text stringlengths 65 123k | url stringlengths 25 420 | crawl_date timestamp[us, tz=UTC]date 2022-04-01 01:00:57 2022-09-19 04:34:04 |
|---|---|---|
Mercer County home badly damaged in fire Monday
Published: May. 2, 2022 at 8:57 PM EDT|Updated: 1 hour ago
MELROSE, W.Va. (WVVA) - A house fire badly damaged a home in the Mercer County community of Melrose Monday afternoon.
Mercer County Dispatch confirmed a call came in around 4:30 p.m. reporting the incident. A firefighter on-scene confirmed with WVVA that no people were home at the time of the fire, although a pet dog was found deceased. The cause of the fire has not been determined.
Melrose Elementary school posted on Facebook Monday evening asking for donations to help the family recover. You can find that information on the school’s Facebook post.
Copyright 2022 WVVA. All rights reserved. | https://www.wvva.com/2022/05/03/mercer-county-home-badly-damaged-fire-monday/ | 2022-05-03T02:22:35Z |
Report: Draft opinion suggests Supreme Court will overturn Roe v Wade
WASHINGTON (AP) — A draft opinion circulated among Supreme Court justices suggests that earlier this year a majority of them had thrown support behind overturning the 1973 case Roe v. Wade that legalized abortion nationwide, according to a report published Monday night in Politico. It’s unclear if the draft represents the court’s final word on the matter.
The Associated Press could not immediately confirm the authenticity of the draft Politico posted, which if verified marks a shocking revelation of the high court’s secretive deliberation process, particularly before a case is formally decided.
A Supreme Court spokeswoman said the court had no comment.
The news outlet published what was labeled as a “1st Draft” of the “Opinion of the Court” in a case challenging Mississippi’s ban on abortion after 15 weeks, a case known as Dobbs v. Jackson Women’s Health Organization.
The Supreme Court has yet to issue a ruling in the case, and opinions — and even justices’ votes — have been known to change during the drafting process. The court is expected to rule on the case before its term is up in late June or early July.
The draft is signed by Justice Samuel Alito, a member of the court’s 6-3 conservative majority, who was appointed by former President George W. Bush.
“Roe was egregiously wrong from the start,” the draft opinion states.
“We hold that Roe and Casey must be overruled,” it adds, referencing the 1992 case Planned Parenthood v. Casey that affirmed Roe’s finding of a constitutional right to abortion services but allowed states to place some constraints on the practice. “It is time to heed the Constitution and return the issue of abortion to the people’s elected representatives.”
The draft opinion in effect states there is no constitutional right to abortion services and would allow individual states to more heavily regulate or outright ban the procedure.
Politico said only that it received “a copy of the draft opinion from a person familiar with the court’s proceedings in the Mississippi case along with other details supporting the authenticity of the document.”
The report came amid a legislative push to restrict abortion in several Republican-led states — Oklahoma being the most recent — even before the court issues its decision. Critics of those measures have said low-income women will disproportionately bear the burden of new restrictions.
The leak jumpstarted the intense political reverberations that the high court’s ultimate decision was expected to have in the midterm election year. Already politicians on both sides of the aisle were seizing on the report to fundraise and energize their supporters on either side of the hot-button issue.
An AP-NORC poll in December found that Democrats increasingly see protecting abortion rights as a high priority for the government.
Other polling shows relatively few Americans want to see Roe overturned. In 2020, AP VoteCast found that 69% of voters in the presidential election said the Supreme Court should leave the Roe v. Wade decision as is; just 29% said the court should overturn the decision. In general, AP-NORC polling finds a majority of the public favors abortion being legal in most or all cases.
Still, when asked about abortion policy generally, Americans have nuanced attitudes on the issue, and many don’t think that abortion should be possible after the first trimester or that women should be able to obtain a legal abortion for any reason.
Alito said the court can’t predict how the public might react and shouldn’t try. “We cannot allow our decisions to be affected by any extraneous influences such as concern about the public’s reaction to our work,” Alito wrote in the draft opinion, according to Politico.
At arguments in December, all six conservative justices signaled that they would uphold the Mississippi law, and five asked questions that suggested that overruling Roe and Casey was a possibility.
Only Chief Justice John Roberts seemed prepared to take the smaller step of upholding the 15-week ban, though that too would be a significant weakening of abortion rights.
Until now, the court has allowed states to regulate but not ban abortion before the point of viability, around 24 weeks.
The court’s three liberal justices seemed likely to be in dissent.
It’s impossible to know what efforts are taking place behind the scenes to influence any justice’s vote. If Roberts is inclined to allow Roe to survive, he need only pick off one other conservative vote to deprive the court of a majority to overrule the abortion landmark.
Copyright 2022 Associated Press. All rights reserved. | https://www.wvva.com/2022/05/03/report-supreme-court-set-overturn-abortion-rights/ | 2022-05-03T02:22:41Z |
...SMALL CRAFT ADVISORY REMAINS IN EFFECT UNTIL 6 AM HST
TUESDAY...
* WHAT...East to northeast winds 20 to 25 kt...up to 30 kt over
the Alenuihaha Channel. Seas 7 to 10 feet.
* WHERE...All Hawaiian Coastal Waters.
* WHEN...Until 6 AM HST Tuesday.
* IMPACTS...Conditions will be hazardous to small craft.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Inexperienced mariners, especially those operating smaller
vessels, should avoid navigating in these conditions.
&&
KOHALA (KITV4) - Kohala High School's Athletic Director was arrested Thursday for fourth degree theft, criminal tampering, and second-degree criminal tampering.
The individual was released pending investigation and has not been charged.
"We are aware of an alleged employee misconduct incident that took place on our campus", Kohala High School principal Amy Stafford stated in a letter to parents Thursday.
"A Hawaii Department of Education and County Police investigation is underway. We respect the privacy of all our staff and appropriate actions will be taken based on the findings. While we are not able to discuss the details of this confidential personnel matter, we do want to assure you that the safety and well being of our students and staff is a top priority."
This is an ongoing investigation. Please check back to KITV4 for more updates. | https://www.kitv.com/news/local/kohala-high-school-athletic-director-arrested-for-alleged-theft-and-criminal-tampering/article_fba71516-ca73-11ec-a7f7-83adc4b84b58.html | 2022-05-03T02:40:19Z |
...SMALL CRAFT ADVISORY REMAINS IN EFFECT UNTIL 6 AM HST
TUESDAY...
* WHAT...East to northeast winds 20 to 25 kt...up to 30 kt over
the Alenuihaha Channel. Seas 7 to 10 feet.
* WHERE...All Hawaiian Coastal Waters.
* WHEN...Until 6 AM HST Tuesday.
* IMPACTS...Conditions will be hazardous to small craft.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Inexperienced mariners, especially those operating smaller
vessels, should avoid navigating in these conditions.
&&
HANALEI TOWN (KITV4) - Kuhio Highway, the only roadway in and out of Hanalei Town on Kaua'i, has been blocked off twice over the past four years, due to flooding and landslides.
In 2018, Hanalei Valley was isolated for weeks, and the communities of Ha'ena and Wainiha for much longer. Then last year, a landslide barricaded Kuhio Highway for two weeks.
"The responsibility of bringing supplies in and evacuating people tends to fall on the county and the community," said Joel Guy, who was born and raised in Hanalei.
After last year's storm, Guy and dozens of other volunteers transported residents across the river via ferry, then up the unpaved Honu Road using ATVs. Some residents took off of work to help the effort.
To ease that burden, state senators adopted a resolution asking the Dept. of Transportation to launch a study looking into the feasibility of creating an emergency access route and second bridge in the area.
"Having a second (road) in and out of Hanalei would provide that kind of sense of security that we know it's not gonna be all on the burden of the community and the county," Guy said.
Another resident suggested state and county leaders roll out other preventative measures.
"Some of the things that we need to do is look at the vegetation in the area, like cutting back the Hau trees so that the river can flow more easily, and so it doesn't back up in the area," resident Mina Morita said.
Guy explained most residents are "ready and vigilant for these kinds of situations. But at the same time, know that it's not the end of the world, we will be okay, we'll be able to take care of each other."
In accordance with the resolution, DOT has until 20 days before next year's legislative session to submit its findings.
Do you have a story idea? Email news tips to news@kitv.com
'A'ali'i is a reporter with KITV. He was born and raised on the island of Maui and graduated from the University of Southern California with a bachelor's degree in Journalism. | https://www.kitv.com/news/local/legislators-call-on-state-to-look-into-emergency-road-second-bridge-for-hanalei/article_5575544c-ca7c-11ec-85fc-1b345b1a7b69.html | 2022-05-03T02:40:25Z |
...SMALL CRAFT ADVISORY REMAINS IN EFFECT UNTIL 6 AM HST
TUESDAY...
* WHAT...East to northeast winds 20 to 25 kt...up to 30 kt over
the Alenuihaha Channel. Seas 7 to 10 feet.
* WHERE...All Hawaiian Coastal Waters.
* WHEN...Until 6 AM HST Tuesday.
* IMPACTS...Conditions will be hazardous to small craft.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Inexperienced mariners, especially those operating smaller
vessels, should avoid navigating in these conditions.
&&
In a stunning breach of Supreme Court confidentiality, Politico has obtained what it calls a draft of a majority opinion written by Justice Samuel Alito that would strike down Roe v. Wade.
The draft was circulated in early February, according to Politico. The final opinion has not been released and votes can change before opinions are formally released. A Supreme Court spokesperson declined to comment to CNN.
CNN has not independently confirmed the document's authenticity. Politico says it has authenticated the draft.
According to the draft, the court would overturn Roe v. Wade's holding of a federal constitutional right to an abortion. The opinion would be the most consequential abortion decision in decades and transform the landscape of women's reproductive health in America.
In the draft opinion, Alito writes that Roe "must be overruled."
"The Constitution makes no reference to abortion and no such right is implicitly protected by any constitutional provision," Alito wrote. He said that Roe was "egregiously wrong from the start" and that its reasoning was "exceptionally weak, and the decision has had damaging consequences."
He added, "It is time to heed the Constitution and return the issue of abortion to the people's representatives."
"That is what the Constitution and the rule of law demand," he said, according to the draft.
Already nearly half of the states have or will pass laws that ban abortion, while others have enacted strict measures regulating the procedure. | https://www.kitv.com/news/national/supreme-court-draft-opinion-that-would-overturn-roe-v-wade-published-by-politico/article_632dc7f5-7c76-598d-a5c4-d235eb3c2c75.html | 2022-05-03T02:40:31Z |
Bridgewater men’s & women’s lacrosse teams fall in first round of ODAC Tournament
Published: May. 2, 2022 at 9:50 PM EDT|Updated: 1 hour ago
HARRISONBURG, Va. (WHSV) - The Bridgewater College men’s and women’s lacrosse teams both lost in the first round of their respective ODAC Tournaments Monday.
The men’s team dropped a heartbreaker at home to Shenandoah, 13-12, while the women’s squad lost on the road at Randolph-Macon, 21-11.
The BC men’s team finishes the season with a 10-8 overall record while the women’s team finishes with a 6-12 overall mark.
Copyright 2022 WHSV. All rights reserved. | https://www.whsv.com/2022/05/03/bridgewater-mens-womens-lacrosse-teams-fall-first-round-odac-tournament/ | 2022-05-03T02:59:21Z |
Long John Silver’s is finally open in Staunton
STAUNTON, Va. (WHSV) - The wait is over. The Long John Silver’s in Staunton opened its doors at 10 a.m. Monday and had cars lined up down Greenville Ave since 8 a.m.
“It’s pretty crazy out here but obviously everybody loves Long Johns so I’m glad to see it back,” Lance Payne, a Long John Silver’s customer said.
People were waiting hours to get a taste of the famous Long John Silver’s batter once again.
“Literally they could not wait so we’re glad that they’re here,” Trish Wright, area coach for Long John Silver’s said.
The line never ceased from 10 a.m. and the inside became standing room only because of the crowd.
“We’ve been backed up all the way past Burger King and the bowling alley all day long,” Debbie Williams, area coach for Long John Silver’s said.
The Staunton opening was a record-breaker among Long John Silver’s across the country.
“This is probably gonna set Charter Foods records today in one day is gonna set Charter Foods records for opening Long John Silver’s,” Wright said.
Customers said they’re excited to have it back because there is not another restaurant like it around ... let alone any other Long John Silver’s in the Valley.
“People are just ... they’re craving it because they haven’t had it in so long and the closest one has been Lynchburg,” Williams said.
Management is expecting the lines to continue to look as they did Monday for at least a week while everyone gets the fix they’ve been missing.
“It’s crazy inside, outside, no matter what,” Payne said.
Copyright 2022 WHSV. All rights reserved. | https://www.whsv.com/2022/05/03/long-john-silvers-is-finally-open-staunton/ | 2022-05-03T02:59:27Z |
VDOT holds public hearing on future projects
WEYERS CAVE, Va. (WHSV) - On Monday at Blue Ridge Community College, VDOT’s Commonwealth Transportation Board held a public hearing for Valley residents to provide their input on proposed future projects.
The proposed projects are in the six-year improvement plan for the Staunton District for the fiscal years 2023-2028.
The floor was then open for public comment on the six-year plan and any other suggestions people want to make to the board about safer travels. The most talked-about project among the public was Route 55 which runs through Strasburg and Front Royal.
“In the past 57 months we’ve had 75 accidents at the intersection,” one public speaker said.
The safety concern comes as the area is known for rear-end accidents but has also been prone to rollovers and pile-ups as well. Three residents spoke about this project in particular.
“It’s definitely helpful for the CTB to hear from the public and also from local leaders. A lot of times at these public meetings we have a member of the board of supervisors, a county administrator, a town council member, that sort of thing. Sometimes it’s good to hear from folks who have requested this money,” said Ken Slack, VDOT communications specialist.
The proposed projects include a number of repairs and traffic improvement projects across the Valley.
“A couple of good-sized bridge projects that are included in there are Route 624 in Augusta County and Route 707, two of those are bridge projects in Rockingham and Augusta County so it’s a variety of projects that the CTB will be looking at,” said Slack.
Some noteworthy proposed projects in the plan include a $1.3 million extension of University Boulevard in Harrisonburg and a $490,000 sidewalk and street enhancement on Country Club Road in Harrisonburg.
Proposed projects in Rockingham County include over $84,000 for improvements to Rawley Springs Road, $750,000 for a Route 632 turn lane at U.S. 340, and $380,000 to go to the next phase of Bridgewater’s Riverwalk project.
“A lot of these are projects that are brought forward at the local level by the cities, towns, and counties that really would benefit from them the most. We have a variety of projects that are in our enhancement program, things like bike and pedestrian improvements, and greenways,” said Slack.
The board will meet again in June to make a final decision on whether to include the projects in VDOT’s long-term plans. You can find a full list of the proposals here.
VDOT is also nearing completion on repairs to the historic Meems Bottom Covered Bridge in Mount Jackson that has been closed to traffic since it was struck by two vehicles in the fall. VDOT crews have been working with private contractors on the project.
“The groups have made some repairs to the bridge, also we’re doing some refurbishing to the outside of it replacing some of the wooden panels, power washing it, and restaining it. They’re in the final stages of that work so the bridge will be reopening to the public very soon, hopefully within the next few weeks,” said Slack.
Copyright 2022 WHSV. All rights reserved. | https://www.whsv.com/2022/05/03/vdot-holds-public-hearing-future-projects/ | 2022-05-03T02:59:33Z |
BEIJING, May 2, 2022 /PRNewswire/ -- China Online Education Group ("51Talk" or the "Company") (NYSE: COE), an online education platform in China, with core expertise in English education, announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2021 with the Securities and Exchange Commission ("SEC") on May 2, 2022.
The annual report can be accessed on the Company's investor relations website at http://ir.51talk.com/ as well as the SEC's website at http://www.sec.gov. The Company will provide a hard copy of its annual report containing the audited consolidated financial statements for the fiscal year ended December 31, 2021, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to the Company's IR Department at ir@51talk.com.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking" statements which are made pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. 51Talk may also make written or oral forward-looking statements in its periodic reports to the Securities and Exchange Commission ("SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about 51Talk's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in 51Talk's filings with the SEC. All information provided in this press release is as of the date of this press release, and 51Talk does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
About China Online Education Group
China Online Education Group (NYSE: COE) is an online education platform in China, with core expertise in English education. The Company's mission is to make quality education accessible and affordable. The Company's online and mobile education platforms enable students to take live interactive English lessons on demand. The Company connects its students with a large pool of highly qualified teachers that it assembled using a shared economy approach, and employs student and teacher feedback and data analytics to deliver a personalized learning experience to its students.
For more information, please visit http://ir.51talk.com.
View original content:
SOURCE China Online Education Group | https://www.whsv.com/prnewswire/2022/05/03/china-online-education-group-files-annual-report-form-20-f-fiscal-year-2021/ | 2022-05-03T02:59:39Z |
DALLAS, May 2, 2022 /PRNewswire/ -- Highland Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") today announced its regular monthly distribution on its common stock of $0.0770 per share. The distribution will be payable on May 31, 2022 to shareholders of record at the close of business May 24, 2022.
The Fund is a closed-end fund managed by Highland Capital Management Fund Advisors, L.P. (the "Manager"). The Fund will pursue its investment objective by investing primarily in the following categories of securities and instruments: (i) floating-rate loans and other securities deemed to be floating-rate investments; (ii) investments in securities or other instruments directly or indirectly secured by real estate (including real estate investment trusts ("REITs"), preferred equity, securities convertible into equity securities and mezzanine debt); and (iii) other instruments, including but not limited to secured and unsecured fixed-rate loans and corporate bonds, distressed securities, mezzanine securities, structured products (including but not limited to mortgage-backed securities, collateralized loan obligations and asset-backed securities), convertible and preferred securities, equities (public and private), and futures and options. The investment objective of the Fund is to provide a high level of current income, consistent with the preservation of capital in a registered fund format. The Fund declares and pays distributions of investment income monthly.
About the Highland Income Fund
The Highland Income Fund (NYSE: HFRO) is a closed-end fund managed by Highland Capital Management Fund Advisors, L.P. For more information visit www.highlandfunds.com/income-fund/
About Highland Capital Management Fund Advisors, L.P.
Highland Capital Management Fund Advisors, L.P. is an SEC-registered investment adviser. It is the adviser to a suite of registered funds, including open-end mutual funds, closed-end funds, and an exchange-traded fund. For more information visit www.highlandfunds.com.
Investors should consider the investment objectives, risks, charges and expenses of the Highland Income Fund carefully before investing. This and other information can be found in the Fund's prospectus, which may be obtained by calling 1-800-357-9167 or visiting www.highlandfunds.com. Please read the prospectus carefully before you invest.
Effective shortly after close of business on November 3, 2017, Highland Floating Rate Fund converted from an open-end fund to a closed-end fund, and began trading on the NYSE under the symbol HFRO on November 6, 2017. The performance data presented above for periods prior to November 3, 2017 reflects that of Class Z shares of the Fund when it was an open-end fund, HFRZX. The closed-end Fund pursues the same investment objective and strategy as it did before its conversion. The expense ratio is that of Class Z shares of the Fund prior to its conversion.
The distribution may include a return of capital. Please refer to the 19(a)-1 Source of Distribution Notice on the Highland Funds website for Section 19 notices that provide estimated amounts and sources of the fund's distributions, which should not be relied upon for tax reporting purposes.
No assurance can be given that the Fund will achieve its investment objectives.
Shares of closed-end investment companies frequently trade at a discount to net asset value. The price of the Fund's shares is determined by a number of factors, several of which are beyond the control of the Fund. Therefore, the Fund cannot predict whether its shares will trade at, below or above net asset value. Past performance does not guarantee future results.
Closed-End Fund Risk. The Fund is a closed-end investment company designed primarily for long-term investors and not as a trading vehicle. No assurance can be given that a shareholder will be able to sell his or her shares on the NYSE when he or she chooses to do so, and no assurance can be given as to the price at which any such sale may be affected.
Credit Risk. The Fund may invest all or substantially all of its assets in Senior Loans or other securities that are rated below investment grade and unrated Senior Loans deemed by Highland to be of comparable quality. Securities rated below investment grade are commonly referred to as "high yield securities" or "junk securities." They are regarded as predominantly speculative with respect to the issuing company's continuing ability to meet principal and interest payments. Non-payment of scheduled interest and/or principal would result in a reduction of income to the Fund, a reduction in the value of the Senior Loan experiencing non-payment and a potential decrease in the NAV of the Fund. Investments in high yield Senior Loans and other securities may result in greater NAV fluctuation than if the Fund did not make such investments.
Senior Loans Risk. The London Interbank Offered Rate ("LIBOR") is the average offered rate for various maturities of short-term loans between major international banks who are members of the British Bankers Association. LIBOR is the most common benchmark interest rate index used to make adjustments to variable-rate loans. It is used throughout global banking and financial industries to determine interest rates for a variety of financial instruments (such as debt instruments and derivatives) and borrowing arrangements. Due to manipulation allegations in 2012 and reduced activity in the financial markets that it measures, in July 2017, the Financial Conduct Authority (the "FCA"), the United Kingdom financial regulatory body, announced a desire to phase out the use of LIBOR by the end of 2021. Although the period from the FCA announcement until the end of 2021 is generally expected to be enough time for market participants to transition to the use of a different benchmark for new securities and transactions, there remains uncertainty regarding the future utilization of LIBOR and the specific replacement rate or rates. As such, the potential effect of a transition away from LIBOR on the Trust or the financial instruments utilized by the Trust cannot yet be determined. The transition process may involve, among other things, increased volatility or illiquidity in markets for instruments that currently rely on LIBOR. The transition may also result in a change in (i) the value of certain instruments held by the Trust, (ii) the cost of temporary borrowing for the Trust, or (iii) the effectiveness of related Trust transactions such as hedges, as applicable. When LIBOR is discontinued, the LIBOR replacement rate may be lower than market expectations, which could have an adverse impact on the value of preferred and debt-securities with floating or fixed-to-floating rate coupons. Any such effects of the transition away from LIBOR, as well as other unforeseen effects, could result in losses to the Trust. Since the usefulness of LIBOR as a benchmark could deteriorate during the transition period, these effects could occur prior to the end of 2021.
Real Estate Industry Risk: Issuers principally engaged in real estate industry, including real estate investment trusts, may be subject to risks similar to the risks associated with the direct ownership of real estate, including: (i) changes in general economic and market conditions; (ii) changes in the value of real estate properties; (iii) risks related to local economic conditions, overbuilding and increased competition; (iv) increases in property taxes and operating expenses; (v) changes in zoning laws; (vi) casualty and condemnation losses; (vii) variations in rental income, neighborhood values or the appeal of property to tenants; (viii) the availability of financing and (ix) changes in interest rates and leverage.
Illiquidity of Investments Risk. The investments made by the Fund may be illiquid, and consequently the Fund may not be able to sell such investments at prices that reflect the Investment Adviser's assessment of their value or the amount originally paid for such investments by the Fund.
Ongoing Monitoring Risk. On behalf of the several Lenders, the Agent generally will be required to administer and manage the Senior Loans and, with respect to collateralized Senior Loans, to service or monitor the collateral. Financial difficulties of Agents can pose a risk to the Fund.
View original content to download multimedia:
SOURCE Highland Income Fund | https://www.whsv.com/prnewswire/2022/05/03/highland-income-fund-announces-regular-monthly-distribution/ | 2022-05-03T02:59:46Z |
DALLAS, May 2, 2022 /PRNewswire/ -- NexPoint Diversified Real Estate Trust (NYSE: NXDT) ("NXDT" or the "Company") today announced its regular monthly distribution on its common stock of $0.05 per share. The distribution will be payable on May 31, 2022 to shareholders of record at the close of business May 24, 2022.
About the NexPoint Diversified Real Estate Trust (NXDT)
The NexPoint Diversified Real Estate Trust (NYSE: NXDT) is a closed-end fund managed by NexPoint Advisors, L.P. that is in the process of converting to a diversified REIT. On August 28, 2020, shareholders approved the conversion proposal and amended the Company's fundamental investment policies and restrictions to permit the Company to pursue its new business. The Company is realigning its portfolio so that it is no longer an "investment company" under the Investment Company Act of 1940 (the "1940 Act"). On March 31, 2021, the Company filed an application (the "Deregistration Application") with the Securities and Exchange Commission (the "SEC") for an order under the 1940 Act declaring that the Company is no longer an investment company (the "Deregistration Order"). On September 13, 2021, November 5, 2021, and December 2, 2021, the Company filed amendments to the Deregistration Application, which provides additional information regarding the realignment of the Company's portfolio. The Company will continue to be structured as a registered closed-end investment company until it receives the Deregistration Order; however, the Company has repositioned its portfolio sufficient to achieve REIT tax status and has been operating as such since its 2021 taxable year so that it may continue to qualify for taxation as a REIT.
Effective November 8, 2021, NHF changed its name to NexPoint Diversified Real Estate Trust and is traded on the New York Stock Exchange under the ticker NXDT.
For more information visit www.nexpoint.com/nexpoint-strategic-opportunities-fund/.
About NexPoint Advisors, L.P.
NexPoint Advisors, L.P. is an SEC-registered adviser on the NexPoint alternative investment platform. It serves as the adviser to a suite of funds and investment vehicles, including a closed-end fund, interval fund, business development company ("BDC"), and various real estate vehicles. For more information visit www.nexpoint.com.
Risks and Disclosures
Investors should consider the investment objectives, risks, charges and expenses of the NexPoint Diversified Real Estate Trust carefully before investing. This and other information can be found in the Company's prospectus, which may be obtained by calling 1-866-351-4440 or visiting www.nexpoint.com/nexpoint-strategic-opportunities-fund. Please read the prospectus carefully before you invest.
Shares of closed-end investment companies frequently trade at a discount to net asset value. The price of the Company's shares is determined by a number of factors, several of which are beyond the control of the Company. Therefore, the Company cannot predict whether its shares will trade at, below or above net asset value. Past performance does not guarantee future results.
The distribution may include a return of capital. Please refer to the Source of Distribution on the NexPoint Advisors website for Section 19 notices that provide estimated amounts and sources of the Company's distributions, which should not be relied upon for tax reporting purposes.
While NexPoint is committed to the REIT conversion, it is still contingent upon regulatory approval and the ability to reconfigure NXDT's portfolio to attain REIT status and deregister as an investment company. The time required to reconfigure the Company's portfolio could be impacted by, among other things, the COVID-19 pandemic and related market volatility, determinations to preserve capital, the Company's ability to identify and execute on desirable investments, and applicable regulatory, lender and governance requirements. The conversion process could take up to 24 months; and there can be no assurance that conversion of NXDT to REIT status will improve its performance or reduce the discount to NAV. Further, the SEC may determine not to grant the Company's request for the Deregistration Order, which would materially change the Company's plans for its business and investments.
In addition, these actions may adversely affect the Company's financial condition, yield on investment, results of operations, cash flow, per share trading price of its common shares, and ability to satisfy debt service obligations, if any, and to make cash distributions to shareholders. Whether the Company remains a registered investment company or converts to a REIT, its common shares, like an investment in any other public company, are subject to investment risk, including the possible loss of investment. For a discussion of certain other risks relating to the proposed conversion to a REIT, see "Implementation of the Business Change Proposal and Related Risks" in the proxy statement.
No assurance can be given that the Company will achieve its investment objectives.
Please see additional risks and disclosures at www.nexpoint.com/nexpoint/disclosures/closed-end-fund-disclosures/
View original content:
SOURCE NexPoint Diversified Real Estate Trust | https://www.whsv.com/prnewswire/2022/05/03/nexpoint-diversified-real-estate-trust-declares-regular-monthly-distribution/ | 2022-05-03T02:59:52Z |
CHICAGO, May 2, 2022 /PRNewswire/ - Venzee Technologies Inc. (TSXV: VENZ) (OTCQB: VENZF) ("Venzee'' or the "Company"), the artificial intelligence platform for product data, announced today financial results for the fourth quarter and full year ended December 31, 2021.
The audited financial statements and related Management's Discussion and Analysis ("MD&A") can be viewed on SEDAR at www.sedar.com.
The Company will conduct a conference call discussing fourth quarter and full year results on Tuesday, May 3, 2021 at 8:30 A.M. EST (5:30AM PST). Details for this call can be found below.
For the year ended December 31, 2021:
- Revenues for FY2021 were $67,519, up 91% from $35,336 in 2020.
- For the three months ended December 2021, revenues were $28,994, up from $16,230 in Q3 2021 and $8,746 in Q4 2020.
- Net losses of $3,606,109 for FY2021 compared to net losses of $1,762,727 in FY2020 ($0.02 and $0.01 loss per share respectively).
Venzee has seen quarterly revenue growth since 2019 and expects that trend to progress as the Company continues efforts to scale its customer base and enhance its platform.
Throughout fiscal 2021, Venzee made improvements to its technology, expanding its partnership base and Mesh Connectors™, while laying the foundation to meet its revenue growth goals.
- The Company appointed two new members to the Board, including Marc Bertrand – former President and CEO of Mega Brands – and Dr. John Sviokla, a senior partner at Manifold Group, artificial intelligence expert and former Chief Marketing Officer for the US market segment of professional services firm PricewaterhouseCoopers ("PWC").
- Throughout the twelve-months ended December 31, 2021, the Company also received strong support from its shareholder base with it exercising over 22 million warrants and providing more than $1.8 million of additional capital.
- In August 2021, the Company announced a new partnership with a major US-based specialty retailer serving the furniture and homeware market. The partnership helped Venzee further scale its brand and retail client base, giving Venzee access to more than 200 of the retailer's key brand suppliers. The new partnership was established after one of Venzee's brand clients promoted the Company's services to this furniture and homeware retailer.
- In late August 2021, Venzee announced a new partnership with a Product Information Management (PIM) and Digital Asset Management (DAM) provider. The new partner has a customer base of more than 700 brands which Venzee will seek to leverage to further scale its client base, grow revenue, and sell a higher volume of Mesh Connectors™ through exposure to large global brands.
- In September 2021, the Company announced the addition of a new home improvement brand to its client base. Venzee activated two retail connections for the brand to two of the largest North American home improvement retailers. The Company also announced an 87% increase in product data submissions from consumer brands since July 2021. This increase resulted from growing Mesh Connector™ sales and the velocity with which the Company's AI platform sends product data from brands to retailers.
- In October 2021, the Company announced an upfront revenue-based contract with a leading global provider of digital product content solutions. The new client, a leading provider of retail solutions to major retail brands, is trusted globally to accurately convey product information for tens of millions of retail goods across major consumer markets in North America, the European Union, and Asia-Pacific regions. As part of the client's initial onboarding, a set of multinational brands — using a single data model — mapped to and activated several retail Mesh Connectors™, demonstrating Venzee's ability to offer rapid Mesh Connector™ deployment across a broad, global base of brands.
- Also in October 2021, the Company announced a new revenue-generating contract with a California-based children's bag and accessories brand. Initially, the brand purchased a single Mesh Connector™ to a retailer on the Venzee platform. The retailer serves the home goods and apparel sector through some 1,500 store locations in the United States, Canada, Mexico, and Puerto Rico. Following their initial purchase, the brand engaged Venzee sales and contracted for additional retail channels in the home goods retail sector. Under the agreement, the client plans to activate a number of Venzee's Mesh Connectors™ over the next 12 months.
- In November 2021, the Company announced a new contract with a leading manufacturer of kitchen and bath furniture and related products sold through major home improvement retailers across North America. This recognized furniture brand chose Venzee over other providers because its Mesh Connector™ technology and AI platform deliver rapid, reliable results at scaled speeds, with high accuracy and an intelligent verification process that other providers can not offer.
Date: May 3, 2022
Time: 8:30 AM EST (5:30 AM PST)
Conference ID: 99921120
Dial-in Number: (+1) 888-886-7786
Register to view the live audio webcast at: https://app.webinar.net/m8kYZoYDQg6
Venzee (TSXV: VENZ) (OTCQB: VENZF) is the leading artificial intelligence platform for product data used by global brands to speed time to market and create competitive supply chain advantages. Venzee's intelligent platform automates inefficient last-mile retail processes with a frictionless, machine-driven solution for sending and receiving product data.
Venzee believes intelligent supply chain functionality is inevitable and will significantly benefit growers, makers, brands, sellers, regulators, and consumers. Venzee is building the foundation for a future where seamless, accurate, automated data flow simplifies processes, removes friction, and creates value for all those that rely on the myriad of data and information surrounding any product, anywhere.
Venzee unlocks shareholder value by carrying out its mission to create intelligent technology that removes friction from the global supply chain. Its Mesh Connector™ product disrupts and displaces inefficient manual processes in favor of integrated, machine-driven solutions.
To learn more about the Venzee platform, visit venzee.com
Twitter: @usevenzee
LinkedIn: linkedin.com/company/venzee-inc/
Podcast: https://www.rethinkingsupplychain.com/
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the terms of the Offering, the completion of the Offering and the expected use of the net proceeds received by the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; and regulatory risks. Additional information about these assumptions and risks and uncertainties is contained under Note 9 of the 2021 and 2020 financial statements,which can be found under the Company's SEDAR profile at www.sedar.com, and in other filings that the Company has made and may make with applicable securities authorities in the future.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information contained in this news release is expressly qualified in its entirety by this cautionary statement. The Company does not undertake to update any forward-looking information, except as required by applicable securities laws.
Neither TSX-V nor its Regulation Services Provider (as that term is defined in policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
View original content to download multimedia:
SOURCE Venzee Technologies Inc. | https://www.whsv.com/prnewswire/2022/05/03/venzee-technologies-files-fourth-quarter-full-year-2021-financial-results/ | 2022-05-03T02:59:58Z |
Jeff Bailey, right, stepped down after four seasons as Cheyenne South's boys basketball coach Monday. Bailey's South teams posted a 25-62 record. Bailey also coached Cheyenne East to an 81-51 record over five seasons.
CHEYENNE – Jeff Bailey resigned after four seasons as Cheyenne South’s boys basketball coach, athletics director Mark Puev announced in a news release Monday evening.
