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LOS ANGELES, Aug. 30, 2022 /PRNewswire/ -- On Monday, August 22, Dr. Derrick Morton filed a lawsuit in Los Angeles against Kaiser Permanente School of Medicine (KPSOM) for creating a hostile work environment for black doctors, faculty, staff and students at the medical school and for abandoning its stated values of equity and inclusion in medicine and medical education after recruiting black doctors and academics from across the country to teach at KPSOM on the basis of that stated mission.
Dr. Morton's suit follows Dr. Aysha Khoury's lawsuit against KPSOM for race and gender discrimination and harassment, as well as the departure of most of the other Black faculty and senior leadership present in the School's opening year.
The Kaiser Permanente J. Bernard Tyson School of Medicine ("KPSOM") lures the best and the brightest Black doctors and scientists from across the nation to join the KPSOM faculty with the false promise that they will be afforded unique opportunities for Diversity, Equity, and Inclusion ("DEI") leadership, academic freedom, and faculty partnership status in building an institution committed to ending the legacies of inequality in medical education and patient care. Black doctors and scientists at the height of their professional power make tremendous personal and professional sacrifices based on KPSOM's with the alleged false promise.
Derrick Morton, Ph.D., is a Black biologist and former KPSOM Assistant Professor recruited by KPSOM at the beginning of a thriving career in Atlanta. Dr. Morton was traumatized by KPSOM's alleged pervasive hostility against Black professionals and medical students. Dr. Morton was personally downleveled and suffered retaliation from KPSOM supervisors for being Black. Dr.Morton witnessed supervisors ostracize, isolate, and fire Dr. Aysha Khoury because she is Black. He witnessed White supervisors demote, isolate, and constructively discharge the DEI Associate Dean because he is Black. Dr. Morton witnessed and experienced anti-Black animus at KPSOM that was so pervasive and chilling that he and his Black colleagues could not associate with each other or with Black students for fear of being blacklisted, according to the complaint.
KPSOM, while exploiting Dr. Morton's talent, reputation and diversity and inclusion credentials, has subjected Dr. Morton to racial trauma arising from discriminatory employment decisions and a workplace culture that disrespects, undermines, disproportion disciplines and ousts African American faculty on the basis of race, according to the complaint.
In medicine, the racial empathy gap manifests distinctly for Black patients, leading to uniquely perverse outcomes. Half of White medical trainees and a quarter of practicing physicians wrongly believe Black people have thicker skin or less sensitive nerve endings than White people. Consequently, Black patients are much less likely to be given pain medication for severe pain than white patients. If you're a child having abdominal pain because of appendicitis, the chances of obtaining adequate pain medication goes down by 80% if you are Black compared to if you're White. Pervasive racism in health care has caused a Black Women's Health Crisis. Black women are four times more likely than white women to die of child-birth related illnesses and black newborns are three times more likely to die if they are delivered by a white physicians. If you're a Black woman, who has reached the heights of education and is comfortable socioeconomically you have a higher chance of dying in pregnancy and delivery, and your baby has a higher chance of dying in pregnancy and delivery than anyone else, including any woman of any other race who has not finished high school.
These jarring disparities highlight the need for greater diversity in medicine- a field where only five percent of physicians are black, representing a rise of only 2% since 1910. A wealth of research data exists supporting the positive link between access to Black health professionals and the quality of care and health outcomes for Black patients.
Plaintiff's attorney Lisa Holder contends, "KPSOM's pattern of undervaluing and discarding black academics and physician educators is uniquely disturbing when placed in this systemic context."
Plaintiff's attorney Nathan M. Smith, partner at Brown, Neri, Smith & Khan LLP, stated, "this incident not only violates KPSOM's stated mission of equity in medicine, it also violates California public policy guidelines for bias elimination in medical training."
Drs. Morton and Khoury are among the expanding group of black doctors whose stories have spawned a movement that centers black physicians in the struggle for race-gender equality. On Friday morning August 26, 2022, doctors and medical students marched to KPSOM to protest the marginalization of black physicians, academics, and medical students as part of the kickoff campaign for #BLACKDOCSBELONG.
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SOURCE Brown, Neri, Smith & Khan LLP | https://www.kxii.com/prnewswire/2022/08/30/kaiser-permanente-medical-school-associate-professor-files-discrimination-lawsuit/ | 2022-08-30T14:55:09Z |
HONG KONG, July 31, 2022 /PRNewswire/ -- OneCool Collective: Asia's first Web3 project that sets out to disrupt the entertainment and movie industry, announces its first "Warriors of Future" NFT collection. Inspired by the movie's powered armor, Warriors of Future NFT is a collection of 10,000 unique 3D avatars featuring four types of soldiers. The NFT will be minted on August 6th, 2022 at https://www.onecoolcollective.com/.
High-resolution images can be downloaded here
Warriors of Future is a multi-million-dollar Hong Kong sci-fi action movie produced by Louis Koo, directed by visual effects artist Ng Yuen-Fai in his directional debut and stars Louis Koo, Sean Lau and Carina Lau. The film is set in the future where Earth is devoid of life due to climate change and pollution, while a meteorite brings an extraterrestrial life to our planet. The movie took 6 years to produce, and is set for theatrical release in Asia this year.
Warriors of Future is a pioneer in adopting an innovative interchangeable mechanism in their NFT collection, allowing holders to interchange traits within the NFTs they hold. There are 5 interchangeable parts: weapon, armor body, arms, helmet, and the background. These interchangeable elements will be reflected in real-time in the NFT marketplace. The holder will also be able to use their NFT in action as an avatar in the upcoming Warriors of Future mobile game. OneCool Collective's Warriors of Future NFT, powered on the Ethereum blockchain, looks to support new enriching experiences and provide exclusive utilities to users by holistically merging virtual and physical worlds. In addition to the NFT launch, the campaign also engages fans through a series of AR activations, and phygital sales of movie merchandise, that allow for interaction and deployment of the virtual collectibles in the OneCool ecosystem. The aim is to create a OneCool community that will empower and elevate Entertainment and Movie IPs through Web3 integration.
OneCool Collective: Warriors of Future NFT is the first series of a long term Web3 and entertainment IPs' integration project, a collaboration between One Cool Group and Gusto Collective with the vision of bringing best-in-class movies and entertainment experiential cultures into the digital world. With over 20 films produced and distributed over 9 years, One Cool Group is Asia's leading film enterprise with an all-round scope of operations including film and animation production, film distribution, post-production and artist management. Gusto Collective, Asia's first brand tech group applies the latest technology to drive value and growth for brands through immersive and engaging experiences across the physical and virtual worlds. Gusto has over 90 clients in Asia.
"We are so excited to unlock the limitless potential of the entertainment industry powered by blockchain for our next-gen users. Our upcoming film titled Warriors of Future serves as a pioneer in such a collaboration, which allows us to explore more possibilities in the future. We look forward to connecting the best of the entertainment industry in ways and experiences that were not possible before." said Ella Wong, Chief Financial Officer of One Cool Group.
"Web3 is the future of entertainment. It's a game-changer with a vision for a more open, decentralized, and secure internet, enabled by advances in technologies like blockchain and machine learning. We, at Gusto Collective, are delighted to be at the forefront of bringing change to benefit creators, entertainers, and their fans in the industry. The emerging concept of ownership of digital assets has immense potential. Our collaboration with One Cool Group aims to supercharge the impact of entertainment IPs by unleashing the full power of a Web3 toolkit to create content, experiences and value for all stakeholders of the IPs. " said Aaron Lau, Founder & CEO of Gusto Collective.
Gusto Collective
Gusto Collective is Asia's first BrandTech group – delivering best-in-class storytelling and immersive experiences, powered by the latest technology. Gusto is a leading player in determining the future of next-gen customer experiences that are increasingly operating within the spheres of AR/VR, the metaverse, NFTs and Web 3. The company was founded in January 2020 by Aaron Lau, a technology and marketing veteran, and renowned business leader. Gusto Collective has four core service specialisms: luxury brand management, VR/AR experience platform, Web 3 turnkey solutions and Metahuman marketing platform. Currently, the BrandTech group has over 170 full-time "Gustodians" across three offices in Hong Kong, Shanghai and London, and has recently completed its Series A fundraising at $23 million USD, with Animoca and Gaw Capital leading the round.
OneCool Group
One Cool Group Limited is a fast-growing company exquisitely equipped for the film industry and one of the leading film enterprises in Asia. Our philosophy is "Visionary in Creativity, Strive for Diversity". Filmmaking is our core business, with future expansion in related area.
The Group aims to provide a full-ranged service including project development, film financing, production, post-production and distribution, sound and visual effects, film promotion and artist management. As a diversified content provider, we are able to tailor our services to advocate both traditional culture in filmmaking and the new form of entertainment.
The headquarter of One Cool Group Limited is located in Hong Kong with its affiliated companies over Asia, covering Mainland China, Thailand and South Korea. One Cool's team is gathered with top experts and professionals from the field, talents with solid experience in film business and devoted to bring in new "Scene" to the Asian audience and market.
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SOURCE Gusto Collective | https://www.wibw.com/prnewswire/2022/08/01/onecool-collective-debuts-warriors-future-asias-first-blockbuster-movie-nft/ | 2022-08-01T02:28:09Z |
Lodi Grove Community to offer beautiful home designs at affordable prices
FLORESVILLE, Texas, June 9, 2022 /PRNewswire/ -- Lennar, one of the nation's leading homebuilders, has announced its first-ever new home community in Floresville, Texas, located approximately 30 minutes southeast of San Antonio. Called Lodi Grove, the development will include 94 homes featuring Lennar's trademark quality, technology and design at an exceptionally competitive price. A groundbreaking ceremony took place Thursday, June 9.
"Floresville is growing quickly, particularly among young residents wanting proximity to San Antonio but without the urban congestion," said Brian Barron, San Antonio Division President for Lennar. "That has amplified the need for affordable homes in an area that has very little new home construction. With this in mind, we are positioning Lodi Grove with the lowest new home price point in the market, while still delivering the level of quality that Lennar is known for. Floresville is a beautiful and charismatic town, and we are excited to be a part of its story."
Scheduled for a Summer 2023 grand opening, homes at Lodi Grove will feature the latest designer details, including generous living and kitchen spaces, resort-style master suites and technology upgrades that meet the needs of the most contemporary homebuyer.
Residents of Lodi Grove will enjoy a linear park and direct connection to a walking trail system and trailhead park. Children living at Lodi Grove will be served by the Floresville School District, which partners with the Alamo College System to allow students to graduate with college credits.
The community sits at US Highway 181 N and County Route 130, directly adjacent to a Walmart and CVS. It is within close proximity to Floresville's picturesque downtown and nine community parks, including the 33-acre Floresville River Park located along the San Antonio River. Together, these destinations offer restaurants, shopping, entertainment, playgrounds, hiking and biking trails, sports courts, skate parks and an Olympic-sized swimming pool with lessons and fitness classes.
For more information, call (210) 393-8095 or visit www.lennar.com.
About Lennar Corporation
Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar's homes and, through LMF Commercial, originates mortgage loans secured primarily by commercial real estate properties throughout the United States. Lennar's Multifamily segment is a nationwide developer of high-quality multifamily rental properties. LENX drives Lennar's technology, innovation and strategic investments. For more information about Lennar, please visit lennar.com.
Contact: Danielle Tocco
Vice President Communications
Lennar Corporation
Danielle.Tocco@Lennar.com
Direct Line: 949.789.1633
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SOURCE Lennar Corporation | https://www.mysuncoast.com/prnewswire/2022/06/09/lennar-announces-plans-its-first-ever-development-floresville-texas/ | 2022-06-09T17:12:19Z |
Inside Look: KC Current unveils new $18 million training facility
KANSAS CITY, Mo. (KCTV) - From a new name to now a new training facility, the Kansas City Current has a lot to celebrate.
The city’s professional women’s soccer team has unveiled its new $18 million state-of-the-art facility, which includes areas specifically focused on player’s health and training---from weights and cardio to recovery and nutrition.
The club says the design is also focused on “fostering player community and promoting physical and mental wellness.
The complex was designed by Generator Studio and built by Monarch Build, a woman-owned construction firm. It was exclusively privately funded by team owners.
The new training facility is believed to be the first of its kind specifically build for professional women’s soccer. ESPN called it one of the crown jewels of the National Women’s Soccer League, and it’s such a monumental moment that even the president of the league, Jessica Berman, was in Kansas City for the previous groundbreaking.
The KC Current’s general manager told KCTV5 it’s even more important to have this facility with the World Cup coming to town in 2026 as well.
“It’s huge, and the vision that ownership has to create the best team in the world and facilities in the world elevates women,” said GM Cami Levin. “I think having the World Cup in this city will continue to push this game even further and show that this is where all teams should be going and the direction that women’s sports should be going.”
The team has been training on the facility’s fields for the past two months, but they now finally have access to everything that’s inside. Reporter Taylor Johnson got an inside look at the facility on Wednesday morning. (See that video above)
Copyright 2022 KCTV. All rights reserved. | https://www.wibw.com/2022/06/22/inside-look-kc-current-unveils-new-18-million-training-facility/ | 2022-06-23T00:59:24Z |
UConn to play South Carolina in NCAA women’s basketball championship game
By Ray Sanchez, CNN
UConn will play South Carolina in the NCAA women’s basketball championship game after defeating the defending national champion Stanford on Friday night in the Final Four.
The 63-58 victory gives Huskies head coach Geno Auriemma a shot at his 12th title.
UConn came into the night fresh off its thrilling 91-87 victory over No. 1 seed North Carolina State in double overtime in the Elite Eight. It was the first time in women’s NCAA tournament history a game in the Elite Eight or beyond needed double overtime.
The Huskies made their 14th consecutive Final Four appearance Friday night — a contest featuring two of the most successful NCAA college basketball coaches.
Again, UConn faced a No. 1 seed. This time it was Stanford.
The Cardinals’ Tara VanDerveer, 68, has coached on the collegiate level for more than 40 years, with a stellar 1,157-258 record. Her first two titles with Stanford came in the early 1990s. Her third came last year against No. 3 seed Arizona, ending a 29-year wait.
On this night, the winningest head coach in women’s basketball history faced the Huskies’ Auriemma, who turned 68 last month. He had a 1,148-149 record over 37 seasons and won a record 11 NCAA women’s tournaments.
His first title was in 1995. His last was in 2016.
The Huskies, 29-5 on the season coming into Friday’s game, have had 11 different starting lineups this season due to a mix of illness and injuries. Still, they entered the NCAA tournament as a No. 2 seed.
Boston leads Gamecocks with 23 points and 18 rebounds
In the first semifinal game Friday at the Target Center in Minneapolis, No. 1 overall seed South Carolina defeated Louisville, also a No. 1 seed, 72-59.
The championship game will be Sunday.
South Carolina made its fourth Final Four appearance in the last seven NCAA tournaments. Before Friday night, the team had allowed just 41.2 points per game in this NCAA tournament, according to Gamecocksonline.com.
Junior forward Aliyah Boston — the national player of the year who has been the Gamecocks’ top scorer and rebounder this season, averaging a double-double — finished Friday’s game with 23 points and 18 rebounds.
The Gamecocks, who beat both Stanford and UConn this season, won the national title in 2017.
Head coach Dawn Staley has led the team to three NCAA Final Fours in the last six tournaments before Friday — and a national championship in 2017.
Louisville Cardinals head coach Jeff Walz, in his 15th season, had made three trips to the Final Four before Friday and two to national title games. He was 33-12 in NCAA Tournament games.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
CNN’s Jill Martin contributed to this report. | https://localnews8.com/sports/cnn-sports/2022/04/01/uconn-to-play-south-carolina-in-ncaa-womens-basketball-championship-game/ | 2022-04-02T05:18:02Z |
EAST GLACIER, MONTANA (WSYR) — A New York father and his 18-month-old daughter were shot and killed while on vacation in Montana, police confirmed Tuesday, saying the suspect had a prior relationship with a family member.
David Siau, 39, of Pompey, New York, and his daughter McKenzie Siau died from their injuries, while Siau’s 40-year-old wife, Christy, was in critical condition after the attack on the Blackfeet Indian Reservation in northwestern Montana.
Christy Siau was holding her daughter when the toddler was shot.
The attack happened just before 9 p.m. Sunday as the Siau family walked along a roadway in the small town of East Glacier Park.
Deputies said the suspect, 37-year-old Derick Amos Madden, of Goldsby, Oklahoma, drove his vehicle into the family, hit a tree and came out of the vehicle shooting a gun. Police didn’t immediately say how many of the family members were hit by the vehicle or how seriously injured they were by the collision.
Christina Siau, the victim’s 30-year-old sister, was stabbed by the suspect, according to investigators, who said she and the suspect had a prior relationship.
Initially, the police agency incorrectly said the prior relationship was between Christy Siau and the suspect.
Despite being seriously injured, Christina Siau defended herself and killed the shooter. Police did not say what or if a weapon was used.
Deputies say Madden “was suffering from mental health issues.”
The couple’s two other children were with them at the time of the shooting but were not hurt, according to police. They are staying with their grandparents.
The Glacier County Sheriff’s Office described it as an “isolated…incident with a clear nexus between the victims and Madden” and said the investigation was continuing. It was not clear what provoked Sunday’s attack beyond the prior relationship between Madden and Christina Siau.
Local authorities did not know of any previous interactions that Madden had with law enforcement. He had been working recently in East Glacier, a tourist town and gateway to the mountains in Glacier National Park, according to Jody Hickey, a spokesperson for Glacier County Sheriff Vernon “Napi” Billedeaux.
Christina Siau was originally from New York and had been living in East Glacier, where her family was visiting, Hickey said.
The family is active with Pompey Community Church, according to people who know them. David Siau worked for Benchmark Media, according to the couple’s wedding announcement.
In a statement to WSYR, the family’s former church called this a “time of unimaginable grief,” writing: “They were beloved & served joyfully in many ways in our church community. … When they purchased their home in Pompey and made the transition to Pompey Community Church, we celebrated with them as they found a wonderful place to live and to worship with their family.”
A photo of the family was posted on the Facebook page of Mission Hope Community, with the caption: “We are deeply grieving the gun violence assault on Christy Brownell Siau and her family while they were camping on the Blackfeet Indian reservation. Christy was the bookkeeper for ABC-NYS for several years. Her husband David is dead, along with their 18-month old daughter, and Christy is hospitalized. G-d be with them, and G-d forgive us for allowing our idolatrous gun worship to continue.”
In a message shared on Facebook by the group “American Baptist Churches,” the local director wrote: “Please remember both the Siau and Brownell families in prayer as they grieve this incredible and sudden loss.”
The Associated Press contributed to this report. | https://cw33.com/news/nexstar-media-wire/man-rams-family-with-vehicle-then-fatally-shoots-father-toddler-police-say/ | 2022-07-20T19:28:00Z |
STOCKHOLM (AP) — European health officials say that 266 confirmed cases and 58 suspected cases of an outbreak of salmonella infection linked to chocolate Easter eggs have now been reported throughout Europe and in North America, the vast majority in children.
The European Center for Disease Prevention and Control said that 86.3% of the cases were among children aged 10 or younger, and for all cases in Europe with information available, 41.3% of them were hospitalized. No deaths have been reported.
Cases have been reported in 14 European countries, Canada and the United States.
The European Union agency still suspects a Belgian factory. Its closure in April, the global recall and withdrawal of their products from the shelves “have reduced the risk of exposure, but new cases may occur due to the long shelf life and possible storage of products at home,” the agency said.
In early April, food authorities in several European countries said that Italian company Ferrero has recalled specific batches of Kinder chocolate products due to suspicions of a connection between the products and an outbreak of salmonella.
The two outbreak strains which both are multidrug-resistant, were identified in 10 of the 81 salmonella-positive samples taken in the Belgian plant in December and January, including in buttermilk, semi-finished and finished products. The buttermilk was provided by an Italian supplier where salmonella was not detected.
“Based on the available evidence, salmonella has not been detected in other plants,” the agency said Wednesday.
The Stockholm-based agency said it continues to monitor the situation and encouraged close cooperation with food safety authorities in the countries affected. | https://cw33.com/health/ap-health/eu-nearly-270-cases-of-chocolate-eggs-salmonella-outbreak/ | 2022-05-20T02:28:50Z |
Germany seeks to boost renewable energy, cut Russian imports
By FRANK JORDANS
Associated Press
BERLIN (AP) — The German government has presented a major package of reforms to boost the construction of renewable power as part of its efforts to meet its climate goals and become independent of energy imports from hostile nations such as Russia. The 600-page “Easter package” approved by Cabinet lays out ambitious goals for the expansion of offshore power and declares the installation of renewable energy to be of “overriding public interest.” Economy and Energy Minister Robert Habeck told reporters in Berlin Wednesday that “in sum, this package will lead to a significant increase in renewable energy.” But he acknowledged that Germany still has to make a huge effort to meet its ambitious climate goal of reducing its greenhouse gas emissions to “net zero” by 2045. | https://localnews8.com/news/2022/04/06/germany-seeks-to-boost-renewable-energy-cut-russian-imports/ | 2022-04-06T16:35:44Z |
NASHVILLE, Tenn., June 17, 2022 /PRNewswire/ -- Following the jury verdict out of Atlanta, Georgia last week, reality television stars Todd and Julie Chrisley have hired Burr & Forman LLP to represent them in challenging the verdicts.
"We look forward to filing post-trial motions and vigorously representing the Chrisleys," said Alex Little, lead counsel and Partner in Burr & Forman's Nashville office. "Because trials like this are complex, it's important that they be fair. We intend to challenge both the sufficiency of the verdicts and the fairness of the trial that led to them."
Todd and Julie Chrisley are co-stars of "Chrisley Knows Best," the most-watched reality show on USA Network. The Department of Justice charged them with bank fraud and tax evasion in August 2019. A jury returned a guilty verdict on June 7, 2022. The couple's sentencing is currently scheduled for October 6, 2022.
Alex Little is a former federal prosecutor and has extensive experience representing defendants in federal criminal appeals. He focuses his practice on criminal defense, litigation, and government investigations and regularly serves as a legal analyst and commentator for national and international news networks. Also joining the Chrisleys' legal team are Burr & Forman Partner Travis Ramey and Associate Zack Lawson.
For more than a century, Burr & Forman LLP's experienced legal team has served clients at the intersection of business and government. With 350 attorneys and 19 offices across Alabama, Delaware, Florida, Georgia, Mississippi, North Carolina, South Carolina, and Tennessee, Burr & Forman draws from a diverse range of industry experience and practice knowledge to help clients address their legal needs and achieve their goals. For more information, visit the firm's website at www.burr.com.
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SOURCE Burr & Forman LLP | https://www.kxii.com/prnewswire/2022/06/17/burr-amp-forman-team-will-represent-todd-julie-chrisley-appeal-fraud-convictions/ | 2022-06-18T00:33:05Z |
Over 1,100 Supporters to join Underwood and Former University of Illinois Coaches Lon Kruger, Bill Self to Support the Charity's "Kickin' Cancer" Event
GORDYVILLE, Ill., April 5, 2022 /PRNewswire/ -- The American Cancer Society's University of Illinois Coaches vs. Cancer Dinner and Auction on Tuesday, April 12, 2022, has sold out. With the significant interest in helping us meet our goal of raising more awareness about the charity's vision of a world free from this terrible disease, limited access will be available for press/media to attend the "Kickin'Cancer" event.
Coaches vs. Cancer is a 25-year+ collaboration between the American Cancer Society and the National Association of Basketball Coaches (NABC) that empowers coaches, their teams, and communities to unite to save more lives from cancer. The April 12th event in downstate IL will be a unique evening of sports talk, tasty food, guest speaker Coach Underwood, special appearances by coaches Lon Kruger and Bill Self - whose team KU beat UNC on Monday night winning the 2022 NCAA Tournament - the largest comeback in championship history - live and silent auctions, and more!
The American Cancer Society - the largest private, not-for-profit funder of cancer research in the U.S. - has invested more than $4 billion since 1946. Although 1.5 million lives have been saved in the US in the past two decades, Kickin' Cancer - with the support of the three coaches - aims to finish the fight against every cancer in every community.
Contact mandie.ernst@cancer.org immediately if your media company plans to attend Kickin' Cancer.
About the American Cancer Society
The American Cancer Society is on a mission to free the world from cancer. We invest in lifesaving research, provide 24/7 information and support, working to ensure individuals in every community have access to cancer prevention, detection, and treatment.
About Coaches vs. Cancer
Coaches vs. Cancer is a collaboration between the American Cancer Society and the National Association of Basketball Coaches (NABC) empowering coaches, their teams, and communities to unite to save more lives from cancer. This program leverages the personal experiences, community leadership, and professional excellence of basketball coaches nationwide to increase cancer awareness and promote healthy living through year-round awareness efforts, fundraising activities, and advocacy programs.
Media Contact:
Angela Stacy
angela.stacy@cancer.org
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SOURCE American Cancer Society in Illinois | https://www.kxii.com/prnewswire/2022/04/05/sold-out-coaches-vs-cancer-dinner-hosted-by-university-illinois-coach-brad-underwood-special-guests-kansas-head-coach-bill-self-legendary-illini-lon-kruger/ | 2022-04-06T01:13:55Z |
SHANGHAI, July 24, 2022 /PRNewswire/ -- Qiming Venture Partners' portfolio company InventisBio (SHSE: 688382), a leading company in innovative drug development, today listed on the Science and Technology Innovation Board (the "STAR Market") of the Shanghai Stock Exchange. The issue price is CNY 18.12 per share, representing a market cap of CNY 10.419 billion.
Qiming Venture Partners invested in InventisBio in September 2020. The successful listing of the company marks the fourth IPO in Qiming's portfolio in 2022. InventisBio has become the ninth portfolio company listed on the STAR Market.
InventisBio is a China-based global biotech company dedicated to the research and development (R&D) of innovative drugs, with a focus on cancer, metabolic diseases and other major diseases. The company is co-founded by several professional experts with international backgrounds. InventisBio's core R&D team members have an average of more than 20 years of experience in innovative drug R&D and team management in multinational pharmaceutical companies.
With strength and rich experience in drug R&D, InventisBio has independently developed a series of innovative targeted drugs with patent protection, covering non-small cell lung cancer (NSCLC), breast cancer, colorectal cancer and other solid tumors, as well as metabolic diseases such as hyperuricemia and gout.
InventisBio has business cooperation with well-known pharmaceutical enterprises including Betta Pharma, Pfizer, and Merck (MSD) among many others. Currently, with three core products at the clinical trial stage, five projects at the pre-clinical stage, and three core products entering phase II or phase III clinical registration trials, the company has been foremost among those who have made progress in drug R&D in China and even the world.
According to InventisBio, the company is committed to addressing unmet medical needs, developing innovative drugs with proprietary rights to be marketed worldwide, and consistently providing patients with safer, more effective and more affordable treatments. The successful listing on the STAR Market brings a new opportunity to InventisBio. The company will accelerate its product industrialization and commercialization, while continuing to enrich the product pipeline by advancing more candidate compounds into global clinical trial phases.
Dr. Kan Chen, Partner of Qiming Venture Partners, said, "Equipped with rich experience in innovative drug development, InventisBio's team has profound insights into the industry trends. The company's product pipeline has made progress to date. Many projects have entered the clinical stage or late-clinical stage and demonstrated best-in-class potential. The company's IPO is a new starting point, and we look forward to InventisBio strengthening its industrialization and commercialization capability to better benefit patients with more of its products entering the late-clinical stage and obtaining approval to be marketed."
About Qiming Venture Partners
Founded in 2006, Qiming Venture Partners is a leading China venture capital firm with offices in Shanghai, Beijing, Suzhou, Hong Kong, Seattle, Boston and the San Francisco Bay Area.
Currently, Qiming Venture Partners manages eleven US Dollar funds and seven RMB funds with $9.4 billion in capital raised. Since our establishment, we have invested in outstanding companies in the Technology and Consumer (T&C) and Healthcare industries at the early and growth stages.
Since our debut, we have backed over 480 fast-growing and innovative companies. Over 180 of our portfolio companies have achieved exits through IPOs at the NYSE, NASDAQ, HKEX, Shanghai Stock Exchange or Shenzhen Stock Exchange, or through M&A or by other means. There are also over 70 portfolio companies that have achieved unicorn status.
Many of our portfolio companies are today's most influential firms in their respective sectors, including Xiaomi (SEHK:1810), Meituan (SEHK:3690), Bilibili (NASDAQ:BILI, SEHK:9626), Zhihu (NYSE: ZH, SEHK: 2390), Roborock (SHSE:688169), Gan & Lee Pharmaceuticals (SHSE: 603087), Tigermed (SZSE:300347, SEHK:3347), Zai Lab (NASDAQ:ZLAB, SEHK:9688), CanSino Biologics (SEHK:6185, SHSE:688185), Schrödinger (NASDAQ:SDGR), APT Medical (SHSE:688617), New Horizon Health (SEHK:6606), Venus MedTech (SEHK:2500), Sanyou Medical (SHSE:688085), AmoyDx (SZSE:300685), Berry Genomics (SZSE:000710), SinocellTech (SHSE: 688520), Yuanxin Technology, dMed-Clinipace, Belief BioMed, WeRide, Biren Technology and UBTech among many others.
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SOURCE Qiming Venture Partners | https://www.mysuncoast.com/prnewswire/2022/07/25/qimings-portfolio-company-inventisbio-lists-star-market/ | 2022-07-25T04:49:42Z |
The sun had just come up Monday when Temple took the practice field, shining bright light upon a new endeavor.
Four months from now, the Wildcats would like to walk off the turf as the final curtain drops on the 2022 football season.
“December 17 at 3 p.m.,” sweat-soaked senior linebacker Taurean York said, reciting the schedule details of this year’s Class 6A Division II state championship game.
There’s plenty to do before then — and there’s a chance Temple, should it make the playoffs for a 10th consecutive season, could be 6A-DI — but the Wildcats dug into their quest on Day 1 of fall camp at dawn with plenty of hopes and high expectations on the horizon to chase.
“It’s crazy because literally I was just in middle school being a ball boy watching, knowing one day I’ll be up here,” said wide receiver Mikal Harrison-Pilot, a four-year starter like York. “Now, I look up, it’s my senior year and I have to try to do something this year because I have to leave my legacy here. But, it all went by so fast. I’m not going to regret anything I do, do everything at full speed and whatever happens, happens.”
The happenings Monday began when the locker rooms opened at 6 a.m. Soon enough, the Wildcats were on the field for what amounted to an afternoon-heat-avoiding 3-hour practice.
“Everybody was yelling and yappin’ like they were ready for it,” Harrison-Pilot said. “I feel like it’s going to be a special year. I feel that energy we have, we brought it today and hopefully we can carry it on.”
Seventh-year head coach Scott Stewart roamed here and there on some of the few remaining patches of green grass in town. His was a watchful eye in addition to the hovering drone and cameras perched on tripods high above. Trainers stood by with water ready, whistles chirped and buzzers sounded.
“Kids were excited. That’s the good part. Day 1, I’m not going to say it’s the easy part, but it’s easier than Day 2 and Day 3,” Stewart said.
“Everybody wants to talk to me about goals. I don’t ever circle anybody on the schedule. If we can be better tomorrow than we were today, and you can do that enough times in a row, that at least gives you a chance to talk about doing something special later on. We ain’t talking about something special right now.”
Temple is coming off a 9-3 campaign in 2021 that included a second straight unbeaten run to the District 12-6A title but also a second consecutive area-round loss to Rockwall-Heath.
The Wildcats are picked by many to successfully defend their league championship and will aim to meet those prognostications with plenty of returning starters and experience on both sides of the ball, including the aforementioned York — a Baylor commitment who said he’ll also take official visits to Mississippi and LSU — and highly touted receiver Harrison-Pilot, who narrowed down his collegiate choices to five (Texas, TCU, Houston, California and Oklahoma).
Harrison-Pilot, who expects to play multiple positions again this season after stints at receiver, quarterback and safety in 2021, said he is finalizing a “special” date to announce his collegiate choice. He said staying in state is important and that Texas, TCU and Houston are “my favorites right now.”
Junior quarterback Reese Rumfield is back for Year 2 and will have three veteran starters on the offensive line in Endrei Sauls, Jeremiah Mungia and Agustin Silva. New Mexico State commit Naeten Mitchell at safety, Zion Moore at linebacker, and Jaylon Jackson and Ayden Brown on the line are among the defensive returners.
“It was a really solid first day,” said Sauls, who moves from tackle to center. “It felt good to get back into helmets, felt good to get back into the groove of things.”
Others, of course, will stake their claim to spots up for grabs, which makes these next three weeks prior to Game 1 all the more vital in the overall quest for success.
“It’s going to be fun. This is a good group. They work their tails off. There’s never been a whole lot of that prima donna stuff here. There’s just not,” Stewart said. “As far as how talented we’ll be compared to years past, I guess we’ll see. There’s plenty out there. But, I do like their mentality and mindset — the kind of yeomen, blue-collar approach. Just grab your hard hat and go.”
How far Temple goes is the offseason topic of choice. By all accounts, the tone set during the first practice had the Wildcats at least pointed in the right direction.
The season opener is Aug. 27 at McKinney at a new time of high noon (it was originally slated for 1 p.m.), meaning the countdown truly is on and there are no seconds to waste. York, who seemingly hasn’t pressed pause over the last four seasons and was up by 4 a.m. Monday, knows the importance of embracing opportunity.
“I think that I’ve worked really hard from day one when I was 14 to my senior year when I’m 17. Time has flown by tremendously fast. Football is a game. When you do the same thing over and over, days pile up on top of each other. It’s gone by fast but I have to take advantage of every day,” said York, twice a district defensive MVP.
“I think the entire team, honestly, can just use that extra edge, and that’s why I’m here.” | https://www.tdtnews.com/sports/article_f3a32f38-177d-11ed-be60-5b2b0eb1a830.html | 2022-08-09T04:02:06Z |
New Rise Renewables Reno Deploys Breakthrough Technology to Turn Renewable Feedstocks into Diesel that Burns Clean; Project Funded by USDA-Guaranteed Loans Arranged by Greater Commercial Lending
RENO, Nev., Aug. 10, 2022 /PRNewswire/ -- One of the country's most advanced renewable fuel plants will officially launch operations at Tahoe-Reno Industrial Center in Storey County, Nevada. New Rise Renewables Reno will produce 44 million gallons per year of renewable diesel made from triglyceride oils from sources such as corn.
The renewable diesel produced by New Rise Renewables Reno is completely interchangeable with diesel derived from petroleum and can efficiently power diesel engines, such as semi-trucks and large-scale emergency generators. The fuel burns with clean emissions. Phillips 66 is under contract to supply all of the feedstock for New Rise Renewables Reno and will purchase 100% of the renewable diesel product for use and sale nearby in California, according to New Rise Renewables Reno, which is owned by Nevada-based RESC Renewables Holdings.
Representatives from Nevada Governor Steve Sisolak, Nevada Congressman Mark Amodei and Nevada Senators Catherine Cortez Masto and Jacky Rosen inaugurated the facility at an on-site event today along with Storey County officials.
"New Rise Renewables and its proven technology represent the future. Renewable diesel is emerging as the renewable fuel of choice as the world begins to move away from fossil fuels. Notably, unlike ethanol or biodiesel, renewable diesel does not, and is not, mixed with petroleum products in order to perform," said Jeremy Gilpin executive vice president of Reno-based Greater Commercial Lending (GCL), which facilitated $112.6 million in government-guaranteed credit for the development of New Rise Renewables Reno.
"GCL is proud to have helped assemble the loan package that made New Rise Renewables Reno possible. It is one of only a few significant renewable diesel plants in the U.S., though there are certainly more on their way. A notable fact about the facility is that once it is in full operation, it will require minimal external energy. It will use its own internal energy recovery system to power the production of renewable diesel," Gilpin added.
Eighty percent of the GCL-arranged financing for New Rise Renewables Reno is guaranteed by the United States Department of Agriculture (USDA) via its 9003 Biorefinery, Renewable Chemical and Biodiesel Production Manufacturing Assistance Program. The financing structure includes participation by GCL parent Greater Nevada Credit Union, other credit unions, insurance companies and secondary market groups.
Said Randy Soule, leader of the New Rise Renewables Reno facility, "The USDA-guaranteed financing was what enabled the project. The favorable, flexible terms of the government guaranteed loan package were essential. With flexible financing, the financials may not have worked out, and our team wouldn't have been able to maintain complete oversight and control."
"Congratulations to New Rise Renewables Reno, and thanks to Greater Nevada Credit Union for supporting quality industries in Nevada," said Nevada Congressman Mark Amodei.
Nevada U.S. Senator Catherine Cortez Masto added, "Northern Nevada's clean energy companies are helping us combat the climate crisis while fueling our economy and creating good-paying jobs for Nevadans. Businesses like New Rise Renewables are proof of what's possible with government-guaranteed loans, and when we all come together at a federal, state, and local level to foster innovation and growth. I'm proud to see this facility come online, and I'll keep working to support our clean-energy economy throughout Nevada."
"Nevada is a leader in clean energy, and I'm proud to continue fighting to bring more good-paying, clean energy jobs to our state," said Nevada U.S. Senator Jacky Rosen. "Renewable diesel plants like New Rise Renewables will help create jobs while helping our country move towards a cleaner energy future. I'm thankful to the U.S. Department of Agriculture for helping clean energy companies like this one in our state."
The New Rise Renewables Reno plant, which was developed by retrofitting an existing fuel plant, is projected to save nearly 880 million pounds of carbon emissions, the equivalent of removing 88,000 vehicles from the roads. The primary plant has been completed, and a pre-treatment and energy recovery system, designed to increase output and operational efficiency, will be fully operational in early 2023. The facility uses the most advanced renewable diesel technology in the U.S.
