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KYIV, Ukraine (AP) — The Ukrainian military said Monday that it had repelled more than a dozen Russian attacks in the country’s east and north, including attempts to advance on key cities in the eastern industrial heartland known as the Donbas.
In its regular Facebook update, the military’s general staff said Russian troops had attempted to push towards Kramatorsk, one of two major cities in the eastern Donetsk province that remain under Ukrainian control, but “they failed completely and chaotically retreated to their previous positions.”
In the same post, the military said Russian forces had staged an unsuccessful assault on Bakhmut, a strategic town in the Donetsk region whose capture would pave the way for Russia to take Kramatorsk and the de facto Ukrainian administrative capital, Sloviansk.
The Donetsk region is one of two provinces that make up the Donbas, where the fighting has largely been focused in recent months, since Kremlin forces retreated from around the capital, Kyiv.
Russian officials announced the full capture of the Luhansk region, the second of the two, early last month, though its Ukrainian governor has repeatedly claimed that Kyiv’s forces are holding out in a small area near the regional boundary.
In the same update, the military claimed that Russia had tried and failed to break through Ukrainian defense lines in the northern Kharkiv region, home to Ukraine’s second-largest city, but were “met harshly and thrown back.”
Meanwhile, the Russian FSB, the KGB’s main successor agency, said that it had thwarted a “sabotage and terrorist attack” on an oil pipeline in Russia’s southern Volgograd region, which it blamed on two Russian citizens colluding with Ukrainian security forces.
The claims could not be immediately verified.
Elsewhere, Russian and Ukrainian officials traded more accusations Monday about renewed shelling of the Zaporizhzhia nuclear power plant, with each side alleging that the other was responsible for the attacks that have raised fears of a catastrophe.
The press office of the Kremlin-backed administration in Enerhodar, the Russian-controlled city where the plant is located, told the Interfax agency that Ukrainian forces were carrying out “massive shelling” of the facility, as well as Enerhodar’s residential and industrial areas.
According to the statement, the shelling came from nearby Nikopol, a Ukrainian-held city which faces the plant across the Dnieper River.
The mayor of Nikopol later said that Russians were shelling Enerhodar themselves.
Mayor Yevhen Yevtushenko and other municipal authorities in Nikopol have repeatedly accused Russian troops stationed at the plant of shelling the city, knowing that Ukrainian forces there were unlikely to fire back.
Ukrainian President Volodymyr Zelenskyy renewed his call for fresh sanctions against Moscow and its nuclear industry in response to the situation. He described Russian forces’ actions there as “nuclear blackmail” that may embolden malign actors worldwide.
As Russian forces kept up their artillery barrages around Ukraine, at least three Ukrainian civilians were killed and 20 others wounded, Ukrainian officials said.
The deaths and 13 of the wounded were blamed on Russian shelling that hit towns and villages in the Donetsk region, regional officials said.
In the country’s second-largest city of Kharkiv, seven civilians were wounded by Russian shelling that hit residential buildings and an area near a bus stop. Kharkiv Gov. Oleh Synyehubov said the wounded included a 80-year-old woman.
Russian Defense Ministry spokesman Lt. Gen. Igor Konashenkov said Monday that Russian warplanes have struck Ukrainian army positions in the southern Kherson region and in the Donetsk region. He added that the Russian air force also hit a facility in the Kharkiv region, killing at least 100 and wounding 50 “mercenaries” from Poland and Germany. His claims could not be independently verified.
Speaking at the opening of an arms show outside Moscow, Russian President Vladimir Putin hailed the military, which he said was “liberating the Donbas step by step.”
He also vowed to expand arms sales to Russian allies, whom he praised for continuing to offer firm support to Moscow in the face of Western pressure.
For its part, the Ukrainian military claimed to have destroyed more than 10 Russian warehouses with ammunition and military equipment in the past week.
In other developments Monday:
— Lawyers for American basketball star Brittney Griner filed an appeal against her nine-year Russian prison sentence for drug possession, Russian news agencies reported. Griner, a center for the Phoenix Mercury and a two-time Olympic gold medalist, was convicted on Aug. 4. She was arrested in February at Moscow’s Sheremetyevo Airport after vape canisters containing cannabis oil were found in her luggage.
— The Ukrainian parliament extended martial law and the country’s general mobilization for another 90 days.
— Zelenskyy dismissed the heads of three regional branches of Ukraine’s top security agency, SBU, in the Kyiv, Lviv and Tarnopil regions. Zelenskyy’s office didn’t elaborate on the reasons behind the move. Last month, he dismissed SBU chief Ivan Bakanov and a chief prosecutor, saying their departments had too many people who faced accusations of collaborating with the Russians.
— The trial of five European men captured in eastern Ukraine got underway in a court administered by Kremlin-backed separatists, Russian media reported.
Three of the five — a Swede, a Croat and a Briton — could face the death penalty over charges of serving as mercenaries and “undergoing training in order to seize power” under the laws of the self-proclaimed, unrecognized Donetsk People’s Republic, Russian state media reported.
The remaining two, both British, face prison terms.
— A British military reconnaissance plane violated Russia’s airspace, the Russian defense ministry said.
The ministry said in a statement that Russian air defense forces in Russia’s Arctic northwest had spotted the plane heading towards the border from the direction of the Barents Sea. A Russian fighter identified the aircraft as a British Air Force RC-135 and forced it out of Russian territory, the ministry said.
— German Chancellor Olaf Scholz said Berlin would not back several fellow European countries that have called for an EU-wide move to stop issuing tourist visas to Russian citizens.
The nations backing such a ban say that Russians should not be able to take vacations in Europe while Moscow wages war in Ukraine. Finland and Denmark want an EU decision and some EU countries bordering Russia already no longer issue visas to Russians.
“This is not the war of the Russian people. It is (Russian President Vladimir) Putin’s war and we have to be very clear on that topic,” Scholz said.
___
Follow the AP’s coverage of the war at https://apnews.com/hub/russia-ukraine | https://cw33.com/news/international/ap-international/russian-shells-slam-into-eastern-ukraine-killing-3-people/ | 2022-08-16T00:47:49Z |
UPDATES FISCAL 2023 SALES & EARNINGS GUIDANCE
BERWYN, Pa., Aug. 3, 2022 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") today reported financial results for its first quarter of fiscal 2023, which ended June 30, 2022.
First Quarter Fiscal 2023
- Net sales of $349.4 million
- Operating income of $14.7 million with operating margin of 4%; adjusted operating income of $32.6 million with adjusted operating margin of 9%
- Net loss of $10.3 million, or ($0.16) per share; adjusted net income of $7.5 million, or $0.12 per diluted share
- Cash flow used in operations of $93.0 million; core cash used in operations of $72.0 million
Fiscal 2023 Guidance
- Net sales of approximately $1.3 billion
- GAAP earnings per diluted share of between $1.51 - $1.71
- Adjusted earnings per diluted share of between $0.28 - $0.48, down $0.12 due to a reduction in non-cash pension income
- Cash used in operations of ($30.0) million to ($40.0) million, includes core cash flow from operations of between $30.0 million - $45.0 million
"TRIUMPH generated organic sales growth in our continuing operations driven by improving commercial OEM and MRO demand." said Dan Crowley, TRIUMPH's chairman, president and chief executive officer. "Our actions to mitigate supply chain constraints and work with our customers and suppliers to ensure continuity and affordability continue to differentiate TRIUMPH. With a growing and profitable backlog, TRIUMPH is well positioned to benefit from continued strength across nearly all of our end markets."
Mr. Crowley continued, "Consistent with our strategic plan, TRIUMPH recently completed the divestiture of its last remaining large structures operation. Our first quarter results keep us on track to achieve our full year objectives, and with our goal to double profitability over fiscal years 2022 to 2025, driven by improved OEM production rates, expanded MRO volumes, enhanced pricing from recent contract extensions and a lower cost structure. We remain focused on investing in our people, operations, and products for the benefit of all stakeholders."
First Quarter Fiscal 2023 Overview
Excluding divestitures and exited programs, sales for the first quarter of fiscal 2023 were up 1% organically from the prior year period as increases in commercial narrow-body production offset decreased military rotorcraft volume.
First quarter operating income of $14.7 million includes $0.7 million of restructuring costs related to our structures facility exits and $17.2 million reduction of revenue for consideration payable to customer related to the Stuart divestiture. Cost of sales benefited from the Aviation Manufacturing Jobs Protection Program by $5.0 million in the quarter. Net loss for the first quarter of fiscal 2023 was $10.3 million, or ($0.16) per share primarily due to the items noted above. On an adjusted basis, net income was $7.5 million, or $0.12 per diluted share.
TRIUMPH's results included the following:
The number of shares used in computing diluted earnings per share for the first quarter of 2023 was 65.3 million.
Adjusting for the impact of the Stuart divestiture, backlog, which represents the next 24 months of actual purchase orders with firm delivery dates or contract requirements, was $1.53 billion, up 7% from the prior year, primarily on commercial narrow body platforms.
For the first quarter of fiscal 2023, cash flow used in operations was $93.0 million.
Outlook
The Company's outlook reflects adjustments detailed in the attached tables.
Based on expected aircraft production rates, and the resulting demand on each of our facilities, the Company expects net sales for fiscal 2023 will be approximately $1.3 billion.
The Company expects GAAP fiscal 2023 earnings per diluted share of $1.51 to $1.71, up $1.11 from prior guidance due to impacts of the Stuart divestiture and our interim pension re-measurement. The Company expects adjusted earnings per diluted share of $0.28 - $0.48, down $0.12 due to a reduction in non-cash pension income.
The Company expects fiscal 2023 cash used in operations of ($30.0) million to ($40.0) million, including core cash flow from operations of approximately $30.0 million to $45.0 million and core free cash flow of approximately break-even to $15.0 million.
Conference Call
TRIUMPH will hold a conference call today, August 3rd, at 8:30 a.m. (ET) to discuss the first quarter of fiscal 2023 results. The conference call will be available live and archived on the Company's website at http://www.triumphgroup.com. A slide presentation will be included with the audio portion of the webcast, and the presentation has been posted on the Company's website at http://ir.triumphgroup.com/QuarterlyResults. An audio replay will be available from August 3rd to August 10th by calling (877) 344-7529 (Domestic) or (412) 317-0088 (International), passcode #8597845.
About TRIUMPH
TRIUMPH, headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerospace and defense systems, components and structures. The company serves the global aviation industry, including original equipment manufacturers and the full spectrum of military and commercial aircraft operators.
More information about TRIUMPH can be found on the Company's website at www.triumphgroup.com.
Forward Looking Statements
Statements in this release which are not historical facts are forward-looking statements under the provisions of the Private Securities Litigation Reform Act of 1995, including statements of expectations of or assumptions about financial and operational performance, revenues, earnings per share, cash flow or use, cost savings and operational efficiencies and organizational restructurings. All forward-looking statements involve risks and uncertainties which could affect the Company's actual results and could cause its actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, the Company. Further information regarding the important factors that could cause actual results to differ from projected results can be found in Triumph Group's reports filed with the SEC, including our Annual Report on Form 10-K for the fiscal year ended March 31, 2022.
FINANCIAL DATA (UNAUDITED) ON FOLLOWING PAGES
FINANCIAL DATA (UNAUDITED)
TRIUMPH GROUP, INC. AND SUBSIDIARIES
(dollars in thousands)
Non-GAAP Financial Measure Disclosures
We prepare and publicly release quarterly unaudited financial statements prepared in accordance with GAAP. In accordance with Securities and Exchange Commission (the "SEC") guidance on Compliance and Disclosure Interpretations, we also disclose and discuss certain non-GAAP financial measures in our public releases. Currently, the non-GAAP financial measure that we disclose is Adjusted EBITDA and Adjusted EBITDAP, which is our net income before interest, income taxes, amortization of acquired contract liabilities, curtailments, settlements and special termination benefits, legal settlements, loss on divestitures, share-based compensation expense, depreciation and amortization and Adjusted EBITDA, less pension & other postretirement benefits. We disclose Adjusted EBITDA and Adjusted EBITDAP on a consolidated and Adjusted EBITDAP an operating segment basis in our earnings releases, investor conference calls and filings with the SEC. The non-GAAP financial measures that we use may not be comparable to similarly titled measures reported by other companies. Also, in the future, we may disclose different non-GAAP financial measures in order to help our investors more meaningfully evaluate and compare our future results of operations to our previously reported results of operations.
We view Adjusted EBITDA and Adjusted EBITDAP as operating performance measure and as such we believe that the GAAP financial measure most directly comparable to it is net income. In calculating Adjusted EBITDA and Adjusted EBITDAP, we exclude from net income the financial items that we believe should be separately identified to provide additional analysis of the financial components of the day-to-day operation of our business. We have outlined below the type and scope of these exclusions and the material limitations on the use of these non-GAAP financial measures as a result of these exclusions. Adjusted EBITDA and Adjusted EBITDAP are not measurements of financial performance under GAAP and should not be considered as a measure of liquidity, as an alternative to net income (loss), income from continuing operations, or as an indicator of any other measure of performance derived in accordance with GAAP. Investors and potential investors in our securities should not rely on Adjusted EBITDA or Adjusted EBITDAP as substitutes for any GAAP financial measure, including net income (loss) or income from continuing operations. In addition, we urge investors and potential investors in our securities to carefully review the reconciliation of Adjusted EBITDA and Adjusted EBITDAP to net income set forth below, in our earnings releases and in other filings with the SEC and to carefully review the GAAP financial information included as part of our Quarterly Reports on Form 10-Q and our Annual Reports on Form 10-K that are filed with the SEC, as well as our quarterly earnings releases, and compare the GAAP financial information with our Adjusted EBITDA and Adjusted EBITDAP.
Adjusted EBITDA and Adjusted EBITDAP is used by management to internally measure our operating and management performance and by investors as a supplemental financial measure to evaluate the performance of our business that, when viewed with our GAAP results and the accompanying reconciliation, we believe provides additional information that is useful to gain an understanding of the factors and trends affecting our business. We have spent more than 25 years expanding our product and service capabilities partially through acquisitions of complementary businesses. Due to the expansion of our operations, which included acquisitions, our net income has included significant charges for depreciation and amortization. Adjusted EBITDA and Adjusted EBITDAP exclude these charges and provide meaningful information about the operating performance of our business, apart from charges for depreciation and amortization. We believe the disclosure of Adjusted EBITDA and Adjusted EBITDAP helps investors meaningfully evaluate and compare our performance from quarter to quarter and from year to year. We also believe Adjusted EBITDA and Adjusted EBITDAP is a measure of our ongoing operating performance because the isolation of non-cash income and expenses, such as amortization of acquired contract liabilities, depreciation and amortization, share-based compensation and non-operating items, such as interest and income taxes, provides additional information about our cost structure, and, over time, helps track our operating progress. In addition, investors, securities analysts and others have regularly relied on Adjusted EBITDA and Adjusted EBITDAP to provide a financial measure by which to compare our operating performance against that of other companies in our industry.
FINANCIAL DATA (UNAUDITED)
TRIUMPH GROUP, INC. AND SUBSIDIARIES
(dollars in thousands)
Set forth below are descriptions of the financial items that have been excluded from our net income to calculate Adjusted EBITDA and Adjusted EBITDAP and the material limitations associated with using this non-GAAP financial measure as compared to net income:
- Divestitures may be useful for investors to consider because they reflect gains or losses from sale of operating units. We do not believe these earnings necessarily reflect the current and ongoing cash earnings related to our operations.
- Consideration payable to a customer related to a divestiture may be useful for investors to consider because it reflects consideration paid to facilitate the ultimate sale of operating units. We do not believe these charges necessarily reflect the current and ongoing cash earnings related to our operations.
- Non-service defined benefit income (inclusive of certain pension related transactions such as curtailments, settlements, early retirement or other incentives) may be useful to investors to consider because they represent the cost of post-retirement benefits to plan participants, net of the assumption of returns on the plan's assets and are not indicative of the cash paid for such benefits. We do not believe these earnings (expenses) necessarily reflect the current and ongoing cash earnings related to our operations.
- Amortization of acquired contract liabilities may be useful for investors to consider because it represents the non-cash earnings on the fair value of below market contracts acquired through acquisitions. We do not believe these earnings necessarily reflect the current and ongoing cash earnings related to our operations.
- Amortization expense and nonrecurring asset impairments (including goodwill, intangible asset impairments, and nonrecurring rotable inventory impairments) may be useful for investors to consider because it represents the estimated attrition of our acquired customer base and the diminishing value of tradenames, product rights, licenses, or, in the case of goodwill, other assets that are not individually identified and separately recognized under U.S. GAAP, or, in the case of nonrecurring asset impairments, the impact of unusual and nonrecurring events affecting the estimated recoverability of existing assets. We do not believe these charges necessarily reflect the current and ongoing cash charges related to our operating cost structure,
- Share-based compensation may be useful for investors to consider because it represents a portion of the total compensation to management and the board of directors. We do not believe these charges necessarily reflect the current and ongoing cash charges related to our operating cost structure.
- Depreciation may be useful for investors to consider because they generally represent the wear and tear on our property and equipment used in our operations. We do not believe these charges necessarily reflect the current and ongoing cash charges related to our operating cost structure.
- The amount of interest expense and other we incur may be useful for investors to consider and may result in current cash inflows or outflows. However, we do not consider the amount of interest expense and other to be a representative component of the day-to-day operating performance of our business.
- Income tax expense may be useful for investors to consider because it generally represents the taxes which may be payable for the period and the change in deferred income taxes during the period and may reduce the amount of funds otherwise available for use in our business. However, we do not consider the amount of income tax expense to be a representative component of the day-to-day operating performance of our business.
Management compensates for the above-described limitations of using non-GAAP measures by using a non-GAAP measure only to supplement our GAAP results and to provide additional information that is useful to gain an understanding of the factors and trends affecting our business.
FINANCIAL DATA (UNAUDITED)
TRIUMPH GROUP, INC. AND SUBSIDIARIES
(dollars in thousands)
Non-GAAP Financial Measure Disclosures (continued)
Adjusted income from continuing operations, before income taxes, adjusted income from continuing operations and adjusted income from continuing operations per diluted share, before non-recurring costs have been provided for consistency and comparability. These measures should not be considered in isolation or as alternatives to income from continuing operations before income taxes, income from continuing operations and income from continuing operations per diluted share presented in accordance with GAAP. The following tables reconcile income from continuing operations before income taxes, income from continuing operations, and income from continuing operations per diluted share, before non-recurring costs.
FINANCIAL DATA (UNAUDITED)
TRIUMPH GROUP, INC. AND SUBSIDIARIES
(dollars in thousands)
Non-GAAP Financial Measure Disclosures (continued)
Adjusted Operating Income is defined as GAAP Operating Income, less expenses/gains associated with the Company's transformation, such as restructuring expenses, gains/losses on divestitures, impairments of goodwill and other assets. Management believes that this is useful in evaluating operating performance, but this measure should not be used in isolation. The following table reconciles our Operating income to Adjusted Operating income as noted above.
Cash provided by operations, is provided for consistency and comparability. We also use free cash flow as a key factor in planning for and consideration of strategic acquisitions and the repayment of debt. This measure should not be considered in isolation, as a measure of residual cash flow available for discretionary purposes, or as an alternative to operating results presented in accordance with GAAP. The following table reconciles cash provided by operations to free cash flow.
Fiscal 2023 outlook includes cash used in operations, core cash from operations and core free cash flow. We use core cash from operations and core free cash flow to measure performance of our continuing operations. The following table reconciles cash used in operations to core cash flow from operations and core free cash flow.
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SOURCE Triumph Group | https://www.wibw.com/prnewswire/2022/08/03/triumph-reports-first-quarter-fiscal-2023-results/ | 2022-08-03T11:23:32Z |
HONOLULU (AP) — A U.S. defense contractor and his wife who lived for decades under the identities of two dead Texas children have been charged with identity theft and conspiring against the government, according to federal court records unsealed in Honolulu.
Walter Glenn Primrose and Gwynn Darle Morrison, both in their 60s, who allegedly lived for decades under the names Bobby Edward Fort and Julie Lyn Montague, respectively, were arrested Friday in Kapolei on the island of Oahu.
Prosecutors are seeking to have the couple held without bail, which could indicate the case is about more than fraudulently obtaining drivers’ licenses, passports and Defense Department credentials.
Those documents helped Primrose get secret security clearance with the U.S. Coast Guard and as a defense contractor and old photos show the couple wearing uniforms of the KGB, the former Russian spy agency, Assistant U.S. Attorney Thomas Muehleck said in court papers. Faded Polaroids of each in uniform were included in the motion to have them held.
A “close associate” said Morrison lived in Romania while it was a Soviet bloc country, Muehleck said.
Morrison’s attorney said her client never lived in Romania and that she and Primrose tried the same jacket on as a joke and posed for photos in it. Even if the couple used new identities, attorney Megan Kau told The Associated Press, they have lived law-abiding lives for three decades.
“She wants everyone to know she’s not a spy,” Kau said. “This has all been blown way out of proportion. It’s government overreaching.”
Prosecutors said there is a high risk the couple would flee if freed. They also suggested that Primrose, who was an avionics electrical technician in the Coast Guard, was highly skilled to communicate secretly if released.
The couple is also believed to have other aliases, Muehleck said.
A lawyer for Primrose declined comment. A bail hearing was scheduled for Thursday in U.S. District Court.
The secret clearance Primrose had provides access to information that is “enormously valuable to our enemies,” said Kevin O’Grady, a Honolulu defense attorney not involved in the case.
The Coast Guard works closely with the Army and Navy, helps with counterintelligence and serves as the country’s maritime border patrol, said O’Grady, an Army reservist and lieutenant colonel judge advocate.
“The Coast Guard has a unique perspective on our vulnerabilities,” he said, including how to infiltrate the country through water ports. Hawaii, a major military center, “is a prime target for a lot of espionage and such,” he said.
For one family whose deceased child’s name was stolen, the news Wednesday came as a shock.
John Montague, who lost his daughter Julie in 1968 at 3 weeks of age, was stunned to learn someone had been living under her name for so long.
“I still can’t believe it happened,” Montague, 91, told AP. “The odds are like one-in-a-trillion that they found her and used her name. People stoop to do anything nowadays. Let kids rest in peace.”
Primrose and Morrison were born in 1955 and they attended high school together in Port Lavaca, Texas, and then went to Stephen F. Austin University, according to court records. They married in 1980.
There is no indication in court papers why the couple in 1987 assumed the identities of deceased children who would have been more than a decade younger than them. But an affidavit filed by Special Agent Dennis Thomas of the State Department’s Diplomatic Security Service noted that the couple lost their home in Nacogdoches, Texas, to foreclosure that year.
They remarried under their assumed names in 1988, Thomas said.
Court records don’t provide any information about what happened from the time they assumed their new identities until 1994, when Primrose, then about 39, enlisted in the Coast Guard as Fort, who would have been about 27.
If there was an obvious age discrepancy between what Primrose looked like and the birth certificate he presented, “that’s an abject failure,” O’Grady said.
“That’s something if they can figure it out now, they should have caught it then,” he said.
Montague said that “somebody’s not doing their jobs.”
Primrose and Morrison applied for and received multiple passports under their assumed names, according to court records. But in 1999 Primrose also applied for and was issued a passport under his legal name while also holding a passport in Fort’s name.
Primrose was in the service until 2016, when he began work for an unnamed defense contractor at the U.S. Coast Guard Air station at Barbers Point.
“While he held that secret clearance with the U.S. Coast Guard, defendant Primrose was required to report any foreign travel,” prosecutors wrote. “Investigation has revealed that defendant Primrose did not report several trips to Canada while he did report other foreign travel.”
The couple lived in a Honolulu suburb in a modest two-bedroom bungalow beneath palm trees. They owned a neighboring house they rented to military personnel, said Mai Ly Schara, who lived next door.
She knew them as Bob and Lynn, with Morrison apparently Julie Lyn Montague’s middle name.
Primrose did yard work for Schara for $50 a month, she said. Morrison took in, fed and spayed and neutered cats. She also had several rabbits and dedicated a room to the pets.
“They kept to themselves, but they were friendly,” Schara said. “They just kind of were, like, a little nerdy.”
Schara wasn’t sure what Primrose did for a living, but thought it was military related. Morrison once worked as a parking attendant at a Waikiki hotel but had been tutoring neighborhood children.
The FBI created a scene in the quiet neighborhood when they searched the house and took photos.
“It was just shocking, like, oh my gosh,” Schara said. “It was pretty crazy.”
The State Department declined to comment on the arrests.
The couple is charged with conspiracy to commit an offense against the U.S., false statement in passport application and aggravated identity theft.
Fort, who lived fewer than three months, died in October 1967 at the same hospital where Julie Montague passed away about three months later in January 1968. They are buried 14 miles (23 kilometers) apart.
When Tonda Ferguson learned from her father that Morrison had used her late sister’s birth certificate to create an alias, she thought of her mother, who died in 2003, and how many years had gone by.
“For all the mothers who are living and have to know this happened to their babies, I can’t even begin to imagine,” Ferguson said. “I’m glad my mama’s with the Lord. This would be so traumatic for her.”
Ferguson was in eighth grade when her sister died. She never got to see her little sister or hold her. She was buried in Burnet, Texas, the small town where they lived at the time outside of Austin.
“She came from a place of love, deep love,” Ferguson said. “For someone to turn around to steal her identity for evil, it’s tough. It’s hurtful. … I hope they rot.”
___
Melley reported from Los Angeles. Caleb Jones in Kapolei, Hawaii, and Rhonda Shafner in New York City contributed to this report. | https://cw33.com/news/u-s-news/ap-us-headlines/hawaii-pair-accused-of-conspiracy-taking-ids-of-dead-babies/ | 2022-07-28T08:09:46Z |
NEW YORK, Aug. 10, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AEMD, BARK, JMIA, ARRY, and XCUR.
To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link.
- AEMD: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=AEMD&prnumber=081020221
- BARK: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=BARK&prnumber=081020221
- JMIA: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=JMIA&prnumber=081020221
- ARRY: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=ARRY&prnumber=081020221
- XCUR: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=XCUR&prnumber=081020221
(Note: You may have to copy this link into your browser then press the [ENTER] key.)
InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street. We have a wide range of tools to help investors make smarter decisions when investing in stocks or options.
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SOURCE InvestorsObserver | https://www.kxii.com/prnewswire/2022/08/10/thinking-about-buying-stock-aethlon-medical-bark-jumia-technologies-array-technologies-or-exicure/ | 2022-08-10T13:28:09Z |
Aktiia convenes world hypertension experts to discuss transformation of hypertension care with continual cuffless blood pressure devices
NEUCHATEL, Switzerland, June 17, 2022 /PRNewswire/ -- Tomorrow, Aktiia hosts breakout symposium at the 31st European Meeting on Hypertension and Cardiovascular Protection in Athens to share research, data and unite leading experts in hypertension in the mission to improve blood pressure control for 100 million people over the next 10 years.
Aktiia's wrist-based continual optical BP monitor has enabled collection of over 40 million data points, establishing the largest dataset of BP readings in the world and demonstrating the huge potential for cuffless devices to unlock new insights. Based on 18 years of research and leveraging partnerships across academic and clinical organizations, Aktiia has achieved the milestone of developing the first comprehensive map of an individual's blood pressure (BP) pattern.
Even with the most comprehensive BP database in the world, treatment and management of hypertension remains a persistent clinical challenge. Therefore, in collaboration with world-renowned medical institutions, hypertension experts, clinicians, and industry, Aktiia champions a new model of care in hypertension, one that shifts the paradigm from reactive to proactive, from one-size-fits-all to personalized, from provider-centric to patient-centered, from paternalistic to patient empowered, and volume-based to value-based.
Aktiia has assembled an impressive panel of experts to share data, insight and inspiration for the future of hypertension including:
- Chairman: Professor George S. Stergiou MD, FRCP, Chairman, Hypertension Center STRIDE-7, School of Medicine, Athens University
- Dr. Neil Poulter, Chair of Preventive Cardiovascular Medicine and Director, Imperial Clinical Trials Unit, Imperial College London
- Professor Alta Schutte, UNSW Sydney, The George Institute for Global Health
- Professor Grégoire Wuerzner, Service of Nephrology and Hypertension, Lausanne University Hospital (CHUV)
- Dr. Jay Shah, Medical Director, Thoracic Aortic Disease Program, Mayo Clinic Arizona
Additional research, also being presented at the conference builds on the growing body of evidence around accuracy of Aktiia's wearable device, cementing its position as a frontrunner in cuffless monitoring and a credible candidate for BP monitoring at scale.
Notes to Editors
Management of hypertension remains a persistent clinical challenge. An estimated 6-8 million people in the UK live with undiagnosed or uncontrolled high blood pressure; globally, this number increases to 700 million. Aktiia's wrist-worn 24/7 automated blood pressure monitor removes the hassle, discomfort, and disruption of having to take a measurement with a cuff. Patients rarely take as many cuff readings as their physician needs for effective diagnosis, management, and monitoring – but patients report that they prefer using Aktiia to a traditional cuff, and user data shows over 10x the number of readings for standard home BP monitoring.
Aktiia has CE Mark class IIa medical device approval, and to date over 40 million measurements have been taken across Europe.
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Photo - https://mma.prnewswire.com/media/1842251/Aktiias_dataset.jpg
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SOURCE Aktiia | https://www.wibw.com/prnewswire/2022/06/17/worlds-largest-data-set-40m-data-points-offers-tremendous-potential-cuffless-devices-revolutionize-model-care-hypertension/ | 2022-06-17T11:49:38Z |
Mets RHP Walker leaves start with right shoulder irritation
PHILADELPHIA (AP) — New York Mets pitcher Taijuan Walker left his start Monday night against Philadelphia after two innings because of right shoulder irritation. Walker struck out four, walked none and threw 30 pitches, retiring all six batters before he left the game. David Peterson started the third inning. Walker went 7-11 with a 4.47 ERA last season. | https://localnews8.com/sports/ap-national-sports/2022/04/11/mets-rhp-walker-leaves-start-with-right-shoulder-irritation/ | 2022-04-12T01:17:25Z |
Services for Keith Douglass Hunter, 59, of Temple are pending with Young’s Daughters Funeral Home & Bereavement Center in Temple.
Mr. Hunter died Dec. 27, 2020 at a local hospital.
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Cloudy early. Scattered thunderstorms developing later in the day. High 84F. Winds ESE at 10 to 15 mph. Chance of rain 40%..
Cloudy skies early. Scattered thunderstorms developing later at night. Low near 70F. Winds SE at 10 to 20 mph. Chance of rain 40%.
Updated: May 1, 2022 @ 2:49 am
To submit a free obituary, please email tdt@tdtnews.com.
To submit a paid obituary, please email advertiz@tdtnews.com with verbiage, along with an optional photograph. | https://www.tdtnews.com/obituaries/article_7da1c9a8-c8d0-11ec-af75-6f96ae2de529.html | 2022-05-01T08:50:54Z |
- Gross revenues increased 45% YoY
- Net revenues increased 67% YoY
- Operating expenses decreased 10% YoY
NEW YORK, Aug. 15, 2022 /PRNewswire/ -- Creatd, Inc. (Nasdaq CM: CRTD) ("Creatd" or the "Company"), a creator-first holding company today reported its financial results for the second quarter ended June 30, 2022. For the second quarter, Creatd grew its gross revenues by 45% to $3.6MM and is currently tracking to achieve between $15MM - $20MM in gross revenues for the year, above its previously stated guidance. During the quarter, net revenues grew to over $1.6MM, reflecting a 67% increase year-over-year. As the Company continues to navigate external headwinds, cost-cutting initiatives have been implemented and designed to streamline workflows and lower overall operating costs.
Savings generated as a result of the Company's second quarter 2022 cost-cutting measures will be reinvested into the Company to promote its growth and expansion and increase shareholder value. These investments will fuel numerous planned initiatives including: expanding Creatd Labs' technology stack; ramping up its marketing and data analysis; and growing Creatd Ventures' CPG brand portfolio. At the same time, the Company expects to further reduce operating expenses as it continues to optimize and reduce its marketing expenditure and scrutinize many of the contributing expenses within general & administrative expenses. Already, the Company has, subsequent to the second quarter, taken steps to reduce headcount materially to gain efficiencies, integrate acquired operations, and manage future expenses.
Additionally, the Company has announced that, effective on or before August 31, 2022, Jeremy Frommer, currently the Company's Executive Chairman, will be appointed as Chief Executive Officer, in addition to maintaining his position as Chairman of the Board. This announcement comes following a notification of intent of resignation received from Laurie Weisberg, Creatd's Chief Executive Officer, who will step down from the CEO position as well as from the Company's Board of Directors. Justin Maury, the Company's co-founder and COO, has been approved to join the board to replace her seat. This is expected to be effectuated shortly. While serving as a director, Mr. Maury will maintain his current role as Creatd's Chief Operating Officer.
Commented Creatd CEO Jeremy Frommer, "As a public company in the microcap space, we are subject to extreme volatility in our stock price, financing, and regulatory processes that can often take our management team's focus off of the broad mission to generate value for Creatd's shareholders, of which I am the largest. We recently withdrew a Rights Offering, due to what I firmly believe is a fast money marketplace that predominantly does not benefit shareholders. Instead, the space is seemingly riddled with obstacles, bureaucracy, and often bad actors. While the Rights Offering expansion plan would have exponentially accelerated Creatd's revenues and leveraged a rapidly approaching break-even cash flow moment, in its absence the Company can nevertheless continue to progress at the current pace of revenue expansion, and take advantage of available funding structures. But that is not my preference. Instead, I want to expand revenues rapidly given the inflection point the company is at, which was the very impetus for the Rights Offering. I am obligated now to work to maximize shareholder value, by exploring all alternatives, resources, and networks to accomplish as much. Part of that process includes spinning out assets from Creatd Studios, in particular the OG Collection, Inc. as well as the potential privatization of other assets."
About Creatd
Creatd, Inc. (Nasdaq CM: CRTD) is a creator-first technology holding company and the parent company of the Vocal platform. Our mission is to empower creators, entrepreneurs, and brands through technology and partnership. We accomplish this through Creatd's four business pillars: Creatd Labs, Creatd Partners, Creatd Ventures, and Creatd Studios.
Creatd: https://creatd.com;
Creatd IR: https://investors.creatd.com;
Vocal Platform: https://vocal.media;
Investor Relations Contact: ir@creatd.com
Forward-Looking Statements
Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings.
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SOURCE Creatd, Inc. | https://www.kxii.com/prnewswire/2022/08/15/creatd-announces-record-gross-revenues-36mm-its-second-quarter-2022-nears-break-even-gross-profit-margins-raises-full-year-gross-revenue-guidance-15mm-20mm/ | 2022-08-15T21:19:45Z |
Bell County Historical Commission
The Bell County Historical Commission will meet 7 p.m. Monday at the Bell County Courthouse, 101 E. Central Ave. in Belton.
The guest speaker will be retired Lt. Col Michael Lee Lanning, who will discuss his book, “The Court-Martial of Jackie Robinson: The Baseball Legend’s Battle for Civil Rights”.
In his book, Lanning tells the story of a young black second lieutenant, hungry to fight Nazis in Europe, that refused to move to the back of a U.S. Army bus in Texas and found himself court-martialed. The defiant soldier was Jack Roosevelt Robinson, already in 1944 a celebrated athlete in track and football and in a few years the man who would break Major League Baseball’s color barrier.
Lanning is the author of 29 books of non-fiction. He retired as a lieutenant colonel after more than 20 years in the U.S. Army, where he served across the United States, Southeast Asia, and in Germany.
The meeting is open to the public.
Temple Breakfast Lions Club
The Temple Breakfast Lions Club meets the first and third Thursdays of each month in the Ava room at the Hilton Garden Inn, 1749 Scott Boulevard in Temple. The group gathers at 7 a.m. to order breakfast and the meeting starts at 7:30 a.m.
Meetings also are broadcast by the Zoom online meeting platform. For information email Lmeeker53@ gmail.com. Meetings are open to the public and the club is open to anyone with a heart for service.
Newcomers Club
The Newcomers Club, Inc. is looking for new Members and extends a warm welcome to ladies that are new (within the past three years) to Bell County and surrounding counties. The group also welcomes ladies that have just retired, are recent empty nesters, or have experienced another life change within the past three years and would like to connect with other ladies. Join the fun and check out the Newcomers Club, Inc. at www.bellcountynewcomers.com. For information about joining, contact Jan Fisher at 2txgrl@gmail.com or 951-751-4002.
Upcoming activities for July are: 7/25 Well-Read Women, Crochet & Knit, and 7/27 Fun Lunch.
National Alliance on Mental Illness
The National Alliance on Mental Illness will meet 6:30 p.m. Tuesday in the conference room on the fourth floor of the Central Counties Service building, 304 S. 22nd St. in Temple.
Caregivers, supporters and those suffering from mental illness are welcome to join the group for mutual support and sharing of information.
For information call 254-771-3638.
John Birch Society
The John Birch Society met July 12 at Dynasty Restaurant in Temple. Group members watched the video “JBS: Leading the Way on Election Integrity”.
The group will meet the second Thursday of each month starting in August. The next chapter meeting will be 6 p.m. Thursday, Aug. 11, at Dynasty Restaurant, 2501 Airport Road in Temple.
For information contact Janice Carter at 409-718-8518 or email jkcarter41@gmail.com. | https://www.tdtnews.com/life/article_6ec703c0-09cc-11ed-90a3-7b1696bedbaa.html | 2022-07-24T06:40:34Z |
Abortion clinics prepare for increase of out-of-state cases
(CNN) - The Supreme Court overruled Roe v. Wade just over a week ago and, since then, several states have banned abortion in nearly all cases and more have seriously limited access to the service.
Some women are forced to travel across state lines to get the care they need, and some clinics will feel the strain of extra patients.
“Some patients fly. Some may prefer to drive, so being near the highways that we are and the airport being in Bloomington gives patients the most options available,” Midwest Advocacy Director of Whole Woman’s Health Alliance Sharon Lau said.
Whole Woman’s Health is one clinic bracing to start treating more patients with I-35 connecting it to three of the states with the most restrictive abortion laws, including Texas and South Dakota.
Planned Parenthood CEO Sarah Stoesz is also bracing for an influx.
“We expect to see a minimum of 10% to 25% more people coming, seeking an abortion,” she said.
Stoesz says she is not sure if they can “handle the increase.”
“There is already a health care worker shortage and we’ve been struggling with that since the beginning of the pandemic that hasn’t gone away,” she said.
Liz Van Heel is worried.
“I always thought I would have two boys,” she said.
Six years ago Van Heel says she and her husband went in for an ultrasound and left feeling devastated.
“It was Friday the 13th. That’s when my doctor told me the news that this baby was incompatible with life and that is when I decided I wanted an abortion as soon as possible,” she said.
Van Heel says her unborn baby had a neural tube defect, meaning her baby’s brain did not fully develop.
“That diagnosis meant that I would either miscarry at any time or the moments after I gave birth, the baby would die,” she said.
Van Heel says that continuing to carry a baby that was not compatible with life would not be good her mental or emotional health.
The Minneapolis mother, who later had a healthy child, is worried that women like her will have an even tougher time getting an abortion.
“That is worrisome. Having gone through this, that period between deciding you want an abortion and then actually having an abortion, it feels so long. I would be honored to be a resource for anyone that needs it,” Van Heel said.
Planned Parenthood says it is hearing from others like Van Heel who are offering to be a resource for those who live far from airports or do not have cars.
Even for those with transportation, Planned Parenthood expects appointments will be in short supply.
In addition to the states already limiting or banning abortion, several more are waiting for legal issues to play out after lawsuits blocked the new restrictions from taking place, but with the federal precedent gone, those legal challenges may be dismissed and the law could be allowed to take effect.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.mysuncoast.com/2022/07/03/abortion-clinics-prepare-increase-out-of-state-cases/ | 2022-07-03T18:33:21Z |
Covid hit Nashville hard. Now the performing arts are staging a comeback
By Alicia Wallace, CNN Business Photographs by William DeShazer for CNN
When the pandemic hit the US in March 2020, concert halls fell silent, stages faded to black and livelihoods hung in the balance.
The US performing arts industry immediately lost more than half of its jobs; and unlike other hard-hit businesses such as restaurants, bars and barber shops, there was no swift rebound. The live arts suffered some of the deepest rates of job loss and have been among the most stubborn to return, remaining 21% below pre-pandemic levels, data from the Bureau of Labor Statistics shows.
The pandemic not only stalled a major economic engine that includes film, TV, theater, advertising, digital streaming and museums, but it also altered career trajectories and set the US arts and entertainment industry back by years.
Although the shutdowns were most visible in places like Broadway and Hollywood, the damage has been especially pronounced in smaller cities with heavier concentrations of performance arts jobs and revenue, researchers for the Brookings Institution reported in September 2020.
Nashville, Tennessee — a city where the number of musicians and other performing artists is more than five times the national average — was one of them. Its creative industry lost more revenue from April 2020 to July 2020 than any other large US metro area, according to the Brookings report.
But Music City wasn’t muted for long. Nashville was the first major US arts and entertainment hub to reopen; and, thanks in part to a surge in business activity and an influx of new residents, it’s been one of the fastest-growing metros in the nation.
However, Nashville and other arts-heavy economies aren’t out of the woods yet, said Michael Seman, a co-author of the Brookings report and assistant professor at Colorado State University’s Arts Management school.
“Even with the momentum, venue owners and a lot of people within the creative economy, especially the independent artists, a lot of them depleted their savings,” Seman said. “They’re still trying to make up for the depletion of savings while trying to make a profit. It’s very challenging still.”
Here’s how some of Nashville’s artists, actors, singers, dancers and other performers managed their way through the darkest days of the pandemic and how they’re doing now:
Dreams interrupted
Tamiko Robinson Steele fastened her iPhone to a tripod and flipped on the light box. She stood tall, put her back against the wall and delivered monologue after monologue.
It was a few weeks into 2020, and the Nashville native and actor spent three solid days recording dozens of performances. She packaged them for audition self-tapes that she then sent to 10 performing arts companies across the US.
She had worked hard to get to this point. Growing up, there was little access to the arts in her community, and the performers on the larger professional stages didn’t look like her.
After working her way up through the Nashville performing arts scene, Robinson Steele was riding a strong wave of momentum. She had lead roles in two acclaimed local theater shows, had done some TV and film work, and saw an opportunity to gain a fresh perspective of the stage by performing outside of Tennessee.
“I was just spreading my wings,” she said, “and then the world shut down.”
In the months that followed the pandemic shutdown, Robinson Steele improvised the best she could to fight off gray days and pull in some money by shuttling food as an Uber Eats driver and stacking boxes at an Amazon warehouse for a couple of months.
She shifted her approach to her professional work by seeking other related opportunities, such as teaching, coaching and producing.
“It made me realize that there are other ways to serve the arts,” she said, noting she’s now working as a production manager and also preparing for audition season.
But the arts industry still seems disjointed, she said.
“It just feels like we lost our footing, and the ground is still shaking, and we’re trying to keep balance and make sense of what this is,” she said. “It’s been harder on some than others, as things usually are.”
Creating art in a void
Before the pandemic took hold in 2020, Becca Hoback, a Nashville dance artist, was rehearsing five days a week with a local dance group. She was eyeing auditions that would help her vault her career outside Tennessee to places like New York, Costa Rica, Germany, Sweden or Tel Aviv.
By April 2020, however, the company work and steady paychecks vanished as performance arts spaces shut down.
In that void, Hoback focused on being an individual performer. Practicing in her 10-by-12-foot spare bedroom, she finally got the chance to finish a solo project that she had been chewing on for years. When Nashville started opening up again, the steady company work still had yet to return. So Hoback focused on increasing the number of dance classes she taught, producing others’ shows, participating in socially distant performance installations and performing her solo piece.
Now that global health conditions have improved, Hoback has again turned her sights toward taking her career overseas.
“I feel massively changed as a person and as an artist, even just in the way that I think about myself more as an individual now,” she said. “I think that has given me a lot of agency to be able to go out there and just try to make dance work happen.”
‘An industry gone in a blink of an eye’
Covid-19 decimated the live music business in 2020, causing an estimated $30 billion in lost revenue, according to concert trade publication Pollstar.
“It was an industry gone in a blink of an eye,” said Ben Roberts, a Nashville-based musician who, with his wife, Emily, makes up the Americana duo Carolina Story.
Such an abrupt stop is a hard shock to overcome for folks like the Robertses, who have spent much of their 13-year marriage on the road.
Early on, they played nursing homes, churches, homeless shelters, living rooms, bars, coffee shops, and even the traditional music venue. They’d crash on couches or grab a spot on the floor at other people’s houses before they eventually earned enough for hotel rooms.
The merchandise sales and crumpled-up bills stuffed into tip jars kept fuel in the tank and food in their bellies.
“At the same time, those were some of our most memorable shows,” Emily said.
All that work and all those miles were starting to pay off, and 2020 was supposed to be “the year” for Carolina Story. The band had a coveted opening spot for a national tour, a record label, a manager, a booking team, a publicity team, a radio team, an attorney, and a new album dropping called “Dandelion.”
But the album’s release kept getting delayed, the Robertses came down with mild cases of Covid-19, touring vanished, and the label deal fell apart.
They kept trying to pound the pavement. But every time they seemed to catch a bit of momentum, another wave or variant of Covid would hit the communities where they were scheduled to play shows, and they would have to cancel.
“It was kind of defeat after defeat, and I lost my publishing deal, which was paying the bills, and it all just kind of compounded — layers of rock to form this huge mountain,” Ben said.