“I need to step away for family and personal reasons,” Bailey wrote in a text to WyoSports. “It’s been a great ride as the head boys basketball coach at (Cheyenne) East and South, and as an assistant at Rock Springs, Central and Carey Junior High.
“I’m forever grateful for the players I’ve had the privilege of caching. I’m also thankful for all of my many assistant coaches throughout the years, especially coach (Paul) Shanor.”
The Bison were 10-13 under Bailey this past season. They finished one win shy of reaching the Class 4A state tournament for the fourth time since the school opened in 2010.
Bailey’s South teams compiled a 25-62 record. He went 81-51 in five seasons at East, which is his high school alma mater. The Thunderbirds reached the state tourney in four of those years.
Jeremiah Johnke is the WyoSports editor. He can be reached at jjohnke@wyosports.net or 307-633-3137. Follow him on Twitter at @jjohnke. | https://www.wyomingnews.com/wyosports/high_school/cheyenne_south/jeff-bailey-steps-down-as-south-boys-coach/article_bf81ca8e-890c-5d8a-a791-0fd9d00e56af.html | 2022-05-03T03:06:09Z |
ATTOM's new Rental AVM (Automated Valuation Model) delivers automated rental estimates, arming real estate professionals with reliable values to make better decisions
IRVINE, Calif., May 3, 2022 /PRNewswire/ -- ATTOM, a leading curator of real estate data nationwide for land and property data, is pleased to announce it has added yet another new data product to the ever-expanding ATTOM Table of Data Elements – the ATTOM Rental AVM (Automated Valuation Model). This new solution, built from the foundation of the company's nationwide property database, provides rent estimates for over 72 million single-family residences nationwide.
ATTOM's new Rental AVM solution delivers automated rental estimates on a monthly basis, arming real estate professionals with reliable values to help them make better decisions for their business and their clients. The ATTOM Rental AVM leverages the company's nationwide property database and best-in-class geospatial layers to group and localize the value of similar properties within the same neighborhood. ATTOM tests its rental estimates using proven statistical techniques and by comparing to over one million nationwide active rental listings.
"Whether you're a real estate investor looking to evaluate potential profits and returns on investment, understand the viability of a new investment property, operate a real estate platform in need of enhanced content and SEO, or a mortgage professional tasked with the verification process for investment loans, our Rental AVM solution provides an accurate estimate to help analyze and identify trends in specific geographic areas and markets," said Todd Teta, chief product and technology officer at ATTOM. "This new data product further delivers on our core mission to provide real estate stakeholders with information that increases real estate transparency and improves decision making. "
For a free trial or to learn more or about the ATTOM rental AVM to improve your business or investment portfolio, get in touch with an ATTOM representative today.
About ATTOM
ATTOM provides premium property data to power products that improve transparency, innovation, efficiency and disruption in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation's population. A rigorous data management process involving more than 20 steps validates, standardizes, and enhances the real estate data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. The 20TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include bulk file licenses, property data APIs, real estate market trends, property reports and more. Also, introducing our newest innovative solution, that offers immediate access and streamlines data management – ATTOM Cloud.
Media Contact:
Christine Stricker
949.748.8428
christine.stricker@attomdata.com
Data and Report Licensing:
datareports@attomdata.com
View original content to download multimedia:
SOURCE ATTOM | https://www.whsv.com/prnewswire/2022/05/03/attom-unveils-new-data-product-reliable-rental-market-data/ | 2022-05-03T04:30:39Z |
TAIPEI, May 2, 2022 /PRNewswire/ -- Axiomtek - a world-renowned leader relentlessly devoted in the research, development, and manufacture of series of innovative and reliable industrial computer products of high efficiency – is pleased to introduce the AIE900-XNX, its new edge computing system that adopts the NVIDIA® Jetson Xavier™ NX platform which has a powerful 6-core NVIDIA Carmel ARM v8.2 (64-bit) processor and 384-core NVIDIA Volta architecture GPU, delivering up to 21 TOPS accelerated computing performance for running modern AI workloads. The advanced edge AI computing platform supports high-speed networking capability functions such as the 5G module to drive AIoT innovation. The NVIDIA Jetson Xavier NX-based AIE900-XNX is suitable for vision AI applications including computer vision, vision guided robot, autonomous mobile robot (AMR), intelligent roadside unit, workplace safety, obstacle detection, traffic management, etc.
The AIE900-XNX offers the ability to connect to oToBrite's SerDes cameras, thereby providing navigation capabilities for compute-intensive applications such as AMR, obstacle detection, as well as simultaneous localization and mapping (SLAM). To help developers execute Out-of-Band (OOB) management operations remotely for reducing unplanned downtime, the AIE900-XNX supports optional Allxon swiftDR OOB Enabler which brings powerful disaster recovery services onto the fanless edge AI appliance using specialized OOB technology.
"Axiomtek's AIE900-XNX comes with multi-camera interface which can justify the respective selection depending on the application area and usage scenario. It supports four PoE interfaces for GigE cameras and LiDAR connectivity and a MIPI CSI-2 to provide point-to-point image and video transmission. The AIE900-XNX also supports SerDes camera interface for option," said Annie Fu, a product manager of the Product PM Division at Axiomtek. "Moreover, the AIE900-XNX has an extended operating temperature range of -30°C to +60°C and 9 to 36 VDC power input with optional ignition power control, making it an ideal solution for use in sedans, buses, and trucks with the high-temperature operation and varying voltage input requirements."
The AI-enabled AIE900-XNX has one M.2 Key B slot for the 5G module to respond to the emerging need for faster throughput, lower latency, greater reliability, and a higher density of connections. It also has one full-size PCIe Mini Card slot, plus one SIM slot for Wi-Fi/LTE/Bluetooth/GPS. With one M.2 Key M 2280 SSD slot supporting PCIe signal and one Micro SD slot, the compact edge computing device is built for massive data processing and AI applications. The powerful edge AI computer offers multiple I/O options including one lockable HDMI 2.0 port, two USB 3.1 Gen2 ports, one GbE LAN port, four GbE PoE ports, one 8-CH DIO, two DB9 for RS-232/422/485 or CAN ports, one micro-USB port, one recovery switch for image update. It also offers a remote switch, a reset button, a power button, five SMA-type antenna openings for WLAN and WWAN usage, and seven LED indicators for power/storage/Ethernet active status alerts. The AIE900-XNX supports Linux Ubuntu 18.04 and is certified with CE, FCC Class A.
Axiomtek's AIE900-XNX will be available for purchase in June 2022. For more product information or customization services, please visit our global website at www.axiomtek.com or contact one of our sales representatives at info@axiomtek.com.tw.
Advanced Features:
- NVIDIA® Jetson Xavier™ NX with Volta GPU architecture with 384 NVIDIA CUDA® cores
- Advanced edge AI platform for AMR, AGV, and computer vision
- Wide power input ranges from 9 to 36 VDC (ignition power control for option)
- Supports four GbE PoE for GigE camera and LiDAR connectivity
- Wide operating temperature from -30°C to +60°C
- One M.2 Key B slot for 5G
- One 8-CH DI/DO and two DB9 for RS-232/422/485/CAN ports
About Axiomtek Co., Ltd
Axiomtek has experienced extraordinary growth in the past 30 years because of our people, our years of learning which resulted in our tremendous industry experience, and our desire to deliver well-rounded, easy-to-integrate solutions to our customers. These factors have influenced us to invest in a growing team of engineers including software, hardware, firmware, and application engineers. For the next few decades, our success will be determined by our ability to lead with unique technologies for AIoT and serve our key markets with innovatively-designed solution packages of hardware and software – coupled with unmatched engineering and value-added services that will help lessen the challenges faced by our systems integrator, OEM and ODM customers and prospects alike. We will continue to enlist more technology partners and increase collaborations with our growing ecosystem who are leaders in their fields. With such alliances, we will create synergy and better deliver solutions, value, and the expertise our customers need.
View original content to download multimedia:
SOURCE Axiomtek | https://www.whsv.com/prnewswire/2022/05/03/axiomtek-unveils-aie900-xnx-fanless-ai-powered-box-pc-using-nvidia-jetson-edge-ai-platform-5g-aiot-applications/ | 2022-05-03T04:30:45Z |
New industry offering provides distributors with the backend technology needed to
seamlessly drive scale
Comcast is the first TV distributor to use the solution to support its
addressable advertising initiatives
DENVER, May 3, 2022 /PRNewswire/ -- Comcast Technology Solutions, a division of Comcast Cable that provides media and entertainment technology to content providers, operators and advertisers, today announced the launch of its national linear addressable advertising solution for customers and technology partners.
Addressable advertising, which enables households watching the same national TV shows to see different ads that are more relevant and targeted to them, poses challenges for creative management and control. Linear Rights Metadata Management (LRM), a part of the CTSuite, leverages SCTE 224 to provide integrated workflows that enable intelligent ad decisioning for tailored household-level TV advertising.
Used effectively, SCTE 224 is a standard notification interface that can present richer linear metadata in a consistent way to trigger linear addressable ads — alleviating the complexity and inconsistency from manual data entry, from multiple sources, in multiple formats. LRM provides the signaling and advanced metadata communication required for intelligent addressability in ad breaks.
Specifically, LRM ingests and aggregates the metadata of advertising assets, normalizes it into SCTE 224 format, and stores it in the cloud. SCTE 224 data is then distributed to multiple endpoints, ad decision managers, and software adapters. In addition to ad selection, LRM helps implement and enforce advertising rules and restrictions, such as:
- Unique ad requirements per MVPD, vMVPD, or content aggregator;
- Showing a specific number of ads or limiting the number of spots over a certain duration for a specific product group; and,
- Specifying the minimum spacing between ads belonging to a specific product group.
For example, a national beverage ad from one brand can be shown to different household audience segments based on interest. Rules can specify that only four beverage ads can be played over the course of a specific program, or that a beverage ad can only be played in one in every four ad pods.
Through Comcast Advertising, Comcast is the first national TV distributor to implement LRM for this purpose.
"This new industry solution is helping to further drive innovation and scale in addressable advertising by reducing much of the friction that currently exists," said Bart Spriester, Vice President and General Manager of the Content and Streaming Providers Suite for Comcast Technology Solutions. "We are removing many of the manual processes and variations around metadata that have historically hampered the progress of implementing linear addressable ads. We're confident that LRM can help play a central role in accelerating addressable TV."'
"At Comcast Advertising, we're fully committed to accelerating the growth of addressable TV and making it easier for advertisers to incorporate it into their campaigns," said Larry Allen, Vice President and General Manager, Data and Addressable Enablement, Comcast Advertising, the advertising division of Comcast Cable. "LRM, along with Comcast Technology Solutions' expertise in implementing SCTE 224, will provide operators, programmers, and advertisers with the backend technology needed to seamlessly drive scale and simplify the advertising workflow."
"Delivering TV ads that are more relevant for viewers, at higher premiums, is a common goal shared across the industry," said Marija Masalskis, senior principal analyst for TV, Video and Advertising at Omdia. "For years, wide-scale addressable TV has been more of an elusive idea than a viable reality. However, recent progress in linear metadata management, back-end automation, and industry-wide collaboration should all serve to accelerate the deployment of addressable TV at scale."
Beyond LRM, Comcast Technology Solutions offers the Advertising Suite, which is being used by programmers to support upcoming addressable advertising deployments. The Advertising Suite provides centralized management of creative ad inventory and streamline workflows automatically. It delivers a comprehensive solution for addressable ad management, personalization, ad intelligence and scalability, giving customers the visibility and control needed to optimize ROI on addressable TV campaigns.
To learn more about Comcast Technology Solutions' addressable advertising offerings, visit www.comcasttechnologysolutions.com/comcast-technology-solutions-enables-addressable-advertising-scale.
About Comcast Technology Solutions
Comcast Technology Solutions offers a portfolio of technology solutions, the CTSuite, that provides the industry with the technology, scale and expertise to expand and navigate the rapidly changing media and entertainment technology landscape. We invent technology that solves industry challenges, reimagines what is possible, and transforms businesses for an ever-changing world. Built on Comcast's know-how, proven facilities, scalable platforms, and infrastructure, Comcast Technology Solutions offers more than 20 years of reliable, real-world broadcast and digital experience. We partner with customers to redefine expectations and deliver the future to global audiences. For more information, visit www.comcasttechnologysolutions.com.
View original content to download multimedia:
SOURCE Comcast Technology Solutions | https://www.whsv.com/prnewswire/2022/05/03/comcast-technology-solutions-releases-solution-further-simplify-dynamic-linear-addressable-ad-insertion/ | 2022-05-03T04:30:52Z |
25th Anniversary Edition Published by Pangaeus Press is Available This Month
DALLAS, May 3, 2022 /PRNewswire/ -- Twenty-five years ago, Kevin Orlin Johnson's best-selling Why Do Catholics Do That? answered its title question with information about practically everything that people wonder about, from the nature of Purgatory to why Nativity scenes look that way.
The first edition out-sold books by Pope St. John Paul II, and readers sent in a constant stream of questions. "It was time for an expanded edition," Johnson says. "Especially in these hard times, we need to remember what the Church is for, what she can contribute to our lives. And we need answers."
Post-scripts added to each chapter answer many perennial questions to broaden understanding of the Catholic Church in all of her complexity and spirit, her influence on cultural norms and her place in America today. "Most books about the Church focus on feelings," Johnson says. "But it's information ― good, clear information ― that's really empowering. Faith depends on knowledge, and knowledge enables you to make better decisions in life."
The book promises cultural enrichment, too, in its answers to questions about Catholic art, architecture, literature, music, devotional practices and all. "Understanding the meaning and purpose of the Church's intellectual contributions," Johnson says, "lets you connect your life to a meaningful past and get things organized for a positive future." Even apart from matters of doctrine, he says, that's how the Church offers stability and clarity in a world that's increasingly unstable and perplexing.
Johnson also points out lay Catholics' responsibility for correcting abuses. "We are the Church," he says: "the clergy work for us. You don't leave your Church because of some bad priests. You don't abandon Jesus because Judas did. You fix it."
Pope St. John Paul II simplified the Code of Canon Law specifically to help Americans sue wayward clergymen in the Church's courts, Johnson says. "It's like a business letter. Look to Canons 1501 through 1506 for guidance and send your letter to the Congregation for Divine Worship for liturgical irregularities, the Congregation for the Clergy for personal misconduct by priests and the Congregation for Bishops for failure to address these offenses. They're all at the Palazzo delle Congregazioni, Piazza Pio XII 10, 00120 Città del Vaticano."
Why Do Catholics Do That? is available at bookstores nationwide and by direct order at whydocatholicsdothat.org.
View original content:
SOURCE Pangaeus Companies | https://www.whsv.com/prnewswire/2022/05/03/new-edition-catholic-classic-why-do-catholics-do-that-addresses-persistent-questions-about-church/ | 2022-05-03T04:30:58Z |
WASHINGTON, May 2, 2022 /PRNewswire/ -- Following is a statement by Jen Judson, President of the National Press Club and Gil Klein, President of the National Press Club Journalism Institute on the news of a scheduled meeting this afternoon between the President of the United States and Debra and Marc Tice, the parents of award-winning journalist Austin Tice.
"We are so pleased that the President has decided to meet today with the Tice family in person at the White House. It was impressive to see President Biden react so positively to Mrs. Tice at the WHCA Dinner on Saturday night and heartwarming that the White House moved so quickly to establish a meeting today. This is a crucial step that is needed to bring Austin Tice home.
"The U.S. government has struggled through three administrations on how to proceed in this case but to see President Biden now fully engaged shows that something has changed and there is an opportunity at hand as never before.
"There are so many people and organizations that have done good work to bring this case to this point, but we especially want to note Fred Ryan, publisher of the Washington Post who starting last fall had the vision and leadership for an advertising campaign that saw dozens of full page ads produced that asked the President to meet with the Tices and prioritize Austin's case. Fred also invited Debra Tice to attend the White House Correspondents Dinner as his guest. Also special thanks to Steven Portnoy, this year's President of the White House Correspondents Association, for deciding to introduce Debra Tice to the room and to the President from the podium. His introduction could not have set a better frame for the President to say, in the most public of ways, he wanted to meet with the Tices.
"Debra and Marc Tice have shown over the years an incredible love for their son and commitment to his cause and his case They are an inspiration to us all."
Austin Tice is a 2015 John Aubuchon Press Freedom honoree at the National Press Club. He is an honorary member of the National Press Club. The Club annually recognizes Austin on the anniversary of his abduction with an event that has become the central event on that day. In the Club's lobby on the 13th floor of the National Press Building we have installed a Press Freedom Clock with a dynamic countdown of the seconds, minutes and days Austin Tice has been held hostage. The Club and the Journalism Institute have staged national calls to action such as Night Out For Austin Tice and a campaign to visit every congressional office on Austin's behalf as well as a Change.org petition with over 150,000 signatures.
Founded in 1908, the National Press Club is the world's leading professional organization for journalists. The Club has 3,000 members representing nearly every major journalism organization and is an outspoken voice for press freedom in the United States and around the world.
The National Press Club Journalism Institute promotes an engaged global citizenry through an independent and free press and equips journalists with skills and standards to inform the public in ways that inspire civic engagement.
Contact: Bill McCarren, 202-662-7534 for the National Press Club
View original content to download multimedia:
SOURCE National Press Club | https://www.whsv.com/prnewswire/2022/05/03/news-leaders-statement-president-biden-meeting-with-family-austin-tice/ | 2022-05-03T04:31:04Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Akebia Therapeutics, Inc. ("Akebia" or the "Company") (NASDAQ: AKBA) and certain of its officers. The class action, filed in the United States District Court for the Eastern District of New York, and docketed under 22-cv-01411, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Akebia securities between June 28, 2018 and September 2, 2020, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
If you are a shareholder who purchased or otherwise acquired Akebia securities during the Class Period, you have until May 13, 2022 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
Akebia is a biopharmaceutical company that focuses on the development and commercialization of renal therapeutics for patients with kidney diseases. The Company's lead investigational product candidate is vadadustat, an oral therapy, which is in Phase 3 development for the treatment of anemia due to chronic kidney disease ("CKD") in dialysis-dependent and non-dialysis dependent ("NDD") adult patients.
Akebia's Phase 3 clinical programs for vadadustat include, among others, the PRO2TECT program in NDD-CKD patients with anemia (the "PRO2TECT Program"). The PRO2TECT Program's primary safety endpoint was defined as non-inferiority of vadadustat versus darbepoetin alfa in time to first occurrence of major adverse cardiovascular events ("MACE").
The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) vadadustat was not as safe in treating NDD-CKD patients with anemia as Defendants had represented; (ii) as a result, Defendants overstated the PRO2TECT Program's clinical prospects; (iii) accordingly, Defendants also overstated vadadustat's overall commercial and regulatory prospects; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
On September 3, 2020, Akebia issued a press release announcing "top-line results" from the PRO2TECT Program, disclosing that "[v]adadustat did not meet the primary safety endpoint of the PRO2TECT program, defined as non-inferiority of vadadustat versus darbepoetin alfa in time to first occurrence of [MACE.]"
On this news, Akebia's common stock price fell $7.35 per share, or 73.5%, to close at $2.65 per share on September 3, 2020.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-their-investment-akebia-therapeutics-inc-class-action-lawsuit-upcoming-deadline-akba/ | 2022-05-03T04:31:11Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Grab Holdings Limited ("Grab" or the "Company") (NASDAQ: GRAB; GRABW) and certain of its officers. The class action, filed in the United States District Court for the Southern District of New York, and docketed under 22-cv-03277, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Grab securities between August 2, 2021 and March 3, 2022, inclusive (the "Class Period"). Plaintiff pursues claims against the Defendants under the Securities Exchange Act of 1934 (the "Exchange Act").
If you are a shareholder who purchased or otherwise acquired Grab securities during the Class Period, you have until May 16, 2022 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
Grab offers a superapp that operates primarily across the deliveries, mobility, and digital financial services sectors in Southeast Asia.
On December 1, 2021, Grab became a public entity via a business combination with Altimeter Growth Corp., a special purpose acquisition company.
Between late 2019 and early 2020, a novel strain of the coronavirus disease, commonly referred to as COVID-19, became an ongoing global pandemic, with the outbreak first identified in Wuhan, China, in December 2019. The virus quickly spread to other countries, including the U.S., prompting state, federal, and private parties to enact various health and safety measures to halt the spread of the disease, which has since claimed millions of lives.
The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Grab had overstated its post-business combination business and financial prospects; (2) that, notwithstanding the ongoing COVID-19 pandemic, Grab's financial projections failed to take into account the pandemic's broad consequences, which included increased driver supply demand; (3) that Grab's driver supply declined during the third quarter; (4) that, as a result, Grab continued to invest heavily in driver and consumer incentives to "preemptively recalibrate driver supply"; (5) that, as a result, the Company's financial results would be adversely impacted, including, among other things, a significant decline in revenue; and (6) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On March 3, 2022, at 7:01 a.m. Eastern, over two years into the ongoing COVID-19 pandemic, Grab disclosed that its fourth quarter revenues had declined 44% from the previous quarter and reported a $1.1 billion loss for the quarter. Grab's Chief Financial Officer attributed the poor financial results to "invest[ing] heavily" in driver incentives and stated that it would take one or two quarters "to get that equilibrium between drivers and riders, between supply and demand."
On this news, the Company's stock price fell $1.95, or 37.3%, to close at $3.28 per share on March 3, 2022, on unusually heavy trading volume.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-their-investment-grab-holdings-limited-class-action-lawsuit-upcoming-deadline-grab-grabw/ | 2022-05-03T04:31:17Z |
SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Homology Medicines, Inc., of Class Action Lawsuit and Upcoming Deadline - FIXX
Published: May. 3, 2022 at 12:15 AM EDT|Updated: 15 minutes ago
NEW YORK, May 3, 2022/PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Homology Medicines, Inc. ("Homology" or the "Company") (NASDAQ: FIXX) and certain of its officers. The class action, filed in the United States District Court for the Central District of California, and docketed under 22-cv-01968, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Homology securities between June 10, 2019 and February 18, 2022, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
If you are a shareholder who purchased or otherwise acquired Homology securities during the Class Period, you have until May 24, 2022 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
Homology, a genetic medicines company, focuses on transforming the lives of patients suffering from rare genetic diseases. The Company's lead product candidate is HMI-102, which is in Phase I/II pheNIX clinical trial, a gene therapy for the treatment of phenylketonuria (PKU) in adults (the "HMI-102 Trial").
On June 10, 2019, Homology issued a press release announcing that it had commenced enrollment of the HMI-102 Trial.
The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company had overstated HMI-102's efficacy and risk mitigation; (ii) accordingly, it was unlikely that the Company would be able to commercialize HMI-102 in its present form; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.
On July 21, 2020, Mariner Research ("Mariner") published a report questioning statements by Homology and its officers about the efficacy of HMI-102, the Company's lead product candidate for treatment of phenylketonuria. Mariner focused on Homology's HMI-102 dose escalation pheNIX trial, concluding that the Company concealed data showing HMI-102's lack of efficacy and indicating that the program was unlikely to proceed to commercialization. Among other evidence, Mariner cited an email from Homology's Chief Communications Officer appearing to indicate the Company's awareness that a HMI-102 high dose patient had adverted to the adverse efficacy issue in a social media post during April 2020.
On this news, Homology's stock price fell $1.71 per share, or 10.38%, over the following three trading days, closing at $14.77 per share on July 24, 2020.
Then, on February 18, 2022, Homology issued a press release disclosing that "the U.S. Food and Drug Administration has notified the company that its pheNIX gene therapy trial of HMI-102 in adults with phenylketonuria has been placed on clinical hold due to the need to modify risk mitigation measures in the study in response to observations of elevated liver function tests" and that "[t]he Company expects to receive an official clinical hold letter within 30 days."
On this news, Homology's stock price fell $1.26 per share, or 32.64%, to close at $2.60 per share on February 22, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-their-investment-homology-medicines-inc-class-action-lawsuit-upcoming-deadline-fixx/ | 2022-05-03T04:31:23Z |
NEW YORK, May 2, 2022 /PRNewswire/ --
If you own shares in any of the companies listed above and
would like to discuss our investigations or have any questions concerning
this notice or your rights or interests, please contact:
Joshua Rubin, Esq.
Weiss Law
305 Broadway, 7th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
TEGNA Inc. (NYSE: TGNA)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of TEGNA Inc. (NYSE: TGNA), in connection with the proposed acquisition of TGNA by an affiliate of Standard General L.P. ("Standard General"). Under the terms of the merger agreement, TGNA shareholders will receive $24.00 in cash for each share of TGNA common stock that they hold. Additionally, TGNA shareholders will receive additional cash consideration in the form of a "ticking fee," the amount varying depending on the date of the closing of the transaction. If you own TGNA shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/tgna
Meritor, Inc. (NYSE: MTOR)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Meritor, Inc. (NYSE: MTOR), in connection with the proposed acquisition of MTOR by Cummins Inc. Under the terms of the merger agreement, MTOR shareholders will receive $36.50 in cash for each share of MTOR common stock that they hold. If you own MTOR shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/mtor
Tenneco Inc. (NYSE: TEN)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Tenneco Inc. (NYSE: TEN), in connection with the proposed acquisition of TEN by funds managed by affiliates of Apollo. Under the terms of the acquisition agreement, TEN shareholders will receive $20.00 in cash for each share of TEN common stock that they hold. If you own TEN shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/ten
CDK Global, Inc. (NASDAQ: CDK)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of CDK Global, Inc. (NASDAQ: CDK), in connection with the proposed acquisition of CDK by Brookfield Business Partners L.P. via a tender offer. Under the terms of the merger agreement, CDK shareholders will receive $54.87 in cash for each share of CDK common stock owned. If you own CDK shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/cdk
View original content to download multimedia:
SOURCE Weiss Law | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-weiss-law-reminds-tgna-mtor-ten-cdk-shareholders-about-its-ongoing-investigations/ | 2022-05-03T04:31:29Z |
WASHINGTON, May 3, 2022 /PRNewswire/ -- Choon Choi has joined U.S. News & World Report as Sr. Vice President and General Manager of Autos, U.S. News announced today. The Autos platform comprises industry leading rankings and reviews, cars for sale, and best-in-class awards such as Best Cars for the Money and Best Vehicle Brands.
"Choon brings a wealth of knowledge and experience in the automotive industry, with a proven track record of achieving clear, measurable results quickly and maximizing the growth potential of a range of businesses," said Bill Holiber, U.S. News president and CEO. "We look forward to leveraging his skills and expertise as we support consumers in every aspect of their car-buying journey."
Choi joins U.S. News with a track record of success building high performing teams to scale growth, and forging connections between digital audiences and marketers. His most recent roles include chief strategy officer of online marketplace iSeeCars.com and chief operating officer of Hearst Autos – with brands such as Car and Driver and Road & Track. Drawing from over 15 years of experience leading and expanding direct-to-consumer and B2B businesses in the digital media space, Choi has also held leadership positions at Jumpstart Automotive Media and Hachette Filipacchi Media.
"We're pleased to welcome Choon to U.S. News where he will be a major asset leading the Autos team," said Chief Product Officer Chad Smolinski. "Choon's hiring underscores our commitment to provide our users with the innovative digital tools they need to make informed decisions about their car-purchasing decisions."
"U.S. News is one of the most well-respected brands in the media landscape with a track record of helping consumers make important decisions in their lives," said Choi. "I'm thrilled to join the team to help guide the consumer journey for in-market car shoppers and enthusiasts as we enter a phase of high growth."
For over 15 years, the industry-leading U.S. News Best Cars rankings have guided consumers looking for the best vehicle. U.S. News has expanded on its advice and analysis over the last decade with data-driven rankings, ratings and news for Vehicle Brands, Families and Teens. U.S. News also offers high-level performance assessment and peer benchmarking tools for vehicles, and presents the Best Cars for the Money awards at the annual Washington, D.C. Auto Show each winter.
For more information regarding U.S. News' Auto offerings, please visit cars.usnews.com/cars-trucks.
About U.S. News Best Cars
Since 2007, U.S. News Best Cars, the automotive channel of U.S. News & World Report, has published rankings of the majority of new vehicles sold in America. Each year, U.S. News also publishes the Best Cars awards, including Best Vehicle Brands, Best Cars for the Money and Best Cars for Families. U.S. News Best Cars supports car shoppers throughout the entire car buying journey, offering advice for researching cars and finding cars for sale near you. U.S. News Best Cars had more than 81 million visitors over the past year, with the majority actively shopping for a car. More than 70% of active shoppers reported that U.S. News influenced their car-purchasing decision, saying that they trust U.S. News' advice to be unbiased and that they would recommend its site to others.
About U.S. News & World Report
U.S. News & World Report is the global leader in quality rankings that empower consumers, business leaders and policy officials to make better, more informed decisions about important issues affecting their lives. A multifaceted digital media company with Education, Health, Money, Travel, Cars, News and 360 Reviews platforms, U.S. News provides rankings, independent reporting, data journalism, consumer advice and U.S. News Live events. More than 40 million people visit USNews.com each month for research and guidance. Founded in 1933, U.S. News is headquartered in Washington, D.C.
View original content to download multimedia:
SOURCE U.S. News & World Report, L.P. | https://www.whsv.com/prnewswire/2022/05/03/us-news-names-choon-choi-sr-vice-president-general-manager-autos/ | 2022-05-03T04:31:36Z |
HONG KONG, May 2, 2022 /PRNewswire/ -- Global online retailer YesAsia teams up with Geek+, a leading Autonomous Mobile Robots (AMRs) specialist, to build YesAsia's first smart warehouse at Goodman Interlink, a best-in-class warehouse development and one of the world's tallest warehouse facilities located in Tsing Yi, Hong Kong. This will be the largest number of AMRs deployed in any single Hong Kong E-commerce warehouse.
Logistics and supply chain management has proven to be the biggest challenge for E-commerce businesses since the COVID outbreak. As the forward-thinking owner and operator of retail websites YesAsia.com and YesStyle.com, YesAsia employs an ambitious strategy, using digitalization and automation for its business operations, especially its warehouses. This approach brings together three like-minded companies – global industrial property expert, Goodman Group, Geek+ and YesAsia – to pave the way for a future using smart logistics and automation.
The brand-new YesAsia smart fulfillment center will be located at Goodman Interlink in Tsing Yi, Hong Kong, and equipped with 145 innovative AMRs from Geek+. This is the first partnership between the three parties, and is the largest single warehouse deployment of AMRs in Hong Kong's E-commerce industry. Goodman Interlink is awarded a Gold Standard Certificate from HK BEAM and a Silver Certificate from LEED. With its floor plate, Goodman Interlink provides spacious and high-quality spaces that are suitable for the newest advancements in automation and robotics.
Joshua Lau, CEO of YesAsia, said, "YesAsia understands the importance of staying ahead of the game in the face of 'new norms.' This is why we are investing in and introducing 145 Geek+ AMR robots into our Hong Kong warehouse with our like-minded partners, Goodman Group and Geek+. This move reflects our commitment to reforming our supply chain in order to provide the best possible logistics services to our valuable customers."
YesAsia's smart warehouse is a revolutionary step that will impact the company's operations and supply chain. The change is expected to be fully integrated by July 2022 in order to commence service for YesAsia's global customer base in the second half of the year. To enable this smart fulfillment center, Goodman Group provides well-located warehouses that are designed to accommodate the latest robotics and technology, not only to ensure a more efficient supply chain, but also faster and more flexible delivery of goods. The smart warehouse is conveniently located in the logistics hotspot of Hong Kong which is adjacent to Container Terminal 9, Stonecutters Bridge, with easy access to Hong Kong International Airport.
The YesAsia smart fulfillment center will implement Geek+'s goods-to-persons solutions. After receiving orders, the AMRs will automatically pass the goods to warehouse operators for an overall fulfillment process that is more accurate and highly efficient. The center is expected to handle over one million orders within its first year of operation for both YesAsia.com and YesStyle.com customers around the world.
"Our commitment is to transform global logistics with smart technologies," said Lit Fung, VP and Managing Director of Overseas Business at Geek+. "We are excited to work with industry innovation pioneer YesAsia and empower them to meet the growing demand of their E-commerce customers. Geek+ will continue to partner with Goodman in providing a one-stop solution for quality, sustainable properties equipped with the latest smart warehousing solutions to strengthen customers' supply chains."
About Geek+
Geek+ is a global technology company leading the intelligent logistics revolution. We apply advanced robotics and AI technologies to realize flexible, reliable, and highly efficient solutions for warehouses and supply chain management. Geek+ is trusted by over 500 global industry leaders and has been recognized as the world leader in autonomous mobile robots. Founded in 2015, Geek+ has over 1500 employees, with offices in Germany, the United Kingdom, the United States, Japan, South Korea, Mainland China, Hong Kong SAR, and Singapore.
For more information, please visit: https://www.geekplus.com/
About YesAsia
Established in 1997, YesAsia is an online retailer headquartered in Hong Kong that engages in the procurement and sale of Asian fashion & lifestyle, beauty and entertainment products to customers around the world. YesAsia has developed proven E-commerce platforms operated by a team that has, since 1998, accumulated over 20 years of experience in operating E-commerce businesses, as well as cultivated regional and global online markets for Asian products.
For more information, please visit: www.yesasiaholdings.com
View original content:
SOURCE Geek+ | https://www.whsv.com/prnewswire/2022/05/03/yesasia-partners-with-geek-its-first-smart-warehouse-goodman-interlink-hong-kong/ | 2022-05-03T04:31:42Z |
Senior Day magic for Oregon Tech netted the squad its first outright Cascade Conference softball title since 2015, as the Lady Owls swept a doubleheader from Bushnell University on Saturday at Stilwell Stadium.
The 8-0 and 11-5 wins for OIT (43-10, 25-5 CCC), coupled with Eastern Oregon’s 6-2 loss at Carroll, handed the Owls the CCC crown – earning hosting rights for next week’s CCC Championships and punching Tech’s ticket to the NAIA National Championships.
Senior Sarah Abramson was dominant in the opener, surpassing the 200-strikeout mark for the third time in her career, picking up her 24th win, while OIT took advantage of 11 walks and four hit-by-pitches in the non-conference finale.
