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After four years, Scott McDonald resigns as ULM sports director

Scott McDonald has resigned as Louisiana-Monroe athletic director, the university announced Monday.

He will officially step down from all duties effective Sept. 1, marking four years of his time with the Warhawks. An interim DA has not been announced as the nationwide search for a replacement begins.

“Over the past four years, I have seen the athletic department grow and succeed on many different fronts,” McDonald said in a school statement. “With the near completion of a comprehensive sports strategic plan, I believe the time is right to step back into the financial services industry and give new leaders the opportunity to execute a well-crafted plan for athletics.”

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McDonald was in the financial services industry for 35 years before joining the staff of ULM, specializing in commercial banking. He took over as AD in 2019 after serving as Acting Administrative and AD Director.

“Under Scott’s leadership, ULM has experienced tremendous growth and success in our athletic programs, facilities, academics, staff, athletes, coaches and funding,” said the ULM President. , Ron Berry. “He has positioned us well to take us to the next level of competition on and off the pitch as we continue to strive for excellence in everything we do.”

Although he was heavily involved in the world of Warhawks athletics before taking on AD responsibilities, McDonald said the past four years have been a relay race.

“My responsibility was to run as long and as fast as possible and put this team in a better position,” McDonald said. “I feel like our athletic department is in a tremendous position right now and it’s time for me to hand over to the next leader.”

McDonald’s management

In the last three years that McDonald served as athletic director, ULM athletics has seen its impact on the community grow, both in the classroom and on the field.

Achievements outside of sports are his proudest accomplishment, McDonald said, including a 3.36 GPA among various teams in the spring of 2022.

He was notably responsible for hiring football coach Terry Bowden.

“We’ve worked very, very hard since I’ve been here,” Bowden said. “He will be very difficult to replace.

Emely Hernandez covers high school athletics and sports at the University of Louisiana-Monroe. Email her at [email protected] and follow her on Twitter @emhernandeznews.

9 Meters Biopharma Provides Business Update and Reports Second Quarter 2022 Financial Results

  • Announcement of Positive Preliminary Results from the VIBRANT Phase 2 Study of Vulolenatide in Short Bowel Syndrome
  • Vulolenatide end-of-phase meeting with FDA on track for Q3
  • Cash balance as of June 30, 2022 of $29.5 million; Additional $20 million from debt financing previously announced in July extends cash trail through Q4 2023

RALEIGH, NC /ACCESSWIRE/August 15, 2022/ 9 Meters Biopharma, Inc. (NASDAQ:NMTR), a clinical-stage company pioneering innovative treatments for people with rare or debilitating digestive diseases, today provided an overview of its recent achievements, milestones ahead and financial results for the second quarter ended June 30, 2022.

John Temperato, President and CEO of 9 Meters Biopharma, said, “The highlight of the second quarter was the announcement of positive preliminary results from the Phase 2 VIBRANT study evaluating vurolenatide in adult patients with short bowel syndrome. We believe these preliminary results support the safety and efficacy of vurolenatide and look forward to our end of phase 2 meeting with the FDA this quarter. Based on the product profile that we believe is supported by our clinical data to date, we believe that vurolenatide has the potential to play a critical role in the first-line treatment of patients with SBS. Pending the results of our meeting with the FDA, we look forward to initiating our phase 3 study with vurolenatide.

Mr. Temperato continued, “In addition, this quarter was also an opportunity to make important and informed decisions regarding larazotide for celiac disease. Although we are disappointed with this result, we are convinced that this is the best decision for the company and its shareholders, and that it will allow us to redirect our financial resources and concentrate all our support on the phase 3 of vurolenatide SBS.

Clinical Development and Commercial Highlights

Announcement of positive preliminary results from the phase 2 study of vurolenatide in short bowel syndrome (SBS)

  • On June 30, the Company announced positive preliminary results from the Phase 2 trial known as VIBRANT (VurolenateIto make it short BOwl’s Syndrome Rwhatever pAneed rental assistanceNT) to assess the safety, efficacy and tolerability of vurolenatide in adult patients with SBS.
  • Preliminary study results confirm the safety and efficacy of vurolenatide and have identified a dose and dosing range to move into Phase 3 development.
  • An end-of-phase 2 meeting with the FDA is on track for Q3 2022.
  • A phase 3 study for vurolenatide could start as early as the fourth quarter of 2022 pending the results of the end of phase 2 meeting; study plans including site identification and recruitment are underway.

Interim Analysis of Phase 3 Trial of Larazotide for Celiac Disease

  • On June 28, the Company announced that an interim analysis of CedLara® Phase 3 (Thisliar Dit’s a disease Laurazotide) evaluating the safety and efficacy of larazotide in patients with celiac disease did not support continuation of the trial. Following an in-depth analysis of the interim data from the CedLara® study, we are stopping the development of larazotide in celiac disease.

Phase 2a study of larazotide for multisystem inflammatory syndrome in children (MIS-C) resulting from COVID-19 is ongoing

  • A phase 2a randomized, double-blind, placebo-controlled study is underway in collaboration with the European Institute for Biomedical Research in Salerno, Italy (EBRIS), which is conducting this study.

Preclinical pipeline update

NM-102 (proprietary tight junction microbiome modulator)

  • 9 Meters collaborates with Gustave Roussy, a leading cancer center in France. Gustave Roussy develops preclinical research showing that NM-102 was effective when combined with immune checkpoint inhibitors (ICI) in a mouse model of aggressive cutaneous melanoma and, in combination, improved survival compared to ICI alone. Additional data is expected in 2022.
  • The company is also collaborating with NYU Langone Health to investigate the preclinical use of NM-102 for an undisclosed autoimmune disease with significant unmet need.
  • Preclinical work is underway to support a possible IND (Investigational New Drug) filing in 2023.

NM-136 (humanized anti-GIP monoclonal antibody)

  • NM-136 is a long-acting, highly specific humanized anti-GIP monoclonal antibody. Preclinical work is underway to support a potential IND in 2023.

Second quarter 2022 financial results

As of June 30, 2022, the Company’s cash and cash equivalents totaled approximately $29.5 million, compared to approximately $37.2 million as of March 31, 2022.

On June 30, the Company entered into a senior secured convertible credit facility of up to $70 million as part of an overall financing strategy to support the continued development of vurolenatide for short bowel syndrome by through an NDA submission. The company has raised an initial net amount of $20 million upon closing of the convertible bond on July 15, 2022 and has the option to access up to an additional $50 million in tranches of $5-20 million per quarter over an 18-month period, provided the company meets certain requirements, including raising additional capital.

The Company reported a net loss of approximately $11.1 million, or $0.04 per share, for the second quarter of 2022, compared to a net loss of approximately $11.4 million, or 0, $04 per share, for the first quarter of 2022 and $8.3 million, or $0.03 per share for the second quarter of 2021. The actual change in cash for the second quarter of 2022 was 7. $7 million, the difference between cash and reported earnings being due to non-cash stock compensation expenses and a major equity milestone for EBRIS related to the larazotide study in MIS-C.

Taking into account the initial drawdown of $20 million at the closing of the loan facility, the Company would have a pro forma balance of cash, cash equivalents and restricted cash of $49.5 million at 30 June 2022, and a cash trail expected in the fourth quarter of 2023.

Main milestones planned in the short term

  • End of Phase 2 meeting with the FDA, with additional plans and timeline for the Phase 3 study expected to be disclosed by the end of the third quarter.
  • The VIBRANT-2 phase 3 study is expected to start in the fourth quarter of 2022.
  • Additional data expected from the Phase 2a study of larazotide in MIS-C.
  • Additional data expected from the Gustave Roussy Collaboration evaluating NM-102 combined with immune checkpoint inhibitors (ICI) in a mouse model of aggressive cutaneous melanoma.

About 9 Meters Biopharma

9 Meters Biopharma, Inc. is a clinical-stage company pioneering new treatments for people with rare digestive diseases, gastrointestinal disorders with unmet needs, and debilitating disorders in which gut biology is a factor contributory. 9 Meters is developing vurolenatide, a proprietary long-acting Phase 2 GLP-1 agonist, for SBS; larazotide, a tight junction regulator in MIS-C; and several assets close to clinical stage.

For more information, visit www.9meters.com or follow 9 Meters on Twitter, LinkedIn and Facebook.

Forward-looking statements

This press release contains forward-looking statements based on 9 Meters’ current expectations. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, forecasts, anticipated milestones, and any other statements relating to our future business or other events or future conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements due to various risks and uncertainties, which include, but are not limited to: risks relating to our ability to successfully implement our strategic plans , including dependence on our lead product candidate; uncertainties associated with clinical development and regulatory approval of product candidates, including reliance on blinded data; uncertainties regarding the achievement of positive clinical results for product candidates and the unanticipated costs that may result; risks related to 9 Meters’ inability to raise sufficient additional capital to continue to advance these product candidates and its preclinical programs, including in light of current market conditions; risks related to the inability to realize any value from product candidates and preclinical programs in development and planned in light of the inherent risks and challenges of bringing the product candidates to market; intellectual property risks; the impact of COVID-19 on our operations, clinical trial enrollment and timing; risks relating to the Company’s leverage in borrowing money under the Credit Facility and compliance with its terms; Nasdaq delisting risk; dependence on co-workers; dependence on research and development partners; cybersecurity and data privacy risks; and the risks associated with the acquisition and development of additional compounds. These and other risks and uncertainties are more fully described in periodic filings with the SEC, including the factors described in the section titled “Risk Factors” in 9 Meters’ Annual Report on Form 10-K. for the fiscal year ended December 31, 2021, as modified or supplemented by our Quarterly Reports on Form 10-Q and in other filings that 9 Meters has made and in future filings that 9 Meters will make with the SEC. You should not place undue reliance on these forward-looking statements, which are made only as of the date hereof or as of the dates indicated in the forward-looking statements. 9 Meters expressly disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein to reflect any change in its expectations with respect thereto or any change in events, conditions or circumstances about which such statements are based. .

Corporate contact details
SVP, Investor Relations and Corporate Communications
9 Meters Biopharma, Inc.

[email protected]

Media Contact
Veronique Eames
LifeSci Communications, LLC

[email protected]

THE SOURCE: 9 Meters Biopharma, Inc.

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Vidullanka’s Q1 earnings fall 12% amid higher financial costs – Reuters


Vidullanka PLC posted a profit after tax of 210 million rupees for the first quarter of the financial year 2022/23, down 12% from a year ago. The group recorded revenue of Rs 775 million for the reporting period, an increase of 28% from the first quarter of the year 2021/22.

The group said the decline in profits materialized due to the escalating costs that Sri Lanka is currently facing, including the noticeable increase in financial charges incurred for the period.
The group saw its financial charges increase by 49% year-on-year to reach 111.9 million rupees during the period under review.

However, due to the stable position of the group’s overseas assets, the three-month period recorded 748 million rupees in foreign exchange translation gains, increasing the organization’s total comprehensive income to 966 million rupees, registering a 268% year-on-year increase. Vidullanka PLC’s overseas hydropower operations continue to be the best performing of the group, generating a profit of Rs 253 million on Rs 547 million in revenue for the quarter ended June 30, 2022.

