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NEW YORK, Sept. 1, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Forma Therapeutics Holdings, Inc. ("Forma Therapeutics" or the "Company") (NASDAQ: FMTX), in connection with the proposed acquisition of the Company by Novo Nordisk A/S (NYSE: NVO) via tender offer. Under the terms of the merger agreement, the Company's shareholders will receive $20.00 in cash for each share of Forma Therapeutics common stock owned. The transaction is valued at approximately $1.1 billion.
If you own Forma Therapeutics shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
https://www.weisslaw.co/news-and-cases/fmtx
Or please contact:
Joshua Rubin, Esq.
Weiss Law
305 Broadway, 7th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Weiss Law is investigating whether (i) Forma Therapeutics' board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $20.00 per-share merger consideration adequately compensates Forma Therapeutics' shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. Notably, the merger consideration is below the $30.50 median price target set by analysts, and at least one analyst set a price target for the Company of $53 per share, $33.00 above the per-share merger consideration.
Weiss Law has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com
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https://www.kxii.com/prnewswire/2022/09/01/shareholder-alert-weiss-law-investigates-forma-therapeutics-holdings-inc/
| 2022-09-01T21:46:34Z
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DALLAS (KDAF) — Fans, you have been heard. Nothing Bundt Cakes has brought back two fan-favorite flavors and added them to its year-round menu.
Berries and cream anyone? The first flavor the bakery chain brought back is Strawberries & Cream, which was first introduced to customers back in 2014. You can now enjoy strawberry fruit filling and white chocolate, year-round.
The second flavor they brought back is Snickerdoodle, which was introduced in 2019.
These flavors join the following, other permanent menu flavors:
- Red Velvet
- Chocolate Chocolate Chip
- White Chocolate Raspberry
- Lemon
- Confetti
- Carrot
- Classic Vanilla
These flavors are available now. Click here to make an order!
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https://cw33.com/news/nothing-bundt-cakes-has-brought-back-two-fan-fav-flavors/
| 2022-06-10T17:21:27Z
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Services for Pamela Lockett, 37, of Temple are pending with Branford/Dawson Funeral Home in Temple.
Mrs. Lockett died Sunday, May 8, at her residence.
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https://www.tdtnews.com/obituaries/article_8fa2dda2-d0c0-11ec-bf86-bf6f4eba4644.html
| 2022-05-11T06:53:31Z
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Data show loss of patent and loss of exclusivity are lowering the costs of some drugs in the US, the US continues to lead in inpatient costs across every measured intervention, however outpatient costs in the US are not always higher than other countries.
LONDON, July 20, 2022 /PRNewswire/ -- The International Federation of Health Plans (iFHP), an executive network of the global health insurance industry based in London, in partnership with the Health Care Cost Institute (HCCI) in the United States, and iFHP member companies in multiple countries, today published the latest International Health Cost Comparison Report.
The expanded report compares the cost of a selection of inpatient treatments, outpatient treatments and prescribed drugs as reported by iFHP members in eleven countries in 2019.
Data in the report demonstrate that where you live continues to have an enormous influence on the cost of your healthcare. Several types of care may be up to ten times more expensive in some countries over others that are otherwise geographically, politically, and economically similar.
"While healthcare in the United States is commonly thought to be among the most expensive in the world, this latest report suggests this may no longer be true for all health costs," said Chris Watney, CEO of iFHP. "Although international comparisons need to be made carefully, it's our hope that strategies employed to challenge the status quo on drug pricing and some outpatient procedures are starting to bring some median US costs in line with, or better than international benchmarks."
Drug Cost Comparison
iFHP and HCCI compared the price of fifteen drugs in 2019 across nine countries worldwide. The drugs were chosen for the relative cumulative cost they represent as a proportion of the overall drug expenditure of private health insurers. Prices represent the median cost per drug.
Key Findings:
While US drug prices remained higher than other countries for many of the drugs studied, a look at generic drugs provides a clearer picture of the price shifts that occur when a drug loses its patent or exclusivity protection in a market.
- Drug costs in most countries were less than half the US costs for nearly all of the non-generic administered, and prescription drugs included in this study.
- The prices paid for Sertraline (generic Zoloft), an antidepressant, were lower in the US than in any other country surveyed.
- Similarly, the price of Escitalopram (generic Lexapro), also an antidepressant, was lower in the US than any country surveyed except Kazakhstan.
Inpatient Procedures Costs Comparison
The study compares the median claims cost of nine inpatient treatments in 2019 across eleven countries worldwide. As in previous studies, the median costs borne by private insurers for health care services in the United States were almost always higher than those reported in the other countries included in the study.
There is significant variability in the costs across countries which can be attributed to several variables. For instance, some of the variability can be explained by international differences in the number of days a patient will stay in the hospital.
Key Findings:
The survey's latest findings are broadly consistent with those of previous studies, with the United States consistently presenting the highest costs for inpatient treatments, and usually significantly so.
- Prices in Kazakhstan were the lowest among all countries for most of the services included in the study.
- Outside of the US, prices in Switzerland and New Zealand were often among the highest prices in the study.
- Coronary bypass surgery and gallbladder removal (cholecystectomy) were less than half the price of the US in all the other countries included in the study.
- Spain had among the lowest prices for hip and knee replacements with costs less than 25% of the US price. The median cost of a knee replacement in Switzerland was the closest to the US at nearly 70% of the price.
Outpatient Procedure Costs Comparison
iFHP and HCCI compared the median cost of ten outpatient treatments in 2019 across eleven countries worldwide. The treatments were chosen for the relative cumulative cost they represent as a proportion of the overall treatment costs expensed by private health insurance companies. Outpatient procedures may be performed in a hospital/facility setting or in an office/non-facility setting.
The objective of this study is to highlight price disparities internationally. Due to the differences in billing practices, it is not always possible to provide an exact match between what is measured in each claim per country, and those differences are noted in the survey.
Key Findings:
The picture has changed since the report of 2017 data, when costs in the United States outstripped other countries' costs in all but one category (cataract). In 2019, the US data trended more towards the centre of the countries studied, and the US price was not the highest for any procedure.
- Outside of the US, prices in New Zealand were often among the highest prices for many of the procedures included in the study.
- Kazakhstan, Chile and Germany reported the lowest prices for several of the procedures surveyed.
Comparisons across different countries are complicated by differences in market dynamics and fee schedules, and prices may not be representative of prices paid by other plans in that market. The study attempts to minimize these limitations by focusing on services with very specific definitions enabling respondents to match the procedures that are the basis of the US payment system. The drugs costs are taken from claims data and as such they are influenced by both list price and confidential contractual agreements or rebates. All drug prices were adjusted to reflect the most commonly prescribed standard dosage and units.
Representing 70+ private and statutory health insurers in over 24 countries and 6 continents, covering a total of more than 250 million lives, the International Federation of Health Plans (iFHP) supports equitable access to healthcare for all populations across the world and the sustainability of the private and statutory health insurance industry.
The Health Care Cost Institute (HCCI) is an independent, non-profit organization with leading health claims datasets that enable research, policy, and journalism. HCCI stands for truth and consensus around the most important trends in health care, particularly those economic and policy issues that are critical to a sustainable, equitable, and accessible high-quality health care system.
The 2022 International Health Cost Comparison Report compares the cost of a selection of inpatient treatments, outpatient treatments and prescribed drugs as reported by iFHP members in ten countries in 2019. (Note: 2019 represents the most complete and recent dataset not affected by the COVID-19 pandemic.) The drugs and treatments featured in the study were selected due to the high cumulative cost they typically represent in total claims for health plans around the world. The objective of this study is to highlight cost disparities as a basis for further research into the contributing factors to those disparities.
The full 2022 report is available at https://healthcostinstitute.org/images/pdfs/international_health_cost_comparison_report_2022.pdf
The prior report, published in 2019, is available at: https://healthcostinstitute.org/hcci-research/international-comparisons-of-health-care-prices-2017-ifhp-survey?highlight=WyJpZmhwIl0=
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SOURCE The International Federation of Health Plans
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https://www.kxii.com/prnewswire/2022/07/20/ifhp-hcci-release-2022-international-health-cost-comparison-report/
| 2022-07-20T15:35:10Z
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HOUSTON, June 23, 2022 /PRNewswire/ -- Today, Focal Point Energy announced the addition of two new members of its Advisory Board, former U.S. Senator and Ambassador Scott Brown and former senior U.S. law enforcement official Michael Clarke. As members of Focal Point Energy's Board of Advisors, Senator Brown and Mr. Clarke will bring their global expertise to Focal Point's projects under development in the Middle East, Balkans, and Latin America.
"We're excited to have Senator Brown and Mr. Clarke join the Focal Point Energy team," said Focal Point Energy's Director, Vince Trovato. "Their decades of service to the U.S. government, both at home and abroad, provides Focal Point with a wealth of expertise as we move forward with projects in the Middle East and Western Balkans, in addition to supporting our recently announced Joint Venture in Bulgaria.
"I look forward to working with Focal Point Energy's team to develop new opportunities for diversification of energy supplies away from Russian sources," said Senator Brown. "With Russia's actions over the past several years, and particularly their invasion of Ukraine, it has become evident that Europe, and the rest of the world, must wean themselves off Russian energy products that fund a regime not only opposed to U.S. Foreign Policy but the best interests of the Russian people." Senator Brown continued.
"Having opened the first Legal Attache office in the Balkans, I was excited to learn not only about Focal Point's efforts in the region but their focus on commercial success paired with good governance," said Michael Clarke. "By joining Focal Point's Board of Advisors, I am looking forward to offering my expertise as the company pursues commercial opportunities and participating in Focal Point's efforts to support good governance and sustainable development in all of its projects," Mr. Clarke continued.
In addition to serving on Focal Point Energy's Board of Advisors, Senator Brown and Mr. Clarke will serve as Focal Point's nominees to the Board of Directors of Insa Inc, the recently announced joint venture between Focal Point Energy and Insa Oil.
"Advisors like Senator Brown and Mr. Clarke are core to our mission of achieving commercial success developing energy projects while ensuring we maintain a strong focus on being a force for good in the communities where we operate," Mr. Trovato continued. "Senator Brown and Mr. Clarke are highly passionate about their fields of expertise and make invaluable additions to the Focal Point Energy team," said Mr. Trovato.
Former Senator and Ambassador Scott Brown represented Massachusetts in the U.S. Senate from 2010 to 2013 before serving as U.S. Ambassador to New Zealand and Samoa from 2017 to 2020. Before serving in the Senate and as Ambassador, Brown was a member of the Massachusetts General Court, first in the State House of Representatives (1998–2004) and then in the State Senate (2004–2010). A retired colonel from the Army National Guard, Brown dedicated his life and time in office to defending the United States and the military personnel that support it. He also supported energy diversification and exploration as a means to reduce the country's dependence on foreign oil. Following his tenure as Senator, Brown was President and Dean of New England Law Boston until being confirmed as U.S. Ambassador to New Zealand and Samoa. He earned his B.A. from Tufts University in 1981 and his J.D. from Boston College Law School.
Prior to retiring in 2021, Mr. Clarke spent over 30 years as a Special Agent with the U.S. Federal Bureau of Investigation (FBI). During his career with the FBI, Mr. Clarke led several high-profile organized crime and counter-terrorism investigations, both at home and abroad. During his service abroad, Mr. Clarke served in Iraq, Afghanistan, Haiti, Pakistan, Russia, Jordan, Bulgaria, and Libya. In 2005 Mr. Clarke opened and led the first Legal Attache office for the Balkan region in the U.S. Embassy in Sofia, Bulgaria. Upon returning to the U.S., Mr. Clarke served as Senior FBI Liaison Officer to the U.S. Department of Defense Southern Command, focusing on interagency operations in Latin America. In 2012 Mr. Clarke was selected as the lead FBI Case Agent investigating the terrorist attack on the U.S. Consulate in Benghazi, Libya. For over seven years, Mr. Clarke led a massive investigation resulting in the dismantlement of the Benghazi Attack Network and the successful capture and prosecution of subjects responsible for the attacks. Michael Clarke was awarded the 2018 Attorney General's Award and 2020 FBI Director's Award for his leadership in this investigation.
Focal Point Energy is a US-based, impact-driven investment and development company specializing in transaction advisory and project development in the energy and infrastructure sectors. The energy investment and consulting firm focuses on opportunities across the energy spectrum, from renewable energy to traditional energy investments in globally strategic areas. Focal Point Energy is led by Executive Director Vince Trovato, a former Senior Advisor to the U.S. Secretary of Energy and Director of the Office of Energy Innovation and Market Development. At the newly formed Office of Energy Innovation and Market Development, Mr. Trovato helped U.S. energy companies identify and develop strategic international opportunities and secure financing for those opportunities. For more information, visit https://focalpoint.energy.
Media Contact
Lauren Gilmore | lauren@hyperfocal.pr
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https://www.wibw.com/prnewswire/2022/06/23/focal-point-energy-announces-addition-two-new-advisors/
| 2022-06-23T19:24:55Z
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DA: Wichita officer immune from prosecution in 2020 shooting
WICHITA, Kan. (KWCH) - Sedgwick County District Attorney Marc Bennett has declared a December 2020 officer-involved shooting justified. The shooting resulted in the death of 37-year-old Jason Williams.
During a briefing on Friday, Bennett said the Wichita police officer who shot and killed Williams was also involved in the text message investigation involving other Wichita police officers, a Wichita firefighter and Sedgwick County deputies.
The text messages were discovered in 2021 while the Wichita Police Department was investigating an allegation of stalking/domestic violence against a deputy for the Sedgwick County Sheriff’s Department. Investigators found that sometime after the shooting, the deputy had texted the officer that he (the officer) was an “ultimate de-escalator.” The officer responded to the deputy’s text with a “love” response and then texted back, “Good stuff, Max. Thank you.”
“This private text exchange may well fall below the public’s expectation of the professionalism to which officers should hold themselves. It does not, however, change the clear facts of this case, the risk to Witness 2′s life that Officer 2 encountered, or the legality of the decision made by Officer 2 to fire his weapon,” reads the findings from the district attorney’s office.
On December 30, 2020, investigators said Williams fired dozens of rounds into the home of his mother-in-law, 52-year-old Michelle Barr. He then forced his way into the home through a side window and shot Barr multiple times killing her. Williams then shot his estranged wife (Witness 2) and “expressed to negotiators his intent to end his own life,” according to the DA.
After letting his children go (who were also in the home), Bennett said Williams appeared to be preventing his estranged wife from leaving the residence. Bennett said the officer believed Williams posed an imminent threat to his estranged wife’s life and fired a single shot striking Williams and killing him.
“Since 2011, under the Kansas “stand your ground” law, one who acts in defense of himself or to protect a third party is immune from prosecution. See K.S.A. 21-5231. A person may not be charged or prosecuted unless the state can establish that the person who utilized deadly force was not acting reasonably under the circumstances,” reads the report from the district attorney’s office.
It goes on to state that the officer is immune from prosecution under Kansas law and no criminal charges will be filed.
At the time of the deadly shooting, the Wichita police officer had been an 18-year veteran of the police department.
Copyright 2022 KWCH. All rights reserved.
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https://www.wibw.com/2022/08/12/da-wichita-officer-immune-prosecution-2020-shooting/
| 2022-08-12T23:33:29Z
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DC reaches $750K settlement in Trump inaugural lawsuit
WASHINGTON (AP) — Former President Donald Trump’s businesses and inaugural committee have reached a deal to pay Washington, D.C., $750,000 to resolve a lawsuit that alleged the committee overpaid for events at his hotel and enriched the former president’s family in the process, according to the District of Columbia’s attorney general.
Attorney General Karl Racine announced the settlement agreement in the case against the Presidential Inaugural Committee, the Trump Organization and the Trump International Hotel in Washington in a tweet on Tuesday. The document had not yet been signed by a judge.
The agreement says the case is being resolved “to avoid the cost, burden, and risks of further litigation” and that the organizations “dispute these allegations on numerous grounds and deny having engaged in any wrongdoing or unlawful conduct.”
As part of the agreement, the defendants will pay the District of Columbia a total of $750,000, which will be used to benefit three nonprofit organizations, the settlement paperwork says.
“We’re resolving our lawsuit and sending the message that if you violate DC nonprofit law—no matter how powerful you are—you’ll pay,” Racine said in a tweet.
In a statement, Trump blasted Racine and noted that the settlement includes no admission of guilt or liability.
“As crime rates are soaring in our Nation’s Capital, it is necessary that the Attorney General focus on those issues rather than a further leg of the greatest Witch-Hunt in political history,” Trump said. “This was yet another example of weaponizing Law Enforcement against the Republican Party and, in particular, the former President of the United States.”
Racine has said the committee misused nonprofit funds and coordinated with the hotel’s management and members of the Trump family to arrange the events. He said one of the event’s planners raised concerns about pricing with Trump, the president’s daughter Ivanka Trump and Rick Gates, a top campaign official at the time.
The committee has maintained that its finances were independently audited, and that all money was spent in accordance with the law. The committee raised an unprecedented $107 million to host events celebrating Trump’s inauguration in January 2017. But the committee’s spending has drawn mounting scrutiny.
Gates, a former Trump campaign aide who cooperated in the special counsel’s Russia investigation, personally managed discussions with the hotel about using the space, including ballrooms and meeting rooms, the attorney general’s office has said. In one instance, Gates contacted Ivanka Trump and told her that he was “a bit worried about the optics” of the committee paying such a high fee, Racine said.
Prosecutors say the committee could have hosted inaugural events at other venues either for free or for reduced costs but didn’t consider those options.
___
Associated Press writer Jill Colvin contributed to this report.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.wibw.com/2022/05/03/dc-reaches-750k-settlement-trump-inaugural-lawsuit/
| 2022-05-03T18:33:31Z
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SHANGHAI, Aug. 17, 2022 /PRNewswire/ -- Fudan University's MBA program, launched in 1991 and celebrating its 31st anniversary this year, has become one of the top MBA programs not only in Asia but also worldwide as a result of the university's continuous upgrades of its international education program in line with the latest development trends in the field. In the Financial Times' Top 100 Global MBA Programs 2022 Ranking, the program placed 32nd globally and came in first among the business schools of universities in Mainland China.
On the afternoon of August 7, 2022, the press conference announcing the upgrade of the Fudan MBA program was held in a hybrid online and offline format, during which the university unveiled a new initiative to expand the program with the launch of the Fudan MBA Technology Innovation Youth Camp and the Future Development Module. During these times of uncertainty, the event focused on the characteristics of China's current stage of economic development and the business community's future demand for talented individuals while showcasing the program's new, innovative and future-oriented approaches to education.
Highlight 1: the Fudan MBA program further upgrades its curriculum to advance sustainable leadership skills
In order to to help students develop sustainable leadership skills to meet the expectations of leaders in the era of digital transformation, the Fudan MBA program has been committed to setting education goals according to future-oriented business and social needs and achieving these goals through innovation in the curriculum. The program, which has continuously witnessed enhancements to the course load and the learning system, has helped students build a complete knowledge structure, develop a forward-looking mindset and enhance capabilities in systematic learning. The program offers over 300 courses throughout the year, while modifying and upgrading the courses in line with the latest trends in economic and social development. In 2021, the average course satisfaction level reached 9.5 out of 10.
The MBA program is transforming its approach to education by upgrading the curriculum for the future through the addition of the Future Development Module that includes three mandatory courses: Environmental, Social and Corporate Governance (ESG), Organizational Behavior and Leadership, and Digital Management. The new module, reflecting major changes to the program's original curriculum in response to the new education goals, is designed to advance sustainable leadership skills. In addition, by relying on Fudan University's comprehensive disciplinary resources, the program, in cooperation with several schools within the university, has created the Fudan Humanities Elective Series and the High Technology and New Industries Series.
At the same time, Fudan's international MBA program plans to launch two new electives: Investment and Entrepreneurship as well as Business Analysis and Management. The former will focus on the management- and strategy-related challenges facing investors and entrepreneurs while the latter will help students who may become future managers become skilled at better predicting outcomes and undertaking more educated decisions based on structured data analysis.
The Fudan MBA program has integrated resources from top business schools worldwide by further expanding its curriculum partnerships with these schools. Notably, the program has rolled out four popular electives from MIT Sloan School of Management: Data Analytics by Prof. Robert Freund, Financial Innovation and Analytics by Prof. Hui Chen, Innovative Strategies by Dr. Erin Scott, and Leading Digital Transformation by Dr. George Westerman. Furthermore, the program has added to its electives system over a dozen short-term international courses covering six timely topics: Leadership and Strategy at Yale, Entrepreneurship, Innovation and Digital Transformation at MIT, Finance and Investment at London Business School, the Israel Strategic Mindset and Innovation Program, and Innovation and Entrepreneurship in Silicon Valley.
Highlight 2: the first Fudan MBA Technology Innovation Youth Camp is launched in response to China's technology innovation strategy
With an unprecedented level of innovation in technology taking place worldwide and the increasingly fierce competition across the technology sector, China is becoming one of the world's technology powerhouses by virtue of its latest innovations in science and technology. To respond to these development trends, the Fudan MBA program has upgraded its approach to education by introducing a technology innovation management course while launching the first Technology Innovation Youth Camp with the intent of enrolling part-time MBA students who aspire to a career as a technology innovator.
The Fudan MBA Technology Innovation Youth Camp will focus on technology innovation management with the goal of strengthening students' capabilities in four relevant areas. The selected students will take highly customized courses at the camp after completing the core courses of the MBA program during the first academic year. With a focus on the characteristics of technology innovation management, the customized courses will help students understand the top-level designs of companies at the forefront of technology innovation, grasp the trends in technology development and application, and explore the functional management and decisions of such firms. With an original, systematic and practical curriculum system, the camp is also designed to deepen students' understanding of the essence of innovation in technology while helping them enhance discernment in leveraging trends and business opportunities, augment understanding of the growth path of companies that lead in technology innovation, strengthen capabilities in addressing the practical challenges facing these firms, and develop leadership skills in empowering such companies' growth.
By leveraging the ecological technology innovation resources of the School of Management, Fudan University, the camp will create a dual-mentorship model that involves scholars and entrepreneurs in the field of technology innovation who will jointly provide comprehensive guidance to students so that they can learn new skills by participating in a number of integrated practical activities, among them technology innovation-themed reading sessions, company visits, lectures on innovation in science and technology, business challenges, and international study tours. At the same time, students of the camp who become part of the school's increasingly expanded technology innovation ecosystem are well positioned to empower innovation in technology by continuously conducting exchanges with entrepreneurs in the field, participating in internship projects and taking full advantage of career development opportunities. By doing so, students can realize their own value and become leaders in technology innovation by promoting the research, education and application of China's technology innovation management and contributing to the implementation of the country's relevant strategy.
Highlight 3: The Fudan MBA program integrates three major platforms for practical education by implementing the idea of putting learning into practice
Based on the concept of putting learning into practice, Fudan's MBA program attaches great importance to practical education by not only highlighting the connection between theory and practice in the classroom, but also providing students with numerous hands-on activities that help them understand the importance of practice and comprehensively improve their abilities. The hands-on lineup includes the iLab Business Challenge, the iLab Business Consulting Project and the 'JOIN' Start-up Competition.
After the completion of the upgrade of the education system, the two MBA iLab action learning platforms, iLab Business Challenge and iLab Business Consulting Project, will reach all of the program's students with a commitment to building a closed-loop system that unites knowledge and action and facilitates action learning for each of the students.
The iLab Business Consulting Project is a program that offers special consulting or research under the guidance of teachers from the School of Management, with the aim of helping companies grow by assisting them through the analysis of their specific challenges and the provision of corresponding solutions. The Project brings together multiple consulting groups made up of students from the Fudan MBA program and its international institutional partners, with 3-5 students forming a group. Since its launch in 2005, the Project has undertaken 304 iLab projects through collaborations with 252 Chinese and international firms, delivering positive educational outcomes and social impact.
This year, the Fudan MBA program launched the Fudan MBA iLab Business Challenge, a series of credit-based practical electives for in-service MBA students. During the one-month challenge, corporate partners suggested 2-3 development issues as research topics, 50-100 students then participated in groups to study the issue and propose solutions, while 5-6 teachers from the School of Management provided guidance to each of the groups. Through high-intensity training and a fierce competition model that sparks creative thinking and explores mindsets, the 10-20 participating groups came up with a variety of solutions and presented them to the corporate partners.
Most notably, the 'JOIN' Start-up Competition, founded in 2004, is not only a well-known, unique practical activity platform of the Fudan MBA program but also serves as a platform through which the program's students and alumni showcase their entrepreneurial achievements and receive guidance on entrepreneurship. In 2021, the event attracted entrepreneurs from over 150 higher education institutions in China as well as from nearly 40 universities and colleges abroad alongside 173 entrepreneurial projects, 60 per cent of which involved innovation in technology.
Prof. Lu Xiongwen, dean of the School of Management, Fudan University: It is essential to connect business administration programs with innovation in technology
During the press conference, Fudan University School of Management dean Prof. Lu Xiongwen reviewed the course of development and history of China's business administration programs and affirmed their achievements. "Business administration programs have contributed to China's economic growth and opening-up reform by training a large number of management professionals who have become leaders of foreign-funded companies, private and state-owned Chinese firms as well as Chinese government organizations, further promoting the development of various sectors and exerting a profound impact on the country's economic and social landscape," said Prof. Lu.
"Today, Chinese business administration programs are still hobbled by a number of shortcomings, including a lack of innovation in curriculum theory. We shall look into the future by navigating unprecedented challenges in a more volatile, uncertain, complex, and ambiguous (VUCA) world," indicated Prof. Lu. "Despite the uncertainty in world politics and in economic development, the yearning for a better life is unstoppable and there is an inevitable trend towards China's rise and technological innovation-driven growth. China's business administration programs can be expected to keep up with global trends over the next 20-30 years as the country's economy is bound to continue its rise and draw global attention."
"Military conflicts as well as political and economic competition between countries and regions worldwide are all about the contest of their technological strengths," added Prof. Lu who also highlighted the importance of innovation in technology. "Chinese business schools are advised to pay more attention to innovation in technology so as to help companies enhance their competence in this regard by empowering technology innovation through business administration."
Prof. Zheng Ming, deputy dean of the School of Management, Fudan University: The Fudan MBA program, which celebrates its 31st anniversary this year, leads the way in the Chinese business administration education sector
During the press conference, Fudan University School of Management deputy dean Prof. Zheng Ming reviewed the history (1991-2022) and achievements of the Fudan MBA program. "The program has made remarkable achievements since its launch in 1991," stated Prof. Zheng.
The Fudan MBA program has become a pioneer in MBA education by continuously exploring innovation over the past 31 years. In order to meet domestic demand for management professionals, the program has built a multi-tiered educational system that it is known for the thorough self-exploration of its students and by its capacity to learn from the world's higher education institutions with which the program has established partnerships.
As a pioneer in China's MBA education market, the Fudan MBA program, by leveraging the opportunity presented by the country's comprehensive reform of professional degree education, has delivered innovative outcomes in the areas of curriculum development, action learning, enrollment and international cooperation, including an enhanced curriculum, online prerequisite courses, iLab action learning as well as short- and long-term study abroad programs.
The Fudan MBA program has received a number of honors over the past 31 years, including the top prize at the Ministry of Education's 2001 National Teaching Achievement Awards (High Education) and the highest A+ rating in the country's first educational credential assessment by the Ministry of Education in 2018. In addition, the program entered the Financial Times' Top 100 Global Full-time MBA Programs Ranking in 2013 and moved into the Top 50 in 2015. This year, the program moved up to the 32nd position in the global ranking and first in the regional ranking for mainland China.
Prof. Feng Tianjun, director of Fudan University's MBA program: The program leads the future by setting five educational objectives and making available six educational modules
Fudan MBA program director Prof. Feng Tianjun gave a detailed presentation on the work that went into upgrading the Fudan MBA education system in 2022. He pointed out that with a mission-oriented strategy, the program has been committed to nurturing business and social leaders who are able to change the world and benefit mankind.
In the VUCA era where future leaders must possess three qualities: erudition, spirit of scientific innovation, and a sustainability-oriented mindset, the upgraded Fudan MBA program aims to develop such leaders by focusing on five educational objectives:
1. The ability to grasp comprehensive, systematic cutting-edge theories, tools and methods relating to business administration, and to understand the underlying logic of management;
2. The ability to identify, analyze and address practical management challenges in the complex global business environment and cross-cultural context;
3. The ability to undertake organizational transformation, to predict outcomes and to be a leader;
4. An innovative mindset coupled with an entrepreneurial spirit alongside capabilities at innovation and entrepreneurial practice;
5. ESG awareness and a humanistic mindset.
Based on these objectives, the Fudan MBA program has formulated and put into practice a new education system defined by a pyramid stacking the six modules: laying the foundation, gaining insights into management, broadening horizons, refining professional skills, integrating practice, and leading the future.
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https://www.wibw.com/prnewswire/2022/08/18/fudan-universitys-upgrades-mba-program-with-addition-future-relevant-course-modules/
| 2022-08-18T04:55:49Z
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Biden risks troubled Americas summit in Los Angeles
WASHINGTON (AP) — While President Joe Biden travels in Asia, his administration is scrambling to salvage next month’s summit focused on Latin America.
The Summit of the Americas, which the United States is hosting for the first time since the inaugural event in 1994, has risked collapsing over concerns about the guest list. Mexican President Andrés Manuel López Obrador has threatened to boycott if Cuba, Venezuela and Nicaragua aren’t included. Unlike Washington, which considers the three autocratic governments as pariahs, Mexico’s leftist leader maintains regular ties with them.
A hollow summit would undermine efforts by the U.S. to reassert its influence in Latin America when China is making inroads and concerns grow that democracy is backsliding in the region.
Now Biden is considering inviting a Cuban representative to attend the summit as an observer, according to a U.S. official who declined to be identified while speaking about sensitive deliberations. It’s unclear if Cuba would accept the invitation — which would be extended to someone in the foreign ministry, not the foreign minister himself — and whether that would assuage López Obrador’s concerns.
López Obrador reiterated Friday that he “wants everyone to be invited,” but indicated that he was hopeful about reaching a resolution, adding that “we have a lot of confidence in President Biden and he respects us.”
Even if López Obrador attends, there could still be a notable absence in Los Angeles: Brazil’s Jair Bolsonaro, who leads Latin America’s most populous country, hasn’t said whether he’ll attend.
The uncertainty is a sign of chaotic planning for the summit, which is scheduled to take place in a little more than two weeks in Los Angeles. Normally, gatherings for heads of state are organized long in advance, with clear agendas and guest lists.
“There’s no excuse that they didn’t have enough time,” said Ryan Berg, a senior fellow in the Americas Program at the Center for Strategic and International Studies. “This is our chance to set a regional agenda. It’s a great opportunity. And I’m afraid we’re not going to take it.”
The National Security Council did not respond to a request for comment. Ned Price, speaking for the U.S. State Department, said the first wave of invitations was sent out Thursday, but there could be additions. He declined to say who had gotten invitations.
He said speculation about who was attending was “understandable,” noting that Biden will be the first U.S. president to attend the summit since 2015, when President Barack Obama went to Panama.
President Donald Trump skipped the next summit in Peru in 2018, sending Vice President Mike Pence in his place.
“Our agenda is to focus on working together when it comes to the core challenges that face our hemisphere,” Price said, including migration, climate change and the economic impacts of the coronavirus pandemic.
Cuba’s participation is often a controversial issue for the summit, which has been held every few years and includes countries from Canada to Chile. The island nation was not invited to the first gathering in Miami, but Obama made headlines by shaking hands with Cuban President Raul Castro in Panama.
Questions about Biden’s approach to Latin America are piling up when his attention has been elsewhere. He’s taken a lead in responding to the Russian invasion of Ukraine, helping to forge an international coalition to punish Moscow with sanctions and arm Kyiv with new weapons.
Biden is also trying to refocus U.S. foreign policy on Asia, where he views the rising power of China as the country’s foremost long-term challenge. He’s currently on his first trip to the continent as president, visiting South Korea and Japan.
Berg argued that neglecting Latin America could undermine Biden’s goals, since China has been trying to make inroads in the region.
“It’s always been difficult for Latin America to get its due,” he said. “But we’re pretty close to being in a geopolitical situation where Latin America moves from a strategic asset for us to a strategic liability.”
Instead of putting the finishing touches on the schedule for the Summit of the Americas, administration officials have been racing to ensure it doesn’t devolve into an embarrassment.
Chris Dodd, a former U.S. senator from Connecticut chosen by Biden as a special adviser for the summit, spent two hours on Zoom with López Obrador this week.
There’s also been a steady drip of announcements adjusting U.S. policies toward the region.
For example, the U.S. is moving to ease some economic sanctions on Venezuela.
In addition, administration officials said they would loosen restrictions on U.S. travel to Cuba and allow Cuban immigrants to send more money back to people on the island.
The discussion about Cuba’s potential participation in Los Angeles reflects a difficult diplomatic and political balancing act.
Biden faces pressure to invite Cuba from his counterparts in the region. In addition to López Obrador, Bolivia’s President Luis Arce has threatened to skip the summit.
But Biden risks domestic backlash if Cuba is included, and not just from Republicans. Sen. Robert Menendez, a Cuban American Democrat from New Jersey who heads the Senate Foreign Relations Committee, is an outspoken critic of the Cuban government.
___
Associated Press writer María Verza contributed from Mexico City, and Ellen Knickmeyer contributed from Washington.Copyright 2022 The Associated Press. All rights reserved.
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https://www.mysuncoast.com/2022/05/21/biden-risks-troubled-americas-summit-los-angeles/
| 2022-05-21T05:28:24Z
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Global B2B e-commerce company, Alibaba.com, partners with AliResearch to co-publish a report that reveals telling research on the survival of Micro- Small- and Medium-sized Enterprises (MSMEs) throughout and beyond the pandemic in time for MSME Day 2022.
GENEVA, June 27, 2022 /PRNewswire/ -- To commemorate MSME Day 2022 on June 27, Alibaba.com and AliResearch Institute, Alibaba Group's research arm, published the report "Challenges, Responses, and Transformation of MSMEs in the Post-Pandemic Era". The report takes a multi-focal look at how Micro- Small- and Medium-sized Enterprises (MSMEs) fared through the pandemic to provide a better understanding of what action businesses took in order to survive, revealing key findings that include:
- MSMEs are critical to the global economy, comprising 90% of businesses worldwide and contributing 70%+ of global employment and 50-60% of GDP.
- MSMEs were hit hard by the pandemic, with micro-businesses suffering disproportionately: up to 70% of global MSMEs saw sales decline with two-thirds reporting their sales dropped by 40%.
- MSMEs offline business has been severely disrupted by lack of demand while online sales have skyrocketed; digitization is an effective way for MSMEs to risk-proof their business: the survival rate of MSMEs is 7 percentage points higher in the regions with the highest ecommerce than in those with the lowest.
This research report was led and drafted by Professor Gan Li, an economist at Texas A&M University, and his academic research team, based on key findings from a quantitative survey among MSMEs led by Alibaba.com and AliResearch, as well as studies through a wide variety of relevant public and academic information sources. The report is available in multiple languages and can be downloaded here.
The United Nations General Assembly designated 27 June as Micro-, Small and Medium-sized Enterprises Day (A/RES/71/279) in order to raise awareness of the contribution that small businesses make to sustainable, inclusive and resilient economic growth and, shared prosperity and decent work for all.
One of the most significant observations of the Alibaba.com report is that MSMEs are not only the backbone of the post-pandemic economic recovery but also a key contributor to a more inclusive and diverse economy. According to the report, MSMEs account for 90% of businesses, 70% of employment, and 50~60% of GDP worldwide. In the US, 28% of small businesses are minority-owned, and 33% are women-owned[1].
The research also uncovered that of all MSMEs, the pandemic took the largest toll on smaller MSMEs. This was to be expected since many smaller businesses simply did not have the resources or infrastructure to roll with the punches of repeated shutdowns, local restrictions, shortages, and other issues caused by the pandemic.
Less than a quarter of MSMEs escaped the negative effects of the pandemic-- with only 23.5% of MSMEs not suffering from a decline in sales. Two-thirds of MSMEs had business drop by 40%. These statistics only begin to encompass the effects of the pandemic that has now been going on for over two years,
"We have to recognize that MSMEs are not only critical economic players but their health and prosperity are also critical to a full and sustainable global economic recovery. Consequently, we have released this report to help return MSMEs to the center stage and facilitate broader and more practical discussions about supporting MSMEs and equipping them for greater economic impact." Said Hongbin Gao, Vice-president of Alibaba Group, Head of AliResearch Institute
Digital transformation has proven to be a lifeline to many MSMEs during the pandemic, by reducing their costs, providing timely access to information, optimizing workflows, and expanding into new markets. Although e-commerce was already very popular in retail, the pandemic has sped up its adoption in the wholesale and manufacturing industries.
The research revealed that the survival rate of MSMEs is 7 percentage points higher in the regions with the highest e-commerce penetration than in those with the lowest. In addition, the economic downturn was less severe in regions with higher e-commerce penetration rates.
Andrew Zheng, Vice-President of Alibaba.com, said, "The pandemic has changed global trade forever. There is no denying that businesses and individuals have suffered tremendously. However, the creativity and ingenuity that MSMEs have put into action to overcome the many hurdles created by the pandemic are nothing short of impressive. E-commerce may have served as a survival mechanism throughout the pandemic, but moving forward, it will remain a valuable tool for global trade. Social selling, live commerce, virtual trade shows, and request for quotation (RFQ) marketplaces allow sellers to get creative in how they reach their audiences and make it easier for them to connect with their ideal clients. Through digitization, MSMEs can also easily access insights related to internet traffic, demand forecasting, and other key analytics that empower them to make better decisions for their businesses."
About Alibaba.com
The first business unit of Alibaba Group, Alibaba.com is a leading platform for global B2B e-commerce that aims to make it easy to do business anywhere. Launched in 1999, Alibaba.com is engaged in services covering all aspects of commerce, including providing businesses with tools that help reach a global audience for their products and helping buyers discover products, find suppliers, and place orders online fast and efficiently. It serves millions of buyers and suppliers from over 200 countries and regions around the world.
About AliResearch Institute
Established in 2007, AliResearch serves as a platform to consolidate efforts from enterprises, academics and research institutions to help market players and industries to accelerate digital transformation.
As the research arm of Alibaba Group, AliResearch has been closely tracking the constant changes and innovations brought by the new era of digital technology.
Aided by a full spectrum of innovative use cases stemming from Alibaba's ecosystem, the institute stays at the forefront of producing insightful thinking and crucial findings on the country's fast developing digital economy.
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https://www.kxii.com/prnewswire/2022/06/27/alibabacom-report-finds-msmes-be-backbone-post-pandemic-economy/
| 2022-06-27T14:35:34Z
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Stand-alone model of high-end digital compact camera with metallic-gray finish available in late July
PARSIPPANY, N.J., July 6, 2022 /PRNewswire/ -- Ricoh Imaging Americas Corporation today announced the RICOH GR IIIx Urban Edition. Previously announced as a part of the RICOH GR IIIx Urban Edition Special Limited Kit, the camera can now be purchased on its own. The RICOH GR IIIx Urban Edition camera body will be available in late July at www.us.ricoh-imaging.com as well as at Ricoh Imaging-authorized retail outlets for the manufacturer's suggested retail price of $1,049.95.
| Main features of the RICOH GR IIIx Urban Edition |
The RICOH GR IIIx Urban Edition camera body is accented by a navy-blue ring around the lens barrel. This color was selected to represent typical street shooter imagery such as deep blue skies reflected in a puddle following a rainfall or the bright neon signs of a never-sleeping city. The camera body is finished in metallic gray, reminiscent of the gritty tones of the urban landscape. This unique exterior finish requires a multi-coat process, which results in the camera's distinctive appearance and smooth texture. The coating also helps to make it easier for a photographer to get a firm grip on the camera.
This camera also features the functions that were announced for the Limited Edition Kit. These are:
- Snap Distance Priority mode*, a new exposure setting: Once the preferred distance for snapshots and the desired depth of field (DOF) are set in advance, the camera lets the user quickly and easily recall these settings. This setting is programmed to select the aperture, providing the depth of field used in pan-focus photography, making it particularly handy for quick snapshot photography.
- Auto Area AF (Center) focus mode*: Instead of covering the entire image field, this mode operates only in nine focus zones around the center of the image field, preventing the camera from focusing on unintended elements, such as a grassy field in the foreground of an image.
- Enable AF mode shutter-release capability: When the shutter-release button is pressed halfway down, the user can lock the AF system only, without locking the AE system.
- Snapshot mode: A distance setting of 11.5 feet (3.5 meters) has been added to the Snapshot mode; and a long press on the monitor during playback allows the user to instantly recall the playback function selection menu.
* These functions are also available for the standard GR IIIx model with the installation of function expansion firmware (Published).
When the camera's power is turned off, the camera displays an original shut-down screen featuring the product logo and a street-view image symbolizing the package's urban-oriented concept.
Note: The camera's other specifications are identical with those of the standard GR IIIx model.
| About Ricoh Imaging Americas Corporation |
Ricoh Imaging Americas Corporation is a subsidiary of Ricoh Company Ltd., a global technology company specializing in office imaging equipment, production print solutions, document management systems and IT services. Headquartered in Tokyo, Ricoh Company Ltd. Is part of Ricoh Group, which operates in about 200 countries and regions.
The company operating now as Ricoh Company Ltd. was originally founded in 1919, under the name Asahi Optical Joint Stock Co. and launched its first SLR camera in the 1950s under the PENTAX name. Today, the company continues to produce the heritage-rich, award-winning line of PENTAX DSLR cameras, lenses and sport optics equipment as well as Ricoh's offering of stylish and compact digital cameras, known for their wide-ranging, rich set of features.
For further information, please visit www.us.ricoh-imaging.com
© 2022 Ricoh Imaging Americas Corporation. All rights reserved. All referenced product names are the trademarks of their respective companies.
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https://www.wibw.com/prnewswire/2022/07/06/ricoh-announces-ricoh-gr-iiix-urban-edition/
| 2022-07-06T22:44:36Z
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LOS ANGELES, June 20, 2022 /PRNewswire/ -- Primestor Development is pleased to announce and welcome Target as the anchor retail tenant of the mixed-use development, Evermont, to support the reinvigoration of 4.2 acres of what has been vacant land for over 30 years at the intersection of Vermont and Manchester Avenue in South Los Angeles.
Target will cover 40,000 sq ft of the mixed-use development and will be positioned next to 180 affordable homes for seniors and families, and retail stores, a landscaped public transit plaza, a Metro training facility, plus improved pedestrian and cycling connections to other community facilities; addressing the needs of a neighborhood that has been historically marginalized and underserved of resources.
"We are proud to welcome Target to Evermont where they will provide permanent jobs and strategic partnerships to uplift local small businesses. Target is coming to the table ready to learn, innovate, and build with our local community partners to ensure that this location is helping to meet the neighborhood need for access to healthy foods along with job opportunities." – Los Angeles County Board of Supervisors Chair, Holly J. Mitchell, representing the Second District.
The Evermont project will support the community with an estimated 155 full-time jobs, and during the construction of Evermont itself, provide an estimated 120 new job and training opportunities for the local workforce. Evermont is located along the Vermont Corridor and is home to the second busiest transit stop in the entire L.A. Metro system, making it accessible to many surrounding communities. Target will be located at 8500 S Vermont Ave LA, CA 90044.
Arturo Sneider, CEO, Primestor – " At the heart of this dynamic and proud community, with Target as its anchor, Evermont will provide essential services, stimulate the local economy by creating local jobs, facilitating workforce development, connecting public transportation and sponsoring year-round activities for its residents."
Since 2018, Primestor has engaged with the community to create a shared vision for the site, including its name: "Evermont." The name was chosen to honor the evolving legacy of South Los Angeles and celebrate a future of new possibilities. The build-out commenced earlier this year with the development of SEED LA, a public boarding school. Construction at Evermont is anticipated to be complete in 2024.
