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Meta faces April trial in FTC case seeking to unwind Instagram merger
LOS ANGELES (AP) — A judge on Monday delayed until January his decision on whether to resentence Erik and Lyle Menendez for killing their parents in their Beverly Hills mansion 35 years ago, squashing their family’s hope the brothers would be released and home for the holidays. Superior Court Judge Michael Jesic said at the hearing in Los Angeles that he needed time to review 17 boxes of documents and give a new district attorney in Los Angeles County time to weigh in on the case. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get any of our free email newsletters — news headlines, obituaries, sports, and more.Gene Simmons still considers rock music to be "dead". The KISS legend, 75, continues to profess that no one has come close to the likes of Elvis Presley The Beatles, The Rolling Stones, and Pink Floyd. Appearing on 'The Zak Kuhn Show', Simmons was asked if rock is "still dead", to which he replied: "It is. And people don't understand how I can say that when we all have our favourite songs and we love our favourite bands - you and I and everybody else. "But what I mean is that ... Well, let's play a game, and I've done this before. From 1958 until 1988, that's 30 years. 30 years. So what came during that period? Well, we had Elvis, we had The Beatles, The Stones, Jimi Hendrix, all that, Pink Floyd, the solo artists, "David Bowie and just music that lasts forever, we'd like to think. In the disco world, you had Madonna, more heavy guitars, you had - Oh, God - AC/DC and everybody else, Aerosmith and on and on. And you had Motown at the same time. You had Prince. It was a very, very rich musical menu. It could go up and down. You had prog bands, you had Yes, Genesis, Gentle Giant and you had the heavy bands, Led Zeppelin and so on. And from 1988 until today, it's something like almost 40 years, certainly 35 years. Who are the new Beatles?" Host Kuhn then suggested grunge pioneers Nirvana, but Simmons insisted most young adults wouldn't be able to name any of the other members of the Smells Like Teen Spirit group – except perhaps late frontman Kurt Cobain and drummer Dave Grohl. He reacted: "Stop. We are blinded. I'm a major fan. If you walked down the street and asked a 20-year-old, 'Who's the bass player in Nirvana?', they wouldn't know what you're talking about. Or, 'Can you sing a Nirvana song?' No, no. The Beatles and, to slightly lesser extent, The Stones and Elvis, everybody knew The Beatles If you hated rock music, you knew about them." Simmons blamed it on a "generation gap" and recalled his son Nick being in his early 20s and talking to a girl wearing a Stones T-shirt and her having no clue who the legendary rock 'n' roll band are. The Rock And Roll All Nite rocker also quipped that he is "delusional enough" to believe KISS are "the most recognised faces on the planet". Simmons insisted fame has a lot to do with the success of rock stars and that the likes of Foo Fighters' Dave Grohl are "more popular" because they engage in media appearances. He added: "Not everybody loves Jesus either. That's not the point. Fame itself is the ultimate reward."
Replica enables Fortune 100 financial, business and healthcare institutions and Federal agencies such as the US Army and Defense Innovation Unit to securely engage in high risk cyber activities without compromising productivity. FALLS CHURCH, Va. , Nov. 21, 2024 /PRNewswire/ -- Grey Market Labs (dba Replica Cyber ), a pioneering leader in cybersecurity solutions, proudly announces it has secured $8M in Series A funding led by Capri Ventures, with participation from Blu Ventures and AFG to accelerate adoption of its groundbreaking platform - Replica. This strategic investment will enable the company to advance its mission of delivering Secure Environments-as-a-Service, bringing unparalleled privacy and security in an increasingly vulnerable digital landscape. With this round, Andy Brown , CEO of SandHill East , former CTO of UBS, and current board member of ZScaler and PureStorage, will be joining the Board of Directors as will Dennis Shaya , Partner at Capri Ventures. In addition, Don Duet , Former Head of Technology at Goldman Sachs, and Tim Estes , founder of Angel Kids AI and former CEO at Digital Reasoning, will be joining the advisory board, complementing an already strong team including: Christopher Caine (CEO – Mercator XXI), Gary Cubbage (fmr. EVP – Booz Allen Hamilton ), Nick Donofrio (fmr. EVP Innovation – IBM), Todd Helfrich (VP Federal – Censys). The Replica platform offers Secure Environments-as-a-Service, revolutionizing how