Depression and anxiety settled in, and times grew heavy. After Emily experienced a miscarriage, Ben said he spiraled deeper into drugs and alcohol. Following a three-day bender, he checked into rehab in August 2021.
“It was inevitably going to come to some kind of tipping point,” he said. “It has to, and a lot of people don’t make it out.”
Nearly nine months later, they have a 13-song album they’re shopping around; Ben signed another publishing deal and wrapped up a solo album that’s been in the works for seven years; and Emily is due to give birth to their third child in August — right around the time of Ben’s one-year sobriety date.
“It’s really just shown me that you really do just have to keep going, one foot after another,” Ben said. “Don’t worry about what happened yesterday or what’s going to happen tomorrow. All we have is the here and now.”
Emerging from the storm
Late into the night on March 2, 2020, a storm hit Tennessee that unleashed devastating winds, rain and tornadoes.
Kyle Pudenz wedged himself next to the vacuum cleaner in his hall supply closet and white-knuckled the doorknob, pulling with all his might. An EF-3 tornado barreled through his backyard in East Nashville, mowing over decades-old white oak, black walnut and hackberry trees; crushing his carport; and puncturing his roof.
The twister’s winds ripped open the French doors at the back of the home, slathering the inside with mud and leaves, and nearly sucking out the closet door — and Pudenz — in the process.
Until the storm hit, it was shaping up to be a solid year for Pudenz, a violinist and composer who had performances booked well into May and June. One such event was a prized gig “several lines of longitude away” to play for the troops alongside country singer Jared Blake.
Instead, Pudenz had a $40,000 mess on his hands and a performance just days away.
“I remember thinking, ‘How in the hell am I going to get all of these repairs done while I’m doing all of these tour dates?'” he said.
“As it turned out, that was hardly the issue that I was going to be dealing with,” he added.
Nashville residents and businesses barely had time to lick their wounds before the other shoe dropped. On March 8, the city reported its first case of Covid-19, and Nashville joined the world in quickly shutting down many aspects of daily life.
Pudenz’s planned gigs hit the chopping block as did a recently launched business venture with his father handcrafting and selling electric violins. The pandemic forced many musicians to hawk instruments for additional cash, not buy new ones.
For Pudenz, the “float,” the money artists stash to get by between gigs, quickly depleted. The arranging and composing work couldn’t fill the gaps and Pudenz had to cut back.
“You basically cut every excessive cost you can find, and think, ‘What’s the smallest amount of money I can live on and just continue existing until gigs come back?'” he said.
Fortunately for him and others, cooped-up audiences tuned in to virtual performances (Pudenz got a big signal boost and financial help from a weekly web series called “Music Saving Musicians”) and some other lifelines were thrown: Philanthropists backed grants; crowdfunding supported projects; and the CARES Act allowed unemployment benefits to be temporarily accessible by freelancers, such as artists like him.
Now that the gigs are coming back, Pudenz has cobbled together enough work, including the overseas military shows, for a schedule closely resembling what he had pre-pandemic.
‘Art is not dying’
When the curtains dropped on in-person performances, the internet became center stage for many artists, including actor and singer Jennifer Whitcomb-Oliva.
“I never would have thought that I would buy a ring light, buy a green screen and start recording from home,” said Whitcomb-Oliva, a Nashville native who has been active in the city’s professional theater scene for the past 15-plus years.
The pandemic allowed art to extend past physical boundaries and into virtual spaces.
One highlight of Whitcomb-Oliva’s pandemic innovation was “One Vote Won,” a 30-minute opera from Nashville-based composer Dave Ragland about Black women’s voting rights.
“We recorded the entire opera and sang the entire opera with a Bluetooth in our ears,” Whitcomb-Oliva said. “We never filmed together … never sang together. Here I am, standing in an empty, huge room, the camera’s rolling and there’s fog. I’m singing a full opera with no one.”
During the past several months, more live events have started to return.
Whitcomb-Oliva’s performances now include an audience again — a visceral connection critical to the art itself.
But the ascendance of digital’s role in the arts has been unmistakable, said Douglas Noonan, co-director of the Arts, Entrepreneurship, and Innovation Lab at Indiana University-Purdue University Indianapolis. His research showed that digital streaming gained a bigger share of the arts and entertainment industry in 2020, while performing arts and other live entertainment faltered.
Such dramatic shifts force a reimagining of what the arts are, Whitcomb-Oliva said.
“Things progress, and you have to find a way, and I think people are still trying to figure out what that means for the arts,” she said. “Theater is not dying. Art is not dying, but things are progressing, and I think we have to be ready to progress with it.”
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/money/cnn-business-consumer/2022/05/07/covid-hit-nashville-hard-now-the-performing-arts-are-staging-a-comeback/ | 2022-05-07T17:04:09Z |
SAN DIEGO, June 3, 2022 /PRNewswire/ -- TuSimple (Nasdaq: TSP), a global self-driving technology company based in San Diego, California, today announced its participation in the following investor conferences.
- On Tuesday, June 7, 2022, at 1:30 p.m. Eastern Time, management will present in a fireside chat at the 6th Annual Needham Virtual Automotive Tech Conference.
- On Tuesday, June 14, 2022, at 11:45 a.m. Eastern Time, management will virtually present in a fireside chat at the Deutsche Bank Global Auto Industry Conference.
- On Tuesday, June 21, 2022, management will virtually participate in Credit Suisse 2022 Mobility Forum.
Management will be available for one-on-one or group meetings with institutional investors at all conferences above. Portfolio managers and analysts who wish to request a meeting should contact their institutional sales representative at each sponsoring bank.
About TuSimple
TuSimple is a global autonomous driving technology company headquartered in San Diego, California, with operations in Arizona, Texas, Europe, and China. Founded in 2015, TuSimple is developing a commercial-ready, fully autonomous (SAE Level 4) driving solution for long-haul heavy-duty trucks. TuSimple aims to transform the $4 trillion global truck freight industry through the company's leading AI technology, which makes it possible for trucks to drive safely autonomously, operate nearly continuously, and reduce fuel consumption by 10%+ relative to manually driven trucks. Global achievements include the world's first fully autonomous, 'driver-out' semi-truck run on open public roads, and development of the world's first Autonomous Freight Network (AFN). Visit us at www.tusimple.com.
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SOURCE TuSimple | https://www.mysuncoast.com/prnewswire/2022/06/03/tusimple-participate-upcoming-investor-conferences/ | 2022-06-03T19:12:37Z |
IPS Ecosystem unifies parking resource planning, management, and data-driven decision-making for any size operation.
SAN DIEGO, July 25, 2022 /PRNewswire/ -- IPS Group ("IPS"), the leader in innovative Smart Parking solutions, will showcase its Fully Integrated Smart Parking Ecosystem at the IPMI Parking & Mobility Conference & Expo in New Orleans, LA July 24 – 27, 2022.
IPS provides Smart Cities and Higher Education Institutions a powerful, robust, and scalable Smart Parking technical ecosystem that can be deployed with IPS as the sole provider, as well as a system aggregator and integrator of multiple third-party solutions. Many IPS customers already subscribe to the complete, fully integrated IPS Ecosystem for their core operations for ease of agency-wide parking data integration and access to all parking applications in one secure platform.
"As innovation and sources of data continue to explode across the parking industry, seamless system integration has become the number one requirement of our customers today," says Chad Randall, IPS Group Chief Operating Officer. "Understanding that every City and University has a diverse set of needs, we provide a truly unified and flexible solution that can eliminate data and operational silos. This allows our customers to extract greater value and prioritize their time on data-supported policy decisions such as streamlining maintenance and enforcement, managing parking demand and the customer journey, and seizing more opportunities to increase revenue and improve the customer experience."
Live demonstrations of all IPS Smart Parking solutions will take place at booth 237. All IPS applications are seamlessly connected to the secure, cloud-based Data Management System that integrates all application data into custom dashboards, meaningful analytics and insights, and business intelligence reports.
The IPS Fully Integrated Smart Parking Ecosystem includes:
- Data Management System with Advanced Analytics
- M5™ Single-Space Parking Meters
- MS1™ and MS3™ Multi-Space Pay Stations
- Pay Station Upgrade Kits
- Enforcement Management Solution
- Permit Management Solution
- PARK SMARTER™ Mobile Payment Application
- Vehicle Detection Smart Sensors
About IPS Group
IPS Group, headquartered in San Diego, Calif., with offices across North America and Europe, is a designer, engineer and manufacturer of low-power wireless telecommunications, payment processing systems, intelligent data management and cloud-based technologies. IPS provides Smarter Parking for Smart Communities™ of any size through its Fully Integrated Smart Parking Ecosystem of connected applications.
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SOURCE IPS Group, Inc. | https://www.wibw.com/prnewswire/2022/07/25/ips-group-showcases-fully-integrated-smart-parking-ecosystem-ipmi-parking-amp-mobility-conference-amp-expo/ | 2022-07-25T16:06:53Z |
Bringing Two Industry Leaders Together
TORONTO, June 6, 2022 /PRNewswire/ - Robert Herjavec, star of ABC's Emmy award-winning show Shark Tank and former CEO of #1 ranked MSSP Herjavec Group, announces Cyderes, the newly formed rebrand of Herjavec Group and Fishtech Group. Cyderes brings together two industry-leading managed service providers and creates a new category leader in the MSSP, MDR, XDR, and co-managed SIEM markets.
Funds advised by Apax partners, a $60 billion global private equity advisory firm, who in 2021 made a majority investment in Herjavec Group, later doubled down on that investment with the previously announced merger of Fishtech Group. Rohan Haldea, Partner, Apax commented "It's a rare opportunity to bring together two industry leaders into one market-defining company. The cybersecurity market continues to grow at unprecedented rates – and Cyderes will quickly become the industry standard for enterprises looking for greater assurance with their risk and cyber requirements." The Apax Funds continues as the majority investor along with Gary Fish (former CEO of Fishtech), now Cyderes board member together with Robert Herjavec, Cyderes CEO (and continued board member).
Cyderes, which stands for "cyber defense and response," uses its proprietary, cloud-first technology platform called CNAP (Cloud Native Analytics Platform) to help enterprises tackle the world's biggest cyberattacks with more than 800 security professionals operating out of six state-of-the-art global security operations centers. As enterprises acquire ever-increasing security platforms (ex. Google, Microsoft, Splunk, Crowdstrike, CyberArk, SailPoint, Okta), the need for focused companies, such as Cyderes, to manage those disparate technologies and provide assurance becomes even greater. Security as a Service (SaaS) is quickly becoming the desired outcome as cyber threats grow at unprecedented rates. Cyderes is in fact a market leader when it comes to the rapidly growing identity & access management (IAM) space, combining managed services around SIEM and identity platforms in addition to a full suite of IAM solutions.
In its first quarter (Q1/22) operating as a combined entity, Cyderes saw an incredible 340% ARR growth and added over 125 new hires to what is already one of the world's largest managed security engineering teams. The combined entity won several multi-million dollar deals across its solution set.
"Across the current geopolitical landscape, we are seeing an acceleration of cyber threats like never before, and enterprises are struggling to keep up. Our customers trust us to focus on their threats, so that they can focus on their business," said Herjavec, CEO of Cyderes. "This is a big moment for us and for our clients – I couldn't be more thrilled to launch the Cyderes brand. We are building a global market leader, with a world-class team in the highly fragmented managed security sector."
The combined company's new brand will be effective June 13th, 2022, with the launch of Cyderes.com.
About Cyderes
As the #1 MSSP in the world (Cyber Defense Magazine's 2021 Top MSSPs List), Cyderes is a global cybersecurity powerhouse offering comprehensive solutions in managed security, identity and access management, and professional services for the modern enterprise. Cyderes provides the people, processes, and technology to manage risk, and detect and respond to any threats – in ways that are better, faster, more cost-effective, and more scalable than traditional in-house solutions. Cyderes has six security operations centers across the United States, Canada, the United Kingdom, and India.
About Apax
Apax Partners LLP ("Apax") is a leading global private equity advisory firm. For nearly 50 years, Apax has worked to inspire growth and ideas that transform businesses. The firm has raised and advised funds with aggregate commitments of more than $60 billion. The Apax Funds invest in companies across four global sectors of Tech, Services, Healthcare and Internet/Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. For further information about Apax, please visit www.apax.com.
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SOURCE Cyderes | https://www.kxii.com/prnewswire/2022/06/06/cyderes-new-powerhouse-managed-cybersecurity/ | 2022-06-06T14:24:25Z |
ONTARIO, Calif., Aug. 29, 2022 /PRNewswire/ -- Air travelers making final trips this summer will have plenty of company at Southern California's Ontario International Airport (ONT) over the Labor Day weekend.
According to ONT officials, the number of domestic and international travelers combined will be more than 77,000 from September 1 through September 5, 6% higher than the same holiday period last year and 4.3% more than 2019.
"It has been a great summer at Ontario International as travelers returned to our airport in higher numbers, reaffirming our place as the gateway of choice for millions of Southern Californians. The Labor Day travel estimate certainly tracks with our summer forecast, which predicted that passenger volumes would continue to surpass pre-pandemic levels," said Atif Elkadi, chief executive officer of the Ontario International Airport Authority.
More than 1.7 million passengers were expected at ONT this summer, the busiest since 2008.
Elkadi noted that since the beginning of the pandemic, ONT has added new destinations including Charlotte, Honolulu and San Salvador. The airport now offers nonstop service to more than two dozen popular destinations.
About Ontario International Airport
Ontario International Airport (ONT) is the fastest growing airport in the United States, according to Global Traveler, a leading publication for frequent fliers. Located in the Inland Empire, ONT is approximately 35 miles east of downtown Los Angeles in the center of Southern California. It is a full-service airport which offers nonstop commercial jet service to 33 major airports in the U.S., Mexico, Central America and Taiwan. More information is available at www.flyOntario.com. Follow @flyONT on Facebook, Twitter, and Instagram
About the Ontario International Airport Authority (OIAA)
The OIAA was formed in August 2012 by a Joint Powers Agreement between the City of Ontario and the County of San Bernardino to provide overall direction for the management, operations, development and marketing of ONT for the benefit of the Southern California economy and the residents of the airport's four-county catchment area. OIAA Commissioners are Ontario Mayor Pro Tem Alan D. Wapner (President), Retired Riverside Mayor Ronald O. Loveridge (Vice President), Ontario City Council Member Jim W. Bowman (Secretary), San Bernardino County Supervisor Curt Hagman (Commissioner) and retired business executive Julia Gouw (Commissioner).
OIAA Media Contact:
Steve Lambert (909) 841-7527 slambert@flyontario.com
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SOURCE Ontario International Airport | https://www.kxii.com/prnewswire/2022/08/29/ontario-international-airport-expects-busy-labor-day-summer-travel-season-concludes/ | 2022-08-29T12:59:40Z |
- Designation based on business operations, waste, water, and energy practices
- CAE Healthcare will hold the title of Certified Green Business Partner until 2025
SARASOTA, Fla., Aug. 24, 2022 /PRNewswire/ - CAE Healthcare today announced it was named a Certified Green Business Partner by Sarasota County, Florida, where CAE Healthcare's U.S. headquarters are based. The green designation is awarded to businesses that operate in an environmentally responsible manner as determined by a rigorous assessment.
"We are honored to be named a Certified Green Business Partner by our local government, reinforcing our commitment to sustainability," said Jeff Evans, Interim President, CAE Healthcare. "Reducing our environmental impact is important to our customers and integral to future generations. This is just one step on that journey, as we will continue to identify and implement sustainable practices throughout the workplace."
To be certified as a green business partner, businesses must verify conservation practices in four areas: business operations, solid waste management, water conservation and energy consumption. In addition to CAE completing an extensive application, the University of Florida Institute of Food and Agricultural Sciences conducted an assessment. The school recognized CAE Healthcare's recycling initiatives, company policies and the use of energy-conserving equipment. CAE Healthcare will hold the designation until 2025.
CAE began its corporate social responsibility journey six years ago, with a focus on ethics and integrity; community and environment; people and safety; and innovation and customer experience. CAE achieved carbon neutrality in 2020, becoming the first Canadian aerospace company to reach that goal. CAE strives to be a sustainability leader, working with industry partners to reduce emissions and adopt waste-reducing measures.
About CAE Healthcare
CAE Healthcare offers integrated education and training solutions to healthcare students and clinical professionals across the professional life cycle, allowing them to develop practical experience in simulated environments before treating patients. CAE Healthcare's full spectrum of simulation solutions includes surgical and imaging simulation, curriculum, the CAE LearningSpace audiovisual and centre management platform and highly realistic adult, pediatric and baby patient simulators. Today, hospitals, medical schools, nursing schools, defence forces and societies in more than 80 countries use our training solutions to make healthcare safer. cae.com/healthcare
About CAE
At CAE, we equip people in critical roles with the expertise and solutions to create a safer world. As a technology company, we digitalize the physical world, deploying simulation training and critical operations support solutions. Above all else, we empower pilots, airlines, defence and security forces, and healthcare practitioners to perform at their best every day and when the stakes are the highest. Around the globe, we're everywhere customers need us to be with more than 13,000 employees in more than 200 sites and training locations in over 40 countries. CAE represents 75 years of industry firsts—the highest-fidelity flight and mission simulators, surgical manikins, and personalized training programs powered by artificial intelligence. We're investing our time and resources into building the next generation of cutting-edge, digitally immersive training and critical operations solutions while keeping positive environmental, social and governance (ESG) impact at the core of our mission. Today and tomorrow, we'll make sure our customers are ready for the moments that matter.
Read our FY22 Annual Activity and Corporate Social Responsibility Report
CAE Contacts
General Media:
Samantha Golinski, Vice President, Public Affairs & Global Communications
+1-514-341-2000, ext. 7939, samantha.golinski@cae.com
Trade media:
Heidi Fedak, Manager, Creative Services and Communications – CAE Healthcare,
+1 941 914 7781, heidi.fedak@cae.com
Investor Relations:
Andrew Arnovitz, Senior Vice President, Investor Relations and Enterprise Risk Management
+1-514-734-5760, andrew.arnovitz@cae.com
Follow us on
Twitter @CAE_Inc
Facebook www.facebook.com/cae.inc
LinkedIn www.linkedin.com/company/cae
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SOURCE CAE INC. | https://www.kxii.com/prnewswire/2022/08/24/cae-healthcare-named-certified-green-business-partner-by-sarasota-county/ | 2022-08-24T12:34:32Z |
Germany: Deal on radio beacons makes space for wind turbines
BERLIN (AP) — The German government has resolved a long-running spat that will allow the construction of more than 1,000 onshore wind turbines, boosting efforts to expand the use of renewable energy. The economy and transport ministries said Tuesday that a deal has been struck to amend safety rules for weather radars and ground-based radio beacons for aircraft navigation. Officials said this would allow wind turbines with an installed capacity of about 5 Gigawatts to be built in regions where they were previously banned. The center-left government that came to power last year has pledged to massively expand the use of renewable energy to reduce Germany’s greenhouse gas emissions and reduce its dependence on Russian energy supplies in the wake of the war in Ukraine. | https://localnews8.com/news/ap-national-business/2022/04/05/germany-deal-on-radio-beacons-makes-space-for-wind-turbines/ | 2022-04-05T22:09:44Z |
(The Hill) – President Biden sees himself as the Democrat with the best chance of beating former President Trump.
The president is suffering from anemic approval ratings, with a recent poll showing a majority of Democrats don’t want him to be the party’s nominee in 2024.
He’s facing record high inflation, a turbulent political and media environment, and deep frustration within his party over its inability to protect abortion rights and take action on climate change.
It’s no wonder many are beginning to look for alternatives in two years as Democrats face the prospect of a tough midterm election in which they could lose the House and Senate majorities.
Yet the same New York Times-Siena College poll that had terrible news for Biden also showed he would still beat Trump in a head-to-head match-up 44 percent to 40 percent if the next presidential election were held today.
“It’s pretty clear that the strongest argument for Biden 2024 is a Biden vs. Trump rematch,” said Democratic strategist Joel Payne.
In the Times poll, Biden’s approval rating hit a low of 33 percent, and it showed a majority of Democrats want someone other than him to run in 2024.
Yet one top Democratic donor said the poll showing Biden beating Trump, who could announce a new run for the White House any day, is giving the president “some life at a time when he really needs it.”
“So many people are counting him out, but when you put it in those terms … when you see he’s the only one who could win, we’d be crazy not to rally behind him. Because who else is there at the moment?” the donor added.
Biden ran in the 2020 contest to end Trump’s presidency, saying no other Democrat could take him on and win after the Republican’s shocking win over Democrat Hillary Clinton in 2016. Biden, the vice president for the previous eight years, didn’t run in 2016, with Clinton sitting as the party favorite.
Given Biden’s political problems, the 2024 scenario is setting itself up as quite the conundrum for Democrats.
Many in the party hold doubts about Biden, who would be 81 in 2024. Young people are crying for a different candidate, and the president has been severely weakened politically.
Yet there are also doubts about all of the would-be replacements for Biden in a 2024 race. And while there is no guarantee that Trump will win the 2024 GOP nomination if he does run for a second term — although polls suggest it is likely — there are Democrats who see Biden as a strong candidate to run against Trump in such a scenario.
“I thought the only relevant number in that was that Joe Biden beats Donald Trump,” Zac Petkanas, a former aide to Clinton’s 2016 campaign, said of the Times poll.
A Biden-Trump rematch would be a historical abnormality: a president running against a former president he defeated.
“As frustrated as Democrats might be with the administration, the fear of a second Trump term looks larger than anything else,” said Julian Zelizer, a professor of history and public affairs at Princeton University.
The Times survey couldn’t have landed at a better moment for Biden, in some ways, as Trump appears to be inching closer to announcing another presidential bid.
In an interview with New York Magazine, Trump all but said he planned to announce another presidential run, saying the only remaining question was whether he would do so before or after the November midterm elections.
While Trump may be weakened by the bombshell findings of the Jan. 6 committee and competing investigations into his conduct, polls still suggest he maintains dominance among GOP voters.
Democrats would be thrilled to see Trump announce his candidacy pre-midterms, which could help energize their base at a critical moment.
“Trump is like a steroid boost for Democrats,” said Jim Kessler, executive vice president for policy at the centrist Democratic think tank Third Way. “He’s the most hated politician in America, particularly among Democratic voters.”
Kessler acknowledged that the November midterms are likely to be difficult for Democrats but said that a Trump reelection announcement could help boost turnout among the base.
Biden at times has intimated he would relish another matchup against Trump. He did so again this past week, telling Israel’s Channel 12 in an interview that he would “not be disappointed” by another Trump-Biden match-up.
“Biden very much benefits from a Trump run,” said one Democratic strategist who has worked on recent presidential campaigns. “We know what that looks like. We know what the arguments are. We know that even if Biden runs, Trump energizes the base. It’s the best-case scenario for Biden.”
Still, the strategist said Biden risks boxing himself in by playing the ‘I’m-the-only-one-who-can-beat-Trump card.’
“They’re setting up an interesting box for themselves if for some reason Trump decides not to run or he can’t run,” the strategist said. “It’s a dangerous argument because it deemphasizes his strength with other Republican candidates, including someone like [Florida Gov.] Ron DeSantis.”
There is sparse 2024 public polling at this stage, but a Marquette Law School poll released at the end of March showed Biden beating three hypothetical challengers — Trump, DeSantis and former vice president Mike Pence — by 4 or 5 points each. At the time, however, Biden’s approval rating was about 10 points higher than it is now.
Biden also faces a significant challenge in improving his standing among voters who have soured on his presidency amid high inflation. FiveThirtyEight earlier this week placed his current average approval rating — 39 percent — as the worst of any president since World War II’s end at this point in their term.
Still, Biden started his presidency on a high note, and his supporters argue that Biden, unlike Trump, has a chance to rebound as the economic situation in the U.S. improves.
“At a certain point we’re going to start to see inflation ease and, hopefully, a soft landing, and he’s got room to grow,” said Kessler. | https://cw33.com/news/nexstar-media-wire/bidens-best-hope-for-2024-might-be-donald-trump/ | 2022-07-17T17:27:51Z |
Editor's Summary
- Acer releases its TravelMate P4 and TravelMate Spin P4 series of business laptops with the latest 12th Gen Intel® Core™ vPro® or AMD Ryzen™ PRO processors
- The new TravelMate P4 is now available with 14- or 16-inch 16:10 WUXGA IPS thin-bezel displays, and are built with stunning and lightweight aluminum-magnesium alloy and PCR (Post-Consumer Recycled) plastic
- The TravelMate Spin P4 features a Corning® Gorilla® Glass anti-glare touchscreen and convertible design
- New TravelMate P2 notebooks built with 12th Gen Intel Core vPro CPUs come with 14- or 15.6-inch displays, and PCR plastic and ocean-bound plastic throughout its chassis and touchpad
TAIPEI, May 18, 2022 /PRNewswire/ -- Acer today announced its refreshed range of TravelMate business laptops for SMB (Small- and Medium- Sized Businesses) and hybrid workers, offering them a wider choice of mobility and performance. Each of the durable Acer TravelMate P4, TravelMate Spin P4 and TravelMate P2 laptops offer workers at the office, home or on the move a highly refined experience with larger touchpads and quieter key presses with a comfortable 1.55 mm travel distance.
These durable laptops are designed to deliver powerful performance throughout the work day, enhanced security, advanced connectivity and military-grade durability. They are engineered to handle real life situations such as being bumped through an airport security checkpoint or accidentally dropped, and meet MIL-STD 810H specifications, meaning they can withstand drops, humidity and water spills.
The Acer TravelMate P2, TravelMate P4, and TravelMate Spin P4 laptops provide business-grade security and productivity. These Microsoft Secured-core PCs deliver advanced security down to the firmware level. A SecureBio fingerprint reader and IR camera with a privacy shutter support Windows Hello for secure logins. All models offer advanced connectivity with Wi-Fi 6 to ensure a smoother wireless experience, and optional LTE support so business travelers can enjoy immediate connectivity to local networks.
Acer TravelMate P4 and TravelMate Spin P4
The 14- and 16-inch TravelMate P4 and the 14-inch TravelMate Spin P4 laptops are available with either 12th Gen Intel® Core™ i7 vPro® or AMD Ryzen™ 7 PRO processors. The WUXGA (1920 x 1200) IPS narrow-bezel display delivers an up to 86%[1] screen-to-body ratio and the 16:10 aspect ratio maximizes the use of the screen space further. All TravelMate P4 and TravelMate P4 Spin models deliver high quality video conference performance with AI-powered noise reduction microphones, four upward speakers, and built-in DTS Audio for higher quality, distortion-free audio. These eco-friendly laptops use up to 37.7%[2] PCR (Post-Consumer Recycled) plastic and 100% recycled packaging materials.
Additionally, the convertible TravelMate Spin P4 features an anti-glare display, can be rotated 360 degrees into laptop, stand, tent or tablet modes, and supports an AES 1.0 stylus for easy note taking. Its screen and touchpad featuring Corning® Gorilla® Glass are scratch-resistant and durable.
The new TravelMate P4 and TravelMate Spin P4 laptops with AMD Ryzen PRO processors feature built-in Pluton hardware security designed by Microsoft. Pluton technology is integrated directly into the processor, ensuring system integrity of Windows 11 devices with ongoing protection for identities, data, and applications.
Acer TravelMate P2
The Acer TravelMate P2 business laptops feature a 180-degree hinge that opens flat, and come in 14- and 15.6-inch versions powered by the latest 12th Gen Intel Core i7 vPro processors. The device features PCR (Post-Consumer Recycled) plastic throughout its chassis, and an OceanGlass™ touchpad, made with ocean-bound plastic and a UV texture layer to provide a glass-like tactile feeling.
Pricing and Availability
The 14-inch Acer TravelMate P4 with Intel processors will be available in the United States in Q3 2022, starting at USD 1,099; in EMEA in September 2022 starting at EUR 999; and in China in July 2022, starting at RMB 6,999.
The 14-inch Acer TravelMate P4 with AMD processors will be available in the United States in Q3 2022, starting at USD 1,099; and in EMEA in August 2022 starting at EUR 949.
The 16-inch Acer TravelMate P4 with Intel processors will be available in the United States in Q3 2022, starting at USD 1,099; in EMEA in September 2022 starting at EUR 999; and in China in July 2022, starting at RMB 6,999.
The 16-inch Acer TravelMate P4 with AMD processors will be available in the United States in Q3 2022, starting at USD 1,099; and in EMEA in August 2022 starting at EUR 949.
The Acer TravelMate Spin P4 with Intel processors will be available in the United States in Q3 2022, starting at USD 1,199; in EMEA in August 2022 starting at EUR 1,099; and in China in July 2022, starting at RMB 6,999.
The Acer TravelMate Spin P4 with AMD processors will be available in the United States in Q3 2022, starting at USD 1,199; and in EMEA in August 2022 starting at EUR 1,049.
The Acer TravelMate Spin P2 will be available in the United States in Q3 2022, starting at USD 899; in EMEA in August 2022 starting at EUR 799; and in China in July 2022, starting at RMB 5,999.
Exact specifications, prices, and availability will vary by region. To learn more about availability, product specifications and prices in specific markets, please contact your nearest Acer office via www.acer.com.
Visit Acer's press kit for product images and specifications, or visit the next@acer press room to see all announcements.
About Acer
Founded in 1976, Acer is one of the world's top ICT companies with a presence in more than 160 countries. As Acer evolves with the industry and changing lifestyles, it is focused on enabling a world where hardware, software and services will fuse with one another, creating ecosystems and opening up new possibilities for consumers and businesses alike. Acer's 7,500 employees are dedicated to the research, design, marketing, sale, and support of products and solutions that break barriers between people and technology. Please visit www.acer.com for more information.
© 2022 Acer Inc. All rights reserved. Acer and the Acer logo are registered trademarks of Acer Inc. Celeron, Intel and the Intel logo are trademarks of Intel Corporation or its subsidiaries in the U.S. and/or other countries. Other trademarks, registered trademarks, and/or service marks, indicated or otherwise, are the property of their respective owners. All offers subject to change without notice or obligation and may not be available through all sales channels. Prices listed are manufacturer suggested retail prices and may vary by location. Applicable sales tax extra.
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SOURCE Acer | https://www.mysuncoast.com/prnewswire/2022/05/18/acer-refreshes-travelmate-p4-travelmate-spin-p4-travelmate-p2-series-business-laptops/ | 2022-05-18T15:02:13Z |
Acclaimed organic vintner unveils carbonated cans, furthering leadership in super premium wine
HOPLAND, Calif., June 14, 2022 /PRNewswire/ -- On the heels of its pacesetting Climate Neutral certification, Bonterra Organic Vineyards, the organically grown wine category leader,1 builds on its incredible growth trajectory and success with the release of Bonterra Bubbles. The new collection of refreshingly fizzy 250ml cans, dubbed Bonterra Bubbles, aims to meet consumer demand for two surging categories: organic products and RTD (ready-to-drink) offerings. Available nationwide, Bonterra Bubbles debuts with a California Rosé and Brut, priced at $4.99 per can. This innovation follows the brand's 2019 release of still canned wine in four-packs, the first nationally available organically farmed wine in cans.
Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/8907153-bonterra-sparkling-canned-wine-bubbles
"With the increasing variety of consumption occasions, the release of Bonterra Bubbles expands how, when and where consumers can enjoy Bonterra," said Hilary Butler, director of marketing for Bonterra. "This expansion into sparkling canned wines signals our continued commitment to deliver on consumer trends and values. Bonterra Bubbles offer the same great quality as our acclaimed 750ml portfolio and will certainly be a crowd pleaser."
As consumers continue to reach for alternatively packaged beverages, canned wine is poised for success. By 2028, canned wine is expected to be a $571.8 million-dollar market, with the popularity of sparkling selections remaining a bright spot in the category.2 Meanwhile the market for natural and organic products continues to boom and is estimated to reach $400 billion by 2030,3 with the production of organic wine projected to grow 10.2% between 2022 and 2030.4
"Organic winemaking is all about balance, and these cans strike the perfect balance between good quality wine and a style that doesn't take itself too seriously," said Winemaker Jeff Cichocki. "The versatility that comes from the purity of fruit flavor, lively acidity and carbonation, opens the door for fun and sometimes unexpected pairings: crispy, panko-crusted onion rings are my go-to for our Rosé. At the end of the day, the only guideline when cracking open a can of Bonterra Bubbles is to simply enjoy it."
Launching with non-vintage canned Rosé and a white blend Brut, Bonterra Bubbles invites consumers to enjoy the brand's low-intervention, organically farmed wine with a playful twist and effervescent attitude. Cichocki crafts the wines exclusively with certified organic grapes grown in California, blending varieties such as Grenache, Mourvèdre and Malbec in the Rosé, and Viognier and French Colombard in the Brut to create fresh, fruit-driven selections. Following fermentation and aging in stainless steel tanks for ultimate freshness, Cichocki ensures the blends are full of flavor and low in alcohol—the Brut comes in at 12% ABV and the Rosé at 12.3% ABV—before the wines are carbonated to create crisp, sessionable sippers with a refreshing, clean finish.
To celebrate the launch, Bonterra plans to unveil Bubbles during the Aspen Food & Wine Classic running June 17-19, and has teamed up with multiple influencers and brand ambassadors to be some of the first to try it.
"We are thrilled to be able to bring Bonterra Bubbles to the mountains this year—to retailers, restaurant owners, and brand ambassadors," said Butler. "Bubbles offers that effervescent, perfectly balanced sip you've come to expect from Bonterra. We're so pleased to make it easier than ever to enjoy."
Bonterra Bubbles is available at retailers nationwide and online. To learn more about Bonterra Bubbles, follow the brand on Instagram and Facebook @Bonterra or visit Bonterra.com.
ABOUT BONTERRA
Leading with the belief that wine making is a collaboration with the land, Bonterra has been farming organically since 1987. Inspired by the purity of organic fruit, Bonterra has a low-intervention approach to wine making—its winery is certified organic, sustainable, and TRUE Zero Waste and operates on 100% renewable energy. Organically farmed and masterfully made, the Bonterra Organic Vineyards collection epitomizes wines that are perfectly in tune with nature. In addition to a widely available selection of organically farmed wines that includes Chardonnay, Sauvignon Blanc, Cabernet Sauvignon, Merlot, Pinot Noir, Rosé and Zinfandel, Bonterra crafts a trio of sought-after single-vineyard offerings from estate vineyards in Mendocino County.
Bonterra is the world's first organically farmed wine brand to be Climate Neutral® certified, meaning it takes responsibility for its emissions across its entire business scope. As part of the largest Certified B Corp wine company in the world, Bonterra advocates for policies around regenerative agriculture, healthy soils and sustainable water practices. Bonterra was awarded the 2020 California Green Medal in the Environment category in recognition of its legacy of environmental stewardship and ongoing leadership in climate-smart wine growing. More at www.Bonterra.com.
1 IRI L13 weeks ending 4-3-22. TTL US MULO + C
2 Grand View Research Market Analysis Report "Canned Wines Market Size, Share & Trends Analysis Report By Product (Sparkling, Fortified), By Distribution Channel (Supermarket & Hypermarket, Online), By Region (APAC, North America), And Segment Forecasts, 2021 – 2028," Link: https://www.grandviewresearch.com/industry-analysis/canned-wines-market
3 New Hope Network: Shara Rutberg, "Technology, J.E.D.I. are key to natural products' growth, data show", Mar. 9, 2022. Link: https://www.newhope.com/market-data-and-analysis/technology-jedi-are-key-natural-products-growth-data-show
4 Grand View Research Market Analysis Report "Organic Wine Market Size, Share & Trends Analysis Report By Type (Red Organic Wine, White Organic Wine), By Distribution Channel (On-trade, Off-trade), By Region, And Segment Forecasts, 2022 – 2030," Link: https://www.grandviewresearch.com/industry-analysis/organic-wine-market-report?utm_source=prnewswire&utm_medium=referral&utm_campaign=fmcg_21-feb-22&utm_term=organic-wine-market-report&utm_content=rd1
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SOURCE Bonterra Organic Vineyards | https://www.wibw.com/prnewswire/2022/06/14/bonterra-enters-sparkling-canned-wine-category-with-organically-crafted-bubbles/ | 2022-06-14T14:47:44Z |
Boy’s orange shoes key to saving his life after boat crash
RED WING, Minn. (WCCO) - A 5-year-old boy’s bright orange shoes helped with his rescue after he and several family members fell in the water during a boating accident.
Stephanie Bergeron was enjoying a peaceful night Friday at the houseboat marina in Red Wing, Minnesota, where she lives. But the night turned chaotic as a barge on the nearby Mississippi River started beeping frantically.
“I’ve never heard a barge do that before... So, we’re like, ‘Wow, well, what’s going on?’” Bergeron said. “Then, we heard one of the pontoon boats yelling there’s a man overboard. There were so many rescue people here.”
According to the Goodhue County Sheriff’s Office, Jeremy Koenig and his four children were fishing on the river when their boat motor gave out, and a barge collided with their small boat.
Koenig and three of his four kids made it to shore safely, but 5-year-old Vincent was missing.
Then, as the family’s boat was being pulled to shore, someone spotted something bright orange in the water.
“One of the water rescue [crew] saw the shoe of the boy on the bottom side of the boat… Then, he jumped in and got him, and it was instantaneous. They brought him to the dock and started rescue measures,” Bergeron said.
Vincent is currently receiving major medical attention after he was hospitalized in the pediatric intensive care unit. It’s unknown how long he was underwater, according to a post on the family’s CaringBridge page.
One of the family’s recent posts says he does not have brain damage. They credit prayer, CPR and his orange shoes for giving Vincent a fighting chance.
“Everybody’s been very concerned and praying that he’s gonna be OK,” Bergeron said.
The sheriff’s office is still investigating the incident. They say all four children involved were wearing life jackets.
Copyright 2022 WCCO via CNN Newsource. All rights reserved. | https://www.wibw.com/2022/06/08/boys-orange-shoes-key-saving-his-life-after-boat-crash/ | 2022-06-08T08:21:54Z |
LOS ANGELES , May 13, 2022 /PRNewswire/ -- In a recently released report, the global web3 / NFT market size is expected to grow from USD 3.0 billion in 2022 to USD 13.6 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 35.0% from 2022 to 2027. One of the important factors behind the exponential increase in demand for NFTs is that NFTs have extended their horizon from music, videos, and sports to other streams, such as Metaverse and play-to-earn gaming.
The largest factors fueling the web3 and NFT market include the increasing influence of celebrities to fuel the adoption of a web3 mentality and embrace NFTs. There have been many use cases of lucrative opportunities within NFT supply chains for retail, fashion, play-to-earn gaming, and Metaverse real estate. Efforts from industry giants have become increasingly apparent and are providing many more opportunities for independent artists and emerging brands to expand their foothold in a digital landscape.
On April 20th, The Sandbox announced it's intentions to enter a partnership with My Homies by Cheech and Chong® to usher in a new era for web3 gaming and digital collectibles by hosting a transcendent dreamworld into The Sandbox's metaverse, enabling fans and holders of My Homies NFTs to co-mingle virtually. Part virtual real estate, part amusement park, The Sandbox fully embraces the idea of the metaverse as a continuous shared digital space where worlds and heroes collide to make magic. Cheech & Chong® join over 200 existing partnerships including Ubisoft, Gucci Vault, Snoop Dogg, Adidas, Deadmau5, The Smurfs, Atari, ZEPETO, and CryptoKitties, all following The Sandbox team's vision of empowering players to create their own experiences using both new, and well-known characters and worlds.
"Cheech and Chong have always had an appreciation for art, counterculture and the different forms it can be expressed to stir emotions in people," said Sebastien Borget, COO and Co-Founder of The Sandbox. "We're looking forward to what they will create with and for their community in The Sandbox and what they will introduce to our metaverse."
Animoca Brands is the parent company for The Sandbox and while a popular platform, they are far from the only opportunities for virtual lands, gaming and other community activities. My Homies and the leadership team are forward thinking and have recently secured land in "The Otherside" which is another metaverse being created by Yuga Labs, Improbable and Animoca Brands; centered around the Bored Ape Yacht Club's IP. The Otherside will host a large amount of opportunities for the My Homies ecosystem to expand it's reach into multiple platforms. Additional Metaverse platforms are also being explored such as Spatial.io, Cryptovoxels, Decentraland and more.
Earlier this year in January, My Homies launched it's first installment to the collectible brand "Homies in Dreamland" which included an NFT collection with Art by Jermaine Rogers, produced by the duo's IP agents Easy Partners (Cathy Cleghorn and Kimberley Bierley), and web3 production company Atomic Partners (executive producer Joe Bradley, and project manager Jay Grigalunas).
10,420 NFTs were sold to over 5000 holders via the Ethereum block chain. As of 5-12-22 the statistics for the project are:
*5013 Holders own all of the 10420 NFT units
*97% Hold Rate – Only 472 of 10,420 units are listed for sale
*2.4% Listed below original project mint price.
*5600 Holders own original NFT Art created & delivered to holders for holding the Homies NFTs
Cheech and Chong® and the My Homies project leadership have set an overall mission focusing on Community, Art, Legacy and Mindfulness (C.A.L.M), and have succeeded in bringing 30+ guest artists into the project, distributing their NFT artwork to 5,600 unique holders. My Homies implemented a redemption system through their Discord server that allows the budding community and NFT holders to collect daily tickets to claim for real world merchandise which have been collected and celebrated by hundreds of NFT holders. In early March, during an NFT event in Los Angeles, My Homies partnered with Superchief Gallery NFT for a special in-real-life event connecting over 1000 attendees with Cheech Marin and Tommy Chong; 30 lucky NFT holders won a chance to have a personal "smoke session" with the guys. My Homies will be hosting another in-real-life event in New York during NFY.NYC in June; the event will be focused on connecting the guest artists with the community of NFT holders.
As new metaverse, gaming and other web3 native opportunities arise, My Homies by Cheech and Chong® will always reward holders of the collectible brand's NFTs and create experiences that support the mission of growing the community and expanding the legacy.
Twitter: https://twitter.com/myhomies
Discord: https://myhomies.com/discord
Web: https://myhomies.com
Contact: support@myhomies.com
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SOURCE Easy Partners LLC | https://www.mysuncoast.com/prnewswire/2022/05/13/cheech-amp-chong-embrace-web3-revolution-with-their-collectible-brand-my-homies-set-long-term-vision-metaverse-with-digital-provenance/ | 2022-05-13T11:46:12Z |
BUFFALO, N.Y. (AP) — The white 18-year-old who shot and killed 10 people at a Buffalo supermarket had researched the local demographics and arrived in the area a day in advance to conduct reconnaissance with the “express purpose” of killing as many Black people as possible, officials said Sunday.
The chilling revelation prompted grief and anger in the predominantly Black neighborhood around Tops Friendly Market, where a group of people gathered to lead chants of “Black lives matter” and mourn victims that included an 86-year-old woman who had just visited her husband in a nursing home and a security guard who fired multiple shots at the suspect.
“Somebody filled his heart so full of hate that he would destroy and devastate our community,” the Rev. Denise Walden-Glenn said.
Speaking at the National Peace Officers’ Memorial service at the U.S. Capitol, President Joe Biden said “we must all work together to address the hate that remains a stain on the soul of America.”
As the country reeled from its latest mass shooting, new details emerged about the gunman’s past and Saturday’s rampage, which the shooter livestreamed on Twitch. New York Gov. Kathy Hochul, a Buffalo native, demanded technology companies tell her whether they’ve done “everything humanly possible” to make sure they are monitoring violent content as soon as it appears.
“If not, then I’m going to hold you responsible,” she said.
Twitch said in a statement that it ended the transmission “less than two minutes after the violence started.”
The shooter, identified as Payton Gendron, had previously threatened a shooting at his high school, a law enforcement official told The Associated Press. Buffalo Police Commissioner Joseph Gramaglia confirmed at a press conference that the then-17-year-old was brought in for a mental health evaluation afterward.
Federal law bars people from owning a gun if a judge has determined they have a “mental defect” or they have been forced into a mental institution — but an evaluation alone would not trigger the prohibition.
Federal authorities were still working to confirm the authenticity of a racist 180-page manifesto that detailed the plot and identified Gendron by name as the gunman. A preliminary investigation found Gendron had repeatedly visited sites espousing white supremacist ideologies and race-based conspiracy theories and extensively researched the 2019 mosque shootings in Christchurch, New Zealand, and the man who killed dozens at a summer camp in Norway in 2011, the law enforcement official told AP.
Portions of the Twitch video circulating online showed the gunman firing volley after volley of shots in less than a minute as he raced through the parking lot and then the store, pausing for just a moment to reload. At one point, he trains his weapon on a white person cowering behind a checkout counter, but says “Sorry!” and doesn’t shoot.
Screenshots purporting to be from the broadcast appear to show a racial epithet scrawled on his rifle, as well as the number 14 — a likely reference to a white supremacist slogan.
Authorities said he shot, in total, 11 Black people and two white people Saturday.
“This individual came here with the express purpose of taking as many Black lives as he possibly could,” Buffalo Mayor Byron Brown said at a news conference Sunday.
The manifesto, posted online, outlined a racist ideology rooted in a belief that the United States should belong only to white people. All others, the document said, were “replacers” who should be eliminated by force or terror. The attack was intended to intimidate all non-white, non-Christian people and get them to leave the country, it said.
It wasn’t immediately clear why Gendron had traveled about 200 miles (320 kilometers) from his Conklin, New York, home to Buffalo and that particular grocery store, but investigators believe Gendron had specifically researched the demographics of the population around the Tops Friendly Market, the official said.
