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Governor: Search for Kentucky flood victims could take weeks
JACKSON, Ky. (AP) — Kentucky’s governor said it could take weeks to find all the victims of flash flooding that killed at least 16 people when torrential rains swamped towns across Appalachia.
More rainstorms are forecast in coming days as rescue crews continue the struggle to get into hard-hit areas, some of them among the poorest places in America.
The rain let up early Friday after parts of eastern Kentucky received between 8 and 10 1/2 inches (20-27 centimeters) over 48 hours. But some waterways were not expected to crest until Saturday and Gov. Andy Beshear warned the death toll could rise further.
“From everything we’ve seen, we may be updating the count of how many we lost for the next several weeks,” Beshear said. “In some of these areas, it’s hard to know exactly how many people were there.”
Patricia Colombo, 63, of Hazard, Kentucky, became stranded when her car stalled in floodwaters on a state highway. Colombo began to panic when water started rushing in. Though her phone was dead, she saw a helicopter overhead and waved it down. The helicopter crew radioed a ground team that plucked her to safety.
Colombo stayed the night at her fiance’s home in Jackson and they took turns sleeping, repeatedly checking the water with flashlights to see if it was rising. Though her car was a loss, Colombo said others had it worse in a region where poverty is endemic.
“Many of these people cannot recover out here. They have homes that are half underwater, they’ve lost everything,” she said.
It’s the latest in a string of catastrophic deluges that have pounded parts of the U.S. this summer, including St. Louis earlier this week and again on Friday. Scientists warn climate change is making weather disasters more common.
As rainfall hammered Appalachia this week, water tumbled down hillsides and into valleys and hollows where it swelled creeks and streams coursing through small towns. The torrent engulfed homes and businesses and trashed vehicles. Mudslides marooned some people on steep slopes.
Rescue teams backed by the National Guard used helicopters and boats to search for the missing. Beshear said Friday that at least six children were among the victims and that the total number of lives lost could more than double as rescue teams reach more areas. Among those who died were four children from the same family in Knott County, the county coroner said Friday.
President Joe Biden said in a social media post that he spoke Friday with Beshear and offered the federal government’s support. Biden also declared a federal disaster to direct relief money to more than a dozen Kentucky counties.
The flooding extended into western Virginia and southern West Virginia.
Gov. Jim Justice declared a state of emergency for six counties in West Virginia where the flooding downed trees, power outages and blocked roads. Virginia Gov. Glenn Youngkin also made an emergency declaration, enabling officials to mobilize resources across the flooded southwest of the state.
More than 20,000 utility customers in Kentucky and almost 6,100 in Virginia remained without power late Friday, poweroutage.us reported.
Extreme rain events have become more common as climate change bakes the planet and alters weather patterns, according to scientists. That’s a growing challenge for officials during disasters, because models used to predict storm impacts are in part based on past events and can’t keep up with increasingly devastating flash floods and heat waves like those that have recently hit the Pacific Northwest and southern Plains.
“It’s a battle of extremes going on right now in the United States,” said University of Oklahoma meteorologist Jason Furtado. “These are things we expect to happen because of climate change. ... A warmer atmosphere holds more water vapor and that means you can produce increased heavy rainfall.”
The deluge came two days after record rains around St. Louis dropped more than 12 inches (31 centimeters) and killed at least two people. Last month, heavy rain on mountain snow in Yellowstone National Park triggered historic flooding and the evacuation of more than 10,000 people. In both instances, the rain flooding far exceeded what forecasters predicted.
The floodwaters raging through Appalachia were so swift that some people trapped in their homes couldn’t be immediately reached, said Floyd County Judge-Executive Robbie Williams.
Just to the west in hard-hit Perry County, authorities said some people remained unaccounted for and almost everyone in the area suffered some sort of damage.
“We’ve still got a lot of searching to do,” said Jerry Stacy, the county’s emergency management director.
More than 330 people have sought shelter, Beshear said. And with property damage so extensive, the governor opened an online portal for donations to the victims.
Beshear predicted that it would take more than a year to fully rebuild.
The governor got a look at the flooding from aboard a helicopter Friday.
“Hundreds of homes, the ballfields, the parks, businesses under more water than I think any of us have ever seen in that area,” the governor said. “Absolutely impassable in numerous spots. Just devastating.”
Portions of at least 28 state roads in Kentucky were blocked due to flooding or mudslides, Beshear said. Rescue crews in Virginia and West Virginia worked to reach people where roads weren’t passable.
___
Brown reported from Billings, Montana. Contributors include Rebecca Reynolds in Louisville, Kentucky; Timothy D. Easley in Jackson, Kentucky, and Sarah Brumfield in Silver Spring, Maryland.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/07/30/governor-search-kentucky-flood-victims-could-take-weeks/ | 2022-07-30T04:25:38Z |
No services are planned for Vivian “Vicky” Ann Killgore, 69, of Austin.
Mrs. Killgore died Thursday, April 21.
She was born June 13, 1952, in Tokyo, Japan. She attended Rosebud schools. She attended Southwest Texas State University in San Marcos. She worked for Tracor Publications in Austin, the Texas Education Agency, and UT Law School.
Survivors include a brother, John R. Killgore III; and three sisters, Karan Killgore, Jennifer Killgore and Andrea Fergerson.
Memorials may be made to Austin Pets Alive or Out Youth Texas.
Hewett-Arney Funeral Home in Temple is in charge of arrangements. | https://www.tdtnews.com/obituaries/article_8d33df42-c66d-11ec-8635-f77a2cc31e5f.html | 2022-04-28T08:48:48Z |
NEW YORK, Aug. 29, 2022 /PRNewswire/ -- This press release provides shareholders of Cohen & Steers Quality Income Realty Fund, Inc. (NYSE: RQI) (the "Fund") with information regarding the sources of the distribution to be paid on August 31, 2022 and cumulative distributions paid fiscal year-to-date.
In December 2012, the Fund implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission. The managed distribution policy seeks to deliver the Fund's long-term total return potential through regular monthly distributions declared at a fixed rate per common share. The policy gives the Fund greater flexibility to realize long-term capital gains throughout the year and to distribute those gains on a regular monthly basis to shareholders. The Board of Directors of the Fund may amend, terminate or suspend the managed distribution policy at any time, which could have an adverse effect on the market price of the Fund's shares.
The Fund's monthly distributions may include long-term capital gains, short-term capital gains, net investment income and/or return of capital for federal income tax purposes. Return of capital includes distributions paid by the Fund in excess of its net investment income and net realized capital gains and such excess is distributed from the Fund's assets. A return of capital is not taxable; rather, it reduces a shareholder's tax basis in his or her shares of the Fund. In addition, distributions from the Fund's investments in real estate investment trusts (REITs) may later be characterized as capital gains and/or a return of capital, depending on the character of the dividends reported to the Fund after year end by REITs held by the Fund. The amount of monthly distributions may vary depending on a number of factors, including changes in portfolio and market conditions.
At the time of each monthly distribution, information will be posted to cohenandsteers.com and mailed to shareholders in a concurrent notice. However, this information may change at the end of the year because the final tax characteristics of the Fund's distributions cannot be determined with certainty until after the end of the calendar year. Final tax characteristics of all of the Fund's distributions will be provided on Form 1099-DIV, which is mailed after the close of the calendar year.
The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year-to-date from the sources indicated. All amounts are expressed per common share.
You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's managed distribution policy. The amounts and sources of distributions reported in this Notice are only estimates, are likely to change over time, and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The amounts and sources of distributions year-to-date may be subject to additional adjustments.
*THE FUND WILL SEND YOU A FORM 1099-DIV FOR THE CALENDAR YEAR THAT WILL TELL YOU HOW TO REPORT THESE DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES.
The Fund's Year-to-date Cumulative Total Return for fiscal year 2022 (January 1, 2022 through July 31, 2022) is set forth below. Shareholders should take note of the relationship between the Year-to-date Cumulative Total Return with the Fund's Cumulative Distribution Rate for 2022. In addition, the Fund's Average Annual Total Return for the five-year period ending July 31, 2022 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund's Current Annualized Distribution Rate for 2022. The performance and distribution rate information disclosed in the table is based on the Fund's net asset value per share (NAV). The Fund's NAV is calculated as the total market value of all the securities and other assets held by the Fund minus the total liabilities, divided by the total number of shares outstanding. While NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a shareholder's individual investment in the Fund. The value of a shareholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market.
Fund Performance and Distribution Rate Information:
Investors should consider the investment objectives, risks, charges and expense of the Fund carefully before investing. You can obtain the Fund's most recent periodic reports, when available, and other regulatory filings by contacting your financial advisor or visiting cohenandsteers.com. These reports and other filings can be found on the Securities and Exchange Commission's EDGAR Database. You should read these reports and other filings carefully before investing.
Shareholders should not use the information provided here in preparing their tax returns. Shareholders will receive a Form 1099-DIV for the calendar year indicating how to report Fund distributions for federal income tax purposes.
Website: https://www.cohenandsteers.com
Symbol: (NYSE: CNS)
About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, and Tokyo.
Forward-Looking Statements
This press release and other statements that Cohen & Steers may make may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the company's current views with respect to, among other things, its operations and financial performance. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates," or the negative versions of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties.
Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.
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SOURCE Cohen & Steers | https://www.kxii.com/prnewswire/2022/08/29/cohen-amp-steers-quality-income-realty-fund-inc-rqi-notification-sources-distribution-under-section-19a/ | 2022-08-29T23:35:48Z |
AUBURN HILLS, Mich., Aug. 4, 2022 /PRNewswire/ -- SPAR Group, Inc. (NASDAQ: SGRP) ("SPAR", "SPAR Group" or the "Company"), a leading global provider of merchandising and marketing services, today announces that it will release its fiscal 2022 second quarter financial results on Tuesday, August 16, 2022, before the market opens. In conjunction with the release, a teleconference will be hosted by Mike Matacunas, Chief Executive Officer; and Fay DeVriese, Chief Financial Officer, and include a Q&A session following the prepared remarks on the same day at 10:00am Eastern.
SPAR Group is a global merchandising and marketing services company, providing a broad range of services to retailers, manufacturers, and distributors around the world. With more than 50 years of experience, 25,000+ merchandising specialists around the world, an average of 200,000+ store visits a week and long-term relationships with some of the world's leading manufacturers and retail businesses. For more information, please visit the SPAR Group's website at http://www.sparinc.com.
Investor Relations Contact:
Three Part Advisors, LLC
Sandy Martin or Phillip Kupper
smartin@threepa.com or pkupper@threepa.com
214-616-2207
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SOURCE SPAR Group, Inc. | https://www.kxii.com/prnewswire/2022/08/04/spar-group-inc-announces-timing-fiscal-2022-second-quarter-results-conference-call-with-qampa/ | 2022-08-04T12:44:07Z |
PITTSBURGH, Sept. 16, 2022 /PRNewswire/ -- "Attempting to access a zippered opening on a tent or other nylon-based structure can be difficult especially at night or if your hands are full. We thought there could be a better opening design," said one of three inventors, from Londonderry, N.H., "so we invented the MAG-NO- ZIP. Our design would replace the typical zippered fastener with a fastener that is easier to use."
The patent-pending invention provides an improved way to open and close the door entrance on outdoor excursion products. In doing so, it offers an alternative to struggling with a zipper opening. Also, it can be adapted for use with different types of products and gear. The invention features a practical design that is easy to use so it is ideal for outdoor enthusiasts, campers, tent/gazebo owners, etc. Additionally, it is producible in design variations and a prototype is available.
The original design was submitted to the Boston sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 21-BEC-165, 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/2022/09/16/inventhelp-inventors-develop-modified-opening-tentsoutdoor-products-bec-165/ | 2022-09-16T18:16:47Z |
NEW YORK, June 1, 2022 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced today an adjustment to the conversion rate of its 3.125% Convertible Senior Notes due 2022 as a result of the common stock cash dividends to be paid on June 15, 2022.
The conversion price applicable to the outstanding Convertible Notes has been adjusted to $13.73 per share (72.8554 shares of iStar common stock per $1,000 principal amount of Notes) effective May 31, 2022 and subject to further adjustment as provided in the governing supplemental indenture.
Notice of the conversion rate adjustment has been delivered to holders of the notes and U.S. Bank National Association, as trustee, in accordance with the terms of the supplemental indenture.
* * *
iStar Inc. (NYSE: STAR) is focused on reinventing the ground lease sector, unlocking value for real estate owners throughout the country by providing modern, more efficient ground leases on institutional quality properties. As the founder, investment manager and largest shareholder of Safehold Inc. (NYSE: SAFE), the creator of the modern ground lease industry, iStar is using its national investment platform and its historic strengths in finance and net lease to expand the use of modern ground leases within the $7 trillion institutional commercial real estate market. Recognized as a consistent innovator in the real estate markets, iStar specializes in identifying and scaling newly discovered opportunities and has completed more than $40 billion of transactions over the past two decades. Additional information on iStar is available on its website at www.istar.com.
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SOURCE iStar Inc. | https://www.wibw.com/prnewswire/2022/06/01/istar-announces-adjustment-conversion-rate-convertible-notes/ | 2022-06-01T20:26:15Z |
Family murdered in tent at campground, 9-year-old boy the only survivor
MAQUOKETA, Iowa (AP) - A 9-year-old boy who was camping at an Iowa state park with his parents and 6-year-old sister survived a shooting that killed the rest of his family.
The Iowa Department of Public Safety identified the victims as Tyler Schmidt, 42; his 42-year-old wife, Sarah Schmidt; and their 6-year-old daughter, Lula Schmidt, all of Cedar Falls, Iowa. Their bodies were found in their tent early Friday at the Maquoketa Caves State Park Campground, about 180 miles east of Des Moines.
Authorities said the suspected gunman, 23-year-old Anthony Sherwin, was found dead Friday in a wooded area of the park with a self-inflicted gunshot wound.
Mitch Mortvedt, assistant director of the Department of Public Safety’s division of criminal investigation, told The Associated Press on Saturday that the motive for the attack was still unknown.
“We don’t know what led up to this, what precipitated it,” he said, adding that so far, “the investigation has not revealed any early interaction between the Schmidt family and him.”
Adam Morehouse, Sarah Schmidt’s brother, said the family had no connection to Sherwin and he believed it was a “completely random act.”
Cedar Falls Mayor Rob Green, who said he is a neighbor of the Schmidts, posted on Facebook on Friday that the couple’s 9-year-old son, Arlo, “survived the attack, and is safe.” The post did not say whether Arlo was in the tent or even at the campsite when the shootings happened, and the mayor told the AP he didn’t have those details.
Morehouse confirmed Arlo was on the family’s camping trip, but said he did not know exactly where the boy was at the time of the shooting or know specifics about how it unfolded.
“He is with family and he is OK, but I have not had any interaction with him,” Morehouse said Saturday. “As far as I know, he was uninjured physically.”
By Saturday evening, more than $75,000 had flowed into a GoFundMe page created for Arlo. The page, organized by a cousin, Beth Shapiro, said: “Arlo is a strong boy, surrounded by family and friends who are supporting him as best we can.” The page says the fund will help Arlo now, and help fund his future education.
The killings prompted the evacuation of the park and campground, including a children’s summer camp. After the evacuations, Sherwin was the only person unaccounted for, Mortvedt said.
He said that during the course of the investigation, authorities learned Sherwin was armed and “that of course heightened our awareness.” Iowa allows people with permits to carry firearms virtually anywhere in the state. Officials did not say if Sherwin had a permit and provided no information about the firearm used to kill the Schmidts.
The Des Moines Register reported that Sherwin was from La Vista, Nebraska. La Vista Police Chief Bob Lausten told the newspaper that Sherwin lived in an apartment complex with his parents and had no history of criminal conduct.
Felicia Coe, 35, of Des Moines, was at the campground Friday morning with her boyfriend and his two sons, ages 11 and 16. She said the 16-year-old went out early to go running, and she was talking with someone at the park at about 6:30 a.m. when two park rangers dressed in helmets, vests and carrying what looked like automatic rifles told them to leave the campground.
More law enforcement and an ambulance showed up as Coe went to find her boyfriend’s teenage son.
At the time, Coe did not know what happened. But she recalls seeing a little boy standing near the paramedics.
“He was in his pajamas. I distinctly remember he had one blue tennis shoe,” she said. She later saw a picture of the Schmidt family online and said she recognized the boy she saw as Arlo.
“He’s got this really cute, floppy-curly, moppy, strawberry-blond hair that’s really distinguishable,” Coe said. “He was in these super cute little pajamas, like a cotton T-shirt and shorts that matched. ... He was just standing there. He wasn’t crying. He wasn’t distraught. But he also wasn’t being comforted. He was just standing there by himself.”
She said the campers got little information about what happened and she began piecing it together on the drive home.
“It’s hard to be so grateful that it wasn’t your family, when you know that another family, is just being ripped apart — multiple families,” she said.
Green, the Cedar Falls mayor, said Sarah Schmidt worked at the city’s Public Library, which was closed Saturday.
“Like many of you just hearing the news, I’m devastated,” Green wrote on Facebook. “I knew Sarah well, and she & her family were regular walkers here in the Sartori Park neighborhood. I was working with her this week on a public library tech presentation for 7/26.”
Morehouse said Tyler Schmidt’s parents live in the Cedar Falls area, and Sarah Schmidt’s family members are scattered around the country, but were heading to Iowa. He said Tyler and Sarah lived in Lawrence, Kansas, for a time, where Sarah worked at the University of Kansas. Tyler was an IT software engineer. At one point, he said, Sarah worked on a project about monarch butterflies, and the couple were huge Kansas Jayhawks fans.
In 2018, the Schmidts moved to Cedar Falls and had been active in the community ever since, Morehouse said. He said they loved the outdoors, and just got four pairs of snowshoes for Christmas.
“The best way to describe all four of them was the quintessential Midwestern family. They gave everybody everything they possibly could. They loved family ... They enjoyed the outdoors, enjoyed the hiking — and this is just a question mark of ‘Why that campground and that campsite on that night?’”
___
Forliti reported from Minneapolis.
___
An earlier version of this article misspelled Lula Schmidt’s first name.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/07/26/family-murdered-tent-campground-9-year-old-boy-only-survivor/ | 2022-07-26T22:25:14Z |
PITTSBURGH, May 31, 2022 /PRNewswire/ -- MSA Safety Incorporated (NYSE: MSA), the global leader in the development, manufacture and supply of safety products that protect people and facility infrastructures, today announced that Nish Vartanian, Chairman, President and Chief Executive Officer, and Kenneth Krause, Senior Vice President, Chief Financial Officer and Treasurer, will present at the following investor conferences:
- William Blair 42nd Annual Growth Stock Conference at the Loews Chicago Hotel on Monday, June 6, 2022 from 1:40 p.m. – 2:10 p.m. E.T.
- Stifel 2022 Cross Sector Insight Conference at the InterContinental Boston Hotel on Wednesday, June 8, 2022 from 3:35 p.m. – 4:05 p.m. E.T.
These events will be webcast live and can be accessed at http://investors.MSASafety.com. Following the presentation, a replay will be available for 90 days at the link listed above, under the "News and Events" menu.
Established in 1914, MSA Safety Incorporated is the global leader in the development, manufacture and supply of safety products that protect people and facility infrastructures. Many MSA products integrate a combination of electronics, mechanical systems and advanced materials to protect users against hazardous or life-threatening situations. The company's comprehensive product line is used by workers around the world in a broad range of markets, including the oil, gas and petrochemical industry, the fire service, the construction industry, mining and the military. MSA's core products include self-contained breathing apparatus, fixed gas and flame detection systems, portable gas detection instruments, industrial head protection products, firefighter helmets and protective apparel, and fall protection devices. With 2021 revenues of $1.4 billion, MSA employs approximately 4,800 people worldwide. The company is headquartered north of Pittsburgh in Cranberry Township, Pa., and has manufacturing operations in the United States, Europe, Asia and Latin America. With more than 40 international locations, MSA realizes approximately half of its revenue from outside North America. For more information visit MSA's web site at www.MSAsafety.com.
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SOURCE MSA Safety | https://www.kxii.com/prnewswire/2022/05/31/msa-present-upcoming-investor-conferences/ | 2022-05-31T19:59:41Z |
Woman gives birth on way to hospital: ‘You did not just have a baby on the interstate’
EVANSVILLE, Ind. (WEVV) - A couple in Indiana has quite a story to tell after welcoming their child into the world on the side of a highway.
“My contractions were eight minutes apart. Then 35 minutes later, we had a baby on our hands,” said mother Emily Waddell.
She said she had called her husband home, and they headed out for the hospital when she thought she was going into labor.
“I told him to come home, but I wasn’t positive about the baby coming,” Emily Waddell said.
As a mother of three, it wasn’t her first rodeo. But this time would be different.
“When we were getting on the interstate, I said, ‘I do not want to have a baby in the truck,” Emily Waddell said.
Emily Waddell’s husband, Stephan Waddell, said she grabbed his arm and told him to pull over before he jumped into action and caught his baby girl.
Emily Waddell said while they waited for help, she called her sister, a labor and delivery nurse.
“My sister was like, ‘Are you joking? You did not just have a baby on the interstate,” Emily Waddell said.
The couple said that indeed happened as they welcomed Reagan Waddell to the world on Monday at 7 pounds, 10 ounces.
“Luckily, between the people on the phone and my sister. We were able to make things go smooth,” Emily Waddell said.
Stephan Waddell said it was the coolest thing they’ll probably ever do but doesn’t want to do it again.
Copyright 2022 WEVV via CNN Newsource. All rights reserved. | https://www.wibw.com/2022/09/16/woman-gives-birth-way-hospital-you-did-not-just-have-baby-interstate/ | 2022-09-17T00:12:37Z |
Processing solution will help Rimfrost more efficiently produce high-quality Omega-3 and protein product
CHARLOTTE, N.C., June 21, 2022 /PRNewswire/ -- SPX FLOW, Inc., a leading provider of process solutions for the nutrition, health and industrial markets, has been selected by Norwegian-based Rimfrost to supply a new processing plant installed onboard a 120-meter-long (more than 393 feet) oceangoing krill vessel that sustainably harvests and processes fresh krill for use in products such as Omega-3 krill oil and protein products.
SPX FLOW worked with Rimfrost to design the plant, supplied equipment and will supervise installation and commissioning onboard in Norway. The Rimfrost krill harvest vessel will include two processing lines from SPX FLOW, both with krill reception, hydrolysis tanks, heating sections, separation sections and evaporators, all connected by SPX FLOW's Factory Expert automation solution.
"As partners for more than ten years, SPX FLOW worked hard to listen to Rimfrost's needs, while incorporating what we've learned on past projects together," said Gerard Lang, SPX FLOW's vice president of Nutrition and Health Systems. "We've come to value our work together — from concept to innovation to completion — and are excited to take this next step together."
Rimfrost's patented process is unique with special hydrolysis methods onboard the krill harvest vessel, allowing them to use up to 50% less krill biomass to create the same amount of krill products than other companies, thus making a more sustainable way to harvest krill for human consumption. The market for all krill products continues to grow.
"Rimfrost prides itself on the sustainability and traceability efforts we put into each and every krill harvest," said Rimfrost Project Director Thore Veddegjerde. "The new vessel is equipped with state-of-the-art technology to reduce the energy consumption and emissions. In addition, further processes are planned to reuse energy to reduce the carbon footprint. Working with SPX FLOW has allowed us to ensure those values continue as we build a better way forward in this industry."
Rimfrost is certified by or a member of several sustainability-focus organizations, including the Marine Stewardship Council, Friend of the Sea and Association of Responsible Krill harvesting companies. The fishery is regulated by the Commission for the Conservation of Antarctic Marine Living Resources.
The vessel will be completed at the Westcon yard in Norway. The hull was made at Tersan Shipyard in Turkey. Watch video from the launch.
To learn more about Rimfrost, visit https://www.rimfrostkrill.com/
To learn more about SPX FLOW's portfolio of solutions, visit SPX FLOW's website.
About SPX FLOW, Inc.
Based in Charlotte, N.C., SPX FLOW, Inc. improves the world through innovative and sustainable solutions. The company's product offering is concentrated in process technologies that perform mixing, blending, fluid handling, separation, thermal heat transfer and other activities that are integral to processes performed across a wide variety of nutrition, health and industrial markets.
SPX FLOW had approximately $1.5 billion in 2021 annual revenues and has operations in more than 30 countries and sales in more than 140 countries. To learn more about SPX FLOW, please visit www.spxflow.com.
Media Contact:
Melissa Buscher, Chief Communications and Marketing Officer
Melissa.Buscher@spxflow.com
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SOURCE SPX FLOW, Inc. | https://www.wibw.com/prnewswire/2022/06/21/spx-flow-supply-onboard-processing-plant-antarctic-sea-krill-harvest-vessel/ | 2022-06-21T16:47:38Z |
SANTA CLARA, Calif. (AP) — Jimmy Garoppolo moved over one field, rejoined his San Francisco 49ers teammates at practice for the first time since last season and was firing off passes the same way he always has.
The big difference was he is now No. 2 in the pecking order behind Trey Lance.
After the past six months when Garoppolo had shoulder surgery that prevented a possible trade, spent training camp throwing on a side field away from his teammates, and then negotiated a drastic pay cut to remain in San Francisco, Garoppolo is ready for his new role as a backup.
“It was weird,” Garoppolo said Thursday. “It was different than any situation I’ve ever been in, and I’ve been in some weird ones, too, so that’s saying something. Things worked out for the best. There were a lot of ups and downs, rocky roads here and there, but throughout the whole thing, I’m happy with where I’m at. I’m happy to be with the Niners, and I think the Niners are happy to have me back. Things are working out pretty well.”
No one expected them to work out this way.
After the Niners lost to the Rams in the NFC title game last January, Garoppolo said his goodbyes and was ready to join a new team with San Francisco handing the offense over to Lance.
But when a lingering shoulder injury from late in the season required surgery, everything changed. The trade market that had at least two teams very interested in striking a deal, according to San Francisco general manager John Lynch, immediately dried up and Garoppolo was in limbo.
He was finally cleared to return to practice at the start of training camp but the 49ers had decided they didn’t want to keep Garoppolo as a backup with a $24.2 million salary so they didn’t risk injury by having him practice.
Garoppolo said he never demanded his release because he didn’t want to “ruffle the feathers too much.” Garoppolo’s representatives talked to a few teams in August but were unable to find an interested team that he found desirable.
“I saw the opportunities that were out there,” he said. “You weigh the pros and cons of everything. Trust me, there was a lot of back and forth going on just with other teams, and what I wanted my future to look like. This is what I wanted. I’m happy the way it worked out. The familiarity was a big part of it.”
With the roster-cut deadline looming earlier this week, he struck the deal Monday to stay in San Francisco on a $6.5 million salary with the chance to earn up to $16 million depending on playing time and other incentives.
He rejoined team meetings the following day and everything was back to the way it had been except for the depth chart that now had Lance as the starter.
Lance and Garoppolo both stressed there is no awkwardness in their relationship and see no reason why Garoppolo’s return would be any sort of distraction.
Garoppolo talked about the need to “check your ego a little bit” and Lance said he’s happy to get to continue to learn from Garoppolo.
“It’s good to have him back and good to have him back in the QB room again,” Lance said. “He’s been a big brother to me since my first day in the league. I know he’s got my back and I have his back. I know he’s going to add a lot to our QB room.”
The other big roster news this week came at running back, where undrafted rookie Jordan Mason made the team and 2021 third-round pick Trey Sermon got cut Wednesday after San Francisco claimed offensive lineman Blake Hance off waivers from Cleveland.
Sermon played nine games as a rookie and had 41 carries for 167 yards and a touchdown. Lynch said Sermon came into camp this season much more prepared but he averaged just 2.1 yards per carry in the preseason compared to 5.0 for Mason.
“The bottom line, J.P. Mason just played too well,” Lynch said. “We felt like he made our team better.”
NOTES: The Niners signed DB Dontae Johnson to the practice squad after cutting him earlier in the week. Johnson could be activated to play in the season opener with S Jimmie Ward on IR with a hamstring injury. … WR Deebo Samuel (knee), DL Arik Armstead (undisclosed), LB Oren Burks (knee), and OL Daniel Brunskill (hamstring) didn’t practice.
___
More AP NFL coverage: https://apnews.com/hub/NFL and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/ap-garoppolo-glad-to-be-back-with-49ers-after-weird-offseason/ | 2022-09-02T19:17:17Z |
- Only 20 companies in the world are named in this category, after the establishment of the new market last year, Bespin Global has been recognized as 'a Visionary' this year
- Bespin Global, recognized for its vision and execution
- Bespin Global named on Gartner® Magic Quadrant™ for 6 years
SEOUL, South Korea, Aug. 5, 2022 /PRNewswire/ -- Bespin Global (https://www.bespinglobal.com, CEO HanJoo Lee), a cloud delivery platform company, announced on the 5th that it has been recognized as a Visionary company in 2022 Gartner Magic Quadrant for Public Cloud IT Transformation Services.
Bespin Global has been named in the same category for the 2nd consecutive year. Following the recognition of a Niche Player last year, Bespin Global is now recognized as a Visionary this year.
As the cloud market continues to evolve rapidly around the world, Gartner has launched the 'Public Cloud IT Transformation' category in 2021 by further applying and analyzing the perspective of service providers in the cloud transformation. The category targets companies that can provide more professional digital transformation services and business support in conjunction with cloud-native solutions. In this year's Magic Quadrant for 'Public Cloud IT Transformation' category, only 20 companies were named, including Bespin Global.
Bespin Global is a cloud delivery platform company that provides comprehensive cloud services such as migration and implementation to the cloud environment, operation and management, DevOps, Big Data, and security. Since its establishment in 2015, it has been carrying out cloud-based digital transformation services for more than 3,000 customers and also providing cloud optimization solutions such as 'OpsNow', a multi-cloud automated management platform that has surpassed 2,000 customers. Currently, it is based in 12 offices in 8 countries, including the United States, the Middle East, Southeast Asia, China, and Japan, and is speeding up its global business through an organic collaboration system.
Magic Quadrant is an annual report published by an IT research organization, Gartner, which evaluates global leading companies in the field of technology based on 'Availability to Execute' and 'Completeness of Vision' and releases them in the form of a quadrant (a Niche Player, a Visionary, a Challenger, a Leader).
Bespin Global CEO HanJoo Lee said, "Bespin Global's recognition of the Gartner Magic Quadrant for the 2nd consecutive year, we believe is a significant achievement that once again acknowledges that Bespin Global's cloud expertise and digital transformation capabilities are among the best in the world." He added that "Bespin Global will continue to actively support customers worldwide as an optimal digital transformation partner, as well as actively promote the advancement of cloud-based technologies and services."
GARTNER and MAGIC QUADRANT are registered trademarks and service marks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its 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 & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. Gartner, Magic Quadrant for Public Cloud IT Transformation Services, 20 July 2022, Mark Ray, et. Al.
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SOURCE Bespin Global | https://www.mysuncoast.com/prnewswire/2022/08/05/bespin-global-named-a-visionary-2022-gartner-magic-quadrant-public-cloud-it-transformation-services/ | 2022-08-05T13:48:40Z |
– Cancer prevention has a greater impact than cancer interception on clinical outcomes for CRC
– Clinical performance requirements and diagnostic procedures vary by cancer type
SOUTH SAN FRANCISCO, Calif. , April 11, 2022 /PRNewswire/ -- Freenome, a privately held biotech company, will present research at the American Association for Cancer Research (AACR) Annual Meeting that measures the clinical impact of detecting precancerous adenomas for tests that screen for colorectal cancer (CRC), including multi-cancer early detection (MCED) tests. The research modeled detecting adenomas and cancer (prevention and interception) or primarily cancer alone (interception) for such tests.
The research found that even modest improvements in detecting adenomas resulted in more favorable CRC clinical outcomes than detecting primarily cancer alone. Since different cancers have different preclinical phases, the clinical utility of detecting precancerous lesions varies accordingly.[1] In CRC, detection and removal of adenomas and early-stage CRC significantly reduces CRC incidence and mortality.[2]
Using Freenome's validated model, CRC-MAPS, researchers simulated adherence to an annual, blood-based CRC screening test among average-risk adults aged 45-75. Four scenarios were modeled:
- A cancer interception test with clinical performance comparable to or better than that reported for some MCED tests3,4
- A cancer interception test with near-perfect performance
- Two cancer prevention and interception scenarios with varying adenoma sensitivity
A threshold analysis was also performed to determine the ≥10mm adenoma sensitivity needed for a cancer prevention and interception test to result in the same CRC mortality reduction as a near-perfect cancer interception test.
The results demonstrated that the cancer prevention and interception scenarios resulted in outcomes 2.3 to 5.6 times more favorable than the cancer interception scenarios due to increased adenoma detection. Further, the threshold analysis found that increasing the ≥10mm adenoma sensitivity by less than one (1) percentage point, from 1% to 1.94%, resulted in the same reduction in CRC mortality as the near-perfect interception test.
"This study shows the clinical impact of detecting adenomas in any test that screens for CRC," said Girish Putcha, M.D., PhD., lead author of the study and senior vice president, Freenome. "This is just one example of how clinical performance requirements vary by cancer, and why it's important to consider each cancer separately when it comes to helping patients and improving health outcomes."
About Freenome
Freenome is a biotechnology company with a comprehensive multiomics platform for the early detection of cancer using a routine blood draw. The company combines its deep expertise in molecular biology with advanced computational biology and machine learning to detect disease-associated patterns among billions of circulating cell-free biomarkers. Freenome is headquartered in South San Francisco, California.
1 Putcha G, Gutierrez A, Skates S. JCO Precision Oncology. 2021. doi: 10.1200/PO.20.00488
2 Gupta S, Lieberman D, Anderson JC, et al. 2020. Gastroenterology. doi: 10.1053/j.gastro.2019.10.026
3 Liu MC, Oxnard GR, Klein EA, et al. 2020. Ann Oncol. doi: 10.1016/j.annonc.2020.02.011
4 Lennon AM, Buchanan AH, Kinde I, et al. 2020. Science. doi: 10.1126/science.abb9601
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SOURCE Freenome, Inc. | https://www.mysuncoast.com/prnewswire/2022/04/11/freenome-presents-research-that-highlights-significance-detecting-adenomas-any-test-that-screens-colorectal-cancer/ | 2022-04-11T17:08:19Z |
Which inkjet printer is best?
Even though most of our lives have moved over to digital, there are still instances where we need to print something on paper. Whether it’s important documents or a memorable photo, having the correct printer is essential for the job.
There are plenty of printers to choose from, but if you’re looking for a device that can handle almost anything, the Epson EcoTank ET-2760 is an excellent choice. Not only is it fast, but it can also save you a lot of money on ink costs.
What to know before you buy an inkjet printer
Inkjet printers work differently from laser printers
Inkjet and laser printers are generally the two most common types. A laser printer uses toner and heat to bond the pigment onto the paper. Inkjet printers have tiny nozzles that spray ink particles onto the page. Laser printers are best suited for large quantities, while inkjets are preferred for highly detailed photos.
Ink can be expensive
Whichever type of printer you buy, the ink will be expensive. Because the manufacturing of the printers is cheap, makers turn profits from the sale of consumables. As a result, your printer won’t work without ink. When deciding on a printer, keep this in mind, as you might be shocked at how much it costs to keep the device running smoothly.
Consider how the printer will be used
Another factor that should be considered is how the printer will be used. For example, do you require a device to print more black and white documents or something that can provide hyperrealistic images? If you’re mainly using it for office documents, check whether it can be used with black ink only. Some printers lock up if a color cartridge isn’t installed, even if you only want to print black and white.
What to look for in a quality inkjet printer
Connectivity options
Printers are usually supplied with a USB cable, but that’s incredibly restrictive; you need to be close to the device to get any work done. A good-quality printer should have a range of connectivity options. The most common in modern printers is Wi-Fi so that all devices on the network can use it. Some gadgets also have Bluetooth options, which are great for mobile devices. Uncommon connections can include an SD card slot or a port for a thumb drive.
Dots per inch and pages per minute
The printing quality is one thing, but how fast the printer can do it is another. The speed of a printer is measured in pages per minute, and it can get a bit complex. Since printers can do color and black and white, they usually have two separate PPM specifications. A good-quality printer can do 20-40 black and white pages per minute, and 5-8 full-color pages per minute. The dots per inch also play a role. It measures how many ink drops are deposited on a 1-inch square. The more DPI, the better the visual quality, but the printer might take longer.
Double-sided printing
It isn’t common to find printers that can do double-sided printing, but it’s a great option to have. Typically, you need to manually turn the page over and reinsert it to print on both sides. Printers that can do double-sided (sometimes called duplex printing) complete the task automatically.
How much you can expect to spend on an inkjet printer
The average price of an inkjet printer largely depends on the manufacturer and the device’s capabilities. An entry-level printer perfect for home use or in a small office can retail for $160-$200. A larger printer for professional jobs can cost $300-$600.
Inkjet printer FAQ
Can you use refillable ink cartridges with an inkjet printer?
A. In most instances, you can, but some manufacturers like HP and Canon have started to clamp down on third-party cartridge providers. Therefore, it’s best to check your printer’s documentation to see if it’s compatible.
What’s the difference between dots per inch and pixels per inch?
A. The only difference between the two measurements is the wording used. A dot is essentially a pixel; hence, the quality measure is the same. Both refer to the amount of ink that’s placed onto the page.
What’s the best inkjet printer to buy?
Top inkjet printer
What you need to know: The EcoTank is one of the first printers that doesn’t use standard ink cartridges. Instead, the liquid is in refillable ink tanks that can easily be topped up when needed.
What you’ll love: Epson claims that you’ll save up to 90% on ink costs with the refillable bottles, but that’s not all the printer can do. It has auto-duplexing, a high-resolution flatbed scanner and a large display with easy-to-use buttons. In addition, it can connect to Wi-Fi and print through voice activation. As for printing speed, it can do 10 black and white pages per minute.
What you should consider: It doesn’t support cardstock like postcards, as it can only print on regular plain paper.
Where to buy: Sold by Amazon
Top inkjet printer for the money
What you need to know: If you need a small printer that’s fast with tons of intelligent features, this one is an excellent option.
What you’ll love: Shipped with a bonus of six months’ Instant Ink with HP+, this zippy printer can also copy and scan. It has an automatic document feeder, can print borderless photos and connects to Wi-Fi and mobile devices. It can do 10 black and white pages per minute and seven color pages per minute.
What you should consider: If you don’t do a lot of printing in a month, the Instant Ink with the HP+ program is optional.
Where to buy: Sold by HP and Amazon
Worth checking out
What you need to know: There’s little worry about the ink with this printer, as it ships with up to a year’s worth of liquid. The printer can also tell you how much ink you’ve used and how much is remaining after each job.
What you’ll love: This printer can connect to devices through AirPrint, Google Cloud Print, Brother and Wi-Fi. It can handle 12 black and white pages per minute with automatic double-sided printing. In addition, the printer features a large color display in the front with easy-to-press buttons.
What you should consider: It’s larger than most printers and weighs just over 19 pounds. If you have limited space, it might be too big.
Where to buy: Sold by Amazon
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/office-br/best-inkjet-printer/ | 2022-04-01T19:22:50Z |
TAIPEI, June 29, 2022 /PRNewswire/ -- Global cross-border transactions are increasing in demand. According to Juniper Research, a UK-based market research company, the total amount of global B2B cross-border transactions will grow from 34 trillion USD in 2021 to 42 trillion USD by 2026. With alternative transactions gaining popularity, the financial regulations in various countries become stricter. In light of these trends, OwlTing Group, a global blockchain services company, announces a partnership with Dow Jones Risk & Compliance to leverage the Dow Jones Watchlist for Customer Due Diligence (CDD) measures of OwlPay, a one-stop integration payment service of OwlTing, and comply with the latest financial regulations across jurisdictions. In the second half of 2022, OwlTing Group expects to work with international financial institutions to provide global B2B cross-border payment services that are secure, real-time, and convenient applicable across multiple industries.
Cross-border B2B payments are currently complicated, expensive and time-consuming. Recognizing this problem, OwlTing Group announced OwlPay's global cross-border payment services in Q2 of 2022. Partnering with Napier, a UK-based anti-financial crime system provider listed in 2022 RegTech 100, OwlTing implements measures including Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) to meet the requirements of financial regulatory authorities in various countries. Additionally, OwlTing utilizes the Dow Jones Watchlist in the Know Your Customer (KYC) process to enhance their risk management abilities and ensure the security of cross-border transactions for their global business users.
Dow Jones Risk & Compliance includes over 3.7 million global risk profiles, including those announced from the United Nations Sanction List. In addition to these files, official sanction lists from the governments in various countries such as US OFAC, Politically Exposed Persons (PEPs) and Relatives and Close Associates (RCAs), and individuals or organizations that may have had adverse or negative media coverage are accessible. The Watchlist is also adopted by many international financial institutions and significantly contributes to OwlPay's CDD to monitor and prevent financial crime risks.
Jackal Ting, Chief Compliance Officer for OwlTing Group, explains, "OwlTing Group has been applying new technologies to innovate the existing industry applications and solve pain points. OwlPay is our solution in the FinTech industry. OwlPay not only allows users to use developer-friendly APIs to connect to business' internal management systems, provide payment process automation service, but also works with global financial institutions and digital payment enterprises to expand the cash flow network for a faster and cheaper global B2B cross-border payment service. Due to the increasing importance of AML and financial regulatory systems in various countries, OwlTing Group established the compliance department to take the responsibilities of transaction security and achieve regulatory compliance. We will continue to enhance our AML and CFT systems and measures, and expect to become a trusted partner of global enterprises."
Una Peng, Partnership Director for OwlPay, states about OwlPay's partnerships to date, "We are currently connecting the system to several banks and overseas financial institutions. On top of that, we are partnering with companies in industries such as real estate, automotive, and produce. Since the release of our global cross-border payment services in May, it has been adopted by enterprises in Singapore. In addition, we have introduced OwlPay to the business units under OwlTing Group from our hospitality system to e-commerce services, and OwlPay has processed a total payment volume of over 12 million USD to date. OwlPay allows for the same-day settlement of funds, helps save 50% of labor cost, and greatly enhances the operation efficiency for OwlTing's business units."
Looking at the global cross-border payment market, Darren Wang, Founder and CEO of OwlTing Group, shares, "OwlPay's B2B cross-border payment services for overseas businesses are released, and we will first target the US, Japan, Singapore, and countries in the EU. We will announce our partnership with international financial institutions soon. In the future, we will continue to work with our partners to provide faster and cheaper global B2B cross-border payment services with different blockchain settlement networks and USD stablecoin applications on condition that international regulatory compliance is ensured. We will build a seamless global cash flow network with which enterprises can make global payments with ease."
For more information, please see below. Thank you!
About OwlPay
OwlPay provides a one-stop integration payment service for global enterprises. Through developer-friendly APIs, OwlPay integrates functions including reconciliation, mass transfers, auto payouts to innovate B2B cross-border transactions for real-time settlement and clearance. OwlPay charges less than 10 USD per transaction with same-day settlement, significantly enhancing the efficiency and transparency and making OwlPay a faster and cheaper payment solution tailored to the needs of global enterprises. OwlPay aims to create a new FinTech experience to help enterprises enhance operational efficiency and save labor cost.
Website: https://owlpay.com/
About OwlTing Group
Founded in 2010, OwlTing Group covers B2B, B2B2C, and B2C services. As a Taiwan-based company, OwlTing has branch offices in the US, Japan, Thailand, Malaysia, Hong Kong, and Singapore, and seeks to expand globally. In 2018, OwlTing announced an eight-figure USD investment from the Japanese financial giant SBI Group. In recent years, OwlTing has formed partnerships with government agencies, industry, and academia globally and applied the blockchain technology to the medical industry, automotive industry, defense industry, food industry, forestry, agriculture, etc. OwlTing aims to build blockchain services for various industries to solve pain points and improve industry ecosystems.
Website: https://www.owlting.com/
About Dow Jones Risk & Compliance
Dow Jones Risk & Compliance is a global provider of third-party risk management and regulatory compliance solutions. Working with clients across the globe, it delivers research tools and outsourced services for on-boarding, vetting and investigation to help companies comply with anti-money laundering, anti-bribery, corruption and economic sanctions regulation in mitigating third party risk.
Website: https://www.dowjones.com/products/risk-compliance/
About Napier
Napier is a new breed of financial crime compliance technology specialist. Our intelligent compliance platform is transforming compliance from legal obligation to competitive edge. All Napier products are built using cutting-edge technology, and the platform can be delivered via public cloud, private cloud or on premise.
Website: https://www.napier.ai/
Contacts
OwlTing Group - PR Office
pr_office@owlting.com
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SOURCE OwlTing Group | https://www.mysuncoast.com/prnewswire/2022/06/29/owlting-group-leverages-dow-jones-watchlist-owlpay-achieve-robust-global-regulatory-compliance/ | 2022-06-29T14:13:29Z |
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‘Top Gun: Maverick’ wins Tom Cruise 1st $100 million opening
(AP) – Forget breaking the sound barrier: Tom Cruise just flew past a major career milestone.
The 59-year-old superstar just got his first $100 million opening weekend with “Top Gun: Maverick.” In its first three days in North American theaters, the long-in-the-works sequel earned an estimated $124 million in ticket sales, Paramount Pictures said Sunday. Including international showings, its worldwide total is $248 million.
On Monday, Variety reported the film had earned $126 million in North America after a better-than-expected Sunday turnout.
It’s a supersonic start for a film that still has the wide-open skies of Memorial Day itself to rake in even more cash. According to projections and estimates, by Monday’s close, “Top Gun: Maverick” will likely have over $150 million.
“These results are ridiculously, over-the-top fantastic,” said Chris Aronson, Paramount’s president of domestic distribution. “I’m happy for everyone. I’m happy for the company, for Tom, for the filmmakers.”
Though undeniably one of the biggest stars in the world — perhaps even “the last movie star,” according to various headlines — Cruise is not known for massive blockbuster openings.
Before “Maverick,” his biggest domestic debut was in 2005, with Steven Spielberg’s “War of the Worlds,” which opened to $64 million. After that it was “Mission: Impossible — Fallout” with $61 million in 2018. It’s not that his films don’t make money in the long run: They just aren’t enormously frontloaded.
“Top Gun: Maverick” had an extremely long journey to get to the theaters. The sequel to the late Tony Scott’s “Top Gun,” which was released in 1986, was originally slated to open in the summer of 2020. Its marketing campaign technically started back in July 2019. The pandemic got in the way of those plans, however, and it was delayed several times. Directed by Joseph Kosinski, produced by Jerry Bruckheimer and co-produced and co-financed by Skydance, the sequel reportedly cost $152 million to make.
But even as the months, and years, went by and many other companies chose to compromise on hybrid releases, Cruise and Paramount didn’t waver on their desire to have a major theatrical release. A streaming debut was simply not an option.
“That was never going to happen,” Cruise said in Cannes.
And it is major, with 4,735 North American theaters (a record) showing “Top Gun: Maverick.” It also opened in 23,600 locations in 62 international markets.
“This is one of the longest runways for a marketing campaign for any film ever. And it only served to create more excitement around the movie,” said Paul Dergarabedian, the senior media analyst for Comscore. “This movie literally waited for the movie theater to come back.”