For more information on Evermont, visit www.evermontsouthla.com follow on social media @evermontsouthla on Instagram and Facebook, or contact Community Outreach Director, Claudia Cardenas at ccardenas@primestor.com
Supervisor Holly J. Mitchell currently serves as Chair of the Los Angeles County Board of Supervisors. As the daughter of parents who were public servants and a third-generation Angeleno, Mitchell leads with a deep understanding of the vital safety net LA County provides to millions of families and is committed to ensuring that all residents can thrive.
Culver City-based Primestor Development, is a purpose-driven developer with a mission to unite, empower, and inspire communities to achieve their highest potential. Established in 1991, Primestor has become a retail sector leader that focuses on leasing, property management, development, construction management, rehabilitation, and acquisitions.
Media Contact:
Shajira Hope
323.806.3235
SHope@primestor.com
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https://www.wibw.com/prnewswire/2022/06/20/primestor-development-excited-welcome-leading-national-retailer-its-evermont-anchor-retail-tenant/
| 2022-06-20T14:41:59Z
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Shared high-performance computing and advanced networking funding from National Science Foundation this year aims to boost STEM education and other technology resources for minority and smaller higher education institutions in North Carolina
RESEARCH TRIANGLE PARK, N.C., Sept. 14, 2022 /PRNewswire/ -- Davidson College, Duke University and North Carolina Central University (NCCU), in collaboration with MCNC, today announced that the newly-created North Carolina Shared Research & Education collaborative infrastructure (NCShare) has received two National Science Foundation (NSF) grants totaling approximately $1.4 million to provide high-speed research network capacity, support high-performance computing, and boost STEM education to at least eight minority-serving, smaller, or mid-sized institutions of higher education throughout North Carolina.
The first NSF award (Abstract #2201525 for CC* Regional: NCShare Science DMZ) is for $984,868 and spans two years in order to establish a parallel science network infrastructure to interconnect campus researchers to external sites with a speed and style of connectivity that is typically only available at large research universities. Rather than each participant needing to build their own science network infrastructure, this project builds a shared, regionally-based network operating on MCNC's existing state-wide research and education network. The result is expected to lower costs, require fewer campus support personnel, and provide fast and unrestricted data movement to multiple institutions. This virtualized approach increases accessibility of high-speed data-driven research by democratizing access to advanced cyberinfrastructure, enhancing research productivity, promoting collaboration, and reducing the time required for scientific discoveries at participating minority-serving and smaller institutions. Duke University Chief Information Officer (CIO) Tracy Futhey is the principal investigator (PI) for the project supported by co-PIs Davidson College CIO Kevin Davis, NCCU CIO Leah Kraus and Director of the Julius L. Chambers Biomedical/Biotechnology Research Institute Deepak Kumar, and MCNC President and CEO Tracy Doaks.
"The NCShare partnership is an important step towards addressing historical IT infrastructure inequities at minority-serving institutions such as North Carolina Central University and preparing a diverse STEM/high computing workforce of the future," said Deepak Kumar, Ph.D., who also serves as interim associate provost and dean of Research and Sponsored Programs at NCCU. "The proposed infrastructure will foster collaborative and multidisciplinary research in areas such as big data and high-performance computing in genomics, drug discovery, clinical care and public health."
The second NSF award (Abstract #2201105 for CC* Compute: NCShare Compute as a Service) is for $397,557 and also is a two-year grant that dovetails the work above but focuses on creating a shared computing environment supporting a common set of software and services, with priority use by Davidson, NCCU, and other North Carolina minority-serving and smaller institutions. The project leverages MCNC's high-speed, high-bandwidth network and Duke's already mature capability in automated provisioning, software containerization and advanced networking, which will accelerate implementation and make computation and powerful software environments quickly available to researchers, educators and students in the region.
As a result, faculty at participating institutions will benefit from having access to tools and services that ease the delivery of customized computing systems to meet their research needs and enable easy access to powerful tools for students. By starting from a common base environment and then supporting customizations that can meet the specific research and education demands of participating institutions, this project provides hands-on opportunities for students to use advanced science capabilities and software environments. Charley Kneifel, Chief Technology Officer at Duke's Office of Information Technology, is the PI for the project supported by co-PIs Duke's Tracy Futhey, NCCU's Leah Kraus and Davidson's Kevin Davis.
"North Carolina Central University is proud to partner with Davidson College and Duke University to enhance the overall academic experience and intellectual climate for our respective community members," said David H. Jackson, Jr., NCCU provost and vice chancellor for academic affairs. "Through making our data infrastructure and software access more robust, this collaboration will assist us in fulfilling our Eagle Promise with innovative research opportunities that prepare our students to graduate on time with leadership skills, global relevance, and employment or acceptance to graduate and professional schools."
"NCShare's assistance to current and future faculty and students with teaching, learning and research will be especially important to Davidson and other small North Carolina colleges and universities like us," said Shelley Rigger, interim vice president for academic affairs at Davidson College. "We don't have the resources or the demand to invest in technology at this level for ourselves alone. The funding provided by the NSF enables us to partner with North Carolina institutions as we invest in high-power computing to turbocharge undergraduate research."
MCNC owns and operates the North Carolina Research and Education Network (NCREN), one of America's longest-running regional research and education networks, providing high-performance networking services for education, research, libraries, health care, public safety, and other community anchor institutions throughout state. This network is the fundamental broadband infrastructure for more than 850 of these institutions (including all public K-20 education) in North Carolina.
"This is a big moment," said MCNC's Tracy Doaks. "Our incredible minority and smaller institutions of higher education throughout North Carolina play a key role in our state's overarching digital equity and inclusion plans; they are hubs for innovation and economic opportunity in their communities. For over 40 years MCNC has been a trusted collaborator offering technology solutions and advanced networking to connect North Carolina. We are pleased to continue our long tradition of supporting important efforts such as this one."
A virtual information session is scheduled Oct. 20 for those interested in these projects and want to learn more.
About NCShare
The North Carolina Shared Research and Education (NCShare) infrastructure provides access to networking, scientific and statistical computing services to minority-serving institutions and smaller to mid-sized institutions of higher education in North Carolina, encompassing both private and public institutions. The program establishes a parallel research network infrastructure (a Science DMZ) to interconnect campus researchers to external sites. NCShare is a shared, regionally-based network operating on MCNC's existing state-wide research and education network, rather than as a separate infrastructure. The result is expected to lower costs, require fewer campus support personnel, and provide fast and unrestricted data movement to multiple institutions. NCShare is a joint effort established by Duke University, Davidson College, North Carolina Central University and MCNC. Additional information is available at www.ncshare.org.
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https://www.kxii.com/prnewswire/2022/09/14/introducing-ncshare/
| 2022-09-14T20:37:53Z
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Regeneron's press release reporting its second quarter 2022 results is also available on its media and investor relations website (http://newsroom.regeneron.com)
- Second quarter 2022 revenues decreased 44% to $2.86 billion versus second quarter 2021; excluding REGEN-COV®(a)(b), revenues increased 20%
- Second quarter 2022 EYLEA® U.S. net sales increased 14% versus second quarter 2021 to a record $1.62 billion
- Second quarter 2022 Dupixent® global net sales(c)(recorded by Sanofi) increased 40% to $2.09 billion versus second quarter 2021
- Second quarter 2022 GAAP diluted EPS of $7.47; non-GAAP diluted EPS(a) of $9.77 including unfavorable $1.71 impact from acquired IPR&D charges
- FDA approved Dupixent for atopic dermatitis in children aged 6 months to 5 years and eosinophilic esophagitis in adults and adolescents; FDA priority review granted for prurigo nodularis
- Encouraging preliminary anti-tumor activity observed for novel investigational PSMAxCD28 costimulatory bispecific antibody in combination with Libtayo® in advanced metastatic castration-resistant prostate cancer
- Strengthened commitment to oncology through purchase of Sanofi's stake in Libtayo and acquisition of Checkmate Pharmaceuticals
TARRYTOWN, N.Y., Aug. 3, 2022 /PRNewswire/ -- Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) today announced financial results for the second quarter of 2022 and provided a business update.
"The second quarter of 2022 was distinguished by record net product sales of EYLEA, Dupixent, and Libtayo, as well as multiple regulatory achievements for Dupixent, including U.S. approvals for atopic dermatitis among very young patients and for eosinophilic esophagitis in adults and adolescents, as well as European approval for pediatric asthma," said Leonard S. Schleifer, M.D., Ph.D., President and Chief Executive Officer of Regeneron. "In addition, we have continued to strengthen our oncology franchise, including through the purchase of worldwide rights to Libtayo as well as encouraging but preliminary anti-tumor activity observed at higher doses of our novel PSMAxCD28 costimulatory bispecific in combination with Libtayo for advanced metastatic castration-resistant prostate cancer."
Financial Highlights
"We are pleased with our second quarter 2022 financial performance, including 20% revenue growth when excluding contributions from REGEN-COV. This demonstrates the continued strength of our core business," said Robert E. Landry, Executive Vice President, Finance and Chief Financial Officer of Regeneron. "Additionally, we updated our full-year 2022 financial guidance primarily to reflect the recently completed acquisition of Libtayo global rights from Sanofi, a transaction that we believe will deliver significant shareholder value over time. In the second half of 2022, we look forward to advancing our pipeline with important clinical data readouts in oncology and ophthalmology as well as continued commercial execution and prudent capital allocation to drive value creation for shareholders."
Business Highlights
Key Pipeline Progress
Regeneron has approximately 35 product candidates in clinical development, including a number of marketed products for which it is investigating additional indications. Updates from the clinical pipeline include:
Dupixent® (dupilumab)
- In June 2022, the U.S. Food and Drug Administration (FDA) approved Dupixent as the first biologic medicine for children aged 6 months to 5 years with moderate-to-severe atopic dermatitis.
- In May 2022, the FDA approved Dupixent for adults and adolescents aged 12 years and older with eosinophilic esophagitis (EoE).
- In April 2022, the European Commission (EC) approved Dupixent for the treatment of severe asthma in children aged 6 to 11 years.
- The Company and Sanofi announced positive results from a Phase 3 trial in children aged 1 to 11 years with EoE. The trial met its primary endpoint of histological disease remission at 16 weeks with both higher and lower dose weight-tiered regimens.
- The FDA accepted for priority review the supplemental Biologics License Application (sBLA) for Dupixent for adults with prurigo nodularis, with a target action date of September 30, 2022. Regulatory applications have also been submitted in the European Union (EU) and Japan.
EYLEA® (aflibercept) Injection
- The FDA accepted for review the sBLA for EYLEA for an every-16-weeks dosing regimen in patients with diabetic retinopathy (DR), with a target action date of February 28, 2023.
REGN5678, a PSMAxCD28 costimulatory bispecific antibody
- Reported preliminary, first-in-human data in combination with Libtayo® in patients with advanced metastatic castration-resistant prostate cancer.
Antibodies to SARS-CoV-2 virus
- The Company is continuing to progress investigational "next generation" antibodies that are active against multiple variants including those of Omicron-lineage.
REGN5381, an agonist antibody to NPR1
- A Phase 2 study in heart failure was initiated.
Corporate and Business Development Updates
- In May 2022, the Company completed its acquisition of Checkmate Pharmaceuticals, Inc. for a total equity value of approximately $250 million. In connection with the acquisition, the Company obtained the rights to vidutolimod (immune activator targeting TLR9), which is in clinical development for oncology.
- Effective July 1, 2022, the Company obtained the exclusive right to develop, commercialize, and manufacture Libtayo worldwide under an Amended and Restated Immuno-oncology License and Collaboration Agreement with Sanofi. Under the terms of the agreement, the Company made a $900 million up-front payment, and Sanofi is eligible to receive a $100 million regulatory milestone and up to an aggregate of $100 million in sales-based milestones upon achieving certain amounts of worldwide net product sales of Libtayo through 2023. The Company will also pay Sanofi a royalty on net product sales of Libtayo.
- Also effective July 1, 2022, the Company will increase from 10% to 20% the share of its profits that are paid to Sanofi in connection with the development balance reimbursement under the antibody collaboration.
Second Quarter 2022 Financial Results
Revenues
Total revenues decreased by 44% to $2.857 billion in the second quarter of 2022, compared to $5.139 billion in the second quarter of 2021. Total revenues excluding REGEN-COV and Ronapreve(b) revenues for both periods increased by 20% to $2.849 billion in the second quarter of 2022, compared to the second quarter of 2021(a). There have been no sales of REGEN-COV in the United States during 2022 as the Company had completed its final deliveries of drug product under its agreements with the U.S. government as of December 31, 2021.
Sanofi collaboration revenue increased by 55% to $678 million in the second quarter of 2022, compared to the second quarter of 2021. This increase was primarily due to the Company's share of profits from commercialization of antibodies, which were $497 million in the second quarter of 2022, compared to $328 million in the second quarter of 2021. The change in the Company's share of profits from commercialization of antibodies was driven by higher Dupixent profits. Roche collaboration revenue decreased in the second quarter of 2022, compared to the second quarter of 2021, due to lower sales of Ronapreve.
Refer to Table 4 for a summary of collaboration revenue.
Operating Expenses
- GAAP and non-GAAP R&D expenses increased in the second quarter of 2022, compared to the second quarter of 2021, primarily due to higher headcount and headcount-related costs and an increase in clinical manufacturing activities, partly offset by lower costs incurred in connection with REGEN-COV development activities.
- Acquired IPR&D in the second quarter of 2022 included a $195 million charge related to the Company's acquisition of Checkmate Pharmaceuticals.
- The increase in GAAP and non-GAAP SG&A expenses in the second quarter of 2022, compared to the second quarter of 2021, was primarily due to higher headcount and headcount-related costs and an increase in commercialization-related expenses for EYLEA, partly offset by costs in 2021 for educational campaigns related to COVID-19 that did not recur in 2022.
- GAAP and non-GAAP COGS decreased in the second quarter of 2022, compared to the second quarter of 2021, primarily due to the Company not recognizing any REGEN-COV net product sales in the United States during 2022.
Other Financial Information
GAAP other income (expense) included the recognition of net unrealized losses on equity securities of $164 million in the second quarter of 2022, compared to $409 million of net unrealized gains in the second quarter of 2021.
In the second quarter of 2022, the Company's GAAP effective tax rate (ETR) was 11.5%, compared to 17.4% in the second quarter of 2021. The decrease in the GAAP ETR was primarily driven by the proportion of income earned in foreign jurisdictions with tax rates lower than the U.S. federal statutory rate, the impact of income earned in the United States during 2021 related to REGEN-COV, and, to a lesser extent, stock-based compensation. In the second quarter of 2022, the non-GAAP ETR was 13.6%, compared to 17.0% in the second quarter of 2021.
GAAP net income per diluted share was $7.47 in the second quarter of 2022, compared to $27.97 in the second quarter of 2021. Non-GAAP net income per diluted share was $9.77 in the second quarter of 2022, compared to $25.80 in the second quarter of 2021. A reconciliation of the Company's GAAP to non-GAAP results is included in Table 3 of this press release.
During the second quarter of 2022, the Company repurchased shares of common stock under its share repurchase program, and recorded the cost of the shares received, or $394 million, as Treasury Stock. As of June 30, 2022, $2.099 billion remained available for share repurchases under the program.
2022 Financial Guidance(d)
The Company's full year 2022 financial guidance consists of the following components (inclusive of updates made in connection with the Company's purchase of Sanofi's stake in Libtayo and acquisition of Checkmate Pharmaceuticals):
A reconciliation of full year 2022 GAAP to non-GAAP financial guidance is included below:
Conference Call Information
Regeneron will host a conference call and simultaneous webcast to discuss its second quarter 2022 financial and operating results on Wednesday, August 3, 2022, at 8:30 AM Eastern Time. Participants may access the conference call live via webcast, or register in advance and participate via telephone, on the "Investors and Media" page of Regeneron's website at http://www.regeneron.com. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique passcode and registrant ID that can be used to access the call. A replay of the conference call and webcast will be archived on the Company's website for at least 30 days.
About Regeneron Pharmaceuticals, Inc.
Regeneron is a leading biotechnology company that invents, develops, and commercializes life-transforming medicines for people with serious diseases. Founded and led for nearly 35 years by physician-scientists, Regeneron's unique ability to repeatedly and consistently translate science into medicine has led to numerous FDA-approved treatments and product candidates in development, almost all of which were homegrown in Regeneron's laboratories. Regeneron's medicines and pipeline are designed to help patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, pain, hematologic conditions, infectious diseases, and rare diseases.
Regeneron is accelerating and improving the traditional drug development process through its proprietary VelociSuite® technologies, such as VelocImmune®, which uses unique genetically-humanized mice to produce optimized fully-human antibodies and bispecific antibodies, and through ambitious research initiatives such as the Regeneron Genetics Center®, which is conducting one of the largest genetics sequencing efforts in the world.
For additional information about Regeneron, please visit http://www.regeneron.com or follow @Regeneron on Twitter.
Forward-Looking Statements and Use of Digital Media
This press release includes forward-looking statements that involve risks and uncertainties relating to future events and the future performance of Regeneron Pharmaceuticals, Inc. ("Regeneron" or the "Company"), and actual events or results may differ materially from these forward-looking statements. Words such as "anticipate," "expect," "intend," "plan," "believe," "seek," "estimate," variations of such words, and similar expressions are intended to identify such forward-looking statements, although not all forward-looking statements contain these identifying words. These statements concern, and these risks and uncertainties include, among others, the impact of SARS-CoV-2 (the virus that has caused the COVID-19 pandemic) on Regeneron's business and its employees, collaborators, and suppliers and other third parties on which Regeneron relies, Regeneron's and its collaborators' ability to continue to conduct research and clinical programs, Regeneron's ability to manage its supply chain, net product sales of products marketed or otherwise commercialized by Regeneron and/or its collaborators or licensees (collectively, "Regeneron's Products"), and the global economy; the nature, timing, and possible success and therapeutic applications of Regeneron's Products and product candidates being developed by Regeneron and/or its collaborators or licensees (collectively, "Regeneron's Product Candidates") and research and clinical programs now underway or planned, including without limitation EYLEA® (aflibercept) Injection, Dupixent® (dupilumab), Libtayo® (cemiplimab), Praluent® (alirocumab), Kevzara® (sarilumab), Evkeeza® (evinacumab), fasinumab, REGEN-COV® (casirivimab and imdevimab), aflibercept 8 mg, pozelimab, odronextamab, itepekimab, fianlimab, REGN5458, REGN5713-5714-5715, REGN1908-1909, Regeneron's other oncology programs (including its costimulatory bispecific portfolio), Regeneron's and its collaborators' earlier-stage programs, and the use of human genetics in Regeneron's research programs; the likelihood and timing of achieving any of the anticipated milestones described in this press release; safety issues resulting from the administration of Regeneron's Products and Regeneron's Product Candidates in patients, including serious complications or side effects in connection with the use of Regeneron's Products and Regeneron's Product Candidates in clinical trials; the likelihood, timing, and scope of possible regulatory approval and commercial launch of Regeneron's Product Candidates and new indications for Regeneron's Products, including those listed above and/or otherwise discussed in this press release; the extent to which the results from the research and development programs conducted by Regeneron and/or its collaborators may be replicated in other studies and/or lead to advancement of product candidates to clinical trials, therapeutic applications, or regulatory approval; ongoing regulatory obligations and oversight impacting Regeneron's Products, research and clinical programs, and business, including those relating to patient privacy; determinations by regulatory and administrative governmental authorities which may delay or restrict Regeneron's ability to continue to develop or commercialize Regeneron's Products and Regeneron's Product Candidates; competing drugs and product candidates that may be superior to, or more cost effective than, Regeneron's Products and Regeneron's Product Candidates; uncertainty of the utilization, market acceptance, and commercial success of Regeneron's Products and Regeneron's Product Candidates and the impact of studies (whether conducted by Regeneron or others and whether mandated or voluntary) or recommendations and guidelines from governmental authorities and other third parties on the commercial success of Regeneron's Products and Regeneron's Product Candidates; the ability of Regeneron to manufacture and manage supply chains for multiple products and product candidates; the ability of Regeneron's collaborators, suppliers, or other third parties (as applicable) to perform manufacturing, filling, finishing, packaging, labeling, distribution, and other steps related to Regeneron's Products and Regeneron's Product Candidates; the availability and extent of reimbursement of Regeneron's Products from third-party payers, including private payer healthcare and insurance programs, health maintenance organizations, pharmacy benefit management companies, and government programs such as Medicare and Medicaid; coverage and reimbursement determinations by such payers and new policies and procedures adopted by such payers; unanticipated expenses; the costs of developing, producing, and selling products; the ability of Regeneron to meet any of its financial projections or guidance and changes to the assumptions underlying those projections or guidance, including GAAP and non-GAAP R&D, GAAP and non-GAAP SG&A, GAAP and non-GAAP gross margin on net product sales, COCM, other operating (income) expense, net, capital expenditures, and GAAP and non-GAAP ETR; the potential for any license or collaboration agreement, including Regeneron's agreements with Sanofi, Bayer, and Teva Pharmaceutical Industries Ltd. (or their respective affiliated companies, as applicable), to be cancelled or terminated; and risks associated with intellectual property of other parties and pending or future litigation relating thereto (including without limitation the patent litigation and other related proceedings relating to EYLEA, Dupixent, Praluent, and REGEN-COV), other litigation and other proceedings and government investigations relating to the Company and/or its operations (including the pending civil litigation initiated by the U.S. Attorney's Office for the District of Massachusetts), the ultimate outcome of any such proceedings and investigations, and the impact any of the foregoing may have on Regeneron's business, prospects, operating results, and financial condition. A more complete description of these and other material risks can be found in Regeneron's filings with the U.S. Securities and Exchange Commission, including its Form 10-K for the fiscal year ended December 31, 2021 and its Form 10-Q for the quarterly period ended June 30, 2022. Any forward-looking statements are made based on management's current beliefs and judgment, and the reader is cautioned not to rely on any forward-looking statements made by Regeneron. Regeneron does not undertake any obligation to update (publicly or otherwise) any forward-looking statement, including without limitation any financial projection or guidance, whether as a result of new information, future events, or otherwise.
Regeneron uses its media and investor relations website and social media outlets to publish important information about the Company, including information that may be deemed material to investors. Financial and other information about Regeneron is routinely posted and is accessible on Regeneron's media and investor relations website (http://newsroom.regeneron.com) and its Twitter feed (http://twitter.com/regeneron).
Non-GAAP Financial Measures
This press release and/or the financial results attached to this press release include amounts that are considered "non-GAAP financial measures" under SEC rules. As required, Regeneron has provided reconciliations of such non-GAAP financial measures.
SOURCE Regeneron Pharmaceuticals, Inc.
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https://www.mysuncoast.com/prnewswire/2022/08/03/regeneron-reports-second-quarter-2022-financial-operating-results/
| 2022-08-03T11:42:33Z
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OAKLAND, Calif., April 25, 2022 /PRNewswire/ -- Callisto Media, one of the world's fastest growing tech/media companies, today announced Patrick Yee will join the company as its Chief Marketing Officer.
"Over the last ten years, Callisto's AI / data-driven approach has helped us to become one of the largest content providers in the publishing space—and now we have the opportunity to expand our reach to more extensive and diverse audiences around the world. Patrick's deep expertise with consumer data and razor-sharp focus on the consumer is a perfect fit for this next stage of company hypergrowth," said Benjamin Wayne, CEO of Callisto Media. "I am confident that Patrick's expertise and impressive track record of connecting premier brands with their customers in innovative ways will be transformational."
Patrick has held several leadership roles across various direct-to-consumer and media brands and agencies. Most recently, he was Chief Strategy Officer at Rebel Ventures, a sports marketing agency working with Real Madrid and Wimbledon. Prior to that, he was Chief Marketing Officer of Daily Harvest, where he helped to triple monthly online subscription revenue, and he was CEO of Laird & Partners, a luxury brand and creative agency. Patrick was an early partner and CMO at Refinery29, where he led and scaled growth, marketing and strategy for over 8 years. Patrick also serves on the Board of Directors of Apex for Youth, a non-profit focused on mentorship and education programs for underprivileged Asian American youth.
"Callisto has revolutionized the way to both identify what people want and create content to match those needs. Callisto is naturally tooled to give voice to a more diverse group of authors, creators and topics, which is powerful in this time of representation. I'm excited to join the team at Callisto to create one of the most diverse, impactful and valuable media companies in the world." said Patrick Yee.
About Callisto Media
Callisto Media is a technology and media company that is revolutionizing the way content is created. Callisto leverages Big Data, AI, and lean economics to profitably serve the unmet needs of mass niche audiences. We create high-quality content at scale, and since inception in 2011, we have served more than 50 million individuals creating one of the world's largest and fastest-growing media companies.
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SOURCE Callisto Media
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https://www.wibw.com/prnewswire/2022/04/25/callisto-media-announces-chief-marketing-officer-company-continues-build-impressive-leadership-team-next-phase-growth/
| 2022-04-25T15:06:17Z
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FORT LAUDERDALE, Fla. (AP) — Dwayne Haskins was working on a second chapter for his young NFL career. The 24-year-old quarterback was spending time with some teammates with the Pittsburgh Steelers, getting ready to compete for a starting job.
That’s when his life was cut short.
Haskins was killed early Saturday morning when he was hit by a dump truck while he was walking on a South Florida highway. Florida Highway Patrol spokeswoman Lt. Indiana Miranda said Haskins was pronounced dead at the scene.
“He was attempting to cross the westbound lanes of Interstate 595 when there was oncoming traffic,” Miranda said in an emailed statement.
Miranda didn’t say why Haskins was on the highway at the time. The accident caused the highway to be shut down for several hours, and Miranda said it’s “an open traffic homicide investigation.”
A 2019 first-round draft pick by Washington, Haskins was released by the team after going 3-10 over two seasons. He was signed by Pittsburgh as a developmental QB, but he didn’t appear in a game last season.
Haskins appeared to be in South Florida this week with several teammates, including fellow quarterback Mitch Trubisky, running back Najee Harris and tight end Pat Freiermuth.
Haskins’ death sparked an outpouring of grief from multiple corners of the NFL, particularly from former teammates with the Steelers and Commanders.
“I am devastated and at a loss for words with the unfortunate passing of Dwayne Haskins,” Steelers coach Mike Tomlin said. “He quickly became part of our Steelers family upon his arrival in Pittsburgh and was one of our hardest workers, both on the field and in our community. Dwayne was a great teammate, but even more so a tremendous friend to so many. I am truly heartbroken.
“Our thoughts and prayers are with his wife, Kalabrya, and his entire family during this difficult time.”
Washington coach Ron Rivera said he was “absolutely heartbroken” to learn of Haskins’ death.
“Dwayne was a talented young man who had a long life ahead of him,” Rivera said in a release. “This is a very sad time and I am honestly at a loss for words. I know I speak for the rest of our team in saying he will be sorely missed. Our entire team is sending our heartfelt condolences and thoughts and prayers to the Haskins family at this time.”
Ohio State posted a photo of Haskins on its Twitter feed, topped by the description “Leader. Legend. Forever a Buckeye.”
At Ohio State, Haskins set single-season records for touchdowns passing with 50 and yards passing with 4,831. He was the 2019 Rose Bowl MVP as the Buckeyes went 13-1.
Ohio State coach Ryan Day, who was the quarterbacks coach during Haskins’ final season at the school, called Haskins’ death “beyond tragic.”
“For those who knew him closely, he was much more than a great football player,” Day posted on Twitter. “He had a giant heart, old soul and an infectious smile. The Ohio State community and our entire football program are heartbroken.”
The Steelers gave Haskins a chance to resurrect his career in January 2021 when they signed him a month after being released by Washington. Humbled by the decision, Haskins stressed he was eager to work hard and absorb as much as he could from Ben Roethlisberger and Mason Rudolph.
Haskins made the roster as the third-stringer but only dressed once, serving as the backup in a tie with Detroit after Roethlisberger was placed into the COVID-19 protocol the night before the game.
“The world lost a great person today,” Steelers star T.J. Watt posted on Twitter. “When Dwayne first walked into the locker room I could tell he was an upbeat guy. He was always making people smile, never taking life for granted.”
Tomlin and general manager Kevin Colbert both praised Haskins for his improvement since joining the team, and the Steelers re-signed him to a one-year deal as a restricted free agent in March. He was expected to compete with Rudolph and Trubisky at training camp.
“Dwayne meant so much to so many people,” Steelers defensive lineman Cameron Heyward posted on Twitter. “His smile was infectious and he was a guy you wanted to be around. We are all in shock about losing him. We are going to miss the heck out of him as well. We lost you way too early. Luckily I got a chance to get to know you. RIP DH.”
ESPN was the first to report Haskins had died.
“Devastated,” Rudolph said on social media.
___
More AP NFL: https://apnews.com/hub/nfl and https://apnews.com/hub/pro-32 and https://twitter.com/AP_NFL
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https://cw33.com/sports/ap-sports/steelers-qb-dwayne-haskins-killed-in-auto-accident/
| 2022-04-09T19:09:30Z
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TAMPA, Fla. (WFLA) — Activity is ramping up in the Atlantic as we head into September and get closer to the statistical peak of hurricane season, and the National Hurricane Center says it’s likely at least one of the three disturbances it’s tracking will develop this week.
The Atlantic basin saw a long stretch of little to no activity for about the past two months. According to Dr. Philip Klotzbach, a meteorologist with Colorado State University, this year marked the first time since 1941 that there were no named storms in the Atlantic from July 3 through Aug. 30.
The last named storm in the Atlantic was Tropical Storm Colin, which formed over South Carolina on July 2. The NHC says it’s likely at least one of the three disturbances meteorologists are monitoring – Invest 91L, Invest 93L and an area of low pressure off the coast of Africa – will become a tropical depression later this week.
Invest 91L
The NHC has been monitoring Invest 91L all week, and it’s the main disturbance meteorologists are keeping an eye on because it has the highest chance of formation. As of Wednesday, the NHC gives it a medium 60 percent chance of formation in 48 hours and a high 80 percent chance of formation through the next five days.
Invest 91L is an area of low pressure that’s associated with showers and thunderstorms several hundred miles east of the Lesser Antilles. The NHC says gradual development is forecast in the coming days despite environmental conditions being only “marginally conducive.” A tropical depression will “likely” form from Invest 91L later this week.
“It will possibly become our next named storm but the forecast models have it recurving even before it makes its way to the Bahamas,” WFLA Meteorologist Amanda Holly said. “That’s what we want to see this time of year. So even if it does become our next named storm, it won’t affect us.”
Invest 93L
The NHC started tracking Invest 93L on Wednesday. The disturbance is described as an “area of low pressure… along a decaying frontal zone” over the central Atlantic, about 850 miles southwest of the Azores.
According to the NHC, environmental conditions appear favorable for some development. A tropical weather outlook released Wednesday morning says a tropical or subtropical depression will likely form later this week as the system moves toward the east.
The NHC has given Invest 93L a medium 60 percent chance of formation in 48 hours and a high 70 percent chance of formation in the next five days.
Disturbance
The tropical wave that emerged off the coast of Africa earlier this week is now a broad area of low pressure associated with showers and thunderstorms between Africa’s west coast and the Cabo Verde Islands. The NHC has not deemed the disturbance an invest yet.
According to the NCH, the disturbance appeared slightly more organized on Wednesday and a short-lived tropical depression could form over the eastern Atlantic this week. By later this week, however, environmental conditions will be less favorable for development.
The NHC has given the disturbance a medium 40 percent chance of formation through 48 hours and a medium 50 percent chance of formation through five days.
Looking ahead
If one of the disturbances being monitored in the Atlantic becomes a named storm, it will get the name Danielle.
It’s likely we’ll continue seeing an uptick in tropical activity moving forward as we get into the month of September. The statistical peak of hurricane season is on Sept. 10. Roughly two-thirds of all tropical systems in the Atlantic basin form in August or September.
Tracking the Tropics streams at 2 p.m. ET every Wednesday during hurricane season. For the latest updates, check out our Tracking the Tropics website.
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https://cw33.com/weather/tracking-the-tropics-development-expected-this-week-after-nearly-2-months-of-no-storms/
| 2022-08-31T20:58:39Z
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The Department of Health - Abu Dhabi collaborates with a leading healthcare company to boost health technology and clinical research
Published: Jun. 16, 2022 at 7:53 AM EDT|Updated: 51 minutes ago
SAN DIEGO, June 16, 2022 /PRNewswire/ -- The Department of Health – Abu Dhabi (DoH), the regulator of healthcare in the emirate, signed a Declaration of Collaboration with Johnson & JohnsonMiddle East FZ-LLC, to support Abu Dhabi's vision in developing a regional hub for clinical research and data generation. The new strategic collaboration seeks to bring innovative treatments and breakthrough solutions to the UAE and the MENA region as well as exchange knowledge across the healthcare sector.
Witnessed by HE Abdulla bin Mohammed Al Hamed, Chairman of the Department of Health – Abu Dhabi (DoH), the signing ceremony happened during the BIO International Convention 2022 which took place between June 13-16 in San Diego, California, U.S. The Declaration of Collaboration between the parties was signed by Dr. Asma Al Mannaei, Executive Director, Research and Innovation Centre at DoH and Jamie Phares, Managing Director of Janssen GCC, one of the pharmaceutical companies of Johnson and Johnson.
Headed by HE Abdulla bin Mohammed Al Hamed, Chairman of the Department of Health – Abu Dhabi (DoH), the Abu Dhabi delegation comprised of government officials is visiting the USA this month to explore prospects of joint collaboration within the framework of healthcare at large and life science in specific.
Through these strategic collaborations, DoH and Johnson & JohnsonMiddle East FZ-LLC will explore key potential areas of interest to develop short and long-term projects in the generation of Data and Real-World Evidence (RWE). Through international collaborations, Abu Dhabi seeks to lead research groups supported by global partners to establish the strength and sustainability of the healthcare sector as well as provide quality care to patients.
Dr. Asma Al Mannaei, Executive Director, Research and Innovation Centre at the Department of Health – Abu Dhabi (DoH),said: "We are pleased with all that we have achieved during the Abu Dhabi Life Science Mission thus far. Our collaborations with leading healthcare companies echo Abu Dhabi's ongoing efforts to position itself as a leading life science destination as well as an incubator for innovation. Through our collaboration with Johnson and Johnson Middle East FZ-LLC, we aim to further improve the resilience and sustainability of the healthcare sector as well as provide quality care to patients in Abu Dhabi and worldwide."
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.
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https://www.mysuncoast.com/prnewswire/2022/06/16/department-health-abu-dhabi-collaborates-with-leading-healthcare-company-boost-health-technology-clinical-research/
| 2022-06-16T12:44:26Z
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Brings 22 Years of Financial Experience in Principal Investing and Advisory Roles to the TeraWulf Team
EASTON, Md., May 16, 2022 /PRNewswire/ -- TeraWulf Inc. (Nasdaq: WULF) ("TeraWulf" or the "Company"), which owns and operates fully integrated, domestic bitcoin mining facilities powered by more than 90% zero-carbon energy, today announced that Patrick Fleury has been appointed Chief Financial Officer, effective today. He brings to TeraWulf 22 years of finance experience, including 16 years in principal investing roles and 6 years in advisory roles. Most recently, Mr. Fleury served as a founding member of the credit team at Platinum Equity, where he was responsible for public and private credit investments. Before that he was a Managing Director at Blackstone's global credit platform, GSO Capital Partners.
"With his significant capital markets expertise and portfolio management experience, Patrick has the ideal background to serve as CFO of TeraWulf for our next phase of growth," said Paul Prager, co-founder, Chief Executive Officer and Chairman of the Board of TeraWulf. "TeraWulf continues to build out its facilities in upstate New York and Pennsylvania, making considerable progress toward its plans for zero-carbon bitcoin mining. We believe we have laid a strong foundation and I look forward to working with Patrick to deliver sustainable value creation for our shareholders."
Mr. Fleury succeeds Kenneth Deane, who will transition to the role of Chief Accounting Officer and Treasurer, also effective today, which will contribute to a seamless transition.
"I am excited to join TeraWulf with so much growth still ahead for the Company," Mr. Fleury said. "I look forward to working closely with Ken, Paul and the entire TeraWulf team to strengthen the balance sheet and leverage our efficient capital structure to execute on our infrastructure-first strategy and enhance shareholder value."
As part of Mr. Fleury's appointment, the Company's Board of Directors approved, pursuant to Rule 5635(c)(4) of the Nasdaq Stock Market Listing Rules, an equity award of 1,000,000 restricted stock units, 25% of which will vest upon each of the first two anniversaries of the grant date and the remaining 50% of which will vest upon the third anniversary of the grant date, subject to Mr. Fleury's continued employment or service with the Company through each date.
TeraWulf (Nasdaq: WULF) owns and operates fully integrated environmentally clean bitcoin mining facilities in the United States. Led by an experienced group of energy entrepreneurs, the Company is developing two mining facilities, Lake Mariner Data in New York, and Nautilus Cryptomine in Pennsylvania, with the objective of 800 megawatts of mining capacity deployed by 2025, enabling over 23 exahash per second of expected hashrate. TeraWulf will generate domestically produced bitcoin powered by nuclear, hydro and solar energy with a goal of utilizing 100% zero-carbon energy. With a core focus of ESG that ties directly to its business success, TeraWulf expects to offer attractive mining economics at an industrial scale.
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. In addition, forward-looking statements are typically identified by words such as "plan," "believe," "goal," "target," "aim," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions, although the absence of these words or expressions does not mean that a statement is not forward-looking. Forward-looking statements are based on the current expectations and beliefs of TeraWulf's management and are inherently subject to a number of factors, risks, uncertainties and assumptions and their potential effects. There can be no assurance that future developments will be those that have been anticipated. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, risks, uncertainties and assumptions, including, among others: (1) conditions in the cryptocurrency mining industry, including fluctuation in the market pricing of bitcoin and other cryptocurrencies, and the economics of cryptocurrency mining, including as to variables or factors affecting the cost, efficiency and profitability of cryptocurrency mining; (2) competition among the various providers of cryptocurrency mining services; (3) changes in applicable laws, regulations and/or permits affecting TeraWulf's operations or the industries in which it operates, including regulation regarding power generation, cryptocurrency usage and/or cryptocurrency mining; (4) the ability to implement certain business objectives and to timely and cost-effectively execute integrated projects; (5) failure to obtain adequate financing on a timely basis and/or on acceptable terms with regard to growth strategies or operations; (6) loss of public confidence in bitcoin or other cryptocurrencies and the potential for cryptocurrency market manipulation; (7) the potential of cybercrime, money-laundering, malware infections and phishing and/or loss and interference as a result of equipment malfunction or break-down, physical disaster, data security breach, computer malfunction or sabotage (and the costs associated with any of the foregoing); (8) the availability, delivery schedule and cost of equipment necessary to maintain and grow the business and operations of TeraWulf, including mining equipment and infrastructure equipment meeting the technical or other specifications required to achieve its growth strategy; (9) employment workforce factors, including the loss of key employees; (10) litigation relating to TeraWulf, IKONICS and/or the business combination; (11) the ability to recognize the anticipated objectives and benefits of the business combination; (12) the timely transition of the CFO role; and (13) and other risks and uncertainties detailed from time to time in the Company's filings with the Securities and Exchange Commission ("SEC"). Potential investors, stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. TeraWulf does not assume any obligation to publicly update any forward-looking statement after it was made, whether as a result of new information, future events or otherwise, except as required by law or regulation. Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements and the discussion of risk factors contained in the Company's filings with the SEC, which are available at www.sec.gov.
Contact:
Investors
Sandy Harrison
harrison@terawulf.com
(410) 770-9500
Media
Michael Freitag / Joseph Sala / Lyle Weston
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
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SOURCE TeraWulf Inc.
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https://www.wibw.com/prnewswire/2022/05/16/terawulf-appoints-patrick-fleury-chief-financial-officer/
| 2022-05-16T22:25:17Z
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Which automatic dog feeder is best?
A regular eating schedule, with two daily meals, helps dogs maintain good health. Irregular eating patterns with overeating or long periods between meals can lead to digestive problems.
For dog owners who work or attend school, keeping a consistent eating schedule for their pets can sometimes be a challenge. Automatic feeders can help. They allow you to set up a schedule to feed your dog the same amount at the same time every day, regardless of whether you’re home or away. One of the best automatic dog feeders is the WESTLINK 6L Automatic Pet Feeder.
What to know before you buy an automatic dog feeder
Gravity-fed feeders
The gravity feeder is designed to always keep the food bowl full, refilling whenever your dog eats. They are convenient for dog owners who believe their pets should choose when and how much to eat. However, these feeders are not suitable for dogs who eat until their food is all gone, no matter the quantity.
Mechanized vertically fed feeders
In a mechanized feeder, the food is dispensed from a large reservoir only when a timer opens the chute, providing more control than a gravity-fed system. The scheduled feeding prevents your pet from overeating, but it only works with dry kibble.
Clamshell dispensers
Clamshell-shaped dispensers are made with one or more compartments covered with a hinged lid. At the programmed time, the latch is released and the top of the container swings open, allowing your pet to access the food inside. Clamshell-style feeders are more flexible than the a simple mechanized feeder, and they work with any type of food, dry or wet.
Circular dispensers
Circular dispensers built with several different compartments, provide the option of feeding your dog a variety of food. Your dog eats when a rotating lid uncovers a compartment at a scheduled time.
Most circular dispensers can be programmed to give your dog access to different meals over the course of several days. Any type of food can be loaded into the compartments, wet or dry.
Smart dog feeders
With a smartphone app, smart feeders give you full remote control to set feeding quantities and times. An HD camera and audio permit you to view and talk to your dog while away.
Refilling and cleaning
Although feeders help automate feeding, you’ll still need to load the food reservoir regularly, and clean the dish daily to keep your dog healthy.
What to look for in a quality automatic dog feeder
Capacity
A larger capacity feeder alleviates the worry your pet will go without food when you are away from the house for an extended period, since you’ll need to refill it less frequently.
Airtight food reservoirs
Select a dog feeder with a relatively air-tight reservoir to prevent air from entering and keep the food fresh longer.
Portion size
Meal portions vary depending on a dog’s breed and size and special requirements like a restricted diet. A feeder that releases a measured portion will allow you to specify the amount of food according to your dog’s needs.
Meal frequency
While many dogs are accustomed to eating twice a day, others require smaller portions more frequently. Look for a dog feeder that allows you to schedule frequent mealtimes to keep your dog well-fed.
Reservoir lock
Most dog feeders are made with locking lids to avoid access to the food in the hopper when the dog is between meals. Choose a feeder with a sturdy design that can’t be easily tipped over and a robust locking system to prevent persistent dogs from breaking open the hopper.
Maintenance
Although dog feeders provide a convenient way to feed your dog, the devices must be cleaned and maintained to ensure your dog eats healthy meals. Look for a feeder with a dishwasher-friendly material or stainless-steel dish for easy cleaning. A feeder that disassembles is simpler to clean than a single-piece unit.
How much you can expect to spend on an automatic dog feeder
Quality gravity-fed dog feeders are available for about $40, while automatic feeders with a full set of programmable features cost about $200.
Automatic dog feeder FAQ
When was the automatic dog feeder invented?
A. Raymond V. Sweeny created the first patented feeder for pets in 1939.
Can more than one dog use the same automatic feeder?
A. Feeders are designed and programmed to provide proper daily meal portioning for one pet at a time.
What’s the best automatic dog feeder to buy?
Top automatic dog feeder
WESTLINK 6L Automatic Pet Feeder
What you need to know: The voice recorder and programmable feeder allows you to schedule up to four meals per day and record a 10-second-long voice message encouraging Fido to eat when you are away.
What you’ll love: The reservoir holds up to 6 liters of food and the feeder dispenses approximately 10 to 12 grams of food for each meal. The lockable device is compatible with all types of dry dog food, and you can program it to dispense up to 39 separate meals.
What you should consider: A few pet owners reported their pets were successful in breaking into the food reservoir.
Where to buy: Sold by Amazon
Top automatic dog feeder for the money
What you need to know: This convenient, affordable gravity feeder requires no power and features a 12-pound reservoir to keep your dog’s bowl consistently full of food.
