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Parents hog-tied child, left him bound for nearly 10 hours, court documents say
NORTHWOOD, Ohio (WTVG/Gray News) – Two parents in Ohio are facing child abuse charges after police say they tied up their child and left him bound for nearly 10 hours.
Court documents show the victim’s mother and stepfather, Tabetha Sosnowicz, 38, and Jason Sosnowicz Sr., 42, are facing felony charges of endangering children – administering corporal punishment.
According to the affidavit, law enforcement officials responded to the Baymont Hotel in Northwood on July 22 for a check safety call.
Officials found a 12-year-old boy hog-tied in one of the hotel rooms where the family had been living. The affidavit said the boy “had his wrists tied behind his back with white shoestrings, and his wrists were tied to his ankles” on the hotel room floor beside the bed.
Police said the boy was bound for approximately 9.5 hours, from about 3 a.m. until the time police arrived at 12:30 p.m.
The documents said the stepfather was in the room with the child when police arrived and told officers the boy was tied up because he “gets into things.” When the mother returned to their hotel room, she told police she knew the boy was tied up.
Officers said both parents told them they “normally” tie the boy up “to keep him from accessing candy while they are asleep,” according to the affidavit.
Court documents said there were other children in the hotel room; a 6-year-old and a 14-year-old. Those children were not tied up.
A hotel employee said the stepfather worked at the hotel the family was living at.
Jason Sosnowicz’s bond was set at $75,000 and Tabetha Sosnowicz’s bond was set at $25,000. Both were ordered to have no contact with the victim.
Both are being held in the Wood County Jail and are due back in court on Thursday.
Wood County Children Services is investigating.
Copyright 2022 WTVG via Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/08/04/parents-hog-tied-child-left-him-bound-nearly-10-hours-court-documents-say/ | 2022-08-04T18:00:16Z |
NEW YORK, May 19, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in International Business Machines Corporation ("IBM" or the "Company") (NYSE: IBM) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of IBM investors who were adversely affected by alleged securities fraud between April 4, 2017 and October 20, 2021. Follow the link below to get more information and be contacted by a member of our team:
IBM 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: (i) Strategic Imperatives Revenue and growth, CAMSS and CAMSS Components' revenue and growth, and the Company's Segments' revenue and growth were artificially inflated as a result of the wrongful reclassification of revenues from non-strategic to strategic to make those revenues eligible for treatment as Strategic Imperatives Revenue; (ii) the Company's present success and positive future growth prospects concerning its Strategic Imperative business strategy were being fueled by the wrongful reclassification of revenues from non-strategic to strategic to make those revenues eligible for treatment as Strategic Imperative Revenue and, as a result (iii) the Company misled the market by portraying the Company's Strategic Imperative's financial performance and future prospects more favorable than they actually were as a result of the wrongful reclassification of revenues from non-strategic to strategic to make those revenues eligible for treatment as Strategic Imperatives.
WHAT'S NEXT? If you suffered a loss in IBM during the relevant time frame, you have until June 6, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP | https://www.wibw.com/prnewswire/2022/05/19/ibm-lawsuit-alert-levi-amp-korsinsky-notifies-international-business-machines-corporation-investors-class-action-lawsuit-upcoming-deadline/ | 2022-05-19T19:04:02Z |
Sales strategy leader joins Akima to accelerate growth and momentum in targeted markets
HERNDON, Va., June 7, 2022 /PRNewswire/ -- Akima announced today that Mike Alvarado has been named chief growth officer (CGO). Alvarado will report to Akima president and CEO, Bill Monet, and be responsible for leading the company's corporate development efforts to grow revenue and expand market share.
"Mike's knowledge, experience, and business leadership skills will be a great asset for Akima," said Monet. "He is a forward-thinking and strategic leader, and his expertise will play a critical role in aligning our strategic plan and organizational vision to best support our customers' missions."
Prior to joining Akima, Alvarado served as vice president of growth and sales strategy at Jacobs, leading growth efforts for their $5 billion global Critical Mission Solutions line of business. Prior to this, he led strategy and growth of the company's portfolio of intelligence operations, information technology, and cybersecurity solutions across multiple operating divisions for U.S. government customers.
"Over the past five years, the talented team at Akima has achieved significant success in the federal market, and the company enjoys excellent relationships with both customers and partners," said Alvarado. "I look forward to building on this success and working with the team as we execute new growth initiatives and corporate strategies."
During his 16 years with Jacobs, Alvarado provided transaction and integration leadership for the Jacobs acquisition of KeyW and its strategic investment in PA Consulting. Prior to joining Jacobs, he served in computer science research and development roles at Sandia National Laboratories. Alvarado earned a Master of Engineering from Cornell University as well as a Bachelor of Science from Florida State University.
About Akima
Akima is a global enterprise with more than 8,000 employees, delivering agile solutions to the federal government in the core areas of facilities, maintenance, and repair; information technology; logistics; protective services; systems engineering; mission support; furniture, fixtures & equipment (FF&E); and construction. As a subsidiary of NANA, an Alaska Native Corporation owned by more than 14,000 Iñupiat shareholders, Akima's core mission is to enable superior outcomes for our customers' missions while simultaneously creating a long-lived asset for NANA consistent with our Iñupiat values. In 2021, Akima ranked #28 on Washington Technology's Top 100 List and #63 on Bloomberg Government's BGOV200 List of top federal contractors. To learn more about Akima, visit www.akima.com.
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SOURCE Akima | https://www.mysuncoast.com/prnewswire/2022/06/07/akima-names-mike-alvarado-chief-growth-officer/ | 2022-06-07T14:42:03Z |
TORINO, Italy, April 27, 2022 /PRNewswire/ -- As part of a multiyear strategic partnership with Eastman, Maip Group, a leading international plastics formulator and compound producer, announces innovative compounds for new resins in the automotive market. Maip Compounding, the group's manufacturing company, announces its Cherbio™ family based on Eastman's molecular recycling technologies.
Maip Compounding has released a new range of compounded polymers with ISCC Plus certification. The new Cherbio (Chemical recycling biobased) family will offer a range of aesthetic and functional products specifically formulated with a wide range of colors and special effects.
Cherbio T, based on Eastman's polyester renewal technology, provides up to 50% certified recycled content* from post-consumer and postindustrial waste streams. Unlike mechanically recycled plastics, it offers the same high performances as virgin plastics.
Cherbio C provides up to 48% biobased content from sustainably managed forests. In addition, Eastman's carbon renewal technology uses mixed waste plastics to provide an additional 20% to 40% certified recycled content,* offering a material that is both biobased and contains certified recycled content.
Eastman has announced multiple investments for material-to-material molecular recycling facilities to produce new sustainable materials. The first facility, in Kingsport, Tennessee, is expected to be mechanically complete in late 2022, and the second facility, located in France, is expected to be mechanically complete in 2025.
Eastman's proven molecular recycling technologies provide true circularity for hard-to-recycle plastic waste that is typically incinerated or sent to a landfill. With molecular recycling, this hard-to-recycle waste is broken down into its molecular building blocks and reassembled to become first-quality material without any compromise in performance. Eastman's polyester renewal technology enables the potentially infinite value of materials by keeping them in production life cycle after life cycle. With the technology's inherent efficiencies and the renewable energy sources available in France, materials can be produced with greenhouse gas emissions up to 80% less than traditional methods.
To learn more, visit MAIP SRL at PAD 14, Corsia D, Stand 41, at the GreenPlast exhibition and conference, May 3–6, in Milan, Italy.
*Via its molecular recycling technologies, Eastman produces circular products that are certified by the International Sustainability and Carbon Certification (ISCC) by mass balance allocation.
About Gruppo Maip
Gruppo Maip has been a leader in the plastics market for more than 40 years. The company's innovation-driven growth model is focused on R&D and sales of specialty materials for technical applications. Maip Compounding, the compounding company of the group, develops a wide range of high-tech engineered thermoplastic materials with a focus on specialty colors and technical solutions requiring filled and reinforced custom formulation development. A constant commitment to research for innovative technical solutions that can promote the use of environmentally friendly thermoplastic materials is a fundamental objective and capability for the Gruppo Maip companies. For more information, visit maipsrl.com.
About Eastman
Founded in 1920, Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. With the purpose of enhancing the quality of life in a material way, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. The company's innovation-driven growth model takes advantage of world-class technology platforms, deep customer engagement, and differentiated application development to grow its leading positions in attractive end markets such as transportation, building and construction, and consumables. As a globally inclusive and diverse company, Eastman employs approximately 14,000 people around the world and serves customers in more than 100 countries. The company had 2021 revenues of approximately $10.5 billion and is headquartered in Kingsport, Tennessee, USA. For more information, visit eastman.com.
Gruppo Maip media contact:
a.nicola@maipsrl.com
Eastman media contact:
Jacob Teetzmann
Tombras
+1 (423) 494.3673
jteetzmann@tombras.com
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SOURCE Gruppo Maip | https://www.kxii.com/prnewswire/2022/04/27/maip-group-announces-new-sustainable-polymers-european-automotive-market-using-eastmans-molecular-recycling-technologies/ | 2022-04-27T09:36:07Z |
NEW YORK (AP) — Jeff McNeil knows the stomach-drop feeling of walking into the clubhouse, glancing at that day’s lineup and being caught off guard when his name wasn’t there.
“Oh yeah, it’s definitely happened,” said the New York Mets’ All-Star infielder and outfielder.
Happily for him, it’s an experience big leaguers are having less and less. At a time when ball clubs are valuing lineup versatility like never before, the communication between managers and players over who is playing — and at which position — has taken on greater importance.
“I tell them everything I know,” first-year Mets manager Buck Showalter said.
Part-time players Robinson Canó, Dominic Smith and J.D. Davis have full-time talents and resumes, but working them into the lineup requires near-constant shuffling by Showalter. McNeil needs to know if he’s playing second base or left field, depending on if Canó is headed toward the keystone. Smith can spell Pete Alonso at first, pushing the Polar Bear to designated hitter. J.D. Davis plays left field and third base, meaning he might displace one of several teammates.
And with the designated hitter going universal this year, the National League club has another slot that needs to be filled each day. Showalter has already used seven players there.
Yet, Mets players say there hasn’t been any game-day surprises from Showalter.
“Most of the time, you know exactly what’s going to happen before it does,” backup infielder Luis Guillorme said. “You’re not getting ambushed with anything.”
Of course, there are limits to what a manager can map out. The Mets experienced that last week, when Nimmo and Canha were game-time decisions for several days in a row while on the COVID-19 injured list.
“If you want to hear God laugh, tell him about your plans,” Showalter said. “I’m looking forward to things kind of settling in at some point.”
Players say Showalter either catches up with them in the clubhouse after games, or plans will be communicated via messages to their phones each night that also include report times and other schedule notes for the next day’s game.
“I want them to know everything so they’re not wondering about it or reading something wondering if it’s completely right,” Showalter said.
It’s been much the same across town at Yankee Stadium, where manager Aaron Boone says the Bronx Bombers are setting their lineups further ahead than ever. New York started the season with five infielders for four spots — Anthony Rizzo, DJ LeMahieu, Gleyber Torres, Josh Donaldson and Isiah Kiner-Falefa — and Boone wants them to know their role for a given day before they show up to work.
“I do think they like that,” Boone said. “So far, we’ve been getting the lineup out to them before the end of the night for the next day, and we’ll try to do that as much as we can.”
It’s not just a matter of mental preparation, either. Guillorme has been a part-time player over five big league seasons, and he’s ironed out different programs for when he’s playing and when he’s not.
“My routine is going to be a lot more toned down if I know I’m playing or if I’m not. If I know I’m not playing, if I’m in the role that I am usually, I do a lot more stuff on the field before the game,” he said. “If that day I’m going to play, I tone it down. I go through a regular routine of just normal, because I don’t want to be tired by that time. So for me, when they give me a heads up, yes it does help me a lot.”
___
Follow Jake Seiner: https://twitter.com/Jake_Seiner
___
More AP MLB: https://apnews.com/hub/MLB and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/mlb-managers-trying-to-work-ahead-with-ever-evolving-lineups/ | 2022-04-26T13:33:13Z |
The agency has provided top rankings for both SMB and enterprise clients since opening its NYC office last year.
NEW YORK, May 16, 2022 /PRNewswire/ -- Grizzly New Marketing, a leading international digital marketing agency, showcases its successful campaigns for clients in a variety of diverse industries since opening its New York City location in 2021. The company offers three online marketing packages to suit clients' unique needs, including Local, National, and E-commerce.
"We're proud to work with a wide range of local businesses, including dentist offices, landscapers, and chiropractors, among several others, to provide them with the tools they need to meet customers at the optimal moment of their search journey online," said Grizzly New Marketing, Inc. "Since opening our office in New York City last year, we've been able to partner with numerous American businesses to help an even greater number of small business owners achieve their marketing goals."
One client, Approved by Fritz (a premium dog products provider), saw an increase of 10 first page positions, 400 organic visitors, and 278 total completed goals since partnering with the agency. "After starting my online store, the start-up went well, I have more insight into the online marketing performance and I have already received my first requests!", said D. Heeren, owner of Approved by Fritz. Read more about this online marketing case.
Grizzly New Marketing provides full-service solutions for clients out of its New York City office, including Search Engine Positioning, Google Ads management, Link Building services, Social Media Advertising, Google My Business Optimization, and more. The company also offers a complimentary consultation for new and existing clients.
Founded in 2001, the company has ranked over 1 million keywords in the top search engines, including Premier Google SMB Partner, for every imaginable industry. Grizzly was the FD Gazelle's fastest-growing company in the Netherlands consecutively since 2017, and among the fastest-growing 1000 in Europe according to the Financial Times.
Related Links:
- Grizzly New Marketing Website
- Online marketing case Approved by Fritz
- Where Grizzly New Marketing is located
David Watson
Account Manager New Business
Grizzly New Marketing, Inc.
(332) 600-1173
info@grizzlymarketing.com
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SOURCE Grizzly New Marketing | https://www.kxii.com/prnewswire/2022/05/16/grizzly-new-marketing-touts-digital-marketing-success-out-its-nyc-office/ | 2022-05-16T18:18:00Z |
Big discounts coming this holiday shopping season
(CNN) - You can expect to find more discounts this year than in previous holiday shopping seasons.
Executives at Best Buy, Ulta, Gap and other top chains have said they are expecting a shopping season packed with deals.
Walmart said Tuesday it was offering more “rollbacks,” temporary price reductions on items, than in previous years and a wider array of toys for less than $50 and $25.
In addition to toys, shoppers will likely find discounts on clothing, televisions, beauty products, sporting goods and other items.
Other companies are also ramping up promotions to offer incentives to inflation-strained shoppers who might otherwise be priced out of holiday gifts, but it is unclear whether holiday discounts will be compelling enough to spur inflation-conscious shoppers to buy.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.mysuncoast.com/2022/08/31/big-discounts-coming-this-holiday-shopping-season/ | 2022-08-31T16:33:04Z |
NEW YORK, June 30, 2022 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) announced today that on Thursday, August 4, 2022, it will issue financial results for the second quarter ending June 30, 2022. The company will conduct a conference call at 8:30 a.m. (ET), following the release of its earnings materials.
A live audio webcast will be available on Paramount's Investor Relations homepage at ir.paramount.com beginning at 8:30 a.m. (ET) on August 4.
The conference call can also be accessed by dialing 844-200-6205 (domestic) or 929-526-1599 (international) using access code 907998. Please call five minutes in advance to ensure that you are connected prior to the call.
An audio replay of the call will be available beginning at 11:30 a.m. (ET) on August 4, in the Events, Webcasts & Annual Meetings section of Paramount's Investors homepage, and at 866-813-9403 using access code 709503.
The earnings release and any other information related to the call will be accessible on the Investors homepage of Paramount's website.
About Paramount
Paramount Global (NASDAQ: PARA, PARAA) is a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic studios, networks and streaming services, Paramount's portfolio of consumer brands includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, Pluto TV and Simon & Schuster, among others. Paramount delivers the largest share of the U.S. television audience and boasts one of the industry's most important and extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, the company provides powerful capabilities in production, distribution, and advertising solutions.
For more information about Paramount, please visit www.paramount.com and follow @Paramount on social platforms.
PARA-IR
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SOURCE Paramount Global | https://www.kxii.com/prnewswire/2022/06/30/paramount-global-report-second-quarter-financial-results-august-4-2022/ | 2022-06-30T21:53:39Z |
NEW YORK, Sept. 6, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Brigham Minerals, Inc. ("Brigham" or the "Company") (NYSE: MNRL), in connection with its proposed merger with Sitio Royalties Corp. ("Sitio") (NYSE: STR). Under the terms of the merger agreement, Brigham shareholders will receive a fixed exchange ratio of 1.133 shares of common stock in the combined company for each share of Brigham common stock owned, and Sitio's shareholders will receive one share of common stock in the combined company for each share of Sitio common stock owned. Upon completion of the transaction, Sitio shareholders will own approximately 54.0% and Brigham shareholders will only own approximately 46.0% of the combined company.
If you own Brigham shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
https://www.weisslaw.co/news-and-cases/mnrl
Or please contact:
Joshua Rubin, Esq.
Weiss Law
305 Broadway, 7th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Weiss Law is investigating whether (i) Brigham's board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the per-share merger consideration adequately compensates Brigham's shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.
Weiss Law has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com
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SOURCE Weiss Law | https://www.kxii.com/prnewswire/2022/09/06/shareholder-alert-weiss-law-investigates-brigham-minerals-inc/ | 2022-09-06T22:09:24Z |
Spirit Airlines said Monday that it still supports Frontier Airlines’ $2.9 billion takeover bid for the airline, saying it was more likely to win regulatory approval than JetBlue’s competing $3.6 billion offer.
Spirit said antitrust regulators are unlikely to approve JetBlue’s offer because of JetBlue’s alliance with American Airlines in the Northeast, a deal that the Justice Department is suing to block.
“We struggle to understand how JetBlue can believe” that the Justice Department or a court would let JetBlue strike a deal with American, then buy Spirit, eliminating the nation’s largest low-cost airline, the Spirit board said in a letter to JetBlue directors.
JetBlue rejected Spirit’s view, especially after promising last week to make concessions designed to assure regulatory approval of its offer. JetBlue’s CEO seemed to raise the possibility of a hostile takeover bid.
Shares of Miramar, Florida-based Spirit sank more than 9%. New York-based JetBlue’s stock gained nearly 3%, while shares of Denver-based Frontier fell 4%.
The development was a reversal from last month, when Spirit said that after speaking with financial and legal advisers, its directors believed JetBlue’s offer could “reasonably” turn out to be the better of the two deals.
Spirit said its board unanimously continues to back the bid made by Frontier in February and views it as the best way to maximize value. The airline anticipates a deal with Frontier closing in the second half of the year.
The JetBlue-American cooperative venture in Boston and New York, called the Northeast Alliance or NEA, was opposed by Spirit and other competitors long before Frontier’s February bid to buy Spirit.
JetBlue tried to satisfy regulatory concerns by offering to divest Spirit’s airport gates and takeoff and landing slots in New York and Boston and maybe in Fort Lauderdale, Florida. However, Spirit’s board said Monday that the revised offer is unlikely to appease regulators because the revised offer still “makes clear that JetBlue is unwilling to terminate” the partnership with American.
A Spirit-Frontier merger would combine the nation’s two largest budget airlines and create the No. 5 U.S. carrier. While Spirit and Frontier are similar “ultra low-cost” carriers, JetBlue operates on a business model that is more like the big four — American, Delta, United and Southwest. JetBlue would absorb Spirit and eliminate a budget airline that regulators believe helps keep ticket prices lower.
JetBlue on Monday repeated the argument that its offer is better for Spirit shareholders: It would pay them $33 per share in cash compared with Frontier’s cash-and-stock offer worth $22.42 per share, and JetBlue’s offer was sweetened to include a $200 million break-up fee if the deal falters.
“We hope the Spirit board will now recognize that ours is clearly a superior proposal and engage with us more constructively than they have to date,” said JetBlue CEO Robin Hayes.
Hayes was far more blunt, even threatening, throughout a five-page letter last week to Spirit Chairman Mac Gardner and CEO Ted Christie. Hayes wrote that his airline’s divestment promises should comfort Spirit leadership about JetBlue’s ability to win antitrust approval.
“While we would unquestionably prefer to negotiate a transaction with you, if you continue to refuse to constructively engage with us so that we can deliver this value to your stockholders, we are actively considering all other options available to us,” Hayes wrote.
Frontier CEO Barry Biffle said last week that regulatory review of a Frontier-Spirit combination “is already well underway and many months ahead of any alternative.”
When an analyst pressed Biffle on why Frontier hasn’t campaigned more aggressively and publicly for its bid, he said, “We have been pretty clear” about how Frontier views the benefits of its offer. “I don’t think we have to keep repeating it.” | https://cw33.com/business/ap-business/spirit-still-prefers-bid-from-frontier-airlines-over-jetblue/ | 2022-05-03T11:04:18Z |
Manatee County Sheriff seeking identity of robbery suspect
Published: Jul. 6, 2022 at 12:23 PM EDT|Updated: 18 minutes ago
BRADENTON, Fla. (WWSB) - Detectives are hoping someone will recognize the suspect who robbed a convenience store on July 4.
Shortly before 7 p.m. on Independence Day on 07/04/22, a suspect walked into the Circle K on 1st Street West in Bradenton, demanded money, and implied that he had a weapon. Employees complied with his request.
The suspect then fled the store with an undisclosed amount of money.
A person fitting the same description came into the store the day before July 3 and was caught on camera appearing to case the place. Anyone with information about this case is asked to contact the Manatee County Sheriff’s Office at (941) 747-3011.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/07/06/manatee-county-sheriff-seeking-identity-robbery-suspect/ | 2022-07-06T16:42:27Z |
Nichole Schmidt posts scathing tweet about Brian Laundrie’s confession letter
SARASOTA, Fla. (WWSB) - The mother of Gabby Petito has slammed the contents of a notebook containing the last words of Brian Laundrie, who said he killed Petito last year after she was severely injured while hiking in a wilderness area in Wyoming.
In a tweet Monday morning, Nichole Schmidt posted a graphic that read “Narcissists rewrite history to escape accountability.” and added “Fed up.”
The confession letter written in a notebook found near Laundrie’s remains were made public June 24, less than a hour after the FBI released the notebook and other belongings of Gabby and Brian to their families.
Laundrie family attorney Steven Bertolino said he released Brian’s confession letter to Fox News but also provided a copy to ABC7.
Patrick Reilly, attorney for the Petito family, told ABC7 he was shocked the notebook’s contents were released to the media.
Gabby and her fiancé, Brian Laundrie, were on a cross-county journey last year, documenting the trip on social media, when Gabby suddenly disappeared on Aug. 25, 2021. Brian returned home -- alone -- to North Port with Gabby’s vehicle.
In September, Petito’s body was found in a remote area in a national park in Wyoming. The cause of death was ruled to be strangulation.
Brian Laundrie disappeared Sept. 17, 2021. His remains were eventually found in Myakkahatchee Creek Environmental Park near his home, and the cause of death was ruled as a self-inflicted gunshot wound. A notebook near his body contained a confession letter, in which he claims it was a mercy killing after Gabby suffered a head injury after falling.
The rambling, eight-page narrative is part confession, part love letter, and in the end, a suicide note.
“I ended her life, I thought it was merciful, that it is what she wanted,” he wrote. The full text of the message can be found here.
Fed up. #narcissist #thetruthwillberevealed #selfish #wewontstop #justiceforgabby #KeepGoing #Cowards pic.twitter.com/txC6x3ZM3H
— Nichole Schmidt (@Nikischmidt927) June 27, 2022
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/06/27/nichole-schmidt-posts-scathing-tweet-about-brian-laundries-confession-letter/ | 2022-06-27T16:08:40Z |
LONDON and AUSTIN, Texas, April 5, 2022 /PRNewswire/ -- Vereigen Media, a leader in full-stack solutions for B2B demand generation, today announced the next phase of its global expansion with the addition of US-based Dave Steinmeyer as Managing Partner and Steve Collins as Senior Vice President of Global Revenue. Vereigen, in its 4th year of success, now serves a growing base of digitally savvy customers from offices in the US, UK, UAE, and India.
Dave Steinmeyer brings Vereigen an extensive background in helping B2B technology organizations expand their strategic efforts by focusing on customer and prospect engagement. As Managing Partner, Dave leverages his expertise in developing strategic growth models and customer-centric revenue teams. With his proven track record in driving measurable results for clients, Dave will help propel Vereigen to a market leader position as it expands operations globally.
"I have had the pleasure of working with Dave for many years. He consistently delivers on his commitments and follows through on his promises. Dave is the person I know I can rely on when I have tough business challenges to solve. His experience, candor, and dedication to ensuring his clients have the tools and resources to succeed have made Dave a partner I know I can turn to for all of my demand generation needs," said Alison Harris, Chief Digital Strategist at Addison Marketing.
Steve Collins brings Vereigen his solid background in B2B marketing and operations emphasizing Tech and SaaS companies. As SVP of Global Revenue, Steve will lead Vereigen's global expansion efforts and help deliver results to its growing network of clients and partners. Steve continues to leverage his B2B marketing expertise to help drive revenue growth for top global B2B brands.
"I am confident the values and input Dave and Steve bring to Vereigen Media will strengthen the company's result and customer-focused culture," said Anuj Pakhare, Founder and CEO of Vereigen Media. "Both have years of experience in our market sector that will help shape our position in the market and scale our growth. Vereigen Media's existing and future customers will benefit greatly from their commitment, determination, and customer-centricity."
Vereigen Media is a full-stack solution provider for B2B demand generation. It provides digital content methodology and processes to deliver relevant content to targeted decision-makers, at scale, with tangible results optimized for ROI and outcome. Vereigen offers a suite of Account-Based Management (ABM), Intent Data, Performance Media, and Content Syndication solutions. With an extreme focus on data quality, bespoke digital processes, and RevOps enablement, Vereigen helps sales and marketing teams increase conversion in their go-to-market strategies. Its flagship solution, VMintent, allows partners to hyper-target by tracking content engagement and funnel progression at both the account and contact level, ensuring that marketers can target the right contacts at the right time.
"We are eager for the opportunity to bring transparency and accountability to an otherwise convoluted B2B demand market," said Dave Steinmeyer. "Our focus is squarely on helping our colleagues and customers address their digital and demand marketing challenges as they work to find scalable options in driving growth and revenue for the organizations they work tirelessly to support."
Anuj Pakhare, founder and CEO of Vereigen, is an industry leader driven to change the B2B marketing landscape. Anuj has an extensive career working with marketing, PR, and research firms. He offers a wealth of experience and knowledge while focusing directly on customer experience and maximizing results. Anuj aims to make Vereigen Media a global leader of full-stack solutions for B2B marketing, ABM, and Intent Data programs. Vereigen Media is poised to bring revolutionary support for marketers through understanding their unique challenges while minimizing the costs typically associated with comprehensive marketing programs.
"We believe in studying and deeply understanding how businesses purchase products, then leveraging that knowledge into the core of our leading-edge B2B solutions. We bring the best experience and measurable results to our clients and strive every day to implement solutions that positively impact marketers' lives," Anuj concluded.
Vereigen Media is a full-stack solution provider for B2B demand generation. Its solutions provide digital content methodology and processes to deliver relevant content to targeted decision makers, at scale, with tangible results optimized for ROI and outcome. With offices in the United States, the United Kingdom, the United Arab Emirates, and India, Vereigen Media offers solutions and support to customers around the globe. For more information, visit us at www.VereigenMedia.com
Media Contact: Dave Steinmeyer, Managing Partner, dave@vereigenmedia.com
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SOURCE Vereigen Media | https://www.wibw.com/prnewswire/2022/04/05/vereigen-media-adds-distinguished-us-executives-dave-steinmeyer-steve-collins-accelerate-global-expansion/ | 2022-04-05T15:41:00Z |
Rapper Post Malone welcomes baby girl
Published: Jun. 14, 2022 at 4:26 PM EDT|Updated: 36 minutes ago
(CNN) – He’s a rapper, singer, songwriter, and record producer. Now, Post Malone can add “dad” to the list.
The rapper subtly announced the birth of his daughter during an interview with Howard Stern on Monday when he said he kissed his baby girl before heading to the studio.
His little girl’s mama is still a mystery, but he says they’re engaged.
The 26-year-old Grammy nominee first revealed they were expecting a child last month.
Malone, whose real name is Austin Post, grew up in Texas and has become one of the best-selling artists of all time.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.mysuncoast.com/2022/06/14/rapper-post-malone-welcomes-baby-girl/ | 2022-06-14T21:04:00Z |
AUSTIN (KXAN) — Over the weekend, Texas Gov. Greg Abbott had a phone call with local response leaders to prepare for intense rainfall and flooding throughout the state.
On Monday, Abbott directed the Texas Division of Emergency Management (TDEM) to increase the readiness level of the Texas State Emergency Operations Center (SOC) to Level II, which is classified as an escalated response, a press release said.
Dallas is already dealing with life-threatening flooding. Dallas County Judge Clay Jenkins declared a state of disaster and requested federal assistance due to the flooding. Jenkins said at least one person has died after being swept away in floodwaters. Jenkins said the woman was 60 years old
The state says it’ll have its people and other resources on deck, for any local agencies that ask for help.
TDEM told Nexstar it has more than 250 people ready to help in any part of the state.
“That’s military aircraft, helicopters and ground crews,” TDEM spokesperson Wes Rapaport said.
In El Paso, officials have already started handing out sandbags to help block water.
The National Weather Service forecasted heavy rain and flash flooding in the Panhandle, West Texas and South Texas this week, plus large hail and winds.
“It is so important for residents to remain weather aware, you know, monitoring local forecasts, following the local weather reports, watching the local news, making sure that you know what’s going on in your community so that you don’t put yourself into harm’s way,” Rapaport said. “Whenever this dries out, we’ll start mitigation.”
If you are experiencing severe weather in your area, it’s best to stay home and follow local guidance from emergency agencies. | https://cw33.com/news/texas-leaders-prepare-for-life-threatening-flooding-across-state/ | 2022-08-23T17:24:12Z |
USDOT: No extra charge for children reseated next to parents on flights
WASHINGTON (Gray News) – The U.S. Department of Transportation announced a set of actions it has taken to help protect airline passengers.
Transportation Secretary Pete Buttigieg said USDOT has published the first-ever Airline Passengers with Disabilities Bill of Rights and issued a notice to airlines to seat young children with a parent free of extra charge.
“Today’s announcements are the latest steps toward ensuring an air travel system that works for everyone,” said U.S. Transportation Secretary Pete Buttigieg in a release. “Whether you’re a parent expecting to sit together with your young children on a flight, a traveler with a disability navigating air travel, or a consumer traveling by air for the first time in a while, you deserve safe, accessible, affordable, and reliable airline service.”
The Airline Passengers with Disabilities Bill of Rights is set to empower travelers with disabilities to understand their rights on flights, and to ensure U.S. and foreign airlines understand and uphold those rights.
The USDOT’s Office of Aviation Consumer Protection (OACP) also issued a notice urging U.S. airlines to allow children 13 years old and younger to be seated next to a guardian at no extra charge. The department said the announcement was made in response to complaints made about airlines separating children, some as young as 11 months old, from their parents during flights.
The department says that it will review airline policies and consumer complaints later this year and will seek potential actions if needed.
Recently, consumer complaints have risen more than 300% above pre-pandemic levels, according to the latest Air Travel Consumer Report.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/07/12/usdot-no-extra-charge-children-reseated-next-parents-flights/ | 2022-07-12T01:07:21Z |
NEW YORK, June 8, 2022 /PRNewswire/ -- Insider currently operates in 26 countries, bringing AI-led cross-channel customer experience orchestration from Korea to Indonesia, UK to Brazil for 1000+ brands including industry powerhouses like Estée Lauder, Lenovo, New Balance, Puma, CNN, Virgin, and GAP. After penetrating some of the largest and mobile-first markets in Europe and Asia, establishing itself as a leader in the EU, and most recently expanding into the Americas and unlocking unicorn status, Insider is set to reaffirm its presence globally through inorganic growth and by building out its strategic partner alliances.
"Following our journey to democratize AI and marketing technologies in most of the toughest markets in the world and providing our technology globally at this scale, the time has come for Insider to extend its remarkable go-to-market expertise over the businesses that are scaling up. This will unlock greater growth opportunities for Insider. Faraaz brings immense experience and the required perspective to support our growth organically and through strategic mergers and acquisitions. Looking forward to achieving our aggressive growth targets together with Faraaz," said Hande Cilingir, Co-founder and CEO of Insider.
As the Chief Strategy and Corporate Development Officer, Faraaz will drive Insider's corporate strategy, spearhead inorganic growth by leading mergers and acquisitions, and drive organic growth through channel and technology partnerships. Faraaz has spent almost a decade driving growth at B2B enterprise software companies of various sizes, including Sitecore, Intercom, and Thomson Reuters. Faraaz led and advised on numerous mergers and acquisitions across the MarTech space including digital asset management, customer data platforms, e-commerce, marketing automation, AI search & merchandising, and front-end-as–a-service. He also led the successful carve-out and sale of the IP & Science division of Thomson Reuters (now Clarivate Analytics) to private equity in 2015. Prior to his career in technology, Faraaz was part of the TMT practice of Booz & Company (now Strategy&) advising clients on strategic investments, an investment banker at Macquarie Capital advising on major transactions such as the public market takeover of DAX-listed Techem AG and the merger of Truvo's Gouden Gids directory business with De Telefoongids. Faraaz started his career advising clients across multiple sectors as part of the Transaction Advisory Services practice at Ernst & Young.
Faraaz has Master's degrees from INSEAD and the London School of Economics and a dual bachelor's degree in Finance and Supply Chain Management from Arizona State University. He will continue to be based in San Fransisco and report to Insider Co-founder & CEO, Hande Cilingir.
"Insider has seen remarkable growth over the past few years and has been recognized as a Leader by Forrester, Gartner, IDC and most importantly by its loyal customers on G2 Crowd across a host of categories," said Faraaz Khan, Chief Strategy and Corporate Development Officer at Insider. "All of this has been achieved organically, largely on the back of our direct sales channel in Europe and Asia. The goal is to accelerate growth further through strategic mergers and acquisitions into categories that will add even more value to our customers, and by growing and enabling our loyal partner network. I am extremely excited to be joining the company as it enters the US to establish Insider as the #1 marketing platform trusted by marketers and analysts alike."
About Insider
Insider—one platform for individualized, cross-channel experiences—enables enterprise marketers to connect customer data across channels and systems, predict their future behavior with an AI intent engine and individualize customer experiences. Marketers use Insider's platform to deliver experiences across channels like Web, App, Web Push, Email, SMS, and Messaging Apps (WhatsApp, Facebook Messenger, RCS).
Insider recently unlocked unicorn status and NASDAQ congratulated the company for becoming one of the few woman-founded, women-led B2B SaaS unicorns in the world. Insider was named as the #1 Leader in The Forrester Wave for Cross-Channel Campaign Management 2021 and Gartner Magic Quadrant for Personalization Engines 2021. The company has been named #1 Leader on G2's Mobile Marketing Software and Personalization Grids with a 4.6/5 rating for 20 consecutive quarters. CrunchBase recently ranked Insider's co-founder and CEO Hande Cilingir as one of the top women CEOs outside the US.
Many of the most prestigious Fortune 500 companies and top brands in retail, automotive, and travel use Insider to deliver AI-backed personalized experiences that exceed customer expectations. Insider is trusted by over 1,200 global businesses, including Singapore Airlines, Virgin, Toyota, New Balance, IKEA, GAP, L'Oreal, Samsung, Newsweek, MediaMarkt, Nissan, AVIS, Marks & Spencer, Allianz, Madeira Madeira, Santander, BBVA, Pizza Hut, Avon, and CNN.