Renewable diesel is made by causing chemical reactions through the addition of hydrogen to the natural fats and oils. New Rise has deployed proven state-of-the-art efficient and cost-effective technology methods, which involves hydrogenating the triglycerides. The process uses hydrogen, pressure, catalyst and heat in an efficient manner, allowing reactions to be uniform and controlled – increasing yield, lowering operating costs and allowing for feedstock flexibility.
The fuel plant is located in the Tahoe-Reno Industrial Center, the largest industrial park in the world. Other occupants include Tesla, Walmart, Google, FedEx, Switch and Panasonic.
Greater Commercial Lending (GCL) is a credit organization that brings together credit unions and community lenders from around the U.S. to provide government-guaranteed loans to businesses and initiatives in rural and under-served markets throughout the U.S. and its territories. It helps finance key infrastructure services, like power, renewable energy, transportation and fiber optic, as well as schools, hospitals, restaurants, agriculture, hotels and manufacturers. GCL partners with the U.S. Small Business Administration (SBA) and the U.S. Department of Agriculture (USDA), which guarantee loans, to arrange credit at favorable terms. GCL is a subsidiary of Greater Nevada Credit Union (GNCU).
Greater Nevada Credit Union (GNCU) is headquartered in Carson City, Nevada and has been helping Nevadans with their financial needs since 1949. The credit union serves more than 82,200 consumers and small businesses and has over $1.73 billion in assets. GNCU's subsidiaries include Greater Nevada Mortgage, Greater Commercial Lending and Greater Nevada Insurance. GNCU is a certified Community Development Financial Institution (CDFI), and has been consistently recognized as a Best Financial Institution in many of its service areas and as a top employer by the Reno/Tahoe Best Places to Work Awards and is the USDA Lender of the Year. GNCU is also the title sponsor of Greater Nevada Field in Reno. For more information, call (800) 421-6674 or visit www.gncu.org.
Media contact:
Michael-Jon Romano
Allison+Partners
michael-jon.romano@allisonpr.com
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SOURCE Greater Commercial Lending | https://www.wibw.com/prnewswire/2022/08/10/renewable-diesel-plant-with-potential-save-880-million-pounds-carbon-emissions-per-year-launches-operations-reno/ | 2022-08-10T19:23:02Z |
PITTSBURGH, June 6, 2022 /PRNewswire/ -- "I thought there should be a way to stay hydrated in bed without having to reach for a glass of water," said an inventor, from Cincinnati, Ohio, "so I invented the COMFY HYDRATOR. My design would provide convenient access to drinking water while resting."
The patent-pending invention provides a convenient way to drink water/fluids while relaxing on a pillow. In doing so, it eliminates the need to drink from a traditional cup. As a result, it offers added comfort and relief from thirst and it enables the user to stay hydrated. The invention features a practical and user-friendly design that is easy to use so it is ideal for households, patients, children, elderly individuals, etc. Additionally, it is producible in design variations.
The original design was submitted to the Cincinnati sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-CNH-101, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com.
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SOURCE InventHelp | https://www.mysuncoast.com/prnewswire/2022/06/06/inventhelp-inventor-develops-modified-pillow-promote-hydration-cnh-101/ | 2022-06-06T15:46:26Z |
The company's eighth annual event advances culture of equity, diversity, inclusion and well-being for all
Hundreds of employees volunteer time and talent, give back to local communities
STAMFORD, Conn., July 19, 2022 /PRNewswire/ -- This week, Synchrony launched its three-day Global Diversity Experience, an annual event for all employees, leaders and members of Synchrony's Board of Directors to deepen understanding and make measurable progress on equity, diversity and inclusion goals while advancing a culture of belonging and well-being for all. Employees will hear from thought-provoking guest speakers who represent perspectives of the company's diverse workforce, engage in honest conversations through interactive workshops and participate in service initiatives to support their local communities.
The global event, which is hybrid for the first time, supports the company's new way of working, allowing employees to participate in-person at a forum in the Washington, DC region; at a Synchrony hub location in one of seven cities, including its Stamford, CT headquarters; or virtually.
"Diversity, equity and inclusion has always been and will continue to be a strategic imperative for us. It is core to our values and DNA. We're proud to have cultivated one of the most diverse workplaces in our industry," said Brian Doubles, Synchrony President and CEO. "But we also know that there is more work to do. This Global Diversity Experience – where we encourage all employees to participate – is an opportunity to pause, reflect, listen and together deliver meaningful action across our organization and within the communities we serve."
Congressional Black Caucus Chair and Congresswoman Joyce Beatty (OH-03) and Synchrony Chief Diversity, Inclusion and Corporate Responsibility Officer Michael Matthews kicked off the event on Monday, welcoming employees who participated in a meaningful learning experience focused on tackling equity issues to better understand the deep-rooted causes of outcome disparities.
Following the discussion, hundreds of employees volunteered in a hands-on community service initiative called "Synchrony's Great Giveback" in collaboration with Prince George's County Public Schools (PGCPS) and nonprofit Volunteer Fairfax, assembling 10,000 empowerment backpacks with school supplies for underserved elementary students. These school essentials will be distributed next month at PGCPS' "Back 2 School Drive & Dash" event for students and their families. Synchrony Foundation President Denise Yap also presented PGCPS Associate Superintendent of Student Services Dr. Elizabeth Faison with a $10,000 grant to support local schools.
"At Synchrony, our dedication to inclusion has led us to create a diverse culture that is anchored in equity and inclusion. Together we have embraced – and challenged – our way of thinking, held ourselves accountable and gained new perspectives," said Michael Matthews, Synchrony Chief Diversity, Inclusion and Corporate Responsibility Officer. "Through it all, we have welcomed change and created safe spaces for employees to show up authentically, make their voices heard and make a difference."
Synchrony's Global Diversity Experience
This year's event theme, Reflect Forward - Beyond All Boundaries, emphasizes that understanding the past is critical to think differently and to continue to advance equity, diversity and inclusion.
During the Global Diversity Experience, Synchrony employees across all levels from the call center to the Board of Directors will hear several keynote and panel discussions, including conversations with Brian Doubles, Synchrony Chief Human Resources Officer DJ Casto, Ariel Investments President and Co-CEO Mellody Hobson, CNN "This is Life" Executive Producer and Host Lisa Ling and CEO of Reimagine Gender Lisa Kenney, along with diverse Synchrony leaders.
Workshop activities include:
- Factuality, The Game: An interactive experiential learning session that simulates real-life experiences of structural inequality, played with diverse characters who encounter a series of fact-based advantages and limitations based on the intersection of their race, class, gender, sexual orientation, faith, ability and age.
- Unleashing Neurodiverse Superpowers: An immersive simulation that allows participants to experience firsthand the strengths and challenges of the most common neurodiversities, using real business scenarios. The program is designed to help employees support the many ways people learn, think and interact and support a culture of mental wellness.
- Reimagining Gender: A deep dive into the gender spectrum and related prejudice, assumptions, and privilege. This session will explore the fast-changing gender landscape and provide practical tools to encourage inclusivity.
Advancing a culture of inclusion and well-being for all
To continue to drive progress over the long term, Synchrony treats equity, diversity and inclusion as a strategic business imperative, starting with support from Synchrony's executive leadership team, Board members and employee engagement at all levels of the company.
- Synchrony has deepened measures to develop and advance diverse talent, focused on increasing Black and Hispanic employee representation at all levels and, in particular, at the vice president level and above through a data-driven approach. The company has created diverse candidate slates for senior roles and included diversity improvements among the metrics used to determine bonus funding for Synchrony leaders. Through the Synchrony Advancing Diverse Talent Leadership Institute, the company has redesigned its leadership development programs so that diverse employees can gain executive coaching, sponsorship and mentorships with senior vice presidents and executive leaders.
- Synchrony's culture has been and continues to be based on belonging. To bring honest conversations to the forefront and ensure everyone's voices and ideas are heard, Synchrony has made active listening a more intentional, ongoing and consistent part of how the company operates, adapting its programs and benefits based on input across its eight Diversity Networks+, to which 60 percent of its workforce (more than 10,000 employees) belong. Synchrony included the "+" to its Diversity Networks to encourage all employees to partner as an ally and "be the plus."
- The company provides mental health resources and well-being coaches to help families navigate complex issues and reduce the stigma around mental health issues. Based on input from its Diversity Networks+, the company expanded its roster of diverse well-being coaches to better support employees' needs.
- Synchrony and the Synchrony Foundation's $50 million, five-year initiative (Education as an Equalizer) increases access to higher education, skills training in high-growth fields, and financial empowerment for underserved communities and its own workforce.
About Synchrony
Synchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry's most complete digitally-enabled product suites. Our experience, expertise and scale encompass a broad spectrum of industries including digital, health and wellness, retail, telecommunications, home, auto, outdoor, pet and more. We have an established and diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers, which we refer to as our "partners." We connect our partners and consumers through our dynamic financial ecosystem and provide them with a diverse set of financing solutions and innovative digital capabilities to address their specific needs and deliver seamless, omnichannel experiences. We offer the right financing products to the right customers in their channel of choice. For more information, visit www.synchrony.com and Twitter: @Synchrony.
Media Contact:
Angie Hu
Synchrony
Angie.Hu@syf.com
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SOURCE Synchrony Financial | https://www.wibw.com/prnewswire/2022/07/19/synchrony-convenes-employees-three-day-global-diversity-experience/ | 2022-07-19T15:17:29Z |
Legislation introduced to immediately end payments to Russian energy sector ahead of deadline
TOPEKA, Kan. (WIBW) - Senator Roger Marshall has helped to introduce legislation that would immediately end all payments to the Russian energy sector - ahead of the June 24 deadline.
U.S. Senator Roger Marshall (R-Kan.) says he has joined Sens. Mike Braun (R-Ind.) and Rick Scott (R-Fla.) to introduce legislation that would close a loophole created by President Joe Biden’s administration. He said the loopholes allow financial transactions with Russia related to energy to be finished by June 24.
“The Ukrainian people can win this war, but not if the U.S. continues to line the pockets of war criminal Vladimir Putin,” said Senator Marshall. “The ruble has recovered from the shock of the initial round of sanctions and atrocities continue to be carried out against the Ukrainian people. High gas prices and food shortages caused by the ongoing conflict are also becoming a major threat to the United States and the world. Just yesterday President Biden announced additional sanctions on Russia but none that will deliver such a blow as stopping energy payments through Russia’s biggest banks, including the Central Bank of Russia. While today’s votes in the Senate were an important step, we must step up and put these energy-related sanctions into effect immediately.”
Sen. Marshall said allowing these transactions to continues to fund Putin’s war against Ukraine.
“If we’re going to hit Russia’s economy where it hurts, their oil and gas industry – 40% of Russia’s annual federal budget – cannot be off the table. I’m proud to join Senator Marshall on this bill to close the loophole on energy transactions now and stop lining the pockets of the Russian Federation and the Putin regime,” said Senator Braun.
The legislation follows reports of the Russian ruble becoming the top-performing currency in the world, which Marshall said proves Russia’s economy is able to sustain current sanctions and attacks on Ukraine in the long term because President Biden has refused to take swift action against the Russian energy sector.
“It’s unacceptable that there are loopholes in our sanctions that allow money to flow to Russian energy companies for another three months. We must make completely clear to Russian oil companies that the U.S. stands for freedom. This good bill will close that loophole and actually stand up to Putin’s disgusting, tyrannical regime,” said Senator Rick Scott.
Marshall said the legislation would enforce sanctions on Russian energy shipments immediately, which will nullify the June 24th grace period.
On Feb. 28, Marshall said the Office of Foreign Assets Control issued General License 8A, which allows transactions prohibited by Biden’s sanctions on financial institutions so long as the transaction is “related to energy” until June 24.
On March 4, the Treasury issued new Frequently Asked Questions which stated, “The energy sector of the Russian Federation economy itself is not subject to comprehensive sanctions.”
Marshall said this has helped Putin continue the invasion of Ukraine by allowing financial institutions and individuals to continue to facilitate revenue in the energy industry. He said the oil and gas industries account for about 40% of Russia’s annual federal budget.
Marshall noted the legislation would simply terminate General License 8A and reaffirm the sanctions issued on Russian entities will apply.
To ensure the U.S. applies maximum pressure on Russia, Marshall said he will introduce the bill on the same day he plans to vote in favor of legislation to remove Russia’s favored nation status and ban Russian oil imports.
In March, Marshall said he introduced legislation that would also quickly ban the U.S. purchase of Russian oil. He said the legislation was introduced ahead of Biden’s address to the nation in response to the invasion of Ukraine.
To read the entirety of the legislation, click HERE.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/04/07/legislation-introduced-immediately-end-payments-russian-energy-sector-ahead-deadline/ | 2022-04-07T18:42:22Z |
Study results will shape strategy to become a top-ten fastest-growing economy by 2033
COLUMBIA, Md., Sept. 14, 2022 /PRNewswire/ -- TEDCO, Maryland's economic engine for technology companies, announced today it has selected RTI International (RTI) and its partner Keen Point Consulting to analyze Maryland's national position in cybersecurity, the life sciences, and advanced and emerging technology industries, producing a study that will shape Maryland's innovation competitiveness strategy.
"We have an ambitious but attainable goal here in Maryland: to vault our state to the list of top-10, fastest-growing innovation economies, with the economic benefits shared broadly by all Marylanders," said TEDCO CEO, Troy LeMaile-Stovall. "TEDCO has selected RTI and its knowledgeable experts to perform the analysis needed to reach that goal, and we're eager to get started on this crucial work that will both accelerate our state's innovation economy and offer exciting new career opportunities to residents who have been under-represented in Maryland's advanced tech fields."
The Maryland General Assembly tasked TEDCO with overseeing the study, which will include an examination of publicly financed advanced industry investment funds in other states and an analysis of minority participation in Maryland's advanced technology industry careers. RTI will begin work this month, with a completed report due by December 30, 2022.
"This study is crucial to our goal of increasing the number of companies working in high-growth, high wage industry sectors like cybersecurity, medtech and therapeutics. RTI and partner Keen Point Consulting have a deep understanding of the factors driving innovation- and technology-based economic growth and development, as well as the data that can be used to identify potential targets for Maryland's innovation strategy, including increasing the participation of people of color and diverse communities," said Stephen Auvil, TEDCO Chief Program Operations Officer.
RTI International is an independent, nonprofit research institute dedicated to improving the human condition by turning knowledge into practice. RTI works to deliver reliable data, thorough analysis, innovative methods, novel technologies, and sustainable programs that help clients inform public policy and ground practice in evidence. Their global staff of nearly 6,000 works in more than 75 countries—tackling hundreds of projects each year to address complex social and scientific challenges on behalf of governments, businesses, foundations, universities, and other clients and partners.
RTI's partner for this project is Keen Point Consulting, a small, minority-owned (African American) firm whose President specializes in technology-based economic development and brings practical experience developing and implementing programs to support founders of color and their businesses. RTI and Keen Point have partnered on the creation of three state science and technology plans over the last 3 years.
TEDCO has been charged by the Maryland General Assembly to deliver a report on the effectiveness and impact of the State's current economic development strategy or actions as it relates to specific areas, including financial, policy, and governance recommendations for the establishment of a Maryland Equitech Growth Fund.
TEDCO will use the final report to begin a statewide strategic planning process that will include building a consensus around the steps needed to make Maryland a top-ten, fastest-growing innovation economy by 2033 and a top ten global innovation economy by 2050. Initial thinking about this effort suggests a need to focus on creating a culture of innovation, entrepreneurship, and leadership across all communities in Maryland with a specific focus on our youth, the future leaders of our business community.
TEDCO sent out a Request for Proposals (RFP) on June 24, 2022. The RFP sought qualified firms that could collect data, perform analyses and generate a final report on several specific areas associated with the impact of Maryland's current economic development strategy or actions—especially as it applies to ensuring Maryland's long-term leadership in building an inclusive, advanced, tech-based, innovation and entrepreneurial culture across the state. The proposal due date was August 1.
A total of 14 firms submitted competitive applications, which were reviewed and scored according to criteria set forth in the RFP. Four finalists were selected and interviewed and RTI was selected. The company was engaged on September 9. A final report will be delivered by December 30, 2022.
TEDCO, the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland. Learn more at www.tedcomd.com.
Media Contact
Tammi Thomas, Chief Marketing & Communications Officer, TEDCO, tthomas@tedco.md
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SOURCE TEDCO | https://www.wibw.com/prnewswire/2022/09/14/tedco-announces-selection-rti-international-conduct-innovation-competitiveness-study-maryland/ | 2022-09-14T18:02:19Z |
CAMP HILL, Pa., June 27, 2022 /PRNewswire/ -- LINKBANCORP, Inc. is excited to announce the appointment of Adam Pierce as Chief Operations and Technology Officer.
As a member of the executive team, Mr. Pierce will lead the company's operations and technology functions, aligning technology strategy to achieve business success. He brings over 25 years of experience and strategic leadership in technology, primarily championing technology innovation, integration, and transformation initiatives.
Mr. Pierce has extensive background in bank operations, data management, program management, technology and information security, most recently as Director of Enterprise Data & Applications at The Bryn Mawr Trust Company. Previously, Mr. Pierce served as Head of Enterprise Data Engineering & Architecture for BB&T Corporation and Principal Architect for Susquehanna Bank.
"Adam's addition to our team brings a proven leader with deep technology expertise and a track record of collaborating and innovating in technology and bank operations," said Andrew Samuel, CEO. "Under Adam's leadership, we will continue our efforts to acquire and leverage innovative technology to facilitate an outstanding client and employee experience."
Commenting on what drew him to join the LINKBANCORP team, Mr. Pierce added, "LINKBANCORP's principles aren't something that hang on a wall, they live and breathe and grow in everything. Through every product, every service, every interaction, the mission and values are evident and upheld by every team member. Many companies in many industries can have success and achieve results; few have the passion and determination to truly benefit the communities they serve."
Mr. Pierce resides in Mickleton, New Jersey with his wife and two children. He earned a bachelor's degree from Rowan University and a master's degree from Penn State University. Mr. Pierce is active in ministries supporting families with special needs members, and men in recovery and correctional facilities.
About LINKBANCORP, Inc.
LINKBANCORP, Inc. was formed in 2018 with a mission to positively impact lives through community banking. Its subsidiary bank, The Gratz Bank, is a Pennsylvania state-chartered bank serving individuals, families, nonprofits and business clients throughout Central and Southeastern Pennsylvania. LINKBANCORP, Inc. operates through 10 client solutions centers of The Gratz Bank and LINKBANK, a division of The Gratz Bank. LINKBANCORP, Inc. common stock is traded over the counter (OTC Pink) under the symbol "LNKB." To learn more, visit: https://ir.linkbancorp.com/
Contact:
Nicole Ulmer
Corporate and Investor Relations Officer
717.803.8895
NUlmer@linkbank.com
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SOURCE LINKBANCORP, INC. | https://www.kxii.com/prnewswire/2022/06/27/linkbancorp-appoints-chief-operations-technology-officer/ | 2022-06-27T13:07:47Z |
LEAWOOD, Kan., Aug. 4, 2022 /PRNewswire/ -- Torch.AI, pioneers of data infrastructure AI, announced today the U.S. Navy has awarded a new 5-year agreement to provide next generation AI and data infrastructure software capabilities for the U.S. Navy's Digital Warfare Office (DWO).
The new artificial intelligence ecosystem will provide AI and machine learning capabilities for Warfighting Naval Forces. The ecosystem is designed to equip the Navy to better operate and maintain their operational fleet across a complex, siloed IT environment including cloud compute, storage, hardware, and cloud edge devices used for data lakes at unclassified, secret, and top-secret levels.
Torch.AI will provide acquisition, transformation, and enrichment of proprietary sensor, vessel, and other complex maritime data sources from multiple U.S. Navy platforms into commercially consistent data payloads for ubiquitous data access. The systems also support the delivery of data pipelines for the Navy's AI/Machine Learning (ML) personnel responsible for conducting AI/ML algorithm and model development.
"We've made tremendous strides in advancing the Navy's maritime capabilities with data and AI," says Brad Kolarov, Torch.AI's VP of Mission Systems and former Navy SEAL. "It's exciting to see the impact we can have on the organization and military personnel, and we're thrilled to be able to support this mission."
The Navy established the Digital Warfare Office in December 2016 to lead efforts to better utilize the vast amounts of data produced each day and to further advance its competitive advantage across all mission areas. The U.S. Navy is the largest and most powerful navy in the world with nearly 350,000 active-duty personnel, 300 deployable combat vessels and 3,000 operational aircraft.
"The speed of data dictates the demands of today's multi-domain battlefield. Machine speed and machine scale are critical advantages needed today," added Brian Weaver, Founder and CEO of Torch.AI. "We are extremely excited to continue to expand our support of the national security mission with Torch.AI's proven expertise in data infrastructure and mission-ready AI solutions. We are all in."
Torch.AI is the data infrastructure AI company with headquarters in Kansas City and offices in Washington, DC. The company is pioneering the use of AI to process data in-flight, radically evolving analytic and operational capabilities in any IT environment. Torch.AI's products and people are currently actively supporting operations in industries including financial services, construction and engineering, healthcare, and the US Department of Defense, US Department of Homeland Security, and other agencies.
To learn more about the company, visit Torch.AI.
Media contact:
hello@torch.ai
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SOURCE Torch.AI | https://www.kxii.com/prnewswire/2022/08/04/torchai-tapped-deliver-ai-ecosystem-warfighting-naval-forces/ | 2022-08-04T11:09:18Z |
Bringing Two Industry Leaders Together
TORONTO, June 6, 2022 /PRNewswire/ - Robert Herjavec, star of ABC's Emmy award-winning show Shark Tank and former CEO of #1 ranked MSSP Herjavec Group, announces Cyderes, the newly formed rebrand of Herjavec Group and Fishtech Group. Cyderes brings together two industry-leading managed service providers and creates a new category leader in the MSSP, MDR, XDR, and co-managed SIEM markets.
Funds advised by Apax partners, a $60 billion global private equity advisory firm, who in 2021 made a majority investment in Herjavec Group, later doubled down on that investment with the previously announced merger of Fishtech Group. Rohan Haldea, Partner, Apax commented "It's a rare opportunity to bring together two industry leaders into one market-defining company. The cybersecurity market continues to grow at unprecedented rates – and Cyderes will quickly become the industry standard for enterprises looking for greater assurance with their risk and cyber requirements." The Apax Funds continues as the majority investor along with Gary Fish (former CEO of Fishtech), now Cyderes board member together with Robert Herjavec, Cyderes CEO (and continued board member).
Cyderes, which stands for "cyber defense and response," uses its proprietary, cloud-first technology platform called CNAP (Cloud Native Analytics Platform) to help enterprises tackle the world's biggest cyberattacks with more than 800 security professionals operating out of six state-of-the-art global security operations centers. As enterprises acquire ever-increasing security platforms (ex. Google, Microsoft, Splunk, Crowdstrike, CyberArk, SailPoint, Okta), the need for focused companies, such as Cyderes, to manage those disparate technologies and provide assurance becomes even greater. Security as a Service (SaaS) is quickly becoming the desired outcome as cyber threats grow at unprecedented rates. Cyderes is in fact a market leader when it comes to the rapidly growing identity & access management (IAM) space, combining managed services around SIEM and identity platforms in addition to a full suite of IAM solutions.
In its first quarter (Q1/22) operating as a combined entity, Cyderes saw an incredible 340% ARR growth and added over 125 new hires to what is already one of the world's largest managed security engineering teams. The combined entity won several multi-million dollar deals across its solution set.
"Across the current geopolitical landscape, we are seeing an acceleration of cyber threats like never before, and enterprises are struggling to keep up. Our customers trust us to focus on their threats, so that they can focus on their business," said Herjavec, CEO of Cyderes. "This is a big moment for us and for our clients – I couldn't be more thrilled to launch the Cyderes brand. We are building a global market leader, with a world-class team in the highly fragmented managed security sector."
The combined company's new brand will be effective June 13th, 2022, with the launch of Cyderes.com.
About Cyderes
As the #1 MSSP in the world (Cyber Defense Magazine's 2021 Top MSSPs List), Cyderes is a global cybersecurity powerhouse offering comprehensive solutions in managed security, identity and access management, and professional services for the modern enterprise. Cyderes provides the people, processes, and technology to manage risk, and detect and respond to any threats – in ways that are better, faster, more cost-effective, and more scalable than traditional in-house solutions. Cyderes has six security operations centers across the United States, Canada, the United Kingdom, and India.
About Apax
Apax Partners LLP ("Apax") is a leading global private equity advisory firm. For nearly 50 years, Apax has worked to inspire growth and ideas that transform businesses. The firm has raised and advised funds with aggregate commitments of more than $60 billion. The Apax Funds invest in companies across four global sectors of Tech, Services, Healthcare and Internet/Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. For further information about Apax, please visit www.apax.com.
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SOURCE Cyderes | https://www.wibw.com/prnewswire/2022/06/06/cyderes-new-powerhouse-managed-cybersecurity/ | 2022-06-06T15:11:59Z |
Troopers investigate fatality wreck in Garvin County
Published: Jul. 16, 2022 at 9:33 PM CDT|Updated: 45 minutes ago
GARVIN COUNTY, Okla. (KXII) - A 17-year-old male was killed Saturday morning in Garvin county after sustaining massive injuries from a car wreck.
The male was driving northbound on US Highway 77, when the vehicle departed the roadway to the right and struck a tree.
He was pronounced dead at the scene.
Oklahoma Highway Patrol report seatbelts were equipped and not in use.
The cause of the collision is still pending investigation.
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/07/17/troopers-investigate-fatality-wreck-garvin-county/ | 2022-07-17T03:20:33Z |
Hospital serving Chicago's South Side communities implements industry's leading electronic hand hygiene monitoring technology
ANN ARBOR, Mich., July 26, 2022 /PRNewswire/ -- St. Bernard Hospital, a leading Catholic community hospital and essential Safety-Net healthcare facility serving Chicago's South Side, has selected BioVigil's Hand Hygiene Monitoring Solution to help prevent hospital-acquired infections (HAIs) and provide peace of mind to patients, families, staff, and the community. With the implementation of the BioVigil Solution, St. Bernard chose cutting edge technology and analytics to support its ongoing commitment to be among the safest hospitals serving their unique community.
Hand hygiene compliance is largely recognized as one of the most critical patient safety measures to avoid preventable harm. It is now more important than ever to keep both the patients and staff as safe as possible. Poor hand hygiene contributes to 1.7 million HAIs annually – and 75,000 of those HAIs result in deaths.
"We wanted to share with our patients and families that we know patient safety is important to them. BioVigil Solution allows us to do that through visibility, transparency, and increasing compliance" said Michael Richardson, Chief Clinical, Quality & Patient Safety Officer. "When we decided to move to an electronic hand hygiene monitoring system, it needed to meet the needs of the organization and the employees who would be using it. The planning, contracting, installation, and education process could not have gone any smoother. With onsite visits, equipment checks, and reconfiguration as needed, BioVigil could answer all our questions and deal with our nuances as they arose. Over a month after installation, we gathered lots of incredible data insights from their analytics to enable our leaders to monitor their department and individual employees' overall compliance for better outcomes."
"BioVigil helps empower the healthcare team to work towards the prevention of HAIs" said Dr. Rochelle D. Bello, Director, Infection Prevention & Employee Health. "Understanding the importance of hand hygiene in the prevention of infections, we realized that our current manual method of monitoring hand hygiene was unable to provide the large quantity of detailed data needed to ensure overall hand hygiene compliance. In the interest of patient and staff safety, we looked into electronic hand hygiene monitoring systems, and after reviewing several companies, we chose BioVigil as many of the features embodied what we were looking for to help empower our healthcare team to work towards the prevention of HAIs with the ultimate goal of zero HAIs."
"BioVigil is a mission driven company that is passionate about saving lives by keeping patients and healthcare workers safe," Sanjay Gupta, CEO at BioVigil. "We are honored to partner with St. Bernard Hospital to provide the highest quality care in an under-served part of Chicago. Our values are so aligned, and we saw first-hand how deeply Mr. Richardson, Dr. Bello, and the entire team at St. Bernard genuinely care about providing the best and safest care to their community, even under challenging circumstances.'
BioVigil's technology helps hospitals ensure 97+% hand hygiene compliance, up to 80% reduction in Hospital Acquired Infections (HAIs), improved Leapfrog scores, and increased patient satisfaction scores. BioVigil has helped numerous customers, especially during the COVID-19 pandemic, with effective digital contact tracing and workflow optimization with cutting edge data analytics, helping healthcare providers to take care of patients and themselves in the safest possible environment.
St. Bernard Hospital has served the Englewood community and Chicago's South Side since 1904. The hospital has 174 licensed beds and offers primary and specialty care, behavioral health services, dental care, imaging, and rehabilitation among its services. Their mission calls to care for the sick and promote the health of the residents in the community while witnessing the Christian values of respect, dignity, caring and compassion for all persons.
BioVigil is a leader in electronic hand hygiene monitoring. Innovating since 2012, BioVigil uses technology to increase hand hygiene compliance in healthcare facilities resulting in decreased healthcare acquired infections (HAIs), improved patient engagement, accessibility to data analytics and insights, and improved Leapfrog Group grades. Learn more at https://biovigil.com/
Media Contact:
Amanda Holdan-Sinisi
amanda@biovigil.com
248-533-1664
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SOURCE BioVigil | https://www.kxii.com/prnewswire/2022/07/26/st-bernard-hospital-partners-with-biovigil-enhance-patient-staff-safety-reinforce-commitment-safest-highest-quality-care-their-community/ | 2022-07-26T15:15:53Z |
EAST RUTHERFORD, N.J. (AP) — Davis Webb and Alex Bachman put on a late show to give the New York Giants a preseason win and top draft pick Kayvon Thibodeaux put an exclamation on it by saying his knee injury wasn’t that bad.
Webb threw a 15-yard touchdown pass to Alex Bachman with 35 seconds to play to rally the Giants to a 25-22 preseason victory over the Cincinnati Bengals on Sunday night.
Before the dramatic finish, the Giants had serious concerns about Thibodeaux, the edge rusher who was the No. 5 overall pick in the draft. He hurt his right knee in the second quarter and initially it looked bad even though he walked off the field.
“I’m good, I’ll be back,” Thibodeaux said while walking past the media without a limp after the game. He said it was good news.
Coach Brian Daboll said he would discuss the injury Monday after hearing all the test results. The new coach liked what he saw on the field, especially the way his team rallied later after Cincinnati took a 22-18 lead on a 3-yard touchdown run by Jacques Patrick with 3:05 to play.
Webb’s second touchdown pass of the half to Bachman capped a nine-play, 75-yard march that pulled it out for New York (2-0). The two had combined on a 22-yarder earlier in the fourth quarter to put the Giants ahead 18-16.
Webb, who is the Giants’ third quarterback behind Daniel Jones and Tyrod Taylor, finished 22 of 27 for 204 yards.
Webb said on the game-winning TD, the Bengals played man-to-man defense and a linebacker blitzed.
“I didn’t make a good throw, I kind of babied it in there,” Webb said. “I was like, ‘Don’t miss it, he’s so open.’ I didn’t throw it good, but he made a great catch, reversed field and scored. That’s Bachman.”
Bachman, whose parents flew in from Southern California for the game, had his best day as a Giant, catching 11 catches for 122 yards in a bid to make the team’s crowded receiver group.
“I finally get an opportunity really to go out there and just appreciate the coaches for putting us in a position to be successful,” Bachman said. “And for Davis, for believing me, keep throwing me the ball … and just glad we were able to go out there and put on a show for the fans.”
The defending AFC champion Bengals fell to 0-2 as they again used younger players and rested their starters for the second straight week.
“These games are so critical,” Bengals coach Zac Taylor said. “The way we practice is so segmented, so for these guys to go out and play the length of time they do is invaluable for these guys. We hope they are learning from it.”
The Bengals opened a 16-7 lead early in the third quarter on a 1-yard touchdown run by Trayveon Williams.
Evan McPherson provided the other points for Cincinnati on field goals of 50, 44 and 31 yards.
Jashaun Corbin had scored on 2-yard run on the last series led by Jones (14 of 16 for 116 yards). Webb then rallied New York with three drives. The first ended with a 31-yard field goal by punter-turned-kicker Jamie Gillan followed by the TD passes for Bachman.
INJURIES
Besides Thibodeaux, the Giants had placekicker Graham Gano sustain a concussion, wide receiver/returner C.J. Board leave with a rib injury and linebacker and sixth-round pick Darrian Beavers sustain an injury to his left knee in the third quarter.
Cincinnati lost guard Lamont Gaillard to a calf injury in the third quarter.
NEW JOBS
With Gano out, Gillan took over the kicking duties and did a good job. Two of his kickoffs in the second half landed in the back of the end zone and were not returned. While the get-off time on his 31-yard field goal was not the fastest, it was down the middle. Safety Julian Love was the holder for the left-footed kicker.
UP NEXT
Bengals: Have Super Bowl rematch with the Rams in Cincinnati on Saturday evening.
Giants: Face the Jets on Sunday in the annual preseason game between the franchises that co-own MetLife Stadium.
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More AP NFL: https://apnews.com/hub/nfl and https://apnews.com/hub/pro-32 and https://twitter.com/AP_NFL
___
More AP NFL: https://apnews.com/hub/nfl and https://apnews.com/hub/pro-32 and https://twitter.com/AP_NFL | https://cw33.com/sports/ap-sports/webb-rallies-giants-over-bengals-with-2-td-passes-to-bachman/ | 2022-08-22T21:26:44Z |
Netwrix Auditor 10.5 streamlines regular access attestation, mitigates the risk of data leakage via Microsoft Teams, and secures data in Qumulo and Synology devices.
IRVINE, Calif., June 7, 2022 /PRNewswire/ -- Netwrix, a cybersecurity vendor that makes data security easy, announced today the release of Netwrix Auditor 10.5, a solution that has helped organizations identify and mitigate security risks for more than 15 years. The new version facilitates regular and accurate review of user access rights, controls excessive data exposure through Microsoft Teams, and enables control over sensitive data retained in Qumulo and Synology devices.
With this latest Netwrix Auditor release, organizations can:
- Conduct regular access reviews with increased accuracy and less effort. Instead of manually sending separate emails to each business owner and analyzing each response, security teams can update access rights according to aggregated input from all data owners who verify permissions and indicate necessary changes through a dedicated, user-friendly interface.
- Keep collaboration via Teams both convenient and secure. Organizations can now reduce excessive exposure of documents in Teams by tracking activity around the data being shared with external or anonymous users and spotting suspicious changes before they lead to a breach.
- Ensure the security of sensitive data across Qumulo and Synology file stores. Netwrix Auditor 10.5 gives IT teams control over sensitive data stored in Qumulo and Synology devices by reducing the risk of its improper exposure and spotting suspicious activity around it.
"Netwrix Research Lab surveyed 590 IT pros and found that 75% of them conduct periodic review of user access rights. However, 41% don't involve data owners at all, and 40% request review by manually sending permission reports to data owners via email or messenger, which makes the process not only unreliable but also quite time-consuming," said Jeff Warren, Senior Vice President of Products at Netwrix. "Netwrix Auditor 10.5 streamlines the process of soliciting and receiving feedback from data owners, which enables organizations to accurately review access rights as frequently as they need and with far less effort."
Netwrix Auditor 10.5 is now available globally. Download a free trial and get more information by visiting https://www.netwrix.com/auditor.html.
Netwrix makes data security easy, thereby simplifying how professionals can control sensitive, regulated and business-critical data, regardless of where it resides. More than 11,500 organizations worldwide rely on Netwrix solutions to secure sensitive data, realize the full business value of enterprise content, pass compliance audits with less effort and expense, and increase the productivity of IT teams and knowledge workers.
Founded in 2006, Netwrix has earned more than 150 industry awards and been named to both the Inc. 5000 and Deloitte Technology Fast 500 lists of the fastest growing companies in the U.S.
For more information, visit www.netwrix.com.
CONTACT:
Erin Jones
Avista PR for Netwrix
P: 704.664.2170
E: pr@netwrix.com
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SOURCE Netwrix Corporation | https://www.mysuncoast.com/prnewswire/2022/06/07/new-version-netwrix-auditor-simplifies-access-reviews-locks-down-data-microsoft-teams/ | 2022-06-07T13:15:52Z |
NEW YORK, June 8, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Riskified Ltd..
Shareholders who purchased shares of RSKD 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:
CLASS PERIOD: This lawsuit is on behalf of all persons or entities who purchased Riskified Class A ordinary shares in or traceable to the Company's July 2021 initial public offering.
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) as Riskified expanded its user base, the quality of Riskified's machine learning platform had deteriorated (rather than improved as represented in documents issued in connection with the July 2021 initial public offering), because of, among other things, inaccuracies in the algorithms associated with onboarding new merchants and entering new geographies and industries; (ii) Riskified had expanded its customer base into industries with relatively high rates of fraud – including partnerships with cryptocurrency and remittance business – in which Riskified had limited experience and that this expansion has negatively impacted the effectiveness of Riskified's machine learning platform; (iii) as a result, Riskified was suffering from materially higher chargebacks and cost of revenue and depressed gross profits and gross profit margins during its third fiscal quarter of 2021; and (iv) thus, the representations in documents issued in connection with the July 2021 initial public offering regarding Riskified's historical financial and operational metrics and purported market opportunities did not accurately reflect the actual business, operations, and financial results and trajectory of Riskified prior to and at the time of the July 2021 initial public offering, and were materially false and misleading, and lacked a factual basis.