Tech took a 3-0 lead after two innings in Game 1, cashing in on a trio of errors by the Beacons (15-33, 11-19). The lead grew to 7-0 in the third, thanks to a Mckenzie Staub RBI single, a sacrifice fly from Lexi Klum and a two-run double from senior Aubrie Businger. Jayce Seavert added an RBI single in the fourth to put the game away.
OIT capitalized on the wildness of the Beacons pitching staff in the nightcap – plating 11 runs, despite recording just five hits.
Senior Kennedy Jantzi opened the scoring in the first with a three-run homer, her 11th of the year.
BU took advantage of two OIT errors in the third to cut the margin to 3-2.
The hosts extended the lead to 10-2 in the fourth, as Businger delivered a two-run single, two runs scored on bases-loaded walks and two more on a Beacons error.
BU kept the game going with a three-run fifth, as Annibel Mendez golfed a two-run homer over the center-field wall and added another run on an Owls error.
Kacie Schmidt came in and slammed the door for OIT, retiring all six batters in relief of Staub, who earned her 16th win. Maggie Buckholz capped the scoring with her fourth home run of the season, an opposite-field drive in the sixth.
It marked the final home regular-season games for Abramson, Jantzi, Businger and McKenna Armantrout. Abramson drew a bases-loaded walk in her first at bat of 2022, while Armantrout walked four times in Game 2. With the NAIA bid secured, Abramson and Armantrout will play in their fourth straight national tournament, while Businger and Jantzi helped the Owls to the national title game in 2021.
The CCC Championships will run Friday through Sunday.
Baseball
British Columbia 7-9, Oregon Tech 4-6: A record-setting season for OIT came to a close, as British Columbia eliminated the visiting Owls from postseason contention with a doubleheader sweep Saturday.
The Thunderbirds (26-22, 14-9 Cascade Collegiate Conference) rallied for 7-4 and 9-6 victories to complete the four-game sweep.
Despite the losses, Dalton Daily and Dylan Grogan set single-season records for the Owls (30-25, 9-15) – who finished the season with their most wins since 2009. Daily hit a third-inning homer in Game 2, with his season total of 16 setting an OIT mark, and Grogan recorded four strikeouts in a Game 2 no-decision, pushing his total to 78 – the most ever by a Tech pitcher.
Track and field
Oregon State High Performance Meet: OIT’s Nick McMillen closed out the regular season by recording his second NAIA qualifying mark of the year.
McMillen, who had already hit an NAIA “A” standard in the 10,000 meters, added a provisional mark with his time of 14:49.31 in a deep 5,000-meter field.
Teammate Jonas Hartline narrowly missed the “B” standard, but his time of 14:55.06 was well under the Cascade Conference qualifying mark.
In the pole vault, Chris Martinez had a banner day, recording a season-best clearance of 15 feet, 0.25 inches, the No. 4 mark in the CCC this season.
On the track, Mark Hodge clocked a time of 11.50 seconds in the 100.
Three Lady Owls surpassed the NAIA “A” standard in the javelin – as Alex Conley led the OIT contingent with a mark of 139 feet, 9 inches. Her teammates – Aarika Brooks and Brittan Bratscher – added their name to the national list – as Brooks converted her “B” mark to an auto qualifier with a throw of 135-6, with Bratscher launching a season-best throw of 134-4. Amber Miller also competed in the event, recording a mark 121-10.
“Tech athletes performed very well over the two day competition,” OIT assistant coach Bill Rinehard said. “They are really setting themselves up for an outstanding conference meet.”
In the hammer throw, Katie Mull narrowly missed the OIT school record, logging a personal-best of 141-3.
On the track, Lily Lavine clocked a season-best time of 26.33 seconds in the 200, while also running a quality time in the 400 (59.07). Ally Odell competed in the 100 hurdles (15.82), with Eva Brady racing in the 400 (1:01.57).
Both Odell and Bratscher competed in the high jump, each clearing 4-9.5.
OIT heads to Ashland for the Cascade Conference Championships, May 13-14. | https://www.heraldandnews.com/klamath/oit-roundup-owls-claim-first-outright-softball-title-since-2015/article_75a2d539-9e67-52f6-a903-069455478e4b.html | 2022-05-03T05:06:40Z |
Braden Davis went 2 for 4 with two doubles and three RBIs and pitched a four-hitter as Mazama High completed a sweep of a baseball doubleheader with visiting Phoenix on Saturday afternoon, 4-2 and 10-2, keeping the Vikings in a three-way tie atop the Skyline Conference race with Hidden Valley and Henley.
Mazama (11-8 overall, 7-2 Skyline) scored six runs in the bottom of the sixth inning of the nightcap to pull away.
Davis didn’t allow an earned run and struck out seven, though he did walk five batters.
Drew Raebel went 2 for 4 with a double and Skyler Doss added a double and two RBIs.
In the opener, the Vikings’ Kadin Bolanos went 3 for 3 with a double and two RBIs and also scored twice.
Marcos Ulloa-Ford allowed three hits and two runs — one earned — in four innings with nine strikeouts and Doss fanned six in three scoreless innings of two-hit relief.
Henley 15-17, North Valley 3-6: Hunter Schwenk went 5 for 5 with a double, triple and four RBIs to lead the visiting Hornets to the victory in the opener.
Dylan Tobias went 4 for 5 with a double, triple and four RBIs and also scored three times for Henley (15-5, 7-2), which remained in a three-way tie atop the conference. Aiden Hayes also went 4 for 5 and had three runs and three RBIs and Leo Ahalt had three hits, with one of those a double.
Henley took a 6-3 lead through two innings and added six runs in the seventh to pull away.
In the second game, leadoff hitter Blayne Boersma went 4 for 5 with a triple and two RBIs and scored three times. Ahalt had a pair of doubles and drove in three runs for the Hornets, who scored nine runs in the first inning. Hayes, Tobias, Matt Douglas and Tyler Harper each had three hits.
Hidden Valley 20-12, Klamath Union 2-0: The host Mustangs (17-2, 7-2), the top-ranked team in the state in Class 4A, swept the doubleheader.
Uli Hernandez had a hit in each game for the Pelicans (3-15, 1-8).
Bonanza 12, Lost River 9: The host Antlers (9-5, 7-0) held off the Raiders (4-11, 2-6) to remain undefeated in 2A-1A Special District 6 play.
Softball
Henley 30-19, North Valley 1-7: Lily Fitzpatrick went 4 for 4 with two doubles, a home run, five RBIs and scored five runs as the visiting Hornets (9-10 overall, 9-0 Skyline) completed the sweep of the Knights (1-19, 0-9) to remain tied with Mazama for first place in the conference.
Maddie Moore had a double, triple and drove in six runs and Jamie Whitaker went 3 for 3 with two RBIs.
Annie Campos allowed two hits in five innings and struck out 11.
In the opener, Elizabeth Powell went 5 for 5 with a double, homer and four runs batted in. Campos was 4 for 5 with two doubles and five RBIs and pitched a one-hitter over five innings with nine strikeouts. Malia Mick was 4 for 6 with two doubles, three RBIs and scored five times.
Mazama 11-15, Phoenix 1-6: Caelyn Davis had two doubles and pitched a six-hitter, allowing just one earned run and striking out six, as the Vikings (13-5, 9-0) won the second game to sweep the doubleheader from the Pirates (8-10, 6-3) to remain tied for first place in the Skyline Conference.
Cambria Meyer went 2 for 4 with a double and three RBIs.
In the opener, Mazama scored seven runs in the third inning to pull away.
Gracie Hamilton went 2 for 3 with a double, home run and two RBIs and Ella Baley also homered. Davis pitched a one-hitter with seven strikeouts.
Hidden Valley 1-1, Klamath Union 0-0: The host Mustangs (6-10, 3-6) swept the Pelicans (2-12, 0-9).
Lost River 24, Bonanza 12: The visiting Raiders (7-8, 5-2) defeated the Antlers in a 2A-1A Special District 5 game.
Track & field
Grants Pass Invitational: Mazama’s Blaine Jeffrey won the boys 110-meter hurdles and Henley’s Eli Hayes and Lanie Cox won the boys and girls triple jumps, respectively, at the 72nd annual meet.
Jeffrey won in 15.65 seconds, with South Medford’s Asher Johnson second in 15.77. Mazama’s Savien Burk placed second in the 300 hurdles.
Hayes posted a jump of 43 feet, 8.5 inches to win by 7.5 inches. Cox set a personal best of 33-8.75.
Henley’s Andrew Edwards placed second in the pole vault and Mazama’s Isabella Heaton took third in the javelin. | https://www.heraldandnews.com/klamath/prep-roundup-mazama-henley-remain-in-three-way-tie-in-skyline-baseball-race/article_a8737331-4db5-5dbb-9b37-6709b1f5a437.html | 2022-05-03T05:06:47Z |
Cutting red tape, reducing government fees and changing Oregon’s land use laws are among steps those running for governor in Oregon would take to increasing the supply of housing.
Every candidate running was invited to address questions on key issues facing the state. Journalists across the state drafted the following 15 questions, which were distributed to candidates by the Agora Journalism Center at the University of Oregon.
This is part of an unprecedented collaboration among newsrooms to provide voters better information about those who would be governor. The primary election is May 17 and voting is underway now with Oregon’s vote-by-mail system.
Responses are in the candidates’ own words and have been trimmed at the 300-word limit.
The question
There are housing shortages in both rural and urban communities across Oregon. What specific steps would you take to increase access to housing and housing stock for low and middle-income Oregonians?
Amber R. Richardson – Republican
De-regulate, stop redtaping, stop over permitting. Get our logging industry back. Get the inflation down in our state, start utilizing our resources so we can survive in our state. These are all common sense policies that help bring costs down. We need to stop making everything so much harder, again long term solutions actually work so people can actaully survive in a real way. Cut down these boards that have overlapped that have caused major issues so nothing can even get done.
Betsy Johnson – independent
Oregon has a housing affordability crisis because we have a housing supply crisis. As governor, I will lead to increase the supply of housing to decrease the cost of housing – all types of housing choices. We cannot overcome our massive housing supply deficit simply through publicly funded or subsidized housing programs. And the legislature needs to stop telling homebuilders how to build homes. We need to unleash the power of the private marketplace to meet the growing demand for housing that exists across Oregon. We cannot make housing even more expensive with excessive rules, mandates, taxes, and fees. Unfortunately, this is something that has become all too common in Oregon. As governor, I will convene conversations with local mayors, city councils, county commissions, and tribal leaders, as well as the home building industry, about what is standing in the way of creating more housing – and lead to remove those barriers. We must face the reality of our situation and recognize we cannot continue doing the same thing and expect a different result. We are proud of our land-use system that has protected farms and wilderness, but if a lack of land for housing has made Oregon unaffordable for families, it is time to talk about targeted adjustments. Leading to make Oregon more affordable for people who work paycheck to paycheck – especially housing – will be one of my highest priorities.
Bill Sizemore – Republican
I mentioned this above. End the urban growth boundary approach to land use. Increase the supply of land upon which houses can be built. Housing prices are primarily a result of supply and demand, a law that cannot be repealed. We also need a moratorium on unnecessary system development charges, which can add tens of thousands of dollars onto the cost of a house.
Bob Tiernan – Republican
So many steps, so little time. First I think the new Governor needs to call a housing summit, like Governor Goldschmidt did for worker’s comp. Only this time I may have to lock all the parties in to the state fairgrounds for a couple of weeks because it’s that big of an issue involving so many different stakeholders.
Second, this incoming Governor doesn’t like the idea that government has all the answers— seems like the laws of supply and demand often work better when it comes to housing. For example, Oregon imposed rent control but yet rents are up by 50% on average according to a recent annual survey. Other overregulation for climate change policies, energy efficiency rules, permit problems, and SDCs, all drive up costs for home builders. I’m sure these are all concerns would come up at the housing summit.
Finally, I would can deal with those concerns to increase access and affordability for low and middle-income housing. In addition, land use laws continue to be the biggest factor for many in this equation. Among other options, I support expanding a pilot program which allows for 50-acre extensions of the urban growth boundary using public-private partnerships to create more opportunities for affordable housing in limited cases around Oregon.
Bridget Barton – Republican
Since I began my work as a conservative writer, publisher and advocate 30 years ago, I have watched radical environmental groups execute an experiment on Oregon that they started in the 1970s. The basic premise of their effort is this: restrict the land on which you can build. It’s pretty simple that when you reduce supply (of housing) then you increase demand—and that drives up prices. Renters in Portland recently experienced the biggest average rent hikes in the nation. Families struggle to pay rent and mortgages here because leftist environmental groups restricted where and what we can build.
And more recently, state building codes require builders to tack on green extras like bike racks and electric vehicle charging outlets that cost us all a lot of money. So when young people can’t afford homes here, it’s because the market has been manipulated by environmental policies that make life more expensive.
I have kids who are starting young families. I want my grandchildren to grow up in a neighborhood home where they can ride their bikes. But that’s way out of reach for too many families. I will work to expand opportunities for builders to build more homes and apartments and reduce ridiculous building requirements and restrictions that make building or remodeling too expensive. I plan to take a hard look at Oregon’s land use policies that are choking off supply for both housing and business expansion.
Bud Pierce – Republican
To build affordable housing, we must take several steps. We must lower the cost of land by modifying our land-use planning to allow more land to become buildable. We must dramatically reduce the fees, red tape, and time the builders invest in building homes. Finally, we must loosen stringent building requirements that significantly increase the cost of building a house.
Christine Drazan – Republican
Our state government has repeatedly interfered with the private sector’s ability to meet the demand for housing. The result has been skyrocketing housing costs with little hope of ever building the number of units economists say are needed to address our housing crisis. To add to it, policies like inclusionary zoning and the regulatory complexities of our land use system add thousands of dollars to the cost of building new homes. We must expedite the process to make buildable land available, speed up the development of new units, and lower the cost associated with building new housing in Oregon. We must also protect existing programs – like the mortgage interest deduction and first-time home buyer program – while holding down property taxes that already make up a significant portion of Oregonians’ monthly mortgage bills.
Court Boice – Republican
Let’s get a bit more specific here: How do you build “low income housing?” What makes a new structure affordable to people who do not have sufficient income to buy a house? Where do you put affordable housing? Is the effort aimed at rental? Where do you put these low income apartment developments? Who makes these decisions and what level of public input is required? Housing is a major component of the economy. If you try to separate housing from the economy, you can’t legitimately address either one. Stay out of trying to manipulate the economy and deal with how these people became homeless. Oregon’s involvement in rent control and the pending effort to dis-allow mortgage interest as a tax-deductible item and the increases in property taxes, will continue to complicate the housing component of the economy. Currently, there is no suggested solution to the perceived housing shortage that does not involve increased taxation or increased deficit spending and growth of public debt to fund massive building projects which further degrade the foundations of the economy. As I mentioned and repeat here: Oregon’s individual tax burden is one of the highest in the country at 9.9%. We’re looking at $27+ billion failure of PERS (essential bankruptcy) and we’re spending about $55 billion annually on an estimated $47 billion revenue stream and we’re sitting on approximately $44 billion in debt. Get clear that “Just write the check, your grandkids can cash it” is not a solution.
George L. Carrillo – Democrat
The housing shortage did not occur overnight. This is a massive failure by our Democratic party years in the making. They were aware of the community needs for many years, of which we are now seeing the long-term effects of housing shortages all across Oregon. When the problem was increasingly worsening, we didn’t step in with appropriate funding to build more housing, didn’t have a coordinated approach, nor create a transitional system and continuum of care that works for anybody.
The specific steps I would take to increase access to housing and housing stock for low and middle-income Oregonians starts with protecting current renters so they can stay in their homes. This includes placing a 30% income limit on rent and ensuring renters have a protected right of access to court-appointed counsel. I will reinvest our Section 8 housing funds and other program funds to allow a tax break for landlords who continue to provide low-income housing.
I will work towards ending gentrification and exclusionary zoning because this keeps affordable housing out of neighborhoods through land use and building code requirements and raises the price of rent, homes, and property values.
For renters who experience houselessness, I will create new facilities throughout the state that provides on-site services to address the needs of our houseless community This includes expanding the concept of shelters by addressing the social determinants of health of an individual or family who is willing to engage.
I will support funding to create diverse transitional housing throughout the state that provides on-site services to address the need of our houseless community and assist with the shift in becoming self-sufficient. This includes expanding the concept of shelters by addressing the social determinants of health of an individual or family willing to engage in services.
Jessica Gomez – Republican
Oregon has spent many decades enacting public policies that have driven up the cost of housing, making our small, mostly rural state one of the most expensive places to live in the country. Reversing this situation starts with amending Oregon’s land use system, which limits the supply of buildable land. We also need to revisit Oregon’s property tax system which is pricing so many senior citizens on fixed incomes out of their own homes. I will encourage local communities to revisit their building codes to ensure they are not overly restrictive or costly for builders, or for those who may want to add on to their home or site a “tiny home” on their property. I would also look to eliminate or dramatically lower “system development charges” which are a huge driver of the cost of home building in Oregon.
John Sweeney – Democrat
House building is done at the city & county level. They need to speed up the permit process & lower their permit fees to increase the building of more houses.
Julian Bell – Democrat
Housing is an emergency across the state for many Oregonians. The problem with housing and homelessness in Oregon is lack of housing. We have been relying on a free market system to build housing in Oregon, but a free market only works if you can afford to be the highest bidder. With the appalling income inequality in American this is a recipe for disaster – the disaster we have. The state of Oregon, which is the custodian of the people’s tax dollars, needs to put these tax dollars to work to address voter’s most urgent issues, in this case housing. In my view there is no other way to make affordable housing available to low income or working Oregonians other than to leverage the state’s resources to build housing units.
Keisha Lanell Merchant – Democrat
Universal housing on public lands. Tax exemption, and Universal housing in all abandoned sites, and properties, and buildings or businesses, renovate and get habitat with humanity to partner with organizations to renovate inactive sites. Provide Urban and Park ranger systems, and let communities to live rent free in return for social responsibility to the space.
Marc Thielman – Republican
As Governor, I will implement immediate changes that will greatly reduce the time, cost and affordability of housing for hard working Oregonians. Specifically, making state and county owned property available to developers for little cost, streamlining permitting and planning to reduce delays that raise costs, and delivering quality houses to new home buyer at a truly affordable price (around $180,000). Making state funds available to lenders that subsidize down payment and closing costs for those who have been making high rental payments but are unable to save for a down payment will go along way to getting young families into home ownership and equity building. Further reduction in permitting and planning charges by local counties/municipalities will also help as they will be able to access a 1% increase in property tax assessment thereby paying themselves back for lost fees overtime. Government should be working aggressively to solve the affordable housing shortage and doing so will mean thinking differently and acting aggressively in support of working Oregonians.
Michael Trimble – Democrat
There are entirely way too many vacant properties and buildings just sitting going to waste. As governor, I will seize those properties and buildings under eminent domain and give them to nonprofit organizations/agencies to retrofit them into housing. I will work with state/public/ngo agencies to build at least 25,000 low-income houses/apartments each year and rent these to low-income and unemployed Oregonians. I will transition us to a renter-to-owner program rather than the existing rent only/mortgage program.
I will lower rents of middle-to-low-income by at least $100 at multi-unit apartment properties in my first 100 days while I work with the legislature to ultimately cap rents of middle-to-low-income to 30% of their income in my first term. I will ban all rent related nonrefundable fees including application and pet fees, as well as criminalize vacancies longer than 45 days. If a vacancy can’t be filled after 45 days, the government will give that unit to a tenant on the waiting list. There is no reason for vacancies with so many people looking for housing. Where I live, there have been vacant units sitting unoccupied for months because the property management company refuses to rent at below market value. All that will end as your governor.
I will mandate Section 8 be accepted by all landlords/property managers and work to cut the obscenely egregious waiting lists/times to under 100 days. I will seize all vacant buildings/properties under eminent domain and give them to nonprofits/organizations/agencies ready to convert them into housing. I will overhaul zoning to discourage single unit only dwellings to expand multi unit/shared dwellings.
Nick Hess – Republican
Most of this comes back with encouraging counties to grow and to take the necessary steps to do so. To spur supply to match our increase in housing demands, we need:
Increase housing supply through city and county zoning changes. We need to build denser in our urban centers. Currently, many of our metro suburbs can build no more than 5 stories. We also need to be sure we are maximizing our space by placing parking underground.
Decrease housing regulations that add unnecessary costs to new builds. We must also pause unnecessary requirements that are placed upon construction companies. One example of this is the Portland city ordinance that requires 20% of new construction to be built by minority-owned businesses. This is a well-intentioned ordinance but the reality is that there are very few businesses that fit these requirements. It is causing delays and cancellations of construction projects.
Government-run housing either needs to be streamlined or handed off to private non-profits with a history of success. To put it simply, the government is not doing enough in its current capacity to be considered “successful” and throwing more money at the problem will not solve it.
Patrick E. Starnes – Democrat
I am the only candidate for governor who has increased housing in Oregon. My wife and I restore old abandoned houses (often abandoned for over 6 years). Doing this work helped me develop my plan for the Oregon Shelter Fund (OSF) which will be outside the General Fund in Salem. When I come up with a new fund I feel responsible to propose a way to pay for it. A Vacancy Fee on these old abandoned properties will not only put revenue into the OSF but also push incentives on the owners of these abandoned properties to restore them and provide us more housing. Often these abandoned properties are owned by wealth out of state interests who are using them to write-off the depreciation. The OSF can be used for matching funds with Federal and local dollars to provide permanent housing for the unhoused and also for working families so they can eventually own them.
Peter W. Hall – Democrat
We need to spread out business investment so that those real estate developers will have an incentive to produce more housing in rural areas. We can also expand urban growth boundaries and planning codes to make more land available for housing in urban areas as well as create public/private partnerships to produce proper housing for a variety of citizens and their individual needs.
Stan Pulliam – Republican
Both the state and federal government have been derelict in their duty to support communities’ infrastructure projects such as wastewater, water treatment, and roads. And now local municipalities have had to start investing in high-speed broadband internet access. All these items create huge strains on local rural communities. If the state government wants to get serious on the housing affordability issue, they need to pick up their responsibility on these critical infrastructure items so that local municipalities can begin to lower their system development charges for developers.
Tim McCloud – Republican
As Governor, I will prioritize development of single and multi-family living accommodations throughout Oregon, and redevelopment of inactive commercial spaces into transitional housing. I will seek to reduce constraints on maximum occupant restrictions and seek changes to home lending policies that traditionally disadvantage students and low-income borrowers.
Tina Kotek – Democrat
Oregon’s housing and homelessness crisis is the most pressing issue impacting our communities. As Governor, I will bring more urgency to help our unhoused neighbors get into permanent housing, and I will also focus on increasing the overall amount of housing in our state.
Oregon has a shortage of at least 111,000 homes, with the greatest shortage being homes that are affordable to lower-income families. Statewide, we need to build about 36,000 new homes each year over the next decade to address the current shortage of housing and keep pace with future housing demand.
As House Speaker, I led the way to invest more than $1.5 billion over the last five years to help build more affordable housing, provide more rental assistance to keep people housed, and maintain the current supply of affordable housing. But that’s not enough. As your Governor, I will lead a comprehensive approach to tackling our housing and homelessness crisis, focusing on these five priorities:
End unsheltered homelessness for veterans, families with children, unaccompanied young adults, and people 65 years and older by 2025, and continue to strengthen pathways to permanent housing for all Oregonians experiencing homelessness.
Build enough housing to meet the need for people currently experiencing homelessness, address the current shortage of housing, and keep pace with future affordable housing demand by 2033.
Advance racial equity by reducing the racial homeownership gap by 20 percent by 2027.
Keep people housed who are currently on the brink of homelessness.
Encourage intergovernmental and private sector partnerships to have more effective and efficient responses to solving this crisis.
If we’re going to solve Oregon’s housing crisis, we need both near-term and long-term strategies. As Governor, I will move Oregon forward on meeting both the immediate challenges and tackling the root causes of this crisis.
Tobias Read – Democrat
There is no solution to our housing crisis that won’t involve the private sector working closely with state and local government. We need more investment in housing, and that will only occur when we identify the specific measures that will unlock these dollars–increasing access to buildable land, co-investing in building critical infrastructure, and providing flexibility in our land use planning system in exchange for developments that meet our climate goals. And we must look to streamline and remove red-tape in order to deploy the billions of dollars that have already been approved by the State and Metro-area governments to build more affordable housing in Oregon.
Wilson R. Bright – Democrat
My affordable housing plan is based on the theory that to reduce prices we must drastically affect supply. My proposal is the State of Oregon acts as the developer of affordable housing units. The state doesn’t want to be the landlord, the state wants to be the mortgage holder.
We will focus on building 350-550 sq ft units that will have mortgages around $150,000 each. This results in a $270 – $300 per sq ft construction price. If we charge a 4% interest rate the monthly mortgage cost would be around $716.19 a month. According to my calculations, a full-time employee with working minimum wage should be able to afford such a cost.
We plan that these properties will be a part of a Rent-to-Own system directed towards solving the homelessness problem. In this system, a down-payment is not required. After getting clean in our program, learning some occupational skills, maintaining a job and paying rent on time for 3 years, these citizens will have the
opportunity to apply for the Rent-to-Own program. Stay clean (we test), work and pay rent for 3 years we will waive a down payment and your next payment becomes a mortgage payment.
We will offer this same rent to own program to those who are working minimum wage jobs but do not make enough to save for a down payment.
Editor’s note: Reed Christensen is no longer running after suffering a stroke and fellow Republican Stefan G. Strek declined to participate in the Q&A. Republicans Brandon C. Merritt, David A. Burch, Raymond Baldwin, John G. Presco and Kerry McQuisten didn’t respond to the question, nor did Democats Michael Cross, Dave W. Stauffer, David Beem, Genevieve Wilson or Ifeanyichukwu C. Diru. | https://www.heraldandnews.com/klamath/their-words-candidates-for-oregon-governor-on-the-housing-shortage/article_87c60b72-9172-5445-93c9-e4ef28be42d8.html | 2022-05-03T05:06:53Z |
HOLLISTER, Calif. — California walnut grower Tim McCord is at the dry end of the spigot, facing a zero-water allocation from the Central Valley Project, which is supposed to deliver to his local San Benito County Water District.
“I don’t know what I’m going to do,” said McCord.
The farmer is not just concerned about his orchard; he’s also frustrated that he owes substantial water-related taxes to the district, and, if water is eventually delivered, he’ll be charged $309.75 per acre-foot — more than in non-drought years.
McCord is not alone. During drought, it’s common for farmers across the West to pay higher water-related rates, assessments, fees and taxes than during wet years.
This is because drought is costly for water suppliers, which often pass on their costs to customers.
According to the Public Policy Institute of California, suppliers’ revenues generally come from water users paying for deliveries. If a supplier doesn’t have as much water to deliver, revenue shrinks unless the supplier increases rates.
Drought can also degrade water quality, damage infrastructure, demand more management and drive suppliers to buy supplemental water.
Although details vary by region, the universal theme is that drought hurts suppliers and farmers.
One example of a district facing escalating costs is Valley Water in San Jose.
The district’s staff has proposed charging agricultural water users a higher rate per acre-foot this year: up to 8% more for groundwater and 11.9% more for surface water.
Matt Keller, district spokesman, said there are a few reasons behind the proposed increase. First, the district may buy “emergency water” on the open market. Second, it must continue to maintain and repair conveyance systems, expand recycled water delivery and build infrastructure.
Nearby Westlands Water District faces similar expenses. Deputy general manager of resources Russ Freeman said Westlands also gets costs passed on to it from the U.S. Bureau of Reclamation, which operates the Central Valley Project.
Reclamation’s primary revenue comes from contractors, including irrigation districts, paying for deliveries. If drought forces the agency to deliver less water, that means less revenue.
“We still need to do our basic program,” said Ann Lubas-Williams, financial manager at Reclamation.
According to Sabir Ahmad, rate-setting manager at Reclamation, the agency develops annual water rates based on projected costs and deliveries.
For the Central Valley Project, Ahmad said, Reclamation is required to publish a proposed draft rate Oct. 1 and final rate Dec. 31.
The challenge is predicting spring precipitation.
On Dec. 31, 2021, after heavy snowfall, Reclamation estimated the operations and maintenance cost for the Central Valley Project at $31 per acre-foot. Then came one of the driest January-through-March periods on record. Now, the cost is $132 per acre-foot.
Because Reclamation is under-charging irrigation districts this year, it will collect on the $101 per acre-foot difference, or “deficit,” next year. Contractors will have two choices: pay the deficit in 30 days with no interest or pay by 2030 with interest.
Either way, Reclamation is passing on its costs. Some districts will then pass on their costs to farmers.
In Eastern Oregon, Owyhee Irrigation District is raising its assessment $1 per acre in 2022 to account for drought costs and inflation. Clancy Flynn, manager, said drought means more man-hours: keeping canals trimmed, headgates set, cleaning weeds off screens and filing paperwork.
Josh Bailey, who manages North Unit Irrigation District in Central Oregon, said weed management is more expensive during drought. As farmers fallow fields, weeds spread to canals and laterals. Bailey said the district has seen a “massive increase” in costs to control weeds and pay overtime.
North Unit is dipping into reserves rather than increasing rates this year, but reserves won’t last forever.
In Southern Oregon, Klamath Irrigation District also faces catapulting costs.
Gene Souza, district manager, said canals that haven’t seen water in 18 months are strewn with weeds and pockmarked with burrows made by badgers, muskrats and yellow-bellied marmots.
In the northern part of the district, where soils are clay-based, parched canals are cracking, requiring the district to send out ditch riders to fill cracks with bentonite clay. In the southern region, where soils are sandier, canals are crumbling, so the district has to install geomembrane liner at $8 to $15 per foot.
“Regardless of whether I deliver (farmers) a drop of water or not, I’ve got to maintain the system,” said Souza.
Farmers won’t pay for water they don’t receive, but they will pay assessments to maintain delivery systems.
Klamath Irrigation District isn’t raising rates this year, instead running on reserve funds and incoming state and federal dollars. But if drought continues, Souza said, reserves could run dry.
“If we don’t increase rates next year, will we be here in 2024?” he said.
Although Idaho and parts of Washington also face tight supplies, district managers said their states are better-positioned.
“We’re not as bad as Oregon,” said David Christiansen, manager of Idaho’s Snake River Valley Irrigation District.
Christiansen said his district is experiencing inflation but hasn’t yet seen drought-related costs.
“I’m preparing for the worst, hoping for the best,” said Christiansen.
