50 jili winning streak
50 jili winning streak
Total Revenues of $699.2M , up 13% Year Over Year Subscription Services Revenues of $580.9M , up 17% Year Over Year PLEASANTON, Calif. , Dec. 5, 2024 /PRNewswire/ -- Veeva Systems Inc. (NYSE: VEEV), a leading provider of industry cloud solutions for the global life sciences industry, today announced results for its third quarter ended October 31, 2024. "It was a great quarter of innovation and excellent execution across the board," said CEO Peter Gassner . "Especially significant was the hard work for the long term. We deepened a number of large, highly strategic relationships and are set to deliver the next generation of CRM this month with Vault CRM Suite to connect sales, marketing, and medical – a first for the industry." Fiscal 2025 Third Quarter Results: "We delivered results ahead of guidance on all metrics, reflecting our operational discipline and the durability of our model," said CFO Brian Van Wagener . "With a clear product strategy, focused execution, and large market opportunity we are well positioned for strong growth and profitability for many years to come." Recent Highlights: Financial Outlook: Veeva is providing guidance for its fiscal fourth quarter ending January 31, 2025 as follows: Veeva is providing updated guidance for its fiscal year ending January 31, 2025 as follows: Conference Call Information Prepared remarks and an investor presentation providing additional information and analysis can be found on Veeva's investor relations website at ir.veeva.com . Veeva will host a Q&A conference call at 2:00 p.m. PT today, December 5, 2024, and a replay of the call will be available on Veeva's investor relations website. What: Veeva Systems Fiscal 2025 Third Quarter Results Conference Call When: Thursday, December 5, 2024 Time: 2:00 p.m. PT (5:00 p.m. ET) Online Registration: https://registrations.events/direct/Q4I86021395 Webcast: ir.veeva.com ___________ (1) The customer contracting change that standardized termination for convenience (TFC) rights in our master subscription agreements resulted in a change in the timing of revenue for certain customer contracts and reduced revenues, operating income and non-GAAP operating income, and net income and non-GAAP net income in the third quarter of fiscal 2024. (2) This press release uses non-GAAP financial metrics that are adjusted for the impact of various GAAP items. See the section titled "Non-GAAP Financial Measures" and the tables entitled "Reconciliation of GAAP to Non-GAAP Financial Measures" below for details. (3) Veeva is not able, at this time, to provide GAAP targets for operating income and fully diluted net income per share for the fourth fiscal quarter ending January 31, 2025 or the fiscal year ending January 31, 2025 because of the difficulty of estimating certain items excluded from non-GAAP operating income and non-GAAP fully diluted net income per share that cannot be reasonably predicted, such as charges related to stock-based compensation expense. The effect of these excluded items may be significant. About Veeva Systems Veeva is the global leader in cloud software for the life sciences industry. Committed to innovation, product excellence, and customer success, Veeva serves more than 1,000 customers, ranging from the world's largest pharmaceutical companies to emerging biotechs. As a Public Benefit Corporation, Veeva is committed to balancing the interests of all stakeholders, including customers, employees, shareholders and the industries it serves. For more information, visit veeva.com . Veeva uses its ir.veeva.com website as a means of disclosing material non-public information, announcing upcoming investor conferences, and for complying with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website in addition to following our press releases, SEC filings, and public conference calls and webcasts. Forward-looking Statements This release contains forward-looking statements regarding Veeva's expected future performance and, in particular, includes quotes from management and guidance, provided as of December 5, 2024, about Veeva's expected future financial results. Estimating guidance accurately for future periods is difficult. It involves assumptions and internal estimates that may prove to be incorrect and is based on plans that may change. Hence, there is a significant risk that actual results could differ materially from the guidance we have provided in this release and we have no obligation to update such guidance. There are also numerous risks that have the potential to negatively impact our financial performance, including issues related to the performance, availability, security, or privacy of our products, competitive factors, customer decisions and priorities, events that impact the life sciences industry, general macroeconomic and geopolitical events (including inflationary pressures, changes in interest rates, currency exchange fluctuations and impacts related to Russia's invasion of Ukraine and the Israel-Hamas conflict), and issues that impact our ability to hire, retain and adequately compensate talented employees. We have summarized what we believe are the principal risks to our business in a section titled "Summary of Risk Factors" on pages 36 and 37 in our filing on Form 10-Q for the period ended July 31, 2024 which you can find here . Additional details on the risks and uncertainties that may impact our business can be found in the same filing on Form 10-Q and in our subsequent SEC filings, which you can access at sec.gov . We recommend that you familiarize yourself with these risks and uncertainties before making an investment decision. Investor Relations Contact: Media Contact: Gunnar Hansen Maria Scurry Veeva Systems Inc. Veeva Systems Inc. 267-460-5839 781-366-7617 ir@veeva.com pr@veeva.com VEEVA SYSTEMS INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited) October 31, 2024 January 31, 2024 Assets Current assets: Cash and cash equivalents $ 1,044,511 $ 703,487 Short-term investments 4,018,475 3,324,269 Accounts receivable, net 255,817 852,172 Unbilled accounts receivable 45,472 36,365 Prepaid expenses and other current assets 82,885 86,918 Total current assets 5,447,160 5,003,211 Property and equipment, net 55,695 58,532 Deferred costs, net 22,515 23,916 Lease right-of-use assets 60,325 45,602 Goodwill 439,877 439,877 Intangible assets, net 48,527 63,017 Deferred income taxes 322,652 233,463 Other long-term assets 56,102 43,302 Total assets $ 6,452,853 $ 5,910,920 Liabilities and stockholders ' equity Current liabilities: Accounts payable $ 31,845 $ 31,513 Accrued compensation and benefits 34,634 43,433 Accrued expenses and other current liabilities 30,906 32,980 Income tax payable 10,803 11,862 Deferred revenue 739,657 1,049,761 Lease liabilities 9,156 9,334 Total current liabilities 857,001 1,178,883 Deferred income taxes 475 2,052 Lease liabilities, noncurrent 62,545 46,441 Other long-term liabilities 31,429 38,720 Total liabilities 951,450 1,266,096 Stockholders' equity: Common stock 2 2 Additional paid-in capital 2,248,890 1,915,002 Accumulated other comprehensive loss (6,459) (10,637) Retained earnings 3,258,970 2,740,457 Total stockholders' equity 5,501,403 4,644,824 Total liabilities and stockholders ' equity $ 6,452,853 $ 5,910,920 VEEVA SYSTEMS INC. