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LOS ANGELES--(BUSINESS WIRE)--Dec 16, 2024-- EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”) announced today that EVgo Holdings, LLC, an affiliate of LS Power Equity Partners IV, L.P. (“LS Power”), intends to offer for sale in an underwritten public secondary offering 23,000,000 shares of Class A common stock, par value $0.0001 per share (the “Class A Shares”) of the Company. LS Power expects to grant the underwriters a 30-day option to purchase up to an additional 3,450,000 Class A Shares at the public offering price, less the underwriting discounts and commissions. No Class A Shares are being sold by the Company. LS Power will receive all of the proceeds from the sale of Class A Shares in the offering, and the Company will not receive any proceeds from this offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. J.P. Morgan, Goldman Sachs & Co. LLC, Morgan Stanley and Evercore ISI are acting as lead book-running managers for the offering. The Company has filed a registration statement (including a base prospectus) and a preliminary prospectus supplement relating to these securities with the Securities and Exchange Commission (the “SEC”). The registration statement became effective on August 25, 2022. The offering is being made only by means of a prospectus supplement (including the accompanying base prospectus), copies of which may be obtained, when available, from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by email at and , Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282-2198, or by telephone: (866) 471-2526 or email: , Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, and Evercore Group, L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, New York 10055, or by telephone at (888) 474-0200 or email: . This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful without registration or qualification under the securities laws of any such state or jurisdiction. EVgo (Nasdaq: EVGO) is one of the nation’s leading public fast charging providers. With more than 1,000 fast charging stations across 40 states, EVgo strategically deploys localized and accessible charging infrastructure by partnering with leading businesses across the U.S., including retailers, grocery stores, restaurants, shopping centers, gas stations, rideshare operators, and autonomous vehicle companies. At its dedicated Innovation Lab, EVgo performs extensive interoperability testing and has ongoing technical collaborations with leading automakers and industry partners to advance the EV charging industry and deliver a seamless charging experience. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act, as amended. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “going to,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these words or other similar terms or expressions that concern the Company’s expectations, strategy, priorities, plans or intentions. Forward-looking statements in this press release include, but are not limited to, statements relating to the completion, timing and size of the public offering and LS Power’s expectation to grant the underwriters a 30-day option to purchase additional shares. These forward-looking statements are based on management’s current expectations or beliefs and are subject to numerous assumptions, risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, including, without limitation, risks and uncertainties related to the ability of EVgo and LS Power to complete the proposed offering on the anticipated terms or at all, market conditions and the satisfaction of closing conditions related to the proposed public offering. Additional risks and uncertainties that could affect the Company’s financial results are included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in EVgo’s Annual Report on Form 10-K for the year ended December 31, 2023 and its Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2024, June 30, 2024 and September 30, 2024 as well as its other filings with the SEC, copies of which are available on EVgo’s website at , and on the SEC’s website at . All forward-looking statements in this press release are based on information available to us as of the date hereof, and EVgo does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law. View source version on : CONTACT: For Investors: Media: KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: EV/ELECTRIC VEHICLES BATTERIES ALTERNATIVE VEHICLES/FUELS GENERAL AUTOMOTIVE AFTERMARKET TECHNOLOGY AUTONOMOUS DRIVING/VEHICLES AUTOMOTIVE OTHER TRANSPORT AUTOMOTIVE MANUFACTURING TRANSPORT MANUFACTURING SOURCE: EVgo Copyright Business Wire 2024. PUB: 12/16/2024 04:10 PM/DISC: 12/16/2024 04:10 PM

Palantir Technologies Inc PLTR can thank Elon Musk for its 275% year-to-date gain, according to Jim Cramer . What To Know: Palantir, which rallied nearly 50% over just the past month, maybe the only stock outshining Nvidia Corp NVDA this year, Cramer said Tuesday on CNBC’s “Squawk On The Street.” While both companies have recorded significant gains in 2024 driven by their positioning in the AI space, Cramer credits Musk for driving the recent momentum in Palantir shares. “Palantir is up a lot because I believe Musk is going to turn to them and say, ‘The Defense Department, it’s yours ... get rid of all those people,'” Cramer said. President-elect Donald Trump recently announced plans to nominate Musk and Vivek Ramaswamy to a new Department of Government Efficiency (DOGE) in an effort to curtail government spending. Cramer suggested that DOGE could turn to Palantir for help cutting defense budget spending. He noted that most people don’t realize that some government departments could be cut back substantially. The Tesla CEO could look to Palantir to modernize the Defense Department and reduce reliance on outdated methods of warfare. Palantir is adamant about creating systems that don’t put people in harm’s way, but the Defense Department is stuck in its ways, Cramer said. See Also: Musk, Ramaswamy Should Target TransDigm In Budget Cuts, Short Report Says: ‘Target #1’ For D.O.G.E. Why It Matters : Cramer’s take underscores how influential Musk is expected to be under the incoming Trump administration. It’s worth noting that DOGE wouldn’t actually be able to cut federal spending since it isn’t a real government department, and would need to be created with congressional approval. And Congress authorizes all federal spending, including to the Defense Department. “They like big things. Big expensive programs. Alex [Karp] is not like that,” Cramer said, referring to Palantir’s CEO. “Palantir has the next generation of how we’re going to do cyber warfare and the idea of just hardware, hardware, hardware that is constantly over budget is the kind of thing that I think Musk is really after.” Palantir shares ripped higher at the beginning of November after the company reported strong quarterly results driven by “unrelenting” AI demand. Revenue jumped 30% year-over-year and customer count climbed 39% on continued strength in the U.S. “The growth of our business is accelerating, and our financial performance is exceeding expectations as we meet an unwavering demand for the most advanced artificial intelligence technologies from our U.S. government and commercial customers," Karp said earlier this month. Price Action: Palantir shares were up 0.31% at $64.85 at the time of publication, according to Benzinga Pro . Read Next: Jim Cramer’s Apple Endorsement Sparks ‘Inverse Cramer’ Backlash As Social Media Users Mock His ‘Own It’ Advice Photo: Shutterstock. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.William Ren, Founder and CEO of GlobalStar, Recognized in Forbes China's 2024 Top 100 Most Influential Chinese Elites 12-16-2024 09:52 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: Getnews / PR Agency: SHENZHEN HMEDIUM INFORMATION TECHNOLOGY CO.,LTD In October, Forbes China unveiled its "2024 Top 100 Most Influential Chinese Elites" list, celebrating William Ren, the founder and CEO of GlobalStar, for his remarkable achievements in the international influencer marketing space. Image: https://www.globalnewslines.com/uploads/2024/12/6cd51b8ee5e9ead91cd04b78553e63e6.jpg William Ren received the award for being named to Forbes China's 2024 Top 100 Most Influential Chinese Elites at the ceremony. Founded by William in 2021, GlobalStar has quickly established itself as a leader in influencer marketing for 3C consumer electronics in the North American and European markets. With over 150% annual revenue growth for three consecutive years, the company now partners with more than 200 top-tier global brands, including Anker, DJI, TCL, Roborock, and Ecoflow. As the fastest-growing player in influencer marketing within the smart hardware niche, GlobalStar has expanded its presence with offices in North America, Europe, and Asia. William's inclusion on this prestigious list reflects his innovative leadership and GlobalStar's growing influence in the global market. Image: https://www.globalnewslines.com/uploads/2024/12/c3b066b5376cbea759b194595dc8f7e1.jpg William Ren, Founder and CEO of GlobalStar GlobalStar's success stems from William and his core team's relentless pursuit of market insights and operational excellence. The company, which began on Canada's west coast, has since expanded its operations to include professional teams in Los Angeles, Hamburg, and Asia. GlobalStar has developed a sophisticated Standard Operating Procedure (SOP). This system encompasses AI-powered market research, strategy development, trend analysis, influencer selection and engagement, campaign management, and data-driven performance analysis, enabling the company to deliver a seamless and effective service experience for its clients. On the influencer side, GlobalStar has built long-term partnerships with tens of thousands of influencers across Europe and North America. In early 2024, GlobalStar raised 2 Million USD in a Pre-A funding round, backed by leading affiliate management platform Partnerboost and Celtic House Asia Partners, a leading Silicon Valley venture firm. Investors were drawn not only to GlobalStar's rapid fast growth but also to William's exceptional leadership. "William is one of the most pragmatic and driven entrepreneurs I've encountered-he has a rare ability to say less and deliver more," said Zhang Lu, Founding Partner of Fusion Fund and an angel investor in GlobalStar. Similarly, Partnerboost praised William's team, noting, "William and his team are grounded, action-oriented, and highly effective in execution." According to Statista, the overseas influencer marketing industry is projected to reach $22.3 to $24 billion by the end of 2024. Over the next 5-10 years, influencer marketing is expected to drive significant growth in the international marketing sector, with the potential for the global market to expand more than 20 fold. Looking ahead, William aims to sustain annual triple-digit growth over the next three years, targeting collaborations with over 500 leading global smart hardware brands. His vision for the next decade is to position GlobalStar as one of the top three international platforms for influencer marketing services. About Global Star Founded by William in 2021, GlobalStar has been deeply engaged in influencer marketing within the 3C consumer electronics sector, focusing on the European and American markets. With annual revenue growth exceeding 150% for three consecutive years, the company has served over 200 leading international brands, including Anker, DJI, TCL, Roborock, and Ecoflow. Globalstar has been recognized by Forbes as the fastest-growing company in the global influencer marketing industry specializing in consumer electronics sector. GlobalStar has established offices in North America, Europe, and Asia. Media Contact Company Name: Fosmos consulting management co.,ltd. Contact Person: Matt.Sun Email: Send Email [ http://www.universalpressrelease.com/?pr=william-ren-founder-and-ceo-of-globalstar-recognized-in-forbes-chinas-2024-top-100-most-influential-chinese-elites ] City: Shanghai Country: China Website: https://www.forbeschina.com/activity/news/68987 This release was published on openPR.

By Kemberley Washington, CPA, Bankrate.com The IRS Direct File program, which lets taxpayers file their federal income tax return directly with the IRS for free, is doubling its reach to 24 states for the 2025 tax season, up from 12 states in 2024, the program’s pilot year. The Direct File program will also accept more types of tax situations for the 2025 tax season. While taxpayers who used the system in 2024 could claim a handful of tax credits, including the earned income tax credit and the child tax credit , that list is expanding in 2025 to include the child and dependent care credit , among others. An estimated 30 million taxpayers will qualify for the Direct File program in 2025, the IRS says. More than 140,000 taxpayers filed their federal tax returns through the Direct File program in 2024. About 90% of users said their experience was excellent or above average, according to a survey of about 11,000 Direct File users in 2024, conducted by the General Services Administration. “We’re excited about the improvements to Direct File and the millions more taxpayers who will be eligible to use the service this year,” said Danny Werfel, the IRS commissioner, in a statement. “Our goal is to improve the experience of tax filing itself and help taxpayers meet their obligations quickly and easily.” The IRS says that taxpayers can use Direct File when the 2025 tax season kicks off in January, and it will be available until Oct. 15, 2025. But the program’s future is somewhat unclear: In December, 29 Republican lawmakers sent a letter to President-elect Donald Trump, calling for him to end the Direct File program on his first day in office. Lawmakers in the U.S. House of Representatives also introduced legislation in July to end the Direct File program. For now, here’s what you need to know about how the IRS Direct File program works, and how to qualify for it. What is IRS Direct File? The Direct File program is a new initiative, about to enter its second year, that allows taxpayers to file their federal tax returns electronically with the IRS. The no-cost tool guides taxpayers through every part of their federal income tax return. Taxpayers can file using a smartphone, computer or tablet. One of the program’s advantages is that, if you have questions as you’re working on your return, you can get live support directly from the IRS via chat or phone. IRS representatives can answer basic tax questions and help with technical issues in English and Spanish. Who qualifies for IRS Direct File? The Direct File program has income limits, as well as limits on the types of income, deductions and credits you can enter on your tax return. Income limits For the 2025 tax season: Types of income To be eligible for Direct File, your income can come from the following sources: But if you’re self-employed, or have business or rental income, you can’t use Direct File . Same goes for IRA contributions or distributions: If you have either, you can’t use Direct File. Tax deductions You can use the IRS Direct File program only if you claim the standard deduction — the program isn’t available to people who itemize. But you can claim certain above-the-line deductions: student loan interest , educator expenses and health savings account contributions . You can’t use Direct File if you want to deduct your IRA contributions. Tax credits The Direct File program allows for the following tax credits in 2025: However, if you want to claim education credits , credits for energy efficient home upgrades or the adoption expense credit , you can’t use the Direct File program. Which states offer IRS Direct File? More taxpayers will have access to the IRS Direct File program in 2025. In 2024, the IRS kicked off the program with only 12 states; that number has expanded to 24 states for the 2025 tax season. For some of the states that participate in the IRS Direct File program, your federal return information will be transferred automatically to the state tax website, but in some cases you’ll have to re-enter your information. Visit this IRS Direct File page to get the details for your state. Here is a list of the participating states: What if you’re not eligible to use Direct File? If you don’t qualify for the IRS Direct File program, you may have other options to file your tax return for free. In addition to Direct File, the IRS offers the Free File program, in which it partners with online tax software providers to provide free federal income tax return filing. Some providers also allow you to file a state income tax return. For the 2024 tax season, your adjusted gross income had to be less than $79,000 to qualify for the Free File program. That dollar threshold is likely to rise slightly for the 2025 tax season. The IRS also offers the Volunteer Income Tax Assistance (VITA) program, which provides certified volunteers to prepare basic tax returns if you earn less than $67,000 a year, are disabled, or speak limited English. You can find a site near you by visiting this IRS page . ©2024 Bankrate.com. Distributed by Tribune Content Agency, LLC.

