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The opening of USSM's pilot battery PCAM plant in rural Missouri marks the first time an American company produces critical minerals wholly in the United States to meet U.S. EV battery demand.
ST. LOUIS, Sept. 15, 2022 /PRNewswire/ -- U.S. Strategic Metals, LLC ("USSM"), a company committed to obtaining the critical minerals ethically and sustainably to fuel the green energy revolution and advance America's economic and national security, today announced that it will break ground later this month for a pilot precursor cathode active material ("PCAM") plant on USSM's facility in rural Missouri.
USSM's PCAM facility, combined with its existing hydrometallurgical processing plant ("hydromet"), will close the loop on the production of critical minerals wholly within the United States. When USSM enters production of PCAM, American electric vehicle manufacturers and battery companies may no longer need to go outside the United States—to China or other countries—to get the critical material needed to power their vehicles.
"This new PCAM plant will dramatically improve America's production of electric vehicle batteries by creating an end-to-end battery materials pipeline here in the United States, is already creating new jobs and significant economic opportunities in a rural and economically challenged community, and represents a major environmental and economic success story, with USSM partnering with the U.S. Environmental Protection Agency and Missouri's Department of Natural Resources to clean up this former lead mine and make it into a new engine for growth," said Stacy W. Hastie, CEO of U.S. Strategic Metals.
"This new plant and its ability to provide cobalt, nickel, lithium, and other critical minerals alongside USSM's strategic vision and approach to protecting America's access to such material has the potential to help break China's stranglehold on the processing of these critical materials once and for all," said Jamil N. Jaffer, former senior advisor to the Senate Foreign Relations Committee and USSM Advisory Board Member.
USSM's hydromet pilot plant—up and running successfully for over two years—uses proprietary American technology to process a wide range of raw materials cleanly—including material from used EV batteries, existing mine waste, and raw ore—to obtain new battery-grade metals and other strategic metals. By building a commercial-scale hydromet plant—which USSM expects will begin commissioning by the end of the year—USSM estimates that it could supply half the United States total demand for cobalt and nickel sulfate by 2025 and potentially the full U.S. demand for cobalt sulfate soon thereafter.
Today, China processes upwards of 90% of the world's cobalt along with many other critical minerals. As a result, China controls a key element of the world's supply chain for EV batteries and other critical
aerospace and defense applications. USSM's capacity to obtain and process these materials, as well as other critical minerals, represents a massive opportunity to lead on environmental protection and enhance the national security of the United States.
USSM's new and existing pilot and commercial-scale facilities—combined with USSM's ownership of one of the largest domestic sites of strategic metals with over 3,800 acres of mineral rights—enables USSM to rapidly commercialize a domestic supply of ethically and sustainably sourced critical minerals to meet our nation's unprecedented demand. Indeed, with the successful completion of its pilot PCAM plant and the future construction of a commercial-scale PCAM facility in partnership with the industry-leading engineering and design-build firm CLAYCO, USSM will be the first producer of cobalt in the world with a complete, closed-loop supply chain in the United States adhering to the highest standards of ethics and environmental stewardship.
USSM uses a transformative hydrometallurgical process that can substantially reduce emissions, waste, and the inefficient power consumption plaguing other processing capabilities like leaching and smelting used in China and elsewhere. USSM also has valuable partnerships with the Missouri Department of Natural Resources (MDNR) and the U.S. Environmental Protection Agency (EPA) to help ensure that all of USSM's efforts are consistent with our nation's global leadership on environmental matters.
This means that USSM has the potential to completely relieve the United States' current dependence on foreign adversaries in a way that is consistent with American values. Moreover, in addition to being able to obtain these key battery materials wholly within the United States, having a domestic processing capability in the U.S. means that USSM has the potential to disintermediate China from its current role processing the vast majority of the world's cobalt supply.
For more information, visit USSM's Website. Information on USSM's website is not incorporated by reference into this press release, and you should not consider information on USSM's website to be part of this press release.
U.S. Strategic Minerals, LLC ("USSM"), is a holding company whose constituent companies are committed to undertaking high quality, reliable, ethical, and sustainable efforts to obtain critical minerals to protect the economic and national security of the United States. USSM, through its subsidiary, Missouri Cobalt, is the only vertically integrated producer and recycler of critical battery materials, including cobalt, nickel, and lithium, in North America and is therefore strategically positioned to supply clean, domestic, and ethically sourced battery metals required to meet the unprecedented demand for electric vehicles and lithium-ion batteries.
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding U.S. Strategic Metals '("USSM") ability to obtain cobalt, nickel, lithium and other strategic minerals and the impact of USSM's capabilities on the national security and economic security of the United States. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions, or results, and involve a number of known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside USSM's management's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: USSM's ability identify, process, or otherwise obtain cobalt, nickel, lithium and other strategic minerals; USSM's ability to execute on its plans to develop new capabilities to identify, process, or otherwise obtain strategic minerals and the timing of the development of these capabilities; the rate and degree of market acceptance of USSM's capabilities; the success of other competing capabilities that may become available; USSM's ability to identify and integrate acquisitions; the performance of USSM's capabilities; the state of national and international markets for strategic minerals; potential litigation involving USSM; and general economic and market conditions impacting demand for USSM's products. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties relevant to USSM's business including any documents that USSM files with the SEC from time to time or otherwise makes public. These filings and documents may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward- looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and USSM does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
This communication shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
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SOURCE US Strategic Metals | https://www.mysuncoast.com/prnewswire/2022/09/15/us-strategic-metals-announces-wholly-domestic-production-critical-minerals-electric-vehicle-batteries/ | 2022-09-15T18:18:16Z |
Man tells undercover detective she has ‘potential for prostitution,’ police say
MEMPHIS, Tenn. (WMC/Gray News) – A Tennessee man was arrested last week after he told an undercover detective she had “potential” to be a prostitute, according to an affidavit.
Anthony Johnson, 32, was arrested and charged with promoting prostitution Thursday.
Detectives with the Memphis vice and narcotics team were conducting an undercover operation when Johnson reportedly walked up to the undercover detective and said he wanted to “take her to Lamar where she could make some real money,” according to the affidavit.
Lamar Avenue is a street in downtown Memphis.
Investigators say he also offered to put her photos on a website advertising prostitution.
He was booked on a felony charge of promoting prostitution and bonded out.
Copyright 2022 WMC via Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/05/17/man-tells-undercover-detective-she-has-potential-prostitution-police-say/ | 2022-05-17T16:20:25Z |
US deaths from COVID hit 1 million, less than 2 1/2 years in
(AP) - The U.S. death toll from COVID-19 hit 1 million on Monday, a once-unimaginable figure that only hints at the multitudes of loved ones and friends staggered by grief and frustration.
The confirmed number of dead is equivalent to a 9/11 attack every day for 336 days. It is roughly equal to how many Americans died in the Civil War and World War II combined. It’s as if Boston and Pittsburgh were wiped out.
“It is hard to imagine a million people plucked from this earth,” said Jennifer Nuzzo, who leads a new pandemic center at the Brown University School of Public Health in Providence, Rhode Island. “It’s still happening and we are letting it happen.”
Some of those left behind say they cannot return to normal. They replay their loved ones’ voicemail messages. Or watch old videos to see them dance. When other people say they are done with the virus, they bristle with anger or ache in silence.
“‘Normal.’ I hate that word,” said Julie Wallace, 55, of Elyria, Ohio, who lost her husband to COVID-19 in 2020. “All of us never get to go back to normal.”
Three out of every four deaths were people 65 and older. More men died than women. White people made up most of the deaths overall. But Black, Hispanic and Native American people have been roughly twice as likely to die from COVID-19 as their white counterparts.
Most deaths happened in urban areas, but rural places — where opposition to masks and vaccinations tends to run high — paid a heavy price at times.
The death toll less than 2 1/2 years into the outbreak is based on death certificate data compiled by the Centers for Disease Control and Prevention’s National Center for Health Statistics. But the real number of lives lost to COVID-19, either directly or indirectly, as a result the disruption of the health care system in the world’s richest country, is believed to be far higher.
The milestone comes more than three months after the U.S. reached 900,000 dead. The pace has slowed since a harrowing winter surge fueled by the omicron variant. The U.S. is averaging about 300 COVID-19 deaths per day, compared with a peak of about 3,400 a day in January 2021.
The largest bell at Washington National Cathedral in the nation’s capital tolled 1,000 times a week ago, once for every 1,000 deaths. President Joe Biden on Thursday ordered flags lowered to half-staff and called each life “an irreplaceable loss.”
“As a nation, we must not grow numb to such sorrow,” he said in a statement. “To heal, we must remember.”
More than half the deaths occurred since vaccines became available in December of 2020. Two-thirds of Americans are fully vaccinated, and nearly half of them have had at least one booster dose. But demand for the vaccine has plummeted, and the campaign to put shots in arms has been plagued by misinformation, distrust and political polarization.
Unvaccinated people have a 10 times greater risk of dying of COVID-19 than the fully vaccinated, according to the CDC.
“To me, that is what is just so particularly heartbreaking,” Nuzzo said. Vaccines are safe and greatly reduce the likelihood of severe illness, she said. They “largely take the possibility of death off the table.”
Angelina Proia, 36, of New York, lost her father to COVID-19 in April 2020. She runs a support group for grieving families on Facebook and has seen it divided over vaccinations. She has booted people from the group for spreading misinformation.
“I don’t want to hear conspiracy theories. I don’t want to hear anti-science,” said Proia, who wishes her father could have been vaccinated.
Sara Atkins, 42, of Wynnewood, Pennsylvania, channels her grief into fighting for global vaccination and better access to health care to honor her father, Andy Rotman-Zaid, who died of COVID-19 in December 2020.
“My father gave me marching orders to end it and make sure it doesn’t happen again,” Atkins said of the pandemic. “He told me, ‘Politicize the hell out of my death if I die of this.’”
Julie Wallace and her husband, Lewis Dunlap, had cellphone numbers one digit apart. She continues paying to keep his number. She calls it just to hear his voice.
“It’s just so important to hear that sometimes,” she said. “It gives you a little bit of reassurance while also tearing your heart out.”
Some have offered solace in poetry. In Philadelphia, poet and social worker Trapeta Mayson, created a 24-hour poetry hotline called Healing Verse. Traffic to the Academy of American Poets’ poets.org website rose during the pandemic.
Brian Sonia-Wallace, poet laureate of West Hollywood, California, has traveled the country writing poems for hire. He imagines a memorial of a million poems, written by people who don’t normally write poetry. They would talk to those who are grieving and listen for points of connection.
“What we need as a nation is empathy,” said Tanya Alves, 35, of Weston, Florida, who lost her 24-year-old sister to COVID-19 in October. “Over two years into the pandemic, with all the cases and lives lost, we should be more compassionate and respectful when talking about COVID. Thousands of families changed forever. This virus is not just a cold.”
___
The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Department of Science Education. The AP is solely responsible for all content.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/05/16/us-deaths-covid-hit-1-million-less-than-2-12-years/ | 2022-05-16T13:43:29Z |
Manhattan Discovery Center reveals the “Prairie Playscape”
MANHATTAN, Kan. (WIBW) - The Flint Hills Discovery Center unveiled the new Prairie Playscape on Friday, May 27.
The Discovery Center celebrated the completion of its project with a ribbon-cutting ceremony. The second floor of the Discovery Center was completely renovated to become an interactive, hands-on exhibit meant to enhance kids’ connection to the Flint Hills.
The Playscape includes 13 new interactive stations to give kids entertainment while featuring three themed areas –exploring the land, working the land, and sharing the land – where kids can learn.
The FHDC Foundation says the Playscape began with a fundraising goal of $1.5 million, but with help from more than 60 individual donors, grants, and foundations – the playscape was finished. According to the Discovery Center, no taxpayer money was used to fund this project.
This project is said to be the Foundation’s single largest one to date.
“Prairie Playscape was created to help children celebrate the Flint Hills,” said Bruce Snead, Flint Hills Discovery Center Foundation President. “The Foundation will be forever grateful to donors who made this project possible.”
After three years, Flint Hills Discovery Center to open Prairie Playscape
After three years and $1.5 million, the Flint Hills Discovery Center will fulfill its Prairie Playscape vision with a grand opening.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/05/27/manhattan-discovery-center-reveals-prairie-playscape/ | 2022-05-27T23:27:04Z |
FORT SMITH, Ark., July 27, 2022 /PRNewswire/ -- The Board of Directors of ArcBest® (Nasdaq: ARCB) has declared a quarterly cash dividend of twelve cents ($0.12) per share to holders of record of its Common Stock, $0.01 par value, on August 10, 2022, payable on August 24, 2022.
ArcBest® (Nasdaq: ARCB) is a multibillion-dollar integrated logistics company that helps keep the global supply chain moving. Founded in 1923 and now with over 15,000 employees across more than 250 campuses and service centers, the company is a logistics powerhouse, fueled by the simple notion of finding a way to get the job done. Through innovative thinking, agility and trust, ArcBest leverages their full suite of shipping and logistics solutions to meet customers' critical needs, each and every day. For more information, visit arcb.com.
Investor Relations Contact: David Humphrey
Title: Vice President – Investor Relations
Phone: 479-785-6200
Email: dhumphrey@arcb.com
Media Contact: Autumnn Mahar
Title: Senior Manager, PR and Social
Phone: 479-494-8221
Email: amahar@arcb.com
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SOURCE ArcBest | https://www.wibw.com/prnewswire/2022/07/27/arcbest-declares-012share-quarterly-dividend/ | 2022-07-27T21:40:12Z |
Which nursery night-lights are best?
Nursery night-lights work well for children who are afraid of the dark and people who need to get up in the middle of the night with their tired infant. These nursery night-lights can help make it easier for your infant or child to fall asleep, which can improve the sleep of everyone in the household. The Hatch Sound Machine and Night Light is the perfect nursery night-light for your infant.
What to know before you buy a nursery night-light
Learn about the different kinds of night-lights
There are several different kinds of nursery night-lights out there, including plug-in nursery night-lights, soft nursery night-lights, projection night-lights and portable night-lights. Plug-in nursery night-lights are traditional night-lights attached to a three-pronged or two-pronged plug.
Soft nursery night-lights are plush toys with dim built-in lights. Projection night-lights shine images, like the stars and moon, onto a bedroom wall or ceiling, and portable night-lights can operate anywhere because they are charged via USB or run on batteries.
Find a nursery night-light that’s cool to the touch
It’s important to find a nursery night-light that’s cool to the touch, especially if you have a toddler. Some nursery night-lights can get very hot, which can burn your toddler or small child’s fingers. If you can’t find a nursery night-light that’s cool to the touch, then you should make sure to unplug it in the morning.
Protect against fire
Choose a cool and low-wattage LED nursery night-light if you are worried about anything catching on fire.
What to look for in a quality nursery night-light
Brightness
It’s crucial to consider the brightness of the nursery night-light because night-lights that are too bright can disrupt your child’s sleep. Test it out in the dark to see if it’s too bright.
Night-light color
White and blue light can disrupt your child’s sleep because their bodies naturally associate white and blue colors with daytime. That’s why you should select a nursery night-light with a warm tone, like yellow, red or orange. Red light imitates the light that an infant perceives when they’re in the womb, so it can help to buy a soft red nursery night-light for an infant.
Lampshade
Many nursery night-lights come with lampshades, which can add to the decor of the nursery. Lampshades can also help dim the nursery night-light if it’s too bright.
How much you can expect to spend on a nursery night-light
Nursery night-lights range in price from about $4 to $40. The most basic and budget-friendly nursery night-lights cost about $4 to $10, while mid-range nursery night-lights go for $10 to $25 and high-end nursery night-lights vary in price from about $25 to $60.
Nursery night-light FAQ
Is there a big difference between a night-light for an adult and a nursery night-light for a child?
A. The differences between a night-light for an adult and a nursery night-light for a child mostly come down to the style of the night-light. Nursery night-lights for children typically come in a toy shape or have colorful and playful designs, while night-lights for adults are much simpler and more sophisticated in style.
Are nursery night-lights harmful?
A. Some people think that night-lights are harmful due to the kind of light bulb they use. White and blue light can reduce the production of melatonin, which is the hormone that regulates your sleep.
If you are concerned about this for your child, you should look for a nursery night-light with a yellow or warm-toned light bulb or a night-light that comes with different color options.
Can you leave a nursery night-light on all night?
A. It’s OK to leave nursery night-lights on throughout the night as long as they are not near bedding, curtains or anything that could catch on fire. Make sure to unplug the nursery night-light from the socket and turn it off during the daytime. And read and follow the instructions from the manufacturers at all times.
What are the best nursery night-lights to buy?
Top nursery night-light
Hatch Sound Machine and Night Light
What you need to know: This feature-packed night-light from Hatch works as both a sound machine and a night-light.
What you’ll love: This Bluetooth-enabled Hatch night-light and sound machine offers a time-to-rise setting for your toddler and stays cool to the touch at all times. The night-light colors are chosen carefully to encourage a healthy circadian rhythm.
What you should consider: This nursery night-light is on the pricey side.
Where to buy: Sold by buy Buy Baby
Top nursery night-light for the money
LittleHippo Kelvin Night Light and Room Monitor
What you need to know: This inexpensive night-light from LittleHippo doubles as a room monitor that displays the humidity and temperature in the room.
What you’ll love: This LittleHippo night-light and room monitor gives off a soft light and comes with a digital humidity and temperature display. The night-light also changes its color automatically according to the temperature of the room.
What you should consider: This nursery night-light must always be plugged into a power outlet.
Where to buy: Sold by Buy Buy Baby
Worth checking out
Safety 1st Auto Sensor Night Light
What you need to know: This set of light-sensing night-lights from Safety 1st automatically shut on and off with the brightness of the room.
What you’ll love: This simple and sleek Safety 1st night-light set features LED lights that use less power than regular bulbs, as well as an auto on/off and a light-sensing feature. The night-light set is also budget-friendly and offers a soft and soothing glow for your child.
What you should consider: This nursery night-light does not provide any extra features.
Where to buy: Sold by Buy Buy Baby
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/baby-kids-br/nursery-br/best-nursery-night-light/ | 2022-06-08T02:46:14Z |
MEMPHIS, Tenn., May 19, 2022 /PRNewswire/ -- FBSciences, a leader in agricultural biologicals, is establishing a new company, FBSciences Europe, as part of their overall global expansion strategy. With the establishment of FBSciences Europe in the European Union (EU), FBSciences will leverage 15 years of successful research, a strong commercial footprint in other global markets, their long-standing manufacturing presence, and successful partnerships in Europe to commercialize in the $12 billion European agricultural market and bring their powerful agricultural biologicals to European customers.
FBSciences Europe will launch with two initial product registrations. FBSciences plans to have their flagship biostimulant product Transit Duo™ and their premium zinc product Zicron® registered and available for sale in Austria, Italy, France, and Spain for the 2023 growing season, with additional plans to expand into a comprehensive line as their presence in the market grows. FBSciences has had a manufacturing presence in Europe since their founding and has done extensive independent research as well as precommercial trials with leading partners to support commercial activity in Europe.
As additional restrictions on existing inputs take effect this summer and Europe ramps up their Farm to Fork Strategy aiming to accelerate the transition to a regenerative and sustainable food system, the European agriculture market is looking for solutions that provide climate-smart benefits while still meeting increasing productivity goals for growers. In their Climate Impact Report, FBSciences demonstrated the climate adaptation and mitigation benefits of their technologies and products. Increasingly severe climate-related stress, shrinking arable land, soaring fertilizer costs, and ongoing geopolitical conflict have intensified pressure on the European agriculture market, motivating dealers and growers to find tools that not only help growers adapt to these challenges but also improve the health of the soil and environment for long-term climate mitigation. FBSciences' proprietary biostimulant technology, FBS Transit®, which received REACH registration in 2020 and forms the foundation of their crop nutrition product lines, has been proven to increase nutrient and water use efficiency, mitigate abiotic stress, and increase the photosynthetic capacity of plants, which is key to driving yield and increasing ROI for growers. In addition to these benefits, FBS Technologies and products have proven their potential to reduce greenhouse gas emissions through increased soil carbon and reduced N2O emissions. A trial conducted by the Swedish University of Agricultural Studies demonstrated an 11.8% increase in biomass and a 12.3% increase in phosphorus uptake with FBS Technologies. In their Climate Impact Report, FBSciences illustrated how increasing above and below ground biomass increases the soil's carbon sequestration capacity, lowering CO2 emissions, while improved nutrient uptake and mobility is key to lowering N2O emissions through increased nitrogen use efficiency.
"With years of successful research and trials on our technologies and products in Europe showing increased yield, stress mitigation, and improved plant, soil, and climate health, we have seen strong interest from partners, distributors, and growers," said Courtenay Wolfe, Chair and CEO of FBSciences. "There is tremendous demand in Europe for effective tools like agricultural biologicals that provide powerful climate adaptation and mitigation benefits while driving yield and ROI. We expect significant commercial momentum with the launch of FBSciences Europe."
This expansion into Europe joins the recent establishment of FBSciences Brasil to mark a major milestone in FBSciences' global expansion strategy. As FBSciences continues to see a growing global demand for softer, more sustainable chemistries, they will look to introduce additional products in the European market, including further products in their crop nutrition and soil health lines, as well as their REACH registered FBS Defense™ line of crop protection products encompassing fungicide, miticide, insecticide, and nematicide products. They extend invitations and welcome outreach from partners and collaborators in the European market.
About FBSciences
FBSciences is a global leader in the innovation and commercialization of climate-smart biologicals for agriculture and turf. Their naturally derived, proprietary technologies are the foundation for their biostimulant, biopesticide, and fertilizer product lines. With over 100 million dollars in commercial success and more than 1600 independent and university studies over 15 years, FBSciences has proven their technologies and products increase quality and nutrient density, improve stress mitigation and recovery, produce healthier plants and higher yields, and increase utilization of other crop inputs. Their sustainable products provide measurable benefits to the environment, including an increase in nitrogen use efficiency, leading to N2O emissions reduction, decreased nitrogen runoff, and increased carbon sequestration. With an opportunity for meaningful impact on every managed acre, FBSciences is committed to harnessing the power of nature to transform agriculture globally. Follow us on LinkedIn, Twitter, Facebook, and Instagram and learn more at www.fbsciences.com.
FOR MORE INFORMATION, CONTACT
Courtenay Wolfe
Chair and CEO
cwolfe@fbsciences.com
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SOURCE FBSciences, Inc. | https://www.wibw.com/prnewswire/2022/05/19/fbsciences-announces-european-expansion-registration-their-leading-agricultural-biologicals/ | 2022-05-19T14:29:44Z |
Cheney braces for loss as Trump tested in Wyoming and Alaska
CHEYENNE, Wyo. (AP) — Wyoming Rep. Liz Cheney, a leader in the Republican resistance to former President Donald Trump, is fighting to save her seat in the U.S. House on Tuesday as voters weigh in on the direction of the GOP.
Cheney’s team is bracing for a loss against a Trump-backed challenger in the state in which he won by the largest of margins during the 2020 campaign.
Win or lose in deep-red Wyoming, the 56-year-old daughter of a vice president is vowing not to disappear from national politics as she contemplates a 2024 presidential bid. But in the short term, Cheney is facing a dire threat from Republican opponent Harriet Hageman, a Cheyenne ranching industry attorney who has harnessed the full fury of the Trump movement in her bid to expel Cheney from the House.
“I’m still hopeful that the polling numbers are wrong,” said Landon Brown, a Wyoming state representative and vocal Cheney ally. “It’ll be a crying shame really if she does lose. It shows just how much of a stranglehold that Donald Trump has on the Republican Party.”
Tuesday’s contests in Wyoming and Alaska offer one of the final tests for Trump and his brand of hard-line politics ahead of the November general election. So far, the former president has largely dominated the fight to shape the GOP in his image, having helped install loyalists in key general election matchups from Arizona to Georgia to Pennsylvania.
This week’s contests come just eight days after the FBI executed a search warrant at Trump’s Florida estate, recovering 11 sets of classified records. Some were marked “sensitive compartmented information,” a special category meant to protect the nation’s most important secrets. The Republican Party initially rallied behind the former president, although the reaction turned somewhat mixed as more details emerged.
In Alaska, a recent change to state election law gives a periodic Trump critic, U.S. Sen. Lisa Murkowski, an opportunity to survive the former president’s wrath, even after she voted to convict him in his second impeachment trial.
The top four primary Senate candidates in Alaska, regardless of party, will advance to the November general election, where voters will rank them in order of preference.
In all, seven Republican senators and 10 Republican House members joined every Democrat in supporting Trump’s impeachment in the days after his supporters stormed the U.S. Capitol as Congress tried to certify President Joe Biden’s victory.
Just two of those 10 House members have won their GOP primaries this year. The rest have lost or declined to seek reelection. Cheney would be just the third to return to Congress if she defies expectations on Tuesday.
And Murkowski is the only pro-impeachment senator running for reelection this year.
She is facing 18 opponents — the most prominent of which is Republican Kelly Tshibaka, who has been endorsed by Trump — in her push to preserve a seat she has held for nearly 20 years. Trump railed against Murkowski on social media and in her home state of Alaska, where he hosted a rally with Tshibaka last month in Anchorage.
In contrast to vulnerable Republican candidates who cozied up to Trump in other states this summer, Murkowski continues to promote her bipartisan credentials.
“When you get the ideas from both sides coming together, little bit of compromise in the middle, this is what lasts beyond administrations, beyond changes in leadership,” the Republican senator said in a video posted on social media over the weekend. “This is what allows for stability and certainty. And it comes through bipartisanship.”
On the other side of the GOP’s tent, Sarah Palin, the former Alaska governor and vice-presidential nominee, hopes to spark a political comeback on Tuesday.
Endorsed by Trump, she finished first among 48 candidates to qualify for a special election seeking to replace Rep. Don Young, who died in March at age 88, after 49 years as Alaska’s lone House member. Palin is actually on Tuesday’s ballot twice: once in a special election to complete Young’s term and another for a full two-year House term starting in January. She’s running against Republican Nick Begich and Democrat Mary Peltola in the special election and a larger field in the primary.
Ever an outsider, Palin spent recent days attacking Murkowski, a fellow Republican, and those who instituted the open primary and ranked-choice voting system in 2020.
“I’ve said all along that ranked-choice voting was designed to benefit Democrats and RINOs, specifically Sen. Lisa Murkowski (who stood no chance of winning a Republican nomination) along with other political dynasty family members in Alaska,” Palin wrote in a recent statement calling for the law’s repeal.
Back in Wyoming, Cheney’s political survival may depend upon persuading enough Democrats to cast ballots in her Republican primary election. While some Democrats have rallied behind her, it’s unclear whether there are enough in the state to make a difference. Biden earned just 26% of Wyoming’s vote in 2020.
Many Republicans in the state — and in the country — have essentially excommunicated Cheney because of her outspoken criticism of Trump. The House GOP ousted her as the No. 3 House leader last year. And more recently, the Wyoming GOP and Republican National Committee censured her.
Anti-Trump groups such as U.S. Rep. Adam Kinzinger’s Country First PAC and the Republican Accountability Project have worked to encourage independents and Democrats to support Cheney in recent weeks. They are clearly disappointed by the expected outcome of Tuesday’s election, although some are hopeful about her political future.
“What’s remarkable is that in the face of almost certain defeat she’s never once wavered,” said Sarah Longwell, executive director of the Republican Accountability Project. “We’ve been watching a national American figure be forged. It’s funny how small the election feels — the Wyoming election — because she feels bigger than it now.”
Cheney has seemingly welcomed defeat by devoting almost every resource at her disposal to ending Trump’s political career since the insurrection.
She emerged as a leader in the congressional committee investigating Trump’s role in the Jan. 6 attack, giving the Democrat-led panel genuine bipartisan credibility. She has also devoted the vast majority of her time to the committee instead of the campaign trail back home, a decision that still fuels murmurs of disapproval among some Wyoming allies. And she has closed out the primary campaign with an unflinching anti-Trump message.
“In our nation’s 246-year history, there has never been an individual who was a greater threat to our republic than Donald Trump,” former Vice President Dick Cheney said in a recent ad produced by his daughter’s campaign.
He continued, “There is nothing more important she will ever do than lead the effort to make sure Donald Trump is never again near the Oval Office.”
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/08/16/cheney-braces-loss-trump-tested-wyoming-alaska/ | 2022-08-16T11:31:20Z |
Suns starters shine against Mavericks; Heat get a win against Joel Embiid-less Sixers
By Issy Ronald, CNN
The Phoenix Suns and Miami Heat secured wins in Game 1 of their respective second round playoff series: Miami defeated the Philadelphia 76ers 106-92 while the Suns beat the Dallas Mavericks 121-114.
Dallas star Luka Doncic’s outstanding game — 45 points, 12 rebounds and eight assists — was not enough for the Mavs to overcome a cohesive Suns team, which had six players finish in double figures.
“We’ve just got to get someone to join the party,” Mavericks coach Jason Kidd told ESPN.
Doncic scored more points than the rest of the Mavs’ starters who managed just 39 points between them. Despite his individual performance, Phoenix led wire to wire, living up to their billing as series favorites.
Deandre Ayton scored 25 points and Devin Booker marked his return to the squad after three games sidelined by injury with 23 points, nine rebounds and eight assists.
The Suns had a fast start to the game, bulldozing their way to a 18-6 lead midway through the first quarter before the efforts of Doncic and forward Maxi Kleber, who scored 19 points, dragged the Mavs back to within four at the halfway mark.
“I think our defense lost us the game today,” Doncic said. “Our start on the defensive end was terrible, and we’ve got to change that. I know we can play way better defense.”
Phoenix found another gear after the break and stretched their lead to 21 points early in the fourth quarter before a late flurry from the Mavs made the scoreline more respectable.
“We’ll take the win,” Suns point guard Chris Paul — who contributed 19 points and five rebounds — said. “It’s not always going to be pretty. We played well most of the game. We’ll look at the film tomorrow and see what we need to do differently for Game 2.”
Heat take Game 1 against Sixers
In the Eastern Conference, meanwhile, the Heat won a scrappy game against a Sixers side missing their talisman Joel Embiid, as he recovers from an orbital fracture and concussion suffered in the closing minutes of Philly’s Game 6 win over the Toronto Raptors.
In Embiid’s absence, his Sixers teammates struggled. 2018 MVP James Harden was held to just 16 points — 12 of his 13 field goal attempts were contested and he was also double-teamed nine times. The rest of the 76ers didn’t fare much better, shooting 6-for-34 from three-point range and conceding 15 turnovers that yielded 22 points for the Heat.
“Obviously, we’re not trying to miss shots, but things we can control are rebounding the basketball and not turning the basketball over,” Harden told ESPN. “That’s things we can control, and once we do that next game, we’ll have a better chance of winning.”
Initially, neither team controlled the game. The Heat opened up a lead which reached 12 points in the first quarter before the 76ers fought back to lead 51-50 at the halfway point, as Miami went 1-for-9 from the field in the final six minutes of the half.
”I liked how we fought back,” Sixers coach Doc Rivers said, according to the NBA. ”I liked how we came out at the beginning of the third quarter … and then I didn’t like the rest of the game from that point on.”
Led by Tyler Herro off the bench — who scored 25 points and was 4-for-6 from deep — and Bam Adebayo — who finished with 24 points and 12 rebounds — the Heat rallied late on. A 10-0 run in the third followed by a 13-2 run in the fourth quarter were enough to secure victory.
“They’re a very good team even without Embiid,” Miami coach Erik Spoelstra told reporters after the game. “We just were able to get organized in the second half. We did it with a little bit more thought and discipline, and just that extra effort ignited everyone on the team.”
Game 2 for both series will take place on Wednesday.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/sports/cnn-sports/2022/05/03/suns-starters-shine-against-mavericks-heat-get-a-win-against-joel-embiid-less-sixers/ | 2022-05-03T13:13:37Z |
Judge rules that juvenile suspect in fatal school stabbing will remain in Juvenile Detention Center
Published: Apr. 15, 2022 at 3:10 PM CDT|Updated: 2 hours ago
KANSAS CITY, MO (KCTV) -- A Jackson County judge ruled that the juvenile suspect in this week’s fatal stabbing at Northeast Middle School will stay in the Juvenile Detention Facility.
Commissioner William Jackson ruled that the teen would stay in a juvenile detention facility out of concern for both the teen’s and the community’s safety.
Tim Honse, an attorney for the suspect, requested home detention with an electronic monitoring device.
The juvenile’s relatives were present via Web ex.
Vicenta Guzman and other members of the victim’s family were also in the courtroom.
Copyright 2022 KCTV. All rights reserved. | https://www.wibw.com/2022/04/15/judge-rules-that-juvenile-suspect-fatal-school-stabbing-will-remain-juvenile-detention-center/ | 2022-04-15T23:02:54Z |
NYS Department of Health Grant Brings More Resources and Training Throughout the Region
YONKERS, N.Y., July 28, 2022 /PRNewswire/ -- The New York State Department of Health has continued Montefiore Health System's designation as a Center of Excellence for Alzheimer's Disease (CEAD) with a $2.3 million grant over five years to provide comprehensive screening and care planning for individuals with memory impairments and their caregivers in the Hudson Valley.
The population of the seven counties in the Hudson Valley is 2.3 million, according to the 2019 American Community Survey. More than 388,000 of these individuals (16.7%) are 65 or older, slightly higher than the state rate of 16.4%. By 2030, that number is expected to grow by 19%, meaning that by the end of the decade there will be more than 400,000 residents in the region who are 65 or older, significantly increasing the likely incidence of Alzheimer's disease.
The Montefiore CEAD, one of 10 in the state, promotes early diagnosis and assessment by a team of neurologists, geriatricians, neuropsychologists and social workers to determine if an individual's memory issues are caused by Alzheimer's disease, another form of dementia, or are the result of an unrelated medical issue.
"Early and accurate diagnosis offers benefits to both patients and caregivers, including education and advance financial, legal, medical and caregiving planning; access to new treatment modalities and to community-based support services," said Jessica Zwerling, M.D., a neurologist and director of the Montefiore CEAD who is also a professor in the Saul R. Korey Department of Neurology at Albert Einstein College of Medicine. "The funds from NYS Department of Health will help us expand specialized dementia training to more clinicians, psychologists, residents, nurses and social workers throughout the region. We'll also be bolstering education in this area for students at Albert Einstein College of Medicine, ensuring the workforce is best positioned to assist people with memory impairments. Focus will include why care plans must address medical, social and caregiving needs, accounting for each person's native language, level of education, vocation and cultural background. Additionally, it'll note the role of clinical trials in identifying new treatments."
The CEAD is based at Montefiore's Center for the Aging Brain in Yonkers, which partners with multi-specialty practices in the Hudson Valley, resulting in more than 1,200 new diagnostic assessments in the region (plus another 1,000 in the Bronx) in the past year alone.
In addition to training other healthcare providers and creating personalized treatment plans, Montefiore partners with community organizations like the Alzheimer's Association, Westchester Jewish Community Services, the Jewish Association Serving the Aging (JASA) and CaringKind to help families get non-medical support.
About Montefiore Health System
Montefiore Health System is one of New York's premier academic health systems and is a recognized leader in providing exceptional quality and personalized, accountable care to approximately three million people in communities across the Bronx, Westchester, and the Hudson Valley. It is comprised of 10 hospitals, including the Children's Hospital at Montefiore, Burke Rehabilitation Hospital and more than 200 outpatient ambulatory care sites. The advanced clinical and translational research at its medical school, Albert Einstein College of Medicine, directly informs patient care and improves outcomes. From the Montefiore-Einstein Centers of Excellence in cancer, cardiology and vascular care, pediatrics, and transplantation, to its preeminent school-based health program, Montefiore is a fully integrated healthcare delivery system providing coordinated, comprehensive care to patients and their families. For more information, please visit www.montefiore.org. Follow us on Twitter and Instagram and LinkedIn, or view us on Facebook and YouTube.
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SOURCE Montefiore Health System | https://www.kxii.com/prnewswire/2022/07/28/montefiore-awarded-23-million-care-people-with-memory-disorders-hudson-valley/ | 2022-07-28T14:34:37Z |
Biden to require US-made steel, iron for infrastructure
WASHINGTON (AP) - The Biden administration is taking a key step to ensuring that federal dollars will support U.S. manufacturing — issuing requirements for how projects funded by the $1 trillion bipartisan infrastructure package source their construction material.
The guidance being issued Monday requires that the material purchased — whether it’s for a bridge, a highway, a water pipe or broadband internet — be produced within the U.S., according to administration officials. However, the rules also set up a process to waive those requirements in case there are not enough domestic producers or the material costs too much, with the goal of issuing fewer waivers over time as U.S. manufacturing capacity increases.
“There are going to be additional opportunities for good jobs in the manufacturing sector,” said Celeste Drake, director of Made in America at the White House Office of Management and Budget. “And as we’re looking at boosting American content, that means big corporations are going to create opportunities for small and medium-sized enterprises in the U.S. as supply chains are partially re-shored to try to meet the content standards.”
President Joe Biden has made such guidance a cornerstone for judging his record ahead of the 2022 midterm elections. The Democratic president says that he can leverage federal spending to create more U.S. factory jobs and reduce the reliance on China and other nations with geopolitical interests that diverge from America’s.
As Biden faces inflation at a 40-year high, he is betting that more domestic production will ultimately reduce price pressures, a response to Republican attacks that his $1.9 trillion coronavirus relief package initially triggered higher prices.
“From Day One, every action I’ve taken to rebuild our economy has been guided by one principle: Made in America,” Biden said Thursday in Greensboro, North Carolina. “It takes a federal government that doesn’t just give lip service to buying American but actually takes action.”
Biden said that the roughly $700 billion the government devotes annually to procuring goods is supposed to prioritize U.S. suppliers but the regulations going back to the 1930s have either been watered down or applied in ways that masked the use of foreign imports.
The administration could not say what percentage of construction material for existing infrastructure projects is U.S. made, even though the federal government is already spending $350 billion on construction this year. The new guidelines would enable government officials to know how many dollars go to U.S. workers and factories.
Tucked into the bipartisan infrastructure package that became law last November was a requirement that starting on May 14 “none of the funds” allocated to federal agencies for projects may be spent “unless all of the iron, steel, manufactured products, and construction materials used in the project are produced in the United States.” That’s according to the 17-page guidance being issued Monday.
The guidance includes three standards for these requirements to be waived: if the purchase “would be inconsistent with the public interest”; if the materials needed are not produced “in sufficient and reasonably available quantities or of a satisfactory quality”; or if the U.S. materials increase a project’s cost by more than 25%.
American manufacturers are about 170,000 jobs short of the 12.8 million factory jobs held in 2019, as manufacturing jobs began to decline before the pandemic began. But the U.S. has 6.9 million fewer manufacturing jobs compared with the 1979 peak, a loss caused by outsourcing and automation.
Getting more industrial jobs will likely mean adding more factories and assembly lines — as manufacturers are operating at a 78.7% capacity, which the Federal Reserve notes is above the historical average.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/04/18/biden-require-us-made-steel-iron-infrastructure/ | 2022-04-18T10:59:58Z |
Commentary on today's U.S. Bureau of Labor Statistics Employment Situation Report
By Frank Steemers, Senior Economist, The Conference Board
NEW YORK, July 8, 2022 /PRNewswire/ -- The labor market continues to be strong, with 372,000 jobs added in June 2022, after a downwardly revised increase of 384,000 jobs in May. Despite gathering economic headwinds, there is still no clear indication that the labor market is cooling. However, this could change in the months ahead as other economic indicators have already signaled that economic activity is slowing amid rising inflation and Fed interest rate hikes. As a result, hiring may decelerate during the remainder of the year.
The unemployment rate remained at 3.6 percent for the fourth consecutive month. The labor force participation rate fell slightly to 62.2 percent, down from to 62.3 percent in May. Overall, employment is near its pre-pandemic level, down only 0.3 percent compared to February 2020, representing about 500,000 jobs. Job recovery has been slower for women, with employment still 0.5 percent below pre-pandemic levels, compared to 0.2 percent for men.
Job growth remains strong in leisure and hospitality, which added 67,000 jobs in June. After losing jobs in May, retail trade gained 15,400 jobs. Jobs were also added in transportation and warehousing (35,500), professional and business services (74,000), and health care and social assistance (77,800). Hiring also continued in temporary help services (5,400)—one of the better leading indicators of future employment changes in other industries.
Wage growth is still elevated, although it seems to have plateaued. Average hourly earnings grew 5.1 percent over the last 12 months and have remained between 5 and 6 percent (annual growth) since Q4 2021. The labor market is still very tight and continued hiring and retention pressures will keep wage growth elevated. Faster wage growth, in turn, will make it harder for price inflation to decelerate as companies will increase product and service prices to cover for increasing labor costs.
Today's jobs report does not support the argument that we are in recession presently and shows the labor market is strong enough to weather additional interest rate hikes. However, with the Fed planning to rapidly raise interest rates over the coming months to fight high inflation, the risk of a short and mild recession in the near future is high. Currently, The Conference Board projects economic output to contract slightly in Q4 2022 and Q1 2023.
If there is a short and mild recession, companies would likely start to reduce hiring in reaction to slowing economic activity. The chances of layoffs would also increase and primarily impact lower-skilled workers. With hiring usually adjusting to economic activity a few months later, there could be small monthly job losses by early 2023. As a result, the unemployment rate—in June remaining at 3.6 percent—would tick up.
Still, the unemployment rate may well stay below 4 percent following a short and mild recession. This would mean labor shortages will continue to be a challenge for employers in 2023 and beyond.
About The Conference Board
The Conference Board is the member-driven think tank that delivers trusted insights for what's ahead. Founded in 1916, we are a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org • Learn more about our mission and becoming a member.
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SOURCE The Conference Board | https://www.wibw.com/prnewswire/2022/07/08/solid-job-growth-continues-amid-slowing-economy/ | 2022-07-08T16:21:41Z |
HOUSTON, Aug. 3, 2022 /PRNewswire/ -- McDermott International and KBR (NYSE: KBR) have entered into a global licensing agreement to provide integrated solutions for KBR's proprietary ammonia technologies. Ammonia produced from renewable or low-carbon sources, commonly referred to as green and blue ammonia, supports global decarbonization because it can be used to provide carbon-free fertilizers, as an energy carrier or as a fuel.
The agreement represents a compelling solution to meet the growing ammonia market which combines KBR's leading technology with McDermott's global execution capabilities and fabrication and modularization expertise.