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In thousands, except per share data) (Unaudited) Three months ended October 31, Nine months ended October 31, 2024 2023 2024 2023 Revenues: Subscription services (4) $ 580,850 $ 494,912 $ 1,676,082 $ 1,380,095 Professional services and other (5) 118,357 121,593 349,651 352,960 Total revenues 699,207 616,505 2,025,733 1,733,055 Cost of revenues (6) : Cost of subscription services 82,638 74,435 239,577 213,179 Cost of professional services and other 91,751 93,247 279,068 290,184 Total cost of revenues 174,389 167,682 518,645 503,363 Gross profit 524,818 448,823 1,507,088 1,229,692 Operating expenses (6) : Research and development 172,411 161,278 511,551 465,466 Sales and marketing 98,695 96,773 297,524 282,269 General and administrative 72,359 62,283 195,001 187,887 Total operating expenses 343,465 320,334 1,004,076 935,622 Operating income 181,353 128,489 503,012 294,070 Other income, net 60,937 42,187 171,239 111,260 Income before income taxes 242,290 170,676 674,251 405,330 Income tax provision 56,482 35,518 155,738 27,023 Net income $ 185,808 $ 135,158 $ 518,513 $ 378,307 Net income per share: Basic $ 1.15 $ 0.84 $ 3.21 $ 2.36 Diluted $ 1.13 $ 0.83 $ 3.15 $ 2.32 Weighted-average shares used to compute net income per share: Basic 161,987 160,768 161,707 160,344 Diluted 164,979 163,761 164,838 163,129 Other comprehensive income: Net change in unrealized (loss) gain on available-for-sale investments $ (738) $ (2,637) $ 5,576 $ (6,100) Net change in cumulative foreign currency translation loss (146) (518) (1,398) (309) Comprehensive income $ 184,924 $ 132,003 $ 522,691 $ 371,898 (4) Includes subscription services revenues from the following product areas: Veeva Commercial Solutions $ 278,377 $ 251,167 $ 811,503 $ 733,921 Veeva R&D Solutions 302,473 243,745 864,579 646,174 Total subscription services $ 580,850 $ 494,912 $ 1,676,082 $ 1,380,095 (5) Includes professional services and other revenues from the following product areas: Veeva Commercial Solutions $ 45,855 $ 47,899 $ 139,695 $ 140,082 Veeva R&D Solutions 72,502 73,694 209,956 212,878 Total professional services and other $ 118,357 $ 121,593 $ 349,651 $ 352,960 (6) Includes stock-based compensation as follows:This partnership brings together Panaya's robust AI-powered Smart Testing platform and Tritusa's rich testing expertise to deliver superior testing outcomes for Australian enterprises HACKENSACK, N.J. , Dec. 3, 2024 /PRNewswire/ -- Panaya , the leader in SaaS-based AI-Powered Smart Testing and Change Intelligence for ERP, CRM, and Enterprise Cloud Applications, announces today a new partnership with Tritusa, an Australian company specializing in SAP Testing and Quality Assurance. This collaboration aims to provide Australian enterprises with enhanced SAP testing capabilities, including Test Automation, to ensure seamless, efficient and risk-free SAP implementations. As businesses in Australia increasingly adopt SAP S/4HANA, the need for robust testing solutions has never been greater. Panaya and Tritusa are combining their strengths to meet this demand. Panaya's cutting-edge AI-powered solutions, paired with Tritusa's comprehensive SAP testing services – including Test Management & Governance, Test Assurance, Functional Testing, Test Automation, and Performance Testing – offer a powerful, 360-degree, suite of solutions for organizations looking to optimize their SAP testing processes. This partnership allows businesses to leverage Tritusa's local expertise and Panaya's innovative technology to improve test quality, test environment readiness, and overall test effectiveness. Organizations can now accelerate their SAP projects with confidence, ensuring high-quality outcomes and minimal disruption to their operations. Shabi Levi , Head of Global Channels and Alliances at Panaya , shared his appreciation for the collaboration: "We are very pleased to partner with Tritusa to bring our AI-driven testing solutions to the Australian market. Tritusa's deep understanding of SAP testing and their commitment to quality make them an ideal partner. Together, we will empower Australian businesses to achieve faster, more reliable SAP transformations." Jag Sothivel, Technical Director at Tritusa , also highlighted the value of the partnership: "Partnering with Panaya allows us to offer our clients state-of-the-art testing solutions that go beyond traditional approaches. Panaya's technology perfectly complements our testing services, and we look forward to delivering outstanding results for our customers." About Tritusa Tritusa is an Australian company, specializing in SAP Testing and Quality Assurance. They focus on a comprehensive array of SAP Testing & Assurance services, including Test Management & Governance, Test Assurance, Functional Testing, Test Automation and Performance Testing & Engineering. They go beyond traditional SAP testing approaches and assist their customers to improve their test data quality, test environment quality, and test user quality, ensuring seamless testing outcomes. About Panaya Panaya, a SaaS-based company certified by SAP, Oracle, and Salesforce.com, offers an all-in-one platform for Smart Testing solutions and Change Intelligence tailored for ERP, CRM, and cloud business applications. Panaya accelerates and de-risks digital landscapes with AI-powered Test Automation, Test Management, and Impact Analysis. Panaya's focus on ease of use and an intuitive interface ensures seamless collaboration between business and IT, empowering business users and IT professionals to gain real-time visibility and control over their projects. This capability enables faster releases and continuous delivery of high-quality software. Since its founding in 2006, over 3,000 companies across 62 countries, including a third of the Fortune 500, have trusted Panaya to drive rapid, quality testing and change management in their enterprise business applications. For more information, contact Panaya at marketing@panaya.com or visit www.panaya.com . For media inquiries, contact Dana Averbouch, daverbouch@panaya.com . Logo - https://mma.prnewswire.com/media/1636386/3844879/panaya_Logo.jpgBigg Boss Season 13 contender and Indian actress Himanshi Khurana has revealed that Saba Qamar is her favourite actor. Holding a question answer session on Instagram, the Indian actor expressed her love for Saba Qamar and said, “Saba Qamar is my most favourite Pakistani actress without doubt.” Actress Saba Qamar started her career in 2004 and never looked back after entering the world of acting. Himanshi Khurrana’s name made headlines last year after breakup with Asim Riaz, citing religion as the reason for this decision that she is sacrificing love for religion. Recently, Himanshi Khurrana held a question and answer session on the photo and video sharing app Instagram to chat with its users. During a question and answer session, someone mocked Himanshi Khurana for losing weight, while someone questioned her professional and personal qualities. A user wrote, “Tell me the name of any most favourite Pakistani actress or actor”. Himanshi Khurana wasted no time and said Saba Qamar was her favourite actress. Users seem to be appreciating the love between artists across the borders, while expressing their love for each other also becomes a source of social media buzz.