The build up has been just as flashy, with fighter-jet-adorned premieres on an aircraft carrier in San Diego and at the Cannes Film Festival, where Cruise was also given an honorary Palme d’Or, and a royal premiere in London attended by Prince William and his wife Kate.
“The feeling you get when you watch this film with an audience, it’s pretty special,” Aronson said. “The first big screening we had, there was spontaneous applause during the movie.”
Reviews have been stellar, too, with the film notching a 97% on Rotten Tomatoes. Audiences, who were 58% male, gave it an A+ CinemaScore, according to exit polls.
The new film has Cruise reprising the role of Maverick, who returns to the elite aviation training program to train the next generation of flyers, including Miles Teller, Glen Powell, Monica Barbaro, Greg Tarzan Davis, Danny Ramirez, Lewis Pullman and Jay Ellis. Jennifer Connelly, Jon Hamm and Val Kilmer, reprising his role from the original, also star.
“This solidifies the notion that the movie theater is a singular and a vitally important outlet for people,” Dergarabedian said. “People are looking for a great escape from everything that’s going on in the world right now.”
“Maverick” is now among the top pandemic era openings, still led by “Spider-Man: No Way Home” with $260 million, followed by “Doctor Strange in the Multiverse of Madness” with $187 million and “The Batman” with $134 million.
Notably, “Top Gun: Maverick” is the only non-superhero movie in the bunch. It also attracted a wide swath of age groups to the theater. An estimated 55% of the audience was over 35.
“Superhero movies aren’t for everybody. This movie is for everyone and that’s what sets it apart,” Aronson said. “The theatrical exhibition business has challenges ahead of it, but this is a shot in the arm for that.”
“The Bob’s Burgers Movie” was the only new release that dared go up against “Top Gun.” Released by 20th Century Studios and Disney, the animated pic earned $12.6 million from 3,425 locations. It opened in third place, behind “Doctor Strange 2,” which earned $16.4 million in its fourth weekend in theaters.
“Top Gun” will continue to essentially have the skies to itself until “Jurassic World: Dominion” opens on June 10.
“It has a really nice, open marketplace to play,” Dergarabedian said. “Tom Cruise has always been about consistency. His movies are about the marathon. This is the first movie of his that is sprinting to big box office numbers. Here, he gets the sprint and the marathon.”
Estimated ticket sales for Friday through Sunday at U.S. and Canadian theaters, according to Comscore. Final domestic figures will be released Tuesday.
1. “Top Gun: Maverick,” $124 million.
2. “Doctor Strange in the Multiverse of Madness,” $16.4 million.
3. “The Bob’s Burgers Movie,” $12.6 million.
4. “Downton Abbey: A New Era,” $5.9 million.
5. “The Bad Guys,” $4.6 million.
6. “Sonic the Hedgehog 2,” $2.5 million.
7. “Everything Everywhere All At Once,” $2.5 million.
8. “The Lost City,” $1.8 million.
9. “Men,” $1.2 million.
10. “F3: Fun and Frustration,” $1 million.
___
Follow AP Film Writer Lindsey Bahr on Twitter: www.twitter.com/ldbahr
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/05/30/top-gun-maverick-wins-tom-cruise-1st-100-million-opening/ | 2022-05-30T19:30:59Z |
SEATTLE, June 8, 2022 /PRNewswire/ -- Diopsys, Inc., a leader in modern visual electrophysiology medical devices today announced its move to expanded headquarters in Cedar Knolls, New Jersey. Diopsys became a wholly owned subsidiary of LumiThera, Inc. three months ago, and its relocation to a new 17,000 square foot facility will provide additional space for operations, research and development laboratories, warehouse and manufacturing capabilities.
LumiThera's acquisition of Diopsys created a complementary diagnosis and monitoring platform for the Valeda® Light Delivery System, LumiThera's leading treatment platform. Diopsys has an established commercial U.S. sales force that will combine with LumiThera's EU sales team to serve a large, global footprint of eye care professionals.
"The new east coast operations center will aid the global expansion of the combined theranostic platforms," indicated Matt Emmer, Vice President, Medical Affairs, Diopsys. "The theranostic company is focused on providing tools eye care professionals need to diagnose, treat, and monitor patients, to deliver a solution for multiple ocular diseases with limited treatment options."
LumiThera's recently announced the topline 13-month U.S. LIGHTSITE III trial data in intermediate dry Age-related Macular Degeneration (AMD) patients. The LIGHTSITE III trial enrolled 100 subjects, who received Valeda treatments every 4 months. A prespecified 13-month efficacy timepoint for all patients showed a sustained and statistically significant improvement in best corrected visual acuity as measured with the standard eyechart (p < 0.02). The topline results showed that over 55% of the intermediate dry AMD patients show >5 letters improvement with a mean of 9.7 letters; and over 26% of the patients showed >10 letter improvement with a mean of 12.8 letters. No safety issues were seen in the study results to date.
LIGHTSITE III is the ongoing U.S. pivotal study with the Valeda system, which showed a statistically significant improvement in vision in intermediate dry AMD subjects at 13 months and may provide a non-invasive treatment for patients that have limited treatment options and are progressing to geographic atrophy and irreversible vision loss. The US pivotal study results will be part of a PMA submission to FDA to seek approval for the treatment for US AMD patients. The Valeda device has already been approved in Europe and select countries in Latin America for the last 3 years.
"We are excited to expand operations in New Jersey as we rebrand the Diopsys diagnostic devices and work to bring Valeda therapy into the U.S. market," stated Clark E. Tedford, Ph.D., President and CEO, LumiThera, Inc. "The new facilities provide us with the opportunity to broaden our research and development activities and create a pipeline of first-in-class products that can be used to address degenerative eye diseases early."
AMD is a leading cause of vision loss for people aged 65 and older. Losing central vision can make it harder to see faces, drive, or do close-up work like cooking or fixing things around the house. The overall prevalence of AMD is estimated to increase 7-fold with age, from 4.2% in those aged 45–49 years, to 27.2% in those aged 80–85 years. Globally, the prevalence is estimated to increase by 20% between 2020 (195.6 million) and 2030 (243.3 million).
Diopsys, Inc. is a global leader in modern visual electrophysiology medical devices that help eye care professionals analyze the entire visual pathway for visual and neuro-visual disorders.
LumiThera is a commercial-stage medical device company focused on treating people affected by ocular damage and disease including dry age-related macular degeneration, a leading cause of blindness in adults over 65. The company is a leader in the use of PBM for treatment of visual disorders. The company is commercializing the office-based ValedaÒ Light Delivery System to be used by eyecare providers as medical treatments.
The Valeda Light Delivery System has been granted authorization to use the CE Mark by an EU Notified Body as required for commercial use in the European Union only. Valeda is not approved for use by the Food & Drug Administration (FDA) in the USA.
Visit the Company's website at www.lumithera.com.
2022 LumiThera, Inc., All rights reserved.
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SOURCE LumiThera Inc. | https://www.kxii.com/prnewswire/2022/06/08/diopsys-inc-announces-move-expanded-headquarters-new-jersey/ | 2022-06-08T10:32:19Z |
- Ms. Bühler joins Valour's asset management team, focused on building upon product capacity in relation to exchange-traded products (ETPs)
TORONTO, Aug. 1, 2022 /PRNewswire/ - Valour Inc. (the "Company" or "Valour") (NEO: DEFI) (GR: RMJR) (OTCQB: DEFTF), a technology company bridging the gap between traditional capital markets and decentralized finance, announced today that it has appointed Elaine Bühler to the role of Product Manager. With her extensive experience in product and portfolio management with a diverse financial background, including private equity and derivatives, she will be responsible for enhancing Valour's ETP initiatives globally.
Ms. Bühler, previously a product manager for Amun/21Shares, was responsible in orchestrating its crypto ETP launches into the Swiss and European markets. This has imparted her with specialized industry knowledge that intersects both traditional finance and technology.
"The team at Valour is very excited to begin work with Elaine as she will help position the Company to thoughtfully grow its involvement in the digital asset space, particularly as we look to expand our lineup of products as well as its offering of physically-backed cryptocurrency ETPs in Europe," said Russell Starr, CEO of Valour.
Ms. Bühler's hiring marks the third accession to the Company's asset management team within just a few weeks with the recently announced addition of Chief Sales Officer, Marco Infuso and General Counsel Peter Märkl.
Valour offers fully hedged digital asset ETPs with low to zero management fees, with product listings across four European exchanges. Valour's existing product range includes Valour Uniswap (UNI), Cardano (ADA), Polkadot (DOT), Solana (SOL), Avalanche (AVAX), Cosmos (ATOM) and Enjin (ENJ) ETPs, as well as Valour's flagship Bitcoin Zero and Valour Ethereum Zero products, the first fully hedged, passive investment products with Bitcoin (BTC) and Ethereum (ETH) as underlyings which are completely fee-free, with competitors charging up to 2.5% in management fees.
Learn more about Valour at https://valour.com/
Valour Inc. is a technology company bridging the gap between traditional capital markets and decentralized finance. Our mission is to expand investor access to industry-leading decentralized technologies which we believe lie at the heart of the future of finance. On behalf of our shareholders and investors, we identify opportunities and areas of innovation and build and invest in new technologies and ventures in order to provide trusted, diversified exposure across the decentralized finance ecosystem. For more information or to subscribe to receive company updates and financial information, visit https://valour.com.
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by Valour and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of Valour ETPs by exchanges; growth and development of DeFi and cryptocurrency sector; rules and regulations with respect to DeFi and cryptocurrency; general business, economic, competitive, political and social uncertainties. 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 or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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SOURCE Valour, Inc. | https://www.kxii.com/prnewswire/2022/08/02/valour-inc-announces-new-product-manager-elaine-bhler/ | 2022-08-02T14:59:47Z |
The moments resonating from the Jan. 6 hearings (so far)
NEW YORK (AP) — By the numbers, the Jan. 6 committee hearings attracted 20 million live viewers on opening night, 11 million for the first daytime session and nearly 9 million for Thursday’s third installment.
Yet those traditional Nielsen company yardsticks don’t begin to measure the true reach of what is being said there.
Memorable moments from each hearing are sliced for quick consumption on countless news programs, comedy shows and online, to the point where some have been seen more times later than when they were live.
In many respects, it’s the first congressional hearing in memory that seems specifically designed with modern media needs in mind, said Jeff Jarvis, a City University of New York journalism professor and frequent blogger on the media.
“That has already worked,” he said.
While it’s impossible to know what — if anything — covered in the initial stages of the hearing will stick much beyond the week’s news, there are already breakout moments and characters.
GIULIANI AND ALCOHOL
Receiving wide circulation: snippets where President Donald Trump’s former political director, Bill Stepien, aide Jason Miller and committee member Liz Cheney say that lawyer Rudy Giuliani had too much to drink before advising Trump on election night 2020.
Hours after the allegation had been made, the clips were featured in the monologues of top-rated late-night comics Stephen Colbert and Jimmy Kimmel. The shows are typically seen by a combined audience of nearly 5 million people each night, with many more people watching online the next morning. Kimmel accompanied it with a film package of times when Giuliani acted oddly in defense of Trump.
The episode resonated in part because it was a connectable moment in an otherwise very serious story, said Robert Thompson, director of Syracuse University’s Bleier Center for Television and Popular Culture.
“Having people who are major figures in a national political setting outed for being wasted is something that people can find immediately understandable,” Thompson said.
BARR’S REALITY
Former Attorney General William Barr’s recorded testimony that he found Trump “detached from reality” with some of his claims about election fraud was the lead in several news stories about Monday’s hearing. It was a vivid and disturbing image of a former president from the man who ran Trump’s Justice Department.
The ABC, CBS and NBC evening newscasts that night all featured the clip of Barr’s comment, and together the three programs typically reach more than 20 million viewers — or double the amount of people who saw the hearing live.
There’s no count of how many times it was repeated on cable news, or estimate of how many people saw it that way.
Two anecdotal examples illustrate the extent to which it was seen online. A clip of the moment posted by Reuters on Facebook was watched 928,000 times, and the clip posted on The New York Times’ Instagram account was seen 404,000 times.
DAUGHTER AND SON-IN-LAW
Filmed testimony from Ivanka Trump and her husband Jared Kushner has been particularly potent, in large part simply because they come from the family of a man who prizes loyalty.
A clip of Ivanka Trump saying she trusted Barr’s assessment of the fraud allegations amassed more than 1.6 million views in an Instagram post published by The Shade Room, a media outlet that focuses on celebrity entertainment, and 1 million when Bloomberg shared it on Twitter. Twitter posts of the video uploaded by MSNBC and the committee itself got more than 900,000 views together.
A video of her recollection of a phone call her father made to Vice President Mike Pence on the morning of Jan. 6, 2021 was shown on each of the three evening newscasts on Thursday, sometimes accompanied by the colorful descriptions of his language.
Kushner’s halting response when asked about what he had said to his father-in-law about Giuliani — as if he was weighing in real time what it meant to be under oath — became fodder for jokes.
NEW STAR
Previously little-known, former White House attorney Eric Herschmann has become a breakout star this past week for his filmed testimony concerning his conversations with John Eastman, architect of Trump’s failed maneuvering to hold onto power.
Editing his own colorful language, Herschmann recalls saying “are you out of your effing mind?” when Eastman talks the day after the Capitol riot about a potential appeal of Georgia election results. Like a stern parent, he tells Eastman that the only words he wants to hear from him are “orderly transition” and advises him to “get a great f-ing criminal defense lawyer. You’re going to need it.”
Recognizing the testimony’s potential impact, Cheney released it on Twitter the day before it was prominently featured in the hearing, giving it extra attention. That also served to highlight the committee’s finding that Eastman had unsuccessfully sought a presidential pardon.
Politico even did a story on the art hanging on the wall behind Herschmann during his testimony.
CHENEY’S PREDICTION
Cheney’s prosecutor-like outline of the committee’s case at the top of its only prime-time hearing drew wide attention, along with some advice that may live longer than her political career.
“Tonight, I say this to our Republican colleagues who are defending the indefensible: There will come a day when Donald Trump is gone — but your dishonor will remain,” she said.
The Associated Press’ tweet with video of Cheney making that remark has been seen more than 1 million times.
Someday, depending on how history regards the events of Jan. 6, 2021, it may wind up the moment most recalled, like when it was revealed during the Watergate hearings that John Dean has warned Richard Nixon about a “cancer on the presidency,” Thompson said.
“I see that as the classic quote,” Thompson said.
___
Associated Press correspondent Arijeta Lajka in New York contributed to this report.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/06/20/moments-resonating-jan-6-hearings-so-far/ | 2022-06-20T12:09:43Z |
Parents should watch for pain, subtle signs of foot and ankle problems in children.
BETHESDA, Md., April 5, 2022 /PRNewswire/ -- America's podiatrists want parents to know that foot and ankle pain is never normal for kids. If a child experiences pain or a change in the condition of their feet and ankles, it's time to check in with the expert in kids' foot health—today's podiatrist.
"Many people think podiatry is a specialty that sees mostly older patients," said APMA President Laura J. Pickard, DPM. "But children experience a wide range of developmental conditions, as well as injuries in their feet and ankles, and podiatrists treat them every day."
The Today's Podiatrist Keeps Kids Active campaign is designed to educate parents about how to keep their children's feet and ankles healthy and when to seek care from a podiatrist to ensure children can stay active.
"I'm seeing so many children in my practice," said Priya Parthasarathy, DPM, chair of the APMA Communications Committee. Dr. Parthasarathy said many kids are returning to sports and other physical activities after a long hiatus during the COVID-19 public health crisis. "Some are experiencing overuse injuries, some are wearing cleats, skates, and shoes from two years ago that are now too small. As a parent myself, I keep an eye on my kids' feet and watch for unusual behavior. Sometimes children don't articulate pain the way adults do, but they might be avoiding activities or complaining of fatigue."
Podiatrists say some of the most common conditions to watch for in kids are:
- Apophysitis—If a young athlete complains of persistent heel pain, it's time to see a podiatrist. Calcaneal apophysitis, or Sever's Disease, is the most common cause of heel pain in children, especially preteens. The growth plate in the heel bone can become inflamed due to overuse in kids who play sports such as basketball and soccer.
- Fractures/Injuries—If a child has suffered a foot or ankle injury, a podiatrist is a great alternative to crowded ERs and urgent care facilities. Most offices hold spots for emergencies, and a podiatrist is specifically trained to treat the foot and ankle, from fractures to sprains.
- Ingrown toenails—Usually, toenails grow straight out. Sometimes, however, one or both corners or sides curve and grow into the flesh, causing redness and irritation. Shoe pressure can contribute to this problem, so parents should be sure children are wearing properly fitted shoes. Ingrown nails can become seriously infected if left untreated, and antibiotics alone are not a cure. A podiatrist can correct the problem with a minor procedure.
- Warts—Kids are susceptible to all sorts of viruses—including the highly contagious virus that causes warts. This virus thrives in warm, moist environments, like pool decks at camp or inside sweaty shoes. Warts are not serious but can become uncomfortable or even painful for kids. Parents should avoid home treatments that may contain harmful ingredients and schedule a visit with a podiatric physician for proper diagnosis and treatment.
Podiatrists treat these and many other conditions in children and can often provide quick relief of pain. Podiatrists provide conservative care and perform surgery to help get kids back in their game. To learn more, visit www.apma.org/keepkidsactive.
The American Podiatric Medical Association (APMA) is the nation's leading professional organization for today's podiatrist. Doctors of Podiatric Medicine (DPMs) are qualified by their education, training, and experience to diagnose and treat conditions affecting the foot, ankle, and structures of the leg. APMA has 53 component organizations across the United States and its territories, with a membership of more than 12,500 podiatrists. All practicing APMA members are licensed by the state in which they practice. For more information, visit www.apma.org.
Contact:
Peggy Tresky
ptresky@apma.org
301-581-9225
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SOURCE American Podiatric Medical Association | https://www.kxii.com/prnewswire/2022/04/05/todays-podiatrist-keeps-kids-active/ | 2022-04-05T14:30:44Z |
BEVERLY, Mass., Aug. 15, 2022 /PRNewswire/ -- Brookwood Financial Partners, LLC ("Brookwood"), a nationally recognized private equity real estate investment firm, is pleased to announce that Greg Papazian has been promoted to the newly created position of Chief Investor Relations Officer and Director of Sales. In these capacities, Mr. Papazian will direct all institutional and retail equity offerings, lead the sales team at Brookwood Securities Partners, LLC, Brookwood's wholly owned broker-dealer and direct Brookwood's investor relations department.
Founded in 1993, Brookwood specializes in acquiring and managing value-add commercial real estate and other real estate-related operating businesses. Since its inception. Brookwood has invested over $1.7 billion of equity to acquire and manage a portfolio of 202 commercial real estate properties, seven operating companies, and more than 460 gas stations with convenience stores, collectively representing a total capitalization of over $4.2 billion. Brookwood's portfolio has spanned multiple asset classes, geographical markets, and industries throughout the United States.
The Brookwood Securities sales team is headquartered on the North Shore of Boston and has affiliated offices in Pittsburgh, PA, and Fairfax, VA. It serves as the primary point of contact for all of Brookwood's investors. "Greg has been with us since the very beginning and has proven himself to be a loyal and dedicated member of the firm's senior management team and an integral part of Brookwood's growth and success," said Tom Trkla, Brookwood's Founder, Chairman, and Chief Executive Officer. "Greg is well respected by his partners, colleagues, and clients for his outstanding investor service, fundraising success, integrity, and depth of experience. For over 29 years, he has been and remains a tremendous asset for our firm. I am honored to present Greg with this well-deserved promotion, and it is a great personal pleasure to publicly recognize his loyalty, hard work, and tremendous successes."
"Over the course of his significant tenure at Brookwood, Greg has been intimately involved with the review and evaluation of our investments," said Kurt Zernich, Senior Advisor to Brookwood. "The conscientious, transparent, and efficient manner with which he has developed and maintained Brookwood's relationships with our clients, prove that this a well-earned and deserved promotion."
Mr. Papazian is a Partner of Brookwood and, prior to his promotion, was a Managing Director and Director of Retail Sales for Brookwood Securities. Mr. Papazian also serves as a member of Brookwood's Executive and Investment Committees. Prior to joining Brookwood Securities, Mr. Papazian was employed by Winthrop Securities Co., Inc. ("Winthrop Securities"). Before joining Winthrop Securities, he was a regional manager for a division of Allied-Signal, Inc. Mr. Papazian is a licensed real estate broker in the Commonwealth of Massachusetts and the Commonwealth of Pennsylvania and has extensive experience in commercial real estate sales and leasing. Mr. Papazian holds Series 7, Series 22, Series 24, and Series 63 FINRA licenses.
Mr. Papazian is a graduate of the University of Massachusetts at Amherst. In 2018, he completed the Oxford Strategic Leadership Programme at the University of Oxford's Saïd Business School.
About Brookwood Financial Partners, LLC – Brookwood is a private equity investment firm that specializes in acquiring and managing commercial real estate and real-estate related operating businesses on behalf of its investors, which include Wall Street investment banks, sovereign wealth funds, college endowments, public and private pension funds, family offices, and high net worth individuals. Since its founding in 1993, Brookwood has invested over $1.7 billion of equity to acquire a portfolio of over 202 commercial real estate properties, seven operating companies, and 451 gas stations and convenience stores. Its $4.2 billion historical portfolio has spanned multiple asset classes, geographical markets, and industries across the United States. To find out more about Brookwood, visit www.brookwoodfinancial.com
Media Contact:
Erin Vadala, Warner Communications
(978) 468-3076; erin@warnerpr.com
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SOURCE Brookwood Financial Partners, LLC | https://www.wibw.com/prnewswire/2022/08/15/greg-papazian-promoted-chief-investor-relations-officer-director-sales/ | 2022-08-15T14:19:36Z |
The Mexican-inspired cocktail brand is giving away free mariachi performances to ten lucky winners across the US
CHICAGO, Aug. 15, 2022 /PRNewswire/ -- This Hispanic Heritage Month (September 15 - October 15), Sauza® Agave Cocktails is looking to encourage people to get busy living by spending valuable time with family and friends over flavorful drinks and music. To honor Sauza's Mexican heritage and Jalisco roots, Sauza Agave Cocktails is giving ten lucky winners a free mariachi booking during Hispanic Heritage Month through its Que Viva el Mariachi (or Long Live Mariachi) contest.
Sauza Agave Cocktail fans in big cities across the country – Chicago, Dallas, Los Angeles, Miami and New York City – can visit www.sauzaagavecocktailsmariachi.splashthat.com between August 17 - August 26 to enter to win a two-hour mariachi booking during Hispanic Heritage Month, along with a branded cooler and a $100 gift card. To submit, applicants will be asked to explain how and why they would like to celebrate Hispanic Heritage Month with a mariachi band and enjoy the performance with family and friends. The contest will be open to residents of participating cities who are 21 years of age or older and prize redemption must be within city limits on assigned date and time. Alcohol will not be awarded as part of the prize.
"Sauza took inspiration from its Mexican heritage to craft these bold, indulgent cocktails meant to be enjoyed with family and friends" said Stephanie Kang, Senior Director of RTD Strategic Ventures at Beam Suntory. "The Que Viva el Mariachi contest allows us to showcase Sauza's Mexican heritage in a new way, a way that inspires everyone to enjoy delicious drinks along with music that is emblematic of the rich Mexican culture."
Sauza introduced the newly released canned cocktails this spring in partnership with Boston Beer Company. Crafted with agave nectar and real fruit flavor, Sauza Agave Cocktails boast bold flavors in four varieties inspired by the tastes of Mexico: Lime Crush, Tropical Twist Strawberry Breeze and Black Cherry Smash. These are the perfect complement to listening to mariachi music with friends and family.
For more information about the contest and Sauza Agave Cocktails, follow the brand on Twitter, Instagram and Facebook, or visit www.sauzatequila.com.
NO PURCHASE NECESSARY. Must be 21 years or older and a legal resident of Chicago, Illinois, Los Angeles, California, Dallas, Texas, Miami, Florida or New York City, New York to enter. Void outside Chicago, Illinois, Los Angeles, California, Dallas, Texas, Miami, Florida, New York City, New York and where prohibited. Contest begins August 17, 2022 and ends August 26, 2022. You may enter online by accessing www.sauzaagavecocktailsmariachi.splashthat.com and completing all required information on the entry page. To view our Privacy Policy, visit https://www.beamsuntory.com/en/privacy-policy. FOR OFFICIAL RULES GO TO https://bit.ly/sauzaagavemariachirules.
As part of one of the largest tequila houses, Sauza® Tequila has been at the forefront of pioneering tequila and a true champion of Mexican culture and its people since 1873. Each bottle of Sauza® Tequila is carefully crafted with the freshest blue weber agave from the storied "La Perseverancia" distillery in Jalisco, Mexico using a process deeply rooted in tradition. Built on the spirit of connections, Sauza® believes that something extraordinary happens when people come together. Sauza® offers a full line of refreshingly real tequila including Sauza® Hacienda Silver, Sauza® Hacienda Gold, Sauza® Conmemorativo Añejo, and ready-to-drink Sauza Agave Cocktails.
As a world leader in premium spirits, Beam Suntory inspires human connections. Consumers from all corners of the globe call for the company's brands, including the iconic Jim Beam® and Maker's Mark® bourbon brands and Courvoisier® cognac, as well as world renowned premium brands including Basil Hayden®, Knob Creek®, and Legent™ bourbon; Yamazaki®, Hakushu®, Hibiki® and Toki™ Japanese whisky; Teacher's, Laphroaig® and Bowmore® Scotch whisky; Canadian Club® whisky; Hornitos® and Sauza® tequila; EFFEN®, Haku® and Pinnacle® vodka; Sipsmith® and Roku™ gin; and On The Rocks Premium Cocktails.
Beam Suntory was created in 2014 by combining the world leader in bourbon and the pioneer in Japanese whisky to form a new company with a deep heritage, passion for quality, innovative spirit and vision of Growing for Good. Headquartered in Chicago, Illinois, Beam Suntory is a subsidiary of Suntory Holdings Limited of Japan. For more information on Beam Suntory, its brands, and its commitment to social responsibility, please visit www.beamsuntory.com and www.drinksmart.com.
The Boston Beer Company, Inc. (NYSE: SAM) began in 1984 brewing Samuel Adams beer and the Samuel Adams brand is currently recognized as one of the largest and most respected craft beer brands. Our portfolio of brands also includes Truly Hard Seltzer, Twisted Tea, Angry Orchard Hard Cider, Dogfish Head Brewery and Bevy Long Drink as well as other craft beer brands such as Angel City Brewery and Coney Island Brewing. For more information, please visit our investor relations website at www.bostonbeer.com, which includes links to all of our respective brand websites.
Drink Smart®
Sauza® Agave Cocktails, Premium Malt Beverage with Natural Flavors, 8% alc./vol. ©2022 Sauza Tequila Import Company, Chicago, IL
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SOURCE Sauza Agave Cocktails | https://www.mysuncoast.com/prnewswire/2022/08/15/sauza-agave-cocktails-launches-its-que-viva-el-mariachi-contest-celebration-hispanic-heritage-month/ | 2022-08-15T15:58:10Z |
-- Nearly 1 in 3 adolescents reported elevated symptoms of depression in the first four weeks after concussion—
PHILADELPHIA, Aug. 31, 2022 /PRNewswire/ -- Researchers from Children's Hospital of Philadelphia (CHOP) and the University of Pennsylvania School of Nursing (Penn Nursing) have shown that adolescents reported elevated depressive symptoms in the period immediately following a concussion. The findings, which were recently published online in the journal Sports Health, underscore the need for more comprehensive screening when caring for adolescents who suffer a concussion.
Concussions are already a growing public health concern, and evidence suggests that concussed patients are at an increased risk of various psychiatric effects. However, most studies have looked at an adult population, and relatively few have examined how concussions affect the mental health of adolescents. Poor mental health can negatively impact recovery from a concussion, and since nearly one in four teens has suffered at least one concussion, properly identifying psychiatric concerns is critical in order to get adolescents back on track.
Researchers from CHOP and Penn Nursing conducted a prospective study to assess mental health symptoms within the first 28 days after the injury and compare their results with non-concussed adolescents. By doing this, the study could focus on whether early screening can detect symptoms of depression or anxiety early on so that symptoms can be identified and treated earlier, preventing long-term consequences.
"Our study found that a meaningful number of kids report depressive symptoms when we screened for them within the first month of a concussion injury," said senior study author Catherine McDonald, PhD, RN, FAAN, a Senior Fellow with CHOP's Center for Injury Research and Prevention (CIRP) and an Associate Professor of Nursing in the Department of Family and Community Health at Penn Nursing. "It is important that frontline providers regularly screen for depression as a component of concussion care."
The researchers recruited 111 concussed and 171 non-concussed adolescents ages 13 to 18 years old. Participants completed assessments for depression and anxiety from the Patient-Reported Outcome Measurement Information System (PROMIS). The concussed cohort included patients who presented with a concussion diagnosis within 28 days of injury to CHOP Minds Matter Concussion Program clinic. Non-concussed participants were volunteers from a private suburban high school.
In initial analyses, the proportion of concussed adolescents above normal limits for depressive symptoms was greater than in the non-concussed groups. In addition, more than 30% of the concussed adolescents were above normal limits for depressive or anxiety symptoms.
"Most patients are remarkably resilient and cope very well after a concussion, but this study demonstrated that about a third of patients will experience mental health needs after their injury, which is why it's so important for them to have access to comprehensive care, including behavioral health support, as soon as a need is identified," said study co-author Jamie Shoop, PhD, a psychologist in the Minds Matter Concussion Program. "By getting the support they need as early as possible, they can avoid some of these symptoms before they become more problematic."
This work was supported by the Pennsylvania Department of Health and National Institute of Neurological Disorders and Stroke of the National Institutes of Health under grant R01NS097549.
Fish et al, "Comparison of Anxiety and Depression Symptoms in Concussed and Nonconcussed Adolescents." Sports Health. Published online 2022 August 2. DOI: 10.1177/19417381221113840.
About Children's Hospital of Philadelphia: A non-profit, charitable organization, Children's Hospital of Philadelphia was founded in 1855 as the nation's first pediatric hospital. Through its long-standing commitment to providing exceptional patient care, training new generations of pediatric healthcare professionals, and pioneering major research initiatives, the 595-bed hospital has fostered many discoveries that have benefited children worldwide. Its pediatric research program is among the largest in the country. The institution has a well-established history of providing advanced pediatric care close to home through its CHOP Care Network, which includes more than 50 primary care practices, specialty care and surgical centers, urgent care centers, and community hospital alliances throughout Pennsylvania and New Jersey, as well as a new inpatient hospital with a dedicated pediatric emergency department in King of Prussia. In addition, its unique family-centered care and public service programs have brought Children's Hospital of Philadelphia recognition as a leading advocate for children and adolescents. For more information, visit http://www.chop.edu.
The University of Pennsylvania School of Nursing is one of the world's leading schools of nursing. For the seventh year in a row, it is ranked the #1 nursing school in the world by QS University. In a first for any undergraduate Bachelor of Science in Nursing (BSN) program in the country, our BSN program is ranked # 1 in the 2022 U.S. News & World Report's Best Colleges rankings. Penn Nursing is also consistently ranked highly in the U.S. News & World Report annual list of best graduate schools and is ranked as one of the top schools of nursing in funding from the National Institutes of Health. Penn Nursing prepares nurse scientists and nurse leaders to meet the health needs of a global society through innovation in research, education, and practice. Follow Penn Nursing on: Facebook, Twitter, LinkedIn, & Instagram.
Contact: Ben Leach
Children's Hospital of Philadelphia
(609) 634-7906
Leachb@email.chop.edu
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SOURCE Children's Hospital of Philadelphia | https://www.kxii.com/prnewswire/2022/08/31/adolescents-face-risk-depressive-symptoms-immediately-following-concussion/ | 2022-08-31T15:13:06Z |
Biden taking ‘hard look’ at student loan forgiveness
WASHINGTON (AP) — President Joe Biden said Thursday that he’s “taking a hard look” at canceling additional federal student loan debt and will reach a decision within a month.
“I am considering dealing with some debt reduction,” Biden told reporters in the Roosevelt Room at the White House.
The comments came days after Biden had a private meeting with Democratic lawmakers who pressed him on the issue. One of the lawmakers, Rep. Tony Cardenas, D-Calif., said afterwards that Biden disclosed he was exploring the possibility.
However, Biden signaled in his Thursday remarks that he wouldn’t go as far as some activists want, saying $50,000 in debt forgiveness was not under consideration. He did not give a number for what he was considering.
“I’m in the process of taking a hard look at whether or not there will be additional debt forgiveness,” he said. “And I’ll have an answer on that in the next couple of weeks.”
During his campaign, Biden said he wanted to “immediately cancel” at least $10,000 in student debt per person. So far he’s repeatedly extended a pause on requiring borrowers to repay their loans, a moratorium that was put in place under then-President Donald Trump near the beginning of the COVID-19 pandemic.
Although activists have been encouraged by their increasing traction on this issue, some said they were concerned that Biden wouldn’t go far enough.
“President Biden, we agree that we shouldn’t cancel $50,000 in student loan debt. We should cancel all of it,” said Wisdom Cole, national director of the NAACP Youth & College Division. “$50,000 was just the bottom line.”
White House press secretary Jen Psaki said Thursday that Biden was still considering whether to tie debt relief to borrowers’ income levels, an idea he’s floated in the past. She said it’s “certainly something he would be looking at.”
She rejected criticism from Sen. Mitt Romney, R-Utah, and others that debt relief amounts to a political giveaway.
Biden’s goal, Psaki said, is to “continue to provide relief to people who need it most, to help people get some extra breathing room.”
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/04/28/biden-taking-hard-look-student-loan-forgiveness/ | 2022-04-28T21:08:53Z |
Repeated economic distress causes millennials to make estate plans sooner, including directives for pet care and charity donations after death.
PLEASANTON, Calif., Sept. 13, 2022 /PRNewswire/ -- The estate planning experts behind Nolo's Quicken WillMaker & Trust have identified new insights about what motivates young people to create wills and what unique concerns they have when making their estate plans.
It's no secret that the younger population is the least likely to complete an estate plan. According to Nolo's research, millennials are the largest age group of the U.S. population — comprising 22% — and most of them do not have wills.
There are a variety of factors that contribute to the younger population's lack of estate plans. The most significant is the perception that young people do not need end of life planning unless they have children or a lot of money.
In fact, Nolo research found that 51% of American adults with a yearly household income between $40,000 and $90,000 do not have a will. Further, in a survey of individuals who have estate plans, 34% of people said they did not have a will until they had a child.
"Many people believe that if they don't have a lot of assets or if they're young, they don't need a will," said Betsy Simmons Hannibal, a Senior Legal Editor at Nolo who specializes in estate planning. "But that's not the case. It's important for everyone to have a legal plan in place that spells out their wishes.
"With WillMaker, people can create wills, living trusts, powers of attorney, and other important documents at a low cost, and without the need for an attorney," Hannibal added. "WillMaker users enjoy immediate, online access to easy-to-use software that helps them create customized estate plans from home."
Millennials may, however, be on track to put together estate plans earlier than previous generations. Many millennials have already experienced several significant financial challenges, including repercussions from 9/11, the Great Recession in 2008, crushing student loan debt and the COVID-19 pandemic. As a result, millennials may be the first in many generations to be financially worse off than their parents.
"Due to the economic challenges that they have experienced, millennials have a heightened concern about the future and have become keen planners for later life events, such as their children's college education and retirement," Hannibal said. "So, it makes sense that millennials are starting to make end-of-life plans much earlier than previous generations."
In addition to the typical reasons to create an estate plan — including the ability to name executors, direct assets, name financial agents, lay out wishes for health care and decide who will care for children after a parent's death — emerging trends show that millennials have additional unique goals for their end-of-life planning.
Around 32% of millennials are pet owners, and of those pet owners who have wills, 77% designate someone in their will to act as a pet guardian in the event of their death.
In its 2022 Giving Report, Fidelity Charitable states that nearly three-quarters of millennials (74%) consider themselves philanthropists. That designation is reflected in millennials' wills as more individuals are choosing to leave money to a charity.
Top charities named in millennials' wills include St. Jude Children's Research Hospital, Planned Parenthood, Girl Scouts of the USA, Alzheimer's Association, World Wide Fund for Nature and The Trevor Project.
The pandemic triggered 32% of U.S. adults under the age of 35 to write a will. Of that population, 21% of individuals ages 18 to 35 drafted a will specifically because someone close to them contracted COVID-19. In fact, sales for Nolo's Quicken WillMaker nearly doubled from 2019 to 2020.
"My parents died from COVID-19 and it was really difficult to handle their estate after their death because they didn't have a solid estate plan," a new WillMaker customer shared with Nolo. "After that experience, there was family pressure to draft my own."
Nolo's Quicken WillMaker & Trust 2023 is available now in downloadable and cloud-based versions.
Nolo's Quicken WillMaker & Trust helps people create an estate plan from home. Customers can make wills, trusts, powers of attorney, transfer on death deeds, living wills and other important documents for everyone in their immediate family at a low cost. Nolo's expert attorneys continuously update WillMaker to meet the laws of each state.
Nolo offers thousands of do-it-yourself products, including legal forms, online documents, books and ebooks, and software to help individuals handle legal issues themselves, without the need for an attorney. With Nolo products, individuals can generate a customized estate plan, file for divorce or create an LLC in just minutes. Nolo's products are in plain English, easy to use, and created and updated by attorneys and legal editors.
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SOURCE Nolo | https://www.wibw.com/prnewswire/2022/09/13/new-nolo-quicken-willmaker-research-reveals-why-millennials-are-drafting-estate-plans-much-earlier-than-previous-generations/ | 2022-09-13T13:09:50Z |
Handwriting Without Tears Print and Digital Solution is Proven to be an Effective Program for Handwriting Fluency.
NEW ORLEANS, June 29, 2022 /PRNewswire/ -- At ISTELive 22, Education's leading technology conference underway in New Orleans, early childhood education leader Learning Without Tears today announced that its flagship product, Handwriting Without Tears, achieved ESSA Tier 2-Level evidence in a study conducted by Johns Hopkins University School of Education's Center for Research & Reform in Education. This coveted Tier 2 efficacy rating allows schools across the country to meet requirements for ESSA funding of classroom curriculum.
"With its focus on effective technology in education, ISTE is the right place for us to share this news. It is gratifying to see Handwriting Without Tears print and digital solution meets the Tier 2-level efficacy designation," explained company CEO Terry Nealon. "We know from teachers, families, and students that Handwriting without Tears is a highly effective learning program – and now we have additional hard evidence from the independent and prestigious Johns Hopkins University that studied the effectiveness of our complete curriculum. This is very important for schools across the country, since Tier 2-level evidence can be a requirement for ESSA funding."
"Schools are looking for evidenced-based research," said Deborah King, Director of Research at Learning Without Tears. "Teachers want to know what works best, when it comes to the effectiveness of classroom curriculum and instruction. The conclusion of the research by Johns Hopkins University makes it clear that students using Handwriting Without Tears will be successful writers and build a strong foundation for literacy success in the future. The rigor used in this study, backed by Johns Hopkins University's reputation and independence, means that educators can respect the results and should see similar success when they bring Handwriting Without Tears into their own classrooms. This isn't guesswork; this is hard data of a highly positive outcome."
ESSA – The Every Student Succeeds Act - is a US law passed in December 2015 that governs the United States K–12 public education policy. The law replaced its predecessor, the No Child Left Behind Act, and modified provisions relating to the tests given to students and the required effectiveness of classroom materials. With this Tier 2-level designation, Handwriting Without Tears is now eligible for ESSA funding.
"Teachers are having to make up for lost in-class time," CEO Nealon continued. "Knowing which curriculum has been proven to work by independent researchers is a critical step in bringing effective learning products to the greatest number of students. With its Tier 2-level evidence rating, Handwriting Without Tears meets the rigorous efficacy requirements for schools to access ESSA funding sources. Teachers can have strong confidence that Handwriting Without Tears will help their students master handwriting, a crucial skill for literacy success."
Handwriting Without Tears is the flagship product of Learning Without Tears.
Learning Without Tears is a leading early education company offering a proven and unique approach to teaching and learning, from crucial readiness skills in Pre-K to foundational writing and typing skills, including handwriting, keyboarding and cursive. The elementary school-level programs benefit all learners with multisensory, developmentally appropriate, proven practices, and are used by millions of students around the world. Learning Without Tears professional development programs deliver early education expertise to thousands of teachers, tutors, and occupational therapists in the US and across the globe.
Details from the research will be released in the coming days, but Johns Hopkins University School of Education's Center for Research & Reform in Education provided the following abstract to explain its findings:
In a study consisting of 804 grades K-2 students across 10 elementary schools in two districts, students who used Handwriting Without Tears (HWT) significantly outscored comparison students, who did not use HWT, on the Screener of Handwriting Proficiency. Subgroup analyses revealed that positive HWT impacts were found for Grade 1 students and students with reported IEPs. In addition, teacher perceptions of the HWT program were positive, with more than 80% of teachers agreeing they would like to use the program again next year.
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SOURCE Learning Without Tears | https://www.wibw.com/prnewswire/2022/06/29/handwriting-without-tears-learning-without-tears-flagship-product-achieves-essa-tier-2-evidence/ | 2022-06-29T22:45:18Z |
Last year, the U.S. branch of the Jesuits pledged to raise $100 million for a reconciliation initiative in partnership with descendants of people once enslaved by the Catholic order. On Tuesday, a leader of those descendants expressed deep dissatisfaction with the order’s lack of progress since then.
Joseph Stewart, in a publicly released letter to the head of the order, contends the Jesuits have failed to uphold their side of the partnership with the urgency the circumstances demand. Stewart and other descendants are the progeny of 272 enslaved men, women and children sold in 1838 by the Jesuit owners of Georgetown University to Louisiana plantation owners to pay off the school’s debts.
The Jesuits “are in a state of disillusionment,” Stewart wrote, warning of the possible disintegration of the partnership between the Jesuit Conference of Canada and the United States, and the GU272 Descendants Association, which represents those whose ancestors were sold.
If the partnership falls apart, “the Jesuits leaders of today will effectively betray Descendants today just as the Jesuits of the past betrayed our ancestors,” Stewart wrote. “Jesuits will attempt to put Reconciliation back on the shelf for another 200 years as voices for ‘reparation’ get stronger and stronger and louder and louder.”
Their partnership and joint creation of the Descendants Truth & Reconciliation Foundation was announced in March 2021. The Jesuits pledged to raise $100 million within five years with a broader goal of reaching $1 billion from an array of donors. The money would pay for educational opportunities for current and future descendants, and the foundation would oversee fundraising and grant allocation.
In his letter to the international religious order’s leader, the Rev. Arturo Sosa, Stewart called on the Jesuits to act urgently and fund the descendants’ trust so racial reconciliation grants, scholarships and care for the elderly could move forward.
Stewart suggested the funding delay has been caused by the Jesuits’ reluctance to move about $57 million in proceeds from 2009 plantation land sales into the trust. In his letter to Sosa, he urged the sale of remaining plantation lands and depositing those proceeds by Christmas. Stewart also laid out an incremental, multiyear funding timeline that starts with a $100 million deposit by July 2023 and finishes with a $1 billion addition by July 2029.
“Fundraising alone has not produced sufficient resources to make the foundation effective and to begin delivering on the promise,” Stewart told The Associated Press. “It has not derailed the initiative, but it’s just going too slow. We need to accelerate it.”
The Jesuit USA East Province has hired two firms to help sell the remaining Jesuit-owned land with proceeds going entirely to the descendants trust, the East Province said in a statement Monday.
It also is in discussions about how the province can use the proceeds from the 2009 sale of the Maryland plantation to benefit the descendants trust, but one province or conference cannot make a unilateral decision for the order, the statement said. Some of that $57 million was used to build a retirement center and supplement a fund that helps African American students attending Jesuit schools, with the remaining money being deposited into the Jesuit aged and infirm trust.
The Rev. Timothy Kesicki, the chair of the descendants’ trust and past president of the Jesuit conference, said the process of transferring funds from the land sale to the trust is already in motion, but it is complex and “the pace of the fundraising has been rough.” He added that the process is so new to all involved.
“How this foundation will operate is still in question. There is still a lot of work we’re doing to bring this vision to a broader community,” Kesicki said. “I’m not surprised by a slow start. But we are committed to seeing it through to the finish line.”
The Jesuits are still on track to transfer $100 million into the the trust within three to five years of their March 2021 announcement, he said. Kesicki is seeking grants to bring in more people and money to accomplish those goals.
In 2017, he delivered an apology to the descendants of the 272 enslaved people who were sold by the university’s Jesuit owners. Stewart would like Pope Francis to make a similar apology. In his letter to Sosa, he asked after his April invitation for Francis to visit with the descendants.
It would be a deeply meaningful papal act, said Stewart, who spoke of the hurt he personally endured as a devout Catholic whose ancestors were enslaved by the church he holds dear.
“It all starts with admitting the wrong,” he said. “But if you apologize and walk away, there is no value to it. It has to be stepping off point to make change that uplifts lives.”
___
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/news/u-s-news/ap-us-headlines/lag-in-slavery-reparations-from-us-jesuits-irks-descendants/ | 2022-08-16T16:10:16Z |
PHOTOS: Farmer sets new record with 2,147-pound pumpkin at state fair
Published: Aug. 30, 2022 at 6:25 PM CDT|Updated: 35 minutes ago
PALMER, Alaska (KTUU/Gray News) - A farmer in Alaska recently won the giant pumpkin weigh-off at a popular state fair, setting a new record in the process.
KTUU reports Anchorage farmer Dale Marshall set a record for the largest pumpkin in state history with a 2,147-pound giant pumpkin at the Alaska State Fair.
Officials with the fair said Marshall broke his own state record that was previously set in 2019 with a 2,051-pound pumpkin and took home the pumpkin title last year with a 1,603-pound pumpkin.
Copyright 2022 KTUU via Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/08/30/photos-farmer-sets-new-record-with-2147-pound-pumpkin-state-fair/ | 2022-08-31T00:02:02Z |
HAMILTON, Bermuda, Aug. 24, 2022 /PRNewswire/ -- Höegh LNG Partners LP (NYSE: HMLP) (the "Partnership") today reported its financial results for the quarter ended June 30, 2022.