But for some farmers, like California walnut grower McCord, the worst has already come. | https://www.heraldandnews.com/klamath/why-farmers-often-pay-higher-water-rates-and-fees-during-drought/article_cf0ab4ae-a501-552b-a230-8d03a200e26e.html | 2022-05-03T05:06:59Z |
Country
United States of America US Virgin Islands United States Minor Outlying Islands Canada Mexico, United Mexican States Bahamas, Commonwealth of the Cuba, Republic of Dominican Republic Haiti, Republic of Jamaica Afghanistan Albania, People's Socialist Republic of Algeria, People's Democratic Republic of American Samoa Andorra, Principality of Angola, Republic of Anguilla Antarctica (the territory South of 60 deg S) Antigua and Barbuda Argentina, Argentine Republic Armenia Aruba Australia, Commonwealth of Austria, Republic of Azerbaijan, Republic of Bahrain, Kingdom of Bangladesh, People's Republic of Barbados Belarus Belgium, Kingdom of Belize Benin, People's Republic of Bermuda Bhutan, Kingdom of Bolivia, Republic of Bosnia and Herzegovina Botswana, Republic of Bouvet Island (Bouvetoya) Brazil, Federative Republic of British Indian Ocean Territory (Chagos Archipelago) British Virgin Islands Brunei Darussalam Bulgaria, People's Republic of Burkina Faso Burundi, Republic of Cambodia, Kingdom of Cameroon, United Republic of Cape Verde, Republic of Cayman Islands Central African Republic Chad, Republic of Chile, Republic of China, People's Republic of Christmas Island Cocos (Keeling) Islands Colombia, Republic of Comoros, Union of the Congo, Democratic Republic of Congo, People's Republic of Cook Islands Costa Rica, Republic of Cote D'Ivoire, Ivory Coast, Republic of the Cyprus, Republic of Czech Republic Denmark, Kingdom of Djibouti, Republic of Dominica, Commonwealth of Ecuador, Republic of Egypt, Arab Republic of El Salvador, Republic of Equatorial Guinea, Republic of Eritrea Estonia Ethiopia Faeroe Islands Falkland Islands (Malvinas) Fiji, Republic of the Fiji Islands Finland, Republic of France, French Republic French Guiana French Polynesia French Southern Territories Gabon, Gabonese Republic Gambia, Republic of the Georgia Germany Ghana, Republic of Gibraltar Greece, Hellenic Republic Greenland Grenada Guadaloupe Guam Guatemala, Republic of Guinea, Revolutionary
People's Rep'c of Guinea-Bissau, Republic of Guyana, Republic of Heard and McDonald Islands Holy See (Vatican City State) Honduras, Republic of Hong Kong, Special Administrative Region of China Hrvatska (Croatia) Hungary, Hungarian People's Republic Iceland, Republic of India, Republic of Indonesia, Republic of Iran, Islamic Republic of Iraq, Republic of Ireland Israel, State of Italy, Italian Republic Japan Jordan, Hashemite Kingdom of Kazakhstan, Republic of Kenya, Republic of Kiribati, Republic of Korea, Democratic People's Republic of Korea, Republic of Kuwait, State of Kyrgyz Republic Lao People's Democratic Republic Latvia Lebanon, Lebanese Republic Lesotho, Kingdom of Liberia, Republic of Libyan Arab Jamahiriya Liechtenstein, Principality of Lithuania Luxembourg, Grand Duchy of Macao, Special Administrative Region of China Macedonia, the former Yugoslav Republic of Madagascar, Republic of Malawi, Republic of Malaysia Maldives, Republic of Mali, Republic of Malta, Republic of Marshall Islands Martinique Mauritania, Islamic Republic of Mauritius Mayotte Micronesia, Federated States of Moldova, Republic of Monaco, Principality of Mongolia, Mongolian People's Republic Montserrat Morocco, Kingdom of Mozambique, People's Republic of Myanmar Namibia Nauru, Republic of Nepal, Kingdom of Netherlands Antilles Netherlands, Kingdom of the New Caledonia New Zealand Nicaragua, Republic of Niger, Republic of the Nigeria, Federal Republic of Niue, Republic of Norfolk Island Northern Mariana Islands Norway, Kingdom of Oman, Sultanate of Pakistan, Islamic Republic of Palau Palestinian Territory, Occupied Panama, Republic of Papua New Guinea Paraguay, Republic of Peru, Republic of Philippines, Republic of the Pitcairn Island Poland, Polish People's Republic Portugal, Portuguese Republic Puerto Rico Qatar, State of Reunion Romania, Socialist Republic of Russian Federation Rwanda, Rwandese Republic Samoa, Independent State of San Marino, Republic of Sao Tome and Principe, Democratic Republic of Saudi Arabia, Kingdom of Senegal, Republic of Serbia and Montenegro Seychelles, Republic of Sierra Leone, Republic of Singapore, Republic of Slovakia (Slovak Republic) Slovenia Solomon Islands Somalia, Somali Republic South Africa, Republic of South Georgia and the South Sandwich Islands Spain, Spanish State Sri Lanka, Democratic Socialist Republic of St. Helena St. Kitts and Nevis St. Lucia St. Pierre and Miquelon St. Vincent and the Grenadines Sudan, Democratic Republic of the Suriname, Republic of Svalbard & Jan Mayen Islands Swaziland, Kingdom of Sweden, Kingdom of Switzerland, Swiss Confederation Syrian Arab Republic Taiwan, Province of China Tajikistan Tanzania, United Republic of Thailand, Kingdom of Timor-Leste, Democratic Republic of Togo, Togolese Republic Tokelau (Tokelau Islands) Tonga, Kingdom of Trinidad and Tobago, Republic of Tunisia, Republic of Turkey, Republic of Turkmenistan Turks and Caicos Islands Tuvalu Uganda, Republic of Ukraine United Arab Emirates United Kingdom of Great Britain & N. Ireland Uruguay, Eastern Republic of Uzbekistan Vanuatu Venezuela, Bolivarian Republic of Viet Nam, Socialist Republic of Wallis and Futuna Islands Western Sahara Yemen Zambia, Republic of Zimbabwe | https://www.heraldandnews.com/news/local_news/law_enforcement/woman-flags-down-fire-truck-after-being-shot/article_279f698f-add6-5bf8-8633-d4a2f2192f4e.html | 2022-05-03T05:07:05Z |
Country
United States of America US Virgin Islands United States Minor Outlying Islands Canada Mexico, United Mexican States Bahamas, Commonwealth of the Cuba, Republic of Dominican Republic Haiti, Republic of Jamaica Afghanistan Albania, People's Socialist Republic of Algeria, People's Democratic Republic of American Samoa Andorra, Principality of Angola, Republic of Anguilla Antarctica (the territory South of 60 deg S) Antigua and Barbuda Argentina, Argentine Republic Armenia Aruba Australia, Commonwealth of Austria, Republic of Azerbaijan, Republic of Bahrain, Kingdom of Bangladesh, People's Republic of Barbados Belarus Belgium, Kingdom of Belize Benin, People's Republic of Bermuda Bhutan, Kingdom of Bolivia, Republic of Bosnia and Herzegovina Botswana, Republic of Bouvet Island (Bouvetoya) Brazil, Federative Republic of British Indian Ocean Territory (Chagos Archipelago) British Virgin Islands Brunei Darussalam Bulgaria, People's Republic of Burkina Faso Burundi, Republic of Cambodia, Kingdom of Cameroon, United Republic of Cape Verde, Republic of Cayman Islands Central African Republic Chad, Republic of Chile, Republic of China, People's Republic of Christmas Island Cocos (Keeling) Islands Colombia, Republic of Comoros, Union of the Congo, Democratic Republic of Congo, People's Republic of Cook Islands Costa Rica, Republic of Cote D'Ivoire, Ivory Coast, Republic of the Cyprus, Republic of Czech Republic Denmark, Kingdom of Djibouti, Republic of Dominica, Commonwealth of Ecuador, Republic of Egypt, Arab Republic of El Salvador, Republic of Equatorial Guinea, Republic of Eritrea Estonia Ethiopia Faeroe Islands Falkland Islands (Malvinas) Fiji, Republic of the Fiji Islands Finland, Republic of France, French Republic French Guiana French Polynesia French Southern Territories Gabon, Gabonese Republic Gambia, Republic of the Georgia Germany Ghana, Republic of Gibraltar Greece, Hellenic Republic Greenland Grenada Guadaloupe Guam Guatemala, Republic of Guinea, Revolutionary
People's Rep'c of Guinea-Bissau, Republic of Guyana, Republic of Heard and McDonald Islands Holy See (Vatican City State) Honduras, Republic of Hong Kong, Special Administrative Region of China Hrvatska (Croatia) Hungary, Hungarian People's Republic Iceland, Republic of India, Republic of Indonesia, Republic of Iran, Islamic Republic of Iraq, Republic of Ireland Israel, State of Italy, Italian Republic Japan Jordan, Hashemite Kingdom of Kazakhstan, Republic of Kenya, Republic of Kiribati, Republic of Korea, Democratic People's Republic of Korea, Republic of Kuwait, State of Kyrgyz Republic Lao People's Democratic Republic Latvia Lebanon, Lebanese Republic Lesotho, Kingdom of Liberia, Republic of Libyan Arab Jamahiriya Liechtenstein, Principality of Lithuania Luxembourg, Grand Duchy of Macao, Special Administrative Region of China Macedonia, the former Yugoslav Republic of Madagascar, Republic of Malawi, Republic of Malaysia Maldives, Republic of Mali, Republic of Malta, Republic of Marshall Islands Martinique Mauritania, Islamic Republic of Mauritius Mayotte Micronesia, Federated States of Moldova, Republic of Monaco, Principality of Mongolia, Mongolian People's Republic Montserrat Morocco, Kingdom of Mozambique, People's Republic of Myanmar Namibia Nauru, Republic of Nepal, Kingdom of Netherlands Antilles Netherlands, Kingdom of the New Caledonia New Zealand Nicaragua, Republic of Niger, Republic of the Nigeria, Federal Republic of Niue, Republic of Norfolk Island Northern Mariana Islands Norway, Kingdom of Oman, Sultanate of Pakistan, Islamic Republic of Palau Palestinian Territory, Occupied Panama, Republic of Papua New Guinea Paraguay, Republic of Peru, Republic of Philippines, Republic of the Pitcairn Island Poland, Polish People's Republic Portugal, Portuguese Republic Puerto Rico Qatar, State of Reunion Romania, Socialist Republic of Russian Federation Rwanda, Rwandese Republic Samoa, Independent State of San Marino, Republic of Sao Tome and Principe, Democratic Republic of Saudi Arabia, Kingdom of Senegal, Republic of Serbia and Montenegro Seychelles, Republic of Sierra Leone, Republic of Singapore, Republic of Slovakia (Slovak Republic) Slovenia Solomon Islands Somalia, Somali Republic South Africa, Republic of South Georgia and the South Sandwich Islands Spain, Spanish State Sri Lanka, Democratic Socialist Republic of St. Helena St. Kitts and Nevis St. Lucia St. Pierre and Miquelon St. Vincent and the Grenadines Sudan, Democratic Republic of the Suriname, Republic of Svalbard & Jan Mayen Islands Swaziland, Kingdom of Sweden, Kingdom of Switzerland, Swiss Confederation Syrian Arab Republic Taiwan, Province of China Tajikistan Tanzania, United Republic of Thailand, Kingdom of Timor-Leste, Democratic Republic of Togo, Togolese Republic Tokelau (Tokelau Islands) Tonga, Kingdom of Trinidad and Tobago, Republic of Tunisia, Republic of Turkey, Republic of Turkmenistan Turks and Caicos Islands Tuvalu Uganda, Republic of Ukraine United Arab Emirates United Kingdom of Great Britain & N. Ireland Uruguay, Eastern Republic of Uzbekistan Vanuatu Venezuela, Bolivarian Republic of Viet Nam, Socialist Republic of Wallis and Futuna Islands Western Sahara Yemen Zambia, Republic of Zimbabwe | https://www.heraldandnews.com/news/oregon/cops-find-stolen-guitars-litter-of-puppies-during-sweep-of-homeless-camp/article_0ca0ad7a-7115-53dc-918c-8ce1196a6afd.html | 2022-05-03T05:07:11Z |
Bluefield and Wyoming East notch blowout wins to setup Tuesday night rematch
Each team wins in five innings
Published: May. 3, 2022 at 12:37 AM EDT|Updated: 46 minutes ago
BLUEFIELD, W.Va. (WVVA) -Cara Brown threw three shutout innings and homered in the Lady Beavers’ 16-0 win over Westside.
Wyoming East beat Pikeview 9-0 in five innings.
The Lady Warriors host the Lady Beavers on Tuesday night. Wyoming East beat Bluefield less than a week ago on a walk-off grand slam.
Copyright 2022 WVVA. All rights reserved. | https://www.wvva.com/2022/05/03/bluefield-wyoming-east-notch-blowout-wins-setup-tuesday-night-rematch/ | 2022-05-03T05:24:43Z |
‘Pod living’ sees 14 people living in one home for cheaper rent
PALO ALTO, Calif. (KGO) - As rent in parts of the United States becomes out of reach for some, a new concept in California is gaining traction. “Pod living” allows for multiple people to share one home.
The rent for a three-bedroom, two-bath house in Palo Alto, California, could easily run $6,000 to $8,000. But the 14 residents are only paying $800 per month. While they share the kitchen and other spaces, each resident sleeps in a pod a bit larger than a twin bed.
“Our pods are actually eight feet tall, so it gives enough room for bigger people and also some wiggle room, so they’re not like the Japanese capsules. They’re a little bit larger,” said Christina Lennox, the co-founder of Brownstone Shared Housing.
She designed the pods and said she can cocoon in one all day. Each pod is outfitted with a temperature-controlled fan, lighting, a fold-down desk and any personal touches an individual wants to add.
Lennox and co-founder James Stallworth wanted to address the need for affordable housing. They tried to do this in New York but ran into objections. However, Palo Alto doesn’t set a limit on renters in a single-family house. They also found a cooperative landlord.
“We told them about our concept and the benefits of it and how it would help people, and the landlord was interested,” Stallworth said.
The residents are all in their 20s, getting started in their careers or doing internships.
Luis Alsonso, a resident from Peru, loves having access to the kitchen. He says sleeping in a pod is fine.
“For me, I don’t need a big space. Every night, when I go to sleep, I need just one bed,” he said.
In a year, the idea for pod living went from a concept to affordable housing for 20 at two sites, financed mostly by savings and family.
“I don’t mind depleting my savings like this, as long as I’m able to bring this to the world. That’s all I really care about,” Lennox said.
The shared housing company is also operating in Bakersfield. They’re hoping to take their concept nationwide.
Copyright 2022 KGO via CNN Newsource. All rights reserved. | https://www.wvva.com/2022/05/03/pod-living-sees-14-people-living-one-home-cheaper-rent/ | 2022-05-03T05:24:50Z |
‘Pod living’ sees 14 people living in one home for cheaper rent
PALO ALTO, Calif. (KGO) - As rent in parts of the United States becomes out of reach for some, a new concept in California is gaining traction. “Pod living” allows for multiple people to share one home.
The rent for a three-bedroom, two-bath house in Palo Alto, California, could easily run $6,000 to $8,000. But the 14 residents are only paying $800 per month. While they share the kitchen and other spaces, each resident sleeps in a pod a bit larger than a twin bed.
“Our pods are actually eight feet tall, so it gives enough room for bigger people and also some wiggle room, so they’re not like the Japanese capsules. They’re a little bit larger,” said Christina Lennox, the co-founder of Brownstone Shared Housing.
She designed the pods and said she can cocoon in one all day. Each pod is outfitted with a temperature-controlled fan, lighting, a fold-down desk and any personal touches an individual wants to add.
Lennox and co-founder James Stallworth wanted to address the need for affordable housing. They tried to do this in New York but ran into objections. However, Palo Alto doesn’t set a limit on renters in a single-family house. They also found a cooperative landlord.
“We told them about our concept and the benefits of it and how it would help people, and the landlord was interested,” Stallworth said.
The residents are all in their 20s, getting started in their careers or doing internships.
Luis Alsonso, a resident from Peru, loves having access to the kitchen. He says sleeping in a pod is fine.
“For me, I don’t need a big space. Every night, when I go to sleep, I need just one bed,” he said.
In a year, the idea for pod living went from a concept to affordable housing for 20 at two sites, financed mostly by savings and family.
“I don’t mind depleting my savings like this, as long as I’m able to bring this to the world. That’s all I really care about,” Lennox said.
The shared housing company is also operating in Bakersfield. They’re hoping to take their concept nationwide.
Copyright 2022 KGO via CNN Newsource. All rights reserved. | https://www.whsv.com/2022/05/03/pod-living-sees-14-people-living-one-home-cheaper-rent/ | 2022-05-03T06:01:58Z |
OSLO, Norway, May 3, 2022 /PRNewswire/ -- Aker Solutions' revenue and margins increased in the first quarter of 2022. The company delivered another quarter of solid performance and continued to demonstrate that it remains on track with its transformation and growth targets. Projects globally continued to progress well, tendering activity continues to be very high, and the market outlook remains positive.
1Q 2022 Financial Highlights
(excluding special items)
- Revenue NOK 8.3 billion
- EBITDA NOK 583 million
- EBITDA margin 7.0 percent
- Earnings per share NOK 0.39
- Net cash position NOK 3.3 billion
- Order intake NOK 7.0 billion (0.9x book-to-bill)
- Order backlog NOK 48.0 billion
"Our first-quarter results demonstrate that we continue on track with our strategy and targets, and I am pleased with our performance in the quarter. As we look ahead to the rest of 2022, we are on the path to deliver full-year revenue growth of more than 20 percent, with increased earnings," said Kjetel Digre, chief executive officer of Aker Solutions.
"The market outlook overall remains positive, despite uncertainties and supply chain constraints brought on by the recent and unfortunate geopolitical events. Aker Solutions is well positioned to capitalize on both near-term recovery and for the longer-term structural change in the energy markets," said Digre.
Key Developments
Revenue in the first quarter increased to NOK 8.3 billion from NOK 6.5 billion a year earlier. EBITDA excl. special items increased to NOK 583 million compared with NOK 427 million a year before.
During the quarter, Aker Solutions announced the acquisition of Rainpower, a leading hydropower technology company, to further strengthen its renewables offering. The company also successfully completed the previously announced acquisition of the Norwegian engineering company Unitech Power Systems, as well as a smaller acquisition of EPE Eigedom, which relates to acquisition of land at Aker Solutions' existing decommissioning yard at Stord, on the west coast of Norway.
Aker Solutions ended the first quarter with a net cash position of NOK 3.3 billion, excluding IFRS 16 lease liabilities, and the company's financial position is solid. On April 7, 2022, the Annual General Meeting approved a dividend of NOK 0.20 per share for the fiscal year 2021.
Outlook
The outlook remains positive for Aker Solutions and the company expects increased project sanctioning moving forward in regions and segments where it has a strong position, supporting its long-term growth targets.
The company continues to see a favorable oil and gas price backdrop, but also a dynamic operating environment. Global oil and gas supply is expected to remain constrained in the coming years and energy security to remain a priority. This should support continued high commodity prices. It is projected to lead to multiple years of spending growth from the company's customers across areas where Aker Solutions is relevant, both within oil and gas and renewables. Aker Solutions will also continue to monitor the supply chain situation proactively, given the current dynamic macro environment.
Overall, Aker Solutions is well positioned to capitalize on both near-term cyclical recovery and for the longer-term structural change in the energy markets. Based on the secured backlog and current market activity, 2022 revenue continues to be seen up by more than 20 percent from 2021. The underlying EBITDA margin, at this early stage of the year, continues to be seen up from 2021. The high ongoing FEED work and tendering activity supports the potential for record-high order intake in 2022-23 for Aker Solutions.
CONTACT:
Torbjørn Andersen, mob: +47 928 85 542, email: torbjorn.andersen@akersolutions.com
Investor Contact:
Fredrik Berge, mob: +47 450 32 090, email: fredrik.berge@akersolutions.com
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
View original content:
SOURCE Aker Solutions ASA | https://www.whsv.com/prnewswire/2022/05/03/aker-solutions-asa-first-quarter-results-2022/ | 2022-05-03T06:02:04Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of AbbVie Inc. ("AbbVie" or the "Company") (NYSE: ABBV). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether AbbVie and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On September 1, 2021, the United States Food and Drug Administration ("FDA") announced that final results from the safety trial of Xeljanz, an anti-inflammatory drug manufactured Pfizer Inc., established an increased risk of serious adverse events, even with low doses of Xeljanz. As a result, the FDA determined that it would require new and updated warnings for Xeljanz and Rinvoq, an anti-inflammatory drug manufactured by AbbVie, because Rinvoq "share[s] similar mechanisms of action with Xeljanz" and "may have similar risks as seen in the Xeljanz safety trial." The FDA also indicated that it would further limit approved indications for Rinvoq as a result of these safety concerns.
On this news, AbbVie's stock price fell $8.51 per share, or 7.04%, to close at $112.27 per share on September 1, 2021.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-abbvie-inc-abbv/ | 2022-05-03T06:02:10Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Amgen Inc. ("Amgen" or the "Company") (NASDAQ: AMGN). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Amgen and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On April 27, 2022, Amgen disclosed in its first quarter 2022 earnings release that "[o]n April 18, 2022, Amgen received a notice of deficiency from the [Internal Revenue Service ('IRS')] for the 2013-2015 period proposing adjustments primarily related to the allocation of profits between certain of the Company's entities in the United States and the U.S. territory of Puerto Rico" which "seeks to increase Amgen's U.S. taxable income for the 2013-2015 period by an amount that would result in additional federal tax of approximately $5.1 billion, plus interest." The Company also disclosed that the IRS "notice proposes penalties of approximately $2 billion." On this news, Amgen's stock price fell sharply during intraday trading on April 28, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-amgen-inc-amgn/ | 2022-05-03T06:02:17Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Arqit Quantum Inc. (f/k/a Centricus Acquisition Corp.) ("Arqit" or the "Company") (NASDAQ: ARQQ). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Arqit and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On April 18, 2022, The Wall Street Journal published a story entitled: "British Encryption Startup Arqit Overstates Its Prospects, Former Staff and Others Say." The Wall Street Journal reported, among other things, that "Arqit has given investors an overly optimistic view of its future revenue and the readiness and workability of its signature encryption system", citing "former employees and other people familiar with the company, and documents viewed." Specifically, "people familiar with the matter said that the bulk of [Arqit's] committed revenue isn't from selling its product and that at its public launch, [Arqit] had little more than an early-stage prototype of its encryption system. Several clients [Arqit] lists—including a number of British government agencies—are simply giving Arqit research grants, nonbinding memorandums of understanding or research agreements that come with no funding, not contracts for its encryption product, they said." The article also reported that "[i]n April 2021, Arqit's chief revenue officer resigned after raising concerns with [Arqit's CEO] that he was overstating contracts and giving unrealistic revenue projections to potential investors".
On this news, Arqit's stock price fell $4.61 per share, or 30.61%, over the following two trading sessions, to close at $10.45 per share on April 19, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-arqit-quantum-inc-fka-centricus-acquisition-corp-arqq/ | 2022-05-03T06:02:24Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Axsome Therapeutics, Inc. ("Axsome" or the "Company") (NASDAQ: AXSM). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Axsome and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On April 25, 2022, Axsome disclosed in a filing with the U.S. Securities and Exchange Commission that the U.S. Food and Drug Administration informed the Company on April 2, 2022 "that chemistry, manufacturing, and controls ('CMC') issues identified during the FDA's review of the Company's New Drug Application ('NDA') for its AXS-07 product candidate for the acute treatment of migraine are unresolved" and that "[b]ased upon the time remaining in the NDA review cycle, the Company expects to receive a Complete Response Letter with respect to this NDA on or about the Prescription Drug User Fee Act target action date of April 30, 2022."
On this news, Axsome's stock price fell $8.60 per share, or 21.99% percent, to close at $30.50 per share on April 25, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-axsome-therapeutics-inc-axsm/ | 2022-05-03T06:02:30Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Celsius Holdings, Inc. ("Celsius" or the "Company") (NASDAQ: CELH). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Celsius and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On March 1, 2022, Celsius disclosed that it could not timely file its 2021 annual report due to "staffing limitations, unanticipated delays and identified material errors in previous filings." Specifically, Celsius "determined that the calculation and expense of non-cash share-based compensation, related to grants of stock options and restricted stock units awarded to certain former employees and retired directors were materially understated for the three and six month periods ended June 30, 2021 and three and nine month periods ended September 30, 2021." As a result, management concluded that there was a material weakness in the Company's internal controls over financial reporting.
On this news, Celsius's stock price fell sharply during intraday trading on March 2, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-celsius-holdings-inc-celh/ | 2022-05-03T06:02:39Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Eliem Therapeutics, Inc. ("Eliem" or the "Company") (NASDAQ: ELYM). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Eliem and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On or around August 9, 2021, Eliem commenced its initial public offering ("IPO"), selling 7.36 million shares of common stock priced at $12.50 per share. Then, on April 25, 2022, Eliem issued a press release "report[ing] results from its Phase 2a clinical trial investigating ETX-810 for the treatment of diabetic peripheral neuropathic pain (DPNP)." Eliem disclosed that the trial did not meet the goal of reducing pain intensity, and that the company has chosen to delay enrollment in studies of ETX-155 in depression.
On this news, Eliem's stock price fell $3.63 per share, or 55.76% percent, to close at $2.88 per share on April 25, 2022, damaging investors.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-eliem-therapeutics-inc-elym/ | 2022-05-03T06:02:46Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of HUTCHMED (China) Limited ("Hutchmed" or the "Company") (NASDAQ: HCM). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Hutchmed and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On May 2, 2022, Hutchmed announced that the U.S. Food and Drug Administration ("FDA") rejected Hutchmed's application seeking approval of surufatinib to treat certain neuroendocrine tumors, noting that the data submitted did not support an approval and a multi-regional clinical trial is required.
On this news, Hutchmed's stock price fell $2.86 per share, or 18.95%, to close at $12.23 per share on May 2, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-hutchmed-china-limited-hcm/ | 2022-05-03T06:02:54Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Innovative Industrial Properties, Inc. ("IIPR" or the "Company") (NYSE: IIPR). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether IIPR and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On April 14, 2022, Blue Orca Capital ("Blue Orca") published a short report on IIPR, which it described as "a marijuana bank masquerading as a REIT." The Blue Orca reported asserted, among other things, that "[i]n the last 17 months . . . IIPR's loan book appears to have degraded significantly as the sector has become more competitive and IIPR stretched for lower quality tenants in search of continuing growth", that "IIPR's largest tenant is a failed SPAC that appears to be in severe financial distress and was recently sued by investors", and that "[u]nlike with other REITs, IIPR cannot expect to recover the lost income from defaulting tenants because it appears that the actual values of its properties are substantially below their carrying value on IIPR's balance sheet."
On this news, IIPR's stock price fell $13.76, or 7.50% to close at $169.68 per share on April 15, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 9980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-innovative-industrial-properties-inc-iipr/ | 2022-05-03T06:03:00Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of International Business Machines Corporation ("IBM" or the "Company") (NYSE: IBM). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether IBM and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On October 16, 2018, IBM issued a press release announcing its preliminary results for its third quarter of 2018. The Company reported revenue of $18.8 billion, down 2%, and slowing growth in its "Strategic Imperatives" line of business.
On this news, IBM's stock price fell $11.07 per share, or 7.6%, to close at $134.05 per share on October 17, 2018.
Then, on October 20, 2021, IBM issued a press release announcing its results for its third quarter of 2021. The Company announced total revenues for the quarter of $17.62 billion, a shortfall of $191.84 million based on analyst estimates. The main culprit was the Cloud & Cognitive Software segment, which had revenues of $5.69 billion, a shortfall of approximately $80 million based on analyst estimates of $5.77 billion. Over 42% of the shortfall of approximately $190 million was attributable to Cloud & Cognitive Software (including IBM's Watson business), the segment where most of the strategic revenue produced by the Company's reclassification of revenues from non-strategic to strategic historically went.
On this news, IBM's stock price fell $12.80 per share, or 9.56%, to close at $121.07 per share on October 21, 2021.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-international-business-machines-corporation-ibm/ | 2022-05-03T06:03:08Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of IronNet, Inc. ("IronNet" or the "Company") (NYSE: IRNT). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether IronNet and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On December 15, 2021, IronNet announced its financial results for the third quarter ended October 31, 2021 and issued revenue guidance for the coming year. For 2022, IronNet advised that the Company expected revenue of approximately $26 million, down sharply from previous guidance, issued in September 2021, in the range of $43 million to $45 million. On an earnings call later that day, the Company stated that "we and Sean Foster, our Chief Revenue Officer, have mutually agreed that he will depart our company at the end of December to pursue other opportunities." IronNet also admitted on the earnings call that, despite having first publicly issued IronNet's fiscal year 2022 guidance in March 2021, the Company did not have any confidence as to when substantial revenues underlying the guidance would actually come in.
On this news, IronNet's stock price fell $2.14 per share, or 31.47%, to close at $4.66 per share on December 16, 2021.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-ironnet-inc-irnt/ | 2022-05-03T06:03:15Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Li-Cycle Holdings Corp. ("Li-Cycle" or the "Company") (NYSE: LICY). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Li-Cycle and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On March 24, 2022, Blue Orca Capital published a report (the "Report") characterizing the Company as "a near fatal combination of stock promotion, laughable governance, a broken business hemorrhaging cash, and highly questionable Enron-like accounting." According to the Report, "Li-Cycle recognizes revenues using an Enron-like mark-to-model accounting gimmick.
Li-Cycle recognizes revenues months prior to the actual sales of its recycled black mass, based on its own provisional estimate of the future value of the product. This accounting treatment is plainly vulnerable to abuse, giving Li-Cycle discretion over its reported revenues. We suspect that under this framework, LiCycle marks up the value of its receivables on unsold products and runs the gains through its revenue line."
On this news, Li-Cycle's stock price fell $0.47 cents per share, or 5.60% to close at $7.93 per share on March 24, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-li-cycle-holdings-corp-licy/ | 2022-05-03T06:03:22Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Lilium N.V. f/k/a Qell Acquisition Corp. ("Lilium" or the "Company") (NASDAQ: LILM; QELL). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Lilium and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On March 14, 2022, Iceberg Research published a short report entitled "Lilium NV – The Losing Horse in the eVTOL [electric vertical take-off and landing aircraft] Race" (the "Iceberg Report"). The Iceberg Report asserted, among other issues, that "[m]any experts have raised serious doubts about" the viability of the Company's Lilium Jet reaching its objective of "fly[ing] up to 155 miles[,]" citing "its configuration of 36 ducted fans (recently reduced to 30) that devour power during takeoff and landing (hovering), and leaves little power for actual flight." The Iceberg Report also noted that while "Lilium promises its Jet has ready access to battery cells with energy density of 320-330 Wh/kg[,]" "[o]ne of the sources it relies on to show these batteries are within reach is . . . a 34.8% Lilium-owned associated company whose CEO Sujeet Kumar was accused by General Motors of misrepresenting battery performance, while at his previous company Envia Systems." The Iceberg Report further noted that Lilium's Chief Executive Officer "had no meaningful professional aerospace experience before starting Lilium in 2015" and "estimate[d] that Lilium has about 18 months before its cash runs dry."
On this news, Lilium's stock price fell $1.25 per share, or 33.88%, to close at $2.44 per share on March 14, 2022.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-lilium-nv-fka-qell-acquisition-corp-lilm-qell/ | 2022-05-03T06:03:28Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Lyft, Inc. ("Lyft" or the "Company") (NASDAQ: LYFT). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Lyft and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On April 29, 2022, post-market, Lyft filed a Form 8-K with the United States Securities and Exchange Commission which advised that "[a]s part of preparing the Q1'22 consolidated financial statements of Lyft, Inc. [. . .] an error was identified related to the accounting of losses ceded under the Quota Share Reinsurance Agreement [. . .] with DARAG Bermuda LTD [. . .], under which DARAG reinsured a legacy portfolio of auto insurance policies." The Form 8-K further advised that "[a]s a result of this error, on April 28, 2022, the Audit Committee [. . .] of the Board of Directors of Lyft, after discussion with the Company's management, concluded that Lyft's consolidated financial statements as of and for the year ended December 31, 2021 - and the related audit report of PricewaterhouseCoopers LLP - included in its 2021 Annual Report on Form 10-K [. . .] as well as the Company's condensed consolidated financial statements as of and for the quarter ended September 30, 2021 (and for the nine months then ended) included in its Q3'21 Form 10-Q should no longer be relied upon." Finally, the Form 8-K revealed that "[a]s a result of this restatement, Lyft's management has re-evaluated the effectiveness of the Company's disclosure controls and procedures as well as its internal control over financial reporting as of December 31, 2021. Management has concluded that the Company's disclosure controls and procedures were not effective as of September 30, 2021 and December 31, 2021, and its internal control over financial reporting was not effective as of December 31, 2021."
On this news, Lyft's stock price fell $1.10 per share, or 3.37%, to close at $31.50 per share on May 2, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-lyft-inc-lyft/ | 2022-05-03T06:03:34Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Meta Platforms, Inc. f/k/a Facebook, Inc. ("Meta" or the "Company") (NASDAQ: FB). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Meta and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
In June 2020, Apple Inc. ("Apple") announced significant changes to the iOS operating software that runs iPhones (and iPads). These changes would essentially cut off Meta's Facebook platform and its sister services from almost all the tracking and targeting abilities and information necessary to sell targeted ads as they had done for many years. Then, on February 2, 2022, Meta released weak Q4 2021 financial results and provided disappointing 2022 revenue guidance. During the related earnings call, the Company disclosed that its mitigation efforts in fact had not rendered the effects of the iOS changes "manageable." Instead, Meta's advertising business would suffer a shattering $10 billion revenue hit from the iOS privacy changes. Meta also attributed its weak results and guidance on the slowing user growth due to competition from TikTok.
Following these admissions, Meta's stock price fell $85.24 per share, or 26.39%, to close at $237.76 per share on February 3, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-meta-platforms-inc-fka-facebook-inc-fb/ | 2022-05-03T06:03:38Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Molecular Partners AG ("Molecular Partners" or the "Company") (NASDAQ: MOLN). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Molecular Partners and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On or around June 16, 2021, Molecular Partners conducted its U.S. initial public offering ("IPO"), offering 3 million American Depositary Shares ("ADS") priced at $21.25 per ADS. Then, on April 26, 2022, Molecular Partners issued a press release "announc[ing] that Amgen, its collaboration partner for MP0310 (AMG 506), has informed the Company of their decision to return global rights of MP0310 to Molecular Partners following a strategic pipeline review" and that "Molecular Partners is presently conducting a phase 1 study of MP0310 and will look to present full phase 1 data at a scientific conference when available." The press release further stated that "[u]nder the agreement with Amgen, following Phase 1 data, Amgen would have had the right to progress the program into later stage development, including into combination trials." On this news, Molecular Partners' ADS price fell sharply during intraday trading on April 27, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-molecular-partners-ag-moln/ | 2022-05-03T06:03:44Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Natera, Inc. ("Natera" or the "Company") (NASDAQ: NTRA). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Natera and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On January 1, 2022, The New York Times published a detailed report calling into question the accuracy of certain prenatal tests manufactured by Natera and other diagnostic testing companies. Among other things, The New York Times reported that Natera's positive results for several genetic disorders were incorrect more than 80 percent of the time.
On this news, the price of Natera common stock fell $5.35 per share, or approximately 6% over two trading days, from a close of $93.39 per share on December 31, 2021, to close at $88.04 per share on January 4, 2022.
Less than two weeks later, on January 14, 2022, the Campaign for Accountability— a nonprofit watchdog group—filed a complaint with the U.S. Securities and Exchange Commission requesting an investigation as to whether "Natera repeatedly claimed – in marketing materials and earnings calls – that [its] tests are much more reliable than it appears they really are."
On this news, the price of Natera common stock fell $6.29 per share, or more than 9%, from a close of $67.37 per share on January 14, 2022, to close at $61.08 per share on January 18, 2022.
Then, on March 9, 2022, Hindenburg Research ("Hindenburg") issued an investigative report (the "Hindenburg Report") alleging, among other things, that "Natera's revenue growth has been fueled by deceptive sales and billing practices aimed at doctors, insurance companies and expectant mothers."
On this news, the price of Natera common stock fell as much as $28.65 per share, or more than 52%, from a close of $54.75 per share on March 8, 2022, to an intra-day low of $26.10 per share on March 9, 2022.
On March 14, 2022, a jury found that Natera had intentionally and willfully misled the public by utilizing false advertisements to market Prospera in violation of the federal Lanham Act, the Delaware Deceptive Trade Practices Act, and Delaware common law. Among other things, the jury found that Natera's marketing falsely claimed that Prospera was more accurate than the competing kidney transplant testing offered by CareDx, Inc. ("CareDx"). Ultimately, the jury awarded CareDx $44.9 million in monetary damages.
On this news, Natera common stock fell as much as $8.81 per share, or approximately 22.5%, from an intra-day high of $39.13 per share on March 14, 2022, to close at $30.32 per share on March 15, 2022.
On April 19, 2022, the U.S. Food and Drug Administration ("FDA") issued a safety communication "to educate patients and health care providers and to help reduce the inappropriate use of" non-invasive prenatal tests ("NIPTs"). The FDA cautioned that statements about NIPTs' reliability and accuracy "may not be supported with sound scientific evidence" and revealed the existence of "cases where a screening test reported a genetic abnormality and a confirmatory diagnostic test later found that the fetus was healthy." The FDA suggested that patients discuss benefits and risks with a healthcare provider before deciding to undergo NIPT or making any pregnancy-related decisions on the basis of NIPT results. In addition, the FDA advised health care providers that they should not rely on NIPT results alone to diagnose chromosomal abnormalities or disorders.