Argan, Inc. Reports Third Quarter Fiscal 2025 ResultsAutomotive Climate Control Systems Market to Hit $27.3 Billion Globally by 2032, Booming at 12.8% CAGR 11-25-2024 07:15 PM CET | Advertising, Media Consulting, Marketing Research Press release from: Allied Market Research Allied Market Research published a report, titled, "Automotive Climate Control Systems Market by Technology (Automatic and Manual), Vehicle Type (Passenger Vehicle, Commercial Vehicle, and Electric Vehicle), and Distribution (OEM and Aftermarket), by Component (Control and Sensor, Compressor, Condensor, HVAC, Evaporator, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the automotive climate control systems market was valued at $8.4 billion in 2022 and is estimated to reach $27.3 billion by 2032, growing at a CAGR of 12.8% from 2023 to 2032. 🔰 Download Sample Pages - https://www.alliedmarketresearch.com/request-sample/A134914 Automotive climate control systems industry are becoming more popular due to consumer desires for increased comfort and convenience. The need for improved cabin comfort is being met by features like automated temperature management, dual zone/multi-zone settings, and customizable airflow distribution. Furthermore, rise in regulatory pressure to lower car emissions and boost energy economy encourages automakers to spend more on environment friendly and efficient HVAC systems. Achieving compliance with emissions targets and environmental regulations is largely dependent on climate control systems. Demand for specialized automotive climate control systems market growth designed for electrified drivetrains is increased by the move toward electric and hybrid vehicles. While maintaining battery life and maximizing vehicle range, effective thermal management systems guarantee passenger comfort. In addition, the integration of cutting-edge HVAC solutions in contemporary automobiles is made possible by the quick advances in sensor technology, connection, and smart features. The convenience and user experience are improved by connected automobile technology, which make it possible to access and modify climate settings remotely. Furthermore, the need for enhanced air filtration and purification features in climate control systems is driven by the growing awareness of indoor air pollution and allergies. Features that enhance passenger health and well-being in the cabin appeal to consumers who are health conscious. The evolution of autonomous driving technology has an impact on HVAC design in order to adapt to shifting vehicle usage patterns. Automatic HVAC systems adjust airflow and energy consumption according on traffic patterns and passenger count. Furthermore, regional variables including changes in the temperature, the development of infrastructure, and consumer preferences all have an impact on market expansion. Due to increased car ownership and urbanization, emerging economies in Latin America and Asia-Pacific offer potential for market growth. Moreover, innovation in temperature control systems is fostered through collaboration between automakers, suppliers, and technology providers. In order to fulfill changing market expectations, research and development activities are concentrated on enhancing system efficiency, lowering complexity, and integrating new features. The automatic segment to maintain its leadership status throughout the forecast period On the basis of technology, the automatic segment held the highest market share in 2022, accounting for more than two-thirds of the global automotive climate control system market revenue. This is attributed to automatic climate control systems offering unparalleled convenience and ease of use for vehicle occupants. Instead of manually adjusting temperature settings, users can set their desired cabin temperature, and the system automatically maintains this temperature by adjusting fan speed, air distribution, and heating/cooling settings as needed. This hands-free operation enhances user experience, especially during long drives or in changing weather conditions. However, the manual segment is projected to manifest the fastest CAGR of 14.8% from 2023 to 2032, This is attributed to the fact that the cost of manufacturing and installing manual climate control systems is lower than that of automatic systems. Automakers may choose manual controls to keep overall vehicle prices cheaper in price-sensitive countries or vehicle categories, appealing to purchasers on a tight budget. 🔰 Procure Complete Research Report Now: https://www.alliedmarketresearch.com/automotive-climate-control-systems-market/purchase-options The passenger vehicle segment to maintain its leadership status throughout the forecast period. On the basis of vehicle type, the passenger vehicle segment held the highest market share in 2022, accounting for more than half of the global automotive climate control system market revenue. This was due to passenger comfort and convenience being given the most importance in the design of passenger vehicles, which include automobiles, SUVs, and luxury cars. With the ability to customize comfort settings, maintain ideal cabin temperatures, and reduce driver and passenger fatigue on lengthy trips, automotive climate control systems are essential to improving the entire driving experience. However, the electric vehicle segment is projected to manifest the fastest CAGR of 13.2% from 2023 to 2032. This was attributed to electric vehicles being inherently more energy-efficient than traditional internal combustion engine vehicles. This efficiency extends to climate control systems, where electric vehicles require less energy to heat or cool the cabin as compared to their fossil fuel counterparts. As a result, climate control systems in EVs can operate more efficiently, contributing to extended battery range and improved overall efficiency. The aftermarket segment to maintain its leadership status throughout the forecast period On the basis of distribution, the aftermarket segment held the highest market share in 2022, accounting for more than two-thirds of the global automotive climate control system market revenue. This was due to vehicles' age and their original climate control systems may become less efficient or malfunction, leading to a need for replacement. The aftermarket segment benefits from this demand for replacement parts as vehicle owners seek to restore or upgrade their climate control systems to maintain comfort and functionality. However, the OEM segment is projected to manifest the fastest CAGR of 17.3% from 2023 to 2032. This is attributed to OEMs integrating climate control systems directly into new vehicles during the manufacturing process. As the automotive industry experiences growth in new vehicle sales, the OEM segment naturally benefits from the inclusion of climate control systems in these vehicles. This direct integration ensures that OEMs capture a significant portion of the market share for climate control systems. The compressor segment to maintain its leadership status throughout the forecast