DEADLINE: July 1, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/riskified-ltd-loss-submission-form/?id=28169&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of RSKD 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 1, 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.wibw.com/prnewswire/2022/06/08/shareholder-alert-gross-law-firm-notifies-shareholders-riskified-ltd-class-action-lawsuit-lead-plaintiff-deadline-july-1-2022-nyse-rskd/ | 2022-06-08T10:03:59Z |
‘I want to shoot up a school’: 18-year-old arrested after posting threats, officials say
DETROIT (WXYZ) - Just hours after a horrific shooting at an elementary school in Texas, a Michigan high school student threatened to shoot up a school.
Authorities said Joseph Ryan Vojnoski, 18, is currently facing charges for the threat and for using a computer to commit a crime.
“When somebody is speaking about doing it, and almost simultaneously when this was done, why wouldn’t we think that threat is going to be carried out? More importantly, the fact that guns were found,” Macomb County prosecutor Pete Lucido said.
Vojnoski has been held in custody since he was arrested earlier this week.
Authorities said they found Vojnoski ‘s Instagram post that read, “I want to shoot up a school for real.”
A judge was also told Vojnoski admitted making the statement on the internet.
His defense attorney told the judge that Vojnoski had not been in trouble and the guns belonged to his father, who kept them in a locked safe.
“99.99% of them turn to be a person seeking attention or just doing something dumb. It was not a real threat to the public,” Vojnoski’s defense attorney Paul Tafelski said.
Judge Douglas Sheperd ordered a mental health evaluation of Vojnoski to establish risk.
No specific school was named in Vojnoski’s alleged threat. But Lucido said everyone needs to watch for these, including kids in school.
“Please take the time to express it to your family, your peers, and the police department. If you say this is going down, there’s no reason to wait. It’s too late then if you wait,” Lucido said.
Copyright 2022 WXYZ via CNN Newsource. All rights reserved. | https://www.wibw.com/2022/05/27/i-want-shoot-up-school-18-year-old-arrested-after-posting-threats-officials-say/ | 2022-05-27T19:59:36Z |
Elon Musk will not join Twitter’s board
By Rob McLean and Clare Duffy, CNN Business
Tesla CEO Elon Musk, who recently became Twitter’s largest individual shareholder, has decided not to join the social media company’s board.
Twitter CEO Parag Agrawal tweeted the news Sunday night.
“Elon’s appointment to the board was to become officially effective 4/9, but Elon shared that same morning that he will no longer be joining the board,” Agrawal said in the tweet. “I believe this is for the best. We have and will always value input from our shareholders whether they are on our Board or not. Elon is our biggest shareholder and we will remain open to his input.”
A Twitter spokesperson confirmed Musk decided not to join the Twitter board and referred to Agrawal’s statement.
The development comes less than a week after the Tesla and SpaceX founder disclosed that he had purchased a more than 9% stake in the company, and Twitter said in a regulatory filing that it planned to appoint Musk to its board for a term ending in 2024. Both Musk and Twitter’s leadership had expressed excitement about his addition to the board.
Musk tweeted Tuesday that he was “looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!” And Twitter founder Jack Dorsey said that Musk and Agrawal would make “an incredible team.” Twitter’s stock surged after his initial purchase was disclosed.
As part of his agreement to join the board, the Musk had committed to not acquiring more than 14.9% of the company’s shares during his term. Some corporate governance experts suggested that the move could have been a way of reining in Musk’s influence over the company. Now, that limitation is no longer in place, leaving the door open for Musk to potentially take a more aggressive stance by buying up more of Twitter’s shares.
In his tweet Sunday night announcing Musk’s reversal, Agrawal said the company’s board had “believed that having Elon as a fiduciary of the company where he, like all board members, has to act in the best interests of the company and all our shareholders, was the best path forward.”
Corporate board members also typically share their suggestions for the company privately, which might have meant Musk would have had to stop tweeting about his ideas for Twitter. The announcement that Musk would no longer join the board came after he posted a series of tweets about the company over the weekend, including one in which he suggested removing the “w” from “Twitter” — an apparent crude joke that has since been deleted — and another in which he asked if Twitter is “dying” because some of its most-followed accounts don’t often tweet.
“In our opinion, the Twitter Board and Musk could not come to an agreement around Musk’s communications with the public (various polls) over Twitter as he likely needed to take a more back seat/quiet stance as part of joining the Board,” Wedbush analyst Dan Ives said in an investor note Monday. He added that Musk’s relationship with Twitter may now become “a ‘Game of Thrones’ battle between Musk and Twitter with the high likelihood that Elon takes a more hostile stance towards Twitter and further builds his active stake in the company.”
It’s not entirely clear what changes Musk was — or perhaps still is — seeking for Twitter. In recent weeks, Musk suggested on Twitter that the platform does not allow free enough speech, and said it should make its algorithm open source. He also polled his followers last week about whether they “want an edit button,” a longtime feature request, if a divisive one, from many Twitter users. (Twitter said last week it has been working on an edit feature for the past year.)
Musk has not tweeted about his decision. CNN Business has reached out to Tesla for comment.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/money/cnn-social-media-technology/2022/04/11/elon-musk-will-not-join-twitters-board/ | 2022-04-11T17:36:31Z |
-Ninth consecutive quarters of transaction volume growth-
-Total Transaction Volume in Q2 2022 reached new record high of RMB41.5 billion-
SHANGHAI, Aug. 22, 2022 /PRNewswire/ -- FinVolution Group ("FinVolution," or the "Company") (NYSE: FINV), a leading fintech platform, today announced its unaudited financial results for the second quarter ended June 30, 2022.
Second Quarter 2022 Operational Highlights
Continued transition towards better-quality borrowers
- Total cumulative registered users5 reached 149.3 million as of June 30, 2022.
- Total number of unique borrowers6 for the second quarter of 2022 was 3.1 million.
- Total number of repeat borrowers7 for the second quarter of 2022 was 2.5 million.
Total Transaction Volume and outstanding loan balance continued consistent growth momentum
- Total transaction volume reached RMB41.5 billion for the second quarter of 2022, an increase of 24.3% compared to the same period of 2021.
- Transaction volume facilitated for repeat borrowers8 for the second quarter of 2022 was RMB36.7 billion, an increase of 39.5% compared to the same period of 2021.
- Total outstanding loan balance reached RMB56.4 billion as of June 30, 2022, an increase of 43.9% compared to June 30, 2021.
Small business owners' loans continued to scale up with steady growth
- Transaction volume facilitated for small business owners for the second quarter of 2022 was RMB10.4 billion, representing 25.1% of total transaction volume in the second quarter of 2022 and an increase of 67.7% compared to the same period of 2021.
- Total numbers of small business owners served for the second quarter of 2022 was 501 thousand, an increase of 22.8% compared to the same period of 2021.
International expansion continued to strengthen with transition to better-quality borrowers
- Transaction volume facilitated in the international markets for the second quarter of 2022 was RMB 0.91 billion, a decrease of 3.2% compared to the same period of 2021.
- Outstanding loan balance for international markets4 as of June 30, 2022 was RMB0.48 billion, representing an increase of 60.0% from June 30, 2021.
More operational highlights
- 90 day+ delinquency ratio9 was 1.60% as of June 30, 2022, compared to 1.01% as of June 30, 2021.
- Average loan size10 was RMB6,978 for the second quarter of 2022, compared to RMB4,403 in the same period of 2021.
- Average loan tenor11 was 8.7 months for the second quarter of 2022, compared with 8.1 months in the same period of 2021.
Second Quarter 2022 Financial Highlights
- Net revenue was RMB2,666.0 million (US$398.0 million) for the second quarter of 2022, an increase of 11.8% from RMB2,384.1 million for the same period of 2021.
- Net profit was RMB585.2 million (US$87.4 million) for the second quarter of 2022, a decrease of 5.7% from RMB620.4 million for the same period of 2021.
- Non-GAAP adjusted operating income12, which excludes share-based compensation expenses before tax, was RMB681.5 million (US$101.7 million) for the second quarter of 2022, a decrease of 6.1% from RMB726.1 for the same period of 2021.
- Non-GAAP net profit attributable to FinVolution Group13 was RMB606.0 million (US$90.5 million) for the second quarter of 2022, a decrease of 6.5% from RMB647.8 for the same period of 2021.
- Diluted net profit per American depositary share ("ADS") was RMB1.98 (US$0.30) and diluted net profit per share was RMB0.40 (US$0.06), a decrease of 6.2% from the same period of 2021. Non-GAAP diluted net profit per ADS was RMB2.06 (US$0.31) and non-GAAP diluted net profit per share was RMB0.41 (US$0.06), a decrease of 5.1% from the same period of 2021. Each ADS of the Company represents five Class A ordinary shares of the Company.
Mr. Feng Zhang, Chief Executive Officer of FinVolution, commented, "Together with the Company's ongoing transition towards better quality borrowers in both domestic and international markets coupled with our long-term goal of financial inclusion, these advantages further contributed to our growth momentum in this challenging quarter. Encouragingly, our total transaction volume continuously increased for the ninth consecutive quarter, reaching RMB41.5 billion and representing a year-over-year increase of 24.3% and a quarter-over-quarter increase of 4.5%".
"We also remained committed towards supporting small business owners during this challenging period. During the second quarter, we served over 500 thousand small business owners across a variety of industries such as wholesale, retail and manufacturing, among others, representing an increase of 22.8% from the same period of 2021. Transaction volume for this business further increased 67.7% year-over-year to a new record high of RMB10.4 billion in the second quarter of 2022, contributing 25.1% of total transaction volume in the same period".
With Covid-19 policies easing in the Southeast Asia region, transaction volume in our international markets increased to RMB0.91 billion in the second quarter of 2022. More excitingly, outstanding loan balances for our international markets increased to RMB0.48 billion as of June 30, 2022, representing a year-over-year increase of 60.0% and a quarter-over-quarter increase of 33.3%.
"Last but not least, we continued to make strides in improving our ESG management practices and advancing our ESG initiatives during the quarter. Our recently distributed fourth annual ESG report of the Company, highlights our ESG policies and accomplishments in 2021 as well as our ongoing endeavors. We will continue to reinforce our ESG engagement and responsibilities at multiple levels," concluded Mr. Zhang.
Mr. Jiayuan Xu, FinVolution's Chief Financial Officer, continued, "Consistent improvements in numerous operational metrics across multiple market cycles clearly illustrate the effectiveness of our technological refinements. Bolstered by these strengths, our net revenues for the second quarter grew to RMB2.7 billion, an increase of 11.8% year-over-year."
"Even more encouragingly, we also delivered a strong non-GAAP adjusted operating income12 of RMB681.5 million and maintained a substantial balance sheet with RMB11.4 billion in total shareholders' equity as of June 30, 2022. Supported by a strong financial position, we are well prepared to capture both existing and new opportunities in the markets in which we operate," concluded Mr. Xu.
Second Quarter 2022 Financial Results
Net revenue for the second quarter of 2022 increased by 11.8% to RMB2,666.0 million (US$398.0 million) from RMB2,384.1 million in the same period of 2021, primarily due to the increase in loan facilitation service fees and post facilitation service fees.
Loan facilitation service fees increased by 10.5% to RMB1,052.1 million (US$157.1 million) for the second quarter of 2022 from RMB952.4 million in the same period of 2021. This increase was primarily due to the increase in transaction volume, partially offset by the decrease in service fee rates.
Post-facilitation service fees increased by 61.1% to RMB482.8 million (US$72.1 million) for the second quarter of 2022 from RMB299.6 million in the same period of 2021, primarily due to the increase in outstanding loans served by the Company and the rolling impact of deferred transaction fees.
Guarantee income was RMB709.5 million (US$105.9 million) for the second quarter of 2022 compared to RMB665.7 million in the same period of 2021. This increase was primarily due to the increased outstanding loan balance of off-balance sheet loans, partially offset by the improved asset quality. The fair value of quality assurance commitment upon loan origination is released as guarantee income systematically over the term of the loans subject to quality assurance commitment. As the Company transitioned its business towards better quality borrowers, the fair value of quality assurance commitment upon loan origination decreased due to better asset quality.
Net interest income decreased by 8.3% to RMB282.9 million (US$42.2 million) for the second quarter of 2022, from RMB308.5 million in the same period of 2021. This decrease was primarily due to the decrease in interest rates, partially offset by the increase in the outstanding loan balance of on balance sheet loans.
Other revenue decreased by 12.2% to RMB138.6 million (US$20.7 million) for the second quarter of 2022 from RMB157.9 million in the same period of 2021, primarily due to the decrease in customer referral fees from other third-party platforms.
Origination, servicing expenses and other costs of revenue increased by 16.4% to RMB529.7 million (US$79.1 million) for the second quarter of 2022 from RMB455.0 million in the same period of 2021, primarily due to the increase in employees' expenditures and fees paid to the third-party service providers as a result of the increase in loan origination volume.
Sales and marketing expenses decreased by 30.9% to RMB327.1 million (US$48.8 million) for the second quarter of 2022 from RMB473.2 million in the same period of 2021 as a result of the decreased investments in the acquisition of new borrowers on the Company's platform due to Covid-19 resurgence in China.
Research and development expenses increased by 10.9% to RMB116.0 million (US$17.3 million) for the second quarter of 2022, from RMB104.6 million in the same period of 2021, due to the increased investments in technology development.
General and administrative expenses decreased by 24.0% to RMB95.8 million (US$14.3 million) for the second quarter of 2022 compared to RMB126.1 million in the same period of 2021, primarily due to the increase in operating efficiency.
Provision for accounts receivable and contract assets increased by 99.2% to RMB94.4 million (US$14.1 million) for the second quarter of 2022 compared to RMB47.4 million in the same period of 2021. This increase was primarily due to the increase in outstanding loan balances, partially offset by a lower expected default rate as a result of the transition to better quality borrowers.
Provision for loans receivable was RMB59.1 million (US$8.8 million) for the second quarter of 2022, compared to RMB81.9 million in the same period of 2021. The decrease was primarily due to a lower-than-expected default rate as a result of the transition to better quality borrowers, partially offset by the increase in outstanding loan balance of on balance sheet loans.
Credit losses for quality assurance commitment were RMB787.1 million (US$117.5 million) for the second quarter of 2022 compared to RMB391.1 million in the same period of 2021. This increase was primarily due to the increase in outstanding loan balances, partially offset by lower expected default rate as a result of the transition to better quality borrowers.
Operating profit decreased by 6.8% to RMB656.7 million (US$98.0 million) for the second quarter of 2022 from RMB704.7 million in the same period of 2021.
Non-GAAP adjusted operating income, which excludes share-based compensation expenses before tax, was RMB681.5 million (US$101.7 million) for the second quarter of 2022, representing a decrease of 6.1% from RMB726.1 million in the same period of 2021. Non-GAAP net profit attributable to FinVolution Group was RMB606.0 million (US$90.5 million) for the second quarter of 2022, representing a decrease of 6.5% from RMB647.8 for the same period of 2021.
Other income increased by 81.8% to RMB46.9 million (US$7.0 million) for the second quarter of 2022 from RMB25.8 million in the same period of 2021, mainly due to the increase in government subsidy and investment gains.
Income tax expense was RMB118.4 million (US$17.7 million) for the second quarter of 2022, compared to income tax expenses of RMB110.1 million in the same period of 2021. This increase was mainly due to a change in preferential tax rate for certain qualified subsidiaries, partially offset by the decline in pre-tax profit.
Net profit was RMB585.2 million (US$87.4 million) for the second quarter of 2022, compared to RMB620.4 million in the same period of 2021.
Net profit attributable to ordinary shareholders of the Company was RMB581.2 million (US$86.8 million) for the second quarter of 2022, compared to RMB626.4 million in the same period of 2021.
Diluted net profit per ADS was RMB1.98 (US$0.30) and diluted net profit per share was RMB0.40 (US$0.06), a decrease of 6.2 % year-over-year. Non-GAAP diluted net profit per ADS was RMB2.06 (US$0.31) and non-GAAP diluted net profit per share was RMB0.41 (US$0.06), a decrease of 5.1% year-over-year. Each ADS represents five Class A ordinary shares of the Company.
As of June 30, 2022, the Company had cash and cash equivalents of RMB4,277.3 million (US$638.6 million) and short-term investments mainly in wealth management products of RMB907.3 million (US$135.5 million).
The following table provides the delinquency rates for all outstanding loans on the Company's platform in China's Mainland as of the respective dates indicated.
The following chart and table display the historical cumulative 30-day plus past due delinquency rates by loan origination vintage in China's Mainland for all loan products facilitated through the Company's online platform as of June 30, 2022: Click here to view the chart.
Business Outlook
Given COVID-19's resurgence in China since the beginning of 2022, the Company will continue to closely monitor the pandemic situation and remain vigilant in its business operations. As such, the Company holds a cautious view of its operations and anticipates its transaction volume in the third quarter of 2022, to be in the range of RMB44.0 billion to RMB45.0 billion, representing a year-over-year increase of 15.5% to 18.1%.
The above forecast is based on the current market conditions and reflects the Company's current preliminary views and expectations on market and operational conditions and the regulatory and operating environment, as well as customer and institutional investor demands, all of which are subject to change.
Shares Repurchase Program Update
On August 21, 2022, the board of directors of the Company approved the expansion of the Company's existing share repurchase program from up to US$60 million to up to US$140 million and the extension for another twelve months from January 1, 2023, through December 31, 2023, which allows the Company to repurchase its own Class A ordinary shares in the form of ADSs with an aggregate value of up to US$140 million until December 31, 2023. This share repurchase program was initially approved by the board of directors of the Company on August 24, 2020, and an extension of the term of this share repurchase program until December 31, 2022, was approved by the board of directors of the Company on November 17, 2021. The share repurchase program shall be subject to general business conditions, market conditions and applicable securities regulations.
As of July 31, 2022, in combination with the Company's historical and existing share repurchase programs, the Company had repurchased its own Class A ordinary shares in the form of ADSs with a total aggregate value of approximately US$158.0 million.
Conference Call
The Company's management will host an earnings conference call at 8:30 PM U.S. Eastern Time on August 22, 2022 (8:30 AM Beijing/Hong Kong Time on August 23, 2022).
Dial-in details for the earnings conference call are as follows:
Participants should dial-in at least five minutes before the scheduled start time and ask to be connected to the call for "FinVolution Group."
Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at https://ir.finvgroup.com.
A replay of the conference call will be accessible approximately one hour after the conclusion of the live call until August 29, 2022, by dialing the following telephone numbers:
About FinVolution Group
FinVolution Group is a leading fintech platform in China connecting underserved individual borrowers with financial institutions. Established in 2007, the Company is a pioneer in China's online consumer finance industry and has developed innovative technologies and has accumulated in-depth experience in the core areas of credit risk assessment, fraud detection, big data and artificial intelligence. The Company's platform, empowered by proprietary cutting-edge technologies, features a highly automated loan transaction process, which enables a superior user experience. As of June 30, 2022, the Company had over 149.3 million cumulative registered users.
For more information, please visit https://ir.finvgroup.com
Use of Non-GAAP Financial Measures
We use non-GAAP adjusted operating income, non-GAAP net profit attributable to FinVolution Group,non-GAAP basic and diluted net profit per share and per ADS which are non-GAAP financial measures, in evaluating our operating results and for financial and operational decision-making purposes. We believe that these non-GAAP financial measures help identify underlying trends in our business by excluding the impact of share-based compensation expenses and expected discretionary measures. We believe that non-GAAP financial measures provide useful information about our operating results, enhance the overall understanding of our past performance and future prospects and allow for greater visibility with respect to key metrics used by our management in its financial and operational decision-making.
Non-GAAP adjusted operating profit, non-GAAP basic and diluted net profit per share and per ADS are not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. These non-GAAP financial measures have limitations as analytical tool, and when assessing our operating performance, cash flows or our liquidity, investors should not consider it in isolation, or as a substitute for net income, cash flows provided by operating activities or other consolidated statements of operation and cash flow data prepared in accordance with U.S. GAAP. The Company encourages investors and others to review our financial information in its entirety and not rely on a single financial measure.
For more information on this non-GAAP financial measure, please see the table captioned "Reconciliations of GAAP and Non-GAAP results" set forth at the end of this press release.
Exchange Rate Information
This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.6981 to US$1.00, the rate in effect as of June 30, 2022 as certified for customs purposes by the Federal Reserve Bank of New York.
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "confident" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to the Company's ability to attract and retain borrowers and investors on its marketplace, its ability to increase volume of loans facilitated through the Company's marketplace, its ability to introduce new loan products and platform enhancements, its ability to compete effectively, laws, regulations and governmental policies relating to the online consumer finance industry in China, general economic conditions in China, and the Company's ability to meet the standards necessary to maintain listing of its ADSs on the NYSE, including its ability to cure any non-compliance with the NYSE's continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and FinVolution does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
For investor and media inquiries, please contact:
In China:
FinVolution Group
Head of Investor Relations
Jimmy Tan
Tel: +86 (21) 8030-3200 Ext. 8601
E-mail: ir@xinye.com
The Piacente Group, Inc.
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: finv@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: finv@tpg-ir.com
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SOURCE FinVolution Group | https://www.mysuncoast.com/prnewswire/2022/08/22/finvolution-group-reports-second-quarter-2022-unaudited-financial-results/ | 2022-08-22T21:51:25Z |
SEOUL, South Korea (AP) — The earliest photo Joo-Rei Mathieson has of herself was taken when she was about four. Her head is shaved, her eyes cast downward. She has just arrived at perhaps the worst place a child could be sent in South Korea.
The black-and-white mugshot is from a November 1982 Brothers Home intake document that describes Mathieson as a lost street kid brought in by police. It notes, chillingly for a government-sponsored vagrants’ facility that survivors have told The Associated Press often worked children to death, that she’s “capable of labor.”
She spoke no words for days, the document says, after entering Brothers, a now-destroyed facility in the southern port city of Busan where thousands of children and adults — most of whom were grabbed off the streets — were enslaved and often killed, raped and beaten in the 1970s and 1980s.
“She was so scared and traumatized,” Mathieson said of herself, as she imagined in an AP interview the feelings of the girl in the photo who’d been given the name Hwang Joo Rei because of the Jurye-dong district where Brothers once stood.
Mathieson was one of the lucky ones. In August 1983, she and 21 other young children from Brothers were transferred to an orphanage in another part of the city. Her escape may have been made possible because of overcrowding at the Brothers’ sprawling compound.
Mathieson then slipped into an international adoption system that separated thousands of Korean children from their families as part of a lucrative business under the military governments that ruled South Korea from the 1960s to the late 1980s.
She was given an approximate birth date and other arbitrary details to accommodate a haphazard immigration process that was designed to send more children abroad as fast as possible. Mathieson was then flown to meet her Canadian adoptive parents in November 1984, becoming part of a child export frenzy that created the world’s largest diaspora of adoptees.
Mathieson said she spent most of her adult life in a “tunnel vision moving forward,” never questioning her past and living as a Canadian while traveling around the world, before settling in Hong Kong to work in the hospitality industry.
But her Korean past “jumped back” at her in recent months as she began to feel she was “on a mission” to discover her roots and locate her Korean parents if they are alive.
Because of privacy worries, she used the name on her adoption documents in a 2019 AP report that broke the news that Brothers was in the adoption business. Mathieson, however, is now willing to speak publicly for the first time to improve her chances of finding her Korean relatives, including a possible sibling named Lee Chang-keun.
That name appears on the adoption papers of another Korean adoptee who, along with his younger brother, was sent to a family in Belgium in 1986. Mathieson connected with him in October last year after commercial DNA tests — increasingly used by Korean adoptees seeking reunions — found that they were most likely siblings.
Mathieson said it was “exhilarating” to discover a blood relative and gain a tangible connection to her biological roots despite not knowing her true name, birthdate or hometown.
“I think no other human on this earth except for adoptees will understand what it’s like to go through life with no link to their origins. It’s something that normal people will take for granted,” Mathieson said in a Zoom interview, using air quotes for the word “normal.” “To see someone that looked so much like me was so exciting.”
The finding also raised disturbing questions about the circumstances of her adoption and that of her newfound kin, who didn’t respond to AP’s requests for comment.
His paperwork says he and his younger brother were adopted from an orphanage in Anyang, a city near the capital, Seoul, that is about 190 miles away from Busan. It says the boys were found abandoned in August 1982, months before Mathieson’s arrival at Brothers, and that they had another brother, Lee Chang-keun, who was at a different Anyang orphanage.
There’s no mention whether Lee was adopted. Mathieson hopes Lee remained in Korea and that she can now find him. She’s desperate for information about her Korean parents, and how they were separated from their children.
Neither Mathieson’s adoption papers nor those of the brothers in Belgium describe any meaningful effort to locate their original families despite the years they spent in the orphanage system.
Mathieson says she’s filled with questions: Did her parents leave her with a relative in Busan while scrambling to search for their missing sons? Was she kidnapped by police, like many other inmates at Brothers?
“A lot of the adoptions, rather, were from new parents that had to give up their child right after birth,” Mathieson said. “For a family to relinquish, voluntarily relinquish, three kids between the ages of four and six? It just didn’t add up for me … I knew that (the) true story was so far deep.”
Through documents obtained from officials, lawmakers or through freedom of information requests, the AP found direct evidence that 19 children were adopted out of Brothers between 1979 and 1986, and indirect evidence suggesting at least 51 more adoptions.
Mathieson’s memories from before she left Korea — of watching children playing in an almost empty outdoor pool, of towering black iron gates, of flowers in a garden courtyard where she was hurried out for a photograph — were all vague and benign before the AP first told her that she’d been at Brothers in 2016.
She now connects those memories with Brothers photos showing children playing in the low water of a concrete pit behind huge barred gates that confined thousands — including homeless and disabled people as well as random pedestrians who’d been snatched off the streets — before a prosecutor exposed the facility’s horrors in 1987.
Brothers was the largest of the nationwide facilities that accommodated aggressive roundups ordered by military leaders eager to clean the country’s streets. Adoptions were another way to remove the socially undesirable, including children from unwed mothers or poor families, and to reduce the number of mouths to feed.
About 200,000 Korean children were adopted by families in the West in the past six decades, including 7,924 in 1984, the year Mathieson was adopted. Roots are often untraceable because most of the children were listed as abandoned, even when they had known relatives, which made them easily adoptable.
Mathieson plans to bring her case to Seoul’s Truth and Reconciliation Commission, which has interviewed hundreds of Brothers survivors or their families, but so far no adoptee. While still determined to get information about her biological parents, Mathieson treasures the snippets of her past that have emerged as she presses on with her search.
“It was nice to get additional photos,” Mathieson said about images recently sent from the Korea Welfare Service, her adoption agency. “I will cherish them.” | https://cw33.com/news/international/ap-international/survivor-of-abusive-facility-searches-for-lost-korean-roots/ | 2022-06-11T20:43:23Z |
Foot Locker, Inc. Reports 2022 First Quarter Results; Updates 2022 Outlook
Published: May. 20, 2022 at 6:45 AM EDT|Updated: 30 minutes ago
- Total Sales Increased 1.0%; Comparable-Store Sales Decreased 1.9%
- EPS of $1.37 and Non-GAAP EPS $1.60
- Expect to Reach Upper End of 2022 Sales and Earnings Range
- Repurchased $89 million of stock
NEW YORK, May 20, 2022 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, today reported financial results for its first quarter ended April 30, 2022.
"We are off to a strong start in 2022, reporting a solid quarter against the tough comparisons of fiscal stimulus and historically-low promotions from last year," said Richard Johnson, Chairman and Chief Executive Officer. "Our progress in broadening and enriching our assortment continues, as we continue to meet our customers' demand for choice. These efforts helped drive our strong results in the first quarter, and we believe will allow us to more fully participate in the robust growth of our category going forward."
Mr. Johnson continued, "As we elevate brands across our portfolio, continue to use our real estate flexibility to optimize our footprint, and evolve our omni-channel capabilities, we are excited about our improving ability to expand our customer base and fuel our consumer's desire for self-expression."
First Quarter Results
The Company reported net income of $133 million, or $1.37 per share, for the 13 weeks ended April 30, 2022, compared with net income of $202 million, or $1.93 per share, for the corresponding prior-year period.
On a non-GAAP basis, the Company earned $1.60 per share, compared with non-GAAP earnings per share of $1.96 in the prior-year period.
First quarter comparable-store sales decreased by 1.9%, with apparel significantly outpacing footwear. Total sales increased by 1.0%, to $2,175 million, compared with sales of $2,153 million in the first quarter of 2021. Excluding the effect of foreign exchange rate fluctuations, total sales for the first quarter increased by 3.0%.
Gross margin declined by 80 basis points compared with the prior-year period, driven by higher supply chain costs and slightly higher markdowns versus historically-low levels.
SG&A deleveraged by 190 basis points driven by labor costs and technology spend.
Non-GAAP Adjustments
Effective with the first quarter of 2022, the calculation for non-GAAP earnings will exclude gains and losses from all minority investments, including the adjustments related to the investment in Retailors, Ltd. The Company believes this is a more representative measure of its recurring earnings, assists in the comparability of results, and is consistent with how management reviews performance. The non-GAAP results for 2021 will be recast to conform to the current year's presentation. As the Company reports quarterly results through 2022, it will provide updated non-GAAP reconciliations for the corresponding prior year's quarter under this revised definition.
During the first quarter of 2022, the Company recorded adjustments to earnings, which are detailed below in the accompanying reconciliation of GAAP to non-GAAP results. Adjustments included primarily 1) $6 million of impairments and other charges, including acquisition and integration costs, and 2) $24 million in minority interests net losses, primarily representing the investment in Retailors, Ltd.
Financial Position
As of April 30, 2022, the Company's merchandise inventories were $1.4 billion, 37% higher than at the end of the first quarter last year putting us in a strong position to fulfill demand going forward. At quarter-end, the Company's cash and cash equivalents totaled $551 million, while debt on its balance sheet was $456 million.
The Company's total cash position, net of debt, was $95 million, as compared with $1.9 billion last year. During the first quarter of 2022, the Company repurchased 2.7 million shares for $89 million and paid a quarterly dividend of $0.40 per share, for a total of $38 million.
Financial Outlook
Andrew Page, Executive Vice President and Chief Financial Officer, said, "Following our solid results from the first quarter, our strong inventory position going into the remainder of the year, and our strengthening vendor relationships, based on our current visibility, we now expect to achieve the upper end of our revenue and earnings guidance for the full year. Our balance sheet and real estate flexibility remain strategic assets for us as we continue to navigate this dynamic industry and serve the sport and sneaker community."
The Company's updated full-year 2022 outlook is summarized in the table below.
Store Base Update
During the first quarter, the Company opened 24 new stores, remodeled or relocated 23 stores, and closed 67 stores.
As of April 30, 2022, the Company operated 2,815 stores in 28 countries in North America, Europe, Asia, Australia, and New Zealand. In addition, 148 franchised stores were operating in the Middle East and Asia.
Conference Call and Webcast
The Company is hosting a live conference call at 9:00 a.m. ET today, Friday, May 20, 2022, to review these results and outlook and provide an update on the business. An Investor Presentation will be available on the investor relations section of the Company's website before the start of the conference call. This conference call may be accessed live by calling toll-free 1-844-701-1163 or international toll 1-412-317-5490, or via the Investor Relations section of footlocker-inc.com . Please log on to the website 15 minutes prior to the call to register. An archived replay of the conference call can be accessed approximately one hour following the end of the call at 1-877-344‑7529 in the U.S. or 1-855-669-9658 in Canada or 1-412-317-0088 internationally with passcode 9912152 through June 3, 2022. A replay of the call will also be available via webcast from footlocker-inc.com .
Disclosure Regarding Forward-Looking Statements
This report contains forward-looking statements within the meaning of the federal securities laws. Other than statements of historical facts, all statements which address activities, events, or developments that the Company anticipates will or may occur in the future, including, but not limited to, such things as future capital expenditures, expansion, strategic plans, financial objectives, dividend payments, stock repurchases, growth of the Company's business and operations, including future cash flows, revenues, and earnings, and other such matters, are forward-looking statements. These forward-looking statements are based on many assumptions and factors which are detailed in the Company's filings with the U.S. Securities and Exchange Commission.
These forward-looking statements are based largely on our expectations and judgments and are subject to a number of risks and uncertainties, many of which are unforeseeable and beyond our control. For additional discussion on risks and uncertainties that may affect forward-looking statements, see "Risk Factors" disclosed in the Company's Annual Report on Form 10-K for the year ended January 29, 2022 filed on March 24, 2022. Any changes in such assumptions or factors could produce significantly different results. The Company undertakes no obligation to update forward-looking statements, whether as a result of new information, future events, or otherwise.
Non-GAAP Financial Measures
In addition to reporting the Company's financial results in accordance with generally accepted accounting principles ("GAAP"), the Company reports certain financial results that differ from what is reported under GAAP. Effective with the first quarter of 2022, the Company will exclude all gains or losses associated with the minority investments to arrive at non-GAAP earnings, previously only certain amounts were adjusted. Those amounts not previously excluded from non-GAAP earnings during 2021 represented $17 million ($12 million after tax or $0.12 per share), $27 million ($20 million after tax or $0.19 per share), and $27 million ($20 million after tax or $0.21 per share) for the second, third, and fourth quarters of 2021, respectively. For the full year that represented income of $71 million ($52 million after tax or $0.50 per share) and was primarily related to our investment in Retailors, Ltd. Amounts recorded prior to 2021 were not significant. Non-GAAP financial measures that will be presented will i) exclude minority investments, ii) impairments and other charges, and iii) certain tax matters that we believe are nonrecurring or unusual in nature.
Certain financial measures are identified as non-GAAP, such as sales changes excluding foreign currency fluctuations, adjusted income before income taxes, adjusted net income, and adjusted diluted earnings per share. We present certain amounts as excluding the effects of foreign currency fluctuations, which are also considered non-GAAP measures. Where amounts are expressed as excluding the effects of foreign currency fluctuations, such changes are determined by translating all amounts in both years using the prior-year average foreign exchange rates. Presenting amounts on a constant currency basis is useful to investors because it enables them to better understand the changes in our business that are not related to currency movements.
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SOURCE Foot Locker IR
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/2022/05/20/foot-locker-inc-reports-2022-first-quarter-results-updates-2022-outlook/ | 2022-05-20T11:15:41Z |
PHILADELPHIA, Aug. 4, 2022 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating Pzena Investment Management, Inc. (NYSE: PZN) ("PZN") on behalf of the Company's investors.
On July 26, 2022, PZN announced that it would be acquired at a price of $9.60 per share in cash. Following the closing of the proposed transaction, PZN's shareholders will be cashed out of their investment position, and the company's shares will no longer be publicly traded.
Notably, as recently as February 2022, shares of PZN's stock traded above $10.50 per share.
The investigation seeks to determine whether PZN shareholders will receive adequate monetary consideration for their shares, and whether PZN's directors violated the securities laws and/or breached their fiduciary duties in agreeing to sell the company at $9.60 per share.
PZN shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by email (skaskela@kaskelalaw.com / abell@kaskelalaw.com) or online at https://kaskelalaw.com/cases/pzena-investment-management/ , to receive additional information about this investigation and their legal rights and options.
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation, and has helped recover in excess of $100 million on behalf of victimized investors. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
D. Seamus Kaskela, Esq.
skaskela@kaskelalaw.com
Adrienne Bell, Esq.
abell@kaskelalaw.com
KASKELA LAW LLC
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(888) 715 – 1740
www.kaskelalaw.com
This notice may constitute attorney advertising in certain jurisdictions.
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SOURCE Kaskela Law LLC | https://www.kxii.com/prnewswire/2022/08/04/shareholder-alert-kaskela-law-llc-announces-investigation-pzena-investment-management-inc-pzn-following-privatization-agreement-960-per-share-encourages-pzn-investors-contact-firm/ | 2022-08-04T14:14:12Z |
Leveraging Poseida's novel approach to cell therapy and Roche's expertise in developing and commercializing therapies to transform cancer care, the collaboration is focused on advancing multiple existing and additional next generation allogeneic CAR-T programs directed to hematologic malignancies
Poseida will receive $110 million upfront, could receive up to $110 million in near-term milestones and other payments, and is eligible for future development and commercial milestones and tiered royalty payments
Poseida to host a brief conference call today at 8:30 a.m. ET
SAN DIEGO, Aug. 3, 2022 /PRNewswire/ -- Poseida Therapeutics, Inc. (Nasdaq: PSTX), a clinical-stage biopharmaceutical company utilizing proprietary genetic engineering platform technologies to create cell and gene therapeutics with the capacity to cure, today announced it has entered into a broad strategic collaboration and license agreement with Roche, focused on developing allogeneic CAR-T therapies directed to hematologic malignancies. The global collaboration covers the research and development of multiple existing and novel "off-the-shelf" cell therapies against targets in multiple myeloma, B-cell lymphomas and other hematologic indications.
"We are excited to partner and collaborate with Roche, one of the world's largest biotechnology companies, which has a successful track record in the discovery, development and commercialization of innovative medicines," said Mark Gergen, Chief Executive Officer of Poseida. "Roche is an ideal strategic partner for Poseida with its industry-leading R&D capabilities in oncology, complementary technologies and expertise, and global regulatory and commercial capabilities. Working together, we look forward to advancing novel allogeneic cell therapies based upon Poseida's technologies for patients battling cancer."
