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CVG Announces Election of Jeffrey S. Niew to Board of Directors

Ruben Amorim issues storm warning after smooth start with Manchester UnitedPresident-elect Donald Trump’s lawyers urge judge to toss his hush money convictionTORONTO — Mark Scheifele scored a hat trick and an assist while Kyle Connor collected two goals and an assist to spark the NHL-leading Winnipeg Jets to a 5-2 win over the Toronto Maple Leafs on Monday. The Jets enter the Christmas break with back-to-back wins, while the Maple Leafs dropped their second in a row at Scotiabank Arena without wounded captain Auston Matthews, out with an upper-body injury. Connor scored late in the first period on the power play and early in the second to give the Jets a two-goal lead. Gabriel Vilardi picked up his second assist of the night with a brilliant pass to Scheifele in front at 3:27 of the third, giving the Jets a 3-1 advantage. Scheifele banged in a loose puck for his 20th midway through the third period and added an empty-netter for his hat trick. John Tavares scored twice for the Maple Leafs. Winnipeg out-shot the Leafs 27-25, with Jets goalie Connor Hellebuyck making 23 saves before a crowd of 18,923 fans. Joseph Woll stopped 22 shots in the Toronto net. Jets defenceman Josh Morrissey also notched two assists to reach 30 for the season. The win avenged the Maple Leafs' 6-4 victory in Winnipeg on Oct. 28, which ended the Jets' eight-game win streak to start the season. Maple Leafs forward William Nylander extended his point streak to seven games with assists on the Tavares goals. Takeaways Toronto: Defender Chris Tanev missed his first game this year with a lower-body ailment after skating in the pre-game warmup. Winnipeg: As impressive as the Jets (25-10-1) have played before the break, they are only one point ahead of the 36-game pace of 23-9-4 set a year ago. Key moment After Jets defenceman Neal Pionk had his shot blocked, the puck bounded to Marner for a breakaway. Pionk hustled back to lift Marner's stick to foil his shot attempt early in the second period to preserve Winnipeg's 2-0 lead. Key stat The Maple Leafs have gone 7-4-0 with Matthews on the sidelines this season and 42-23-2 in his career. Up next Toronto returns to action after the holiday break on Friday, visiting the Detroit Red Wings. On Saturday, the Jets play host to the Ottawa Senators. This report by The Canadian Press was first published Dec. 23, 2024. Tim Wharnsby, The Canadian Press

WEST READING, Pa.--(BUSINESS WIRE)--Dec 3, 2024-- Customers Bank, the over $21 billion asset subsidiary of Customers Bancorp (NYSE:CUBI), has been named to the Inc . 2024 Best in Business list in the Financial Services category. Inc.’s annual Best in Business Awards celebrate the exceptional achievements and contributions of companies that have made a profound impact on their industries and on society at large. The Bank’s industry-leading franchise growth over the last 18 months, in both deposits and market expansion, unique operating model and commitment to principles of sound risk management ensured it stood out among its peers. “We are honored to be named to Inc.’s Best in Business list. Founded by entrepreneurs for entrepreneurs, Customers Bank delivers the product suite of larger financial institutions with a level of service beyond what large banks can offer,” said Sam Sidhu, president and CEO of Customers Bank. “With ‘customer’ in our name and at the very heart of why we exist, we adhere to a unique operating model that is anchored around a single point of contact, a focused product offering and a culture of exceptional customer service.” Inc.’s Best in Business list recognizes companies that, through exceptional execution, have achieved significant milestones and core business wins, like customer expansion, key product launches, increased market share, and industry-defining accomplishments. Companies from a wide range of industries – such as technology, health care, finance, and retail – have been recognized for their success and their positive influence on the business world. The full list can be found on Inc. com and in the upcoming winter print edition of Inc. magazine. “For over 40 years Inc. has been committed to recognizing America’s most dynamic businesses and honoring the great work they do. These businesses have had a profound impact on their industries, solving important problems, and shaping the future of business in ways that will have lasting effects,” says Inc. editor-in-chief Mike Hofman. Inc.’s Best in Business Awards are open to companies of all sizes and types, in all industries and locations. Public, private, nonprofit, subsidiary, U.S.-based, and international companies are all encouraged to apply. Inc. editors and reporters hand-review every application and select Best in Business honorees that, in each of the award categories, have had an outstanding influence on their communities, their industries, the environment, or society as a whole. For more information or to see the complete list, please visit inc.com/best-in-business . About Customers Bank Customers Bancorp, Inc. (NYSE:CUBI) is one of the nation’s top-performing banking companies with over $21 billion in assets, making it one of the 80 largest bank holding companies in the U.S. Customers Bank’s commercial and consumer clients benefit from a full suite of technology-enabled tailored product experiences delivered by best-in-class customer service distinguished by a Single Point of Contact approach. In addition to traditional lines such as C&I lending, commercial real estate lending and multifamily lending, Customers Bank also provides a number of national corporate banking services to specialized lending clients. Major accolades include: A member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal opportunity lender. Learn more: www.customersbank.com . About Inc. Inc. is the leading media brand and playbook for the entrepreneurs and business leaders shaping our future. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.'s award-winning work achieves a monthly brand footprint of more than 40 million across a variety of channels, including events, digital, print, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since its launch as the Inc. 100 in 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20241203333765/en/ CONTACT: Jordan Baucum VP, Corporate Communications jbaucum@customersbank.com KEYWORD: PENNSYLVANIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE SOURCE: Customers Bancorp, Inc. Copyright Business Wire 2024. PUB: 12/03/2024 04:30 PM/DISC: 12/03/2024 04:30 PM http://www.businesswire.com/news/home/20241203333765/en

MENLO PARK, Calif. , Dec. 3, 2024 /PRNewswire/ -- GRAIL, Inc. (Nasdaq: GRAL), a healthcare company whose mission is to detect cancer early when it can be cured, today announced that it has granted equity awards in the form of restricted stock units ("RSUs") underlying an aggregate of 115,093 shares of GRAIL's common stock to 46 recently hired non-executive employees as an inducement material to their acceptance of employment with GRAIL. The employment inducement awards were granted under GRAIL's Inducement Equity Incentive Plan and related form of restricted stock award agreement in accordance with Nasdaq Listing Rule 5635(c)(4). Javascript is required for you to be able to read premium content. Please enable it in your browser settings.