period On the basis of component, the compressor segment held the highest market share in 2022, accounting for more than one-fifth of the global automotive climate control system market revenue and is estimated to maintain its leadership status throughout the forecast period. This was due to the compressor being a critical component of automotive air conditioning systems, responsible for compressing and circulating refrigerant throughout the system. It plays a central role in cooling the air inside the vehicle cabin during hot weather, making it an indispensable part of climate control systems. However, the condenser segment is projected to manifest the fastest CAGR of 16.3% from 2023 to 2032. This is attributed to condensers playing a crucial role in the refrigeration cycle of automotive air conditioning systems. They are responsible for cooling and condensing the high-pressure, high-temperature refrigerant vapor into a liquid state, which is then circulated back to the evaporator to absorb heat from the vehicle cabin. This essential functionality ensures that condensers are integral components of all automotive air conditioning systems. North America to maintain its dominance by 2032 On the basis of region, North America held the highest market share in terms of revenue in 2022, accounting for more than one-third of the global automotive climate control system market revenue. This is attributed to the automotive manufacturing industry in North America being strong, with top automakers creating a wide variety of cars with cutting-edge temperature control systems. The widespread adoption and integration of temperature control systems across vehicle models is facilitated by the presence of significant automotive OEMs (Original Equipment Manufacturers) and component suppliers. However, Asia-Pacific is expected to witness the fastest CAGR of 15.9% from 2023 to 2032. This growth is attributed to China, Japan, India, and South Korea being among the largest automobile markets in the world, and all located in the Asia-Pacific region. The demand for advanced temperature control systems in passenger cars, commercial vehicles, and electric vehicles (EVs) has increased due to the automotive industries' explosive rise in these nations. 🔰 Interested to Procure the Research Report? Inquire Before Buying - https://www.alliedmarketresearch.com/purchase-enquiry/A134914 Leading Market Players: - DENSO CORPORATION Hanon Systems Hitachi Astemo Indiana, Inc. Johnson Electric Holdings Limited MAHLE GmbH Marelli Corporation Mitsubishi Heavy Industries, Ltd. OMEGA Environmental Technologies Sanden Corporation Sensata Technologies, Inc. The report provides a detailed analysis of these key players in the global automotive climate control system market. These players have adopted different strategies such as expansion and product launch to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 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Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. 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Quick Facts About Kelly Loeffler: Age, Net Worth, Family And Insider Trading ScandalAnother week, another excruciating loss under head coach Matt Eberflus. This time, they overcame a two-score deficit with under two minutes to go to force overtime against the Minnesota Vikings, only to run out of gas and lose on a walk-off field goal 30-27. At least it was entertaining, though. The Bears did their best to fight their way back after scoring just three points in the second and third quarters. Quarterback Caleb Williams continued to operate the offense effectively with offensive coordinator Thomas Brown, having arguably the best game of his career. Unfortunately, Chicago's defense allowed Minnesota to drive the ball up and down the field, allowing long third-down conversions and failing to limit big plays in both the run and pass game. That was the deciding factor as the Vikings methodically drove all the way down the field for their game-winning field goal in overtime. At 4-7, the season is effectively over, which means the development of Williams and the other young core players is the primary objective moving forward. There continue to be bright spots, but the team is held back by Eberflus, who looks to be a dead man walking with six games remaining. Here are our takeaways from Sunday's loss: Through nearly three seasons, we are all aware of Eberflus' shortcomings as a head coach. He's not effective with challenges, there were more communication issues on the field, there have been special teams gaffes, and he's far too conservative in situations that scream for him to be aggressive. His one saving grace, however, has been that he calls a good defensive gameplan. That's out the window now after the Vikings methodically torched the Bears defense, getting out of third and long situations to move the chains all day long. This also comes just one week after the Packers marched down the field late in the game to turn the tides. If he can't do the job he once excelled at, then what else does he offer at this point? It feels like we're slowly, but surely, seeing the end of the Eberflus era. There are some who believe a coaching chance will come on Black Friday instead of the usual Black Monday after each NFL season. One can argue there's reason to keep him through the end of the year if the defense at least plays up to par. That's not happening anymore, and we have already seen one coaching move ignite this team. Eberflus has reached the point where you can't point to anything he does well, meaning his time has finally come. Coming into this game, it was clear that if the Bears were to have a chance, they would need Williams to shine. The Vikings had the best rush defense in the league, meaning the pass game was the only way to consistently attack their unit. Williams certainly did that and then some. The rookie had arguably his best game as a pro, completing 32 of 47 passes for 340 yards, two touchdowns, and no turnovers. He also compiled a passer rating of 103.4, the third-highest rating Minnesota has allowed all year. Williams needed to be Superman—his offensive coordinator even told him as much. He put the team on his back when they needed him the most and led two very improbable scoring drives with under two minutes left. He went 6-of-9 for 67 yards and a touchdown with a passer rating of 125.7. That's two games in a row he stepped up in crunch time, something previous Bears quarterbacks had problems doing. Williams had plenty of great moments, but it's the resolve to keep fighting and delivering when his back is against the wall that has me very excited. With Thomas Brown calling plays, he's back on the upward trajectory. This hasn't been the season many people envisioned for Keenan Allen, but the veteran still knows how to torch the Vikings defense. Allen had the best game of his illustrious career last year when he caught 18 passes for 215 yards against the Vikings. While he didn't get close to those totals, he still had his best