The profit recorded increased by 92% compared to the same quarter of the previous year. Overseas revenue also increased by around 76%, from Rs 310 million. The Company’s overseas operations include Bukinda SHPP and Muvumbe SHPP located in Uganda.

Gross profit generated from local hydropower declined by a profit figure of Rs 130 million and revenue decreased to Rs 185 million from Rs 246 million recorded for the comparative period of the previous year. The dendro and plantation arm of the group reported a net loss of Rs 41 million for the
same period.

The group has active commitments in terms of several projects in the development pipeline, the most notable of which is Bwengu, the 50 MWac ground-mounted solar power project in Malawi, which is being developed by Quantel Renewable Energy, a joint venture between Vidullanka PLC and Frontier Energy, Denmark. The construction of this project is expected to start in the 4th quarter of 2022.

Locally, the group is also pursuing construction activities for the Horana Solar (2MW) and Vavunathivu Solar (10MW) ground power plants. With escalating costs having a significant impact on the development of these projects, the company is considering several feasible options, including increasing its capital contributions to meet its obligations. The commissioning of these two plants should take place at the end of 2022.

Average product life falls to record low


The latest research from Moneyfacts has revealed that the average length of time mortgage products stay on the market has dropped to a record low.

This research revealed that, on average, products remain available to borrowers for 17 days at present. This is the shortest period on record, with the previous low having been reached in June 2022. This means in practice that mortgage advisers are under more pressure than ever at the moment to identify suitable products and fulfill the requests while they remain available. .

Additionally, Moneyfacts also points out that the short lifespan of the products coincides with frequent rate hikes. His research shows that average five-year fixed mortgage rates have risen for 10 consecutive months and currently stand at 4.08%. This is the first time that they have exceeded 4% in eight years.

Two-year fixed mortgage rates have also risen for the past 10 consecutive months, leaving them at 3.95% at this time. This is the highest rate recorded by Moneyfacts since the beginning of 2013.

Speaking to Mortgage Strategy, Eleanor Williams of Moneyfacts said shopping around was the best bet for borrowers, but added:

“Not only do borrowers now have fewer choices to choose from, but the average mortgage shelf life has dropped to a new low of just 17 days this month.”

CeMAP-trained advisors are more essential than ever in this landscape of rising prices and shrinking product options.

Nirmala Sitharaman in States Handing Out Gifts – The New Indian Express


BENGALURU: Union Finance Minister Nirmala Sitharaman on Saturday urged gift giving states to check the fiscal strength of the state government and make budgetary provisions accordingly.

Days after Prime Minister Narendra Modi’s ‘rewaris’ jibe, apparently referring to freebies given by some state governments, particularly the Aam Aadmi Party waiver in Delhi and Punjab, Sitharaman said it was good that the debate has started.

“You can promise something. Let’s say when I say you — the state government or a government — you promise something, say I’m going to give you something for free. It could be electricity, it could be anything else. And I’m not saying you shouldn’t.”

“Do it but make sure you understand your state’s financial level, your state’s fiscal strength and having promised it in the election, you won, you come back, make sure you fill it out because you gave a word and how, making sure your budget will have a provision for it,” Sitharaman said during an interactive program organized by the BJP Economic Cell here.

“I think it bodes well that the Prime Minister has mentioned freebies and their impact on the economy. And now there’s a lot of interest in the subject and discussions are starting but real good debate and building arguments are so necessary because any diversion from the fundamental principle that we need to understand, or any attempt to undermine or dilute this debate would be doing this country a disservice because we all know that governments have responsibilities,” said she said when answering a question about the financial burden of gifts on the state.

The FM said governments indeed have a responsibility to ensure that a good education reaches all of its citizens, especially the poorest sections of society.

Also, basic health care is taken care of, Sitharaman said, adding that when the poor are involved, “high-end medical assistance involving experts is needed, the poor should be able to access it.”

READ ALSO | Spending on health, education and social protection, no freebies: TN CM Staline

In this regard, she said, various committees appointed since independence have always insisted that at least six percent of the gross domestic product should be spent on health, education and other basic needs. .

Sitharaman said that no government till today has denied its responsibility for education or allowed only private education to take on this task.

She added that the private sector was allowed to participate in taking over education responsibilities, but no government from independence to date has ever said that it was not necessary to spend on education.

On the contrary, the Center and the States have participated in the process through Jawahar Navodaya Vidyalaya, Sarva Shiksha Abhiyan, Tribal Welfare Schools, Boarding Schools to provide good quality education to all, Sitharaman pointed out.

“So if any attempt is made to say that education is now treated as a gift, sorry. This is an irresponsible and misguided statement. So is health. partially successful, others more successful reaching out, n never shied away from taking responsibility for education or health,” Sitharaman said.

Sitharaman said she wouldn’t give a list of what’s free and what isn’t, and preferred to leave it up to people to decide.

She, however, cited how free electricity could weigh on power generation companies and distribution companies if the financial health of the state is not taken into account.

“You promised them up to 300 units or whatever 300 units of free electricity. So that you know how many people should get it, you make provision for that in your budget,” he said. she declared.

READ ALSO | Congress joins Gujarat ‘freebie club’, promises farm loan waiver and free electricity

“Do you have enough fiscal strength. Do you generate enough income to be able to do all of this and take care of your committed obligations like salary, pension and do your usual work – get water, give roads, you ensure that your state has schools, colleges, education, hospitals,” she added.

Regarding cryptocurrency, she said the government had already warned earlier saying, “Please caution is the word.

So I think we’ll all have to share our thoughts and proceed with a bit of caution on this.

There is a huge possibility when we talk about technology, but how, where and what trajectory it takes is something that we will all have to worry about and monitor, ”she said.

To a question about inflation, Sitharaman replied, “I have to manage inflation, but I have to encourage growth. There is no way for me to continue to reconcile. That word reconcile. Yes, it is reconciliation, but the approach we take is growth,” she said.

BENGALURU: Union Finance Minister Nirmala Sitharaman on Saturday urged gift giving states to check the fiscal strength of the state government and make budgetary provisions accordingly. Days after Prime Minister Narendra Modi’s ‘rewaris’ jibe, apparently referring to freebies given by some state governments, particularly the Aam Aadmi Party waiver in Delhi and Punjab, Sitharaman said it was good that the debate has started. “You can promise something. Let’s say when I say you — the state government or a government — you promise something, say I’m going to give you something for free. It could be electricity, it could be anything else. And I’m not saying you shouldn’t.” “Do it but make sure you understand your state’s financial level, your state’s fiscal strength and having promised it in the election, you won, you come back, make sure you fill it out because you gave a word and how, making sure your budget will have a provision for it,” Sitharaman said during an interactive program hosted by the BJP Economic Cell here. “I think it bodes well that the Prime Minister mentioned gifts and their impact on the economy. And there is now a lot of interest in the subject and discussions are beginning but real good debate and building up arguments is so necessary because any diversion from the fundamental principle that we need to understand, or any attempt to undermine or dilute this debate would be doing this country a disservice because we all know that governments have responsibilities,” she said when responding to a question about the financial burden of gifts on the state. The FM said governments indeed have a responsibility to ensure that a good education reaches all of its citizens, especially the poorest sections of society. Also, basic health care is taken care of, Sitharaman said, adding that when the poor are involved, “high-end medical assistance involving experts is needed, the poor should be able to access it.” READ ALSO | Spending on health, education, welfare programs, not gifts: TN CM Stalin In this regard, she said, various appointed committees since independence have always insisted on spending at least 6% of the gross domestic product on health, education and other basic needs. Sitharaman said that no government till today has denied its responsibility for education or allowed only private education to take on this task. She added that the private sector was allowed to participate in taking over education responsibilities, but no government from independence to date has ever said that it was not necessary to spend on education. On the contrary, the Center and the States have participated in the process through Jawahar Navodaya Vidyalaya, Sarva Shiksha Abhiyan, Tribal Welfare Schools, Boarding Schools to provide good quality education to all, Sitharaman pointed out. “So if any attempt is made to say that education is now treated as a gift, sorry. This is an irresponsible and misguided statement. So is health. partially successful, others more successful reaching out, n ‘has never shied away from taking responsibility for education or health,’ Sitharaman said. Sitharaman said she would not list what is free and what is not, and preferred to leave the subject to the people to decide. She, however, cited how free electricity could weigh on power generation companies and distribution companies if the financial health of the state is not taken into account. ” You promised them up to 300 units or whatever 300 units of free electricity. So that you know the number of people who should get it, you make provision for that in your budget,” she said. ALSO READ | Congress joins ‘freebie club’ in Gujarat, promises a exemption from agricultural loan, free electricity “Do you have sufficient budgetary solidity. Are you generating enough income to be able to do all of this and take care of your committed obligations like salary, retirement and do your usual work – get water, give roads, make sure your state has schools, colleges, an education, hospitals,” she said. Regarding cryptocurrency, she said the government had already warned earlier saying, “Please caution is the word. So I think we’ll all have to share our thoughts and proceed with a bit of caution on this. There is a huge possibility when you talk about technology, but how and where and what trajectory it takes is something that we will all have to worry about and watch for, ”she said. To a question about inflation, Sitharaman said, “I have to manage inflation but I have to encourage growth. There’s no way for me to keep reconciling. It’s not reconciling. Well , okay, if you’re really into that word, reconcile. Yes, it’s reconciliation, but the approach we’re taking is growth,” she said.

National Bank of Canada FI sells 400 shares of iShares MSCI USA Value Factor ETF (BATS:VLUE)


National Bank of Canada FI reduced its stake in the shares of iShares MSCI USA Value Factor ETF (BATS:VLUE – Get Rating) by 27.7% during the 1st quarter, according to its latest filing with the Securities and Exchange Commission. The institutional investor held 1,043 shares of the company after selling 400 shares during the quarter. National Bank of Canada FI’s holdings in the iShares MSCI USA Value Factor ETF were worth $109,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also bought and sold stocks. Oppenheimer & Co. Inc. acquired a new equity stake in iShares MSCI USA Value Factor ETF in Q4 worth $226,000. The Toronto Dominion Bank acquired a new stake in shares of iShares MSCI USA Value Factor ETF in Q4 worth $40,000. Cowa LLC increased its stake in iShares MSCI USA Value Factor ETF by 360.2% in Q4. Cowa LLC now owns 25,705 shares of the company worth $2,814,000 after acquiring an additional 20,119 shares in the last quarter. Alphastar Capital Management LLC bought a new position in iShares MSCI USA Value Factor ETF in Q4 for a value of $232,000. Finally, Mercer Global Advisors Inc. ADV increased its stake in iShares MSCI USA Value Factor ETF by 13.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,232,919 shares of the company worth $463,378,000 after acquiring an additional 495,721 shares in the last quarter.

iShares MSCI USA Value Factor ETF Stock Performance

Shares of VLUE opened at $99.11 on Friday. The company has a fifty-day moving average of $93.38 and a 200-day moving average of $99.87. iShares MSCI USA Value Factor ETF has a 1-year low of $71.21 and a 1-year high of $89.40.

Further reading

Want to see which other hedge funds hold VLUE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Value Factor ETF (BATS:VLUE – Get Rating).

Institutional ownership by quarter for iShares MSCI USA Value Factor ETF (BATS:VLUE)

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Kerry expects 35.7% volume growth in the first half


A line of Kerry Express delivery vehicles outside one of the company’s logistics centres.