Highlights
- 100% availability of FSRUs for the second quarter of 2022
- Reported total time charter revenues of $36.9 million for the second quarter of 2022 compared to $34.7 million of time charter revenues for the second quarter of 2021
- Generated operating income of $22.3 million, net income of $13.1 million and limited partners' interest in net income of $9.2 million for the second quarter of 2022 compared to operating income of $24.1 million, net income of $2.6 million and limited partners' interest in net loss of $1.2 million for the second quarter of 2021
- Operating income, net income and limited partners' interest in net income (loss) were impacted by unrealized gains on derivative instruments for the second quarter of 2022 and 2021, mainly on the Partnership's share of equity in earnings of joint ventures
- On August 12, 2022, paid a cash distribution of $0.01 per common unit with respect to the second quarter of 2022
- On August 15, 2022, paid a cash distribution of $0.546875 per 8.75% Series A cumulative redeemable preferred unit ("Series A preferred unit"), for the period commencing on May 16, 2022 to August 14, 2022
- On May 25, 2022, the Partnership entered into a definitive merger agreement with Höegh LNG Holdings Ltd. ("Höegh LNG") pursuant to which Höegh LNG will acquire, for cash, all of the outstanding publicly held common units of the Partnership, at a price of $9.25 per common unit for a total purchase price of approximately $167.6 million. In connection with the transaction, the Partnership's incentive distribution rights will be cancelled. The Series A preferred units will remain outstanding. In connection with the transaction, the board of directors of the Partnership (the "Board of Directors") directed the conflicts committee of the Board of Directors, comprised solely of directors unaffiliated with Höegh LNG (the "Conflicts Committee"), to consider Höegh LNG's offer. The Conflicts Committee approved the merger agreement and determined that the merger agreement and the transactions contemplated thereby are in the best interests of the Partnership and the holders of the Partnership's common units unaffiliated with Höegh LNG. Based on the recommendation of the Conflicts Committee, the Board of Directors unanimously approved the merger agreement and recommended that the Partnership's common unitholders approve the merger. The merger is subject to approval of the merger agreement and the transactions contemplated thereby by a majority of the outstanding common units of the Partnership and certain regulatory filings and customary closing conditions. Höegh LNG owns 45.7% of the common units and has entered into a support agreement with the Partnership committing to vote its common units in favor of the merger. The Partnership has established a record date of August 22, 2022 for a special meeting of the holders of common units to take place on September 20, 2022 to vote on the proposed merger. Assuming the merger is approved by the unitholders, it is expected to close by the end of the third quarter.
- On June 1, 2022, the SRV Joint Gas Two Ltd, a joint venture owned 50% by the Partnership, and the owner of the Cape Ann, closed the refinancing of the Cape Ann debt facility (the "New Cape Ann Facility") which has an initial loan amount of $154.1 million and which is scheduled to be fully amortized with quarterly debt service over a period of 8 years based on an annuity repayment profile. The New Cape Ann Facility replaces the balloon amount of $169 million that was repaid under the previous debt facility secured by the Cape Ann. The difference in the loan amount was mainly financed by cash held by SRV Joint Gas Two Ltd and subordinated shareholder loans from the shareholders, including a new subordinated shareholder loan of $1.2 million from the Partnership. The New Cape Ann Facility bears interest at a rate equal to three months LIBOR plus a margin of 1.75%. The interest rate swaps entered into under the previous Cape Ann debt facility have a remaining tenor of 8 years and have been novated from the previous group of swap providers to the new lenders and restructured to match the New Cape Ann Facility's loan amount and amortization plan. The interest rate swaps are not reflected in the above-mentioned interest rate for the New Cape Ann Facility.
Financial Results Overview
For the three months ended June 30, 2022, each of the Partnership's FSRUs have had 100% availability. The Partnership has mitigated the risk of an outbreak of COVID‑19 on board its vessels by extending time between crew rotations on the vessels and developing mitigating actions for crew rotations. The Partnership has fulfilled its obligations under its time charter contracts, and did not experience any off-hire for its FSRUs for the three months ended June 30, 2022.
Total time charter revenues for the three months ended June 30, 2022 were $36.9 million, an increase of $2.2 from $34.7 million for the three months ended June 30, 2021.
Total operating expenses for the three months ended June 30, 2022 were $19.2 million, an increase of $5.3 million from $13.9 million for the three months ended June 30, 2021. The increase is principally due to higher vessel operating expenses and administrative expenses for the three months ended June 30, 2022, compared with the three months ended June 30, 2021.
The increase in vessel operating expenses is mainly related to certain modification costs for the Höegh Gallant. The increase in administrative expenses is mainly related to additional cost from external financial advisory fees, legal fees and audit fees, including certain expenses incurred in relation to the merger agreement with Höegh LNG announced on May 25, 2022.
Equity in earnings of joint ventures for the three months ended June 30, 2022 was $4.5 million, an increase of $1.2 million from equity in earnings of joint ventures of $3.3 million for the three months ended June 30, 2021. The joint ventures own the Neptune and the Cape Ann. Unrealized gains on derivative instruments in the Partnership's joint ventures impacted the equity in earnings of joint ventures for the three months ended June 30, 2022 and 2021.
The joint ventures have previously not applied hedge accounting for interest rate swaps, and all changes in fair value have been included in equity in earnings (losses) of joint ventures. After the refinancing of the New Neptune Facility on November 30, 2021, hedge accounting is applied for the Neptune. After the refinancing of the New Cape Ann Facility on June 1, 2022, hedge accounting is also applied for the Cape Ann. Excluding the unrealized gains on derivative instruments for the three months ended June 30, 2022 and 2021, the equity in earnings of joint ventures would have been $3.7 million for the three months ended June 30, 2022, an increase of $0.5 million from $3.2 million for the three months ended June 30, 2021. Excluding the unrealized gains on derivative instruments for the three months ended June 30, 2022 and 2021, the increase was mainly due to higher time charter revenue partially offset by higher operating expenses and financial expenses for the three months ended June 30, 2022, compared to those for the three months ended June 30, 2021. The Partnership's share of its joint ventures' operating income was $5.6 million for the three months ended June 30, 2022 compared to $6.0 million for the three months ended June 30, 2021.
Segment EBITDA1 for the three months ended June 30, 2022 was $31.0 million, a decrease of $3.3 million from $34.3 million for the three months ended June 30, 2021.
Operating income for the three months ended June 30, 2022 was $22.3 million, a decrease of $1.8 million from operating income of $24.1 million for the three months ended June 30, 2021. Excluding the impact of the unrealized gains on derivatives impacting the equity in earnings of joint ventures for the three months ended June 30, 2022 and 2021, operating income for the three months ended June 30, 2022 would have been $21.5 million, a decrease of $2.5 million from $24.0 million for the three months ended June 30, 2021. The decrease is primarily due to higher operating expenses and administrative expenses partially offset by higher time charter revenues.
Total financial expense, net for the three months ended June 30, 2022 was $5.8 million, a decrease of $4.4 million from $10.2 million for the three months ended June 30, 2021. Interest expense decreased by $4.3 million for the three months ended June 30, 2022 compared with the three months ended June 30, 2021. Interest expense consists of the interest incurred, amortization and gain (loss) on cash flow hedges, commitment fees and amortization of debt issuance costs for the period. The decrease of $4.3 million in interest expense in the second quarter of 2022 compared to the second quarter of 2021 was principally due to the amortization of all debt issuance costs on the new Lampung debt facility which has been entered into, but not successfully completed by June 30, 2021, and the repayment of outstanding loan balances for the facility financing the PGN FSRU Lampung ("Lampung facility") and the commercial and export tranche of the $385 million facility financing the Höegh Gallant and the Höegh Grace (the "$385 million facility").
The Partnership reported net income of $13.1 million for the three months ended June 30, 2022, an increase of $10.5 million from net income of $2.6 million for the three months ended June 30, 2021. Net income was impacted by unrealized gains on derivative instruments for the second quarter of 2022 and 2021, mainly included in the Partnership's share of equity in earnings of joint ventures.
Excluding all of the unrealized gains (losses) on derivative instruments, net income for the three months ended June 30, 2022 would have been $12.3 million, an increase of $9.7 million from $2.6 million for the three months ended June 30, 2021. Excluding the impact of the unrealized gains (losses) on derivatives, the increase is primarily due to an accrual for potential tax liabilities recorded in the three months ended June 30, 2021.
Preferred unitholders' interest in net income was $3.9 million for the three months ended June 30, 2022 and 2021. Limited partners' interest in net income for the three months ended June 30, 2022 was $9.2 million, an increase of $10.4 million from limited partners' interest in net loss of $1.2 million for the three months ended June 30, 2021. Excluding all of the unrealized gains on derivative instruments, limited partners' interest in net income for the three months ended June 30, 2022 would have been $8.5 million, an increase of $9.8 million from limited partners' interest in net loss of $1.3 million for the three months ended June 30, 2021.
Segment Information
The Partnership has two operating segments. The segment profit measure is Segment EBITDA, which is defined as earnings before interest, taxes, depreciation, amortization, impairment, and other financial items (gain (loss) on debt extinguishment, gain (loss) on derivative instruments and other items, net). The two segments are "Majority held FSRUs" and "Joint venture FSRUs." In addition, unallocated corporate costs, interest income from advances to joint ventures, and interest expense related to the outstanding balances on the $85 million revolving credit facility and the $385 million facility are included in "Other". For additional information on the segments, including a reconciliation of Segment EBITDA to operating income and net income for each segment, refer to the description and the tables included in "Unaudited Segment Information for the Quarters Ended June 30, 2022 and 2021" below.
Segment EBITDA for Majority held FSRUs for the three months ended June 30, 2022 was $27.7 million, an increase of $0.3 million from $27.4 million for the three months ended June 30, 2021. The increase is mainly due to increased revenue from time charters offset by an increase in administrative expenses.
Segment EBITDA for the Joint venture FSRUs for the three months ended June 30, 2022 was $8.1 million, a decrease of $0.4 million from $8.5 million for the three months ended June 30, 2021.
For Other, Segment EBITDA consists of administrative expenses. Administrative expenses for the three months ended June 30, 2022 were $4.8 million, an increase of $3.2 million from $1.6 million for the three months ended June 30, 2021. This is driven by increased external consultancy fees and audit fees.
Financing and Liquidity
As of June 30, 2022, the Partnership had cash and cash equivalents of $42.4 million. Current restricted cash for operating obligations of the PGN FSRU Lampung was $6.5 million, and long-term restricted cash required under the long-term debt facility for the Lampung facility was $11.0 million as of June 30, 2022. As of August 24, 2022, the Partnership has fully drawn on the $63 million revolving credit tranche of the $385 million facility and has an undrawn balance of $60.5 million on the $85 million revolving credit facility from Höegh LNG. As of June 30, 2022, the outstanding balance of $24.5 million on the $85 million revolving credit facility from Höegh LNG is classified as a current liability. Further drawdowns on the $85 million revolving credit facility may be subject to Höegh LNG's consent because of the notice of arbitration received from the charterer of the PGN FSRU Lampung, as described below.
As of June 30, 2022, the Partnership has no material commitments for capital expenditures. However, a scheduled drydocking for the Neptune is expected to be completed in August 2022. The joint venture has received approximately $2.4 million from its owners to finance certain expenditures which are not reimbursable by the charterer, of which the Partnership has paid approximately $1.2 million as principal on advances to the joint venture.
During the second quarter of 2022, the Partnership made quarterly repayments of $5.3 million on the Lampung facility and $6.4 million on the $385 million facility. The repayment $5.3 million on the Lampung facility includes ordinary installments of $4.5 million and additional installments of $0.8 million due to the cash sweep mechanism in the Lampung facility. Until the pending arbitration with the charterer of PGN FSRU Lampung has been terminated, cancelled or favorably resolved, no shareholder loans may be serviced and no dividends may be paid to the Partnership by the subsidiary borrowing under the Lampung facility, PT Hoegh LNG Lampung ("PT HLNG"). Furthermore, each quarter, 50% of the PGN FSRU Lampung's generated cash flow after debt service must be applied to pre-pay outstanding loan amounts under the Lampung facility, applied pro rata across the commercial and export credit tranches. The remaining 50% will be retained by PT HLNG and pledged in favour of the lenders until the pending arbitration with the charterer of the PGN FSRU Lampung has been terminated, cancelled or favorably resolved. As a consequence, no cash flow from the PGN FSRU Lampung will be available for the Partnership until the pending arbitration has been terminated, cancelled or favorably resolved. This limitation does not prohibit the Partnership from paying distributions to preferred and common unitholders.
The Partnership's book value and outstanding principal of total long-term debt were $361.0 million and $365.7 million respectively, as of June 30, 2022, including the Lampung facility, the $385 million facility and the $85 million revolving credit facility.
On July 27, 2021, the Partnership's board of directors announced a reduction in the quarterly cash distribution on its common units to $0.01 per common unit, down from a distribution of $0.44 per common unit in the first quarter of 2021, commencing with the distribution for the second quarter of 2021 and continuing in the third and fourth quarters of 2021 and the first and second quarters of 2022. The Partnership intends to use its internally generated cash flow to reduce debt levels and strengthen its balance sheet.
As of June 30, 2022, the Partnership's total current liabilities exceeded total current assets by $18.8 million. This is partly a result of the current portion of long-term debt of $43.7 million being classified as current while restricted cash of $11.0 million associated with the Lampung facility is classified as long-term. The current portion of long-term debt reflects principal payments for the next twelve months. Additionally, because the $85 million revolving credit facility from Höegh LNG matures on January 1, 2023, the outstanding balance thereunder of $24.5 million is classified as a current liability.
The current liabilities are expected to be funded, for the most part, by future cash flows from operations. The Partnership does not intend to maintain a cash balance to fund the next twelve months' net liabilities. The Partnership believes its cash flows from operations, including distributions to it from Höegh LNG Cyprus Limited, and Höegh LNG FSRU IV Ltd as payment of intercompany interest and/or intercompany debt or dividends and payments under the Suspension and Make-Whole Agreements (as defined below), will be sufficient to meet its debt amortization and working capital needs and maintain cash reserves against fluctuations in operating cash flows and pay distributions to its unitholders at its current level of distributions, for the next twelve months assuming continuing compliance with covenants under its credit facilities and assuming that the Partnership's vessels remain fully operational and that revenues are generated as per existing contractual terms.
On June 1, 2022, the SRV Joint Gas Two Ltd, a joint venture owned 50% by the Partnership, and the owner of the Cape Ann, closed the New Cape Ann Facility, which has an initial loan amount of $154.1 million and which is scheduled to be fully amortized with quarterly debt service over a period of 8 years based on an annuity repayment profile. The New Cape Ann Facility replaces the balloon amount of $169 million that was repaid under the previous debt facility secured by the Cape Ann. The difference in the loan amount was mainly financed by cash held by SRV Joint Gas Two Ltd and subordinated shareholder loans from the shareholders, including a new subordinated shareholder loan of $1.2 million from the Partnership. The New Cape Ann Facility bears interest at a rate equal to three months LIBOR plus a margin of 1.75%. The interest rate swaps entered into under the previous Cape Ann debt facility have a remaining tenor of 8 years and have been novated from the previous group of swap providers to the new lenders and restructured to match the New Cape Ann Facility's loan amount and amortization plan. The interest rate swaps are not reflected in the above-mentioned interest rate for the New Cape Ann Facility.
As of June 30, 2022, the Partnership had outstanding interest rate swap agreements for a total notional amount of $256.0 million to hedge against the floating interest rate risks of its long-term debt under the Lampung facility and the $385 million facility. The Partnership applies hedge accounting for derivative instruments related to these facilities. The Partnership receives interest based on three-month US dollar LIBOR and pays a fixed rate of 2.8% for the Lampung facility. The Partnership receives interest based on the three-month US dollar LIBOR and pays a fixed rate ranging from 2.650% to 2.941% for the $385 million facility.
The Partnership's share of the joint ventures is accounted for using the equity method. As a result, the Partnership's share of the joint ventures' cash, restricted cash, outstanding debt, interest rate swaps and other balance sheet items are reflected net on the lines "accumulated earnings in joint ventures" and "accumulated losses in joint ventures" on the consolidated balance sheet and are not included in the balance sheet figures disclosed above.
In May 2022, the Partnership paid a cash distribution of $0.3 million, or $0.01 per common unit, with respect to the first quarter of 2022.
In May 2022, the Partnership paid a cash distribution of $3.9 million, or $0.546875 per Series A preferred unit, for the period commencing on February 15, 2022 to May 15, 2022.
On August 12, 2022, the Partnership paid a cash distribution of $0.3 million, or $0.01 per common unit, with respect to the second quarter of 2022.
On August 15, 2022, the Partnership paid a cash distribution of $3.9 million, or $0.546875 per Series A preferred unit, for the period commencing on May 16, 2022 to August 14, 2022.
For the period from April 1, 2022 to August 24, 2022, no Series A preferred units or common units were sold under the Partnership's ATM program.
Outlook
The Partnership believes its primary risk and exposure related to uncertainty of cash flows from its long-term time charter contracts is due to the credit risk and counterparty risk associated with the individual charterers. Payments are due under time charter contracts regardless of the demand for the charterer's gas output or the utilization of the FSRU. It is therefore possible that charterers may not make payments for time charter services in times of reduced demand. While there is a pending arbitration as further discussed below, as of August 24, 2022, the Partnership has not experienced any reduced or non-payments for obligations under the Partnership's time charter contracts. In addition, the Partnership has not provided concessions or made changes to the terms of payment for its customers.
Höegh LNG has entered into the Suspension and Make-Whole Agreements and provided the Partnership the $85 million revolving credit facility. However, in July 2021, the Partnership received notice from Höegh LNG that the revolving credit line of $85 million will not be extended when it matures on January 1, 2023, and that Höegh LNG will have very limited capacity to extend any additional advances to the Partnership beyond what is currently drawn under such facility. Also, further drawdowns on the $85 million revolving credit facility may be subject to Höegh LNG's consent because of the NOA received from the charterer of PGN FSRU Lampung. With these changes, the Partnership's liquidity and financial flexibility has been reduced. If Höegh LNG is unable to meet its obligations to us under the Suspension and Make-Whole Agreements or meet funding requests or indemnification obligations, our financial condition, results of operations and ability to make cash distributions to unitholders could be materially adversely affected.
Höegh LNG's ability to make payments to the Partnership under the Suspension and Make-Whole Agreements and any funding requests under the $85 million revolving credit facility and any claims for indemnification may be affected by events beyond the control of Höegh LNG or the Partnership, including prevailing economic, financial and industry conditions. If market or other economic conditions deteriorate, Höegh LNG's ability to meet its obligations to the Partnership may be impaired.
If financial institutions providing the Partnership's interest rate swaps are unable to meet their obligations, the Partnership could experience a higher interest expense or be unable to obtain funding. Furthermore, if the Partnership's charterers or lenders are unable to meet their obligations under their respective contracts or if the Partnership is unable to fulfill its obligations under time charters, its financial condition, results of operations and ability to make cash distributions to unitholders could be materially adversely affected.
As previously reported, by letter dated July 13, 2021, the charterer under the lease and maintenance agreement for the PGN FSRU Lampung ("LOM") raised certain issues with PT Hoegh LNG Lampung in relation to the operations of the PGN FSRU Lampung and the LOM and by further letter dated July 27, 2021, stated that it would commence arbitration against PT Hoegh LNG Lampung. On August 2, 2021, the charterer served a notice of arbitration ("NOA") to declare the LOM null and void, and/or to terminate the LOM, and/or seek damages. On June 13, 2022, the charterer filed a statement of claim with a request for a primary relief and three alternative reliefs. The charterer's claim of restitution if the LOM is declared null and void is $416 million, increasing to $472 million by June 2023 plus interest and costs.
PT Hoegh LNG Lampung has previously served a reply refuting the claims as baseless and without legal merit and has also served a counterclaim against the charterer for multiple breaches of the LOM and a claim against the parent company of the charterer for the fulfilment of the charterer's obligations under the LOM as stated in a guarantee provided by the parent company, with a claim for damages. On June 13, 2022, PT Hoegh LNG Lampung filed its statement of claim.
PT Hoegh LNG Lampung will take all necessary steps and will vigorously contest the charterer's claims in the legal process.
No assurance can be given at this time as to the outcome of the dispute with the charterer of the PGN FSRU Lampung. Notwithstanding the NOA, both parties have continued to perform their respective obligations under the LOM. In the event that the outcome of such dispute is unfavorable to the Partnership, it could have a material adverse impact on its business, results of operations, financial condition and ability to pay distributions to unitholders.
On March 20, 2022, the Partnership commenced FSRU operations under agreements with subsidiaries of New Fortress Energy Inc. ("New Fortress") to charter the Höegh Gallant for a period of ten years (the "NFE Charter"). The charter rate under the NFE Charter is lower than under the prior charter for the Höegh Gallant (the "Suspended Gallant Charter"). The Partnership has entered into an agreement to suspend the Suspended Gallant Charter, with effect from the commencement of the NFE Charter, and a make-whole agreement (together, the "Suspension and Make-Whole Agreements"), pursuant to which Höegh LNG's subsidiary will compensate the Partnership monthly for the difference between the charter rate earned under the NFE Charter and the charter rate earned under the Suspended Gallant Charter with the addition of a modest increase until July 31, 2025, the original expiration date of the Suspended Gallant Charter. Afterwards, the Partnership will continue to receive the charter rate agreed with New Fortress for the remaining term of the NFE Charter. In addition, pursuant to the Suspension and Make-Whole Agreements, certain capital expenditures incurred to ready and relocate the Höegh Gallant for performance under the NFE Charter will be shared 50/50 between Höegh LNG and the Partnership, subject to a maximum obligation of the Partnership. As of August 24, 2022, Höegh LNG has paid an aggregate of $2.6 million to the Partnership pursuant to the Suspension and Make-Whole Agreements related to such capital expenditures.
The outbreak of COVID‑19 has negatively affected economic conditions in many parts of the world which may impact the Partnership's operations and the operations of its customers and suppliers. Although the Partnership's operations have not been materially affected by the COVID-19 outbreak to date, the ultimate length and severity of the COVID‑19 outbreak and its potential impact on the Partnership's operations and financial condition is uncertain at this time. Furthermore, should there be an outbreak of COVID‑19 on board one of the Partnership's FSRUs or an inability to replace critical supplies or replacement parts due to disruptions to third-party suppliers, adequate crewing or supplies may not be available to fulfill the Partnership's obligations under its time charter contracts. This could result in off-hire or warranty payments under performance guarantees which would reduce revenues for the impacted period. To date, the Partnership has extended the time between crew rotations on the vessels and developed other mitigating actions to reduce the risk of a COVID-19 outbreak. As a result, the Partnership expects that it will incur somewhat higher crewing expenses. To date, the Partnership has not had material service interruptions on the Partnership's vessels. Management and administrative staffs have largely transitioned to working remotely from home to address the specific COVID‑19 situation in the applicable geographic location. The Partnership has supported staffs by supplying needed internet boosters and office equipment to facilitate an effective work environment.
In February 2022, the Russian attack on Ukraine started. It may lead to further regional and international conflicts or armed action. It is possible that such conflict could disrupt supply chains and cause instability in the global economy. Additionally, the ongoing conflict could result in the imposition of further economic sanctions by the United States and the European Union against Russia. While much uncertainty remains regarding the global impact of the invasion, it is possible that such tensions could adversely affect the Partnership's business, financial condition, results of operation and cash flows. Furthermore, it is possible that third parties with whom the Partnership has charter contracts may be impacted by events in Russia and Ukraine, which could adversely affect its operations. The invasion has among other things, led to a significantly increased attention to security of energy supply in Europe. Several European countries are looking to reduce their reliance on pipeline gas from Russia, and are planning to increase the import capacity for LNG through the application of FSRUs and/or landbased import facilities in combination with increased use of renewable energy sources in the energy mix. Over time, this could accelerate the energy transition to renewable energy.
On April 1, 2022, the Partnership's Colombian subsidiary received a notification from the Tax Administration of Cartagena assessing a penalty of approximately $1.8 million for failure to file the 2016 to 2018 Municipal Industry and Commerce Tax ("ICT") returns. ICT is imposed on gross receipts on customer invoices and is similar to a sales tax. The municipal tax authorities have alleged that the customer invoices are for industrial activities performed within the municipal jurisdiction. However, all of the Colombian subsidiary's activities take place offshore which is outside of the Municipality's borders. According to Colombian law, municipalities do not have jurisdiction over maritime waters or low-tide areas. Management intends to deny the allegations and file an appeal to vigorously defend the Colombian subsidiary's position. Accruals for loss contingencies are recorded when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated. Management, with advice of its outside legal advisors, has assessed the status of this matter and has concluded that an adverse judgment after concluding an appeals process is not probable. As a result, no provision has been made in the consolidated financial statements. Management estimates the range of possible loss for 2016-2021, including accrued interest, to be approximately $1.3 million to $2.9 million as of June 30, 2022, plus additional accrued interest thereon until final disposition of the ICT allegation. In May 2022, the Partnership and its Colombian subsidiary filed a response to the Tax Administration of Cartagena disputing the claim. This was confirmed registered on May 27, 2022, by the Tax Administration of Cartagena.
Presentation of Second Quarter 2022 Results
A presentation will be held today, Wednesday, August 24, 2022, at 8:30 A.M. (EST) to discuss financial results for the second quarter of 2022. The results and presentation material will be available for download at http://www.hoeghlngpartners.com.
Participants will be able to join this presentation using the following details:
a. Webcast
b. Teleconference
Participants should ask to be joined into the Höegh LNG Partners LP call.
For those unable to participate in the conference call, a replay will be available from one hour after the end of the conference call until August 31, 2022.
The replay dial-in numbers are as follows:
FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements concerning future events and the Partnership's operations, performance and financial condition. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain the words "believe," "anticipate," "expect," "estimate," "future," "project," "will be," "will continue," "will likely result," "plan," "intend" or words or phrases of similar meanings. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the Partnership's control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially include, but are not limited to:
- the effects of outbreaks of pandemic or contagious diseases, including the length and severity of the recent worldwide outbreak of COVID‑19, including its impact on the Partnership's business liquidity, cash flows and operations as well as operations of our customers, suppliers and lenders;
- market conditions and trends for floating storage and regasification units ("FSRUs") and liquefied natural gas ("LNG") carriers, including hire rates, vessel valuations, technological advancements, market preferences and factors affecting supply and demand of LNG, LNG carriers, and FSRUs;
- the Partnership's distribution policy and ability to make cash distributions on its units or any changes in the quarterly distributions on its common units;
- restrictions in the Partnership's debt agreements and pursuant to local laws on the Partnership's joint ventures' and subsidiaries' ability to make distributions;
- the ability of Höegh LNG to meet its financial obligations to the Partnership pursuant to the Suspension and Make-Whole Agreements, the Suspended Gallant Charter, any funding requests under the $85 million revolving credit facility and its guarantee and indemnification obligations;
- the change in the ability of Höegh LNG to compete with the Partnership as a result of its completion of the Amalgamation;
- the Partnership's ability to compete successfully for future chartering and newbuilding opportunities;
- the consummation of the proposed merger transaction with Höegh LNG and the realization of any benefits therefrom;
- demand in the FSRU sector or the LNG shipping sector, including demand for the Partnership's vessels;
- the Partnership's ability to purchase additional vessels from Höegh LNG in the future;
- the Partnership's ability to integrate and realize the anticipated benefits from acquisitions;
- the Partnership's anticipated growth strategies, including the acquisition of vessels;
- the Partnership's anticipated receipt of dividends and repayment of indebtedness from subsidiaries and joint ventures;
- effects of volatility in global prices for crude oil and natural gas;
- the effect of the worldwide economic environment;
- turmoil in the global financial markets;
- fluctuations in currencies and interest rates;
- general market conditions, including fluctuations in hire rates and vessel values;
- changes in the Partnership's operating expenses, including drydocking, on-water class surveys, insurance costs and bunker costs;
- the Partnership's ability to comply with financing agreements and the expected effect of restrictions and covenants in such agreements;
- the financial condition, liquidity and creditworthiness of the Partnership's existing or future customers and their ability to satisfy their obligations under the Partnership's contracts;
- the Partnership's ability to replace existing borrowings, make additional borrowings and to access public equity and debt capital markets;
- planned capital expenditures and availability of capital resources to fund capital expenditures;
- the exercise of purchase options by the Partnership's customers;
- the Partnership's ability to perform under its contracts and maintain long-term relationships with its customers;
- the Partnership's ability to leverage Höegh LNG's relationships and reputation in the shipping industry;
- the Partnership's continued ability to enter into long-term, fixed-rate charters and the hire rate thereof;
- the operating performance of the Partnership's vessels and any related claims by TotalEnergies SE, PGN LNG or other customers;
- the Partnership's ability to maximize the use of its vessels, including the redeployment or disposition of vessels no longer under long-term charters;
- the results of the arbitration with the charterer of PGN FSRU Lampung;
- timely acceptance of the Partnership's vessels by their charterers;
- termination dates and extensions of charters;
- the impact of the Russian invasion of Ukraine;
- the Partnership's ability to successfully remediate the material weakness in its internal control over financial reporting and disclosure controls and procedures;
- the cost of, and the Partnership's ability to comply with, governmental regulations and maritime self-regulatory organization standards, as well as standard regulations imposed by its charterers applicable to its business;
- economic substance laws and regulations adopted or considered by various jurisdictions of formation or incorporation of the Partnership and certain of its subsidiaries;
- availability and cost of skilled labor, vessel crews and management, including possible disruptions, including but not limited to the supply chain of spare parts and service engineers, caused by the COVID‑19 outbreak;
- the number of offhire days and drydocking requirements, including the Partnership's ability to complete scheduled drydocking on time and within budget;
- the Partnership's general and administrative expenses as a publicly traded limited partnership and fees and expenses payable under the Partnership's ship management agreements, the technical information and services agreement and the administrative services agreement;
- the anticipated taxation of the Partnership, its subsidiaries and affiliates and distributions to unitholders;
- estimated future maintenance and replacement capital expenditures;
- the Partnership's ability to hire or retain key employees;
- customers' increasing emphasis on environmental and safety concerns;
- potential liability from any pending or future litigation;
- risks inherent in the operation of the Partnership's vessels including potential disruption due to accidents, political events, piracy or acts by terrorists;
- future sales of the Partnership's common units, Series A preferred units and other securities in the public market;
- interruption or failure of the Partnership's information technology and communication systems;
- the Partnership's business strategy and other plans and objectives for future operations; and
- other factors listed from time to time in the reports and other documents that the Partnership files with the SEC, including the Partnership's Annual Report on Form 20‑F for the year ended December 31, 2021 and subsequent quarterly reports on Form 6‑K.
All forward-looking statements included in this press release are made only as of the date of this release. New factors emerge from time to time, and it is not possible for the Partnership to predict all of these factors. Further, the Partnership cannot assess the impact of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward-looking statement. The Partnership does not intend to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in its expectations with respect thereto or any change in events, conditions or circumstances on which any such statement is based.
HÖEGH LNG PARTNERS LP
UNAUDITED SEGMENT INFORMATION FOR THE QUARTERS ENDED JUNE 30, 2022 and 2021
(in thousands of U.S. dollars)
Segment information
There are two operating segments. The segment profit measure is Segment EBITDA, which is defined as earnings before interest, taxes, depreciation, amortization, impairment and other financial items (gain (loss) on debt extinguishment, gain (loss) on derivative instruments and other items, net). Segment EBITDA is reconciled to operating income and net income in the segment presentation below. The two segments are "Majority held FSRUs" and "Joint venture FSRUs." In addition, unallocated corporate costs, interest income from advances to joint ventures and interest expense related to the outstanding balances on the $85 million revolving credit facility and the $385 million facility are included in "Other."
For the three months ended June 30, 2022 and 2021, Majority held FSRUs includes the financing lease related to the PGN FSRU Lampung and the operating leases related to the Höegh Gallant and the Höegh Grace.
For the three months ended June 30, 2022 and 2021, Joint Venture FSRUs include two 50% owned FSRUs, the Neptune and the Cape Ann, that operate under long-term time charters with one charterer.
The accounting policies applied to the segments are the same as those applied in the consolidated financial statements, except that i) Joint venture FSRUs is presented under the proportional consolidation method for the segment note to the Partnership's financial statements and in the tables below, and under equity accounting for the consolidated financial statements and ii) internal interest income and interest expense between the Partnership's subsidiaries that eliminate in consolidation are not included in the segment columns for the other financial income (expense), net line. Under the proportional consolidation method, 50% of the Joint venture FSRUs' revenues, expenses and assets are reflected in the segment note. Management monitors the results of operations of joint ventures under the proportional consolidation method and not the equity method of accounting.
Appendix A: Segment EBITDA
Non-GAAP Financial Measures
Segment EBITDA. EBITDA is defined as earnings before interest, taxes, depreciation and amortization. Segment EBITDA is defined as earnings before interest, taxes depreciation, amortization, impairment and other financial items. Other financial items consist of gain (loss) on debt extinguishment, gain (loss) on derivative instruments and other items, net (including foreign exchange gains and losses and withholding tax on interest expenses). Segment EBITDA is used as a supplemental financial measure by management and external users of financial statements, such as the Partnership's lenders, to assess its financial and operating performance. The Partnership believes that Segment EBITDA assists its management and investors by increasing the comparability of its performance from period to period and against the performance of other companies in the industry that provide Segment EBITDA information. This increased comparability is achieved by excluding the potentially disparate effects between periods or companies of interest, depreciation, amortization, impairment, taxes, and other financial items, which items are affected by various and possibly changing financing methods, capital structure and historical cost basis and which items may significantly affect net income between periods. The Partnership believes that including Segment EBITDA as a financial and operating measure benefits investors in (a) selecting between investing in it and other investment alternatives and (b) monitoring its ongoing financial and operational strength in assessing whether to continue to hold common units or preferred units. Segment EBITDA is a non-GAAP financial measure and should not be considered an alternative to net income, operating income or any other measure of financial performance presented in accordance with U.S. GAAP. Segment EBITDA excludes some, but not all, items that affect net income, and these measures may vary among other companies. Therefore, Segment EBITDA as presented below may not be comparable to similarly titled measures of other companies. The following tables reconcile Segment EBITDA for each of the segments and the Partnership as a whole to net income (loss), the comparable U.S. GAAP financial measure, for the periods presented:
Media contact:
The IGB Group, Bryan Degnan, +1 (646) 673‑9701 / Leon Berman, +1 (212) 477‑8438
www.hoeghlngpartners.com
View original content:
SOURCE Hoegh LNG Partners LP | https://www.kxii.com/prnewswire/2022/08/24/hegh-lng-partners-lp-reports-financial-results-quarter-ended-june-30-2022/ | 2022-08-24T11:01:25Z |
TIFTON — The 22nd annual School of Agriculture and Natural Resources Classic golf tournament at Abraham Baldwin Agricultural College will be held on Sept. 30 at ABAC’s Forest Lakes Golf Club. There will be an 8 a.m. flight and a 1 p.m. flight.
The tournament is hosted by the ABAC Agriculture and Natural Resources Alumni Council and the School of Agriculture and Natural Resources to generate student scholarship and faculty and staff professional development funds. Tournament Coordinator Vonda Fenn said proceeds from the tournament are raised by sponsorships and player registration fees.
Fenn said there are seven sponsorship levels available, ranging from $100 for a Century Level Sponsor to $5,000 for a Stallion Level Sponsor.
The tournament will be a four-person scramble with a shotgun start. There is an entry fee of $125 per person or a $500 entry fee for each four-person team that includes lunch, drinks, snacks, golf balls, cart and greens fee, premium embroidered golf shirt with tournament logo, and other products.
Fenn said each member of the tournament’s winning team will receive a custom three-dimensional printed trophy designed by students in the SANR Agricultural Technology and Systems Management program.
The SANR Classic’s ball drop event will be back for its ninth year on Oct. 3 at 1 p.m. Individuals can purchase numbered golf balls for a chance to win prizes. Participants can purchase one golf ball for $5 or five for $20.
All the balls sold will be marked with unique individual numbers. They will be placed in the bucket of a front-end loader and dropped onto the putting green. The ball that rolls closest to/or drops into a pre-selected designated hole on the putting green will be declared the winner. The number on each ball will be associated with an individual who purchased chances to win.
The grand prize winner from the SANR Classic ball drop can choose from a seven-night Panama City Beach vacation at the Edgewater Beach Resort and Golf Course, a one-half day quail hunt at Southern Woods Plantation with Georgia Sen. Tyler Harper, or a professional photography session with Joy Carter Photography.
The second-place finisher in the ball drop chooses from one of the two remaining prizes, and the third-place finisher gets the final prize available.
To participate in the tournament or the ball drop event, interested persons can contact Fenn at (229) 391-5067, email vfenn@abac.edu , or register online at [www.abac.edu/academics/sanr-classic/]www.abac.edu/academics/sanr-classic/.
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accounts, the history behind an article. | https://www.albanyherald.com/local/abraham-baldwin-agricultural-college-school-of-ag-natural-resources-plans-golf-tourney/article_fa07319e-288a-11ed-bf6d-2f278ce88c0f.html | 2022-08-30T18:33:02Z |
Cruise, a self-driving technology company majority owned by General Motors, will expand its fledgling robotaxi service to two more U.S. cities before 2022 is out, CEO Kyle Vogt said Monday during a Goldman Sachs conference, Reuters has reported.
Cruise’s taxi service currently operates in San Francisco, where the company is headed, but will expand to Austin and Phoenix later this year, Vogt said. Phoenix is where Alphabet’s rival Waymo self-driving technology company has been operating a service for the past three years.
Vogt also said he expects Cruise to earn $1 billion in revenues as early as 2025, though that’s still about half what GM annually invests in the company, according to Reuters.
Cruise has been offering rides to the public in San Francisco since February and was granted permission to start charging for rides in June, though the service is limited to between 10 p.m. and 6 a.m. The taxis are also limited to 30 mph and cover only certain parts of the city. Cruise’s service will also be rolled out in a limited fashion in Austin and Phoenix, Vogt said.
Cruise has about 70 of the taxis in operation in San Francisco but is on track to double or even triple the number by the end of the year. The taxis are based on the Chevrolet Bolt EV, though Cruise plans to eventually add a dedicated vehicle known as the Origin.
It hasn’t been all smooth sailing for Cruise. One of its taxis was involved in a crash in June, resulting in minor injuries. The company later recalled its fleet and made updates to the software.
Cruise’s self-driving system ranks at Level 4 on the SAE scale of self-driving capability, as it is limited in areas in which it operate. The final goal is Level 5, where a self-driving car is able to operate at the same level as a human. While Level 5 might be a decade or more away, companies are already offering commercial services involving Level 4 cars. The Waymo One service has been running successfully in Phoenix for the past three years and is currently testing in San Francisco, and China’s Baidu continues to expand its Apollo Go service in Chinese cities.
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- Mullen acquires Bollinger, will resurrect B1 and B2 off-roaders | https://cw33.com/automotive/internet-brands/cruise-robotaxi-service-to-expand-to-austin-phoenix-in-2022/ | 2022-09-13T15:23:46Z |
Increased dividend ~7% on an annualized basis, effective in the third quarter
Announces restructuring program in connection with strategic portfolio reviews
INDIANAPOLIS, Aug. 4, 2022 /PRNewswire/ -- Corteva, Inc. (NYSE: CTVA) ("Corteva" or the "Company") today reported financial results for the second quarter and six months ended June 30, 2022.
2Q 2022 Results Overview
1H 2022 Results Overview
First Half 2022 Highlights
- First half 2022 net sales rose 11% versus prior year with gains in both segments. Organic1 sales increased 14% in the same period with gains in all regions.
- Seed net sales grew 3% and organic1 sales increased 6% year over year, with notable gains in EMEA2, partially offset by the reduction of corn acres and canola volumes in North America2. Price was up 7% globally, led by continued execution on the company's price for value strategy and recovery of higher input costs.
- Crop Protection net sales grew 24% and organic1 sales increased 28%, led by North America2 and Latin America. Volume gains were driven by continued penetration of new products, including EnlistTM and ArylexTM herbicides and OnmiraTM fungicide, and strong early demand in Latin America. Price gains reflected strong execution across all regions in response to cost inflation.
- GAAP income and earnings per share (EPS) from continuing operations were $1.58 billion and $2.16 per share for the first half of 2022, respectively. Operating EBITDA1 was $2.76 billion, a 17% improvement over prior year on strong price execution and volume gains in all regions and productivity actions, partially offset by inflation and currency headwinds. Operating EPS1 was $2.61 per share, up 19% compared to prior year.
- Management increased full year 2022 net sales and earnings guidance3. Net sales is expected to be in the range of $17.2 billion to $17.5 billion and Operating EBITDA1 is expected to be in the range of $2.95 billion to $3.10 billion. Operating EPS1 is expected to be in the range of $2.45 to $2.60 per share.
- The Company announced a ~7% annualized dividend increase effective in the third quarter – reflecting continued focus on returning capital to shareholders.
"Corteva delivered an impressive first half with double-digit sales and Operating EBITDA growth and margin expansion, reflecting strong customer demand and focused execution amidst dynamic market conditions.
"We also continue to take actions to accelerate performance, including the completion of strategic portfolio reviews aimed at refining our strategy, driving operational execution, and making disciplined investment decisions in innovation and technology to deliver increased value to farmers and contribute to a more sustainable global food system.
"We believe that we are well-positioned to continue to adapt and execute in a challenging operating environment. Our strong first half momentum and robust market fundamentals have given us confidence to raise our guidance for the year," said Chuck Magro, Corteva Chief Executive Officer.
Company Updates
- Company Announces Completion of Strategic Portfolio Reviews
- EnlistTM System Accelerates Market Penetration for 2022
2022 Updated Guidance
The outlook for agriculture remains robust despite recent commodity price volatility. The Company expects record demand for grain and oilseeds in 2022, which should support commodity prices as ending stocks remain under pressure. Grower balance sheets and income levels remain healthy despite increased input costs for fuel and fertilizer, leading customers to prioritize technology to maximize return.
As a result, the Company updated its previously provided guidance3 for the full year 2022 – increasing sales and earnings expectations for this period. Corteva expects net sales in the range of $17.2 billion to $17.5 billion, which at the mid-point represents expected net sales growth of 11% for the year. Operating EBITDA1 is expected to be in the range of $2.95 billion to $3.10 billion, which at the mid-point represents expected Operating EBITDA1 growth of 17% for the year. Operating EPS1 is expected to be in the range of $2.45 to $2.60 per share. The Company is not able to reconcile its forward-looking non-GAAP financial measures to its most comparable U.S. GAAP financial measures, as it is unable to predict with reasonable certainty items outside of its control, such as Significant Items, without unreasonable effort.
Click here to download the full press release, including segment detail and reconciliations of non-GAAP and GAAP measures, or visit the Corteva Investor Relations website.
About Corteva
Corteva, Inc. (NYSE: CTVA) is a publicly traded, global pure-play agriculture company that combines industry-leading innovation, high-touch customer engagement and operational execution to profitably deliver solutions for the world's most pressing agriculture challenges. Corteva generates advantaged market preference through its unique distribution strategy, together with its balanced and globally diverse mix of seed, crop protection, and digital products and services. With some of the most recognized brands in agriculture and a technology pipeline well positioned to drive growth, the Company is committed to maximizing productivity for farmers, while working with stakeholders throughout the food system as it fulfills its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. More information can be found at www.corteva.com.
Follow Corteva on Facebook, Instagram, LinkedIn, Twitter and YouTube.
Cautionary Statement About Forward-Looking Statements
This report contains certain estimates and forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, which are intended to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and may be identified by their use of words like "plans," "expects," "will," "anticipates," "believes," "intends," "projects," "estimates," "outlook," or other words of similar meaning. All statements that address expectations or projections about the future, including statements about Corteva's financial results or outlook; strategy for growth; product development; regulatory approvals; market position; capital allocation strategy; liquidity; environmental, social and governance ("ESG") targets and initiatives; the anticipated benefits of acquisitions, restructuring actions, or cost savings initiatives; and the outcome of contingencies, such as litigation and environmental matters, are forward-looking statements.
Forward-looking statements and other estimates are based on certain assumptions and expectations of future events which may not be accurate or realized. Forward-looking statements and other estimates also involve risks and uncertainties, many of which are beyond Corteva's control. While the list of factors presented below is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on Corteva's business, results of operations and financial condition. Some of the important factors that could cause Corteva's actual results to differ materially from those projected in any such forward-looking statements include: (i) failure to successfully develop and commercialize Corteva's pipeline; (ii) failure to obtain or maintain the necessary regulatory approvals for some of Corteva's products; (iii) effect of the degree of public understanding and acceptance or perceived public acceptance of Corteva's biotechnology and other agricultural products; (iv) effect of changes in agricultural and related policies of governments and international organizations; (v) effect of competition and consolidation in Corteva's industry; (vi) effect of competition from manufacturers of generic products; (vii) costs of complying with evolving regulatory requirements and the effect of actual or alleged violations of environmental laws or permit requirements; (viii) effect of climate change and unpredictable seasonal and weather factors; (ix) failure to comply with competition and antitrust laws; (x) competitor's establishment of an intermediary platform for distribution of Corteva's products; (xi) impact of Corteva's dependence on third parties with respect to certain of its raw materials or licenses and commercialization; (xii) effect of industrial espionage and other disruptions to Corteva's supply chain, information technology or network systems; (xiii) effect of volatility in Corteva's input costs; (xiv) failure to raise capital through the capital markets or short-term borrowings on terms acceptable to Corteva; (xv) failure of Corteva's customers to pay their debts to Corteva, including customer financing programs; (xvi) increases in pension and other post-employment benefit plan funding obligations; (xvii) risks related to environmental litigation and the indemnification obligations of legacy EID liabilities in connection with the separation of Corteva; (xviii) risks related to Corteva's global operations; (xix) failure to effectively manage acquisitions, divestitures, alliances, restructurings, cost savings initiatives, and other portfolio actions; (xx) capital markets sentiment towards ESG matters (xxi) risks related to COVID-19; (xxii) Corteva's ability to recruit and retain key personnel; (xxiii) Corteva's intellectual property rights or defend against intellectual property claims asserted by others; (xxiv) effect of counterfeit products; (xxv) Corteva's dependence on intellectual property cross-license agreements; (xxvi) other risks related to the Separation from DowDuPont; and (xxvii) risks related to the Russia and Ukraine military conflict.
Additionally, there may be other risks and uncertainties that Corteva is unable to currently identify or that Corteva does not currently expect to have a material impact on its business. Where, in any forward-looking statement or other estimate, an expectation or belief as to future results or events is expressed, such expectation or belief is based on the current plans and expectations of Corteva's management and expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the expectation or belief will result or be achieved or accomplished. Corteva disclaims and does not undertake any obligation to update or revise any forward-looking statement, except as required by applicable law. A detailed discussion of some of the significant risks and uncertainties which may cause results and events to differ materially from such forward-looking statements is included in the "Risk Factors" section of Corteva's Annual Report on Form 10-K, as modified by subsequent Quarterly Reports on Forms 10-Q and Current Reports on Form 8-K.
Regulation G (Non-GAAP Financial Measures)
This earnings release includes information that does not conform to U.S. GAAP and are considered non-GAAP measures. These measures may include organic sales, organic growth (including by segment and region), operating EBITDA, operating earnings (loss) per share, and base income tax rate. Management uses these measures internally for planning and forecasting, including allocating resources and evaluating incentive compensation. Management believes that these non-GAAP measures best reflect the ongoing performance of the Company during the periods presented and provide more relevant and meaningful information to investors as they provide insight with respect to ongoing operating results of the Company and a more useful comparison of year over year results. These non-GAAP measures supplement the Company's U.S. GAAP disclosures and should not be viewed as an alternative to U.S. GAAP measures of performance. Furthermore, such non-GAAP measures may not be consistent with similar measures provided or used by other companies. Reconciliations for these non-GAAP measures to U.S. GAAP are provided in the Selected Financial Information and Non-GAAP Measures starting on page A-5 of the Financial Statement Schedules.