Contact: Merve Nazlioglu, merve@useinsider.com
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SOURCE Insider | https://www.kxii.com/prnewswire/2022/06/08/insider-hires-faraaz-khan-chief-strategy-corporate-development-officer-further-its-fast-growth-through-strategic-mergers-amp-acquisitions-channel-amp-technology-partnerships/ | 2022-06-08T15:10:06Z |
BROOKLINE, Mass. (AP) — Travis Vick was already an NCAA team champion at Texas. Now he can add low amateur at the U.S Open to his resume.
Vick shot a 3-over 73 at The Country Club on Sunday to finish at 8-over par for the tournament and claim a silver medal from the USGA. Vick also had the winning point for Texas in the national championship earlier this month.
“It’s kind of been like a golfer’s high in a sense,” Vick said Sunday. “I qualified for the Open, and then the following week we go to the NCAAs and end up winning. Then I get here and finish low am.”
Vick was 1 under to make the cut after shooting 70 and 69 in the first two rounds. He followed that with a 76 — blowing up with a 9 on the eighth hole on Saturday — and then shooting 73 to finish two strokes ahead of Sam Bennett (73), who played for rival Texas A&M.
Austin Greaser (17 over) and Stewart Hagestad (19 over) were the only other amateurs to make the cut.
“It’s just been an honor being here. The whole experience was incredible,” Vick said. “Then to top it off with low am, it’s hard to put into words how awesome that is.”
Vick said playing in the NCAA was “way more pressure, even though there’s thousands of more fans here.”
“When you’re playing for your team and you’re playing for a university, there’s just something about it because it’s something that we practice for all year long and you only get one opportunity to do that,” he said.
“But to say that there was no pressure out here would be a lie, especially when you’re on the first tee with Brooks Koepka right next to you.”
ANOTHER TOP 10
Rory McIlroy, the 2011 winner, shot 69 to finish 2 under for the tournament and tied for fifth. It was his fourth straight top-10 finish at the U.S. Open after missing the cut the previous three years.
He also finished second at the Masters in April and eighth at the PGA Championship in Tulsa in May.
“I’ll look back at this as another missed opportunity, just as (the PGA in) Southern Hills was,” he said. “But missed opportunities are better than not contending at all. So that is a positive.
“I have to stay patient at this point,” McIlroy said. “Because if I just keep putting myself in position, sooner or later it’s going to be my day and I’m going to get one.”
A string of holes early where he went bogey-birdie-bogey-birdie-bogey set the tone.
“A bit of a roller coaster on the front nine,” he said. “That’s the way the U.S. Opens go. There is a lot of highs and a lot of lows.”
McIlroy, who won in Toronto last week, was aiming for his fifth major victory — but his first since 2014. It was his 26th top-10 finish in a major.
“It’s not win or bust. It’s not as if where I finished today is the same as not playing on the weekend,” he said. “I guess when I look back, will I remember the fifth place I had at Brookline? Probably not.”
CLOTHES MAKE THE MAN
Will Zalatoris came dressed for the occasion when he arrived at The Country Club for the final round of the U.S. Open.
The overnight co-leader wore a shirt that was dotted with the silhouette of Francis Ouimet and his 10-year-old caddie, Eddie Lowery, from the 1913 U.S. Open at The Country Club.
Ouimet was a 20-year-old amateur who lived across the street when he beat celebrated British pros Ted Ray and Harry Vardon in a playoff. The victory led to a golf boom in the United States and was celebrated in a book and movie called “The Greatest Game Ever Played.”
A statue of the two sits at the entrance to a municipal course adjacent to The Country Club.
FREE PASS
Qualifier Joel Dahmen couldn’t finish the job after taking a share of the 36-hole lead, but he’ll leave The Country Club with an exemption into next year’s U.S. Open.
The top 10 finishers don’t have to go through qualifying for the event at the Los Angeles Country Club next summer. That means Denny McCarthy and Adam Hadwin, who finished tied for seventh at 1 under, and Dahmen, who was tied for 10th at even par, can avoid the local qualifying as well as the 36-hole final step that is known as “the longest day in golf.”
The other seven in the top 10 had earned exemptions into this year’s tournament.
“I had no idea on any of that stuff,” Dahmen said. “I might be able to hang on to that. I don’t enjoy that 36-hole day.”
___
AP Golf Writer Doug Ferguson and AP National Writer Eddie Pells contributed to this report.
___
More AP golf: https://apnews.com/hub/golf and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/travis-vick-adds-us-open-low-amateur-medal-to-ncaa-trophy/ | 2022-06-20T08:50:12Z |
MINA, Saudi Arabia (AP) — Millions of Muslims across the globe — including in countries like Afghanistan, Libya, Egypt, Kenya and Yemen — were celebrating Eid al-Adha on Saturday, one of the biggest holidays of the Islamic calendar.
Known as the “Feast of Sacrifice,” the revered observance coincides with the final rites of the annual hajj in Saudi Arabia. It’s a joyous occasion, for which food is a hallmark. Much of Asia, including Indonesia, India and Pakistan, will observe the holiday on Sunday.
But as Russia’s war in Ukraine sends food prices soaring and causes widespread hardship across the Middle East, many say they can’t afford the livestock for the ritual sacrifice. Desperation over the cost of living has undercut the typically booming holiday trade in goats, cows and sheep.
“Everyone wants to sacrifice an animal in the name of Allah, but they are not able to do so because they’re poor,” said Mohammad Nadir from a cattle market in Mazar-e-Sharif, northern Afghanistan, where a few men haggled over bleating sheep.
Eid al-Adha commemorates the Quranic tale of Ibrahim’s willingness to sacrifice Ismail as an act of obedience to God. Before he could carry out the sacrifice, God provided a ram as an offering. In the Christian and Jewish telling, Abraham is ordered to kill another son, Isaac.
Many Muslims celebrate the four-day feast by ritually slaughtering livestock and distributing the meat among family, friends and the poor. At al-Shati refugee camp in west Gaza City on Saturday, excited children lined up for the innards and trotters — a cherished offering for those otherwise unable to afford meat.
In cash-strapped Afghanistan, there is usually a shopping rush for prime animals ahead of the holiday. But this year, galloping global inflation and economic devastation after the Taliban takeover have put a purchase of great religious importance beyond the reach of many.
“Last year on this day I sold 40 to 50 cattle,” said Mohammad Qassim, an Afghan cattle vendor. “This year, I have only managed to sell two.”
Wheat and meat prices have multiplied and hunger has spread as Russia’s war on Ukraine disrupts agriculture and constrains energy supply. The sky-high costs of animal feed and fertilizer have forced livestock salesmen to hike prices.
From Tripoli in war-torn Libya, families are looking forward to the holiday after the past two years of the pandemic and more than a decade of violent chaos. But the price tags — up to $2,100 per sheep — had buyers pacing around the dusty market near the palm-studded highway, apprehensive about the major purchase.
“Honestly, the prices are crazy,” said Sabri al-Hadi, seeming exasperated.
At a livestock market in the blockaded Gaza Strip, there were hardly any buyers. Vendors said the price of sheep feed has jumped four fold in recent weeks.
“Our life is full of loss,” lamented Abu Mustafa, a sheep salesman in Deir al-Balah in central Gaza, which long has suffered from widespread joblessness and poverty.
On the streets of Ramallah, in the West Bank, Palestinian families were cutting back on other components of the feast — typically a bounty of dishes, from offal to kaak and maamoul holiday cookies.
“On days like these, there was demand for fruits, sweets and for nuts as well, but as you can see … no one is standing to buy now,” complained fruit vendor Baligh Hamdi.
But lavish feast or no, there were community prayers — a welcome sight in much of the world after years of coronavirus-related restrictions. The faithful crowded into mosques across the Middle East and North Africa on Saturday.
From Kenya to Russia to Egypt, throngs of worshippers prayed shoulder to shoulder, feet to feet.
“I feel very happy that all these people came to pray,” said Sahar Mohamed in Cairo, smiling widely. “There is love and acceptance between people.”
In Saudi Arabia, hundreds of thousands of pilgrims rose at dawn to trek to Mina, a wide valley ringed by barren mountains where Prophet Muhammad stopped on his route some 1,400 years ago. One million Muslims from around the world flocked this week to the holy city of Mecca, the largest pilgrimage since the pandemic upended the event.
At the multistory Jamarat Complex, pilgrims carried out the symbolic stoning of the devil, recalling Ibrahim’s victory over temptation. It’s among the set of rituals associated with the Prophet Muhammad and the prophets Ibrahim and Ismail, or Abraham and Ishmael in the Bible, performed every year for these five intense days.
The pilgrims threw pebbles at three large pillars that mark the places where the devil tried to interrupt Ibrahim’s sacrifice.
It’s the most dangerous point in the hajj, with masses streaming back and forth. In 2015, thousands of pilgrims were crushed to death by surging crowds. The Saudi government never gave a final death toll. In the years since, authorities have improved access with wider streets, electronic gates and a high-speed rail link.
All Muslims who are physically and financially able to complete the spiritual journey are supposed to do so at least once in a lifetime. Saudi Arabia maintained limits to curb the spread of the virus this year, with a COVID-19 vaccine mandate and attendance less than half of pre-pandemic quotas.
Still, the scenes were a significant step closer to normal. The famous crowds thronged the holy sites, abandoning masks and safety measures.
At the end of the pilgrimage, one of the key pillars of Islam, men are expected to shave their heads, and women to snip a lock of hair in a sign of renewal.
They will return to Mecca to circle the cube-shaped Kaaba, which represents the metaphorical house of God, in farewell before heading home and continuing to celebrate the remainder of Eid al-Adha with family.
“We are feeling very proud,” said Indian pilgrim Izhar Anjoom, who was stoning the devil in Mina. “We are enjoying (ourselves) so much because today is Eid.”
___
DeBre reported from Dubai, United Arab Emirates. Associated Press journalists Jelal Hassan in Ramallah, West Bank; Fares Akram in Gaza City, Gaza Strip; Kawa Besharat in Mazar-e-Sharif, Afghanistan and Mohamed Wagdy in Cairo contributed to this report. | https://cw33.com/news/international/ap-international/millions-of-muslims-commemorate-eid-al-adha-amid-high-prices/ | 2022-07-09T16:29:03Z |
NEW YORK (AP) — For one day, movie tickets will be just $3 in the vast majority of American theaters as part of a newly launched “National Cinema Day” to lure moviegoers during a quiet spell at the box office.
The Cinema Foundation, a non-profit arm of the National Association of Theater Owners, on Sunday announced that Sept. 3 will be a nationwide discount day in more than 3,000 theaters and on more than 30,000 screens. Major chains, including AMC and Regal Cinemas, are participating, as are all major film studios. In participating theaters, tickets will be no more than $3 for every showing, in every format.
Labor Day weekend is traditionally one of the slowest weekends in theaters. This year, the August lull has been especially acute for exhibitors. Cineworld, which owns Regal Cinemas, cited the scant supply of major new releases in its recent plans to fill for Chapter 11 bankruptcy.
But, if successful, National Cinema Day could flood theaters with moviegoers and potentially prompt them to return in the fall. Before each showing, ticket buyers will be shown a sizzle reel of upcoming films from A24, Amazon Studios, Disney, Focus Features, Lionsgate, Neon, Paramount, Sony Pictures Classics, Sony, United Artists Releasing, Universal, and Warner Bros.
“After this summer’s record-breaking return to cinemas, we wanted to do something to celebrate moviegoing,” said Jackie Brenneman, Cinema Foundation president, in a statement. “We’re doing it by offering a ‘thank you’ to the moviegoers that made this summer happen, and by offering an extra enticement for those who haven’t made it back yet.”
After more than two years of pandemic, movie theaters rebounded significantly over the summer, seeing business return to nearly pre-pandemic levels. Films like “Top Gun: Maverick,”“Minions: Rise of Gru,”“Doctor Strange in the Multiverse of Madness” and “Jurassic World Dominion” pushed the domestic summer box office to $3.3 billion in ticket sales as of Aug. 21, according to data firm Comscore. That trails 2019 totals by about 20% but exhibitors have had about 30% fewer wide releases this year.
Organizers of National Cinema Day described the event as a trial that could become an annual fixture. While some other countries have experimented with a similar day of cheap movie tickets, the initiative is the first of its kind on such a large scale in the U.S. | https://cw33.com/news/nexstar-media-wire/most-us-movie-theaters-agree-to-sell-3-tickets-for-1-day/ | 2022-08-28T18:36:57Z |
A US Navy warship sailed through the Taiwan Strait on Tuesday, the third time in a week the vessel has entered waters claimed by China, heightening tensions between Washington and Beijing.
Washington said the latest voyage by the guided-missile destroyer USS Benfold demonstrated its "commitment to a free and open Indo-Pacific," but Beijing blasted it as a "provocation" that showed the United States was a "destroyer of peace and stability."
The strait is a 110-mile (180-kilometer) wide stretch of water that separates the democratic self-ruled island of Taiwan from mainland China.
Beijing claims sovereignty over Taiwan despite China's ruling Communist Party never having controlled the island -- and considers the strait part of its "internal waters."
The US Navy, however, says most of the strait is in international waters.
The Navy cites an international law that defines territorial waters as extending 12 nautical miles from a country's coastline and regularly sends its warships through the strait in what it calls freedom of navigation operations, including on May 10 when the guided missile cruiser USS Port Royal made a similar voyage.
Wednesday saw the Benfold transit "through a corridor in the strait that is beyond the territorial sea of any coastal state," said US 7th Fleet spokesperson Lt. Nicholas Lingo.
China reacted angrily to the ship's presence in the strait and its military said on Wednesday it had followed and monitored the US vessel during its transit.
"The frequent provocations and showing-off by the US fully demonstrate that the US is the destroyer of peace and stability in the Taiwan Strait and the creator of security risks in the Taiwan Strait," said Col. Shi Yi, spokesman for the People's Liberation Army's Eastern Theater Command. "The theater troops maintain high alert at all times and will resolutely defend national sovereignty and territorial integrity."
Last week, the Benfold performed two freedom of navigation operations in the South China Sea, near to contested islands where Beijing has built military installations.
On July 13, the US destroyer challenged what the US 7th Fleet said are "excessive maritime claims" by Beijing around the Paracel Islands -- known as the Xisha Islands in China, and on Saturday near the Spratly Islands -- known as the Nansha Islands in China. Beijing also reacted angrily to the Benfold's voyage near the Paracels.
Tensions between the US and China over Taiwan have increased in recent days, with Beijing lashing out twice in the past week over US relations with the island.
On Monday, Beijing said a $108 million US arms sale to Taipei "gravely jeopardizes China's sovereignty and security interests, and severely harm relations between the two countries and their militaries."
And on Tuesday, a Beijing spokesperson said it "firmly opposed" a possible visit to the island by Nancy Pelosi, the speaker of the US House of Representatives.
Some reports have suggested Pelosi will visit Taiwan in August. Previously she had planned to take a US congressional delegation to the island in April, but the trip was postponed after she tested positive for Covid-19.
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- Second Quarter Total Revenue Growth of 21 Percent
- Reported Earnings Per Share of $1.17
- Increased Adjusted Earnings Per Share 21 Percent Over the Prior Year to $1.32
- Generated Cash Flow from Operations of $1,563 million and Adjusted Free Cash Flow of $1,152 million for the Six Months Ended June 30, 2022
- Raised 2022 Full-Year Financial Guidance
- Increased Quarterly Dividend by Approximately 8 Percent
PHOENIX, Aug. 4, 2022 /PRNewswire/ -- Republic Services, Inc. (NYSE: RSG) today reported net income of $371.9 million, or $1.17 per diluted share, for the three months ended June 30, 2022, versus $331.1 million, or $1.03 per diluted share, for the comparable 2021 period. Excluding certain benefits and expenses, on an adjusted basis, net income for the three months ended June 30, 2022 was $418.4 million, or $1.32 per diluted share, versus $349.9 million, or $1.09 per diluted share, for the comparable 2021 period.
"We are very pleased with our second quarter results, which demonstrate our ability to dynamically adjust price to offset higher levels of cost inflation and drive margin expansion in the underlying business," said Jon Vander Ark, president and chief executive officer. "As a result of our strong performance and outlook for the balance of the year, we are raising our full-year financial guidance."
Second-Quarter 2022 Highlights:
- Total revenue growth of 21.4 percent includes 11.1 percent of organic growth and 10.3 percent of growth from acquisitions. Revenue growth from acquisitions includes US Ecology, which closed on May 2, 2022.
- Second quarter revenue growth from average yield was 5.0 percent and volume increased revenue by 2.4 percent.
- Second quarter core price increased revenue by 6.2 percent. Core price consisted of 7.8 percent in the open market and 3.5 percent in the restricted portion of the business.
- Second quarter EPS was $1.17 per share, and adjusted EPS, a non-GAAP measure, was $1.32 per share. Adjusted EPS increased 21.1 percent over the prior year.
- Year-to-date cash provided by operating activities was $1,563.5 million. Adjusted free cash flow, a non-GAAP measure, was $1,152.0 million, an increase of 14.1 percent versus the prior year.
- Republic's second quarter net income was $371.9 million, or 10.9 percent of revenue.
- Second quarter adjusted EBITDA, a non-GAAP measure, was $1.0 billion and adjusted EBITDA margin was 29.6 percent of revenue.
- Year-to-date cash invested in acquisitions was $2.5 billion, $2.2 billion of which related to the acquisition of US Ecology.
- Year-to-date cash returned to shareholders was $494.7 million, which included $203.5 million of share repurchases and $291.2 million of dividends paid.
- The Company's average recycled commodity price per ton sold during the second quarter was $218. This represents an increase from the first quarter of 2022 of $17 per ton and an increase of $48 per ton over the prior year.
- The Company was named to 3BL Media's 100 Best Corporate Citizens list for the third consecutive year. The ranking recognizes Republic's ESG leadership in climate change, environment and governance.
Raised Full-Year 2022 Financial Guidance
Republic raised its full-year adjusted diluted EPS guidance to $4.77 to $4.80 and its full-year adjusted free cash flow guidance to $1,700 million to $1,725 million.
Please refer to the Information Regarding Forward-Looking Statements section of this document.
Company Increases Quarterly Dividend
Republic continues to increase cash returns to shareholders and previously announced that its Board of Directors approved a 3.5-cent increase in the quarterly dividend. The quarterly dividend of $0.495 per share for shareholders of record on October 3, 2022 will be paid on October 14, 2022.
Presentation of Certain Non-GAAP Measures
Adjusted diluted earnings per share, adjusted net income, EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted EBITDA by business type, adjusted EBITDA margin by business type and adjusted free cash flow are described in the Reconciliation of Certain Non-GAAP Measures section of this document.
About Republic Services
Republic Services, Inc. is a leader in the environmental services industry. Through its subsidiaries, the Company provides customers with the most complete set of products and services, including recycling, solid waste, special waste, hazardous waste, container rental and field services. Republic's industry-leading commitments to advance circularity, reduce emissions and decarbonize operations are helping deliver on its vision to partner with customers to create a more sustainable world. For more information, please visit RepublicServices.com.
You should read the following information in conjunction with our audited consolidated financial statements and notes thereto appearing in our Annual Report on Form 10-K as of and for the year ended December 31, 2021. All amounts below are in millions and as a percentage of our revenue, except per share data.
REVENUE
The following table reflects our total revenue by line of business for the three and six months ended June 30, 2022 and 2021:
The following table reflects changes in components of our revenue, as a percentage of total revenue, for the three and six months ended June 30, 2022 and 2021:
Average yield is defined as revenue growth from the change in average price per unit of service, expressed as a percentage. Core price is defined as price increases to our customers and fees, excluding fuel recovery fees, net of price decreases to retain customers. We also measure changes in average yield and core price as a percentage of related-business revenue, defined as total revenue excluding recycled commodities, fuel recovery fees and environmental solutions revenue, to determine the effectiveness of our pricing strategies. Average yield as a percentage of related-business revenue was 5.4% and 5.0% for the three and six months ended June 30, 2022, respectively, and 2.8% and 2.6% for the same respective periods in 2021. Core price as a percentage of related-business revenue was 6.7% and 6.6% for the three and six months ended June 30, 2022, respectively, and 5.5% and 5.1% for the same respective periods in 2021.
The following table reflects changes in average yield and volume, as a percentage of total revenue by line of business, for the three and six months ended June 30, 2022 and 2021:
COST OF OPERATIONS
The following table summarizes the major components of our cost of operations for the three and six months ended June 30, 2022 and 2021 (in millions of dollars and as a percentage of revenue):
These cost categories may change from time to time and may not be comparable to similarly titled categories used by other companies. As such, you should take care when comparing our cost of operations by cost component to that of other companies and of ours for prior periods.
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
The following table summarizes our selling, general and administrative expenses for the three and six months ended June 30, 2022 and 2021 (in millions of dollars and as a percentage of revenue):
These cost categories may change from time to time and may not be comparable to similarly titled categories used by other companies. As such, you should take care when comparing our selling, general and administrative expenses by cost component to those of other companies and of ours for prior periods.
RECONCILIATION OF CERTAIN NON-GAAP MEASURES
The following tables calculate EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDA margin, adjusted EBITDA by business type, adjusted EBITDA margin by business type, adjusted pre-tax income, adjusted tax impact, adjusted net income - Republic, adjusted diluted earnings per share, and adjusted free cash flow, which are not measures determined in accordance with U.S. generally accepted accounting principles (U.S. GAAP), for the three and six months ended June 30, 2022 and 2021. Our definitions of EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDA margin, adjusted EBITDA by business type, adjusted EBITDA margin by business type, adjusted pre-tax income, adjusted tax impact, adjusted net income - Republic, adjusted diluted earnings per share, and adjusted free cash flow may not be comparable to similarly titled measures presented by other companies.
EBITDA and EBITDA Margin
The following table calculates EBITDA and EBITDA margin for the three and six months ended June 30, 2022 and 2021 (in millions of dollars and as a percentage of revenue):
Adjusted EBITDA and Adjusted EBITDA Margin
The following table calculates adjusted EBITDA and adjusted EBITDA margin for the three and six months ended June 30, 2022 and 2021 (in millions of dollars and as a percentage of revenue):
Adjusted EBITDA and Adjusted EBITDA Margin by Business Type
The following table summarizes revenue, adjusted EBITDA and adjusted EBITDA margin by business type for the three months ended June 30, 2022 (in millions of dollars and adjusted EBITDA margin as a percentage of revenue):
The following table calculates adjusted EBITDA by business type for the three months ended June 30, 2022 (in millions of dollars):
Adjusted Earnings Per Share
The following table calculates adjusted pre-tax income, adjusted tax impact, adjusted net income - Republic, and adjusted diluted earnings per share for the three and six months ended June 30, 2022 and 2021
We believe that presenting EBITDA and EBITDA margin is useful to investors because they provide important information concerning our operating performance exclusive of certain non-cash and other costs. EBITDA and EBITDA margin demonstrate our ability to execute our financial strategy, which includes reinvesting in existing capital assets to ensure a high level of customer service, investing in capital assets to facilitate growth in our customer base and services provided, maintaining our investment grade credit ratings and minimizing debt, paying cash dividends, repurchasing our common stock, and maintaining and improving our market position through business optimization. Although depreciation, depletion, amortization and accretion are considered operating costs in accordance with U.S. GAAP, they represent the allocation of non-cash costs generally associated with long-lived assets acquired or constructed in prior years.
We believe that presenting adjusted EBITDA and adjusted EBITDA margin, adjusted pre-tax income, adjusted tax impact, adjusted net income - Republic, and adjusted diluted earnings per share provide an understanding of operational activities before the financial impact of certain items. We use these measures, and believe investors will find them helpful, in understanding the ongoing performance of our operations separate from items that have a disproportionate impact on our results for a particular period. We have incurred comparable charges, costs and recoveries in prior periods, and similar types of adjustments can reasonably be expected to be recorded in future periods.
Loss from unconsolidated equity method investments. The loss from unconsolidated equity method investments primarily relates to non-controlling equity interests in certain limited liability companies that qualified for investment tax credits under Section 48 of the Internal Revenue Code. We believe that adjusting EBITDA for our loss from unconsolidated equity method investments is useful to our investors as the relevant income tax benefit, primarily investment tax credits, is not included in the calculation of EBITDA.
Restructuring charges. In 2022 and 2021, we incurred costs related to the redesign of certain back-office software systems.
(Gain) loss on business divestitures and impairments, net. During the three and six months ended June 30, 2021 we recorded a net loss on business divestitures and impairments of $0.9 million and a net gain of $(0.2) million, respectively.
Withdrawal costs - multiemployer pension funds. During both the three and six months ended June 30, 2022, we recorded $2.2 million of withdrawal costs from a multiemployer pension plan.
US Ecology, Inc. acquisition integration and deal costs. During the three and six months ended June 30, 2022, we incurred $51.9 million and $56.6 million, respectively, of acquisition integration and deal costs in connection with the acquisition of US Ecology, which included certain costs to close the acquisition and integrate the business, including stock compensation expense for unvested equity awards at closing as well as severance and change-in-control payments. The acquisition closed on May 2, 2022.
Accelerated vesting of compensation expense for CEO transition. In June 2021, Donald W. Slager retired as Chief Executive Officer (CEO) of Republic Services, Inc. During the three and six months ended June 30, 2021, we recognized a charge of $15.4 million related to the accelerated vesting of his compensation awards that were previously scheduled to vest in 2022 and beyond.
Adjusted Free Cash Flow
The following table calculates our adjusted free cash flow, which is not a measure determined in accordance with U.S. GAAP, for the six months ended June 30, 2022 and 2021:
We believe that presenting adjusted free cash flow provides useful information regarding our recurring cash provided by operating activities after certain expenditures or recoveries. It also demonstrates our ability to execute our financial strategy and is a key metric we use to determine compensation. The presentation of adjusted free cash flow has material limitations. Adjusted free cash flow does not represent our cash flow available for discretionary payments because it excludes certain payments that are required or to which we have committed, such as debt service requirements and dividend payments.
Purchases of property and equipment as reflected on our consolidated statements of cash flows represent amounts paid during the period for such expenditures. A reconciliation of property and equipment expenditures reflected on our consolidated statements of cash flows to property and equipment received during the period follows for the six months ended June 30, 2022 and 2021:
The adjustments noted above do not affect our net change in cash, cash equivalents, restricted cash and restricted cash equivalents as reflected in our consolidated statements of cash flows.
ACCOUNTS RECEIVABLE
As of June 30, 2022 and December 31, 2021, accounts receivable were $1,654.7 million and $1,271.4 million, net of allowance for doubtful accounts of $50.6 million and $38.5 million, respectively, resulting in days sales outstanding of 37.8, or 27.1 days net of deferred revenue, compared to 39.2, or 27.5 days net of deferred revenue, respectively.
CASH DIVIDENDS
In April 2022, we paid a cash dividend of $145.3 million to shareholders of record as of April 1, 2022. As of June 30, 2022, we recorded a quarterly dividend payable of $145.3 million to shareholders of record at the close of business on July 1, 2022, which was paid on July 15, 2022.
SHARE REPURCHASE PROGRAM
During the three months ended June 30, 2022, we did not repurchase any shares of our stock. As of June 30, 2022, the remaining authorized purchase capacity under our October 2020 repurchase program was $1.5 billion.
2022 FINANCIAL GUIDANCE
Adjusted Diluted Earnings per Share
The following is a summary of anticipated adjusted diluted earnings per share for the year ending December 31, 2022, which is not a measure determined in accordance with U.S. GAAP:
We believe that presenting adjusted diluted earnings per share provides an understanding of operational activities before the financial impact of certain items. We use this measure, and believe investors will find it helpful, in understanding the ongoing performance of our operations separate from items that have a disproportionate impact on our results for a particular period. We have incurred comparable charges, costs and recoveries in prior periods, and similar types of adjustments can reasonably be expected to be recorded in future periods. Our definition of adjusted diluted earnings per share may not be comparable to similarly titled measures presented by other companies.
Adjusted Free Cash Flow
Our anticipated adjusted free cash flow for the year ending December 31, 2022, which is not a measure determined in accordance with U.S. GAAP, is calculated as follows:
We believe that presenting adjusted free cash flow provides useful information regarding our recurring cash provided by operating activities after certain expenditures or recoveries. It also demonstrates our ability to execute our financial strategy and is a key metric we use to determine compensation. The presentation of adjusted free cash flow has material limitations. Adjusted free cash flow does not represent our cash flow available for discretionary payments because it excludes certain payments that are required or to which we have committed, such as debt service requirements and dividend payments. Our definition of adjusted free cash flow may not be comparable to similarly titled measures presented by other companies.
Our financial guidance is based on current economic conditions.
INFORMATION REGARDING FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking information about us that is intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Words such as "guidance," "expect," "will," "may," "anticipate," "plan," "estimate," "project," "intend," "should," "can," "likely," "could," "outlook" and similar expressions are intended to identify forward-looking statements. These statements include information about our plans, strategies and prospects. Forward-looking statements are not guarantees of performance. These statements are based upon the current beliefs and expectations of our management and are subject to risk and uncertainties that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot assure you that the expectations will prove to be correct. Among the factors that could cause actual results to differ materially from the expectations expressed in the forward-looking statements are our ability to effectively integrate and manage companies we acquire, including US Ecology, and to realize the anticipated benefits of any such acquisitions, the effects of the COVID-19 pandemic and actions taken in response thereto, acts of war, riots or terrorism, and the impact of these acts on economic, financial and social conditions in the United States as well as our dependence on large, long-term collection, transfer and disposal contracts. More information on factors that could cause actual results or events to differ materially from those anticipated is included from time to time in our reports filed with the Securities and Exchange Commission, including our Quarterly Report on Form 10-Q for the quarter ended June 30, 2022, particularly under Part II, Item 1A - Risk Factors, and our Annual Report on Form 10-K for the year ended December 31, 2021, particularly under Part I, Item 1A – Risk Factors. Additionally, new risk factors emerge from time to time and it is not possible for us to predict all such risk factors, or to assess the impact such risk factors might have on our business. We undertake no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
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SOURCE Republic Services, Inc. | https://www.kxii.com/prnewswire/2022/08/04/republic-services-inc-reports-second-quarter-2022-results/ | 2022-08-04T21:50:21Z |
- ONE's anode-free cell is the first to deliver 1007 Wh/L into a large format prismatic can cell
- The anode-free cell technology surpasses industry-leading energy density, while lowering costs of the Gemini battery pack by eliminating the need for graphite and anode cell manufacturing equipment
- ONE's Gemini dual-chemistry architecture has opened a straightforward path to widespread use of anode-free cells by reducing cycle life and peak power requirements by 90%
NOVI, Mich., Sept. 13, 2022 /PRNewswire/ -- Our Next Energy (ONE), a Michigan-based energy storage company, today unveiled a 240-Ah prismatic anode-free cell after a successful 12-month R&D effort. The company believes its anode-free cell is the highest energy density large-format cell ever produced. The breakthrough technology will enable the commercialization of ONE's Gemini™ dual-chemistry architecture, which will be integrated into a BMW iX prototype vehicle later this year.
ONE's first-generation 1007 Wh/L cell eliminates the need for graphite and anode manufacturing equipment, enabling $50 per kWh cell cost at scale. "Our prismatic anode-free cell is produced with approximately half of current cell manufacturing equipment for equivalent capacity, allowing us to sharply reduce scale-up cost," said Mujeeb Ijaz, founder and CEO of ONE.
Anode-free cells typically have low cycle life compared to conventional cells, which has not made them viable in an automotive setting. ONE's Gemini dual-chemistry architecture has opened a straightforward path to widespread use of anode-free cells by reducing cycle and peak power requirements by 90%. Gemini pairs more standardized LFP and anode-free chemistries into one battery pack, enabled by the company's proprietary DC-DC converter. This allows each specialty chemistry to focus on different functions: LFP for daily driving, and anode-free to extend range for long distances. This combined system is expected to deliver more than 250,000 miles of lifetime service.
"Scaling 100x from a 2 Ah pouch cell to a 240 Ah prismatic in less than 12 months is a testament to the simplicity of the design and ability to use conventional Li-ion production equipment," said Dr. Steven Kaye, ONE Chief Technical Officer. "We are moving faster than the fastest research programs that I have been a part of. Gemini will reach volume production in 2026 accelerating electric vehicle adoption by delivering 600 miles of range in a wide range of vehicle platforms, including trucks and SVUs."
ONE will showcase its anode-free cell and Gemini battery architecture technology at The Battery Show in Novi, MI on September 13-15.
For more information, visit one.ai/anode-free
Our Next Energy, Inc. (ONE) is a Michigan-based energy storage company focused on battery technologies that will radically accelerate the adoption of electric vehicles and expand the possibilities of next-level storage solutions. Our vision is simple: Double the range of electric vehicles; use safer, more sustainable raw materials; and establish a localized supply chain. This strategy will result in a reliable, cost-effective, and conflict-free supply chain.
View original content to download multimedia:
SOURCE Our Next Energy Inc. | https://www.wibw.com/prnewswire/2022/09/13/one-reveals-1007-whl-anode-free-cell-that-enables-600-mile-gemini-battery-architecture/ | 2022-09-13T05:25:41Z |
Update your paycheck deductions to maximize your money
Forego a tax refund to get more money now
InvestigateTV - Paycheck deductions dictate how much of your money goes straight to you and how much is set aside for taxes, retirement, insurance, and other expenses. Planning your deductions could put more money from each paycheck into your wallet, while also ensuring you do not owe taxes when you file.
Michael Joyce with the financial firm Agili said you want to make sure you’re not deducting too much from your paycheck.
”It may be a nice idea to get a big tax refund at the end of the year,” Agili said. “But really, you’ve been foregoing money in your paycheck that you could have been receiving before you got this tax refund.”
Joyce said you want to make sure you have more dollars in your pocket today, rather than more dollars in your pocket six months from now.
On the flip side, he said you also want to make sure you’re not withholding too little from your paycheck.
“You don’t want to be setting yourself up for a big tax surprise where not only do you have to pay more in taxes, but you could have a penalty for under withholding,” Joyce said.
Finally, he said if you’ve had any major life changes like a marriage, a baby, or a divorce, it’s important to think about those changes will impact your deductions.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/07/06/update-your-paycheck-deductions-maximize-your-money/ | 2022-07-06T19:06:21Z |
Some large drug store chains are limiting purchases of emergency contraception to three pills per customer, company representatives confirmed to CNN.
"Due to increased demand, at this time we are limiting purchases of Plan B contraceptive pills to three per customer," Alicja Wojczyk, senior manager of external communications for Rite Aid told CNN in an email.
Though CVS has "ample supply" of Plan B and Aftera -- two types of emergency contraception -- the company is limiting purchases to three per customer "to ensure equitable access and consistent supply on store shelves," Matt Blanchette, senior manager of retail communications at CVS Pharmacy told CNN in an email.
Emergency contraception reduces the chance of pregnancy after unprotected sex, according to the American College of Obstetricians and Gynecologists. Common situations when it is used include after forgetting to take several birth control pills or when a condom breaks or falls off.
The purchasing limits for emergency contraception come after the Supreme Court overturned Roe v. Wade on Friday. Several states immediately moved to effectively prohibit abortions.
"Using (emergency contraception) does not cause an abortion. An abortion ends an existing pregnancy. EC prevents pregnancy from occurring. EC must be used soon after unprotected sexual intercourse to be effective. It does not work if pregnancy has already occurred," ACOG said.
Pills, such as Plan B and Aftera, are one type of emergency contraception. Some can be bought over the counter and others require a prescription.
Copper intrauterine devices, or IUDs, can also be used as emergency contraception if inserted within about five days of intercourse.
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accounts, the history behind an article. | https://www.albanyherald.com/features/health/cvs-and-rite-aid-limiting-purchases-of-emergency-contraception/article_96e5046a-258f-586d-a2d0-de782b8115d9.html | 2022-06-28T14:27:54Z |
Al Jazeera journalist Shireen Abu Akleh’s brother slams violent actions of Israeli police at her funeral
By Kareem Khadder and Celine Alkhaldi, CNN
The brother of slain Al Jazeera journalist Shireen Abu Akleh Monday blasted the violent intervention by Israeli police into her funeral as “unacceptable and unjustifiable.”