What you’ll love: The feeder made with environmentally friendly PET plastic and features a dishwasher-safe base and lid. The pearl color matches most home decors.
What you should consider: The food occasionally gets stuck, which is typical of most automatic dog feeders.
Where to buy: Sold by Amazon and Wayfair
Worth checking out
PetSafe Healthy Pet Simply Feed Automatic Dog Feeder
What you need to know: This large-capacity (24 cups) dog feeder offers quantity control to dispense food to your dog in healthy portions.
What you’ll love: You can schedule up to 12 meals per day in amounts ranging from 1/8 cup to 4 cups per serving. The “feed now” and “pause feeding” functions offer maximum flexibility in feeding times. A secure design prevents pets from eating during non-scheduled times.
What you should consider: The stainless-steel bowl is small and better suited for smaller dogs.
Where to buy: Sold by Amazon and Wayfair
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Jeffrey Harper writes for BestReviews. BestReviews has helped millions of consumers simplify their purchasing decisions, saving them time and money.
Copyright 2022 BestReviews, a Nexstar company. All rights reserved.
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https://cw33.com/reviews/best-automatic-dog-feeder/
| 2022-06-14T07:01:43Z
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BEIJING and HANGZHOU, China, April 22, 2022 /PRNewswire/ -- Roan Holdings Group Co., Ltd. ("Roan" or the "Company") (OTC Pink Sheets: RAHGF and RONWF), a comprehensive solution provider for industrial operation and capital market services, today reported its financial results for the fiscal year ended December 31, 2021. All amounts are in U.S. dollars.
Fiscal year 2021 Highlights:
- Net income increased to $0.76 million for the year ended December 31, 2021 from a net loss of $0.85 million for the year ended December 31, 2020.
- Net earnings per share increased to $0.01 for the year ended December 31, 2021 from a net loss per share of $0.07 for the year ended December 31, 2020.
- Net commission and fees on financial guarantee services was $0.40 million for the year ended December 31, 2021, as compared to $0.29 million for fiscal year 2020, reflecting an increase of 37.93% for business development.
- Operating expenses in total decreased by $0.81 million, to $3.30 million for year ended December 31, 2021 compared to $4.11 million for the year ended December 31, 2020. The decreases were primarily the result of the Company's cost control strategies.
Mr. Junfeng Wang, Chairman of the Board commented, "We are pleased to conclude fiscal year 2021 with sound financial performance. Although the external environment is full of challenges, through our service and extensive cooperation experience and resources accumulated over the past 10 years and with more than 500 customers and partners in various industries, the Company further optimized its strategic planning and business layout in 2021, and is in process of reforming operation structure, optimization of management team, integration of market resources, establishment of new business entities, and upgrading of our business services and products to meet Roan's future development needs. As a result, the Company not only achieved substantial improvement in financial performance in 2021, but also turned from a net loss of $0.85 million in fiscal year 2020 to a net profit of $0.76 million in fiscal year 2021. At the same time, Roan has successfully expanded its business into the field of new energy, new materials, and semiconductor related industries, and we obtained our first $0.14 million industrial operation service fee income."
"In the future, through our strategic business layout in industrial operation and capital market services, the Company plans to obtain long-term operation rights for new-generation technologies, products, and services in the fields of new energy, new materials, semiconductors, culture, tourism, and health so as to position ourselves to generate income from our services and products in order to share further the upward trend of these industries," Mr Wang said.
Mr. Wenhao Wang, Chief Financial Officer of Roan, commented: "In 2021, in line with our expectations, we became profitable, turning around from last year's losses. We grew our annual net income by $1.61 million to $0.76 million. We boosted our business development by upgrading our business ecosystem, and we applied cost-efficient strategies that helped us save $0.81 million in operating expenses for the past year. We also have a positive working capital balance of $51.94 million as of December 31, 2021, which makes us believe that the efforts we put in place and the strategic development we are taking will bring us significant improvements to profitability, creating long-term value for our shareholders."
Fiscal Year 2021 Financial Results
Services Revenues
The following table sets forth a breakdown of our revenue by services offered for the years ended December 31, 2021 and 2020:
- Management and assessment services
Revenue from management and assessment services was $0.44 million ended December 31, 2021, which was increased 0.42 million or 2100% compared with $0.02 million for the year ended December 31, 2020. The increase was caused by the new contracts of management and assessment services brought significant revenue and cashflow to the Company.
- Consulting services relating to debt collection
Revenue from consulting services relating to debt collection was $0.21 million for the year ended December 31, 2021, a decrease of $1.90 million, or 90.05%, as compared to $2.11 million for the year ended December 31, 2020, which was mainly due to the negative impact of the COVID pandemic. We had less contracts for debt collection service during the year ended December 31, 2021.
- Industrial operation services
On December 31, 2021, Hangzhou Zeshi investment partnership ("Zeshi investment"), a wholly-owned subsidiary of the Company, entered into an agreement with ZhongTan Future New Energy Industry Development (Zhejiang) Co., Ltd. ("ZhongTan"). Revenue of $0.14 million was recognized during the year ended December 31, 2021 after the target customer was located, due diligence and initial negotiation was completed, and requirements of ZhongTan were met.
Revenue for commission and fees on financial guarantee services
Commission and fees on financial guarantee services was $0.46 million for the year ended December 31, 2021, an increase of $0.08 million, or 21.05% as compared to $0.38 million for fiscal year 2020, reflecting an increase for business development.
The provisions for financial guarantee services are related to financial guarantee service business as per the requirement of local government. Provisions for financial guarantee services was $0.06 million for the year ended December 31, 2021, as compared to $0.09 million for last fiscal year.
Interest and fee income
Interest and fee income primarily consisted of interest and fee income generated from loans due from third parties. Interest and fee income was $2.41 million, a decrease of $0.07 million, or 2.82% for the year ended December 31, 2021 as compared to $2.48 million for fiscal year 2020. The decrease was mainly due to a decrease of $0.02 million in interest income from loans due from third parties and a decrease of $0.05 million in interest income on provision deposits with banks.
Operating expenses
Operating expenses in total decreased by $0.81 million, or 19.70% to $3.30 million for year ended December 31, 2021 compared to $4.11 million for the year ended December 31, 2020. The decreases in these expenses were primarily the result of our cost control strategies.
Net income
As a result of the foregoing, we had a net income of $0.76 million for the year ended December 31, 2021, as compared to a net loss of $0.85 million for the year ended December 31, 2020
Cash and cash equivalents
Cash and cash equivalents were $1.95 million as of December 31, 2021, reflecting a decrease of $2.98 million from $4.93 million as at December 31, 2020, primarily because of the repayment of bank loan of $2.94 million during the year ended December 31, 2021.
Working capital
Our working capital was $51.94 million as of December 31, 2021.
Recent developments
On February 28, 2022, the Company signed a five-year industrial operation cooperation agreement with Jiushang (Hangzhou) Semiconductor Technology Co., Ltd. ("Jiushang"). The Company will provide Jiushang with financing and operation services, and cooperate in the transformation and industrialization of Jiushang semiconductor's new technological achievements in the Chinese market.
On December 16, 2021, Hangzhou Zeshi invested RMB 2 million (approximately $0.31 million) in Medium Carbon Future New Energy Industry Development (Zhejiang) Co., Ltd. ("Medium Carbon"), and held 2% its equity. Future New Energy invested RMB 20 million (approximately $3.10 million) and held 20% its equity. The registered capital of Medium Carbon is RMB 100 million (approximately $15.49 million).
On November 24, 2021, Hangzhou Zeshi, a wholly owned subsidiary of the Company invested RMB100,000 (approximately $0.02 million) in Hangzhou Future New Energy Enterprise Management Partnership (Limited Partnership) ("Future New Energy") and held 1% of the equity of Future New Energy. The registered capital of Future New Energy is RMB 10 million (approximately $1.55 million).
About Roan Holdings Group Co., Ltd.
Founded in 2009, Roan Holdings Group Co., Ltd. (OTC Pink: RAHGF and RONWF) is a comprehensive solution provider for industrial operation and capital market services. Adhering to the platform strategy of "cross collaboration, technology empowerment, sustainability and stability, and combination of operation and finance resources", the Company's services focus on the new energy, new materials, and semiconductor industries. At the same time, the Company focuses on the application of innovative technologies in the consumer industry with respect to financial consumption, cultural and tourism consumption, and great health ecosysystem. Roan aims to provide comprehensive solutions and supporting services for diversified institutuional and local government clients across the entire industry chain. Roan has offices in Hangzhou and Beijing and subsidiaries in Hangzhou, Ningbo, Shaoxing and Tianjin. For more information, please visit: www.roanholdingsgroup.com.
Safe Harbor Statement
This announcement contains 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 relate to, among others, the consummation of the proposed transaction, and can be identified by terminology such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Such statements are based upon management's current expectations of the consummation of the proposed transaction, 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. Further information regarding these and other risks, uncertainties or factors are included in the Company's filings with the U.S. Securities and Exchange Commission. The Company 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 law.
IR Contact:
At the Company:
Katrina Wu
Email: xiaoqing.wu@roanholdingsgroup.com
Phone: +86-571-8662 1775
Investor Relations Firm:
Janice Wang
EverGreen Consulting Inc.
Email: IR@changqingconsulting.com
Phone: +1 571-464-9470 (from U.S.)
+86 13811768559 (from China)
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SOURCE Roan Holdings Group Co., Ltd.
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https://www.mysuncoast.com/prnewswire/2022/04/22/roan-holdings-group-co-ltd-reports-2021-financial-year-results/
| 2022-04-23T00:36:42Z
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SINGAPORE, July 20, 2022 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa", "K&S" or the "Company"), a global leader in the design and manufacture of semiconductor, LED and electronic assembly equipment, today announced a conference call is scheduled to discuss the Company's third fiscal quarter 2022 financial results, and its business outlook, on Thursday, August 4, 2022, at 8:00am EDT.
The Company will issue its third fiscal quarter 2022 financial results the evening of Wednesday, August 3, 2022.
To access the conference call, interested parties may call +1-877-407-8037 or internationally +1-201-689-8037. A live webcast will also be available at investor.kns.com.
A replay will be available from approximately one hour after the completion of the call through August 11th by calling toll-free +1-877-660-6853 or internationally +1-201-612-7415 and using the replay ID number of 13730497. A webcast replay will also be available at investor.kns.com.
About Kulicke & Soffa
Kulicke & Soffa (NASDAQ: KLIC) is a leading provider of semiconductor, LED and electronic assembly solutions serving the global automotive, consumer, communications, computing and industrial markets. Founded in 1951, K&S prides itself on establishing foundations for technological advancement - creating pioneering interconnect solutions that enable performance improvements, power efficiency, form-factor reductions and assembly excellence of current and next-generation semiconductor devices.
Leveraging decades of development proficiency and extensive process technology expertise, Kulicke & Soffa's expanding portfolio provides equipment solutions, aftermarket products and services supporting a comprehensive set of interconnect technologies including wire bonding, advanced packaging, lithography, and electronics assembly. Dedicated to empowering technological discovery, always, K&S collaborates with customers and technology partners to push the boundaries of possibility, enabling a smarter future.
Contacts
Kulicke & Soffa
Marilyn Sim
Public Relations
P: +65-6880-9309
msim@kns.com
Kulicke & Soffa
Joseph Elgindy
Investor Relations
P: +1-215-784-7500
investor@kns.com
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SOURCE Kulicke & Soffa Industries, Inc.
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https://www.kxii.com/prnewswire/2022/07/20/kulicke-amp-soffa-schedules-third-quarter-2022-conference-call-8am-edt-august-4th-2022/
| 2022-07-20T14:04:14Z
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New mortgage brokerage franchise provides homebuyers and refinancers competitive rates and access to local professionals that understand the South Carolina market
GREENWOOD, S.C., July 28, 2022 /PRNewswire/ -- Motto Mortgage, the first and only national mortgage brokerage in the United States focused on transparency and compliance, has a new office in Greenwood, SC. Motto Mortgage Action is honored to open its doors to the thriving Greenwood community and will serve all markets throughout the Palmetto State.
Motto Mortgage Action is a full-service mortgage brokerage established by Jennifer Meredith Johnston and Thomas H. "Bubba" Harvin, Jr. Bubba has been a realtor for 44 years and is the Broker Owner of RE/MAX Action Realty. Bubba will remain focused on RE/MAX Action Realty while Jennifer will manage and operate Motto Mortgage Action. Jennifer and Bubba are both lifelong residents of Greenwood County and proud graduates of The University of Georgia.
"Motto Mortgage Action offers an excellent alternative to the traditional mortgage bankers currently operating in Greenwood," said Jennifer Johnston. "We provide the scope, scale and support of a large retail lender, while offering the flexibility, autonomy and exceptional service of a local mortgage broker that knows how to navigate the intricacies of the home buying process."
Jennifer will also serve as a mortgage loan originator for Motto Mortgage Action. Jennifer previously served as Vice President/Mortgage Banker with Countybank Mortgage. Jennifer brings her 25+ years of mortgage knowledge, experience, and stellar reputation to Motto Mortgage Action, and has consistently been a top producer in the Greenwood market. She prides herself on delivering the best customer experience and takes great satisfaction from helping her neighbors and community achieve their dreams of home ownership.
Loan originators in the Motto Mortgage network have access to competitive loans from various wholesale lenders and work hard to give homebuyers choices – because no loan is one-size-fits-all. A digital mortgage experience is available for borrowers who would prefer to conduct business remotely.
Each Motto Mortgage franchise is independently owned, operated and licensed.
Motto Mortgage Action Office NMLS # 2353147 is a locally owned and operated full-service mortgage brokerage serving all of SC located at 500 C Montague Ave, Greenwood SC 29649. To learn more, please visit www.mottomortgageaction.com or call 864-854-9494. Jennifer Meredith Johnston NMLS 475833
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SOURCE Motto Mortgage
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https://www.wibw.com/prnewswire/2022/07/28/motto-mortgage-action-now-open-south-carolina/
| 2022-07-28T14:38:19Z
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CHICAGO, June 29, 2022 /PRNewswire/ -- Ipsos, a global leader in market and consumer research, has launched the Ipsos Experience Lab: a state-of-the-art User Experience (UX) facility designed to meet any client research need, from focus groups and interviews to device tests and simulations.
The 6,000-square-foot facility, housed on the 11th floor of downtown Chicago's architecturally significant Franklin Center, will assist Ipsos UX—a team of researchers, design thinkers, developers, and artists—as they provide valuable insights on human behavior and decision-making.
The space has been structured for ease of collaboration and communication, with both a convenient location and a modular design.
"The lab was built to be a flexible, secure, interactive, and highly collaborative space in an amazingly diverse city," said Peter Mackey, Executive Vice President of User Experience. "When we were designing the lab, we worked directly with some of our clients to learn what would make it the ideal environment for them — not just for research, but as a place where people can be comfortable and think creatively. We really think both our clients and participants will enjoy spending time here."
The Ipsos Experience Lab prioritizes the comfort of clients and participants, with ample seating, lockers, and refreshments. Lab spaces and interview rooms are bright and spacious, but equipped for full functionality, with CCTV streaming and custom environmental lighting.
The centerpiece of the UX lab, a large multipurpose room, was built with extra-wide doors to accommodate oversize equipment and plumbing for appliance testing. It can be subdivided and restructured to simulate a variety of environments, from a smart kitchen to a medical station. The UX lab also offers smaller research rooms for 1-1 interviews, and observation spaces where large monitors can provide a video feed from any other room in the lab.
In our rapidly changing world, a deep understanding of how people experience products, systems, and services is crucial to success. The Ipsos Experience Lab has been built to deliver consistent, quality data on these experiences—and, in turn, to help clients keep their customers, employees, audiences, patients, or citizens at the heart of their design process.
Clients who are interested in reserving lab space or discussing a study can contact UXNA-Chicagolabs@ipsos.com.
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SOURCE Ipsos
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https://www.wibw.com/prnewswire/2022/06/29/ipsos-launches-cutting-edge-ux-lab-downtown-chicago/
| 2022-06-29T16:40:30Z
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Staffing firm celebrates 25th anniversary with an appearance in Inc. 5000 list for the 6th time
RICHMOND, Va., Aug. 18, 2022 /PRNewswire/ -- Astyra Corporation, a black-owned staffing and consulting firm headquartered in Richmond, Virginia, earned a spot on the 2022 Inc. 5000 list. The honor is reserved for the top 5000 fastest-growing private companies in America. Astyra's 179% growth rate landed the company on the list for the 6th time. The Richmond region had 38 companies earn recognition on the 2022 list.
"What better way to usher in our 25th year than to find ourselves in Inc. once again" says CEO and cofounder Ken Ampy. "This achievement proves that the 'Astyra approach' to work and culture resonates with our clients and contract associates."
With resources in 15 states, Astyra has grown rapidly by providing top talent to high-profile clients. Astyra Corporation earned their first Inc. 5000 recognition in 2009. In April 2021, Astyra received Corporate Plus distinction from the National Minority Supplier Development Council for their proficiency in fulfilling extensive national contracts.
"Appearing on the Inc. 5000 for a 6th time is an honor we would have not thought possible when we started in 1997", remarks President and cofounder Sam Young. "It's been a great ride thus far yet there's still more to come."
Astyra specializes in Information Technology, Healthcare, Professional Services, and Call Center staffing. As a solution-based company, Astyra focuses on providing top talent who will help clients build their vision and achieve their goals. Nationally, Astyra has staffed more than 300 people year to date. In the past year, Astyra's internal staff has grown by 30% to support their major expansion.
258 Virginia private companies reported a total revenue of $19.6 billion on the 2022 Inc. 5000 list, a 6% increase from the 2021 list. This substantial increase is a testament to the resilience and innovation private companies shown amid labor shortages and the continued impact of Covid-19.
Results of the 2022 Inc. 5000 fastest-growing list with company profiles, growth rates, criteria, and more can be found at https://www.inc.com/inc5000/2022.
Established in 1997, Astyra Corporation is an award-winning staffing and consulting firm. They are experts in matching high skilled consultants to innovative business solutions. Their high-profile clients range from government agencies and financial institutions to major systems integrators. For more information, visit https://astyra.com/.
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SOURCE Astyra Corporation
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https://www.mysuncoast.com/prnewswire/2022/08/18/richmond-based-astyra-corporation-named-one-2022-inc-5000-top-private-companies/
| 2022-08-18T20:10:32Z
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PORTLAND, Ore., Sept. 1, 2022 /PRNewswire/ -- The 10th Edition of Rose City Comic Con—Portland's premier pop-culture event—will unite 50,000 fans of comics, books, television and film, and cosplay at the Oregon Convention Center from Friday, September 9 through Sunday, September 11, 2022. Fans of all ages can meet top-tier comic creators, bestselling authors, and A-list celebrities from popular franchises like Star Wars, The Lord of the Rings, Star Trek, and Buffy the Vampire Slayer; plus enjoy hundreds of hours of programming, meetups, tabletop & video gaming, and family-friendly offerings. A wide range of comic and pop culture retailers will also be on hand for an incomparable shopping experience, plus more than 300 artists and crafters both local and from across the country.
Family-friendly pavilion Rose City Jr. returns with playful events to entertain kids of all ages. Debuting in 2022 are two new, highly-requested features including Book Fair, which will house author signings, special events, and all things book-related, and the Creator Pro track especially for fans hoping to break into the comic industry. Destination Cosplay returns for its second year featuring a cospitality lounge, cosplay repair center, live demonstrations, and more. Right next door will be RCCC's Beer Garden where libation lovers can get a taste of refreshing brews from Ninkasi Brewing Company.
Those who want to keep the festivities going after hours can attend the Drink & Draw presented by Dark Horse. This official after party takes place at Spirit of '77 on Friday, September 9 starting at 8:00 PM and is 21+ only.
With Rose City Comic Con celebrating its 10th Edition in 2022, the event continues to evolve and solidify its position as a must-see, annual destination for pop culture lovers in the Pacific Northwest.
WHEN: Friday, September 9; exhibit hall hours 1pm – 8pm
Saturday, September 10; exhibit hall hours 10am – 7pm
Sunday, September 11; exhibit hall hours 10am – 5pm
WHERE: Oregon Convention Center
777 NE Martin Luther King Jr. Blvd
Portland, Oregon 97232
Screen Stars:
- Elijah Wood (The Lord of the Rings, Wilfred)
- Sean Astin (The Lord of The Rings, The Goonies, Stranger Things)
- Billy Dee Williams (Star Wars)
- Giancarlo Esposito (The Mandalorian, Breaking Bad)
- Rainn Wilson (The Office, Mom, Super)
- LeVar Burton (Star Trek: The Next Generation, Reading Rainbow)
- Diane Guerrero (Orange is the New Black, Doom Patrol, Encanto)
- Wilson Cruz (Star Trek: Discovery)
- Anthony Rapp (Star Trek: Discovery)
- Sylvester McCoy (Doctor Who, The Hobbit Trilogy)
- Christopher Sabat (Dragon Ball, My Hero Academia, One Piece)
- Charisma Carpenter (Buffy the Vampire Slayer, Angel)
- Julie Benz (Buffy the Vampire Slayer, Dexter)
Comic & Author Guests:
- Jim Lee (Artist, Writer, Editor, and Publisher, Co-Publisher and CCO of DC Entertainment)
- Brian Michael Bendis (Joy Operations, Pearl, Phenomena, Spider-Man, Avengers, X-Men)
- Mike & Laura Allred (iZombie, Madman, Silver Surfer, The X-Cellent)
- David F. Walker (Bitter Root, Naomi, Luke Cage, Powerman and Iron First, Cyborg)
- Sweeney Boo (Over My Dead Body, The Joker - Punchline, Marvel Action: Captain Marvel)
- Agnes Garowska (DC Superhero Girls, Teen Titans Go! My Little Pony, Marvel Action: Origins)
- Yanick Paquette (Wonder Woman Earth one, Swamp Thing, Wolverine Weapon X, Avengers)
- Katie Cook (Nothing Special, My Little Pony: Friendship is Magic)
- Terry Brooks (Shannara Series)
- Robin Hobb (The Farseer Trilogy)
TICKETS: Badges are available at https://rosecitycomiccon.com/badges/.
WEBSITE: https://rosecitycomiccon.com/
SOCIAL MEDIA:
- Facebook: https://www.facebook.com/RoseCityCC/
- Twitter: @RoseCityCC
- Instagram: @RoseCityCC
Rose City Comic Con is Portland's premier pop culture event. It is produced locally, creating a fun and friendly event for everyone! While our primary focus is that of comics, comic creators, and the creative process, Rose City Comic Con also provides its attendees with access to gaming, sci-fi, cosplay, anime, fantasy, and everything in between. Our goal is to provide you with a rewarding, fun, and family-friendly event experience. Rose City Comic Con is produced by LeftField Media, a boutique event company made up of passionate fans and experienced convention organizers.
LeftField Media, LLC is an events company focused on developing face-to-face events in a range of communities rooted in contemporary culture and shared passion. LeftField was formed in 2014 by Greg Topalian (President, LeftField Media) and is now owned by Topalian and Clarion Events Ltd. With a keen sense of the evolving needs of businesses and their consumers, as well as new opportunities created by change, LeftField takes a clean slate approach to its work. LeftField's portfolio includes Awesome Con (awesomecon.com), Washington D.C.'s Comic Con; Rose City Comic Con (rosecitycomiccon.com), in Portland, O.R.; Anime NYC (animenyc.com), in New York City; and Anime Frontier (animefrontier.com), in Fort Worth, TX. LeftField Media is headquartered in historic Shelton, C.T. (leftfieldmedia.com).
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SOURCE LeftField Media
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https://www.wibw.com/prnewswire/2022/09/01/99-911-rose-city-comic-con-celebrates-10-years-oregon-convention-center/
| 2022-09-01T15:13:26Z
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LOS ANGELES, April 20, 2022 /PRNewswire/ -- Californians for Homeownership, a nonprofit organization sponsored by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) that aims to address California's housing crisis through impact litigation, today announced that it has filed lawsuits against six Southern California cities for violating state laws that require cities to plan for the development of housing. The cities are Bradbury, La Habra Heights, Laguna Hills, Manhattan Beach, South Pasadena and Vernon.
"The housing element process is a once-in-a-decade opportunity to create robust housing plans across the state," said C.A.R. President Otto Catrina. "The goal of these lawsuits is to fundamentally change the way that California's cities and counties approach their housing planning obligations. For far too long, cities have treated compliance with these laws as optional, and we hope to put an end to that approach."
The litigation aims to enforce the requirements of California's RHNA (Regional Housing Needs Allocation) and housing element laws. Under the RHNA system, the state and local governments work together to identify regional housing needs and distribute them among a region's cities and counties. Each city and county must then develop a "housing element" — a component of the city's general plan that identifies sites available for future housing development sufficient to meet the city's RHNA allocation. If the city cannot identify adequate sites, it must change its zoning to allow additional housing development.
Housing elements in the Southern California region were due on October 15, 2021. Some Southern California cities embraced the process, but all six cities targeted for litigation missed the state law deadline.
"Three of the cities we are suing had not even submitted a draft housing element for review by state regulators when we approached them in March — something they were required to do by August of last year," said Matthew Gelfand, the in-house litigator for the nonprofit. "Time is of the essence because we are already more than six months into the eight-year period that these cities are planning for. Developers are waiting for these plans to be finalized, and every month that these cities delay is another month working with outdated land use rules that make it hard to develop housing."
Enforcing these laws has been a major focus for the organization over the last year, and it has approached around 50 cities in Southern California to discuss their compliance with the law. Later in 2022, the focus will shift to the Bay Area and other parts of the state, as those regions complete their housing elements. The nonprofit typically offers to forgo litigation against cities that are willing to acknowledge the state law penalties for failing to adopt a housing element.
The organization's lawsuits against Bradbury, La Habra Heights, Lagna Hills, South Pasadena and Vernon fault those cities for failing to adopt updated housing elements by the state mandated deadline. These cities were chosen for being far behind their peers in the housing element process, having demonstrated a hostility toward adequate housing planning or both.
In prior housing element cycles, without litigation, some cities have allowed the process of developing their housing elements to drag on for years after the state law deadlines. For example, the City of La Habra Heights did not develop its 2013 housing element until 2020. Many Southern California cities have prioritized other non-urgent matters, including implementing policies to limit housing production, while putting off the housing element process.
"There are some harsh penalties for failing to adopt a housing element under state law," Gelfand said. "These penalties are designed to encourage cities to prioritize planning for housing, which is a critical statewide issue, over less critical work."
The organization's lawsuit against the City of Manhattan Beach focuses on problems with the city's recently adopted housing element. State law requires housing elements to identify sites that are likely to be developed into housing over an eight-year planning period — by 2029. For sites with existing uses, such as shopping centers or office buildings, cities must provide evidence that the existing uses will be discontinued during that time. The requirements are even stricter for sites identified for lower-income housing.
Manhattan Beach's housing element relies on a number of sites that have little or no chance of being redeveloped by 2029. For example, the city included the Manhattan Country Club as a site likely to be developed with 149 low-income housing units. But the Club was purchased in 2017 by a national operator for $73 million, and the city has not cited any reason to believe that it is going to close any time soon. With these inappropriate sites excluded, the city's housing element comes nowhere near satisfying its RHNA allocation.
Each lawsuit seeks an order requiring the city to adopt a compliant housing element on an expedited basis, as well as a judicial declaration that the city is subject to certain state law penalties for being out of compliance. Among other penalties, cities without a compliant housing element are prohibited from using their ordinary zoning rules to reject certain types of housing developments. The court also has the discretion to control aspects of a city's land use approvals — for example, halting the issuance of all non-residential building permits or judicially approving housing development projects that have been held up by a city.
The lawsuits are:
Californians for Homeownership v. City of Bradbury, Los Angeles County Superior Court Case No. 22STCP01381.
Californians for Homeownership v. City of La Habra Heights, Los Angeles County Superior Court Case No. 22STCP01394.
Californians for Homeownership v. City of Laguna Hills, Orange County Superior Court Case No. 30-2022-01255365-CU-WM-CJC.
Californians for Homeownership v. City of Manhattan Beach, Los Angeles County Superior Court Case No. 22STCP01417.
Californians for Homeownership v. City of South Pasadena, Los Angeles County Superior Court Case No. 22STCP01388.
Californians for Homeownership v. City of Vernon, Los Angeles County Superior Court Case No. 22STCP01397.
Copies of the filings are available at caforhomes.org/housingelements.
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Californians for Homeownership is a 501(c)(3) nonprofit organization sponsored by the CALIFORNIA ASSOCIATION OF REALTORS® devoted to using legal tools to address California's housing crisis. For too long, California's cities have treated compliance with state and federal housing law as optional. The organization seeks to change that attitude by proactively enforcing the law, on behalf of the important public interest in having additional housing available to families at all income levels. Californians for Homeownership was established by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.), and it receives financial support from C.A.R. and private donors. To make a tax-deductible charitable contribution today, visit caforhomes.org.
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https://www.wibw.com/prnewswire/2022/04/20/housing-group-sues-six-southern-california-cities-over-failure-plan-housing/
| 2022-04-20T18:18:03Z
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NEW YORK, April 25, 2022 /PRNewswire/ -- Attention Affirm Holdings, Inc. ("Affirm") (NASDAQ: AFRM) shareholders:
The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors who purchased between February 12, 2021 and February 10, 2022.
If you suffered a loss on your investment in Affirm, 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 Affirm includes allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (i) Affirm's "buy now, pay-later" service facilitated excessive consumer debt, regulatory arbitrage, and data harvesting; (ii) the foregoing subjected Affirm to a heightened risk of regulatory scrutiny and enforcement action; (iii) Affirm maintained inadequate disclosure controls and procedures and internal control over financial reporting; (iv) accordingly, Affirm's tweet for its second quarter 2022 financial results contained selected metrics that made it appear that the Company had performed better than it actually did; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
DEADLINE: April 29, 2022
Aggrieved Affirm investors only have until April 29, 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
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https://www.wibw.com/prnewswire/2022/04/25/class-action-alert-law-offices-vincent-wong-remind-affirm-investors-lead-plaintiff-deadline-april-29-2022/
| 2022-04-25T10:26:01Z
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Amazon is seeking to overturn the historic union victory at one of its New York City warehouses, arguing in a legal filing Friday that union organizers and the National Labor Relations Board acted in a way that tainted the results. It now wants to redo the election.
The e-commerce giant listed 25 objections in the filing obtained by The Associated Press, accusing organizers with the nascent Amazon Labor Union of intimidating workers to vote for the union, a claim an attorney representing the group has called “patently absurd.”
“The employees have spoken,” Eric Milner, the attorney, said in a statement Thursday after Amazon’s initial planned objections were made public in another legal filing.
“Amazon is choosing to ignore that, and instead engage in stalling tactics to avoid the inevitable — coming to the bargaining table and negotiating for a contract” on behalf of the workers, he said.
Warehouse workers in Staten Island cast 2,654 votes — or about 55% — in favor of a union, giving the fledgling group enough support to pull off a victory last Friday.
In one objection, Amazon said organizers “intentionally created hostile confrontations in front of eligible voters,” by interrupting the mandatory meetings the company held to persuade its employees to reject the union drive. In a filing released earlier this month, the company disclosed it spent about $4.2 million last year on labor consultants.
In another objection, Amazon targeted organizers’ distribution of cannabis to workers, saying the labor board “cannot condone such a practice as a legitimate method of obtaining support for a labor organization.” New York legalized the recreational use of marijuana last year for those over 21. Milner, the attorney representing the union, said Amazon is grasping at straws.
Distributing cannabis “is no different than distributing free t-shirts and it certainly did not act to interfere with the election,” he said.
The company also accused organizers of improperly polling workers.
The retailer had initially signaled it planned to challenge the election results because of a lawsuit the NLRB filed in March, in which the board sought to force Amazon to reinstate a fired employee who was involved in the union drive.
Amazon pointed to the lawsuit in one of its objections filed Friday, saying the regional NLRB office that brought the suit “failed to protect the integrity and neutrality of its procedures,” and had created an impression of support for the union by seeking reinstatement for the former employee, Gerald Bryson.
“Based on the evidence we’ve seen so far, as set out in our objections, we believe that the actions of the NLRB and the ALU improperly suppressed and influenced the vote, and we think the election should be conducted again so that a fair and broadly representative vote can be had,” Kelly Nantel, an Amazon spokesperson, said in a statement Friday.
Bryson was fired in the early days of the pandemic after leading a protest calling for the company to do more to protect workers against COVID-19. While off the job during the protest, Bryson got into a dispute with another worker and was later fired for violating Amazon’s vulgar-language policy, according to his attorney Frank Kearl.
The NLRB did not immediately respond to a request for comment. Its spokesperson, Kayla Blado, previously said the independent agency is authorized by Congress to enforce the National Labor Relations Act.
“All NLRB enforcement actions against Amazon have been consistent with that Congressional mandate,” she said.
In other objections, Amazon targeted how the labor agency conducted the election. It said the agency failed to control media presence around the voting area and didn’t have enough staff and equipment, which the company says created long lines and “discouraged many employees from voting in subsequent polling sessions.”
Meanwhile, both Amazon and the Retail, Wholesale and Department Store Union, a union that spearheaded a separate union drive in Bessemer, Alabama, have filed objections to that election. The final outcome of the union vote in Alabama is still up in the air with 416 outstanding challenged ballots in the balance. Initial results show the union down by 118 votes, with the majority of Amazon warehouse workers rejecting a bid to form unionize.
RWDSU, which filed more than 20 objections, said in its filing Thursday that its objections are “grounds to set the election aside.”
A hearing to review the challenged ballots is expected to begin in the coming weeks.
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https://cw33.com/business/ap-business/amazon-seeks-to-overturn-union-win-says-vote-was-tainted/
| 2022-04-09T14:04:32Z
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ST. PETERSBURG, Fla., Aug. 10, 2022 /PRNewswire/ --
With Q1 and Q2 in the books, the JBM® team has seen a hot start to 2022. The #1 ranked boutique brokerage firm in the U.S. closed $1.5 billion worth of Florida multifamily transactions in the first half of 2022.
Known for their market dominance in Southwest Florida, the JBM® team closed the majority of their first half transactions in this area, including in Sarasota, Fort Myers, Estero, and Naples. In addition, 6 of the sales were brand new, Class A+, merchant developments – further cementing JBM's reputation as Florida's leading merchant development disposition broker.
Founder and CEO, Jamie May, states, "It's amazing to be a boutique shop and have incredible numbers like this – it goes to show the hard work and relationships we've built across the state and specifically Southwest Florida. When we started 20 years ago, nobody was interested in places like Fort Myers or Naples, but now they're some of the most desirable destinations in the entire country and two of the biggest benefactors of the net migration to Florida."
Despite exclusively focusing on Florida, Green Street has ranked JBM® as the #12 broker by sales volume across the entire U.S. for the first half of 2022. Their first half sales are not just limited to Southwest Florida, as JBM® has closed transactions across the entire state, including the Orlando MSA, Gainesville MSA, Jacksonville, and Tampa/St. Petersburg.
While interest rates have steadily risen, leading to inflated cap rates, the JBM® team remains on pace for a record year in 2022. As of August, JBM® has $2.4 billion in active listings on the market or under contract – the majority of which are across Tampa/St. Petersburg and Southwest Florida.
JBM® Institutional Multifamily Advisors is a multifamily brokerage firm with offices in Naples, St. Petersburg, and Orlando, Florida. They focus exclusively on multifamily asset disposition services, equity placement, capitalization and recapitalization of new merchant developments, core-plus, and value-add transactions. JBM® is the #1 ranked boutique brokerage firm in the U.S. and the #1 ranked broker in Southwest Florida – with a 70%+ market share spanning the last 20+ years. In 2021, according to Green Street, JBM® achieved the #2 highest average sales price per transaction among qualifying brokers.
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https://www.wibw.com/prnewswire/2022/08/10/jbm-exceeds-15-billion-first-half-2022-multifamily-sales/
| 2022-08-10T16:17:36Z
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TROY, Mich., Sept. 16, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), has completed the acquisition of RapidMiner, a leader in advanced data analytics and machine learning (ML) software.
RapidMiner's well-established desktop platform and new-to-market cloud platform (multi-tenant and SaaS ready) strengthens Altair's current end-to-end data analytics (DA) portfolio, which already offers customers the power to understand, transform, act on, and automate their data.
Altair is well positioned to execute on the newly acquired technology and continue to grow its existing business.
Altair is a global leader in computational science and artificial intelligence (AI) that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. For more information, visit https://www.altair.com/.
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https://www.wibw.com/prnewswire/2022/09/16/altair-announces-completion-acquisition-rapidminer/
| 2022-09-16T14:08:06Z
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DALLAS (KDAF) — Lockdowns are no longer in effect in most of America, and people are now getting back to their old ways.
With travel more open, couples are again pursuing destination weddings, and Inside DFW host Jenny Anchondo wanted to know what locations are hot right now.
Lisa Jaroscak is the owner of Elegante Weddings and Events where they help couples plan their dream weddings. She joined Inside DFW and talked more about where celebrities are getting married.
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https://cw33.com/news/inside-dfw/now-that-people-can-do-destination-weddings-where-are-they-going-this-wedding-planner-tells-all/
| 2022-06-23T00:36:20Z
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Added over 30 new customers and over 120 existing customers increased their investment in the deployment operations management platform
MONTCLAIR, N.J., Aug. 25, 2022 /PRNewswire/ -- Sitetracker, the leading deployment operations management software for critical infrastructure providers, closed the first half of its fiscal year with 50% year-over-year growth of the business highlighted by additions to its customer base, new product features, enhanced branding and market presence, and an increase in staffing. These milestones demonstrate the company's continued growth and overall leadership in supporting the global projects and sites for critical tower, fiber and 5G roll-outs, solar deployments, and electric vehicle (EV) charging stations, including more than half of all the charging ports in the U.S.
In the first half of 2022, Sitetracker signed 34 new energy, telecom, and construction-related customers including BayWa r.e. Power Solutions, E.ON Drive, Connected Kerb, Southern California Edison, Ziply Fiber, KCI Technologies, Bridgepoint Communications, and Brightspeed. Sitetracker also grew or renewed contracts with over 120 existing customers that expanded their deployment and maintenance work, or added team members to cover additional use cases.
With over $100M in initial investments Sitetracker also:
- Launched its Tower Solution, designed specifically for telecom tower owners and operators. Sitetracker Telecom for Tower is a new specialized capability under the Sitetracker Telecom product suite that allows tower companies to effectively manage hundreds of site processes and deployments
- Enhanced language features on its platform to help customers meet the needs of an increasingly diverse, global workforce
- Added Sitetracker Mobile capabilities to protect against data loss, in addition to Gantt views of projects and inter-project dependencies
- Hired 66 new team members in eight countries worldwide, bringing its total employee count to 350
- Created a new multi-lingual, comprehensive website, rebranding and marketing effort
"The deployment operations management market is rapidly maturing and will soon become one of the most important aspects of modernizing and securing dozens of countries' critical infrastructure like Fiber to the Home, 5G towers and EV charging stations," said Giuseppe Incitti, CEO of Sitetracker. "We have a distinct lead in bringing to market the intelligent technology to enable infrastructure providers, construction and maintenance crews, regulatory agencies, and others to rapidly and efficiently deploy, operate and service the millions of these infrastructure sites going up. Because we've developed the technology collaboratively with the world's largest infrastructure providers, it's purpose-built for their needs and already incorporates the cutting-edge of best practices."
In the second half of the year, Sitetracker plans to launch additional product enhancements to serve the demands of these growing markets. It also plans to add several new, major customers both domestically and internationally, including major telco and energy companies. The company is increasing its market presence through ongoing visibility campaigns and is expanding its collaboration with customers to best refine and incorporate its software for maximum efficiency and intelligence.
"Sitetracker's trajectory is one of explosive, but thoughtful growth," continued Incitti. "We are deliberately expanding and using investments wisely so we can innovate and expand in alignment with the market demand and customer needs. I look forward to the second half of our fiscal year, where I expect we'll continue to demonstrate success."
Sitetracker powers the rapid deployment of tomorrow's infrastructure. The global leader in deployment operations management software, Sitetracker helps innovative companies like British Telecom, KPN, Segra, and Chargepoint manage millions of sites and assets representing over $150 billion in portfolio holdings. By giving telecommunications, utility, smart cities, and energy teams a cloud-based solution that works easily and effectively, Sitetracker is accelerating the path to digital equity and a more sustainable future. Deploy what's next. For more information, please visit https://www.sitetracker.com/
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https://www.wibw.com/prnewswire/2022/08/25/sitetracker-completes-first-half-fiscal-year-with-significant-global-growth-across-telecom-energy-sectors/
| 2022-08-25T14:52:07Z
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Man charged in random Detroit shootings that killed 3
DETROIT (AP) — A 19-year-old man was charged Wednesday with first-degree murder in a series of apparently random shootings over roughly two hours last weekend in Detroit that left three people dead and a fourth wounded.
Dontae Ramon Smith was expected to be arraigned later in the day in 36th District Court on the three murder counts as well as other charges, including assault and firearms charges, the Wayne County prosecutor’s office said. It wasn’t immediately known if he had a lawyer who could speak on his behalf.
“It is not an overstatement to say that on Sunday morning ... this ... defendant reigned real terror on the citizens northwest Detroit,” Prosecutor Kym Worthy said in a statement while announcing charges. “Normal, everyday life was brought to a standstill as he moved east to his next victim.”
Police spent 12 hours searching for the man and peacefully arrested him Sunday at his home following a tip from someone close to him. Police said a gun was found that matched shell casings at the shooting scenes.
Detroit Police Chief James White has said the man may have a mental illness and “terrorized our community.”
Mayor Mike Duggan told reporters Monday that the man also may have been emboldened after not encountering officers following the first shooting about 4:45 a.m. Sunday when a 28-year-old man was slain less than 2 miles (3.2 kilometers) from a police station. At that early hour, no calls were made to 911, Duggan said.
The prosecutor’s office said police found the man’s body in the doorway of a church.
About 30 minutes later someone called 911 after finding a woman shot about three blocks from the first shooting. She has not yet been identified.
Another woman, Lari Brisco, a 43-year-old single mother of five children, was waiting nearby for a city bus when she was shot multiple times. Both women died from their wounds.
Then, about 7:10 a.m., 76-year-old John Palik was shot in the leg while walking his dog. The dog was shot in a paw. Both survived.
Wallace Pleasant told WXYZ-TV that an armed bystander saw the fourth shooting and fired his own weapon at the suspect who then fled.
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Williams reported from West Bloomfield, Michigan.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.wibw.com/2022/08/31/man-charged-random-detroit-shootings-that-killed-3/
| 2022-08-31T17:08:59Z
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ARCA significantly broadens Sesami's intelligent device offering for financial institutions and consumer businesses; deepens its global R&D and manufacturing capabilities
MONTREAL and AMSTERDAM and DALLAS, Aug. 26, 2022 /PRNewswire/ - Sesami Cash Management Technologies ("Sesami"), a global cash ecosystem integrator and financial technology company, is pleased to welcome ARCA as it strengthens its global leadership in cash automation. ARCA is a global leader in cash technology solutions and a global market leading manufacturer of teller cash recyclers for financial institutions.
"With its talented team, robust teller cash recycler product portfolio and impressive global product development and manufacturing capabilities, ARCA significantly broadens Sesami's intelligent device offering, deepens our in-house R&D capabilities and further expands our global footprint and client base," said Steph Gonthier, Chief Executive Officer of Sesami. "This latest acquisition of a best-of-breed global cash technology solutions company further cements Sesami's unique global market positioning as the only true end-to-end, tech-enabled cash ecosystem solution provider for financial institutions and consumer businesses."
ARCA is the world's second largest provider of teller cash recyclers (TCRs) and related support services, with a significant market share in North America and Europe, with the leading market position in Canada, Spain and Mexico. TCRs enable the automation of cash deposits and withdrawals helping financial institutions simplify in-branch cash handling activities. With customers in over 50 countries, ARCA's products and services have been sold to over 500 financial institutions globally.