He conducted reconnaissance on the area and store the day before the shooting, Gramaglia said.
Gendron had appeared on the radar of police last year after he threatened to carry out a shooting at Susquehanna Valley High School around the time of graduation, the law enforcement official who spoke on condition of anonymity said. The official was not authorized to speak publicly on the investigation.
New York State Police said troopers were called to the Conklin school last June for a report that a 17-year-old student had made threatening statements. He spent a day and a half at the hospital before being released, authorities said, and then had no further contact with law enforcement.
Gendron surrendered to police who confronted him in the supermarket’s vestibule and convinced him to drop the rifle he had put to his neck. He was arraigned later Saturday on a murder charge, appearing before a judge in a paper gown.
Federal agents served multiple search warrants and interviewed Gendron’s parents, who were cooperating with investigators, the law enforcement official said.
The Buffalo attack was just the latest act of mass violence in a country unsettled by racial tensions, gun violence and a recent spate of hate crimes. It came just a month after a shooting on a Brooklyn subway wounded 10 and just over a year after 10 were killed in a shooting at a Colorado supermarket.
“It’s just too much. I’m trying to bear witness but it’s just too much. You can’t even go to the damn store in peace,” Buffalo resident Yvonne Woodard told the AP. “It’s just crazy.” | https://cw33.com/news/national/nexstar-media-wire/buffalo-shooter-targeted-black-neighborhood-officials-say/ | 2022-05-15T22:55:18Z |
- Revenue in Second Quarter 2022 of $2.25 Billion; an Increase of 4% Year-Over-Year
- Second Quarter 2022 Net Income of $292 Million; Diluted EPS of $0.07
- Adjusted EBITDA of $679 Million
- Year-to-Date Capital Returns to Stockholders of $1.6 Billion
- SiriusXM Reiterates Full-Year Financial Guidance; Expects Positive Full-Year Self Pay Net Subscriber Additions
NEW YORK, July 28, 2022 /PRNewswire/ -- SiriusXM today announced second quarter 2022 operating and financial results, including revenue of $2.25 billion, an increase of 4% year over year. The company recorded net income of $292 million in the second quarter 2022 compared to $433 million in the prior year period. The prior year period benefited from $140 million of satellite insurance recoveries. Net income per diluted common share was $0.07 in the second quarter 2022 compared to $0.10 in the prior year period, or $0.08 excluding the satellite insurance recoveries recorded in the second quarter of 2021.
Adjusted EBITDA was $679 million in the second quarter of 2022, down 3% from the second quarter of 2021.
"We are pleased with our results in the second quarter, and while we continue to navigate an uncertain economic environment, we delivered strong financial performance and continued to make strategic investments in our business that will set us up for an exciting new era at SiriusXM," said Jennifer Witz, Chief Executive Officer of SiriusXM. "We remain committed to creating compelling experiences for our listeners by investing in innovative technologies to deliver best-in-class, curated, comprehensive audio entertainment. We remain equally committed to delivering consumers the best and widest choice in premium audio content. From launching pop-up channels celebrating Black Music Appreciation Month to acquiring Conan O'Brien's Team Coco to produce new content for our listeners, and most recently, expanding our relationship with the NFL to deliver the most extensive sports lineup in audio entertainment, we will continue to enhance our platform to ensure broad appeal."
"SiriusXM's churn was steady at approximately 1.5% in the quarter, underscoring the strength of our business, our products, and loyalty of our customers. In the second quarter, we delivered focused expansion in key streaming offerings and maintained a strong balance sheet," said Sean Sullivan, Executive Vice President, and Chief Financial Officer. "This quarter we returned over $300 million in capital to stockholders, comprising $217 million in common stock repurchases and $86 million in dividends, and ended the quarter with net debt to adjusted EBITDA of 3.6 times."
Sirius XM Holdings operates two complementary audio entertainment businesses — one of which we refer to as "SiriusXM" and the second of which we refer to as "Pandora and Off-Platform." Further information regarding these two segments will be contained in the company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2022. The financial and operating highlights below exclude the impact of share-based payment expense.
Self-Pay Subscribers Remain at 32.0 Million
During the second quarter of 2022, SiriusXM self-pay subscribers increased by 23,000 and paid promotional subscribers increased by 54,000. Total subscribers were 34.0 million on June 30, 2022. The SiriusXM trial funnel stood at approximately 7.3 million at the end of the quarter, up from 6.9 million at the end of the first quarter of 2022. Self-pay monthly churn remained at approximately 1.5%.
SiriusXM Revenue Increased 5% to $1.7 Billion
Second quarter 2022 revenue grew 5% to $1.7 billion compared to the second quarter of 2021. This growth was driven by a $1.05 increase in average revenue per user (ARPU), up 7% year over year, resulting in a total ARPU of $15.62. Second quarter 2022 revenue also benefited from a 2% increase in SiriusXM self-pay subscribers, partially offset by the effects of a lower base of paid promotional subscribers.
Gross Profit Increased 6% to $1.1 Billion and Gross Margin Remained Stable
Total cost of services at SiriusXM increased by 3% to $668 million for the quarter compared to the corresponding quarter in 2021. Gross profit at SiriusXM totaled $1.1 billion, an increase of 6% compared to the 2021 period, producing a gross margin of 61%, consistent with the prior year period.
Expanded Content Offering
During the quarter, SiriusXM continued its efforts creating special programming recognizing Black artists with the launch of two exclusive channels during Black Music Appreciation Month in June, Whitney Houston and The Notorious B.I.G., and welcomed back The 2PAC Channel and The Prince Channel. The quarter also saw a continued focus on opportunities that leverage SiriusXM's full audio ecosystem, including the acquisition of Team Coco, which included the critically-acclaimed hit podcast Conan O'Brien Needs a Friend, and the Conan O'Brien-led podcast network and digital media business. As part of the deal, Conan will collaborate with SiriusXM to create and executive produce a new fulltime, original Team Coco comedy channel for SiriusXM subscribers expected to launch this fall. SiriusXM also reached a new agreement with the NFL, making the platform the exclusive third-party audio provider of every NFL game, along with expanded rights to bring subscribers team-focused content from NFL clubs.
Product Enhancements
In the second quarter, SiriusXM made improvements to the commerce experience on its existing SXM Apps on connected devices, including Amazon Fire, Android TV, LG, and Roku, and launched the SXM App on Comcast X1, Flex, and XClass TV platforms.
BMW vehicles equipped with SiriusXM 360L received a key feature update. BMW vehicles with 360L now include Pandora Stations, an in-car feature from SiriusXM that employs Pandora's listener personalization technology and gives BMW owners the ability to customize their own ad-free music channels in the car with more of what they want to hear.
Advertising Revenue Increased 5% to $403 Million
Second quarter 2022 ad revenue in the Pandora and Off-Platform segment increased by 5% year over year to $403 million. Off-platform advertising, including the company's podcast business, climbed 50% year over year to nearly $119 million in the second quarter of 2022. Ad revenue maintained monetization of approximately $100 per thousand hours at Pandora, remaining roughly flat compared to the second quarter of 2021.
Total Advertising-Supported Listener Hours of 2.84 Billion
Monthly Active Users (MAUs) at Pandora were 50.5 million in the second quarter of 2022, down from 55.1 million in the prior year period. Total ad-supported listener hours were 2.84 billion in the second quarter of 2022, down from 3.03 billion in the 2021 period. Average monthly hours per ad-supported user climbed 3% to 21.1 in the second quarter of 2022 compared to 20.4 in the second quarter of 2021.
Self-Pay Subscribers Decreased Modestly
Self-pay subscribers to the Pandora Plus and Pandora Premium services decreased modestly in the second quarter of 2022 to end the period at 6.3 million.
Gross Profit Falls
Subscriber revenue decreased by 2%, advertising revenue increased by 5% and total cost of services increased by 14% during the second quarter of 2022 driven by investments in new podcast content. This resulted in gross profit in the Pandora and Off-platform segment of $167 million, a decrease of 13% compared to the corresponding 2021 period, and produced a gross margin for the quarter of 31%, down 6 percentage points from the prior year period.
Content Engagement
Pandora saw increases in time spent listening by active users, driven by a continued focus on improving personalization and expanding its rich content offering. The quarter saw launches of several new Pandora stations, including Country Grit, one of Pandora's most-listened genres (country music); Pan-Asian United, a new channel showcasing a range of genres from Asian-American and Pacific Islander artists; and Prom Night, the platform's largest suite of stations to date, all in celebration of the 2022 prom season. Additionally, in honor of Black Music Appreciation Month in June, Pandora's Black Music Forever Radio launched five new modes representing five decades of the evolution of dance influenced by black culture.
Podcast Growth and Expanded Ad Representation
SXM Media, the company's combined advertising sales organization, continues to be a dominant force in podcast ad sales, ranking as the #1 podcast advertising network in weekly U.S. listener reach, according to Edison Research. SXM Media currently represents four of the top 15 podcasts in the country, including "Crime Junkies," "Office Ladies," "Dateline NBC," and "Pod Save America."
As part of the previously mentioned acquisition of Team Coco, SiriusXM expanded its exclusive global ad representation beyond Team Coco's acclaimed podcasts to also include digital video, social media, and live events associated with Team Coco's properties. During the quarter, the company also signed new agreements with multi-platform internet star Lyle Forever, which includes his hit podcast Therapy Gecko and Critical Role, the D&D role-playing collective with millions of fans. These agreements secured the global advertising sales rights for SXM Media and continued to expand the company's off-platform business, and solidified SXM Media as a leader in the sales of audio advertising for podcasts.
Subscriber acquisition costs increased by 2% to $91 million in the second quarter of 2022 compared to the prior year period, driven by higher equipment installations by automakers. Sales and marketing costs increased by 20% to $272 million in 2022 compared to the prior year, boosted by increased performance marketing efforts and the continuation of a multi-media national ad campaign promoting SiriusXM, which launched late 2021. Engineering, design and development costs rose 7% to $63 million, and general and administrative expenses decreased by 1% to $113 million in 2022.
Free cash flow was $435 million, down approximately 21% from the prior year period, as cash taxes rose by $97 million year over year and the second quarter of 2021 benefited from $17 million in satellite insurance receipts.
The Company continues to anticipate positive full-year 2022 self-pay net subscriber additions and reiterates 2022 guidance for revenue, adjusted EBITDA, and free cash flow as follows:
- Total revenue of approximately $9.0 billion,
- Adjusted EBITDA of approximately $2.8 billion, and
- Free cash flow of approximately $1.55 billion.
Unaudited Results
Set forth below are our results of operations for the three and six months ended June 30, 2022 compared with the three and six months ended June 30, 2021. Legal settlements and reserves and share-based payment expense have been excluded from cost of services line items and presented as their own line items in the table below, as this is consistent with how the segments are evaluated on a regular basis.
Key Financial and Operating Metrics
A full glossary defining our key financial and operating metrics can be found in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2022.
Subscribers and subscription related revenues and expenses associated with our connected vehicle services and Sirius XM Canada are not included in Sirius XM's subscriber count or subscriber-based operating metrics.
Set forth below are our subscriber balances as of June 30, 2022 compared to June 30, 2021:
The following table contains our Non-GAAP financial and operating performance measures which are based on our adjusted results of operations for the three and six months ended June 30, 2022 and 2021:
Reconciliation from GAAP Net income to Non-GAAP Adjusted EBITDA:
Reconciliation of Free Cash Flow:
Reconciliation of SAC, per installation:
Sirius XM Holdings Inc. (NASDAQ: SIRI) is the leading audio entertainment company in North America, and the premier programmer and platform for subscription and digital advertising-supported audio products. SiriusXM's platforms collectively reach approximately 150 million listeners, the largest digital audio audience across paid and free tiers in North America, and deliver music, talk, news, comedy, entertainment and podcasts. SiriusXM offers the most extensive lineup of professional and college sports in audio. Pandora, a subsidiary of SiriusXM, is the largest ad-supported audio entertainment streaming service in the U.S. SiriusXM's subsidiaries Stitcher, Simplecast and AdsWizz make it a leader in podcast hosting, production, distribution, analytics and monetization. The Company's advertising sales arm, SXM Media, leverages its scale, cross-platform sales organization, and ad tech capabilities to deliver results for audio creators and advertisers. SiriusXM, through Sirius XM Canada Holdings, Inc., also offers satellite radio and audio entertainment in Canada. In addition to its audio entertainment businesses, SiriusXM offers connected vehicle services to automakers. For more about SiriusXM, please go to: www.siriusxm.com.
This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "believe," "intend," "plan," "projection," "outlook" or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements.
The following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: we have been, and may continue to be, adversely affected by supply chain issues as a result of the global semiconductor supply shortage; we face substantial competition and that competition is likely to increase over time; if our efforts to attract and retain subscribers and listeners, or convert listeners into subscribers, are not successful, our business will be adversely affected; we engage in extensive marketing efforts and the continued effectiveness of those efforts is an important part of our business; we rely on third parties for the operation of our business, and the failure of third parties to perform could adversely affect our business; we may not realize the benefits of acquisitions and other strategic investments and initiatives; the ongoing COVID-19 pandemic has introduced significant uncertainty to our business; a substantial number of our Sirius XM service subscribers periodically cancel their subscriptions and we cannot predict how successful we will be at retaining customers; our ability to profitably attract and retain subscribers to our Sirius XM service as our marketing efforts reach more price-sensitive consumers is uncertain; our business depends in part on the auto industry; failure of our satellites would significantly damage our business; our Sirius XM service may experience harmful interference from wireless operations; our Pandora ad-supported business has suffered a substantial and consistent loss of monthly active users, which may adversely affect our Pandora business; our failure to convince advertisers of the benefits of our Pandora ad-supported service could harm our business; if we are unable to maintain revenue growth from our advertising products our results of operations will be adversely affected; changes in mobile operating systems and browsers may hinder our ability to sell advertising and market our services; if we fail to accurately predict and play music, comedy or other content that our Pandora listeners enjoy, we may fail to retain existing and attract new listeners; privacy and data security laws and regulations may hinder our ability to market our services, sell advertising and impose legal liabilities; consumer protection laws and our failure to comply with them could damage our business; failure to comply with FCC requirements could damage our business; if we fail to protect the security of personal information about our customers, we could be subject to costly government enforcement actions and private litigation and our reputation could suffer; interruption or failure of our information technology and communications systems could impair the delivery of our service and harm our business; the market for music rights is changing and is subject to significant uncertainties; our Pandora services depend upon maintaining complex licenses with copyright owners, and these licenses contain onerous terms; the rates we must pay for "mechanical rights" to use musical works on our Pandora service have increased substantially and these new rates may adversely affect our business; failure to protect our intellectual property or actions by third parties to enforce their intellectual property rights could substantially harm our business and operating results; some of our services and technologies may use "open source" software, which may restrict how we use or distribute our services or require that we release the source code subject to those licenses; rapid technological and industry changes and new entrants could adversely impact our services; we have a significant amount of indebtedness, and our debt contains certain covenants that restrict our operations; we are a "controlled company" within the meaning of the NASDAQ listing rules and, as a result, qualify for, and rely on, exemptions from certain corporate governance requirements; while we currently pay a quarterly cash dividend to holders of our common stock, we may change our dividend policy at any time; our principal stockholder has significant influence, including over actions requiring stockholder approval, and its interests may differ from the interests of other holders of our common stock; if we are unable to attract and retain qualified personnel, our business could be harmed; our facilities could be damaged by natural catastrophes or terrorist activities; the unfavorable outcome of pending or future litigation could have an adverse impact on our operations and financial condition; we may be exposed to liabilities that other entertainment service providers would not customarily be subject to; and our business and prospects depend on the strength of our brands. Additional factors that could cause our results to differ materially from those described in the forward-looking statements can be found in our Annual Report on Form 10-K for the year ended December 31, 2021, and our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2022, which are filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site (http://www.sec.gov). The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication.
Source: SiriusXM
Contact for SiriusXM:
Investor contact:
Hooper Stevens
212.901.6718
Hooper.Stevens@siriusxm.com
Natalie Diana Candela
212.901.6672
Natalie.Candela@siriusxm.com
Media contact:
Jessica Casano-Antonellis
212.901.6767
Jessica.Casano@siriusxm.com
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SOURCE Sirius XM Holdings Inc. | https://www.mysuncoast.com/prnewswire/2022/07/28/siriusxm-reports-second-quarter-2022-results/ | 2022-07-28T12:46:18Z |
Did you lose money on investments in Oscar Health? If so, please visit Oscar Health, Inc. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com to discuss your rights.
NEW YORK, June 1, 2022 /PRNewswire/ -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or otherwise acquired the common stock of Oscar Health, Inc. ("Oscar" or the "Company") (NYSE: OSCR) pursuant to and/or traceable to the registration statement and prospectus (collectively, the "Registration Statement") issued in connection with the Company's March 2021 initial public offering ("IPO" or the "Offering"). The lawsuit was filed in the United States District Court for the Southern District of New York and alleges violations of the Securities Exchange Act of 1933.
Oscar is a health insurance company that claimed to be the first such company "built around a full stack technology platform" which will "allow [Oscar] to continue to innovate like a technology company and not a traditional insurer."
In March 2021, Oscar conducted its IPO, selling 36,391,946 shares of Class A common stock at a price of $39.00 per share. The Company received net proceeds of approximately $1.3 billion from the Offering which were purportedly to be used to repay in full outstanding borrowings, including fees and expenses, under Oscar's Term Loan Facility ($167 million), and the remainder proceeds were to be used for general corporate purposes.
Plaintiff alleges that Defendants' statements in the Registration Statement were materially false and misleading when made because: (1) Oscar was experiencing growing COVID-19 testing and treatment costs; (2) Oscar was experiencing growing net COVID costs; (3) Oscar would be negatively impacted by an unfavorable prior year Risk Adjustment Data Validation (RADV) result relating to 2019 and 2020; and (4) Oscar was on track to be negatively impacted by significant SEP membership growth.
On August 12, 2021, Oscar disclosed that the Company's Medical Loss Ratio ("MLR") for the second quarter of 2021 was 82.4%, an increase of 2170 basis points year-over year. The Company claimed that "[t]he MLR increased to 82.4% in 2Q21 from 60.7% in 2Q20, primarily driven by meaningfully lower utilization in 2Q20 as a result of COVID-19, as well as higher COVID-19 testing and treatment costs and a return to more normalized utilization in 2Q21." The Company also disclosed that its net loss for the quarter was $73.1 million, an increase of $32.1 million year-over-year.
On November 10, 2021, Oscar disclosed that its third quarter 2021 MLR increased 920 basis points year-over-year, to 99.7%. The Company claimed that the MLR increase was "primarily driven by higher net COVID costs as compared to the net benefit in 3Q20, an unfavorable prior year Risk Adjustment Data Validation (RADV) result, and the impact of significant SEP membership growth." The Company also disclosed that its net loss for the quarter was $212.7 million, an increase of $133.6 million year-over-year.
Since the IPO, the price of Oscar Health's stock has fallen over 85%, closing as low as $5.72 per share on May 12, 2022.
If you wish to serve as lead plaintiff, you must move the Court no later than July 11, 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 otherwise acquired OSCR common stock, and/or would like to discuss your legal rights and options please visit Oscar Health, Inc. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for ten consecutive years.
ATTORNEY ADVERTISING. © 2022 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Contact Information:
Peter Allocco
Bernstein Liebhard LLP
https://www.bernlieb.com
(212) 951-2030
pallocco@bernlieb.com
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SOURCE Bernstein Liebhard LLP | https://www.kxii.com/prnewswire/2022/06/01/oscar-health-inc-nyse-oscr-shareholder-class-action-alert-bernstein-liebhard-llp-reminds-investors-deadline-file-lead-plaintiff-motion-securities-class-action-lawsuit-against-oscar-health-inc-nyse-oscr/ | 2022-06-01T21:46:49Z |
HAMILTON, Bermuda, June 30, 2022 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) refers to its previous communication regarding its ongoing negotiations with creditors to reach mutual agreements to refinance and extend its 2023 maturities and complete such refinancing by 30 June 2022.
Significant progress has been made in the negotiations with the target to put in place the right capital structure for the company going forward. A complete solution will require a further equity injection combined with debt repayments, extensions and concessions by the creditors resulting in a robust capital structure that supports a low cash break even and thereby a higher free cash generation.
In order to have the required time to conclude full lock-up and commitments from all creditors, the necessary covenant waivers have been extended until 15 July 2022 by the lenders in the bank syndicate. Thus far specific proposals have been received from all creditor groups, some of which have already resulted in agreements in principle. In particular, we have agreed terms in principle for the refinancing of the senior secured bank facility in July 2022 to be funded with a mix of a new credit facility and equity/an asset sale.
We will continue to work with all remaining creditors to arrive at an optimized overall financing solution, targeted to be in place by 15 July 2022.
This press release does not constitute an offer of any securities for sale.
Forward looking statements
This press release includes forward looking statements, which do not reflect historical facts and may be identified by words such as "expect", "will" and similar expressions and include statements relating to negotiations with creditors and targets of such negotiations, capital structure, proposals from creditor groups, agreements in principle, discussions with creditors and target for arriving at a financial solution, and other non-historical statements. Such forward-looking statements are subject to risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein, including risks relating to discussions with creditors including the risk that a refinancing is not agreed risks relating to the terms of such refinancing if agreed, risks relating to covenants in debt facilities and liquidity and the risk that Borr may not be able to refinance its debt maturities beyond 2023 and other risks and uncertainties described in the section entitled "Risk Factors" in our most recent annual report on Form 20-F and other filings with the Securities and Exchange Commission. Such risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein. These forward-looking statements are made only as of the date of this release. We do not undertake to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT:
Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208
This information was brought to you by Cision http://news.cision.com
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SOURCE Borr Drilling Limited | https://www.mysuncoast.com/prnewswire/2022/06/30/borr-drilling-limited-update-refinance/ | 2022-06-30T20:33:13Z |
LEADING OFF: Braves off to slow start, Alcantara sharp
By The Associated Press
As they wait for star outfielder Ronald Acuña Jr. to return from knee surgery, the World Series champion Atlanta Braves are off to a slow start at 7-10. Following a day off, they send left-hander Max Fried to the mound at home in a series opener against the Chicago Cubs. Fried lost his first two outings this season — at home to punchless opponents Cincinnati and Washington, no less — before rebounding last Tuesday in a homecoming at Dodger Stadium. Fried retired his first 15 batters and threw seven scoreless innings of two-hit ball with eight strikeouts in a 3-1 win. Acuña has been hitting well in the early stages of his rehab assignment at Triple-A Gwinnett and is targeting a May 6 return to the majors. | https://localnews8.com/sports/ap-national-sports/2022/04/25/leading-off-braves-off-to-slow-start-alcantara-sharp/ | 2022-04-26T07:42:09Z |
Gunter-Harmony Baseball Region Semifinal Game 2
Published: May. 28, 2022 at 11:31 PM CDT|Updated: 36 minutes ago
Gunter-Harmony Baseball Region Semifinal Game 2
Copyright 2022 KXII. All rights reserved.
Gunter-Harmony Baseball Region Semifinal Game 2
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/05/29/gunter-harmony-baseball-region-semifinal-game-2/ | 2022-05-29T05:08:58Z |
Ad Product Taxonomy 1.1 Continues to Invest in Publisher Controls and Addresses New Regulations in the UK for Advertising Products Within the "High Fat, Sugar, and Salt" (HFSS) Category
NEW YORK, July 14, 2022 /PRNewswire/ -- IAB Tech Lab, the digital advertising technical standards-setting body, announced today that the Ad Product Taxonomy has been updated to support the declaration of ads for foods containing high fat, salt, or sugar (HFSS). The release is open for public comment for a 30-day period until August 13.
The Ad Product Taxonomy is a standardized way for advertisers to declare and describe the product or service advertised in a creative ad unit. The Ad Product Taxonomy 1.1 update helps the industry better navigate new regulations that are being introduced in the UK, focused on restricting the promotion of foods that are high in fat, sugar, and salt (HFSS).
"IAB Tech Lab takes its commitment to help the industry navigate and comply with the fast-changing regulatory landscape extremely seriously," said Benjamin Dick, Senior Director of Product, IAB Tech Lab. "This update provides immediate tactical support and implementation tools to both advertisers and publishers that enable them to better comply with HFSS advertising regulations."
IAB Tech Lab recommends immediate adoption of Ad Product Taxonomy by demand-side platforms and service providers to empower advertisers to support HFSS regulation by labeling the content being advertised in their creatives. This will give publishers more granular control over the ads appearing on their websites. It will improve publishers' ability to block unwanted advertiser demand, which includes lower production value creative units, ads that are unsuitable for the publisher's target audience, and ads that don't conform to the publisher's editorial or brand safety values. In addition, it will enable advertiser requests for competitive conquesting services and ad creative separation.
"This expansion of Ad Product Taxonomy 1.1 demonstrates IAB Tech Lab's continued investment in the evolution of publisher controls," said Kevin Flood, General Partner at FirstPartyCapital. "It will give publishers better insight into the types of programmatic ads that get delivered to their websites and enable stronger publisher reporting and analysis of how ad content correlates to revenue across content channels and audiences. This update will also enable us to better enforce competitive ad separation and ensure brand safety measurements by curating a specific user experience to blocking ads that aren't consistent with our user experience objectives."
"Twenty-one countries across the globe including Ireland have either statutory or self-regulation rules for HFSS in place. IAB Tech Lab is uniquely suited to develop and implement standards to create a standardized approach to segment labeling," said Suzanne McElligott, CEO, IAB Ireland. "The inclusion of HFSS as a new product category in Ad Product Taxonomy 1.1 illustrates Tech Lab's commitment to providing advertisers and publishers with the tools they need to thrive in a rapidly changing regulatory environment."
The adoption of Ad Product Taxonomy 1.1 drives significant benefits for all stakeholders in the digital advertising ecosystem. This standardization gives advertisers and publishers the tools to adapt to the new HFSS regulations. At the same time, it grants publishers the additional benefit of better controlling the types of ads that will appear on their website, which leads to better quality and more relevant ads being shown to the end-user, ultimately improving the end-user experience.
To review the proposed standard and provide feedback, visit: LINK
About IAB Technology Laboratory
Established in 2014, the IAB Technology Laboratory (Tech Lab) is a non-profit consortium that engages a member community globally to develop foundational technology and standards that enable growth and trust in the digital media ecosystem. Comprised of digital publishers, ad technology firms, agencies, marketers, and other member companies, IAB Tech Lab focuses on solutions for brand safety and ad fraud; identity, data, and consumer privacy; ad experiences and measurement; and programmatic effectiveness. Its work includes the OpenRTB real-time bidding protocol, ads.txt anti-fraud specification, Open Measurement SDK for viewability and verification, VAST video specification, and Project Rearc initiative for privacy-centric addressability. Board members/companies are listed at https://iabtechlab.com/about-the-iab-tech-lab/tech-lab-leadership/. For more information, please visit https://iabtechlab.com.
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SOURCE IAB Tech Lab | https://www.wibw.com/prnewswire/2022/07/14/iab-tech-lab-releases-ad-product-taxonomy-11-public-comment/ | 2022-07-14T13:05:06Z |
BEIJING, June 11, 2022 /PRNewswire/ -- Under a people-centered development philosophy, China prioritizes people's lives and health as the country is still pursuing a dynamic approach to ensure both epidemic control and social, economic development.
Beijing has continued to fine-tune its anti-COVID-19 approach, making it even more scientifically sound, precise and effective, so as to minimize the impact of the pandemic on economic and social development.
During President Xi Jinping's latest inspection in southwest China's Sichuan Province, he called for efforts in overcoming difficulties in economic development while stressing that the dynamic zero-COVID-19 approach must be unswervingly upheld.
President Xi, also general secretary of the Communist Party of China (CPC) Central Committee, started his inspection on Wednesday, and visited the cities of Meishan and Yibin.
Promoting green agricultural development
Promoting agricultural modernization was highlighted when Xi visited the village of Yongfeng. Relying on the advantages of the rice industry and technology, the village has built the largest pilot test base of new rice varieties in the province.
After learning about local efforts to advance high-standard farmland development, boost grain production and promote rural revitalization, Xi said efforts are needed to strengthen the application and training of modern agricultural science and technology and actively develop green, ecological and efficient agriculture.
"Chinese people have the confidence to keep the rice bowl firmly in our own hands," he said, adding that it is important to ensure food security, particularly grain production.
Protecting ecological environment in Yangtze River basin
Protecting the ecological environment was another focus during Xi's inspection tour.
Protecting the ecological environment of the Yangtze River basin is the prerequisite for promoting high-quality development of the Yangtze River Economic Belt, said Xi when he visited Sanjiangkou, where the Jinsha and Minjiang rivers converge into the Yangtze River.
The Yangtze River Economic Belt covers nine provinces and two municipalities, accounting for over 40 percent of the country's population and economic aggregate.
China's top leadership has called for efforts to turn the economic belt into the country's focus for green development, the major artery for a smooth "dual circulation" of domestic and international markets, and the main force spearheading high-quality economic development.
Ensuring people's normal life and production
During the inspection, Xi also called for measures to facilitate employment of college graduates, promote scientific and technological innovation in enterprises, and enhance the country's capacity for independent innovation.
The president was deeply concerned about the rescue and treatment of the people injured in the magnitude-6.1 earthquake in Ya'an of Sichuan on June 1.
He urged local authorities to make appropriate arrangements for residents affected by the quake, ensure the supply of daily necessities and make plans for recovery and reconstruction.
Speaking of recent floods and geological disasters in some parts of China, he called for early contingency preparations to safeguard people's lives and property. He also demanded swift rescue efforts after disasters to minimize casualties and loss of property.
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SOURCE CGTN | https://www.kxii.com/prnewswire/2022/06/11/cgtn-china-strives-balance-dynamic-covid-19-control-economic-growth/ | 2022-06-11T17:44:34Z |
NEW YORK, Aug. 9, 2022 /PRNewswire/ -- Anchin, a premiere New-York based full-service accounting and advisory firm, is pleased to announce that four experienced professionals have recently joined the firm. James D. Lockhart and Raymond Haller were admitted as Partners, while Peter L. Lohrey has joined as a Director, and Sean Miller as a Senior Manager. These additions to the management group bring new experience, capabilities and leadership to the firm's Real Estate; Consumer Products; Litigation, Forensic and Valuation; and Private Client teams.
This announcement follows quickly on the heels of Anchin's announcement about its new office opening in Florida. The Firm is excited to continue to invest in key talent to bolster its existing teams, which will help the Firm better serve its growing and sophisticated client base. "The expertise of these key additions demonstrates Anchin's commitment to providing depth of experience to enable above-and-beyond service excellence to our clients. These strategic hires are already contributing to the firm's growth and I look forward to their continuing impact," said Russell B. Shinsky, Anchin's Managing Partner.
James D. Lockhart, CPA, J.D., LL.M is a Tax Partner in the firm's Real Estate Practice. He has extensive experience in public accounting advising real estate companies. His financial experience combined with his legal background allows him to bring a unique perspective to his clients. James has extensive experience providing guidance to clients on federal, state, local, personal, and business tax. He specializes in advising on investment and development due diligence, financing, tax and business structuring, and exit strategies. He works alongside his clients to provide them with cutting-edge tax advice, help them save money and grow their business.
Raymond Haller, CPA, is a Tax Partner in the Consumer Products Group at Anchin. He has over 25 years of experience in tax planning and structuring, tax consequences, succession planning and tax structuring of mergers and acquisitions. His succession planning expertise ranges from inter-generational transfers of interests in a tax efficient manner, to ESOPs, to buyouts. Ray has deep experience advising clients in the Manufacturing & Distribution, Construction, Real Estate, and Professional Services industries.
Peter L. Lohrey, PhD, CVA, CDBV is a Director in the Litigation, Forensic and Valuation Services (LFVS) group at Anchin. He has more than 35 years of experience in the forensic accounting and valuation profession, specializing in fair value reporting matters, commercial damage calculations, and business valuations for tax and litigation purposes. Peter specializes in a wide array of consulting services, including business valuations in connection with transactions, financial reporting, estate and gift taxes, bankruptcy and commercial damage claims. He also has experience providing litigation services and helps multinational entities on transfer pricing issues.
Sean Miller, CPA, is a Family Office Support Senior Manager and member of Anchin's Private Client Group. Sean specializes in delivering various accounting, tax and advisory services to family offices, financial services executives, entertainment professionals, real estate developers, owners of privately held companies and wealthy individuals and families. He keeps current on the big-picture issues of importance to his clients, including the ever-changing tax and regulatory landscape, estate planning, philanthropic and next generation planning, and assists with the day-to-day functions such as bill payment services, tax reporting and payroll.
As Anchin's client base grows and diversifies, we are excited to broaden our capabilities to address the expanding needs.
About Anchin:
Anchin is a leading accounting, tax and advisory firm, specializing in the needs of privately held companies, investment funds and high-net-worth individuals and families. Its highly-focused industry specialization helps clients overcome challenges and achieve their financial objectives with exceptional confidence. Consistently recognized in respected "best of" lists for service, firm management and employee satisfaction, Anchin prioritizes partner-level engagement, and commitment to employee happiness. The full-service firm, with a staff of 450, including 60 partners, provides a wide range of assurance, financial reporting, tax and advisory services, including tax strategies and compliance; tax credits and incentives; state and local and international tax strategies, family office strategies management and succession advisory; growth, transition and exit strategies; transaction advisory; client accounting advisory services; cybersecurity and digital risk solutions; and litigation support, forensic accounting and valuation services. Anchin has offices in New York City, Uniondale, New York, and in Boca Raton, Florida, and is an independent member of BKR International, a network of more than 160 firms with over 500 offices in over 80 countries around the world. Discover what's possible by visiting us online at www.anchin.com.
For further information:
Lisa Tomlinson
212.840.3456
lisa.tomlinson@anchin.com
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SOURCE Anchin, Block & Anchin LLP | https://www.kxii.com/prnewswire/2022/08/09/four-additions-further-expand-anchin-team-key-practices-tax-private-client-valuation/ | 2022-08-09T14:32:47Z |
Trump says he has no plans to rejoin Twitter after Musk deal
NEW YORK (AP) — Former President Donald Trump said Monday that he has no intention of rejoining Twitter even if his account is reinstated following Elon Musk’s agreement to buy the social media giant for roughly $44 billion.
Trump told Fox News that he will instead focus on his own platform, Truth Social, which has been mired in problems since its launch earlier this year.
“I am not going on Twitter. I am going to stay on Truth,” Trump was quoted telling the network. “I hope Elon buys Twitter because he’ll make improvements to it and he is a good man, but I am going to be staying on Truth.”
Trump was barred from major social media platforms after the deadly Jan. 6 insurrection, with Twitter citing the “risk of further incitement of violence.” The decision denied him the megaphone he had used to generate media attention and speak directly to his followers, which had been integral to his political rise.
At the time, the former president had roughly 89 million followers on Twitter alone.
Musk, the world’s wealthiest person and a self-described free-speech absolutist, had said he wanted to buy and privatize Twitter because he believed it wasn’t living up to its potential as a free speech platform. It raised questions about whether he might reinstate Trump’s account as the former president lays the groundwork for another White House run in 2024.
Trump has continued to spread lies about his 2020 election defeat in speeches and statements since leaving office, and it is unclear how Musk would approach those statements if Trump were ever to return to the site.
In recent weeks, Musk has voiced a number of proposed changes for the company, including relaxing its content restrictions, and said he would be “very reluctant” to delete content and cautious of permanent bans.
After being kicked off social media platforms, Trump launched his own social media app and sued Twitter, Facebook and Google’s YouTube, claiming he and other conservatives had been wrongfully censored, even though posts by conservative commentators are routinely the most widely shared.
On Monday, he said he welcomed Musk’s purchase and told Fox News he didn’t see Twitter as his own product’s competition.
“Truth Social will be a voice for me,” he said. “And that’s something nobody else can get.”
At a rally in Ohio on Saturday, Trump also urged his supporters to join him on Truth Social.
“Go out and sign up now,” he told them. “Have a lot of fun.”
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/04/25/trump-says-he-has-no-plans-rejoin-twitter-after-musk-deal/ | 2022-04-26T00:20:53Z |
NEW ORLEANS, Aug. 16, 2022 /PRNewswire/ -- South Rampart Pharma ("South Rampart" or the "Company"), a clinical-stage life science company advancing innovative medications for the treatment of pain and fever, today announced the appointment of Josh Blacher as the company's Chief Financial Officer. In this capacity, Mr. Blacher will be responsible for the Company's finance and accounting department, as well as launch a robust corporate development effort.
Mr. Blacher brings to South Rampart Pharma over twenty years of leadership experience in senior positions in the healthcare and capital markets sectors. Hernan Bazan, M.D., F.A.C.S., CEO and Co-Founder of South Rampart Pharma and The Endowed John Ochsner Professor of Surgery at the Ochsner Clinic, commented, "We are thrilled to welcome Josh to our team. Josh brings us a valuable combination of executing growth capital initiatives as well as strategic collaborations with biopharmaceutical partners." Dr. Bazan continued, "As we ready for Phase 2 clinical trials of our novel non-opioid lead asset, adding Josh's unique skill set to our executive team is very timely to drive the Company into its next stage of strategic growth."
Previously, Mr. Blacher helped build and manage Teva Innovative Ventures, Teva Pharmaceuticals' early-stage in-licensing and investment unit. Following his tenure at Teva in Israel, Mr. Blacher served as CFO/CBO at three publicly traded biotechnology companies, the most recent of which was Inmed Pharmaceuticals. At Inmed, Mr. Blacher championed and helped execute the company's NASDAQ IPO, as well as manage its business development and investor relations departments. Earlier in his career, Mr. Blacher held senior positions in portfolio management at Deutsche Asset Management and equity research at Morgan Stanley, as well as in mergers & acquisitions at Lehman Brothers. Mr. Blacher holds an MBA in Finance from Columbia Business School.
"South Rampart is uniquely positioned to disrupt the pain space and provide relief to millions of people without the risk of liver and kidney toxicity that current medications carry," said Mr. Blacher. "I'm elated to join the South Rampart Pharma team to help it accomplish its corporate and clinical objectives."
South Rampart Pharma's lead program, SRP-001, is a novel acetaminophen analog with a unique mechanism of action that notably lacks the liver toxicity present in acetaminophen. In development to treat acute and other forms of pain, evidence to date demonstrates that SRP-001 offers a compelling safety profile over currently available pain medications, including:
- Ability to reduce both pain and fever
- No liver toxicity despite high dose treatment
- No high dose-associated kidney toxicity
- No abuse potential given it is a non-opioid
The ongoing Phase 1 clinical trial is enrolling 60 patients in a randomized, double-blind, placebo-controlled study with endpoints assessing the safety, tolerability, and pharmacokinetics (PK) of single and multiple ascending oral doses of SRP-001. Further, it will characterize the pharmacodynamics and food effect on SRP-001. The Phase 1 study is being conducted at Quotient Sciences in Miami, FL, known for its excellence in supporting the needed clinical pharmacology of Phase 1 studies.
Pain is one of the most prevalent and costly public health issues worldwide1. In the U.S. alone, an estimated 20% (50 million) of adults experience chronic pain2, and more than 76 million have suffered from pain that lasts longer than 24 hours3. Currently available medications are either highly addictive or cause harm to the liver and kidney. For example, acetaminophen hepatotoxicity remains the most common cause of acute liver failure in the U.S., and opioids were associated with more than 100,000 drug overdose deaths in 20214, a nearly 30% increase from the 78,056 deaths during the same period the year before.
William K. Schmidt, Ph.D., a world expert on analgesic drug development and Chairperson for the Annual Arrowhead Pain Summit, added, "The scientific basis underlying the pain relief and lack of liver toxicity are important mechanisms for this lead asset. I believe SRP-001 may represent a cutting-edge opportunity to treat pain effectively, and importantly, without the hepatic, gastrointestinal, cardiovascular, or kidney toxicity commonly associated with acetaminophen or NSAIDs."
The Small Business Innovation Research (SBIR) and STTR, collectively the Small Business Programs, are also known as America's Seed Fund. By setting aside more than $1.2 billion from its Research & Development Funding specifically for Small Business Programs, the NIH supports promising early-stage small businesses throughout the nation after rigorous review of a technology's scientific merit and commercialization potential. The STTR grant is administered through the National Institute of Neurological Disorders and Stroke (NINDS) at the NIH. South Rampart Pharma's award entitled 'Novel non-narcotic analgesic for acute and chronic pain' is being conducted in collaboration with the Louisiana State University Health Sciences Center (LSUHSC) Neuroscience Center of Excellence through the end of 2023.
South Rampart Pharma is a clinical-stage life science company dedicated to advancing the safe treatment of pain by developing new small molecule solutions that can overcome many risks associated with current pain medicines. The Company's pipeline of novel compounds has effectively reduced both pain and fever in pre-clinical studies without the liver and kidney toxicity of current non opioid analgesics. The Company's lead program SRP-001 is currently in a Phase 1 study evaluating the safety, tolerability, and pharmacokinetics with data expected in the Q2 2023.
Please visit the Company's website at southrampart.com and connect on Twitter, LinkedIn, and Facebook for more information.
___________________
1 Relieving Pain in America. (2011). National Academy of Sciences. doi: 10.17226/13172
2 Prevalence of Chronic Pain and High-Impact Chronic Pain Among Adults – United States, 2016. (2019, September 16). Retrieved from https://www.cdc.gov/mmwr/volumes/67/wr/mm6736a2.htm?s_cid=mm6736a2_w.
3 Partners for Understanding Pain. (n.d.). TOOL KIT – The ACPA Health Care Professionals September 2019. Retrieved from Tool-Kit-2019-Final-8-27-19.pdf.
4 https://www.cdc.gov/nchs/pressroom/nchs_press_releases/2021/20211117.htm
Investors:
Maxim Jacobs, CFA
Russo Partners
Maxim.Jacobs@russopartnersllc.com
(646) 942-5591
Media Relations:
Gideon Broshy
Russo Partners
Gideon.Broshy@russopartnersllc.com
(347) 956-7563
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SOURCE South Rampart Pharma | https://www.kxii.com/prnewswire/2022/08/16/south-rampart-pharma-announces-appointment-josh-blacher-chief-financial-officer/ | 2022-08-16T12:40:18Z |
- Independent proxy advisory firm Glass Lewis recommends shareholders vote FOR RIV Capital's highly qualified Board nominees.
- RIV Capital's visionary and highly experienced Board nominees bring diverse views, financial and capital market experience, and an understanding of the cannabis market in both Canada and the U.S.; they are committed to delivering future growth and further enhancing shareholder value.
- Vote FOR RIV Capital's Board nominees well before the deadline of 10:00 a.m. (EDT) on September 27, 2022. For help voting, please contact Kingsdale Advisors at 1-877-659-1821 (toll free in North America), or at 1-416-867-2272 (collect outside North America), or by email at contactus@kingsdaleadvisors.com.
TORONTO, Sept. 7, 2022 /PRNewswire/ - RIV Capital Inc. ("RIV Capital" or the "Company") (CSE: RIV) (OTC: CNPOF), an acquisition and investment firm focused on building a leading multistate platform with the strongest portfolio of cannabis brands in key strategic markets across the United States, today announced that a leading proxy advisory firm, Glass, Lewis & Co. ("Glass Lewis"), has recommended that RIV Capital shareholders vote FOR all seven of the Company's board of directors (the "Board") nominees – Laura Curran, Chris Hagedorn, Richard Mavrinac, Joseph Mimran, Amy Peckham, Mark Sims and Dawn Sweeney.
RIV Capital's Board nominees consist of highly qualified individuals with relevant industry expertise, who are committed to delivering future growth and further enhancing shareholder value. To learn more about each nominee, visit rivcapital.com/future.
"Glass Lewis' recommendation that shareholders vote FOR our Board nominees is further proof that the Company is on the right track and is well situated to become a leading cannabis operator," said Mark Sims, Director, President and CEO, RIV Capital. "We strongly believe that our director nominees will provide RIV Capital with the right balance of continuity and fresh perspectives, relevant experience, strategic vision, and bold, forward-looking insights that the Company needs to create significant shareholder value in the years ahead."
Vote FOR RIV Capital's Board Nominees Today
Shareholders are encouraged to vote well before the deadline of 10:00 a.m. (EDT) on September 27, 2022.
Voting is fast and easy – if you have questions or need help voting, contact Kingsdale Advisors at 1-877-659-1821 (toll free in North America), or at 1-416-867-2272 (collect outside North America), or by email at contactus@kingsdaleadvisors.com.
About RIV Capital
RIV Capital is building a leading cannabis packaged goods company, with a focus on establishing one of the strongest portfolios of brands in key strategic U.S. markets. Backed by in-house expertise and cannabis domain knowledge, RIV Capital aims to grow its own brands and partner with established U.S. cannabis operators and brands to bring them to new markets and build market share. RIV Capital established the foundational building blocks of its active U.S. strategy with the previously announced acquisition of Etain. Through its strategic relationship with The Hawthorne Collective, Inc. ("The Hawthorne Collective"), a subsidiary of ScottsMiracle-Gro, RIV Capital is The Hawthorne Collective's preferred vehicle for cannabis-related investments not under the purview of other ScottsMiracle-Gro subsidiaries.
Forward-Looking Statements
This news release contains statements which constitute "forward-looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of RIV Capital and its portfolio companies with respect to future business activities and operating performance. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes information regarding the Company's strategies, objectives, goals, opportunities and plans, including in respect of future growth and creating shareholder value; and expectations for other economic, business, and/or competitive factors.