Thailand’s leading express delivery service, Kerry Express, reported volume growth of 35.7% in the first half of 2022 year-on-year.

Revenue for the second quarter of this year was reported at 4.2 billion baht, similar to the previous quarter.

Kerry also announced that in response to rising fuel prices, the company is adopting a smart pricing strategy to achieve sustainable performance as well as greater volume growth.

This means that a fuel surcharge has been introduced to neutralize this impact, although it is subject to adjustment depending on the evolution of diesel prices and will eventually be lifted when fuel prices return to normal.

Meanwhile, Kerry said he was strictly executing cost-cutting programs, including redesigning operations to standardize the last-mile process with centralized control for long-term profitability and productivity optimization.

Kerry expects the impact of cost reduction to accelerate throughout 2022.

Alex Ng, Managing Director of Kerry Express, explained that although the second quarter was held back by multiple challenges, he is confident that the company will soon see a significant improvement in revenue and profit margin thanks to control initiatives. costs.

“Kerry will continue to diversify its revenues in addition to its core business to drive further growth over the coming quarters and expand our market leadership,” Mr. Ng said.

In line with Kerry’s business diversification strategy, the company announced that it has entered into a joint venture with Hive Box, China’s leading smart locker company, to establish Thailand’s first smart locker system.

The newly formed entity will offer end-to-end drop-off and pick-up solutions with the integration of advanced scanning and automation powered by Hive Box.

“Hive Box is almost the only proven locker solution in China,” Ng added.

“Kerry, joining forces with our strategic partners, will bring such unique success to Thailand with the right technology, adequate investments as well as exclusive geographic coverage,” he said.

Canoo’s casualties mount; EV startup touts sales pipeline


Canoo, which has announced plans to build electric vehicles like this at a plant in Pryor from next year, acknowledged that its future hinges at this stage on sales to just one customer, Walmart. (File photo)

Electric vehicle startup Canoo, which announced plans to produce electric vehicles at a Pryor plant from 2023, reported net losses of $164.4 million in the second quarter and $289.8 million in the first half of 2022.

Although the company, in its recently released 2Q financial statements, said it had amassed more than $1 billion in its sales “pipeline”, it acknowledged that its future prospects hinge on its still-nascent relationship with a single customer, Walmart.

“We expect a substantial portion of our initial revenue to come from a single customer,” he said. “If we are unable to maintain this relationship, or if Walmart purchases significantly fewer vehicles than we currently expect or at all, our business, outlook, financial condition, results of operations and cash flows cash flow could be materially and negatively affected.”

Shares of Canoo, which jumped in value in July after Walmart ordered 4,500 lifestyle electric vehicles from Canoo and opted to buy 10,000 for use as delivery vehicles, have since declined by about 25%. It took another hit when Canoo said in its second-quarter filing that, at least initially, it wouldn’t be building electric vehicles for Walmart itself. Instead, he planned to use an unspecified contractor.

Canoo previously said it would begin vehicle assembly at a small plant in Bentonville, Arkansas, while it works to build its “mega-micro plant” at the Mid-America Industrial Park in Pryor. He said he plans to eventually employ 1,500 to 2,000 people at the Oklahoma plant.

The company benefited from financial incentives provided by Oklahoma. According to statements by Canoo Chairman Tony Aquila, Oklahoma has awarded $15 million from the governor’s “Quick Action Closing Fund” to support Canoo’s job creation and other development efforts in the state. The funding was included in an overall incentive package valued at approximately $300 million.

Arkansas has also provided incentives for the company, as Canoo has stated its goal of creating a “corridor” of electric vehicle development and production stretching from northeast Oklahoma to northwest New York. ‘Arkansas.

In comments posted with Canoo’s filings in the second quarter, Aquila said the company had completed 90% of crash tests and moved through a final phase required to achieve Federal Motor Vehicle Safety Standard certification.

“We are moving towards the start of production in the fourth quarter,” he said. “We have over $1 billion in our sales pipeline, which includes our recently announced commercial order.”

He noted that the US military has asked Canoo to provide electric vehicles for analysis and demonstration purposes. Canoo also plans to deliver several custom electric vehicles to NASA by June 2023.

In other Q2 highlights, Canoo said it launched an “advanced delivery setting” of electric vehicles to be used by Walmart for deliveries in the Dallas-Fort Worth metroplex.

Progress has a cost. Canoo reported net losses of $164.4 million and $289.8 million for the three and six months ended June 30, 2022, compared to net loss and comprehensive loss of $112.6 million and 127 $.8 million recorded for the three and six months ended June 30, 2021 .

Net cash used in operating activities totaled $237.6 million in the first half of 2022, compared to $108.8 million for the six months ended June 30, 2021. Net cash used in investing activities was of $35 million, compared to net cash used in investing activities of $28.7 million in the first two quarters of 2021.

As of June 30, the company said it has access to up to $250 million, including cash and cash equivalents of $33.8 million and approximately $220 million of spare capacity on its power purchase facility. pending shares filed with the Securities and Exchange Commission in May.

Second half 2022 business outlook

Based on current projections, Canoo said it expects second-half operating expenses, excluding stock-based compensation and amortization, of $200 million to $245 million, and capital expenditures. from 100 to 125 million dollars.

Despite the change in plans regarding production, Aquila said deliveries to Walmart are expected to begin in the first quarter of 2023.

The publication Inside electric vehicles noted, however, in a post following the 2Q report that Canoo’s plans to use an outside contractor for initial EV production for Walmart could signal production issues for the startup. He also pointed out that the company’s road to future profitability remains uncertain.

“Canoo says it ended the quarter with more than $1 billion in its sales pipeline, largely attributable to the deal with Walmart. Beware, only 17% of (its) 32,500 reservations are committed sales under contract , with the remainder being non-binding and refundable,” the post read.

Creatd announces the successful public release of its Vocal iOS app ahead of schedule


NEW YORK, August 11, 2022 /PRNewswire/ — Creatd, Inc. (Nasdaq CM: CRTD) (“Creatd” or the “Company”), today announced the groundbreaking release of the Vocal mobile app for iOS for consumers. The long-awaited first release of the Vocal app was designed to exponentially improve the reach of Vocal creators. New app-exclusive features will dramatically enhance the reader experience, allowing users to easily discover curated stories, expand content distribution, and unlock new monetization opportunities for creators. The introduction of the app provides partner brands with another outlet for Vocal’s rapidly growing audience by providing them with a scalable, one-stop platform to showcase products and services aligned with Creatd’s vision.

Users can now download voice app from the Apple App Store to interact with content and creators they know and love, and discover new favorites. The app leverages Vocal’s existing “Subscribe” feature to enable enhanced content discovery with a focus on reader preferences; App users will enjoy quick and easy access to a personalized in-app “library” highlighting stories and creators they have already subscribed to, fostering a more personalized and highly curated reading experience. As part of the app’s product roadmap, users will be able to access future premium resources and features, such as Vocal Coins – a new payment system within Vocal, which is part of the more wide of the company’s token economy.

Comments the founder and COO of Creatd Justin Maury“With the release of the Vocal app to consumers, we’re excited to reach a whole new level of community engagement, while unlocking new revenue streams for creators, brands, and our business.”

Download the Vocal app for iOS from the Apple App Store, here.

About creation

Creatd, Inc. (Nasdaq CM: CRTD) is a company whose mission is to provide economic opportunity for creators and brands by multiplying the impact of platforms, people and technology. The Company has four main business segments, or “pillars”: Creatd Labs, Creatd Partners, Creatd Ventures and Creatd Studios. Each pillar is characterized by a distinct revenue model, while operating on a shared services structure and proprietary data collected from our multiple technology platforms. The pillars of Creatd work together to create a flying effect, supporting our core vision of creating a viable and secure ecosystem for all stakeholders in the creator economy.

Created: https://creatd.com;

IR created: https://investors.creatd.com;

Voice platform: https://vocal.media;

Contact with Investor Relations: [email protected]

Forward-looking statements

All statements that are not historical facts and that express or imply discussions of expectations, beliefs, plans, goals, assumptions, or future events or performance (often, but not always, indicated by use words or phrases such as “probable outcome”, “should”, “will continue”, “is expected”, “estimates”, “intends”, “plans”, “believes” and “projects”) may be forward-looking and may involve estimates and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and investors should not place undue reliance on such forward-looking statements. as of the date such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date such statement is made or to reflect the occurrence of events or foreseen or unforeseen circumstances. New factors emerge from time to time and it is impossible for us to predict all of these factors. Further, we cannot assess the impact of each of these factors on our results of operations or the extent to which any one factor, or combination of factors, could cause actual results to differ materially from those contained in forward-looking statements. This press release is qualified in its entirety by the warnings and disclosure of risk factors contained in our filings with the Securities and Exchange Commission.

SOURCE Created, Inc.

Siemens sees strong demand persisting thanks to cost and supply pressure


Siemens AG said strong orders from all markets are expected to continue in the coming months, helping the company battle rising inflation and supply chain issues that are weighing on returns.

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(Bloomberg) – Siemens AG said strong orders from all markets are expected to continue in the coming months, helping the company battle rising inflation and supply chain issues that are weighing on returns.

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The German industrial giant, reporting a quarterly net loss that beat expectations on Thursday, said it would double its efficiency gains to offset drag and pass on higher costs to customers.

“We are seeing strong demand from our markets, even over three to four quarters,” chief executive Roland Busch said in an interview with Bloomberg Television. “With our price increases to customers, which we are adjusting moderately, we can overcompensate for cost increases from our suppliers.”

Shares fell 1.7% at 9:30 a.m. in Frankfurt, taking losses this year to nearly 30%.

So far, manufacturers like Siemens have been fairly immune to an increasingly bleak outlook marked by record inflation and slowing growth as well as war in Ukraine. Supply chain shortages, driven by the chip crisis now in its third year, have pushed order books to record highs and companies expect to take months to reduce pent-up demand. Also on Thursday, Daimler Truck Holding AG said it would struggle to fill truck orders for the rest of the year.

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At Siemens, orders hit a record high of 99 billion euros ($102 billion) after strong growth in the quarter through June. Even so, there are signs of normalization, the company said.


In the key digital industries division, which makes factory automation software and other labor-saving services, third-quarter profitability was held back by semiconductor shortages and higher spending for cloud-based businesses, Siemens said. Future business will be “clearly influenced by price inflation,” Busch said in speaking notes. The company expects to start reducing its backlog from fiscal 2023.

The prediction echoes BMW AG’s view that improved semiconductor availability will help ease supply chain pressure, allowing production to ramp up.

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Quarterly orders for the smart infrastructure unit rose 26%, although revenue in China fell due to coronavirus lockdowns. The Digital Industries and Smart Infrastructure units are at the heart of Siemens’ push towards higher-margin software offerings.


On Thursday, Siemens cut its expected increase in earnings per share to 5.73 euros from 9.10 euros due to impairment charges. Siemens wrote down the value of its stake in Siemens Energy AG by 2.7 billion euros in June following the turbine maker’s repeated profit warnings. Thursday, he doubled the depreciation linked to his exit from Russia to 1.2 billion euros.

Further write-downs on Siemens’ operations in Russia are possible with regard to its leasing activities in the country, in the region of a three-digit amount of one million euros.