Humacyte (NASDAQ:HUMA) Shares Up 6% – What’s Next?Homeland Security chief Alejandro Mayorkas easily dodged the softball questions from CNN when asked about the mysterious drones flying above New Jersey. The CNN interview on December 13 was a layup for Mayorkas, largely because CNN’s Wolf Blitzer did not ask Mayorkas the core question: Are these unidentified aircraft operated by the federal government or one of its subcontractors? Instead, Wolfe asked a series of puffball questions that Mayorkas confidently evaded with generalities, off-subject comments, and by ignoring the question. Mayorkas is a lawyer. He has used his verbal skills since 2021 to evade and escape the sloppy questions by politicians and journalists about the border crisis created by his determined welcome for at least 7 million illegal migrants. President-elect Donald Trump, however, got straight to the point with a December 13 post: Mayorkas is the man to ask about the drones because he is supposed to protect Americans from emerging threats, and his deputies are in routine contact with other government agencies that might be developing and testing classified drones, for example, to detect gamma rays from smuggled nuclear bombs. His department’s website says : One of the Department’s top priorities is to resolutely protect Americans from terrorism and other homeland security threats by preventing nation-states and their representatives, transnational criminal organizations, and groups or individuals from engaging in terrorist or criminal acts that threaten the Homeland. Government officials are often very cautious about their media appearance. They can and do negotiate conditions and questions with media outlets — especially with TV hosts who crave the “get” of hosting important figures for useful or pointless interviews. Wolfe began the six-minute interview with a softball question, asking Mayorkas, “What can you say to those Americans who are deeply concerned right now about all these sightings over New Jersey, New York, here and outside of Washington, D.C., in Maryland?” “Let me calm those nerves,” Mayorkas condescendingly responded as he refused to admit, describe, or explain the visible aircraft: We have not seen anything unusual. We have not seen any unusual activity. We know of no threat, we know of no nefarious activity. I want to repeat that we have not seen anything unusual ... It is very common for individuals who think they see drones to actually see small aircraft, and we have a case of mistaken identity. Also, we have six different people reporting what they think is a drone, and all of a sudden we have reports of six drone sightings. Then he offered an irrelevant diversion, stating, “I have been in touch with [New Jersey] Governor Murphy every day.” Blitzer then changed the subject to comments from President-elect Donald Trump. In turn, Mayorkas talked about a pending bill that would allow federal agencies to counter drone activities on the U.S. border. Next, Blitzer changed the subject to a sharp question from Rep. Jeff Van Drew (R-NJ), who asked, “Why don’t they take one of them down, analyze it, and let us know what’s really happening?” Mayorkas simply changed the subject: Well, first of all, we have experts, and you should not diminish the extent of their expertise and the extent of their dedication to the well-being of the American people. These are individuals who dedicate their careers to the safety and security of the United States of America, number one. Wolfe then edged towards an interesting question by asking, “Do you have the authority to shoot down drones?” Mayorkas narrowed and dodged the question, saying, “Our authorities are very limited ... We can’t just shoot a drone out of the sky.” “Wouldn’t it be smart to at least get a look at these drones to see if they are armed?” Blitzer asked. Mayorkas simply changed the subject, stating, “Wolf, there is no question that technology has advanced in the realm of drones.” Mayorkas is a pro-government progressive who has used his time at the department to import more than 10 million legal and illegal migrants. He was impeached by the GOP-run House in January 2024 for “failure to comply with Federal immigration laws and breaching the public trust,” but was let off by the Democratic-led Senate in April 2024.Perthera Finds Survival Differences in Lung vs. Liver Metastasis in New Study

Michelle Obama Dunked on After Touting Self-Help Workbook with 'Techniques,' 'Exercises' to Deal with Anxious TimesA Michigan man now has a college fund for his children thanks to work by Iowa Treasurer Roby Smith and State Rep. Mike Vondran, who helped reunite him with more than $317,000 in lost property. Smith and Vondran marked the found funds with an event at the Scott County Treasurer's Office Tuesday morning. The connection was made as part of the Great Iowa Treasure Hunt . Each year, millions of dollars are turned over to the state treasurer for safekeeping after financial institutions and businesses lose contact with the owner. Every effort is made to return the assets back to the rightful owner or their heirs. Examples include dormant checking and savings accounts, uncashed checks, lost stocks and bonds, utility security refunds and insurance benefits, according to a news release. People are also reading... Smith said he gave Vondran a list of the top 100 people in his district with unclaimed property. This was by far the largest amount, Vondran said. "Mine range from a low of $12,000 to a high of $317,000. It's an amazing thing when you find these resources, these legacies have just kind of disappeared on people and they wind up here," Vondran said. "These dollars have to go somewhere, by law, so they wind up in this account, and many people just lose track of things." The check presented on Tuesday was a result of a family member passing and their assets getting lost in the process, he said. "This individual's legacy was sitting in the account