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has been sued by investors who claim that the media conglomerate lied about potential fallout from its loss of rights. A proposed class action, filed in New York federal court on Monday, accuses WBD of mischaracterizing the impact that losing rights to regular and postseason games for its TNT network would have on its business. In August, a month after the NBA officially rejected WBD’s offer to match the rights package that it cut with Amazon, the company $9.1 billion goodwill impairment charge related to the depreciation of its TV networks, which accounts for its failure to renew its deal with the league. The company’s stock fell by nearly nine percent in after-hours trading the day the announcement was made. TNT has been a broadcast partner with the NBA since 1988, paying an annual average fee of $1.2 billion under its existing agreement with the league. Earlier this year, the NBA entered into discussions with various partners for a new round of deals after WBD failed to reach a new contract within its exclusive negotiating window. In July, the NBA announced a trio of blockbuster TV and streaming rights packages with Disney, NBCUniversal and Amazon. The lawsuit takes issue with WBD’s failure to disclose that the loss of NBA rights were likely to cause the company to significantly reevaluate its business, reflected in the massive impairment charge. It points to optimistic statements about WBD’s prospects this year from chief executive David Zaslav, who said in a February earnings calls that the company is “now on solid footing with a clear pathway to growth” and is “confident in its ability to drive sustained operating momentum and enhanced shareholder value.” In regard to the state of negotiations with the NBA at the time, he said discussions were “constructive and productive.” When an analyst noted the positive news, WBD chief financial officer Gunnar Wiedenfels responded, “It’s very easy to lose control over sports rights investments,” the lawsuit says. He added, “That’s not what we do. We’re going — we know exactly what value we assign and we stay disciplined during our discussions.” Investors take aim at “boilerplate” representations regarding WBD’s investments in securing licenses for sports programming in its impairment analysts last year. The company stated that its ability to obtain the licenses “will not have a material adverse effect on our business, financial condition or results of operations” while downplaying the risk of impairment charges, according to the complaint. “Plainly, the foregoing risk warning was a generic, catch-all provision that was not tailored to WBD’s actual known risks regarding its sports rights negotiations with the NBA,” states the lawsuit. In May, after WBD’s exclusive sports rights negotiating window with the NBA expired without a deal, Zaslav in an earnings call touted the company’s decades-long partnership with the league and its rights to match any competing offers. The lawsuit targets WBD neglecting to disclose in financial filings the increased risk of recording billions of dollars in impairment charges if it were to lose NBA rights. When WBD reported its second quarter earnings in August, Wiedenfels pointed to “sports right discussion like the one with the NBA” as a “triggering event” for the reevaluation of the company’s business. He explained, “That’s what then leads to evaluation, which in the second quarter happened to be $9.1 billion below what was on the books for the network segment.” To pursue the lawsuit, investors must prove that the defendants, who include Zaslav and Wiedenfels, knew that their statements were misleading or were acting in reckless disregard of the information known to them at the time. WBD didn’t immediately respond to a request for comment. In July, WBD sued the NBA in New York state court after the league refused to accept the company’s matching offer for one of the packages in its new 11-year media rights deal. As part of a , reached earlier this month, will appear on ESPN and ABC beginning next season. TNT Sports will continue to produce the show, with the quartet of Ernie Johnson Jr., Charles Barkley, Kenny Smith and Shaquille O’Neal expected to remain. THR Newsletters Sign up for THR news straight to your inbox every day More from The Hollywood ReporterAn old lady foolishly ignored by people who don’t notice her sharp, glinting eyes watching their every move? No, not Jane Marple, but Kathy Bates’s Madeline “Matty” Matlock, whose creators haven’t so much run with a key idea behind Agatha Christie’s creation as careered into town on a juggernaut, honking its horn. In Matlock (Sky Witness), a high-concept gender-swap reboot of the Eighties 1egal drama, we first meet our woman shuffling her change in a coffee shop, secreting free sweets and sugar sachets, and earwigging on a stock yuppie before conning her way into the offices of her swish old New York law firm and asking to return. Rather miraculously, she uses the intel gleaned from the coffee shop to get rehired. This, by the way, is one of a number of implausible moments in a drama where credulity feels so stretched the show might as well be made of elastic.