WASHINGTON, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Today, Administrator Isabel Casillas Guzman , head of the U.S. Small Business Administration (SBA) and the voice for America’s more than 34 million small businesses in President Biden’s Cabinet, announced that the SBA has granted Small Business Lending Company (SBLC) licenses to four lending institutions committed to expanding access to capital to underserved markets. The awarding of four new SBLCs—Cooperative Business Services, A10 Capital, Lafayette Square, and Stonehenge Capital—marks the SBLC program’s second expansion during the Biden-Harris Administration and the second made in 40 years. This broadens the availability of 7(a) loans in low-income and other underserved communities nationwide from their locations in Ohio, Idaho, Washington, D.C., and Louisiana, respectively. “For the second time in over 40 years, the Biden-Harris SBA welcomes new lenders with a shared mission of filling capital gaps in underserved communities – the very same communities who are starting businesses at the highest rates in America today,” said Administrator Guzman. “With private markets playing an increasingly important role in small business lending, this expansion delivers against the Biden-Harris Administration’s unwavering commitment to providing affordable financing to the incredible entrepreneurs and new business starts revitalizing Main Streets across America. Congratulations to the four new licensees as they work alongside the mission-focused teams at the SBA to put the American dream of business ownership within reach for more entrepreneurs.” The SBA approves SBLC licenses for selected non-depository lenders to increase responsible small business lending. An SBLC license allows the lending organization to access the SBA’s 7(a) government guarantee program when underwriting small business loans to reduce the level of risk to the lender and cost to the borrower. As a result, SBLCs are positioned to underwrite higher volumes of loans to eligible small businesses than possible without a government guaranty. “Cooperative Business Services, LLC, is honored to receive an SBA SBLC license, a pivotal milestone that reinforces our commitment to serving communities through our innovative credit union consortium. By partnering with local credit unions, we can expand access to vital capital for underserved markets, empowering entrepreneurs to start, operate, and grow businesses that drive economic growth and strengthen the fabric of our communities,” said Cooperative Business Services, LLC., President and CEO Keith Reed. “This achievement underscores our dedication to fostering collaboration and supporting the credit unions that make our mission possible.” “A10 Capital is truly honored to receive a new SBLC license from the SBA. We look forward to applying our decades of knowledge, expertise and experience to provide lending solutions to small businesses nationwide that are unable to access constructive forms of credit elsewhere,” said A10 Capital CEO Anuj Gupta. “Small businesses are the backbone of the U.S. economy and we are eager to quickly launch operations and commence providing capital to small businesses across a wide range of sectors, industry groups and geographies.” “Lafayette Square USA, Inc., appreciates receiving this new SBLC license that will allow our private credit platform to expand into 7(a) lending,” said Lafayette Square USA, Inc., President and CEO Damien Dwin. “As a business development company with two SBIC licenses, we are committed to partnering with SBA in pursuit of our Goal 2030 to support 100,000 working-class jobs, invest 50% of our capital in working-class places including rural areas, and see 50% adoption of managerial assistance across our portfolio. Our business model relies upon marrying capital, services, and technology for American small businesses, making this SBLC license incredibly valuable in driving our performance. We look forward to supporting entrepreneurs in working-class places across the country.” “For over 25 years, Stonehenge Capital has supported small businesses in underserved communities across the country,” said Stonehenge Capital Senior Managing Director of L’Quentus Thomas. “With our impact focus, we have helped entrepreneurs and small business owners grow their businesses by accessing capital that can be difficult to obtain in many areas. The SBLC license will give us a new tool to provide SBA 7(a) capital to small businesses with a particular focus on low-moderate income and rural areas in the U.S. We are honored that the SBA chose Stonehenge, and we look forward to playing a part in growing strong businesses and new jobs in underserved communities.” With this second expansion of four new SBLC licenses, SBA now has expanded the network from 14 SBLCs to 20 SBLCs helping to bring capital to new markets. CBS (Cooperative Business Services, LLC) in Cincinnati, Ohio, is a Credit Union Service Organization and has facilitated over $400 million in funding to women-owned businesses and $123 million to veteran-owned companies in its 21 years of operation. It plans to build upon this work to address credit gaps in low-moderate income communities and shift in focus to smaller loan amounts, increased loan volume, and targeted outreach within its growing network of credit unions. A10 Capital (A10 SBA Lending, LLC) in Boise, Idaho, has been a commercial real estate leader since 2007 and partnered with SBA to provide approximately 20,000 Paycheck Protection Program loans to support small businesses through the pandemic. As an SBLC, A10 plans to target underbanked industries and underserved communities to reach women, veterans, rural markets, and minority-owners of all ethnicities in the service, retail, wholesale and manufacturing industries, including those seeking loans for domestic renewable energy, efficiency, sustainability, and pollution prevention. A10 intends to have at least 50% of all loans funded come from these underserved markets. Lafayette Square (Lafayette