organizations protect and enable high risk activities. This includes targeting Russian misinformation campaigns in Ukraine , safe testing of new tech with proprietary data, disrupting financial scams and fraud aimed at seniors, and identifying and mitigating insider threats within organizations, among other scenarios. By integrating patented technology, intelligence tradecraft, and Zero Trust architecture, Replica quickly creates realistic IT environments that encompass hardware, operating systems, applications, networks, and data layers. This innovative solution not only protects user and organizational privacy but also delivers the data, tools and workflows needed for users to be productive in their most sensitive work. Kristopher Schroeder , CEO of Grey Market Labs, emphasized the significance of this funding round: "Replica is the culmination of over 20 years of experience in embedded tradecraft, intelligence operations, and cutting edge software. Our engineering team, with extensive backgrounds in offensive and defensive cyber warfare, has developed a product that is comprehensive with the protection and efficiency needed for today's enterprises and their users." Schroeder goes on to say, "This funding will allow Grey Marketing Labs to accelerate our vision to deliver even more impactful solutions for our customers." Capri Ventures, the lead investor in this funding round, expressed their excitement about partnering with Replica. "We are thrilled to support Grey Market Labs in their mission to redefine cybersecurity with the Replica platform," said Dennis Shaya , Partner with Capri Ventures. "Their innovative approach and deep expertise position them as a frontrunner in the industry, especially financial services, and we believe this partnership will drive significant advancements in digital privacy and security." Available as both a SaaS product and a hosted service, Replica enables secure work even in a global ecosystem, while reducing burden on the IT organization. The platform's flexible architecture supports rapid deployments (noted as some of the fastest in Financial Services), continuous updates, and seamless integration with existing enterprise services, including single-sign-on, proxies, and data governance. Additionally, Replica offers rich audit and reporting functionalities to ensure compliance with regulatory standards and provide the critical observability needed for leadership. Replica has solved critical problems for major Banks, Health Systems, Global Consulting, and Governments with use cases like: Protected Research (deep/dark web, social, automated collects, OSINT), Isolating Acquired (M&A) tech and activities, Advanced Sandboxing for Malware/ Unknown Files , Complex Training Environments, Enabling Fraud /Cyber Investigations, Secure DevOps with Data Controls, Intellectual Property Sharing and Protection, and more. With this new round of funding, Replica is poised to expand its value to customers, enhance its offerings, and further solidify its position as a leader redefining how to protect and enable high-risk activities. For more information about Replica, please visit ReplicaCyber.com . About Grey Market Labs Founded as Grey Market Labs® (dba Replica Cyber ), a Certified B-Corp with the mission to protect life online. Our work protecting the United States from foreign intelligence evolved to the creation of ReplicaTM, the world's first Secure Environments-as-a-Service platform. This patented SaaS platform simplifies creation of comprehensive hybrid-computing systems, delivering privacy and security while giving control to business users and reducing the burden on IT by 99.73%. We have solved critical problems for major Banks, Health Systems, Global Consulting, and Governments with use cases like: Protected Research (deep/dark web, social, automated collects, OSINT), Isolating Acquired (M&A) tech and activities, Advanced Sandboxing for Malware/ Unknown Files , Complex Training Environments, Enabling Fraud /Cyber Investigations, Secure DevOps with Data Controls, and more. For anyone that has tried to build complex, secure systems and platforms - Replica replaces this expensive work with the automation of secure environments. About Capri Ventures Capri Ventures is an early stage venture capital firm focused on Enterprise Technology. The team is composed of former software executives and leaders from Fortune 500 enterprises, bringing significant resources early in a company's lifecycle to help drive commercialization and market adoption. About AFG Partners AFG Partners < https://www.afgvc.com/ > is an Asian-based VC fund investing in B2B fintech and enabling tech startups addressing the critical