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Although facing a complex economic environment marked by sanctions against Russia, high inflation and the effects of the pandemic, the company said it avoided “more significant disruptions” in the quarter.

Software Player

Siemens is still reorganizing its business toward higher-margin software product lines. The company has sold most of the smaller divested divisions and is focusing on areas with the highest growth potential. In recent weeks, it has bought US software company Brightly for $1.6 billion, launched a new digital business platform and bought a minority stake in Volkswagen AG’s electric car charging subsidiary, Electrify America.

The Mobility division of Siemens, which manufactures trains, won orders worth 2.8 billion euros. Yields fell due to the exit from Russia and the company cut its profit margin forecast to 8.5% from 10.5% previously.

Profit from the industrial business was 2.9 billion euros with returns of 17% slightly below analysts’ expectations.



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The indicator increased by 43% year-on-year

SAO PAULO, August 10, 2022 /PRNewswire/ — Minerva Foods (Minerva SA – B3: BEEF3 | OTC – Nasdaq International: MRVSY), a leader in the export of fresh beef and derivatives in South Americawhich also operates in the processed segment, presents its financial results for the second quarter of 2022 (2Q22).

In 2Q22, EBITDA totaled 778 million reaisup 43% year-on-year, setting a company record. For LTM2Q22, EBITDA was 2.8 billion reaisgrowth of 28% over one year, with an EBITDA margin of 9.2%.

The consolidated gross turnover of the company amounts to 9 billion reais in 2Q22, up 34% compared to 2Q21. In the last 12 month, closed in June 2022 (LTM2T22)the indicator was 32.4 billion reais.

In 2Q22, exports accounted for 71% of Minerva Foods gross sales, once new positioning the leading company in beef exports in South Americawith a market share of around 20%.

The company posted 2Q22 net profit of 424.7 million reais and 761.9 million reais for the last twelve months ended in June. Free cash generation over the period was 415.7 million reaisand in LTM2Q22 the indicator was 523.2 million reais.

Report leverage in 2Q22, measured by the Net Debt/EBITDA multiple for the last 12 months, was reduced to 2.3x. The indicator reinforces the financial discipline and sound capital structure of the company.

Minerva Foods continues to drive shareholder value and announces approved dividend payment today (August 10) of 128 million reaisor R$ 0.22 per share.

About Minerva Foods

Minerva Foods is a leading beef exporter in South America and also operates in the processed segment, selling its products in over 100 countries. In addition to BrazilMinerva Foods is present in Paraguay, Argentina, Uruguay, Colombiaand Australia. The company serves five continents in beef, lamb and their derivatives, and currently operates 27 industrial units, 11 international offices, 14 distribution centers and three processing units.

SOURCE Minerva Foods

Cryptocurrencies and Financial Regulation – AAF

Thomas Wade has a new article that summarizes the state of financial regulation of cryptocurrencies (“crypto”). Eakinomics’ view of the universe is that cryptography is misunderstood but nevertheless remains a staple of cocktail discussions. For this crowd, the fun fact in Wade’s journal is that Bitcoin futures contracts are regulated by the Commodity Futures Trading Commission (CFTC), but Bitcoin itself is unregulated (by any of the financial regulators other than those with the unenviable responsibility of preventing financial cyber crimes). The coexistence of a regulated futures market with an unregulated spot market is strange (economic term) and probably very inefficient.

A second important point to remember is that cryptography is largely unregulated and patchy. As Wade puts it, “Except in limited circumstances, the taxation or activity of most cryptocurrencies and the treatment of digital assets is currently largely unregulated in the United States…. The lack of a primary regulator is only part (and perhaps a cause) of the regulatory patchwork of inconsistent agency regulations and guidance on various isolated aspects of crypto.

One of the reasons for the current state of regulation is that cryptography is misunderstood. In other words, what is crypto? If cryptography is a commodity, it is straightforward to attribute jurisdiction to the CFTC: “The CFTC defines a commodity as including all “goods and articles,…and all services, rights and interests…in which contracts for delivery future are currently or in progress”. the future treated and is not limited to tangible assets only. Or, is crypto a security, in which case the Securities and Exchange Commission has the turf? Per Wade: “The SEC defines a security as an ‘investment contract’ and relies on the Howey test, established by a nearly 100-year-old Supreme Court decision. Any financial instrument (potentially including cryptocurrency) is considered a security if it is: an investment of money; in a joint venture; with a reasonable expectation of profits; and arising from the entrepreneurial or management efforts of others. »

Rooftop Solar System Market 2022 Growth Factor – Canadian Solar, Hanwha Group, JA SOLAR, JinkoSolar – Shanghaiist


A current research report on the Global Global Rooftop Solar Systems Market from 2022 to 2028 by MarketsandResearch.biz includes all the latest information, including market size, share, sales, growth, and revenue, along with a competitive analysis of the market. It is a historical review of the demand and supply chain, as well as an analytical assessment of current and future growth. The research study also assesses the competitive landscape of the market including new business strategies as well as the current and future effect of covid-19 predicted to 2028.

This market report examines the global and regional markets, as well as the overall market development prospects. It also provides an overview of the overall competitive landscape of the global market. The study also includes a dashboard overview of the leading companies’ effective marketing tactics, their contribution to the market, and recent changes in historical and current metrics. The research offers a comprehensive analysis of the market, focusing data on several areas such as drivers, restraints, opportunities, and threats. This data can help stakeholders make informed decisions before investing.

DOWNLOAD FREE SAMPLE REPORT: https://www.marketsandresearch.biz/sample-request/291322

It also includes a detailed geographical review of major regions and nations such as:

  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
  • Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
  • South America (Brazil, Argentina, Colombia and rest of South America)
  • Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa and Rest of Middle East and Africa)

The typical segment includes:

  • Fixed Solar System
  • Adjustable solar system

The application segment includes:

Key and emerging players in the global market include:

  • Canadian Solar
  • Hanwha Group
  • JinkoSolar
  • Trina Solar

ACCESS FULL REPORT: https://www.marketsandresearch.biz/report/291322/global-roof-solar-system-market-2022-by-manufacturers-regions-type-and-application-forecast-to-2028

The research offers a comprehensive analysis of the market, focusing data on several areas such as drivers, restraints, opportunities, and threats. This data can help stakeholders make informed decisions before investing.

Report customization:

This report can be customized to meet customer requirements. Please contact our sales team ([email protected]), who will ensure that you get a report tailored to your needs. You can also get in touch with our executives at 1-201-465-4211 to share your research needs.

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‘Government needs to pay its way’: Darlington speaks out on cost of living crisis | UK cost of living crisis


RObin Blair has been behind his fruit and vegetable stand since the age of three months, in a basket under the box where his mother worked. Now 77, his is one of the last remaining businesses in historic Darlington Market, the ‘Red Wall’ town won by the Tories in 2019, where Liz Truss and Rishi Sunak will hold their North East roundups Tuesday evening.

Questions about the cost of living are expected to dominate the rest of the campaign. In Darlington, energy bills are expected to be nearly 15% of average after-tax household income.

Blair says he has been through tough times in the past, but admitted he fears the catastrophic rise in prices this winter. “I think the government has to put its hands in its pocket – when things are going well, they don’t hesitate to raise taxes,” he says. “Our biggest concern is fuel; we are also planters, old-fashioned market gardeners.

He also fears for the future of the city and the empty shops on the main street. Hip bars and cafes have opened in the old townhouses of Darlington’s attractive streets, but there are gaping holes in the large retail spaces that only the big brands can afford.

For business owners and high street shoppers, there’s a nod that the government can’t give more help with the bills and a sense of inevitability that it will have to come from anyway. Earlier today, Truss doubled down on its refusal to offer meaningful help to people with rising energy bills this winter.

“People will not be able to pay their bills. It’s simple’: David Jackson at his stand in the market. Photograph: Gary Calton/The Observer

David Jackson, the market’s newest butcher, cautiously praises the town’s new Conservative MP, Peter Gibson. But he says his business faces “astronomical” costs. “People will not be able to pay their bills. It’s simple,” he says. He largely hopes Sunak will win: “He was chancellor, he should know something.”

Outside on the main shopping thoroughfare, David Eeles says his health depends on machines needing power, having already seen his bills soar up to £200 a month.

His daughter Sue McQuillen, who recently returned from a trip to Turkey, is scathing about the help offered by the government. “We have kept none of our national assets, neither the energy companies, nor the water, nor the automobile industry. All the billions in profits these companies make don’t even stay here.

Darlington has totemic status for conservatives. In 2017, pollster John Curtice named it the seat that would land Theresa May’s new and bigger majority.

Instead, Labor took the seat and May lost her majority. A member of the shadow cabinet remarked at the time that the greatest achievement of the 2017 campaign was not winning Canterbury but holding Darlington, especially after the Conservatives’ victory as mayor of Tees Valley.

Elizabeth Hackwell.
Sunak is a “chancellor who wouldn’t pay taxes and wouldn’t pay ours”, says Elizabeth Hackwell. Photograph: Gary Calton/The Observer

In 2019, the constituency instead announced the end of the job, eliminating shadow minister Jenny Chapman. But a number of people in the city say they believe the city will turn red again – without explicitly saying they will change their vote.

Emma Kane, a beautician, and her husband, Adam, who works in manufacturing, say they consider their household incomes comfortable and are even worried about future price hikes.

Both say they are not sure voting for Labor would make a huge difference. “Unions spend a lot of time saying what’s wrong, rather than finding solutions,” she says.

The Tories are determined to fill the seat – and the seat has received particular attention from Sunak as Chancellor, whose Richmond constituency makes him a close neighbour. Last year, Darlington was the location chosen for “Treasury North” – a new business campus for the department.

Chris McEwan, union representative.
Labor was undone by “Brexit, Corbyn and appeasement”, says Chris McEwan, a local labor councillor. Photograph: Gary Calton/The Observer

The move is a source of civic pride in the city, but some doubt locals will benefit from the new jobs – and the announcement has already had an effect on property prices.

Elizabeth Hackwell says she is deeply skeptical of ‘local boy’ Sunak, calling him ‘a chancellor who wouldn’t pay taxes and pay ours’. She says Darlington will “go back to work”, but says people were angry the Brexit vote was ignored. “Boris did it and we can move on now.”

For Labor it is a tough fight back, having also lost the council in 2019, and there is internal gloom over the prospect of regaining control next year. Chris McEwan, a longtime adviser, says the party was undone by “Brexit, Corbyn and appeasement” and that the third of them is still the hardest to tackle.

He says Labor has “a way to go” in communicating its offer to people. “We need to focus more on energy companies – these are abnormal profits. The government should intervene and I do not believe that it is prepared to do so. It’s for the good of the economy. »

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McEwan says the impact of the cost of living crisis is now so severe in parts of the city that Covid-era self-help groups involving churches and local charities have been repurposed as aid emergency for those who are plunged into poverty by increasing the costs.

He says the city still has a strong sense of community and Labor can show it is on its side. “There is a major crisis ahead, but we still have skin in the game here. You can still move forward. We have a big population – and a big history.

What is the difference? – Forbes Advisor

Whether you hire contractors or employees or a combination of both depends on your business needs and resources.