Stena RoRo takes delivery of the battery hybrid vessel Guillaume de Normandie
ELON MUSK, THE world’s richest person and one of Donald Trump’s closest allies, met with US lawmakers today about his plans for overseeing radical government spending cuts under the incoming Trump administration. President-elect Trump rewarded the Tesla, X and SpaceX chief for his support during the White House campaign by naming him head of the newly created Department of Government Efficiency, along with another wealthy ally Vivek Ramaswamy. Although the office, dubbed DOGE, has a purely advisory role, Musk’s star power and intense influence in Trump’s inner circle bring political clout. As Musk and Ramaswamy strode into the Capitol for meetings with lawmakers, Republican Speaker Mike Johnson touted “a new day in America”. “There’s an enormous amount of waste, fraud and abuse,” he told reporters. “Government is too big, it does too many things, and it does almost nothing well.” Musk and Ramaswamy have said they can identify billions of dollars of cuts in spending, sparking questions about whether Republicans will even try to slash politically popular social security programs. Writing in the Wall Street Journal last month, the two businessmen laid out plans for the White House to cut staff, trim government programs and reduce federal regulations, even if it means bypassing Congress, which holds budgetary power. “The entrenched and ever-growing bureaucracy represents an existential threat to our republic, and politicians have abetted it for too long,” Musk and Ramaswamy wrote. “We’re doing things differently. We are entrepreneurs, not politicians. During Trump’s election campaign, Musk vowed to reduce federal spending by $2 trillion. This would represent cutting total US spending by a third, almost certainly meaning devastation of social support programs — something that has never garnered strong political backing. Musk’s emphasis on firing large numbers of government employees, however, echoes Republican talking points about the need to take on an overbearing state and may garner more support. Musk says he is seeking “mass headcount reductions across the federal bureaucracy”. Musk suggested banning government employees from working at home as an opening tactic. “Requiring federal employees to come to the office five days a week would result in a wave of voluntary terminations that we welcome.” Cuts will also target subsidies to public broadcasters and groups such as Planned Parenthood, which campaigns for abortion access and offers an array of reproductive health services. But DOGE is unlikely, at least initially, to go after welfare programs such as Social Security or health insurance for the poor and seniors, Ramaswamy said in an interview with Axios yesterday. Such cuts should be “a policy decision that belongs to the voters” and their representatives in Congress, Ramaswamy said. A reduction in military spending, which climbed to $820 billion in 2023, is also unlikely to be on the table. Musk’s new role raises the question of potential conflicts of interest, since he could be issuing policy recommendations that impact directly on his own business empire.Neil deGrasse Tyson, the world-famous astrophysicist, has always held a deep respect for the pioneers of science, no matter where they came from. His recent comments about Africa 's forgotten scientific heroes serve as a powerful reminder that the cradle of humanity also holds a rich history in science and technology . This article explores Tyson's recommended books that shed light on Africa's scientific giants and their contributions to global knowledge. 'Pathfinders: The Golden Age of Arabic Science' Pathfinders: The Golden Age of Arabic Science' by Jim Al-Khalili (recommended by Tyson) explores the often-overlooked contributions of Arabic scientists, particularly from North Africa. By focusing on figures like Ibn al-Haytham, the father of modern optics, it emphasizes the multicultural roots of scientific thought and broadens our understanding of science history. 'African Cosmos: Stellar Arts' Neil deGrasse Tyson recommends Stephen Belcher's African Cosmos: Stellar Arts This book explores the profound ways in which ancient African civilizations interpreted the universe, utilizing astronomical insights to inform their cultures and belief systems. It serves as a captivating challenge to Eurocentic perspectives on the history of astronomy, emphasizing Africa's integral contribution to humanity's understanding of space and time. 'The Man Who Knew Infinity' Neil deGrasse Tyson recommends The Man Who Knew Infinity: A Life of the Genius Ramanujan by Robert Kanigel. While not focusing on an African scientist, this book emphasizes Srinivasa Ramanujan's mathematical brilliance. This biography, enjoyed by Tyson, demonstrates how diverse backgrounds drive global scientific advancement. This aligns with Tyson's respect for contributions from all parts of the world, including Africa. Finding the hidden dimension This section focuses on Ron Eglash's pioneering research on the presence of fractal geometry in African architecture and art. While not directly recommended by Neil deGrasse Tyson, his passion for interdisciplinary studies implies he would appreciate Eglash's work. These analyses reveal that African designs have intuitively incorporated complex mathematical principles, contributing to Africa's underappreciated role in the academic acknowledgment of these concepts.
Harmonizing cultures: African fusion music innovators