“They could have easily blocked the road if they didn’t want to see the funeral leave the hospital but the attack was intentional and brutal,” Tony Abu Akleh told CNN.
Speaking at St. Joseph Hospital in East Jerusalem, where Friday’s funeral procession began, he said he had spoken to Israeli police before the event.
“The police called me and asked me to go to the police station and they wanted to know the route of the procession and the arrangements taken for the funeral. They asked us not to have any Palestinian flags risen, any slogans or chanting. They didn’t want to hear that,” Abu Akleh said.
“And they wanted to know the number of participating in the funeral procession. I told them I can’t give you any promises, I don’t have the numbers and I can’t control the crowd. This funeral is a national funeral for everyone to participate in. And that is what we saw,” he added.
The hospital condemned the “violent intrusion of the Israeli Police” in a statement on Monday.
St. Joseph Hospital called the events a “severe violation of international norms and regulations.”
“We, the Bishops and the faithful of the Christian Churches in the Holy Land, hereby condemn the violent intrusion of the Israeli Police into a funeral procession of the slain journalist Shireen Abu Akleh, as it was going from St. Joseph Hospital to the Greek-Melkite Cathedral Church,” the statement said.
“Israeli Police’s invasion and disproportionate use of force, attacking mourners, striking them with batons, using smoke grenades, shooting rubber bullets, frightening the hospital’s patients is a severe violation of international norms and regulations,” the statement added.
“The police assaulted the holiness of the site and the campus of the hospital and the funeral without consideration, knowing that the St. Joseph Hospital is under the auspices of the Vatican and protected by the French government,” it added.
In security camera footage shared by the hospital on Monday, more than a dozen police officers are seen pouring into the hospital building with batons drawn and moving aggressively through corridors. CNN has reached out to Israel Police for a response to the St. Joseph Hospital allegations.
Israeli Minister of Public Security Omer Bar-Lev told CNN on Saturday the police “acted to allow the funeral procession for journalist Shireen Abu Akleh to proceed in an orderly fashion, in coordination with her family and from a clear understanding of sensitivity and complexity of the event.
He added that “during the course of the funeral, severe violent events unfolded on the part of those participating that worsened the situation on the ground.”
Israeli authorities have said they will investigate the incident, with the police tweeting: “Israel Police supports its police officers, but as a professional organization that seeks to learn and improve, it will also draw lessons from the incident.”
Abu Akleh, 51, was shot and killed in Jenin on Wednesday. Palestinian and Israeli authorities are separately investigating the killing. Al Jazeera has accused Israel of intentionally killing the veteran journalist.
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™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
CNN’s Kareem Khadder reported from Jerusalem and Celine Alkhaldi reported from Amman, Jordan. | https://localnews8.com/news/national-world/cnn-europe-mideast-africa/2022/05/16/al-jazeera-journalist-shireen-abu-aklehs-brother-slams-violent-actions-of-israeli-police-at-her-funeral-2/ | 2022-05-16T20:27:25Z |
DALLAS (KDAF) — Texas is one of eight states in the country that don’t have state income tax along with Tennessee, Wyoming, Washington, South Dakota, Alaska, Florida and Nevada.
And according to a report from SmartAsset, that also means that Texas doesn’t tax retirement income. They’ve also shared some helpful facts about retiring in the Lone Star State:
- Texas is tax-friendly to retirees
- Social Security isn’t taxed
- Withdrawals from retirement accounts aren’t taxed
- Wagers are taxed at normal rates and marginal state tax rate is 0%
- Public/private pension incomes aren’t taxed
SmartAsset says, “Eleven states levy no income taxes on retirement income from any source. Others offer resident retirees varying degrees of exemptions from taxation on Social Security, retirement account distributions, pension payments and other types of retirement income. Some of the exemptions are generous enough that many retirees in those states won’t pay any income tax. Details such as the retiree’s income matter and vary by state, so it’s important to check with the state tax office for details before relocating to save on taxes.”
For more information including some tips on retirement and more, click here! | https://cw33.com/news/texas/did-you-know-texas-is-1-of-11-states-that-doesnt-tax-retirement-income/ | 2022-08-11T21:10:34Z |
Even if you watched the Emmy-winning 2019 HBO miniseries (recommended, incidentally), "Chernobyl: The Lost Tapes" has plenty to offer as a documentary companion, presenting a former Soviet Union where the fondness for lies and obfuscation has its share of contemporary parallels. It's another harrowing reminder of the danger when governments put protecting their image ahead of the population's safety.
British director James Jones is fluent in Russian, which certainly came in handy wading through the exhaustive documentation of the government's response to the 1986 nuclear-plant accident in then-Soviet-controlled Ukraine and its fallout.
"The relationship with the truth was complicated," one of the survivors recalls, while another -- exhibiting a flair for poetry -- observes of the radiation and its devastating effects, "The enemy there was everywhere and all the time, but it was invisible."
"Chernobyl" presents an array of voices, from those who were schoolchildren then to Soviet officials and plant personnel. That material is shaped into a methodical tick-tock of the initial response, portraying how slowly vital information reached the local population, the evacuation of residents and the reluctance to relay bad news to Moscow.
In addition to the testimony, Jones has access to some remarkable footage, such as helicopters fruitlessly dropping sand into the reactor from high above it, smiling "liquidators" shrugging off the threat to their health before going in to clean up the site, and news accounts at the time insisting that the risk was being exaggerated by Western media looking to embarrass the Soviet state.
As for that last concern, as the film soberingly notes, there has never been a full accounting of the lives lost: The official death toll related to Chernobyl remains at 31, compared to estimates that 200,000 people died as a result of the tragedy. That's despite very real fears exposed within the government that the accident would cause mass casualties and widespread contamination.
"Chernobyl: The Lost Tapes" isn't as readily accessible as a scripted drama, and the reliance on grainy footage creates some obvious limitations. Yet there's a visceral aspect to that, particularly in the cases of cancer diagnosed and graphic images of birth deformities witnessed in the disaster's wake.
Current events have helped bring Ukraine and the era of Soviet domination back into the headlines, but "Chernobyl" feels timely on a variety of fronts. At its core, the documentary exposes the toxic combination of a major tragedy and a highly secretive regime, yielding a tragedy that has lingered in the public consciousness in more ways than one.
"Chernobyl: The Lost Tapes" premieres June 22 at 9 p.m. ET on HBO, which, like CNN, is a unit of Warner Bros. Discovery.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/entertainment/chernobyl-the-lost-tapes-presents-a-harrowing-window-into-the-nuclear-disaster/article_80d60321-2a67-521f-98d1-5a2ce527404f.html | 2022-06-22T14:53:12Z |
CVS Health is asking pharmacists in some states to verify that a few of the prescriptions they provide will not be used end a pregnancy.
A spokesman said Thursday that the drugstore chain recently started doing this for methotrexate and misoprostol, two drugs used in medication abortions but also to treat other conditions.
Spokesman Mike DeAngelis said the policy started the first week in July in Alabama, Arkansas, Idaho, Oklahoma, and Texas.
The drugstore chain’s request comes after the U.S. Supreme Court last month overturned Roe v. Wade, the 1973 decision that had provided a constitutional right to abortion. The ruling is expected to lead to abortion bans in roughly half the states.
DeAngelis said state laws that restrict the dispensing of medications used for abortions have forced the company to start the validations. He noted that some of the laws come with criminal penalties.
The drugstore chain, which is based in Woonsocket, Rhode Island, is asking care providers to help by including their diagnosis on the prescriptions.
DeAngelis said CVS Health will still fill prescriptions for miscarriages or ectopic pregnancies, which grow outside the womb and are not viable.
“We will continue to focus on delivering care to our patients while complying with state laws and federal guidance that continues to evolve,” DeAngelis said in an email.
The Supreme Court decision has put pharmacies in the middle of an intense national debate. Earlier this month, the Biden administration warned pharmacies not to discriminate against women over the prescriptions they seek.
The administration noted that examples of discrimination could include a pharmacy that refuses to fill a prescription of misoprostol prescribed to help deal with a severe stomach ulcer.
Methotrexate also is used to treat several types of cancers as well as rheumatoid arthritis, according to the Mayo Clinic.
___
Follow Tom Murphy on Twitter: https://twitter.com/thpmurphy | https://cw33.com/health/ap-health/cvs-seeks-verification-on-drugs-with-possible-abortion-use/ | 2022-07-22T14:24:56Z |
CHARLOTTE, N.C., June 28, 2022 /PRNewswire/ -- Amwins, a global distributor of specialty insurance products and services, has announced a new partnership with FusionMGA providing retail brokers with exclusive access to cyber liability coverage for accounts without minimum cyber security controls in place, as well as complimentary access to proprietary cyber security tools and resources.
"FusionMGA is made up of well-respected cyber security specialists with a deep history in our industry," said David Lewison, executive vice president and national professional lines practice leader at Amwins. "This service-focused cyber product is offered exclusively through Amwins brokers utilizing our proprietary digital quoting portal. These tools and coverage will help retail brokers differentiate themselves from their competition and is ideal for small to middle market clients."
Business is written on an admitted basis with no multi-factor authentication (MFA) requirements, and the program offers insureds a host of cyber-risk assessment and analytic tools at no additional cost after binding. Other services include integrated endpoint security, attack surface assessment, internal threat detection, cyber awareness and training and a patented analytics engine that analyzes traffic identifying bad files, links, and other entry points of malicious activity.
"Today's cybercriminals are smarter and faster than ever, and for companies who are not proactively managing their cyber risk, they may not be able to find sufficient coverage," said Mike Cavanaugh, chief insurance officer at FusionMGA. "Through this strategic partnership, insureds gain access to meaningful cyber liability coverage while we help them implement the necessary security controls to avoid a breach. Just as cyber threats evolve, our coverage, capacity and services will enhance to keep pace."
FusionMGA enables retail brokers to provide cyber risk mitigation beyond the risk transfer of a cyber policy, without having to become a cybersecurity expert themselves. By utilizing innovative process-driven technology, scalability is a built-in advantage for this exclusive program.
Amwins is the largest independent wholesale distributor of specialty insurance products in the U.S., dedicated to serving retail insurance agents by providing property and casualty products, specialty group benefit products, and administrative services. Based in Charlotte, N.C., the company operates through more than 155 offices globally and handles premium placements in excess of $26.4 billion annually.
FusionMGA is a Cyber Insurtech MGA focused on the creation and distribution of Innovative Cyber Insurance products. Based out of Kansas City, the FusionMGA team has decades of experience in the Cyber Security and Cyber Insurance industries providing deeper insight into Cyber exposures. Working in collaboration with RiskAnalytics, FusionMGA leverages the RiskAnalytics patented cyber security platform to deliver a cutting-edge product that benefits the Insureds, Brokers, and Insurers. For more information, visit www.fusionmga.com.
For further information contact:
Amwins
Lisa Kuszmar
Telephone: 704.749.2780
Email: lisa.kuszmar@amwins.com
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SOURCE Amwins | https://www.mysuncoast.com/prnewswire/2022/06/28/amwins-partners-with-fusionmga-providing-exclusive-access-strategic-cyber-capacity/ | 2022-06-28T13:35:39Z |
By the End of 2022, Subaru and Retailers Will Have Donated 230,000 Blankets to Those Battling Cancer
CAMDEN, N.J., June 1, 2022 /PRNewswire/ -- Subaru of America, Inc. today announced that as part of its commitment to helping all people lead healthy lives, the automaker will partner with The Leukemia & Lymphoma Society® (LLS) for the seventh consecutive year for Subaru Loves to Care month in June.
In partnership with LLS, Subaru and 616 Subaru retailers will deliver warm blankets, arts and crafts kits, and handwritten messages of hope to patients bravely fighting cancer. By the end of the year, Subaru and its retailers will have delivered more than 230,000 blankets and thousands of messages of hope directly to patients. Additionally, during Subaru Loves to Care month from June 1-30, 2022, Subaru, the largest automotive donor to LLS, will match online gifts to LLS.org dollar-for-dollar up to $250,000 in total.
"At Subaru, we believe all people should have the opportunity to live comfortable and healthy lives, and with our retailers we're committed to spreading hope to blood cancer patients who are courageously living with cancer," said Alan Bethke, Senior Vice President of Marketing at Subaru of America. "We hope our donations and messages offer warmth and hope to these brave patients and their families."
Patients battling blood cancer are in the fight of their lives. Every three minutes in the U.S. a new person joins those diagnosed with leukemia, lymphoma or myeloma. The recovery is long and often leaves patients feeling weak, cold and isolated. The donation of blankets, arts and crafts kits, and messages of encouragement from Subaru is intended to provide hope and warmth, as well as show support for blood cancer patients nationwide.
"Supporting patients and families is central to everything we do at The Leukemia & Lymphoma Society, and meeting community needs is incredibly important to us," said Dr. Louis J. DeGennaro, LLS President and CEO. "Through our long-standing partnership with Subaru, together we deliver comfort and reassurance to blood cancer patients across the country, showing them that they are not alone. Subaru's generous contribution continues to fuel our mission, funding patient support, advocacy and pioneering research that breaks new ground in the fight against blood cancer."
Those looking to write a message of hope for patients in their community are invited to visit their local Subaru retailer. To learn more about Subaru Loves to Care, please visit www.subaru.com/care and follow #SubaruLovesToCare.
To learn more about the Subaru Love Promise, please visit www.subaru.com/lovepromise.
The Leukemia & Lymphoma Society® (LLS) is the global leader in the fight against blood cancer. The LLS mission: Cure leukemia, lymphoma, Hodgkin's disease and myeloma, and improve the quality of life of patients and their families. LLS funds lifesaving blood cancer research around the world, provides free information and support services, and is the voice for all blood cancer patients seeking access to quality, affordable, coordinated care.
Founded in 1949 and headquartered in Rye Brook, NY, LLS has regions throughout the United States and Canada. To learn more, visit www.LLS.org. Patients should contact the Information Resource Center at (800) 955-4572, Monday through Friday, 9 a.m. to 9 p.m. ET.
For additional information visit lls.org/lls-newsnetwork. Follow us on Facebook, Twitter, and Instagram.
Subaru of America, Inc. (SOA) is a wholly owned subsidiary of Subaru Corporation of Japan. Headquartered at a zero-landfill office in Camden, N.J., the company markets and distributes Subaru vehicles, parts and accessories through a network of more than 630 retailers across the United States. All Subaru products are manufactured in zero-landfill plants and Subaru of Indiana Automotive, Inc. is the only U.S. automobile manufacturing plant to be designated a backyard wildlife habitat by the National Wildlife Federation. SOA is guided by the Subaru Love Promise, which is the company's vision to show love and respect to everyone, and to support its communities and customers nationwide. Over the past 20 years, SOA and the SOA Foundation have donated more than $270 million to causes the Subaru family cares about, and its employees have logged nearly 78,000 volunteer hours. As a company, Subaru believes it is important to do its part in making a positive impact in the world because it is the right thing to do.
For additional information visit media.subaru.com. Follow us on Facebook, Twitter, and Instagram.
Diane Anton
Corporate Communications Manager
(856) 488-5093
danton@subaru.com
Jessica Caufield
Corporate Communications Specialist
(856) 488-3173
jcaufi@subaru.com
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SOURCE Subaru of America, Inc. | https://www.wibw.com/prnewswire/2022/06/01/subaru-supports-cancer-patients-nationwide-with-renewed-partnership-with-leukemia-amp-lymphoma-society/ | 2022-06-01T12:54:18Z |
‘His heart has given life’: Mother meets teen saved by receiving her son’s heart
METAIRIE, La. (WVUE/Gray News) - A Louisiana mother got the chance to hear her son’s heartbeat one more time, even after she lost him in a car crash.
WVUE reports Maria Peters Clark’s 25-year-old son Nicholas was killed in a crash in September 2020.
On Saturday, Clark got to meet 14-year-old Jean Paul Marceaux, who has her late son’s heart in his chest, thanks to Nicholas being an organ donor.
“I’m just feeling so much love and joy,” Clark said.
Marceaux and his mother, Candice Armstrong, met Clark together and brought a stethoscope so Clark could hear her son’s heartbeat.
“Oh my gosh! It’s so strong! Just to know that it’s in him,” Clark said. “His heart has given life to this young little boy and his family and so many others.”
Clark’s son said her son’s eyes are also helping others see.
“He’s given sight to two different women,” she said. “You get that call, and the doctors tell you that there’s nothing they can do for your loved one, and you have to make a choice.”
The Louisiana Organ Procurement Agency helped set up Saturday’s monumental meeting between the two families.
Marceaux suffered from a virus that affected his heart when he was 2-years-old. This is his second heart transplant, but now he said he is as strong and healthy as ever.
“I like to play baseball,” he said. “I want to be on a baseball team. I like to ride my bike.”
Armstrong said she hopes Clark can feel some comfort after losing her son.
“I just hope it gives (Clark) some comfort; that’s my ultimate hope,” Armstrong said.
Clark said that her heart was full during Saturday’s meeting.
“I’m happy to know that this young man can live a healthy life and be vibrant and continue on his life,” she said. “And I’m just so honored to be a part of that.”
Copyright 2022 WVUE via Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/05/14/his-heart-has-given-life-mother-meets-teen-saved-by-receiving-her-sons-heart/ | 2022-05-15T00:13:12Z |
After paychecks bounce, all restaurant employees quit
LAS VEGAS (KSNV) - A bakery-style restaurant in Las Vegas is closed after all of its employees walked off the job. They say their first checks after working two weeks bounced.
Things got ugly Saturday afternoon between employees and the owner of Bread Factory at Tivoli Village. The restaurant has been open for less than a month, and already employees say their first checks bounced July 5.
“I wasn’t the only one in the negative. The cook was negative $1,000. There was a baker negative $300. Everyone was reaching negatives because we had this money that we earned that just got bounced,” employee Melanie Pilar said.
Pilar and another employee, Precious Lopez, say the restaurant owner, Sungwon Kim, didn’t seem eager to make things right.
“He was like, ‘I don’t understand why you guys can’t wait until tomorrow. It’s just one day.’ And I explained to him, ‘Why we should wait when this was money owed to us for the 80-plus hours we all worked for you guys?’” Lopez said.
The employees say it took all eight of them threatening to walk out for Kim and his attorney to show up with cash, but still, they say he tried to short them.
Lopez, who was promoted to manager, says she saw red flags weeks ago.
“He said the rent here was $20,000 dollars, his utilities were $3,000 and because he’s not making enough money, it was my job to just fire all his people,” she said.
Kim blames the checks bouncing on another manager who failed to make a bank deposit before leaving the country.
The restaurant will remain closed until the employees can be replaced.
Copyright 2022 KSNV via CNN Newsource. All rights reserved. | https://www.kxii.com/2022/07/11/after-paychecks-bounce-all-restaurant-employees-quit/ | 2022-07-11T06:12:06Z |
PITTSBURGH, June 1, 2022 /PRNewswire/ -- The United Steelworkers (USW) today said that members ratified a new, four-year master contract with Arconic (NYSE: ARNC) covering roughly 3,400 workers in Davenport, Iowa; Alcoa, Tenn.; Lafayette, Ind.; and Massena, N.Y.
USW District 11 Director Emil Ramirez, who chaired the negotiations, said that workers showed solidarity to win substantial economic and contract language improvements for Arconic employees.
"The unity of our membership across all of the Arconic locations put us in position to negotiate more secure jobs with improved wages and excellent benefits," Ramirez said. "When union workers stand together in the name of fairness and justice, there are no limits to what we can accomplish."
Ramirez credited strong local union leadership for voicing members' concerns at the table.
"Our local union representatives' strong voices in negotiations were crucial in making sure the issues most important to the membership were addressed," he said.
The newly ratified contract increases wages by 22 percent over the next four years, provides $4,000 in essential worker appreciation bonus paid in two payments, adds Martin Luther King Jr. Day as a holiday, increases shift and schedule premiums, improves vacation for new hires, increases retirement income security, raises weekly Sickness & Accident benefits, adopts a formulary for specialty drugs and maintains the current medical coverage with no increases in employee premiums, deductibles or office visit copays.
The new agreement also improves the overall health, safety and environment language. It strengthens requirements that the company eliminate the known risks posed by equipment, applies the hierarchy of controls, improves language on personal protective equipment, secures and strengthens the activities of the Union-Management Health & Safety Committee and enhances employee rights to stop work that they believe to be unsafe or unhealthy.
The USW represents 850,000 men and women employed in metals, mining, pulp and paper, rubber, chemicals, glass, auto supply and the energy-producing industries, along with a growing number of workers in tech, higher education, public sector and service occupations.
More information, contact: Tony Montana – (412) 562-2592 or tmontana@usw.org
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SOURCE United Steelworkers (USW) | https://www.kxii.com/prnewswire/2022/06/02/union-members-ratify-four-year-agreement-with-arconic/ | 2022-06-02T02:14:25Z |
OKLAHOMA CITY, July 1, 2022 /PRNewswire/ -- Ascent Resources, LLC (together with its subsidiaries, "Ascent" or the "Company") announced today that it has entered into a Purchase and Sale Agreement with an undisclosed seller to acquire all of its assets in the Utica Shale in Ohio for a total purchase price of $270 million, subject to customary closing purchase price adjustments. Ascent intends to fund the transaction with a combination of cash on hand and borrowings under its revolving credit facility ("Credit Facility"). The Company has also entered into an amended and restated credit agreement with a syndicate of banks to extend the maturity of the Credit Facility to June 2027 while increasing the borrowing base and elected commitment amount to $3.0 billion and $2.0 billion, respectively. The Credit Facility will be governed by the lessor of the borrowing base and the elected commitment amount.
The acquisition expands Ascent's asset base in the Ohio Utica Shale play by ~26,800 net acres and increases net production by approximately 60 mmcfe/d. The Company already holds working interests in a material portion of the acquired production and, as such, is very familiar with the acquired acreage. In addition, the acquisition comes with a substantial inventory of identified drilling locations in both the Utica and Marcellus which we expect to add high margin cash flow in the future. The acquisition requires no incremental overhead or external financing and is immediately accretive to Adjusted Free Cash Flow and corporate returns. Consistent with past practice, the Company has hedged a significant portion of the expected production from the asset to capture the strong economics and returns offered in the current market.
Jeff Fisher, Ascent's Chairman and Chief Executive Officer, commented, "We are excited to announce these strategic transactions as they highlight both our operational and financial execution. Through the acquisition we have added high quality acreage and production in the core of the Utica Shale at an attractive valuation, while also picking up prospective locations in the Marcellus. This transaction is immediately accretive to our financial metrics and returns while adding high-quality undeveloped inventory to our portfolio. The extension and increase of our credit facility provides the business with additional access to capital to execute on our long-term returns based strategy."
About Ascent Resources:
Ascent is one of the largest private producers of natural gas in the United States and is focused on acquiring, developing, producing, and operating natural gas and oil properties located in the Utica Shale in southern Ohio. With a continued focus on good corporate citizenship, Ascent is committed to delivering low-cost clean-burning energy to our country and the world, while reducing environmental impacts. For more information, visit www.ascentresources.com.
This press release contains forward-looking statements within the meaning of U.S. federal securities laws. Forward-looking statements in this press release include, but are not limited to, statements regarding the transaction. These statements are not guarantees of future performance and are subject to known and unknown risks and uncertainties. Actual results may vary materially from those expressed or implied in this press release. These statements are made as of the date of this press release and Ascent undertakes no duty or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
Contact:
Chris Benton
Director – Finance and Investor Relations
405-252-7850
chris.benton@ascentresources.com
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SOURCE Ascent Resources Utica Holdings, LLC | https://www.wibw.com/prnewswire/2022/07/01/ascent-resources-llc-announces-utica-shale-bolt-on-acquisition-extension-revolving-credit-facility-maturity-borrowing-base-increase/ | 2022-07-01T15:54:24Z |
Lawrence holds parade to celebrate Jayhawks NCAA Championship
LAWRENCE, Kan. (WIBW) - The celebration tour finally reached it’s pinnacle moment. Kansas loaded up the wagons and took to Mass Street where tens of thousands of screaming Rock Chalk fans were there to celebrate.
The whole team - coaching staff, players, managers, cheerleads, band - packed inside cars and cruised down Mass Street. There were fans on the ground, in the trees, holding signs and getting autographs.
The coolest part was the ride Coach Bill Self had. He road in a 1959 corvette. It’s the same one he road in back in 2008 after winning the NCAA Championship. Former Jayhawks head coach Larry Brown also road in the same car back in 1988 while celebrating the Jayhawks NCAA Championship.
This was a special moment for the massive Jayhawk Nation to celebrate their team and that team appreciated the love.
“When you win, everyone benefits,” Bill Self, Kansas head basketball coach, said. “The pies big enough for everybody if you win enough and certainly I think there’s a lot of people that can benefit from this basketball team having success.”
“Just all the love and support we’re getting it’s crazy because that’s why we do it,” Ochai Agbaji, Kansas guard, said. “That’s why we went all the way. That’s why we push for that so hard.”
“It’s super special. These fans they mean so much to us,” Mitch Lightfoot, Kansas forward, said. “They care so much about this place and we care about them.”
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/04/11/lawrence-holds-parade-celebrate-jayhawks-ncaa-championship/ | 2022-04-11T05:32:11Z |
LOS ANGELES, Sept. 13, 2022 /PRNewswire/ -- MeWe, a 20 million-member, privacy-first, social network committed to protecting user data, today announced the close of a $27-million investment round led by McCourt Global.
"As a values-driven company, we are pleased to have the support of values-driven investors," said MeWe Chairman and CEO Jeffrey Edell. "This latest round of capital led by McCourt Global will help more people enjoy the benefits of a social media platform that doesn't exploit its members and sell their data. We are thrilled for this additional support that will allow us to grow MeWe's privacy-centered social media model even further."
The round included $12 million from previous investors and $15 million in strategic financing from McCourt Global. Led by CEO Frank McCourt, McCourt Global is committed to building a better future through its work across the real estate, sports, technology, media, and finance industries, as well as its significant philanthropic activities.
MeWe is a breakthrough social network engineered to respect personal privacy and avoid algorithmic manipulation – allowing for authentic relationships and community to thrive. Its global membership, which currently spans North America, Europe and Asia, has created over 600,000 interest groups to date. With members divided equally between U.S. and international audiences, MeWe's free service is available in 20 languages.
MeWe has a different business model than other social media networks and doesn't depend on selling user data. Instead, it offers paid premium service granting members additional services like cloud storage and custom emojis. MeWe gives members full control of their newsfeed and content for authentic sharing with friends, family, people with common interests, as well as following celebrities, artists, and influencers without the manipulation of ads or algorithms.
With the injection of capital from McCourt Global, MeWe will work to optimize the benefits of social media, continue to uphold their commitment to reject financial models that exploit member data, and expand the company's global footprint. It will also advance the shared vision of a healthier digital ecosystem where members have more control over their personal information and online networks without manipulation by algorithms.
"Our stake in MeWe reflects our desire to give the power of the internet back to people and put individuals in control of their personal data," said Frank McCourt. "We are eager to advance new models of innovation that empower internet users, help restore trust and privacy rights, and pave the way for a more equitable digital economy. Our investment in MeWe is not just about supporting one company's unique and socially conscious approach to digital engagement, it's ultimately about investing in a healthier digital community and society."
About MeWe
MeWe is a privacy-first social network that allows you to join groups, enjoy your friends, and puts you in complete control without ads or algorithms. With 20 million members worldwide, and unique features such as the MeWe 2-way camera, MeWe is host to over 600,000 member-driven interest groups. The company offers a groundbreaking "Privacy Bill of Rights'' which guarantees members control of their data and newsfeeds. MeWe encourages authentic engagement between members by not manipulating or amplifying content and safeguards its members with strong Terms of Service.
In 2016, MeWe was honored as Start-Up of the Year Finalist for "Innovative World Technology" at SXSW. MeWe's Board of Directors includes Jeffrey Edell, Divya Narendra, Braxton Woodham, Max Duncan, Jonathan Wolfe, and Jason Hardy. Advisors to MeWe include the father of the World Wide Web, Sir Tim Berners-Lee, Apple co-founder Steve Wozniak, and filmmaker Cullen Hoback.
About McCourt Global
McCourt Global (MG) is a private family company committed to building a better future for all through its work across the real estate, sports, technology, media, and finance industries, as well as its significant philanthropic activities. Led by civic entrepreneur Frank McCourt, MG is dedicated to extending the McCourt family's 130-year legacy of merging community and social impact with financial results, an approach that started when the original McCourt Company was launched in Boston in 1893. MG's multiple businesses include Ligue 1 football club Olympique de Marseille, an international real estate portfolio, a technology development lab focused on creating a healthier digital society, and a private investment platform with over $1 billion in permanent capital. In 2021, MG announced the launch of Project Liberty, an initiative to transform how the internet works and create a new civic architecture for the digital world; and, in partnership with Sciences Po in Paris and Georgetown University in Washington, D.C., established the McCourt Institute to ensure that digital governance is core to the next generation of the web. MG powers Unfinished, an impact network reimagining the future to create a thriving democracy and just economy; and hosts the annual Unfinished Live convening in New York City in September. MG's philanthropic activities include its foundational support for Georgetown University's McCourt School of Public Policy and The Shed in New York City.
Contact:
Emily Schwartz
press@mewe.com
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SOURCE MeWe | https://www.wibw.com/prnewswire/2022/09/13/privacy-driven-social-network-mewe-announces-close-27m-investment-round/ | 2022-09-13T19:11:36Z |
Renowned Stop-Motion Feature
Returns to the Big Screen for ONE NIGHT ONLY – August 15
DENVER, July 27, 2022 /PRNewswire/ -- Fathom Events, alongside LAIKA and Park Circus, are bringing the fan favorite CORALINE back to theaters this summer. Exclusive to the Fathom Event is a special bonus behind-the-scenes featurette "Coraline: A Handmade Fairytale."
Directed by Henry Selick (The Nightmare Before Christmas, James and the Giant Peach) and based on the novella of the same name by author Neil Gaiman (Sandman), Coraline is a wondrous, thrilling, fun and suspenseful adventure. A young girl walks through a secret door in her new home and discovers an alternate version of her life. On the surface, this parallel reality is eerily similar to her real life – only much better. But when this wondrously off-kilter, fantastical adventure turns dangerous and her counterfeit parents try to keep her forever, Coraline must count on her resourcefulness, determination, and bravery to save her family and get back home. The voice cast includes Dakota Fanning, Teri Hatcher, Ian McShane, Jennifer Saunders and Dawn French. Produced by Henry Selick, Claire Jennings, Bill Mechanic and Mary Sandell. Written for the screen and directed by Henry Selick.
Tickets for CORALINE are on sale NOW and can be purchased at www.FathomEvents.com or participating theater box offices. For a complete list of theater locations, visit the Fathom Events website (participating theaters are subject to change).
For artwork/photos, visit the Fathom Events press site.
View Trailer HERE.
About Fathom Events
Fathom is a recognized leader in the entertainment industry as one of the top distributors of content to movie theaters in North America. Owned by AMC Entertainment Inc. (NYSE: AMC); Cinemark Holdings, Inc. (NYSE: CNK); and Regal, a subsidiary of the Cineworld Group (LSE: CINE.L), Fathom operates the largest cinema distribution network, delivering a wide variety of programming and experiences to cinema audiences in all of the top U.S. markets and to more than 45 countries. For more information, visit www.FathomEvents.com.
About LAIKA
LAIKA was founded in 2005 in Oregon by President & CEO Travis Knight. The studio's five films Coraline (2009), ParaNorman (2012), The Boxtrolls (2014), Kubo and the Two Strings (2016) and Missing Link (2019) have all been nominated for the Academy Award® for Outstanding Animated Feature. Kubo and the Two Strings won the BAFTA® Award for Best Animated Film and received an additional Oscar® nomination for Visual Effects. Missing Link was awarded the Golden Globe® for Best Animated Film. LAIKA was awarded a Scientific and Technology Oscar® in 2016 for its innovation in 3D printing. LAIKA is currently in production on its next animated film Wildwood. The studio is developing The Night Gardener, an animated film from an original idea by Bill Dubuque, creator of the hit series Ozark as well as its first live action feature film based on the action thriller novel Seventeen by screenwriter John Brownlow. LAIKA.com
About Park Circus
Park Circus Group is a leading all-rights sales agency and distribution company representing the greatest names in filmed entertainment. Our classic films distribution and sales divisions represent the major Hollywood and British studios including Metro-Goldwyn-Mayer Studios, Paramount Pictures, Sony Pictures Releasing International, Disney, Universal Pictures, Warner Bros. Pictures, LAIKA, Film4 and ITV Studios as well as a large number of independent producers and rights holders. Operating worldwide, the company aims to enable audiences to experience classic and contemporary cinematic content, through working with theatrical exhibition, television, digital and home entertainment partners. www.parkcircus.com
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SOURCE Fathom Events | https://www.kxii.com/prnewswire/2022/07/27/fathom-events-laika-park-circus-team-up-bring-fan-favorite-coraline-back-theaters/ | 2022-07-27T17:09:35Z |
Reports Higher NGL and Natural Gas Volumes
TULSA, Okla., May 3, 2022 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced first quarter 2022 results and affirmed full-year 2022 financial guidance.
First Quarter 2022 Results, Compared With First Quarter 2021:
- Net income increased to $391.2 million, resulting in 87 cents per diluted share (EPS).
- Adjusted EBITDA of $863.9 million.
- 24% increase in EPS, excluding the impact of Winter Storm Uri in the first quarter 2021.
- 11% increase in adjusted EBITDA, excluding the impact of Winter Storm Uri in the first quarter 2021.
- 17% increase in total NGL raw feed throughput volumes.
- 24% increase in Rocky Mountain region NGL raw feed throughput volumes.
- 11% increase in Rocky Mountain region natural gas volumes processed.
"ONEOK's first quarter 2022 results were driven by higher NGL and natural gas volumes," said Pierce H. Norton II, ONEOK president and chief executive officer. "Current events continue to demonstrate the importance of natural gas and NGLs in a long-term energy transformation and highlight the critical role ONEOK plays in providing essential energy products and services," added Norton.
FIRST QUARTER 2022 FINANCIAL HIGHLIGHTS
(a) Amounts for the three months ended March 31, 2021, include a benefit of $69.5 million, or 16 cents per diluted share after-tax, related to the impact of Winter Storm Uri.
(b) Adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) is a non-GAAP measure. Reconciliation to the relevant GAAP measure is included in this news release.
(c) Amount for the three months ended March 31, 2021, includes a benefit of approximately $90 million related to the impact of Winter Storm Uri.
FIRST QUARTER 2022 FINANCIAL PERFORMANCE
ONEOK's net income and adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) were $391.2 million and $863.9 million, respectively, in the first quarter 2022. Results benefited from higher natural gas liquids (NGL) and natural gas volumes, and higher average fee rates in the natural gas liquids segment. Net income for the period also benefited from lower interest expense related to lower debt balances and increased capitalized interest.
First quarter 2021 financial results included the net positive impact of approximately $90 million in adjusted EBITDA related to Winter Storm Uri, primarily related to increased natural gas sales.
HIGHLIGHTS:
- Rocky Mountain region NGL raw feed throughput volumes reached more than 385,000 barrels per day (bpd) in April 2022.
- Rocky Mountain region natural gas processed volumes reached more than 1.4 billion cubic feet per day (Bcf/d) in April 2022.
- More than 90 wells connected in the Rocky Mountain region in the first quarter 2022.
- Construction of the 125,000 bpd MB-5 fractionator in Mont Belvieu, Texas, is now expected to be complete in the second quarter 2023.
- Natural gas storage capacity expansions:
- In April 2022, Moody's updated ONEOK's ratings outlook to 'positive' and affirmed the company's investment-grade credit rating.
