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Wray: FBI blocked planned cyberattack on children’s hospital
WASHINGTON (AP) — The FBI thwarted a planned cyberattack on a children’s hospital in Boston that was to have been carried out by hackers sponsored by the Iranian government, FBI Director Christopher Wray said Wednesday.
Wray told a Boston College cybersecurity conference that his agents learned of the planned digital attack from an unspecified intelligence partner and got Boston Children’s Hospital the information it needed last summer to block what would have been “one of the most despicable cyberattacks I’ve seen.”
“And quick actions by everyone involved, especially at the hospital, protected both the network and the sick kids who depended on it,” Wray said.
The FBI chief recounted that anecdote in a broader speech about ongoing cyber threats from Russia, China and Iran and the need for partnerships between the U.S. government and the private sector.
He said the bureau and Boston Children’s Hospital had worked closely together after a hacktivist attacked the hospital’s computer network in 2014. Martin Gottesfeld launched a cyberattack at the hospital to protest the care of a teenager at the center of a high-profile custody battle and later was sentenced to 10 years in prison. The attack against the hospital and a treatment home cost the facilities tens of thousands of dollars and disrupted operations for days.
“Children’s and our Boston office already knew each other well — before the attack from Iran — and that made a difference,” Wray said.
He did not ascribe a particular motive to the planned attack on the hospital, but he noted that Iran and other countries have been hiring cyber mercenaries to conduct attacks on their behalf.
When it comes to Russia, he said, the FBI is “racing” to warn potential targets about preparatory actions that hackers are taking toward destructive attacks. In March, for instance, the FBI warned that it was seeing increased interest by hackers in energy companies since the start of Russia’s war against Ukraine.
Hackers from China, meanwhile, have stolen more corporate and personal data from Americans than all other nations combined as part of a broader geopolitical goal to “lie, cheat and steal,” Wray said.
The speech took place as the FBI continues to combat ransomware attacks from criminal gangs, an ongoing concern for U.S. officials despite the absence of crippling intrusions in recent months.
Wray emphasized the need for private companies to work with the FBI to thwart ransomware gangs and nation-state hackers, adding that building those relationships is a key to success.
“What these partnerships let us do is hit our adversaries at every point — from the victims’ networks, back all the way to the hackers’ own computers,” Wray said.
The FBI and other federal agencies have been working to assure hacking victims that it is in their best interest to report intrusions and cyber crimes. Many companies attacked by ransomware gangs often don’t go to the FBI for a variety of reasons.
U.S. Sen. Rob Portman, a Republican from Ohio and the ranking member of the Senate Homeland Security and Governmental Affairs Committee, issued a report earlier this year critical of the FBI’s response to some ransomware victims. In two cases, the FBI “prioritized its investigative and prosecutorial efforts to disrupt attacker operations over victims’ need to protect data and mitigate damage,” the report said.
One unnamed Fortune 500 company told committee staff that the FBI did not offer any “helpful assistance” when responding to a ransomware attack.
“For example, the FBI offered their hostage negotiator who appeared to have little expertise in responding to ransomware attacks,” the report said.
Wray, though, touted the FBI’s capacity to get a technically trained agent to any victimized company in an hour — “and we use it a lot.”
___
Suderman reported from Richmond, Virginia.
___
Follow Eric Tucker on Twitter at http://www.twitter.com/etuckerAP.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/06/01/wray-fbi-blocked-planned-cyberattack-childrens-hospital/ | 2022-06-01T15:20:56Z |
First Meritor Suspension Purpose-Built for the Bus/Coach Market
TROY, Mich., June 9, 2022 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced the launch of its ProTec™ Independent Front Suspension (IFS) for motorcoach applications. The new IFS MIS-20E is Meritor's first suspension specifically designed for the ride quality and heavy load requirements of motorcoaches. Based on field-proven technology, this product is Meritor's first fully integrated suspension and steering system made to be a drop-in replacement for bus and coach manufacturers.
"The ProTec IFS will deliver the same level of confidence, performance and reliability for the bus and coach industry that military operators have realized from our ProTec solutions over the last two decades," said Christina Simon, senior director of Industrial Product Development for Meritor. "This solution addresses market demand for premium ride quality, ease of maintenance and outstanding reliability."
The ProTec IFS features a gross axle weight rating (GAWR) of up to 20,000 pounds and twin tube performance dampers for control and comfort while providing exceptional overall tire life. It is also equipped with Meritor components to ensure commonality and availability of aftermarket parts including the same bevel-gear hub wheel-ends featured on the U.S. military's Joint Light Tactical Vehicle (JLTV) program vehicles and EX+™ L air disc brakes for excellent stopping power and brake life. For more information please visit meritor.com.
About Meritor
Meritor, Inc. is a leading global supplier of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. With more than a 110-year legacy of providing innovative products that offer superior performance, efficiency and reliability, the company serves commercial truck, trailer, off-highway, defense, specialty and aftermarket customers around the world. Meritor is based in Troy, Michigan, United States, and is made up of more than 9,600 diverse employees who apply their knowledge and skills in manufacturing facilities, engineering centers, joint ventures, distribution centers and global offices in 19 countries. Meritor common stock is traded on the New York Stock Exchange under the ticker symbol MTOR. For important information, visit the company's website at www.meritor.com.
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SOURCE Meritor, Inc. | https://www.mysuncoast.com/prnewswire/2022/06/09/meritor-launches-protec-independent-front-suspension-motorcoach-applications/ | 2022-06-09T21:49:48Z |
DALLAS, June 16, 2022 /PRNewswire/ -- CECO Environmental Corp. (Nasdaq: CECE), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment, today announced that management will present virtually and host one-on-one investor meetings at the virtual East Coast IDEAS Investor Conference on June 23, 2022. The presentation can be accessed through the East Coast IDEAS conference portal for registered participants, the Investor Relations section of the Company's website www.CECOEnviro.com, and on the IDEAS conference website www.IDEASconferences.com.
ABOUT CECO ENVIRONMENTAL
CECO Environmental is a global leader in air quality and water treatment serving a diversified set of niche markets through an attractive asset-light business model. Providing innovative technology and application expertise, CECO helps companies grow their business with safe, clean, and more efficient solutions that help protect our shared environment. In regions around the world, CECO works to improve air quality, optimize the energy value chain, and provide custom engineered solutions for applications including power generation, petrochemical processing, general industrial, refining, midstream oil and gas, electric vehicle production, poly silicon fabrication, battery recycling, and wastewater treatment along with a wide range of other applications. CECO is listed on Nasdaq under the ticker symbol "CECE." For more information, please visit www.cecoenviro.com.
Company Contact:
Matthew Eckl
Chief Financial Officer
888-990-6670
Investor Relations Contact:
Steven Hooser or Gary Guyton
Three Part Advisors
214-872-2710
Investor.Relations@OneCECO.com
Media Contact:
Kimberly Plaskett
Corporate Communications Director
CECO-Communications@OneCECO.com
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SOURCE CECO Environmental Corp. | https://www.kxii.com/prnewswire/2022/06/16/ceco-environmental-present-virtually-upcoming-east-coast-ideas-investor-conference/ | 2022-06-16T12:00:27Z |
Program provides each startup with $100,000 and access to training and resources
MILWAUKEE, July 13, 2022 /PRNewswire/ -- Northwestern Mutual, in partnership with gener8tor, today announced the addition of five tech startups to its Black Founder Accelerator program – an initiative the company launched this past year to provide targeted resources and financing to promising Black entrepreneurs nationwide.
"This next class of five startups builds upon the success of the 10 founders we were proud to team up with in 2021. This group was selected based on their unique business models and drive to build tech solutions that help people live longer, better, and healthier lives across multiple areas of focus, including financial services, insurance, and digital health," said Craig Schedler, managing director of Northwestern Mutual Future Ventures. "With such positive momentum coming from last year's cohorts, including 115 investor introductions and more than 100 full-time employees supported by the 10 startups, I'm both excited to see how this group of founders will make a positive impact in their communities and honored to be a part of a company that continues to meaningfully support Black entrepreneurship."
Black founders receive less than 1% of venture capital. As an extension of Northwestern Mutual's Sustained Action for Racial Equity (SARE) Task Force, the initiative is designed to help address this racial wealth gap. The Black Founder Accelerator program provides those selected with a $100,000 investment, a 12-week business training program, access to venture capital partners and Northwestern Mutual mentors and more. Past recipients have included Black founders from cities nationwide, including Milwaukee, Wis.
"Northwestern Mutual continues to drive our commitment toward diversity, equity and inclusion, with a focus on the Black and African American community," said Abim Kolawole, vice president – financial planning excellence and strategy at Northwestern Mutual. "Through targeting the funding gap for Black entrepreneurs, our Black Founder Accelerator is designed to reinforce an ecosystem that provides an even greater ripple effect on the next generation and beyond."
The cohort includes startups in Atlanta, Ga., Boulder, Colo., Lexington, Tenn., and Philadelphia, Pa., spanning Northwestern Mutual Future Ventures' key strategic areas of focus including fintech, insurtech, digital health and data analytics. This class of startups marks the first of two the company will recognize and support this year.
"We are both honored and eager to welcome this year's Black Founder Accelerator startups into our portfolio," said Precious Drew, senior managing director of the Northwestern Mutual Black Founder Accelerator, powered by gener8tor. "This partnership with Northwestern Mutual directly supports Black founders nationally by providing important resources, mentorship and funding these innovative entrepreneurs might otherwise not have had access to. We look forward to seeing how they continue to develop their unique solutions."
The five startups listed below were selected to participate in and receive investments from the Northwestern Mutual Black Founder Accelerator, powered by gener8tor:
Sherisse Hawkins: Founder and CEO | sherisse@pagedip.com
Pagedip (Boulder, Colo.) creates a no-code authoring tool that makes it easy for teams to create and share smart documents. Pagedip's granular "in-document analytics" can be viewed in real-time, providing key insights about reader interest down to the word or widget.
Bryan Hobbs: Founder and CEO | bryan@pruuvn.com
Pruuvn™(Atlanta, Ga.), a credentialing and data trust company, leverages blockchain technology to develop tools to empower the gig economy. Targeting companies that use contractors, Pruuvn's frictionless SaaS platform simplifies contractor verification, onboarding and compliance from multiple steps to one-click, significantly reducing time to hire and costs.
Cody Eddings: Founder and CEO | cody.eddings@snaprefund.io
SnapRefund (Philadelphia, Pa.) allows businesses to send payments instantly and securely through a variety of digital payment rails. SnapRefund partners with insurance carriers, MGAs and TPAs to provide them and their policyholders with a simple, mobile-friendly dashboard where claim payments can be sent and received.
Tiffanie Stanard: Founder and CEO | tstanard@getstimulus.io
Stimulus (Philadelphia, Pa.) makes the purchasing process more transparent and helps various stakeholders collaborate to achieve their corporate goals, such as improving diverse purchasing. Stimulus Score evaluates suppliers to provide an objective view of performance, which provides a 360 view for buyers to engage better with current or future vendors.
Victor Brown: Founder and CEO | victor.brown@xcellentlife.com
Xcellent Life (Lexington, Tenn.) provides a comprehensive digital health platform that evaluates more factors utilizing a three-dimensional approach involving advanced methodologies for predictive analytics and artificial intelligence. As a result, this can provide more personalized health insights and identify potential issues more accurately and faster.
gener8tor is a venture capital fund and startup accelerator. Ranked one of the top-15 accelerators in the United States, gener8tor operates programs for startups, musicians, artists, investors, and workers and prioritizes investing across race, place, and gender. Fast Company named gener8tor one of the 10 Most Innovative Companies in 2020 and one of the Best Workplaces for Innovators in 2021.
The NMBFA is a joint collaboration between Northwestern Mutual and gener8tor to advance Black tech startups based in the United States focused on fintech, insurtech, digital health and data analytics. gener8tor is the administrator of the twelve-week accelerator that runs two cohorts of five Black-led tech startups a year.
Northwestern Mutual has been helping people and businesses achieve financial security for more than 165 years. Through a holistic planning approach, Northwestern Mutual combines the expertise of its financial professionals with a personalized digital experience and industry-leading products to help its clients plan for what's most important. With more than $560 billion in combined company and client assets, $34 billion in revenues, and $2.1 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to nearly five million people with life, disability income and long-term care insurance, annuities, and brokerage and advisory services. Northwestern Mutual ranked 97 on the 2022 FORTUNE 500 and was recognized by FORTUNE® as one of the "World's Most Admired" life insurance companies in 2022.
Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries. Subsidiaries include Northwestern Mutual Investment Services, LLC (NMIS) (investment brokerage services), broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company® (NMWMC) (investment advisory and services), federal savings bank; and Northwestern Long Term Care Insurance Company (NLTC) (long-term care insurance). Not all Northwestern Mutual representatives are advisors. Only those representatives with "Advisor" in their title or who otherwise disclose their status as an advisor of NMWMC are credentialed as NMWMC representatives to provide investment advisory services.
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SOURCE Northwestern Mutual | https://www.mysuncoast.com/prnewswire/2022/07/13/northwestern-mutual-expands-business-accelerator-black-entrepreneurs-include-five-promising-tech-startups/ | 2022-07-13T14:26:57Z |
NEW YORK (AP) — Major League Baseball is ready to voluntarily accept the formation of a minor league union, a key step that will lead to collective bargaining and possibly a strike threat at the start of next season.
The Major League Baseball Players Association launched the unionization drive on Aug. 28 and told MLB on Tuesday it had obtained signed authorization cards from the approximately 5,500 players with minor league contracts. If MLB had declined to accept the union, the players’ association’s next step would have been to ask the National Labor Relations Board to conduct an authorization election.
“We, I believe, notified the MLBPA today that we’re prepared to execute an agreement on voluntary recognition. I think they’re working on the language as we speak,” baseball Commissioner Rob Manfred said during a news conference Friday to announce on-field rules changes for next season.
Both sides were exchanging language Friday for a proposed card-check agreement. MLB maintains players with Dominican Summer League contracts will not be included in the bargaining unit, while the union would not state its position.
“We are pleased Major League Baseball is moving forward with this process in a productive manner,” union head Tony Clark said in a statement. “While there are significant steps remaining, we are confident discussions will reach a positive outcome.”
Major leaguers negotiated their first collective bargaining agreement in 1968. They have had nine work stoppages during a period of gains that saw the big league average salary rise from $19,000 in 1967 to over $4 million this year. Players on 40-man rosters on option to the minor leagues have been represented by the union since 1981.
The vast majority of minor leaguers have not previously been represented by the union, which intends to form a separate bargaining unit with its own dues and governance structure, such as player representatives and an executive board.
MLB raised weekly minimum salaries for minor leaguers in 2021 to $400 at rookie and short-season levels, $500 at Class A, $600 at Double-A and $700 at Triple-A. For players on option, the minimum is $57,200 per season for a first big league contract and $114,100 for later big league contracts.
In addition, MLB this year began requiring teams to provide housing for most minor leaguers.
MLB and union negotiators have had an acrimonious relationship in recent years, leading to several grievances that remain pending. Manfred and Clark held separate news conferences to announce the agreement that ended the lockout in March, and union officials did not attend MLB’s news conference Friday to announce the adoption of a pitch clock and defensive shift restrictions next season.
The five-year labor agreement expires on Dec. 1, 2026, and MLB could seek a simultaneous expiration for a minor league deal.
The minor leaguers’ greatest leverage may be ahead of opening day, March 31 at Triple-A and April 6 at lower levels, when a strike could lead each team to keep its dozen or so unionized players on option at training complexes playing makeshift games.
Negotiations between Deputy Commissioner Dan Halem and Bruce Meyer, recently promoted to the union’s executive director, have been filled with acrimony.
___
More AP MLB: https://apnews.com/hub/MLB and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/ap-mlb-prepared-to-voluntarily-recognize-minor-league-union/ | 2022-09-10T16:31:46Z |
Topeka Mayor encourages community members to apply for board, commission openings
Published: Aug. 10, 2022 at 4:27 PM CDT|Updated: 55 minutes ago
TOPEKA, Kan. (WIBW) - The City of Topeka has several openings for community members to serve on various boards and commissions.
“Serving on boards and commissions is a great way to get involved in local government, while serving your community,” said Topeka Mayor Michael Padilla. “I encourage Topekans to take a look at the openings, see what topics might be of interest to you, and to apply for those open spots. We welcome citizens to join us in public service.”
The openings are listed as followed:
- Americans with Disabilities Act (ADA) Advisory Council
- There are currently two vacancies on the ADA Advisory Council.
- Board of Building and Fire Appeals
- There are currently two vacancies on the Board of Building and Fire Appeals.
- Board of Electrical Appeals
- There is currently one vacancy on the Board of Electrical Appeals.
- Board of Mechanical Examiners Appeals
- There are currently four vacancies on the Board of Mechanical Examiners Appeals.
- Board of Plumbing Appeals
- There is currently one vacancy on the Board of Plumbing Appeals.
- Citizens Advisory Council
- There is currently one vacancy on the Citizens Advisory Council.
- Civil Service Commission
- There are currently two vacancies on the Civil Service Commission.
- Downtown Business Improvement District Advisory Board
- There are currently two vacancies on the Downtown BID Advisory Board.
- Human Relations Commission
- There is currently one vacancy on the Human Relations Commission.
- Jayhawk Area Agency on Aging Board of Directors
- There is currently one vacancy on the Jayhawk Area Agency on Aging Board of Directors.
- Shawnee County Community Corrections Advisory Board
- There is currently one vacancy on the Shawnee County Community Corrections Advisory Board.
- Shawnee County Juvenile Corrections Advisory Board
- There is currently one vacancy on the Shawnee County Juvenile Corrections Advisory Board.
- Topeka Housing Authority Advisory Board
- There are currently two vacancies on the Topeka Housing Authority Advisory Board.
- Topeka Metropolitan Transit Board
- There are currently two vacancies on the Topeka Metropolitan Transit Board.
- Topeka Performing Arts Center Board of Trustees
- There are currently two vacancies on the Topeka Performing Arts Center Board of Trustees.
- Topeka Shawnee County Riverfront Authority Board
- There is currently one vacancy on the Topeka Shawnee County Riverfront Authority Board.
- Topeka Sustainability Advisory Board
- There are currently two vacancies on the Topeka Sustainability Advisory Board.
To learn more about the boards and commissions with vacancies, click here.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/08/10/topeka-mayor-encourages-community-members-apply-board-commission-openings/ | 2022-08-10T22:23:06Z |
Focus on SEO helped organization increase organic traffic and connections with burn survivors.
IRVINE, Calif., July 14, 2022 /PRNewswire/ -- SmartBug Media® — a leading Intelligent Inbound® marketing agency that assists B2B businesses, B2C organizations and D2C e-commerce businesses in growing revenue by generating leads, scaling revenue operations and building market awareness through inbound marketing, digital strategy, design, marketing automation, revenue operations, public relations, paid media and web development — has been named a Communitas Award winner for excellence in community service in the skills-based service, pro bono category for the company's SEO work for the Phoenix Society for Burn Survivors.
SmartBug initiated its pro bono marketing program in 2019 as an in-kind donation to select nonprofit organizations. SmartBug employees nominate groups they think could benefit from agency support for a quarter-long "contract" during the calendar year. Past recipients of the company's deep bench of experience — SEO, marketing, blogging, design and training — include Girls in Tech, Luminary and PLAY Phoenix. Drink Local. Drink Tap. Inc. was chosen as the Q3 2022 organization.
"The team we have at SmartBug is deeply invested in the communities where they live and the causes they believe in, and we are thrilled to have the opportunity to support nonprofit organizations doing such great work, often with limited resources," SmartBug CEO Jen Spencer said. "We are honored by the Communitas Award recognition."
Phoenix Society is a nonprofit organization focused on support, advocacy and research for burn survivors and their loved ones, burn care professionals, researchers and others committed to empowering the burn community. A SmartBug employee, familiar with Phoenix Society from her own search for resources as a burn survivor, recommended the organization take part in SmartBug's nonprofit program since she knew more people were searching for information online as a result of the COVID-19 pandemic.
SmartBug focused on bolstering the nonprofit's SEO and formulated a comprehensive plan that included website recommendations, keyword discovery, a blogging calendar and training, among other services. The work ultimately provided a valuable blueprint, tools and resources that Phoenix Society can use in order to meet its goals and reach burn survivors around the world.
Visit here for more information about SmartBug's work with nonprofit organizations.
The Communitas Awards is an international effort to recognize exceptional businesses, organizations and individuals that are unselfishly giving of themselves and their resources and those who are changing how they do business to benefit their communities. Nominees are evaluated on the extent and effectiveness of their efforts. Learn more at https://communitasawards.com/.
SmartBug Media® is a globally recognized Intelligent Inbound® marketing agency assisting B2B businesses, B2C organizations and D2C e-commerce businesses in growing revenue by generating leads, scaling revenue operations and building market awareness through inbound marketing, digital strategy, design, marketing automation, revenue operations, public relations, paid media and web development. As HubSpot's 2021 North America Partner of the Year, SmartBug® is one of its top-performing, elite global solutions partners as well as a Master Elite partner of Klaviyo.
Founded in 2008 as one of the few fully remote agencies, SmartBug is an innovator and trusted authority on creating life-work harmony for its 180-plus employees spread across 35 states and five countries. The company that implemented quarterly Certification Days to foster continuous learning and career development has won two Great Place to Work® and 26 Comparably awards. It has also been named to the Inc. 5000 Fastest-Growing Private Companies list for five consecutive years and the Adweek Fastest Growing Agencies list three years in a row. With hundreds of awards for client work — and a team holding a combined 1,000-plus marketing certifications — SmartBug is fully dedicated to delivering client success and an unparalleled agency experience. Its services include inbound marketing, digital strategy, design, marketing automation, revenue operations, public relations, paid media and web development. For more information about SmartBug Media, visit smartbugmedia.com.
For SmartBug Media Inquiries, Contact:
Katie Quaranta, PR Manager
SmartBug Media
kquaranta@smartbugmedia.com
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SOURCE SmartBug Media | https://www.mysuncoast.com/prnewswire/2022/07/14/smartbug-media-earns-coveted-communitas-award-work-with-phoenix-society-burn-survivors/ | 2022-07-14T13:48:36Z |
NEW YORK, Aug. 5, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SQ, IRBT, NET, TWLO, and COIN.
Click a link below then choose between in-depth options trade idea report or a stock score report.
Options Report – Ideal trade ideas on up to seven different options trading strategies. The report shows all vital aspects of each option trade idea for each stock.
Stock Report - Measures a stock's suitability for investment with a proprietary scoring system combining short and long-term technical factors with Wall Street's opinion including a 12-month price forecast.
- SQ: https://www.investorsobserver.com/lp/pr-options-lp-2/?symbol=SQ&prnumber=080520227
- IRBT: https://www.investorsobserver.com/lp/pr-options-lp-2/?symbol=IRBT&prnumber=080520227
- NET: https://www.investorsobserver.com/lp/pr-options-lp-2/?symbol=NET&prnumber=080520227
- TWLO: https://www.investorsobserver.com/lp/pr-options-lp-2/?symbol=TWLO&prnumber=080520227
- COIN: https://www.investorsobserver.com/lp/pr-options-lp-2/?symbol=COIN&prnumber=080520227
(Note: You may have to copy this link into your browser then press the [ENTER] key.)
InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street. We have a wide range of tools to help investors make smarter decisions when investing in stocks or options.
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SOURCE InvestorsObserver | https://www.mysuncoast.com/prnewswire/2022/08/05/thinking-about-trading-options-or-stock-block-irobot-cloudflare-twilio-or-coinbase-global/ | 2022-08-05T15:19:05Z |
FOSTER CITY, Calif., July 25, 2022 /PRNewswire/ -- Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of disruptive cloud-based IT, security and compliance solutions, today announced that the company will report its financial results for the second quarter 2022 after the market closes on Monday, August 8, 2022.
Qualys will host a conference call and live webcast to discuss its second quarter 2022 financial results at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) on Monday, August 8, 2022. To access the conference call, please register here. A live webcast of the earnings conference call, investor presentation, and prepared remarks can be accessed at https://investor.qualys.com/events-presentations. A replay of the conference call will be available through the same webcast link following the end of the call.
About Qualys
Qualys, Inc. (NASDAQ: QLYS) is a pioneer and leading provider of disruptive cloud-based Security, Compliance and IT solutions with more than 10,000 subscription customers worldwide, including a majority of the Forbes Global 100 and Fortune 100. Qualys helps organizations streamline and automate their security and compliance solutions onto a single platform for greater agility, better business outcomes, and substantial cost savings.
The Qualys Cloud Platform leverages a single agent to continuously deliver critical security intelligence while enabling enterprises to automate the full spectrum of vulnerability detection, compliance, and protection for IT systems, workloads and web applications across on premises, endpoints, servers, public and private clouds, containers, and mobile devices. Founded in 1999 as one of the first SaaS security companies, Qualys has strategic partnerships and seamlessly integrates its vulnerability management capabilities into security offerings from cloud service providers, including Amazon Web Services, the Google Cloud Platform and Microsoft Azure, along with a number of leading managed service providers and global consulting organizations. For more information, please visit www.qualys.com.
Qualys and the Qualys logo are proprietary trademarks of Qualys, Inc. All other products or names may be trademarks of their respective companies.
Investor Contact
Blair King
Vice President, Investor Relations and Corporate Development
(650) 801-6299
ir@qualys.com
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SOURCE Qualys, Inc. | https://www.wibw.com/prnewswire/2022/07/25/qualys-report-second-quarter-2022-financial-results-august-8-2022/ | 2022-07-25T14:38:15Z |
BEIJING, Sept. 2, 2022 /PRNewswire/ -- A news report from CRI Online: Recently, the ambassadors to China from Brazil, Georgia, Guatemala, Italy, Mexico, Pakistan, South Korea, Spain, and the United Kingdom, as well as online influencers and journalists from foreign media organizations, visited the Yangtze River Rare Fish Conservation Center (Chinese Sturgeon Research Institute) and the Yangtze River Rare Plant Research Institute in the Three Gorges Dam area to gain a better understanding of the ecological significance of the country's Great Yangtze River Protection Programme. The two special institutions operate under the aegis of the China Three Gorges Corporation.
The Yangtze River Rare Plant Research Institute is located in the Three Gorges Dam area and is also known as the Kingdom of Plants. Over the past few decades, the institute has cultivated hundreds of thousands of plants through seed introduction, traditional breeding and laboratory tissue culture, expanding the number of protected plant species from 560 to 1,181, while enlarging the scope of protection from the Three Gorges Reservoir area to the upper and middle reaches of the Yangtze River.
At the Yangtze River Rare Fish Conservation Center (Chinese Sturgeon Research Institute), the assemblage of ambassadors and media professionals took a closer look at the conservation, breeding and release of Chinese sturgeon. Since 1984, the institute has released 65 batches containing in total nearly 5.3 million fish. The success, the result of the joint efforts of five generations of sturgeon protectors over a 40 year period, left a deep impression on Max, an online blogger from Mexico. He said that Chinese sturgeon is listed as critically endangered by the International Union for Conservation of Nature (IUCN), and the work done by the Three Gorges Corporation is of great significance to the population breeding of what was until relatively recently, a nearly extinct fish.
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SOURCE CRIOnline | https://www.kxii.com/prnewswire/2022/09/02/international-web-influencers-visit-three-gorges-dam-area-explore-significance-yangtze-river-ecological-conservation/ | 2022-09-02T17:31:28Z |
If Sens. Raphael Warnock and Jon Ossoff are serious about addressing climate change, which they should be, the pair must increase funding for cultivated-meat research. For those who aren’t familiar with the term, cultivated meat is grown from animal cells, without slaughter. It requires a fraction of the greenhouse gas-emissions to produce that raising livestock does.
Unfortunately, production costs for cultivated meat remain too high for this new protein to compete with slaughtered meat. This can be rectified with public money for cellular-agriculture development. Environmentally-conscious legislators should support an increase in such funding, given animal agriculture is a leading cause of climate change.
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According to the July jobs report, employment is back to pre-pandemic levels. Read more about the report here!
This poll is not scientific - results reflect the opinions of respondents. | https://www.albanyherald.com/opinion/cultivated-meat-could-have-positive-impact-on-climate-change/article_08c8d984-1bf8-11ed-bfa0-9f3aaafabbbc.html | 2022-08-14T22:31:27Z |
BAKHMUT, Ukraine (AP) — Chunks of thick, twisted metal and wood splinters lie among the swings and slides in the playground outside a bombed-out school. Some streets away, a yellow bathtub dangles over the void left when part of an apartment building collapsed in a bombing.
The eastern Ukrainian town of Bakhmut has been coming under increasing bombardment in Russia’s war, particularly over the last week, local officials and residents say, as Russian forces try to press forward in an effort to encircle and capture the key city of Sieverodonetsk to the northeast.
Moscow-backed separatists have fought Ukrainian forces in the Donbas for eight years and hold large swaths of territory. Sieverodonetsk and neighboring cities are the only part of the Donbas’ Luhansk region still under Ukrainian government control.
Most of Bakhmut’s population has already fled, and more are leaving every day. Evacuation minibuses run mainly by volunteers shuttle back and forth, sometimes even during bombardments, to get people out.
“Now it’s a question of saving the children,” said Olga Hordiyenko, 51, as she stood in a playground on Tuesday near her apartment building. “The Russians are shelling us, so there’s this burning issue to get the children out of here.”
Ignoring the repeated background sounds of shelling, her three grandchildren, girls ages 7, 9 and 11, focused on learning dance moves from a video on their mother’s mobile phone.
Hordiyenko and her daughter Anna Dyachenko, 28, wanted to leave on Tuesday but there was no room on the bus for them, they said. Instead, they would be leaving on Wednesday, heading to western Ukraine initially and then abroad to relatives.
“People say it’s time to go, and we’re happy to leave,” Dyachenko said. But they still fear they will have nothing to come home to once the war is over.
“Here we have our apartment, our house,” she said. “Everything will be smashed and destroyed.”
With a pre-war population of around 85,000, there are now around 30,000 people left, Bakhmut City Council Secretary Ganna Petrieynko-Poluhina said. While authorities are encouraging more people to leave, some are hesitant, she said.
“Life is the most important thing for a person. But people are tied to their homes, to what they remember,” Petrieynko-Poluhina said. “Every day we see that shelling happens more often, and people leave. We would like that more people leave.”
The shelling has increased in recent days, and it’s becoming harder to get humanitarian aid into the town, she said. As if to prove her point, the thudding of artillery reverberated, and the city council staff headed toward the bomb shelter.
Strikes in Bakhmut have hit everything from apartment blocks to dormitories, houses and even schools.
“It was a usual school, children studied, then there was a bomb,” said local resident Olena Kryvobok as she walked around a playing field and children’s playground just outside what was left of the school. Students’ notebooks lie tattered in the grass, a child’s drawing still pinned to the wall of what used to be a classroom.
“I don’t even know what to say, because I have so much indignation, so many emotions,” Kryvobok said, adding that it was pure luck that there had been no children in the playing field when the bomb struck.
“In one moment, everything crashed,” she said. “I don’t know, it is horror.”
___
Follow AP’s coverage of the war in Ukraine: https://apnews.com/hub/russia-ukraine | https://cw33.com/business/ap-business/saving-the-children-war-closes-in-on-eastern-ukrainian-town/ | 2022-05-26T01:52:08Z |
TEL AVIV, Israel, July 21, 2022 /PRNewswire/ -- Today, Circles is launching a new service offering free, anonymous, voice-only support rooms. The newest feature within the Circles support platform now invites people to connect around the common issues they face in their lives – anonymously, and for free. People going through similar life challenges or events drop into voice-only support rooms around those specific topics in a safe space, to give and get support whenever they need it, guided by a peer with that same lived experience.
The new free feature, named Voices, has been operating in beta phase for the last few weeks on the Circles support app, already hosting weekly voice-only support rooms, with the majority of users revisiting the platform on a weekly basis. A portion of Circles' recent $16.5M Series A funding is dedicated to expanding this new feature on the Circles platform.
Circles is the leading platform for anyone dealing with a life challenge to find group support, available on the App Store and Google Play, where up to 10 people experiencing similar life challenges are matched into groups and meet weekly via video chat to give and receive emotional support, guided by trained, vetted mental health professionals. Until now, Circles offering was subscription-based, supporting thousands of paying members across the country with hundreds of groups. Following Circles' success, it is launching Voices, the platform's newest, cost-free offering which lowers the barrier even further to anyone who could use support but finds that 1:1 therapy isn't a feasible or effective solution.
Voices' partners were handpicked to guide the first VoiceRooms, focusing on individuals who were already sharing their story to help others.
"People feel better after talking to someone going through similar experiences. I saw this when my mother was sick with cancer, and I felt this myself after she passed. We've proved this with the Circles platform, and now, we want to make it available to everyone," says Irad Eichler, Co-Founder and CEO of Circles. "Today, we're launching our new Voices feature with 100 initial partners across over 30 topics, so that anyone who feels alone and like no one understands them, can jump on and find someone who does, all day, everyday."
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SOURCE Circles | https://www.kxii.com/prnewswire/2022/07/21/mental-health-support-by-circles-anonymous-peer-led-voice-only-support-rooms/ | 2022-07-21T12:55:50Z |
DENVER, Aug. 2, 2022 /PRNewswire/ -- Healthpeak Properties, Inc. (NYSE: PEAK) today announced results for the second quarter ended June 30, 2022.
SECOND QUARTER 2022 FINANCIAL PERFORMANCE AND RECENT HIGHLIGHTS
– Net income of $0.13 per share, Nareit FFO of $0.44 per share, FFO as Adjusted of $0.44 per share, and blended Total Same-Store Portfolio Cash (Adjusted) NOI growth of 3.7%
- Life Science and MOB Same-Store Portfolio Cash (Adjusted) NOI growth of 4.3% and 4.5%, respectively
– South San Francisco Joint Ventures:
- Formed a new life science joint venture with a sovereign wealth fund ("SWF Partner") for the near-term redevelopment of seven buildings on Healthpeak's Pointe Grand campus in South San Francisco
- Healthpeak and its SWF Partner have also signed agreements to utilize a similar joint venture structure to develop Phases II & III of Vantage in South San Francisco
– Announced a $500 million share repurchase program
– Life science development:
- Signed a 154,000 square foot full-building lease with a global pharmaceutical company at Vantage Phase I in South San Francisco
- Placed in service the remaining 74,000 square feet at The Boardwalk and an additional 160,000 square feet at The Shore
- $1 billion active life science developments 81% pre-leased as of August 2, 2022
– Added a new $36 million on-campus medical office development to our HCA Healthcare ("HCA") development program
– Increased MOB full-year 2022 same-store cash NOI outlook
– Net debt to adjusted EBITDAre and liquidity were 5.1x and $2.0 billion, respectively, as of June 30, 2022
– Obtained indicative lender commitments for a total of $500 million for proposed new senior unsecured delayed draw term loans
– The Board of Directors declared a quarterly common stock cash dividend of $0.30 per share to be paid on August 19, 2022, to stockholders of record as of the close of business on August 8, 2022
– Published 11th annual ESG report covering environmental, social and governance initiatives and progress
SECOND QUARTER COMPARISON
Nareit FFO, FFO as Adjusted, AFFO, Same-Store Cash (Adjusted) NOI and Net Debt to Adjusted EBITDAre are supplemental non-GAAP financial measures that we believe are useful in evaluating the operating performance and financial position of real estate investment trusts (see the "Funds From Operations" and "Adjusted Funds From Operations" sections of this release for additional information). See "June 30, 2022 Discussion and Reconciliation of Non-GAAP Financial Measures" for definitions, discussions of their uses and inherent limitations, and reconciliations to the most directly comparable financial measures calculated and presented in accordance with GAAP in the Investor Relations section of our website at http://ir.healthpeak.com/quarterly-results.
SAME-STORE ("SS") OPERATING SUMMARY
The table below outlines the year-over-year three-month SS Cash (Adjusted) NOI growth on an actual and pro forma basis. The Pro Forma table reflects the results excluding government grants under the CARES Act for our CCRC portfolio.
SOUTH SAN FRANCISCO JOINT VENTURES
POINTE GRAND REDEVELOPMENT
In August 2022, Healthpeak and its SWF Partner entered into a new 70% (Healthpeak) / 30% (SWF Partner) joint venture ("JV") on an approximately 400,000 square foot portfolio of seven life science buildings on Healthpeak's Pointe Grand campus in South San Francisco.
The JV intends to capitalize on Pointe Grand's irreplaceable location and strong tenant demand by redeveloping the buildings upon the near-term expirations of existing leases. The redevelopment will create differentiated product in an A+ location offering tenants speed to market in high-quality, purpose-built lab space at a lower occupancy cost compared to new development. The smaller buildings also allow the JV to capture the significant demand from a deep pool of tenants seeking 20,000 to 50,000 square feet.
The JV expects to fund an additional investment of approximately $400 per square foot to renovate and re-tenant the 30-year-old buildings over the next two years, including updated building systems, tenant improvements, and an amenity suite.
The JV generated cash proceeds to Healthpeak of $126 million at closing. Healthpeak will earn a preferred return during the redevelopment period, asset management and development fees, and be eligible for a promote.
VANTAGE PHASES II & III DEVELOPMENT
Healthpeak and its SWF Partner have also signed agreements to utilize a similar joint venture structure to develop Phases II and III of Vantage, a Class A development campus that is directly adjacent to Pointe Grand in South San Francisco and currently wholly-owned by Healthpeak. The purchase price for the Vantage Phase II & III joint venture is subject to final entitlements/density, and closing is subject to certain closing conditions, which we expect will be satisfied in the first half of 2023.
SHARE REPURCHASE AUTHORIZATION
In August 2022, Healthpeak's Board of Directors approved a $500 million share repurchase program. The shares may be repurchased in the open market at Healthpeak's discretion and subject to market conditions, regulatory constraints, and other customary conditions, until August 2024.
DEVELOPMENT UPDATES
VANTAGE PHASE I
In July 2022, Healthpeak signed a 154,000 square foot lease with a global pharmaceutical company at its Vantage Phase I development in South San Francisco, bringing the property to 45% pre-leased.
Strategically located on the corner of Forbes Boulevard and at the doorstep of Genentech's headquarters, the purpose-built lab campus will feature state-of-the-art design, an amenity center, flexible and efficient floor plates, and building systems accommodating a broad range of life science uses.
MOB DEVELOPMENT PROGRAM WITH HCA
In July 2022, Healthpeak added a new $36 million on-campus Class A medical office building to its development program with HCA. The 70,000 square foot, four-story building will be located on the Memorial Health University Medical Center campus in Savannah, Georgia. Memorial Health University Medical Center is operated by HCA and is the largest hospital in the MSA. HCA has committed to lease 50% of the space.
Since 2019, Healthpeak's development program with HCA has delivered 9 MOBs totaling 780,000 square feet, with total development costs of approximately $237 million.
THE BOARDWALK
During the second quarter, Healthpeak placed in service the remaining 74,000 square feet, representing $48 million of investment, at The Boardwalk, located in the Torrey Pines submarket of San Diego. The $179 million Class A development is targeting LEED Gold certification, encompasses 192,000 square feet across 3 buildings, and is 100% leased.
THE SHORE AT SIERRA POINT
During the second quarter, Healthpeak placed in service 160,000 square feet, representing $184 million of investment, at Phase II of The Shore at Sierra Point, located in Brisbane, California. The remaining 36,000 square feet in Phase II that has not yet been placed in service is 100% leased with a total expected development cost of $47 million and expected initial occupancy in the fourth quarter of 2022.
ACQUISITIONS
NORTHWEST MEDICAL PLAZA
In May 2022, Healthpeak closed on a 68,000 square foot on-campus medical office building for $26 million. The property is 98% leased with a weighted average remaining lease term of approximately 4.5 years and directly attached to Northwest Medical Center, a 128-bed full-service hospital in Bentonville, Arkansas.
DISPOSITIONS
During the second quarter, Healthpeak closed on the sale of three non-core MOB assets, generating proceeds of $26 million.
BALANCE SHEET
Net debt to adjusted EBITDAre and liquidity were 5.1x and $2.0 billion, respectively, as of June 30, 2022, including net proceeds from the future settlement of shares sold under equity forward contracts during the third quarter of 2021.
Healthpeak has obtained indicative lender commitments for proposed new senior unsecured delayed draw term loans (the "Term Loan Facilities") in an aggregate principal amount of up to $500 million, with initial stated maturities of 4.5 years (plus 1-year extension option at Healthpeak's discretion) and 5 years, and an interest rate of adjusted SOFR plus 85 basis points based on Healthpeak's current credit ratings. Healthpeak anticipates that the Term Loan Facilities will close in August 2022, subject to customary closing conditions, and fund during the fourth quarter 2022. Healthpeak intends to use the proceeds of the Term Loan Facilities for general corporate purposes, including to pay down existing and future short-term borrowings under its commercial paper program. On August 2, 2022, Healthpeak executed forward-starting swaps that matched the expected initial stated maturities of the Term Loan Facilities and fixed the interest rate at a blended 3.5%. The commitments in respect of the Term Loan Facilities and the terms and conditions thereof (including principal amounts, interest rates, and maturities) remain subject to the negotiation and execution of definitive loan documentation and market conditions.
ESG
In July 2022, Healthpeak published its 11th annual ESG Report, highlighting our environmental, social, and governance (ESG) initiatives over the last decade, as well as our 2021 performance.
Healthpeak was recently named an ENERGY STAR Partner of the Year for the second time and received several workplace recognitions, including being certified a Great Place to Work for the third consecutive year, Great Place to Work in Orange County by the Orange County Business Journal for the second time, and Top Workplaces by The Tennessean for the first time.
To learn more about Healthpeak's ESG program and view our 2021 ESG Report, please visit www.healthpeak.com/esg.
DIVIDEND
On July 28, 2022, Healthpeak announced that its Board declared a quarterly common stock cash dividend of $0.30 per share to be paid on August 19, 2022, to stockholders of record as of the close of business on August 8, 2022.
2022 GUIDANCE
We are reaffirming the following guidance ranges for full year 2022:
- Diluted Nareit FFO per share of $1.70 – $1.76
- Diluted FFO as Adjusted per share of $1.68 – $1.74
We are updating the following guidance ranges for full year 2022:
- Diluted earnings per common share from $0.58 – $0.64 to $0.97 – $1.03
- Total Portfolio Same-Store Cash (Adjusted) NOI growth Guidance from 3.25% – 4.75% to 3.50% – 5.00%
These estimates do not reflect the potential impact from unannounced future transactions. These estimates are based on our view of existing market conditions, transaction timing and other assumptions for the year ending December 31, 2022. For additional details and assumptions underlying this guidance, please see page 38 in our corresponding Supplemental Report and the Discussion and Reconciliation of Non-GAAP Financial Measures, both of which are available in the Investor Relations section of our website at http://ir.healthpeak.com.
COMPANY INFORMATION
Healthpeak has scheduled a conference call and webcast for Wednesday, August 3, 2022, at 9:00 a.m. Mountain Time (11:00 a.m. Eastern Time) to review its financial and operating results for the quarter ended June 30, 2022. The conference call is accessible by dialing (888) 317-6003 (U.S.) or (412) 317-6061 (international). The conference ID number is 10168631. You may also access the conference call via webcast in the Investor Relations section of our website at http://ir.healthpeak.com. An archive of the webcast will be available on Healthpeak's website through August 3, 2023, and a telephonic replay can be accessed through August 10, 2022, by dialing (877) 344-7529 (U.S.) or (412) 317-0088 (international) and entering conference ID number 6376533. Our Supplemental Report for the current period is also available, with this earnings release, in the Investor Relations section of our website.
ABOUT HEALTHPEAK
Healthpeak Properties, Inc. is a fully integrated real estate investment trust ("REIT") and S&P 500 company. Healthpeak owns and develops high-quality real estate in the three private-pay healthcare asset classes of Life Science, Medical Office and CCRC. At Healthpeak, we pair our deep understanding of the healthcare real estate market with a strong vision for long-term growth. For more information regarding Healthpeak, visit www.healthpeak.com.
FORWARD-LOOKING STATEMENTS
Statements contained in this release that are not historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, among other things, statements regarding our and our officers' intent, belief or expectation as identified by the use of words such as "may," "will," "project," "expect," "believe," "intend," "anticipate," "seek," "target," "forecast," "plan," "potential," "estimate," "could," "would," "should" and other comparable and derivative terms or the negatives thereof. Examples of forward-looking statements include, among other things: (i) statements regarding timing, outcomes and other details relating to current, pending or contemplated acquisitions, dispositions, transitions, developments, redevelopments, densifications, joint venture transactions, leasing activity and commitments, capital recycling plans, financing activities, or other transactions discussed in this release; (ii) the payment of a quarterly cash dividend; and (iii) the information presented under the heading "2022 Guidance." Pending acquisitions, dispositions, joint venture transactions, leasing activity, and financing activity, including those subject to binding agreements, remain subject to closing conditions and may not be completed within the anticipated timeframes or at all. Forward-looking statements reflect our current expectations and views about future events and are subject to risks and uncertainties that could significantly affect our future financial condition and results of operations. While forward-looking statements reflect our good faith belief and assumptions we believe to be reasonable based upon current information, we can give no assurance that our expectations or forecasts will be attained. Further, we cannot guarantee the accuracy of any such forward-looking statement contained in this release, and such forward-looking statements are subject to known and unknown risks and uncertainties that are difficult to predict. These risks and uncertainties include, but are not limited to: the Covid pandemic and health and safety measures intended to reduce its spread, the availability, effectiveness and public usage and acceptance of vaccines, and how quickly and to what extent normal economic and operating conditions can resume within the markets in which we operate; the ability of our existing and future tenants, operators and borrowers to conduct their respective businesses in a manner sufficient to maintain or increase their revenues and manage their expenses in order to generate sufficient income to make rent and loan payments to us and our ability to recover investments made, if applicable, in their operations; increased competition, operating costs and market changes affecting our tenants, operators and borrowers; the financial condition of our tenants, operators and borrowers, including potential bankruptcies and downturns in their businesses, and their legal and regulatory proceedings; our concentration of real estate investments in the healthcare property sector, which makes us more vulnerable to a downturn in a specific sector than if we invested in multiple industries and exposes us to the risks inherent in illiquid investments; our ability to identify and secure replacement tenants and operators and the potential renovation costs and regulatory approvals associated therewith; our property development, redevelopment and tenant improvement activity risks, including project abandonments, project delays and lower profits than expected; changes within the life science industry; high levels of regulation, funding requirements, expense and uncertainty faced by our life science tenants; the ability of the hospitals on whose campuses our MOBs are located and their affiliated healthcare systems to remain competitive or financially viable; our ability to maintain or expand our hospital and health system client relationships; operational risks associated with third party management contracts, including the additional regulation and liabilities of our RIDEA lease structures; economic and other conditions that negatively affect geographic areas from which we recognize a greater percentage of our revenue; uninsured or underinsured losses, which could result in significant losses and/or performance declines by us or our tenants and operators; our investments in joint ventures and unconsolidated entities, including our lack of sole decision making authority and our reliance on our partners' financial condition and continued cooperation; our use of fixed rent escalators, contingent rent provisions and/or rent escalators based on the Consumer Price Index; competition for suitable healthcare properties to grow our investment portfolio; our ability to foreclose on collateral securing our real estate-related loans; our ability to make material acquisitions and successfully integrate them; the potential impact on us and our tenants, operators and borrowers from litigation matters, including rising liability and insurance costs; an increase in our borrowing costs, including due to higher interest rates; the availability of external capital on acceptable terms or at all, including due to rising interest rates, changes in our credit ratings and the value of our common stock, volatility or uncertainty in the capital markets, and other factors; cash available for distribution to stockholders and our ability to make dividend distributions at expected levels; our ability to manage our indebtedness level and covenants in and changes to the terms of such indebtedness; changes in global, national and local economic and other conditions; laws or regulations prohibiting eviction of our tenants; the failure of our tenants, operators and borrowers to comply with federal, state and local laws and regulations, including resident health and safety requirements, as well as licensure, certification and inspection requirements; required regulatory approvals to transfer our senior housing properties; compliance with the Americans with Disabilities Act and fire, safety and other regulations; the requirements of, or changes to, governmental reimbursement programs such as Medicare or Medicaid; legislation to address federal government operations and administration decisions affecting the Centers for Medicare and Medicaid Services; our participation in the CARES Act Provider Relief Fund and other Covid-related stimulus and relief programs; provisions of Maryland law and our charter that could prevent a transaction that may otherwise be in the interest of our stockholders; environmental compliance costs and liabilities associated with our real estate investments; our ability to maintain our qualification as a REIT; changes to U.S. federal income tax laws, and potential deferred and contingent tax liabilities from corporate acquisitions; calculating non-REIT tax earnings and profits distributions; ownership limits in our charter that restrict ownership in our stock; the loss or limited availability of our key personnel; our reliance on information technology systems and the potential impact of system failures, disruptions or breaches; and other risks and uncertainties described from time to time in our Securities and Exchange Commission filings. Except as required by law, we do not undertake, and hereby disclaim, any obligation to update any forward-looking statements, which speak only as of the date on which they are made.