game of the season against Minnesota, catching eight passes for 86 yards and a touchdown. He could have had a bigger day, too, had he not gotten his toe on the sideline after making a spectacular catch (more on that in a bit). Allen has clearly lost a step, but he seems to thrive when facing this chaotic defense. He's a valuable safety valve for Williams and made some big plays downfield that we simply haven't seen all year. Maybe he'll get two good games in a row as he's facing a Lions defense he had 175 yards against last year. It's been over four years since the Bears had a running back who could be a legitimate threat to catch passes out of the backfield. D'Andre Swift finally gave the team one once again. The veteran back has been invaluable to the offense this season, even after a rough beginning to the year, but he really shows up with some of his plays as a receiver. That was definitely the case on Sunday when he and Williams hooked up for one of the biggest plays of the day. Williams was flushed out to his right with Swift running with him. Running out of room, Swift made the heads-up play to turn upfield, where Williams launched an off-balance pass that hit the back right in the hands. Swift was able to track the ball, check the defender in front of him, and relocate the ball in the air before bringing it in, something that isn't easy to do for any player. The 30-yard play led to the first touchdown of the game. I wasn't impressed with how Eberflus coordinated this defense for much of the day, but the players need to be accountable as well, and it's clear this team is missing two significant leaders who have been out for quite some time. Defensive tackle Andrew Billings and safety Jaquan Brisker are two important members of this defense, and the void they have left due to their injuries is palpable. Brisker has been out for nearly two months with a concussion, while Billings tore his pectoral muscle a few weeks ago. Since Billings went out, the front four hasn't been the same. The pressure isn't there; Gervon Dexter has come back down to earth, and the run defense has gotten worse than it already was as Aaron Jones eclipsed 100 rushing yards for the Vikings. That also creates more pressure on the secondary, which has been worse without Brisker. He's a vocal leader and had something good going with Kevin Byard at the safety position. Now, backups like Elijah Hicks and Jonathan Owens are left to pick up the slack. These two players mean a lot to the defense, which hasn't been the same since they've been out. It's likely not going to get better without them, meaning we've seen the best this unit has to offer this year. Everyone is pointing to the fourth quarter and overtime decisions that impacted this game, but this one turned on its head in the first half following a big play to Allen. The veteran receiver caught a spectacular pass down the sideline from Williams that was originally ruled a catch. The offense did their best to run up to the field, but Vikings coach Kevin O'Connell quickly threw the challenge flag. Allen's toe barely hit out of bounds, and that call was reversed. Instead of having a first down at the six-yard line, the Bears settled for a 48-yard field goal attempt that was blocked, which led to another Vikings touchdown to make it 14-7. The Bears could have taken a touchdown lead but instead never led again. It's unfortunate since it was a great play by the quarterback and receiver that didn't result in any points. Just remember that play when dissecting the game because the Bears scored just three points from that point on until the final three drives. Did we all collectively find out that the sideline camera used at various NFL stadiums cannot be used for coaches challenges during the Bears game on Sunday? Following the failed challenge on Jordan Addison's catch and run, NFL on FOX's rules analyst Mike Pereira said sideline cameras are unable to be used to challenge plays because not every stadium has them. Mike Pereira explains why officials couldn't use the boundary cam on a review. "If a coach is challenged, you cannot use the boundary cam. There's not boundary cams in every stadium so there's a question of equity." — Awful Announcing (@awfulannouncing) This is just a general takeaway unrelated to the game, but in an era where we have more angles than ever to review plays and legalized gambling is so prevalent, why would the NFL not take every advantage to get calls right by using the resources available? And why aren't they in every stadium? Soldier Field is archaic when it comes to NFL stadiums; surely everyone else can include them. The league owes it to everyone to make sure the calls are correct, and not using all of the equipment feels like a big failure.Boy struck by drone at Florida holiday show remains in intensive care, mother says
Stock indexes closed mixed on Wall Street at the end of a rare bumpy week. The S&P 500 ended little changed Friday. The benchmark index reached its latest in a string of records a week ago. It lost ground for the week following three weeks of gains. The Dow Jones Industrial Average slipped 0.2%. The Nasdaq composite edged up 0.1%. Broadcom surged after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products. RH, formerly known as Restoration Hardware, surged after raising its revenue forecast. Treasury yields rose in the bond market. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Stocks slipped in afternoon trading Friday as Wall Street closes out a rare bumpy week. The S&P 500 was up by less than 0.1% and is on track for a loss for the week after three straight weekly gains. The Dow Jones Industrial Average fell 58 points, or 0.1% to 43,856 as of 3 p.m. Eastern time. The Nasdaq rose 0.1% and is hovering around its record. Broadcom surged 24.9% for the biggest gain in the S&P 500 after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products. The company also raised its dividend. The company's big gain helped cushion the market's broader fall. Pricey stock values for technology companies like Broadcom give the sector more weight in pushing the market higher or lower. Artificial intelligence technology has been a focal point for the technology sector and the overall stock market over the last year. Tech companies, and Wall Street, expect demand for AI to continue driving growth for semiconductor and other technology companies. Even so, some big tech stocks were in the red Friday. Nvidia slid 2.6%, Meta Platforms dropped 1.7% and Netflix was down 0.7%. Furniture and housewares company RH, formerly known as Restoration Hardware, surged 14.2% after raising its forecast for revenue growth for the year. Wall Street's rally stalled this week amid mixed economic reports and ahead of the Federal Reserve's last meeting of the year. The central bank will meet next week and is widely expected to cut interest rates for a third time since September. Expectations of a series of rate cuts has driven the S&P 500 to 57 all-time highs so far this year . The Fed has been lowering its benchmark