"This agreement enables us to offer customers an integrated approach for low-carbon ammonia projects by combining KBR's best-in-class ammonia technology with our global project delivery know-how, low-carbon execution approach and leadership in ammonia storage solutions," said Tareq Kawash, Senior Vice President, Onshore, McDermott. "This technology partnership is an important addition to our growing energy transition portfolio and strengthens our concept-to-completion capabilities."
"We are pleased to enter into an alliance agreement with McDermott to deliver world-class energy transition projects based on KBR's leading ammonia technology," said Aman Ahmad, KBR Senior Vice President, Global Sales. "This agreement will enable KBR and McDermott to leverage each other's strengths to deliver exceptional value to our clients as they scale and accelerate their energy transition initiatives."
As part of the agreement, McDermott and KBR will jointly evaluate opportunities to provide modularized execution concepts to drive additional efficiencies tailored to the needs of green and blue ammonia projects.
About McDermott
McDermott is a premier, fully-integrated provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach engineered to responsibly harness and transform global energy resources into the products the world needs. From concept to commissioning, McDermott's innovative expertise and capabilities advance the next generation of global energy infrastructure—empowering a brighter, more sustainable future for us all. Operating in over 54 countries, McDermott's locally-focused and globally-integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. To learn more, visit www.mcdermott.com.
About KBR
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 28,000 people performing diverse, complex and mission critical roles in 34 countries.
KBR is proud to work with its customers across the globe to provide technology, value-added services, and long- term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.
Visit www.kbr.com
Forward-Looking Statements
McDermott cautions that statements in this communication which are forward-looking, and provide other than historical information, involve risks, contingencies and uncertainties. These forward-looking statements include, among other things, statements about the expected benefits of the agreement discussed in this press release. Although we believe that the expectations reflected in those forward-looking statements are reasonable, we can give no assurance that those expectations will prove to have been correct. Those statements are made by using various underlying assumptions and are subject to numerous risks, contingencies and uncertainties, including, among others: adverse changes in the markets in which we operate or credit or capital markets; our inability to successfully execute on contracts in backlog; changes in project design or schedules; the availability of qualified personnel; changes in the terms, scope or timing of contracts, contract cancellations, change orders and other modifications and actions by our customers and other business counterparties; changes in industry norms; actions by lenders, other creditors, customers and other business counterparties of McDermott and adverse outcomes in legal or other dispute resolution proceedings. If one or more of these risks materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those expected. You should not place undue reliance on forward-looking statements. This communication reflects the views of McDermott's management as of the date hereof. Except to the extent required by applicable law, McDermott undertakes no obligation to update or revise any forward-looking statement.
Contacts:
Global Media Relations
Reba Reid
Senior Director, Global Communications and Marketing
+1 281 588 5636
RReid@McDermott.com
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SOURCE McDermott International, Ltd | https://www.kxii.com/prnewswire/2022/08/03/mcdermott-kbr-enter-global-licensing-agreement-ammonia/ | 2022-08-03T12:13:49Z |
Revenue of $79.6 million & 30% operating margin; Further growth expected in third quarter
MIGDAL HAEMEK, Israel , July 27, 2022 /PRNewswire/ -- Camtek Ltd. (NASDAQ: CAMT) (TASE: CAMT), today announced its financial results for the second quarter ended June 30, 2022.
Highlights of the Second Quarter of 2022
- Record quarterly revenues of $79.6 million; a 18% increase year-over-year;
- GAAP operating income of $20.9 million; non-GAAP operating income of $23.8 million, representing an operating margin of 26.2% and 29.9% respectively;
- GAAP net income of $19.2 million and non-GAAP net income of $22.1 million;
- Positive operating cash flow of $13.0 million.
Forward-Looking Expectations
Management expects continued growth for the third quarter with revenues to be $81-83 million.
Management Comment
Rafi Amit, Camtek's CEO commented, "We ended the second quarter with record results and 18% growth year-over-year. We are aware of concerns about the possibility of slowdown in the semiconductor industry and we are monitoring the situation. At this point we do not see any signs of declining demand for our systems. With our strong backlog, we see continued growth into the second half of the year as well.
Second Quarter 2022 Financial Results
Revenues for the second quarter of 2022 were $79.6 million, an increase of 18% compared to the second quarter of 2021.
Gross profit on a GAAP basis in the quarter totaled $40.2 million (50.5% of revenues), compared to a gross profit of $35.0 million (51.9% of revenues) in the second quarter of 2021. Gross profit on a non-GAAP basis in the quarter totaled $40.5 million (50.9% of revenues), compared to $35.2 million (52.1% of revenues) in the second quarter of 2021.
Operating profit on a GAAP basis in the quarter totaled $20.9 million (26.2% of revenues), compared to an operating profit of $17.0 million (25.3% of revenues) in the second quarter of 2021. Operating profit on a non-GAAP basis in the quarter totaled $23.8 million (29.9% of revenues), compared to $18.5 million (27.4% of revenues) in the second quarter of 2021.
Net income on a GAAP basis in the quarter totaled $19.2 million, or $0.40 per diluted share, compared to net income of $15.7 million, or $0.35 per diluted share, in the second quarter of 2021. Net income on a non-GAAP basis in the quarter totaled $22.1 million, or $0.46 per diluted share, compared to non-GAAP net income of $17.1 million, or $0.38 per diluted share, in the second quarter of 2021.
Cash and cash equivalents and short-term deposits, as of June 30, 2022 were $391.0 million compared to $383.3 million as of March 31, 2022. In addition, there were $47.0 in long-term deposits compared to $45.0 as of March 31, 2022. During the quarter, Camtek generated $13.0 million in operating cash flow.
Conference Call
Camtek will host a video conference call/webinar today via Zoom, July 27, 2022, at 9:00 am ET (16:00 Israel time).
Rafi Amit, CEO, Moshe Eisenberg, CFO and Ramy Langer, COO will host the call and will be available to answer questions after presenting the results.
To participate in the webinar, please register using the following link, which will email the link with which to access the video call:
For those wishing to listen via phone, following registration, the dial-in link will be sent.
For those unable to participate, a recording will be available on Camtek's website at http://www.camtek.com within a few hours after the call.
A summary presentation of the quarterly results will also be available on Camtek's website.
ABOUT CAMTEK LTD.
Camtek is a leading manufacturer of metrology and inspection equipment and a provider of software solutions serving the Advanced Packaging, Memory, CMOS Image Sensors, MEMS, RF and other segments in the mid end of the semiconductor industry.
Camtek provides dedicated solutions and crucial yield-enhancement data, enabling manufacturers to improve yield and drive down their production costs.
With eight offices around the world, Camtek has best-in-class sales and customer support organization, providing tailor-made solutions in line with customers' requirements.
This press release is available at http://www.camtek.com
This press release contains statements that may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the current beliefs, expectations and assumptions of Camtek Ltd. ("we," "us" and "our"). Forward-looking statements include our expected revenues for the second and third quarter of 2022 and can be identified by the use of words including "believe," "anticipate," "should," "intend," "plan," "will," "may," "expect," "estimate," "project," "positioned," "strategy," and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements involve known and unknown risks and uncertainties that may cause the actual results, performance or achievements of Camtek to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Our actual results and performance could differ materially from those projected in the forward-looking statements as a result of many factors, including as a result of the effect of the COVID-19 pandemic on the global markets and on the markets in which we operate, including the impact of war in Ukraine, rising inflation, rising interest rates, volatile exchange rates and commodities' prices, the risk of the continuation of disruptions to our and our customers', providers', business partners' and contractors' businesses as a result of the COVID-19 pandemic, such as for example the impact of China-imposed lockdowns; our expectations regarding sufficiency of cash on hand; our dependency upon the semiconductor industry and the risk that unfavorable economic conditions or low capital expenditures may negatively impact our operating results; anticipated trends and impacts related to industry component and substrate shortages and other supply chain challenges; the future purchase, use, and availability of components supplied by third parties; impurities and other disruptions to our customers' operations, which could lower production yields or interrupt manufacturing, and could result in the cancellation or delay of purchase of our products; the highly competitive nature of the markets we serve, some of which have dominant market participants with greater resources than us; the rapid evolvement of technology in the markets in which we operate, and our ability to adequately predict these changes or keep pace with emerging industry standards; the risks relating to the concentration of a significant portion of our business in certain countries in the Asia Pacific Region, particularly China (which is our largest territory), Taiwan and Korea, some of which might be subject to trade restrictions; changing industry and market trends; reduced demand for our products; the timely development of our new products and their adoption by the market;price reductions; and those other factors discussed in our Annual Report on Form 20-F and other documents filed by the Company with the SEC as well as other documents that may be subsequently filed by Camtek from time to time with the SEC.
While we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. In addition, any forward-looking statements represent Camtek's views only as of the date of this press release and should not be relied upon as representing its views as of any subsequent date. Camtek does not assume any obligation to update any forward-looking statements unless required by law.
This press release provides financial measures that exclude: (i) share based compensation expenses; and (ii) tax settlement expenses, and are therefore not calculated in accordance with generally accepted accounting principles (GAAP). Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Management uses both GAAP and non-GAAP measures when evaluating the business internally and therefore felt it is important to make these non-GAAP adjustments available to investors. A reconciliation between the GAAP and non-GAAP results appears in the tables at the end of this press release.
(1) In February 2022 the Company reached a settlement with the Israeli Tax Authorities and in the financial statements for the year ended December 31, 2021, recorded a one-time tax expense in respect of its historical exempt earnings.
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SOURCE Camtek Ltd | https://www.mysuncoast.com/prnewswire/2022/07/27/camtek-announces-record-results-second-quarter-2022/ | 2022-07-27T10:40:43Z |
Justices seem poised to hear elections case pressed by GOP
WASHINGTON (AP) — The Supreme Court seems poised to take on a new elections case being pressed by Republicans that could increase the power of state lawmakers over races for Congress and the presidency, as well as redistricting, and cut state courts out of the equation.
The issue has arisen repeatedly in cases from North Carolina and Pennsylvania, where Democratic majorities on the states’ highest courts have invoked voting protections in their state constitutions to frustrate the plans of Republican-dominated legislatures.
Already, four conservative Supreme Court justices have noted their interest in deciding whether state courts, finding violations of their state constitutions, can order changes to federal elections and the once-a-decade redrawing of congressional districts. The Supreme Court has never invoked what is known as the independent state legislature doctrine, although three justices advanced it in the Bush v. Gore case that settled the 2000 presidential election.
“The issue is almost certain to keep arising until the Court definitively resolves it,” Justice Brett Kavanaugh wrote in March.
It only takes four of the nine justices to agree to hear a case. A majority of five is needed for an eventual decision.
Many election law experts are alarmed by the prospect that the justices might seek to reduce state courts’ powers over elections.
“A ruling endorsing a strong or muscular reading of the independent state legislature theory would potentially give state legislatures even more power to curtail voting rights and provide a pathway for litigation to subvert the election outcomes expressing the will of the people.” law professor Richard Hasen wrote in an email.
But if the justices are going to get involved, Hasen said, “it does make sense for the Court to do it outside the context of an election with national implications.”
The court could say as early as Tuesday, or perhaps the following week, whether it will hear an appeal filed by North Carolina Republicans. The appeal challenges a state court ruling that threw out the congressional districts drawn by the General Assembly that made GOP candidates likely victors in 10 of the state’s 14 congressional districts.
The North Carolina Supreme Court held that the boundaries violated state constitution provisions protecting free elections and freedoms of speech and association by handicapping voters who support Democrats.
The new map that eventually emerged and is being used this year gives Democrats a good chance to win six seats, and possibly a seventh in a new toss-up district.
Pennsylvania’s top court also selected a map that Republicans say probably will lead to the election of more Democrats, as the two parties battle for control of the U.S. House in the midterm elections in November. An appeal from Pennsylvania also is waiting, if the court for some reason passes on the North Carolina case.
Nationally, the parties fought to a draw in redistricting, which leaves Republicans positioned to win control of the House even if they come up just short of winning a majority of the national vote.
If the GOP does well in November, the party also could capture seats on state supreme courts, including in North Carolina, that might allow for the drawing of more slanted maps that previous courts rejected. Two court seats held by North Carolina Democrats are on the ballot this year and Republicans need to win just one to take control of the court for the first time since 2017.
In their appeal to the nation’s high court, North Carolina Republicans wrote that it is time for the Supreme Court to weigh in on the elections clause in the U.S. Constitution, which gives each state’s legislature the responsibility to determine “the times, places and manner” of holding congressional elections.
“Activist judges and allied plaintiffs have proved time and time again that they believe state courts have the ultimate say over congressional maps, no matter what the U.S. Constitution says,” North Carolina Senate leader Phil Berger said when the appeal was filed in March.
The Supreme Court generally does not disturb state court rulings that are rooted in state law.
But four Supreme Court justices — Clarence Thomas, Samuel Alito, Neil Gorsuch and Kavanaugh — have said the court should step in to decide whether state courts had improperly taken powers given by the U.S. Constitution to state lawmakers.
That was the argument that Thomas and two other conservative justices put forward in Bush v. Gore, although that case was decided on other grounds.
If the court takes up the North Carolina case and rules in the GOP’s favor, North Carolina Republicans could draw new maps for 2024 elections with less worry that the state Supreme Court would strike them down.
Defenders of state court involvement argue that state lawmakers would also gain the power to pass provisions that would suppress voting, subject only to challenge in federal courts. Delegating power to election boards and secretaries of state to manage federal elections in emergencies also could be questioned legally, some scholars said.
“Its adoption would radically change our elections,” Ethan Herenstein and Tom Wolf, both with the Brennan Center’s Democracy Program at the New York University Law School, wrote earlier this month.
___
Robertson reported from Raleigh, North Carolina.Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/06/19/justices-seem-poised-hear-elections-case-pressed-by-gop/ | 2022-06-19T16:44:42Z |
- Evolved's novel and proprietary cultivated meat platform enables the sustainable creation of functional tissues that are structurally and biochemically similar to conventional meat
- New funding will support Evolved's further product development and the initial scale-up of its production process
TORONTO, May 19, 2022 /PRNewswire/ - Evolved Meats ("Evolved"; formerly known as CaroMeats), a Canadian biotechnology startup, has raised $2 million in its seed round to accelerate its product development and to support the initial scale up of its production processes. This round is led by Canada's leading protein company, Maple Leaf Foods Inc., and financing is joined by a global protein fund, Big Idea Ventures, and investors Garage Capital, Saltagen Ventures, the University of Waterloo's Velocity Fund, and strategic angels.
Worldwide demand for meat is expected to double by 2050, and new forms of production will be needed to help service it. In addition to that supply challenge, global meat production drives ~15% of total carbon emissions and is a key driver of climate change. By growing meat directly from stem cells, Evolved's technology represents a sustainable path forward to mitigate both of these challenges. Evolved's species agnostic platform grows whole cuts of meat that are structurally and biochemically identical to conventional cuts of meat butchered from animals (eg. steak, pork belly, chicken breast, fillet of fish, etc). In addition, Evolved can leverage its ability to grow functional tissue to create a unique production system that gives it the opportunity to become a low cost operator in the space.
Evolved's unique approach is enabled by provisionally patented innovations in tissue engineering, which its CEO Alireza Shahin developed during his PhD and post-doctoral work in Dr. Ravi Selvaganapathy's lab at McMaster University. Through his novel approaches to cell sheet engineering, Shahin discovered that he was able to create functional tissues that could then be arranged to replicate any cut of meat from any species. This allows Evolved to recreate the fibrous texture, marbling, taste, mouthfeel, and nutrition of conventional meat directly from cells, and this is achieved without the need for any exogenous materials, such as scaffolding or binders.
"Our ambition is to recreate meat in a way that is identical to nature by biofabricating functional muscle tissues and capturing the entire muscle to meat transition. The proprietary technologies underlying our modular system allow us to do exactly that. However, recreating whole cuts of meat is only part of the challenge. Our unique ability to create functional tissues will help us scale out our production while driving towards price parity with conventional meat," said Shahin. "This mix of familiar cuts and affordable prices will enable Evolved to lead a massive transformation of the food system, and we are excited to work with Maple Leaf Foods and Big Idea Ventures to usher in that change."
"Maple Leaf Foods' vision is to be the most sustainable protein company on earth. We are committed to supporting promising new technologies with the potential to nourish people and protect the planet," said Michael McCain, President and CEO of Maple Leaf Foods. "We are excited to invest in Evolved, as they pursue their vision to produce cultivated meat production using their unique technology."
"Evolved Meats are working to solve important scale-up challenges to cell-based meats," said Andrew D. Ive, Founder and Managing General Partner of Big Idea Ventures. "By removing the need for scaffolding, Evolved Meats technology breaks down not one but several barriers in the cultivated meat production process and makes non-processed meat cuts possible. We are excited to invest and support the company, and as an active board member I look forward to working with the Evolved Meats team."
Added John Cappuccitti, co-founder and COO, "We have a once in a generation opportunity to reimagine our relationship with natural food, and we owe it to ourselves, the planet, and nature to make sure we do things sustainably. By creating whole cuts of meat directly from cells, we are enabling consumers to enjoy meat without compromise. We encourage anyone who wants to join this mission to reach out."
About Maple Leaf Foods
Maple Leaf Foods is a carbon neutral company with a vision to be the most sustainable protein company on earth, responsibly producing food products under leading brands including Maple Leaf®, Maple Leaf Prime®, Maple Leaf Natural Selections®, Schneiders®, Schneiders® Country Naturals®, Mina®, Greenfield Natural Meat Co.®, Lightlife® and Field Roast™. The Company employs approximately 13,500 people and does business primarily in Canada, the U.S. and Asia. The Company is headquartered in Mississauga, Ontario and its shares trade on the Toronto Stock Exchange (MFI).
About Big Idea Ventures
Big Idea Ventures (BIV) is solving the world's greatest challenges by supporting the world's best entrepreneurs. Its first fund, the New Protein Fund ($50M+ AUM) invests in global alternative protein companies at the pre-seed stage via its accelerator program and seed to series A via direct investment. New Protein Fund I is backed by leading food corporations including AAK, Avril, Bel Group, Bühler Group, Givaudan, NR Instant Produce, Meiji, Tyson Ventures, and Temasek Holdings. To date, Big Idea Ventures has invested in more than 65 alternative protein companies across 17 countries.
About Evolved Meats
Evolved Meats is creating the sustainable food company that people, the planet, and nature deserve. By starting with only a few cells, we can grow whole cuts of real meat from any animal. Our process uses significantly less land and less water than current meat production. We also generate fewer greenhouse gases and harm 100% fewer animals. Learn more at itsevolved.com.
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SOURCE Evolved Meats | https://www.kxii.com/prnewswire/2022/05/19/cultivated-meat-startup-evolved-meats-raises-2-million-seed-round-led-by-funders-maple-leaf-foods-big-idea-ventures/ | 2022-05-19T17:10:46Z |
“We don’t believe what’s on TV ...”
— Twenty-one Pilots
Remember all those nights when we used to — often as families — gather around the television in the evenings to watch classic shows like “Seinfeld,” “Andy Griffith,” “Hill Street Blues,” “MASH,” “The Office,” “Happy Days,” “Bonanza,” “Miami Vice,” “Night Gallery,” “Desperate Housewives,” “Gunsmoke,” “WWE Raw?”
Then, when the pay and premium cable channels decided to start producing their own series — which usually were not exactly family-friendly — we got to see great shows like “The Shield,” “The Wire,” “The Sopranos,” “Six Feet Under,” “Mad Men,” “Dexter.”
Now, when most people sit down to watch TV, this is what happens: Let’s see ... the Braves aren’t playing tonight, so let’s see what’s on ... Nope ... nope ... nope ... nope ... umm, nope, nope, nope, nope ... and on and on and on.
Hell, if it weren’t for “adult cartoons” like “Bob’s Burgers” and “Rick and Morty,” you might surf your way through a couple of hundred channels and find absolutely nothing worth seeing ... unless you’re a fan of all the murder channels, the goings-on of boring and disgusting groups of housewives, “reality” shows that are about as real as the cartoons, or any of a dozen or so cooking shows.
Cable and pay-channel rates keep going up and up, and the quality of what they bring to their customers keeps going down and down and down ... to sub-basement levels. So when you find something — anything — worth watching, it’s a monumental moment.
I’ve discovered such a show, and it’s one of the best shows I’ve seen in a while. I’m only seven episodes into FX’s “The Bear,” and it’s already moved up my list of favorite shows ever and is threatening to break into the Top 15 or so.
It’s that good.
Jeremy Allen White — you’ll remember him as the unforgettable ‘Lip Gallagher in the one-of-its-kind Showtime drama “Shameless” — stars as a super chef, Carmen “Carmy” Berzatto, who inherits his brother’s hole-in-the-wall restaurant “Beef” in downtown Chicago when said brother commits suicide. His brother’s best friend, Richie (“Cousin”), played with just the right mix of sleaze and lovability by Ebon Moss-Bachrach, an Eric Clapton in his post-God phase look-alike), bemoans the fact that Bobby left the restaurant to his brother, and he fights changes sought by Carmy.
Sydney Adamu, played by the compelling Ayo Edebiri, seeks a job at Beef because she’d come there with her dad as a child, and pretty soon she’s enlisted to manage the joint, much to the chagrin of Richie and long-time employees like Tina (Lisa Colon-Zayas). And then there’s Carmy’s sister, “Sugar” (Abby Elliott), who because she co-signed with her brother, finds herself beset by the IRS when it’s discovered the older brother had a thing about not doing such paperwork as employee taxes and such.
White is perfect as Carmy, and you see the suffering he endures in trying to turn Beef around in the actor’s baleful blue eyes. Sydney, excellently portrayed by Edebiri, is too impatient to wait for good things to happen, and that both endears her and often enrages Carmy, who learned the culinary arts under the heels of an insufferable head chef at “the best restaurant in the world.” While they succeed at least in cleaning up and getting the restaurant moving in the right direction (even though you can binge-watch all episodes of “The Bear” on Hulu, I try to limit the number of shows so that the series doesn’t end too quickly, and then I’m back to nothing on ... except maybe another of FX’s excellent entertainment extravaganza’s, “The Old Man,” which stars Jeff Bridges and John Lithgow) there is never a dull moment.
From gangsters staking out turf in front of Beef to a power/gas failure to someone shooting out the front window to a backlog of orders that drives everyone frantic thanks to a new system to Richie’s drug dealing in the alley behind the restaurant to those IRS issues ... the excitement never ends.
I probably won’t be able to help myself and I’ll watch the rest of the episodes of “The Bear” in one sitting. It definitely is a great cure for the “there’s-nothing-on” disease that permeates modern-day TV. | https://www.albanyherald.com/local/carlton-fletcher-finally-thanks-to-fx-and-hulu-theres-something-worth-watching-on-tv/article_6bb0c760-fc85-11ec-a84d-179525fd92c2.html | 2022-07-05T23:16:23Z |
Canton Audubon Society hike Saturday at Wilderness Center
The Repository
SUGAR CREEK TWP. – The Canton Audubon Society will conduct a birding hike at 8 a.m. Saturday in the Sigrist Woods and Foxfield Preserve at The Wilderness Center. Members and nonmembers are welcome.
Local Audubon club Vice President Scott Watkins will lead the hike. Participants may bring their own binoculars or borrow them from the club. The trails at The Wilderness Center are graveled, but unpaved, with moderate elevation changes, and include some boardwalks. Meet under the solar panels at the entrance to the park at 9877 Alabama Ave. SW. | https://www.cantonrep.com/story/news/2022/08/02/canton-audubon-society-birding-hike-wilderness-center/10212023002/ | 2022-08-02T21:57:46Z |
American killed fighting alongside Ukrainian forces in Ukraine
By Ellie Kaufman and Clarissa Ward, CNN
An American citizen, Willy Joseph Cancel, was killed fighting alongside Ukrainian forces in Ukraine, members of Cancel’s family confirmed to CNN.
The 22-year-old was working with a private military contracting company when he was killed on Monday. The company had sent him to Ukraine, and he was being paid while he was fighting there, Cancel’s mother, Rebecca Cabrera, told CNN.
Cancel, a former US Marine, according to his mother, signed up to work for the private military contracting company on top of his full-time job as a corrections officer in Tennessee shortly before the war in Ukraine broke out at the end of February, Cabrera said. When the war began, the company, according to Cabrera, was searching for contractors to fight in Ukraine and Cancel agreed to go, Cabrera said.
“He wanted to go over because he believed in what Ukraine was fighting for, and he wanted to be a part of it to contain it there so it didn’t come here, and that maybe our American soldiers wouldn’t have to be involved in it,” Cabrera told CNN in a phone interview.
Cancel flew to Poland on March 12 and crossed into Ukraine sometime over March 12 and 13, Cabrera said.
The group of men Cancel was fighting alongside were from “all different countries,” Cabrera said.
Cabrera was told by those who notified her of her son’s death that his body had not been found.
“They haven’t found his body,” she said. “They are trying, the men that were with him, but it was either grab his body or get killed, but we would love for him to come back to us.”
A State Department official said they are “aware of these reports and are closely monitoring the situation.”
“Due to privacy considerations, we have no further comment,” the official added. “We once again reiterate US citizens should not travel to Ukraine due to the active armed conflict and the singling out of US citizens in Ukraine by Russian government security officials, and that US citizens in Ukraine should depart immediately if it is safe to do so, using any commercial or other privately available ground transportation options.”
Cancel leaves behind a 7-month-old baby and a wife, Cabrera said. Cancel was living in Tennessee before he left for Ukraine, and is originally from Orange County, New York, said Devin Tietze Jr., Cancel’s brother-in-law.
Cabrera said Cancel “always put everybody ahead of himself.”
“He was just a really thoughtful person. He always put everybody ahead of himself even when situations were so stressful,” Cabrera said of her son. “He always kept everybody laughing and calm. He was the man that stood up when everybody else stood back.”
Tietze said Cancel was the “type to fight for what’s right regardless of the outcome,” when asked why Cancel had decided to join the fight in Ukraine.
“He believed wholeheartedly this shouldn’t have happened and he wanted to go help the people in Ukraine,” Tietze said in a phone interview.
Cabrera said Cancel “wanted” to do the military contract work.
“It was something that he believed in his heart, that was the right thing. He was the type of man who always stepped up when everybody else stepped back, and there were a lot of men who were like that that were with him,” Cabrera said.
Earlier on Thursday the British government confirmed a UK citizen had been killed in Ukraine and said officials are “urgently seeking further information” on another who is missing, a UK Foreign Office spokesperson told CNN.
“We can confirm that a British national has been killed in Ukraine and are supporting their family,” they said.
The Ukrainian Defense Ministry created a special unit, the International Legion, for foreign fighters who wanted to join the fight against Russia. More than 20,000 volunteers and veterans from 52 countries had expressed their desire to join the fight as of March 7, according to Brig. Gen. Kyrylo Budanov, commander of the Main Intelligence Directorate of the Ministry, which will run this legion.
CNN previously reported on foreign nationals, including citizens from the US and the UK, who had left home to join the fight in Ukraine.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
CNN’s Kylie Atwood contributed to this report. | https://localnews8.com/politics/cnn-us-politics/2022/04/28/american-killed-fighting-alongside-ukrainian-forces-in-ukraine/ | 2022-04-29T03:45:18Z |
Emporia dependent abuse case suspect sentenced to 3+ years
EMPORIA, Kan. (WIBW) - The suspect in a Lyon Co. dependent abuse case will be spending the next three-plus years in prison.
According to KVOE radio in Emporia, Rachel Daisy Cunningham was sentenced to 38 months in prison by Lyon Co. Judge Merlin Wheeler on Thursday. Following release, Cunningham will be required to serve 24 months of post release supervision.
Cunningham entered a plea of no contest to adult mistreatment in June 2022. In exchange, drug related charges were dropped.
Asst. Lyon Co. Attorney Amy Aranda told KVOE that Cunningham “omitted or deprived the dependent of treatment, goods or services necessary to maintain the physical or mental health of the dependent person.”
Officials say the mistreatment case did not involve a financial component.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/09/02/emporia-dependent-abuse-case-suspect-sentenced-3-years/ | 2022-09-02T14:59:03Z |
Parents charged after 2-year-old found dead in home, sheriff says
YORK COUNTY, Va. (Gray News) – A 2-year-old girl was found dead in a Virginia home Thursday, according to officials.
The York-Poquoson Sheriff’s Office said the child’s parents were both arrested and charged with child neglect due to the conditions of the home. Deputies did not elaborate on those conditions.
Jail records confirm the mother, 29-year-old Anna Raines, and the father, 37-year-old Jesse Gunn, are both charged with child abuse/neglect: reckless disregard for life. Gunn is also facing a drug possession charge.
Raines and Gunn are both being held at the Virginia Peninsula Regional Jail without bond.
The sheriff’s office said the medical examiner is working to determine a cause of death for the toddler.
Deputies did not provide further details but said they are continuing to investigate the case and will provide further information as it becomes available.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/07/13/parents-charged-after-2-year-old-found-dead-home-sheriff-says/ | 2022-07-13T20:34:46Z |
IIAI, the premier AI research institution in the Middle East and subsidiary of G42, is announcing a partnership with Petuum to build powerful AI applications through the principles of composability, scalability, and automation
PITTSBURGH, June 6, 2022 /PRNewswire/ -- Petuum, the creator of the world's first composable platform for MLOps, and the Inception Institute for Artificial Intelligence (IIAI), have agreed to partner on the development of revolutionary AI applications.
Petuum has recently announced a limited release of the composable platform, which includes the AI OS, Universal Pipelines, Deployment Manager, and Experiment Manager, for select private beta partners. Through the partnership with Petuum, IIAI's enterprise AI/ML teams will operationalize and scale their applications into production.
Founded in 2018, IIAI's mission is to build full-stack AI solutions and operating systems for enterprise businesses and developers. Besides being the research arm for G42, IIAI is also empowering stakeholders with AI applications and incubating new technology at the cutting edge of ML innovation.
"IIAI is the clear leader in the Middle East in terms of raw talent, investment, and focus on AI. Their powerful infrastructure is a perfect fit for Petuum's ability to multiply the value of their on-prem and cloud resources. Through our collaboration, the amazing engineers at IIAI see exponential productivity improvements as they automate all but the most interesting and research-intensive tasks." -Adil Islam, Lead Product Manager at Petuum
IIAI's state of the art engines range through NLP, particularly translation, audio recognition and analysis, computer vision and image understanding, video content analysis, and knowledge graphs. In particular, IIAI's robust Machine Translation engine breaks the boundaries of file types, language types, and communication formats. The self-improving multi-modal translation engine allows users to speak or take pictures to receive streaming translations that can be compiled into files for further analysis. This engine is being expanded to sign language, as part of a focus on differently abled communities.
After an initial proof of concept with the Petuum Platform, the IIAI team is confident that the productivity and cost enhancements from the partnership will rapidly expand the institute's lead in building state of the art engines, taking it from its position as leader in MENA to becoming a global champion for the adoption of AI in enterprises.
"IIAI uses the Petuum platform for developing, deploying, and managing our AI services. Petuum's platform is accelerating the development of our market-leading Arabic NLP AI product. With Petuum AI OS, we can wrap up anything and everything, as long as it runs with Docker. In that sense, we not only have this graph system, but we can also easily standardize all of our pipelines." - Guowei He, Principal HPC Engineer at IIAI
IIAI is rapidly expanding and adding top talent to its stellar community of Scientists, Software Engineers, ML Engineers, and MLOps Engineers in Masdar City, Abu Dhabi, UAE. To learn more, email contact.iiai@g42.ai.
Petuum's award-winning team continues to grow across all roles. To learn more, please visit petuum.com or email careers@petuum.com.
About Petuum
Petuum is building the world's most composable and scalable platform for MLOps designed to help customers scale up their AI operations for speed, cost, and productivity. With low/no code interfaces and universal representations for data, pipelines, and infrastructure, the Petuum Platform provides an easy-to-use experience to supercharge your ML Engineering. Petuum was named a 2018 Technology Pioneer by the World Economic Forum, one of only 61 start-ups in the world to be so honored. Visit petuum.com to find out more about our exclusive private beta.
Follow Petuum for News and Updates
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SOURCE Petuum | https://www.mysuncoast.com/prnewswire/2022/06/06/petuum-inception-institute-ai-partner-advanced-ai/ | 2022-06-06T15:48:56Z |
ARLINGTON, Va., May 25, 2022 /PRNewswire/ -- The members of the American Waterways Operators, the national tugboat, towboat and barge industry association, elected a new slate of leaders last week during the association's Spring Board of Directors / Annual Membership Meeting.
Clark Todd, President & Chief Operating Officer of Blessey Marine Services, was elected Chairman; Rick Iuliucci, Vice President of The Vane Brothers Company, was elected Vice Chairman; and Brian Hughes, Vice President Operations & Sales, Hughes Bros., Inc., was re-elected Treasurer. Mr. Todd succeeds outgoing Chairman Del Wilkins, President, Illinois Marine Towing, Inc.
AWO President & CEO Jennifer Carpenter emphasized the strength of AWO's leadership through this transition:
"After an inspiring and productive year under Del's leadership, we look forward to another promising year of opportunity with Clark at the helm. AWO is very fortunate to have such industry leaders of such talent guiding our association and we are energized to work for and with these outstanding member leaders."
In his remarks, Mr. Todd emphasized that the industry is successful because it is built on enduring values and ideas, and laid out his "forward into the future" plans for his chairmanship:
"My overarching focus as Chairman will be to put people first by making sure our industry is focused on mariners over markets," he explained. "I will do that by working with all of our members, engaging with them from coast to coast, to draw from their diverse backgrounds, expertise, operating environments and perspectives, so we can not only take on the challenges of today that are affecting our people in the here and now, but also so we can take on the challenges that are going to define tomorrow."
Mr. Todd noted several priorities for the near future, highlighting mariner safety, decarbonization, and labor availability, and explained that AWO is key to the industry successfully navigating these challenges:
"AWO has been and will remain critical to helping us take on the challenges, and seize the opportunities, of today and tomorrow. Through AWO, we are far better positioned to shape our own future as an industry than if we each had to try to do that separately, on our own, while also operating our business."
Mr. Todd concluded by emphasizing the importance of members engaging in the association:
"Without us, there is no future. We benefit from a strong AWO, and AWO is strongest when we are engaged. That's why I intend to follow Del's example and work with our members coast-to-coast to make sure everyone is heard."
About the American Waterways Operators
The American Waterways Operators is the tugboat, towboat and barge industry's advocate, resource and united voice for safe, sustainable and efficient transportation on America's waterways, oceans and coasts. Industry vessels move more than 665 million tons of America's commerce each year on the U.S. inland and intracoastal waterways, the Atlantic, Pacific and Gulf Coasts and the Great Lakes.
For more information about the importance of waterway transportation, please contact AWO at (703) 841-9300 or visit AWO's website at www.americanwaterways.com.
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SOURCE American Waterways Operators | https://www.mysuncoast.com/prnewswire/2022/05/25/american-waterways-operators-elects-blessey-marine-services-clark-todd-chairman/ | 2022-05-25T19:07:26Z |
HOUSTON (AP) — While Deshaun Watson’s NFL career has resumed withthe Cleveland Brownsafter grand juries declined to indict him on any criminal charges over sexual misconduct allegations, his legal problems remain far from over.
Lawsuits filed in Houston by 22 women who have accused him of sexual assault and harassment remain unresolved, with no trial date set. Watson has denied any wrongdoing, saying last month he has “never assaulted, disrespected or harassed any woman in my life.”
Tony Buzbee, the attorney for the 22 women, said while his clients have been disheartened that Watson is able to participate in NFL activities amid his legal troubles, the attorney is focused on collecting evidence, including depositions of the quarterback, in anticipation of going to trial in civil court.
“All this other stuff surrounding is just a bunch of noise because my singular focus is preparing the cases to be tried and I intend to win them,” Buzbee said.
But Rusty Hardin, Watson’s attorney, said it would be “ludicrous” for Watson to not be allowed to resume playing when criminal charges were declined by two grand juries and the civil cases are still going through the normal legal channels.
“What they want is for him to be punished without process and to be unemployed without process and that’s crazy,” Hardin said.
The women allege in their lawsuits that Watson exposed himself, touched them with his penis or kissed them against their will during massage appointments. One woman alleged Watson forced her to perform oral sex.
Two separate Texas grand juries last month declined to indict Watson on criminal complaints stemming from the allegations.
David Ring, a California-based attorney not connected to the lawsuits and who has represented victims of sexual assault, said while it was a “big victory” for Watson that he wasn’t indicted, negative information from the lawsuits could still be made public that might impact his eligibility to play and whether NFL fans fully embrace him.
“I think there’s a large segment of the NFL fan base out there that’s still very interested in the outcome of the civil cases and again the more information that comes out about him, the more damaging it could be,” said Ring.
Watson was set to be deposed for about 50 hours and Buzbee said he still has another 30 hours to go. Watson’s depositions, which are being done on separate days, could stretch into the summer.
Buzbee and Hardin have different views of how Watson’s depositions have gone so far.
Buzbee said that in the depositions, Watson has offered no reasons for why he contacted people on Instagram for massages and didn’t use professional services offered by the Houston Texans, his former team.
“He literally has no explanation as to why he went about his business this way,” Buzbee said.
Hardin said he is concerned the depositions are only being done so that certain information that’s seen as damaging can be made public and create pressure to get Watson to settle the cases.
“At the end of the day, they don’t shed much light on anything,” Hardin said of Watson’s depositions by Buzbee.
No civil trials were set to happen during the upcoming NFL season as both sides last month agreed to not schedule any trials between Aug. 1 and March 1.
Buzbee said he tried to have the first civil trial in July but Watson’s attorneys weren’t interested.
Hardin said there were some discussions about a possible July trial for one or two of the lawsuits but issues related to scheduling among the lawyers and the judge haven’t been resolved.
Ring said he expects that as the ongoing discovery process in the case, in which depositions, documents and other evidence is gathered, winds down, “serious settlement talks” will likely start. He said 95% of civil lawsuits end up being settled before trial.
“The odds are it’s going to be a settlement at some point,” Ring said.
Buzbee said he’s still planning on having a separate trial for each of the 22 lawsuits.
Hardin said there are no current settlement conversations, but added “a trial is not going to go well for” Buzbee.
___
Follow Juan A. Lozano on Twitter: https://twitter.com/juanlozano70 | https://cw33.com/sports/ap-sports/qb-watsons-legal-woes-far-from-over-as-he-reports-to-browns/ | 2022-04-21T04:27:19Z |
(KTLA) — Single heterosexual men are having a hard time on the dating scene.
According to a study by Psychology Today, “younger and middle-aged men are the loneliest they’ve ever been in generations, and it’s probably going to get worse,” and it’s due to a variety of reasons.
Men now make up 62% of dating app users, which reduces their chances of making a match. This means women have plenty of men to choose from, so they’re more likely to ghost someone.
Another reason is healthy relationship standards have changed. The study says women are looking for someone who is emotionally available, a good communicator, and shares similar values.
The third reason is that men need to address a “skills deficit.”
The study claims many young men are not being taught early on how to treat women correctly.
“The problem for men is that emotional connection is the lifeblood of healthy, long-term love,” the study said.
However, all hope is not lost.
While algorithms on dating apps and websites are becoming increasingly more complex, it could lead to greater matches. The study found that the dating app Hinge found that 90% of users rated their first date positively, with 72% indicating wanting a second date through the app’s beta trials.
The author of the study advised that men who are having issues in the dating world should go to therapy to address the “skills gap” in order to connect with a future partner. | https://cw33.com/news/nexstar-media-wire/single-men-are-the-loneliest-theyve-been-in-generations-study-says/ | 2022-08-13T16:58:12Z |
EATONTON — Carolyn Curry, the wife of famed two-time Super Bowl champion and college football coach Bill Curry, is the author of the just-released novel “Sudden Death.” Curry will be the Georgia Writers Museum “Meet the Author” presenter on Sept. 6 at noon.
Bill Curry will be at the event and interview Carolyn. Given the football theme of this murder mystery, the event will feature an old-fashioned tailgate party like fans enjoy on game day, complete with delicious food and favorite beverages. Tickets are $45 per person ($40 for two or more tickets). For more information or to register and pre-order a signed book, visit Georgia Writers Museum or www.georgiawritersmuseum.org.
Carolyn Curry is an award-winning author, historian and nonprofit founder and director of Women Alone Together. She holds a BA from Agnes Scott College and an MA and PhD from Georgia State University. In 2014, she published her first book, “Suffer and Grow Strong: The Life of Ella Gertrude Clanton Thomas 1834-1907.” In 2015, it was selected as “one of the books all Georgians should read” by the Georgia Center for the Book. In that same year, Curry was named Georgia Author of the Year by the Georgia Writers Association.
“Sudden Death” is set in the world of football. More than a whodunit, the novel spans about 30 years from 1966 to 1997 in the life of one couple, who grew up half a world apart. Kendall Harris, a brilliant law student from Georgia, and Duke Astin, a star quarterback from Hawaii, meet at UCLA, fall in love, and marry soon after graduation. Kendall practices law and Duke plays for a decade in the NFL, then becomes a college coach. Juggling two careers and moving from state to state puts pressure on their relationship. But through the joys and stresses of life, they stay loyal to one another.
As this Southern saga continues, things take a troubling turn when Coach Astin is hired by a football powerhouse in the South. Immediately, an influential group, unhappy that Duke was hired, begins to undermine everything he tries to accomplish. The coach and his wife both receive death threats as they work to stay focused on their careers and activities in the community. But when the murder occurs, the story becomes a search for joy and goodness in life — and ultimately the triumph of the human spirit over unspeakable odds.
“I write about more than simply football,” Curry said about her latest book. “And even though I do have a lot of life experiences being the wife of a football player and coach, this book is a work of fiction. As a historian, I have always been drawn to strong women who overcome great difficulty, so it was natural I created fictional females with similar characteristics.
“Ultimately, this novel tells the stories of brave men and women who try to do the right thing and make a difference in this world.”
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Johns Hopkins surgeon shot in attempted carjacking
By WJZ Staff
Click here for updates on this story
BALTIMORE (WJZ) — A Johns Hopkins doctor was hospitalized Friday morning after he was shot in an attempted carjacking in Northeast Baltimore, Johns Hopkins Medicine said.
The shooting happened about 7 a.m. near the intersection of Loch Raven Boulevard and East 36th Street, according to Baltimore Police. Officers called to the scene found a 38-year-old man suffering from a gunshot wound in the 1200 block of East 33rd Street, police said.