CONTACT
Andrew Johns, CFA
Senior Vice President – Investor Relations
720-428-5400
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SOURCE Healthpeak Properties, Inc. | https://www.wibw.com/prnewswire/2022/08/02/healthpeak-properties-reports-second-quarter-2022-results/ | 2022-08-02T21:35:54Z |
Man charged after smashing 18 cars at dealership with ax, police say
Published: Jul. 20, 2022 at 4:09 PM CDT|Updated: 26 minutes ago
SIOUX FALLS, S.D. (KSFY/Gray News) – A man was charged after police say he took an ax to 18 cars at a dealership in South Dakota, causing six figures in property damage.
Joseph Blackbonnet, 32, was charged with aggravated intentional damage to property.
Sioux Falls police received multiple calls around 9 p.m. Tuesday concerning a man who was using an ax to smash the windows of vehicles for sale at the dealership.
When officers arrived, they located Blackbonnet at the dealership and said he still had the ax with him. Officers took Blackbonnet into custody.
Officials estimate the damage to be at least $100,000.
Police did not release a motive or further details.
Copyright 2022 KSFY via Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/07/20/man-charged-after-smashing-18-cars-dealership-with-ax-police-say/ | 2022-07-20T21:36:13Z |
First of five facilities to open in fourth quarter of 2022 in Pennsylvania
LOS ANGELES, June 29, 2022 /PRNewswire/ -- HPC Industries LLC and Macquarie Group's Commodities and Global Markets group (Macquarie) have formed a joint venture to produce recycled polyethylene terephthalate (rPET). Under the name Circularix, the venture's plans include building and operating five recycling facilities across the U.S. with a total annual production capacity of more than 275 million pounds of rPET resin. The first facility, located in Hatfield, PA, is expected to be operational by December 2022. Leon Farahnik is chairman and CEO of Circularix. Alex Delnik, former CEO and founder of Verdeco Recycling, will serve as president and Chief Operating Officer. In addition to its investment as a partner in the joint venture, Macquarie is assisting Circularix with project debt, equipment finance, FX hedging and other risk management solutions to support its future growth.
"Consumer brands are struggling to meet their sustainability goals as current rPET supply is unable to scale as needed," Farahnik said. "Our move into rPET production is the beginning of a major and much-needed capacity expansion in the United States, and we are excited to continue playing an important role in the plastics recycling industry by uniting our experience with Macquarie's."
Macquarie is a leading provider of risk management, market access and capital and financing solutions to the petrochemicals industry and has played a leading role in environmental product markets, sustainable infrastructure and the waste sector around the world for more than 15 years. Macquarie formed its Sustainable Waste Solutions team in 2020 to provide finance and growth capital solutions to clients in the waste sector, with a focus on helping facilitate the transition to a circular economy.
Ben Glover, Executive Director in Macquarie's Specialized and Asset Finance division, said: "We are delighted to support our clients in delivering the practical infrastructure needed to expand production capacity for post-consumer recycled materials. Ventures such as Circularix are a key part of the supply chain that will drive more post-consumer material back into higher value recycled packaging markets."
About HPC Industries LLC: HPC Industries LLC, based in Los Angeles, is a management corporation founded with a commitment to sustainability and a circular economy. Its chairman, Leon Farahnik, is a leader and innovator in post-consumer plastics recycling with more than 40 years in the plastic industry. HPC has established and operated numerous pioneering operations and facilities including CarbonLITE Recycling, which Farahnik developed into the world's largest recycler of plastic beverage bottles. More information: Circularix.com.
About Macquarie Group: Founded in 1969, Macquarie Group is a global financial services group and employs over 18,000 people in 33 markets. Commodities and Global Markets (CGM), an operating group of Macquarie, has more than 40 years of partnering with our clients to provide capital and financing, risk management, market access, and physical execution and logistics solutions across commodities, financial markets and asset finance sectors. For further information, visit www.macquarie.com.
Photo of the Pennsylvania plant upon request.
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SOURCE Circularix | https://www.wibw.com/prnewswire/2022/06/29/circularix-macquarie-group-build-operate-pet-recycling-plants-across-us/ | 2022-06-29T18:08:41Z |
AwardCodes create a memorable recognition & reward experience for employees everywhere—whether they're at a desk or not.
PROVO, Utah, Aug. 30, 2022 /PRNewswire/ -- Awardco, the employee recognition and rewards company that builds culture through value-driven recognition, announced a new product today called AwardCodes to help employers recognize and reward all their employees—including their offline, seasonal, and field workforce.
With this new product, Awardco continues to evolve its already dynamic platform by making employee rewards and recognition more inclusive and easier than ever. AwardCodes are customizable codes that can be given to any employee for offline recognition. Upon scanning the AwardCode, points are automatically deposited into their account for immediate redemption on Awardco's vast reward network of millions of items and experiences.
AwardCodes allow any organization to create a memorable recognition and reward experience that is easy to use for any employee. AwardCodes can be used to reward contest winners, facilitate giveaways, incentivize participation, or help build relationships through on-the-spot recognition at any time for any employee.
AwardCodes also provide organizations whose reward programs are dependent on gift cards with a more effective and efficient way to motivate and thank their employees. AwardCodes remove the need to allocate a large sum to purchase gift cards that go undistributed or unused. Usage and redemption rates are all tracked in the Awardco platform, so reward budgets are used exactly where they should be: on rewarding good work.
"AwardCodes are an incredible innovation in the rewards and recognition space," said Awardco founder and CEO Steve Sonnenberg. "Custom-designed AwardCodes can curate a company-specific experience and can be used any time, anywhere. Driving behavior and building culture in an organization is easier than ever as leaders utilize AwardCodes to recognize their employees no matter if they work online or off."
AwardCodes will continue to evolve and provide new avenues for leaders to recognize, reward, and retain their workforce no matter the economic climate.
About Awardco
Awardco incentivizes behavior and builds workplace culture through value-driven recognition and rewards. It's the only employee recognition and total rewards platform to be a featured partner with Amazon Business to offer the power of Amazon for any size organization's incentive programs. Awardco is the largest reward network on the planet — all with zero markups. For more information, visit us online at award.co/offline-recognition.
Media Contact: Sam Stroman, sams@awardco.com
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SOURCE Awardco | https://www.wibw.com/prnewswire/2022/08/30/awardco-pioneers-better-offline-recognition-with-awardcodes-new-employee-recognition-experience/ | 2022-08-30T15:52:08Z |
BIOTRONIK Launches its Pulsar-18 T3 Self-Expanding Stent System in the U.S.
LAKE OSWEGO, Ore., July 26, 2022 /PRNewswire/ -- BIOTRONIK, LAKE OSWEGO, USA, announced that it received U.S. Food and Drug Administration (FDA) approval of its innovative Pulsar®-18 T3 peripheral self-expanding stent system for an improved implantation procedure for endovascular treatments. The company also announced the full U.S. commercial launch of the device, which will begin in early August.
The Pulsar-18 T3 stent system uniquely combines three technologies. A 4-French low-profile delivery system may decrease the risk of access site complications and reduce the need for closure devices when compared to 6-French devices1. The tri-axial system with braided shaft design facilitates stable and accurate implantation of the clinically proven Pulsar stent. With its thin struts and low chronic outward force (COF)2,3,4 the Pulsar-18 stent contributes to a reduced mean area of restenosis3,4.
The redesigned Pulsar-18 T3 stent system offers physicians an intuitive and ergonomic wheel-operated handle for one-handed stent release enhancing the ability to control deployment.
"I was immediately impressed by the new concept of the Pulsar-18 T3 system," said Dr. Koen Deloose, Head of the Department of Vascular Surgery AZSint Blasius Hospital Dendermonde, Belgium. "The combination of having a very ergonomic handle combined with a tri-axial system and also everything in a 4-French concept was, for me, quite unique."
While the stent system has been redesigned with new features to enhance deployment, it builds on the established Pulsar stent performance. Data highlights the long-term safety and efficiency of the Pulsar stent, showing freedom from target lesion revascularization rate of 89.3%* and no major target limb amputations at 24 months.5
"The Pulsar-18 T3 stent system is an innovative solution that delivers clinically proven performance – providing effective therapy that is easy to use for physicians while minimizing metal burden and may reduce the risk of restenosis for patients," stated David Hayes, M.D., Chief Medical Officer, BIOTRONIK, Inc.
BIOTRONIK will offer the Pulsar-18 T3 in up to a 200 mm stent length for treatment of long lesions.
The Pulsar-18 T3 stent system is indicated for use to improve luminal diameter in patients with symptomatic de novo, restenotic or occlusive lesions located in the superficial femoral or proximal popliteal arteries, with reference vessel diameters from 3.0 to 6.0 mm and total lesion lengths up to 190 mm**.
References:
1 M.Bosiers et al. 4-French-compatible endovascular material is safe and effective in the treatment of femoropopliteal occlusive disease: results of the 4-EVER trial. J Endovasc Ther. 2013;20:746-756.
2 BIOTRONIK data on file.
3 Funovics M. Differences in clinical outcomes of low COF stent vs high COF stent proven in clinical practice. BIOFLEX COF, presented at CIRSE, 8.Sep.2019.
4 Zhao HQ et al. Late stent expansion and neointimal proliferation of oversized nitinol stents in peripheral arteries. Cardiovasc Interv Radiol. 2009;32;720-726.
5 Lichtenberg M et al. Effectiveness of the Pulsar-18 self-expanding stent with optional drug-coated balloon angioplasty in the treatment of femoropopliteal lesions – the BIOFLEX PEACE all-comers registry. Vasa. 2019;48:425-432.
*Stent-only group
** For indications please see Instructions For Use.
Pulsar is a trademark or registered trademark of the BIOTRONIK Group of Companies.
BIOTRONIK is a leading medical device company that has been developing trusted and innovative cardiovascular and endovascular solutions for more than 50 years. Driven by a purpose to perfectly match technology with the human body, BIOTRONIK innovations deliver care that saves and improves the lives of millions diagnosed with heart and blood vessel diseases every year. BIOTRONIK is headquartered in Berlin, Germany, and represented in over 100 countries.
For more information, visit: https://www.biotronik.com/en-us/products/peripheral/pulsar-18T3
Twitter: @BIOTRONIK_News
LinkedIn: www.linkedin.com/company/biotronik
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SOURCE BIOTRONIK | https://www.mysuncoast.com/prnewswire/2022/07/26/first-only-peripheral-tri-axial-4-french-low-profile-self-expanding-stent-system-receives-fda-approval/ | 2022-07-26T17:53:07Z |
VANCOUVER, BC, Aug. 9, 2022 /PRNewswire/ - Elevation Gold Mining Corp. (TSXV: ELVT) (OTCQX: EVGDF) (the "Company" or "Elevation Gold") announces that Michael G. Allen has stepped down as President of the Company, effective immediately. Elevation Gold would like to thank Mr. Allen for his contributions and wishes him well in his future endeavors.
The Company's current Chief Operating Officer, Tim Swendseid, has been appointed President of Elevation Gold Mining Corp. effective immediately.
Douglas J. Hurst, Chairman and Director of Elevation Gold, stated, "The Board of Directors is very pleased to welcome Mr. Swendseid to his new role of President of the Company. Tim is an experienced mining professional with proven accomplishments in complex operations. He is a strong mentor, a champion of safe operations and is the ideal candidate to advance the Company's growth and strategic objectives. Under Tim's leadership as COO, the Moss Mine has witnessed improved fragmentation, increased crusher throughput and the successful construction of Leach Pad 2C."
Mr. Swendseid has over 35 years of worldwide experience in operating, technical and financial aspects of mining projects. Prior to joining the Company at the end of 2021, Tim held senior industry management positions including Chief Operating Officer of Boroo Mining Company, SVP Operations and Technical at CMOC International, President of Consulting Services, Americas at RPM Global, General Manager for the Mulatos Mine at Alamos Gold, VP Engineering at Frontera Copper and various management and technical roles at Phelps Dodge Corp. Tim holds a B. S. in Mining Engineering from Montana Tech, an MBA from the University of Arizona and is a CFA Charterholder.
Tim Swendseid, President of Elevation Gold, stated "I am excited to continue working with the Elevation Gold team to realize a strong future due to improved ore grade from East Pit, the completion of 2022's major capital projects and improved understanding of the Moss Mine orebody. The mature staff at the Moss Mine, including the new General Manager, the management team and the entire workforce are highly experienced and continue to perform exceptionally."
ON BEHALF OF THE BOARD
"Douglas J. Hurst"
Douglas J. Hurst, Chairman and Director
Elevation Gold is a publicly listed gold and silver producer, engaged in the acquisition, exploration, development and operation of mineral properties located in the United States. Elevation Gold's common shares are listed on the TSX Venture Exchange ("TSXV") in Canada under the ticker symbol ELVT and on the NASDAQ OTC in the United States under the ticker symbol EVGDF. The Company's principal operation is the 100% owned Moss Mine in the Mohave County of Arizona. Elevation also holds the title to the Hercules exploration property, located in Lyon County, Nevada.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain of the statements made and information contained herein is "forward-looking information" within the meaning of applicable Canadian securities laws. All statements other than statements of historical facts included in this document constitute forward-looking information, including but not limited to statements regarding the Company's plans with respect to appointing a new President. Words such as "believe", "expect", "anticipate", "contemplate", "target", "plan", "goal", "aim", "intend", "continue", "budget", "estimate", "may", "will", "can", "could", "should", "schedule" and similar expressions identify forward-looking statements. All of the forward-looking statements made in this document are qualified by these cautionary statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, forecast or intended and readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Accordingly, there can be no assurance that forward-looking information will prove to be accurate and forward-looking information is not a guarantee of future performance. Readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this document. The Company disclaims any intention or obligation to update or revise forward–looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law.
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SOURCE Elevation Gold Mining Corp. | https://www.mysuncoast.com/prnewswire/2022/08/09/elevation-gold-announces-management-change/ | 2022-08-09T21:18:59Z |
You’re in the midst of a pandemic, and there’s not a whole lot going on. What do you do?
If you’re like most Americans, you snack. A lot.
You’re in the midst of a pandemic, and there’s not a whole lot going on. What do you do?
If you’re like most Americans, you snack. A lot.
According to a new survey by Wisevoter, a bipartisan educational platform, Americans’ snacking habit has seen a rise since the pandemic, and the snacking continues to grow in 2022 with an increase of 13% compared to last year. Most Americans like their pantry stocked with sweet and salty snacks, and 41% indulge in two snacks a day while 24% indulge in three snacks a day.
Wisevoter delved into America’s favorite snacks per state and found out that 23 states prefer salty snacks, while sweet snacks came out on top for 13 states. Doritos is America’s favorite snack by winning in 23 states as the most popular snack brand, including Georgia.
As America’s love for snacking continues to grow, Wisevoter decided to delve into America’s favorite snack by state. Doritos won the hearts of 23 states and thus the title of America’s favorite snack, beating M&M, which is loved in 13 states. Georgians joined the winning team by choosing Doritos as their favorite snack. M&Ms came in second in the Peach State, Cheetos third, Fritos fourth and Kettle fifth.
In addition to our home state, Doritos were the preferred snack in pretty much the entire southern portion of the country, topping the palates of Floridians, Alabamans, Mississippians, Louisianans, Tennesseans, North Carolinians, Virginians, Kentuckians and Missourians. The lone Southern state whose palate did not crave Doritos? South Carolinians chose M&Ms as their favorite treat.
In addition to the 23 states that preferred Doritos and the 13 that chose M&Ms, five selected Cheetos as their favorite, four Fritos and one Kettle.
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LAKE FOREST, Calif., July 13, 2022 /PRNewswire/ -- BIOLASE, Inc. (NASDAQ: BIOL), the global leader in dental lasers, today announced a pilot program with Einstein Healthcare Network's residency in General Dentistry to train General Dentist residents in the use of Waterlase dental laser technology. The goal of the program is to offer residents hands-on experience with dental lasers that are becoming the gold standard of care in dentistry, allowing residents to immediately implement this technology when they enter their future practice.
"BIOLASE has a deep commitment to training the next generation of dental professionals," said John Beaver, BIOLASE's President and Chief Executive Officer. "It is important for us to live out our mission of advancing dentistry by empowering the next generation of dentists from Einstein's residency program. We are honored to be part of not only the residents' future careers by arming them with innovative technologies, but also the future relationships they will build with their patients by offering a less invasive and more positive experience."
Einstein Healthcare Network's residency in General Dentistry is one of the first hospital-based general dentistry programs approved by the American Dental Association. The residency is a 12 to 24 month program that admits eight residents each year, preparing graduates to practice, teach and conduct independent research.
"We are committed to actively seeking out ways to help our residents feel fully equipped to enter into general dentistry practice after leaving our program," said Dr. George Souliman, Program Director of Postdoctoral General Dentistry Department at Albert Einstein Center in Philadelphia. "Partnering with BIOLASE to integrate laser assisted general dentistry training early on in our residents' careers allows us to tighten the learning curve, which can positively impact a practice's bottom line and ultimately provide a better patient experience overall."
Waterlase dental laser systems offer many benefits for general dentists, from faster procedures to new treatment options. Educating general dentists about the benefits of dental lasers is part of BIOLASE's continued effort to help improve patient experiences and outcomes. Learn more about the benefits of laser dentistry at biolase.com.
Einstein Healthcare Network is a healthcare system with approximately 1,000 beds and more than 8,700 employees serving the communities of Philadelphia and Montgomery County, Pa. The Network is made up of three acute care hospitals including Einstein Medical Center Philadelphia, the largest independent academic medical center in the Philadelphia region training over 3,500 health professional students each year with more than 450 residents and fellows in over 35 accredited programs; Einstein Medical Center Elkins Park; and Einstein Medical Center Montgomery. The Network also includes MossRehab, consistently ranked by U.S. News & World Report as a top rehabilitation hospital in the nation; Willowcrest, named by U.S. News & World Report as one of the best nursing homes for short-term rehabilitation care in Philadelphia; outpatient care centers; and a network of more than 900 primary care physicians and specialists throughout the region. For more information, visit www.einstein.edu.
BIOLASE is a medical device company that develops, manufactures, markets, and sells laser systems in dentistry and medicine. BIOLASE's products advance the practice of dentistry and medicine for patients and healthcare professionals. BIOLASE's proprietary laser products incorporate approximately 301 patented and 32 patent-pending technologies designed to provide biologically and clinically superior performance with less pain and faster recovery times. BIOLASE's innovative products provide cutting-edge technology at competitive prices to deliver superior results for dentists and patients. BIOLASE's principal products are revolutionary dental laser systems that perform a broad range of dental procedures, including cosmetic and complex surgical applications. BIOLASE has sold over 43,300 laser systems to date in over 80 countries around the world. Laser products under development address BIOLASE's core dental market and other adjacent medical and consumer applications.
For updates and information on Waterlase iPlus®, Waterlase Express™, and laser dentistry, find BIOLASE online at www.biolase.com, Facebook at www.facebook.com/biolase, Twitter at www.twitter.com/biolaseinc, Instagram at www.instagram.com/waterlase_laserdentistry, and LinkedIn at www.linkedin.com/company/biolase.
BIOLASE®, Waterlase® and Waterlase iPlus® are registered trademarks of BIOLASE, Inc.
This press release contains forward-looking statements, as that term is defined in the Private Litigation Reform Act of 1995, that involve significant risks and uncertainties. Forward-looking statements can be identified through the use of words such as may," "might," "will," "intend," "should," "could," "can," "would," "continue," "expect," "believe," "anticipate," "estimate," "predict," "outlook," "potential," "plan," "seek," and similar expressions and variations or the negatives of these terms or other comparable terminology. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect BIOLASE's current expectations and speak only as of the date of this release. Actual results may differ materially from BIOLASE's current expectations depending upon a number of factors. These factors include, among others, those risks and uncertainties that are described in the "Risk Factors" section of BIOLASE's annual report filed on Form 10-K filed with the Securities and Exchange Commission. Except as required by law, BIOLASE does not undertake any responsibility to revise or update any forward-looking statements.
EVC Group LLC
Michael Polyviou / Todd Kehrli
(732) 933-2754
mpolyviou@evcgroup.com / tkehrli@evcgroup.com
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SOURCE BIOLASE, Inc. | https://www.kxii.com/prnewswire/2022/07/13/biolase-announces-training-initiative-with-einstein-healthcare-networks-general-dentistry-residency-program/ | 2022-07-13T11:29:49Z |
(NEXSTAR) – There isn’t a single state in America where a minimum-wage worker can afford the average two-bedroom apartment, according to the latest report from the National Low Income Housing Coalition.
The NLIHC’s 2022 Out of Reach report, released last week, aims to highlight the disparity between earnings and rent for the average low-wage worker, according to the organization. This year, the report indicates that median rental costs for two-bedroom apartments in U.S. metropolitan counties had jumped 15% between the first quarters of 2021 and 2022 — or more than four times the increases observed over the last several years.
The problem isn’t limited to metro areas, either.
“In no state, metropolitan area, or county in the U.S. can a worker earning the federal or prevailing state or local minimum wage afford a modest two-bedroom rental home at fair market rent by working a standard 40-hour work week,” the report states.
One-bedroom apartments, too, were determined to be unaffordable for low-wage workers in all but 9% of U.S. counties.
For the purposes of its report, the NLIHC defined “affordability” as costing no more than 30% of a tenant’s income (rent and utilities), based on the U.S Department of Housing and Urban Development’s definition of fair market rent. In dollar amounts, that means the average U.S. worker would need to earn $25.82 per hour to afford a two-bedroom apartment, or $21.25 for a single-bedroom apartment, the NLIHC determined.
But that’s just the national average; some states have significantly higher “housing wages” — i.e., the estimated full-time wage a renter must earn to afford a modest rental property by HUD standards. In Hawaii, for instance, the “housing wage” is $40.63 per hour for two-bedroom, while the housing wages in California ($39.01 per hour), Massachusetts ($37.97), New York ($37.72) and Washington, D.C. ($34.33) weren’t far behind, according to the report.
The average housing wage in the most “affordable” states, meanwhile, were determined to be in Arkansas ($14.89 per hour), where the basic minimum wage is $11, followed by West Virginia ($15.38), Mississippi ($15.67), South Dakota ($16.11) and Kentucky ($16.18). Puerto Rico was the only territory with a lower housing wage ($9.88).
The NLIHC’s report also indicated that Black and Latino workers were most likely to be affected by the wage/rental disparities, as “they are more likely at all income levels to be renters.”
“With rents rising rapidly, homelessness worsening, and millions of families struggling to stay housed, federal investments in expanding proven solutions – like Housing Choice Vouchers, the national Housing Trust Fund, and public housing – are badly needed and long overdue,” said NLIHC President and CEO Diane Yentel in a press release issued along with the 2022 Out of Reach report. “As a country, we have the data, partnerships, expertise, solutions, and means to end homelessness and housing poverty – we lack only the political will to fund solutions at the scale necessary.”
The National Low Income Housing Coalition, founded in 1974, is a non-profit organization committed to advocating for federally assisted housing resources.
More information on the 2022 Out of Reach report, including state-specific data, can be found at NLIHC.org. | https://cw33.com/news/nexstar-media-wire/how-much-do-us-renters-need-to-earn-to-afford-a-modest-apartment-in-each-state/ | 2022-08-06T14:32:32Z |
Online program provides critical training to launch rewarding careers in technology
DOWNERS GROVE, Ill. , May 17, 2022 /PRNewswire/ -- CompTIA, the nonprofit association for the IT industry and workforce, announced today that CompTIA Tech Career Academy (CTCA) is now accredited by the Accrediting Council for Continuing Education & Training (ACCET).
This recognition is the result of a comprehensive, multi-year analysis to ensure that CTCA's IT-Ready Technical Support (Online) Program, a 16-week course that prepares students for employment opportunities in IT, meets the rigorous educational standards of quality set by ACCET.
ACCET has been officially recognized by the U.S. Department of Education since 1978 as a "reliable authority as to the quality of education or training provided by the institutions of higher education and the programs they accredit."
"Earning institutional accreditation means a great deal to CompTIA Tech Career Academy and to the students we serve," said Nancy Hammervik, CEO of CompTIA Tech Career Academy. "It's a signal to our students that they are receiving a verified, top-quality education. Accreditation can be viewed as a quality control measure that ensures our students are receiving the best."
With accreditation, CompTIA Tech Career Academy will move its website (comptiatech.org) to the ".edu" domain, which is only awarded to accredited institutions and another signal that CTCA is a verified education provider.
Accredited institutions are eligible to seek approval for federal student aid monies, such as Pell Grants, Stafford Loans, Perkins Loans, and Guaranteed Student Loans.
"The demand for trained IT professionals continues to increase," Hammervik said. "CompTIA's core mission is to advance the tech industry and its workforce. CompTIA Tech Career Academy is now positioned to expand our reach to a broader population so we can train more people and help more organizations of all sizes meet their needs for well-trained workers."
The IT-Ready Technical Support (Online) Program focuses on technology hardware and software skills ranging from building a computer from scratch to setting up and managing a network. Students also receive targeted professional development to refine critical business skills, such as communication, conflict management, teamwork, critical thinking and problem-solving. Following completing the course, students sit for the CompTIA A+ certification exam, a vendor-neutral professional certification that is the IT industry's preferred qualifying credential for entry-level tech jobs.
CompTIA Tech Career Academy offers its students career placement services with opportunities to connect with a network of more than 400 employer partners. Financial assistance options, including grants for qualifying students, low-interest loans and self-payment plans, are available for those who qualify. [1]
Complete information on the CompTIA Tech Career Academy, including the online application form, is available at https://www.comptiatech.org/admissions/apply.
About CompTIA Tech Career Academy A non-profit organization, CompTIA Tech Career Academy trains and prepares adults for certification and success in IT jobs. Its sole motivation is to help students land and thrive in IT jobs to grow the tech workforce. CTCA is a subsidiary of Creating IT Futures Foundation, a workforce philanthropic organization of the nonprofit and internationally respected tech trade association CompTIA. Learn more at CompTIATech.org.
About CompTIA
The Computing Technology Industry Association (CompTIA) is a leading voice and advocate for the $5 trillion global information technology ecosystem; and the estimated 75 million industry and tech professionals who design, implement, manage, and safeguard the technology that powers the world's economy. Through education, training, certifications, advocacy, philanthropy, and market research, CompTIA is the hub for advancing the tech industry and its workforce. Visit https://www.comptia.org/.
Media Contact
Roger Hughlett
rhughlett@comptia.org
+1 202-503-3644
[1] CompTIA Tech Career Academy (CTCA) does not guarantee placement or employment to its applicants, students, or graduates. CTCA instructors and staff are advised to ensure that no such guarantee is ever made or implied in any advertising, brochures, and statements to applicants, students, and graduates.
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SOURCE CompTIA | https://www.wibw.com/prnewswire/2022/05/17/comptia-tech-career-academy-accredited-by-accrediting-council-continuing-education-amp-training/ | 2022-05-17T13:40:03Z |
PUTNAM, Conn. (AP) — Even as numerous Republican-governed states push for sweeping bans on abortion, there is a coinciding surge of concern in some Democratic-led states that options for reproductive health care are dwindling due to expansion of Catholic hospital networks.
These are states such as Oregon, Washington, California, New York and Connecticut, where abortion will remain legal despite the U.S. Supreme Court’s recent ruling overturning Roe v. Wade.
Concerns in these blue states pertain to such services as contraception, sterilization and certain procedures for handling pregnancy emergencies. These services are widely available at secular hospitals but generally forbidden, along with abortion, at Catholic facilities under the Ethical and Religious Directives set by the U.S. Conference of Catholic Bishops.
The differing perspectives on these services can clash when a Catholic hospital system seeks to acquire or merge with a non-sectarian hospital, as is happening now in northeastern Connecticut. State officials are assessing a bid by Catholic-run Covenant Health to merge with Day Kimball Healthcare, an independent, financially struggling hospital and health care system based in the town of Putnam.
“We need to ensure that any new ownership can provide a full range of care — including reproductive health care, family planning, gender-affirming care and end-of-life care,” said Connecticut Attorney General William Tong, a Democrat.
Lois Utley, a specialist in tracking hospital mergers, said her organization, Community Catalyst, has identified more than 20 municipalities in blue or purple states where the only acute care hospitals are Catholic.
“We are definitely sliding backwards in terms of comprehensive reproductive health,” Utley said. “Catholic systems are taking over many physician practices, urgent care centers, ambulatory care centers, and patients seeking contraception won’t be able to get it if their physician is now part of that system.”
According to the Catholic Health Association, there are 654 Catholic hospitals in the U.S., including 299 with obstetric services. The CHA says more than one in seven U.S. hospital patients are cared for in a Catholic facility.
The CHA’s president, Sister Mary Haddad, said the Catholic hospitals provide a wide range of prenatal, obstetric and postnatal services while assisting in about 500,000 births annually.
“This commitment is rooted in our reverence for life, from conception to natural death,” Haddad said via email. “As a result, Catholic hospitals do not offer elective abortions.”
Protocols are different for dire emergencies when the mother “suffers from an urgent, life-threatening condition during pregnancy,” Haddad said. “Catholic health clinicians provide all medically indicated treatment even if it poses a threat to the unborn.”
This approach is now being mirrored in several states imposing bans that allow abortions only to save a mother’s life. There is concern that doctors governed by such bans — whether a state law or a Catholic directive — may endanger a pregnant woman’s health by withholding treatment as she begins to show ill effects from a pregnancy-related problem.
In California, Democratic state Sen. Scott Wiener is among those warily monitoring the proliferation of Catholic health care providers, who operate 52 hospitals in his state.
The hospitals provide “superb care to a lot of people, including low-income communities,” Wiener said. But they “absolutely deny people access to reproductive health care as well as gender-affirming care (for transgender people).”
“It’s the bishop, not professional standards, that are dictating who can receive what health care,” Wiener said. “That is scary.”
Charles Camosy, professor of medical humanities at the Creighton University School of Medicine, says critics of the mergers fail to acknowledge a major benefit of Catholic health care expansion.
“These mergers take place because Catholic institutions are willing to take on the really hard places where others have failed to make money,” he said. “We should focus on what these institutions are doing in a positive way — stepping into the breach where virtually no one else wants to go, especially in rural areas.”
That argument has resonance in mostly rural northeast Connecticut, where Day Kimball serves an aging population of about 125,000.
Kyle Kramer, Day Kimball’s CEO, said the 104-bed hospital has been seeking a financial partner for more than seven years and would soon face “very serious issues” if it had to continue on its own.
Regarding the proposed merger, he said, “Change is always difficult.”
However, he said Day Kimball’s providers would remain committed to comprehensive health care if the merger proceeds, seeking to ensure that patients are informed of all options when it comes to such matters as contraception, miscarriages and ectopic pregnancies.
As for abortions, Kramer said Day Kimball had never performed them for the sole purpose of ending a pregnancy and would continue that policy if partnering with Covenant.
Despite the assurances, some residents are concerned that the region’s only hospital would become Catholic-owned. Some merger opponents protested outside the hospital last Monday.
“The public is being told if you don’t take Covenant, you won’t have a hospital at all,” said Elizabeth Canning of Pomfret, Connecticut. “Which is, of course, frightening. So people go, ‘Okay, well, we’ll take them. … It’s better than nothing.’”
“I’ve had wonderful care here. That’s not my objection,” Canning continued. “I don’t want any religion involved in my health care.”
Sue Grant Nash, a retired Day Kimball hospice social worker from Putnam, described herself as religious but said she doesn’t believe people’s values should be imposed on others.
“Very important articles of faith that Catholics may have, and I respect completely, shouldn’t impact the quality of health care that is available to the public,” she said.
There have been related developments in other states.
—In Washington, Democratic state Sen. Emily Randall plans to re-introduce a bill that would empower the attorney general to block hospital mergers and acquisitions if they jeopardize “the continued existence of accessible, affordable health care, including reproductive health care.” Gov. Jay Inslee says he is in support of such a measure.
The state has already passed a bill that bars the state’s religious hospitals from prohibiting health care providers from providing medically necessary care to hasten miscarriages or end nonviable pregnancies, like ectopic pregnancies. Under the new law, patients can sue a hospital if they are denied such care, and providers can also sue if they are disciplined for providing such care.
—In Oregon, the state has new authority to bar religious hospitals from acquiring or merging with another health care entity if that means access to abortion and other reproductive services would be reduced. A law that took effect March 1 requires state approval for mergers and acquisitions of sizable health care entities.
Thirty percent of acute care beds in the state are controlled by systems that restrict access to these services, according to Katie Shriver of the Service Employees International Union, who testified in support of the bill last year.
The law also allows the state to consider end-of-life options allowed by hospitals seeking to establish a footprint or expand in Oregon, which in 1994 became the first state to legalize medical aid in dying.
—In Newport Beach, California, Hoag Memorial Hospital Presbyterian divorced itself from a large Catholic health system earlier this year. The separation from Providence Health & Services, which runs 52 hospitals across seven states, came after a years-long legal battle.
In a 2020 lawsuit, Hoag said it was a “captive affiliate” of Providence, which is headquartered more than 1,000 miles away in Washington state. Hoag was founded as a Presbyterian institution in 1952.
In 2013, Hoag joined with St. Joseph Health, a local Catholic hospital chain, aspiring to broaden access to health care in its area. In 2016, Providence Health absorbed St. Joseph along with Hoag.
Hoag’s doctors questioned Providence’s move to standardize treatment decisions across its hospitals and also balked at restrictions on reproductive care. In 2014 then-Attorney General Kamala Harris approved the health systems’ affiliation on condition that Hoag would not be bound by Catholic health directives.
Hoag’s lawsuit said its “Presbyterian beliefs, values and policies have been compromised due to restrictions within the larger Catholic system.”
— In New York, two Democratic legislators proposed a bill this year that would have required the state’s health department to publish a list of health services that are unavailable at each general hospital so patients can be better informed.
The lawmakers said the legislation, which failed, was needed to address “health care deserts” where hospitals have closed or merged with religiously affiliated entities and reproductive care and other health services have been lost.
The New York Civil Liberties Union, which has raised concerns about hospitals in Schenectady and Lockport affiliating with Catholic entities, says some New York patients have had difficulty obtaining miscarriage services and birth control pills from Catholic providers.
___
Crary reported from New York. Associated Press reporters Rachel La Corte in Olympia, Washington; Andrew Selsky in Salem, Oregon; Adam Beam in Sacramento, California; and Deepa Bharath in Los Angeles contributed.
___
Associated Press religion coverage receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. | https://cw33.com/health/ap-health/catholic-hospitals-growth-impacts-reproductive-health-care/ | 2022-07-24T19:31:16Z |
OYSTER BAY, N.Y., Aug. 24, 2022 /PRNewswire/ -- As the world emerges from the global pandemic, retail is growing at levels not seen in the last two decades. Retail sales grew by 7% in 2020 and by over 14% in 2021, which is in stark contrast to the 3.7% annual growth between 2010 and 2019. The increased demand for retail has put a strain on supply chains and retail operations worldwide. As a result, retailers and stakeholders are turning to automation solutions such as mobile robotics for operational ease. According to global technology intelligence firm ABI Research, worldwide commercial robot revenue in retail stores will have a Compounded Annual Growth Rate (CAGR) of over 25% from 2022 to 2030 and exceed US$8.4 billion by 2030.
"There is the continued adoption of diverse technologies in the retail space. We can see incoming retail solutions within various points of the retail value chain, such as order fulfillment, in-store inventory check, coordination between store associates, or last-mile delivery. These solutions can directly or indirectly impact the wider supply chain management to retailers for the better," explains Adhish Luitel, Senior Analyst, Supply Chain Management and Logistics at ABI Research.
Technologies such as contactless checkout, in-store mobile robotics, wearables, and smart carts are getting a lot of traction, with major retailers adopting these incoming solutions to enhance operations and contribute to a more streamlined supply chain management. Companies like Zebra Technologies, Simbe Robotics, and Seoul Robotics have been providing various automation solutions such as wearable computers, handheld devices, LiDAR devices, and in-store robots that can be used for inventory scanning, floor care, or security purposes. While companies such as Mashgin and Cloudpick offer frictionless checkout in stores by combining proprietary computer vision, deep learning, sensor fusion, and edge computing technologies.
"Given their obvious operational benefits of enhanced customer experience, streamlined task/employee management, price management, or automated item monitoring, the impact of these technologies on the wider supply chain management for retailers can't be understated. Beyond enabling rapid fulfillment/restocking or automated inventory management, these technologies also provide additional data points for precise demand and procurement planning. This can also lead to an enhanced omnichannel presence for retailers and stronger partnerships with suppliers, shippers, distribution center operators, and other supply chain stakeholders through enhanced communication and synergy," Luitel concludes.
These findings are from ABI Research's Digital Transformation of the Retail Supply Chain technology analysis report. This report is part of the company's Supply Chain Management & Logistics research service, which includes research, data, and ABI Insights. Based on extensive primary interviews, Application Analysis reports present an in-depth analysis of key market trends and factors for a specific technology.
About ABI Research
ABI Research provides actionable research and strategic guidance to technology leaders, innovators, and decision makers around the world. Our research focuses on the transformative technologies that are dramatically reshaping industries, economies, and workforces today. ABI Research's global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors.
ABI Research提供开创性的研究和战略指导，帮助客户了解日新月异的技术。 自1990年以来，我们已与全球数百个领先的技术品牌，尖端公司，具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。
For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.
Contact Info:
Global
Deborah Petrara
Tel: +1.516.624.2558
pr@abiresearch.com
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SOURCE ABI Research | https://www.kxii.com/prnewswire/2022/08/24/revenues-robotics-deployed-retail-stores-cross-us84-billion-by-2030/ | 2022-08-24T14:11:37Z |
Expect continued increase in new COVID-19 deaths, CDC says
Published: Jun. 8, 2022 at 9:40 AM CDT|Updated: 11 minutes ago
(CNN) - The Centers for Disease Control and Prevention predicts the number of new COVID-19 deaths will continue to increase over the next month.
In findings publishing Wednesday, the agency forecasts more than 12,000 deaths over the next four weeks. That would take the average number of deaths every single day from 300 to just over 500.
This is the fourth consecutive week public health experts have predicted an increase.
The study found that COVID-19 hospitalizations will continue to remain stable.
According to data from the Department of Health and Human Services, there are currently over 28,000 hospitalized with COVID-19.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.kxii.com/2022/06/08/expect-continued-increase-new-covid-19-deaths-cdc-says/ | 2022-06-08T14:53:28Z |
CHICAGO, July 25, 2022 /PRNewswire/ -- The American Board of Medical Specialties (ABMS), the leading not-for-profit organization overseeing specialty board certification in the United States, is pleased to announce the election of new members to the Board of Directors, as well as to the Executive Committee, at the ABMS Board of Directors meeting held in late June.
"To ensure ABMS Member Board certification continues to be a trusted indicator of professionalism and proficiency in specialty knowledge and skills, ABMS relies on the expertise and dedication of our exceptional volunteer leaders," stated Richard E. Hawkins, MD, ABMS President and Chief Executive Officer. "These individuals, representing the spectrum of specialty medicine, contribute countless hours to ensure that ABMS board certification delivers real value to the public and the profession."
Elected to serve on the ABMS Board of Directors:
- Michael L. Carius, MD (Chair) – American Board of Emergency Medicine (ABEM)
- Rebecca L. Johnson, MD (Chair-Elect) – American Board of Pathology (ABPath)
- Susan M. Ramin, MD (Secretary-Treasurer) – American Board of Obstetrics and Gynecology (ABOG)
- Larry A. Green, MD (Immediate Past Chair) – America Board of Family Medicine (ABFM)
- Donald J. Palmisano Jr., JD, CAE – Public Member (Chief Executive Officer, American Society for Gastrointestinal Endoscopy)
- Thomas E. Read, MD – American Board of Colon and Rectal Surgery (ABCRS)
Elected to serve on the ABMS Board of Directors Executive Committee:
- Michael L. Carius, MD (Chair) – ABEM
- Rebecca L. Johnson, MD (Chair-Elect) – ABPath
- Susan M. Ramin, MD (Secretary-Treasurer) – ABOG
- Larry A. Green, MD (Immediate Past Chair) – ABFM
- Keith E. Brandt, MD – American Board of Plastic Surgery (ABPS)
- Tara Montgomery, MS – Public Member (Founder and Principal, Civic Health Partners)
- Michael R. Nelson, MD, PhD – American Board of Allergy and Immunology (ABAI)
Established in 1933, the American Board of Medical Specialties (ABMS) is responsible for the creation of standards overseeing physician certification in the United States. Dedicated to improving the quality of care to the patients, families and communities they serve, the 24 ABMS Member Boards develop educational and professional standards and programs of assessment to certify physicians and medical specialists. More than 940,000 physicians and medical specialists are certified by one or more of the ABMS Member Boards in one or more of 40 specialties and 88 subspecialties. For more information about ABMS, visit abms.org or call (312) 436-2600. Top of Form
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SOURCE American Board of Medical Specialties | https://www.mysuncoast.com/prnewswire/2022/07/25/abms-announces-new-board-directors-executive-committee-members/ | 2022-07-25T15:48:08Z |
NEW YORK, June 7, 2022 /PRNewswire/ -- The Kinetix Group (TKG) and Converging Health released some early insights from their collaborative work. The joint research identified an underrecognition of the impact of heavy menstrual bleeding (HMB) and its correlation to overall healthcare costs.
Earlier this year, the two companies announced a collaborative partnership to apply data and expert insights to unmet health needs as well as determine their corresponding cost implications.
John Strapp, co-founder and chairman of The Kinetix Group, said, "Our goal was to accelerate appropriate identification of underrecognized diseases and empower executive leaders to make informed decisions, and we've found our first need – women's health."
Proprietary insights from the collaboration identified that women diagnosed with HMB cost on average $7000 per member per year more than those who do not. In addition, the findings suggested that heavy menstrual bleeding is normalized, under-reported and often leads to other conditions such as iron deficiency and anemia.
"Because this issue gets hidden with nonspecific codes, it goes unrecognized by employers. This collaboration just gave us a burning platform to raise the level of awareness around the burden of heavy menstrual bleeding on women and the cost implications to employers that haven't before been recognized and likely aren't floating to the top of their employee engagement strategies," said Scott Conard, MD, co-founder and partner at Converging Health.
The collaborative's initial focus on women's health also occurred around International Day of Action for Women's Health–a day devoted to organizations or individuals mobilizing around a priority women's health topic best suited to their local context.
For more information about the impact of HMB on women's health, please visit here. For more information on the findings, please contact Mindy Olivarez, vice president of innovation at The Kinetix Group, at mindyo@thekinetixgroup.com.
TKG empowers life science companies to effectively engage with health system and payer customers by developing strategies and real-world solutions aimed at impacting the right patient, at the right time, with the right care. TKG also works directly with health systems and payers to build and implement value-based delivery models for identified patient populations. To learn more, go to www.thekinetixgroup.com.
Converging Health is a healthcare data analytics company that delivers actionable insights to enable informed decisions that improve outcomes clinically and operationally. To learn more, go to https://converginghealth.com.
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SOURCE The Kinetix Group | https://www.mysuncoast.com/prnewswire/2022/06/07/kinetix-group-converging-health-release-early-findings-womens-health-collaborative-partnership/ | 2022-06-07T19:16:50Z |
WASHINGTON (AP) — The U.S. House Committee on Oversight and Reform has accepted an offer for Washington Commanders owner Dan Snyder to testify virtually July 28.
Chairwoman Carolyn B. Maloney wrote a letter to attorney Karen Patton Seymour on Tuesday saying he would be allowed to testify via Zoom under the conditions set out by the committee’s initial subpoena “to ensure that Mr. Snyder’s testimony will be full and complete and will not be restricted in the way it would be if the deposition were conducted voluntarily.”
The committee is set to give Snyder access to exhibitions used in prior depositions and interview transcripts as well as descriptions of redacted information, which were among the elements requested by his representatives in a previous letter. July 28 was also one of their preferred dates after declining several previous invitations.
Snyder did not appear when first invited along with NFL Commissioner Roger Goodell, who testified virtually June 22, with prior obligations and international travel given among the reasons.
His camp has until Wednesday at noon EDT to confirm Snyder will appear before the committee, which launched an investigation into the team’s workplace culture last year after the league did not release a report of its independent review into the organization, which prompted a $10 million fine.
Congress has since looked into accusations of pervasive sexual harassments of women who worked for the team by Snyder and other executives. According to a document released by the committee, Snyder conducted a “shadow investigation” that sought to discredit former employees making accusations of workplace sexual harassment, hired private investigators to intimidate witnesses, and used an overseas lawsuit as a pretext to obtain phone records and emails.
Patton Seymour wrote to the committee last week offering Snyder would be willing to testify voluntarily July 28 or 29. A message sent to a firm representing Snyder was not immediately returned.
___
More AP NFL: https://apnews.com/hub/nfl and https://twitter.com/AP_NFL | https://cw33.com/sports/ap-sports/house-committee-accepts-snyders-offer-to-testify-virtually/ | 2022-07-12T21:14:26Z |
NEW YORK, May 17, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Riskified Ltd. (NYSE: RSKD) alleging that the Company violated federal securities laws.