Corteva is not able to reconcile its forward-looking non-GAAP financial measures to its most comparable U.S. GAAP financial measures, as it is unable to predict with reasonable certainty items outside of the Company's control, such as Significant Items, without unreasonable effort. For Significant items reported in the periods presented, refer to page A-10 of the Financial Statement Schedules. Beginning January 1, 2020, the Company presents accelerated prepaid royalty amortization expense as a significant item. Accelerated prepaid royalty amortization represents the noncash charge associated with the recognition of upfront payments made to Monsanto in connection with the Company's non-exclusive license in the United States and Canada for Monsanto's Genuity® Roundup Ready 2 Yield® Roundup Ready 2 Xtend® herbicide tolerance traits. During the five-year ramp-up period of Enlist E3TM, Corteva is expected to significantly reduce the volume of products with the Roundup Ready 2 Yield® and Roundup Ready 2 Xtend® herbicide tolerance traits beginning in 2021, with expected minimal use of the trait platform after the completion of the ramp-up. Additionally, in connection with the Company's shift to a global business unit model, the Company has assessed its business priorities and operational structure to maximize the customer experience and deliver on growth and earnings potential. As a result of this assessment, the company has committed to restructuring actions that, combined with the impact of the company's separate announcement to withdraw from Russia and stop production and business activities ("Russia Exit") (collectively the "2022 Restructuring Actions"), have resulted in expected total pre-tax restructuring and other charges of approximately $350 million to $420 million. The restructuring actions associated with these charges are expected to be substantially complete in 2023. Organic sales is defined as price and volume and excludes currency and portfolio impacts. Operating EBITDA is defined as earnings (loss) (i.e., income (loss) from continuing operations before income taxes) before interest, depreciation, amortization, non-operating benefits (costs), foreign exchange gains (losses), and net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting, excluding the impact of significant items. Non-operating (benefits) costs consists of non-operating pension and other post-employment benefit (OPEB) benefits (costs), tax indemnification adjustments, and environmental remediation and legal costs associated with legacy businesses and sites of Historical DuPont. Tax indemnification adjustments relate to changes in indemnification balances, as a result of the application of the terms of the Tax Matters Agreement, between Corteva and Dow and/or DuPont that are recorded by the Company as pre-tax income or expense.
Operating earnings (loss) per share is defined as "earnings (loss) per common share from continuing operations - diluted" excluding the after-tax impact of significant items, the after tax impact of non-operating benefits (costs), the after-tax impact of amortization expense associated with intangible assets existing as of the Separation from DowDuPont, and the after-tax impact of net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting. Although amortization of the Company's intangible assets is excluded from these non-GAAP measures, management believes it is important for investors to understand that such intangible assets contribute to revenue generation. Amortization of intangible assets that relate to past acquisitions will recur in future periods until such intangible assets have been fully amortized. Any future acquisitions may result in amortization of additional intangible assets. Net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting represents the non-cash net gain (loss) from changes in fair value of certain undesignated foreign currency derivative contracts. Upon settlement, which is within the same calendar year of execution of the contract, the realized gain (loss) from the changes in fair value of the non-qualified foreign currency derivative contracts will be reported in the relevant non-GAAP financial measures, allowing quarterly results to reflect the economic effects of the foreign currency derivative contracts without the resulting unrealized mark to fair value volatility. Base income tax rate is defined as the effective tax rate excluding the impacts of foreign exchange gains (losses), non-operating benefits (costs), amortization of intangibles (existing as of the Separation), mark-to-market gains (losses) on certain foreign currency contracts not designated as hedges, and significant items.
® TM Corteva Agriscience and its affiliated companies.
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SOURCE Corteva, Inc. | https://www.wibw.com/prnewswire/2022/08/04/corteva-reports-second-quarter-first-half-2022-results-raises-full-year-net-sales-earnings-guidance/ | 2022-08-04T22:23:46Z |
Kayla Martin named Greater Alliance Carnation Festival queen
ALLIANCE – All hail Kayla Martin. She is now to be considered royalty.
The 19-year-old college student was crowned the 2022 Greater Alliance Carnation Festival queen on Saturday night at Alliance High School.
Martin was chosen from a group of 14 contestants during the 62nd annual pageant. Five judges also named her Miss Congeniality.
2022 Queen Profiles:14 women to seek Carnation Queen crown
Carnation Festival:Voting begins for display contest
The other members of the court were First Attendant Chloe Orzo, Second Attendant Catarina Hagan and Third Attendant Kenna McElroy.
"I honestly did not think I would be queen. There were so many girls who deserved it," Martin said afterward. "But I am happy and excited to honor the city."
Martin, the daughter of Almetra Hawkins, entered the pageant with a friend Olivia Bertolini, who finished in the Top 8.
"And I'm so happy I did it," Martin said. "I met so many amazing girls here."
Martin, a 2021 graduate of Alliance High School, is a sophomore at the University of Mount Union studying to become a child life specialist. A child life specialist is a healthcare professional who helps children and families through traumatic injuries or illnesses. "They make them comfortable," Martin said.
Her pageant entry was sponsored by beauty salon RL Xperience.
Hypothetical question for the victory?
After the pageant, Martin's mom said she was elated about her daughter's pageant success.
"I'm so excited for her," Hawkins said. "I didn't think she'd get both, but I'm really proud of her."
She believes, as did other friends and relatives, that Martin's humorous answer to a hypothetical question might've helped her win the crown.
"If your home was on fire and you could only grabbed two things, what would they be and why?"
Her response: "My brother Kruiz because he's my heart and I love my siblings. I think the rest could make it out but Kruiz might be a little delayed. And the second thing I would grab would be the MacBook because that would be an expensive replacement."
Her words drew a laugh from the crowd.
More:Little princesses celebrate with Carnation Festival royalty
At the reception, her brother Kruiz Grimes, 12, said he's certain he could escape a house fire on his own but loved that her answer helped.
Farewell, Torrie
Martin's coronation brought an end to another festival royal reign. The 2021 queen, Torrie Forrest, and her court – First Attendant Madeline Davis, Second Attendant Bethany Caruthers and Third Attendant Leah Springer – said their goodbyes.
More:Torrie Forrest crowned 2021 Carnation Festival queen
They also shared a video of their 12-month adventure and congratulated Martin, her attendants and the other 10 girls who participated in Saturday's pageant.
"For 12 months, my court and I have made so many memories and grown close together," Forrest said. "No matter where life takes me, I'll never forget the impact this pageant and city had on my life. Being Carnation Queen has given me many opportunities to learn about my home city of Alliance. I learned more about this city in one year than I had in all 18 years of my life. I wouldn't take this experience for the world."
Following the pageant, Martin said she and her court hope to make "great" impact over the next 12 months.
"I think it will be full of fun and memories," she said. ""I know me and the other girls have a lot planned."
Reach Benjamin Duer at 330-580-8567 or ben.duer@cantonrep.com. On Twitter: @bduerREP.
2022 Carnation Festival royalty
QUEEN – Kayla Martin, 19, daughter of Almetra Hawkins
FIRST ATTENDANT – Chloe Orzo, 18, daughter of Bridget and Brian Briggs, and Brian Orzo
SECOND ATTENDANT – Catarina Hagan, 18, daughter of Josh and Sara Hagan
THIRD ATTENDANT – Kenna McElroy, 18, daughter of Bryan and Sylvia McElroy
MISS CONGENIALITY – Kayla Martin | https://www.cantonrep.com/story/news/2022/08/01/alliance-carnation-festival-2022-queen-pageant/10182987002/ | 2022-08-01T17:05:55Z |
The CannaTech Company Validates Its Operating Software and Processes With Review by the Gold Standard in Accounting Oversight
NEWPORT BEACH, Calif., July 21, 2022 /PRNewswire/ -- Cannabis operating software company BLAZE® Solutions, Inc. ("BLAZE" or "the Company") reached a data security landmark in recently becoming Service Organization Control 2 Type 1 certified. The new certification makes BLAZE one of the few cannabis tech companies to undertake the intensive auditing.
SOC 2 certification is administered by the American Institute of CPAs to ensure service providers securely manage data to protect their retail customers' interests from network vulnerabilities. Although it's not a requirement for SaaS companies serving commerce sectors, and even less common in the cannabis industry, SOC 2 certification affirms and validates their processes in critical areas such as security, data storage, system access, disaster recovery and vendor management. SOC 2 certification has two distinct classifications: Type 1 reviews the design of security processes as they currently stand, and Type 2 evaluates how effective controls and procedures are by observing operations through self-reported audits from a company over time.
"Since BLAZE's inception, we've focused on the data security of our customers as the backbone of our seed-to-sale compliance tracking and our point of sales software. In undergoing the SOC 2 certification process, it was important for us to make sure that we are practicing what we preach," said Kai Kirk, BLAZE Chief Product Officer. "The SOC 2 certification helps provide our clients, and their customers, with peace of mind that their data is with someone they can trust."
BLAZE, which serves over 1400 cannabis retailers, began this undertaking in December 2021 by self-auditing its processes and data security measures. The company is now working toward gaining SOC 2 Type 2 certification.
BLAZE powers the cannabis industry with intuitive technology solutions. Founded in 2017 by tech entrepreneurs and cannabis company operators, the BLAZE software suite fully supports vertically integrated operations, standalone dispensaries, delivery services, distributors and cultivators. The platform's seed-to-sale software and apps enable over 1400 cannabis businesses across the supply chain to easily automate compliance reporting and operate safely within local laws and tax requirements. BLAZE recently acquired Canadian POS company Greenline, increasing its service area and providing international expansion opportunities for both Canadian and US operators. Cannabis commerce is effortless with a POS platform that centralizes operations and combines efficient online ordering, inventory management, and payment processing. BLAZE offers full APIs and integrates seamlessly with over 60 cannabis tech platforms. Learn more at BLAZE.me
Media Contact:
Brian Bock
Grasslands: A Journalism-Minded Agency
Brian@mygrasslands.com
(708) 941-8228
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SOURCE BLAZE | https://www.mysuncoast.com/prnewswire/2022/07/21/blaze-elevates-its-commitment-cannabis-data-security-with-independent-soc-2-type-1-certification/ | 2022-07-21T15:42:58Z |
Athlete of the Week: Makinzie Palmer, BMX, Bull Riding, Rigby Wrestling
RIGBY, Idaho (KIFI) - Our Sermon Service and Electric Athlete of the Week is a multi-sport athlete who's earning success in some male-dominated sports. Our Athlete of the Week is Rigby's Makinzie Palmer.
If there's an athlete you think we should feature in this segment, we want to hear from you! Email us your recommendations to sports@localnews8.com. | https://localnews8.com/sports/local-sports/2022/04/27/athlete-of-the-week-makinzie-palmer-bmx-bull-riding-rigby-wrestling/ | 2022-04-28T03:48:43Z |
SAN FRANCISCO, April 20, 2022 /PRNewswire/ -- Marin Software Incorporated (NASDAQ: MRIN), a leading provider of digital marketing software for performance-driven advertisers and agencies, today announced that it will report financial results for the quarter ended March 31, 2022, after market close on Thursday, May 5. The company also announced that it will hold a conference call on the same day at 2:00 PM Pacific Time (5:00 PM Eastern Time) to discuss its quarterly financial results. This conference call may include forward-looking statements.
The conference call can be accessed by dialing (877) 704-4453 from the United States or +1 (201) 389-0920 internationally with conference ID 13728727, and a live webcast of the conference call can be accessed at https://services.choruscall.com/mediaframe/webcast.html?webcastid=1I1l517G.
Following the completion of the call through 11:59 PM Eastern Time on Thursday, May 12, 2022, a recorded replay will be available on the company's website, and a telephone replay will be available by dialing (844) 512-2921 from the United States or +1 (412) 317-6671 internationally with recording access code 13728727.
About Marin Software
Marin Software Incorporated's (NASDAQ: MRIN) mission is to give advertisers the power to drive higher efficiency and transparency in their paid marketing programs that run on the world's largest publishers. Marin Software offers a unified SaaS advertising management platform for search, social, and eCommerce advertising. The Company helps digital marketers convert precise audiences, improve financial performance, and make better decisions. Headquartered in San Francisco with offices worldwide, Marin Software's technology powers marketing campaigns around the globe. For more information about Marin Software, please visit www.marinsoftware.com.
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SOURCE Marin Software | https://www.wibw.com/prnewswire/2022/04/20/marin-software-announces-date-first-quarter-2022-financial-results-conference-call/ | 2022-04-20T22:40:29Z |
The SaaS Awards recognize the value AutoRABIT provides to financial companies
SAN FRANCISCO, July 14, 2022 /PRNewswire/ -- AutoRABIT, the only complete DevSecOps platform for Salesforce developers, has been shortlisted in the 2022 SaaS Awards program in the category Best SaaS Product for Financial Services.
AutoRABIT continues to solidify itself as a leader in Salesforce DevSecOps by proving its value to companies in the financial industry. As the only complete Salesforce DevSecOps platform, AutoRABIT is being recognized for providing the security and control financial businesses need to protect sensitive data and remain compliant with data security regulations.
Now in its seventh year of celebrating software innovation, the SaaS Awards program accepts entries worldwide, including the US, Canada, Australasia, EMEA and UK.
"Innovative technologies have always driven industry, and having disrupted the software business, SaaS continues to mature as a key driver for sustained improvement," said James Williams, head of operations for the SaaS Awards.
AutoRABIT's demonstrated ability to save companies time and money while also supporting strict data security requirements has offered great value to financial companies. The AutoRABIT platform exists outside of the Salesforce platform, enabling the strongest levels of control including the ability to host a client's environment on-premises or in a private cloud.
"AutoRABIT has proven itself essential to companies in the financial industry for optimizing their release process while remaining compliant with strict regulatory guidelines," said Eric Pearson, Product Manager of Security & Compliance at AutoRABIT.
Automated tooling like CodeScan by AutoRABIT—a static code analysis solution that provides total visibility into code health—and Automated Release Management—a CI/CD solution to increase speed to market—enable those in the financial industry to remain competitive in an evolving market while remaining secure.
AutoRABIT Vault Data Backup & Recovery offers complete snapshots of Salesforce data and metadata along with encryption, pseudonymization, and anonymization of protected information. These and other functionalities assist with GDPR, CCPA, and SOX compliance.
SaaS Awards finalists will be announced on Tuesday, August 23, 2022, with the ultimate category winners announced on Tuesday, September 13, 2022.
AutoRABIT was founded in 2015 to help developers regain control of their development cycles, increase deployment velocity, and deliver value within their organizations through a continuous delivery model. Today, AutoRABIT's suite of release management tools is the most comprehensive and secure in the market, and its customers are realizing the benefits of faster and more secure deployment in their Salesforce environments. Learn more at www.autorabit.com.
MEDIA CONTACT
Nicole Paleologus
Next PR
AutoRABIT@nextpr.com
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SOURCE AutoRABIT | https://www.kxii.com/prnewswire/2022/07/14/autorabit-shortlisted-2022-saas-awards/ | 2022-07-14T13:22:40Z |
New Jobs and Investment Also to Go to Ford's Lima and Sharonville Plants
AVON LAKE, Ohio, June 2, 2022 /PRNewswire/ -- Ohio Governor Mike DeWine, Lt. Governor Jon Husted, and JobsOhio joined representatives from the Ford Motor Company today to announce that Ford is investing $1.5 billion into Lorain County at the Ford Ohio Assembly Plant in Avon Lake to assemble an all-new commercial electric vehicle (EV). This investment will create 1,800 new hourly jobs.
"The ingenuity and talent of Ohio's automotive workforce are second to none, and Ford's investment in Avon Lake will play an essential role in growing the EV space," said Ohio Governor Mike DeWine. "Ford has been a partner in Ohio for generations, and its confidence in the Ford Ohio Assembly Plant operations secures EV operations in Lorain County that will be critical for decades to come."
In addition to the 1,800 new jobs to make the new commercial EV at the Ford Ohio Assembly Plant, the expanded facility will continue producing Ford's E-series van, medium-duty trucks and Super Duty chassis cabs. Ford also announced an additional 90 jobs and a $100 million investment between its Lima Engine Plant and Sharonville Transmission plants.
"There are many wonderful aspects to a day like today, but the special news for Northeast Ohio is that there will be 1,800 new, good-paying jobs with health care benefits and the higher quality of life and job security that comes along with it," said Lt. Governor Husted. "Governor DeWine and I are glad Ford chose Ohio to help manufacture this EV vehicle, continuing the region's extensive legacy in automotive innovation."
Construction on Ford's Ohio Assembly Plant in Avon Lake is expected to begin later this year; assembly on the commercial electric vehicle is expected to begin in mid-decade.
"Ohio is one of the world's great automotive hubs and a key manufacturing state that has been central to Ford since we first opened Ohio Assembly Plant in 1958," said Kumar Galhotra, president, Ford Blue. "Ford is proud to assemble more vehicles and employ more union autoworkers in the U.S. than any other auto manufacturer, and our commitment to the state of Ohio deepens today with the creation of 1,800 union jobs and $1.5 billion investment to build an all-new commercial EV at Ohio Assembly Plant."
The Ford Motor Company, DeWine-Husted Administration, the Ohio Department of Development, the City of Avon Lake, Lorain County, state and local elected officials, and Ohio's Congressional delegation all collaborated with JobsOhio to bring the project to Avon Lake. JobsOhio, the state's private nonprofit economic development corporation, has placed significant focus on supporting the automotive supply chain as original equipment manufacturers have begun to place a major focus on electric vehicle production.
"The Avon Lake facility represents the automotive heritage of Ohio and our world-class labor workforce and also our shared commitment with Ford to advancing innovation as we transition – together – to the EV space for future production," said J.P. Nauseef, JobsOhio president and CEO. "As manufacturing continues to evolve in Lorain County, JobsOhio and our partners are committed to protecting and growing Ohio's automotive industry by positioning the state as a global EV leader."
Ford operates facilities in Avon Lake, Brook Park, Lima, and Sharonville and has more than 7,000 employees in Ohio.
"Today's investment by Ford in Avon Lake is a testament to the world-class workforce in Lorain County and Northeast Ohio," said State Senator Nathan Manning. "I'm proud to have supported the Megaproject legislation that will help Ohio win life-changing investments like this one. This is a perfect example of the success that is possible when JobsOhio, the State of Ohio, and our regional and local partners work together as one team."
To support the expansion of the Ford Ohio Assembly Plant in Avon Lake, the Ohio Tax Credit Authority will consider a tax credit at a future meeting, and JobsOhio also plans to provide grant assistance.
Ohio's commitment to innovation makes it a natural fit for the thriving electric vehicle supply chain and electric vehicle manufacturing opportunities. Ohio's vast history in the automotive industry and automotive supply chain, as well as its overall proximity to resources, manufacturers, and end markets, put the state in a prime position for future electric vehicle production.
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SOURCE JobsOhio | https://www.mysuncoast.com/prnewswire/2022/06/02/governor-dewine-ford-motor-company-announce-1800-new-jobs-assemble-new-commercial-electric-vehicle/ | 2022-06-02T14:24:16Z |
Mom charged with child abuse after kindergartner mistakenly takes THC gummies to school, prosecutor says
VIENNA TOWNSHIP, Mich. (WNEM/Gray News) – A Michigan mother was charged with second-degree child abuse after her 6-year-old child took a package of THC-laced gummies to school, resulting in four kindergartners being hospitalized, officials said.
According to Genesee County Prosecutor David Leyton, the child took the gummies to Edgerton Elementary School in Vienna Township, about 15 miles north of Flint.
Leyton said the mother, identified as Melinda Gaticia, made her own THC gummies at home and placed them in a Life Savers package. She then left them in reach of her 6-year-old child, who took them to school Friday to share with classmates, Leyton said.
“If you are gonna do edibles, eat gummies, you have to safe keep them,” Leyton said.
In the kindergarten classroom, four students fell ill from the gummies and were hospitalized. Three of the students were discharged the next day, and the fourth student was discharged after two days, according to Clio Area Schools Superintendent Fletcher Spears.
Spears said all four students are now back at school.
Gaticia was taken into custody Wednesday after turning herself in. Leyton said the second-degree child abuse charge is punishable by up to 10 years in prison.
Copyright 2022 WNEM via Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/05/04/mom-charged-with-child-abuse-after-kindergartner-mistakenly-takes-thc-gummies-school-prosecutor-says/ | 2022-05-05T05:14:31Z |
Solution can now be sold in the U.S. and around the world, providing customers an alternative to the SAS language environment
TROY, Mich., June 27, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), paid and fully satisfied the 2019 North Carolina judgment SAS Institute obtained against recently acquired World Programming (WPL), a UK-based technology company that specializes in data analytics software. Shortly thereafter on March 3, 2022, the North Carolina court lifted the injunction that had previously prevented WPL from licensing its solutions to new customers in the United States. Altair can now license WPL solutions to customers in the United States and around the world.
With its payment of the 2019 North Carolina judgment, Altair brought an end to nearly 12 years of litigation between SAS and WPL except for an appeal filed by SAS in the Court of Appeals for the Federal Circuit after a federal court in Texas ruled against SAS on its copyright and patent claims.
"WPL exemplifies our dedication to open architecture technology, which we believe is the best way people can harness innovation, improve products, and get the most from their work. Offering the flexibility to translate and interchange coding languages will allow organizations to build the foundation for more robust, powerful, and agile organizational processes," said James R. Scapa, founder and chief executive officer, Altair. "Now, companies in any industry across the globe can embrace open-source languages and technology while simultaneously leveraging the decades of investment they've put into the SAS language."
WPL's technology has been brought into the Altair suite of data analytics solutions and allows users to develop and execute software solutions in multi-language coding environments. Customers can utilize modern, open-source languages like Python, R, and SQL alongside established, legacy languages like the SAS language. These products include:
- Altair SLC: Runs programs written in the SAS language syntax without users needing to translate it or license third-party products. Also features a built-in SAS language compiler that runs the SAS language and SQL code and utilizes Python and R compilers to run Python and R code and exchange SAS language datasets, Pandas, and R data frames.
- Altair SmartWorks Hub: Gives users and organizations centralized governance and deployment services for every step in the data analytics lifecycle. Also lets organizations control access to data sources and deployed applications, stores audit logs about all user actions, and gives all users the power to handle tasks once considered the exclusive domain of information technology (IT) and DevOps teams.
- Altair Analytics Workbench: Empowers users to break down data silos, improve productivity, and reduce costs by giving teams a single platform where all users can connect, prepare, discover, and model any data. Also gives users an intuitive, drag-and-drop interface that lets them include Python, R, and SQL code into their SAS language programs – without needing to license third-party programs to run the SAS language programs.
With the acquisition of WPL, Altair is the first company to give organizations an alternative environment with the flexibility to leverage their decades of investment in the SAS language alongside modern, open-source coding languages, giving them the true power of a hybrid approach. Customers don't have to reprogram old code if they want to incorporate existing SAS language code into new platforms where R, SQL, or Python is the dominant language. Additionally, organizations can use the newly acquired WPL technology to integrate SAS language code that has been running on outdated servers into new servers without having to worry about incurring additional power-based licensing costs.
Altair SLC, Altair SmartWorks Hub, and Altair Analytics Workbench are available via Altair Units, which gives customers easy access to Altair's entire portfolio of software solutions.
About Altair
Altair is a global leader in computational science and artificial intelligence (AI) that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. For more information, visit https://www.altair.com/.
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SOURCE Altair | https://www.wibw.com/prnewswire/2022/06/27/court-lifts-final-injunction-favor-altair-world-programming-case/ | 2022-06-27T12:22:44Z |
17 missing, dozens hurt as fire rages in Cuban oil tank farm
HAVANA (AP) — A fire set off by a lightning strike at an oil storage facility raged uncontrolled Saturday in the city of Matanzas, where four explosions and flames injured nearly 80 people and left 17 firefighters missing, Cuban authorities said.
Firefighters and other specialists were still trying to quell the blaze at the Matanzas Supertanker Base, where the fire began during a thunderstorm Friday night, the Ministry of Energy and Mines tweeted. The governmeht said later that it had asked for help from international experts in “friendly countries” with experience in the oil sector.
The official Cuban News Agency said lightning hit one tank, starting a fire, and the blaze later spread to a second tank. As military helicopters flew overhead dropping water on the blaze, dense column of black smoke billowed from the facility and spread westward more than 100 kilometers (62 miles) toward Havana.
Roberto de la Torre, head of fire operations in Matanzas, said firefighters were spraying water on intact tanks trying to keep them cool in hopes of preventing the fire from spreading.
The Facebook page of the provincial government of Matanzas said the number of injured had reached 77, while 17 people were missing. The Presidency of the Republic said the 17 were “firefighters who were in the nearest area trying to prevent the spread.”
Seven of the injured were taken to Calixto García Hospital in Havana, which has a prominent burn unit.
The accident comes as Cuba struggles with fuel shortages. There was no immediate word on how much oil had burned or was in danger at the storage facility, which has eight giant tanks that hold oil used to fuel electricity generating plants.
“I was in the gym when I felt the first explosion. A column of smoke and terrible fire rose through the skies,” resident Adiel Gonzalez told The Associated Press by phone. “The city has a strong smell of sulfur.”
Authorities said about 800 people were evacuated from the Dubrocq neighborhood closest to the fire, while Gonzalez added that some people decided to leave the Versailles district, which is a little farther from the tank farm.
Many ambulances, police and fire engines were seen in the streets of Matanzas, a city with about 140,000 inhabitants that is on Matnzas Bay.
Cuban President Miguel Diaz-Canel traveled to the area of the fire early Saturday, officials said.
Local meteorologist Elier Pila showed satellite images of the area with a dense plume of black smoke moving from the point of the fire westward and reaching east to Havana.
“That plume can be close to 150 kilometers long,” Pila wrote on his Twitter account.
___
Andrea Rodríguez on Twitter: www.twitter.com/ARodriguezAP
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/08/06/17-missing-dozens-hurt-fire-rages-cuban-oil-tank-farm/ | 2022-08-06T20:23:42Z |
Tiffany Haddish says she "deeply" regrets performing in a skit years ago that led to her and fellow comedic actor Aries Spears being accused of child sex abuse.
"I'm right there with you," she continued. "Unfortunately, because there is an ongoing legal case, there's very little that I can say right now."
Haddish and Spears have been accused of having "groomed and molested" two then-minor siblings, according to a lawsuit filed in Los Angeles Superior Court last week.
"Jane Doe" and "John Doe" (their names are withheld to protect their privacy) were 14 and 7, respectively, when they allege that Haddish and Spears had them participate in sexually suggestive videos in separate incidents in 2013 and 2014, according to the complaint, a copy of which was obtained by CNN.
"He isn't going to fall for any shakedown," Debra Opri, an attorney for Spears, said in a statement to CNN.
An attorney for Haddish told CNN that the plaintiff's mother "has been trying to assert these bogus claims against Ms. Haddish for several years."
"Every attorney who has initially taken on her case -- and there were several -- ultimately dropped the matter once it became clear that the claims were meritless and Ms. Haddish would not be shaken down," the statement read, adding that the mother "has her adult daughter representing herself in this lawsuit. The two of them will together face the consequences of pursuing this frivolous action."
"John Doe" alleges that in summer 2014, Haddish "offered to book, arrange, and film Mr. Doe content for a Nickelodeon sizzle reel at the home of Spears. Haddish claimed the reel would be used to book Mr. Doe on Nickelodeon."
"Upon information and belief, Haddish and Spears removed the 7-year-old victim from his sister, placed him upstairs in a bedroom, and stripped the child down to his underwear," according to the suit. "The video was entitled 'Through A Pedophiles Eyes' and shows Spears lusting over the 7-year-old child" and rubbing his back.
Haddish played the boy's mother in the video, which has circulated on social media.
In her statement Monday, Haddish wrote that "...while this sketch was intended to be comedic, it wasn't funny at all - and I deeply regret having agreed to act in it."
"I really look forward to being able to share a lot more about this situation as soon as I can," Haddish concluded her statement.
Keep it Clean. Please avoid obscene, vulgar, lewd,
racist or sexually-oriented language. PLEASE TURN OFF YOUR CAPS LOCK. Don't Threaten. Threats of harming another
person will not be tolerated. Be Truthful. Don't knowingly lie about anyone
or anything. Be Nice. No racism, sexism or any sort of -ism
that is degrading to another person. Be Proactive. Use the 'Report' link on
each comment to let us know of abusive posts. Share with Us. We'd love to hear eyewitness
accounts, the history behind an article. | https://www.albanyherald.com/entertainment/tiffany-haddish-speaks-out-on-child-sex-abuse-suit/article_fea992ab-76f2-5847-9fae-73f34f241073.html | 2022-09-05T18:21:06Z |
TOKYO, July 22, 2022 /PRNewswire/ -- KLab Inc., a leader in online mobile games, announced that its hit 3D action game Bleach: Brave Souls, currently available on smartphones, PC, and PlayStation 4, will celebrate its 7th anniversary on Saturday, July 23rd. See the original press release (https://www.klab.com/en/press/) for more details.
The Bleach: Brave Souls 7th Anniversary Campaign begins on the same day, Saturday, July 23rd. The campaign will have a Summons featuring special 7th anniversary designs, supervised by Tite Kubo, of Ichigo Kurosaki and Uryu Ishida, a chance for up to 100 free Summons, and much more.
There will also be plenty of great rewards during Brave Souls 7 Years 7 Campaigns so be sure not to miss out.
Brave Souls 7th Anniversary Character PV:
https://www.youtube.com/watch?v=WD2rcQSqtg4
For details, please see the official website and in-app announcements.
Brave Souls 7th Anniversary Retweet Campaign
We are giving away prizes to 1,000 lucky winners in this retweet campaign to celebrate the 7th anniversary of Bleach: Brave Souls starting Saturday, July 23rd.
Simply follow and retweet the specified tweet from the Bleach: Brave Souls official Twitter account (@Bleachbrs_en) to get a response showing if you won.
1,000 people will be selected to get prizes like a Brave Souls Original Canvas Board, a Revolution Pro Controller 3, and more.
Download here:
App Store: https://itunes.apple.com/app/id1003168863
Google Play: https://play.google.com/store/apps/details?id=com.klab.bleach
Steam: https://store.steampowered.com/app/1201240/BLEACH_Brave_Souls
PlayStation Store: https://store.playstation.com/concept/10002097
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SOURCE KLab Inc. | https://www.wibw.com/prnewswire/2022/07/22/bleach-brave-souls-7th-anniversary-begins-saturday-july-23rd/ | 2022-07-22T13:15:23Z |
MONETT, Mo., Aug. 16, 2022 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ: JKHY), a leading, well-rounded provider of technology solutions and payment processing services primarily for the financial services industry, today announces results for the fourth quarter and full fiscal year ended June 30, 2022.
Fiscal year summary:
- GAAP revenue increased 11% and GAAP operating income increased 19% for the fiscal year ended June 30, 2022 compared to the prior fiscal year.
- Non-GAAP adjusted revenue increased 9% and non-GAAP adjusted operating income increased 13% for the fiscal year ended June 30, 2022 compared to the prior fiscal year.1
- GAAP EPS was $4.94 per diluted share for the fiscal year ended June 30, 2022, compared to $4.12 for the prior fiscal year.
- Cash at June 30, 2022 was $48.8 million and $51.0 million at June 30, 2021.
- Debt related to the revolving credit line was $115 million at June 30, 2022 and $100 million at June 30, 2021.
Fourth quarter summary:
- GAAP revenue increased 7% and GAAP operating income increased 8% for the fiscal quarter ended June 30, 2022 compared to the prior-year fiscal quarter.
- Non-GAAP adjusted revenue increased 8% and non-GAAP adjusted operating income increased 13% for the fiscal quarter ended June 30, 2022 compared to the prior-year fiscal quarter.1
- GAAP EPS was $1.10 per diluted share for the fiscal quarter ended June 30, 2022, compared to $1.04 in the prior-year fiscal quarter.
Full-year fiscal 2023 guidance:
- GAAP revenue $2,080 million to $2,087 million
- GAAP EPS $5.05 to $5.09
- Non-GAAP revenue $2,045 million to $2,052 million2
1 See tables below reconciling non-GAAP financial measures to GAAP.
2 See tables below reconciling fiscal year 2023 GAAP to non-GAAP guidance.
3 See tables below on page 12 reconciling Net Income to non-GAAP EBITDA.
Operating Results
Revenue, operating expenses, operating income, and net income for the three months and fiscal year ended June 30, 2022, as compared to the three months and fiscal year ended June 30, 2021, were as follows (all dollar amounts in this section are in thousands, except for per share amounts):
- Services and support revenue increased for fourth quarter fiscal 2022 primarily driven by growth in cloud processing revenue of 12.3% and increased implementation fee revenue, partially offset by a decrease in deconversion fees of $3,009. Processing revenue increased for the fourth quarter fiscal 2022 primarily driven by growth in Jack Henry digital revenue of 31.3%, and increased card processing revenue. Other increases were in payment processing and remote capture and automated clearinghouse (ACH) fee revenues.
- Services and support revenue increased for fiscal 2022 primarily driven by growth in cloud processing revenue of 12.0% and an increase in deconversion fees of $32,644. Other increases were in implementation fee and software usage fee revenues. Processing revenue increased for fiscal 2022 primarily driven by growth in card processing of 8.1%. Other increases were in Jack Henry digital, remote capture and ACH fee, and payment processing revenues.
- For fourth quarter fiscal 2022, core segment revenue increased 8%, payments segment revenue increased 5%, complementary segment revenue increased 9%, and corporate and other segment revenue increased 22%. Non-GAAP adjusted core segment revenue increased 9%, non-GAAP adjusted payments segment revenue increased 5%, non-GAAP adjusted complementary segment revenue increased 10%, and non-GAAP adjusted corporate and other segment revenue increased 21% (see revenue lines of segment break-out tables on page 5 below).
- For fiscal 2022, core segment revenue increased 10%, payments segment revenue increased 10%, complementary segment revenue increased 11%, and corporate and other segment revenue increased 14%. Non-GAAP adjusted core segment revenue increased 8%, non-GAAP adjusted payments segment revenue increased 9%, non-GAAP adjusted complementary segment revenue increased 9%, and non-GAAP adjusted corporate and other segment revenue increased 13% (see revenue lines of segment break-out tables on page 6 below).
Operating Expenses and Operating Income
- Cost of revenue increased for fourth quarter fiscal 2022 primarily due to higher costs associated with our card processing platform commensurate with related increases in revenue, operating licenses and fees, and personnel costs. Cost of revenue increased for fiscal 2022 primarily due to higher costs associated with our card processing platform commensurate with related increases in revenue, personnel costs, and operating licenses and fees.
- Research and development expense increased for fourth quarter and fiscal 2022 primarily due to higher personnel costs (net of capitalized personnel costs).
- Selling, general, and administrative expense increased for the fourth quarter fiscal 2022 primarily due to higher personnel costs and travel expenses. Selling, general, and administrative expense increased for fiscal 2022 primarily due to higher personnel costs and travel expenses, a smaller gain on sale of assets in the current fiscal year, and an increase in deconversion costs in line with the associated increase in deconversion revenues.
Net Income
- Effective tax rates for the fourth quarter of fiscal years 2022 and 2021 were 21.8% and 19.7%, respectively. Effective tax rates for fiscal years 2022 and 2021 were 23.2% and 21.7%, respectively.
- The Company repurchased 1.25 million shares of common stock during fiscal 2022 and 2.80 million shares of common stock during fiscal 2021. Common stock repurchases during fiscal 2022 contributed $0.02 to diluted earnings per share for the fourth quarter fiscal 2022 and $0.05 for the full fiscal year. Common stock repurchases during fiscal 2021 contributed $0.04 to diluted earnings per share for the fourth quarter fiscal 2021 and $0.07 for the full fiscal year.
4 Operating margin is calculated by dividing operating income by revenue.
Impact of Non-GAAP Adjustments
The table below shows our revenue and operating income (in thousands) for the three months and fiscal year ended June 30, 2022 compared to the three months and fiscal year ended June 30, 2021, excluding the impacts of deconversion fees and acquisitions, divestitures, and gain/loss.
The tables below show the segment break-out of revenue and cost of revenue for each period presented, as adjusted for the items above, and include a reconciliation to non-GAAP adjusted operating income presented above.
The table below shows our GAAP to non-GAAP guidance for fiscal year ended June 30, 2023. Non-GAAP guidance excludes the impacts of deconversion fee revenue.
Balance Sheet and Cash Flow Review
- At June 30, 2022, cash and cash equivalents decreased to $48.8 million from $51.0 million at June 30, 2021.
- Trade receivables totaled $348.1 million at June 30, 2022 compared to $306.6 million at June 30, 2021.
- The Company had $115 million of borrowings at June 30, 2022 and $100 million at June 30, 2021.
- Total deferred revenue increased to $402.2 million at June 30, 2022, compared to $395.6 million a year ago.
- Stockholders' equity increased to $1,381.6 million at June 30, 2022, compared to $1,319.3 million a year ago.
* See tables on page 8 for Net Cash Provided by Operating Activities and on page 12 for Return on Average Shareholders' Equity. Tables reconciling the non-GAAP measures Free Cash Flow and return on invested capital (ROIC) to GAAP measures are also on page 12. See Use of Non-GAAP Financial Information below for definition of Free Cash Flow and ROIC.
The following table summarizes net cash from operating activities:
The following table summarizes net cash from investing activities:
The following table summarizes net cash from financing activities:
Use of Non-GAAP Financial Information
Generally Accepted Accounting Principles (GAAP) is the term used to refer to the standard framework of guidelines for financial accounting in the United States. GAAP include the standards, conventions, and rules accountants follow in recording and summarizing transactions in the preparation of financial statements. In addition to reporting financial results in accordance with GAAP, we have provided certain non-GAAP financial measures, including adjusted revenue, adjusted operating income, adjusted segment income, adjusted cost of revenue, adjusted operating expenses, non-GAAP earnings before interest, taxes, depreciation, and amortization (non-GAAP EBITDA), free cash flow, and return on invested capital (ROIC).
We believe non-GAAP financial measures help investors better understand the underlying fundamentals and true operations of our business. The non-GAAP financial measures adjusted revenue, adjusted operating income, adjusted segment income, adjusted cost of revenue, and adjusted operating expenses presented eliminate one-time deconversion fees, acquisitions, divestitures, and gain/loss, all of which management believes are not indicative of the Company's operating performance. Such adjustments give investors further insight into our performance. Non-GAAP EBITDA is defined as net income attributable to the Company before the effect of interest expense, taxes, depreciation, and amortization, adjusted for net income before the effect of interest expense, taxes, depreciation, and amortization attributable to eliminated one-time deconversion fees, acquisitions and divestitures, and gain/loss. Free cash flow is defined as net cash from operating activities, less capitalized expenditures, internal use software, and capitalized software, plus proceeds from the sale of assets. ROIC is defined as net income divided by average invested capital, which is the average of beginning and ending long-term debt and stockholders' equity for a given period. Management believes that non-GAAP EBITDA is an important measure of the Company's overall operating performance and excludes certain costs and other transactions that management deems one time or non-operational in nature; free cash flow is useful to measure the funds generated in a given period that are available for debt service requirements and strategic capital decisions; and ROIC is a measure of the Company's allocation efficiency and effectiveness of its invested capital. For these reasons, management also uses these non-GAAP financial measures in its assessment and management of the Company's performance.
Non-GAAP financial measures used by the Company may not be comparable to similarly titled non-GAAP measures used by other companies. Non-GAAP financial measures have no standardized meaning prescribed by GAAP and therefore, are unlikely to be comparable with calculations of similar measures for other companies.
Any non-GAAP financial measures should be considered in context with the GAAP financial presentation and should not be considered in isolation or as a substitute for GAAP measures. Reconciliations of the non-GAAP financial measures to related GAAP measures are included.
COVID-19 Impact and Response
Since its outbreak in early calendar 2020, COVID-19 has rapidly spread and continues to represent a public health concern. The health, safety, and well-being of our employees and customers is of paramount importance to us. In March 2020, we established an internal task force composed of executive officers and other members of management to frequently assess updates to the COVID-19 situation and recommend Company actions. We offered remote working as a recommended option to employees whose job duties allowed them to work off-site, and we suspended all non-essential business travel. As of August 15, 2022, the majority of our employees were continuing to work remotely either full time or in a hybrid capacity. We have announced that our official return-to-office date is September 6, 2022, though employees have been permitted to voluntarily return to the office since May 2, 2022. Individual decisions on returning to the office will be manager-coordinated and based on conversations with specific teams and departments. A large number of our employees have requested to remain fully remote or participate in a hybrid approach where they would split their time between remote and in-person working. While our business travel is normalizing, we do not expect it to return to pre-pandemic levels and continue to encourage a cautious approach to business travel activities.
Customers
We work closely with our customers who are scheduled for on-site visits to ensure their needs are met while taking necessary safety precautions when our employees are required to be at a customer site. Delays of customer system installations due to COVID-19 have been limited, and we have developed processes to handle remote installations when available. We expect these processes to provide flexibility and value both during and after the COVID-19 pandemic. Even though a substantial portion of our workforce has worked remotely during the outbreak and business travel has been limited, we have not yet experienced significant disruption to our operations. We believe our technological capabilities are well positioned to allow our employees to work remotely without materially impacting our business.
Financial impact
Despite the changes and restrictions caused by COVID-19, the overall financial and operational impact on our business has been limited and our liquidity, balance sheet, and business trends remain strong. We experienced positive operating cash flows during fiscal 2022, and we do not expect that to change in the near term. However, we are unable to accurately predict the future impact of COVID-19 due to a number of uncertainties, including further government actions; the duration, severity and recurrence of the outbreak, including the onset of variants of the virus; the effectiveness of vaccines against new variants; the development and effectiveness of treatments; the effect on the economy generally; the potential impact to our customers, vendors, and employees; and how the potential impact might affect future customer services, processing and installation-related revenue, and processes and efficiencies within the Company directly or indirectly impacting financial results. We will continue to monitor COVID-19 and its possible impact on the Company and to take steps necessary to protect the health and safety of our employees and customers.
Quarterly Conference Call
The Company will hold a conference call on August 17, 2022; at 7:45 a.m. Central Time and investors are invited to listen at www.jackhenry.com. A webcast replay will be available approximately one hour after the event at ir.jackhenry.com/events-and-presentations and will remain available for one year.
About Jack Henry & Associates, Inc.®
Jack Henry (NASDAQ: JKHY) is a well-rounded leading provider of technology solutions primarily for the financial services industry. We are an S&P 500 company that serves approximately 7,850 clients nationwide. We provide core innovative solutions to community and regional banks; core industry-leading solutions to credit unions of all sizes; and non-core highly specialized solutions to financial institutions of every asset size, as well as diverse corporate entities outside of the financial services industry. With a heritage that has been dedicated to openness, partnership, and user centricity for more than 40 years, we are well-positioned as a driving market force in future-ready digital solutions and payment processing services. We empower our clients and consumers with the human-centered, tech-forward, and insights-driven solutions that will get them where they want to go. Are you future ready? Additional information is available at www.jackhenry.com.
Statements made in this news release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Because forward-looking statements relate to the future, they are subject to inherent risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, those discussed in the Company's Securities and Exchange Commission filings, including the Company's most recent reports on Form 10-K and Form 10-Q, particularly under the heading Risk Factors. Any forward-looking statement made in this news release speaks only as of the date of the news release, and the Company expressly disclaims any obligation to publicly update or revise any forward-looking statement, whether because of new information, future events or otherwise.
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SOURCE Jack Henry & Associates, Inc. | https://www.mysuncoast.com/prnewswire/2022/08/16/jack-henry-amp-associates-inc-reports-full-year-fiscal-2022-results/ | 2022-08-16T21:04:36Z |
Florida big man, leading scorer Castleton back for 5th year
By MARK LONG
AP Sports Writer
GAINESVILLE, Fla. (AP) — Florida big man Colin Castleton is returning for a fifth season. It’s a huge boost for new coach Todd Golden. Castleton led the Gators in scoring and rebounding last season. The 6-foot-11 forward from nearby DeLand averaged 16.2 points and 9.0 rebounds despite playing nearly the final dozen games with a torn labrum that will require surgery. He also finished second in the Southeastern Conference with 62 blocked shots. He thanked “everyone who helped me make this decision” and added: “Everyone’s process is different, and I’m adding another chapter to mine.” | https://localnews8.com/sports/ap-national-sports/2022/04/11/florida-big-man-leading-scorer-castleton-back-for-5th-year/ | 2022-04-11T17:38:52Z |
Private services for William “Willie” Alvin Lesikar, 84, of Temple will be held at a later date.
Mr. Lesikar died Wednesday, April 27, at a Temple hospital.
He was born Sept. 6, 1937, in Buckholts to William and Annemarie Stoklas Lesikar. He graduated from Buckholts High School and attended Temple Junior College. He worked for the Temple Daily Telegram. He attended Buckholts Brethren Church. He married Sylvia Nicholson in 1991. He was a rancher.
Survivors include his wife; a stepdaughter, Nora Burnham of Waco; and 3 stepgrandchildren.
Hewett-Arney Funeral Home in Temple is in charge of arrangements. | https://www.tdtnews.com/obituaries/article_82144b76-c73d-11ec-9ee1-bbdec60e3938.html | 2022-04-29T08:28:33Z |
Simone Biles, others seek $1B-plus from FBI over Nassar
DETROIT (AP) — Former Olympic gymnasts, including gold medalist Simone Biles, are among dozens of assault victims who are seeking more than $1 billion from the FBI for failing to stop sports doctor Larry Nassar, lawyers said Wednesday.
There’s no dispute that FBI agents in 2015 knew that Nassar was accused of molesting gymnasts, but they failed to act, leaving him free to continue to target young women and girls for more than a year.
“It is time for the FBI to be held accountable,” said Maggie Nichols, a national champion gymnast at Oklahoma in 2017-19.
Under federal law, a government agency has six months to respond to the tort claim. Lawsuits could follow, depending on the FBI’s response. The Justice Department said in May that it would not pursue criminal charges against former FBI agents who failed to quickly open an investigation.
The approximately 90 claimants include Biles, Aly Raisman and McKayla Maroney, all Olympic gold medalists, according to Manly, Stewart & Finaldi, a California law firm.
“If the FBI had simply done its job, Nassar would have been stopped before he ever had the chance to abuse hundreds of girls, including me,” said former University of Michigan gymnast Samantha Roy.
Indianapolis-based USA Gymnastics told local FBI agents in 2015 that three gymnasts said they were assaulted by Nassar, a team doctor. But the FBI did not open a formal investigation or inform federal or state authorities in Michigan, according to the Justice Department’s inspector general, an internal watchdog.
Los Angeles FBI agents in 2016 began a sexual tourism investigation against Nassar and interviewed several victims but also didn’t alert Michigan authorities, the inspector general said.
Nassar wasn’t arrested until fall 2016 during an investigation by Michigan State University police. He was a doctor at Michigan State.
The Michigan attorney general’s office ultimately handled the assault charges against Nassar, while federal prosecutors in Grand Rapids, Michigan, filed a child pornography case. He is serving decades in prison.
The FBI declined to comment in April when a smaller batch of claims was filed, referring instead to Director Christopher Wray’s remarks to Congress in 2021.
“I’m especially sorry that there were people at the FBI who had their own chance to stop this monster back in 2015 and failed. And that’s inexcusable,” Wray told victims at a Senate hearing.
Michigan State University, which was also accused of missing chances over many years to stop Nassar, agreed to pay $500 million to more than 300 women and girls who were assaulted. USA Gymnastics and the U.S. Olympic and Paralympic Committee made a $380 million settlement.