needs of financial institutions and corporates globally, particularly in Asia . A core part of the strategy is to invest and help companies in Europe and the US who are interested in expanding across Asia via our network of LPs and ecosystem partners. Previous investments of the principals include N26, Unit, Blockdaemon, Airbnb, Transferwise, Gocardless and Wefox amongst others. About Blu Ventures Blu Ventures, a venture capital firmed based in Washington, DC , provides strategic funding and expert guidance in Seed to Series A companies in cybersecurity, healthtech, and B2B software startups. Blu leverages the deep domain expertise of its partners—all former operators with extensive industry experience—to empower visionary entrepreneurs. Learn more at www.bluventureinvestors.com View original content to download multimedia: https://www.prnewswire.com/news-releases/grey-market-labs-announces-8m-series-a-funding-led-by-capri-ventures-to-accelerate-growth-of-its-replica-platform---first-of-its-kind-secure-environment-as-a-service-302313584.html SOURCE Grey Market LabsIntel expects US to shave chip-making grant, sources say
NoneA huge solar farm is being built on our doorstep and it's going to wreck our livesEvery time I look at the stock of Palantir Technologies ( PLTR 6.22% ) , it seems to be at a new record high. The company has been an early winner in the hype cycle for generative artificial intelligence (AI) software. And with shares up 313% year to date at the time of this writing, many investors are wondering how much longer this bull run will last. Let's explore the pros and cons of Palantir to decide if it still has a place in your portfolio. Why Palantir? Founded in 2003, Palantir can be thought of as an early adopter of what we now know as AI. The company specializes in data analytics, which involves processing huge volumes of information to uncover actionable insights and trends. And this tech was a precursor to the large language models (LLMs) behind platforms like ChatGPT. Palantir was quick to adapt to the evolution of its industry. In 2023, it launched its Artificial Intelligence Platform (AIP), designed to combine LLMs with its legacy data analytics. The AIP helps clients with real-time decision-making and allows them to create customized applications based on their data in a secure in-house environment. This can be particularly useful for military and law enforcement, giving operators real-time info about threats and targets during field operations while keeping records for legal and regulatory compliance. What could the next three years have in store? Palantir's third-quarter revenue increased 30% year over year to $725.5 million, helped by the rollout of its new AI-related functionality, particularly among U.S. government and commercial clients. The company is also consistently profitable, with adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rising 39% to $283.6 million, although this figure adds back significant outflows like stock-based compensation, which totaled $142.4 million in the period. Over the next three years, it's safe to assume Palantir can maintain its current growth rate as AI technology improves. Management certainly seems optimistic, with CEO Alex Karp suggesting that organizations that fail to adopt productivity enhancers like its AIP risk being left behind in what he calls a "winner-takes-all economy." The company has scored some high-profile clients, including the armed forces of Israel and Ukraine, which are both using its software for combat-related missions. That said, while Palantir seems to have established trust within the defense industry, it is unclear if the company will be able to fend off large commercial sector rivals like Microsoft or Snowflake, which also offer data analytics and AI software within their cloud computing ecosystems. Sorry, but the valuation is silly Palantir is an easy company to get excited about. It synergizes data analytics with generative AI to serve very cool uses in the military and law enforcement. That being said, hype doesn't pay the bills. With a forward price-to-earnings ratio (P/E) of 152, its valuation has lost touch with reality. The S&P 500 has an average forward P/E estimate of 23, while the AI industry leader Nvidia has a forward P/E of just 33 despite growing its sales and profits by 94% and 109%, respectively, in its most recent quarter. Palantir is nowhere close to this. This level of overvaluation will probably cause the stock to underperform over the next three years. And while early investors can pat themselves on the back for making an unusually good bet, it might be time to consider taking some profits off the table.