Square SBLC, LLC) with offices nationwide, is an impact-driven, minority-owned investment platform. Founded in 2020, Lafayette Square promotes public welfare and economic growth across the United States by principally lending to small businesses in underserved communities and that substantially employ low-to-moderate-income individuals. The SBLC plans to increase focus on community solar, small-scale utility solar, engineering, recycling, and next-generation projects such as energy storage, as well as various initiatives supporting underserved communities generally. Stonehenge Capital (Stonehenge SBLC, LLC) in Baton Rouge, La., has been a leader in community development finance since its founding in 1999 and invested in small businesses across 38 states since its founding, including 30 states in the past five years. It plans to invest a minimum of 65% of its total loan volume in small businesses in low-income communities nationwide, as defined under the federal New Markets Tax Credit Program, and 25-40% of its total loan volume into green lending opportunities nationwide. Stonehenge’s track record includes over $1.5 billion invested in these underserved markets and communities and almost 200 investments of less than $5 million. ### About the U.S. Small Business Administration The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov .( MENAFN - GetNews) Heritage of Excellence, Advancing with Honor. On November 25, the highly anticipated 15th Annual Construction Machinery Brand Ceremony was grandly held in Shanghai. During the event, the 2024 Top 10 Rankings of the Construction Machinery Industry were officially released. This prestigious conference honored the influential brands and outstanding products that emerged over the past year. By setting exemplary benchmarks for the industry, the event aims to promote industrial prosperity, foster innovation, and drive transformative development across the sector. Amid the overlapping trends of a new global energy revolution and deep technological innovation, the construction machinery industry is accelerating its transformation toward high-end, intelligent, and green development. Product lines for primary machinery have become increasingly diverse, with continuous improvements in quality and performance. Guided by industrial policies aimed at supplementing, strengthening, and extending supply chains, significant progress has been made in key core component technologies, providing robust support for collaborative development between primary and supporting enterprises, as well as for the industry's quality improvement and upgrading. At the same time, the vast stock market of existing equipment, combined with the push for large-scale equipment upgrades, has spurred new focus and positioning in aftermarket operations, including equipment leasing, spare parts distribution, maintenance services, and the trading of second-hand equipment. This selection process adhered to principles of rigor, authority, fairness, and objectivity. After three stringent rounds of evaluation-online voting, user scoring, and expert review-a new cohort of outstanding enterprises and products in the fields of machinery, components, and industry user applications emerged. These exemplary winners set a benchmark for the continued growth and innovation of the construction machinery industry. Click the link to view the complete list of award-winning companies. Adhering to the principle of "Building Brands, Strengthening Technology, and Shaping the Power and Value of Enterprises," the Brand Ceremony has been held for 15 consecutive years. It has consistently exerted remarkable influence within the industry, serving as a driving force for its development and earning widespread acclaim and support from industry professionals. Each edition of the Brand Ceremony aligns closely with the pulse of the times, celebrating the spirit of exceptional brands while inspiring numerous enterprises to pursue paths of branding and high-end development. The release of the industry rankings highlights the industry's recognition of companies' core technological capabilities and innovative product strength. This not only empowers enterprises with the "wings to soar" in their brand development but also injects fresh vitality into the sustainable growth of China's construction machinery industry! MENAFN23122024003238003268ID1109025386 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Denver Mayor Mike Johnston sets off firestorm with vows to resist Donald Trump’s mass deportation plansSANTA CLARA, Calif., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Agora, Inc. (NASDAQ: API) (the “Company”), a pioneer and leader in real-time engagement technology, today announced its unaudited financial results for the third quarter ended September 30, 2024. “Recently, we launched our Conversational AI SDK in collaboration with OpenAI’s Realtime API to allow developers to bring voice-driven AI experiences to any app. We believe multimodal AI agents that can interact with human through natural voice will gain widespread adoption across many use cases such as customer support, education and wellness, and Agora is well positioned to become a key infrastructure provider for real-time conversational AI,” said Tony Zhao, founder, chairman and CEO of Agora. “To support this vision, we recently made some structural changes, aligning our organization to fully leverage the accelerating conversational AI opportunities, and operate in a faster, leaner, and more responsive fashion. These changes will help us build the next generation real-time engagement technology for the Generative AI era and strengthen our position as the leader in real-time engagement space.” Third Quarter 2024 Highlights Total revenues for the quarter were $31.6 million, a decrease of 9.8% from $35.0 million in the third quarter of 2023, which included decreased revenue from certain end-of-sale products of $2.4 million. Agora: $15.7 million for the quarter, an increase of 2.6% from $15.3 million in the third quarter of 