Hopkins Medical said in an internal email that Dr. Madhu Subramanian, a trauma and acute care surgeon, was on his way to work at Johns Hopkins Bayview Medical Center when the incident happened near the 3600 block of Loch Raven Boulevard.
WJZ has learned that Dr. Subramanian was shot as he was trying to get away from the suspects. Johns Hopkins Medicine said he was not seriously injured and has been treated and released.
One resident near the scene of the crime in the Ednor Gardens community said he saw the whole thing unfold.
“I look out my window and I guess not long after I saw two dark-colored vehicles going very fast towards the south side,” said neighbor Menching Liu.
Liu said just after 7 a.m., Dr. Subramanian was driving on East 36th Street when two dark cars tried to block him in. Then, he said two armed suspects demanded Dr. Subramanian get out of his car. Instead, Liu said he saw the surgeon drive off, which is when the suspects opened fire.
Dr. Subramanian was treated by his own team. Johns Hopkins Trauma Surgeon Dr. Joseph Sakran recounted his experience treating his colleague this morning in a Twitter thread.
Dr. Sakran, who is himself is a survivor of gun violence, said he was “numb and in disbelief” when he heard Dr. Subramanian had been shot. He said not knowing the extent of his colleague’s injuries had his heart racing.
Carjackings are up in Baltimore. According to Baltimore Police data, carjackings are up more than 66% over last year to 136.
Anyone with information about this case is asked to call police at 410-396-2444 or Metro Crime Stoppers at 1-866-7LOCKUP.
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/2022/04/02/johns-hopkins-surgeon-shot-in-attempted-carjacking/ | 2022-04-02T19:09:21Z |
Partnership will drive communication across multiple locations quickly and efficiently.
JERSEY CITY, N.J., June 30, 2022 /PRNewswire/ -- Culinary Digital, a leading food-tech platform and Fulcrum Group LLC company, has announced a new project with Whitsons Culinary Group (Whitsons), a provider of customized dining services to public schools and more in the Northeast, to launch 'Café Connections' across 110 school districts. The alliance will bridge the communication gap for onsite staff allowing Whitsons to deliver real-time information and updates directly to the onsite teams.
"We're growing at a very rapid rate, and the larger we get, the more challenges it presents in terms of trying to reach out to all our team members. The goal was to be in front of it and start coming up with solutions before we would have to go backwards looking for a solution," said Kelly Friend, Chief Operating Officer for Contract Management, Whitsons.
Café Connections is the newest innovation from Culinary Digital to manage the content on screens at each school with ease, helping to develop skills and keep team members engaged. The internal digital network of up to 700 screens connects Whitsons' K-12 cafeterias across 110 school districts. Café Connections was inspired by the existing FD Connect, an employee communication platform for food contractors and self-operating cafeteria operation.
Additionally, Café Connections will:
- Inform staff with real-time information on new products, plans, training, features, or recalls
- Provide responsive communication between corporate/district office and onsite teams
- Offer flexibility by the system to personalize messages across each district
Commenting on the partnership, Abilash Krishnaswamy, VP of Products, Culinary Digital, said, "We have been partners with Whitsons Culinary Group over the last 8 years and worked on various projects involving automation and digitization of back of the office and front of the office cafeteria management functions. Café Connection further strengthens our already existing long-term strategic partnership."
"The high-impact communication platform can be used to send day-to-day happenings including OSHA training needs, supply chain challenges, newsletters, benefits, and much more," continued Krishnaswamy.
"Our motto is People, Food and Communication. Not only does this align with our goals and our company culture, but it also addresses the food part of it. Each location can share what they're doing with the food being served. It's inspiring the employees," said Friend.
About Culinary Digital:
Culinary Digital Inc. is a leading food-tech platform that offers an integrated suite of culinary products and technology solutions for the foodservices industry. It is a Fulcrum Group LLC company; group companies include Fulcrum Digital LLC. and Fulcrum Worldwide Pvt. Ltd.
Over the last 20 years, Culinary Digital has empowered food management companies and self-operators to automate and streamline business operations, reduce food costs, and increase revenue. Our powerful set of culinary products like Culinary Suite and solutions have meticulously developed to incorporate leading business practices in the industry. For more information, visit www.culinarydigital.com
About Whitsons Culinary Group
Whitsons Culinary Group provides a wide range of highly customized dining services to public schools, healthcare dining and emergency services throughout the Northeast, with a strong focus on nutritious, high quality meals made from wholesome, fresh ingredients. Whitsons has a long and proud history of excellence and growth since 1979 and is setting new standards for the foodservice industry with wholesome foods and family values. For more information, visit www.whitsons.com or find us on Facebook or Twitter.
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SOURCE Culinary Digital | https://www.mysuncoast.com/prnewswire/2022/06/30/culinary-digital-whitsons-partner-launch-caf-connections-across-110-school-districts/ | 2022-06-30T16:03:41Z |
Inbound Marketing Agency's Award-Winning Client Work, Remote Work Model Support Consistent Revenue Growth
IRVINE, Calif., Aug. 16, 2022 /PRNewswire/ -- SmartBug Media®— a leading Intelligent Inbound® marketing agency that assists B2B businesses, B2C organizations and D2C e-commerce businesses in growing revenue by generating leads, scaling revenue operations and building market awareness through inbound marketing, digital strategy, design, marketing automation, revenue operations, public relations, paid media and web development — today announced that it has been named to the prestigious Inc. 5000 list of the fastest-growing private companies in America for the sixth year in a row. That record of sustained growth over more than half a decade speaks to a company culture that emphasizes outstanding client work while encouraging its employees to thrive.
"It is an honor to be recognized by Inc. for the sixth year in a row," SmartBug CEO Jen Spencer said. "Our consistent growth year over year is a testament to the value that we bring to our clients by helping them to grow revenue through lead generation, increasing brand awareness and building customer loyalty with technology-enabled Intelligent Inbound® marketing strategies."
From its inception in 2008, SmartBug's innovative, 100% remote model was ahead of the curve and has allowed the company to hire highly specialized and experienced marketing talent from across the nation and around the world. Employee growth and development are also top priorities supported by role-based onboarding, an internal mentorship program, clear internal career paths and regular professional development opportunities.
In addition, SmartBug's core values reflect a commitment to fostering an innovative work environment while allowing for the flexibility to spend time with family and make lasting memories. This philosophy has resulted in an impressive list of accolades over the years, including 31 Comparably Awards ranging from Best Company Culture and Best Company Outlook to Best Company Leadership and Best CEOs for Women, in addition to being named HubSpot's 2021 North American Partner of the Year.
The Inc. 5000 list represents a unique look at growth among U.S.-based private companies. According to the publication, the organizations on the list contributed significantly to the economy. Among the top 500, the average median three-year revenue growth rate soared to 2,144%. Together, those companies added more than 68,394 jobs over the past three years.
"The accomplishment of building one of the fastest-growing companies in the U.S. in light of recent economic roadblocks cannot be overstated," Scott Omelianuk, editor in chief of Inc., said. "Inc. is thrilled to honor the companies that have established themselves through innovation, hard work and rising to the challenges of today."
This annual ranking, recognizing companies with the most proven track records, placed SmartBug at No. 2,750 in the nation. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region and other criteria, can be found at https://www.inc.com/inc5000.
SmartBug Media® is a globally recognized Intelligent Inbound® marketing agency assisting B2B businesses, B2C organizations and D2C e-commerce businesses in growing revenue by generating leads, scaling revenue operations and building market awareness through inbound marketing, digital strategy, design, marketing automation, revenue operations, public relations, paid media and web development.
As HubSpot's 2021 North American Partner of the Year, SmartBug® is one of its top-performing, elite global solutions partners as well as an Elite Master partner of Klaviyo.
Founded in 2008 as one of the few fully remote agencies, SmartBug is an innovator and trusted authority on creating life-work harmony for its 180-plus employees spread across 35 states and five countries. The company that implemented quarterly Certification Days to foster continuous learning and career development has won two Great Place to Work® and 31 Comparably awards. It has also been named to the Inc. 5000 Fastest-Growing Private Companies list for six consecutive years and the Adweek Fastest Growing Agencies list three years in a row. With hundreds of awards for client work — and a team holding a combined 1,000-plus marketing certifications — SmartBug is fully dedicated to delivering client success and an unparalleled agency experience. Its services include inbound marketing, digital strategy, design, marketing automation, revenue operations, public relations, paid media and web development. For more information about SmartBug Media, visit smartbugmedia.com.
For SmartBug Media Inquiries, Contact:
Katie Quaranta, PR Manager
SmartBug Media
kquaranta@smartbugmedia.com
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SOURCE SmartBug Media | https://www.mysuncoast.com/prnewswire/2022/08/16/smartbug-media-named-inc-5000-list-sixth-year-row/ | 2022-08-16T13:38:01Z |
OSLO, Norway, June 15, 2022 /PRNewswire/ -- To develop the groundbreaking Keadby 3 Carbon Capture Power Station, UK energy company SSE Thermal and Equinor have selected a consortium of Aker Solutions, Siemens Energy and Doosan Babcock, with Aker Carbon Capture as the carbon capture provider. The consortium has been awarded the FEED contract for the gas-to-power plant equipped with carbon capture technology to be built in the Humber region. Aker Carbon Capture and the consortium have agreed on the essential key terms and expect to sign the formal agreement shortly.
Over the next 12 months, the consortium will deliver together with Aker Carbon Capture a detailed plan for the proposed plant – which would have a generating capacity of up to 910MW - bringing their vast technological expertise to bear on the realization of the decarbonized power station in the Track-1 East Coast Cluster. Keadby 3 Carbon Capture Power Station is set to utilize cutting-edge gas turbine technology from Siemens Energy.
The UK Government has set ambitious targets for the country to become a world leader in carbon capture and storage (CCS) and Keadby 3 Carbon Capture Power Station will play a pivotal role with the ability to capture up to 1.5 MT of CO2 annually, around four times the size of Brevik CCS. A recently released socio-economic report outlined that the plant could deliver £1.2bn for the UK economy, including significant benefits for the local area.
"Our ambition with Keadby 3 is to deliver one of the UK's first power stations equipped with carbon capture and through awarding this contract we continue to build momentum behind that goal. The proposed low-carbon plant at Keadby will not only provide vital flexible power while backing up renewables, it will also play a key role in meeting decarbonization targets. The reality is that multiple power-CCS projects will be needed to reach net zero and we hope to see the UK Government recognize that when it provides an update on Cluster Sequencing this summer." said Catherine Raw, Managing Director at SSE Thermal.
"We are delighted to be an essential part of such an important project with our field-proven carbon capture technology," said Valborg Lundegaard, Chief Executive Officer at Aker Carbon Capture. "We support SSE Thermal's strategy to deliver solutions to provide energy needed today while building a better world of energy for tomorrow. This project helps strengthen British energy security and contributes at the same time to the decarbonization of the industry. This is a giant leap forward for Aker Carbon Capture in terms of further establishing our carbon capture business in the UK."
CONTACT:
Media contact:
Ivar Simensen, mob: +47 464 02 317, email: ivar.simensen@akerhorizons.com
Yannick Vanderveeren, mob: +47 458 36 358, email: yannick.vanderveeren@akercarboncapture.com
Investor contacts:
David Phillips, mob: +44 7710 568279, email: david.phillips@akercarboncapture.com
Christian Yggeseth, mob: +47 915 10 000, email: christian.yggeseth@akerhorizons.com
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SOURCE Aker Carbon Capture AS | https://www.wibw.com/prnewswire/2022/06/15/new-flagship-project-aker-carbon-capture-uk/ | 2022-06-15T22:55:26Z |
The Biden administration has been planning for how to get past the crisis phase of the Covid-19 pandemic and will stop buying vaccines, treatments and tests as early as this fall, White House Covid-19 Response Coordinator Dr. Ashish Jha said on Tuesday.
"One of the things we've spent a lot of time thinking about in the last many months -- and we're going to continue this work, and you'll hear more from the administration on this -- is getting us out of that acute emergency phase where the US government is buying the vaccines, buying the treatments, buying the diagnostic tests," Jha said at an event sponsored by the US Chamber of Commerce Foundation.
"My hope is that in 2023, you're going to see the commercialization of almost all of these products. Some of that is actually going to begin this fall, in the days and weeks ahead. You're going to see commercialization of some of these things," he said.
Availability of those products would transition to the regular health-care system, Jha said, so if you need a vaccine or an antiviral treatment, you'd get it from your doctor or from a hospital.
Updated boosters available next month
In the spring, the Biden administration asked Congress for $10 billion to fund continued pandemic response efforts, but a deal to pass the funding stalled.
Jha said the funding stalemate forced officials to repurpose money from other efforts, like building up supplies of tests and protective equipment for the strategic national stockpile.
Officials plan to use that money to buy updated vaccine booster shots that protect against the BA.4 and BA.5 coronavirus subvariants, which Jha said would be ready in early to mid-September.
"I would like to get to a point where every adult in America who wants a vaccine can get one. I'm hopeful we will be there. We're not quite there yet in terms of how many vaccine doses we've been able to buy," he said.
Jha said the transition to commercialization is complicated. It involves regulatory issues, market dynamic issues and equity issues, but the administration is working carefully and thoughtfully to get it right.
"Right now, everybody can walk into a CVS and get a vaccine. I want to make sure that when we make this transition, we don't end up at a point where nobody can get a vaccine because we didn't get the transition right," he said.
Jha said some of the commercialization would start in the fall, but most would be visible in 2023.
He said it would be important for the government to continue to make investments in the development of the next generation of vaccines and in pandemic preparedness.
"But this business of day-to-day running of a pandemic, that needs to transition, and we're working very hard to make sure that transition is in a very orderly and transparent way so everybody sees it coming," he said.
A bad flu season expected
Jha urged all Americans to get the new boosters once they become available.
He stressed that the fall and winter could be tough in the United States if the flu makes a comeback, as is expected.
"These are substantial upgrades in our vaccines in terms of their ability to prevent infection to prevent transmission," he said. "Those vaccines are coming very, very soon. And so it's going to be really important that people this fall and winter, get the new shot. It's designed for the virus that's out there. And again, based on everything we've seen so far, all the data suggests it should be highly effective against the new variants."
The US has seen little to no flu transmission for the past two years largely because of Covid-19 mitigation measures like masking.
"I expect the fall and winter to look much more like the fall and winter of 2019, with a lot less mitigation," Jha said.
"Under normal non-pandemic times, flu really stretches our health-care system," he said. "Throwing Covid on top of that, our health-care system is going to get into serious trouble unless we are very proactive about preventing it, if we do nothing and just sort of hope for the best."
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TORONTO, Sept. 13, 2022 /PRNewswire/ - Khiron Life Sciences Corp. ("Khiron" or the "Company") (TSXV: KHRN) (OTCQX: KHRNF) (Frankfurt: A2JMZC), a global leader in medical cannabis throughout Europe and Latin America, today announced that received the Best Latin American Cannabis Company award at Benzinga's 2022 Cannabis Capital Conference in Chicago.
"This award recognizes our efforts and achievements as a Latin American Company that radiates throughout our international footprint. Khiron Life Sciences is a first mover in developing a global path for medical cannabis in the region, and we are pursuing this approach worldwide. By providing access to medical cannabis for doctors, pharmacists, insurers, and patients, we have created a true end-to-end solution for the medical cannabis industry", commented Alvaro Torres, CEO and Director of Khiron Life Sciences.
Khiron has developed a proven international access business model with highly profitable medical cannabis sales in Colombia, the United Kingdom, Peru, Brazil, Germany and soon Mexico. The Company has been focused on expanding its first-mover advantage where its health center's physical installed capacity it's around 400,000 consults per year in Colombia and more than 20,000 additional annual consults from the recent launch of Zerenia Clinic in Brazil. By Q2 2022, Khiron had exceeded the milestone of selling its first 100,000 bottles in the Latin American region since beginning sales in 2020, maintaining its high gross margins and pricing structure, with a strong portfolio of THC and CBD medical cannabis products.
Khiron's CEO and Director, Alvaro Torres, will be participating on a panel with industry experts, entitled "International Momentum for Medical Cannabis" taking place on Tuesday, September 13, at 2:55pm CT on the Industry Stage, after announcing the acquisition of Pharmadrug GmbH, an EU-GMP & GDP certified manufacturer and distributor in Germany. Mr. Torres will also be presenting Khiron's corporate presentation on Wednesday, September 14, at 11:50am CT on the Investor Stage.
Khiron is a leading global medical cannabis company with core operations in Latin America and Europe. Leveraging wholly-owned medical health clinics and proprietary telemedicine platforms, Khiron combines a patient-oriented approach, physician education programs, scientific expertise, product innovation, and focus on creating access to drive prescriptions and brand loyalty with patients worldwide. The Company has a sales presence in Colombia, Germany, the United Kingdom, Peru, and Brazil and is positioned to commence sales in Mexico. The Company is led by its co-founder and Chief Executive Officer, Alvaro Torres, together with an experienced and diverse executive team and board of directors.
Visit Khiron online at https://investors.khiron.ca.
Cautionary Statement Regarding Forward-Looking Information
This press release may contain "forward-looking information" within the meaning of applicable securities legislation. All information contained herein that is not historical in nature constitutes forward-looking information. Forward-looking information contained in this news release may include statements pertaining to the expected synergies and benefits to the Company from the acquisition of the Target as well as statements as to business strategy. Forward-looking information and statements contained in this news release reflect management's current beliefs and is based on information currently available and on assumptions that management believes to be reasonable. These assumptions include, but are not limited to, the expected benefits to be realized by Khiron's business as a result of the acquisition of the Target, and assumptions regarding market opportunities in the jurisdictions in which the Company operates and where it seeks to operate.
Although management believes that its expectations and assumptions to be reasonable, forward-looking information is always subject to known and unknown risks, uncertainties and other factors, many of which are beyond the control of management, that may cause actual results to differ materially from those expressed or implied in such forward-looking information. Such risks and uncertainties include but are not limited to the following: general economic conditions, adverse conditions in capital markets, political uncertainties, counterparty risk, failing to obtain required regulatory requirements and approvals, failure to maintain required permits and licences, business integration risks, as well as those other risk factors discussed in Khiron's most recent annual information form which is available on Khiron's SEDAR profile at www.sedar.com.
As a result of the foregoing and other risks and uncertainties, readers are cautioned not to place undue reliance on forward-looking information contained in this press release. Readers are further cautioned that the foregoing risks and uncertainties is not exhaustive, and there may be other risks and uncertainties, presently unknown to management of the Company, that may cause actual results to differ materially from those expressed or implied in forward-looking statements contained in this press release. The forward-looking information contained in this press release is expressly qualified by this cautionary statement. Khiron disclaims any intention to update or revise any forward-looking information disclosed herein, whether as a result of new information, future events or otherwise, except as required by law.
NEITHER THE TSX VENTURE EXCHANGE, NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VEMTIRE EXCHANGE), ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.
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SOURCE Khiron Life Sciences Corp. | https://www.wibw.com/prnewswire/2022/09/13/khiron-life-sciences-awarded-best-latin-american-cannabis-company-benzinga-cannabis-capital-conference/ | 2022-09-13T16:10:25Z |
LAGUNA HILLS, Calif., July 28, 2022 /PRNewswire/ -- Adagio Medical, Inc., a leading innovator in catheter ablation technologies for atrial fibrillation (AF) and ventricular tachycardia (VT), announced the publication of the results of its Cryocure-2 ultra-low temperature cryoablation (ULTC) study in patients with AF in the Journal of American College of Cardiology (JACC), Clinical Electrophysiology.1 The study prospectively enrolled 79 patients at OLV Hospital, Aalst, Belgium, St. Antonius Hospital in Nieuwegein, Netherlands and University of Bordeaux, Bordeaux, France, of which 45 patients had persistent AF (PsAF). The one-year freedom from AF after a single procedure was 82%, with 1.5% procedural complications rate when using ULTC technology. In PsAF patients, freedom from AF was 85%.
"We reported preliminary results of Cryocure-2 at the 2021 Heart Rhythm Society meeting in Boston," said Dr. Tom De Potter, MD, Associate Director, Cardiovascular Center Department of Cardiology, Electrophysiology Section at OLV Hospital, and the first author of the manuscript. "Today's publication reaffirms the interest of the EP community in ULTC technology for the treatment of AF and other cardiac arrhythmias. The 85% freedom from AF in PsAF patients after a single percutaneous procedure is by far the best result reported in such patients, and needs conformation in the larger study, which is currently ongoing."
"Almost all patients with persistent AF in the Cryocure-2 study underwent ablations which combined pulmonary vein isolation with additional lesions, mostly on the posterior wall of the left atrium," added Lucas Boersma, MD, PhD at St. Antonius Hospital Nieuwegein, Netherlands and Professor at Amsterdam UMC. "There is a preponderance of clinical evidence that additional lesions improve effectiveness of the ablation in persistent AF patients, however, creating such lesions using traditional RF and cryoballoon ablation procedures is often too burdensome as a first-line treatment. The unique feature of Adagio's catheter design is how little incremental work those lesions require, adding only 7 minutes to the procedure time at the experienced Cryocure-2 sites. We are now incorporating this approach into routine clinical practice."
Adagio Medical iCLAS™ cryoablation system received CE-mark and is commercial in Europe. The Cryocure-PMCF (NCT # 05416086) open-label post-market clinical follow-up evaluation of iCLAS system is enrolling both paroxysmal and persistent AF patients at several European centers. The safety and effectiveness of the iCLAS system for the treatment of persistent AF is a subject of FDA IDE trial in the US (NCT # 04061603).
"The publication of Cryocure-2 data is seen as a significant step in the validation of Adagio's ULTC technology," said Olav Bergheim, President and CEO of Adagio Medical. "As additional ULTC outcome data becomes available,2 we have high expectations for the results of our ongoing FDA IDE trial. We also believe the iCLAS outcome data will further the recognition of the Adagio technology in both Europe and the US and will contribute to increased penetration of catheter ablation in the large and growing AF patient population, which is an underserved market today."
Adagio Medical, Inc. (www.adagiomedical.com) is a privately held company located in Laguna Hills, California developing innovative cryoablation technologies that create contiguous, transmural lesions to treat cardiac arrhythmias, including paroxysmal and persistent atrial fibrillation, atrial flutter, and ventricular tachycardia. Adagio Medical, Inc. is a Fjord Ventures portfolio company.
- Twitter: @AdagioMedical
- LinkedIn: www.linkedin.com/company/adagio-medical-inc-/
1 De Potter T, Klaver M, Babkin A, Iliodromitis K, et al. Ultra-Low Temperature Cryoablation For Atrial Fibrillation: Primary Outcomes for Efficacy and Safety: The Cryocure-2 Study. J Am Coll Cardiol EP 2022; available online at https://www.sciencedirect.com/science/article/pii/S2405500X22004972
2 Tohoku S, Schmidt B, Bordignon S, Chen S, et al. Initial clinical experience of pulmonary vein isolation using the ultra‐low temperature cryoablation catheter for patients with atrial fibrillation. J Cardiovasc Electrophysiol. 2022;1–9.
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WINDERMERE, Fla., Aug. 8, 2022 /PRNewswire/ -- The Bee2Bee Network Apprenticeships Program is proud to announce The Launch of its New "$30 million Apprenticeship Expansion Endowment Fund" and its signature cryptocurrency, Bee2Bee Coin, (BEE) which will support innovative Corporate Initiatives for its Information Technology based Registered Apprenticeship Program. An alternate "Apprentice Coin" will also be co-branded as an NFT with client and employer partners.
Approved and endorsed by the Florida Department of Education and The U.S. Department of Labor, The Bee2Bee Network Apprenticeships Program is creating and expanding Registered Apprenticeships and Industry Recognized Apprenticeship Programs (IRAP) across high-demand fields including Cyber Security, Information Technology, Telehealth/Healthcare, E-Commerce, Digital Marketing, Real Estate, Retail, Fashion, Entertainment, Tourism and FinTech. Current apprentice participants include students from high schools, colleges, and universities across 67 counties in Florida and 9 states and growing from New College of Florida to iconic HBCUs such as Howard University and Alabama A&M University.
The program is also composed of a national and international consortium of businesses, higher education institutions, local workforce development boards, apprenticeship programs and industry partners which are paving the way for Americans from all backgrounds gain IT and IT related skills to qualify for the myriad of vacant high-earning opportunities in the current US workforce. In a new strategic approach, one of the goals of the Network is to strengthen apprenticeship understanding and build capacity by working closely to support local workforce boards to efficiently facilitate The Workforce Innovation and Opportunity Act (WIOA) which supports related training for apprentices.
The Bee2Bee Network Apprenticeships Endowment Fund and The Bee2Bee Coin will generate a permanent stream of capital to support the national expansion of The Bee2Bee Network Registered Apprenticeships Program. McCoy Federal Credit Union has been selected to manage the new fund which will help employers build a skilled technical workforce while assisting apprentices gain important financial literacy skills. Apprentices earn as they learn new technology skills, certifications, soft skills in addition to the financial opportunity to purchase and/or earn the Bee2Bee Coin cryptocurrency during their apprenticeship which will serve as a tangible and growing investment vehicle for their future. More importantly, the Bee2Bee Coin may also be utilized to purchase goods and services including real estate via the LifeStyles In 360 E-Commerce Virtual Shopping NFT Platform which the Apprentices are working on.
Since 2011, The Bee2Bee Network Internship/Apprenticeship program has independently financed and provided experiential learning opportunities in STEM/STEAM areas such as Software Design, Development and Emerging Technologies. The Bee2Bee Coin is not only a sustainable and green cryptocurrency investment vehicle for social good, but it also aims to incentivize apprenticeships as a viable career option for the positive personal, professional and financial mobility for its apprentices. For example, as a bonus, every Apprentice is given a Bee2Bee Coin, upon the successful completion of the apprenticeship program and are also prepared for an alternate opportunity to start their own entrepreneurial ventures.
According to Joshua Wilkins, veteran, "This has been one of the greatest experiences that I have ever been a part of. The company has really helped me as a veteran coming out of the military to start my own business. I was very thankful to take the courses for Salesforce certification and earn a salary while I obtained on-the-job training and valuable industry certifications."
In addition, to partnering with industry giants such as Salesforce and Google, The Bee2Bee Network Apprenticeships Program also partners with employers to design, develop and facilitate customized apprenticeship programs which will ultimately ensure that apprentices are paid to learn new skills on-the-job while adding immediate improved performance value for employers. This apprenticeship model is mutually sustainable for both employers and apprentices because it does not require either party to make excessive reinvestments in upskilling and updating industry certifications via traditional education models including wasted travel time away from the job for apprentices. The apprenticeship program model is 100% virtual, provides affordable housing options and offers employers the opportunity to find qualified candidates from all backgrounds. More importantly, the program ensures diversity, equity and inclusion within the technology industry and beyond by supporting high school, college and university students, through graduation including youth, veterans, foster youth, justice involved individuals, and traditionally underserved groups such as women, people of color, people with disabilities, LGBTQ+ youth and rural communities by directly addressing local area technology training and employment needs.
"As thought leaders in the software development and IT/emerging technologies apprenticeship space, our business model is based on creating an innovative and a sustainable ecosystem of highly skilled talent, fair access to new and emerging technologies, direct access to key industry employers and sustainable funding opportunities.
Software development and IT touches every single industry, and as a software company, we are building talent first and software second. Today marks a new day for technology-based apprenticeships and we must pivot and embrace what the market is telling us." said Yasmine P. Clarke, CEO. "The Bee2Bee Network Apprenticeships Program is what the market needs right now, and we are laser focused and uniquely qualified to identify and upskill new talent from all backgrounds.
We started this program in Florida back in 2011 with the grassroots support of local companies. Today, we are a state-wide registered apprenticeship program in 67 counties across Florida, and we have recently scaled to 9 different states and growing. At no time in history has the "Pursuit of Happiness" for All been more attainable than today for our apprentices! Our unique Apprentice Program serves to teach, empower and positively transform the lives of our apprentices including their standard of living. said its Founder, Ms. Yasmine Clarke.
According to recent estimates from the U.S. Department of Labor, job openings are currently at an all-time high—11 million—with only 5.5 million available workers as of May 2022. The "Great Resignation" continues with over 4 million workers quitting their jobs. For employers, the challenge is connecting future workers to career opportunities and closing the "training gap" between the skills being taught and those needed by employers.
The expansion of registered apprenticeships can open the doors to individuals who are eager to enter the workforce and provide a way to tap into underutilized human capital. These programs can also bridge the gap between entry level positions that require aptitude, ambition, on-the-job training and a talented workforce who can also earn as they learn.
Registered apprenticeships also have the potential to create greater diversity among a company's workforce and the ability to put workers who have been displaced by changes in the economy at greater job security and increased career opportunities. – (https://www.businessroundtable.org/.)
The current economy and the high number of high-earning unfilled jobs and lack of skilled workers is impacting employers across the nation and especially in Florida. For example, Workforce Region 12 in Orange County, Florida is home to The Bee2Bee Network Apprenticeship Program and technology firms such as Disney, Lockheed Martin, Siemens, Deloitte, KPMG, and Universal. The area is projected to have 24,000 new job openings in the software industry through 2029. Overall, this is a 25.5% growth increase with an expected increase of 31.8% new software development opportunities. These economic conditions provide an excellent opportunity for The Bee2Bee Network Apprenticeship Program which has traditionally utilized the learn and earn model to help employers "build' their next generation of workers.
New College of Florida Howard University Independence University Alabama Agricultural and Mechanical University, Indiana University Bloomington, Middle Tennessee State University (MTSU), Clark University, Full Sail University Valencia College, Rollins College, Borough of Manhattan Community College
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SOURCE The Bee2Bee Network Inc. | https://www.wibw.com/prnewswire/2022/08/08/bee2bee-network-apprenticeships-program-announces-launch-its-new-30-million-apprenticeship-expansion-endowment-fund-amp-new-cryptocurrency-bee2bee-coin-bee/ | 2022-08-08T18:23:37Z |
JOHNS CREEK, Ga., Aug. 16, 2022 /PRNewswire/ -- First Financial Security, Inc. announced today that Ron Wheeler has been appointed as the company's Chief Executive Officer. An expert in the industry, Wheeler has more than 40 years of experience in financial services with many of those years spent in leadership roles.
Former CEO Phil Gerlicher will remain with the company in the role of Chairman, where he will focus his energy on reaching broad, long-term company goals.
Wheeler's relationship to FFS stretches as far back as 2006. He was the first person with whom Gerlicher consulted when considering an acquisition of the company. Since those early years, Wheeler has aided Gerlicher as a confidante and strategic adviser. He officially joined the company in 2019 as Executive Vice President of Products & Distribution, already familiar with FFS operations and distribution strategies.
"Ron has been there for me and the company since day one. He knows First Financial Security inside and out," Gerlicher said. "The company is poised to reach new levels of success and touch more lives than ever before. I am taking this time to focus on broader goals for our firm, and Ron's experience and leadership is exactly what we need to help us meet today's great demand for financial security and peace of mind."
In addition to his extensive work with FFS, Wheeler has served on several national and regional committees, including the National Association of Insurance and Financial Advisors and the Missouri Department of Insurance, Financial Institutions and Professional Registration.
First Financial Security, Inc. (FFS) is a national financial brokerage agency dedicated to bringing all people financial security and peace of mind. With access to the most innovative products from renowned insurance carriers, FFS focuses on providing a full suite of support for a highly diverse sales force, including all the training, marketing, technology, and administrative support necessary to grow thriving businesses of their own and serve their clients in the field. www.FirstFinancialSecurity.com
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SOURCE First Financial Security, Inc | https://www.kxii.com/prnewswire/2022/08/16/ron-wheeler-named-chief-executive-officer-first-financial-security-inc/ | 2022-08-16T15:44:32Z |
2022 ESG report highlights progress delivering low-carbon economy
ATLANTA, Aug. 10, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today released its 15th annual Environmental, Social, and Governance report. The 2022 report highlights the company's progress reducing its environmental impact, creating a culture of inclusion, investing in its people, strengthening governance practices, and helping customers achieve their sustainability goals.
"Norfolk Southern is a customer-centric, operations-driven company, which means helping our customers achieve their supply-chain emissions goals and reducing our own carbon footprint," said Norfolk Southern President and CEO Alan Shaw. "Our report highlights initiatives and technologies that are delivering the low-carbon economy, serving customers, and adding value for all our stakeholders."
In its 2022 report, Norfolk Southern highlights the importance of partnerships in its sustainability strategy – with customers, industry partners, and other stakeholders. Accomplishments this past year included:
- Creating an industry-leading carbon calculator for shippers, empowering companies to make better transportation decisions and reduce carbon emissions from their own supply chains.
- Hosting an inaugural Sustainability Summit in partnership with Sustain SC, welcoming state leaders and more than 30 companies to Brosnan Forest, Norfolk Southern's 14,400-acre ecological preserve in South Carolina.
- Hosting a Chief Mechanical Officers meeting with leaders from every North American Class I railroad to share ideas, insights, and best practices to further improve rail industry efficiencies.
"Norfolk Southern is making strides to advance sustainability for both our customers and our planet, and we know it will take a collaborative effort to reach the environmental goals required to protect our planet for future generations," said Norfolk Southern Chief Sustainability Officer Josh Raglin. "The more companies work together across their supply chain, the quicker we can achieve measurable progress."
Other milestones highlighted in the report include:
- Delivering the low-carbon economy, making a 5% improvement toward its science-based target of 42% reduction in Scope 1 and Scope 2 greenhouse gas emissions intensity by 2034 (since a 2019 base year).
- Applying new technologies, improving locomotive fuel efficiency by 7% from 2019 and enabling Norfolk Southern to move one ton of freight over 460 miles on a single gallon of fuel.
- Strengthening governance practices, appointing an independent Chair to its Board of Directors.
- Investing in its people, creating a $1.2 million scholarship fund to support children of Norfolk Southern railroaders annually.
- Cultivating biodiversity, permanently protecting 1,105 acres of ecologically significant land in South Carolina – adding to nearly 14,000 acres already under protection – while restoring over six miles of streams and 500 acres of wetlands.
- Developing a corporate DEI strategic plan, establishing a team dedicated to operationalizing inclusion, and using nationwide benchmarking to further a diverse, equitable, and inclusive organization.
- Preserving its history, donating complete historical archives from its predecessor companies and $1.25 million to museums in Virginia and Georgia, while creating paid internship opportunities at both museums for underrepresented communities over the next five years.
- Minimizing waste in its supply chain, reclaiming over 1.6 million gallons of used oil and recycling 100% of both used crossties and rail.
- Advancing energy efficiency, increasing its total renewable energy usage in deregulated markets to approximately 26%, or 12% across its entire network.
To access the full 2022 Environmental, Social, and Governance report, visit norfolksouthern.com.
About Norfolk Southern
Since 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Today, it operates a customer-centric and operations-driven freight transportation network. Committed to furthering sustainability, Norfolk Southern helps its customers avoid 15 million tons of yearly carbon emissions by shipping via rail. Its dedicated team members deliver more than 7 million carloads annually, from agriculture to consumer goods, and is the largest rail shipper of auto products and metals in North America. Norfolk Southern also has the most extensive intermodal network in the eastern U.S., serving a majority of the country's population and manufacturing base, with connections to every major container port on the Atlantic coast as well as the Gulf of Mexico and Great Lakes. Learn more by visiting www.NorfolkSouthern.com.
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SOURCE Norfolk Southern Corporation | https://www.kxii.com/prnewswire/2022/08/10/customers-center-norfolk-southern-sustainability-program/ | 2022-08-10T14:52:28Z |
Which soup pot is best?
There’s nothing quite like homemade soup. Whether you want to ward off illness or just simplify meal prep during the fall and winter, a soup pot is the way to simmer and stew your favorites. The best soup pot, the T-fal Nonstick 12-Quart Stockpot, can go from the stove to the oven for maximum use. It also has a nonstick finish and is dishwasher-safe, making cleanup as easy as cooking.
What to know before you buy a soup pot
Size
Soup pots — also known as stockpots — tend to be large, ranging from 4 to 16 quarts or more. A larger pot takes up more storage space, but makes more delicious soup, and can be nested with other cookware. Before buying a soup pot, do make sure you have storage space available.
Material
Consider how much upkeep you want to do, your budget and your cooking skills when determining the right choice for you.
Pots with nonstick coatings are easy to use, and ceramic pots — that is, metal finished in a ceramic coating — are also popular because they’re durable.
Soup pots also can be made of copper, stainless steel or cast iron. These metals heat faster and cook evenly, although they require kitchen skills to use without burning your food. They may also need special cleaning and seasoning between uses.
Features
Some soup pots are part of a larger collection, which can have a number of benefits. Interchangeable lids help keep you from searching for the right top for your soup pot, and a steamer basket that fits in a soup pot is useful. Also, buying complementary pots and pans can help you save space in storage, since many are designed to nest within each other when not in use.
What to look for in a quality soup pot
Ease of use
Soup is a simple dish to prepare and your soup pot should be just as easy to use. Nonstick coatings let you saute vegetables or sear meats to go into your soup. This enhances the flavor without making extra dirty dishes. Other finishes that offer similar benefits include ceramic and cast iron, although these may require seasoning and upkeep between uses.
Ease of cleaning
Look for a soup pot that can be washed with standard dish soap and water, without a lot of scrubbing. A nonstick exterior finish ensures that even drips and spills wipe off easily. Some stockpots are dishwasher-safe, making cleanup fast.
Size
Look for a soup pot that’s large enough for your batches of soup without taking up unnecessary space in your cabinets. An 8-quart or 12-quart soup pot is ideal for home kitchens. To maximize space, consider a soup pot that is part of a cooking line and can be nested with other pots and pans.
How much you can expect to spend on a soup pot
Size and material are the two main factors that influence cost. Budget-friendly soup pots are between $40-$100 and ideal for home cooks. Professional-quality soup pots can cost $250 or more, but are made to last.
Soup pot FAQ
What size soup pot should I buy?
A. Soup pots are available between 4 and 16 quarts. For most household use, a 12-quart soup pot is big enough for batch cooking without taking up too much cabinet space. If you cook for large groups or want to cook large batches to freeze, consider a 20-quart commercial stockpot.
Should I get a lid for a soup pot?
A. Most soup pots come with lids. This lets the soup simmer and cook, resulting in better flavor and tender ingredients. Cooking lines often have lids that can be used for multiple pots, including soup pots. Look for a lid that includes a small hole for steam ventilation to prevent your soup from boiling over.
What’s the best soup pot to buy?
Top soup pot
T-fal Nonstick 12-Quart Stockpot
What you need to know: The perfect size for home kitchens, this is nonstick inside and out for easy cooking and cleaning.
What you’ll love: The glass lid is convenient for checking on your soup as it cooks and includes a ventilation hole that prevents boil-overs and mess. You can put the stockpot right in the dishwasher when you are done cooking.
What you should consider: The nonstick finish means you can’t use metal ladles or spoons when making your soup, since they can scratch or damage the surface.
Where to buy: Sold by Amazon
Top soup pot for the money
Cook N Home 10.5-Quart Nonstick Stockpot With Lid
What you need to know: This budget-friendly stockpot is part of an entire cookware line that has interchangeable lids, stay-cool handles and a nonstick surface.
What you’ll love: This oven-safe, dishwasher-friendly stockpot is as easy to clean as it is to use. It’s perfect for families who want to maximize their time and budgets.
What you should consider: It’s suitable for making soups for family dinner but may not be big enough for batch cooking.
Where to buy: Sold by Amazon
Worth checking out
All-Clad Stainless Steel Tri-Ply Bonded Stockpot
What you need to know: For professional results, this stainless steel stockpot with an aluminum core offers the most even cooking available.
What you’ll love: It heats up fast and the stainless steel will last. The sleek exterior is stylish enough to display on open shelving or a pot rack.
What you should consider: It’s expensive, and it doesn’t have a nonstick finish. Copper-core pots and pans take some know-how to use effectively.
Where to buy: Sold by Amazon
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/kitchen-br/cookware-br/best-soup-pot/ | 2022-05-31T08:03:20Z |
SS&C GlobeOp Hedge Fund Performance Index: March performance 0.97%
Capital Movement Index: April net flows decline 0.38%
WINDSOR, Conn., April 13, 2022 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that the gross return of the SS&C GlobeOp Hedge Fund Performance Index March 2022 measured 0.97%.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 0.38% in April.
"SS&C GlobeOp's Capital Movement Index for April 2022 declined to -0.38% compared to a gain of 0.28% a year ago," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "It should be noted that prior to the outbreak of COVID-19, capital movements for the month of April had historically run negative, so the reading of -0.38% is in line with longer-term averages. It is too soon to tell whether this month's results represent a return to that historical pattern after two years of investors adapting to COVID-19, or if the negative flows reflect market impact from other factors, such as inflation, Federal Reserve policy, and international tensions."
SS&C GlobeOp Hedge Fund Performance Index
The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted, independent monthly window on hedge fund performance. On the ninth business day of each month it provides a flash estimate of the gross aggregate performance of funds for which SS&C GlobeOp provides monthly administration services on the SS&C GlobeOp platform. Interim and final values, both gross and net, are provided in each of the two following months, respectively. Online data can be segmented by gross and net performance, and by time periods. The SS&C GlobeOp Hedge Fund Performance Index is transparent, consistent in data processing, and free from selection or survivorship bias. Its inception date is January 1, 2006.
The SS&C GlobeOp Hedge Fund Performance Index offers a unique reflection of the return on capital invested in funds. It does not overstate exposure to, or the contribution of, any single strategy to aggregate hedge fund performance. Since its inception, the correlation of the SS&C GlobeOp Performance Index to many popular equity market indices has been approximately 25% to 30%. This is substantially lower than the equivalent correlation of other widely followed hedge fund performance indices.
SS&C GlobeOp Capital Movement Index
The SS&C GlobeOp Capital Movement Index represents the monthly net of hedge fund subscriptions and redemptions administered by SS&C GlobeOp on the SS&C GlobeOp platform. This monthly net is divided by the total assets under administration (AuA) for fund administration clients on the SS&C GlobeOp platform.
Cumulatively, the SS&C GlobeOp Capital Movement Index for April 2022 stands at 132.32 points, a decrease of 0.38 points over March 2022. The Index has advanced 2.05 points over the past 12 months. The next publication date is May 12th, 2022.
Published on the ninth business day of each month, the SS&C GlobeOp Capital Movement Index presents a timely and accurate view of investments in hedge funds on the SS&C GlobeOp administration platform. Data is based on actual subscriptions and redemptions independently calculated and confirmed from real capital movements, and published only a few business days after they occur. Following the month of its release, the Index may be updated for capital movements that occurred after the fifth business day.