WASHINGTON , Dec. 5, 2024 /PRNewswire/ -- Shield AI, the defense technology company building autonomy for the world, has announced it is expanding its work with Palantir Technologies Inc. (NASDAQ: PLTR), a leading provider of AI systems, to develop and deliver large-scale command and control of autonomous uncrewed systems, including operations in GPS- and communications-denied environments. With Warp Speed, Palantir's manufacturing OS for American re-industrialization, Shield AI is doubling down on its commitment to delivering scalable, AI-powered solutions to protect service members and civilians. By leveraging Shield AI's advanced Hivemind software development kit, along with Palantir's suite of powerful software solutions—including enterprise resource planning, geospatial intelligence, and operational decision-making tools—the partnership combines the strengths of both companies to address the most critical defense challenges. "Shield AI and Palantir have both built technology products proven in the most demanding environments," said Brandon Tseng , Shield AI's President, Co-founder, and former Navy SEAL. "Our partnership is about bringing together Palantir's software dominance and Shield AI's expertise in autonomy to deliver the best possible outcomes for customers. It's exciting to scale up what we've been working on together in this next chapter of our partnership." This announcement builds on work Shield AI and Palantir showcased at the Association of the U.S. Army's (AUSA) Annual Meeting and Expo in October, where the companies demonstrated the integration of Shield AI's Hivemind with Palantir's Gaia. This integration created a unified command-and-control system for autonomous systems. Hivemind's proven autonomy capabilities—demonstrated on platforms like the V-BAT , F-16, MQM-178 Firejet, and Nova quadcopter—now seamlessly integrate with Gaia's geospatial intelligence tools, enabling real-time mission execution and precision targeting. "The American Industrial Base needs Warp Speed," said Shyam Sankar , Palantir's Chief Technology Officer and Executive Vice President. "Shield AI stands out in their field, having achieved mission impact and product results where others have struggled. This partnership, and Shield AI's deploying of our newly announced manufacturing OS will enable faster and better delivery to customers, and ultimately aid in the defense of the West." About Palantir Technologies Inc. Foundational software of tomorrow. Delivered today. Additional information is available at https://www.palantir.com . Forward-Looking 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. These statements may relate to, but are not limited to, Palantir's expectations regarding the amount and the terms of the contract and the expected benefits of our software platforms. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond our control. These risks and uncertainties include our ability to meet the unique needs of our customer; the failure of our platforms to satisfy our customer or perform as desired; the frequency or severity of any software and implementation errors; our platforms' reliability; and our customer's ability to modify or terminate the contract. Additional information regarding these and other risks and uncertainties is included in the filings we make with the Securities and Exchange Commission from time to time. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise. Media Contact Lisa Gordon, media@palantir.com About Shield AI Founded in 2015, Shield AI is a venture-backed defense technology company whose mission is to protect service members and civilians with intelligent systems. In pursuit of this mission, Shield AI is building the world's best AI pilot. Its AI pilot, Hivemind, has flown jets (F-16; MQM-178 Firejet), a vertical takeoff and landing drone (MQ-35 V-BAT), and three quadcopters (Nova, Nova 2, iPRD). The company has offices in San Diego , Dallas , Washington DC and abroad. Shield AI's products and people are currently in the field actively supporting operations with the U.S. Department of Defense and U.S. allies. For more information, visit www.shield.ai. Follow Shield AI on LinkedIn, X and Instagram. Media Contact Lily Hinz , media@shield.ai View original content to download multimedia: https://www.prnewswire.com/news-releases/shield-ai-and-palantir-technologies-deepen-strategic-partnership-and-announce-deployment-of-warp-speed-302324396.html SOURCE Shield AIApollo Minerals intersects shallow high-grade gold at Salanie in Gabon
NoneBillionaires have seen their combined wealth shoot up 121 percent over the past decade to $14 trillion, Swiss bank UBS said Thursday, with tech billionaires' coffers filling the fastest. Switzerland's biggest bank, which is among the world's largest wealth managers, said the number of dollar billionaires increased from 1,757 to 2,682 over the past 10 years, peaking in 2021 with 2,686. The 10th edition of UBS's annual Billionaire Ambitions report, which tracks the wealth of the world's richest people, found that billionaires have comfortably outperformed global equity markets over the past decade. The report documents "the growth and investment of great wealth, as well as how it's being preserved for future generations and used to have a positive effect on society", said Benjamin Cavalli, head of strategic clients at UBS global wealth management. Between 2015 and 2024, total billionaire wealth increased by 121 percent from $6.3 trillion to $14.0 trillion -- while the MSCI AC World Index of global equities rose 73 percent. The wealth of tech billionaires increased the fastest, followed by that of industrialists. Worldwide, tech billionaires' wealth tripled from $788.9 billion in 2015 to $2.4 trillion in 2024. "In earlier years, the new billionaires commercialised e-commerce, social media and digital payments; more recently they engineered the generative AI boom, while also developing cyber-security, fintech, 3D printing and robotics," UBS said. The report found that since 2020, the global growth trend had slowed due to declines among China's billionaires. From 2015 to 2020, billionaire wealth grew globally at an annual rate of 10 percent, but growth has plunged to one percent since 2020. Chinese billionaire wealth more than doubled from 2015 to 2020, rising from $887.3 billion to $2.1 trillion, but has since fallen back to $1.8 trillion. However, North American billionaire wealth has risen 58.5 percent to $6.1 trillion since 2020, "led by industrials and tech billionaires". Meanwhile billionaires are relocating more frequently, with 176 having moved country since 2020, with Switzerland, the United Arab Emirates, Singapore and the United States being popular destinations. In 2024, some 268 people became billionaires for the first time, with 60 percent of them entrepreneurs. "The year's new billionaires were mainly self-made," said UBS. The report said US billionaires accrued the greatest gains in 2024, reinforcing the country's place as the world's main centre for billionaire entrepreneurs. Their wealth rose 27.6 percent to $5.8 trillion, or more than 40 percent of billionaire wealth worldwide. Billionaires' wealth from mainland China and Hong Kong fell 16.8 percent to $1.8 trillion, with the number of billionaires dropping from 588 to 