2023. Shengwang: RMB112.9 million ($15.9 million) for the quarter, a decrease of 20.0% from RMB141.2 million ($19.7 million) in the third quarter of 2023, which included decreased revenue from certain end-of-sale products of RMB17.5 million ($2.4 million). Active Customers Agora: 1,762 as of September 30, 2024, an increase of 5.9% from 1,664 as of September 30, 2023. Shengwang: 3,641 as of September 30, 2024, a decrease of 9.7% from 4,034 as of September 30, 2023. Dollar-Based Net Retention Rate Agora: 94% for the trailing 12-month period ended September 30, 2024. Shengwang: 78% for the trailing 12-month period ended September 30, 2024. Net loss for the quarter was $24.2 million, which included expenses of $11.4 million in relation to the cancellation of certain employees’ equity awards, severance expenses of $4.8 million, and losses from equity in affiliates of $4.2 million, compared to net loss of $22.5 million in the third quarter of 2023. After excluding share-based compensation expenses, acquisition related expenses, amortization expenses of acquired intangible assets and income tax related to acquired intangible assets, non-GAAP net loss for the quarter was $10.4 million, compared to the non-GAAP net loss of $15.6 million in the third quarter of 2023. Total cash, cash equivalents, bank deposits and financial products issued by banks as of September 30, 2024 was $362.6 million. Net cash used in operating activities for the quarter was $4.6 million, compared to $3.0 million in the third quarter of 2023. Free cash flow for the quarter was negative $6.0 million, compared to negative $3.2 million in the third quarter of 2023. Third Quarter 2024 Financial Results Revenues Total revenues were $31.6 million in the third quarter of 2024, a decrease of 9.8% from $35.0 million in the same period last year. Revenues of Agora were $15.7 million in the third quarter of 2024, an increase of 2.6% from $15.3 million in the same period last year, primarily due to our business expansion and usage growth in sectors such as live shopping. Revenues of Shengwang were RMB112.9 million ($15.9 million) in the third quarter of 2024, a decrease of 20.0% from RMB141.2 million ($19.7 million) in the same period last year, primarily due to a decrease in revenues of RMB 17.5 million ($2.4 million) due to the end-of-sale of certain products and reduced usage from customers in certain sectors such as social and entertainment as a result of challenging macroeconomic and regulatory environment. Cost of Revenues Cost of revenues was $10.5 million in the third quarter of 2024, a decrease of 16.4% from $12.6 million in the same period last year, primarily due to the end-of-sale of certain products and the decrease in bandwidth usage and costs, which was offset partially by severance expenses for customer support teams of $0.3 million. Gross Profit and Gross Margin Gross profit was $21.0 million in the third quarter of 2024, a decrease of 6.1% from $22.4 million in the same period last year. Gross margin was 66.7% in the third quarter of 2024, an increase of 2.7% from 64.0% in the same period last year, mainly due to the end-of-sale of certain low-margin products, which was offset partially by higher severance expenses in the third quarter of 2024. Operating Expenses Operating expenses were $45.9 million in the third quarter of 2024, an increase of 24.3% from $36.9 million in the same period last year, primarily due to the increase in restructuring and severance expenses in the third quarter of 2024, which included share-based compensation of $11.4 million as a result of the cancellation of certain employees’ equity awards and immediate recognition of relevant remaining unrecognized compensation expenses, as well as severance expenses of $4.4 million. Research and development expenses were $29.3 million in the third quarter of 2024, an increase of 46.1% from $20.0 million in the same period last year, primarily due to restructuring and severance expenses in the third quarter of 2024, including share-based compensation of $9.0 million due to equity award cancellation and severance expenses of $3.6 million. Sales and marketing expenses were $6.9 million in the third quarter of 2024, a decrease of 11.9% from $7.8 million in the same period last year, primarily due to a decrease in personnel costs as the Company optimized its global workforce, which was offset partially by severance expenses of $0.7 million in the third quarter of 2024. General and administrative expenses were $9.7 million in the third quarter of 2024, an increase of 7.4% from $9.1 million in the same period last year, primarily due to restructuring and severance expenses in the third quarter of 2024, including share-based compensation of $2.4 million as a result of the equity award cancellation, which was offset partially by a decrease in personnel costs as the Company optimized its global workforce. Loss from Operations Loss from operations was $24.7 million in the third quarter of 2024, compared to $13.9 million in the same period last year. Interest Income Interest income was $3.9 million in the third quarter of 2024, compared to $4.9 million in the same period last year, primarily due to the decrease in the average balance of cash, cash equivalents, bank deposits and financial products issued by banks and the decrease in average interest rate realized. Losses from equity in affiliates Losses from equity in affiliates were $4.2 million in the third quarter of 2024, primarily due to an impairment loss on an investment in certain private company of $4.1 million. Net Loss Net loss was $24.2 million in the third quarter of 2024, compared to $22.5 million in the same period last year. Net Loss per American Depositary Share attributable to ordinary shareholders Net loss per American Depositary Share (“ADS”)1 attributable to ordinary shareholders was $0.26 in the third quarter of 2024, compared to $0.23 in the same period last year. 1 One ADS represents four Class A ordinary shares. Share Repurchase Program During the three months ended