interest rate following an aggressive rate hiking policy that was meant to tame inflation. It raised rates from near-zero in early 2022 to a two-decade high by the middle of 2023. Inflation eased under pressure from higher interest rates, nearly to the central bank's 2% target. The economy, including consumer spending and employment, held strong despite the squeeze from inflation and high borrowing costs. A slowing job market, though, has helped push a long-awaited reversal of the Fed's policy. Inflation rates have been warming up slightly over the last few months. A report on consumer prices this week showed an increase to 2.7% in November from 2.6% in October. The Fed's preferred measure of inflation, the personal consumption expenditures index, will be released next week. Wall Street expects it to show a 2.5% rise in November, up from 2.3% in October. The economy, though, remains solid heading into 2025 as consumers continue spending and employment remains healthy, said Gregory Daco, chief economist at EY. “Still, the outlook is clouded by unusually high uncertainty surrounding regulatory, immigration, trade and tax policy,” he said. Treasury yields edged higher. The yield on the 10-year Treasury rose to 4.40% from 4.34% late Thursday. European markets slipped. Britain's FTSE 100 fell 0.1%. Britain’s economy unexpectedly shrank by 0.1% month-on-month in October, following a 0.1% decline in September, according to data from the Office for National Statistics. Asian markets closed mostly lower.All Wright scores 26 and Valparaiso earns 93-77 win over Central Michigan
Cardinals are average through 12 games and the frustration is it feels as if they could be betterFirst National Bank (FNB) has announced that it will no longer accept traditional swipe payments at toll gates in South Africa. The move is part of a wider effort to enhance security and improve the efficiency of toll payments, especially during the busy festive season when travel peaks. In an email to customers, FNB said: “We would like to inform you of an important upcoming change to the toll gate payment system across South Africa, effective 1 December 2024. As part of efforts to enhance security and streamline payment processes, South African toll gates will begin migrating from traditional magstripe (swipe) payments to contactless tap functionality.” Instead of swiping a card at the toll booths, drivers will now need to use contactless-enabled cards or devices, including debit or credit cards that are EMV (Europay, Mastercard, Visa) compliant, smartphones, smartwatches, and wearables like Garmin, Fitbit, Samsung, and Apple. The change is set to affect major toll routes in South Africa, including the N3 route between Johannesburg and Durban, the N4 route from Pretoria to Komatipoort, and Chapman's Peak and surrounding areas in Cape Town. Foreign-issued cards will also be accepted at toll plazas, making it easier for international travellers to use the system and for those who do not yet have contactless-enabled cards or devices, cash payments or Sanral tags will still be accepted. This shift to contactless payments has been in the works for more than a year. In November 2023, FNB partnered Visa and N3 Toll Concession (N3TC) to introduce the tap payment system as a faster, more secure alternative to swiping or inserting cards at toll booths. The system aims to reduce the time motorists spend at toll plazas, which is particularly beneficial during the busy holiday season, while also combating fraud and nonpayment. “Contactless payments provide a higher level of security as they use short-range wireless communication technology, which is less vulnerable to fraud than traditional 'contact' driven payment methods,” said FNB. FNB transact pillar CEO Daniel Kaan commented on the progress: “Over 80 lanes are ready to be switched on from August to December 2024 on the N3TC route between Gauteng and KwaZulu-Natal. An additional 81 lanes have the tap payment terminals installed along the N4 route between Pretoria and Mozambique.” TimesLIVEMatildas stars through to Champions League quarters after tight City, Arsenal victories
On Christmas Eve, Nicaraguan dictator Daniel Ortega sent his National Assembly a proposed Law on the Administration of the Monetary and Financial System that will overhaul how the Central Bank of Nicaragua (BCN) and the Superintendency of Banks and Other Financial Institutions (Siboif) operate. When this law comes into effect, both entities will be overseen by a common board of directors chaired by the BCN president, “superminister” Ovidio Reyes. Since early last year, Reyes has exercised de facto control over the Ministry of Finance and Public Credit, particularly after the ousting of its former minister, Ivan Acosta. The appointment of Bruno Gallardo as head of the Finance Ministry appeared to be a mere legal formality, as it was Reyes—not Gallardo—who presented the 2025 National Budget. An analyst familiar with the country’s political and economic situation told Confidencial anonymously that this law increases Reyes’s already extensive “supercontrol.” The analyst argued, “He is practically the second most powerful person in the country, given the authority and control he holds over fiscal and monetary policy.” From exile, a private businessman experienced in financial regulation commented that another purpose of this law is to intimidate the population by showcasing the regime’s repressive power. The text also threatens top executives of financial institutions who could now be removed at the discretion of the new all-powerful entity. Get the most prominent news about Nicaragua, every Wednesday, directly to your inbox. A financial law expert pointed out an additional aim of the proposed law: to control the flow of capital both in and out of the country. Faced with some businesspeople moving their assets abroad, the regime seeks to “prevent capital flight, keep assets within the country, and identify those who are transferring funds out of Nicaragua,” the expert explained. Legal and De Facto Repression The proposed law submitted to the legislature politicizes financial regulations to consolidate the dictatorship’s power, using these laws to gather information on individuals it perceives as enemies, the private businessman remarked. According to him, “The initiative aims—like other laws they have imposed—to instill fear in the population and demonstrate their power through repression. This is evident in Article 137, ‘Support from Law Enforcement,’ which allows the Superintendency to utilize the police in cases where individuals or entities resist providing requested information.” Article 137 states: “The Superintendency may request assistance from law enforcement if it encounters obstacles or resistance in fulfilling its supervisory, inspection, and monitoring functions. Law enforcement must provide all necessary support to the Superintendency, without prejudice to the legal responsibilities of violators.” A financial law expert argued, “The Superintendency doesn’t need this new