https www winph99 com
https www winph99 com
After Trump’s win, Black women are rethinking their role as America’s reliable political organizersS&P/TSX composite rises Wednesday while U.S. markets move lower
New study explores negative effect of unethical practices on buyer-supplier relationshipsIDC Network's Private Equity vertical establishes a strategic partnership with a leading US consumer goods distributor, expanding its reach to over 25 countries. MIAMI , Nov. 27, 2024 /PRNewswire/ -- Valante Capital, the Private Equity arm of IDC Network—a multi-platform asset manager with $2.2 billion in assets under management—is pleased to announce the acquisition of a significant stake in American Foods, a leading distributor of consumer goods from the U.S. to Latin America . This strategic investment aligns with Valante Capital's vision of investing in high-growth companies, particularly within the consumer goods sector, and creates new expansion opportunities for both organizations. Strengthening Regional Expansion With this acquisition, Valante Capital adds a key player in the food distribution industry to its portfolio, one that is exceptionally well-positioned to continue its expansion across over 25 countries. The investment will enable American Foods to accelerate its growth plans across the U.S., Latin America , and the Caribbean , furthering its mission to deliver high-quality products to an ever-growing consumer base. As part of the growth strategy, a strategic alliance has been established between American Foods and Vitali Alimentos, a company also within Valante Capital's portfolio. This partnership will enhance American Foods' brand portfolio in Central America and the Caribbean , markets where Vitali Alimentos already has a strong presence. A Key Deal for the Future This investment also marks a strategic milestone for the development of the new fund that Valante Capital is establishing ("Ascend Fund II"), equipping American Foods with the resources necessary to accelerate its portfolio expansion in key markets. Both companies will combine efforts and capabilities to continue delivering high-quality food solutions to households across Latin America and the U.S., while maintaining the operational excellence and close, efficient commercial approach that have defined both organizations throughout their histories. Frank Stanzione , CEO of American Foods, shared his thoughts on the new partnership: "IDC, Valante, and Vitali Alimentos represent, in our view, the future of the region. It is an honor to have signed this strategic alliance with a dedicated team committed to offering competitive prices in the market and to expanding our brands into areas where we are not yet present." Héctor Valero, Managing Partner of Valante Capital and Chairman of the Board at Vitali Alimentos, stated: "We are truly honored to team up with Frank and the outstanding team at American Foods in Miami and Panama to continue building this wonderful project together. We share the same values, aspirations, and vision—that significant goals can be achieved through passion, creativity, and resilience." Additionally, Valero noted that "the commercial alliance between American Foods and Vitali Alimentos aims to strengthen synergies in the territories where Vitali already operates." A Proven Track Record in the Industry American Foods is a well-established leader in the distribution of consumer goods, recognized by Inc. Magazine as one of the fastest-growing companies in the U.S. The company has also received accolades from the U.S. Senate and the State of Florida as one of the top exporters in the country. With strategic alliances with top suppliers in its categories, American Foods has solidified its position as one of the key players in the industry. Some of the brands they represent include Smithfield, Gwaltney, Armour, Eckrich, Butterball, Perdue, Nathan's, and many others. Valante Capital is a Private Equity firm focused on the acquisition and transformation of companies in the consumer goods and retail industries across Latin America . Part of IDC Network, a global investment platform founded in 1995, Valante Capital is one of seven verticals managing investment funds across various sectors. Vitali Alimentos, a corporation with over 60 years of experience in the production and marketing of meat products and animal feed in Central