without an attachment to family and heirs, and we were able to find the single heir," he said. But, there was a catch. When Vondran called the heir — a man named Robert who resides in Michigan — Robert thought it was all a lie. "(Robert) actually called me one day out of the blue, after me leaving repeated messages, and said, 'Hey, I'm so sorry. I thought it was a scam. I was actually traveling through the Quad-Cities ... visiting with family, and referenced this and said, 'You can't believe what just happened to me,''" Vondran recounted. "And his distant cousin said, 'Well, I know Mike. He's my representative.' And then we called and made the connection." Vondran sent over the proper paperwork and in less than two weeks, Robert, who was not present Tuesday, was united with the lost family money, which he plans to use for his children's college fund, Vondran said. "It's a great story, and it's one of the largest (returns) in the history of Scott County," Smith said. "We gave out a record number last year, almost $35 million was the record in the history of Iowa, that we've given back. And the top amount was around the $4 million but I can tell you, as part of the history, this is up there for Scott County." The state has more than $566 million it is looking to return to its rightful owners, Smith said. Anyone who would like to search for a claim can go to www.greatiowatreasurehunt.gov and type in their information. Illinois residents can search a similar program in their state at icash.illinoistreasurer.gov . Iowa's Lucy Olsen and Taylor Stremlow discuss the Hawkeyes' win over Washington State in Iowa City at Carver-Hawkeye Arena on Sunday, Nov. 24. (Ethan Petrik/Quad-City Times) Photos: Quad City Arts Festival of Trees Parade and opening of Festival of Trees Exchange students visiting the Quad-Cities through the Rotary Young Exchange of the Moline Rotary got to see the 32nd annual Quad City Arts Festival of Trees Holiday Parade and partake in the 39th annual Festival of Trees at the Davenport RiverCenter. Former KWQC TV personality Paula Sands waves to the crowd. Sands was Parade Marshal for Channel 6. Santa and Mrs. Claus wave to the crowd during the 32nd annual Quad City Arts Festival of Trees Parade in downtown Davenport on Saturday. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. The Quad City Arts Festival of Trees opened Saturday and runs through Dec. 1 at the Davenport RiverCenter. Arts for the kids is one of the many attractions this year at the Quad City Arts Festival of Trees being held through Dec. 1 at the Davenport RiverCenter. The Quad City Arts Festival of Trees opened Saturday and runs through Dec. 1 at the Davenport RiverCenter. The Quad City Arts Festival of Trees opened Saturday and runs through Dec. 1 at the Davenport RiverCenter. The Quad City Arts Festival of Trees opened Saturday and runs through Dec. 1 at the Davenport RiverCenter. The Quad City Arts Festival of Trees opened Saturday and runs through Dec. 1 at the Davenport RiverCenter. The Quad City Arts Festival of Trees opened Saturday and runs through Dec. 1 at the Davenport RiverCenter. The Quad City Arts Festival of Trees opened Saturday and runs through Dec. 1 at the Davenport RiverCenter. The Quad City Arts Festival of Trees opened Saturday and runs through Dec. 1 at the Davenport RiverCenter. The Quad City Arts Festival of Trees opened Saturday and runs through Dec. 1 at the Davenport RiverCenter. The Quad City Arts Festival of Trees opened Saturday and runs through Dec. 1 at the Davenport RiverCenter. Kids play in the globe at the Quad City Arts Festival of Trees which opened Saturday and runs through Dec. 1 at the Davenport RiverCenter. The Quad City Arts Festival of Trees opened Saturday and runs through Dec. 1 at the Davenport RiverCenter. Braelynn Armstrong, 4, holds onto her mother's hand as she tells Santa her Christmas wishes from a distance. Santa will be hearing wishes during the 39th annual Quad City Arts Festival of Trees that opened Saturday and runs through Dec. 1 at the Davenport RiverCenter. Bentley Armstrong, 11 months, sits quietly on Santa's lap on Saturday during the 39th annual Quad City Arts Festival of Trees that opened Saturday and runs through Dec. 1 at the Davenport RiverCenter. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Davenport Police Sgt. Eric Gruenhagen watches the route of the 32nd annual Quad City Arts Festival of Trees Holiday Parade on Saturday in Davenport. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people, young and old, lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people, young and old, lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Davenport police take the point and begin the 32nd annual Quad City Arts Festival of Trees Holiday Parade on Saturday in downtown Davenport. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. The Moline Maroons March Band makes its way down Davenport's 3rd Street as part of the 32nd annual Quad City Arts Festival of Trees Holiday Parade on Saturday. The Moline Maroons Marching band high steps it down Davenport's 3rd Street during the 32nd annual Quad City Arts Festival of Trees Holiday Parade held Saturday. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people young and old lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Parade goers young and old found the candy during the 32nd annual Quad City Arts Festival of Trees Holiday Parade held Saturday in Davenport. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people young and old lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Thousands of people lined the streets of downtown Davenport on Saturday for the 32nd annual Quad City Arts Festival of Trees Parade. Get Government & Politics updates in your inbox! Stay up-to-date on the latest in local and national government and political topics with our newsletter. {{description}} Email notifications are only sent once a day, and only if there are new matching items.