authority. It can already declare an intervention to take control of institutions without involving law enforcement. This provision is unnecessary and excessive.” End of Banking Secrecy The businessman also noted that Article 24, “Obligation to Provide Information,” grants unlimited and arbitrary power to authorities, effectively abolishing private financial information. Individuals and entities are now required to provide information not only to the Central Bank or Superintendency but also to any entities or persons they designate. He criticized the broad demands for any type of information within discretionary timelines and formats, arguing, “This goes beyond regulatory norms. It includes economic, financial, and statistical data without clear limits, undermining the right to private information and threatening banking secrecy for individuals and companies.” Regarding Article 138, “Nullification of Appointments,” he observed that it grants discretionary power to remove directors, general managers, executives, and internal auditors of supervised financial institutions for reasons determined solely by the Superintendency. The expert emphasized, “The current law already allows for the dismissal of those who fail to meet legal requirements or commit irregularities. But this proposal introduces vague criteria like ‘reasons determined by the Superintendency,’ which could apply to entire boards, managers, executives, and employees.” Private Banks Left Defenseless The financial law expert stressed that “the regime seeks total control over every sector and economic space in the country,” particularly entities handling cross-border capital flows, such as exporters, importers, and bankers. This drive for control has intensified since 2018, following a massive flight of capital from Nicaragua. “In today’s world, the main source of financing for businesses, farmers, and any economic sector is the savings deposited in the financial system. But when a large amount of capital exits an economy, the transferring country loses its capacity to fund productive activities,” the expert explained. In Nicaragua’s case, productive actors fear losing their money and send it abroad. As a result, the regime created this infrastructure with extensive control powers to monitor who is moving capital out of the country, he added. The new law threatens public force to obtain information and conduct on-site inspections. The expert concluded that this superstructure “places banks in a highly vulnerable position regarding correspondent banking relationships and international operations.” Moreover, it removes banks’ independence as commercial entities. “Banks can no longer make decisions that contradict the regime, as this could justify intervention. Now, liquidating a bank requires only an administrative resolution, with no legal recourse.” This article was published in Spanish in Confidencial and translated by Havana Times. To get the most relevant news from our English coverage delivered straight to your inbox, subscribe to The Dispatc h.
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DALLAS, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded residential homebuilder, today announced the commencement of an underwritten public offering of 5,043,480 shares of its common stock to be offered by selling stockholders of the Company (collectively, the “Offering”). The selling stockholders also expect to grant the underwriters a 30-day option to purchase up to an additional 756,520 shares of common stock. The Company is not selling any shares of common stock in the proposed Offering. The proposed Offering is subject to market and other 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. B. Riley Securities is acting as sole bookrunning manager for the proposed Offering. Wedbush Securities and Zions Capital Markets are acting as co-managers for the proposed Offering. A shelf registration statement on Form S-3 relating to the securities being sold in the proposed Offering has been filed with and declared effective by the U.S. Securities and Exchange Commission (the “SEC”), and is available on the SEC’s website located at www.sec.gov. The proposed Offering will be made only by means of a prospectus supplement and accompanying prospectus that forms part of the registration statement, copies of which may be obtained, when available, by request from: B. Riley Securities, Inc. at 1300 17th Street North, Suite 1300, Arlington, VA 22209, by telephone at 1-703-312-9580 or by e-mail at prospectuses@brileyfin.com. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Landsea Homes Corporation Landsea Homes Corporation (Nasdaq: LSEA) is a publicly traded residential homebuilder based in Dallas, Texas that designs and builds best-in-class homes and sustainable master-planned communities in some of the nation's most desirable markets. The company has developed homes and communities in New York, Boston, New Jersey, Arizona, Colorado, Florida, Texas and throughout California in Silicon Valley, Los Angeles, and Orange County. Landsea Homes was honored as the Green Home Builder 2023 Builder of the Year, after being named the 2022 winner of the prestigious Builder of the Year award, presented by BUILDER magazine, in recognition of a historical year of transformation. Forward-Looking Statements This press release contains forward-looking statements. All statements other than statements of historical facts contained herein, including without limitation, statements regarding the expected completion, timing and size of the proposed Offering and the option granted to the underwriters by the selling stockholders to purchase additional shares, are forward-looking statements reflecting the current beliefs and expectations of Landsea Homes’ management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. No assurance can be given that the proposed Offering discussed above will be completed on the terms described, or at all. Forward-looking statements represent Landsea Homes’ current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially and adversely from those expressed or implied by the forward-looking statements. Among those risks and uncertainties are market conditions, including market interest rates, the trading price and volatility of Landsea Homes’ common stock, and risks relating to Landsea Homes’ business, including those risks and uncertainties described in periodic reports that Landsea Homes files from time to time with the SEC, as well as the preliminary prospectus supplement relating to the proposed Offering filed with the SEC. The forward-looking statements included in this press release speak only as of the date of this press release, and Landsea Homes does not undertake to update the statements included in this press release for subsequent developments, except as may be required by law. Contact Information: Investor Relations: Drew Mackintosh, CFA Mackintosh Investor Relations, LLC drew@mackintoshir.com (310) 924-9036 Media: Annie Noebel Cornerstone Communications anoebel@cornerstonecomms.com (949) 449-2527