On this news, the price of Natera common stock fell as much as $1.53 per share, or approximately 3.9%, from an intra-day high of $39.63 per share on April 19, 2022, to close at $38.10 per share on April 20, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-natera-inc-ntra/ | 2022-05-03T06:03:51Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of PLAYSTUDIOS, Inc. ("Playstudios" or the "Company") (NASDAQ: MYPS). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Playstudios and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On February 1, 2021, Acies Acquisition Corp., a special purpose acquisition company, announced that it had reached a merger agreement with Playstudios, a privately-held gaming company incorporated under the laws of Delaware (the "Merger"). On June 21, 2021, Playstudios announced that it had completed the Merger and that the Company would begin trading on the Nasdaq as "PLAYSTUDIOS, Inc." on June 22, 2021.
On August 11, 2021, Playstudios released its financial results for the second quarter of 2021. The financial results reported for the quarter were finalized on June 30, 2021, just nine days after the Merger closed. At that time, Playstudios revealed for the first time that the launch of its flagship game, Kingdom Boss, was being delayed until later in the year and investors should expect decreased revenues and profits during the year as a result.
On this news, Playstudios' stock price fell $0.66 per share, or 11.48%, to close at $5.09 per share on August 12, 2021.
Then, on February 24, 2022, Playstudios issued a press release summarizing its financial results for the fourth quarter and year ended December 31, 2021, and held an earnings call to discuss the Company's results. On that call, Playstudios' Chief Executive officer attributed the Company's failure to meet projections made for revenue and earnings to the failure to launch Kingdom Boss, and revealed that Kingdom Boss was not only delayed, but indefinitely "suspended".
On this news, Playstudios' stock price fell $0.24 per share, or 4.71%, to close at $4.86 per share on February 25, 2022, and continued to fall to $3.90 per share on March 1, 2022, or a total decline of 23.53%.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-playstudios-inc-myps/ | 2022-05-03T06:03:58Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Prudential Financial, Inc. ("Prudential" or the "Company") (NYSE: PRU). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Prudential and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On April 29, 2022, the Wall Street Journal published an article entitled "How Prudential's Big Tech Bet Went Sour." The article reported on Prudential's $2.3 billion acquisition of Assurance IQ in late 2019, stating that "[t]he deal for Assurance IQ has badly missed its financial targets and left Prudential facing questions from regulators." Specifically, the article stated that "Prudential disclosed in a February filing that it had received a government subpoena and other inquiries 'related to the appropriateness of Assurance IQ's supplemental health product sales and marketing activity.'"
On this news, Prudential's stock price fell $3.61 per share, or 3.22%, to close at $108.51 per share on April 29, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-prudential-financial-inc-pru/ | 2022-05-03T06:04:05Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Stronghold Digital Mining, Inc. ("Stronghold" or the "Company") (NASDAQ: SDIG). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Stronghold and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On or around October 20, 2021, Stronghold conducted its initial public offering ("IPO"), selling 7,690,400 shares of Class A common stock priced at $19.00 per share. On March 29, 2022, Stronghold announced its fourth quarter and full year 2021 financial results. The Company reported a net loss of $0.52 per share for the quarter, below analyst estimates of $0.04 earnings per share, with Stronghold's Chief Executive Officer citing "significant headwinds in our operations which have materially impacted recent financial performance."
On this news, Stronghold's stock price fell $3.28 per share, or roughly 32%, to close at $6.97 per share on March 30, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-stronghold-digital-mining-inc-sdig/ | 2022-05-03T06:04:13Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Teladoc Health, Inc. ("Teladoc" or the "Company") (NYSE: TDOC). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Teladoc and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On April 27, 2022, Teladoc announced its first quarter 2022 financial results, including revenue of $565.4 million, which missed consensus estimates by $3.23 million, and "[n]et loss per share of $41.58, primarily driven by [a] non-cash goodwill impairment charge of $6.6 billion or $41.11 per share[,]" prompting multiple analyst downgrades on the Company's stock. On this news, Teladoc's stock price fell sharply during intraday trading on April 28, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-teladoc-health-inc-tdoc/ | 2022-05-03T06:04:20Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Twitter, Inc. ("Twitter" or the "Company") (NYSE: TWTR). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Twitter and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On April 4, 2022, Elon Musk ("Musk") disclosed in a U.S. Securities and Exchange Commission ("SEC") filing that he owned 9.2% of Twitter stock. On this news, Twitter's stock price rose $10.66 per share, or 27.12%, to close at $49.97 per share on April 4, 2022.
Then, on April 5, 2022, in another SEC filing, Musk disclosed that he had purchased more than 5% of Twitter stock on March 14, 2022, which, per applicable SEC rules, should have been disclosed by March 24, 2022. The same April 5, 2022 filing also indicated that Musk had acquired approximately 13.1 million Twitter shares at an average price of $39.06 per share after March 24, 2022, and before Twitter's stock price rose to $49.97 per share on April 4, 2022, thereby potentially saving him millions of dollars at the expense of other investors that could have sold their Twitter stock at a higher price, had they been similarly and timely informed of Musk's large stake in the Company.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-twitter-inc-twtr/ | 2022-05-03T06:04:29Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Volta Inc. ("Volta" or the "Company") (NYSE: VLTA). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Volta and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On March 28, 2022, Volta announced that both of its co-founders had resigned—namely, the Company's Chief Executive Officer and President, both of whom served as Directors of the Company.
On this news, Volta's stock price fell $0.76 per share, or 18.4%, to close at $3.37 per share on March 28, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-volta-inc-vlta-vlta-ws/ | 2022-05-03T06:04:36Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Aurinia Pharmaceuticals Inc. ("Aurinia" or the "Company") (NASDAQ: AUPH) and certain of its officers. The class action, filed in the United States District Court for the Eastern District of New York, and docketed under 22-cv-02185, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Aurinia securities between May 7, 2021 and February 25, 2022, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
If you are a shareholder who purchased or otherwise acquired Aurinia securities during the Class Period, you have until June 14, 2022 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
Aurinia is a biopharmaceutical company that develops and commercializes therapies to treat various diseases with unmet medical need in Japan and the People's Republic of China. The Company's only product is LUPKYNIS, which it offers for the treatment of adult patients with active lupus nephritis.
The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Aurinia was experiencing declining revenues; (ii) Aurinia's 2022 sales outlook for LUPKYNIS would fall well short of expectations; (iii) accordingly, the Company had significantly overstated LUPKYNIS's commercial prospects; (iv) as a result, the Company had overstated its financial position and/or prospects for 2022; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
On February 28, 2022, Aurinia issued a press release announcing its financial results for the quarter and full year ended December 31, 2021. Among other items, Aurinia reported a year-over-year revenue decline and announced a lower-than-expected sales outlook for 2022.
On this news, Aurinia's common share price fell $3.94 per share, or 24.26%, to close at $12.30 per share on February 28, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-their-investment-aurinia-pharmaceuticals-inc-class-action-lawsuit-upcoming-deadline-auph/ | 2022-05-03T06:04:42Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Bakkt Holdings, Inc. ("Bakkt" or the "Company") f/k/a VPC Impact Acquisition Holdings ("VIH") (NYSE: BKKT; BKKT WS) (NASDAQ: VIHAU; VIH; VIHAW) and certain of its former officers and directors. The class action, filed in the United States District Court for the Eastern District of New York and docketed under 22-cv-02283, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired: (a) Bakkt securities between March 31, 2021 and November 19, 2021, both dates inclusive (the "Class Period"); and/or (b) Bakkt Class A common stock pursuant and/or traceable to the Offering Documents issued in connection with the business combination between the Company and Bakkt Holdings, LLC ("Legacy Bakkt") completed on or about October 15, 2021 (the "Business Combination"). Plaintiff pursues claims against the Defendants under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act").
If you are a shareholder who purchased or otherwise acquired Bakkt securities during the Class Period, or Bakkt Class A common stock pursuant and/or traceable to the Offering Documents issued in connection with the Business Combination (defined above), you have until June 20, 2022 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
Bakkt was formerly known as "VPC Impact Acquisition Holdings" and operated as a special purpose acquisition company (SPAC), also called a blank-check company, which is a development stage company that has no specific business plan or purpose or has indicated its business plan is to engage in a merger or acquisition with an unidentified company or companies, other entity, or person.
On January 11, 2021, the Company and Legacy Bakkt announced entry into a definitive agreement for the Business Combination that would result in Legacy Bakkt becoming a publicly traded company with an enterprise value of approximately $2.1 billion.
On March 31, 2021, the Company filed a registration statement on Form S-4 with the U.S Securities and Exchange Commission ("SEC") in connection with the Business Combination, which, after several amendments, was declared effective by the SEC on September 17, 2021 (the "Registration Statement"). Also on September 17, 2021, the Company filed a proxy statement and prospectus on Form 424B3 with the SEC in connection with the Business Combination, which formed part of the Registration Statement (the "Proxy" and, together with the Registration Statement, the "Offering Documents").
On or about October 15, 2021, the Company and Legacy Bakkt completed the Business Combination pursuant to the Offering Documents. Thereafter, the Company changed its name to "Bakkt Holdings, Inc." and began operating a digital asset platform that enables consumers to buy, sell, convert, and spend digital assets.
The complaint alleges that the Offering Documents were negligently prepared and, as a result, contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading and were not prepared in accordance with the rules and regulations governing their preparation, and that throughout the Class Period Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, the Offering Documents and Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company had defective financial controls; (ii) as a result, there were errors in the Company's financial statements related to the misclassification of certain shares issued prior to the Business Combination; (iii) accordingly, the Company would need to restate certain of its financial statements; (iv) the Company downplayed the true scope and severity of these issues; (v) the Company overstated its remediation of its defective financial controls; and (vi) as a result, the Offering Documents and Defendants' public statements throughout the Class Period were materially false and/or misleading and failed to state information required to be stated therein.
On May 17, 2021, Bakkt—then still operating as VIH—notified the SEC of its inability to timely file its quarterly report for the quarter ended March 31, 2021. Specifically, the Company advised that, as a result of a statement issued by the SEC, "the Company reevaluated the accounting treatment of its public warrants and private placement warrants" and "is currently determining the extent of the SEC Statement's impact on its financial statements[.]"
On this news, the Company's share price fell $0.13 per share, or 1.26%, to close at $10.18 per share on May 18, 2021.
Then, on October 13, 2021, the Company disclosed in an SEC filing that it had also previously failed to properly account for the classification of its Class A ordinary shares and "adjust[ed] . . . the initial carrying value of the Class A ordinary shares subject to possible redemption with the offset recorded to additional paid-in capital (to the extent available), accumulated deficit and Class A ordinary shares." Notably, the Company revised its balance sheet as of December 31, 2020, including, among other changes, additional paid-in capital that was reduced from $9,860,338 to nil, an accumulated deficit that ballooned from $4,861,190 to $29,250,419, and total shareholders' equity of $5,000,009 that swung to a total shareholders' deficit of $29,249,901.
Following these additional disclosures, the Company's share price fell $0.47 per share, or 4.73%, to close at $9.46 per share on October 14, 2021.
Finally, on November 22, 2021, Bakkt disclosed in another SEC filing that the Company's management "has re-evaluated . . . the accounting classification of the Class A ordinary shares . . . of [VIH] . . . and has identified errors in the historical financial statements of VIH . . . related to the misclassification . . . of the Class A Ordinary Shares prior to the [Business Combination]." Specifically, the Company found that, as a result of errors in its condensed consolidated financial statements for the year ended December 31, 2020, and the quarterly periods ended March 31, 2021, June 30, 2021 and September 30, 2021, Bakkt should "restate certain of VIH's condensed consolidated financial statements from" those periods.
On this news, Bakkt's stock price fell $2.70 per share, or 13.69%, to close at $17.02 per share on November 22, 2021.
As of the time the complaint was filed, Bakkt's Class A common stock was trading between $4 to $5 per share and continues to trade below its initial value from the Business Combination, damaging investors.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-their-investment-bakkt-holdings-inc-fka-vpc-impact-acquisition-holdings-class-action-lawsuit-upcoming-deadline-bkkt-bkkt-ws-vihau-vih-vihaw/ | 2022-05-03T06:04:49Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Cano Health, Inc. ("Cano" or the "Company") f/k/a Jaws Acquisition Corp. ("Jaws") (NYSE: CANO; CANO/WS; JWS; JWS.U; JWS WS) and certain of its officers. The class action, filed in the United States District Court for the Southern District of Florida, and docketed under 22-cv- 20827, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Cano securities between May 18, 2020 and February 25, 2022, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
If you are a shareholder who purchased or otherwise acquired Cano securities during the Class Period, you have until May 17, 2022 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
Cano provides primary care medical services to its members in the United States and Puerto Rico. The Company owns and operates medical centers, as well as operates pharmacies.
Cano used to be a special purpose acquisition company ("SPAC") and operated under the name "Jaws Acquisition Corp." A SPAC, also called a blank-check company, is a development stage company that has no specific business plan or purpose or has indicated its business plan is to engage in a merger or acquisition with an unidentified company or companies, other entity, or person. On June 3, 2021, Jaws consummated a merger with Primary Care (ITC) Intermediate Holdings, LLC, whereby, among other things, Jaws changed its name to "Cano Health, Inc." and began to provide primary care medical services (the "Business Combination").
As a publicly traded company, Cano must adhere to strict financial reporting requirements by, among other things, timely filing periodic financial reports with the U.S. Securities and Exchange Commission and complying with Financial Accounting Standards Board guidelines, including Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606) ("ASC 606"). Particularly, under ASC 606, Cano must analyze its revenue recognition with respect to, inter alia, certain Medicare risk adjustments.
The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Cano overstated its due diligence efforts and expertise with respect to acquiring target businesses; (ii) accordingly, Cano performed inadequate due diligence into whether the Company, post-Business Combination, could properly account for the timing of revenue recognition as prescribed by ASC 606, particularly with respect to Medicare risk adjustments; (iii) as a result, the Company misstated its capitated revenue, direct patient expense, accounts receivable, net of unpaid service provider costs, and accounts payable and accrued expenses; (iv) accordingly, the Company was at an increased risk of failing to timely file one or more of its periodic financial reports; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
On February 28, 2022, Cano issued a press release "announc[ing] it will delay its fourth quarter and full year 2021 earnings release, conference call and 2022 guidance updates, previously scheduled for Monday, February 28, 2022." In explaining the delay, Cano advised that "in the course of finalizing its audit of the financial statements for the year ended December 31, 2021, the Company and its independent auditor . . . identified certain potential non-cash adjustments to account for revenue recognition under accounting standard ASC 606." Specifically, Cano advised that "[t]he adjustments relate to how and when the Company accrues revenue related to Medicare Risk Adjustments" and that "[t]he adjustments are expected to impact the timing of revenue recognition, by delaying recognition of certain amounts related to the Medicare Risk Adjustment to subsequent periods[.]"
On this news, Cano's Class A common stock price fell $0.32 per share, or 6.17%, to close at $4.87 per share on February 28, 2022.
On March 14, 2022, Cano filed its annual report for the quarter and year ended December 31, 2021 (the "2021 10-K"). That filing stated, inter alia, that "[t]he correction in the timing of revenue recognition under ASC 606 resulted in adjustments to capitated revenue, direct patient expense, accounts receivable, net of unpaid service provider costs, and accounts payable and accrued expenses[,]" and that the Company therefore "restated its financial statements for each of the quarterly periods ended March 31, 2021, June 30, 2021 and September 30, 2021 in the [2021 10-K.]" For example, the 2021 10-K reported that, as restated, capitated revenue decreased 2.13% for the three months ended March 31, 2021; 13.11% for the three months ended June 30, 2021; and 5.58% for the three months ended September 30, 2021.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-their-investment-cano-health-inc-fka-jaws-acquisition-corp-class-action-lawsuit-upcoming-deadline-cano-canows-jws-jwsu-jws-ws/ | 2022-05-03T06:04:56Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Embark Technology, Inc. f/k/a Northern Genesis Acquisition Corp. II ("Embark" or the "Company") (NASDAQ: EMBK; EMBKW) (NYSE: NGAB.U; NGAB; NGAB WS) and certain of its officers. The class action, filed in the United States District Court for the Northern District of California, and docketed under 22-cv-02090, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Embark securities between January 12, 2021 and January 5, 2022, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
If you are a shareholder who purchased or otherwise acquired Embark securities during the Class Period, you have until May 31, 2022 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
Embark develops self-driving software solutions for the trucking industry in the U.S. The Company was originally a special purpose acquisition company, also called a blank-check company, which is a development stage company that has no specific business plan or purpose or has indicated its business plan is to engage in a merger or acquisition with an unidentified company or companies, other entity, or person.
On November 10, 2021, the Company consummated a merger transaction with Embark Trucks Inc., a Delaware corporation ("Legacy Embark"), whereby, among other things, the Company changed its name from "Northern Genesis Acquisition Corp. II" to "Embark Technology, Inc." (the "Business Combination").
The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company had performed inadequate due diligence into Legacy Embark; (ii) Legacy Embark and the Company following the Business Combination held no patents and an insignificant amount of test trucks; (iii) accordingly, the Company had overstated its operational and technological capabilities; (iv) as a result of all the foregoing, the Company had overstated the business and financial prospects of the Company post-Business Combination; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
On January 6, 2022, The Bear Cave published a short report entitled "Problems at Embark Technology (EMBK)" (the "Bear Cave Report"). The Bear Cave Report alleged, among other issues, "that Embark appears to lack true economic substance" and that its "current evaluation appears to be based on puffery rather than actual substance", noting that "[t]he company holds no patents, has only a dozen or so test trucks, and may be more bark than bite."
On this news, Embark's stock price fell $1.37 per share, or 16.75%, to close at $6.81 per share on January 6, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-their-investment-embark-technology-inc-fka-northern-genesis-acquisition-corp-ii-class-action-lawsuit-upcoming-deadline-embk-embkw-ngabu-ngab-ngab-ws/ | 2022-05-03T06:05:02Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against FAT Brands. Inc. ("FAT Brands" or the "Company") (NASDAQ: FAT; FATBB; FATBP; FATBW) and certain of its officers. The class action, filed in the United States District Court for the Central District of California, and docketed under 22-cv-02541, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired publicly traded FAT Brands securities between December 4, 2017 and February 18, 2022, inclusive (the "Class Period"). Plaintiff seeks to recover compensable damages caused by Defendants' violations of the federal securities laws under the Securities Exchange Act of 1934 (the "Exchange Act").
If you are a shareholder who purchased or otherwise acquired FAT Brands securities during the Class Period, you have until May 17, 2022 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
FAT Brands purports to be a franchising company which acquires, develops, and markets quick-service, fast casual, and casual dining restaurant concepts including the brands of: Fatburger, Johnny Rockets, Twin Peaks, Fazoli's, Buffalo's Cafe, Buffalo's Express, Ponderosa Steakhouse, Bonanza Steakhouse, Hurricane Grill & Wings, Yalla Mediterranean, and Elevation Burger.
The complaint alleges that, throughout the Class Period, statements made by Defendants were materially false and/or misleading because they misrepresented and failed to disclose the following adverse facts pertaining to the Company's business, operational and financial results, which were known to Defendants or recklessly disregarded by them. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company, Andrew Wiederhorn, FAT Brands' Chief Executive Officer ("CEO") and President, and members of his family ("Wiederhorns") engaged in transactions "for no legitimate corporate purpose"; (2) the Company ignored warning signs relating to transactions with Wiederhorns; (3) as a result, the Company was likely to face increased scrutiny, investigations, and other potential issues; (4) certain executives, who are touted as critical to the Company's success, were at great risk of scrutiny—potentially, at least in part, due to the Company's actions; (5) the Company's touted CEO and Chief Operating Officer were under investigation regarding transactions with the Company; and (6) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.
On Saturday February 19, 2022, the Los Angeles Times published an article entitled "Family behind Fatburger under investigation for alleged fraud, money laundering, records show" which revealed the investigations into Defendant Wiederhorn and his son and Company COO Thayer Wiederhorn in connection with the Company.
On February 22, 2022 before trading hours, the Company filed with the U.S Securities and Exchange Commission a Form 8-K, in which the Company announced the following, in relevant part, regarding the investigation: … [t]he U.S. Attorney's Office for the Central District of California (the "U.S. Attorney") and the U.S. Securities and Exchange Commission informed the Company in December 2021 that they have opened investigations relating to the Company and our Chief Executive Officer, Andrew Wiederhorn, and are formally seeking documents and materials concerning, among other things, the Company's December 2020 merger with Fog Cutter Capital Group Inc., transactions between these entities and Mr. Wiederhorn, and compensation, extensions of credit and other benefits or payments received by Mr. Wiederhorn or his family.
On this news, FAT Brands' class A common stock price fell $2.42 per share, or 23%, to close at $8.14 per share on February 22, 2022, on unusually heavy trading volume, damaging investors.
On this news, FAT Brands' class B common stock price fell $1.83 per share, or 17%, to close at $8.89 per share on February 22, 2022, on unusually heavy trading volume, damaging investors.
On this news, FAT Brands' preferred stock price fell $5.36 per share, or 30%, to close at $12.37 per share on February 22, 2022, on unusually heavy trading volume, damaging investors.
On this news FAT Brands' warrants' price fell $2.41, or 35%, to close at $4.47 per warrant on February 22, 2022, on unusually heavy trading volume, damaging investors.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-their-investment-fat-brands-inc-class-action-lawsuit-upcoming-deadline-fat-fatbb-fatbp-fatbw/ | 2022-05-03T06:05:09Z |
- Revenue for the quarter grew 32.8% to $6.64 million compared to $5.00 million in the prior year
- Production volume for the quarter grew 191% to 26.5 million cans compared to 9.1 million cans the prior year
- Completed the acquisition of Land and Sea in Grand Rapids, MI
- Completed C$22 million of equity financing and C$20 million of debt financing
- Kim Murray appointed to the Board of Directors
- Revenue for the year of $28.3 million
- Gross Profit for the year of $1.6 million
- Total facility footprint up 200%, opened and acquired a total of 4 new facilities
- Added 2 new verticals: sleeve/label printing and brokering packaging materials
- Commissioned and installed the first print production line and 2 additional decoration production lines
- Exited 2021 with production yields above 90%
- Key additions to management and leadership: Chuck Zadlo appointed COO, appointed 2 new Directors to the Board and 1 new Board Advisor
- Successfully listed for trading on the TSX Venture Exchange
- Completed equity financing of C$36 million, and debt financing of C$40 million
VANCOUVER, BC, May 3, 2022 /PRNewswire/ - Wildpack Beverage Inc. (TSXV: CANS) (OTCQB: WLDPF) ("Wildpack" or the "Company") announces audited financial results for the year ending December 31, 2021. All currencies referenced herein are US Dollars, unless otherwise indicated. Reference to "C$" refers to Canadian dollars.
"2021 was a foundational year for Wildpack," commented CEO, Mitch Barnard. "At inception, we viewed Wildpack as a one-stop network of beverage co-packing facilities, solving for the principal challenges faced by middle market beverage brands of vendor fragmentation, shipping costs, manufacturing capacity and access to aluminum cans. In 2021, we hit all milestones toward achieving that vision."
Wildpack expects 2022 total revenue to be $75-85 million and throughput to be 300 million can and can equivalents. Commencing in fiscal year 2022 we will begin to present brokering volume separately.
Wildpack will host a webcast today to discuss financial results for the year ended December 31, 2021, with CEO, Mitch Barnard, CFO, Ryan Mason, Chief Growth Officer, Thomas Walker, and COO, Chuck Zadlo.
Presentation Details:
Date: May 3, 2022
Time: 8:30am ET (5:30am PT)
Registration: Online Registration
HAVE QUESTIONS? Management will be available to answer your questions following the presentation on the webinar platform. You may submit your question(s) beforehand in the registration form or by email: invest@wildpackbev.com.
This news release should be read in conjunction with the Company's audited consolidated Financial Statements and Management's Discussion and Analysis for the twelve-month period ended December 31, 2021.
Per: "Mitch Barnard"
Mitch Barnard
Chief Executive Officer and Director
Wildpack is engaged in beverage manufacturing and packaging, operating in the middle market by providing sustainable aluminum can filling, decorating, packaging, and sleeve and label printing services to brands throughout the United States. Wildpack currently operates indirectly through its wholly owned subsidiaries and out of facilities in Baltimore, Maryland, Grand Rapids, Michigan, Atlanta, Georgia, Longmont, Colorado, Sacramento, California and Las Vegas, Nevada with a focus on digital innovation and green ready-to-drink packaging. Wildpack commenced trading on May 19, 2021, on the TSX Venture Exchange under the symbol "CANS" and commenced trading on February 23, 2022, on the OTCQB® Venture Market under the symbol "WLDPF".
This news release may contain "forward-looking statements" within the meaning of applicable Canadian securities laws, including, but not limited to, statements with respect to Wildpack's plans, financial performance and operating performance, anticipated growth in co-packing business, the estimation of revenue, the timing and targets of M&A activity, costs, future capital expenditures, and the success of integration. Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive risks including but not limited to: risks related to the successful integration of acquisitions; risks related to operations; risks related to general economic conditions and credit availability, ability to obtain sufficient and suitable financing, actual results of current production and decorating, fluctuations in prices of aluminum; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the co-packaging industry; delays in the completion of capex activities, changes in national and local government regulation of manufacturing operations and labour laws in light of the current COVID pandemic, tax rules and regulations, and political and economic developments where Wildpack operates. These statements generally can be identified by the use of forward-looking words such as "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance, or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Forward-looking statements expressed or implied by Wildpack are subject to a number of risks, uncertainties, and conditions, many of which are outside of Wildpack's control, and undue reliance should not be placed on such statements. Although Wildpack has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors thatbevecause results not to be as anticipated, estimated or intended. Forward-looking statements are qualified in their entirety by the inherent risks and uncertainties related to Wildpack's business, including that Wildpack's assumptions in making forward-looking statements may prove to be incorrect; delays in filing of financial information; adverse market conditions; risks inherent in the beverage manufacturing and packaging sector in general; that future results may vary from historical results; and competition in the markets where Wildpack operates. Except as required by securities law, Wildpack does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View original content to download multimedia:
SOURCE Wildpack Beverage Inc. | https://www.whsv.com/prnewswire/2022/05/03/wildpack-announces-year-end-2021-financial-results/ | 2022-05-03T06:05:17Z |
...HIGH SURF ADVISORY FOR SOUTH FACING SHORES OF ALL ISLANDS
THROUGH 6 PM HST THURSDAY...
.Several pulses of long-period south swell are expected to arrive
over the next couple of days.
...HIGH SURF ADVISORY IN EFFECT UNTIL 6 PM HST THURSDAY...
* WHAT...Surf up to 10 feet.
* WHERE...South facing shores of all islands.
* WHEN...Until 6 PM HST Thursday.
* IMPACTS...Moderate. Expect strong breaking waves, shore break,
and strong longshore and rip currents making swimming difficult
and dangerous.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Beachgoers, swimmers, and surfers should heed all advice given by
ocean safety officials and exercise caution.
&&
Weather Alert
...SMALL CRAFT ADVISORY REMAINS IN EFFECT UNTIL 6 AM HST
TUESDAY...
* WHAT...East to northeast winds 20 to 25 kt...up to 30 kt over
the Alenuihaha Channel. Seas 7 to 10 feet.
* WHERE...All Hawaiian Coastal Waters.
* WHEN...Until 6 AM HST Tuesday.
* IMPACTS...Conditions will be hazardous to small craft.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Inexperienced mariners, especially those operating smaller
vessels, should avoid navigating in these conditions.
&&
United Airlines Workers Drape a 75 Foot Lei Over Boeing Jet
United Airlines is celebrating 75 years today of serving The Hawaiian Islands. KITV4 was at the celebration today at The Daniel K. Inouye International Airport to mark the big anniversary.
United's first flight to Hawaii ---between San Francisco and Honolulu--landed here on May 1, 1947. On that first flight, a giant Lei was draped on the United aircraft. Today, workers placed a 75-foot lei on the United's Boeing jet, marking the Diamond Anniversary. From that one flight 75 years ago, United now operates 31 flights a day all over the Islands.
United says this celebration underscores the airlines commitment to not only bringing visitors to The Islands but also to ensure that they malama or care for Hawaii. David Kinzelman is VP of Airport Operations United Airlines, “We like carrying tourists here and sharing Hawaii with them but also because we want to make sure they survive they are able to be visited and viewed by generations to come.”
Governor David Ige says, “They BROUGHT 1.7 MILLION UNITED PASSENGERS TO HAWAII SAFELY AND HELPED US TO KEEP OUR COMMUNITY HEALTHY AND SAFE.” On this commemorative flight, were long time workers flight attendants including Terry Williams who has been with United for almost 50 years! Terry Williams, United Airlines Flight Attendant, “ I have no idea how much longer I will do this as long as my body holds out.
"I’m still having fun as long as they have a base in Honolulu. I’ll keep doing it!" Wayne Nakasone, United Airlines Flight Attendant says,“ I’ve been working for 52 years, I was hired out of Honolulu and I’ve been working since! And enjoying every minute of it. “ As someone said, gee I never worked a day in my life, however my friends would say, yes, I haven’t worked!
David Kinzelman says that United is growing and hiring more workers in Hawaii and across the globe. United's aggressive growth plan includes adding 500 more planes over the next 5 years.
Do you have a story idea? Email news tips to news@kitv.com
Cynthia is an award-winning journalist who returned to Hawaii as an Anchor/Reporter/MMJ from Houston. She is a graduate of the University of Hawaii with a B.A. and M.B.A. DM her on IG @CynthiaYipTV to share stories. | https://www.kitv.com/news/business/united-airlines-celebrates-75-years-in-hawaii/article_b5613172-ca96-11ec-97d5-27dd104aea5a.html | 2022-05-03T06:17:09Z |
...HIGH SURF ADVISORY FOR SOUTH FACING SHORES OF ALL ISLANDS
THROUGH 6 PM HST THURSDAY...
.Several pulses of long-period south swell are expected to arrive
over the next couple of days.
...HIGH SURF ADVISORY IN EFFECT UNTIL 6 PM HST THURSDAY...
* WHAT...Surf up to 10 feet.
* WHERE...South facing shores of all islands.
* WHEN...Until 6 PM HST Thursday.
* IMPACTS...Moderate. Expect strong breaking waves, shore break,
and strong longshore and rip currents making swimming difficult
and dangerous.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Beachgoers, swimmers, and surfers should heed all advice given by
ocean safety officials and exercise caution.
&&
Weather Alert
...SMALL CRAFT ADVISORY REMAINS IN EFFECT UNTIL 6 AM HST
TUESDAY...
* WHAT...East to northeast winds 20 to 25 kt...up to 30 kt over
the Alenuihaha Channel. Seas 7 to 10 feet.
* WHERE...All Hawaiian Coastal Waters.
* WHEN...Until 6 AM HST Tuesday.
* IMPACTS...Conditions will be hazardous to small craft.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Inexperienced mariners, especially those operating smaller
vessels, should avoid navigating in these conditions.
&&
Hawaii lawmakers are poised to make a billion-dollar investment in affordable housing.
But it's still just reaching the tip of the iceberg when it comes to meeting the demand.
"We know there is a shortage estimated between 39,000 to 50,000 units in all different income categories," said Rep. Nadine Nakamura, chairwoman of the House Committee on Housing. "So you can see all the homeless on the street and we know we have a crisis situation. So I'm really excited that the legislature heard and saw loud and clear what the number one issue is in Hawaii."
State leaders are attempting to address affordable housing needs across the board -- in rentals and housing for the homeless and working class.
That includes $600 million for the Department of Hawaiian Home Lands and $300 million set aside for a rental housing fund to build affordable units for working families. Another $15 million is earmarked for more shelters, transitional housing and services for homeless people in every county.
"The housing development process is a lengthy one. But we will work closely and use exemptions where possible, fee waivers were possible, tax reductions were possible to get these funds out because the crisis is real," she added. "We all see it and we have to get these homes built."
Besides funding to build new housing, the bills include more rent subsidies for needy families to help them deal with the rising cost of living.
"From the people we work with, it's a huge need," said Dan O'Meara, an attorney at the Legal Aid Society of Hawaii. "I mean people have a hard time finding housing. We know a lot of our clients have said they want to move, but they can't find it because housing has gone up in price or the inventory is so skinny."
The full House and Senate are expected to pass the bills tomorrow. Then it will be up to Gov. David Ige to give the final approval.
Kristen joined KITV4 in March 2021 after working for the past two decades as a newspaper reporter. Kristen's goal is to produce meaningful journalism that educates, enlightens and inspires to affect positive change in society. | https://www.kitv.com/news/lawmakers-earmark-1-billion-for-affordable-housing/article_45a80c9c-ca97-11ec-a9b8-8f93a4b1cbad.html | 2022-05-03T06:17:15Z |
...HIGH SURF ADVISORY FOR SOUTH FACING SHORES OF ALL ISLANDS
THROUGH 6 PM HST THURSDAY...
.Several pulses of long-period south swell are expected to arrive
over the next couple of days.
...HIGH SURF ADVISORY IN EFFECT UNTIL 6 PM HST THURSDAY...
* WHAT...Surf up to 10 feet.
* WHERE...South facing shores of all islands.
* WHEN...Until 6 PM HST Thursday.
* IMPACTS...Moderate. Expect strong breaking waves, shore break,
and strong longshore and rip currents making swimming difficult
and dangerous.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Beachgoers, swimmers, and surfers should heed all advice given by
ocean safety officials and exercise caution.
&&
Weather Alert
...SMALL CRAFT ADVISORY REMAINS IN EFFECT UNTIL 6 AM HST
TUESDAY...
* WHAT...East to northeast winds 20 to 25 kt...up to 30 kt over
the Alenuihaha Channel. Seas 7 to 10 feet.
* WHERE...All Hawaiian Coastal Waters.
* WHEN...Until 6 AM HST Tuesday.
* IMPACTS...Conditions will be hazardous to small craft.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Inexperienced mariners, especially those operating smaller
vessels, should avoid navigating in these conditions.