- In April 2022, ONEOK declared a quarterly dividend of 93.5 cents per share, or $3.74 per share on an annualized basis.
- As of March 31, 2022:
BUSINESS SEGMENT RESULTS:
Natural Gas Liquids Segment
The increase in first quarter 2022 adjusted EBITDA, compared with the first quarter 2021, primarily reflects:
- A $58.3 million increase in exchange services (excluding the impact of Winter Storm Uri in 2021 discussed below) due primarily to:
- A $46.2 million increase in exchange services due primarily to the unfavorable impact of Winter Storm Uri in the first quarter 2021, which resulted in lower volumes across ONEOK's operations and increased electricity costs; offset by
- A $4.3 million decrease in optimization and marketing due primarily to favorable nonrecurring activities in the first quarter 2021 during Winter Storm Uri, offset partially by wider location and commodity price differentials in the first quarter 2022.
Natural Gas Gathering and Processing Segment
The increase in first quarter 2022 adjusted EBITDA, compared with the first quarter 2021, primarily reflects:
- A $24.9 million increase from higher volumes due primarily to increased producer activity in the Rocky Mountain region, offset partially by volume declines in the Mid-Continent region; offset by
- A $6.2 million decrease due primarily to lower realized natural gas prices due to the impact of hedging; and
- A $7.9 million increase in operating costs due primarily to higher materials and supplies expense, and higher outside services expenses primarily related to the growth of ONEOK's operations.
Natural Gas Pipelines Segment
The decrease in first quarter 2022 adjusted EBITDA, compared with the first quarter 2021, primarily reflects:
- A $125.4 million decrease due to increased sales of natural gas previously held in inventory, interruptible transportation revenue and park-and-loan activity related to Winter Storm Uri in the first quarter 2021; offset by
- A $7.2 million increase due primarily to higher average prices on sales of natural gas previously held in inventory, excluding the impact of Winter Storm Uri in the first quarter 2021 discussed above;
- A $6.8 million increase in transportation services due primarily to higher interruptible transportation revenue, excluding the impact of Winter Storm Uri in the first quarter 2021 discussed above, and higher firm transportation rates; and
- A $5.1 million increase in storage services due primarily to higher storage rates.
EARNINGS CONFERENCE CALL AND WEBCAST:
ONEOK executive management will conduct a conference call at 11 a.m. Eastern Daylight Time (10 a.m. Central Daylight Time) on May 4, 2022. The call also will be carried live on ONEOK's website.
To participate in the telephone conference call, dial 888-254-3590, pass code 5317668, or log on to www.oneok.com.
If you are unable to participate in the conference call or the webcast, the replay will be available on ONEOK's website, www.oneok.com, for 90 days. A recording will be available by phone for seven days. The playback call may be accessed at 888-203-1112, pass code 5317668.
LINK TO EARNINGS TABLES AND PRESENTATION:
https://ir.oneok.com/financial-information/financial-reports/2022
NON-GAAP (GENERALLY ACCEPTED ACCOUNTING PRINCIPLES) FINANCIAL MEASURES:
ONEOK has disclosed in this news release adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA), which is a non-GAAP financial metric, used to measure the company's financial performance. Adjusted EBITDA is defined as net income adjusted for interest expense, depreciation and amortization, noncash impairment charges, income taxes, noncash compensation expense, allowance for equity funds used during construction (equity AFUDC), and other noncash items.
Adjusted EBITDA is useful to investors because it, and similar measures, is used by many companies in the industry as a measure of financial performance and is commonly employed by financial analysts and others to evaluate ONEOK's financial performance and to compare the company's financial performance with the performance of other companies within the industry. Adjusted EBITDA should not be considered in isolation or as a substitute for net income or any other measure of financial performance presented in accordance with GAAP.
This non-GAAP financial measure excludes some, but not all, items that affect net income. Additionally, this calculation may not be comparable with similarly titled measures of other companies. A reconciliation of net income to adjusted EBITDA is included in the tables.
ONEOK, Inc. (pronounced ONE-OAK) (NYSE:OKE) is a leading midstream service provider and owner of one of the nation's premier natural gas liquids (NGL) systems, connecting NGL supply in the Rocky Mountain, Mid-Continent and Permian regions with key market centers and an extensive network of natural gas gathering, processing, storage and transportation assets.
ONEOK is a FORTUNE 500 company and is included in S&P 500.
For information about ONEOK, visit the website: www.oneok.com.
For the latest news about ONEOK, find us on LinkedIn, Instagram, Facebook and Twitter.
This news release contains certain "forward-looking statements" within the meaning of federal securities laws. Words such as "anticipates," "believes," "continues," "could," "estimates," "expects," "forecasts," "goal," "target," "guidance," "intends," "may," "might," "outlook," "plans," "potential," "projects," "scheduled," "should," "will," "would," and similar expressions may be used to identify forward-looking statements. Forward-looking statements are not statements of historical fact and reflect our current views about future events. Such forward-looking statements include, but are not limited to, statements about the benefits of the transaction involving us, including future financial and operating results, our plans, objectives, expectations and intentions, and other statements that are not historical facts, including future results of operations, projected cash flow and liquidity, business strategy, expected synergies or cost savings, and other plans and objectives for future operations. No assurances can be given that the forward-looking statements contained in this news release will occur as projected and actual results may differ materially from those projected.
Forward-looking statements are based on current expectations, estimates and assumptions that involve a number of risks and uncertainties, many of which are beyond our control, and are not guarantees of future results. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. These risks and uncertainties include, without limitation, the following:
- the length, severity and reemergence of a pandemic or other health crisis, such as the COVID-19 pandemic and the measures that international, federal, state and local governments, agencies, law enforcement and/or health authorities implement to address it, which may (as with COVID-19) precipitate or exacerbate one or more of the factors herein, reduce the demand for natural gas, NGLs and crude oil and significantly disrupt or prevent us and our customers and counterparties from operating in the ordinary course for an extended period and increase the cost of operating our business;
- operational challenges relating to the COVID-19 pandemic and efforts to mitigate the spread of the virus, including logistical challenges, protecting the health and well-being of our employees, remote work arrangements, performance of contracts and supply chain disruption;
- the impact on drilling and production by factors beyond our control, including the demand for natural gas and crude oil; producers' desire and ability to drill and obtain necessary permits; regulatory compliance; reserve performance; and capacity constraints and/or shut downs on the pipelines that transport crude oil, natural gas and NGLs from producing areas and our facilities;
- risks associated with adequate supply to our gathering, processing, fractionation and pipeline facilities, including production declines that outpace new drilling, the shutting-in of production by producers, actions taken by federal, state or local governments to require producers to prorate or to cut their production levels as a way to address any excess market supply situations or extended periods of ethane rejection;
- demand for our services and products in the proximity of our facilities;
- economic climate and growth in the geographic areas in which we operate;
- the risk of a slowdown in growth or decline in the United States or international economies, including liquidity risks in United States or foreign credit markets;
- the possibility of future terrorist attacks or the possibility or occurrence of an outbreak of, or changes in, hostilities or changes in the political conditions throughout the world, including the current conflict in Ukraine and the surrounding region;
- performance of contractual obligations by our customers, service providers, contractors and shippers;
- the effects of changes in governmental policies and regulatory actions, including changes with respect to income and other taxes, pipeline safety, environmental compliance, cybersecurity, climate change initiatives, emissions credits, carbon offsets, carbon pricing, production limits and authorized rates of recovery of natural gas and natural gas transportation costs;
- changes in demand for the use of natural gas, NGLs and crude oil because of the development of new technologies or other market conditions caused by concerns about climate change;
- the impact of the transition to a lower-carbon economy, including the timing and extent of the transition, as well as the expected role of different energy sources, including natural gas, NGLs and crude oil, in such a transition;
- the pace of technological advancements and industry innovation, including those focused on reducing GHG emissions and advancing other climate-related initiatives, and our ability to take advantage of those innovations and developments;
- the effectiveness of our risk-management function, including mitigating cyber- and climate-related risks;
- our ability to identify and execute opportunities, and the economic viability of those opportunities, including those relating to renewable natural gas, carbon capture, use and storage, other renewable energy sources such as solar and wind and alternative low carbon fuel sources such as hydrogen;
- the ability of our existing assets and our ability to apply and continue to develop our expertise to support the growth of, and transition to, various renewable and alternative energy opportunities, including through the positioning and optimization of our assets;
- our ability to efficiently reduce our GHG emissions (both Scope 1 and 2 emissions), including through the use of lower carbon power alternatives, management practices and system optimizations;
- the necessity to focus on maintaining and enhancing our existing assets while reducing our Scope 1 and 2 GHG emissions;
- the effects of weather and other natural phenomena and the effects of climate change (including physical and transition-related effects) on our operations, demand for our services and energy prices;
- acts of nature, sabotage, terrorism or other similar acts that cause damage to our facilities or our suppliers', customers' or shippers' facilities;
- the risk of increased costs for insurance premiums, security or other items as a consequence of terrorist attacks;
- the timing and extent of changes in energy commodity prices, including changes due to production decisions by other countries, such as the failure of countries to abide by agreements to reduce production volumes;
- competition from other United States and foreign energy suppliers and transporters, as well as alternative forms of energy, including, but not limited to, solar power, wind power, geothermal energy and biofuels such as ethanol and biodiesel;
- the ability to market pipeline capacity on favorable terms, including the effects of:
- the efficiency of our plants in processing natural gas and extracting and fractionating NGLs;
- the composition and quality of the natural gas and NGLs we gather and process in our plants and transport on our pipelines;
- risks of marketing, trading and hedging activities, including the risks of changes in energy prices or the financial condition of our counterparties;
- our ability to control operating costs and make cost-saving changes;
- the risks inherent in the use of information systems in our respective businesses and those of our counterparties and service providers, including cyber-attacks, which, according to experts, have increased in volume and sophistication since the beginning of the COVID-19 pandemic; implementation of new software and hardware; and the impact on the timeliness of information for financial reporting;
- the timely receipt of approval by applicable governmental entities for construction and operation of our pipeline and other projects and required regulatory clearances;
- the ability to recover operating costs and amounts equivalent to income taxes, costs of property, plant and equipment and regulatory assets in our state and Federal Energy Regulatory Commission (FERC)-regulated rates;
- the results of governmental actions, administrative proceedings and litigation, regulatory actions, executive orders, rule changes and receipt of expected clearances involving any local, state or federal regulatory body, including the FERC, the National Transportation Safety Board, Homeland Security, the Pipeline and Hazardous Materials Safety Administration (PHMSA), the U.S. Environmental Protection Agency (EPA) and the U.S. Commodity Futures Trading Commission (CFTC);
- the mechanical integrity of facilities and pipelines operated;
- the capital-intensive nature of our businesses;
- the impact of unforeseen changes in interest rates, debt and equity markets, inflation rates, economic recession and other external factors over which we have no control, including the effect on pension and postretirement expense and funding resulting from changes in equity and bond market returns;
- actions by rating agencies concerning our credit;
- our indebtedness and guarantee obligations could make us vulnerable to general adverse economic and industry conditions, limit our ability to borrow additional funds and/or place us at competitive disadvantages compared with our competitors that have less debt or have other adverse consequences;
- our ability to access capital at competitive rates or on terms acceptable to us;
- our ability to acquire all necessary permits, consents or other approvals in a timely manner, to promptly obtain all necessary materials and supplies required for construction, and to construct gathering, processing, storage, fractionation and transportation facilities without labor or contractor problems;
- our ability to control construction costs and completion schedules of our pipelines and other projects;
- difficulties or delays experienced by trucks, railroads or pipelines in delivering products to or from our terminals or pipelines;
- the uncertainty of estimates, including accruals and costs of environmental remediation;
- the impact of uncontracted capacity in our assets being greater or less than expected;
- the impact of potential impairment charges;
- the profitability of assets or businesses acquired or constructed by us;
- the risks associated with pending or possible acquisitions and dispositions, including our ability to finance or integrate any such acquisitions and any regulatory delay or conditions imposed by regulatory bodies in connection with any such acquisitions and dispositions;
- the risk that material weaknesses or significant deficiencies in our internal controls over financial reporting could emerge or that minor problems could become significant;
- the impact and outcome of pending and future litigation;
- the impact of recently issued and future accounting updates and other changes in accounting policies; and
- the risk factors listed in the reports we have filed, which are incorporated by reference and may file with the SEC.
These reports are also available from the sources described below. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made. ONEOK undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or changes in circumstances, expectations or otherwise.
The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included herein and elsewhere, including the Risk Factors included in the most recent reports on Form 10-K and Form 10-Q and other documents of ONEOK on file with the SEC. ONEOK's SEC filings are available publicly on the SEC's website at www.sec.gov.
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SOURCE ONEOK, Inc. | https://www.mysuncoast.com/prnewswire/2022/05/03/oneok-announces-higher-first-quarter-2022-net-income-affirms-2022-financial-guidance/ | 2022-05-03T20:46:47Z |
NEW YORK, May 5, 2022 /PRNewswire/ -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Silicon Motion Technology Corporation (NASDAQ: SIMO)'s sale to MaxLinear, Inc. Per the agreement, each American Depositary Share of Silicon Motion will receive $93.54 in cash and 0.388 shares of MaxLinear common stock. If you are a Silicon Motion shareholder, click here to learn more about your rights and options.
American Campus Communities, Inc. (NYSE: ACC)'s sale to Blackstone related entities for $65.47 per share in cash. If you are an American Campus shareholder, click here to learn more about your rights and options.
Natus Medical Incorporated (NASDAQ: NTUS)'s sale to an affiliate of ArchiMed for $33.50 in cash per share. If you are a Natus Medical shareholder, click here to learn more about your rights and options.
Flexible Solutions International, Inc. (NYSE: FSI)'s merger with Lygos, Inc. If you are a Flexible Solutions shareholder, click here to learn more about your rights and options.
NEOGEN Corporation (NASDAQ: NEOG)'s merger with 3M's Food Safety business. Under the merger, NEOGEN will issue shares to 3M shareholders such that existing NEOGEN shareholders will own approximately 49.9% of the combined company. 3M will also receive consideration valued at approximately $1 billion, subject to closing and other adjustments. If you are a NEOGEN shareholder, click here to learn more about your rights and options.
Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders.
Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email sadeh@halpersadeh.com or zhalper@halpersadeh.com.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Halper Sadeh LLP
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
sadeh@halpersadeh.com
zhalper@halpersadeh.com
https://www.halpersadeh.com
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SOURCE Halper Sadeh LLP | https://www.kxii.com/prnewswire/2022/05/06/shareholder-investigation-halper-sadeh-llp-investigates-simo-acc-ntus-fsi-neog/ | 2022-05-06T05:18:42Z |
(WIVB) – Anita Alvarez, a two-time Olympian from New York, had a scare Wednesday when she passed out in the pool during the FINA World Championships in Budapest, Hungary. But her coach said on social media that Alvarez is doing fine, and has been cleared by doctors.
Alvarez passed out at the end of her solo routine in artistic swimming, formerly known as synchronized swimming. Andrea Fuentes, Alvarez’s coach, jumped in to rescue Alvarez from the bottom of the pool, lifting her to the surface. Another person helped Fuentes lift the swimmer out of the water, before she was placed on a stretcher.
“Anita’s solo was so good too, it was her best performance ever, she just pushed through her limits and she found them,” Fuentes later wrote on Instagram. “But Anita is OK and the doctors also said she is fine.
“We all know it happens in other sports: cycling, marathon, track and field … some don’t make it to the final line and some even finish crawling or passing out,” Fuentes added. “Our sport is very hard too. Now it’s time to rest and recover. Tomorrow is highlight day and free duet finals! Ready to give our best.”
Alvarez scored 87.6333 in the women’s solo free artistic swimming event, placing seventh.
Alvarez had previously passed out in the pool during an Olympic qualifying event in 2021.
When discussing the 2021 incident with Nexstar’s WIVB, Alvarez claimed she felt like she was merely falling asleep.
“I honestly thought I was asleep,” Alvarez told WIVB after the qualifier. “I started hearing people saying, ‘It’s going to be OK.’ I thought, ‘Stop telling me that! I’m trying to sleep.’ Then I realized that no, I was still in the pool.”
“Unfortunately, I’ve seen it happen to her before,” Alvarez’s mother said last year. “Never in competition, though. I knew right away. On their last element, I could tell something was up.”
In 2021, Fuentes had also dived into the pool, fully clothed, to rescue Alvarez.
“I felt more tired than usual, but I didn’t think I was going to pass out,” Alvarez remembered of the 2021 incident. “On that last arm, I’m like 45 degrees horizontal when I’m supposed to be vertical. I remember doing it and thinking I was vertical. Then the feeling kept spinning, like I was in a hamster wheel. I don’t remember anything until I got to the wall. They had already carried to me to the wall and I kind of woke up out of it and realized my coach was in the pool, and that was that.”
Alvarez attributed last year’s incident to exhaustion, as she was competing in several events in a short span. This time, she was coming back after a foot surgery, posting a photo with crutches as recently as five weeks ago.
Alvarez previously told WIVB she’s hoping to compete in the 2024 Olympics in Paris. For now, though, Team USA has not confirmed whether Alvarez plans to compete in the final later this week.
“Whether or not she will swim in the free team final on Friday … will be determined by Anita and expert medical staff,” USA Artistic Swimming said in a statement to the Associated Press. | https://cw33.com/news/nexstar-media-wire/photos-us-swimmer-anita-alvarez-rescued-by-coach-after-passing-out-at-world-championships/ | 2022-06-23T19:01:16Z |
NEW YORK, May 16, 2022 /PRNewswire/ -- Attention Lucid Group, Inc. ("Lucid") (NASDAQ: LCID) shareholders:
The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors. This lawsuit is on behalf of a class of all persons and entities who purchased or otherwise acquired Lucid common stock between November 15, 2021, and February 28, 2022, inclusive.
If you suffered a loss on your investment in Lucid, contact us about potential recovery by using the link below. There is no cost or obligation to you.
ABOUT THE ACTION: The filed complaint alleges that defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Lucid's business and operations. Specifically, the Company overstated its production capabilities while concealing that "extraordinary supply chain and logistics challenges" were hampering Lucid's operations. As a result of the defendants' wrongful acts and omissions, and the significant decline in the market value of Lucid's common stock, Lucid investors have suffered significant damages.
DEADLINE: May 31, 2022
Aggrieved Lucid investors only have until May 31, 2022 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent Wong | https://www.wibw.com/prnewswire/2022/05/16/class-action-alert-law-offices-vincent-wong-remind-lucid-investors-lead-plaintiff-deadline-may-31-2022/ | 2022-05-16T10:07:16Z |
- Q1 Net Revenue: $1.447 billion, grew by 74% year-on-year
- Q1 Gross Margin: 51.9% GAAP gross margin; 65.5% non-GAAP gross margin
- Q1 Diluted income (loss) per share: $(0.20) GAAP diluted loss per share; $0.52 non-GAAP diluted income per share
SANTA CLARA, Calif., May 26, 2022 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, today reported financial results for the first quarter of fiscal year 2023.
Net revenue for the first quarter of fiscal 2023 was $1.447 billion, which exceeded the midpoint of the Company's guidance provided on March 3, 2022. GAAP net loss for the first quarter of fiscal 2023 was $(166) million, or $(0.20) per diluted share. Non-GAAP net income for the first quarter of fiscal 2023 was $448 million, or $0.52 per diluted share. Cash flow from operations for the first quarter was $194.8 million.
"We had a strong start to fiscal 2023, delivering record first quarter revenue of $1.45 billion, which grew 8 percent sequentially and 74 percent year over year. Revenue exceeded the midpoint of guidance, driven by higher-than-forecasted results from the datacenter end market. Our new product ramps and growth in content have been instrumental in driving strong revenue growth," said Matt Murphy, Marvell's President and CEO. "We are guiding for growth to continue in the second quarter, projecting revenue at the midpoint to grow 5 percent sequentially and 41 percent year over year. With 88 percent of our overall revenue derived from data infrastructure, we are confident that our unique secular growth drivers in cloud, 5G, and auto, will continue to help drive sustainable long-term growth."
Second Quarter of Fiscal 2023 Financial Outlook
- Net revenue is expected to be $1.515 billion +/- 3%.
- GAAP gross margin is expected to be 49.6% to 51.9%.
- Non-GAAP gross margin is expected to be 65.0% to 65.5%.
- GAAP operating expenses are expected to be approximately $669 million.
- Non-GAAP operating expenses are expected to be approximately $435 million.
- Basic weighted average shares outstanding are expected to be 853 million.
- Diluted weighted average shares outstanding are expected to be 862 million.
- GAAP diluted income per share is expected to be $0.06 +/- $0.04 per share.
- Non-GAAP diluted income per share is expected to be $0.56 +/- $0.03 per share.
GAAP diluted EPS is calculated using basic weighted average shares outstanding when there is a GAAP net loss, and calculated using diluted weighted average shares outstanding when there is a GAAP net income. Non-GAAP diluted EPS is calculated using diluted weighted average shares outstanding.
Conference Call
Marvell will conduct a conference call on Thursday, May 26, 2022 at 1:45 p.m. Pacific Time to discuss results for the first quarter of fiscal 2023. Interested parties may join the conference call by dialing 1-888-317-6003 or 1-412-317-6061, passcode 0732684. The call will be webcast and can be accessed at the Marvell Investor Relations website at http://investor.marvell.com/. A replay of the call can be accessed by dialing 1-877-344-7529 or 1-412-317-0088, passcode 1605605 until Thursday, June 2, 2022.
Discussion of Non-GAAP Financial Measures
Non-GAAP financial measures exclude the effect of stock-based compensation expense, amortization of the inventory fair value adjustment associated with acquisitions, amortization of acquired intangible assets, acquisition and divestiture-related costs, restructuring and other related charges (including, but not limited to, asset impairment charges, employee severance costs, and facilities related charges), resolution of legal matters, and certain expenses and benefits that are driven primarily by discrete events that management does not consider to be directly related to Marvell's core business.
Marvell uses a non-GAAP tax rate to compute the non-GAAP tax provision. This non-GAAP tax rate is based on Marvell's estimated annual GAAP income tax forecast, adjusted to account for items excluded from Marvell's non-GAAP income, as well as the effects of significant non-recurring and period specific tax items which vary in size and frequency, and excludes tax deductions and benefits from acquired tax loss and credit carryforwards and changes in valuation allowance on acquired deferred tax assets. Marvell's non-GAAP tax rate is determined on an annual basis and may be adjusted during the year to take into account events that may materially affect the non-GAAP tax rate such as tax law changes; acquisitions; significant changes in Marvell's geographic mix of revenue and expenses; or changes to Marvell's corporate structure. For the first quarter of fiscal 2023, a non-GAAP tax rate of 6.0% has been applied to the non-GAAP financial results.
Marvell believes that the presentation of non-GAAP financial measures provides important supplemental information to management and investors regarding financial and business trends relating to Marvell's financial condition and results of operations. While Marvell uses non-GAAP financial measures as a tool to enhance its understanding of certain aspects of its financial performance, Marvell does not consider these measures to be a substitute for, or superior to, financial measures calculated in accordance with GAAP. Consistent with this approach, Marvell believes that disclosing non-GAAP financial measures to the readers of its financial statements provides such readers with useful supplemental data that, while not a substitute for GAAP financial measures, allows for greater transparency in the review of its financial and operational performance.
Externally, management believes that investors may find Marvell's non-GAAP financial measures useful in their assessment of Marvell's operating performance and the valuation of Marvell. Internally, Marvell's non-GAAP financial measures are used in the following areas:
- Management's evaluation of Marvell's operating performance;
- Management's establishment of internal operating budgets;
- Management's performance comparisons with internal forecasts and targeted business models; and
- Management's determination of the achievement and measurement of certain performance-based equity awards (adjustments may vary from award to award).
Non-GAAP financial measures have limitations in that they do not reflect all of the costs associated with the operations of Marvell's business as determined in accordance with GAAP. As a result, you should not consider these measures in isolation or as a substitute for analysis of Marvell's results as reported under GAAP. The exclusion of the above items from our GAAP financial metrics does not necessarily mean that these costs are unusual or infrequent.
Forward-Looking Statements under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Words such as "anticipates," "expects," "intends," "plans," "projects," "believes," "seeks," "estimates," "can," "may," "will," "would," "outlook," "forecast," "targets" and similar expressions identify such forward-looking statements. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, including, but not limited to: our ability to retain and hire key personnel; risks related to the rapid growth of the Company; risks related to changes in general economic conditions such as economic slowdowns, recessions, inflation, and stagflation; risks related to the impact of the COVID-19 pandemic which have impacted, and may continue to impact our business and operations, the transportation and manufacturing of our products, and the operations of our customers, distributors, vendors, suppliers, and partners; the impact of COVID-19, or other future pandemics, on the U.S. and global economies; disruptions caused by COVID-19, including as a result of restrictions that may be imposed by us or third parties, resulting in worker absenteeism, turnover, quarantines and restrictions on our employees' ability to work, innovate, collaborate, and travel; the effects that the current credit and market conditions caused by, or resulting from, COVID-19 could have on the liquidity and financial condition of us and our customers and suppliers, including any impact on the ability to meet contractual obligations; supply chain disruptions or component shortages that may impact the production of our products including our kitting process or may impact the price of components which in turn may impact our margins on any impacted products and any constrained availability from other electronic suppliers impacting our customers' ability to ship their products, which in turn may adversely impact our sales to those customers; our reliance on our manufacturing partners for the manufacture, assembly and testing of our products; risks related to the ASIC business model which requires us to use third-party IP including the risk that we may lose business or experience reputational harm if third parties, including customers, lose confidence in our ability to protect their IP rights; the impact of international conflict and economic volatility in either domestic or foreign markets including risks related to trade conflicts, regulations, and tariffs, including but not limited to, restrictions imposed on our Chinese customers; the risks associated with manufacturing and selling products and customers' products outside of the United States; our ability to define, design and develop products for the Cloud and 5G markets; our ability to secure design wins from our customers and prospective customers; our ability to market our 5G products to Tier 1 infrastructure customers; our ability to complete and realize the anticipated benefits of any acquisitions, divestitures and investments; cancellations, rescheduling or deferrals of significant customer orders or shipments, as well as the ability of our customers to manage inventory; our ability to estimate customer demand and future sales accurately; decreases in gross margin and results of operations in the future due to a number of factors, including increasing interest rates and volatility in foreign exchange rates; severe financial hardship or bankruptcy of one or more of our major customers; our ability to realize the expected benefits from restructuring activities; the effects of transitioning to smaller geometry process technologies; the impact of any change in the income tax laws in jurisdictions where we operate and the loss of any beneficial tax treatment that we currently enjoy; our ability to limit costs related to defective products; the risk of downturns in the semiconductor industry; risks related to our debt obligations; the outcome of pending or future litigation and legal and regulatory proceedings; risk related to our ESG program; our dependence on a small number of customers; the impact and costs associated with changes in international financial and regulatory conditions; our ability and the ability of our customers to successfully compete in the markets in which we serve; our ability and our customers' ability to develop new and enhanced products and the adoption of those products in the market; our ability to accurately categorize our products by end markets; our ability to scale our operations in response to changes in demand for existing or new products and services; risks associated with acquisition and consolidation activity in the semiconductor industry; our ability to protect our intellectual property; our maintenance of an effective system of internal controls; and other risks detailed in our SEC filings from time to time. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that affect our business described in the "Risk Factors" section of our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed by us from time to time with the SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and we assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
To deliver the data infrastructure technology that connects the world, we're building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world's leading technology companies for over 25 years, we move, store, process and secure the world's data with semiconductor solutions designed for our customers' current needs and future ambitions. Through a process of deep collaboration and transparency, we're ultimately changing the way tomorrow's enterprise, cloud, automotive, and carrier architectures transform—for the better.
Marvell® and the Marvell logo are registered trademarks of Marvell and/or its affiliates.
For further information, contact:
Ashish Saran
Senior Vice President, Investor Relations
408-222-0777
ir@marvell.com
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SOURCE Marvell | https://www.mysuncoast.com/prnewswire/2022/05/26/marvell-technology-inc-reports-first-quarter-fiscal-year-2023-financial-results/ | 2022-05-26T21:02:13Z |
(The Hill) – Texas Gov. Greg Abbott (R) has maintained a 7-point lead over Democratic nominee Beto O’Rourke in the Lone Star State’s governor’s race, new polling shows.
The Dallas Morning News-University of Texas at Tyler poll showed Abbott’s 46 percent to 39 percent lead over O’Rourke remained steady since May.
Abbott pulled the bulk of his support from the state’s Republican constituents in the new survey, with more than three-quarters saying they “approve” or “strongly approve” of his handling of the governorship — compared to just 22 percent of Democrats.
Eighty-five percent of Republicans say they’d vote for Abbott in the race for governor, while 81 percent of Democrats say they’d vote for O’Rourke.
A slightly higher percentage of Democrats reported they’d cross party lines to back Abbott than Republicans who said they’d do the same for O’Rourke — 12 percent and 8 percent, respectively.
Higher percentages of respondents said Abbott would do a better job than O’Rourke at handling crime reduction, border security, electrical grid management and the economy, though more respondents said O’Rourke would be better at “bringing people together” than Abbott.
In all, 47 percent of respondents said they approved of Abbott’s job performance and 49 percent disapproved. More than half of voters surveyed also said they thought Texas was “headed off on the wrong track” under its current leadership, at 56 percent, while 43 percent said it’s “headed in the right direction.”
At the same time, slightly more than half of respondents — 53 percent — said they approved of Abbott’s management of the state’s economy
Fifty-one percent, meanwhile, said they approved of Abbott’s handling of immigration at the southern border. The Texas governor has made recent headlines for reportedly sending buses of migrants north from the U.S.-Mexico border to New York City and Washington, D.C., in protest of President Biden’s immigration policies.
Republicans in the new survey were most likely to attribute inflation and a higher cost of living in Texas to Biden and Congress, while Democrats evenly attributed the issue to Washington and to Abbott and Texas legislators and attributed it mostly to “supply problems.”
O’Rourke won the Texas Democratic primary in March and will face Abbott in the general election in November.
Conducted Aug. 1 to Aug. 7, the poll surveyed 1,384 registered voters, of which 33 percent reported being Democrats and 40 percent reported being Republics. Twenty-seven percent said they were affiliated with neither party. The margin of error was 2.8 percentage points. | https://cw33.com/news/nexstar-media-wire/abbott-lead-over-orourke-steady-in-new-texas-poll/ | 2022-08-15T01:05:03Z |
SAN DIEGO and ORLANDO, Fla., June 7, 2022 /PRNewswire/ -- Today, at the prestigious Advances in Genome Biology and Technology (AGBT) conference in Orlando Florida, Chief Scientific Officer of Cardea Bio, Dr. Kiana Aran - the 2021 winner of the Nature Research Award for Inspiring Women in Science - is a first day plenary speaker, introducing the first-generation multiomics BPUs that combine CRISPR technology with the ultra-sensitivity of a graphene-based BPU™ (Biosignal Processing Unit) to detect target DNA sequences within the whole genome without the need for DNA amplification.
This technology, termed CRISPR-chip™, utilizes the genome searching capability of Cas and reprogrammable RNA molecule to unzip the double-stranded DNA and find its target. The gRNA-DNA binding event causes a change in graphene conductivity which can be detected in real-time within the BPU. CRISPR-chip was shown to detect target genes within clinical samples obtained from patients with Duchenne Muscular Dystrophy (Cover of Nature BME, 2019), and single cell point mutations (SNPs) in Sickle cell disease and ALS without the need for amplification (Nature BME, 2021), within less than 30 minutes.
"The AGBT conference has been the site of many next generation technological unveilings during the genomics era, so we're immensely proud to have our Chief Scientific Officer, Dr. Kiana Aran, present our multiomics platform as a plenary speaker on the first day of the conference," states Michael Heltzen, CEO of Cardea Bio, and continues, "Now, we're entering a new era - real-time multiomics - through the use of Cardea's BPU platform, which Dr. Aran will showcase during her keynote today. Not only does our BPU platform have the potential to change the way you think of what's required for doing DNA testing - no amplification and no lab equipment - but the potential translates to a lot of categories ranging from rapid diagnosis of infectious diseases to liquid biopsy instruments."
The applications of this technology platform go beyond diagnostics. CRISPR-chip™ can provide greater insights on the mechanism of CRISPR and can lead to safe and more effective utilization of this gene editing technology for therapeutic applications.
Cardea's rapidly expanding IP portfolio now has 29 broad patents issued and another 32 patents pending, cementing Cardea's market-leader position in the graphene biosensor industry, where they are bringing the BPU™ (Biosignal Processing Unit) Platform to market.
The entire abstract for Dr. Kiana Aran's talk, can be found here:
Contact Cardea
Lasse Görlitz, VP of Communications
US phone: +1 858 319 7135
EU phone: +45 2758 2601
publicrelations@cardeabio.com
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SOURCE Cardea Bio | https://www.wibw.com/prnewswire/2022/06/07/cpus-bpus-new-generation-biocompatible-semiconductors-rapid-amplification-free-genotyping-being-introduced-agbt/ | 2022-06-07T17:11:40Z |
SILVER SPRING, Md., Aug. 5, 2022 /PRNewswire/ -- Today, the U.S. Food and Drug Administration approved Enhertu (fam-trastuzumab-deruxtecan-nxki), an IV infusion for the treatment of patients with unresectable (unable to be removed) or metastatic (spread to other parts of the body) HER2-low breast cancer. This is the first approved therapy targeted to patients with the HER2-low breast cancer subtype, which is a newly defined subset of HER2-negative breast cancer.
It is estimated that 287,850 new cases of female breast cancer will be diagnosed in 2022 in the U.S. Approximately 80-85% of those new cases were previously considered to be HER2-negative subtype (including hormone receptor positive and triple negative breast cancer), which means the tumors do not overexpress, or make too many copies of the HER2 protein. Of that proportion of breast cancer diagnoses, about 60% of patients previously classified as having HER2-negative subtype can now be considered as HER2-low. Prior to today's approval, HER2-low patients received endocrine therapy or chemotherapy.
"Today's approval highlights the FDA's commitment to be at the forefront of scientific advances, making targeted cancer treatment options available for more patients," said Richard Pazdur, M.D., director of the FDA's Oncology Center of Excellence and acting director of the Office of Oncologic Diseases in the FDA's Center for Drug Evaluation and Research. "Having therapies that are specially tailored to each patient's cancer subtype is a priority to ensure access to safe and innovative treatments."
As part of the Administration's Cancer Moonshot program, President Biden tapped federal agencies to develop ways to reduce the rate of cancer deaths and improve the lives of cancer patients and their families through advancements in cancer research and technology, and development of new programs. Enhertu's approval further illustrates how the FDA's efforts align with the Cancer Moonshot goals of targeting the right treatments to the right patients, speeding progress against the most deadly and rare cancers, and learning from the experience of all patients.
HER2 receptors, which are proteins made by the HER2 gene, are important in determining a patient's treatment. HER2-negative includes hormone receptor positive and triple negative breast cancers. HER2-low is a new classification of the HER2 subtype. It describes a new subtype of breast cancer that has some HER2 proteins on the cell surface, but not enough to be classified as HER2-positive.
Patients with HER2-low breast cancer are eligible for Enhertu if they have received a prior chemotherapy in the metastatic setting, or their cancer returned during, or within 6 months of completing, adjuvant chemotherapy.
This approval is based on DESTINY-Breast04, a randomized, multicenter, open label clinical trial that enrolled 557 adult patients with unresectable or metastatic HER2-low breast cancer. The trial included two cohorts: 494 hormone receptor positive (HR+) patients and 63 hormone receptor negative (HR-) patients. Of these patients, 373 randomly received Enhertu by intravenous infusion every three weeks and 184 randomly received physician's choice of chemotherapy (eribulin, capecitabine, gemcitabine, nab paclitaxel or paclitaxel). The results showed improvement in both progression-free survival and overall survival in people with unresectable or metastatic HER2-low breast cancer.