Many small businesses start out by hiring contractors to help with support tasks and projects as the business grows beyond what a single owner can do, but not yet earning income. to support full-time employment. It can be a smart, lean way to grow, but you lose the behavioral, financial, and relationship control you would have with employees.

You may want to hire a contractor when:

  • You have a defined project or a mission in mind
  • You have no guaranteed continuous work
  • You want to benefit from the expertise of a service provider rather than providing the training, strategy and protocols yourself
  • The job does not require scheduled times or a set location
  • Work can be done independently without supervision

You may want to hire an employee when:

  • You have work in progress for the role
  • The worker must follow your company protocols or use your equipment
  • Work requires scheduled hours and/or a defined location
  • The job requires supervision and management

Find your next great recruit with ZipRecruiter’s online job market

Try ZipRecruiter today by creating a free account!

Publish an offer


The difference between 1099 and W-2 workers can be difficult to parse, but the spirit of the classifications is clear: contractors are self-employed workers who sell you a service while employees work for the benefit and under the direction of your company.

Once you know what kind of worker you’re hiring, choosing the right tax forms and meeting tax requirements is simple. Contractors fill out a W-9 when hiring, while employees fill out a W-4. At tax time, you file a 1099 for each contractor and a W-2 for each employee.

If the IRS determines that a worker was misclassified, you could be liable for additional taxes on their wages, as well as unemployment insurance and benefits extended to other employees, such as health insurance and pension plans. Clarity before hiring is also important in finding the right type of worker for the job.

Aeromexico releases July 2022 traffic results


MEXICO CITY, August 8, 2022 /PRNewswire/ — Grupo Aeromexico SAB de CV (“Aeromexico”) (BMV: AEROMEX) today announced July 2022 operational results.

  • Grupo Aeromexico carried 2 million 057 thousand passengers in July, a year-on-year increase of 23.3%. International passengers carried increased by 42.2%, while domestic passengers increased by 16.1%.
  • Aeromexico’s total capacity, measured in available seat kilometers (ASK), increased 32.5% year-on-year. International ASKs increased by 43.0% compared to July 2021. Domestic capacity increased 17.3% year over year.
  • Demand, measured in passenger-kilometres (RPK), increased 44.4% year-on-year. International demand increased by 65.7% compared to July 2021. Domestic demand increased by 16.0% compared to July 2021.
  • Aeromexico’s load factor in July was 87.5%, a 6.8 pp increase from July 2021. International load factor increased by 11.7pp and domestic load factor decreased by 1.0pp
  • In July 2022 Aeromexico announced that from August 2022it will increase its operations to Felipe Angeles International Airport (NLU) up to 6 destinations with 56 weekly departures.


Since the beginning of the year in July



Var vs. 2021



Var vs. 2021

RPK (route + charter, millions)






















ASK (route + charter, millions)






















Load factor (route, %)
























Passengers (route + charter, thousands)






















The information contained in this report has not been audited and does not provide information on the future performance of the Company. Aeromexico’s future performance depends on many factors and it cannot be inferred that performance in any period or its year-to-year comparison will be indicative of similar future performance.


  • “RPK” Revenue passenger-kilometres represent one revenue passenger carried over one kilometre. This includes itinerary flights and charter flights. The total RPK is equal to the number of paying passengers carried multiplied by the total distance flown.
  • “Request” Available seat-kilometres are the number of available seats multiplied by the distance travelled. This metric is an indicator of airline capacity. This is equivalent to a place offered for one kilometer, whether the place is used.
  • “Load Factor” is the number of passengers carried as a percentage of the number of seats offered. It is a measure of the airline’s capacity utilization. This metric takes into account the total number of passengers carried and the total number of seats available on the route’s flights only.
  • “Passengers” refers to the total number of passengers carried by the airline.
  • Grupo Aeromexico’s investor presentation is available at the following link: https://www.aeromexico.com/en-us/investors

This press release contains certain forward-looking statements that reflect the current beliefs and/or expectations of the Company and its management regarding its performance, business and future events. We use words such as “believe”, “anticipate”, “plan”, “expect”, “intend”, “target”, “estimate”, “project”, “predict”, ” anticipate,” “guideline,” “should,” and similar expressions to identify forward-looking statements, but these are not the only means by which we identify such statements. These statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this release. The Company is under no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

About Grupo Aeromexico

Grupo Aeromexico, SAB de CV is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and promoting passenger loyalty programs. Aeromexico, from Mexico global airline, has its main center of operations in Terminal 2 of the Mexico City International airport. Its destination network extends over Mexico, United States, Canada, central America, South America, Asia and Europe. The Group’s current operational fleet includes Boeing 787s and 737s, as well as the latest generation Embraer 190s. Aeroméxico is a founding partner of SkyTeam, an alliance which celebrates its 20th anniversary and offers connectivity in more than 170 countries, through the 19 partner airlines. Aeroméxico has created and implemented a Health and Hygiene Management System (HSMS) to protect its customers and employees at all stages of its operation.

SOURCE Grupo Aeromexico SAB de CV

Rural recovery and robust volume growth help Dabur India post further gains


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Reliance Industries sets record dividend date for fiscal year 2021-22


With a market valuation of 17,14,256.39 Crore, Reliance Industries Ltd. is a large-cap company that produces petroleum products. The largest private sector company in India and a Fortune 500 company is Reliance Industries Limited. The Company’s business activities include the exploration and production of oil and gas as well as the production of synthetic textiles and fabrics, plastics, chemicals, petroleum products, polyester products and polyester intermediates. The company’s board of directors has recommended a dividend of Rs. 8.00 per share of Rs. 10 for the financial year ending 31 March 2022. This equates to a dividend yield of 0.31% at the current trading price of the action of 2,532.90. In order to determine the eligibility of shareholders to receive a dividend, the company has announced a record date, of which shareholders should be aware.

On May 6, 2022, the company said in a regulatory filing that “the Board of Directors has recommended a dividend of 8/- per fully paid-up share of 10/- each for the financial year ended March 31, 2022. This dividend payment is subject to the approval of the members of the Company at the next Annual General Meeting of the Company.”

For the purposes of the same, yesterday August 6, the Board of Directors stated in stock market filings that “the Company has set Friday, August 19, 2022 as the ‘Record Date’ for the purposes of determining eligible members to receive dividends for the 2021-22 financial year. The dividend, if declared at the AGM, will be paid in the week following the close of the AGM.”

Compared to the same quarter last year, the company announced a 46.3% increase in its consolidated net profit to 17,955 crores in Q1FY23 (vs. 12,273 crore). Shares of Reliance Industries on the NSE closed Friday at 2,532.90 per share, down 39.00 or 1.52% from the previous level of 2,571.90. The stock has gained 5.37% since the start of 2022.

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Thinking deeply about a topic over time

Florida’s House Bill 5, an absurd/stupid replacement bill Roe v. wade

This bill is a slap in the face to girls and young women. What they decide is between them and their consulting physician or provider. Not you Governor DeSantis, not the people in the House, not the people in the Senate, not the people in Congress. Not your choice.

I oppose House Bill 5. Will your next bill take away women’s suffrage?

This bill is just another example of politicians interfering with the private choices that should only be made between a patient and her health care provider. Abortion should always be safe, legal and accessible to any woman who needs or wants it. The decision to end a pregnancy is very personal.

Certainly NOT a decision of a governor, government, court, judge or members of Congress. Earth’s population is exploding. 70% of Americans support a woman’s right to choose her own path.

DeSantis: Your House Bill 5 would impose 16 years or more of a court conviction of a woman on work hardship and scheduling choices. To force her to care for a child at extreme personal cost and financial responsibility, an indefinable burden on a woman’s years to come. You are challenging the 14th Amendment to the United States Constitution to a woman’s reproductive rights.

DeSantis, you pick, you pass your bill, then you have to personally pay a woman’s pain and the costs of your forced labor on her. You impose (only) your opinion, your own point of view. The lifetime cost of raising a child born in 2022 is estimated at $272,049. Also, if the woman cannot work, pay her an additional minimum wage of $15. /Hour or more $2,628,000. Rejecting his right of constitutional choice of the United States in the United States? Maybe, maybe not. But a right protecting a pregnant woman’s freedom to choose to have an abortion without governmental restriction, without male-imposed opinion is NOT yours.

A human man has no such restrictions or similar responsibilities imposed on him. He is unique in this regard as a woman is unique in hers.

A woman has the right to have her opinion, to choose. As you have the right to have your opinion. You have NO rights beyond this. Anyone deciding for her is wrong. Neither you nor I have the right to decide his choice or his fate! This extreme legislation does not respect a woman’s decision. What can you take away from a male, his choices, for such a cruel punishment as you inflict on a girl or a young woman? What would you say if you found yourself pregnant?

Reading Considerations:

Dictionary: Life begins when breathing begins. An obvious truism of all species, hatching from an egg or during live birth: The period between birth and the present time. The period from the present until death. For humans, 24 to 27 weeks is an approximate time when a fetus, a growth in a woman’s body, becomes “viable”, i.e. able to survive outside the woman’s uterus. . Science and studies agree at 23 weeks life is likely to be defective or not likely to survive. Between 24 and 27 weeks, it is possible to sustain life outside the womb, thanks to science, humanity’s own research, human medical education, talent and self-awareness. It says “One life saved could be that of a future President. Yes, OR a future Terrorist, a future Rapist, a future Mass Killer, a future Thief, a future ‘Wordy Liar’ or whatever like a bad person. Which is more likely? What would you say if you found yourself pregnant?

DeSantis: Reject this nonsense [Inconsistent with reason, logic, or common sense] prohibition of abortion. Don’t change this existing accepted practice: Roe vs. Wade, a woman’s right to choose. Could be a mistake, mistake or just plain incorrect. Perhaps a wandering from a direct course. Successful decision making has been effective for many years, supported by 70% of Americans. A woman has the right to choose. A right to vote. Reject any effort to suppress a woman’s reproductive rights. His right to choose. OR take away your right, a man’s right, choice or other right of any person in Florida or anywhere in this country.

Rules are good when it comes to the welfare, health, safety or good of the majority of a people. The rules apply to businesses because they are a collective group of people, from managers to employees. Companies don’t do bad things. People do bad things. Businesses are made up of people. People in companies do bad things. Find the business. Sure. It becomes common knowledge. Punish the person who ordered the wrong action. Absolutely! Punish employees, help associates or those personally involved? Yes. The same goes for governors who waste their time signing bad laws that go against the grain or go against the grain. It is simply not fair that states are not united with the United States.

A different rule/law is imposed simply by crossing a border, on women. No. Does this remind you: make every state a country? Since the late 1700s, citizens have all been members of the United States.

Support and seek the legitimacy of a “whistleblower” and their charges. Respect their description. It is not a “crime” to “report”. Hiding the truth is.

DeSantis: Surely you have more pressing matters to spend your time on; Like getting along with your fellow congressmen, working together for the good of the people of your state of Florida or these United States. When Congress is in session, work together and do good things, together. You work for the American people, all the people. Don’t quibble over budgets or spending assumptions. Things passed for the good of many people are the right thing to do. Budgets are simply estimates of future expenditure. Adjustable, editable and searchable, over time or as new information becomes available. In private life, one should not live beyond one’s means. Applies to country governments or companies.