501. Indian billionaires' wealth increased 42.1 percent to $905.6 billion, while their number grew from 153 to 185. Western Europe’s total billionaire wealth rose 16.0 percent to $2.7 trillion -- partly due to a 24 percent increase in Swiss billionaires. UAE billionaires' aggregate wealth rose 39.5 percent to $138.7 billion. UBS said billionaires faced an "uncertain world" over the next 10 years, due to high geopolitical tensions, trade barriers and governments with mounting spending requirements. Billionaires will therefore need to rely on their previous distinctive traits: "smart risk-taking, business focus and determination". "Risk-taking billionaires are likely to be at the forefront of creating two technology-related industries of the future already taking shape: generative AI and renewables/electrification," UBS predicted. And more flexible wealth planning will be needed as billionaire families move country and spread around the world. The heirs and philanthropic causes of baby boom billionaires are set to inherit an estimated $6.3 trillion over the next 15 years, UBS said. rjm/gv
Subscribe to our newsletter Privacy Policy Success! Your account was created and you’re signed in. Please visit My Account to verify and manage your account. An account was already registered with this email. Please check your inbox for an authentication link. Support Independent Arts Journalism As an independent publication, we rely on readers like you to fund our journalism. If you value our coverage and want to support more of it, consider becoming a member today . Already a member? Sign in here. We rely on readers like you to fund our journalism. If you value our coverage and want to support more of it, please join us as a member . The Pantone Color Institute has unveiled its pick for 2025 Color of the Year: Mocha Mousse. Succeeding this year’s selection of a semi-optimistic Peach Fuzz, Mocha Mousse is exactly what it says it is — a light, sweet, creamy brown with a warm undertone. This is the first time Pantone has chosen a shade of brown for the distinction, not counting the earthy reddish-brown Marsala of 2015. As it tends to happen with matters of personal taste, Pantone’s Color of the Year (and occasional tandem picks) has been contentious since its inception in 2000, even sparking an online conspiracy theory about the selection process last year. Today alone, people have been coming out in droves to express their deep-seated hatred for or utter confusion about Mocha Mousse in various comments sections . USA Today even insinuated that Brat green had been snubbed in favor if the more “demure” milk chocolate tone. Pantone maintains that it selects the annual color based on world events, attitudes, and trends. This year, the institute’s Executive Director Leatrice Eiseman explained in a press statement that Mocha Mousse “expresses a level of thoughtful indulgence,” calling the color “sophisticated and lush” as well as an “unpretentious classic.” Get the latest art news, reviews and opinions from Hyperallergic. Daily Weekly Opportunities I’m not one for following trends in luxury goods, fashion, cosmetics, or home goods by any means, so I can’t really opine on how Mocha Mousse is slated to impact the consumer market in any way whatsoever — nor do I really care that much in the first place. I do, however, find it a bit odd if not side-eye worthy that so many people can’t fathom looking at a shade of brown without likening it to poop. In my mind’s eye, Mocha Mousse brings about the softness of a plush teddybear. A silky, creamy Dunkin’ hot chocolate (born and bred Masshole here). A velvety suede on a favored pair of boots. The frothy frosting that fuses layers of chocolate cake together. The mushy organic clay taken from riverbanks to siphon impurities from our skin in face masks. The highlights on the fuzzy feathers of beloved Kiwi birds. And quite frankly, Mocha Mousse runs a little bit more personal for me as both a color and a name. Since I have the opportunity to pontificate in my own thinkpiece, I’ll say that I’ve been wearing foundations, eyeshadows, concealers, lipsticks, and even nail polishes in similar shades of “Mocha,” “Chocolate,” “Cocoa,” “Cappuccino,” and other decadent drink or dessert titles for over a decade now. Those are the titles cosmetic brands have assigned to my skin color and the shades closest to it. I’m well-aware of the politics of objectification , fetishization , and consumption that surround these names, but if I have to be objectified, I much prefer being likened to a sweet treat over having my skin tone called “shit brown,” “diarrhea brown,” or “dirt” — all of which I’ve been faced with throughout my life. Dirt or excrement might be brown, but not all browns can be compared to dirt or excrement. Urine is (hopefully) yellow, but do you point at a buttercup or taxicab and wrinkle your nose? Blood and scabs are red ... Hell, Pantone even developed its own “ Period Red ” (it’s just plain red) in acknowledgement of the stigma surrounding menstruation. But do you look at red velvet cake or rose petals and shudder a little bit? I get that it’s not that serious, but I am always unfortunately attuned to the manner in which people respond to the color brown being that I wake up and look in the mirror every day as a Perpetually Offended Brown PersonTM. The only thing I find egregious about this year’s color campaign is the supporting AI-generated imagery for Mocha Mousse, which is inexplicably but profoundly sinister in a way I cannot easily find words for. I guess you could say I just don’t like that shit ... 🤷🏾♀️ We hope you enjoyed this article! Before you keep reading, please consider supporting Hyperallergic ’s journalism during a time when independent, critical reporting is increasingly scarce. Unlike many in the art world, we are not beholden to large corporations or billionaires. Our journalism is funded by readers like you , ensuring integrity and independence in our coverage. We strive to offer trustworthy perspectives on everything from art history to contemporary art. We spotlight artist-led social movements, uncover overlooked stories, and challenge established norms to make art more inclusive and accessible. With your support, we can continue to provide global coverage without the elitism often found in art journalism. If you can, please join us as a member today . Millions rely on Hyperallergic for free, reliable information. By becoming a member, you help keep our journalism free, independent, and accessible to all. Thank you for reading. Share Copied to clipboard Mail Bluesky Threads LinkedIn Facebook