September 30, 2024, the Company repurchased approximately 6.8 million of its Class A ordinary shares (equivalent to approximately 1.7 million ADSs) for approximately US$3.9 million under its share repurchase program, representing 1.9% of its US$200 million share repurchase program. As of September 30, 2024, the Company had repurchased approximately 129.4 million of its Class A ordinary shares (equivalent to approximately 32.3 million ADSs) for approximately US$113.7 million under its share repurchase program, representing 57% of its US$200 million share repurchase program. As of September 30, 2024, the Company had 368.3 million ordinary shares (equivalent to approximately 92.1 million ADSs) outstanding, compared to 449.8 million ordinary shares (equivalent to approximately 112.5 million ADSs) outstanding as of January 31, 2022 before the share repurchase program commenced. The current share repurchase program will expire at the end of February 2025. Executive Leadership Update Today the Company announced that Chief Security Officer Roger Hale will be leaving the Company, effective immediately. Mr. Hale has served in this role for the past 2.5 years, during which he made significant contributions to enhancing the Company’s security, compliance, and data protection protocols. Mr. Hale will work closely with senior leadership to ensure a smooth transition of his responsibilities. Moving forward, Patrick Ferriter and Robbin Liu will assume responsibility for security and compliance, reflecting the Company’s commitment to maintaining a strong and effective security framework. Mr. Hale will continue to provide strategic advice as an advisor to the Company. “We are grateful for Roger’s dedication and expertise over the past two and a half years. His leadership has been invaluable in strengthening our security & compliance foundation,” said Tony Zhao, founder, chairman and CEO of Agora. “Security and compliance remain top priorities for Agora, and we will continue to uphold the highest standards to protect our customers and stakeholders.” Financial Outlook Based on currently available information, the Company expects total revenues for the fourth quarter of 2024 to be between $34 million and $36 million, compared to $31.6 million in the third quarter of 2024, and $33.3 million in the fourth quarter of 2023 if revenues from certain end-of-sale low-margin products were excluded. The Company also expects significant improvement in net income / (loss) in the fourth quarter. This outlook reflects the Company's current and preliminary views on the market and operational conditions, which are subject to change. Earnings Call The Company will host a conference call to discuss the financial results at 5 p.m. Pacific Time / 8 p.m. Eastern Time on November 25, 2024. Details for the conference call are as follows: Event title: Agora, Inc. 3Q 2024 Financial Results The call will be available at https://edge.media-server.com/mmc/p/wie28zvr Investors who want to hear the call should log on at least 15 minutes prior to the broadcast. Participants may register for the call with the link below. https://register.vevent.com/register/BIf58a0b6f500c4362b1a8c64f9fa4cea8 Please visit the Company’s investor relations website at https://investor.agora.io on November 25, 2024 to view the earnings release and accompanying slides prior to the conference call. Use of Non-GAAP Financial Measures The Company has provided in this press release financial information that has not been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). The Company uses these non-GAAP financial measures internally in analyzing its financial results and believe that the use of these non-GAAP financial measures is useful to investors as an additional tool to evaluate ongoing operating results and trends and in comparing its financial results with other companies in its industry, many of which present similar non-GAAP financial measures. Besides free cash flow (as defined below), each of these non-GAAP financial measures represents the corresponding GAAP financial measure before share-based compensation expenses, acquisition related expenses, amortization expenses of acquired intangible assets, income tax related to acquired intangible assets and impairment of goodwill. The Company believes that such non-GAAP financial measures help identify underlying trends in its business that could otherwise be distorted by the effects of such share-based compensation expenses, acquisition related expenses, amortization expenses of acquired intangible assets, income tax related to acquired intangible assets and impairment of goodwill that it includes in its cost of revenues, total operating expenses and net income (loss). The Company believes that all such non-GAAP financial measures also provide useful information about its operating results, enhance the overall understanding of its past performance and future prospects and allow for greater visibility with respect to key metrics used by its management in its financial and operational decision-making. Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with the Company’s consolidated financial statements prepared in accordance with GAAP. A reconciliation of its historical non-GAAP financial measures to the most directly comparable GAAP measures has been provided in the tables captioned “Reconciliation of GAAP to Non-GAAP Measures” included at the end of this press release, and investors are encouraged to review the reconciliation. Definitions of the Company’s non-GAAP financial measures included in this press release are presented below. Non-GAAP Net Income (Loss) Non-GAAP net income (loss) is defined as net income (loss) adjusted to exclude share-based compensation expenses, acquisition related expenses, amortization expenses of acquired intangible assets, income tax related to acquired intangible assets and impairment of goodwill. Free Cash Flow Free cash flow is defined as net cash provided by operating activities less purchases of property and equipment (excluding the acquisition