The median age of trial participants was 57 years old, ranging from 28 to 81 years of age. Among the 557 patients, 24% were age 65 or older. Females comprised 99.6% of the trial population. Trial participants' race was reported as 48% White, 40% Asian, 2% Black or African American, and 3.8% Hispanic/Latino.
The most common adverse reactions in patients receiving Enhertu in DESTINY-Breast04 are nausea, fatigue, alopecia, vomiting, constipation, decreased appetite, musculoskeletal pain and diarrhea. The prescribing information includes a boxed warning to advise health care professionals of the risk of interstitial lung disease and embryo-fetal toxicity. Enhertu is not recommended for women who are pregnant.
Enhertu received priority review and breakthrough therapy designations for this indication. The FDA granted the approval of Enhertu to Daiichi Sankyo four months ahead of the Prescription Drug User Fee Act (PDUFA) deadline.
This review was conducted under Project Orbis, an initiative of the FDA Oncology Center of Excellence. Project Orbis provides a framework for concurrent submission and review of oncology drugs among international partners. For this review, FDA collaborated with the Australian Therapeutic Goods Administration, Health Canada, and Switzerland's Swissmedic. The application reviews may be ongoing at the other regulatory agencies.
Additional Resources:
- Oncology Center of Excellence
- Fact Sheet: White House Announces Initial Steps for Reignited Cancer Moonshot
- Female Breast Cancer Subtypes — Cancer Stat Facts
- Surveillance, Epidemiology, and End Results Program
Media Contact: April Grant, 202-657-8179
Consumer Inquiries: Email or 888-INFO-FDA
The FDA, an agency within the U.S. Department of Health and Human Services, protects the public health by assuring the safety, effectiveness, and security of human and veterinary drugs, vaccines and other biological products for human use, and medical devices. The agency also is responsible for the safety and security of our nation's food supply, cosmetics, dietary supplements, products that give off electronic radiation, and for regulating tobacco products.
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SOURCE U.S. Food and Drug Administration | https://www.kxii.com/prnewswire/2022/08/05/fda-approves-first-targeted-therapy-her2-low-breast-cancer/ | 2022-08-05T17:33:52Z |
BOSTON, June 22, 2022 /PRNewswire/ -- TetraScience, the R&D Data Cloud company, announced today that Labii Inc., creator of a next-generation research platform that combines Electronic Lab Notebook (ELN) and Laboratory Information Management System (LIMS) functionality, has joined the Tetra Partner Network (TPN) to help customers maximize the value of scientific data for better outcomes and insights using Tetra Data.
"Labii addresses the sheer diversity of research interests, workflows, and ways of working in laboratories with an easy-to-use, highly customizable solution," said Alan Millar, Ph.D., Vice President, TPN. "We are delighted to partner with them to accelerate customer workflows using Tetra Data to create data liquidity in the laboratory."
Researchers are increasingly seeking laboratory solutions that will allow them to combine their data needs seamlessly within one product. Historically ELNs are used to document experiments, and LIMS are used to manage other types of data such as inventory and workflow. Rather than working in two products, the Labii solution allows researchers to control all of their data needs in one product with an intuitive interface and app-like widgets that enable customization.
The Tetra R&D Data Cloud ingests raw scientific data from disparate sources and engineers it into the industry's only universally adoptable format, Tetra Data, which is harmonized, compliant, liquid, and actionable, and can be used to accelerate scientific workflows and outcomes. Because both Labii and TetraScience are 21 CFR Part 11 compliant, customers can gain efficiencies throughout the pharma value chain.
"By partnering with TetraScience, we can use Tetra Data to help customers gain speed and insights into their research from Discovery through Manufacturing," said Yonggan Wu, CEO, Labii. "We are excited to join the Tetra Partner Network so that Labii can deliver meaningful impact to customers much more rapidly."
"Every partner added to the Tetra Partner Network creates value for customers," said Patrick Grady, TetraScience Chairman and CEO. "As partners and customers continue to accelerate adoption of our open platform, the entire life sciences industry works in lockstep, eliminating data silos and delivering unrestricted scientific data innovation."
TetraScience is the R&D Data Cloud company with a mission to transform life sciences R&D, accelerate discovery, and improve and extend human life. The Tetra R&D Data Cloud provides life sciences companies with the flexibility, scalability, and data-centric capabilities to enable easy access to centralized, harmonized, and actionable scientific data and is actively deployed across enterprise pharma and biotech organizations. As an open platform, TetraScience has built the largest integration network of lab instruments, informatics applications, CRO/CDMOs, analytics, and data science partners, creating seamless interoperability and an innovation feedback loop that will drive the future of life sciences R&D. For more information, please visit tetrascience.com.
Labii facilitates research and development by providing a user-friendly, customizable Electronic Lab Notebook (ELN) and Laboratory Information Management System (LIMS) to document, manage, and interpret data. Labii ELN & LIMS can be configured for any type of data, and the functions can easily be enhanced and expanded by stand-alone applications. We address the unique needs of each of our customers and are the trusted provider of hundreds of biotech companies and academic labs. For more information, please visit www.labii.com
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SOURCE TetraScience | https://www.kxii.com/prnewswire/2022/06/22/labii-eln-amp-lims-joins-tetra-partner-network-help-pharmaceutical-customers-accelerate-scientific-data-management-insights-laboratory-workflows-using-tetra-data/ | 2022-06-22T12:47:53Z |
Through a funding award from McHenry County Board, IMEC will provide funded projects and technical support to position McHenry manufacturers to thrive in the post-pandemic economy.
MCHENRY COUNTY, Ill., July 20, 2022 /PRNewswire/ -- IMEC has received the Advance McHenry Manufacturing grant to help boost local manufacturing. As part of a larger initiative, this grant allows IMEC to provide funded projects, technical assistance, and training solutions that will equip McHenry County manufacturers to rebound from the pandemic, refine processes, and build resilience against business disruptions.
"McHenry County manufacturers are at the heart of our communities and our economy. These grants will ensure that as these businesses evolve past the pandemic's disruptions, they can emerge even more competitive. MCWN is proud to team up with IMEC and McHenry County College to support our manufacturers that propel our local and state economies forward." – Jeffery Poynter, Director – McHenry County Workforce Network Board.
Companies can choose from a variety of projects designed to help put systems in place that will ensure local manufacturing continues to thrive in McHenry County. They focus on improving operations, leadership, growth, and workforce.
"This is a great opportunity for McHenry County manufacturers to plant seeds of innovation that will help them strengthen resilience for turbulent times and build global competitiveness. IMEC is proud to provide the support in this endeavor and look forward to continued partnership with the county to contribute to the state's economic development." – David Boulay, Ph.D. President – IMEC.
Manufacturers located in McHenry County with less than 500 employees are eligible to apply for one a project that will help them:
- Improve Operations
- Lead the Company
- Grow the Business
- Focus on People
For more information about the Advance McHenry Manufacturing grant, project details, or how to apply for a fully-funded project, visit https://www.imec.org/advancemchenry/ or email Kristy Johns.
IMEC is a team of improvement specialists who are dedicated to changing lives and creating a positive impact on Illinois' workforce and economy. With a mission to drive growth through enterprise excellence, they help organizations become more effective and efficient by identifying issues, developing and implementing solutions, and providing the necessary support that will allow them to excel in areas of leadership, strategy, customer engagement, operations, workforce, and measurement and results. In 2021, they assisted over 1,600 companies and help create or retain over 5,679 jobs, resulting in over $450M aggregate impact to the Illinois economy. IMEC has seven offices statewide and 48 full-time industry improvement specialists. For more information, visit www.imec.org.
IMEC is one of the 51 MEP Centers in the US and Puerto Rico. MEP Centers are part of the MEP National Network, which includes the National Institute of Standards and Technology Manufacturing Extension Partnership (NIST MEP) and over 1000 manufacturing experts at over 400 service locations, with the tools and resources to help US manufacturers succeed and advance US Manufacturing. Being that each Center is a public-private partnership, they are able to connect manufacturers with government agencies, universities and research facilities, trade associations and many more resources that foster growth and innovation. In 2021, The MEP National Network helped manufacturers created and retain over 125,000 jobs. Find your local MEP Center here.
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SOURCE IMEC | https://www.kxii.com/prnewswire/2022/07/20/new-grant-award-allows-imec-help-mchenry-county-manufacturers-rebound-pandemic-reinvent-become-more-globally-competitive/ | 2022-07-20T15:36:15Z |
HOUSTON, Texas, April 4, 2022 /PRNewswire/ -- GATE Energy, a leading global provider of commissioning, engineering, and specialty field services for the energy industry, announced today that Lee Jordan has been named as its new Chief Executive Officer. Mr. Jordan will replace Grant Gibson, the Founder of GATE Energy, who will be transitioning to the position of Chairman of the Board of Directors and the Director of Singapore. Mr. Gibson will also provide a strategic advisory role to Mr. Jordan, in addition to focusing on international expansion in southeast Asia.
"Lee is the perfect leader for GATE Energy in the next phase of growth of the company," said Grant Gibson. "Lee is one of the longest-serving members of the GATE family and has extensive experience in various aspects of how we deliver value to our clients by strongly focusing on quality, safety, staff development and, maintaining the servant leadership culture within our organization."
Lee Jordan remarked, "I have been a part of GATE Energy since joining as a graduate engineer almost 20 years ago. I am both proud and excited to take the opportunity to step up from the Chief Operating Officer role to lead the business at a defining time for the energy industry. Although we know that there will be challenges and uncertainties ahead in the energy markets, we believe that, in addition to our strong backlog of work, the depth of engineering, commissioning, and field services capabilities across our various companies positions us for a strong and successful future. GATE Energy has the people, the culture, and the skillsets to support our clients as they look to maximize the value of their existing portfolios and as they take on new opportunities including carbon capture, hydrogen, and renewable energy sources including offshore wind, solar and geothermal."
About GATE Energy
GATE Energy is a family of companies that provide scalable, fit-for-purpose services for the energy sector including engineering, commissioning, and specialty field services.
For more information on GATE Energy, visit www.gate.energy.
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SOURCE GATE Energy | https://www.kxii.com/prnewswire/2022/04/03/gate-energy-appoints-lee-jordan-new-ceo/ | 2022-04-04T09:22:07Z |
GENOA, Italy (AP) — Fifty-nine people went on trial Thursday for the 2018 collapse of Genoa’s Morandi bridge, accused of manslaughter and other charges in the deaths of 43 people.
The defendants include former executives and experts of the company that manages many of Italy’s bridges and highways, as well as former officials of the Italian Ministry of Infrastructure and Transport.
A huge section of the Morandi Bridge broke off during a violent rainstorm on Aug. 14, 2018, when highways were packed with vacationers, sending cars plunging into the dry riverbed below.
Prosecutors have alleged the defendants knew the bridge, which was built in the 1960s, was at risk of collapsing and that corners were cut on maintenance to save money.
The bridge’s designer had recommended regular upkeep to remove rust, especially due to the corrosive effect of moist air from the nearby Ligurian Sea, and maintenance to counter the effect of pollution on concrete.
In April, a Genoa judge approved plea bargain requests by both the highway company, Autostrade per Italia, and the Spea engineering company, to pay 29 million euros ($33 million) to the Italian government in exchange for avoiding a trial.
The lawyer for former Austostrade CEO Giovanni Castellucci, who is among the defendants, said the trial would show that the bridge collapsed not as a result of maintenance negligence but due to an original “construction defect.”
“This is why 43 people died in a terrifying and absurd way,” lawyer Giovanni Paolo Accinni told reporters Thursday outside the Genoa tribunal, the LaPresse news agency reported.
A replacement bridge, designed by renowned architect Renzo Piano, a Genoa native, features 43 lamps in memory of people who perished.
The governor of Liguria, Giovanni Toti, said the start of the trial was important for the region but also relatives of the 43 victims.
“Starting today, justice and truth are closer and we hope will arrive quickly,” Toti wrote on Facebook. “It’s the only way to rebuild the trust between citizens and the state that collapsed on that Godforsaken Aug. 14.”
After the collapse, the Italian government forged a deal in which the Benetton fashion family agreed to sell its ownership stake in Autostrade.
___
Winfield reported from Rome. | https://cw33.com/news/international/ap-international/trial-opens-in-deadly-collapse-of-italys-morandi-bridge/ | 2022-07-08T07:15:45Z |
Business Talent Group's 5th annual Skills Index shows 500% increase in demand for artificial intelligence and machine learning; 400% increase in demand for cost reduction; 314% increase in human resources; 91% increase in interim finance leaders
LOS ANGELES, July 28, 2022 /PRNewswire/ -- A new report from Business Talent Group (BTG)—the leading talent marketplace for independent management consultants, interim executives, subject matter experts, and project managers, and a wholly owned subsidiary of Heidrick & Struggles (Nasdaq: HSII)—reveals the most in-demand and fastest growing skills leveraged by global companies amid ongoing economic uncertainty, an extraordinarily tight labor market, and rising geopolitical tensions.
BTG's fifth annual Skills Index, based on an analysis of proprietary BTG data, provides deep insights into how high-end independent talent are helping business leaders pursue growth while balancing risk, harness advances in data science and technology, and adapt their workforces, processes, and financial practices for the uncertain business environment ahead. The report comes as 59% of CEOs say the labor and skills shortage remains a top disruptor for their businesses, according to a recent Fortune/Deloitte study. Additionally, 55% of executives say they are concerned about the difficulty of hiring the right talent at the right price quickly enough, according to Mercer.
"Five years ago, we began reporting on project and skill needs driving the use of high-end independent talent at top companies. Since that time, we've witnessed both a massive influx of top talent choosing the independent path and a fast-growing understanding among business leaders of how to best use this highly skilled talent segment," said Jody Greenstone Miller, Co-Founder and Co-CEO of Business Talent Group. "Today, high-end independent talent has become a core pillar in the talent strategies of leading enterprises—offering an indispensable source of in-demand skills that are simply inaccessible in the broader labor market."
Key insights from the 2022 Skills Index include:
- Requests for artificial intelligence and machine learning skills increased by 500% as companies seek to tap big data for more informed decision-making, automate processes for efficiency and cost reduction, and leverage technology to anticipate and respond to rising consumer needs.
- Demand for cost reduction experts grew 400% as companies look to increase resilience, right-size spending, and position organizations for choppy waters ahead.
- Global human resources (+314%), compensation strategy (+215%), and benefits planning and management (+100%) all made the list of fastest growing skills as companies seek experts to build out or scale up HR capabilities, design strategies to attract and retain top talent, and fill critical gaps in the HR organization. Notably, requests for interim HR leaders at all levels increased 400% year-over-year.
- Financial controls, accounting, and audit and financial planning, analysis, and modeling entered the top 10 most in-demand skills for the first time—driven in large part by the 91% increase in demand for interim CFOs and other finance leaders—reflecting the changing demands placed upon the function as its responsibilities grow in complexity and scope.
- Market landscape and growth strategy remained on the most in-demand skills list, but with requests for experts in risk management rising by 200% year over year, it's clear that business leaders find themselves balancing optimism for continued growth with concern that key initiatives could be derailed by any number of economic, geopolitical, ecological, and cybersecurity threats present in today's extraordinary risk environment.
BTG's most in-demand and fastest growing skills are as follows:
TOP 10 MOST IN-DEMAND SKILLS FOR 2022
- Project Management
- Organizational Design and Workforce Planning
- Market Landscape and Research
- Financial Controls, Accounting, and Audit
- Financial Planning, Analysis, and Modeling
- Process Optimization and Transformation
- Growth Strategy
- Program Management Office (PMO)
- Strategic Planning
- Corporate and Business Unit Strategy
TOP 10 FASTEST GROWING SKILLS FOR 2022
- Artificial Intelligence and Machine Learning (+500%)
- Cost Reduction (+400%)
- Global Human Resources (+314%)
- Compensation Strategy (+215%)
- Risk Management (+200%)
- Engagement Management (+167%)
- Data Visualization (+120%)
- Benefits Planning and Management (+100%)
- Database Architecture and Management (+82%)
- Product Development (+82%)
For a detailed look at the most in-demand and fastest growing skills, view the full 2022 Skills Index from BTG.
About BTG
Business Talent Group (BTG) is the leading talent marketplace that connects independent management consultants, subject matter experts, project managers, and interim executives with the world's best companies. BTG provides just the right on-demand talent needed: remote or on-site, part-time or full-time, individuals or teams, all around the world. That's why more than 50% of the F100 and hundreds of other leading companies trust BTG to curate, vet, and compliantly deliver talent who fuel growth, innovation, and performance improvement. BTG is a wholly owned subsidiary of Heidrick & Struggles (Nasdaq: HSII).
For more information, visit businesstalentgroup.com and join the conversation on Twitter and LinkedIn.
Business Talent Group Media Contact:
Jennifer Napier
+1 (312) 315-3860
jennifer.napier@businesstalentgroup.com
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SOURCE Business Talent Group | https://www.kxii.com/prnewswire/2022/07/28/amidst-ongoing-inflationary-pressures-looming-concerns-recession-new-data-reveals-most-in-demand-skills-needed-drive-growth-mitigate-risk-2022/ | 2022-07-28T14:28:53Z |
WARWICK, Australia, June 22, 2022 /PRNewswire/ -- The Kangaroo Industry Association of Australia (KIAA) is calling for designers of fashion, footwear, and apparel, together with industry which values high performance leather such as premium soccer boots and heavy-duty sports, to embrace kangaroo leather with the launch of a new U.S. social media campaign.
The peak body for the commercial kangaroo industry says the campaign – the first in its history – showcases one of the world's most beautiful, lightest, and strongest leathers, which importantly, is sourced sustainably and responsibly.
KIAA President Ray Borda said not only do people expect beautiful products, they're looking for exceptional performance.
"Kangaroo leather is unique as it has an ultra-thin fibre structure which provides greater strength and longevity. Today, with domestic and international certification schemes allowing consumers to determine whether the source of their leather is sustainable and ethical, it has become a natural choice for leading designers."
The commercial industry employs more than 3,000 people across Australia, predominantly from rural and remote areas, and supports local farmers. Commercial harvesting of kangaroos is widely considered by the scientific community, government, animal welfare experts, indigenous groups, and the agricultural industry as a responsible way to manage kangaroo numbers while boosting the economy.
Mr Borda continued: "All KIAA kangaroo leather is a by-product of the meat industry which would otherwise end up in landfill. Our priority is to use ethical and sustainable practices to turn a by-product into a valuable, premium product."
"This is a responsible approach in a circular economy – we're all being encouraged to make better choices and move away from fast, disposable consumer goods," said Mr Borda.
Australia has a national commercial code of practice for the humane treatment of kangaroos based on the latest scientific research into kangaroo behaviour and ecology. The industry must meet the code's high animal welfare standards set by animal welfare experts including The Royal Society for the Prevention of Cruelty to Animals (RSPCA), Australian Veterinary Association (AVA), state governments and regulators, the kangaroo industry and farmers.
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SOURCE The Kangaroo Industry Association of Australia | https://www.kxii.com/prnewswire/2022/06/22/new-campaign-celebrates-premium-australian-leather/ | 2022-06-22T11:13:36Z |
- New name reflects long-term strategy of offering a portfolio of products - from sausage to dumplings and pizza toppings
- Proprietary Sensomics Platform informs how to efficiently and effectively formulate with ingredient stack that can deliver a range of new products in its innovation pipeline
- New Age Eats' new facility opening is targeted for Fall 2022 with production slated for 2023 pending regulatory approval
- Industry Sustainability & Supply Chain Leader, Greg Belt (Founder & CEO of Evergrain), joins Advisory Board
BERKELEY, Calif., June 28, 2022 /PRNewswire/ -- Today, New Age Meats, a leading hybrid plant-based and cultivated meat food-tech company with a focus on pork, becomes New Age Eats. The change supports the company's evolution from product-technology to consumer food company that aims to futureproof the joy of food, starting with the joy of pig.
Leading that evolution is Chief Marketing Officer, Kati Karottki, who joined the company after it raised its Series A last year and brings 15 years of experience including time at Kraft Heinz, Ocean Spray and food-tech start-ups Meati and Tovala.
"Kati's background in marketing and innovation with category leading brands combined with experience helping food-tech start-ups navigate early stages is why she is here: to help us evolve as efficiently as possible from deep tech to deep consumer. This critically accelerates our ability to scale in market when ready and achieve our ultimate mission of futureproofing the joy of food," said Spears.
"When it comes to brands and innovation, it's either working with something familiar and conveying what's new and better, or, working with something new and better and conveying what's familiar. With New Age Eats it's the latter," said Kati. "The consumer is the demand driver so it's important to bring a strong underlying consumer-led insight into the fold that can work hard for the business on a category level, not just on the first go-to-market product level. In the case of New Age Eats, it's the joy that pork brings to our favorite dishes and mealtimes with family and friends as well as celebrating the joy pigs might feel for their newfound role in the New Age of pork production." Chicago-based Scott&Victor served as the brand agency behind the creative strategy.
While build-out continues on the 23,000 SF pilot plant facility in Alameda, Calif. and the team works closely with agencies to gain regulatory approval, New Age Eats will build its brand in a way that can resonate with everyday meat eaters. In addition, its product development continues, grounded in deep sensory insights via its Sensomics Platform, the company's proprietary "CPU" led by New Age Eats' Chief Technology Officer, Dr. Alex Rajangam.
Along with the company's brand refresh and continued progress on product development and facility build-out, industry leader, Greg Belt, Founder and CEO of Evergrain and long-time Supply Chain, Innovation and Sustainability executive with AB InBev, joins the company as an Advisory Board Member.
"Greg's unique background operating and executing at global scale, combined with experience in alternative proteins as he builds and scales Evergrain, lends to strong counsel and advisory as we move forward to the next phase of New Age Eats," said Spears. "We're thrilled to have him join us on this journey."
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SOURCE New Age Eats | https://www.kxii.com/prnewswire/2022/06/28/hybrid-plant-based-cultivated-meat-company-new-age-meats-renames-new-age-eats-part-consumer-focused-brand-refresh-preparation-go-to-market/ | 2022-06-28T18:02:15Z |
Cosby lawyer urges jurors to consider only proof from trial
SANTA MONICA, Calif. (AP) - A lawyer for Bill Cosby told jurors they need to look past years of public accusations against the actor and comedian and consider only the evidence presented by a woman who says he sexually abused her at the Playboy Mansion in 1975 when she was 16 years old.
During closing arguments at a California civil trial Tuesday that would devolve into bizarre bickering over the video game Donkey Kong, Cosby attorney Jennifer Bonjean said plaintiff Judy Huth and her lawyers didn’t come close to proving “her 50-year-old, he-said-she-said case.”
“Can you imagine how hard it is to defend a case when you start with the label of sexual predator?” Bonjean told the jurors, reminding them they were chosen because they promised they would be able to consider only the facts presented in court. “If we were just going to try people based on labels, then why have trials at all?”
Huth’s attorney Nathan Goldberg told the jury that “my client deserves to have Mr. Cosby held accountable for what he did.”
“Each of you knows in your heart that Mr. Cosby sexually assaulted Miss Huff,” Goldberg said.
Cosby, who was freed from prison when his Pennsylvania criminal conviction was thrown out nearly a year ago, is not attending the trial. He denied that any sexual activity took place between himself and Huth in a 2015 video deposition shown to jurors. The denial has been repeated throughout the trial by his spokesman and his attorney.
Bonjean began the defense’s closing argument by thanking jurors and then telling them, “All I have to say is, it’s on like Donkey Kong,” a callback to what both sides during the trial called " The Donkey Kong defense.”
Huth testified that Cosby exposed himself and forced her to perform a sex act in a bedroom adjacent to a game room at the mansion, where Cosby had brought Huth and her then-17-year-old friend Donna Samuelson, a key witness at trial.
In previous depositions and police interviews, the women discussed Samuelson in 1975 playing Donkey Kong, a game Nintendo didn’t release into arcades until 1981.
Goldberg told jurors in his closing that Samuelson had said “games like Donkey Kong” in her first reference to it during the deposition. She gave a similar explanation during trial testimony.
But Bonjean said it was clear evidence of a pattern of Samuelson and Huth coordinating their stories despite testifying that they had barely talked in the decades since.
“They both get things wrong in the exact same way,” Bonjean said.
At the end of her closing argument, Bonjean said, “This was in some ways the Donkey Kong defense, and it’s going to end as it should. Game over.”
Goldberg reacted angrily during his rebuttal.
“This is about justice!” he shouted, pounding on the podium. “We don’t need game over! We need justice!”
Soon after, he snapped at Bonjean when she raised one of many objections, saying she doesn’t think the rules apply to her.
“This is about me now?” She said. “Are you going to put my picture up there?”
“I would put your picture up and put ‘game over’ on it,” Goldberg said.
Similar bickering occurred between the two throughout the trial, and had boiled over earlier Wednesday when Goldberg said a defense expert was “a nice lady, with a nice smile,” implying she had little else to offer in the case.
In an earlier, calmer, moment, Goldberg told jurors that Cosby had every reason to believe the two girls were under 18 when he met them at a Southern California park and invited them to meet up with him a few days later. Huth testified that they had told him. Samuelson said she did not remember specifically giving their ages, but said they would have told him if it came up.
Bonjean said jurors could not reasonably believe Cosby knew as much, and put pictures on the screen of the girls from around the same time.
“These were young women who did not present as children or even young teenagers,” Bonjean said.
She added that the women’s testimony that no one at the mansion asked their ages after Cosby left them alone there showed as much.
“They looked like a lot of the other young women at the Playboy Mansion.”
After a judge reads them their instructions on Thursday morning, jurors will have to decide on the truth of Huth’s allegations, and whether Cosby’s actions caused her emotional distress that reemerged in 2014 and lasted until 2018 when he went to prison, as Huth’s lawsuit says he did.
Huth’s case represents one of the last remaining legal claims against the 85-year-old comedian and actor once regarded as “America’s dad” after the removal of his Pennsylvania conviction and the settlement of many other lawsuits, negotiated by his insurer against his will.
The Associated Press does not normally name people who say they have been sexually abused, unless they come forward publicly, as Huth has.
___
Follow AP Entertainment Writer Andrew Dalton on Twitter: https://twitter.com/andyjamesdalton
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/06/16/cosby-lawyer-urges-jurors-consider-only-proof-trial/ | 2022-06-16T06:27:42Z |
As President, Schweppe will lead Inova's growth team encompassing sales, business development, and marketing.
NASHVILLE, Tenn., June 7, 2022 /PRNewswire/ -- Inova Payroll, a national payroll and human resource solutions provider, has announced the promotion of Joe Schweppe to President, reporting to Founder and CEO Farsheed Ferdowsi. Schweppe will lead a team of four senior sales and business development executives with a combined 100 years of payroll and HR service industry experience.
As President, Schweppe is responsible for the strategy and growth of Inova's payroll, human capital management (HCM), human resource outsourcing, and employee benefits divisions.
Schweppe joined Inova through the recent merger with Integrated Payroll Services (IPS) in St. Louis, Missouri, and LinkHCM in Rancho Cucamonga, California. The combined enterprise is now among the top-three privately-held payroll and HR companies in the United States.
Prior to Inova, Schweppe was President of IPS, which he co-founded with Coray Grove, currently Executive Vice President at Inova. Over 16 years, Schweppe and Grove grew IPS from a two-person partnership to a leading HCM company with over 55 employees, 1,500 clients, and multiple awards, including St. Louis Small Business Monthly's #1 Most Reliable Service award, The St. Louis Business Journal's Best Places to Work, and the Inc. 5000 list of fastest-growing companies in the United States.
"Aside from his entrepreneurial success and business acumen, Joe comes from a long career in consultative sales within the payroll and HCM space," said Farsheed Ferdowsi. "I have the utmost respect for Joe and trust that under his leadership and that of the proven senior executives he will coach, we will become a formidable force in the payroll/HCM space where, above all else, our people are our competitive edge."
A former ADP sales executive with more than 20 years of payroll and HCM industry experience, Schweppe holds a finance degree from Saint Louis University and currently serves as an advisory board member of Triad Bank in St. Louis, Missouri. He also serves on the finance committee for his local city in Warson Woods, Missouri, and previously served as president of the local chapter of Entrepreneur Organization, where he remains in service guiding newly appointed presidents.
Combining a dedication to employer success with innovative service and technology, Inova Payroll provides smart payroll, HR outsourcing, and employee benefits solutions to organizations across the United States. A five-time Inc. 5000 company, Inova Payroll is nationally recognized for exceptional customer support and service with numerous badges on G2.com for easiest set-up and best support and multi-year Stevie Award wins for customer service. Inova currently serves 5,000 employers, encompassing 225,000 active employees across 50 states and Puerto Rico. Headquartered in Nashville, Tennessee, Inova has ten additional offices in Arizona, California, Florida, Georgia, Missouri, Ohio, Pennsylvania, Tennessee, and Texas. For more company information, call 888-244-6106 or visit inovapayroll.com.
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SOURCE Inova Payroll | https://www.mysuncoast.com/prnewswire/2022/06/07/joe-schweppe-appointed-president-inova-payroll/ | 2022-06-07T16:17:04Z |
Dangerous species of worm found in Arkansas, authorities say
GREENE COUNTY, Ark. (KAIT/Gray News) - Although most worms are harmless, not all of them are. A dangerous species has just been spotted in Arkansas, according to state authorities.
Since the week of June 13, hammerhead worms have been found in Greene County, according to the University of Arkansas’ Division of Agriculture, KAIT reports.
Officials said hammerhead worms can contain a potent neurotoxin called tetrodotoxin, which is often found in pufferfish. Exposure to tetrodotoxin can cause headaches, body numbness, vomiting, and abdominal pain.
They mentioned hammerhead worms are carnivorous, and if the worms are cut in half, they will regenerate, creating two worms instead of one.
Officials said you should do the following if you spot a hammerhead worm:
- Do not touch it. Wear gloves if you handle them.
- Do not hesitate to kill the worm. They recommend putting it into a bucket with salt, vinegar or hot water to kill it.
Hammerhead worms are often identified by their broad spade-shaped head and long-flattened body. They typically grow to be 8 to 12 inches.
If you spot a hammerhead worm, officials recommend reporting your sighting by clicking here.
Copyright 2022 KAIT via Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/06/23/dangerous-species-worm-found-arkansas-authorities-say/ | 2022-06-23T20:42:07Z |
NEW YORK, Aug. 23, 2022 /PRNewswire/ -- Shareholder rights law firm Julie & Holleman is investigating the proposed acquisition of Pzena Investment Management, Inc. (NYSE: PZN) by its controlling shareholders. The deal was announced on July 27, 2022, offers PZN shareholders just $9.60 per share, and is expected to be completed in the fourth quarter of 2022.
To learn more about the investigation, click here.
According to SEC filings, PZN was formed in 2007 to manage the operations of Pzena Investment Management, LLC (PIM), an investment management company that was originally founded in 1995 by Richard S. Pzena, John P. Goetz, and William L. Lipsey. Shortly after its formation, the founders took PZN public through an IPO. But even after the IPO, the founders retained control over PZN through their ownership of super-voting "Class B" shares of stock. Based on PZN's most recent proxy statement, Pzena, Goetz, and Lipsey own more than 60% of the company's overall voting power.
Julie & Holleman is investigating potential legal claims available to PZN's shareholders regarding the proposed acquisition, including claims relating to potential conflicts resulting from the fact that Pzena, Goetz, and Lipsey control the company they now want to buy. Julie & Holleman is also concerned about the adequacy of the $9.60 per share acquisition price, as one analyst recently established a price target of $18 per share, nearly double the price agreed to by PZN's board of directors.
If you would like more information about Julie & Holleman's investigation, or about the acquisition in general, please contact W. Scott Holleman by email at scott@julieholleman.com or by telephone at (929) 415-1020. You may also visit the firm's website by clicking here.
Julie & Holleman is a boutique law firm that focuses on shareholder litigation, including derivative actions, mergers and acquisitions cases, securities fraud class actions, and corporate investigations. The firm's attorneys litigate in state and federal courts across the nation. For more information about the firm, please visit https://www.julieholleman.com/. This notice may constitute attorney advertising.
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SOURCE Julie & Holleman LLP | https://www.wibw.com/prnewswire/2022/08/23/pzn-special-alert-julie-amp-holleman-investigates-potential-legal-claims-related-take-private-acquisition-pzena-investment-management-inc/ | 2022-08-23T18:17:09Z |
Reds have highest-scoring day in 23 years, rout Cubs 20-5
By MITCH STACY
AP Sports Writer
CINCINNATI (AP) — Kyle Farmer homered and had tied his career high with five RBIs to power the Cincinnati Reds to their high-scoring game in 23 years, a 20-5 rout of the Chicago Cubs. Farmer and Nick Senzel had four hits each, and Brandon Drury, Tommy Pham and Albert Almora Jr. had three apiece. Cincinnati trailed 3-0 before scoring twice in the second and adding eight runs in the third. The Reds scored their most runs since a 22-3 win at Philadelphia on Sept. 4, 1999, while Chicago gave up its most since a 21-8 defeat at the Phillies on July 3, 1999. | https://localnews8.com/sports/ap-national-sports/2022/05/26/reds-wallop-cubs-20-5-for-their-biggest-win-in-23-years/ | 2022-05-26T22:56:51Z |
ÖSTERSUND, Sweden, June 1, 2022 /PRNewswire/ -- Skanska divests the office building Snäckan 8, which will be built in central Stockholm, Sweden, for about SEK 2.7 billion. The buyer is Slussgården, as previously announced. The transaction will be recorded by Skanska Commercial Development stream in the second quarter of 2022, in connection with obtained building permit. The transfer and final settlement of the purchase price, including indexation during the construction period, takes place in connection with completion, which is estimated for the first quarter of 2026.
The project will be included in the Swedish order bookings for the second quarter 2022 and includes approximately one year of demolition work. The construction contract and client costs are estimated to about SEK 1.6 billion, and the office building is slate for completion during the first quarter 2026.
Snäckan 8 will be a modern, future-proof office building with a total leasable area of approximately 23,000 square meters. It is designed to boost the street life and has the ambition to reach the environmental certification LEED's highest level, Platinum. Much of the material from the existing building will be reused or recycled. Among other things, the old façade stone will be cleaned up and used as a tiling on the roof of the new office building.
CONTACT:
Andreas Joons, Press Officer
Skanska AB
tel +46(0)104490494
Direct line for media
tel +46(0)104488899
This and previous releases can also be found at www.skanska.com.
This information was brought to you by Cision http://news.cision.com
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SOURCE Skanska | https://www.mysuncoast.com/prnewswire/2022/06/01/skanska-divests-office-building-snckan-8-stockholm-sweden-about-sek-27-billion/ | 2022-06-01T06:16:48Z |
HOUSTON, July 11, 2022 /PRNewswire/ -- Direct Digital Holdings (Nasdaq: DRCT) ("Direct Digital"), a leading advertising and marketing technology platform, will report financial results for the second quarter ended June 30, 2022, on Thursday, August 11, 2022 after the U.S. stock market closes. Management will host a conference call and webcast on the same day at 5:00 P.M. ET to discuss the results.
The live webcast and replay can be accessed at https://ir.directdigitalholdings.com/.
About Direct Digital Holdings
Direct Digital Holdings (Nasdaq: DRCT) brings state-of-the-art supply- and demand-side advertising platforms together under one umbrella company. The holding group's supply-side platform Colossus SSP offers advertisers of all sizes extensive reach within general market and multicultural media properties. Its operating companies Huddled Masses LLC and Orange142, LLC deliver significant ROI for middle market advertisers by providing data-optimized programmatic solutions at scale for businesses in sectors that range from energy to healthcare and travel to financial services. Direct Digital Holdings' buy-side solution manages over 200 clients daily, and the sell-side solution serves over 80,000 advertisers generating over 70+ billion impressions per month across display, CTV, in-app, and other media channels.