America , is a regional leader in technology and genetics, as well as in product quality. The company employs over 6,000 people and operates in Guatemala , El Salvador , Costa Rica , the Dominican Republic , and maintains a presence throughout Central America through its commercial partners and distributors. For more information or interview requests, please contact Benito Besada at [email protected] . About IDC Network Established in 1995, IDC is a diversified multi-fund platform. IDC focuses on partnering with strategic investors, managing and co-managing funds across multiple sectors, including Private Equity, Energy & Infrastructure, Ventures, Capital Markets, Real Estate, and Impact. Active across Latin America , the U.S., and Europe , IDC is proud to be the Partner of Choice for more than 150 of the world's most influential families from 26 countries. Learn more at IDCNetwork.com. SOURCE Valante Capital
AP Sports SummaryBrief at 6:08 p.m. EST
The move could usher in an end to a protracted political crisis in the European Union country following the annulment of a presidential election by a top court. Parliament approved the new administration in a 240-143 vote in Romania’s 466-seat legislature. The new coalition is made up of the leftist Social Democratic Party (PSD) the centre-right National Liberal Party (PNL), the small ethnic Hungarian UDMR party and national minorities. It caps a month-long period of turmoil in which far-right nationalists made significant gains in a parliamentary election on December 1 a week after a first-round presidential race saw the far-right outsider Calin Georgescu emerge as the front-runner. “It will not be an easy mandate for the future government,” Mr Ciolacu, whose PSD party topped the polls in the parliamentary election, said in a statement. “We are aware that we are in the midst of a deep political crisis,” he said. “It is also a crisis of trust, and this coalition aims to regain the trust of citizens, the trust of the people.” Romania’s 16 ministerial positions will be shared among the parties, which will hold a slim majority in the legislature. It is widely seen as a tactical partnership to shut out far-right nationalists whose voices found fertile ground amid high living costs and a sluggish economy. Mr Ciolacu, who came third in the first-round presidential ballot despite polls indicating he would win the most votes, has served as prime minister since June 2023. After parliament’s approval, President Klaus Iohannis swore in the new government and warned the new Cabinet that it is entering a “difficult new period” in which “for many Romanians, there are major concerns”. Romania was plunged into turmoil after Mr Georgescu’s surprise success in the presidential race, after allegations of electoral violations and Russian interference emerged. Days before the December 8 run-off, the Constitutional Court made the unprecedented move to annul the presidential race. “We go through complicated times, but I think we all learned from mistakes of the past,” Mr Ciolacu said. “I hope that together with my colleagues in the coalition, we’ll find the best solutions to get past the challenges we have in front of us.” Mr Ciolacu said that the new government would aim to quickly organise the rerun of the presidential election in which the new coalition has agreed to put forward an agreed common pro-European candidate. Cristian Andrei, a political consultant based in Bucharest, said that the new government made up of the same political parties will likely embrace “soft populist” rhetoric such as economic patriotism, anti-austerity, and a peace solution in neighbouring Ukraine to counter the rise of far-right populism. “This will be a way to answer the concerns of many Romanians who voted for populists... but will not solve the fundamental problem of trust,” he said. “The only decisive factor now will be who and how convincing the pro-European candidates will be against this popular revolt.” George Simion, the leader of the far-right Alliance for the Unity of Romanians, which came second in the parliamentary election, said that all politicians from his party on Monday would vote against the Ciolacu government. In 2021, the PSD and the PNL also formed an unlikely but increasingly strained coalition together with UDMR, which exited the Cabinet last year after a power-sharing dispute.