Under the agreement, Roche will receive from Poseida either exclusive rights or options to develop and commercialize a number of allogeneic CAR-T programs in Poseida's portfolio that are directed to hematologic malignancies, including P-BCMA-ALLO1, an allogeneic CAR-T for the treatment of multiple myeloma and for which a Phase 1 study is underway, and P-CD19CD20-ALLO1, an allogeneic dual CAR-T for the treatment of B-cell malignancies with an IND expected in 2023. Building on complementary expertise and capabilities, the parties will also collaborate in a research program to create and develop next-generation features and improvements for allogeneic CAR-T therapies, from which they would jointly develop additional allogeneic CAR-T product candidates directed to existing and new hematologic targets. For a subset of both the Poseida portfolio programs licensed or optioned to Roche and the parties' future collaboration programs, Poseida will conduct the Phase 1 studies and manufacture clinical materials before transitioning the programs to Roche for further development and commercialization. Roche will be solely responsible for the late-stage clinical development and global commercialization of all products that are subject to the collaboration.
"We are excited to partner with Poseida to further explore the potential of allogeneic cell therapies to transform cancer care by developing off-the-shelf products that can address high unmet medical needs for a broad patient population," said James Sabry, Global Head of Pharma Partnering at Roche. "Poseida's differentiated platform technologies complement our ongoing internal efforts and partnerships to discover and develop cell therapies as a next generation of medicines for patients."
Under the agreement, Poseida will receive $110 million upfront and could receive up to $110 million in near-term milestones and other payments in the next several years. In addition, Poseida is eligible to receive research, development, launch, and net sales milestones and other payments potentially up to $6 billion in aggregate value, as well as tiered net sales royalties into the low double digits, across multiple programs.
"We are thrilled that Roche has embraced the opportunity to partner with us and use Poseida's unique allogeneic approach to develop CAR-T product candidates," said Devon J. Shedlock, Ph.D., Chief Scientific Officer, Cell Therapy at Poseida. "Using our proprietary technologies and manufacturing process including our booster molecule, we have the potential to develop and manufacture a product with high levels of stem cell memory T cells, which are correlated with potent antitumor efficacy in the clinic, at a scale that can potentially reach more patients and enable broad commercial use."
The effectiveness of the agreement is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act (HSR Act).
Poseida Therapeutics Conference Call and Webcast Information
Wednesday, August 3, 2022 at 8:30 a.m. ET
Poseida's management team will host a conference call and webcast today at 8:30 a.m. ET to discuss the collaboration and Poseida's novel approach to allogeneic cell therapy. The dial-in numbers for domestic and international callers are 800-267-6316 and 203-518-9814, respectively. The conference ID number for the call is PSTX0803.
Participants may access the live webcast on the Investors & Media Section of the Poseida website, www.poseida.com. An archived replay of the webcast will be available for approximately 30 days following the event.
Poseida Therapeutics is a clinical-stage biopharmaceutical company dedicated to utilizing our proprietary genetic engineering platform technologies to create next generation cell and gene therapeutics with the capacity to cure. We have discovered and are developing a broad portfolio of product candidates in a variety of indications based on our core proprietary platforms, including our non-viral piggyBac® DNA Delivery System, Cas-CLOVER™ Site-specific Gene Editing System and nanoparticle- and AAV-based gene delivery technologies. Our core platform technologies have utility, either alone or in combination, across many cell and gene therapeutic modalities and enable us to engineer our portfolio of product candidates that are designed to overcome the primary limitations of current generation cell and gene therapeutics. To learn more, visit www.poseida.com and connect with us on Twitter and LinkedIn.
Statements contained in this press release regarding matters that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements regarding, among other things, the upfront payment and other potential fees, milestone and royalty payments and development activities under the collaboration agreement, the potential benefits of Poseida's technology platforms and product candidates, the clearance of the collaboration agreement under the HSR Act, Poseida's plans and strategy with respect to developing its technologies and product candidates, and anticipated timelines and milestones with respect to Poseida's development programs and manufacturing activities. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon Poseida's current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the fact that the collaboration agreement may not become effective based on HSR Act clearance, or the effectiveness may be substantially delayed, or may be terminated early, the fact that the Company will have limited control over the efforts and resources that Roche devotes to advancing development programs under the collaboration agreement and Poseida may not receive the potential fees and payments under the collaboration agreement or fully realize the benefits of the collaboration, risks and uncertainties associated with development and regulatory approval of novel product candidates in the biopharmaceutical industry, the fact that future preclinical and clinical results could be inconsistent with results observed to date, and the other risks described in Poseida's filings with the Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made. Poseida undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as required by law.
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SOURCE Poseida Therapeutics, Inc. | https://www.kxii.com/prnewswire/2022/08/03/poseida-therapeutics-announces-strategic-global-collaboration-with-roche-focused-allogeneic-car-t-cell-therapies-hematologic-malignancies/ | 2022-08-03T12:15:21Z |
Federal Railroad Administration announces funds for Florida Brightline Trains
This could change how you travel from Orlando to Tampa.
SARASOTA, Fla. (WWSB) - The Federal Railroad Administration has announced $24.2 million in rail infrastructure funding for Florida. This funding is part of the Consolidated Rail Infrastructure and Safety Improvements (CRISI) grant program.
The program awarded 46 projects in 32 states and Washington D.C. Those funds will help expand rail service in rural Florida to transport goods as well as potentially ease traffic on I-4 through a passenger rail extension from Orlando to Tampa.
The state of Florida was awarded a total of up to $24.2 million for the following two projects:
- The Florida Gulf & Atlantic Railroad, LLC received up to $8.3 million for the Florida Panhandle Rural Capacity Expansion Project. The project will replace approximately 70,000 ties, install approximately 14,300 new ties, rehabilitate 11 sidings, and makes repairs to 60 grade crossings between Jacksonville and Pensacola. The project may also include the acquisition of certain eligible rail equipment. These project elements will improve the track structure which will increase the line capacity to serve growing demand. The project qualifies for the statutorily required set-aside for rural investment. Class III FGA will provide most of a 50 percent match, with contributions from three private sector sources.
- Brightline Trains Florida, LLC received up to $15.9 million for a 67-mile extension from Orlando to Tampa on its high-speed intercity passenger rail system, mostly within the right-of-way of I-4 in in Central Florida. Brightline currently operates from Miami to West Palm Beach (Phase I), and the West Palm Beach to Orlando segment (Phase II) is currently under construction. The full build out of the Phase III extension would provide an alternative for travelers on an overburdened state highway system and is projected to reduce the number of vehicle miles traveled along I-4. Brightline, a privately-owned intercity passenger service provider, will provide a 50 percent match.
The Biden administration says it will triple funding for the infrastructure program to $1 billion a year for the next five years.
“Americans deserve a world-class rail system that allows people and goods to get where they need to go more quickly and affordably, while reducing traffic and pollution on our roads,” said U.S. Transportation Secretary Pete Buttigieg. “We’re proud to award these grants to improve passenger rail for riders and strengthen the freight rail that underpins our supply chains and makes our economy work.”
A full list of the FY 2021 CRISI grant awards can be found here.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/06/02/federal-railroad-administration-announces-funds-florida-brightline-trains/ | 2022-06-02T18:51:12Z |
Attendees flock to booth to learn about the company and its expanded portfolio of disposable vape brands
CHICAGO, June 13, 2022 /PRNewswire/ -- Squid Distribution, a premier authorized distributor of vape products, wrapped up a successful three-day run at the CHAMPS Chicago Trade Show held June 7-9 in the Windy CIty.
The show follows on Squid Distribution's recent announcement that it has expanded its portfolio of vape products. which allows the company to better serve its retail customers across the U.S.
Squid Distribution's team has been active in the vape business for several years, providing customers with the knowledge and experience to expand their businesses. With its expanded offerings, the vape specialist company now distributes more than 10 of the leading disposable vape brands, including Fume, Whiff, Food God, and more.
"As vape enthusiasts, we always look forward to coming to the CHAMPS trade shows, and this year's Chicago show exceeded our expectations as a company," said Hai Vachnon, CEO of Squid Distribution. "We were very happy with the quality of the conversations we had at the show, and we look forward to fulfilling the vape supply needs of the attendees who came by the booth over the last three days."
Attendees were particularly wowed by Squid Distribution's always-in-stock products and same-day shipping to many markets to help vape shops keep product on hand for their customers.
In an industry where counterfeit and unsafe vapes and e-liquids are far too common, Squid Distribution ensures vape users' safety by carrying only authorized products. Resellers who purchase their products from Squid can be sure that they are getting the highest-quality devices that have been tested for safety. Additionally, Squid Distribution is one of very few vape distributors that offer nicotine-free products for those who want the experience without the nicotine hit.
Squid Distribution is America's premier authorized vape distributor backed by years of experience and knowledge to deliver any retailer the highest-quality products to help increase sales. With over 10 of the most popular vape brands always in stock and a national sales team from coast-to-coast, Squid Distribution guarantees excellence and expertise unmatched in the business. For more about America's number one vape specialists and distributors, visit www.SquidDistribution.com.
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SOURCE Squid Distribution | https://www.wibw.com/prnewswire/2022/06/13/squid-distribution-generates-lasting-buzz-with-disposable-vapes-champs-chicago-trade-show/ | 2022-06-13T18:53:52Z |
CHARLES TOWN, W.Va., April 20, 2022 /PRNewswire/ -- The Board of Directors of Potomac Bancshares, Inc. (the "Company") (OTC: PTBS), the one bank holding company for Bank of Charles Town (BCT), declared at their April Board meeting a quarterly dividend of $0.09 per share, an increase of 12.5% from the previous quarterly dividend of $0.08. The dividend is for all shareholders of record on May 3, 2022 and will be paid on May 10, 2022.
"For the second year in a row, we are pleased to reward our shareholders with an increase to the dividend," said Alice P. Frazier, President and CEO. "The Board of Directors is gratified with our BCT team's resilience and commitment to our founding principles that continue to provide for sound growth in both our balance sheet and profitability."
About the Company
Founded more than 150 years ago, BCT - Bank of Charles Town, also known as The Community's Bank, is a wholly owned subsidiary of Potomac Bancshares, Inc. (OTC:PTBS). With approximately $710 million in assets as of December 31, 2021, the Company conducts operations through its main office, an additional eight branch offices, and two loan production offices. BCT's offices are located in Jefferson and Berkeley Counties (WV), Washington County (MD), and Loudoun and Stafford Counties (VA). The Bank provides various banking products and services including free access to over 55,000 ATMs through the Allpoint® network plus online and mobile banking for individuals, businesses, and local governments. The Bank also offers commercial lines and term loans, residential and commercial construction, commercial real estate loans and agricultural loans. The Residential Lending division offers secondary market and portfolio mortgage loans, one-time close construction to perm loans, as well as home equity loans and lines of credit. For over 60 years, BCT Wealth Advisors has provided financial management, investment, trust, and estate services to its clients. In 2019, 2020, and 2021 the Bank was named a "Best Bank To Work For" by American Banker. In 2018, Forbes named BCT a "Best In State Bank" for Maryland.
The Company's shares are quoted on the OTC Pink Sheet marketplace under the symbol "PTBS." For more information about Potomac Bancshares, Inc., and the Bank, please visit our website at www.mybct.bank.
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SOURCE Potomac Bancshares, Inc. | https://www.wibw.com/prnewswire/2022/04/20/potomac-bancshares-inc-increases-quarterly-dividend-125/ | 2022-04-20T22:41:44Z |
LOS ANGELES, Sept. 8, 2022 /PRNewswire/ -- In early July 2022, Los Angeles Mayor, Eric Garcetti, signed in to order a new law to be followed by all hotels in the residing area. The ordinance's goal is to provide a safer environment for hotel employees to protect them against emergencies such as assault and other crimes that may occur. Laws similar to this one have become common across the U.S. To combat this new ordinance, companies such as REVLAB Technology LLC have developed what's known as a "Panic Button" system which can be installed inside a hotel to provide room-based location alerts for staff in need.
REVLAB utilizes their custom Room-Identifier Beacons to pinpoint the location of the user to the exact room in the hotel within seconds! With the company's newest version of panic button technology, safety has never been so easily accessible.
Aside from the main functionality of a Panic Button, REVLAB offers more to their customers. The company provides business-managed smartphone devices with their Panic Button Software pre-installed. Providing smartphones to hotels, not only fulfills the local law/ordinance, but can also increase productivity by using the phones for communication, scheduling, or property management.
The Hotel Panic Button solution by REVLAB is compatible with iOS / Android Smartphones. Being a mobile application allows the lightweight designed solution to be highly cost-effective at as low as $1-$2/room/month of coverage. The fully compliant system can be installed within a few hours by the hotel staff. The panic button system works through a few simple steps.
How it works…
- Press the "Panic Button" on the Device to request help
- The request for help is stored in a secure Google-hosted database for record-keeping
- Within seconds, emergency services are contacted
- Hotel staff is alerted of the incident that is ongoing through push notifications and SMS text alerts
- Police arrive on the scene and are guided to the user's location
As similar legislation waits to be approved in other states across the nation. REVLAB remains ready to accommodate a growing market of Panic Button users to ensure hospitality safety nationwide!
Request Quote: contact@revlabtech.com
Learn more: https://www.revlabtech.com/hotel-panic-button
Media Contact: contact@revlabtech.com
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SOURCE REVLAB Technology LLC | https://www.kxii.com/prnewswire/2022/09/08/hotel-panic-button-los-angeles-mayor-signs-hotel-safety-ordinance/ | 2022-09-08T15:17:15Z |
TORONTO, Aug. 10, 2022 /PRNewswire/ - SoftwareReviews, one of the leading sources for insights on the software provider landscape, has published its 2022 Strategic Sourcing Emotional Footprint, identifying three providers as Champions.
Amid an increased focus on mobile tools and cloud technologies to support procurement activities, organizations are looking to dedicated strategic sourcing tools to continuously improve purchasing activities. Typical features of this type of software include capacity management, contract management, and purchasing and procurement management.
To aid organizations searching for the right software solution for procurement strategies, SoftwareReviews has identified the top procurement strategy software providers for the year based on verified survey data collected from 236 end-user reviews. These providers have received high scores on SoftwareReviews' Emotional Footprint.
The Net Emotional Footprint (NEF) of each software provider is a result of aggregated emotional response ratings across the areas of service, negotiation, product impact, conflict resolution, strategy, and innovation. The NEF is a powerful indicator of overall user sentiment toward the provider and its product from the software user's point of view.
The 2022 Strategic Sourcing Software Champions are as follows:
- Scanmarket, 93 NEF, ranked high for being respectful.
- GEP SMART Procurement Software, 85 NEF, ranked high for being generous.
- Jaggaer Sourcing, 81 NEF, ranked high for providing performance enhancements.
SoftwareReviews' comprehensive software reviews provide the most accurate and detailed view of a complicated and ever-changing market. The data comes from real end users who use the software day in and day out and IT professionals who have worked with it intimately through procurement, implementation, and maintenance.
To compare and evaluate software providers using the most in-depth and unbiased analyst reports available, visit SoftwareReviews' dedicated strategic sourcing category page.
For more information about SoftwareReviews, the Data Quadrant, or the Emotional Footprint, or to access resources to support the software selection process, visit softwarereviews.com and connect via LinkedIn, Twitter, and Facebook.
SoftwareReviews is the most in-depth source of buyer data and insights for the enterprise software market. By collecting customer experience data from business and IT professionals, the SoftwareReviews methodology produces detailed and authentic insights into the experience of evaluating and purchasing enterprise software.
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SOURCE SoftwareReviews | https://www.wibw.com/prnewswire/2022/08/10/these-are-best-strategic-sourcing-software-tools-streamline-purchasing-contract-management-this-year-according-user-reviews/ | 2022-08-10T19:23:56Z |
EXPLAINER: How health care for vets became fight in Congress
WASHINGTON (AP) — A bill that would enhance health care and disability benefits for millions of veterans exposed to toxic burn pits hit a snag in the Senate last week, angering advocates like comedian Jon Stewart who say help from the government is long overdue.
Lawmakers have been hearing increasingly from constituents with respiratory illnesses and cancers that they attribute to serving near burn pits in Iraq and Afghanistan. The military used the pits to dispose of such things as chemicals, cans, tires, plastics and medical and human waste.
Veterans groups say servicemembers who were exposed to the pits have waited long enough for enhanced health benefits, and lawmakers largely agree. The Senate is ultimately expected to send the measure to President Joe Biden’s desk. It’s just a question of when.
Where the issue stands:
HOW WOULD THE BILL HELP IRAQ AND AFGHANISTAN VETERANS?
First, veterans who served near burn pits will get 10 years of health care coverage through the Department of Veterans Affairs upon their separation from the military rather than five.
Second, the legislation directs the VA to presume that certain respiratory illnesses and cancers were related to burn pit exposure. This takes the burden of proof off the veteran, allowing them to obtain disability payments to compensate for their injury without having to show the illness was a result of their service.
Roughly 70% of disability claims related to burn pit exposure are denied by the VA due to lack of evidence, scientific data and information from the Defense Department.
IS THERE HELP FOR OTHER VETERANS?
Yes. For example, hundreds of thousands of Vietnam War-era veterans and survivors also stand to benefit. The bill adds hypertension, or high blood pressure, as a presumptive disease associated with Agent Orange exposure. The Congressional Budget Office projected that about 600,000 of 1.6 million living Vietnam vets would be eligible for increased compensation, though only about half would have severe enough diagnoses to warrant receiving it.
Also, veterans who served in Thailand, Cambodia, Laos, Guam, American Samoa and Johnston Atoll will be presumed to have been exposed to Agent Orange. That’s another 50,000 veterans and survivors of deceased veterans who would get compensation for illnesses presumed to have been caused by their exposure to the herbicide, the CBO projected.
HOW MUCH WILL THE BILL COST?
The bill is projected to increase federal deficits by about $277 billion over 10 years, the CBO said. Lawmakers did not include offsetting spending cuts or tax increases to help pay for the spending.
WHERE DO THINGS STAND IN CONGRESS?
Both the House and Senate have approved the bill overwhelmingly. The Senate did so in June, but the the bill contained a revenue-related provision that must originate in the House, requiring a do-over to make a technical fix.
The House approved the fixed bill by a vote of 342-88. So, now the measure is back before the Senate, where the previous iteration had passed by a vote of 84-14. Biden says he will sign it.
SO WHY HASN’T THE SENATE APPROVED IT YET?
When the CBO scored the bill, it projected that nearly $400 billion slated to be spent on health services would move from discretionary spending to mandatory spending, which is mostly sheltered from the bruising battles that occur each year over where to spend money in appropriations bills.
The Committee for a Responsible Federal Budget, a nonpartisan fiscal watchdog, said a reclassification of nearly $400 billion from discretionary to mandatory would “both reduce the pressure to keep those costs under control and make it easier for appropriators to spend more elsewhere in the budget without offsets.”
Those dynamics also applied to the bill when the Senate approved it in June. Nevertheless, senators voted for the measure overwhelmingly.
But, last week more than two dozen Republicans who voted for the bill in June voted against advancing it this time. They sided with Republican Sen. Pat Toomey of Pennsylvania, who is seeking a vote on an amendment that he says would not reduce spending on veterans but would prevent spending increases in other nondefense programs down the road.
Senate Majority Leader Chuck Schumer has offered to let the Senate vote on the Toomey amendment with 60 votes needed for passage, the same number that is needed to advance the bill itself.
It’s unclear how the delay will be resolved, though Senate GOP leader Mitch McConnell predicted Monday that the bill will pass this week.
Advocacy groups for veterans, a key voting bloc in the upcoming midterm elections, are furious and ramping up the political pressure on lawmakers to act. At a Capitol Hill news conference the day after last week’s procedural vote, speakers used terms such as “villains” and “reprehensible” to describe the Republican senators who voted against advancing the measure last week but voted for almost the exact same bill in June.
“Veterans are angry and confused at the sudden change from those they thought had their backs,” said Cory Titus of the group Military Officers Association of America.
“You just screwed veterans yesterday,” added Tom Porter of the group Iraq and Afghanistan Veterans of America. “Now, we’re going to hold them accountable.”
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/08/02/explainer-how-health-care-vets-became-fight-congress/ | 2022-08-02T11:27:24Z |
Announces New Board of Directors, including Richard Thomas, Miki Kapoor, Rand Ballard, and Nick Giannasi
CHICAGO and COLUMBUS, Ga., Aug. 2, 2022 /PRNewswire/ -- Linden Capital Partners ("Linden"), a Chicago-based private equity firm focused exclusively on the healthcare industry, announced today the completion of its acquisition of Aspirion (the "Company"), a leader in technology-enabled healthcare revenue cycle management ("RCM"), from Aquiline Capital Partners. Varsity Healthcare Partners ("VHP"), a healthcare services private equity firm with RCM investing experience through its portfolio company Ventra Health, joined the ownership group as a minority shareholder.
Aspirion is a leading provider of RCM services for complex claims and revenue integrity, offering a broad array of technology-driven solutions for the most specialized revenue cycle challenges faced by hospital systems and healthcare providers. Leveraging its unique data access and proprietary platforms, the Company has invested in artificial intelligence ("AI") and machine learning ("ML") models to automate claims processing workflows, improve claims processing times, and ultimately increase collections for its hospital and physician customers.
Richard Thomas, industry veteran and incoming Chairman of the Board, said, "We commend Jason Erdell and the Aspirion team. They have built a truly differentiated company providing complex claims and revenue integrity solutions, delivered with industry leading customer service. The healthcare regulatory landscape is changing and more complex than ever, creating robust demand for Aspirion's services. We look forward to supporting the Company through its next chapter of growth, and accelerating the development of its technology, AI/ML, and data foundation."
To support Aspirion's growth plan, Linden has assembled a Board of Directors that brings considerable expertise in software, data, and AI/ML solutions, along with deep RCM industry knowledge. The new Board will work closely with the Aspirion team to help realize Linden and management's shared vision to drive a step change improvement in RCM solutions, providing better outcomes for healthcare providers, and ultimately the patients they serve.
"We are thrilled to partner with Linden," Aspirion CEO Jason Erdell added. "We are impressed with the vision Linden brings for our next chapter, as evidenced by the firm's thoughtful approach to value creation planning and the experienced Board of Directors that Linden has assembled. We are confident we have the strategic plan and expertise to continue our growth trajectory and drive technological advancement in the industry."
The board is composed of Miki Kapoor, Operating Partner at Linden and founding CEO of Verana Health, Rand Ballard, Chief Customer Officer at Vizient and previously Chief Operating Officer, Chief Customer Officer and in the Office of the Chief Executive Officer at MedAssets, Nick Giannasi, Chief Product Officer at Ciox and former Chief Artificial Intelligence Officer at Change Healthcare, Jason Erdell, Richard Thomas, Linden Partner Kam Shah, Linden Vice President Arsi Sefaj, and VHP Managing Partner David Alpern.
About Aspirion
Aspirion, headquartered in Columbus, GA, helps hospitals and physicians recover otherwise lost claims revenue from Motor Vehicle Accidents, Workers' Compensation, Veterans Affairs, and TRICARE as well as out-of-state Medicaid, Medicaid eligibility, underpayments, and denials. Aspirion's experienced team of healthcare, legal, and technical professionals combined with industry-leading technology platforms help ensure that providers receive their Complex RCM revenue so that providers, hospitals, and their staff can focus on patient care. The Company serves over 140 clients across 45 states, including 40% of the largest health systems in the U.S.
About Linden Capital Partners
Linden Capital Partners is a Chicago-based private equity firm focused exclusively on the healthcare industry. Founded in 2004, Linden is one of the country's largest dedicated healthcare private equity firms. Linden's strategy is based upon three elements: (i) healthcare specialization, (ii) integrated private equity and operating expertise, and (iii) its differentiated human capital program. Linden invests in middle market platforms in the medical products, specialty distribution, pharmaceutical, and services segments of healthcare. Since its founding, Linden has invested in over 40 healthcare companies encompassing over 200 total transactions. The firm has raised over $6 billion in limited partner commitments since inception. For more information, please visit www.lindenllc.com.
About Varsity Healthcare Partners
Varsity Healthcare Partners is a leading lower middle market healthcare services private equity investment firm, targeting exclusively multi-site healthcare provider platforms or businesses providing outsourced services, technology or tools to healthcare providers and/or payers. VHP's tactical investment strategy emphasizes identifying and transacting with growth-seeking, provider-owned or founder-owned companies, leveraging VHP's developed "buy and build" playbook to drive significant operational, managerial enhancement early in the life of each platform investment, followed by a well-resourced aggressive and multidimensional growth plan. VHP's unique tactical investment playbook and strong track record is complimented by VHP's distinct organizational culture, emphasizing highly collaborative engagement, strong professional accountability, and a commitment to excellence in work product and team performance.
Media Contact:
John Perilli
Pro-Linden@Prosek.com
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SOURCE Linden Capital Partners | https://www.mysuncoast.com/prnewswire/2022/08/02/linden-completes-aspirion-acquisition/ | 2022-08-02T12:53:26Z |
Zelenskyy urges ‘maximum’ sanctions on Russia in Davos talk
By JAMEY KEATEN
Associated Press
DAVOS, Switzerland (AP) — Ukrainian President Volodymyr Zelenskyy called for “maximum” sanctions against Russia during a virtual speech Monday to corporate executives, government officials and other elites on the first day of the World Economic Forum gathering in Davos.
He said sanctions need to go further to stop Russia’s aggression, including an oil embargo, blocking all of its banks and cutting off trade with Russia completely. He said that it’s a precedent that would work for decades to come.
“This is what sanctions should be: They should be maximum, so that Russia and every other potential aggressor that wants to wage a brutal war against its neighbor would clearly know the immediate consequences of their actions,” Zelenskyy said through a translator.
He also pushed for the complete withdrawal of foreign companies from Russia to prevent supporting its war and said Ukraine needs at least $5 billion in funding per month.
“The amount of work is enormous: we have more than half a trillion of dollars in losses, tens of thousands of facilities were destroyed. We need to rebuild entire cities and industries,” Zelenskyy said, coming days after the Group of Seven leading economies agreed to provide $19.8 billion in economic aid.
He said that if Ukraine had “received 100% of our needs at once, back in February” in terms of weapons, funding, political support and sanctions against Russia, “the result would be tens of thousands of lives saved.”
Zelenskyy’s speech is a key focus Monday at Davos, the village in the Swiss Alps that has been transformed into a glitzy venue for the four-day confab ostensibly dedicated to making the world a better place. The event is resuming in person after a two-year hiatus because of the COVID-19 pandemic, which also delayed this year’s meeting from its usual winter slot.
For the attendees, there’s much to tackle amid soaring food and fuel prices, Russia’s war in Ukraine, climate change, inequality and persistent health crises. But it’s hard to predict if the high-minded discussions will yield substantial announcements that make headway on the world’s most pressing challenges.
“This war is really a turning point of history, and it will reshape our political and our economic landscape in the coming years,” said the event’s founder, Klaus Schwab.
Zelenskyy, who received a standing ovation after this remarks, reiterated that Russia was blocking critical food supplies, such as wheat and sunflower oil, from leaving its ports.
Ukraine, along with Russia, is a major exporter of wheat, barley and sunflower oil, and the interruption of those supplies is threatening food insecurity in countries in Africa, the Middle East and parts of Asia that rely on those affordable supplies.
The head of the U.N.’s World Food Program said in a panel that “the failure to open the ports is a declaration of war on global food systems.” He told The Associated Press that the region’s farmers “grow enough food to feed 400 million people.”
If such supplies remain off the market, the world could face a food availability problem in the next 10 to 12 months, and “that is going to be hell on earth,” WFP Executive Director David Beasley told the AP in an interview.
He warned that there are “49 million (people) knocking on famine’s door right now in 43 countries,” including Yemen, Lebanon, Mali, Burkina Faso, Egypt, Congo, Guatemala and El Salvador.
Beasley called on the world’s top mega-billionaires to aid efforts to prevent hunger: “The world is in real serious trouble. This is not rhetoric and B.S. Step up now, because the world needs you.”
Besides Zelenskyy’s speech, a sizable Ukrainian government delegation is attending in person, making their case for more Western support in the country’s fight against Russia.
Kyiv Mayor Vitali Klitschko pointed to the audience during a panel with his brother, Wladimir, and said, “We are defending you personally.”
“We are fighting, first of all, for values” and to be part of the democratic world, Vitali Klitschko said. “And right now everyone has to be proactive because we pay for that — the biggest prize, human lives every day.”
Russian officials have not been invited to Davos this year, with what was dubbed the “Russia House” having been transformed by critics — including Ukrainian tycoon Victor Pinchuk and the country’s Foreign Ministry — into what they call the “Russia War Crimes House.” The venue features photos of crimes and cruelties that Russian forces are accused of perpetuating.
Meanwhile, the head of the International Energy Agency urged countries and investors not to see energy shocks from the war as a reason to increase fossil fuel investments — connecting the invasion to another major theme at Davos, climate and environmental issues.
“We should not try to justify a new wave of long-term fossil fuel investments on the basis of what (Russian President Vladimir) Putin did,” Fatih Birol said on an energy panel.
Instead, efficiencies, such as reducing leaked methane and even lowering thermostats by a few degrees this winter in Europe would help ensure adequate energy supply.
Russia is a major supplier of oil and natural gas, with the invasion sending European countries scrambling to reduce their reliance on Moscow’s supplies.
___
AP reporters Kelvin Chan and Peter Prengaman contributed from Davos. | https://localnews8.com/news/ap-national-business/2022/05/23/zelenskyys-speech-is-focus-of-1st-day-of-davos-gathering/ | 2022-05-23T13:22:43Z |
Plans taking shape on the former Ramada “Holidome” Hotel
TOPEKA (WIBW) -- Topekans driving by the empty Holidome at 6th and Fairlawn, wondering what will happen to it now, can weigh in on the future of the hotel in July.
At Topeka City Council Tuesday night, Finance director Steve Wade outlined a new plan for Industrial Revenue Bonds which were first pegged at $10 million, and now estimated at $24 million, to demolish and rebuild on the site of the former Ramada West Hotel. The development company says electrical and plumbing issues necessitate constructing two new housing buildings to be rezoned for light commercial housing. Planning Director Bill Fiander described the plan to council members of two buildings with around 250 studio apartments, ranging in rents of $550 to $750 a month for people to live in.
The Council will take up the issue and the revenue bonds in their meeting Tuesday, July 12th.
The Planning Commission has a public hearing set for tonight, Wednesday the 22nd at 6:00pm, regarding zoning for the apartment project.
Earlier in the evening, Wade discussed several City for Topeka budget plans with the Council, with most agreeing on a spending plan that would include a one-mil reduction in the city’s property tax take for 2023. Mayor Padilla, Deputy Mayor Spencer Duncan, Tony Emerson and Neil Dobler agreed with the one-mil idea, giving help to Topekans in the rough economy. Karen Hiller said a reduction of one-mil would have little or no impact for Topekans, and would risk the City having to ask for more in property taxes for 2024.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/06/22/plans-taking-shape-former-ramada-holidome-hotel/ | 2022-06-22T04:55:23Z |
(NEXSTAR) – Chipotle is giving away burritos on Thursday in honor of National Burrito Day 2022, but if you’re hoping to score a free meal you’ll need to travel to the metaverse to get one.
The fast-casual chain is teaming up with online game platform Roblox to give away 100,000 burritos to the first players who successfully roll a burrito using the 90s-themed Chipotle Burrito Builder video game.
Winners will earn enough in-game currency, Burrito Bucks, to exchange it for an entree code applicable on the Chipotle app or website. The game will go live on April 7 at 3:30 P.M. PDT.
“Chipotle Burrito Builder is inspired by Chipotle fans on social media who have compared the complexities of rolling burritos to playing a video game,” Chipotle said in a news release.
The Burrito Builder experience “teleports” players back to 1993, the year Chipotle was founded. After choosing a uniform and unlocking additional 90s uniform options, players will go to work behind the counter.
“Players will need to drag and drop the correct ingredients into the tortilla situated at the bottom of the screen before the tortilla gets to the end of the line. Lastly, players will need to complete the customer’s order by rolling the burrito using arrow keys before the burrito roller timer runs out. If the player doesn’t build the full burrito order before the tortilla reaches the end of the line or they don’t roll the burrito before the burrito roller time limit, it’s game over. “
chipotle mexican grill
There will be a real-time leaderboard and from April 7 to April 13 the top five contestants at 11:59 P.M. PDT will win free burritos for a year.
In honor of National Burrito Day, Chipotle is also offering a free side or topping of Queso Blanco to rewards members who use the code NBD2022 to order via the website or app.
Last year, Chipotle gave away $100,000 worth of burritos and Bitcoin to celebrate National Burrito Day. | https://cw33.com/news/chipotle-is-giving-away-burritos-thursday-heres-how-you-can-get-one/ | 2022-04-07T17:54:10Z |
Did you lose money on investments in Upstart Holdings? If so, please visit Upstart Holdings, Inc. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com to discuss your rights.
NEW YORK, June 24, 2022 /PRNewswire/ -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Upstart Holdings, Inc. ("Upstart" or the "Company") (NASDAQ: UPST) between March 18, 2021 and May 9, 2022, inclusive (the "Class Period"). The lawsuit was filed in the United States District Court for the Northern District of California and alleges violations of the Securities Exchange Act of 1934.
Upstart is a cloud-based artificial intelligence ("AI") lending platform. The Company claims that "AI lending enables a superior loan product with improved economics that can be shared between consumers and lenders" And that Upstart "leverage[s] the power of AI to more accurately quantify the true risk of a loan." The Company recognizes revenue primarily from fees paid by banks.
Plaintiff alleges that Defendants made materially false and misleading statements throughout the Class Period. Specifically, Plaintiff alleges 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 negative impact on its conversion rate; and (3) as a result, the Company was reasonably likely to use its balance sheet to fund loans.
On May 9, 2022, after the market closed, Upstart announced its first quarter 2022 financial results in a press release. Therein, the Company reduced its fiscal 2022 guidance, expecting revenue of approximately $1.25 billion and contribution margin of 48%. During the related conference call, Upstart's Chief Financial Officer cited "rising interest rates and rising consumer delinquencies [as] putting downward pressure on conversion."
On this news, the Company's stock price fell $43.52, or over 56%, to close at $33.61 per share on May 10, 2022.
If you wish to serve as lead plaintiff, you must move the Court no later than July 12, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
If you purchased UPST securities, and/or would like to discuss your legal rights and options please visit Upstart Holdings, Inc. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for ten consecutive years.
ATTORNEY ADVERTISING. © 2022 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Contact Information:
Peter Allocco
Bernstein Liebhard LLP
https://www.bernlieb.com
(212) 951-2030
pallocco@bernlieb.com
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SOURCE Bernstein Liebhard LLP | https://www.wibw.com/prnewswire/2022/06/24/upstart-holdings-inc-nasdaq-upst-shareholder-class-action-alert-bernstein-liebhard-llp-reminds-investors-deadline-file-lead-plaintiff-motion-securities-class-action-lawsuit-against-upstart-holdings-inc-nasdaq-upst/ | 2022-06-25T00:34:02Z |
ATLANTA -- Racial segregation in housing in the 10-county Atlanta area has eased during the last 50 years, according to a new study from Georgia State University.
Research by economists at the school in downtown Atlanta shows a combination of population growth and federal legislation have resulted in substantial changes in black residential patterns – particularly in the last 20 years – in a metro region that had been deeply segregated.
Black residents were largely concentrated in a few in-town Atlanta neighborhoods east and west of Atlanta’s Central Business District in 1970. But over the next two decades, black families and individuals began expanding into south Fulton, southeast DeKalb and northern Clayton counties.
The Georgia State study attributes those changes in part to the impacts associated with congressional passage of the Fair Housing Act of 1968.
By 2000, the black population had expanded into other areas of the region, particularly in the north, and by 2020 substantial numbers of blacks could be found throughout the entire region.
“When blacks began locating in white neighborhoods, many whites moved out, many outside the I-285 perimeter,” Lakshmi Pandey, a senior research associate at Georgia State’s Fiscal Research Center, said. “However, whites recently have increased their share in many census tracts that were predominately black in 1970. Although there were no large increases of white residents in any of these tracts, their presence in many areas of Atlanta is significant in the last decade compared to trends prior to 2010.”
The study also concluded that immigration of Asians to the U.S. -- and therefore, Atlanta -- increased significantly after passage of the 1965 Immigration and Naturalization Act. With “other races” comprising just 0.2% of the region’s total population in 1970, the share of the Asian population rose to nearly 7.2% in 2020.
Pandey and Georgia State economics professor David Sjoquist also explored four factors that might explain the observed changes in where Atlantans live — black population density, black living preferences, white avoidance and income differences — with mixed results.
“Our findings offer encouraging evidence of a positive change in racial residential segregation and the underlying dynamics,” Sjoquist said. “[But] a positive conclusion must be tempered by the fact that racial residential segregation is still high, particularly in Fulton and DeKalb, and that in the past decade the white population in the 10-county region decreased.” | https://www.albanyherald.com/news/study-finds-lower-levels-of-segregation-in-atlanta-region-housing/article_7e775e4e-ee71-11ec-9eed-4fab0e4212e0.html | 2022-06-18T16:28:06Z |
American Diabetes Association Symposium to Highlight Once Weekly Drug as Potential Treatment for Obesity
NEW ORLEANS, June 4, 2022 /PRNewswire/ -- Today, findings from SURMOUNT-1, the first investigational phase 3 trial evaluating the safety and efficacy of tirzepatide for the treatment of obesity, were announced, representing a new class of medicines being studied for the treatment of obesity. The trial was presented at a symposium at the 82nd Scientific Sessions of the American Diabetes Association® (ADA) in New Orleans, LA, and simultaneously published in The New England Journal of Medicine.