___
For more stories on Larry Nassar and the fallout from his years of sexual abusing young women and girls: https://www.apnews.com/LarryNassar
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/06/08/simone-biles-others-seek-1b-plus-fbi-over-nassar/ | 2022-06-08T11:54:46Z |
LONDON (AP) — The U.N. atomic agency’s 35-nation Board of Governors passed a resolution Thursday calling on Moscow to immediately end its occupation of a Ukrainian nuclear power plant, where shelling of the facility and nearby areas in recent weeks heightened fears of a possible radiation disaster.
Poland and Canada proposed the resolution on behalf of Ukraine, which is not a member of the International Atomic Energy Agency’s top decision-making body. It passed with 26 votes. Russia and China voted against it while seven Asian and African countries abstained.
The document adopted a markedly harsher tone than previous statements by officials from the Vienna-based IAEA, who largely limited themselves to calling for a “security zone” around Europe’s largest nuclear plant. The resolution says the board “deplores the Russian Federation’s persistent violent actions against nuclear facilities in Ukraine, including forcefully seizing control of nuclear facilities.”
It urges Russia to “immediately cease all actions against, and at, the Zaporizhzhia Nuclear Power Plant and any other nuclear facility in Ukraine.” Russia seized radioactive waste facilities in Chernobyl, the site of the world’s worst nuclear disaster in 1986, at the start of the war but later withdrew.
The resolution also appeals to Russia to return control of the power station to Ukrainian authorities, adding that the presence of Russian troops at the plant significantly increases the risk of a nuclear accident. The plant continues to be operated by its pre-occupation Ukrainian staff, in conditions that the IAEA previously described as endangering the site’s safety.
Russia’s permanent mission to international organizations in Vienna, including the IAEA, hit out at the resolution as “anti-Russian.”
“The Achilles’ heel of this resolution is that it does not say a word about the systematic shelling of the Zaporizhzhia Nuclear Power Plant, which is the main problem in terms of ensuring nuclear safety and security in the world,” the Russian mission said in a statement Thursday, according to the Russian Interfax agency.
“The reason is simple – the shelling is carried out by Ukraine, which Western countries support and protect in every possible way,” the statement added. Moscow and Kyiv have repeatedly accused each other of firing at and around the plant.
The Russian mission noted the abstentions of the seven Asian and African countries, including Burundi, Vietnam, Egypt, India, Pakistan, Senegal, and South Africa.
“Most of humanity refused to support this project,” it said.
Ukrainian officials, for their part, hailed the resolution as evidence of the IAEA’s “adequate response” to the situation around the crippled plant.
“The resolution of the IAEA Board of Governors, demanding that Russia de-occupy the Zaporizhzhia plant, is a good example of an adequate response from an international institution to the actions of a terrorist country,” Ukrainian Energy Minister Herman Halushchenko wrote on Facebook.
Halushchenko thanked the board for “calling everything by its proper name” and accused Moscow of unleashing “a shower of manipulative statements” around the situation at the plant.
He also expressed hope that the seven abstaining countries would revise their positions ahead of the IAEA’s general conference later this month.
___
Follow AP’s coverage of the Ukraine war: https://apnews.com/hub/russia-ukraine | https://cw33.com/news/international/ap-international/ap-un-board-calls-on-russia-to-leave-ukraine-nuclear-plant/ | 2022-09-16T15:07:23Z |
BEIJING and TEL AVIV, Israel, April 11, 2022 /PRNewswire/ -- ADAMA Ltd. (SZSE 000553), one of the leading global crop protection companies, announces the appointment of Shahar Florence as Chief Financial Officer (CFO) effective as of May 1, 2022. As CFO, Shahar will manage and oversee the Company's global financial processes, policies and strategies, as well as work closely with Syngenta Group on all financial aspects of the business. Likewise, Shahar will lead all investor relations activities in ADAMA.
Shahar joins ADAMA with over 25 years of financial experience and a track record as a strategic decision-maker and an innovative financial visionary leader, with proven ability to drive sustainable profitable growth, translating corporate vision into bottom line results. Shahar is joining ADAMA following filling various financial positions at Strauss Group LTD for the last 14 years. Most recently, Shahar held the position of Chief Growth & Innovation Officer, having previously held the position of the Group's CFO. Among others, he was responsible for heading the Finance, Business Development and Investor Relations, as well as driving overall innovation for creating economic and strategic value. Shahar holds a bachelor's degree in Economics and Accounting from the Tel-Aviv University, and is a certified CPA.
"Shahar is a strong leader with a track record of proven financial expertise, his global experience and value-enhancing insights will further strengthen our global management team to continue the execution of our growth strategy," says Ignacio Dominguez, President and CEO of ADAMA. "Shahar's wealth of experience, integrity and expertise in international business strategic partnerships and business models, makes him the right person to join our executive management team."
"I am excited to join ADAMA as CFO, to assist the Company in continuing to execute its strategic plans, accelerate sustainable growth and bottom-line results, while delivering value to all stakeholders. I look forward to working with the global team and to build on ADAMA's momentum as we grow and achieve our collective goals," added Shahar Florence.
About ADAMA
ADAMA Ltd. is a global leader in crop protection, providing solutions to farmers across the world to combat weeds, insects and disease. ADAMA has one of the widest and most diverse portfolios of active ingredients in the world, as well as state-of-the-art R&D, manufacturing and formulation facilities. With a culture that empowers our people to listen to farmers and ideate from the field, ADAMA is uniquely positioned to offer a vast array of distinctive mixtures, formulations and high-quality differentiated products, delivering solutions that meet local farmer and customer needs in over 100 countries globally. For more information, visit us at www.ADAMA.com and follow us on Twitter® at @ADAMAAgri.
ADAMA Contact:
Efrat Dayan
Public Relations
Email: pr@adama.com
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SOURCE ADAMA Ltd. | https://www.mysuncoast.com/prnewswire/2022/04/11/adama-announces-appointment-shahar-florence-chief-financial-officer/ | 2022-04-11T11:53:41Z |
DALLAS (KDAF) — After the storms of Monday have gone, it’s time to deal with Tuesday’s weather in North Texas which will see elevated fire danger during the day and a strong cold front incoming by night.
The National Weather Service center in Fort Worth reports it will be an unseasonably warm day with elevated grass fire danger. Afternoon temperatures will climb into the 80s and even lower 90s in some areas (around 10-15 degrees above normal for early April). Paired up with the low humidity, elevated grass fire conditions will be present west of I-35 and south of I-20 Tuesday afternoon.
After the unseasonably warm day, a strong cold front will bring those temps down tonight with windy conditions behind it with speeds around 20-30 mph and gusts possibly up to 40 mph. By Wednesday morning, temps will be in the 50s and will warm up to around 60-70 degrees during the day.
Wednesday will have a breezy cool day through the afternoon hours under sunny skies. | https://cw33.com/news/local/elevated-fire-danger-cold-front-in-store-for-tuesdays-weather-in-north-texas/ | 2022-04-05T18:18:04Z |
President Joe Biden’s top health official has again tested positive for COVID-19, less than a month after he came down with virus symptoms while on a trip to Germany.
U.S. Health Secretary Xavier Becerra woke up with symptoms again Monday morning and tested positive afterward, spokeswoman Sarah Lovenheim said.
His symptoms are mild and he is isolating in Sacramento, California. Lovenheim said Becerra had been in California for a “personal commitment.”
A statement from HHS said the secretary was not believed to be a close contact of Biden or Vice President Kamala Harris, who also tested positive earlier this spring.
Becerra is continuing to work from isolation.
Becerra had joined Biden at the Summit of the Americas last week in Los Angeles. Canadian Prime Minister Justin Trudeau announced Monday that he had tested positive after attending the event, which gathered dignitaries, diplomats and business leaders from across the hemisphere.
Becerra is fully vaccinated and has received a booster shot guarding against the virus.
In May, Becerra tested positive while in Berlin for a meeting of health ministers from the Group of Seven wealthy nations to discuss the ongoing pandemic. His office said then that he had mild symptoms and continued his work from isolation.
HHS said Becerra tested negative for COVID before returning to the United States and multiple times afterward before the positive test Monday.
It’s possible to be re-infected with the virus and get sick with COVID-19 more than once. It’s unclear how often people are re-infected so soon after the first illness, but one early study found that it’s possible, though rare, to test positive for one type of omicron variant, called BA.2, 20 to 60 days after testing positive for the original omicron.
The viral mutant now dominant in the U.S., which scientists call BA.2.12.1, is also a member of the omicron family but has a genetic trait called a “delta mutation” that appears to allow it to escape pre-existing immunity from vaccination and prior infection – especially if someone was infected with the original omicron.
It’s also possible that Becerra didn’t clear his earlier infection – although he tested negative.
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AP reporter Zeke Miller and AP Science Writer Laura Ungar contributed to this story. | https://cw33.com/health/ap-health/hhs-secretary-becerra-tests-positive-for-covid-19-again/ | 2022-06-14T06:55:55Z |
Notice of Data Security Incident
MILWAUKEE, June 9, 2022 /PRNewswire/ -- 90 Degree Benefits Wisconsin location, formerly EBSO, Inc., has become aware of a data security incident that may have involved the protected information of individuals within 90 Degree Benefits Wisconsin's electronic record systems. On June 9, 2022, 90 Degree Benefits Wisconsin sent letters to the potentially impacted individuals to notify them about this incident.
Around February 27, 2022, 90 Degree Benefits Wisconsin experienced a data security incident that impacted certain systems. Upon discovering this, 90 Degree Benefits Wisconsin immediately launched an investigation with the assistance of a leading independent digital forensics firm to determine what happened and whether personal information had been accessed or acquired without authorization. Through this investigation, 90 Degree Benefits Wisconsin learned that systems and files containing personal information were accessed without authorization.
While the investigation was unable to conclude whether certain information was actually viewed or accessed, out of an abundance of caution, 90 Degree Benefits Wisconsin sent notification letters on June 9, 2022, to potentially impacted individuals about this incident, providing information about steps they can take to protect their information. Out of an abundance of caution, we also offered complimentary credit monitoring and identity theft restoration services for individuals who were potentially impacted. 90 Degree Benefits Wisconsin takes the security of customer information very seriously, and we have taken steps to prevent a similar event from occurring in the future.
90 Degree Benefits Wisconsin has established a toll-free call center to answer questions about the incident and to address related concerns. Call center representatives are available Monday through Friday from 8:00 AM to 8:00 PM Central Time and can be reached at 833-774-2180, or you can go to https://response.idx.us/90DegreeBenefitsWisconsin.
The security of information is a top priority at 90 Degree Benefits Wisconsin, and we are committed to safeguarding data and privacy. We deeply regret any inconvenience that this matter may cause.
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SOURCE 90 Degree Benefits Wisconsin location, formerly EBSO, Inc. | https://www.mysuncoast.com/prnewswire/2022/06/09/90-degree-benefits-wisconsin-location-press-release/ | 2022-06-09T21:45:52Z |
3M Separation of Food Safety Business Remains on Track for Targeted September 1 Closing
ST. PAUL, Minn., Aug. 26, 2022 /PRNewswire/ -- Earlier today, the United States Bankruptcy Court in the Southern District of Indiana declined Aearo Technologies' request for a preliminary injunction to ongoing litigation against 3M related to Combat Arms Earplug Version 2 products.
Aearo Technologies and 3M disagree with the ruling and Aearo intends to appeal the decision. Aearo will continue in the chapter 11 proceedings, which it believes will offer a more efficient, equitable and expeditious pathway to resolution of these matters for all parties. 3M also will continue to vigorously defend its position in the multi-district litigation and in its appeals in that litigation.
3M continues to expect to complete the pending separation of its food safety business on the targeted closing date of September 1.
3M (NYSE: MMM) believes science helps create a brighter world for everyone. By unlocking the power of people, ideas and science to reimagine what's possible, our global team uniquely addresses the opportunities and challenges of our customers, communities, and planet. Learn how we're working to improve lives and make what's next at 3M.com/news or on Twitter at @3M or @3MNews.
This news release contains forward-looking information about 3M's financial results and estimates and business prospects that involve substantial risks and uncertainties. You can identify these statements by the use of words such as "anticipate," "estimate," "expect," "aim," "project," "intend," "plan," "believe," "will," "should," "could," "target," "forecast" and other words and terms of similar meaning in connection with any discussion of future operating or financial performance or business plans or prospects. Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, regulatory, capital markets and other external conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) risks related to public health crises such as the global pandemic associated with the coronavirus (COVID-19); (3) foreign currency exchange rates and fluctuations in those rates; (4) liabilities related to certain fluorochemicals, including lawsuits concerning various PFAS-related products and chemistries, and claims and governmental regulatory proceedings and inquiries related to PFAS in a variety of jurisdictions; (5) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2021, as updated by the Company's Current Report on Form 8-K dated April 26, 2022, and any subsequent quarterly reports on Form 10-Q (the "Reports"); (6) competitive conditions and customer preferences; (7) the timing and market acceptance of new product offerings; (8) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (11) operational execution, including scenarios where the Company generates fewer productivity improvements than estimated; (12) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; (13) the Company's credit ratings and its cost of capital; (14) tax-related external conditions, including changes in tax rates, laws or regulations; (15) matters relating to the pending separation of the Company's food safety business and the proposed spin-off of the Company's Health Care business, including in each case whether the transaction will be completed, or if completed, will be on the expected terms; the risk that the expected benefits will not be realized; the risk that the costs or dis-synergies will exceed the anticipated amounts; the ability to satisfy the various closing conditions; potential business disruption; the diversion of management time; the impact of the transaction (or its pendency) on the Company's ability to retain talent; potential impacts on the Company's relationships with its customers, suppliers, employees, regulators and other counterparties; the ability to realize the desired tax treatment (including whether an Internal Revenue Service private letter ruling will be sought or obtained); the risk that any consents or approvals required will not be obtained; risks associated with financings that may be undertaken and indebtedness that may be incurred in connection with the transaction; and (16) matters relating to the voluntary chapter 11 proceedings of the Company's subsidiary Aearo Technologies and certain of its affiliates (the "Aearo Entities"), including legal risks related to the chapter 11 proceedings; potential impacts to the Company's reputation and its relationships with customers, suppliers, employees, regulators and other counterparties and community members; potential impacts to the Company's liquidity or results of operations, including risks related to the amount that will be necessary to fully and finally resolve all of the Company's obligations to make payments to resolve such claims under the terms of its funding and indemnification agreement with the Aearo Entities; and the Aearo Entities' ability to navigate the chapter 11 proceedings to obtain approval and consummation of a plan of reorganization. Changes in such assumptions or factors could produce significantly different results. A further description of these factors is located in the Reports under "Cautionary Note Concerning Factors That May Affect Future Results" and "Risk Factors" in Part I, Items 1 and 1A (Annual Report) and in Part I, Item 2 and Part II, Item 1A (Quarterly Reports). The Company assumes no obligation to update any forward-looking statements discussed herein as a result of new information or future events or developments.
In connection with the proposed transaction, Garden SpinCo Corporation ("SpinCo") filed a registration statement on Form S-4 and Form S-1 (Reg. No. 333-263669) in connection with its separation from 3M that contains a prospectus relating to the shares of SpinCo common stock to be issued in the proposed transaction (as amended and supplemented, the "SpinCo Registration Statement"), which was declared effective by the SEC on August 4, 2022 and Neogen Corporation ("Neogen") filed a registration statement on Form S-4 (Reg. No. 333-263667) that includes a prospectus relating to the shares of Neogen common stock to be issued in the proposed transaction (as amended and supplemented, the "Neogen Registration Statement"), which was declared effective by the SEC on August 4, 2022. In addition, 3M filed with the SEC on August 4, 2022 a Schedule TO (as amended and supplemented, the "3M Schedule TO") in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE SPINCO REGISTRATION STATEMENT, NEOGEN REGISTRATION STATEMENT, 3M SCHEDULE TO AND ANY OTHER RELEVANT DOCUMENTS THAT ARE MADE AVAILABLE BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT NEOGEN, 3M, SPINCO AND THE PROPOSED TRANSACTION. The SpinCo Registration Statement, Neogen Registration Statement, 3M Schedule TO and other documents relating to the proposed transaction (as they become available) can also be obtained free of charge from the SEC's website at www.sec.gov. The SpinCo Registration Statement, Neogen Registration Statement, 3M Schedule TO and other documents (as they become available) can also be obtained free of charge from 3M upon written request to 3M Investor Relations Department, Bldg. 224-1 W-02, St. Paul, MN 55144, or by e-mailing investorrelations@3M.com or upon written request to Neogen's Investor Relations, 620 Lesher Place, Lansing, Michigan 48912 or by e-mailing ir@neogen.com.
This release is not intended to and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote of approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Investor Contact:
Bruce Jermeland
(651) 733-1807
Diane Farrow
(612) 202-2449
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SOURCE 3M | https://www.kxii.com/prnewswire/2022/08/26/3m-statement-regarding-bankruptcy-court-decision/ | 2022-08-26T23:58:16Z |
LONDON (AP) — For years, global health officials have used billions of drops of an oral vaccine in a remarkably effective campaign aimed at wiping out polio in its last remaining strongholds — typically, poor, politically unstable corners of the world.
Now, in a surprising twist in the decades-long effort to eradicate the virus, authorities in Jerusalem, New York and London have discovered evidence that polio is spreading there.
The original source of the virus? The oral vaccine itself.
Scientists have long known about this extremely rare phenomenon. That is why some countries have switched to other polio vaccines. But these incidental infections from the oral formula are becoming more glaring as the world inches closer to eradication of the disease and the number of polio cases caused by the wild, or naturally circulating, virus plummets.
Since 2017, there have been 396 cases of polio caused by the wild virus, versus more than 2,600 linked to the oral vaccine, according to figures from the World Health Organization and its partners.
“We are basically replacing the wild virus with the virus in the vaccine, which is now leading to new outbreaks,” said Scott Barrett, a Columbia University professor who has studied polio eradication. “I would assume that countries like the U.K. and the U.S. will be able to stop transmission quite quickly, but we also thought that about monkeypox.”
The latest incidents represent the first time in several years that vaccine-connected polio virus has turned up in rich countries.
Earlier this year, officials in Israel detected polio in an unvaccinated 3-year-old, who suffered paralysis. Several other children, nearly all of them unvaccinated, were found to have the virus but no symptoms.
In June, British authorities reported finding evidence in sewage that the virus was spreading, though no infections in people were identified. Last week, the government said all children in London ages 1 to 9 would be offered a booster shot.
In the U.S., an unvaccinated young adult suffered paralysis in his legs after being infected with polio, New York officials revealed last month. The virus has also shown up in New York sewers, suggesting it is spreading. But officials said they are not planning a booster campaign because they believe the state’s high vaccination rate should offer enough protection.
Genetic analyses showed that the viruses in the three countries were all “vaccine-derived,” meaning that they were mutated versions of a virus that originated in the oral vaccine.
The oral vaccine at issue has been used since 1988 because it is cheap, easy to administer — two drops are put directly into children’s mouths — and better at protecting entire populations where polio is spreading. It contains a weakened form of the live virus.
But it can also cause polio in about two to four children per 2 million doses. (Four doses are required to be fully immunized.) In extremely rare cases, the weakened virus can also sometimes mutate into a more dangerous form and spark outbreaks, especially in places with poor sanitation and low vaccination levels.
These outbreaks typically begin when people who are vaccinated shed live virus from the vaccine in their feces. From there, the virus can spread within the community and, over time, turn into a form that can paralyze people and start new epidemics.
Many countries that eliminated polio switched to injectable vaccines containing a killed virus decades ago to avoid such risks; the Nordic countries and the Netherlands never used the oral vaccine. The ultimate goal is to move the entire world to the shots once wild polio is eradicated, but some scientists argue that the switch should happen sooner.
“We probably could never have gotten on top of polio in the developing world without the (oral polio vaccine), but this is the price we’re now paying,” said Dr. Paul Offit, director of the Vaccine Education Center at the Children’s Hospital of Philadelphia. “The only way we are going to eliminate polio is to eliminate the use of the oral vaccine.”
Aidan O’Leary, director of WHO’s polio department, described the discovery of polio spreading in London and New York as “a major surprise,” saying that officials have been focused on eradicating the disease in Afghanistan and Pakistan, where health workers have been killed for immunizing children and where conflict has made access to some areas impossible.
Still, O’Leary said he is confident Israel, Britain and the U.S. will shut down their newly identified outbreaks quickly.
The oral vaccine is credited with dramatically reducing the number of children paralyzed by polio. When the global eradication effort began in 1988, there were about 350,000 cases of wild polio a year. So far this year, there have been 19 cases of wild polio, all in Pakistan, Afghanistan and Mozambique.
In 2020, the number of polio cases linked to the vaccine hit a peak of more than 1,100 spread out across dozens of countries. It has since declined to around 200 this year so far.
Last year, WHO and partners also began using a newer oral polio vaccine, which contains a live but weakened virus that scientists believe is less likely to mutate into a dangerous form. But supplies are limited.
To stop polio in Britain, the U.S. and Israel, what is needed is more vaccination, experts say. That is something Columbia University’s Barrett worries could be challenging in the COVID-19 era.
“What’s different now is a reduction in trust of authorities and the political polarization in countries like the U.S. and the U.K.,” Barrett said. “The presumption that we can quickly get vaccination numbers up quickly may be more challenging now.”
Oyewale Tomori, a virologist who helped direct Nigeria’s effort to eliminate polio, said that in the past, he and colleagues balked at describing outbreaks as “vaccine-derived,” wary it would make people fearful of the vaccine.
“All we can do is explain how the vaccine works and hope that people understand that immunization is the best protection, but it’s complicated,” Tomori said. “In hindsight, maybe it would have been better not to use this vaccine, but at that time, nobody knew it would turn out like this.”
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The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Department of Science Education. The AP is solely responsible for all content. | https://cw33.com/health/ap-health/polio-in-us-uk-and-israel-reveals-rare-risk-of-oral-vaccine/ | 2022-08-21T21:25:08Z |
GIB.A (TSX)
GIB (NYSE)
cgi.com/en/newsroom
ALUMS
(Euronext Growth Paris)
umanis.com/en/
PARIS, France, July 19, 2022 /PRNewswire/ - CGI Inc. ("CGI") (NYSE: GIB) (TSX: GIB.A) and Umanis SA ("Umanis") (Euronext Growth - FR0013263878 - ALUMS) announce that on July 18, 2022, the French financial markets (Autorité des Marchés Financiers) has published the results of a simplified tender offer for all Umanis shares not held by CGI France SAS ("CGI France"), which closed on July 13, 2022.
As part of the simplified tender offer, CGI France acquired 2,428,749 shares in Umanis and now holds a total of 16,983,876 shares, representing 91.54% of the company's capital and at least 91.42% of voting rights.1
In accordance with the terms of its simplified tender offer, CGI France intends to request implementation of the squeeze-out procedure at the same price as the simplified tender offer, or €17.15 per Umanis share, net of all costs.
Trading on Umanis shares has been suspended since July 14, 2022.
"We are pleased to have reached this decisive stage in the acquisition of Umanis," said Laurent Gerin, President, Western and Southern Europe, CGI. "Our teams look forward to working together to deliver even more value to our clients. We are confident in our ability to quickly get on track for the start of our new fiscal year."
"We are delighted with the success of the simplified tender offer, which applied to all Umanis shares," said Olivier Pouligny, CEO of Umanis. "We are already collaborating closely on the next steps of the integration to ensure our clients continue to receive superior service and benefit from the extended capabilities of CGI."
Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 84,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. CGI Fiscal 2021 reported revenue is $12.13 billion and CGI shares are listed on the TSX(GIB.A) and the NYSE(GIB). Learn more at cgi.com.
Umanis is a digital services company specializing in data, digital and business solutions with annual sales of approximately €246 million. Umanis has been operating for more than 30 years, mainly in the French market. Established in 1990, Umanis leverages its expertise in five major areas (big data and artificial intelligence, infrastructure and the cloud, digital experience, and integration of business and BPO solutions) to support clients through their digital transformation. Umanis is based in Paris and has approximately 3,000 employees in France, Spain, Luxembourg, Morocco and Switzerland. Shares are listed on Euronext Growth in Paris. For more information, please visit umanis.com.
This press release contains "forward-looking information" within the meaning of Canadian securities laws and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable United States safe harbours. All such forward-looking information and statements are made and disclosed in reliance upon the safe harbour provisions of applicable Canadian and United States securities laws.
Forward-looking information and statements include all information and statements regarding CGI's intentions, plans, expectations, beliefs, objectives, future performance, and strategy, as well as any other information or statements that relate to future events or circumstances and which do not directly and exclusively relate to historical facts. Forward-looking information and statements often but not always use words such as "believe", "estimate", "expect", "intend", "anticipate", "foresee", "plan", "predict", "project", "aim", "seek", "strive", "potential", "continue", "target", "may", "might", "could", "should", and similar expressions and variations thereof. These information and statements are based on our perception of historic trends, current conditions and expected future developments, as well as other assumptions, both general and specific, that we believe are appropriate in the circumstances. Such information and statements are, however, by their very nature, subject to inherent risks and uncertainties, of which many are beyond the control of CGI, and which give rise to the possibility that actual results could differ materially from our expectations expressed in, or implied by, such forward-looking information or forward-looking statements.
These risks and uncertainties include but are not restricted to: risks related to the market such as the level of business activity of our clients, which is affected by economic and political conditions, additional external risks (such as pandemics, armed conflict and inflation) and our ability to negotiate new contracts; risks related to our industry such as competition and our ability to attract and retain qualified employees, to develop and expand our services, to penetrate new markets, and to protect our intellectual property rights; risks related to our business such as risks associated with our growth strategy, including the integration of new operations, financial and operational risks inherent in worldwide operations, foreign exchange risks, income tax laws and other tax programs, our ability to negotiate favourable contractual terms, to deliver our services and to collect receivables, the reputational and financial risks attendant to cybersecurity breaches and other incidents, and financial risks such as liquidity needs and requirements, maintenance of financial ratios, and changes in creditworthiness and credit ratings; as well as other risks identified or incorporated by reference in this press release, in CGI's annual and quarterly MD&A and in other documents that we make public, including our filings with the Canadian Securities Administrators (on SEDAR at www.sedar.com) and the U.S. Securities and Exchange Commission (on EDGAR at www.sec.gov). For a discussion of risks in response to the coronavirus (COVID-19) pandemic, see Pandemic risks in section 8.1.1. of our Q2 2022 MD&A.
Unless otherwise stated, the forward-looking information and statements contained in this press release are made as of the date hereof and CGI disclaims any intention or obligation to publicly update or revise any forward-looking information or forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. While we believe that our assumptions on which these forward-looking information and forward-looking statements are based were reasonable as at the date of this press release, readers are cautioned not to place undue reliance on these forward-looking information or statements.
Furthermore, readers are reminded that forward-looking information and statements are presented for the sole purpose of assisting investors and others in understanding our objectives, strategic priorities and business outlook as well as our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. Further information on the risks that could cause our actual results to differ significantly from our current expectations may be found in the section titled Risk Environment of CGI's annual and quarterly MD&A, which is incorporated by reference in this cautionary statement. We also caution readers that the above-mentioned risks and the risks disclosed in CGI's annual and quarterly MD&A and other documents and filings are not the only ones that could affect us. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial could also have a material adverse effect on our financial position, financial performance, cash flows, business or reputation.
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SOURCE CGI Inc. | https://www.mysuncoast.com/prnewswire/2022/07/19/simplified-tender-offer-cgi-now-holds-9154-umanis-share-capital/ | 2022-07-19T12:02:15Z |
'I'm loving it': Dominique Robinson settles in with Chicago Bears during rookie minicamp
#toedit
It has only been a week, but Dominique Robinson is starting to feel comfortable breathing the Chicago air.
Robinson spoke to the Chicago media on Saturday. The day before that, the McKinley High School graduate signed his rookie deal, worth a reported $3.933 million contract that includes a $273,152 signing bonus two weeks after the Bears selected the former Miami University Redhawk in the fifth round.
“I’m loving it,” Robinson said during his introductory news conference with Chicago media last Saturday at Halas Hall. “Everything is here. I don’t have to go anywhere to grab food. I’m eating healthy. It’s been great. I can’t complain. “
More on Bears rookie Dominique Robinson:'We pushed each other to be great': Family at center of Dominique Robinson getting drafted
Robinson, who will be wearing No. 91 this season, reported to rookie camp on May 5. About 69 others, including 11 of their draft picks, also were in attendance. Robinson is one of the four defensive rookies selected by the Bears. Robinson connected with his rookie class once they were all in the same facility.
“It feels like these guys have been together for a while now,” Robinson said. “Kudos to them for taking in what is trying to be taught here and what they are trying to prove.”
Robinson — a quarterback at McKinley — continues to get acquainted at the defensive end spot after switching from wide receiver and playing the end position for only two seasons in college at Miami (Ohio). Robinson wants to improve on his pass-rushing moves and has learned from watching former Ohio State star Chase Young of the Washington Commanders.
“I’m trying to break it into pieces,” Robinson said. That's been his approach since switching to defensive end for the 2020 season.
“I really wanted to focus on my pass rush ... moving into the position because I knew that was what would get me to this point," he said of his approach in college. "And then I focused on the running game, like (in) 2021, that season, because I knew that I wouldn’t be able to get here unless I had that with the pass rush. ... Right now I'm trying to get back to working on the run game because that's kind of what we're doing more.”
Bears' defensive coordinator Alan Williams is not going to let Robinson's lack of experience dictate what he could bring to the Bears' defense. It’s still unclear what will be Robinson's role, but Williams knows there's plenty of work ahead for everyone..
“We have to see,” Williams said. “We’re not going to give him a whole bunch. It’s not just him but all our guys. We’re going to say, ‘Hey, line up here. If you get this stimulus, this is the response that you’re going to give us.' And we’re going to teach it over and over again, and then see what he does.'” | https://www.cantonrep.com/story/sports/pro/2022/05/13/dominique-robinson-looks-to-improve-chicago-bears-rookie-minicamp/9729848002/ | 2022-05-13T13:30:17Z |
43 percent of Americans say they'll visit a retail pharmacy to get the flu vaccine this season
CVS.com and the CVS Pharmacy app allow families to schedule multiple appointments at once, providing added convenience
WOONSOCKET, R.I., Aug. 16, 2022 /PRNewswire/ -- CVS Health® (NYSE: CVS) is reminding Americans that it is more important than ever to stay current with vaccinations and other routine health care needs. By getting an annual flu shot, ensuring COVID-19 boosters are up to date, and taking other proactive preventative health measures, individuals and families can help protect themselves against seasonal flu and other illnesses and do their part to help protect the overall health of their community.
Flu shots are now available at all CVS Pharmacy and MinuteClinic locations across the country with digital and walk-in appointments available for people of all ages, seven days a week, with extended evening and weekend hours. Digital scheduling offers patients flexibility and the ability to schedule multiple patients at once, which makes it easier for families and other groups that want to get vaccinated together.
According to a survey of U.S. consumers commissioned by CVS Healthi, 65 percent of people plan to schedule their appointment digitally this season. Patients can quickly and easily make vaccination appointments at CVS Pharmacy by visiting CVS.com, through the CVS Pharmacy app, or by texting FLU to 287898. Patients can also schedule an immunization appointment with a MinuteClinic provider at MinuteClinic.com. Customers who schedule an appointment digitally will receive a $5 off $20 coupon valid through December 31, 2022.ii
The survey also found that 43 percent of people intend to visit a retail pharmacy to get their flu shot this year, followed by their doctor's office (33 percent). Convenience, insurance coverage, availability, and trust were the leading factors behind respondents' intention to visit their local pharmacy. In addition to getting an annual flu shot, the Centers for Disease Control and Prevention (CDC) has said the flu vaccine may be co-administered with any dose of the COVID-19 vaccine that the patient is eligible for. Additional immunizations, such as those to prevent pneumonia and shingles, can also be given at the same time as the flu vaccine. CVS pharmacists and MinuteClinic providers can help patients determine which vaccines are available to them based on their vaccination history.
"Throughout the pandemic, CVS Pharmacy and MinuteClinic have been trusted, local vaccination providers," said Prem Shah, Executive Vice President, CVS Health and President and Chief Pharmacy Officer, CVS Pharmacy. "The best way to prevent the flu is to get vaccinated. To encourage people to do so, we're offering a seamless vaccination experience where patients of all ages can safely and conveniently receive this important immunization, as well as remain up to date on COVID-19 vaccinations and boosters, on days and at times that work best for them."
The CDC recommends that individuals get their flu vaccination early in the fall, before flu season begins, and ideally no later than the end of October. CVS Pharmacy and MinuteClinic carry multiple flu vaccine options, including the higher dose vaccine which is recommended for seniors.
"Due to weaker immune systems, seniors often bear the heaviest health burden when it comes to flu," said Angela Patterson, DNP, FNP-BC, NEA-BC, FAANP, Chief Nurse Practitioner Officer, MinuteClinic and Vice President, CVS Health. "This year, the CDC recommends that people over age 65 get the higher dose vaccine to ensure they receive the most effective protection possible when it comes to preventing the flu."
Businesses, senior living facilities, schools, municipalities, and other groups may also schedule an on-site flu vaccination clinic staffed by qualified CVS Pharmacy vaccinators to help make vaccines convenient and accessible to employees, staff, residents, and students. On-site flu vaccine clinics are available in all states, Washington, DC, and Puerto Rico. More information, including the ability to schedule a vaccination clinic, is available at https://www.cvs.com/immunizations/flu/clinics.
Video and photo assets from CVS Pharmacy and MinuteClinic are available in the CVS Health Media Gallery.
About CVS Health
CVS Health® is the leading health solutions company, delivering care like no one else can. We reach more people and improve the health of communities across America through our local presence, digital channels and over 300,000 dedicated colleagues – including more than 40,000 physicians, pharmacists, nurses and nurse practitioners. Wherever and whenever people need us, we help them with their health – whether that's managing chronic diseases, staying compliant with their medications or accessing affordable health and wellness services in the most convenient ways. We help people navigate the health care system – and their personal health care – by improving access, lowering costs and being a trusted partner for every meaningful moment of health. And we do it all with heart, each and every day. Follow @CVSHealth on social media.
Media contacts
Matt Blanchette
401-524-6185
Matthew.Blanchette@cvshealth.com
Amy Thibault
401-318-2865
Amy.Thibault@cvshealth.com
i "Flu Intention" Survey, commissioned by CVS Health in June 2022
ii FOR $5 OFF $20 COUPON: Offer available September 1, 2022 through December 31, 2022 while supplies last. Appointments scheduled online will receive the coupon after vaccination. Limit one per customer per vaccine visit. For vaccines that require two doses, the coupon will be given with vaccine series completion. Merchandise coupon redeemable at CVS Pharmacy® and Longs Drugs® for one-time use. Terms and conditions apply. See coupon for details. $5 savings applied to total qualifying minimum purchase of $20 (after other coupons and discounts are applied). Reward cannot be earned in Arkansas, New Jersey, or New York. Coupon shall not be issued at MinuteClinic® locations in Massachusetts, New York, Pennsylvania, and Rhode Island. Coupon cannot be issued or redeemed at CVS Pharmacy at Target or CVS Pharmacy at Schnucks® locations. ExtraCare® card required to receive savings.
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SOURCE CVS Health | https://www.wibw.com/prnewswire/2022/08/16/flu-shots-now-available-cvs-pharmacy-minuteclinic-nationwide/ | 2022-08-16T13:09:35Z |
Two arrested for meth after driver identified as warrant subject
JACKSON CO., Kan. (WIBW) - Two people were booked into jail after Jackson Co. officials found meth in their vehicle when they identified the driver as the subject of a warrant.
The Jackson Co. Sheriff’s Office says around 10:45 a.m. on Monday, Aug. 15, deputies stopped a Nissan that was headed south in the area of 110th and U.S. Highway 75 after the driver was identified to have outstanding warrants.
Deputies said the driver, Skyler Thomas Tosspon, 40, of Hiawatha, and a passenger, Elizabeth Marie Bruning, 40, of Robinson, were both arrested.
According to the Sheriff’s Office, Tosspon had a Jackson Co. District Court warrant and a Nebraska warrant for drug violations.
Both Tosspon and Bruning were booked into the Jackson Co. Jail for possession of methamphetamine and possession of drug paraphernalia.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/08/16/two-arrested-meth-after-driver-identified-warrant-subject/ | 2022-08-16T19:10:25Z |
One million gallons of radioactive water is inside a former nuclear power plant along Cape Cod Bay and it has got to go.
But where, is the vexing question, and will the state intervene as the company dismantling the plant decides?
Holtec International is considering treating the water and discharging it into the bay, drawing fierce resistance from local residents, shell fishermen and politicians. Holtec is also considering evaporating the contaminated water or trucking it to a facility in another state.
The fight in Massachusetts mirrors a current, heated debate in Japan over a plan to release more than 1 million tons of treated radioactive wastewater into the ocean from the wrecked Fukushima nuclear plant in spring 2023. A massive tsunami in 2011 crashed into the plant. Three reactors melted down.
Pilgrim Nuclear Power Station in Plymouth, Massachusetts, closed in 2019 after nearly half a century providing electricity to the region. U.S. Rep. William Keating, a Democrat whose district includes the Cape, wrote to Holtec with other top Massachusetts lawmakers in January to oppose releasing water into Cape Cod Bay. He asked the U.S. Nuclear Regulatory Commission to examine its regulations.
Keating said in late March that Holtec’s handling of the radioactive water could set a precedent because the U.S. decommissioning industry is in its infancy. Most U.S. nuclear plants were built between 1970 and 1990.
“If they’re listening, sensitive and work with these communities, it’s important,” he said. “That’s the message for future decommissioning sites.”
Holtec has acquired closed nuclear plants across the country as part of its dismantling business, including the former Oyster Creek Generating Station in New Jersey and Indian Point Energy Center in New York. It’s taking ownership of the Palisades Nuclear Plant on Lake Michigan, which is closing this year.
Pilgrim was a boiling water reactor. Water constantly circulated through the reactor vessel and nuclear fuel, converting it to steam to spin the turbine. The water was cooled and recirculated, picking up radioactive contamination.
Cape Cod is a tourist hotspot. Having radioactive water in the bay, even low levels, isn’t great for marketing, said Democratic state Rep. Josh Cutler, who represents a district there. Cutler is working to pass legislation to prohibit discharging radioactive material into coastal or inland waters.
Holtec said Pilgrim already discharged water into the bay for 50 years while the plant was operating and environmental studies, conducted by the plant operators and now Holtec, have shown little or no environmental impact. Radiological environmental reports are shared with the NRC annually.
“We are working to provide scientific data, educate the public on the reality of radiation in everyday life, and working to have experts explain the true science versus the emotional fear of the unknown,” spokesperson Patrick O’Brien wrote in an email in March.
WHAT ARE HOLTEC’S OPTIONS?
Holtec could treat the water and discharge it in batches over multiple years, likely the least expensive option. Or, it could evaporate the water on site, as it says it has done with about 680,000 gallons (2,600 kiloliters) over the past two years.
Evaporating the water would be more challenging to do now because the spent nuclear fuel is in storage, and couldn’t be used as a heat source. Holtec would have to use a different — likely more expensive — method that would release gas.
Or, Holtec could truck the water to an out-of-state facility, where it could be mixed with clay and buried or placed in an evaporation pond, or released into local waterways. That’s what Keating wants.
Vermont Yankee Nuclear Power Station, another boiling water reactor, was shut down in Vernon, Vermont, in 2014. It’s sending wastewater to disposal specialists in Texas and other states. Entergy operated and sold both Vermont Yankee and Pilgrim. NorthStar, a separate and competing corporation in the decommissioning business, is dismantling Vermont Yankee.
Nuclear plants occasionally need to dispose of water with low levels of radioactivity when they’re operating, so a process to release it in batches into local waterways was developed early in the nuclear industry.
In recent years at Pilgrim, the two largest releases were in 2011, with 29 releases totaling about 325,000 gallons (1,500 kiloliters), and 2013, with 21 releases totaling about 310,000 gallons.
The water from those releases was well below the federal limits for the amount of radionuclides in millirems a person would be exposed to in a year if they ate local seafood or swam in nearby waters, according to the NRC.
NRC spokesperson for the Northeast Neil Sheehan said the limits are set very conservatively and are believed to be protective of the public and environment. He said it’s important to consider the role of dilution — once the discharges mix with vast quantities of water any radioactivity is typically not detectable.
WHY ARE PEOPLE WORRIED?
In Duxbury, Kingston and Plymouth Bays, there are 50 oyster farms — the largest concentration in the state, worth $5.1 million last year, according to the Massachusetts Seafood Collaborative. The collaborative said dumping the water would devastate the industry, and the local economy along with it.
Diane Turco, a Harwich resident and longtime Pilgrim watchdog, questions if the water is heavily contaminated, especially from the pool that covered the stored, spent fuel for cooling and shielded workers from radiation.
“Isn’t this a crazy idea for Holtec to use our bay as their dump? No way,” she said.
Others didn’t know Pilgrim’s water went into the bay in previous years and they don’t want it to happen again.
“We can’t change that, but we can change what’s happening in the future,” said Cutler, the state lawmaker. “It’s the first time it has ever been decommissioned, so to compare this to the past is a convenient excuse. ‘Well, we did it in the past,’ that sounds like my kid.”
Towns on the Cape are trying to prohibit the dispersal of radioactive materials in their waters. Tribal leaders, fishermen, lobstermen and real estate agents have publicly stated their opposition as well.
Sheehan, the NRC spokesperson, said the water is not different or distinct, compared to water released during the plant’s operations. Holtec would have to handle it the same way, by filtering it, putting it into a tank, analyzing the radio isotopes and calculating the environmental impacts if it was released in batches, he added.
WHO GETS THE FINAL SAY?
Holtec wouldn’t need a separate approval from the NRC to discharge the water into the bay. However, Holtec would need permission from the U.S. Environmental Protection Agency if the water contained pollutants regulated by the Clean Water Act, such as dissolved metals.
If the water contained only radioactive materials regulated by the NRC, Holtec wouldn’t need to ask the EPA for a permit modification, according to the EPA’s water division for New England. Holtec has never given the EPA a pollutant characterization of the water associated with decommissioning, the division’s director said.
Mary Lampert, of Duxbury, is on a panel created by the state to look at issues related to the Pilgrim’s decommissioning. She believes the state could use its existing laws and regulations to stop the dumping and plans to press the Massachusetts attorney general to file a preliminary injunction to do so.
The attorney general’s office said it’s monitoring the issue and would take any Clean Water Act violations seriously.
Holtec said this week it’s examining the water for possible pollutants but the lab results won’t be available for awhile.
The company expects to decide what to do with the water later this year. Discharge, evaporation and some limited transportation will likely all be part of the solution, Holtec added. | https://cw33.com/news/u-s-news/ap-u-s-headlines/explainer-why-would-nuclear-plant-dump-wastewater-into-bay/ | 2022-04-09T19:04:44Z |
HICKSVILLE, N.Y., April 21, 2022 /PRNewswire/ -- Sandata is pleased to announce that Kirit Pandit has joined Sandata as the new Vice President of Data Analytics. He brings over 20 years' experience in analytics and business intelligence to the team; his depth of experience will provide critical insight into our business and that of our customers and the populations they serve. With data analytics playing a central role in the development and evolution of Sandata solutions, Pandit's hire represents Sandata's accelerated investment in data analytics with the goal of keeping individuals in the home, eliminating caregiver turnover, and ensuring claims are validated and paid.
"One of the greatest opportunities we have is to harvest all the data we collect and turn it into insights and valuable information so we can understand what is working and what is not—for ourselves and our customers," said Emmet O'Gara, Sandata Chief Executive Officer. "Pandit's ability to elicit value from the data Sandata has been collecting will reveal patterns where fraud can be eliminated, and paid claims maximized."
Most recently, Pandit served as Vice President, Predictive Analytics at HMS, where he was responsible for leading the Analytics capability for the Population Health Management Solution. Prior to that, he co-founded Vitreos Health, later acquired by HMS Holdings, where he applied machine learning and data science to predict healthcare events and outcomes.
"I'm very excited about the potential of utilizing data Sandata has been collecting for 30 years," said Pandit. "It's about how to gather information about the patient—through claims, electronic medical records, social determinants of health—and how to combine all that to risk stratify the patient. Here at Sandata, our comprehensive, interoperable solutions, and the insights the data produces, make us uniquely positioned to predict future outcomes and design proper care plans."
"We already help our customers track their operational metrics. With the increased breadth of information collected from within the home and Kirit's proven success in analytics, we will be able to provide our customers with actionable data insights to run their business more efficiently while serving their members better." said Srini Achukola, Chief Technology Officer. "Sandata is positioned to be the leader in data analytics in home care."
Pandit believes that, in the emerging value-based care world, being able to provide both retrospective and prospective views will be paramount for designing whole-person patient care programs, thus optimizing cost and quality of care at the same time. He will lead the team in strategic engagements utilizing Artificial Intelligence and Machine Learning to transform data into tangible solutions that will continue to cement Sandata's position as the industry leader in home health.
About Sandata
Sandata Technologies, LLC, is transforming healthcare with the most trusted technology and unmatched experience. From EVV-compliant agency management solutions supporting over 15,000 agencies to robust payer programs built for 21 states and 50+ managed care organizations, Sandata is the leading U.S. provider of technology and industry expertise to optimize collaboration between payers and providers in delivering care. Visit Sandata.com to learn more.
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SOURCE Sandata Technologies, LLC | https://www.wibw.com/prnewswire/2022/04/21/sandata-announces-kirit-pandit-vice-president-data-analytics/ | 2022-04-21T19:03:23Z |
Judge tosses manslaughter charge in boat fire that killed 34
LOS ANGELES (AP) — A Los Angeles federal judge threw out an indictment Friday charging a dive boat captain with manslaughter in the deaths of 34 people in a 2019 fire aboard a vessel anchored off the Southern California coast.
The ruling came on the third anniversary of one of the deadliest maritime disasters in recent U.S. history as the Conception went down in flames Sept. 2, 2019, near an island off the coast of Santa Barbara. All 33 passengers and a crew member who were trapped in a bunk room below deck died.
Captain Jerry Boylan, 68, failed to follow safety rules, federal prosecutors said. He was accused of “misconduct, negligence and inattention” by failing to train his crew, conduct fire drills and have a roving night watchman on the boat when the fire ignited.
But the indictment failed to specify that Boylan acted with gross negligence, which U.S. District Judge George Wu said was a required element to prove the crime of seaman’s manslaughter and must be listed in the indictment.
Prosecutors will seek approval from the Department of Justice to appeal the ruling, said Thom Mrozek, a spokesperson for the U.S. attorney in Los Angeles. They can also seek a new indictment alleging gross negligence.
Boylan and four other crew members, who had all been sleeping on an upper deck, escaped from the burning boat after the captain made a panicked mayday call.
Surviving crew members said the blaze prevented them from trying to reach those trapped in the bunk room. Flames blocked a stairwell and a small hatch that were the only exits from below deck, officials said. All 34 perished from smoke inhalation.
The ruling is the second recent blow to prosecutors in the case.