Investors are cautioned that forward-looking information is not based on historical fact but instead reflects management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although RIV Capital believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of RIV Capital or its portfolio companies.
Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the timing and likelihood for receipt of all required regulatory approvals, and satisfaction of other conditions to closing, in respect of the Etain Acquisition; the Company's ability to execute its go-forward strategy; stock market volatility; changes in the business activities, focus and plans of the Company, Etain and the Company's investees and the timing associated therewith; the timing of any changes to federal laws in the U.S. to allow for the general cultivation, distribution, and possession of cannabis; regulatory and licensing risks; changes in cannabis industry growth and trends; changes in general economic, business and political conditions, including changes in the financial markets; litigation risks; the global regulatory landscape and enforcement related to cannabis, including political risks and risks relating to regulatory change; risks relating to anti-money laundering laws; compliance with extensive government regulation, including RIV Capital's interpretation of such regulation; public opinion and perception of the cannabis industry; divestiture risks; and the risk factors set out in RIV Capital's management's discussion and analysis dated August 29, 2022 and annual information form dated June 10, 2022 filed with the Canadian securities regulators and available on RIV Capital's profile on SEDAR at www.sedar.com.
The Company has invested in and acquired, and intends to in the future invest in and/or acquire, companies that are involved in the manufacture, possession, use, sale, and distribution of cannabis in the recreational and medicinal cannabis marketplace in the United States. Local state laws where such operations occur permit such activities, however, investors should note that there are significant legal restrictions and regulations that govern the cannabis industry in the United States. Cannabis remains a Schedule I drug under the U.S. Controlled Substances Act, making it illegal under federal law in the United States to, among other things, cultivate, distribute or possess cannabis in the United States. Financial transactions involving proceeds generated by, or intended to promote, cannabis-related business activities in the United States may form the basis for prosecution under applicable U.S. federal money laundering legislation.
While the approach to enforcement of such laws by the federal government in the United States has trended toward non-enforcement against individuals and businesses that comply with recreational and medicinal cannabis programs in states where such programs are legal, strict compliance with state laws with respect to cannabis will neither absolve the Company of liability under U.S. federal law, nor will it provide a defense to any federal proceeding which may be brought against the Company. The enforcement of federal laws in the United States is a significant risk to the business of the Company and any proceedings brought against the Company thereunder may adversely affect the Company's operations and financial performance.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although RIV Capital has attempted to identify important risks, uncertainties and factors that could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. RIV Capital does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.
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SOURCE RIV Capital Inc. | https://www.kxii.com/prnewswire/2022/09/07/independent-proxy-advisory-firm-glass-lewis-endorses-riv-capitals-board-directors/ | 2022-09-07T22:29:30Z |
Written, performed and produced entirely by Paul McCartney, his three eponymous career-spanning solo albums (1970’s “McCartney,” 1980’s “McCartney II” and 2020’s “McCartney III”) have been packaged together and are now available in one special boxset for the first time.
Written, performed and produced entirely by Paul McCartney, his three eponymous career-spanning solo albums (1970’s “McCartney,” 1980’s “McCartney II” and 2020’s “McCartney III”) have been packaged together and are now available in one special boxset for the first time.
The “McCartney I II III” box set is available in three different formats — limited edition color vinyl, black vinyl edition, and CD — each including three special photo prints with notes from Paul about each album. The newly created boxset cover art and typography for the slipcase are by Ed Ruscha.
Bookending 50 years of unparalleled work, each album demonstrates Paul McCartney’s restless creativity and adventurous artistic spirit. “McCartney,” the No. 1 album, was Paul’s first solo album released in 1970 and features timeless tracks “Every Night” and “Junk,” along with the immortal classic “Maybe I’m Amazed.” This album saw a global music superstar pioneer a novel homespun approach to recording that would, in time, become a sought-after sound and the highly influential precursor to the “lo-fi” alternative genre.
Just as “McCartney” marked the end of an era with Paul’s first release after leaving the biggest band in history, Paul did it again in 1980, this time signaling the end of ’70s rock giants Wings. Taking a fresh approach to things, Paul wrote, performed, and produced the avant-garde masterpiece “McCartney II,” which reached No. 1 in the UK, and No. 3 in the U.S., producing such classics as “Coming Up,” “Waterfalls,” and “Temporary Secretary.”
With “McCartney III,” Paul went back to basics again to create some of his most revealing work to date. Released in December 2020, just two years after Paul’s Billboard-topping “Egypt Station” album, “Rockdown,” saw Paul turn unexpected time on his hands into an opportunity to get into the studio on his own. An intimate and loose record featuring “Find My Way” and the now live favorite “Women and Wives,” McCartney III features Paul’s melodic gift at its forefront throughout. Upon release, “McCartney III” charted at No. 1 on the UK’s Official Album Charts and No. 1 on Billboard’s Top Album Sales Chart.
In an unrivaled career, McCartney has always been willing to take risks and have fun along the way — his musical projects have included classical albums, electronic albums, ballet scores, writing for video games, and left-field collaborations — along the way, breaking chart records, box office records, winning countless awards and remaining one of the world’s most influential and revered artists of all time. “McCartney,” “McCartney II” and “McCartney III” captured and documented landmark moments of his singular career, each offering a personal snapshot of a unique artist at a particular moment in time.
FORMAT INFO:
1) Limited Edition Color Vinyl
· Three-disc 180g audiophile vinyl set (“McCartney” — clear, “McCartney II” — white, and “McCartney III” — creamy white vinyl)
· Three 8 x 10-inch photo prints with introductions from Paul
2) Limited Edition Black Vinyl Edition
· 180g audiophile vinyl set
· Three 8 x 10-inch photo prints with introductions from Paul
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NEW YORK, Aug. 11, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Enochian BioSciences, Inc. ("Enochian" or the "Company") (NASDAQ: ENOB) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Enochian investors who were adversely affected by alleged securities fraud between January 17, 2018 and June 27, 2022. Follow the link below to get more information and be contacted by a member of our team:
ENOB investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) the Company's co-founder and inventor Serhat Gumrukcu was engaged in a variety of frauds; (2) Gumrukcu was not a licensed doctor anywhere in the world; (4) as a result of the foregoing, Gumrukcu's purported contributions to the Company lacked a reasonable basis; (5) as a result of the foregoing, the Company had overstated its commercial prospects; (6) Gumrukcu had improperly diverted approximately $20 million from Enochian to entities he owned; and (7) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
WHAT'S NEXT? If you suffered a loss in Enochian during the relevant time frame, you have until September 26, 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.mysuncoast.com/prnewswire/2022/08/11/enob-lawsuit-alert-levi-amp-korsinsky-notifies-enochian-biosciences-inc-investors-class-action-lawsuit-upcoming-deadline/ | 2022-08-11T11:14:46Z |
Eileen Celestina Garcia raced down the mountain that overlooks her parents’ ranch home in northern New Mexico where friends and family have gathered for decades and where she has sat countless times among the stillness of the Ponderosa pines.
A wildfire was raging and Garcia knew she had just minutes to reach her parents and ensure they evacuated in time. Her hands grazed the trees as she spoke to them, thinking the least she could do is offer them gratitude and prayer in case they weren’t there when she returned.
“You’re trying not to panic — maybe it’s not real — just asking for miracles, asking for it not to affect our valley and stop,” she said.
Like many New Mexico families, Garcia’s is deep-rooted not only in the land but in their Catholic faith. As the largest wildfire burning in the U.S. marches across the high alpine forests and grasslands of the Sangre de Cristo Mountains, many in its path have pleaded with God for intervention in the form of rain and calm winds, and protection for their neighbors and beloved landscape.
They’ve invoked St. Florian, the patron saint of firefighters, the Virgin Mary as the blessed mother and the various patron saints of scattered villages. The fire has marched for several weeks across more than 262 square miles (678 square kilometers), destroying dozens of homes and forcing thousands of families to evacuate.
Favorable winds recently helped firefighters, but conditions are expected to worsen over the weekend, with consecutive days of red flag warnings. Forecasters warned of potentially historic conditions.
“There’s not going to be any letup in these winds,” said John Pendergrast, an air resource adviser on the fire.
During trying times, the largely Hispanic working-class neighborhoods here also rely on community and the lessons of those who came before them. Simply put, it’s querencia — a love of home or attachment to a place.
Some described fleeing the wildfire and imagining the faces of their neighbors in the lush valleys who they’ve helped with baling hay, fixing cars or harvesting firewood.
“One of my neighbors described it as seeing the mountains around us burn is really like seeing a loved one burn,” said Fidel Trujillo, whose family evacuated from the tiny town of Mora. “And I don’t think that’s any kind of exaggeration.”
Religion is infused in homes across the mountains, where crosses hang above many doors. Elected officials and fire managers frequently credited prayer when winds calmed enough to allow firefighters to get a better handle on the blaze. They prayed even more when things got tough. Some started novenas, or nine-day prayers, and encouraged family and friends to join in.
The preservation of faith in this region was somewhat out of necessity. The Spanish settled the area centuries ago, but the Catholic Church as an institution was far away. Even now, deacons and priests rotate among the mission churches for Mass or to perform sacraments. People like Trujillo and his wife serve as mayordomos, or caretakers of those churches.
Also layered on the landscape are historic Spanish land grants, large ranches, traditional irrigation systems known as acequias, and moradas, which are meeting spaces for a religious brotherhood known as penitentes.
Prayer is intertwined in everything, Trujillo says, something that was passed down through generations. His dad has marked spots along hiking trails with crosses as a reminder to “pause, pray and give thanks,” Trujillo said.
By the grace of God, he said, his father-in-law’s ranch house in El Carmen survived the fire, and so did his childhood home in Ledoux. He’s unsure about his current residence in Mora amid a valley prized for its Christmas trees.
“Sometimes when things are beyond your control, you have to lean on that faith,” Trujillo said. “That’s what faith is.”
For many New Mexicans, regardless of where they live, the pull back home is strong.
Felicia Ortiz, president of the Nevada board of education, recently bought 36 acres (14.5 hectares) behind one of the mission churches to maintain roots in New Mexico. The land burned, but she’s hopeful some trees remain.
Nearby at her childhood home in Rociada, she remembers stomping on the dirt to make adobe bricks and peeling logs her family harvested to build a barn. She and her sister skated on a frozen pond in the yard and sledded down the hills. They watched the full moon rise over a tree next to their playhouse as her dad played “Bad Moon Rising” on vinyl.
Flames destroyed the house.
“I look at the pictures, and it looks like something out of a horror movie,” Ortiz said. “The tree that I had a swing on, it’s just a stick. The big piñon tree where we picked piñon, it’s like palitos (little sticks) now.”
Las Vegas Mayor Louie Trujillo called northern New Mexicans physically, emotionally and spiritually strong — “a breed of our own.” Many residents invoked the teachings and resilient spirits of their ancestors when offering up their homes to evacuees, feeding them, rescuing animals and starting fundraisers.
Garcia and her 9-year-old son, Leoncio, took refuge during the coronavirus pandemic at her parents’ ranch in Sapello and haven’t left. It’s where her family milked cows and made cheese to sell to neighbors. It’s where she sat among the trees overlooking the valley and dreamt about going to college and helping her family.
More recently, the trees gave her the solace she needed to write a chapter in a book about female trailblazers.
When fleeing, she grabbed pictures of relatives and a bag with religious items that she carried on a 100-mile (160-kilometer) pilgrimage she organized and walked for 10 years.
“If our ranch and our trees are still there, what I keep seeing is an opportunity to offer space for healing for folks to come and sit with the trees that they’ve lost,” she said.
___
Fonseca is a member of the AP’s Race and Ethnicity team. Follow her on Twitter at http://twitter.com/FonsecaAP | https://cw33.com/news/u-s-news/ap-u-s-headlines/fire-ravaged-new-mexico-villages-cling-to-faith-querencia/ | 2022-05-07T13:24:33Z |
Health insurance and retirement plans are also critical to long term retention
ROCHESTER, N.Y., July 28, 2022 /PRNewswire/ -- New research from Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, explores the challenge of employee retention and the key drivers motivating employees when making choices about their career paths. With 4.3 million people quitting their jobs as recently as May 2022, the survey of more than 600 U.S. workers provides insight employers can use when developing strategies for increasing retention.
The study—which was conducted in partnership with Future Workplace, an Executive Networks member company—revealed a gap between the employer perceptions and employee sentiments related to retention. When asked about factors (other than compensation and benefits) that contribute to their decisions to stay in with their company, 30% of respondents indicated that perceived job stability is their most important motivator and 60% ranked it in their top three. Feeling that the work was meaningful (45%) and having a passion for their field (33%) were the second- and third-most-popular answers, respectively. Reasons related to employers' brands (19%), corporate culture (19%), and products (13%) are the least important to employees, despite many companies' focus on these elements in their recruiting and retention efforts.
"Research shows that almost half of employees say they do not want to change companies within the next 12 months, but that is never a guarantee that those employees will stick around long-term," said Alison Stevens, director of HR Services at Paychex. "The Great Resignation may be slowing, but that doesn't mean companies can take a passive approach. Rather, they should use this opportunity to offer programs, perks, and benefits that meet employees' diverse needs."
Generation Influences Why Employees Work at Their Companies
While job stability and performing meaningful work ranked among the top two reasons respondents stayed at their companies, Baby Boomers (32%), Gen X (35%), and Millennials (31%) were significantly more likely to cite job stability as the most important reason than Gen Z (14%). Instead, Gen Z (18%) prioritizes meaningful work over job stability.
In addition, Baby Boomers (41%) said that passion for their field and industry are among the most important reasons to work at their company. Gen X (30%) focused on close relationships with coworkers, and Millennials (39%) cited opportunities for career growth. Gen Z (27%) said company growth and success were especially important to them.
Flexibility Reigns as Top Priority for Employee Retention
When asked what would make employees more likely to stay in their roles, respondents noted a desire for more flexible scheduling. Over one-third (35%) of all respondents ranked flexibility in work hours and schedule as the number one reason they'd be more likely to stay at their organization long-term, and 70% ranked it among their top three. It was significantly more likely for Baby Boomers (46%) to say that flexibility would make them more likely to stay at their organizations long-term than Gen X (38%), Millennials (31%), and Gen Z (24%).
Opportunities for career advancement, skills development, and internal job mobility, and increased commitment to work/life balance ranked second and third overall with 50% of employees putting each in their top three most-desired perks. A promise of better work/life balance was particularly compelling to financial services workers (29%) compared to those in leisure/hospitality (10%), manufacturing (11%), education/health services (14%), retail/trade/transportation/utilities (13%), and other professions (11%).
Keeping Employees Long-Term
Health insurance (64%) and retirement plans (62%) are the top two benefits shown to keep employees long-term. However, the research shows that the importance of mental health benefits is on the rise among younger generations. Gen Z (23%) is significantly more likely to say that mental health benefits would make them more likely to stay at their organization long-term than Millennials (14%), Gen X (5%), or Baby Boomers (3%).
Financial wellness benefits (41%), such as tuition reimbursement, professional development stipends, student loan repayment, and child-care support, ranked third among benefits most important for employee retention.
"Perhaps the most compelling takeaway from this study is the confluence of factors that affect employees' decisions to say with a company," said Jeanne Meister, the founder of Future Workplace and executive vice president at Executive Networks. "Each employee presents a different intersection of the demographics outlined in the study, and the only way to really know what will keep them in their position for the long haul is to ask. Even so, employers rarely do it. We found that only 29% of employees have had what we call a 'stay interview.' These open conversations with employees can give HR staff insights into the unique values of their employee populations to increase retention, even in a difficult labor market."
For more insights from this survey, please view the full research report.
About the Research
The research findings are based on a survey conducted across the United States between May 4, 2022, and May 11, 2022. For this survey, 604 full and part-time employees at small to mid-size businesses (20-500 employees) were asked general questions to understand employees' thoughts around retention. The study targeted employees who are between the ages of 18 years to 75 years old. This is a survey in a series of research reports administered by Future Workplace that will focus on the employee point of view and pinpoint top concerns, priorities, and trends facing the modern workforce.
About Paychex
Paychex, Inc. (Nasdaq:PAYX) is a leading provider of integrated human capital management solutions for human resources, payroll, benefits, and insurance services. By combining innovative software-as-a-service technology and mobility platform with dedicated, personal service, Paychex empowers business owners to focus on the growth and management of their business. Backed by 50 years of industry expertise, Paychex serves more than 730,000 payroll clients as of May 31, 2022 in the U.S. and Europe, and pays one out of every 12 American private sector employees. Learn more about Paychex by visiting www.paychex.com and stay connected on Twitter and LinkedIn.
Media Contact
Samantha Jean
Public Relations Program Manager II
Paychex, Inc.
(585) 218-6086
skjean@paychex.com
@Paychex
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SOURCE Paychex, Inc. | https://www.mysuncoast.com/prnewswire/2022/07/28/paychex-research-reveals-job-stability-meaningful-work-are-what-makes-employees-stay/ | 2022-07-28T15:47:52Z |
BROOMFIELD, Colo., July 3, 2022 /PRNewswire/ -- How would you like to live forever? Maybe you'd like to be stronger, faster, and more agile while on this journey of immortality. If so, plants might be able to help you get there! Here's some steps on how plants can help you reach your goals from Backyard Farming Supply.
Solutions where you might not expect
While no, you obviously can't live forever, consuming certain organically grown foods may be able to help you live a healthier life and cut your chances of contracting serious illnesses, like cancer. With all these health benefits, it seems like getting some organic produce into your diet isn't just another craze – it's a way to protect yourself against disease and illness. If you're worried about where to start, start with what's most available in your area. Apples are always abundant in fall, so they're an easy place to start adding more fruit into your diet. Eating plant-based dishes is also a great option that many people don't take advantage of but are happy when they do.
Longevity is better understood in insects
By better understanding insect longevity, scientists hope to unlock insights into extending human life. For example, some genetic components have been discovered that extend lifespan by up to 50 percent in some species. Some research points to plants being responsible for extended life spans in insects such as fruit flies—but whether similar plant compounds can slow aging in humans.
A plant-based diet extends life
New studies show that a plant-based diet can extend life by giving animals better heart health and even helping repair DNA. Specifically, there's evidence that animal-based fats (found in red meat) have a negative effect on our heart health and DNA when consumed in large quantities. In contrast, plant-based fats (found in nuts, seeds, avocados, and coconut oil) do not appear to damage our hearts or DNA. One study at Harvard University compared two groups of subjects, one with a vegan diet and one with an omnivorous diet. The study found that those who were vegan had lower blood pressure, cholesterol levels, body weight, and risk of diabetes than those who followed an omnivorous diet.
Additionally, a separate study found that following a plant-based lifestyle may also slow down the effects of aging in cells—causing them to function like they were much younger! Scientists believe this may be due to the plants' antioxidant qualities, which reduce cell damage over time. These results suggest we should rethink how we treat cardiovascular disease and diabetes as more people choose vegetarian diets over their carnivorous counterparts.
Come learn with the Backyard Farming family how to grow your own organic food! They can help you reduce costs and ensure you have access to the healthiest food for you and your family. If you are curious about organic fertilizers and learning which would be best for your garden, check out backyardfarmingsupply.com. Please follow us on Instagram and Facebook @backyardfarmingtips for helpful fun facts and tips.
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SOURCE Backyard Farming Supply | https://www.kxii.com/prnewswire/2022/07/04/search-fountain-youth-can-plants-make-you-live-forever/ | 2022-07-04T03:32:00Z |
Bullets that hit officers at Philadelphia July 4 show likely fired from far away
Published: Jul. 6, 2022 at 3:51 PM CDT|Updated: 12 minutes ago
PHILADELPHIA (AP) — Police say bullets that grazed two police officers during a Fourth of July fireworks show in Philadelphia and prompted an evacuation of the Benjamin Franklin Parkway likely were fired from far away.
Chief Inspector Frank Vanore of the Philadelphia Police Department told reporters Wednesday that one .40 caliber round “probably coming in a downward direction” hit the top of an officer’s hat.
At about the same time Monday night, an officer about 20 feet away was cut on the shoulder by a round from the same gun.
Vanore said they could have been fired from a mile or more away.
No arrests have been announced.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/07/06/police-bullets-that-hit-philadelphia-officers-july-4-show-likely-fired-far-away/ | 2022-07-06T21:04:26Z |
Summit™ Protocol Analyzers and Exercisers lead the way to validate and verify PCI Express® security protocols
MILPITAS, Calif., June 14, 2022 /PRNewswire/ -- Teledyne LeCroy, a worldwide leader in serial data test solutions, will be showcasing new protocol analysis and traffic generation solutions for testing PCI Express (PCIe) Integrity and Data Encryption (IDE) security protocols using their Summit Protocol Analyzers and Exercisers at the PCI Special Interest Group (PCI-SIG) Developers Conference 2022 in Santa Clara, CA on June 21-22, 2022.
Data integrity and confidentiality are critical to a secure computational environment, and a secured "Edge-to-Core" infrastructure, covering everything from the end user to the data center, is paramount to the protection against attacks from malicious actors. The PCIe technology is integral to high-speed flow of information, and the PCI-SIG has recognized the importance of secured data transfers with the introduction of IDE capabilities to the PCI Express specification.
Teledyne LeCroy protocol test solutions have been at the forefront of PCIe development since its inception 18 years ago and continue in this leadership position as a key enabler for the development of the PCIe IDE protocol, providing full capabilities to validate and verify mechanisms used in the establishment of secure links using encrypted transfers. The Summit PCIe analyzers are now capable of providing graphical representations of IDE packets, encrypted/decrypted payloads, and protocol errors to ensure conformance to the specification early during the design phase, and offer a means to identify and thwart security attacks. The new IDE support joins existing industry-standard hierarchical views of recorded traffic, real-time statistics, protocol traffic summaries, detailed error reports, powerful scripting, and the ability to create user-defined test reports, which allow developers to troubleshoot intricate problems and finish their projects on time. Users of Teledyne LeCroy systems appreciate the rich library of decodes and analysis capabilities that are available on all of Teledyne LeCroy's PCIe specification test tools.
The PCIe IDE Analysis and Generation licenses for Summit Protocol Analyzers and Exercisers can be ordered now. For additional information, contact Teledyne LeCroy at 1-800-5LeCroy (1-800-553-2769) or visit Teledyne LeCroy's web site at teledynelecroy.com.
Teledyne LeCroy is a leading manufacturer of advanced oscilloscopes, protocol analyzers, and other test instruments that verify performance, validate compliance, and debug complex electronic systems quickly and thoroughly. Since its founding in 1964, the Company has focused on incorporating powerful tools into innovative products that enhance "Time-to-Insight". Faster time to insight enables users to rapidly find and fix defects in complex electronic systems, dramatically improving time-to-market for a wide variety of applications and end markets. Teledyne LeCroy is based in Chestnut Ridge, N.Y. For more information, visit Teledyne LeCroy's website at teledynelecroy.com.
© 2022 by Teledyne LeCroy. All rights reserved. Specifications are subject to change without notice. PCIE and PCI Express are registered trademarks and/or service marks of PCI-SIG.
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SOURCE Teledyne LeCroy | https://www.wibw.com/prnewswire/2022/06/14/first-pcie-integrity-data-encryption-ide-protocol-testing-solutions-now-available/ | 2022-06-14T16:20:35Z |
The Senior Care Advantage of Palmetto program will deliver value-based primary care to PPCP patients
CHARLESTON, S.C., June 13, 2022 /PRNewswire/ -- Palmetto Primary Care Physicians ("PPCP"), South Carolina's largest independent multi-specialty physician's group, and agilon health ("agilon"), the trusted partner empowering physicians to transform health care in our communities, have entered a long-term partnership to create a better healthcare experience for senior patients through a new value-based primary care program. This new program -- called Senior Care Advantage of Palmetto – empowers the primary care provider to serve as the care quarterback and will enrich the quality-of-care PPCP is known for in South Carolina.
"PPCP is committed to improving the care experience for our growing senior population, and this new value-based primary care program will help us deliver on this promise for our patients today and in the future," says Terry Cunningham, CEO of PPCP. "We look forward to our long-term partnership with agilon heath and to continuing to enhance our high-quality primary care programs and services for our senior patients."
PPCP's vision is to be the model for patient-driven health care and physician independence, and the group is achieving this goal by focusing on being the home for high quality, cost-effective health care, especially for seniors. Today, PPCP has more than more than 120 providers, including 30 primary care physicians and 60 advanced practitioners at 40 locations across the state. PPCP is the first primary care group to transition to a full-risk, value-based primary care model for Medicare in South Carolina. agilon health has a long track record of partnering with physician groups to successfully make the transition to this new model of primary care.
"Our vision is to transform health care across communities by empowering physicians, and we are proud to form a long-term partnership with Palmetto Primary Care Physicians," said Steve Sell, Chief Executive Officer of agilon health. "By building a new primary care model for PPCP's senior patients, our organizations have the opportunity to positively impact patients, providers, and communities."
Senior Care Advantage of Palmetto will be open to all PPCP patients who are eligible or enrolled in a Medicare Advantage plan contracted with PPCP through the agilon partnership. This program is not a health plan, and PPCP may work with other health plans in their service areas. More information is available by contacting PPCP.
Value-based care is an important healthcare delivery model, which empowers physicians to serve as the quarterback of care for their Medicare patients. Primary care is critical to the delivery of value-based care within communities. This care approach enables physicians to spend more time with their patients to focus on their total health, while improving the experience for the physician group.
Serving our communities since 1996, Palmetto Primary Care Physicians (PPCP) is the largest independent multi-specialty physicians' group in South Carolina. The group cares for more than 250,000 patients across seven counties throughout 40 offices. PPCP provides a wide array of services including primary care, specialty care, urgent care, as well as diagnostic, imaging, and labs. Visit www. palmettoprimarycare.com to learn more.
agilon health is the trusted partner empowering physicians to transform health care in our communities. Through our partnerships and purpose-built platform, agilon is accelerating at scale how physician groups transition to a value-based Total Care Model for senior patients. agilon provides the technology, people, capital, and process and access to a peer network that allow physician groups to maintain their independence and focus on the total health of their most vulnerable patients. Together, agilon and its physician partners are creating the healthcare system we need – one built on the value of care, not the volume of fees. The result: healthier communities and empowered doctors. agilon is the trusted partner in 17 diverse communities and is here to help more of our nation's best physician groups and health systems have a sustained, thriving future. For more information go to www.agilonhealth.com and connect with us on Twitter, Instagram, LinkedIn, and YouTube.
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SOURCE Palmetto Primary Care Physicians | https://www.mysuncoast.com/prnewswire/2022/06/13/palmetto-primary-care-physicians-ppcp-forms-partnership-with-agilon-health-transform-health-care-seniors-south-carolina/ | 2022-06-13T17:34:34Z |
NEW YORK, Sept. 7, 2022 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased (and still own) ATI Physical Therapy Inc. ("ATI" or the "Company") (NYSE: ATIP) stock prior to June 15, 2021.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of ATIP. The ATIP merger investigation concerns whether the Board of ATIP has harmed stockholders by agreeing to enter into this transaction and whether all material facts have been properly disclosed to stockholders.
To learn more about the action and your rights, go to:
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.
Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington, D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP | https://www.kxii.com/prnewswire/2022/09/08/atip-alert-levi-amp-korsinsky-llp-remind-investors-an-investigation-into-fairness-merger-led-by-ati-physical-therapy-inc-fka-fortress-value-acquisition-corp-ii/ | 2022-09-08T03:01:49Z |
The considerable cost of attending one of the top American universities will now be covered for students whose parents earn less than $100,000 per year.
New Jersey's Princeton University announced this week that families in that income bracket will no longer pay any cost to attend the prestigious school, whose famous alumni include former First Lady Michelle Obama, Supreme Court Justice Sonia Sotomayor, Queen Noor of Jordan and Jeff Bezos, the founder of Amazon.
Previously, only families earning less than $65,000 received full financial aid coverage. Over 25% of the university's undergraduates, or 1,500 students, will now receive financial aid that covers the full cost of tuition and room and board, according to a Thursday news release.
At full price, a year of tuition at the Ivy League university costs almost $80,000, says Princeton's website.
The university's financial aid expansion will also help out families earning up to $150,000, according to the news release.
"One of Princeton's defining values is our commitment to ensure that talented students from all backgrounds can not only afford a Princeton education but can flourish on our campus and in the world beyond it," Christopher L. Eisgruber, Princeton's president said in the release.
"These improvements to our aid packages, made possible by the sustained generosity of our alumni and friends, will enhance the experiences of students during their time at Princeton and their choices and impact after they graduate."
The university also eliminated the annual student contribution -- a portion of tuition and expenses that students were expected to pay with their own savings and on-campus work -- and increased the financial aid allowance for personal expenses and books.
Jill Dolan, dean of the college at Princeton, framed the expansion as part of Princeton's larger commitment to diversity.
In a statement, Dolan pointed specifically to "socioeconomic diversity," arguing that the move to expand financial aid will allow "more students from across backgrounds to learn from one another's life experiences."
"We're pleased to take these next steps to extend the reach and effect of Princeton's financial aid."
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Partners Awarded for Extraordinary Performance, Notable Achievements and Overall Impact for Good
TEL AVIV, Israel, April 25, 2022 /PRNewswire/ -- TeraSky announced it was named VMware's Social Impact Partner of the Year for 2022 the EMEA region as part of VMware's annual Partner Achievement Awards. This award celebrates partners for positively impacting the world through the use of VMware technologies. TeraSky is recognized for its commitment to innovation for a better future and driving business around Sustainability, Equity and Trust.
"This year's VMware Partner Social Impact Award winners highlight companies that are not only driving exceptional business outcomes for our customers, but are also exceptional global citizens," said Petra Heinrich Liedtke, vice president, partner and commercial organization, EMEA, VMware. "The last year brought us both new and continued challenges, and VMware is proud to see TeraSky honored for their ability to help customers deliver under unique circumstances. Technology was the connective tissue for so many, and TeraSky helped customers leverage VMware tools for the greater good in some of their most vulnerable hours."
TeraSky's is recognized specifically for outstanding work in refactoring critical applications to microservices for clients providing remote learning services to millions of students during the pandemic. By leveraging Kubernetes capabilities for instant scale in a hybrid cloud environment and using Tanzu as a CI/CD platform on top of Kubernetes, TeraSky enables clients to deploy new features quickly without disrupting production, implement changes to the application rapidly, and leverage the hyper scales for instant scale when on-prem resource are insufficient.
"We are honored to receive this award and are especially proud of the work we do that has impacted so many students nationwide. This is the fifth time in four years that VMware has formally recognized our innovative edge and the value TeraSky adds for our shared clients – following Global Partner of the Year in 2021, the Global Partner Trailblazer Award and Technology Partner of the Year, both in 2020, and the Partner Innovation Award in 2018. We look forward to continuing to partner with VMware in the USA, EU and Israel to create important and effective technology solutions for our clients' most pressing challenges," said TeraSky CEO, Ofir Abekasis.
The VMware Partner Achievement Awards program is conducted in partnership with technology research firm IDC, which reviewed and evaluated award submissions against the criteria for each category. Partners were recognized for their achievements in delivering VMware technologies and solutions that helped customers move to modern, cloud centric architectures and transform their businesses. They were selected for their ability to help customers leverage VMware solutions in combination with next-gen technologies to lead the industry.
About TeraSky
TeraSky creates masterful solutions for customers during their digital transformation journey. We assist our customers to migrate to the cloud, manage scaling data center infrastructure, build software creation platforms, properly protect customers' valuable data and secure large-scale operations. Whether you are a traditional business in need of digital transformation, or a born-to-the-cloud startup facing the challenges of expansion and scale, you can trust the journey with TeraSky. Learn more at www.terasky.com.
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SOURCE TeraSky | https://www.wibw.com/prnewswire/2022/04/25/terasky-named-winner-vmware-2022-partner-social-impact-award-emea/ | 2022-04-25T12:04:14Z |
WASHINGTON, June 22, 2022 /PRNewswire/ -- The American Academy of Actuaries has released a public policy issue brief that points to the possible expiration of two signature pandemic-era measures that boosted health insurance affordability and coverage as among the drivers of potential premium changes for individual and small group plans in 2023.
"Proposed health insurance premium rates reflect many factors, which can include the effects of legislative and regulatory changes," said Academy Senior Health Fellow Cori Uccello. "This is especially true for 2023 rates, due to the possible expiration later this year of enhanced Affordable Care Act (ACA) premium subsidies and of a key support of Medicaid coverage during the pandemic."
The issue brief, developed by the Academy's Individual and Small Group Markets Committee, Drivers of 2023 Health Insurance Premium Changes, discusses these key factors and others that may account for differences in premium rates being filed with state insurance departments this year for 2023, compared to 2022 rates. The factors are illustrated in a new infographic as well.
The American Rescue Plan Act of 2021 (ARPA) increased advanced ACA premium tax credits in 2020 and 2021 for all eligible income brackets, including extending tax credits to those who earn over 400% of the federal poverty level. These subsidies, which make plans more affordable, are set to end with the expiration of ARPA on Jan. 1, 2023, reversing enrollment gains and possibly worsening plan risk pools.
Provisions in the Families First Coronavirus Response Act (FFCRA) increased federal fiscal aid to states for covering Medicaid enrollees during the pandemic-related Public Health Emergency (PHE), contingent on the states suspending their usual processes for redetermining eligibility for Medicaid coverage. These provisions are set to expire at the end of the quarter in which the PHE is not renewed, which could happen this year. In that event, states could restart the usual redetermination process, meaning some individuals who received Medicaid coverage during the pandemic could no longer be eligible for Medicaid and shift to the individual market, the employer group markets, or become uninsured—a shift that could affect risk pools in the individual and small groups markets.
Other factors expected to drive premium rate changes for 2023 include changes to the composition of the small group market due to the continued shift of small employers to self-funded, level-funded, or other risk-rated coverage, or otherwise leaving the market; changes in utilization patterns for telehealth visits and for mental health care; and changes in provider contracting including the expected impacts of medical inflation. The costs of preventing, testing for, and treating COVID-19, while expected to stabilize, could also be important factors for certain health insurance plans, depending on projected trends in the pandemic, particularly should a new variant emerge that is not mitigated by the immunity provided by prior infections or vaccinations. State-level measures such as reinsurance programs aimed at lowering premiums could also reduce premiums, with an outsized reduction in the first year of new reinsurance programs.
Learn more about the Academy's health policy work under the public policy tab at actuary.org.
The American Academy of Actuaries is a 19,500+ member professional association whose mission is to serve the public and the U.S. actuarial profession. For more than 50 years, the Academy has assisted public policymakers on all levels by providing leadership, objective expertise, and actuarial advice on risk and financial security issues. The Academy also sets qualification, practice, and professionalism standards for actuaries in the United States.
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SOURCE American Academy of Actuaries | https://www.mysuncoast.com/prnewswire/2022/06/22/academy-possible-expiration-pandemic-era-measures-among-drivers-2023-health-insurance-premium-changes/ | 2022-06-22T23:03:22Z |
SKOPJE, North Macedonia (AP) — Police in North Macedonia say a patrol discovered 18 migrants in the south of the country and arrested the driver after a brief chase.
A police statement released Monday said the 18 migrants, 14 Syrians and 4 Pakistanis were discovered late Sunday as they disembarked from a car with Bulgarian license plates not far from the border with Greece. The driver, a 27-year-old North Macedonian identified only by his initials, D.A., attempted to flee but was arrested after a short chase.
The migrants were transferred to a shelter in the border town of Gevgelija, pending deportation to Greece.
Police say the Balkan route for migrants, from Greece through North Macedonia and Serbia to European Union countries, has become active again in the past few weeks after many Balkan countries lifted COVID-19 travel restrictions.
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Follow all AP stories on global migration at https://apnews.com/hub/migration. | https://cw33.com/news/international/ap-international/police-find-18-migrants-in-north-macedonia-nab-car-driver/ | 2022-04-25T23:08:24Z |
WELLINGTON, New Zealand (AP) — A satellite the size of a microwave oven successfully broke free from its orbit around Earth on Monday and is headed toward the moon, the latest step in NASA’s plan to land astronauts on the lunar surface again.
It’s been an unusual journey already for the Capstone satellite. It was launched six days ago from New Zealand’s Mahia Peninsula by the company Rocket Lab in one of their small Electron rockets. It will take another four months for the satellite to reach the moon, as it cruises along using minimal energy.
Rocket Lab founder Peter Beck told The Associated Press it was hard to put his excitement into words.
“It’s probably going to take a while to sink in. It’s been a project that has taken us two, two-and-a-half years and is just incredibly, incredibly difficult to execute,” he said. “So to see it all come together tonight and see that spacecraft on its way to the moon, it’s just absolutely epic.”
Beck said the relatively low cost of the mission — NASA put it at $32.7 million — marked the beginning of a new era for space exploration.
“For some tens of millions of dollars, there is now a rocket and a spacecraft that can take you to the moon, to asteroids, to Venus, to Mars,” Beck said. “It’s an insane capability that’s never existed before.”
If the rest of the mission is successful, the Capstone satellite will send back vital information for months as the first to take a new orbit around the moon called a near-rectilinear halo orbit: a stretched-out egg shape with one end of the orbit passing close to the moon and the other far from it.
Eventually, NASA plans to put a space station called Gateway into the orbital path, from which astronauts can descend to the moon’s surface as part of its Artemis program.
Beck said the advantage of the new orbit is that it minimizes fuel use and allows the satellite — or a space station — to stay in constant contact with Earth.
The Electron rocket that launched June 28 from New Zealand was carrying a second spacecraft called Photon, which separated after nine minutes. The satellite was carried for six days in Photon, with the spacecraft’s engines firing periodically to raise its orbit farther and farther from Earth.
A final engine burst Monday allowed Photon to break from Earth’s gravitational pull and send the satellite on its way. The plan now is for the 25-kilogram (55-pound) satellite to far overshoot the moon before falling back into the new lunar orbit Nov. 13. The satellite will use tiny amounts of fuel to make a few planned trajectory course corrections along the way.
Beck said they would decide over the coming days what to do with Photon, which had completed its tasks and still had a bit of fuel left in the tank.
“There’s a number of really cool missions that we can actually do with it,” Beck said.
For the mission, NASA teamed up with two commercial companies: California-based Rocket Lab and Colorado-based Advanced Space, which owns and operates the Capstone satellite. | https://cw33.com/news/science-technology/ap-science/nasa-satellite-breaks-from-orbit-around-earth-heads-to-moon/ | 2022-07-04T19:33:53Z |
LONDON (AP) — Prince Charles has been preparing for the crown his entire life. Now, at age 73, that moment has finally arrived.
Charles, the oldest person to ever assume the British throne, became King Charles III on Thursday following the death of his mother, Queen Elizabeth II. No date has been set for his coronation.
After an apprenticeship that began as a child, Charles embodies the modernization of the British monarchy. He was the first heir not educated at home, the first to earn a university degree and the first to grow up in the ever-intensifying glare of the media as deference to royalty faded.
He also alienated many with his messy divorce from the much-loved Princess Diana, and by straining the rules that prohibit royals from intervening in public affairs, wading into debates on issues such as environmental protection and architectural preservation,
“He now finds himself in, if you like, the autumn of his life, having to think carefully about how he projects his image as a public figure,” said historian Ed Owens. “He’s nowhere near as popular as his mother.”
Charles must figure out how to generate the “public support, a sense of endearment” that characterized the relationship Elizabeth had with the British public, Owens said.
In other words, will Charles be as loved by his subjects? It’s a question that has overshadowed his entire life.
A shy boy with a domineering father, Charles grew into a sometimes-awkward, understated man who is nevertheless confident in his own opinions. Unlike his mother, who refused to publicly discuss her views, Charles has delivered speeches and written articles on issues close to his heart, such as climate change, green energy and alternative medicine.
His accession to the throne is likely to fuel debate about the future of Britain’s largely ceremonial monarchy, seen by some as a symbol of national unity and others as an obsolete vestige of feudal history.
“We know the monarch and certainly the monarch’s family – they’re not meant to have political voices. They’re not meant to have political opinions. And the fact that he’s been flexing, if you like, his political muscle is something that he will have to be really careful with … lest he be seen as unconstitutional,” said Owens, who wrote “The Family Firm: Monarchy, Mass Media and the British Public, 1932-53.”
Charles, who will be the head of state for the U.K. and 14 other countries, including Australia, Canada, New Zealand and Papua New Guinea, has defended his actions.
“I always wonder what meddling is, I always thought it was motivating,” he said in “Prince, Son and Heir: Charles at 70,” a 2018 documentary. “I’ve always been intrigued if it’s meddling to worry about the inner cities, as I did 40 years ago and what was happening or not happening there, the conditions in which people were living. If that’s meddling, I’m very proud of it.”
In the same interview, however, Charles acknowledged that as king, he wouldn’t be able to speak out or interfere in politics because the role of sovereign is different from being the Prince of Wales.
Charles has said he intends to reduce the number of working royals, cut expenses and better represent modern Britain.
But tradition matters, too, for a man whose office previously described the monarchy as “the focal point for national pride, unity and allegiance.”
That has meant a life of palaces and polo, attracting criticism that Charles was out of touch with everyday life, being lampooned for having a valet who purportedly squeezed toothpaste onto his brush.
But it was the disintegration of his marriage to Diana that made many question his fitness for the throne. Then, as he aged, his handsome young sons stole the limelight from a man who had a reputation for being as gray as his Saville Row suits.
Biographer Sally Bedell Smith, author of “Prince Charles: the Passions and Paradoxes of an Improbable Life,’’ described him as being constantly overshadowed by others in the family, despite his destiny.
“I think the frustrations are not so much that he’s had to wait for the throne,” Smith told PBS. “I think his main frustration is that he has done so much and that … he has been sort of massively misunderstood. He’s sort of been caught between two worlds: the world of his mother, revered, now beloved; and Diana, the ghost of whom still shadows him; and then his incredibly glamorous sons.”
It took years for many in Britain to forgive Charles for his admitted infidelity to Diana before “the people’s princess” died in a Paris car crash in 1997. But the public mood softened after he married Camilla Parker Bowles in 2005 and she became the Duchess of Cornwall.
Although Camilla played a significant role in the breakup of Charles and Diana, her self-deprecating style and salt-of-the-earth sense of humor eventually won over many Britons.
She helped Charles smile more in public by tempering his reserve and making him appear approachable, if not happier, as he cut ribbons, visited houses of worship, unveiled plaques and waited for the crown.
Her service was rewarded last February, when Queen Elizabeth II said publicly that it was her “sincere wish” that Camilla should be known as “Queen Consort” after her son succeeded her, answering questions once and for all about her status in the Royal Family.
Prince Charles Philip Arthur George was born Nov. 14, 1948, in Buckingham Palace. When his mother acceded to the throne in 1952, the 3-year-old prince became the Duke of Cornwall. He became Prince of Wales at 20.
His school years were unhappy, with the future king being bullied by classmates at Gordonstoun, a Scottish boarding school that prides itself on building character through vigorous outdoor activities and educated his father, Philip.
Charles studied history at Cambridge University’s Trinity College, where in 1970 he became the first British royal to earn a university degree.
He then spent seven years in uniform, training as a Royal Air Force pilot before joining the Royal Navy, where he learned to fly helicopters. He ended his military career as commander of the HMS Bronington, a minesweeper, in 1976.
Charles’ relationship with Camilla began before he went to sea, but the romance foundered and she married a cavalry officer.
He met Lady Diana Spencer in 1977 when she was 16 and he was dating her older sister. Diana apparently didn’t see him again until 1980, and rumors of their engagement swirled after she was invited to spend time with Charles and the royal family.
They announced their engagement in February 1981. Some awkwardness in their relationship was immediately apparent when, during a televised interview about their betrothal, a reporter asked if they were in love. “Of course,” Diana answered immediately, while Charles said, “Whatever ‘in love’ means.”
Although Diana giggled at the response, she later said that Charles’ remark “threw me completely.”
“God, it absolutely traumatized me,” she said in a recording made by her voice coach in 1992-93 that was featured in the 2017 documentary “Diana, In Her Own Words.”
The couple married on July 29, 1981, at St. Paul’s Cathedral in a globally televised ceremony. Prince William, now heir to the throne, was born less than a year later, followed by his brother, Prince Harry, in 1984.
The public fairy tale soon crumbled. Charles admitted to adultery to a TV interviewer in 1994. In an interview of her own, Diana drew attention to her husband’s relationship with Camilla, saying: “There were three of us in this marriage.”
The revelations tarnished Charles’ reputation among many who celebrated Diana for her style as well as her charity work with AIDS patients and landmine victims.
William and Harry were caught in the middle. While the princes revered their late mother, they said Charles was a good father and praised him as an early advocate for issues like the environment.
Tensions persist inside the royal family, underscored by the decision of Harry and his wife, Meghan, to step away from their royal duties and move to California in 2020. In a televised interview, they later said a member of the royal family had raised “concerns and conversations” about the color of their baby’s skin before he was born. The explosive revelation forced William to publicly declare the family wasn’t racist.
Charles soldiered on, increasingly standing in for the queen in her twilight years. In 2018, he was named the queen’s designated successor as head of the Commonwealth, an association of 54 nations with links to the British Empire. The process accelerated after the death of her husband, Prince Philip, on April 9, 2021.
As Elizabeth declined, he sometimes stepped in at the last moment.
On the eve of the state opening of Parliament this year, on May 10, the queen asked Charles to preside, delegating one of her most important constitutional duties to him — evidence that a transition was underway.
Camilla said in a 2018 documentary that Charles was comfortable with the prospect of being king.