SS&C GlobeOp Hedge Fund Performance Index
SS&C GlobeOp Capital Movement Index
SS&C GlobeOp Forward Redemption Indicator
About the SS&C GlobeOp Hedge Fund Index®
The SS&C GlobeOp Hedge Fund Index (the Index) is a family of indices published by SS&C GlobeOp. A unique set of indices by a hedge fund administrator, it offers clients, investors and the overall market a welcome transparency on liquidity, investor sentiment and performance. The Index is based on a significant platform of diverse and representative assets.
The SS&C GlobeOp Hedge Fund Index is available at www.sscglobeopindex.com or through a link on the homepage of www.sscglobeop.com. Alert and RSS subscriber options are available at www.sscglobeop.com. Index Twitter comments: #HFindex.
The SS&C GlobeOp Capital Movement Index and the SS&C GlobeOp Forward Redemption Indicator provide monthly reports based on actual and anticipated capital movement data independently collected from all hedge fund clients for whom SS&C GlobeOp provides administration services on the SS&C GlobeOp platform.
The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted benchmark of the aggregate performance of funds for which SS&C GlobeOp provides monthly administration services on the SS&C GlobeOp platform. Flash estimate, interim and final values are provided, in each of three months respectively, following each business month-end.
While individual fund data is anonymized by aggregation, the SS&C GlobeOp Hedge Fund Index data will be based on the same reconciled fund data that SS&C GlobeOp uses to produce fund net asset values (NAV). Funds acquired through the acquisition of Citi Alternative Investor Services are integrated into the index suite starting with the January 2017 reporting periods. SS&C GlobeOp's total assets under administration on the SS&C GlobeOp platform represent approximately 10% of the estimated assets currently invested in the hedge fund sector. The investment strategies of the funds in the indices span a representative industry sample. Data for middle and back office clients who are not fund administration clients is not included in the Index, but is included in the Company's results announcement figures.
About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.
SOURCE: GlobeOp SS&C
Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
Follow SS&C on Twitter, LinkedIn and Facebook.
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SOURCE GlobeOp SS&C | https://www.kxii.com/prnewswire/2022/04/13/ssampc-globeop-hedge-fund-performance-index-capital-movement-index/ | 2022-04-13T09:22:50Z |
-- Revenue within and Gross Margin above Guidance
-- Mid-to-Late Stage Project Pipeline of 2GW and Storage Pipeline of 1GWh
-- Strong Financial Position of $233 million Cash and Cash Equivalents[1]
STAMFORD, Conn., June 7, 2022 /PRNewswire/ -- ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced its unaudited financial results for the first quarter ended March 31, 2022. ReneSola Power's first quarter 2022 financial results and management commentary can be found by accessing the Company's shareholder letter on the quarterly results page of the Investor Relations section of ReneSola Power's website at: http://ir.renesolapower.com.
ReneSola Power will hold a conference call today to discuss results.
Conference Call Details
ReneSola Power will hold a conference call today, June 7, 2022 at 5:00 p.m. U.S. Eastern Time (5:00 a.m. China Standard Time on Wednesday, June 8, 2022) to discuss financial results.
Please register in advance to join the conference call using the link provided below and dial in 10 minutes before the call is scheduled to begin. Conference call access information will be provided upon registration.
Participant Online Registration: http://apac.directeventreg.com/registration/event/7779910
A replay of the conference call may be accessed by phone at the following numbers until June 15, 2022. To access the replay, please reference the conference ID 7779910.
A webcast of the conference call will be available on the ReneSola Power website at http://ir.renesolapower.com.
About ReneSola Power
ReneSola Power (NYSE: SOL) is a leading global solar project developer and operator. The Company focuses on solar power project development, construction management and project financing services. With local professional teams in more than 10 countries around the world, the business is spread across a number of regions where the solar power project markets are growing rapidly and can sustain that growth due to improved clarity around government policies. The Company's strategy is to pursue high-margin project development opportunities in these profitable and growing markets; specifically, in the U.S. and Europe, where the Company has a market-leading position in several geographies, including Poland, Hungary, Minnesota and New York. For more information, please visit www.renesolapower.com.
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SOURCE ReneSola Ltd. | https://www.wibw.com/prnewswire/2022/06/07/renesola-power-announces-first-quarter-2022-financial-results/ | 2022-06-07T20:14:43Z |
NEW YORK, Sept. 5, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Outset Medical, Inc. (NASDAQ: OM) between September 15, 2020 and June 13, 2022, both dates inclusive (the "Class Period"), of the important September 6, 2022 lead plaintiff deadline.
SO WHAT: If you purchased Outset Medical securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Outset Medical class action, go to https://rosenlegal.com/submit-form/?case_id=6976 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 6, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) defendants had "continuously made improvements and updates to Tablo over time since its original clearance" that required an additional 510(k) application; (2) as a result, Outset Medical could not conduct a human factors study on a cleared device in accordance with FDA protocols; (3) Outset Medical's inability to conduct the human factors study subjected Outset Medical to the likelihood of the FDA imposing a "shipment hold" and marketing suspension, leaving the Company unable to sell Tablo for home use; and (4) as a result, defendants' positive statements about Outset Medical's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Outset Medical class action, go to https://rosenlegal.com/submit-form/?case_id=6976 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A. | https://www.mysuncoast.com/prnewswire/2022/09/05/om-deadline-tomorrow-rosen-recognized-investor-counsel-encourages-outset-medical-inc-investors-with-losses-secure-counsel-before-important-september-6-deadline-securities-class-action-om/ | 2022-09-05T17:10:53Z |
HOUSTON, May 2, 2022 /PRNewswire/ -- Coterra Energy Inc. (NYSE: CTRA) ("Coterra" or the "Company") today reported first-quarter 2022 financial and operating results. On October 1, 2021, Coterra announced that the merger involving the Company, which was formerly named Cabot Oil & Gas Corporation ("Cabot"), and Cimarex Energy Co. ("Cimarex"), was completed (the "Merger"). Referenced results for the three months ended March 31, 2021 reflect only legacy Cabot. Referenced results for the three months ended March 31, 2022 reflect the combined Company.
Thomas E. Jorden, Chief Executive Officer and President, commented, "The combination of solid execution in our program and robust commodity prices resulted in an outstanding quarter for the company. We are pleased to deliver another meaningful dividend to our owners in addition to executing on the first phase of our share repurchase program. With strong cash flow generation, superb asset performance, and balanced commodity exposure, Coterra is fulfilling the promise that led to our formation."
First-Quarter 2022 Highlights
- Net income for first-quarter 2022 totaled $608 million, or $0.75 per share; adjusted net income (non-GAAP) for first-quarter 2022, excluding non-recurring items, was $818 million, or $1.01 per share.
- Generated cash flow from operating activities of $1,322 million.
- Discretionary cash flow totaled $1,232 million (non-GAAP).
- Generated free cash flow of $961 million (non-GAAP).
- Total equivalent production of 630 MBoepd, at the high-end of guidance.
Shareholder Return Highlights
- Total quarterly shareholder return equal to $0.83 per share, including $0.60 per share quarterly dividend (payable in May) and $0.23 per share of buybacks (executed in first quarter). The total return equals 50 percent of first-quarter 2022 cash flow from operating activities and 69 percent of free cash flow (non-GAAP).
- On May 2, 2022, Coterra's Board of Directors (the "Board") approved a total quarterly dividend equal to $0.60 per share ($0.15 base, $0.45 variable), and will be paid on May 25, 2022 to holders of record on May 13, 2022.
- Executed on $1.25 billion share repurchase program, repurchased 7.6 million shares at a total cost of $184 million, all of which settled during first-quarter 2022. The average repurchase price during the quarter was $24.16 per share.
Activity Outlook
- Maintaining full-year 2022 capital investment guidance of $1,400 to $1,500 million, which is less than 30 percent of projected cash flow from operating activities at recent strip prices.
- Maintaining full-year 2022 production and cost guidance.
Thomas E. Jorden, commented, "Coterra is positioned to deliver on its 2022 plan. We remain focused on capital discipline, execution, and maximizing return on capital. Adhering to that disciplined approach, we are reiterating our full-year 2022 capital and production guidance. At the recent commodity strip, the Company's full-year 2022 free cash flow is estimated to approach $4.5 billion."
Jorden added, "We also remain focused on shareholder returns. Based on results during the quarter, we returned 69 percent of our first-quarter free cash flow, which includes 50 percent in the form of cash dividends and 19 percent in the form of share buybacks. We remain committed to returning 50 percent plus of free cash flow via base plus variable dividends, supplemented by share buybacks and potential future debt reduction."
See "Supplemental non-GAAP Financial Measures" below for descriptions of the above non-GAAP measures as well as reconciliations of these measures to the associated GAAP measures.
First-Quarter 2022 Summary
First-quarter 2022 total equivalent production averaged 630 thousand barrels of oil equivalent per day (MBoepd), at the high-end of guidance. Oil production averaged 83.1 thousand barrels per day (MBopd), exceeding the high-end of guidance, and natural gas production averaged 2,850 million cubic feet per day (MMcfpd), at the high-end of guidance.
Coterra's average realized prices for oil, natural gas and natural gas liquids (NGLs) for first-quarter 2022, excluding the effect of commodity derivatives, were $93.45 per barrel (Bbl), $4.33 per thousand cubic feet (Mcf), and $37.87 per Bbl, respectively. Including the effect of commodity derivatives, average realized prices for oil and natural gas for first-quarter 2022 were $76.15 per Bbl and $4.17 per Mcf, respectively.
Generated Strong Cash Flow
For first-quarter 2022, Coterra reported cash flow from operating activities of $1,322 million. First-quarter 2022 discretionary cash flow (non-GAAP) was $1,232 million and free cash flow (non-GAAP) totaled $961 million, both of which are inclusive of merger-related costs.
Coterra incurred a total of $326 million of capital expenditures in first-quarter 2022, including $314 million of drilling and completion capital.
Strong Financial Position
Coterra maintains a strong financial position with investment-grade credit ratings and substantial liquidity. As of March 31, 2022, Coterra had total long-term debt of $3.1 billion with a principal amount of $2.9 billion, and no substantial maturities until 2024. The Company exited the quarter with a cash balance of $1.4 billion and no debt outstanding under its revolving credit facility. Coterra's net debt to EBITDAX ratio (non-GAAP) at March 31, 2022 was 0.50x. The Company's net debt to combined EBITDAX ratio (non-GAAP) was 0.41x at March 31, 2022.
Outlook
Coterra is currently running six rigs and two completion crews in the Permian Basin. The Company is currently running three rigs in the Marcellus and plans to run one to two completion crews in second-quarter 2022. Coterra is currently running two rigs and one completion crew in the Anadarko Basin, and expects to release one drilling rig and its completion crew in June 2022. Coterra is maintaining its previously announced 2022 capital expenditure guidance of $1,400 to $1,500 million, supported by the Company's procurement of key materials and services in 2022.
Production volumes in second-quarter 2022 are expected to average between 605 and 625 MBoepd, with oil volumes estimated to average between 82.0 and 84.0 MBopd. Natural gas volumes in the second quarter are projected to average between 2,725 and 2,775 MMcfpd.
Delivering Returns to Shareholders
Based on first-quarter 2022 free cash flow (non-GAAP), Coterra's Board today declared a quarterly base plus variable dividend of $0.60 per share. The base plus variable dividend reflects a $0.15 per share base component and a variable component of $0.45 per share, on the Company's common stock. The combined base plus variable dividend represents 36 percent of cash flow from operating activities in first-quarter 2022, or 50 percent of free cash flow (non-GAAP). The combined base and variable dividend is payable on May 25, 2022, to shareholders of record as of the close of business on May 13, 2022.
Following the Company's announcement of its $1.25 billion share repurchase program in late February, Coterra repurchased 7.6 million shares through March 31, 2022 at a total cost of $184 million, an additional 14 percent return of first-quarter 2022 cash flow from operating activities, or 19 percent of free cash flow (non-GAAP). The average repurchase price in first-quarter 2022 was $24.16 per share. Coterra entered second-quarter 2022 with an outstanding share repurchase authorization of $1,066 million, or approximately five percent of the Company's current market capitalization. The Company entered the second quarter with a Rule 10b5-1 plan in place, and will provide details of share repurchase activity in the quarter with its second-quarter 2022 financial and operating results.
The timing and volume of share repurchases under this authorization will be determined by management, at its discretion. Management expects its share repurchase program to be driven by relative and intrinsic value opportunities. The share repurchase program is supplemental to the Company's base plus variable dividend strategy.
Committed to Sustainability and ESG Leadership
Coterra believes that environmental, social and governance (ESG) performance and strong corporate governance practices are foundational to its success. In adopting its first executive compensation program post-Merger, Coterra focused on aligning the program with governance best practices, including the addition of ESG goals in its short-term incentive plan metrics. Coterra included three ESG metrics in its 2022 short-term incentive targets, which make up 15 percent of its total short-term incentive potential. The 2022 targets include:
- Methane emissions intensity between 0.033 and 0.038 percent in 2022, versus 0.038 percent in 2021,
- Greenhouse gas emissions intensity between 5.20 and 5.94 metric tons CO2e per MBoe in 2022, versus 5.84 metric tons CO2e per MBoe in 2021, and
- Total company flare intensity between 0.118 and 0.131 percent in 2022, compared to 0.141 percent in 2021.
The 2021 results noted above are preliminary figures. Additional information regarding Coterra's 2022 targets and current environmental initiatives is available in the Company's most recent presentation, which can be accessed on the "Events & Presentations" page under the "Investors" section of the Company's website at www.coterra.com.
First-Quarter 2022 Conference Call
Coterra will host a conference call tomorrow, Tuesday, May 3, 2022, at 9:00 AM CT (10:00 AM ET), to discuss first-quarter 2022 financial and operating results.
Conference Call Information
Date: Tuesday, May 3, 2022
Time: 10:00 AM ET / 9:00 AM CT
Dial-in (for callers in the U.S. and Canada): (888) 550-5424
Int'l dial-in: (646) 960-0819
Conference ID: 3813676
The live audio webcast and related earnings presentation can be accessed on the "Events & Presentations" page under the "Investors" section of the Company's website at www.coterra.com. The webcast will be archived and available at the same location after the conclusion of the live event.
About Coterra Energy
Coterra is a premier exploration and production company based in Houston, Texas with focused operations in the Permian Basin, Marcellus Shale and Anadarko Basin. We strive to be a leading producer, delivering returns with a commitment to sustainability leadership. Learn more about us at www.coterra.com.
Cautionary Statement Regarding Forward-Looking Information
This press release contains certain forward-looking statements within the meaning of federal securities laws. Forward-looking statements are not statements of historical fact and reflect Coterra's current views about future events. Such forward-looking statements include, but are not limited to, statements about returns to shareholders, enhanced shareholder value, future financial and operating performance and goals and commitment to sustainability and ESG leadership, strategic pursuits and goals and other statements that are not historical facts contained in this press release. The words "expect," "project," "estimate," "believe," "anticipate," "intend," "budget," "plan," "predict," "potential," "possible," "may," "should," "could," "would," "will," "strategy," "outlook" and similar expressions are also intended to identify forward-looking statements. We can provide no assurance that the forward-looking statements contained in this press release will occur as projected and actual results may differ materially from those projected. Forward-looking statements are based on current expectations, estimates and assumptions that involve a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, without limitation, the risk that the recently combined businesses will not integrate successfully; the risk that the cost savings and any other synergies may not be fully realized or may take longer to realize than expected; the volatility in commodity prices for crude oil and natural gas; the effect of future regulatory or legislative actions, including the risk of new restrictions with respect to well spacing, hydraulic fracturing, natural gas flaring, seismicity, produced water disposal, or other oil and natural gas development activities; disruption from the transaction making it more difficult to maintain relationships with customers, employees or suppliers; the diversion of management time on integration-related issues; the continuing effects of the COVID-19 pandemic and the impact thereof on Coterra's business, financial condition and results of operations; actions by, or disputes among or between, the Organization of Petroleum Exporting Countries and other producer countries; market factors; market prices (including geographic basis differentials) of oil and natural gas; impacts of inflation; labor shortages and economic disruption (including as a result of the coronavirus pandemic or geopolitical disruptions such as the war in Ukraine); the presence or recoverability of estimated reserves; the ability to replace reserves; environmental risks; drilling and operating risks; exploration and development risks; competition; the ability of management to execute its plans to meet its goals; and other risks inherent in Coterra's businesses. In addition, the declaration and payment of any future dividends, whether regular base quarterly dividends, variable dividends or special dividends, will depend on Coterra's financial results, cash requirements, future prospects and other factors deemed relevant by Coterra's Board. While the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. For additional information about other factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to Coterra's annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and other filings with the SEC, which are available on Coterra's website at www.coterra.com.
Forward-looking statements are based on the estimates and opinions of management at the time the statements are made. Except to the extent required by applicable law, Coterra does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.
Operational Data
The tables below provide a summary of production volumes, price realizations and operational activity by region and units costs for the Company for the periods indicated:
Derivatives Information
The table below summarizes the Company's outstanding derivative contracts as of May 2, 2022.
As of March 31, 2022, the Company had the following outstanding financial commodity derivatives:
In early second-quarter 2022, the Company entered into the following outstanding financial commodity derivatives:
Supplemental Non-GAAP Financial Measures (Unaudited)
We report our financial results in accordance with accounting principles generally accepted in the United States (GAAP). However, we believe certain non-GAAP performance measures may provide financial statement users with additional meaningful comparisons between current results and results of prior periods. In addition, we believe these measures are used by analysts and others in the valuation, rating and investment recommendations of companies within the oil and natural gas exploration and production industry. See the reconciliations below that compare GAAP financial measures to non-GAAP financial measures for the periods indicated.
We have also included herein certain forward-looking non-GAAP financial measures. Due to the forward-looking nature of these non-GAAP financial measures, we cannot reliably predict certain of the necessary components of the most directly comparable forward-looking GAAP measures, such as future impairments and future changes in capital. Accordingly, we are unable to present a quantitative reconciliation of such forward-looking non-GAAP financial measures to their most directly comparable forward-looking GAAP financial measures. Reconciling items in future periods could be significant.
Reconciliation of Net Income to Adjusted Net Income and Adjusted Earnings Per Share
Adjusted Net Income and Adjusted Earnings per Share are presented based on our management's belief that these non-GAAP measures enable a user of financial information to understand the impact of identified adjustments on reported results. Adjusted Net Income is defined as net income plus gain and loss on sale of assets, non-cash gain and loss on derivative instruments, stock-based compensation expense, severance expense, merger-related expenses and tax effect on selected items. Adjusted Earnings per Share is defined as Adjusted Net Income divided by weighted-average common shares outstanding. Additionally, we believe these measures provide beneficial comparisons to similarly adjusted measurements of prior periods and use these measures for that purpose. Adjusted Net Income and Adjusted Earnings per Share are not measures of financial performance under GAAP and should not be considered as alternatives to net income and earnings per share, as defined by GAAP.
Reconciliation of Discretionary Cash Flow and Free Cash Flow
Discretionary Cash Flow is defined as cash flow from operating activities excluding changes in assets and liabilities. Discretionary Cash Flow is widely accepted as a financial indicator of an oil and gas company's ability to generate available cash to internally fund exploration and development activities, return capital to shareholders through dividends and share repurchases, and service debt and is used by our management for that purpose. Discretionary Cash Flow is presented based on our management's belief that this non-GAAP measure is useful information to investors when comparing our cash flows with the cash flows of other companies that use the full cost method of accounting for oil and gas producing activities or have different financing and capital structures or tax rates. Discretionary Cash Flow is not a measure of financial performance under GAAP and should not be considered as an alternative to cash flows from operating activities or net income, as defined by GAAP, or as a measure of liquidity.
Free Cash Flow is defined as Discretionary Cash Flow less cash paid for capital expenditures. Free Cash Flow is an indicator of a company's ability to generate cash flow after spending the money required to maintain or expand its asset base, and is used by our management for that purpose. Free Cash Flow is presented based on our management's belief that this non-GAAP measure is useful information to investors when comparing our cash flows with the cash flows of other companies. Free Cash Flow is not a measure of financial performance under GAAP and should not be considered as an alternative to cash flow from operating activities or net income, as defined by GAAP, or as a measure of liquidity.
Reconciliation of EBITDAX
EBITDAX is defined as net income plus interest expense, other expense, income tax expense and benefit, depreciation, depletion, and amortization (including impairments), exploration expense, gain and loss on sale of assets, non-cash gain and loss on derivative instruments, stock-based compensation expense and merger-related expense. EBITDAX is presented on our management's belief that this non-GAAP measure is useful information to investors when evaluating our ability to internally fund exploration and development activities and to service or incur debt without regard to financial or capital structure. Our management uses EBITDAX for that purpose. EBITDAX is not a measure of financial performance under GAAP and should not be considered as an alternative to cash flows from operating activities or net income, as defined by GAAP, or as a measure of liquidity.
The Combined EBITDAX calculation below is reflective of legacy Cabot and Cimarex EBITDAX from April 1, 2021 through September 30, 2021, plus Coterra EBITDAX from September 30, 2021 through March 31, 2022. Legacy Cimarex operated under the full cost accounting method, unlike legacy Cabot, now Coterra, which operates under the successful efforts accounting method. This difference in accounting methodologies leads to differences in the calculation of company financials and the figures below should not be relied on to predict future performance of the combined business, which operates under the successful efforts accounting method.
Reconciliation of Net Debt
The total debt to total capitalization ratio is calculated by dividing total debt by the sum of total debt and total stockholders' equity. This ratio is a measurement which is presented in our annual and interim filings and our management believes this ratio is useful to investors in assessing our leverage. Net Debt is calculated by subtracting cash and cash equivalents from total debt. The Net Debt to Adjusted Capitalization ratio is calculated by dividing Net Debt by the sum of Net Debt and total stockholders' equity. Net Debt and the Net Debt to Adjusted Capitalization ratio are non-GAAP measures which our management believes are also useful to investors when assessing our leverage since we have the ability to and may decide to use a portion of our cash and cash equivalents to retire debt. Our management uses these measures for that purpose. Additionally, as our planned expenditures are not expected to result in additional debt, our management believes it is appropriate to apply cash and cash equivalents to reduce debt in calculating the Net Debt to Adjusted Capitalization ratio.
Reconciliation of Net Debt to EBITDAX
Net debt to EBITDAX is defined as net debt divided by trailing twelve month EBITDAX. Net debt to EBITDAX is a non-GAAP measure which our management believes is useful to investors when assessing our credit position and leverage.
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SOURCE Coterra Energy Inc. | https://www.wibw.com/prnewswire/2022/05/02/coterra-energy-reports-first-quarter-2022-results-announces-quarterly-dividend-provides-update-share-repurchase-program/ | 2022-05-02T22:33:07Z |
Nuclear Regulatory Commission confirms Unit 3 meets strict nuclear safety and quality standards
WAYNESBORO, Ga., Aug. 4, 2022 /PRNewswire/ -- Bechtel today congratulated Georgia Power, Southern Nuclear, and thousands of workers at the Vogtle project on the receipt of a historic regulatory finding from the Nuclear Regulatory Commission (NRC). Unit 3, in Waynesboro, Georgia, is the first of only two new nuclear units currently under construction in the United States.
This finding, known as a 103(g) finding under the nuclear licensing process, signifies that Vogtle Unit 3 has been constructed and will be operated in conformance with NRC regulations and Southern Nuclear's Combined License – helping ensure the unit meets strict nuclear safety and quality standards. No further NRC findings are necessary in order for Southern Nuclear to load fuel or begin the startup sequence for the new unit.
"Our congratulations go out to Georgia Power, Southern Nuclear, and the thousands of men and women who have worked to make this extraordinary milestone a reality," said Bechtel Project Director John Atwell. "The dedication and commitment of our construction team including all of our craft professionals is extraordinary. I am extremely proud to be part of a team that continues to make nuclear power history and continues to deliver a safe and quality plant to the community."
On July 29, Southern Nuclear submitted documentation that Unit 3 satisfied 398 required inspections, tests, analyses, and acceptance criteria (ITAACs). The NRC conducted a thorough review process of each submission and targeted inspections of the facility before issuing the 103(g) finding. As required by the NRC, each ITAAC had to be verified before fuel load and operations.
Final preparations for Unit 3 fuel load, system transitions to operations, and bringing the unit online are now taking place. Meanwhile, construction on Unit 4 is currently 96 percent complete.
Once operating, the two new units at Plant Vogtle will be able to power more than 500,000 homes and businesses.
Bechtel has completed more than 74,000 megawatts of new nuclear generation capacity and has performed engineering and/or construction services on more than 80 percent of nuclear plants in the United States and 150 plants worldwide. Today, the company leads efforts in designing and constructing advanced nuclear plants, key to global efforts on the path to net zero carbon emissions.
Since 2017, Bechtel has been responsible for completing construction of Vogtle Units 3 and 4 under the management of Southern Nuclear, the Southern Company subsidiary that operates the existing two units at Plant Vogtle. Vogtle Units 3 and 4 are the first Westinghouse AP1000 units to be built in the U.S.
- Georgia Power news release
- Follow the progress being made at the site of the nation's first new nuclear units in more than 30 years through the Plant Vogtle 3 & 4 Online Photo Gallery and Georgia Power's YouTube channel.
Bechtel is a trusted engineering, construction and project management partner to industry and government. Differentiated by the quality of our people and our relentless drive to deliver the most successful outcomes, we align our capabilities to our customers' objectives to create a lasting positive impact. Since 1898, we have helped customers complete more than 25,000 projects in 160 countries on all seven continents that have created jobs, grown economies, improved the resiliency of the world's infrastructure, increased access to energy, resources, and vital services, and made the world a safer, cleaner place.
Bechtel serves the Energy; Infrastructure; Manufacturing & Technology, Mining & Metals; and Nuclear, Security & Environmental markets. Our services span from initial planning and investment, through start-up and operations. www.bechtel.com
Amanda Meixel
T : +1-706-437-2901
C : +1-706-360-5526
Email: ammeixel@bechtel.com
Fred deSousa
T : +1-703-429-6435
C : +1-571-364-5733
Email: tfdesous@bechtel.com
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SOURCE Bechtel | https://www.mysuncoast.com/prnewswire/2022/08/04/bechtel-salutes-georgia-power-southern-nuclear-regulatory-approval-milestone-that-enables-vogtle-unit-3-fuel-load/ | 2022-08-04T19:31:12Z |
In a competitive market for multifamily properties, Lev moved quickly to secure the best financing in the market, enabling a seamless transaction
NEW YORK, June 8, 2022 /PRNewswire/ -- Lev, the commercial real estate (CRE) financing platform, today announced the closing of a bridge refinance loan for a 289,000 square foot multifamily property in Houston, TX. The loan is structured as a floating rate, three-year, interest-only debt package. The Property, purchased in December 2020 by Claridge Properties, based in Los Angeles, is encumbered by a Land Use Restrictive Agreement (LURA), which restricts leasing to families who meet certain income requirements. With Lev's vast experience and hands-on approach, the deal closed quickly at attractive terms for the Borrower.
The multifamily apartment complex made up of 292 units was purchased by Ricardo C. Pagan, Founder and CEO of Claridge Properties–one of the most reputable development companies in the real estate industry. Lev secured funding that recouped nearly all of the Borrower's cost basis based on the strength of the projected market, rent growth, the Borrower's hands-on managerial approach, and Lev's strong lender relationships.
According to Pagan, "Working with Lev was professional, fast and straightforward. I couldn't have asked for a better outcome."
"Each time we close a deal that achieves our sponsor's goals, I'm extremely proud," said Yaakov Zar, CEO and founder of Lev. "We've built Lev to do just that–make transactions fast and seamless, even when there are unexpected barriers. Our expertise combined with our technology made this a quick and painless close."
Using its vast network of 5,000+ commercial real estate lenders, Lev provides borrowers with leverage in the market as it combines proprietary AI technology and deep industry expertise to bring speed and transparency to CRE financing. Working with Lev's Justin Piasecki, Richard Sutton and Max Lipner, this most recent deal closed in a high-growth market.
Located in Houston, TX, the multifamily property has undergone substantial renovations and cosmetic upgrades since its purchase, including significant updates to the interior and exterior. Based on the LURA, the Property is projected to yield 28% upside in rental rates over the next two years.
Claridge Properties was founded in 1999 by real estate investor and developer Ricardo C. Pagan. Through his leadership, Claridge has developed everything from a four-acre site on the Greenpoint Brooklyn waterfront, to other major market-leading transformative projects in cities such as Detroit and its home base of Los Angeles. With a national portfolio of over four million square feet and thousands of units under management, Claridge has always provided value in the form of robust amenities, safer communities and impact to the residents and communities we serve. For more information, visit claridgeproperty.com.
Lev is the digital commercial real estate financing platform offering fast, transparent access to capital from the world's leading financial institutions. Having closed $1 billion in CRE mortgages in 2021, Lev has grown 10x year-over-year thanks to its proprietary approach to CRE financing, including the industry's only API. Founded in 2019, Lev has raised over $200 million in funding from Parker89, Cross River Digital Ventures, NFX, StepStone Group, Canaan Partners, JLL Spark, Animo Ventures and Ludlow Ventures, among others. For more information, visit levcapital.com.
Media Contact:
lev@haymaker.co
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SOURCE Lev | https://www.mysuncoast.com/prnewswire/2022/06/08/lev-brokers-secure-117-million-bridge-refinance-deal-houston-multifamily-apartment-complex/ | 2022-06-08T13:48:54Z |
DUBAI, UAE, April 11, 2022 /PRNewswire/ -- On April 11th, AEX Global announced the launch of Dual investment. In the first issue, AEX will launch BTC / USDT and ETH / USDT financial products simultaneously, and there will be a total of 18000 USDT airdrop, which can be divided up by users that participate in dual investment during the period from April 12 to April 17.
From April 12th to April 17rd, users can get airdrop if they participate in AEX dual investment for any amount. The value of the prize pool is 11000usdt, which is divided according to the ranking of users' investment proportion. The activity has a lucky prize, with a total prize pool of 7000usdt. Users who have a chance to win the prize once a day for 50USDT worth of GAT.
Dual Investment is a short-term fluctuated yield finance product. Users subscribe to a product (such as BTC) through cryptocurrency. After expiration, your return will be denominated in one of the two (such as BTC or USDT).
On AEX, dual investment has two types: Up-and-Exercised and Down-and-Exercised. Upon subscription, you can select investment type, subscription share, strike price, and settlement date., and obtain the corresponding financial products. The linked price is a benchmark price, which is used to compare with the settlement price when the product is due to determine whether to exercise and the final settlement crypto.
The biggest advantage of dual investment is that it can obtain the income of token / USDT regardless of the ups and downs of the market. For strict holders, this type of financial management is a great opportunity to earn more tokens, and even if the prediction is wrong, it will get the corresponding USDT as compensation. The biggest advantage of dual investment is to go through bull and bear without fear of rise and fall. Ignoring the fluctuation of short-term crypto prices is more suitable for top mainstream crypto collectors to participate.
No matter what crypto is obtained by exercising or returned with, the agreed rate of return is constant. The minimum investment amount of AEX dual investment is 0.1BTC and 1ETH. The other advantages include:
- High return rate: compared with other financial products, the return rate is higher.
- Transparent rules:The rules of this investment are completely transparent. The level of return depends on the judgment of the market.
- Stable income: a fixed rate of profits can be realized regardless of the ups and downs of the market.
- Flexible settlement date: users can allocate it flexibly.
- Fast arrival: delivery on the same day and arrival on the same day.
AEX dual investment is a structured crypto earning product composed of spot and option combination, and the settlement crypto is determined according to the "linked price". The interest generated by crypto is usually deposit BTC and get BTC, while the BTC of dual crypto investment deposit may be settled as USDT, which is the core difference of the product model. AEX's BTC / USDT and eth / USDT financial products have multi linked prices and different investment days for users to choose freely.
Beware, dual Investment is a non-principal guaranteed product, whose main risk comes from fluctuation in the market price. In such a case, users cannot predict the market price of BTC/ETH or the difference between the current price and linked price when the investment expired, so which kind of the settlement crypto cannot be predicted either. Therefore, dual investment has not only controllable risk, higher yield, but also certain requirements for professionalism.
At the current stage, AEX dual investment not only has an extremely high yield, but also comes with multiple investment activities that allows infinite imagination. In the future, AEX will launch more diversified financial products to meet the investment needs of users.
Get Airdrop>>
Web Portal: Home - Finance - AEX Earn - Dual Investment. Follow the link: Dual Investment
APP Portal: Home - Finance. Follow the link: Dual Investment
About AEX:
AEX is a crypto exchange established in 2013, the goal is to provide safe, complete, simple diversified crypto finance services for billions of users.The closer you look, the further you see. Its business covers fiat, crypto, financial management, lending, mining and other fields. Financial products include fixed saving, flexible saving, defi pool, staking, dual investment etc. The number of supported cyptos and yield are both in the forefront of the industry. Multiple financial scenarios provide users with richer channels to earn crypto.
AEX: https://www.aex.com/page/h5/m_regist.html#/newByInvite?from=q0c909
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SOURCE AEX exchange | https://www.kxii.com/prnewswire/2022/04/11/aex-launched-dual-investment-more-than-10k-usdt-airdrop-be-won-within-limited-time/ | 2022-04-11T14:43:15Z |
NEW YORK, Aug. 1, 2022 /PRNewswire/ -- Swvl Inc. ("Swvl" or the "Company") (NASDAQ: SWVL), a global provider of transformative tech-enabled mass transit solutions, today announced its entry into a strategic partnership with City Group Co. KSCP ("City Group"), a leading transport operator and warehousing services provider, through which City Group will utilize Swvl's Software as a Service ("SaaS") offerings in Kuwait. Under the partnership, Swvl and City Group will work to provide the optimal transportation platform for serving Kuwaiti residents, in an effort to simplify their daily lives. The platform will feature a wide range of services, including on-demand, door-to-door, ride hailing, ride sharing and network buses, as well as school and corporate solutions.
Swvl and City Group will initially focus on the development of an initial launch program titled "Citylink Shuttle." The program will include demand responsive transportation ("DRT") and other preferred services, with plans to scale services to 100 or more vehicles over the following six months. Following the successful completion of these phases, Swvl and City Group expect to initiate a comprehensive platform onboarding of City Group's remaining vehicles over a mutually agreed upon period.
Mostafa Kandil, Swvl Founder and CEO, said, "We are excited to partner with City Group to bring next generation of transportation solutions to Kuwait. We are deeply committed to the Kuwaiti transport sector and believe that collectively, we have the unique ability to transform the current offering and customer experience for the benefit of the country's daily passengers. In the process, we will make mobility more reliable, affordable, and convenient."
Mr. Kandil continued, "This partnership is another great example of how Swvl is leveraging strong and rapidly accelerating demand for its SaaS and B2G offerings, in turn facilitating expansion into new, attractive markets. We continue to demonstrate tremendous progress against our business plan goals. This SaaS partnership demonstrates the substantial synergies from our recent acquisitions of a controlling stake in Shotl and door2door, both leading SaaS platforms in Europe."
Youssef Salem, Swvl CFO, said, "We believe the launch of Citylink Shuttle in Kuwait, which is incremental to our business plan, provides Swvl with a compelling upside. It represents another major organic SaaS market expansion after Swvl's recent expansion into Brazil. The expansion of Swvl's SaaS business, its highest profitability segment, is expected to contribute to its plans to turn cash flow positive in 2023. Swvl's ability to pursue complimentary organic and inorganic expansions including the recent acquisition of Urbvan and healthy pipeline de-risk growth plans, increases capital efficiency and provides further upside."
Dr. Dheeraj Bhardwaj, Group CEO of City Group Co. said, "The core objective of Citylink Shuttle" is to provide smooth and safe transportation to match supply with demand efficiently in busy urban areas, in turn making those areas congestion free.
DRT is a form of shared transport for travelling individuals and groups. In this type of transport, vehicles alter their routes automatically, using advanced machine learning and AI technologies, based on transport demand without using fixed routes or timetabled journeys. These vehicles typically pick-up and drop-off passengers in specific stops according to the passengers' needs. The technology ensures that the pickup and drop-off locations are within walking distances from the passengers.
Citylink Shuttle will be a premium and an alternative service to personal vehicles or taxis. It aims to address several requirements by promoting optimized public transportation and majorly supplements the public transportation in areas with little to no access to it; and helps to organize transportation for everyone going to work, appointments, shopping, schools etc. This attractive service will translate into real savings for all, while offering better access to mobility and having a positive impact on the environment".
About Swvl
Swvl is a global provider of transformative tech-enabled mass transit solutions, offering intercity, intracity, B2B and B2G transportation across > 135 cities in > 20 countries. The Company's platform provides complimentary semi-private alternatives to public transportation for individuals who cannot access or afford private options. Every day, Swvl's parallel mass transit systems are empowering individuals to go where they want, when they want – making mobility safer, more efficient, accessible, and environmentally friendly. Customers can book their rides on an easy-to-use proprietary app with varied payment options and 24 / 7 access to high-quality private buses and vans.
Swvl was co-founded by Mostafa Kandil, who began his career at Rocket Internet, where he launched the car sales platform Carmudi in the Philippines, which became the largest car classifieds company in the country in just six months. He then served as Rocket Internet's Head of Operations. In 2016, Kandil joined Careem, a ride-sharing company and the first unicorn in the Middle East. He supported the platform's expansion into multiple new markets.
For additional information about Swvl, please visit www.swvl.com.
About City Group Co. KSCP
City Group is a leading transport operator and warehousing service provider in Kuwait. City Group started its business activities in 1977 and is one of the most successful business houses in Kuwait.
Forward-Looking Statements
Certain statements made herein are not historical facts but are forward-looking statements. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook" and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding future events, the business combination with Queen's Gambit Growth Capital, the estimated or anticipated future results and benefits of the combined company following the business combination, future opportunities for the combined company and other statements that are not historical facts.
These statements are based on the current expectations of Swvl's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Swvl. These statements are subject to a number of risks and uncertainties regarding Swvl's business, and actual results may differ materially. These risks and uncertainties include, but are not limited to: general economic, political and business conditions, including but not limited to the economic and operational disruptions and other effects of the COVID-19 pandemic; the outcome of any legal proceedings that may be instituted against the parties following the consummation of the business combination; failure to realize the anticipated benefits of the business combination; the risk that the business combination disrupts current plans and operations as a result of the consummation of the business combination; the ability of the combined company to execute its growth strategy, manage growth profitably and retain its key employees; competition with other companies in the mobility industry; Swvl's limited operating history and lack of experience as a public company; recent implementation of certain policies and procedures to ensure compliance with applicable laws and regulations, including with respect to anti-bribery, anti-corruption, and cyber protection; the risk that Swvl is not able to execute its growth plan, which depends on rapid, international expansion; the risk that Swvl is unable to attract and retain consumers and qualified drivers and other high quality personnel; the risk that Swvl is unable to protect and enforce its intellectual property rights; the risk that Swvl is unable to determine rider demand to develop new offerings on its platform; the difficulty of obtaining required registrations, licenses, permits or approvals in jurisdictions in which Swvl currently operates or may in the future operate; the fact that Swvl currently operates in and intends to expand into jurisdictions that are, or have been, characterized by political instability, may have inadequate or limited regulatory and legal frameworks and may have limited, if any, treaties or other arrangements in place to protect foreign investment or involvement; the risk that Swvl's drivers could be classified as employees, workers or quasi-employees in the jurisdictions they operate; the fact that Swvl has operations in countries known to experience high levels of corruption and is subject to territorial anti-corruption laws in these jurisdictions; the ability of Swvl to maintain the listing of its securities on Nasdaq; costs related to the business combination; Swvl's acquisitions of controlling interests in Shotl Transportation, S.L., Viapool Inc. and door2doorGmbH may not be beneficial to Swvl as a result of the cost of integrating geographically disparate operations and the diversion of management's attention from its existing business, among other things; and other risks that will be detailed from time to time in filings with the U.S. Securities and Exchange Commission. The foregoing list of risk factors is not exhaustive. There may be additional risks that Swvl presently does not know or that Swvl currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide Swvl's expectations, plans or forecasts of future events and views as of the date of this communication. Swvl anticipates that subsequent events and developments will cause Swvl's assessments and projections to change. However, while Swvl may elect to update these forward-looking statements in the future, Swvl specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Swvl's assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Investor Contact
Youssef Salem
Swvl CFO
Investor.relations@swvl.com
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SOURCE Swvl | https://www.kxii.com/prnewswire/2022/08/01/swvl-adds-new-key-partner-city-group-leading-mass-transit-operator-kuwait-its-saas-offering/ | 2022-08-01T11:30:51Z |
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Proceeds will accelerate a robust R&D pipeline, commercial partnerships and clinical activities led by leading institutional and strategic investors
CLEVELAND, June 27, 2022 /PRNewswire/ -- Centerline Biomedical, Inc. (Centerline), a private medical technology company, announced the closing of a $33 million Series B equity financing led by Cleveland Clinic with participation by GE Healthcare, RIK Enterprises, JobsOhio, Jumpstart Ventures and G2 Group Ventures. This funding will help propel the company into new surgical applications, accelerate its commercial sales and add to its growing clinical evidence repository.
Centerline Biomedical's system improves visualization and guidance in endovascular procedures while reducing dependence on radiation and contrast agents with the goal of improving patient outcomes, as well as overall efficiency for clinicians. Its flagship product, IOPS® (Intra-Operative Positioning System) was developed in Cleveland Clinic's Heart and Vascular Institute and utilizes patented algorithms to generate a patient-specific vascular map combined with electromagnetic tracking and smart sensor-equipped surgical devices to provide real-time, 3-D color visualization and navigation of the human vascular system.
IOPS® is FDA 510(k) cleared and currently launching in the US at select sites. Expansion to Europe and other key markets will occur in 2023. This platform technology drives an active R&D pipeline, supported by four NIH (National Institute of Health) grants to date, and backed by a world-class scientific advisory board, with foundational programs to both expand and extend the capabilities in the vascular space and enter the structural heart space.
"We are excited about the potential for IOPS® solution to transform the imaging framework to improve safety, quality and cost of minimally-invasive vascular procedures while reducing radiation exposure of caregivers and patients during critical life-saving procedures" said Todd Schwarzinger, GM Cleveland Clinic Innovations. He also noted that Centerline is a success story for Northeast Ohio. "This technology, which was invented at Cleveland Clinic, represents another example of our region's success in supporting early-stage innovation within the MedTech startup space."