Our Earth’s greatest challenge is us humans, ourselves: Overpopulation: Eight billion people in 2022. From 11 to 16 billion in the years to come. Today, five billion 5,000,000 live on less than US$3.21 a day. No right to abortion? You’re kidding.

Climate change caused by human influence is bad. Humans are exploiting the resources of our world at an alarming rate. When our resources are exhausted, they are exhausted. When oil and gas resources are low, countries accumulate them for themselves. Will we be back to wars then?

We have problems living together. The people of Earth have this one Earth. No spare, no backup plan, no other world. We have to get along, all together. No exception. The UN has failed in its directives. Think of the Taliban in Afghanistan. Think of Putin in Russia. The United Nations must intervene, help when the natives leave their country en masse — Intervene, repair/eliminate the source at the origin of the exodus.

Putin’s invasion of Ukraine: forced a mass exodus of natives. Destruction of houses, roads and everything else too. Lost life cannot be recovered. Unfortunately. Create a UN-Ukraine bank to redirect and collect all funds entering Russia. Siphon off a percentage from the top, use it for Ukraine to rebuild, fix their country. Put a bounty on Putin’s head. Limit it to Russia. Country borders are defined. The era of “taking” land or land possessions is over.

The Florida Legislature must defeat Bill HB 5/SB 146. Treat women fairly. All women, equally with men. Respect their choices. Abortion is a choice for them alone. The woman with her doctor or health care provider.

A man, any man, all men, any woman, all women, all are equal. Don’t punish a woman because her choice is not your choice. She is your equal. You are not his superior. You have no authority to choose for her. Just as she has no authority over your choice.

As a man, you have no equal female “status” to, or by law restrict you to. Don’t limit her to her only difference from you. What do you think it will be like to find yourself pregnant?

She can (can she?) reject sex with you. But many male, gender drive, forcibly have sex with a female, however punishable by applicable laws. Oh good? Such an action often results in the pregnancy of a woman. Your action with force is a crime severely punished by law. The male knows best. Teach better. No excuses. None.


RD Freedman

Leesa Rowland, author of ‘The Charisma Factor,’ offers tips for a happy summer


Leesa Rowland ©leesarowland.net

Self-help guide author Leesa Rowland offers ideas for making the most of your summer

NEW YORK, NY, UNITED STATES OF AMERICA, Aug. 6, 2022 /EINPresswire.com/ — This summer, why not relax in the sun and soak up some much-needed vitamin D after a long winter, plus a few good advice on how to create the best of you for the summer season. Embrace your individuality, discover your authenticity, and grow stronger with advice from author of The Charisma Factor: Unlock the Secrets of Magnetic Charm and Personal Influence in Your Life, Leesa Rowland.

Actress, philanthropist and author Leesa Rowland’s book describes charisma as an invisible yet powerful force that has many different facets. Charisma is a special, compelling spark that makes you unique and sets you apart from the rest of the crowd, and it’s something everyone has, whether they realize it or not.

Spending some time connecting with our inner self, learning what makes us truly special, and incorporating that magnetic quality into our personality can have incalculable benefits on our lives. The Charisma Factor is a guide to unlocking the mysterious formula of charm and influence. Whether you’re someone who lives in the spotlight or you’re a college graduate just starting out on your career, Leesa’s insights articulated in her book will improve the way you communicate and interact with others with helpful lessons and advice. personal.

“I think that’s especially important now and as we come out of the pandemic. I want to help people become the best they can be. One of the chapters of my book that is particularly strong concerns the different charismatic personalities, the traits they have and their magnetism. It’s really like a behavioral study,” says Rowland.

About Leesa Rowland:
The daughter of an artist and college professor, Leesa Rowland grew up in Austin, Texas, where she studied broadcast journalism and later became a classically trained actress at the world-famous Stella Adler studio in Los Angeles.

Beyond her long career and credits as a film and television actress, she is also known for her work as a philanthropist and animal rights activist. A vegan dedicated to healthy eating, she has been active with the national nonprofit Last Chance for Animals since 1989 and is president of the New York-based nonprofit Animal Ashram, which she founded in 2013.

As she continues to expand her philanthropic work and involvement with these and other charities while exploring new dramatic roles, Leesa has recently begun adding something else exciting to her sizzle reel. : the actress. A lifelong sitcom fan, she took acting lessons from Richard Kline – the actor best known as Larry in the late 1970s classic Three’s Company – in Los Angeles. She also studied improvisation and sketch comedy in New York at the famous Upright Citizen’s Brigade whose alumni include Amy Poehler, Horatio Sands, Matt Besser, Matt Walsh and Ian McKay. For more information, visit leesarowland.net.

Norah Lawlor
Lawlor Media Group, Inc.
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The Best, Cheapest, and Most Affordable US Cities with Low Cost of Living

  • The cost of living is rising all over the United States.
  • As finances weigh on Americans and the pandemic reshapes our lives, many are rethinking where they want to live.
  • The South could offer migrant homebuyers a more affordable cost of living.

It is becoming more and more expensive to live in the United States.

Due to rising inflation, US households paid almost $500 more in expenses in June compared to what they would have spent in 2018 and 2019.

With the shift to remote work and the general sense of reprioritization during the pandemic, many Americans are rethinking where they want to live.

An important factor for potential movers is the cost of living in a city and how much extra money they will have left after paying their rent or mortgage.

“With inflation rising so aggressively and people’s weekly wages and incomes not rising at the same rate, we are left with less discretionary money to spend each month,” said George Ratiu, head of economic research at Realtor.com, in a statement.

To determine where homebuyers can get the most bang for their buck, personal finance firm Kiplinger has ranked the least expensive cities in America.

Using data from the Council for Community and Economic Research, the company measured prices for housing, groceries, transportation, health care and various goods and services. After sorting through hundreds of cities and prices, Kiplinger’s researchers were able to identify places with the absolute lowest cost of living, primarily south of the Mason-Dixon line.

In states like Texas, Tennessee, and Alabama — which appear on the list multiple times — homebuyers can find several metros where they can expect a lower cost of living than the national average. But if the South isn’t your thing, here’s a comprehensive list of places you can living on a budget in the USA.

Cops 4 Cancer raises record amount Saturday at Cedar Point – Shaw Local


The 2022 Cops 4 Cancer summer event at Cedar Point raised a record amount of funds for the nonprofit organization dedicated to helping Valley Illinois residents with cancer and coping to the financial perils that the disease also creates.

The event totaled $121,984.

Cops 4 Cancer celebrated its 19th year by hosting its flagship event. Organizers said it started with a dream of Terry Guisti “doing something” with the support of his family and friends.

“We started in my backyard,” Guisti said in a press release posted on the Cops 4 Cancer Facebook page. “This party has become an amazing event that so many great people benefit from. It makes us all proud.

For many years, funds raised were directed to the now-disbanded Illinois Valley Community Hospital Foundation. In 2010, the decision to break with this relationship and have more decision-making power was taken. In 2011, Cops 4 Cancer had legally become a 501(c)3 charity and began directly helping families with their financial needs while battling cancer.

“We may be far from the humble beginnings of the Guistis organizing the first fundraising event, but we’re not too far off to recognize how important it is to stay connected to why we do what we do,” President Betty Glynn said. . “We believe in making a difference. If you attended on Saturday, you were greeted with much love and appreciation for believing in C4C and this community.

The event’s contributors, attendees, volunteers and musicians helped make it a perfect day, organizers said.

“America’s Got Talent 2020 No. 1 winner and an incredibly talented country artist, Austin Edwards grabbed the headlines and gave an impressive performance,” Glynn said. “Austin lost both parents to cancer and was only 6 years old when his mother fought. Austin along with our local talent from Fueled by Whiskey, the Alika Arlynn Band and Country Roots were just amazing.

Anyone wishing to continue contributing to this campaign can do so by visiting www.cops4cancer.com or by mail: Cops 4 Cancer, PO Box 1461, La Salle, IL 61301

Brady Corporation appoints Olivier Bojarski as President of

MILWAUKEE, Aug. 05, 2022 (GLOBE NEWSWIRE) — Brady Corporation (NYSE: BRC) (“Brady” or “Company”), a global leader in identification solutions, today announced the appointment of Olivier Bojarski to the position of from President – Identification Solutions, effective August 25, 2022. Mr. Bojarski will report to Brady President and Chief Executive Officer Russell Shaller and lead the company’s largest global division with net sales for fiscal year 2021 d approximately $841.5 million.

Mr. Bojarski joins Brady from Belden Incorporated, where he served as executive vice president of the broadband and 5G business with global responsibility for connectivity and cable solutions sold in the wired and wireless broadband markets. . While at Belden, he also served as President of Thinklogical, a supplier of high-performance switches for commercial and military applications, as well as Vice President and General Manager of the EMEA Smart Buildings business with responsibility for networking solutions in data centers. , commercial buildings and the contractor market. Prior to joining Belden in 2016, he was Managing Director of a business unit comprised of three global infrastructure companies within the electrification division of ABB Ltd. Prior to joining ABB Ltd., Mr. Bojarski held several positions of increasing responsibility with Panduit Corporation. Mr. Bojarski holds a bachelor’s degree in electrical engineering from the Georgia Institute of Technology and a master’s degree in business administration from Georgia State University.

“Olivier brings extensive global expertise and leadership experience as well as a track record of success in growing top line and bottom line,” Mr. Shaller said. “His strong technical and international experience is a great addition to the Brady team as we execute our growth strategy in identification solutions.

“Brady’s Identification Solutions business is an industry leader with innovative security and identification products and an excellent team of dedicated and talented professionals,” said Mr. Bojarski. “I look forward to working with the Brady team to exceed our customers’ expectations and continue to drive future growth.”

Brady Corporation is a global manufacturer and marketer of comprehensive solutions that identify and protect people, products and places. Brady’s products help customers increase safety, security, productivity and performance and include high performance labels, signs, security devices, printing systems and software. Founded in 1914, the company has a diverse customer base in electronics, telecommunications, manufacturing, electrical, construction, medical, aerospace and various other industries. Brady is headquartered in Milwaukee, Wisconsin and, as of July 31, 2021, employed approximately 5,700 people in its global operations. Brady’s sales for fiscal 2021 were approximately $1.14 billion. Brady’s shares trade on the New York Stock Exchange under the symbol BRC. More information is available at www.bradyid.com.

For more information:
Investor Contact: Ann Thornton 414-438-6887
Media contact: Kate Venne 414-358-5176

Another Phishing Attack That Bypasses Multi-Factor Authentication Targets Microsoft Mail Users


Zscaler cybersecurity research analysts have uncovered a new large-scale phishing campaign targeting Microsoft email users. The primary targets of the campaign are enterprise users, particularly end users in enterprise environments who use Microsoft email services.

image credit: Zscaler

Attackers use so-called Adversary-in-The-Middle (AiTM) techniques to bypass multi-factor authentication (MFA) protections. Microsoft released information about a similar attack in early July. The attack described by Microsoft targeted more than 10,000 organizations and used AiTM techniques to bypass MFA protections.

Zscaler describes the new attack as highly sophisticated. It “uses an adversary-in-the-middle (AiTM) attack technique capable of bypassing multi-factor authentication” and “multiple evasion techniques used at different stages of the attack designed to bypass messaging and security solutions. conventional network security”.