This lawsuit is on behalf of all persons or entities who purchased Riskified Class A ordinary shares in or traceable to the Company's July 2021 initial public offering.
Lead Plaintiff Deadline: July 1, 2022
No obligation or cost to you.
Learn more about your recoverable losses in RSKD:
https://www.kleinstocklaw.com/pslra-1/riskified-ltd-loss-submission-form?id=27281&from=4
Riskified Ltd. NEWS - RSKD NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Riskified Ltd. made materially false and/or misleading statements and/or failed to disclose that: (i) as Riskified expanded its user base, the quality of Riskified's machine learning platform had deteriorated (rather than improved as represented in documents issued in connection with the July 2021 initial public offering), because of, among other things, inaccuracies in the algorithms associated with onboarding new merchants and entering new geographies and industries; (ii) Riskified had expanded its customer base into industries with relatively high rates of fraud – including partnerships with cryptocurrency and remittance business – in which Riskified had limited experience and that this expansion has negatively impacted the effectiveness of Riskified's machine learning platform; (iii) as a result, Riskified was suffering from materially higher chargebacks and cost of revenue and depressed gross profits and gross profit margins during its third fiscal quarter of 2021; and (iv) thus, the representations in documents issued in connection with the July 2021 initial public offering regarding Riskified's historical financial and operational metrics and purported market opportunities did not accurately reflect the actual business, operations, and financial results and trajectory of Riskified prior to and at the time of the July 2021 initial public offering, and were materially false and misleading, and lacked a factual basis.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Riskified Ltd. you have until July 1, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Riskified Ltd. securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the RSKD lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/riskified-ltd-loss-submission-form?id=27281&from=4.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com
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SOURCE The Klein Law Firm | https://www.wibw.com/prnewswire/2022/05/17/rskd-alert-klein-law-firm-announces-lead-plaintiff-deadline-july-1-2022-class-action-filed-behalf-riskified-ltd-shareholders/ | 2022-05-17T10:39:09Z |
RICHMOND, Va., July 20, 2022 /PRNewswire/ -- In 2017, Energix began acquiring and developing solar projects in Virginia.
In 2020, the United Nations High Commissioner for Human Rights placed Energix on a list of problematic companies because it operates on Israeli occupied lands for commercial benefit. Energix has built solar utilities in the West Bank and wind turbines in the Golan Heights and uses Israeli police protection in clashes with indigenous groups.
According to data gathered by the Virginia Coalition for Human Rights, ten counties and two state agencies in Virginia have pushed back against Energix's worst practices.
- In Wythe County, the Virginia Department of Environmental Quality issued an Enforcement Action and fined Energix $68,250 for environmental violations at its Wytheville Solar site.
- In Buckingham County, the State Water Control Board issued an Enforcement Action and fined Energix $23,772.50 over environmental violations at its Buckingham Solar II site.
- In Rockingham County, neighboring landowners sued the BoS and Energix over the planned 30MW Endless Caverns site because the BoS permitted a project that violated newly passed restrictive solar zoning guidelines.
- In Dinwiddie County, the Board of Supervisors voted down Energix's bid to build the 80 MW "Lily Pond" utility over concerns about the environment.
- In Franklin County, Smith Mountain Lake property owners prompted Energix to withdraw the application for a proposed 20MW Westlake Solar project because of concerns over toxic runoff from its Cadmium Telluride (CdTe) solar panels.
- In Buckingham, Caroline, Chesterfield, Madison, Prince George, and Spotsylvania counties, county officials banned or prohibited the installation of CdTe solar panels that contain toxic heavy metals.
Although Energix predicts a sunny future to its minority shareholders and to county officials, at least six solar projects have been withdrawn, have not been permitted, or have not been submitted to county planning departments.
Perhaps in recognition that its potential to grow in Virginia is limited, Energix has quietly taken over development, production and ownership of the 70 MW Adams Solar project, which is to provide 22 percent of electricity for city-owned buildings in Philadelphia.
Jeanne Trabulsi of the Virginia Coalition for Human Rights (VCHR) presented a March 22 information overview about how Energix is importing its worst overseas practices into the U.S. at the National Press Club in Washington. Her contact is: vacoalition4hr@gmail.com.
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SOURCE Virginia Coalition for Human Rights | https://www.mysuncoast.com/prnewswire/2022/07/20/israels-energix-renewable-energies-fined-over-90000-virginia-environmental-violations/ | 2022-07-20T13:54:50Z |
SHANGHAI, July 25, 2022 /PRNewswire/ -- Yunhanxincheng (shanghai) Internet and Technology Co., Ltd. ("Yunhanxincheng) recently kicks off the cooperation with C&K as its authorized distributor. The joint branding names, services and network advantages will add value in product supply, cost-effectiveness, and FAE technical support through user experiences.
About C&K
Since its formation in 1928, C&K has been at the forefront of technological evolution in electromechanical switches. The company's unmatched design capabilities tailored to customer needs are recognized globally by design engineers who demand high-quality switch performance. Nearly a century later, C&K remains one of the most recognizable and trusted names in the e-mech switch industry.
Products and Applications
C&K assembles over 55,000 standard products, 8.5 million switch combinations, and customized solutions, offering a wide range of options, including tactile switches, pushbutton switches, micro switches, toggle switches, rocker switches, detector switches, DIP switches, key switches, navigation switches, rotary switches, slide switches, switchlocks, thumbwheel switches, smart card readers, high-reliability connectors as well as customized components.
C&K products are widely used in various industries, including manufacturing automotive, consumer, healthcare, server/telecom, POS/M2M, aerospace and security as well as transportation. C&K's electromechanical switches, high reliability connectors and custom components have gained the trust of electronics design companies, manufacturers and distributors due to its design innovation, cutting-edge manufacturing processes and strict quality assurance standards.
Cooperation promotes better services
As C&K's partner, with the value-added service in big data, Yunhanxincheng stands out as one of the leading electronic companies, providing a one-stop service in designing, distributing, and assembling electronic products.
Yunhanxincheng has partnered with over 1,500 suppliers covering 16,000 brands, assuring a stable product supply. To achieve win-win cooperation, Yunhanxincheng continues to build an in-depth partnership with top names in an open and connective approach.
Yunhanxincheng strives to expand the service scope, associating in boosting the industry effectiveness, bringing top-notch user experiences to industry customers, namely efficient model selection, BOM tool, product authentication guarantee, 2-hour drop to delivery, credit limits granting, as well as one-on-one customer service.
Yunhanxincheng and C&K's collaboration is a combination of digital services and manufacturing strength of a quality brand in the electronics industry. The two companies will take their cooperation to the next level, promoting more brand activities and new product releases while offering quality and efficient services to users.
About Yunhanxincheng: YunhanXincheng is a leading vertical e-commerce platform specializing in electronic components distribution, holistic solutions, and SMT/PCBA manufacturing. The company was founded back in 2002 and headquartered in Shanghai, China. In 2011, ICKEY.cn, the first version of Yunhanxincheng's e-commerce platform was launched. With nearly 20 years of industry profession, ICKEY has accumulated more than 500,000 registered accounts and served 100,000 corporate accounts in its portfolio.
In addition to electronic components distribution, since 2018, Yunhanxincheng has invested in a SMT factory and an independent design house, to better serve its clients. Beyond its own SMT assembly lines, Yunhanxincheng flaunted the advantages as a big-data platform and rolled out the plan to virtually connect up to one hundred industry-and-application-based SMT factories. That said, Yunhanxincheng being a one-stop shopping site for electronic components is true to the name.
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SOURCE Yunhanxincheng | https://www.mysuncoast.com/prnewswire/2022/07/26/yunhanxincheng-partners-with-major-switch-manufacturer-campk/ | 2022-07-26T02:31:44Z |
MOUNTAIN VIEW, Calif., April 20, 2022 /PRNewswire/ -- OZY Media, the award-winning news and entertainment company, is announcing that Daniel Kelley, an award-winning creative professional with decades of experience in New York, Los Angeles, and the Bay Area, is joining OZY to lead a range of multimedia projects as its new Creative Director.
A graduate of the University of California - Davis, Kelley brings clear talent, managerial experience, and a patient and thoughtful eye to OZY Media. As Creative Director, Kelley will work across all departments with an initiative to deliver the brand a consistent and engaging image. His style will be a key driver in OZY's maturation into a leading global media company. "I'm thrilled to join OZY and support its worldwide community of journalists, executives, readers, and influencers – many of whom also have great stories to tell. This is the kind of position where you cannot just be in the game but help raise up others as well."
Kelley has worked with some of the best-known brands in the world, including but not limited to Time Magazine, Urban Outfitters, AT&T, Bumble and Bumble, and Victoria's Secret. His creative work has included directing music videos, stop motion animation, painting, and illustration, animatronics, fabrication, and tattooing. This bridging of commercial and personal artistry gives him an uncommon perspective and ability to avoid limited and formulaic work. His most recent role was as Vice President and Creative Director with GreenBiz in Oakland, CA.
"Daniel is a visionary, and a great addition to the company," said Michael Moe, Chairman of the OZY Media Board. "His cross-channel experience and distinctive eye means that OZY won't only get the look it needs today, but the kind of leadership that will keep us ahead tomorrow. It's one thing to work with a creative pro that can raise you in the short-term. It's quite another to have one that can lead and learn from others and grow in the role. We expect Daniel to play a major role across the OZY community."
Kelley is the sixth major team announcement from OZY Media in the last few weeks, following David Lawrence, former Goldman business intelligence chief and federal prosecutor, who joined the OZY Board as Senior Advisor; Michael Safran, former Time Inc, Gannett and Bloomberg executive, who joined the company as Chief Revenue Officer; Mukul Pandya, former Founding Editor-in Chief of Wharton's online Business Review and Executive Director of Knowledge@Wharton(K@W), who joined OZY as Senior Editor-at-Large; Aparna Ranganathan who joined as Vice President of Human Resources, and Beverly Watson, Managing Editor.
ABOUT OZY
Launched in 2013, OZY has built a diverse and unique voice in media, including 5 newsletters, 12 tv shows, 9 podcasts, and 4 festivals. In 2020, OZY won an Emmy Award for its ground-breaking television program, Black Women OWN the Conversation.
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SOURCE OZY Media | https://www.mysuncoast.com/prnewswire/2022/04/20/ozy-media-hires-award-winning-designer-boards-daniel-kelley-creative-director/ | 2022-04-21T08:31:44Z |
MONTERREY, Mexico, April 25, 2022 /PRNewswire/ -- ALFA, S.A.B. de C.V. (BMV: ALFAA) ("ALFA"), a company that has developed a diversified portfolio of leading businesses with global operations, announced today its unaudited results for the first quarter of 2022 ("1Q22"). All figures have been prepared in accordance with International Financial Reporting Standards ("IFRS").
1Q22 HIGHLIGHTS
Message from ALFA's President
"We hope you and your families are remaining safe and healthy. 2022 has started off strongly; with double-digit growth in first quarter Revenue and EBITDA that exceeded our expectations.
Consolidated EBITDA of US $644 million was a record high first quarter for ALFA. The good performance was driven by Alpek which continues to capitalize on high reference margins across its core products of polyester, polypropylene and expandable polystyrene.
Sigma and Axtel faced unexpected headwinds which resulted in lower EBITDA at both companies. Sigma's European operations were negatively impacted by abrupt increases in energy prices and other input costs, as well as lower pork exports to China. In Mexico, Axtel's results were affected by project delays caused by the global semiconductor shortage, lower Government segment sales and lower revenues from a large wholesale customer.
Taking into consideration Alpek's outstanding performance year-to-date and optimistic outlook, ALFA's 2022 EBITDA Guidance increased to US $2.283 billion from US $1.949 billion. We fully acknowledge the volatile global macroeconomic and geopolitical environment impacting energy prices, raw material costs and exchange rates, among others. However, certain favorable trends that boosted ALFA's first quarter results are expected to continue and outweigh the foreseeable headwinds.
At the subsidiary level, Alpek increased its 2022 EBITDA Guidance 32% to US $1.365 billion driven primarily by higher reference margins for its core products. Sigma's Guidance remains unchanged supported by better-than-expected performance in regions outside of Europe. Axtel also maintained its 2022 Guidance but is subject to potential revision depending on future market developments.
We remain fully committed to taking actions that address ALFA's conglomerate discount through consistent progress of our Unlocking Value plan, focused on three key implementation directives:
1. Reducing leverage is an important precondition to achieve the independence of ALFA's subsidiaries. Strong performance over the past two years has driven significant improvement in financial ratios. This trend continued in 1Q22 with consolidated Net Debt to EBITDA of 2.3 times, a 64-basis point improvement year-over-year. Reflecting its strong financial performance, Alpek's Net Debt to EBITDA reached 1.0 times at the close of the first quarter.
Deleverage may also be complemented through strategic alternatives. Even though this front has not resulted in a transaction, we continue seeking options in our Shareholders' best interest.
2. Strengthen the businesses via growth and profit-enhancing initiatives is important to continue boosting their underlying value while ALFA's transformation process is completed. Alpek announced the acquisition of Octal, a major global producer of PET sheet. As described recently, this is a transformational investment that forward integrates Alpek into an adjacent, high-value business and accelerates the Company's progress towards its ESG goals, among other benefits. Importantly, Alpek has the financial strength to fund the acquisition and continue distributing cash to shareholders. Sigma launched the third edition of Tastech by Sigma® to extend its collaboration with the entrepreneurial ecosystem, and continued rolling out Better Balance®, its global plant-based brand. Axtel's mobility project "Alestra Móvil" added more enterprise mobile customers during the first quarter, offering an attractive service alternative supported by its intelligent, multi-operator connectivity feature to end- users. Axtel is also actively engaged in discussions with interested parties to evaluate potential partnerships in certain parts of its business to capitalize on attractive market opportunities.
3. Enhanced business independence will allow a seamless transition from ALFA's legacy conglomerate structure towards an independent business management model. Sigma announced the formation of an Advisory Board, comprised of an extraordinary group of individuals with diverse areas of expertise, including retail, healthcare & nutrition and entrepreneurship. We are excited by the prospects of the Advisory Board's new perspectives as Sigma strives to remain at the leading edge of evolving consumer preferences.
At the ALFA level, Paulino Rodríguez, Senior Vice President of Human Capital and Services, has retired after a successful 18-year career. We greatly appreciate Paulino's enthusiasm and dedication as a driving force in ALFA's development of Human Capital, leaving a long- lasting legacy in the Company's culture and values. Following Paulino's retirement during the first quarter, the Human Capital function was combined with the Finance function.
Our approach to capital allocation maintains a balance between deleveraging, investing for growth, and returning value to our shareholders through dividends and a share repurchase program. We held our Annual Shareholders' meeting in March, where shareholders approved a dividend payment equivalent to US $196 million and a maximum amount of Ps. 5,800 million (approximately US $290 million) for share repurchases.
Shareholders also received an update on ESG-related initiatives at the Annual meeting. ALFA, Alpek and Axtel published their respective, integrated 2021 sustainability reports. Sigma recently published an Executive Summary in anticipation of its extended GRI version. Key highlights include Sigma reaching three of its 2025 Sustainability Goals ahead of plan. We invite you to learn more about our progress through the recently published reports, available on each company's website.
Consolidated first quarter results put us on a path for another strong year in 2022. Yet, we remain vigilant amid a fluid global macro environment."
Keep well/Stay safe,
Álvaro Fernández
About ALFA
ALFA manages a diversified portfolio of leading businesses with global operations: Sigma, a leading multinational food company, focused on the production, marketing and distribution of quality foods through recognized brands in Mexico, Europe, United States and Latin America. Alpek, one of the world's leading producers of polyester (PTA, PET, rPET and fibers), and the leader in the Mexican market for polypropylene and expandable polystyrene (EPS). Axtel, a provider of Information Technology and Communication (ITC) services for the enterprise and government segments in Mexico. In 2021, ALFA reported revenues of Ps. 308,060 million (US $15.2 billion), and EBITDA of Ps. 41,050 million (US $2.0 billion). ALFA's shares are quoted on the Mexican Stock Exchange and on Latibex, the market for Latin American shares of the Madrid Stock Exchange. For more information, please visit www.alfa.com.mx
Disclaimer
This release may contain forward-looking information based on numerous variables and assumptions that are inherently uncertain. They involve judgments with respect to, among other things, future economic, competitive and financial market conditions and future business decisions, all of which are difficult or impossible to predict accurately. These uncertainties include, but are not limited to, risks related to the impact of the COVID-19 global pandemic, such as the scope and duration of the outbreak, government actions and restrictive measures implemented in response, availability of workers and contractors due to illness and stay at home orders, supply chain disruptions and other impacts to the business, or on the Company's ability to execute business continuity plans, as a result thereof. Accordingly, results could vary from those set forth in this release. The report presents unaudited financial information. Figures are presented in Mexican Pesos or US dollars, as indicated. Where applicable, Peso amounts were translated into US dollars using the average exchange rate of the months during which the operations were recorded. Financial ratios are calculated in US dollars. Due to the rounding up of figures, small differences may occur when calculating percent changes from one period to the other.
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SOURCE ALFA, S.A.B. de C.V. | https://www.kxii.com/prnewswire/2022/04/25/alfa-reports-1q22-ebitda-us-644-million-record-high-first-quarter/ | 2022-04-26T00:21:54Z |
PITTSBURGH, April 25, 2022 /PRNewswire/ -- "I wanted to create a face mask that would prevent feelings of discomfort and suffocation during use," said an inventor, from Phoenix, Ariz., "so I invented the FLEXI-MASK. My design would offer an alternative to traditional masks that are worn too close to the face."
The invention provides an improved mask to protect the nose and mouth. In doing so, it helps to prevent the spread of germs and viruses. It also enhances comfort and safety and it provides added protection and peace of mind. The invention features a reusable and stylish design that is easy to wear so it is ideal for the general population. Additionally, it is producible in design variations.
The original design was submitted to the Phoenix sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-PBT-154, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com.
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SOURCE InventHelp | https://www.mysuncoast.com/prnewswire/2022/04/25/inventhelp-inventor-develops-improved-face-mask-enhance-comfort-pbt-154/ | 2022-04-25T16:34:52Z |
Selected from over 2,000 submissions, these papers will be featured at KDD 2022 in Washington, D.C. from August 16-18, 2022
WASHINGTON, Aug. 10, 2022 /PRNewswire/ -- KDD 2022, the premier interdisciplinary conference in data science, today announced the official lineup of research and applied data science papers that will be presented at the conference. Registration is open for KDD 2022, to be held in Washington, D.C. at the Walter E. Washington Convention Center starting August 14, 2022.
"The annual KDD conference showcases the most innovative research and applied data science being conducted today," said Wei Wang, SIGKDD chair, Leonard Kleinrock chair professor in computer science, and director of the Scalable Analytics Institute at University of California, Los Angeles. "Collectively, these papers represent the future and promise of data science. We encourage everyone interested in science to attend this year's conference."
KDD 2022 welcomes submissions on all aspects of knowledge discovery and data mining, from theoretical research on emerging science to papers assessing. This year's papers were selected from over 2,000 papers initially submitted for consideration at KDD 2022. Topics of focus for this year's papers include adversarial learning, anomaly detection, deep learning, text mining, and data ethics.
The full KDD 2022 program entails keynote presentations and workshops, in addition to academic and industry led sessions. KDD 2022 is a dual-track conference that provides distinct programming in research and applied data science. Both the research papers track and the applied data science papers track will take place August 16-18, 2022.
The schedule of this year's research papers track can be found at: https://kdd.org/kdd2022/paperRT.html.
The schedule of this year's applied science papers track can be found at: https://kdd.org/kdd2022/paperADS.html.
For the conference's complete program agenda and schedule, please visit: https://kdd.org/kdd2022/programAgenda.html.
For more information on this year's event, please visit: www.kdd.org/kdd2022/.
ACM is the premier global professional organization for researchers and professionals dedicated to the advancement of the science and practice of knowledge discovery and data mining. SIGKDD is ACM's Special Interest Group on Knowledge Discovery and Data Mining. The annual KDD International Conference on Knowledge Discovery and Data Mining is the premier interdisciplinary conference for data mining, data science and analytics.
For more information on KDD, please visit: https://www.kdd.org/.
Follow KDD on:
Facebook— https://www.facebook.com/SIGKDD
Twitter— https://twitter.com/kdd_news
LinkedIn— https://www.linkedin.com/groups/160888/
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SOURCE ACM SIGKDD | https://www.kxii.com/prnewswire/2022/08/10/kdd-2022-reveals-schedule-data-mining-knowledge-discovery-papers-chosen-conference/ | 2022-08-10T19:26:23Z |
SAN RAMON, Calif. , April 7, 2022 /PRNewswire/ -- Lumin Digital, a PSCU company, announced today that Missouri-based West Community Credit Union (WCCU) has signed a multi-year agreement for Lumin Digital's cloud-native platform for online and mobile digital banking solutions. Once WCCU goes live on the platform in October 2022, Lumin Digital will support the credit union's more than 27,000 members.
West Community Credit Union, headquartered in O'Fallon, Missouri, is a progressive financial institution that strives to build relationships on trust by truly understanding member needs and offering smart solutions. With solid growth for more than a decade, the credit union understands the importance of providing a digital solution that offers a robust, personalized banking experience.
Lumin Digital, a cloud-native digital banking platform, provides credit union members with a tightly integrated and customized experience that matches larger financial institutions' offerings. Focusing on service, user experience, safety, and security through sophisticated automation, Lumin Digital helps credit unions and financial institutions drive better engagement with their users through personalized recommendations and communication in the areas of spending insights, financial advice, fraud alerts, and savings goals. Lumin enables credit unions to provide users with real-time updates and new features that add value and simplify everyday banking. All of Lumin's offerings and capabilities are made possible by the team's wealth of industry knowledge, user experience testing, and technological innovation.
"We're constantly seeking new service offerings and technological capabilities to offer our members, and this partnership with Lumin Digital will allow us to provide them with a sophisticated and convenient way to access and manage their finances," said Koren Greubel, Vice President of Marketing and Digital Engagement at West Community Credit Union. "This partnership made perfect sense for us based on Lumin's sterling reputation within the Fintech space, and their platform's superior interface and functionality."
"West Community Credit Union and Lumin Digital share a passion for technology, service and people. This approach helps our clients and their members feel confident, secure and engaged in their digital experiences," said Jeff Chambers, founder and CEO of Lumin Digital. "Our partnership speaks to the credibility WCCU has built with their members for more than 85 years by always seeking new ways to enhance their offerings and financial solutions."
Lumin Digital continues to drive innovation in the digital banking space, differentiating itself through technology built for human connection. Lumin Digital's offering provides seamless integration to a wide array of PSCU and other platform tools and capabilities, including card services, rewards management, and data analytics to provide a member-centric experience.
About Lumin Digital
Lumin Digital is a fintech company specializing in digital banking solutions. Through a fundamentally different approach to technology, service, and people, we're creating the next generation of financial solutions each and every day. Lumin helps credit unions and financial institutions build and deploy next-gen digital experiences that help to continually serve, engage, and grow their membership base. While other platforms are partially adapted or retrofitted for the cloud, Lumin is 100% cloud-native. It was built specifically for the cloud environment, allowing us to more fully realize the advantages it offers. It's a difference that financial institutions and their users will see and feel almost immediately. For more information, visit lumindigital.com.
About West Community Credit Union
West Community Credit Union is a full-service, not-for-profit financial cooperative that serves more than 27,000 members and businesses throughout St. Louis City, St. Louis County, St. Charles County and Boone County, Missouri. The credit union has been offering smart banking solutions to its members and communities since 1936. For more information, visit www.westcommunitycu.org.
About PSCU
PSCU, the nation's premier payments CUSO, supports the success of more than 1,900 financial institutions representing nearly 7 billion transactions annually. Committed to service excellence and focused on innovation, PSCU's payment processing, risk management, data and analytics, loyalty programs, digital banking, marketing, strategic consulting and mobile platforms help deliver possibilities and seamless member experiences. Comprehensive, 24/7/365 member support is provided by contact centers located throughout the United States. The origin of PSCU's model is collaboration and scale, and the company has leveraged its influence on behalf of credit unions and their members for more than 40 years. Today, PSCU provides an end-to-end, competitive advantage that enables credit unions to securely grow and meet evolving consumer demands. For more information, visit pscu.com.
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SOURCE Lumin Digital | https://www.kxii.com/prnewswire/2022/04/07/west-community-credit-union-chooses-lumin-digital-provide-enhanced-digital-banking-services/ | 2022-04-07T16:58:09Z |
Choco Taco may make a return, Klondike says
(CNN) - The Choco Taco may yet get a second life.
Klondike says an outpouring of support for the product has made them “reconsider our long-term plans.”
It was a few weeks ago the ice cream novelty-maker shook social media when it announced the Choco Taco would be discontinued.
They said the reason for the discontinuation was “a result of complex production challenges” amid the pandemic.
Klondike’s announcement upset many on Twitter.
Even U.S. Sen. Chris Murphy, a Connecticut Democrat chimed in to jokingly announce he would push to invoke the Defense Production Act to “mandate” Choco Taco production.
Klondike in a statement says a plan to bring it back is in the works, although “it may take some time.”
Copyright 2022 CNN Newsource. All rights reserved. | https://www.wibw.com/2022/08/06/choco-taco-may-make-return-klondike-says/ | 2022-08-06T15:49:01Z |
TUCSON, Ariz., July 21, 2022 /PRNewswire/ -- In a statement issued July 20, the Association of American Physicians and Surgeons (AAPS) objected to the rule issued by the Food and Drug Administration (FDA) that allows pharmacists to, in effect, practice medicine by prescribing and dispensing Pfizer's drug Paxlovid™ on their own order.
"The FDA does not have the statutory authority to regulate the practice of medicine," says Dr. Jane Orient, Executive Director. "It is up to the states to perform this function, which includes defining the scope of practice of various practitioners."
"Pharmacists are not trained or qualified to diagnose or treat disease. They lack medical school and residency training. Pharmacists do not have to take a medical history, physically examine patients, coordinate their care, or maintain a medical record."
"To allow pharmacists to 'prescribe' Paxlovid without a physician's prescription is an unprecedented and radical expansion of the practice of pharmacy, usurping the states' authority."
AAPS notes that Paxlovid (irmatrelvir and ritonavir) is an investigational medication available only by emergency use authorization (EUA). The AIDS drug component, ritonavir, carries a "black box" warning about severe adverse consequences, including death, from interactions with a large number of commonly used drugs.
The FDA claims that authority to expand the EUA to permit pharmacists to prescribe derives from the Public Readiness and Emergency Preparedness (PREP) Act. AAPS notes that the "PREP Act's liability waivers also significantly reduce the ability of anyone harmed by Paxlovid to receive compensation."
AAPS concludes that assessment of history, physical examination, and laboratory tests of liver and kidney function, as well as obtaining informed consent for an investigational drug and following patients' response, are not part of pharmacists' training or usual practice.
"This FDA action is harmful and should be declared an unconstitutional overreach of power," Dr. Orient concludes.
The Association of American Physicians and Surgeons (AAPS), founded in 1943, represents physicians in all specialties nationwide.
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SOURCE Association of American Physicians and Surgeons (AAPS) | https://www.wibw.com/prnewswire/2022/07/21/association-american-physicians-surgeons-aaps-objects-pharmacists-prescribing-paxlovid-without-doctors-order/ | 2022-07-21T20:29:41Z |
- CRISPR/Cas system for bacteria that are not E. coli or Streptococcus pyogenes
- Customized gene editing technology for unique modified-bacteriophages
- To validate efficacy of SARS-CoV-2 mimotopes loaded PHAGERUS® platform
BOSTON and SEOUL, South Korea, Aug. 9, 2022 /PRNewswire/ -- iNtRON Biotechnology ("iNtRON", www.intodeworld.com) announced today that iNtRON has developed its unique CRISPR/Cas system customized for the genetic modification of certain bacteria and corresponding bacteriophage.
An iNtRON official said that the technology enables the Company to freely edit various genes in the bacteriophage gene to have new and wanted functions.
iNtRON's PHAGERUS® platform technology is being developed on the hypothesis that bacteriophage plays an instrumental role to maintain immune system in human beyond the common concept of 'bacteria killing virus'. In other words, massive number of bacteriophages have existed longer than humans, and some have controlled certain harmful viruses and involved in affecting the human immune system.
Hereat, iNtRON has utilized bacteriophages that have known to be safe for human as prophylactics and therapeutics of viral diseases, and worked on the PHAGERUS® platform technology to facilitate the manipulation of multiple structural genes that play a morphological and functional role in bacteriophages. The Company explained PHAGERUS® platform technology, the source technology for bacteriophage-specific gene editing and virus control, focuses on adding characteristics that can effectively control specific viruses while maintaining the original functions of bacteriophages (bacteriophage infectivity and bacterial control).
Dr. SON, Jee Soo, the head of Bio Drug Business said, "Virus targeting PHAGERUS® platform was developed based on 'ViP cycle hypothesis (relationship between bacteria-virus-phage)' to screen natural bacteriophage candidates for vaccine and secure antigen-peptide (Ag-peptide; mimotope) candidates utilizing its own modified phage-display technology."
In this regard, the Company plans to continuously develop antiviral cocktail agents composed of natural bacteriophages collected in nature, and aims to utilize the mimotope discovered in-house as genetic engineering technology rather than the common use to express on a mockup bacteriophage which is a backbone vehicle so the mimotope could be applied to engineered bacteriophage agents eventually.
The Company named Mockup-PHAGERUS® collectively for the bacteriophage and its platform technology to label the outer membrane protein region of a specific bacteriophage using a bacteriophage-customized gene editing technology for mimotope, which can exhibit antiviral effect. Mockup-PHAGERUS® is largely distinguished from the existing technology in that a company-developed specific host is implemented rather than a commonly used host (Escherichia coli, Streptococcus pyogenes) .
In addition, a specific bacterial vector was developed using the CRISPR/Cas system derived from the selected host to allow the insertion, removal, and replacement of a specific gene in a candidate bacteriophage to be used as Mockup-PHAGERUS®, then inserted into the specific host to selectively active on certain bacteria and its corresponding bacteriophage
Mr. YOON, Kyung Won, CEO of iNtRON said, "The PHAGERUS® platform technology has value of gene editing ability in bacteria strains without precedent use. In the future, we plan to use it to validate vaccine candidates by presenting various mimotopes expected to exert activity over SARS-CoV-2 into Mockup-PHAGERUS®." Mr. Yoon continued, "We expect that CRISPR/Cas-based gene editing technology will be used as a fundamental technology that can freely improve various beneficial bacteriophages, and we will expand to various area (Influenza virus and G4 virus) of antiviral drug development."
About PHAGERUS® Platform
iNtRON's PHAGERUS® technology discovered the applicability of bacteriophage as a virus neutralizing vaccine & therapeutics, and has secured a number of related core technologies, PHAGERUS® can induce humoral immunity as well as cell-meditated immunity by oral or nasal vaccines based on natural bacteriophages with homology of targeting virus or engineered bacteriophage that express antigens or virus-like particles on their surfaces.
About iNtRON Biotechnology, Inc.
iNtRON is a leader in bacteriophage-based technology with aim to develop and investigate into the 'Immune & Immunotherapeutics' market. While pursuing global research and business development (R&BD) investments since their foundation and accelerated development after entering its IPO in KOSDAQ, the company honed in on innovating BIO New Drugs by developing various 'First-in-Concept' bio-drugs and conducting clinical studies in phases. The Company is committed to development of innovative innovation in the infectious diseases and 'Immune & Immunotherapeutics' area.
About iNtODEWORLD, Inc.
iNtRON has established its wholly owned US subsidiary, iNtODEWORLD, Inc. in 2017. iNtODEWORLD was initially registered in Delaware and the headquarter office is currently located in Boston. iNtODEWORLD provides news, updates and platform development progresses of iNtRON to its potential global partners and collaborators along with its own R&BD works in the US.
Contact Us
YOON, Kyung Won (Kevin) / CEO, Vice President / kwyoon@intron.co.kr
SHIN, Tae Kyu (TK) / BD Team Leader / tkshin@intron.co.kr
BD Team / partner@intron.co.kr
iNtRON Biotechnology, Inc.
#708, 148, Sagimakgol-ro, Jungwon-gu, Seongnam-si,
Gyeonggi-do, Republic of Korea
iNtODEWORLD, Inc.
1500 District Avenue, Suite 2097, Burlington, MA 01803, USA
it is iNtRON.
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SOURCE iNtRON Biotechnology, Inc. | https://www.mysuncoast.com/prnewswire/2022/08/10/intron-developed-new-crisprcas-technology-specific-bacteriophage-phagerus-platform/ | 2022-08-10T01:45:40Z |
NEW YORK, June 20, 2022 /PRNewswire/ -- 5WPR, one of the largest independently-owned PR firms in the U.S., announced today the creation of a dedicated Robotics PR Division, consisting of clients working on the creation of robotic parts as well as software solutions for robotic practices.
As an extension of 5WPR's technology practice, the new division is led by a team of experts from our Software as a Service (SaaS) and Consumer Technology teams to provide clients in the space with optimum opportunities.
"Technology is all about looking towards the future, and robotics have been advancing at an accelerated pace and will soon be ubiquitous," said 5WPR CEO, Matthew Caiola. "Emerging robotics companies should set their PR strategy in motion before a public launch so they can be prepared and hit the ground running. This is incredibly important in such a competitive industry."
5WPR's tech practice has grown to specialize in several highly-specialized areas and prides itself on being a leading adtech, martech and fintech public relations firm in the nation. The team delivers results through key industry relationships with influencers, bloggers, celebrities, and media. By implementing integrated PR, Digital, Influencer Partnerships and Social Media campaigns, 5W ensures maximum coverage for its clients.
PR services offered to travel tech clients include messaging and positioning, media relations, initial public offering media strategy, new market expansion campaigns, visibility programs, content creation, sponsorships/partnerships, digital media campaigns, event planning, thought leadership and speaking opportunities.
5W Public Relations is a full-service PR agency in NYC known for cutting-edge programs that engage with businesses, issues and ideas. With more than 275 professionals serving clients in B2C (Beauty & Fashion, Consumer Brands, Entertainment, Food & Beverage, Health & Wellness, Travel & Hospitality, Technology, Nonprofit), B2B (Corporate Communications and Reputation Management), Public Affairs, Crisis Communications and Digital Marketing (Social Media, Influencer, Paid Media, SEO). 5W was named to Inc. Magazine's Best Workplaces 2022 list, awarded 2020 PR Agency of The Year, and brings leading businesses a resourceful, bold and results-driven approach to communication.
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SOURCE 5W Public Relations | https://www.mysuncoast.com/prnewswire/2022/06/20/5wpr-announces-launch-robotics-pr-division/ | 2022-06-20T14:14:00Z |
STOCKHOLM, July 12, 2022 /PRNewswire/ -- SHL Healthcare AB has recently established a Textile Center of Excellence (TCX) in Borås, the textile capital of Sweden, to extend and streamline support for early project phases in close collaboration with customers.
The state-of-the-art facility is strategically situated inside the heritage Textile Fashion Center and adjacent to a cluster of industry experts such as Science Park Borås, Smart Textile, The Swedish School of Textiles, and University of Borås. This allows SHL Healthcare to easily access technology, engineering and textile materials that can optimize product innovations and sustainability.
To warrant consistent quality throughout, a uniform manufacturing process library has been developed at the TCX so it can be immaculately replicated and implemented at any SHL Healthcare production site. This potentially reduces the early project phases by up to 50% and minimizes time consuming adjustments or change requests at the production sites during later stages – ultimately saving cost.
"We are excited for this new milestone as we continue to expand our capability to enhance the manufacturing process for our MedTech clients. We understand how vital it is to finalize product designs early in order to reduce time and cost at later stages. By establishing the Textile Center of Excellence, our clients can work with all the necessary resources and visualize their design at an early stage and be assured that their final products will encompass similar qualities when scaled up," shares Patrik Axelsson, Head of Technology for Soft Goods R&D at SHL Healthcare AB.
Prospective clients are welcomed to visit the SHL Healthcare Textile Center of Excellence in person, or remotely via HoloLens, to interact with Textile Specialists and Engineers to see the available machines, processes, materials, accessories and samples.
About SHL Healthcare
SHL Healthcare is a global leader in MedTech manufacturing that offers a range of premium contract manufacturing capabilities such as CNC Sewing, CNC Fabric Cutting, RF/HF Welding, Product Testing, Assembly and more. Some examples of MedTech products SHL Healthcare manufactures include medical patient slings, pressure mattresses, pumps, and soft goods.
Media Contact
Patty Sa
+46 73-158 38 95
Patty.Sa@shlhealthcare.com
This information was brought to you by Cision http://news.cision.com
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SOURCE SHL Healthcare AB | https://www.kxii.com/prnewswire/2022/07/12/shl-healthcare-sets-up-textile-center-excellence/ | 2022-07-12T08:05:55Z |
Butler scores 47 points, Heat beat Celtics to force Game 7
By JIMMY GOLEN
AP Sports Writer
BOSTON (AP) — Kyle Lowry listened politely while Jimmy Butler shared the credit for Miami’s Game 6 victory until his fellow All-Star took the humility too far and called his 47-point, elimination-avoiding performance “decent.”
“It’s (expletive) incredible,” Lowry corrected him, apologizing for his language to the TV cameras in the back of the room and begging not to be fined by the league. “It’s incredible to have a guy like him next to me. I’ve played with some great players, and he’s one of the best.”
Butler scored 47 points — a career playoff high and one of the best performances by a player facing elimination in NBA history — and the Heat forced the Eastern Conference finals to a decisive seventh game by beating the Boston Celtics 111-103 on Friday night.
Ten years after LeBron James scored 45 points in a Game 6 in Boston en route to the first of the Heat’s back-to-back NBA titles, Butler scored 17 points in the fourth quarter to top him and send the series back to Miami.
With a victory at home, the Heat would advance to the NBA Finals for the second time in three years.
“This is the way it should be, with these two teams. It should have gone seven games,” Miami coach Erik Spoelstra said. “I’m just really thrilled that our group gets an opportunity to compete in a Game 7 in front of our home crowd.”
The winner of Game 7 on Sunday will advance to the NBA Finals against Golden State, which eliminated the Dallas Mavericks in five games Thursday night. Warriors forward Draymond Green said afterward that he expected to play the Celtics.
In the most back-and-forth game of the series, Boston took a 97-94 lead on Derrick White’s 3-pointer with under five minutes to play — the first time all series the lead has changed hands in the fourth quarter. Lowry answered with a 3 and then added two free throws as Miami scored 11 of the next 13 points.
Lowry finished with 18 points and 10 assists before fouling out with 2:18 left. Butler made 16 of 29 shots — including 4 of 8 from 3-point range — and all 11 free throws.
“He came out from the jump and kind of put his imprint on the game,” White said. “That’s just who he’s been his whole career, constantly attacking and doing what he does to help his team win. We knew it was coming, and we’ve got to do a better job in Game 7.”
Jayson Tatum had 30 points and nine rebounds for Boston, and White came off the bench to score 11 of his 22 points in the fourth quarter. The Celtics are trying to reach the finals for the first time since 2010, two years after the New Big Three of Kevin Garnett, Paul Pierce and Ray Allen won the franchise’s 17th NBA title — a record since tied by the Lakers.
“It’s no secret: It’s Game 7, trip to the NBA Finals, a lot on the line,” Tatum said. “We know what’s at stake. We know how much this means to everybody.”
Jaylen Brown scored 20 points for Boston, missing a pair of free throws with the game tied at 99 after Lowry fouled out. Brown fouled out himself on a charge offensive that was assessed after a challenge on a missed dunk with 13 seconds left and the Celtics down by four.
AVOIDING ELIMINATION
Butler’s 47 points were the seventh-most in NBA history for a player facing elimination.
Elgin Baylor had 61 against Boston in Game 5 of the 1962 finals. Wilt Chamberlain topped 50 three times, Sleepy Floyd had 50 against the Lakers in 1987 and Jamal Murray scored 50 against Utah in 2020.
It was also the third-most to stave off elimination against the Celtics. In addition to Baylor, Chamberlain had 50 in Game 5 of the East finals in 1960.
James’ 45 against Boston in Game 6 of the 2012 conference finals set the stage for a Game 7 win in Miami.
The Heat are hoping Butler’s performance can do the same.
“I get it, people can easily draw the comparisons between the two,” Spoelstra said. “That’s a different era. That’s a different team. I want our guys to embrace this moment.”
IN AND OUT
Miami guard Tyler Herro missed his third straight game with a strained groin, costing the team its No. 2 scorer. Kyle Lowry (hamstring), Max Strus (hamstring) and P.J. Tucker (knee) had been listed as questionable but were in the starting lineup.
Boston’s Marcus Smart (sprained right ankle) and Robert Williams III (sore knee) tested their injuries pregame and were also in the lineup.
TIP-INS
Heat: Butler had 14 points, five rebounds and four assists in the first. He scored or assisted on 24 of Miami’s 29 points in the quarter.
Celtics: Red Sox slugger David Ortiz, who was inducted into the ballclub’s Hall of Fame on Thursday night, was courtside. Ortiz threw out a ceremonial first pitch at Fenway Park earlier in the evening. Red Sox pitcher Pedro Martinez was also at the game, wearing his World Series ring.
___
More AP NBA: https://apnews.com/hub/NBA and https://twitter.com/AP_Sports | https://localnews8.com/sports/ap-national-sports/2022/05/27/butler-scores-47-points-heat-beat-celtics-to-force-game-7/ | 2022-05-28T05:41:56Z |
Pro Football HOF: 54 semifinalists for Class of 2023 seniors, coaches & contributors
CANTON – The Pro Football Hall of Fame on Thursday released the 54 semifinalists for the seniors, coaches and contributors category for the Class of 2023.
There are a total of 25 senior players: Ken Anderson, Maxie Baughan, Mark Clayton, Roger Craig, LaVern Dilweg, Randy Gradishar, Lester Hayes, Chris Hinton, Chuck Howley, Cecil Isbell, Joe Jacoby, Billie “White Shoes” Johnson, Mike Kenn, Joe Klecko, Bob Kuechenberg, George Kunz, Jim Marshall, Clay Matthews Jr., Eddie Meador, Stanley Morgan, Tommy Nobis, Ken Riley, Sterling Sharpe, Otis Taylor and Everson Walls
The list from the coaches and contributors category includes 29 semifinalists that will advance to the next round.
They are: K.S. “Bud” Adams Jr., Roone Arledge, C.O. Brocato, Don Coryell, Otho Davis, Ralph Hay, Mike Holmgren, Frank “Bucko” Kilroy, Eddie Kotal, Robert Kraft, Rich McKay, John McVay, Art Modell, Clint Murchison Jr., Buddy Parker, Carl Peterson, Dan Reeves, Lee Remmel, Art Rooney Jr., Marty Schottenheimer, Jerry Seeman, Mike Shanahan, Clark Shaughnessy, Seymour Siwoff, Amy Trask, Jim Tunney, Jack Vainisi, Lloyd Wells and John Wooten.
More:Stories from the Hall of Fame Archive: Marlin Briscoe blazed trail for future quarterbacks
All 54 are now one step closer to being inducted into the Hall of Fame. The class will be trimmed to 12 in each category. Each of the senior semifinalists last played in a professional football game no later than the 1996 season.
According to the selection bylaws, both committees can vote for 25 semifinalists, but will also allow additional candidates to advance if there is a tie for the 25th position. This year, there was a tie in the coach/contributor category.
The selection committee will cast its vote for 12 seniors and 12 coaches/contributors in the finals. The results will be revealed on July 27.
The Seniors Committee will meet on Aug. 16 to select up to three seniors for next year’s class following the approval of an expansion in the Senior Pool Election for the classes of 2023, 2024 and 2025. The Coach/Contributor Committee will meet on Aug. 23 to select the final coach and contributor Aug. 23.
Here are short bios on each of the 54 Semifinalists:
SENIORS (25)
- Ken Anderson: Quarterback (1971-1986) A four-time Pro Bowler who started at quarterback for the Cincinnati Bengals from 1971-1986.
- Maxie Baughan: Linebacker (1960-1970, 1974) A nine-time Pro Bowler, Baughan played linebacker for the Philadelphia Eagles (1960-65), the Los Angeles Rams (1966-1970) and the Washington Redskins (1974).
- Mark Clayton: Wide Receiver (1983-1993) Five-time Pro Bowler who played 10 seasons with the Dolphins (1979-1992) and one season with the Green Bay Packers (1993).
- Roger Craig: Running Back (1983-1993) The first NFL player to total 1,000 yards rushing and receiving in the same season and won three Super Bowls with the San Francisco 49ers. He spent eight seasons with the 49ers (1983-1990), one with the Los Angeles Raiders (1991) and two with the Minnesota Vikings (1992-93).
- LaVern Dilweg: End (1926-1934) A star defensive end turned politician, Dilweg was named first-team All-Pro for his first five seasons with the Green Bay Packers. He played for the Milwaukee Badgers (1926) and the Green Bay Packers (1927-1934).
- Randy Gradishar: Linebacker (1974-1983) Centerpiece of the “Orange Crush Defense,” Gradishar played all 10 seasons as linebacker for the Denver Broncos, seven of which were Pro Bowl-caliber years.
- Lester Hayes: Cornerback (1977-1986) Known as “The Judge,” Hayes was a five-time Pro Bowler for the Oakland/Los Angeles Raiders, spending his entire 10-year career with the organization.
- Chris Hinton: Guard/Tackle (1983-1995) Named to seven Pro Bowls and recognized as a two-time first-team All-Pro, Hinton played with the Baltimore/Indianapolis Colts (1983-89), Atlanta Falcons (1990-93) and the Minnesota Vikings (1994-95).
- Chuck Howley: Linebacker (1958-59, 1961-1973) Being the only player on a losing team to win Super Bowl MVP (Super Bowl VI), Howley received six Pro Bowl selections and five first-team All-Pro selections while playing for the Chicago Bears (1958-59) and the Dallas Cowboys (1961-1973).
- Cecil Isbell: Tailback/Defensive Back/Halfback (1938-1942) Of Isbell’s five playing years with the Green Bay Packers (1938-1942), he had four Pro Bowl appearances.
- Joe Jacoby: Tackle (1981-1993) During his 13-year tenure with the Washington Redskins (1981-1993), Jacoby won three Super Bowls and was named to the Pro Bowl for four consecutive years (1983-86).
- Billie “White Shoes” Johnson: Wide Receiver/Kick Returner/Punt Returner (1974-1980, 1982-88) During his 14-year NFL career (Houston Oilers, 1974-1980; Atlanta Falcons, 1982-87; Washington Redskins, 1988), Johnson accumulated three Pro Bowl selections and is most famously known for his end zone celebrations.
- Mike Kenn: Tackle (1978-1994) A former first-round draft pick, the University of Michigan product played his entire 17-year career with the Atlanta Falcons and racked up five Pro Bowl selections and two first-team All-Pro selections.
- Joe Klecko: Defensive End/Defensive Tackle/Nose Tackle (1977-1988) A member of the famed “New York Sack Exchange,” the defensive powerhouse had four Pro Bowl selections and two first-team All-Pro honors in his 12-year NFL career, all spent with the New York Jets.