of land use right and the payment for the headquarters project). The Company considers free cash flow to be a liquidity measure that provides useful information to management and investors regarding net cash provided by operating activities and cash used for investments in property and equipment required to maintain and grow the business. Operating Metrics The Company also uses other operating metrics included in this press release and defined below to assess the performance of its business. Active Customers An active customer at the end of any period is defined as an organization or individual developer from which the Company generated more than $100 of revenue during the preceding 12 months. Customers are counted based on unique customer account identifiers. Generally, one software application uses the same customer account identifier throughout its life cycle while one account may be used for multiple applications. Dollar-Based Net Retention Rate Dollar-Based Net Retention Rate is calculated for a trailing 12-month period by first identifying all customers in the prior 12-month period, and then calculating the quotient from dividing the revenue generated from such customers in the trailing 12-month period by the revenue generated from the same group of customers in the prior 12-month period. As the vast majority of revenue generated from Agora’s customers is denominated in U.S. dollars, while the vast majority of revenue generated from Shengwang’s customers is denominated in Renminbi, Dollar-Based Net Retention Rate is calculated in U.S. dollars for Agora and in Renminbi for Shengwang, which has substantially removed the impact of foreign currency translations. Shengwang excluded the revenues from certain end-of-sale products, Easemob’s CEC business and K12 academic tutoring sector. The Company believes Dollar-Based Net Retention Rate facilitates operating performance comparisons on a period-to-period basis. Safe Harbor Statements 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 Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current fact included in this press release are forward-looking statements, including but not limited to statements regarding the Company’s financial outlook, beliefs and expectations. Forward-looking statements include statements containing words such as “expect,” “anticipate,” “believe,” “project,” “will” and similar expressions intended to identify forward-looking statements. Among other things, the Financial Outlook in this announcement contain forward-looking statements. These forward-looking statements are based on the Company’s current expectations and involve risks and uncertainties. The Company’s actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks related to the growth of the RTE-PaaS market; the Company’s ability to manage its growth and expand its operations; the continued impact of COVID-19 on global markets and the Company’s business, operations and customers; the Company’s ability to attract new developers and convert them into customers; the Company’s ability to retain existing customers and expand their usage of its platform and products; the Company’s ability to drive popularity of existing use cases and enable new use cases, including through quality enhancements and introduction of new products, features and functionalities; the Company’s fluctuating operating results; competition; the effect of broader technological and market trends on the Company’s business and prospects; general economic conditions and their impact on customer and end-user demand; and other risks and uncertainties included elsewhere in the Company’s filings with the Securities and Exchange Commission (“SEC”), including, without limitation, the final prospectus related to the IPO filed with the SEC on June 26, 2020. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and the Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof. About Agora, Inc. Agora, Inc. is the Cayman Islands holding company of two independent divisions, under Agora brand and Shengwang brand, respectively, whose businesses are conducted through separate entities. Headquartered in Santa Clara, California, Agora is a pioneer and global leader in Real-Time Engagement Platform-as-a-Service (PaaS), providing developers with simple, flexible, and powerful application programming interfaces, or APIs, to embed real-time voice, video, interactive live-streaming, chat, whiteboard, and artificial intelligence capabilities into their applications. Headquartered in Shanghai, China, Shengwang is a pioneer and leading Real-Time Engagement PaaS provider in the China market. For more information on Agora, please visit: www.agora.io For more information on Shengwang, please visit: www.shengwang.cn Agora, Inc. Condensed Consolidated Balance Sheets (Unaudited, in US$ thousands) Agora, Inc. Condensed Consolidated Statements of Comprehensive Loss (Unaudited, in US$ thousands, except share and per ADS amounts) Agora, Inc. Condensed Consolidated Statements of Cash Flows (Unaudited, in US$ thousands) Agora, Inc. Reconciliation of GAAP to Non-GAAP Measures (Unaudited, in US$ thousands, except share and per ADS amounts) Investor Contact: investor@agora.io Media Contact: press@agora.ioVan Nistelrooy has replaced Steve Cooper at the King Power Stadium and saw Jamie Vardy open the scoring after just 98 seconds. Bilal El Khannouss and Patson Daka added goals after the break to ensure the Dutchman started with three points in style. Starting with a win! 