Even after dropping to 7-5 following Sunday's 34-26 loss to the Dallas Cowboys, the Washington Commanders are still in position to make the NFC playoffs. However, the margin is razor thin. Washington now sits only half a game ahead of the Arizona Cardinals for the final Wild Card spot, and 1.5 games ahead of three formidable challengers in the Tampa Bay Buccaneers, Los Angeles Rams and San Francisco 49ers. With the 9-2 Minnesota Vikings and 8-3 Green Bay Packers all but locked into the first two Wild Card spots, it's going to come down to those five teams (along with the Seattle Seahawks and Atlanta Falcons, should they lose their respective division leads) for the last one. That means the Commanders can't afford to take any more losses like they had on Sunday. Their defeat at the hands of the 4-7 Cowboys was their first truly bad loss this season, and it needs to end up being their only one. Next week, the Commanders get another home matchup against a three-win team in the Tennessee Titans prior to their Week 14 bye. The Titans are riding some momentum after their own upset road win on Sunday, a 32-27 victory over the Houston Texans. That, combined with the Commanders' loss to Dallas, needs to be a wakeup call that no opponent can be taken lightly. Sunday is a must-win for Washington, and following their week off, they may need to go at least 3-1 against the New Orleans Saints, Philadelphia Eagles, Atlanta Falcons and Cowboys again to secure a playoff spot. It's very doable, but after Sunday, the Commanders are out of mulligans.SANTA CLARA, Calif. (AP) — San Francisco quarterback Brock Purdy took part in some light throwing on Monday after missing his first career game because of an injury and the 49ers are hoping he can return this week. Purdy hurt his throwing shoulder during a loss to Seattle on Nov. 17. Purdy underwent two MRIs last week that showed no structural damage. But Purdy he felt discomfort after making a few throws at practice on Thursday and was shut down for the game at Green Bay on Sunday that San Francisco lost 38-10 . Coach Kyle Shanahan said Monday that Purdy made it through the session without pain and will rest on Tuesday and hopefully be able to return to practice on Wednesday as the Niners prepare to play at Buffalo this coming week. “We rested it throughout the weekend hoping that would help,” Shanahan said. “He threw lighter today to see if that rest helps and the rest did help him. So we’ll see again, going through the same things we did last week. We’re going to let him rest all the way up to Wednesday. We’ll see how it feels on Wednesday and then we’ll take the exact same course throughout the week. Hopefully it responds better this week than it did last week with the rest.” Brandon Allen went 17 for 29 for 199 yards with a touchdown, an interception and a lost fumble in his first start since the 2021 season. Allen would play once again if Purdy is unable to go on Sunday at Buffalo. Purdy wasn't the only star player missing for the 49ers on Sunday with defensive end Nick Bosa missing the game with injuries to his left hip and oblique and left tackle Trent Williams out with an ankle injury. “Just waiting to see how they respond,” Shanahan said. “They didn’t respond great last week. That’s why they weren’t able to go. Nick and Trent are both in the same boat. ... We’ll evaluate as this week progresses and hopefully it turns a better corner than it did last week.” In other injury news, linebacker Dre Greenlaw will return to practice this week for the first time since tearing his Achilles tendon in the Super Bowl last season. Greenlaw will likely need at least a couple of weeks of practice before being able to return to play. Offensive lineman Jon Feliciano will be shut down for the rest of the season after his knee injury didn't fully heal. Feliciano's three-week practice window ended Monday and the Niners decided to keep him on injured reserve instead of activating him. Left guard Aaron Banks, defensive tackle Jordan Elliott and receiver Jacob Cowing all remain in concussion protocol to start this week and their status is unknown. Right guard Dominick Puni (shoulder) and cornerback Deommodore Lenoir (knee) underwent MRIs on Monday and the team is waiting for results. Cornerback Renardo Green (neck) and linebacker Demetrius Flannigan-Fowles (knee) are day to day. Defensive tackle Kevin Givens is expected to return to practice this week after missing the past four games with a groin injury. AP NFL: https://apnews.com/hub/nfl
Aptiv PLC stock rises Friday, outperforms marketAn ex-Kansas detective accused of terrorizing women died in an apparent suicide as his trial began
VANCOUVER — A family of killer whales has made a rare trip into waters off downtown Vancouver for what an expert says was likely a "grocery shopping" hunt for harbour seals. Video shared on social media by False Creek Ferries shows the whales cruising past highrise towers at the entrance to False Creek on Sunday. Andrew Trites, director of the University of British Columbia's marine mammal research unit, has identified the whales as a family group of transient orcas consisting of a mother and her three offspring. He says it's the first time the 26-year-old mother, known as T35A, has shown up in downtown Vancouver with her offspring aged six, 11 and 14. Trites says the well documented family has previously been seen by marine researchers from Alaska to the Juan de Fuca Strait south of Vancouver Island. He attributes the pod's surprising downtown appearance to seals also changing their habits as they hide from orcas, forcing killer whales to hunt in backwater areas like False Creek. Trites says the video shows the whales moving quietly like "ghosts" to avoid alerting their prey. Killer whales have previously been spotted in False Creek, including in 2019, and in 2010 a grey whale swam all the way to the end of the inlet, near Science World. This report by The Canadian Press was first published Nov. 25, 2024. Nono Shen, The Canadian Press