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SOURCE Direct Digital Holdings | https://www.wibw.com/prnewswire/2022/07/11/direct-digital-holdings-report-second-quarter-2022-financial-results/ | 2022-07-11T14:37:59Z |
NEW ORLEANS, April 22, 2022 /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into NRx Pharmaceuticals (NasdaqGM: NRXP).
In June 2021, the Company announced that it filed an application with U.S. Food and Drug Administration ("FDA") requesting Emergency Use Authorization ("EUA") for Zyesami, its investigational pre-commercial drug product for treating COVID-19 related respiratory failure. Then, on November 4, 2021, the Company disclosed that the FDA had declined to issue an EUA for Zyesami "due to insufficient data regarding the known and potential benefits of the medicine and the known and potential risks of Zyesami in patients suffering from Critical COVID-19 with respiratory failure."
The Company was subsequently sued in a securities class action lawsuit for failing to disclose material information, violating federal securities laws, which remains ongoing.
KSF's investigation is focusing on whether NRx's officers and/or directors breached their fiduciary duties to the Company's shareholders or otherwise violated state or federal laws.
If you have information that would assist KSF in its investigation, or have been a long-term holder of NRx shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgm-nrxp/ to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California, Louisiana and New Jersey.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
1100 Poydras St., Suite 3200
New Orleans, LA 70163
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SOURCE Kahn Swick & Foti, LLC | https://www.mysuncoast.com/prnewswire/2022/04/23/nrx-pharmaceuticals-investigation-initiated-by-former-louisiana-attorney-general-kahn-swick-amp-foti-llc-investigates-officers-directors-nrx-pharmaceuticals-inc-nrxp/ | 2022-04-23T06:42:17Z |
KNOXVILLE, Tenn. (WATE) — A Knox County Sheriff’s Office deputy is recovering after she was accidentally shot by her partner while responding to a call, a department spokesperson said Wednesday.
Deputies responded to a call in Powell around 11 p.m. Monday. According to a KCSO spokesperson, the two deputies were outside the residence when an aggressive dog came around the trailer and attacked deputy Lydia Driver.
Deputy Jordan Hurst fired his service weapon in an attempt to subdue the dog, inadvertently hitting Driver in the leg. She was taken to a hospital where she underwent emergency surgery.
Hurst is on administrative leave with pay, per department procedure.
Driver has worked with the Knox County Sheriff’s Office since 2015. She graduated from the Knox County Sheriff’s Office Regional Training Academy on May 27.
“Law Enforcement is a dangerous profession; it is unpredictable. Officers deal with people and situations the average person will never experience in their lifetime,” Knox County Sheriff Tom Spangler said in a statement. “This incident is unfortunate, but we will get through it together. We are blessed to serve a community who loves and appreciates our men and women; for that, I’m grateful.” | https://cw33.com/news/nexstar-media-wire/tennessee-deputy-aiming-for-dog-accidentally-shoots-partner-official-says/ | 2022-07-06T18:56:03Z |
Highlights:
Net Income: $10.1 million
Revenue: $21.7 million for Q1 2022
Total Assets: $2.05 billion, decreased 3.9% over December 31, 2021
Total Loans: $1.50 billion, increased 0.7% over December 31, 2021
Total Deposits: $1.68 billion, decreased 5.2% over December 31, 2021
WASHINGTON TOWNSHIP, N.J., April 19, 2022 /PRNewswire/ -- - Parke Bancorp, Inc. ("Parke Bancorp" or the "Company") (NASDAQ: "PKBK"), the parent company of Parke Bank, announced its operating results for the quarter ended March 31, 2022.
Highlights for the three months ended March 31, 2022:
- Net income available to common shareholders was $10.1 million, or $0.85 per basic common share and $0.83 per diluted common share, for the three months ended March 31, 2022, an increase of $0.7 million, or 7.0%, compared to net income available to common shareholders of $9.4 million, or $0.79 per basic common share and $0.78 per diluted common share, for the same quarter in 2021. The increase is primarily driven by reduced loan loss provision and lower interest expense, partially offset by lower non-interest income.
- Net interest income increased 1.7% to $17.1 million for the three months ended March 31, 2022, compared to $16.8 million for the same period in 2021.
- Non-interest income decreased $162,000, or 7.2%, to $2.1 million for the three months ended March 31, 2022, compared to $2.2 million for the same period in 2021.
- Non-interest expense decreased 1.6% to $5.7 million for the three months ended March 31, 2022, compared to $5.8 million for the same period in 2021.
The following is a recap of the significant items that impacted the first quarter of 2022:
Interest income decreased $925,000 for the first quarter of 2022 compared to the same period in 2021, primarily due to a decrease in interest and fees on loans attributed to lower loan portfolio balances.
Interest expense decreased $1.2 million for the first quarter of 2022 compared to the same period in 2021, primarily due to lower interest rates on deposits as well as lower outstanding borrowing balances.
The provision for loan losses decreased $500,000 for the first quarter of 2022, compared to the same period in 2021, as a result of a decrease in loan portfolio balances.
For the first quarter of 2022, non-interest income decreased $162,000, compared to the same period in 2021. The decrease was primarily attributable to a decrease in service fees from deposit accounts.
Non-interest expense decreased $92,000 during the first quarter of 2022, compared to the same period in 2021. The decrease was primarily due to a decrease in professional fees related to our BSA remediation efforts, partially offset by an increase in occupancy and equipment due to increases in the cost of some of our service providers.
Income tax expense increased $159,000 for the first quarter 2022, compared to the same period in 2021. The effective tax rate for the first quarter of 2022 was 25.2%, compared to 25.4% for the same period in 2021.
March 31, 2022 discussion of financial condition
- Total assets decreased to $2.05 billion at March 31, 2022, from $2.14 billion at December 31, 2021, a decrease of $82.3 million, or 3.9%, primarily due to a decrease cash and cash equivalents attributed to a decrease in deposit liabilities, net of an increase in loans receivable.
- Cash and cash equivalents totaled $503.8 million at March 31, 2022, as compared to $596.6 million at December 31, 2021.
- The investment securities portfolio decreased to $21.7 million at March 31, 2022, from $23.3 million at December 31, 2021, a decrease of $1.6 million, or 6.7%, primarily due to pay downs of securities.
- Gross loans increased to $1.50 billion at March 31, 2022, from $1.48 billion at December 31, 2021, an increase of $11.0 million or 0.7%.
- Nonperforming loans at March 31, 2022 decreased to $3.9 million, representing 0.26% of total loans, a decrease of $0.4 million, from $4.3 million of nonperforming loans at December 31, 2021. OREO at March 31, 2022 was zero, a decrease of $1.7 million compared to $1.7 million at December 31, 2021. Nonperforming assets (consisting of nonperforming loans and OREO) represented 0.19% and 0.28% of total assets at March 31, 2022 and December 31, 2021, respectively. Loans past due 30 to 89 days were $14.5 million at March 31, 2022, an increase of $14.0 million from December 31, 2021, and was driven by two CRE non-owner occupied loans.
- The allowance for loan losses was $30.0 million at March 31, 2022, as compared to $29.8 million at December 31, 2021. The ratio of the allowance for loan losses to total loans was 2.00% and 2.01% at March 31, 2022 and at December 31, 2021, respectively. The ratio of allowance for loan losses to non-performing loans was 766.8% at March 31, 2022, compared to 692.8%, at December 31, 2021.
- Total deposits were $1.68 billion at March 31, 2022, down from $1.77 billion at December 31, 2021, a decrease of $91.2 million or 5.2% compared to December 31, 2021. The decrease in deposits was attributed to a decrease in non-interest demand deposits of $81.9 million, and time deposits of $53.4 million, partially offset by increases of $19.0 million, $17.0 million, and $8.0 million in savings, money market, and interest-bearing demand deposits, respectively.
- Total borrowings were flat at $120.9 million at March 31, 2022 from December 31, 2021.
- Total equity increased to $240.3 million at March 31, 2022, up from $232.4 million at December 31, 2021, an increase of $7.9 million, or 3.4%, primarily due to the retention of earnings.
CEO outlook and commentary
Vito S. Pantilione, President and Chief Executive Officer of Parke Bancorp, Inc. and Parke Bank, provided the following statement:
"Our net Income increased to $10.1 million in the first quarter of 2022 as compared to the first quarter net income of $9.4 million in 2021. Although we saw an increase in our loan portfolio from the 2021 year end, it is still slightly less than the 1st quarter of 2021. The strength of the real estate market has accelerated the repayment of our construction loan portfolio. We have seen an increase in loan activity in the first quarter of 2022, and many of the new loans are new construction projects."
"The Federal Reserve increased interest rates in early 2022, sooner than initially anticipated, with indications that there could be six more rate increases in 2022. The interest rate increases are targeted at reducing inflation, which will most likely slow down business activity. Typically, the real estate industry is adversely affected by higher interest rates. Higher interest rates mean higher loan payments, which could mean lower values and slower sales."
"COVID-19 does not seem to want to leave us. Although we have seen some improvement, recently Philadelphia became the first major city in the Country to reinstate some COVID-19 restrictions. There are many who believe that these restrictions will again hurt Philadelphia businesses that are still in the process of trying to recover from the last two years of COVID-19 restrictions."
"Parke Bank is in a good position to meet these challenges and to take advantage of opportunities that are in the market. We continue to maintain strong loan loss reserves, strong capital and a diversified customer base. We also provide banking services to diversified industries such as cannabis, real estate development, money services businesses, SBA borrowers, and others. We will maintain our focus on tight controls of our expenses while pursuing opportunities to enhance shareholder value."
Forward Looking Statement Disclaimer
This release may contain forward-looking statements. Such forward-looking statements are subject to risks and uncertainties which may cause actual results to differ materially from those currently anticipated due to a number of factors; our ability to maintain a strong capital base, strong earning and strict cost controls; our ability to generate strong revenues with increased interest income and net interest income;; our ability to continue the financial strength and growth of our Company and Parke Bank; our ability to continue to increase shareholders' equity, maintain strong reserves and good credit quality; our ability to ensure our Company continues to have strong loan loss reserves; our ability to ensure that our loan loss provision is well positioned for the future as the COVID-19 pandemic continues; our ability to continue to reduce our nonperforming loans and delinquencies and the expenses associated with them; our ability to realize a high recovery rate on disposition of troubled assets; our ability to continue to pay a dividend in the future; our ability to enhance shareholder value in the future; our ability to continue growing our Company, our earnings and shareholders' equity; and our ability to continue to grow our loan portfolio; the possibility of additional corrective actions or limitations on the operations of Parke Bancorp and Parke Bank being imposed by banking regulators, therefore, readers should not place undue reliance on any forward-looking statements. Parke Bancorp, Inc. does not undertake, and specifically disclaims, any obligations to publicly release the results of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such circumstance.
(PKBK-ER)
Financial Supplement:
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SOURCE Parke Bancorp, Inc. | https://www.mysuncoast.com/prnewswire/2022/04/19/parke-bancorp-inc-announces-first-quarter-2022-earnings/ | 2022-04-19T21:06:42Z |
Which Minecraft backpack is best?
The quirky and creative virtual world of Minecraft has attracted a large and dedicated fan base since its release in 2011. As one of the most beloved video games in the world, Minecraft has a wide-ranging selection of merchandise, including more than a few backpacks. Minecraft backpacks have fun designs and illustrations that depict characters and locations from the game.
There are plenty of great options to choose from, but the cream of the crop is Jinx’s “Creeper Creepin’ Up” backpack. This durable polyester backpack has multiple compartments and a theme centered around the mischievous and explosive Minecraft Creeper characters.
What to know before you purchase a Minecraft backpack
What is Minecraft?
Minecraft is a wildly popular video game that first made it to consoles in 2011. There is no clear objective in Minecraft other than exploration and survival. Players use tools to mine materials such as wood, stone, iron and coal in order to build homes and cook the food they’ve hunted.
Due to its free-roaming gameplay and lack of conventional story structure, Minecraft encourages a creative gaming style. Minecraft players attempt to build the most extravagant homes they can imagine or recreate famous buildings and landmarks from the real world. Since its release, Minecraft has won multiple awards and is considered by many video game publications to be one of the greatest video games of all time.
Who would enjoy a Minecraft backpack?
One thing that makes Minecraft so unique is its universal appeal. Minecraft has fans of all ages all over the globe. However, the game’s most dedicated demographic includes people under 20. It just so happens that this is also the demographic in most need of backpacks. A Minecraft backpack is a great way for kids and teens to take a bit of their favorite video game to school with them. The bright colors, faithfully pixelated illustrations and multiple compartments make Minecraft backpacks an excellent gift idea for kids.
Why should I buy a Minecraft backpack?
Aside from the typical reasons you’d want a backpack, such as storing books and personal belongings, buying a Minecraft backpack also has social benefits. Minecraft fans are everywhere, and what better way to strike up a conversation with one of them than with a quality piece of Minecraft merchandise? If you are looking for a Minecraft backpack as a gift for a child, it can be a great way to help them make new friends at school.
What to look for in a quality Minecraft backpack
Design
The graphics of Minecraft are instantly recognizable. You’ll want to find a Minecraft backpack that features the game’s signature blocky art style. Many of these backpacks include depictions of Minecraft characters, items and blocks. Choose a Minecraft backpack that represents your favorite aspects of the game and will make you excited to come home and start playing at the end of the day.
Materials
Most backpacks are made out of durable materials such as polyester and nylon. Polyester is a lightweight fabric that’s exceptionally resistant to UV rays and minor abrasions. Polyester also tends to hold color dyes for longer than other materials, making it an advantageous material for preserving the graphics on a Minecraft backpack. Nylon is a comparatively soft and stretchy material with a glossy appearance. Thanks to nylon’s water resistance, a nylon backpack can help keep your belongings dry in the rain.
Compartments
When looking for a backpack, it’s important to find a product with enough compartments to accommodate your lifestyle. Most backpacks have a spacious main compartment, a zippered pocket in the front, and two small pockets on the side. If you intend to store a laptop in your Minecraft backpack, be sure to choose an option that has a laptop sleeve in the main compartment.
How much you can expect to spend on a Minecraft backpack
The majority of Minecraft backpacks range from $30-$80.
Minecraft backpack FAQ
How many compartments should be in a Minecraft backpack?
A. This ultimately depends on what you intend to use the backpack for. If you’re looking for a backpack to use for school or casual daywear, a main compartment, front compartment, and two side pockets should suffice.
Can I put a Minecraft backpack in the washing machine?
A. Minecraft backpacks are usually made from polyester or nylon, both of which are safe to run through the washing machine.
What’s the best Minecraft backpack to buy?
Top Minecraft backpack
Jinx “Creeper Creepin’ Up” Minecraft Backpack
What you need to know: Jinx’s sturdy and comfortable backpack includes multiple spacious compartments and an accurate portrayal of one of the game’s most notorious characters.
What you’ll love: The adjustable padded shoulder straps make it easy for fans of all ages to wear this backpack. The reinforced polyester bottom helps prevent tearing and increases the lifespan of the backpack.
What you should consider: The vibrant green color makes it difficult to match with many outfits.
Where to buy: Amazon
Top Minecraft backpack for the money
Minecraft Kids’ Backpack Four-Piece Set
What you need to know: This affordable kids’ backpack features a cute all-over print and comes with a water bottle, pencil case, and lunchbox.
What you’ll love: With this extensive four-piece set, you can knock out a good chunk of your back-to-school shopping with one purchase. The all-over block print depicts a diverse selection of items and characters from the game.
What you should consider: The pencil case is a bit too small to hold a lot of pens and pencils.
Where to buy: Amazon
Worth checking out
Minecraft Creeper 16” Backpack
What you need to know: This large backpack can fit everything you need within its fun Minecraft design.
What you’ll love: The shoulder straps are padded and adjustable for a comfortable fit. The large dimensions of this backpack make it great for travel or school.
What you should consider: Some customers reported a low level of durability.
Where to buy: Amazon
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/fashion-accessories-br/backpacks-br/best-minecraft-backpack/ | 2022-06-10T20:47:31Z |
Amber Alert issued for missing 15-year-old girl from Florida
(Gray News) - Officials in Florida issued an Amber Alert for a 15-year-old girl missing since Saturday.
Ashley Reyes-Hernandez was last seen in the area of the 100 block of Fourth Street in Jupiter, Florida. She was described as 5 feet, 4 inches tall and 162 pounds, with brown hair and brown eyes, wearing a black hooded sweater, a black and yellow T-shirt, light blue jeans with rips and black high-top Adidas shoes.
The child may be in company of Oliver Ramos, a 5-foot-7 male with brown hair and brown eyes who was last seen wearing a white long-sleeve Hollister shirt with blue sleeves, light blue jeans with rips, black socks and black and gold sandals.
They may be traveling in a dark-colored minivan with tinted windows, no further description given.
Anyone with information is asked to contact the Jupiter Police Department at 561-799-4445 or call 911.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/07/06/amber-alert-issued-missing-15-year-old-girl-florida/ | 2022-07-06T13:35:07Z |
SINGAPORE, Sept. 3, 2022 /PRNewswire/ -- XT.COM, the world's first social-infused digital asset trading platform, is thrilled to announce its new listing of Lovely Inu ($LOVELY) under the platform's main zone (DeFi). The token will be available for trading as a LOVELY and Tether (USDT) trading pair on September 3, 2022, at 10:00 (UTC).
In addition, XT.COM will embrace and push $LOVELY trading for its thriving community. Meanwhile, the $LOVELY listing is designed to provide users with a competitive trading edge while giving them a safe and limitless immersive experience. Participants are advised to begin depositing on September 2, 2022, at 10:00 (UTC) to be eligible to trade the token.
Introducing $LOVELY, the Utility Currency of Lovely Inu
$LOVELY is a decentralized utility token and utilizes the high-end BEP-20 token standard built on the Binance Smart Chain (BSC). Based on the BEP-20 demonstrates that the token was created with 10X faster block speed and over 100X cheaper gas fees.
The total supply of $LOVELY in the market is 55+ trillion. The boom of meme tokens gave birth to the LOVELY token, and it is now making a mark in the crypto space. The token has a large and meaningful ecosystem of crypto products, which includes LOVELY swap, LOVELY launchpad, LOVELY wallet, and LOVELY exchange.
The $LOVELY token is used as a medium of exchange to access all the aforementioned crypto services. Holding the token also allows users to purchase products and pay fees using it on the platform.
Traders will be encouraged to practically trade LOVELY/USDT when it goes live. Meanwhile, the withdrawal option will be available for users on September 4, 2022, at 10:00 (UTC).
About Lovely Inu (LOVELY)
Lovely Inu is a meme and decentralized launchpad platform built on the Binance Smart Chain (BSC) and follows the BEP-20 token standard. The ecosystem of Lovely Inu encompasses LOVELY swap, LOVELY launchpad, LOVELY wallet, and LOVELY exchange. LOVELY is the ticker symbol of the platform's utility token.
Moreover, using the BEP-20 means that the technology eliminates energy and computational waste when using LOVELY. The company is not only proposing a highly earned procedure for users to acquire and hold $LOVELY, but they can also participate in different launchpads on the platform that are vetted and proposed by their talented team of experts.
Website: https://lovely.finance/
Twitter: https://twitter.com/Lovely_finance?s=09
About XT.COM
By consistently expanding its ecosystem, XT.COM is dedicated to providing users with the most secure, trusted, and hassle-free digital asset trading services. Our exchange is built from a desire to give everyone access to digital assets regardless where you are.
Founded in 2018, XT.COM now serves more than 6 million registered users, over 500,000+ monthly active users and 40+ million users in the ecosystem. Covering a rich variety of trading categories together with an NFT aggregated marketplace, our platform strives to cater to its large user base by providing a secure, trusted and intuitive trading experience.
As the world's first social-infused digital assets trading platform, XT.COM also supports social networking platform based transactions to make our crypto services more accessible to users all over the world. Furthermore, to ensure optimal data integrity and security, we see user security as our top priority at XT.COM.
Website: https://www.xt.com/
Telegram: https://t.me/XTsupport_EN
Twitter: https://twitter.com/XTexchange
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SOURCE XT.com | https://www.kxii.com/prnewswire/2022/09/03/lovely-inu-lovely-gets-listed-xtcom/ | 2022-09-03T10:15:38Z |
RADNOR, Pa., April 22, 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 C3.ai, Inc. ("C3") (NYSE: AI). The action charges C3 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 C3's materially misleading statements to the public, C3's investors have suffered significant losses.
CLICK HERE TO SUBMIT YOUR C3 LOSSES. YOU CAN ALSO CLICK ON THE FOLLOWING LINK OR COPY AND PASTE IN YOUR BROWSER: https://www.ktmc.com/ai-class-action-lawsuit?utm_source=PR&utm_medium=link&utm_campaign=ai
TO VIEW OUR VIDEO, PLEASE CLICK HERE
LEAD PLAINTIFF DEADLINE: MAY 3, 2022
CLASS PERIOD: DECEMBER 9, 2020 THROUGH FEBRUARY 15, 2022
CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:
James Maro, Esq. at (484) 270-1453 or via email 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.
C3'S ALLEGED MISCONDUCT
C3 is an artificial intelligence software company that offers software-as-a-service applications for enterprises in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally.
On February 16, 2022, Spruce Point Capital Management, LLC ("Spruce Point Capital") published a short-seller report on C3. In the report, Spruce Point Capital revealed that it found "multiple instances of claims made by C3 that appear to be exaggerated, or don't reconcile with our research findings." Specifically, the report indicates, among other things, that given shifty customer definition disclosures, there is a high probability that C3 is overstating its paying and active customer Inflated Technology Value. Additionally, Spruce Point Capital found that C3's implied market share of just 0.12% supports either market size inflation or its irrelevance in the industry sales cycle.
Following this news, C3's stock price fell $1.01 per share, or 3.93%, to close at $24.70 per share on February 16, 2022.
WHAT CAN I DO?
C3 investors may, no later than May 3, 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 C3 investors 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.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP
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/2022/04/23/ai-deadline-kessler-topaz-meltzer-amp-check-llp-reminds-investors-c3ai-inc-deadline-securities-fraud-class-action-lawsuit-encourages-investors-with-substantial-losses-contact-firm/ | 2022-04-23T23:48:56Z |
NEW YORK, June 27, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Verrica Pharmaceuticals Inc. (NASDAQ: VRCA) between May 28, 2021 and May 24, 2022, both dates inclusive (the "Class Period"), of the important August 5, 2022 lead plaintiff deadline.
SO WHAT: If you purchased Verrica securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Verrica class action, go to https://rosenlegal.com/submit-form/?case_id=6828 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 5, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) there were manufacturing deficiencies at the facility where Verrica's contract manufacturer produced bulk solution for VP-102 (a drug device combination of Verrica's topical solution, cantharidin, administered through a single-use precision applicator for the treatment of molluscum contagiosum); (2) these deficiencies were not remediated when Verrica resubmitted its New Drug Application ("NDA") to the U.S. Food and Drug Administration ("FDA") for VP-102 for molluscum; (3) the foregoing presented significant risks to Verrica obtaining regulatory approval of VP-102 for molluscum; and (4) as a result of the foregoing, defendants' positive statements about Verrica's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Verrica class action, go to https://rosenlegal.com/submit-form/?case_id=6828 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A. | https://www.mysuncoast.com/prnewswire/2022/06/28/rosen-leading-law-firm-encourages-verrica-pharmaceuticals-inc-investors-with-losses-secure-counsel-before-important-deadline-securities-class-action-vrca/ | 2022-06-28T04:15:24Z |
MIAMI (AP) — FIU football player Luke Knox, who appeared in 23 games at Mississippi before joining the Panthers and was the brother of Buffalo Bills tight end Dawson Knox, has died, the university said Thursday.
Luke Knox died Wednesday evening, school officials said. The cause was not revealed, though the university said police do not suspect foul play.
Knox, who studied business, was 22.
“Words cannot express the heartfelt sorrow we feel because of the passing of our teammate and friend, Luke Knox,” FIU coach Mike MacIntyre wrote on social media. “I had the honor of coaching Luke at Ole Miss and at FIU. While I admired his passion for football, his genuine love for his family and teammates is what I will always remember.”
FIU players were told of Knox’s death late Wednesday. Thursday’s practice was canceled, and grief counselors were brought in to meet with the team and others from the university community.
“You had such a love for life and the game of football,” FIU quarterback Gunnar Holmberg wrote in a social media post Thursday. “Never failed to put a smile on those around you. Grateful for the time we had together. Words can’t explain how you’ll be missed.”
Dawson Knox, Luke Knox’s older brother, is entering his fourth season with the Bills.
“Our hearts go out to Dawson and his family during this time,” Buffalo coach Sean McDermott said Thursday before practice. “We’re right there with him and supporting him and his family. Just tragic news that I woke up to this morning. We love him and we support him.”
Dawson Knox was not on the field for the Bills’ practice.
Luke Knox, who was from Brentwood, Tennessee, primarily played special teams during his time at Ole Miss, and he had 11 tackles in his four seasons there. He switched to tight end in 2021 though appeared as a linebacker on FIU’s roster this season.
MacIntyre was defensive coordinator at Ole Miss during Knox’s time with the Rebels. MacIntyre is in his first season at FIU.
“He had a special way of making everyone around him feel comfortable and confident,” MacIntyre said. “Luke’s family is special to me, and they will continually be in my heart and in my prayers during this difficult time.”
FIU opens its season Sept. 1 against Bryant.
___
More AP college football: https://apnews.com/hub/college-football and https://twitter.com/ap_top25 | https://cw33.com/sports/ap-sports/fiu-says-football-player-luke-knox-22-has-died/ | 2022-08-18T15:05:11Z |
NEW YORK, Aug. 2, 2022 /PRNewswire/ -- Matthew Biben, a leading litigator who focuses on banking, regulatory and enforcement matters, has joined King & Spalding as a partner in its New York office. Biben was most recently a partner at Gibson, Dunn & Crutcher, where he was Co-Chair of its Financial Institutions Practice Group.
Biben represents individuals, financial institutions and FinTech companies in a broad array of civil disputes, securities and bankruptcy litigation, and complex matters involving regulators. He regularly handles internal, domestic and international investigations and acts as counsel in litigated disputes with government agencies, including the Department of Justice (DOJ), Securities and Exchange Commission (SEC), Federal Reserve Board (FRB), Office of the Comptroller of the Currency (OCC), New York State Department of Financial Services (NYDFS), State Attorneys General and various foreign regulators.
"Matt has built a stellar career, with experience at the upper echelons of government, the world's largest banks and private practice, making him an outstanding addition to our team," said Andy Bayman, head of the firm's Trial and Global Disputes practice group. "Matt's diverse litigation practice, in-depth understanding of the banking and regulatory environment, commercial acumen and legal prowess offer clients outstanding counsel and successful resolutions to their most critical issues."
Prior to joining Gibson Dunn, Biben was a partner and co-lead of the Banking Industry Group at Debevoise & Plimpton. He was previously General Counsel for JPMorgan Chase Consumer & Community Banking and Deputy General Counsel and Global Head of Litigation at The Bank of New York Mellon. Before this, Biben served in the U.S. Attorney's Office for the Southern District of New York as an Assistant U.S. Attorney in the Criminal Division and was an Assistant District Attorney in the New York County District Attorney's Office.
"King & Spalding has tremendously impressive disputes and regulatory practices with a prominent emphasis on financial institutions, and this aligns perfectly with my background," Biben added. "The firm was an obvious choice of platform for me. I look forward to joining the team and contributing to the firm's litigation prowess and strength in the financial institutions sector."
Biben is a Benchmark Litigation "Litigation Star" and is recommended nationally by Chambers USA and The Legal 500 US.
Biben received his undergraduate degree from Cornell University, where he is now a Trustee. He earned his J.D. from University of Pennsylvania Law School, where he now sits on the Board of Advisors and has served as an Adjunct Professor of Law for the last 28 years, teaching seminars in legal philosophy, federal crime, and corporate law and governance.
Biben is a member of the Board of Directors of the American Arbitration Association and is an active member of the New York legal community, serving as a commissioner on the State of New York Commission on Judicial Nomination and sitting on the boards of the New York Legal Assistance Group, the New York Lawyers for the Public Interest, and the New York Law Journal's Board of Editors.
Celebrating more than 130 years of service, King & Spalding is an international law firm that represents a broad array of clients, including half of the Fortune Global 100, with 1,200 lawyers in 23 offices in the United States, Europe, the Middle East and Asia. The firm has handled matters in over 160 countries on six continents and is consistently recognized for the results it obtains, uncompromising commitment to quality, and dedication to understanding the business and culture of its clients. More information is available at www.kslaw.com.
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SOURCE K&S | https://www.kxii.com/prnewswire/2022/08/02/king-amp-spalding-adds-senior-financial-disputes-regulatory-litigator-matthew-biben-new-york/ | 2022-08-02T19:25:52Z |
DENVER, Aug. 18, 2022 /PRNewswire/ -- Avanta Residential announced today that Peter Spier has been promoted to President of the company. In his role, Peter is responsible for oversight of Avanta's investment and development strategy, deal-sourcing, capital market activities, and operations.
Mr. Spier previously served as Managing Director of Avanta and Senior Vice President of Hunt Companies, Inc. He has 20 years of experience developing, operating, and financing multiple types of real estate, with deep knowledge of multifamily assets. Mr. Spier's tenure includes the asset management of a national portfolio of 2,700 affordable housing units, the development of a high-rise office building, and multiple market-rate multifamily projects.
"We are pleased to have someone with Peter's experience and knowledge leading the Avanta team," said Guy Arnold, Chief Operating Officer at Hunt. "We are confident that his leadership skills, proven track record in both development and finance, and deep understanding of the market, make Peter the right leader to expand Avanta's footprint throughout targeted markets across the United States."
"I am both honored and excited to serve in this position for a company I've been involved with since its inception," said Spier. "Avanta is extremely well positioned in a rapidly expanding segment of the housing industry and I look forward to growing the business with our talented team."
Mr. Spier earned a Bachelor of Arts in Economics and a Master of the Arts in Applied Economics from Southern Methodist University. He also received a Certificate in Construction Management from Arizona State University.
Avanta, a national leader in the build-for-rent industry, was formed in 2020 to respond to the demand for lower-density rental housing. Avanta was created from the deep experience of Hunt Companies Inc., a diversified, family-owned holding company responsible for completing more than $8.5 billion in real estate development and over 70,000 single-family rental homes across the United States, 50,000 of which are still owned and operated today. Avanta is committed to developing thoughtful, well-designed, amenity-rich homes for lease throughout the U.S. Avanta is active in Texas, Florida, Georgia, and Colorado and is expanding its footprint. For more information, please visit www.avantaresidential.com.
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SOURCE Avanta Residential | https://www.wibw.com/prnewswire/2022/08/18/avanta-residential-names-peter-spier-president/ | 2022-08-18T12:33:17Z |
NEW YORK, Sept. 12, 2022 /PRNewswire/ -- Attention Abbott Laboratories ("Abbott") (NYSE: ABT) shareholders:
The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors. This lawsuit is on behalf of all persons or entities who purchased or otherwise acquired shares of Abbott common stock during the period from February 19, 2021, to June 8, 2022, inclusive.
If you suffered a loss on your investment in Abbott, contact us about potential recovery by using the link below. There is no cost or obligation to you.
ABOUT THE ACTION: According to the filed complaint, defendants touted the strength of Abbott's infant formula brands and their contribution to the Company's sales and revenue growth, despite knowing that the facility that manufactured those products was in flagrant violations of United States Food and Drug Administration ("FDA") health, safety, and manufacturing regulations. The complaint further alleges that defendants willfully or recklessly concealed these violations from investors, even though the violations put Abbott's infant formula business in dire jeopardy and left the Company exposed to a risk of severe regulatory action, including the recall of its products and closure of the Sturgis facility. Indeed, according to the complaint, defendants received direct warnings, communications, FDA inspection reports, and consumer complaints identifying in detail the safety and regulatory violations that were rampant at the Sturgis facility.
Aggrieved Abbott investors only have until October 31, 2022 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent Wong | https://www.kxii.com/prnewswire/2022/09/12/class-action-alert-law-offices-vincent-wong-remind-abbott-investors-lead-plaintiff-deadline-october-31-2022/ | 2022-09-12T10:41:13Z |
Florida releases 4 examples from math textbooks it rejected for public schools
By Jay Croft and Steve Contorno, CNN
Florida education officials have released four images from some of the math textbooks the state rejected this month, citing what they said were references to critical race theory or other “prohibited” topics.
The state Department of Education last week rejected 54 of 132 math textbooks publishers had submitted. The books did not comply with its Benchmarks for Excellent Student Thinking Standards or were rejected for including critical race theory (CRT), social emotional learning (SEL) and more, it said.
Some conservative groups claim critical race theory and social emotional learning are used to indoctrinate students.
Among the images released this week from books the state said were not adopted are references to “racial prejudice” and SEL. Which books they’re from and their full context isn’t clear.
Department spokesperson Cassie Palelis did not identify the books and referred CNN to the agency website showing “a few examples” that were “received from the public.” It’s unclear exactly what the specific concerns were with the four examples.
“At this time, those who have submitted textbooks for consideration still own the material (i.e. their content is copyrighted and we are unable to release it to the public at this time, pending review),” she wrote.
The examples mention “measuring racial prejudice” and the “Implicit Association Test.”
Another says the “SEL Objective” is to help students “build proficiency with social awareness as they practice with empathizing with classmates.”
The fourth includes a word or phrase that has been redacted. It also says, “This feature is designed to build student agency by focusing on students’ social and emotional learning.”
The images were posted with a disclaimer which read, in part: “These examples do not represent an exhaustive list of input received by the Department. The Department is continuing to give publishers the opportunity to remediate all deficiencies identified during the review to ensure the broadest selection of high quality instructional materials are available to the school districts and Florida’s students.”
Governor says he wants to focus on academics
SEL helps students “develop healthy identities, manage emotions and achieve personal and collective goals, feel and show empathy for others, establish and maintain supportive relationships, and make responsible and caring decisions,” the Collaborative for Academic, Social and Emotional Learning says.
Timothy Shriver, chair of the organization, told CNN’s Jake Tapper, he believes people get scared when they don’t understand things, adding, “I think some of this is a fight about honestly next to nothing. A lot of this is inspired by political disputes and by political advantage. There is a vast industry in this country that uses contempt and hatred to divide us politically, and I think sometimes that industry of division and contempt uses schools to advance its own aims.”
More than a dozen states have set standards for teaching SEL in grade schools, according to the National Conference of State Legislatures. But as more states consider SEL strategies, conservative groups have claimed critical race theory is embedded in it.
Sumi Cho, director of strategic initiatives for the African American Policy Forum and head of its #TruthBeTold campaign, told Tapper politicians are leveraging the heightened debate to justify bans on school curricula.
“It’s kind of interesting to see this ever-expanding umbrella, under this fearmongering campaign, that’s using critical race theory as the sort of Trojan horse in education.”
Opponents argue CRT is based on Marxism and is a threat to the American way of life. But scholars who study it say it explores how a history of inequality and racism impact American society today.
“We don’t want things like math to have, you know, some of these other concepts introduced. It’s not been proven to be effective, and quite frankly, it takes our eye off the ball,” Gov. Ron DeSantis told reporters at a news conference.
Andrew Spar, president of the Florida Education Association, called for transparency on how the state’s department of education made the decision, including examples of “objectionable” content and details about those who reviewed the textbooks and their qualifications.
DeSantis signed a bill Friday putting new restrictions on how schools and businesses can talk about race and gender.
“We’re not going to allow and teach that a person simply by virtue of his or her race, color, national origin or sex is inherently racist, sexist or oppressive. That’s wrong,” said the governor who shared the stage with a group of adults and school aged children — many holding “Stop Woke” and anti-CRT signs — as he spoke at the Mater Academy Charter Middle/High School in Hialeah Gardens.