"I am so incredibly proud of the global leader ARCA has become since its founding nearly 25 years ago, recognized by our clients for our commitment to innovation and excellence. I am confident that the next chapter for ARCA and its talented team will be a fulfilling one as part of Sesami and in pursuit of ARCA's next phase of growth," said Mort O'Sullivan, Founder of ARCA.
"With our industry leading product portfolio and service platform, as well as evolutionary products and future innovation in the pipeline, we are highly enthusiastic about the significant growth opportunities ahead as we join Sesami. We look forward to growing our financial institution client base globally in support of continued retail bank network automation – a transformation in which our intelligent cash handling devices play a key role," said Hank Winfield, President of ARCA.
Headquartered in North Carolina, ARCA has about 320 employees with offices in the United Kingdom, France and Italy, and a state-of-the-art primary production facility in Italy. Founded in 1998, ARCA is a global leader in cash automation technologies with a reputation for delivering reliable products with the shortest lead times which are unmatched in the market, and a commitment to excellence in service and support throughout the life of its products. Financial institutions, retailers, and OEM self-service and kiosk manufacturers all over the world rely on ARCA products to streamline their cash operations and save them time and money, while increasing the efficiency and security of cash.
Sesami, an independent entity of Garda World Security Corporation, is the only true end-to-end global cash ecosystem platform, offering software, intelligent devices and managed services that help financial institutions and consumer businesses optimize their cash ecosystem performance through a single custody solution provider. For more information visit www.sesami.io and follow us on LinkedIn.
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https://www.wibw.com/prnewswire/2022/08/26/sesami-welcomes-global-leader-arca-it-strengthens-its-global-leadership-cash-automation-solutions/
| 2022-08-26T04:37:43Z
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This news release constitutes a "designated news release" for the purposes of the Company's
prospectus supplement dated December 3, 2021 to its short form base shelf prospectus dated
April 22, 2021
CALGARY, AB, Aug. 18, 2022 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, announced today that it has entered into a binding commitment letter with Connect First Credit Union Ltd. ("connectFirst") for a $19 million credit facility with an initial 5-year term (the "Credit Facility"), at connectFirst's floor interest rate. The terms of the Credit Facility were renegotiated with connectFirst to provide a larger immediately-accessible facility for High Tide, with a smaller total commitment from connectFirst initially - which High Tide expects will grow over time. Upon closing the Credit Facility with connectFirst, the Company expects to use the proceeds to fund continued organic growth, general working capital requirements, and potential future M&A activities.
"I am very happy to provide this positive update today. Our business remains on a strong footing and we continue to gain traction as the leader in the Canadian cannabis retail market. Once in place, this facility will help us continue to propel our growth in an increasingly non-dilutive fashion. Through our conversations with connectFirst, we expect that this line will expand in tandem with our business growth, as we continue to execute on our conveyed business plan. This will enable us to capitalize on attractive M&A and organic opportunities in North America and Europe," said Raj Grover, President and Chief Executive Officer of High Tide. "I look forward to sharing our results and progress for our fiscal third quarter in mid-September, and we anticipate the closing of this facility around the same time. I remain as confident as ever in High Tide's growth trajectory in Canada, the United States, and newly-emerging international markets," added Mr. Grover.
"We have watched locally based High Tide execute over the last several years. Accordingly, we are very excited about this new partnership between High Tide and connectFirst helping to create a more prosperous Alberta - and beyond. Our senior debt offering will provide High Tide the capital to continue to execute their impressive growth trajectory," said Sourav Neogi, Relationship Manager, Corporate & Commercial Banking, Connect First Credit Union.
- CAD$19 Million Term Debt: Accessible on request by High Tide, blended principal and interest payments.
- Low Interest Rate: High Tide continues to receive industry leading interest rates that reflect the strength of its business.
- Financial Covenants: The Credit Facility will have a quarterly tested financial covenant of debt service coverage ratio of not less than 1.40:1, a monthly current ratio covenant of not less than 1.25:1, and a quarterly tested covenant of funded debt to EBITDA ratio of not more than 3:1 beginning with the quarter ending January 31, 2023. High Tide's 12-month forecast projects it to be comfortably in compliance with all financial covenants.
The Company expects to close on the Credit Facility during the first half of September 2022, subject to certain pre-disbursement conditions and satisfaction of other customary conditions precedent.
Connect First Credit Union Ltd., one of the largest and most successful credit unions in Canada, is a full-service financial institution with over $6 billion in assets under administration. connectFirst employs 750 Albertans who provide a range of financial products and advice in more than 40 communities across central and southern Alberta. It serves over 125,000 members through a community-focused approach to banking.
High Tide is a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets. The Company is the largest Canadian retailer of recreational cannabis as measured by revenue, with 139 current locations spanning Ontario, Alberta, British Columbia, Manitoba, and Saskatchewan. The Company is also North America's first cannabis discount club retailer, under the Canna Cabana banner, which is the single-largest cannabis retail brand in Canada with additional locations under development across the country. High Tide's portfolio also includes retail kiosk and smart locker technology – Fastendr™. High Tide has been serving consumers for over a decade through its established e-commerce platforms including Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com and more recently in the hemp-derived CBD space through Nuleafnaturals.com, FABCBD.com, BlessedCBD.co.uk,, BlessedCBD.de, and Amazon UK, as well as its wholesale distribution division under Valiant Distribution, including the licensed entertainment product manufacturer Famous Brandz. High Tide was featured in the third annual Report on Business Magazine's ranking of Canada's Top Growing Companies in 2021 and was named as one of the top 10 performing diversified industries stocks in the 2022 TSX Venture 50™. High Tide's strategy as a parent company is to extend and strengthen its integrated value chain, while providing a complete customer experience and maximizing shareholder value.
For more information about High Tide Inc., please visit www.hightideinc.com, its profile page on SEDAR at www.sedar.com, and its profile page on EDGAR at www.sec.gov.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements relating to: High Tide securing the Credit Facility on the terms and within the timelines set out in this news release; the use of proceeds from the Credit Facility being utilized as outlined herein; the anticipated effects of the Credit Facility on the business and operations of High Tide; the Company utilizing the Credit Facility to complete future acquisitions; and High Tide's plans to increase the Credit Facility.
Forward-looking information in this news release are based on certain assumptions and expected future events, namely: High Tide will close the Credit Facility (and will have the ability to obtain all requisite approvals) on the terms and within the timelines anticipated by High Tide; the use of proceeds from the Credit Facility will be utilized as outlined herein; the Company will utilize the Credit Facility to complete future acquisitions; High Tide's financial condition and development plans do not change as a result of unforeseen events; there will continue to be a demand and market opportunity for High Tide's product offerings; current and future economic conditions will neither affect the business and operations of High Tide nor High Tide's ability to capitalize on anticipated business opportunities; and High Tide will extend and strength its integrated value chain, provide a complete customer experience and maximize shareholder value. Although considered reasonable by management of High Tide at the time of preparation, these statements may prove to be imprecise and result in actual results differing materially from those anticipated, and as such, undue reliance should not be placed on forward-looking statements.
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the risks associated with the cannabis and cannabidiol industries in general; High Tide being unable to close the Credit Facility and/or being unable to utilize the Credit Facility on the terms and within the timelines anticipated; the inability of High Tide to obtain requisite approvals; the inability of High Tide to pursue more acquisitions in the future; and the inability of High Tide to extend and strengthen its integrated value chain, while providing a complete customer experience and maximizing shareholder value.
Forward-looking statements, forward-looking financial information and other metrics presented herein are not intended as guidance or projections for the periods referenced herein or any future periods, and in particular, past performance is not an indicator of future results and the results of High Tide in this press release may not be indicative of, and are not an estimate, forecast or projection of High Tide future results. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect our expectations as of the date hereof, and thus are subject to change thereafter. High Tide 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 required by law. Factors that could cause anticipated opportunities and actual results to differ materially include, but are not limited to, matters referred to above and elsewhere in High Tide's public filings and material change reports, which are and will be available on SEDAR.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available.
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https://www.wibw.com/prnewswire/2022/08/18/high-tide-secures-commitment-letter-connect-first-credit-union-non-dilutive-financing/
| 2022-08-18T11:02:26Z
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Acura goes 1-2 in IMSA to continue Laguna Seca dominance
MONTEREY, Calif. (AP) — Acura continued its dominance at Laguna Seca in the IMSA sports car series as Ricky Taylor and Filipe Albuquerque teamed to give Wayne Taylor Racing the victory Sunday. Taylor and Albuquerque in the No. 10 Acura for Wayne Taylor Racing led all but six of the 117 laps in the timed race. Acura-powered prototypes have now won the last four races at Laguna Seca, while Ricky Taylor has won three-straight. Meyer Shank Racing finished second in the No. 60 Acura. The two Acura teams are tied atop the IMSA Daytona Prototype standings after four races.
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https://localnews8.com/news/2022/05/01/acura-goes-1-2-in-imsa-to-continue-laguna-seca-dominance/
| 2022-05-02T02:21:16Z
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WASHINGTON (AP) — Six months after Russia’s invasion of Ukraine, President Joe Biden announced Wednesday that he is sending $2.98 billion in new military aid to Ukraine that will enable forces there to fight for years to come.
In a statement, Biden said the aid will allow Ukraine to acquire air defense systems, artillery systems and munitions, drones and other equipment “to ensure it can continue to defend itself over the long term.”
The announcement comes as Ukraine is celebrating its 1991 declaration of independence from the Soviet Union.
“I know this independence day is bittersweet for many Ukrainians as thousands have been killed or wounded, millions have been displaced from their homes, and so many others have fallen victim to Russian atrocities and attacks,” Biden said. “But six months of relentless attacks have only strengthened Ukrainians’ pride in themselves, in their country, and in their thirty-one years of independence.”
The aid package is being provided under the Ukraine Security Assistance Initiative, which funds contracts to purchase weapons and equipment. It includes money for the small, hand-launched Puma drones, equipment for the longer-endurance Scan Eagle surveillance drones, which are launched by catapult, and, for the first time, the Vampire anti-drone system, which can be launched off ships.
In addition there is money for six advanced surface-to-air missile systems, known as NASAMS, munitions for them, 24 counter-artillery radars, precision rocket systems, and more than 300,000 rounds of artillery and mortar ammunition.
As Russia’s war on Ukraine drags on, U.S. security assistance is shifting to a longer-term campaign that also will likely keep more American military troops in Europe into the future, U.S. officials said.
Unlike most previous packages, the new funding is largely aimed at helping Ukraine secure its medium- to long-term defense posture, according to officials familiar with the matter. Earlier shipments, most of them done under presidential drawdown authority, have focused on Ukraine’s more immediate needs for weapons and ammunition and involved materiel that the Pentagon already has in stock that can be shipped in short order.
Besides providing longer-term assistance that Ukraine can use for potential future defense needs, the new package is intended to reassure Ukrainian officials that the United States intends to keep up its support, regardless of the day-to-day back and forth of the conflict.
“The United States of America is committed to supporting the people of Ukraine as they continue the fight to defend their sovereignty,” Biden said.
NATO Secretary-General Jens Stoltenberg noted the more extended focus Tuesday as he reaffirmed the alliance’s support for the conflict-torn country.
“Winter is coming, and it will be hard, and what we see now is a grinding war of attrition. This is a battle of wills, and a battle of logistics. Therefore we must sustain our support for Ukraine for the long term, so that Ukraine prevails as a sovereign, independent nation,” Stoltenberg said, speaking at a virtual conference about Crimea, organized by Ukraine.
Six months after Russia invaded, the war has slowed to a grind, as both sides trade combat strikes and small advances in the east and south. Both sides have seen thousands of troops killed and injured, as Russia’s bombardment of cities has killed countless innocent civilians.
There have been fears that Russia will intensify attacks on civilian infrastructure and government facilities in the coming days because of the independence day holiday and the war hitting the six-month mark.
On Monday, the U.S. Embassy in Ukraine and the State Department issued a new security alert for Ukraine that repeated a call for Americans in the country to leave due to the danger.
Other NATO allies are also marking the independence day with new aid announcements.
German Chancellor Olaf Scholz said his country is providing more than 500 million euros (nearly $500 million) in aid, including powerful anti-aircraft systems. The aid will include rocket launchers, ammunition, anti-drone equipment, a dozen armored recovery vehicles and and three additional IRIS-T long-range air defense systems, the German news agency dpa reported.
The funding must still be approved by parliament, and some of it won’t be delivered until next year.
And Canada’s Prime Minister Justin Trudeau announced $3.85 million for two Ukraine projects through the Peace and Stabilization Operations Program. It includes about $2.9 million in funding for ongoing development of Ukraine’s national police force and other emergency services, and about $950,000 to help advise Ukraine’s defense ministry.
Including this latest package, the U.S. has provided about $13.6 billion in military aid to Ukraine since the beginning of the Biden administration, including 19 packages of weapons taken directly from Defense Department stocks since August 2021.
Air Force Brig. Gen. Pat Ryder, the Pentagon press secretary, said the aid represents “multi-year investments to build the enduring strength of Ukraine’s Armed Forces.”
U.S. defense leaders are also eyeing plans that will expand training for Ukrainian troops outside their country, and for militaries on Europe’s eastern and southern flanks that feel most threatened by Russia’s aggression.
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Associated Press writers Lorne Cook in Brussels and Frank Jordans in Berlin contributed to this report.
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Follow AP’s coverage of Russia’s war in Ukraine at https://apnews.com/hub/russia-ukraine.
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https://cw33.com/news/politics/ap-politics/us-giving-ukraine-3-billion-in-military-aid-for-years-ahead/
| 2022-08-24T20:33:47Z
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Hybrid selection, early identification and careful management can help farmers slow the spread of and limit damage from the fungal disease
DOWNERS GROVE, Ill., July 27, 2022 /PRNewswire/ -- Tiny specks can spell big problems when it comes to corn yields. Regionalized Tar Spot outbreaks were a major challenge for some Midwestern farmers last year, and it's an issue that all farmers will want to keep an eye on throughout the growing season. Resulting from a fungal pathogen that's prominent in wet soils, Tar Spot and its signs can appear and spread quickly.
"In Midwestern hot spots last season, farmers reported the rapid spread of the disease in their fall fields, which turned brown and died in just a week's time," recalls Todd McRoberts, NK Seeds Agronomy Manager. "While we have a lot of the 2022 growing season left to go, wetter environments and moderate temperatures in spring can set the stage for Tar Spot, which could thrive for a couple of months in these fields if left unchecked."
McRoberts says that it can be challenging for farmers to identify Tar Spot because its distinguishable signs mimic those of other common corn diseases. And like with any agronomic issue, knowledge is power when it comes to managing the effects of Tar Spot.
Five Tips for Identifying Tar Spot
- Look at placement and movement. The disease begins on the lower corn leaves and moves to the upper plant and ear husks.
- Rule out other diseases. It's easy to confuse Tar Spot with Common Rust or Southern Rust late in the season. But while all are infamous for small, dark-colored spots, rust spot pustules can be scraped off easily. Tar Spot lesions have a bumpy texture that is not easy to rub off, and they are sometimes surrounded by a tan halo.
- Inspect plants carefully. Tar Spot is found on healthy and dead plant tissue, and it appears on both the upper and lower surfaces of leaves.
- Know the difference between Tar Spot and late-season degradation. Tar Spot is sometimes mistaken for saprophytic organisms, which help to break down dead plant tissue in the fall. However, they lack the bumpy texture that's indicative of Tar Spot infection.
- Send samples for expert diagnosis. Because Tar Spot can be difficult to diagnose on sight, a laboratory analysis may be required for a positive diagnosis.
Once an outbreak of Tar Spot occurs, it can have a significant impact on yields. Fortunately, with careful management, farmers can slow the damage this year and safeguard their affected fields for next season.
"If you have issues this year and you plan on planting corn in that same field next year, finding a hybrid with strong Tar Spot tolerance is a must," advises Joe Bollman, NK Seeds Corn Product Manager. "NK corn hybrids have extremely strong Tar Spot tolerance compared to most brands on the market today."
With each season, we gain new insights and tools for managing Tar Spot. Hybrid selection, crop rotation and tillage can help farmers fend off the yield-robbing disease.
- When it comes to hybrid selection, consult the NK Seed Guide to choose hybrids with low susceptibility to Tar Spot for fields with a known history of the disease. (Look for products with low sensitivity ratings.)
- Consider crop rotation and tillage. Rotating to crops other than corn and using tillage to bury residue can help reduce fungus inoculum levels in fields.
- Trials have indicated that applying fungicide early, at or before the first signs of disease, can be effective against Tar Spot. (While early fungicide programs applied before the onset of disease may be effective, late-season, curative fungicide applications are not recommended.)
"The disease will continue to spread if the environment is favorable, so a grower could still use a fungicide application or two if the infestation continues to spread," says McRoberts. "Hybrids with strong tolerance are one of the best mitigation tools, along with a fungicide that has been shown to slow down the damage done by the disease."
The right approach to fungicide application may differ depending on when signs of the disease first appear — and it could also help keep other fungal diseases in check.
"If conditions are favorable for Tar Spot development early in the season, farmers should consider a two-pass fungicide program using Trivapro® or Miravis® Neo fungicide at the V4 to V8 corn growth stage and the VT/R1 growth stage," McRoberts advises. "If the risk of Tar Spot development is lower, farmers might instead consider an application of Trivapro or Miravis Neo fungicide at the VT/R1 growth stage. This approach may also combat other yield-reducing foliar diseases."
For more corn management tips, visit your NK Seeds sales representative or contact your local agronomist.
Syngenta Crop Protection and Syngenta Seeds are part of Syngenta Group, one of the world's leading agriculture companies. Our ambition is to help safely feed the world while taking care of the planet. We aim to improve the sustainability, quality and safety of agriculture with world
class science and innovative crop solutions. Our technologies enable millions of farmers around the world to make better use of limited agricultural resources.
The content of this release is for information purposes only. This release is not, and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy any securities or other property interests.
To learn more visit www.syngenta.com and www.goodgrowthplan.com. Follow us on Twitter at www.twitter.com/SyngentaUS and on LinkedIn at www.linkedin.com/company/syngenta.
This document contains forward-looking statements, which can be identified by terminology such as 'expect', 'would', 'will', 'potential', 'plans', 'prospects', 'estimated', 'aiming', 'on track' and similar expressions. Such statements may be subject to risks and uncertainties that could cause the actual results to differ materially from these statements. For Syngenta, such risks and uncertainties include risks relating to legal proceedings, regulatory approvals, new product development, increasing competition, customer credit risk, general economic and market conditions, compliance and remediation, intellectual property rights, implementation of organizational changes, impairment of intangible assets, consumer perceptions of genetically modified crops and organisms or crop protection chemicals, climatic variations, fluctuations in exchange rates and/or commodity prices, single source supply arrangements, political uncertainty, natural disasters, and breaches of data security or other disruptions of information technology. Syngenta assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors.
© 2022 Syngenta, 2001 Butterfield Road, Suite 1600, Downers Grove, IL 60515. NK® and the Syngenta logo are trademarks of a Syngenta Group Company. All other trademarks are the property of their respective owners.
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https://www.mysuncoast.com/prnewswire/2022/07/27/nk-seeds-agronomic-alert-tar-spot/
| 2022-07-27T19:50:02Z
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Letter to the editor: Thank you, Jackson lunch ladies
As we approach the end of summer and time for students to go back to school, I’d like to reflect and share my thoughts on what the new school year’s grub situation is going to be.
As the most recent graduated class from Jackson, I’d like to express my gratitude for the lovely lunch ladies of Jackson. Every day, they welcomed me with a smile and generous servings of top-tier school cafeteria food. Even when main menu items seemed unhealthy, there was always an appealing clean option waiting.
However, as I count down the days to move-in day at The Ohio State University, I can’t but help feel concerned over the atmosphere of the dining halls and the friendliness of staff. When I ate there at orientation, I knew I was leaving the family feel and safety net that is what the Jackson lunch ladies provided.
Sure, the food at Ohio State was sensational, but when I grab breakfast there, I won’t be greeted by smiles, light-hearted conversations, and the stress-relieving effect lunch ladies have on your day.
I guess I am just nervous for the dining situation in college, but the Jackson cafeteria provided such a flawless environment that I grew very accustomed to. This is a thank you to the lunch ladies of Jackson and lunch ladies in general. Thank you for the lovely service, and may all of us have good luck this coming school year.
Avery Balcom, Jackson Township
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https://www.cantonrep.com/story/opinion/2022/08/02/letter-editor-thank-you-jackson-high-school-lunch-ladies/10154549002/
| 2022-08-02T10:43:29Z
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How marijuana use has changed during COVID-19
photolona // Shutterstock
How marijuana use has changed during COVID-19
Marijuana has been around for centuries, and it is one of the most common herbs known worldwide. It is used for medicinal and recreational purposes and is the third-most-popular recreational drug behind tobacco and alcohol. It is also unique among what are generally considered to be “illicit” substances in that its use has never been shown to directly lead to death. In fact, the U.S. Drug Enforcement Administration reported in 2020 that there have been no marijuana-related overdoses, making it the least harmful of such substances. Nearly half of people 12 or older in the United States have used marijuana at least once in their lives, according to National Center for Drug Abuse statistics, and almost 17% of all U.S. adults are current users.
Marijuana is the most-used, illegal substance in the U.S. (That’s right—even though numerous states have legalized the substance in recent years, it remains unapproved by the federal government.) Before the COVID-19 pandemic hit in March 2020, an estimated 48.2 million people were cannabis users. Today, that number has reached 55 million, with the highest rate of use among adults between the ages of 18 and 25.
Despite progress within the cannabis community for legalization and normalization of the substance, marijuana remains a controversial topic, with many people having strong opinions on whether it is safe or not. But what about during a pandemic? With the spread of COVID-19, has marijuana use changed? Let’s look at some of the latest research on marijuana during COVID-19. Stacker collected information from official studies, news reports and scientific research to understand how marijuana use changed during the pandemic.
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SA Production // Shutterstock
Sales increased in a number of states
The coronavirus pandemic’s impact on the U.S. economy and on the average person’s state of emotional and psychological health has been almost incalculable in its breadth and depth.
Many people reported using marijuana as a medicinal aid for anxiety and also as a simple form of stress relief. Numerous states characterized marijuana businesses as an essential service, thereby allowing shops to remain open while also providing pick-up and delivery services. One study published in 2021 in the International Journal of Drug Policy assessed changes in cannabis sales across Alaska, Colorado, Oregon, and Washington before and during the pandemic. The highest mean monthly cannabis sales in these states were reached during the pandemic period of 2020 as compared to 2019; all four states reached three-year peaks from the months May to July of that year. Subsequently, other states began to legalize recreational marijuana, such as New York in March 2021.
State tax and revenue records reveal that Americans purchased $7.6 billion more in cannabis products in 2020 than the year prior. As the pandemic took its initial toll on marijuana sales, consumers began stocking up in preparation for limited interactions with dispensaries as a result of lockdown orders. New consumers, accessibility of prescriptions, and newly legal states played a role in the cannabis boom during the pandemic. On April 1, 2022, the U.S. House passed the MORE Act, which would effectively legalize marijuana nationwide and expunge prior criminal penalties for the distribution or possession of marijuana.
While the bill has not been taken up by the Senate as of this writing, legalization has nonetheless spread across the nation at the state level, and with state taxes imposed on cannabis sales representing a fresh revenue stream for state governments, the industry will continue to thrive.
hanohiki // Shutterstock
Marijuana use among college students hit a record high
The National Institute on Drug Abuse’s 2020 Monitoring the Future study, which tracks substance use in adults ages 19-22 each year, found that marijuana use that year was at its highest level recorded since the 1980s.
In 2020, 44% of college students reported using marijuana in the last year, compared with 38% in 2015. Of that number 8% admit to daily or “heavy” usage. (Marijuana use on 20 or more days within a 30 day period is considered “daily” or “heavy” marijuana use.) As for young adults not enrolled in college, usage numbers stood at 43% which is the same level as recorded in 2018 and 2019.
Another study, published in January 2022 in the Journal of Studies on Alcohol and Drugs, found that the prevalence of cannabis use—not frequency—was actually down during the pandemic among a small sample size of college students. Researchers concluded that dependent vs. independent living was a major factor here, stating, “Living with parents appears to be protective against frequent cannabis use.”
Mitch M // Shutterstock
Problematic marijuana use is correlated with poorer COVID-19 outcomes
In a paper published in the Journal of Natural Products, research revealed that specific compounds could potentially stop the COVID-19 virus from attacking healthy cells, among them cannabinoid acids from hemp.
That is not to say that use beyond the occasional or medicinal did not have deleterious effects, however. According to a study published in January 2021 in Addiction Science & Clinical Practice, those who smoke marijuana and contract COVID-19 are five times more at risk of encountering life-threatening complications. The cardiac and respiratory effects are similar to those of tobacco use. Cannabis is retained in the body for a long period of time and has been associated with the development of lung cancer and other respiratory issues. The use of marijuana can also increase the risk of contamination by other viruses, such as the flu virus. In addition to chronic conditions as a result of smoking and the associated deterioration of muscles and organs, the impact of marijuana users getting COVID-19 comes with its complications, such as pneumonia, organ failure, and septic shock.
Atomazul // Shutterstock
Ballooning medical marijuana costs drove many to the black market
The cost is still high to get high.
Despite the legalization of recreational marijuana in 18 states (as well as Washington D.C.) and decriminalization in 26 states, affordability remains an issue. Colorado, Washington, Oregon, and California impose significant excise taxes on recreational marijuana, commonly known as “sin” taxes, which can drive prices up by as much as 35% or more. The price of medical marijuana from a dispensary can be more than double the cost of marijuana on the black market. For products that are not yet legal, such as marijuana-infused foods and drinks, the black markets are in a good position to monopolize those products. For individuals who are unable to obtain a medical card, it is expected that they will obtain their marijuana from their casual contacts. Many patients who qualify for a medical marijuana card may not be able to afford it with fees going upward of $200 per year.
r.classen // Shutterstock
Research suggests that marijuana and CBD may mitigate COVID-19 severity or transmission
In a series of studies, researchers tested the effects of cannabidiol, known as CBD, and other cannabis compounds on SARS-CoV-2, the virus strain that started COVID-19. Researchers studied interactions between CBD and the virus in mice, as well as in human lung cells. CBD is already FDA-approved for certain therapeutic medication. Research has demonstrated that CBD can protect healthy cells from the virus, which do not mutate or multiply as any virus would. Combining CBD with tetrahydrocannabinol (THC) decreased its efficacy. Clinical trials are still in progress but suggest that future preventative measures may include CBD. In addition to vaccination protocols, CBD could be a driving force in treating various viruses, including COVID-19 and Hepatitis C.
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https://localnews8.com/stacker-lifestyle/2022/04/15/how-marijuana-use-has-changed-during-covid-19/
| 2022-04-16T13:05:03Z
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Service layer complements API access to enable data exchange for stakeholders throughout (re)insurance community
PEARL RIVER, N.Y. and LONDON, Sept. 7, 2022 /PRNewswire/ -- ACORD Solutions Group, the provider of solutions for standardized data exchange throughout the global (re)insurance industry, today announced the launch of the ADEPT Portal, a service layer for users of ADEPT (ACORD Data Exchange Platform & Translator). Several ADEPT users, including SCOR and Echo Re, have already connected via the ADEPT Portal.
ADEPT enables real-time data exchange, translation, and transformation. It links trading partners, and provides data structure, validation, and reconciliation across a range of business functions. ADEPT delivers global interoperability by connecting trading partners, regardless of geography and existing level of data exchange maturity, by integrating seamlessly with existing platforms, portals, and infrastructure.
The ADEPT Portal is tailored to users of ADEPT for Global Reinsurance & Large Commercial (GRLC) Accounting & Claims. By providing this service layer over the top of ADEPT's RESTful APIs, the portal enhances access to ADEPT throughout the global (re)insurance community, allowing stakeholders to connect via their preferred channels and interact with a broad variety of senders and receivers.
"ADEPT has proven to be a sound platform, with standardized data exchange capabilities that have covered a large number of complex use cases we have come across," said Roman Kazancev, CTO of Jean Edwards Consulting, a global consultancy firm with extensive experience implementing ADEPT on behalf of a wide portfolio of (re)insurance and broking clients. "ADEPT has been consistently well received by a number of our reinsurance clients, and implementation is very straightforward with the assistance of the responsive ACORD Solutions team."
(Re)insurers and (re)brokers are able to send and receive Accounting & Claims transactions through the ADEPT Portal even if they are unable to, or choose not to, connect to the ADEPT APIs. Users can enact a full two-way workflow with counterparties who are also using ADEPT, or their own ACORD gateway. Other features include an intuitive dashboard, custom reports, and transaction downloads.
Users of ADEPT are able to integrate with clients of vendors throughout the ACORD Licensed Integrator Partner community, which includes all major placing platforms and policy administration systems for global specialty and reinsurance, as well as connect to existing and next-generation London Market services.
"The new ADEPT Portal is an easy way to access the benefits of standardized global data exchange," said Chris Newman, Managing Director – Global, ACORD. "Even those who are unfamiliar with the GRLC Standards will be able to quickly automate their inward and outward data exchange, and integrate with the global insurance ecosystem."
ACORD Solutions Group was created to solve critical industry challenges by delivering next-generation digital solutions and services. Our enterprise-class solutions optimize the speed, cost, and accuracy of data exchange, connecting stakeholders regardless of geography, role, and legacy constraints. ACORD Solutions Group is an extension of ACORD, the standards-setting body for the global insurance industry. Learn more at www.acordsolutions.com.
CONTACT:
Beth Jarecki
beth@lpendragonus.com
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https://www.mysuncoast.com/prnewswire/2022/09/07/acord-solutions-group-opens-user-portal-adept-data-exchange-platform/
| 2022-09-07T10:14:55Z
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MAUMEE, Ohio, April 25, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that it has secured a leading spot across the Automotive News PACE and PACEpilot Award programs with five innovative electrification technologies being named to the lists.
Now in its 28th year, the prestigious PACE Awards program recognizes suppliers for game-changing technologies that deliver superior innovation, technological advancement, and business performance. The PACEpilot award recognizes pre-commercial, post-pilot innovations in the automotive or future mobility space, including products, processes, software, and IT systems.
"As electrification technologies continue to be rapidly embraced by our customers across the wide spectrum of vehicle classes that we support, our team is focused on designing innovative solutions to address some of the toughest challenges in our industry today," said Christophe Dominiak, senior vice president and chief technology officer for Dana. "Whether it is individual components, fully integrated systems, or complete vehicle e-Propulsion, Dana is leveraging our expertise in design, engineering, manufacturing, and integration to meet the electrification needs of our customers across all mobility segments."
Three Dana innovations were named finalists for the PACE Awards:
- Complete vehicle integration for e-Propulsion and e-Power systems
Dana's complete e-Propulsion and e-Power systems provide customers with a propulsion system, including, motor, inverter, and driveline, as well as the e-Power system, which generates, stores, and manages the energy for the vehicle. This includes the electrified auxiliary systems, such as the onboard charger, as well as the vehicle-level software and controls – all developed and integrated by Dana. - Dana TM4™ high-performance inverter
The compact, power-dense Dana TM4™ inverter leverages the company's in-house power modules to deliver high reliability and efficiency for a broad range of two, three, and four-wheeled high-performance vehicle applications. - Metallic bipolar plates for fuel cell stacks
Dana's highly durable metallic bipolar plates with integrated metal bead seal are an integral component in the fuel-cell stack and deliver improved cost, performance, and manufacturability, aiding original equipment manufacturers in realizing commercialization of fuel-cell-powered mobility.
Two Dana innovations were named finalists for the PACEpilot awards:
- Electric rigid beam axle
Designed to meet the rigorous requirements of light-vehicle pickup truck applications, Dana's electric rigid beam axle is a compact, robust three-in-one system capable of handling on- and off-road performance.
- Composite battery enclosure with integrated thermal management
Supporting the continued drive to reduce weight and maximize durability, Dana's composite battery enclosure with integrated thermal management leverages the company's sealing and thermal engineering expertise to deliver an integrated solution for hybrid and electric-vehicle applications.
The list of finalists will be narrowed through an evaluation by an independent panel of judges, and the winners are expected to be announced in September.
About Dana Incorporated
Dana is a leader in the design and manufacture of highly efficient propulsion and energy-management solutions that power vehicles and machines in all mobility markets across the globe. The company is shaping sustainable progress through its conventional and clean-energy solutions that support nearly every vehicle manufacturer with drive and motion systems; electrodynamic technologies, including software and controls; and thermal, sealing, and digital solutions.
Based in Maumee, Ohio, USA, the company reported sales of $8.9 billion in 2021 with 40,000 people in 31 countries across six continents. Founded in 1904, Dana was named one of "America's Most Responsible Companies 2022" by Newsweek for its emphasis on sustainability and social responsibility. The company is driven by a high-performance culture that focuses on valuing others, inspiring innovation, growing responsibly, and winning together, earning it global recognition as a top employer. Learn more at dana.com.
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https://www.wibw.com/prnewswire/2022/04/25/dana-leads-automotive-news-pace-award-nominations-list-with-five-electrification-innovations/
| 2022-04-25T12:00:49Z
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June Dairy Month Initiative part of Real California Milk's #CADAIRY4GOOD program focused on increasing access to nutritious dairy foods for families in need
TRACY, Calif., June 2, 2022 /PRNewswire/ -- With one in five Californians currently struggling with food insecurity, partnerships between farmers and food banks are an essential tool in fighting hunger. In commemoration of World Milk Day and June Dairy Month, the California Milk Advisory Board (CMAB) announced a partnership with Feeding American and the California Association of Food Banks (CAFB) to provide access to nutritious dairy foods at sites serving families in need throughout the state.
A pilot program announced during a June 1 donation event at Sacramento Food Bank & Family Services in Sacramento, will provide five truckloads of cheese shreds in one-pound packages for distribution at 11 Feeding America and California Association of Food Bank sites. That's more than 3 million servings or 3.6 million grams of protein to nourish families. Part of the CMAB's #CADAIRY4GOOD, the pilot is phase one of an ongoing partnership with Feeding America that will deliver over $1 million in resources to food banks and feeding programs to source California dairy foods including cheese and fluid milk, one of the most requested and least donated items at food banks.
California Agriculture Secretary, Karen Ross, was onsite to help make the announcement, stating: "California dairy farmers have a long history of supporting the communities where they live and work. I'm pleased to join Real California Milk, Feeding America, and the California Association of Food Banks during dairy month to launch this partnership that provides products like cheese, a rich source of protein and other essential nutrients, to programs that serve families throughout the state."
"Farmers feed people, it's core to their personal values," said John Talbot, CEO of the CMAB. "California dairy farmers are passionate about nourishing communities everywhere with the wholesome goodness of milk. We're grateful to Feeding America for support to expand the reach of these essential resources."
The California cheese donation will be distributed to 11 food banks – Sacramento Food Bank & Family Services, Los Angeles Regional Food Bank, Feeding San Diego, Orange County Food Bank, Jacobs & Cushman San Diego Food Bank, Second Harvest Santa Cruz County, SLO Food Bank, Food Share of Ventura County, Food Bank of Contra Costa & Solano, Central California Food Bank and Second Harvest of the Greater Valley. These food banks have 3,095 community partner distribution organizations, including soup kitchens and pantries, and collectively distributed nearly 360 million meals in 2021 alone.
"Many of our neighbors are forced to make difficult decisions between paying for food or other essentials including housing. Low-income households spend one-third of their budget on food which means rising food costs can have a dramatic effect on food security," said Sam Schwoeppe, Senior Account Manager, Agri Sourcing Partnerships for Feeding America. "Public-private partnerships like this are an essential way to support the vulnerable members of our community and allow us to stretch resources to increase access for all members of the community."
"Our food banks continue to serve more than 1.5x pre-pandemic demand and we don't anticipate that stopping any time soon," said Maria Houlne, Director of Farm to Family for the California Association of Food Banks. "Food donations and grants from famers and organizations like CMAB, coupled with public initiatives like the state's CalFood program that allows food banks to purchase California-grown foods, are essential for food banks to meet that demand. Access to food is a basic human right."
The #CADAIRY4GOOD platform focuses on increasing access to nourishing dairy foods for families throughout California. In 2020 the CMAB provided more than 1 million servings of milk through grants to food banks in the state and in 2021 delivered 14 refrigeration units to school milk pantries in the Central Valley. Phase two of the 2022 program will focus on fluid milk with community milk drives and grants for food banks during September Hunger Action Month.
California is the number one dairy state. Its 1,100 family dairy farms are focused on delivering the wholesome goodness of California milk while creating a greener, more sustainable future for dairy in the state.
About Real California Milk/California Milk Advisory Board
The California Milk Advisory Board (CMAB), an instrumentality of the California Department of Food and Agriculture, is funded by the state's dairy farm families who lead the nation in sustainable dairy farming practices. With a vision to nourish the world with the wholesome goodness of Real California Milk, the CMAB's programs focus on increasing demand for California's sustainable dairy products in the state, across the U.S. and around the world. Connect with the CMAB at RealCaliforniaMilk.com, Facebook, YouTube, Twitter, Instagram and Pinterest.
About Feeding America
Feeding America® is the largest hunger-relief organization in the United States. Through a network of more than 200 food banks, 21 statewide food bank associations, and over 60,000 partner agencies, food pantries and meal programs, we helped provide 6.6 billion meals to tens of millions of people in need last year. Feeding America also supports programs that prevent food waste and improve food security among the people we serve; brings attention to the social and systemic barriers that contribute to food insecurity in our nation; and advocates for legislation that protects people from going hungry. Visit www.feedingamerica.org, find us on Facebook or follow us on Twitter.
About California Association of Food Banks (CAFB)
The California Association of Food Banks leads the collective effort to end hunger in California. Every day, CAFB works to ensure its 41 member food banks have the tools and resources they need to do what they do best: feed our communities, while also working to change the systems that create hunger in the first place. Learn more at cafoodbanks.org.
About Sacramento Food Bank & Family Services (SFBFS)
Sacramento Food Bank & Family Services is a local, nonprofit 501(c)3 organization. SFBFS is dedicated to assisting those in need by alleviating their immediate pain and problems and moving them toward self-sufficiency and financial independence. With a staff of 90 and a volunteer force of 11,000, SFBFS is committed to feeding 250,000 seniors, families and children each month. Learn more at sacramentofoodbank.org.
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SOURCE California Milk Advisory Board
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https://www.wibw.com/prnewswire/2022/06/02/california-dairy-families-partner-with-feeding-america-california-association-food-banks-shred-hunger-with-pilot-project-delivering-more-than-190000-pounds-cheese-feeding-programs-throughout-state/
| 2022-06-02T16:21:42Z
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DAKAR, Senegal (AP) — West Africa is facing its worst food crisis in a decade due to increasing conflicts, droughts, floods and the war in Ukraine, nearly a dozen international organizations said in a report Tuesday.
The number of West Africans needing emergency food assistance has nearly quadrupled from 7 million in 2015 to 27 million this year in nations including Burkina Faso, Niger, Chad, Mali and Nigeria, where thousands have also been displaced because of rising Islamic extremist violence, the report said.
That number could jump to 38 million by June if action isn’t taken soon to help people in the Sahel, the sweeping region south of the Sahara Desert, the groups warned.
“Cereal production in some parts of the Sahel has dropped by about a third compared to last year. Family food supplies are running out. Drought, floods, conflict, and the economic impacts of COVID-19 have forced millions of people off their land, pushing them to the brink” according to Assalama Dawalack Sidi, Oxfam’s regional director for West and Central Africa.
Children are suffering deeply, with estimates by the United Nations saying that some 6.3 million children 5 years and under will be acutely malnourished this year. Young girls will also face the brunt of the problem, being forced into early marriage or facing gender-based violence as food becomes scarcer, the 11 international organizations said.
Drought and poor rainfall distribution have reduced the food sources in many communities in the central Sahel region, the report said. Food prices have increased by up to 30% in West Africa, it said.
Global prices have risen as trade has been interrupted by the war in Ukraine, according to the U.N. Food and Agriculture Organization. Wheat availability will also be greatly affected in six West African countries that import at least 30% of their wheat from Russia and Ukraine, it said.
The crisis in Europe is also resulting in funding cuts to aid in Africa and $4 billion is needed to provide adequate support to the continent, the report said.
“Ukraine is receiving the right level of solidarity and care, this level should be the standard for responses to all crises, everywhere else,” said Moumouni Kinda, director-general of ALIMA.
The appeal comes before a conference on the Sahel on Wednesday which Oxfam’s Sidi said will be “a unique opportunity to mobilize the necessary emergency food and nutrition assistance and to prove that the lives of people in Africa are not worth less than those in Europe.”
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https://cw33.com/news/international/ap-international/west-africa-has-worst-food-crisis-in-decade-aid-groups-say/
| 2022-04-05T18:50:36Z
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Antarctica's so-called "doomsday glacier" -- nicknamed because of its high risk of collapse and threat to global sea level -- has the potential to rapidly retreat in the coming years, scientists say, amplifying concerns over the extreme sea level rise that would accompany its potential demise.
The Thwaites Glacier, capable of raising sea level by several feet, is eroding along its underwater base as the planet warms. In a study published Monday in the journal Nature Geoscience, scientists mapped the glacier's historical retreat, hoping to learn from its past what the glacier will likely do in the future.
They found that at some point in the past two centuries, the base of the glacier dislodged from the seabed and retreated at a rate of 1.3 miles (2.1 kilometers) per year. That's twice the rate that scientists have observed in the past decade or so.
That swift disintegration possibly occurred "as recently as the mid-20th century," Alastair Graham, the study's lead author and a marine geophysicist at the University of South Florida, said in a news release.
It suggests the Thwaites has the capability to undergo a rapid retreat in the near future, once it recedes past a seabed ridge that is helping to keep it in check.
"Thwaites is really holding on today by its fingernails, and we should expect to see big changes over small timescales in the future -- even from one year to the next -- once the glacier retreats beyond a shallow ridge in its bed," Robert Larter, a marine geophysicist and one of the study's co-authors from the British Antarctic Survey, said in the release.
The Thwaites Glacier, located in West Antarctica, is one of the widest on Earth and is larger than the state of Florida. But it's just a faction of the West Antarctic ice sheet, which holds enough ice to raise sea level by up to 16 feet, according to NASA.
As the climate crisis has accelerated, this region has been closely monitored because of its rapid melting and its capacity for widespread coastal destruction.
The Thwaites Glacier itself has concerned scientists for decades. As early as 1973, researchers questioned whether it was at high risk of collapse. Nearly a decade later, they found that -- because the glacier is grounded to a seabed, rather than to dry land -- warm ocean currents could melt the glacier from underneath, causing it to destabilize from below.
In the 21st century, researchers began documenting the Thwaites' rapid retreat in an alarming series of studies.
In 2001, satellite data showed the grounding line was receding by around 0.6 miles (1 kilometer) per year. In 2020, scientists found evidence that warm water was indeed flowing across the base of the glacier, melting it from underneath.
And then in 2021, a study showed the Thwaites Ice Shelf, which helps to stabilize the glacier and hold the ice back from flowing freely into the ocean, could shatter within five years.
"From the satellite data, we're seeing these big fractures spreading across the ice shelf surface, essentially weakening the fabric of the ice; kind of a bit like a windscreen crack," Peter Davis, an oceanographer with the British Antarctic Survey, told CNN in 2021. "It's slowly spreading across the ice shelf and eventually it's going to fracture into lots of different pieces."
Monday's findings, which suggest the Thwaites is capable of receding at a much faster pace than recently thought, were documented on a 20-hour mission in extreme conditions that mapped an underwater area the size of Houston, according to a news release.
Graham said that this research "was truly a once in a lifetime mission," but that the team hopes to return soon to gather samples from the seabed so they can determine when the previous rapid retreats occurred. That could help scientists predict future changes to the "doomsday glacier," which scientists had previously assumed would be slow to undergo change -- something Graham said this study disproves.
"Just a small kick to the Thwaites could lead to a big response," Graham said.