"The opportunity to invest in innovative technology like Centerline Biomedical's IOPS® solution aligns with GE Healthcare's mission of delivering more precise and efficient care. As the number of minimally invasive procedures for complex interventions increases, so does the need for advanced technology to enable clinicians to make faster, more precise and informed decisions to improve patient care. We look forward to working with Centerline Biomedical as well as clinicians to explore the possibilities of this technology, as well as how this can complement our imaging and guiding systems," said Arnaud Marie, General Manager for Global Interventional at GE Healthcare.
"Our technology is already yielding excellent clinical benefits and this funding will help realize our mission of improving the outcomes, radiation safety and accuracy in endovascular surgery," said Philip D. Rackliffe, CEO. "Successfully raising this capital given the challenging global environment is a resounding testament to this technology and incredible team at Centerline".
Founded in 2014, Centerline Biomedical is headquartered in Cleveland, Ohio. The company's FDA-cleared technology platform enables dramatically improved visualization and guidance in endovascular procedures. Centerline is backed by Cleveland Clinic, GE Healthcare, RIK Enterprises, JobsOhio, Jumpstart Ventures and G2 Group Ventures. Visit www.centerlinebiomedical.com for more information.
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SOURCE Centerline Biomedical | https://www.wibw.com/prnewswire/2022/06/27/centerline-biomedical-raises-33-million-series-b-financing/ | 2022-06-27T12:22:06Z |
Reds scratch Naquin, Senzel from lineup, put both on IL
MILWAUKEE (AP) — The Reds removed outfielders Tyler Naquin and Nick Senzel from the starting lineup for Wednesday’s game at Milwaukee and placed both on the injured list. They were added without injury designations, an indication that both are sidelined with COVID-19-related issues. Star first baseman Joey Votto was added to the IL for COVID-19 on Tuesday, although manager David Bell said Votto hadn’t tested positive at that point. Bell said Wednesday that Votto would likely be out for “more than a couple of days.” The Reds selected outfielders Albert Almora and Ronnie Dawson from Triple-A Louisville as substitute players to fill the open roster spots. | https://localnews8.com/sports/ap-national-sports/2022/05/04/reds-scratch-naquin-senzel-from-lineup-put-both-on-il/ | 2022-05-05T00:52:01Z |
LONDON (AP) — London’s Heathrow Airport apologized Monday to passengers whose travels were disrupted by staff shortages and warned it may ask airlines to cut more flights from their summer schedules to reduce the strain if the chaos persists.
Heathrow, Britain’s busiest airport, said service levels have been unacceptable at times in recent weeks, with long lines for security, delays helping passengers with reduced mobility, and luggage going missing or arriving late.
“We want to apologize to any passengers who have been affected by this,” the airport said in a monthly traffic update.
Booming demand for summer travel after two years of COVID-19 travel restrictions have swamped airlines and airports in Europe, which have been left shorthanded after laying off many pilots, cabin crew, check-in staff, ground crew and baggage handlers.
At Heathrow, unclaimed luggage has piled up in arrivals because of a technical glitch in the baggage system.
Compounding the problem, Heathrow said the punctuality of arriving flights is “very low” because of delays at other airports and airspace congestion across Europe.
Heathrow said it started recruiting in November in anticipation of this summer’s recovery in travel demand and expects security staffing will be back to pre-pandemic levels by the end of July. It also has reopened Terminal 4 to give passengers more space.
U.K. airlines have been slashing their summer flight schedules after authorities ordered them to ensure they can operate without disruption over the summer. British Airways has cut 11% of its flights between April and October to avoid canceling flights on the day of departure.
Heathrow CEO John Holland-Kaye said the airport will review the airlines’ proposed cuts “and will ask them to take further action if necessary.”
Underlining Heathrow’s woes, the airport said in a separate statement that it ordered airlines operating in Terminals 3 and 5 to cancel 61 flights Monday because it was expecting more passengers there than it has capacity to serve. | https://cw33.com/business/ap-business/londons-heathrow-airport-apologizes-for-travel-disruptions/ | 2022-07-11T14:19:28Z |
SHANGHAI, Sept. 16, 2022 /PRNewswire/ -- On Sep. 13, 2022, Qidi Technology (Shanghai) Co., Ltd. (hereinafter referred to as "Qidi") announced the completion of an angel round financing of RMB 100 million (14.44 million USD), with Joy Capital as the leading investor, Matrix Partners China and Meridian Capital as the co-investors, and Winsoul Capital as the financial advisor.
Founded in December, 2021, Qidi is a scientifically and technologically innovative enterprise that takes the 24/7 smart glasses as the core and aims at catering to the customers with its unique Vertical Integration Pattern. Starting from the full-link integration of underlying technologies such as hardware, software, and algorithm, and with cutting-edge products and up-to-date solutions, Qidi focuses on creating hands-free revolutionary smart glasses, which safeguards a trouble-free journey worldwide for the users.
New technical tipping point calling for product revolution
With the massive popularity of "metaverse" and the development of AR technology, smart glasses have once again come under the spotlight. Unlike Google Glass that transiently appeared a decade ago, or the last round of AR entrepreneurship mania, Qidi believes that an epoch-making revolution that could transform glasses from a mere "functional device" to "smart machine" has reached a tipping point.
In recent years, digital industries, such as 5G, artificial intelligence and big data, have witnessed a rapid development on the fundamental technologies. The displaying, interaction, algorithm, and computing power of smart glasses have also greatly changed compared with the era in which the product was first emerged.
One could expect that the human-computer interaction in Web 3.0 will be more multidimensional. As for the common digital products such as PC, mobile phone, and tablet, the real world is separated from the digital world by the screen. However, the smart AR glasses can shatter the barrier, and is expected to revolutionize the way we obtain information and our way of living, and inspire a boundless imagination. "This is probably the most imaginative and innovative product for individual users throughout the human history, and will revolutionize the way we interact with the digital world." Says the founder of Qidi.
Besides, the whole industry also sees smart glasses as a promising product, and expects them to be widely utilized in the next generation of human-computer interaction center and mobile terminals. At present, smart glasses have gained access to the market of some industries, yet there are still some gaps regarding the weight, battery life, and comfort of wearing between the existing products and the standard and positioning of the next generation of human-computer interaction center; therefore, in the field of product application, especially in the consumer market, there hasn't been a real sense of hot-sale products that have ever occurred, and a new "product revolution" is simply inevitable.
An optimal solution from Qidi: "Clever" glasses & Vertical Integration Pattern
A pair of ideal smart glasses that is suitable for long-time wearing often faces many challenges, such as the weight, comfort of wearing, battery life and heat dissipation, while in the meantime, as a daily-wear item, the glasses should be both high-tech and fashionable, which sets a higher bar on the design, quality, and custom-tailored uniqueness of the product. From the perspective of the working principle, the smart glasses are made of different units, such as acquisition unit, computing unit, and display unit, which delicately harness a series of key technologies on optics, displaying techniques, interaction, algorithm, and operating system. If we just adopt the key logic of "smart glasses" and the development model of supply chain technology integration, as well as mixing intelligent functions all in one, it'll easily turn the "smart glasses" into "a clumsy helmet."
The founder of Qidi stresses that the core is to figure out the fundamental logic of glasses and explore the irreplaceable role of glasses in our life. "The most distinctive feature of smart glasses is that they can perceive the environment and recognize everything from the first perspective, and provide instant feedback in front of the uses' eyes, while at the same time, the hands-free service that they provide can raise efficiency to a great extent." The guiding principle on Qidi's product development is to inject "intelligence" to the glasses – that is, with the users' daily needs being satisfied, the smart glasses are equipped with intelligence, which aims at the three basic properties that users concern the most, that are – flexibility, popularity, and fashion. Besides, the smart glasses have undergone in-depth innovation on the weight, battery life, and comfort of wearing, and dioptric adjustment is also available, which can truly realize a trouble-free journey worldwide for the users.
But how to make such an impeccable product? Qidi has come up with a vertical integration pattern, that is to perfectly match the top-level designs that suit the terminal ends with the basic operation system, drive system and algorithm, and maximize the energy efficiency of the scene circuit module, and fundamentally resolve the technological problems.
This requires the team to have the capability to develop new category hardware, to complete system construction, and to independently innovate core technologies, which is exactly the strength of Qidi's founding team. The key members in Qidi are from China's leading technology companies, such as Huawei and DJI, who have rich pioneering experiences in related industries. Besides the fact that this is a well-experienced and well-integrated team, it is also worth noted that the founder has successfully launched flagship products with a sales volume of over ten million, and has a deep understanding and pre-judgement of user needs, product development, and technology innovation.
"We have focused on making flagship phones all along, so the pursuit of high quality, elegant design and extreme user experience has become the gene of our team," says the founder of Qidi, "It's been more than ten years since we dealt with smart glasses. Based on our deep understanding of the core technologies, we believe that the tipping point of the relevant technologies is just around the corner. We hope to take on the role of China's technology innovator to explore a new definition of smart glasses, and make the perfect product that the users want, and ultimately take it as a lever to push forward a real smart society."
Investors' views
Liu Erhai, founder and managing partner of Joy Capital, says, "As the next-generation computing platform following personal computers and mobile phones, smart glasses are a promising product, but a bit technically difficult to make. Qidi team has been working in related fields for a long time, and mastered advanced technology and rich experience. I believe that their products will form an inseparable link in the metaverse ecosystem, and offer unprecedented and magical experiences for all users."
Wang Bingxing, director of Matrix Partners China, says, "At present, the global economies are facing more and more risks and uncertainties, but we still believe that groundbreaking technologies, innovative ideas, and new trend are the key to make a breakthrough. For the time being, wearable AR devices, such as smart glasses, are most likely to become the next-generation computing platform and interaction entrance, and all the future entertainment, education, work, and travel may be realized through these terminals. Qidi team has accumulated years of technical skills and R&D experiences in leading technology enterprises, and gained profound insight into consumer electronic products. They also have large-scale production experience and quality control ability. We are very optimistic about their future development, and look forward to seeing the innovative products made by them."
Ji Wei, founder and managing partner of Meridian Capital, says, "As the next-generation computing terminal to replace mobile phones, the terminal device of AR glasses and the upstream technology are maturing rapidly. Now is the right time to invest, and choosing Qidi is like taking a head start on the right racing track. We are very optimistic that Qidi team will become an important facilitator, or even a definer, on this long and bumpy track in the near future."
Liu Tianjie, Investment Director of Meridian Capital, says, "We are deeply impressed by Qidi team's outstanding industry background, R&D capabilities, and execution power. The team's huge success and experience in the development of many flagship mobile phone products is what AR device manufacturers can draw on, and sets an important basis for exploring the next-generation hot-sale smart devices. We hope that the funding will help Qidi to quicken their steps in making technological exploration and setting the scenes for making consumer AR products, and become a powerful driving force in the transformation of computing platforms."
Media Enquiries: Mia Lu, +86-15021452275, ya.lu@singularly.net
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SOURCE Qidi Technology (Shanghai) Co., Ltd. | https://www.kxii.com/prnewswire/2022/09/16/qidi-has-completed-an-angel-round-financing-rmb-100-million-yuan-with-joy-capital-lead-investor-matrix-partners-china-meridian-capital-co-investors/ | 2022-09-16T06:08:04Z |
KYIV, Ukraine (AP) — The Ukrainian military on Tuesday reported destroying a Russian ammunition depot in southern Ukraine, resulting in a massive explosion captured on social media, while authorities said the death toll from a weekend Russian strike in the country’s east grew to 41.
An overnight rocket strike targeted the depot in Russian-held Nova Kakhovka, the Ukrainian military’s southern command said. Nova Kakhovka is located about 35 miles (55 kilometers) east of the Black Sea port city of Kherson, which is also occupied by Russian forces.
The precision of the strike suggested Ukrainian forces used U.S-supplied multiple-launch High Mobility Artillery Rocket Systems, or HIMARS, to hit the area. Ukraine indicated in recent days that it might launch a counteroffensive to reclaim territory in the country’s south as Russia bombards the eastern Donbas region.
Russia’s Tass news agency offered a different account of the blast in Nova Kakhovka, saying a mineral fertilizer storage facility exploded, and that a market, hospital and houses were damaged in the strike. Some of the ingredients in fertilizer can be used for ammunition.
A satellite photo taken Tuesday and analyzed by The Associated Press showed significant damage. A massive crater stood precisely where a large warehouse-like structure once stood in the city,
Ukraine now has eight of the HIMAR systems, a truck-mounted missile launcher with high accuracy, and Washington has promised to send another four.
Elsewhere in Ukraine, Russian shelling over the past 24 hours killed at least 16 civilians and wounded 48 more, Ukraine’s presidential office said in its Tuesday morning update. Cities and towns in five southeast regions came under Russian fire, the office said.
Nine civilians were killed and two more wounded in Donetsk province, which makes up half of the Donbas. Russian rocket attacks targeted the cities of Sloviansk and Toretsk, where a kindergarten was hit, the presidential office said.
The British military said Tuesday that Russia was continuing to make “small, incremental gains” in Donetsk, where heavy fighting led the province’s governor last week to urge its 350,000 remaining residents to move to safer places in western Ukraine.
The death toll from a Russian rocket attack that struck a Donetsk apartment building Saturday rose to 41, the emergency services agency said Tuesday afternoon. It said four more bodies were found and nine people were rescued from the rubble of the building in Chasiv Yar.
Yet many in the Donbas, a fertile industrial region in eastern Ukraine made of Donetsk and Luhansk provinces, refuse — or are unable — to flee, despite scores of civilians being killed and wounded each week.
In Kharkiv, Ukraine’s second-largest city, and its surrounding region, Russian strikes hit residential buildings, killing four civilians and wounding nine, Ukrainian officials said.
“The Russians continue their tactics of intimidating the peaceful population of the Kharkiv region,” Kharkiv Gov. Oleh Syniehubov wrote Tuesday on Telegram.
Ukrainian authorities also said that Russian fire struck the southern city of Mykolaiv on Tuesday morning, hitting residential buildings. Twelve people were wounded as the result of the Russian shelling, with some of the rockets hitting two medical facilities, regional governor Vitaliy Kim said on Telegram.
Air raid sirens sounded Tuesday in the western city of Lviv — the first daytime sirens there in over a week — and in other areas of Ukraine as Russian forces continued to make advances.
In eastern Luhansk, “fighting continues near the villages” on the administrative border with neighboring Donetsk, Luhansk Gov. Serhiy Haidai told the Associated Press on Tuesday.
“The Russian army burns down everything in its way. The artillery barrage doesn’t stop and sometimes continues for four to six hours on end,” Haidai said.
The British Defense Ministry’s intelligence briefing said Russia had seized the Ukrainian town of Hryhorivka and continued to push toward the Donetsk province cities of Kramatorsk and Sloviansk.
“Russian forces are likely maintaining military pressure on Ukrainian forces whilst regrouping and reconstituting for further offensives in the near future,” the intelligence briefing said.
However, Russia may be relying more heavily on private military contractors, like the Wagner Group, to avoid a general mobilization, the British ministry said. Western officials have accused Wagner of using mercenaries to fight in Africa and elsewhere.
In other developments:
— The Kremlin said Russian President Vladimir Putin would visit Iran next week. Kremlin spokesman Dmitry Peskov said that Putin will travel to Tehran next Tuesday to attend a trilateral meeting with the leaders of Iran and Turkey, a format for Syria-related talks. U.S. National Security Adviser Jake Sullivan told reporters on Monday that Russia was seeking hundreds of surveillance drones from Iran, including weapons-capable ones, for use in Ukraine.
— Russian and Turkish military representatives plan to meet in Istanbul on Wednesday to discuss the transport of Ukrainian grain through the Black Sea, a Russian Foreign Ministry official said. Pyotr Ilyichyov, head of the ministry’s department for international organizations, told Russian news agency Interfax that “representatives of Ukraine, as well as U.N. (officials) in the role of observers” are also expected to take part in the talks. Ilyichyov reiterated that Moscow was ready “to assist in ensuring the navigation of foreign commercial ships for the export of Ukrainian grain.”
— Germany’s justice minister said investigating war crimes in Ukraine would likely take “many years” but he was confident they ultimately will be successful. Justice Minister Marco Buschmann said there will “probably be hundreds of thousands, maybe even millions of pieces of evidence that have to be sifted through, documented and evaluated.” The German federal prosecutor’s office said in early March that it had started looking into possible war crimes committed by Russian forces in Ukraine. Buschmann spoke Tuesday in Prague, where he and his European Union counterparts were meeting.
___
Jon Gambrell in Lviv, Ukraine, and Isabel DeBre in Dubai, United Arab Emirates, contributed to this report.
___
Follow the AP’s coverage of the war at https://apnews.com/hub/russia-ukraine | https://cw33.com/news/international/ap-international/ukrainian-rocket-strike-targets-russian-ammunition-depot/ | 2022-07-12T21:10:59Z |
CHICAGO (NewsNation) — Americans’ lives have fundamentally changed in response to rampant inflation, according to a new NewsNation/Decision Desk HQ poll released Monday. Across the country, consumers are cutting back on dining and entertainment but also essentials including groceries and gasoline.
Nearly half of those surveyed said they are worse off financially today than they were a year ago. By comparison, only 18% of respondents said they were better off.
Even the post-pandemic travel boom is in jeopardy as people reconsider what they can afford.
With Memorial Day just around the corner, nearly half of registered voters say they’ve changed summer vacation plans — some moving trips closer to home but most saying they have had to cancel plans altogether.
More than 70% of respondents said they have had to cut back on purchases over the last month.
The change in consumer behavior comes as the cost of goods continues to rise nationwide and inflation remains near 40-year highs.
So where are consumers feeling it the most?
“Gasoline, gasoline, gasoline,” said Lynn Hoffman, a grandmother from Arizona, who was out for a walk while visiting Chicago on Sunday.
Just last week, the average price for a gallon of gasoline topped $4 in every state for the first time ever.
Experts say prices at the pump and the economic reality of the country are more likely to impact Americans’ views on how the country is doing than other hot-button social issues.
“If you have to change your vacation or you have a financial setback, that’s not some theoretical thing,” said Scott Tranter, adviser at DecisionDesk HQ.
The vast majority of respondents, nearly 65%, said inflation is a bigger problem in the U.S. today than unemployment, COVID-19 or crime:
- Inflation: 64.61%
- Unemployment: 6.39%
- COVID-19: 14.33%
- Crime: 14.66%
Opinions on the underlying causes of inflation vary widely, with some people NewsNation spoke to Sunday blaming President Joe Biden and the federal government.
“I feel that Washington has failed us miserably and it doesn’t look like it’s going to stop,” said Earl Schwartzhoff of Minnesota.
Schwartzhoff said Biden should prioritize domestic oil production and restart construction on the Keystone XL pipeline in order to curb energy prices.
Others thought government spending had partially contributed to inflation but that it was the right decision given the hardships brought on by the COVID-19 pandemic.
“I can’t fault the government for giving the people what they need in a very dire hour,” said Tanya Landau, a graduate student in Chicago. “We spent a ton of money on incentives for people and checks to make sure they could put food on their plates. How can I not be OK with that happening?”
Landau said she remains hopeful that worker salaries will increase as companies attempt to retain talent in a post-pandemic world that has been plagued by labor shortages.
Despite strong consumer spending in recent months, some signs suggest demand may be starting to wane. Last week, two of the nation’s largest retailers, Walmart and Target, posted quarterly earnings far below expectations.
Nearly 60% of those surveyed now say it’s at least somewhat difficult to make ends meet. It’s an early indication that Americans are starting to worry about the future.
That concern means some people are delaying big purchases, instead they’re focused on saving in the near term.
“Rent’s going up and the housing market’s going up. So you’re going to lose either way. I’m just kind of waiting for things to calm down,” said Alyssa Hach in Chicago. | https://cw33.com/news/nexstar-media-wire/poll-americans-forced-to-cut-back-on-spending-travel/ | 2022-05-23T18:44:49Z |
Plug-in hybrid sales are stumbling in Europe, once an important market, as demand for all-electric vehicles rises, according to a recent Automotive News Europe report. But plug-in hybrids seem to be faring better in the United States.
As European consumers turned away from diesel cars and regulators tightened emissions rules in the wake of the Volkswagen diesel scandal, many automakers relied on plug-in hybrids to fill the breach, and sales were initially quite strong.
But recent sales data shows plug-in hybrids trending downward as EVs trend upward. In June, plug-in hybrid sales fell 28% in France and 16% in Germany, according to the report. And in the United Kingdom, two all-electric cars are now reportedly sold for every plug-in hybrid.
Bloomberg New Energy Finance (BNEF) also anticipates that plug-in hybrid sales will peak around 2026, with their share of plug-in sales on the decrease before then.
This isn’t totally unexpected, the report noted. Plug-in hybrids largely served as a stopgap effort until automakers could ready dedicated EV architectures. Vehicles based on those architectures are now reaching production, and anticipated stricter European Union emissions standards for 2025 could force automakers to shift more of their fleets to all-electric powertrains.
It might even be for the better. European regulators have considered ending the plug-in hybrid era early in order to shift the focus to all-electric vehicles. Europe now has a more advanced network of charging stations, meaning drivers are less likely to need an internal-combustion back-up, and some recent real-world tests have highlighted that plug-in hybrids can produce significant pollution when not driven on electric power.
Meanwhile, according to the Department of Energy, U.S. PHEV sales more than doubled from 2020 to 2021—a faster rate of growth than EVs. That’s in the context of strong EV sales, with all-electric models accounting for early three quarters of 2021 plug-in car sales in California—the biggest market for those vehicles in the U.S.
Experian Automotive recently noted that it took Toyota 11 plug-in hybrid, hybrid, and EV models to measure up to the U.S. new registration numbers of four Tesla EVs. But some plug-in hybrids, such as the Jeep Wrangler 4xe, have been selling very, very well. Plug-in hybrids topped 20% of Volvo’s U.S. sales in 2021. They’re well past that now.
Plug-in hybrids still offer more flexibility than all-electric cars, but they are also more challenging to explain. After years on the market, automakers struggle to understand whether drivers actually plug in their hybrids any more frequently than when they first appeared.
Related Articles
- Ford Maverick hybrid, Escape hybrid, and Lincoln Corsair PHEV recalled for fire concern
- 2023 Toyota Crown sedan debuts with Hybrid Max muscle and SUV duds
- 2023 Honda CR-V Hybrid goes sporty, angles for half of sales
- Backseat fires prompt recall replay for Hyundai Ioniq Hybrid, Plug-In Hybrid
- Study: Demand for hybrids and EVs is soaring in rural America | https://cw33.com/automotive/internet-brands/plug-in-hybrid-sales-stumble-in-europe-do-they-have-a-better-chance-in-the-us/ | 2022-08-03T14:36:55Z |
With every silky-smooth sip, this low-sugar varietal is a new fan favorite for wine lovers who want high quality, delicious wine.
LODI, Calif., July 28, 2022 /PRNewswire/ -- FitVine Wine, the maker of delicious, low-sugar, full bodied wines, is introducing the brand's new North Coast Cabernet Reserve. The silky smooth, high-quality Cabernet from the grapes of California's North Coast is now available online on FitVineWine.com. FitVine Wine was created for people who want to enjoy a balanced lifestyle filled with fun, fitness, relaxation, and of course, really good wine.
"Our North Coast Cabernet Reserve is a very special addition to the FitVine family of wines," said Tom Beaton, CEO and co-founder of FitVine Wine. "There are two factors that impact the flavor of wine: the grapes and the fermentation process. The grapes for this new variety come from the North Coast of California. They are picked at the perfect moment and go through the same fermentation process as our other varietals. We take an 'old world wine' approach and ferment our wines for as long as possible to get deep flavor while reducing residual sugar. That's how we get them to taste so good while maintaining low sugar content, no flavor additives, and only the good stuff!"
FitVine Wine is a pioneer of the better-for-you (BFY) wine category. Nevertheless, it could be said that the brand is in a category of its own. FitVine Wine is full-bodied and full-alcohol like traditional wines but contains no flavor additives and is processed to be gluten-free and is 100% vegan. So FitVine can really play to both sides of the coin and be enjoyed by people who like the flavor of traditional wines but want a wine that has no flavor additives and is transparent with their nutritional label. It's a win-win for wine lovers!
"Our new North Coast Cabernet Reserve is no exception to our really good, low-sugar, no-nonsense wines for people who want a high-quality, less pretentious wine at a good price," said Mark Warren, president and co-founder of FitVine Wine. "Our fans know that our wine contains the best possible ingredients and is crafted with the cleanest possible process. People deserve a good wine. That's why we do what we do."
Order your new favorite wine online on FitVineWine.com (Continental U.S.). The SRP for FitVine's new North Coast Cabernet Reserve is $19.99.
Enjoy beautiful images of FitVine Wine here.
About FitVine Wine
FitVine was founded by friends Mark Warren and Tom Beaton who wanted to create a wine brand for people who care about living well. Established in 2015, FitVine Wine offers delicious, lower sugar, full-alcohol wines for people who seek adult beverages that taste good and fit their lifestyle without compromising on flavor or quality. FitVine offers red, white, and sparkling varieties that pair perfectly with all of life's best moments. FitVine wines are gluten-free and vegan friendly with no flavor additives. Learn more at FitVineWine.com.
Media Contact:
Briana Alberghini
briana@freshcommunications.com
(774)-269-3394
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SOURCE FitVine Wine | https://www.mysuncoast.com/prnewswire/2022/07/28/fitvine-wine-introduces-their-new-north-coast-cabernet-reserve/ | 2022-07-28T18:42:01Z |
CINCINNATI, Aug. 19, 2022 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) announced that at today's regular meeting, the board of directors declared a 69-cents-per-share regular quarterly cash dividend. The dividend is payable October 14, 2022, to shareholders of record as of September 16, 2022.
Steven J. Johnston, chairman and chief executive officer, commented, "The payment of this dividend in October will complete our 62nd year of increasing annual cash dividends. Cincinnati Financial's excellent financial strength and proven ability to operate successfully over the long term supports regular dividends, our preferred way of returning capital to shareholders."
About Cincinnati Financial
Cincinnati Financial Corporation offers primarily business, home and auto insurance through The Cincinnati Insurance Company and its two standard market property casualty companies. The same local independent insurance agencies that market those policies may offer products of our other subsidiaries, including life insurance, fixed annuities and surplus lines property and casualty insurance. For additional information about the company, please visit cinfin.com.
Safe Harbor Statement
This is our "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995. Our business is subject to certain risks and uncertainties that may cause actual results to differ materially from those suggested by the forward-looking statements in this report. Some of those risks and uncertainties are discussed in our 2021 Annual Report on Form 10-K, Item 1A, Risk Factors, Page 32.
Factors that could cause or contribute to such differences include, but are not limited to:
- Effects of the COVID-19 pandemic that could affect results for reasons such as:
- Ongoing developments concerning business interruption insurance claims and litigation related to the COVID-19 pandemic that affect our estimates of losses and loss adjustment expenses or our ability to reasonably estimate such losses, such as:
- Unusually high levels of catastrophe losses due to risk concentrations, changes in weather patterns (whether as a result of global climate change or otherwise), environmental events, war or political unrest, terrorism incidents, cyberattacks, civil unrest or other causes
- Increased frequency and/or severity of claims or development of claims that are unforeseen at the time of policy issuance, due to inflationary trends or other causes
- Inadequate estimates or assumptions, or reliance on third-party data used for critical accounting estimates
- Declines in overall stock market values negatively affecting our equity portfolio and book value
- Prolonged low interest rate environment or other factors that limit our ability to generate growth in investment income or interest rate fluctuations that result in declining values of fixed-maturity investments, including declines in accounts in which we hold bank-owned life insurance contract assets
- Domestic and global events, such as Russia's invasion of Ukraine, resulting in capital market or credit market uncertainty, followed by prolonged periods of economic instability or recession, that lead to:
- Our inability to manage Cincinnati Global or other subsidiaries to produce related business opportunities and growth prospects for our ongoing operations
- Recession, prolonged elevated inflation or other economic conditions resulting in lower demand for insurance products or increased payment delinquencies
- Ineffective information technology systems or discontinuing to develop and implement improvements in technology may impact our success and profitability
- Difficulties with technology or data security breaches, including cyberattacks, that could negatively affect our or our agents' ability to conduct business; disrupt our relationships with agents, policyholders and others; cause reputational damage, mitigation expenses and data loss and expose us to liability under federal and state laws
- Difficulties with our operations and technology that may negatively impact our ability to conduct business, including cloud-based data information storage, data security, cyberattacks, remote working capabilities, and/or outsourcing relationships and third-party operations and data security
- Disruption of the insurance market caused by technology innovations such as driverless cars that could decrease consumer demand for insurance products
- Delays, inadequate data developed internally or from third parties, or performance inadequacies from ongoing development and implementation of underwriting and pricing methods, including telematics and other usage-based insurance methods, or technology projects and enhancements expected to increase our pricing accuracy, underwriting profit and competitiveness
- Intense competition, and the impact of innovation, technological change and changing customer preferences on the insurance industry and the markets in which we operate, could harm our ability to maintain or increase our ability to maintain or increase our business volumes and profitability
- Changing consumer insurance-buying habits and consolidation of independent insurance agencies could alter our competitive advantages
- Inability to obtain adequate ceded reinsurance on acceptable terms, amount of reinsurance coverage purchased, financial strength of reinsurers and the potential for nonpayment or delay in payment by reinsurers
- Inability to defer policy acquisition costs for any business segment if pricing and loss trends would lead management to conclude that segment could not achieve sustainable profitability
- Inability of our subsidiaries to pay dividends consistent with current or past levels
- Events or conditions that could weaken or harm our relationships with our independent agencies and hamper opportunities to add new agencies, resulting in limitations on our opportunities for growth, such as:
- Actions of insurance departments, state attorneys general or other regulatory agencies, including a change to a federal system of regulation from a state-based system, that:
- Adverse outcomes from litigation or administrative proceedings, including effects of social inflation on the size of litigation awards
- Events or actions, including unauthorized intentional circumvention of controls, that reduce our future ability to maintain effective internal control over financial reporting under the Sarbanes-Oxley Act of 2002
- Unforeseen departure of certain executive officers or other key employees due to retirement, health or other causes that could interrupt progress toward important strategic goals or diminish the effectiveness of certain longstanding relationships with insurance agents and others
- Our inability, or the inability of our independent agents, to attract and retain personnel in a competitive labor market, impacting the customer experience and altering our competitive advantages
- Events, such as an epidemic, natural catastrophe or terrorism, that could hamper our ability to assemble our workforce at our headquarters location or work effectively in a remote environment
Further, our insurance businesses are subject to the effects of changing social, global, economic and regulatory environments. Public and regulatory initiatives have included efforts to adversely influence and restrict premium rates, restrict the ability to cancel policies, impose underwriting standards and expand overall regulation. We also are subject to public and regulatory initiatives that can affect the market value for our common stock, such as measures affecting corporate financial reporting and governance. The ultimate changes and eventual effects, if any, of these initiatives are uncertain.
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SOURCE Cincinnati Financial Corporation | https://www.mysuncoast.com/prnewswire/2022/08/19/cincinnati-financial-corporation-declares-regular-quarterly-cash-dividend/ | 2022-08-19T20:38:10Z |
KNOXVILLE, Tenn., Aug. 4, 2022 /PRNewswire/ -- real hot yoga, emerging hot yoga franchise concept, has figured out how to make a hot real estate market, even hotter- by bringing their hot yoga studios to more territories, with their continued expansion.
In launching the Franchise during COVID, the interest in real hot yoga is experiencing great momentum, as entrepreneurs set their sights on franchises in the wellness space. The brand has sold 5 franchises, in the last 5 months, in the following territories- Kenosha, WI, Montvale, NJ; Farragut, TN; Atlanta, GA and Myrtle Beach Magnolia Row, SC, the sister location to the existing Myrtle Beach Sayebrook corporate location. The expansion brings the brand to have a total of 11 units under their umbrella- consisting of 6 corporate units, and 5 franchisees.
One of the brand's Founding Partners, Jeff Morin, says," While we are new to franchising, we're not new to opening successful studios. To date, all of our 6 corporate locations are back to pre-COVID numbers with several showing significant growth since 2019. We are so grateful to be celebrating the 10 Year Anniversary of our very 1st studio in Knoxville, TN, this Summer. It's beyond exciting to experience the influx of interest in our brand, and to be able to bring real hot yoga to more communities."
real hot yoga currently has many attractive territories available for single and multiple unit franchisees to develop. With low startup costs, and unparalleled support of the founding owners- a franchisee can reap the benefits of learning how to follow a business model that has been proven successful in various sized cities and markets and continue to positively impact lives across the country.
real hot yoga opened its first location in 2012 in Knoxville, TN by founding owners- Cindy Coats, Aaron Goodman and Jeff Morin. The company quickly found its niche as a high energy yoga fitness studio and opened several locations since 2012, bringing their total of units to 6 Corporate locations and 5 Franchised Units.
Corporate and franchised locations, to date include- Knoxville, TN; Johnson City, TN; Farragut, TN; Englewood, NJ; Hoboken, NJ; Ridgewood, NJ; Montvale, NJ; Myrtle Beach Sayebrook; SC; Myrtle Beach Magnolia Row, SC; Kenosha, WI and Atlanta, GA.
For more information on franchising, please email franchise@realhotyoga.net , visit https://realhotyoga.net/franchise/ or call Jeff Morin at 513-226-4632.
CONTACT:
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SOURCE real hot yoga | https://www.wibw.com/prnewswire/2022/08/04/real-hot-yoga-expands-with-selling-5-franchisees-5-months/ | 2022-08-04T11:51:06Z |
Surgeon: Johnny Depp’s severed finger story has flaws
FALLS CHURCH, Va. (AP) — A hand surgeon testified Monday that Johnny Depp could not have lost the tip of his middle finger the way he told jurors it happened in his civil lawsuit against ex-wife Amber Heard.
The finger injury, which occurred in a March 2015 fight in Australia between Depp and Heard, has been one of several key points of dispute in the lawsuit. Depp says he was injured when Heard threw a vodka bottle at him. Heard has said she never saw specifically how it happened, but that it occurred on a night when an enraged Depp sexually assaulted her with a liquor bottle.
Depp is suing Heard for libel in Fairfax County Circuit Court over a December 2018 op-ed she wrote in The Washington Post describing herself as “a public figure representing domestic abuse.” His lawyers say he was defamed by the article even though it never mentioned his name.
Depp has denied he ever struck Heard, and says she was the abuser in the relationship. Heard has testified about more than a dozen separate instances of physical abuse she says she suffered at Depp’s hands.
In testimony Monday, surgeon Richard Moore testified about the severed finger as jurors saw gruesome photos of the injury. He said that Depp described that his palm was down on a bar when it was struck by the bottle.
Moore, who did not treat Depp, testified that Depp’s description is unlikely, in large part because his fingernail remained intact. Moore said the fingernail was exposed, as Depp described the placement of his hand, and would have been damaged. Moore also said there would have been other cuts on the rest of his hand from the glass that shattered on impact.
While Depp told the jury that Heard severed the finger by throwing a vodka bottle, at the time of the accident he told people and sent text messages saying he’d done it to himself. At one point he said the finger had been pinched between solid accordion doors.
Depp now says he lied to protect Heard. Moore testified that getting the finger pinched in accordion doors would be consistent with the injury.
The trial is now in its sixth week. Monday’s testimony was relatively mundane in a trial that has provided an ugly glimpse into the couple’s toxic relationship. There had been an expectation that Heard’s lawyers were going to call Depp to the stand Monday, but that did not occur.
Jurors had already heard from both Depp and Heard extensively — each was on the stand for four days, undergoing grueling cross-examinations.
Also Monday, a psychiatrist testified that Depp’s behavior fits the pattern of a person whose drug and alcohol abuse contributes to domestic violence.
Depp’s lawyer questioned the ethics and credibility of the psychiatrist’s opinions, given that he never conducted an examination of Depp.
The trial has drawn increasing public attention over its length. People camped out overnight and squabbled over places in line as they sought to get one of the 100 seats in the courtroom allocated to the public. During a morning break, one woman professed her love for Depp and asked when he was going to acknowledge that he was the father of the baby she was holding in her arms.
She was removed from the courtroom.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/05/23/surgeon-johnny-depps-severed-finger-story-has-flaws/ | 2022-05-23T23:23:01Z |
ARLINGTON, Texas, June 7, 2022 /PRNewswire/ -- With heart disease being the leading cause of death in the United States, Texas Health Resources is addressing the problem with quality, science-based guidelines for treating heart attack patients. This focus on quality care helped eight Texas Health facilities earn this year's American College of Cardiology's National Cardiovascular Data Registry (NCDR) Chest Pain – MI Registry Performance Achievement Award.
"This award recognizes our commitment to compassionately addressing the needs of cardiac patients and partnering with North Texans for a lifetime of health and well-being," said Kirk King, executive vice president and Hospital Channel chief operating officer. "Our motivation is solely driven by the desire to provide patients with quality care and essential resources to get them back to enjoying life."
The national award annually recognizes hospitals providing a high standard of care for patients suffering a heart attack, which is when a blood clot in a coronary artery blocks blood flow to the heart.
"North Texans should be empowered with education and awareness when it comes to serious medical conditions, including heart attacks," said Sunita Koshy-Nesbitt, M.D., M.B.A., Hospital Channel chief quality officer and a clinical cardiac electrophysiologist. "When we lose one life after choosing to ignore the signs and symptoms of heart disease, that's one too many. We're committed to providing North Texans with quality cardiac care they need and deserve."
Eight of the more than 400 facilities recognized this year are Texas Health hospitals:
Platinum Performance Achievement Award recipients
- Texas Health Harris Methodist Hospital Fort Worth
- Texas Health Harris Methodist Hospital Hurst-Euless-Bedford
- Texas Health Harris Methodist Hospital Southwest Fort Worth
- Texas Health Heart & Vascular Hospital Arlington (joint venture)
- Texas Health Presbyterian Hospital Plano
Silver Performance Achievement Award recipients
- Texas Health Harris Methodist Hospital Alliance
- Texas Health Presbyterian Hospital Dallas
- Texas Health Presbyterian Hospital Denton
To learn more click on heart and vascular services (https://www.texashealth.org/Health-and-Wellness/Heart-and-Vascular/Heart-Health-and-Wellness)
About Texas Health Resources:
Texas Health Resources is a faith-based, nonprofit health system that cares for more patients in North Texas than any other provider. With a service area that consists of 16 counties and more than 7 million people, the system is committed to providing quality, coordinated care through its Texas Health Physicians Group and 29 hospital locations. The system has more than 4,100 licensed hospital beds, 6,400 physicians with active staff privileges and more than 26,000 employees.
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SOURCE Texas Health Resources | https://www.mysuncoast.com/prnewswire/2022/06/07/texas-health-earns-national-cardiac-care-awards/ | 2022-06-07T16:20:13Z |
Djokovic playing his ‘best’ tennis ahead of French Open
By TALES AZZONI
AP Sports Writer
MADRID (AP) — Novak Djokovic is optimistic about his game going into the French Open despite going another week without a title. The top-ranked Djokovic is yet to win a trophy this season while trying to regain his best form after not being allowed to play in the Australian Open because he was not vaccinated for COVID-19. Djokovic lost to young sensation Carlos Alcaraz in three sets in the semifinals of the Madrid Open on Saturday but said this week was “the best that I have played this year.” The Serb will next play in Rome this week before heading to Roland Garros. | https://localnews8.com/sports/ap-national-sports/2022/05/08/djokovic-playing-his-best-tennis-ahead-of-french-open/ | 2022-05-08T17:48:46Z |
HALIFAX, NS, June 27, 2022 /PRNewswire/ - WildBrain Ltd. ("WildBrain" or the "Company") (TSX: WILD), a global leader in kids' and family entertainment, announces that Rita Middleton, CEO and interim CFO of International Solar Solutions Inc., has been appointed as an independent director of the Company. Middleton will fill a seat on the board of directors of WildBrain (the "Board") being vacated by director Alan Hibben, who will be stepping down as of September 1, 2022, for personal reasons. Don Wright, Chair of the Board, will replace Hibben as Chair of the Audit and Risk Management Committee at that time.
Rita Middleton has over twenty-five years' strategic senior management experience, including operational start-up, dynamic growth environments, and industry regulatory and public company compliance. She has more than 10 years of experience in the renewable energy sector, including carbon-emission credits development, ocean tidal energy, and most recently the manufacture and distribution of micro-solar energy solutions including the modular solar attic fan.
From 1990 to 2008, Middleton was in the broadcast and entertainment industry. Initially she was with CUC Broadcasting, a Canadian media company primarily in the business of cable television distribution. She then worked in increasingly senior finance, corporate development and technology roles at Alliance Atlantis Communications Inc., one of Canada's largest and most successful international media companies, which was listed on the TSX and NASDAQ. She was Senior Vice President, Finance & Information Technology Services, with Alliance Atlantis at the time the company was sold for CA $2.3 billion in 2007.
Eric Ellenbogen, Chief Executive Officer and Vice Chair of WildBrain, said: "Rita's entrepreneurial drive and deep experience with large public media companies, finance, accounting and management make her a perfect addition to our Board, bringing tremendous expertise and energy. We're pleased to welcome Rita and look forward to benefitting from her insights and leadership experience."
Don Wright, Chair of WildBrain's Board of Directors, said: "We would like to thank Alan Hibben for his time on the Board and the outstanding diligence he has brought to his role, providing strong oversight and leadership. Alan has been a paragon of good governance, representing the best interests of WildBrain's shareholders. We wish him all the best for the future."
Alan Hibben said: "I am very proud of the improvements that the Board and management have made in governance, strategy and financial flexibility over the last few years at WildBrain. I am confident that the efforts made to improve shareholder value will continue and accelerate in the future."