The majority of organizations targeted by the malicious campaign are based in the United States, United Kingdom, New Zealand, and Australia. The main sectors are FinTech, Lending, Finance, Insurance, Accounting, Energy and Federal Credit Union industries.

The attack begins by sending phishing emails to Microsoft email addresses. It all depends on these phishing emails and the users interacting with them. Malicious emails may contain a direct link to a phishing domain or HTML attachments containing the link. In any case, it is necessary for the user to activate the link to trigger the chain of infection.

Similar to the phishing campaign previously described by Microsoft, the uncovered campaign phishing emails use various subject lines to attract users’ attention. One email suggested it contained an invoice to review, another that a new document had been received and needed to be viewed online.

The campaign uses several redirect techniques. For example, he used the legitimate CodeSandbox service in the campaign to “quickly create new code pages, paste a redirect code into them with the latest URL of the phishing site, and mass-mail the link to the code. hosted redirect to victims”.

Phishing sites used fingerprinting techniques to determine if the page visitor is a targeted victim of the campaign or someone else. Zscaler believes this is done to make it harder for security researchers to gain access to phishing sites.

Proxy-based AiTM phishing attacks sit between the user’s device and the target service. They control the flow of data and manipulate it. Ultimately, it retrieves the session cookies generated during the process to access the mail service without having to log in again or complete the login process using MFA.


Phishing campaigns are getting more and more sophisticated, but a common thread for most of them is that they require user activity. Power users know how to scan emails to see if they are from a legitimate sender, but the majority of users lack these skills.

Now you: do you scan emails before opening links or attachments?


Another Phishing Attack That Bypasses Multi-Factor Authentication Targets Microsoft Mail Users

Article name

Another Phishing Attack That Bypasses Multi-Factor Authentication Targets Microsoft Mail Users

The description

Zscaler cybersecurity research analysts have uncovered a new large-scale phishing campaign targeting Microsoft email users.


Martin Brinkman


Ghacks Technology News



Cost-cutting measures from Warner Bros. Discovery ranks CNN employees

  • Warner Bros. travel and entertainment expenses. Discovery have been reduced under a new policy.
  • Staff can no longer afford a free lunch for meetings under three hours.
  • Broader cost-cutting measures are expected following the company’s earnings call.

The chief financial officer of Warner Bros. Discovery’s Gunnar Wiedenfels is looking for cost cuts wherever he can find them to hit a $3 billion synergy target for Wall Street after Discovery acquired WarnerMedia for $43 billion. But CNN users, long accustomed to the spendthrift largesse of former chief Jeff Zucker under the WarnerMedia regime, are bristling at some new aspects of the travel and entertainment policy that went into effect last month.

An article on the chopping block: a free pizza.

Staff typically order lunches to lure colleagues into the office for in-person meetings, a CNN executive told Insider, but it is now stipulated that food cannot be spent on such meetings unless they only last three hours or more. Although employee gifts can still be purchased for bereavement, birth and other life events, according to an email memo reviewed by Insider, they cannot exceed $100 and gift cards and vouchers are not allowed.

The T&E policy details what is allowed for different levels of team meal and retreat management planning, even specifying “no cap” for the CEO. The maximum hotel rate for employee travel has been reduced to $400 per night, although New York’s allowance has increased to $550.

Separately, there have been some difficulties regarding the July switch from conferencing provider Webex to Zoom. At a recent town hall meeting in late July, staff received a message that they could not access the meeting online because it had exceeded 500 people. Some staffers had to huddle in groups around cellphones and laptops to hear the executive speak, the executive told CNN.

CEO Chris Licht, now just over three months in his new role, is expected to hold another Q&A session for staff next week.

Much greater cost-cutting measures are expected to be detailed in Warner Bros.’ earnings call. Discovery Thursday. In June, the company began offering voluntary buyouts in its U.S. sales division, with the goal of eventually reducing 30% of the company’s 3,000-person global sales forcethe Information reported.

A separate person familiar with the speculation inside Turner – which encompasses CNN, TNT and TBS as well as Turner Sports – has suggested that some staff fear between 600 and 800 people will be cut from the sales teams of Turner. Another WBD insider pegged the number at significantly less.

A fourth source familiar with the conversations told Insider that details of the rollout of the soon-to-be-combined HBO Max and Discovery+ streaming services would be discussed during the earnings call.

Discovery+ announced Thursday that it will launch a CNN Originals hub, starting August 19, which will feature CNN movies and series such as Anthony Bourdain’s “Parts Unknown.”

Source Intelligence Acquires Compliance Map

FORT WALTON BEACH, Fla., Aug. 03, 2022 (GLOBE NEWSWIRE) — Source Intelligence, the industry-leading SaaS company for supply chain compliance and transparency, announces its acquisition of Compliance Map, an environmental compliance platform and of the supply chain, as of Monday July 18.

Compliance Map specializes in enterprise software solutions to automate obligations arising from material compliance regulations (such as RoHS and REACH), conflict minerals, extended producer responsibility, supply audit management accountability, country or origin requirements and supply chain transparency.

This acquisition enables Source Intelligence to expand its global presence in Europe and APAC, expand its team of supply chain compliance experts, and enhance its ability to assist clients in a regulatory landscape in constant evolution.

“Having seen Compliance Map build a solid reputation with very satisfied clients over the years, we are excited to integrate their solutions with our software to create the all-in-one compliance and ESG solution for the supply chain. most comprehensive supply,” comments Glenn Trout, CEO of Source Intelligence. “Combining Compliance Map with our software means we can provide a fully integrated customer experience. For current and future customers, it means less risk and uncertainty, and more trust.”

Compliance Map President Anthony Delengaigne is confident in what the two companies will accomplish and how clients around the world will benefit from the fusion of a shared culture and vision.

“Source Intelligence shares the same customer- and people-centric culture and mission as Compliance Map, which has enabled us to deliver quality customer-centric solutions,” says Delengaigne. “I feel inspired by what our collective value team will bring to this shared vision and together we are confident that we can continually evolve and innovate our platform.”

The combination of Compliance Map’s sophisticated software with Source Intelligence’s state-of-the-art database will provide customers with the most comprehensive supply chain compliance software in the world.

“Compliance Map’s impressive software and Source Intelligence’s regulatory expertise and data collection capabilities make a powerful combination,” says Trout. “What excites me the most about the combination of Compliance Map and Source Intelligence is that we will be able to provide our customers with a superior supply chain compliance solution, as well as the foundation most comprehensive and highest quality data available.”

About Source Intelligence: Source Intelligence provides industry-leading supply chain compliance SaaS solutions that streamline the evolving complexities of sustainable sourcing and parts and component management in supply chains. With a team of long-time PhDs, scientists and executives, Source Intelligence solutions deliver positive results for supply chain transparency, obsolescence management, ESG initiatives and more.

About the compliance card: Compliance Map is the world’s most comprehensive environmental and supply chain compliance software with over 120,000 users worldwide. Its sophisticated solutions, along with a team of regulatory compliance experts, help clients manage and automate due diligence obligations for Global RoHS, REACH, EPR, Conflict Minerals and more.

Press contacts: Amanda Lindberg, Director of Marketing

Phone: 877.916.6337

Email: [email protected]

Related images

Figure 1: Source Intelligence Logo

The official Source Intelligence logo

This content was posted through the press release distribution service on Newswire.com.

UK already in recession as cost of living crisis hits household incomes



In a grim assessment by the National Institute for Economic and Social Research, average real disposable income will fall by an unprecedented 2.5% this year and remain 7% below its pre-Covid level until 2026.


It also estimated that the number of households living paycheck to paycheck would nearly double to 7 million by 2024, including 5.3 million without any savings. They will be forced into debt or into arrears as soaring energy bills eat away at incomes, the group said.

The warning of a recession, which the NIESR says has started this quarter and will continue until early 2023, is a stark reminder of the challenges facing the two candidates vying to replace Boris Johnson as Premier minister. Economists have said the depth of the crisis will force the government to respond, suggesting a set target is needed instead of the financial management approach of the past.

He also pointed to calculations showing the economic gap between London and the rest of the UK is widening. This suggests that the government’s flagship policy of “leveling off” less affluent areas is falling short.

The think tank suggested that the UK’s most vulnerable needed extra help in the face of consumer price inflation which it said would hit nearly 11% this year. Retail price inflation, meanwhile – a broader measure used to set increases in train fares and government interest costs, will hit 17.7%, the highest since 1980,

In response, he sees the Bank of England raising interest rates to 3% next year. Unemployment will exceed 5% as demand falls, according to projections.

“It is now up to the Monetary Policy Committee to ensure that inflation comes down next year and to the new Chancellor to support the households most affected by the recession and the squeeze on the cost of living,” Millard said.

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Unschooled – Diary

Is a focus on school the only way to achieve the SDG-4 targets, especially when it comes to educating out-of-school children? In fact, many might see it as part of the problem rather than the solution. This is not intended to ignore the important role that the school plays as a social institution in public education, but rather to highlight its limitations in enabling inclusion by meeting the needs of all children, especially from poor, oppressed and socially marginalized backgrounds. . If this point seems plausible, it is suggested that achieving SDG-4 requires planning and acting on multiple alternative measures to ensure that no child is left behind in the process. education (here, the term “education” is broad and goes beyond schooling).

The world of school and the world of poor children are oceans apart. There is often a contradiction between what is “compulsory” for schools and what is “necessary” for children from disadvantaged backgrounds. The flexibility to reconcile the two is absent and as a result children drop out of school or never attend.

Let’s compare the two “worlds”: the typical school world and snippets of a typical day in the life of a poor child.

The school world is made up of a certain pattern of actions and activities governed by a set of rules and regulations. Some of the processes governed by it could include: admission criteria, fees, schedules, exams, etc. By enforcing the rules and regulations, the school aims to regulate time as well as the mind, body and heart of the subjects i.e. the children. All those who wish to be “students” must comply with the rules established by the school. But such rules and regulations may not be for everyone.

The world of school and the world of poor children are oceans apart.

Compare the demands of school with the world of a child living in poverty. Take the example of a 12-year-old boy who is forced to take on financial responsibility for his family from an early age due to his father’s poor health. What would his usual routine be? This boy’s day would start soon enough. He would go to the sabzi mandi to buy vegetables, organize his vending cart, go from street to street trying to sell his wares, and after working nearly eight to ten hours, he would return home with a small sum of money. money to buy medicine and insufficient food for the family. With such a routine, how can he be present at school in a neat and clean uniform when the bell rings in the morning, signaling the start of the school day?

Thus, the schools’ claims contradict the lived realities of economically disadvantaged and socially marginalized children. Instead of being sympathetic to the situation of these out-of-school children, they are often labeled as ‘illiterate’, ‘uneducated’ and ‘deficient’. Such labeling needs to be questioned – if we were to look beyond the formal literacy box of the formal three Rs (reading, writing and arithmetic), we would find that these children exhibit a high level of intelligence social, interpersonal skills, communication skills, spatial intelligence (critical awareness of social spaces and risks) etc.

A challenge in this regard is that academia, including formal educational institutions, has not developed a reliable ‘translation’ mechanism that can validate these extracurricular literacies and confer the status of ‘legitimate’ knowledge.

There is a need to “de-school” the educational imagination globally to open up alternative ways of learning that appreciate the complexity of the lived realities of marginalized children in society. The process of reinvention can benefit from identifying these children’s “out-of-school literacies” and life situations as starting points and building blocks for improving their quality of life.