Boylan originally was indicted on 34 counts of seaman’s manslaughter with each carrying a possible prison term of 10 years if he was convicted. Defense lawyers sought to dismiss those charges because they argued the deaths were all the result of a single incident and were not separate crimes.
Before that issue could be argued in court, prosecutors got a superseding indictment in July charging Boylan only with one count of seaman’s manslaughter that alleged his negligence caused all 34 deaths. If convicted, he would have faced a maximum of 10 years in prison.
The defense also argued that the single-count indictment should be thrown out because it did not allege Boylan acted with gross negligence, which they said was a required element of the crime.
Federal prosecutors countered that under the pre-Civil War statute designed to hold steamboat captains and crew responsible for maritime disasters they only needed to show Boylan acted with simple negligence, a unique standard for a felony.
Prosecutors cited the language of the statute that says captains and other boat employees can face up to 10 years in prison for “misconduct, negligence, or inattention to his duties on such vessel the life of any person is destroyed.”
Wu said the case law on seaman’s manslaughter was inconsistent in appellate courts. Only a New Orleans appeals court had upheld the requirement that only simple negligence needed to be proven to win a conviction.
Robert Weisberg, a criminal law professor at Stanford University, blamed Congress in part for writing the law in an “ad hoc and inconsistent” manner.
The judge’s ruling was sensible for relying on other appellate opinions that found gross negligence was a required element for the similar crime of involuntary manslaughter cases, Weisberg said. California and many other state courts also require proof of gross negligence for involuntary manslaughter.
The difference between the two types of negligence is often viewed as whether someone should be slapped with civil damages or criminally punished for their behavior.
Simple negligence would be if someone caused harm without ever considering the risks they took. It would be gross negligence if they considered the possible consequences but acted anyway. Gross negligence often incorporates an element of recklessness.
“Defendant has presented persuasive reasons for why the statute should be read to require gross negligence as an element necessary for conviction (and indictment), and the government’s reasons to the contrary do not convince the court otherwise,” Wu wrote.
As a homicide case with a possible 10-year sentence, Wu noted that the Supreme Court has been reluctant to allow prosecutors to show negligence instead of the more difficult standard of showing a defendant acted with criminal intent.
Federal safety investigators blamed the owners of the vessel, Truth Aquatics Inc., for a lack of oversight, though they have not been charged with a crime.
Truth Aquatics sued in federal court under a provision in maritime law to avoid payouts to the families of the victims. Family members of the dead have filed claims against boat owners Glen and Dana Fritzler and the company.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/09/02/judge-tosses-manslaughter-charge-boat-fire-that-killed-34/ | 2022-09-02T19:42:01Z |
NEW YORK (AP) — Macy’s trimmed its expectations for the year Tuesday despite topping second quarter expectations as it faces a glut of unsold inventory that has afflicted almost the entire retail sector.
Almost every major retailers has said in recent weeks that shoppers are making fewer trips to the store and when they do, they’re looking for deals. Some are trading down to cheaper alternatives.
Kohl’s last week slashed its sales and profit expectations for the year, a result of its stepped up price cutting to shed unwanted merchandise. Both Target and Walmart also said last week that shoppers are cutting back and sticking to essentials.
Soaring prices have forced families to become more cautious, doing without new clothing, electronics, furniture and almost everything else that is not absolutely necessary. And the way they spend shifted faster this year than anyone expected. After being cooped up at home for safety, Americans seemed almost overnight to dinners out, movies or concerts, and travel.
“The consumer’s got some pretty sour news out there,” Macy’s CEO Jeff Gennette told The Associated Press during a phone interview Tuesday. “Inflation is tough.”
Gennette’s observations are in line with what other retailers have reported recently. Americans are spending on work clothes, luggage and cosmetics, he said Tuesday. Casual clothes, furniture, appliances — hot items during the pandemic — are out.
That has left Macy’s and others stuck with elevated inventories of products that have become difficult to move.
Macy’s has cut orders where it can to better sync with customer demand, but Gennette said inventory in some categories remains high. The company is cutting prices on seasonal goods, private label and pandemic-related merchandise like casual wear and home furnishings to clear it, he said.
However, according to Gennette, customer are not trading down, or substituting typical purchases with a cheaper brand. That phenomenon is rampant at retailers like Walmart and Kohl’s.
When Walmart posted quarterly earnings this month, it said that a vast majority — roughly 75% — of its market share in grocery during the latest quarter was driven by shoppers with $100,000 or more in annual household income. Those shoppers had not been typical in Walmart grocery aisles.
At Macy’s, customers at every strata with household income below $250,000 are cutting back proportionately, Gennette said. At its Bloomingdale’s stores where medium household income is more typically $250,000 and above, spending has continued at a healthy pace.
Macy’s earned $275 million, or 99 cents per share, in the three-month period that ended July 30, or $1 if one-time charges are removed. That easily topped the per-share earnings of 86 cents that industry analysts had expected, according to a survey by FactSet.
Sales slipped roughly 1% to $5.6 billion, but that was also stronger than anticipated.
Yet compared with the same period last year, sales and profit have cooled.
Sales at stores opened at least a year fell 1.5%, or 1.6% including licensed businesses like cosmetics. In contrast, its upscale Bloomingdale’s stores enjoyed an 8.8% increase in same-store sales, or 5.8% gain including licensed businesses. Online sales fell 5% during the second quarter, compared to the year-ago period, but was up 37% compared with the same period in 2019.
In one more pandemic-related shift, Gennette said that store locations in downtown areas are bouncing back as more people return to the office. Those sales have yet to return to levels more common before COVID-19, however.
Uncertainly about what Americans will buy and what they want has made it difficult for retailers to figure out what is coming as the holiday season approaches.
The company said its outlook for the rest of the year is based on the “continued deterioration of consumer discretionary spending” and high levels of inventory, both at Macy’s and at other stores. Macy’s anticipates more price cuts and the need to “liquidate aged inventory” as the holiday season approaches.
Inventory levels increased 7% in the three-month reporting period compared with last year, but it’s down 8% compared with 2019.
The company now expects sales to be in the range of $24.34 billion to $24.58 billion this year, down from its May guidance of between $24.46 billion and $24.7 billion. Macy’s expects per-share earnings of $4 to $4.20, down from earlier guidance of between $4.53 and $4.95 per share.
Macy’s shares rose nearly 7%, or $1.27 per share, to $19.92 Tuesday.
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Follow Anne D’Innocenzio: http://twitter.com/ADInnocenzio | https://cw33.com/business/ap-business/macys-lowers-outlook-despite-strong-second-quarter/ | 2022-08-23T20:30:08Z |
Officials: Fraud suspect caught heading to Cuba on Jet Ski
MIAMI (AP) - A Cuban man charged in a $4.2 million Medicare fraud scheme is being held as a flight risk after officials said he tried to flee the U.S. on a Jet Ski.
A federal judge in Miami ordered Ernesto Cruz Graveran, 54, of Hialeah, to be detained pending trial Monday, according to court records. He has been charged with health care fraud.
According to a criminal complaint, Cruz Graveran’s company, Xiko Enterprises Inc., submitted approximately $4.2 million in fraudulent health care claims to Medicare from February to April this year for medical equipment that Xiko never provided and that Medicare beneficiaries never requested. Medicare paid Xiko over $2.1 million.
Investigators learned last month that Cruz Graveran was planning to travel to Havana and approached him several days before his flight, the complaint said. Cruz Graveran agreed to cooperate with a criminal investigation during an interview, and officials said they took his passport.
But last Wednesday, U.S. Coast Guard and U.S. Customs and Border Protection officers reported finding Cruz Graveran aboard a broken-down Jet Ski in the waters south of Key West, headed in the direction of Cuba. The island nation is about 90 miles south of the Florida Keys.
Cruz Graveran was aboard the personal watercraft with a person known to law enforcement as a migrant smuggler. Investigators say the Jet Ski was outfitted with a special fuel cell for long trips and was carrying extra food and water bottles.
Online court records didn’t list an attorney for Cruz Graveran.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/06/15/officials-fraud-suspect-caught-heading-cuba-jet-ski/ | 2022-06-15T11:58:09Z |
LAKE CHARLES, Louisiana (AP) — The front lawn of Lydia Larce’s home is strewn with debris: Remnants of cabinets and chunks of pink shower marble lie between dumpsters. She lives in a FEMA trailer out back, her home in shambles more than a year after Hurricane Laura tore through Lake Charles.
Larce, like many in Southwest Louisiana, has what she calls “storm PTSD.” Tornado warnings trigger anxiety. She fidgets and struggles to sleep.
“The fear and the unknown — it has me on an edge,” Larce said. “I’m scared.”
A string of devastating hurricanes has torn through this region in recent years. Nationally, too, there have been more Category 4 and 5 hurricane landfalls in the past five years than in the previous 50 years combined. Larce and her neighbors know they are on the front lines of climate change.
Her region is now the epicenter of a trend that she fears will make those disasters even more destructive.
Developers plan to build a series of liquefied natural gas export facilities across Southwest Louisiana, already the heart of the industry. Even in a state with a heavy industrial base, these facilities are among the largest emitters of greenhouse gases in Louisiana.
“They’re an absolute powerhouse for greenhouse gas emissions,” said Naomi Yoder, a staff scientist at Healthy Gulf, a nonprofit that advocates for clean energy. That’s because these export facilities tend to burn off, or flare, natural gas.
Greenhouse gases are raising global temperatures and fueling extreme weather, from wildfires to violent storms like the ones that have pummeled Larce’s hometown.
“We all are living in chaos,” Larce said.
For a while, it looked as though an era of steadily expanding fossil fuel facilities might be ending. Last year, after taking office, President Joseph Biden announced his intention to fight climate change by eliminating fossil fuels from electricity generation by 2035 and by sharply reducing emissions from the rest of the economy.
Yet since Biden became president, the U.S. has become the world’s largest exporter of liquefied natural gas as demand for the fuel, known as LNG, has escalated.
Russia’s invasion of Ukraine suddenly intensified the push. It heightened demand for natural gas, especially for countries in Europe that relied on Russian energy but now need to cut those ties.
Seizing the opportunity, the natural gas industry promoted U.S.-produced LNG as a way to fill the gaps, and prices for the fuel have skyrocketed. American terminals are now exporting gas at full capacity, which is why the expansion of the terminals has accelerated.
It is along the Gulf Coast, in a line from Louisiana to Texas, where the new and proposed export terminals are clustered. Talk to some locals and government officials and you’ll hear unqualified support for the facilities in this battered region.
“It’s a significant boon to our economy, because it provides good, high-paying jobs,” said Eric Tarver, a member of the Calcasieu Parish School Board and chief financial officer of Lake Charles Toyota. “More than that, it’s a tremendous amount of tax revenue that just dwarfs what we’ve had from any other industry.”
But some long-time residents — often the ones who’ve lost the most to the storms — dispute those claims, saying that few of those coveted jobs end up going to people who grew up in the region.
REGION IN DISTRESS
Scattered across the neighborhoods of Lake Charles, blue tarps cover dozens of dilapidated roofs. Bungalows, pockmarked by gaping holes, are marred by broken siding and boarded-up windows — evidence of the damage inflicted by Hurricanes Laura and Delta more than a year ago. Yet with few other options, some residents are living here under the tarps.
“I feel Southwest Louisiana has been made a sacrificial lamb,” said Roishetta Ozane, a single mother of six and an organizer for Healthy Gulf.
An outspoken critic of the expansion of LNG facilities, Ozane warns her neighbors that the emissions worsen global warming and violent storms and impair their community’s air quality. She has raised money, organized food drives and helped neighbors navigate government agencies to obtain relief after disasters hit.
“Now is the time to get people’s attention, to open their eyes that climate change is real,” Ozane said. “They’re going to continue to bring these facilities here. We’ve already had these major hurricanes here. Where are we going to live?”
As she drives around a predominantly Black area of Lake Charles, past shuttered businesses and crumbling homes, Ozane’s phone buzzes with requests for help.
“Are you living in a FEMA trailer?” she asks one caller. “Text me what you need.”
There are other helpers here. Cindy Robertson is one of them. In her front yard bursting with daisies and ferns, she refills a pantry box that she stocks each morning to help feed homeless neighbors. By mid-afternoon, it’s nearly empty.
Her neighborhood has endured seven federally declared disasters in two years, and she’s grown increasingly concerned, even though her family worked in coal mining. Robertson, 62, runs a nonprofit to help vulnerable people recover.
From her house, with its seascape paintings and tapestries, she provides water, sleeping bags and tents. With a succession of LNG terminals opening around her, she worries that her region hasn’t yet seen the worst.
“The more we have more pollution from greenhouse gases,” she fears, “the worse our storms are going to get.”
A few miles away, Cameron LNG began exporting LNG in 2019. Further south, Venture Global Calcasieu Pass is shipping its first loads.
Still another LNG company, Driftwood, recently broke ground to build an export facility. That’s on top of more than a dozen oil, gas and chemical processing plants surrounding her community.
Robertson would much prefer increased investment in renewable energy, in line with Biden’s stated priorities when he took office.
“Instead of focusing on LNG, expanding what they already have… we need to take all that brainpower and all that money and put it into expanding our renewable resources,” Robertson said.
EXPORTS SURGING
The use of wind, solar and other renewable energy has grown as prices of solar components and wind turbines have plunged. But so has the world’s thirst for natural gas. In February, the U.S. exported 317 billion cubic feet of liquefied natural gas — six times times the amount five years earlier.
Investment in LNG terminals catapulted from nothing in 2011, before the U.S. export industry existed, to $63 billion over the next decade, according to Rystad Energy. The firm projects that investment could swell an additional $100 billion over the next two decades.
That’s despite warnings from the United Nations Intergovernmental Panel on Climate Change that emissions from existing fossil fuel infrastructure alone would cause global warming to exceed 1.5 degrees Celsius (2.7 Fahrenheit) — a level that scientists say would bring dangerous consequences.
Of the eight terminals now exporting LNG, five lie on the coast of Louisiana and Texas. At least 16 more plus four expansions are proposed or under construction, nearly all along that same stretch of Gulf coastline.
The projects are backed by Exxon Mobil, Qatar Energy, Total Energies and numerous other global energy giants. Financing for several proposed plants comes from BlackRock, Vanguard and Mitsubishi, according to Global Energy Monitor.
At Cameron LNG in Hackberry, Louisiana, storage tanks loom over the wetlands next to rows of intersecting pipes. There, gas is treated to remove impurities. Then it’s cooled to a liquid at minus 260 degrees Fahrenheit to flow onto ships. In a narrow channel, a huge French vessel called LNG Endeavor, escorted by tug boats, heads for the facility, dwarfing the homes it passes.
“We’re delivering a cleaner, more environmentally friendly fuel,” said Charlie Riedl, executive director of the Center for LNG, the industry’s lobbying group. “The U.S. can use that to help defuse some of the geopolitical issues around the world by delivering a reliable fuel source.”
Initially, Biden’s administration held off on approving requests that would expand the LNG industry. But after the war in Ukraine began, the Energy Department allowed some facilities to upgrade, increasing how much they could produce.
“The U.S. is exporting every molecule of liquefied natural gas that we can to alleviate supply issues in Europe,” Energy Secretary Jennifer Granholm said in March, urging the oil and gas industry to ramp up production.
Asked whether boosting fossil fuel exports contradicts Biden’s climate goals, Granholm told The Associated Press “we have got to do both.” She said she believes the United States can help its allies, reduce the cost of fuel and transition to more sustainable options.
Since the war increased the need for alternatives to Russian gas, some European LNG import projects that had stalled are being revived, said Emily McClain, a vice president at Rystad.
“It’s really showing we’re not quite ready to table gas and move to cleaner or greener energies,” McClain said.
Riedl said he would like the administration to do even more, by approving any of the proposed LNG export terminals.
Louisiana offers a property tax break of up to 10 years to companies that build LNG terminals. Even with those tax breaks, the increased property tax income provides a windfall for the area, said Tarver, the school board member.
With Driftwood LNG beginning construction of a facility, the expected jobs are a “shot in the arm after a devastating series of disasters,” Tarver said. That the world is looking to the Gulf Coast as an energy supplier is, he said, a source of pride.
“That’s a very powerful thing to us locally, just because we’re big Pro-America, proud American people here,” Tarver said.
Others, like Ozane, argue that the tax breaks give away too much.
“We have a big homelessness problem,” Ozane said. “Our schools look horrible. If LNG is doing so much for the state, why is it like that?”
CLEANER THAN COAL?
Down the road from Cameron LNG, a new export terminal has opened about a mile from John Allaire’s beachfront home. His property, where he’s lived in an RV for 17 years since Hurricane Rita washed away his bunk house, is a refuge for spawning shrimp and diving sea birds. When his children were young, Allaire brought them fishing and hunting there.
At sunrise, the dark sky begins to crack into shades of orange and gray. A bright orb on the horizon looks like the rising sun. It’s not. It’s a flare from Venture Global’s Calcasieu Pass LNG, the latest export terminal to open. The flare, a mixture of flames and smoke that pours out when the facility burns natural gas, had been burning non-stop for a week, Allaire said.
“That’s pure profit and pollution going up the stack,” he said.
Allaire, 66, a retired environmental engineer for an oil company, doesn’t oppose oil and gas use. His property sits on a former oilfield.
But he fears the destruction of the wetlands he loves: The soft waving cordgrass where black rails hide, the pelicans diving down over the lapping water to catch fish.
Commonwealth LNG has proposed another export terminal, sandwiched between Allaire’s yard and the LNG terminal that just opened. It would cover about half the ponds that are packed with blue crabs and mud minnows.
“I’m glad there’s still places like this left — I really don’t want to see it paved over,” Allaire said.
The wetlands he loves play a beneficial role for climate, too. They absorb carbon dioxide. And they provide a buffer from storm surges.
Together, the four LNG export terminals on the Gulf Coast emitted nearly 10 million metric tons of carbon dioxide equivalent in 2020 — comparable to all of Costa Rica, according to the Global Carbon Project.
The LNG plants are tied to climate change in another way, too. Along the whole pathway to export, from the wells where companies drill to the ships getting loaded with LNG, methane — the powerful greenhouse gas that’s the primary ingredient of natural gas — can escape.
And it does, from leaky wells, pipelines, compressors and storage tanks. In the Permian Basin, one of the world’s richest oil and gas fields, well heads and pipelines are leaking far more methane than previously thought, according to a study that concluded that 9% of the gas produced in New Mexico’s side of the basin is leaking.
“That’s a shocking leakage estimate,” Rob Jackson, a professor of earth system science at Stanford University and chairman of the Global Carbon Project, an international research group, said about natural gas.
At that that rate, he said, the leaking methane alone is warming the climate more than the carbon dioxide that would be released if all the produced natural gas were burned.
Natural gas proponents say it’s better for the climate than burning coal, because it releases fewer emissions when burned. But gas isn’t substituting for coal in most places, Jackson noted. Instead, as energy demand grows globally, natural gas is being used in addition to coal and other sources.
According to projections by the Energy Information Administration, natural gas use will drive an overall increase in greenhouse gas emissions in the U.S. from 2037 to 2050 as the nation’s population and its reliance on gas grow.
To show it’s trying to limit its environmental impact, Cameron LNG reduced its emissions by 10% from 2020 to 2021. It’s also built 500 acres of tidal marsh, using material it digs up when dredging the canal.
But residents who are enduring the trauma of relentless storms know any facility that adds emissions to the atmosphere magnifies the likelihood of destruction in vulnerable communities.
“In building more LNG export terminals,” Jackson said, “we’re locking in emissions for decades to come.”
______
Associated Press journalists Janet McConnaughey in New Orleans and Rhonda Shafner in New York contributed to this report.
Associated Press climate and environmental coverage receives support from several private foundations. See more about AP’s climate initiative here. The AP is solely responsible for all content. | https://cw33.com/news/ap-top-headlines/as-natural-gas-expands-in-gulf-residents-fear-rising-damage/ | 2022-06-02T22:44:55Z |
PITTSBURGH, Sept. 5, 2022 /PRNewswire/ -- "I thought there should be a simple and easy way to carry a plate and drink with one hand," said an inventor, from Maxwell, Texas, "so I invented the SOPHTRAY. My design can be used at social gatherings, picnics, barbecues and parties."
The patent-pending invention provides an effective way to hold a food plate and a beverage cup in one hand. In doing so, it eliminates the need to struggle or shuffle a plate and drink. As a result, it could help to prevent spills and it can be used while dining indoors or outdoors. The invention features a versatile design that is easy to use so it is ideal for households. Additionally, it is producible in design variations and a prototype is available.
The original design was submitted to the National sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-CTK-2756, 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/2022/09/05/inventhelp-inventor-develops-convenient-platebeverage-cup-holder-ctk-2756/ | 2022-09-05T15:39:33Z |
NEW YORK, July 8, 2022 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Oscar Health, Inc. (NYSE: OSCR).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/oscar-health-inc-loss-submission-form/?id=29600&from=4
This lawsuit is on behalf of persons and entities that purchased or otherwise acquired Oscar Class A common stock pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company's March 2021 initial public offering.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until July 11, 2022 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to a filed complaint, Oscar Health, Inc. issued materially false and/or misleading statements and/or failed to disclose that: (1) Oscar was experiencing growing COVID-19 testing and treatment costs; (2) Oscar was experiencing growing net COVID costs; (3) Oscar would be negatively impacted by an unfavorable prior year Risk Adjustment Data Validation result relating to 2019 and 2020; (4) Oscar was on track to be negatively impacted by significant SEP membership growth; and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law | https://www.wibw.com/prnewswire/2022/07/08/oscr-shareholder-alert-jakubowitz-law-reminds-oscar-shareholders-lead-plaintiff-deadline-july-11-2022/ | 2022-07-08T10:11:45Z |
Turner Falls preparing lifeguards for summer swimming season
DAVIS, Okla. (KXII) - After a safe summer of swimming in 2021 the staff at Turner Falls is hoping to continue that success this summer.
Turner Falls hasn’t always been the safest place to swim with several drowning occurring there over the past few years.
The Blue hole is one of the parks two swimming areas and while it can be a fun environment for summer swimmers it can be a challenging place for a dip.
“We do have a current, its a constant running stream, its a spring fed stream,” said the parks sales and service manager Cathi Neal. “But the current is pretty good. Also on any of the falls we have there’s always this undertow that happens and people will get caught up in that.”
Since 2016 11 people have drowned at Turner falls including four in 2019 when the city opted not to hire lifeguards.
“Most people aren’t paying attention and they’re loved ones been underneath the water for a little bit before they realize they’re not coming up,” said Neal.
In 2020 the city brought the guards back and saw one drowning.
The following year there were no drownings.
Now they’re pushing to keep that trend going through updated training methods.
“We actually do our training here not just in a swimming pool because a swimming pool is a whole lot different then our pools that we have here,” said Neal. “So they get those swift water rescue type of scenarios and they practice that until everybody’s comfortable being able to go in and get somebody.”
Two lifeguards will be on duty at all swimming areas during swimming hours but Neal says they still need help from swimmers to keep everyone safe.
“Make sure you keep an eye on your kids, make sure and keep an eye on your people,” said Neal. “If you don’t know how to swim and you’re getting into an 18 foot pool with swift running water then please be careful, know your limits.”
The park opens at 7 a.m. and closes at sunset for all daytime users.
With no lifeguards on duty until Memorial Day weekend its swim at your own risk until then.
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/05/11/turner-falls-preparing-lifeguards-summer-swimming-season/ | 2022-05-11T03:18:09Z |
Company to host conference call and webcast on Monday, August 15, 2022, at 8:00am ET
BOSTON and ATLANTA, Aug. 12, 2022 /PRNewswire/ -- Inhibikase Therapeutics, Inc. (Nasdaq: IKT) ("Inhibikase" or "Company"), a clinical-stage pharmaceutical company developing therapeutics with the potential to modify the course of Parkinson's disease ("PD") and related disorders, today reported financial results for the second quarter ended June 30, 2022 and highlighted recent developments.
"In the second quarter, we continued to make progress across our entire portfolio. We recently opened enrollment in our Phase 2a '201' trial for IkT-148009 for the treatment of Parkinson's disease. We have now opened nearly a quarter of all sites for the study and we are actively screening patients. In addition, we have submitted our Investigational New Drug (IND) application for IkT-001Pro for patients with chronic myelogenous leukemia to the U.S. Food and Drug Administration (FDA), and expect to initiate our '501' bioequivalence study of IkT-001Pro following FDA review and concurrence," commented Milton Werner, Ph.D., President and Chief Executive Officer of Inhibikase. "Looking ahead, we also expect to share Parkinson's assessment data from our Phase 1/1b '101' clinical trial of IkT-148009 at the Movement Disorders Society Congress in September and are continuing to advance our regulatory activities in the U.S. and the EU27 as we plan a Phase 2 trial in Multiple System Atrophy. Taken together, we believe that these activities lay the groundwork for continued momentum across our business as we seek to deliver on our mission of bringing novel, disease-modifying treatments to patients suffering from devastating diseases."
Recent Developments and Upcoming Milestones:
- Phase 2a '201' Trial of IkT-148009 Open for Enrollment: In May 2022, Inhibikase opened enrollment for its Phase 2a study ('201 trial') evaluating IkT-148009 for the treatment of Parkinson's disease. The Company has opened 11 of 40 planned sites and is actively screening patients. The 201 trial is a 1:1:1:1 randomized, double-blind, twelve-week dosing trial, designed to measure the safety, tolerability and steady-state pharmacokinetics (PK) of three doses of IkT-148009 in up to 120 untreated Parkinson's patients. The trial will further measure the potential for IkT-148009 to impact the disease globally in the body using a hierarchy of Parkinson's-related disease assessments in the brain and gut as secondary or exploratory endpoints.
- The advancement of IkT-148009 into Phase 2a followed a review of the study protocol, as well as the safety, tolerability and PK data from the 101 clinical trial by the FDA. In the 101 trial, the clinical pharmacology of IkT-148009 in patients paralleled the clinical pharmacology of IkT-148009 in older heathy volunteers. IkT-148009 also demonstrated a favorable safety and tolerability profile up to a dose of 325 mg, with no clinically-significant adverse events observed. Inhibikase plans to present additional data from the 101 trial at the Movement Disorders Society Congress in Madrid, Spain, in September 2022.
- Filed IND Application for IkT-001Pro for Stable-Phase Chronic Myelogenous Leukemia (CML): On June 29, 2022, Inhibikase filed its IND application with the FDA for IkT-001Pro, the Company's prodrug of imatinib mesylate to treat Stable-phase Chronic Myelogenous Leukemia (SP-CML). A clerical error delayed the review of the IND, however the Division of Hematological Malignancies I confirmed that FDA review of the IND should be completed no later than August 26, 2022. Following clearance by the FDA, the Company expects to initiate bioequivalence studies in accordance with the 505(b)(2) regulatory pathway. IkT-001Pro will be evaluated in a two-part dose finding/dose equivalence study in up to 62 healthy volunteers. The study is designed to evaluate the steady-state pharmacokinetics of IkT-001Pro and determine the dose of IkT-001Pro equivalent to 400 mg imatinib mesylate, the standard-of-care dose for SP-CML. Inhibikase expects to initiate this two-part bioequivalence study in the normal course following review of the proposed clinical study by the FDA. Inhibikase will confer with the FDA once bioequivalence is established to begin the New Drug Application, or NDA, process on the proposed approval path for IkT-001Pro under the 505(b)(2) statute. The Company plans to simultaneously pursue a superiority study comparing the selected dose of IkT-001Pro to standard-of-care 400 mg imatinib mesylate in SP-CML patients using a novel two-period, wait-list-crossover-switching study.
- Evaluating ongoing studies of IkT-148009 in Animal Models of Multiple System Atrophy (MSA): Inhibikase continues to advance regulatory activities IkT-148009 in both the U.S. and EU27 for the treatment of MSA. The Company is preparing regulatory filings in the US and EU27 to enable the planned Phase 2 MSA trial if IkT-148009 is validated to be active in MSA in animal model studies. Execution of this trial will require the Company to raise additional working capital. Two animal model studies are ongoing and a preliminary assessment in one of the two studies demonstrated an apparent functional benefit following treatment.
- Receipt of new patent # 11,407,747 entitled Compositions and methods for inhibiting kinases: This patent was issued August 9, 2022 for the application of the Company's c-Abl kinase inhibitor portfolio to the treatment of cancer or bacterial or viral infections. This patent is the fifth U.S. patent issued for our portfolio of compounds that inhibit Abelson Tyrosine Kinases for a therapeutic purpose.
Second Quarter 2022 Financial Results
Net Loss: Net loss for the second quarter ended June 30, 2022, was $4.6 million, or $0.18 per share, compared to a net loss of $ 2.6 million, or $0.22 per share for the second quarter in 2021.
Net loss for the six months ended June 30, 2022, was $9.3 million or $0.37 per share, compared to a net loss of $5.3 million, or $0.47 per share in the six months ended June 30, 2021.
R&D Expenses: Research and development expenses were $3.0 million for the second quarter ended June 30, 2022, compared to $2.4 million in the second quarter of 2021. The increase of $0.6 million was driven by a $2.1 million increase in non-grant related research offset by a decrease of $1.4 million in grant related research expenditures and a decrease of $0.1 million in non-cash stock compensation expense. The non-grant related research was expended primarily in connection with the Company's PD clinical trials.
Research and development expenses were $6.0 million for the six months ended June 30, 2022 compared to $4.8 million in the comparable period in 2021. The $1.2 million increase was driven by a $4.3 million increase in non-grant related research offset by a decrease of $2.7 million in grant related research expenditures and a decrease of $0.4 million in non-cash stock compensation expense. The non-grant related research was expended primarily in connection with the Company's PD clinical trials.
SG&A Expenses: Selling, general and administrative expenses for the quarter ended June 30, 2022 were $1.7 million compared to $1.6 million for the second quarter in 2021. The increase was primarily from increased headcount resulting in increased compensation expense of $0.1 million, increased legal fees, board fees, investor relation and consulting fees of $0.3 million and a net increase of $0.1 million for other normal operating expenses offset by decreased non-cash stock based compensation expense of $0.4 million.
Selling, general and administrative expenses for the six months ended June 30, 2022 were $3.3 million compared to $3.2 million for comparable period in 2021. The increase was primarily from increased headcount resulting in increased compensation expense of $0.3 million, increased legal fees, board fees, investor relation and consulting fees of $0.6 million and a net decrease of $0.1 million for other normal operating expenses offset by decreased non-cash stock based compensation expense of $0.7 million.
Cash Position: Cash and cash equivalents were $32.2 million as of June 30, 2022. The Company expects that existing cash and cash equivalents will be sufficient to fund its normal operations and capital expenditure requirements through December 31, 2023.
Conference Call Information
The conference call is scheduled to begin at 8:00am ET on Monday, August 15, 2022. Participants should dial 844-825-9789 (United States) or 412-317-5180 (International) with the conference code 10169366. A live webcast may be accessed using the link here, or by visiting the investors section of the Company's website at www.inhibikase.com. After the live webcast, the event will be archived on Inhibikase's website for approximately 90 days after the call.
About Inhibikase (www.inhibikase.com)
Inhibikase Therapeutics, Inc. (Nasdaq: IKT) is a clinical-stage pharmaceutical company developing therapeutics for Parkinson's disease and related disorders. Inhibikase's multi-therapeutic pipeline focuses on neurodegeneration and its lead program IkT-148009, an Abelson Tyrosine Kinase (c-Abl) inhibitor, targets the treatment of Parkinson's disease inside and outside the brain. Its multi-therapeutic pipeline is pursuing Parkinson's-related disorders of the brain and GI tract, orphan indications related to Parkinson's disease such as Multiple System Atrophy, and drug delivery technologies for kinase inhibitors such as IkT-001Pro, a prodrug of the anticancer agent Imatinib that the Company believes will provide a better patient experience with fewer on-dosing side-effects. The Company's RAMP™ medicinal chemistry program has identified a number of follow-on compounds to IkT-148009 to be potentially applied to other cognitive and motor function diseases of the brain. Inhibikase is headquartered in Atlanta, Georgia with offices in Boston, Massachusetts.
Social Media Disclaimer
Investors and others should note that the Company announces material financial information to investors using its investor relations website, press releases, SEC filings and public conference calls and webcasts. The Company intends to also use Twitter, Facebook, LinkedIn and YouTube as a means of disclosing information about the Company, its services and other matters and for complying with its disclosure obligations under Regulation FD.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking terminology such as "believes," "expects," "may," "will," "should," "anticipates," "plans," or similar expressions or the negative of these terms and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on Inhibikase's current expectations and assumptions. Such statements are subject to certain risks and uncertainties, which could cause Inhibikase's actual results to differ materially from those anticipated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in Inhibikase's filings with the SEC, including its annual report on Form 10-K for the year ended December 31, 2021, including under the caption "Risk Factors" and its quarterly report on Form 10-Q for the quarter ended June 30, 2022 filed with the Securities and Exchange Commission. Any forward-looking statement in this release speaks only as of the date of this release. Inhibikase undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.
Contacts:
Company Contact:
Milton H. Werner, Ph.D.
President & CEO
678-392-3419
info@inhibikase.com
Investor Relations:
Alex Lobo
SternIR, Inc.
alex.lobo@sternir.com
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SOURCE Inhibikase Therapeutics, Inc. | https://www.kxii.com/prnewswire/2022/08/12/inhibikase-therapeutics-reports-second-quarter-2022-financial-results-highlights-recent-period-activity/ | 2022-08-12T21:43:10Z |
MUMBAI, India, July 29, 2022 /PRNewswire/ -- Shriram Transport Finance Company Limited, a limited liability company incorporated in the Republic of India (the "Company"), hereby announces an offer to purchase for cash (the "Tender Offer"), upon the terms and subject to the conditions set forth in the Tender Offer Memorandum dated July 29, 2022 (the "Tender Offer Memorandum"), any and all of the outstanding U.S.$750,000,000 5.950% Senior Secured Notes due 2022 issued by the Company (the "Notes") under the second amended and restated trust deed dated December 27, 2019, as modified, supplemented and amended from time to time, between the Company and The Hongkong and Shanghai Banking Corporation Limited and Axis Trustee Services Limited (the "Trust Deed").
Capitalised terms used but not defined herein shall have the meanings given to them in the Tender Offer Memorandum, which is available on the Tender Offer Website
(https://projects.morrowsodali.com/stfc).
**SUMMARY OF THE TENDER OFFER**
(1) The Company will also pay accrued and unpaid interest on the Notes purchased pursuant to the Tender Offer up to, but not including, the expected Payment Date pursuant to the Tender Offer.
**DETAILS OF THE TENDER OFFER**
Noteholders must validly tender and not validly withdraw the Notes (or deliver to the Information and Tender Agent a notice of guaranteed delivery) at or prior to the Expiration Time to receive the Consideration. Noteholders who validly tender their Notes may withdraw such Notes at any time prior to the Expiration Time by following the procedures described in the Tender Offer Memorandum. Except for guaranteed delivery tenders according to the guaranteed delivery procedures described in the Tender Offer Memorandum, no tenders will be valid if submitted after the Expiration Time.
The Company is concurrently offering to purchase its outstanding U.S.$475,000,000 4.15% Senior Secured Notes due 2025 (together with the Tender Offer, the "Concurrent Tender Offers"). The Company intends to unwind certain of its hedge transactions in connection with the Concurrent Tender Offers. The mark to market valuation of the hedge transactions expected to be unwound in connection with the Concurrent Tender Offers should not be negative (the "Hedge Unwind Condition"). If the Hedge Unwind Condition is not satisfied or waived by the Company in its sole discretion, the Company will not accept any validly tendered Notes pursuant to the Tender Offer.
**PURPOSE OF THE TENDER OFFER**
The purpose of the Tender Offer is to is to optimize the Company's balance sheet and reduce debt.
**INDICATIVE TIMETABLE FOR THE TENDER OFFER** (all times are New York City time)
Commencement Date – July 29, 2022
Expiration Date and Time – 5:00 p.m. on August 11, 2022
Delivery date for tenders made via Notice of Guaranteed Delivery – 5:00 p.m. on or around August 17, 2022, which is the second business day following the Expiration Date
Payment Date – On or around August 17, which is the second business day following the Expiration Date
Payment Date for Notes tendered via Notice of Guaranteed Delivery – On or around August 19, which is the second business day following the delivery date for tenders made via Notice of Guaranteed Delivery
**DEALER MANAGERS**
Barclays (Tel: In Hong Kong: + 852 2903 3266 / In London: +44 20 3134 8515 / U.S. Toll-free: +1 (800) 438-3242 / U.S. Collect: +1 (212) 528-7581 // Email: NJASyndicate@barclays.com / liability.management@barclays.com)
Deutsche Bank (Tel: +852 2203 8652 // Email: asiasyn@list.db.com)
HSBC (Tel: +852 3941 0223 / +44 207 992 6237 / +1 212 525 5552 // Email: liability.management@hsbcib.com)
J.P. Morgan (Email: liability_management_asia@jpmorgan.com)
Standard Chartered Bank (Tel: +44 20 7885 5739 / +852 3983 8658 / +65 6557 8286 // Email: liability_management@sc.com)
**THE INFORMATION AND TENDER AGENT**
Morrow Sodali Limited (Email: stfc@investor.morrowsodali.com / Tender Offer Website: https://projects.morrowsodali.com/stfc / +852 2319 4130 / +44 20 4513 6933 / +1 203 609 4910)
Questions and requests for assistance in connection with tendering Notes and participating in the Tender Offer and the submission of a tender instruction should be directed to the Information and Tender Agent. Questions and requests for assistance in connection with the Tender Offer should be directed to the Dealer Managers.
**DISCLAIMER**
THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF AND SHOULD NOT BE CONSTRUED AS AN OFFER OR AN INVITATION TO PARTICIPATE IN THE TENDER OFFER. THE TENDER OFFER IS BEING MADE PURSUANT TO A TENDER OFFER MEMORANDUM, A COPY OF WHICH WILL BE DELIVERED TO THE NOTEHOLDERS, AND WHICH SETS FORTH THE COMPLETE TERMS AND CONDITIONS OF THE TENDER OFFER. NOTEHOLDERS ARE URGED TO READ THE TENDER OFFER MEMORANDUM CAREFULLY BEFORE MAKING ANY DECISION WITH RESPECT TO THEIR NOTES.
TENDER OFFER WEBSITE: HTTPS://PROJECTS.MORROWSODALI.COM/STFC
NEITHER THIS ANNOUNCEMENT NOR THE TENDER OFFER MEMORANDUM CONSTITUTES AN OFFER TO BUY OR THE SOLICITATION OF AN OFFER TO SELL NOTES IN ANY JURISDICTION IN WHICH IT IS UNLAWFUL TO DO SO, AND TENDERS OF NOTES FOR PURCHASE PURSUANT TO THE TENDER OFFER WILL NOT BE ACCEPTED FROM NOTEHOLDERS IN ANY CIRCUMSTANCES IN WHICH SUCH OFFER OR SOLICITATION IS UNLAWFUL. IN THOSE JURISDICTIONS WHERE THE SECURITIES, BLUE SKY OR OTHER LAWS REQUIRE AN INVITATION TO TENDER TO BE MADE BY A LICENSED BROKER OR DEALER AND THE DEALER MANAGER OR ITS AFFILIATE IS SUCH A LICENSED BROKER OR DEALER IN SUCH JURISDICTIONS, ANY INVITATION SHALL BE DEEMED TO BE MADE ON BEHALF OF THE OFFER BY THE DEALER MANAGER OR SUCH AFFILIATE, AS THE CASE MAY BE, AND NO INVITATION IS MADE IN ANY SUCH JURISDICTION WHERE THE DEALER MANAGER OR ITS RELEVANT AFFILIATE IS NOT SO LICENSED.
NEITHER THIS COMMUNICATION NOR ANY INFORMATION HEREIN NOR THE FACT OF ITS DISTRIBUTION SHALL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH, ANY CONTRACT OR COMMITMENT OR INVESTMENT DECISION WHATSOEVER. ANY INVESTMENT DECISION SHOULD BE MADE SOLELY ON THE BASIS OF THE TENDER OFFER MEMORANDUM.
THE TENDER OFFER AND THE TENDERING OF NOTES (NOT BEING SECURITIES LISTED ON A STOCK EXCHANGE IN INDIA) WILL NOT BE REGULATED IN ACCORDANCE WITH THE SECURITIES AND EXCHANGE BOARD OF INDIA (BUY BACK OF SECURITIES) REGULATIONS, 2018, AS AMENDED. THE TENDER OFFER WILL NOT BE, AND HAS NOT BEEN, OFFERED IN INDIA BY MEANS OF ANY DOCUMENT AND DOES NOT CONSTITUTE AN ADVERTISEMENT, INVITATION, OFFER OR SOLICITATION OF AN OFFER TO BUY BACK ANY NOTES IN VIOLATION OF APPLICABLE INDIAN LAWS. ACCORDINGLY, ANY NOTEHOLDER PARTICIPATING IN THE TENDER OFFER WILL BE DEEMED TO HAVE ACKNOWLEDGED, REPRESENTED AND AGREED THAT IT IS ELIGIBLE TO TENDER ITS NOTES PURSUANT TO APPLICABLE LAWS AND REGULATIONS.
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SOURCE Shriram Transport Finance Co. Ltd | https://www.kxii.com/prnewswire/2022/07/29/shriram-transport-finance-company-limited-announces-usd-cash-tender-offer/ | 2022-07-29T13:25:30Z |
ANAHEIM, Calif. (AP) — Shohei Ohtani and Anthony Rendon struggled for most of the Angels’ weekend series against the Washington Nationals. Both came up with clutch hits to give Los Angeles a comeback victory in the finale Sunday.
Ohtani hit a tying, two-run double,Rendon followed with a game-ending singleagainst his former team and the Angels stole away a 5-4 victory to win the three-game set.
“What’s so fun about this team and this offense is that we can ignite at anytime,” Rendon said. “We’ve had some games where we’ve ignited early and our pitching shuts them down the rest of the game, and we’ve had games where we’ve been shutout as hitters through eight innings on and then we come in and win it.”
The Angels trailed 4-2 going into the ninth. Luis Rengifo drew a walk with one out and advanced to third on Taylor Ward’s hit. Mike Trout struck out, then Ohtani drove a slider by Tanner Rainey (0-1) off the wall in center to tie it.
The reigning AL MVP had been 1 for 11 during the weekend series before that at-bat.
Rendon then lined a single to center and Ohtani slid to avoid Victor Robles’ throw home.
“I had a good start. By the way that ball landed, I was going to be able to score easily,” Ohtani said through an interpreter.
Rendon was 0 for 8 the first two games but had two hits Sunday to sink a team he spent seven seasons with and won a World Series title for in 2019.
It is the fourth walk-off hit of his career and first since signing with the Angels in 2020.
“I thought I got away with one there with Trout and then come back face Ohtani and the slider stays too much on the plate and zone and he does what he needs to do,” Rainey said. “I was trying to go up on Rendon and didn’t quite get up enough.”
Jack Mayfield also drove in two runs and Jaime Barria (1-0) got the win for the Angels, who had their second walk-off win this season.
“They pitched us well, we had been in a little bit of an offensive funk. But we have been good late,” Los Angeles manager Joe Maddon said. “We did a lot of good things but our team offensively is capable of more.”
All 11 of the Nationals’ hits were singles, including three by César Hernández. It is the first time since 2004, when they were the Montreal Expos, that they have had at least 11 hits with none going for extra bases.
Erick Fedde allowed only two hits in five innings with five walks and four strikeouts. The right-hander went a season-high seven innings on May 3 at Colorado and has allowed only one earned run in his last 12 innings pitched.
Los Angeles starter Patrick Sandoval gave up three runs on seven hits with five strikeouts in 5 2/3 innings.
Washington opened the scoring in the third. With the bases loaded, Riley Adams scored on a slow grounder by Juan Soto up the middle that had a chance for a single, but Angels shortstop Andrew Velazquez made a diving stop and made a throw behind his back to get Hernández out at second.
The Nationals extended their lead to 3-0 in the sixth on a sacrifice fly by Lane Thomas’ and an RBI base hit by Alcides Escobar.
The Angels responded in the home half on Mayfield’s two-run single, which snapped an 0-for-11 skid.
The Nationals tacked on a run in the seventh on an RBI single by Josh Bell before the Angels rallied.
BREAKOUT SIGNS?
Ohtani is 5 for 26 in May and batting only .235, but the two-way Japanese superstar was getting more consistent contact over the weekend and driving it to left field.
“After the last couple games, I am feeling a lot better. I’m getting a better angle on the ball and getting it in the air. Take a few more days and I should be able to get there,” Ohtani said.
TRAINER’S ROOM
Nationals: Pitchers Stephen Strasburg (recovery from thoracic outlet) and Joe Ross (right elbow bone spur removal) are on track to throw two-inning simulated games this week at the team’s spring training facility in Florida.
Angels: INFs David Fletcher (left hip strain) and Jose Rojas (undisclosed) were placed on the injured list. INF Luis Rengifo was recalled from Triple-A Salt Lake and the contract of OF Aaron Whitefield was selected from Double-A Rocket City.
UP NEXT
Nationals: Begin a six-game homestand against the New York Mets on Tuesday. LHP Patrick Corbin (0-5, 7.16) is 5-8 in 20 career starts against the Mets.
Angels: Host the Tampa Bay Rays for three games starting Monday. RHP Noah Syndergaard (2-1, 2.63 ERA) has allowed two runs or fewer in three of his four starts.
___
More AP MLB: https://apnews.com/hub/mlb and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/ohtani-rendon-rally-angels-past-nationals-5-4-in-9th/ | 2022-05-09T07:25:50Z |
KINGSTON, Jamaica, June 7, 2022 /PRNewswire/ -- The non-profit news entity, Caribbean Investigative Journalism Network (CIJN), has launched an investigative series on citizenship by investment (CBI) programmes in the Caribbean. The stories examine the benefits of the programmes, along with transparency and accountability concerns in St. Kitts and Nevis, Antigua and Barbuda, Grenada, Dominica and Saint Lucia.
A network of eighteen Caribbean journalists worked on the cross-border collaboration, which highlighted the economic value of such programmes to these small island developing states. Former CNN anchor and correspondent Jim Clancy led the teams in developing five long-form multimedia investigative stories.
The global concern over such programmes has become increasingly acute due to the current conflict between Russia and Ukraine. Caribbean nations have, accordingly, halted applications from Russia.
With the EU Parliament's review of CBI programmes and the uncertainty of the outcome, these islands could lose a major source of revenue that accompanied removal of Schengen visas. Based on available data, the report indicates that the highest number of applicants in the region are Chinese nationals.
A country-by-country examination of the use of revenue from the initiatives shows that while there are several positives which benefit the country's citizenry, there are grey areas regarding where and how the funds are utilised. There are also issues raised by several opposition parties and civil society critics. The degree of transparency and data in the public domain varied from island to island.
There is a clear indication that competition among the Caribbean countries is fierce, with each attempting to ensure that its investment option is the most attractive.
CIJN will also will be releasing a documentary on the findings.