Obesity impacts 650 million people worldwide and nearly half of Americans. Obesity is a chronic disease with limited treatment options that increases the risk of other weight-related conditions and negatively impacts overall health. This study aimed to evaluate tirzepatide, a once-weekly GIP (glucose-dependent insulinotropic polypeptide) and GLP-1 (glucagon-like peptide-1) receptor agonist, for the treatment of obesity.
The study enrolled 2,539 participants who were obese or overweight with at least one weight-related condition, who do not have diabetes. The co-primary endpoints were percent change in body weight from baseline and greater percentage of participants achieving body weight reductions of at least 5% compared to placebo. The most commonly reported adverse events were gastrointestinal-related and generally mild to moderate in severity, usually occurring during the dose-escalation period. Nausea, diarrhea, and constipation were the most frequent adverse events.
The findings indicate tirzepatide may be a potential therapeutic option for individuals living with obesity, with participants losing between 16% and 22.5% of their starting weight. The overall average weight reduction for the highest dose of tirzepatide (15 mg) was about 52 pounds. Substantial weight loss was also achieved on lower doses of tirzepatide: 35 pounds for the 5 mg dose and 49 pounds for the 10 mg dose. Tirzepatide had an overall safety and tolerability profile similar to other incretin-based therapies approved for the treatment of obesity.
"Obesity should be treated like any other chronic disease—with effective and safe approaches that target underlying disease mechanisms, and these results underscore that tirzepatide may be doing just that," said Ania Jastreboff, MD, PhD, associate professor Yale University School of Medicine, director of Weight Management and Obesity Prevention at the Yale Stress Center and co-director of the Yale Center for Weight Management, New Haven, Connecticut. "These results are an important step forward in potentially expanding effective therapeutic options for people with obesity. Notably, about 9 out of 10 individuals with obesity lost weight while taking tirzepatide."
Tirzepatide was recently approved by the U.S. Food & Drug Administration as an adjunct to diet and exercise to improve glycemic control in adults with type 2 diabetes.
Research presentation details:
Dr. Ania M. Jastreboff and study investigators will present the findings at the following symposium:
- Symposium: SURMOUNT-1—Results of The First Phase 3 Obesity Trial with The Novel GIP/GLP-1 Receptor Agonist Tirzepatide
- Presented on Saturday, June 4 at 8:00 a.m. CT
For more information or to request an interview, please contact the ADA Scientific Sessions media team at SciSessionsPress@diabetes.org.
About the ADA's Scientific Sessions
The ADA's 82nd Scientific Sessions, the world's largest scientific meeting focused on diabetes research, prevention, and care, will be a hybrid event held June 3–7, 2022 at the Ernest N. Morial Convention Center in New Orleans, LA. Leading physicians, scientists, and health care professionals from around the world will unveil cutting-edge research, treatment recommendations, and advances toward a cure for diabetes. We are eager to get back to safely participating in person and networking with colleagues while hearing the latest scientific advances and groundbreaking research presentations. Learn more and register at scientificsessions.diabetes.org and join the Scientific Sessions conversation on social media using #ADA2022.
About the American Diabetes Association
The American Diabetes Association (ADA) is the nation's leading voluntary health organization fighting to bend the curve on the diabetes epidemic and help people living with diabetes thrive. For 81 years, the ADA has driven discovery and research to treat, manage, and prevent diabetes while working relentlessly for a cure. Through advocacy, program development, and education we aim to improve the quality of life for the over 133 million Americans living with diabetes or prediabetes. Diabetes has brought us together. What we do next will make us Connected for Life. To learn more or to get involved, visit us at diabetes.org or call 1-800-DIABETES (1-800-342-2383). Join the fight with us on Facebook (American Diabetes Association), Spanish Facebook (Asociación Americana de la Diabetes), LinkedIn (American Diabetes Association), Twitter (@AmDiabetesAssn), and Instagram (@AmDiabetesAssn).
Contact: Daisy Diaz, 504-670-4902
SciSessionsPress@diabetes.org
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SOURCE American Diabetes Association | https://www.wibw.com/prnewswire/2022/06/04/surmount-1-study-finds-individuals-with-obesity-lost-up-225-their-body-weight-when-taking-tirzepatide/ | 2022-06-04T14:21:37Z |
Motorcyclist dies after crash on Beneva Road
Published: Apr. 11, 2022 at 6:44 AM EDT|Updated: 1 hour ago
SARASOTA, Fla. (WWSB) - A 25-year-old Sarasota man died Sunday of injuries after his motorcycle crashed on Beneva Road, the Florida Highway Patrol said.
The motorcyclist was traveling south on Beneva Road at about 12:45 a.m., north of Hacienda Street when the motorcycle went off the road and hit a raised concrete curb, throwing the rider from the bike.
He was taken to Sarasota Memorial Hospital in critical condition and died later that morning, investigators said.
The crash remains under investigation.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/04/11/motorcyclist-dies-after-crash-beneva-road/ | 2022-04-11T11:52:51Z |
GRAND RAPIDS, Mich., Sept. 6, 2022 /PRNewswire/ -- As back-to-school time approaches, one National Heritage Academies (NHA) educator and leader offers advice and tips to help children who are anxious about the first day of school.
Dean of Intervention and Special Education at NHA's Andrew J. Brown Academy Kristin Young had many good ideas. Two are key to Young. The first is to set up routines, processes, and procedures related to school in your home.
"At school, we use routines, processes, and procedures to make our school day function more productively," Young said. "I believe parents can do the same at home. For instance, always leave the backpack in the same place at home. After homework is done, return it to the backpack."
"The second key item is to help your child get their day off to a good start," she said. "Being late or yelling at your child in the morning, sets them up for a rough start to the day."
Young had more tips to help student anxious about the first day of school:
- Talk to your child. Find out what they are worried about. Offer empathy and let them know that it is reasonable to be worried. Problem solve solutions to ease their worry.
- Focus on the positives of school by asking your student, "What are three things that excite you about the first day of school?" You could re-word that and ask your child that question every day.
- If you are able, take your child to the school's open house so they can become familiar with their teacher and school. Have the student practice walking from the school's front door to their classroom. If you missed the open house, go to the school and walk around the grounds to make them familiar with the school.
- Prepare for the first day, and every day, the night before. Set out their uniform or clothes, make lunch and have it in the refrigerator, pack the backpack and be ready to walk out the door, so they can get to school on time.
- Make sure your student gets enough rest.
- Make sure your child arrives to school on time or early the first day. Some students become upset when they must walk into class once class has already started.
Lastly, remember parents and teachers are on the same team with the same goal: educating your child. Always know a teacher's door is open, so make sure to ask questions and share concerns and feedback directly with your child's teacher right away. Creating this relationship ensures you're both aligned in achieving student success.
National Heritage Academies (NHA) is a network of 98 tuition-free, public charter schools across nine states, serving more than 60,000 students in kindergarten through 12th grade. For more information, visit nhaschools.com.
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SOURCE National Heritage Academies | https://www.kxii.com/prnewswire/2022/09/06/national-heritage-academies-educator-offers-tips-help-children-anxious-about-first-day-school/ | 2022-09-06T20:36:16Z |
NEW YORK, July 5, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Intuit, Inc. ("Intuit" or the "Company") (NASDAQ: INTU). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Intuit and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On March 29, 2022, the Federal Trade Commission filed a lawsuit against Intuit, claiming that the Company has deceived millions of Americans into paying for tax service preparation software that should be free. Then, on May 4, 2022, Intuit agreed to pay $141 million to settle similar allegations regarding its TurboTax software.
On this news, Intuit's stock price fell $22.14 per share, or 5.1%, to close at $409.86 per share on May 5, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP | https://www.wibw.com/prnewswire/2022/07/06/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-intuit-inc-intu/ | 2022-07-06T04:20:05Z |
RENO, Nev., July 4, 2022 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) ("i-80", or the "Company") has announced that, as required under the Company's previously completed financing, it has filed a preliminary short form base shelf prospectus with securities regulatory authorities in Canada and a corresponding shelf registration statement on Form F-10 (the "Registration Statement") with the U.S. Securities and Exchange Commission (the "SEC") under the U.S./Canada Multijurisdictional Disclosure System.
"The filing of the base shelf prospectus is a routine filing that fulfills a contractual obligation related to a previously completed financing arrangement. The Company currently has a robust cash and restricted cash balance of approximately US$130 million and we are not actively raising new capital at this time.", commented Ryan Snow, i-80's Chief Financial Officer.
The Registration Statement filed with the SEC has not yet become effective. No securities may be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
The base shelf prospectus and the Registration Statement contain important detailed information about the Company. A copy of the base shelf prospectus can be found on SEDAR at www.sedar.com and a copy of the Registration Statement can be found on EDGAR at www.sec.gov. A copy of the base shelf prospectus and Registration Statement may also be obtained from the Corporate Secretary of the Company at 1100 Russell Street, Thunder Bay, Ontario, P7B 5N2.
i-80 Gold Corp. is a well-financed, Nevada-focused, mining company with a goal of achieving mid-tier gold producer status through the development of multiple deposits within the Company's advanced-stage property portfolio anticipated to be processed at the centrally located Lone Tree processing facility and autoclave.
Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws, including but not limited to, actual production results and costs, results of operation outcomes and timing of updated technical studies at the Company's mineral projects, timing to advance mineral projects to production and advance permitting and feasibility work on the on its mineral projects and future production, development and exploration results. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the Company's current expectations regarding future events, performance and results and speak only as of the date of this release.
Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to: material adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to i-80's filings with Canadian and United States securities regulators, including the most recent Annual Information Form, available on SEDAR at www.sedar.com and on the SEC's website at www.sec.gov
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SOURCE i-80 Gold Corp | https://www.mysuncoast.com/prnewswire/2022/07/04/i-80-gold-announces-filing-short-form-base-shelf-prospectus/ | 2022-07-04T11:31:30Z |
CHICAGO, Sept. 1, 2022 /PRNewswire/ -- JBT Corporation (NYSE: JBT), a global technology solutions provider to high-value segments of the food and beverage industry, announced today it has completed the previously announced acquisition of Bevcorp.
"We are excited to announce that we completed the acquisition of Bevcorp," said Brian Deck, President and Chief Executive Officer. "The acquisition of Bevcorp expands JBT's capabilities in the carbonated beverage processing and packaging market, and it brings a highly resilient business model with more than 60 percent recurring revenue along with a best-in-class service culture. The unique combination of Bevcorp and JBT allows for meaningful cross selling and future growth opportunities in both food and beverage."
Bevcorp Overview
Bevcorp is a leading provider of equipment and aftermarket support for the beverage processing and packaging market in the United States. The business provides core technology solutions in blending, handling, filling, and closing to a range of diverse customers, including blue chip companies. Bevcorp's product offerings are used in high-value segments of the beverage market, including carbonated soft drinks, seltzers, carbonated water, energy drinks, and ready-to-drink alcoholic blends. Additionally, the business' unique process know-how and service culture provide a resilient mix of rebuilds, aftermarket parts, and services.
"By integrating Bevcorp into the JBT family of brands and leveraging our global sales and service network, we can expand Bevcorp's growth opportunities beyond the United States," added Deck. "Additionally, JBT's existing strength in non-carbonated beverage and food processing creates cross selling synergies with Bevcorp."
JBT acquired Bevcorp for an enterprise value of $290 million, subject to customary post-closing adjustments. The transaction was treated as a purchase of assets, which provides a meaningful tax step-up benefit with a net present value of approximately $35 million.
Bevcorp Guidance
The table below reflects guidance specific to Bevcorp and is relative to the Company's prior guidance. 2022 Bevcorp adjusted EBITDA margin and adjusted earnings per share exclude the estimated impact of transaction costs, inventory step-up, and non-recurring integration costs. These costs are expected to be approximately $9 million. Bevcorp is not expected to have a meaningful impact on the Company's adjusted earnings per share in 2022.
JBT Net Leverage Ratio
JBT utilized its existing credit facility to fund the purchase price of Bevcorp. The Company's third quarter 2022 net leverage ratio is expected to temporarily exceed its target of 2.0 – 3.0x, and JBT expects that its net leverage ratio will be below 3.0x by year end 2022.
JBT Corporation (NYSE: JBT) is a leading global technology solutions provider to high-value segments of the food & beverage industry with focus on proteins, liquid foods and automated system solutions. JBT designs, produces and services sophisticated products and systems for multi-national and regional customers through its FoodTech segment. JBT also sells critical equipment and services to domestic and international air transportation customers through its AeroTech segment. JBT Corporation employs approximately 7,000 people worldwide and operates sales, service, manufacturing and sourcing operations in more than 25 countries. For more information, please visit www.jbtc.com.
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond JBT's ability to control. Forward-looking statements include, among others, statements relating to the expected impact of the COVID-19 pandemic on our business and our results of operations, our plans to mitigate the impact of the pandemic, our strategic plans, our restructuring plans and expected cost savings from those plans, our liquidity and our covenant compliance. The factors that could cause our actual results to differ materially from expectations include but are not limited to the following factors: the duration of the COVID-19 pandemic and the effects of the pandemic on our ability to operate our business and facilities, on our customers, on our workforce resulting in higher labor absenteeism, on our supply chains due to extended delivery times and unavailability of required components and freight, on our cost of labor due to higher labor turnover and shortage of skilled labor and on the economy generally; fluctuations in our financial results; unanticipated delays or acceleration in our sales cycles; deterioration of economic conditions; disruptions in the political, regulatory, economic and social conditions of the countries in which we conduct business; changes to trade regulation, quotas, duties or tariffs; risks associated with acquisitions or strategic investments; fluctuations in currency exchange rates; increases in energy or raw material prices, freight costs, and inflationary pressures; changes in food consumption patterns; impacts of pandemic illnesses, food borne illnesses and diseases to various agricultural products; weather conditions and natural disasters; impact of climate change and environmental protection initiatives; our ability to comply with the laws and regulations governing our U.S. government contracts; acts of terrorism or war, including the recent conflict between Russia and Ukraine; termination or loss of major customer contracts and risks associated with fixed-price contracts, particularly during periods of high inflation; customer sourcing initiatives; competition and innovation in our industries; difficulty in implementing our business strategies, including the timing of our previously announced review of strategic alternatives for the AeroTech platform, our ability to identify or develop any strategic alternatives, execute on material aspects of such strategic alternatives, and whether we can achieve the potential benefits of such strategic alternatives. our ability to develop and introduce new or enhanced products and services and keep pace with technological developments; difficulty in developing, preserving and protecting our intellectual property or defending claims of infringement; catastrophic loss at any of our facilities and business continuity of our information systems; cyber-security risks such as network intrusion or ransomware schemes; loss of key management and other personnel; potential liability arising out of the installation or use of our systems; our ability to comply with U.S. and international laws governing our operations and industries; increases in tax liabilities; work stoppages; fluctuations in interest rates and returns on pension assets; availability of and access to financial and other resources; and other factors described under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's most recent Annual Report on Form 10-K filed by JBT with the Securities and Exchange Commission and in any subsequently filed Form 10-Q. In addition, many of our risks and uncertainties are currently amplified by and will continue to be amplified by the COVID-19 pandemic. Given the highly fluid nature of the COVID-19 pandemic, it is not possible to predict all such risks and uncertainties. JBT cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements. JBT undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments, subsequent events or changes in circumstances or otherwise.
Investors & Media: Kedric Meredith +1 312 861 6034
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SOURCE JBT Corporation | https://www.mysuncoast.com/prnewswire/2022/09/01/jbt-corporation-completes-bevcorp-acquisition/ | 2022-09-01T21:36:08Z |
NASHVILLE, Tenn., Aug. 10, 2022 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management increased to $689 billion during July 2022 from $647 billion at the end of June. The 6.5% increase was driven by market appreciation and the July 1 acquisition of CarVal Investors, partially offset by firm-wide net outflows. By channel, net inflows to Private Wealth were offset by net outflows from Retail and Institutions. July month-end AUM reflected $1.7 billion of outflows resulting from AXA S.A's ongoing redemption of certain low-fee fixed income mandates, of which approximately $2.3 billion remains outstanding and is expected to be redeemed by year-end. Excluding these AXA outflows, Institutional net flows were positive for the month of July.
Cautions Regarding Forward-Looking Statements
Certain statements provided by management in this news release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. The most significant of these factors include, but are not limited to, the following: the performance of financial markets, the investment performance of sponsored investment products and separately-managed accounts, general economic conditions, industry trends, future acquisitions, integration of acquired companies, competitive conditions, and government regulations, including changes in tax regulations and rates and the manner in which the earnings of publicly-traded partnerships are taxed. AB cautions readers to carefully consider such factors. Further, such forward-looking statements speak only as of the date on which such statements are made; AB undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements. For further information regarding these forward-looking statements and the factors that could cause actual results to differ, see "Risk Factors" and "Cautions Regarding Forward-Looking Statements" in AB's Form 10-K for the year ended December 31, 2021 or form 10-Q for the quarter ended June 30, 2022. Any or all of the forward-looking statements made in this news release, Form 10-K, Form 10-Q, other documents AB files with or furnishes to the SEC and any other public statements issued by AB, may turn out to be wrong. It is important to remember that other factors besides those listed in "Risk Factors" and "Cautions Regarding Forward-Looking Statements", and those listed above, could also adversely affect AB's financial condition, results of operations and business prospects.
About AllianceBernstein
AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private wealth clients in major world markets.
As of June 30, 2022, including both the general partnership and limited partnership interests in AllianceBernstein, AllianceBernstein Holding owned approximately 35.7% of AllianceBernstein and Equitable Holdings, Inc. ("EQH"), directly and through various subsidiaries, owned an approximate 65.0% economic interest in AllianceBernstein.
Additional information about AB may be found on our website, www.alliancebernstein.com.
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SOURCE AllianceBernstein | https://www.mysuncoast.com/prnewswire/2022/08/10/ab-announces-july-31-2022-assets-under-management/ | 2022-08-10T21:36:00Z |
UVALDE, Texas (Nexstar) — Alfred Garza III welcomed us into his home. On almost every wall are photos of his 10-year-old daughter, Amerie Jo.
It’s been almost two months since she was taken from him, but for the first time on Tuesday, he saw the surveillance video from inside Robb Elementary when the May 24 shooting happened.
This caught him off guard and did upset him, since he was expecting a private viewing with other families on Sunday before it was publicly released.
“It was kind of hard to hear the rounds firing, knowing where those bullets went,” Garza said.
Capitol Correspondent Jala Washington asked Garza if he’s glad the video was released early.
“It’s a double-edged sword,” Garza said. “I was anticipating for stuff like this to happen. I kind of hate it, that bits and pieces are coming out, because I would like to see the puzzle as a whole without pieces missing. Because when stuff like this comes out, kind of everybody draws their own conclusions as to why this happened.”
Maybe most upsetting for him was seeing how many officers were in the school for as long as they were before the shooter was killed.
“They took an oath to serve and protect, and I feel somebody should have taken initiative and said, ‘hey, we got to do something now,'” Garza said.
As questions go unanswered for now, Uvalde’s mayor said the video shouldn’t have been released before families could view it.
“It’s one of the most chicken things I’ve ever seen,” Mayor Don McLaughlin said. “Yes, I wanted the video released, but all these media outlets knew that we were working with the House committee.”
Garza just wants to keep being a voice for his Amerie.
“I’m trying to let the process work itself out,” Garza said. “And so that way I can get, you know, the solutions. We still have a lot of children that need to go back to school, that want to go back to school. And parents are scared to send them.”
The Texas House Committee investigating the shooting still plans to share the video and their preliminary report with family members on Sunday.
Those lawmakers said their report will have more context, like the fact that one of the officers seen on his phone was trying to contact his wife, Eva Mireles, one of the teachers inside who died. According to El Paso State Rep. Joe Moody, his wife texted him saying she had been shot and was dying. | https://cw33.com/news/father-who-lost-only-child-in-uvalde-shooting-reacts-to-leaked-surveillance-video/ | 2022-07-14T16:13:06Z |
NASDAQ | TSX: ACB
EDMONTON, AB, Aug. 29, 2022 /PRNewswire/ - Aurora Cannabis Inc. (the "Company" or "Aurora") (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, announced today that it has scheduled a conference call to discuss the results for its fourth quarter and full fiscal year 2022 on Tuesday, September 20, 2022 at 5:00 p.m. Eastern Time | 3:00 p.m. Mountain Time. The Company will report its financial results for the fourth quarter and full fiscal year 2022 after the close of markets that same day.
Miguel Martin, Chief Executive Officer, and Glen Ibbott, Chief Financial Officer, will host the conference call and question and answer period. This weblink has also been posted to the Company's "Investor Info" link at https://investor.auroramj.com/ under "News & Events".
Additionally, Aurora has announced that along with the filing of its annual financial statements, it expects to file other annual disclosure documents – including the Annual Information Form. Furthermore, Aurora announced that it has scheduled its Annual General and Special Meeting of shareholders, which will be held virtually on Monday, November 14, 2022 at 1 p.m. Eastern Time | 11:00 a.m. Mountain Time. In conjunction with the meeting, Aurora expects to file its Information Circular and related proxy materials, which will be available for download under its profile on both SEDAR and EDGAR.
Aurora is a global leader in the cannabis industry, serving both the medical and consumer markets. Headquartered in Edmonton, Alberta, Aurora is a pioneer in global cannabis, dedicated to helping people improve their lives. The Company's adult-use brand portfolio includes Aurora Drift, San Rafael '71, Daily Special, Whistler, Being and Greybeard, as well as CBD brands, Reliva and KG7. Medical cannabis brands include MedReleaf, CanniMed, Aurora and Whistler Medical Marijuana Co. Aurora also has a controlling interest in Bevo Farms, North America's leading supplier of propagated agricultural plants. Driven by science and innovation, and with a focus on high-quality cannabis products, Aurora's brands continue to break through as industry leaders in the medical, performance, wellness and adult recreational markets wherever they are launched. Learn more at www.auroramj.com and follow us on Twitter and LinkedIn.
Aurora's common shares trade on the NASDAQ and TSX under the symbol "ACB" and is a constituent of the S&P/TSX Composite Index.
This news release includes statements containing certain "forward-looking information" within the meaning of applicable securities law ("forward-looking statements"). Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements made in this news release include statements regarding timing of the release of the Company's financial statements for fourth quarter ended June 30, 2022 and associated conference call, as well as timing for our Annual General and Special Meeting and filing of related proxy materials.
These forward-looking statements are only predictions. Forward looking information or statements contained in this news release have been developed based on assumptions managements considers to be reasonable. Material factors or assumptions involved in developing forward-looking statements include, without limitation, publicly available information from governmental sources as well as from market research and industry analysis and on assumptions based on data and knowledge of this industry which the Company believes to be reasonable. Forward-looking statements are subject to a variety of risks, uncertainties and other factors that management believes to be relevant and reasonable in the circumstances could cause actual events, results, level of activity, performance, prospects, opportunities or achievements to differ materially from those projected in the forward-looking statements. These risks include, but are not limited to, the ability to retain key personnel, the ability to continue investing in infrastructure to support growth, the ability to obtain financing on acceptable terms, the continued quality of our products, customer experience and retention, the development of third party government and non-government consumer sales channels, management's estimates of consumer demand in Canada and in jurisdictions where the Company exports, expectations of future results and expenses, the risk of successful integration of acquired business and operations, management's estimation that SG&A will grow only in proportion of revenue growth, the ability to expand and maintain distribution capabilities, the impact of competition, the general impact of financial market conditions, the yield from cannabis growing operations, product demand, changes in prices of required commodities, competition, and the possibility for changes in laws, rules, and regulations in the industry, epidemics, pandemics or other public health crises, including the current outbreak of COVID-19, and other risks, uncertainties and factors set out under the heading "Risk Factors" in the Company's annual information form dated September 27, 2021 (the "AIF") and filed with Canadian securities regulators available on the Company's issuer profile on SEDAR at www.sedar.com and filed with and available on the SEC's website at www.sec.gov. The Company cautions that the list of risks, uncertainties and other factors described in the AIF is not exhaustive and other factors could also adversely affect its results. Readers are urged to consider the risks, uncertainties and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such information. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.
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SOURCE Aurora Cannabis Inc. | https://www.wibw.com/prnewswire/2022/08/29/aurora-cannabis-host-fourth-quarter-full-fiscal-year-2022-investor-conference-call-related-year-end-informational-filings/ | 2022-08-29T21:28:05Z |
NEW YORK, June 1, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Mullen Automotive, Inc. f/k/a Net Element, Inc. (NASDAQ: MULN, NETE) between June 15, 2020 and April 6, 2022, inclusive (the "Class Period"), of the important July 5, 2022 lead plaintiff deadline in the securities class action commenced by the Firm.
SO WHAT: If you purchased Mullen 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 Mullen class action, go to https://rosenlegal.com/submit-form/?case_id=5459 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 July 5, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Mullen overstates its ability and timeline regarding production; (2) Mullen overstates its deals with business partners, including Qiantu Motors; (3) Mullen overstates its battery technology and capabilities; (4) Mullen overstates its ability to sell its branded products; (5) Net Element did not conduct proper due diligence into Mullen Technologies; (6) the Dragonfly K50 was not (solely) delayed due to the COVID-19 pandemic; and (7) as a result, defendants' public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Mullen class action, go to https://rosenlegal.com/submit-form/?case_id=5459 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A. | https://www.kxii.com/prnewswire/2022/06/02/rosen-top-ranked-investor-counsel-encourages-mullen-automotive-inc-fka-net-element-inc-investors-with-losses-secure-counsel-before-important-deadline-securities-class-action-first-filed-by-firm-muln-nete/ | 2022-06-02T02:14:13Z |
Taiwan faces largest COVID-19 outbreak yet
By HUIZHONG WU
Associated Press
TAIPEI, Taiwan (AP) — Taiwan had been living mostly free of COVID-19 until this month. The island is now facing its worst outbreak since the beginning of the pandemic. Chen Shih-chung, the island’s health minister, announced they had found more than 11,000 new cases Thursday, along with two deaths. Cases have been on the upswing since late March. In April, the island’s central authorities announced they would no longer maintain a “zero-COVID” policy like the Chinese government’s in which they would centrally quarantine positive cases. A system was rolled out Thursday that limits each person to buying one pack of five COVID-19 tests per trip. Each purchase must be linked to an individual’s national ID to ensure there is no stockpiling. | https://localnews8.com/news/ap-national-business/2022/04/28/taiwan-faces-largest-covid-19-outbreak-yet/ | 2022-04-28T10:19:14Z |
PITTSBURGH, April 7, 2022 /PRNewswire/ -- "I thought there should be a simple accessory that enables you to sit, hold fishing rods and store a cooler and other gear while fishing," said an inventor, from San Antonio, Texas, "so I invented the SPORTS BUDDY. My design can be easily transported to and from a fishing spot."
The invention provides a comfortable and portable seat assembly for fishing enthusiasts. It also offers convenient storage for a cooler and other accessories and it ensures that rod and reel combinations are secure. As a result, it could make a fishing trip easier and more enjoyable. The invention features a multi-purpose design that is easy to use and transport so it is ideal for fishing enthusiasts. Additionally, it is producible in design variations.
The original design was submitted to the Denver sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-DVR-919, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com.
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SOURCE InventHelp | https://www.kxii.com/prnewswire/2022/04/07/inventhelp-inventor-develops-multi-purpose-accessory-fishing-enthusiasts-dvr-919/ | 2022-04-07T16:52:23Z |
Combined ancillary care network bolsters offerings throughout the U.S.
MEMPHIS, Tenn. , May 19, 2022 /PRNewswire/ -- Sedgwick, a leading global provider of technology-enabled risk, benefits and integrated business solutions, announced it has acquired Orchid Medical, a nationwide provider of ancillary medical management solutions for the workers' compensation industry.
This acquisition represents an investment in the continued growth of Sedgwick's ancillary care network, which ensures that employees of the company's workers' compensation clients receive prompt, high-value service for durable medical equipment (DME), transportation, translation, home health, diagnostic imaging and other aspects of care on the road to recovery.
"Together with Orchid, we will strengthen our holistic approach to caring for clients' injured and ill colleagues, helping them return to maximum health and productivity," said Andrea Buhl, Sedgwick's president of managed care. "This acquisition enables us to provide employers with a single point of service for a broad range of ancillary care needs while strengthening our workers' compensation and managed care capabilities and our commitment to taking care of people when they need us most."
Established in 2002 as a DME and medical supplies provider, Orchid Medical was founded on the principle of delivering reliable services and quality care to the workers' compensation industry. Headquartered in Orlando, Florida, Orchid Medical now offers a wide array of ancillary services including surgical implants cost containment, DME and supplies, prosthetics and orthotics, home health, complex care, home and vehicle modifications, diagnostic imaging, physical medicine, and transportation and language services.
"By joining forces with Sedgwick, we'll create a combined network of unparalleled reach and scope that will truly transform ancillary care for workers' compensation," said Paul Taylor, CEO of Orchid Medical. "Bringing together the brilliant minds and outstanding solutions of our two organizations means we can deliver the very best care available to employees of our valued clients."
For more information on Sedgwick's managed care offerings, visit sedgwick.com/solutions/casualty/managed-care.
About Sedgwick
Sedgwick is a leading global provider of technology-enabled risk, benefits and integrated business solutions. We provide a broad range of resources tailored to our clients' specific needs in casualty, property, marine, benefits, brand protection and other lines. At Sedgwick, caring counts; through the dedication and expertise of nearly 30,000 colleagues across 80 countries, the company takes care of people and organizations by mitigating and reducing risks and losses, promoting health and productivity, protecting brand reputations, and containing costs that can impact performance. Sedgwick's majority shareholder is The Carlyle Group; Stone Point Capital LLC, Caisse de dépôt et placement du Québec (CDPQ), Onex and other management investors are minority shareholders. For more, see sedgwick.com.
About Orchid Medical
Orchid Medical is a leading, nationwide provider of integrated ancillary and surgical implants cost containment solutions for the workers' compensation industry. Orchid Medical works collaboratively with claims professionals and medical providers to cost-effectively manage and deliver the appropriate care and services injured employees need to recover. The company's medical management solutions include a Surgical Cost Containment Program® (SCCP), DME and supplies, orthotics and prosthetics, home health, complex care, home and vehicle modifications, diagnostic imaging, physical medicine, and transportation and language services. For more, see orchidmedical.com.
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SOURCE Sedgwick | https://www.kxii.com/prnewswire/2022/05/19/sedgwick-acquires-orchid-medical/ | 2022-05-19T15:43:23Z |
Award Presented at Inaugural Delta Conference in Minneapolis
DOTHAN, Ala., June 1, 2022 /PRNewswire/ -- LBA Hospitality, an Alabama–based hotel management company, today announced that Jackie Hymel, general manager of the Delta Hotels by Marriott Ashland Downtown has been awarded General Manager of the Year by the Delta Hotels brand. The prestigious award recognizes the individual who provides outstanding leadership and contributions to the hotel's overall success as well as being actively engaged in their community. Because of Jackie's leadership and attention to detail the Delta Hotels by Marriott Ashland Downtown has been ranked in the top 10 Delta Hotels in the United States and Canada.
With over 20 years of experience in the hospitality industry, Hymel has been the general manager of the Delta Hotels by Marriott Ashland Downtown since its opening in July of 2019. During this time, she has provided daily coaching to team members in every department on how to improve their jobs to make themselves and the hotel better and she's ensured that her team stays within budget and provides exemplary service to the guests.
"Jackie is an exceptionally talented leader who epitomizes success and seeks greatness from her team," said Farrah Adams, COO of LBA Hospitality. "Jackie is loved by the staff for her open-door policy and for always being the first to volunteer when an associate has a problem. All of us at LBA Hospitality congratulate Jackie for this well-deserved recognition!"
For more information on the Delta Hotels by Marriott Ashland Downtown please visit their website.
About LBA Hospitality
Established in 1973, LBA Hospitality is one of the leading hotel management, development, and consulting companies in the US. With an extensive portfolio of hotels located in the Southeast and Southwest, the company is a recognized leader developing and operating the most respected brands under franchise licenses of Marriott International, Hilton Worldwide, and InterContinental Hotel Group. For more than four decades, LBA Hospitality has continued to set a higher standard in hotel development, management, and guest satisfaction, resulting in sustained, profitable growth for owners. For more information, visit www.lbahospitality.com.
About Delta Hotels by Marriott
Delta Hotels by Marriott creates a seamless travel experience in more than 90 locations across North America, Asia, Europe and the Middle East, and Central America and Caribbean. Delta Hotels focuses on the details that truly matter, delivering a streamlined and flawless stay for its guests every time. The brand's simple and intuitive designed rooms, free Wi-Fi, exclusive Delta Pantry for Marriott Bonvoy Elite members, and convenient dining options offer travelers an effortlessly comfortable and stylish place to stay.
Contact:
Judy Cluck
Vice President of Sales and Marketing
Larry Blumberg & Associates, Inc.
678-977-8316
judyc@lbaproperties.com
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SOURCE LBA Hospitality | https://www.mysuncoast.com/prnewswire/2022/06/01/delta-hotels-by-marriott-names-jackie-hymel-general-manager-year/ | 2022-06-01T14:01:17Z |
— Integrated Solutions Characterize, Test, and Optimize One or More Communication Antennas in Vehicles, Mobile Devices, and Similar Products —
ALLEN, Texas , June 6, 2022 /PRNewswire/ -- Anritsu Company and AeroGT Labs have partnered to provide best-in-class 5G Multiple-In Multiple-Out (MIMO) Over-the-Air (OTA) test platforms to characterize, test, and optimize antennas. The platforms perform single- or multiple-use antenna performance and reliability tests on products, such as vehicles, mobile devices, and similar designs, in a simulated environment before commercialization.
Vehicle antenna performance is vital in advanced autonomous driving vehicles and critical automotive safety features, such as eCall. In modern vehicles, there is a minimum of 15 onboard antennas that link communications, entertainment, self-driving, and safety subsystems. They must be tested singularly and simultaneously to ensure proper operation and their ability to coexist.
"The millimeter-wave (mmWave) frequency range is characterized by high-performance and robust reliability and is ideal for 5G MIMO OTA applications," said Steve Wong, Chief Marketing Officer for AeroGT. "While performing OTA MIMO measurements in a mmWave anechoic chamber is necessary to obtain reliable and accurate measurements, a myriad of other instrumentation, such as vector network analyzers, signal generators, and automation software, is required and must be integrated to form a fully functional system.
"Our turnkey solutions use best-in-class products and technologies. The systems integrate solutions from General Test Systems (GTS), a world-leading specialist company in mobile device, antenna, and OTA testing, and Anritsu, a global provider of innovative communications test and measurement solutions."
"Anritsu's Radio Communication Analyzer MT8821C and Radio Communication Test Station MT8000A are field-proven and critically important solutions for MIMO OTA test," said Adnan Khan, Director of Technology and Market Development for Anritsu. "The high dynamic range RF performance of the MT8000A and MT8821C enables successful 3GPP-specified Radiated Two-Stage (RTS) testing in a MIMO environment."
(more)
The China Intelligent and Connected Vehicles (CICV) Research Institute in Beijing standardized on an OTA MIMO measurement system utilizing an automotive communication performance measurement system developed by GTS, the Anritsu MT8000A and MT8821C instruments, and integrated by TOYO Corporation. It supports CICV's efforts to codify wireless communication standards for intelligent connected vehicles (ICV).
The system employs GTS' patented RTS method, a technology approved by 3GPP as a test method for mobile terminals and base stations for the measurement of in-vehicle wireless communication performance for connected vehicles. The GTS RTS implementation accelerates the measurement cycle without sacrificing accuracy.
These 5G MIMO OTA solutions can be used at many different product development stages – from research and development to quality assurance and production test. Industry professionals seeking OTA testing capabilities can contact experts at AeroGT or Anritsu for more information or a product demonstration.
About Anritsu
Anritsu is a provider of innovative communications test and measurement solutions. Anritsu engages customers as true partners to help develop wireless, optical, microwave/RF, and digital solutions for R&D, manufacturing, installation, and maintenance applications, as well as multidimensional service assurance solutions for network monitoring and optimization. Anritsu also provides precision microwave/RF components, optical devices, and high-speed electrical devices for communication products and systems. The company develops advanced solutions for emerging and legacy wireline and wireless technologies used in commercial, private, military/aerospace, government, and other markets.
To learn more visit www.anritsu.com and follow Anritsu on Facebook, LinkedIn, Twitter, and YouTube.
About AeroGT
Headquartered in northern California and with satellite offices around the world, AeroGT Labs (www.aerogtlabs.com) is a global provider of Over-the-Air (OTA) measurement solutions. Our patented products and solutions are used by leading automotive, consumer electronics, and medical device manufacturers to help them accelerate their product development cycles and ultimately develop higher-quality products. The techniques and technologies used in a number of our automotive test solutions have been adopted by several standards bodies including the 3GPP organization.
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SOURCE Anritsu Company | https://www.kxii.com/prnewswire/2022/06/06/anritsu-company-aerogt-labs-partner-offer-test-platforms-5g-mimo-ota-testing-measurement/ | 2022-06-06T18:56:09Z |
RALEIGH, N.C., Aug. 25, 2022 /PRNewswire/ -- Farm Aid's deadline to make advance requests for credentials to attend this year's music and food festival is Monday, Sept. 5. After this date, media who request a credential will incur a $30 late fee.
All media attending the festival are required to obtain Farm Aid-issued press credentials, which will only be distributed to working reporters and photographers. The credentialing applications for Farm Aid 2022 should be completed online at www.farmaid.org/media. Festival media policies also are available for download.