“I think his destiny will come,’’ she said. “He’s always known it’s going to come, and I don’t think it does weigh heavily on his shoulders at all.” | https://cw33.com/news/nexstar-media-wire/charles-takes-the-throne-after-a-lifetime-of-preparation/ | 2022-09-09T12:29:56Z |
NEW YORK, May 24, 2022 /PRNewswire/ - BeMo Academic Consulting ("BeMo") is now offering free virtual shadowing experience to medical school applicants. This opportunity is available online to anyone seeking to gain shadowing experience to strengthen their premedical knowledge, as well as their med school applications. Here's how it works:
The shadowing sessions are led by current leading physicians working in a wide variety of medical specialties. Students can access the recorded clinical cases from anywhere at any time, including cases in internal medicine, neurology, psychiatry, plastic surgery, OBGYN, trauma, rural family medicine, and more. The assortment of participating doctors and presentations allows students to explore different fields of medicine and start pondering which path they may want to pursue. Participants simply need to complete video training, take short open-book quizzes, and get their certificate of completion that will accompany their medical school applications.
"Medical schools have very demanding admissions requirements. At times, we have found that students panic about gaining all the relevant extracurriculars expected of them. Our DocShadowing opportunity allows students to fulfill this medical school requirement on their own terms: it's a free learning opportunity that can be accessed by students online at a time that's convenient for them. We know how busy the schedule of a pre-med student is, so we want to help ease the burden. The goal of all our programs, including DocShadowing, is to help students achieve their academic and professional dreams by removing obstacles to such experiences." said Dr. Bherouz Moemeni, PhD, President and CEO of BeMo.
To learn more about BeMo's virtual shadowing opportunity, visit DocShadowing.com.
About BeMo®: BeMo is the trusted leader in personalized admissions prep to top universities in the US, Canada, the UK & Australia with unlimited support & bold guarantees. BeMo's mission is to reduce barriers to education by making education accessible to everyone. BeMo is the creator of the most widely read blog in higher education "The Admissions Experts Blog" found at BeMo.Blog.
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SOURCE BeMo Academic Consulting Inc. | https://www.mysuncoast.com/prnewswire/2022/05/24/bemo-provides-free-virtual-shadowing-experience-pre-medical-students/ | 2022-05-24T12:46:13Z |
DALLAS (KDAF) — Well if you were under the assumption that some relief from the heat is on its way in North Texas anytime soon, you’re sorely mistaken.
The National Weather Service center in Fort Worth reports there is ‘no relief from the heat’ in sight as a blocking ridge will build to our west and keep the hot weather in place through the weekend and early next week.
NWS Fort Worth wants you to be aware of the heat moving forward from July 6-12:
- A strong mid-level high can commonly be referred to as a blocking ridge
- Since most weather systems move from west to east, a ridge to our west keeps the weather over North and Central Texas quiet for several days
- A blocking ridge will build to our west Friday and remain in place this weekend and early next week.
Be sure also practice heat safety no matter where you are, “Practice heat safety wherever you are! Heat related deaths are preventable! On the job, stay hydrated and take breaks in the shade as much as possible. Check up on the elderly, sick, and those without A/C. Never leave kids or pets unattended in vehicles — look before you lock. Limit time outdoors during the heat of the day, find shade, and stay hydrated. Remember that concrete gets extremely hot and can burn pet paw pads! If you can’t walk on it barefoot, neither can your pet!” | https://cw33.com/news/local/no-relief-in-sight-nws-fort-worth-says-high-heat-to-continue-in-north-texas/ | 2022-07-06T16:58:30Z |
- The appointment of Melanie Kalemba as Board Member strengthens the Board of Directors through the addition of complementary skills in sales and business development and deep experience scaling SaaS companies
- Ms. Kalemba brings extensive experience and valuable perspective gained through her 15 years of executive experience across a variety of organizations, including BigCommerce where she served as Senior Vice President of Global Sales & Channel, and most recently as General Manager of Amazon Pay, Americas Region
VANCOUVER, BC, June 8, 2022 /PRNewswire/ - Thinkific Labs Inc. ("Thinkific" or the "Company") (TSX: THNC), a leading platform for creating, marketing, and selling online courses and other learning products, today announced the election of Melanie Kalemba to the Board of Directors.
"Thinkific is pleased to announce the appointment of Melanie Kalemba to the Board of Directors. Melanie brings extensive experience and valuable perspective that further enhances the deep skill set represented on our Board of Directors, " said Fraser Hall, Chair of Thinkific's Board of Directors.
"We are excited to have Melanie join Thinkific's Board of Directors. Her global experience scaling high-growth sales and marketing organizations is a real asset," said Greg Smith, Thinkific's Co-Founder & CEO.
"I'm honoured to be joining the Board of an organization that is committed to creating positive change through its leading SaaS Platform, " said Melanie Kalemba, "I look forward to serving the Board and collaborating with management as Thinkific continues to scale and deliver on its sustainable growth strategy."
Ms. Kalemba brings over 15 years of executive experience focused on business development, sales and operations across a variety of high-tech and e-commerce companies, including her most recent role as General Manager of Amazon Pay, Americas Region, where she led the go-to-market strategy, and prior roles, including Senior Vice President ("SVP") of Marketing & Sales at Miva, and SVP, Global Sales & Channel at BigCommerce, both Software-as-a-Service ("SaaS") e-commerce companies.
Thinkific (TSX: THNC) makes it simple for entrepreneurs and established businesses of any size to scale and generate revenue by teaching what they know. Our platform gives businesses everything they need to build, market, and sell online courses and other learning products, and to run their business seamlessly under their own brand, on their own site. Thinkific's 50,000 active creators earn hundreds of millions of dollars in direct course sales while teaching tens of millions of students. Thinkific is headquartered in Vancouver, Canada, with a distributed team.
For more information, please visit www.thinkific.com.
This news release includes forward-looking statements and forward–looking information within the meaning of applicable securities laws ("forward-looking statements"). Often, but not always, forward–looking information can be identified by the use of words such as "strategy", "plans", "targets", "trends", "indicator", "adoption", "trajectory", "estimates", "projects", "forecasts", "outlook", "is expected", "expects", "scheduled", "intends", "contemplates", "anticipates", "believes", "proposes" or variations (including negative and grammatical variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements in this news release include statements regarding the Company's plans related to the addition of a new board director and the expected benefits of the board director's experience and skillset as a member of the board of directors and the expected benefits the board director may bring in support of the company's growth plans. Such statements and information are based on the current expectations of Thinkific's management, and are based on assumptions and subject to risks and uncertainties. Although Thinkific's management believes that the assumptions underlying these statements and information are reasonable, they may prove to be incorrect. Except as required by applicable securities laws, forward–looking statements and information speak only as of the date on which they are made and Thinkific undertakes no obligation to publicly update or revise any forward–looking statement or information, whether as a result of new information, future events or otherwise.
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SOURCE Thinkific Labs Inc. | https://www.mysuncoast.com/prnewswire/2022/06/08/thinkific-continues-strengthen-its-board-directors/ | 2022-06-08T21:23:09Z |
Monthly payments are now available through Uplift on all Olivia Travel trips and experiences
SUNNYVALE, Calif., June 29, 2022 /PRNewswire/ -- Uplift, the leading enterprise Buy Now Pay Later (BNPL) solution serving the world's top travel brands announced a partnership with Olivia The Travel Company for LGBTQ+ Women. Customers booking packages on Olivia can now spread the cost of their travel over time with simple, affordable monthly installments through Uplift.
For nearly five decades, Olivia's mission has been to provide safe and celebrating spaces for lesbians and LGBTQ+ women. Olivia is the leading travel company for lesbians and LGBTQ+ women having produced well over 300 trips for more than 350,000 women. From large cruises to resorts, intimate riverboats to adventure vacations, Olivia charters the entire ship or resort so that guests can always feel free to be themselves. Exceptional entertainment, friendly personalized service from Team Olivia, bucket list destinations and friendships that last a lifetime are just some of the highlights guests will find on an Olivia vacation.
Available now, Olivia guests can make their travel dreams a reality by utilizing Uplift's pay over time monthly installments, rather than paying in full at booking. Guests will see the total cost of their trip upfront along with the surprise-free monthly payment amount and can choose from 3 up to 24 monthly installments.
"At Olivia, we pride ourselves on taking lesbian and LGTBQ+ women on trips across the world and have been creating these vacation experiences for over 30 years," said Judy Dlugacz, President and Founder of Olivia Travel. "From the Arctic to the Caribbean, our trips are truly unique and extraordinary. With the addition of Uplift's flexible installments, Olivia will be accessible to even more guests looking to make special memories for a lifetime."
Uplift partners with over 200 of the world's leading airlines, cruise lines, resorts and other major travel providers to offer BNPL payment options to help more consumers make meaningful purchases and experience the travel that they deserve. With Uplift there are no fees including no late fees or prepayment penalties and travel can happen before guests complete their payments.
"We can't think of a better time than Pride Month to launch this special partnership with Olivia Travel," said Rob Borden, Uplift SVP of Commercial. "We are a company of passionate jetsetters and travel enthusiasts and it's important for us to make getaways available to more customers and guests through payment installments - Olivia is the ideal partner to continue with this mission."
Uplift's Buy Now Pay Later flexible payment options are now available for booking, to learn more visit - Olivia Travel .
*Down payment may be required. Actual terms are based on your credit score and other factors and may vary. Not everyone is eligible, and some states are not served, including IA and WV. Loans made through Uplift are offered by these lending partners: www.uplift.com/lenders.
Olivia is THE Travel company for lesbians and LGBTQ+ women. For nearly 50 years, Olivia has endeavored to be a force for positive change and build a better, more accepting world for the lesbian and LGBTQ+ women's community. By providing a safe space for lesbian, gay, bisexual, transgender, and queer women to be themselves—out and proud as they travel worldwide—Olivia Travel has truly changed lives. To date, Olivia has taken over 300,000 women on more than 300 cruise, resort, riverboat, and adventure vacations all over the world with unique experiences crafted for LGBTQ+ women, featuring dynamic entertainers, speakers, and custom programming. Olivia welcomes all LGBTQ-identified women and their friends on our trips. Olivia is and always will be about love, acceptance, and building community.
Uplift is the leading Buy Now, Pay Later solution that empowers people to get more out of life, one thoughtful purchase at a time. Serving the world's top enterprise level travel brands, Uplift's complete range of flexible payment options drive higher conversion and loyalty for partners, while giving customers a simple, surprise-free way to pay over time with no late fees or prepayment penalties. Uplift is currently available throughout the United States and Canada. To learn more, visit Uplift.com.
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SOURCE Uplift | https://www.mysuncoast.com/prnewswire/2022/06/29/olivia-travel-company-lgbtq-women-partners-with-uplift-buy-now-pay-later-payment-solution/ | 2022-06-29T18:50:31Z |
NEW YORK, May 4, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Black Knight, Inc. ("Black Knight" or the "Company") (NYSE: BKI), in connection with the proposed acquisition of the Company by Intercontinental Exchange, Inc. (NYSE: ICE). Under the terms of the merger agreement, the Company's shareholders will receive $85.00 for each share of Black Knight common stock owned in a mix of cash (80%) and stock (20%), subject to proration. The transaction is valued at approximately $13.1 billion.
If you own Black Knight 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/bki
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) Black Knight's board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $85.00 per-share merger consideration adequately compensates Black Knight's shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. Notably, at least one analyst set a price target for the Company of $92 per share, $7.00 above the per-share merger consideration.
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/2022/05/05/shareholder-alert-weiss-law-investigates-black-knight-inc/ | 2022-05-05T09:23:09Z |
- STP0404 is the only clinical safety proven HIV treatment candidate with a novel mechanism that can block HIV re-activation.
- STP0404 is expected to enter Phase 2a clinical trial in the US in 4Q 2022.
SEOUL, South Korea, Aug. 3, 2022 /PRNewswire/ -- ST Pharm Co., Ltd. (237690:KOSDAQ) announced on 3rd August that the Phase 1 clinical trial results of STP0404, the HIV treatment candidate, was presented at the 24th International AIDS Conference took place in Montreal, Canada from 29th July to 2nd August.
The International AIDS Conference is the biggest AIDS conference worldwide, held by the International AIDS Society (IAS) which has over 13,000 members from more than 170 countries. All submitted abstracts went through a blind peer-review process by international reviewers and only 300 abstracts were selected to be presented. Among those, the Phase 1 clinical trial results of STP0404 was selected with high score and was formally invited for poster presentation with a poster title, "The First-in-Human Clinical Trial of STP0404, a Novel Potent HIV-1 Allosteric Integrase Inhibitor".
STP0404 is the world's first AIDS treatment with an ALLINI (Allosteric Integrase Inhibitor) mechanism in human clinical trials. All competing drugs developed with the same mechanism failed in preclinical stage due to toxicity issues.
A total of 65 healthy male adult participants, aged from 18 to 45, were included in this Phase 1 clinical study. A total of 28 adverse events (AE) were reported. Headache and diarrhoea with mild to moderate intensity were most frequently reported as treatment emergent adverse events (TEAE). There were no severe AE, Serious AE reported and no clinically significant trend or abnormalities observed in laboratory tests, physical examination, vital signs and ECG evaluations. Since there were no clinically significant AEs reported at the highest dose levels (800 mg in single ascending dose part [SAD] and 400 mg in multiple ascending dose part [MAD]), the maximum tolerated dose was not confirmed. STP0404 also demonstrated consistent pharmacokinetics at various dose levels showing drug exposure increased less-proportionally with dose, and presented an elimination half-life can support once daily dosing regimen.
ST Pharm stated, "From nonclinical studies, dosing with 0.01~10 μM of STP0404 in HIV reactivated T cells reduced the p24 level from over 270 pg/mL to 30 pg/mL. These results can be considered as potentially functional cure. STP0404 not only has optimal antiviral effects as mono-treatment against wild-type strains, but also presented excellent antiviral activities against clinical isolates and reactivated virus that have developed resistance. As the safety of STP0404 was confirmed in Phase 1 trial, a Phase 2a study is planned to be initiated this year."
ST Pharm is further evaluating the clinical potential of co-administering STP0404 with marketed AIDS treatments, and is also developing long-acting injectables.
Learn more at www.stpharm.co.kr/?lang=en
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SOURCE ST Pharm Co., Ltd. | https://www.mysuncoast.com/prnewswire/2022/08/03/st-pharm-presents-phase-1-clinical-trial-results-hiv-treatment-candidate-aids-2022/ | 2022-08-03T13:16:54Z |
TUPE, Peru (AP) — In the last town on a road in the Peruvian Andes, María Acevedo has a tiny convenience store but primarily lives off the crops and livestock she raises on her land.
Like many other residents of Tupe, where the indigenous language Jaqaru is still spoken, she voted for school teacher Pedro Castillo for president last year, drawn in part by the possibility of seeing the nation led by someone with rural roots like her own.
That sentiment proved to be shared by many people across Peru, which propelled the political neophyte Castillo to victory in a runoff election that stunned the South American country’s political class.
It also buoyed the hopes of many Peruvians that an outsider could bring needed changes to improve public services, including education and health, whose inadequacies were highlighted by the pandemic.
Now, after a year in the presidency, Castillo’s popularity is in shambles, decimated by what critics characterize as a chaotic management style and corruption allegations.
Still, in rural areas many voters believe the fault for the executive crisis lies not only with Castillo, but with Congress, which has sought to remove him twice.
“We want him to get to five years (in office), to work, to fulfill his promise. Why are they going to throw him out?” said Acevedo, dressed in the red-and-black suit typically worn by women in her community. “We want him to learn. Nobody becomes president knowing” what do do.
Acevedo, who is concerned about rising food and fuel prices that have led to regional protests, said the rich in Lima “do not let” Castillo work.
Castillo, 52, campaigned with the slogan “no more poor in a rich country.” He promised to fight corruption, raise taxes on mining profits, rewrite the constitution and end alleged monopolies that affect the prices of domestic gas and medicine.
But he was met by a Congress all too eager to continue the political squabbling that has seen presidents and lawmakers seek to cut short each other’s terms.
In 2019, President Martín Vizcarra dissolved Congress and called legislative elections. The following year, the new Congress removed Vizcarra. Manuel Merino was as president appointed by Congress but resigned less than a week later following deadly protests. He was succeeded by Francisco Sagasti, who after nine months handed the post to Castillo on July 28, 2021.
Since then, Congress has approved a commission to investigate allegations of fraud in the presidential election, claims that electoral authorities and independent observers dispute. On two occasions, lawmakers also tried to dismiss Castillo for purported moral incapacity but did not reach the necessary 87 votes to move forward.
Congress also has shelved Castillo’s proposed steps for a constitutional reform. But the president himself has not introduced a detailed agricultural overhaul that was among his top campaign promises.
Only about 19% of Peruvians approve of the job being done by Castillo, who defeated Keiko Fujimori in the runoff by about 44,000 votes. But that is higher than the 12% rating for Congress, according to polls by the Institute of Peruvian Studies.
Castillo “has promised many things, such as structural changes. Many people have trusted (him), but acting as president he has many shortcomings, which makes people suspicious,” said Arnulfo Casas, a retired teacher who worked for decades in the Amazon region and returned to Tupe to care for his sick wife.
But Casas also isn’t happy with Congress.
“The parties that have lost do not let (Castillo) work, everything is opposition,” said Casas, who runs a juice store. “Most of the residents of the mountains and the jungle want Castillo to continue legally.”
The lack of achievement is hurting the president, analysts say.
“In the various social sectors there are a series of unfulfilled expectations that have generated disappointment and a climate of discontent and exhaustion,” said Rodrigo Gil, professor of political science at Antonio Ruiz de Montoya University.
Castillo, at times, has hurt his own image by making mistakes, such as confusing Croatia for Ukraine when talking about Russia’s invasion — a slip that drew mockery on social media and criticism by traditional media and politicians.
The president also faces five investigations. Four are looking into allegations of corruption and one is studying claims of plagiarism of his master’s thesis in educational psychology that was presented in 2012.
“Some think that here we are going to give in, even though they mess with your children, with your parents, with your family. In 11 months, they do not find a single piece of evidence,” Castillo said recently about the corruption inquiries.
He has said that he did not seek to become president to “stick his nails” into the public treasury. He says that if he should be found guilty, his father will disinherit him, and he will submit to a type of peasant justice system that punishes cattle thieves with horrible whippings and other physical punishments.
Castillo’s lack of experience in public management has shown up in a revolving door among his Cabinet secretaries.
In February, in the midst of a third wave of COVID-19 cases, he replaced a health minister who was promoting vaccination with a doctor who had touted a type of water that supposedly slows aging.
After the spill of thousands of barrels of oil in the Pacific, Castillo replaced the environment minister with an inexperienced geography expert who resigned in just eight days.
Since February, the Ministry of Agriculture has had four secretaries even as Peru grapples with the shortage and rising prices of Russian fertilizers due to the war in Ukraine.
“It is a very precarious government, focused on sticking its neck out of the water and breathing day by day to survive,” Gil said. | https://cw33.com/news/international/ap-international/perus-struggling-president-marks-his-first-year-in-office/ | 2022-07-26T17:59:57Z |
By Michelle Rose
KINGSTON, ON, June 7, 2022 /PRNewswire/ - The winning pod design for SnapCab's first annual "Space To Be You" contest will be revealed on the eve of Chicago's NeoCon® on Sunday, June 12 (3:30 p.m. - 5:00 p.m. CT). SnapCab, the pod design and manufacturing company, will unveil a full-scale build of the winning design, the "Japandi" pod, by Georgia Southern University recent interior design graduate, Emma Franceschina.
Carla Bostock, SnapCab's art director and product aesthetics designer, led the contest in collaboration with commercial interior design media company, i+s. Bostock says designers and design students were invited to use their creativity, innovation, and vision to completely customize a SnapCab pod for a chance to win a trip to Chicago to attend NeoCon 2022 and have their design come to life.
"Submissions were sent in from all over North America, and the winner was determined by the highest number of votes on the i+s Instagram account," says Bostock. "We were amazed and inspired by what we received, and Emma's design was named the winner."
Franceschina focused on biophilic and wellness design during her time in school.
"I am still feeling so honored that I won this contest, and I can't wait to see the design come to life at NeoCon this year," she says. "This is my first architecture project outside of college. I can't wait for the grand reveal and celebration, and to meet the wonderful SnapCab team that has worked with me to turn this into a reality."
Both Franceschina and Bostock were interviewed about the contest and final design by the i+s I Hear Design Podcast.
An RSVP is recommended for the event, which will include champagne, a signature cocktail, and a nibble. After the pod reveal, guests will have a chance to hear from Franceschina herself.
Event location:
Center Pass-Through
Floor 1, theMART
222 West Merchandise Mart Plaza
Chicago, Illinois
The second annual "Space To Be You" pod design contest will be announced in the summer of 2022.
For the past 50 years, NeoCon has been the standout event for the commercial design industry. Over 400 exhibitors will showcase new products and services relevant to the workplace, education, public spaces, healthcare and more.
About SnapCab
Since 1983, SnapCab has been a leader in developing workspace privacy solutions and elevator cab interiors that are flexible, high quality and safe to use in a variety of environments. SnapCab Workspace offers a flexible kit of parts that is designed with a customizable frame, panels, finishes, colors, furniture, accessories and more. These isolated pods for the open office are moveable, simple to clean and can be combined with the SnapCab Connects walls to transform any workplace.
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SOURCE SnapCab | https://www.wibw.com/prnewswire/2022/06/07/snapcab-reveal-first-annual-space-be-you-pod-design-contest-winner-pre-neocon-event-june-12/ | 2022-06-07T17:17:26Z |
"James Hoban: The Charleston Years"
WASHINGTON, May 27, 2022 /PRNewswire/ -- The White House Historical Association released a new episode of the 1600 Sessions podcast today, "James Hoban: The Charleston Years," which ponders hints and clues of the formative years of the ambitious young Irishman, who designed and built the White House.
In this episode, President of the White House Historical Association Stewart McLaurin and historic preservationist and White House Historical Association Next-Gen Leader Shea McEnerney explore the Southern seaport city of Charleston, South Carolina to uncover the influences and legacy of James Hoban.
Watch the full video of this podcast episode here.
"The study of James Hoban is a really beautiful marriage between architectural history and historic preservation," says McEnerney. "He was bringing with him a stylistic influence of the mechanics of architecture...on the other hand, he knew how to draft. At that time, that really was a nuance of ideas coming together in architectural education."
"This story of James Hoban, what he brought with him in his experience in Ireland, he refined and grew here in Charleston. And then he took with him to the federal city," says McLaurin. "It became his life's work."
The 1600 Sessions is available on iTunes, Google Play, Spotify, and Stitcher.
To hear the full episode, visit The1600sessions.org.
In this podcast series, White House Historical Association President Stewart McLaurin interviews luminaries, historians, and eyewitnesses to history about America's most famous residence and office—the White House. Each episode includes a prominent guest or guests to discuss varying facets of White House history, including insights from former staff and many other topical issues.
First Lady Jacqueline Kennedy envisioned a restored White House that conveyed a sense of history through its decorative and fine arts. In 1961, the White House Historical Association was established to support her vision to preserve and share the Executive Mansion's legacy for generations to come. Supported entirely by private resources, the Association's mission is to assist in the preservation of the state and public rooms, fund acquisitions for the White House permanent collection, and educate the public on the history of the White House. Since its founding, the White House Historical Association has contributed more than $50 million in fulfillment of its mission. To learn more about the White House Historical Association, please visit www.whitehousehistory.org.
Contact: press@whh.org
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SOURCE White House Historical Association | https://www.mysuncoast.com/prnewswire/2022/05/27/new-episode-1600-sessions-podcast/ | 2022-05-27T19:48:10Z |
WASHINGTON (NEXSTAR) – The United States could soon spend billions of dollars on semiconductor manufacturing. Lawmakers are weighing legislation to invest in the industry in ways that could have impacts on the economy and national security.
Congress is working on a deal to spend more than $50 billion in financial incentives for companies to build semiconductor plants. Sen. Mark Warner, D-Va., has been leading the push for that legislation.
“There’s probably no industry that is more critical to the overall health of the economy,” Warner said.
That’s because the chips are used in virtually every electronic from phones to cars to military equipment. It’s a category where Deputy Commerce Secretary Don Graves says the U.S. has fallen behind.
“The rest of the world is wooing away these companies that are really ready to make investments in the United States,” Graves said.
If lawmakers don’t pass something soon, there’s concern the U.S. will lose out entirely.
“We’re going to miss the boat,” Warner warned.
Both the House and the Senate have passed separate versions of the legislation, but still haven’t reached a final compromise. Lawmakers on both sides are hopeful that will happen before their August recess.
“I think we’ll find a path forward,” Warner said.
“We’ve got to get this done,” Sen. John Cornyn, R-Texas, said. “It is a national security imperative as well as an economic one.”
Senators are expected to vote on some version of the legislation next week.
Sen. Rick Scott, R-Fla., won’t be one of the lawmakers voting for it.
“I think it’s very important that we make semiconductor chips in America. This bill doesn’t do that,” Scott said. “In this bill, there’s no obligation to build plants in America. You can take this money and actually build plants wherever you want.”
The Biden administration insists if Congress can get this done, they will put those guardrails in place.
“We will be very focused on making sure that we are getting the best investment for the taxpayer’s dollar, that we’re getting the returns,” Graves said.
White House officials have been holding closed door meetings with lawmakers and publicly expressing urgency in an effort to push things forward.
“We’re creating good jobs out of this and we’re also making sure we don’t ever have to rely on other countries for a technology that is absolutely essential,” Graves said. | https://cw33.com/news/washington-dc-bureau/us-leaders-stress-urgency-in-push-to-pass-semiconductor-legislation/ | 2022-07-15T23:33:46Z |
New series of scanners provide fast, high-quality scanning for easy integration into a range of business environments from the home office to busy offices and workgroups
BRIDGEWATER, N.J., April 20, 2022 /PRNewswire/ -- Brother International Corporation, an industry leader in document and print solutions, today announced the availability of a new series of desktop scanners built to support the hybrid work environment – from home offices to corporate offices and busy workgroups. These high-speed, feature-rich desktop scanners help streamline the process of digitizing, organizing, and sharing documents – saving users time and enabling immediate access to important documents. Leveraged across a range of business industries, including financial, healthcare and education, Brother continues to provide solutions for customers and businesses of every size. An included three-year standard limited warranty on select models and lifetime at your side support adds peace of mind to ensure business and performance continues with limited downtime. The new series of scanners are also ENERGY STAR® compliant and EPEAT® Silver rated, providing an energy-efficient choice for business fleets and groups of all sizes.
To maximize efficiency, these new scanners offer enhanced productivity with reliable performance, easy integration into existing processes and systems with wide driver compatibility, versatile connectivity options, advanced image optimization features, and Triple Layer Security to help limit document and device access and protect against network intrusions. The Brother ADS-3100 and ADS-3300W high-speed desktop scanners are ideal for the small office and home office professionals that require a compact footprint. For higher volume scanning needs, the Brother ADS-4300N, ADS-4700W, and ADS-4900W professional desktop scanners are ideal for business workgroups looking for added functionality and features, including users in the healthcare, education, government, court systems, financial services, and legal space.
According to Forrester research1, less than 50% of survey respondents reported that their organizations' current document management infrastructure meets employees' current needs, and their preparedness drops below one-fifth when they consider what their employees will need in the future. As organizations evaluate the tools needed to power their document management strategies with print volumes continuing to decline, facilitating digital transformation initiatives is a top priority. With the introduction of the new Brother desktop scanners, users can streamline how documents are captured and converted into electronic images and files. Documents can be scanned to email, folders, or other applications for easy archiving, organization, and retrieval. These can then be shared between employees, departments, clients, remote office locations, work from home employees, and other organizations.
Clear the Clutter and Streamline Simple Workflow Applications
The Brother ADS-3100 and ADS-3300W High-Speed Desktop Scanners are designed to help small office, home office, or work from home users organize any workspace. Each model includes a robust software2 bundle valued at over $250 to optimize, enhance and customize documents and workflows, Hi-Speed USB 3.0 local connectivity and scan-to popular cloud services3.These devices feature fast, easy one-touch scanning, with multiple media paper handling capability with up to 40 pages per minute4 and a 60-page auto document feeder capacity for more scanning and less waiting, all in a compact footprint. The ADS-3300W also features a 2.8" color touchscreen for user-friendly one-touch control, wireless connectivity and mobile device scanning5.
Jacquie Hunter, Director, Product Marketing, Labeling and Scanners, Brother International Corporation noted, "document management and de-cluttering can be stressful for the home office professional, especially when running an independent business from a small or home office. With our newest series of scanners, Brother is addressing our customer needs where they are to simplify their work life so they can focus on what truly matters to them, regardless of their business or workspace size."
Improve Productivity and Efficiency in Business Environments
Designed for how work now works, the Brother ADS-4300N, ADS-4700W, and ADS-4900W offer business-class performance, as well as flexible connectivity options and easy integration into existing workflows. For greater productivity, these machines are equipped with a large capacity auto document feeder to help support higher scan volumes – 80-page capacity on the ADS-4300N and ADS-4700W, and 100-page capacity on the ADS-4900W. Featuring a 4.3" color touchscreen display on the ADS-4700W and ADS-4900W, customers can create over 56 customizable shortcuts for one-touch scanning to common destinations and scan job previews with ease. Ideal for busy offices and workgroups, customers can also scan-to a mobile device with AirPrint® and Brother Mobile Connect5. With support for a wide range of scan-to destinations and the ability to convert hard copy documents into Searchable PDFs and editable Word, Excel, and PowerPoint files, Brother professional desktop scanners can help simplify the way documents are captured, managed, processed, and delivered.
"The way we think of work, document management and digital transformation has evolved over the past two years and listening to the customer was imperative," stated Bob Burnett, Director of B2B Solutions Development and Planning, Brother International Corporation. "Our Brother series of desktop scanners enable workgroups and professionals, regardless of their size, to streamline workflows, create custom integrations and help cut down on costs, even in the healthcare and education spaces that saw many shifts in recent years. Making our customers lives easier and more productive remains a core focus at Brother with our at your side tagline, our desktop scanners are no exception."
The series will be available to purchase starting May 16, 2022, starting at $329.99. Prices set by retailers may vary. For more information, please visit Brother-usa.com/ads-desktop-scanners.
About Brother International Corporation
Brother International Corporation has earned its reputation as a premier provider of home office and business products, home appliances for the sewing and crafting enthusiast as well as industrial solutions that revolutionize the way we live and work. Brother International Corporation is a wholly owned subsidiary of Brother Industries Ltd. With worldwide sales exceeding $6 billion, this global manufacturer was started more than 100 years ago. Bridgewater, New Jersey is the corporate headquarters for Brother in the Americas. It has fully integrated sales, marketing services, manufacturing, research, and development capabilities located in the U.S. In addition to its headquarters, Brother has facilities in California, Illinois, and Tennessee, as well as subsidiaries in Canada, Brazil, Chile, Argentina, Peru, and Mexico. For more information, visit www.brother.com.
Disclaimers:
1 Forrester Consulting Opportunity Snapshot: A Custom Study, Commissioned by Brother International Corporation, June 2021: https://www.brother-usa.com/future-of-work
2 Additional download required. Software application compatibility may vary based on operating system. Application availability may vary based on country.
3 Requires an internet connection and an account with a desired service.
4 Color and monochrome scan speed with all advanced features turned off, LTR at 300dpi.
5 Requires connection to a wireless network.
Brother International Corporation Contact:
Ashley Guido
Manager, PR and Influencer Marketing
ashley.guido@brother.com
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SOURCE Brother International Corporation | https://www.wibw.com/prnewswire/2022/04/20/brother-unveils-high-performing-desktop-scanners-meet-evolving-customer-business-document-management-needs/ | 2022-04-20T18:16:29Z |
StarQuest Makes Moving to XStream Easy and Inexpensive for SQDR Customers
SAN FRANCISCO, July 21, 2022 /PRNewswire/ -- StarQuest today announced the company is now an Oracle Independent Software Vendor (ISV), able to help StarQuest Data Replicator (SQDR) customers easily move to Oracle XStream/GoldenGate.
SQDR has provided 'anywhere to anywhere' Data Replication and Change Data Capture (CDC) to customers worldwide for over 20 years. Accurate, fast, and low latency CDC is critical in many Extract, Transfer and Load (ETL) processes, including continuous Data Replication. The choice of CDC solution is critical to creating reliability and dependable data pipelines. It determines whether customers will have IT system failures, downtime, or business interruptions.
For data sourced from Oracle databases, SQDR has used Oracle's LogMiner technology for CDC, but can now also use XStream technology. Paul Rampel, StarQuest President explained, "Oracle users requiring advanced performance and security will eventually have to move to XStream for Data Replication/CDC, StarQuest has fully integrated XStream into the currently shipping version of SQDR and is making the move to XStream as easy and inexpensive as it can for SQDR customers. StarQuest is therefore delighted to work with Oracle as an Independent Software Vendor (ISV), and to distribute XStream licenses for use with SQDR."
Read the white paper now: Oracle Databases: The Past, Present, and Future of Data Replication and Change Data Capture
"We are thrilled StarQuest has selected Oracle's technology to give them a competitive advantage to power StarQuest Data Replicator," said Ashesh Parekh, Oracle Group Vice President. "We look forward to helping joint customers realize the benefits of StarQuest Data Replicator utilizing Oracle XStream technology."
- Performance - StarQuest benchmarking indicates throughput performance improvement of about 50% using XStream vs LogMiner. XStream therefore enables improved performance both in data capture and data movement.
- Security – Consistent approach to security throughout your Oracle infrastructure.
- Future Proof – Supported new features ensure non-disruptive use of new functionality and reliability.
LogMiner is included in every version of Oracle Database but XStream requires the purchase of additional Oracle GoldenGate (OGG) licenses. For customers looking to leverage the XStream API, StarQuest is now an Oracle ISV, authorized to distribute licenses to use XStream's high performance capabilities with StarQuest's SQDR product. These licenses can only be used with SQDR. Their cost is still based on the core count of the Oracle Source machine.
Contact us to discuss your exact situation but in general, the following costs apply:
License -- Oracle XStream license via StarQuest SDR
Core Counts: Source Cores only
License List Price: $4,000/Source Core
Maintenance Price: $1,000/annum (minimum two years)
*Limited Time Promotion - Existing SQDR customers qualify for a 50% discount on Oracle license orders placed with StarQuest or its resellers by September 30, 2022, with a 2-year maintenance term. Contact StarQuest for a personalized quote.
For the technical details, see this StarQuest whitepaper, Oracle Databases: The Past, Present, and Future of Data Replication and Change Data Capture, which explains the changes, the reasons for them, the risks customers face, and recommendations.
For over 20 years, StarQuest has provided cost-efficient solutions for maximum data agility. Designed to fit your budget, our solutions require no programming, and our customer service team has the expertise required for successful deployments.
Press Contact: Jessica Sheridan, StarQuest Ventures, Inc. Sales & Marketing Director
jsheridan@starquest.com
415.669.9619 ext. 305
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SOURCE StarQuest Ventures, Inc. | https://www.mysuncoast.com/prnewswire/2022/07/21/starquest-becomes-oracle-isv-now-distributing-goldengatexstream-licenses/ | 2022-07-21T14:20:58Z |
Hedge Against Inflation
(in U.S. dollars unless otherwise noted)
TORONTO, May 4, 2022 /PRNewswire/ - "I am pleased to announce another strong quarter demonstrating our high margin business", stated Paul Brink, President & CEO. "The portfolio benefited from strong precious metal, energy and iron ore prices. The Energy contribution was particularly strong, offset somewhat by lower precious metal deliveries. Total GEOs are on track to meet annual guidance. Our NSR and stream interests are inflation-proof and our G&A expenses are less than 3% of revenue. This allows revenue growth to translate directly into expanded earnings. Franco-Nevada is debt-free and is growing its cash balances. Our recent Asset Handbook highlighted good resource growth at our assets and we have a strong pipeline of precious metal opportunities."
Strong Financial Position
- No debt and $1.7 billion in available capital as at March 31, 2022
- Generated $230.6 million in operating cash flow for the quarter
- Quarterly dividend of $0.32/share
Sector-Leading ESG
- Ranked #1 gold company by Sustainalytics, AA by MSCI and Prime by ISS ESG
- Committed to the World Gold Council's "Responsible Gold Mining Principles"
- Partnering with our operators on community and ESG initiatives
- Goal of 40% diverse representation at the Board and top leadership levels as a group by 2025
Diverse, Long-Life Portfolio
- Most diverse royalty and streaming portfolio by asset, operator and country
- Core assets outperforming since time of acquisition
- Long-life reserves and resources
Growth and Optionality
- Acquisitions, mine expansions and new mines driving long-term growth
- Long-term optionality in gold, copper and nickel
- Strong pipeline of precious metal opportunities
For Q1 2022, we earned $338.8 million in revenue, up 9.7% from Q1 2021. The growth was primarily driven by higher realized oil and gas prices from our Energy assets and revenue from our Vale Royalty. These more than offset the decrease in Precious Metal revenue and resulted in 71.7% of our revenue being sourced from Precious Metal assets (55.4% gold, 12.1% silver, 4.2% PGM). Revenue was sourced 90.4% from the Americas (30.2% South America, 23.4% Central America & Mexico, 21.6% U.S. and 15.2% Canada).
Environmental, Social and Governance (ESG) Updates
During the quarter, we made further progress on our diversity goals with additional diverse representation through recruitment at the senior management level. We also published our fourth annual ESG report providing comprehensive emissions disclosure for our producing mining assets and our second year of TCFD and SASB-aligned disclosure. We continue to work with our partners on expanding our community contributions.
Portfolio Additions
- Acquisition of Caserones Royalty: Subsequent to quarter-end, on April 14, 2022, we agreed to acquire an effective 0.4582% NSR royalty on JX Nippon Mining and Metals Group's producing Caserones copper-molybdenum mine located in the Atacama Region of northern Chile for an aggregate purchase price of approximately $37.4 million. In connection with the royalty acquisition, we completed a $10.0 million private placement with EMX Royalty Corporation ("EMX"). EMX used the proceeds from the private placement to acquire an NSR on the Caserones mine on similar terms as Franco-Nevada.
- Acquisition of Additional Castle Mountain Royalty: Subsequent to quarter-end, on May 2, 2022, we acquired an existing 2% NSR on gold and silver produced from the Pacific Clay claims, which comprise a portion of the JSLA pit of Equinox Gold's Castle Mountain project in San Bernardino County, California, for $6.0 million. When combined with our 2.65% NSR on the broader Castle Mountain land position, we now have a 4.65% NSR on the Pacific Clay claims.
Q1 2022 Portfolio Updates
Precious Metal assets: GEOs from our Precious Metal assets were 128,627, compared to 145,969 GEOs sold in Q1 2021. Higher contributions from Guadalupe-Palmarejo and Candelaria were more than offset by lower deliveries from Hemlo, Antamina and Antapaccay.
South America:
- Candelaria (gold and silver stream) – GEOs delivered and sold increased in Q1 2022 compared to Q1 2021. Copper and gold production were higher than in the prior year quarter primarily due to better grades. Deliveries in Q1 2021 were also relatively low due to the timing of shipments.
- Antapaccay (gold and silver stream) – GEOs delivered and sold were lower in Q1 2022 compared to Q1 2021, due to anticipated lower than normal grades in 2022, as well as lower recoveries reflecting a temporarily elevated strip ratio.
- Antamina (22.5% silver stream) – GEOs delivered and sold were lower in Q1 2022 compared to Q1 2021. In the prior year period, we benefited from particularly strong silver production as well as a more favourable GEO conversion ratio. In mid-April 2022, Antamina applied for an amendment to its currently approved environment impact study. The primary scope is to extend mine life from 2028 to 2036 by increasing storage capacities for waste and tailings in their current locations.
- Cascabel (1% royalty) – In April 2022, SolGold released a prefeasibility study on the Cascabel project. The prefeasibility study mine plan targets the high grade core of the Alpala deposit with an initial Mineral Reserve of 558 million tonnes containing 3.3 million tonnes of copper at 0.58%, 9.4 million ounces of gold at 0.52 g/t and 30 million ounces of silver at 1.65 g/t over an initial 26-year mine life. SolGold plans to release a prefeasibility study addendum to include the Tandayama-America deposit in H2 2022 and a feasibility study in H2 2023.
- Posse (Mara Rosa) (1% royalty) – In April 2022, Hochschild Mining announced the completion of the acquisition of Amarillo Gold, including Amarillo's flagship Posse gold project, located in Brazil. Hochschild is targeting for construction to start in 2022, with production commencing in 2024.
Central America & Mexico:
- Cobre Panama (gold and silver stream) – GEOs sold were relatively consistent with those sold in Q1 2021. For Q1 2022, Cobre Panama delivered copper production of 78,337 tonnes and achieved a record mill throughput of 7.6 million tonnes in March. Copper production was marginally down from Q4 2021 on slightly lower throughput due to planned SAG mill relines. Lower head grade compared to the same period in Q1 2021 accounted for 5% lower copper production, but full-year grades are expected to be consistent with full year 2021.
- Guadalupe-Palmarejo (50% gold stream) – GEOs sold from Guadalupe-Palmarejo increased in Q1 2022 compared to the same quarter in 2021, owing to higher production from ground covered by the stream and higher mill throughput.
U.S.:
- Stillwater (5% royalty) – GEOs from Stillwater decreased compared to Q1 2021. Production has been impacted by operational challenges and restrictions following a fatality in June 2021. Sibanye-Stillwater is assessing the operational output to optimise for operational constraints and market conditions.
- Castle Mountain (2.65-4.65% royalties) – In 2021, Equinox Gold completed a feasibility study for a proposed Phase 2 expansion that is expected to increase average production to more than 200,000 ounces of gold annually, from 25,300 ounces produced in 2021. Equinox Gold submitted the Phase 2 permit amendment application in March 2022.
- Rosemont/Copper World (2.085% royalty) – Hudbay Minerals is expecting to complete a preliminary economic assessment contemplating the development of the Copper World deposits in conjunction with the Rosemont deposit in the first half of 2022.
- Stibnite (1.7% royalty) – Perpetua Resources announced that permitting continues to progress at its Stibnite Gold project and that it expects the U.S. Forest Service to publish a Supplemental Draft Environmental Impact Statement for public review and comment in early Q3 2022.
Canada:
- Detour Lake (2% royalty) – In Q1 2022, Agnico Eagle reported new high-grade intersections at Detour Lake confirming the existence of a broad and continuous corridor of mineralization with the system remaining open at depth. An updated life of mine plan is expected in H2 2022. Agnico Eagle is also evaluating the potential to expand operations to 32 million tonnes per year and develop an underground mining operation.
- Hemlo (3% royalty & 50% NPI) – Revenue from Hemlo was significantly lower than in Q1 2021 reflecting a decrease in production from ground where Franco-Nevada has royalty interests and higher operating costs which affected royalties under the NPI. Barrick expects improved underground activity in 2022.
- Brucejack (1.2% royalty) – In March 2022, Newcrest Mining completed the acquisition of Pretium and the Brucejack mine. Newcrest Mining is focused on exploring the near-mine, extensional and district scale opportunity across the Brucejack district.
- Kirkland Lake (1.5-5.5% royalty & 50% NPI) – Agnico Eagle reported that the focus at Macassa is on completing Shaft #4 infrastructure and ramping up production. Agnico Eagle is also evaluating the potential integration of the Amalgamated Kirkland ("AK") deposit with production potentially starting in 2024. Franco-Nevada has an effective 3.5% NSR on the AK claims.
- Canadian Malartic (1.5% royalty) – Production continues to transition from the Malartic pit to the Barnat pit. The Odyssey underground project, which is expected to extend the life of the complex to at least 2039, is progressing as planned with shaft sinking expected to begin in the fourth quarter of 2022. Infill and step-out drilling at the East Gouldie zone, where Franco-Nevada's royalty claims cover a portion of the deposit, support continuity and point to increased scale.
- Island Gold (0.62% royalty) – In April 2022, Alamos Gold reported that the Ontario Government had approved the Closure Plan Amendment for the Phase III Expansion which allows for the commencement of construction activities. An optimized mine plan is expected to be released mid-2022 and completion of the Phase III expansion is expected in 2025.
- Ring of Fire (1-3% royalties) – In April 2022, Wyloo completed its acquisition of Noront. In addition to owning several royalties over Wyloo's property, Franco-Nevada also has a loan receivable from Noront that had a contractual maturity date of September 30, 2022. Subsequent to Q1 2022, following the change of control, we elected for repayment of the loan and received $42.7 million on May 4, 2022.
- Valentine Lake (2% royalty) – In April 2022, Marathon Gold reported that, upon receipt of final regulatory approvals and site permits, it intends to start early works activities in Q3 2022, supporting a schedule for first gold production in late 2024. A new technical report is also being prepared for Q4 2022. Marathon Gold continues to report positive exploration results at the Berry and Victory deposits.
- Eskay Creek (1% royalty) – In March 2022, Skeena Resources announced further drilling results from the 2021 regional and near mine exploration programs at Eskay Creek including the 21A West Zone expansion discovery.
Rest of World:
- Karma (4.875% gold stream) – In March 2022, Endeavour Mining sold its 90% interest in Karma to Néré Mining.
- Duketon (2% royalty) – Development of the Garden Well South underground mine continues to progress, with commissioning of the primary pump station and first ore delivered during Q1 2022 and stoping in late Q2 2022.