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https://www.albanyherald.com/news/doomsday-glacier-which-could-raise-sea-level-by-several-feet-is-holding-on-by-its/article_4b9f4509-d444-5ac2-957a-13996dfd9ad8.html
| 2022-09-05T16:45:07Z
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New pricing model is simple, transparent, and disrupts the industry-standard subscription-based offerings.
BEVERLY, Mass., June 2, 2022 /PRNewswire/ -- Blues Wireless, the emerging leader in defining the full-stack IoT edge-to-cloud market, today announced a pricing update that disrupts the industry-standard subscription-based model. The update drastically simplifies how customers pay for and consume data-routing services through Blues Wireless hardware and software.
Blues Wireless is the only IoT company that offers a tiny 30mm x 35mm low-power design, secure System-on-Module (the Notecard) that includes 500 MB of prepaid cellular connectivity. In addition to its small form factor, low-power design, robust security, and baked-in cellular connectivity, Notecards also contain an on-system database, file management, and machine learning capabilities. With the purchase of a Blues Notecard, customers get free, unlimited access to the Blues Notehub, a cloud-based software as a service (SaaS) that allows customers to create projects and activate, configure, and manage their IoT devices from prototype to production at scale.
Blues now provides customers the ability purchase Consumption Credits to use towards Notehub services, such as routing events to their preferred cloud solutions like AWS, Microsoft Azure, or Google Cloud. Customers control what they buy, how they use it, and what they use it for. Volume discounts are baked in. Full transparency - no subscriptions, obligations, or annoying fees.
"Our core objective is to eliminate the complexity involved in connecting IoT devices to the cloud," said Ray Ozzie, founder & CEO of Blues Wireless. "The Notecard has fundamentally changed the game, eliminating complexity in part through embedded cellular. Today, we're changing the game again with Notehub, eliminating complexity by embedding PaaS. From device to cloud: no subscription required."
As of May 26, 2022, the following changes went into effect:
- No monthly project subscription fees.
- Each Notehub account now features a Billing Account, moving from project-based billing to account-based consumption, allowing all projects to consume services from the same account.
- Unlimited projects and users within Notehub.
- No monthly in arrears fees for routing events and APIs.
- Consumption Credit model that allows for improved consumption of current and future services made available in Notehub.
Consumption Credit model:
- 5,000 Consumption Credits are included with each newly purchased and activated Notecard at no additional cost.
- Consumption Credits are consumed from the Notehub Billing Account as Notehub services, such as data routing, are utilized.
- Each Notehub Billing Account is refreshed to 5,000 Consumption Credits at the beginning of each month if it's running low, at no additional cost.
- Additional Consumption Credits may be purchased from Notehub and discounts are available, up to 80% based on volume purchased.
"Enterprises and individuals are tired of the fee-based, multi-year subscription model. People want simplicity, affordability, control, and transparency," said Jim Hassman, President & CRO of Blues Wireless. "Every single company and person we have shown this pricing model to has confirmed that this is the future of IoT."
In addition to simplifying the pricing model, Blues is also simplifying its pricing plans. Going forward, there will only be two plan options: Standard or Enterprise.
Standard Plan: Cellular connectivity and 5,000 consumption credits are included with each Notecard, and billing accounts will refresh to 5,000 consumption credits monthly if running low. Effectively a freemium offering, customers on the standard plan who are prototyping and testing new IoT concepts will likely have no need to purchase anything from Blues. Customers who need more Consumption Credits for their projects can purchase them at any time and take advantage of connectivity and Consumption Credit assurance in Notehub to ensure they never run out.
Enterprise Plan: Customers with large fleets and special requirements will be able to take full advantage of the features of the Standard Plan and be eligible for á la cart features of the Enterprise Plan around hosting, support, and services.
For more information, visit blues.io/pricing.
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SOURCE Blues Wireless
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https://www.wibw.com/prnewswire/2022/06/02/new-consumption-based-iot-pricing-model-blues-wireless-replaces-competitor-subscription-models/
| 2022-06-02T16:25:30Z
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Which hand tiller is best?
Tillers are tools for preparing soil for planting by loosening and mixing up the dirt. Tilling improves air circulation, pushes fertilizers and nutrients deeper into the soil, and breaks up weeds at the roots. Tillers are also used to remove grasses and weeds around the edges of gardens and flower beds, and to mix nutrients into the soil. And in addition to all the benefits your plants and soil get when you use a hand tiller, you’re getting some healthy exercise.
If you are looking for an excellent tiller, the Yard Butler Heavy-Duty Twist Tiller offers powder-coated steel with a cushioned ergonomic handle.
What to know before you buy a hand tiller
Tillers, cultivators, rakes and hoes are all tools made to work the soil. Tillers and cultivators are designed with some of the elements of rakes and hoes combined. Hand tillers are made principally for working small areas, so if your garden is a large one, you might want to take a look at an electric tiller.
Handles
- Short-handled tillers are about the size of a large hammer and require gardeners to kneel on the ground while working the soil. Short-handled tillers are used with only one hand at a time and are good for working small beds and in tight places.
- Long-handled tillers are made to be used while you’re standing. Long-handled tillers are better when more strength is required to break up tough soil, because you use both hands and your body’s weight to exert downward pressure.
The proper handle length is one where you can comfortably hold your tiller while standing upright. If you have to bend over, your tiller handle is too short, and you are likely to strain your back.
Material
- Wood handles are found on many short-handled tillers. They should be made of hardwoods that take a bit of abuse without breaking.
- Metal handles are found on a few short-handled tillers and most long-handled ones. Aluminum resists rust and is lighter than steel, but it’s less durable. Steel is sturdier but heavier, and resists rusting only if stainless or powder-coated.
What to look for in a quality hand tiller
Grip
As you are supplying all the power, the grip is all-important. Look for cushioned handles made of non-slip materials that are easy to grip and feel good in the hand.
Tines
Tines are the sharp projecting prongs, claws or teeth that do the actual tilling of the soil. The effectiveness of your tilling depends upon three things:
- Tine size: The bigger your tiller’s tines, the more effectively they break up hard soils.
- Tine shape: Most are a basic L-shape, like a crooked finger. Some designs are corkscrewed to break up the ground more easily and efficiently.
- Tine layout: Tools with fewer tines are best for small areas and tight spaces. The more tines you have, the quicker the work, but the harder it is to push the tines through the soil.
Ease of replacement
The tines on long-handled tillers ultimately bend or break when used in really tough soil, so look for tillers where they are easily replaced or, better yet, covered by a lifetime warranty.
How much you can expect to spend on a hand tiller
Short-handled hand tillers cost from $10-$30. Long-handled ones cost from $30-$50, depending upon their size and the materials used in their construction.
Hand tiller FAQ
Is a tiller the same thing as a cultivator?
A. Tillers and cultivators both work the soil, but tillers break up the soil while cultivators mix it. Strictly speaking, tillers would be used to create new garden beds while cultivators would be used to prepare existing garden beds. The tiller is designed to cut through tough turf where the cultivator isn’t. Tiller/cultivator combinations are made to do both, and a good choice for beginning gardeners.
How big an area can I till by hand?
A. Tilling can be exhausting work, especially when done by hand. Unless you are accustomed to rigorous physical labor, keep your ambitions modest. Small, short-handled tillers are good for small flower beds and long-handled tillers are good for small vegetable gardens.
What’s the best hand tiller to buy?
Top hand tiller
Yard Butler Heavy-Duty Twist Tiller
What you need to know: A wide horizontally mounted handle makes it easy to twist with minimal effort.
What you’ll love: The cushioned ergonomic T-handle is comfortable to hold and operate. The shaft is powder-coated steel and the step plate is positioned directly above the blades to exert maximum downward pressure to loosen, turn and till your soil.
What you should consider: It’s not effective in dense clay soils.
Where to buy: Sold by Amazon
Top hand tiller for the money
Edward Tools Hand Tiller Hoe and Cultivator
What you need to know: This tiller is used to till and cultivate small areas while kneeling.
What you’ll love: The blade is made of strong carbon steel and the ergonomic 14-inch solid oak handle has a comfortable rubber grip. It comes with a lifetime replacement warranty.
What you should consider: Some reviewers warned that the rubber grip may come loose.
Where to buy: Sold by Amazon
Worth checking out
Fiskars 40- to 60-Inch Telescoping Rotary Cultivator
What you need to know: The six spiked wheels dig deep into the ground as they roll to loosen soil, uproot weeds and mix in nutrients.
What you’ll love: The lightweight aluminum handle will never rust and the telescoping feature makes it easy to adjust to the length most comfortable for you. You can remove the center wheel to till around newly planted seedlings without damaging them.
What you should consider: Some customers said they needed to keep tightening the handle.
Where to buy: Sold by Amazon
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved.
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https://cw33.com/reviews/best-hand-tiller/
| 2022-08-12T03:25:37Z
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LONDON (AP) — A British government ethics advisor on Wednesday cleared Treasury chief Rishi Sunak of wrongdoing over his wife’s tax affairs and his possession of a U.S. permanent resident’s card.
Sunak asked Christopher Geidt to investigate potential ministerial conduct breaches after revelations that Akshata Murty, Sunak’s wife, did not pay U.K. tax on overseas income and that Sunak held a green card, which requires bearers to file U.S. tax returns. Sunak gave up his green card last year, two years after being appointed chancellor of the Exchequer.
There were no allegations of lawbreaking, but critics said the arrangements were inappropriate for the official in charge of taxation and the economy at a time when Britain is facing a cost-of-living crisis fueled by soaring energy prices.
Geidt, the adviser on ministers’ interests, found two instances where Murty’s tax status “could have given rise to a conflict of interest” for Sunak, but said in both cases Sunak had dealt with them properly and openly. He also concluded that there was no “inherent conflict of interest” in Sunak holding a green card.
Geidt said Sunak had been “assiduous in meeting his obligations and in engaging with this investigation.”
Murty owns a stake in Infosys, an Indian IT company founded by her billionaire father, that has received more than 50 million pounds ($63 million) in U.K. public sector contracts since 2015. Geidt said the shareholding was “properly declared” and the firm has held no Treasury contracts during Sunak’s time in office.
Sunak, a 41-year-old former hedge fund manager, had been seen as a likely successor to Conservative Prime Minister Boris Johnson, until the financial revelations raised questions about his judgment and damaged his sure-footed image. He has also been fined by police, along with Johnson and some 50 others, for attending a party in the prime minister’s office in 2020 that broke coronavirus lockdown rules at the time.
Geidt answers directly to the prime minister, and has been accused of going easy on top officials in his investigations. Last year he cleared Johnson of breaking the ministerial code by failing to disclose that a Conservative party donor had funded a pricey refurbishment of the prime minister’s official residence.
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https://cw33.com/business/ap-business/ethics-probe-clears-uk-treasury-chief-over-wifes-tax-status/
| 2022-04-27T18:56:01Z
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SAN FRANCISCO, June 23, 2022 /PRNewswire/ -- The Metropolitan Transportation Commission (MTC) and Bay Area transit agencies encourage travelers going to San Francisco for Sunday's Pride parade or to participate in other Pride celebration events this weekend to:
- Travel by train, bus or ferry
- Beat the lines by putting a Clipper card on your mobile phone ahead of time
- Visit clippercard.com for more information about using Clipper on your phone
Clipper this week added back-end processing capacity to prevent the loading delays experienced this past Monday by some of the San Francisco-bound travelers celebrating the Golden State Warriors' latest NBA championship.
Clipper is available for mobile phones through either Apple Pay or Google Pay. Clipper will waive the standard $3 new-card fee for customers who choose Clipper on their phone. The $3 fee will be charged to customers who opt for a traditional plastic card.
Adding a Clipper card to Google Pay, to an Apple iPhone 8 or later, or to an Apple Watch Series 3 or later is easy. Apple customers can add the card directly through Apple Wallet and load cash value with Apple Pay anytime, anywhere. Customers with Android system phones running Android 5 or later similarly can add the Clipper card directly through Google Pay and load cash value anytime, anywhere.
MTC is the transportation planning, funding and coordinating agency for the nine-county Area. MTC operates the Clipper system on behalf of the region's transit agencies.
View original content to download multimedia:
SOURCE Metropolitan Transportation Commission
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https://www.kxii.com/prnewswire/2022/06/24/ride-pride-with-clipper-your-phone/
| 2022-06-24T01:18:03Z
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Which allergy eye drops for kids are best?
Allergies are one of the smallest annoyances that can have a big impact on your happiness. One of the worst places affected is the eyes. The itchiness, the swelling, the red-eye and eye-watering are horrible for an adult but even worse for children.
Help them cut down their misery with Similasan Kids Allergy Eye Relief Drops. It’s specially formulated just for kids, so they can quickly go back to being happy and comfortable again.
What to know before you buy allergy eye drops for kids
Types of allergy eye drops for kids
There are four types of allergy eye drops for kids.
- Antihistamine drops are the most common. They can treat up to moderate symptoms by blocking the body’s ability to produce histamine in response to allergens. They work fast but don’t last and come in prescription and over-the-counter strengths.
- Anti-inflammatory drops soothe nerve endings in the eye. Initial dosing causes a stinging sensation that is unpopular with children. They can take as long as an hour for relief to set in, but they last as long as 12 hours. They can be OTC or prescription strength.
- Mast cell drops are unusual for kids as they’re meant to relieve severe and long-lasting symptoms. They’re available OTC, but you should check with your pediatrician before using them.
- Steroidal drops are rarely offered to children. They’re prescription-only and have potentially severe side effects. They’re only meant for short-term use.
Covered symptoms
Most allergy eye drops, for any age, only cover one or two symptoms rather than all of them. The most common symptoms covered are either itchiness and wateriness or redness. Some formulas are listed as multi-symptom. While they do cover more symptoms, they may not cover all of them with the same efficacy.
Coverage range
Children hate eye drops enough as it is, so you’ll want to prioritize looking for a formula that’s listed as longing for at least six to 12 hours. However, short-term drops may be effective enough for mild cases.
What to look for in quality allergy eye drops for kids
Hydration
If your child’s chief complaint is dryness, look for drops that have hydrating and moisturizing ingredients.
Sensation
It deserves to be said again: children hate eye drops. Some drops have an immediate stinging sensation when applied. You should avoid these drops at all costs if you want to be able to use them more than once in your child’s eyes.
How much you can expect to spend on allergy eye drops for kids
Allergy eye drops for kids are usually a little pricier despite being mostly the same as a standard allergy eye drop. The cheapest options rarely cost less than $10, while others can cost as much as $20-plus.
Allergy eye drops for kids FAQ
Is there a minimum age that kids have to be for safe allergy eye drop usage?
A. Yes. Any given product will have a different age limit, but most are safe for children at least 3 years old. Some rare formulas are safe for children a year younger. If you have a child younger than two or three and think they may need eye allergy relief, you’ll need to visit your pediatrician for a specialized prescription.
How long will a bottle of allergy eye drops for kids last?
A. Allergy eye drops for kids have two expiration dates: a sealed date and an opened date. Sealed dates can go for years before the eye drops expire, but once you open the box and break the dropper’s seal, you only have a few months at best. To extend your open dropper’s lifespan, avoid touching the dropper’s tip, and keep the lid tightly closed when not in use. No matter what, you should toss open eye drops after three months to be safe.
What are the best allergy eye drops for kids to buy?
Top allergy eye drops for kids
Similasan Kids Allergy Eye Relief Drops
What you need to know: This is affordably priced and effective.
What you’ll love: These drops are suitable for kids aged 2 and older, which is a full year younger than most other drops. It covers all the common eye-related allergy symptoms while using only natural ingredients instead of chemicals. Relief takes effect within minutes of application.
What you should consider: These drops expire 30 days after they’ve been opened. Some consumers reported severe allergic reactions to this product. It has no moisturizing properties.
Where to buy: Sold by Amazon
Top allergy eye drops for kids for the money
Systane Zaditor Antihistamine Eye Drops, 2 Count
What you need to know: This combo pack covers kids and adults.
What you’ll love: These drops trigger symptom relief quickly and the relief lasts for up to 12 hours. Unlike most allergy drops, these require only a single drop per eye to be effective and the application doesn’t sting. These are suitable for children 3 and older.
What you should consider: Some consumers’ relief length fell well short of the 12-hour claim. They mainly target itchy eyes rather than full symptom relief.
Where to buy: Sold by Amazon
Worth checking out
Bausch+Lomb Alaway Children’s Antihistamine Eye Drops
What you need to know: This is another well-priced and effective eye drop.
What you’ll love: These prescription-strength OTC drops target itchy and watery eyes and are suitable for children 3 and older. Relief takes effect within 5 minutes and can last as long as 12 hours. It targets allergy sources such as pollen, ragweed and animal hair.
What you should consider: It’s a little on the pricey side and only contains .17 fluid ounces of product. If these drops get into the sinus cavity they can cause nosebleeds.
Where to buy: Sold by Amazon
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Jordan C. Woika writes for BestReviews. BestReviews has helped millions of consumers simplify their purchasing decisions, saving them time and money.
Copyright 2022 BestReviews, a Nexstar company. All rights reserved.
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https://cw33.com/reviews/br/health-wellness-br/ears-nose-throat-br/best-allergy-eye-drops-for-kids/
| 2022-04-05T18:54:12Z
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Denver Grand Opening to take place on Saturday, June 18 at 10 a.m. MDT.
NEWARK, Calif., June 17, 2022 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest range, fastest charging electric car on the market, today announced the official opening of its first Studio location in Denver, CO at the Cherry Creek Shopping Center. This Studio opening marks 27 Studio and service center locations open in North America. The Lucid Studio in Cherry Creek will be open to the public starting on Saturday, June 18.
"The state of Colorado's ambitious plans to support the acceleration of widespread electrification closely align with our mission to inspire the adoption of electric vehicles," said Zak Edson, Lucid's Vice President of Sales and Service. "The new Lucid Studio in Cherry Creek will provide excellent exposure to the Lucid Air in an area quickly growing in electric vehicle sales."
Every Lucid Studio offers a digitally oriented luxury experience tailored to each customer's preferences, whether they visit in-person, make inquiries entirely online, or combine the two. Lucid Studios allow customers to experience the brand and obtain information about its products in locations that underscore the company's unique design aesthetic. Visitors who explore a Lucid Studio will get a vision of how the company draws inspiration from the beauty, innovation, and diversity of its home state of California. In addition, Lucid Studios augment the physical experience of seeing and touching a Lucid Air with an elevated digital experience. Using a 4K VR configurator, Lucid's Virtual Reality Experience combines the physical and virtual worlds to showcase seamless personalization of everything from interior finishes and materials to exterior color.
For those customers who aren't able to visit a Lucid Studio, there is Lucid Studio Live, a private virtual tour that lets customers browse and build their dream car with the guidance of a Lucid team member. Each one-to-one appointment allows plenty of time for questions and offers an incredible 360° look at Lucid Air. Customers can see everything from views inside the cabin, into the trunk and frunk, to outside and even above the vehicle—all set in their choice of iconic California backdrops. From there, customers can save a favorite design configuration to their Lucid account if they wish.
Additional locations will continue to open as Lucid expands its presence in North America and globally. Customers can visit during normal business hours or can book a personal appointment by contacting the Lucid team at lucidmotors.com/contact. They can always start exploring the Lucid Air through the "Design Yours" Configurator.
Lucid's mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. The company's first car, Lucid Air, is a state-of-the-art luxury sedan with a California-inspired design that features luxurious full-size interior space in a mid-size exterior footprint. Underpinned by race-proven battery technology and proprietary powertrains developed entirely in-house, Lucid Air was named the 2022 MotorTrend Car of the Year®. The Lucid Air Grand Touring features an official EPA estimated 516 miles of range or 1,050 horsepower. Customer deliveries of Lucid Air, which is produced at Lucid's new factory in Casa Grande, Arizona, are underway.
This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners.
This communication includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target," "continue," "could," "may," "might," "possible," "potential," "predict" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding plans and expectations regarding the new Lucid Studio in Cherry Creek, expectations regarding studio experience, including in-person and virtual customer experiences, plans regarding future openings of new Studios and Service Centers, including planned locations, and the promise of Lucid's technology. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Lucid's management. These forward-looking statements are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from these forward-looking statements. Many actual events and circumstances are beyond the control of Lucid. These forward-looking statements are subject to a number of risks and uncertainties, including those factors discussed under the heading "Risk Factors" in Part II, Item 1A of Lucid's Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, as well as other documents Lucid has filed or will file with the Securities and Exchange Commission. If any of these risks materialize or Lucid's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Lucid presently does not know or that Lucid currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Lucid's expectations, plans or forecasts of future events and views as of the date of this communication. Lucid anticipates that subsequent events and developments will cause Lucid's assessments to change. However, while Lucid may elect to update these forward-looking statements at some point in the future, Lucid specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Lucid's assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.
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SOURCE Lucid Motors
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https://www.mysuncoast.com/prnewswire/2022/06/17/lucid-motors-opens-first-retail-studio-state-colorado-denver-studio-cherry-creek-shopping-center/
| 2022-06-17T14:39:49Z
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Followers can join the challenge by creating their own #RainbowRunway walk for a chance to join Kanemura at Honolulu Pride Parade and Festival in October
HONOLULU, June 15, 2022 /PRNewswire/ -- In honor of National Pride Month, Hawaiian Airlines tapped Hawaiʻi-born dance celebrity Mark Kanemura to kick off its #RainbowRunwayChallenge in a vibrant celebration of inclusivity and aloha. Coinciding with the debut of the airline's new TikTok channel, followers are encouraged to create their own #RainbowRunwayChallenge dance or walk inspired by the video for a chance to win 160,000 HawaiianMiles, a five-night stay at the Royal Hawaiian Resort and a chance to join Kanemura as the guest of honor on Hawaiian's Rainbow Runway float at the Honolulu Pride Parade and Festival on Oct. 15.
"Dance is a universal language that can break barriers, and the #RainbowRunwayChallenge represents an opportunity for people to express themselves in a fun and prideful way. I have always believed that dance is for everyone, and I am so excited to connect with people through this challenge," said Kanemura. "This video is all about self-expression and pride, and during the filming I was reminded how proud I am to be from this special place and to be a part of this beautiful community. I cannot wait to return in October for an even bigger celebration!"
The video for the #RainbowRunwayChallenge takes viewers through Kanemura's hometown to seven notable locations across Oʻahu representing a different color of the rainbow, including the Royal Hawaiian Resort, also known as the "Pink Palace" (red), Waikīkī's Surfboard Alley (orange), Waimānalo Country Farms' sunflower fields (yellow), Kāko'o ʻŌiwi's taro patches (green) and the famous Waikīkī pier (blue). The video concludes with an epic dance celebration on a runway at Honolulu's Daniel K. Inouye International Airport, backed by the airline's iconic Pualani aircraft tail (purple). Along the way, Kanemura is joined by several friends who include local LGBTQ+ influencers, keiki (kid) pop dancers, hula dancers, drag queens and members of Hawaiian's LGBTQ+ employee resource group, Haʻaheo (pride).
The #RainbowRunwayChallenge will come full circle in October for Honolulu Pride, where the sweepstakes winner will join Kanemura as the guest of honor on the official larger-than-life Hawaiian Airlines' Rainbow Runway float.
The 2022 Honolulu Pride Parade and Festival will kick off on Oct. 1 with events throughout the month. This year's theme, "Rooted in Pride," celebrates the cultural and ancestral queer roots in the Hawaiian Islands. As the official airline sponsor of Honolulu Pride, Hawaiian Airlines proudly supports The Hawaiʻi LGBT Legacy Foundation in their mission to educate, facilitate and empower LGBTQA+ people as integral members of Hawaiʻi's diverse community.
Guests can also follow Kanemura's footsteps and explore his favorite Oʻahu stops by checking out his new exclusive Island Guide feature.
Follow Hawaiian Airlines on TikTok (@HawaiianAir) and Instagram (@HawaiianAirlines). For more information and official rules and regulations of the #RainbowRunwayChallenge, please visit HawaiianAirlines.com/OfficialRules.
The official #RainbowRunway video with Mark Kanemura can be found here.
Hi-res stills from the video can be downloaded HERE.
Hawaiian® has led all U.S. carriers in on-time performance for each of the past 18 years (2004-2021) as reported by the U.S. Department of Transportation and was named No. 1 U.S. airline by Condé Nast Traveler's 2021 Readers' Choice Awards. Consumer surveys by Travel + Leisure and TripAdvisor have placed Hawaiian among the top of all domestic airlines serving Hawaiʻi.
Now in its 93rd year of continuous service, Hawaiian is Hawaiʻi's biggest and longest-serving airline. Hawaiian offers approximately 130 daily flights within the Hawaiian Islands, daily nonstop flights between Hawaiʻi and 16 U.S. gateway cities – more than any other airline – as well as service connecting Honolulu and American Samoa, Australia, Japan, New Zealand, South Korea and Tahiti.
The airline is committed to connecting people with aloha by offering complimentary meals for all guests on transpacific routes and the convenience of no change fees on Main Cabin and Premium Cabin seats. HawaiianMiles members also enjoy flexibility with miles that never expire. As Hawai'i's hometown airline, Hawaiian encourages guests to Travel Pono and experience the islands safely and respectfully.
Hawaiian Airlines, Inc. is a subsidiary of Hawaiian Holdings, Inc. (NASDAQ: HA). Additional information is available at HawaiianAirlines.com. Follow Hawaiian's Twitter updates (@HawaiianAir), become a fan on Facebook (Hawaiian Airlines), and follow us on Instagram (hawaiianairlines) and TikTok (@HawaiianAirlines). For career postings and updates, follow Hawaiian's LinkedIn page.
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SOURCE Hawaiian Airlines
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https://www.wibw.com/prnewswire/2022/06/15/hawaiian-airlines-partners-with-celebrity-dance-sensation-mark-kanemura-launch-rainbowrunwaychallenge/
| 2022-06-15T19:50:54Z
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ALAMEDA, Calif., Sept. 15, 2022 /PRNewswire/ -- Rosefield Village was developed by Island City Development, an affiliate of the Housing Authority of the City of Alameda (AHA). Rosefield Village provides 92 affordable apartment homes (including one manager's unit) for families in a warm and friendly environment. The site is a prime example of how redevelopment of existing properties can provide opportunities to increase the number of affordable homes—originally, Rosefield Village property had 53 units. The 2.4-acre property is located at 727 Buena Vista Ave, in an amenity-rich neighborhood, one block from the Webster Street commercial district.
"With stellar complexes such as Rosefield, the Housing Authority of the City of Alameda and its affiliates seek to double their affordable housing footprint in the City of Alameda over the next decade," says Kenji Tamaoki, Board President, "This development moves us forward in our goal to serve more Alamedans."
Rosefield Village makes a historical nod to the location through its elected name. The site is the former location of the first Rosefield Packing Company food processing plant built circa 1915. In 1932, Mr. Rosefield patented a process for making homogenized peanut butter creating the first Skippy peanut butter! The factory was purchased in 1955 and officially closed in 1974. Four years later, AHA purchased the site and used the building as the home office and maintenance facility. In the 1980's the Eagle Avenue Modular developments were completed, replacing what had once been dilapidated housing for military personnel unused since WWII.
Post-new construction and renovation in 2022, Rosefield Village now serves twice as many families. Rosefield Village incorporates significant green building techniques and universal design strategies to maximize livability and visit-ability for households with an array of family sizes, age ranges, and talents. This building was designed with sustainability in mind and is in-process of obtaining Green Point Rated Gold certification – an industry standard for sustainable development. Rooftop solar panels will provide energy to offset 20% of common area energy usage. Rosefield Village has Bay-Friendly rated landscaping which incorporates practices of water saving, maintenance labor savings, non-toxic weed suppression, reduction of run off, and potential greenhouse gas reduction are throughout the property. Additionally, flooring throughout the building is made of sustainable materials; energy efficient lighting is throughout; and all appliances are modern energy efficient models.
"The City of Alameda is pleased that the innovative transformation of Rosefield Village, located in the vibrant West End District, has created almost twice as many affordable apartments as the original project, at a time when affordable housing is desperately needed" says Mayor Marilyn Ezzy Ashcraft.
The Housing Authority is pleased to be able to provide the City of Alameda with ninety-two additional affordable Family apartment homes and appreciates all who have been involved in the process. Thank you especially to the Alameda City Council for its continued support of affordable housing and to the City staff who worked alongside Housing Authority staff from the project's first development applications through lease up.
This $72 million dollar investment would not be possible without numerous funding partners – The land is owned by the Housing Authority of the City of Alameda, and its development partner, Island City Development, is the sponsor and developer. Funding includes 4% Low Income Housing Tax Credits with Tax-Exempt Bond financing and State Tax Credits from the California Tax Credit Allocation Committee and the California Debt Limit Allocation Committee, Alameda County A1 funds, former redevelopment funds from the Alameda Unified School District passed-through the Housing Authority, additional Housing Authority funds, CDBG, HOME funds, a City of Alameda fee waiver, a project based voucher contract from the Housing Authority, and loans from Bank of America, N.A. and Greystone Servicing Company LLC. The tax credit investor is Enterprise Housing Credit Investments, LLC. The project is income and rent-restricted for at least fifty-five years.
"It has been a pleasure to enter this long-term investment in quality affordable homes for families in Alameda," says Vice President of Investment, Phillip Porter of Enterprise Housing Credit Investments, "Enterprise targets quality affordable homes in such transit-oriented, sustainable, and higher opportunity locations." Gioia McCarthy, Bank of America President San Francisco – East Bay, adds, "Congratulations to Island City Development and AHA for the successful completion of this significant construction project. Rosefield Village is a great example of the impact that public-private partnerships can make in creating quality affordable housing for those most in need.
Please join the Housing Authority for the Grand Opening Celebration on September 15, 2022, 3-5PM. Light refreshments will be served. State and local elected officials including Assemblymember Bonta, Supervisor Brown and Mayor Ezzy Ashcraft are scheduled to speak.
For over 80 years, The Housing Authority of the City of Alameda (AHA) has provided a range of housing assistance to low-income households. The primary goal of the Housing Authority is to provide quality, affordable, and safe housing in the City of Alameda. Our programs include Housing Choice Vouchers, Project-Based Vouchers, specialized housing assistance, family self-sufficiency, affordable real estate development, resident services, and management of AHA owned property.
MEDIA CONTACTS: Greg Kats (Administrative Services Director) GKats@alamedahsg.org or 510-846-7102 Vanessa Cooper (Executive Director) VCooper@alamedahsg.org or 510-747-4320
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SOURCE The Housing Authority of the City of Alameda
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https://www.wibw.com/prnewswire/2022/09/15/rosefield-village-affordable-housing-grand-opening/
| 2022-09-15T19:55:54Z
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BIRMINGHAM, Ala. and MOUNTAIN VIEW, Calif., June 1, 2022 /PRNewswire/ -- Therapy Brands, and BetterHelp, announce a new partnership with designed to connect consumers directly to certified and accredited therapists. Leveraging their flagship practice management solution, TheraNest, Therapy Brands will help their customers access more patients through BetterHelp's platform.
This new partnership enables therapists to connect with patients in need of access to mental healthcare. TheraNest users interested in increasing their patient caseload can now do so quickly and on their own schedule. This effort aligns with the mission of both organizations to improve and expand access to quality mental healthcare.
"Our customers' goals are our goals. We're working to ensure that all patients have access to quality mental health treatment," says Chris Kalb, Executive Vice President, Mental and Behavioral Health, Therapy Brands. "As the demand for therapy services continues to increase, we're making every effort to meet that demand by connecting patients with therapists and counselors. We are excited to partner with BetterHelp to bridge the gap and improve mental health access and quality."
Ori Balaban, Vice President of Providers' Growth at Betterhelp, shared, "It is our belief that anyone who struggles with life's challenges should have access to high-quality therapy. We are excited to partner with Therapy Brand, an industry leader, who shares our belief and mission to improve lives".
Therapy Brands is the leading healthcare IT partner for mental, behavioral, and rehabilitative therapy. Our purpose-built practice management, revenue and data solutions drive exceptional clinical and financial outcomes. Therapy Brands is the trusted partner of thousands of therapy practices who rely on our solutions to simplify their administration, improve revenue, and enable them to focus on patient care. (www.therapybrands.com)
BetterHelp is the world's largest online therapy platform, facilitating over 5,000,000 video sessions, voice calls, chats and messages every month. We set out on a mission to make sure everyone has easy, affordable, and private access to high-quality therapy. Since 2013, over 30,000 licensed, accredited, and board-certified therapists from BetterHelp's network have helped more than 2,000,000 people face life's challenges and improve their mental health.
Media Contact
Michelle Eickmeyer
Michelle.Eickmeyer@therapybrands.com
Related Links
www.therapybrands.com
www.twitter.com/therapybrands
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SOURCE Therapy Brands
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https://www.mysuncoast.com/prnewswire/2022/06/01/therapy-brands-partners-with-betterhelp-expand-access-quality-mental-healthcare-connecting-more-patients-mental-behavioral-health-practitioners/
| 2022-06-01T15:37:35Z
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Telecommunications Giant Wants to Hike Health Care Costs and Offer Crumbs to Members of Teamsters Local 959
MCKINNEY, Texas, May 16, 2022 /PRNewswire/ -- This weekend, members of Teamsters Local 745 educated attendees of the Byron Nelson PGA Tournament about AT&T's abuse of its workers. AT&T [NYSE: T] is the primary sponsor of the annual golf tournament.
The Teamsters distributed leaflets and hand fans during the tournament detailing AT&T's behavior toward its employees in Alaska who are members of Teamsters Local 959.
"The Teamsters do not let corporate America bully our hardworking members," said Sean M. O'Brien, General President of the International Brotherhood of Teamsters. "I want to commend Local 959 members for fighting for what they're worth, and Local 745 members for standing in solidarity with their brothers and sisters in Alaska. This is what our union is all about — if you come after any one of our members, you're coming after all of us."
While Teamsters held banners telling AT&T to "Stop the Price Hikes and Worker Abuse," a plane banner flew above the PGA competition sharing the same message on Saturday and Sunday.
Local 959 represents 175 members in Alaska who are trying to bargain their new contract with AT&T Alascom. The AT&T Teamsters who build, maintain and monitor Alaska's telecommunications infrastructure frequently risk their lives in extreme weather conditions to repair equipment and keep phone and internet services up and running throughout the state, including dangerous work that can only be performed via helicopter transport.
In spite of this, AT&T is refusing to honor the contributions of its workers by demanding that the Alaska workforce accept a meager one percent wage increase in 2022, and a 1.75 percent wage increase in 2023. AT&T is also trying to force Alaska workers with families to pay an additional $1,000 more per year for health care, on top of the $13,000 annually that they already pay.
AT&T made $23 billion in profit last year, which includes revenues from its contracts with the Department of Defense and the Alyeska pipeline.
"This company makes billions in profit for its executives and shareholders off the hard work of its frontline employees, yet the company won't invest in its longtime workers or its aging infrastructure in Alaska," said Eileen Whitmer, President of Local 959. "Alaska communities deserve good, family-supporting jobs, as well as phone and internet service they can rely on. We will continue to educate the public until AT&T and its out-of-state negotiators are willing to treat Alaskans fairly."
Founded in 1903, the International Brotherhood of Teamsters represents 1.2 million hardworking men and women throughout the United States, Canada and Puerto Rico. Visit www.teamster.org for more information. Follow us on Twitter @Teamsters and "like" us on Facebook at www.facebook.com/teamsters.
Contact:
Matt McQuaid, (202) 624-6877
mmcquaid@teamster.org
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SOURCE International Brotherhood of Teamsters
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https://www.wibw.com/prnewswire/2022/05/16/during-pga-tournament-teamsters-call-out-atampts-abuse-alaskan-workers/
| 2022-05-16T16:14:31Z
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LumaPay™ lets patients pay bills from anywhere via text as the inaugural module of LumaFinancial, which provides better, simpler, and more transparent financial journeys
SAN FRANCISCO, June 6, 2022 /PRNewswire/ -- Luma Health debuts LumaPay™, a new service for healthcare systems that provides patients a better and more transparent financial journey. LumaPay is the inaugural module of LumaFinancial, the financial product within Luma's Patient Success Platform™, and it enables patients to pay their bills right from text messages or their providers' websites.
LumaFinancial expands Luma's comprehensive Patient Success Platform, providing healthcare providers with a fully integrated portal that unifies the clinical, operational, access, and financial parts of a patient's journey—up to and after care.
"We believe that the relentless pursuit of patient engagement can detract from the ultimate goal: patient success. And patients' healthcare journeys are most successful when every part of the journey —including payment— is orchestrated and unified," said Jennifer Etter, Luma's head of product and design. "LumaPay reduces the friction in the payment process to make life easier for patients."
LumaFinancial will include additional modules in the future to connect payments, estimates, coverages, and more. LumaFinancial integrates with the electronic health record (EHR) to maintain a single source of truth for healthcare providers.
LumaPay enables healthcare organizations to offer patients an easy, text-first way to pay their bills – with no logins, sticky notes, or headaches. LumaPay complements other self-pay options a healthcare organization may already be offering, including payment through the patient portal, by providing another convenient way to pay to meet patients' different needs and preferences.
LumaPay automatically requests copays from patients with upcoming appointments via text message, and then collects the copay via text message links that integrate with the healthcare provider's payments system. At launch, LumaPay supports healthcare payment and revenue cycle management systems from eClinicalWorks and NextGen, with plans to include additional EHRs in the next phase of rollout.
Luma was founded on the idea that healthcare should work better for all patients. Instead of a disconnected experience, where patients are forced to be their own healthcare advocates and provider teams struggle to reach their patients, every point along the care journey should be simple, seamless, and effective. Luma's Patient Success Platform™ empowers patients and providers to be successful by connecting and orchestrating all the steps in the patient journey, along with all the operational workflows and processes in the healthcare ecosystem.
Headquartered in San Francisco, Luma serves more than 600 health systems, integrated delivery networks, federally qualified health centers, specialty networks, and clinics across the United States, and today orchestrates the care journeys of more than 35 million patients. Additional information about the company is available at the Luma website, the Luma blog, LinkedIn, Facebook, and Twitter.
Media contact: Tim Cox | ZingPR for Luma Health, tim@zingpr.com
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SOURCE Luma Health Inc.
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https://www.wibw.com/prnewswire/2022/06/06/luma-health-launches-lumafinancial-product-within-patient-success-platform/
| 2022-06-06T09:05:30Z
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AUSTIN, Texas, June 20, 2022 /PRNewswire/ -- MicroTransponder®, Inc. closed an oversubscribed $53 million Series E funding round led by US Venture Partners (USVP), a multi-stage investment firm. GPG Ventures and Exceller Hunt Ventures return as existing investors alongside new venture investors that include Osage University Partners, Action Potential Venture Capital and The Vertical Group. The company plans to use the funds to commercialize the Vivistim® Paired VNS™ System and establish it as the recommended rehabilitation intervention for stroke survivors working to improve their quality of life through more hand and arm mobility.
MicroTransponder announced seasoned medical device executive Richard Foust as CEO and Director. "Our investors are energized by MicroTransponder's vision to enable treatment for the millions of stroke survivors that have ongoing moderate to severe upper limb impairment. Our goal has always been to establish Vivistim Paired VNS as the gold-standard stroke rehabilitation intervention. Today is the day this therapy can help more stroke survivors get back to the daily activities, hobbies and experiences they love," said Foust.
Foust has over 25 years of strategic leadership in global medical device development and commercialization. He has held executive roles that spanned research and development, marketing, sales and general management at Velano Vascular, Analyte Health, Abbott Vascular, Guidant Corporation, and Perclose.
As part of the investment, Casey Tansey of USVP and Bill Harrington of Osage University Partners will join the board of directors.
"I'm enthusiastic about the MicroTransponder team and the success they have had in building the clinical foundation for Vivistim," said Tansey. "The quality of the clinical evidence can lead the therapy to become the standard of care and significantly improve outcomes for stroke survivors."
Vivistim is MicroTransponder's first FDA-approved use of its novel neuroplasticity-based medical device platform. Vivistim is designed to enhance daily living for people suffering from neurological conditions that impair sensory and motor function.
Health care professionals and stroke survivors interested in learning more about Paired VNS can visit Vivistim.com.
About MicroTransponder®, Inc.
MicroTransponder®, Inc. is a privately held, global medical device company based in Austin, Texas, committed to developing research-based neuroscience solutions. The company focuses on restoring independence and dignity for people suffering from neurological conditions that impair sensory and motor function. MicroTransponder's FDA-approved Vivistim® Paired VNS™ System is a first-of-its-kind, clinically proven medical technology that generates two to three times more improvement in upper limb function than rehabilitation alone for stroke survivors after six weeks of in-clinic therapy. For more information, visit Vivistim.com.
- Dawson et al. Vagus nerve stimulation paired with rehabilitation for upper limb motor function after ischaemic stroke (VNS-REHAB): a randomised, blinded, pivotal, device trial. Lancet. 2021; 397: 1545–1553.
CONTACT: Julie Lopez, julie@microtransponder.com
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SOURCE MicroTransponder
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https://www.wibw.com/prnewswire/2022/06/20/microtransponder-raises-53m-appoints-new-ceo/
| 2022-06-20T14:40:18Z
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NEW YORK, May 20, 2022 /PRNewswire/ -- Blue Owl Capital Inc. ("Blue Owl" or the "Company") (NYSE: OWL) will host its previously announced Investor Day to present the firm's strategic direction and path toward its long-term financial targets. Members of the senior management team will outline Blue Owl's strategy to accelerate growth and drive attractive returns for stockholders across the Company's Direct Lending, GP Capital Solutions and Real Estate strategies.
Investor Day presentation materials and livestream are available on Blue Owl's website at https://ir.blueowl.com/events-and-presentations. The program will begin at 8:30 a.m. ET, followed by a Q&A session. A replay will be available on the website shortly after the event.
Blue Owl is a global alternative asset manager with $102.0 billion of assets under management as of March 31, 2022. Anchored by a strong permanent capital base, the firm deploys private capital across Direct Lending, GP Capital Solutions and Real Estate strategies on behalf of Institutional and Private Wealth clients. Blue Owl's flexible, consultative approach helps position the firm as a partner of choice for businesses seeking capital solutions to support their sustained growth. The firm's management team is comprised of seasoned investment professionals with more than 25 years of experience building alternative investment businesses. Blue Owl employs over 400 people across 10 offices globally.
Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "would," "should," "future," "propose," "target," "goal," "objective," "outlook" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements.
These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Blue Owl's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.
Important factors, among others, that may affect actual results or outcomes include the inability to recognize the anticipated benefits of the recently completed business combination and other strategic acquisitions; costs related to the recently completed business combination; the inability to maintain the listing of Blue Owl's shares on the New York Stock Exchange ("NYSE"); Blue Owl's ability to manage growth; Blue Owl's ability to execute its business plan and meet its projections; potential litigation involving Blue Owl; changes in applicable laws or regulations; the possibility that Blue Owl may be adversely affected by other economic, business, and competitive factors; and the impact of the continuing COVID-19 pandemic on Blue Owl's business.
Investor Contact
Ann Dai
Head of Investor Relations
blueowlir@blueowl.com
Media Contact
Prosek Partners
David Wells / Nick Theccanat
Pro-blueowl@prosek.com
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SOURCE Blue Owl Capital
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https://www.mysuncoast.com/prnewswire/2022/05/20/blue-owl-highlights-strength-strategy-outlook-leading-provider-private-capital-solutions-during-investor-day/
| 2022-05-20T12:47:22Z
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British girl Madeleine McCann still missing after 15 years
LISBON, Portugal (AP) — The parents of Madeleine McCann, a British toddler who vanished from an apartment during her family’s vacation in Portugal 15 years ago and captured global interest, say they remain hopeful that efforts by police in three countries to solve the mystery will eventually bring answers.
Kate and Gerry McCann, both British doctors living in England, said in a statement to mark Tuesday’s anniversary of their daughter’s disappearance that “a truly horrific crime” was committed on May 3, 2007.
They said on the website created to help find Madeleine that “our need for answers, for the truth, is essential.”