🤩 Delivered by @bcgame #LEIWHU pic.twitter.com/X90nFSbMLm — Leicester City (@LCFC) December 3, 2024 His task is to keep the Foxes in the Premier League this season and after ending a five-game winless run they moved up to 15th, four points clear of the relegation zone. West Ham’s hierarchy will have seen what impact a managerial change can have as the jury remains out on Lopetegui, with away fans making their feelings clear by chanting “You’re getting sacked in the morning”. Niclas Fullkrug scored a consolation goal at the death but it counted for nothing and forthcoming games against Wolves, Bournemouth, Brighton and Southampton could determine the Spaniard’s future. When Van Nistelrooy went to bed last night, even he would not have dreamt of his side starting as well as they did as they went ahead with less than two minutes on the clock. One of the Dutchman’s first conversations following his appointment was to take Vardy to task for breaking his record for scoring in the most consecutive Premier League games nine years ago. And the veteran striker rolled back to the years as, living on the shoulder of the West Ham defence, he raced clear from El Khannouss’ through-ball and slotted into the corner. The linesman’s flag immediately went up but a lengthy VAR review ruled Vardy had timed his run perfectly and the goal stood. Vardy could have added a second from a similar move but this time Lukasz Fabianski denied him. The Dutchman quickly learned about the frailties of his side as West Ham created a raft of chances in search of an equaliser. Jarrod Bowen forced Mads Hermansen into a stretching save when he cut in from the right before Ings’ header crashed into the post and Max Kilman slipped at the crucial point from the rebound. Bowen, a constant threat, sent a ball across face of goal which evaded everyone before the England international was denied by a reflex save from the busy Hermansen. The Danish goalkeeper needed to be alert to tip over Mohammed Kudus’ deflected effort early in the second half before he was saved by the referee’s whistle after after his attempted punch went into his own goal, Tomas Soucek the man penalised. Leicester remained a threat on the counter-attack and that is how they doubled their lead just after the hour. Kasey McAteer was set clear down the left and his ball inside was perfect for El Khannouss to find the bottom corner from 15 yards. It was almost three as Fabianski produced an acrobatic save from Wilfred Ndidi’s header before Leicester needed a heroic piece of defending to keep their 2-0 lead intact. Crysencio Summerville bundled the ball goalwards and it was heading over the line until Conor Coady adjusted his feet and poked it clear. The Foxes, who also had a goal from substitute Bobby De Cordova-Reid chalked off by VAR, wrapped things up in the 90th minute when Daka broke clear and emphatically converted into the roof of the net. West Ham did get on the scoresheet when Fullkrug headed a corner home, but the game was already done.

One of Colombia ’s legendary drug lords and a key operator of the Medellin cartel has been deported back to the South American country, after serving 25 years of a 30-year prison sentence in the United States. A short while later, Fabio Ochoa was again a free man. > 24/7 San Diego news stream: Watch NBC 7 free wherever you are Ochoa arrived in Bogota on a deportation flight on Monday afternoon, wearing a modest grey sweatshirt and carrying his personal belongings in a plastic bag. After stepping out of the plane, Ochoa was met by immigration officials in bullet proof vests. There were no police on site to detain him. Immigration officials took his fingerprints and confirmed through a database that Ochoa is not wanted by Colombian authorities. The country's immigration agency said on the social media platform X that Ochoa was “freed so that he could join his family.” “I was framed,” Ochoa claimed as reporters at Bogota’s El Dorado Airport asked if he regretted his actions. The former cartel boss smiled as he hugged his daughter, whom he had not seen in seven years, and said he would go to Medellin to live with his family. “The nightmare is over” said Ochoa, 67. U.S. & World Biden signs defense bill despite objections to ban on transgender health care for military children Prosecutors withdraw appeal of dismissed case against Alec Baldwin in fatal movie set shooting Ochoa and his older brothers amassed a fortune when cocaine started flooding the U.S. in the late 1970s and early 1980s, according to U.S. authorities, to the point that in 1987 they were included in the Forbes Magazine’s list of billionaires. Living in Miami, Ochoa ran a distribution center for the cocaine cartel once headed by Pablo Escobar. Escobar died in a shootout with authorities in Medellin in 1993. Ochoa was first indicted in the U.S. for his alleged role in the 1986 killing of Barry Seal, an American pilot who flew cocaine flights for the Medellin cartel, but became an informant for the Drug Enforcement Administration. Along with his two older brothers, Juan David and Jorge Luis, Ochoa turned himself in to Colombian authorities in the early 1990s under a deal in which they avoided being extradited to the U.S. The three brothers were released from prison in 1996, but Ochoa was arrested again three years later for drug trafficking and was extradited to the U.S. in 2001 in response to an indictment in Miami naming him and more than 40 people as part of a drug smuggling conspiracy. He was the only suspect in that group who opted to go to trial, resulting in his conviction and a 30-year sentence. The other defendants got much lighter prison terms because most of them cooperated with the government. Ochoa’s name has faded from popular memory as Mexican drug traffickers take center stage in the global drug trade. But the former member of the Medellin cartel was recently depicted in the Netflix series "Griselda," where he first fights the plucky businesswoman Griselda Blanco for control of Miami's cocaine market, and then makes an alliance with the drug trafficker, played by Sofia Vergara. Ochoa is also depicted in the Netflix series "Narcos," as the youngest son of an elite Medellin family that is into ranching and horse breeding and cuts a sharp contrast with Escobar, who came from more humble roots. Richard Gregorie, a retired assistant U.S. attorney who was on the prosecution team that convicted Ochoa, said authorities were never able to seize all of the Ochoa family’s illicit drug proceeds and he expects that the former mafia boss will have a welcome return home. “He