- Aphrodite (2.5% royalty) – In April 2022, St Barbara announced the completion of its acquisition of Bardoc Gold. The acquisition is expected to advance the development of the Bardoc Gold project, which encompasses the Aphrodite underground deposit, located in Western Australia.
- Séguéla (1.2% royalty) - In March 2022, Fortuna Silver Mines announced a maiden Inferred Mineral Resource estimate for the satellite Sunbird discovery of 3.4 million tonnes at an average grade of 3.16 g/t gold containing 350,000 gold ounces.
Diversified assets: Our Diversified assets, primarily comprising our Iron Ore and Energy interests, generated $96.0 million in revenue, up from $51.7 million in Q1 2021. The increase is primarily due to higher realized oil and gas prices and the addition of the Vale Royalty in April 2021.
Iron Ore:
- Vale Royalty (iron ore royalty) – We recorded $16.8 million in revenue from our Vale Royalty. Revenue recorded in Q1 2022 included $4.5 million of royalty payments related to the H2 2021 production period, reflecting retroactive volume adjustments and higher realized prices. As the royalty was acquired in April 2021, there is no revenue in the comparative period.
- LIORC – LIORC declared a cash dividend of C$0.50 per common share, compared to C$1.00 per common share in Q1 2021, reflecting lower iron ore prices. Iron Ore Company of Canada ("IOC") reported increased capital expenditures to upgrade existing infrastructure at the Carol Lake mine.
Energy:
- Marcellus (1% royalty) – Revenue from the Marcellus asset increased compared to Q1 2021. Production was relatively consistent compared to the prior-year period, but revenues benefited from significantly higher NGL and natural gas prices.
- Haynesville (various royalty rates) – Revenue from the Haynesville portfolio increased compared to Q1 2021, reflecting current high NGL and natural gas prices.
- SCOOP/STACK (various royalty rates) – Revenue from the SCOOP/STACK increased compared to Q1 2021 due to slightly higher production from our royalties acquired through the Royalty Acquisition Venture with Continental, as well as higher prices.
- Permian Basin (various royalty rates) – Revenue from the Permian basin increased compared to Q1 2021. The increase in revenue in the current period reflects higher realized prices, while volumes were relatively consistent with those produced in the prior year period.
- Weyburn (NRI, ORR, WI) – Revenue from the Weyburn Unit was significantly higher compared to Q1 2021, reflecting the increase in commodity prices and the operating leverage of our NRI.
Dividend Declaration
Franco-Nevada is pleased to announce that its Board of Directors has declared a quarterly dividend of $0.32 per share. The dividend will be paid on June 30, 2022 to shareholders of record on June 16, 2022 (the "Record Date"). The Canadian dollar equivalent is to be determined based on the daily average rate posted by the Bank of Canada on the Record Date. Under Canadian tax legislation, Canadian resident individuals who receive "eligible dividends" are entitled to an enhanced gross-up and dividend tax credit on such dividends.
The Company has a Dividend Reinvestment Plan (the "DRIP"). Participation in the DRIP is optional. The Company will issue additional common shares through treasury at a 3% discount to the Average Market Price, as defined in the DRIP. However, the Company may, from time to time, in its discretion, change or eliminate the discount applicable to treasury acquisitions or direct that such common shares be purchased in market acquisitions at the prevailing market price, any of which would be publicly announced. The DRIP and enrollment forms are available on the Company's website at www.franco-nevada.com. Canadian and U.S. registered shareholders may also enroll in the DRIP online through the plan agent's self-service web portal at www.investorcentre.com/franco-nevada. Canadian and U.S. beneficial shareholders should contact their financial intermediary to arrange enrollment. Non-Canadian and non-U.S. shareholders may potentially participate in the DRIP, subject to the satisfaction of certain conditions. Non-Canadian and non-U.S. shareholders should contact the Company to determine whether they satisfy the necessary conditions to participate in the DRIP.
This press release is not an offer to sell or a solicitation of an offer for securities. A registration statement relating to the DRIP has been filed with the U.S. Securities and Exchange Commission and may be obtained under the Company's profile on the U.S. Securities and Exchange Commission's website at www.sec.gov.
Shareholder Information
The complete unaudited Condensed Consolidated Financial Statements and Management's Discussion and Analysis can be found on our website at www.franco-nevada.com, on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.
Management will host a conference call tomorrow, Thursday, May 5, 2022 at 10:00 a.m. Eastern Time to review Franco‑Nevada's Q1 2022 results.
Interested investors are invited to participate as follows:
- Via Conference Call: Toll-Free: (888) 390-0546; International: (416) 764-8688
- Conference Call Replay until May 12, 2022: Toll-Free (888) 390-0541; International (416) 764-8677; Code 255229 #
- Webcast: A live audio webcast will be accessible at www.franco-nevada.com
Corporate Summary
Franco-Nevada Corporation is the leading gold-focused royalty and streaming company with the largest and most diversified portfolio of cash-flow producing assets. Its business model provides investors with gold price and exploration optionality while limiting exposure to cost inflation. Franco-Nevada is debt-free and uses its free cash flow to expand its portfolio and pay dividends. It trades under the symbol FNV on both the Toronto and New York stock exchanges. Franco-Nevada is the gold investment that works.
Forward-Looking Statements
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995, respectively, which may include, but are not limited to, statements with respect to future events or future performance, management's expectations regarding Franco-Nevada's growth, results of operations, estimated future revenues, performance guidance, carrying value of assets, future dividends and requirements for additional capital, mineral reserve and mineral resource estimates, production estimates, production costs and revenue, future demand for and prices of commodities, expected mining sequences, business prospects and opportunities, the performance and plans of third party operators, audits being conducted by the Canada Revenue Agency, the expected exposure for current and future assessments and available remedies, the remedies relating to and consequences of the ruling of the Supreme Court of Panama in relation to the Cobre Panama project, the aggregate value of Common Shares which may be issued pursuant to the Company's at-the-market equity program (the "ATM Program"), and the Company's expected use of the net proceeds of the ATM Program, if any. In addition, statements (including data in tables) relating to reserves and resources including reserves and resources covered by a royalty, stream or other interest, GEOs or mine lives are forward-looking statements, as they involve implied assessment, based on certain estimates and assumptions, and no assurance can be given that the estimates and assumptions are accurate and that such reserves and resources, mine lives and GEOs will be realized. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "potential for", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Franco-Nevada to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. A number of factors could cause actual events or results to differ materially from any forward-looking statement, including, without limitation: the price at which Common Shares are sold in the ATM Program and the aggregate net proceeds received by the Company as a result of the ATM Program; fluctuations in the prices of the primary commodities that drive royalty and stream revenue (gold, platinum group metals, copper, nickel, uranium, silver, iron-ore and oil and gas); fluctuations in the value of the Canadian and Australian dollar, Mexican peso and any other currency in which revenue is generated, relative to the U.S. dollar; changes in national and local government legislation, including permitting and licensing regimes and taxation policies and the enforcement thereof; the adoption of a global minimum tax on corporations; regulatory, political or economic developments in any of the countries where properties in which Franco-Nevada holds a royalty, stream or other interest are located or through which they are held; risks related to the operators of the properties in which Franco-Nevada holds a royalty, stream or other interest, including changes in the ownership and control of such operators; relinquishment or sale of mineral properties; influence of macroeconomic developments; business opportunities that become available to, or are pursued by Franco-Nevada; reduced access to debt and equity capital; litigation; title, permit or license disputes related to interests on any of the properties in which Franco-Nevada holds a royalty, stream or other interest; whether or not the Company is determined to have "passive foreign investment company" ("PFIC") status as defined in Section 1297 of the United States Internal Revenue Code of 1986, as amended; potential changes in Canadian tax treatment of offshore streams; excessive cost escalation as well as development, permitting, infrastructure, operating or technical difficulties on any of the properties in which Franco-Nevada holds a royalty, stream or other interest; access to sufficient pipeline capacity; actual mineral content may differ from the reserves and resources contained in technical reports; rate and timing of production differences from resource estimates, other technical reports and mine plans; risks and hazards associated with the business of development and mining on any of the properties in which Franco-Nevada holds a royalty, stream or other interest, including, but not limited to unusual or unexpected geological and metallurgical conditions, slope failures or cave-ins, flooding and other natural disasters, terrorism, civil unrest or an outbreak of contagious disease; the impact of the COVID-19 (coronavirus) pandemic; and the integration of acquired assets. The forward-looking statements contained in this press release are based upon assumptions management believes to be reasonable, including, without limitation: the ongoing operation of the properties in which Franco-Nevada holds a royalty, stream or other interest by the owners or operators of such properties in a manner consistent with past practice; the accuracy of public statements and disclosures made by the owners or operators of such underlying properties; no material adverse change in the market price of the commodities that underlie the asset portfolio; the Company's ongoing income and assets relating to determination of its PFIC status; no material changes to existing tax treatment; the expected application of tax laws and regulations by taxation authorities; the expected assessment and outcome of any audit by any taxation authority; no adverse development in respect of any significant property in which Franco-Nevada holds a royalty, stream or other interest; the accuracy of publicly disclosed expectations for the development of underlying properties that are not yet in production; integration of acquired assets; and the absence of any other factors that could cause actions, events or results to differ from those anticipated, estimated or intended. However, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Investors are cautioned that forward-looking statements are not guarantees of future performance. In addition, there can be no assurance as to the outcome of the ongoing audit by the CRA or the Company's exposure as a result thereof. Franco-Nevada cannot assure investors that actual results will be consistent with these forward-looking statements. Accordingly, investors should not place undue reliance on forward-looking statements due to the inherent uncertainty therein.
For additional information with respect to risks, uncertainties and assumptions, please refer to Franco-Nevada's most recent Annual Information Form filed with the Canadian securities regulatory authorities on www.sedar.com and Franco-Nevada's most recent Annual Report filed on Form 40-F filed with the SEC on www.sec.gov. The forward-looking statements herein are made as of the date of this press release only and Franco-Nevada does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law.
ENDNOTES:
- GEOs: Starting in Q4 2021, revenue from Franco-Nevada's Energy assets is included in the calculation of GEOs. GEOs for comparative periods have been recalculated to conform with the current presentation. GEOs include Franco-Nevada's attributable share of production from our Mining and Energy assets after applicable recovery and payability factors. GEOs are estimated on a gross basis for NSR royalties and, in the case of stream ounces, before the payment of the per ounce contractual price paid by the Company. For NPI royalties, GEOs are calculated taking into account the NPI economics. Silver, platinum, palladium, iron ore, oil, gas and other commodities are converted to GEOs by dividing associated revenue, which includes settlement adjustments, by the relevant gold price. The price used in the computation of GEOs earned from a particular asset varies depending on the royalty or stream agreement, which may make reference to the market price realized by the operator, or the average price for the month, quarter, or year in which the commodity was produced or sold. For Q1 2022, the average commodity prices were as follows: $1,874/oz gold (Q1 2021 - $1,794), $24.00/oz silver (Q1 2021 - $26.26), $1,041/oz platinum (Q1 2021 - $1,161) and $2,423/oz palladium (Q1 2021 - $2,405), $142/t Fe 62% CFR China (Q1 2021 - $166), $94.29/bbl WTI oil (Q1 2021 - $57.84) and $4.57/mcf Henry Hub natural gas (Q1 2021 - $2.73).
- NON-GAAP FINANCIAL MEASURES: Adjusted Net Income and Adjusted Net Income per share, Adjusted EBITDA and Adjusted EBIDA per share, and Margin are non-GAAP financial measures with no standardized meaning under International Financial Reporting Standards ("IFRS") and might not be comparable to similar financial measures disclosed by other issuers. For a quantitative reconciliation of each non-GAAP financial measure to the most directly comparable IFRS financial measure, refer to the following tables. Further information relating to these Non-GAAP financial measures is incorporated by reference from the "Non-GAAP Financial Measures" section of Franco-Nevada's MD&A for the the three months ended March 31, 2022 dated May 4, 2022 filed with the Canadian securities regulatory authorities on SEDAR available at www.sedar.com and with the U.S. Securities and Exchange Commission available on EDGAR at www.sec.gov.
Reconciliation of Non-GAAP Financial Measures:
FRANCO-NEVADA CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
(in millions of U.S. dollars)
The condensed consolidated financial statements and accompanying notes can be found in our Q1 2022 Quarterly Report available on our website
FRANCO-NEVADA CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)
(in millions of U.S. dollars and shares, except per share amounts)
The condensed consolidated financial statements and accompanying notes can be found in our Q1 2022 Quarterly Report available on our website
FRANCO-NEVADA CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in millions of U.S. dollars)
The condensed consolidated financial statements and accompanying notes can be found in our Q1 2022 Quarterly Report available on our website
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SOURCE Franco-Nevada Corporation | https://www.mysuncoast.com/prnewswire/2022/05/04/franco-nevada-reports-strong-q1-results/ | 2022-05-04T22:04:38Z |
- WELL experienced record revenues in May 2022 driven by a 40% YoY increase in total omni-channel patient visits(1) for the month
- WELL's US focused virtual patient services businesses continue to grow rapidly, with Circle Medical and Wisp exceeding $110 million in annualized revenue run-rate on a combined basis in May 2022, reflecting over 150% YoY growth and delivering positive Adjusted EBITDA(2)
- WELL provides progress update on its recent CognisantMD acquisition which continues to grow profitably and exceed plan expectations
- WELL reaffirms its expectation to exceed $525 million in revenue for 2022, as well as approaching $100 million in Adjusted EBITDA(2)
- WELL will be releasing its inaugural ESG report on June 17th, and has committed to achieving at least 33% female representation on its Board of Directors by the end of 2022
VANCOUVER, BC, June 10, 2022 /PRNewswire/ - WELL Health Technologies Corp. (TSX: WELL) ("WELL" or the "Company"), a digital health company focused on positively impacting health outcomes by leveraging technology to empower healthcare practitioners and their patients globally, is pleased provide a business update for May 2022.
WELL achieved a total of 260,337 omni-channel patient visits(1) in May 2022, representing a year-over-year increase of 40% compared to May 2021. Combining WELL's omni-channel patient visits(1), MyHealth's diagnostic visits and Wisp's asynchronous patient consultations, WELL achieved a total of 311,739 patient interactions in May 2022, a record month for the Company. WELL also reaffirms the Company is on track to meet the previously stated guidance of over $525 million in revenue and approaching $100 million in Adjusted EBITDA(2) for the full year 2022.
"Both April and May have thus far reflected record revenue performances for WELL and setting the stage for a strong fiscal Q2 performance. Our revenue growth continues to be resilient while we leverage structural advantages in our business as the largest owner operator of outpatient clinics in Canada and one of the largest providers of virtual care services in Canada and a rapidly emerging provider in the United States.", said Hamed Shahbazi, Chairman and CEO of WELL. "Patient visits continue to be a strong leading indicator for WELL's business, and we continue to see significant growth on a sequential and year-over-year basis. Between our balanced focus on growth and profitability and the additional cash on our balance sheet, we are in a fantastic position to be opportunistic in the market and generate long term value for our shareholders."
WELL's US-based virtual patient services businesses, which includes Circle Medical and Wisp, continued to demonstrate robust growth in May 2022. Preliminary results of the two businesses generated positive Adjusted EBITDA(2) and a combined revenue run-rate exceeding $110 million. It is expected that the combined businesses will exceed $130 million on a run-rate basis later this year. Circle Medical's YoY growth in May 2022 was driven by patient visits increasing 484%. Similarly, Wisp's growth in May 2022 was driven by a 55% YoY increase in asynchronous patient consultations, driving significant incremental e-pharmacy revenue.
WELL's subsidiary CognisantMD (or "Ocean" platform) has experienced impressive growth with significant uptake in eReferrals and eConsults, addressing the strong provincial demand for solutions to surgical wait time increases driven by COVID. The platform is now supporting over 45,000 monthly patient referrals and consults in Ontario and Nova Scotia, with additional expansion expected in the coming months. Additional highlights are as follows:
- 1800+ physicians are using online booking on Ocean which equates to about 2.6M Canadians having access to online booking.
- 5800+ physicians are using secure patient messaging on Ocean, making it easier for patients to connect with their healthcare provider.
- 640,000+ eReferrals and eConsults have been sent on Ocean, with real-time updates for patients. This improves transparency and reduces wait times for patient care.
These figures are expected to accelerate as Ocean continues to become the preferred e-referral tool for public health authorities seeking a robust and proven solution.
WELL is also pleased to announce that the Company will be launching its inaugural ESG report in time for the Annual Shareholder's meeting that is taking place June 17th, 2022. This report, created with thought leadership from its internal team supported by its professional consultants, will provide details regarding ESG initiatives that WELL undertook in 2021, with a view into 2022 and beyond. The report will also provide further evidence of WELL's commitment to positively impacting the healthcare sector and creating societal value for patients, practitioners, and team members overall.
Diversity is highlighted in the ESG report and is an invaluable strength at WELL. Currently WELL has 70% of our Senior Executive team representing a visible minority. Furthermore, WELL is committed to achieving at least 33% female representation on its board by the end of 2022.
Footnotes:
Per: "Hamed Shahbazi"
Hamed Shahbazi
Chief Executive Officer, Chairman and Director
WELL is a technology enabled healthcare company whose overarching objective is to positively impact health outcomes to empower and support healthcare practitioners and their patients. WELL has built an innovative practitioner enablement platform that includes comprehensive end to end practice management tools inclusive of virtual care and digital patient engagement capabilities as well as Electronic Medical Records (EMR), Revenue Cycle Management (RCM) and data protection services. WELL uses this platform to power healthcare practitioners both inside and outside of WELL's own omni-channel patient services offerings. As such, WELL owns and operates Canada's largest network of outpatient medical clinics serving primary and specialized healthcare services and is the provider of a leading multi-national, multi-disciplinary telehealth offering. WELL is publicly traded on the Toronto Stock Exchange under the symbol "WELL" and on OTCQX under the symbol "WHTCF". To learn more about the Company, please visit: www.well.company.
This news release may contain "Forward-Looking Information" within the meaning of applicable Canadian securities laws, including, without limitation: information regarding the Company's goals, strategies and growth plans; including but not limited to Circle Medical and Wisp revenues exceeding $110 million in annualized revenue run-rate on a combined basis and to exceed $130 million later in 2022 and the Company's expectation to exceed $525 million in revenue for 2022, as well as approaching $100 million in Adjusted EBITDA. Forward-Looking Information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. Forward-looking generally can be identified by the use of forward-looking words such as "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause future results, performance, or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking and the forward-looking statements are not guarantees of future performance. WELL's statements expressed or implied by these forward-looking statements are subject to a number of risks, uncertainties, and conditions, many of which are outside of WELL 's control, and undue reliance should not be placed on such statements. Forward-looking information is qualified in its entirety by inherent risks and uncertainties, including: direct and indirect material adverse effects from the COVID-19 pandemic; adverse market conditions; risks inherent in the primary healthcare sector in general; regulatory and legislative changes; that future results may vary from historical results; inability to obtain any requisite future financing on suitable terms; any inability to realize the expected benefits and synergies of acquisitions; that market competition may affect the business, results and financial condition of WELL and other risk factors identified in documents filed by WELL under its profile at www.sedar.com, including its most recent Annual Information Form. Except as required by securities law, WELL does not assume any obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise.
This news release contains future-oriented financial information and financial outlook information (collectively, "FOFI") about estimated annual run-rate revenue and Adjusted EBITDA, all of which are subject to the same assumptions, risk factors, limitations, and qualifications as set out in the above paragraph. The actual financial results of WELL may vary from the amounts set out herein and such variation may be material. WELL and its management believe that the FOFI has been prepared on a reasonable basis, reflecting management's best estimates and judgments. However, because this information is subjective and subject to numerous risks, it should not be relied on as necessarily indicative of future results. Except as required by applicable securities laws, WELL undertakes no obligation to update such FOFI. FOFI contained in this news release was made as of the date hereof and was provided for the purpose of providing further information about WELL's anticipated future business operations on an annual basis. Readers are cautioned that the FOFI contained in this news release should not be used for purposes other than for which it is disclosed herein.
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SOURCE WELL Health Technologies Corp. | https://www.kxii.com/prnewswire/2022/06/10/well-health-provides-business-update-reflecting-record-revenues-may-setting-stage-strong-q2/ | 2022-06-10T11:22:22Z |
Company's commitment to product innovation and trusted partnership shows in honors based on real-world customer reviews on TrustRadius
WASHINGTON, Aug. 4, 2022 /PRNewswire/ -- ChurnZero, a leading Customer Success platform, today announced that it has been recognized for its leadership in the customer success sector by TrustRadius, one of the most trusted research and review platforms for business leaders to find and select the right software for their needs. More specifically, ChurnZero has won two Summer 2022 Best of Awards in the Customer Success software category, earning honors for Best Relationship and Best Feature Set.
"ChurnZero has won a Summer Best of Award for both Best Feature Set and Best Relationship in the Customer Success software category," said Megan Headley, vice president of research at TrustRadius. "These awards are based entirely on feedback from their customers. Ninety-six percent of reviewers said they were happy with ChurnZero's feature set."
These separate recognitions together underscore the unique value ChurnZero provides in the market, bringing together enterprise-class technology and trusted partnership to enable Customer Success teams to drive revenue and improve the customer experience. The company is able to deliver such a differentiated and valuable experience to its customers in large part due to the tight alignment of its own Customer Success and product teams. Under the leadership of recently appointed Chief Customer Officer Allison Tiscornia and Chief Product Officer Abby Hammer, ChurnZero responds to customer needs with innovation, then leads customers to value through engagement and coaching in a cycle of ever-increasing benefits and returns. ChurnZero responds to customer needs with innovation, then leads customers to value through engagement and coaching in a cycle of ever-increasing benefits and returns.
Due to economic uncertainty, many subscription-based businesses are putting extra focus and resources on Customer Success, ChurnZero helps them use customer data to get ahead of expansion opportunities and identify potential churn risks early. Customers report achieving significant increases in net revenue retention, user adoption, customer lifetime values, and Net Promoter Scores. The company continues to hire to support the growing demand for its solutions, as well as the education and advancement of the nascent Customer Success industry.
"Customer Success is still largely an underappreciated function in many businesses, yet they are the teams that are going to have the most impact on a business, especially during economic volatility," said You Mon Tsang, ChurnZero CEO and co-founder. "With all eyes on retention, Customer Success is in the spotlight. We will continue to give our customers everything they need to increase efficiency, drive revenue and deliver the best possible experience. And to us that means a feature-rich platform and an ongoing partnership. These TrustRadius awards show our customers value this approach which motivates our entire time to continue delivering for our customers."
The Summer 2022 Best Relationship Award highlights companies that provide their customers with accurate implementation expectations, solid follow-through on sales and marketing promises, and provide enough ROI to buy the program again, while the Best Feature Set Award recognizes companies with outstanding feature sets that have gone above and beyond to delight their users. Winners had to rank in the top three positions of their category by the percentage of positive responses they earned. Additional vetting and analysis when needed were performed by the TrustRadius research team.
Learn more about ChurnZero.
ChurnZero is a recognized leader in Customer Success dedicated to helping subscription businesses succeed at scale. The company is known for its powerful, enterprise-class Customer Success platform and ongoing partnership with its customers to ensure they get everything they need to improve efficiency, increase revenue, and deliver the best possible customer experiences.
Through the platform, Customer Success teams can spot potential churn risks early and identify renewal and expansion opportunities. Best-in-class automation and in-app communication make it easy to engage with customers and lead them to value.
As Customer Success professionals serving Customer Success professionals, the ChurnZero team prides itself on being trusted partners, consultants, and coaches, so customers can focus on the work that matters to grow their businesses.
Founded in 2015, ChurnZero is a remote-first company with headquarters in Washington, D.C., and an office in Amsterdam.
Contact
Heather Philbin
pr@churnzero.com
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SOURCE ChurnZero | https://www.wibw.com/prnewswire/2022/08/04/churnzero-recognized-best-feature-set-relationships-customer-success-software/ | 2022-08-04T13:17:05Z |
DALLAS (KDAF) — If you need a cute pick-me-up for today, It’s National Donut Day! Don’t like donuts? How about adorable zoo animals?
Dallas Zoo has announced the addition of two new baby Emperor Tamarin twins and they are some of the cutest animals you will ever see.
“They were born on May 13 to new mom Lettie (pictured with them here), and experienced dad Roger,” zoo officials said in a tweet. You can see them at the Tamarin Treetops habitat soon. | https://cw33.com/news/local/cute-dallas-zoo-welcomes-new-baby-emperor-tamarin-monkey-twins-on-twitter/ | 2022-06-03T17:07:52Z |
Manatee County Commissioner George Kruse charged with DUI after April 20 crash
MANATEE COUNTY, Fla. (WWSB) - The State Attorney’s Office has charged Manatee County Commissioner George Kruse with DUI following a controversial crash in April.
The case involved a single-vehicle crash April 20 on Greyhawk Boulevard in Bradenton, in which Kruse’s pickup truck hit a tree. A Manatee County Sheriff’s deputy on scene described Kruse immediately after the crash as “in an overall confused state.”
The police report noted Kruse’s vehicle collision alert system automatically called 911 after the impact and began recording conversations in the moments after the crash. Kruse’s wife, Jessica Kruse, arrived at the scene before deputies. In the 911 call recording, she is heard trying to get Kruse out of the vehicle. She refuses to give her location to 911 dispatchers and says, “We’re good” and that they don’t need deputies to respond.
“I reviewed the 911 chronology log and found that a male was in the vehicle immediately after the crash and sounded intoxicated. He was slurring his words and not responding at times,” the report said.
Following the crash, ABC7 caught up with Kruse at a special commissioner meeting.
“This was a personal careless driving that someone is trying to turn a civil case into something more,” said Kruse. “It’s not, I’m not going to get into people’s political leanings and what they are attempting to do this is a witch hunt.”
A heavily redacted incident sheet from the Manatee County Sheriff’s Office does not show much information on the incident.
“I got a citation, I admit to the citation,” said Kruse. “What’s done is done, it’s two weeks later, it was an entire week it all went away, then someone decided to make something out of it, that’s it.” Kruse had agreed to attend traffic school after receiving a citation for reckless driving.
The Manatee County Sheriff’s Office handed over the investigation to the State Attorney’s Office.
The arraignment is scheduled for July 19, 2022, and in accordance with applicable Florida law, a summons will be issued for George K. Kruse. The State Attorney’s Office will not be making any comments while this case is pending.
A spokesperson from Manatee County tells ABC7, “ This is a matter for Commissioner Kruse. It is not a Manatee County Issue.”
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/06/22/manatee-county-commissioner-george-kruse-charged-with-dui-after-april-20-crash/ | 2022-06-22T21:03:59Z |
ST. HELENA, Calif., July 12, 2022 /PRNewswire/ -- Foreword Publicity announces the release of Mickey on the Move Farming, written by Michelle Wagner.
Mickey in the Move Farming (Mascot Books), is the second book in the Mickey on the Move series. Both charming tales juxtapose information on hearing loss technology and implants with the emphasis that Mickey is leading his best life.
The latest book focuses on how Mickey can enjoy the great outdoors without the weather dampening his day, thanks to advances in cochlear implant technology.
After discovering her son Mickey was profoundly deaf in both ears, Wagner made it her mission to help him thrive. This included bilateral cochlear implant surgery when Mickey was 3-years-old. Inspired by her son's hearing journey, Wagner wrote the series to help break the stigma associated with hearing loss.
"Mickey does not let his deafness define or stop him," said Wagner, who has donated hundreds of books to elementary schools in her hometown of St. Helena. "Though kids with hearing loss may require special technology or accommodations, they are no different than anyone else."
Wagner is donating 100 percent of proceeds from the sale of Mickey on the Move Farming to the Joyful Life Cochlear Implant Fund (JLCIF), a nonprofit that provides product financial support and confidence coaching to cochlear implant recipients.
"Michelle's generous donation will help ensure that additional cochlear implant recipients will remain able to hear with their cochlear implant technology," said Angela Irwin, founder and executive director of JLCIF.
Mickey on the Move Farming is the recipient of the Family Choice Award, Literary Titan Award and the Pinnacle Award. The book has received glowing reviews from prestigious platforms such as Readers' Favorite, Literary Titan and Midwest Book Review.
Wagner is a full-time realtor and mom who dedicates her time and energy to charities and events supporting children with hearing loss. She takes pride in assisting families as they work through different approaches to raising a special needs child in a typical environment.
Connect with Wagner on Facebook or Instagram, or visit her website.
Mickey on the Move Farming (978-1637552421) is available on Amazon, Barnes & Noble, Target, and wherever books are sold. Find the accompanying ebook and audiobooks on Amazon.
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SOURCE Foreword Publicity | https://www.wibw.com/prnewswire/2022/07/12/california-mom-writes-second-childrens-book-inspired-by-son-with-profound-hearing-loss-proceeds-benefit-cochlear-implant-patients/ | 2022-07-12T16:37:14Z |
JOHANNESBURG, Aug. 31, 2022 /PRNewswire/ -- The following reports covering Sasol's financial year ended 30 June 2022 have been published on the Sasol website:
- Integrated Report;
- Sustainability Report;
- Climate Change Report;
- Annual financial statements; and
- Annual report on Form 20-F.
Sasol's annual financial statements for the year ended 30 June 2022, on which PricewaterhouseCoopers Inc. expressed an unmodified opinion, were published on 23 August 2022.
Sasol's annual report on Form 20-F, which includes the annual financial statements for the year ended 30 June 2022 and contain no changes to the version published on 23 August 2022, was filed with the United States (US) Securities and Exchange Commission (SEC) today and is available on the SEC's website at https://www.sec.gov/.
Copies of all the aforementioned reports can be obtained free of charge by downloading copies from the Company's website, https://www.sasol.com/investor-centre or by requesting copies from Sasol Investor Relations by means of either:
- an e-mail to investor.relations@sasol.com; or
- written correspondence posted to Private Bag X10014, Sandton, South Africa.
For further information, please contact:
Sasol Investor Relations,
Tiffany Sydow, Investor Relations Officer
Telephone: +27 (0) 71 673 1929
investor.relations@sasol.com
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SOURCE Sasol Limited | https://www.wibw.com/prnewswire/2022/08/31/publication-sasols-suite-annual-reports/ | 2022-08-31T18:00:09Z |
NEWPORT, R.I., July 26, 2022 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (Nasdaq: PANL), a global provider of comprehensive maritime logistics solutions, today announced that it will release its second quarter 2022 financial results after market hours on Tuesday, August 9, 2022, along with an accompanying presentation that will be available with our Securities and Exchange Commission filing.
The company will host a teleconference to discuss the Company's second quarter 2022 financial results, including a question-and-answer session with management, at 8:00 a.m. ET on Wednesday, August 10, 2022.
To access the teleconference, please dial 800-343-5172 (domestic) or 785-424-1699 (international) approximately ten minutes before the teleconference's scheduled start time and reference Conference ID: PANLQ222.
A recording of the call will also be available for one week following the teleconference and will be accessible by calling 800-938-2490 (domestic) or 402-220-9028 (international).
About Pangaea Logistics Solutions Ltd.
Pangaea Logistics Solutions Ltd. provides logistics services to a broad base of industrial customers who require the transportation of a wide variety of dry bulk cargoes, including grains, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The Company addresses the transportation needs of its customers with a comprehensive set of services and activities, including cargo loading, cargo discharge, vessel chartering, and voyage planning. Learn more at www.pangaeals.com.
Contacts
Investor Relations Contacts
Emily Blum
Prosek Partners
973-464-5240
eblum@prosek.com
Gianni Del Signore
Pangaea Logistics Solutions Ltd.
401-846-7790
Investors@pangaeals.com
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SOURCE Pangaea Logistics Solutions Ltd. | https://www.mysuncoast.com/prnewswire/2022/07/26/pangaea-logistics-solutions-ltd-report-second-quarter-2022-results/ | 2022-07-26T21:03:49Z |
BEIJING (AP) — A Chinese passenger jet left the runway upon takeoff and caught fire in western China on Thursday morning, and several people were injured.
Tibet Airlines said it happened at 8:09 a.m. (0009 GMT) as the flight to the city of Nyingchi in the Tibetan Autonomous Region was preparing to take off from the western city of Chongqing.
The Airbus A319-115 jet had 113 passengers and nine flight crew onboard, all of whom were safely evacuated with some taken to a hospital with minor injuries, the airline said in an statement.
The plane itself had fire damage, it said.
“In the process of taking off, the flight crew discovered an abnormality with the aircraft and stopped the takeoff, after which the aircraft left the runway,” the statement said.
The incident follows the crash of a Chinese Eastern Boeing 737-800 in southeastern China on March 21 in which all 132 people on board were killed. That accident, in which the plane went into a sudden nosedive and slammed into the ground in a mountainous area, remains under investigation. | https://cw33.com/news/international/ap-international/passengers-injured-as-plane-leaves-runway-in-western-china/ | 2022-05-12T21:17:32Z |
Rivermont, A New Story School, and Your Life ABA are part of the New Story family of schools and clinics, a leading provider of special and alternative education and mental health services.
NORTHERN NECK, Va., Aug. 17, 2022 /PRNewswire/ -- Today, Rivermont, A New Story School (Rivermont), and Your Life ABA are proud to announce the opening of a new campus, housing both a school and clinic, serving children and young adults with autism spectrum disorder and other complex challenges.
The new school and clinic opening in the community is the result of a three-year partnership between clinical and school leadership and Northern Neck community and district members to bring much-needed services to the area. The 11,000-square-foot campus housing both the clinic and school allows families to receive the critical services they need when they need them.
The campus boasts purpose-built, student-centered spaces, including a sensory room, playground, and life skills apartment. School programming includes traditional academic coursework along with transition programming, individual and group counseling, and therapeutic academic and behavioral support, providing an authentic school experience with more support for grades K-12. The new school is the 14th Rivermont school providing special education services to families in Virginia.
The Your Life ABA clinic offers therapeutic and clinical services for clients three-years-old and above, with a specific focus on Applied Behavior Analysis (ABA) therapy. Located in the same building as the school, the Your Life ABA clinic provides after-school clinics, daytime home-based therapy, and telehealth options, providing families with a variety of options that best suit their needs and personal situation. The new clinic opening marks the seventh location in Virginia.
"We have a 35-year history of providing special education services in Virginia, and I am thrilled that our school and clinic in Northern Neck will provide end-to-end support services so that each child and young adult we serve has opportunities for lifelong success," said Beth Ackerman, Senior Vice President of Operations for Rivermont and Your Life ABA. "I'm proud that after many years of working alongside the school, community, and government leaders, we can officially open our doors to families in Northern Neck, and I look forward to the incredible outcomes our children and young adults will achieve."
For more information, check out New Story's website. For more updates, follow New Story on Facebook and Instagram.
Rivermont, A New Story School, and Your Life ABA are part of the New Story family of schools and clinics, a leading provider of special and alternative education and mental health services for children and young adults with serious and complex challenges. The New Story family of schools and clinics serves families across Massachusetts, New Jersey, Ohio, Pennsylvania, and Virginia. For more information, visit www.newstory.com.
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SOURCE New Story | https://www.kxii.com/prnewswire/2022/08/17/children-young-adults-with-complex-behavioral-challenges-autism-spectrum-disorder-have-new-school-clinic-options-northern-neck/ | 2022-08-17T16:00:21Z |
Pelosi leaves Malaysia; tensions rise over Taiwan visit
KUALA LUMPUR, Malaysia (AP) — U.S. House Speaker Nancy Pelosi left Malaysia on Tuesday and was expected to visit Taiwan, escalating tensions with Beijing, which claims the self-ruled island as its own territory.
The plane carrying Pelosi and her delegation left from a Malaysian air force base after a brief stopover that included a lunch meeting with Prime Minister Ismail Sabri Yaakob, an official said on condition of anonymity because he wasn’t authorized to release details to the media.
Pelosi is on an Asian tour this week that is being closely watched to see if she will defy China’s warnings against visiting Taiwan.
It was unclear where she was headed from Malaysia, but local media in Taiwan reported that she would arrive on Tuesday night, becoming the highest-ranking elected U.S. official to visit in more than 25 years. The United Daily News, Liberty Times and China Times — Taiwan’s three largest national newspapers — cited unidentified sources as saying she would spend the night in Taiwan.
Taiwan’s Foreign Ministry declined to comment. Premier Su Tseng-chang didn’t explicitly confirm Pelosi’s visit, but said Tuesday that “any foreign guests and friendly lawmakers” are “very much welcome.”
China, which regards Taiwan as a renegade province to be annexed by force if necessary, has repeatedly warned of retaliation if Pelosi visits, saying its military will “never sit idly by.”
“The U.S. and Taiwan have colluded to make provocations first, and China has only been compelled to act out of self-defense,” Chinese Foreign Ministry spokesperson Hua Chunying told reporters Tuesday in Beijing.
Hua said China has been in constant communication with the U.S. and made clear “how dangerous it would be if the visit actually happens.” Any countermeasures China take will be “justified and necessary” in the face of Washington’s “unscrupulous behavior,” she said.
China’s military threats have driven concerns of a new crisis in the Taiwan Strait, which separates the two sides, that could roil global markets and supply chains.
The White House on Monday decried Beijing’s rhetoric, saying the U.S. has no interest in deepening tensions with China and “will not take the bait or engage in saber rattling.”
White House National Security Council spokesperson John Kirby underscored that the decision on whether to visit Taiwan was ultimately Pelosi’s. He noted that members of Congress have routinely visited the island over the years.
Kirby said administration officials are concerned that Beijing could use the visit as an excuse to take provocative retaliatory steps, including military action such as firing missiles in the Taiwan Strait or around Taiwan, or flying sorties into the island’s airspace and carrying out large-scale naval exercises in the strait.
“Put simply, there is no reason for Beijing to turn a potential visit consistent with long-standing U.S. policy into some sort of crisis or use it as a pretext to increase aggressive military activity in or around the Taiwan Strait,” Kirby said.
U.S. Secretary of State Antony Blinken also urged China to “act responsibly” if Pelosi proceeds with the visit.
“If the speaker does decide to visit, and China tries to create some kind of a crisis or otherwise escalate tensions, that would be entirely on Beijing,” he told reporters at U.N. headquarters in New York. “We are looking for them, in the event she decides to visit, to act responsibly and not to engage in any escalation going forward.”
U.S. officials have said the U.S. military would increase its movement of forces and assets in the Indo-Pacific region if Pelosi visits Taiwan. U.S. Navy aircraft carrier USS Ronald Reagan and its strike group were in the Philippine Sea on Monday, according to officials who spoke on condition of anonymity to discuss military operations.
The Reagan, the cruiser USS Antietam and the destroyer USS Higgins left Singapore after a port visit and moved north to their homeport in Japan. The carrier has an array of aircraft, including F/A-18 fighter jets and helicopters, on board as well as sophisticated radar systems and other weapons.
Taiwan and China split in 1949 after the Communists won a civil war on the mainland. The U.S. maintains informal relations and defense ties with Taiwan even as it recognizes Beijing as the government of China.
Beijing sees official American contact with Taiwan as encouragement to make the island’s decades-old de facto independence permanent, a step U.S. leaders say they don’t support. Pelosi, head of one of three branches of the U.S. government, would be the highest-ranking elected American official to visit Taiwan since then-Speaker Newt Gingrich in 1997.
Pelosi kicked off her Asian tour in Singapore on Monday as her possible visit to Taiwan sparked jitters in the region.
Singapore Prime Minister Lee Hsien Loong “highlighted the importance of stable U.S.-China relations for regional peace and security” during talks with Pelosi, the city-state’s Foreign Ministry said. This was echoed by Japanese Foreign Minister Yoshimasa Hayashi in Tokyo, who said stable ties between the two rival powers “are extremely important for the international community as well.”
The Philippines urged the U.S. and China to be “responsible actors” in the region. “It is important for the U.S. and China to ensure continuing communication to avoid any miscalculation and further escalation of tensions,” said Foreign Affairs spokesperson Teresita Daza.
China has been steadily ratcheting up diplomatic and military pressure on Taiwan. China cut off all contact with Taiwan’s government in 2016 after President Tsai Ing-wen refused to endorse its claim that the island and mainland together make up a single Chinese nation, with the Communist regime in Beijing being the sole legitimate government.
On Thursday, Pelosi is to meet with South Korean National Assembly Speaker Kim Jin Pyo in Seoul for talks on security in the Indo-Pacific region, economic cooperation and the climate crisis, according to Kim’s office. Pelosi is also due to visit Japan, but it is unclear when she heading there.
___
Associated Press journalists Jim Gomez in Manila, Philippines, Mari Yamaguchi in Tokyo and Wu Huizhong in Taipei contributed to this report.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/08/02/pelosi-leaves-malaysia-tensions-rise-over-taiwan-visit/ | 2022-08-02T10:45:59Z |
Kaiser Permanente grants $2.5 million to Change Machine and additional funding to regional nonprofits to embed financial coaching within 190 social service organizations
NEW YORK, July 19, 2022 /PRNewswire/ -- Change Machine announced today the launch of a new financial health initiative designed to advance the economic wellbeing and health outcomes of thousands of families in low-income areas across the country.
The Change Machine + Kaiser Permanente Financial Health Initiative uses Change Machine's technology platform to train and equip social service practitioners in financial coaching so that they can provide these services to their clients. Financial coaching includes: financial goal setting and budgeting; establishing and increasing savings; addressing debt; and connecting people to safe and affordable banking products. Funding from Kaiser Permanente supports training program implementation, allowing social service organizations to provide these programs sustainably.
Research shows that financial stress is a key clinical risk factor for poor health outcomes. In particular, poor mental health has been consistently linked with the experience of financial hardship and poverty, and in many instances the link between mental and financial health is cyclical – financial hardship increases mental distress, mental distress raises the risk of missing payments on rent or loans and incurring fees, which leads to increased financial hardship.
By offering financial coaching, social service organizations can disrupt these cycles and better accomplish their missions to serve their clients, leading to improved community health outcomes.
"The link between financial health and overall health is well-documented. Access to financial literacy and coaching is a crucial way to ensure individuals, families, and communities remain financially stable and able to meet the various social needs – including stable housing, reliable transportation, and nutritious food – that are foundational to good health," said Stephanie Ledesma, vice president of community health at Kaiser Permanente.
The initiative will serve 190 social service organizations in California, Colorado, the District of Columbia, Georgia, Hawaii, Maryland, Oregon, Virginia, and Washington.
"Thanks to Kaiser Permanente, Change Machine's platform further amplifies the thought partnership of practitioners on the ground. It is an engine to build financially-thriving and healthy communities across the country," said Mae Watson Grote, Founder and CEO of Change Machine. "This combination of technology and capacity building is creating the field's vibrant community of practice through which we amplify our collective impact on the financial security of clients."
Change Machine + Kaiser Permanente Financial Health Initiative offers a flexible approach for organizations interested in offering financial coaching tools, training, and resources to enhance their missions. All participating organizations receive free access to tools that support social collaboration and can join a virtual community of financial practitioners and community leaders.
"The biggest value-adds for us is having the accountability of the financial health initiative. We've been wanting to do this work and now we have the grant, a timeline, and outcomes. This has been helpful to move the work forward," said Jared Schapiro, Assistant Director of Professional Services, Workforce Snohomish in Everett, WA. "There's no coordination between financial education empowerment services, at least in our county. The Change Machine + Kaiser Permanente Financial Health Initiative will help us close this gap."
"It's delightful to learn from practitioners across the country and now we can take these learnings back to our communities," said Stephanie Gaines, Financial Empowerment Services Coordinator, The Atlanta Center for Self Sufficiency. "The trainings opened up conversations among our colleagues on how we can make topics on financial security more relatable and non-judgemental when we engage with our customers."
Change Machine + Kaiser Permanente Financial Health Initiative will build on Change Machine's work in setting the standard for inclusive financial coaching. More than 8,000 practitioners serving families, job seekers, students, and more across 45 states have used Change Machine's platform to build their financial coaching practice, connect with each other, and amplify their national impact. Learn more about embedding financial coaching within your organization and connecting with other nonprofits!
Founded in 2005, Change Machine builds financial security for low-income communities through people-powered technology. Our products champion the aspirations of those most economically disadvantaged, as well as the expertise of financial coaches and customers, to transform how social service organizations and public agencies work with people to achieve their goals. Over 8,000 practitioners have used our platform to amplify their impact, including putting $45 million in the pockets of their customers. Together, we're creating an equitable economy in which we all thrive.
Learn more at change-machine.org and follow on Twitter.
Pinky Vincent
Change Machine
pvincent@change-machine.org
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SOURCE Change Machine | https://www.mysuncoast.com/prnewswire/2022/07/19/national-financial-coaching-initiative-launched-advance-economic-wellbeing-health-outcomes-100000-people-us/ | 2022-07-19T12:00:26Z |
LOS ANGELES, April 25, 2022 /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Vertiv Holdings Co ("Vertiv" or the "Company") (NYSE: VRT).
Class Period: April 28, 2021 – February 23, 2022
Lead Plaintiff Deadline: May 23, 2022
If you are a shareholder who suffered a loss, click here to participate.