In a breakthrough advancement in cancer treatment , scientists have developed an innovative approach that can aid in converting colon cancer cells into healthy ones without the need to kill them. This could help minimize the severe side effects from the traditional cancer treatments like chemotherapy that attempt to kill the cancer cells for achieving remission. This astonishing method has been found by the researchers at Korea Advanced Institute of Science and Technology (KAIST) which can potentially prevent cancer recurrence. Traditional cancer therapies like surgery, chemotherapy, and radiation, aim to remove, destroy, or shrink cancerous cells and tumors. Surgery involves physically removing the tumor, while chemotherapy uses powerful drugs to target and kill fast-growing cancer cells throughout the body. Radiation therapy utilizes high-energy beams, like X-rays, to damage the DNA of cancer cells, preventing them from growing and dividing. These treatments are designed to eliminate cancer cells while attempting to minimize damage to surrounding healthy tissues. Professor Kwang-Hyun Cho of the Department of Bio and Brain Engineering said the fact that cancer cells can be converted back to normal cells is an astonishing phenomenon and this study proves that such reversion can be systematically induced. More about the study The study, published in the journal of Advanced Science, introduces a computational framework called BENEIN (single-cell Boolean network inference and control) designed to identify master regulators that control cellular differentiation trajectories, with potential applications for cancer reversion. Traditional cancer therapies are limited, but cancer reversion , which involves reverting cancer cells to a non-malignant state, could offer a new therapeutic approach. To identify key genes involved in this process, BENEIN analyzes single-cell transcriptome data to model gene regulatory networks (GRNs) and determine which master regulators can induce differentiation. In their study, the authors applied BENEIN to human intestinal cells and identified three key regulators—MYB, HDAC2, and FOXA2—that inhibit enterocyte differentiation. When these regulators were simultaneously knocked down in colorectal cancer cells, the cells reverted to a more normal-like state. This approach was also validated in mouse models. The BENEIN framework could be a powerful tool to uncover potential targets for cancer reversion and other biological processes by pinpointing key regulatory molecules that control differentiation pathways. The trouble with conventional cancer treatments is that their focus is on eradicating cancer cells. This faces two key challenges: potential for cancer cells to develop resistance and return, and the collateral damage to healthy cells , which can result in side effects. The new research targets the root cause of cancer development. The research is based on the idea that cancer cells, during their transformation from normal cells, regress along the differentiation trajectory—the process by which normal cells mature into specific functional types. The new approach can transform cancer treatment by targeting the genetic mechanisms underlying cell transformation. This can also help prevent patients from cancer recurrence and the debilitating side effects that come from cancer treatment. Researchers find cancer-related fibroblasts induce drug sensitivity

Bengaluru - The Indian government is reportedly looking to relax some conditions for Mr Elon Musk’s satellite high-speed internet company, suggesting that Starlink might soon obtain regulatory approval to operate in India after a marathon pursuit. Data security concerns and pushback from domestic telecom companies have delayed Starlink’s approval since 2021, when it opened an Indian subsidiary and accepted pre-registrations but was warned by India not to do so without a licence. Decisions have been complicated by Mr Musk’s close relationship with incoming US president Donald Trump, with Prime Minister Narendra Modi’s government wary of upsetting the politically influential billionaire. India is also keen for Mr Musk to fulfil his promise of building a factory in the country for his Tesla electric cars. The American company’s impending arrival in the world’s second-largest telecommunications market could transform the provision of fast, affordable, and reliable internet to underserved regions in India, particularly in remote areas. Some 37 per cent of the 1.4 billion people in India are still without internet access , according to EY-Parthenon, a consulting company. Unlike terrestrial internet providers, which rely on cables or fibre-optic infrastructure, satellite connectivity is ideal for reaching rural, remote, or hilly areas where laying cables is impractical or too expensive. Starlink is already operating in more than 100 countries and has capabilities that are superior to its rivals, but it has not been straightforward to get a foot in India’s door. In October, India’s Telecom Minister Jyotiraditya Scindia said Starlink must address the government’s security concerns before licence approval is given to the satellite-based internet service launched by Mr Musk’s aerospace company, SpaceX. India’s National Security Directive on the Telecommunications Sector (NSDTS) mandates that telecom service providers procure and deploy trusted product or components from trusted sources only. Starlink has requested exemptions from certain provisions, citing technical limitations, to operate in India. Experts said that India would relax only some restrictions. “It’s not unusual for telecom operators to get exemptions or interim exemptions from NSDTS (so that they can use the equipment), especially for something that is non-critical, as long as they promise to comply with it later,” said telecom and public policy consultant, Mr Prasanto K. Roy. But he added that the Indian government’s greater concern would be about satellite calls that it cannot intercept in case of a security threat. “Starlink would have to provide government agencies call data records on demand, and pass all calls through a gateway located in India that would also allow interception if legally demanded,” said Mr Roy. Starlink’s exact licensing terms are not known publicly. The Ministry of Communications and SpaceX did not respond to ST’s queries. Mr Musk’s appointment to a US government department in Mr Trump’s future administration worries some experts in India, as the businessman is now a political individual. As an American company, Starlink would already be governed by the Reforming Intelligence and Securing America (RISA) Act, which allows the US government to gain access to data in the satellite spectrum, noted Mr Nikhil Pahwa, founder of the website MediaNama, which analyses technology and telecom policy. “Someone who might potentially be able to use the companies he owns for political gain is someone we need to think twice about,” he said. Mr Pahwa added that “internet connectivity must be neutral”. Satellite communication is a small, niche sector in India. It currently stands at US$2.3 billion (S$3 billion) a year, but a KPMG India report expects it to reach US$20 billion by 2028. While the Elon Musk-led Starlink and Amazon’s Project Kuiper await Indian government operating approvals, the two Indian telecom companies that control 80 per cent of the terrestrial internet market have already received authorisations to launch their own satellite-based internet services. In November 2023, Bharti Group-backed OneWeb India received authorisation to launch French operator Eutelsat’s commercial satellite broadband services. In June 2024, Jio Satellite Communications, a joint venture between Luxembourg-based SES Astra and Mr Mukesh Ambani’s Reliance Jio, also received approval to offer satellite connectivity. But analysts believe that technically, Starlink has a significant advantage over other satellite communication providers, not just in India but globally. Non-profit orbital data tracker CelesTrak said that SES operates 38 medium-earth orbit satellites at a high altitude, beaming signals to receivers that provide internet connectivity. Eutelsat OneWeb’s network