&&
Calls for water conservation on Oahu went out nearly two months ago, but not much has changed.
More people are watching how much water is being used, but so far -- there has not been a reduction.
Employees spend their afternoon getting dinner ready for the 110 residents of Palolo Chinese Home, just some of the nearly 900 meals made here each day.
All that cooking and cleaning uses a lot of water, but those activities are not the greatest use of this resource.
"Our primary usage of water, like any healthcare facility is toilets, faucets and showering," said CEO Darlene Nakayama.
Recent renovations allowed more water efficient fixtures to be installed and soon a new dishwasher will go in that will use less water and energy. Some of the ways Palolo Chinese Home is cutting back.
"We definitely have an opportunity to improve our water conserving devices here," added Nakayama.
Last year, Palolo Chinese Home was one of the top 100 water users around Honolulu.
A list filled with condo towers, college campuses and even some private residences.
In March, a request went out for all users to voluntarily cut back on water by 10%.
But after an initial reduction in pumping levels, water use went back up to where they were before the announcement.
Also going up were calls to the water wasting hotline. Which are now 4 times higher than before. That has resulted in doubling the staff of those who look into all the complaints.
Those workers could be even busier if people don't voluntarily reduce their consumption by 10%.
One of the options the Board of Water Supply could do is: make conservation mandatory, something that hasn't happened since the 1980s.
"To cut back 10% it would really get into the nitty gritty of resident use. Like showers and drinking water - that may be a little challenging for us," added Nakayama.
The Board of Water Supply will watch if water use goes down, monitor if more pumps come back online, and see how dry the summer is -- to make a determination IF stronger conservation steps are needed.
Do you have a story idea? Email news tips to news@kitv.com | https://www.kitv.com/news/local/oahu-residents-not-conserving-water/article_f7d28dde-ca9c-11ec-b825-274af0fea660.html | 2022-05-03T06:17:21Z |
Psychic helps find friend’s missing son in Michigan woods
KI SAWYER, Mich. (WLUC) - A Michigan woman says she used her psychic abilities to help search and rescue crews find her friend’s adult son after he went missing in the woods.
Austin Larson went missing last Wednesday in a wooded area while working on his truck at his grandparents’ barn in Skandia, Michigan. When his phone died and he did not return, his mother, Jessica Larson, got nervous.
Jessica Larson said that because of the cold night, she worried her son would succumb to the elements. She also told WLUC about a similar incident in 2018 when her brother went missing.
“It was almost deja vu,” Jessica Larson said. “It brought back the adrenaline rush.”
For nearly 24 hours, search and rescue teams looked for Austin Larson, using K-9s and other law enforcement resources.
Kat Girard, a KI Sawyer resident, has known Jessica Larson since high school. When she saw her son was missing, she decided she wanted to help.
“I saw her post on Facebook,” Girard said. “As soon as I saw it, I sent her a message. I said, ‘Let me know the address. I need a map.’”
Girard has a more unique way of helping than others. She calls herself a natural-born psychic medium and says she has used her abilities to find missing people in the past.
“I’m a part of psychic groups, and they post different missing people,” Girard said. “I’ve helped find other people before.”
To find Austin Larson, Girard said her spirit guides helped use a map of the wooded area to hone in on a spot. She then drew a blue circle on her phone and sent it to Jessica Larson, telling her that was where she believed her son would be.
At around 2:45 p.m. Thursday, Austin Larson was found in the same location she had identified in a different area of the woods than where search and rescue teams were looking.
“I’m just glad that [Jessica] listened to what I had to say, and I’m happy [Austin]’s in the hospital and getting better,” Girard said.
Jessica Larson is grateful for Girard.
“My family and I want to thank you, and we’re extremely grateful for your gift,” she said. “It’s godsent. This is a miracle.”
Jessica Larson said her son was in stable condition after the incident and was expected to remain in the hospital over the weekend.
Copyright 2022 WLUC via Gray Media Group, Inc. All rights reserved. | https://www.whsv.com/2022/05/03/psychic-helps-find-friends-missing-son-michigan-woods/ | 2022-05-03T07:33:16Z |
HONG KONG and LOS ANGELES, May. 3, 2022 /PRNewswire/ -- Today, CASETiFY launched Works In Progress, a curated collection of inspiring and impactful messages of self care in honor of Mental Health Awareness Month. The collection features designs, from a collective of mental health advocates and artists, on a range of tech accessories for iPhone, Android, AirPods, Apple Watch and more. Customers who shop the collection will be supporting Sad Girls Club, a nonprofit organization on a mission to diminish stigma around mental health and support young women of color.
The Works in Progress collection invites the CASETiFY community to tap into their emotions and embrace being a 'work in progress,' constantly growing and evolving with designs made for everyone. Accessories in the collection also serve as tools for self-expression and small reminders to note they're not alone. The collection will include four exclusive designs in partnership with Sad Girls Club, featuring their iconic logo and gentle words of encouragement like "Love Yourself," "Always Growing," and "Hello I'm: Trying My Best" on CASETiFY's best-selling Impact, Ultra Impact, and Mirror Cases. Artists also joining the Works in Progress collection include: GMF Designs, Kristen Peers, Matt Darling, Mirrors Reflect You , SEE THE WAY I SEE, Sad Ghost Club, and Slimy Oddity.
"The Works In Progress collection really gives us an opportunity to expand our impact as a non-profit by making the conversation around mental health fun and approachable," says Elyse Fox, founder and CEO of Sad Girls Club. "Each design is meant to be an easy reminder to shift how we think about wellness and self-love. We're excited to be able to support our community in this way and on such a global scale."
Throughout the month of May, CASETiFY will donate $5 from every case sold in the collection to Sad Girls Club—further forwarding their mission to provide services and resources for young women of color to practice mental health. Additionally, CASETiFY will continue to donate $5 for every exclusive SGC case sold through the end of the year. Customers can show their support by shopping the collection at casetify.com with products retailing for $35+ USD.
The Works In Progress collection is available to shop today on www.casetify.com, with products shipping to supporters worldwide. To join the movement and show your support, follow along the hashtag #WorksInProgress and visit CASETiFY on Instagram, Facebook, TikTok and Twitter.
About CASETiFY
CASETiFY is the global lifestyle brand and home to the first and largest platform for customized tech accessories. Created with the highest-quality materials and most cutting-edge designs, CASETiFY's products turn your personal electronics into stylishly slim, drop-proof accessories. Known for tapping top artists and creatives for its Co-Lab program, CASETiFY gives brands and individuals the opportunity to share their unique visions with the world. For more information on CASETiFY, its stores, partners and products, please visit www.CASETiFY.com.
Sad Girls Club is a non-profit destigmatizing mental wellness for millennial and Gen Z women, girls, and femmes of color through community, mental health education, and free access to mental health and wellness services.
View original content to download multimedia:
SOURCE CASETiFY | https://www.whsv.com/prnewswire/2022/05/03/casetify-launches-works-progress-collection-support-mental-health-awareness/ | 2022-05-03T07:33:22Z |
Now Available mPOS System with Epson POS Printer Supports SpacePole Ergonomic Accessories to Fit Retail and Hospitality Checkout Needs
LOS ALAMITOS, Calif., May 3, 2022 /PRNewswire/ -- Hospitality and retail stores witnessed the most disruption from the sudden shifts in the past couple of years, causing businesses to look for new ways to enhance in-store shopping experiences. Epson, a supplier of industry-leading Point of Sale (POS) solutions, today announced its POS receipt printers can be integrated into the now available mPOS peripheral solution – The Architect™ by apg®. This all-in-one mPOS peripheral integrated solution built by apg, a world leading manufacturer of innovative, high-quality cash management solutions help meet the needs of businesses in today's everchanging environment. A video showcasing product benefits can be seen here.
The Epson TM-m30II POS receipt printer or OmniLink® TM-m50 thermal printer seamlessly combine with the Architect when positioned between the optional Architect Tech Mounts. The Tech Mounts easily connect to the customer-facing side of the Architect Topper. When positioned down Tech Mounts can provide a base for SpacePole® peripheral mounts and when positioned open they act as accessory cups for items like pens, sanitizer and more. The sleek Architect design integrates into a modern tablet-based or touch screen POS environment that hospitality and retail settings require. Designed to boost business efficiency, the system offers extensive cable management routes, hiding a variety of interface cables and peripheral power supplies.
"apg is committed to delivering innovative POS solutions that solve industry challenges and address our customer's needs," said Bob Stone, global vice president of product, apg. "The collaboration with our valued partner Epson makes the most of the natural synergies between our great companies and we are honored to help provide this fully integrated mPOS solution that will help hospitality and retail businesses thrive today and into the future."
The system's compact yet configurable design reduces peripheral clutter at the retail checkout. The Architect is sized and is designed exclusively for use with apg's Minota® cash drawer. Integrated Epson printers deliver robust connectivity, data communication and tablet charging in a sleek, compact, modern design. The system is also compatible with SpacePole POS mounting solutions for tablet, payment and other peripheral devices.
"There is no doubt that the rules of retail and hospitality have been rewritten these past few years and businesses are looking for unique POS solutions that will increase efficiencies and customer satisfaction," said Frank Anzures, product manager, Business Systems, Epson America, Inc. "Epson's POS receipt printers are designed to deliver value, results and reliability."
Availability
The new all-in-one mPOS full integration system is now available through major POS distributors and resellers. For more information, visit https://www.apgsolutions.com/products/integration-systems/architect/#video.
For more information on Epson's full line of mobile POS printer solutions, visit http://www.epson.com/mseries.
About apg®
apg® believes that brick-and-mortar retail connects people to their community, to each other, and drives business success. For more than 40 years, the company has supplied communities and their retail and hospitality businesses with cash drawers through various partner channels.
Today apg® is a leading global manufacturer of best-in-class cash management solutions and POS peripherals whose products improve the daily lives of retail and hospitality providers in over 90 countries. apg®'s solutions help retailers simplify their day-to-day operations, overcome challenges, ensure a strong future, and help them remain connected to the community by enhancing the customer experience.
About Epson
Epson is a global technology leader dedicated to co-creating sustainability and enriching communities by leveraging its efficient, compact, and precision technologies and digital technologies to connect people, things, and information. The company is focused on solving societal issues through innovations in home and office printing, commercial and industrial printing, manufacturing, visual and lifestyle. Epson's goal is to become carbon negative and eliminate use of exhaustible underground resources such as oil and metal by 2050.
Led by the Japan-based Seiko Epson Corporation, the worldwide Epson Group generates annual sales of around JPY 1 trillion. global.epson.com/
Epson America, Inc., based in Los Alamitos, Calif., is Epson's regional headquarters for the U.S., Canada, and Latin America. To learn more about Epson, please visit: epson.com. You may also connect with Epson America on Facebook (facebook.com/Epson), Twitter (twitter.com/EpsonAmerica), YouTube (youtube.com/epsonamerica), and Instagram (instagram.com/EpsonAmerica).
EPSON is a registered trademark and EPSON Exceed Your Vision is a registered logomark of Seiko Epson Corporation. OmniLink is a registered trademark of Epson America, Inc. All other product and brand names are trademarks and/or registered trademarks of their respective companies. Epson disclaims any and all rights in these marks. Copyright 2022 Epson America, Inc.
View original content to download multimedia:
SOURCE Epson America, Inc. | https://www.whsv.com/prnewswire/2022/05/03/epson-receipt-printers-integrated-into-new-all-in-one-mpos-peripheral-solution-architect-by-apg/ | 2022-05-03T07:33:29Z |
OSLO, Norway, May 3, 2022 /PRNewswire/ -- Gaming Innovation Group Inc. (GiG) publishes its interim report for the first quarter 2022 before market opening on Tuesday 10 May 2022.
CEO Richard Brown will present the Q1 2022 results via livestream at 10:00 CET. The presentation will be followed by a Q&A-session, and investors, analysts and journalists are welcome to participate. The presentation will be given in English.
Link to the livestream:
https://www.redeye.se/events/838781/live-q-gaming-innovation-group-3
For further information, please contact:
Tore Formo, Group CFO, tore@gig.com, +47 91668678
Hessi Mocca, Head of IR, hessi.mocca@gig.com, +46 737039820
About Gaming Innovation Group (GiG)
Gaming Innovation Group is a leading iGaming technology company, providing solutions, products and services to iGaming Operators. Founded in 2012, Gaming Innovation Group's vision is 'To be the industry leading platform, sportsbook and media provider delivering world class solutions to our iGaming partners and their customers. GiG's mission is to drive sustainable growth and profitability of our partners through product innovation, scalable technology and quality of service. Gaming Innovation Group operates out of Malta and is dual-listed on the Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under the ticker symbol GIGSEK. www.gig.com
This information was brought to you by Cision http://news.cision.com
View original content:
SOURCE Gaming Innovation Group | https://www.whsv.com/prnewswire/2022/05/03/gaming-innovation-group-invitation-q1-2022-results-presentation/ | 2022-05-03T07:33:35Z |
OSLO, Norway, May 3, 2022 /PRNewswire/ -- Hemispherian AS ("Hemispherian" or the "Company"), a Norwegian preclinical pharmaceutical company focused on small molecule cancer therapeutics targeting the DNA damage response, is delighted to announce the closure of its successful seed financing. The oversubscribed round raised NOK 12.5M (USD 1.4M). The proceeds will support the company's drug development activities, expand its preclinical pipeline and move its lead therapeutic compounds towards clinical development.
The round was led by the Dutch Investment Firm, Meneldor, who partnered with Norwegian and American investors. Hemispherian AS welcomes new board members Paul Lelieveld, Wolfram Eichner, and Frode Vartdal. These members will join Steven Powell, Dallas Hack and Masha Strømme to lead the company's preclinical and clinical ambitions.
"We are excited by Hemispherian's intriguing approach to target a novel mechanism that results in selective cancer toxicity. We look forward to working with the Hemispherian team to expand their drug pipeline and advance their lead assets toward the clinic."
- Paul Lelieveld, Meneldor Co-Founder
About Hemispherian AS
Hemispherian is an innovative pharmaceutical company focused on developing a novel class of small molecule drugs (GLIX). GLIX compounds target the TET2 enzyme and activate the DNA damage response resulting in cancer cell death. The company's lead compound, GLIX1, is in late-stage preclinical development for the treatment of glioblastoma multiforme, a deadly cancer of the central nervous system and the leading cause of death by disease in children. Hemispherian is further focused on developing a companion diagnostic tool to support patient selection for optimal therapeutic response to GLIX1. Hemispherian is based in Oslo, Norway. For more information, visit www.hemispherian.com.
About Meneldor
Meneldor, based in the Netherlands, invests in early-stage Western European biotech and pharmaceutical companies. Meneldor is focussed on companies that develop new biological or chemical molecular entities, that address a significant unmet medical need. Hemispherian will be Meneldor's sixth portfolio company and first investment of 2022.
Contact:
Zeno Albisser, CEO
Gaustadalléen 21
0349 Oslo
zeno@hemispherian.com
+47 406 03 455
View original content:
SOURCE Hemispherian AS | https://www.whsv.com/prnewswire/2022/05/03/hemispherian-raises-seed-funding-novel-cancer-therapeutics/ | 2022-05-03T07:33:43Z |
GOTHENBURG, Sweden, May 3, 2022 /PRNewswire/ -- Isofol Medical AB (publ) (Nasdaq Stockholm: ISOFOL) ("Isofol"), will publish the company's results for the first quarter of 2022 on Thursday, May 12, 2022. On the same day, Isofol invites investors, analysts, and media to an audiocast with a subsequent question and answer session.
In conjunction with the publication of the interim report for the first quarter of 2022, Isofol invites investors, analysts, and media to an audiocast on May 12, 2022 at 11:00 a.m. CEST. The presentation will be held by Isofol's CEO Ulf Jungnelius and CFO Gustaf Albèrt, who will present and comment the report, followed by a Q&A-session. The presentation will be held in English.
Date and time
May 12, 2022, at 11:00 a.m. CEST
Webcast link
https://tv.streamfabriken.com/isofol-medical-q1-2022
Phone number
To participate via telephone, please dial one of the numbers below.
SE: +46 8 50 55 83 53
UK: +44 333 300 92 68
US: +1 631 913 1422 PIN: 80079640#
The presentation will also be available on Isofol's website after the broadcast:
https://isofolmedical.com/company-presentations/
For further information, please contact
Isofol Medical AB (publ)
Ulf Jungnelius, M.D., Chief Executive Officer
E-mail: jungnelius@isofolmedical.com
Phone: +46 (0) 709 16 89 55
Gustaf Albèrt, CFO
E-mail: gustaf.albert@isofolmedical.com
Phone: +46 (0)709 16 83 02
The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CEST on May 3, 2022.
About Isofol Medical AB (publ)
Isofol Medical AB (publ) is a clinical stage biotech company developing arfolitixorin to improve the efficacy of standard of care chemotherapy for advanced colorectal cancer by increasing tumor response and progression free survival. Isofol holds a worldwide exclusive license agreement with Merck & Cie, Darmstadt, Germany to develop and commercialize arfolitixorin for oncology indications. Isofol Medical AB (publ) is traded on the Nasdaq Stockholm.
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
View original content:
SOURCE Isofol Medical AB (publ) | https://www.whsv.com/prnewswire/2022/05/03/invitation-presentation-isofols-report-first-quarter-2022/ | 2022-05-03T07:33:49Z |
Best-Ever April Sales Total for Kia's Electrified and EV Models
All-New Sportage Sales Increased More Than 40-Percent Year-Over-Year, Achieving Best-Ever April Sales
Brand Achieves Historic 10 Millionth Vehicle Sold in the U.S.
IRVINE, Calif., May 2, 2022 /PRNewswire/ -- Kia America today announced April sales of 59,063 units, marking the brand's best-ever April sales total for EV models and pushing the total number of Kia vehicles sold in the U.S. past the 10 million mark. In addition, the Sportage SUV, now in its 5th generation as the brand's longest running nameplate, achieved its best-ever April sales total with 11,380 units sold.
Overall electrified models recorded fourth consecutive same-month sales record, with EV sales reaching 14th consecutive same-month sales record and surpassing the April 2021 mark by over 480-percent.
Kia America also registered its 10 millionth sale in the US since deliveries to buyers began in 1993. Additional details on this historic achievement will follow later this month.
"Kia's proud history and exciting future are both on display this month as we mark the 10 millionth Kia vehicle sold in the U.S. at the same time that we are experiencing an increase in sales of our electrified vehicles - all in spite of the challenges facing the industry overall," said Eric Watson, vice president, sales operations, Kia America. "Our enduring success with electrified models, coupled with a strong start of sales for the all-new 5th generation Sportage SUV, solidifies Kia's leadership position in two of the most popular and important segments in today's market."
In addition to sales, April saw several significant announcements coming from the brand, including:
- Debut of the refreshed Telluride SUV and all-new hybrid, plug-in hybrid and battery electric Niro models at the New York International Auto Show
- Kia secured the naming rights and became official automotive partner of the Kia Forum, the only arena-sized venue in the U.S. dedicated to music and entertainment.
- The Kia Carnival MPV was named "Family Vehicle of the Year" by AutoGuide. Carnival MPV was recognized as the top family vehicle due to its impressive interior capacity, extensive safety features, and modern design
Kia America - about us
Headquartered in Irvine, California, Kia America continues to top automotive quality surveys and is recognized as one of the 100 Best Global Brands. Kia serves as the "Official Automotive Partner" of the NBA and offers a range of gasoline, hybrid, plug-in hybrid, and electrified vehicles sold through a network of nearly 750 dealers in the U.S., including several cars and SUVs proudly assembled in America.
For media information, including photography, visit www.kiamedia.com. To receive custom email notifications for press releases the moment they are published, subscribe at www.kiamedia.com/us/en/newsalert.
View original content to download multimedia:
SOURCE Kia America | https://www.whsv.com/prnewswire/2022/05/03/kia-america-continues-shift-strong-electrified-vehicle-sales/ | 2022-05-03T07:33:56Z |
Second publication reports on CD37-targeting imaging approach to select NHL patients who might respond best to Humalutin® treatment
OSLO, Norway, May 3, 2022 /PRNewswire/ -- Nordic Nanovector ASA (OSE: NANOV), a clinical-stage biotech company focused on CD37-targeted therapies for haematological cancers and immune diseases, announces the publication of two new research papers highlighting approaches to improve the potential therapeutic effect of its novel CD37-targeting radioimmunoconjugate Humalutin® (177Lu-DOTA-NNV003) in B-cell malignancies, such as Non-Hodgkin Lymphoma (NHL).
The first publication by the Company's scientists and its collaborators, published in PLOS One (Ref. 1), reports on the combined effect of Humalutin® with olaparib, a member of the class of anticancer therapies known as PARP inhibitors, on NHL cell lines.
In the studies, the combination of Humalutin® and olaparib was found to be synergistic or conditionally synergistic leading to cell death in 6 of 7 NHL cell lines (diffuse large B cell lymphoma and mantle cell lymphoma). Where the combination was conditionally synergistic (i.e. both synergistic and antagonistic), the effect was dependent on the concentration of each drug, showing the importance of optimising the parameters for further studies.
Humalutin® acts by inducing potentially cytotoxic DNA breaks in the NHL cells, sensitising these cells to olaparib, which prevents the repair of DNA breaks by blocking the activity of DNA repair enzymes poly (ADP ribose) polymerase 1 and 2 (PARP1 and PARP2). Olaparib is approved in the US and most markets globally for BRCA mutated ovarian and breast cancer.
The authors concluded that further in vivo studies evaluating the anti-tumour effect of the combination of radioimmunotherapies, including Humalutin®, and PARP inhibition are warranted.
Separately, Nordic Nanovector reports the publication of a paper in the high-impact open access journal Scientific Reports (Ref. 2) on the potential of a non-invasive diagnostic imaging approach to select NHL patients who are more likely to respond to or are at risk for developing CD37-induced haematological toxicities from CD37-targeted radioimmunotherapy.
The imaging approach used a radioimmunoconjugate ([89Zr]Zr-N-sucDf-NNV003) comprising the Company's proprietary anti-CD37 antibody NNV003 (a component of Humalutin®), and zirconium-89, a radioisotope that is well-suited to commonly used positron emission tomography (PET) imaging, to assess CD37-expression, biodistribution and tumour-uptake levels in mice bearing human B cell lymphomas and to predict the possible therapeutic effects of Humalutin® in NHL patients.
A good manufacturing practice (GMP)-compliant production process has also been established to enable administration to patients in future studies.
Jostein Dahle, Nordic Nanovector's Chief Scientific Officer, said: "These two publications add to the growing scientific evidence supporting CD37 as a valuable tumour target both for therapeutic and diagnostic applications in NHL. This evidence provides important validation of our pipeline approach, building on the significant data we have collected from our preclinical and clinical studies with Betalutin® and now expanding to our next-generation CD37-targeting radioimmunoconjugate Humalutin®. We look forward to continuing to grow our understanding around CD37 and the potential of our emerging pipeline."
References
1. Malenge, M.M. et al. Anti-CD37 radioimmunotherapy with 177Lu-NNV003 synergizes with the PARP inhibitor olaparib in treatment of non-Hodgkin's lymphoma in vitro. PLOS One (2022): 17(4): e0267543
2. Giesen, D. et al. 89Zr-PET imaging to predict tumor uptake of 177Lu-NNV003 anti-CD37 radioimmunotherapy in mouse models of B cell lymphoma. Sci Rep 12, 6286 (2022). https://doi.org/10.1038/s41598-022-10139-6
For further information, please contact:
IR enquiries
Malene Brondberg, CFO
Cell: +44 7561 431 762
Email: ir@nordicnanovector.com
Media Enquiries
Mark Swallow/Frazer Hall (MEDiSTRAVA Consulting)
Tel: +44 203 928 6900
Email: nordicnanovector@medistrava.com
About Nordic Nanovector:
Nordic Nanovector is committed to develop and deliver innovative therapies to patients to address major unmet medical needs. The Company aspires to become a leader in the development of CD37-targeted therapies for haematological cancers and immune diseases. Nordic Nanovector's lead clinical-stage candidate is Betalutin®, a novel CD37-targeting antibody-radionuclide-conjugate designed to advance the treatment of non-Hodgkin's lymphoma (NHL). NHL is an indication with substantial unmet medical need, representing a growing market forecast to be worth nearly USD 26 billion by 2028. Nordic Nanovector retains global marketing rights to Betalutin® and intends to actively participate in the commercialisation of Betalutin® in the US and other major markets.
Further information can be found at www.nordicnanovector.com.
Forward-looking statements
This press release contains certain forward-looking statements. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances, since they relate to events and depend on circumstances that will occur in the future and which, by their nature, will have an impact on Nordic Nanovector's business, financial condition and results of operations. The terms "anticipates", "assumes", "believes", "can", "could", "estimates", "expects", "forecasts", "intends", "may", "might", "plans", "should", "projects", "targets", "will", "would" or, in each case, their negative, or other variations or comparable terminology are used to identify forward-looking statements. These forward-looking statements are not historic facts. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied in the forward-looking statements. Factors that could cause these differences include, but are not limited to, risks associated with implementation of Nordic Nanovector's strategy, risks and uncertainties associated with the development and/or approval of Nordic Nanovector's product candidates, ongoing and future clinical trials and expected trial results, the ability to commercialise Betalutin®, technology changes and new products in Nordic Nanovector's potential market and industry, Nordic Nanovector's freedom to operate (competitors patents) in respect of the products it develops, the ability to develop new products and enhance existing products, the impact of competition, changes in general economy and industry conditions, and legislative, regulatory and political factors. No assurance can be given that such expectations will prove to have been correct. Nordic Nanovector disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
This information is subject to a duty of disclosure pursuant to Sections 4-2 and 5-12 of the Securities Trading Act.
This information was brought to you by Cision http://news.cision.com
View original content:
SOURCE Nordic Nanovector | https://www.whsv.com/prnewswire/2022/05/03/nordic-nanovector-new-publication-highlights-synergistic-potential-cd37-targeted-radioimmunoconjugate-humalutin-combination-with-parp-inhibitor-olaparib/ | 2022-05-03T07:34:02Z |
WALLDORF, Germany, May 3, 2022 /PRNewswire/ -- SAP SE (NYSE: SAP), the market leader in enterprise application software, today announced the participation of its executives at the following events.
All events will be webcast and a replay will be made available shortly after the event on the SAP Investor Relations website: https://www.sap.com/investors/en/calendar.html
About SAP
SAP's strategy is to help every business run as an intelligent, sustainable enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: SAP customers generate 87% of total global commerce. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers' businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people's lives. For more information, visit www.sap.com.
This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP's 2021 Annual Report on Form 20-F.
© 2022 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
Please consider our privacy policy. If you received this press release in your e-mail and you wish to unsubscribe to our mailing list please contact press@sap.com and write Unsubscribe in the subject line.
View original content to download multimedia:
SOURCE SAP SE | https://www.whsv.com/prnewswire/2022/05/03/sap-executives-participate-upcoming-investor-events/ | 2022-05-03T07:34:11Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Cassava Sciences, Inc. ("Cassava" or the "Company") (NASDAQ: SAVA). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Cassava and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On April 18, 2022, The New York Times published an article entitled "Scientists Question Data Behind an Experimental Alzheimer's Drug." The article addressed Cassava's experimental Alzheimer's drug, simufilam, and reported that one of Cassava's advisers, Dr. H.Y. Wang, had five papers he authored retracted from the scientific journal PLoS One after an in-depth investigation revealed "serious concerns about the integrity and the reliability of the results."
On this news, Cassava's stock price fell sharply during intraday trading on April 19, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-cassava-sciences-inc-sava/ | 2022-05-03T07:34:17Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Dentsply Sirona Inc. ("Dentsply Sirona" or the "Company") (NASDAQ: XRAY). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Dentsply Sirona and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On April 19, 2022, Dentsply Sirona issued a press release announcing the termination of Chief Executive Officer Don Casey, effective immediately, and stating that Casey "will cease to serve as a member of the Company's Board." On this news, Dentsply Sirona's stock price fell sharply during intraday trading on April 19, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-dentsply-sirona-inc-xray/ | 2022-05-03T07:34:23Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Enservco Corporation ("Enservco" or the "Company") (NYSE: ENSV). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Enervco and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On April 18, 2022, Enservco disclosed in a filing with the U.S. Securities and Exchange Commission that it had "concluded that the Company's previously issued condensed consolidated financial statements as of and for the quarters ended March 31, 2021, June 30, 2021 and September 30, 2021 (collectively, the 'Relevant Periods') should no longer be relied upon due to the Company's utilization of certain deferred tax liabilities in 2021" and that "[t]he Company intends to amend its Quarterly Reports on Form 10-Q for the Relevant Periods to reflect restatements of its condensed consolidated financial statements for the Relevant Period."
On this news, Enservco's stock price fell sharply during intraday trading on April 19, 2022.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-enservco-corporation-ensv/ | 2022-05-03T07:34:30Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Vertex Pharmaceuticals Incorporated ("Vertex" or the "Company") (NASDAQ: VRTX). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Vertex and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On May 2, 2022, Vertex issued a press release providing an update on its Phase 1/2 clinical trial of VX-880, an investigational stem cell-derived, fully differentiated pancreatic islet cell replacement therapy for people with type 1 diabetes (T1D) with impaired hypoglycemic awareness and severe hypoglycemia. Specifically, the press release revealed that "the VX-880 Phase 1/2 study has been placed on clinical hold in the U.S. by the Food and Drug Administration (FDA) due to a determination that there is insufficient information to support dose escalation with the product."
On this news, Vertex's stock price fell $11.26 per share, or 4.12%, to close at $261.96 per share on May 2, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.whsv.com/prnewswire/2022/05/03/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-vertex-pharmaceuticals-incorporated-vrtx/ | 2022-05-03T07:34:36Z |
Recipients of 28th Annual Awards recognized for the year's most significant technological advances
CAMPBELL, Calif., May 3, 2022 /PRNewswire/ -- The Society for Information Display (SID) today announced the winners of its 28th Annual Display Industry Awards. The 2022 Display Industry Award (DIA) recipients reflect the ever-evolving display product landscape and represent a wide range of technological advancements with products designed to make devices that are more sustainable, economical, and engaging while providing users with a more dynamic visual experience. The honorees are receiving awards in conjunction with SID's annual Display Week, held in San Jose, California, May 8-13, 2022. Display Week is the world's leading event focused on emerging electronic display and visual information technologies from concept to market.
The 2022 Display Industry Award winners embody the profound level of innovation within the industry and exemplify how crucial displays have become to nearly every aspect of daily life.
"We continue to see a broad range of innovations coming from the display industry," said Wei Chen, chair of the DIA Committee. "The miniLED backlight technology helps to push the performance of LCDs to a new level for electronic tablets, notebook computers, as well as LCD TVs. Foldable display technology continues its rapid pace of improvement.
"Breakthroughs in display components, such as high-acuity reflective polarizers and air-stable quantum dots, are expected to jump start the growth of high-performance VR displays and expand the usage of quantum dots in TVs, respectively," he added. "This year's awards also recognize the enhanced experiences electronic displays bring to cars and the innovative use of LED displays to enable a virtual production environment for movies and television."
Among the industry's highest honors, the Display Industry Awards highlight innovations that have advanced the state-of-the-art in display technology, with awards presented in three categories: Displays of the Year, Display Components of the Year, and Display Applications of the Year. The seven winners, divided into three categories, were chosen by a distinguished panel of experts who evaluated the nominees based on degree of technical innovation and commercial significance, as well as potential for positive social impact.
The award-winning products and innovations are listed below:
Displays of the Year
This award is granted to display products with the most significant technological advances or outstanding features.
Apple: Liquid Retina XDR Display in iPad Pro and MacBook Pro
The Apple Liquid Retina XDR Display on the 12.9-inch iPad Pro and 14-inch and 16-inch MacBook Pro features extreme dynamic range with 1,000-nit full-screen-sustaining capability and 1,600-nit peak high luminance, with a 1,000,000:1 contrast ratio. A DCI-P3 wide color gamut with 1 billion colors delivers rich and vibrant colors. ProMotion display technology, with variable refresh rates within 24–120 Hz, delivers a responsive viewing experience. Ultralow reflectivity helps users stay focused on the content, even in high ambient lighting conditions. Each display is carefully calibrated in the factory, and when combined with color management that's built into iPadOS and macOS, the Liquid Retina XDR Display delivers an optimal viewing experience. The Apple Liquid Retina XDR Display performance is enabled by a new 2D mini-LED backlight, not only in the design, but also in the manufacturing. With its incredible color, brightness, and contrast performance enabled by design innovations, the Apple Liquid Retina XDR Display brings the extreme dynamic range experience to a whole new level.
Samsung Display: Foldable display with Eco2 OLED
Eco2 OLED is a technology that removes the polarizer, which is used to reduce the reflection of external light and integrates its functionality into the OLED panel layer. The Eco2 OLED display is eco-friendly by reducing the use of plastics. The new integrated polarizer brings foldable displays into the future and delivers the same luminance as conventional displays without stressing the battery. Also, Samsung's Eco2 OLED delivers the best color performance of any smartphone display (DCI-P3, 125 percent; REC 2020, 91 percent). With improved transmittance, the integrated polarizer also achieves advanced color purity. As a first for smartphones, it has an ingress protection (IP) rating of IPX8 that safely keeps it protected from accidental spills. The IPX8 grade can withstand up to 30 minutes of fresh water at a depth of 1.5 m. In addition to 200,000 folding tests at conventional room temperature, it passed 30,000 tests at –20°C (–4°F) and was internationally certified by the Bureau Veritas. Samsung Display's Eco2 OLED technology also is available for other applications, such as laptops.
Display Components of the Year
This award recognizes novel components that have significantly enhanced the performance of a display. A component is sold as a separate part destined to be incorporated into a display. A component may also include display-enhancing materials and/or parts fabricated with new processes.