MCL To Invest Rs 4.65 Crore To Establish 30 Startups In OdishaJack Henry & Associates Inc. stock remains steady Friday, underperforms market
Environment Secretary Steve Reed has been asked to review “incompetence” at the Met Office that led to a “clear underestimation” of the impact of Storm Bert. Labour MP for Cardiff West, Alex Barros-Curtis, said warnings should have been “amber or red”, as Mr Reed told MPs that more flooding is “likely”. Hundreds of homes were left under water, roads were turned into rivers and winds of more than 80mph were recorded across parts of the UK. More than 130 flood warnings and 160 alerts remained in place across the UK on Monday. In the Commons on Monday, Mr Barros-Curtis asked: “Can I ask that the Secretary of State speak to his Department for Science, Innovation and Technology (DSIT) colleagues to carefully look into the role of the Met Office here? “It is clear that their response was slow and that there was a clear underestimation of the impact of Storm Bert. “They put it yellow rather than amber or red. Our constituents have been let down by this incompetence before, and it cannot keep happening.” Mr Reed said: “In most parts of the countries that were affected, warnings were given with adequate time for people to prepare and I would encourage people to sign up on the Defra website, or the Environment Agency website for warnings and alerts if they live in an area that could be affected by flooding. “I’m aware of the particular concern that he mentions regarding the Met Office, and I will indeed be speaking to colleagues in DSIT as they review the circumstances of that and look at how the situation can be improved for future events of this kind.” During his update to the House, the Environment Secretary said that more flooding this week is “likely” but its impact “should be less severe” than has been seen. He said: “Around 28,000 properties are being protected by Environment Agency flood defences. “Unfortunately, an estimated 107 properties have flooded across England, principally from river and surface water flooding.” He added: “The Environment Agency and local responders have also been busy protecting properties elsewhere in England, including flooding from the River Teme in Tenbury Wells where around 40 properties have flooded. “The river has now peaked and local responders will be focusing on the lower reaches of rivers over the next few days.” He further stated: “Further flooding is sadly likely over the next few days as water levels rise in slower flowing rivers such as the Severn and the Ouse. “The Environment Agency anticipates that any impacts should be less severe than we have seen in recent days.” Mr Reed also described the flood defences they inherited from the previous government as being “in the worst condition on record following years of underinvestment”. He added: “Over 3,000 of our key flood defences are below an acceptable standard. “That is why we are investing £2.4 billion over the next two years to build and maintain flood defences.” Elsewhere in the session, Labour MP for Coventry South, Zarah Sultana, was among the MPs to call for a legal duty on fire services to respond to flooding. She said: “I want to express my solidarity and thanks to all of our emergency services, including firefighters on the front line. “Extreme weather events are on the rise and becoming ever more frequent due to climate change, highlighting the urgent need for proper funding and resources. “England is the only part of the UK without a statutory duty for flooding, leaving fire services underfunded and under-resourced to respond effectively. This must change, as the FBU (Fire Brigades Union) has long called for.” “When will the Government finally provide a statutory duty for Fire and Rescue authorities to respond to flooding incidents in England?” Mr Reed replied: “The fire and rescue authorities have the powers to intervene, but she’s quite right to point out there’s not a duty, and officials in my department, working with the Home Office, will review that to see that that remains appropriate.” Conservative MP for Mid Buckinghamshire Greg Smith said some communities in his constituency are flooding “for the first time in decades” as he accused the Government of wanting to “concrete over the countryside”. He said: “That is a result of some of the big infrastructure we are seeing being built, particularly HS2 where they will concrete over a field completely, it seems, unaware that that will have a knock-on effect to farmland next door. “So will the Secretary of State commit to working with the Transport Secretary (Louise Haigh) and I also suggest the Deputy Prime Minister (Angela Rayner) given their plans to concrete over the countryside to ensure that where construction takes place proper, and I really mean proper, flood mitigation measures are put into place.” Mr Reed replied: “This needs to operate across Government, and we will have those conversations and ensure that measures are put in place to support communities as much as is possible from the more severe weather events that we’re seeing as a result of climate change.”