- Bob Kuechenberg: Guard/Tackle/Center (1970-1983) A member of the Miami Dolphins Hall of Fame and a six-time Pro Bowler, Kuechenberg spent the entirety of his 14-year career as a member of the Dolphins.
- George Kunz: Tackle (1969-1978, 1980) One of the premier offensive linemen of his generation. Kunz was named to the Pro Bowl seven times in his career and received three first-team All-Pro honors. He won Offensive Lineman of the Year in back-to-back years (1976, 1977). He played for the Atlanta Falcons (1969-1974) and the Baltimore Colts (1975-1980).
- Jim Marshall: Defensive End (1960-1979) After starting his NFL career with the Cleveland Browns, Marshall was traded to Minnesota, where he would play the next 19 seasons without missing a game. Marshall’s 282 consecutive games played are the most by a defensive player, and his streak is 58 games longer than the next closest defensive lineman. A member of the Vikings famed “Purple People Eaters” defensive front, Marshall earned two Pro Bowl selections.
- Clay Matthews Jr.: Linebacker (1978-1996) Matthews made four Pro Bowl appearances for the Cleveland Browns in the 1980s. He led the NFL in forced fumbles in 1983 and earned a place in the Browns’ Ring of Honor. He finished his career with the Atlanta Falcons, where he became the oldest player to record a sack in NFL history at the age of 40 years, 282 days.
- Eddie Meador: Cornerback (1959-1970) Meador played his entire career with the Los Angeles Rams, where he earned selection to two first-team All-Pro teams and six Pro Bowls. He is a member of the NFL’s All-Decade Team of the 1960s. He finished his career with 46 interceptions, which remains a Rams franchise record.
- Stanley Morgan: Wide Receiver (1977-1990) Morgan posted the most yards per reception (19.2) in NFL history among players with more than 500 career receptions and he made four Pro Bowls with the New England Patriots. He is still New England’s all-time leader in receiving yards (10,352). He played his final NFL season with the Indianapolis Colts.
- Tommy Nobis: Linebacker (1966-1976) Nobis was the first player the expansion Atlanta Falcons drafted and played his entire career in Atlanta. He won NFL Rookie of the Year, played in five Pro Bowls, selected first-team All-Pro (1967) and is a member of the NFL’s All-Decade Team of the 1960s.
- Ken Riley: Cornerback (1969-1983) Riley played his entire career with the Cincinnati Bengals and recorded 65 career interceptions, more than any other player not already in the Hall of Fame and the most by a player who saw action exclusively at cornerback. He was named first-team All-Pro in his final season.
- Sterling Sharpe: Wide Receiver (1988-1994) Sharpe made five Pro Bowls and three first-team All-Pro teams during his seven-year career with the Green Bay Packers. His 18 touchdown receptions in his final season is still good for third-best all-time.
- Otis Taylor: Wide Receiver (1965-1975) Taylor won a Super Bowl IV ring with the Kansas City Chiefs, earned two Pro Bowl selections, two first-team All-Pro selections, an AFL All-Star selection and won two AFL Championships during his 10-year career. He led the AFL in touchdown receptions in 1967 and the NFL in receiving yards in 1971.
- Everson Walls: Cornerback (1981-1993) Playing most of his career with the Dallas Cowboys, Walls made three first-team All-Pro teams, four Pro Bowls and led the NFL in interceptions three times while in Dallas. He finished his career with the New York Giants and Cleveland Browns and helped New York to victory in Super Bowl XXV.
COACH/CONTRIBUTOR (29)
- K.S. “Bud” Adams Jr.: In his 54 years as founder, wwner, chairman of the board, president and CEO of the Titans/Oilers franchise, Adams was an enduring figure in the NFL.
- Roone Arledge: Television industry executive and producer whose creativity, leadership and technical innovations revolutionized the presentation of both news and sports.
- C.O. Brocato: A scout for 40 years with the Houston Oilers/Tennessee Oilers/Tennessee Titans.
- Don Coryell: An innovative coach whose “Air Coryell” offense produced some of the most dynamic passing attacks in NFL history.
- Otho Davis: Served as an associate athletic trainer for the Baltimore Colts in 1971 and the head athletic trainer for the Philadelphia Eagles from 1973 to 1995.
- Ralph Hay: Owner of the Canton Bulldogs from 1918-1922 who hosted the NFL’s formational meeting in his automobile dealership in downtown Canton.
- Mike Holmgren: Head coach of the Green Bay Packers from 1992-98 and the Seattle Seahawks from 1999-2008.
- Frank “Bucko” Kilroy: Worked in player personnel and scouting for the Philadelphia Eagles, Washington Redskins and Dallas Cowboys. He was the Patriots’ general manager from 1979 to 1982 and vice president from 1983 to 1993.
- Eddie Kotal: Scout for the Los Angeles Rams from 1947-1961 and was one of the first to scout historically Black colleges and universities.
- Robert Kraft: Owner, chairman and CEO of the New England Patriots since 1994. His teams have won six Super Bowls.
- Rich McKay: General manager, Tampa Bay Buccaneers, 1994-2003; general manager, Atlanta Falcons, 2003-08; president/CEO, Atlanta Falcons, 2008-present.
- John McVay: Joined the 49ers in 1979 as the team's director of player personnel and spent 21 seasons with the club, ultimately presiding over five Super Bowl-winning seasons as vice president/director of football operations.
- Art Modell: Owner of the Cleveland Browns from 1961-1995 and Baltimore Ravens from 1996- 2011.
- Clint Murchison Jr.: Founder of the Dallas Cowboys (1960) and owner.
- Buddy Parker: Head coach of the Chicago Cardinals (1949), Detroit Lions (1951-56) and the Pittsburgh Steelers (1957-1964).
- Carl Peterson: President, General Manager and CEO of the Kansas City Chiefs from 1989- 2008.
- Dan Reeves: Head coach of the Denver Broncos (1981-1992), New York Giants (1993-96) and the Atlanta Falcons (1997-2003).
- Lee Remmel: A sportswriter and columnist for the Green Bay Press-Gazette for 29 years, Green Bay Packers director of public relations from 1974 to 2004 and Packers historian from 2004-07.
- Art Rooney Jr.: Employed with the Steelers since 1961, from 1964 through 1986, worked in the Steelers’ scouting department. Currently a Steelers vice president and member of the Board of Directors.
- Marty Schottenheimer: Head coach of the Cleveland Browns (1984-88), Kansas City Chiefs (1989-1998), Washington Redskins (2001) and the San Diego Chargers (2002-06).
- Jerry Seeman: Line judge, head linesman, referee and director of officiating from 1975- 2000.
- Mike Shanahan: Head coach of the Los Angeles Raiders (1988-89), Denver Broncos (1995- 2008) and the Washington Redskins (2010-13).
- Clark Shaughnessy: Head coach of the Los Angeles Rams from 1948-49 and longtime assistant coach for the Washington Redskins from 1944-47 and Chicago Bears from 1951-1962.
- Seymour Siwoff: Owner and president of Elias Sports Bureau, the official statisticians of the NFL, from 1952-2019.
- Amy Trask: CEO of the Oakland Raiders from 1997-2013.
- Jim Tunney: NFL official from 1960-1991. Worked as a field judge from 1960-67 and a referee from 1968-1991.
- Jack Vainisi: Scout for the Green Bay Packers from 1950-1960 as well as business manager from 1959-1960.
- Lloyd Wells: Scout for the Kansas City Chiefs from 1963-1974. First full-time African American scout in the NFL.
More:Hall of Famer Dan Fouts talks old Cleveland rival Brian Sipe, favorite current quarterback | https://www.cantonrep.com/story/sports/2022/07/07/pro-football-hall-fame-announces-54-seniors-coaches-contributors/10008971002/ | 2022-07-08T02:23:37Z |
Mexican fare ranks with Italian and Chinese as Americans’ top-three favorite global cuisines, according to the National Restaurant Association. Mexican flavors and ingredients have permeated all corners of American cuisine, infusing vibrant and varied tastes into Americans’ daily diet. But while tacos and enchiladas may seem commonplace in America now, that wasn’t always the case.
To be sure, Americans have been influenced by the flavors of our neighbor to the south for hundreds of years. But it wasn’t until refugees from southern and central Mexico brought their culinary traditions north to the U.S. during the Mexican Revolution that dishes like tacos found their way into the mainstream. An increasingly global culture (and a growing number of Mexican fast-food mainstays and high-end restaurants) have cemented Mexican food’s beloved role in U.S. cuisine. Which begs the question: Where does one go for the best Mexican food in Sherman?
To find out, Stacker turned to Tripadvisor to compile a list of the highest-rated Mexican restaurants in Sherman. Tripadvisor rankings factor in the average rating and number of reviews. Some restaurants on the list may have recently closed. Keep reading to see if your favorite spot made the list.
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#9. Taco Casa
– Rating: 3.5 / 5 (18 reviews)
– Detailed ratings: not available
– Price: $
– Address: 1821 Texoma Pkwy, Sherman, TX 75090-2615
– Read more on Tripadvisor
#8. Taco Cabana
– Rating: 3.5 / 5 (22 reviews)
– Detailed ratings: Food (3.5/5), Service (3.5/5), Value (3.0/5)
– Price: $
– Address: 3721 N US Highway 75, Sherman, TX 75090-2576
– Read more on Tripadvisor
#7. Garcia’s Tamales y Tacos
– Rating: 4.0 / 5 (10 reviews)
– Detailed ratings: not available
– Price: not available
– Address: #200 S. Montgomery, Sherman, TX
– Read more on Tripadvisor
#6. Chipotle Mexican Grill
– Rating: 4.5 / 5 (11 reviews)
– Detailed ratings: not available
– Price: $
– Address: 875 E North Creek Dr, Sherman, TX 75090
– Read more on Tripadvisor
#5. LaMesa Mexican Restaurante & Cantina
– Rating: 3.5 / 5 (81 reviews)
– Detailed ratings: Food (3.5/5), Service (4.0/5), Value (3.5/5), Atmosphere (3.5/5)
– Price: $
– Address: 2124 Texoma Pkwy, Sherman, TX 75090-2622
– Read more on Tripadvisor
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#4. Lupe’s Tamales
– Rating: 4.0 / 5 (24 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.5/5)
– Price: $
– Address: 129 E Wall St, Sherman, TX 75090-5930
– Read more on Tripadvisor
#3. Catrina’s Cocina & Tequila Bar
– Rating: 4.0 / 5 (42 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.5/5)
– Price: $$ – $$$
– Address: 306 East Highway 82 near intersection of US Hwys 82 and 75, Sherman, TX 75092
– Read more on Tripadvisor
#2. Mariachi’s Fine Mexican Food
– Rating: 4.5 / 5 (49 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.5/5)
– Price: $$ – $$$
– Address: 1909 Texoma Pkwy Ste 103, Sherman, TX 75090-2668
– Read more on Tripadvisor
#1. Camino Viejo Mexican Restaurant
– Rating: 4.5 / 5 (158 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.5/5), Atmosphere (4.0/5)
– Price: $$ – $$$
– Address: 110 E Houston St, Sherman, TX 75090-5908
– Read more on Tripadvisor | https://cw33.com/lifestyle/food-and-drink/highest-rated-mexican-restaurants-in-sherman-according-to-tripadvisor-2/ | 2022-07-25T19:29:19Z |
Investigators issue subpoena to National Archives for access to classified documents Trump took to Mar-a-Lago
By Kaitlan Collins and Evan Perez, CNN
Investigators issued a subpoena to the National Archives and Records Administration for access to classified documents that were taken to former President Donald Trump‘s home in Florida, according to two people familiar with the matter.
The move is the first overt indication of an ongoing investigation into the handling of classified White House documents that were taken to the former President’s Mar-a-Lago residence after he left office.
The subpoena is part of the formal process that FBI investigators and Justice Department prosecutors use to take possession of the boxes of documents from the Archives, which retrieved the boxes from the Florida resort.
The New York Times, which first reported on the subpoena, also said that interviews have been requested with people who worked in the White House at the end of the Trump presidency.
A spokesperson for Trump said the former President “consistently handled all documents in accordance with applicable law and regulations. Belated attempts to second-guess that clear fact are politically motivated and misguided.”
The White House declined to comment.
In February, the Archives requested a review of whether Trump violated the Presidential Records Act — which requires that all records created by presidents be turned over to the National Archives at the end of their administrations — and other possible violations, including the handling of classified information.
In April, in a first sign that the Justice Department would be investigating, the agency blocked the National Archives from sharing information about the contents of the boxes with Congress. At the time, a source familiar with the matter told CNN that a DOJ investigation into the documents had begun.
The FBI routinely conducts reviews to determine if classified information has been stored in ways that don’t meet US government requirements and if any sensitive information has been exposed.
As part of that, the FBI will work with intelligence agencies that oversee the specific classified information at issue to determine how sensitive the documents are. The intrusive nature of the reviews likely means the FBI will have to examine where the documents were stored and who had access to them.
Most such reviews don’t result in criminal charges, but the probe is the latest example of Trump coming under scrutiny. His conduct after the 2020 election as well as his business practices are under investigation in Georgia and New York, and the House select committee investigating the January 6, 2021, attack on the US Capitol is looking at Trump’s role.
This story has been updated with additional details.
The-CNN-Wire
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CNN’s Paul LeBlanc contributed to this report. | https://localnews8.com/news/2022/05/12/investigators-issue-subpoena-to-national-archives-for-access-to-classified-documents-trump-took-to-mar-a-lago/ | 2022-05-13T00:43:29Z |
New Data Shows Feeding Cows HydroGreen's Fresh Forage Significantly Lowers Methane Emissions
VANCOUVER, BC, May 17, 2022 /PRNewswire/ - Building on university research confirming greenhouse gas emission reductions from using its indoor growing technologies, CubicFarm® Systems Corp. ("CubicFarms" or the "Company") (TSX: CUB), a leading local chain agricultural technology company, today announced that its HydroGreen division has entered into an agreement with Deloitte LLP to develop a carbon commercialization program designed to provide high-quality carbon credits to a fast-growing global market.
HydroGreen's commercial scale Automated Vertical Pastures™ technology helps meet increasing demand for valuable farm-based inset and offset carbon credits from all manner of organizations with net-zero goals. HydroGreen will be uniquely positioned to supply carbon credits through the Company's agreement with Deloitte.
New research data demonstrates that feeding cows fresh livestock feed grown indoors in the Company's Automated Vertical Pastures™ significantly reduces methane emissions.
- Feeding dairy cows HydroGreen fresh forage lowers methane emissions by approximately 24 per cent on a per unit milk output basis. As a greenhouse gas ("GHG"), methane's 100-year global warming potential is up to 34 times greater than that of CO2. Measured over a 20-year period, that ratio more than doubles.
- Preliminary studies of beef cattle have demonstrated up to approximately 48 per cent lower methane emissions on a per kilogram weight gain basis.
- Overall, every cow fed HydroGreen fresh forage reduces methane emissions by about one metric tonne of CO2 equivalents, per year, per animal.
- HydroGreen further cuts GHG emissions by reducing the number of acres needed to grow feed crops, which in turn eliminates the need to till, fertilize, and irrigate those lands, as well as ship feed long distances.
HydroGreen is working with Deloitte's world-class advisory team to further quantify the extent to which Automated Vertical Pastures™ can deliver carbon insets and offsets. Third-party standards, such as Verra, can then be used to monetize GHG emission reductions by converting them into tradeable carbon credits.
"With about a third of global methane emissions coming from livestock, this data validates the GHG-reducing power of local chain ag-tech like never before," said Dan Schmidt, President, HydroGreen. "HydroGreen is unrivaled in the plant science and animal performance benefits of its automated indoor growing system for fresh forage. We're excited to develop HydroGreen's carbon program with Deloitte and ultimately make a huge difference in reducing global methane levels one cow at a time, every year, for years to come."
"We're thrilled to develop a carbon program for HydroGreen by leveraging our extensive background in carbon management for agriculture and livestock," said Nathan Steeghs, a Partner in Deloitte's Sustainability & Climate Change practice. "We need to focus on tech solutions that can help close the emissions gap in getting to net-zero and we believe in investing in solutions that are commercially viable today and technologies that have the potential to unlock significant carbon reductions for future generations."
Researchers gathered over 200,000 data points during a comparison study with 344 jersey dairy cows and 244 beef cattle. Results demonstrated how hydroponically sprouted grains grown in HydroGreen's Automated Vertical Pastures™ not only reduce methane in dairy cows and beef cattle but also improve feed efficiency, cow health, nutrition, and performance outcomes.
"HydroGreen's new carbon credit program delivers on-farm methane reductions that can be used by companies to effectively meet their urgent net-zero requirements," said Yoav Levsky, commercial dairy innovator, Chair and Partner of Total Dairy Solutions U.S.A., a global leader in dairy farm solutions. "We see HydroGreen's technology as one of the world's most valuable patents for addressing climate change with meaningful livestock methane reductions."
Earlier this month, CubicFarms announced new data showing that as much as 62 percent less energy is used in a CubicFarm System module compared to results reported by other vertical farms. "With electricity being the number one input cost in vertical farming, and with the burning of fossil fuels for power generation being one of the top sources of GHGs, CubicFarms' local-chain ag-tech provides enormous benefits to both farmers and organizations working to reduce their carbon footprints," said CubicFarms CEO Dave Dinesen. "It's heartbreaking to see the devastation of climate change and long supply chain disruptions impact so many people and economies, which is why we are so focused on leveraging ag-tech to provide solutions today and give hope for future generations."
HydroGreen's Automated Vertical Pastures™ technology utilizes a unique process to sprout grains, such as barley and wheat, in a controlled environment with minimal use of land, labour and water. HydroGreen's fully automated indoor growing technology performs all growing functions including seeding, watering, lighting, harvesting, and re-seeding – all with the push of a button – to deliver nutritious fresh forage for livestock without the typical investment in fertilizer, chemicals, fuel, field equipment, and transportation. Automated Vertical Pastures™ not only provide superior nutritious feed to benefit the animal, but also enables significant environmental benefits to the farm.
CubicFarms is a leading local chain agricultural technology company developing and deploying technology to feed a changing world. Its proprietary ag-tech solutions enable growers to produce high quality, predictable produce and fresh livestock feed with HydroGreen Nutrition Technology, a division of CubicFarm Systems Corp. The CubicFarms™ system contains patented technology for growing leafy greens and other crops onsite, indoors, all year round. CubicFarms provides an efficient, localized food supply solution that benefits our people, planet, and economy.
For more information, please visit www.cubicfarms.com.
On behalf of the Board of Directors
"Dave Dinesen"
Dave Dinesen, Chief Executive Officer
This release may contain certain "forward-looking statements" or "forward-looking information" under applicable securities laws. Forward-looking terms such as "may," "will," "could," "should," "would," "plan," "potential," "intend," "anticipate," "project," "target," "believe," "plan," "outlook," "estimate," or "expect" and other words, terms and phrases of similar nature are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are based on certain key expectations and assumptions made by the Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct.
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SOURCE CubicFarm Systems Corp. | https://www.wibw.com/prnewswire/2022/05/17/cubicfarms-deloitte-join-forces-new-carbon-commercialization-program/ | 2022-05-17T12:04:20Z |
ATIF Provided OTC Listing Advisory Services to Addentax in 2016
IRVINE, Calif., Sept. 2, 2022 /PRNewswire/ -- ATIF Holdings Limited (Nasdaq: ATIF) (the "Company," or "We"), a holding company providing business and financial consulting services in Asia and North America, is pleased to announce that its client, Addentax Group Corp. (Nasdaq: ATXG, "Addentax"), whose common stocks was traded on OTC Markets, has been approved to list on Nasdaq Capital Market and made a strong debut on August 31, 2022.
Addentax is an integrated service provider focusing on garment manufacturing, logistics service, property management and subleasing, and epidemic prevention supplies. It announced the pricing of an underwritten public offering (the "Offering") of 5,000,000 shares of its common stock at a price to the public of $5.00 per share, for total gross proceeds of approximately $25 million, before deducting underwriting discounts and other related expenses.
On its first day of trading on August 31, 2022, Addentax opened at $27.00 and closed the day at $656.54, a 13,031% jump from the offering price $5.00 with a market cap of $20.8 billion.
Jun Liu, President, Chairman of the Board, and CEO of ATIF, commented, " We are excited to hear the news and we congratulate Addentax on its successful uplist to Nasdaq! It takes professionalism and patience to nurture a company. We served as a advisor to Addentax on its OTC listing in 2016 and today it finally made its debut on Nasdaq. Moreover, Addentax shows its strong performance on its first day of trading, and its market capitalization has soared 130 times on its closing day. I sincerely hope that with the boost of the market, Addentax will make further achievements and continue its good performance!"
About ATIF Holdings Limited
ATIF Holdings Limited ("ATIF") is a holding group with business consulting, asset management, and investment businesses, with offices in Los Angeles, California, Hong Kong, and Shenzhen, China. ATIF mainly provides IPO Advisory Services to small and medium-sized enterprises in Asia and North America. ATIF has advised several enterprises in China in their plans to become publicly listed in the United States. ATIF was awarded the "Top 10 Best Listed Companies 2019" from the "Golden Bauhinia Award," the highest award in Hong Kong's financial and securities industry. For more information, please visit https://ir.atifchina.com/.
To learn more about IPOEX, our financial services platform, please visit: https://www.ipoex.com/
For more information about NFTDPO, our NFT service division, please visit https://nftdpo.com/.
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Forward-Looking Statements
Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantee of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: future financial and operating results, including revenues, income, expenditures, cash balances and other financial items; ability to manage growth and expansion; current and future economic and political conditions; ability to compete in an industry with low barriers to entry; ability to obtain additional financing in the future to fund capital expenditures; ability to attract new clients, complete projects for clients, and further enhance brand recognition; ability to hire and retain qualified management personnel and key employees; trends and competition in the financial consulting services industry; a pandemic or epidemic; the occurrence of any event, change or other circumstances that could affect the Company's ability to continue successful development and launch of its NFT collection; the possibility that the Company may not succeed in developing its NFT platform and business due to, among other things, changes in the business environment, competition, changes in governmental regulation, or other economic and policy factors; the ability of the Company to continue compliance with the development of applicable regulatory regulations in connection with blockchain, digital assets and the NFT industry; the possibility that the Company's ongoing NFT services may be adversely affected by other economic, business, and/or competitive factors; and other factors listed in the Company's annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions you that actual results may differ materially from the anticipated results expressed or implied by the forward-looking statements we make. You should not rely upon forward-looking statements as predictions of future events. Forward-looking statements represent our management's beliefs and assumptions only as of the date such statements are made. These forward-looking statements are made as of the date of this news release.
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SOURCE ATIF Holdings Limited | https://www.kxii.com/prnewswire/2022/09/02/atif-holdings-congratulates-its-client-addentax-group-corp-its-uplist-nasdaq-raising-25-million/ | 2022-09-02T12:55:46Z |
BURNSVILLE, Minn., April 13, 2022 /PRNewswire/ -- Dr. Uzma Samadani, A Minneapolis neurosurgeon renowned for spine tumor resection and complex neurotrauma repair has completed 4 percutaneous navigated spine fusions with the Inspired Spine OLLIF technology. Dr. Samadani is the first surgeon in Minneapolis and among the first in the country to perform fully percutaneous, single position, navigated anterior/posterior spine fusion. Dr. Samadani explained "Outpatient percutaneous spine surgery represents the future and I am happy to be able to offer it to my patients. The Inspired Spine procedure reduces surgical time, muscle and soft tissue disruption, and blood loss to enable faster healing and mobilization after spine fusion. The total blood loss for my first 4 cases averaged less than 25 cc per patient."
Dr. Hamid Abbasi, Neurosurgeon and CMO of Inspired Spine who developed the OLLIF procedure and its instrumentation noted "Spine care is very complex and even in 2022 most spine surgeries are performed via large open incisions with cauterization of underlying tissues, retraction and blood loss. We live in a pivotal moment as the spine field transitions to true MIS, which tremendously benefits our patients. We provide training and support for Spine Surgeons around the world, and are proud to help local surgeons like Dr. Samadani to bring this truly marvelous technology to our patients right here in our backyard in Minnesota." Dr. Abbasi has been training surgeons from around the world on the OLLIF technique since 2012 and is expanding the Inspired Spine Network nationally and globally.
The OLLIF procedure is a true minimally invasive lumbar fusion technique that employs an incision of 15mm, produces up to 90% less blood loss than a traditional fusion, and requires no muscle detachment to access the disc space.
Many patients are ambulatory within hours after surgery and are often discharged the same day. No deep infections have occurred during the first 1,500 procedures. By tremendously reducing the risks associated with surgery the procedure can be performed safely in elderly patients and patients with high BMI.
Inspired Spine has published 9 peer reviewed studies demonstrating significant reduction in the cost of the surgery, hospital stay reduction in MN from 4.2 days to 1.6 days, and a 20-fold lower likelihood of infection.
Inspired Spine is a Minnesota based company with 3 centers in Minnesota (Burnsville, Alexandria, and Crookston,) and is planning to open up nationwide centers in California and Texas in the next 12 months.
Dr. Samadani is a neurosurgeon who operates at the Minneapolis VA Health Care System, North Memorial and Maple Grove Hospitals. For an appointment call 763 588 0661.
Call Inspired Spine at 952-405-6714 or visit www.inspiredspine.com for more information on the procedures or to set up a complimentary MRI review.
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SOURCE Inspired Spine | https://www.kxii.com/prnewswire/2022/04/13/minnesota-neurosurgeon-among-first-country-perform-navigated-spine-fusions-with-inspired-spine-ollif-technology/ | 2022-04-13T21:38:17Z |
Cheney’s defeat end of an era for GOP; Trump’s party now
WASHINGTON (AP) — Liz Cheney’s resounding primary defeat marks the end of an era for the Republican Party as well as her own family legacy, the most high-profile political casualty yet as the party of Lincoln transforms into the party of Trump.
The fall of the three-term congresswoman, who has declared it her mission to ensure Donald Trump never returns to the Oval Office, was vividly foreshadowed earlier this year, on the first anniversary of the Jan. 6 attack on the Capitol.
As the House convened for a moment of silence, Cheney, who is leading the investigation into the insurrection as vice chair of the 1/6 committee, and her father, former Vice President Dick Cheney, stood almost alone on the Republican side of the House floor.
Democratic lawmakers streamed by to shake their hands. Republicans declined to join them.
“Liz Cheney represents the Republican Party as it used to be. ... All of that is gone now,” said Geoff Kabaservice, vice president of political studies at the center-right Niskanen Center.
What comes next for Liz Cheney is still to be determined.
“Now the real work begins,” she said in an election night concession speech in Wyoming, summoning the legacy of both Abraham Lincoln and his Civil War-era military and presidential successor Ulysses Grant in her campaign against Trump.
Cheney could very well announce her own run for the White House — unlikely to win a hostile Republican Party’s nomination but to at least give those opposed to Trump an alternative.
Overnight, she transferred leftover campaign funds into a new entity: “The Great Task.” That’s a phrase from The Gettysburg Address.
“I will be doing whatever it takes to keep Donald Trump out of the Oval Office,” Cheney told NBC’s “Today” show early Wednesday. Pressed, she said that running for president “is something I’m thinking about and I’ll make a decision in the coming months.”
Whether she runs or not, her belief that Trump poses a danger to democracy is a conviction that runs deep in her family.
But it’s a view that has no home in today’s GOP.
Trump is purging the Republican Party, ridding it of dissenters like Cheney and others who dare to defy him, shifting the coast-to-coast GOP landscape and the makeup of Congress.
Of the 10 House Republicans including Cheney who voted to impeach Trump for inciting the Jan. 6, 2021 insurrection, at the Capitol, only two remain candidates for re-election. The others have bowed out or, like Cheney, have been defeated by Trump-backed challengers.
If Republicans gain control of the House and Senate in the November elections, the new Congress is destined to be remade in Trump’s image. However, his influence may in fact cut two ways, winning back the House for Republicans but costing the party the Senate if his candidates fail to generate the broader appeal needed for statewide elections.
“It’s just a party of Donald Trump’s fever dreams,” said Mark Salter, a former longtime Republican aide to the late Sen. John McCain.
“It’s just Donald Trump’s club.”
For 50 years, the Cheneys have had important influence in Washington, from the time Dick Cheney first ran for Congress — later being elected vice president — to the arrival of his daughter, elected in 2016 alongside Trump’s White House victory.
Identified with the hawkish defense wing of the Republican Party, the Cheneys with the Presidents Bush represented a cornerstone of the GOP in the post-World War II era, when it thrived as a party of small government, low taxation and muscular foreign policy.
Liz Cheney never wavered, chosen by House GOP colleagues to the same position her father held, the No. 3 Republican in the House, its highest-ranking woman.
But the Jan. 6, 2021, attack on the Capitol changed all that.
Cheney was unequivocal, laying blame for the attack on the defeated president and his false claims of voter fraud and a rigged election.
Trump “summoned this mob, assembled the mob and lit the flame of this attack,” she said at the time, announcing her vote to impeach.
“There has never been a greater betrayal by a president of the United States of his office and his oath to the Constitution.”
House Republican leader Kevin McCarthy initially defended Cheney but quickly reversed as Republicans booted her from party leadership. When Democratic Speaker Nancy Pelosi named Cheney to the 1/6 panel, her exile was all but complete.
Trump gloated at Cheney’s GOP primary defeat Tuesday night, deriding her as “sanctimonious” and a “fool” for suggesting his claims of a rigged election were false.
Trump had swooped into the Cowboy State to rally for Harriet Hageman, who was once highly critical of him but beat Cheney by embracing the former president, backed by McCarthy and other party leaders.
Cheney’s defeat follows that of the last Bush in public office, Jeb’s son George P. Bush, who was defeated in the Republican primary for Texas attorney general by Trump-backed Ken Paxton in May.
On Fox News, conservative author Charlie Kirk called Tuesday’s election a “mass repudiation” of the Bush-Cheney-McCain era.
Rep. Elise Stefanik of New York, who replaced Cheney in House GOP leadership and endorsed Hageman, said in a statement she was glad to see Pelosi’s “puppet” defeated.
Former Sen. Alan Simpson of Wyoming who served in Congress alongside Dick Cheney and has known Liz Cheney since she was a child, says he can no longer recognize the party that he joined, casting his first presidential vote for Dwight Eisenhower.
“What’s happened to our party is a fear of Donald J. Trump,” Simpson said.
Founded in the mid-19th century, the Republican Party’s core conservative values have shifted in the Trump era into a strain of politics that is more inward focused on grievances at home and isolationism abroad.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/08/17/cheneys-defeat-end-an-era-gop-trumps-party-now/ | 2022-08-17T22:25:22Z |
SAN DIEGO, May 17, 2022 /PRNewswire/ -- Shadowbox, a leading innovator in healthcare automation solutions, is excited to announce the results of a case study with leading genetic testing company, Myriad Genetics, that not only eliminated cumbersome manual work, but also increased medically appropriate germline diagnostic test orders by more than 800%. Greg Stein, CEO of Shadowbox presented the results of the case study performed in conjunction with Myriad Genetics at the Executive War College conference on April 28, 2022, attended by 1,000+ executives from the diagnostic laboratory and supporting industry.
Co-presented with Sam Sgambati, National Director of Sales, Urology of Myriad Genetics the presentation showcased how Myriad Genetics implemented Shadowbox's cutting edge, healthcare integration and automation platform technology to advance their interoperability efforts and eliminate manual processes. "Shadowbox technology enabled Myriad to pursue our growth strategy more efficiently, resulting in a significant increase in volume with high customer satisfaction," said Sam.
"We are thrilled to partner with Myriad Genomics to enhance interoperability, automate genetic test orders, and ensure complete information for billing and claims," said Gregory A. Stein, Shadowbox CEO and co-founder. "With Shadowbox, Myriad increased germline test ordering through their physician offices by more than 800%. We have also expanded our product offering to meet the needs of Myriad and their customers, with new value-added functionality that improves ordering capabilities and provides critical referring physician information."
Shadowbox is a ground-breaking, patented integration and automation platform built for healthcare. By powering a browser with security, AI, and user-driven cross-application connections, Shadowbox offers instant integration and automation across the healthcare ecosystem. For more information, visit the company's website: www.shadowbox.com.
Myriad Genetics is a leading genetic testing and precision medicine company dedicated to advancing health and well-being for all. Myriad discovers and commercializes genetic tests that determine the risk of developing disease, assess the risk of disease progression, and guide treatment decisions across medical specialties where critical genetic insights can significantly improve patient care and lower healthcare costs. For more information, visit the company's website: www.myriad.com.
The Executive War College Conference is a conference put on by The Dark Intelligence Group, which is referred to as the "clinical laboratory industry's pre-eminent source for essential market intelligence and business news". The Executive War College is a nationally recognized event and is considered a "must attend" for all laboratory executives, managers, and IVD companies. For more information, visit the event's website: www.executivewarcollege.darkintelligencegroup.com/executive-war-college
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SOURCE Shadowbox, Inc. | https://www.mysuncoast.com/prnewswire/2022/05/17/shadowbox-technology-facilitated-orders-myriad-genetics-germline-diagnostic-increasing-volume-by-more-than-800/ | 2022-05-17T16:15:17Z |
Commitment to openness and employee opportunity earns UST the prestigious distinction for the second year in these two geographies
ALISO VIEJO, Calif., Sept. 1, 2022 /PRNewswire/ -- UST, a leading digital transformation solutions company, is proud to be recognized as a 2022 Great Place to Work® in the United States and Mexico. The prestigious award is based entirely on survey results from current employees and represents the second year that UST has earned this distinction for both the United States and Mexico. The company is Great Place to Work certified also in India, the U.K., and Malaysia.
Great Place to Work (GPTW) is a leading global authority on workplace culture. Since 1992, the organization has surveyed more than 100 million employees worldwide, using these deep insights to better understand what makes a workplace attractive to current and future employees. In addition, GPTW helps organizations define their culture and produce better business results by creating a high-trust work experience for all employees.
Certification results are determined by the use of two unique tools which evaluate and identify the best workplace cultures: the Trust Index Survey which accepts anonymous feedback from employees and the Culture Audit which evaluates the people practices of each organization. These deep dives into the values, culture, people practices, programs, benefits and more saw UST emerge with high marks for the second year in both the United States and Mexico.
"UST has always been committed to building a welcoming workplace where our team members are presented with opportunities to learn, grow and advance their careers. This recognition from Great Place to Work is meaningful to us and we are grateful to be given this certification based on the feedback of our employees who are the foundation of our success," said Kavita Kurup, Global Head for Human Resources, UST.
"The Great Place to Work Certification™ isn't something that comes easily – it takes ongoing dedication to the employee experience. It's the only official recognition determined by employees' real-time reports of their company culture. Earning this designation means that UST is one of the best companies to work for in the country," said Sarah Lewis-Kulin, Vice President of Global Recognition, Great Place to Work.
This is the latest in a long list of recognitions and certifications establishing UST as a premier workplace. In addition to the certification from GPTW, UST was named 'Top Employer 2022' in North America, Asia Pacific, and Ten Countries by the 'Top Employers Institute (TEI)', and was honored with a Glassdoor Employees' Choice Award for being one of the Top 100 Best Places to Work in 2020.
According to research conducted by Great Place to Work, job seekers are 4.5 times more likely to find a great boss at one of the workplaces it has certified. Additionally, employees at certified workplaces are 93% more likely to look forward to coming to work and are twice as likely to be paid fairly, earn a fair share of the company's profits and have a fair chance at promotion opportunities. To learn more about UST's certification, please visit GPTW page.
With over 30,000 employees working in more than 30 countries, UST boasts a dedicated team of technology professionals and innovators working to deliver digital transformation and pioneer creative solutions that create value for leading companies worldwide.
For more information about careers at UST, please visit https://www.ust.com/careers
About UST
For more than 22 years, UST has worked side by side with the world's best companies to make a real impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Through our nimble approach, we identify their core challenges, and craft disruptive solutions that bring their vision to life. With deep domain expertise and a future-proof philosophy, we embed innovation and agility into our clients' organizations—delivering measurable value and lasting change across industries, and around the world. Together, with over 30,000 employees in 30+ countries, we build for boundless impact—touching billions of lives in the process. Visit us at www.UST.com
About Great Place to Work Certification™
Great Place to Work® Certification™ is the most definitive 'employer-of-choice' recognition that companies aspire to achieve. It is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-trust workplace. Great Place to Work Certification is recognized worldwide by employees and employers alike and is the global benchmark for identifying and recognizing outstanding employee experience. Every year, more than 10,000 companies across 60 countries apply to get Great Place to Work-Certified.
About Great Place to Work®
Great Place to Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Their employee survey platform empowers leaders with the feedback, real-time reporting and insights they need to make data-driven people decisions. Everything they do is driven by the mission to build a better world by helping every organization become a great place to work For All™.
Learn more at greatplacetowork.com and on LinkedIn, Twitter, Facebook and Instagram.
Media Contacts, UST:
Tinu Cherian Abraham
+1 (949) 415-9857
Merrick Laravea
+1 (949) 416-6212
Neha Misri
+91-9284726602
media.relations@ust.com
Media Contacts, U.S.:
S&C PR
+1-646.941.9139
media@scprgroup.com
Media Contacts, Australia:
Team Lewis
ust@teamlewis.com
Media Contacts, U.K.:
FTI Consulting
UST@fticonsulting.com
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SOURCE UST | https://www.kxii.com/prnewswire/2022/09/01/ust-receives-2022-great-place-work-certification-us-mexico/ | 2022-09-01T14:13:32Z |
CLEVELAND, June 17, 2022 /PRNewswire/ -- Rising foam prices and short supply are leading to pent up demand in the appliance segment of the global foamed plastic insulation market, finds a new Freedonia Group analysis:
- In 2020, demand for freezers and refrigerators – which had been nearing a cyclical peak – rose in many developed countries as consumers around the world sought more storage for nonperishable foods, first to stockpile and later to reduce the frequency of shopping trips.
- Additionally, demand in the US rose along with home improvement spending, as consumers used their disposable income to upgrade their living spaces.
However, suppliers were unable to meet demand in 2020 and into 2021, as production was shut down in many parts of the world (particularly China, which continues to pursue a zero-COVID policy):
- Disrupted supply chains and rising prices for appliances (due in part to extruded polystyrene price increases) caused consumers to further delay sales.
- Meanwhile, appliance demand in the nonresidential market also grew, as expanding food delivery services and curbside grocery pickup programs caused retailers and restaurants to look to invest in cold storage.
As a result, demand for foamed plastic insulation used in appliance manufacturing will be strong through 2025, as pent up demand in the early part of the forecast period is released.
Global demand for foamed plastic insulation is forecast to rise 4.0% per year to 9.1 million metric tons, valued at $29.6 billion, in 2025. Demand will be driven by:
- a global rebound in construction activity from the low levels experienced in 2020 due to the COVID-19 pandemic
- advances in nonresidential building construction, particularly in the Asia/Pacific region
- increasingly stringent energy efficiency and fire safety policies throughout the world, which often call for greater insulation usage in buildings
- rising production of motor vehicles, appliances, aerospace equipment, HVAC equipment, and industrial equipment
However, below average building construction outlooks in the US and Japan, as well as continued declines in single-family housing construction in China, will provide a check on even faster gains.
Global Foamed Plastic Insulation, now available from the Freedonia Group, provides historical data (2010, 2015, and 2020) and forecasts for 2025 and 2030 for foamed plastic insulation demand by product (in dollars and metric tons) and market (metric tons and square meters R-1). Demand in value terms is shown at the manufacturers' level and excludes distributor and retailer markups.
Products:
- expanded polystyrene (EPS), including graphite polystyrene
- polyurethane (PUR) and polyisocyanurate (PIR), including rigid board and spray polyurethane foam (SPF) types
- extruded polystyrene (XPS)
- small volume products (including, elastomeric, phenolic, polyolefin, melamine)
Markets:
- residential buildings
- nonresidential buildings
- industrial and plant equipment (e.g., machinery boilers, pipes, tanks)
- appliances (e.g., refrigerators, freezers, dishwashers, clothes washers and dryers)
- HVAC/air distribution equipment
- transportation equipment (e.g., motor vehicles, aerospace equipment, ships and boats, railroad equipment
- other insulation markets (including insulated coolers and thermoses, insulated packaging, furniture, bedding, nonbuilding/infrastructure construction, and heavy machinery)
About the Freedonia Group - The Freedonia Group, a division of MarketResearch.com, is the premier international industrial research company, providing our clients with product analyses, market forecasts, industry trends, and market share information. From one-person consulting firms to global conglomerates, our analysts provide companies with unbiased, reliable industry market research and analysis to help them make important business decisions. With over 100 studies published annually, we support over 90% of the industrial Fortune 500 companies. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for custom research: +1 440.842.2400.
Press Contact:
Corinne Gangloff
+1 440.842.2400
cgangloff@freedoniagroup.com
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SOURCE The Freedonia Group | https://www.kxii.com/prnewswire/2022/06/17/pent-up-demand-boost-growth-appliance-segment-global-foamed-plastic-insulation-market/ | 2022-06-17T15:27:18Z |
— Exiting non-core businesses and geographies to prioritize higher-margin business initiatives —
— Expects to deliver approximately $326 million in non-GAAP annualized cost savings in 2023 —
— Provides preliminary revenue and gross margin ranges for the second quarter of 2022; amends full-year 2022 financial guidance —
— Conference call and webcast today at 5:00 p.m. Eastern Time / 2:00 p.m. Pacific Time —
SAN FRANCISCO, July 18, 2022 /PRNewswire/ -- Invitae (NYSE: NVTA), a leading medical genetics company, today announced a comprehensive plan to realize the full potential of its industry-leading genetics platform. The plan introduces a significant realignment of the company's operations in support of business lines and geographies that generate sustainable margins, provide the best return to fuel future investment and accelerate the company's path to positive cash flow. The plan further helps ensure Invitae remains at the forefront of innovation and advancements in genomics by allocating resources towards the company's core genome sequencing and genome management platforms that have the potential to improve healthcare outcomes.
The operational realignment includes streamlining and cost reduction programs that are expected to deliver approximately $326 million in annualized cost savings to be fully realized by 2023 and extend the company's cash runway to the end of 2024.
In a separate press release issued earlier today, Invitae announced executive and board-level transitions to lead the company in this next phase and achieve its mission of bringing the power of genetic information to mainstream medicine.
Kenneth D. Knight, Invitae's CEO, said, "We are at a unique, transitional moment in the rapidly-evolving genomics industry when companies that balance accessible, trusted and cutting-edge genomic information with disciplined operational excellence will be in a far stronger position to thrive and deliver transformative healthcare outcomes. This operational imperative is at the center of the plan we announced today, which will advance several critical objectives and is intended to drive long-term profitable growth. First, our refocused and realigned platform will allocate resources where they should be: at our core, we are a growth-oriented genomic testing platform. Second, aggressive actions to substantially reduce spend over the coming 12-18 months will improve operating leverage and align Invitae's cost structure with current market dynamics and the broader economy. These adjustments will meaningfully extend our cash runway and accelerate the pursuit of our long-term growth targets and positive cash flow. Most importantly, the plan reaffirms our commitment to leading the way in shaping the future of medicine through powerful genomic tools."
Mr. Knight continued, "Invitae's new operating plan has far-reaching and – for many of our dedicated, hard-working team members – difficult implications, and we regret that impact. Invitae is committed to working closely and compassionately with those adversely affected to help ensure as smooth a transition as possible, and we thank everyone on our team for their contributions. As we look to that future, we are as committed as ever to driving forward our mission and advancing the kind of transformative healthcare that is Invitae's core."
At a high level, Invitae will eliminate non-core operations while realigning and sharpening its focus on the portfolio of businesses that generate sustainable margins and deliver returns to fuel future investment. In the testing business, Invitae will shift operational and commercial efforts to accelerate positive cash flow by maintaining robust support of the higher-margin, higher-growth testing opportunities among oncology, women's health, rare disease and pharmacogenomics. The company also plans to continue its expansion and integration of key digital health-based technologies and services in order to create a differentiated model in genetic health. Longer-term, Invitae remains committed to its genomic management business. The company believes that it holds outsized growth potential and intends to continue to prioritize the tools, partnerships and applications that support the development of genome management as the catalyst for the future of healthcare.
- Headcount and office/lab space: The company plans workforce reductions aligned with its newly-streamlined operations. The company is also taking immediate steps to consolidate underutilized office and laboratory space.
- Portfolio optimization: The company has conducted a rigorous assessment of its product portfolio as well as the associated research & development and commercial spending. The new plan shifts the focus to programs relevant to the core testing businesses to drive near-term cost of goods sold (COGS) reductions. These programs will speed the pathway to positive cash flow and drive the completion of the genome management platform that places Invitae in the middle of patients, providers and the greater healthcare ecosystem. Initiatives and products that are not attached to the go-forward core priorities have been put on hold or eliminated.
- Other operating expenses: The company has performed an extensive review of internal and external costs and how those may align with the new business structure. Through that analysis, additional savings will be generated through the ongoing digitization of workflows, elimination of duplication and streamlined processes across the core platforms and rationalization of technology and external services spend.
- International business structure: As part of the plan announced today, the company will shift its focus to serving less than a dozen international geographies where the testing business demonstrates the potential to reach positive cash flow in a shorter duration. The company plans to conduct an orderly exit from territories and countries in which the business is more nascent, focusing on supporting those territories through the transition and allowing those providers and patients sufficient time to shift to alternative resources for their testing needs.
As noted, these changes are expected to deliver approximately $326 million in annual cost savings by the end of 2023 and allow the company to extend its cash runway to the end of 2024. Invitae will operate as a leaner, more focused organization, targeting both a stronger and more profitable testing services business as well as the completion and launch of a genome management platform, which will serve to allow patients, providers, and the entire healthcare ecosystem to utilize genomic information for a lifetime of better personal health decisions and outcomes.
Supporting the growth of the company's core testing and other commercial efforts remains a priority. The company will continue to drive its commercial efforts to best suit its differentiated platform offerings through a more efficient sales and marketing approach.
On a preliminary basis, the revenue for the quarter ended June 30, 2022 is approximately $136 million.
GAAP gross margin in the second quarter of 2022 is expected to be 18-19%. Non-GAAP gross margin is estimated to be 39-40%.
Cash, cash equivalents, restricted cash and marketable securities totaled around $737 million on June 30, 2022. Second quarter 2022 cash burn is estimated to be approximately $150 million.
Invitae has not completed preparation of its financial statements for the second quarter. The preliminary, unaudited results presented in this press release are based on current expectations and are subject to change. Actual results may differ materially from those disclosed in this press release.
Invitae has updated its 2022 annual revenue guidance to reflect the preliminary first half results and the anticipated impacts of the actions announced today, which include the sale or wind down of non-core products and services and the elimination of certain international territories to focus on more profitable revenue streams. Revenue in the near term is anticipated to be flat in the second half of 2022 over the first half, representing a low double-digit growth rate for full year 2022 over 2021 despite the impacts of the strategic realignment. We expect 2023 to be an adjustment year and for longer term revenue growth rates to return to between 15% and 25% beyond 2023.