The bill says a student and employee cannot be told they “must feel guilt, anguish, or other forms of psychological distress because of actions, in which the individual played no part, committed in the past by other members of the same race, color, sex, or national origin.”
It also prohibits instruction or training that says certain races or sexes are inherently privileged or oppressed.
The bill says schools can teach about slavery and the history of racial segregation and discrimination in an “age-appropriate manner,” but the instruction cannot “indoctrinate or persuade students to a particular point of view.”
“It’s an overall worldview that many people are trying to inject into our kids’ education, and that is not a true education, that is indoctrination,” DeSantis said.
The bill goes into effect July 1.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
CNN’s Tina Burnside and Nicole Chavez contributed to this report. | https://localnews8.com/news/national-world/cnn-national/2022/04/22/florida-releases-4-examples-from-math-textbooks-it-rejected-for-public-schools-2/ | 2022-04-22T23:25:36Z |
NASHVILLE, Tenn., July 20, 2022 /PRNewswire/ -- In a video appeal and supporting letter Spencer Patton, Founder + President of Route Consultant, urged FedEx Ground to provide substantial financial remedies to its base of 6,000+ Contracted Service Providers (CSPs) by November 25, 2022.
The FedEx Ground pickup & delivery (P&D) and linehaul networks are serviced by contracted logistics companies, and FedEx Ground relies entirely on the service success of these companies for its day-to-day operations. Mr. Patton notes in his letter that the current CSP financial model is collapsing due to substantial increases in the cost of fuel, labor, and vehicles over the past 12 months:
"Written from the desk of one of the largest contractors in the United States, believe me when I write that the situation is far more dire than the general public currently understands. Not a single day passes without my phone ringing with the story of yet another contractor who is financially collapsing under the weight of these dramatic cost changes that have gone entirely unaddressed by FedEx Ground in 2022."
Mr. Patton points to declining service levels, an increase in under-serviced or unserviced territories across the United States, and a soaring level of CSP default rates as evidence of the current financial stress within the network.
The video and letter make two clear requests of FedEx Ground: first, an increase in stop pay for P&D CSPs of $0.50 per stop and an increase of $0.20 per mile for linehaul CSPs; secondly, the letter asks for FedEx Ground to reevaluate its commitment to Sunday deliveries. Of Sunday deliveries, Mr. Patton says, "By our estimates, Sunday deliveries are costing FedEx Ground upwards of $500 million in earnings drag. That $500 million figure is getting worse, not better. Likewise, Sunday deliveries erased more than one-third of CSP profit margins in less than one year's time. In parallel fashion, that margin erosion is worsening, not improving."
Mr. Patton closes his letter noting that the CSP base will meet for their annual Expo in Las Vegas this year, on August 20 and 21, and will elect a committee of 10 CSPs to speak as a unified voice to FedEx Ground.
Route Consultant is the leader in education for owners of FedEx Ground and Amazon DSP logistics operations. The Route Consultant team also facilitates the greatest share of transactions in the space.
Rooted in experience, the Route Consultant leadership team runs an active contracting organization (Patton Logistics, Inc.)—including a fleet of 275 trucks and 225 employees across the United States—and is the largest service provider to FedEx Ground.
Route Consultant offers consulting services to new and experienced professionals in the logistics community. These services include acquisition strategy, business valuations, operations efficiency, post-close support, compliance review, and more. Finally, Route Consultant maintains an exclusive portfolio of routes and runs for sale across the United States.
Links:
Spencer Patton video, letter to FedEx Ground: https://www.routeconsultant.com/updates/route-consultant-founder-spencer-patton-calls-for-network-wide-financial-remedies
Video Conference - Wednesday 7/20, 3:30pm CT: https://www.routeconsultant.com/upcoming-events/weekly-webinar-072022
Contact:
To schedule an interview or if you have questions, please contact:
Chad Schmidt
chad@sheridanpr.com
(615) 504-6336
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SOURCE Route Consultant | https://www.kxii.com/prnewswire/2022/07/20/route-consultant-founder-spencer-patton-calls-network-wide-financial-remedies-fedex-ground-contracted-service-providers-csps/ | 2022-07-20T18:37:59Z |
MADISON, N.J., June 30, 2022 /PRNewswire/ -- Anywhere Real Estate Inc. (NYSE: HOUS), a global leader in residential real estate services (formerly known as Realogy Holdings Corp.), will release its financial results for the quarter ended June 30, 2022, on Thursday, July 28, 2022, prior to the company's webcast scheduled for 8:30 a.m. EDT on the same day.
During this call, the company will report its second quarter 2022 financial results and provide a business update. The webcast will be hosted by Ryan Schneider, chief executive officer and president, and Charlotte Simonelli, chief financial officer and treasurer.
Investors may access the conference call live via webcast at anywhere.re under "Investors" or by dialing 888-330-3077 (toll free); international participants should dial 646-960-0674. Please dial in at least five to 10 minutes prior to start time. A webcast replay will also be available on the company's website.
About AnywhereSM
Anywhere Real Estate Inc. (NYSE: HOUS) is on a mission to empower everyone's next move. Home to some of the most recognized brands in real estate – Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran®, ERA®, and Sotheby's International Realty® – the AnywhereSM portfolio includes franchise and brokerage operations as well as national title, settlement, and relocation companies and nationally scaled mortgage origination and underwriting joint ventures. Supporting approximately 1.5 million home transactions in 2021, Anywhere is focused on simplifying, digitizing, and integrating the real estate transaction for all consumers, no matter where they may be in their home buying and selling journey. With innovative products and technology, Anywhere fuels the productivity of its approximately 196,200 independent sales agents in the U.S. and approximately 136,400 independent sales agents in 118 other countries and territories. Recognized for eleven consecutive years as one of the World's Most Ethical Companies, Anywhere has also been designated a Great Place to Work four years in a row, named one of LinkedIn's 2022 Top Companies in the U.S., and honored by Forbes as one of the World's Best Employers 2021.
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SOURCE Anywhere Real Estate Inc. | https://www.wibw.com/prnewswire/2022/06/30/anywhere-release-second-quarter-2022-financial-results-host-webcast-july-28-2022/ | 2022-06-30T12:29:39Z |
Aracari Biosciences is headquartered at University Lab Partners, the premier life science incubator, located in UCI Research Park.
IRVINE, Calif., May 5, 2022 /PRNewswire/ -- Aracari Biosciences, Inc. announces a grant award from the National Institute of Health (NIH) to further develop Aracari's proprietary human bone marrow technology that models in vivo drug responses.
The most common adverse drug effect on the human bone marrow is compromised production of neutrophils, which is manifested clinically as neutropenia. The Aracari human bone marrow model ("VMBM") has the unique ability to reproduce the bone marrow microenviroment and show neutrophils exiting the bone marrow and entering the peripheral blood circulation, thereby modeling the clinical signs of neutropenia.
Using small animals to model the human bone marrow's response to chemotherapies or other drugs is resource intensive and can be misleading due to fundamental differences in leukocyte biology between humans and rodents. For example, neutrophils normally comprise 75%-90% of the leukocyte population in human peripheral blood, but only 10%-25% in mice.
"We are very excited that the NIH recognizes the power of Aracari's bone marrow model to predict human responses to the wide array of drugs that either inhibit or stimulate human bone marrow," shares Steven C. George, MD, PhD, Co-founder of Aracari Biosciences.
About Aracari Biosciences, Inc.
Aracari's mission is to increase the success rate of pre-clinical trials and reduce the cost of drug development by using an advanced microphysiological platform of naturally-induced human vascularized tissues to predict drug reactions more accurately in humans.
About University Lab Partners
University Lab Partners (ULP) is a premier, nonprofit, wet lab incubator located in UCI Research Park in Irvine, CA. ULP is a professionally-managed and equipped wet lab facility along with the benefits of peer-to-peer interactions among a life science-focused entrepreneurial community.
Media contact: Ming-I Huang, (718)669-0464, ming-i.huang@aracaribio.com
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SOURCE University Lab Partners | https://www.kxii.com/prnewswire/2022/05/05/national-institute-health-nih-awards-aracari-biosciences-grant-further-develop-proprietary-human-bone-marrow-technology-that-models-vivo-drug-responses/ | 2022-05-06T01:26:23Z |
Independence Day service
Christ Episcopal Church, 300 N. Main St. in Temple, will hold an Independence Day service at 6 p.m. on Monday.
The Rev. Keith Pozzuo will lead the service.
The event is free and open to the public.
Worship and Wonder
First Christian Church, 300 N Fifth St. in Temple, has recently started a Worship and Wonder program for children during its 10 a.m. worship service on Sundays.
The Worship and Wonder program includes Bible stories and offers participants the chance to form responses out of their own life experiences.
The children begin worship in the sanctuary and then are led to a special worship space, where a storyteller is waiting to greet them. They sit in a circle, surrounded by Bible stories made just for them, with all materials at their height. The storyteller then leads the children in a time of singing and praise.
The program is open to children ages 3 through second grade. Older children are welcome to participate as helpers. For more information, contact the church office at 254-773-9061.
Community Bible study
The Temple-Belton Community Bible Study adult class is registering members for a 30-week, in-depth interdenominational Bible study of Job, 1st and 2nd Timothy, Titus, Colossians and James.
The class will meet weekly starting Sept. 12.
There are three options to participate. In-person sessions will take place Monday nights (women’s, men’s and couple’s groups) and Wednesday mornings (women only) at Immanuel Prince of Peace Lutheran Church, 1215 Wall St. in Belton. The third option is via Zoom on Tuesday nights. The Zoom session is open to all adults (men, women and couples).
Each week, participants receive a reading commentary on the previous week’s topic and a set of questions to work on each day covering the next week’s reading.
These questions are discussed in small groups of about 15 people. Following the small group session, there is a short teaching over the same section of Scripture.
For information or to register visit www.templebeltoneve .cbsclass.org or call 254-718-6104 after 5:30 p.m. or 254-231-2393 during work hours.
Calling area pastors
Submissions are sought for the weekly Pastor’s Corner column. For details, email living@tdtnews.com.
Church news items may be submitted by emailing living@tdtnews.com All items are due by noon Monday. | https://www.tdtnews.com/life/faith/article_b804fd4a-f94a-11ec-bc01-77c350d6ca84.html | 2022-07-02T07:41:12Z |
Did you lose money on investments in Innovative Industrial Properties? If so, please visit Innovative Industrial Properties, Inc. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com to discuss your rights.
NEW YORK, April 26, 2022 /PRNewswire/ -- Bernstein Liebhard LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of Innovative Industrial Properties, Inc. ("IIPR" or the "Company") (NYSE: IIPR) between May 7, 2020 and April 13, 2022, inclusive (the "Class Period"). The lawsuit was filed in the United States District Court for the District of New Jersey and alleges violations of the Securities Exchange Act of 1934.
IIPR purports to be an internally-managed real estate investment trust ("REIT") focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated state-licensed cannabis facilities.
In the Complaint, Plaintiff alleges that Defendants made false and/or misleading statements and/or failed to disclose: (1) that IIPR's focus is to be a cannabis company lender rather than a REIT; (2) that the true values of IIPR's properties are significantly lower than the Company represented; (3) existential issues plagued its top customers; and (4) that as a result, its top customers may not be able to continue making payments to IIPR, which would face significant issues replacing these customers.
On April 14, 2022, before market hours, market researcher Blue Orca Capital released a report on IIPR (the "Report") that described the Company as "a marijuana bank masquerading as a REIT. IIPR's model is to conduct sale-leaseback transactions with cannabis producers who are otherwise prohibited from borrowing money because of federal regulations."
The Report explained that "[i]n exchange for overpaying for properties from cannabis companies and funding the tenant improvements to build out the facilities, IIPR receives repayment of the loan in the form of long-term lease agreements at 11–14% yields. In effect, IIPR is less of a traditional REIT, and more of a marijuana bank, lending to cannabis companies who otherwise would not have access to the banking system to grow their businesses. This works so long as the tenants can repay their loans by continuing to make their lease payments, meaning IIPR's business and valuation is contingent on high quality tenants". The Report also stated that "unlike with other REITs, IIPR cannot expect to recover the lost income from defaulting tenants because it appears that the actual values of its properties are substantially below their carrying value on IIPR's balance sheet."
On this news, the price of IIPR stock fell more than 7% to close at $169.68 per share on April 14, 2022.
If you wish to serve as lead plaintiff, you must move the Court no later than June 24, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
If you purchased or acquired IIRP securities, and/or would like to discuss your legal rights and options please visit Innovative Industrial Properties, Inc. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for ten consecutive years.
ATTORNEY ADVERTISING. © 2022 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Contact Information:
Peter Allocco
Bernstein Liebhard LLP
https://www.bernlieb.com
(212) 951-2030
pallocco@bernlieb.com
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SOURCE Bernstein Liebhard LLP | https://www.kxii.com/prnewswire/2022/04/27/innovative-industrial-properties-inc-nyse-iipr-shareholder-class-action-alert-bernstein-liebhard-llp-announces-that-securities-class-action-lawsuit-has-been-filed-against-innovative-industrial-properties-inc-nyse-iipr/ | 2022-04-27T03:26:49Z |
6-year-old boy recovering from alligator bite
LIVINGSTON PARISH, La. (WAFB/Gray News) – A 6-year-old boy is recovering after he was bitten by an alligator in Louisiana.
The incident happened Sunday on Lake Maurepas. Thankfully, Gavin is OK, and the injuries to his foot are minor.
Gavin’s mom Tiffany Cressione said the family was out enjoying a boat ride and stopped to swim at a sandbar. Shortly after getting in the water, Cressione heard a sound no parent wants to hear – Gavin screaming that something had bitten him.
Cressione said her husband picked Gavin up and put him back in the boat.
“I looked over my husband’s shoulder and could see a gator behind him. We live here, so we religiously look all around [for alligators], but obviously there was one out there that we didn’t see,” Cressione said.
Fortunately, the family was prepared for emergencies. They had first-aid supplies on the boat and were able to tend to Gavin’s foot quickly.
Gavin was taken to the hospital for treatment, but his mom said he didn’t even shed a tear. He’s already back to racing monster trucks around his house.
Officials with the Livingston Parish Fire District 2 issued a warning on Facebook to stop feeding alligators in the area, which is causing the animals to feel more comfortable approaching boats and swimmers.
Copyright 2022 WAFB via Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/07/13/6-year-old-boy-recovering-alligator-bite/ | 2022-07-13T15:46:29Z |
NEW YORK, June 27, 2022 /PRNewswire/ -- Attention Dentsply Sirona Inc. ("Dentsply") (NASDAQ: XRAY) shareholders:
The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors. This lawsuit is on behalf of all persons or entities that purchased Dentsply's common stock between June 9, 2021, and May 9, 2022.
If you suffered a loss on your investment in Dentsply, contact us about potential recovery by using the link below. There is no cost or obligation to you.
ABOUT THE ACTION: According to the filed complaint, defendants orchestrated a scheme to inflate Dentsply's revenue and earnings by manipulating the Company's accounting for a distributor rebate program so that senior executives would be eligible for significant cash and stock-based incentive compensation. In order to facilitate this scheme, Dentsply and its executives made numerous false and misleading statements to investors during the class period. As a result of defendants' misrepresentations, Dentsply's common stock traded at artificially inflated prices during the class period.
Aggrieved Dentsply investors only have until August 1, 2022 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent Wong | https://www.kxii.com/prnewswire/2022/06/27/class-action-alert-law-offices-vincent-wong-remind-dentsply-investors-lead-plaintiff-deadline-august-1-2022/ | 2022-06-27T22:12:47Z |
"MASAMUNE™" allows interactive photorealistic visuals on multiple displays with high level of scalability
TOKYO, Aug. 8, 2022 /PRNewswire/ -- Morgenrot, the cloud-based distributed computing power solution provider announces the showcase of its latest technology development, "MASAMUNE™",interactive rendering solution at SIGGRAPH 2022. "MASAMUNE™" is a cost-effective remote-and-immersive interactive streaming solution. The showcase will demonstrate its integration capability, realizing scalable and interactive rendering with photorealistic path-tracing and rasterization, on clustered systems with multiple display configurations. It will also highlight how Morgenrot is able to work with partners to integrate their technology in a scalable manner from CAVE systems to streaming solutions on mobile browsers without imposing heavy tasks.
Morgenrot's interactive rendering technology has a wide range of real-world applications especially in the field of tomography used in multiple areas of science, quantum computing, radiology etc.
Distributed data centers powered by renewable energy
Morgenrot offers cloud based distributed computing solutions that allow end users to tap on high performance computing power anytime anywhere as they need. Our proprietary algorithm Excalibur ® based platform distributes computing tasks across our data center network, and significantly improve overall performance reducing project time and cost. Morgenrot builds containerized server solutions operated by green power. We work with renewable energy providers such as wind farm operators to place our containerized data centers next to the wind farms and tap renewable electricity to generate green data.
Morgenrot offers various rendering services to meet customer needs
Render Pool® : Using GPU servers for massively distributed parallel processing powers, RenderPool ® performs high-speed rendering at a low cost. By applying our distributed computing service, 292 hours of local rendering time could be reduced to 15 hours. Morgenrot offers customized solutions that is tailored to each customer needs.
M:CPP ™: Our cloud GPU service uses the latest technology of AMD and NVIDIA's high-end GPUs targeted for various GPU based computation workloads. M:CPP frees up the problems that come up with platform selection such as cost, specifications, performance, etc. to provide GPU resources quickly for engineers to concentrate on project.
Voxel Pool ™: Morgenrot, In collaboration with Hokkaido University , developed the next generation tomography solution that delivers visualization of 3D volumetric data that bundles a huge amount of 2D images taken at ultra high resolution (technology showcase only).
A media kit is available here.
About Morgenrot
Morgenrot is an engineering driven startup company that provides high performance computing power to anybody who is hungry for computing power anytime anywhere at a low cost. Morgenrot operates over 1,000 servers and plans to expand Japan's borders to provide computing power across all industries including content creation, automotive and industrial designs, medical, and various R&D fields. Morgenrot provides computing power to our customers, through human and earth-friendly digital social infrastructure.
Find out more at: https://morgenrot.net/
Visit our booth at SIGGRAPH 2022: Booth # 940
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SOURCE Morgenrot | https://www.mysuncoast.com/prnewswire/2022/08/08/morgenrot-showcase-interactive-ultra-high-resolution-rendering-technology/ | 2022-08-08T14:58:15Z |
MCDONOUGH, Ga. (AP) — Georgia Gov. Brian Kemp on Friday took aim at the “Biden recession” and tacked the blame on Democrat Stacey Abrams, becoming one of many Republicans to seek to weigh down their rivals with voters’ worries about the economy.
How voters see the economy will be key in November’s elections nationwide. Currently, Democratic President Joe Biden has rock-bottom approval ratings, and a second quarter of economic contraction is compounding political woes brought on by high inflation.
But while the argument against Democrats and the economy is straightforward for Republicans including Georgia’s Herschel Walker, who is challenging Democratic Sen. Raphael Warnock, it’s trickier for Kemp.
Along with other Republican governors seeking reelection, such as Florida’s Ron DeSantis and Ohio’s Mike DeWine, Kemp must defend his economic record while attacking Biden. Kemp at times contends that Georgia’s economy is good and the national economy is bad, even though Georgia voters only experience one economy.
“Georgians know that our economy is fighting through the Biden-Abrams agenda, despite what’s going on nationally,” Kemp told reporters in the Atlanta suburb of McDonough, arguing Abrams bears blame for “runaway spending and disastrous policies” because she campaigned for Biden and even sought to be his vice president.
Abrams said Thursday that Kemp’s division between Georgia and the national economy is “mathematically and economically impossible,” and that Kemp has “woefully underperformed” at helping people.
“He has done very well for those who are already doing well,” Abrams told reporters after a speech in Clayton in north Clayton. “But if you were struggling in Georgia, Brian Kemp has done absolutely nothing to help you move forward.”
The economy also is central in Georgia’s closely contested Senate race. Warnock couches many proposals as meant to fight higher prices, including seeking a suspension of the federal gas tax and price limits on insulin. Walker focuses on increasing domestic oil production and attacks Warnock as a rubber stamp for Biden.
In reality, the economy is “a mixed bag,” said Emory University finance professor Tom Smith. Georgia has record low unemployment and more people working than ever before. Smith said the worst of inflation may be over. Gas prices have fallen more than 50 cents a gallon in Georgia during July, according to AAA. But Smith said the economy is wobbling and that a recession may have been going on for months.
On McDonough’s courthouse square, some voters said Friday that they’re weighing the arguments.
Times are good for Keith Sweat, who owns an art gallery and framing business. He said his business “skyrocketed” when the COVID-19 pandemic made people focus on beautifying their homes, and hasn’t slowed down.
“People ware wary, but they haven’t stopped spending, and that is unusual,” said Sweat. He said he’s not aligned with either party.
Karen Denegall of Ellenwood was helping her sister relocate her coffee shop Friday. She writes off gas prices as caused by the war in Ukraine, but said she’s feeling the pain of high food prices.
“What can we do to make groceries go down?” asked Denegall. A medical worker, she said her own finances are OK, but said she expects some Democrats to defect to Republicans.
Kemp on Friday again said his decision to quickly remove pandemic restrictions promoted prosperity. He pledged further actions in coming months to help voters. He’s already pushed through more than $1 billion in tax rebates and has suspended collection of Georgia’s gas tax since March, forgoing $150 million in monthly taxes.
Abrams has called on Kemp to suspend the gas tax through year end and seeks another round of income tax refunds using billions in state surplus funds. She says Democrats, including Warnock, should get credit for the “resources that have poured into the state” through COVID-19 relief, fattening its coffers and goosing the job market.
Abrams advocates a housing plan that she ways would improve affordability. She also argues that expanding state-federal Medicaid health insurance to all adults would reduce costs for Georgians.
In the Senate race, Walker argues Warnock shares blame with Biden for every economic ill.
“Why has my opponent not voted that we can continue to have an economy that’s going to be flourishing?” Walker said at a recent campaign stop in north Georgia.
Warnock counters by highlighting his work in Washington that aligns him with “working-class Georgians.”
“Listen,” he said recently while campaigning in Atlanta, “I’m focused on lowering prices for ordinary folks.”
While Warnock doesn’t openly embrace Biden, he touts the American Rescue Plan. Biden’s massive pandemic-related spending bill passed without any Republican votes and included a tax cut for lower-income workers.
“If you’re going to give a tax cut — and I believe in tax cuts — you ought to give a tax cut to those who actually need it,” Warnock said.
He’s pushed his work on the so-called CHIPS bill that passed the Senate this week with 17 Republican votes. The plan, pending in the House, would jumpstart microchip production in the United States, with Warnock emphasizing benefits for Georgia firms.
Warnock also highlights Georgia projects in a sweeping infrastructure plan, proposals to lower insulin costs for diabetics and his call to suspend the federal gas tax. Warnock unfurled the gas tax proposal in February, ahead of other Democrats including Biden. In another move showing a fault line between himself and the White House, Warnock emphasizes that he’s “pushing” Biden to be more aggressive in forgiving student loan debts. The president has said he expects to make a decision on such aid in August.
Denegall said she’s listening but is undecided right now.
“I’ve got until November to see how things are going,” she said.
___
Barrow reported from Atlanta.
___
Follow Jeff Amy at http://twitter.com/jeffamy. | https://cw33.com/news/politics/ap-politics/kemp-assails-national-economy-while-touting-georgia-record/ | 2022-07-30T17:48:28Z |
Schaeffer, Honeycutt help UNC beat Va. Tech in ACC tourney
CHARLOTTE, N.C. (AP) — Vance Honeycutt hit two of North Carolina’s four home runs, Brandon Schaeffer pitched his first career shutout and the Tar Heels beat top-seeded Virginia Tech 10-0 at the ACC Tournament. No. 8 seed North Carolina (36-19), which has won five consecutive games, plays fourth-seeded Notre Dame in the semifinals. Honeycutt hit a two-run homer to right-center as part of North Carolina’s four-run first inning and after Angel Zarate led off the second with a home run, Honeycutt added a solo shot to make it 6-0. Schaeffer (7-2), a JUCO transfer, threw a season-high 102 pitches, scattering six hits and hitting a batter with six strikeouts. The Hokies, ranked No. 2 nationally in the D1baseball.com poll, had their seven-game win streak snapped. | https://localnews8.com/news/2022/05/27/schaeffer-honeycutt-help-unc-beat-va-tech-in-acc-tourney/ | 2022-05-28T05:40:51Z |
FAA says it failed to tell Capitol Police about plane flight
WASHINGTON (AP) — The Federal Aviation Administration acknowledged Friday that it failed to alert Capitol Police about a parachute jump at a nearby baseball stadium, a misstep that led to a security alert and evacuation of the Capitol.
“We deeply regret that we contributed to a precautionary evacuation of the Capitol complex and apologize for the disruption and fear experienced by those who work there,” the FAA said in an unsigned statement.
The FAA said it was “taking immediate steps to ensure that we always coordinate well in advance with other agencies to avoid confusion over future aviation events in the Washington, D.C., area.”
The agency said its review of the incident in heavily restricted airspace was continuing.
The FAA didn’t tell Capitol Police that a small plane would circle overhead on Wednesday evening, on its way to drop members of the U.S. Army Golden Knights, who parachuted into Nationals Park for Military Appreciation Night. Not knowing the plane’s mission, congressional staffers fled the Capitol and House and Senate office buildings.
House Speaker Nancy Pelosi, D-Calif., promised a congressional review of the FAA’s actions, which she called “outrageous and inexcusable.”
Many people who work on Capitol Hill have remained on edge more than a year after hundreds of rioters loyal to then-President Donald Trump pushed their way past overwhelmed police officers, broke through windows and doors and ransacked the Capitol as Congress was voting to certify Joe Biden’s 2020 presidential election win.
The FAA is being led by an acting administrator, Billy Nolen. The previous head of the agency, Stephen Dickson, stepped down at the end of March. The White House has not nominated a replacement.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/04/22/faa-says-it-failed-tell-capitol-police-about-plane-flight/ | 2022-04-23T00:28:06Z |
Location bolsters partnership with New Brunswick PTECH High School program
NEW BRUNSWICK, N.J., April 6, 2022 /PRNewswire/ -- CGI (NYSE: GIB) (TSX: GIB.A), a global IT and business consulting services firm, today hosted a ribbon-cutting ceremony and reception celebrating its new office in New Brunswick, New Jersey. Located at 120 Albany Street, the 11,500 square feet facility will be CGI's main office in New Jersey. CGI currently employs over 250 professionals in the region.
"CGI is pleased to establish a location in New Brunswick and join a community that has a rich history in technology innovation and education. New Brunswick is home to the New Jersey Innovation and Technology Hub and is bringing together academic leaders, innovative start-ups and corporate pioneers," said Mike Reagan, Senior Vice-President at CGI. "We look forward to expanding our business relationships with financial services, manufacturing, retail and state and local government clients, collaborating with New Jersey's education institutions on mentorship and intern programs, and helping support the innovation economy in New Jersey."
The new office meets growing client demand for IT and business consulting services in the region and centralizes operations in the state. In addition to housing CGI employees, the office includes collaborative space to foster CGI's mentorship programs, including its work with the New Brunswick PTECH High School program, a STEM-based, public-private partnership intended to establish a clear pathway from high school to college and then to a career. Student participants from the PTECH program were also in attendance at the event, and the school's Principal and Founder, Michael W. Fanelli.
"CGI has been an important industry partner in the PTECH program. Having CGI in New Brunswick will enable PTECH students to have direct access to valuable advice and mentorship as they pursue careers in the technology sector," said Principal Fanelli.
The office's open space reflects New Jersey's rich history in technology innovation with rooms named after famous Garden State innovators including Albert Einstein; Thomas Edison; Beatrice Alice Hicks, who was the first woman engineer hired by Western Electric; Alice H. Parker, who patented the first home heating system; Claude Shannon, who devised the "Rosetta Stone" of computer language; and Michael W. Fanelli, who is the founding principal of the New Brunswick PTECH High School which is changing the lives of underserved students.
To learn more about CGI careers and workplace benefits, visit the company's U.S. career site: www.cgi.com/UScareers.
About CGI
Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 82,000 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.
Stock Market Symbols
GIB (NYSE)
GIB.A (TSX)
www.cgi.com/newsroom
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SOURCE CGI Technologies and Solutions, Inc. | https://www.mysuncoast.com/prnewswire/2022/04/07/cgi-establishes-new-location-new-brunswick-new-jersey/ | 2022-04-07T06:01:33Z |
NEW YORK, Aug. 12, 2022 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Wells Fargo & Company (NYSE: WFC).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/wfc-lawsuit-loss-submission-form/?id=30774&from=4
This lawsuit is on behalf of persons and entities that purchased or otherwise acquired Wells Fargo common stock between February 24, 2021 and June 9, 2022.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until August 29, 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, Wells Fargo & Company issued materially false and/or misleading statements and/or failed to disclose that: (i) Wells Fargo had misrepresented its commitment to diversity in the Company's workplace; (ii) Wells Fargo conducted fake job interviews in order to meet its Diverse Search Requirement; (iii) the foregoing conduct subjected Wells Fargo to an increased risk of regulatory and/or governmental scrutiny and enforcement action, including criminal charges; (iv) all of the foregoing, once revealed, was likely to negatively impact Wells Fargo's reputation; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
JAKUBOWITZ LAW
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New York, New York 10036
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SOURCE Jakubowitz Law | https://www.wibw.com/prnewswire/2022/08/12/wfc-shareholder-alert-jakubowitz-law-reminds-wells-fargo-shareholders-lead-plaintiff-deadline-august-29-2022/ | 2022-08-12T11:17:21Z |
Tree-cutting crane flips over, crashes into home
SHREVEPORT, La. (KSLA) – A home’s roof was crushed in Louisiana this weekend when a tree service crane vehicle flipped over onto it.
Firefighters who were called to respond to the home Saturday around 9 a.m. saw the crane had crashed into the home.
“It appears to be something that went awry when it came to the weight after they cut a section of the tree off and it caused what you see to happen,” Assistant Fire Chief Mark Guastella told KSLA. “In doing so, the boom of the truck went through the house and so it damaged the house significantly.”
Guastella said everyone inside the house was able to get out on the opposite side and weren’t hurt.
The driver of the crane was also uninjured.
It required special heavy machinery operators to remove the crane due to its unstable position.
Copyright 2022 KSLA via Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/08/22/tree-cutting-crane-flips-over-crashes-into-home/ | 2022-08-22T16:08:35Z |
BEIJING, June 27, 2022 /PRNewswire/ -- iQIYI, an innovative market-leading online entertainment service in China, recently announced the debut of several new drama series, films, and variety shows for the summer of 2022. As the first batch of shows released from the 213 new releases announced on May 20, the new titles are closely aligned with the latest viewing trends and demonstrate iQIYI's continuous success in producing premium original content.
New content that entertains and inspires viewers
The latest summer releases span across many themes, meeting diverse viewer preferences and further enriching iQIYI's already expansive content library. The wide selection of content includes drama series, such as Dr. Tang, The Heart Of Genius, and The Lord Of Losers released under iQIYI's LAUGH ON Theater, as well as Love The Way You Are released under iQIYI's SWEET ON Theater; variety shows such as The Detectives' Adventures Season 2 and The Rap of China 2022; and the animation Deer Squad Season 2 as well as the film Face's Verb.
By drawing on the everyday experiences and stories of the general public and the latest social trends, iQIYI produces original content that strongly resonate with a wide range of viewers. For instance, the titles released on May 20 featured several works that chronicle the experience of modern women in different stages of life. My Way portrays the challenges faced by four young mothers, while My Later Half Of Life documents the stories of middle-aged women seeking a balance among their marriage, career, and need for self-actualization.
"Our goal is to present innovative storytelling on matters that are close to our viewers' heart, to make them feel seen and understood," said WANG Xiaohui, President of Professional Content Business Group (PCG) and Chief Content Officer of iQIYI.
The new releases also showcase the success of iQIYI's studio-based production model, offering titles under different themes. From the suspense-themed LIGHT ON Theater, the romance-themed SWEET ON Theater, to the comedy-themed LAUGH ON Theater, iQIYI gains and retains users through delivering well-curated and thoughtful content that resonates across different user groups.
JIANG Bin, Vice President of iQIYI, further shared that thanks to the studio model, iQIYI is able to capture the latest cultural trends and offer rich variety of content. "Content production at iQIYI is built upon our studio model. With each studio having its particular focus and driving brand influence, it helps iQIYI improve operational efficiency and develop contents that cover a wide range of genres."
Curating opportunities for multi-channel viewer interaction
By leveraging market insights and technology, iQIYI continues to develop new ways to facilitate meaningful viewer interaction on- and offline. In the newly released The Lord of Losers, iQIYI's Interactive Video Guideline (IVG) allows users to personalize plot-setting. The latest development in technology-enabled user interaction came at the heel of the "Chat Together" feature, which enables users to partake in a joined viewing experience by sharing invitation links.
With outdoor activities rising in popularity in China, iQIYI will also curate an online-offline entertainment experience by hosting a multi-theme outdoor film watching event, which features unique scenes from iQIYI's well-loved contents, allowing viewers to interact offline with the IPs they enjoy.
CONTACT: iQIYI Press, press@qiyi.com
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SOURCE iQIYI | https://www.wibw.com/prnewswire/2022/06/27/iqiyi-releases-new-titles-summer-showing-its-continued-strength-developing-premium-original-content/ | 2022-06-27T10:52:23Z |
Good friends, Spieth and Thomas have same Masters goal
By TIM DAHLBERG
AP Sports Writer
Augusta, Ga. (AP) — If the motivations for Jordan Spieth and Justin Thomas this week at the Masters are similar it shouldn’t come as much surprise. The two close friends have been chasing the same golf dreams since they were teen-agers trying to beat each other in junior golf. At the moment Spieth holds the bragging rights. But it was Thomas who flew in the private jet with Tiger Woods last week to play a practice round at Augusta National to make sure all the boxes were checked in his quest to win a green jacket of his own. | https://localnews8.com/sports/ap-national-sports/2022/04/06/good-friends-spieth-and-thomas-have-same-masters-goal/ | 2022-04-06T07:22:21Z |
SANTA CLARA, Calif., May 17, 2022 /PRNewswire/ -- SVB Private, a leading provider of private banking, wealth planning and trust services for the innovation economy, today announced that Jon Kropf has joined as Head of Advisor Business Development.
In the newly created role, Kropf is responsible for directing SVB Private's national advisor recruiting strategy and execution. He joins SVB Private during a pivotal period of growth for the firm as it continues to attract advisor talent and expand its footprint in key regional markets where innovation economy clients are located.
"Paralleling the growth trends of the larger innovation economy, we are seeing high demand for private banking and wealth management expertise tailored to entrepreneurs, founders and investors. Jon's leadership will be critical to expand our advisor workforce to meet this growth," said John Longley, Head of Private Bank, Wealth & Trust at SVB Private. "His experience attracting high-caliber advisors and teams that understand both the business and personal needs of the innovation economy client will accelerate our recruiting momentum and ultimately increase our capacity to serve more clients."
Kropf brings a diverse set of experiences across wealth management, investment management, digital banking, and risk management to SVB Private. He most recently served as Senior Vice President at First Republic where he led advisor hiring nationally for Private Wealth Management. Kropf previously served as National Practice Leader for ACA Group's Diversified Financial business segment and led the West Coast asset management regulatory practice at PwC. Kropf has also held roles with PIMCO and the U.S. Securities and Exchange Commission.
"SVB Private is building an incredible platform to serve the financial needs of the individuals behind the innovation economy, and I'm thrilled to be joining to support the growth of our advisor team. With clients representing some of the most innovative companies in the world, SVB Private presents a compelling opportunity for advisors who share that same entrepreneurial spirit," said Jon Kropf, Head of Advisor Business Development at SVB Private.