They thanked British, Portuguese and German police who continue to work on what happened when the 3-year-old disappeared from her bed in southern Portugal’s Algarve region. She was in the same room as her 2-year-old twin brother and sister while her parents had dinner with friends at a nearby restaurant.
Last month, Portuguese prosecutors formally accused the latest suspect in the investigation.
They didn’t name the suspect, in line with Portuguese privacy laws, but said they were acting on a request by German authorities and in coordination with British investigators.
In mid-2020, Germany’s police identified Christian Brueckner, a 45-year-old German citizen who was in the Algarve in 2007, as a suspect in the case. Brueckner has denied any involvement in Madeleine’s disappearance.
The Portuguese accusation prevents the statute of limitations expiring in the case. The expiry would have occurred 15 years after the alleged crime took place, but accusing a suspect halts that count.
Madeleine’s disappearance stirred worldwide interest, with public claims of having spotted her stretching as far away as Australia, and brought the publication of books and television documentaries about the case.
Rewards for finding Madeleine reached several million dollars.
The case involved sensational developments. In one dramatic twist, Madeleine’s parents were briefly named as official suspects after police found traces of blood in their vacation rental car.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.wibw.com/2022/05/03/british-girl-madeleine-mccann-still-missing-after-15-years/
| 2022-05-03T12:26:18Z
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GAINESVILLE, Fla., June 14, 2022 /PRNewswire/ -- King Insurance ("King" or the "Company"), a fast-growing full-service insurance brokerage firm that provides a variety of property & casualty as well as employee benefits solutions, announced today the acquisition of Ellett Insurance ("Ellett").
Founded in 1935, Ellett Insurance is headquartered in Gainesville, FL and provides commercial and personal lines insurance, as well as life, disability, long-term care insurance, and employee benefits coverage to its clients.
Ellett Insurance owners, Ed & Marcia Ellett said, "King Insurance is the ideal partner for our agency. King offers us the opportunity to maintain our values and culture, while enhancing our ability to serve our clients."
"The relationship between King & Ellett goes back many years." said Chad King, Chief Executive Officer of King Insurance. "We are excited to partner with Ed & Marcia, and further expand our largest office in Gainesville"
Founded in 1974 and headquartered in Gainesville, Florida, King is a full-service insurance brokerage firm which provides a broad array of property & casualty and employee benefits solutions. Additional information can be found at www.king-insurance.com.
For further information contact:
Chad King Jay Grevers
King Insurance King Insurance
Chief Executive Officer Chief Financial Officer
352.415.8237 407.687.5565
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SOURCE King Insurance Agency
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https://www.kxii.com/prnewswire/2022/06/14/king-insurance-expands-with-acquisition-ellett-insurance/
| 2022-06-14T12:51:15Z
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NEW YORK, June 22, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Teladoc Health, Inc..
Shareholders who purchased shares of TDOC 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: October 28, 2021 to April 27, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) increased competition, among other factors, was negatively impacting Teladoc's BetterHelp and chronic care businesses; (ii) accordingly, the growth of those businesses was less sustainable than Defendants had led investors to believe; (iii) as a result, Teladoc's revenue and adjusted EBITDA projections for FY 2022 were unrealistic; (iv) as a result of all the foregoing, Teladoc would be forced to recognize a significant non-cash goodwill impairment charge; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
DEADLINE: August 5, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/teladoc-health-inc-loss-submission-form/?id=28882&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of TDOC 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 5, 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
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https://www.kxii.com/prnewswire/2022/06/22/shareholder-alert-gross-law-firm-notifies-shareholders-teladoc-health-inc-class-action-lawsuit-lead-plaintiff-deadline-august-5-2022-nyse-tdoc/
| 2022-06-22T11:16:40Z
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The Partnership Will Focus on the Frida Kahlo – The Life of an Icon Immersive Biography, A National Tour Debuting in Montréal
MIAMI, June 10, 2022 /PRNewswire/ -- Primo Entertainment and Loud And Live announce their partnership around the development and production of Frida Kahlo – The Life of an Icon, an immersive biography and exhibit opening this summer across the United States & Canada that features the life of the iconic Mexican artist. The immersive biography of Frida Kahlo, one of the most influential female artists, is displayed in a unique combination of digital art, historical photographs, projections, and installations. The exhibit also includes virtual reality experiences that reproduce the most relevant moments of the life and work of Frida Kahlo.
The partnership brings together two leading entertainment companies, on the one hand, Primo Entertainment, a leading promoter who have also positioned themselves as innovative leaders in the exhibit and immersive experiences space, most recently coming off of promoting successful global exhibits such as Beyond Van Gogh and Beyond Monet. On the other, Loud And Live, a leading entertainment, live events and marketing company, who has established itself as a leading global promoter.
"Our passion for entertainment, lifestyle and live experiences drives us to look for unique opportunities such as these, which is why Loud And Live is absolutely thrilled to be partnering with Primo Entertainment, said Nelson Albareda, CEO of Loud And Live. "And to be embarking on this partnership with Andres Naftali and David Rosenfeld (Co-Founders of Primo Entertainment) across this unforgettable immersive experience highlighting the life of a global icon such as Frida, makes this collaboration that much more exciting," added Albareda.
"Primo Entertainment is excited to join forces with Loud And Live on this amazing project, we are confident we will continue the amazing success that these innovative experiences have had over the past year", added Primo Entertainment.
Earlier this week, the companies announced Phoenix as the first US city that will open its doors to the public on July 8th, 2022 with Frida Kahlo – The Life of an Icon, before touring the exhibit across the USA and continuing onward to Latin America. This announcement comes as the exhibit makes its North American debut in Montréal on Friday, June 10, 2022 at the Arsenal Contemporary Art with unprecedented success to a full house of visitors that will enjoy the engaging experience surrounding the story telling of the incredible Frida Kahlo.
The Frida Kahlo – The Life of an Icon immersive biography utilizes seven different transformational spaces enabling fans to enter the life and work of the Mexican artist who, in the 21st century, continues to be more relevant than ever. The story of Frida Kahlo, one of the most influential artists in history, showcases a unique immersive combination of digital art, historical photographs, projections, and installations accompanied by virtual reality experiences that reproduce the most relevant moments of her life and work.
As immersive experiences and exhibits continue to rise in demand and popularity across the world, this is a timely partnership for Primo Entertainment and Loud And Live, as they will build off of the highly anticipated success of these initial exhibitions.
For Tickets:
Montréal: www.fridakahlomontreal.com
Phoenix: www.fridakahlophoenix.com
Primo Entertainment is an entertainment industry leader in the United States and Latin America that works with the most important artists, as well as the most recognizable formats and exhibitions in the world. Primo Entertainment consists of two divisions: Concert promotion and production, and international exhibitions. Primo Entertainment focuses on guaranteeing the artistic quality and operation to make their shows and exhibitions a one-of-a-kind experience for everyone involved. For more information visit www.primo-entertainment.com
An Entertainment, Marketing, Media & Live Events Company, Loud And Live performs at the intersection of music, sports, lifestyle and content development. Headquartered in Miami, with presence across the US, Europe and Latin America, Loud And Live is driven by its passion to create engaging experiences for global audiences. www.loudlive.com
The Frida Kahlo Corporation is the global provider of FRIDA KAHLO brand goods and services, whose mission is to educate, share and preserve Frida Kahlo's art, image, and legacy. It also contributes a portion of the monies received to worthy community-based charitable organizations that are committed daily to improving the life of women and children. For more information on "Frida Kahlo, The life of an Icon" or to reserve tickets for each city visit www.fridakahloexhibits.com.
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SOURCE Loud and Live, Inc.
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https://www.mysuncoast.com/prnewswire/2022/06/10/loud-live-amp-primo-entertainment-partner-around-immersive-experiences/
| 2022-06-10T14:39:40Z
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GRAPHIC: Gunman kills 19 children, 2 adults in Texas school rampage
UVALDE, Texas (AP) — An 18-year-old gunman killed 19 children and two adults as he went from classroom to classroom at a Texas elementary school, officials said, adding to a gruesome, yearslong series of mass killings at churches, schools and stores.
The attacker was killed by a Border Patrol agent who rushed into the school without waiting for backup, according to a law enforcement official.
Tuesday’s assault at Robb Elementary School in the heavily Latino town of Uvalde was the deadliest shooting at a U.S. school since a gunman killed 20 children and six adults at Sandy Hook Elementary in Newtown, Connecticut, in December 2012.
Hours after the attack, families were still awaiting word on their children. At the town civic center where some gathered, the silence was broken repeatedly by screams and wailing. “No! Please, no!” one man yelled as he embraced another man.
“My heart is broken today,” said Hal Harrell, the school district superintendent. “We’re a small community, and we’re going to need your prayers to get through this.”
Gov. Greg Abbott said one of the two adults killed was a teacher.
Adolfo Cruz, a 69-year-old air conditioning repairman, was still outside the school as the sun set, seeking word on his 10-year-old great-granddaughter, Eliajha Cruz Torres.
He drove to the scene after receiving a terrifying call from his daughter shortly following the first reports of the shooting. He said other relatives were at the hospital and the civic center.
Waiting, he said, was the heaviest moment of his life.
“I hope she is alive,” Cruz said.
The attack was the latest grim moment for a country scarred by a string of massacres, coming just 10 days after a deadly, racist rampage at a Buffalo, New York, supermarket. And the prospects for any reform of the nation’s gun regulations seemed as dim, if not dimmer, than in the aftermath of the Sandy Hook deaths.
But President Joe Biden appeared ready for a fight, calling for new gun restrictions in an address to the nation hours after the attack.
“As a nation we have to ask, when in God’s name are we going to stand up to the gun lobby? When in God’s name are we going to do what has to be done?” Biden asked. “Why are we willing to live with this carnage?”
It was not immediately clear how many people in all were wounded, but Uvalde Police Chief Pete Arredondo said there were “several injuries.”
Staff members in scrubs and devastated victims’ relatives could be seen weeping as they walked out of Uvalde Memorial Hospital, which said 13 children were taken there. Another hospital reported a 66-year-old woman was in critical condition.
Officials did not immediately reveal a motive, but they identified the assailant as Salvador Ramos, a resident of the community about 85 miles (135 kilometers) west of San Antonio. Law enforcement officials said he acted alone.
Uvalde, home to about 16,000 people, is about 75 miles (120 kilometers) from the border with Mexico. Robb Elementary, which has nearly 600 students in second, third and fourth grades, is in a mostly residential neighborhood of modest homes.
The attack came as the school was counting down to the last days of the school year with a series of themed days. Tuesday was to be “Footloose and Fancy,” with students wearing nice outfits.
Ramos had hinted on social media that an attack could be coming, according to state Sen. Roland Gutierrez, who said he had been briefed by state police. He noted that the gunman “suggested the kids should watch out,” and that he had bought two “assault weapons” after turning 18.
Before heading to the school, Ramos shot his grandmother, Gutierrez said.
Other officials said that the grandmother survived and was being treated, though her condition was not known.
Investigators believe Ramos posted photos on Instagram of two guns he used in the shooting, and they were examining whether he made statements online in the hours before the assault, a law enforcement official said.
Law enforcement officers were serving multiple search warrants Tuesday night and gathering telephone and other records, the official said. Investigators were also attempting to contact Ramos’ relatives and were tracing the firearms.
The official could not discuss details of the investigation publicly and spoke to The Associated Press on condition of anonymity.
The attack began about 11:30 a.m., when the gunman crashed his car outside the school and ran into the building, according to Travis Considine, a spokesman for the Texas Department of Public Safety. A resident who heard the crash called 911, and two local police officers exchanged gunfire with the shooter.
Both officers were shot. It was not immediately clear where on the campus that confrontation occurred or how much time elapsed before more authorities arrived on the scene.
One Border Patrol agent who was working nearby when the shooting began rushed into the school without waiting for backup and shot and killed the gunman, who was behind a barricade, according to a law enforcement official speaking on condition of anonymity because he was not authorized to talk about it.
The agent was wounded but able to walk out of the school, the law enforcement official said.
Meanwhile, teams of Border Patrol agents raced to the school, including 10 to 15 members of a SWAT-like tactical and counterterrorism unit, said Jason Owens, a top regional official with the Border Patrol.
He said some area agents have children at Robb Elementary.
“It hit home for everybody,” he said.
Condolences poured in from leaders around the world. Pope Francis pleaded that it was time say “‘enough’ to the indiscriminate trade of weapons!” Foreign Minister Dmytro Kuleba of Ukraine, which is at war with Russia after Moscow invaded, said that his nation also knows “the pain of losing innocent young lives.”
The tragedy in Uvalde was the deadliest school shooting in Texas history, and it added to a grim tally in the state, which has been the site of some of the deadliest shootings in the U.S. over the past five years.
In 2018, a gunman fatally shot 10 people at Santa Fe High School in the Houston area. A year before that, a gunman at a Texas church killed more than two dozen people during a Sunday service in the small town of Sutherland Springs. In 2019, another gunman at a Walmart in El Paso killed 23 people in a racist attack targeting Hispanics.
The shooting came days before the National Rifle Association annual convention was set to begin in Houston. Abbott and both of Texas’ U.S. senators were among elected Republican officials who were the scheduled speakers at a Friday leadership forum sponsored by the NRA’s lobbying arm.
In the years since Sandy Hook, the gun control debate in Congress has waxed and waned. Efforts by lawmakers to change U.S. gun policies in any significant way have consistently faced roadblocks from Republicans and the influence of outside groups such as the NRA.
A year after Sandy Hook, Sens. Joe Manchin, a West Virginia Democrat, and Patrick J. Toomey, a Pennsylvania Republican, negotiated a bipartisan proposal to expand the nation’s background check system. But the measure failed in a Senate vote, without enough support to clear a 60-vote filibuster hurdle.
Last year, the House passed two bills to expand background checks on firearms purchases. One bill would have closed a loophole for private and online sales. The other would have extended the background check review period. Both languished in the 50-50 Senate, where Democrats need at least 10 Republican votes to overcome objections from a filibuster.
___
This story was first published on May 24, 2022. It was corrected to reflect that state Sen. Roland Gutierrez said the gunman shot his grandmother before going to the school; he did not say the gunman killed his grandmother. It was also updated to correct the spelling of the name of the 10-year-old great-granddaughter.
___
Eugene Garcia and Dario Lopez-Mills in Uvalde, Jake Bleiberg in Dallas, Ben Fox, Michael Balsamo and Eric Tucker in Washington, Paul J. Weber in Austin, Juan Lozano in Houston, Gene Johnson in Seattle and Rhonda Shafner in New York contributed to this report.
___
More on the school shooting in Uvalde, Texas: https://apnews.com/hub/school-shootings
Copyright 2022 The Associated Press. All rights reserved.
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https://www.wibw.com/2022/05/25/graphic-gunman-kills-19-children-2-adults-texas-school-rampage/
| 2022-05-25T10:39:11Z
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2 cyclists killed and 3 injured by an SUV that crossed over the center line, authorities say
By Andy Rose and Christina Maxouris, CNN
Two cyclists were killed and three were injured Saturday morning when an SUV crossed over the center line while trying to pass another vehicle, Michigan authorities said.
The five cyclists were all participating in the Make-A-Wish bicycle tour, a three-day fundraising event and endurance ride that spans most of the state, according to the Ionia County Sheriff’s Office.
The cyclists were traveling southbound when the SUV, which was traveling northbound, crossed the center line, the sheriff’s office said in a Facebook post.
Ionia County is roughly 40 miles east of Grand Rapids.
One cyclist was pronounced dead at the scene while another died from injuries at a nearby hospital, the sheriff’s office said. The three surviving cyclists were transported to hospitals with severe injuries, officials added.
The driver of the SUV was arrested on two counts of Operating while Intoxicated Causing Death and taken to the Ionia County Jail, the sheriff’s office added. Authorities did not release the driver’s name pending charges and an arraignment.
The names of the cyclists were also not released. An investigation is ongoing, the sheriff’s office added.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
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https://localnews8.com/news/national-world/cnn-national/2022/07/30/2-cyclists-killed-and-3-injured-by-an-suv-that-crossed-over-the-center-line-authorities-say/
| 2022-07-31T09:48:39Z
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VALCOURT, QC, Aug. 23, 2022 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) reports that, following the recent cyberattack, information on certain employees and suppliers accessed by an unauthorized third party has been leaked on the dark web.
While the investigation is still ongoing, the evidence collected so far allows BRP to believe that the impact of this incident from a data privacy perspective should be limited, as mentioned in the press release issued on August 15, 2022.
BRP confirms that it has already contacted the very few employees who may have been impacted by the incident. The appropriate resources have been made available to them, including credit monitoring services. Based on the current status of its investigation, BRP also believes that the compromised information relating to certain of its suppliers is limited in quantity and sensitivity, and is in the process of contacting them.
At this time, the Company has no evidence that its clients' personal information would have been affected by the attack. Should the circumstances change, BRP would directly contact individuals or corporations impacted.
Certain information included in this release, including, but not limited to, the statements on the fact that the impact from this cyberattack was limited from a data privacy and confidentiality perspective and other statements that are not historical facts, are "forward-looking statements" within the meaning of Canadian and United States securities laws. Forward-looking statements are typically identified by the use of terminology such as "may", "will", "would", "should", "could", "expects", "forecasts", "plans", "intends", "trends", "indications", "anticipates", "believes", "estimates", "outlook", "predicts", "projects", "likely" or "potential" or the negative or other variations of these words or other comparable words or phrases. Forward looking statements, by their very nature, involve inherent risks and uncertainties and are based on several assumptions, both general and specific. BRP cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause the actual results or performance of BRP to be materially different from the outlook or any future results or performance implied by such statements. Further details and descriptions of these and other factors are disclosed in BRP's annual information form dated March 24, 2022.
We are a global leader in the world of powersports products, propulsion systems and boats built on 80 years of ingenuity and intensive consumer focus. Our portfolio of industry-leading and distinctive products includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on and off-road vehicles, Alumacraft and Quintrex boats, Manitou pontoons and Rotax marine propulsion systems as well as Rotax engines for karts and recreational aircraft. We complete our lines of products with a dedicated parts, accessories and apparel portfolio to fully enhance the riding experience. With annual sales of CA$7.6 billion from over 120 countries, our global workforce includes close to 20,000 driven, resourceful people.
Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Alumacraft, Manitou, Quintrex, and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates. All other trademarks are the property of their respective owners.
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https://www.kxii.com/prnewswire/2022/08/24/brp-provides-information-data-leak/
| 2022-08-24T03:23:36Z
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MEXICO CITY, July 20, 2022 /PRNewswire/ -- Grupo Rotoplas S.A.B. de C.V. (BMV: AGUA*) ("Rotoplas", "the Company"), America's leading company in water solutions, reports its unaudited second quarter 2022 results. The information has been prepared in accordance with the International Financial Reporting Standards (IFRS).
Figures are expressed in millions of Mexican pesos.
HIGHLIGHTS | 2Q22 vs 2Q21
- Rotoplas reported record quarterly net sales of Ps. 3,447 million, along with sequential and year-over-year recovery in margins.
- Net sales increased 22.7%, driven by growth across all countries.
- Gross margin increased by 510 bps, closing at 42.2%, benefiting from leading brands that allowed the implementation of a price increase strategy as well as manufacturing process efficiencies
- Operating income increased by 77.6%, even when taking into account expenses related to new businesses (e.g. Acuantia in the United States, bebbia in Mexico, and water treatement and recycling plants in Brazil), whose expenses exceed the marginal contribution for sales.
- Adjusted EBITDA1 reached Ps. 528 million with a 15.3% margin, a 40 bps expansion. EBITDA was impacted by Ps. 80 million due to the development of new businesses. This figure was Ps. 48 million higher than in 2Q21.
- Net income increased 86.6% as a result of the recovery in operating margins.
- ROIC closed at 13.0%, 61 bps above the cost of capital. This was in line with the sustainable economic value creation strategy to maintain a positive environmental and social impact.
- In May, a capital reimbursement in cash was paid to shareholders at the rate of Ps. 0.45 per outstanding share.
- In July, AGUA* was once again included in the Mexican Stock Exchange's ESG Index.
HIGHLIGHTS | Cumulative 2022 vs 2021
- Net sales reached Ps. 6,107 million, a 16.4% increase, in line with guidance given to the market. Net sales for the first half of the year were driven by growth across all regions.
- Gross margin closed at 41.3%, a 230 bps expansion driven by the strength of leading brands that allowed the implementation of a price increase policy, as well as the efficiency achieved in the manufacturing and installation of solutions.
- Adjusted EBITDA1 reached Ps. 850 million with a 13.9% margin, which was a 310 bps contraction, mainly related to investments made for the development of new businesses, which impacted adjusted EBITDA by Ps. 153 million. This figure was Ps. 90 million higher than the one reported during the first half of 2021.
- Net income reached Ps. 210 million, a 5.2% increase due to an improvement in operating results.
- Net Debt/ Adj. EBITDA leverage closed at 1.7x and the cash conversion cycle was optimized by 10 days.
- CapEx was Ps. 293 million, including technological upgrades to Mexican plants for the launch of new generation water tanks, with the objective of ensuring the long-term sustainability of the water storage category.
KEY FIGURES | FINANCIAL DATA
OPERATING FIGURES | January – June 2022
3,368
Employees
3.0%
Government Transactions
14,500
e-commerce clients
77,000
bebbia users
11,200ton
CO2 saved
(vs bottled water)
MESSAGE | CEO
Dear Investors,
The agility and operational discipline we have achieved through the Flow transformation program have been key drivers of Rotoplas' record-high sales and EBITDA. Our second quarter growth puts us in line with our earnings guidance and brings us closer to our estimated EBITDA margin. We will continue to focus on improving our margins while maintaining leadership in our traditional business and growing our new businesses.
Water scarcity in the markets we operate in has led to an ever-increasing demand for water solutions, presenting both a great challenge and a great opportunity for our business. Our financial strength, human talent, and the daily motivation provided by our purpose will be essential to successfully take advantage of this opportunity.
During the quarter, we conducted a detailed analysis to identify the Flow initiatives with the greatest impact and value generation potential, which will allow us to remain agile in the face of changes in the environment in order to adapt our spending and investment pace as needed.
We maintained a strong balance sheet and a stable cash flow generation in the traditional business, which allows us to continue developing the new businesses. In addition, during the first half of the year, we continued with the investment process for the modernization of the storage business in Mexico, we paid a dividend to shareholders in May, and maintained a sufficient level of working capital to guarantee the supply of raw materials in an environment with unstable supply chains.
Throughout the years, the water industry has proven it can stand strong in the face of economic downturns, and Rotoplas' business model along with the Flow program allow us to enhance growth and profitability through innovation. We will continue to focus on satisfying market needs through our solutions and services, while prioritizing business profitability and generating value for our stakeholders.
Carlos Rojas Aboumrad
INVITE | EARNINGS CALL
Thursday, July 21st, 10:00am Mexico City Time (11:00am, EST)
Speakers: Carlos Rojas Aboumrad (CEO) and Mario Romero Orozco (CFO)
Link: https://rotoplas.zoom.us/webinar/register/WN_Ga863MmJT2KxgSBEQgldVQ
Password: 2Q22
GUIDANCE | 2022-2025
During the 1Q22 earnings conference call, the Company updated its 2022 guidance. The modification of the annual earnings guidance does not affect the objectives set in the 2020-2025 Sustainable Growth Strategy.
SALES AND EBITDA | BY REGION AND SOLUTION
Adjusted EBITDA
Since the second quarter of 2020, we have been recognizing "one-time" expenses for the implementation of the Flow program; non-recurring expenses that have short- and long-term benefits in revenue, expense, working capital and organizational culture to ensure permanent change. The fourth quarter of 2021 was the last period in which these "one-time" expenses were recognized.
Mexico
Net Sales increased 15.7% vs 2Q21 driven by double-digit growth in products, which offset the weaker performance of the services platform.
Product sales benefited from double-digit growth in the storage, water flow, and improvement categories. Droughts in the northwest of the country also contributed to the increase in sales.
Services sales decreased due to lower water treatment and recycling plant sales, a business that still has delays in new industrial and commercial projects as a result of the pandemic. Additionally, the drinking fountains division continues without new revenues due to the prevailing impasse in the country's schools. bebbia maintained a good pace and recorded a double-digit sales increase, however, it does not offset the other divisions.
Adjusted EBITDA for the quarter was Ps. 369 million, an increase of 44.3% compared to 2Q21. This result includes the impact of bebbia's accelerated growth, which added 9 thousand new subscribers in the quarter, resulting in a loss of Ps. 46 million to this business. The adjusted EBITDA margin for the quarter expanded 420 bps, going from 16.8% in 2Q21 to 21.0% in 2Q22.
Cumulative net sales increased 9.7%, reaching Ps. 3,130 million driven by a product growth, which compensates fewer service sales.
On a cumulative basis, adjusted EBITDA was Ps. 588 million, a 4.4% increase, with an 18.8% margin. During the first half of the year, the increase in bebbia's expenses related to its growth negatively impacted the business, resulting in a loss of Ps. 90 million during the first half of the year. The adjusted EBITDA margin was 18.8%, a 90 bps decrease compared to 1H21.
Argentina
Net sales increased 60.0% vs 2Q21 with record growth in all three categories. The brand's leadership and strength in the region have allowed us to continue with our price and cross-selling strategies and increase the penetration of new sales channels.
Cumulative net sales increased 48.5% driven by continuous improvement in the commercial execution and in the pricing policy.
Adjusted EBITDA for the quarter reached Ps. 143 million vs Ps. 85 million in 2Q21. Adjusted EBITDA margin closed at 15.1%, an 80 bps increase compared to 2Q21, driven by an efficient cost structure.
Cumulative adjusted EBITDA reached Ps. 234 million, an increase of 51.9% compared to the same period of the previous year, driven by higher volumes and prices, which helped offset increases in raw materials costs.
NOTE: Adoption of IAS 29, Financial Reporting in Hyperinflationary Economies.
Due to Argentina experiencing inflation above 100% in the last three years, it is considered a hyperinflationary economy. In accordance with IAS 29, an adjustment for inflation has been made to the Financial Statements to consider changes in purchasing power.
International Accounting Standard (IAS) 29, Financial Information in Hyperinflationary Economies establishes that the results of operations in Argentina should be reported as if they were hyperinflationary as of January 1st, 2018. Moreover, an adjustment for inflation in the Financial Statements should be made to account for the change in the purchasing power of the local currency.
As a result of the above, in the first half of 2022, the impact of the restatement resulted in an increase of Ps. 126 million in financial expense, negatively impacting the Comprehensive Financing Result. After considering taxes, the impact on net income amounted to Ps. 118 million.
United States
Net Sales for the quarter increased 3.9% to Ps. 377 million, driven by growth in the e-commerce business. During the quarter, we added 7,400 new customers as a result of our omnichannel strategy and customer service through our call center. Likewise, the septic business continues under development, increasing the number of partners for the design, installation, and maintenance services of the solutions.
Cumulative net sales increased 14.6%, reaching Ps. 709 million driven by the e-commerce and septic businesses growth. The latter doubled sales compared to 2021.
Pre-operating expenses from the septic business and technological expenses for the expansion of the e-commerce platform led to a negative adjusted EBITDA of Ps. 29 million in the quarter and negative Ps. 48 million cumulatively.
Other countries
Net sales from other countries (Peru, Guatemala, El Salvador, Costa Rica, Honduras, Nicaragua, and Brazil) reached Ps. 362 million in the quarter, 8.1% higher than that reported in the same period of the previous year. On a cumulative basis, net sales decreased 3.3% vs 2021.
In Peru, the efficient commercial strategy and price increases offset the decline in sales volume caused by the adverse macroeconomic environment during the quarter. On a cumulative basis, sales were affected by a weak first quarter, as a result of the third COVID-19 wave and the suspension of government subsidies to the population.
In Central America, quarterly sales growth was due to the implementation of differentiated pricing strategies by customer, channel, and product.
Diversification of the water flow and improvement categories continued in order to complement sales from the traditional water storage business. This helped offset weak sales from the first quarter related to the announcement of a price increase at the end of 2021 that led distributors and customers to anticipate purchases and increase their inventories.
In Brazil, the projects pipeline benefited from the new legislation that promotes the migration from a state-owned water model to a private one. In addition, during the period, strategic alliances were formed with specialized consultants to increase the volume of contracts through a commission scheme.
Adjusted EBITDA reached Ps. 45 million in the quarter and Ps. 76 million in the first half of the year. The EBITDA margin contracted 400 bps in the quarter compared to 2Q21, reaching 12.5% and decreased 760 bps vs 1H21, reaching 11.2%. The margin contractions are related to the investment for the development of the water treatment and recycling plants in Brazil, which resulted in a loss of Ps. 13 million in that business during the quarter and Ps. 28 million during the first half of the year.
ANALYSIS | COSTS AND EXPENSES
Gross Profit
Gross profit for the period increased 39.8% in the quarter and 23.3% in the first half of the year. Likewise, the gross margin increased 510 bps to 42.2% in 2Q22 and 230 bps in the 6M21 to 41.3%. This was the result of an assertive pricing strategy during the second half of 2021 and in 2022, which has allowed us to maintain brand leadership, as well as a sequential and year-over-year margin recovery.
Operating Income
Operating income reached Ps. 429 million in the quarter, 77.6% higher than in 2Q21, with a 380 bps increase in the margin, to reach 12.4%.
This expansion was lower than the improvement in the gross margin due to the recognition of expenses related to new businesses; Acuantia in the United States, bebbia in Mexico, and water treatment and recycling plants in Brazil, whose marginal contribution was negative due to the stage they are in.
On a cumulative basis, operating income increased 19.1% to reach Ps. 651 million. Cumulative operating margin was 10.7%, 30 bps higher than in the same period of 2021.
As in the quarter, the improvement in the operating margin was lower than the improvement in gross margin, due to the accounting for expenses related to new businesses, as well as the reactivation of travel, in-person events, and some marketing strategies that were put on hold during 2021 as a result of the pandemic.
Comprehensive Financing Result
The Comprehensive Financing Result for 2Q22 was an expense of Ps. 195 million compared to Ps. 155 million in the same period of the previous year. The expense in the quarter includes Ps. 98 million for interest on debt, commissions and leases, Ps. 14 million for the valuation of financial instruments, and Ps. 83 million for the monetary position in Argentina, which was Ps. 26 million higher than 2Q21.
The cumulative Comprehensive Financing Result was an expense of Ps. 349 million vs Ps. 277 million in the first half of 2021. Financial expenses for the first half of the year comprised the payment of interest on the AGUA 17-2X sustainable bond, commissions and leasing for Ps. 194 million, Ps. 32 million for the valuation of financial instruments, and Ps. 123 million for monetary positioning in Argentina, which was Ps. 95 million higher than 2Q21.
Net Result
The net profit for the quarter was Ps. 122 million compared to Ps. 65 million in 2Q21, an 86.6% increase due to an improvement in the operating results.
Cumulative net profit was Ps. 210 million, 5.2% higher than what was reported in 2Q21. Excluding the impact of the monetary position in Argentina, a virtual non-cash item, net income would increase 66.9%.
CapEx
Capital investments represented 4.8% of sales during the first half of the year, an increase of 64.9% compared to the previous year.
Capital investments include:
- Ps. 194 million of investments in new technology to produce storage solutions and for machinery to increase production capacity for water flow category in Mexico.
- Ps. 28 million were allocated to water treatment and recycling plants in Brazil and Ps. 1 million in Mexico.
- CapEx specifically related to growth initiatives within the Flow program amounted to Ps. 163 million. This includes investments across all countries, categories, and businesses.
ANALYSIS | BALANCE SHEET
Cash Conversion Cycle (Days)
Inventory Days: Average Inventory / (3M Cost of Sales / 90)
Accounts Receivable Days: Average Accounts Receivable / (3M Sales / 90)
Accounts Payable Days: Average Suppliers / (3M Cost of Sales / 90)
During the period, the cash conversion cycle was optimized by 10 days while maintaining a strategy focused on securing the supply of raw materials in an unstable supply chain environment.
Debt
Debt Maturity Profile
Total debt amounted to Ps. 4,007 million and corresponds to the AGUA 17-2X sustainable bond.
FINANCIAL RATIOS
*Adjusted EBITDA LTM/interest payments LTM **Net income divided by 486.2 million shares, expressed in Mexican pesos.
Leverage as of the second quarter of 2022 was within the Company's debt guideline of 2.0x Net Debt/Adjusted EBITDA.
ROIC / Cost of Capital
ROIC: NOPAT L12M/Average Invested Capital t, t-1.
Invested Capital: Total Assets – Cash and Cash Equivalents – Short-Term Liabilities.
ROIC excludes Flow program execution costs from 2Q20 to 4Q21 as they are one-off.
ROIC amounted to 13.0% at the end of June, a 300 bps contraction vs the previous year. However, the ROIC remains 61 bps above the cost of capital, which increased from 11.5% in June 2021 to 12.4% in June 2022. Nevertheless, the creation of sustainable economic value is maintained in order to continue to positively impact our stakeholders.
Financial derivates
The use of derivative financial instruments is governed by the recommendations and policies issued by the Board of Directors and supervised by the Audit Committee, which provides guidelines on the management of exchange risk, interest rate risk, credit risk, the use of derivative and non-derivative financial instruments, and the investment of excess liquidity.
As of June 30th, 2022, the market value of Grupo Rotoplas' position was:
ESG | ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Updates regarding sustainability initiatives during the quarter include:
- Training was given to all administrative employees of the Group regarding diversity, inclusion, and human rights issues. The training was given in collaboration with associations and companies specializing in the subject such as Integrarse, EY Mexico, and Unidos por los Derechos Humanos.
- We began the process to work with the Science Based Targets initiative (SBTi), with the purpose of validating the Group's environmental goals and achieving carbon neutrality by 2040.
- The Corporate Government Committee completed an analysis of the operational risks for the Company and presented a roadmap with milestones and relevant activities to mitigate these risks, assigning responsible people and deadlines.
For more information on our ESG programs, visit our sustainability website:
https://rotoplas.com/sustentabilidad/home-eng/
AGUA* | PERFORMANCE AND ANALYST COVERAGE
Source: SiBolsa
Capital reimbursement:
During the quarter a capital reimbursement in cash was made to the Company's shareholders through a decrease in capital stock at a rate of Ps. 0.45 (forty-five Mexican peso cents) for each outstanding share. This implied a total disbursement of Ps. 215 million for the Company.
Treasury shares:
As of June 30th, 2022, the Company had 9.3 million shares in the treasury, equivalent to an invested amount of Ps. 320 million. To date, no treasury shares have been cancelled.
Analyst Coverage
As of June 30th, 2022, analyst coverage was provided by:
TRANSFORMATION PROGRAM | FLOW
In 2019, Rotoplas began the "Flow" transformation program to focus the business on economic value creation and sustainable growth. The strategy is based on initiatives that are divided between three pillars:
A. Profitability of the Current Portfolio
- levers for income, cost, expenditure and working capital
B. Growth Initiatives and Execution
- improve the execution of growth opportunities and capital allocation decisions
C. Organizational Culture and Health
- leadership, operational discipline, talent development, accountability, and organizational climate
Flow has evolved and is part of the culture of innovation and continuous improvement.
FINANCIAL STATEMENTS | Balance Sheet, Income Statement and Cash Flow
Income Statement
(unaudited figures in millions of Mexican pesos)
Balance Sheet (unaudited figures in millions of Mexican pesos)
Cash Flow (unaudited figures in millions of Mexican pesos)
PRESS RELEASES | 2Q22
- AGUA* is included for another year in the sample of the ESG index of the Mexican Stock Exchange (BMV) – July 8th
- Extinction of trust F/000116 – July 7th
- S&P Global Ratings maintains Grupo Rotoplas' 'mx AA-' rating with stable outlook – June 24th
- Capital reimbursement payment 2022 – May 9th
- Resolutions Adopted by the 2022 General Ordinary and Extraordinary Shareholders' Meeting – April 29th
- Rotoplas updates its Guidance for 2022 – April 21st
- Proposals to the GSM – April 6th
- Rotoplas operations status update during March – April 5th
For more information, please refer to the Relevant Events section on our website: https://rotoplas.com/investors/relevant-events/#1
CONTACT | INVESTOR RELATIONS
Forward-Looking Statements
This press release may include certain forward-looking statements relating to Grupo Rotoplas S.A.B. de C.V. It relies on considerations of the Grupo Rotoplas S.A.B. de C.V. management which are based on current and known information; however, the expectations could vary due to facts, circumstances, and events beyond the control of Grupo Rotoplas, S.A.B. de C.V.
About the Company
Grupo Rotoplas S.A.B. de C.V. is America's leading provider of water solutions, including products and services for storing, piping, improving, treating, and recycling water. With over 40 years of experience in the industry and 19 plants throughout the Americas, Rotoplas is present in 14 countries and has a portfolio that includes 27 product lines, a services platform, and an e-commerce business. Grupo Rotoplas has been listed on the Mexican Stock Exchange (BMV) under the ticker "AGUA" since December 10th, 2014.
Pedregal 24, 19th floor, Col. Molino del Rey
Miguel Hidalgo
11040, Mexico City
T. +52 (55) 5201 5000
www.rotoplas.com
Contact: Mariana Fernández, mfernandez@rotoplas.com; María Fernanda Escobar, mfescobar@rotoplas.com
1 Adjusted EBITDA considers: operating income plus depreciation and amortization, plus non-recurring expenses (donations and Flow implementation expenses). In 2Q21 it considers Ps. 75 million of Flow expense and Ps. 6 million donations. On a cumulative basis, it considers Ps. 150 million of Flow expenses and Ps. 8 million donations. During 2Q22, there were no adjustments for Flow expenses, and no donations.
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https://www.wibw.com/prnewswire/2022/07/20/rotoplas-second-quarter-2022-results/
| 2022-07-20T21:42:47Z
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GRAND RAPIDS, Mich. (WOOD) — The officer who shot and killed Patrick Lyoya during a traffic stop in Grand Rapids, Michigan, will be charged with second-degree murder.
Kent County Prosecutor Chris Becker announced Thursday that his office had filed the charge against Grand Rapids Police Department Officer Chris Schurr, who he said turned himself in. Online records showed he was in the Calhoun County Jail.
Becker said he informed the Lyoya family in a phone call of his decision before holding a news conference Thursday afternoon at Michigan State Police Sixth District Headquarters to make the charge public.
Becker said a felony firearms charge is not viable in this case because Michigan law prevents it from being used in cases in which officers use deadly force.
The shooting happened April 4.
Video released by GRPD shows that Officer Chris Schurr pulled Lyoya over, Lyoya ran away and there was a struggle that included Lyoya grabbing Schurr’s stun gun.
Schurr, who was on top of Lyoya trying to hold him down, shot Lyoya in the back of the head.
The shooting was caught on home surveillance camera and recorded by a bystander on a cellphone. Part of the scuffle between Schurr and Lyoya was recorded by Schurr’s body camera, but that camera turned off midway through the altercation.
MSP investigated the shooting separately from GRPD, which is standard protocol. Becker got the bulk of MSP’s investigation weeks ago but had to wait several more weeks to get additional forensic reports from the manufacturer of the officer’s body camera and stun gun.
Lyoya, 26, was a refugee from the Democratic Republic of the Congo who came to the U.S. several years ago. He had two children.
During Thursday’s announcement, Becker thanked the Lyoya family for “their tremendous patience and understanding as this process has developed.” He spoke of the “emotions they must be going through. I deeply appreciate what they’ve done…their calls for peace and calm.”
Becker said he consulted use-of-force experts while making his decision. But he said the charges are not meant as a message to police.
“I’m never big on sending messages with charges,” he said. “I’m not thinking that Kent County officers or any police officers in general thought they had a license to do something like this.”
A first-degree murder charge would have required premeditation, which Becker said didn’t apply in this case. The elements of second-degree murder require that there was a death, that it was intentional and that it could not be justified by self defense.
Becker said his office also considered a lesser manslaughter charge, which a jury could consider. That would be punishable by up to 15 years in prison. He said Thursday that he hopes the decision helps clarify the role of the prosecutor’s office.
“Everybody thinks the prosecutor is just an arm or a branch of the police. We’re not,” Becker said. “We are our own entity. We have a duty to enforce the law, be it on police or the public. Very often we disagree on cases. We disagree on things that happen. We are a separate entity and our duty is public safety. We work a lot with them but we don’t work for them, and I think law enforcement in Kent County understands that. We understand that.”
Becker said he will handle the prosecution himself.
Lyoya attorneys react
During a news conference in Detroit after Becker’s decision, Lyoya’s father Peter Lyoya thanked the prosecutor and those who have supported his family.
“My heart was really broken in these last two months because a lot of things were said. I wasn’t quite sure of the truth in my head, and I was thinking there was maybe no justice in America,” Peter Lyoya said. “Patrick is not coming back. We are not going to see him again. And to say that the police officer will be charged, that brings a little bit of consolation to our family.”
Sitting next to Lyoya’s father, the family’s attorney Ven Johnson praised the decision to charge Schurr.
“I hope (Becker) and anybody would understand the past two months has felt like an eternity to the Lyoya family,” Johnson said. “We don’t mean any disrespect about how long it took, but when your son is shot in the back of the head by a police officer in the line of duty … to the family, it felt like forever.”
He also acknowledged the charge is not a guarantee of a conviction and said he was certain Schurr’s defense team would argue self-defense. Johnson said there was a “long road ahead” before there was justice.
Appearing at the news conference via video call, famed civil rights attorney Ben Crump, who is also representing the Lyoya family, called the charges “more than appropriate.”
He said the charge shows that what Schurr did “is wrong. It is wrong.”
While the road to justice for Patrick and his family has just begun, this decision is a crucial step in the right direction. Officer Schurr must be held accountable for his decision to pursue an unarmed Patrick, ultimately shooting him in the back of the head and killing him – for nothing more than a traffic stop.”
Attorney Ben Crump
Johnson questioned why the recording of the incident was turned off midway through. He says he’s skeptical that the three seconds of pressure necessary to turn the camera off could have been unintentional.
Kent County Commissioner Robert S. Womack, who has been working with the Lyoya family, questioned why the shooting was captured by a Ring camera and buy a witness’s cellphone but not by police video equipment.
Johnson also said the family would be formally asking the U.S. Department of Justice to investigate whether Lyoya’s civil rights were violated.
The police officers’ union that represents Schurr previously said in a statement that it was confident “a thorough review of this entire situation will show that a police officer has the legal right to protect themselves and community in a volatile dangerous situation such as this, in order to return to his/her family at the end of their shift.”
Legal expert: Second-degree murder charge ‘big’
“This is significant on a number of different levels,” says Western Michigan University Cooley Law School Professor Mark Dotson. “This is big. This is big.”
He said he was surprised with the decision, since current and former police chiefs previously said they expected an involuntary manslaughter charge.
The next hurdle for the prosecutor, Dotson said, will be selecting the jury. He will have to try to weed out potential jurors who already don’t like officers or who might be related to an officer or is already deferential.
“I think there is sufficient evidence to support the second-degree charge and I think he (the prosecutor) should be able to carry that burden if it eventually goes to trial,” Dotson said.
On Thursday, the Grand Rapids NAACP said it agrees with the prosecutor’s decision, saying in part: “There have been too many incidents where people of color have been killed at the hands of law enforcement, whose top priority should be to protect and serve all citizens.”
Grand Rapids NAACP said it hopes Schurr will be convicted.
“Although this is a step in the right direction, we hope that all involved in this next phase will operate without bias and ultimately, Officer Christopher Schurr will be convicted for his heinous actions,” it said.
Grand Rapids promises reform work
Grand Rapids Mayor Rosalynn Bliss said Thursday afternoon that work on police reform is more urgent than ever.
“I, along with my colleagues, remain committed to working with our city manager, our police chief, our director of public oversight and accountability, our community partners … and our residents as we strive to make long-term systemic changes that crate a safer and a better community for everyone,” said Bliss. “That is our commitment today and that is the commitment we will continue to have.”