Investor Relations: Nancy Chan-Palmateer - Director, Investor Relations, WildBrain
nancy.chanpalmateer@wildbrain.com+1 416-977-7358
Media: Shaun Smith - Director, Corporate & Trade Communications, WildBrain
shaun.smith@wildbrain.com
+1 416-977-7230
At WildBrain we inspire imaginations to run wild, engaging kids and families everywhere with great content across all media. With approximately 13,000 half-hours of filmed entertainment in our library – one of the world's most extensive – we are home to such brands as Peanuts, Teletubbies, Strawberry Shortcake, Yo Gabba Gabba! Caillou, Inspector Gadget, Johnny Test and Degrassi. At our 75,000-square-foot state-of-the-art animation studio in Vancouver, BC, we produce such fan-favourite series as The Snoopy Show, Snoopy in Space, Chip & Potato, Carmen Sandiego, Go, Dog. Go! and more. Our shows are enjoyed worldwide in more than 150 countries on over 500 streaming platforms and telecasters, and our AVOD business – WildBrain Spark – offers one of the largest networks of kids' channels on YouTube, garnering billions of views per month from over 245 million subscribers. Through our leading agency, WildBrain CPLG, we also license consumer products and location-based entertainment in every major territory for our own properties as well as for our clients and content partners. Our television group owns and operates four family entertainment channels that are among the most viewed in Canada. WildBrain is headquartered in Canada with offices worldwide and trades on the Toronto Stock Exchange (TSX: WILD). Visit us at WildBrain.com.
This press release contains "forward-looking statements" under applicable securities laws with respect to the Company including, without limitation, statements regarding the business strategies and operational activities of WildBrain, the future financial and operating performance of WildBrain, and the value of WildBrain's shares. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and are based on information currently available to the Company. Actual results or events may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations, among other things, include the risk factors discussed in materials filed with applicable securities regulatory authorities from time to time including matters discussed under "Risk Factors" in the Company's most recent Annual Information Form and annual Management Discussion and Analysis. These forward-looking statements are made as of the date hereof, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
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SOURCE WildBrain Ltd. | https://www.kxii.com/prnewswire/2022/06/27/wildbrain-appoints-new-director/ | 2022-06-27T23:44:23Z |
PATRICK COUNTY, Va., Sept. 15, 2022 /PRNewswire/ -- On August 24th, Foresight Health hosted a ceremonial $600,000 check presentation by Congressman Morgan Griffith and Senator Mark Warner to the Patrick County Economic Development Authority (EDA). The celebratory event was held at the site of the upcoming Foresight Hospital. The funds were secured through the appropriations process after the Patrick County EDA applied to the Health Resources and Services Administration and were sponsored by Congressman Griffith and Senator Warner. This investment into the community will help provide a second mobile health unit in the area to care for residents and provide better health outcomes.
"The funds provided today will help expand the healthcare footprint in Southside and Southwest Virginia and provide important outreach on healthcare services to people in the area," said Dr. Sameer Suhail, President and CEO of Foresight Health. "Foresight was thrilled to host this event and have the opportunity to thank our elected officials who have been and will continue to be great partners in enhancing access to primary healthcare services in Patrick County. The new unit will help us provide health and wellness checks, strengthen the delivery of primary healthcare services in extremely rural areas, and increase awareness on key health and nutrition practices. Working with Patrick County, we will be able to meet people where they are in their time of need."
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SOURCE Foresight Health | https://www.kxii.com/prnewswire/2022/09/15/foresight-health-hosts-presentation-600000-check-by-congressman-griffith-senator-warner/ | 2022-09-15T13:25:34Z |
NASSAU, Bahamas, May 3, 2022 /PRNewswire/ -- With the busy summer travel season fast approaching, The Bahamas is gearing up to welcome visitors with deals and promotions, the return of highly anticipated festivities and brand new cultural events. With increased airlift to the destination, visiting this summer is easier than ever.
NEWS
Grand Bahama Island Launches a New Cultural Experience — Catch the new Port Lucaya XPERIENCE at Port Lucaya Market Place in Grand Bahama from 9 a.m. to 2 p.m. every Tuesday and Friday through 10 June of this year, which will feature Bahamian cooking demonstrations, Junkanoo performances, local music, and more.
The Walker's Cay Invitational Fishing Competition Returns — The state-of-the-art Walker's Cay Marina will host its second annual Walker's Cay Invitational from 18 to 21 May, a tournament in which up to 45 boats will compete for the biggest catch.
The Annual Backyard Festival Returns to Harbour Island — Locals and visitors are invited to attend the Annual Backyard Festival on 21 May, to be held on the historic Bay Steet in Harbour Island. Cultural festivities include Bahamian cuisine and a celebratory Junkanoo rushout.
Coral Vita Now Open to the Public — The Earthshot Prize winning coral restoration farm Coral Vita is now open to the public. Starting at $15, visitors can book an interactive tour to learn more about the importance of ocean conservation.
Tropic Ocean Airways Partners with Wheels Up — Tropic Ocean Airways and Wheels Up are providing travellers with a larger selection of bookable flights from Fort Lauderdale to destinations across The Bahamas, including Nassau, Bimini and The Berry Islands.
Western Air Launches New Daily Flights Between Fort Lauderdale and Nassau — Western Air will introduce a daily flight to Nassau from Fort Lauderdale-Hollywood International Airport, beginning 19 May 2022. Travellers can book now without facing any change fees.
The Bahamas Wins Big at HSMAI Adrian Awards — The Bahamas Ministry of Tourism, Investments & Aviation received high honours at this year's HSMAI Adrian Awards, which spotlights excellence in hospitality advertising, digital marketing and public relations. It won two Silver Adrian Awards for its relaunched "Bahamas Agent Program" and "Andros Island" communication efforts within the Recovery Marketing and Integrated Marketing categories, respectively.
PROMOTIONS AND OFFERS
For a complete list of promotions, deals and packages available now for a vacation in The Bahamas, visit www.bahamas.com/deals-packages.
Get 10% Off with Caerula Mar Club's Summer Special — Luxury resort Caerula Mar Club offers guests 10% off stays of four nights or more, if they book directly using the promo code CMGUEST through 31 May 2022. The offer is valid for travel until 8 August 2022.
Get a 5th Night Free at Margaritaville Beach Resort Nassau — Guests who stay at Margaritaville Beach Resort Nassau for four nights can get the fifth night free, plus a $500 food and beverage credit for on-site amenities and restaurants.
PRESS INQUIRIES
Anita Johnson-Patty
Bahamas Ministry of Tourism, Investments & Aviation
ajohnson@bahamas.com
Weber Shandwick
Public Relations
Bahamas@webershandwick.com
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SOURCE The Bahamas Ministry of Tourism, Investments & Aviation | https://www.mysuncoast.com/prnewswire/2022/05/03/whats-new-bahamas-may/ | 2022-05-03T16:53:01Z |
HOUSTON, June 28, 2022 /PRNewswire/ -- Ascend Performance Materials is showcasing its latest materials for e-mobility at the Battery Show Europe this week. Among the products Ascend is exhibiting are a new color-stable grade of its Starflam® flame-retardant polyamides; its new Vydyne® AVS for damping noise, vibration and harshness; and Trinohex® Ultra, its REACH-registered electrolyte additive.
Ascend has developed a color-stable orange grade of its Starflam 525K flame-retardant PA66 that is laser-markable, withstands long-term heat aging over 5,000 hours and retains its electrical properties, including a UL 94 flammability rating of V-0 at 0.2 mm. This new color-stable grade is designed for use in high-voltage connectors and busbars.
Vydyne AVS, Ascend's new anti-vibration material, will also be highlighted. Tailored to dampen the high-frequency vibrations from EV motors and compressors, AVS is an effective NVH solution that mitigates in-cabin noise without adding complexity or weight.
Finally, Ascend will also promote its Trinohex Ultra electrolyte additive, which improves lithium-ion battery performance, safety and longevity. In third-party testing, Trinohex Ultra has demonstrated superior cathode protection across cathode and electrolyte chemistries. This protection leads to a 30% reduction in harmful gas generation and longer-lasting performance, especially in extreme conditions.
"Our goal is to bring new material solutions to the e-mobility space," said Ian van Duijvenboode, Ascend's director for e-mobility. "Our capabilities in application and design engineering, coupled with our extensive materials knowledge, continue to help OEMs overcome some significant challenges in terms of safety, passenger comfort and range."
Ascend is exhibiting at booth 10-C94 at the Battery Show Europe through June 30.
About Ascend Performance Materials
Ascend Performance Materials makes high-performance materials for everyday essentials and new technologies. Our focus is on improving quality of life and inspiring a better tomorrow through innovation. Based in Houston, Texas, and with regional offices in Shanghai, Brussels and Detroit, we are a fully integrated material solutions provider with global manufacturing facilities in North America, Europe and Asia. Our global workforce makes the materials used to make safer vehicles, cleaner energy, better medical devices, smarter appliances and longer-lasting apparel and consumer goods. We are committed to safety, sustainability and the success of our customers and our communities.
Learn more about Ascend at www.ascendmaterials.com.
Contact: Ally Jahn, +1 713-210-9809, ajahn@ascendmaterials.com
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SOURCE Ascend Performance Materials | https://www.kxii.com/prnewswire/2022/06/28/ascend-brings-new-ev-battery-materials-battery-show-europe/ | 2022-06-28T14:58:01Z |
DENVER, June 7, 2022 /PRNewswire/ -- Glocusent, a book reading light expert, has announced the availability of an upgraded version of the Glocusent neck reading light featuring a lighter and slimmer body with an extra timer setting functions. The new neck reading light has been developed based on the feedback of over 60,000 customers who used the original Neck Reading Light, which has been a Best Seller on Amazon for the last three years. The latest one is more lightweight and portable, creating a private reading zone for book lovers to read comfortably at any time.
The Glocusent upgraded neck reading light is designed for an improved immersive reading or knitting experience:
- 3 Eyecare Color Temperatures: The 2 LED heads equally illuminate 3 temperatures based on the user's preference: 1800K blue light filtered for bedtime reading, the amber color soft light reduces eye strain and promotes melanin generation; 3400k warm white light for general novel-reading; 6000k cool white to restore noon light for best concentration.
- 3 Brightness Dimmable: It allows for the brightness to be adjusted based on the surrounding environment, enabling reading with ease.
- Powerful Rechargeable Battery: 1000mAh lithium battery enables continuous light to last for 80 hours and is designed with a safety chip to avoid short circuits. Unlike other rechargeable lights, this neck light is USB-C rechargeable to make it easier for seniors to insert the cord.
- 30-min Timer: Considering many readers fall asleep when reading with the light on, Glocusent added a timer setting to the neck reading light to allow readers to fall asleep without worrying about turning off the light.
- Slim & Light, Strong & Flexible: The neck is only 128g/4.5oz with a width of 0.7in/1.8cm. While wearing on the neck, it has an airy feeling which allows users to enjoy long reading sessions without noticing time flying by. Both arms are made with threaded steel pipe and covered with silicone and it can shift light focus easily without damaging the inner cords.
The original neck reading light was a successful product; the new neck reading light maintains all the positive aspects and has made further improvements and it can be confidently stated that the new neck reading light will be even more successful. This new neck light is now available on Glocusent's Amazon store and website, with more colors coming soon. All Glocusent lights come with a 1.5-year warranty. For more details or to engage with us for a potential partnership, please email service@glocusent.com
About Glocusent:
Glocusent is a lighting product company that believes light is a critical element in capturing magical moments. As an expert in book lights, Glocusent is dedicated to proposing original, novel & trustworthy book lights. Since 2019, Glocusent has brought light to over 1 million customers worldwide and has become one of the most popular online sellers of book lights. Glocusent refers to three core principles: glory, focus, and moments.
Follow Glocusent on Instagram and Facebook for the most up-to-date news.
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SOURCE Glocusent Co., Ltd | https://www.wibw.com/prnewswire/2022/06/08/glocusent-releases-new-generation-neck-reading-light-bring-reading-knitting-experiences-new-level/ | 2022-06-08T02:23:26Z |
Key Television Markets Include:
New York, Los Angeles, Philadelphia, Dallas, Atlanta, San Francisco, Boston, Seattle, Tampa, Detroit, Miami, and Pittsburgh
LOS ANGELES, Aug. 18, 2022 /PRNewswire/ -- Byron Allen's Allen Media Group (AMG) free-streaming digital platform, HBCU GO -- the leading media provider for the nation's 107 Historically Black Colleges and Universities (HBCUs) – proudly announces nationwide clearance for their 2022-23 sports season as part of the new carriage deal with CBS owned-and-operated duopoly stations. Key television markets include: New York, Los Angeles, Philadelphia, Dallas, Atlanta, San Francisco, Boston, Seattle, Tampa, Detroit, Miami, and Pittsburgh. HBCU GO will kick off the fall sports season on September 3rd with a star-studded pre-season show featuring the nation's top Gridiron NFL and Black College Hall of Famers and HBCU alums.
With this new carriage deal, HBCU GO is currently in 60 percent of U.S. television households and 70 percent of African-American households. This news comes on the heels of HBCU GO's recent announcement of the distribution partnership with the Southwestern Athletic Conference (SWAC) and the Central Intercollegiate Athletic Conference (CIAA) -- that grants HBCU GO cable, linear, streaming, broadcast, VOD, and pay-per-view rights to premier NCAA Division 2 HBCU conference sporting events.
In addition to the newly announced CBS owned-and-operated duopoly station clearances, HBCU GO has secured distribution with group-owned television stations including Nexstar, Gray, Cox, Scripps, Tegna, Sinclair, Lockwood, Allen Media Broadcasting, Hearst, Circle City Broadcasting, McKinnon Broadcasting, Cowles, Graham, Block, Sun Broadcasting, Tougaloo College, Sagamore Hill, and Marquee. HBCU GO programming is available on HBCUGO.TV, Roku, Amazon Fire TV, and Apple TV. Viewers can also access programming by downloading the HBCU GO App.
"Allen Media Group is thrilled that the CBS O&O stations have joined our excellent group of broadcast television station partners to increase the reach of HBCU GO's high-quality sports programming," said Byron Allen, Founder/Chairman/CEO of Allen Media Group. "We are proud to amplify these amazing athletes and HBCUs, while at the same time helping to finance the education of these young adults. Now sports fans across the country will have access to best-in-class games from America's HBCUs."
"We are honored to work with our partners at Allen Media Group to bring live broadcasts of HBCU football games to our audiences in 12 major markets," said Wendy McMahon, President and Co-Head, CBS News and Stations. "As a Louisiana native and football fan, I am personally and professionally proud to play a role in having our stations shine a light on Historically Black Colleges and Universities and the student athletes who are living out their dreams both on the field and in the classroom."
For more information about HBCU GO visit HBCUGO.TV or follow us on Facebook, Twitter, YouTube, Instagram. The 2022 HBCU football schedule can be found below.
HBCU GO is a cultural lifestyle destination and leading sports media provider that embraces and represents the voice of Black Excellence every day of the year through an all-new platform that captures the rich history, diversity, perspectives, and cultural experiences at Historically Black Colleges and Universities (HBCUs). HBCU GO also provides a platform for emerging creatives in media production, branding, and broadcasting. We offer our viewers the best in live sports, original series, documentaries, films, comedy, and edutainment programming produced by African-American leading producers, directors, and students from select HBCUs.
Launched in 2012, the free-streaming service HBCU GO was purchased by Byron Allen in 2021 and is part of Byron Allen's Allen Media Group (AMG). AMG is headquartered in Los Angeles with offices in New York, Chicago, Atlanta, and Charleston, SC. AMG owns 27 ABC-NBC-CBS-FOX network affiliate broadcast television stations in 21 U.S. markets and twelve 24-hour HD television networks serving nearly 220 million subscribers: THE WEATHER CHANNEL, THE WEATHER CHANNEL EN ESPAÑOL, PETS.TV, COMEDY.TV, RECIPE.TV, CARS.TV, ES.TV, MYDESTINATION.TV, JUSTICECENTRAL.TV, THEGRIO, THIS TV, and PATTRN. AMG also owns the streaming platforms HBCU GO, THE GRIO STREAMING APP, SPORTS.TV, THE WEATHER CHANNEL STREAMING APP, and LOCAL NOW -- the free-streaming AVOD service powered by THE WEATHER CHANNEL and content partners, which delivers real-time, hyper-local news, weather, traffic, sports, and lifestyle information. For more information, visit: www.entertainmentstudios.com and www.hbcugo.tv
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SOURCE Allen Media Group | https://www.mysuncoast.com/prnewswire/2022/08/18/byron-allens-allen-media-group-announces-hbcu-go-distribution-deal-with-cbs-oampo-duopoly-stations-football-sports-package/ | 2022-08-18T21:45:26Z |
INDIANAPOLIS, Aug. 15, 2022 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced the following promotions today.
Donald G. Frey has been promoted to serve as the Company's Executive Vice President and appointed Treasurer. Mr. Frey has been with Simon for approximately 12 years, most recently as the Company's Senior Vice President and Assistant Treasurer. Prior to Simon, Mr. Frey practiced law at Alston & Bird LLP and Dechert LLP for eight years and has over 20 years of capital markets and legal experience.
Matt Jackson has been promoted to serve as the Company's Senior Vice President and Assistant Treasurer. Mr. Jackson has been with Simon for approximately four years, as the Company's Vice President of Treasury & Capital Markets. Prior to joining Simon, Mr. Jackson spent approximately nine years with The Procter & Gamble Company and served in numerous progressive finance and operational positions.
"We are excited to announce these well-deserved promotions," said Brian J. McDade, Executive Vice President and Chief Financial Officer. "Don and Matt have contributed in valuable ways, including navigating complex, successful re-financings and executing business process improvements. We congratulate Don and Matt on their new roles and look forward to their continued contributions."
About Simon
Simon® is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.
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SOURCE Simon | https://www.wibw.com/prnewswire/2022/08/15/simon-announces-promotions/ | 2022-08-15T11:15:17Z |
- Emergency Funding for at least $180M available to California K-12 Non-Public Schools (NPS) through the American Rescue Plan (ARP) Emergency Assistance to Non-public Schools (EANS II) Program.
- BOX Pure Air is the predominant listed vendor in the Vendor Selection and Services - Federal Stimulus Funding (CA Dept of Education) for Portable Air Purification Systems.
- Deadline For Needs Assessment Extended to April 11, 2022. All submissions need to be received by 5:00 pm. Please contact Ryan Cowell at BOX Pure Air for immediate assistance.
Email: rcowell@boxpureairsolutions.com Phone: (843) 412-9388
CHARLESTON, S.C., April 8, 2022 /PRNewswire/ -- Eligible California Non-public Schools (NPS) have until April 11, 2022 at 5PM Pacific Time to apply for access to over $180 million made available through the American Rescue Plan (ARP) Emergency Assistance to Non-public Schools (EANS) Program which provided for over $5.5B to assist Non-Public Schools that can be utilized to supplement purchases designed to enhance health and safety in schools and classrooms such as Indoor Air Quality (IAQ). The federal government has previously allocated over $121B for our national K-12 Public Schools and in March 2022 the White House highlighted an additional $350B that is available to address improving Indoor Air Quality through its "Clean Air in Buildings Challenge". Clean Indoor Air in schools, buildings, and the places we gather is essential and can no longer be ignored.
BOX Pure Air (www.boxpureair.com) and its commercial-grade solution, built in the USA, products and services are listed in the Vendor Selection and Services to address Indoor Air Quality (IAQ) utilizing HEPA filters and Portable Air Purification Systems. The solutions provided by BOX Pure Air are designed, built and certified to US Government standard and enhance existing room ventilation systems, increase the indoor air exchange rate, filter and purify the air to improve Indoor Air Quality (IAQ) for teachers, students and staff.
The BOX Pure Air products and services on the Vendor Selection include the following:
Portable Air Purification Unit Apex 2.0
Portable Air Purification Unit Peak
Portable Air Purification Unit Mesa
Replacement HEPA Filter - replace every 4 years
Replacement Pre-Filter Set - replace every 6 months
Consulting Services (hourly rate) - Training and professional development for staff on sanitation, the use of PPE, and minimizing the spread of infectious diseases
For more information, please visit the California Department of Education website at https://surveys3.cde.ca.gov/s.asp?k=164789404567
American Rescue Plan Act: Emergency Assistance to Non-Public Schools Program Needs Assessment: California Department of Education
A program sponsored under the American Rescue Plan Act to provide funding to Non-Public Private Schools and eligible Non-Public Schools
As part of the ARP 2021, Public Law 117-2, Public Law 117-2, Congress set aside $2.75 billion of the Governor's Emergency Education Relief Fund specifically to provide emergency assistance to students and teachers in non-public schools (NPS), as defined below, through the ARP EANS program. The purpose of the ARP EANS program is to provide services or assistance to NPS that enroll a significant percentage of students from low-income families and are most impacted by the Coronavirus Disease 2019 (COVID-19) emergency.
The Needs Assessment window is from March 25−April 11, 2022. All submissions need to be received by 5:00 pm on April 11, 2022.
The survey consists of two parts: Part A: Cover Sheet and Part B: Vendor Selection and Services. A completed spreadsheet will be uploaded as an attachment in Part B as an Excel file
The Vendor Selection and Services Excel file is available from the CDE EANS Program Web page. All questions are required except where it is denoted next to the question in parenthesis.
About BOX Pure Air
BOX Pure Air is a subsidiary of SinglePoint Inc (OTC: SING). The company strives to provide the best products to help clean air through the deployment of high-efficiency air purification technologies. Learn more at www.boxpureair.com
Contact Information
843.936.6649
Forward-Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
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SOURCE BOX Pure Air | https://www.kxii.com/prnewswire/2022/04/08/funding-deadline-extended-april-11-indoor-air-quality-iaq-funding-available-private-schools-throughout-california/ | 2022-04-08T14:39:37Z |
Announcement will feature victim's mother, attorneys and Rev. William Barber
CONCORD, N.C., Aug. 8, 2022 /PRNewswire/ -- Virginia Tayara, whose son Brandon Combs was shot and killed by Concord Police Department (CPD) on February 13, will join her attorneys and Repairers of the Breach president Rev. William Barber, for an important announcement tomorrow.
The announcement will be held tomorrow, August 9, at 11:00 AM in front of the federal courthouse in Charlotte, NC (401 West Trade Street). Tayara is represented by Chimeaka White (The White Law Firm) Harry Daniels (The Law Offices of Harry Daniels) and Chance Lynch (Lynch Law). William J. Barber II is an American Protestant minister and social activist. In addition to serving as the president and senior lecturer at Repairers of the Breach, he is also co-chair of the Poor People's Campaign: A National Call for Moral Revival.
Combs' death was ruled a homicide according to documents released earlier this month. Video of the incident, which the CPD still refuses to release publicly, shows Larson firing five rounds at Combs, pausing briefly to report that shots had been fired at the scene, then shooting combs again. While a CPD news release following the shooting claimed a "physical altercation" between Larson and Combs, the video shows that no physical altercation took place.
WHO
Virginia Tayara
Attorney Chimeaka White
Attorney Harry Daniels
Attorney Chance Lynch
Rev. William Barber
WHEN
11:00 AM on Tuesday, August 9, 2022
WHERE
In front of the Federal Courthouse
401 West Trade Street, Charlotte, NC
Tuesday's news conference will begin promptly at 11:00 AM. Media are asked to arrive no later than 10:45 AM.
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SOURCE The Law Offices of Harry M. Daniels LLC | https://www.wibw.com/prnewswire/2022/08/08/important-announcement-concord-police-shooting-tomorrow/ | 2022-08-09T00:29:50Z |
Research reveals SPVs will continue to democratize private asset investing due to their efficient, flexible, and affordable structure
SALT LAKE CITY, June 16, 2022 /PRNewswire/ -- Assure Analytics today announced the availability of its inaugural State of the Special Purpose Vehicle (SPV) Report, an aggregation of millions of data points across private markets which are then analyzed to create relevant insights that are unavailable elsewhere in the industry. This unique acumen enables the global financial industry to make more informed, data-based private investment decisions.
Assure Analytics is the business intelligence unit of Assure, the leading provider of SPVs. SPVs have been used to structure investments and private capital for decades. However, historically they have been expensive and inefficient to use. In 2013, Assure changed that by streamlining the process and lowering the costs for creating, administering and closing SPVs, making them more accessible to deal organizers and investors.
"Assure is helping to democratize investing in private assets," said Jeremy Neilson, CEO and co-founder of Assure. "Traditionally private investing was reserved for a very small niche of uber wealthy investors or venture funds. Now, an entire ecosystem of accredited investors have the opportunity to participate in investing into private assets because the structure of SPVs are extremely flexible, transparent, and affordable. That's why we're seeing a two-fold increase in interest every year from investors wanting to deploy this structure using Assure."
Top findings from the 2022 State of the SPV Report include:
- The median SPV size is $422,000
- 70% of SPVs raise under $1 million
- 6% of SPVs raise more than $5 million
- The median U.S.-led SPV raise was $103,000 with an average of $20,000 per investor
- The median non-U.S.-led SPV was $325,000 with an average of $38,000 per investor
- Over the past six years, the median SPV size has almost doubled while the average investment has more than tripled
- Less than 10% of SPVs collect a management fee
- California organizers are most likely to charge a management fee
- International organizers are least likely to charge a management fee
- SPVs put capital to work and make investor distributions fast. The time to 1st investment is 43 days, and the time to 1st distribution is 2.3 years
The full 2022 State of the SPV Report includes more information on these and other findings. In addition, Assure will continue to release a series of briefs exploring how different segments of the SPV ecosystem leverage SPVs – the first edition takes a look at how angel groups use SPVs and is available for download here.
Assure is the pioneering, industry-leading provider of comprehensive structuring and administrative services for the syndicate and venture investment community. The company offers professional, high-quality services and innovative software that streamlines setting up, closing and managing back-office fund administration for angel and private asset investing. Assure's experience and volume significantly outpaces other fund administrators. Assure's approach, which allows clients to structure and close deals faster, cheaper and with more transparency, helped pave the way for the ascendance of the "super angels," special purpose vehicles and micro VCs. The company has worked with more than 1,400 clients, including Launch, Equity Zen, Republic, Forge, Tribeca Angels, Tech Coast Angels, Gaingels, and Miami Angels, structuring and closing more than 8,500 deals with over $9 billion in assets under administration. Assure offers a full suite of services including special purpose vehicle administration, fund accounting and fund taxes, Exempt Reporting Advisor (ERA) services, KYC/AML services and 506(c) accreditation. For more information about Assure, visit www.assure.co.
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SOURCE Assure | https://www.mysuncoast.com/prnewswire/2022/06/16/assure-analytics-releases-groundbreaking-state-spv-report/ | 2022-06-16T20:15:11Z |
Investment creates nation's largest portfolio of landfill gas-to-RNG development projects
PHOENIX and HOUSTON, May 5, 2022 /PRNewswire/ -- Republic Services, Inc. (NYSE: RSG), a leader in the environmental services industry, and Archaea Energy, Inc. ("Archaea") (NYSE: LFG), the industry-leading renewable natural gas ("RNG") producer in the U.S., today announced a joint venture to develop 39 RNG projects across the country. The partnership, the country's largest RNG portfolio build-out to date, will convert landfill gas into pipeline-quality RNG that can be used for a variety of applications to displace gas from fossil fuels. The initiative is expected to generate substantial progress towards Republic's long-term sustainability goal to beneficially reuse 50% more biogas by 2030.
"Sustainability is a platform for growth at Republic, and our continued investment in landfill gas-to-energy projects delivers meaningful environmental and economic benefits to our stakeholders," said Jon Vander Ark, Republic Services president and chief executive officer. "Market demand for renewable natural gas to reduce greenhouse gas emissions is growing significantly, and providing additional sources of RNG furthers Republic's ambitious sustainability goals, while also helping customers and communities meet their own climate action goals."
Archaea Energy will develop, engineer, construct and operate the RNG facilities, which will be located at Republic Services' landfills in 19 states. Construction is slated to begin on projects in late 2022, with completion and commissioning of the projects planned through 2027. When fully operational, the 39 projects are expected to generate more than 12.5 million MMBtu of RNG annually. The joint venture has signed a gas sale agreement with Republic to provide for the long-term ability to process landfill gas and sell RNG and related environmental attributes.
Archaea Energy will contribute approximately $800 million, and Republic will contribute approximately $300 million for total investment of approximately $1.1 billion into the joint venture over the course of five years.
Archaea is one of the largest RNG producers in the U.S., with an industry-leading RNG platform primarily focused on capturing and converting waste emissions from landfills into low-carbon RNG and electricity. Archaea develops, designs, constructs and operates RNG facilities utilizing an innovative, cost-efficient manufacturing approach to project development which is supported by a commercial strategy focused on long-term, fixed-price contracts.
"We are honored to have been selected as Republic's partner for this monumental joint venture, which is the beginning of a renewable energy platform that will become a critical component of Archaea's mission to achieve best-in-class environmental stewardship and greenhouse gas emissions reductions," said Nick Stork, Archaea's Co-Founder and Chief Executive Officer. "We are focused on long-term, value-oriented capital investments that make a meaningful sustainability impact for future generations. We could not be more aligned in this vision with our partners at Republic, and we look forward to seeing the collective benefit this partnership will deliver to our respective shareholders, partners, and communities."
As a low-carbon fuel, RNG displaces a meaningful amount of greenhouse gas emissions and is increasingly being recognized as a near-term climate strategy to lower the carbon footprint of existing energy assets. Decarbonization efforts are expected to propel demand for RNG, with landfill gas providing greater scale and predictability than other sources for reliable renewable energy production.
The strategic partnership with Archaea Energy is expected to expand Republic Services' renewable energy portfolio to more than 100 projects. It builds on a growing slate of environmental commitments by Republic, including fleet electrification and investments in plastics circularity, to create a more sustainable world.
Moelis & Company LLC is serving as exclusive financial advisor to Republic Services, and Davis Polk & Wardwell LLP and Katz Barron are serving as Republic Services' legal counsel.
About Republic Services
Republic Services, Inc. is a leader in the U.S. environmental services industry. Through its subsidiaries, the Company provides superior service offerings while partnering with customers to create a more sustainable world. For more information, visit RepublicServices.com, or follow us at Facebook.com/RepublicServices, @RepublicService on Twitter or Republic Services on LinkedIn.
About Archaea
Archaea Energy Inc. is one of the largest RNG producers in the U.S., with an industry-leading platform and expertise in developing, constructing, and operating RNG facilities to capture waste emissions and convert them into low carbon fuel. Archaea's innovative, technology-driven approach is backed by significant gas processing expertise, enabling Archaea to deliver RNG projects that are expected to have higher uptime and efficiency, faster project timelines, and lower development costs. Archaea partners with landfill and farm owners to help them transform potential sources of emissions into RNG, transforming their facilities into renewable energy centers. Archaea's differentiated commercial strategy is focused on long-term contracts that provide commercial partners a reliable, non-intermittent, sustainable decarbonizing solution to displace fossil fuels. Additional information is available at www.archaeaenergy.com.
Forward Looking Statements
This press release contains certain forward-looking information about Republic Services and Archaea that is intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Words such as "expect," "will," "may," "anticipate," "plan," "can," "could," and similar expressions are intended to identify forward-looking statements. These statements include information about Republic Services' and Archaea's plans, strategies and prospects. Forward-looking statements are not guarantees of performance. These statements are based upon the current beliefs and expectations of Republic Services' management and Archaea's management and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Among the factors that could cause actual results to differ materially from the expectations expressed in the forward-looking statements are the costs and the timing of commencement and completion of the RNG projects, the rate at which the joint venture can convert landfill gas into RNG, the impact of economic, financial and social conditions in the United States and Republic's ability to realize its sustainability commitments and goals and in their contemplated timeframes. More information on factors that could cause actual results or events to differ materially from those anticipated is included from time to time in Republic Services' and Archaea's reports filed with the Securities and Exchange Commission. Republic Services and Archaea undertake no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
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SOURCE Republic Services, Inc. | https://www.kxii.com/prnewswire/2022/05/05/republic-services-archaea-energy-launch-landmark-joint-venture-develop-39-new-renewable-natural-gas-projects-across-us/ | 2022-05-05T20:59:12Z |
JEKYLL ISLAND -- The staff of The Albany Herald received nine awards that were announced at the Georgia Press Association's 2022 Better Newspaper Contest here on Friday at the Jekyll Island Club Hotel during the group's 135th annual convention.
Staff Writer Alan Mauldin won a first-place award for Business Writing, and the Herald staff received five second-place and three third-place awards in GPA's second-largest newspaper category. Among staff members who were honored for their contributions were Mauldin, Tara Fletcher, Tom Seegmueller and Carlton Fletcher.
"We are honored to be recognized for our work during 2021, most of which occurred during the height of the COVID pandemic," Carlton Fletcher, the Herald's editor, said. "Even with a smaller staff, these results show that a community newspaper like ours can still produce quality work."
The Augusta Press won the Freedom of Information Award, which is given to the newspaper that did the most during 2021 to uphold the principles of the First Amendment and to protect the public’s right to know. The online newspaper and podcast, whose editor is Debbie Van Tuyll, began publishing on Jan. 11, 2021.
Zoe Nicholson of the Savannah Morning News was honored as the winner of GPA’s Emerging Journalist Award. The award goes to a journalist younger than 30 who has less than five years of experience writing professionally for a newspaper in the state, demonstrates excellence, and maintains high standards of quality and ethics.
The Photo of the Year was taken by Ethan Reddish of The Post-Searchlight in Bainbridge. It documents the arrival of Bo, a 34-year-old male elephant, at Elephant Refuge North America in Attapulgus.
The Herald claimed second-place awards for its Local News Coverage; an Online News Project for a series of photo galleries initiated by Tara and Carlton Fletcher documenting life in small southwest Georgia communities; a photo gallery taken by Seegmueller; for the newspaper's Editorial Page, and for its Sports Section.
Third-place honors were awarded for a Lifestyles section featuring a series of articles by Carlton Fletcher on local guitarist Phil Facchini; a Feature Photograph taken by Tara Fletcher, and the newspaper's Page 1 on given dates.
Winners in the GPA Better Newspaper Contest were honored for their outstanding achievements in newspaper journalism. Entries were judged in seven divisions based on circulation. The daily divisions are Division A (circulation of 8,000 or more) and Division B (circulation of 7,999 or less). The weekly divisions are Division C (circulation of 6,000 to 15,000), Division D (circulation of 3,000 to 5,999), Division E (weeklies with circulation of less than 3,000) and Division F (all weekly newspapers with more than 15,000 in circulation and all associate media members of GPA).
This year’s judging was done by members of the Louisiana Press Association. | https://www.albanyherald.com/local/georgia-press-association-announces-better-newspaper-contest-winners/article_8d19dc92-e417-11ec-bd4e-df3dd0496bce.html | 2022-06-04T16:49:10Z |
Scholarship giveaway: McDonald’s franchise owner helping workers go to college
SALINAS, Calif. (KSBW) - Nearly two dozen people are getting a chance to attend college thanks to a California McDonald’s franchise owner’s charitable foundation.
The Raymond Costa family scholarship foundation gave scholarships to 21 McDonald’s employees or their children.
Mohamed Abdulla said he is going into his third year at Cal State Monterey Bay, majoring in molecular biology and a minor in business. His dream is to be a physician’s assistant and help the community.
“it’s kind of personal why I want to be in the medical field. My grandma went through a medical issue, and I felt like I couldn’t do anything to help her,” Abdulla said.
Abdulla came to the U.S. in 2012 from Yemen and is the first in his family to attend college.
“It impacted me but also got me to go to college. To do something, my parents have never done. It means a lot,” Abdulla said.
Abdulla is a McDonald’s employee and has earned $15,000 from the Raymond Costa Family Scholarship Foundation.
Since 2017, the Raymond Costa Family Scholarship Fund has given more than $343,000 in scholarships to 120 employees, many of whom, like Abdulla, are first-generation college-goers.
Many are also Hispanic and Latino.
“Almost all of our crew goes to college somewhere. They are making their lives better, and I’m happy to be a part of that,” Raymond Costa said. “Every year, we look forward to announcing the new candidates. Sometimes, this is the only scholarship they get, and it’s from our foundation and me.”
This year, the 21 scholarships ranged from $1,500 to $5,000.
For Costa, this is personal with growing up working in the fields and losing his father at a young age. Now, he makes it his mission to give back to others.
“I came from working in the fields. I used to move the sprinkler pipe. So, I know what it is,” Costa said. “I’m just blessed that the businesses here can afford to give this money, and I like helping people.”
Copyright 2022 KSBW via CNN Newsource. All rights reserved. | https://www.mysuncoast.com/2022/07/09/scholarship-giveaway-mcdonalds-franchise-owner-helping-workers-go-college/ | 2022-07-09T23:49:04Z |
NEW YORK, April 11, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for NTES, CVS, DLTR, UNH, and SYY.
Click a link below then choose between in-depth options trade idea report or a stock score report.
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- NTES: https://www.investorsobserver.com/lp/pr-options-lp-2/?symbol=NTES&prnumber=041120223
- CVS: https://www.investorsobserver.com/lp/pr-options-lp-2/?symbol=CVS&prnumber=041120223
- DLTR: https://www.investorsobserver.com/lp/pr-options-lp-2/?symbol=DLTR&prnumber=041120223
- UNH: https://www.investorsobserver.com/lp/pr-options-lp-2/?symbol=UNH&prnumber=041120223
- SYY: https://www.investorsobserver.com/lp/pr-options-lp-2/?symbol=SYY&prnumber=041120223
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InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street. We have a wide range of tools to help investors make smarter decisions when investing in stocks or options.
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SOURCE InvestorsObserver | https://www.wibw.com/prnewswire/2022/04/11/thinking-about-trading-options-or-stock-netease-cvs-health-dollar-tree-unitedhealth-group-or-sysco/ | 2022-04-11T14:10:48Z |
10% cash back applies to all in-stadium merchandise and concession purchases and is applied automatically as a statement credit
TYSONS, Va., June 1, 2022 /PRNewswire/ -- PenFed Credit Union, the nation's second-largest federal credit union, and the Washington Nationals Major League Baseball team have partnered to give PenFed members 10% cash back on all in-stadium merchandise and concession purchases at Nationals Park when they use a PenFed credit card through September 30, 2022. PenFed members and Nats fans will receive the cash back* automatically as a statement credit after any food and beverage or retail purchases.
"As a company headquartered in the Washington D.C. region, we are proud to partner with the Nats to offer our members 10% cash back as they cheer on their favorite Major League team in the stadium," said PenFed Credit Union President/CEO and PenFed Foundation CEO James Schenck. "PenFed members will now enjoy the ultimate home field advantage when they make purchases during the ball game."
Nats fans hoping to take advantage of this offer are encouraged to explore PenFed's credit card options here. Benefits of a PenFed credit card include contactless payment, digital wallet, and 24/7 fraud monitoring, chip security, tokenized mobile wallet accounts and more.
About PenFed Credit Union
Established in 1935, Pentagon Federal Credit Union (PenFed) is America's second-largest federal credit union, serving over 2.8 million members worldwide with $35 billion in assets. PenFed Credit Union offers market-leading certificates, checking, credit cards, personal loans, mortgages, auto loans, student loans, and a wide range of other financial services. Our mission is to empower members of our community to achieve their financial well-being. PenFed Credit Union is federally insured by the NCUA and is an Equal Housing Lender. To learn more about PenFed Credit Union, visit PenFed.org, like us on Facebook and follow us @PenFed on Twitter. Interested in working for PenFed? Check us out on LinkedIn. We are proud to be an Equal Employment Opportunity Employer.
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SOURCE PenFed Credit Union | https://www.wibw.com/prnewswire/2022/06/01/penfed-credit-union-washington-nationals-partner-give-penfed-credit-cardholders-10-cash-back-in-stadium-purchases-nationals-park/ | 2022-06-01T22:00:29Z |
Gift gives organization powerful momentum to provide thousands more youth who have big dreams and face systemic obstacles with a paid, professional mentor for 12+ years
PORTLAND, Ore., Aug. 25, 2022 /PRNewswire/ -- The national organization Friends of the Children announced today its network received a $44 million gift from philanthropist MacKenzie Scott. Friends of the Children is the only national mentoring program in the country with paid, professional mentors called "Friends" who walk alongside youth for 12+ years, no matter what. This gift offers powerful momentum for the organization to serve thousands more children, many of whom are in—or at risk of entering—foster care. In just eight years, Friends of the Children has grown from five to 26 locations across the U.S., serving urban, rural and Tribal communities.
"We are honored to kickstart our 30th anniversary of serving children with this extraordinary gift from MacKenzie Scott. This catalytic investment means we will continue expanding across the country to provide a Friend to thousands more youth," said Terri Sorensen, CEO of Friends of the Children - National. "In 2020, nearly 32,000 children ages four to six entered foster care in the U.S. – that's 32,000 children and families who may have avoided foster care involvement if they'd had a Friend by their side."
Of the $44 million, Friends of the Children – National received a $15 million gift and 12 of its chapters received direct gifts totaling $29 million. Those chapters include Austin, Boston, Central Oregon, Chicago, Detroit, Klamath Basin, Los Angeles, Portland, San Francisco, Seattle, Tacoma and Tampa Bay. This is the largest single gift ever received by the organization in its 30-year history. The funding will support the organization in expanding its child and whole-family well-being services to thousands more children and families at new Friends of the Children locations.
"I know from my own experiences that children often face a lot of hard things as they grow up and the love and support I received after my foster care experience allowed me to thrive and see myself for all that I could be," said Simone Biles, youth advocate and Olympic gymnast. "That's why I believe the long-term mentorship that Friends of the Children provides is so meaningful—having just one person who believes in you can truly impact a young person's life. I am excited that MacKenzie Scott is investing in Friends of the Children to empower more youth across the country! In supporting Friends of the Children, it is my hope that more children will have access to a 'Friend' and be inspired to pursue their hopes and dreams in all communities, including my hometown of Houston, Texas."
Read the full press release here.
Media Contact: Ariane Le Chevallier, 971-201-1214, alechevallier@friendsofthechildren.org
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SOURCE Friends of the Children | https://www.wibw.com/prnewswire/2022/08/25/mackenzie-scott-gifts-44-million-friends-children-support-its-long-term-mentoring-model/ | 2022-08-25T13:20:10Z |
Why Kylian Mbappé chose to stay at PSG
By Issy Ronald and Amanda Davies, CNN
Resplendent with a charismatic protagonist, politicians, two of the world’s biggest football clubs, and hundreds of millions of dollars at stake, the Kylian Mbappé saga kept the football world gripped as he oscillated between signing for Real Madrid and staying at Paris-Saint-Germain.
As a World Cup winner at just 19, the second teenager — after Pelé — to score in a World Cup final, and the Ligue 1 top scorer for four consecutive seasons, Mbappé is a once in generation footballer.
The 23-year-old star striker had long been linked with Real Madrid. He was invited to the Spanish club’s academy as an 11-year-old, had posters of Real’s Cristiano Ronaldo on the walls of his childhood bedroom, and had said he wanted to join the now 14-time European Cup winners last year.