A judge on Monday rejected a request to block a San Jose State women's volleyball team member from playing in a conference tournament on grounds that she is transgender. The ruling by U.S. Magistrate Judge S. Kato Crews in Denver will allow the player, who has played all season, to compete in the Mountain West Conference women's championship opening this week in Las Vegas. The ruling comes in a lawsuit filed by nine current players against the Mountain West Conference challenging the league's policies for allowing transgender players to participate. The players argued that letting her compete was a safety risk and unfair. While some media have reported those and other details, neither San Jose State nor the forfeiting teams have confirmed the school has a trans woman volleyball player. The Associated Press is withholding the player's name because she has not commented publicly on her gender identity. School officials also have declined an interview request with the player. Crews' ruling referred to the athlete as an "alleged transgender" player and noted that no defendant disputed that the San Jose State roster includes a transgender woman player. San Jose State will "continue to support its student-athletes and reject discrimination in all forms," the university said in a statement, confirming that all its student-athletes are eligible to participate under NCAA and conference rules. "We are gratified that the Court rejected an eleventh-hour attempt to change those rules. Our team looks forward to competing in the Mountain West volleyball tournament this week." The conference did not immediately respond to an email seeking comment. The players filed a notice for emergency appeal with the 10th U.S. Circuit Court of Appeals. Crews said the players who filed the complaint could have sought relief much earlier, noting the individual universities had acknowledged that not playing their games against San Jose State this season would result in a loss in league standings. He also refused a request to re-seed the tournament without the forfeited losses. The judge said injunctions are meant to preserve the status quo. The conference policy regarding forfeiting for refusing to play against a team with a transgender player had been in effect since 2022 and the San Jose State player has been on the roster since 2022 -– making that the status quo. The player competed at the college level three previous seasons, including two for San Jose State, drawing little attention. This season's awareness of her reported identity led to an uproar among some players, pundits, parents and politicians in a major election year. Crews' ruling also said injunctions are meant to prevent harm, but in this case, he argued, the harm has already occurred. The games have been forfeited, the tournament has been seeded, the teams have made travel plans and the participants have confirmed they're playing. The tournament starts Wednesday and continues Friday and Saturday. Colorado State is seeded first and San Jose State, second. The teams split their regular-season matches and both get byes into Friday's semifinals. San Jose State will play the winner of Wednesday's match between Utah State and Boise State — teams that both forfeited matches to SJSU during the regular season. Boise State associate athletic director Chris Kutz declined to comment on whether the Broncos would play SJSU if they won their first-round tournament game. Utah State officials did not immediately respond to emails seeking comment. The conference tournament winner gets an automatic bid to the NCAA tournament. San Jose State coach Todd Kress, whose team has not competed in the national tournament since 2001, has said his team has been getting "messages of hate" and that has taken a toll on his players. Several teams refused to play against San Jose State during the season, earning losses in the official conference standings. Boise State and Wyoming each had two forfeits while Utah State and Nevada both had one. Southern Utah, a member of the Western Athletic Conference, was first to cancel against San Jose State this year. Nevada's players stated they "refuse to participate in any match that advances injustice against female athletes," without elaborating. Nevada did not qualify for the conference tournament. The nine current players and others now suing the Mountain West Conference, the California State University Board of Trustees and others include San Jose State senior setter and co-captain Brooke Slusser. The teammate Slusser says is transgender hits the volleyball with more force than others on the team, raising fear during practices of suffering concussions from a head hit, the complaint says. The Independent Council on Women's Sports is funding a separate lawsuit against the NCAA for allowing transgender women to compete in women's sports. Both lawsuits claim the landmark 1972 federal antidiscrimination law known as Title IX prohibits transgender women in women's sports. Title IX prohibits sexual discrimination in federally funded education; Slusser is a plaintiff in both lawsuits. Several circuit courts have used a U.S. Supreme Court ruling to conclude that discriminating against someone based on their transgender status or sexual orientation is sex-based discrimination, Crews wrote. That means case law does not prove the "likelihood of success" needed to grant an injunction. An NCAA policy that subjects transgender participation to the rules of sports governing bodies took effect this academic year. USA Volleyball says a trans woman must suppress testosterone for 12 months before competing. The NCAA has not flagged any issues with San Jose State. The Republican governors of Idaho, Nevada, Utah and Wyoming have made public statements in support of the team cancellations, citing fairness in women's sports. President-elect Donald Trump likewise has spoken out against allowing transgender women to compete in women's sports. Crews was a magistrate judge in Colorado's U.S. District Court for more than five years before President Joe Biden appointed him as a federal judge in January. Get local news delivered to your inbox!