CIJN stories can be accessed at www.cijn.org. All content can be freely republished with attribution and without amendment. For more information, email cijninfo@gmail.com
COMPANY: Caribbean Investigative Journalism Network
PHONE: 954-990-0007
E-MAIL: cijninfo@gmail.com
WEBSITE: www.cijn.org
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SOURCE Caribbean Investigative Journalism Network (CIJN) | https://www.wibw.com/prnewswire/2022/06/07/caribbean-investigative-journalism-network-launches-investigative-series-citizen-by-investment-programmes-caribbean/ | 2022-06-07T20:12:12Z |
RADNOR, Pa., June 1, 2022 /PRNewswire/ --– The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against PLAYSTUDIOS, Inc. ("PLAYSTUDIOS") (NASDAQ: MYPS; MYPSW) f/k/a Acies Acquisition Corp. ("Acies") (NASDAQ: ACAC; ACACW). The action charges PLAYSTUDIOS with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects. The lawsuit also includes claims relating to a merger transaction with Acies and asserts claims on behalf of investors who held Acies common stock as of May 25, 2021, were eligible to vote at Acies' June 17, 2021 special meeting, and who exchanged their shares of Acies stock for PLAYSTUDIOS stock in connection with the merger. As a result of PLAYSTUDIOS' materially misleading statements to the public, PLAYSTUDIOS' investors have suffered significant losses.
CLICK HERE TO SUBMIT YOUR PLAYSTUDIOS LOSSES. YOU CAN ALSO CLICK ON THE FOLLOWING LINK OR COPY AND PASTE IN YOUR BROWSER: https://www.ktmc.com/new-cases/playstudios-inc?utm_source=PR&utm_medium=link&utm_campaign=playstudios
TO VIEW OUR VIDEO, PLEASE CLICK HERE
LEAD PLAINTIFF DEADLINE: JUNE 6, 2022
CLASS PERIOD: JUNE 22, 2021 THROUGH MARCH 1, 2022
CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:
James Maro, Esq. at (484) 270-1453 or via email at info@ktmc.com
THE CLASS INCLUDES: Investors who (1) purchased or acquired PLAYSTUDIOS securities between June 22, 2021 and March 1, 2022, including, but not limited to, those who purchased or acquired PLAYSTUDIOS securities pursuant to the offering of the private investment in public equity; (2) held Acies common stock as of May 25, 2021, and were eligible to vote at Acies' June 17, 2021 special meeting who exchanged their Acies stock for PLAYSTUDIOS stock; or (3) purchased or acquired PLAYSTUDIOS common stock pursuant or traceable to the Acies' Registration Statement and Proxy Statement issued in connection with the June 2021 merger.
Kessler Topaz is one of the world's foremost advocates in protecting the public against corporate fraud and other wrongdoing. Our securities fraud litigators are regularly recognized as leaders in the field individually and our firm is both feared and respected among the defense bar and the insurance bar. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent.
PLAYSTUDIOS' ALLEGED MISCONDUCT
On February 1, 2021, Acies, a special purpose acquisition company, announced that it had reached a merger agreement with "Old Playstudios," a privately-held gaming company (the "Merger"). PLAYSTUDIOS' flagship game was Kingdom Boss. PLAYSTUDIOS told investors that "Kingdom Boss, which began development in 2020, will launch as expected in the second half of 2021."
On June 17, 2021, Acies held a General Meeting where Acies shareholders were asked to approve the Merger. The Merger closed on June 21, 2021, and on June 22, 2021, PLAYSTUDIOS stock and warrants began publicly trading on NASDAQ.
The truth began to be revealed on August 11, 2021, when PLAYSTUDIOS released its financial results for the second quarter of 2021 wherein PLAYSTUDIOS revealed for the first time that the Kingdom Boss launch was being delayed until later in the year and that investors should expect decreased revenues and profits during the year as a result. These quarterly financial results were finalized on June 30, 2021, just nine days after the Merger closed. Thus, defendants knew or recklessly disregarded prior to the merger close (June 21, 2021) and prior to the merger vote by the Acies shareholders (June 17, 2021), that Kingdom Boss would not be ready to launch within just a matter of weeks. Following this news, PLAYSTUDIOS stock price fell $.66 to close at $5.09 per share on August 12, 2021, a decline of 13%.
Then, on February 24, 2022, during an earnings call for the fourth quarter ended December 31, 2021, PLAYSTUDIOS' CEO, much to investors' surprise, disclosed that Kingdom Boss would not be launched at all. Following this news, PLAYSTUDIOS stock price fell $.24 to close at $4.86 per share on February 25, 2022, a decline of 5%. Two days later, on February 26, 2022, PLAYSTUDIOS' CEO attributed the failure to meet the projections made for revenue and earnings to the failure to launch Kingdom Boss, and revealed that Kingdom Boss was not only delayed, but indefinitely "suspended."
WHAT CAN I DO?
Current PLAYSTUDIOS investors and/or former Acies shareholders may, no later than June 6, 2022 seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. Kessler Topaz Meltzer & Check, LLP encourages PLAYSTUDIOS investors and/or former Acies shareholders who have suffered significant losses to contact the firm directly to acquire more information.
CLICK HERE TO SIGN UP FOR THE CASE
WHO CAN BE A LEAD PLAINTIFF?
A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.
CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
280 King of Prussia Road
Radnor, PA 19087
(484) 270-1453
info@ktmc.com
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SOURCE Kessler Topaz Meltzer & Check, LLP | https://www.kxii.com/prnewswire/2022/06/01/final-deadline-approaching-june-6-2022-kessler-topaz-meltzer-amp-check-llp-reminds-playstudios-inc-investors-class-action-lawsuit-deadline/ | 2022-06-01T15:24:23Z |
Dear Heloise: I like to keep ice cubes ready to use in a tightly closed rubber-type container for drinks. The problem is that even with a closed container in the freezer, a “refrigerator” type odor got into the ice cubes. I would often taste this unwanted flavor in my drink.
So my solution was pretty simple.
Inside the ice cube container, I put a second smaller open container of baking soda.
You guessed it; no more odd-tasting ice cubes!
— Ed Czarnecki, Alpena, Mich.
Ed, baking soda is a versatile household product that can be used for cleaning, deodorizing and cooking.
FYI: If your dog’s fur is a tad smelly, sprinkle a bit of baking soda onto the fur and leave for a bit, then brush off.
Don’t let the baking soda get in your dog’s eyes.
— Heloise | https://www.tdtnews.com/life/advice_columns/article_47f2ead0-d6c2-11ec-b028-fb48aa68343a.html | 2022-05-19T07:53:23Z |
RADNOR, Pa. , June 7, 2022 /PRNewswire/ -- LBC Credit Partners ("LBC"), one of the leading providers of financing solutions to middle market companies, provided a senior secured credit facility to Aterian Investment Partners ("Aterian") to support the acquisition of ATCO Industries, Inc.("ATCO" or the "Company").
LBC served as Agent and Sole Lead Arranger for the senior secured credit facility.
ATCO was family-founded in 1980. ATCO's technology-centric approach to quality containment has helped pioneer the industry. The Company has expanded to become a leading quality containment and warehousing services provider, primarily for the automotive sector. ATCO has national reach, serving a broad variety of OEMs and Tier 1/2 suppliers.
Aterian Investment Partners is a private equity firm that invests in industry-leading, middle market businesses. In collaboration with management, Aterian supports investments throughout an organization, from people to processes, equipment, technology, and social governance, among others. With offices in New York and Florida, Aterian has raised cumulative equity commitments of more than $1.5 billion since its founding in 2009.
LBC Credit Partners provides middle market and lower middle market financing solutions supporting sponsored and non-sponsored transactions throughout the U.S. across a broad range of industries. With over $3 billion of capital commitments, we have provided in excess of $9.1 billion to over 294 issuers throughout our 17-year history.* In December 2021, CIFC acquired LBC Credit Partners, expanding its alternative global credit platform into the private credit market. With the acquisition, CIFC currently manages over $39 billion in assets and employs more than 185 professionals in the U.S. and Europe.* To learn more, visit www.cifc.com or www.lbccredit.com.
LBC Offices: Philadelphia area (HQ), Chicago
LBC Originations Offices: Atlanta, Cleveland, Los Angeles, New York
*Information as of March 31, 2022.
LBC Credit Partners
555 East Lancaster Avenue, Suite 450
Radnor, PA 19087
Tel 215-972-8900
Fax 215-567-0138
MEDIA CONTACT:
Lisa Rubano-Volansky
Tel 724-979-4293
Email: lrubano@50words.com
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SOURCE LBC Credit Partners | https://www.wibw.com/prnewswire/2022/06/07/lbc-credit-partners-supports-acquisition-atco-industries-inc/ | 2022-06-07T14:09:21Z |
Which JBL earbuds are best?
Earbuds are the most popular way to listen to music on the go. They are small, lightweight and discreet, so you can comfortably carry and wear them everywhere. And thanks to modern engineering, they can offer just as robust bass and sound as large over-the-ear headphones.
When it comes to choosing a pair of earbuds, JBL makes some of the best options in the business. They have a variety of models to choose from to fit every budget and need. For premium audio quality and features, though, few can compare to the JBL Tour Pro+. They offer rich sound with impressive bass and no perceptible distortion at high volumes. The Tour Pro+ also boasts eight hours of battery life, which can be extended up to 32 hours when using the extra charges in the case.
What to know before you buy JBL earbuds
How you’ll use them
One of the first things to consider when choosing any pair of earbuds or headphones is how you plan on using them. Suppose you’ll be using your headphones primarily for exercising. In that case, you’ll have different requirements than someone who mainly listens to music while commuting to work on public transportation or watching media on their laptop. Earbuds for working out need to be durable, highly water-resistant and stay in place well during intense activities. If purchasing earbuds for casual listening throughout the day, sound quality and battery life are often higher priorities.
Even different forms of exercise may require different features. For example, those who exercise in the gym may want to block out as much background noise as possible so they can focus on their workout without being distracted. Conversely, someone who cycles or jogs outdoors may want a pair of earbuds that allows some ambient noise to pass through so they can stay aware of their surroundings.
Should you go wired or wireless?
These days, most people prefer truly wireless earbuds. They are more discreet, easier to shove into a pocket and allow total freedom of movement of the head without worrying about a cord getting caught on anything. You’ll also never run into an issue where the cord gets damaged, resulting in unusable earbuds. Thanks to modern Bluetooth technology, wireless earbuds also offer audio quality on par with wired models.
There are still a couple of reasons you may want to opt for wired earbuds. They are easier to keep track of, making them a good choice for anyone prone to losing small items. They also don’t require charging because they are powered via their wired connection.
What to look for in quality JBL earbuds
Noise cancellation
There are two main types of noise cancellation — active and passive. Active noise cancellation is more popular because it is more effective. Earbuds with active noise cancellation create a 180-degree phase-shifted tone from ambient noises that effectively makes them inaudible. Passive noise cancellation should be more accurately referred to as noise isolation. Earbuds with passive noise cancellation simply rely on the seal the ear tips create to block out outside noise and enhance the audio quality of your music.
Ambient Aware mode
There are times you may want to be aware of what is happening around you while still being able to enjoy your music. JBL’s ambient aware mode was created for just this purpose. When this feature is turned on, you’ll be able to clearly hear outside noises without having to pause your music.
Talk Thru mode
JBL’s Talk Thru mode is similar to Ambient Aware in that it lets you hear noises from outside your earbuds, but in this case, it’s specifically speech. When Talk Thru mode is activated, your music is lowered and speech is amplified so you can easily have a conversation with someone without having to remove your earbuds.
Voice assistant compatibility
If you find your smart voice assistant invaluable, look for JBL earbuds that offer full voice assistant compatibility. JBL earbuds with this feature are designed to work seamlessly with Siri, Google Assistant and Amazon Alexa.
Water-resistance
JBL makes both water-resistant and waterproof earbuds with ratings from IPX4 up to IPX8. IPX4 and IPX5 are suitable for working out, as they offer enough water resistance to stand up to both excessive sweating and being caught in light rain when out jogging. If you need a pair of earbuds for swimming or that can stand up to heavy rainstorms, you’ll need to opt for their IPX7- or IPX8-rated models. These can withstand being fully submerged in water.
Battery life
Battery life in JBL earbuds varies from as little as four hours per charge up to as many as 10. Most truly wireless models also include a charging case that can extend this to as much as 40 hours of total usage before requiring access to a power source.
Speed charge
JBL headphones can take as long as two hours to recharge fully. Some models have a speed charge feature to ensure you always have some juice when needed. This allows you one or two hours of usage time after just 10 or 15 minutes of charging.
How much you can expect to spend on JBL earbuds
The most budget-friendly wired JBL earbuds cost as little as $12, with truly wireless models starting at $40. The most expensive wireless models cost $200.
JBL earbuds FAQ
Do JBL earbuds have good audio quality?
A. Yes. JBL is a well-respected brand in the audio equipment industry and is known for making speakers, earbuds and headphones that offer premium audio quality at affordable prices
What is the warranty on JBL earbuds?
A. JBL earbuds come with a 12-month warranty. The warranty begins on the date of purchase and is only valid on purchases made from authorized resellers in the U.S.
What are the best JBL earbuds to buy?
Top JBL earbuds
What you need to know: These sleek earbuds offer fully customizable sound and multiple microphones for crystal clear voice calls.
What you’ll love: Their adaptive noise cancellation is impressively effective at blocking out background sounds. They also feature Ambient Aware and Talk Thru modes for when you want to hear what’s happening around you.
What you should consider: They have a tendency to fall out of the ears of some people and may not be ideal for exercising.
Where to buy: Sold by Amazon
Top JBL earbuds for the money
What you need to know: These basic earbuds offer better sound and build quality than most other models at a similar price point.
What you’ll love: Most users find them very comfortable to wear for long periods. They come in several colors, too, so you can show off a bit of your personal style.
What you should consider: They are not water-resistant and do not have active noise cancellation.
Where to buy: Sold by Amazon
Worth checking out
What you need to know: Thanks to an IP68 rating and wingtips to hold them in place, there are few better options for fitness enthusiasts.
What you’ll love: They come with several sizes of wingtips and ear tips to help you achieve the perfect fit. They are also fully compatible with voice assistants and offer 10 hours of battery life in the earbuds.
What you should consider: Audiophiles may have to spend some time tweaking settings to find a sound quality they are happy with.
Where to buy: Sold by Amazon
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Brett Dvoretz writes for BestReviews. BestReviews has helped millions of consumers simplify their purchasing decisions, saving them time and money.
Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/best-jbl-earbuds/ | 2022-04-29T07:11:03Z |
First Instance of OCHIN Epic in Illinois
NASHVILLE, Tenn., July 19, 2022 /PRNewswire/ -- Pivot Point Consulting, a Vaco Company, and recognized 2022 #2 Best in KLAS: Overall IT Services Firm, today announced the full deployment of OCHIN's Epic Electronic Health Record (EHR) system at Erie Family Health Centers (Erie), a nonprofit with 13 locations dedicated to the integrated healthcare needs of underserved communities across Chicago. This is the first instance of OCHIN Epic in Illinois.
Erie has more than 730 staff members across seven primary care centers, four of which include integrated dental care, one teen center and five school-based health centers, two of which are also open to the surrounding community. Erie cared for more than 88,000 patients in 2021 – the highest number in its 65-year history – providing medical, dental and behavioral health to those it serves. Out of 45 community health centers in Illinois, Erie now ranks in the top 1% of community health centers nationally and #1 in Illinois for newborn delivery volume.
"We are thrilled to partner with Pivot Point and OCHIN to deploy the Epic platform across our community-based health centers," said Amy Valukas, COO at Erie, who also served as a sponsor for the overall project. "Our aim is to drive efficiencies, get more out of our data and build upon the robust connection between our clinical providers and our patients. We were able to deploy OCHIN Epic seamlessly across our organization leveraging a super user program, effective training, as well as a provider personalization program to enhance patient-provider engagements."
The OCHIN Epic EHR technology enables all of Erie's community health centers to access, organize, store and share electronic medical records with four Epic hospital partners. Pivot Point Consulting brings expert project management, resourcing and strategy services to their OCHIN partnership and this EHR transformation initiative.
According to Rachel Marano, Founder and Managing Partner at Pivot Point, "We are tremendously proud to partner with OCHIN and its members nationwide to successfully plan and implement the OCHIN Epic EHR platform. We are continually gratified by this important work to help superior community health centers like Erie leverage crucial technology so they can continue to deliver high-quality care to the communities they serve."
About Erie Family Health
With a mission motivated by the belief that healthcare is a human right, Erie provides high-quality, affordable care to support healthier people, families and communities. Its vision statement is "All people living their healthiest lives." Erie serves patients in nearly 200 zip codes from North Lawndale on Chicago's west side north to Waukegan, regardless of a patient's insurance status, immigration status, primary language, or ability to pay. Erie trains over 300 providers and healthcare workers annually to support this goal of healthcare accessibility. To expand healthcare access, Erie has also deployed an effective telehealth program and last year more than 26 percent of its total patient visits were via telehealth, and successfully served patients in 83 languages.
About Pivot Point Consulting
Pivot Point Consulting enables healthcare organizations to realize the most value from their technology and resources through EHR, ERP, Strategy, Virtual Care, Data & Analytics, Cybersecurity, Service Desk, Application Support and Revenue Cycle Management services. Our experts deliver consulting, managed services and talent solutions to providers, payers, life sciences and technology organizations. In 2022, the firm ranked as the #2 Best in KLAS: Overall IT Services Firm, by KLAS (after being 2020 #1 Best in KLAS Overall IT Services Firm) and also ranked #2 in Partial IT Outsourcing. For more information, visit us at pivotpointconsulting.com.
Media Contact:
Mardi Larson
Amendola Communications (for Pivot Point Consulting)
mlarson@acmarketingpr.com
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SOURCE Pivot Point Consulting | https://www.mysuncoast.com/prnewswire/2022/07/19/pivot-point-consulting-supports-live-deployment-ochin-epic-electronic-health-record-system-chicagos-erie-family-health/ | 2022-07-19T16:38:35Z |
OAKLAND, Calif., Aug. 2, 2022 /PRNewswire/ -- The EdSource Board of Directors today announced that Executive Director Anne Vasquez, who took the organization's helm in May 2021, is assuming the new title of Chief Executive Officer of EdSource effective July 26, 2022.
Joel Vargas, president of the Board of Directors, said: "The change not only reflects Anne's able stewardship of EdSource as a trusted, go-to source of news about education in California. It more appropriately signals the breadth of her responsibilities and effectiveness in enhancing the organization, especially as we look to deepen and grow EdSource's impact in the coming years."
Before becoming executive director, Anne was director of content and strategic initiatives at EdSource. In that role, she helped shape editorial strategy, grow partnerships and expand the organization's footprint throughout California. Prior to joining EdSource, Anne was an executive at Tribune Publishing, where she most recently served as senior vice president of strategic initiatives and chief digital officer. She previously was the managing editor of the South Florida Sun Sentinel when the newsroom won its first Pulitzer Prize, the Gold Medal for Public Service. Anne began her career at The Miami Herald and the San Jose Mercury News, where she was an education reporter and later an editor.
EdSource is at a critical inflection point, at a time when its audience has more than doubled, and it has captured the attention of a growing number of policymakers, educators and parents alike. As California emerges from a global pandemic that has upended education, EdSource is uniquely positioned to deliver investigative, watchdog journalism to identify areas that are in need of repair or reform, as well as highlight effective models and strategies that benefit students.
Over a period of more than four decades, EdSource has established its reputation as a highly respected source of education information, research and analysis. It has emerged as the preeminent education news organization in California, home to the nation's largest and most diverse public education system. In recent years, the organization also launched the California Student Journalism Corps, a network of student journalists from around the state who report and write for EdSource and receive career training.
As a nonprofit, independent news organization, EdSource knows that an informed, involved public is necessary to strengthen schools to improve opportunities now and in the future. Since 1977, EdSource has delivered education news analysis and continues to report on the most pressing education issues in California and the nation.
EdSource.org
EdSource.org/subscribe
twitter.com/EdSource
facebook.com/EdSource
MEDIA CONTACT
edsource@edsource.org
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SOURCE EdSource | https://www.wibw.com/prnewswire/2022/08/02/edsources-anne-vasquez-assumes-new-title-chief-executive-officer/ | 2022-08-02T19:58:14Z |
Half of respondents say they are saving less money today; 32% say the amount of debt they owe has increased
LEHI, Utah, Aug. 23, 2022 /PRNewswire/ -- MX, a leader in Open Finance, today released a new report on money habits and behaviors among Gen Z and other generations. Findings show that consumers are less confident in their financial futures due to rising costs — with 50% of respondents saying that thinking about money makes them anxious and 47% agreeing that money is their primary source of stress. Across generations, Gen Z may be most optimistic in the face of these economic challenges, while the majority of Baby Boomers are less confident.
"With so many people worried about their financial futures, it's an opportune time for financial institutions and fintechs to step up and assist in ways that only they can," said Shayli Lones, Vice President of Go to Market at MX. "We see Open Finance as the key driver to connecting the dots for consumers by enabling seamless account aggregation and a more complete picture of a consumer's finances so that they can better reach their financial goals. MX can help financial providers deliver the seamless connectivity and enhanced data that consumers need to become financially strong."
- Unprepared for Unexpected Expenses: Only 40% of respondents are confident they can cover any unexpected expenses.
- Retirement Confidence is Low: Only 38% of respondents are confident they will be able to retire comfortably. Additionally, 37% say they do not have retirement savings.
- Trust in Financial Providers: A full 67% trust their financial providers to protect them from fraud and other security risks. However, 26% of respondents have been victims of fraudulent transactions on a financial account in the past two years.
- Unrecognized Transactions are Frequent: When asked if they have seen a transaction on their financial accounts that they didn't recognize at first glance in the past two years, 27% of respondents said it happens sometimes or more frequently. This rises to 40% among Gen Z respondents.
- Gen Z Less Likely to Use Credit: Less than half of Gen Z respondents have a credit card (49%) — the only generation to drop below a majority. When asked what payment method they prefer when shopping online, debit cards are preferred 2:1 over credit cards (50% vs. 22%).
- Account Aggregation Still Needs Work: Nearly 1 in 10 respondents (8%) said no when asked if connecting an app to a financial account went smoothly the first time they attempted it. Forty-five percent of those who have been disconnected also say that their connected financial accounts and money-related apps regularly get disconnected.
The full report gives detailed insights into financial stress, spending and saving habits, and how consumers leverage mobile banking apps. It also shows a growing opportunity to build trust through the right proactive support, safeguarding personal data, and providing context to transaction data.
To access the full report, please visit:
https://www.mx.com/whitepapers/consumer-money-matters-debt-on-the-rise-savings-on-the-decline/
MX, a leader in Open Finance, helps organizations everywhere connect to the world's financial data and turn raw, unstructured data into their most valuable asset to deliver intelligent and personalized money experiences. MX connects more than 16,000 financial institutions and fintechs providing the industry's most reliable and secure data connectivity network. Additionally, MX powers 85% of digital banking providers, as well as thousands of banks, credit unions, and fintechs, with a combined reach of over 200 million consumers. To learn more follow us on Twitter and LinkedIn @MX or visit www.mx.com.
This survey of 1,000 American adults was conducted by MX in June 2022. Results included responses across each generation, with 25% of respondents identifying as Baby Boomers, 21% as Gen X, 21% as Millennials, and 33% as Gen Z. The respondents were evenly split between male (49%) and female (51%).
Contact:
Tom Cook
tom.cook@mx.com
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SOURCE MX | https://www.wibw.com/prnewswire/2022/08/23/new-mx-research-shows-40-consumers-believe-current-financial-situation-has-changed-worse-due-rising-costs/ | 2022-08-23T19:47:37Z |
LUND, Sweden, May 16, 2022 /PRNewswire/ -- Immunovia (Nasdaq Stockholm: IMMNOV) has appointed Natalie Carfora as Head of Market Access of its US subsidiary, Immunovia, Inc. Natalie brings deep expertise to the reimbursement process from prior market access roles at Scipher Medicine and Myriad Genetics. Natalie will take up her position on May 23, 2022.
"The hire of Natalie as Head of Market Access in the US is another key hire in-line with our strategic priority to strengthen our US team for a commercial scale up of IMMray™ PanCan-d in the US. Natalie will be instrumental in the pursuit of reimbursement coverage for IMMray™ PanCan-d in the US, the largest and most attractive diagnostic market globally in which Immunovia is commercializing its novel test since August last year", says Philipp Mathieu, Acting CEO and President, Immunovia AB.
"Establishing reimbursement for IMMray™ PanCan-d, the only blood test available for the early detection of pancreatic cancer, is important to achieving widespread use. Natalie Carfora has a track record of securing reimbursement for novel tests in both a start-up environment at Scipher Medicine and at Myriad Genetics, one of the leading diagnostic companies in the US. Adding her talents to the team is another important step in driving the adoption and growth of IMMray™ PanCan-d," says Jeff Borcherding, CEO of Immunovia, Inc, Immunovia AB's US subsidiary.
"Without precision medicine tools, patients suffer from late-stage diagnosis and poor prognosis. People at risk for pancreatic cancer need much better ways to detect cancer earlier. The IMMray™ PanCan-d test is a compelling clinical option for patients, providers, and payers. I am excited to partner with payers to offer IMMray™ PanCan-d access to their members, leading to improved clinical outcomes, increased patient satisfaction and cost of care savings," says Natalie Carfora.
Natalie Carfora brings over ten years of sales and market access experience across biotechnology, medical device, and pharmaceutical industries to the team. Building partnerships through a variety of models across multiple channels including payers, pharmacy benefit managers, and specialty pharmacies, she is focused on optimizing patient care management. Natalie is a graduate of Boston University School of Management with a B.S. in Business Administration.
For more information, please contact:
Acting CEO and President
Email: philipp.mathieu@immunovia.com
Tobias Bülow
Senior Director Investor Relations and Corporate Communications
Email: tobias.bulow@immunovia.com
Tel: +46 736 36 35 74
The information was submitted for publication on May 16, 2022, at 08:30 am CET.
About Immunovia
Immunovia AB is a diagnostic company with the vision to revolutionize blood-based diagnostics and increase survival rates for patients with cancer.
Our first product, IMMray™ PanCan-d is the only blood test currently available specifically for the early detection of pancreatic cancer. The test has unmatched clinical performance. Commercialization of IMMray™ PanCan-d started in August 2021 in the USA and IMMray™ PanCan-d is offered as a laboratory developed test (LDT) exclusively through Immunovia, Inc. For more information see: www.immunoviainc.com.
Immunovia collaborates and engages with healthcare providers, leading experts and patient advocacy groups globally to make this test available to all high-risk pancreatic cancer groups.
The USA, the first market in which IMMray™ PanCan-d is commercially available, is the world's largest market for the detection of pancreatic cancer with an estimated value of more than USD 4 billion annually.
Immunovia's shares (IMMNOV) are listed on Nasdaq Stockholm. For more information, please visit www.immunovia.com.
CONTACT:
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SOURCE Immunovia AB | https://www.mysuncoast.com/prnewswire/2022/05/16/immunovia-strengthens-its-us-team-through-appointment-natalie-carfora-head-market-access-us/ | 2022-05-16T08:05:31Z |
DALLAS (KDAF) — Their name says it all. Everything at Mi Dia from Scratch is handmade, using only the freshest ingredients. You can start your experience with their tableside guac – offering guests the chance to customize their batch with spices, juices, bacon and more.
The chefs in the back make their tortillas from scratch – rolling the dough, shaping them and all.
According to Chef and Managing Partner with the Texas-based restaurant group, Gabriel DeLeon, they bring a New Mexican fusion to North Texas, using flavors straight out of Santa Fe. The centerpiece of the beautiful restaurant is its tequila tower, featuring a wide variety of bottles + Instagrammable cocktails.
Check out Mi Dia from Scratch in Plano, Grapevine and Flowermound! | https://cw33.com/news/inside-dfw/tequila-towers-homemade-food-more-at-texas-based-mi-dia-from-scratch/ | 2022-08-31T20:57:44Z |
One year after American’s withdrawal from Afghanistan, bill promises to help refugees seeking citizenship
Thousands of Afghan refugees are stuck in legal limbo.
WASHINGTON (Gray DC) - In a Washington D.C. park, protestors gather with paint brushes to draw a somber mural to mark the one year anniversary of the fall of Afghanistan’s capital and the rise of Taliban control.
The United States completed its withdrawal from Afghanistan on August 30, 2021. A year on, demonstrators tell the Washington News Bureau the mission is far from complete as thousands of refugees seek a path to citizenship in the United States. A bipartisan group of lawmakers have issued statements saying they’re working on a bill to fix the backlog.
“We are here to protest, to mourn and to paint and heal the wounds that our country and our countrymen have suffered,” said Afghan refugee Jawaid Kotwal of Virginia. He sits on the board of the Afghan-American Foundation and founded Afghans Living in DC.
Nearly 80,000 Afghans have fled to the United States. But Kotwal says more are seeking an escape as many are being threatened with death or torture for their work in areas such as intelligence gathering or the media.
Kotwal’s cousin is among the refugees who did make it to America. But ever since, he’s been stuck in limbo trying to obtain permanent citizenship.
“Those who made it like my cousin have some sense of relief. But, it’s not done for them. My cousin, I just spoke to him 5 minutes ago actually when I was on the phone, had an asylum interview. So, he needs to adjust his status and then bring his his newborn son that was born actually days after the fall of the government and he hasn’t seen his child,” he said.
Lawmakers understand there’s a backlog in processing. A bipartisan group of Senators have introduced the “Afghan Adjustment Act” that seeks to help Afghans with temporary status, that undergo additional vetting, to apply for permanent legal residency. The act would also expand the Special Immigrant Visa process for Afghan refugees.
Lawmakers say the bill would implement these key changes:
- Allow Afghans on humanitarian status who submit to additional vetting to apply for permanent legal status. For these Afghans, the primary options under current law to gain permanent status are through our asylum system or the SIV process
- Expand the SIV program to include four previously omitted groups, including the Female Tactical Teams of Afghanistan, the Afghan National Army Special Operations Command, the Afghan Air Force, and the Special Mission Wing of Afghanistan
- Establish a task force to develop and implement a strategy for supporting Afghans outside of the United States who are eligible for SIV status and require the Department of State to respond to Congressional inquiries about SIV applications.
“The Afghan Adjustment Act will enable our Afghan allies who served as translators, interpreters, guards to come to this country and be citizens in a country that they love. And they served, they sacrificed. They put their lives on the line. And, the Afghan Adjustment Act will enable them to find a safe haven because they have targets on their backs. They are persecuted and tortured and threatened with death in Afghanistan now simply because they came to our aid,” said Sen. Richard Blumenthal (D-Conn.) who is among the lawmakers backing the bill.
Kotwal, who immigrated to the United states in 2001, calls the bill great. He said the help is necessary not only for refugees who made it to America, but those that are still waiting to come. His own parents, who left Afghanistan for Pakistan, are among the people fighting for a path to the United States.
“My message for the American people is that refugees are the safest immigrants that’s out there. They go through numerous background checks and security checks. And AAA (Afghanistan Adjustment Act) actually ensures that people who came here go through vigorous security regime before they’re granted any form of citizenship or permanent resident status,” said Kotwal. “The AAA or Afghan Adjustment Act has a very good chance. But that doesn’t mean it’s a done deal. There’s still some obstacles.... so I’m calling on the U.S. public to call in their senators, their members of Congress and urge them to pass this into law to help those that are in limbo, those who have come here and they don’t have a path to give them some hope. Those people who want to help us and those that have helped us are still stuck in Afghanistan. So, this would be a great deal for our community because they will become law abiding, taxpaying, job creating Americans like I am.”
Find more data here on refugee arrivals state-by-state.
Read more about Afghan refugees living in the United States here.
Copyright 2022 Gray DC. All rights reserved. | https://www.wibw.com/2022/08/18/one-year-after-americans-withdrawal-afghanistan-bill-promises-help-refugees-seeking-citizenship/ | 2022-08-18T17:05:36Z |
SPOKANE, Wash., Sept. 13, 2022 /PRNewswire/ -- Kaspien Holdings Inc. (NASDAQ: KSPN) ("Kaspien" or the "Company"), a leading e-commerce marketplace growth platform, today reported financial results for the fiscal second quarter ended July 30, 2022.
Recent Operational Highlights
- The Company reported the two highest sales days in Company history during the Amazon Prime Day event on July 12th and 13th.
- Through disciplined inventory and cash management, the Company reduced the cash outflow from operations for the thirteen weeks ended July 30, 2022 to $0.1 million from $5.7 million for the thirteen weeks ended April 30, 2022 and compared with $2.4 million in the comparable year ago period.
- On July 14, 2022, the Company closed on an equity offering. The gross proceeds to the Company from the private placement, after deducting placement agent fees and other estimated offering expenses payable by the Company, were approximately $7.1 million. The Company intends to use the net proceeds from the private placement for working capital and other general corporate purposes.
- During the first half of 2022, management implemented the following strategic initiatives, operational efficiencies, and other considerations directed toward improving performance, operations, and cash flow:
Management Commentary
"In response to the decline in operating results in Fiscal 2021, we implemented several strategic initiatives to create operational efficiencies while focusing diligently on inventory and cash management. Our team continues to be focused on scalable, efficient growth and improving the unit economic of our business as we enter the holiday season." said Kaspien interim CEO Brock Kowalchuk
Fiscal Second Quarter 2022 Financial Results
Results compare 2022 fiscal second quarter ended July 30, 2022 to 2021 fiscal second quarter ended July 31, 2021 unless otherwise indicated.
- Net revenue decreased 3% to $33.9 million from $34.9 million in the comparable year-ago period. The decrease in net revenue was primarily attributable to declines in Fulfillment by Amazon ("FBA") US, which were partially offset by continued growth in Subscription revenue. Gross merchandise value ("GMV") increased 14% to $72.4 million, compared to $63.5 million in the comparable year-ago period. Subscription GMV increased 36.4% to $36.7 million (50.7% of total GMV), compared to $26.9 million (42.4% of total GMV) in the comparable year-ago period.
- Gross profit decreased 24% to $6.7 million or 19.8% of net revenue from $8.8 million or 25.3% of net revenue in the comparable year-ago period. The decrease in gross profit was primarily attributable to a reduction in net revenue on the Amazon US platform, a decrease in merchandise margin, and increased warehousing and freight expenses. The table below summarizes the year-over-year comparison of gross margin:
- Selling, General & Administrative ("SG&A") expenses were $10.2 million or 30.1% of net revenue as compared to $10.2 million or 29.3% of net revenue in the comparable year-ago period. During the quarter, the Company implemented certain strategic initiatives to create operational efficiencies to reduce general and administrative expenses.
- Loss from operations was $3.5 million, compared to a loss from operations of $1.4 million in the comparable year-ago period. The increase in operating loss resulted from the decline in net revenue, a reduction in merchandise margin and increased warehousing and freight expenses.
- Net loss was $4.4 million, or $1.69 per diluted share, compared to net income of $82,000, or $0.03 per diluted share, in the comparable year-ago period.
- Adjusted EBITDA loss (a non-GAAP metric reconciled below) was $3.2 million, compared to an adjusted EBITDA loss of $0.8 million in the comparable year-ago period.
- As of July 30, 2022, the Company had $1.3 million in cash, compared to $1.2 million as of January 30, 2021 and $2.6 million as of July 31, 2021.
- Cash used in operations during the thirteen weeks ended July 30, 2022 was $0.1 million, compared to $2.4 million in the comparable year-ago period. The reduced cash used in operations was due more disciplined supply chain and working capital management.
- Inventory at quarter end was $29.4 million, compared to $25.0 million as of July 31, 2021.
- As of July 30, 2022, the Company had borrowings under its credit facility of $3.9 million and had $7.7 million available for borrowing.
Fiscal First Half 2022 Financial Results
Results compare six months ended July 30, 2022 to six months ended July 31, 2021 unless otherwise indicated.
- Net revenue decreased 13% to $65.7 million from $75.5 million in the comparable year-ago period. This decrease in net revenue was driven by declines in the Company's FBA US segment.
- Gross profit was $13.6 million or 20.7% of net revenue, compared to $18.6 million or 24.7% of net revenue over the comparable year-ago period. The decrease in gross profit was primarily attributable to a reduction in net revenue on the Amazon US platform, a decrease in merchandise margin and increased warehousing and freight expenses. The table below summarizes the year-over-year comparison of gross margin:
- SG&A expenses decreased 0.7% to $20.7 million or 31.5% of net revenue from $20.9 million or 27.6% of net revenue in the comparable year-ago period. The decrease in SG&A expenses was primarily attributable to a $1.5 million decline in selling expenses partially offset by a $1.4 million increase in general and administrative expenses.
- Loss from operations totaled $7.1 million compared to a loss from operations of $2.2 million in the comparable year-ago period. The increased loss was due to lower sales and gross margin.
- Net loss was $8.8 million, compared to a net loss of $1.3 million in the comparable year-ago period.
- Adjusted EBITDA loss (a non-GAAP metric reconciled below) was $6.5 million, compared to a loss of $1.0 million in the comparable year-ago period.
- Cash used in operations was $5.9 million, compared to $4.9 million in the comparable year-ago period.
About Kaspien
Kaspien Holdings Inc. (f/k/a Trans World Entertainment Corporation) (NASDAQ: KSPN) is a leading e-commerce marketplace growth platform, offering an expanding suite of software and services to help brands grow on Amazon, Walmart, Target, eBay, and other online marketplaces. Founded in 1972 as a brick-and-mortar retailer and rebranded as Kaspien in 2020, the Company has spent the last decade building and utilizing proprietary technologies for brand protection, marketing optimization, and fulfillment efficiency to generate rapid revenue growth for its partners. Through innovative strategies and best-in-class technologies, Kaspien has earned the trust of many leading brands, including 3M, Strider Bikes, and ZippyPaws. For more information, visit kaspien.com.
Non-GAAP Financial Measures
Adjusted EBITDA is defined as net loss, adjusted to exclude: (i) income tax expense; (ii) Other (income) loss; (iii) interest expense; and (iv) depreciation expense. Our method of calculating adjusted EBITDA may differ from other issuers and accordingly, this measure may not be comparable to measures used by other issuers. We use adjusted EBITDA to evaluate our own operating performance and as an integral part of our planning process. We present adjusted EBITDA as a supplemental measure because we believe such a measure is useful to investors as a reasonable indicator of operating performance. We believe this measure is a financial metric used by many investors to compare companies. This measure is not a recognized measure of financial performance under GAAP in the United States and should not be considered as a substitute for operating earnings (losses), net earnings (loss) from continuing operations or cash flows from operating activities, as determined in accordance with GAAP.
About Key Performance Indicators
Gross Merchandise Value ("GMV") is the total value of merchandise sold over a given time period through a customer-to-customer exchange site. For Kaspien, it is the measurement of merchandise value sold across all channels and partners within the Kaspien platform.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Certain statements in this communication are forward-looking statements. The statements contained herein that are not statements of historical fact may include forward-looking statements that involve a number of risks and uncertainties.
We have used the words "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "predict", "project", and similar terms and phrases, including references to assumptions, in this document to identify forward-looking statements. These forward-looking statements are made based on management's expectations and beliefs concerning future events and are subject to uncertainties and factors that could cause actual results to differ materially from the results expressed in the statements. The following factors are among those that may cause actual results to differ materially from the Company's forward-looking statements: risk of disruption of current plans and operations of Kaspien and the potential difficulties in customer, supplier and employee retention; the outcome of any legal proceedings that may be instituted against the Company; the Company's level of debt and related restrictions and limitations, unexpected costs, charges, expenses, or liabilities; the Company's ability to operate as a going-concern; deteriorating economic conditions and macroeconomic factors; the impact of the COVID-19 pandemic; and other risks described in the Company's filings with the SEC, such as its Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K.
The reader should keep in mind that any forward-looking statement made by us in this document, or elsewhere, pertains only as of the date on which we make it. New risks and uncertainties come up from time-to-time and it's impossible for us to predict these events or how they may affect us. In light of these risks and uncertainties, you should keep in mind that any forward-looking statements made in this document or elsewhere might not occur.
Company Contact
Ed Sapienza
Chief Financial Officer
509-202-4261
esapienza@kaspien.com
-Financial Tables to Follow-
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SOURCE Kaspien Holdings Inc. | https://www.kxii.com/prnewswire/2022/09/13/kaspien-holdings-inc-reports-fiscal-second-quarter-2022-results/ | 2022-09-13T21:47:45Z |
NEW YORK, April 25, 2022 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Bakkt Holdings, Inc. ("Bakkt" or the "Company") f/k/a VPC Impact Acquisition Holdings ("VIH") (NYSE: BKKT; BKKT WS) (NASDAQ: VIHAU; VIH; VIHAW) and certain of its former officers and directors. The class action, filed in the United States District Court for the Eastern District of New York and docketed under 22-cv-02283, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired: (a) Bakkt securities between March 31, 2021 and November 19, 2021, both dates inclusive (the "Class Period"); and/or (b) Bakkt Class A common stock pursuant and/or traceable to the Offering Documents issued in connection with the business combination between the Company and Bakkt Holdings, LLC ("Legacy Bakkt") completed on or about October 15, 2021 (the "Business Combination"). Plaintiff pursues claims against the Defendants under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act").
If you are a shareholder who purchased or otherwise acquired Bakkt securities during the Class Period, or Bakkt Class A common stock pursuant and/or traceable to the Offering Documents issued in connection with the Business Combination (defined above), you have until June 20, 2022 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
Bakkt was formerly known as "VPC Impact Acquisition Holdings" and operated as a special purpose acquisition company (SPAC), also called a blank-check company, which is a development stage company that has no specific business plan or purpose or has indicated its business plan is to engage in a merger or acquisition with an unidentified company or companies, other entity, or person.
On January 11, 2021, the Company and Legacy Bakkt announced entry into a definitive agreement for the Business Combination that would result in Legacy Bakkt becoming a publicly traded company with an enterprise value of approximately $2.1 billion.
On March 31, 2021, the Company filed a registration statement on Form S-4 with the U.S Securities and Exchange Commission ("SEC") in connection with the Business Combination, which, after several amendments, was declared effective by the SEC on September 17, 2021 (the "Registration Statement"). Also on September 17, 2021, the Company filed a proxy statement and prospectus on Form 424B3 with the SEC in connection with the Business Combination, which formed part of the Registration Statement (the "Proxy" and, together with the Registration Statement, the "Offering Documents").
On or about October 15, 2021, the Company and Legacy Bakkt completed the Business Combination pursuant to the Offering Documents. Thereafter, the Company changed its name to "Bakkt Holdings, Inc." and began operating a digital asset platform that enables consumers to buy, sell, convert, and spend digital assets.
The complaint alleges that the Offering Documents were negligently prepared and, as a result, contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading and were not prepared in accordance with the rules and regulations governing their preparation, and that throughout the Class Period Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, the Offering Documents and Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company had defective financial controls; (ii) as a result, there were errors in the Company's financial statements related to the misclassification of certain shares issued prior to the Business Combination; (iii) accordingly, the Company would need to restate certain of its financial statements; (iv) the Company downplayed the true scope and severity of these issues; (v) the Company overstated its remediation of its defective financial controls; and (vi) as a result, the Offering Documents and Defendants' public statements throughout the Class Period were materially false and/or misleading and failed to state information required to be stated therein.
On May 17, 2021, Bakkt—then still operating as VIH—notified the SEC of its inability to timely file its quarterly report for the quarter ended March 31, 2021. Specifically, the Company advised that, as a result of a statement issued by the SEC, "the Company reevaluated the accounting treatment of its public warrants and private placement warrants" and "is currently determining the extent of the SEC Statement's impact on its financial statements[.]"
On this news, the Company's share price fell $0.13 per share, or 1.26%, to close at $10.18 per share on May 18, 2021.
Then, on October 13, 2021, the Company disclosed in an SEC filing that it had also previously failed to properly account for the classification of its Class A ordinary shares and "adjust[ed] . . . the initial carrying value of the Class A ordinary shares subject to possible redemption with the offset recorded to additional paid-in capital (to the extent available), accumulated deficit and Class A ordinary shares." Notably, the Company revised its balance sheet as of December 31, 2020, including, among other changes, additional paid-in capital that was reduced from $9,860,338 to nil, an accumulated deficit that ballooned from $4,861,190 to $29,250,419, and total shareholders' equity of $5,000,009 that swung to a total shareholders' deficit of $29,249,901.
Following these additional disclosures, the Company's share price fell $0.47 per share, or 4.73%, to close at $9.46 per share on October 14, 2021.
Finally, on November 22, 2021, Bakkt disclosed in another SEC filing that the Company's management "has re-evaluated . . . the accounting classification of the Class A ordinary shares . . . of [VIH] . . . and has identified errors in the historical financial statements of VIH . . . related to the misclassification . . . of the Class A Ordinary Shares prior to the [Business Combination]." Specifically, the Company found that, as a result of errors in its condensed consolidated financial statements for the year ended December 31, 2020, and the quarterly periods ended March 31, 2021, June 30, 2021 and September 30, 2021, Bakkt should "restate certain of VIH's condensed consolidated financial statements from" those periods.
On this news, Bakkt's stock price fell $2.70 per share, or 13.69%, to close at $17.02 per share on November 22, 2021.
As of the time the complaint was filed, Bakkt's Class A common stock was trading between $4 to $5 per share and continues to trade below its initial value from the Business Combination, damaging investors.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP | https://www.mysuncoast.com/prnewswire/2022/04/25/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-their-investment-bakkt-holdings-inc-fka-vpc-impact-acquisition-holdings-class-action-lawsuit-upcoming-deadline-bkkt-bkkt-ws-vihau-vih-vihaw/ | 2022-04-25T18:10:12Z |
EWA BEACH, Hawaii (AP) — Hyo Joo Kim staved off a late charge from Hinako Shibuno to win the LPGA Tour’s LOTTE Championship on Saturday.
Kim closed with a 1-under 71 — following a bogey on the par-4 17th with a tap-in birdie on the par-5 18th — to finish at 11-under 277, two shots clear of Shibuno at breezy Hoakalei Country Club.
Kim earned $300,000 for her fifth LPGA Tour title.
“There were a lot of expectations but also a lot of support coming from friends and family as well,” said Kim, who won a major at age 19 in the 2014 Evian Championship. “There have been ups and downs and I think I am at the up part right now and I feel very proud, a little confident about the future and the outlook looks bright for me and I feel like I can do better moving forward.”
The 26-year old South Korean star had a three-stroke lead after both the second and third rounds and held off a final-round push from Shibuno, the Japanese player who a bogey-free 70.
Kim played the front nine in 1 under. She put her approach on the par-5 fifth hole, which played at 540 yards, inside of 3 feet to to set up a birdie. She birdied No. 8, but bogeyed the par-3 ninth hole that went from a third-round yardage of 146 yards to 184 for the last round.
Kim birdied No. 18 after a bit of drama. She missed the fairway with her tee shot and found the right rough. Her second shot crossed the fairway and nestled into the first cut of the left rough. With her third, however, Kim recovered with a pitch shot that left her with a tap-in,
Kim is one of 10 players who have played in all 10 LOTTE Championships since the tournament debuted in 2012.
“I have been playing in the LOTTE Championship since the inaugural championship and then because LOTTE is my personal sponsor I always wanted to win and do well,” she said.
Shibuno left herself with just over 200 yards to the front of the green with her second shot on 18, but her ball hit the lip of a greenside bunker and fell back in. She went on to par the hole.
“I was having very fun playing with her. My putting was a little, you know, couldn’t go in, so that was the (difference) with her,” Shibuno said.