Invitae is maintaining its previous 2022 cash burn guidance of $600-650 million, which includes an estimated $75-100 million to be used for reorganization activities and severance. The company also anticipates its cash burn to be in the range of $225-275 million in 2023, or a $325-425 million reduction from expected 2022 cash burn.
Non-GAAP gross margins are expected to continue to increase for the rest of the year, based on ongoing margin improvement efforts and the current realignment initiatives, to the range of 42-43% for full year 2022.
Non-cash related charges are expected to be recorded in the third quarter of 2022 and in following quarters.
Management will host a conference call and webcast today at 5:00 p.m. Eastern Time / 2:00 p.m. Pacific Time to discuss today's announcements. To access the conference call, please register at the link below:
https://event.on24.com/wcc/r/3870686/DE684B93E9A64871E619579F0C45867A
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.
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.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the expected impact, benefits, parameters, details and timing of the company's strategic business realignment or various aspects thereof; the company's beliefs regarding the potential of its business, and its business priorities; the company's preliminary financial results for the quarter ended June 30, 2022; the company's future financial and operating results, including estimated annual cost savings, cash runway, guidance for 2022 and beyond, and the drivers of future financial results; the company's beliefs regarding what is necessary to succeed in the industry; the company's focus for the remainder of 2022, and its expectations regarding future operating cash flows; and the company's expectations regarding its genome management platform and the benefits 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: actual results for the quarter ended June 30, 2022; the ability of the company to successfully execute its strategic business realignment and achieve the intended benefits thereof on the expected timeframe or at all; unforeseen or greater than expected costs associated with the strategic business realignment; the risk that the disruption that may result from the realignment may harm the company's business, market share or its relationship with customers or potential customers; 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 and the economic environment on the company's business; the company's ability to grow its business in a cost-effective manner; 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; laws and regulations applicable to the company's business; and the other risks set forth in the company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2022. These forward-looking statements speak only as of the date hereof, and Invitae Corporation disclaims any obligation to update these forward-looking statements.
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 margin 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 certain items from some or all of its preliminary non-GAAP operating results. These non-GAAP financial measures are limited in value because they exclude certain items that may have a material impact on the 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 also excludes certain items. 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 for historical periods that will be provided on the company's website in connection with today's conference call.
Investor Relations:
Hoki Luk
ir@invitae.com
Public Relations:
Amy Hadsock
pr@invitae.com
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SOURCE Invitae Corporation | https://www.mysuncoast.com/prnewswire/2022/07/18/invitae-announces-strategic-business-realignment-accelerate-its-path-positive-cash-flow-realize-full-potential-industry-leading-genetics-testing-platform/ | 2022-07-18T20:43:15Z |
A Cool Vendors™ report by Gartner focuses on analyzing 3 to 5 lesser-known, emerging vendors that offer potentially disruptive products or services.
SAN JOSE, Calif., June 14, 2022 /PRNewswire/ -- Gartner, a company that delivers actionable, objective insight to executives and their teams, has named Edge Impulse as one of the 2022 Cool Vendors in the quickly growing sector of edge computing.
The annual Cool Vendor report evaluates companies offering technology or services that are innovative, impactful, and/or intriguing. Cool Vendor selections must be founded within the past 10 years and have an annual revenue of less than $100 million. Gartner analysts further look at aspects such as use of technology, transformative nature, newness, and business model to make their picks.
The report states that "Edge computing remains a complex, highly diverse trend — but significant progress toward simplification and layered solutions has been made over the past year."
Edge Impulse's development platform guides developers through the entire process of collecting and structuring datasets, designing ML algorithms with ready-made building blocks, validating the models with real-time data, and deployment of the fully optimized production ready result to an embedded target.
"Being named a Gartner Cool Vendor is a huge honor for us at Edge Impulse," said CEO and co-founder Zach Shelby. "We feel it further highlights edge computing as a key emerging technology, confirms our position as a leader, and validates our efforts to democratize ML deployments for all developers and enterprises, allowing them to build more innovative products faster."
Gartner® and Cool Vendors™ are registered trademarks and service marks of Gartner, Inc. and/or its affiliates, and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Edge Impulse is the leading machine learning platform, enabling all enterprises to build smarter edge products. Their technology empowers developers to bring more ML products to market faster, and helps enterprise teams rapidly develop industry-specific solutions in weeks instead of years. The Edge Impulse platform provides powerful automation and low-code capabilities to make it easier to build valuable datasets and develop advanced ML with streaming data. With over 40,000 developers, and partnerships with the top silicon vendors, Edge Impulse offers a seamless integration experience to validate and deploy with confidence across the largest hardware ecosystem. To learn more, visit edgeimpulse.com.
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SOURCE Edge Impulse | https://www.kxii.com/prnewswire/2022/06/14/edge-impulse-named-2022-cool-vendor-edge-computing-by-gartner/ | 2022-06-14T20:25:16Z |
The time to define 6G's capabilities is now
BOULDER, Colo., Aug. 18, 2022 /PRNewswire/ -- A new report from Guidehouse Insights explores the opportunity for the 6G (sixth-generation wireless) technology market of the future. The report examines the different technologies that currently constitute 6G research efforts, as well as some of the use cases that next-generation networks will enable.
Even though 5G mobile networks are not yet fully rolled out worldwide, researchers and regulators are already developing and examining the technologies that will constitute 6G. According to a new report from Guidehouse Insights, since the advent of mobile broadband, demand for bandwidth and download speeds has increased steadily, as users have come to rely on mobile networks for ever more intensive uses in consumer, enterprise, and industrial settings.
"6G will build on advancements that powered 5G to deliver smarter AI and improved edge computing," says Francesco Radicati, senior research analyst with Guidehouse Insights. "This will enable new use cases through improved Industrial Internet of Things (IIoT) and digital twin capabilities."
In order to prepare for the future of 6G, mobile companies should prepare to pay more in 6G spectrum auctions; vendors must ensure security is built into the technology from the start, and governments and vendors must prevent 6G fragmentation by cooperating in the pre-standard phase, according to the report.
The report, 6G: Preparing for What's Coming in 2030, examines the different technologies that currently constitute 6G research efforts, as well as some of the use cases that will be enabled by next-generation networks. It also examines the possibility of a fragmented standard if stakeholders do not cooperate during the pre-standard phase, and offers key recommendations for mobile companies, developers, and governments in the years leading to a 6G launch. An executive summary of the report is available for free download on the Guidehouse Insights website.
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today's rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 13,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.
* The information contained in this press release concerning the report, 6G: Preparing for What's Coming in 2030, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
For more information, contact:
Cecile Fradkin
+1.646.941.9139
cfradkin@scprgroup.com
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SOURCE Guidehouse Insights | https://www.kxii.com/prnewswire/2022/08/18/guidehouse-insights-explores-future-opportunity-6g-technology/ | 2022-08-18T10:16:55Z |
LOS ANGELES, June 3, 2022 /PRNewswire/ -- Lawdragon has once again selected Equinox Strategy Partners' Managing Partner Jonathan R. Fitzgarrald for its 6th annual Lawdragon Global 100 Leaders in Legal Strategy & Consulting for his achievements as a key adviser on some of the most critical issues facing law firms. The 100 global leaders recognized are the "crème de la crème," according to the publisher.
Equinox Strategy Partners, headquartered in Los Angeles with an additional office in New York, specializes in training and coaching service professionals and firms—law, accounting and business management—on strategies for growing revenue and developing the next generation of talent.
"To remain successful in a competitive market, business-minded service firms are proactive in finding the professionals within their organizations who will assume the reins—both in terms of firm leadership as well as in generating revenue—and to give those professionals the client development and leadership skills to continue their success into the ever-changing future," said Fitzgarrald. "It is our passion to develop these professionals, and we are honored to be recognized for our work."
Equinox Strategy Partners facilitates 12-month, business development coaching and training programs that instill the client development and service skills required to sustain a growing practice. Clients say the training has boosted revenue by as much as 21 percent annually.
With a longstanding track record serving the legal profession, Fitzgarrald has a talent for finding untapped potential in people and prefers to consult in person. He believes that leaders are made not born. Competing in equestrian events has been a major influence and resilience builder—Jonathan literally must jump over every obstacle until he is the last one standing.
After graduating from Brigham Young University, Fitzgarrald spent nearly 20 years in-house at various firms, directing business development, marketing, public relations and communications. Nearly eight of those years were spent as Chief Business Development Officer at Greenberg Glusker, a full-service law firm. In 2017, Fitzgarrald was inducted as a Fellow into the College of Law Practice Management.
EQUINOX STRATEGY PARTNERS provides service professionals in law, accounting and business management firms with strategies for growth. With offices in Los Angeles and in New York, their professionals provide firms nationwide with strategies for driving revenue and boosting market visibility. For more information, visit: EquinoxStrategy.com.
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SOURCE Equinox Strategy Partners | https://www.wibw.com/prnewswire/2022/06/03/equinox-strategy-partners-jonathan-fitzgarrald-named-global-leader-legal-strategy-consulting/ | 2022-06-03T18:25:50Z |
MENDON, Mo. (AP) — An Amtrak passenger train traveling from Los Angeles to Chicago struck a dump truck Monday in a remote area of Missouri, killing three people and injuring dozens more as rail cars tumbled off the tracks and landed on their sides, officials said.
Two of those killed were on the train and one was in the truck, Missouri State Highway Patrol spokesman Cpl. Justin Dunn said. It was not immediately clear exactly how many people were hurt, the patrol said, but hospitals reported receiving more than 40 patients from the crash and were expecting more.
Amtrak’s Southwest Chief was carrying about 207 passengers and crew members when the collision happened near Mendon at a rural intersection on a gravel road with no lights or electronic controls, according to the highway patrol. Officials were still trying to determine the exact number of people aboard. Seven cars derailed, the patrol said.
Rob Nightingale said he was dozing off in his sleeper compartment when the lights flickered and the train rocked back and forth.
“It was like slow motion. Then all of a sudden I felt it tip my way. I saw the ground coming toward my window, and all the debris and dust,” Nightingale told The Associated Press. “Then it sat on its side and it was complete silence. I sat there and didn’t hear anything. Then I heard a little girl next door crying.”
Nightingale was unhurt and he and other passengers were able to climb out of the overturned train car through a window.
The collision broke the dump truck apart, he said.
“It was all over the tracks,” said Nightingale, an art gallery owner from Taos, New Mexico, who said he rides Amtrak regularly to Chicago.
It’s too early to speculate on why the truck was on the tracks, said National Transportation Safety Board Chairwoman Jennifer Homendy. A team of NTSB investigators will arrive Tuesday, she said. Trains won’t be able to run on the track for “a matter of days” while they gather evidence, she added.
At one point, KMBC-TV helicopter video showed rail cars on their side as emergency responders used ladders to climb into one of them. Six medical helicopters parked nearby were waiting to transport patients.
Close to 20 local and state law enforcement agencies, ambulance services, fire department and medical helicopter services responded, Dunn said. The first emergency responders arrived within 20 minutes of receiving a 911 call, he said.
Passenger Dian Couture was in the dining car with her husband celebrating their 40th wedding anniversary when she heard a loud noise and the train wobbled and then crashed onto its side.
“The people on our left-hand side flew across and hit us, and then we were standing on the windows on the right-hand side of the car,” Couture told WDAF-TV. “Two gentlemen in the front came up, stacked a bunch of things and popped out the window and literally pulled us out by our hands.”
Passengers included 16 youths and eight adults from two Boy Scout troops who were traveling home to Appleton, Wisconsin, after a backcountry excursion at the Philmont Scout Ranch in New Mexico. No one in the group was seriously injured, said Scott Armstrong, director of national media relations for the Boy Scouts of America. The Scouts administered first aid to several injured passengers, including the driver of the dump truck, Armstrong said.
High school students from Pleasant Ridge High School in Easton, Kansas, who were headed to a Future Business Leaders of America conference in Chicago, were also aboard, Superintendent Tim Beying told The Kansas City Star.
Cheryl Benjamin was on her way home to East Lansing, Michigan, after an Alasksan cruise and a trip to Disneyland. She said she felt a bump, then heard a squeal, then looked out the window and saw the cars in front of her falling to the right. Then her car fell, the last to derail. It all took about 45 seconds.
Benjamin told The Associated Press that the passengers organized themselves to escape the cars. Some of the Boy Scouts on board helped her climb out of the train and onto the ground. She was spending Monday evening in a local high school gym, where community members had brought in food for the passengers as they waited for buses to take them to hotels.
Republican state Rep. Peggy McGaugh was at the high school. She said locals heard about the crash and started frying chicken, making sandwiches and delivering pallets of water.
“Being the small community this is, nobody wants to be the hero but everyone wants to help,” McGaugh said.
Mike Spencer, who grows corn and soybeans on the land surrounding the intersection where the crash occurred, said everyone in Mendon understands that the intersection is dangerous, especially for those driving heavy, slow farm equipment. The approach to the tracks is on an inclining gravel road and it’s difficult to see trains coming in either direction, he said.
Spencer said he had contacted state transportation officials, Chariton County commissioners and BNSF Railway, which owns the track, about the potential danger. Spencer, who is on the board of a local levy district, said the dump truck driver was hauling rock for a levy on a local creek, a project that had been ongoing for a couple days.
Amtrak is a federally supported company that operates more than 300 passenger trains daily in nearly every contiguous U.S. state and parts of Canada.
It was the second Amtrak collision in as many days. Three people in a car were killed Sunday afternoon when an Amtrak commuter train smashed into it in Northern California, authorities said.
The Southwest Chief takes about two days to travel from Los Angeles to Chicago, picking up passengers at stops in between. Mendon, with a population of about 160, is about 84 miles (135 kilometers) northeast of Kansas City.
___
Associated Press reporters Margaret Stafford in Liberty, Mo., Stephen Groves in Sioux Falls, S.D., Grant Schulte in Omaha, Neb., and Steve Karnowski in Minneapolis contributed to this report.
__
This story has been corrected to show that the train was traveling from Los Angeles to Chicago. | https://cw33.com/news/ap-top-headlines/amtrak-train-collides-with-dump-truck-derails-in-missouri/ | 2022-06-28T08:22:58Z |
ANN ARBOR, Mich., June 15, 2022 /PRNewswire/ -- ShortPoint Inc. (https://www.shortpoint.com/), a leading intranet design software company, takes a remarkable step forward for the industry with its launch of "Live Mode," a frontend development experience that allows for simplistic integrations, adjustments and designs that can be implemented by anyone. An important step forward for intranet design, ShortPoint boasts that its Live Mode interface, allows users the ability to edit SharePoint pages in real-time, while they see it!
Founder & CEO, Sami AlSayyed explains, "The release of Live Mode is definitely a breakthrough milestone for ShortPoint. Giving intranet designers a design tool that allows them to see how their page design and content will look directly on the page. Our vision has now turned into reality. But this is just the beginning. We will be building more features into this new experience and I am very excited to see what great intranets our customers can create with ShortPoint."
A project, over 2 years in the making, ShortPoint has been working directly with its customers to bring the world a unified platform for complete SharePoint intranet design and customization. They have been gathering frequently requested features and listening to customer feedback to put together the best iteration of their design software yet. This collaboration has resulted in Live Mode, which allows designers to visually build and edit in real-time with an interface that is easy to use and extremely intuitive.
Anas Nakawa, CTO and Co-Founder of ShortPoint notes, "It started with a few innovative ideas that turned out to be what our customers wanted in our product and the team has worked tirelessly since then to bring it to life. We faced several challenges and this just brought the best out of every team member. We are also grateful to our customers who do not tire of providing feedback so that we can improve Live Mode to its fullest potential."
A strong example of ShortPoint's ongoing customer partnerships, Live Mode is an innovative leap forward, which has altered the landscape for SharePoint intranet design. Thanks to Live Mode, building a collaborative and engaging intranet page has never been easier to achieve.
In celebration of this product release, ShortPoint will host a webinar and a launch party on July 20th, 2022 at 12PM ET, focused on the new ShortPoint Page Builder with Live Mode.
All participants will receive a complimentary Link to download ShortPoint with Live Mode directly following the Product Launch party on July 20th.
Register Early to be a part of ShortPoint history: https://www.shortpoint.com/webinar
New customers who would like to try out Live Mode are welcome to download and activate ShortPoint now: https://shortpoint.com/trial
ShortPoint (ShortPoint.com) is a global company that is aimed at developing and constantly improving the best intranet design technology that enables users to build intranet sites from scratch with no coding, at minimum cost, and in record time.
Founded in 2013, ShortPoint has grown and evolved into a thriving, globally distributed company with over 1500 customers and more than 6 million intranet users. With international offices located in Ann Arbor, MI, Ukraine, Dubai and the United Kingdom, ShortPoint has won the hearts of some of the biggest names across numerous including: BP, General Electric, Epson, PWC, Toyota, Mitsubishi, NASA and many more in UAE such as Dubai Silicon Oasis, Aramex, Mohammaded Bin Rashid Space Center, Dubai Duty Free, and Air Arabia.
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SOURCE ShortPoint | https://www.kxii.com/prnewswire/2022/06/15/shortpoint-announces-launch-live-mode-new-platform-sharepoint-design/ | 2022-06-15T16:18:18Z |
ISTANBUL, May 20, 2022 /PRNewswire/ -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ: HEPS), a leading Turkish e-commerce platform, announces the resignation of Mr. Erol Çamur and Mr. Halil Korhan Öz, Hepsiburada's Chief Financial Officer, from its Board of Directors and the appointment of Dr. Halil Cem Karakaş and Mr. Ahmet Fadıl Ashaboğlu as of May 20, 2022. Mr. Halil Korhan Öz served on the Audit Committee of the Board of Directors.
The resignation of Mr. Erol Çamur and replacement by an independent director was anticipated at the time of Hepsiburada's initial public offering and neither the resignation of Mr. Erol Çamur nor the resignation of Mr. Halil Korhan Öz was the result of any disagreement with Hepsiburada. Hepsiburada and its Board of Directors express their appreciation to both Mr. Erol Çamur and Mr. Halil Korhan Öz for their many contributions to the Board of Directors and its committees and service to Hepsiburada. Mr. Halil Korhan Öz will continue to serve as the Company's Chief Financial Officer.
Both Dr. Karakaş and Mr. Ashaboğlu were proposed by the Company's Corporate Governance Committee to its Board of Directors as independent members of the Board of Directors. The appointments of Dr. Karakaş and Mr. Ashaboğlu will subsequently be submitted to the approval of Hepsiburada's shareholders at the Company's first Annual General Assembly.
Hepsiburada's Board of Directors has determined that, following the resignations of Mr. Erol Çamur and Mr. Halil Korhan Öz and appointment of Dr. Karakaş and Mr. Ashaboğlu, four of its nine members are independent members who satisfy the "independence" requirements set forth in Rule 10A-3 under the Securities Exchange Act of 1934, as amended, and Nasdaq's listing rules.
Dr. Cem Karakaş, 47, is an industrial restructuring leader in global snacking industry. He has led large scale restructuring and growth programs in biscuit and chocolate industries building and rationalizing several dozen manufacturing plants around the world as well as leading omni-channel market entry programs. Latest, Dr. Karakaş was the founding CEO of Pladis, the largest European biscuit player and one of the largest snacking companies globally. Prior to that Dr Karakaş held CEO and CFO roles in Yıldız Group and Erdemir Group of Turkey. Dr Karakaş is the executive chairman Aran Ard Teoranta and Rudi's Organic, the fastest growing European and North American free-from bakery players. Dr Karakaş has a Bachelor's degree in management from Middle East Technical University, Master's degree in business administration in finance from Massachusetts Institute of Technology and a Doctorate degree in finance from Istanbul University.
Mr. Ahmet Ashaboğlu, 51, holds a BSc degree from Tufts University and a Master of Science degree from Massachusetts Institute of Technology (MIT), both in Mechanical Engineering. He began his career as a Research Assistant at MIT in 1994, followed by various positions in capital markets within UBS Warburg, New York (1996-1999). After serving as a management consultant at McKinsey & Company, New York (1999-2003), Ahmet Ashaboğlu moved back to Turkey and joined Koç Holding as Finance Group Coordinator in 2003. He was appointed as Group Chief Financial Officer at Koç Holding in 2006 and served in that position until April 2022. Ahmet Ashaboğlu is currently a board member of Mavi, Yapı Kredi Bank, Koç Financial Services, Koç Finansman and Sirena Marine.
In connection with their appointment to the Board of Directors, each of Dr. Cem Karakaş and Mr. Ahmet Ashaboğlu will receive compensation as independent directors for their attendance at board meetings and, where applicable, additional fees for their service as a committee member or a committee chairperson in accordance with Hepsiburada's director compensation policy.
About Hepsiburada
Hepsiburada is a leading e-commerce technology platform in Turkey, combining a globally proven e-commerce business model with a one-stop 'Super App' to cater to our customers' everyday needs and to help make people's daily lives better. Customers can access a broad range of products and services including same-day delivery of groceries and essentials, products from international merchants, airline tickets and payment services through our embedded digital wallet, Hepsipay. As at the end of December 2021, we had seamlessly connected 41.8 million members and 75 thousand Active Merchants.
Founded in Istanbul in 2000, Hepsiburada was built to lead the digitalization of commerce in Turkey. As a female-founded organization, we are committed to meaningful action to empower women. Through our 'Technology Empowerment for Women Entrepreneurs' programme, we have reached around 29 thousand female entrepreneurs across Turkey to date.
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SOURCE Hepsiburada | https://www.kxii.com/prnewswire/2022/05/20/hepsiburada-announces-changes-its-board-directors/ | 2022-05-20T22:07:38Z |
Outdoor hospitality leader takes on operations of River's Rest Marina and Resort in partnership with National Land Lease Capital
OCEAN CITY, Md., April 12, 2022 /PRNewswire/ -- Blue Water, a Maryland-based outdoor hospitality specialist, continues its rapid expansion with the recent appointment of operational lead at River's Rest Marina and Resort in Charles City, Virginia in partnership with National Land Lease Capital. Blue Water, in partnership with NLLC, took control of the property on April 1st upon substantial completion of the newly renovated resort. NLLC acquired the property in 2019 via a foreclosure auction and quickly undertook a complete renovation, expansion, and rezoning of the property, which entailed expanding and improving its amenities by adding new RV sites, Inn renovations, a dog park, renovation of the marina, and expanding the playground.
As a premier picturesque waterfront destination for travelers in the Williamsburg area, River's Rest was a natural addition to the Blue Water portfolio in partnership with NLLC. The resort contains a 16.5-acre family-friendly environment connected to a 68-boat slip marina on the Chickahominy River. Guests can enjoy water sports and fishing on the river or spend time relaxing in the pool that is near the marina and resort's on-site restaurant, The Blue Heron. The resort is also near many attractions, including Colonial Williamsburg, Busch Gardens, and the Historic Triangle of Jamestown, Yorktown, and Williamsburg.
River's Rest offers guests 126 seasonal RV sites and three tiny homes to stay in, for a total of 129 sites. Visitors can also stay at The Inn at River's Rest, with 21 rooms to choose from including waterfront views and some pet-friendly and handicap-accessible accommodations. The resort will continue to host the Carefree Boat Club, which will have four slips and boats on site. While the club is a membership-only platform, two of their boats will be available for rent to River's Rest guests based on availability, including their popular sunset cruise boat. The boat will continue to be captained by Carefree Boat Club and includes a bar available for guests.
"This new addition fits right in with Blue Water's rapidly growing portfolio and our passion for waterfront recreation," said Todd Burbage, Blue Water's CEO. "Centrally located to popular destinations and steeped in history, this resort is one that families will want to return to year after year. River's Rest is a perfect addition to our unique brand of exceptional guest experiences as we continue to position Blue Water at the forefront of the outdoor hospitality industry."
There will be a grand opening event at the resort on Thursday, April 14th, which will include a ribbon-cutting, community open house, music, balloons, hors d'oeuvres, a raffle/giveaway for a weekend stay and dinner gift card, and stations with staff for the press and community to ask questions.
"River's Rest was built in true partnership with Charles City County," said Yogi Singh, Partner NLLC. We were thrilled with the community's response and commend the County's residents and officials for recognizing that the outdoor hospitality industry is rapidly expanding and provides jobs, revenue, opportunities for outdoor access and brings tourism to their doorstep. We are proud of what we have built and know it will be an asset to the community now and in the future."
To learn more and to book a stay, visit https://www.riversrestresort.com/.
About Blue Water:
Founded in 2002, Blue Water specializes in investing, developing, and managing RV resorts, campgrounds, hotels, and attractions. Blue Water's integrated approach to marketing, revenue management, and operations has quickly established itself as a hospitality industry leader. With dozens of resort-area properties in East Coast states from Maine to Florida, and new additions out west in Texas, Montana, and Oregon, the Blue Water family is committed to creating elite assets, delivering exceptional guest experiences, and enhancing the communities we serve. To learn more, visit BWDC.com.
About National Land Lease Capital:
NLLC is a real estate development company specializing in the acquisition, development, management, and repositioning of real estate assets in the outdoor hospitality sector. The firm utilizes a broad base of capital partnerships and prides itself on creating value and direct access to the sector in fund management, strategic joint ventures, and other unique platforms for institutions, investment managers, family offices, and ultra-high net worth individuals and organizations. To learn more, visit nl-lc.com.
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SOURCE Blue Water Development | https://www.mysuncoast.com/prnewswire/2022/04/12/blue-water-amp-national-land-lease-capital-announce-acquisition-new-property-virginias-historic-triangle/ | 2022-04-12T19:15:44Z |
Jackpot mania kicks up across the US as IGT's latest WAP game launches in key commercial gaming jurisdictions Nevada and New Jersey
LONDON, May 23, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that following a successful launch in tribal gaming jurisdictions, the high-performing Money Mania™ Wide Area Progressive (WAP) video slots game is now live in commercial gaming jurisdictions.
The action-packed Money Mania game is housed on IGT's award-winning, triple-screen PeakSlant32™ cabinet and features two compelling base game themes, Pharaoh's Fortune® and Cleopatra®. The game includes many player-favorite mechanics and is famous for its highly attractive, static top-level "Money Jackpot" and the frequency of its second-level, "Mania Jackpot" WAP jackpot.
Mohegan Sun Casino at Virgin Hotels Las Vegas, Circa Resort & Casino in Las Vegas, and Hard Rock Hotel & Casino Atlantic City are among the first commercial casinos in the U.S. to feature this compelling game.
"After playing IGT's Money Mania, I immediately knew that I had to give players at Circa Casino & Resort an opportunity to experience this high-excitement game," said Derek Stevens, Circa Resort & Casino CEO. "As we've seen with IGT's Wheel of Fortune and Megabucks games over the years, players actively seek out games that award frequent and significant jackpots. Our guests are readily embracing Money Mania on our gaming floors which leads me to believe that it will have real staying power."
"It has been exciting to watch IGT customers and their players benefit from the thrill of Money Mania's compelling gameplay and how frequently they're hitting the second-level jackpot," said Nick Khin, IGT Chief Operating Officer, Global Gaming. "In launching Money Mania in commercial jurisdictions and linking its liquidity between the largest gaming destinations in the U.S., IGT is elevating jackpot excitement across the country and giving our customers another way to engage players and differentiate their casino floors."
Through its early deployments in tribal casinos, Money Mania has consistently delivered on its high-performance promise by achieving more than 2x or above floor average play in many casinos. Additionally, players across the country are enjoying frequent payouts from the title's second-level jackpot that is linked through WAP technology.
To learn more about IGT's Money Mania video slots visit IGT.com. To watch a quick video about Money Mania visit YouTube.com.
About IGT
IGT (NYSE:IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 10,500 employees. For more information, please visit www.igt.com.
Contact:
Phil O'Shaughnessy, Global Communications, toll free in U.S./Canada +1 (844) IGT-7452; outside U.S./Canada +1 (401) 392-7452
Francesco Luti, +39 06 5189 9184; for Italian media inquiries
James Hurley, Investor Relations, +1 (401) 392-7190
© 2022 IGT
The trademarks and/or service marks used herein are either trademarks or registered trademarks of IGT, its affiliates or its licensors.
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SOURCE International Game Technology PLC | https://www.mysuncoast.com/prnewswire/2022/05/23/igt-money-mania-wide-area-progressive-driving-jackpot-excitement-commercial-gaming-jurisdictions/ | 2022-05-23T12:28:11Z |
PETAH TIKVAH, Israel, June 7, 2022 /PRNewswire/ -- SaverOne 2014 Ltd. (Nasdaq: SVRE) (NASDAQ: SVREW) (TASE: SVRE), a technology company engaged in the design, development and commercialization of transportation safety solutions designed to save lives by preventing car accidents resulting from the use of mobile phones while driving, today announced the closing of its previously announced underwritten U.S. initial public offering of 2,941,918 units, each consisting of one American Depositary Share (ADS) and one warrant to purchase one ADS, 208,282 pre-funded units, each consisting of one pre-funded warrant to purchase one ADS and one warrant to purchase one ADS, at a price to the public of $4.13 per unit ($4.129 per pre-funded unit), for gross proceeds of approximately $13 million, before deducting underwriting discounts and offering expenses.
The shares and warrants began trading on The Nasdaq Capital Market on June 3, 2022, under the ticker symbols "SVRE" and "SVREW," respectively.
In addition, SaverOne has granted the underwriter a 45-day option to purchase up to an additional 469,654 ADSs or pre-funded warrants and/or 469,654 warrants to purchase ADSs to cover over-allotments, if any, at the public offering price, less the underwriting discount. In connection with the closing of the offering, the underwriter has partially exercised its over-allotment option to purchase an additional 126,482 warrants to purchase 126,482 ADSs. The underwriter has retained the right to exercise the balance of its over-allotment option within the 45-day period.
The Company intends to use the proceeds for global sales and marketing expansion, for the development of SaverOne's Generation 2.0 and 3.0 solutions, research and development, working capital and general corporate purposes and possible future acquisitions.
ThinkEquity acted as sole book-running manager for the offering.
A registration statement on Form F-1 (File No. 333-263338) relating to the ADSs, pre-funded warrants and warrants was filed with the Securities and Exchange Commission ("SEC") and became effective on June 2, 2022. This offering is being made only by means of a prospectus. Copies of the final prospectus may be obtained from ThinkEquity, 17 State Street, 22nd Floor, New York, New York 10004, by telephone at (877) 436-3673, by email at prospectus@think-equity.com
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About SaverOne 2014 Ltd.
SaverOne is a technology company engaged in the design, development and commercialization of transportation safety solutions designed to save lives by preventing car accidents resulting from the use of mobile phones while driving. Our SaverOne system provides an advanced driver safety solution that can identify and monitor mobile phones located in the driver's vicinity and selectively block use of life-threatening applications. Learn more at https://saver.one/.
Forward Looking Statements
This press release contains "forward-looking statements" that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. For example, SaverOne is using forward-looking statements when it discusses the intended use of proceeds of the offering. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will" "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on SaverOne 2014 Ltd.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled "Risk Factors" in the final prospectus related to the public offering filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and SaverOne 2014 Ltd. undertakes no duty to update such information except as required under applicable law.
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SOURCE SaverOne | https://www.wibw.com/prnewswire/2022/06/07/saverone-2014-ltd-announces-closing-public-offering-nasdaq-listing/ | 2022-06-07T21:47:48Z |
The Search is on for McCormick's First-Ever Taco Theme Song, Calling Taco Lovers to Create an Original Jingle for a Chance to Win $50,000
HUNT VALLEY, Md., Aug. 18, 2022 /PRNewswire/ -- Today, the McCormick® brand and actress, singer, and television personality Keke Palmer have teamed up to announce the launch of 'America's Got Tacos', a nationwide search for the official McCormick Original Taco Seasoning-theme song. Following the success of last year's Director of Taco Relations job search, which garnered more than 5,000 submissions, 'America's Got Tacos' is calling on taco lovers to create an original jingle that showcases their love for all things tacos.
Today through August 31, 2022, taco aficionados who are at least 18 years of age and reside in the United States can submit creative videos showcasing their favorite taco recipe featuring McCormick Original Taco Seasoning at McCormick.com/AmericasGotTacos. The winner of the competition will receive $50,000 and a year's supply of McCormick Original Taco Seasoning.
"Last year, McCormick set out to find the Director of Taco Relations and were thrilled to receive so many engaging submissions from taco lovers across the country," said Jill Pratt, Chief Marketing Officer for McCormick. "From songs to skits, it's clear that McCormick fans love tacos – hard shell, soft shell, and everything in between. 'America's Got Tacos' is our way of giving fans the opportunity to tell their taco love story through song and put their own flavor on McCormick Original Taco Seasoning."
Made without artificial color, flavors, and no added MSG, McCormick Original Taco Seasoning is truly something to celebrate. As part of the partnership, Palmer will use her lyrical and culinary expertise to help narrow down entrant submissions and select the winner of 'America's Got Tacos.' Palmer will also use her social media channels to get fans excited and provide tips and tricks for creating a standout jingle.
"Enjoying a great meal with the people I love means everything to me," said actress, musician and McCormick partner Keke Palmer. "With your favorite recipe and playlist, taco night can turn any kitchen into a celebration worth singing about! That's why I'm excited to partner with McCormick and help taco lovers get creative and make memories."
To enter, applicants must submit a creative video of an original song incorporating their favorite taco recipe that is no longer than two (2) minutes in length. The song must not be a remake, parody or rendition of any existing song. Applicants are encouraged to display their personality and passion for tacos, including but not limited to inspiration about their favorite way to prepare tacos, their favorite toppings, or how their taco love story came to be. The winner will be selected by McCormick's appointed body of judges and will be notified via social media and a video call from Palmer. The winning submission will be featured on McCormick's official social media channels.
For the complete description of 'America's Got Tacos', visit McCormick.com/AmericasGotTacos. McCormick can also be found on McCormick.com, Instagram, Facebook, Pinterest and TikTok.
Media Note: To download high-resolution video and full contest description, please click HERE.
McCormick & Company, Incorporated is a global leader in flavor. With over $6 billion in annual sales across 170 countries and territories, we manufacture, market and distribute spices, seasoning mixes, condiments and other flavorful products to the entire food industry including e-commerce channels, grocery, food manufacturers and foodservice businesses. Our most popular brands include McCormick, French's, Frank's RedHot, Stubb's, OLD BAY, Lawry's, Zatarain's, Ducros, Vahiné, Cholula, Schwartz, Kamis, DaQiao, Club House, Aeroplane and Gourmet Garden. Every day, no matter where or what you eat or drink, you can enjoy food flavored by McCormick.
Founded in 1889 and headquartered in Hunt Valley, Maryland USA, McCormick is guided by our principles and committed to our Purpose – To Stand Together for the Future of Flavor. McCormick envisions A World United by Flavor where healthy, sustainable, and delicious go hand in hand. To learn more, visit www.mccormickcorporation.com or follow McCormick & Company on Twitter, Instagram and LinkedIn.
CONTACTS:
McCormick & Company
Cierra Colón
Cierra_Colon@mccormick.com
Sunshine Sachs
spices@sunshinesachs.com
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SOURCE McCormick & Company, Inc. | https://www.kxii.com/prnewswire/2022/08/18/mccormick-teams-up-with-keke-palmer-announce-americas-got-tacos-song-contest/ | 2022-08-18T13:24:30Z |
Texas sues health secretary over emergency abortion guidance
(AP) - The state of Texas sued the federal government Thursday after the Biden administration said federal rules require hospitals to provide abortions if the procedure is necessary to save a mother’s life, even in cases where state law mostly bans the procedure.
The lawsuit, which names the Department of Health and Human Services and Secretary Xavier Becerra among its defendants, says the guidance issued by the Biden administration earlier this week is unlawful, and that the Emergency Medical Treatment and Labor Act does not cover abortions.
“The Biden Administration seeks to transform every emergency room in the country into a walk-in abortion clinic,” Texas Attorney General Ken Paxton said as he announced the lawsuit. He said the federal government isn’t authorized to require emergency healthcare providers to perform abortions.
The legal wrangling is causing concern for doctors. Dr. Ghazaleh Moayedi, a Dallas-based OB/GYN and former abortion provider, said emergency departments may face these situations frequently — when patients experience miscarriages or ectopic pregnancies, or when a woman’s water breaks before a fetus is viable.
“Physicians shouldn’t be forced to call a lawyer, call an ethicist, call another lawyer, call a hospital administrator while a patient is actively dying,” she said. “It is unconscionable.”
The lawsuit comes after the Biden administration told hospitals on Monday that they “must” provide abortion services if the life of the mother is at risk, saying federal law on emergency treatment guidelines preempts state laws that have near total bans on the procedure, after the U.S. Supreme Court ruled that abortion is not a constitutional right.
In a letter to providers, the Department of Health and Human Services said medical facilities are required to determine whether a person seeking treatment may be in labor or whether they face an emergency health situation — or one that could develop into an emergency — and to provide treatment. The letter says if abortion is the necessary treatment to stabilize the patient, it must be done.
“When a state law prohibits abortion and does not include an exception for the life of the pregnant person — or draws the exception more narrowly than EMTALA’s emergency medical condition definition — that state law is preempted,” the letter said.
The department says its guidance doesn’t reflect new policy, but reminds doctors and providers of existing obligations under EMTALA, which was adopted in 1986 and signed by President Ronald Reagan.
But Texas officials disagree, and are asking a judge to set aside the Biden administration’s guidance and declare it unlawful.
The lawsuit says Biden is “flagrantly disregarding” the legislative and democratic process, and that the guidance forces “hospitals and doctors to commit crimes and risk their licensure under Texas law.”
The lawsuit said the EMTALA does not mandate, direct or suggest providing any specific treatment, and says nothing about abortion.
“On the contrary, EMTALA contemplates that an emergency medical condition is one that threatens the life of the unborn child,” the lawsuit says. “It is obvious that abortion does not preserve the life or health of an unborn child.”
The fall of Roe put in motion Texas’ trigger law that will ban virtually all abortions in coming weeks. Clinics have tried to continue serving patients in the meantime, but court battles over whether a dormant 1925 abortion ban can be enforced for now has already stopped most doctors from performing abortions. Abortions soon will be allowed in Texas only when a mother’s life is in danger or if she is at risk of “substantial impairment of a major bodily function.”
Laura Hermer, a professor at Mitchell Hamline School of Law in St. Paul, Minnesota. said Texas is more interested in its own sovereignty than in protecting pregnant women.
“It is dangerous to be pregnant in Texas,” said Laura Hermer, a professor at Mitchell Hamline School of Law in St. Paul, Minnesota. “People who are pregnant are going to die in Texas because of the position Texas is taking on this issue. This is not pro-life. There is nothing pro-life about this.”
Jonathan Turley, a professor at George Washington University School of Law, said it was surprising that the challenge came from a state government. “It’s usually the providers that would challenge any mandate of coverage that is not clearly established in federal law,” Turley said.
Moayedi, the Dallas doctor who is also a board member with Physicians for Reproductive Health, said the federal government’s guidance wasn’t helpful — and that Texas’ lawsuit instills fear among healthcare providers statewide.
“Healthcare providers have always been very hesitant to engage in anything that could be considered an abortion in our state unless they’re abortion providers,” she said.
The lawsuit says that doctors will be forced to chose between violating Texas law — which bans nearly all abortions — or jeopardizing their ability to receive Medicare funds. The lawsuit says the federal guidelines also conflict with the Hyde Amendment, which generally bars federal dollars from being used to fund abortions unless a pregnancy is the result of rape, incest or the woman’s life is in danger.
White House Press Secretary Karine Jean-Pierre said this is an example of an “extreme and radical” Republican elected official. She added: “It is unthinkable that this public official would sue to block women from receiving life-saving care in emergency rooms, a right protected under U.S. law.”
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/07/14/texas-sues-health-secretary-over-emergency-abortion-guidance/ | 2022-07-14T23:41:59Z |
OKLAHOMA CITY, July 15, 2022 /PRNewswire/ -- Tailwind, a leading small business marketing software platform, has now made email marketing integrated with social content generation and scheduling accessible on all new Tailwind subscription plans, including the free plan. The move marks an important step towards Tailwind's vision of offering an end-to-end marketing automation experience for small business owners.
"What we set out to create was a marketing system with unique tools that would save a lot of time, not a little, and would act like the marketing team our members needed," says Tailwind's CEO and Co-Founder, Daniel Maloney.
"We started with social media scheduling and publishing in the distribution space, specifically for Instagram and Pinterest, and moved the core experience to multi-network with the addition of Facebook publishing. Now, we've added email creation and publishing to the offering so users can manage distribution on their most important channels from within our platform."
Tailwind's users will now be able to manage their email list, create campaign emails personalized to their brand and build email automation workflows alongside their social media campaigns within the new tool.
"Tailwind makes it easy to keep it all in alignment. I have so many tools and accounts and Tailwind makes it so simple," says Christine Martell, Founder of Visuals Speak and Tailwind subscriber. "Without it, it's complicated so I don't send as many marketing emails as I should."
"We've found that a few repeated patterns really hurt small business success, including prioritizing just one or two marketing channels, not having a clear strategy or system, and struggling with the creative elements of marketing. Email marketing is no exception," says Paul Yokota, Lead Product Manager at Tailwind.
"By adding easy-to-use email capabilities with clear use cases within our product, we're alleviating the stress of managing that channel for small businesses. We're also providing the tools to help grow their businesses, save time and level up their marketing efforts across the board."
Tailwind is backed by Pilot Growth Equity.
Launched in 2015, Tailwind is a leading small business marketing platform that helps entrepreneurs, creators, sellers and marketers plan, create and execute world-class marketing campaigns across digital marketing platforms including Email marketing, Facebook, Instagram and Pinterest.
Enquiries
For additional information on Tailwind or enquiries of your involvement in future fundraising activity, please email bd@tailwindapp.com.
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SOURCE Bridesview Inc. dba Tailwind | https://www.mysuncoast.com/prnewswire/2022/07/15/tailwind-launches-expanded-email-marketing-capabilities-continued-evolution-full-suite-marketing-platform/ | 2022-07-15T18:03:21Z |
By integrating with SAP® SuccessFactors® Recruiting, VidCruiter's Video Interviewing Integration platform allows customers to invite candidates to VidCruiter video interviews, reference checks, skills tests, and much more
MONCTON, NB, June 23, 2022 /PRNewswire/ - VidCruiter today announced that its end-to-end recruitment platform, Video Interviewing Integration is now available on SAP® Store, the online marketplace for SAP and partner offerings. VidCruiter's platform integrates with SAP® SuccessFactors® Recruiting, allowing customers to invite candidates to video interviews, skills tests, and other VidCruiter hiring solutions.
"While managing talent falls under the umbrella of HR, its impact is felt across the entire organization," said JF Poirier, Director of Strategic Partnerships at VidCruiter. "Leveraging the latest technology to improve hiring accuracy, time-to-hire, and talent retention is integral to the overall health and long-term success of any organization. By partnering with SAP, we're striving to set the bar in enterprise recruitment with a fully integrated, end-to-end hiring experience that delivers high-quality employees in the most efficient and cost-effective way possible."
Businesses that use SAP technology can take their recruiting to the next level with VidCruiter's integrated hiring tools, built to increase workflow efficiencies, improve the candidate experience, and reduce costs and time-to-hire.
- Hire at record speed and reduce your organization's costs by more than 75 percent with digitized, automated workflows that eliminate resource-heavy tasks, helping your hiring team to focus on what's important.
- Create a better candidate experience with VidCruiter's easy-to-use, fully customizable hiring solutions, designed with the candidate and user experience in mind.
- Enjoy industry-leading tech support and customer service, including dedicated account managers for all clients and round-the-clock applicant support.
SAP Store, found at store.sap.com, delivers a simplified and connected digital customer experience for finding, trying, buying, and renewing more than 2,000 solutions from SAP and its partners. There, customers can find the SAP solutions and SAP-validated solutions they need to grow their business. And for each purchase made through SAP Store, SAP will plant a tree.
VidCruiter is a partner in the SAP PartnerEdge® program. The SAP PartnerEdge program provides the enablement tools, benefits, and support to facilitate building high-quality, disruptive applications focused on specific business needs – quickly and cost-effectively.
About VidCruiter
VidCruiter offers an all-in-one recruitment and video interviewing solution to facilitate every stage of a hiring journey, helping companies cut costs and reduce time-to-hire by up to 75 percent. Our technology allows clients to optimize and automate their current hiring workflow with maximum customizability. We offer solutions to apply structure and video to interviews, test on-the-job skills online, automate scheduling and reference checking, and much more, resulting in a streamlined, efficient end-to-end recruitment process. Read more.
© 2022 VidCruiter
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.
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SOURCE VidCruiter | https://www.mysuncoast.com/prnewswire/2022/06/23/recruitment-platform-by-vidcruiter-now-available-sap-store/ | 2022-06-23T17:30:33Z |
MCLEAN, Va., July 19, 2022 /PRNewswire/ -- Kasm Technologies is collaborating with SUSE to release SUSE Linux Enterprise Server (SLES) and openSUSE images within the Kasm Workspaces Containerized Desktop Infrastructure® platform for streaming remote workspaces directly to your web browser. The technical collaboration between Kasm Technologies and SUSE includes research and development on cloud orchestration and open-source technology for streaming desktops and applications to the browser.
A real-time on-demand demo of openSUSE Leap 15.4 can be launched within your browser by visiting: https://app.kasmweb.com/#/cast/openSUSE
"openSUSE Leap uses source from SUSE Linux Enterprise (SLE), which gives Leap a level of stability unmatched by other Linux distributions, and combines that with community developments to give users, developers, and sysadmins the best stable Linux experience available." said Max Lin, openSUSE Leap release team, "Leap is a hard distribution to ignore for technology specialists; security fixes, new technologies, and updated packages give professionals a well-engineered community release that is identical to its enterprise twin."
Kasm Workspaces replaces legacy Virtualized Desktop Infrastructure (VDI) offerings like Citrix Workspaces and VMWare Horizons by leveraging SUSE Linux Enterprise Server containers rather than full-stack operating systems. This partnership enables users access to innovation without disruption and enhanced security in an operating system that boots in seconds and can be accessed through any web browser without the use of a VPN or agent.
"The partnership between SUSE and Kasm Technologies presents an ideal path for developers/testers to provide real-time on-demand access to SUSE Linux Enterprise from any device and in any location," said Ryan Kuba, the Kasm Technologies Open-Source Lead, "openSUSE Leap 15.4 workloads can then be lifted and shifted to SUSE Linux Enterprise Server 15 SP4 to support enterprise-class stability and scalability coupled with world-class support from SUSE."
Kasm Workspaces' open-source images are available directly through Kasm's Docker Verified Publisher images on Docker Hub: https://hub.docker.com/r/kasmweb/opensuse-15-desktop.
Kasm Workspaces is revolutionizing how businesses deliver digital workspaces using open-source web-native container streaming technology for modern devops delivery of remote workloads to the web browser. Kasm is changing remote work using our open-source web-native container streaming technology to establish a modern devops delivery of Desktop as a Service (DaaS), application streaming, and browser isolation. Kasm is a highly configurable platform with a robust developer API that can be customized for any workload, at any scale. Workspaces is wherever the work is, and can be deployed in the cloud (Public or Private), on-premise (Including Air-Gapped Networks), or in a hybrid configuration.