City Manager Mark Washington promised the city would keep looking at use of body cams, traffic stop analysis, the deployment of officers, how officers interact with residents, the role of the Office of Oversight and Public Accountability and Civilian Appeals Board, and the implementation anti-violence programs.
The union for GRPD command officers declined to comment Thursday. The union for rank-and-file officers did not immediately reply to a request for comment.
Schurr’s arraignment was scheduled for Friday. If convicted, Schurr, 31, of Grandville, could spend the rest of his life in prison, though he would have the possibility of parole.
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https://cw33.com/news/nexstar-media-wire/michigan-officer-to-face-murder-charge-in-traffic-stop-killing-of-patrick-lyoya/
| 2022-06-09T22:11:12Z
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Man exonerated after 33 years in prison is back behind bars
JACKSONVILLE, Fla. (WFOX/WJAX) - A man who was exonerated for a wrongful conviction after serving more than three decades behind bars has been jailed.
Authorities said Edward Taylor, after about a month of being exonerated, shot and injured a man. HIs bond is set at more than $1 million.
“This is the first time I’m tearing up, but I love Edward. And I might not ever see him again,” said Agnes Anderson, his mother. Her tireless work to clear her son’s name is now back to square one.
“It was just a beautiful thing that he was freed after so long, and we were all happy and celebrating. And then this,” Anderson said.
Police said Taylor shot a man last Friday night and then drove off. According to court documents, surveillance video shows a group of men fire back.
“He got out, and I don’t know if he took up with the wrong people that he started hanging around with or whatever,” she said.
The now 57-year-old was charged with sexual assault in 1986, but in 2019, Taylor was granted parole while the state attorney’s office investigated what turned into a case of mistaken identity.
The victim later revealed in court it was Taylor’s brother who committed the crime.
While he was officially freed from the suffering of his past, the trauma stuck around. He stopped seeing his therapist shortly before last Friday night’s shooting, Anderson said.
“I don’t know what was going through his mind, but I know he was in a lot of pain, mental pain. And I told him, ‘You really have got to go back to that therapist,’” she said.
The state said it stands by its decision to exonerate and will review this new arrest.
“My heart hurts for my son and I love him dearly. I want everybody to know I love my son,” Anderson said. “He is a good guy. Something threw him off.”
Copyright 2022 WFOX/WJAX via CNN Newsource. All rights reserved.
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https://www.mysuncoast.com/2022/06/29/man-exonerated-after-33-years-prison-is-back-behind-bars/
| 2022-06-29T17:13:35Z
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Second Quarter Fiscal 2023 Total Revenue of $303.7 million, up 53% Year-over-Year
Continued Strong Customer Growth with Over 37,000 Customers as of July 31, 2022
MongoDB Atlas Revenue up 73% Year-over-Year; 64% of Total Q2 Revenue
NEW YORK, Aug. 31, 2022 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced its financial results for the second quarter ended July 31, 2022.
"MongoDB delivered strong second quarter results, highlighted by 73% Atlas revenue growth and a record number of net additions of direct sales customers. We are seeing robust growth in new workloads being deployed on our platform, which is indicative of the critical role we play in enabling customers to build and run mission critical applications that transform their business," said Dev Ittycheria, President and Chief Executive Officer of MongoDB.
Second Quarter Fiscal 2023 Financial Highlights
- Revenue: Total revenue was $303.7 million for the second quarter of fiscal 2023, an increase of 53% year-over-year. Subscription revenue was $291.6 million, an increase of 52% year-over-year, and services revenue was $12.1 million, an increase of 64% year-over-year.
- Gross Profit: Gross profit was $215.4 million for the second quarter of fiscal 2023, representing a 71% gross margin compared to 69% in the year-ago period. Non-GAAP gross profit was $223.2 million, representing a 73% non-GAAP gross margin, compared to a non-GAAP gross margin of 72% in the year-ago period.
- Loss from Operations: Loss from operations was $114.8 million for the second quarter of fiscal 2023, compared to a loss of $72.5 million in the year-ago period. Non-GAAP loss from operations was $12.4 million, compared to a non-GAAP loss of $4.0 million in the year-ago period.
- Net Loss: Net loss was $118.9 million, or $1.74 per share, based on 68.3 million weighted-average shares outstanding, for the second quarter of fiscal 2023. This compares to a net loss of $77.1 million, or $1.22 per share, based on 63.4 million weighted-average shares outstanding, in the year-ago period. Non-GAAP net loss was $15.6 million or $0.23 per share. This compares to a non-GAAP net loss of $7.7 million or $0.12 per share in the year-ago period.
- Cash Flow: As of July 31, 2022, MongoDB had $1.8 billion in cash, cash equivalents, short-term investments and restricted cash. During the three months ended July 31, 2022, MongoDB used $44.7 million of cash from operations, used $2.6 million of cash in capital expenditures and used $1.3 million of cash in principal repayments of finance leases, leading to negative free cash flow of $48.6 million, compared to negative free cash flow of $22.7 million in the year-ago period.
A reconciliation of each Non-GAAP measure to the most directly comparable GAAP measure has been provided in the financial statement tables included at the end of this press release. An explanation of these measures is also included below under the heading "Non-GAAP Financial Measures."
Second Quarter Fiscal 2023 and Recent Business Highlights
- Held our annual, flagship event MongoDB World in person in New York City for the first time since 2019. MongoDB World brought together our enthusiastic and vibrant developer community and broke all records, with approximately 3,000 attendees, 35 sponsors, 290 speakers across more than 200 sessions, 235 Ask the Expert sessions, and nearly 100 Builder's Fest sessions.
- Released MongoDB 6.0 for general availability to further our ambitious developer data platform vision. MongoDB 6.0's new and enhanced abilities allow our customers to run a broad range of workloads and consolidate a disparate set of point solutions onto MongoDB. Queryable Encryption, an industry first, which enables users to run rich queries over encrypted data, received noteworthy attention.
- Continued to deepen and improve our collaboration with hyperscale cloud vendors through further product integration and alignment. MongoDB for Startups, now an exclusive offer in AWS Activate, helps early-stage companies get started with MongoDB. Additionally, MongoDB won the Google Cloud Technology Partner of the Year for Data Management and the partnership continues to grow with MongoDB Atlas now available across 29 Google Cloud regions.
Third Quarter and Full Year Fiscal 2023 Guidance
Based on information available to management as of today, August 31, 2022, MongoDB is issuing the following financial guidance for the third quarter and full year fiscal 2023.
The guidance provided above is forward-looking in nature. Actual results may differ materially. See the cautionary note regarding "Forward-Looking Statements" below. Fluctuations in MongoDB's operating results may be particularly pronounced in the current economic environment due to the current volatility in the global economy and the continuing uncertainty caused by the ongoing COVID-19 pandemic. The situation regarding both the volatility in the global economy and the COVID-19 pandemic remains uncertain and could change rapidly, and MongoDB will continue to evaluate the potential impact of both these factors on its business.
Reconciliation of non-GAAP income/loss from operations and non-GAAP net income/loss per share guidance to the most directly comparable GAAP measures is not available without unreasonable efforts on a forward-looking basis due to the high variability, complexity and low visibility with respect to the charges excluded from these non-GAAP measures; in particular, the measures and effects of stock-based compensation expense specific to equity compensation awards that are directly impacted by unpredictable fluctuations in MongoDB's stock price. MongoDB expects the variability of the above charges to have a significant, and potentially unpredictable, impact on its future GAAP financial results.
Conference Call Information
MongoDB will host a conference call today, August 31, 2022, at 5:00 p.m. (Eastern Time) to discuss its financial results and business outlook. A live webcast of the call will be available on the "Investor Relations" page of MongoDB's website at https://investors.mongodb.com. To access the call by phone, please go to this link (registration link), and you will be provided with dial in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A replay of the webcast will also be available for a limited time at http://investors.mongodb.com.
About MongoDB
MongoDB is the developer data platform company empowering innovators to create, transform, and disrupt industries by unleashing the power of software and data. Headquartered in New York, MongoDB has more than 37,000 customers in over 100 countries. The MongoDB database platform has been downloaded over 300 million times and there have been more than 1.5 million registrations for MongoDB University courses.
Forward-Looking Statements
This press release includes certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements concerning MongoDB's financial guidance for the third fiscal quarter and full year fiscal 2023 and MongoDB's ability to capitalize on its market opportunity and deliver strong growth for the foreseeable future. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts and statements identified by words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "project," "will," "would" or the negative or plural of these words or similar expressions or variations. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and are subject to a variety of assumptions, uncertainties, risks and factors that are beyond our control including, without limitation: the impact that the precautions we have taken in our business relative to the ongoing COVID-19 pandemic may have on our business; the financial impacts of the COVID-19 pandemic on our customers and our potential customers; the effects of the ongoing military conflict between Russia and Ukraine on our business and future operating results; economic downturns and/or the effects of rising interest rates, inflation and volatility in the global economy and financial markets on our business and future operating results; our potential failure to meet publicly announced guidance or other expectations about our business and future operating results; our limited operating history; our history of losses; failure of our database platform to satisfy customer demands; the effects of increased competition; our investments in new products and our ability to introduce new features, services or enhancements; our ability to effectively expand our sales and marketing organization; our ability to continue to build and maintain credibility with the developer community; our ability to add new customers or increase sales to our existing customers; our ability to maintain, protect, enforce and enhance our intellectual property; the growth and expansion of the market for database products and our ability to penetrate that market; our ability to integrate acquired businesses and technologies successfully or achieve the expected benefits of such acquisitions; our ability to maintain the security of our software and adequately address privacy concerns; our ability to manage our growth effectively and successfully recruit and retain additional highly-qualified personnel; and the price volatility of our common stock. These and other risks and uncertainties are more fully described in our filings with the Securities and Exchange Commission ("SEC"), including under the caption "Risk Factors" in our Quarterly Report on Form 10-Q for the quarter ended April 30, 2022, filed with the SEC on June 3, 2022. Additional information will be made available in our Quarterly Report on Form 10-Q for the quarter ended July 31, 2022, and other filings and reports that we may file from time to time with the SEC. Except as required by law, we undertake no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, changes in expectations or otherwise.
Non-GAAP Financial Measures
This press release includes the following financial measures defined as non-GAAP financial measures by the SEC: non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income (loss) from operations, non-GAAP net loss, non-GAAP net loss per share and free cash flow. Non-GAAP gross profit and non-GAAP gross margin exclude expenses associated with stock-based compensation. Non-GAAP operating expenses, non-GAAP income (loss) from operations, non-GAAP net loss and non-GAAP net loss per share exclude:
- expenses associated with stock-based compensation including employer payroll taxes upon the vesting and exercising of stock-based awards and expenses related to stock appreciation rights previously issued to our employees in China;
- amortization of intangible assets for the acquired technology and acquired customer relationships associated with prior acquisitions;
- amortization of time-based payments associated with prior acquisitions that were deemed to be post-combination compensation expense for U.S. GAAP purposes; and
- in the case of non-GAAP net loss and non-GAAP net loss per share, amortization of the debt issuance costs associated with our convertible senior notes and gains or losses on investments.
MongoDB uses these non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to GAAP measures, in evaluating MongoDB's ongoing operational performance. MongoDB believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing its financial results with other companies in MongoDB's industry, many of which present similar non-GAAP financial measures to investors.
Free cash flow represents net cash used in operating activities, less capital expenditures, principal repayments of finance lease liabilities and capitalized software development costs, if any. MongoDB uses free cash flow to understand and evaluate its liquidity and to generate future operating plans. The exclusion of capital expenditures, principal repayments of finance lease liabilities and amounts capitalized for software development facilitates comparisons of MongoDB's liquidity on a period-to-period basis and excludes items that it does not consider to be indicative of its liquidity. MongoDB believes that free cash flow is a measure of liquidity that provides useful information to investors in understanding and evaluating the strength of its liquidity and future ability to generate cash that can be used for strategic opportunities or investing in its business in the same manner as MongoDB's management and board of directors.
Non-GAAP financial measures have limitations as an analytical tool and should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. In particular, other companies may report non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income (loss) from operations, non-GAAP net loss, non-GAAP net loss per share, free cash flow or similarly titled measures but calculate them differently, which reduces their usefulness as comparative measures. Investors are encouraged to review the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures, as presented below. This earnings press release and any future releases containing such non-GAAP reconciliations can also be found on the Investor Relations page of MongoDB's website at https://investors.mongodb.com.
Investor Relations
Brian Denyeau
ICR for MongoDB
646-277-1251
ir@mongodb.com
Media Relations
Matt Trocchio
MongoDB
communications@mongodb.com
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https://www.wibw.com/prnewswire/2022/08/31/mongodb-inc-announces-second-quarter-fiscal-2023-financial-results/
| 2022-08-31T21:02:43Z
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Potential homebuyers and agents are invited to tour the builder's popular Hemingway plan!
FREDERICKSBURG, Va., April 4, 2022 /PRNewswire/ -- Richmond American Homes of Virginia, Inc., a subsidiary of M.D.C. Holdings, Inc. (NYSE: MDC), is pleased to announce the grand opening of an inspired Hemingway model home at Harrison Village (RichmondAmerican.com/HarrisonVillage) in Fredericksburg.
The two-story Hemingway model is fully furnished and boasts airy 9' main-floor ceilings, quartz kitchen countertops, stainless-steel appliances and hardwood flooring. The exceptional new neighborhood also offers the two-story Bedford, Coronado, Hopewell and Yorktown plans, as well as the ranch-style Arlington floor plan.
Model Home Tours (RichmondAmerican.com/TourHarrisonVillage)
Prospective homebuyers and area agents are encouraged to stop by Harrison Village between 10 a.m. and 6 p.m. on Saturday, April 9, and Sunday, April 10, to explore the brand-new model and learn about other available floor plans at the community.
Community at a glance:
- New single-family homes from the mid $500s
- Six inspired ranch and two-story floor plans
- 3 to 7 bedrooms, approx. 2,810 to 3,580 sq. ft.
- Conveniently located near several VRE and Amtrak stations, as well as I-95 and Routes 1 & 3 for commuting to Washington, D.C. and Richmond
- Easy access to shopping, dining and recreation, including downtown Fredericksburg, Central Parke, Spotsylvania Towne Centre, King's Dominion, Lake Anna State Park and the Potomac and Rappahannock rivers
Those who choose to build a new home from the ground up at this community will have the opportunity to work with professional design consultants to select colors, textures, finishes and fixtures for their new living spaces—a complimentary service!
Harrison Village is located at 11304 Bluestem Way in Fredericksburg. Call 540.548.4435 or visit RichmondAmerican.com for more information. View health and safety updates at RichmondAmerican.com/COVID-19.
About M.D.C. Holdings, Inc.
Operating under the name Richmond American Homes, MDC's homebuilding subsidiaries have built more than 220,000 homes since 1977. Among the nation's largest homebuilders, MDC's subsidiary companies have operations in Arizona, California, Colorado, Florida, Idaho, Maryland, Nevada, New Mexico, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia and Washington. Mortgage lending, plus insurance and title services are offered by the following MDC subsidiaries, respectively: HomeAmerican Mortgage Corporation, American Home Insurance Agency, Inc. and American Home Title and Escrow Company. M.D.C. Holdings, Inc. is traded on the New York Stock Exchange under the symbol "MDC." For more information, visit MDCHoldings.com.
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https://www.kxii.com/prnewswire/2022/04/04/richmond-american-debuts-new-model-home-fredericksburg/
| 2022-04-05T01:26:12Z
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2022 List Highlights 50 Companies That Lead the Charge in True Selling Power, Post Pandemic.
INDIANAPOLIS, July 12, 2022 /PRNewswire/ -- Spot, one of the fastest-growing logistics companies in North America, is proud to be recognized on Selling Power's 50 Best Companies to Sell For list for a fourth consecutive year.
Selling Power's 50 Best Companies to Sell For annual list includes 50 of the most deserving sales companies in the United States. The list, which will be published in the July/August 2022 issue of Selling Power magazine, includes companies leading the charge in perseverance and determination despite facing the worst inflationary period in decades.
"At Spot, everything we do goes back to our people. Their dedication and energy are unmatched," said Andrew Elsener, Co-founder of Spot. "This recognition once again exhibits how our passionate and proven team delivers for their customers, on time, every time."
Spot has grown to more than 500 employees across its locations in Indianapolis, Tempe, and Charlotte and has further plans for expansion into Tampa in Q3 of this year. Spot recently announced the expansion of its Indianapolis presence with an additional downtown office. Together these expansions will accommodate Spot's continued growth and plans to create more than 400 new jobs, nearly doubling its size.
"As companies are facing economic headwinds sales organizations are sharpening their focus on sales talent. The Best Companies to Sell For have mastered the alignment of people, processes, and technologies and created a sales organization that excels in hiring, onboarding, training, and compensation of their sales representatives. What attracts salespeople to work for these leading organizations is their great culture, their commitment to diversity, and their steady support of the sales team by servant leadership that focuses on creating customer value and a meaningful work environment that offers unlimited opportunities to win," says Gerhard Gschwandtner, founder and CEO of Selling Power. "These companies aim at a higher level of professionalism and trust, which in turn leads to increased sales and a lower turnover of the sales force" Gschwandtner continued.
Selling Power's research team created a thorough application where they gathered data across four key areas:
- Company Overview
- Compensation and Benefits
- Hiring, Sales Training & Sales Enablement
- Diversity and Inclusion
Companies were ranked in each of the categories above to determine the final list. The methodology is the product of years of research, and Selling Power continues to revise and refine the approach each year. The companies included are a mix of sizes ranging from medium to enterprise.
You can view the full list of the 50 Best Companies to Sell For in 2022 here: LINK
To learn more about Spot's open positions, visit spotinc.com/careers, and to learn more about open tech positions, visit Spot's technology company, Red Technologies, at redtms.com/careers.
About Spot
As one of the fastest-growing logistics companies in North America, Spot is built on relationships, combining 24/7 support with a proven, passionate, and dedicated team of logistics professionals. Spot provides custom, tailored logistics solutions for shipping challenges through relentless effort, industry knowledge, and advanced technologies. Established in 2009 with the vision that there is a better way to move freight, Spot has more than 500 employees across its U.S. locations in Indianapolis, Charlotte, and Tempe. For more information, visit Spot's website at spotinc.com and follow Spot on social media: Facebook (Spot), Twitter (SpotFreight), LinkedIn (Spot Freight), Instagram (spotfreight), and TikTok (spotfreight).
MEDIA CONTACT:
Brandon Evans
Communications Manager
bevans@spotinc.com | 317.550.7100
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https://www.kxii.com/prnewswire/2022/07/12/spot-recognized-selling-powers-50-best-companies-sell-list/
| 2022-07-12T15:49:38Z
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Acquisition to increase PTC's strength in ALM
BOSTON, April 20, 2022 /PRNewswire/ -- PTC (NASDAQ: PTC) today announced that it has signed a definitive agreement to acquire Intland Software for approximately $280 million. Intland develops and markets the Codebeamer™ Application Lifecycle Management (ALM) family of software products, including a next-generation, cloud-ready, fully integrated offering. The acquisition is expected to significantly broaden and deepen PTC's ALM footprint across safety-critical and regulated industries. Subject to the satisfaction of applicable closing conditions, the transaction is expected to close in PTC's fiscal third quarter.
"The addition of Codebeamer will broaden and deepen our ALM portfolio and enable us to further support our customers' efforts to incorporate sophisticated software systems into their products," said Jim Heppelmann, President and CEO, PTC. "This acquisition will also complement our strengths in PLM and model-based systems engineering as part of our Digital Thread portfolio strategy."
Intland is headquartered in Stuttgart, Germany and serves an impressive array of global enterprise ALM customers operating across the automotive, life sciences, consumer electronics, and aerospace and defense industries.
Key to Codebeamer's success is its flexible and modern, easy-to-use interface. Codebeamer provides customers with requirements-, risk-, and test-management capabilities, while supporting contemporary agile software development and integrating with the best-in-class DevOps and source code management tools that software developers love. Codebeamer's pre-built templates and partner integrations make it easier for customers to meet the stringent requirements common in regulated industries.
PTC plans to offer Codebeamer standalone and in conjunction with both its Windchill and Arena PLM offerings, and to continue to enhance and support its existing ALM solution.
"The entire Intland team is proud of the success we have had developing and delivering a modern ALM offering that has been widely accepted in the market," said Janos Koppany, CEO, Intland Software. "Our Codebeamer offerings are a perfect complement to PTC's portfolio of product development solutions, and we look forward to continuing our journey as part of PTC."
The transaction will be funded with cash on hand and amounts borrowed under PTC's existing credit facility. Management plans to discuss the expected impact of the Intland acquisition on PTC's financial and operating metrics during its fiscal Q2 quarterly earnings call on April 27.
Centerview Partners LLC acted as exclusive financial advisor to PTC on the transaction.
Additional Resources
Forward-Looking Statements
This news release contains statements about future events and expectations, including the closing of the acquisition, the effect of the acquisition on our future growth and customer base, the expected value of the acquired technology to our business, and the integration of and expectations about the companies' product offerings. These statements are "forward-looking statements" that involve risks and uncertainties that could cause actual results to differ materially from those projected as a result of certain risks and uncertainties, including that the closing conditions may not be satisfied when or as we expect or may be waived; the acquired technology may not provide the access to new customers and markets that we expect if those customers and markets are not receptive to the technology; existing customers may elect to replace their solutions with competitors' solutions; we may be unable to integrate the acquired technology when or as we expect and plans and expectations with respect to the companies' products could change; key Intland employees may not stay with PTC, which could disrupt the Intland business and our ability to successfully integrate and operate the Intland business; and other risks and uncertainties described in PTC's filings with the U.S. Securities and Exchange Commission.
About PTC (NASDAQ: PTC)
PTC enables global manufacturers to realize double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency, and increase workforce productivity. In combination with an extensive partner network, PTC provides customers flexibility in how its technology can be deployed to drive digital transformation – on premises, in the cloud, or via its pure SaaS platform. At PTC, we don't just imagine a better world, we enable it.
Investor Contact
Matt Shimao
mshimao@ptc.com
Media Contact
Greg Payne
gpayne@ptc.com
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https://www.wibw.com/prnewswire/2022/04/20/ptc-acquire-next-generation-application-lifecycle-management-company-intland-software/
| 2022-04-20T13:05:52Z
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1 arrested in connection with deadly bar shooting
POLK COUNTY, Fla. (WWSB) - Following an argument that turned deadly at the Shady Cove Bar & Grill near Haines City, deputies have captured the suspect.
The incident happened on Sunday. Joshua Badillo, 31, of Haines City was captured at his residence shortly after the shooting. According to witnesses, Badillo, who was a frequent visitor at Shady Cove, got into a verbal altercation with members of a motorcycle group.
Witnesses told officers that the disturbance calmed down and the group went to an outside bar area, and then Badillo went out and began harassing them some more, and was asked to leave. That’s when officials say he walked back toward his truck and fired a weapon toward the group. One person was killed and two others were injured.
“From everything we’re seeing, the suspect instigated everything, pestering the group repeatedly. He shot one man, then got into a gunfight with another…all, basically over nothing. It’s absolutely senseless,” said Sheriff Grady Judd.
After Badillo was captured, he was taken to a local hospital for his injuries, and is currently stable.
Joshua Badillo is being charged with First Degree Murder, Attempted 1st Degree Murder and Tampering with Evidence.
Copyright 2022 WWSB. All rights reserved.
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https://www.mysuncoast.com/2022/05/02/1-arrested-connection-with-deadly-bar-shooting/
| 2022-05-02T20:47:27Z
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VANCOUVER, BC, July 5, 2022 /PRNewswire/ - Asep Medical Holdings Inc. ("Asep Inc." or the "Company") (CSE: ASEP) (OTCQB: SEPSF) has appointed Dr. Robert E. W. Hancock, the Co-Founder of Asep Inc, as the CEO and Chairman of the Company effective immediately. Dr. Hancock replaces Rudy Mazzocchi, the former CEO and Chairman, who has stepped down due to health reasons. Dr. Hancock states, "We wish Rudy well and sincerely thank him for his service and invaluable contributions to the Company."
Dr. Hancock is the co-founder of Asep Inc. and a world-leading expert in infectious diseases. In recognition of his research work, Dr. Hancock has received numerous awards and honours including the Prix Galien (highest award for Canadian pharmaceutical research and innovation), the Killam Prize (Canada Council's prize for health research), Michael Smith CIHR Researcher of the Year, the ICAAC Aventis Antimicrobial Research Award (leading award worldwide for antimicrobial research) and in 2001 he was inducted as an Officer of the Order of Canada (Canada's second highest honour).
Dr. Hancock will be stepping down as COO and will be replaced by Timothy Murphy, a current member of the Company's board of directors. Mr. Murphy is an experienced business lawyer and executive with a strong background in mergers and acquisitions, intellectual property and technology licensing.
Asep Inc. is dedicated to addressing antibiotic failure by developing novel solutions for significant unmet medical needs. The Company is a consolidation of two existing private companies (Sepset Biosciences Inc. and ABT Innovations Inc.) that are both in the advanced development of both proprietary diagnostic tools, enabling the early and timely identification of severe sepsis as well as broad-spectrum therapeutic agents to address multidrug-resistant biofilm infections.
Sepset Biosciences Inc. is developing a diagnostic technology that involves a patient gene expression signature that predicts severe sepsis, one of the significant diseases leading to antibiotic failure since antibiotics are the primary treatment for sepsis. Despite this, sepsis is responsible for nearly 20% of all deaths on the planet. The SepsetER test is a blood-based gene expression assay that is straightforward to implement, and results are obtained in about an hour in the emergency room or intensive care unit. This proprietary diagnostic technology differs from current diagnostic tests in enabling diagnosis of severe sepsis within 1-2 hours of first clinical presentation (i.e., in the emergency room), while other diagnostics only provide diagnosis after 24-36 hours. Asep Inc. believes this will enable critical early decisions to be made by physicians regarding appropriate therapies and reduce overall morbidity and mortality due to sepsis.
ABT Innovations Inc.'s peptide technology covers a broad range of therapeutic applications, including bacterial biofilm infections (medical device infections, chronic infections, lung, bladder, wound, dental, skin, ear-nose and throat, sinusitis, orthopaedic, etc.), anti-inflammatories, anti-infective immune-modulators and vaccine adjuvants.
This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements, including but not limited to the completion of successful clinical testing of our Sepsis diagnostic test and its intended filing for regulatory approval; and the undertaking of pre-clinical studies on our lead therapeutic, with the expectation that this will lead to fast track clinical trials. Various assumptions were used in drawing the conclusions or making the predictions contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks (including those risk factors identified in the Asep Medical Inc.'s prospectus dated November 9, 2021) available for review under the Company's profile at www.sedar.com and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Asep Medical Inc. 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 law.
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https://www.kxii.com/prnewswire/2022/07/05/asep-medical-inc-announces-appointment-dr-robert-e-w-hancock-ceo-chairman/
| 2022-07-05T11:32:01Z
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20-year-old father charged in death of 2-month-old baby, police say
VINTON, Va. (Gray News) – A man in Virginia is facing charges in the death of his 2-month-old child, police said.
The Bedford County Sheriff’s Office said on Facebook that Jordan Cody Scheffler, 20, is charged with second-degree murder and felony child neglect.
On Tuesday, officers were called to a residence in reference to an infant that was not breathing. Deputies arrived on the scene and tried to resuscitate the child, but the baby was pronounced dead.
Upon investigation, deputies arrested Scheffler, the father of the baby. He was taken to the Blue Ridge Regional Amherst Jail and is being held without bond.
Police did not provide further details on the investigation but said it is ongoing.
Copyright 2022 Gray Media Group, Inc. All rights reserved.
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https://www.wibw.com/2022/05/20/20-year-old-father-charged-death-2-month-old-baby-police-say/
| 2022-05-20T17:24:39Z
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WEST OMAHA, Neb., May 25, 2022 /PRNewswire/ -- Pedego Electric Bikes, an award-winning electric bike company with sixteen unique models, and over 200 brick and mortar stores, welcomes its newest store in West Omaha, Nebraska. This Pedego store is independently owned and operated by Lester Snyder and is the first and only store in the state.
Photo download:
http://www.kcomm.com/wp-content/uploads/2022/05/Lester.png
Image Caption: Store owner Lester Snyder
Snyder is a local entrepreneur, owning five med spa service facilities and two alternative therapy centers. Snyder has seen firsthand the growing popularity of e-bikes and has enjoyed the benefits of electric biking. He knew W. Omaha would serve as the perfect location for a Pedego store where he could seek to provide health services that would allow customers to best understand how to incorporate and enjoy physical activity at their own pace, gain new health benefits and enjoy the outdoors. Opening a Pedego store has allowed Snyder to share his goal.
"Prioritizing living a healthy lifestyle is a vital puzzle piece to living a fulfilling life," said Lester Snyder, owner of Pedego West Omaha. "Even the smallest change such as getting on a bike can boost your mood, bring friends and family together, enjoy the outdoors and positively impact your body in the meantime. I look forward to many successful years serving my community with this great product I truly love and believe in."
While electric bikes have been designed as a leisure tool, using the pedal-assist modes have been a useful tool in injury rehabilitation. These rehabilitation claims are supported through brain studies such as this Science Daily and Archives of Clinical Neuropsychology at Oxford. With regular e-bike outings, users may see improvements related to blood pressure, balance, flexibility and increased energy.
Headquartered in Orange County, California, Pedego Electric Bikes has found great success in their non-franchise brick and mortar retail model over the past 13 years, and continues to hit the throttle on opening physical stores. Pedego has built a brand on a complete line of class-leading electric bikes, from cruisers to fat tire trail bikes, an industry leading 5-year warranty and a network of locally-owned dealers available for customization and regular on-site servicing. With Pedego's independent store growth, they are creating economic local growth in a profitable and booming industry.
Pedego has a unique culture of business leadership and has cultivated a massive community of Pedego enthusiasts. "Everything electric is just hot," says Don DiCostanzo, CEO of Pedego. "We are a lifestyle brand contributing to economic growth and entrepreneur opportunities. Whether it be a fun family activity, a serious sport, to reach personal health goals or for electric transportation, Pedego has an option for any activity that most everyone can enjoy - no matter the ability."
Pedego West Omaha is now open for business and will be celebrating its grand opening with a ribbon cutting ceremony on Jul. 30, 2022.
Pedego West Omaha also offers rental bikes perfect for riding the Paths of Discovery, allowing riders to take full advantage of Omaha's sophisticated system of interconnected paved trails. In an effort to even further integrate themselves into the community, the store will also be partnering with and attending the Radler Bike Festival in June, where they will be volunteering to help riders and support the Arbor Day Foundation.
To find a Pedego store near you please visit www.pedego.com/dealers.
About Pedego West Omaha
Pedego West Omaha is located at 14440 F Street Ste 109 Omaha, NE 68137, and offers e-bikes for rental and purchase, as well as bike mechanic service and to suit all Pedego e-biking needs. Their business hours are 11am-7pm Tuesday through Friday, Saturday 10 am-5pm, and Sunday 12pm-5pm. To learn more about Pedego's full-range lineup of electric bikes and try one for free, contact info@pedegowestomaha.com or call (402) 905-1401.
About Pedego® Electric Bikes
Founded in 2008, Pedego® is the leading brand of electric bikes in North America. Pedego is famous for premium quality, five-star local service, and an industry leading five year warranty. A complete line of 16 electric bike models are available at over 200 locally-owned Pedego stores that offer sales, rentals, tours, accessories, and service. Visit www.pedego.com to find a store and try a Pedego.
MEDIA CONTACT:
Rachel Devany
KCOMM
rachel@kcomm.com
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https://www.wibw.com/prnewswire/2022/05/25/americas-leading-e-bike-retailer-pedego-is-now-open-west-omaha-owner-continues-invest-aging-wisely-businesses/
| 2022-05-25T21:06:48Z
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Streaming accounted for nearly 30% of overall usage; total viewing dropped 4.2% from February
NEW YORK, April 21, 2022 /PRNewswire/ -- The Gauge, the monthly total TV and streaming snapshot from Nielsen (NYSE: NLSN), showed that streaming captured its largest share of total television usage ever in March, making up nearly 30% of overall viewing time. Despite a 0.7% decrease in time spent streaming from February, viewing share across all streaming platforms was either flat or gained slightly in March. Most notably, the "Other Streaming" subset, which includes any high-bandwidth video streaming on TV that is not individually broken out, increased its share by 0.3% as more streaming platforms continue to gain traction.
As a whole, total television usage was down in March, decreasing by 4.2% versus February. Cable stood out as the only viewing category to see an increase in both share and volume, jumping 1.6 share points from last month. Cable news viewing was up 14% from February and accounted for 21% of the cable share, driven by continuing news coverage of the Russia-Ukraine war.
Broadcast viewing was down 1.1 share points from February, impacted by a 53% decrease in sports viewing, as it was a challenge to replace the amount of viewership from the Winter Olympics and the Super Bowl. Drama programming stood out as the genre of choice for many broadcast consumers in March, increasing viewership by 17% from February and accounting for one-third of broadcast's share. While broadcast news consumption remained relatively flat at 14% of broadcast viewing, the volume of broadcast news programming dropped 6% versus the prior month.
Measuring and monitoring consumers' streaming behavior in a comparable way against linear TV usage is a critical source of information for the industry as content creators, media companies, streaming platforms, advertisers, industry groups, talent agencies and the talent themselves all seek clarity around the various video content that consumers engage with.
About The Gauge
The Gauge is underpinned by Nielsen's TV ratings service and Streaming Platform Ratings. The latter provides clients with audience measurement data that details the amount of time consumers spend streaming and on which platforms. This broad look at platform usage provides complimentary insights to Nielsen Streaming Content Ratings, which details viewing to subscription-based video on demand (SVOD) content at the title, program and episode level. By showcasing both the micro and macro-level data sets, the industry has a full picture of how this media is being consumed, as well as when and by whom.
Nielsen's approach to audience measurement, which leverages a geographically representative panel of real people and big data, is built for the future of media consumption. With The Gauge, the future of TV consumption is visible in a single view. The latest edition of The Gauge is always available at www.nielsen.com/thegauge.
About Nielsen
Nielsen shapes the world's media and content as a global leader in audience measurement, data and analytics. Through our understanding of people and their behaviors across all channels and platforms, we empower our clients with independent and actionable intelligence so they can connect and engage with their audiences—now and into the future. An S&P 500 company, Nielsen (NYSE: NLSN) operates around the world in more than 55 countries. Learn more at www.nielsen.com or www.nielsen.com/investors and connect with us on social media (Twitter, LinkedIn, Facebook and Instagram).
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https://www.wibw.com/prnewswire/2022/04/21/gauge-nielsens-total-tv-streaming-snapshot-reveals-streaming-has-its-largest-share-yet-march/
| 2022-04-21T12:47:21Z
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BUFFALO, N.Y., June 15, 2022 /PRNewswire/ -- Effective Thursday, June 16, 2022, M&T (NYSE:MTB) will increase its prime lending rate from 4.00% to 4.75%
About M&T
M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services in 12 states across the eastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the U.S. and abroad by M&T's Wilmington Trust-affiliated companies and by M&T Bank. For more information on M&T Bank, visit www.mtb.com.
Media Contact
Julia Berchou
716-842-5385
© 2022 M&T Bank. Member FDIC.
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https://www.wibw.com/prnewswire/2022/06/15/mampt-increases-prime-rate/
| 2022-06-15T22:55:05Z
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NEW YORK, April 12, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ATNM, BCDA, VERU, BDSX, and AGLE.
To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link.
- ATNM: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=ATNM&prnumber=041220221
- BCDA: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=BCDA&prnumber=041220221
- VERU: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=VERU&prnumber=041220221
- BDSX: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=BDSX&prnumber=041220221
- AGLE: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=AGLE&prnumber=041220221
(Note: You may have to copy this link into your browser then press the [ENTER] key.)
InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street. We have a wide range of tools to help investors make smarter decisions when investing in stocks or options.
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https://www.mysuncoast.com/prnewswire/2022/04/12/thinking-about-buying-stock-actinium-pharmaceuticals-biocardia-veru-biodesix-or-aeglea-bio-therapeutics/
| 2022-04-12T13:17:06Z
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Company recognized by peers as an industry leader for innovation in technology
HORSHAM, Pa., June 30, 2022 /PRNewswire/ -- The Penn Mutual Life Insurance Company (Penn Mutual), a Fortune 1000 company, is pleased to announce its recognition as a 2022 Insurance Technology Impact Award Winner from the Aite-Novarica Group Insurance Technology Research Council (Aite-Novarica). The Impact Awards represent the largest purely peer-juried awards in the industry. Winners are selected for their real-world business impact and their demonstration of the effective use of technology to meet business goals. Penn Mutual was recognized for the use of data and analytics in its accelerated life insurance underwriting.
"Streamlining underwriting and providing efficient, effective digital environments to support the sales process have been an ongoing priority area for life insurers, and the pandemic only heightened the importance of these capabilities," said Harry Huberty, Head of CIO Research at Aite-Novarica Group. "Penn Mutual's success in leveraging automation to support these needs is an excellent example of the ways in which insurers can utilize technology to enable greater sales volumes and create better customer experiences."
"We're honored to be recognized for modernizing and simplifying the life insurance buying experience," said Tom Harris, president of life insurance and annuities for Penn Mutual. "This award is a testament to our team's innovation and commitment to supporting our financial professionals with tools and technologies that allow them to better focus on providing solutions for their clients."
Penn Mutual's accelerated life insurance underwriting capability was introduced in 2017 as part of an industry-leading, end-to-end digital client experience. The initiative has seen the company develop machine learning-enabled predictive models to improve automation, simplifying and accelerating the life insurance application experience. These models have helped reduce average policy issue time by 50%, to as little as a few hours, and supported a 28% sales growth without increasing underwriting staff levels.
For more than 175 years, Penn Mutual has been helping people get stronger. Our expertly crafted life insurance is vital to long-term financial health and strengthens people's ability to enjoy every day. Working with our trusted network of financial professionals, we take the long view, building customized solutions for individuals, their families, and their businesses. Penn Mutual supports its financial professionals with retirement and investment services through its wholly-owned subsidiary Hornor, Townsend & Kent, LLC, member FINRA/SIPC. Visit Penn Mutual at www.pennmutual.com.
Aite-Novarica Group's Insurance Technology Impact Awards are the largest purely peer-juried awards in the industry recognizing IT initiatives that have created real impact on insurers' business, premium, and profitability. Submitted projects are reviewed and voted on by members of the Aite-Novarica Group Insurance Technology Research Council, a moderated knowledge-sharing community of more than 350 insurer technology leaders.
The Aite-Novarica Group Insurance Technology Research Council is a free, moderated, knowledge-sharing community of more than 350 insurer CIOs and senior executives. In addition to recognizing successful initiatives through the Impact Awards, members participate in anonymized studies and private, vendor-free events. More information can be found at https://aite-novarica.com/research-council.
The Council is managed by Aite-Novarica Group, an advisory firm providing mission-critical insights on technology, regulations, strategy, and operations to hundreds of banks, insurers, payments providers, and investment firms—as well as the technology and service providers that support them.
©2022 The Penn Mutual Life Insurance Company, 600 Dresher Road, Horsham, PA 19044
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https://www.kxii.com/prnewswire/2022/06/30/penn-mutual-receives-national-award-excellence-data-analytics/
| 2022-06-30T21:53:46Z
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AUSTIN, July 26, 2022 /PRNewswire/ -- NetRise, the company providing visibility into the world's XIoT security problem, and Fortress Information Security, the nation's leading cybersecurity provider for critical infrastructure organizations with digitized assets, announced today a strategic partnership.
This partnership gives Fortress Information Security's global customers access to the most advanced firmware binary analysis platform on the planet. The NetRise team's experience in data science, machine learning; and software reverse engineering dramatically expands Fortress customers' ability to identify and catalog risk rapidly across a much larger set of devices and images. NetRise gains access to a robust route to market for power, oil and gas and manufacturing clients that Fortress serves, a market that historically has proven difficult to tap into.
NetRise has developed an automated, cloud-based platform that provides comprehensive insight into the many risks present in a XIoT device. These risks and associated artifacts are presented in a clear and concise manner allowing consultants, product security personnel and SOC analysts to take appropriate action and begin to address the risks presented by these devices in their environment.
Tony Turner, Vice President of Fortress had this to say, "We are excited to be working with the NetRise team and have been very impressed with the capabilities of their platform overall. Most impressive is the velocity at which new features and any fixes have been delivered, and the flexibility of the team in working to integrate our ideas into the solution so quickly. We look forward to a long and mutually beneficial relationship with the NetRise team."
Thomas Pace, CEO of NetRise also commented: "This partnership represents an important milestone for our business. The team of world-class consultants and operational technology experts at Fortress have already brought great ideas to the table that are continually being integrated into our roadmaps. This partnership is a perfect example of why it is so important that technology startups find the right early design partners and customers to ensure they are building a great solution."
For more information about the NetRise/Fortress Information Security partnership, please email: partnerships@netrise.com.
Fortress Information Security secures critical industries from cybersecurity and operational threats stemming from vendors, assets, and software in their supply chains. Fortress is the only end-to-end platform that connects intelligence surrounding vendors, information technology and operational technology assets, and software through a holistic, fit-for-purpose approach. Fortress has also partnered with its customers and suppliers to form the Asset-to-Vendor (A2V) Network, which facilitates the secure and seamless exchange of asset information and security intelligence, enabling collaborative workflows to better understand and remediate potential issues. Fortress serves critical industries such as energy, government, aerospace & defense, critical manufacturing, industrial automation, automotive, and healthcare.
Based in Austin, Texas, NetRise was built by defensive cyber experts bred across the private sector, intelligence community and U.S. federal government to solve the firmware security problem. The company is currently partnering with companies across manufacturing, automotive, medical devices, industrial control systems, satellites and many more.
Media Contact:
For NetRise:
Danielle Ostrovsky
Hi-Touch PR
410-302-9459
Ostrovsky@hi-touchpr.com
For Fortress:
Adam Benson
Vrge Strategies
202.999.9104
adam@vrge.us
View original content to download multimedia:
SOURCE Fortress Information Security
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https://www.mysuncoast.com/prnewswire/2022/07/26/fortress-information-security-annouces-strategic-partnership-with-netrise-extend-xiot-offering/
| 2022-07-26T13:22:35Z
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Moist Towelette Museum: One of the quirkiest collections you’ll see
Published: Aug. 11, 2022 at 12:41 PM CDT|Updated: 34 minutes ago
EAST LANSING, Mich. (WXMI) – What started as a joke has turned into a squeaky-clean success.
The “Moist Towelette Museum” has one of the most unusual collections you will ever see.
It’s hidden in the back corner of an office at the planetarium at Michigan State University in East Lansing.
John French, the man behind it, started collecting the moist towelettes 30 years ago, and it evolved after people took an interest in his collection.
Most of the towelettes have been given to him by people who’ve heard his story.
French has more than 1,000 moist towelettes in his collection from all over the world.
Copyright 2022 WXMI via CNN Newsource. All rights reserved.
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https://www.kxii.com/2022/08/11/moist-towelette-museum-one-quirkiest-collections-youll-ever-see/
| 2022-08-11T18:16:49Z
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Average buyout rate across all MPBI insurers hits low of 101.5%
SEATTLE, Aug. 22, 2022 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI). As the Pension Risk Transfer (PRT) market continues to grow, it has become increasingly important to monitor the annuity market for plan sponsors that are considering transferring retiree pension obligations to an insurer.
During July, the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process decreased from 98.3% of a plan's total liabilities to 98.0% of those liabilities. For these plan sponsors, the estimated retiree PRT cost is now 98.0% of those plans' retiree accumulated benefit obligation (ABO). During the same time period, the average annuity purchase cost across all insurers in our index also decreased, from 103.0% to 101.5% - a record low for the MPBI. Despite that, the competitive bidding process is still estimated to save plan sponsors roughly 3.4% of PRT costs as of July 31.