Farm Aid 2022, scheduled for Saturday, Sept. 24, at Coastal Credit Union Music Park at Walnut Creek in Raleigh, N.C., will bring together family farmers and musician activists, with performances by Willie Nelson & Family, John Mellencamp, Dave Matthews & Tim Reynolds, and Margo Price, as well as Chris Stapleton, Sheryl Crow, Lukas Nelson, Nathaniel Rateliff and The Night Sweats, Allison Russell, Charley Crockett, Brittney Spencer and Particle Kid.
Members of the media who pre-register will receive credentials on the day of the festival at Coastal Credit Union Music Park at Walnut Creek. All freelance reporters and photographers must pre-register and provide proof of assignment. A limited number of credentials will be available at the venue for reporters only on the day of the show. Information about the time and location of media credentialing, as well as parking information and a schedule of events, will be made available to pre-registered media in September.
Venue and Farm Aid staff are following the latest CDC guidance and industry best practices to prevent the transmission of COVID-19, including various precautions across the festival operation. Based on the latest local guidelines, neither reporters nor attendees are required to provide proof of a negative COVID-19 test and/or vaccination for entry into Farm Aid 2022. Farm Aid will monitor the situation closely and update protocols as warranted leading up to Sept. 24. Be sure to check FarmAid.org for the latest updates and guidelines as entry requirements are subject to change. No refunds will be offered due to changed requirements.
For event updates, follow Farm Aid on Twitter (@FarmAid), Facebook (facebook.com/farmaid) and Instagram (instagram.com/farmaid), and visit farmaid.org/festival. Festivalgoers are encouraged to use the hashtags #FarmAid2022 and #Road2FarmAid to join the conversation on social media around this year's festival.
Farm Aid's mission is to build a vibrant, family farm-centered system of agriculture in America. Farm Aid artists and board members Willie Nelson, Neil Young, John Mellencamp, Dave Matthews and Margo Price host an annual festival to raise funds to support Farm Aid's work with family farmers and to inspire people to choose family farm food. For more than 35 years, Farm Aid, with the support of the artists who contribute their performances each year, has raised more than $64 million to support programs that help farmers thrive, expand the reach of the Good Food Movement, take action to change the dominant system of industrial agriculture and promote food from family farms.
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SOURCE Farm Aid | https://www.wibw.com/prnewswire/2022/08/25/sept-5-deadline-approaches-for-farm-aid-2022-media-credentials/ | 2022-08-25T20:58:51Z |
BURRILLVILLE, R.I. (AP) — The Rhode Island farmhouse that inspired the 2013 horror movie “The Conjuring” has been sold to a Boston developer who plans to keep it open to the public.
The 18th century home in Burrillville sold for $1.525 million on Thursday, far higher than the $1.2 million asking price.
“This purchase is personal for me,” buyer Jacqueline Nuñez, owner of WonderGroup LLC, told The Boston Globe. “It’s not a real estate development. It’s around my own beliefs.”
Nuñez and the couple who sold the home, Cory and Jennifer Heinzen, jointly announced the sale on Facebook.
Nuñez plans to continue the paranormal business the Heinzens started. Guests will be able to continue the nightly paranormal investigations, day tours will resume and there will be livestreamed events. The Heinzens, who bought the home in 2019, will remain involved.
The movie wasn’t filmed at the home but was based on the experiences of a family that lived there in the 1970s.
Nuñez said she is not afraid of the house.
“I don’t believe the energy here is malevolent. Things will happen here that will startle me, but not harm me,” she said. “I look forward to experiencing things.” | https://cw33.com/strange-news/ap-strange-news/home-that-inspired-the-conjuring-sells-for-more-than-1-5m/ | 2022-05-27T22:33:31Z |
NEW YORK, May 16, 2022 /PRNewswire/ -- Attention Vertiv Holdings Co ("Vertiv") (NYSE: VRT) shareholders:
The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors. This lawsuit is on behalf of persons and entities that: (a) purchased or otherwise acquired Vertiv securities between February 24, 2021, and February 23, 2022, inclusive; and/or (b) purchased Vertiv shares in or traceable to the Company's secondary public offering of Class A common stock conducted on or around November 4, 2021.
If you suffered a loss on your investment in Vertiv, contact us about potential recovery by using the link below. There is no cost or obligation to you.
ABOUT THE ACTION: The class action against Vertiv includes allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (1) the Company could not adequately respond to supply chain issues and inflation by increasing its prices; (2) as a result of the increasing costs, Vertiv's earnings would be adversely impacted; and (3) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
DEADLINE: May 23, 2022
Aggrieved Vertiv investors only have until May 23, 2022 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent Wong | https://www.wibw.com/prnewswire/2022/05/16/class-action-alert-law-offices-vincent-wong-remind-vertiv-investors-lead-plaintiff-deadline-may-23-2022/ | 2022-05-16T10:07:59Z |
- DAMAC believes Miami is a natural fit given its luxury and fashion appeal
- Announcement comes at a time of rapid global expansion for the Dubai-based developer
DUBAI, UAE and MIAMI, May 27, 2022 /PRNewswire/ -- UAE-based DAMAC Properties has announced that it has won the US $120 million bid to acquire land in the upscale Miami neighbourhood of Surfside. The Dubai-based developer plans to build an ultra-luxurious, CAVALLI branded condominium project.
The property, on Collins Avenue, offers residents 200 feet of direct beach frontage and access to South Beach and Bal Harbour. The land, comprising 1.8 acres, was sold to DAMAC for $120 million through the court process.
Commenting on the purchase, DAMAC Chairman and Founder, Hussain Sajwani, said: "DAMAC Properties has long been eyeing development opportunities in Miami. We see the city, which is known for being a luxury and fashion centre, as a natural fit for our Company, which has an established reputation for its branded luxury offerings."
Surfside, in recent years, has become a hotspot for ultra-luxury condominium developments, including the Four Seasons Private Residences, the Fendi Chateau Residences, and the Arte Surfside buildings.
The town also has a collection of high-end hotels, including the Four Seasons, the St. Regis Bal Harbour, and the Ritz-Carlton Bal Harbour and its primary shopping area, the Bal Harbour Shops, is known throughout Miami as a luxury shopping destination.
DAMAC Properties, known for its luxury real estate offerings both regionally and globally, is rapidly expanding its global footprint such as its flagship project in Europe — DAMAC Towers Nine Elms in the prestigious Zone 1 district of London with Versace interiors.
The Surfside project will be DAMAC's first in the United States.
The Company's consistent success over the years, and more recently on the tailwinds of Dubai's stellar economic performance and forecast, has propelled it to eye various global opportunities for development and growth.
It is developing a luxury resort in the Maldives to be operated by global hotel brand Mandarin International and has already projects in Canada, the UK and across the Middle East.
In 2021, DAMAC Properties launched two projects in Dubai, DAMAC Lagoons, the developer's third master community in Dubai, and Cavalli Tower, an ultra-luxurious 70-storey tower overlooking Palm Jumeirah, with Cavalli-branded interiors. Both projects have seen great customer interest and demand.
"Our global expansion into the United States marks a major milestone and demonstrates that DAMAC is a force to be reckoned with. This is an exciting time, and we have a lot in store," Sajwani said.
"We are rapidly growing, not only in our real estate endeavours but in various sectors such as fashion, hospitality and even emerging industries such as the Metaverse, NFTs and data centres. This enables us to stay ahead of the curve," he concluded.
Photo - https://mma.prnewswire.com/media/1827765/DAMAC_1.jpg
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SOURCE DAMAC Properties | https://www.mysuncoast.com/prnewswire/2022/05/27/dubai-based-damac-properties-makes-foray-into-us-real-estate-market-with-ultra-luxurious-cavalli-branded-miami-condos/ | 2022-05-27T16:44:25Z |
Country
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Pastry cutters
Creating and enjoying delicious and decadent pastries requires care and control throughout the baking process. You’ll also need the right tools, including an effective pastry cutter, which maintains the texture of the dough, manipulates shortening and creates aesthetically pleasing designs.
Pastry cutters vary, with options differing in size, quality and usage. Our top pick is the SUMO Pastry Cutter, though you’re likely to need more than one if you’re a frequent or aspiring baker. Our guide details the various pastry cutters and how to find the right one for the job.
What to know before you buy a pastry cutter
Type
Two main types of pastry cutters serve very different purposes. As such, most chefs prefer to have both options on hand.
The blending cutter features a handle attached to multiple u-shaped blades best used to cut butter or shorten to mix into dry ingredients. The thickness of the blades will vary across models, as well as the durability. As these often require a bit of force to use, the handle should be comfortable and easy to grip.
Cutting wheels are smaller, more intricate tools for cutting pastry and creating delicate designs. They may cut up pasta when preparing ravioli or create a lattice on a pie. These come in different sizes with one or two wheels included to offer cutting options. The handle should be comfortable, while the wheel should spin easily.
Most kitchens will be well served by having a blending pastry cutter on hand, while the wheels are more specialized, employed by more involved bakers and chefs.
Handle
A durable, easy-to-grip handle is just as important as the quality of blades. If you aren’t able to effectively wield the tool, it will serve little purpose. Handles may be made of wood, plastic or rubber. While wood is inexpensive, it’s not dishwasher safe and may be hard to get a firm grip when trying to exert more force. Plastic and rubber offer more secure handling at a higher price, though they may not last as long.
An ergonomic grip is worth considering, too, particularly for those who will be cooking or baking in bulk. You don’t want to strain your hand preparing pasta for an hour, repeating the same task again and again.
What to look for in a quality pastry cutter
Blades
Seek out blades made from stainless steel for best performance. Highly durable, they will cut through cold butter with ease and are typically dishwasher safe. Still, any metal blades are often preferred to wire options. Wire pastry blenders are standard and inexpensive, but they may struggle to get through some shortening. They are also harder to clean and may snap or break over time.
Left-handed usage
Some pastry cutters are designed with right-handers in mind, angled ever so slightly to favor those wielding the tool from that side. For those who primarily use their left hand, double-check to see that the tool caters to both sides or is efficiently utilized by left-handers without sacrificing results or comfort.
Colors
While it won’t affect functionality, some users may want to opt for a specific color when available on the handle. You can use color to create a slight accent in the kitchen or complement decor. In busy kitchens, color can serve a coding system so that different users have their own utensils, which is particularly useful for any specific diet or allergy.
How much you can expect to spend on a pastry cutter
Pastry cutters are relatively inexpensive, and both blending cutters and pastry wheels tend to cost around the same price. You can find quality options between $8-$12.
Pastry cutter FAQ
What’s the best way to cut and mix butter using a pastry cutter?
A. For best results, it’s recommended to use cold butter when baking. Frozen butter is too hard to slice through, while warmer butter may melt too quickly, particularly when you’re handling it frequently and creating friction.
In some cases, you may want to cut the butter with a knife before using a pastry cutter to make it more manageable. Once you notice the butter has a crumbly texture when mixed among dry ingredients, your blending process will be complete.
What else can I use the pastry cutter for?
A. A high-quality pastry blender can be used to mix and mash a variety of ingredients, including sides and dips such as mashed potatoes, guacamole and hummus. Any time you’re dealing with dough, a cutter will help separate it for easier use while also creating even lines and patterns.
What’s the best pastry cutter to buy?
Top pastry cutter
What you need to know: Durable and powerful pastry cutter that accomodates all users and provides plenty of convenience.
What you’ll love: Ergonomic grip offers comfort, while design caters to both righties and lefties. Dishwasher safe. Handle available in several colors.
What you should consider: The handle may be too large for some users.
Where to buy: Sold by Amazon
Top pastry cutter for the money
What you need to know: Quality, inexpensive pastry cutter that allows for both straight lines and fluted edges.
What you’ll love: Features two wheels on one end for diverse usage. Turns smoothly; sharp blades allow for quick, even cuts. Ideal for intricate designs. Comfortable handle.
What you should consider: Straight cuts may require some guidance.
Where to buy: Sold by Amazon
Worth checking out
What you need to know: Comfortable, smaller-sized pastry cutter that is sturdy and reliable in the kitchen.
What you’ll love: Affordable and durably-made pastry blender featuring thick blades and a rubber handle. Powerful but lightweight. Dishwasher safe.
What you should consider: Not ideal for larger hands.
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/utensils-tools-br/the-best-pastry-cutter/ | 2022-07-11T23:15:10Z |
Amazon to sublease warehouses as online shopping slows
Associated Press
Amazon is planning to sublease some of its warehouse space because the pandemic-fueled surge in online shopping has slowed. That surge helped the e-commerce giant rake in soaring profits in the past two years. But as the worst of the pandemic eased, Amazon found itself with too much warehouse space and too many workers A spokesperson for Seattle-based Amazon declined to disclose how much space the company plans to sublease. But citing anonymous sources, Bloomberg News and The Wall Street Journal reported earlier that Amazon would sublet at least 10 million square feet of space and could end more of its leases. | https://localnews8.com/news/ap-national-business/2022/05/23/amazon-to-sublease-warehouses-as-online-shopping-slows/ | 2022-05-24T00:35:26Z |
LINCOLN, Neb., May 16, 2022 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ: MDWT), today announced financial results for the first quarter of 2022.
First Quarter 2022 Highlights:
- GAAP net income was $187,000 compared to a $(1.6) million GAAP net loss incurred in the first quarter of 2021. GAAP earnings were 5 cents per share (diluted) versus the (43) cent per-share loss in Q1 2021.
- GAAP total revenue was $2.6 million compared to the negative total revenue of $(614,000) in the first quarter of 2021. Driving the year-over-year improvement in total revenue was increased net investment income, as invested assets grew to $1.1 billion as of March 31, 2022, compared with $693 million as of March 31, 2021, along with service fee revenue.
- Annuity direct written premium under statutory accounting principles ("SAP"), a non-GAAP measure, was $98.1 million compared with $123.7 million in 2021's first quarter and $104.2 million in the fourth quarter of 2021. The mix of our new business was 26% Multiyear Guaranteed Annuities (MYGA) and 74% Fixed Income Annuities (FIA).
- Ceded premiums (SAP) were $40.1 million compared with $47.5 million in the year-earlier quarter. The cession rate, or that portion of our written premiums that we reinsured, was 40.9% compared with 38.4%.
- Total expenses benefited from negative interest credited due to the fall in value of the options embedded in our liabilities and the gain on mark-to-market value of the options allowance classified in other operating expenses.
Georgette Nicholas, CEO of Midwest noted, "During the first quarter, we took action to position the Company for further growth relating to pricing, products, and investing in technology and foundational capabilities. We saw encouraging trends in premiums written at the end of the first quarter and into the second quarter. We are benefiting from movements in interest rates in our investment portfolio along with the capabilities we have been developing and saw service fee revenue continue to grow. Overall, the first quarter has provided a base for us to continue to expand on."
Ms. Nicholas concluded: "Our opportunities are substantial to build on the value of our platform. The focus of the team continues to be on the key drivers of growth and profitability: Deepening distribution relationships, state expansion to achieve sales growth, reinsurance, investment management, and operational readiness and efficiency. With these five keys to our strategy, we will deliver on our commitment to shareholders to produce strong growth paired with a high return on capital."
Q1 2022 versus Q1 2021 on a GAAP basis
Midwest reported GAAP net income of $187,000 in the first quarter of 2022 compared to a $(1.6) million GAAP net loss incurred in the first quarter of 2021. On a diluted, per-share basis, this year's quarterly net income was 5 cents compared with the (43)-cent per-share loss reported in the first quarter of 2021.
Investment income in 2022's first quarter was $6.2 million compared with $2.9 million in the prior- year's quarter. Driving the change was an increase in invested assets and from performance on those assets benefiting from core capabilities developed on sourcing assets with higher yield generating approximately a 5.5% return on the investment portfolio.
Amortization of deferred gain on reinsurance reached $970,000 in first quarter of 2022 compared with $461,000 in the first quarter of 2021 primarily due to growth in the deferred gain on co-insurance on our balance sheet, which reflects ceding commissions received on reinsurance of business to third parties.
Service fee revenue rose to $1.1 million versus $438,000 in the year-earlier March quarter. Service fee revenue consists of fee revenue generated for our asset-management services provided to third-party clients. Assets under management for third parties was $455.4 million at March 31, 2022.
Other revenue finished at $448,000 compared with $249,000 in the prior-year quarter. Other revenue consists primarily of revenue we generate by providing ancillary services, such as policy administration, to third parties and policy surrender charges.
Our total expenses on a GAAP basis were a negative $3.3 million versus a negative $445,000 in the prior- year's quarter. Total expenses were helped by negative interest credited due to the decrease in value of the options embedded in our liabilities of $2.0 million and an increase in mark-to-market value of our options allowance of $6.4 million. Salaries and benefits were $4.3 million in Q1 2022 compared to $2.9 million in Q1 2021 as we added personnel, built processes, and worked on technology initiatives.
Guidance
We continue to see intense competition in the annuity market through aggressive pricing. We have taken actions to maintain a competitive position and have seen positive results from these actions and improved sales momentum into the second quarter.
State expansion efforts remains a key priority. We have active applications in process and anticipate additional filings this quarter and expect to have more to say on this later in the year.
Given these dynamics, we are affirming our guidance for 2022 based on our current view of our business and the annuity sales market. Anticipated premiums written are expected to be in the range of $500 million to $600 million (SAP), influenced by state expansion, independent marketing organization ("IMO") expansion reallocated personnel and other initiatives. We continue to expect the mix in product sales to be consistent with that of 2021.
The goal is to cede, on average, approximately 70-90% of our premium in the year to generate ceded commission fees and manage capital. Demand from our reinsurance partners is strong and we have capacity in place to cover anticipated written premium through existing reinsurers that have the potential to grow along with additional potential reinsurance transactions in the pipeline.
We are working to bring general and administrative expenses on a management basis, a non-GAAP measure, to be approximately $27 to 28 million for the full year 2022.
Finance Team Update
The Company also announced today that it has transitions on its finance team. Daniel S. Maloney will be joining as the Executive Vice President of Accounting and Finance on May 23, 2022. Mr. Maloney is a Certified Public Accountant with more than 30 years of experience in the insurance industry at companies including Players Health, Horace Mann, American Fidelity, and AIG. He has a background in public accounting. He has worked in various finance roles related to SEC reporting, statutory reporting, and controllership. Eric N. Berg will be stepping down as Senior Vice President and Chief Financial Officer, effective May 16, 2022. Mr. Berg's departure is not related to any disagreement relating to the Company's accounting, strategy, management, operations, policies, regulatory matters, or practices (financial or otherwise).
Ms. Nicholas will serve as both the CEO and the Chief Financial Officer in the interim. The Company will initiate a search to find its next Chief Financial Officer and will consider internal and external candidates in due course.
Q1 2022 Key Performance Indicators and Non-GAAP Financial Measures
In addition to GAAP measures, Midwest's management utilizes a series of key performance indicators (KPIs) and non-GAAP measures to, among other things:
1) monitor and evaluate the performance of our business operations and financial performance;
2) facilitate internal comparisons of the historical operating performance of our business operations;
3) review and assess the operating performance of our management team;
4) analyze and evaluate financial and strategic planning decisions regarding future operations;
5) plan for and prepare future annual operating budgets and determine appropriate levels of operating investments; and
6) facilitate comparison of results between periods and to better understand the underlying historical trends in our business and prospects.
These non-GAAP measures are not a substitute for GAAP measures; however, management believes that when used in conjunction with the GAAP measures, the non-GAAP measures can contribute to investors' understanding of our business. Non-GAAP financial measures used by us may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. These non-GAAP financial measures should be considered along with, but not as alternatives to, our operating performance measures as prescribed by GAAP.
Annuity Premiums (a KPI)
For the first quarter of 2022, annuity direct written premiums were $98.1 million compared with $123.7 million in the first quarter of 2021 reflecting competitive annuity sales environment. Ceded premiums were $40.1 in 2022's first quarter compared with $47.5 million in the first quarter of 2021. Of the first quarter 2022 sales of $98.1 million, approximately 26 % was in the MYGA category and the remaining 74 % consisted of sales of FIAs.
Fees Received for Reinsurance (a KPI)
We use this non-GAAP figure to measure our efforts to secure third-party capital to back our reinsurance programs. Fees Received for Reinsurance sums two components: Amortization of deferred gain on reinsurance, which is a line item in our Consolidated Statements of Comprehensive Income (Loss), and deferred coinsurance ceding commission, which is a line item in our Consolidated Statements of Cash Flows.
For the first quarter of 2022, fees received for reinsurance totaled $2.4 million compared with $2.9 million in the first quarter of 2021.
General and Administrative Expenses (a non-GAAP measure)
We monitor this figure to track our overhead. It includes salary and benefits and other operating expenses; however, it excludes non-cash stock-based compensation and the non-cash mark-to-market-adjustment of our option budget allowance.
G&A expense in the March 2022 quarter was $8.9 million compared with $5.3 million in the prior year's March quarter. The increase was to support the potential growth in the business and reflected costs incurred to attract talent, for legal and consulting to support transactions, investment structures, state expansion efforts, and technology initiatives.
Management Expenses (a non-GAAP measure)
We use this metric to monitor the expenses of our business on a cash basis. Importantly, we exclude from the calculation of management expenses the index interest credited related to our FIAs because this expense is hedged. Instead, we add back to Management Expenses the period's amortization of options previously purchased to provide this hedge. We view this amortized cost as our true cost of funds. Management Expenses also excludes the mark-to-market adjustment of our option budget allowance. Management Expenses and non-cash stock-based compensation.
For the three months ended March 31, 2022, the sum of salaries and benefits and other operating expenses totaled $2.5 million compared to $1.4 million for the three months ended March 31, 2021. For the three months ended March 31, 2022, as disclosed above, included in these expenses is mainly salaries, benefits and other operating expenses, along with $6.4 million of non-cash mark-to-market option allowance of our derivative option allowance, which we exclude in our management G&A.
SPECIAL CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements contained or incorporated by reference in this release constitute forward-looking statements. These statements are based on management's expectations, estimates, projections and assumptions. In some cases, you can identify forward-looking statements by terminology including "could," "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "intend," or "continue," the negative of these terms, or other comparable terminology used in connection with any discussion of future operating results or financial performance. These statements are only predictions and reflect our management's good faith present expectation of future events and are subject to a number of important factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements.
Factors that may cause our actual results to differ materially from those contemplated or projected, forecast, estimated or budgeted in such forward-looking statements include among others, the following possibilities:
- intense competition, including the intensification of price competition, competitive pressures from established insurers with greater financial resources, the entry of new competitors, and the introduction of new products by new and existing competitors;
- our business plan, particularly including our reinsurance strategy, may not prove to be successful;
- our reliance on third-party insurance marketing organizations to market and sell our annuity insurance products through a network of independent agents;
- adverse changes in our ratings obtained from independent rating agencies;
- failure to maintain adequate reinsurance;
- our inability to expand our insurance operations outside the 21 states and District of Columbia in which we are currently licensed;
- our annuity insurance products may not achieve significant market acceptance;
- we may continue to experience operating losses in the foreseeable future;
- the possible loss or retirement of one or more of our key executive personnel;
- adverse state and federal legislation or regulation, including decreases in rates, limitations on premium levels, increases in minimum capital and reserve requirements, benefit mandates and tax treatment of insurance products;
- fluctuations in interest rates causing a reduction of investment income or increase in interest expense and in the market value of interest-rate sensitive investment;
- failure to obtain new customers, retain existing customers, or reductions in policies in force by existing customers;
- higher service, administrative, or general expense due to the need for additional advertising, marketing, administrative or management information systems expenditures;
- changes in our liquidity due to changes in asset and liability matching;
- possible claims relating to sales practices for insurance products; and
- lawsuits in the ordinary course of business.
Earnings Teleconference information and Details
Midwest Holding has announced plans to host a conference call to discuss financial and operating results for the first quarter of 2022 on May 17, 2022 at 8:30 a.m. Eastern Time. The Company also posted those results on the investor relations section of its website at https://ir.midwestholding.com after the close of the financial markets on May 16, 2022.
To register for this conference call, please go to this link https://www.incommglobalevents.com/registration/q4inc/10823/midwest-holding-inc-q12022/.
Registrants will receive confirmation with dial-in details.
The call may also be accessed via webcast, using this link https://events.q4inc.com/attendee/588008611.
A replay of the webcast will be made available after the call on the Investor Relations page of the Company's website at https://ir.midwestholding.com
About Midwest Holding Inc.
Midwest Holding Inc. is a growing, technology-enabled, services-oriented annuity platform. Midwest designs and develops annuity products that are distributed through independent distribution channels, to a large and growing demographic of U.S. retirees. Midwest originates, manages and typically transfers these annuities through reinsurance arrangements to asset managers and other third-party investors. Midwest also provides the operational and regulatory infrastructure and expertise to enable asset managers and third-party investors to form and manage their own reinsurance capital vehicles.
For more information, please visit www.midwestholding.com
Investor contact: ir@midwestholding.com
Media inquiries: press@midwestholding.com
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SOURCE Midwest Holding Inc. | https://www.wibw.com/prnewswire/2022/05/16/midwest-holding-inc-reports-first-quarter-2022-results/ | 2022-05-16T20:53:00Z |
Don't miss your chance to join the Club on June 10th!
PHOENIX, May 20, 2022 /PRNewswire/ -- The Club Fomo team is excited to announce that the first-ever real-world NFT club has come to life this week with the grand opening of the Club's first location! The Club FOMO team wanted to share this accolade with loved ones, community members, and friends alike at the first in-person event held Wednesday May 18th!
Many well-known guests were in attendance, including Cordell Broadus, Shiv Jain, and CryptoWendyO, and have already taken an early interest in Club Fomo and its future in the Web3 space.
International press also attended the heavily anticipated opening to be of the first to experience Club FOMO. The Club FOMO team spoke with reporters on their plans to expand to exclusive locations in Miami and Dubai by 2023.
Club Fomo has made it a point to shed light on NFT artists, displaying the collections of Bored Ape Yacht Club, OnChainMonkey, and other coveted NFTs owned by Founder George Gebran and team. The Phoenix space was designed by internationally renowned physical and NFT artist, Robbi Firestone, who is also Club FOMOs very own Creative Director. So far, this project has proven to be a huge success and is raising up the Phoenix art scene to bring prosperity to the beloved neighborhood.
As a private club and event space, Club FOMO revolves around an exceptional, international community of Web3-curious creators, collectors, and beyond. The renovated building will host monthly gatherings for international and local VIPs, artists, influencers, the public, and community members to purchase NFTs, seek education, and share their NFT projects and artwork. In addition, a Virtual Club FOMO will be opening in the metaverse soon!
Limited public access will be granted for Club FOMO events, so don't miss joining this highly anticipated social club.
Public mint of Street of Dreams NFTs will be live June 10th and supply will be extremely limited, so join Club FOMO's Discord and Twitter for the latest updates on mint day and more!
About Club FOMO
Like the vision of a Phoenix rising from the ashes, a new next-gen Web3 concept is emerging – Club FOMO. In an industrial-residential area east of downtown Phoenix, a historical building has been reborn as Club FOMO. Club FOMO welcomes MVP athletes, VCs, Hollywood A-listers, Grammy winners, comedians, performers, poet laureates, and other artists in a unique, exciting setting that fosters the creation, display, and sale of NFTs.
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SOURCE Club FOMO | https://www.kxii.com/prnewswire/2022/05/20/phoenix-is-now-home-worlds-first-exclusive-nft-social-club-club-fomo/ | 2022-05-20T20:37:41Z |
SANTA ANA, Calif. (AP) — The man accused of opening fire on a Southern California church congregation because of his political hatred for Taiwan dubbed himself a “destroying angel” in a seven-volume diary sent to a newspaper before the attack, the paper said Wednesday.
David Chou, 68, spent $16.10 to mail seven thick photocopied volumes of handwritten Chinese text and a flash drive to the World Journal office in the Los Angeles suburb of Monterey Park, according to photos published in the Chinese-language paper.
The pages bore the title: “Diary of an Angel Destroying Independence” in an apparent reference to Taiwan’s self-government. The Chinese Communist Party continues to demand Taiwan reunify with China.
The diary pages were received Monday, one day after Chou allegedly opened fire at a lunch gathering of elderly parishioners at Irvine Taiwanese Presbyterian Church in the community of Laguna Woods.
The newspaper didn’t report the contents of the diaries and nobody there apparently read through them before sending them to the police through the paper’s attorney, said an employee who declined to be named because they weren’t authorized to speak openly.
Investigators were aware of the reports that the journals were sent to the newspaper, according to Orange County sheriff’s spokesperson Carrie Braun. She did not know if the sheriff’s department or FBI had taken possession of them as of Wednesday afternoon.
Chou could face life in prison or the death penalty if convicted of murder and attempted murder. He has not yet entered a plea and remained jailed without bail in Orange County pending a June 10 arraignment.
County District Attorney Todd Spitzer has said Chou was motivated by hatred for Taiwan, where he was born after his family was forced from mainland China when Communists prevailed in a civil war that ended in 1949. He apparently chose the church at random and didn’t know anyone there before he drove to California from Las Vegas on Saturday, authorities said.
Authorities have said Chou sat through a church service before attending the luncheon in honor of a former pastor, where he mingled with the parishioners for about 40 minutes before chaining and nailing shut exit doors and opening fire.
When the gunfire erupted, Dr. John Cheng, 52, charged Chou and was shot but authorities said he disrupted the attack and may have saved dozens of lives.
The former pastor, Billy Chang, then picked up a chair and threw it at Chou, who fell on the floor. Chang said he rushed at Chou and several congregation members held Chou down and tied him up.
Chou was armed with two legally purchased 9 mm handguns and concealed bags holding ammunition and four Molotov cocktail-style devices in the church hall where the luncheon was being held, authorities said.
The wounded ranged in age from 66 to 92 and were expected to survive.
The shooting shook Southern California’s Taiwanese community.
“I am starting to worry about our people,” Dr. Simon Lin, a leader at the Taiwan Center Foundation of Los Angeles, said at a news conference. “The Taiwan Center is very friendly. It’s open to the public. We never check your background.”
The small community center lacks the budget to hire full-time security, he added.
Louis M. Huang, director general of the Taipei Economic and Cultural Office in Los Angeles, said he has confidence in U.S. law enforcement to carry out the investigation and that justice would be served.
He called on Taiwanese Americans to respect differences in opinion but said no one has a right to infringe on other people’s rights or to take someone’s life.
He urged community members to report to the police if they see something that concerns them.
“Don’t keep silent,” he said.
___
Associated Press journalists John Antczak in Los Angeles and Ken Ritter in Las Vegas contributed to this report. | https://cw33.com/news/u-s-news/ap-u-s-headlines/alleged-gunman-sent-diary-to-newspaper-before-church-attack/ | 2022-05-19T08:49:57Z |
Seven-time Formula 1 champion Lewis Hamilton is now part owner of the National Football League’s Denver Broncos, the team announced Tuesday.
Hamilton joins a new contingent of owners that also includes former Secretary of State Condoleezza Rice, Reuters reported Tuesday. This follows a June agreement between the Broncos and the Walton-Penner family, led by Walmart heir Rob Walton, for the purchase of the team reportedly worth $4.65 billion—a record for an American sports franchise.
“We’re delighted to welcome seven-time Formula 1 world champion Sir Lewis Hamilton to our ownership group,” Walton said in a statement announcing the addition of the motorsports star, who was knighted last year. “He is a champion competitor who knows what it takes to lead a winning team and a fierce advocate for global equality, including in his own sport.”
“We’re delighted to welcome Seven-Time Formula One World Champion Sir @LewisHamilton to our ownership group. He is a champion competitor who knows what it takes to lead a winning team.”
Statement from Rob Walton on behalf of the Walton-Penner Family Ownership Group: pic.twitter.com/kl2z04lKyk
— Denver Broncos (@Broncos) August 2, 2022
F1’s only Black driver, Hamilton in 2020 set up the Hamilton Commission to promote diversity in motorsports. He’s also made several statements of solidarity with protests for racial justice in recent years, wearing shirts with the slogans “Black Lives Matter” and “Arrest The Cops Who Killed Breonna Taylor” at races.
The Broncos are three-time Super Bowl champions. Hamilton’s seven F1 driver’s titles, including six with Mercedes-AMG and one with McLaren, tie the record set by Michael Schumacher. It’s unlikely that he’ll break the record this season, due to a sharp drop-off in performance by Mercedes.
While this is Hamilton’s first venture into American sports, it isn’t his first experience of team ownership. The British driver also owns the X44 team that competes in the all-electric Extreme E off-road racing series.
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- Harry Truman’s 1955 Chrysler New Yorker is for sale | https://cw33.com/automotive/internet-brands/lewis-hamilton-is-now-part-owner-of-the-denver-broncos/ | 2022-08-04T21:54:07Z |
Requests Standardization Apply Equally to All to Avoid Misinforming Investors and to Improve Accuracy and Transparency
PITTSBURGH, June 16, 2022 /PRNewswire/ -- In a letter to the U.S. Securities and Exchange Commission (SEC), CNX Resources Corporation (NYSE: CNX) offers insights to the agency on behalf of the company's stakeholders.
As a leader in corporate responsibility – focused on delivering tangible, impactful, and local benefits to the company's stakeholders – CNX comments on the proposed rule's practical application as it relates to accurate, transparent, and consistent measures as well as potential unintended consequences that could negatively impact confidence in the capital markets. The company's written response reflects the following three themes to ensure the proposal is consistent with the Commission's mission in providing standardized, transparent disclosures to investors:
"First, the proposed climate rules create inconsistent and highly subjective standards for reporting Scopes 1, 2, and 3 carbon dioxide emissions across different industries and companies. This in turn may create confusion and misinformation when investors assume the emissions data reported by each registrant were developed from the same methodology, scope, and assumptions. Although CNX fully supports the SEC's important mission and places the highest priority on regulatory compliance, the draft rule represents a departure from the Commission's goal of promoting fair, transparent, and well-understood accounting principles that ensure comparable and decision-useful outcomes," said Alan Shepard, CNX Chief Financial Officer.
CNX Chief Excellence Office Yemi Akinkugbe commented, "Second, the proposed climate rules are attempting to morph an ambiguous voluntary reporting framework into an involuntary compliance framework without first addressing the necessary standardization to ensure a consistent, accurate, and transparent level playing field across public companies and the capital markets. Capital could end up being mis-allocated as a result. Although CNX recently established a Regulatory Reporting Group and has committed to reporting emissions data on a quarterly basis, not everyone is as far along in this process. Appropriate standardization of climate-related disclosures should be in place to ensure capital allocation decisions are made with accurate, transparent, and consistent data when it comes to cumulative lifecycle emissions."
"Third and last, getting this issue right requires rules that are accurate, transparent, and consistent across industries and companies. The CNX New Technologies effort is focused on how best to utilize existing company assets and proprietary technology to drive results in methane abatement and other similar carbon capture opportunities. The domestic natural gas industry, the Appalachian basin, and CNX in particular, are strategically positioned to provide solutions and economically benefit in a lower carbon macro environment if these proposed rules are applied uniformly," concluded CNX President of New Technologies Ravi Srivastava.
To view the Company's full comment letter, please click here.
About CNX Resources
CNX Resources Corporation (NYSE: CNX) is unique. We are a premier natural gas development, production, midstream, and technology company centered in Appalachia, one of the most energy abundant regions in the world.
With the benefit of a 158-year regional legacy, substantial asset base, leading core operational competencies, technology development and innovation, and astute capital allocation methodologies, we responsibly develop our resources and deploy free cash flow to create long-term per share value for our shareholders, employees, and the communities where we operate. As of December 31, 2021, CNX had 9.63 trillion cubic feet equivalent of proved natural gas reserves. The company is a member of the Standard & Poor's Midcap 400 Index. Additional information is available at www.cnx.com.
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SOURCE CNX Resources Corporation | https://www.mysuncoast.com/prnewswire/2022/06/16/cnx-submits-comment-letter-sec-proposed-climate-rules/ | 2022-06-16T21:48:12Z |
Biden says he’s deciding on whether to send a senior administration official to Ukraine
By Kevin Liptak, CNN
President Joe Biden said Thursday he was still working with his team to determine whether he should dispatch a senior member of his administration to Ukraine, a potentially dramatic show of support for the nation as it comes under attack from Russia.
“We’re making that decision now,” Biden said when asked whether he would send a senior official to Ukraine. Asked who he would send, Biden turned back to a reporter and said, “You ready to go?”
Since Russian forces withdrew from the region surrounding Kyiv, a number of Western leaders have made their way to the Ukrainian capital to demonstrate support.
US officials have held preliminary discussions about sending a high-ranking member of the administration to Ukraine, according to a source familiar with the talks.
While Biden and Vice President Kamala Harris are unlikely to visit Kyiv themselves anytime soon, officials have discussed sending Defense Secretary Lloyd Austin or Secretary of State Antony Blinken.
Still, sources said a decision is far from finalized and the visit could ultimately not materialize.
British Prime Minister Boris Johnson made a surprise visit to Kyiv last weekend. US officials said afterward that Biden was not currently planning a trip of his own.
“We’re not currently planning a trip by the President of the United States to Ukraine,” press secretary Jen Psaki said on Monday. She said more important that a presidential visit was a continued supply of weapons and support.
“What is most important to the Ukrainian leadership is that we are expediting weapons and getting them the assistance and security systems they need and that is what our focus is on,” she said.
In a telephone call with Ukrainian President Volodymyr Zelensky on Wednesday, Biden informed his counterpart of a new $800 million security assistance package, including 11 Mi-17 helicopters, 300 Switchblade drones, 18 Howitzers and protective equipment to guard against chemical attacks.