About SVB Private
SVB Private offers a full range of wealth planning, trust, investment management, banking and brokerage services designed for the specialized financial needs of entrepreneurs, executives and investors behind the world's most innovative companies. SVB Private is one of SVB's core businesses with Silicon Valley Bank, SVB Capital and SVB Securities. Learn more at svb.com/private-bank.
© 2022 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, SVB SECURITIES, SVB PRIVATE, SVB CAPITAL and the chevron device are trademarks of SVB Financial Group, used under license. Silicon Valley Bank is a member of the FDIC and the Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group. SVB Financial Group (SVB) (Nasdaq: SIVB) is the holding company for all business units and groups. [SIVB-C]
Banking, lending and trust products or services are offered by Silicon Valley Bank, a California bank with trust powers. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group (Nasdaq: SIVB) and a member of the Federal Reserve System and the FDIC.
SVB Investment Services Inc. (member FINRA and SIPC; SEC-registered investment adviser) offers brokerage and investment management products and services, and is a wholly-owned, non-bank subsidiary of Silicon Valley Bank. SVB Wealth LLC (an SEC-registered investment adviser) offers wealth management services and is also a wholly-owned, non-bank subsidiary of Silicon Valley Bank. Together, Silicon Valley Bank, SVB Investment Services, and SVB Wealth make up the SVB Private offering.
Investment Products offered by SVB Investment Services Inc. and SVB Wealth LLC are:
None of Silicon Valley Bank, SVB Investment Services, SVB Wealth or any of their respective affiliates provide legal advice. Estate planning requires legal assistance. Please consult your tax or legal advisors for such guidance.
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SOURCE Silicon Valley Bank | https://www.mysuncoast.com/prnewswire/2022/05/17/svb-private-appoints-jon-kropf-head-advisor-business-development/ | 2022-05-17T13:14:45Z |
BELTON — A traffic pattern change is scheduled Thursday night on Interstate 14 that will affect on- and off-ramps, a Texas Department of Transportation spokesman said.
At 7 p.m. Thursday, TxDOT’s contractor will close the first westbound on-ramp to I-14 west of East FM 2410 in Belton and the westbound I-14 off-ramp to Paddy Hamilton Road west of the Belton city limits, agency spokesman Jake Smith said in a news release
Crews will also open the new on- and off-ramps, both located within the area of the highway closures.
The work is expected to be completed by 7 a.m. Thursday, Smith said.
“The intention is to minimize impact to the traveling public,” he said.
The traffic pattern change is part of the transportation agency’s ongoing work to widen I-14 from Harker Heights to I-35 in Belton. The widening project is scheduled to complete in 2023.
Motorists are encouraged to pay attention in the area as traffic adjusts to the new configuration. | https://www.tdtnews.com/news/central_texas_news/article_1cb9237c-e124-11ec-b11f-bfc3f45ba363.html | 2022-06-01T02:10:55Z |
Oyster, which empowers employers to hire and care for talent around the globe, will now help
jobseekers connect with distributed companies directly
LONDON and SAN FRANCISCO, Sept. 6, 2022 /PRNewswire/ -- Oyster, the global employment platform that empowers companies to hire, pay, and care for their global teams, today announced it has launched its Global Employment Pass. With the world's savviest employers embracing talent no matter where they're physically located, Oyster's Global Employment Pass will serve as a central hub for knowledge workers to increase their hireability, create career-defining work experiences, and connect job seekers with open roles.
According to a recent study by Korn Ferry, the world can expect to experience a talent shortage of 85.2 million knowledge workers by 2030, resulting in $8.5 trillion in unrealized annual revenue. Given these findings and the economic headwinds companies are facing, now is the time to embrace global employment and for employees to invest in, and equip themselves with the skills to succeed in a remote environment.
The Global Employment Pass offers access to free training courses through Oyster Academy, Oyster's educational resource program on the future of work, plus exclusive templates and materials to help job seekers effectively communicate how prospective employers can utilize the distributed workforce model.
Knowledge workers will also have access to Oyster's Global Job Board, which has more than 280 remote jobs available throughout the globe.
"Our Global Employment Pass is a resource and a solution for the enormous global talent pool seeking new opportunities due to sweeping layoffs and The Great Resignation," said Tony Jamous, co-founder and CEO of Oyster. "Remote work is no longer just an option — it's an expectation. Companies that embrace distributed work will attract and retain top talent and benefit from a more diverse workplace."
Oyster's mission is to remove the barriers to cross-border employment so that employers can tap into the global talent pool, creating better opportunities for workers, while also creating more inclusive workplaces. Oyster, founded in January 2020, announced a $150 million Series C at a $1 billion valuation in April 2022. Oyster aims to see more than $1 billion injected into emerging economies by global companies by 2024.
About Oyster
Oyster is a global employment platform that empowers companies to hire, pay, and care for their global teams. It enables growing companies to give valued international team members the experience they deserve, without the usual headaches or expense. Oyster empowers hiring anywhere in the world with reliable, compliant contracts, payroll and great local benefits and perks. Founded in January 2020 by Tony Jamous and Jack Mardack, Oyster is itself a fully distributed company with a diverse, global team. For more information visit https://oysterhr.com.
Media Contact:
Gabriel Kesseler
gabriel.kesseler@oysterhr.com
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SOURCE Oyster | https://www.wibw.com/prnewswire/2022/09/06/oyster-launches-its-global-employment-pass-connect-knowledge-workers-with-distributed-companies-remote-jobs/ | 2022-09-06T14:34:49Z |
HONG KONG, July 31, 2022 /PRNewswire/ -- OneCool Collective: Asia's first Web3 project that sets out to disrupt the entertainment and movie industry, announces its first "Warriors of Future" NFT collection. Inspired by the movie's powered armor, Warriors of Future NFT is a collection of 10,000 unique 3D avatars featuring four types of soldiers. The NFT will be minted on August 6th, 2022 at https://www.onecoolcollective.com/.
High-resolution images can be downloaded here
Warriors of Future is a multi-million-dollar Hong Kong sci-fi action movie produced by Louis Koo, directed by visual effects artist Ng Yuen-Fai in his directional debut and stars Louis Koo, Sean Lau and Carina Lau. The film is set in the future where Earth is devoid of life due to climate change and pollution, while a meteorite brings an extraterrestrial life to our planet. The movie took 6 years to produce, and is set for theatrical release in Asia this year.
Warriors of Future is a pioneer in adopting an innovative interchangeable mechanism in their NFT collection, allowing holders to interchange traits within the NFTs they hold. There are 5 interchangeable parts: weapon, armor body, arms, helmet, and the background. These interchangeable elements will be reflected in real-time in the NFT marketplace. The holder will also be able to use their NFT in action as an avatar in the upcoming Warriors of Future mobile game. OneCool Collective's Warriors of Future NFT, powered on the Ethereum blockchain, looks to support new enriching experiences and provide exclusive utilities to users by holistically merging virtual and physical worlds. In addition to the NFT launch, the campaign also engages fans through a series of AR activations, and phygital sales of movie merchandise, that allow for interaction and deployment of the virtual collectibles in the OneCool ecosystem. The aim is to create a OneCool community that will empower and elevate Entertainment and Movie IPs through Web3 integration.
OneCool Collective: Warriors of Future NFT is the first series of a long term Web3 and entertainment IPs' integration project, a collaboration between One Cool Group and Gusto Collective with the vision of bringing best-in-class movies and entertainment experiential cultures into the digital world. With over 20 films produced and distributed over 9 years, One Cool Group is Asia's leading film enterprise with an all-round scope of operations including film and animation production, film distribution, post-production and artist management. Gusto Collective, Asia's first brand tech group applies the latest technology to drive value and growth for brands through immersive and engaging experiences across the physical and virtual worlds. Gusto has over 90 clients in Asia.
"We are so excited to unlock the limitless potential of the entertainment industry powered by blockchain for our next-gen users. Our upcoming film titled Warriors of Future serves as a pioneer in such a collaboration, which allows us to explore more possibilities in the future. We look forward to connecting the best of the entertainment industry in ways and experiences that were not possible before." said Ella Wong, Chief Financial Officer of One Cool Group.
"Web3 is the future of entertainment. It's a game-changer with a vision for a more open, decentralized, and secure internet, enabled by advances in technologies like blockchain and machine learning. We, at Gusto Collective, are delighted to be at the forefront of bringing change to benefit creators, entertainers, and their fans in the industry. The emerging concept of ownership of digital assets has immense potential. Our collaboration with One Cool Group aims to supercharge the impact of entertainment IPs by unleashing the full power of a Web3 toolkit to create content, experiences and value for all stakeholders of the IPs. " said Aaron Lau, Founder & CEO of Gusto Collective.
Gusto Collective
Gusto Collective is Asia's first BrandTech group – delivering best-in-class storytelling and immersive experiences, powered by the latest technology. Gusto is a leading player in determining the future of next-gen customer experiences that are increasingly operating within the spheres of AR/VR, the metaverse, NFTs and Web 3. The company was founded in January 2020 by Aaron Lau, a technology and marketing veteran, and renowned business leader. Gusto Collective has four core service specialisms: luxury brand management, VR/AR experience platform, Web 3 turnkey solutions and Metahuman marketing platform. Currently, the BrandTech group has over 170 full-time "Gustodians" across three offices in Hong Kong, Shanghai and London, and has recently completed its Series A fundraising at $23 million USD, with Animoca and Gaw Capital leading the round.
OneCool Group
One Cool Group Limited is a fast-growing company exquisitely equipped for the film industry and one of the leading film enterprises in Asia. Our philosophy is "Visionary in Creativity, Strive for Diversity". Filmmaking is our core business, with future expansion in related area.
The Group aims to provide a full-ranged service including project development, film financing, production, post-production and distribution, sound and visual effects, film promotion and artist management. As a diversified content provider, we are able to tailor our services to advocate both traditional culture in filmmaking and the new form of entertainment.
The headquarter of One Cool Group Limited is located in Hong Kong with its affiliated companies over Asia, covering Mainland China, Thailand and South Korea. One Cool's team is gathered with top experts and professionals from the field, talents with solid experience in film business and devoted to bring in new "Scene" to the Asian audience and market.
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SOURCE Gusto Collective | https://www.kxii.com/prnewswire/2022/08/01/onecool-collective-debuts-warriors-future-asias-first-blockbuster-movie-nft/ | 2022-08-01T03:47:40Z |
NEW YORK, Aug. 9, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Outset Medical, Inc. ("Outset" or the "Company") (NASDAQ: OM). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Outset and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On June 13, 2022, Outset issued a press release announcing, among other things, guidance for the second quarter of 2022. In the press release, Outset also announced that it "implemented a shipment hold on the distribution of its Tablo Hemodialysis System for home use pending the Food and Drug Administration's ('FDA') review and clearance of a 510(k) the Company submitted for changes made since the device's original March 2020 clearance."
On this news, Outset's stock price fell $6.95 per share, or 34.05%, to close at $13.46 per share on June 14, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP | https://www.kxii.com/prnewswire/2022/08/09/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-outset-medical-inc-om/ | 2022-08-09T06:51:58Z |
IRS revokes tax-exempt status of North Carolina NAACP
RALEIGH, N.C. (AP) — North Carolina’s influential state chapter of the NAACP has lost its federal tax-exempt status for failing to file tax returns for three years, according to the federal government.
The Internal Revenue Service stripped the civil rights organization’s state chapter of its tax-exempt status May 15 under a process that automatically revokes the designation for nonprofits that fail to file federal tax returns for three consecutive years, according to a post on the IRS site. The status change was made public this month.
The state chapter has been a prominent voice in decrying the policies of the state’s Republican-controlled legislature, including challenging voter access laws in recent years. Earlier this month, the civil rights group scored a victory when the state Supreme Court ruled a lower court must consider nullifying a voter ID mandate approved by citizens in 2018.
The loss of federal tax-exempt status was first reported by The News & Observer in Raleigh. The newspaper reports that experts on charitable giving say losing the status could hinder fundraising efforts and potentially drain the organization’s resources through taxes on donations and fines.
The newspaper also reported that the national NAACP intervened in 2019 to place the state chapter under a punitive administratorship, giving the national organization more input in how the state branch is staffed and operated. The state and national organizations are working to restore the branch’s tax-exempt status.
Da’Quan Love was recently appointed by the national organization to serve as executive director of the North Carolina NAACP. He told WRAL-TV he views his role as a consultant to help the state chapter shore up its finances as the national organization performs a multi-year audit of its finances. He previously served as a leader of the Virginia branch of the NAACP.
“The national NAACP has launched a financial audit, a full financial, multi-year audit of the state conference as well as all the branches in the state of North Carolina to rectify these issues and get to the bottom of these challenges and ensure that this does not happen again and we’re in good financial standing,” Love told WRAL.
He said the national organization will provide the state chapter with resources and support so it can continue its civil rights work including get-out-the-vote efforts ahead of the November election.
The loss of tax-exempt status became public weeks after former state chapter president The Rev. T. Anthony Spearman was found dead in his home. A cause of death has not been released. Spearman, who lost a bid in 2021 for reelection to lead the state chapter, had filed a lawsuit against state and national NAACP officials accusing them of defaming him and conspiring to remove him from the presidency.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/08/31/irs-revokes-tax-exempt-status-north-carolina-naacp/ | 2022-08-31T18:43:41Z |
BLOOMFIELD HILLS, Mich., April 13, 2022 /PRNewswire/ -- For the second consecutive year, Forbes ranked Jeffrey Fratarcangeli, managing principal of Fratarcangeli Wealth Management of Wells Fargo Advisors Financial Network, the No. 1 Best-In-State Wealth Advisor in Michigan for Private Wealth.
SHOOK Research develops the annual Forbes Best-In-State Wealth Advisor list1 based on an algorithm of qualitative criteria gained through telephone, virtual and in-person due diligence interviews, and quantitative data. Forbes received 34,925 nominations, an increase of more than 2,000 year-over-year. To be considered, advisors must have a minimum of seven years of experience, and the algorithm weighs factors such as revenue trends, assets under management, compliance records, industry experience and those that encompass best practices in their approach to working with clients.
"Building long-lasting, meaningful relationships with our clients is the foundation of our practice, not individual transactions," said Fratarcangeli. "These relationships, coupled with the dedication of our team, have fueled the growth of Fratarcangeli Wealth Management, but more importantly, they have allowed us to help our clients achieve their investment goals with sound financial strategies."
Fratarcangeli has more than 25 years of experience and has consistently been recognized among the top wealth advisors in the country. Most recently, Fratarcangeli was ranked No. 63 on Forbes' 2021 America's Top 250 Wealth Advisors2 list, up six spots from the previous year, and Barron's ranked Fratarcangeli 23rd in its Top Independent Advisors3 list, which includes the top 100 advisors in the U.S.
Fratarcangeli manages more than $2.85 billion as of April 1, 2022, a more than 100% increase since 2018. The practice, comprised of 21 professionals, has four offices across the U.S. and services high net-worth families, athletes and entertainers, publicly traded companies, foundations, government agencies, and many other entities. To learn more about Jeffrey Fratarcangeli and Fratarcangeli Wealth Management, visit www.fratarcangeliwealth.com or call 248.385.5050.
About Wells Fargo Advisors Financial Network
For 20 years, Wells Fargo Advisors Financial Network, the independent brokerage arm of Wells Fargo & Company, has simplified independence by partnering with successful financial advisors and fostering a mutual passion for doing what's right for clients. Investment products and services are offered through Wells Fargo Advisors Financial Network, LLC, Member SIPC, a registered broker-dealer and non-bank affiliate of Wells Fargo & Company. www.wfafinet.com.
Fratarcangeli Wealth Management is a separate entity from Wells Fargo Advisors Financial Network.
1 The Forbes Best-in-State Wealth Advisors ranking algorithm is based on industry experience, interviews, compliance records, assets under management, revenue and other criteria by SHOOK Research, LLC, which does not receive compensation from the advisors or their firms in exchange for placement on a ranking. Investment performance is not a criterion. High Net Worth designates advisors whose account sizes are typically under $5mm, though may have accounts with higher amounts. Private Wealth designates advisors whose account sizes are typically $5mm and above, though may have accounts with lower amounts.
2 The Forbes America's Top 250 Wealth Advisors ranking algorithm is based on industry experience, interviews, compliance records, assets under management, revenue and other criteria by SHOOK Research, LLC, which does not receive compensation from the advisors or their firms in exchange for placement on a ranking. Investment performance is not a criterion.
3 The Barron's Top 1,200 Advisors rankings are based on data provided by thousands of advisors. Factors included in the rankings were assets under management, revenue produced for the firm, regulatory record, length of service, quality of practice and client retention.
©2022 Wells Fargo Clearing Services, LLC. All rights reserved.
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SOURCE Fratarcangeli Wealth Management | https://www.kxii.com/prnewswire/2022/04/13/jeffrey-fratarcangeli-named-best-in-state-wealth-advisor-michigan-by-forbes/ | 2022-04-13T12:30:56Z |
Company wins the "Next Gen Risk Management" category during the 10th Annual Global InfoSec Awards
TEL AVIV, Israel, June 6, 2022 /PRNewswire/ -- Vulcan Cyber, developers of the cyber risk management platform for infrastructure, application, and cloud security, today announced the company has been recognized as a Next Gen Risk Management company in the 10th Annual Global InfoSec Awards from Cyber Defense Magazine.
"We're proud to receive this coveted award from Cyber Defense Magazine and to be recognized during one of the industry's most impactful conferences," said Yaniv Bar-Dayan, CEO and cofounder of Vulcan Cyber. "Our team is dedicated to helping organizations manage and mitigate cyber risk across all digital surfaces, rather than blindly attending to vulnerabilities that don't present actual risk to their business. This recognition highlights our team's work in helping IT, security, cloud-native and business teams to work together to own and mitigate the cyber risk that threatens their business."
Recent Vulcan Cyber research revealed that 76% of companies have been impacted by IT unmitigated vulnerabilities but only 33% of the same security executives said their organizations consider risk-based vulnerability management to be very important. This is where Vulcan Cyber is filling a gap.
Vulcan Cyber delivers an end-to-end risk management platform which automates security tasks and allows disparate teams and tools to collaborate efficiently. The platform consolidates security data then provides a consolidated dashboard for security teams to see their unique risk. Then Vulcan Cyber is used to orchestrate and track mitigation campaigns in real time across all teams. Vulcan Cyber also integrates easily with all of a team's existing tools for vulnerability assessment, asset management, collaboration, ITSM, patch, cloud-native application development and more, acting as an umbrella to bring all these tools together to efficiently remediate vulnerabilities.
"Vulcan Cyber embodies three major features we judges look for to become winners: understanding tomorrow's threats today, providing a cost-effective solution, and innovating in unexpected ways that can help mitigate cyber risk and get one step ahead of the next breach," said Gary S. Miliefsky, Publisher of Cyber Defense Magazine.
The company is laser focused and committed to helping overworked and under-supported security teams measure and communicate cyber risk to deliver impactful cyber risk management programs. The platform consolidates all vulnerability and IT asset data and combines it with threat intelligence feeds, giving a single view into the organization's unique vulnerability risk in order to strategically prioritize which vulnerabilities could be the most harmful to the business and its digital assets.
To view the Vulcan Cyber risk management platform in action, schedule a live demo during RSA here, or stop by our booth in the Moscone Center North Expo Hall at booth 5480.
To see Vulcan Cyber in action, please request a demo or try Remedy Cloud today. In addition, Vulcan Free is now available as the industry's only free vulnerability prioritization tool. Request Vulcan Free access today.
Vulcan Cyber has developed the industry's first cyber risk management platform, built to help businesses reduce cyber risk through measurable and efficient infrastructure, cloud and application security programs. The Vulcan platform orchestrates and tracks the cyber risk management and remediation lifecycle from scan to fix by prioritizing vulnerabilities, curating and delivering the best remedies, and automating mitigation processes through the last mile of remediation at scale. Vulcan Cyber is proud to offer Remedy Cloud and Vulcan Free as freemium SaaS solutions for IT security teams at businesses of all sizes. The unique capability of the Vulcan Cyber platform has garnered Vulcan Cyber recognition as a 2019 Gartner Cool Vendor and as a 2020 RSA Conference Innovation Sandbox finalist. https://vulcan.io
Media contact:
Dex Polizzi
Lumina Communications on behalf of Vulcan Cyber
vulcan@luminapr.com
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SOURCE Vulcan Cyber | https://www.mysuncoast.com/prnewswire/2022/06/06/vulcan-cyber-named-winner-global-infosec-awards-rsa-conference-2022/ | 2022-06-06T17:19:01Z |
NIH-funded study shows RVX201 exhibits robust protection against recurrent HSV-2 disease in guinea pig model
WOBURN, Mass. and OXFORD, England, July 8, 2022 /PRNewswire/ -- Rational Vaccines, a company focused on revolutionizing the treatment and prevention of herpes to eradicate the disease, today announced findings from an National Institutes of Health (NIH)-funded pilot study of RVX201, the Company's lead therapeutic vaccine candidate for herpes simplex virus type 2 (HSV-2). Results showed that treatment with RVX201 led to a reduction in recurrent genital lesions when compared to gD2-alum/MPL vaccine or placebo in vivo. In addition, RVX201 appears to generate a robust cellular immune response equivalent to that elicited by wild-type HSV-2 on Day 7 post-infection. Results showed that in comparison to no vaccine, animals that received RVX201 had the number of symptomatic days reduced by 45 percent while those that received gD2-alum/MPL vaccine only had a 24 percent reduction in symptomatic days.
"HSV is one of the most prevalent sexually transmitted infections. It is a cause of severe neonatal infections and a leading infectious cause of blindness in the Western world," said Konstantin G. Kousoulas, Ph.D., professor of virology and biotechnology, Louisiana State University (LSU) School of Veterinary Medicine, and vice president of scientific affairs at Rational Vaccines. "This therapeutic study shows that RVX201 confers significant protection from HSV-2 reactivation in latently infected animals. Specifically, results indicate significant reduction in viral titers and lesion scores in genital tissues of immunized guinea pigs in comparison to animals vaccinated with purified glycoprotein D (gD) with adjuvant. Additional prophylactic studies in mice have shown drastic protection against lethal HSV-2 genital challenge. Overall, these results as well as available limited human studies indicate that RVX201 can be an effective prophylactic and therapeutic vaccine approach against HSV-2/HSV-1 infections."
"In this pilot study we demonstrate that RVx's lead candidate, RVX201, performs significantly better than gD-2 when delivered via the same route" said Dr. Edward Gershburg, Chief Technology Officer for Rational Vaccines. "RVX201 reduced recurrences and number of symptomatic days by almost two-fold when compared to placebo. These results are consistent with our earlier observations, and warrant further testing of this candidate in humans."
The herpes simplex virus (HSV), commonly referred to as herpes, is categorized into two types: herpes simplex virus type 1 (HSV-1) and herpes simplex virus type 2 (HSV-2). HSV-1 is the primary cause of oral herpes but can also cause genital herpes. HSV-2 is the primary cause of genital herpes. According to a 2020 report by the World Health Organization (WHO), herpes infects billions globally – about a half a billion people worldwide are living with genital herpes, and several billion have an oral herpes infection. Both HSV-1 and HSV-2 infections are lifelong.
While most herpes infections are asymptomatic, a significant number of people experience a range of symptoms that vary in frequency and severity. The most common symptoms for both types of herpes are painful blisters or ulcers. In addition, many patients experience debilitating neuralgia, skin splits, fissures, minor abrasions, erythema, fever, chills, and myalgias. Both viruses are most contagious during a symptomatic outbreak, but they can still be transmitted in the absence of symptoms.
There is no cure for herpes. There are no approved vaccines or immunotherapies or sufficiently reliable diagnostics currently available1. Antiviral medications developed in the 1970s can help to reduce the severity and frequency of symptoms but cannot cure the infection.
Rational Vaccines is revolutionizing the treatment, prevention, and diagnosis of herpes and herpes-related diseases with its rationally engineered, live-attenuated viral immunotherapeutic and prophylactic vaccine candidates. Led by a team of world-renowned scientists, the Company is headquartered in Woburn, MA with locations in Miami, FL and Oxford, UK. For more information, please visit www.rationalvaccines.com
1https:/www.who.int/news-room/fact-sheets/detail/herpes-simplex-virus and Herpes - STI Treatment Guidelines (cdc.gov)
2https://pubmed.ncbi.nlm.nih.gov/16327322/
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SOURCE Rational Vaccines | https://www.wibw.com/prnewswire/2022/07/08/rational-vaccines-herpes-simplex-type-2-hsv-2-therapeutic-vaccine-candidate-demonstrates-efficacy-therapeutic-animal-study/ | 2022-07-08T11:43:17Z |
Wearing the signature black and gold colors of the Latin Kings street gang he once led, Antonio Fernandez recently walked through the Maria Hernandez Park in the majority-Hispanic neighborhood of Bushwick, Brooklyn.
It is here that Fernandez, formerly known as King Tone, held gatherings for hundreds of his fellow gang members in the 1990s. On a sweltering July day, Fernandez returned to the park with a new goal: to seek out young men and divert them from the path he once travelled.
"This was the place where I practiced how to become a better leader," said the 56-year-old Fernandez, a third generation Puerto Rican, who led the Latin Kings in New York from 1995 to 1998. Fernandez was sentenced in 1999 to 13-and-a-half years in prison after pleading guilty to conspiring to sell narcotics but served nine-and-a-half years, including three years in solitary confinement.
Fernandez approached strangers with ease, part of what he calls "mapping." The goal, he says, is to identify young people in need of direction. He was also looking for natural leaders, adults who have the potential to mentor and youth who are experiencing challenges they once faced -- poverty, violence and drug addiction.
As US cities struggle to reign in the sustained rise in gun violence since the onset of the coronavirus pandemic, some officials are turning to a burgeoning intervention program known as the Credible Messenger Mentoring Movement (CM3). Fernandez is the lead national trainer for CM3, which is expanding youth mentorship and rehabilitative programs in communities across the nation most impacted by violent crime.
CM3 partners with government agencies and community groups, providing them with a model to recruit, train and deploy "credible messengers" so they can have a transformative impact on youth in the criminal justice system or at risk of incarceration. Clinton Lacey, who founded CM3 in Washington, DC, in 2021, defines credible messengers as natural leaders rooted in the communities they serve. They become "credible" by drawing on their shared life experiences in the justice system and in their communities to leverage trust and build relationships with young people and families.
"We are demonstrating that if you invest in the communities that have traditionally been seen as the source of the problem or pathology, that if you shift the focus from seeing them as negative actors who produce problems, it's clear that within those communities are people with expertise and solutions. That's what the credible messenger represents," said Lacey.
Credible messengers, a term that traces back to Eddie Ellis, a former member of the Black Panther Party, have existed for decades in various forms. Ellis developed the concept while incarcerated in a New York state prison in the 1970s and 1980s for a murder he didn't commit. He recognized that people with insider knowledge of the criminal justice system can be powerful mentors, helping to heal trauma and address the root causes of violence.
Inspired by Ellis, Lacey says that CM3's objective is to transform systems and institutions that have "for so long acted in a racially disparate way towards Black and Brown people."
CM3 was born from the success of other credible messenger programs. One of them is Arches, which Lacey helped to establish in 2012 during his time as deputy commissioner of the New York City's probation department. The city became the first to employ a mentoring program like Arches that connects high-risk young people on probation ages 16 to 24 to mentors with similar life experiences.
Arches proved to be highly effective in reducing recidivism rates among young people by teaching life skills, building trusting relationships and changing behavioral patterns.
In 2021, Lacey founded CM3 in Washington, DC. Central to the CM3 model is a 35-hour intensive training curriculum and a long-term commitment by credible messengers, who are expected to continue their relationships with youth and their families long after their mentees transition out of the justice system.
The training program incorporates research from both medical and mental health fields, teaching courses focused on the impact of trauma on adolescent brain development as well as crisis intervention and conflict resolution. One of the courses is titled "The Art of Science and Hope," which is informed by Arizona State University's Center for the Advanced Study and Practice of Hope. The institute is directed by Dr. Richard Miller, who has trained CM3 leadership on the importance of teaching hopefulness to children in encouraging them to plan for goals, future opportunities and life challenges.
Credible messengers reduce recidivism, study shows
"These kids were dealt a bad hand. A bad hand is also a system that is broken. A system that sets them up for failure," Fernandez told a group of a dozen credible messengers gathered for a four-hour training session in July in Jersey City.
Standing alongside Fernandez, Lacey told the group, "For a system that is historically broken, what's the alternative? We are the alternative."
Lacey says that the credible messenger approach can change the trajectory of at-risk youths and turn communities around. New York City officials seemingly agree, bringing in CM3 leadership to join Mayor Eric Adams' "Public Safety Transition Committee" to recommend safety actions he should take during his first 100 days in office. CM3 was also supported by Congressman Adriano Espaillat (D-NY) to receive $530,000 in federal community project funding.
Over the past year, CM3 has expanded to Jackson, Mississippi, Houston, Seattle, Orlando, Florida, Jersey City, New Jersey, and Los Angeles. Its leaders are also working to implement their program in juvenile facilities in Los Angeles County, Alameda County and South Carolina's Department of Juvenile Justice, according to Lacey.
This growing interest in the program is a result of the proven success of Arches and the elements of that program that inspired the CM3 framework.
A study conducted by the Urban Institute between November 2015 and June 2017 found that Arches participants had a 69% lower felony reconviction rate within 12 months of starting probation. Within 24 months, the rate remained 57% lower than a group of young people who did not participate in the study.
The decision by New York City to become the first government agency to employ credible messengers under the Arches program is a recognition of "the national limitations that an agency like probation has in terms of reaching young people who distrust government and other entities," and those who have been failed by other adults in their lives, said Ana Bermudez, commissioner of the New York City Probation Department, in an interview with CNN.
"This just gives us more opportunities to not lose young people to incarceration, to the streets and to be able to rechannel them and tap into their potential more effectively," Bermudez said.
Working with the system
As the lead national trainer for CM3, Fernandez has trained staff in probation departments, courts, detention centers and other agencies which have legal authority over the young people that CM3-trained credible messengers serve.
Fernandez manages a team of CM3-trained credible messengers within a juvenile rehabilitation facility called the New Beginnings Youth Development Center in Washington, D.C., which is run by the District of Columbia Department of Youth Rehabilitation Services (DYRS).
"I do my rounds at New Beginnings every week. I see my kids, I see my staff, I make sure that everybody is accountable and is doing what was instructed," Fernandez said.
Lacey became the director of DYRS in 2015 and helped to establish an initiative that included core features of Arches but expanded mentoring services to the families of youth as well. Like Arches, it was another program that inspired the creation of CM3.
CM3's trained credible messengers at New Beginnings participate in group counseling sessions with youth and therapists and attend staff meetings that review juvenile cases and track their progress. They work closely with facility officers, administrators and mental health staff to share insights on each case, offer solutions for a child's rehabilitation, and participate in meetings to discuss whether a child is ready to return home.
CM3's trained credible messengers also work with youth who are being court-supervised by probation officers as they navigate the justice process. This includes accompanying youth to court appearances, communicating with their probation or parole officer and ensuring they comply with court mandates.
Raequan McIver, 25, arrived at New Beginnings when he was 16 years old, after being charged with assault with a deadly weapon. McIver says he started acting out after he was diagnosed with learning disabilities in elementary school. His first arrest took place when he was in 9th grade, and he soon began hanging out with older kids who introduced him to firearms, he says.
McIver, who is Muslim, said his mentor first taught him about his religion and would help him read the Quran, which made him feel more comfortable to open up about his family and the struggles he faced.
"My mentor ... told me about his time in jail, the harsh experiences he had encountered while in there," McIver said. "He told me, 'I spent decades watching my kids grow up without me. The thing I loved the most, I had to leave. Is it worth it?'"
After McIver left New Beginnings when he was 18, his mentor helped him gain financial literacy, create his resume and prepare for interviews. When he was offered a job at a local hospital, McIver's mentor bought him clothes and transported him to work during his first two weeks until his first paycheck.
Now, McIver is a credible messenger himself.
"I can say that credible messengers impacted my life and turned me around from being a menace to now being a mentor, a big brother and a father."
'I didn't have a broken home, I had a poor home'
Fernandez, who grew up in a Catholic family in East New York with four sisters, said he "didn't have a broken home, I had a poor home." His father worked over 12 hours every day, which allowed Fernandez to roam the streets. He says that freedom led him on a path to selling drugs at a young age.
Fernandez joined the Latin Kings gang when he was 19 years old while he was serving time in Rikers Island prison for drug possession. Members of the gang who were in prison with Fernandez taught him about his Puerto Rican heritage and how to read.
"I found healing in the place where I had the most trauma of my life," he said. "It really confused me that I found healing in the jail and not in school, not in my own neighborhood."
When Fernandez left prison in 1992, he says he was intent on reforming his fellow gang members. He wanted to engage them politically on issues important to Hispanic communities. While many of his gang members supported his mission, others resisted and decided to leave.
Fernandez believes that if young people have support systems that relieve the oppression they face, their aggravation that leads to violence starts to diminish.
"If he never felt understood or loved, now he knows it because you relieve him -- you give him mental health services, shelter and food," he said.
While at Maria Hernandez Park, Fernandez walked up to a teenage boy who was doing pull-ups at the park gym. With a big smile on his face, Fernandez gave him his business card and encouraged him to reach out if he "ever needs anything."
"You see, I'm comfortable talking with strangers," he said. "That's what I practice, being able to talk to kids and engage with them. That's where I'm comfortable the most. That's just my reality."
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Record-setting day helps Green golfer Kyle Smith win Federal League Preseason Tournament
TUSCARAWAS TWP. — Kyle Smith could not have asked for a better start to a golf tournament.
The Green High School junior's scorecard showed three birdies in three holes right away. Starts like this usually lead to wins.
Smith quickly remembered who he was playing with in Tuesday's Federal League Preseason Boys Golf Tournament at Elms Country Club. With Hoover's Mario Tortorella and Jackson's Jordan Kish also in the group, he knew he couldn't let up.
He didn't.
Smith shot a career-tying best and league record 66 to earn medalist honors and continue a great stretch of golf that started before the high school season. His other 66 occurred during the Bulldogs' preseason tryout.
You knew this could be a record-setting day when Smith was sitting at 31 after nine holes.
"It's one of the best starts I could have," Smith said. "I just tried to not think about it too much. I just tried to keep playing my golf."
Tortorella and Kish can take advantage of the slightest slip up. Smith knew it. That helped fuel him to the finish.
The runner-up and third-place scores could easily be winning scores many days. Tortorella finished second at 69. Kish shot 71.
"It's always a blast playing with Mario and Jordan," Smith said. "... Mario's 69 really made sure I didn't make any mistakes. That was good for me. I had to really focus with Mario chasing me the whole time.
"Jordan is a great player. Mario is a great player. They really make sure I have to play well to beat them."
The way Smith is playing, 2022 has the potential to be a special season.
Smith finished runner-up behind former Green state champion Maxwell Moldovan at last month's Stark Amateur Championships. His 67 in the final round was the lowest score of the day.
A few weeks earlier, Smith broke 70 for the first time at a Northern Ohio PGA junior event at Windmill Lakes. He shot rounds of 69 and 67 on his way to a win.
"It felt good to finally get that out of the way," Smith said of breaking 70. "I know how to go low. It has been a fun stretch of tournaments to play in."
Kish still had reason to celebrate Tuesday. Jackson won the team title with a 300. The Polar Bears finished 13 shots ahead of Hoover.
All four Jackson scorers finished in the 70s. In addition to Kish, Fletcher Clark shot 75, Aidan Loy fired a 76 and Max Weber finished at 78.
Reach Mike at mike.popovich@cantonrep.com
On Twitter: @mpopovichREP | https://www.cantonrep.com/story/sports/high-school/golf/2022/08/10/kyle-smith-green-high-school-boys-golf-federal-league-preseason-tournament/65396357007/ | 2022-08-10T02:11:11Z |
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