3M: High-acuity reflective polarizer (HARP) lens
The 3M HARP lens integrates a birefringent reflective polarizer used to produce compact, mid-field-of-view (FoV) eyepieces and wide-FoV optics for virtual reality (VR) head-mounted displays using folded optics in the lens configuration. Multiple configurations for folded optic lens systems may be optimized, with varying performance relative to refractive systems. Polarization control is an important consideration, and different components cause different polarizing effects. Further, there are additional benefits of using folded optics in designs for mid- and wide-FoV in VR systems. Some devices both transmit and reflect light. One-way mirrors and mirrored sunglasses achieve this feat, but they use half-silvered mirrors to remove some light and transmit the rest. 3M uses reflective polarizers (based on its proprietary multilayer optical film technology) and quarter-wave plates to reflect or transmit light based on the polarization state: one polarity of light is reflected and the other is transmitted.
BOE Technology Group: 86-inch chip-on-glass active-matrix miniLED backlight unit
The active-matrix (AM) driving glass substrate technology adopted by the chip-on-glass (COG) miniLED backlight unit from BOE is based on semiconductor technology and using a glass substrate through BOE's lateral processing technology. Glass is more suitable for making LED backlight arrays with dense arrangement and heat concentration. The miniLED unit is directly bonded to the glass substrate to realize the high-speed transfer of the LED chips and can realize precise, independent dimming control of the backlight unit. Compared with the traditional edge LED backlight, there are five advantages of the COG AM miniLED backlight unit. The technology has an ultrahigh brightness of the backlight, the peak luminance of the LCD with a COG AM miniLED backlight unit can reach 1,500 nits, and users can view a clear picture even in a bright environment. With 2,000 to 5,000 zones, the light control is more accurate and exquisite, and the contrast ratio of the LCD can be significantly improved to 1,000,000:1.
Nanosys: xQDEF diffuser plate with air-stable quantum dots
The Nanosys xQDEF Diffuser Plate brings together the color and brightness performance of QDEF QD technology with the precise light diffusion necessary for perfect contrast levels in miniLED and full-array local-dimming LCDs. As a direct replacement for diffuser plate components in direct-lit LCDs, the xQDEF Diffuser Plate simplifies the display assembly process, allowing display makers to design and build the most cost-effective displays with the widest color gamut. Compared with other wide color gamut solutions, the xQDEF Diffuser Plate implementation results in close to no additional material costs. The xQDEF Diffuser Plate has been enthusiastically embraced by the display industry. By the end of 2021, more than a million TVs with xQDEF Diffuser Plates inside shipped into the market, and the future for air-stable QDs is bright.
Display Applications of the Year
This award acknowledges novel and outstanding applications of a display, where the display itself is not necessarily a new device.
Mercedes-Benz: Mercedes-Benz User Experience (MBUX) Hyperscreen
The curved large MBUX Hyperscreen is the first automotive series pillar-to-pillar unit and is the highlight in the new electric architecture Gen.2 interior program. A smart combination and integration of three innovative displays behind one curved cover glass merge almost seamlessly to create a customer experience of more than 141 centimeters appearing as one visual unit. The MBUX Hyperscreen contains a 12.3-inch (2,400 × RGBW × 900) LCD with direct-matrix backlight as instrument cluster display, a 17.7-inch (3,088 × RGB × 1,728) corner-cut plastic OLED as a central information display, a 12.3-inch (2,400 × RGB × 900) plastic OLED as a front passenger display, and a driver-monitoring infrared stereo camera and illumination with face and eye tracking technology located in the LCD notch area, required for advanced driver-assistance features.
Sony PCL, Sony Co., and Sony Innovation Studios: Crystal LED virtual production system solution
Sony has developed an LED Virtual Production (VP) system that enables a novel approach to film production. It works by displaying volumetrically captured images on its new direct-view "Crystal LED" B-series display as a background image, allowing for shooting of that background image with live subjects with its digital cinema camera, "VENICE." The combined volumetric image then is edited and rendered through "Atom View," a point-cloud rendering, editing, and coloring software solution from Sony Innovation Studios. Image perspective can be synchronized with camera motion, and the process, when viewed as a new production system, provides a new and efficient workflow for film and other content production. The VP system allows filmmakers more creative freedom with accurate color reproduction without color-shifting, and fewer artifact image problems such as moiré pattern and scan lines. These characteristics enable a photorealistic background image and freedom of camera motion.
A more comprehensive description of the award winners is included in the Display Week 2022 Show Issue of Information Display magazine or at www.informationdisplay.org. Also see www.sid.org. To be considered for a 2022 Display Industry Award, a product had to be available for purchase during the 2021 calendar year.
High resolution images are available upon request.
For more information about Display Week 2022, please visit www.displayweek.org.
About Display Week 2022
The 59th International Display Week Symposium and Seminar, presented by the Society for Information Display (SID), will be held in San Jose, California, May 8-13, 2022. Display Week is the world's leading event focused on emerging electronic display and visual information technologies from concept to market. Display Week attracts attendees from the entire ecosystem of R&D, engineering, design, manufacturing, supply chain, marketing, sales and financial, as well as commercial and consumer end-user markets. It delivers unparalleled learning opportunities, market-moving trends, sourcing, roadmaps-to-market, and connections for career and business growth. For more information on Display Week 2022, visit www.displayweek.org or follow us on LinkedIn, Facebook, Twitter @DisplayWeek (hashtag #DisplayWeek2022), or the Display Week YouTube Channel
About SID
The Society for Information Display (SID) will celebrate its 60th anniversary in 2022. SID is the only professional organization focused on the electronic display and visual information technology industries. In fact, by exclusively focusing on the advancement of electronic display and visual information technologies, SID provides a unique platform for industry collaboration, communication and training in all related technologies while showcasing the industry's best new products. The organization's members are professionals in the technical and business disciplines that relate to display research, design, manufacturing, applications, marketing and sales. To promote industry and academic technology development, while also educating consumers on the importance of displays, SID hosts more than 10 conferences a year, including Display Week, which brings industry and academia all under one roof to showcase technology that will shape the future. SID's global headquarters are located at 1475 S. Bascom Ave., Ste. 114, Campbell, CA 95008. For more information, visit www.sid.org.
View original content to download multimedia:
SOURCE SID | https://www.whsv.com/prnewswire/2022/05/03/society-information-display-unveils-2022-display-industry-award-winners/ | 2022-05-03T07:34:43Z |
UL selects Glasgow as its worldwide offshore wind HQ to drive a rapidly expanding offshore portfolio.
GLASGOW, Scotland, May 3, 2022 /PRNewswire/ -- UL, a global safety science leader, has launched a major new office in Glasgow, which will serve as the global hub for its growing offshore wind operations.
From this location, UL will deliver expert support for customers and their projects worldwide, helping navigate complexities and mitigate risks through the various stages of development and operation by providing access to proven science, engineering and the best available data and software.
David Parkinson, the offshore wind lead in UL's Asset and Sustainability Performance division, will lead the Scotland office. He brings a wealth of insight into offshore wind due diligence and experience addressing multiple large-scale projects in Europe and the United States.
UL's offshore team has over 60 years of combined experience in the energy industry. Recent efforts include working with owner engineers, due diligence and early development support projects in Vietnam, Spain, the United Kingdom and Australia, and undertaking market studies for businesses entering the offshore space.
The announcement follows the recent publication of results from Crown Estate Scotland's seabed leasing auction, ScotWind, which will see 10GW of offshore wind development across 15 projects over the coming years.
"The recent ScotWind auctions have shown that Scotland is one of the global hubs of ambitious, pioneering offshore wind development," said Parkinson. "To help advance offshore wind developments, we want to be in close proximity to our customers. Thus, Glasgow is a natural choice for UL's base of our global offshore wind service offerings. From here, we will be well placed to work with customers in all major territories and markets, offering technical advisory, due diligence and software solutions to stakeholders working across the full spectrum of offshore wind."
According to the Global Wind Energy Council's 2021 Global Offshore Wind report, offshore wind demonstrates the most substantial growth potential of any renewable energy technology, with seven times more capacity than the current market and a 15% increase on the previous year's forecasts.
"The offshore wind industry brings great opportunity and interesting challenges requiring continued collaboration and innovation," Parkinson said. "With a huge pipeline of projects worldwide, both in established and emerging markets, UL is well-placed from our base in Glasgow, and with operations and presence around the world, to aid developers, investors and operators to help advance offshore wind development."
About UL
UL is a global safety science leader. We deliver testing, inspection and certification (TIC), training and advisory services, risk management solutions and essential business insights to help our customers, based in more than 100 countries, achieve their safety, security and sustainability goals. We believe our deep knowledge of products and intelligence across supply chains make us the partner of choice for customers with complex challenges. Discover more at UL.com.
Press contact:
Steven Brewster.
UL
+1 847.664.8425
ULNews@UL.com
View original content to download multimedia:
SOURCE UL | https://www.whsv.com/prnewswire/2022/05/03/ul-launches-global-offshore-wind-headquarters-scotland/ | 2022-05-03T07:34:50Z |
Cantrell Pledges $100K for Web3 Competition
NEW ORLEANS – City of New Orleans Mayor LaToya Cantrell announced a $100,000 contest at last month’s New Orleans Entrepreneur Week. Known as “The Mayor’s Web3 Challenge,” the pledge is a partnership between the City and nonprofit accelerator The Idea Village, annual producer of NOEW. The contest is intended to produce the best local ideas for utilizing Web3 technology.
The competition will ask the city’s creative community to build “on-ramps” for artists and infrastructure for culture, community and creativity using the new technologies enabled by Web3, the next wave of the internet enabled by blockchain technology, and to create new pathways to tap into the Web3 movement. The winner of the Web3 challenge will receive $100,000 in non-dilutive seed investment from the Idea Village, which is funded by the City.
“Web3 technology allows professionals and community organizers to more efficiently monetize and retain the value of their work,” said Mayor LaToya Cantrell in a press release. “Because we’re known around the world for our creativity and community building, Web3 and the new era of the internet present a huge opportunity for New Orleans, our world-renowned culture bearers and our cultural economy” she said.
Visit https://www.ideavillage.org/. | https://www.bizneworleans.com/cantrell-pledges-100k-for-web3-competition/ | 2022-05-03T07:44:31Z |
Dept. of Energy Approves More Natural Gas Exports
BATON ROUGE (The Center Square) — The U.S. Department of Energy recently approved additional natural gas exports from facilities based in Texas and Louisiana.
The Energy Department issued orders allowing the Magnolia Liquefied Natural Gas Terminal in Lake Charles to export additional LNG to any country not prohibited by U.S. law or policy, The Associated Press reports.
The authorization issued on April 27 also included the Golden Pass LNG Terminal near Port Austin, Texas.
The Golden Pass facility is expected to be in operation in 2024, while the Magnolia plant will start in 2026. Combined, the two terminals are expected to produce more than 3 billion cubic feet of natural gas per day, according to the news wire.
U.S. Rep. Garret Graves, R-La., said the approval from the energy department will help address trade imbalances with foreign nations while simultaneously benefitting the U.S. and Louisiana, the nation’s top exporting state for natural gas.
“This decision will allow for more American natural gas to replace Russian gas in Europe,” Graves said. “It’s a ‘twofer’ — we can create more jobs, a win for Louisiana, and cut off funding for the Russian military, a loss for Putin. It makes no sense to supply the Ukrainian military on one hand yet continue to have our NATO allies giving Putin billions of dollars through Russian energy purchases.
“We strongly urge this administration to stop blocking energy production and pipelines in the United States and to approve new LNG export terminals.”
U.S. Sen. Ted Cruz, R-Texas, also applauded the new permits on April 27, describing the move as “a tremendous victory for Texans, American jobs, trade and our European allies who will now have greater access to our clean natural gas exports.”
The announcement comes as the U.S. is working on “exporting every molecule of liquefied natural gas that we can” to help European countries that rely on Russian fuel, Energy Secretary Jennifer Granholm said last month, according to the AP.
The Energy Department reports U.S. LNG exports are at a new high of 12 billion cubic feet per day and moving toward 13 billion cubic feet by the end of 2022, with the bulk heading to Europe. The Biden administration has also released oil from the country’s strategic reserves and banned imports of Russian oil in response to Russia’s invasion of Ukraine.
Granholm addressed the war’s impact on global energy supplies at an International Energy Agency meeting in Paris last month, when she alleged that clean energy is the real long-term solution to global energy security. The said increasing oil and gas supplies to counter Russia and moving toward renewable energy is “not a binary choice,” according to Politico.
“I think it’s a moment for us to ask at this point in our history, what is going to be our version of the Marshall Plan for clean and secure energy in 2022 and beyond?” Granholm said.
The new permits for the Texas and Louisiana facilities follow similar approvals for two other LNG terminals in those state last month.
The Golden Pass terminal is a $10 billion joint project owned by ExxonMobil Corporation and Qatar Petroleum International Limited, while the Magnolia facility in Lake Charles is owned by Glenfarne Group, LLC, the AP reports. | https://www.bizneworleans.com/dept-of-energy-approves-more-natural-gas-exports/ | 2022-05-03T07:44:37Z |
Entergy New Orleans Touts Upgrades to Electric Grid, Gas Infrastructure
NEW ORLEANS – From Entergy New Orleans:
Entergy New Orleans continues to invest in improving the reliability of its electric and gas infrastructure.
Today, the company has filed its Formula Rate Plan with the New Orleans City Council outlining upgrades to New Orleans’ electric grid and gas infrastructure. These investments have helped contribute substantially to the New Orleans community by focusing on infrastructure investments and the company’s ability to respond to customers’ expectations.
Entergy New Orleans has installed smart technologies to lessen the impact of outage times for customers, installed equipment to improve grid reliability, and replaced aging gas infrastructure. Through the company’s strategic investments, Entergy New Orleans has made progress in reducing customer interruptions from distribution equipment impacts by more than 38% since 2018.
“We are committed to building a more resilient and sustainable energy future for the customers and communities we serve,” said Deanna Rodriguez, president and CEO of Entergy New Orleans. “The investments we’ve made, and continue to make, are smart, strategic and far-sighted and will benefit customers and our region for decades to come. To support a stronger system, a clean energy future, and create high-quality jobs, we must continue making the investments necessary to increase reliability and resiliency, and make New Orleans a premier city, with a premier utility.”
In today’s FRP filing with the New Orleans City Council, Entergy New Orleans requests approval of a $37 million electric rate increase and $3 million gas rate increase, based on the formula mechanism set by the New Orleans City Council in the 2018 rate case.
The proposed filing is subject to a detailed review over the next few months by the City Council’s Advisors and other interested parties. If the plan is implemented as proposed, customer bills would have an approximate $7.62 monthly impact on electric service and $2.02 monthly impact on gas service beginning in September. Despite this bill impact, Entergy New Orleans continues to maintain energy rates below the national average.
In 2022, Entergy New Orleans plans to invest nearly $165 million on projects to strengthen its electric and gas infrastructure. | https://www.bizneworleans.com/entergy-new-orleans-touts-upgrades-to-electric-grid-gas-infrastructure/ | 2022-05-03T07:44:43Z |
Gambel Communications Promotes 2 Team Members
NEW ORLEANS – Gambel Communications has announced the promotion of two team members. Alicia Vial has been named senior director of strategy and April Catarella is director of client services.
“Alicia and April have proven to be invaluable members of the Gambel team,” said Amy Boyle Collins, Gambel Communications CEO. “As the agency grows, their leadership and depth of experience will help guide our team in delivering best in class communications campaigns for our clients.”
Previously serving as a senior communications strategist, Vial’s new position as senior director of strategy means she will play a pivotal role in ensuring each agency team member is positioned to deliver strategic public relations services that meet the highest standards of the industry. In addition to her leadership role, Vial will continue to service clients including the Historic New Orleans Collection, the Louisiana Policy Institute for Children, Children’s Hospital New Orleans, Louisiana Department of Education and Gulf of Mexico Alliance.
As director of client services, Catarella will oversee the agency’s internal systems to optimize client service delivery. Previously a communications strategist, Catarella will provide critical support for the overall operational management of Gambel’s growing team as well as lead client accounts including Access Health Louisiana, Boys Town Louisiana, Jefferson Ready Start Network, New Orleans Ballet Association, SELF and the New Orleans BioInnovation Center.
An accredited public relations professional with a love for relationship-building and strategic planning, Vial brings more than a decade of experience in elevating client stories and leading crisis response. She joined the Gambel Communications team in 2021 after previously serving as the communications director for the Louisiana SPCA. She holds a Bachelor of Arts in mass communications with a concentration in public relations from Louisiana State University.
A native of Slidell, Catarella graduated from Louisiana State University and also holds a Bachelor of Arts in mass communication with a concentration in public relations. Previously serving as the executive director for Louisiana’s Muscular Dystrophy Association, Catarella brings a diverse background in communications and nonprofit management, which has stoked her passion for organizational insight and problem-solving. | https://www.bizneworleans.com/gambel-communications-promotes-2-team-members-2/ | 2022-05-03T07:44:49Z |
Hospitals to Explore Collaboration to Advance Pediatric Healthcare
NEW ORLEANS – From Children’s Hospital New Orleans and Our Lady of the Lake Children’s Health:
Our Lady of the Lake Children’s Health and Children’s Hospital New Orleans announced that they have entered into a non-binding agreement to explore structures within which the two organizations might work together.
A letter of intent that was signed recently states that the two systems will explore collaborating in the delivery of pediatric health services, with a uniform, elevated standard of care for the communities that the systems currently serve.
“This collaboration would enable us to do more together for Louisiana’s children,” says Kevin Cook, COO, Franciscan Missionaries of Our Lady Health System, which operates Our Lady of the Lake Children’s Health. “With recent, significant investments in pediatric healthcare made by both organizations, we believe that we can align respective expertise that will continue to transform the health of our children.”
Sharing a passion for the well-being of Louisiana’s children, the two organizations have similar histories of innovation and accomplishment. Both believe that new synergies can be achieved for improving access to care and health outcomes which impact the life-long health of children and future generations in our State.
“As mission-aligned organizations, Our Lady of the Lake Children’s and Children’s Hospital New Orleans share an unwavering commitment to improve the health of the next generation,” said Greg Feirn, CEO, LCMC Health, which operates Children’s Hospital New Orleans. “This strategic partnership will enhance quality of care across the state and expand access to highly specialized health services for kids.”
Our Lady of the Lake Children’s Health has served the children of Louisiana and the southern region for more than 60 years. The $230 million free-standing children’s hospital, which opened in Baton Rouge in October 2019, offers a full spectrum of comprehensive pediatric services with more than 300 pediatric providers including 60 specialists and growing to serve the region’s need for specialized pediatric care. Additionally, the network includes hospital-based service in Monroe and Lafayette, as well as at clinics throughout the region. Our Lady of the Lake has offered its own ACGME accredited pediatric residency since 2010.
Children’s Hospital New Orleans has delivered expert healthcare for children across Louisiana and the Gulf South for more than 65 years. With a recently completed $300 million campus transformation, Children’s Hospital New Orleans provides the highest level of pediatric care in the state, backed by more than 600 pediatric-trained providers and specialists. Children’s Hospital New Orleans also offers a vibrant academic medical community through partnerships with LSU Health New Orleans and Tulane University School of Medicine, the only pediatric facility in the state to incorporate two pediatric medical programs under one roof.
“The recruitment of national leaders in pediatric medicine, in addition to investments in infrastructure and technology over the last several years, has positioned both Our Lady of the Lake Children’s and Children’s New Orleans to address the significant health challenges our kids and communities are facing,” says John R. Nickens IV, pPresident and CEO at Children’s Hospital New Orleans. “Creating affiliations and alignments with like-minded institutions enhances our shared ability to deliver a healthier future for children.”
“With a shared commitment to academic medicine, together we can continue to deliver unparalleled opportunities for educational enhancement and innovation,” says Richard Vath, MD, president and CEO, Franciscan Missionaries of Our Lady Health System. “Training the next generation of providers is essential to the future of equitable access to care. We hope to develop collaborative strategies to address population health priorities that improve health outcomes for children and families across the state.”
Discussions between the organizations will continue over the next few months. The hospitals look forward to working together on this initiative to advance health outcomes for the children and families of Louisiana. | https://www.bizneworleans.com/hospitals-to-explore-collaboration-to-advance-pediatric-healthcare/ | 2022-05-03T07:44:56Z |
New Orleans and Company Hosts Parade, Rally and Job Fair
NEW ORLEANS — New Orleans and Company, the city’s destination marketing organization, will celebrate National Tourism and Travel Week by hosting a parade, rally and industry job fair at various locations.
On Tuesday, May 3, there will be a press conference at Tableau, 616 St. Peter St. (8:30 a.m.) followed by a parade through the streets of the French Quarter to the Capital One Pavilion on Woldenberg Park.
On Wednesday, May 4, New Orleans and Company will host a hospitality job fest at the New Orleans Ernest N. Morial Convention Center Hall B. (9 a.m. to 2 p.m.) There will be 75 companies participating.
“National Tourism and Travel Week is a time when travel and tourism professionals across the country unite to celebrate the value travel holds for the economy, businesses, communities and personal well-being,” said a New Orleans and Company spokesperson in a press release. “This year’s theme is ‘The Future of Travel.’ This year’s theme explores how the travel industry can restore the workforce, help communities recover, foster sustainability, usher in new innovations and reconnect travelers in the U.S. and around the world.”
Special guests at the events will include Lt. Governor Billy Nungesser and Don Welsh, Destinations International CEO. | https://www.bizneworleans.com/new-orleans-and-company-hosts-parade-rally-and-job-fair/ | 2022-05-03T07:45:02Z |
New Orleans Paying to Move Tenants from Dangerous Apartments
NEW ORLEANS (AP) — New Orleans is paying to relocate all remaining residents of a bankrupt apartment complex where people said a landlord’s neglect forced them into unsanitary living conditions with rampant mold, rodents and a broken pipe that spewed raw sewage.
The rare move began last week and was expected to take about two weeks. After all residents are of the Oakmont Apartments, the 336-unit complex will be vacated and secured until code and safety violations are resolved, Mayor LaToya Cantrell said.
“The conditions of the Oakmont Apartments have become unsafe and unsanitary for residents due to the owner’s neglect and lack of concern for his tenants,” Cantrell said last week. “It is imperative that we address this problem head-on and relocate the tenants to safe, alternative housing immediately.”
City Hall said it plans to put tenants in hotels for up to three months while “housing navigators” seek affordable apartments, The Times-Picayune/The New Orleans Advocate reported. The Housing Authority of New Orleans and the nonprofit Unity of Greater New Orleans are among those involved.
Oakmont is the largest of five New Orleans apartment complexes that landlord Joshua Bruno placed under bankruptcy protection in January to avert foreclosure. Bruno did not immediately return a message to the newspaper last week seeking comment on the city’s move.
Bruno asserts he has spent millions fixing up declining properties, only to see the conditions get worse with the coronavirus pandemic and Hurricane Ida damage on Aug. 29. Bruno also blamed Fannie Mae for stalling insurance payments amid a foreclosure fight.
Fannie Mae has argued Bruno can’t be trusted to manage Oakmont. While residents live in squalor, he has transferred millions from Oakmont and other properties over the past year to various entities he controls, the lender alleges. Residents and advocates have urged U.S. Bankruptcy Judge Meredith Grabill to wrest control from Bruno and appoint a trustee to manage them. A hearing is set for May 23.
Hannah Adams, a Southeast Louisiana Legal Services staff attorney, represents several Oakmont tenants and said all want to leave. She called the administration’s offer “extraordinary,” saying it provided “a full wraparound cushion,” including hotel stays, help finding a new home, a deposit and two months of rent to get started.
How much the evacuation plan will cost is uncertain. City Hall said it aims to tap federal emergency rental assistance money. Cantrell called it “not the ideal,” but better than leaving residents in Oakmont.
Adams said 100 to 120 residents had remained. She said homeless services organizations have been trying to draw squatters off the property.
The administration cited Bruno last summer for code violations at Oakmont. Bruno has appealed.
City Hall in February began offering relocation assistance to the remaining Oakmont tenants. Tuesday’s announcement marked a shift from optional relocation to a forced exit.
“People are being forced to leave because of Josh Bruno and Westbank Holdings’ history of negligence, not because of the city,” Adams said. | https://www.bizneworleans.com/new-orleans-paying-to-move-tenants-from-dangerous-apartments/ | 2022-05-03T07:45:08Z |
Nonprofit Urges N.O. Restaurants to Recycle Oyster Shell
NEW ORLEANS — From the Coalition to Restore Coastal Louisiana:
CRCL is expanding its oyster shell recycling program by opening up participation to more restaurants in the New Orleans area – and possibly beyond. The program allows restaurants that generate oyster shell to significantly reduce their trash volume and weight, while also creating habitat for new oysters to grow. The program keeps the shell out of landfills and instead uses it to slow coastal erosion in the state that has had more than 2,000 square miles of wetlands vanish in less than a century.
Restaurants participating in the program receive special bins that oyster shuckers and other restaurant staff can deposit shell into. The shell is picked up by a contractor and delivered to CRCL’s site in Violet, where it cures in the sun for several months. Volunteers then place the shell into marine-grade mesh bags and built oyster reefs with it at various locations around southeast Louisiana. Oyster reefs are living shorelines and have slowed coastal erosion by up to 50 percent along the coast. Oyster reefs also create habitat for new oysters, as well as fish and wildlife.
Since the program’s inception in 2014, CRCL has recycled more than 10 million pounds of shell and built four oyster reefs, partnering with more than 30 restaurants. The Oyster Shell Recycling Program had to pause shell collection in the early weeks of the coronavirus pandemic but has been rebuilding capacity. Seventeen restaurants are currently participating in the program, seven of them sponsored by the organization Chef’s Brigade.
“We want to see all shell returned to the water,” said Darrah Bach, CRCL’s Oyster Shell Recycling Program coordinator. “The incentive for restaurants is that they are helping to trim their trash hauling expenses while at the same time supporting the oyster industry and slowing coastal land loss. We know that demonstrating their commitment to the preservation of our state can help set restaurants apart in a competitive marketplace, and we can help them promote their participation.”
Restaurants interested in joining the program should email oysters@crcl.org.
CRCL was the first statewide nonprofit dedicated to confronting coastal land loss. The Oyster Shell Recycling Program is supported by businesses and organizations including Henderson Hutter, Shell, Chef’s Brigade, TC Energy Foundation, Stolthaven Terminals, Phillips 66 and EMR Metal Recycling. Other sponsors are Meraux Foundation and Two C’s. Lowlander Center is also a supporter.
To learn more about the Coalition to Restore Coastal Louisiana and the Oyster Shell Recycling Program, visit the organization’s website. | https://www.bizneworleans.com/nonprofit-urges-n-o-restaurants-to-recycle-oyster-shell/ | 2022-05-03T07:45:14Z |
Rich’s Car Wash to Open on Gentilly Boulevard
NEW ORLEANS — The owners of Rich’s Wash Dat car wash will host a ribbon-cutting ceremony at 9 a.m. on Monday, May 9 to celebrate a new location at 2900 Gentilly Boulevard.
Owner Dennis Ogan said he invested $5.5 million in upgrading a vacant site that was formerly a gas station. He said the new location creates 12 new jobs and brings the company’s total number of employees to 67. Gentilly Boulevard is Rich’s Wash Dat’s fourth location; the others are 4417 Earhart Boulevard, 3600 General De Gaulle Drive and 3519 Williams Boulevard in Kenner.
Rich’s Wash Dat plans to give away free car washes to all guests on opening day to celebrate the grand opening. The company also always provides free car washes to first responders. | https://www.bizneworleans.com/richs-car-wash-to-open-on-gentilly-boulevard/ | 2022-05-03T07:45:20Z |
Stretch Zone, Brees Dream Foundation Donate $20K to Nonprofit
NEW ORLEANS (Press Release) – Stretch Zone, the company that brought practitioner-assisted stretching to the public and introduced a new vertical in the health and wellness industry, in partnership with the Brees Dream Foundation, recently presented a $20,000 donation to Kids Join the Fight, a nonprofit organization that seeks to empower children to raise funds to provide care for other children fighting pediatric cancer. Stretch Zone’s $10,000 portion of the donation, made through Stretch Zone’s philanthropic arm, GIVZone, is a part of the company’s commitment to supporting the communities Stretch Zone’s growing network of franchise owners and clients call home. Stretch Zone currently has four locations in Louisiana, including a recently opened Baton Rouge studio owned by multi-unit owner Drew Brees.
“Philanthropy is core to the Stretch Zone business model and mission. As a company, we are providing a service that helps build healthy communities. Aligning with a deserving organization like Kids Join the Fight is a meaningful way to give back to the Baton Rouge community,” says Tony Zaccario, Stretch Zone CEO. “Stretch Zone’s patented method is tailored to support clients with an array of health issues that impact mobility, including cancer, and we are pleased to further our support of this community through championing an entrepreneurial organization like Kids Join the Fight.”
Stretch Zone, creator of the renowned Stretch Zone Method®, is a pioneer in the health and wellness industry, and is the first and largest practitioner-assisted stretching company in the U.S. The company uses a patented strapping system that expertly positions, stabilizes and isolates muscles to allow for optimal stretching. Each stretch is customized to fit the specific needs and preferences of the individual, regardless of age, wellness or athletic ability.
“We are incredibly grateful that Stretch Zone presented us with a very generous gift from their GIVZone efforts,” said Taylor and Angel Beery, founders of Kids Join the Fight.
Launched in 2021, GIVZone has served as a platform for the Stretch Zone organization and franchisees to support their communities through various initiatives, from volunteering and participating in special events to donating to worthy causes.
In light of COVID-19, all Stretch Zone studios are following local guidelines and recommendations by the Centers for Disease Control & Prevention, as well as continuing strict sanitization procedures. | https://www.bizneworleans.com/stretch-zone-brees-dream-foundation-donate-20k-to-nonprofit/ | 2022-05-03T07:45:26Z |
...HIGH SURF ADVISORY FOR SOUTH FACING SHORES OF ALL ISLANDS
THROUGH 6 PM HST THURSDAY...
.Several pulses of long-period south swell are expected to arrive
over the next couple of days.
...HIGH SURF ADVISORY IN EFFECT UNTIL 6 PM HST THURSDAY...
* WHAT...Surf up to 10 feet.
* WHERE...South facing shores of all islands.
* WHEN...Until 6 PM HST Thursday.
* IMPACTS...Moderate. Expect strong breaking waves, shore break,
and strong longshore and rip currents making swimming difficult
and dangerous.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Beachgoers, swimmers, and surfers should heed all advice given by
ocean safety officials and exercise caution.
&&
Weather Alert
...SMALL CRAFT ADVISORY REMAINS IN EFFECT UNTIL 6 AM HST
TUESDAY...
* WHAT...East to northeast winds 20 to 25 kt...up to 30 kt over
the Alenuihaha Channel. Seas 7 to 10 feet.
* WHERE...All Hawaiian Coastal Waters.
* WHEN...Until 6 AM HST Tuesday.
* IMPACTS...Conditions will be hazardous to small craft.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Inexperienced mariners, especially those operating smaller
vessels, should avoid navigating in these conditions.
&&
HONOLULU (KITV4) -- A fallen tree is blocking all Honolulu-bound lanes of the Likelike Highway in Kalihi near Valley View Drive. One Kaneohe-bound lane is also blocked.
Honolulu police tell KITV4 that the call came in just before 8:30 p.m.
HPD says no one was injured and no cars were damaged.
Drivers can take the H-3 freeway or the Pali Highway as an alternate route.
Do you have a story idea? Email news tips to news@kitv.com
Mika is the co-anchor for KITV4 Island News at 5, 6, and 10 p.m.
Since joining KITV4 in 2016, Mika has also served as a multimedia journalist, weather, and traffic anchor. | https://www.kitv.com/news/local/traffic-alert-likelike-highway-townbound-lanes-blocked/article_477a8d08-caae-11ec-8cfc-8b1dbce6555c.html | 2022-05-03T07:59:44Z |
...HIGH SURF ADVISORY FOR SOUTH FACING SHORES OF ALL ISLANDS
THROUGH 6 PM HST THURSDAY...
.Several pulses of long-period south swell are expected to arrive
over the next couple of days.
...HIGH SURF ADVISORY IN EFFECT UNTIL 6 PM HST THURSDAY...
* WHAT...Surf up to 10 feet.
* WHERE...South facing shores of all islands.
* WHEN...Until 6 PM HST Thursday.
* IMPACTS...Moderate. Expect strong breaking waves, shore break,
and strong longshore and rip currents making swimming difficult
and dangerous.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Beachgoers, swimmers, and surfers should heed all advice given by
ocean safety officials and exercise caution.
&&
Weather Alert
...SMALL CRAFT ADVISORY REMAINS IN EFFECT UNTIL 6 AM HST
TUESDAY...
* WHAT...East to northeast winds 20 to 25 kt...up to 30 kt over
the Alenuihaha Channel. Seas 7 to 10 feet.
* WHERE...All Hawaiian Coastal Waters.
* WHEN...Until 6 AM HST Tuesday.
* IMPACTS...Conditions will be hazardous to small craft.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Inexperienced mariners, especially those operating smaller
vessels, should avoid navigating in these conditions.
&&
Monday Evening Weather Report: Monday, May 2, 2022
An upper disturbance brings the threat of heavy rains to Windward Maui and the Big Island through Wednesday. Tonight, more rain can be expected for windward Maui and the Big Island. For the rest of Hawaii expect cloudy skies with scattered showers windward, mauka and town. Lows in the lower …
HONOLULU (KITV4) – An upper disturbance brings the threat of heavy rains to Windward Maui and the Big Island through Wednesday.
Tonight, more rain can be expected for windward Maui and the Big Island. For the rest of Hawaii expect cloudy skies with scattered showers windward, mauka and town. Lows in the lower 70s.
Tuesday, mostly cloudy skies with scattered rains. The highest rain chances will be for windward and mauka spots with a few showers for leeward spots. Windward Maui and the Big Island will once again have the greatest threat of heavier rains and possible thunderstorms. Flood advisories will once again be likely for these spots.
Highs 79 to 85. ENE winds at 15 to 25 mph.
More scattered rains expected Wednesday but some clearing late day as the upper low moves away from the islands.
Breezy weather but drier conditions return for Thursday and continue into the weekend.
A moderate to large northwest and south swell moves in Tuesday and Wednesday. Surf will approach Advisory level on south shores Tuesday.