Hye-Jin Choi was third at 7 under after a 69.
Brianna Do, who played in the final group alongside Kim and Shibuno, started the round three strokes back of the lead, but struggled with a 77 and tied for 12th. Do was seeking to become just the third local qualifier to win an LPGA Tour event and the first since Brooke Henderson in the 2015 Portland Classic. | https://cw33.com/sports/ap-sports/hyo-joo-kim-wins-lpga-tours-lotte-championship/ | 2022-04-17T15:16:26Z |
GREENVILLE, S.C., June 15, 2022 /PRNewswire/ -- Southeast-based Aline Capital has launched a commercial insurance division, adding to its current service offerings in the commercial real estate sector. The division will focus on commercial property, general liability, and builder's risk insurance for commercial real estate investors and developers throughout the region. The firm made the strategic decision to launch an insurance division after experiencing several headwinds in the commercial insurance market on deals they were advising their clients on.
Aline Capital Managing Partner Joey Weinel provided, "Commercial insurance has proven to be extremely challenging and an evolving dynamic for transactions in the current market environment. By launching Aline Capital Insurance Services, we are now able to help clients navigate each piece of the investment process. As investment advisors, our goal is to bring an elevated level of personal service and value to every client and transaction. We now feel that we have a complete service offering for clients with the rollout of our commercial insurance division."
The firm has enlisted Greenville native and insurance veteran, Kevin Allen, to lead the firm's initiative. Allen said the main points for clients to know are what type of insurance they are buying, what it covers, and how it applies to their commercial property and/or business. Simplifying the transaction and looking at the cost of ownership are also important.
"By catering our services to a select audience, we are able to focus on the coverage needs and limitations that come with commercial property ownership," said Allen.
Aline Capital is a fully integrated commercial real estate and capital markets advisory firm. It offers investment sales, leasing, and debt and equity advisory services to commercial real estate developers and investors. For more information on our customized insurance services, please visit www.alinecapital.com/insurance.
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SOURCE Aline Capital, LLC | https://www.mysuncoast.com/prnewswire/2022/06/15/aline-capital-launches-insurance-division-expand-commercial-real-estate-service-offerings/ | 2022-06-15T16:54:10Z |
NEW YORK, April 7, 2022 /PRNewswire/ -- Skin Science Solutions, a leader in skin and body rejuvenating treatments, announces the launch of icoone roboderm®, a new generation device that utilizes unique cellular technologies to offer painless and non-invasive facial and body rejuvenation. Today, Skin Science Solutions announces the launch of the new icoone treatment now available at exhale® Spa located in the NoMad Hotel in New York City.
The icoone was developed with expertise from Professor Jean-Claude Guimberteau, a specialist in reconstructive surgery who dedicated many years to studying the skin – concerning the connective tissue structure. According to Guimberteau, the skin should be conceived as a living, breathing organ, and that the subcutaneous tissue consists of a network of microvacuoles that constitute the functional unit of the tissue structure. This new theory challenges the thinking that skin is formed by a layer of tissues, and therefore, suggests new approaches in the way we can treat skin issues. The icoone is the only technology in the world today to utilize roboderm®, an innovative patented technology that uses Multi Micro Alveolar Stimulation (MMAS), which releases up to 21,600 microsimulations per minute to the skin's surface and subcutaneous tissue for effective and immediate skin tightening results without any pain or downtime.
Through microstimulation, the icoone technology offers a wide range of customizable and effective treatments for both the face and body. The icoone promotes skin tissue oxygenation, skin cell regeneration, and boosts the production of collagen and elastin, resulting in smoother, firmer, and more toned skin. Treatments include:
- Cellulite Reduction
- Body Reshaping
- Anti-aging and Skin Rejuvenation
- Skin Tightening
- Stretch Mark and Wrinkle Reduction
- Face, Breast and Cleavage Lift
The icoone range includes two device models – Beauty and Medical – each available with or without LED and laser light sources, whose action, combined with microstimulation, allows for quicker and more targeted treatment of specific areas of the body. This way, results are faster and longer-lasting, both in terms of aesthetics and functionality. Moreover, icoone treatments contribute to the production of new collagen and to the maintenance of tissue tone, so as to avoid the classic "sagging effect" typical of other treatments. icoone is non-invasive and painless, and can be used every day, even on the most delicate and damaged skin, and can be used to treat sensitive areas, such as eyes, lips, chest, neckline, neck, inner arms, thighs, knees and ankles.
The new icoone does not carry the same worrisome risks associated with other aesthetic treatments on the market, as the icoone encourages the body's natural process of fat metabolism, body shaping and skin improvement. Other procedures destroy fat cells, and can produce an uneven or undesired result, including the development of fat pockets in other areas of the body. In addition, other treatments can be painful or uncomfortable, including burning, freezing and stinging, and may be followed by unpleasant side-effects including numbness, pain, bruising and a long recovery time. The icoone is completely safe and effective, and treatments are pain-free with no side effects or downtime.
Skin Science Solutions is partnering with leading physicians, top spas and medical spas, and luxury hotels and resorts to offer icoone treatments across the globe.
Skin Science Solutions is the exclusive North American distributor for i-Tech and Pagani, two Italian manufacturers of non-invasive anti-aging/silhouette remodeling and lymphatic drainage devices. i-Tech is the manufacturer of the patented icoone roboderm. Through microstimulation, icoone technology offers customized and effective treatment of the face and body skin, while simultaneously draining, firming and remodeling the silhouette. The icoone range of products is available in two versions, with and without laser/LED. Skin Science Solutions provides world class training and aesthetic and technical support for its systems.
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SOURCE Skin Science Solutions | https://www.kxii.com/prnewswire/2022/04/07/skin-science-solutions-announces-launch-new-technology-exhale-spa/ | 2022-04-07T16:56:14Z |
RADNOR, Pa., Aug. 13, 2022 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Missfresh Limited ("Missfresh") (NASDAQ: MF). The action charges Missfresh with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects. As a result of Missfresh's materially misleading statements and omissions to the public, Missfresh investors have suffered significant losses.
CLICK HERE TO SUBMIT YOUR MISSFRESH LOSSES. YOU CAN ALSO CLICK ON THE FOLLOWING LINK OR COPY AND PASTE IN YOUR BROWSER: https://www.ktmc.com/new-cases/missfresh-limited?utm_source=PR&utm_medium=link&utm_campaign=missfreshx&mktm=r
TO VIEW OUR VIDEO, PLEASE CLICK HERE
LEAD PLAINTIFF DEADLINE: SEPTEMBER 12, 2022
CLASS PERIOD: PURSUANT AND/OR TRACEABLE TO MISSFRESH'S JUNE 2021 IPO THROUGH JULY 12, 2022
CONTACT AN ATTORNEY: (484) 270-1453 or at info@ktmc.com
Kessler Topaz is one of the world's foremost advocates in protecting the public against corporate fraud and other wrongdoing. Our securities fraud litigators are regularly recognized as leaders in the field individually and our firm is both feared and respected among the defense bar and the insurance bar. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent.
In June 2021, Missfresh conducted its initial public offering (IPO), selling 21 million American Depository Shares ("ADSs") at $13.00 per ADS.
On April 29, 2022, after trading hours, Missfresh filed a Notification of Late Filing on a Form 12b-25, which announced that Missfresh "will not be able to file its Annual Report on Form 20-F for the fiscal year ended December 31, 2021 … by the prescribed filing deadline of April 30, 2022." Missfresh explained that "[t]he independent Audit Committee of [Missfresh]'s board of directors, with the assistance of professional advisors, is in the process of conducting an internal review of certain matters, including those relating to transactions between [Missfresh] and certain third-party enterprises." Following this news, Missfresh ADSs fell 13% to close at $0.448 per ADS on May 2, 2022, the next trading day.
Then, on May 24, 2022, after trading hours, Missfresh issued a press release entitled "Missfresh Announces Receipt of Nasdaq Notification Regarding Late Filing of Form 20-F" announcing "that it received a notification letter dated May 19, 2022 . . . from the Listing Qualifications Department of The Nasdaq Stock Market Inc. ("Nasdaq"), indicating that [Missfresh] is not in compliance with the requirements for continued listing." Following this news, Missfresh ADSs fell 9% over the next two trading days to close at $0.167 per ADS on May 26, 2022.
Finally, on July 1, 2022, Missfresh issued a press release entitled "Missfresh Announces the Substantial Completion of the Audit Committee-Led Independent Internal Review." In the press release, Missfresh disclosed that "certain revenue associated with these reporting periods in 2021 may have been inaccurately recorded in [Missfresh]'s financial statements." As of the date the complaint was filed, Missfresh ADSs closed at $0.389 per ADS, well below Missfresh's IPO price of $13.00 per ADS.
Missfresh investors may, no later than September 12, 2022 seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. Kessler Topaz Meltzer & Check, LLP encourages Missfresh investors who have suffered significant losses to contact the firm directly to acquire more information.
CLICK HERE TO SIGN UP FOR THE CASE
A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.
CONTACT:
Kessler Topaz Meltzer & Check, LLP
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
info@ktmc.com
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SOURCE Kessler Topaz Meltzer & Check, LLP | https://www.wibw.com/prnewswire/2022/08/13/important-september-12-2022-deadline-reminder-kessler-topaz-meltzer-amp-check-llp-reminds-missfresh-limited-investors-securities-fraud-class-action-lawsuit/ | 2022-08-13T16:23:09Z |
While it seems strange to say this is a hot summer in Texas -- because let's face it, EVERY summer in Texas is hot -- this summer will be one to remember. It's hotter than hot -- a record-breaking, sizzling hot, sweaty summer.
"I looked at forecast models and they were incredible. I thought -- this can't be right," said Andrew Dessler, director of the Texas Center for Climate Studies.
But sadly, the models were accurate. This heat wave began more than a week ago and is still going strong. The high temperature in Dallas has topped 100 degrees every day since July 3, and we will go into this week with more of the same. Close to 40 additional heat records could be broken across the Lone Star State before the weekend.
It's Texas' fourth heat wave of the season, a hot streak that started impacting Texans way before the official start of summer. Since May 1, more than half their days have come with some sort of heat alert.
"I can say that so far, we have been having one of our hottest summers on record," said John Neilson-Gammon, state climatologist. "May and June have both been very hot. The official numbers for June aren't in but May tied for the second-warmest May on record."
Yesterday, Camp Mabry in Austin reached 110 degrees, shattering its previous record of 105 degrees for that date -- and tying its all-time record high for the month of July, the National Weather Service (NWS) tweeted. And today, Austin could shatter another daily high temperature record with a forecast high of 109 degrees.
Houston, San Antonio, Tyler and Brownsville could all break records today as well -- with temperatures well into the triple digits, making it the 10th consecutive day parts of Texas have been under a heat advisory or heat warning.
This heat, day after day, is putting a sizzling strain on the power grid. The Electric Reliability Council of Texas (ERCOT), which manages the flow of electric power to more than 26 million Texas customers, put out a statement urging people to conserve power -- especially during peak hours.
On Friday, July 8, the utility set an all-time peak record with 78,204 megawatts used across the system. That broke the previous record usage of 77,460 megawatts set on Tuesday, July 5. ERCOT's forecasted demand for power could set an all-time usage record again on Monday afternoon.
While no systemwide outages are expected at this time, there's a possibility the energy strain could lead to rolling blackouts.
"If temperatures get extreme enough, it's going to be very tight. And if anything goes wrong, you will have problems with supply," said Dessler.
If the power grid does take a big hit, hot overnight temperatures could complicate heat dangers.
Dallas hasn't dropped below 80 degrees since July 2 and might not dip below 80 until Wednesday night. That creates a dangerous scenario for anyone without power. Overnight temperatures are meant to be cooler, so our bodies can recover from the heat of the day. If the overnight temperatures don't drop below 80, heat illness can set in quickly.
We saw extreme temperatures strain the Texas power grid just last February. That time it was due to the extreme cold, but it crippled the Texas power grid and left residents without power in freezing temperatures.
"I will say that the plants in Texas are all optimized to run in hot weather. One of the problems with the winter storm is they just really don't plan for cold temperatures the way they plan for hot temperatures, because you know, every summer is going to be hot," said Dessler.
So far, no summer has been as hot as the summer of 2011, but if you look at the numbers this year's Texas heat is outpacing 2011.
This summer, Dallas has already had 17 days of 100-degree heat, in 2011 there had been 16 such days by July 10. But to beat 2011, the rest of the summer has to be just as hot.
Dallas had a 40-day streak with temperatures at or above 100 degrees that summer and 71 days at or above 100 degrees for the entire year. Neilson-Gammon hopes it doesn't happen again.
"As a state climatologist, I've been telling people that this was a good chance of being the second-hottest summer on record for Texas, just given how dry things were going into it," Neilson-Gammon told CNN. "Plus, a couple of degrees of help from climate change,"
He said a hotter summer is typical if the preceding fall, winter and spring were drier than normal, which 2021-2022 has been.
At the beginning of last September, less than 1% of the state was in drought conditions. The drought has progressively gotten worse through the fall, winter and spring and now 97% of the state is experiencing drought conditions -- with 45% in extreme or exceptional drought, which are the highest two levels.
"Typically, when we have widespread drought across the state, we end up with fairly high summer temperatures, especially maximum temperatures, because there's less moisture for evaporation," said Neilson-Gammon.
Agriculture is making it feel hotter
It's dusty and hot, which brings cringing reminders of one of the worst droughts the US has ever had -- The Dust Bowl.
While the temperatures are just as hot as the Dust Bowl, it doesn't exactly compare. And that's because it FEELS even hotter now.
"My guess for why temperatures managed to get so hot back then was there was much less surface water with almost no reservoirs in the state of Texas and relatively little irrigation going on," says Neilson-Gammon.
When you add water to the landscape, you add moisture. Climate change is also adding even more moisture. As the climate warms, it's able to hold more water -- this is because warmer air can hold a higher volume of moisture.
Water adds humidity into the air as it evaporates, which will make the "feels like" temperatures even hotter. We also refer to this as the heat index.
"So even when temperatures are the same 100 degrees as they might have been a century ago, they're there with higher humidity which means the health risks are that much greater," explained Neilson-Gammon.
When you factor in the heat index, many of the temperatures today will feel up to 10 degrees hotter than the actual temperature.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/extreme-temperatures-will-challenge-the-texas-power-grid-this-week/article_d7765c69-9edf-5524-aaad-c82b71322af7.html | 2022-07-11T16:44:54Z |
PITTSBURGH, June 27, 2022 /PRNewswire/ -- "I wanted to help save children's lives while crossing the street in a stroller. I thought of this idea after hearing about a woman and child being hit by a car. This idea would help prevent strollers from being pushed into the street before the parent can view the traffic conditions and any threatening vehicles," said the inventor, from Los Angeles, Calif. "This is a unique attachment for a stroller that increases the safety for the child when crossing the street. It is also convenient, lightweight and easy to store when not in use."
The STROLLER SAFETY DEVICE enhances stroller safety when crossing the street. In doing so, it offers a better standing point for viewing cars that otherwise may not be seen. As a result, it provides parents with time to react to motorists, especially red light runners. This could help to prevent strollers from being hit which would reduce injuries and deaths while also providing parents with peace of mind, especially when crossing streets.
The original design was submitted to the National sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-LAX-1406, 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.wibw.com/prnewswire/2022/06/27/inventhelp-presents-safety-stroller-attachment-lax-1406/ | 2022-06-27T15:30:42Z |
PARSIPPANY, NJ, June 28, 2022 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced today that it will release its earnings results for the second quarter 2022 on Thursday, July 28, 2022. The company will host a conference call and webcast regarding quarterly results and other business matters on Thursday, July 28, 2022, at 8:30 a.m. ET.
The call is being webcast and can be accessed at PBF Energy's website, http://www.pbfenergy.com. The call can also be accessed by dialing (877) 869-3847 or (201) 689-8261. The audio replay will be available approximately two hours after the end of the call and will be available through the company's website.
PBF Energy Inc. (NYSE:PBF) is one of the largest independent refiners in North America, operating, through its subsidiaries, oil refineries and related facilities in California, Delaware, Louisiana, New Jersey and Ohio. Our mission is to operate our facilities in a safe, reliable and environmentally responsible manner, provide employees with a safe and rewarding workplace, become a positive influence in the communities where we do business, and provide superior returns to our investors.
PBF Energy Inc. also currently indirectly owns the general partner and approximately 48% of the limited partnership interest of PBF Logistics LP (NYSE:PBFX).
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SOURCE PBF Energy Inc. | https://www.mysuncoast.com/prnewswire/2022/06/28/pbf-energy-release-second-quarter-2022-earnings-results/ | 2022-06-28T22:40:25Z |
NEW YORK, July 22, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for TSLA, COIN, FB, NFLX, and AMD.
Click a link below then choose between in-depth options trade idea report or a stock score report.
Options Report – Ideal trade ideas on up to seven different options trading strategies. The report shows all vital aspects of each option trade idea for each stock.
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- TSLA: https://www.investorsobserver.com/lp/pr-options-lp-2/?symbol=TSLA&prnumber=072220223
- COIN: https://www.investorsobserver.com/lp/pr-options-lp-2/?symbol=COIN&prnumber=072220223
- FB: https://www.investorsobserver.com/lp/pr-options-lp-2/?symbol=FB&prnumber=072220223
- NFLX: https://www.investorsobserver.com/lp/pr-options-lp-2/?symbol=NFLX&prnumber=072220223
- AMD: https://www.investorsobserver.com/lp/pr-options-lp-2/?symbol=AMD&prnumber=072220223
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InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street. We have a wide range of tools to help investors make smarter decisions when investing in stocks or options.
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SOURCE InvestorsObserver | https://www.kxii.com/prnewswire/2022/07/22/thinking-about-trading-options-or-stock-tesla-coinbase-global-meta-platforms-netflix-or-advanced-micro-devices/ | 2022-07-22T14:46:21Z |
NEW YORK, July 18, 2022 /PRNewswire/ -- The American National Standards Institute (ANSI) has announced a last call for registration for its workshop on global supply chain security for microelectronics standardization, being held on behalf of the U.S. Department of Defense (DoD). The workshop is taking place July 27–29 at the headquarters of Booz Allen Hamilton, 8283 Greensboro Dr., McLean, VA. The event has reached capacity for in-person registration but registration for remote participation is still available.
Click here to register for the workshop and view the draft agenda.
The workshop is designed to assess standardization activities that will help DOD fulfill its mandate under Section 224 of the FY20 National Defense Authorization Act to establish standards for supply chain security for microelectronics products and services procured by DoD. The workshop is scoped to commercial off-the-shelf (COTS) devices. Custom devices – ASICs, Systems on Chip, DoD specific bitstream for FPGAs – are outside the focus of this workshop.
The first day of the workshop program will be stage-setting with a report on responses to a Request for Information (RFI), the DoD Section 224 framework, and panel discussions with standards developing organizations, federal agencies and industry. The second day will feature concurrent breakout group discussions on three supply chain risk management areas: procurement management, information and intellectual property (IP) protection, and secure design. The workshop will conclude with a half-day session for reports from the breakouts, open discussion, and next steps.
Workshop speakers will include:
- Christine Rink, DoD
- Stephanie Lin, DoD
- Gordon Gillerman, National Institute of Standards and Technology (NIST)
- David Bergman, IPC
- Mike Regan, Telecommunications Industry Association (TIA)
- Maria Palombini, IEEE Standards Association
- Paul Nixon, BAE Systems (JEDEC)
- Alan Lucero, Intel (USNC of IEC)
- Daniel DiMase, Aerocyonics (SAE International)
- Mary Saunders, American National Standards Institute (ANSI)
- Kanitra Tyler, National Aeronautics and Space Administration (NASA)
- Jon Boyens, NIST
- Carolynn Amberntson, Lockheed Martin
- John Zolper, Raytheon
- Jeremy Muldavin, GlobalFoundries
- Allyson D. Yarbrough, The Aerospace Corporation
- Daniel Radack, Institute for Defense Analysis (IDA)
"ANSI welcomes the opportunity to support DoD as it looks to the standardization community to help strengthen supply chain security for microelectronics. Bringing together the affected constituencies for an open dialogue will advance robust solutions," said S. Joe Bhatia, ANSI president and CEO.
The workshop is open to U.S. citizens and U.S. lawful permanent residents. In-person attendees must be fully-vaccinated and provide proof of vaccination or proof of a negative COVID-19 test taken within 5 days prior to the workshop.
The American National Standards Institute (ANSI) is a private non-profit organization whose mission is to enhance both the global competitiveness of U.S. business and the U.S. quality of life by promoting and facilitating voluntary consensus standards and conformity assessment systems, and safeguarding their integrity. Its membership is comprised of businesses, professional societies and trade associations, standards developers, government agencies, and consumer and labor organizations.
The Institute represents and serves the diverse interests of more than 270,000 companies and organizations and 30 million professionals worldwide. ANSI is the official U.S. representative to the International Organization for Standardization (ISO) and, via the U.S. National Committee, the International Electrotechnical Commission (IEC). For more information, visit www.ansi.org.
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SOURCE American National Standards Institute | https://www.kxii.com/prnewswire/2022/07/18/last-call-registration-ansi-july-27-29-workshop-global-supply-chain-security-microelectronics-standardization/ | 2022-07-18T16:23:21Z |
Pilot program brings project-based learning experiences to 120+ STEM students at Chicago State University, University of Illinois Chicago, and Illinois Institute of Technology
CHICAGO, May 3, 2022 /PRNewswire/ -- As the tech job market continues to heat up, the fight among companies to attract and retain tech talent – especially diverse tech talent – remains fierce.
To support more students, and particularly students of color, in completing and succeeding in their STEM degrees, P33, a non-profit focused on driving inclusive growth for Chicago's tech sector, today announces the launch of P33 Strong Start, a partnership-based program between Chicago universities and local tech companies.
P33 Strong Start provides in-classroom, project-based learning to first- and second-year Science, Technology, Engineering, and Math (STEM) students over the course of the academic semester. Led by computer science and engineering employees from some of Chicago's fastest-growing startups and most notable enterprise companies, Strong Start offers early-college students' collaborative coursework and projects that go beyond the textbooks.
The Tech Grad Gap
Leaders behind the P33 Strong Start program believe this model of learning is imperative, particularly among Black and Latino/a students, who, according to research by the National Center for Education Statistics, are much more likely to switch majors before graduating than their white peers.
"Today we're seeing a disconnect in the college to career pathway – one that disproportionally affects underrepresented students in tech," said Aleena Agrawal, Director of Talent Solutions at P33. "By bringing real-world tech experiences into the classroom, we help students grow their networks, increase belonging, and grow their understanding of tech. We believe this intentional and collaborative effort will ultimately increase the chance students launch into a successful career in tech in Chicago."
"Connecting academia and industry to fix these pipelines is pivotal for the success of a diverse and thriving tech talent workforce in Chicago," added Brad Henderson, CEO of P33. "Our goal is for the collaborative spirit of Strong Start to be woven into the fabric of every Chicagoland company and academic institution for the benefit of our students across the region."
Strong Start in Action
In its pilot year, P33 Strong Start partnered three tier-one universities (Illinois Institute of Technology, University of Illinois Chicago, and Chicago State University) with four Chicago-based technology companies ranging from prominent venture-backed startups to Fortune 500 companies, including M1, G2, and Motorola Solutions, among others.
Over the course of two semesters, Strong Start engaged over 120 first and second-year college students in computer science and engineering programs.
Beyond student impact, Strong Start also provides tangible benefits to the companies and universities involved.
"Strong Start provided our engineers with a chance to develop their coaching and leadership skills, engage meaningfully with students and the community in a way that aligns with our business and talent priorities, and helped us strengthen our relationship with Illinois Institute of Technology," said Steven Gall, VP of Engineering, M1.
"Because of our partnership with the M1 team, we were able to give our students real-world experiences in tech while allowing them to create meaningful relationships with tech professionals in Chicago, both of which will truly help them as they seek to begin their careers," said Matthew Bauer, Senior Lecturer of Computer Science, Illinois Institute of Technology.
Based on positive feedback from the pilot, the P33 Strong Start initiative will fully launch and engage eight companies at three schools in Fall 2022, more than doubling the number of students reached.
For companies and universities interested in learning more or getting involved in P33 Strong Start, visit www.p33chicago.com/strongstart.
About P33
P33 is a privately funded non-profit focused on driving inclusive, global tech and innovation leadership in Chicago. P33's work is anchored in deep research and driven by a need to unlock the potential of the digital age to solve some of the toughest problems facing Chicago, such as equitable access to digital careers, talent retention, deep science commercialization, and gaps in our growth-stage startup ecosystem. Launched in 2019, P33 is co-chaired by Penny Pritzker, former Secretary of Commerce and founder and chairman of PSP Partners; Chris Gladwin, CEO and Cofounder of Ocient and Cleversafe; and Kelly Welsh, President of the Civic Committee of The Commercial Club of Chicago. www.p33chicago.com
For more information on P33 Strong Start: Aleena Agrawal, aleena.agrawal@p33chicago.com
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SOURCE P33 | https://www.wibw.com/prnewswire/2022/05/03/p33-launches-strong-start-pilot-program-bring-chicago-tech-companies-into-college-classrooms/ | 2022-05-03T14:57:19Z |
Man found guilty in 2019 triple homicide
By James Paxson
Click here for updates on this story
FLINT, Michigan (WNEM) — Genesee County Prosecutor David Leyton announced on Wednesday a jury found a Flint man guilty on all counts related to a 2019 triple homicide that left three teens dead.
Quatrail Smith, 30, was convicted on three counts of first-degree premediated murder, four counts of felony firearm, one count of felon in possession of a firearm, and one count of a felon carrying a concealed weapon.
On Sept. 20, 2019, before about 7 a.m., officers from the city of Flint, Genesee County Sheriff’s Office, and Michigan State Police were sent to a home on Illinois Avenue for reports of a shooting. When they arrived, officers found three dead bodies, according to trial testimony.
One body was in the backyard, another was on the steps by the back door, and the third body was in the bedroom. The three victims ranged in age from 16 to 18-years-old.
Smith was arrested and taken into custody the next day. Investigators say a search warrant executed at his home provided important evidence linking him to the homicides.
“This is yet another tragic incident where gun violence in our community cut short the lives of three young men and will put another in prison for the rest of his life,” Leyton said.
Smith’s sentencing is scheduled for May 16. He could face life in prison without parole.
Please note: This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform. | https://localnews8.com/news/2022/04/14/man-found-guilty-in-2019-triple-homicide/ | 2022-04-14T17:23:42Z |
NEW YORK, May 19, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Stronghold Digital Mining, Inc. ("Stronghold Digital Mining, Inc." or the "Company") (NASDAQ: SDIG) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Stronghold Digital Mining, Inc. investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons and entities that purchased or otherwise acquired Stronghold Class A common stock pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company's October 2021 initial public offering. Follow the link below to get more information and be contacted by a member of our team:
SDIG investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) contracted suppliers, including MinerVa Semiconductor Corp., were reasonably likely to miss anticipated delivery quantities and deadlines; (2) due to strong demand and pre-sold supply of mining equipment in the industry, Stronghold would experience difficulties obtaining miners outside of confirmed purchase orders; (3) as a result of the foregoing, there was a significant risk that Stronghold could not expand its mining capacity as expected; (4) as a result, Stronghold would likely experience significant losses; and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
WHAT'S NEXT? If you suffered a loss in Stronghold Digital Mining, Inc. during the relevant time frame, you have until June 13, 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.kxii.com/prnewswire/2022/05/19/sdig-lawsuit-alert-levi-amp-korsinsky-notifies-stronghold-digital-mining-inc-investors-class-action-lawsuit-upcoming-deadline/ | 2022-05-19T18:46:44Z |
HELSINKI, Finland (AP) — Pierre-Luc Dubois scored twice and led defending champion Canada to a 5-3 victory over Germany in their opening game at the world ice hockey championship on Friday.
Cole Sillinger and Dubois scored from the slot in the first period of the Group A game in Helsinki.
Germany reduced the deficit to one then Dubois and Kent Johnson scored power play goals and Noah Gregor added one more to stretch the lead to 5-1 after the middle period.
Moritz Seider had a goal and two assists for Germany.
The United States jumped to a commanding 3-0 lead over Latvia after the opening period and cruised to a 4-1 victory in their Group B opener in Tampere
Captain Seth Jones had a power play goal and added an assist on a shorthanded goal, and Riley Barber, Thomas Bordeleau and Sam Lafferty each scored. Goaltender Strauss Mann stopped 24 shots.
In another Group B game, Toni Rajala had a a goal and two assists as last year’s runner-up, Finland, blanked Norway 5-0.
Also, Slovakia defeated France 4-2 in Group A.
It is the first world championship without any Russian representation since 1962, when the Soviet Union did not play in Colorado because of Cold War tensions over the building of the Berlin Wall.
Russia’s invasion of Ukraine prompted tournament host Finland to seek the exclusion of Russia and its ally Belarus. The International Ice Hockey Federation replaced them with France and Austria, and stripped Russia of the hosting rights for the 2023 world championship.
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More AP sports: https://apnews.com/hub/sports and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/defending-champ-canada-us-win-openers-at-ice-hockey-worlds/ | 2022-05-14T17:43:16Z |
Man flown, woman taken to hospital after crash in Atoka County
ATOKA COUNTY, Okla. (KXII) - Two people were hurt after a motorcycle crash in Atoka County Sunday night.
According to the Oklahoma Highway Patrol, it happened at 4:51 p.m. on State Highway 3 near Farris.
Troopers said 34-year-old Jerald Renteria, of Antlers, was traveling east bound on Ok-3 when he hit loose gravel, ran off the road, and rolled his motorcycle one quarter time before coming to rest on the passenger side.
Renteria was flown OU Medical in Oklahoma City with internal injuries.
Renteria’s passenger, 23-year-old Tara Rudder, of Antlers, was taken to the Atoka County Medical Center, where she was treated and released.
Troopers said Renteria and Rudder were both wearing helmets at the time of the crash.
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/04/18/man-flown-woman-taken-hospital-after-crash-atoka-county/ | 2022-04-20T21:40:53Z |
BERLIN, Sept. 6, 2022 /PRNewswire/ -- SGW Global and Motorola Mobility LLC today announces the signing of an extended multi-year deal granting SGW Global the exclusive rights to develop and market the Motorola brand of Home Audio products globally*.
SGW Global will now be responsible for the innovation, design, marketing and sales of an expanded Motorola Audio category, which includes both Personal Audio and Home Audio. This extends the more than 10-year partnership which currently also includes the licensing of Nursery and Personal Audio products. This partnership will build on the experience, energy and capabilities of both companies to increase design and innovation in the audio market, with the intention of expanding the product range, and enhancing the quality, user experience and audio performance of both Personal and Home Audio products.
"We consider it to be a huge privilege to be entrusted with the Home Audio category of products for the Motorola brand. Having been a licensee of other Motorola categories, we understand the strength that the brand brings," says Malcolm Paton, Executive Director of SGW Global. "Motorola's legacy of quality and innovation is unmatched and we have experienced great success in our current partnership. We look forward to how we will build on it with the addition of Home Audio."
"Throughout our long-standing relationship, we have always been impressed with the quality, safety and reliability of SGW products, SGW's compliance with the requirements of the brand licensing program and SGW's dedication to the Motorola brand," said David Carroll, Executive VP of Brand Licensing for Motorola Mobility LLC. "With SGW's leadership, we believe SGW will take Home Audio products to a new level and look forward to partnering with SGW on this journey."
SGW Global was granted the exclusive licensing rights to Personal Audio in December of 2020, which includes consumer audio accessories that are intended to be used in conjunction with mobile phones, such as Wi-Fi headsets; mono Bluetooth and Wi-Fi headsets and compact; portable, battery-powered Bluetooth and Wi-Fi speakers. Earlier this year, SGW Global introduced a new product to the Personal Audio category that was hugely successful and expanded the personal audio experience into automobile integration. The Motorola MA1, a plug-and-play adapter that integrates with Android Auto, has been recognized with numerous innovation awards and after the success of the initial launch in the US, the production quantities were increased to match the demand.
The Addition of Home Audio allows SGW to now bring its experience and innovation to consumer audio products within the home experience, including: amplifiers/receivers; Stereo Shelf Systems; turntables; sound bars, speakers and subwoofers; home theater systems; speaker stands, and in-box audio cables, connectors and remotes, and other similar devices. The agreement will see SGW's consumer electronic portfolio significantly strengthen and expand worldwide opportunities for the Motorola brand.
###
SGW Global specializes in the manufacture, design, sales and distribution of a wide array of consumer electronic products and services. Working with leading technology innovators, we pride ourselves on the creation of world-class award-winning designs and solutions. With a 30-year track record of quality and on-time delivery, we partner with dynamic pioneers at the forefront of technological change in a constantly evolving market.
In a partnership with Motorola Mobility LLC that has already existed for more than 10 years, SGW Global are the global1 licensee of the Motorola brand for Personal Audio2, Nursery3 and Telephony4 products.
As a truly global operation, we have our Corporate HQ along with our own manufacturing facilities in China, a dedicated Sales Operation Centre in the US, a European Operations Centre in the UK, and a worldwide sales and distribution network. For more information, visit www.sgwglobal.com
SGW Global is a trading name of Meizhou Guo Wei Electronics Co., Ltd.
For over 90 years the Motorola brand has been known around the world for high quality, innovative and trusted products. Motorola's Strategic Brand Partnership program seeks to leverage the power of this iconic brand by partnering with dynamic companies who offer unique, high quality products that enrich consumers' lives. Strategic brand partners work closely with Motorola engineers while developing and manufacturing their products, ensuring that their products meet the exacting safety, quality, and reliability standards that consumers have come to expect from Motorola. To learn more about Motorola strategic brand partnerships, follow us @ShopMotorola.
MOTOROLA and the Stylized M Logo are trademarks or registered trademarks of Motorola Trademark Holdings, LLC. and are used under license. All other trademarks are the property of their respective owners. © 2020 Motorola Mobility LLC. All rights reserved.
Media Contact:
Nicole Daley / Daley Public Relations
nicole@daleypr.com
415.408.8664
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SOURCE SGW Global | https://www.mysuncoast.com/prnewswire/2022/09/07/sgw-global-motorola-mobility-llc-close-deal-global-license-motorola-home-audio-products/ | 2022-09-07T01:07:45Z |
Trial in progress poster also to be presented for Phase 1/2 ARROS-1 study of ROS1-selective inhibitor NVL-520
CAMBRIDGE, Mass., Aug. 5, 2022 /PRNewswire/ -- Nuvalent, Inc. (Nasdaq: NUVL), a clinical-stage biopharmaceutical company focused on creating precisely targeted therapies for clinically proven kinase targets in cancer, today announced new preclinical data supporting the potential best-in-class profile of NVL-655 – an ALK-selective inhibitor, and a "Trial in Progress" poster for the Phase 1/2 ARROS-1 study of NVL-520 – a ROS1-selective inhibitor. NVL-520 and NVL-655 are central nervous system (CNS)-penetrant kinase inhibitors designed to specifically solve for the dual challenges of kinase resistance and selectivity commonly observed with currently available inhibitors.
The two posters will be presented at the IASLC 2022 World Conference on Lung Cancer (WCLC) Annual Meeting taking place August 6-9, 2022 in Vienna, Austria. The posters will also be available on the Nuvalent website.
"Our presentations at WCLC showcase the value that our collaborations with leading physician-scientists and translational investigators bring towards characterizing and developing our parallel lead programs for patients with non-small cell lung cancer (NSCLC)," said James Porter, Ph.D., Chief Executive Officer of Nuvalent. "We are grateful for our continued collaborations focused on advancing the understanding of resistance to kinase inhibitors, as well as the dedication and support of the Phase 1 clinical investigators participating in our ongoing studies for patients with advanced NSCLC and other solid tumors."
"We selected NVL-520 and NVL-655 based on the demonstrated strength of their preclinical profiles and their potential to drive deep, durable responses for patients with ROS1-positive and ALK-positive cancers, respectively. With both programs now under clinical investigation, we remain committed to continued, rigorous preclinical characterization to both deepen our understanding of our programs as well as to support the advancement of tools and models that may help accelerate the development of new therapies for genomically-driven cancers," said Henry Pelish, Ph.D., Vice President of Biology at Nuvalent. "We are pleased to share data further characterizing NVL-655 in a new patient-derived model of lorlatinib-resistant ALK-positive NSCLC with the treatment-emergent G1202R/T1151M compound resistance mutation, developed by our clinical and translational collaborators at Gustave Roussy."
The MR448re patient-derived model was established from cancer cells retrieved from a NSCLC patient previously treated with four prior ALK kinase inhibitors and most recently progressing following treatment with lorlatinib. Presence of an EML4-ALK fusion and the G1202R/T1151M compound mutation was confirmed by sequencing.
"The rapid development of the MR448re patient-derived model and subsequent evaluation of NVL-655 is a testament to the efficient cooperation between our clinical and translational investigators, and our collaborators at Nuvalent," said Luc Friboulet, Ph.D., investigator at Gustave Roussy. "NVL-655 showed strong antitumor activity in this heavily refractory model, while lorlatinib showed limited inhibitory activity consistent with treatment history. This further supports the differentiating and potentially best-in-class preclinical profile of NVL-655, which has previously demonstrated the ability to retain activity in the presence of a broad spectrum of single and compound ALK resistance mutations while maintaining a wide selectivity window over TRKB."
A "Trial in Progress" poster summarizing the preclinical profile of NVL-520 and clinical trial design of the Phase 1/2 ARROS-1 study (NCT05118789) for NVL-520 will also be presented. This multicenter, open-label, dose-escalation and expansion trial is designed to evaluate NVL-520 as an oral monotherapy for patients with advanced ROS1-positive NSCLC and other solid tumors. The ongoing Phase 1 dose-escalation portion of the study is currently enrolling ROS1-positive NSCLC patients who have previously received at least one ROS1 TKI, or patients with other ROS1-positive solid tumors previously treated with any prior therapy. Nuvalent plans to share preliminary dose-escalation data from ARROS-1 in the second half of 2022.
WCLC Presentation Overview:
Title: Preclinical Activity of NVL-655 in a Patient-Derived NSCLC Model with Lorlatinib-Resistant ALK G1202R/T1151M Mutation
Authors: H. Mizuta1, L. Bigot1, A. Tangpeerachaikul2, H.E. Pelish2, L. Friboulet1
Abstract Number: EP08.02-020
Session Category: Metastatic Non-small Cell Lung Cancer
Session Title: Molecular Targeted Treatments
Session Date and Time: August 7, 2022, 9:45am – 6:00pm CEST
1Gustave-Roussy, Villejuif, France; 2Nuvalent, Inc., Cambridge, MA, USA
Summary of Presentation:
- ALK G1202R single and compound mutations are recurrent mechanisms of resistance to previous-generation therapies, including alectinib and lorlatinib.
- NVL-655 showed strong antitumor activity in preclinical models derived from ALK positive patients who have progressed on treatment with earlier-generation ALK inhibitors, including a G1202R/T1151M compound mutation model derived from a patient previously treated with crizotinib, alectinib, brigatinib, and lorlatinib.
- Among all inhibitors tested, NVL-655 continues to show the broadest activity across ALK fusion partners and resistance mutations while maintaining a wide selectivity window over TRKB.
- NVL-655 is currently being evaluated in the Phase 1/2 ALKOVE-1 study for patients with advanced ALK+ NSCLC and other solid tumors, including those with ALK resistance mutations and CNS metastases (NCT05384626).
Title: NVL-520, a Highly Selective ROS1 Inhibitor, in Patients with Advanced ROS1-Positive Solid Tumors: The Phase 1/2 ARROS-1 Study
Authors: A. Drilon1, S-H.I. Ou2, S. Gadgeel3, M. Johnson4, A. Spira5, G. Lopes6, B. Besse7, E. Felip8, A.J. van der Wekken9, A. Calles10, M.J. de Miguel11, D.R. Camidge12, Y. Elamin13, S. Liu14, J. Bauman15, D. Haggstrom16, G. Riley17, H.E. Pelish17, V.W. Zhu17, J.J. Lin18
Abstract Number: EP08.02-041
Session Category: Metastatic Non-small Cell Lung Cancer
Session Title: Molecular Targeted Treatments
Session Date and Time: August 7, 2022, 9:45am – 6:00pm CEST
1Memorial Sloan Kettering Cancer Center, New York/NY/USA ,2University Of California Irvine Medical Center, Orange/CA/USA ,3Henry Ford Cancer Institute, Detroit/MI/USA ,4Sarah Cannon Research Institute, Nashville/TN/USA,5NEXT Oncology - Virginia Cancer Specialists, Fairfax/VA/USA ,6Sylvester Comprehensive Cancer Center at the University of Miami and the Miller School of Medicine, Miami/FL/USA ,7Institut Gustave Roussy, Villejuif Cedex/FR,8Hospital Vall d'Hebron, Barcelona/ES ,9University of Groningen, University Medical Centre Groningen,Groningen/NL ,10Hospital Universitario Gregorio Marañón, Madrid/ES ,11START Madrid-HM CIOCC, Madrid/ES,12University of Colorado Cancer Center, Anschutz Medical Campus, Aurora/CO/USA ,13MD Anderson Cancer Center, Houston/TX/USA ,14Georgetown University, Washington/DC/USA ,15Fox Chase Cancer Center, Philadelphia/PA/USA,16Levine Cancer Institute, Atrium Health, Charlotte/NC/USA ,17Nuvalent, Inc., Cambridge/MA/USA ,18Massachusetts General Hospital, Boston/MA/USA
Summary of Presentation:
- NVL-520 has demonstrated CNS activity and potent and selective inhibition of ROS1 & ROS1 G2032R over TRKB in preclinical models. These data indicate the potential to minimize TRK-related CNS adverse events seen with dual TRK/ROS1 inhibitors and drive more durable responses for patients with ROS1+ tumors, including those with ROS1 resistance mutations and CNS metastases.
- ARROS-1 is a Phase 1/2 study evaluating the safety and activity of NVL-520 in patients with advanced ROS1+ NSCLC and other solid tumors, including those with ROS1 resistance mutations and CNS metastases.
- The Phase 1 portion of the study is open and actively enrolling in the USA, Spain, the Netherlands, and France, with further global expansion planned.
- Phase 2 cohorts are designed to support potential registration in TKI-naive or previously treated ROS1+ NSCLC.
About NVL-655
NVL-655 is a novel brain-penetrant ALK-selective inhibitor created to overcome limitations observed with currently available ALK inhibitors. NVL-655 is designed to remain active in tumors that have developed resistance to first-, second-, and third-generation ALK inhibitors, including tumors with the solvent front G1202R mutation or compound mutations G1202R / L1196M ("GRLM"), G1202R / G1269A ("GRGA"), or G1202R/L1198F ("GRLF"). NVL-655 has been optimized for CNS penetrance to improve treatment options for patients with brain metastases. NVL-655 has been observed in preclinical studies to selectively inhibit wild-type ALK and its resistance variants over the structurally related tropomyosin receptor kinase (TRK) family to potentially avoid TRK-related CNS adverse events seen with dual TRK/ALK inhibitors and drive more durable responses for patients. NVL-655 is currently being investigated in the ALKOVE-1 study (NCT05384626), a first-in-human Phase 1/2 clinical trial for patients with advanced ALK-positive non-small cell lung cancer (NSCLC) and other solid tumors.
About NVL-520
NVL-520 is a novel brain-penetrant ROS1-selective inhibitor designed to remain active in tumors that have developed resistance to currently available ROS1 inhibitors, including tumors with the prevalent G2032R resistance mutation and those with the S1986Y/F, L2026M, or D2033N resistance mutations. NVL-520 has been optimized for brain penetrance to potentially improve treatment options for patients with brain metastases. NVL-520 has been observed in preclinical studies to selectively inhibit wild-type ROS1 and its resistance variants over the structurally related tropomyosin receptor kinase (TRK) family to potentially avoid TRK-related CNS adverse events seen with dual TRK/ROS1 inhibitors and drive more durable responses for patients. NVL-520 is currently being investigated in the ARROS-1 study (NCT05118789), a first-in-human Phase 1/2 clinical trial for patients with advanced non-small cell lung cancer (NSCLC) and other solid tumors.
About Nuvalent
Nuvalent, Inc. (Nasdaq: NUVL) is a clinical-stage biopharmaceutical company focused on creating precisely targeted therapies for patients with cancer, designed to overcome the limitations of existing therapies for clinically proven kinase targets. Leveraging deep expertise in chemistry and structure-based drug design, we develop innovative small molecules that have the potential to overcome resistance, minimize adverse events, address brain metastases, and drive more durable responses. Nuvalent is advancing a robust pipeline with parallel lead programs in ROS1-positive and ALK-positive non-small cell lung cancer (NSCLC), along with multiple discovery-stage research programs. We routinely post information that may be important to investors on our website at www.nuvalent.com. Follow us on Twitter (@nuvalent) and LinkedIn.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, without limitation, implied and express statements regarding Nuvalent's strategy, business plans, and focus; the clinical development programs for NVL-520 and NVL-655 and the timing thereof; the potential clinical effect of NVL-520 and NVL-655; the design and enrollment of the ARROS-1 and ALKOVE-1 studies and the timing thereof; the potential of Nuvalent's pipeline programs, including NVL-520 and NVL-655; Nuvalent's research and development programs for the treatment of cancer; risks and uncertainties associated with drug development; and capital allocation. The words "may," "might," "will," "could," "would," "should," "expect," "plan," "anticipate," "aim," "goal," "intend," "believe," "expect," "estimate," "seek," "predict," "future," "project," "potential," "continue," "target" or the negative of these terms and similar words or expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Drug development and commercialization involve a high degree of risk, and only a small number of research and development programs result in commercialization of a product. You should not place undue reliance on these statements or the scientific data presented. Any forward-looking statements in this press release are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties, and important factors that may cause actual events or results to differ materially from those expressed or implied by any forward-looking statements contained in this press release, including, without limitation: risks that Nuvalent may not fully enroll the ARROS-1 or ALKOVE-1 studies or that enrollment will take longer than expected; unexpected concerns that may arise from additional data, analysis, or results obtained during clinical trials; the occurrence of adverse safety events; risks of unexpected costs, delays, or other unexpected hurdles; risks that Nuvalent may not be able to nominate drug candidates from its HER2 Exon 20 and ALK IXDN programs; the direct or indirect impact of COVID-19 or other global geopolitical circumstances on the timing and anticipated timing and results of Nuvalent's clinical trials, strategy, and future operations, including the ARROS-1 and ALKOVE-1 studies; the timing and outcome of Nuvalent's planned interactions with regulatory authorities; and obtaining, maintaining, and protecting its intellectual property. These and other risks and uncertainties are described in greater detail in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, as well as any subsequent filings with the Securities and Exchange Commission. In addition, any forward-looking statements represent Nuvalent's views only as of today and should not be relied upon as representing its views as of any subsequent date. Nuvalent explicitly disclaims any obligation to update any forward-looking statements.
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SOURCE Nuvalent, Inc. | https://www.kxii.com/prnewswire/2022/08/05/nuvalent-presents-new-preclinical-data-supporting-potential-best-in-class-profile-alk-selective-inhibitor-nvl-655-iaslc-2022-world-conference-lung-cancer-annual-meeting/ | 2022-08-05T11:28:38Z |
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