The Spanish giants submitted a $188 million bid for Mbappé in August. The deal was close to being struck, and the striker even admitted at the time that he wanted to leave PSG.
“I was honest. I gave a feeling, I gave what I have in my heart,” Mbappé told CNN’s Becky Anderson in December.
So, when the Frenchman extended his contract with PSG instead of signing with Los Merengues, it was a shock — to say the least.
“It was the hardest decision of my life,” Mbappé told CNN’s Amanda Davies on May 23. “I wanted to make the best decision … and that takes time … but I think I made the right decision.”
‘The project is to win always’
Mbappé explained his decision to stay in Paris by repeatedly referencing the “project” being built at PSG.
Despite drawing upon seemingly limitless reserves of money, PSG has so far failed to win a Champions League title, and has an unfortunate knack of imploding in the knockout stages.
Now, it appears the club is altering its approach.
“If I change all the things I want to change in the club,” said Mbappé before pausing and recalibrating. “If the club grows up with me, if I can write the history of the club collectively with the Champions League or individually too, I will be happy with this contract.
“When they showed me this project, I was like, okay it’s interesting. And I want to try. I want to try again,” he said.
Following Mbappé’s decision to stay, other changes seem to be afoot at the Parc des Princes.
“For sure there’s a lot of change that’s going to happen,” club president Nasser Al-Khelaifi told CNN’s Amanda Davies.
“We want to create a new era of Paris Saint-Germain, a new project, fresh air. I think it’s really important that everybody gets motivated again.”
In a press conference announcing his contract extension, however, Mbappé denied that his new contract would give him added clout on or off the pitch.
“As for the project here, you don’t need special responsibility to be invested,” he told reporters.
‘Macron gave me good advice’
Mbappé was born and raised in Bondy, a suburb of Paris 11 kilometers from the city center and, aside from a two-year spell playing for Monaco, has lived in the French capital his entire life.
“He’s Parisian. He’s French. He loves his country. He loves his club,” Al-Khelaifi told CNN. “So he plays for the club for five years [and] there’s a relationship. There’s love between him, the club, the fans, his country.”
Murals dedicated to him are scattered around his former neighborhood where he has become a hero for young footballers there.
On the side of one building, a painting depicts a young Mbappé sleeping, dreaming about representing France. “Love your dream and it will love you in return,” a small caption reads.
As the figurehead of the French team, from a banlieue north of Paris, Mbappé’s value reaches beyond just his performances on the pitch, and into the political arena.
Speaking on the television show Chez Jordan, Paris mayor Anne Hidalgo was effusive in her praise for the young striker.
“Above all, I think that beyond football and results, he is so important, so useful to give hope to our young people… That’s why I want him to stay,” she said.
Even the French President Emmanuel Macron intervened to implore the young star to stay at PSG and in France.
“He gave me good advice,” Mbappé said, “but with all the respect I have for him, it was my decision. I took this advice but afterwards I took my decision.”
“I’m staying and I want to give my best toward the history of the club and my country.”
New money v old money
Qatar Sports Investments (QSi) — the owner of PSG — is a subsidiary of Qatar Investment Authority (QIA), the Qatari state-run sovereign wealth fund.
Since the Qatari group — led by the Emir of Qatar himself — took control of PSG in 2011, the club has spent an estimated $1.5 billion on transfers, won Ligue 1 10 times, even if the Champions League title has proved elusive.
Just six months before Qatar plays host to the World Cup, keeping the likely star of that tournament at the club owned by the Emir has been seen as huge coup.
Real Madrid, according to The New York Times, offered Mbappé a signing bonus of almost $140 million, a net annual salary of more than $26 million and complete control over his image rights.
Backed by vast reserves of state money, PSG countered with a similar signing fee but a far higher annual salary of $65 million, according to Sky Sports.
It signaled a rare occasion on which Real Madrid was unable to match a rival’s financial offer, and a victory for the ‘new money’ clubs bankrolled by the deep pockets of nation-states over the more established ‘legacy’ clubs with sprawling histories behind them.
“What PSG are doing by renewing with Mbappé for a huge amount of money (who knows where and how it’ll be paid) after announcing losses of €700 million in the last few seasons and having a wage burden of €600 million is an INSULT to football. Al-Khelafi is as dangerous as the Super League,” Javier Tebas, president of La Liga, tweeted.
Tebas’ tweet echoed the views of his organization who issued an inflammatory statement once it seemed clear that Mbappé would be staying in France.
“La Liga will file a complaint against PSG before UEFA, the French administrative court and fiscal authorities and European Union authorities to continue to defend the economic ecosystem of European football and its sustainability,” the statement read.
“We know we are doing everything legally, everything in the right way,” Al-Khelaifi told CNN. “And we are very happy. Nobody will destroy our celebration of re-signing Kylian Mbappé.”
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/sports/cnn-sports/2022/05/28/why-kylian-mbappe-chose-to-stay-at-psg/ | 2022-05-29T02:17:41Z |
The company earned 18 badges in total, ranging from Users Most Likely to Recommend to High Performer and Easiest Setup in the Local Marketing, Local SEO and Local Listings Management Categories.
VIENNA, June 28, 2022 /PRNewswire/ -- GenNext Media, dba Surefire Local (www.surefirelocal.com), the leading business intelligence marketing software for small businesses to attract customers, grow profits, and maximize efficiency, announced today the company has been recognized as an industry leader for local marketing software in G2's Summer 2022 Reports.
G2 is the world's largest review platform for software and services used by business owners and professionals to research and compare technology solutions based on peer reviews and synthesized social data. The badges and rankings included in G2's Summer 2022 Reports are based on data provided by real, verified users of the software.
"Our obsession with product, customer service, and our mission to help locally-focused businesses simplify online marketing so they can grow profitably has never changed, which is why it is so humbling to read each and every G2 review from our incredible customers," said Chris Marentis. "Our customers are central to our mission, and being recognized as a leader in several essential categories for success is a testament to the entire Surefire Local organization. I want to say thank you to everyone who took the time to write a review on G2."
Surefire Local earned 18 badges in total in G2's Summer 2022 Report; most notable were: Most Likely to Recommend, Easiest Setup, and High Performer in the Local Marketing, Local SEO and Local Listings Management categories. The company has become an essential tool for locally-focused businesses of all sizes, across many industries. From roofing and HVAC contractors, to lawyers, optometrists, chiropractors, and CPAs, Surefire Local's business intelligence marketing software helps to attract customers, grow profits, and maximize efficiency.
Learn more about Surefire Local's badges and rankings as part of G2's Summer 2022 Reports.
Surefire Local provides business intelligence marketing software for small businesses helping them attract customers, grow profits, and maximize efficiency. Through its flagship product, Surefire Local Marketing Platform™, locally-focused businesses of all sizes can remove digital roadblocks hindering growth, gain insights, and take action to attract and engage new and current customers through measurable, multi-channel marketing.
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SOURCE Surefire Local | https://www.kxii.com/prnewswire/2022/06/28/surefire-local-voted-most-likely-recommend-by-small-business-owners-g2s-summer-2022-reports/ | 2022-06-28T15:06:48Z |
BUENOS AIRES, Argentina (AP) — A man was detained Thursday night after he aimed a handgun at point-blank range toward Argentina’s politically powerful Vice President Cristina Fernández, and President Alberto Fernández said the assassination attempt failed because the gun did not fire.
“A man pointed a firearm at her head and pulled the trigger,” the president said in a national broadcast.
He called it “the most serious incident since we recovered democracy” in 1983 and urged political leaders, and society at large, to repudiate the incident.
Supporters of the vice president have been gathering in the streets surrounding her home since last week, when a prosecutor called for a 12-year sentence for Fernández as well as a life-long prohibition in holding public office as part of a case involving alleged corruption in public works during her 2007-2015 presidency. Fernández, who is not related to the current president, has denied all charges.
The president spoke shortly after video from the scene broadcast on local television channels showed Fernández exiting her vehicle surrounded by supporters outside her home when a man could be seen extending his hand with what looked like a pistol.
The vice president ducked as supporters surrounding the person appeared shocked at what was happening amid the commotion in the Recoleta neighborhood of Argentina’s capital.
The man, whose identity was not released by authorities, was detained seconds into the incident.
The president said the firearm had five bullets “and didn’t fire even though the trigger was pulled.”
There was no indication that the vice president suffered any harm. Her wheareabouts were unknown.
“A person who was identified by those who were close to him who had a gun was detained by (the vice president’s) security personnel,” Security Minister Aníbal Fernández told local cable news channel C5N.
The minister said he wanted to be careful in providing details until the investigation learned more.
Unverified video posted on social media shows the pistol almost touched Fernández’s face.
State-run news agency Télam identified the alleged gunman as Fernando Andrés Zabak, a Brazilian citizen. Officials had not confirmed the information.
Government officials were quick to describe the incident as an assassination attempt.
“When hate and violence are imposed over the debate of ideas, societies are destroyed and generate situations like the one seen today: an assassination attempt,” Economy Minister Sergio Massa said.
Ministers in President Alberto Fernández’s government issued a news release saying they “energetically condemn the attempted homicide” of the vice president. “What happened tonight is of extreme gravity and threatens democracy, institutions and the rule of law,” reads the release.
Former President Mauricio Macri also repudiated the attack. “This very serious event demands an immediate and profound clarification by the judiciary and security forces,” Macri wrote on Twitter.
Patricia Bullrich, president of the opposition Republican Proposal party, criticized the president, saying he is “playing with fire” because “instead of seriously investigating a serious incident, he accuses the opposition and the press, decreeing a national holiday to mobilize activists.”
Tensions have been running high in the upper class Recoleta neighborhood since the weekend, when the vice president’s supporters clashed with police in the streets surrounding her apartment amid an effort by law enforcement officers to clear the area. Following the clashes what had been a strong police presence around the vice president’s apartment was reduced.
When Fernández leaves her apartment every day at around noon, she greets supporters and signs autographs before getting in her vehicle to go to the Senate. She repeats the same routine every evening.
Following the incident, allies of the vice president quickly pointed the finger at the opposition for what they say is hateful speech that promotes violence. In recent days, several key officials have said opposition leaders were looking for a fatality.
“This is a historic event in Argentina that must be a before-and-after,” Buenos Aires Gov. Axel Kicillof said.
Regional leaders also condemned the attack.
“We send our solidarity to the vice president in this attempt against her life,” Venezuela’s President Nicolás Maduro said on Twitter.
Former Brazilian President Luiz Inácio Lula Da Silva, who is a candidate in that nation’s presidential election next month, also expressed solidarity with Fernández, calling her a “victim of a fascist criminal who doesn’t know how to respect differences and diversity.”
___
Associated Press writer Daniel Politi in Santiago, Chile, contributed to this report. | https://cw33.com/news/ap-top-headlines/ap-man-detained-after-pointing-gun-at-argentine-vice-president/ | 2022-09-02T19:14:07Z |
BOULDER, Colo., June 7, 2022 /PRNewswire/ -- New Hope Network's Nutrition Business Journal (NBJ), an Informa Markets brand, unveiled the 2022 Supplement Business Report, finding the supplement market grew 7.5% in 2021, adding $4.15 billion in sales and coming in over $5 billion higher than pre-COVID projections from 2019. The industry ended 2021 at $59.91 billion in annual sales, up from just $43.42 billion five years ago – and is expected to add nearly another $10 billion through 2025. Last year, NBJ's 2021 Supplement Business Report detailed record-breaking 2020 growth of 14.5% for the supplement market, driven by the COVID pandemic.
Vitamins continue to be the largest single category with 31.2% of sales in 2021, but herbs and botanicals—the second largest category—shine when it comes to growth. With the exception of 2020, when general health and immunity demand drove vitamin growth, herbs and botanicals has had the highest category growth since 2014. This has led to a shift in market share, with the category on track to capture 22% of the market by 2025, up from just 18.6% in 2017, indicating a more mainstream market for herbs.
According to NBJ Senior Industry Analyst Claire Morton Reynolds, "While the total market growth of 7.5% seen last year is certainly a normalization of the market, it is less dramatic than the 5.3% that NBJ had previously projected, driven by extended effects of the COVID pandemic on consumer health purchases."
Across sales channels, e-commerce is leading a huge shift in channel dynamics. While growth in the channel dipped from an incredible 87.3% in 2020, the 30% seen in 2021 was still over four times total industry growth. With this growth trajectory, 2024 is expected to be the record year where e-commerce market share in supplement sales is larger than natural and specialty or mass market retail, coming sooner than previously forecasted given the pandemic-related acceleration.
"Consumer habits have changed significantly over the past two years and this report illustrates how categories and channels have shifted in response. The effects of COVID in 2020 and 2021 impacted each facet of the market differently – some are normalizing, some are returning to normal growth curves, and some weren't very impacted," commented NBJ Content & Insights Director Bill Giebler.
Nutrition Business Journal's 2022 Supplement Business Report is available for purchase here. With category-by-category analysis, this report is a keystone reference for understanding how the industry developed in the past year and forecasting where it's heading through 2025.
Earlier this year, NBJ released the 2022 Delivery Format Report, providing a deep dive into how the gap between pill and non-pill market shares has been growing, with gummies now making up 21.3% of supplement sales making them the single largest format by market share. "It's not just COVID and e-commerce that define the last couple of years for supplements. Gummies are a defining component, too, exhibiting the fastest growth among one of the largest format categories," said Giebler. That complete report is available for purchase here.
For information on company plans or corporate subscriptions, please reach out to nbjsubscriptions@newhope.com
Nutrition Business Journal guides decision makers in the nutrition, health, and wellness space in developing their strategy, understanding trends, realizing opportunity, and analyzing potential risks. NBJ's market research reports provide business intelligence and thought leadership to all levels of the nutrition industry. Each report is exhaustively researched by our staff of industry experts and presents an analysis of markets, trends, competition, and strategy in the U.S. and global nutrition industry. Learn more at nutritionbusinessjournal.com.
New Hope Network is at the forefront of the healthy lifestyle products industry. With solutions for the complete supply chain from manufacturers, retailers/distributors, service providers and ingredient suppliers, the network offers a robust portfolio of content, events, data, research and consultative services. Through all its actions, New Hope Network aims to cultivate a prosperous high-integrity CPG and retail ecosystem that creates health, joy and justice for all people and regenerates the planet. For more information visit www.newhope.com.
Informa Markets creates platforms for industries and specialist markets to trade, innovate and grow. We provide marketplace participants around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, targeted digital services and actionable data solutions. We connect buyers and sellers across more than a dozen global verticals, including Pharmaceuticals, Food, Medical Technology and Infrastructure. As the world's leading market-making company, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com.
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SOURCE New Hope Network | https://www.mysuncoast.com/prnewswire/2022/06/07/supplement-market-more-than-5b-higher-than-pre-pandemic-expectations-according-nutrition-business-journals-2022-supplement-business-report/ | 2022-06-07T17:45:16Z |
Two teens sent to the hospital in Atoka Co Crash
Published: Aug. 21, 2022 at 11:10 PM CDT|Updated: 1 hour ago
ATOKA COUNTY, Okla. (KXII) -a single-vehicle crash in Atoka county sent two teens to the hospital.
The crash happened around 11:23 p.m. Saturday night on Forrest Hill road.
Troopers said an unnamed 16-year-old was driving south on Forrest Hill road when his truck drove off the road.
The driver overcorrected and then the truck flipped over, landing on the passenger side.
The driver was flown to Medical City Plano and treated for internal cheat injuries.
His passenger was transported to Alliance Health in Durant and treated for a leg injury.
According to troopers, neither of the teens was wearing seatbelts.
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/08/22/two-teens-sent-hospital-atoka-co-crash/ | 2022-08-22T05:28:42Z |
NEW YORK, May 18, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Upstart, Inc..
Shareholders who purchased shares of UPST during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/upstart-inc-loss-submission-form/?id=27355&from=4
CLASS PERIOD: November 9, 2021 to May 9, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Upstart's AI model could not adequately account for macroeconomic factors such as interest rates that impact the market-clearing price for loans; (2) as a result, Upstart was experiencing a negative impact on its conversion rate; (3) as a result, the Company was reasonably likely to use its balance sheet to fund loans; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis.
DEADLINE: July 12, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/upstart-inc-loss-submission-form/?id=27355&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of UPST during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is July 12, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm | https://www.mysuncoast.com/prnewswire/2022/05/18/shareholder-alert-gross-law-firm-notifies-shareholders-upstart-inc-class-action-lawsuit-lead-plaintiff-deadline-july-12-2022-nasdaq-upst/ | 2022-05-18T10:27:27Z |
Hella Cocktail Co. Secures $5 Million from Whiskey Titan Uncle Nearest's Venture Arm
BROOKLYN, N.Y., June 8, 2022 /PRNewswire/ -- Hella Cocktail Co., a brand of botanically inspired mixers and beverages crafted to elevate cocktail culture for everyone, is proud to announce a $5 million investment from a fellow BIPOC-owned company, Uncle Nearest Premium Whiskey, the fastest-growing American whiskey brand in U.S. history.
From strategy to vision, and from ethos to growth trajectory, the partnership between these two brands truly aligns in every dimension. Standing out with its inclusive category perspective and incredible development, Hella Cocktail Co. secured this investment as part of Uncle Nearest Ventures, which seeks to uplift minority-founded, owned and led spirit companies.
Hella Cocktail Co. was the first BIPOC-founded, owned, and led American beverage brand to be available in all 50 states, and its products are currently sold or used in more than 20,000 stores, bars, hotels, and restaurants. The investment coincides with additional hallmark achievements, including the business' 10-year anniversary and the innovation of a new beverage category with its line of Bitters & Soda. This transformative partnership will propel the brand's next phase of structural growth, funding continued recruitment to Hella's all-star team, stocking warehouses with enough inventory to meet the outpacing demand, and continuing to spread the brand's message of creating a more expansive and inclusive cocktail experience.
The two brands share values and goals that go beyond just business. Both companies are rooted in the diverse backgrounds of their founders and a fundamental dedication to inclusivity. With three leaders of unique heritage, Hella Cocktail Co. inspires confidence in consumers to bring forth their most authentic selves by championing celebration for all.
"We don't see this as just an investment in Hella, but rather an investment in bringing all voices to the table and celebrating different experiences," says Jomaree Pinkard, CEO of Hella Cocktail Co, "This partnership not only enables us to bring our message to more audiences, but aligns us with a fellow minority-owned and led company that understands how integral culture is when creating a successful business. We're thrilled to continue a rapid growth trajectory, as we create premium products where neither taste nor brand values are ever compromised."
Instantly recognizing Hella's deep respect for culture and the incredible way in which this drives the brand's success, the investment from the Uncle Nearest Ventures reflects a new legacy that aims to shape a more diverse landscape for cocktailing.
"Investing in Hella Cocktail Co. was an absolute no brainer," said Fawn Weaver, founder and CEO of Uncle Nearest, Inc. "Our team members were already pairing their Bitters & Soda with Uncle Nearest, so I knew their products were made with excellence. What I didn't know is the brand was founded by three men of African American, Mexican, and Jewish descent. Once I learned that, I reached into Jomaree and said, 'What do you need? It's yours.' We could not be prouder to back these three incredible leaders, who have bootstrapped this brand for a decade, never compromising on quality or messaging, and who have grown their company at such a rapid yet sustained pace that they've proven their brand is here to stay."
To learn more about Hella Cocktail Co. and their non-alcoholic beverage, bitters, and mixer options, visit Hellacocktail.co. For additional information on Uncle Nearest Ventures, visit unclenearest.com/unvf/.
Hella Cocktail Co. is a brand of botanically inspired mixers and beverages that offers daring tastes that elevate and expand cocktail culture for everyone. We are experi-mentors who serve "elevated choice" to these curious experience seekers. Our mission is to inspire confidence in the Hella Curious among us, so that they bring their authentic selves to the table. Because only Hella serves a curated portfolio of cocktailing options, is rooted in the pursuit of bold flavors, and values an inclusive community where all feel invited to gather around the table.
Uncle Nearest Ventures is the investment arm of Uncle Nearest, Inc., created to invest in minority (BIPOC and women) founded, owned, and led brands with the greatest potential to grow into long-standing legacy brands. As the most successful African American founded, owned, and led spirit brand of all time, Uncle Nearest Ventures infuses capital into companies with strong leadership, proven market traction, and a similar excellence as Uncle Nearest in product and delivery. For more information, please visit the Uncle Nearest Ventures website.
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SOURCE Hella Cocktail Co. | https://www.kxii.com/prnewswire/2022/06/08/hella-cocktail-co-celebrates-choice-cocktail-culture-with-new-investment/ | 2022-06-08T13:39:28Z |
One of the world's first widely used sans-serif typefaces, Akzidenz-Grotesk, joins the Monotype family along with more than 700 historic typefaces from the Berthold library.
WOBURN, Mass., Aug. 25, 2022 /PRNewswire/ -- Monotype® today announced that it has acquired the Berthold® inventory of typefaces with unique historical significance in the type industry.
The Berthold library is best known for its celebrated family of Akzidenz-Grotesk® typefaces, one of the world's first widely used sans-serif typefaces which inspired many subsequent type designs including Helvetica®. Akzidenz-Grotesk was created in 1896 and has been used by many of the world's largest brands.
The original Berthold type foundry, H. Berthold AG, was founded in Berlin, Germany in 1858 and built a worldwide reputation for crafting high-quality typefaces. In 1997 Berthold Types Limited acquired the Berthold inventory as well as the distribution rights and maintenance of its digital typefaces. Along with their crown jewel Akzidenz-Grotesk, Berthold's inventory includes much-loved typefaces such as Imago®, Cosmos®, Formata®, Block®, Solemnis® and City®.
Ninan Chacko, Monotype's CEO said, "With this acquisition by Monotype, Berthold's historic typefaces will become part of one of the world's largest type foundries. Our stewardship will increase global visibility of Berthold's inventory, celebrate its legacy, and get these important typefaces in the hands of more creative professionals. But more than that, this acquisition ensures iconic type families including Akzidenz-Grotesk, Imago, and Formata remain as accessible and relevant as other historic typeface families in the Monotype library such as Helvetica® Now, Gotham®, and Neue Frutiger®."
Upon completion of the acquisition, the Berthold library of over 700 typefaces will continue to be sold through http://www.Bertholdtypes.com and http://www.Bertholdwebfonts.com.
Berthold's library will also be delivered as a premium inventory collection through Monotype Fonts combining more than 36,000 typefaces with the expertise of the most sought-after foundries, type designers, and trusted and secure font management.
Deb Gonet, Vice President of the Monotype Studio said, "The H. Berthold AG type foundry was one of the largest and most successful type libraries known for high-quality typefaces. By adding Berthold's classic type library to our Monotype Fonts offering, we are furthering our goal of giving creatives the best and broadest choice of typefaces all in one place."
About Monotype
Monotype creates brands that matter with type, technology, and expertise. The company partners with leading foundries to deliver the broadest inventory of high-quality typefaces in the world. Further information is available at www.monotype.com.
Follow Monotype on Twitter, Instagram and LinkedIn.
Monotype, Berthold, Akzidenz-Grotesk, Helvetica, Frutiger, Imago, Cosmos, Formata, Block, Solemnis, and City are trademarks of Monotype Imaging Inc. registered in the U.S. Patent and Trademark Office and may be registered in certain other jurisdictions. Gotham is a trademark of the Hoefler Type Foundry registered in the U.S. Patent and Trademark Office and may be registered in certain other jurisdictions. All other trademarks are the property of their respective owners.
©2022 Monotype Imaging Holdings Inc. All rights reserved.
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SOURCE Monotype | https://www.kxii.com/prnewswire/2022/08/25/monotype-acquires-bertholds-renowned-typeface-inventory/ | 2022-08-25T19:04:20Z |
STOCKHOLM, June 14, 2022 /PRNewswire/ -- Digital magazine and newspaper app Readly is expanding its US portfolio and signs a total of 23 iconic US magazine titles. These magazines include People, All Recipes and Better Homes & Gardens. With these titles onboard, reaching 200 million people, Readly is well equipped for a ramp-up in the US.
Chris Couchman, Head of Content in the US remarks that the addition of these household titles is another step in being able to deliver American readers the perfect mix of niche titles and well established magazines that they are searching for.
Couchman states, "These magazines are some of the most known and trusted titles in the USA and we are proud to now be able to offer them on the Readly platform. With the addition, Readly will strengthen its US presence through ramped up PR and marketing efforts to capture growth opportunities. We are eager to explore the market potential and our focus now is to put Readly in the hands of more U.S.consumers. I hope to see a significant boost, not only in the US but also in the UK and Australia."
Readly is committed to continually improving its digital offering in the US and the addition of these 23 magazines speaks to its mission to make quality content more accessible than ever before.
Couchman adds, "For publishers, our growing datapool of over 40+ billion data points gives them a deeper understanding of reader behaviour which enables them to become more data driven in their approach to maximising global readership and developing their business. We are delighted to have more US publishers experience this unique dataset with an international lens."
Full list of new US magazines now available on the Readly app:
All Recipes
American Patchwork & Quilting
Better Homes & Gardens
Coastal Living
Cooking Light
Country Home
Do It Yourself
Food & Wine
LIFE
Magnolia Journal
Midwest Living
People
People Royals
Real Simple
Southern Living
Traditional Home
Travel + Leisure
Wood
EatingWell Special Collection
Entertainment Special Collection
Health Special Collection
InStyle Special Collection
Shape Special Collection
About Readly
Readly is the European category leader for digital magazines. The company offers a digital subscription service where customers have unlimited access to 7,500 magazines and newspapers including the catalogue of ePresse. Readly has subscribers in more than 50 countries and content available in 17 different languages. In collaboration with 1200 publishers worldwide, Readly is digitising the magazine and newspaper industry. In 2021, revenues amounted to SEK 466 million. Since September 2020, the Readly share is listed on Nasdaq Stockholm Midcap. For more information, please visit https://corporate.readly.com
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SOURCE Readly | https://www.mysuncoast.com/prnewswire/2022/06/14/readly-signs-iconic-us-magazine-titles/ | 2022-06-14T22:34:49Z |
NEW YORK, July 20, 2022 /PRNewswire/ -- This press release provides shareholders of Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) (the "Fund") with information regarding the sources of the distribution to be paid on July 29, 2022 and cumulative distributions paid fiscal year-to-date.
In December 2021, the Fund implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission. The managed distribution policy seeks to deliver the Fund's long-term total return potential through regular monthly distributions declared at a fixed rate per common share. The policy gives the Fund greater flexibility to realize long-term capital gains throughout the year and to distribute those gains on a regular monthly basis to shareholders. The Board of Directors of the Fund may amend, terminate or suspend the managed distribution policy at any time, which could have an adverse effect on the market price of the Fund's shares.
The Fund's monthly distributions may include long-term capital gains, short-term capital gains, net investment income and/or return of capital for federal income tax purposes. Return of capital includes distributions paid by the Fund in excess of its net investment income and net realized capital gains and such excess is distributed from the Fund's assets. A return of capital is not taxable; rather, it reduces a shareholder's tax basis in his or her shares of the Fund. The amount of monthly distributions may vary depending on a number of factors, including changes in portfolio and market conditions.
At the time of each monthly distribution, information will be posted to cohenandsteers.com and mailed to shareholders in a concurrent notice. However, this information may change at the end of the year because the final tax characteristics of the Fund's distributions cannot be determined with certainty until after the end of the calendar year. Final tax characteristics of all of the Fund's distributions will be provided on Form 1099-DIV, which is mailed after the close of the calendar year.
The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year-to-date from the sources indicated. All amounts are expressed per common share.
You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's managed distribution policy. The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'. The amounts and sources of distributions reported in this Notice are only estimates, are likely to change over time, and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The amounts and sources of distributions year-to-date may be subject to additional adjustments.
*THE FUND WILL SEND YOU A FORM 1099-DIV FOR THE CALENDAR YEAR THAT WILL TELL YOU HOW TO REPORT THESE DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES
The Fund's Year-to-date Cumulative Total Return for fiscal year 2022 (January 1, 2022 through June 30, 2022) is set forth below. Shareholders should take note of the relationship between the Year-to-date Cumulative Total Return with the Fund's Cumulative Distribution Rate for 2022. In addition, the Fund's Average Annual Total Return for the five-year period ending June 30, 2022 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund's Current Annualized Distribution Rate for 2022. The performance and distribution rate information disclosed in the table is based on the Fund's net asset value per share (NAV). The Fund's NAV is calculated as the total market value of all the securities and other assets held by the Fund minus the total liabilities, divided by the total number of shares outstanding. While NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a shareholder's individual investment in the Fund. The value of a shareholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market.
Fund Performance and Distribution Rate Information:
Investors should consider the investment objectives, risks, charges and expense of the Fund carefully before investing. You can obtain the Fund's most recent periodic reports, when available, and other regulatory filings by contacting your financial advisor or visiting cohenandsteers.com. These reports and other filings can be found on the Securities and Exchange Commission's EDGAR Database. You should read these reports and other filings carefully before investing.
Shareholders should not use the information provided here in preparing their tax returns. Shareholders will receive a Form 1099-DIV for the calendar year indicating how to report Fund distributions for federal income tax purposes.
SOURCE: Cohen & Steers, Inc.
Website: https://www.cohenandsteers.com
Symbol: (NYSE: CNS)
About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, and Tokyo.
Forward-Looking Statements
This press release and other statements that Cohen & Steers may make may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the company's current views with respect to, among other things, its operations and financial performance. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates," or the negative versions of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties.
Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.
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SOURCE Cohen & Steers, Inc. | https://www.mysuncoast.com/prnewswire/2022/07/20/cohen-amp-steers-closed-end-opportunity-fund-inc-fof-notification-sources-distribution-under-section-19a/ | 2022-07-21T00:24:58Z |
SAN DIEGO, Sept. 6, 2022 /PRNewswire/ -- Self-care and TED X speaker Patrina Wisdom, creator of the Pure Abundance Retreat in Belize, was inspired by her own healing journey following the suicide death of her husband and the impact that attending and customizing healing retreats had on her family. This three-day retreat takes place in Belize from October 18 to October 23, 2022. Pure Abundance is a week-long transformational experience with multi-generational guides, lush, luxurious jungle surroundings, and personal development for a life of greater abundance.
More than ever, the world requires more self-assured, empowered, and wealthy women who embody their femininity as leaders.
At Pure Abundance, Inc., we understand that women cannot create a life of abundance in an environment that fostered struggle, fear, or scarcity. At the retreat, women will remove themselves from their normal environment and create the space to center themselves and focus on self-care.
"Our retreat participants enjoy six days and five nights of healing and expansion in paradise. A time for sacred self-care, childlike play, healing, sisterhood, and community, as well as the release of the abundance they deserve. says Patrina.
Patrina adds, "If I'm being honest, I'm typically the only woman of color in personal/spiritual development-focused retreat spaces. I desired to create a space where all high-achieving women from diverse cultures and backgrounds could be vulnerable and supported by the community. A place where you can arrive feeling burned out, overwhelmed, stagnant, or even broken during a time of transition and leave feeling re-energized, re-imagined, and as the most powerful and abundant version of yourself".
Pure Abundance is a purposefully designed and meticulously curated boutique retreat. They only accept 10 participants per retreat and tailor each retreat's journey to fulfill the intention of each individual participant and provide the transformation that each woman came to the retreat seeking.
Attendees have reported leaving the retreat with a renewed sense of self, sacred self-care practices that they can implement once they return home, and the tools and confidence to establish and maintain better boundaries in their lives.
Visit https://pureabundanceretreat.com/ for additional details on the Pure Abundance Retreat.
Patrina Wisdom is an Abundance Activator, serial entrepreneur, best-selling author, financial expert, educator, retreat host, and podcaster. She is also a Badass Bodacious Mom. This Ted X Speaker is on a mission to LEAD, INSPIRE, and EMPOWER women to stand in their own personal authority and create the best life possible with her Badass Bodacious Life Movement. The Badass Bodacious Life Movement is providing women all across the country with the resources they require to assume the role of chief executive officer of their own lives.
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SOURCE Patrina Wisdom | https://www.wibw.com/prnewswire/2022/09/06/self-care-author-patrina-wisdom-providing-women-with-path-empower-their-lives-through-her-pure-abundance-belize-retreat/ | 2022-09-06T22:16:27Z |
Bebtelovimab continues to maintain neutralization against all known variants of interest and concern
INDIANAPOLIS, June 29, 2022 /PRNewswire/ -- Eli Lilly and Company (NYSE: LLY) today announced a modified purchase agreement with the U.S. government to supply an additional 150,000 doses of bebtelovimab for approximately $275 million. The existing U.S. government supply of bebtelovimab, including the new purchase, is expected to meet present demand through late August 2022. Bebtelovimab continues to maintain neutralization activity against the most common, and fastest growing, Omicron variants (BA.2.12.1 and BA.4/BA.5) in the United States, in addition to all known variants of interest and concern.
"Lilly and its collaborators have partnered closely with the federal government throughout the pandemic to ensure broad and equitable access to our monoclonal antibodies," said David A. Ricks, Lilly's chair and CEO. "While Congress works toward additional COVID-19 funding, Lilly and the U.S. government will continue to work together to support the availability of bebtelovimab to maximize equity and accessibility in the U.S. market."
Delivery of doses will begin immediately and complete no later than August 5, 2022. The 2022 estimated financial impact of this agreement is approximately $275 million of revenue and approximately $0.08 of EPS. An option for an additional 350,000 doses to be exercised no later than September 14, 2022 will remain in the agreement.
This purchase has been supported in whole or in part with federal funds from the Department of Health and Human Services; Office of the Assistant Secretary for Preparedness and Response; Biomedical Advanced Research and Development Authority (BARDA), under contract number W58P0522C0012.
Important Information about bebtelovimab
Bebtelovimab has not been approved, but has been authorized for emergency use by the FDA under an EUA, for the treatment of mild-to-moderate COVID-19 in adults and pediatric patients (12 years of age and older weighing at least 40 kg) with positive results of direct SARS-CoV-2 viral testing, and who are at high risk for progression to severe COVID-19, including hospitalization or death and for whom alternative COVID-19 treatment options approved or authorized by FDA are not accessible or clinically appropriate.
The emergency use of bebtelovimab is authorized only for the duration of the declaration that circumstances exist justifying the authorization of the emergency use of drugs and biological products during the COVID-19 pandemic under Section 564(b)(1) of the Act, 21 U.S.C. § 360bbb-3(b)(1), unless the declaration is terminated or authorization is revoked sooner.
Healthcare providers should review the Fact Sheet for Healthcare Providers for information on the authorized use of bebtelovimab and mandatory requirements of the EUA. Please also see the FDA Letter of Authorization and the Fact Sheet for Patients, Parents and Caregivers on the authorized use of bebtelovimab.
Authorized Use and Important Safety Information
Bebtelovimab is authorized for use under Emergency Use Authorization (EUA) for the treatment of mild-to-moderate coronavirus disease 2019 (COVID-19) in adults and pediatric patients (12 years of age and older weighing at least 40 kg):
- with positive results of direct SARS-CoV-2 viral testing, and
- who are at high riski for progression to severe COVID-19, including hospitalization or death, and
- for whom alternate COVID-19 treatment options approved or authorized by FDA are not accessible or clinically appropriate.
LIMITATIONS OF AUTHORIZED USE
Bebtelovimab is not authorized for treatment of mild-to-moderate COVID-19 in geographic regions where infection is likely to have been caused by a non-susceptible SARS-CoV-2 variant based on available information including variant susceptibility to this drug and regional variant frequency.
- FDA will monitor conditions to determine whether use in a geographic region is consistent with this scope of authorization, referring to available information, including information on variant susceptibility, and CDC regional variant frequency data available at: https://covid.cdc.gov/covid-data-tracker/#variant-proportions.
- FDA's determination and any updates will be available at: https://www.fda.gov/emergency-preparedness-and-response/mcm-legal-regulatory-and-policy-framework/emergency-use-authorization#coviddrugs
Bebtelovimab is not authorized for use in patients who:
- are hospitalized due to COVID-19, OR
- require oxygen therapy and/or respiratory support due to COVID-19, OR
- require an increase in baseline oxygen flow rate and/or respiratory support due to COVID-19 and are on chronic oxygen therapy and/or respiratory support due to underlying non-COVID-19 related comorbidity.
Treatment with bebtelovimab has not been studied in patients hospitalized due to COVID-19. Monoclonal antibodies, such as bebtelovimab, may be associated with worse clinical outcomes when administered to hospitalized patients with COVID-19 requiring high flow oxygen or mechanical ventilation.
Important Safety Information
There are limited clinical data available for bebtelovimab. Serious and unexpected adverse events may occur that have not been previously reported with bebtelovimab use.
WARNINGS
Hypersensitivity Including Anaphylaxis and Infusion-Related Reaction
Serious hypersensitivity reactions, including anaphylaxis, have been observed with administration of other SARS-CoV-2 monoclonal antibodies and could occur with administration of bebtelovimab. If signs and symptoms of a clinically significant hypersensitivity reaction or anaphylaxis occur, immediately discontinue administration, and initiate appropriate medications and/or supportive care.
Infusion-related reactions, which may occur up to 24 hours after the injection, have been observed in clinical trials of bebtelovimab when administered with other monoclonal antibodies and may occur with use of bebtelovimab alone. These reactions may be severe or life threatening. Signs and symptoms of infusion-related reactions may include:
- fever, difficulty breathing, reduced oxygen saturation, chills, fatigue, arrhythmia (e.g. atrial fibrillation, sinus tachycardia, bradycardia), chest pain or discomfort, weakness, altered mental status, nausea, headache, bronchospasm, hypotension, hypertension, angioedema, throat irritation, rash including urticaria, pruritus, myalgia, vasovagal reactions (e.g. pre-syncope, syncope), dizziness, and diaphoresis.
Administer appropriate medications and/or supportive care if an infusion-related reaction occurs. Hypersensitivity reactions occurring more than 24 hours after the injection have also been reported with the use of SARS-CoV-2 monoclonal antibodies under Emergency Use Authorization.
Clinical Worsening After Monoclonal Antibody Administration
Clinical worsening of COVID-19 after administration of SARS-CoV-2 monoclonal antibody treatment has been reported and may include signs or symptoms of fever, hypoxia or increased respiratory difficulty, arrhythmia (e.g., atrial fibrillation, sinus tachycardia, bradycardia), fatigue, and altered mental status. Some of these events required hospitalization. It is not known if these events were related to SARS-CoV-2 monoclonal antibody use or were due to progression of COVID-19.
Limitations of Benefit and Potential Risk in Patients with Severe COVID-19
Treatment with bebtelovimab has not been studied in patients hospitalized due to COVID-19. Monoclonal antibodies, such as bebtelovimab, may be associated with worse clinical outcomes when administered to hospitalized patients with COVID-19 requiring high-flow oxygen or mechanical ventilation. See Limitations of Authorized Use.
Adverse Reactions
Adverse reactions observed in those who have received bebtelovimab alone or in combination with bamlanivimab and etesevimab, at the authorized dose or higher are infusion-related reactions (n=2, 0.3%), pruritus (n=2, 0.3%) and rash (n=5, 0.8%). The most common treatment-emergent adverse events observed in subjects treated with bebtelovimab, alone or in combination with bamlanivimab and etesevimab, at the authorized dose or higher included nausea (0.8%) and vomiting (0.7%).
USE IN SPECIFIC POPULATIONS
Pregnancy
Severe hypersensitivity reactions and infusion-related reactions, have been observed with administration of bebtelovimab, including in pregnant patients. Pregnant patients who develop severe hypersensitivity and infusion-related reactions should be managed appropriately, including obstetrical care. There are insufficient data to evaluate a drug-associated risk of major birth defects, miscarriage, or adverse maternal or fetal outcomes. Bebtelovimab should only be used during pregnancy if the potential benefit outweighs the potential risk for the mother and the fetus.
Breastfeeding
There are no available data on the presence of bebtelovimab in human or animal milk, the effects on the breastfed infant, or the effects on milk production. Breastfeeding individuals with COVID-19 should follow practices according to clinical guidelines to avoid exposing the infant to COVID-19.
About bebtelovimab
Bebtelovimab (LY-CoV1404; LY3853113) is a neutralizing IgG1 monoclonal antibody (mAb) directed against the spike protein of SARS-CoV-2 that maintains binding and neutralizing activity across currently known and reported variants of concern. Bebtelovimab has been studied for the treatment of mild-to-moderate COVID-19 both as a monotherapy and together with other mAbs. Lilly has licensed and developed bebtelovimab after it was discovered by AbCellera and the scientists at the National Institute of Allergy and Infectious Diseases (NIAID) Vaccine Research Center.
About BLAZE-4
BLAZE-4 is a Phase 2, randomized clinical trial evaluating treatment of subjects with mild-to-moderate COVID-19 (subjects with COVID-19 symptoms who are not hospitalized). The data supporting this EUA for treatment of mild-to-moderate COVID-19 are primarily based on analyses of data from the Phase 2 BLAZE-4 trial (NCT04634409), treatment arms 9-14. This trial evaluated the clinical safety and efficacy from subjects receiving 175 mg bebtelovimab, alone and together with 700 mg bamlanivimab and 1,400 mg of etesevimab. The authorized dosage of bebtelovimab is 175 mg given as an intravenous injection over at least 30 seconds. Clinical data confirm the neutralizing ability of bebtelovimab. The trial enrolled subjects who were not hospitalized and had 1 or more COVID-19 symptoms that were at least mild in severity.
About Lilly's COVID-19 Efforts
Lilly has utilized the full force of its expertise to develop the first monoclonal antibody authorized for Emergency Use (EUA) by the U.S. Food and Drug Administration (FDA) – bamlanivimab, followed by the authorization of bamlanivimab with etesevimab and, most recently, bebtelovimab. The authorized dose of bebtelovimab is 175 mg given as an intravenous injection over at least 30 seconds.
While bamlanivimab together with etesevimab are not authorized for use in the U.S., at this time, the FDA will monitor conditions to determine whether use in a geographic region is medically appropriate, referring to available information, including information on variant susceptibility, and CDC regional variant frequency data available at: https://covid.cdc.gov/covid-data-tracker/#variant-proportions.
To date, over 700,000 patients have been treated with Lilly's monoclonal antibodies in the U.S., potentially preventing more than 35,000 hospitalizations and at least 14,000 deaths during the worst of the pandemic. Click here for resources related to Lilly's COVID-19 efforts.