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SOURCE Kasm Technologies | https://www.wibw.com/prnewswire/2022/07/19/kasm-partners-with-suse-stream-desktops-browser/ | 2022-07-19T18:14:30Z |
Base Specification Test System at PCI-SIG® Developers Conference 2022
ALLEN, Texas, June 21, 2022 /PRNewswire/ -- Anritsu Corporation President Hirokazu Hamada announces Anritsu is demonstrating its Signal Quality Analyzer-R MP1900A series as part of a PCI-Express® (PCIe®) 6.0 Base Specification test system, along with Tektronix Inc.'s DPO70000SX real-time oscilloscope and silicon-proven Synopsys® PCI Express 6.0 IP. The demonstration will be conducted during the PCI-SIG Developers Conference at Santa Clara Convention Center, June 21-22, 2022.
PCIe 6.0 utilizes Forward Error Correction (FEC) as a key technology to assure the integrity of 32-Gbaud PAM4 (64 Gbps), low-SNR signals affected by transmission path loss. The result is more complexity associated with evaluating devices under test (DUTs). The demonstration will highlight a more efficient testing solution using automatic Base Specification calibration and signal-quality evaluation by a Tektronix DPO70000SX real-time oscilloscope, combined with Anritsu's industry-first MP1900A supporting error-correction analysis to measure FEC symbol errors in real time.
In the demonstration, the Anritsu MP1900A will generate a stressed compliant signal calibrated by a Tektronix DPO70000SX oscilloscope based on PCI Express 6.0 Base Specification. The signal will be transmitted to the Synopsys PCI Express 6.0 IP to measure bit errors using the DUT internal error counter. Additionally, bit errors will be measured by the MP1900A PAM4 Error Detector in DUT Loopback mode. Using its FEC function, the MP1900A will analyze and display FEC corrected/uncorrected errors and post FEC error rate, while the Tektronix DPO70000SX real-time oscilloscope analyzes the signal waveforms from the DUT.
In addition to the PCIe 6.0 Base Test, a complete PCIe 5.0 LEQ test will be also demonstrated.
The Signal Quality Analyzer-R MP1900A is a high-performance BERT for measuring high-speed computer interfaces, such as PCIe 6.0, PCIe 3.0 to 5.0, and USB3.2/4.0, as well as ultra-broadband communications interfaces, including 400 GbE/800 GbE. Due to its excellent test reproducibility and easy operation, the MP1900A is a PCI-SIG-certified instrument for compliance tests up to PCIe 5.0. The joint demonstration supporting the new PCIe 6.0 standard will help advance PCIe worldwide.
Tektronix, Inc., headquartered in Beaverton, Oregon, delivers innovative, precise, and easy-to-operate test, measurement, and monitoring solutions that solve problems, unlock insights and drive discovery globally. Tektronix has been at the forefront of the digital age for over 75 years. More information on our products and solutions is available at Tek.com.
Follow Tektronix on Twitter, Facebook, Instagram, and LinkedIn to stay connected. Learn more from Tektronix's engineers on the Tektronix blog and read Tektronix's latest announcements in our Newsroom.
Tektronix is a registered trademark of Tektronix, Inc. All other trade names referenced are the service marks, trademarks, or registered trademarks of their respective companies.
Anritsu is a provider of innovative communications test and measurement solutions. Anritsu engages customers as true partners to help develop wireless, optical, microwave/RF, and digital solutions for R&D, manufacturing, installation, and maintenance applications, as well as multidimensional service assurance solutions for network monitoring and optimization. Anritsu also provides precision microwave/RF components, optical devices, and high-speed electrical devices for communication products and systems. The company develops advanced solutions for emerging and legacy wireline and wireless technologies used in commercial, private, military/aerospace, government, and other markets.
To learn more visit www.anritsu.com and follow Anritsu on Facebook, LinkedIn, Twitter, and YouTube.
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SOURCE Anritsu Company | https://www.mysuncoast.com/prnewswire/2022/06/21/anritsu-tektronix-demonstrate-pci-express-60/ | 2022-06-21T16:21:05Z |
WASHINGTON (AP) — Rep. Ilhan Omar, one of the biggest stars of the left, is facing a challenge from the center in her congressional primary in Minnesota on Tuesday, while Vermont Democrats will choose a nominee for an open U.S. House seat who will likely make history as the first woman representing the state in Congress.
Another key race is unfolding in western Wisconsin, where Democratic Rep. Ron Kind ‘s retirement after 26 years in office opens up a House seat in a district that has been trending Republican. Among the candidates running in the Republican primary to replace Kind is a former Navy SEAL who attended the “Stop the Steal” rally in Washington on Jan. 6, 2021, which preceded the insurrection at the U.S. Capitol.
Minnesota is also holding a special election to fill the remaining months of Republican Rep. Jim Hagedorn ‘s term after his death earlier this year from cancer. And voters will be picking nominees for a full term representing the largely rural, Republican-leaning district.
Some of the top elections:
OMAR FACES PRO-POLICE CHALLENGER
A supporter of the “defund the police” movement, Omar is facing a Democratic primary challenge in Minnesota’s 5th Congressional District from a former Minneapolis City Council member who has made rising crime an issue in the race.
Don Samuels’ north Minneapolis base suffers from more violent crime than other parts of the city, and the moderate Democrat helped defeat a ballot question that sought to replace the city police department with a new public safety unit.
Omar has defended calls to redirect public safety funding more into community-based programs.
Samuels and others also successfully sued the city to force it to meet minimum police staffing levels called for in Minneapolis’ charter. Samuels says Omar, one of the leading voices in the national progressive movement, is divisive. He’s attracted big bucks to his campaign, though Omar as the incumbent has a significant cash advantage.
Omar, who crushed a similar primary challenge two years ago from a well-funded but lesser-known opponent than Samuels, has said she expects to win easily.
Two other members of the progressive Squad in Congress — Rep. Rashida Tlaib of Michigan and Rep. Cori Bush of Missouri — won their Democratic primaries last week.
SPECIAL ELECTION AND PRIMARY ELECTION IN MINNESOTA
Voters in the 1st Congressional District in southern Minnesota will be weighing in on two races related to the seat.
In the special election, voters will choose between Republican Brad Finstad, who served in the U.S. Department of Agriculture during the Trump administration, and Democrat Jeff Ettinger, a former chief executive at Hormel Foods. Both won a May 24 special primary election for Hagedorn’s seat, and Tuesday’s winner will serve until January.
Finstad and Ettinger are also running in their parties’ primaries for a full term in the district, which includes Rochester and Mankato. Ettinger faces mostly token opposition, but Finstad is expecting a strong challenge from state Rep. Jeremy Munson, whom he just narrowly defeated in the special election primary.
Munson has the support of Texas Sen. Ted Cruz and Ohio Rep. Jim Jordan. He has said he doesn’t think President Joe Biden’s victory was legitimate, despite federal and state election officials, courts and Trump’s own attorney general saying there was no credible evidence the election was tainted.
WISCONSIN: REPLACING RON KIND
Republicans see a pickup opportunity in Wisconsin’s 3rd Congressional District, the seat being vacated by Democratic incumbent Kind.
The district covers a swath of counties along Wisconsin’s western border with Minnesota and includes La Cross and Eau Claire. Republican Derrick Van Orden is running unopposed in his primary Tuesday and has Trump’s endorsement.
Van Orden narrowly lost to Kind in the 2020 general election. He attended Trump’s “Stop the Steal” rally near the White House but has said he never stepped foot on the grounds of the Capitol during the insurrection.
Four Democrats are competing to succeed Kind, including state Sen. Brad Pfaff, who previously worked for the retiring lawmaker and briefly served as state agriculture secretary. Pfaff has Kind’s endorsement.
The others are small-business owner Rebecca Cooke, retired CIA officer Deb McGrath and La Crosse City Council member Mark Neumann.
RARE VERMONT OPEN SENATE SEAT SPARKS HEATED HOUSE PRIMARY
The retirement of Democratic Sen. Patrick Leahy, the Senate’s longest-serving member, has opened the door for Vermont to elect its first-ever female member of the state’s congressional delegation.
Rep. Peter Welch, who currently holds Vermont’s lone House seat, is running to replace Leahy. The race to succeed Welch has largely centered around two Democratic women.
Lt. Gov. Molly Gray, a centrist who is a former staffer for Welch and has been backed by Leahy and former Vermont Gov. Howard Dean, is squaring off against Becca Balint, the president pro tempore of the state Senate. Balint has endorsements from progressive leaders, including Vermont Sen. Bernie Sanders, Massachusetts Sen. Elizabeth Warren and Rep. Pramila Jayapal, chair of the Congressional Progressive Caucus.
The winner immediately becomes the favorite in November’s general election — and could shape whether Vermont’s congressional politics going forward is dominated by Leahy’s largely centrist views or the progressive values more closely aligned with Sanders.
___
Associated Press writers Doug Glass in Minneapolis, Scott Bauer in Madison, Wis., and Wilson Ring in Montpelier, Vt., contributed to this report.
___
Follow AP for full coverage of the midterms at https://apnews.com/hub/2022-midterm-elections and on Twitter at https://twitter.com/ap_politics. | https://cw33.com/news/politics/ap-politics/ilhan-omar-faces-centrist-rival-open-house-seat-in-vermont/ | 2022-08-09T10:28:27Z |
Consolidated Results of Operations, As Reported and As Adjusted – Three-month periods ended June 30, 2022 and 2021:
KING OF PRUSSIA, Pa., July 25, 2022 /PRNewswire/ -- Universal Health Services, Inc. (NYSE: UHS) announced today that its reported net income attributable to UHS was $164.1 million, or $2.20 per diluted share, during the second quarter of 2022, as compared to $325.0 million, or $3.79 per diluted share, during the second quarter of 2021. Net revenues increased by 3.9% to $3.323 billion during the second quarter of 2022 as compared to $3.198 billion during the second quarter of 2021.
As reflected on the Schedule of Non-GAAP Supplemental Information ("Supplemental Schedule"), our adjusted net income attributable to UHS during the second quarter of 2022 was $163.9 million, or $2.20 per diluted share, as compared to $322.3 million, or $3.76 per diluted share, during the second quarter of 2021.
Included in our reported and adjusted net income attributable to UHS during the three and six-month periods ended June 30, 2021 was a net favorable after-tax impact of approximately $29.8 million, or $.35 per diluted share, from the following: (i) a favorable after-tax impact of $42.3 million, or $.49 per diluted share, resulting from approximately $55 million of revenues recorded during the second quarter of 2021 in connection with the Kentucky Medicaid managed care hospital rate increase program (covering the period of July 1, 2020 to June 30, 2021); (ii) an unfavorable after-tax impact of approximately $27.2 million, or $.32 per diluted share, resulting from a $36 million increase to our reserves for self-insured professional and general liability claims, and; (iii) an aggregate favorable after-tax impact of $14.6 million, or $.17 per diluted share, resulting from commercial insurance proceeds of approximately $19 million received during the second quarter of 2021 in connection with a previously incurred information technology incident and the COVID-19 pandemic.
As calculated on the attached Supplemental Schedule, our earnings before interest, taxes, depreciation & amortization ("EBITDA net of NCI", NCI is net income attributable to noncontrolling interests), was $384.5 million during the second quarter of 2022, as compared to $581.8 million during the second quarter of 2021. Our adjusted earnings before interest, taxes, depreciation & amortization ("Adjusted EBITDA net of NCI"), which excludes the impact of other (income) expense, net, was $382.6 million during the second quarter of 2022, as compared to $572.7 million during the second quarter of 2021.
Consolidated Results of Operations, As Reported and As Adjusted – Six-month periods ended June 30, 2022 and 2021:
Reported net income attributable to UHS was $318.0 million, or $4.22 per diluted share, during the first six months 2022, as compared to $534.1 million, or $6.22 per diluted share, during the first six months of 2021. Net revenues increased by 6.5% to $6.616 billion during the first six months of 2022 as compared to $6.211 billion during the comparable period of 2021.
As reflected on the Supplemental Schedule, our adjusted net income attributable to UHS during the six-month period ended June 30, 2022 was $327.4 million, or $4.35 per diluted share, as compared to $532.4 million, or $6.20 per diluted share, during the six-month period ended June 30, 2021.
As reflected on the Supplemental Schedule, included in our reported results during the first six months of 2022, was an unfavorable after-tax unrealized loss of $9.4 million, or $.13 per diluted share, ($12.3 million pre-tax which is included in "Other (income) expense, net"), resulting from a decrease in the market value of certain equity securities.
As reflected on the Supplemental Schedule, included in our reported results during the six-month period ended June 30, 2021, was a net aggregate favorable after-tax impact of $1.7 million, or $.02 per diluted share, consisting of the following: (i) an after-tax unrealized loss of $0.5 million, or $.01 per diluted share, resulting from a decrease in the market value of certain marketable securities, and; (ii) a favorable after-tax impact of $2.2 million, or $.03 per diluted share, resulting from ASU 2016-09, "Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting" ("ASU 2016-09").
As calculated on the attached Supplemental Schedule, our EBITDA net of NCI was $752.9 million during the first six months of 2022, as compared to $1.008 billion during the first six months of 2021. Our Adjusted EBITDA net of NCI was $762.1 million during the first six months of 2022, as compared to $999.8 million during the first six months of 2021.
Acute Care Services – Three and six-month periods ended June 30, 2022 and 2021:
During the second quarter of 2022, at our acute care hospitals owned during both periods ("same facility basis"), adjusted admissions (adjusted for outpatient activity) decreased by 0.7% while adjusted patient days increased by 1.8%, as compared to the second quarter of 2021. At these facilities, during the second quarter of 2022, net revenue per adjusted admission increased by 2.5% while net revenue per adjusted patient day remained unchanged, as compared to the second quarter of 2021. Net revenues generated from our acute care services on a same facility basis increased by 3.3% during the second quarter of 2022, as compared to the second quarter of 2021.
As previously disclosed in our update on operating results for the second quarter of 2022 and revision of 2022 full year guidance, as announced on June 30, 2022, our acute care hospitals experienced a significant decline in COVID-related patients during the second quarter of 2022, as compared to the first quarter of 2022. The decrease in COVID-related patient volumes during the second quarter of 2022 was not offset by an equivalent increase in non-COVID-related patients resulting in significant shortfalls in revenues and earnings as compared to our original forecasts the quarter. Although the decreased patient volumes at our acute care hospitals has relieved some of the staffing shortages and related cost escalations previously experienced at those facilities, recovery from the effects of the labor pressures has been occurring at a somewhat slower pace than expected.
During the six-month period ended June 30, 2022, at our acute care hospitals on a same facility basis, adjusted admissions increased by 2.4% while adjusted patient days increased by 3.6%, as compared to the comparable six-month period of 2021. At these facilities, during the first six months of 2022, net revenue per adjusted admission increased by 2.9% while net revenue per adjusted patient day increased by 1.6%, as compared to the comparable six-month period of 2021. Net revenues generated from our acute care services on a same facility basis increased by 6.5% during the first six months of 2022, as compared to the comparable six-month period of 2021.
Behavioral Health Care Services – Three and six-month periods ended June 30, 2022 and 2021:
During the second quarter of 2022, at behavioral health care facilities on a same facility basis, adjusted admissions decreased by 0.1% while adjusted patient days increased by 0.7%, as compared to the second quarter of 2021. At these facilities, during the second quarter of 2022, net revenue per adjusted admission increased by 2.6% and net revenue per adjusted patient day increased by 1.8%, as compared to the second quarter of 2021. Net revenues generated from our behavioral health care services increased by 0.5% during the second quarter of 2022, as compared to the second quarter of 2021.
During the six-month period ended June 30, 2022, at behavioral health care facilities on a same facility basis, adjusted admissions decreased by 1.0% while adjusted patient days decreased by 0.3%, as compared to the comparable six-month period of 2021. At these facilities, during the first six months of 2022, net revenue per adjusted admission increased by 4.2% and net revenue per adjusted patient day increased by 3.4%, as compared to the comparable six-month period of 2021. Net revenues generated from our behavioral health care services increased by 2.1% during the first six months of 2022, as compared to the comparable period of 2021.
COVID-19 and Staffing Shortage
The impact of the COVID-19 pandemic, which began during the second half of March, 2020, has had a material effect on our operations and financial results since that time. The length and extent of the disruptions caused by the COVID‑19 pandemic are currently unknown; however, we expect such disruptions to continue during the remainder of 2022. Since the future volumes and severity of COVID-19 patients remain highly uncertain and subject to change, including potential increases in future COVID-19 patient volumes caused by new variants of the virus, as well as related pressures on staffing and wage rates, we are not able to fully quantify the impact that these factors will have on our future financial results. However, developments related to the COVID-19 pandemic could continue to materially affect our financial performance during the remainder of 2022.
The nationwide shortage of nurses and other clinical staff and support personnel has been a significant operating issue facing us and other healthcare providers. Like others in the healthcare industry, we continue to experience a shortage of nurses and other clinical staff and support personnel at our acute care and behavioral health care hospitals in many geographic areas. In some areas, the labor scarcity is putting a strain on our resources and staff, which has required us to utilize higher‑cost temporary labor and pay premiums above standard compensation for essential workers. This staffing shortage has required us to hire expensive temporary personnel and/or enhance wages and benefits to recruit and retain nurses and other clinical staff and support personnel. At certain facilities, particularly within our behavioral health care segment, we have been unable to fill all vacant positions and, consequently, have been required to limit patient volumes. These factors, which had a material unfavorable impact on our results of operations during the first six months of 2022, are expected to have an unfavorable material impact on our results of operations during the remainder of 2022.
However, as previously disclosed on June 30, 2022, our revised operating results forecast for the balance of 2022 assumes that staffing vacancies and the corresponding premium pay expenditures will continue to sequentially decline in the second half of the year and that non-COVID patient volumes will incrementally improve, although both at a slower pace than our original forecast anticipated. We believe these assumptions will be bolstered by our continuing recruitment and retention initiatives, by changes to our historical patient care models, by other cost cutting measures and by aggressive contractual negotiations and renegotiations with our managed care payers.
Net Cash Provided by Operating Activities and Liquidity:
Net Cash Provided by Operating Activities:
During the six-month period ended June 30, 2022, our net cash provided by operating activities was $478 million as compared to $119 million during the comparable six-month period of 2021. The $359 million net increase in our net cash provided by operating activities during the first six months of 2022, as compared to the first six months of 2021, was due to: (i) a favorable change of $695 million resulting from the early return of Medicare accelerated payments which were received during 2020 and repaid during the first quarter of 2021, partially offset by; (ii) an unfavorable change of $199 million resulting from a decrease in net income plus depreciation and amortization expense, stock-based compensation expense, gain/loss on sales of assets and businesses, and provision for asset impairment; (iii) an unfavorable change of $102 million from other working capital accounts due primarily to the timing of disbursements for accrued expenses, accounts payable and accrued compensation, and; (iv) $35 million of other combined net unfavorable changes.
Liquidity:
As of June 30, 2022, we had $1.056 billion of aggregate available borrowing capacity pursuant to our $1.2 billion revolving credit facility, net of outstanding borrowings and letters of credit. In June, 2022, we entered into an amendment to our credit agreement which, among other things, added a new incremental tranche A term loan facility in the aggregate principal amount of $700 million. The net proceeds generated from the incremental tranche A term loan facility were used to repay a portion of the borrowings that were previously outstanding under our $1.2 billion revolving credit facility.
Stock Repurchase Program:
As of December 31, 2021, we had an aggregate remaining repurchase authorization of approximately $358 million pursuant to our stock repurchase program. In February of 2022, our Board of Directors authorized a $1.4 billion increase to the program. As of June 30, 2022, we had an aggregate available repurchase authorization of $1.21 billion.
Pursuant to the terms of our stock repurchase program, shares of our Class B Common Stock may be repurchased, from time to time as conditions allow, on the open market or in negotiated private transactions. During the second quarter of 2022, we have repurchased approximately 1.61 million shares at an aggregate cost of approximately $195.6 million (approximately $122 per share) pursuant to the program. During the first six months of 2022, we have repurchased approximately 4.25 million shares at an aggregate cost of approximately $545.8 million (approximately $128 per share) pursuant to the program.
Conference call information:
We will hold a conference call for investors and analysts at 9:00 a.m. eastern time on July 26, 2022. A live webcast of the call will be available on our website at www.uhs.com. To participate via telephone, please register in advance by accessing this link. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique passcode and registrant ID that can be used to access the call. A replay of the call will be available for one full year following the live call.
General Information, Forward-Looking Statements and Risk Factors and Non-GAAP Financial Measures:
One of the nation's largest and most respected providers of hospital and healthcare services, Universal Health Services, Inc. has built an impressive record of achievement and performance. Growing steadily since our inception into an esteemed Fortune 500 corporation, our annual revenues during 2021 were approximately $12.6 billion. In 2022, UHS was again recognized as one of the World's Most Admired Companies by Fortune; ranked #297 on the Fortune 500; and in 2021, ranked #307 on Forbes' list of America's Largest Public Companies.
Our operating philosophy is as effective today as it was upon the Company's founding in 1979, enabling us to provide compassionate care to our patients and their loved ones. Our strategy includes building or acquiring high quality hospitals in rapidly growing markets, investing in the people and equipment needed to allow each facility to thrive, and becoming the leading healthcare provider in each community we serve.
Headquartered in King of Prussia, PA, UHS has over 89,000 employees and through its subsidiaries operates 28 acute care hospitals, 333 behavioral health facilities, 41 outpatient facilities and ambulatory care access points, an insurance offering, a physician network and various related services located in 39 U.S. states, Washington, D.C., Puerto Rico and the United Kingdom. It acts as the advisor to Universal Health Realty Income Trust, a real estate investment trust (NYSE:UHT). For additional information visit www.uhs.com.
This press release contains forward-looking statements based on current management expectations. Numerous factors, including those disclosed herein, those related to the anticipated impact of COVID-19 on our operations and financial results, those related to healthcare industry trends and those detailed in our filings with the Securities and Exchange Commission (as set forth in Item 2-Forward Looking Statements and Risk Factors in our Form 10-Q for the quarter ended March 31, 2022 and in Item 1A-Risk Factors and in Item 7-Forward-Looking Statements and Risk Factors in our Form 10-K for the year ended December 31, 2021), may cause the results to differ materially from those anticipated in the forward-looking statements. These statements are subject to risks and uncertainties and therefore actual results may differ materially. Readers should not place undue reliance on such forward-looking statements which reflect management's view only as of the date hereof. We undertake no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
Many of the factors that could affect our future results are beyond our control or ability to predict, including the impact of the COVID-19 pandemic. Our future operations and financial results will likely be materially unfavorably impacted by developments related to COVID-19 including, but not limited to, the potential impact on future COVID-19 patient volumes resulting from new variants of the virus, the length of time and severity of the spread of the pandemic; the volume of cancelled or rescheduled elective procedures and the volume of COVID-19 patients treated at our hospitals and other healthcare facilities; measures we are taking to respond to the COVID-19 pandemic; the impact of government and administrative regulation and stimulus on the hospital industry and potential retrospective adjustment in future periods of CARES Act and other grant income revenues recorded as revenues in prior periods; declining patient volumes and unfavorable changes in payer mix caused by deteriorating macroeconomic conditions (including increases in uninsured and underinsured patients as the result of business closings and layoffs); potential disruptions to our clinical staffing and shortages and disruptions related to supplies required for our employees and patients; potential increases to expenses and other costs related to staffing, supply chain, construction and medical equipment costs and other expenditures resulting from inflation; the impact of our substantial indebtedness and the ability to refinance such indebtedness on acceptable terms, as well as risks associated with disruptions in the financial markets and the business of financial institutions as the result of the COVID-19 pandemic which could impact us from a financing perspective; and changes in general economic conditions nationally and regionally in our markets resulting from the COVID-19 pandemic. In addition, please see the disclosure above in COVID-19 and Staffing Shortage, in connection with the nationwide shortage of nurses and other clinical staff and support personnel which has had, and is expected to continue to have, a material unfavorable impact on our results of operations.
We believe that adjusted net income attributable to UHS, adjusted net income attributable to UHS per diluted share, EBITDA net of NCI and Adjusted EBITDA net of NCI, which are non-GAAP financial measures ("GAAP" is Generally Accepted Accounting Principles in the United States of America), are helpful to our investors as measures of our operating performance. In addition, we believe that, when applicable, comparing and discussing our financial results based on these measures, as calculated, is helpful to our investors since it neutralizes the effect of material items impacting our net income attributable to UHS, such as, changes in the market value of shares of certain equity securities and other potential material items that are nonrecurring or non-operational in nature including, but not limited to, impairments of goodwill and long-lived and intangible assets, reserves for various matters including settlements, legal judgments and lawsuits, costs related to extinguishment of debt, gains/losses on sales of assets and businesses, and other amounts that may be reflected in the current or prior year financial statements that relate to prior periods. To obtain a complete understanding of our financial performance these measures should be examined in connection with net income attributable to UHS, as determined in accordance with GAAP, and as presented in the condensed consolidated financial statements and notes thereto in this report or in our other filings with the Securities and Exchange Commission including our Report on Form 10-Q for the quarter ended March 31, 2022 and our Report on Form 10-K for the year ended December 31, 2021. Since the items included or excluded from these measures are significant components in understanding and assessing financial performance under GAAP, these measures should not be considered to be alternatives to net income as a measure of our operating performance or profitability. Since these measures, as presented, are not determined in accordance with GAAP and are thus susceptible to varying calculations, they may not be comparable to other similarly titled measures of other companies. Investors are encouraged to use GAAP measures when evaluating our financial performance.
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SOURCE Universal Health Services, Inc. | https://www.mysuncoast.com/prnewswire/2022/07/25/universal-health-services-inc-reports-2022-second-quarter-financial-results/ | 2022-07-25T21:56:54Z |
CANONSBURG, Pa., July 12, 2022 /PRNewswire/ -- CONSOL Energy has been nationally recognized for its transparency in communicating about corporate social responsibility (CSR).
The company is a finalist in Ragan's CSR & Diversity Awards for its Environmental, Social and Governance (ESG) campaign for "Trust and Transparency in Communications."
"There are preconceived notions about our industry, and they couldn't be more wrong. To be recognized for the transparency and trustworthiness of our Environmental and Social Governance messaging is an honor. Our commitment to reimagining this industry has been at the forefront of our corporate strategy and communications," said Jimmy Brock, president and CEO of CONSOL Energy. "Now, more than ever, we are focused on sustainably leading the transformation of a mature industry that still holds high potential to benefit society going forward."
Ragan Communications, a leading voice in internal and external organizational communications for more than 50 years, honors communications professionals and campaigns that have a commitment to improving their communities in the annual CSR & Diversity Awards. The awards recognize companies across the country that use communications efforts to keep employees involved and engaged and take the charge on diversity, organizational transparency and social good.
CONSOL is being honored for a body of work including its employee communications video deployed during the annual fire safety training, the educational and community outreach work of its philanthropic arm, the CONSOL Cares Foundation, and its social media campaigns focusing on the company's ESG goals and partnerships, positive environmental impacts, ethical goals and human rights policy.
CONSOL will be among dozens of elite companies across the nation recognized at a special event on July 14 at the Yale Club in New York City. Ragan will announce the category winner at that time.
For more information on CONSOL Energy, visit www.consolenergy.com.
CONTACT: Erica Fisher: EricaFisher@consolenergy.com
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SOURCE CONSOL Energy | https://www.mysuncoast.com/prnewswire/2022/07/12/consol-energy-named-finalist-ragan-csr-amp-diversity-awards/ | 2022-07-12T22:05:51Z |
- Company intends to grow its market share in the global solar energy market with the release of this new IGBT
SEOUL, South Korea, June 17, 2022 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) announced today that the company has unveiled a new 650V insulated-gate bipolar transistor (IGBT) for solar inverters.
As environmental impacts from climate change are becoming more severe, the use of renewable energy like solar power continues to expand globally to reduce carbon emissions. Omdia, a global market research firm, estimates that the global market for IGBTs in the renewable energy sector will grow 15% annually from 2022 to 2025. In March 2022, Magnachip developed a new 650V IGBT built with advanced "field stop trench technology" for fast switching speed and high breakdown voltages and the company will begin mass production of it this month.
The current density of this new 650V IGBT was improved by 30% compared to the prior generation by adopting the latest technology. This IGBT is also designed to provide a minimum short-circuit withstand time of 5µs and it is optimized for parallel switching because of its positive temperature coefficient. The parallel switching of this IGBT will increase the load current and thus the maximum output power.
In addition, the 650V IGBT features anti-parallel diodes for fast switching and low switching loss, while guaranteeing a maximum operating junction temperature of 175°C. Based on standards issued by the Joint Electron Device Engineering Council (JEDEC), this new IGBT can be widely used for applications requiring strict power level and high efficiency, such as solar boost inverters and converters, uninterruptible power supplies and universal power inverters.
"Magnachip's first IGBT was introduced in 2013, and since then, we have been committed to developing high-efficiency products for a variety of markets, while strengthening our presence around the world," said YJ Kim, CEO of Magnachip. "With this new product, we are expanding our efforts to deliver high-performance products for the eco-friendly renewable energy market."
Magnachip's IGBT products for the solar energy market
Magnachip is a designer and manufacturer of analog and mixed-signal semiconductor platform solutions for communications, IoT, consumer, computing, industrial and automotive applications. The Company provides a broad range of standard products to customers worldwide. Magnachip, with more than 40 years of operating history, owns a portfolio of approximately 1,150 registered patents and pending applications, and has extensive engineering, design and manufacturing process expertise. For more information, please visit www.magnachip.com. Information on or accessible through Magnachip's website is not a part of, and is not incorporated into, this release.
CONTACTS:
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SOURCE Magnachip Semiconductor Corporation | https://www.wibw.com/prnewswire/2022/06/17/magnachip-unveils-new-650v-igbt-solar-inverters/ | 2022-06-17T11:48:12Z |
Mayor Bowser encourages Washingtonians to come together and wish the Washington Justice the best of luck in as they begin their 2022 Overwatch League season
WASHINGTON, May 7, 2022 /PRNewswire/ -- In conjunction with the Washington Justice and Events DC, the Office of the Mayor of the District of Columbia formally proclaims May 7th, 2022 as the Official Washington Justice Day. After two consecutive playoff-reaching seasons, the opening of a brand new team headquarters and practice facility in Downtown DC's Penn Quarter, and numerous partnerships and activations with local schools, universities, and businesses, the Washington Justice have proudly showcased the power that esports and gaming has to foster an inclusive and diverse community for Washington DC and today is an opportunity to celebrate those milestones.
"Mayor Bowser is focused on revitalizing and bringing a different energy to DowntownDC," said John Falcicchio, Deputy Mayor of Planning and Economic Development. "The celebration of Washington Justice Day will not only shine a spotlight on the availability of esports in the city, but bring more vibrancy to the Sports Capital."
The Washington Justice have placed a core focus on building an accessible and inclusive community in the D.C area. In February 2021, the Washington Justice opened a brand new headquarters and training facility in Penn Quarter, bringing new economic excitement and activity to the downtown area. With this new facility, the Justice were able to host fans safely throughout the COVID-19 pandemic by closely following COVID guidance from the Mayor's office, enabling fans to remain connected and celebrate their hometown team through challenging times.
"Today is a wonderful moment for our Washington Justice franchise and we could not be more excited to celebrate with the city of D.C as we reflect on our past accomplishments, as well as look toward the future as we begin our 2022 Overwatch League season," said Mark Ein, Owner of the Washington Justice. Since our inception in 2018, we have worked to build a team D.C. can be proud of, with a proud focus on community and inclusivity. With the help of incredible partners, including Events DC, we were able to bring two world class events to the iconic Anthem in 2020, and we look forward to continuing to elevate DC's esports scene to be one of the best in the world."
"Events DC is proud to partner with the Washington Justice to bring exciting esports events and activities to our nation's capital," said Ralph Morton, senior vice president and managing director, Sports & Entertainment Division at Events DC. "DC is a dynamic and thriving hub for sporting and cultural moments that can't be found anywhere else – and esports has quickly become an important component of that ecosystem. We are thrilled to celebrate Washington Justice Day in DC in recognition of the team's success in raising the profile and accessibility of esports in our region. We wish the Justice the best of luck in the 2022 Overwatch League campaign."
Washington Justice Day also celebrates the beginning of the Justice's 2022 Overwatch League season, as their first match kicks off on May 7th vs. the Toronto Defiant at 3:00 pm EST. Fans will once again be welcomed to the Justice facility and more information on tickets can be found at eventbrite.com/o/washington-justice-23434178960
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SOURCE Washington Justice | https://www.mysuncoast.com/prnewswire/2022/05/07/mayor-bowser-declares-may-7th-washington-justice-day-city-washington-dc/ | 2022-05-08T03:05:17Z |
- Broad agreement aims to increase convenience and expand affordable access to valuable health benefits and high-quality care to millions more Americans
- Kaiser Permanente members will benefit from access to Cigna's physician and provider network while traveling, and Evernorth's wide-ranging health services, including its industry-leading Accredo specialty pharmacy
BLOOMFIELD, Conn., and OAKLAND, Calif., April 19, 2022 /PRNewswire/ -- Evernorth, Cigna Corporation's health services business, and Kaiser Permanente, one of the nation's leading integrated health care organizations, announced a new, five-year collaboration aimed at delivering increased convenience, affordability and expanded access to high-quality care for Kaiser Permanente members.
"Evernorth and Kaiser Permanente share a passion for improving health care in the U.S., with a focus on affordable, high-quality care for their members and the communities they serve," said Eric Palmer, president and CEO of Evernorth. "Together, we have the opportunity to unlock meaningful savings, while ensuring patients have expanded access to best-in-class providers and treatments."
Initially, the agreement will focus on bringing greater convenience, affordability and access to Kaiser Permanente and its members in two areas: 1) access to Cigna's PPO provider network for Kaiser Permanente members who need urgent or emergency care and are traveling outside of Kaiser Permanente's service areas, and 2) specialty pharmacy services. The collaboration has the potential to extend in additional areas during the course of the agreement.
Beginning in August, Kaiser Permanente commercial HMO and exclusive provider organization (EPO) members who need urgent care when they are traveling outside of areas served by Kaiser Permanente will have access to Cigna's national PPO network of more than one million physicians and other providers. This will significantly expand Kaiser Permanente's ability to provide more affordable and convenient access to valuable, high-quality health care and services for current and future members.
"We are excited to work with Evernorth to offer our members convenient, expanded access to high-quality care when they are traveling, through Cigna's provider network," said Arthur M. Southam, M.D., executive vice president of health plan operations and chief growth officer for Kaiser Foundation Health Plan, Inc., and Hospitals. "This will provide our members an improved experience, added convenience, and greater confidence that if they get sick or are injured while traveling, they will have access to great care."
In the area of specialty pharmacy services, the agreement seeks to deliver overall value and savings to Kaiser Permanente and its commercial plan members. Accredo, Evernorth's specialty pharmacy, will become Kaiser Permanente's preferred external pharmacy for limited distribution drugs, and Evernorth's CuraScript SD will be a preferred distributor for purchasing certain other specialty products.
The broad agreement between Evernorth and Kaiser Permanente is effective immediately.
Evernorth creates and connects premier health services offerings, including benefits management, pharmacy, care solutions, insights and intelligence. With an open approach to partnering across the health care landscape, we deliver innovative and flexible solutions for health plans, employers and government programs. Evernorth capabilities are powered by our family of companies, including Express Scripts, Express Scripts® Pharmacy, Accredo, eviCore and MDLIVE, along with holistic Evernorth platforms and solutions that elevate health and drive progress for people and businesses. All Evernorth solutions are serviced and provided by or through operating affiliates of Evernorth Health, a wholly owned subsidiary of Cigna Corporation (NYSE: CI), or third-party partners. Learn more at Evernorth.com.
Kaiser Permanente is committed to helping shape the future of health care. We are recognized as one of America's leading health care providers and not-for-profit health plans. Founded in 1945, Kaiser Permanente has a mission to provide high-quality, affordable health care services and to improve the health of our members and the communities we serve. We currently serve 12.5 million members in 8 states and the District of Columbia. Care for members and patients is focused on their total health and guided by their personal Permanente Medical Group physicians, specialists, and team of caregivers. Our expert and caring medical teams are empowered and supported by industry-leading technology advances and tools for health promotion, disease prevention, state-of-the-art care delivery, and world-class chronic disease management. Kaiser Permanente is dedicated to care innovations, clinical research, health education, and the support of community health. For more information, go to about.kp.org
Justine Sessions
Evernorth
(860) 810-6523
media@evernorth.com
Steve Shivinsky
Kaiser Permanente
(925) 393-3911
Stephen.Shivinsky@kp.org
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SOURCE Evernorth | https://www.wibw.com/prnewswire/2022/04/19/evernorth-kaiser-permanente-enter-strategic-collaboration-deliver-more-convenient-affordable-accessible-health-care/ | 2022-04-19T22:07:17Z |
NEW YORK, Sept. 15, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Dingdong (Cayman) Ltd. ("Dingdong" or the "Company") (NYSE: DDL) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Dingdong investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons who purchased, or otherwise acquired, Dingdong American Depository Shares pursuant or traceable to the F-1 registration statements and related prospectus on Form 424B4 issued in connection with Dingdong's June 2021 initial public stock offering. Follow the link below to get more information and be contacted by a member of our team:
DDL investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: According to the filed complaint, the registration statement and prospectus used to effectuate the Company's initial public offering misstated and/or omitted facts concerning Dingdong's so-called commitment to ensuring the safety and quality of the food it distributes to the market. For example, despite claiming that it applies "stringent quality control across [its] entire supply chain to ensure product quality to [its] users," Dingdong sold food past its sell-by date. Consequently, Dingdong was, in fact, no better at providing or assuring access to "fresh" groceries than the supermarkets, traditional Chinese wet markets, or traditional e-commerce platforms it repeatedly claimed to be displacing. Moreover, the foregoing conduct subjected Dingdong to an increased risk of regulatory and/or governmental scrutiny and enforcement, all of which, once revealed, were likely to negatively impact Dingdong's business, operations, and reputation.
WHAT'S NEXT? If you suffered a loss in Dingdong during the relevant time frame, you have until October 24, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP | https://www.wibw.com/prnewswire/2022/09/15/ddl-lawsuit-alert-levi-amp-korsinsky-notifies-dingdong-cayman-ltd-investors-class-action-lawsuit-upcoming-deadline/ | 2022-09-15T10:43:57Z |
Medical helicopter crashes in Alabama
ANDALUSIA, Ala. (WSFA/Gray News) - First responders are on the scene of a medical helicopter crash in the south Alabama city of Andalusia.
Details are limited, but the aircraft crashed across from Dean’s Cake House on Snowden Drive, according to Covington County Sheriff Blake Turman.
Turman said the helicopter was en route to a hospital. The aircraft had some difficulties and crashed.
A pilot and two medics were inside the aircraft at the time, Turman said. The pilot was seriously injured, and the medics were injured.
City officials are asking the public to avoid the area as a number of power lines are down.
City and Covington County EMA personnel are on the scene and an investigation is underway.
Copyright 2022 WSFA via Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/07/29/medical-helicopter-crashes-alabama/ | 2022-07-29T20:48:56Z |
RSI also Nominated as 'Employer of the Year' 'Socially Responsible Leader of the Year' & 'Leader of the Year,' in Prestigious Recognition by Online Gaming Peers
CHICAGO, May 27, 2022 /PRNewswire/ -- Rush Street Interactive, Inc. (NYSE: RSI) ("RSI"), a leading online casino and sports betting company that operates the BetRivers and PlaySugarHouse brands, today announced that it has been named to the shortlist of nominees for the SBC Awards North America 2022. RSI has been recognized in the headline operator categories as 'Casino Operator of the Year,' 'Employer of the Year,' 'Socially Responsible Operator of the Year' and 'Leader of the Year.'
This recognition by SBC acknowledges and rewards the expertise and innovation of North America's leading operators in this fast growing, high-tech industry, who have exhibited excellence in the past year.
"We are incredibly honored to be shortlisted by the well-respected SBC Gaming media group, especially since their hand-selected judges, who represent the top leaders in the industry, recognized the quality of our company in multiple categories," said Richard Schwartz, CEO of RSI. "We are extremely proud of the nominations and especially honored to be recognized for our corporate commitment to responsible gambling and player safety."
The winners will be announced at a ceremony at Pier Sixty in Manhattan on July 14, 2022, in front of an audience of 600 senior executives from some of the industry's most successful companies.
The SBC Awards North America ceremony is the culmination of a week of events at the SBC Summit North America, the biggest conference and trade show for the sports betting and iGaming industries in the US and Canada.
RSI is a trusted online gaming and sports entertainment company focused on markets in the United States, Canada and Latin America. Through its brands, BetRivers, PlaySugarHouse and RushBet, RSI was an early entrant in many regulated jurisdictions. It currently offers real-money mobile and online operations in thirteen U.S. states: Pennsylvania, Illinois, New Jersey, New York, Connecticut, Michigan, Indiana, Virginia, Colorado, Iowa, West Virginia, Arizona and Louisiana, as well as in the regulated international markets of Ontario, Canada and Colombia. RSI offers, through its proprietary online gaming platform, some of the most popular online casino games and sports betting options in the United States. Founded in 2012 in Chicago by gaming industry veterans, RSI was named the 2022 EGR North America Awards Operator of the Year, Customer Services Operator of the Year and Social Gaming Operator of the Year, and the 2021 SBC Latinoamérica Awards Sportsbook Operator of the Year. RSI was the first U.S.-based online casino and sports betting operator to receive RG Check iGaming Accreditation from the Responsible Gaming Council. For more information, visit www.rushstreetinteractive.com.
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SOURCE Rush Street Interactive | https://www.mysuncoast.com/prnewswire/2022/05/27/rush-street-interactive-is-shortlisted-casino-operator-year-among-other-best-of-categories-sbc-awards-north-america-2022/ | 2022-05-27T13:43:13Z |
Derby-winning rider Leon serving suspension by Ohio stewards
The jockey of Kentucky Derby upset winner Rich Strike is currently serving a four-day suspension that was handed down by Ohio racing stewards but his agent says it won’t prevent him from riding the horse in next week’s Preakness. Stewards last week suspended Sonny Leon for careless riding in the third race on April 27 at Thistledown Racecourse, during which he “deliberately and aggressively” steered One Glamorous Gal toward the rail to block other horses in the stretch. Leon interfered with jockey Alexander Chavez aboard Ultra Rays and One Glamorous Gal was disqualified to sixth place.The suspension began Monday and ends Thursday and agent Jeff Perrin says Leon is set to ride Rich Strike in the May 21 Preakness if the horse is entered. | https://localnews8.com/sports/ap-national-sports/2022/05/11/derby-winning-rider-leon-serving-suspension-by-ohio-stewards/ | 2022-05-11T19:33:09Z |
DENVER (AP) — An arrest warrant was issued Thursday for an indicted Colorado clerk who has become a hero to election conspiracy theorists after she allegedly traveled out of state despite a court order not to do so, according to court documents.
But a lawyer for Mesa County Clerk Tina Peters asked the judge to cancel the warrant because he said she was unaware of the order before she traveled to a conference in Las Vegas.
The judge earlier revoked bond and issued the warrant for Peters, who is accused of tampering with voting equipment, after District Attorney Dan Rubinstein said in the documents that he had learned she traveled to Nevada for a conference after she sent a letter notarized in Las Vegas on Tuesday.
The letter, sent to Democratic Secretary of State Jena Griswold, requested a recount in her failed primary election bid for the GOP nomination in the state secretary of state’s race.
Rubinstein, a Republican, had previously said he would not object to Peters traveling outside of Colorado during her campaign for secretary of state. But the election was held June 28, and the the court documents said the letter was notarized on July 12. Judge Matthew Barrett issued an order Monday that Peters not travel until the post-election approval process for her travel was resolved.
In a court filing Thursday, Peters’ lawyer, Harvey Steinberg, said he did not learn about the order in time to warn Peters about it before she left for Las Vegas earlier this week.
She did not try to conceal her appearance at the conference, which was livestreamed, he said. In addition, Steinberg said Peters is still a candidate for the secretary of state, noting that the election results have not been certified yet.
Peters has echoed former President Donald Trump’s false theories about the 2020 election. She and her chief deputy, Belinda Knisley, are being prosecuted for allegedly allowing a copy of a hard drive to be made during an update of election equipment in May 2021. A former employee in her office, Sandra Brown, was arrested this week and is now also accused of being part of the scheme.
Peters is charged with three counts of attempting to influence a public servant, criminal impersonation, two counts of conspiracy to commit criminal impersonation, one count of identity theft, first-degree official misconduct, violation of duty and failing to comply with the secretary of state.
Both Peters and Knisley have denied wrongdoing, with Peters calling the charges politically motivated.
Brown, the former elections manager in Peter’s office, was charged Thursday with an attempt to influence a public servant, criminal impersonation, and conspiracy to commit criminal impersonation.
According to a court document, Knisley worked to get a security badge for a man Peters said she was hiring in the clerk’s office. Peters then used it to allow another, unauthorized person inside the room to make a copy of the election equipment hard drive, it said. Brown was present when the copy was made and conspired to misrepresent who the person using the badge was, it said.
Efforts to reach Brown for comment were unsuccessful via phone numbers that may be associated with her. Court records did not list an attorney who could speak on her behalf.
Mesa County, in western Colorado, is largely rural and heavily Republican. Trump won it in the 2020 presidential election with nearly 63% of the vote. President Joe Biden won Colorado overall with 55.4% of the state’s vote. | https://cw33.com/news/politics/ap-politics/arrest-sought-of-colorado-clerk-in-voting-tampering-case/ | 2022-07-15T19:01:17Z |
Boy does Kelly Ripa have a story for the world.
The popular daytime talk-show host has a book coming out, "Live Wire: Long-Winded Short Stories," and one of the stories she has included has created quite a stir.
Boy does Kelly Ripa have a story for the world.
The popular daytime talk-show host has a book coming out, "Live Wire: Long-Winded Short Stories," and one of the stories she has included has created quite a stir.
As shared in Haute Living, the vignette, titled "Don't Let Your Husband Pick Your Death Clothes," recalls when Ripa was newly married on 1997 to her then "All My Children" costar Mark Consuelos and a new mother to their then six-month old son, Michael.
She and Consuelos were enjoying some intimate time together, Ripa writes, when pain from a ruptured ovarian cyst caused her to black out.
When she woke up in the emergency room, her husband had dressed her in a 1980s-style French-cut leotard and a pair of red Manolo Blahnik shoes that Ripa said made her look like a "dime store prostitute" while he enjoyed some snacks.
"My eyes shift between the fuzzy images on the screen, the remnants of my ovarian tormentor, and Mark happily snacking away. Sex can be so traumatic I think, and yet one of us is completely undaunted," Ripa writes in her book of true short stories. "There he is, happily munching on the saltines now and ordering a second apple juice. Mark could be at a movie, or a spa. Instead, I'm flat on my back wondering when the other two cysts will burst."
"Also, here is my husband, who is, dare I say, stylish, well-dressed at all times, and yet he dressed me like a dime store prostitute in my time of need. It's still baffling to me to this day that this is the best costume for the day that he could find for me, to the point where, when I was on the stretcher, I thought I was dreaming; I was having a nightmare," she added. "I didn't realize I had come to."