features more than 630 satellites at 1,200km above earth in low orbit. In comparison, as of September 2024, Starlink had 6,426 low-earth orbit satellites at some 550km from the planet’s surface, offering faster service. SpaceX plans to eventually have as many as 42,000 satellites as part of its ‘megaconstellation’. Not only is Mr Musk in a better position today to dominate satellite connectivity, but analysts also expect him to adopt aggressive pricing policies like he did in Kenya, where Starlink charged customers US$10 per month as opposed to US$120 in the US. Mr Musk’s immense wealth would allow him to take some initial losses from discounts on Starlink installation kits or monthly bills, some experts said. This could undercut domestic competitors in a price sensitive Indian market. Mr Gareth Owen, associate director at research firm Counterpoint, however, told Reuters that some of the fears about Mr Musk might be overstated, as “terrestrial networks will always be less expensive (and) businesses will never switch completely to satellite”. Starlink’s competitors in India are doing all they can to prevent or delay its entry to the market. Mr Ambani, whose Reliance Jio leads the Indian market, is calling for an auction to allocate satellite spectrum or airwaves, like India does for terrestrial internet, while Mr Musk is happy with administrative allocation, or direct licensing by the government, as is now the case. Unlike terrestrial spectrum used for mobile communications, satellite spectrum has no national territorial limits and is a globally shared resource. The efficient allocation of satellite spectrum is overseen globally by the International Telecommunication Union (ITU), a UN agency. “As a signatory to the ITU Treaty, India is bound by its international standard of administratively allocating spectrum,” said Mr Roy. Most countries follow direct allocations, but the US did conduct auctions for allocating spectrum along orbital slots in 2004. When this turned out not to be feasible, it reverted to administrative allocations. The country now charges annual regulatory and licence fees. The Indian government changed the telecommunication law in 2023 to require an administrative allocation of satellite spectrum. In October, Telecom Minister Scindia indicated that the government would administratively allocate satellite spectrum to Starlink in keeping with global practice. Jio expressed concerns in a Nov 15 letter to the Telecom Regulatory Authority of India that a direct allocation would not create a level-playing field. Starlink reportedly said in its submission, however, that the Indian operators were “transparently self-serving”. Experts agree on the need for internet access to remote areas and greater competition in the Indian telecom sector dominated by a duopoly, but are divided on how licences should be given. Mr Roy said that an administrative allocation for satellite spectrum “made more sense” because “auctions are expensive, and ultimately the cost will be transferred to the consumer”. But, given the country’s history of corruption and arbitrariness in the allocation of 2G spectrum, some believe that auctions are the best model for India. In fact, the Supreme Court in 2012 cancelled the allocation of terrestrial spectrum licences in favour of auctions, to limit the discretionary powers of the government. The court rejected a government petition in May 2024 to clarify if the verdict also applied to satellite spectrum. “It’s a lesson India learnt, and we should not go back on that. Administrative allocation lacks transparency, and leaves room for discretion and corruption. Auctions are the most transparent, corruption-free and apolitical way to make a decision,” said Mr Pahwa. Vodafone Idea, Airtel and the Cellular Operators Association of India advocate a differentiated pricing strategy, where spectrum should be auctioned when serving urban areas to level the playing field with terrestrial networks which compete there, while administrative pricing could apply only for remote areas with fewer commercial players to improve access while keep prices there low. He added that auctions in the past created healthy competition as it allowed many new players to enter the market, like Norwegian operator Telenor, Russian telco Systema, and the UAE’s Etisalat. Mr Musk’s unfulfilled promise of a Tesla factory in India also hangs in the balance. There were hurried developments since 2021 as Tesla tried to reduce import duties on its electric cars, and even set up an office in Pune, but after Mr Musk cancelled a much-touted visit to India in 2024, talks have stalled. “We know that India is under pressure to give Starlink the right to provide internet access in exchange for a Tesla factory it has long wanted. But allocation of a public resource like spectrum should not be a trade, or a political or geopolitical decision,” Mr Pahwa warned.Rabada unlikely batting star as South Africa edge Pakistan in thriller

Canadian Pacific Kansas City Limited (NYSE:CP) Shares Acquired by JPMorgan Chase & Co.US to require passenger vehicles to sound alarms if rear passengers don’t fasten their seat belts

WASHINGTON — President-elect Donald Trump has identified what he sees as an all-purpose fix for what ails America: Slap huge new tariffs on foreign goods entering the United States. On Monday, Trump sent shockwaves across the nation's northern and southern borders, vowing sweeping new tariffs on Mexico, Canada , as well as China, as soon as he takes office as part of his effort to crack down on illegal immigration and drugs. In a pair of posts on his Truth Social site Trump railed against an influx of immigrants lacking permanent legal status, even though southern border apprehensions have been hovering near four-year lows. He said he would impose a 25% tax on all products entering the country from Canada and Mexico, and an additional 10% tariff on goods from China, as one of his first executive orders. He said the new tariffs would remain in place “until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!” The president-elect asserts that tariffs — basically import taxes — will create more factory jobs, shrink the federal deficit, lower food prices and allow the government to subsidize childcare. Economists are generally skeptical, considering tariffs to be a mostly inefficient way for governments to raise money. They are especially alarmed by Trump’s latest proposed tariffs. Carl B. Weinberg and Rubeela Farooqi, economists with High Frequency Economics said Tuesday that energy, automobiles and food supplies will be particularly hit hard. “Imposing tariffs on trade flows into the United States without first preparing alternative sources for the goods and services affected will raise the price of imported items at once," Weinberg and Farooqi wrote. "Since many of these goods are consumer goods, households will be made poorer.” High Frequency Economics believes the threats are not meant to support new trade policy and are instead a tool to elicit some changes along the borders and for imports from Canada, Mexico and China. Though Vice President Kamala Harris criticized Trump’s tariff threats as unserious during her failed bid for the presidency, the Biden-Harris administration retained the taxes the Trump administration imposed on $360 billion in Chinese goods. And it imposed a 100% tariff on Chinese electric vehicles. Indeed, the United States in recent years has gradually retreated from its post-World War II role of promoting global free trade and lower tariffs. That shift has been a response to the loss of U.S. manufacturing jobs, widely attributed to unfettered trade and an increasingly aggressive China. Tariffs are a tax on imports They are typically charged as a percentage of the price a buyer pays a foreign seller. In the United States, tariffs are collected by Customs and Border Protection agents at 328 ports of entry across the country. The tariff rates range from passenger cars (2.5%) to golf shoes (6%). Tariffs can be lower for countries with which the United States has trade agreements. For example, most goods can move among the United States, Mexico and Canada tariff-free because of Trump’s