KIM RICE There will be plenty of palace intrigue at the State House Wednesday with former House Speaker Pro Tem Kim Rice, R-Hudson, deciding to try and deny incumbent Rep. Sherman Packard, R-Londonderry, a third term as leader of the New Hampshire House of Representatives. Voters returned Rice, 58, to a seat in the House last month, this time representing both Hudson and Litchfield, after she voluntarily took a two-year hiatus from the Legislature. From 2014-22, Rice held one of the six seats that voters in Hudson and Pelham elected to the House. Rice had no public comment about her campaign. “I just don’t want this to play out in the press,” she said Monday. Rice did take to social media last week to fire back at some who’ve anonymously been critical of her bold challenge. “If people want to lie about me, have the courage to put your name next to your quote. You’re a coward,” Rice posted Nov. 30 on X. This move likely means the 400 elected to the House will get to choose for speaker between 17-term Rep. Packard, new House Democratic Leader Alexis Simpson of Exeter and Rice. Before that first meeting of the new House, Republicans and Democrats an hour earlier will separately caucus in private. The self-anointed campaign manager for Rice's effort, three-term Rep. Aidan Ankarberg, I-Rochester, has had plenty to say about the effort on social media. Ankarberg claimed on Facebook that he talked Rice into becoming the candidate after Packard won the nomination of his party over Rep. Leonard Turcotte, R-Barrington, who got more than 40% of the vote during a secret ballot GOP caucus last month. “Kim Rice isn't doing anything here. I recruited her, I've done the work of contacting the Democrats and I have been whipping votes amongst the Republican caucus to ensure Sherm Packard and (Majority Leader) Jason Osborne never again hold leadership positions in the New Hampshire House,” Ankarberg said on Facebook. In a statement Monday, Osborne said after growing the GOP majority last month that Packard has more than earned another term as House speaker. “Speaker Packard is the Republican nominee for Speaker. As a proven and tested leader of our diverse membership through many historic challenges, he has earned our commitment to secure his victory on Wednesday,” Osborne said. Rice has made no public invitation to win over House Democrats. Simpson, former House Democratic Leader Matt Wilhelm and the House Democratic staff did not respond to a request for comment Monday. Rice has long been a GOP loyalist, having served as House GOP policy leader and chairman of the House Children and Family Law Committee before Republicans took back control of the House in 2020. In this election cycle, Rice was an early supporter of Republican presidential contender and former South Carolina Gov. Nikki Haley and a fixture at many of Haley’s grassroots events. Early on in 2024, Rice got behind former U.S. Sen. Kelly Ayotte of Nashua to become the next elected governor, replacing Chris Sununu who did not seek a historic, fifth term. In March 2023, Ankarberg resigned a position in the House GOP leadership team citing conflicts with undisclosed members of Packard’s group. Then after winning a third term to his House seat on Nov. 5, Ankarberg became the first House member to change his party affiliation to independent. This leaves the House makeup with 221 Republicans, 178 Democrats and one independent. Rice, 58, will try to duplicate an outside-the-box feat that two Republicans did in their own speakership coup victories, 10 years apart. In 2004, then House Speaker Gene Chandler, R-Bartlett stepped aside and after pleading guilty to a single misdemeanor that he had failed to report $64,000 in donations to an annual “corn roast” fundraiser on his behalf. Chandler endorsed Majority Leader Mike Whalley, R-Alton, who had the majority of Republicans on his side. But former Speaker Doug Scamman, R-Stratham, returned to power with the help of Democrats and a small band of Republicans. In the next election, Republicans lost control of the House with Portsmouth Rep. Terie Norelli becoming the first Democratic speaker chosen in 84 years. In 2014, firebrand conservative Speaker Bill O’Brien, R-Mont Vernon, failed to win a majority vote before the full House. House Speaker Sherman Packard, R-Londonderry, was the choice of House Republicans to remain as its leader for a third term but former House Speaker Pro Tem Kim Rice, R-Hudson, has agreed to put her name forward as an alternative when the full House meets on Wednesday. House Democratic Leader Alexis Simpson of Exeter is also likely to permit her name to come forward as well though Republicans outnumber Democrats, 228-178 with one independent. Hudson Republican Rep. Shawn Jasper quickly stepped up and took the gavel from O’Brien by getting all the Democrats along with a group of dissident Republicans. In 2017, a GOP-divided House failed to pass a state budget, and Jasper lashed out at 32 House Republicans who rejected the leadership’s spending plan. Months later, Sununu nominated Jasper to be state agriculture commissioner, and the House chose Chandler to serve as a caretaker speaker until the next election when Democrats again took back control. Privately, there’s some resentment in Packard’s inner circle that this challenge is coming from Rice, who Packard had kept on as the third-ranking Republican. Rice did have one notable policy break with Packard