won’t be retiring a poor man, that’s for sure,” Gregorie told The Associated Press earlier this month.Former Fresno State quarterback Mikey Keene is transferring to Michigan with one year of eligibility remaining. Confirming earlier reports, Keene posted an image of himself in a Wolverines uniform on social media on Monday. Keene passed for 2,892 yards with 18 touchdowns and 11 interceptions in 12 games for the Bulldogs in 2024. Fresno State opened the season with a 30-10 loss at Michigan on Aug. 31, with Keene throwing for 235 yards with one touchdown and two picks. Including two seasons at UCF (2021-22), Keene has completed 67.8 percent of his passes for 8,245 yards with 65 TDs and 28 interceptions in 39 games. Keene's competition for the starting job at Michigan includes incoming freshman Bryce Underwood, the 247Sports Composite's No. 1 overall player in the 2025 recruiting class. --Field Level Media

Renovated pool in Pembroke, Ont. could reopen in early 2025Southern California jumped to No. 4 in The Associated Press women's college basketball poll on Monday after edging UConn. The Trojans moved up three spots in the AP Top 25 after beating the then-No. 4 Huskies 72-70 on Saturday night in a rematch of last season's Elite Eight game that UConn won. "It feels great to get the dub always," USC star JuJu Watkins said after the victory. "I think it hit a little different knowing the history of last year and how they sent us home." This was the Trojans' first win ever over UConn. "This is a really significant win, and it's a really significant win because of the stature of UConn's program and what Geno Auriemma has done for our sport," USC coach Lindsay Gottlieb said. "It doesn't matter to me that they haven't won a championship in a couple years. There's still a way that they prepare, a way that they play, that makes you better, and it made us better." UCLA, South Carolina and Notre Dame remained the top three teams. The Bruins received 30 of the 32 first-place votes from a national media panel. The Gamecocks and the Fighting Irish each got one first-place vote. UConn fell to seventh behind Texas and LSU. Maryland, Oklahoma and Ohio State rounded out the top 10 teams. Duke dropped five spots to No. 14 after losing to South Florida on Saturday. The Blue Devils' other two losses this season were to Maryland and South Carolina. The Bulls are 7-6 on the season, with four of those losses coming against ranked opponents (UConn, Louisville, TCU and South Carolina). Alabama jumped back into the poll at No. 20 two weeks after falling out. The Crimson Tide had an impressive 82-67 victory over Michigan State, handing the Spartans their first loss of the season. It was Alabama's first victory over a ranked opponent this year. The Southeastern Conference has eight teams in the poll this week with Alabama's return. The Big Ten is next with seven. The ACC has six while the Big 12 has three and the Big East one. No. 23 Michigan at No. 4 USC, Sunday. The Wolverines start Big Ten play with a trip to Los Angeles to face the Trojans on Sunday and then the Bruins a few days later. Coach Kim Barnes Arico's young team is off to a 10-2 start.

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President-elect Donald Trump’s lawyers urge judge to toss his hush money convictionNone

Truist Financial Corp. stock rises Monday, still underperforms marketPresident-elect Donald Trump’s lawyers urge judge to toss his hush money conviction

The other day we told you about Jaguar's weird , woke rebranding and the ad that raised more than a few eyebrows. The entire thing was bizarre, mostly because Jaguar clearly isn't reading the room: that woke nonsense is dying out (thank goodness). They were absolutely dragged for it and the critics were right. If this writer didn't know Jaguar sold cars, she wouldn't have had a clue about that ad and -- if she were to ever be in the market for a luxury vehicle -- the ad didn't make her want to buy a Jaguar. You'd think they'd listen to the reaction of the car buying public and rethink this ad. You'd think wrong. They doubled down in this vaguely threatening way: Soon you'll see things our way. This writer guarantees you she won't. But you do you, Jaguar. That sounds like a threat. pic.twitter.com/eOvLtxdAud Laughed out loud. No, we really won't. Read the room!🙄 This seems like the most basic function of the advertising department: reading the room. Guess not. Or your customers will "Bud Light" you into irrelevance, which is more likely Going the Bud Light route is far more likely. Have you lost your minds? Customers dictate what customers want! Shoving this down our throats is offensive. Soon YOU will see things OUR way... They sure will. Great campaign, guys. pic.twitter.com/jWnZltrNEn Same vibes, really. Cool. Here's our way. pic.twitter.com/kxUNwmsyqi Boom. “Our way”? wtf? How about seeing things in your customer’s way? Are you a business or an activist group? You can’t be both. They're gonna learn they can't be both. The hard way, if necessary. If this is your way, that's not the way we'd like to go 🫣🙃 pic.twitter.com/7jAiEYqRqV Nope. The best part is that the marketing team has to be giving themselves high-fives at this point. https://t.co/hxgf2VLeea They'll do that right up until the second they land on the unemployment line. Prolly not https://t.co/TExvsglZLB Definitely not. Whoever the kid behind the social media account is, you don't understand the Jaguar history. I knew Nick Scheele before he was knighted and became the CEO. My ex was the governor (Plant manager for Americans) You have sullied Nick's reputation and the Jaguar name. https://t.co/6yXNYRqIho They sure have. This kind of evil, condescending crap is why I will never even consider buying a Jaguar. https://t.co/RBT6EmZ5pB Never. This writer could win the lottery tomorrow and she wouldn't drop a dime on Jaguar. Aston Martin's ugly sister says what?!?! https://t.co/U1O3kh4PE0 James Bond like this insult. Kind of an amazing reply actually https://t.co/B7Ex1a6gci Actually, it kind of is.