US-Mexico-Canada trade agreement. There's much misinformation about who actually pays tariffs Trump insists that tariffs are paid for by foreign countries. In fact, its is importers — American companies — that pay tariffs, and the money goes to U.S. Treasury. Those companies, in turn, typically pass their higher costs on to their customers in the form of higher prices. That's why economists say consumers usually end up footing the bill for tariffs. Still, tariffs can hurt foreign countries by making their products pricier and harder to sell abroad. Yang Zhou, an economist at Shanghai’s Fudan University, concluded in a study that Trump’s tariffs on Chinese goods inflicted more than three times as much damage to the Chinese economy as they did to the U.S. economy Tariffs are intended mainly to protect domestic industries By raising the price of imports, tariffs can protect home-grown manufacturers. They may also serve to punish foreign countries for committing unfair trade practices, like subsidizing their exporters or dumping products at unfairly low prices. Before the federal income tax was established in 1913, tariffs were a major revenue driver for the government. From 1790 to 1860, tariffs accounted for 90% of federal revenue, according to Douglas Irwin, a Dartmouth College economist who has studied the history of trade policy. Tariffs fell out of favor as global trade grew after World War II. The government needed vastly bigger revenue streams to finance its operations. In the fiscal year that ended Sept. 30, the government is expected to collect $81.4 billion in tariffs and fees. That's a trifle next to the $2.5 trillion that's expected to come from individual income taxes and the $1.7 trillion from Social Security and Medicare taxes. Still, Trump wants to enact a budget policy that resembles what was in place in the 19th century. He has argued that tariffs on farm imports could lower food prices by aiding America’s farmers. In fact, tariffs on imported food products would almost certainly send grocery prices up by reducing choices for consumers and competition for American producers. Tariffs can also be used to pressure other countries on issues that may or may not be related to trade. In 2019, for example, Trump used the threat of tariffs as leverage to persuade Mexico to crack down on waves of Central American migrants crossing Mexican territory on their way to the United States. Trump even sees tariffs as a way to prevent wars. “I can do it with a phone call,’’ he said at an August rally in North Carolina. If another country tries to start a war, he said he’d issue a threat: “We’re going to charge you 100% tariffs. And all of a sudden, the president or prime minister or dictator or whoever the hell is running the country says to me, ‘Sir, we won’t go to war.’ ” Economists generally consider tariffs self-defeating Tariffs raise costs for companies and consumers that rely on imports. They're also likely to provoke retaliation. The European Union, for example, punched back against Trump’s tariffs on steel and aluminum by taxing U.S. products, from bourbon to Harley-Davidson motorcycles. Likewise, China responded to Trump’s trade war by slapping tariffs on American goods, including soybeans and pork in a calculated drive to hurt his supporters in farm country. A study by economists at the Massachusetts Institute of Technology, the University of Zurich, Harvard and the World Bank concluded that Trump’s tariffs failed to restore jobs to the American heartland. The tariffs “neither raised nor lowered U.S. employment’’ where they were supposed to protect jobs, the study found. Despite Trump’s 2018 taxes on imported steel, for example, the number of jobs at U.S. steel plants barely budged: They remained right around 140,000. By comparison, Walmart alone employs 1.6 million people in the United States. Worse, the retaliatory taxes imposed by China and other nations on U.S. goods had “negative employment impacts,’’ especially for farmers, the study found. These retaliatory tariffs were only partly offset by billions in government aid that Trump doled out to farmers. The Trump tariffs also damaged companies that relied on targeted imports. If Trump’s trade war fizzled as policy, though, it succeeded as politics. The study found that support for Trump and Republican congressional candidates rose in areas most exposed to the import tariffs — the industrial Midwest and manufacturing-heavy Southern states like North Carolina and Tennessee.Empire State Realty Trust, Inc. ( NYSE:ESRT – Get Free Report ) EVP Thomas P. Durels sold 10,000 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $10.10, for a total value of $101,000.00. Following the sale, the executive vice president now owns 86,807 shares in the company, valued at $876,750.70. The trade was a 10.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website . Empire State Realty Trust Stock Performance Shares of NYSE:ESRT opened at $10.19 on Friday. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 1.23. Empire State Realty Trust, Inc. has a 1-year low of $8.78 and a 1-year high of $11.62. The stock has a market capitalization of $1.70 billion, a P/E ratio of 37.74 and a beta of 1.40. The business has a 50-day moving average price of $10.82 and a two-hundred day moving average price of $10.49. Empire State Realty Trust ( NYSE:ESRT – Get Free Report ) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.16). Empire State Realty Trust had a return on equity of 2.73% and a net margin of 6.22%. The business had revenue of $199.60 million for the quarter. During the same period last year, the business posted $0.25 earnings per share. Equities analysts predict that Empire State Realty Trust, Inc. will post 0.93 earnings per share for the current year. Empire State Realty Trust Dividend Announcement Analyst Upgrades and Downgrades ESRT has been the topic of a number of research analyst reports. StockNews.com lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, November 2nd. BMO Capital Markets raised their price target on shares of Empire State Realty Trust from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Finally, Wells Fargo & Company boosted their price objective on shares of Empire State Realty Trust from $7.00 to $10.00 and gave the stock an “underweight” rating in a research report on Wednesday, September 11th. Read Our Latest Report on Empire State Realty Trust Institutional Investors Weigh In On Empire State Realty Trust A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its holdings in Empire State Realty Trust by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,758,869 shares of the real estate investment trust’s stock worth $41,648,000 after buying an additional 171,056 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Empire State Realty Trust by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,406,925 shares of the real estate investment trust’s stock valued at $37,756,000 after acquiring an additional 38,529 shares during the period. Vision Capital Corp grew its holdings in Empire State Realty Trust by 79.9% during the third quarter. Vision Capital Corp now owns 2,802,948 shares of the real estate investment trust’s stock valued at $31,057,000 after purchasing an additional 1,245,211 shares during the period. JPMorgan Chase & Co. grew its holdings in Empire State Realty Trust by 6.5% during the third quarter. JPMorgan Chase & Co. now owns 1,615,985 shares of the real estate investment trust’s stock valued at $17,905,000 after purchasing an additional 98,850 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Empire State Realty Trust by 392.