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ANN ARBOR, Mich. (AP) — Michigan's defense of the national championship has fallen woefully short. Read this article for free: Already have an account? To continue reading, please subscribe: * ANN ARBOR, Mich. (AP) — Michigan's defense of the national championship has fallen woefully short. Read unlimited articles for free today: Already have an account? ANN ARBOR, Mich. (AP) — Michigan’s defense of the national championship has fallen woefully short. The Wolverines started the season ranked No. 9 in the AP Top 25, making them the third college football team since 1991 to be ranked worse than seventh in the preseason poll after winning a national title. Michigan (6-5, 4-4 Big Ten) failed to meet those modest expectations, barely becoming eligible to play in a bowl and putting the program in danger of losing six or seven games for the first time since the Brady Hoke era ended a decade ago. The Wolverines potentially can ease some of the pain with a win against rival and second-ranked Ohio State (10-1, 7-1, No. 2 CFP) on Saturday in the Horseshoe, but that would be a stunning upset. Ohio State is a 21 1/2-point favorite, according to the BetMGM Sportsbook, and that marks just the third time this century that there has been a spread of at least 20 1/2 points in what is known as “The Game.” Michigan coach Sherrone Moore doesn’t sound like someone who is motivating players with an underdog mentality. “I don’t think none of that matters in this game,” Moore said Monday. “It doesn’t matter the records. It doesn’t matter anything. The spread, that doesn’t matter.” How did Michigan end up with a relative mess of a season on the field, coming off its first national title since 1997? Winning it all with a coach and star player contemplating being in the NFL for the 2024 season seemed to have unintended consequences for the current squad. The Wolverines closed the College Football Playoff with a win over Washington on Jan. 8; several days later quarterback J.J. McCarthy announced he was skipping his senior season; and it took more than another week for Jim Harbaugh to bolt to coach the Los Angeles Chargers. In the meantime, most quality quarterbacks wanting to transfer had already enrolled at other schools and Moore was left with lackluster options. Davis Warren beat out Alex Orji to be the team’s quarterback for the opener and later lost the job to Orji only to get it back again. No matter who was under center, however, would’ve likely struggled this year behind an offensive line that sent six players to the NFL. The Wolverines lost one of their top players on defense, safety Rod Moore, to a season-ending injury last spring and another one, preseason All-America cornerback Will Johnson, hasn’t played in more than a month because of an injury. The Buckeyes are not planning to show any mercy after losing three straight in the series. “We’re going to attack them,” Ohio State defensive end Jack Sawyer said. “We know they’re going to come in here swinging, too, and they’ve still got a good team even though the record doesn’t indicate it. This game, it never matters what the records are.” While a win would not suddenly make the Wolverines’ season a success, it could help Moore build some momentum a week after top-rated freshman quarterback Bryce Underwood flipped his commitment from LSU to Michigan. “You come to Michigan to beat Ohio,” said defensive back Quinten Johnson, intentionally leaving the word State out when referring to the rival. “That’s one of the pillars of the Michigan football program. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. “It doesn’t necessarily change the fact of where we are in the season, but it definitely is one of the defining moments of your career here at Michigan.” ___ AP Sports Writer Mitch Stacy in Columbus, Ohio, contributed to this report. ___ Get alerts on the latest AP Top 25 poll throughout the season. Sign up here. AP college football: https://apnews.com/hub/college-football and https://apnews.com/hub/ap-top-25-college-football-poll Advertisement Advertisement
More than two weeks after Election Day, the City of Berkeley has finally tabulated the votes and determined that its new mayor will be former League of Women Voters chapter president Adena Ishii, the city’s first Asian American mayor. If you think San Francisco took a long time to determine the winners of its elective offices, we will point out that the City of Berkeley took more than two weeks to determine the winner of its mayoral race. But we do now have a winner as of Wednesday night, as the Chronicle reports that political newcomer Adena Ishii has defeated Vice Mayor Sophie Hahn , in a super-close upset 51%-49% victory where Ishii came in ahead by a mere 1,039 votes in ranked-choice tabulation. Adena Ishii, a newcomer to city politics, was elected Berkeley’s next mayor – beating out two veterans of the city’s political scene, according to the latest results released Wednesday. https://t.co/acVlo1BCqR Berkeleyside points out that Ishii will be Berkeley’s first ever Asian American mayor, as well as the first woman of color to be Mayor of Berkeley. Huge upset in the Berkeley mayoral race https://t.co/xfHruwXbup Ishii has never run for or held office before, though has been an educational nonprofit consultant and is a former president of the League of Women Voters Berkeley Albany Emeryville chapter. She’ll take over as mayor as Berkeley struggles with a contentious People’s Park redevelopment and its new controversial encampment sweeps . “My message in this campaign was that we needed a reset at City Hall, that we had had two City Council members resign, citing that city politics had become broken and toxic,” Ishii said in an interview with KQED . “We needed someone who was going to be focused on the issues.” 'My message was that we needed a reset at City Hall, that we had had two City Council members resign, citing that city politics had become broken and toxic. We needed someone who was going to be focused on the issues.' #berkeley via @KQEDnews https://t.co/RscpFwvxl1 KTVU notes that Vice Mayor Hahn was the heavy favorite , and initially held the lead in the Election Night results. But Hahn fell behind in the later ranked-choice rounds, and conceded Wednesday night. "With the new release of numbers today, the results of this race are clear: Adena Ishii has been chosen by the people of Berkeley to be your next Mayor," Hahn said in a Wednesday email to supporters. "Just a few moments ago I called to congratulate her, and wish her the very best as she navigates our City through what are likely to be challenging times for our country, and our community." Ishii takes over for current Berkeley Mayor Jesse Arreguin, who’s been in office for the last eight years, but was just elected to represent his district in the state Senate . Related: Berkeley Voters on Edge as Mail-In Ballots Never Showed Up, May Have Been Stolen [SFist] Image: Adena Ishii, Former Candidate for Berkeley Mayor 2024 via Facebook