NEW YORK , Dec. 23, 2024 /PRNewswire/ -- A closed-end fund that invests in global equities using a disciplined value approach Average weekly trading volume of approximately 48,746 shares Fund's adviser has more than 50 years of small- and micro-cap investment experience *Not Annualized Important Performance and Expense Information All performance information reflects past performance, is presented on a total return basis, and reflects the reinvestment of distributions. Past performance is no guarantee of future results. Current performance may be higher or lower than performance quoted. Returns as of the most recent month-end may be obtained at www.royceinvest.com . The market price of the Fund's shares will fluctuate, so that shares may be worth more or less than their original cost when sold. The Fund invests primarily in securities of small-cap and mid-cap companies, which may involve considerably more risk than investing in larger-cap companies. The Fund's broadly diversified portfolio does not ensure a profit or guarantee against loss. From time to time, the Fund may invest a significant portion of its net assets in foreign securities, which may involve political, economic, currency and other risks not encountered in U.S. investments. 1 Geometric Average : This weighted calculation uses each portfolio holding's market cap in a way designed to not skew the effect of very large or small holdings; instead, it aims to better identify the portfolio's center, which Royce believes offers a more accurate measure of average market cap than a simple mean or median. 2 Harmonic Average : This weighted calculation evaluates a portfolio as if it were a single stock and measures it overall. It compares the total market value of the portfolio to the portfolio's share in the earnings of its underlying stocks. The Price-Earnings , or P/E, ratio is calculated by dividing a company's share price by its trailing 12-month earnings-per-share (EPS). The Fund's P/E ratio calculation excludes companies with zero or negative earnings (18% of portfolio holdings as of 11/30/24). The Price-to-Book, or P/B, Ratio is calculated by dividing a company's share price by its book value per share. The Price-to-Book , or P/B, Ratio is calculated by dividing a company's share price by its book value per share. Net leverage is the percentage, in excess of 100 %, of the total value of equity type investments, divided by net assets. Portfolio Composition Recent Developments The investment goal of Royce Global Trust is long-term growth of capital. Under normal market circumstances, the Fund will invest at least 80% of its net assets in equity securities, such as common stock and preferred stock, and at least 65% of its net assets in the equity securities of companies located in at least three countries outside of the United States . Royce & Associates, LP manages the Fund. Daily net asset values (NAVs) for Royce Global Trust are now available on our website and online through most ticker symbol lookup services and on broker terminals under the symbol XRGTX. For more information, please call The Royce Funds at (800) 221-4268 or visit our website at www.royceinvest.com . An investor in Royce Global Trust should consider the Fund's investment goals, risks, fees, charges, and expenses carefully before purchasing share's of the Fund's common stock. Important Disclosure Information Closed-End Funds are registered investment companies whose shares of common stock may trade at a discount to their net asset value. Shares of each Fund's common stock are also subject to the market risks of investing in the underlying portfolio securities held by the Fund. Royce Fund Services, LLC. ("RFS") is a member of FINRA and has filed this material with FINRA on behalf of each Fund. RFS does not serve as a distributor or as an underwriter to the closed-end funds. SOURCE Royce Global Value Trust, Inc.Reports: Bill Belichick interviews for North Carolina job
MISSISSAUGA, Ontario, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Bird Construction Inc. (TSX: BDT) is pleased to announce the appointment of Evelyn Angelle to its Board of Directors (the “Board”), effective immediately. Ms. Angelle will fill a vacancy on the Board, bringing the total number of directors to 10. Ms. Angelle, a private investor, philanthropist and director, joins the Board with a distinguished background in public company finance and public accounting, having held senior leadership positions at Halliburton Company after a 15-year career in the audit practice of Ernst & Young LLP. A certified public accountant in Texas and certified management accountant, Ms. Angelle’s expertise will be instrumental as Bird continues to pursue its strategic growth initiatives. "We are delighted to welcome Evelyn Angelle to our Board of Directors," said Paul Raboud, Chairman of Bird Construction Inc. "With her extensive experience in public accounting and senior financial roles as well as her knowledge of supply chain management and investor relations, we are confident that she will make significant contributions to our Board and its Committees as we continue to execute on our strategic priorities and drive value for our shareholders." Ms. Angelle will immediately join the Board’s Audit Committee and Health, Safety and Environment Committee. Mr. Richard Bird will continue to serve as Audit Committee Chair in an interim capacity. About Evelyn Angelle Ms. Angelle is an independent corporate director. She currently serves as a director of Forum Energy Technologies, Inc. (NYSE: FET), where she chairs the Audit Committee and is a member of the Nominating, Governance and Sustainability Committee. Ms. Angelle also serves as a member of the Board of Directors, and as a member of the Audit Committee, of STEP Energy Services, Ltd. (TSX: STEP), an oilfield services company. Ms. Angelle serves on the Board of Managers of Amp Americas II Holdings LLC, a privately held renewable natural gas company, where she chairs the Audit Committee. Through her career, Ms. Angelle served in numerous executive roles, including as Executive Vice President and Chief Financial Officer of BJ Services Company LLC, and Senior Vice President, Supply