Ripa's book is scheduled to be published on September 27.
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Almost as bad as Lorenzo Heard situation.
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A receipt was sent to your email. | https://www.albanyherald.com/entertainment/kelly-ripa-recounts-passing-out-during-sex-because-of-ovarian-cysts/article_6bf2469f-b04e-5225-8c96-6d2c516903fe.html | 2022-09-13T18:20:15Z |
- Wishpond attained 55% year-over-year revenue growth in Q2-2022 with revenue of $5.0 million, driven by Wishpond's expanded sales team, new product introductions and successfully integrated acquisitions.
- The Company achieved positive cash flow from operating activities in Q2-2022.
- Outlook continues to look strong with increasing demand for Wishpond's products from SMB customers.
VANCOUVER, BC, Aug. 24, 2022 /PRNewswire/ - Wishpond Technologies Ltd. (TSXV: WISH) (OTCQX: WPNDF) (the "Company" or "Wishpond"), a provider of marketing-focused online business solutions, announces it has filed its interim consolidated financial statements (the "Interim Financial Statements") and management's discussion and analysis (the "MD&A") for Q2-2022, representing the three and six months ended June 30, 2022. Copies of the Interim Financial Statements and MD&A are available on the Company's profile on SEDAR at www.sedar.com.
Ali Tajskandar, Wishpond's Chairman and CEO commented, "We are very pleased with our second quarter results which proved to be the strongest quarter in the Company's history with 55% year-over-year growth compared to the same period last year. I am particularly proud of having achieved a significant milestone of $20 million annualized revenue run-rate(1). Thus far, we have not noticed any slowing down in the demand for our products. In addition, Wishpond also achieved positive cash flow from operations in the second quarter. Our outlook continues to look promising for the second half of the year with increasing sales, improving margins, and positive cash flows. Our sales pipeline remains robust and our revenue growth shows tremendous resilience despite the current uncertain economic environment."
- Wishpond achieved record quarterly revenue of $5,007,343 during Q2-2022, a 55% increase compared to revenue of $3,226,877 generated in the same period of 2021 (Q2-2021). The increase in revenue is attributable to the Company's expanded sales team, new product introductions and acquisitions. Wishpond exceeded $20 million annualized revenue run-rate(1) for the first time in Q2-2022.
- Wishpond achieved gross profit(1) of $3,360,715 in Q2-2022 compared to $2,238,143 in Q2-2021, representing a 50% increase from Q2-2021, driven by an increase in overall revenue. Wishpond achieved a gross margin(1) of 67% in Q2-2022 (69% in Q2-2021). The gross margin(1) achieved in Q2-2022 is within the historical range of 65% to 70%.
- Wishpond recorded an operating loss of $658,712 in Q2-2022 ($1,093,556 in Q2-2021). The operating loss reflects continued investment in sales and lead generation, as well as in product development.
- In Q2-2022, Wishpond had negative Adjusted EBITDA(1) of $192,196 (negative $320,027 in Q2-2021). The improvement is primarily driven by higher revenue and recent cost saving initiatives and operational efficiencies achieved in the latter half of Q2-2022 which will result in more than $1.0 million in annual cost savings.
- In Q2-2022, Wishpond returned to net positive cash provided by operating activities of $81,354 (negative $801,512 in Q2-2021).
- As at June 30, 2022, Wishpond had $2,484,878 in cash and no debt (March 31, 2022: cash of $4,487,151 and no debt). The reduction in cash was primarily driven by an upfront cash payment of $1,726,646 for the acquisition of Viral Loops Limited ("Viral Loops") on April 1, 2022, related transaction fees and continued investment in the business. The Company has a credit facility with a major Canadian bank for $6,000,000. As at June 30, 2022, the credit facility remained undrawn and was fully available to the Company.
On April 1, 2022, the Company completed the acquisition of certain assets and specific liabilities of Viral Loops Ltd. Viral Loops is a Software-as-a-Service ("SaaS") company which helps its customers design, create and manage campaigns that result in higher referral visits and revenue for their eCommerce merchants. In consideration for the Viral Loops acquisition, Wishpond provided a cash payment of US$1,380,000 and a one-year performance earn-out that may be paid in cash or by the issuance of the Company's Shares, at the sole discretion of the Company. The one-year earn-out will be based on the projected revenue of the business and is payable on a quarterly basis.
On April 20, 2022, the Company announced that the number of Winback's customer installations had increased by over 50%, including more than 180 Wishpond clients who are trialing the platform under promotional pricing plans. Wishpond also developed and launched new innovative features to the Winback platform over the last quarter.
On June 15, 2022, the Company announced that the renewal of its Notice of an Intention to make a Normal Course Issuer Bid ("NCIB") was approved by the TSX Venture Exchange. Under the renewed NCIB, the Company may, during the 12-month period commencing June 20, 2022 and ending June 19, 2023, purchase up to 2,613,316 Shares in total, being 5% of the total number of 52,266,332 Shares outstanding as at June 3, 2022. During the quarter ended June 30, 2022, the Company did not purchase any common shares under the NCIB (Q1-2022: 130,100 shares for aggregate consideration of $157,265).
- On July 12, 2022, the Company announced the launch of an all-new Website Builder product that includes lead tracking and segmentation tools, personalization abilities, advanced forms and pop-ups, integration with Wishpond's email marketing tool, referral marketing, calendar functionality, pop-ups, and more. Every element of this ground-breaking Website Builder has been designed to help businesses generate leads and sales. The Website Builder is expected to increase customer retention, reduce churn, and increase customer satisfaction.
- On July 20, 2022, the Company announced its annualized revenue run-rate(1) exceeded $20 million for the first time in the Company's history. Also on the same date, the Company announced its cost saving initiatives and operational efficiencies resulted in the Company expecting to realize more than $1.0 million in cost savings over the course of the next twelve months.
Wishpond expects to achieve record revenue and cash flows in the second half of the year driven by increased capacity in the Company's sales team, positive contributions from its acquisitions and new product related revenues. The Company's revenue and earnings growth are expected to continue in the second half of 2022 with the integration of its recent acquisitions, and an increase in cross-selling opportunities between products and solutions offered across all of its product lines.
In line with the Company's focus on profitable growth, Wishpond is scrutinizing all discretionary expenditures across the organization, with the intent of optimizing operations and achieving cost-saving synergies. The Company has a clean balance sheet and is able to continue to fund the growth of its sales team and new product launches from cash flows from operations, without having to raise any additional equity or debt capital.
David Pais, Wishpond's Chief Financial Officer commented, "Wishpond is in a very strong financial position with a strong balance sheet, improving cash flows and solid performance across its businesses. We are very pleased with the integrations of our most recent acquisitions, Winback and Viral Loops. Furthermore, we are very pleased with our laser focus on realizing cost efficiencies while maintaining our impressive revenue growth. We look forward to delivering our results and performance in the coming quarters."
Wishpond will be hosting a webinar conference call to discuss its Q2-2022 results today at 10:00 AM (PST) / 1:00 PM (EST).
To register for the webinar, please visit the following URL: https://bit.ly/WISH_Q2Results
Please connect 5 minutes prior to the conference call to ensure time for any software download that may be required.
The tables below set out selected financial information relating to Wishpond and should be read in conjunction with Wishpond's Interim Financial Statements and MD&A.
The Company's new Equity Incentive Plan dated May 12, 2022 (the "New Plan") was approved at the Annual General and Special Meeting of Shareholders (the "AGM") held on June 14, 2022 and replaces the former Stock Option Plan of the Company (the "Old Plan") last approved by shareholders on June 30, 2021. The New Plan provides for the flexibility to grant equity-based incentive awards in the form of stock options, as well as restricted share units, deferred share units, performance share units and stock appreciation rights. The New Plan is a rolling 10% plan, allowing for a maximum of 10% of the issued and outstanding common shares of the Company to be reserved for issuance. At June 30, 2022, the Company's issued and outstanding totaled 52,266,332 common shares (10% = 5,226,633) and 3,559,814 stock options were outstanding. The New Plan is subject to shareholder approval annually.
"Ali Tajskandar"
Chairman and Chief Executive Officer
Based out of Vancouver, British Columbia, Wishpond is a provider of marketing-focused online business solutions. Wishpond's vision is to become the leading provider of digital marketing solutions that empower entrepreneurs to achieve success online. The Company offers an "all-in-one" marketing suite that provides companies with marketing, promotion, lead generation, and sales conversion capabilities on one integrated platform. Wishpond replaces disparate marketing solutions with an easy-to-use product, for a fraction of the cost. Wishpond serves over 4,000 customers who are primarily small and medium-sized businesses (SMBs) in a wide variety of industries. The Company has developed cutting-edge marketing technology solutions and continues to add new features and applications with great velocity. The Company employs a Software-as-a-Service (SaaS) business model where substantially all the Company's revenue is subscription-based recurring revenue which provides excellent revenue predictability and cash flow visibility. Wishpond is listed on the TSX Venture Exchange under the ticker "WISH", and on the OTCQX Best Market under the ticker "WPNDF". For further information, visit: www.wishpond.com.
Information presented in this press release may be only a summary of all available information and does not purport to be a full representation of all figures, notes and discussions provided for in the Interim Financial Statements and MD&A. Readers are cautioned to read the entirety of the Interim Financial Statements and MD&A, and to not rely only on the information presented in this press release. In the event of conflict between the information in this press release on the one hand, and the Interim Financial Statements and MD&A on the other hand, the information in the Interim Financial Statements and MD&A shall govern.
In this press release, Wishpond has used the following terms ("Non-GAAP Financial Measures") that are not defined by International Financial Reporting Standards ("IFRS"), but are used by management to evaluate the performance of Wishpond and its business: earnings before interest, taxes, depreciation and amortization ("EBITDA"), adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA"), monthly recurring revenue, annualized revenue run-rate, gross profit and gross margin. These measures may also be used by investors, financial institutions and credit rating agencies to assess Wishpond's performance and ability to service debt. Non-GAAP Financial Measures do not have standardized meanings prescribed by GAAP and are therefore unlikely to be comparable to similar measures presented by other companies. Securities regulations require that Non-GAAP Financial Measures are clearly defined, qualified and reconciled to their most comparable GAAP financial measures. Except as otherwise indicated, these Non-GAAP Financial Measures are calculated and disclosed on a consistent basis from period to period. Specific items may only be relevant in certain periods. See the disclosure under the heading "Additional GAAP and Non-GAAP Measures" in Wishpond's MD&A for a discussion of Non-GAAP Financial Measures and certain reconciliations to GAAP financial measures. The intent of Non-GAAP Financial Measures is to provide additional useful information to investors and analysts, and the measures do not have any standardized meaning under IFRS. The measures should not, therefore, be considered in isolation or used as a substitute for measures of performance prepared in accordance with IFRS. Other issuers may calculate Non-GAAP Financial Measures differently. Non-GAAP Financial Measures are identified and defined as follows:
- Gross profit and Gross margin: The Company defines "gross profit" as revenue less cost of sales and "gross margin" as gross profit as a percentage of revenue. Gross profit and gross margin should not be construed as an alternative for revenue or net loss determined in accordance with IFRS. The Company believes that gross profit and gross margin are meaningful metrics in assessing the Company's financial performance and operational efficiency.
- Adjusted EBITDA: Adjusted EBITDA should not be construed as an alternative to net earnings, cash flow from operating activities or other measures of financial results determined in accordance with GAAP as an indicator of Wishpond's performance. The Company defines "Adjusted EBITDA" as Loss before income taxes less interest, depreciation and amortization, remeasurement of contingent consideration liability, filing fees, credit facility setup fees, earn-out remuneration, foreign currency losses (gains), acquisition related expenses, net other expenditures (income), reverse takeover listing expense, and stock-based compensation. The Company believes that Adjusted EBITDA is a meaningful financial metric as it measures cash generated from operations which the Company can use to fund working capital requirements, service future interest and principal debt repayments and fund future growth initiatives.
- Monthly recurring revenue: The Company uses monthly recurring revenue, or MRR, as a directional indicator of subscription revenue going forward assuming customers maintain their subscription plan the following month. MRR is the total of all monthly subscription plan fees paid by customers in effect on the last day of that period. If customers pay for more than one month upfront, the amount is divided by the number of months in the subscription period. Discounts are deducted prior to the calculation and one-time payments and metered based charges are excluded.
- Annualized revenue run-rate: Annualized revenue run-rate, or ARR, annualizes the Company's revenue run rate. ARR is calculated by multiplying the Company's MRR by twelve.
Statements that are not reported financial results or other historical information are forward-looking statements or forward-looking information within the meaning of applicable securities laws (collectively, "forward-looking statements"). This press release includes forward-looking statements regarding the Company, its subsidiaries and the industries in which they operate, including statements about, among other things, all information contained under the heading "Outlook" herein, expectations, beliefs, plans, future operations, origination of additional targets in which the Company may hold an interest and acquisition opportunities for the Company, business and acquisition strategies, opportunities, objectives, prospects, assumptions, including those related to trends and prospects, and future events and performance. Sentences and phrases containing or modified by words such as "expect", "anticipate", "plan", "continue", "estimate", "intend", "expect", "may", "will", "project", "predict", "potential", "targets", "projects", "is designed to", "strategy", "should", "believe", "contemplate" and similar expressions, and the negative of such expressions, are not historical facts and are intended to identify forward-looking statements. Readers are cautioned to not place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by forward-looking statements. Although the Company believes that the expectations reflected in forward-looking statements in this press release are reasonable and are based on, among other things, the expectations and analysis of current market trends and opportunities of management of the Company, such forward-looking statements has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company's control, including, but not limited to, economic uncertainty and instability as a result of the ongoing inflation and supply chain issues, raising interest rate climate and recessionary risks, COVID-19 pandemic, Russia-Ukraine war, instability in global commodity and securities markets, shifts in consumer and institutional spending and marketing strategies, the changing global market and competition for the products and services supplied by the Company, and the additional risk factors discussed in the continuous disclosure materials of the Company which are available under the Company's profile on SEDAR at www.sedar.com. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Wishpond Technologies Ltd. | https://www.wibw.com/prnewswire/2022/08/24/wishpond-achieves-record-revenue-q2-2022-exceeding-20-million-annualized-revenue-run-rate/ | 2022-08-24T12:45:54Z |
BETHESDA, Md., June 22, 2022 /PRNewswire/ -- The Luxury Collection Hotels & Resorts, part of Marriott Bonvoy's portfolio of 30 extraordinary hotel brands, today announced the opening of Cosme, a Luxury Collection Resort, Paros. The idyllic island of Paros is home to serene landscapes, refined culture, rich culinary history, naturally sculpted whitewashed architecture, cobbled pathways and stretches of crystal-clear beaches. Embracing the authentic Cycladic lifestyle and encouraging a carefree state of mind, Cosme offers global explorers an invigorating journey of experiences on the shores of the Aegean Sea, celebrating the joy of life in the charming town of Naoussa. Developed by Kanava Hotels & Resorts, Cosme embraces hoteliers Antonis Eliopoulos' and Kalia Konstantinidou vision and ethos for understated luxury while elevating authentic, Greek hospitality.
"We strongly believe in creating authentic, timeless experiences for our guests, encouraging deeper connections between themselves and the destination, by embracing the culture, rituals and traditions as well as evoking a sense of calm," said Kalia Konstantinidou, Co-Owner of Kanava Hotels & Resorts. The time is right to celebrate life and feel free. This is the concept behind the creation of Cosme. Our location, architecture, services and people open up possibilities, allowing guests to express their individuality and choose how they connect, imagine, and enjoy. Every aspect of the hotel is designed to give guests the freedom to make the experience their own."
The property's design, created by architecture and design studio ID Laboratorium, is characterised by the one-of-a-kind 'Aegean Touch' and elegantly blends rare elements from around the Mediterranean with bold Cycladic lines. Design details throughout reference the style and beauty of Paros. All buildings are clean-lined and made with local stone showcasing harmonious architectural compositions inspired by the island's bright fishing villages and indigenous houses. Even the hotel's half-moon pool is an ode to the destination, reflecting the shape of the bay in which Cosme stands. Designed as a natural extension of Naoussa, meandering pathways throughout the property create an intimate village-style feel, reminiscent of the town itself, encouraging guests to revel in chance encounters and serendipitous moments of discovery. The resort's open-air entrance and stone pathway, decorated with a curated explosion of greenery, leads into a marble-floored reception and lobby area that references historical Cycladic buildings. The entrance is light-filled and brought to life with a mural by artist Christina Mandilari of Naked Summers as well as distinctive wallpapers and fabrics featuring handmade embroidery by Pierre Frey. The resort also features a private beach and beach club.
The resort offers an intimate 40 suites, each uniquely appointed and with select suites featuring private pools and views across the crystalline waters. All suites include custom-made furniture by renowned Spanish designer Jaime Hayon, paired with fabrics in warm shades of burgundy and red as well as classic designs with stripes in shades of blue, a colour synonymous with Greece. Spanning 60 square meters and with views of the Aegean Sea, the exclusive and lavish Cosmos Suite is one of the most luxurious accommodations on the island. The ultimate escape, its expansive terrace comes with a private pool, open-air dining area, sunbeds and views across to Cosme's private beach.
"The opening of Cosme this summer is an exciting development for Paros and The Luxury Collection brand," said Philipp Weghmann, Vice President and Global Brand Leader for The Luxury Collection. "The Luxury Collection provides today's global travelers with experiences that are highly immersive and deeply reflective of the destination. Kanava Hotels & Resorts has been an incredible partner in bringing this vision to life at Cosme, creating an experience for guests that is singular to Paros and special in every way."
Remaining true to the island's roots, Kalia Konstantinidou has personally crafted concepts that bring a true sense of individuality to the hotel. These include a culinary journey by celebrated Greek chef, Yiannis Kioroglou, who brings his passion for 'Medite-Grecian cuisine to the hotel's dining destinations, beachside Parostia and laidback Volta at the heart of the resort. Having joined the team from La Petite Maison in Cannes and La Guerite in Saint Barths and with a background in some of Europe's favourite dining spots, Yiannis remains faithful to his Greek heritage and breathes Greek 'philoxenia' into all of his culinary creations. Each recipe reflects the generosity and laid-back, yet rich traditions of Paros, Greece and the Mediterranean sea. Guests also have the opportunity learn how to cook traditional regional dishes in the Aroma Garden with dedicated sessions each day.
Art is also an integral part of the guest experience with an eclectic mix of native multimedia Greek artists on display. Combining modern and classical approaches, these include Margarita Myrogianni's abstract images of details and shadows from traditional handmade embroidery, which become an abstract place of reference for images such as fishermen's nets, sea urchin shapes, nautical ropes and the light of the Cycladic islands. The potter Dimitris Spyros decorates various hidden corners of the hotel with his unusual forms that are inspired by the sculptural stones of the island's landscape. Outdoors, ID Laboratorium selected the artist Terpsichore, who collaborated with the ceramicist Nikos Gagiatsos to create the faces of its famous lazy sailors, painted on pots.
Located at the highest point in the resort and named after the Greek God of the Sun, Elios Spa pays tribute to the extraordinary setting in which it is nestled. Embracing the slow-paced Cycladic way of life, Elios Spa is a sanctuary for the senses where guests encouraged to rediscover harmony through holistic treatments using exclusively indigenous resources, pure extracts and innovative techniques. The carefully selected spa partner, KORRES, blends rare organic ingredients from Greece and the wider Mediterranean to create locally-inspired healing rituals, treatments and therapies that can be crafted to guests' needs and are designed to stimulate and revitalize the body, soul and spirit. Signature rituals include the Korres Greek Yogurt Facial, the Aegean Sensation Candle Massage and the Elios Sunlight Wellbeing Journey. On the roof of the spa, a dedicated space for star-gazing overlooks Naoussa and the sea, making it ideal for mind-broadening yoga and meditation rituals.
Rates from 900 euro in high season.
ABOUT KANAVA HOTELS & RESORTS
Kanava Hotels & Resorts was created in 1989 by Antonis Eliopoulos, joined in 2000 by his wife Kalia Konstantinidou. Today, Kalia & Antonis Eliopoulos own and manage successfully three awarded five-star hotels and several luxurious villas in Santorini, as well as one five-star hotel and a villa complex in Paros. Kanava Hotels & Resorts elevates authentic, Greek hospitality through its distinct brands of organic, understated luxury. With a strong sense of location in the most exclusive destinations, each unique property offers a celebration of Greek escape for the experiential traveler. Drawing inspiration from the abundant nature and the pastoral landscapes surrounding the properties, the assembly offers an accommodation experience that seems to decelerate time and fill visitors with a sense of solace and serenity. The brand's core principles of sublime regional architecture and design, holistic wellbeing and the reflection of local culture and meaningful experiences, immerse the explorers into the authentic Cycladic island life and carefree state of mind. For more information, please visit www.kanavahotels.com.
About The Luxury Collection® Hotels & Resorts
The Luxury Collection® is comprised of world-renowned hotels and resorts offering unique, authentic experiences that evoke lasting, treasured memories. For the global explorer, The Luxury Collection offers a gateway to the world's most exciting and desirable destinations. Each hotel and resort is a unique and cherished expression of its location; a portal to the destination's indigenous charms and treasures. Originated in 1906 under the CIGA® brand as a collection of Europe's most celebrated and iconic properties, today The Luxury Collection brand is a glittering ensemble of more than 120 of the world's finest hotels and resorts in more than 35 countries and territories. All of these hotels, many of them centuries old, are internationally recognized as being among the world's finest. For more information and new openings, visit theluxurycollection.com or follow Twitter, Instagram and Facebook. The Luxury Collection is proud to participate in Marriott Bonvoy®, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments and unparalleled benefits including free nights and Elite status recognition. To enroll for free or for more information about the program, visit marriottbonvoy.com.
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SOURCE Marriott International, Inc. | https://www.mysuncoast.com/prnewswire/2022/06/22/luxury-collection-hotels-amp-resorts-evokes-luxurious-coastal-charm-with-opening-cosme-luxury-collection-resort-paros/ | 2022-06-22T18:33:17Z |
Did you lose money on investments in Teladoc Health? If so, please visit Teladoc Health, Inc. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com to discuss your rights.
NEW YORK, June 7, 2022 /PRNewswire/ -- Bernstein Liebhard LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of Teladoc Health, Inc. ("Teladoc" or the "Company") (NYSE: TDOC) between October 28, 2021 and April 27, 2022, inclusive (the "Class Period"). The lawsuit was filed in the United States District Court for the Southern District of New York and alleges violations of the Securities Exchange Act of 1934.
Teladoc provides virtual healthcare services in the U.S. and internationally through Business-to-Business ("B2B") and Direct-to-Consumer ("D2C") distribution channels. The Company offers its customers various virtual products and services addressing, among other medical issues, mental health through its BetterHelp D2C product, and chronic conditions.
Teladoc touts itself as "the first and only company to provide a comprehensive and integrated whole person virtual healthcare solution that both provides and enables care for a full spectrum of clinical conditions[.]" Despite recent market concerns over new entrants to the telehealth field, such Amazon.com, Inc. ("Amazon") and Walmart Inc. ("Walmart"), the Company has continued to assure investors of the Company's dominant market position in the industry.
Plaintiff alleges that Defendants made materially false and misleading statements throughout the Class Period. Specifically, Plaintiff alleges that Defendants failed to disclose that: (i) increased competition, among other factors, was negatively impacting Teladoc's BetterHelp and chronic care businesses; (ii) the growth of those businesses was less sustainable than Defendants had led investors to believe; (iii) as a result, Teladoc's revenue and adjusted EBITDA projections for FY 2022 were unrealistic; and (iv) as a result of all the foregoing, Teladoc would be forced to recognize a significant non-cash goodwill impairment charge.
On April 27, 2022, Teladoc announced its first quarter ("Q1") 2022 financial results, including revenue of $565.4 million, which missed consensus estimates by $3.23 million, and "[n]et loss per share of $41.58, primarily driven by [a] non-cash goodwill impairment charge of $6.6 billion or $41.11 per share[.]" Additionally, the Company revised its FY 2022 revenue guidance to $2.4 - $2.5 billion and adjusted EBITDA guidance to $240 - $265 million "to reflect dynamics we are currently experiencing in the [D2C] mental health and chronic condition markets." On a conference call with investors and analysts that day to discuss Teladoc's Q1 2022 results, Defendants largely attributed the Company's poor performance, revised FY 2022 guidance, and $6.6 billion non-cash goodwill impairment charge to increased competition in its BetterHelp and chronic care businesses.
On this news, the Company's stock price fell over 40% to close at $33.51 per share on April 28, 2022.
If you wish to serve as lead plaintiff, you must move the Court no later than August 5, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
If you purchased TDOC securities, and/or would like to discuss your legal rights and options please visit Teladoc Health, Inc. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for ten consecutive years.
ATTORNEY ADVERTISING. © 2022 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Contact Information:
Peter Allocco
Bernstein Liebhard LLP
https://www.bernlieb.com
(212) 951-2030
pallocco@bernlieb.com
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SOURCE Bernstein Liebhard LLP | https://www.kxii.com/prnewswire/2022/06/07/teladoc-health-inc-nyse-tdoc-shareholder-class-action-alert-bernstein-liebhard-llp-announces-that-securities-class-action-lawsuit-has-been-filed-against-teladoc-health-inc-nyse-tdoc/ | 2022-06-07T22:22:45Z |
New research from Gravy Analytics looks at the changing habits of consumers after moving, with rising costs impacting their daily lives
DULLES, Va., Aug. 24, 2022 /PRNewswire/ -- Against a backdrop of record-high inflation rates, cost-of-living has impacted over a quarter (34%) of Americans who moved during the pandemic to more affordable areas with greater open space. That's according to new data released today by Gravy Analytics, a leading provider of enterprise location intelligence.
Among the 1,500 U.S. consumers surveyed on their post-move habits, 34% reported that a higher cost-of-living was their biggest daily challenge. This is despite 18% of respondents citing the need for more affordable housing as the main driver for their move, trailing only the need for more space (33%) and the desire to be closer to family (22%).
Location intelligence insights from Gravy Analytics further demonstrate the desire for a more affordable cost-of-living as a driving force of pandemic moves, as the counties that gained the most population between Q1 2020 and Q1 2022 had a 33% lower weighted average median home value compared to the counties that lost the most population. Median household income is only 6% lower in top gaining counties than in top losing counties, suggesting that those people who moved were able to keep a similar household income, such as maintaining their roles in a remote/hybrid capacity, while also being able to spend significantly less on housing.
Shopping habits similarly reflect a preference for affordability, as the desire for low prices were cited as the biggest factor by 32% of Americans when selecting a grocery store in their new location. Low prices ranked higher than a convenient location to home or work (13%) and offering a good customer experience (12%).
"As the post-pandemic consumer landscape continues to evolve and inflation impacts every factor of American life, organizations must be armed with data to know how to respond and plan," said Jeff White, founder and CEO of Gravy Analytics. "By using location intelligence to observe behaviors such as where consumers are moving to and how their purchasing habits have evolved, city planners, retailers and logistics professionals alike can identify key trends early on and use the data to guide their strategies."
Additional survey findings also revealed:
- Shopping habits shifted significantly, with mom-and-pop shops being the biggest benefactors. Almost two-thirds (61%) of consumers changed their shopping habits after moving, with 34% now primarily shopping at mom-and-pop stores instead of national retail chains. Comparatively, 27% now primarily shop at national retail chains rather than mom-and-pop shops. Location intelligence from Gravy Analytics observed a similar trend, as non-chain stores retained more foot traffic than national retailers from Q3 2020 through Q2 2022.
- Americans didn't move far, with many staying in the same region. The Southeast experienced the highest increase in population gains, as 27% of Americans surveyed moved to this region, but the majority of new residents (52%) had previously lived elsewhere in the Southeast. Each region saw similar trends, with almost half of new residents coming from somewhere within that same region.
- Environmental risks drive movement decisions. The impact of climate change is influencing where consumers of all generations choose to live, as more than two-thirds (70%) reported environmental risks as a deciding factor.
- Regional political affiliation plays a role in choosing a place to live. Only a slight majority (53%) of Americans consider the political affiliation of a region when deciding on a place to live. Location intelligence data from Gravy Analytics observed similar trends, as many people moved away from the West Coast and Northeast to politically-opposite deep Southeast, Midwest and Southwest regions. As of Q1 2022, however, more people have left places like Texas, Florida, and Illinois and moved or returned to West Coast states like California and Washington.
For more information on how location intelligence can be utilized to better predict consumer behavior, please visit www.gravyanalytics.com.
Gravy Analytics surveyed 1,500 consumers above the age of 18 in the United States using the online insights platform Pollfish. This survey was completed in the summer of 2022.
Where people go and why tells the story of our world. Founded in 2011, Gravy Analytics is the enterprise location technology company providing actionable intelligence to businesses. Using its patented technology, the company brings data about people, places, and events together to understand human mobility, helping companies enhance their sales and marketing strategies and optimize business operations. Today, the company's intelligence powers leading-edge solutions for a wide range of industries—from advertising to market research, financial services to supply chain risk management—that rely on knowing how people, products, and materials move throughout the world. For more information, please visit gravyanalytics.com.
Contact: SHIFT Communications for Gravy Analytics, gravy@shiftcomm.com
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SOURCE Gravy Analytics | https://www.kxii.com/prnewswire/2022/08/24/despite-seeking-out-affordable-locations-lifestyles-pandemic-34-americans-report-higher-cost-of-living-post-move/ | 2022-08-24T14:05:53Z |
--Transaction Represents Convergix's Third Acquisition in Plan to Build a Market Leading Automation Solutions Provider Targeting a $500 Billion+ Global Market--
DETROIT and ARBROATH, Scotland, Aug. 31, 2022 /PRNewswire/ -- Convergix Automation Solutions ("Convergix"), an automation solutions company backed by leading private equity firm Crestview Partners ("Crestview"), has completed the acquisition of AGR Automation ("AGR"), a UK-based provider of custom, high-performance automation design and systems integration primarily to the life sciences industry. Following Convergix's acquisitions of JMP Solutions in August 2021 and Classic Design in February 2022, AGR marks the third investment in Crestview's strategy to build Convergix into a diversified automation solutions provider targeting the global $500+ billion market, with a particular focus on the $70 billion global systems integration and connectivity segments. Financial terms of the transaction were not disclosed.
Founded in 1970, AGR is a leading designer, developer, and integrator of innovative and high-value automated systems to multinational customers across a variety of sectors, including life sciences and consumer goods. With end-to-end systems integration capabilities and a focus on precision applications, AGR's approximately 130 employees work across three locations in Scotland, England, and Northern Ireland. AGR's Managing Director Derek Gaston will remain in an advisory role, and its senior managers will continue in their current leadership roles.
"The acquisition of AGR and its subsidiary company Aylesbury Automation accelerates Convergix's planned global expansion and marks our first foray into Europe," said Mike DuBose, Executive Chairman of Convergix. "AGR brings market-leading technical capabilities and exposure to strategic end markets such as life sciences and consumer goods, while expanding Convergix's capacity for growth. We are excited to partner with the AGR team to continue building a world-class provider of custom automation solutions to global customers. AGR's focus on engineering quality and commitment to customer satisfaction are well aligned with Convergix's culture and strategy. We look forward to leveraging our existing operations across North America and India to create more opportunities for AGR to deliver exceptional customer solutions."
Derek Gaston noted, "I am honored to have been part of building an innovative and high-quality provider of automated systems, which would not have been possible without the hard work and commitment of our exceptional team members and the loyalty of our customers. The AGR team is excited to join Convergix and to leverage its operational expertise to accelerate AGR's growth and enhance our ability to serve our valued customers."
About Crestview Partners
Founded in 2004, Crestview is a value-oriented private equity firm focused on the middle market. The firm is based in New York and manages funds with approximately $10 billion of aggregate capital commitments. The firm is led by a group of partners who have complementary experience and backgrounds in private equity, finance, operations and management. Crestview has senior investment professionals focused on sourcing and managing investments in each of the specialty areas of the firm: industrials, media and financial services. For more information, please visit www.crestview.com.
About Convergix Automation Solutions
Convergix Automation Solutions elevates the automation industry through comprehensive products, technology and services that improve productivity and maximize talent. By closing gaps in automation and through earned trust, Convergix leverages creative and solutions-oriented engineering and technology to allow its customers to reach their complete potential to develop, create and drive industries forward. For more information, please visit www.convergixautomation.com.
About AGR Automation
Founded in 1970, AGR is a leading automation integrator with extensive expertise in vibratory and centrifugal technologies, vision recognition, and robotics. Headquartered in Arbroath, Scotland with three locations across the U.K. and a strong commitment to innovation, AGR is an established partner capable of delivering highly specialized solutions across diverse systems and applications. For more information, please visit www.agr-automation.com.
Crestview Contact:
Jeffrey Taufield or Daniel Yunger
Kekst CNC
jeffrey.taufield@kekstcnc.com / daniel.yunger@kekstcnc.com
(212) 521-4800
Convergix Contact:
Vanessa Stiles, APR
dgs Marketing Engineers
stiles@dgsmarketing.com
(317) 696-7102
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SOURCE Crestview Partners; Convergix Automation Solutions; AGR Automation | https://www.kxii.com/prnewswire/2022/08/31/crestview-backed-convergix-automation-solutions-acquires-agr-automation/ | 2022-08-31T13:43:16Z |
Independent Research Identified Storm Guard as One of the Top 100 Franchise Brands with the Best Culture Based on Surveys of Over 30,000 Franchise Owners
FORT WORTH, Texas, July 11, 2022 /PRNewswire/ -- Storm Guard – America's largest roofing and construction franchise– was recently named to Franchise Business Review's third annual "Culture100" list. The list recognizes the top 100 franchise brands in a 2022 report on the Best Franchise Cultures. Storm Guard has had massive success this year and are continuing to grow all across the country.
After traveling to help communities that were devastated by natural disasters, the brand's founders realized that their exceptional customer service and quality work was needed in a multitude of states. Since 2003, Storm Guard has been helping as many families as possible restore their homes after storms and solve problems that all property owners experience including roofing, siding, window improvements, painting, emergency tarping, and installing proper gutters. All repairs ranging from general home upgrades to storm restoration are completed with their customers' best interests in mind, with the brand taking measures to ensure their satisfaction such as alleviating the stress of dealing with insurance claims and providing high-quality work without the high cost.
Franchise Business Review, a franchise market research firm that performs independent surveys of franchisee satisfaction, provides the only rankings of franchises based solely on actual franchisee satisfaction and performance. Franchise Business Review publishes its rankings of top franchises in its annual Guide to Today's Top Franchises, as well as in special interest reports throughout the year that identify the top franchises in specific sectors.
Storm Guard was among more than 300 franchise brands, representing more than 30,000 franchise owners that participated in Franchise Business Review's research on the best franchise cultures. Franchisees were surveyed on 33 benchmark questions about their experience and satisfaction regarding critical areas of their franchise systems. The brands that were selected received the highest overall ratings based on 12 questions that looked at perception of brand vision, team culture, honesty and integrity, and overall support.
"We are incredibly proud of how strong the culture is at Storm Guard," said President of Storm Guard, Shane Lynch. "As with any company, the culture is carried out through the franchisees, which is why we look for people that are dedicated to helping their community rebuild after a disaster and to be a part of the Storm Guard family."
"Every franchise organization has a different culture and vibe. Some franchises are more serious and formal, while others are more relaxed and casual," said Michelle Rowan, president & COO of Franchise Business Review. "A franchise company's culture – and your potential fit into that culture – should guide your franchise investment decision. Looking at data on how current franchisees rate a brand's culture will tell you how well the franchise leadership team is executing on the vision of the brand, and how well the community of support staff and franchisees work together to achieve their business objectives. The best place to start is with the brands on this year's Culture100 list. All of them had an FBR "Culture Score" of 80+ on a 100 point satisfaction scale, putting them in the top quartile of franchises when it comes to culture."
Visit FranchiseBusinessReview.com to see the full list of the 2022 Best Franchise Cultures.
Founded in 2003, Storm Guard saw the demand for a company that specializes in roofing and construction. As a single location in Minnesota, Storm Guard found themselves traveling to help local communities that were devastated by natural disasters. After responding to a hurricane in Florida in 2012, the founders saw the need for their services all over the country and decided to turn it into a franchise. Today, Storm Guard has over 38 and is looking to add 100 franchise locations in the next five years. They are looking for dedicated and exceptional individuals to help continue their success throughout the nation.
Franchise Business Review (FBR) is a leading market research firm serving the franchise sector. FBR measures satisfaction and engagement of franchisees and franchise employees and publishes various guides and reports for entrepreneurs considering an investment in a franchise business. Since 2005, FBR has surveyed hundreds of thousands of franchise owners and over 1,100 leading franchise companies. To read our publications, visit https://franchisebusinessreview.com/page/publications/. To learn more about FBR's research, please visit www.FranchiseBusinessReview.com
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SOURCE Storm Guard | https://www.mysuncoast.com/prnewswire/2022/07/11/storm-guard-named-franchise-business-reviews-2022-culture100-list/ | 2022-07-11T22:25:43Z |
Judge rules Amazon must reinstate fired warehouse worker
By HALELUYA HADERO
AP Business Writer
A judge has ruled Amazon must reinstate a former employee who was fired in the early days of the pandemic after leading a protest calling for the company to do more to protect workers against COVID-19. On Monday, administrative law judge Benjamin Green said Amazon must offer the former worker, Gerald Bryson, his job back, as well as lost wages and benefits resulting from his “discriminatory discharge.” Bryson led a protest in April 2020 in front of the Staten Island warehouse that voted to unionize earlier this month. While off the job during the protest, Bryson got into a dispute with another worker. He was later fired for violating Amazon’s vulgar-language policy. | https://localnews8.com/news/ap-national-business/2022/04/18/judge-rules-amazon-must-reinstate-fired-warehouse-worker/ | 2022-04-19T03:57:43Z |
- Newest gummies are first in Mystic Labs' product line to feature CBN -
TAMPA, Fla., Aug. 23, 2022 /PRNewswire/ -- Mystic Labs™, the manufacturer and distributor of Delta-8 THC products and Delta-9 THC Gummies, announces its newest additions to its gummy product line, Delta-8 Sleep Gummies and Delta-9 Sleep Gummies. These are the first Mystic Labs gummies to contain the cannabinoid CBN.
"As our experience and reputation shows from manufacturing industry-leading Delta-8 and Delta-9 Gummies, innovation is key," said Vince Gillen, vice president of sales. "Our distribution and retail partners continue to drive our growth across multiple channels with new products that consumers trust and rely on."
Mystic Labs Delta-8 Sleep Gummies feature 25mg of Delta-8 THC, 5mg of CBN, and Mystic Labs' proprietary calming blend, including chamomile, lemon balm, passionflower, and lavender extracts. They come in a Spellbound Cherry flavor and a 30-count bottle with an MSRP of $38.99.
Additionally, Mystic Labs Delta-9 Sleep Gummies contain 10mg of Delta-9 THC, 5mg of CBN, and the same proprietary calming blend. They also feature a cherry flavor and are available in 30-count bottles with an MSRP of $44.99.
These are the latest additions to Mystic Labs' gummy variations, following the launch of High Potency Delta-8 THC Gummies and Delta-9 THC Gummies earlier this year. Federally compliant under the 2018 Farm Bill, all Mystic Labs THC Gummies are independently lab tested to ensure safety and compliance with all state and federal regulations.
All Mystic Labs products are crafted and manufactured by its in-house team of more than 300 employees across four manufacturing and distribution locations in Tampa, Florida.
For more information about its commitment to providing the highest-quality Delta-8 and Delta-9 products and to shop Delta-8 and Delta-9 THC Gummies, visit https://www.mysticlabsd8.com.
Mystic Labs™, founded in 2020 and headquartered in Tampa, Florida, is a manufacturer and distributor of premium Delta-8, Delta-9 THC, and Kratom Extract products, including gummies, tinctures and vaping products. With more than 150,000 square feet of manufacturing space and over 350 employees, Mystic Labs' dedication to quality happens in-house, where it formulates, manufactures, and distributes products in the United States. All products are tested in-house and independently lab tested by a third-party lab. Learn more at https://www.mysticlabsd8.com.
Media Contact:
Joe Agostinelli, PR Manager
813-497-5752| mediarelations@globalwidget.com
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SOURCE Mystic Labs | https://www.wibw.com/prnewswire/2022/08/23/mystic-labs-debuts-delta-8-delta-9-sleep-gummies/ | 2022-08-23T15:12:31Z |
Gas-powered muscle cars drive into the sunset, turn electric
PONTIAC, Mich. (AP) — Thundering gas-powered muscle cars, for decades a fixture of American culture, will be closing in on their final Saturday-night cruises in the coming years as automakers begin replacing them with super-fast cars that run on batteries.
Stellantis’ Dodge brand, long the performance flag-bearer of the company formerly known as Fiat Chrysler, is officially moving toward electricity. On Wednesday night, Dodge unveiled a battery-powered Charger Daytona SRT concept car, which is close to one that will be produced in 2024 as the sun sets on some petroleum models.
Stellantis says it will stop making gasoline versions of the Dodge Challenger and Charger muscle cars and the Chrysler 300 large car by the end of next year. The Canadian factory that makes them will be converted to electric vehicles. Other automakers are moving — or have moved — in the same direction.
General Motors has said it will build an all-electric Chevrolet Corvette. Tesla says its Model S Plaid version is the fastest production vehicle made, able to go from zero to 60 mph (97 kilometers per hour) in under 2 seconds. Audi, Mercedes, Porsche and other European automakers already have high-performance electric models on sale. And Polestar, an electric-performance spinoff from Volvo, just announced a new Polestar 6 roadster for 2026.
One reason for the industry shift is that electric vehicles are simply faster off the starting line. Their handling is typically better, too, because their heavy batteries create a low center of gravity.
Stricter government pollution requirements are another factor, too. As automakers in the U.S. face more stringent fuel-economy requirements adopted by the Biden administration and produce a broader range of EV vehicles, they will have to jettison some of their gas-fueled muscle-car models.
Tim Kuniskis, CEO of the Dodge brand, said the possibly of government fines for not meeting gas-mileage requirements hastened the shift to the electric Charger. “Compliance fines and things like that associated with a big cast-iron supercharged V8, yes, it’s tough,” he said.
Still, it will take a few years for the gas-powered classics to go away.
“Over the next several years, I think we’ll continue to have some internal combustion stuff, probably through most of the decade,” said Sam Abuelsamid, a research analyst at Guidehouse Insights. “But increasingly, the focus is going to be on the electric ones.”
Under new gas-mileage standards that were unveiled in April, the fleet of new vehicles will have to average around 40 miles per gallon in 2026, up from 25.4 mpg now, the EPA says. The standards are likely to become even stronger in the future, a trend that will compel U.S.-based automakers to shed some gasoline muscle cars if they are to avoid fines.
Of all major automakers, the EPA says, Stellantis had the lowest average fuel economy — 21.3 miles per gallon — and the highest average carbon dioxide emissions. So the company likely will have to eliminate some models to avoid fines. Its limited-edition Charger SRT Widebody, with a supercharged 6.2-liter Hemi Hellcat V-8, for instance, gets only 12 mpg in city driving and 21 mpg on the highway.
To many gearheads, the thought of a muscle car without noise and smells is heresy. But Kuniskis says Dodge is working hard to make the electric experience match internal combustion. The Charger, he said, will generate its own air flow to make an exhaust noise that rivals gas performance cars. And the transmission will shift gears.
When the electric Charger was driven through a garage door and entered a building Wednesday night at a racetrack in Pontiac, Michigan, it roared just like a gas muscle car.
Electric vehicles, Kuniskis said, have the potential to perform better than gas muscle cars with fast acceleration. But he said they are kind of sterile. “It doesn’t have the emotion. It doesn’t have the drama. It doesn’t have the kind of dangerous feeling that ICE (an internal combustion engine) has when it’s loud and rumbling and shifting and moving the car around.”
Kuniskis wouldn’t say how fast the electric Charger will go from zero to 60 mph, but said it would be faster than the company’s current petroleum performance cars. He also wouldn’t say the range-per-charge for the new Challenger, but added that range isn’t as important as making it a true muscle car.
Rick Nelson, the owner of Musclecar Restoration & Design in Pleasant Plains, Illinois, near Springfield, cautioned that switching from loud fuel-burning engines to quiet electricity may be a hard sell to old-timers who grew up with the sounds and smells of racing.
Nelson, 61, said he restored his first car while a teenager and spent hours at drag strips. He acknowledged that the switch to electricity is inevitable and is needed to attract a new generation that has become used to quiet speed. Still, he said, electric muscle cars won’t have manual shifters, and he’ll miss the smell of racing fuel at the track.
Already, Nelson said, businesses are cropping up to put electric powertrains in classic muscle cars. He has been in touch with an engineer at Tesla about retrofitting batteries and electric motors into some classics.
“Guys like me are just going to frown on it and laugh at it,” Nelson said of electric muscle cars. “But this isn’t about my generation.”
Kuniskis says the shift to electricity doesn’t mean the end of the muscle car. It’s just a new era.
“It’ s OK,” he said. “Let us show you what the future looks like.”
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/08/18/gas-powered-muscle-cars-drive-into-sunset-turn-electric/ | 2022-08-18T15:11:58Z |
NEWARK, N.J., Aug. 2, 2022 /PRNewswire/ -- The New Jersey Hall of Fame (NJHOF) is thrilled to announce its 14th class of inductees, once again highlighting some of the state's best and brightest.
The inductees showcase the wide-ranging talent of the Garden State, from former Eagles quarterback Ron Jaworski to comedian Chelsea Handler. Other inductees include singer-songwriter and drummer Max Weinberg.
The 14th Annual Induction Ceremony will be broadcast on My9NJ and on NJ PBS, radio and prominent social media platforms, making the event widely available to the public. This year's ceremony will be virtual, but NJHOF officials look forward to holding a live ceremony in 2023.
"New Jersey is never at a loss for heroes and role models for coming generations," says Jon F. Hanson, chairman of the NJHOF. "We are honored to celebrate the lives and contributions of these notable New Jersey luminaries throughout the state, at our terminals and Parkway service areas, and next year at our Entertainment and Learning Center at American Dream."
The New Jersey Hall of Fame Class of 2022 is:
The 12 inductees in the five categories were chosen out of 50 nominees after a public vote.
ABOUT THE NJHOF: Because everyone needs a hero, the New Jersey Hall of Fame (NJHOF) honors citizens who have made invaluable contributions to society, the State of New Jersey and the world beyond. Since 2008, the NJHOF has hosted 12 ceremonies for more than 180 notable individuals and groups in recognition of their induction into the Hall of Fame. The NJHOF endeavors to present school children with significant and impactful role models to show that they can, and should, strive for excellence. The NJHOF is thankful for the support of its many sponsors, like Hackensack Meridian Health, without which none of our endeavors would be possible. For more information, go to www.njhalloffame.org.