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,099,288 shares of the real estate investment trust’s stock valued at $12,180,000 after purchasing an additional 875,836 shares in the last quarter. Institutional investors own 67.10% of the company’s stock. Empire State Realty Trust Company Profile ( Get Free Report ) Empire State Realty Trust, Inc (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifamily assets. The company is the recognized leader in energy efficiency and indoor environmental quality. ESRT’s flagship Empire State Building – the “World’s Most Famous Building” – includes its Observatory, Tripadvisor’s 2023 Travelers’ Choice Awards: Best of the Best the #1 attraction in the US for two consecutive years. See Also Receive News & Ratings for Empire State Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Empire State Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter .Jonah Goldberg Among elites across the ideological spectrum, there's one point of unifying agreement: Americans are bitterly divided. What if that's wrong? What if elites are the ones who are bitterly divided while most Americans are fairly unified? History rarely lines up perfectly with the calendar (the "sixties" didn't really start until the decade was almost over). But politically, the 21st century neatly began in 2000, when the election ended in a tie and the color coding of electoral maps became enshrined as a kind of permanent tribal color war of "red vs. blue." Elite understanding of politics has been stuck in this framework ever since. Politicians and voters have leaned into this alleged political reality, making it seem all the more real in the process. I loathe the phrase "perception is reality," but in politics it has the reifying power of self-fulfilling prophecy. Like rival noble families in medieval Europe, elites have been vying for power and dominance on the arrogant assumption that their subjects share their concern for who rules rather than what the rulers can deliver. In 2018, the group More in Common published a massive report on the "hidden tribes" of American politics. The wealthiest and whitest groups were "devoted conservatives" (6%) and "progressive activists" (8%). These tribes dominate the media, the parties and higher education, and they dictate the competing narratives of red vs. blue, particularly on cable news and social media. Meanwhile, the overwhelming majority of Americans resided in, or were adjacent to, the "exhausted majority." These people, however, "have no narrative," as David Brooks wrote at the time. "They have no coherent philosophic worldview to organize their thinking and compel action." Lacking a narrative might seem like a very postmodern problem, but in a postmodern elite culture, postmodern problems are real problems. Listen now and subscribe: Apple Podcasts | Spotify | Stitcher | RSS Feed | SoundStack | All Of Our Podcasts It's worth noting that red vs. blue America didn't emerge ex nihilo. The 1990s were a time when the economy and government seemed to be working, at home and abroad. As a result, elites leaned into the narcissism of small differences to gain political and cultural advantage. They remain obsessed with competing, often apocalyptic, narratives. That leaves out most Americans. The gladiatorial combatants of cable news, editorial pages and academia, and their superfan spectators, can afford these fights. Members of the exhausted majority are more interested in mere competence. I think that's the hidden unity elites are missing. This is why we keep throwing incumbent parties out of power: They get elected promising competence but get derailed -- or seduced -- by fan service to, or trolling of, the elites who dominate the national conversation. There's a difference between competence and expertise. One of the most profound political changes in recent years has been the separation of notions of credentialed expertise from real-world competence. This isn't a new theme in American life, but the pandemic and the lurch toward identity politics amplified distrust of experts in unprecedented ways. This is a particular problem for the left because it is far more invested in credentialism than the right. Indeed, some progressives are suddenly realizing they invested too much in the authority of experts and too little in the ability of experts to provide what people want from government, such as affordable housing, decent education and low crime. The New York Times' Ezra Klein says he's tired of defending the authority of government institutions. Rather, "I want them to work." One of the reasons progressives find Trump so offensive is his absolute inability to speak the language of expertise -- which is full of coded elite shibboleths. But Trump veritably shouts the language of competence. I don't mean he is actually competent at governing. But he is effectively blunt about calling leaders, experts and elites -- of both parties -- stupid, ineffective, weak and incompetent. He lost in 2020 because voters didn't believe he was actually good at governing. He won in 2024 because the exhausted majority concluded the Biden administration was bad at it. Nostalgia for the low-inflation pre-pandemic economy was enough to convince voters that Trumpian drama is the tolerable price to pay for a good economy. About 3 out of 4 Americans who experienced "severe hardship" because of inflation voted for Trump. The genius of Trump's most effective ad -- "Kamala is for they/them, President Trump is for you" -- was that it was simultaneously culture-war red meat and an argument that Harris was more concerned about boutique elite concerns than everyday ones. If Trump can actually deliver competent government, he could make the Republican Party the majority party for a generation. For myriad reasons, that's an if so big it's visible from space. But the opportunity is there -- and has been there all along.

Ahmedabad: Acting on information received by its enforcement branch, the state GST department conducted search and seizure operations last week on the premises of a taxpayer dealing in pan masala and flavoured tobacco. The operations uncovered irregularities, including unaccounted sales through cash transactions and unrecorded stock, amounting to tax evasion of approximately Rs 1.93 crore. Following detailed investigations, the department calculated a total liability of Rs 3.39 crore, including penalties and interest. The findings highlight serious lapses in compliance, with the taxpayer allegedly bypassing established GST regulations to conceal transactions and evade taxes. Stay updated with the latest news on Times of India . Don't miss the yearly horoscope 2025 and Chinese horoscope 2025 for Rat , Ox , Tiger , Rabbit , Dragon , Snake , Horse , Goat , Monkey , Rooster , Dog , and Pig zodiac signs. Spread love this holiday season with these New Year wishes and messages .TikTok asks Supreme Court to block ban as deadline nearsUber Technologies UBER.N launched "XXL" rides with extra trunk space on Wednesday, betting on increased demand stemming from Thanksgiving holiday travelers, as the ride-hailing company seeks to overcome a slowdown in its mainstay app-based taxi business. The Uber XXL service, catered toward airport travel, is available in more than 60 airports globally, including 40 in the United States and Canada, the company said. The company also introduced new reservation features that allow users to input their flight details to receive a recommended time to leave for airport arrivals. Why it's important Uber has been looking to reinvigorate demand, as it grapples with a weakening ride-hailing market due to economic uncertainty and high inflation impacting commuters. CEO Dara Khosrowshahi said last month that the company plans to capture suburban markets in the U.S. by focusing on features that allow users to reserve and wait for rides. Rideshare employees: Uber, Lyft drivers fight for higher pay, better protections Context Uber will also track flights to notify customers in case of a delay, and will offer them the option to adjust their airport drop-off accordingly. In 2023, Uber generated 15% of its mobility gross bookings from trips that were started or completed at an airport, according to an annual filing. By the numbers Americans are expected to set a new record for Thanksgiving travel, with nearly 80 million to hit the roads, catch flights and board cruises over the holiday period, travel group AAA said on Monday. Key quote "The shape of the demand, it's like spiky around Thanksgiving, and then it's a bit more spread out when you go further into the year, around the Christmas holiday season," said John Nickels, Uber's senior director of product management. Reporting by Arsheeya Bajwa in Bengaluru; editing by Alan Barona