During a last-minute visit to Poland last month, Biden told aid workers he would have liked to visit Ukraine to see the situation at close range.
“They will not let me, understandably, I guess, cross the border and take a look at what’s going on in Ukraine,” Biden said. The White House had said before the trip they had not explored any visit to Ukraine.
Speaking Thursday, national security adviser Jake Sullivan said Biden “would love the opportunity to go to Ukraine to show solidarity with the Ukrainians,” and that the possibility was discussed before Biden’s trip to Warsaw last month.
The discussions included what kind of footprint it would require to ensure the President’s safety, Sullivan said. But it was “not under any serious planning,” he added, and he declined to comment further on reports that a senior US official might visit Kyiv in the near future.
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™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
CNN’s Kaitlan Collins, Natasha Bertrand and Betsy Klein contributed to this report | https://localnews8.com/politics/cnn-us-politics/2022/04/14/biden-says-hes-deciding-on-whether-to-send-a-senior-administration-official-to-ukraine-2/ | 2022-04-14T17:25:46Z |
Supporting national partners – At Home, Carrier Global Corporation, Rocket Mortgage, and U.S. Bank Foundation – join to help raise awareness and support
ATLANTA, April 4, 2022 /PRNewswire/ -- In March 2020, home took on a new and powerful meaning. It became the first line of defense against disease, our refuge and haven, and the place where people found hope during times of uncertainty. As the world contends with year three of the pandemic, rising inflation, and economic volatility, access to safe, stable, and affordable housing continues to play a critical role in the lives of millions of families around the world.
Today, Habitat for Humanity kicks off its sixth annual Home is the Key campaign to increase awareness around the need for affordable housing and raise funds to help families achieve stability through shelter. Four partners – At Home: The Home Décor Superstore, Carrier Global Corporation, Rocket Mortgage, and U.S. Bank Foundation – are joining the campaign to support Habitat's mission of building homes, community and hope in the U.S. and around the world.
"Home is the key to better opportunities, stability, greater financial freedom, and more secure futures. Through this campaign, we hope to inspire individuals of all ages and diverse backgrounds to join us in our efforts to create a world where everyone has equitable access to a safe and affordable place to call home," said Jonathan Reckford, CEO of Habitat for Humanity International. "We are so grateful for the generous support from our partners and their dedication to advancing Habitat's mission."
Throughout the month of April, the four partner companies are making direct financial contributions to Habitat as well as informing their customers and employees about the importance of affordable homeownership. HGTV and iHeart Media are partnering with Habitat to amplify key messages through social media, digital, print and radio. Local Habitat for Humanity organizations across the country will also hold key dedication ceremonies in conjunction with Home is the Key to celebrate the new homeowners' achievement and thank the partner companies for their support.
People can support the campaign by donating online and by purchasing select products that send a portion of the proceeds back to Habitat. Habitat also encourages using #HomeIsTheKey on social media and visiting habitat.org/homeisthekey to learn more.
Driven by the vision that everyone needs a decent place to live, Habitat for Humanity found its earliest inspirations as a grassroots movement on an interracial community farm in south Georgia. Since its founding in 1976, the Christian housing organization has grown to become a leading global nonprofit working in local communities across all 50 states in the U.S. and in more than 70 countries. Families and individuals in need of a hand up partner with Habitat for Humanity to build or improve a place they can call home. Habitat homeowners help build their own homes alongside volunteers and pay an affordable mortgage. Through financial support, volunteering or adding a voice to support affordable housing, everyone can help families achieve the strength, stability and self-reliance they need to build better lives for themselves. Through shelter, we empower. To learn more, visit habitat.org.
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SOURCE Habitat for Humanity International | https://www.wibw.com/prnewswire/2022/04/04/habitat-humanity-kicks-off-sixth-annual-home-is-key-campaign-drive-awareness-around-growing-need-affordable-housing/ | 2022-04-04T15:31:14Z |
Intruder caught on camera standing over sleeping couple
SAN BERNARDINO, Calif. (KCAL) - An alleged burglar was caught on camera standing over a couple as they slept in San Bernardino, California.
Video of the person shows how he stood inches from the bed where the victims were sleeping in their apartment.
The victims, Rachel Sandoval and her husband Kevin Sandoval, said they had no idea he was there.
“I play the footage and I’m like, instantly, everything was just like, ‘Oh my God.’ What could have happened? Anything could have happened. We don’t know,” Rachel Sandoval said.
What’s even more disturbing is what the suspect said to a nurse, who cares for the couple’s son, Ryder. She encountered him in the living room early that morning.
The Sandovals said the man appeared out of nowhere.
“She told me that he said you should lock your doors. It’s not safe around here,” Kevin Sandoval said.
In the footage, the couple saw the suspect next to their dresser, where Rachel Sandoval kept her wedding rings and other jewelry. The family also kept $4,000 in a drawer that they needed to pay back rent. It is now gone.
The frightening break-in happened at the end of February, and police are circulating the footage in case it had happened to others.
The suspect was recently arrested but is not being identified.
The brazen nature of his crime is what concerns detectives.
“When he gained entry and found out that there were occupants of the residence, the fact that he didn’t flee at that time is surprising and shocking,” Sgt. Equino Thomas with the San Bernadino police said.
Kevin Sandoval has five different video clips of the suspect and estimates he was inside for about 10 minutes.
The alleged burglar got in by removing a portable air conditioning unit from one of the windows of their home.
“I get it. You want to break into somebody’s house you need money for whatever,” Rachel Sandoval. “But why are you standing there staring at us, what?”
Copyright 2022 KCAL via CNN Newsource. All rights reserved. | https://www.wibw.com/2022/04/29/intruder-caught-camera-standing-over-sleeping-couple/ | 2022-04-29T16:03:11Z |
SINGAPORE, June 29, 2022 /PRNewswire/ -- Today Binance Pool, the comprehensive cryptocurrency mining platform of Binance, announced its partnership with UltimusPool, a full-featured mining pool solution designed to provide easy-to-use, reliable, greener, and compliant services for global professional cryptocurrency miners.
As a technical services provider for Binance Pool, UltimusPool will provide a convenient pool servicing platform that is attractive for miners and will give users access to reasonable mining rewards and daily payouts.
Denny Wu, Director of Binance Pool, said, "UltimusPool team consists of industry experts with deep understanding and experience in the pool industry. Rather than competing with the players in the industry, the UltimusPool team focuses on building a better product and we are excited to collaborate with the industry's future leader."
Sofia Li, CEO of UltimusPool, said, "To fulfill our long-term goal of making mining accessible to everyone and providing users with a seamless mining experience, UltimusPool will keep expanding the tech team to focus on building the product. Furthermore, we would like to bring the greener Bitcoin future to the world."
In aiming for a green mining future, UltimusPool offers pool fee discounts and other incentives for miners who use renewable energy sources or try to lower their carbon footprint. As part of an ongoing commitment to reducing the environmental impact of the pool industry, UltimusPool as also partnered with CCA and the Energy Web Blockchain.
UltimusPool has native functionality for in-demand features, including user-created external wallets, sub-account and main account features, and easy pool fee adjustments. It has launched a BTC mining pool and plans to release the following pools of cryptocurrencies BCH, ETH, LTC, ETC, DOGE, and many more.
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SOURCE Binance | https://www.kxii.com/prnewswire/2022/06/29/binance-pool-announces-partnership-with-ultimuspool/ | 2022-06-29T10:46:22Z |
NEW YORK, June 22, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of IonQ, Inc..
Shareholders who purchased shares of IONQ 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:
CLASS PERIOD: March 30, 2021 to May 2, 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) IonQ had not yet developed a 32-qubit quantum computer; (2) the Company's 11-qubit quantum computer suffered from significant error rates, rendering it useless; (3) IonQ's quantum the computer is not sufficiently reliable, so it is not accessible despite being available through major cloud providers; (4) a significant portion of IonQ's revenue was derived from improper roundtripping transactions with related parties; and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were the materially misleading and/or lacked a reasonable basis.
DEADLINE: August 1, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/ionq-inc-loss-submission-form/?id=28878&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of IONQ 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 August 1, 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/2022/06/22/shareholder-alert-gross-law-firm-notifies-shareholders-ionq-inc-class-action-lawsuit-lead-plaintiff-deadline-august-1-2022-nyse-ionq/ | 2022-06-22T10:50:05Z |
Democrats want to boost Biden Ukraine aid plan to near $40B
WASHINGTON (AP) — Congressional Democrats are preparing a plan that would boost President Joe Biden’s requested $33 billion Ukraine aid package to nearly $40 billion, and a House vote is possible as soon as Tuesday, two people familiar with lawmakers’ thinking said.
In what would be a setback for Biden’s push for more COVID-19 spending, the measure would not include any of the additional billions in pandemic spending that the president has wanted included in the plan.
The measure was described Monday by people who could speak only on condition of anonymity because they were not authorized to discuss it publicly.
Democrats’ movement on the proposal comes with Russia’s invasion of Ukraine in its 11th week and showing signs of becoming a grinding, long-term war. Heavy fighting in Ukraine’s eastern and southern areas is causing widespread damage and significant losses on both sides, but the Russian offensive is showing few signs of progress.
Still, U.S. officials in and out of Congress have stressed that it will be critical to continue speeding assistance to Ukraine, whose forces are outnumbered.
While Democrats say more spending to combat COVID-19 is also crucial, their plan to seek votes on a package omitting those funds underscores their thinking that rushing assistance to Ukraine is their top priority. A push for a separate pandemic measure would come later, Democrats say.
The officials said Democrats’ Ukraine measure would include $3.4 billion more than Biden had requested for defense spending and another $3.4 billion over what the president sought for humanitarian aid.
Biden’s request, which he sent Congress on April 28, asked for $20 billion for defense spending for Ukraine, the U.S. and their allies. It also requested $3 billion for humanitarian assistance, including to help feed people around the world who rely on grains and other food from war-racked Ukraine.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/05/09/democrats-want-boost-biden-ukraine-aid-plan-near-40b/ | 2022-05-09T20:16:46Z |
VANCOUVER, BC, Aug. 25, 2022 /PRNewswire/ - Galiano Gold Inc. ("Galiano" or the "Company") (TSX: GAU) (NYSE American: GAU) is pleased to provide an update of drilling results at Nkran following the completion of an infill drilling program at the Asanko Gold Mine ("AGM"), located in Ghana. The AGM is a 50:50 joint venture ("JV") with Gold Fields Ltd (JSE, NYSE: GFI), with the JV managed and operated by Galiano.
Effective February 28, 2022, Nkran has a Mineral Resource Estimate of 12.1 Mt at 2.09 g/t for 814 kozs indicated and 1.3 Mt at 2.23 g/t for 96 kozs inferred. The 2022 infill drilling program was designed to enhance confidence in the indicated Mineral Resource and explore for potential extensions of mineralization at Nkran.
Drilling has intercepted several high-grade intervals within and below the resource shell as described in National Instrument 43-101 Technical Report for the Asanko Gold Mine, Ashanti Region, Ghana, effective date February 28, 20221 and confirms continuity of mineralization within areas where higher levels of confidence were warranted. Results are currently being incorporated into an updated Mineral Resource Estimate which is expected to support an updated Mineral Reserve Estimate anticipated in Q1 2023.
Nkran Infill Drilling Highlights
24 diamond drill holes totalling 8,116m have been drilled at Nkran in 2022. Highlighted intercepts include:
- Hole NKDD22-100: 16 meters @ 47.3 g/t gold from 13.6m and 41 meters @ 3.0 g/t gold from 135.4m
- Hole NKDD22-099: 11 meters @ 27.6 g/t gold from 259m
- Hole NKDD22-083: 49 meters @ 3.4 g/t gold from 261.7m and 58.50 meters @ 3.5 g/t gold from 336m
- Hole NKDD22-086: 16 meters @ 5.4 g/t gold from 191m
- Hole NKDD22-080: 45 meters @ 2.3 g/t gold from 107m
- Hole NKDD22-105: 8 meters @ 10.4 g/t gold from 109m
- Hole NKDD22-106: 59 meters @ 2.7 g/t gold from 330m
Nkran Overview (See Table 1 for full drilling results)
The Nkran pit is located immediately adjacent to the 5.8 million tonne per annum processing plant, and has historically yielded the highest average mined grades on the Asankrangwa Belt and contributed significant cash flows to the AGM. During the mining of cut 2, Nkran produced 15.2M tonnes at 1.63 g/t and reported metallurgical recoveries of 94%.
"We are encouraged by these results which demonstrate the continuity of high-grade mineralization below the previously mined portions of the Nkran deposit," said Matt Badylak President and Chief Executive Officer. "This deposit has historically yielded significant cash flows due to its proximity to the processing plant, elevated grade profile and favourable metallurgy. It is important to note that mineralization extends below the current resource shell and remains open at depth. Going forward, we anticipate Nkran to be a key deposit in our upcoming Life of Mine Plan and are excited to incorporate these latest drilling results into an updated Technical Report scheduled for release in Q1 2023."
Nkran Geology and Cross Sections
The Nkran geological setting is typical of the Asankrangwa belt with a sedimentary sequence of interlayered shale, siltstone, and sandstone. Two granitic bodies intrude along shear zones that control mineralization which dips steeply to the northwest along with the sheared host stratigraphy.
Table 1. Intercepts for 2022 Nkran infill drilling 2,3,4
Qualified Person and QA/QC
Chris Pettman P.Geo, Vice President Exploration of Galiano, is a Qualified Person as defined by Canadian NI 43-101 and has supervised the preparation of the scientific and technical information that forms the basis for this news release. Mr. Pettman is responsible for all aspects of the work including the Data Verification and Quality Control/Quality Assurance programs and has verified the data disclosed by reviewing all data and supervising its compilation. There are no known factors that could materially affect the reliability of data collected and verified under his supervision No quality assurance/quality control issues have been identified to date. Mr. Pettman is not independent of Galiano.
Certified Reference Materials and Blanks are inserted by Galiano Gold into the sample stream at the rate of 1:14 samples. Field duplicates are collected at the rate of 1:30 samples. All samples have been analysed by Intertek Minerals Ltd. in Tarkwa, Ghana with standard preparation methods and 50g fire assay with atomic absorption finish. Intertek Minerals Ltd. does their own introduction of QA/QC samples into the sample stream and reports them to Galiano for double checking. Higher grade samples are re-analysed from pulp or reject material or both. Intertek is an international company operating in 100 countries and is independent of Galiano. It provides testing for a wide range of industries including the mining, metals, and oil sectors.
About Galiano Gold Inc.
Galiano's vision is to build a sustainable business capable of long-term value creation for its stakeholders through a combination of exploration, accretive M&A activities and the disciplined deployment of its financial resources. The Company currently operates and manages the Asanko Gold Mine, located in Ghana, West Africa which is jointly owned with Gold Fields Ltd. The Company is strongly committed to the highest standards for environmental management, social responsibility, and health and safety for its employees and neighbouring communities. For more information, please visit www.galianogold.com.
Cautionary Note Regarding Forward-Looking Statements Certain statements and information contained in this news release constitute " forward-looking statements " within the meaning of applicable U.S. securities laws and " forward-looking information " within the meaning of applicable Canadian securities laws, which we refer to collectively as " forward-looking statements ". Forward-looking statements are statements and information regarding possible events, conditions or results of operations that are based upon assumptions about future conditions and courses of action. All statements and information other than statements of historical fact may be forward looking statements. In some cases, forward-looking statements can be identified by the use of words such as " seek ", " expect ", " anticipate ", " budget ", " plan ", " estimate ", " continue ", " forecast ", " intend ", " believe ", " predict ", " potential ", " target ", " may ", " could ", " would ", " might ", " will " and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook.
Forward-looking statements in this news release include, but are not limited to: statements regarding future mining at Nkran including with respect to the nature and extent of possible pit designs and the commencement of mining or further mining; the declaration of an updated Mineral Resource estimate and the timing thereof; the expected results of the exploration program (including its ability to provide the confidence for undertaking a resource estimate and further engineering studies) and the nature and timing of future exploration programs; the ability of future exploration programs to provide the basis for future mineral resources, including the timing for the declaration of such mineral resources; and information regarding planned future exploration, drilling and mining. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited to: the exploration program proceeding as anticipated; the exploration program achieving the targets and milestones included therein in the manner and on the timelines anticipated therein; the nature of drilling and exploration targets conforming to current expectations; the Company's updated mineral resource estimate and life of mine plan proceeding as currently anticipated; mining proceeding as currently anticipated; the Company proceeding with further exploration programs as currently anticipated; that future exploration programs will provide the basis for future mineral resources; that the Joint Venture approves the Company's exploration budget; the ability of the AGM to continue to operate during the COVID-19 pandemic; that gold production and other activities will not be curtailed as a result of the COVID-19 pandemic; that the AGM will be able to continue to ship doré from the AGM site to be refined; that the doré produced by the AGM will continue to be able to be refined at similar rates and costs to the AGM, or at all; that the Company's and the AGM's responses to the COVID-19 pandemic will be effective in continuing its operations in the ordinary course; the accuracy of the estimates and assumptions underlying Mineral Resource and Mineral Reserve estimates and prior exploration results, including future gold prices, cut-off grades and production and processing estimates; the successful completion of development and exploration projects, planned expansions or other projects within the timelines anticipated and at anticipated production levels; that mineral resources can be developed as planned; that the Company's relationship with joint venture partners will continue to be positive and beneficial to the Company; that required financing and permits will be obtained; general economic conditions; that labour disputes or disruptions, flooding, ground instability, geotechnical failure, fire, failure of plant, equipment or processes to operate are as anticipated and other risks of the mining industry will not be encountered; that contracted parties provide goods or services in a timely manner; that there is no material adverse change in the price of gold or other metals; title to mineral properties; costs; the retention of the Company's key personnel; and changes in laws, rules and regulations applicable to Galiano.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those anticipated in such forward-looking statements. The Company believes the expectations reflected in such forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and you are cautioned not to place undue reliance on forward-looking statements contained herein. Some of the risks and other factors which could cause actual results to differ materially from those expressed in the forward-looking statements contained in this news release, include, but are not limited to: that the results of the Company's exploration programs will not conform with the Company's expectations, and will not be sufficient to support mineral resources or mineral reserves at the AGM or be sufficient to include in the Company's updated life of mine plan; the Company's expectations; that the Company may not undertake planned future mining or exploration, or that such future mining or exploration will not be sufficient to support mineral resources or mineral reserves at the AGM; that the JV will approve the Company's proposed exploration and mining programs; the Company's and/or the AGM's operations may be curtailed or halted entirely as a result of the COVID-19 pandemic, whether as a result of governmental or regulatory law or pronouncement, or otherwise; that the doré produced at the AGM may not be able to be refined at expected levels, on expected terms or at all; that the Company and/or the AGM will experience increased operating costs as a result of the COVID-19 pandemic; that the AGM may not be able to source necessary inputs on commercially reasonable terms, or at all; the Company's and the AGM's responses to the COVID-19 pandemic may not be successful in continuing its operations in the ordinary course; AGM has a limited operating history and is subject to risks associated with establishing new mining operations; sustained increases in costs, or decreases in the availability, of commodities consumed or otherwise used by the Company may adversely affect the Company; actual production, costs, returns and other economic and financial performance may vary from the Company's estimates in response to a variety of factors, many of which are not within the Company's control; adverse geotechnical and geological conditions (including geotechnical failures) may result in operating delays and lower throughput or recovery, closures or damage to mine infrastructure; the ability of the Company to treat the number of tonnes planned, recover valuable materials, remove deleterious materials and process ore, concentrate and tailings as planned is dependent on a number of factors and assumptions which may not be present or occur as expected; the Company's operations may encounter delays in or losses of production due to equipment delays or the availability of equipment; the Company's operations are subject to continuously evolving legislation, compliance with which may be difficult, uneconomic or require significant expenditures; the Company may be unsuccessful in attracting and retaining key personnel; labour disruptions could adversely affect the Company's operations; the Company's business is subject to risks associated with operating in a foreign country; risks related to the Company's use of contractors; the hazards and risks normally encountered in the exploration, development and production of gold; the Company's operations are subject to environmental hazards and compliance with applicable environmental laws and regulations; the Company's operations and workforce are exposed to health and safety risks; unexpected costs and delays related to, or the failure of the Company to obtain, necessary permits could impede the Company's operations; the Company's title to exploration, development and mining interests can be uncertain and may be contested; the Company's properties may be subject to claims by various community stakeholders; risks related to limited access to infrastructure and water; the Company's exploration programs may not successfully expand its current mineral reserves or replace them with new reserves; the Company's revenues are dependent on the market prices for gold, which have experienced significant recent fluctuations; the Company may not be able to secure additional financing when needed or on acceptable terms; and the Company's primary asset is held through a joint venture, which exposes the Company to risks inherent to joint ventures, including disagreements with joint venture partners and similar risks.
Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in the forward-looking statements, you are cautioned that this list is not exhaustive and there may be other factors that the Company has not identified. Furthermore, the Company undertakes no obligation to update or revise any forward-looking statements included in, or incorporated by reference in, this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law
Cautionary Note to US Investors Regarding Mineral Reporting Standards:
As a British Columbia corporation and a "reporting issuer" under Canadian securities laws, the Company is required to provide disclosure regarding its mineral properties, including the AGM, in accordance with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. In accordance with NI 43-101, the Company uses the terms mineral reserves and resources as they are defined in accordance with the CIM Definition Standards on mineral reserves and resources (the "CIM Definition Standards") adopted by the Canadian Institute of Mining, Metallurgy and Petroleum. In particular, the terms "mineral reserve", "proven mineral reserve", "probable mineral reserve", "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" used in this press release are Canadian mining terms defined in accordance with CIM Definition Standards. These definitions differ from the definitions in the disclosure requirements promulgated by the SEC. Accordingly, information contained in this press release may not be comparable to similar information made public by U.S. companies reporting pursuant to SEC disclosure requirements.
United States investors are also cautioned that while the SEC will now recognize "measured mineral resources", "indicated mineral resources" and "inferred mineral resources", investors should not assume that any part or all of the mineralization in these categories will ever be converted into a higher category of mineral resources or into mineral reserves. Mineralization described using these terms has a greater amount of uncertainty as to their existence and feasibility than mineralization that has been characterized as reserves. Accordingly, investors are cautioned not to assume that any "measured mineral resources", "indicated mineral resources", or "inferred mineral resources" that the Company reports are or will be economically or legally mineable.
Further, "inferred resources" have a greater amount of uncertainty as to their existence and as to whether they can be mined legally or economically. Therefore, United States investors are also cautioned not to assume that all or any part of the inferred resources exist. In accordance with Canadian rules, estimates of "inferred mineral resources" cannot form the basis of feasibility or other economic studies, except in limited circumstances where permitted under NI 43-101.
Neither Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Galiano Gold Inc. | https://www.wibw.com/prnewswire/2022/08/25/galiano-gold-provides-nkran-drilling-update/ | 2022-08-25T22:28:42Z |
NEW YORK, July 15, 2022 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Waste Management, Inc. (NYSE: WM).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/waste-management-inc-loss-submission-form/?id=29840&from=4
This lawsuit is on behalf of all purchasers of certain Waste Management redeemable senior notes between February 13, 2020 and June 23, 2020.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until August 8, 2022 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to a filed complaint, Waste Management, Inc. issued materially false and/or misleading statements and/or failed to disclose that: (i) the U.S. Department of Justice had indicated to Waste Management that it would require Waste Management to divest significantly more assets than the $200 million indicated in the merger agreement between the Company and Advanced Disposal Services; (ii) as a result, the merger would not be completed by July 14, 2020, the end date under the merger agreement; and (iii) the Waste Management redeemable senior notes would be subject to mandatory redemption at 101% of par.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law | https://www.mysuncoast.com/prnewswire/2022/07/15/wm-shareholder-alert-jakubowitz-law-reminds-waste-management-shareholders-lead-plaintiff-deadline-august-8-2022/ | 2022-07-15T11:35:21Z |
LAKE FOREST, Ill., June 6, 2022 /PRNewswire/ -- RoundTable Healthcare Partners ("RoundTable"), an operating-oriented private equity firm focused exclusively on the healthcare industry, announced today the completion of a majority investment into Polymedco ("Polymedco"). Terms of the transaction were not disclosed.
Polymedco is a leading marketer and distributor of diagnostic tests primarily used for colorectal cancer ("CRC") screening and the diagnosis of cardiac conditions including acute myocardial infarctions. Founded in 1980 and based in Cortlandt Manor, NY, the Company's products are sold to leading distributors, hospital systems, payors, and laboratories across North America.
According to the American Cancer Society, CRC is the second most common cause of cancer deaths in the United States with more than 50,000 deaths annually. The increasing prevalence of colorectal cancer led the U.S. Preventative Services Task Force to recently lower the recommended age for initial CRC screening, including non-invasive fecal immunochemical tests ("FIT"), to 45 years old. Polymedco's OC-AUTO product line enables high-volume FIT screening for hemoglobin in stool for the early detection of blood that may be associated with colorectal cancer.
"We are extremely proud of Polymedco's position as the market leader in FIT screening for colorectal cancer and believe RoundTable is the ideal partner as we transition the business," said Drew Cervasio and Pete Welsh, the co-founders of Polymedco. "The firm's core values align with the culture we have built, and RoundTable's deep operating expertise will help Polymedco continue to drive increased awareness of CRC screening and cardiac testing."
"We are excited to partner with Drew, Pete and the entire Polymedco management team," said Tom Kapfer, Managing Partner of RoundTable and Chairman of Polymedco's board. "Under Drew and Pete's leadership, Polymedco has established an outstanding reputation in supporting clinicians in the diagnosis of a range of serious conditions. The Company is well-positioned as cost-effective diagnostics continue to play an important role in our evolving healthcare system. We look forward to supporting the continued growth of the business."
Polymedco represents RoundTable's sixth equity investment from the firm's $700 million Equity Fund V. Senior debt financing was provided by Capital One, CIBC Bank USA, CIT, Stifel and First Horizon and senior subordinated notes were provided by RoundTable Capital Partners III, RoundTable's captive subordinated debt fund.
Paul Hastings served as legal counsel to RoundTable. Goldman Sachs acted as financial advisor and Mclaughlin & Stern served as legal counsel to Polymedco.
Polymedco, founded in 1980 and based in Cortlandt Manor, NY, is a leading marketer and distributor of diagnostic tests primarily focused on colorectal cancer screening and cardiac conditions including acute myocardial infarctions. The Company's products are sold to leading distributors, hospital systems, payors, and laboratories across the US. Additional detail can be found at www.polymedco.com.
RoundTable Healthcare Partners, based in Lake Forest, IL, is an operating-oriented private equity firm focused exclusively on the healthcare industry. RoundTable partners with companies that can benefit from its extensive industry relationships and proven operating and transaction expertise. RoundTable has established a successful history of working with owner/founders, family companies, management teams, entrepreneurs and corporate partners who share a vision and believe in the value creation potential of its partnership model. RoundTable has raised $4.25 billion in committed capital, including six equity funds totaling $3.65 billion and three subordinated debt funds totaling $600 million. More information about RoundTable Healthcare Partners can be found at www.roundtablehp.com.
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SOURCE RoundTable Healthcare Partners | https://www.kxii.com/prnewswire/2022/06/06/roundtable-healthcare-partners-invests-polymedco-alongside-owner-founders/ | 2022-06-06T18:59:48Z |
NEW YORK, June 28, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Inotiv, Inc. (NASDAQ: NOTV) alleging that the Company violated federal securities laws.
Class Period: September 21, 2021 to June 13, 2022
Lead Plaintiff Deadline: August 22, 2022
No obligation or cost to you.
Learn more about your recoverable losses in NOTV:
https://www.kleinstocklaw.com/pslra-1/inotiv-notv-lawsuit-loss-submission-form?id=29229&from=4
Inotiv, Inc. NEWS - NOTV NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Inotiv, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Inotiv's acquisition, Envigo RMS, LL ("Envigo"), and Inotiv's Cumberland, Virginia facility (the "Cumberland Facility") engaged in widespread and flagrant violations of the Animal Welfare Act ("AWA"); (2) Envigo and Inotiv's Cumberland Facility continuously violated the AWA; (3) Envigo and Inotiv did not properly remedy issues with regards to animal welfare at the Cumberland Facility; (4) as a result, Inotiv was likely to face increased scrutiny and governmental action; (5) Inotiv would imminently shut down two facilities, including the Cumberland Facility; (6) Inotiv did not engage in proper due diligence; and (7) as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Inotiv you have until August 22, 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 Inotiv 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 NOTV lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/inotiv-notv-lawsuit-loss-submission-form?id=29229&from=4.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com
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SOURCE The Klein Law Firm | https://www.wibw.com/prnewswire/2022/06/28/notv-alert-klein-law-firm-announces-lead-plaintiff-deadline-august-22-2022-class-action-filed-behalf-inotiv-inc-shareholders/ | 2022-06-28T11:20:09Z |
California corporate diversity law ruled unconstitutional
By ROBERT JABLON
Associated Press
LOS ANGELES (AP) — A Los Angeles judge has ruled that California’s landmark law mandating that corporate boards have ethnic or LGBT members violates the state Constitution. Friday’s brief ruling granted summary judgment to Judicial Watch, a conservative legal group that sought a permanent injunction against the measure. The lawsuit argued it was illegal to use taxpayer funds to enforce a law that violates the equal protection clause of the California Constitution by mandating a quota based on race, ethnicity, sexual preference, and transgender status. A related lawsuit challenges another state law requiring a woman director on corporate boards. Messages seeking comment from the state weren’t immediately returned. | https://localnews8.com/news/ap-national-business/2022/04/01/california-corporate-diversity-law-ruled-unconstitutional/ | 2022-04-02T05:16:33Z |
Estimates now show that roughly 30% of wild caught adult white seabass may have origins back to the hatchery program. California must act now to make the Carlsbad based white seabass hatchery a priority in light of new study. Full Story Here.
SANTA ANA, Calif., May 27, 2022 /PRNewswire/ -- The new study by the Hubbs SeaWorld Research Institute (HSWRI) and the South Carolina Department of Natural Resources (SCDNR) used a genetic-marker methodology for identifying fish-stocking efforts. When applied to white seabass, this process has convincingly shown that previous estimates of Southern California's Ocean Resources Enhancement and Hatchery Program (OREHP) contribution to the once-depleted white seabass population have been greatly underestimated.
Validation of success for the white seabass hatchery was shared on April 25, 2022, with a press release from HSWRI and the South Carolina Department of Natural Resources (SCDNR). HSWRI is the entity in charge of the hatchery itself. The results show that the hatchery's contribution to wild stock are far different than previously understood. The new analysis based on archived tissue samples show that 30 percent of adults sampled were hatchery fish. This is in sharp contrast to the less than 1 percent previously estimated by the state of California. Additionally, 46 percent of smaller fish caught in the wild sample surveys of fish less than two years old were also hatchery fish.
These results provide critical information for understanding OREHP's success. The California fishing public strongly supports the CDFW hatchery program. In addition to volunteering at local grow-out facilities through conservation groups like CCA California, anglers contribute an estimated $1.7 million to OREHP annually. That work is now being celebrated by the fishing community. WON News highlighted the hatchery success here, as did Sportfishing Magazine in their coverage on Genetics Study Sheds New Light on California's White Seabass Hatchery Program.
"With new genetic information and the 99.99% confidence level that the results are able to distinguish between the hatchery and wild fish, anglers feel vindicated for their long-term support of the seabass hatchery program. Now a wider range of advocates both inside and outside of California government entities should emerge in support of OREHP," says AFTCO Chairman Bill Shedd.
Yet, challenges for the program remain. It's now time for CDFW to better match their priorities with the high priority and focus California anglers have long placed on the hatchery program. For example, the CDFW should reinstate the $434,000 yearly Sport Fish Restoration Account (SFRA) funds they previously removed from OREHP. The list of potential fixes is long and will not take place until there is a newfound commitment to the hatchery. The new genetics study will help drive that commitment. The time is now for California to support the Hatchery program. Learn more about the groundbreaking study and what more is needed to help fish populations thrive in California here
Family owned and operated, the American Fishing Tackle Company (AFTCO) represents unparalleled quality, performance, and reliability when it counts most. Worn across the globe, AFTCO's performance fishing clothing and best fishing rain gear is designed to handle the harshest elements. Our passion for the outdoors goes beyond our product offering because of an unwavering commitment to help protect our fishing resources and angler rights. Through our 10% Pledge to Protect and Conserve, your purchase of any AFTCO product directly supports conservation initiatives.
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SOURCE AFTCO company | https://www.mysuncoast.com/prnewswire/2022/05/27/groundbreaking-genetics-study-proves-california-white-seabass-hatchery-success/ | 2022-05-27T22:49:08Z |
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OSLO, Norway, May 13, 2022 /PRNewswire/ -- Nordic Nanovector ASA (OSE: NANOV) announces its results for the first quarter 2022. A presentation by Nordic Nanovector's senior management team will be held in-person today in Oslo and webcast live beginning at 8:30am CET - details below.
Erik Skullerud, CEO of Nordic Nanovector, said: "The impacts from COVID-19 continued to linger during Q1 and meant the pick-up in recruitment into PARADIGME that we expected has not yet materialised. Nonetheless, we remain highly committed to completing patient recruitment for this important trial and expect to meet our timeline for readout of preliminary data in H2'2022. At the same time, our preparations for filing and commercialisation of Betalutin® are moving forward in advance of our planned BLA filing. New data presented or published in recent months continue to build and support the breadth and depth of our CD-37 focussed pipeline, from which, together with Betalutin®, we believe we can create significant value for shareholders over the longer term."
Operational Highlights
- 108 of a targeted 120 patients have been enrolled into the pivotal PARADIGME Phase 2b trial for Betalutin® as of 12 May 2022 (106 patients enrolled as of 28 February 2022)
- Private placement in January 2022 raised NOK 250 million gross (USD 28.4 million)
- Preclinical data on Alpha37, a novel CD37-targeting alpha-particle emitting radioimmunotherapy, presented at the American Association for Cancer Research (AACR) 2022 Annual Meeting
Post-period events
- Two new publications highlight approaches to improve the potential therapeutic effect of CD37-targeted radioimmunoconjugate Humalutin® in B-cell malignancies, such as NHL
- Board changes
Financial Highlights
(Figures in brackets = same period 2021 unless otherwise stated)
- Revenues for the first quarter 2022 amounted to NOK 0.0 million (NOK 0.0 million)
- Total operating expenses for the first quarter 2022 were NOK 100.3 million (NOK 101.2 million).
- Comprehensive loss for the first quarter 2022 amounted to NOK 105.1 million (loss of NOK 102.1 million).
- Cash and cash equivalents amounted to NOK 356.3 million at the end of March 2022, compared to NOK 277.7 million at the end of December 2021, and NOK 497.9 million at the end of March 2021.
Outlook
Nordic Nanovector remains disciplined in the patient enrolment into PARADIGME and is targeting the readout of preliminary three-month top line data during H2'2022.
The company's current cash position will support its operations into H1'2023 and will enable further preparatory work on the potential Betalutin® BLA filing and planning for commercialisation to be undertaken.
The company believes that, if positive, the PARADIGME trial data could represent a significant value inflection point for the company and its shareholders, confirming Betalutin® as a highly promising new targeted radioimmunotherapy that can address the unmet needs of R/R FL patients.
The company continues to pursue opportunities for the development and expansion of its pipeline based on CD37-targeting immunotherapies, which offer risk diversification and multiple shots on goal.
Presentation and Webcast
A presentation by Nordic Nanovector's senior management team will take place in Oslo today at 8:30am CET at:
Thon Hotel Vika Atrium, Munkedamsveien 45, 0250 Oslo
Meeting Room: Bjørvika
The presentation will webcast live and will be available at www.nordicnanovector.com in the section: Investors & Media.
The results report and the presentation will be available at www.nordicnanovector.com in the section: Investors & Media/Reports and Presentation/Interim Reports/2022.
For further information, please contact:
IR enquiries
Malene Brondberg, CFO
Cell: +44 7561 431 762
Email: ir@nordicnanovector.com
Media Enquiries
Mark Swallow/Frazer Hall (MEDiSTRAVA Consulting)
Tel: +44 203 928 6900
Email: nordicnanovector@medistrava.com
About Nordic Nanovector:
Nordic Nanovector is committed to develop and deliver innovative therapies to patients to address major unmet medical needs. The Company aspires to become a leader in the development of CD37-targeted therapies for haematological cancers and immune diseases. Nordic Nanovector's lead clinical-stage candidate is Betalutin®, a novel CD37-targeting antibody-radionuclide-conjugate designed to advance the treatment of non-Hodgkin's lymphoma (NHL). NHL is an indication with substantial unmet medical need, representing a growing market forecast to be worth nearly USD 27 billion by 2029. Nordic Nanovector retains global marketing rights to Betalutin® and intends to actively participate in the commercialisation of Betalutin® in the US and other major markets.
Further information can be found at www.nordicnanovector.com.
This information is subject to a duty of disclosure pursuant to Sections 4-2 and 5-12 of the Securities Trading Act.
This information was brought to you by Cision http://news.cision.com
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SOURCE Nordic Nanovector | https://www.kxii.com/prnewswire/2022/05/13/nordic-nanovector-asa-results-first-quarter-2022/ | 2022-05-13T06:52:03Z |
GUANGZHOU, China, July 7, 2022 /PRNewswire/ -- Recently, Zhiyi Biotech announced that it has raised $15 million in its B++ funding round. The funds will be used to boost the clinical development of the company's live biotherapeutic products (LBPs) pipelines. It's worth mentioning that Zhiyi has successfully completed a total of $45 Million in B, B+ and B++ funding , with investors including Qingkong SinoKing Capital, SDIC Venture Capital, KIP etc.