CONTACT: Ethan Andersen, ethan@princetonsc.com, (732) 207-6771
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SOURCE New Jersey Hall of Fame | https://www.kxii.com/prnewswire/2022/08/02/new-jersey-hall-fame-announces-its-incoming-2022-class-inductees/ | 2022-08-02T17:58:02Z |
(WXIN) — While fall begins on Sept. 22, leaf peepers in most parts of the United States will have to wait a few weeks until peak foliage time, according to one prediction map.
The Smoky Mountains are one of the most popular places to catch leaves changing color, and its 2022 Fall Foliage Prediction map is a tool designed to help travelers decide on the best time to visit.
Using a complex algorithm, the map forecasts county-by-county fall foliage based on millions of data points. The data includes historical temperatures, historical precipitation, forecast temperatures from the National Oceanic and Atmospheric Administration; historical leaf peak trends, and even user-generated information.
The northernmost states in the contiguous U.S. are the first to see the changing of leaves, and the trend slowly trickles down to the southernmost states.
Across the U.S., the peak foliage happens sometime between Oct. 3 and Nov. 21.
For Smoky Mountain visitors, the leaf peeping doesn’t get better than the week of Oct. 31.
In the Midwest, the second and third weeks of October are typically the peak times, depending on your location, according to the Almanac. The change there starts by late September.
In the New England area, also beloved for its colorful fall leaves, peak foliage will be around Oct. 10, according to the foliage prediction map.
Why do leaves change color?
Chlorophyll is the compound that gives leaves their green color and helps plants by converting sunlight into “food” through photosynthesis.
As the days get shorter and colder in the fall, chlorophyll in leaves breaks down and reveals the natural colors underneath, including red, orange and yellow.
The colors are based on chemicals in the leaves like carotenoids and anthocyanin, according to the Harvard Forest.
What’s the effect of the weather?
“Another important part of leaf-peeping is knowing the right time to go!” according to the Almanac. “For the best experience, not only should leaves be near their peak colors, but the weather should be agreeable, too.”
While many folks prefer blue skies and full sun to view the brilliance of the changing colors, others say a lightly overcast day could make the colors appear to “pop against the somber skies.”
The least desirable conditions are rain and wind, the latter of which can result in prematurely bare trees, the Almanac said. | https://cw33.com/news/nexstar-media-wire/when-is-peak-fall-foliage/ | 2022-09-11T19:02:42Z |
Coop Brings Three Decades of Experience Across Operations, Revenue, Product, Risk
New Move Enacted To Continue Growth For Leading Financial Technology Company
NEW YORK, June 15, 2022 /PRNewswire/ -- DailyPay, a leading financial technology company, today announced that Kevin Coop has been named Chief Executive Officer. He will join the Board of Directors and lead operations. Coop brings three decades of experience running operations, driving growth and sustaining profitability at companies of various sizes and stages. Most recently, Coop served as President of North America at Dun & Bradstreet, where he was responsible for profitability and growth of North America across all product lines and businesses.
"DailyPay has revolutionized pay in the U.S. with on-demand pay, dominating a category it created at its founding," said Coop. "As the company looks to achieve its next phase of growth, I am honored to step in as CEO and help the team further achieve its mission."
Since joining DNB as part of the leadership team that led the privatization in 2019, and return to the public markets in 2020, Coop held positions overseeing global revenue, commercial operations and enterprise commercial technology including marketing, eCommerce, and platforms. During his tenure he consistently grew all segments through a solid combination of organic growth, productivity increases, product expansion, market penetration and strategic acquisitions. Over the course of his career, he has helped lead several successful IPOs, including at Dun & Bradstreet, Black Knight, Verisk, Move and Premenos.
Prior to joining DNB he led the Data & Analytics businesses for Black Knight as its Group President where he was responsible for all operating functional areas and accountability for profitability and growth for five years and was part of the leadership IPO team. Prior to that, Coop was Group President of the financial services businesses of Verisk which he led for ten years including during its successful IPO.
The announcements were made today by the DailyPay Board of Directors led by Adam Boyden, Managing Director at RPM Ventures.
"Kevin has a tremendous track record of growing, innovating, and operating at both early-stage and more established companies. As we have reached the stage where we need to combine our growth with increased operational rigor we are thrilled to have him join the DailyPay team at such an exciting time," said Boyden. "On behalf of the board, I want to thank Jason Lee for his visionary leadership and commitment to DailyPay. Under Jason's watch, DailyPay has evolved into one of the country's leading financial technology firms and the gold standard in on-demand pay, an industry Jason pioneered."
Featured in Time Magazine's "Best Inventions of 2021," in May of 2021 DailyPay announced that it had secured $500 million of capital consisting of a $175 million Series D equity round led by Carrick Capital Partners as well as $325 million of credit capital from various sources.
About DailyPay
DailyPay, powered by its industry-leading technology platform, is on a mission to build a new financial system. Partnering with America's best-in-class employers, including Dollar Tree and Adecco, DailyPay is the recognized gold standard in on-demand pay. Through its massive data network, proprietary funding model and connections into over 6,000 endpoints in the banking system, DailyPay works to ensure that money is always in the right place at the right time for employers, merchants and financial institutions. DailyPay is building technology and the mindset to reimagine the way money moves, from the moment work starts. DailyPay is headquartered in New York City, with operations based in Minneapolis. For more information, visit www.dailypay.com/press.
Media Contacts
David Schwarz
Email: david.schwarz@dailypay.com
Gabriella Lourie
Email: gabriella.lourie@dailypay.com
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SOURCE DailyPay | https://www.wibw.com/prnewswire/2022/06/15/dailypay-announces-kevin-coop-assume-ceo-board-roles/ | 2022-06-15T18:20:19Z |
BLOOMFIELD, Conn., April 27, 2022 /PRNewswire/ -- The Board of Directors of Cigna Corporation (NYSE: CI) today declared a cash dividend of $1.12 per share of Cigna common stock, payable on June 23, 2022 to shareholders of record as of the close of business on June 8, 2022.
About Cigna
Cigna Corporation is a global health services 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 over 185 million customer relationships around the world. To learn more about Cigna®, including links to follow us on Facebook or Twitter, visit www.cigna.com.
Media Contact
Justine Sessions
1 (860) 810-6523
Justine.Sessions@cigna.com
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SOURCE Cigna | https://www.kxii.com/prnewswire/2022/04/27/cigna-declares-quarterly-dividend/ | 2022-04-27T23:19:04Z |
Zocdoc appointment booking trends, and user and provider surveys, show how healthcare has evolved in the two years since the onset of the COVID-19 pandemic, and shed light on the highs and lows of delivering and receiving care during an unprecedented time
Data points to a pronounced preference, with the exception of mental health, for in-person care, and for the use of telehealth as one part of the overall continuity of care
NEW YORK, June 22, 2022 /PRNewswire/ -- Zocdoc, the leading healthcare marketplace that makes it easy for people to find and book in-person or virtual care across +200 specialties and +12k insurance plans, today announced "The Healthcare Experience: 2022", a comprehensive report that includes data from Zocdoc user and provider surveys, and an analysis of healthcare appointment booking trends beginning in May 2020 – the first full month Zocdoc facilitated video visit bookings – through May 2022.
To uncover insights regarding how users' booking choices, and the perspectives of providers and users, evolved throughout the pandemic, Zocdoc conducted provider and user ("patient") surveys, and analyzed aggregated appointment booking data. The results show four key insights, detailed below.
Prior to the pandemic, telehealth represented just ~1% of care. At its onset, amid stay-at-home orders and concerns about contracting COVID-19, many Americans turned to telehealth to safely get the care they needed; at telehealth's peak, between March and August 2020, 13% of outpatient visits were conducted via telehealth. As Americans have emerged from the acute beginnings of the pandemic and adapted to a new normal, an overwhelming majority of patients are choosing to see their doctors in-person again.
In May 2020, 33% of all appointments booked via Zocdoc were telehealth visits. By May 2022, that number had declined significantly, to 17%. Excluding mental health, the only specialty which skews toward virtual care, just 9% of appointments in May 2022 were conducted virtually.
By specialty, the percentage of in-person appointments in May 2020, May 2021, and May 2022 was as follows:
- Primary Care Physician: 58% → 87% → 83%
- OB-GYN: 85% → 97% → 98%
- Dermatologist: 62% → 91% → 95%
- Dentist: 96% → 99% → 99%
- Optometrist: 92% → 100% → 100%
- Orthopedic Surgeon: 77% → 96% → 98%
- Podiatrist: 82% → 96% → 98%
- Chiropractor: 98% → 100% → 100%
- ENT: 64% → 95% → 98%
- Psychiatrist: 25% → 15% → 15%
- Ophthalmologist: 89% → 97% → 99%
- Gastroenterologist: 60% → 79% → 86%
- Urologist: 74% → 94% → 96%
- Pediatrician: 75% → 89% → 92%
- Allergist: 64% → 91% → 96%
- Cardiologist: 75% → 92% → 96%
- Neurologist: 52% → 86% → 92%
- Psychologist: 20% → 13% → 18%
Additionally, within this minority of virtual appointments, it is clear that patients using telehealth understand they may someday want or need to visit their provider's office in person. Between May 2020 and May 2022, across all specialties excluding mental health, 81% of in-person appointments and 61% of virtual appointments were located less than 20 miles from the patient's home address.
This is further evidenced when examining rebooking trends during the same timeframe. While 82% of first-time appointments with a new provider take place in person, those who meet a provider for the first time virtually often make an in-person follow-up appointment: a significant portion of the 18% of virtual appointments with a new provider eventually result in an in-person rebooking.
For patients who booked a virtual visit with a new provider via Zocdoc, and then rebooked an in-person appointment at the same practice using Zocdoc, there were three distinct groups of specialties with similar patterns of offline-online continuity of care:
- High likelihood of in-person rebooking: OB-GYN, Eye Doctors, and Dentists. 50-60% of people who booked a virtual visit with a new provider in these specialties booked a second, in-person appointment with that same practice.
- Medium likelihood of in-person rebooking: Dermatologists, Specialists, PCPs, and the average of all specialties excluding mental health. 30-45% of people who booked a virtual visit with a new provider in these specialties booked a second, in-person appointment with that same practice.
- Lower likelihood of in-person rebooking: Mental Health. Less than 5% of people who booked a virtual visit with a new mental health provider booked a second, in-person appointment with that same practice.
This use of telehealth as a singular component of the overall care experience, which includes a combination of virtual and in-person interactions with providers, was also reflected in the Zocdoc user survey.
In response to the statement, "I believe I will utilize a combination of telehealth and in-person care in the future," 77% of patient survey respondents indicated they either "agree" or "strongly agree." An even greater majority of providers agreed that the future includes an interconnected on- and offline care experience: 83% of survey respondents said they "agree" or "strongly agree" that the future of healthcare will include a combination of telehealth and in-person visits for most patients and providers.
Despite the return to in-person care across every other healthcare specialty, mental health – which represents more than half of Zocdoc's top 10 fastest-rising appointment booking reasons year over year – is an anomaly. It remains the only specialty in which the percentage of virtual care bookings remains higher than peak pandemic booking levels. In May 2020, 74% of mental health bookings were virtual. In May 2021, 85% of mental health bookings were virtual, and, in May 2022, that number rose to 87%.
Patients surveyed noted convenience, the comforts of home and a perception of increased intimacy as reasons they appreciate virtual visits with mental health providers. With regard to convenience, one patient said, "It is convenient, requiring less time off work and [it is] less expensive because I don't need to pay for transportation," while another stated, "I'm more likely to fit it in my schedule than if I need to travel for an appointment." A third said, "I had already seen my doctor in person, and I simply needed a new prescription for the same issue, so I didn't need to see her in person again."
Addressing the benefits of at-home comforts and the perception of increased intimacy, one patient said, "Having my pet there made me feel calmer and I loved it," and another stated, "My healthcare provider got to see how I truly look on a typical day – in bed with an IV hooked up. I think this helped her see the reality of my illness instead of the put together image I try to portray when I go in person."
This ease of access to care for patients, and the ability for providers to deliver high-quality virtual care, has been crucial during a time when more than 40% of U.S. adults are reporting symptoms of anxiety and depression and providers are reporting a 93% increase in patients seeking anxiety resources.
By surfacing appointment availability in real-time, Zocdoc significantly accelerates access to care. The average U.S. patient seeking mental health care waits an average of 25 days to see a psychiatrist, with some waiting more than 90 days, and wait times for mental practitioners are growing overall.
This delay of access has significant consequences. According to National Council for Behavioral Health (NCBH) President and CEO Linda Rosenberg, referencing a recent study from the NCBH and the Cohen Veterans Network, "For every one day of wait time, you lose 1 percent of the patients — so if you have a 21-day wait, 21 percent of the patients seeking care just will give up and not show up." On Zocdoc, the median number of days between a Zocdoc user booking a mental health appointment and attending that appointment is between 4-5 days for an in-person visit and 5-6 days for a virtual visit.
Since the onset of the pandemic, 30% of patient survey respondents indicated they'd had 6+ telehealth appointments, 50% have had 2-5, and 20% have had just 1 telehealth appointment. Of these respondents, 50% described their location as urban, 41% as suburban, and 9% as rural.
Convenience topped the list of reasons patients chose to use telehealth during the pandemic. When asked to pick up to three reasons virtual care had been useful since March 2020, 60% of patient survey respondents noted quick and easy access to providers; 56% enjoyed not having to take time off work or responsibilities to travel to appointments; 31% were able to access providers who are far away; and 30% said they could more easily have a follow-up or introductory appointment. Additionally, 15% of respondents said telehealth made managing their chronic illness easier, and 8% said they felt more comfortable sharing personal details via video than in-person. For those who specified another reason, avoiding exposure to COVID-19 was by far the most common write-in answer, cost savings was a close second, and the comfort offered by being able to interact with pets to reduce stress was third.
As one survey respondent said, "Having online appointments requires only an hour of time versus multiple hours, gas costs, and travel time and there's no contact with the population so as to prevent possible covid infection."
Providers agreed with convenience as a benefit of telehealth, with 57% appreciating ease of access to patients; 19% noting they could more easily fill their day with patient visits; 55% appreciating the flexibility to work remotely; 15% saying they can more easily conduct a follow-up or introductory appointment; and 43% noting they could serve patients in more rural or remote areas.
While convenience is an important benefit, differences between provider and patient perceptions of care surfaced in the survey results. For example, 31% of patient survey respondents indicated it was "easier" or "much easier" to build a relationship with their provider via telehealth versus in-person. A number of patients indicated that the decreased level of formality in provider interactions, and the increased level of relatability that resulted, provided comfort. As one patient said, "I saw my provider's dog in the background during our first session, which was fun and I think helped me connect with her."
However, just 7% of providers agreed. In fact, 37% of providers surveyed said it was "more difficult" or "much more difficult" to build a relationship with patients via telehealth.
Questions of the ability to deliver quality care via telehealth also arose, with 58% of providers indicating it was "more difficult" or "much more difficult" to examine patients via telehealth compared to in-person. Just 3% said it was "easier" or "much easier" to do so. 25% of providers surveyed said it wasn't possible to provide the type of care the patient expected via telehealth, while 15% of patients experienced the same.
As one provider said, "As a specialist, I am unable to do much for my patients [virtually]. We cannot take x-rays, perform ultrasound studies, do gait analysis, etc. We cannot dispense any of the durable medical equipment (DME) necessary to get the patient better. We are unable to take samples for pathology reports, apply casts, scan for orthotics, and many other things."
Another said, "During the pre-vaccination phase of the pandemic, when in person was too dangerous, was the only time [telehealth] was helpful."
Technology and connectivity issues also played a role in the delivery of virtual care, with differing opinions between providers and patients. While 58% of providers indicated they and/or their patient had connectivity issues or trouble with the tech set-up, just 30% of patients surveyed said they'd experienced these issues.
Many Americans have delayed or canceled health care since the pandemic's onset – and we're still catching up as a nation.
When asked to describe their approach to preventive care since the pandemic began, 63% of patients said they put off preventive care during the early stages of the pandemic. 24% said they put off preventive care during the early stages of the pandemic and have not yet caught up on scheduling those appointments. 22% stated they put off preventive care during the early stages of the pandemic and have made progress in catching up on scheduling preventive care appointments. 17% said they put off preventive care during the early stages of the pandemic and have caught up on preventive care appointments, and 38% of patients surveyed said their approach to preventive care appointments did not change during the pandemic.
But it's not just preventive care that's making a comeback. Across all specialties, the top 10 fastest-rising appointment booking reasons year over year* were:
- Sexually Transmitted Disease (STD) Testing (+300%)
- Relationship Struggles (+273%)
- Borderline Personality Disorder (BPD) (+266%)
- Confirmation of Pregnancy (+224%)
- Family Therapy/ Marriage Therapy (+216%)
- Flu (+193%)
- Comprehensive Eye Exam (+188%)
- Cognitive Behavioral Therapy (CBT) (+188%)
- Couples Therapy (+178%)
- Bereavement / Grief Counseling (+175%)
Excluding mental health, the top 10 fastest-rising appointment booking reasons year over year* were:
- Sexually Transmitted Disease (STD) Testing (+300%)
- Confirmation of Pregnancy (+224%)
- Flu (+193%)
- Comprehensive Eye Exam (+188%)
- Bad breath/Halitosis (+160%)
- COVID-19 RT-PCR Test (+154%)
- Cold (+154%)
- Acne Scarring (+136%)
- Sick Child Visit (+120%)
- Wellness Care (+119%)
Finally, within mental health, a majority of the top 10 fastest-rising appointment booking reasons year over year* are likely related to the ripple effects of the pandemic:
- Relationship Struggles (+273%)
- Borderline Personality Disorder (BPD) (+266%)
- Family Therapy/ Marriage Therapy (+224%)
- Cognitive Behavioral Therapy (CBT) (+187%)
- Couples Therapy (+177%)
- Bereavement / Grief Counseling (+175%)
- Stress Management (+153%)
- Therapy (+151%)
- Post-Traumatic Stress Disorder (PTSD) Counseling (+146%)
- Prescription / Refill (+140%)
With 81% of Americans having used video calling and conferencing during the pandemic, the public has gotten used to friends and colleagues noting, "you're on mute," and seeing or hearing pets, family and friends in the background of video calls. Healthcare appointments are no different.
Of the providers surveyed regarding their experiences while providing telehealth, 36% have seen a patient's pet, 31% have seen a patient's family member or roommate, and 42% have seen patients outside their home.
Of the patients surveyed, 14% said their pet appeared in the background, 6% indicated a family member or roommate appeared in the background, 3% noted a family member or roommate did something distracting or funny on video, and 21% said they joined a call outside their home.
Sometimes, these interactions led to deeper understanding. As one provider said, "As a mental health professional, seeing an individual's home provides great insight into their worldview."
Other times, the circumstances of a virtual visit make it harder to deliver or receive care. Notable situations shared by providers include:
- A patient plucking their eyebrows during an appointment, not realizing the video was on
- Patients taking video calls while using the restroom
- A cat jumping on a client's head during hypnosis
- A patient dialing in while rollerblading on the beach
- Kids interacting with their parents calls, from playing peekaboo, to speaking with the provider, and beyond
Distractions don't just come from patients. Providers are also humans with real lives that don't always lend themselves to perfect video interaction. Notable situations shared by patients include:
- Mistaking a provider's frozen video for an impressively focused, intense gaze
- An unmade bed as a provider's backdrop
- A provider conducting a video appointment from his car
- Seeing a therapist's cat lick itself for 45 minutes straight
- Meeting a provider's "really cute!" pet parrot
The physical limitations of virtual care created issues for many. One patient said, "My telehealth appointment was a failure. I had to go to the clinic, as the doctor couldn't treat me without an exam," and another said, "[Sometimes I] need to talk to the physician or other medical person face-to-face, including taking [blood] pressure, and other physical exams where hands on the patient are involved…for podiatry issues, I want the podiatrist to inspect my foot with his hands."
Many concluded that telehealth was primarily useful as a triage or regular check-in tool when a physical examination wasn't important. One patient said, "[Telehealth should be] triage-only. It's a lot more convenient, since I don't have to physically be somewhere for a doctor's appointment and I can schedule them during my workday during a lunch break or something. I'm not chronically sick and I usually know what's wrong with me when I need to see a doctor (psychiatric check-up, prescription refills, etc.). I probably wouldn't use telehealth for more serious things or if I need a diagnosis."
Insights from Zocdoc appointment booking trends, and user and provider surveys, reveal American patients' desire for choice and connection in their healthcare experience. They do not want telehealth to be the only way they interact with healthcare professionals; they prefer in-person care, and hope to use a combination of virtual and in-person care in the future. They want the convenience of virtual care for narrow, specific circumstances, such as screenings and prescription refills. They also want ongoing relationships with providers, and to get high quality care, whether in-person or virtually. The insights also show the importance of providers offering choice and focusing on creating a seamless continuity of care experience regardless of appointment location.
For more information, contact press@zocdoc.com. If you are interested in working with Zocdoc to streamline scheduling, and improve Americans' access to care — in-person or virtually — you can learn more at zocdoc.com/join.
If you are interested in sharing a story about your healthcare journey, to help Zocdoc drive regulatory and legislative changes that put patients first, please visit https://www.zocdoc.com/about/patient-stories/.
Zocdoc is a leading digital healthcare marketplace for in-person or virtual care. Each month, millions of people use our free service, via Zocdoc.com or the Zocdoc app, to find in-network doctors, instantly book in-person or virtual appointments, read reviews from verified users, get reminders for upcoming appointments and preventive checkups, and more. With a mission to give power to the patient, Zocdoc's platform delivers the accessible and simple experience they expect and deserve.
* The "top 10 fastest-rising appointment booking reasons" reflects the most popular visit reasons booked from January-May 2022, compared to that same time period in 2021.
Contact
Sandra Glading
sandra.glading@zocdoc.com
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SOURCE Zocdoc | https://www.wibw.com/prnewswire/2022/06/22/zocdoc-reports-healthcare-experience-2022/ | 2022-06-22T15:54:33Z |
(KTLA) – Disneyland announced Tuesday Magic Key annual pass renewals will begin on Thursday and revealed a new top-tier pass for guests.
Disneyland launched the Magic Key program back in August 2021 after retiring the popular annual passports amid a yearlong shutdown of both Disneyland and Disney California Adventure Park due to the COVID-19 pandemic.
In November 2021, Disneyland stopped selling its Dream Key and Believe Key “in order to deliver a great guest experience for all guests,” a resort official said at the time.
The Magic Key passes give guests access to the parks on select dates, depending on which of the four levels they purchased, through a new reservation-based system that Disney introduced when both theme parks reopened back in April.
Disneyland said they are currently “prioritizing renewals” and new purchases will not be offered at this time. The top-tier Dream Key will no longer be offered for renewals.
On Tuesday, Disneyland revealed four passes that will be available for renewal starting Aug. 18: Inspire ($1,599), Believe ($1,099), Enchant ($699), and Imagine ($449 for Southern California Residents).
All four passes include free or discounted parking at the theme parks and a discount on Genie+, the new skip-the-line offering that replaced FastPass and MaxPass. The Inspire and Believe passes will also include PhotoPass digital downloads.
Existing Magic Key passholders can renew by visiting Disneyland.com/Magic-Key on Thursday, Aug. 18. Disneyland said renewals will begin “no earlier than 9 a.m.” on Thursday.
The parks along with the Downtown Disney District, meanwhile, will soon undertake holiday celebrations and transform into “the Merriest Place on Earth” beginning on Nov. 11 and ending on Jan. 8, 2023.
Inside Disney California Adventure, park guests will be greeted by holiday décor including a 50-foot-tall Christmas tree on Buena Vista Street. The “World of Color – Season of Light” show and the Disney Festival of Holidays will also greet guests, celebrating a “diverse season of celebrations” including Christmas, Diwali, Kwanza, Hanukkah and more.
“Mickey’s Happy Holidays” and the “Disney ¡Viva Navidad!” street party will also return this year and feature a wide cast of characters from Disney and Pixar. Of course, everyone’s favorite North Pole resident, Santa Claus, is slated to take up occupancy at his home in the Redwood Creek Challenge Trail.
Over at Disneyland, the iconic 60-foot-tall tree will be up on Main Street, U.S.A., and a winter theme will take over Sleeping Beauty’s Castle.
Characters from “Frozen” will appear in “A Christmas Fantasy,” a daytime parade held on Main Street throughout the season, while the “Believe… in Holiday Magic” fireworks show will feature “snowfall” and projections on the buildings along Main Street at night.
“It’s a Small World Holiday” and “Haunted Mansion Holiday” will also return on Nov. 11.
Not planning to head into the parks? No problem. The Downtown Disney District will offer decor, photo ops, and musical entertainment in addition to themed food and drinks at restaurants. | https://cw33.com/news/nexstar-media-wire/disneyland-magic-key-renewals-begin-thursday-new-pass-announced/ | 2022-08-16T21:18:22Z |
WASHINGTON (AP) — The U.S. government on Friday imposed sanctions on Iran’s intelligence agency and its leadership in response to malicious cyberattacks on Albanian government computer systems in July.
The Treasury Department’s Office of Foreign Assets Control designated Iran’s Ministry of Intelligence and Security and Esmail Khatib, who heads the ministry, for what it said were cyber-related activities against the U.S. and its allies.
Albania, a NATO member, cut diplomatic ties with Iran and expelled its embassy staff this week over the cyberattack. It was the first known case of a country cutting diplomatic relations over a cyberattack.
The Albanian government has accused Iran of carrying out the July 15 attack, which temporarily shut down numerous Albanian government digital services and websites.
Microsoft, which assisted Albania in investigating the cyberattack, said in a blog post Thursday that it was moderately confident the hackers belong to a group that has been publicly linked to Iran’s Ministry of Intelligence and Security.
It said the attackers were observed operating out of Iran, used tools previously used by known Iranian attackers and had previously targeted “other sectors and countries” consistent with Iranian interests. The destructive malware deployed was also previously used by a “known Iranian actor,” it said.
“Iran’s cyber attack against Albania disregards norms of responsible peacetime State behavior in cyberspace,” Brian Nelson, Treasury’s under secretary for terrorism and financial intelligence, said in a statement.
“We will not tolerate Iran’s increasingly aggressive cyber activities targeting the United States or our allies and partners,” he said.
Since at least 2007, Iran’s intelligence agency and its proxies have been accused of conducting cyber operations targeting public and private entities around the world.
Treasury, which uses an Obama-era executive order that targets people and entities that engage in malicious cyber activities as an authority to impose the sanctions, has been ratcheting up its financial penalties on Iran this year.
This comes as President Joe Biden’s administration has been working to renew the tattered Iran nuclear deal, which placed curbs on Iran’s nuclear program in exchange for billions of dollars in sanctions relief, which Iran insists it has never received.
__
Llazar Semini in Tirana contributed to this report. Bajak reports from Boston. | https://cw33.com/news/politics/ap-politics/ap-u-s-sanctions-iran-intelligence-over-albania-cyberattack/ | 2022-09-10T16:30:00Z |
- Business combination with Maersk Drilling anticipated to close October 3, 2022
- Q2 Total Revenue of $275 million, an increase of 31% quarter-over-quarter
- Q2 Net Income of $37 million and Adjusted EBITDA of $84 million
- Q2 Cash Flow from Operations of $88 million and Free Cash Flow of $56 million
SUGAR LAND, Texas, Aug. 8, 2022 /PRNewswire/ -- Noble Corporation (NYSE: NE, "Noble", or the "Company") today reported second quarter 2022 results.
Robert W. Eifler, President and Chief Executive Officer of Noble Corporation, stated, "The second quarter marks an important inflection in Noble's financial results. As signaled previously, we expect to produce meaningful step-ups in earnings as we move through 2022, and we delivered on the first step-up during this quarter. Our second quarter results, which are underpinned by strong operational performance, highlight the ability of the Noble platform to deliver long-term value for our shareholders. As our organization prepares to complete the business combination with Maersk Drilling, we remain focused on providing world class service to our customers and operating safely every day."
Second Quarter Results
Contract drilling services revenue for the second quarter of 2022 totaled $262 million compared to $195 million in the first quarter. Marketed fleet utilization was 85 percent in the three months ended June 30, 2022 compared to 75 percent in the previous quarter. Contract drilling services costs for the second quarter were $178 million, up from $166 million in the first quarter of 2022.
Adjusted EBITDA for the three months ended June 30, 2022 was $84 million compared to $27 million in the first quarter of 2022. Capital expenditures totaled $31 million in the second quarter.
Net cash provided by operating activities for the three months ended June 30, 2022 was $88 million and free cash flow was $56 million for the same period.
Operating Highlights and Backlog
Noble's marketed floater fleet was 100% contracted in the second quarter. The Noble Faye Kozack was awarded a one-well contract with LLOG for work in the U.S. Gulf of Mexico at a rate of $420,000 per day. The contract includes managed pressure drilling services and is expected to commence in late 2022 or early 2023. In Suriname, APA Corp executed its second option for the Noble Gerry de Souza and is expected to novate the rig to TotalEnergies for one well. The Noble Globetrotter I recently concluded with Shell and demobilized to complete routine maintenance following that 10-year contract. Following its brief out-of-service period, the rig is scheduled to mobilize to Mexico during the third quarter to commence work for CNOOC and Petronas. Additionally, during the second quarter the four drillships under the Commercial Enabling Agreement were awarded 7.4 years of incremental term in connection with the sanctioning of the Yellowtail development in Guyana.
In the second quarter, the Noble Regina Allen commenced operations in Guyana for Repsol and, after completion of its current program, is scheduled to return to Trinidad and Tobago to drill six firm wells with a different operator. In the U.K. North Sea, the Noble Sam Hartley is preparing to commence its program for TotalEnergies. Additionally, the Noble Houston Colbert mobilized to the Middle East and is now preparing for its 3.5-year campaign in Qatar.
Noble's estimated revenue backlog was approximately $2.1 billion as of June 30, 2022. This excludes the 3.5 year firm term contracts for both the Noble Mick O'Brien and Noble Houston Colbert, which were signed after the quarter end.
Maersk Drilling Business Combination Update
The Danish public tender exchange offer process in connection with Noble's business combination with The Drilling Company of 1972 A/S ("Maersk Drilling") has now commenced. The tender exchange offer period for outstanding Maersk Drilling shares is set for August 10 to September 8, 2022.
As previously announced, the Company has entered into an asset purchase agreement to sell five jackup rigs for $375 million to a newly formed subsidiary ("Buyer") of Shelf Drilling, Ltd. to address the potential concerns identified by the UK Competition and Markets Authority ("CMA") in the Phase I review of the proposed business combination with Maersk Drilling. The rigs are the Noble Hans Deul, Noble Sam Hartley, Noble Sam Turner, Noble Houston Colbert, and Noble Lloyd Noble. Publication of the CMA's final decision on the divestment's adequacy in addressing their competition concerns is scheduled for September 1, 2022. If the Buyer and related sale agreement are accepted by the CMA, closing of the Business Combination is expected to occur on October 3, 2022, with the jackup divestment sale expected to close promptly thereafter.
Outlook
Noble's guidance for full year 2022 remains unchanged from what was previously provided on May 2, 2022.
Commenting on Noble's outlook for the second half of 2022, Mr. Eifler stated, "Demand for offshore drilling is increasing in all our key operating regions, and we expect this positive momentum to continue despite global economic concerns. Tender activity remains at attractive levels and our customers have a robust pipeline of opportunities for our rigs. We look forward to completing the business combination with Maersk Drilling in early October and creating a dynamic leader in offshore drilling. I'm confident in Noble's ability to deliver on the key transaction rationale, which include enhancing the customer experience and executing on our commitment to return capital to shareholders."
Fleet Status Report
In conjunction with second quarter results, the Company has also provided an updated "Fleet Status Report" which reflects the current status and contract information for each of its rigs. The updated report can be found under the "Our Fleet" section of the Company's website.
Conference Call
Noble will host a conference call related to its second quarter 2022 results on Tuesday, August 9, 2022, at 8:00 a.m. U.S. Central Time. Interested parties may dial +1 929-203-0901 and refer to conference ID 31391 approximately 15 minutes prior to the scheduled start time. Alternatively, a live webcast link will be available on the Investor Relations section of the Company's website. A webcast replay will be accessible for a limited time following the scheduled call.
For additional information, visit www.noblecorp.com or email investors@noblecorp.com
About Noble Corporation
Noble is a leading offshore drilling contractor for the oil and gas industry. The Company owns and operates one of the most modern, versatile, and technically advanced fleets in the offshore drilling industry. Noble and its predecessors have been engaged in the contract drilling of oil and gas wells since 1921. Noble performs, through its subsidiaries, contract drilling services with a fleet of offshore drilling units focused largely on ultra-deepwater and high specification jackup drilling opportunities in both established and emerging regions worldwide. Additional information on Noble is available at www.noblecorp.com.
Additional Information and Where to Find It
In connection with the proposed transactions (the "Business Combination") contemplated by the Business Combination Agreement, dated as of November 10, 2021, by and among Noble, Noble Finco Limited ("Topco"), Noble Newco Sub Limited and The Drilling Company of 1972 A/S ("Maersk Drilling"), Topco has filed a Registration Statement on Form S-4 (which Registration Statement was declared effective on April 11, 2022) with the U.S. Securities and Exchange Commission (the "SEC") that includes a proxy statement of Noble that also constitutes a prospectus for Topco and an offering prospectus of Topco used in connection with Topco's offer to exchange shares in Maersk Drilling for Topco shares. Noble mailed the proxy statement/prospectus to its shareholders in connection with the vote to approve the merger of Noble with a wholly-owned subsidiary of Topco, and Topco distributed the offering prospectus in connection with the exchange offer. Topco also filed an offer document with the Danish Financial Supervisory Authority (Finanstilsynet). This communication does not contain all the information that should be considered concerning the proposed Business Combination and is not intended to form the basis of any investment decision or any other decision in respect of the proposed Business Combination. INVESTORS AND SHAREHOLDERS ARE URGED TO CAREFULLY READ THE PROXY STATEMENT/PROSPECTUS AND THE OFFERING DOCUMENT RELATING TO THE PROPOSED BUSINESS COMBINATION IN ITS ENTIRETY AND ANY OTHER DOCUMENTS FILED BY EACH OF TOPCO AND NOBLE WITH THE SEC IN CONNECTION WITH THE BUSINESS COMBINATION OR INCORPORATED BY REFERENCE THEREIN BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT TOPCO, MAERSK DRILLING AND NOBLE, THE PROPOSED BUSINESS COMBINATION AND RELATED MATTERS.
Investors and shareholders can obtain free copies of the proxy statement/prospectus and other documents filed with the SEC by Noble and Topco through the website maintained by the SEC at www.sec.gov. In addition, investors and shareholders can obtain free copies of the proxy statement/prospectus and other documents related thereto on Maersk Drilling's website at www.maerskdrilling.com or on Noble's website at www.noblecorp.com or by written request to Noble at Noble Corporation, Attn: Richard B. Barker, 13135 Dairy Ashford, Suite 800, Sugar Land, Texas 77478.
No Offer or Solicitation
This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction pursuant to the proposed Business Combination or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction, in each case in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act and applicable European or UK, as appropriate, regulations. Subject to certain exceptions to be approved by the relevant regulators or certain facts to be ascertained, the public offer will not be made directly or indirectly, in or into any jurisdiction where to do so would constitute a violation of the laws of such jurisdiction, or by use of the mails or by any means or instrumentality (including, without limitation, facsimile transmission, telephone and the internet) of interstate or foreign commerce, or any facility of a national securities exchange, of any such jurisdiction.
Forward-looking Statements
This communication includes "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. All statements other than statements of historical facts included in this communication, including those regarding future guidance, the offshore drilling market and momentum, contract commitments, commencements, novations, extensions or renewals, contract tenders, plans and objectives of management for future operations, rig mobilizations and scheduling, industry conditions, worldwide economic conditions, the anticipated timings associated with the Business Combination and the Danish tender exchange offer, the divestment of drilling rigs in connection with the CMA's review of the transaction, and benefits or results of acquisitions or dispositions are forward-looking statements. When used in this communication, the words "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "prepare," "project," "schedule," "should," "shall" and "will" and similar expressions are intended to be among the statements that identify forward-looking statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot assure you that such expectations will prove to be correct. These forward-looking statements speak only as of the date of this communication and we undertake no obligation to revise or update any forward-looking statement for any reason, except as required by law. We have identified factors, including, but not limited to, the business combination with Maersk Drilling (including but not limited to the risk that the business combination may not be completed in a timely manner or at all, the failure to satisfy the conditions to the consummation of the business combination, the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement, the effect of the announcement or pendency of the business combination on Noble's business relationships, performance and business generally, the risk that the proposed business combination disrupts current plans and potential difficulties in employee retention as a result of the proposed business combination, the outcome of any legal proceedings that may be instituted against related to the proposed business combination, requirements, conditions or costs that may be imposed in connection with obtaining regulatory approvals of the business combination, the ability to implement business plans, forecasts, and other expectations (including with respect to synergies and financial and operational metrics, such as EBITDA and free cash flow) after the completion of the proposed business combination, and to identify and realize additional opportunities, the failure to realize anticipated benefits of the proposed business combination, the potential impact of announcement or consummation of the proposed business combination on relationships with third parties, and risks associated with assumptions that parties make in connection with the parties' critical accounting estimates and other judgments), the effects of public health threats, such as the ongoing outbreak of COVID-19, and the adverse impact thereof on our business, financial condition and results of operations (including but not limited to our operating costs, supply chain, availability of labor, logistical capabilities, customer demand for our services and industry demand generally, our liquidity, the price of our securities, our ability to access capital markets, and the global economy and financial markets generally), the effects of actions by, or disputes among OPEC+ members with respect to production levels or other matters related to the price of oil, market conditions, factors affecting the level of activity in the oil and gas industry, supply and demand of drilling rigs, factors affecting our drilling contracts, including duration, downtime, dayrates, operating hazards and delays, risks associated with operations outside the US, actions by regulatory authorities, credit rating agencies, customers, joint venture partners, contractors, lenders and other third parties, legislation and regulations affecting drilling operations, compliance with regulatory requirements, violations of anti-corruption laws, shipyard risk and timing, delays in mobilization of rigs, hurricanes and other weather conditions, and the future price of oil and gas, that could cause actual plans or results to differ materially from those included in any forward-looking statements. These factors include those "Risk Factors" referenced or described in the Company's most recent Form 10-K, Form 10-Q's, and other filings with the SEC. We cannot control such risk factors and other uncertainties, and in many cases, we cannot predict the risks and uncertainties that could cause our actual results to differ materially from those indicated by the forward-looking statements. You should consider these risks and uncertainties when you are evaluating us.
NOBLE CORPORATION AND SUBSIDIARIES
NON-GAAP MEASURES AND RECONCILIATION
Certain non-GAAP measures and corresponding reconciliations to GAAP financial measures for the Company have been provided for meaningful comparisons between current results and prior operating periods. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flows that excludes or includes amounts that are not normally included or excluded in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles. The Company defines "Adjusted EBITDA" as net income (loss); interest income and other, net; gain (loss) on extinguishment of debt, net; interest expense, net of amounts capitalized; loss on impairment; reorganization items, net; certain corporate projects and legal matters; certain infrequent operational events; and depreciation and amortization expense. We believe that the Adjusted EBITDA measure provides greater transparency of our core operating performance. We prepare Adjusted Diluted Earnings (Loss) per Share by eliminating from Diluted Earnings per Share the impact of a number of non-recurring items we do not consider indicative of our on-going performance. We prepare Adjusted Net Income (Loss) by eliminating from Net Income (Loss) the impact of a number of non-recurring items we do not consider indicative of our on-going performance.
In order to fully assess the financial operating results, management believes that the results of operations, adjusted to exclude the following items, which are included in the Company's press release issued on August 8, 2022, are appropriate measures of the continuing and normal operations of the Company:
For the quarter ended June 30, 2022, the Company disclosed free cash flow as a non-GAAP liquidity measure. Free cash flow of $56 million was calculated as Net cash provided by operating activities of $88 million less cash paid for capital expenditures of $32 million for the quarter ended June 30, 2022.
These non-GAAP adjusted measures should be considered in addition to, and not as a substitute for, or superior to, contract drilling revenue, contract drilling cost, contract drilling margin, average daily revenue, operating income, cash flows from operations, or other measures of financial performance prepared in accordance with GAAP. Please see the following non-GAAP Financial Measures and Reconciliations for a complete description of the adjustments.
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SOURCE Noble Corporation | https://www.kxii.com/prnewswire/2022/08/08/noble-corporation-reports-second-quarter-2022-results/ | 2022-08-08T21:46:44Z |
GENEVA, June 24, 2022 /PRNewswire/ -- Mercuria Energy Trading S.A. ("Mercuria") has closed its USD 2,177,500,000 Multicurrency Revolving Credit Facilities (the "Facilities"). Bank of China Limited, London Branch, Coöperatieve Rabobank U.A., Crédit Agricole Corporate and Investment Bank, Credit Suisse (Switzerland) Ltd., Emirates NBD Bank (P.J.S.C.), London Branch, Industrial Commercial Bank of China Limited, London Branch, ING Bank N.V., Mizuho Bank, Ltd., Natixis, Société Générale, Sumitomo Mitsui Banking Corporation, UBS Switzerland AG and UniCredit Bank AG acted as Bookrunning Mandated Lead Arrangers. D.Z. Bank AG joined as Mandated Lead Arranger.
The 1-year Facilities were launched at USD 1,300,000,000 on the 19th of April, and a bank webinar was held on the 21st of April. The first one-year extension option of the USD 510,000,000 3-year Revolving Credit Facility from the 2021 European R.C.F. was also exercised. Following successful syndication, with the 1-year Facilities oversubscribed by more than 38%, Mercuria chose to scale back lender commitments to an increased Facilities amount of USD 2,177,500,000 in aggregate.
The Facilities comprise a 1-year Multicurrency Revolving Credit Facility, a 1-year Multicurrency Revolving Credit/Swingline/O.B.S.I. Facility and the extended 3-year Revolving Credit Facility with one 1-year extension option available. The 1-year Multicurrency Revolving Credit Facilities both include two 12-month extension options. The Facilities will be used for working capital and general corporate purposes.
"The successful refinancing and extension of our 2021 European revolving credit facility once again reflects our strong credit profile and underscores the confidence that our lenders have in Mercuria's business model. Our flagship revolving credit facility is a key component of our conservative funding strategy, and our continued access to liquidity has supported the company's ability to deliver strong performance during recent periods of unprecedented volatility," said Guillaume Vermersch, Group Chief Financial Officer of Mercuria. "We appreciate the support from our long-standing banking partners in growing the overall size of this facility which will further support the growth and evolution of our business."
The following banks joined the Bookrunning Mandated Lead Arrangers and Mandated Lead Arrangers in general syndication:
Lead Arrangers:
Agricultural Bank of China Limited, London Branch
China Construction Bank Corporation, Beijing, Swiss Branch Zurich
Commerzbank AG London Branch
D.B.S. Bank Ltd, London Branch
Erste Group Bank AG, London Branch
First Abu Dhabi Bank (P.J.S.C.)
M.U.F.G. Bank, Ltd
Raiffeisen Bank International AG
Arrangers:
Bank ABC
Bank of Taiwan
Caixabank S.A.
Lloyds Bank Plc
National Bank of Ras Al-Kaimah
Sumitomo Mitsui Trust Bank, Limited (London Branch)
Zürcher Kantonalbank
Co-Arrangers:
Bankinter
Banque Cantonale Vaudoise
First Commercial Bank, Limited
Nedbank
Participants:
Afrasia
Banque Cantonale de Geneve
Garanti Bank
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SOURCE Mercuria Energy Trading S.A. | https://www.wibw.com/prnewswire/2022/06/24/mercuria-energy-trading-sa-successfully-closes-usd-2177500000-multi-currency-revolving-credit-facilities/ | 2022-06-24T09:09:27Z |
Paid Internships Connect New Jersey Youth to Career Building Opportunities
TRENTON, N.J., Aug. 11, 2022 /PRNewswire/ -- Bank of America today announced five Northern New Jersey high school students have been selected as Student Leaders® (#BofAStudentLeaders), an eight-week paid internship providing students with first-hand experience in serving their communities. These students are mid-way through their internship experience of workforce skills, leadership, and civic engagement with local Boys & Girls Clubs in New Jersey. As part of the program, they will earn $17 per hour and receive a Chromebook.
The Student Leaders program, which started in 2004, recognizes 300 community-focused juniors and seniors from across the U.S. each year. In New Jersey, Student Leaders work closely with the Boys & Girls Clubs to provide needed administrative support and actively shape the experiences of local children. With guidance from the bank and NJ Boys & Girls Clubs, the Student Leaders are gaining access to career skills-building opportunities that are crucial in today's fast-paced and ever-changing job market.
"This is a win-win for New Jersey. So many organizations need talented young people to help serve our communities. With the Student Leaders program, we're able to pair some of New Jersey's best and brightest students with nonprofit jobs that will truly have an impact," said Alberto Garofalo, president, Bank of America New Jersey. "Young adults are the future of our state, and programs like Student Leaders are one way we can provide paid opportunities that help pave the way for the next generation of the local workforce."
Bank of America's selected Student Leaders are:
- Bergen County
- Essex County
- Hudson County
- Hudson County
- Middlesex County
These five students underwent a rigorous application process and were selected for their leadership, background, passion, and commitment to New Jersey's local communities. While the students come from diverse backgrounds, they all are united by their drive and commitment to serve others.
"We are thrilled to have this year's Student Leaders working alongside our dedicated Club youth staff throughout Northern New Jersey," said Susan Haspel, state director, Boys & Girls Clubs in New Jersey. "Their perspective has been invaluable, and through our partnership with Bank of America we can help provide them with important leadership training and hands-on work experience."
Bank of America
At Bank of America (NYSE: BAC), we're guided by a common purpose to help make financial lives better, through the power of every connection. We're delivering on this through responsible growth with a focus on our environmental, social and governance (ESG) leadership. ESG is embedded across our eight lines of business and reflects how we help fuel the global economy, build trust and credibility, and represent a company that people want to work for, invest in and do business with. It's demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our clients, and the impact we make around the world in helping local economies thrive. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise to achieve greater impact. Learn more at about.bankofamerica.com, and connect with us on Twitter (@BofA_News).
For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom, and register for news email alerts.
Boys & Girls Clubs in New Jersey
Boys & Girls Clubs in New Jersey is an alliance of 22 Boys & Girls Club organizations serving more than 71,000 youth ages 5-18 throughout the Garden State. Boys & Girls Clubs in New Jersey is a collaborative effort representing all 22 Clubs with the purpose of building local Club capacity; raising public awareness; and securing resources and financial support to increase the impact and reach of NJ Clubs. Learn more about Boys & Girls Clubs in New Jersey at www.bgcnj.org.
Reporters May Contact:
AnnMarie McDonald, Bank of America Media Relations
Phone: 1.332.234.8635
annmarie.mcdonald@bofa.com
Susan Haspel, State Director, Boys & Girls Clubs in New Jersey
Phone: 1.201.994.6895
shaspel@bgcnj.org
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SOURCE Bank of America Corporation | https://www.kxii.com/prnewswire/2022/08/11/five-new-jersey-teens-selected-bank-america-student-leaders/ | 2022-08-11T12:12:33Z |
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