About Eli Lilly and Company
Lilly unites caring with discovery to create medicines that make life better for people around the world. We've been pioneering life-changing discoveries for nearly 150 years, and today our medicines help more than 47 million people across the globe. Harnessing the power of biotechnology, chemistry and genetic medicine, our scientists are urgently advancing new discoveries to solve some of the world's most significant health challenges, redefining diabetes care, treating obesity and curtailing its most devastating long-term effects, advancing the fight against Alzheimer's disease, providing solutions to some of the most debilitating immune system disorders, and transforming the most difficult-to-treat cancers into manageable diseases. With each step toward a healthier world, we're motivated by one thing: making life better for millions more people. That includes delivering innovative clinical trials that reflect the diversity of our world and working to ensure our medicines are accessible and affordable. To learn more, visit Lilly.com and Lilly.com/newsroom or follow us on Facebook, Instagram, Twitter and LinkedIn. P-LLY
Lilly Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements (as that term is defined in the Private Securities Litigation Reform Act of 1995) about bebtelovimab as a potential therapy for patients with COVID-19, the supply, distribution and contracts with governments relating to bebtelovimab, and Lilly's development plans, and reflects Lilly's current beliefs and expectations. However, as with any such undertaking, there are substantial risks and uncertainties in the process of drug research, development and commercialization. Among other things, there can be no guarantee that future study results will be consistent with the results to date, that bebtelovimab will prove to be a safe and effective treatment for COVID-19, that bebtelovimab will receive regulatory approvals or additional authorizations, that patients will volunteer to participate in clinical trials or achieve positive outcomes, that Lilly will obtain any additional purchase orders or supply contracts, or that Lilly can provide an adequate supply of bebtelovimab in all circumstances. For a further discussion of these and other risks and uncertainties that could cause actual results to differ from Lilly's expectations, please see Lilly's most recent Forms 10-K and 10-Q filed with the U.S. Securities and Exchange Commission. Lilly undertakes no duty to update forward-looking statements.
For information on medical conditions and factors associated with increased risk for progression to severe COVID-19, see the Centers for Disease Control and Prevention (CDC) website: https://www.cdc.gov/coronavirus/2019-ncov/need-extra-precautions/people-with-medical-conditions.html. Healthcare providers should consider the benefit-risk for an individual patient.
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SOURCE Eli Lilly and Company | https://www.mysuncoast.com/prnewswire/2022/06/29/lilly-will-supply-an-additional-150000-doses-bebtelovimab-us-government-ongoing-effort-provide-covid-19-treatment-options/ | 2022-06-29T12:39:06Z |
TARRYTOWN, N.Y., July 6, 2022 /PRNewswire/ -- Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) today announced that it will report its second quarter 2022 financial and operating results on Wednesday, August 3, 2022, before the U.S. financial markets open. The Company will host a conference call and simultaneous webcast at 8:30 AM Eastern Time that day.
Conference Call Information
Participants may access the conference call live via webcast on the 'Investors and Media' page of Regeneron's website at https://investor.regeneron.com/events-and-presentations. To participate via telephone, please register in advance at this link. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique passcode and registrant ID that can be used to access the call. A replay of the conference call and webcast will be archived on the Company's website for at least 30 days.
About Regeneron
Regeneron (NASDAQ: REGN) is a leading biotechnology company that invents, develops and commercializes life-transforming medicines for people with serious diseases. Founded and led for nearly 35 years by physician-scientists, our unique ability to repeatedly and consistently translate science into medicine has led to nine FDA-approved treatments and product candidates in development, almost all of which were homegrown in our laboratories. Our medicines and pipeline are designed to help patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, pain, hematologic conditions, infectious diseases and rare diseases.
Regeneron is accelerating and improving the traditional drug development process through our proprietary VelociSuite® technologies, such as VelocImmune®, which uses unique genetically humanized mice to produce optimized fully human antibodies and bispecific antibodies, and through ambitious research initiatives such as the Regeneron Genetics Center, which is conducting one of the largest genetics sequencing efforts in the world.
For more information, please visit www.Regeneron.com or follow @Regeneron on Twitter.
Contact Information:
Investor Relations
Ryan Crowe
914.847.8790
ryan.crowe@regeneron.com
Corporate Communications
Christina Chan
914.847.8827
christina.chan@regeneron.com
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SOURCE Regeneron Pharmaceuticals, Inc. | https://www.wibw.com/prnewswire/2022/07/06/regeneron-report-second-quarter-2022-financial-operating-results-host-conference-call-webcast-august-3-2022/ | 2022-07-06T21:16:44Z |
Harte Hanks to Help Drive New Lead Generation, Monitor Performance, and Support Implementation
CHELMSFORD, Mass., May 31, 2022 /PRNewswire/ -- Harte Hanks Inc. (NASDAQ: HHS), a leading global customer experience company focused on bringing companies closer to customers for nearly 100 years, announced today that it has been awarded a new business assignment by a leading employee screening services company to provide a wide scope of B2B sales and marketing support services.
Harte Hanks was selected based on its strong track record of providing seamless support and integration with B2B sales operations seeking to accelerate their growth.
The new relationship manager for this compliance-driven company commented: "Our goal was to find a partner that has the experience and ability to quickly integrate with our existing B2B sales operation and platforms while providing us with cost-efficient but effective solutions to help us achieve our new business goals. We were incredibly impressed by the ability of the Harte Hanks team to dedicate resources, build training and implement quickly to drive new business sales performance."
As part of the program, Harte Hanks will provide our client's sales team with a range of services to enhance their B2B sales efforts, including new lead generation, appointment setting, education and nurturing, and sales performance tracking.
"We're excited to have the opportunity to work with this innovative leader," says Ben Chacko, Managing Director, Harte Hanks Customer Care. "This agreement further demonstrates our leadership in providing clients with a cost-efficient solution that enables growth while maximizing and preserving their internal methodology and systems."
Don Aicklen, SVP Harte Hanks Sales & Marketing, notes: "Our customers seek partners who have the infrastructure and ability to quickly measure and optimize performance. Harte Hanks will continue to leverage the talent and capabilities of our Customer Care and Marketing Services segments to provide unparalleled solutions for our clients. These capabilities are a vital component of new business growth and expansion strategies in today's marketplace."
Harte Hanks (Nasdaq: HHS) is a leading global customer experience company whose mission is to partner with clients to provide them with CX strategy, data-driven analytics and actionable insights combined with seamless program execution to better understand, attract and engage their customers.
Using its unparalleled resources and award-winning talent in the areas of Customer Care, Fulfillment and Logistics, and Marketing Services, Harte Hanks has a proven track record of driving results for some of the world's premier brands, including Bank of America, GlaxoSmithKline, Unilever, Pfizer, HBOMax, Volvo, Ford, FedEx, Midea, Sony and IBM among others. Headquartered in Chelmsford, Massachusetts, Harte Hanks has over 2,500 employees in offices across the Americas, Europe and Asia Pacific.
For more information, visit hartehanks.com.
For media inquiries, contact Jennifer London at Jen.London@HarteHanks.com
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SOURCE Harte Hanks, Inc. | https://www.wibw.com/prnewswire/2022/05/31/harte-hanks-selected-b2b-lead-generation-program/ | 2022-05-31T17:00:12Z |
ATLANTA, July 20, 2022 /PRNewswire/ -- MetroCity Bankshares, Inc. (NASDAQ: MCBS) announced today that its board of directors declared a quarterly cash dividend of $0.15 per share on its common stock. The cash dividend is payable on August 12, 2022 to shareholders of record as of August 3, 2022.
About MetroCity Bankshares, Inc.
MetroCity Bankshares, Inc. is a Georgia corporation and a bank holding company for its wholly-owned banking subsidiary, Metro City Bank, which is headquartered in the Atlanta metropolitan area. Metro City Bank currently operates 19 full-service branch locations in multi-ethnic communities in Alabama, Florida, Georgia, New York, New Jersey, Texas and Virginia. To learn more about Metro City Bank, visit www.metrocitybank.bank.
Contact Information
Farid Tan
770-455-4978
faridtan@metrocitybank.bank
Lucas Stewart
678-580-6414
lucasstewart@metrocitybank.bank
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SOURCE MetroCity Bankshares, Inc. | https://www.mysuncoast.com/prnewswire/2022/07/20/metrocity-bankshares-inc-declares-quarterly-cash-dividend/ | 2022-07-20T19:53:12Z |
INTERNATIONAL GAME TECHNOLOGY PLC REPORTS SECOND QUARTER 2022 RESULTS
Published: Aug. 2, 2022 at 6:40 AM EDT|Updated: 35 minutes ago
Revenue of $1.02 billion, down 2% as reported and up 3% at constant currency, led by 23% growth in Global Gaming
Operating income of $228 million; operating income margin of 22% at high end of outlook on substantial increase in Global Gaming profitability and resilience in Global Lottery margin
Adjusted EBITDA of $409 million, in line with prior year's record level at constant currency as Global Gaming performance offsets Lottery discrete benefits in the prior year; 40% adjusted EBITDA margin remains among the highest in Company history
Recognized a non-operating expense of $150 million representing the probable loss associated with legal proceedings related to Double Down Interactive LLC and its social gaming business sold in 2017
Diluted EPS from continuing operations of $(0.02); Adjusted diluted EPS from continuing operations of $0.57, up 78% from the prior year
Compelling shareholder returns with $135 million deployed for cash dividends and share repurchases year-to-date
Tightening full-year 2022 revenue outlook to reflect currency movements and perimeter impact from previously announced divestiture; reconfirming operating income margin outlook as fundamentals remain strong
LONDON, Aug. 2, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) today reported financial results for the second quarter ended June 30, 2022. Today, at 8:00 a.m. EDT, management will host a conference call and webcast to present the results; access details are provided below.
"Strong customer and player demand for IGT's products and solutions drove some of our strongest profit results ever in the second quarter and first half of the year," said Vince Sadusky, CEO of IGT. "Our business profile is supported by significant recurring revenue streams backed by long-term contracts and resilient end markets, providing a solid foundation on which to grow. We are laser focused on executing our strategic objectives and creating compelling value for our stakeholders."
"Our first half results set us firmly on the path to achieving our 2022 financial targets," said Max Chiara, CFO of IGT. "Rigor on costs and incremental revenue opportunities allow us to maintain our full-year operating income margin outlook despite unfavorable currency movements and macroeconomic challenges. At the same time, we are returning significant capital to shareholders via dividends and share repurchases."
Overview of Consolidated Second Quarter 2022 Results
Key Highlights:
Recently completed acquisition of iSoftBet, a leading iGaming content provider and third-party aggregator, greatly expanding the Company's proprietary content library and providing a world-class game aggregation platform
Won "Lottery Supplier of the Year" at 2022 SBC Awards North America in July
Introduced high-performing Money Mania wide area progressive game to commercial gaming jurisdictions following a successful launch in tribal casinos
Signed agreement with NUSTAR Resort & Casino to deploy IGT ADVANTAGE™ casino management system and a variety of leading games and cabinets
Announced expanded sports betting partnership with SuperBook® Sports to Tennessee, the fourth state where IGT's PlaySports platform is powering the SuperBook Sports mobile betting app
Awarded a gold medal sustainability rating from EcoVadis, a leading sustainability rating agency
Recently released 2021 Sustainability Report which outlines the Company's demonstrated environmental, social, and governance (ESG) performance
Financial Highlights: Consolidated revenue of $1.02 billion, down 2% as reported, or up 3% at constant currency, from $1.04 billion in the prior year
Global Lottery revenue of $648 million compared to $725 million in the prior-year period, which included $70 million in prior-year benefits primarily from the closure of gaming halls in Italy
Global Gaming revenue increases 21%, or 23% at constant currency, to $330 million, driven by strong U.S. & Canada replacement unit demand, higher average selling prices, and increased installed base yields
Digital & Betting revenue of $43 million, stable with the prior year, as iCasino growth in the U.S. is partially offset by softness in other markets; North America sports betting market gross gaming revenue impacted by lower hold levels
Operating income of $228 million, down 7% as reported, or up 1% at constant currency, from $244 million in the prior-year period
Global Lottery operating income down, primarily due to about $60 million related to prior-year benefits referenced above
Global Gaming rises on higher revenue and profit flow through, partially offset by increased supply chain costs
Digital & Betting operating income of $8 million was relatively stable with the prior year
Adjusted EBITDA of $409 million matches prior year's record level at constant currency; Adjusted EBITDA margin of 40% remains among the highest in Company history
Net interest expense of $75 million compared to $91 million in the prior year, driven by lower average debt balances and interest rates
During the second quarter, the Company recognized a pre-tax non-operating expense of $150 million ($114 million after tax) representing the probable loss associated with ongoing litigation (Benson v. Double Down Interactive LLC, No. 2:18-cv-00525 (W.D. Wash.)) and associated claims related to Double Down Interactive LLC and its social gaming business sold in 2017 by International Game Technology, a wholly-owned subsidiary of the Company
Income tax benefit of $11 million compared to a provision of $32 million in the prior year, primarily driven by recognition of the non-operating expense mentioned above and foreign exchange losses in the prior year with no tax benefit
Income from continuing operations of $34 million versus a loss from continuing operations of $39 million in the prior-year period, driven by income tax benefit, gains in foreign exchange, and lower debt retirement costs
Net loss attributable to IGT PLC of $4 million compared to net income of $306 million in the prior year due to gain on sale and income from discontinued operations in the prior-year period
Net loss from continuing operations attributable to IGT PLC per diluted share of $0.02 compared to a net loss from continuing operations attributable to IGT per diluted share of $0.48 in the prior year, on higher net income; adjusted net income per diluted share increased 78% to $0.57
Net debt of $5.7 billion compared to $5.9 billion at December 31, 2021; Net debt leverage of 3.5x was stable compared to December 31, 2021
Cash and Liquidity Update
Total liquidity of $2.1 billion as of June 30, 2022; $0.7 billion in unrestricted cash and $1.5 billion in additional borrowing capacity
Executed amendment and extension of revolving credit facilities in July 2022
Other Developments The Company's Board of Directors declared a quarterly cash dividend of $0.20 per common share
Ex-dividend date of August 15, 2022
Record date of August 16, 2022
Payment date of August 30, 2022
Repurchased 750,000 shares for $15 million in the second quarter at an average price of $20.48 per share; 2.2 million shares repurchased for $54 million on a year-to-date basis at an average price of $24.89 per share
The Company expects to close on the sale of its Italian proximity payments/commercial services business in mid-to-late September
Tightening Full-year Revenue Outlook for Currency Rates and Business Disposition; Introducing Third Quarter 2022 Outlook Full Year
Revenue of $4.1 billion - $4.2 billion
Operating income margin of 20% - 22% remains unchanged
Cash from operations of $850 - $950 million
Capital expenditures of approximately $350 million, lowered by $50 million to adjust for updated timing of spending
Free cash flow outlook remains unchanged
Third Quarter
Revenue of approximately $1.0 billion - $1.1 billion
Operating income margin of 18% - 20% includes approximately 150 - 200 basis point impact from project-related expenses
Outlook assumptions
EUR/USD exchange rate of 1.00 in the second half of 2022
Impact from sale of Italian proximity payments/commercial services business in mid-to-late September 2022
Operating income margin includes approximately 150 - 200 basis point impact from project-related and restructuring expenses expected in the second half of 2022
Earnings Conference Call and Webcast August 2, 2022, at 8:00 a.m. EDT
To register to participate in the conference call, or to listen to the live audio webcast, please visit the "Events Calendar" on IGT's Investor Relations website at www.IGT.com. A replay will be available on the website following the live event.
Comparability of Results All figures presented in this news release are prepared under U.S. GAAP, unless noted otherwise. Adjusted figures exclude the impact of items such as purchase accounting, impairment charges, restructuring expense, foreign exchange, and certain one-time, primarily transaction-related items. Reconciliations to the most directly comparable U.S. GAAP measures are included in the tables in this news release. Constant currency changes for 2022 are calculated using the same foreign exchange rates as the corresponding 2021 period. Management uses non-GAAP financial measures to understand and compare operating results across accounting periods, for internal budgeting and forecasting purposes, and to evaluate the Company's financial performance. Management believes these non-GAAP financial measures reflect the Company's ongoing business in a manner that allows for meaningful period-to-period comparisons and analysis of business trends. These constant currency changes and non-GAAP financial measures should however be viewed in addition to, and not as an alternative for, the Company's reported results prepared in accordance with U.S. GAAP. Amounts reported in millions are computed based on amounts in thousands. Certain amounts in columns and rows within tables may not foot due to rounding. Percentages and earnings per share amounts presented are calculated from the underlying unrounded amounts.
About IGT IGT (NYSE: IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 10,500 employees. For more information, please visit www.IGT.com.
Cautionary Statement Regarding Forward-Looking Statements This news release may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning International Game Technology PLC and its consolidated subsidiaries (the "Company") and other matters. These statements may discuss goals, intentions, and expectations as to future plans, trends, events, dividends, results of operations, or financial condition, or otherwise, based on current beliefs of the management of the Company as well as assumptions made by, and information currently available to, such management. Forward-looking statements may be accompanied by words such as "aim," "anticipate," "believe," "plan," "could," "would," "should," "shall", "continue," "estimate," "expect," "forecast," "future," "guidance," "intend," "may," "will," "possible," "potential," "predict," "project" or the negative or other variations of them. These forward-looking statements speak only as of the date on which such statements are made and are subject to various risks and uncertainties, many of which are outside the Company's control. Should one or more of these risks or uncertainties materialize, or should any of the underlying assumptions prove incorrect, actual results may differ materially from those predicted in the forward-looking statements and from past results, performance, or achievements. Therefore, you should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include (but are not limited to) the factors and risks described in the Company's annual report on Form 20-F for the financial year ended December 31, 2021 and other documents filed from time to time with the SEC, which are available on the SEC's website at www.sec.gov and on the investor relations section of the Company's website at www.IGT.com. Except as required under applicable law, the Company does not assume any obligation to update these forward-looking statements. You should carefully consider these factors and other risks and uncertainties that affect the Company's business. Nothing in this news release is intended, or is to be construed, as a profit forecast or to be interpreted to mean that the financial performance of International Game Technology PLC for the current or any future financial years will necessarily match or exceed the historical published financial performance of International Game Technology PLC, as applicable. All forward-looking statements contained in this news release are qualified in their entirety by this cautionary statement. All subsequent written or oral forward-looking statements attributable to International Game Technology PLC, or persons acting on its behalf, are expressly qualified in their entirety by this cautionary statement.
Non-GAAP Financial Measures Management supplements the reporting of financial information, determined under GAAP, with certain non-GAAP financial information. Management believes the non-GAAP information presented provides investors with additional useful information, but it is not intended to nor should it be considered in isolation or as a substitute for the related GAAP measures. Moreover, other companies may define non-GAAP measures differently, which limits the usefulness of these measures for comparisons with such other companies. The Company encourages investors to review its financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure.
Adjusted EBITDA represents net income (loss) from continuing operations (a GAAP measure) before income taxes, interest expense, net, foreign exchange gain (loss), net, other non-operating expenses (e.g., DDI / Benson Matter provision, gains/losses on extinguishment and modifications of debt, etc.), net, depreciation, impairment losses, amortization (service revenue, purchase accounting and non-purchase accounting), restructuring expenses, stock-based compensation, litigation expense (income), and certain other non-recurring items. Other non-recurring items are infrequent in nature and are not reflective of ongoing operational activities. For the business segments, Adjusted EBITDA represents segment operating income (loss) before depreciation, amortization (service revenue, purchase accounting and non-purchase accounting), restructuring expenses, stock-based compensation, litigation expense (income) and certain other non-recurring items. Management believes that Adjusted EBITDA is useful in providing period-to-period comparisons of the results of the Company's ongoing operational performance.
Adjusted EPS represents diluted earnings per share from continuing operations (a GAAP measure), excluding the effects of foreign exchange, impairments, amortization from purchase accounting, discrete tax items, and other significant non-recurring adjustments that are not reflective of on-going operational activities (e.g., DDI / Benson Matter provision, gains/losses on extinguishment and modifications of debt, etc.). Adjusted EPS is calculated using our diluted weighted-average number of shares outstanding, including the impact of any potentially dilutive common stock equivalents that are anti-dilutive to GAAP net income (loss) per share but dilutive to Adjusted EPS. Management believes that Adjusted EPS is useful in providing period-to-period comparisons of the results of the Company's ongoing operational performance.
Net debt is a non-GAAP financial measure that represents debt (a GAAP measure, calculated as long-term obligations plus short-term borrowings) minus capitalized debt issuance costs and cash and cash equivalents, including cash and cash equivalents held for sale. Cash and cash equivalents, including cash and cash equivalents classified as held for sale, are subtracted from the GAAP measure because they could be used to reduce the Company's debt obligations. Management believes that net debt is a useful measure to monitor leverage and evaluate the balance sheet.
Net debt leverage is a non-GAAP financial measure that represents the ratio of Net debt as of a particular balance sheet date to Adjusted EBITDA for the last twelve months ("LTM") prior to such date. Management believes that Net debt leverage is a useful measure to assess IGT's financial strength and ability to incur incremental indebtedness when making key investment decisions.
Free cash flow is a non-GAAP financial measure that represents cash flow from operations (a GAAP measure) less capital expenditures. Management believes free cash flow is a useful measure of liquidity and an additional basis for assessing IGT's ability to fund its activities, including debt service and distribution of earnings to shareholders.
Constant currency or constant FX is a non-GAAP financial measure that expresses the current financial data using the prior-year/period exchange rate (i.e., the month end exchange rates used in preparing the financial statements for the prior year). Management believes that constant currency is a useful measure to compare period-to-period results without regard to the impact of fluctuating foreign currency exchange rates.
A reconciliation of the non-GAAP measures to the corresponding amounts prepared in accordance with GAAP appears in the tables in this release. The tables provide additional information as to the items and amounts that have been excluded from the adjusted measures.
Contact: Phil O'Shaughnessy, Global Communications, toll free in U.S./Canada +1 (844) IGT-7452; outside U.S./Canada +1 (401) 392-7452 Francesco Luti, +39 06 5189 9184; for Italian media inquiries James Hurley, Investor Relations, +1 (401) 392-7190
Select Performance and KPI data: ($ in millions, unless otherwise noted)
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.mysuncoast.com/prnewswire/2022/08/02/international-game-technology-plc-reports-second-quarter-2022-results/ | 2022-08-02T11:15:15Z |
GARYSBURG, N.C., Sept. 16, 2022 /PRNewswire/ -- On September 14, 2022, Firefighters from several departments attended a meeting to learn about toxic PFAS found in their turnout gear that could be impacting their health.
The meeting was organized and co-hosted by Blue Ridge Environmental Defense League (BREDL) and included a presentation by Kevin Ferrara, a retired US Air Force firefighter, internationally known for his work on this issue. Ferrara commented that "military firefighters were deceived for decades about toxic firefighting foam; leadership knew but said nothing. It's not a matter of if, it's a matter of when will my doctor tell me I have cancer because of my exposure to toxic PFAS? As veterans and firefighters, we never asked or expected to be sickened by those we trusted to protect us, let alone the protective clothing we wear."
Bryan Brice of The Law offices of F. Bryan Brice, Jr. Brice Legal Firm and Annemarie Pantazis of Wilder-Pantazis Law Group provided additional information regarding legal options, as well as state and federal resources for firefighters and their families. Brice, speaking of chemical companies like Dupont, 3M, and Chemours stated, "We need to hold the chemical companies and those responsible accountable for the high cancer rates and other injuries caused by the unconscionable level of PFAS in firefighter turnout gear."
Therese Vick, North Carolina Healthy Communities Campaign Coordinator for BREDL and the mother of a firefighter said, " Firefighters risk their lives to protect us. The turnout gear they need to protect them should not pose a threat to their health. Our hope is to bring this information to the men and women of the fire service, the public, and decision makers."
#PFAS #firefighters #foreverchemicals
CONTACT: Therese Vick (919) 345-3673 therese.vick@gmail.com
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SOURCE Blue Ridge Environmental Defense League Inc | https://www.kxii.com/prnewswire/2022/09/16/informational-meeting-held-firefighter-exposure-toxic-chemicals-turnout-gear/ | 2022-09-16T16:50:54Z |
RALEIGH, N.C., June 21, 2022 /PRNewswire/ -- Next Century Spirits, a leading full-service distilled spirits company that specializes in the creation and processing of distilled spirits for private label, private brands, bulk, and craft markets, is pleased to announce they have won two Double Gold and North Carolina Distillery of the Year Award nods this year at the recent New York International Spirits Competition.
"We have had a record year as a company from a facility expansion to international brand recognition, which is a testament to our team setting a vision and achieving it," states Scott Bolin, Co-Founder and CEO of Next Century Spirits. "Next Century Spirits was named 'Best Distillery of the Year' again recognizing our operational effectiveness, plus taking home several gold medals for the quality of our spirits."
The company won 15 awards in total within the NYISC, one of the most respected beverage trade specific spirits competitions in the world. The competition is unusual in that it is one of the few competitions that relies entirely on judges drawn exclusively from the beverage community.
Nick Scarff, Master Blender and VP of Business Development of Next Century Spirits, comments, "We are honored and grateful to have been selected as the North Carolina Distillery of the Year for two consecutive terms." Scarff continues, "We have worked hard to develop the largest, most versatile array of customized and premium spirits in the industry, so having so many of our products consistently recognized for being the top achievers in their categories is incredibly fulfilling. That said, we have no plans to rest on our laurels, and plan to continue to push the boundaries of innovation and quality in order to create unique drinking experiences for spirits enthusiasts everywhere."
Next Century Spirits is a full-service distilled spirits company that specializes in the creation and processing of distilled spirits for private label, private brands, bulk, and craft markets.
To learn more about our services and more, please visit https://nextcenturyspirits.com/ and or check us out on Instagram or Facebook.
Taylor Foxman – Next Century Spirits
taylor@theindustrycollective.org
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SOURCE Next Century Spirits | https://www.kxii.com/prnewswire/2022/06/21/next-century-spirits-leading-full-service-distilled-spirits-company-awarded-two-double-golds-north-carolina-distillery-year-award-new-york-international-spirits-competition/ | 2022-06-21T18:29:50Z |
BOSTON, June 7, 2022 /PRNewswire/ - The Boston Athletic Association (B.A.A.) has announced that $35.6 million was raised for more than 200 non-profit organizations through this year's 126th Boston Marathon on Monday, April 18. The B.A.A. Official Charity Program and the John Hancock Non-Profit Program have combined to raise more than $460 million since the charity program's inception at the 1989 Boston Marathon.
The $35.6 million raised this year includes donations raised through the B.A.A.'s Official Charity Program, the John Hancock Non-Profit Program, and from other qualified and invitational runners. A total of 2,566 participants ran as fundraising athletes at the 126th Boston Marathon. Further details can be found on the Boston Marathon's fundraising page through GivenGain.
"The non-profit community across Greater Boston is resilient, and, as a non-profit itself, the B.A.A. takes great pride in being a catalyst for more than 200 charitable organizations to raise critical funds in support of their missions," said Nicole Juri, the B.A.A.'s Director of Development. "The return to our full field size and traditional Patriots' Day date enabled our non-profit partners to raise even greater funds for a variety of meaningful causes."
"It is outstanding to see the funds raised by this year's Boston Marathon participants, all in support of non-profit organizations that are a driving force for our community and carry personal meaning for so many," said Marianne Harrison, president and CEO of John Hancock. "We are committed to making lives better by empowering sustained health and well-being, and we are grateful to help bring that mission to life through the John Hancock Non-Profit Program. Thank you to everyone who worked so hard to make this year's race so inspiring and impactful."
Earlier this year, the B.A.A. and John Hancock held the first-ever Boston Marathon Giving Day, which resulted in more than $1.1 million in donations over a 24-hour period to the 200 non-profit programs affiliated with the 126th Boston Marathon. Boston Marathon Giving Day was the second largest single day of donations to non-profits connected to the race, behind 2018 #GivingTuesday.
The B.A.A. annually provides non-profits associated with the B.A.A. Official Charity Program and John Hancock's Non-Profit Program with invitational entries into the Boston Marathon. Each non-profit organization directly manages its own application process, athlete selection, and fundraising minimums, deadlines, and requirements.
The 126th Boston Marathon marked the first Patriots' Day race since 2019 and featured a 98.4% finish rate, with 24,918 athletes from 111 different countries and all 50 states earning their unicorn medals.
The B.A.A. will notify non-profit organizations who have been selected to participate in the 127th Boston Marathon as part of the B.A.A. Official Charity Program in Summer 2022. More information can be found on the B.A.A. Official Charity Program and the John Hancock Non-Profit Program.
The next B.A.A. event is the B.A.A. 10K presented by Brigham and Women's Hospital on Sunday, June 26. Athletes can register online and compete with Boston Marathon champions and Olympians. Media interested in covering the 2022 B.A.A. 10K may apply for credentials here.
Established in 1887, the Boston Athletic Association is a non-profit organization with a mission of promoting a healthy lifestyle through sports, especially running. The B.A.A. manages the Boston Marathon, and supports comprehensive charity, youth, and year-round programming. The Boston Marathon is part of the Abbott World Marathon Majors, along with international marathons in Tokyo, London, Berlin, Chicago, and New York City. Since 1986, the principal sponsor of the Boston Marathon has been John Hancock. The 127th Boston Marathon is scheduled to take place on Monday, April 17, 2023. For more information on the B.A.A., please visit www.baa.org.
John Hancock is a unit of Manulife Financial Corporation, a leading international financial services provider that helps people make their decisions easier and lives better by providing financial advice, insurance, and wealth and asset management solutions. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com.
One of the largest life insurers in the United States, John Hancock supports more than ten million Americans with a broad range of financial products, including life insurance and annuities. John Hancock also supports US investors by bringing leading investment capabilities and retirement planning and administration expertise to individuals and institutions. Additional information about John Hancock may be found at johnhancock.com.
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SOURCE John Hancock | https://www.mysuncoast.com/prnewswire/2022/06/07/126th-boston-marathon-raises-356-million-area-non-profits/ | 2022-06-07T14:41:31Z |
The Mosquito Fire burning in Northern California flared up Tuesday afternoon, charging toward a mountain community and torching more homes as it burned dangerously close to a high school.
The inferno -- the largest wildfire currently burning in California -- began west of Lake Tahoe amid extreme heat September 6 and has already consumed 58,544 acres in El Dorado and Placer counties. It was 20% contained Wednesday.
Burning intensely and spreading deeper in the Sierra Nevada mountains, the fire has forced more than 11,200 people to flee as it threatened thousands of structures, burning 64 structures by Wednesday, including at least 25 homes, according to Cal Fire.
The fire grew more than 8,000 acres overnight.
By Tuesday afternoon, the fire pushed toward the community of Foresthill and arrived at the edge of Foresthill High School, torching structures across the street as firefighting aircraft raced to drop flame retardant over the raging blaze.
Aerial video from CNN affiliate KCRA showed the flames burning a row of cars and structures under thick, black smoke.
It was not immediately clear how many buildings and vehicles were lost in the flare-up, but firefighters appear to have kept the flames away from Foresthill High School, Cal Fire Public Information Officer Scott McLean told CNN.
Though firefighters were aided by calmer weather over the weekend, stronger southwest winds blew into the region Tuesday, breaking up a smoke inversion that had for days hung over the Mosquito Fire.
As the trapped smoke cleared in the afternoon, the flames exploded, and a spot fire jumped the Middle Fork of the American River on the west corner of the fire's perimeter and ran toward Foresthill, ripping through critically dry fuels and steep terrain.
Flames advanced from the El Dorado County side back into Placer County, below the communities of Todd Valley and Foresthill, Cal Fire Operations Section Chief Landon Haack said during an evening briefing.
Firefighting resources that were trying to stop the fire's spread in other areas were diverted to help hold the line below the community, authorities said.
"They've got a pretty significant firefight going on out there right now as we speak. They're trying really hard to hold that fire in that box right there," Haack said.
The fire had jumped an area with twists and turns in the river where the wind swirls and pushes smoke and embers, Cal Fire fire behavior analyst Jonathan Pangburn explained in the briefing.
Additional evacuations were ordered Tuesday afternoon, including for the community of Stumpy Meadows, according to the El Dorado County Sheriff's Office.
The Mosquito Fire continues to push steadily to the east in heavily forested areas with extremely dry vegetation, officials said.
Before winds cleared the smoke Tuesday, it created unhealthy air quality in the region due to a high concentration of particulate matter from the fire in the air.
The smoke rolled past state lines and into Nevada, where the U.S. Air Quality Index reported "very unhealthy" air quality.
The fire is one of many burning across the West that are choking the air with smoke. More than 800,000 acres have burned in 93 large active fires and complexes across the West, according to the National Interagency Fire Center.
In Oregon, the lightning-sparked Cedar Creek Fire has quadrupled in size since last week, burning about 92,548 acres as of Tuesday and was still burning with 0% containment.
Fires are burning in parched lands amid a relentless drought
Frying under rising temperatures, drought-ravaged Western states are home to growing areas of easy-to-burn dry brush that can become fuel for more volatile wildfires.
The fires are also burning amid a water shortage emergency that is forcing residents to limit outdoor watering as California's reservoirs shrink.
In the Golden State, residents are contending with unprecedent water restrictions. The Metropolitan Water District for the first time ever declared a water shortage emergency in April, limiting outdoor watering for millions of residents in dozens of cities in Southern California.
For the third month in a row, Los Angeles residents cut their water usage last month to an all-time low for any August on record, despite temperatures that were an average of 3 to 5 degrees warmer, the city's mayor Eric Garcetti said.
Los Angeles residents' water usage in August was 10% lower than in the same month in the past two years, according to Garcetti.
"In the face of monthly heat records, Angelenos have gone above and beyond to find additional ways to cut back -- and as we continue to battle skyrocketing temperatures and cope with drying reservoirs, I know that Los Angeles will continue to show our region and the rest of the world what meaningful conservation looks like," the mayor said in a statement.
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The weather is getting cooler and the days are getting shorter. With fall season right around the corner, cinnamon, apple and pumpkin are waiting for their moment. Jumpstart your fall with these sweet treats. Click for more. | https://www.albanyherald.com/news/californias-mosquito-fire-prompts-more-evacuations-as-it-races-toward-mountain-communities-burning-homes-and/article_94e3d365-8c3f-566c-9499-e37aa28b3bd9.html | 2022-09-14T16:54:00Z |
BERLIN (AP) — Germany is taking control of three Russian-owned refineries in the country to ensure energy security before an embargo on oil from Russia takes effect next year, officials said Friday.
Two subsidiaries of Russian oil giant Rosneft — Rosneft Deutschland GmbH and RN Refining & Marketing GmbH — will be put under the administration of Germany’s Federal Network Agency, the Economy Ministry said in a statement.
As a result, the agency will also control the companies’ shares in the refineries PCK Schwedt, MiRo and Bayernoil, located in the east and south of Germany.
“This is a far-reaching energy policy decision to protect our country,” German Chancellor Olaf Scholz said. “We’ve long known that Russia isn’t a reliable supplier of energy anymore.”
“With today’s decision, we’re ensuring that Germany is supplied with oil in the medium- and long-term as well,” Scholz said. “That is particularly true for the Schwedt refinery.”
The facility provides petroleum products to much of northeastern Germany, including Berlin.
Rosneft accounts for about 12% of Germany’s oil refining capacity, importing oil worth several hundred million euros (dollars) every month, the ministry said.
It said the move would help ensure continued energy supplies and was initially due to last for six months.
Rosneft had previously made clear it had no intention to stop imports of oil via the Druzhba pipeline, which runs from Russia through Ukraine to refineries in central Europe, despite a looming EU embargo coming into force on Jan 1, 2023.
Scholz said a 1-billion-euro (dollar) aid package would secure jobs for about 1,200 people currently working at the PCK refinery in Schwedt and help with its long-term transformation as part of the transition toward a green economy.
Economy Minister Robert Habeck said the refinery would in the future receive oil through a pipeline from the port city of Rostock and via neighboring Poland, which had refused to provide supplies as long as there was a risk that Rosneft might profit from them. | https://cw33.com/business/ap-business/ap-germany-takes-over-subsidiary-of-russian-oil-giant-rosneft/ | 2022-09-16T23:07:06Z |
Lawyer who advised Trump says federal agents seized phone
WASHINGTON (AP) — A lawyer who aided former President Donald Trump’s efforts to undo the 2020 election results said in a federal court filing Monday that FBI agents seized his cell phone last week.
John Eastman said the agents took his phone as he left a restaurant last Wednesday evening, the same day federal law enforcement officials conducted similar activity around the country as part of broadening investigations into efforts by Trump allies to overturn the election results. Eastman said the agents who approached him appeared to be serving a warrant from the Justice Department’s Office of Inspector General.
The action was disclosed in a filing in federal court in New Mexico in which Eastman challenges the legitimacy of the warrant and asks that a court force the FBI to return his phone.
Federal agents last week served a raft of subpoenas related to a scheme by Trump allies to put forward alternate, or fake, slates of electors in hopes of invalidating the election won by Democrat Joe Biden.
Also Wednesday, agents searched the Virginia home of Jeffrey Clark, a Trump Justice Department official who encouraged Trump’s challenges of the election results.
A spokeswoman for the inspector general had no comment.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/06/27/lawyer-who-advised-trump-says-federal-agents-seized-phone/ | 2022-06-27T23:00:47Z |
NEW YORK, April 26, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Akebia Therapeutics, Inc. (NASDAQ: AKBA) alleging that the Company violated federal securities laws.
Class Period: June 28, 2018 to September 2, 2020
Lead Plaintiff Deadline: May 13, 2022
No obligation or cost to you.
Learn more about your recoverable losses in AKBA:
https://www.kleinstocklaw.com/pslra-1/akebia-therapeutics-inc-loss-submission-form?id=26295&from=4
Akebia Therapeutics, Inc. NEWS - AKBA NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Akebia Therapeutics, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) the Company's lead investigational product candidate, vadadustat, was not as safe in treating non-dialysis dependent chronic kidney disease patients with anemia as defendants had represented; (ii) as a result, defendants overstated the clinical prospects of a Phase 3 clinical program for vadadustat; (iii) accordingly, defendants also overstated vadadustat's overall commercial and regulatory prospects; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Akebia you have until May 13, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Akebia securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the AKBA lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/akebia-therapeutics-inc-loss-submission-form?id=26295&from=4.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com
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SOURCE The Klein Law Firm | https://www.kxii.com/prnewswire/2022/04/26/akba-alert-klein-law-firm-announces-lead-plaintiff-deadline-may-13-2022-class-action-filed-behalf-akebia-therapeutics-inc-shareholders/ | 2022-04-26T11:04:11Z |
IRVINE, Calif., May 4, 2022 /PRNewswire/ -- Golden State Foods (GSF), one of the largest diversified suppliers to the foodservice and retail industries, is pleased to announce two recent appointments, including Dorn Van Cleave as group vice president, corporate development and strategy, and Melissa Vieira as group vice president, human resources.
Based in Irvine, California, Van Cleave leads GSF in developing strategies to heighten company profitability, identifying merger and acquisition opportunities, assisting in bank financings, and helping to create business proposals. Frisco, Texas-based Vieira leads all human resources functions and activities to ensure that Quality Custom Distribution (QCD), as well as GSF sales and product development teams, recruit and retain a qualified workforce to meet internal and customer objectives.
"Dorn is a great person to work with – always professional and a trusted and valued member of our GSF team," said Joe Heffington, GSF corporate senior vice president and chief financial officer. "His business acumen and counsel on strategy, acquisitions, and business growth opportunities contributes greatly to our record of growth and performance."
In his newly expanded role, Van Cleave will continue to focus on bank financings, provide thought leadership on business strategy, and manage GSF's mergers and acquisition efforts. Additionally, he will oversee the company's flight operations, as well as deferred compensation and 401(k) plans, while also assuming increased responsibility for monitoring shareholder value.
Van Cleave joined GSF in 2001 as director of corporate development and earned a promotion to senior director, corporate development in 2009. Previously, he served as vice president with the Chicago-based private equity firm Glencoe Capital. A Certified Financial Analyst, he earned a Master of Business Administration from The University of Chicago's Booth School of Business and a bachelor's degree in economics and history from Northwestern University.
"Throughout 2021, in partnership with the QCD leadership team, Melissa has led with a focus on the associate value proposition, organizational structure, recognition, development at all levels of the organization, and a robust succession planning process," said GSF Corporate Senior Vice President and QCD President Ryan Hammer, who also oversees Golden State Foods' expanding sales team. "In her newly expanded role, Melissa's experience, energy, and leadership will help QCD and GSF continue to support the success of our people and the customers they serve."
Since joining the company in 2015, Vieira has held various leadership roles of increasing responsibility, starting as GSF's regional human resources manager, Southwest Region and most recently as QCD's senior director, human resources. Her key accomplishments include helping re-launch the GSF University online in partnership with LinkedIn Learning, supporting GSF's crisis management efforts, guiding development of GSF's Safe at Work and COVID-19 Prevention Training, implementing a paperless performance management process, spearheading the global associate survey, and collaborating to create GSF's Supervisor Training Program.
In 2019, the Orange County National Human Resources Association selected Melissa among its "Rising Star" honorees, and she later served on the organization's board. Earlier in her career, Vieira earned recognition for outstanding service and teamwork, while managing HR department operations for The Dry Bar (Irvine, California). She started her HR career with the grocery retailer Albertsons, after a promotion from her prior position as warehouse clerk. Melissa earned her bachelor's degree in Business Administration from California State University, Fullerton, and participated in HR Management Certificate courses from the University of California, Los Angeles.
About Golden State Foods
Golden State Foods (GSF), one of the largest diversified suppliers to the foodservice and retail industries, feeds one billion people every day! Headquartered in Irvine, California, the multi-national company is values-based with proven performance in superior quality, innovation, and customer service. Established in 1947, GSF and its family of companies currently service 100+ leading brands (125,000+ restaurants/stores in more than 50 countries) from its 50 locations on five continents. Its core businesses include: manufacturing of liquid products, protein, produce, dairy/aseptic, and provides custom distribution services. The company employs approximately 6,000 associates and is management-owned and run. Golden State Foods also operates a national non-profit organization, the GSF Foundation.
Media Contact:
Marline Valencia, Porter Novelli
marline.valencia@porternovelli.com
(310) 754-1919
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SOURCE Golden State Foods | https://www.wibw.com/prnewswire/2022/05/04/golden-state-foods-appoints-dorn-van-cleave-group-vice-president-corporate-development-strategy-melissa-vieira-group-vice-president-human-resources/ | 2022-05-04T10:43:39Z |
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