"Another MPBI record-low for retiree buyout costs suggests the pension risk transfer market hasn't lost momentum," says Mary Leong, a consulting actuary with Milliman and co-author of the MPBI. "Historically, 65-75% of single premium sales (buy-ins and buyouts) occur in the second half of the year, so it will be interesting to see how sales look as 2022 rolls on."
The MPBI uses the FTSE Above Median AA Curve, along with annuity purchase composite interest rates from eight insurers, to estimate the competitive and average costs of a PRT annuity de-risking strategy. Individual plan annuity buyouts can vary based on plan size, complexity, and competitive landscape.
To view the complete Milliman Pension Buyout Index, go to https://www.milliman.com/mpbi. To receive regular updates with Milliman's pension buyout analysis, contact us at pensionbuyout@milliman.com.
About Milliman
Milliman is among the world's largest providers of actuarial and related products and services. The firm has consulting practices in healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. For further information, visit milliman.com.
View original content:
SOURCE Milliman, Inc.
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https://www.kxii.com/prnewswire/2022/08/22/milliman-analysis-competitive-pension-risk-transfer-buyout-rate-decreases-980-during-july/
| 2022-08-22T17:55:38Z
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SURFSIDE, Fla. (AP) — Jonah Handler’s miraculous rescue from one of the deadliest building collapses in U.S. history might seem to have an obvious parallel, given his name.
The teenage boy fell from the 10th floor of the beachfront condo tower that collapsed a year ago in Surfside, Florida, killing 98 people, including his mother. He landed in a crevice, trapped inside a pocket amid fallen concrete. A man who had been walking his dog saw Jonah’s hand waving from the rubble and got help.
For his father and others, the rescue brings to mind the Old Testament tale of the prophet Jonah, swallowed by a whale sent by God to save him from drowning.
“Plucked from the jaws of death,” Neil Handler said in an interview with The Associated Press. “I truly believe that God puts people in situations that help us build character.”
Now, Handler is sharing his son’s journey to physical and mental recovery as they start a foundation to help families and first responders dealing with post-traumatic stress disorder, like Jonah.
Handler said he decided to start the charity in memory of Jonah’s mother, Stacie Fang, after seeing the pain in the eyes of the people who pulled his son from the rubble.
Images of a first responder carrying Jonah on his shoulders offered hope to rescuers and the world as the search and rescue mission extended for 14 days. He was one of only three survivors. Fang died after being taken to a hospital, becoming the first victim identified by authorities. The family immediately requested privacy and Handler declined interviews until recently.
Jonah’s father had kept the aftermath of the collapse private to protect his son, who is now 16.
The boy spent five days in the hospital, suffering from compression fractures in his back, and was in a brace for two months. He started therapy to cope with his loss and trauma. When thunderstorms roll in, Handler said, he gets frightened.
“Every doctor, every psychiatrist I spoke to said that he’s no different than a combat veteran who just came back from war,” Handler said.
He said Jonah, a high school baseball player, went back to class and was treated like a “regular kid” to return to a sense of normalcy.
Often, the father tries to keep things light. On a recent day, they were going through a list of unclaimed items recovered from the debris. Handler was looking for jewelry he knew was important to Fang, such as a ring passed down from her father. Jonah, on the other hand, was looking at the signed baseballs.
“He said, ‘I didn’t know so many kids in my building liked baseball,’” Handler said. “He goes, ‘Do you think we can get them?’”
The day before the collapse, Jonah and his mother had returned home from seeing her brother, who was visiting Palm Beach County from New York.
Handler and Fang had separated but had a good co-parenting relationship, and he suggested letting Jonah spend the night at his place nearby so she could go see her boyfriend. Handler said Fang told him they would just stay put because they were tired.
“I think about that a lot,” Handler said.
The call came at 2 a.m., as he slept. It was Jonah, asking where he was and whether he had heard the collapse. Handler, who lives two buildings north, rushed over on foot but was unprepared for the scene of destruction.
“It was surreal. Dust in the air, a pile of just debris, a building sheared in half, and I have no idea where his mom is,” he said.
The building had pancaked, floor atop floor, to form a 40-foot-high (12-meter-high) heap of rubble. The passer-by who had heard Jonah’s voice climbed through a pile of glass and rebar in his flip-flops and saw the boy’s hand waving before he left to get help.
The cause of the collapse remains under investigation by the National Institute of Standards and Technology in a process that could take years. But the building had a long history of maintenance problems and questions have been raised about the quality of its original construction.
A Florida judge gave initial approval last month to a settlement of more than $1 billion to families who lost loved ones in the collapse, for which Handler praised attorneys because he said it helps relatives avoid years of court battles. A hearing Thursday, the day before the anniversary of the collapse, may finalize the settlement.
Finding a new normal for Jonah and his father has come with its challenges, but Handler said the boy was on board with starting the charity in honor of his mother.
The foundation called Phoenix Life Project will have its inaugural gala the day after the anniversary of the collapse and will include families of victims and first responders who dug through the rubble.
“These guys saved my kid’s life. I am forever indebted to them,” Handler said.
The father said that sometimes he feels powerless and finds it hard to discern what is typical behavior for a 16-year-old boy and how much is affected by what he suffered.
“Not only did he survive a collapsed building falling around him, he lost his mom, and he’s got the survivor’s guilt. So it’s a whole mess of stuff that he’s dealing with,” he said.
Handler said he doesn’t believe his son surviving the devastation was an accident.
“I don’t think it was luck. I really believe he’s a miracle. I believe he was chosen for something,” he said.
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https://cw33.com/news/u-s-news/ap-us-headlines/teens-miraculous-survival-in-florida-collapse-finds-purpose/
| 2022-06-24T00:04:10Z
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SAN JOSE, Calif., Aug. 18, 2022 /PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ: PYPL) today announced it has granted equity awards under its 2022 Inducement Equity Incentive Plan to new employees who joined PayPal. As previously disclosed, the Plan was approved and adopted by the Compensation Committee of the Board of Directors of PayPal Holdings, Inc. in June 2022. Information regarding the equity awards can be found on the company's investor relations website at: https://investor.pypl.com/news-and-events/news/
PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering 429 million consumers and merchants in more than 200 markets to join and thrive in the global economy. For more information, visit https://www.paypal.com.
Media Contact:
mediarelations@paypal.com
View original content:
SOURCE PayPal Holdings, Inc.
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https://www.mysuncoast.com/prnewswire/2022/08/18/paypal-announces-new-employee-inducement-grants/
| 2022-08-18T21:48:40Z
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The All-Star break came at a good time for the Las Vegas Aces and since play resumed they’ve been on a roll.
Las Vegas has won three straight — all on the road — averaging 102 points a game in those victories.
“We have so many weapons on offense,” said Aces guard Kelsey Plum, who is having the best season of her career, averaging 20.3 points. That’s second best in the league.
The Aces (18-7) have five starters scoring in double figures and are averaging a league-high 91.3 points a game. Chelsea Gray credits coach Becky Hammon for simplifying their offensive and defensive systems on both ends of the court as one reason for the team’s success.
Las Vegas won 13 of its first 15 games before stumbling prior to the All-Star break with five losses in seven games.
Now the Aces are winning again.
“No one said it was going to be easy. If being great was easy, everyone would be doing it,” Hammon said. “You have to hit some adversity. There should be some hiccups. We came out like a rocket and then hit some rough patches.
“The adversity will be beneficial to us more than the win-loss record down the road.”
They have three games at home before embarking on a six-game road trip that includes the Commissioner’s Cup title game in Chicago next Tuesday.
This week’s WNBA poll:
1. Chicago (19-6): The Sky keep winning, with four straight victories and nine of 10. Chicago was missing guard Courtney Vandersloot for concussion protocol in the last game, but hope to have her back soon.
2. Las Vegas (18-7): Riquna Williams has lately been providing solid minutes off the bench, averaging 7.2 points this season to give the Aces a spark.
3. Seattle (17-8): The Storm have won four straight and will be tested this week at Chicago and Phoenix.
4. Connecticut (16-9): The Sun were playing well following the All-Star break, then Jonquel Jones had to miss games because of COVID protocols. They hope to have the reigning MVP back soon.
5. Washington (16-11): Elena Delle Donne has been the pivotal to the Mystics’ run lately. The 6-foot-5 former league MVP has been able to play more and rest her back less. Washington has just one game this week before playing four games in six days.
6. Atlanta (11-14): A big road win at Phoenix without All-Star rookie Rhyne Howard has the Dream feeling good. Howard has been bothered by a shoulder injury and they hope to have her back soon. Atlanta already has its most wins since 2018.
7. Dallas (11-14): The Wings are looking to rebound after losing two of their last three. Center Teaira McCowan has provided a huge lift for the Wings in limited minutes.
8. Minnesota (10-17): The Lynx have consecutive home games against the Sun that will be critical to their chances of keeping their 11-year run of making the postseason alive.
9 (tie). Los Angeles (10-14): After a challenging road stretch to start the season, Los Angeles has been playing in the comforts of home for most of July. The Sparks haven’t been able to take advantage of it so far, going 2-3 during their seven-game homestand. Getting center Liz Cambage back from COVID protocols will help.
9 (tie). New York (9-15): The Liberty gave up 215 points in two games to Las Vegas and if they want to have any chance of making the postseason New York will need to clean up its defense — which sits near the bottom of the league. The Liberty are giving up 84.7 a game on average.
11. Phoenix (11-16): The Mercury haven’t been able to establish any consistency on either end of the floor this season. Skylar Diggins-Smith is having another great year satistically and Diana Taurasi lately has been playing well. The Mercury haven’t had much other production on the offensive end.
12. Indiana (5-22): Nine straight losses have the Fever looking towards the draft lottery and hopefully getting the No. 1 pick for the first time in franchise history.
PLAYER OF THE WEEK
Elena Delle Donne of Washington was voted the AP Player of the Week. She averaged 22 points, eight rebounds and 3.3 assists to help the Mystics win two of their three games. Kahleah Copper of Chicago, Breanna Stewart of Seattle, Kelsey Plum of Las Vegas and Jonquel Jones of Connecticut also received votes.
MEANINGFUL GESTURE
The WNBA All-Stars all switched to uniforms with Brittney Griner’s name and number on them for the second half of the game. Griner held up a photo showing the players honoring her when she was in court last week during her trial for drug possession.
GAME OF THE WEEK:
Seattle at Phoenix, Friday. Sue Bird and Diana Taurasi will meet for the final time in the regular season after spending the last two decades linked together from their time at UConn and on the U.S. national team. The game will also serve as a return to Phoenix for Tina Charles, who left the Mercury last month..
___
More AP women’s basketball: https://apnews.com/hub/womens-basketball and https://twitter.com/AP_Sports
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https://cw33.com/sports/ap-sports/las-vegas-aces-have-found-winning-ways-again-under-hammon/
| 2022-07-20T16:30:53Z
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ALBANY – The Sherrod Institute will host its second "Farm Field Day" April 29, honoring its founder during the event and stressing the importance of communitywide health and wellness.
The highlight of the event will be the Charles Sherrod Health & Wellness 5K Walk/Run, paying tribute to the man who brought the Civil Rights Movement to southwest Georgia.
“My husband’s grandmother taught him early that body and spirit go hand-in-hand, and so does a healthy diet and exercise,” Shirley Sherrod, the executive director of the Albany-based Sherrod Institute, said. “And so, we invite you to honor Sherrod while taking care of your bodies at the same time.”
The Farm Field Day will take place on April 29 from 9 a.m.-3 p.m. at the Sherrod Institute’s Cypress Pond campus, located at 801 Old Pretoria Road, three miles west of Albany’s airport. While the event is free and open to the public, those attending lunch must register on Eventbrite.
This year, as last, the Farm Field Day will offer multiple USDA-sponsored workshops and trainings for underserved farmers throughout southwest Georgia. Two years after COVID-19 disproportionately rocked the black community in southwest Georgia, event organizers chose to address the issue of health disparities.
Consistent with that theme, the Farm Field Day offerings include health-conscious cooking demonstrations, yoga sessions, fitness workouts, and a nutritious lunch.
During lunch, the Sherrod Institute will honor one of its own, the late entrepreneur and art gallerist Femi Nilaja Anderson, whose parents helped operate the original New Communities farm in Lee County. Anderson lost her battle with COVID in March of 2020.
Attendees also can take guided tours of Cypress Pond’s 1,600 acres. Radio station WUTU 88.3 FM will be broadcasting live on location.
Meanwhile, one of the primary purposes of this year’s event is to honor Charles Sherrod, who earned his ministry degree at Columbia University-affiliated Union Theological Seminary in New York.
In 1961, he arrived in southwest Georgia as the Student Nonviolent Coordinating Committee’s first field secretary. Within months, he kickstarted the historic Albany Movement, which drew scores of civil rights demonstrators, including Dr. Martin Luther King Jr.
“Sherrod was never about Sherrod, but about his people,” Shirley Sherrod said. “He was willing to put his life on the line, and he did.”
Despite multiple arrests and beatings for his civil rights activities, the Surry, Va., native settled in southwest Georgia, where he married, raised a family and committed his life.
After breaking away from SNCC over philosophical differences in 1966, Sherrod continued his civil rights work, cofounding the Southwest Georgia Project for Community Education.
In 1969, he helped co-found New Communities, then the largest black-owned farm in the nation and the country’s first community land trust. Despite eventual foreclosure due to drought and unfair loan practices 15 years after the acquisition, Sherrod went on to serve as an Albany city commissioner, where he remained until 1990.
Twenty years later, he and Shirley Sherrod joined other black farmers in a class-action lawsuit, settling out of court with the federal government as victims of discriminatory loan practices. The case allowed the couple to resume their nonprofit work in earnest, re-establishing themselves at Cypress Pond, where the Farm Field Day will take place.
Now 85, Sherrod continues his human rights work with his wife, addressing systemic problems confronting the black community at the intersection of race, food and land.
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https://www.albanyherald.com/local/sherrod-institute-to-host-second-farm-field-day/article_8e8f3a94-b443-11ec-abcc-4329d0a84d64.html
| 2022-04-04T20:51:51Z
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(The Hill) – Among the material allegedly seized from former President Trump’s home were numerous empty folders that once contained classified information or intel designated to be returned to the military, renewing questions over fallout from the potential mishandling of records and if they have since been recovered.
In an inventory from the Justice Department unsealed by a judge Friday, the government detailed that interspersed with Trump’s personal belongings were 48 empty folders with classified banners as well as another 42 empty folders that were labeled “return to staff secretary/military aide,” according to the filing.
The majority were found in Trump’s office, rather than the storage room at Mar-a-Lago.
It’s not clear if the materials the folders once housed are elsewhere in the boxes of recovered evidence, but experts say the suite of questions the detail raises argues in favor of allowing the Justice Department to continue its investigation, even as Trump seeks to stall its progress.
“The ideal scenario that would describe this is that the empty folders are actually for the records that are somewhere else in the boxes — that someone just didn’t keep them in the folder in the way they were supposed to, so they’re not actually out there in the wild somewhere,” said Kel McClanahan, executive director of National Security Counselors, a nonprofit law firm specializing in national security law.
“The least optimistic scenario is that they are nowhere to be found because they are already with someone else.”
The inventory list was given to U.S. District Judge Aileen Cannon shortly before she heard arguments from Trump’s legal team asking to stall the FBI investigation so that a third-party special master could review the evidence to protect what they claim could be privileged material. The DOJ has argued such a move is unnecessary as its own team of staff not assigned to the case has already reviewed the evidence for privileged material.
Beyond the empty folders, the Friday inventory details in broad strokes the other types of documents that were found within Trump’s office among the tranche of more than 100 recovered classified records: three documents marked confidential, 17 documents marked secret and seven documents marked top-secret.
Larry Pfeiffer, who previously served as senior director of the White House Situation Room and was chief of staff at the CIA, said the system for tracking classified documents should allow investigators to account for what information should be in the folders and determine if it is still on site.
But he expressed concern that the fact that they even ended up at Mar-a-Lago could mean proper record-keeping — even with career national security staffers on hand at the White House — may not have been taken seriously.
“To me, it sounds like there was either a horrific systemic breakdown in those processes … or those people just felt completely intimidated by Trump and the people around him. Or there were people who were completely operating around the system — that documents were flowing in and out of the Oval and up into the residence without ever going through this tracking process,” Pfeiffer told The Hill.
“I think it’s possible it was a mistake. I think it’s possible they were folders that were holding the documents that were already found. But I worry it could have been folders that had other documents in them and now the mystery is where are the other documents? And that’s the scary part.”
That includes the materials that expressly directed they be returned to the military.
“Anything that was in the folder should have been returned. The folder being there suggests it wasn’t,” Pfeiffer said.
The inventory list notes that the records were found mixed with clothes, books and other personal effects as well as some 10,000 presidential records that likely should be maintained by the National Archives.
That they were kept with Trump’s belongings — and in some cases, in his office — could be an important detail for the DOJ, one they alluded to in their filing. The department noted that “all evidence — including the nature and manner in which they were stored” — will inform their investigation.
“The co-mingling of all this stuff shows that there was no care taken with these records at a few different points in the process because at least one of two things happened to lead to this scenario,” McClanahan, the national security lawyer, said.
“No 1., while he was in office he or his staff haphazardly mixed all this classified and unclassified material together in boxes, showing that they weren’t handling it properly in the office. Or two, after he got home, he started rooting through the boxes and putting things in and taking things out, which would show that there was clear awareness and involvement of the classified nature of this material. I think that it’s probably going to be a mix of the two,” he added.
The confusion around the documents also adds another dimension to the special master case. Cannon noted she would weigh whether to allow the intelligence community to continue its review of the potential national security implications tied to the mishandling of material, including how to protect sources and methods. The review is being led by the Office of the Director of National Intelligence (ODNI).
“I don’t think finding empty folders gives it any more urgency than it already deserves. The fact that some of the most sensitive documents in our government were sitting around in storage rooms at a golf resort in Florida, intermingled with a bunch of other stuff, that clearly people [without clearances] could have physical access to … is frightening,” Pfeiffer said.
“The urgency is there regardless of whether there were empty folders found or not. And so therefore, having a special master now potentially put a halt to the damage assessment/risk assessment that the ODNI is doing, that would be further delay that we shouldn’t have to put up with.”
Others warn there’s no good way to block the Justice Department’s work while allowing the intelligence community to conduct its own assessment about the potential fallout.
“The FBI’s investigation and the Intelligence Community (IC) assessments are inextricably intertwined from a counterintelligence perspective,” Brian Greer, a former CIA attorney, told The Hill by email.
“To assess the risks, it’s important for the IC to know who accessed a given document, and they can only get that from the FBI. But if the court prohibits the FBI from accessing certain classified documents because they might be subject to an executive privilege claim, that process will break down.”
Cannon declined to make an immediate ruling on the matter when each side presented their arguments Thursday, but McClanahan said if she grants Trump’s request it could ultimately backfire for a former president who often insists he has been treated unfairly: McClanahan noted a special master could easily decide the FBI did not obtain any materials that should be protected by either attorney-client or executive privileges, as Trump is asserting.
“He won’t be able to say, ‘the DOJ privilege review team wrongfully decided it.’ He’s going to have to say, ‘the DOJ privilege review team, and the subject matter expert that I asked for, and a federal judge wrongfully decided it,’” McClanahan said.
“And in an area like this where there’s not a whole lot of room for him to be right — that’s a very risky move.”
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https://cw33.com/news/nexstar-media-wire/scrutiny-builds-over-fbis-discovery-of-empty-folders-at-mar-a-lago/
| 2022-09-03T16:51:35Z
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LOOK: Family orchard reveals ‘Winnie the Pooh’ theme for 2022 corn maze
LEVANT, Maine (WABI/Gray News) - There may not be a more fun way to get lost than this corn maze in Maine.
Treworgy Family Orchards in Levant is opening their famous corn maze to the public on Saturday.
This year, the maze’s owner, Jonathan Kenerson, told WABI that legendary honey loving bear Winnie the Pooh is the theme.
“You know, honestly one of our favorite characters of literature,” he said. “And so, we went back to the original A. A. Milne book and got Winnie the Pooh and Piglet and figured out how to make a maze around them.
There’s plenty of hidden details in the design, too.
“We like to hide things through the design, so you’ll see a little bee around here, we’ve got a little honeycomb and the honey jar,” Kenerson said. “But in terms of surprises, I mean, you gotta get in there and find out. We’ve got a really fun game this year.”
The goal of the game is to find all six stations and give the correct answer to the question it asks you. If you scratch off the correct answer on your scorecard, you’ll see a jar of “hunny.”
There’s more to do than just walk in this neck of the woods, of course.
“We’re also picking blueberries; they can visit the goats. We’ve got a full café menu with ice cream and coffee, so, it makes a great day,” Kenerson said.
Just remember, if you find yourself lost in these 100-acre woods, keep moving, and please don’t cut through the corn.
Copyright 2022 WABI via Gray Media Group, Inc. All rights reserved.
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https://www.kxii.com/2022/07/24/look-family-orchard-reveals-winnie-pooh-theme-2022-corn-maze/
| 2022-07-24T21:27:58Z
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NEW YORK, June 9, 2022 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Energy Transfer LP (NYSE: ET) between April 13, 2017 and December 20, 2021, both dates inclusive (the "Class Period"). If you wish to serve as lead plaintiff, you must move the Court no later than August 2, 2022.
SO WHAT: If you purchased Energy Transfer 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 Energy Transfer class action, go to https://rosenlegal.com/submit-form/?case_id=6844 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 2, 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. 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 concealed and/or failed to disclose that: (1) Energy Transfer had inadequate internal controls and procedures to prevent contractors from engaging in illegal conduct with regards to drilling activities, and/or failed to properly mitigate known issues related to such controls and procedures; (2) Energy Transfer through its subsidiary hired third-party contractors to conduct horizontal directional drilling activities ("HDDs") for the Rover Pipeline Project, whose conduct of adding illegal additives in the drilling mud caused severe pollution near the Tuscarawas River in Ohio when the April 13, 2017 release of drilling mud near the Tuscarawas River (the "April 13 Release") took place; and (3) Energy Transfer continually downplayed its potential civil liabilities when Federal Energy Regulatory Commission ("FERC") was actively investigating Energy Transfer's wrongdoing related to the April 13 Release and consistently provided it with updated information about FERC's findings on this matter. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Energy Transfer class action, go to https://rosenlegal.com/submit-form/?case_id=6844 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A.
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https://www.kxii.com/prnewswire/2022/06/09/nationally-ranked-rosen-law-firm-encourages-energy-transfer-lp-investors-with-losses-secure-counsel-before-important-deadline-securities-class-action-et/
| 2022-06-09T18:34:19Z
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Judge weighing verdict in Mario Batali sexual misconduct case
BOSTON (AP) — Celebrity chef Mario Batali’s fate in his Boston sexual misconduct trial now rests in a judge’s hands.
Lawyers for both the defense and prosecution rested their cases on Tuesday, the second day of the swiftly moving trial in which the former Food Network star waived his right to have a jury decide the verdict.
The case being heard in Boston Municipal Court is centered on a woman who says Batali kissed and groped her while she attempted to take a selfie at a Boston bar in 2017.
In his closing statements, Batali’s lawyer Antony Fuller portrayed the victim as an “admitted liar” who is financially motivated, as she’s seeking more than $50,000 in damages from Batali in a separate lawsuit.
“In her world, truth is a flexible concept,” he said, referencing the woman’s recent admission of attempting to avoid jury service by claiming to be clairvoyant, which was a focus on Monday’s hearing.
Fuller also said the multiple photos the woman took with Batali suggest an “entirely consensual encounter” in which she doesn’t appear to show any unease.
“Photos and video don’t lie. They don’t have a financial motivation,” he said. “But she does. "
Prosecutor Nina Bonelli countered in her closing statement that Batali’s lawyers were trying to “demonize” the woman, when it was in fact their client on trial over his conduct.
She argued it was “absolutely undeniable” from the photos that Batali was drunk and aggressively kissing the woman’s face. What’s not shown, she said, is what was happening off camera as he also grabbed her private areas.
Bonelli said the woman had tried to “de-escalate” the unwanted touching from the powerful celebrity by simply “smiling it off.”
“The kissing, the groping. She never asked for it. She never consented to it,” she said. “She just wanted a selfie.”
The court session is expected to resume in the afternoon, when Judge James Stanton could potentially deliver his verdict.
The accuser, a 32-year-old software company worker, testified Monday that she’d felt confused, powerless and embarrassed to share her story until other women stepped forward to share similar encounters with Batali.
Batali, who pleaded not guilty to indecent assault and battery, could face up to 2 1/2 years in jail and be required to register as a sex offender if convicted.
The 61-year-old, who was once a fixture on shows like “Molto Mario” and “Iron Chef America,” is among a number of high-profile men who have faced a public reckoning during the #MeToo social movement against sexual abuse and harassment in recent years.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.mysuncoast.com/2022/05/10/judge-weighing-verdict-mario-batali-sexual-misconduct-case/
| 2022-05-10T17:44:31Z
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ROME (AP) — Cardinal Angelo Sodano, a once-powerful Italian prelate who long served as the Vatican’s No. 2 official but whose legacy was tarnished by his support for the pedophile founder of an influential religious order, has died. He was 94.
The Vatican in its Saturday announcement of his death said Sodano had died on Friday. Italian state radio said that Sodano recently had contracted COVID-19, complicating his already frail health. Corriere della Sera said he died in a Rome clinic where he had been admitted a few weeks ago.
Pope Francis in a condolence telegram Saturday to Maria Sodano, the retired prelate’s sister, noted that Sodano had held many roles in the Vatican’s diplomatic corps, culminating in his being named secretary of state on June 28, 1991, by the then-pontiff, John Paul II. A day later, John Paul, who later was made a saint, elevated Sodano to the rank of cardinal.
In the condolence message, Francis expressed “sentiments of gratitude to the Lord for the gift of this esteemed man of the church” and paid tribute to his long service as a Vatican diplomat in Ecuador, Uruguay and Chile in South America, Francis’ native continent.
But late in his Vatican career, Sodano’s church legacy was tarnished by his staunch championing of the Rev. Marcial Maciel, the deceased Mexican founder of the Legion of Christ, a religious order, who was later revealed to be a pedophile. Maciel’s clerical career was discredited by the cult-like practices he imposed on the order’s members. An internal investigation eventually identified 33 priests and 71 seminarians in the order who sexually abused minors over some eight decades.
Sodano for years, while secretary of state under John Paul, had prevented the Vatican from investigating sex abuse allegations against Maciel. The Holy See had evidence dating back decades that the founder of the religious order — an organization that was a favorite of John Paul’s for producing so many priests — was a drug addict and a pedophile.
The Vatican’s biography, issued after Sodano died, made no mention of the scandals. Instead, it noted Sodano’s accomplishment as a top Vatican diplomat, including his work for “the peaceful solution to the controversy of the sovereignty of 2 states,” a reference to the territorial dispute that erupted in the 1982 Falklands War between Argentina and Britain.
Speaking of Sodano’s career at the Vatican, which saw him serve until 2006 as the Holy See’s No. 2 official in the role of secretary of state, Francis said the prelate had carried out his mission with “exemplary dedication.”
In December 2019, Francis accepted Sodano’s resignation as Dean of the College of Cardinals, an influential role, especially in preparing for conclaves, the closed-door election of pontiffs. Sodano had held that position from 2005.
Sodano was born in Isola d’Asti, a town in the Piedmont region of northern Italy, on Nov. 23, 1927. He was ordained a priest in 1950 and obtained a doctorate in theology at the prestigious Pontifical Gregorian University and in canon law from the Pontifical Lateran University, both in Rome.
He joined the Vatican’s diplomatic corps in 1959, eventually representing the Holy See at foreign ministers’ meetings across Europe.
In 2000, Sodano played a role in ending an enduring mystery at the Vatican by disclosing the so-called third secret of Fatima.
In 1917, three Portuguese shepherd children said they saw the Virgin Mary appear above an olive tree and she told them three secrets. The first two were said to have foretold the end of World War I and the start of World War II and the rise and fall of Soviet communism. Some speculated that the third, unrevealed secret, was a doomsday prophecy.
While the pope was visiting the popular shrine in Fatima, Portugal, Sodano said that the “interpretations” of the children spoke of a “bishop clothed in white,” who “falls to the ground, apparently dead, under a burst of gunfire.” That description evoked the assassination attempt on John Paul in St. Peter’s Square on May 13, 1981, in which the pope was gravely wounded. It was the same day of the year as the first of the reported Fatima visions in 1917.
Sodano’s funeral is to take place on Tuesday in St Peter’s Basilica. It will be celebrated by the dean of the College of Cardinals, Giovanni Battista Re, while Pope Francis will perform a traditional funeral rite at the end of the ceremony.
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https://cw33.com/news/international/ap-international/cardinal-angelo-sodano-powerful-vatican-prelate-dies-at-94/
| 2022-05-29T13:10:08Z
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TOPEKA, Kan. (WIBW) - With local students gearing up for the start of the school year, here’s what you need to know.
School start dates:
School District openings:
Copyright 2022 WIBW. All rights reserved.
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https://www.wibw.com/2022/08/08/back-school-2022/
| 2022-08-08T12:09:22Z
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DUBLIN, July 10, 2022 /PRNewswire/ -- Nearwater Capital today announced the formal appointment of Gary Barnett and John Willian as non-executive directors to the board of Nearwater Capital Markets, Limited (Nearwater Capital Markets). Nearwater Capital Markets is the firm's new security-based swap dealer (SBSD). Following the appointment, the board will be comprised of 5 directors, three of whom are independent or non-executive directors, including Chairperson Davina Saint, a senior banking executive and independent director based in Ireland.
Mrs. Saint confirmed:
"I am really looking forward to working with Gary and John. Gary brings a wealth of swap dealer regulatory expertise and insight to the firm and John's deep experience in the trading and financing markets will be an invaluable asset to the Board."
Mr. Barnett has an extensive background in swap dealer and security-based swap dealer policy, regulation and oversight. He was appointed by the Honorable Gary Gensler to the Commodity Futures Trading Commission (CFTC) in 2011as the first Director of the CFTC's Division of Swap Dealer and Intermediary Oversight (now the Market Participants Division) , where he established the registration and compliance programs for Swap Dealers under the new regulatory regime established by the Dodd Frank Act. Mr. Barnett led the responses to the futures commission merchant (FCM) and RFED crises following MF Global, including the reorientation of the CFTC's exam program and the creation and adoption of the FCM customer protection rules while at the CFTC.
In 2015, Mr. Barnett left the CFTC to join the Securities and Exchange Commission (SEC) as Deputy Director of the Division of Trading and Markets, where he oversaw the division's Office of Broker-Dealer Finances, Office of Derivatives Policy, Office of Trading Practices and its Volcker Rule team in addition to various global regulatory initiatives.
Mr. Willian is a former Partner of Goldman Sachs, having spent over 28 years in a variety of senior sales, trading and capital markets related roles.
At Goldman Sachs, Mr. Willian's responsibilities included serving as Global Head of Prime Services within Global Securities Services, and running Goldman Sachs Electronic Trading and Futures Businesses, Municipal Sales and Trading, and Goldman's Global Money Markets businesses. Prior to his retirement, Mr. Willian was Goldman's Global Head of Fixed Income Sales.
Mr. Willian was also a member of Goldman's 's Finance Committee, Securities Division Business Practices Committee, as well as the firm-wide New Products Committee.
Mrs. Saint, who has been on the board since 2022, was the General Counsel for the BNP SA Group in Ireland for 19 years, before becoming the Head of Branch in Ireland for BNP Paribas' Securities Services business. Mrs. Saint sat on various boards for the BNP Paribas Group including their Prime Brokerage lending company and the main Irish Holding Company of the Bank (BNP Paribas Ireland.) In 2020, Mrs. Saint was appointed by the Ministry of Finance as a Director of the National Asset Management Agency where she is an Independent Director and chairs the Remuneration Committee. She also serves on the board of BlackRock Global Funds plc in Luxembourg.
Nearwater Capital Markets was established and capitalized in 2021 in Ireland and is owned and operated by Nearwater Capital. Nearwater Capital Markets will be registering with the SEC as a security-based swap dealer with the intent of being the preeminent hedging and risk mitigation counterparty for global banks via total return swaps. The Capital Markets business model will build on the success of Nearwater's Liquid Markets franchise, which has grown to $14.5 billion in assets since its inception in 2019.
Nearwater Capital, LP ("Nearwater Capital') is a specialty finance company that was established in 2017. The firm is a leading provider of financing to sponsors to assist with compliance with Dodd-Frank and other global risk retention requirements and one of the largest sponsors of secured debt programs. In the last two years, the firm has experienced strong growth, with its employee headcount doubling in size and its balance sheet currently over $18A billion as of year-end 2021.
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https://www.wibw.com/prnewswire/2022/07/11/nearwater-capital-announces-appointment-gary-barnett-john-willian-board-directors-nearwater-capital-markets-limited/
| 2022-07-11T02:16:15Z
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Roberto Herencia Brings New Perspective to Catholic Investment Manager's Board
CHICAGO, July 6, 2022 /PRNewswire/ -- Christian Brothers Investment Services, Inc. ("CBIS"), a leading Catholic, socially responsible investment management firm and registered investment advisor to Catholic investors around the world, announced the appointment of Roberto Herencia to its board of directors.
A 30-year veteran of the financial services industry, Mr. Herencia has served as Chief Executive Officer of Chicago-based Byline Bancorp since February 2021 and Chairman of Byline Bancorp and Byline Bank since June 2013.
He has served as President and Chief Executive Officer of BXM Holdings, Inc., an investment fund specializing in community bank investments, since 2010, where he led the recapitalization of Byline's predecessor, Metropolitan Bank Group.
"From its inception, CBIS has sought to help Catholic investors around the world unify their faith with responsible management of their assets," says Jeff McCroy, President & Chief Executive Officer of CBIS. "It's a great challenge and I couldn't be more pleased to have a quality individual like Roberto Herencia join us in our efforts. His expertise and experience beyond the U.S. financial markets will no doubt prove invaluable as we continue to expand our global business."
Mr. Herencia currently serves as a trustee of DePaul University and Northwestern Memorial Foundation in Chicago, is on the Board of Directors of Junior Achievement of Chicago and Polk Bros. Foundation, and serves as a member of the Archdiocese of Chicago's Finance Council. He was appointed by President Obama in 2011 to serve on the Overseas Private Investment Corporation's board of directors.
"These are particularly empowering times for us here at CBIS," says Bill Rybak, CBIS Board Chair. "I'm thrilled to be working with a veteran professional like Roberto in our aggressive efforts to help Catholic investors looking to transform the world."
In addition to executive roles with BXM, Midwest Banc Holdings, and Banco Popular North America, Mr. Herencia has served in director roles with Banner Corporation, FirstBank Puerto Rico, American West Bank, and First National Bank of Starbuck.
"I've served in many roles throughout my career, but I consider none more important than being a fiduciary of Catholic assets," says Mr. Herencia. "I feel particularly blessed to have this opportunity to help a great company like CBIS deliver on its commitments to Catholic investors and shareholders around the world. It's a chance, I believe, to answer a higher calling."
CBIS is the Catholic responsible investment firm of choice for a diverse range of Catholic investors. For more information on the firm and its investment efforts, please visit cbisonline.com.
CBIS is an SEC-registered investment advisory firm amplifying the power of Catholic investors to transform the world. Responsible for more than $10 billion in assets under management, Chicago-based CBIS works with Catholic investors to develop socially responsible investment strategies and solutions that uphold Catholic beliefs and values without sacrificing returns for investors, often taking an engaged ownership role to command change in its investments. Founded in 1981 by the De La Salle Christian Brothers, CBIS engages third-party institutional investment firms to actively sub-advise its portfolios. For more information, visit cbisonline.com, or call 877-550-2247.
Media Contact:
Sarah McClain, Chief Marketing Officer
312-803-4721
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SOURCE CBIS
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https://www.wibw.com/prnewswire/2022/07/06/cbis-names-international-financial-services-executive-director/
| 2022-07-06T19:41:39Z
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NEW YORK, June 10, 2022 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Aurinia Pharmaceuticals Inc. (NASDAQ: AUPH) between May 7, 2021 and February 25, 2022, inclusive (the "Class Period"), of the important June 14, 2022 lead plaintiff deadline.
SO WHAT: If you purchased Aurinia 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 Aurinia class action, go to https://rosenlegal.com/submit-form/?case_id=3851 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 June 14, 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) Aurinia was experiencing declining revenues; (2) Aurinia's 2022 sales outlook for LUPKYNIS would fall well short of expectations; (3) accordingly, Aurinia had significantly overstated LUPKYNIS's commercial prospects; (4) as a result, Aurinia had overstated its financial position and/or prospects for 2022; and (5) as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Aurinia class action, go to https://rosenlegal.com/submit-form/?case_id=3851 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.
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https://www.mysuncoast.com/prnewswire/2022/06/10/auph-final-deadline-alert-rosen-leading-trial-attorneys-encourages-aurinia-pharmaceuticals-inc-investors-with-losses-secure-counsel-before-important-june-14-deadline-securities-class-action-auph/
| 2022-06-10T22:14:16Z
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Move to new digital banking platform supports credit union's strategic focus on retail and business banking
PLANO, Texas, April 19, 2022 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for banks and credit unions in the U.S., announced today that ORNL Federal Credit Union ("ORNL FCU") is implementing the Alkami Platform to amplify its digital banking experience with leading-edge digital tools and technology designed to help their members thrive.
"Our mission was to find a true, single platform that is innovative, customizable and offers a seamless user experience for our members," said Dawn Brummett, executive vice president and COO of ORNL FCU. "After vetting several providers, we chose to partner with Alkami because they brought the most advanced digital banking experience to the table and have a proven track record of continuous innovation and stability. Their ongoing guidance will help us stay ahead of the curve and empower our members to get the most out of their digital banking experience."
ORNL FCU's digital channel saw an 24.2% increase over the past two years, making it the largest "branch" of the credit union and bringing its active participation rate to 57% across its member base. This growth is expected to accelerate with the launch of the Alkami platform, which will improve the existing user experience and introduce new features and functionality that will attract new users.
Alkami's chief executive officer, Alex Shootman said, "We are thrilled to have ORNL FCU join the growing Alkami family. Our clients are among the most progressive financial institutions in the country, and ORNL FCU stands out as a leader in the space. It is exciting to have such dedicated and visionary clients whose digital-first mindset helps us push the envelope on what we can deliver to help fuel their growth."
"ORNL FCU is committed to providing our members with a best-in-class digital banking experience. From money movement and credit monitoring to online loan applications and Bitcoin services, our new platform helps us deliver on that promise," added ORNL FCU CEO Colin Anderson. "And, knowing we are partnering with a platform provider that has the knowledge, partnerships and extensibility to continue growing with us strategically ensures our ability to effectively cater to our members' digital needs now and into the future."
About ORNL Federal Credit Union
ORNL Federal Credit Union is a not-for-profit financial cooperative locally owned and operated by its members for the benefit of all who belong. Established in 1948 with 10 founding members, ORNL FCU's assets have grown to over $3.3 billion and membership has grown to over 185,000. Membership is open to businesses and anyone who lives, works, worships, or attends school in 19 counties of East Tennessee.
About Alkami
Alkami Technology, Inc. is a leading cloud-based digital banking solutions provider for financial institutions in the United States that enables clients to grow confidently, adapt quickly and build thriving digital communities. Alkami helps clients transform through retail and business banking, digital account opening, loan origination, and multi-payment fraud prevention solutions. To learn more, visit www.alkami.com.
Media Relations Contact
Jennifer Cortez
jennifer.cortez@alkami.com
Katie Schimmel
katie@outlookmarketingsrv.com
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SOURCE Alkami Technology, Inc.
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https://www.wibw.com/prnewswire/2022/04/19/ornl-federal-credit-union-partners-with-alkami-power-its-digital-banking-experience/
| 2022-04-19T16:54:30Z
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(NEXSTAR) – Following a sweeping move to forgive $3.9 billion in federal student loan debt for 208,000 borrowers defrauded by ITT Technical Institute earlier this week, the Biden administration has now approved $32 billion in loan forgiveness.
The loan discharge, announced Tuesday, applies to any federal student loans borrowers received to attend ITT between January 2005 to the institute’s closure in September 2016. The Department of Education had previously decided to forgive student loans for borrowers who attended ITT due to the school’s “widespread and pervasive misrepresentations related to the ability of students to get a job or transfer credits.” ITT had already been accused of lying about the “programmatic accreditation” of its associate nursing degree.
With this latest discharge, the Biden administration has approved nearly $32 billion in student loan forgiveness for over 1.6 million borrowers.
Students defrauded by their school have received the most relief. One million borrowers have received $13 billion in debt discharge under the Biden administration. This includes forgiveness for students of ITT, Corinthian Colleges, Marinello Schools of Beauty, DeVry University, Westwood College, and the Minnesota School of Business/Globe University’s criminal justice programs. If you believe your school misled you or engaged in misconduct, here’s how to file a report with the Federal Student Aid office.
Another $9.6 billion has been forgiven for roughly 175,000 borrowers who qualify for the Public Service Loan Forgiveness Program. Commonly referred to as PSLF, this program provides loan relief for those working in public service after they’ve made a set number of payments on their qualifying loans.
A temporary waiver set to expire at the end of October has suspended some of the program’s requirements, expanding debt relief access to borrowers who may not have qualified before. As many as nine million public service workers may qualify for PSLF, a recent report found. Here’s how to determine if you qualify.
More than 425,000 borrowers have received $9 billion in student debt relief through total and permanent disability discharges, the Education Department said earlier this week. To identify eligible borrowers, officials use existing data from the Social Security Administration. Details about how to show that you qualify for a TPD loan discharge can be found here.
The federal student loan payment pause is set to expire in less than two weeks. While it is clear President Joe Biden is nearing some sort of decision on student loans, it’s not clear what that decision will entail or when he will announce it.
Education Secretary Miguel Cardona said Tuesday that he could not outline any of President Biden’s potential plans regarding federal student loans but that “borrowers will know directly and soon from us when a decision is made.”
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https://cw33.com/news/nexstar-media-wire/student-loan-forgiveness-who-is-eligible-for-32b-approved-by-biden-admin-so-far/
| 2022-08-19T00:01:42Z
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“We’re full”: Sherman police assessing homeless population as shelter sees increased need
SHERMAN, Texas (KXII) - The Sherman Police Department launched an analysis of the homeless community to understand just how big the population is and what programs the community needs.
“We want to know exactly what’s going on within the city limits of Sherman,” said Sgt. Brett Mullen, with the Sherman Police Department.
Sherman Police said they want to count how many homeless people are permanently living in the city, including how many are sheltered vs. unsheltered.
“We have had this issue going on for several years now,” said Mullen. “With the population growth we see coming, you know, it could just expand that or make the problem worse.”
They said the analysis will help them plan new services and programs for the homeless community.
Right now, there are two local places for the homeless to go offering a place to stay, including the Salvation Army and the Texoma Family Shelter.
As the only shelter in Grayson County that takes women, the Texoma Family Shelter said beds are getting harder to come by.
“We’re full,” said the Executive Director of the Texoma Family Shelter, Angela Sharp. “We’ve had so many families this week and individuals calling to come in.”
Out of 42 beds, they said 28 are taken.
They also said they only have four rooms left for families.
“That is stacked and packed,” said Sharp.
They said the rising costs of just about everything is the driving force behind the growing need.
“With the rising costs of fuel, groceries, everything else, people are having to make decisions about whether they’re going to buy gas for their cars or groceries for their table or pay their rent,” said Sharp.
As the Texoma Family Shelter fills up, they said its shelves are emptying out.
They said they need donations of the following items:
- Paper towels
- Paper plates, cups, plasticware
- Laundry detergent (HE)
- Fabuloso All-Purpose Cleaner
- Windex
- Shower Cleaner (Scrubbing Bubbles, etc.)
- Meat
- Fresh fruit and vegetables
Copyright 2022 KXII. All rights reserved.
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https://www.kxii.com/2022/07/12/were-full-sherman-police-assessing-homeless-population-shelter-sees-increased-need/
| 2022-07-13T00:49:32Z
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