The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors: (1) that the Company could not adequately respond to supply chain issues and inflation by increasing its prices; (2) that, as a result of the increasing costs, Vertiv's earnings would be adversely impacted; and (3) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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SOURCE The Law Offices of Frank R. Cruz, Los Angeles | https://www.mysuncoast.com/prnewswire/2022/04/25/vrt-investors-have-opportunity-lead-vertiv-holdings-co-securities-fraud-lawsuit/ | 2022-04-25T16:39:27Z |
The new Minnesota Army National Guard Division Headquarters reimagines the readiness center for a new era of warfighting, peacekeeping and emergency response challenges
OMAHA, Neb., May 16, 2022 /PRNewswire/ -- The Minnesota Army National Guard Division Headquarters in Arden Hills, Minnesota, designed by LEO A DALY and built by Stahl Construction, has been named the Grand Design Award winner (built) in the Society of American Military Engineers' biannual Design Awards program. Representing the highest honor for a facility, infrastructure, landscape or planning project designed for a SAME partner agency (DoD, VA, DHS, Public Health Service, or GSA) worldwide, the award recognizes the project as one of the best works of federal architecture built this decade.
The award was presented to members of the LEO A DALY planning, architecture, engineering and interior design team during the Society Ball & Awards Gala at the 2022 JETC conference on Thursday, May 12 in the Gaylord Rockies Resort & Convention Center in Aurora, Colorado.
[View an ebook on the project here.]
Nestled among the rolling hills, wetlands and mature oak trees of a federal cantonment area, the project makes landscape a central focus of the design. The black building blends shadow-like into the environment while working to mitigate its impact on the surrounding ecosystem. From a previously contaminated state, the site has been restored to natural harmony, with building systems, waterways, old-growth forest and nesting bird habitats integrated as a sustainable whole.
Jury members for the award praised the project for its:
- "Elegant design [that] integrates well into the existing site – long and low. Great use of passive and active sustainable systems to reduce energy consumption."
- "Great care and respect for the ecology of the site; preservation of wetlands, trees, natural landscape and ecosystems."
- "High level integration of energy and water conservation techniques, plus use of innovative geothermal technologies."
- "Excellent master plan and building design and execution for the site and functional program."
Completed in October 2020, the 149,735-SF facility reimagines the National Guard readiness center for a new era of warfighting, peacekeeping and emergency response challenges. The building program responds to the National Guard's evolving mission in the 21st century, providing secure space for advanced cyber activities, a Class-A workplace designed to recruit tech talent, and a highly sustainable and resilient design that honors the National Guard's commitment to community and the future.
The building's iconic architecture represents a defining step forward for the 34th Infantry Division's "Red Bulls," providing a connection to the past and demonstrating reverence to the site. The use of color, materials and form expresses the simplicity and clarity of the activities within and provides visual impact while staying true to the pragmatic sensibilities of the region, the client, and the communities it serves.
"LEO A DALY's long history of design excellence for the federal government led to this achievement for a project that captures the spirit and mission of the Minnesota National Guard in every detail. This recognition signifies our devotion to design that enhances the human experience and natural environment while delivering life-cycle cost-effectiveness, facilitating mission accomplishment and positively impacting our federal agencies," said LEO A DALY President Steven A. Lichtenberger, AIA.
About LEO A DALY
LEO A DALY is a leader in holistic, high-performance design, specializing in planning, architecture, engineering, interior design and program management. Since 1915, the firm's unyielding focus on design excellence has resulted in exceptional spaces that enhance and enrich the human experience. The firm's award-winning, diverse portfolio includes projects in a wide range of markets in more than 91 countries, all 50 US states and the District of Columbia. For more information, visit www.leoadaly.com.
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SOURCE LEO A DALY | https://www.wibw.com/prnewswire/2022/05/16/leo-daly-wins-grand-design-award-national-guard-headquarters-society-american-military-engineers/ | 2022-05-16T16:17:26Z |
RICHMOND, Va., July 28, 2022 /PRNewswire/ -- The Hilb Group announced today that, effective July 1, 2022, it has partnered with Massachusetts-based King and Cushman Agency, further expanding the company's presence throughout New England.
Based in Northampton, Massachusetts, King and Cushman has served the area for nearly 100 years, developing a proven reputation for expert professional advice supported by strong, established community connections. The agency focuses on property & casualty offerings for their clients in both commercial and personal lines. Agency Principal Scott King and his team of insurance professionals will join Hilb Group's New England regional operations.
"Joining the Hilb Group presents an exciting opportunity for our business and those we serve," stated Scott King. "We look forward to providing the same local, trusted service, while ultimately delivering even greater solutions, resources, and value to our customers."
"We are pleased to welcome King and Cushman to the Hilb Group," said Hilb Group CEO Ricky Spiro. "With a terrific reputation and long-standing community ties, they represent a perfect complement to our growth strategy of teaming with strong partners who have developed solid relationships with their local client base. We look forward to our next steps together."
About Hilb Group: The Hilb Group is a leading property and casualty and employee benefits insurance brokerage and advisory firm headquartered in Richmond, Virginia. Hilb Group is a portfolio company of The Carlyle Group, a global investment firm. Hilb Group seeks to grow through strategic acquisitions and by leveraging its resources and expertise to drive organic growth in its acquired agencies. The company has completed more than 135 acquisitions with over 100 offices in 22 states. Hilb Group is rated as one of the Fastest Growing Brokers by Business Insurance, a Top P/C Agency by Insurance Journal, and one of America's Fastest Growing Private Companies in the Inc. 5000. For more information on Hilb Group's growth as well as career opportunities, please visit our website at http://hilbgroup.com.
Media Contact:
Peter Lobred
804.548.4629
plobred@hilbgroup.com
M&A Contact:
Ryan Havermann
804.414.6508
rhavermann@hilbgroup.com
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SOURCE The Hilb Group, LLC | https://www.mysuncoast.com/prnewswire/2022/07/28/hilb-group-acquires-massachusetts-based-king-cushman-agency-expands-new-england-property-amp-casualty-market-presence/ | 2022-07-28T14:13:26Z |
One dead in Lawrence shooting
Published: May. 17, 2022 at 10:27 PM CDT|Updated: 29 minutes ago
LAWRENCE, Kan. (WIBW) - A shooting outside of a Lawrence Hy-Vee has left at least one person dead.
The shooting happened outside of the Hy-Vee store at 3504 Clinton Parkway. Lawrence Police officials on scene confirmed to 13 NEWS that one person is dead. They said the deceased was a male in his 20s. Another male was found critically wounded and transported to an area hospital.
This is an ongoing situation, this story will be updated as more information becomes available.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/05/18/one-dead-lawrence-hy-vee-shooting/ | 2022-05-18T03:57:42Z |
Jurors given incorrect instruction even after judge agreed to change it
FORT WORTH, Texas, May 18, 2022 /PRNewswire/ -- Lawyers representing a former American Airlines (NASDAQ:AAL) flight attendant in her sexual assault case against the airline are asking for a new trial after learning jurors in the case were given an instruction the judge had agreed to remove from the jury charge.
Last week, a jury found a celebrity chef hired by American did in fact sexually assault Kimberly Goesling, but failed to assign any responsibility for the attack to the airline.
But in reviewing the jury's verdict form, Ms. Goesling's attorneys noticed one of the questions the jury had to answer included a line the plaintiff's lawyers had objected to in court, and which the court had agreed to remove.
"This isn't a legal technicality. This is the court giving the jurors an instruction that does not follow the law," says attorney Rob Miller of Miller Bryant LLP in Dallas. "That's crucial because after the verdict, we spoke with some of the jurors and the portion we're talking about is what tripped them up."
Mr. Miller's motion asks that the court set aside the verdict and order a new trial in the case. To review a copy of the motion, click here.
The trial just concluded included testimony from Ms. Goesling, who described her treatment by the airline after she reported the 2018 assault, which occurred in her hotel room in Germany. She told the jurors about being attacked by a celebrity chef whom American hired without conducting a background check. Evidence in the case showed the airline continued to employ him even after learning of prior allegations against him for alcohol abuse and inappropriate conduct around women.
She first publicly told the story of what happened to her – and American's role in it – in a 2021 Facebook and Instagram video. Ms. Goesling retired from the airline in December 2021. Visit metooaa.com for more information.
The case is Kimberly Goesling v. American Airlines et al., Cause No. 342-314565-20 in the 342nd Judicial District Court in Tarrant County.
Dallas-based Miller Bryant LLP is a national practice representing catastrophically injured people and those wronged through the negligent acts of others. More information at https://www.miller-bryant.com/.
Media Contact:
Mark Annick
800-559-4534
mark@androvett.com
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SOURCE Miller Bryant LLP | https://www.mysuncoast.com/prnewswire/2022/05/18/lawyers-sexual-assault-case-against-american-airlines-seek-new-trial/ | 2022-05-18T16:32:06Z |
GUIYANG, China, June 8, 2022 /PRNewswire/ -- Full Truck Alliance Co. Ltd. ("FTA" or the "Company") (NYSE: YMM), a leading digital freight platform, today announced its unaudited financial results for the first quarter ended March 31, 2022.
First Quarter 2022 Financial and Operational Highlights
- Total net revenues in the first quarter of 2022 were RMB1,332.6 million (US$210.2 million), an increase of 53.7% from RMB867.2 million in the same period of 2021.
- Net loss in the first quarter of 2022 was RMB192.0 million (US$30.3 million), compared with RMB197.0 million in the same period of 2021.
- Non-GAAP adjusted net income1 in the first quarter of 2022 was RMB189.7 million (US$29.9 million), an increase of 68.0% from RMB112.9 million in the same period of 2021.
- Gross Transaction Value ("GTV")2 in the first quarter of 2022 reached RMB53.6 billion (US$8.5 billion), an increase of 4.2% from RMB51.5 billion in the same period of 2021.
- Fulfilled orders3 in the first quarter of 2022 reached 25.2 million, an increase of 13.6% from 22.1 million in the same period of 2021.
- Average shipper MAUs4 in the first quarter of 2022 reached 1.42 million, an increase of 16.0% from 1.22 million in the same period of 2021.
Mr. Peter Hui Zhang, Founder, Chairman and Chief Executive Officer of FTA, stated, "We are pleased to have kicked off the year with strong financial and operating results for the first quarter of 2022, despite the challenging conditions. Our continued progress attests to the solid foundation of our business and our ability to mitigate the impact of external events by improving our users' experience and enhancing our matching technology. Looking forward, we will remain focused on increasing user frequency by fine-tuning our freight matching and fulfillment process. Additionally, we will continue to explore new business models and strengthen our monetization systems to optimize profitability through leveraging our nationwide logistics network. While China's road transportation industry has been affected by the Omicron outbreaks since March 2022, we expect digitalization and the low-carbon movement to further transform the industry over time and facilitate the development of a modern logistics system. Underpinned by our long-term strategic investment in advanced AI and big data technologies, I believe that FTA is well poised to seize the market trend and lead the development and transformation of the industry."
Mr. Simon Cai, Chief Financial Officer of FTA, added, "Our first quarter results are underpinned by the continued momentum we are experiencing in our freight matching services and the improvements we are seeing in our operating leverage. We grew our total net revenues to RMB1.3 billion in the first quarter, 53.7% higher than the prior year period and beating the high end of our previous guidance, which was projected at RMB1.09 billion. Along with our topline growth, we recorded a non-GAAP adjusted net income of RMB189.7 million in the first quarter, which was RMB112.9 million a year ago. As possibilities in the road transportation industry continue to unfold, we remain focused on delivering shareholder value through pursuing a disciplined financial strategy and positioning ourselves for the next wave of growth."
First Quarter 2022 Financial Results
Net Revenues (including value added taxes ("VAT") of RMB470.2 million and RMB700.4 million for the three months ended March 31, 2021 and 2022, respectively). Total net revenues in the first quarter of 2022 were RMB1,332.6 million (US$210.2 million), representing an increase of 53.7% from RMB867.2 million in the same period of 2021, primarily attributable to an increase in revenues from freight matching services.
Freight matching services. Revenues from freight matching services in the first quarter of 2022 were RMB1,118.6 million (US$176.5 million), representing an increase of 60.9% from RMB695.2 million in the same period of 2021. The increase was primarily due to an increase in revenues from freight brokerage service as well as rapid growth in transaction commissions.
- Freight brokerage service. Revenues from freight brokerage service in the first quarter of 2022 were RMB662.4 million (US$104.5 million), an increase of 48.4% from RMB446.4 million in the same period of 2021, primarily driven by significant growth in transaction volume.
- Freight listing service. Revenues from freight listing service in the first quarter of 2022 were RMB198.0 million (US$31.2 million), an increase of 21.2% from RMB163.3 million in the same period of 2021, primarily attributable to an increase in total paying members amid increased shipper demand for our services as our business continued to expand.
- Transaction commission. Revenues from transaction commissions amounted to RMB258.2 million (US$40.7 million) in the first quarter of 2022, an increase of 202.0% from RMB85.5 million in the same period of 2021, primarily driven by a rapid ramp-up of commissioned GTV penetration.
Value-added services. Revenues from value-added services in the first quarter of 2022 were RMB214.0 million (US$33.7 million), an increase of 24.4% from RMB172.0 million in the same period of 2021, mainly attributable to increased revenues from credit solutions.
Cost of Revenues (including VAT net of refund of VAT of RMB322.7 million and RMB503.3 million for the three months ended March 31, 2021 and 2022, respectively). Cost of revenues in the first quarter of 2022 was RMB683.9 million (US$107.9 million), compared with RMB412.8 million in the same period of 2021. The increase was primarily attributable to an increase in VAT, related tax surcharges and other tax costs, net of tax refunds from government authorities. These tax-related costs net of refunds totaled RMB598.3 million, representing an increase of 65.8% from RMB361.0 million in the same period of 2021, primarily due to an increase in transaction activities involving our freight brokerage service.
Sales and Marketing Expenses. Sales and marketing expenses in the first quarter of 2022 were RMB192.0 million (US$30.3 million), compared with RMB170.4 million in the same period of 2021. The increase was primarily due to an increase in salary and benefits expenses driven by an increase in sales and marketing headcount, partially offset by a decrease in advertising and marketing expenses as well as a decrease in share-based compensation expenses.
General and Administrative Expenses. General and administrative expenses in the first quarter of 2022 were RMB458.4 million (US$72.3 million), compared with RMB322.0 million in the same period of 2021. The increase was primarily due to an increase in salary and benefits expenses driven by higher headcount in general and administrative personnel, and an increase in share-based compensation expenses.
Research and Development Expenses. Research and development expenses in the first quarter of 2022 were RMB221.0 million (US$34.9 million), compared with RMB138.0 million in the same period of 2021. The increase was primarily due to an increase in salary and benefits expenses driven by higher headcount in research and development personnel.
Loss from Operations. Loss from operations in the first quarter of 2022 was RMB252.0 million (US$39.8 million), compared with RMB201.9 million in the same period of 2021.
Non-GAAP Adjusted Operating Income5. Non-GAAP adjusted operating income in the first quarter of 2022 was RMB133.2 million (US$21.0 million), an increase of 20.3% from RMB110.7 million in the same period of 2021.
Net Loss. Net loss in the first quarter of 2022 was RMB192.0 million (US$30.3 million), compared with RMB197.0 million in the same period of 2021.
Non-GAAP Adjusted Net Income. Non-GAAP adjusted net income in the first quarter of 2022 was RMB189.7 million (US$29.9 million), an increase of 68.0% from RMB112.9 million in the same period of 2021.
Basic and Diluted Net Loss per ADS6 and Non-GAAP Adjusted Basic and Diluted Net Income/(Loss) per ADS7. Basic and diluted net loss per ADS were RMB0.18 (US$0.03) in the first quarter of 2022, compared with RMB2.09 in the same period of 2021. Non-GAAP adjusted basic and diluted net income per ADS were RMB0.17 (US$0.03) in the first quarter of 2022, compared with non-GAAP adjusted basic and diluted net loss per ADS of RMB0.70 in the same period of 2021.
Balance Sheet and Cash Flow
As of March 31, 2022, the Company had cash and cash equivalents, restricted cash, and short-term investments of RMB25.3 billion (US$4.0 billion) in total, compared with RMB26.0 billion as of December 31, 2021.
In the first quarter of 2022, net cash used in operating activities was RMB96.3 million (US$15.2 million).
Business Outlook
The Company expects its total net revenues to be between RMB1.56 billion and RMB1.64 billion for the second quarter of 2022, representing a year-over-year growth rate of approximately 39.4% to 46.3%, despite the impact of the Omicron outbreaks on transaction volume for the period. These forecasts reflect the Company's current and preliminary views on the market, operational conditions, and the uncertainties caused by the current Omicron outbreaks, including the geographic scope and duration of the outbreaks, the additional restrictive measures that the governmental authorities may take, and the further impact on the business of shippers, truckers and other ecosystem participants, which are subject to change and cannot be predicted with reasonable accuracy as of the date hereof.
Exchange Rate Information
This announcement contains translations of certain RMB amounts into U.S. dollars ("US$") at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at a rate of RMB6.3393 to US$1.00, the exchange rate in effect as of March 31, 2022 as set forth in the H.10 statistical release of The Board of Governors of the Federal Reserve System. The Company makes no representation that any RMB or US$ amounts could have been, or could be, converted into US$ or RMB, as the case may be, at any particular rate, or at all.
Conference Call
The Company's management will hold an earnings conference call at 8:00 A.M. U.S. Eastern Time on June 8, 2022 or 8:00 P.M. Beijing Time to discuss its financial results and operating performance for the first quarter of 2022.
Dial-in details for the earnings conference call are as follows:
The replay will be accessible through June 15, 2022 by dialing the following numbers:
A live and archived webcast of the conference call will also be available on the Company's investor relations website at ir.fulltruckalliance.com.
About Full Truck Alliance Co. Ltd.
Full Truck Alliance Co. Ltd. (NYSE: YMM) is a leading digital freight platform, connecting shippers with truckers to facilitate shipments across distance ranges, cargo weights and types. The Company provides a range of freight matching services including freight listing service, freight brokerage service and online transaction service. The Company also provides a range of value-added services that cater to the various needs of shippers and truckers, such as financial institutions, highway authorities, and gas stations operators. With a mission to make logistics smarter, the Company is shaping the future of logistics with technology and aspires to revolutionize logistics, improve efficiency across the value chain and reduce its carbon footprint for our planet. For more information, please visit ir.fulltruckalliance.com.
Use of Non-GAAP Financial Measures
The Company uses non-GAAP adjusted operating income, non-GAAP adjusted net income, non-GAAP adjusted net income/(loss) attributable to ordinary shareholders, non-GAAP adjusted basic and diluted net income/(loss) per ordinary shareholder and non-GAAP adjusted basic and diluted net income/(loss) per ADS, each a non-GAAP financial measure, as supplemental measures to review and assess its operating performance.
The presentation of non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company defines non-GAAP adjusted operating income as loss from operations excluding (i) share-based compensation expense, (ii) amortization of intangible assets resulting from business acquisitions and (iii) compensation cost incurred in relation to continuing service terms in business acquisitions. The Company defines non-GAAP adjusted net income as net loss excluding (i) share-based compensation expense, (ii) amortization of intangible assets resulting from business acquisitions, (iii) compensation cost incurred in relation to continuing service terms in business acquisitions, (iv) impairment of long-term investment and (v) tax effects of non-GAAP adjustments. The Company defines non-GAAP adjusted net income/(loss) attributable to ordinary shareholders as net loss attributable to ordinary shareholders excluding (i) share-based compensation expense, (ii) amortization of intangible assets resulting from business acquisitions, (iii) compensation cost incurred in relation to continuing service terms in business acquisitions, (iv) impairment of long-term investment and (v) tax effects of non-GAAP adjustments. The Company defines non-GAAP adjusted basic and diluted net income/(loss) per share as non-GAAP net income/(loss) attributable to ordinary shareholders divided by weighted average number of basic and diluted ordinary shares, respectively. The Company defines non-GAAP adjusted basic and diluted net income/(loss) per ADS as non-GAAP net income/(loss) attributable to ordinary shareholders divided by the weighted average number of basic and diluted ADSs, respectively.
The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as an analytical tool. The non-GAAP financial measures do not reflect all items of expense that affect its operations. Share-based compensation expense, amortization of intangible assets resulting from business acquisitions, compensation cost incurred in relation to continuing service terms in business acquisitions, impairment of long-term investment and tax effects of non-GAAP adjustments have been and may continue to be incurred in its business and are not reflected in the presentation of its non-GAAP financial measures.
The Company reconciles the non-GAAP financial measures to the nearest U.S. GAAP performance measures. Non-GAAP adjusted operating income, non-GAAP adjusted net income, non-GAAP adjusted net income/(loss) attributable to ordinary shareholders and non-GAAP adjusted basic and diluted net income/(loss) per share should not be considered in isolation or construed as an alternative to operating loss, net loss, net income/(loss) attributable to ordinary shareholders and basic and diluted net income/(loss) per share or any other measure of performance or as an indicator of its operating performance. Investors are encouraged to review FTA's non-GAAP financial measures to the most directly comparable GAAP measures. FTA's non-GAAP financial measure may not be comparable to similarly titled measures presented by other companies.
For more information on these non-GAAP financial measures, please see the table captioned "Reconciliations of Non-GAAP Results" set forth at the end of this release.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking" statements which are made pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to," and similar statements. Statements that are not historical facts, including statements about the Company's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: FTA's goal and strategies; FTA's expansion plans; FTA's future business development, financial condition and results of operations; expected changes in FTA's revenues, costs or expenses; industry landscape of, and trends in, China's road transportation market; competition in FTA's industry; FTA's expectations regarding demand for, and market acceptance of, its services; FTA's expectations regarding its relationships with shippers, truckers and other ecosystem participants; FTA's ability to protect its systems and infrastructures from cyber-attacks; PRC laws, regulations, and policies relating to the road transportation market, as well as general regulatory environment in which FTA operates in China; the results of regulatory review and the duration and impact of any regulatory action taken against FTA; the impact of COVID-19 pandemic, extreme weather conditions and production constraints brought by electricity rationing measures; general economic and business condition; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
In China:
Full Truck Alliance Co. Ltd.
Mao Mao
E-mail: IR@amh-group.com
The Piacente Group, Inc.
Emilie Wu
Tel: +86-21-6039-8363
E-mail: FTA@thepiacentegroup.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: FTA@thepiacentegroup.com
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SOURCE Full Truck Alliance Co. Ltd. | https://www.kxii.com/prnewswire/2022/06/08/full-truck-alliance-co-ltd-announces-first-quarter-2022-unaudited-financial-results/ | 2022-06-08T09:00:55Z |
NEW YORK, Aug. 19, 2022 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against 1Globe Capital LLC ("1Globe") and certain of its officers, on behalf of all persons and entities that purchased, or otherwise acquired Sinovac Biotech Ltd. ("Sinovac" or the "Company") (NASDAQ: SVA) stock between April 11, 2016, and February 22, 2019 (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/sva.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws.
The Complaint alleges that defendants made false and/or misleading statements and/or failed to disclose that: (1) 1Globe Capital LLC and Jiaqiang Li's ("Li") shared beneficial ownership of 20% or more of Sinovac common stock; (2) 1Globe's actions in connection with the Annual Meeting, including 1Globe's and Li's participation in the effort to replace four of Sinovac's five incumbent directors; (3) defendants' agreements and relationships with each other concerning their Sinovac stock; and (4) their plans to purchase additional shares of Sinovac stock.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/sva or you may contact Peretz Bronstein, Esq. or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Sinovac you have until October 17, 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.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | info@bgandg.com
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SOURCE Bronstein, Gewirtz & Grossman, LLC | https://www.mysuncoast.com/prnewswire/2022/08/19/investor-alert-bronstein-gewirtz-amp-grossman-llc-notifies-sinovac-biotech-ltd-sva-investors-class-action-against-1globe-capital-llc-actively-participate/ | 2022-08-19T14:36:38Z |
Venice Veteran gets news roof thanks to organizations, volunteers
Published: Jul. 26, 2022 at 3:28 PM EDT|Updated: 37 minutes ago
VENICE, Fla. (WWSB) - A disabled Veteran of the United States Air Force received the gift of a new roof thanks to two organizations and volunteers.
Venice Veteran Rick Eaton received the new roof courtesy of Purple Heart Homes and Owens Corning Roof Deployment Project. It’s a nationwide project that works to support those who have served our country. Eaton served in the Gulf War and was awarded the purple heart.
The group connected with Mighty Dog Roofing to complete the job.
All materials are donated from the roof deployment project. You can learn more here.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/07/26/venice-veteran-gets-news-roof-thanks-organizations-volunteers/ | 2022-07-26T20:06:44Z |
Russia frees captive medic who filmed Mariupol’s horror
TALLINN, Estonia (AP) — A celebrated Ukrainian medic whose footage was smuggled out of the besieged city of Mariupol by an Associated Press team was freed by Russian forces on Friday, three months after she was taken captive on the streets of the city.
Yuliia Paievska is known in Ukraine as Taira, a nickname she chose in the World of Warcraft video game. Using a body camera, she recorded 256 gigabytes of her team’s efforts over two weeks to save the wounded, including both Russian and Ukrainian soldiers.
She transferred the clips to an Associated Press team, the last international journalists in the Ukrainian city of Mariupol, one of whom fled with it embedded in a tampon on March 15. Taira and a colleague were taken prisoner by Russian forces on March 16, the same day a Russian airstrike hit a theater in the city center, killing around 600 people, according to an Associated Press investigation.
“It was such a great sense of relief. Those sound like such ordinary words, and I don’t even know what to say,” her husband, Vadim Puzanov, told The Associated Press late Friday, breathing deeply to contain his emotion. Puzanov said he spoke by phone with Taira, who was en route to a Kyiv hospital, and feared for her health.
Initially, the family had kept quiet, hoping negotiations would take their course. But The Associated Press spoke with him before releasing the smuggled videos, which ultimately had millions of viewers around the world, including on some of the biggest networks in Europe and the United States. Puzanov expressed gratitude for the coverage, which showed Taira was trying to save Russian soldiers as well as Ukrainian civilians.
Ukrainian President Volodymyr Zelenskyy announced Taira’s release in a national address.
“I’m grateful to everyone who worked for this result. Taira is already home. We will keep working to free everyone,” he said.
Hundreds of prominent Ukrainians have been kidnapped or captured, including local officials, journalists, activists and human rights defenders.
Russia portrayed Taira as working for the nationalist Azov Battalion, in line with Moscow’s narrative that it is attempting to “denazify” Ukraine. But the AP found no such evidence, and friends and colleagues said she had no links to Azov, which made a last stand in a Mariupol steel plant before hundreds of its fighters were captured or killed.
The footage itself is a visceral testament to her efforts to save the wounded on both sides.
A clip recorded on March 10 shows two Russian soldiers taken roughly out of an ambulance by a Ukrainian soldier. One is in a wheelchair. The other is on his knees, hands bound behind his back, with an obvious leg injury. Their eyes are covered by winter hats, and they wear white armbands.
A Ukrainian soldier curses at one of them. “Calm down, calm down,” Taira tells him.
A woman asks her, “Are you going to treat the Russians?”
“They will not be as kind to us,” she replies. “But I couldn’t do otherwise. They are prisoners of war.”
Taira was a member of the Ukraine Invictus Games for military veterans, where she was set to compete in archery and swimming. Invictus said she was a military medic from 2018 to 2020 but had since been demobilized.
She received the body camera in 2021 to film for a Netflix documentary series on inspirational figures being produced by Britain’s Prince Harry, who founded the Invictus Games. But when Russian forces invaded, she used it to shoot scenes of injured civilians and soldiers instead.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/06/18/russia-frees-captive-medic-who-filmed-mariupols-horror/ | 2022-06-18T08:10:54Z |
Wins Coincide with Anniversary of Golf Legend's Victory at The Open
MADISON, N.C., July 14, 2022 /PRNewswire/ -- This week in 1927, Bobby Jones was raising three fingers of whiskey to celebrate his historical win at The Open at the Old Course at St. Andrews, the home of golf. Today, his namesake whiskey collection, The Clover, featuring a Straight Bourbon Whiskey, a Tennessee Straight Bourbon Whiskey, and a Straight Rye Whiskey, celebrates victories in taste.
After winning the British Amateur at St. Andrews before his thirtieth birthday, Bobby Jones went on to become the only golfer to ever achieve the original 'Grand Slam' by winning all four of the major championships of his time in the same year, including the U.S. Open, U.S. Amateur, British Amateur, and the British Open.
He said of the Old Course, being played on for only the thirtieth time this week for the 150th Open Championship, "there is always a way at St. Andrews, although it is not always the obvious way." Jones so loved his time playing there that he once noted, "I could take out of my life everything except my experiences in St. Andrews, and I would still have a rich, full life." The town's residents felt the same about him, and he was bestowed honorary citizenship in 1958. The 10th hole of the Old Course was also named after him posthumously.
Watch more about Bobby's special relationship with St. Andrews featuring historian Sid Matthew HERE. (An embeddable video can be found here.)
The Bobby Jones' Clover Collection is a Jones family initiative created to sustain the legacy and values of golf's greatest gentleman and champion. The Clover exclusively features single barrel whiskeys that are nuanced, complex, and singular as the world's best golf courses. The collection's three expressions have received high marks at several awards shows of late.
The brand's Tennessee Straight Bourbon Whiskey took home a coveted Platinum win in the Taste category at the 2022 ASCOT Awards. Its Rye earned a Gold in Taste at the 2022 World Whiskies Awards and the 2022 World Spirits Competition in San Francisco. In addition, the brand's Straight Bourbon Whiskey won Gold in the MicroLiquor Spirit Awards and a 95 (Extraordinary - Ultimate Recommendation) at the 2022 Ultimate Spirits Challenge.
Beyond its great taste, every pour of The Clover has a purpose. As Dr. Bobby Jones IV said of his grandfather, "[he] lived and played with integrity and compassion. He was the kind of person who inspired others to be their best selves. We believe the more we can instill the world with his ways of looking at things, the better the world will be." A portion of proceeds from the collection benefits the Bobby Jones CSF to fund research and support for individuals suffering from a spinal cord disorder that the golfer also battled.
Visit www.thecloverwhiskey.com to read more about Bobby's legacy, the Jones family's ongoing work to preserve it, and where to find The Clover. Although released on an allocated basis, fans can enjoy an award-winning pour at select golf clubs and resorts or pick up a bottle from their local craft spirits retailer.
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SOURCE The Clover Whiskey | https://www.kxii.com/prnewswire/2022/07/14/bobby-jones-whiskey-collection-clover-celebrates-multiple-award-wins/ | 2022-07-14T21:00:02Z |
MIDLAND, Mich., July 20, 2022 /PRNewswire/ -- For the sixth consecutive year, Dow (NYSE: DOW) has received a top score on the Disability Equality Index® (DEI) – the world's most comprehensive benchmarking tool for the Fortune 1000 and Am Law 2001 to measure disability workplace inclusion.
This places the Company again among the "Best Places to Work for Disability Inclusion" for 2022. The rating is administered jointly by Disability:IN and the American Association of People with Disabilities (AAPD).
"We are so happy that Dow continues its leadership position on the 2022 Disability Equality Index. It is a testament of the Company's commitment to building and progressing an inclusive culture and advancing disability inclusion," said John Sampson, executive sponsor for Dow's Disability Employee Resource Group and senior vice president of operations, manufacturing and engineering. "At Dow we believe that people living with disabilities are an indispensable source of talent who continue to deliver significant value to our customers and the communities we operate in."
The DEI survey measures key performance indicators across culture, leadership, accessibility, employment practices, community engagement, support services and supplier diversity. Participating companies self-reported their disability policies and practices and were scored on a scale from zero to 100.
In 2022, more than 400 corporations, including 69 Fortune 100, 188 Fortune 500, and 227 Fortune 1000 utilized the DEI to benchmark their disability inclusion efforts.
"Disability inclusion is a rapidly expanding aspect of corporate culture, and it's gratifying to partner with 415 companies on the 2022 Disability Equality Index," said Jill Houghton, President and CEO of Disability:IN. "These top-scoring companies not only excel in disability inclusion, many are also adopting emerging trends and pioneering measures that can move the disability agenda from accommodation to inclusion and ultimately, genuine belonging."
Dow is celebrating its 125th anniversary this year and it remains committed to creating an inclusive workplace where all employees can bring their whole selves to work. In addition to Dow's policies and programs, the company offers an employee resource group, the Disability Employee Network (DEN), to empower employees with disabilities and to raise awareness and educate about disabilities to create better allies.
Visit Dow's website for additional information on the Company's commitment to inclusion and diversity and to explore the Company's consolidated 2021 Environmental, Social and Governance report 'Intersections'.
About the Disability Equality Index®
The Disability Equality Index (DEI) is a comprehensive benchmarking tool that helps companies build a roadmap of measurable, tangible actions that they can take to achieve disability inclusion and equality. Each company receives a score, on a scale of zero (0) to 100, with those earning 80 and above recognized as a "Best Place to Work for Disability Inclusion." The DEI is a joint initiative of the American Association of People with Disabilities (AAPD), the nation's largest disability rights organization, and Disability:IN, the global business disability inclusion network, to collectively advance the inclusion of people with disabilities. The organizations are complementary and bring unique strengths that make the project relevant and credible to corporations and the disability community. The tool was developed by the DEI Advisory Committee, a diverse group of business leaders, policy experts, and disability advocates. Learn more at: www.DisabilityEqualityIndex.org.
About Dow
Dow (NYSE: DOW) combines global breadth; asset integration and scale; focused innovation and materials science expertise; leading business positions; and environmental, social and governance (ESG) leadership to achieve profitable growth and deliver a sustainable future. The Company's ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company in the world. Dow's portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated, science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer applications. Dow operates 104 manufacturing sites in 31 countries and employs approximately 35,700 people. Dow delivered sales of approximately $55 billion in 2021. References to Dow or the Company mean Dow Inc. and its subsidiaries. For more information, please visit www.dow.com or follow @DowNewsroom on Twitter.
For further information, please contact:
Kyle Bandlow
+1.989.638.2417
kbandlow@dow.com
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SOURCE The Dow Chemical Company | https://www.kxii.com/prnewswire/2022/07/20/dow-recognized-disability-equality-index-6th-consecutive-year/ | 2022-07-20T12:31:12Z |
- Ardelyx welcomes the opportunity for the company, patients, and practicing nephrologists to speak to clinically meaningful results in treating hyperphosphatemia -
WALTHAM, Mass., April 25, 2022 /PRNewswire/ -- Ardelyx, Inc. (Nasdaq: ARDX), a biopharmaceutical company founded with a mission to discover, develop and commercialize innovative first-in-class medicines that meet significant unmet medical needs, today announced that the Office of New Drugs (OND), Center for Drug Evaluation and Research (CDER) of the U.S. Food and Drug Administration (FDA), has provided an interim response to Ardelyx's second level of appeal of the Complete Response Letter (CRL) received on July 28, 2021, for XPHOZAH. The OND noted that additional input from the Cardiovascular and Renal Drug Advisory Committee in general, and specifically, from experts, including expert clinicians, would be valuable in further considering the clinical meaningfulness of the phosphate lowering effect observed in Ardelyx's phase 3 clinical program for XPHOZAH. Accordingly, the OND intends to direct the Division of Cardiology and Nephrology to bring the XPHOZAH New Drug Application (NDA) to the Cardiovascular and Renal Drugs Advisory Committee, and to provide a response to Ardelyx's appeal within thirty (30) days after the conclusion of the Advisory Committee meeting. Ardelyx is seeking approval for XPHOZAH for the control of serum phosphorus in adult patients with chronic kidney disease (CKD) on dialysis.
"We view the interim response that we received from the OND as an important next step in our ongoing pursuit of approval of XPHOZAH," said Mike Raab, president and chief executive officer of Ardelyx. "We are pleased that the OND has acknowledged the importance of including input from expert clinicians, as part of an Advisory Committee meeting in order to further evaluate the clinical meaningfulness and significance of the phosphate reduction we have demonstrated with XPHOZAH. The nephrology community has been steadfast in its belief of the important role XPHOZAH, with its novel mechanism of action, can play by providing a different approach to managing hyperphosphatemia in patients. While we await direction from the OND on the timing of this meeting, we look forward to the opportunity to further discuss XPHOZAH with the Cardiovascular and Renal Drugs Advisory Committee."
About XPHOZAH (tenapanor) for Hyperphosphatemia
XPHOZAH (tenapanor), discovered and developed by Ardelyx, in an investigational first-in-class phosphate absorption inhibitor (PAI). XPHOZAH, with its unique blocking mechanism of action, acts locally in the gut to inhibit the sodium hydrogen exchanger 3 (NHE3), reducing phosphate absorption through the paracellular pathway, the primary pathway of phosphate absorption. This novel blocking mechanism enables a one 30 mg tablet BID dosing regimen. The most common side effect with tenapanor in clinical trials was diarrhea.
About Ardelyx, Inc.
Ardelyx was founded with a mission to discover, develop and commercialize innovative first-in-class medicines that meet significant unmet medical needs. Ardelyx's first approved product, IBSRELA® (tenapanor) is available in the United States. Ardelyx is developing XPHOZAH® (tenapanor), a novel product candidate to control serum phosphorus in adult patients with CKD on dialysis, which has completed three successful Phase 3 trials. Ardelyx is also advancing RDX013, a potassium secretagogue, for the potential treatment of elevated serum potassium, or hyperkalemia, a problem among certain patients with kidney and/or heart disease and has an early-stage program in metabolic acidosis, a serious electrolyte disorder in patients with CKD. Ardelyx has established agreements with Kyowa Kirin in Japan, Fosun Pharma in China and Knight Therapeutics in Canada for the development and commercialization of tenapanor in their respective territories.
Forward Looking Statements
To the extent that statements contained in this press release are not descriptions of historical facts regarding Ardelyx, they are forward-looking statements reflecting the current beliefs and expectations of management made pursuant to the safe harbor of the Private Securities Reform Act of 1995, including Ardelyx's current expectation regarding the FDA's plan to convene an Advisory Committee meeting to consider the NDA for XPHOZAH, Ardelyx's expectations regarding the timing of a response to its appeal following the conclusion of the Advisory Committee meeting and Ardelyx's expectations regarding the role that XPHOZAH may play, if approved, in the management of hyperphosphatemia. Such forward-looking statements involve substantial risks and uncertainties that could cause Ardelyx's future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, uncertainties associated with the drug development process and the regulatory approval process. Ardelyx undertakes no obligation to update or revise any forward-looking statements. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to Ardelyx's business in general, please refer to Ardelyx's Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 28, 2022, and its future current and periodic reports to be filed with the Securities and Exchange Commission.
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SOURCE Ardelyx | https://www.kxii.com/prnewswire/2022/04/25/ardelyx-announces-fda-plan-convene-advisory-committee-xphozah-tenapanor/ | 2022-04-25T11:15:42Z |
ORANGE PARK, Fla., June 1, 2022 /PRNewswire/ -- Perpetual Pavement Awards (PPAs) celebrate long-life asphalt pavements. For 2021, a record number of 14 PPAs: By Performance were earned. Engineers at the National Center for Asphalt Technology (NCAT) at Auburn University evaluated the nominations and validated the results.
Since the program began in 2001, 170 pavements in 32 U.S. states have been honored with the award. PPAs: By Performance are awarded for high-performing asphalt pavements that are at least 35 years old, have not suffered a structural failure and have an average interval between resurfacing of no less than 13 years. The pavement must demonstrate the characteristics expected from long-life, Perpetual Pavement design: excellence in design, quality in construction, and value to taxpayers.
The 2021 PPA: By Performance winners are:
- Alabama Department of Transportation, North Region, for a 42-year-old 4-mile section of U.S. 72 (AL 2) in Jackson County. (ALDOT's 13th PPA.)
- Arkansas Department of Transportation for a 43-year-old 5.38-mile section of AR 9 in Stone County. (ARDOT's 12h PPA.)
- Florida Department of Transportation for a 61-year-old 2.56-mile section of SR 60 in Pinellas County. (FDOT's 12th PPA.)
- Maryland Department of Transportation State Highway Administration for a 48-year-old, 4.99-mile section of I-68 in Allegany County. (MDOT's sixth PPA.)
- Mississippi Department of Transportation for a 43-year-old 3.25-mile section of U.S. 82 from Oktibbeha County Line to 0.5 miles east of Catalpa Creek Bridge in Lowndes County. (MDOT's sixth PPA.)
- Nebraska Department of Transportation for a 59-year-old 4.68-mile section of N-1 in Cass County. (NDOT's fifth PPA.)
- Nevada Department of Transportation for a 41-year-old 2.276-mile section of SR 659, N. McCarran Blvd., from Mae Anne Ave. to N. Virginia St. in Washoe County. (NDOT's first PPA.)
- New Jersey Department of Transportation for a 53-year-old 3.3-mile section of I-287 in Morris County. (NJDOT's third PPA.)
- Ohio Department of Transportation, District 8, for a 53-year-old 2.64-mile section of I-275 in Hamilton County. (ODOT's sixth PPA.)
- Pennsylvania Department of Transportation, District 4-0, for a 56-year-old 2.78-mile section of SR 3022 in Luzerne County. (PennDOT's 11th PPA.)
- South Carolina Department of Transportation for a 45-year-old 4-mile section of I-95 in Jasper County. (SCDOT's 10th PPA.)
- Tennessee Department of Transportation for a 43-year-old 2.55-mile section of SR 50 in Maury County. (TDOT's record-number 17th PPA).
- Texas Department of Transportation for a 48-year-old 8.92-mile section of I-20 in Callahan County. (TxDOT's third PPA.)
- Washington State Department of Transportation for a 69-year-old 4.39-mile section of SR 7 in Pierce County. (WSDOT's eighth PPA.)
"One key indicator of quality in construction is a smooth, long-life pavement," said Amy Miller, P.E., National Director of the APA. "Long-life asphalt pavements serve the community, reduce the money needed for maintenance, and conserve raw materials, ultimately leading to a truly sustainable structure that exemplifies the triple bottom line."
For additional information about each of the projects, please visit Perpetual by Performance | Asphalt Pavement Alliance (driveasphalt.org)
For more information, contact:
Amy Miller, P.E., 904-591-3333
or amiller@asphaltroads.org
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SOURCE Asphalt Pavement Alliance | https://www.kxii.com/prnewswire/2022/06/01/asphalt-pavement-alliance-announces-winners-2021-perpetual-pavement-award-by-performance/ | 2022-06-01T10:20:58Z |
A look at what’s happening around the majors today:
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DUSTY 2K
Astros manager Dusty Baker tries for his 2,000th win as a major league manager when Houston hosts Seattle. Only 11 skippers have reached the mark so far.
The 72-year-old Baker posted his 1,999th victory when Houston blanked the Mariners 3-0 Monday night.
Baker is in his 25th season as a manager. He had previous stints with the Giants, Cubs, Reds and Nationals.
Cristian Javier (1-0, 1.35 ERA) starts for the Astros against Chris Flexen (1-3, 3.38).
WELCOME BACK
Padres right-hander Mike Clevinger is set to pitch in the majors for the first time since recovering from his second Tommy John surgery.
He’ll be back on a familiar mound, too. Clevinger will start against the Guardians at Progressive Field — he began his big league career with Cleveland in 2016 and excelled there until being dealt to San Diego before the 2020 trade deadline.
The 31-year-old Clevinger last pitched in the 2020 NL Division Series, starting Game 1 against the Dodgers and getting pulled after one scoreless inning. He missed last season after having elbow surgery.
Clevinger has made three starts in the minors this year with a 2.08 ERA. A friend of his, Zach Plesac, pitches for Cleveland against him.
OHTANI OPTIMISM
Angels star Shohei Ohtani could pitch at Boston later this week, manager Joe Maddon says.
Ohtani was held out of the starting lineup Monday, a day after the AL MVP exited because of tightness in his groin. He grounded out as a pinch-hitter in a 3-0 loss to the White Sox in Chicago.
Angels trainer Mike Frostad said Ohtani was “doing better this morning” and there were currently no plans for an MRI or to put the two-way sensation on the injured list.
Los Angeles opens a three-game series at Boston. Ohtani has played seven games at Fenway Park, going 10 for 30 with two home runs at the plate.
YANKS ROLL
Giancarlo Stanton, Aaron Judge and the New York Yankees go for their 11th straight win when they take on the Blue Jays in Toronto.
Jameson Taillon (1-1, 3.26 ERA) starts for the Yankees against Alek Manoah (4-0, 1.44). Manoah is 2-0 with a 1.53 ERA in three career starts against the Yankees.
Gleyber Torres had a go-ahead single in the ninth inning Monday to beat the Blue Jays 3-2.
This is the second straight season the Yankees have reeled off a double-digit winning string. They won 13 in a row last August.
HE’S AVAILABLE
Mets second baseman Robinson Canó has been cut with nearly $45 million remaining on his contract, leaving his future in doubt at 39.
The slumping Canó was designated for assignment in a move announced Monday about an hour before teams were required to trim their active rosters from 28 players to 26. He sat out last season while serving his second suspension for performance-enhancing drugs and was relegated to a part-time role this year.
Canó was batting .195 with one homer, three RBIs and a paltry .501 OPS in 43 plate appearances.
New York has seven days to trade or release Canó, or send him outright to the minors — an assignment he would have the right to refuse. It’s highly unlikely another club would claim Canó on waivers because it would be responsible for his full salary. But if he’s released by the Mets, a team could sign him for a prorated share of the $700,000 minimum this season and also pay the $710,000 minimum in 2023.
ROOKIE POWER
The Kansas City Royals have called up catcher MJ Melendez, who led the minors with 41 home runs last year.
The 23-year-old catcher had a combined 103 RBIs and a 1.011 OPS in Triple-A and Double-A last season. He has never played in the majors.
The Royals made the roster move after Cam Gallagher, who backs up All-Star catcher Salvado Perez, was put on the 10-day injured list because of a strained left hamstring. Gallagher will be out for an undetermined amount of time.