Chain, for Halliburton. Prior to that, she served as Senior Vice President and Chief Accounting Officer, and Vice President of Investor Relations, both with Halliburton. Before joining Halliburton, Ms. Angelle worked for 15 years in the audit practice of Ernst & Young LLP, specializing in serving large, multinational public companies. She is a graduate of St. Mary’s College (Notre Dame), where she holds a degree in Accounting. Additionally, she holds a certificate in Cyber Security Oversight from Carnegie Mellon University. Beyond her corporate roles, Ms. Angelle is actively engaged in charitable organizations, serving on the Board of Directors and executive committees of Junior Achievement of Southeast Texas and Junior Achievement USA. Ms. Angelle is a member of the National Association of Corporate Directors (NACD), where she was awarded the distinguished Board Leadership Fellow designation. "I am honored to join the Board of Directors at Bird Construction Inc. and look forward to working with the Board and management team to support the company’s strategic vision," said Ms. Angelle. "I am excited to become part of Bird’s strong 100-year foundation and to build on its tradition of trust." The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release. For further information contact: T.L. McKibbon, President & CEO or W.R. Gingrich, CFO Bird Construction Inc. 5700 Explorer Drive, Suite 400 Mississauga, ON L4W 0C6 Phone: (905) 602-4122 investor.relations@bird.ca About Bird Construction Bird (TSX: BDT) is a leading Canadian construction and maintenance company operating from coast-to-coast-to-coast. Servicing all of Canada's major markets through a collaborative, safety-first approach, Bird provides a comprehensive range of construction services, self-perform capabilities, and innovative solutions to the industrial, buildings, and infrastructure markets. For over 100 years, Bird has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders. www.bird.ca
NEW YORK (AP) — The huge rally for U.S. stocks lost momentum on Thursday as Wall Street counted down to a big jobs report that’s coming on Friday. The crypto market had more action, and bitcoin briefly burst to a record above $103,000 before pulling back. The S&P 500 slipped 0.2% from the all-time high it had set the day before, its 56th of the year so far, to shave a bit off what’s set to be one of its best years of the millennium . The Dow Jones Industrial Average fell 248 points, or 0.6%, while the Nasdaq composite slipped 0.2% from its own record set the day before. Bitcoin powered above $100,000 for the first time the night before, after President-elect Donald Trump chose Paul Atkins, who's seen as a crypto advocate, as his nominee to head the Securities and Exchange Commission. The cryptocurrency has climbed dramatically from less than $70,000 on Election Day, but it fell back as Thursday progressed toward $99,000, according to CoinDesk. Sharp swings for bitcoin are nothing new, and they took stocks of companies enmeshed in the crypto world on a similar ride. After rising as much as 9% in early trading, MicroStrategy, a company that’s been raising cash just to buy bitcoin, swung to a loss of 4.8%. Crypto exchange Coinbase Global fell 3.1% after likewise erasing a big early gain. Elsewhere on Wall Street, stocks of airlines helped lead the way following the latest bumps up to financial forecasts from carriers. American Airlines Group soared 16.8% after saying it’s making more in revenue during the last three months of 2024 than it expected, and it will likely make a bigger profit than it had earlier forecast. The airline also chose Citi to be its exclusive partner for credit cards that give miles in its loyalty program. That should help its cash coming in from co-branded credit card and other partners grow by about 10% annually. Southwest Airlines climbed 2% after saying it’s seeing stronger demand from leisure travelers than it expected. It also raised its forecast for revenue for the holiday traveling season. On the losing end of Wall Street was Synposys, which tumbled 12.4%. The supplier for the semiconductor industry reported better profit for the latest quarter than analysts expected, but it also warned of “continued macro uncertainties” and gave a forecast for revenue in the current quarter that fell short of some analysts’ estimates. American Eagle Outfitters fell even more, 14.3%, after the retailer said it’s preparing for “potential choppiness” outside of peak selling periods. It was reminiscent of a warning from Foot Locker earlier in the week and raised more concerns about how resilient U.S. shoppers can remain. Solid spending by U.S. consumers has been one of the main reasons the U.S. economy has avoided a recession that earlier seemed inevitable after the Federal Reserve hiked interest rates to crush inflation. But shoppers are now contending with still-high prices and a slowing job market . This week’s highlight for Wall Street will be Friday’s jobs report from the U.S. government, which will show how many people employers hired and fired last month. A report on Thursday said the number of U.S. workers applying for unemployment benefits rose last week but remains at historically healthy levels. Expectations are high that the Fed will cut its main interest rate again when it meets in two weeks. The Fed began easing its main interest rate from a two-decade high in September, hoping to offer more support for the job market. In the bond market, the yield on the 10-year Treasury edged down to 4.17% from 4.18% late Wednesday. The S&P 500 fell 11.38 points to 6,075.11. The Dow sank 248.33 to 44,765.71, and the Nasdaq composite lost 34.86 to 19,700.26. In stock markets abroad, indexes were mostly calm in Europe after far-right and left-wing lawmakers in France joined together to vote on a no-confidence motion that will force Prime Minister Michel Barnier and his Cabinet to resign. The CAC 40 index in Paris added 0.4%. In South Korea, the Kospi fell 0.9% to compound its 1.4% decline from the day before. President Yoon Suk Yeol was facing possible impeachment after he suddenly declared martial law on Tuesday night. He revoked the martial law declaration six hours later. Crude oil prices slipped after eight members of the OPEC+ alliance of oil exporting countries decided to put off increasing oil production. AP Business Writers Yuri Kageyama and Matt Ott contributed.