Surf:
North: 8-12 ft
West: 5-7 ft
South: 7-10 ft
East: 5-7 ft
Do you have a story idea? Email news tips to news@kitv.com | https://www.kitv.com/weather/monday-evening-weather-report-monday-may-2-2022/article_3bdb231e-cab2-11ec-bec4-e3820f8c1c1c.html | 2022-05-03T07:59:50Z |
Psychic helps find friend’s missing son in Michigan woods
KI SAWYER, Mich. (WLUC) - A Michigan woman says she used her psychic abilities to help search and rescue crews find her friend’s adult son after he went missing in the woods.
Austin Larson went missing last Wednesday in a wooded area while working on his truck at his grandparents’ barn in Skandia, Michigan. When his phone died and he did not return, his mother, Jessica Larson, got nervous.
Jessica Larson said that because of the cold night, she worried her son would succumb to the elements. She also told WLUC about a similar incident in 2018 when her brother went missing.
“It was almost deja vu,” Jessica Larson said. “It brought back the adrenaline rush.”
For nearly 24 hours, search and rescue teams looked for Austin Larson, using K-9s and other law enforcement resources.
Kat Girard, a KI Sawyer resident, has known Jessica Larson since high school. When she saw her son was missing, she decided she wanted to help.
“I saw her post on Facebook,” Girard said. “As soon as I saw it, I sent her a message. I said, ‘Let me know the address. I need a map.’”
Girard has a more unique way of helping than others. She calls herself a natural-born psychic medium and says she has used her abilities to find missing people in the past.
“I’m a part of psychic groups, and they post different missing people,” Girard said. “I’ve helped find other people before.”
To find Austin Larson, Girard said her spirit guides helped use a map of the wooded area to hone in on a spot. She then drew a blue circle on her phone and sent it to Jessica Larson, telling her that was where she believed her son would be.
At around 2:45 p.m. Thursday, Austin Larson was found in the same location she had identified in a different area of the woods than where search and rescue teams were looking.
“I’m just glad that [Jessica] listened to what I had to say, and I’m happy [Austin]’s in the hospital and getting better,” Girard said.
Jessica Larson is grateful for Girard.
“My family and I want to thank you, and we’re extremely grateful for your gift,” she said. “It’s godsent. This is a miracle.”
Jessica Larson said her son was in stable condition after the incident and was expected to remain in the hospital over the weekend.
Copyright 2022 WLUC via Gray Media Group, Inc. All rights reserved. | https://www.wvva.com/2022/05/03/psychic-helps-find-friends-missing-son-michigan-woods/ | 2022-05-03T08:27:34Z |
TAIPEI, May 3, 2022 /PRNewswire/ -- Chunghwa Telecom Co., Ltd. (TAIEX: 2412, NYSE: CHT) ("Chunghwa" or "the Company") today reported its un-audited operating results for the first quarter of 2022. All figures were prepared in accordance with Taiwan-International Financial Reporting Standards ("T-IFRSs") on a consolidated basis.
(Comparisons throughout the press release, unless otherwise stated, are made with regard to the prior year period.)
First Quarter 2022 Financial Highlights
- Total revenue increased by 2.4% to NT$ 51.29 billion.
- Consumer Business Group revenue increased by 2.2% to NT$ 32.72 billion.
- Enterprise Business Group revenue increased by 2.1% to NT$ 15.81 billion.
- International Business Group revenue increased by 13.8% to NT$ 1.71 billion.
- Total operating costs and expenses increased by 1.7% to NT$ 39.68 billion.
- Net income attributable to stockholders of the parent increased by 2.5% to NT$ 9.02 billion.
- Basic earnings per share (EPS) was NT$1.16.
"Chunghwa had a remarkable first quarter, as we achieved strong performance under our new corporate structure, despite facing challenges of new COVID strains as well as intense global and macro factors," said Mr. Chi-Mau Shieh, Chairman and Chief Executive Officer of Chunghwa Telecom.
"Strong demand across diverse end markets, combined with Chunghwa's strong innovative engine, broad market access, and sharpened execution, allowed us to deliver solid results within our guidance range in this quarter. For mobile services, both mobile revenue market share and mobile subscriber market share maintained their leading positions. Mobile post-paid ARPU excluding IoT SIMs increased by 3.2% year over year, driven by steady 5G penetration, while we observed an average 35% uplift in monthly fees, attributable to customers who renewed contracts to adopt 5G services. In addition, both our fixed broadband subscriber number and HiNet subscriber number continued to grow year-over-year, reflecting our leading market share."
"As for segment details, driven by strong demand and digital opportunities, the consumer business group continued to grow. We launched Triple-Play (Fixed-Broadband + Mobile + Wi-Fi) program in the first quarter to attract more subscribers, and Home Wi-Fi device sign-ups grew by 29% year-over-year. In the enterprise business group, revenues of mobile ICT, IDC and cybersecurity revenues reached double-digit growth this quarter. 5G enterprise private network revenue tripled its growth as well. We are pleased to see the success of our international business this quarter, as revenue increased by 13.8% year-over-year due to increasing demand of IDC, cloud and ICT services offering for global clients."
"This year marked a new era for Chunghwa, and we believe the Company's long-term opportunities remain unchanged as the world's digital transformation accelerates. We will continue to enhance our product and service offerings and remain confident that our business performance will continue to develop and grow," Mr. Shieh concluded.
Revenue
Chunghwa Telecom's total revenues for the first quarter of 2022 increased by 2.4% to NT$ 51.29 billion.
Consumer Business Group revenue for the first quarter of 2022 increased by 2.2% to NT$ 32.72 billion, mainly due to a 4.9% YoY increase of mobile service revenue driven by postpaid subscriber growth and 5G migration. Fixed-line service revenue increased 2.0% YoY owing to higher-speed service adoption amid continued stay-at-home economy. Sales revenue decreased 1.5% YoY resulted from unstable handset supply under COVID-19.
Enterprise Business Group revenue for the first quarter of 2022 increased by 2.1% to NT$ 15.81 billion, mainly due to mobile and fixed-line service revenue increased respectively by 7.1% and 0.3%. ICT business revenue decrease 7.2% YoY resulted from the revenue recognition delay of some projects, though we are positive to the full-year performance.
International Business Group revenue for the first quarter of 2022 increased by 13.8% to NT$ 1.71 billion, mainly due to the increase of ICT revenue.
Operating Costs and Expenses
Total operating costs and expenses for the first quarter of 2022 increased by 1.7% year over year to NT$ 39.68 billion, mainly due to higher personnel expenses and depreciation expense.
Operating Income and Net Income
Income from operations for the first quarter of 2022 increased by 4.6% to NT$ 11.61 billion, mainly due to the continued growth of profitable core business, as well as the increased gross profits and gross margins of ICT projects of parent company. The operating margin was 22.6%, as compared to 22.2% in the same period of 2021. Net income attributable to stockholders of the parent increased by 2.5% to NT$ 9.02 billion. Basic earnings per share was NT$1.16.
Cash Flow and EBITDA
Cash flow from operating activities for the first quarter of 2022 increased by 19.8% year over year to NT$ 11.84 billion, mainly due to an increase of pretax income.
Cash and cash equivalents, as of March 31st, 2022, increased by 16.9% to NT$ 46.51 billion as compared to that as of December 31st, 2021. The increase was primarily attributable to the issuance of corporate bonds which supports the Company's investments in green energy projects to enhance its energy efficiency and the network deployment in remote areas for social good.
EBITDA for the first quarter of 2022 increased by 3.5% to NT$ 21.29 billion. EBITDA margin was 41.51%, as compared to 41.08% in the same period of 2021.
Business Highlights
Mobile
As of March 31st, 2022, Chunghwa Telecom had 11.98 million mobile subscribers, representing a 5.3% year-over-year increase. Total mobile service revenue increased by 4.9% to NT$ 14.84 billion, while mobile post-paid ARPU excluding IoT SIMs grew 3.2% year over year to NT$ 515.
Fixed Broadband/HiNet
As of March 31st, 2022, the number of broadband subscribers slightly increased by 0.3% to 4.35 million. The number of HiNet broadband subscribers increased by 1.1% to 3.62 million. Total fixed broadband revenue grew 4.4% year over year to NT$ 10.51 billion, while ARPU increased 3.5% to NT$ 760.
Fixed line
As of March 31st, 2022, the Company maintained its leading position in the fixed-line market, with a total of 9.59 million subscribers.
Financial Statements
Financial statements and additional operational data can be found on the Company's website at http://www.cht.com.tw/en/home/cht/investors/financials/quarterly-earnings
NOTE CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about Chunghwa's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Investors are cautioned that actual events and results could differ materially from those statements as a result of a number of factors including, but not limited to the risks outlined in Chunghwa's filings with the U.S. Securities and Exchange Commission on Forms F-1, F-3, 6-K and 20-F, in each case as amended. The forward-looking statements in this press release reflect the current belief of Chunghwa as of the date of this press release and Chunghwa undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such date, except as required under applicable law.
This press release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or selling security holder and that will contain detailed information about the company and management, as well as financial statements.
NON-GAAP FINANCIAL MEASURES
To supplement the Company's consolidated financial statements presented in accordance with International Financial Reporting Standards pursuant to the requirements of the Financial Supervisory Commission, or T-IFRSs, Chunghwa Telecom also provides EBITDA, which is a "non-GAAP financial measure". EBITDA is defined as consolidated net income (loss) excluding (i) depreciation and amortization, (ii) total net comprehensive financing cost (which is comprised of net interest expense, exchange gain or loss, monetary position gain or loss and other financing costs and derivative transactions), (iii) other income, net, (iv) income tax, (v) (income) loss from discontinued operations.
In managing the Company's business, Chunghwa Telecom relies on EBITDA as a means of assessing its operating performance because it excludes the effect of (i) depreciation and amortization, which represents a non-cash charge to earnings, (ii) certain financing costs, which are significantly affected by external factors, including interest rates, foreign currency exchange rates and inflation rates, which have little or no bearing on our operating performance, (iii) income tax (iv) other expenses or income not related to the operation of the business.
CAUTIONS ON USE OF NON-GAAP FINANCIAL MEASURES
In addition to the consolidated financial results prepared under T-IFRSs, Chunghwa Telecom also provide non-GAAP financial measures, including "EBITDA". The Company believes that the non-GAAP financial measures provide investors with another method for assessing its operating results in a manner that is focused on the performance of its ongoing operations.
Chunghwa Telecom's management believes investors will benefit from greater transparency in referring to these non-GAAP financial measures when assessing the Company's operating results, as well as when forecasting and analyzing future periods. However, the Company recognizes that:
- these non-GAAP financial measures are limited in their usefulness and should be considered only as a supplement to the Company's T-IFRSs financial measures;
- these non-GAAP financial measures should not be considered in isolation from, or as a substitute for, the Company's T-IFRSs financial measures;
- these non-GAAP financial measures should not be considered to be superior to the Company's T-IFRSs financial measures; and
- these non-GAAP financial measures were not prepared in accordance with T-IFRSs and investors should not assume that the non-GAAP financial measures presented in this earnings release were prepared under a comprehensive set of rules or principle.
Further, these non-GAAP financial measures may be unique to Chunghwa Telecom, as they may be different from non-GAAP financial measures used by other companies. As such, this presentation of non-GAAP financial measures may not enhance the comparability of the Company's results to the results of other companies. Readers are cautioned not to view non-GAAP results as a substitute for results under T-IFRSs, or as being comparable to results reported or forecasted by other companies.
About Chunghwa Telecom
Chunghwa Telecom (TAIEX 2412, NYSE: CHT) ("Chunghwa" or "the Company") is Taiwan's largest integrated telecommunications services company that provides fixed-line, mobile, broadband, and internet services. The Company also provides information and communication technology services to corporate customers with its big data, information security, cloud computing and IDC capabilities, and is expanding its business into innovative technology services such as IoT, AI, etc. In recent years, Chunghwa has been actively involved in corporate social responsibility and has won domestic and international awards and recognition. For more information, please visit our website at www.cht.com.tw
Contact: Angela Tsai
Phone: +886 2 2344 5488
Email: chtir@cht.com.tw
View original content:
SOURCE Chunghwa Telecom | https://www.whsv.com/prnewswire/2022/05/03/chunghwa-telecom-reports-un-audited-consolidated-operating-results-first-quarter-2022/ | 2022-05-03T09:04:35Z |
ZUG, Switzerland, May 3, 2022 /PRNewswire/ -- Virtual Pangea's Discord channel was overflowing with excitement and adrenaline on Saturday, April 23, when ten players were competing live in Hogeman game Battle Royale grand finale for a Tesla Model 3 or $55,000 worth of Eth.
The three-hour event - hosted live on Youtube by Youmuus and streamed on Twitch by Lauren Burch - was the triumphal end to the Virtual Pangea's three-month-long Hogeman Speedrun Tournament Tesla Edition, with the ten winners taking home $63.000 worth of prizes.
It was a true nail-biter of a race viewed by over 6,000 people, watching Bartek Polak (@Light1323) from Poland, winning the grand prize with an overall speed run game record time of 24 minutes and 10 seconds.
"The experience was amazing! As I was beating my previous scores, I felt nostalgia, adding the smallest details to improve by just milliseconds", said Polak, the winner of the tournament. "Hogeman is fun to play, as long as you keep exploring and developing new strategies. I was nervous during the live event, but the fact that each of the ten players were winners of Virtual Pangea prizes made me just go for it and do my best…and it worked!"
Competition was tight, with second runner-up, Antons Fridrihs (@Thesviborg), Latvia, finishing with 24 minutes and 37 seconds and winning $3,000 worth of USDC, followed by PhD in Physics graduate Harley Rutherford (@MoodyTornado), Australia, finish third place with only a 10 second difference and a prize of $2,000 worth of USDC.
"Well done to all ten competitors for their game and their comradery. Our hard work of making this final event an enjoyable and thrilling experience for our audience and Hogeman Club members has paid off," commented Dani Chear, CEO at Virtual Pangea. "We're pleased with the outcome, seeing the social platforms attendance and interactions, the friendships that were made and the level of preparation and strategy the contestants had to put in when playing Hogeman."
The Speedrun Tournament - Tesla Edition, started in the middle of January 2022, when Hogeman Club NFT owners got an exclusive invite to invest in one of the unique NFTs in the collection and try their skills at speed running through nine levels, while fighting one evil crypto boss at a time. The ten best times on the leaderboard, announced at the end of the tournament on April 15, qualified for Battle Royale.
Between April 15-23, the "fantastic ten" had a warm-up week to complete all nine levels and play their best times. On the day of Battle Royale each player had 10 minutes to beat the mighty InfluencerX boss in level nine, with the entire world watching them do this live.
The Speedrun Tournament Tesla Edition is the first in a series of Hogeman tournaments that aims to bring together 2D indie gaming powered by Web3 technology. Being the owner of one of the 760 NFTs in the Hogeman Club collection opens a world of possibilities and pre-events promotions that will include future gaming Hogeman tournaments. To stay up to date with what's coming, check out Virtual Pangea's Cryptic Pixel game studio that has just launched its website.
About Virtual Pangea
Virtual Pangea is an interactive platform focused on NFT technology and community. Based in Zug, Switzerland, the company develops Web3 experiences, giving users control and a sense of belonging through blockchain-connected art and gaming.
Photo - https://mma.prnewswire.com/media/1809737/Virtual_Pangea.jpg
View original content to download multimedia:
SOURCE Virtual Pangea | https://www.whsv.com/prnewswire/2022/05/03/winner-hogeman-speedrun-tournament-tesla-edition-goes-home-with-55000/ | 2022-05-03T09:04:41Z |
...HIGH SURF ADVISORY FOR SOUTH FACING SHORES OF ALL ISLANDS
THROUGH 6 PM HST THURSDAY...
.Several pulses of long-period south swell are expected to arrive
over the next couple of days.
...HIGH SURF ADVISORY IN EFFECT UNTIL 6 PM HST THURSDAY...
* WHAT...Surf up to 10 feet.
* WHERE...South facing shores of all islands.
* WHEN...Until 6 PM HST Thursday.
* IMPACTS...Moderate. Expect strong breaking waves, shore break,
and strong longshore and rip currents making swimming difficult
and dangerous.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Beachgoers, swimmers, and surfers should heed all advice given by
ocean safety officials and exercise caution.
&&
Weather Alert
...SMALL CRAFT ADVISORY REMAINS IN EFFECT UNTIL 6 AM HST
TUESDAY...
* WHAT...East to northeast winds 20 to 25 kt...up to 30 kt over
the Alenuihaha Channel. Seas 7 to 10 feet.
* WHERE...All Hawaiian Coastal Waters.
* WHEN...Until 6 AM HST Tuesday.
* IMPACTS...Conditions will be hazardous to small craft.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Inexperienced mariners, especially those operating smaller
vessels, should avoid navigating in these conditions.
&&
HONOLULU (KITV4) - A man was arrested at a Keeaumoku apartment after punching a police officer in the face.
Hawaii police had been called to the residence Monday morning after reports of a man under the influence of drugs.
When police talked with the suspect, he punched an officer in the face, causing multiple fractures. A second officer was injured after falling against a table. Both officers required medical treatment.
The 41-year-old suspect was arrested for first-degree assault on law enforcement officer and resisting arrest.
He remains in police custody at this time.
Do you have a story idea? Email news tips to news@kitv.com | https://www.kitv.com/news/man-arrested-for-assault-against-a-police-officer/article_a468b824-cab7-11ec-860c-db787e80b8a4.html | 2022-05-03T09:40:58Z |
US official: Russia plans to annex parts of eastern Ukraine
ZAPORIZHZHIA, Ukraine (AP) - Russia plans to annex much of eastern Ukraine later this month, a senior U.S. official warned, and the Mariupol steel mill that is the city’s last stronghold of resistance came under renewed assault a day after the first evacuation of civilians from the plant.
Michael Carpenter, U.S. ambassador to the Organization for Security and Cooperation in Europe, said Monday that the U.S. believes the Kremlin also will recognize the southern city of Kherson as an independent republic. Neither move would be recognized by the United States or its allies, he said.
Russia is planning to hold sham referendums in the Donetsk and Luhansk regions that would “try to add a veneer of democratic or electoral legitimacy” and attach the entities to Russia, Carpenter said. He also said there were signs that Russia would engineer an independence vote in Kherson.
Mayors and local legislators there have been abducted, internet and cellphone service has been severed and a Russian school curriculum will soon be imposed, Carpenter said. Ukraine’s government says Russia has introduced its ruble as currency there.
More than 100 people — including elderly women and mothers with small children — left Mariupol’s rubble-strewn Azovstal steelworks Sunday and set out in buses and ambulances for the Ukrainian-controlled city of Zaporizhzhia, about 140 miles (230 kilometers) to the northwest. Mariupol Deputy Mayor Sergei Orlov told the BBC that the evacuees were making slow progress.
Authorities gave no explanation for the delay.
GRAPHIC WARNING: Videos may contain disturbing content.
At least some of the civilians were apparently taken to a village controlled by Russia-backed separatists. The Russian military said some chose to stay in separatist areas, while dozens left for Ukrainian-held territory.
In the past, Ukraine has accused Moscow’s troops of taking civilians against their will to Russia or Russian-controlled areas. The Kremlin has denied it.
The Russian bombardment of the sprawling plant by air, tank and ship resumed after the partial evacuation, Ukraine’s Azov Battalion, which is helping to defend the mill, said on the Telegram messaging app.
Orlov said high-level negotiations were underway among Ukraine, Russia and international organizations on evacuating more people.
The steel-plant evacuation, if successful, would be rare progress in easing the human cost of the almost 10-week war, which has caused particular suffering in Mariupol. Previous attempts to open safe corridors out of the southern port city and other places have broken down, with Ukrainian officials accusing Russian forces of shooting and shelling along agreed-on evacuation routes.
Before the weekend evacuation, overseen by the United Nations and the Red Cross, about 1,000 civilians were believed to be in the plant along with an estimated 2,000 Ukrainian defenders who have refused Russian demands they surrender.
As many as 100,000 people overall may still be in Mariupol, which had a prewar population of more than 400,000. Russian forces have pounded much of the city into rubble, trapping civilians with little food, water, heat or medicine.
Some Mariupol residents left on their own, often in damaged private cars.
As sunset approached, Mariupol resident Yaroslav Dmytryshyn rattled up to a reception center in Zaporizhzhia in a car with a back seat full of youngsters and two signs taped to the back window: “Children” and “Little ones.”
“I can’t believe we survived,” he said, looking worn but in good spirits after two days on the road.
“There is no Mariupol whatsoever,’’ he said. “Someone needs to rebuild it, and it will take millions of tons of gold.” He said they lived just across the railroad tracks from the steel plant. “Ruined,” he said. “The factory is gone completely.”
Anastasiia Dembytska, who took advantage of the cease-fire to leave with her daughter, nephew and dog, said she could see the steelworks from her window, when she dared to look.
“We could see the rockets flying” and clouds of smoke over the plant, she said.
Ukrainian President Volodymyr Zelenskyy told Greek state television that remaining civilians in the steel plant were afraid to board buses, fearing they would be taken to Russia. He said the U.N. assured him they could go to areas his government controls.
Mariupol lies in the Donbas, Ukraine’s eastern industrial heartland, and is key to Russia’s campaign in the east. Its capture would deprive Ukraine of a vital port, allow Russia to establish a land corridor to the Crimean Peninsula, which it seized from Ukraine in 2014, and free up troops for fighting elsewhere.
More than 1 million people, including nearly 200,000 children, have been taken from Ukraine to Russia, Russia’s Defense Ministry said Monday, according to state-owned news agency TASS.
Defense Ministry official Mikhail Mizintsev said that number included 11,550 people, including 1,847 children, in the previous 24 hours, “without the participation of the Ukrainian authorities.”
Those civilians “were evacuated to the territory of the Russian Federation from the dangerous regions of the Donetsk and Luhansk People’s Republics,” and other parts of Ukraine, according to the report. No details were provided.
Zelenskyy said Monday that at least 220 Ukrainian children have been killed by the Russian army since the war began, and 1,570 educational institutions have been destroyed or damaged.
Failing to seize Kyiv, the capital, Russian President Vladimir Putin shifted his focus to the Donbas, where Moscow-backed separatists have been battling Ukrainian forces since 2014.
Russia said it struck dozens of military targets in the region, including concentrations of troops and weapons and an ammunition depot near Chervone in the Zaporizhzhia region, west of the Donbas.
Ukrainian and Western officials say Moscow’s troops are firing indiscriminately, killing many civilians while making only slow progress.
The governor of the Odesa region along the Black Sea Coast, Maksym Marchenko, said on Telegram that a Russian missile strike Monday caused deaths and injuries. He gave no details. Zelenskyy said the attack destroyed a dormitory and killed a 14-year-old boy.
Ukraine said Russia also struck a strategic road and rail bridge west of Odesa. The bridge was heavily damaged in previous Russian strikes, and its destruction would cut a supply route for weapons and other cargo from neighboring Romania.
However a satellite image captured by Planet Labs PBC and analyzed by The Associated Press showed the bridge still standing as of noon Monday.
Another image, taken Monday, showed nearly 50 Russian military helicopters at Stary Oskol, a Russian base close to the Ukrainian border and some 175 kilometers (110 miles) northeast of the Ukrainian city of Kharkiv.
The helicopters were stationed on the tarmac, runway and grass of the otherwise civilian airport, with military equipment nearby.
In the war in Ukraine, Russia has been flying military attack helicopters low to the ground to try to avoid anti-aircraft missiles.
___
Varenytsia reported from Kyiv, Ukraine. Associated Press journalists Yesica Fisch in Sloviansk, Jon Gambrell and Yuras Karmanau in Lviv, Mstyslav Chernov in Kharkiv, Lolita Baldor in Washington and AP staff around the world contributed to this report.
___
Follow AP’s coverage of the war in Ukraine: https://apnews.com/hub/russia-ukraine
Copyright 2022 The Associated Press. All rights reserved. | https://www.wvva.com/2022/05/03/us-official-russia-plans-annex-parts-eastern-ukraine/ | 2022-05-03T10:01:50Z |
Mom arrested after shooting 2 sons in their beds, officials say
UPPER MAKEFIELD TOWNSHIP, Pa. (Gray News) - A Pennsylvania mother is facing charges after authorities say she shot her two sons and tried to shoot her neighbor. The boys are not expected to survive.
Trinh Nguyen, 38, was arrested in a church parking lot at 11:30 a.m. Monday, hours after the shooting at her home in Upper Makefield Township, Pennsylvania. She faces three counts of attempted homicide, according to Bucks County District Attorney Matt Weintraub.
The incident began when police were dispatched to Nguyen’s home at 7:05 a.m. for a report of an armed subject, said the district attorney’s office in a news release.
Nguyen’s 22-year-old neighbor told police that she handed him a box of photos and asked him to give it to her ex-husband, his co-worker. She then allegedly pulled a gun on him and tried to fire it twice, but the gun did not fire.
The neighbor wrapped Nguyen in a bear hug and disarmed her before she fled the scene, according to the news release.
When police checked Nguyen’s home, they found her two sons, ages 13 and 9, in their beds with gunshot wounds to their heads. Both boys were taken to the hospital, with at least one of them undergoing surgery.
Unfortunately, the boys are not expected to survive. They were being kept on life support Monday night until their organs could be donated, according to the Philadelphia Inquirer.
Nguyen’s charges are then expected to be upgraded to two counts of homicide.
The news release says that when law enforcement found Nguyen at the church, she was also taken to the hospital because she seemed to be under the influence of drugs. Police believe she may have tried to kill herself, the Inquirer reports.
Authorities did not comment on a motive for the shootings, but court records indicate that Nguyen had more than $11,000 in unpaid rent. The family had been ordered to leave their home by Tuesday, according to the Inquirer.
Nguyen was denied bail at her arraignment.
The case is being investigated by Bucks County Detectives and Upper Makefield Township Police.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.whsv.com/2022/05/03/mom-arrested-after-shooting-2-sons-their-beds-officials-say/ | 2022-05-03T10:35:54Z |
Aid workers prep stretchers, toys for Mariupol evacuees
ZAPORIZHZHIA, Ukraine (AP) - Aid workers prepared hot food, wheelchairs and toys Tuesday for civilians slowly making their way to relative safety from the pulverized remnants of a steel plant in the city of Mariupol, besieged for months by Russian forces.
The plant is the last holdout of Ukrainian resistance in a city that is otherwise controlled by Moscow’s forces and key to their campaign in Ukraine’s east. A senior U.S. official warned that Russia is planning to annex much of the country’s east later this month.
At a reception center, stretchers and wheelchairs were lined up, tiny children’s shoes dangled from a shopping cart and a pile of toys waited for the first convoy of civilians whose evacuation is being overseen by the United Nations and Red Cross.
Their arrival would represent a rare glimmer of good news in the nearly 10-week war sparked by Russia’s invasion of Ukraine that has killed thousands, forced millions to flee the country, laid waste to towns and cities, and shifted the post-Cold War balance of power in eastern Europe.
More than 100 people — including elderly women and mothers with small children — left Mariupol’s rubble-strewn Azovstal steelworks over the weekend and set out in buses and ambulances.
At least some were apparently taken to a village controlled by Russia-backed separatists. The Russian military said some chose to stay in separatist areas. In the past, Ukraine has accused Moscow’s troops of taking civilians against their will to Russia or Russian-controlled areas — something the Kremlin has denied.
GRAPHIC WARNING: Videos may contain disturbing content.
Others left for the Ukrainian-controlled city of Zaporizhzhia, some 140 miles (230 kilometers) northwest of Mariupol. It was not clear why the evacuees’ journey was taking so long, but the convoy likely had to pass through heavily contested areas and many checkpoints.
Mariupol has come to symbolize the human misery inflicted by the war. A Russian siege has trapped civilians with little access to food, water and electricity, as Moscow’s forces pounded the city to rubble. The plant — where about 1,000 civilians sought shelter along with some 2,000 fighters who have refused to surrender — has particularly transfixed the outside world.
Mariupol Deputy Mayor Sergei Orlov told the BBC that high-level negotiations were underway among Ukraine, Russia and international organizations on evacuating more people. But Russia resumed its bombardment of the sprawling plant by air, tank and ship after the partial evacuation, Ukraine’s Azov Battalion, whose fighters are holed up in the mill, said Monday on the Telegram messaging app.
After failing to take Kyiv in the early weeks of the war, Russia withdrew some of its forces and switched its focus to Ukraine’s eastern industrial heartland of the Donbas. Mariupol lies in the region, and its capture would deprive Ukraine of a vital port, allow Russia to establish a land corridor to the Crimean Peninsula, which it seized from Ukraine in 2014, and free up troops for fighting elsewhere in the Donbas.
Michael Carpenter, U.S. ambassador to the Organization for Security and Cooperation in Europe, said Monday that the U.S. believes the Kremlin plans to annex much of eastern Ukraine and recognize the southern city of Kherson as an independent republic. Neither move would be recognized by the United States or its allies, he said.
Russia is planning to hold sham referendums in the Donetsk and Luhansk regions in the Donbas that would “try to add a veneer of democratic or electoral legitimacy” and attach the entities to Russia, Carpenter said. He also said there were signs that Russia would engineer an independence vote in Kherson.
Mayors and local legislators there have been abducted, internet and cellphone service has been severed and a Russian school curriculum will soon be imposed, Carpenter said. Ukraine’s government says Russia has introduced its ruble as currency there.
Getting a full picture of the unfolding battle in the east has been difficult because airstrikes and artillery barrages have made it extremely dangerous for reporters to move around. Both Ukraine and the Moscow-backed rebels fighting in the east have introduced tight restrictions on reporting.
But so far, Russia’s troops and their allied separatist forces appear to have made only minor gains, taking several small towns as they try to advance in relatively small groups against staunch Ukrainian resistance.
In its daily Twitter statement on the war, the British military said Tuesday it believes the Russian military is now “significantly weaker” after suffering losses in its war on Ukraine.
“Recovery from this will be exacerbated by sanctions,” the ministry said. “Failures both in strategic planning and operational execution have left it unable to translate numerical strength into decisive advantage.”
Ukraine’s resistance has been significantly bolstered by Western arms and other aid, and British Prime Minister Boris Johnson was expected to announce hundreds of millions of pounds in new military support to Kyiv in a speech to Ukraine’s parliament Tuesday.
In the remote address, he is expected to echo the words of Britain’s World War II Prime Minister Winston Churchill by calling Ukraine’s defiant response to the Russian invasion the country’s “finest hour.”
On Monday, Ukraine said Russia struck a strategic road and rail bridge west of Odesa, a major Black Sea port. The bridge was heavily damaged in previous Russian strikes, and its destruction would cut a supply route for weapons and other cargo from neighboring Romania.
A satellite image captured by Planet Labs PBC and analyzed by The Associated Press showed the bridge still standing as of noon Monday.
Another image, taken Monday, showed nearly 50 Russian military helicopters at Stary Oskol, a Russian base close to the Ukrainian border and some 175 kilometers (110 miles) northeast of the Ukrainian city of Kharkiv.
Highlighting the toll of the war, Ukrainian President Volodymyr Zelenskyy said Monday that at least 220 Ukrainian children have been killed by the Russian army since the war began, and 1,570 educational institutions have been destroyed or damaged. He also noted that some people trying to escape the fighting are afraid they’ll be taken to Russia or Russian-controlled areas.
More than 1 million people, including nearly 200,000 children, have been taken from Ukraine to Russia, Russia’s Defense Ministry said Monday, according to state-owned news agency TASS. Defense Ministry official Mikhail Mizintsev said that number included 11,550 people in the previous 24 hours, “without the participation of the Ukrainian authorities.”
Zelenskyy said that the U.N. assured him people fleeing Mariupol would be allowed to go to areas his government controls.
Separate from the official evacuations, some Mariupol residents left on their own, often in damaged private cars.
As sunset approached Monday, Mariupol resident Yaroslav Dmytryshyn rattled up to a reception center in Zaporizhzhia in a car with a back seat full of youngsters and two signs taped to the back window: “Children” and “Little ones.”
“I can’t believe we survived,” he said, looking worn but in good spirits after two days on the road.
“There is no Mariupol whatsoever,” he said. “Someone needs to rebuild it, and it will take millions of tons of gold.”
___
Associated Press journalists Inna Varenytsia and David Keyton in Kyiv, Jon Gambrell and Yuras Karmanau in Lviv, Mstyslav Chernov in Kharkiv, and AP staff around the world contributed to this report.
___
Follow AP’s coverage of the war in Ukraine: https://apnews.com/hub/russia-ukraine
Copyright 2022 The Associated Press. All rights reserved. | https://www.whsv.com/2022/05/03/us-official-russia-plans-annex-parts-eastern-ukraine/ | 2022-05-03T10:36:00Z |
NEW YORK, May 3, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of AbbVie Inc. (NYSE: ABBV) alleging that the Company violated federal securities laws.
Class Period: April 30, 2021 to August 31, 2021
Lead Plaintiff Deadline: June 6, 2022
No obligation or cost to you.
Learn more about your recoverable losses in ABBV:
https://www.kleinstocklaw.com/pslra-1/abbvie-inc-loss-submission-form-2?id=26595&from=4
AbbVie Inc. NEWS - ABBV NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that AbbVie Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) safety concerns about Pfizer Inc.'s drug Xeljanz extended to Abbvie's drug Rinvoq and to other Janus kinase enzyme inhibitor drugs; (2) as a result, it was likely that the U.S. Food and Drug Administration would require additional safety warnings for Rinvoq and would delay the approval of additional treatment indications for Rinvoq; and (3) therefore, defendants' statements about the Company's business, operations, and prospects lacked a reasonable basis.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in AbbVie you have until June 6, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased AbbVie securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the ABBV lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/abbvie-inc-loss-submission-form-2?id=26595&from=4.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com
View original content:
SOURCE The Klein Law Firm | https://www.whsv.com/prnewswire/2022/05/03/abbv-alert-klein-law-firm-announces-lead-plaintiff-deadline-june-6-2022-class-action-filed-behalf-abbvie-inc-shareholders/ | 2022-05-03T10:36:06Z |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.