Kansas City lost its fourth in a row Monday, 1-0 at St. Louis in a makeup of a rainout last month. The Royals have dropped 21 of their last 28 to St. Louis dating to Aug. 7, 2017 — this I-70 interleague series now switches to the other side of Missouri for two games.
___
More AP MLB: https://apnews.com/hub/MLB and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/leading-off-astros-baker-goes-for-2000th-win-as-manager/ | 2022-05-03T16:51:49Z |
DALLAS (KDAF) — The Chefs For Farmers food and wine festival is coming back to North Texas from November 2-6.
The local farm-to-table dinner festival iconic to North Texas will benefit McKinney Roots, the Seed Project Foundation’s donation farm aimed at eliminating hunger in Collin County with fresh, organic produce.
Officials say the goal of the festival is to showcase the dynamic talents of Dallas chefs, artisans, and farmers who make exceptional, seasonal, and sustainable food possible.
“We’re thrilled to partner with Chefs for Farmers as the beneficiary of this year’s festivities!” said Rick Wells, president of the Seed Project Foundation. “The Seed Project Foundation has been supporting our local North Texas farmers for the last six years from our home in McKinney, and we’re very excited to share our mission with Dallas. The funds we raise through Chefs for Farmers will benefit our donation farm McKinney Roots, allowing us to grow and donate more fresh organic produce to feed the hungry in our area.”
Guests can expect an extensive chef, artisan, and farmer line as well as fun events and experiences. To see those experiences and for more information, click here. | https://cw33.com/news/local/chefs-for-farmers-food-and-wine-festival-making-a-comeback-nov-2-nov-6/ | 2022-09-07T19:56:10Z |
WALTHAM, Mass., April 6, 2022 /PRNewswire/ -- More than 1,400 students, faculty, staff, alumni, trustees, friends of the university and representatives of other colleges celebrated the inauguration of E. LaBrent Chrite, PhD, as the ninth president in Bentley University's 105-year history. In a livestreamed ceremony in the Bentley Arena, Chrite was welcomed and praised for his leadership skills and strong belief in business as a force for good in the world.
"President Chrite personifies our strong belief in the power of business to create solutions to human problems," said Bentley Trustee Chair J. Paul Condrin '83, P'19 '22. "For much of his career, he has dedicated himself to improving business education, developing market-based economies and expanding economic opportunities for organizations and people around the world. President Chrite is a shining example of the type of leader we hope all of our students aspire to be — using knowledge, wisdom, compassion and a strong business mindset to change the world."
Chrite has more than 25 years of leadership experience in higher education. Before Bentley, he was the president of Bethune-Cookman University, an iconic historically Black college in Florida. He also served as dean of the University of Denver's Daniels College of Business and of the Feliciano School of Business at Montclair State University and in academic and senior leadership roles at the University of Arizona's Eller College of Management and the Ross School of Business at the University of Michigan.
In a tradition-steeped ceremony at the Bentley Arena, Chrite walked to the stage as part of an academic procession of more than 200 delegates, many from other colleges and universities who were lined up precisely based on the year of their founding, from Harvard University (1636) and Yale (1701) to William James College (1974) and Olin College of Engineering (1997). The delegates wore satin-lined hoods and brightly colored cassock-like gowns reflecting the college that awarded their highest degree and the field in which it was earned — beige for Accounting and Business, copper for Economics, purple for Law.
As he rose and stepped to the podium, Chrite looked over an audience that included his wife Phyllis, children Elrie, Adriana and Jordan, and friends from across the country. Blue inauguration pennants waved throughout the crowd, and many students wore inauguration T-shirts with "Chrite - 9" on the back to welcome and honor the university's ninth president.
Chrite said he and Phyllis were "deeply moved by the outpouring of support, goodwill and generosity expressed here this afternoon." He said Bentley's greatest strength is its ability to empower the next generation of students and business leaders to realize their full potential.
"The American Dream includes the possibility that all citizens have the opportunity to move up — or down — the economic ladder," he said. "In a society that is neither fully meritocratic nor egalitarian, higher education in general and places like Bentley in particular represent a vital gateway to mobility.
"Mobility, access and opportunity are ideas that were central to our university at its founding," he said.
Bentley was founded by Harry C. Bentley in 1917 to prepare a new generation of students for professional careers in business, and the university has been reinventing business education for more than a century. Chrite, the university's first Black president, has worked to develop the private sector and spur development and economic opportunities for residents around the world, including in Afghanistan, Africa, Central Asia and the Middle East.
Trustee Nick Stavropoulous '79, in remarks read in his absence by fellow trustee Lebone Moses '02, praised Chrite as "a leader who may look unlike any we've ever had but whose commitment to using business to do good in the world represents every single one of us."
Chrite started as Bentley's president on June 1, 2021, but asked that his inauguration be delayed so the university could focus on students last fall and a full return to operations after the pandemic.
Debora Spar, PhD, Jaime and Josefina Chua Tiampo Professor of Business Administration and senior associate dean of business and global society at Harvard Business School, said she observed three successful leadership traits in Chrite: common sense, heart and the ability to make tough decisions.
Spar, who also serves as a university trustee, said in her keynote address that Chrite was the type of educational leader who remains "perpetually willing to seek and revel in the magic that education can, and should, bring."
"Brent is that kind of leader," she said. "He has seen the transformative power of education in his own life and has dedicated his life to bringing that same transformation to others."
B. Joseph White, PhD, president emeritus at the University of Illinois, has known Chrite for 30 years since they worked together at the Ross School of Business at the University of Michigan. He said a university president has many jobs, including setting the school's direction, raising money and being chief HR person for the faculty – but those aren't the most important.
"The most important job is creating an environment in which young adults with the guidance of the faculty can learn, develop and thrive. Find their way. Nail down their values. Experience achievement. Overcome adversity. Prepare for the future," White said in his keynote address. "Brent will deliver that leadership: firm and friendly, with clarity and consensus, through diligence and deliberation."
Others spoke of the connections Chrite had quickly made with the Bentley community. Since arriving on campus, he has become a popular and often-seen fixture working out at the Dana Center gym, participating in on-campus events or just walking around campus with his backpack from meeting to meeting.
"I see President Chrite as the president of the masses," said Hiral Mehta MSBA '22, MBA '22. "Through my interactions with him both formally or informally, at graduate events or at the gym, what stuck with me is his rigor and passion to make a difference and create a strong, diverse and engaging community."
After the keynote addresses were finished, Board Chair Condrin stepped to the podium and called Chrite forward for the moment all had been waiting for. Condrin lifted the university's presidential medallion — a chain symbolizing the authority of the office that includes the names of every past Bentley president — over Chrite's head and placed it onto his shoulders. "We are confident that your enthusiasm for Bentley University's mission, vision and core values; your wise and collaborative leadership style; and your belief in the power of business to create solutions to human problems will enable the institution to fulfill its great promise for years to come," Condrin said. "On behalf of the board of trustees, I welcome you as president of Bentley University. You have our full confidence and unwavering support to lead this institution through the next chapter in its history."
Bentley University is more than just one of the nation's top business schools. It is a lifelong-learning community that creates successful leaders who make business a force for positive change. With a combination of business and the arts and sciences and a flexible, personalized approach to education, Bentley provides students with critical thinking and practical skills that prepare them to lead successful, rewarding careers. Founded in 1917, the university enrolls 4,000 undergraduate and 1,000 graduate and PhD students and is set on 163 acres in Waltham, Massachusetts, 10 miles west of Boston. For more information, visit bentley.edu.
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SOURCE Bentley University | https://www.mysuncoast.com/prnewswire/2022/04/06/bentley-celebrates-inauguration-ninth-president-e-labrent-chrite/ | 2022-04-07T05:57:10Z |
PALM BEACH GARDENS, Fla., July 5, 2022 /PRNewswire/ -- Carrier Global Corporation (NYSE:CARR) will release its second quarter 2022 earnings on Thursday, July 28 and host a conference call and webcast at 7:30 a.m. ET.
The webcast and presentation will be available at ir.carrier.com. To listen to the earnings call by phone, participants must pre-register at Carrier Earnings Call Registration. All registrants will receive dial-in information and a PIN allowing access to the live call. A recording will be archived and available for replay later on the site.
About Carrier
As the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, Carrier Global Corporation is committed to making the world safer, sustainable and more comfortable for generations to come. From the beginning, we've led in inventing new technologies and entirely new industries. Today, we continue to lead because we have a world-class, diverse workforce that puts the customer at the center of everything we do. For more information, visit www.Corporate.Carrier.com or follow us on social media at @Carrier.
CARR-IR
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SOURCE Carrier Global Corporation | https://www.kxii.com/prnewswire/2022/07/05/carrier-second-quarter-earnings-advisory/ | 2022-07-05T20:42:23Z |
Biden health secretary pledges medication abortion access
(AP) - President Joe Biden’s top health official said Tuesday that “every option is on the table” when it comes to helping women access abortion in the wake of the Supreme Court decision overturning Roe v. Wade.
But the administration’s options are limited despite its strong criticism of the Supreme Court’s decision Friday. Biden called the ruling “a sad day for the court and the country.” Health and Human Services Secretary Xavier Becerra called it “despicable” on Tuesday.
The decision puts abortion rights smack in the middle of the November elections, both for Congress and in the states.
At a news conference Tuesday, Becerra acknowledged that there was “no magic bullet” to ensure abortion access for those who want it. But he pledged that “if there is something we can do, we will find it and we will do it at HHS.”
He said the administration would work to ensure that medication abortions remain available, that patient privacy is preserved and family planning care like emergency contraceptives is protected.
“Medication abortion has been approved by the FDA for years and is safe for patients,” he said. “It is the gold standard for care when someone who’s pregnant experiences a miscarriage, which is all too real for many expectant mothers across the country.”
The HHS secretary noted that federal law requires the providing of medication abortion in cases involving rape or incest or to protect the life of the mother.
“Now more than ever, it is imperative that all federally supported programs and services are complying with the law,” he said.
Becerra said he also wants his department to examine its authority to ensure that the judgment of doctors and hospitals is supported in treating pregnant patients, “including those experiencing pregnancy loss or complications and reaffirming that abortion care can be appropriate to stabilize patients.
Despite the ruling, he said, “the rights continue forward, whether it’s family planning, whether it is in birth control services, and we want to make sure that there’s no misunderstanding and that we will enforce any violations of those rights.”
Asked if the administration was considering setting up abortion clinics on federal land, as some Democrats have suggested, Becerra didn’t rule it out, saying no decision had been made yet.
“Every option is on the table,” he said. “We will take a look at everything we can, and everything we do will be in compliance with the law.”
But White House press secretary Karine Jean-Pierre told reporters that such an option could put women and care providers who are not federal employees at risk for prosecution in states where abortion is now illegal.
Jean-Pierre, speaking aboard Air Force One — where Biden was flying between summits in Germany and Spain — called that proposal “well intentioned” but also noted that “there’s actually dangerous ramifications to doing this.”
Becerra on Tuesday also was asked about the prospect of providing transportation to women who travel to another state to get an abortion and how the government would ensure that doesn’t conflict with the Hyde Amendment, which bans federal funding for abortions except in cases of rape, incest or to protect the life of the mother.
“Once we tell you exactly what we believe we are able to do, have the money to do, we will let you know,” he said.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/06/28/biden-health-secretary-pledges-medication-abortion-access/ | 2022-06-28T19:14:30Z |
The new program solidifies ACE's commitment to accelerate leaders who seek to do good through the power of business.
INDIANAPOLIS, Aug. 23, 2022 /PRNewswire/ -- American College of Education (ACE) announced today its latest business degree program, the Master of Science in Sustainable Management, designed to prepare students to lead sustainable and socially responsible initiatives in their future business objectives and in new and existing enterprises.
As a leader in online higher education, ACE aims to fill a growing need of professionals in today's business landscape who have the understanding and skills to lead and manage sustainable, environmental practices within economic industries such as agriculture, energy and technology. ACE designed this coursework to align with the United Nations' 17 Sustainable Development Goals, a set of multi-national guidelines that balance efforts to improve health, education and spur economic growth all while tackling climate change.
The M.S. program has three specialized areas: entrepreneurship, business performance, nonprofit leadership or students can take courses from each area for a general track. Students can complete the M.S. in Sustainable Management for less than $9,000, an affordable cost that includes tuition and fees, in just 15 months and can enroll as early as August 23, 2022, to start in the January 2023 term.
"Developing this program reflects ACE's unwavering commitment to provide affordable, accessible and high-quality programs to students nationwide," ACE Assistant Provost of Business Professions, Dr. Crystal Neumann said. "The curriculum will be taught by professors who are current professionals in sustainability and will offer purposeful, relevant expertise to their students. Courses will prepare ACE students with the skills to bolster their own professional communities as business leaders in an ever-changing global environment."
The M.S. in Sustainable Management degree furthers ACE's mission as a Certified B Corporation to solve social and environmental problems through the power of business. It joins ACE's other impact-focused business programs – an MBA in Social Impact, M.S. in Organizational Leadership and the recently launched Micro-credential in Sustainability, that can apply to the new master's program.
About American College of Education
American College of Education (ACE) is an accredited, 100% online college specializing in high-quality, affordable programs in education, business, leadership, healthcare and nursing. Headquartered in Indianapolis, ACE offers more than 70 innovative and engaging programs for adult students to pursue a doctorate, specialist, master's or bachelor's degree, along with micro-credentials and graduate-level certificate programs. In addition to being a leader in online education, ACE is a Certified B Corporation. Certified B Corporations are leaders of a global movement to use the power of business to solve social and environmental problems.
MEDIA CONTACT:
Catherine Masri
Catherine.masri@hkstrategies.com
214-886-5870
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SOURCE American College of Education | https://www.mysuncoast.com/prnewswire/2022/08/23/american-college-education-launches-online-ms-sustainable-management-degree/ | 2022-08-23T13:08:19Z |
BEIJING, May 19, 2022 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the three months ended March 31, 2022.
First Quarter 2022 Operating and Financial Highlights
Total computing power sold was 4.3 million Thash/s, representing an increase of 119.1% from 2.0 million Thash/s in the same period of 2021.
Revenues were RMB1,356.1 million (US$213.9 million), representing an increase of 236.7% from RMB402.8 million in the same period of 2021.
Gross profit was RMB829.8 million (US$130.9 million), representing an increase of 327.2% from RMB194.2 million in the same period of 2021.
Net income was RMB441.6 million (US$69.7 million), compared to a net income of RMB1.2 million in the same period of 2021.
Non-GAAP adjusted net income was RMB543.4 million (US$85.7 million), representing an increase of 279.5% from RMB143.2 million in the same period of 2021.
Mr. Nangeng Zhang, Chairman and Chief Executive Officer of Canaan, commented, "We kicked off the year 2022 in an increasingly unpredictable environment due to macroeconomic uncertainties and logistic disruptions caused by the COVID-19 pandemic. While confronting these challenges, we remained steadfast in our commitment to strengthening our partnerships with clients and expanding our global coverage. As a result, our computing power sold in the first quarter reached 4.3 million Thash/s, representing an increase of 119.1% from 2.0 million Thash/s in the same period of 2021. As we continued to develop globally, we established an international headquarters in Singapore which has already earned recognition and support from the local authorities. In order to provide best-in-class service and amplify our global reach, we are investing in building up our network of after-sales service centers overseas. We also recently launched an online store to enable global retail clients to seamlessly purchase our products. We have also been ramping up our mining business despite power shortages, and we now hold a total of 166.96 bitcoins on our balance sheet as of March 31, 2022. Looking ahead, while we are cognizant of the near-term headwinds, we are confident that our extensive experience, increasingly globalized operations, and execution capabilities put us in a solid position to navigate the current period of uncertainty."
Mr. James Jin Cheng, Chief Financial Officer of Canaan, stated, "We delivered revenues of RMB1,356.1 million in the first quarter of 2022. The underperformance of our topline result for the quarter was anticipated, given the sudden suspension of delivery logistics during the second half of March, resulting from COVID-19 control measures in the city where our factory and warehouses are located. Since the end of March, we have been gradually resuming production and delivery, following the guidelines from the local governments. I am pleased to report that all of the employees at our factory are healthy and have returned to their posts. As of present, we have shipped out most of the delayed orders from the first quarter. In addition, despite increasing costs for raw materials, especially wafers, we managed to achieve a net income of RMB441.6 million. We are staying vigilant and will dynamically manage our operations to navigate through the challenges ahead, including the recent downward fluctuation in the bitcoin price, COVID-19 resurgence, and ongoing supply chain constraints. Our solid balance sheet with a cash position of RMB2,643.2 million as of March 31, 2022, provides us considerable liquidity to further strengthen product offerings, optimize services, and expand our presence in international markets. At the same time, in the capital markets, we are facing pressure from both cryptocurrency price fluctuations and potential de-listing risks. The share repurchase program we announced in March this year reflects our confidence in the long-term prospects of the Company's business and our commitment to shareholder value."
First Quarter 2022 Financial Results
Revenues in the first quarter of 2022 were RMB1,356.1 million (US$213.9 million), representing an increase of 236.7% from RMB402.8 million in the same period of 2021. The year-over-year increase was mainly attributable to the increase in total computing power sold and the average selling price per Thash/s.
Cost of revenues in the first quarter of 2022 was RMB526.3 million (US$83.0 million), representing an increase of 152.4% from RMB208.6 million in the same period of 2021. The year-over-year increase in cost of revenues was in line with revenue growth.
Gross profit in the first quarter of 2022 was RMB829.8 million (US$130.9 million), representing an increase of 327.2% from RMB194.2 million in the same period of 2021.
Total operating expenses in the first quarter of 2022 were RMB251.5 million (US$39.7 million), representing an increase of 21.0% from RMB207.9 million in the same period of 2021.
Research and development expenses in the first quarter of 2022 were RMB101.2 million (US$16.0 million), representing an increase of 73.9% from RMB58.2 million in the same period of 2021. The year-over-year increase was primarily attributable to the increased staff costs in technology-related departments as well as increased costs associated with new product development. Research and development expenses in the first quarter of 2022 also included share-based compensation expenses of RMB20.0 million (US$3.1 million).
Sales and marketing expenses in the first quarter of 2022 were RMB20.0 million (US$3.2 million), representing an increase of 217.0% from RMB6.3 million in the same period of 2021. The year-over-year increase was mainly driven by increased staff costs and advertising expenses. Sales and marketing expenses in the first quarter of 2022 also included share-based compensation expenses of RMB2.1 million (US$0.3 million).
General and administrative expenses in the first quarter of 2022 were RMB130.4 million (US$20.6 million), representing a decrease of 9.1% from RMB143.4 million in the same period of 2021. The year-over-year decrease was mainly due to decreased share-based compensation expenses, partially offset by increased staff costs and administrative expenses. General and administrative expenses in the first quarter of 2022 also included share-based compensation expenses of RMB79.3 million (US$12.5 million).
Income from operations in the first quarter of 2022 was RMB578.3 million (US$91.2 million), compared to a loss from operations of RMB13.7 million in the same period of 2021.
Net income attributable to ordinary shareholders in the first quarter of 2022 was RMB441.6 million (US$69.7 million), compared to a net income of RMB1.2 million in the same period of 2021.
Non-GAAP adjusted net income in the first quarter of 2022 was RMB543.4 million (US$85.7 million), representing an increase of 279.5% from RMB143.2 million in the same period of 2021. Non-GAAP adjusted net income excludes share-based compensation expenses and change in fair value of warrant liability. For further information, please refer to "Use of Non-GAAP Financial Measures" in this press release.
Foreign currency translation adjustment, net of nil tax, in the first quarter of 2022 was a loss of RMB4.8 million (US$0.8 million), compared with a gain of RMB2.4 million in the same period of 2021, due to the US dollar appreciation against the Renminbi during the first quarter of 2022.
Basic net earnings per American depositary share ("ADS") in the first quarter of 2022 was RMB2.57 (US$0.41). In comparison, basic net earnings per ADS in the same period of 2021 was RMB0.01. Each ADS represents 15 of the Company's Class A ordinary shares.
Diluted net earnings per ADS in the first quarter of 2022 was RMB2.57 (US$0.41). In comparison, diluted net earnings per ADS in the same period of 2021 was RMB0.01. Each ADS represents 15 of the Company's Class A ordinary shares.
As of March 31, 2022, the Company held cryptocurrency assets that comprised 166.96 Bitcoins, with a carrying value of RMB45.3 million (US$7.1 million).
Contract liabilities as of March 31, 2022, were RMB1,769.9 million (US$279.2 million), increasing from RMB1,340.7 million as of December 31, 2021, mainly due to increased customer advances from sales orders of Bitcoin mining machines.
As of March 31, 2022, the Company had cash and cash equivalents of RMB2,643.2 million (US$417.0 million), essentially remaining flat compared to RMB2,684.3 million as of December 31, 2021, as the increased cash from customer advances was offset by increased prepayment to suppliers and income tax payment during the first quarter of 2022.
Shares Outstanding
As of March 31, 2022, the Company had a total of 158,329,596 ADSs outstanding, each representing 15 of the Company's Class A ordinary shares. The increase in the total ADS outstanding compared with the end of the fourth quarter of 2021 was due to the ADSs transferred from outstanding Class A ordinary shares held by an existing shareholder.
Recent Developments
The Impact of the Recent COVID-19 Quarantine Control
Recently, local governments in a number of cities in China have initiated quarantine control mandates due to the recent resurgence of COVID-19 cases. On March 14, 2022, the government implemented a five-day quarantine lock-down for all residents and businesses in the city where the Company's mining machine factory and warehouses are located. This strict quarantine control period was further extended until the end of March. This lock-down measure resulted in the logistics suspension for the delivery of the Company's mining machines to clients that have made down payments or fully prepaid for computing power orders. As such, the Company's revenue recognition in the first quarter of 2022 was adversely affected due to the delay in its inventory delivery.
The Company actively cooperates with the local government for pandemic control and has taken measures to ensure the health and safety of its employees in the affected region. Since the end of March, the Company has been gradually resuming production and delivery under the guidance of the local government. As of the date of this press release, the Company has completed the delivery of most of the delayed orders from the first quarter.
The Company is closely monitoring the evolvement of the COVID-19 pandemic situation and may adjust its operations further according to the quarantine requirements by the local government.
The Company's Share Repurchase Update
In the first quarter of 2022, the Company repurchased a total of 2.1 million ADSs with an aggregate value of US$10.3 million and an average repurchase price of US$4.81 per ADS. As of the March 31, 2022, the Company has completed the share repurchase program of U$20 million approved in September 2021.
On March 16, 2022, the Company announced that its board of directors authorized a share repurchase program under which the Company may repurchase up to US$100 million worth of its outstanding (i) American depositary shares, each representing 15 Class A ordinary shares, and/or (ii) Class A ordinary shares over the next 24 months starting from March 16, 2022.
The At-the-Market ("ATM") Offering
On April 8, 2022, the Company entered into an at-the-market offering agreement (the "ATM Agreement"), providing for an at-the-market ("ATM") equity offering program, with H.C. Wainwright & Co., LLC ("HCW").
The Company does not currently expect to sell any ADS under the ATM program at this point in time. However, the program has been established as a flexible mechanism for the Company to access public capital markets in the future. The timing and extent of the use of the ATM program will be at the discretion of the Company, provided that the Company has satisfied certain obligations set forth in the ATM agreement, and any equity offerings will be disclosed on a quarterly basis.
The Company will prioritize shareholder interests and the general market when considering the execution of its financing plans and will make proactive adjustments to accommodate market conditions.
Business Outlook
For the second quarter of 2022, the Company expects total net revenues to be in the range of RMB1,600 million (US$252.4 million) to RMB1,800 million (US$283.9 million), representing an increase of 48% to 67% from the second quarter of 2021. This forecast reflects the Company's current and preliminary views on the market and operational conditions, which are subject to change.
Conference Call Information
The Company's management team will hold a Direct Event conference call at 8:00 A.M. U.S. Eastern Time on May 19, 2022 (or 8:00 P.M. Beijing Time on the same day) to discuss the financial results. Details for the conference call are as follows:
Event Title: Canaan Inc. First Quarter 2022 Earnings Conference Call
Registration Link: http://apac.directeventreg.com/registration/event/4736536
All participants must use the link provided above to complete the online registration process in advance of the conference call. Upon registering, each participant will receive a set of participant dial-in numbers, the Direct Event passcode, and a unique access PIN, which can be used to join the conference call.
A replay of the conference call will be accessible through May 26, 2022, by dialing the following numbers:
International: +61-2-8199-0299
United States: +1-646-254-3697
Hong Kong, China: +852-3051-2780
Replay PIN: 4736536
A live and archived webcast of the conference call will also be available at the Company's investor relations website at investor.canaan-creative.com.
About Canaan Inc.
Established in 2013, Canaan (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. The company's vision is "super computing is what we do, social enrichment is why we do it." Canaan has a rich experience in chip design and streamlined production in the ASIC field. In 2013, it released and mass produced its first ASIC Bitcoin mining machine. In 2018, Canaan released the world's first 7nm ASIC chip, providing energy efficient computing equipment to the cryptocurrency mining industry. In the same year, Canaan released the world's first RISC-V architecture commercial edge AI chip, further harnessing the potential of ASIC technology in the field of high-performance computing and artificial intelligence.
Exchange Rate Information
This announcement contains translations of certain RMB amounts into U.S. dollars ("US$") at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB6.3393 to US$1.00, the noon buying rate in effect on March 31, 2022, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all.
Safe Harbor Statement
This announcement contains forward−looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Canaan Inc.'s strategic and operational plans, contain forward−looking statements. Canaan Inc. may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("SEC") on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Canaan Inc.'s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition and results of operations; the expected growth of the Bitcoin industry and the price of Bitcoin; the Company's expectations regarding demand for and market acceptance of its products, especially its Bitcoin mining machines; the Company's expectations regarding maintaining and strengthening its relationships with production partners and customers; the Company's investment plans and strategies, fluctuations in the Company's quarterly operating results; competition in its industry in China; and relevant government policies and regulations relating to the Company and cryptocurrency. Further information regarding these and other risks is included in the Company's filings with the SEC, including its registration statement on Form F−1, as amended, and its annual reports on Form 20−F, as amended. All information provided in this press release and in the attachments is as of the date of this press release, and Canaan Inc. does not undertake any obligation to update any forward−looking statement, except as required under applicable law.
Use of Non-GAAP Financial Measures
In evaluating Canaan's business, the Company uses non-GAAP measures, such as adjusted net income, as supplemental measures to review and assess its operating performance. The Company defines adjusted net income as net income excluding sharebased compensation expenses and change in fair value of warrant liability. The Company believes that the non-GAAP financial measures provide useful information about the Company's results of operations, enhance the overall understanding of the Company's past performance and future prospects and allow for greater visibility with respect to key metrics used by the Company's management in its financial and operational decision-making.
The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools and investors should not consider them in isolation, or as a substitute for net income, cash flows provided by operating activities or other consolidated statements of operations and cash flows data prepared in accordance with U.S. GAAP. One of the key limitations of using adjusted net income is that it does not reflect all of the items of income and expense that affect the Company's operations. Share-based compensation and change in fair value of warrant liability have been and may continue to be incurred in Canaan's business and are not reflected in the presentation of adjusted net income. Further, the non-GAAP financial measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited. The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company's performance.
Investor Relations Contact
Canaan Inc.
Ms. Xi Zhang
Email: IR@canaan-creative.com
ICR, LLC.
Robin Yang
Tel: +1 (347) 396-3281
Email: canaan.ir@icrinc.com
The table below sets forth a reconciliation of net income to non-GAAP adjusted net income for the period indicated:
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SOURCE Canaan Inc. | https://www.mysuncoast.com/prnewswire/2022/05/19/canaan-inc-reports-unaudited-first-quarter-2022-financial-results/ | 2022-05-19T09:20:17Z |
NEW YORK, June 16, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Li-Cycle Holdings Corp. f/k/a Peridot Acquisition Corp. ("Li-Cycle" or the "Company") (NYSE: LICY) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Li-Cycle investors who were adversely affected by alleged securities fraud between February 16, 2021 and March 23, 2022. Follow the link below to get more information and be contacted by a member of our team:
https://www.zlk.com/pslra-1/li-cycle-holdings-corp-loss-submission-form?prid=28601&wire=4
LICY investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) Li-Cycle's largest customer, Traxys, is not actually a customer, but merely a broker providing working capital financial to the Company while Traxys tries to sell Li-Cycle's product to end customers; (2) the Company engaged in highly questionable related party transactions; (3) the Company's mark-to-model accounting is vulnerable to abuse and gave a false impression of growth; (4) a significant portion of the Company's reported revenues were derived from simply marking up receivables on products that had not been sold; (5) the Company's gross margins have likely been negative since inception; (6) the Company will require an additional $1 billion of funding to support its planned growth (which is a figure greater than the Company raised via the merger); and (7) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.
WHAT'S NEXT? If you suffered a loss in Li-Cycle during the relevant time frame, you have until June 20, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP | https://www.kxii.com/prnewswire/2022/06/16/licy-lawsuit-alert-levi-amp-korsinsky-notifies-li-cycle-holdings-corp-fka-peridot-acquisition-corp-investors-class-action-lawsuit-upcoming-deadline/ | 2022-06-16T10:30:56Z |
Pamper your pooch – it’s National Rescue Dog Day!
(CNN) - It’s time to recognize the lovable canines you may have adopted in your life and all the benefits they can offer as pets. Friday is National Rescue Dog Day.
According to the ASPCA, nearly 3.5 million dogs enter shelters each year. Many are abandoned and abused and most overcome extreme obstacles.
Yet, they’re able to provide comfort, security and friendship as family pets.
With training, they can help people with disabilities become independent and give comfort to the elderly.
As emotional support companions, they can also help relieve anxiety, depression and PTSD.
You can still observe the day even if you haven’t adopted a rescue dog by volunteering at a local shelter or making a financial donation.
You could also foster a dog to help prepare them for adoption.
If you’re already a pet owner, make sure they’re spayed or neutered as overpopulation is the number one reason shelters exist.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.kxii.com/2022/05/20/pamper-your-pooch-its-national-rescue-dog-day/ | 2022-05-20T14:28:55Z |
FORT WORTH (KDAF) — Children are about to head back to school soon and the Fort Worth Police Department is giving away free school supplies.
On Friday, July 29, the department along with other community partners will be hosting an outdoor showing of the Disney movie Encanto at 2755 Ellis Ave.
The event begins at 5:30 p.m. with the movie starting at dusk. You will have to bring your own lawn chairs and picnic blankets, but there will be free refreshments available.
At this event, officials will be giving away backpacks filled with school supplies and there will be back-to-school vaccines there as well. | https://cw33.com/news/local/fort-worth-pd-celebrating-back-to-school-with-free-outdoor-movie-school-supplies-giveaway/ | 2022-07-28T20:14:36Z |
Wednesday was the deadline for the US Food and Drug Administration's Center for Tobacco Products to take action on popular synthetic nicotine products, but the agency stopped short of the drastic moves demanded by lawmakers and anti-tobacco advocates.
Synthetic nicotine is the industry's attempt to sidestep FDA oversight with lab-made nicotine, which doesn't come from tobacco and thus wasn't considered within the agency's purview. But the national spending package enacted in March "makes clear that FDA can regulate tobacco products containing nicotine from any source," the agency said in April, just before the law took effect.
Companies had until May 14 to submit a premarket application to keep their products on the market. Those that did not win the FDA's authorization of e-cigarettes that used synthetic nicotine would need to be pulled by July 13.
On Wednesday, the FDA announced what it called "its first two warning letters" to manufacturers for unlawfully marketing non-tobacco nicotine e-liquid products without the required authorizations.
The letters went to AZ Swagg Sauce LLC and Electric Smoke Vapor House, which have a combined 10,000 products, according to the FDA. Neither company submitted a premarket application by the deadline, the agency said.
Under the law, anyone who makes or sells "non-tobacco nicotine" must comply with FDA regulations, which also include not selling to people under 21, not giving away samples and not making claims that their products are less harmful than cigarettes without FDA authorization.
The FDA said Wednesday that it also sent 107 warning letters to retailers in the past two weeks for illegally selling synthetic nicotine products to underage buyers.
"FDA has been fully committed to actively implementing this critical new law regulating non-tobacco nicotine products since its passage, and the warning letters announced today are just the beginning of our compliance and enforcement actions," said Brian King, director of the Center for Tobacco Products. "In the coming weeks, we will continue to investigate companies that may be marketing, selling, or distributing non-tobacco nicotine products illegally and will pursue action, as appropriate."
After Wednesday, any new synthetic nicotine product without premarket authorization from the FDA cannot be legally marketed. The FDA says it is processing 1 million applications for synthetic nicotine products submitted by more than 200 makers.
Anti-tobacco advocates say the FDA's action is not enough.
"It's not even a step forward. It's them lifting their foot," said Erika Sward, national assistant vice president of advocacy for the American Lung Association. "Taking action against the retailers does not cut the beast off at the head. They need to cut the beast off at the head and deal with the manufacturers and order the products off the market.
"All products are supposed to be ordered off the market [Thursday], and there's no excuse for any of them to remain," Sward said.
The FDA didn't address the most popular player on the market, Puff Bar, a disposable brand that comes in a variety of flavors including mango, strawberry banana and peach ice. The product was the most popular among students in 2021, with more than a quarter of kids in high school who currently vaped saying Puff Bar was their usual brand.
"This deadline was significant because it involves the product most popular and the brand most popular among kids, and that's Puff Bar," Sward said. "If FDA is going to really act to protect kids, Puff Bar needs to be the place it starts. We were fully expecting and hoping to see Puff Bar off the market, and I think that was pretty clear that was what Congress wanted."
Puff Bar did not respond to a request for comment.
Sens. Susan Collins, R-Maine, and Dick Durbin, D-Illinois, sent a letter to the FDA to urge it to meet its deadline, and Durbin criticized the agency from the Senate floor on Wednesday.
"The FDA is supposed to protect all Americans, and particularly our children. I'm calling on FDA to finally come to its senses. Err on the side of public safety, on the side of kids, not tobacco companies. This free fall in the legal department at the FDA is unimaginable. It's not safe for America. And it's not safe for our future," he said.
Anti-tobacco groups have voiced their frustration with the FDA for its inaction on this and other issues.
"In March, Congress gave clear deadlines to FDA when it passed a law requiring FDA to regulate tobacco products made with synthetic nicotine," said American Lung Association President and CEO Harold Wimmer. "The FDA has the tools it needs and now must act to immediately remove these products from the market as Congress required."
In May, the FDA announced that it would not finish reviewing all the premarket applications from e-cigarette companies until June 2023, nearly two years past its court-ordered deadline to make a decision about those products.
More than 2 million middle and high school students used e-cigarettes in 2021, according to the National Youth Tobacco Survey.
"The continued delay by the FDA puts more kids at risk of becoming addicted to these products. We urge FDA to swiftly remove all synthetic nicotine products from the market and put strict enforcement measures in place," Wimmer said.
Last week, the FDA announced a stay of its order to remove all of Juul Labs' vaping products from store shelves, after a US appeals court entered a temporary administrative stay June 24. The agency cited "scientific issues" and said they warranted additional review. Anti-tobacco groups accused the agency of sending mixed signals.
The Biden administration has made some moves to discourage smoking. In June, it signaled that it will develop a proposed rule to establish a maximum nicotine level in cigarettes and other tobacco products.
The FDA also proposed a rule to ban menthol cigarettes and flavored cigars in April. It held listening sessions on the topic this summer, and the agency is reviewing the comments before a rule becomes finalized. However, tobacco companies are expected sue to keep the rule from going into effect.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/features/health/fda-sends-warning-letters-on-synthetic-nicotine-missing-deadline-for-more-severe-action/article_22b00390-f2a8-59a2-bd7c-07416157512a.html | 2022-07-14T14:41:42Z |
Online auction held for lost and found items from Las Vegas airport
By Caitlin Lilly
Click here for updates on this story
LAS VEGAS (KVVU) — Have you ever left something at the airport in Las Vegas and never picked it up? It might be up for auction.
From May 9 through 13, the public can bid on an online auction for items from the lost and found at Las Vegas’ Harry Reid International Airport.
Looking through the catalog, items range from bags of jewelry to gift cards and Canon cameras and lens.
According to organizer TNT Auction, all items are for local pickup only, no shipping is available.
TNT Auction notes that the items are sold as-is and do not come with warranties or guarantees.
To view the catalog and read more information, visit: tntauction.com/calendar/278
Please note: This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform. | https://localnews8.com/cnn-regional/2022/05/09/online-auction-held-for-lost-and-found-items-from-las-vegas-airport/ | 2022-05-09T20:25:42Z |
Mayors prioritize fight against gun violence and climate change, and promote economic solutions like infrastructure, broadband, and EVs
RENO, Nev., June 6, 2022 /PRNewswire/ -- On the final day of the U.S. Conference of Mayors' 90th Annual Meeting, mayors gathered to set the Conference agenda and install new Conference officers for the next year. A business meeting Monday morning here in Reno marked the conclusion of an action-packed Annual Meeting, the first in person since 2019.
"It was fantastic to have America's mayors back together in person," said USCM President Miami Mayor Francis Suarez. "The Meeting has reaffirmed that mayors are the ones committed to delivering solutions to the big challenge facing this country. It's impossible not to be inspired by the great leaders of this Conference, and I am grateful to be trusted by my colleagues to lead the organization for another year."
On Friday and Saturday, USCM standing committees met and advanced dozens of policy resolutions, and today they were considered by the full body. Among the resolutions passed, mayors reaffirmed their commitment to addressing the public health crisis of gun violence, calling for universal background checks, a red flag law, and increasing the age to purchase a handgun or assault weapon to 21. All through the Meeting, mayors have shared their experiences with the toll gun violence has taken in their communities, and kept that top of mind going into the final meeting.
Other resolutions adopted today advance policy on issues like climate change, housing, infrastructure, broadband, tourism, electric vehicles, and mental health. These proposals will now serve as official USCM policy and will guide the organization's advocacy efforts for the coming year. You can read more about the committee meetings held over the past several days in these recaps here and here.
Closing out the final meeting, newly elected officers of the Conference were installed. Miami (FL) Mayor Francis Suarez, who has been serving as USCM President since former Dayton (OH) Mayor Nan Whaley left office in January, will continue to serve as Conference President for another full term. Reno (NV) Mayor Hillary Schieve was elected USCM First Vice President, and Columbus (OH) Mayor Andrew Ginther was elected USCM Second Vice President.
New USCM Trustees are as follows: San Diego (CA) Mayor Todd Gloria, St. Louis (MO) Mayor Tishaura Jones, Shreveport (LA) Mayor Adrian Perkins, and Fontana (CA) Mayor Acquanetta Warren. These mayors in addition to the current elected top leaders and past presidents make up the USCM Executive Committee.
New USCM Advisory Board Members are as follows: Cleveland (OH) Mayor Justin Bibb, Cincinnati (OH) Mayor Aftab Pureval, Phoenix (AZ) Mayor Kate Gallego, Orion (MI) Mayor Chris Barnett, Albuquerque (NM) Mayor Tim Keller, Scranton (PA) Paige Cognetti, and San Antonio (TX) Mayor Ron Nirenberg.
Finally, it was announced that the 2024 Annual Meeting of the U.S. Conference of Mayors will take place in Kansas City, Missouri. As previously announced, next year's Meeting will be in Columbus, Ohio.
About the United States Conference of Mayors -- The U.S. Conference of Mayors is the official nonpartisan organization of cities with populations of 30,000 or more. There are more than 1,400 such cities in the country today, and each city is represented in the Conference by its chief elected official, the mayor. Like us on Facebook or follow us on Twitter.
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SOURCE U.S. Conference of Mayors | https://www.mysuncoast.com/prnewswire/2022/06/06/final-day-90th-annual-meeting-us-conference-mayors-adopts-policy-priorities-coming-year-amp-elects-new-officers/ | 2022-06-06T21:50:35Z |
Which ‘Scooby-Doo’ toy is best?
When mystery is afoot, the Scooby gang is on the trail. If a child in your life is a big fan of the “Scooby-Doo” TV shows or movies, you may be looking for a “Scooby-Doo” toy to put a smile on their face.
From action figures to plush toys to board games, there are many types of Scooby-themed toys available. Consider the age range you’re buying for and which characters the recipient likes best. The Playmobil “Scooby-Doo” Mystery Machine is a fun play set for ages 5 and up.
What to know before you buy a ‘Scooby-Doo’ toy
Types of ‘Scooby-Doo’ toys
You’ll find all kinds of Scooby-Doo-themed toys, so think about the preferences of the person you’re buying for.
- Figures: You can find figures of the whole Scooby gang: Velma, Fred, Daphne, Shaggy and Scooby-Doo himself. You can also find some figures of iconic foes from the TV show and movies.
- Play sets: Play sets include figures and some kind of setting in which to play with them. The Mystery Machine camper is a popular play set choice, but you’ll also find sets that include haunted mansions, cemeteries and other spooky settings.
- Plush toys: Scooby-Doo is the most common character you’ll find plush toys of, but you can occasionally find plushies featuring other members of Mystery Incorporated. Plush toys can range from 2-3 inches tall to over 12 inches tall.
- Games and puzzles: Kids who love games and puzzles will appreciate “Scooby-Doo” board games and jigsaw puzzles. Some Scooby-themed board games are original, while others are versions of popular games, such as Clue and Monopoly.
- Play tents: Play tents that look like the Mystery Machine are great for kids who love imaginary play.
Age group
Consider the age of the child you’re buying for and make sure the toy you choose is age-appropriate. Some age recommendations are based on skill level, while others are based on safety. For instance, some games might be recommended for ages 8 and up due to the skills required to play them, but they’re technically safe for children over 3.
TV and movie tie-ins
From the original “Scooby-Doo, Where Are You!” to “Scooby-Doo and Scrappy-Doo” to the 2002 live-action “Scooby-Doo,” the franchise has seen many iterations on the small and big screens. Some toys are related to the franchise and its characters in a general way, while others are tied into a specific movie or TV show.
What to look for in a quality ‘Scooby-Doo’ toy
Accessories
The right accessories can make or break a play set or a selection of figures. Scooby snacks, sandwiches, flashlights and magnifying glasses are all great additions.
Ease of cleaning
Kids toys can get dirty and unhygienic over time, so it’s great if they’re easy to clean. Ideally, plush toys should be machine washable and other toys should be easy to wipe clean.
Collector’s editions
Of course, not everyone wants special edition toys, but these are great for older fans and collectors. You can still find some 50th anniversary edition toys and figures, plus some die-cast vehicles and figures that are meant for collecting rather than play.
How much you can expect to spend on a ‘Scooby-Doo’ toy
You can pay anywhere from $10-$100, depending on the type of toy and what it does, though most cost under $50.
‘Scooby-Doo’ toy FAQ
Are ‘Scooby-Doo’ toys still being made?
A. The “Scooby-Doo” franchise might not enjoy the popularity it once did, but some companies still make toys featuring the main characters, notable foes and the iconic Mystery Machine.
Are ‘Scooby-Doo’ toys educational?
A. Most “Scooby-Doo” toys aren’t explicitly educational, but there’s still value to imaginative play, which is important for kids’ development. Some “Scooby-Doo” games can help teach critical thinking and strategy, but it’s fine if toys are just for fun.
Can I buy other ‘Scooby-Doo’ merchandise?
A. If you’re looking for something other than toys, you can also find “Scooby-Doo” merchandise, including clothing, lunch boxes, coloring books, adhesive bandages, dog toys, backpacks and journals. There’s something for “Scooby-Doo” fans of all ages and interests.
What’s the best ‘Scooby-Doo’ toy to buy?
Top ‘Scooby-Doo’ toy
Playmobil “Scooby-Doo” Mystery Machine
What you need to know: This playset features the beloved Mystery Machine plus Velma, Daphne and Fred figures.
What you’ll love: It comes with accessories, including a magnifying glass, map, flashlight and ghost cards. Inside the vehicle is a light-up monitor that you can insert your ghost cards into for more information on the mystery at hand. The roof and windshield lift off for easier access.
What you should consider: No Scooby or Shaggy figures are included, though you can buy them separately.
Where to buy: Sold by Amazon
Top ‘Scooby-Doo’ toy for the money
Playmobil “Scooby-Doo” Scooby and Shaggy with Ghost
What you need to know: This trio of figures is compatible with other Playmobil sets.
What you’ll love: You get Scooby-Doo and Shaggy figures, plus a generic figurine with a removable ghost costume. The Ghost costume fits on most Playmobil figures, so anyone can be the baddie. It comes with a range of accessories, including a sandwich and Scooby snacks.
What you should consider: This small set isn’t all that playable on its own, so it’s best paired with the Playmobil Mystery Machine or Mystery Mansion.
Where to buy: Sold by Amazon
Worth checking out
What you need to know: Fans of the classic game will love this “Scooby-Doo” version, though it’s also suitable for anyone who’s never played the original.
What you’ll love: You can play as Scooby, Shaggy, Velma, Daphne, Fred or the mansion’s housekeeper, Mrs. White. It’s fun to play for kids and adults alike. It’s focused on mystery rather than murder, which some parents prefer compared to the original game.
What you should consider: With six players, whoever’s left playing Mrs. White instead of a character from “Scooby-Doo” might be disappointed.
Where to buy: Sold by Amazon
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Lauren Corona writes for BestReviews. BestReviews has helped millions of consumers simplify their purchasing decisions, saving them time and money.
Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/toys-games-br/theme-toys-br/best-scooby-doo-toy/ | 2022-04-19T10:57:58Z |
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