in 2022. She refused to support a parental rights bill after the Attorney General’s office civil rights division raised concerns it could conflict with the state’s anti-discrimination laws. “There are a lot of great parents out there,” Rice said, declaring she could not reconcile the problems with the bill at such a late juncture. “Unfortunately, there are also some not-so-great parents out there and those are the kids that are the most vulnerable, and that I am deeply concerned about.” A week before this election, Rice said voters were turning to Republican women leaders who remained true to their values, but could forge consensus. “Ultimately, Republican women exemplify the balance between traditional values and modern leadership, unafraid to make difficult decisions that protect the nation’s core principles while advocating for progress within the bounds of conservative ideology,” Rice wrote in a Union Leader op-ed. klandrigan@unionleader.com5 Tech Gifts This Mom Influencer Says Are on Her List — and Should Be on Yours Too
AMESBURY, Mass. , Dec. 2, 2024 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (Nasdaq: PVBC ), the holding company for BankProv (the "Bank"), today announced that its Board of Directors has adopted a new stock repurchase program. Under the repurchase program, the Company may repurchase up to 883,366 shares of its common stock, or approximately five percent of the current outstanding shares. The repurchase program was adopted following the receipt of non-objection from the Federal Reserve Bank of Boston . The repurchase program permits shares to be repurchased in open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission. Repurchases will be made at management's discretion at prices management considers to be attractive and in the best interests of both the Company and its stockholders, subject to the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company's financial performance. Open market purchases will be conducted in accordance with the limitations set forth in Rule 10b -18 of the Securities and Exchange Commission and other applicable legal requirements. The repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The repurchase program does not obligate the Company to purchase any particular number of shares. About Provident Bancorp, Inc. Provident Bancorp, Inc. (NASDAQ: PVBC ) is the holding company for BankProv, a full-service commercial bank headquartered in Massachusetts . With retail branches in the Seacoast Region of Northeastern Massachusetts and New Hampshire , as well as commercial banking offices in the Manchester / Concord market in Central New Hampshire , BankProv delivers a unique combination of traditional banking services and innovative financial solutions to its markets. Founded in Amesbury, Massachusetts in 1828, BankProv holds the honor of being the 10th oldest bank in the nation. The Bank insures 100% of deposits through a combination of insurance provided by the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF). For more information, visit bankprov.com. Forward-Looking Statements This news release may contain certain forward-looking statements, such as statements of the Company's or the Bank's plans, objectives, expectations, estimates and intentions. Forward-looking statements may be identified by the use of words such as, "expects," "subject," "believe," "will," "intends," "may," "will be" or "would." These statements are subject to change based on various important factors (some of which are beyond the Company's or the Bank's control), and actual results may differ materially. Accordingly, readers should not place undue reliance on any forward-looking statements (which reflect management's analysis of factors only as of the date on which they are given). These factors include: general economic conditions; interest rates; inflation; levels of unemployment; legislative, regulatory and accounting changes; monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve Bank; deposit flows; our ability to access cost-effective funding; changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio; changes in consumer spending, borrowing and savings habits; competition; our ability to successfully shift the balance sheet to that of a traditional community bank; real estate values in the market area; loan demand; the adequacy of our level and methodology for calculating our allowance for credit losses; changes in the quality of our loan and securities portfolios; the ability of our borrowers to repay their loans; our ability to retain key employees; failures or breaches of our IT systems, including cyberattacks; the failure to maintain current technologies; the ability of the Company or the Bank to effectively manage its growth; global and national war and terrorism; the impact of the COVID-19 pandemic or any other pandemic on our operations and financial results and those of our customers; and results of regulatory examinations, among other factors. The foregoing list of important factors is not exclusive. Readers should carefully review the risk factors described in other documents that the Company files from time to time with the Securities and Exchange Commission, including Annual and Quarterly Reports on Forms 10-K and 10-Q, and Current Reports on Form 8-K. Investor contact: Joseph Reilly President and Chief Executive Officer Provident Bancorp, Inc. [email protected] SOURCE Provident Bancorp, Inc.