3 key megatrends to shape investingBASE SHELF PROSPECTUS IS ACCESSIBLE, AND PROSPECTUS SUPPLEMENT WILL BE ACCESSIBLE WITHIN TWO BUSINESS DAYS, ON SEDAR+ AND ON EDGAR TORONTO, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Profound Medical Corp. (TSX: PRN; NASDAQ: PROF) ("Profound” or the "Company”) today announced that it intends to offer and sell common shares (the "Common Shares”) in an underwritten public offering (the "Offering”). In addition, Profound expects to grant the underwriters of the Offering a 30-day option to purchase up to an additional 15% of the Common Shares sold in the Offering. All of the securities in the Offering are being offered by Profound. 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. The net proceeds of the Offering are expected to be used: (i) to fund the continued commercialization of the TULSA-PRO® system in the United States, (ii) to fund the continued development and commercialization of the TULSA-PRO® system and the Sonalleve® system globally, and (iii) for working capital and general corporate purposes. The Offering is expected to be completed pursuant to an underwriting agreement to be entered into between the Company and Raymond James Ltd. and Lake Street Capital Markets as co-lead underwriters and joint bookrunners, and a third underwriter. The Offering is expected to take place in each of the provinces and territories of Canada, except the province of Québec, and in the United States. The Offering is expected to close on or about December 10, 2024, subject to customary closing conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange. Profound will notify the Nasdaq Capital Market in accordance with the rules of that exchange. In connection with the Offering, the Company has filed a preliminary prospectus supplement (the "Preliminary Prospectus Supplement”) and intends to file a subsequent prospectus supplement (the "Prospectus Supplement”) to its short form base shelf prospectus dated July 10, 2024 (the "Base Shelf Prospectus”) in each of the provinces and territories of Canada relating to the proposed Offering. The Prospectus Supplement will also be filed in the United States with the U.S. Securities and Exchange Commission (the "SEC”) as part of the Company's effective registration statement on Form F-10 (File no. 333-280236), as amended, previously filed under the multijurisdictional disclosure system adopted by the United States. Access to the Base Shelf Prospectus, the Prospectus Supplement, and any amendments to the documents will be provided in accordance with securities legislation relating to procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment. The Base Shelf Prospectus is, and the Prospectus Supplement will be (within two business days of the date hereof), accessible on SEDAR+ at www.sedarplus.com and on EDGAR at www.sec.gov . The Common Shares are offered under the Prospectus Supplement. An electronic or paper copy of the Base Shelf Prospectus, the Prospectus Supplement (when filed), and any amendment to the documents may be obtained without charge, from Raymond James Ltd., Scotia Plaza, 40 King St. W., 54th Floor, Toronto, Ontario M5H 3Y2, Canada, or by telephone at 416-777-7000 or by email at [email protected] by providing the contact with an email address or address, as applicable. Copies of the Prospectus Supplement and the Base Shelf Prospectus will be available on EDGAR at www.sec.gov or may be obtained without charge from Raymond James & Associates, Inc., Attention: Equity Syndicate, 880 Carillon Parkway, St. Petersburg, Florida 33716, by telephone at (800) 248-8863, or by email at [email protected] , and from Lake Street Capital Markets, LLC, 920 2nd Ave S - Ste 700, Minneapolis, MN 55402, [email protected] , (612) 326-1305. The Base Shelf Prospectus and Prospectus Supplement contain important, detailed information about the Company and the proposed Offering. Prospective investors should read the Base Shelf Prospectus and Prospectus Supplement (when filed) before making an investment decision. No securities regulatory authority has either approved or disapproved of the contents of this news release. This news 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 province, territory, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, territory, state or jurisdiction. About Profound Medical Corp. Profound is a commercial-stage medical device company that develops and markets customizable, incision-free therapies for the ablation of diseased tissue. Profound is commercializing TULSA-PRO®, a technology that combines real-time MRI, robotically-driven transurethral ultrasound and closed-loop temperature feedback control. Profound is also commercializing Sonalleve®, an innovative therapeutic platform that is CE marked for the treatment of uterine fibroids and palliative pain treatment of bone metastases. Forward-Looking Statements This release includes forward-looking statements regarding Profound and its business which may include, but is not limited to, the Offering, including the Offering's timing, pricing, underwriters, size, terms, selling jurisdictions, closing, over-allotment option, and use of proceeds; the availability and timing of the final prospectus supplement; and, the expectations regarding the efficacy and commercialization of Profound's technology. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "is expected", "expects", "scheduled", "intends", "contemplates", "anticipates", "believes", "proposes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements are based on the current expectations of the management of Profound. The forward-looking events and circumstances discussed in this release, may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company, including risks regarding the medical device industry, regulatory approvals, reimbursement, economic factors, the equity markets generally and risks associated with growth and competition. Although Profound has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement can be guaranteed. Additional information about the risks and uncertainties of forward-looking statements and the assumptions upon which they are based is contained in the Company's filings with securities regulators, which are available electronically through SEDAR+ at www.sedarplus.com and EDGAR at www.sec.gov . Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Profound undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, other than as required by law. For further information, please contact: Stephen Kilmer Investor Relations [email protected] T: 647.872.4849