Zhiyi is a clinical-stage biotech leading in LBPs in China. It has built up a complete technical and industrial platform, covering from the isolation and identification of new functional strains to the development of innovative LBPs. Notably, the lead drug candidate in Zhiyi's pipelines, SK08, is the first LBP developed on a unique bacterial strain Bacteroides Fragilis, and whose clinical progress is ahead of other LBPs in China. Phase II clinical trial of SK08 carried out in China to treat IBS-D is expected to be completed this year, and phase Ib/II trial of SK08 combined with PD-1 inhibitor for advance solid tumor has been initiated already. Meanwhile, several products are undergoing IND filing to both FDA and NMPA. More programs are expected to enter clinical stage in the foreseeing year.
"We are grateful to have the support and trust from our investors," said Dr. Ye Wang, CEO of Zhiyi Biotech. "The progress in our pipeline is attributed to our team's continuous effort and persistence in R&D. Zhiyi has been always focusing on the unmet medical needs and dedicating to develop accessible drugs to benefit more patients. We are looking forward to strengthening our international collaboration with peer companies, to promote development of the whole LBPs industry."
About Zhiyi Biotech
Zhiyi Biotech, founded in 2013, is located in Guangzhou, China. Its lead candidate SK08 is not only the first new strain-based LBP that entered clinical stage in China, but also the first LBP in oncology that was approved for clinical trial by NMPA. Owning two commercial-scale facilities, Zhiyi has established a complete platform system for strain selection, druggability study, CMC study, commercial production etc.
For more information, please visit https://www.zypharm.com.cn or contact public@zypharm.com.cn
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SOURCE Zhiyi Biotech | https://www.wibw.com/prnewswire/2022/07/07/zhiyi-biotech-raised-45-million-series-b-funding-round-accelerate-clinical-development-lbps-pipelines/ | 2022-07-07T11:03:25Z |
With fraud on the rise, experts suggest freezing your child’s credit
Kids particularly vulnerable to identity theft
InvestigateTV - As fraud numbers continue to increase, identity protection experts are urging parents to freeze their child’s credit to avoid a lifetime of financial headaches.
According to the Federal Trade Commission, identity fraud incidents increased around 45% in 2020, with children frequently the target.
James Lee, the COO for the Identity Theft Resource Center, a nonprofit focused on helping people with identity crimes, said it’s more important than ever for parents to consider freezing their children’s credit because in many cases a child’s social security number is more valuable than the parent’s information.
“Because think of (it) this way, it’s clean, it’s never been used,” Lee said. “So, an identity thief who obtains a child’s information can use it for a decade or more before anybody realizes that there’s something wrong.”
He said often the first time you figure out your child’s social security number is compromised is when they apply for college.
Lee said if the fraud has been going on for decades, it can have lifelong consequences for your child and be very difficult to fix.
To get more info on how to freeze your child’s credit, visit https://www.equifax.com/personal/education/identity-theft/freezing-your-childs-credit-report-faq/
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/07/05/with-fraud-rise-experts-suggest-freezing-your-childs-credit/ | 2022-07-05T20:56:05Z |
Westwood Gardens Dr. Senior Center sees forward motion, finally
A long-discussed senior center—a campaign promise from Jackson City Mayor Scott Conger three years ago—is finally seeing some forward motion after the second tranche of America Rescue Plan funds have been released.
The tranche, which makes up around $6.9 million of the $13 million in total funding, was received by the city in June and has sparked the rollout of numerous projects including the long-anticipated senior citizens recreation center.
“When I ran for office, (the center) was one of the things that people talked about,” Conger said. “There's no activities for youth or seniors around here. In my time at United Way, I got to travel around 14 counties, and I saw senior centers in use—but not one in Jackson.”
The need for a center has been on the city council’s plate for a while, but with “budgetary constraints” and the mayor’s efforts to reduce the city’s debt, there simply wasn’t the funding.
More:Jackson establishes Aging Commission with the long-term goal of a senior center in mind
“We had all the prioritization of what we could spend money on, and I didn't know if within four years we'd be able to build one,” he said. “But we had the Commission on Aging, and I told them ‘Hey, let's find interim plans. No, we can't build one right now, but let’s find something.’”
Then, COVID-19 hit.
“Obviously, senior citizens didn't want to get together then anyway,” Conger said. “But that exacerbated the need for socialization after the pandemic.”
This led to the recently-created exercise program through the Commission on Aging at the Jackson Downtown Lion’s Club, but the need for a more permanent solution was still there.
“Then the American Rescue Plan funds became a reality!” he said. “And so we looked at the categorizations for funding. Whatever could work for a senior citizens center. There is such a need for socialization for some senior citizens, after being by themselves and not seeing anyone.
Multiple factors were considered, including location, accessibility, and activities.
“One in Humboldt has a pool tables, they can play cards, and they have crocheting classes with cool new stuff. And socialization is at the forefront,” he said.
Within the second tranche of $6.9 million in ARPA funding, the senior center is budgeted at $2.5 million—and is going to be setting up shop beside the Westwood Tennis Courts on Westwood Gardens Dr.
“My grandmother serves on Commission on Aging, and she wrote a letter to Jimmy Anderson, who used to own Westwood Gardens property,” Conger said. “And I guess she wrote a very compelling letter, because he agreed to donate some property. After he sold the property, the new owner honored that agreement. So they’re working on the deed now to deed over the property to us—when we get the deed, then we’ll fill out the Request For Proposal for the design build.”
The center will be an open community center for all seniors in the area, with recreational activities much like ones in surrounding areas. No timeline is yet confirmed, but Conger is passionate about the impact this center could bring.
“What about the people who raised us?” he said. “What about the people who invested in our lives? What about the people who are here who—in those conversations—seem to be almost forgotten? We can’t forget about those who made investments in us. And I think this will have a real impact on our senior citizens.”
Have a story to tell? Reach Angele Latham by email at alatham@gannett.com, by phone at 731-343-5212, or follow her on Twitter at @angele_latham. | https://www.jacksonsun.com/story/news/2022/07/18/jackson-tennessee-westwood-gardens-drive-senior-recreation-center-progress/7820040001/ | 2022-07-19T09:17:43Z |
The first Keepsake Ornament event of the year debuts 250 new releases in Hallmark's 2022 collection and celebrates the magic of Christmas in July
KANSAS CITY, Mo., July 8, 2022 /PRNewswire/ -- The countdown to the holiday season is here, and Hallmark is excited to celebrate the magic of Christmas in July during its Keepsake Ornament Premiere, July 9-17. The first Keepsake Ornament event of the year debuts 250 new releases in Hallmark's 2022 collection and gives consumers a chance to celebrate traditions and share meaningful moments as they browse the all-new line of specialty ornaments.
New releases from the 2022 collection include fan favorites from movies and TV like E.T. and Star WarsTM, along with new series ornaments and more than 50 continuing series products. From ornaments that capture the passions and personalities of loved ones, to personalized ornaments that commemorate life's special occasions, Hallmark's Keepsake Ornaments offer something for everyone.
"The Keepsake Ornament line debuted nearly 50 years ago, and Hallmark is proud to continue offering unique, specialty ornaments that spark connection and celebrate togetherness," said Nicole Reid, vice president of ornaments, gifts and specialty retail at Hallmark. "From celebrating longstanding traditions to helping families create new ones, Keepsake Ornament Premiere is a great time to share in the merriment of the holiday season with loved ones."
Hallmark's new Keepsake Ornaments are available to shop at Hallmark Gold Crown stores nationwide and online beginning July 9. Keepsake Ornament Club members can enjoy early in-store shopping beginning July 8, in addition to other great perks like special savings, access to exclusive ornaments, and the chance to connect with fellow members. Join today and take advantage of these membership perks before 2022 membership enrollment closes on July 31.
Everyone who shops during the Keepsake Ornament Premiere, July 9-17, can enjoy event-only offers and Crown Rewards Bonus Points, including a FREE Young Santa Tote Bag or FREE Rocking Horse Memories Special Edition Keepsake Ornament valid while supplies last at participating Hallmark stores.
New ornaments debuting at the Keepsake Ornament Premiere include the following:
E.T. The Extra-Terrestrial 40th Anniversary Ornament with Light and Sound – Fans of the timeless film can give E.T. a very special home on their Christmas tree this year. The beloved extra-terrestrial who discovered the joy of Earth, candy and the friendship of human children has tugged on heartstrings for generations of fans. Celebrate the movie's 40th anniversary with this delightful likeness of the intelligent creature from outer space. Press the button to see his chest glow red and hear iconic phrases spoken by Elliott's alien friend.
The Mandalorian™ Grogu™ Greetings Ornament with Sound and Motion – They say the best things come in small packages, and what could be better than the gift of Grogu? This Christmas tree ornament features the mysterious little Force-sensitive child from the Star Wars original series "The Mandalorian," streaming only on Disney+, sitting inside a festively wrapped box. Press the button to watch Grogu move and babble as he holds a gingerbread cookie that's decorated like one of his favorite snacks, a Sorgan™ frog.
Super Mario™ Raccoon Mario First in Powered Up with Mario Series Ornament – Power up the holidays with this Raccoon Mario Christmas ornament, the first ornament in the new Powered Up with Mario series. In brilliant color and detail, it depicts Mario in his raccoon form after acquiring the Super Leaf in the beloved "Super Mario Bros.™ 3" video game.
Game of Thrones™ The Iron Throne Musical Ornament – Stake your claim as the rightful heir to the Iron Throne with this "Game of Thrones" Christmas tree ornament. The battery-operated decoration plays part of the iconic theme song from HBO's hit series, which follows the story of several powerful families and their fight for control of the Seven Kingdoms.
Young Santa First in Series Ornament – What was Santa Claus like before he grew into the jolly old elf we all know and love today? The first in a fun new series, this Christmas tree ornament gives a glimpse at Young Santa and his puppy dog pal as he first receives his iconic red suit.
Twelve Days of Christmas Twelve Drummers Drumming Ornament – Collectors can complete their "Twelve Days of Christmas" ornament collection with this year's joyful finale. The little drummer boy holds mallet-style drumsticks to play his drum, which displays the number "12." The edge of the drum features music notes and lyrics of the classic Christmas carol.
A Pony for Christmas 2022 Ornament – Celebrating 25 years of the beloved series, ride into holiday fun with this year's A Pony for Christmas ornament, which depicts a teddy bear wearing a party hat as he rides his carousel horse. The 2022 design features metallic gold painted accents, a yarn tail and wheels that really turn.
North Pole Tree Trimmers 2022 Ornament – Deck the halls with some help from this cute little elf. The 10th ornament in the North Pole Tree Trimmers series features one of Santa's helpers testing out a colorful new nutcracker with a walnut that's wrapped in a red bow.
The entire 2022 Hallmark Keepsake Ornament lineup includes nearly 450+ ornaments to help bring people closer together to celebrate the season, capture memories and turn the Christmas tree into a beloved holiday experience the whole family will enjoy. Click here to view the 2022 Dream Book and explore all of Hallmark's new Keepsake Ornaments.
For more information about Keepsake Ornaments, or to locate a Hallmark Gold Crown store, visit www.Hallmark.com. Save the date for Hallmark's Keepsake Ornament Debut, Oct. 8-16, as 150 more ornaments are released.
© Universal City Studios LLC and Amblin Entertainment, Inc. All Rights Reserved.
STAR WARS and related properties are trademarks and/or copyrights, in the United States and other countries, of Lucasfilm Ltd. and/or its affiliates. © & TM Lucasfilm Ltd.
TM & © 2022 Nintendo.
GAME OF THRONES and all related characters and elements © & ™ Home Box Office, Inc. (s22)
"Game Of Thrones" Main Title Theme
(ASCAP) Written by Ramin Djawadi. Universal Music Corp. on behalf of T L Music Publishing. Used by Permission - All Rights Reserved.
In 1973, when Hallmark introduced six glass ball ornaments and 12 yarn figures as the first collection of Hallmark Keepsake Ornaments, a new tradition of Christmas decorating was started and a new collectible industry was born.
When the first line was introduced, they were unique in design, year-dated and available only for a limited time — innovations in the world of ornaments. Since 1973, Hallmark has introduced more than 8,400 different Keepsakes Ornaments and more than 100 ornament series, annual releases of ornaments that share a specific theme.
Today's Keepsake Ornaments reflect the way styles, materials, formats and technology have expanded since they first appeared in Hallmark stores. Once a collection of decorated glass balls and yarn figures, Keepsake Ornaments are now made in a wide array of wood, glass, metal, porcelain and handcrafted formats. Technology has also been incorporated into the world of Keepsake Ornaments through light, sound and motion. The one thing that hasn't changed, however, is the superior craftsmanship and high quality that ensures Keepsake Ornaments will become family heirlooms and cherished collectibles.
Connect on Instagram and Facebook.
For more than 100 years, family-owned Hallmark Cards, Inc. has been dedicated to creating a more emotionally connected world. Headquartered in Kansas City, Missouri and employing 30,000 worldwide, the approximately $4 billion company operates a diversified portfolio of businesses. The Hallmark Global business sells greeting cards, gift wrap and related products in more than 30 languages with distribution in more than 100 countries and 100,000 rooftops worldwide, including about 2,000 Hallmark Gold Crown stores in five countries. Crayola® offers a wide range of art materials and creative play toys designed to spark children's creativity around the globe. Crown Media Family Networks operates three cable channels — Hallmark Channel, Hallmark Movies & Mysteries, and Hallmark Drama — in addition to Hallmark Publishing, a leading publisher of uplifting eBooks, audiobooks and print editions, and Hallmark Movies Now, a subscription-based streaming service. Crown Center is a real estate development company that manages the 85-acre hotel, office, entertainment and residential campus surrounding Hallmark's headquarters. For more information, visit Hallmark.com. Connect on Instagram, TikTok, Facebook, LinkedIn, YouTube, Pinterest and Twitter.
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SOURCE Hallmark Cards, Inc. | https://www.kxii.com/prnewswire/2022/07/08/hallmark-spreads-holiday-cheer-with-keepsake-ornament-premiere-july-9-17/ | 2022-07-08T11:12:19Z |
NEW YORK, April 7, 2022 /PRNewswire/ -- Today, Dr. Lori Esposito Murray, President of the Committee for Economic Development, the public policy center of The Conference Board (CED), released the following statement in recognition of the Week of the Young Child. This annual event celebrates early learning, young children, their teachers, and families—all important issues highlighted in CED's extensive past and present research and outreach:
"For more than 50 years, CED has recognized the intrinsic links between early childhood education, a successful workforce, and a prosperous economy. In recognition of the Week of the Young Child, CED is reaffirming its call to action for leaders in the private and public sector to collaborate on expanding access to quality early childhood education. High-quality early learning programs instill a strong foundation of social and cognitive skills in children, which prepares them for success in the classroom—and beyond. Together, business leaders and policymakers can ensure that all children—regardless of background, geographic location, or socioeconomic status—have access to the early learning programs that predicate a lifetime of achievement and earnings potential."
For more information, please visit CED's new resource hub, The Economic Role of Paid Child Care in the US. The webpage includes the first in a four-part report series on the topic, fact sheets detailing child care usage per state, interactive data dashboards, and more.
About CED
The Committee for Economic Development (CED) is the public policy center of The Conference Board. The nonprofit, nonpartisan, business-led organization delivers well-researched analysis and reasoned solutions in the nation's interest. CED Trustees are chief executive officers and key executives of leading US companies who bring their unique experience to address today's pressing policy issues. Collectively they represent 30+ industries, over a trillion dollars in revenue, and over 4 million employees. www.ced.org
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
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SOURCE Committee for Economic Development of The Conference Board (CED) | https://www.kxii.com/prnewswire/2022/04/07/ced-issues-statement-importance-early-childhood-education/ | 2022-04-07T19:50:58Z |
Every U.S. Eagle member can put their best card forward with the
new U.S. Eagle METAL™ Cashback Credit Card
ALBUQUERQUE, N.M. , July 1, 2022 /PRNewswire/ -- It's how you buy and how you pay. Today U.S. Eagle is announcing their newest card, the first-of-its-kind card for New Mexico credit unions. U.S. Eagle METAL™ is the next step for U.S. Eagle members who want to put their best card forward when making a purchase.
The primary difference with METAL is its cashback features: cashback not only for purchases but also when members pay for those purchases and, for the first 90 days, even balance transfers. The cashback is unlimited, with no special purchase tracking requirements and never expires. Other unique features – no points to covert to cash. Cashback is automatically deposited into your U.S. Eagle savings account. With its tungsten alloy center, pressed metal foil exterior, it's a heavy card that stands out.
"We've listened to our members, and we pay attention to what they want," said Marsha Majors, President, and CEO of U.S. Eagle, "Our goal was to make the cashback simple and not ask members to jump through hoops to earn it. We wanted to give them a card they would be as proud to use as we are of their membership and having them carry our card. METAL visually shows that you value the strength of your credit union and that we support the purchases our members want to make."
The METAL card isn't just available to existing U.S. Eagle members. Anyone who qualifies for a U.S. Eagle membership may apply for a METAL card.
U.S. Eagle Federal Credit Union is the state's first member-owned credit union. Founded in 1935, U.S. Eagle offers a full suite of financial products and services and has nine locations in Albuquerque, Bernalillo, Farmington, and Santa Fe. With assets of more than $1.5 billion, more than 80,000 members, and as a four-time Forbes Best-In-State Credit Union award recipient, U.S. Eagle is where people mean more.®
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SOURCE U.S. Eagle Federal Credit Union | https://www.wibw.com/prnewswire/2022/07/01/us-eagle-federal-credit-union-releases-new-metal-card/ | 2022-07-01T14:29:03Z |
DALLAS (KDAF) — Textured hair has notoriously been the forgotten child when it comes to cosmetology.
Finding a stylist that understands how to work with textured, curly hair is a difficult process, and when you finally do manage to find one, the process is long and tasking. One Dallas cosmetologist, though, has found a solution.
Piersten Gaines is the founder of Pressed Roots, a blow-dry bar for textured hair that makes three promises:
- They will make your hair health their top priority.
- They will respect your time.
- They will ensure that you have the best experience they can give you.
From the products they use to the wi-fi they offer, Pressed Roots is about respecting your hair, time and money.
Inside DFW’s Jenny Anchondo wanted to learn more about Pressed Roots and talked to the founder herself. For more information and to book an appointment, visit pressedroots.com. | https://cw33.com/news/inside-dfw/a-haven-for-your-hair-heres-an-inside-look-at-dallas-blow-dry-bar-pressed-roots/ | 2022-06-30T17:45:06Z |
Investing RM 600 Million in Infrastructure
Expansion of facilities to drive development in the local economy and across the region
KUALA LUMPUR, Malaysia, June 6, 2022 /PRNewswire/ -- J&T Express ("J&T"), an international express logistics company, announced today it has completed the acquisition of a 30-acre parcel of land in Bandar Rimbayu, Selangor, Malaysia. The land will be used to build an integrated logistics center for express distribution, logistics and transportation and warehousing to meet J&T's growing business needs in Malaysia.
Charles Hou, Group Vice President of J&T Express, said, "As a global integrated logistics service provider, J&T Express is committed to providing customers with more efficient and convenient services. It remains our emphasis to strengthen our leadership position in Southeast Asia through expanding our presence in existing markets. The new facility will be fitted with our advanced technology, which enables us to better tap on our existing networks to meet the growing demands of the burgeoning e-commerce industry in Southeast Asia.".
"Rimbayu is the golden triangle of Selangor, we believe in the future development potential of this area." CEO of J&T Express Malaysia, Roy Zeng said, "This year marks the fifth year since J&T Express commenced operations in Malaysia. With diversified expansion and the strong momentum thanks to the continuous growth of the regional market, we have decided to invest RM 600 million to purchase a parcel of land and build a logistics centre in Malaysia. In doing this, we hope to drive the development of the local economy, provide jobs for the community, and play an active role in the development of the local logistics industry and the long-term development of the community."
Founded in 2015, J&T Express' localized express network now spans twelve countries including China, Indonesia, Vietnam, Malaysia, Thailand, Philippines, Cambodia, Singapore, Saudi Arabia, UAE, Mexico, and Brazil, serving over 2 billion people.
- End -
About J&T Express
J&T Express is a global logistics service provider with leading express delivery businesses in Southeast Asia and China, the largest and fastest-growing market in the world. Founded in 2015, J&T Express' network spans twelve countries, including Indonesia, Vietnam, Malaysia, the Philippines, Thailand, Cambodia, Singapore, China, Saudi Arabia, the UAE, Mexico and Brazil. Adhering to its "customer-oriented and efficiency-based" mission, J&T Express is committed to providing customers with integrated logistics solutions through intelligent infrastructure and digital logistics network, as part of its global strategy to connect the world with greater efficiency and bring logistical benefits to all.
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SOURCE J&T Express | https://www.kxii.com/prnewswire/2022/06/07/jampt-express-acquires-land-malaysia/ | 2022-06-07T02:33:19Z |
As crime rates continue to rise Moran urges leaders to give required attention
TOPEKA, Kan. (WIBW) - Senator Moran has called on AG Garland to give violent crime the attention it requires as rates continue to rise in the U.S.
Ranking member of the Senate Appropriations Subcommittee on Commerce, Justice, Science and Related Agencies U.S. Senator Jerry Moran (R-Kan.) says on Tuesday, April 26, he questioned Attorney General Merrick Garland on President Joe Biden’s Administration’s response to rising crime in the nation.
The questions came during the committee’s hearing to review President Biden’s Fiscal Year 2023 Budget request for the Department of Justice.
“Violent crime continues to lack the attention it requires,” Moran said. “It is absolutely critical that the Department of Justice supports state and local law enforcement, both through grant programs and through joint law enforcement operations. The budget includes an increase to the FY2022 enacted level for DOJ, however, the rhetoric and behavior from the administration too often sends a different signal.”
“If law enforcement officers are not respected or shown respect from our leaders, they will not be respected within the community,” Moran continued. “We have also seen an appalling increase in attacks against police officers. It is no surprise that police departments and sheriff’s offices are short-staffed and having issues recruiting new police officers.”
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/04/26/crime-rates-continue-rise-moran-urges-leaders-give-required-attention/ | 2022-04-26T20:17:34Z |
HANOI, Vietnam, April 27, 2022 /PRNewswire/ -- According to Statista, with 10% of households equipped with smart home, Vietnam is the 28th largest smart home market globally. More optimistically, Global Index expects Vietnam to be in the top 10 outstanding smart home markets worldwide. This statement is validated when World Data Lab estimates that the middle-class population in Vietnam will reach 56 million people by 2030.
In Vietnam, 80.5% of the 10,000 surveyed respondents shared that they have known about smart home, and more than 10% have used it directly, according to Vietnam smart home Report 2022 - the first smart home market report in Vietnam published by Lumi Vietnam. The figure of 10% promises to skyrocket in the near future, with the ability to keep up with the rapid pace of scientific and technological development of the Vietnamese people in association with an increasing standard of living.
From this leverage, the total smart home market revenue in 2022 will reach $239.93 million, by 2026, this figure will reach nearly $454 million, according to Statista.
smart home and COVID-19, challenges and opportunities
A survey conducted between December 11th and December 16th, 2020 revealed that 70% of consumers improved their homes during COVID-19, more than half used smart devices, according to PRNewswire. It is safe to say home automation with connected devices is the new way in response to the pandemic to keep lives standard stable.
In Vietnam, COVID-19 has had a tremendous impact on how smart homes are utilized. The market has been boosted yet requires flexibility of customized smart home solutions to meet customers' special demands during the pandemic.
Lumi Vietnam, as an example of a fully Make-in-Vietnam brand which has its own Vietnamese human sources for a complete production circle of smart devices, has been motivated to complete the ecosystem with devices that guarantee safety, comfort, health and surveillance.
It has Vietnam's first AI Camera hub which is the central data processor that can upgrade ordinary cameras into smart ones with artificial intelligence. Regarding healthcare and comfort, a new line of smart lights with human-centric lighting technology has also been launched to prevent eye diseases by providing simulated natural light. Furthermore, the brand-new generation of smart door locks has been produced in association with increasing security awareness.
COVID and the adverse challenges may be an obstacle to Asia businesses generally and smart home corporates in Vietnam particularly. Nevertheless, the opportunities are visible for those who endeavor to understand customer insight and satisfy it with enthusiasm.
Decade of tectonic shifts to technological life rhythms
Lumi Vietnam has significantly contributed to creating and leading the Vietnamese smart home market from the first bricks, changing the definition of technological life, smart home for tens of thousands of Vietnamese. In addition, Lumi Vietnam has been creating a comfortable and convenient living environment for more than 40,000 domestic and foreign customers.
Lumi's first decade witnessed relentless efforts with practical technology solutions for life. It Vietnam's achievements are not only the average growth rate of 30% per year but also the high appreciation of customers, bringing the living experience of a part of Vietnamese to catch up with the world in the 4.0 technology trend and the IoT trend.
Changes for better servicing customers and thriving smart home industry in Vietnam
Nguyen Duc Tai, Lumi's CEO shared: "Ten years ago, the smart home market in Vietnam was almost zero, we started with the first touch switches and didn't know we were doing smart home. There are many limitations in terms of market, competition, user perception and technology platform. However, after ten years, we are confident that we have initially penetrated the market. Now, we continue to be at the forefront of research and development activities that enhance the user experience."
Previously, buyers only recognized Lumi for its "smart" and "Make in Vietnam" goods; today, the "creative" and "aesthetic" components will be explained and proven when each solution is introduced to the market.
Taking Lumi as an example, it can be concluded that in a typical market like Vietnam, where technology development is typical and user needs change, doing business is not enough, it is pivotal to educate the market and keep flexibly changing the customer approach strategies.
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SOURCE Lumi Vietnam | https://www.kxii.com/prnewswire/2022/04/28/lumi-vietnam-10-years-covid-story-changing-better-serving-customer/ | 2022-04-28T02:43:26Z |
Hernandez 5 RBIs, Soto 3 hits, Gray excels, Nats top Giants
By MICHAEL WAGAMAN
Associated Press
SAN FRANCISCO (AP) — Yadiel Hernandez drove in a career-high five runs with three hits as the Washington Nationals beat the San Francisco Giants 11-5. Juan Soto also had three hits and scored three times for the Nationals. Washington’s Lucius Fox got his first two hits in the majors after beginning his career 0 for 20. Nationals starter Josiah Gray allowed one hit in six innings, working around four walks while striking out three. | https://localnews8.com/sports/ap-national-sports/2022/05/01/hernandez-5-rbis-soto-3-hits-gray-excels-nats-top-giants/ | 2022-05-02T07:06:46Z |
Elderly woman dies; body found outside 8 days later
BOYD COUNTY, Ky. (WSAZ) - A trip to the backyard ended in tragedy when an elderly woman’s badly decomposed body was discovered after lying outside for several days.
Roy and Pat Patrick have lived in their Kentucky neighborhood for more than 40 years. They had grown to look out for a fellow neighbor down the road, an elderly woman who lived alone, exchanging waves and emails.
But one day, the Patricks told WSAZ they noticed something out of the ordinary.
“Buzzards were circling, and it’s not uncommon for a deer to die and the buzzards take care of them. I didn’t think too much about it until we saw two of them perched on her roof. I told Pat, ‘Something’s wrong,’” Roy Patrick said.
Their neighbor’s body was found in her backyard. According to the Boyd County coroner, it had been there for eight days. When she was found, her body was badly decomposed from a combination of intense heat and humidity and being preyed upon by animals.
The coroner says it appears the woman died of natural causes, but they’re waiting on autopsy reports.
“We’ll miss her,” Roy Patrick said.
He and his wife say following this incident, it’s a reminder of how important it is to check on your neighbors.
“Especially the ones who live alone, and she lived there alone. I said we should pay more attention to neighbors and family,” Pat Patrick said.
The body has been sent to the state medical examiner’s office for an autopsy.
Copyright 2022 WSAZ via Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/08/11/elderly-woman-dies-body-found-outside-8-days-later/ | 2022-08-11T05:51:24Z |
Unrestrained infant dies after falling from vehicle, being run over, police say
WOODBRIDGE, Va. (Gray News) - Police are investigating the death of a small child in Virginia after investigators said she was run over by the vehicle she had been sitting in.
The Prince William County Police Department said its Crash Investigation Unit responded to the scene on Sunday in Woodbridge to find a 10-month-old girl with a serious head injury.
The girl, who was from Hyattsville, Maryland, was rushed to a nearby hospital where she died from her injuries later in the day.
Investigators said they believe the driver had placed the infant unrestrained in the back seat of a Toyota Highlander before driving to a nearby dumpster.
The 35-year-old driver went to pick up additional family members at a home, but when one of the relatives opened the back door, the child fell out of the vehicle, authorities said.
Police said the driver immediately got out of the vehicle while the SUV’s transmission was still in drive, causing it to roll over the child.
The driver hasn’t been charged as of Monday morning, and the police department said the case remains under investigation.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/06/13/unrestrained-infant-dies-after-falling-vehicle-being-run-over-police-say/ | 2022-06-13T16:10:34Z |
First-of-its-kind In-Store Market Solution enables retailers to simplify management of brick and mortar audio and display advertising
INDIANAPOLIS, Aug. 10, 2022 /PRNewswire/ -- The In-Store Marketplace (ISM) platform launches today as an open initiative in which trusted media service providers, including Vibenomics, Mood Media, Sellr Technologies, FuelMedia TV, WaterStation Technology, and others, will provide a consistent, ubiquitous, single-point of integration for any in-store Retail Media platform. This solution enables retail media to easily access a variety of digital audio and display inventory.
"The definition of retail media is broadening," said Brent Oakley, Vibenomics CEO. "Multi- and omni-channel shopping journeys already expose customers to a wide variety of visual and audio, print and digital, and experiential communication via in-store merchandise displays. Key to the continuation and evolution of that journey is the existence of a marketplace that provides easily-accessible common inventory for in-store media and ad-serving tech."
The In-Store Marketplace platform was created as a centralized eco-system where in-store media publishers can more effectively manage campaigns through the ISM Ad-Server and ISM portal – providing oversight of retail media pricing, yield management and reporting on buying activity. Publishers who work alongside retailers will be able to integrate the In-Store Marketplace directly into their respective retail media platforms. Providers, such as Citrus Ad, are then able to expand their unified offering to include in-store without the challenges of integrating the disparate in-store media systems.
"Mood Media is continually looking for innovative ways to add incremental value to our retail customers," said Malcolm McRoberts, Mood Media CEO. "The In-Store Marketplace will benefit from our ubiquitous coverage of audio and display across 330,000 locations and retailers have the unique opportunity of working with a single point of integration for in-store media."
While retail media began as an ecommerce-only platform leveraged by retailers to advertise and promote products online, it has become so much more. According to eMarketer, "2022 is the year of retail media networks." US (retail media) spending has grown to over $41B and now represents 17.2% of the total US digital ad spend. It's proof that retail media has a solid place in the current economic climate. And evolving definitions have become inclusive of other digital in-store media, including video displays — and audio advertising.
"The In-Store Marketplace allows buyers to bundle display inventory and digital audio into a single PMP or cherry-pick your options — whatever approach fits your current needs," said Chelsea Monaco, VP, eRetail & Commerce Media at Merkle. "Consolidating the big shopper media partners like Vibenomics, Mood Media, Sellr Technologies, FuelMedia TV, WaterStation Technology facilitates more frictionless engagement with partners and ubiquitous access to the inventory. These benefits were a major takeaway from our research last year and I imagine they'll surface again when we repeat our study this year."
To learn more about the In-Store Marketplace, visit www.instoremarketplace.com or reach out to media@instoremarketplace.com.
About In-Store Marketplace
In-Store Marketplace (ISM) is a centralized ecosystem where in-store media publishers can directly manage their advertising campaigns through the marketplace portal to broaden the scope of their retail media network coverage, pricing, yield management and reporting on buying activity. With ISM, retailers can smoothly integrate with their existing platforms to manage in-store media buying activity. The ISM was created with input from retail media network owners, retail media software providers, Vibenomics, Mood Media, Sellr Technologies, FuelMedia TV, WaterStation Technology, retail media experts, Merkle and others spanning more than 400,000 U.S. retail venues with in excess of 5 million display and audio touchpoints to more than 275 million monthly shoppers.
Media Contact:
Abby Lewis
BLASTmedia for Vibenomics
317.806.1900 x 136
Abby@blastmedia.com
View original content to download multimedia:
SOURCE Vibenomics | https://www.mysuncoast.com/prnewswire/2022/08/10/in-store-marketplace-launches-simplify-digital-experience-retail-media-owners/ | 2022-08-10T12:30:12Z |
Emmett Till grew up in a two-story, red brick house on the South Side of Chicago before leaving the city in 1955 to visit family in Mississippi, where the 14-year-old Black teen was lynched after being accused of whistling at a White woman.
An African American cultural preservation organization on Tuesday announced that Emmett's childhood home will be one of 33 sites and organizations across the country to receive a portion of $3 million in grants.
The news comes after a recent discovery of an unserved arrest warrant for the White woman who accused Emmett of making advances toward her, sparking the events that led to his death, as well as new details about her unpublished memoir.
The grant money from the African American Cultural Heritage Action Fund, an initiative of the National Trust for Historic Preservation, will go toward the preservation and protection of various locations integral to Black history. The African American Cultural Heritage Action Fund was launched in 2017 with the purpose of "elevating and preserving the stories and places of African American resilience, activism and achievement," the fund's Executive Director Brent Leggs told CNN Tuesday.
Leggs, who also serves as the senior vice president of the National Trust for Historic Preservation, said the 2022 selection of grant recipients highlights the beauty and complexity of Black culture and history in America.
"This year, we wanted to ensure that we were balancing public memory and not just presenting places associated with a painful past, but uplifting stories of arts, culture, entrepreneurship and achievement that are fundamental to the nation itself," Leggs said.
This is the fifth year the fund has awarded national grants to places symbolizing significant aspects of Black history, with new sites being selected every year. This year, Leggs said the $3 million encompasses grants ranging from $50,000 to $150,000 going to the various locations based on the fund's four funding categories: building capital, increasing organizational reach, project planning and education and programming.
Here are some of the sites that will be preserved, how much they received from the fund and the stories behind their cultural significance.
The home of Mamie Till Mobley and Emmett Till
Money allocated: $150,000
In the years leading up to her son's gruesome murder that spurred the civil rights movement in America, Mamie Till Mobley and Emmett lived in a two-story Victorian house in Chicago's South Side Woodlawn neighborhood.
After Emmett's death, Till Mobley continued to live in the house until 1962, working to honor the legacy of her only son while devoting her life to the advancement of civil rights.
Last year, the house, built in 1895, was granted landmark status by the Chicago City Council.
The grant will focus on the creation of a project director position centered on programming and heritage projects, including repairing the home's interior to resemble how it looked in 1955 when Emmett last lived there.
The birthplace of bebop jazz
Money allocated: $100,000
Detroit's Blue Bird Inn served as an institute for Black musicians who were integral to the development of modern music globally. Opened in 1937, "The Bird" featured live music and was a safe haven for Detroit's Black community who lived in a deeply segregated city post-WWII.
Performers at the historic site included renowned jazz artists such as Miles Davis, John Coltrane and Sarah Vaughan.
In 2020, the site was formally named a Historic District by the city of Detroit.
As part of the grant project, the Blue Bird will undergo a series of interior rehabilitation projects with the intent of serving as an archive, music venue and gathering space for the Detroit community once again.
A Black-owned bank that served as a 'symbol of progress'
Money allocated: $94,000
The 1904 Mound Bayou Bank represented entrepreneurship and commercial enterprise for Jackson, Mississippi's prospering Black community. Founded by Charles Banks, described by Booker T. Washington as "the most influential Negro businessman in the United States," the bank supported the economic development of Jackson's Black community.
The locally owned bank provided a space for community members to purchase shares, meaning Black residents could invest in their community.
Banks' entrepreneurial efforts are said to have subverted the racism that dictated everyday life in Mississippi in the 20th century.
The grant will be put toward exterior rehabilitation meant to solidify the bank's future as a museum and visitor center.
The church where civil rights marchers met before Selma's 'Bloody Sunday'
Money allocated: $150,000
In 1965, civil rights organizers -- including late civil rights icon Rep. John Lewis -- met at the Brown Chapel African Methodist Episcopal Church in preparation for a march from Selma, Alabama, to Montgomery, the state capital, to advocate for voting rights.
As protesters attempted to head across the Edmund Pettus Bridge in Selma, they were met by a group of state troopers who stood ready to attack and brutalize them. The watershed civil rights moment, known as "Bloody Sunday," was a catalyst for the Voting Rights Act of 1965.
Like other Black churches at the time, the downtown church served as an organizing space for Black community members to unite and work toward racial justice efforts during the civil rights movement.
The new funds will address water and termite damage as well as replace some of the church's cupolas' structural beams.
A first-class musical venue for Black musicians
Money allocated: $100,000
The Eldorado Ballroom was listed in the Green Book, a guidebook that helped Black people safely navigate the country, as a "must-visit" site for African Americans in Houston, Texas.
Built in 1939, the ballroom has served as a retail space and music venue, welcoming performances from music legends like James Brown and Ray Charles as well as jazz performances from local artists.
The ballroom advertised itself as the "Home of Happy Feet" to highlight its eccentric live music performances and large, packed dance floor.
The grant project will repair and restore the ballroom's windows on the ground- and second floors.
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