Trump names Andrew Ferguson as head of Federal Trade Commission to replace Lina Khan
BROOKLYN PARK, Minn. — Huldah Momanyi-Hiltsley is the first Kenyan-born state legislator in the country. The Democrat is set to represent Osseo and parts of Brooklyn Park. “IT’S OVERWHELMING AND HUMBLING“ - This newly elected state representative is making NATIONWIDE history - Huldah... Momanyi-Hiltsley says her dream of becoming a U.S. citizen almost didn't happen. "We were literally 48 hours from being deported from this country," said Momanyi-Hiltsley. She moved to Minnesota at the age of nine — her family making the over 8,000-mile journey from Nyamira County in Kenya. But after 11 years working through the U.S. immigration system, it was a last-minute intervention by then-Senator Paul Wellstone that made the difference. "Our case was then able to be overturned and I couldn't have imagined I would be sitting here, doing an interview, 22+ years later as the newly elected representative for this district," said Momanyi-Hiltsley. The district covering Brooklyn Park and Osseo in the Minnesota House holds a special place for Momanyi-Hiltsley. It's an area she considers another home after attending Cooper High School in nearby New Hope. But the news of her election win is leading to high-profile invites in her home country. "They have invited me to go with my family for a homecoming celebration," she said. "There's a possibility of even meeting the president of Kenya and the first lady for a state visit." The win here in Minnesota is also generating a sense of pride or "kiburi" in Swahili for those in Kenya. "We belive in her," said Duke Maigna Echate, who grew up with her in Kenya. "We are going to support her both spiritually and socially." A support system that this wife and mother of two says led her own American dream. "I sit here as a testament for what this country stands for and the freedoms," Momanyi-Hiltsley added.If you are looking for ASX dividend stocks to buy, then it could be worth listening to what Bell Potter is saying about the three in this article. They have been named on the broker's Australian equities panel for December, which are the stocks it believes offer attractive risk-adjusted returns over the long term. Here's what it is saying: ( ) The first ASX dividend stock that has been named on the broker's Australian equities panel is Eagers Automotive. It is the leading player in the automotive retail market in Australia, with a market share of greater than 10%. Bell Potter believes that it is well-positioned to pay big dividends thanks to a combination of revenue growth and margin expansion. It said: APE should continue to grow revenue via a mix of inorganic and organic growth. The company is also looking to drive margin expansion by buying existing dealership properties (to reduce rent), increasing penetration in finance and insurance (F&I) (higher margin) and through productivity initiatives (technology). Together, management are expecting ~200bps of margin improvement from these initiatives, which would be extremely material (pre-COVID margins of 2.9%). Bell Potter expects a fully franked 5.8% in FY 2025. ( ) Another ASX dividend stock that could be a buy according to Bell Potter is retail giant JB Hi-Fi. The broker believes that JB Hi-Fi could be a big winner from the artificial intelligence (AI) boom. It said: JBH is well positioned to benefit from an upgrade cycle of consumer electronics, specifically mobile phones and personal computers (PC), driven by AI enhancements. We see incremental revenue growth to JBH from the AI-driven upgrade cycle, where we estimate that the AI opportunity could add up to ~12% to the company's topline mid-long-term and presents significant upside to JBH's highly efficient earnings base. Its analysts expect this to underpin a fully franked 2.9% dividend yield in FY 2025. ( ) Bell Potter also has this youth fashion retailer's shares on its Australian equities panel this month. The broker likes Universal Store due to its attractive valuation and positive growth outlook. It explains: Universal Store Holdings is a leading youth focused apparel, footwear and accessories retailer in Australia. UNI will continue to increase store numbers over the next few years, supporting earnings growth of 12% p.a. over (FY25-27). Valuation looks attractive, trading on a fwd P/E of ~14x. UNI is a quality small cap (ROE ~25%) that is executing on its rollout strategy. Bell Potter is forecasting a fully franked 3.9% dividend yield in FY 2025.
Vancouver Canucks goalie Thatcher Demko has a new mask, and fans love it. The team posted a few photos of the goalie’s gear, which he showed off at practice the other day. It accompanies the team’s black skate jersey, which they’re . The first thing that stands out in the mask’s design is the East Van cross, which is prominently featured on the side. There is also a skeleton on the front and a lot of skulls in other places. This isn’t the first new mask Demko has debuted this season. He . After the team posted the new mask to social media, a ton of Canucks fans responded in the comments. The response was overwhelmingly positive. Demko has played four games so far this season. He returned on December 10 after fighting through a knee injury suffered in the first game of last year’s playoffs. Since returning, he has a 1-1-2 record, a 3.18 goals-against-average, and a .887% save percentage. The 29-year-old has always been creative with his mask designs. Past ones have , Canucks icons including Gino Odjick, and special designs to pay homage to Roberto Luongo.