It is recommended that in designing inclusive development for out-of-school children, instead of adopting a school-centric approach, a more sensitive view of the edge be adopted in order to rethink inclusive educational and social policies and to design interventions to ensure the well-being and development of marginalized children.

Perhaps the agenda of SDG-4 (equitable, inclusive and quality education for all) could be better served if the whole issue was reframed as “children out of educational reach” instead of “children unschooled”. This inverted view can open up multiple inclusive pedagogical possibilities.

Let us recognize that it is not the children who have “fallen” out of “school”, but rather “school” which seems to “fall” out of their lives.

The author is an educational sociologist and educational ethnographer.

[email protected]

Posted in Dawn, August 2, 2022

Environmental factor – August 2022: Toxic agents can target mitochondria and influence disease, expert says


Environmental pollution is a major global health problem, responsible for around nine million premature deaths a year, according to a recent publication in The Lancet Planetary Health. The study found that ambient air pollution and toxic chemicals created by increasing industrialization and urbanization pose the greatest threat to human health.

“I think it’s worth asking – what do we know about these chemicals?” said Duke University associate professor Joel Meyer, Ph.D.referring to the publication during his NIEHS Keystone Scientific Conference on July 20. “Keeping up with new chemicals in the environment and understanding which ones really matter from a human health perspective is crucial.”

Meyer’s lab studies how environmental agents can affect mitochondrial function and cause DNA damage, setting the stage for disease. (Photo courtesy of Joel Meyer)

His lab focuses on how pollutants affect mitochondria — tiny organelles in our cells that produce energy — and potentially influence disease. Toxicology tests have indicated that many environmental agents target mitochondria, and Meyer aims to shed light on how such exposures can pave the way to poor health.

Advancing key scientific knowledge

“Mitochondria are obviously involved in energy generation and the regulation of cellular apoptosis,” Meyer said. (Apoptosis refers to programmed cell death. Learn more about its important biological functions.) “But they also do a lot of other things. They’re involved in calcium homeostasis, thermogenesis, steroid and heme synthesis, innate immunity, and epigenetics.

With this diversity of biological roles comes a diversity of harm when things go wrong, Meyer noted. Diabetes, cancer, metabolic syndrome and neurodegenerative diseases have all been linked to mitochondrial dysfunction, he told participants.

Daniel Shaughnessy, Ph.D., NIEHS Scientific Health Administrator, and Leroy Worth, Ph.D., Scientific Review Officer at the institute, co-hosted Meyer’s talk.

“Given the central role of mitochondria in a variety of important cellular processes, assessing how toxic exposures affect mitochondrial function is critical as it will help us better understand how cells respond to environmental stress,” Shaughnessy said. . “Dr. Meyer’s research on mitochondrial toxins has important implications for our understanding of the risks of multiple diseases across the lifespan.

Developmental origins of the disease

In 2021, Meyer’s lab showed that in Caenorhabditis elegans, which is a model nematode worm often used in environmental toxicology studies, early exposure to low levels of ultraviolet C (UVC) resulted in mitochondrial DNA damage. Such damage caused health problems later in life, including increased sensitivity to other toxic substances. Humans are not normally exposed to UVC, which is blocked by the ozone layer, but its effects are similar to those caused by polycyclic aromatic hydrocarbons and aflatoxin B1, which is carcinogenic.

Despite the fact that mitochondrial DNA damage was removed by natural processes, over time worms exposed to UVC showed much lower energy levels than worms that were not, observed Meyer and his team.

“One of the big effects we saw was that ATP levels, which normally rise when a worm reaches adulthood and then fall back in older life, followed the same pattern in UVC-exposed worms. , but were consistently, throughout life, 30-50% lower,” he said.

The study suggests that exposure to toxic chemicals can affect organisms differently depending on their exposure history, according to Meyer.

“I would also note that individuals with differences in mitochondrial protein-coding genes, such as disease genes and possibly allelic variants, are likely to be at greater risk for toxic effects from these exposures,” a- he added. “Alternatively, exposures could trigger the presentation of a genetically caused mitochondrial disease. This is critical because at least 1 in 5,000 people suffer from mitochondrial disease.

To learn more about research in this area, visit the Meyer Laboratory website.

Quote: Hershberger KA, Rooney JP, Turner EA, Donoghue LJ, Bodhicharla R, Maurer LL, Ryde IT, Kim JJ, Joglekar R, Hibshman JD, Smith LL, Bhatt DP, Ilkayeva OR, Hirschey MD, Meyer JN. 2021. Mitochondrial DNA damage in early life results in lifelong deficits in redox signaling-mediated energy production in Caenorhabditis elegans. ORP Biol 43:102000.

(Lindsay Key is a contract writer for the NIEHS Office of Communications and Public Liaison.)

Royal Caribbean Group Announces Proposed Convertible Senior Notes Offering to Refinance Existing Outstanding Convertible Senior Notes


MIAMI, August 1, 2022 /PRNewswire/ — Royal Caribbean Group (NYSE: RCL) (the “Company”) announced today that it has launched a private offering of convertible senior notes to be issued by the Company due 2025 (the “Company”). Convertible Notes”) in a set principal amount of up to $900 million. In addition, the Company intends to grant the initial purchasers an option to purchase up to a $135 million principal amount of convertible notes.

“The purpose of the offering is to replace certain of the existing short-term convertible bond maturities with new, longer-term convertible bonds on a non-dilutive basis for shareholders, as described below,” said Naftali HoltzChief Financial Officer of Royal Caribbean Group.

The Company intends to use the proceeds from the sale of the Convertible Notes to redeem a portion of its 2.875% Convertible Senior Notes due November 15, 2023 and 4.25% Convertible Senior Notes June 15, 2023 (the “Existing Convertible Bonds”) (including to pay the fees and expenses of such redemptions) through open market purchases, privately negotiated transactions, takeover bids or otherwise. The Company intends to withdraw the Existing Convertible Bonds so purchased.

“The proposed transaction proactively addresses the near-term maturity of our existing convertible notes,” Holtz said. “With the proceeds of this offering, our intention is to opportunistically repurchase the existing convertible notes, and we have the ability to settle the remaining notes in cash to meet our convertible debt maturities in a manner that is net neutral. for our outstanding shares and share equivalents.”

The Convertible Notes will be convertible at the option of the holder in certain circumstances. Upon conversion, the Company may satisfy its conversion obligation by paying or delivering, at its option, as the case may be, cash, common stock or a combination of cash and common stock.

Convertible Notes are being offered only to persons reasonably considered to be qualified institutional purchasers pursuant to Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”). Convertible Notes will not be registered under the Securities Act or any state securities law and may not be offered or sold in United States failure to register or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.

This press release does not constitute an offer to sell or a solicitation of an offer to buy Convertible Bonds or any other securities and does not constitute an offer, solicitation or sale in any jurisdiction in which such offer , solicitation or sale would be unlawful. This press release is issued pursuant to Rule 135c of the Securities Act.

Caution Regarding Forward-Looking Statements

Certain statements in this press release relating to, among other things, our estimates, forecasts and projections of future performance constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to: statements regarding revenues, costs and financial results for 2022 and beyond. Words such as “anticipate”, “believe”, “could”, “lead”, “estimate”, “expect”, “goal”, “intend”, “may”, “plan”, “project”, “seek”, “should”, “shall”, “should”, “considering” and similar expressions are intended to help identify forward-looking statements. Forward-looking statements reflect management’s current expectations, are based on judgments, are inherently uncertain and are subject to risks, uncertainties and other factors, which could cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied in these forward-looking statements. Examples of such risks, uncertainties and other factors include, but are not limited to, the following: the impact of the global incidence and continued spread of COVID-19, which has had and will continue to have a negative impact f material to our business, liquidity and results of operations, or other contagious diseases to economic conditions and the travel industry generally and the financial condition and results of operations of our Company specifically, such that: governmental and self-imposed travel restrictions and customer cancellations; our ability to obtain sufficient financing, capital or revenues to meet cash requirements, capital expenditures, debt repayments and other financing needs; the effectiveness of measures we have taken to improve and meet our liquidity needs; the impact of the economic and geopolitical environment on key aspects of our business, including the conflict between Ukraine and Russia, such as cruise demand, passenger spending and operating costs; incidents or negative publicity regarding our ships, port facilities, land destinations and/or passengers or the cruise industry generally; concerns regarding the safety, health and safety of guests and crew; our COVID-19 protocols and any other health protocols we may develop in response to infectious diseases may be costly and less effective than expected in reducing the risk of infection and the spread of such diseases on our cruise ships; further impairments of our goodwill, long-lived assets, equity investments and notes receivable; an inability to find our crew or provisions and supplies from certain locations; increased concerns about the risk of illness on our ships or when traveling to or from our ships, which reduces demand; unavailability of ports of call; growing anti-tourism sentiments and environmental concerns; changes in US foreign travel policy; uncertainties associated with conducting business internationally and expanding into new markets and new businesses; our ability to recruit, develop and retain high quality personnel; changes in operating and financing costs; our indebtedness, any additional indebtedness we may incur and restrictions in agreements governing our indebtedness that limit our flexibility in operating our business; the impact of foreign exchange rates, the impact of rising interest rates and fuel prices; settlement of conversions of our convertible notes, if any, into common stock or a combination of cash and common stock, which may result in substantial dilution for our existing shareholders; our expectation that we will not declare or pay dividends on our common stock in the near future; competition in the vacation industry and changes in industry capacity and overcapacity; the risks and costs of cybersecurity attacks, data breaches, protecting our systems, and maintaining the integrity and security of our business information, and the personal data of our guests, employees, and others ; the impact of new or changing laws and regulations or governmental orders on our business; pending or impending litigation, investigations and enforcement actions; the effects of weather, natural disasters and seasonality on our business; the impact of problems at shipyards, including ship delivery delays, ship cancellations or increases in ship construction costs; unavailability of the shipyard; the unavailability or cost of air service; and the uncertainties of a foreign legal system because we are not incorporated into United States.

In addition, many of these risks and uncertainties are currently exacerbated by, and will continue to be exacerbated by, or may be exacerbated in the future by, the COVID-19 pandemic. It is not possible to predict or identify all of these risks.

Forward-looking statements should not be relied upon as a prediction of actual results. Undue reliance should not be placed on the forward-looking statements contained in this press release, which are based on information available to us as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Royal Caribbean Group

Royal Caribbean Group (NYSE: RCL) is one of the world’s leading cruise lines with a global fleet of 64 ships traveling to approximately 1,000 destinations worldwide. Royal Caribbean Group owns and operates three award-winning cruise brands: Royal Caribbean International, Celebrity Cruises and Silversea Cruises and also owns 50% of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. Together, the brands have 10 additional ships on order from June 30, 2022. Learn more about www.royalcaribbeangroup.com Where www.rcinvestor.com.

SOURCE Royal Caribbean Group

Agency market now targeting $9 billion after record spending in June, Q2, H1 and fiscal year: SMI


The Australian news agency market has emerged stronger and more confident from the COVID pandemic, with Standard Media Index year-end ad spend revealing record levels of ad spend for the month of June, the June quarter and fiscal year 2021/22.

June’s total ad spend rose 0.4% from last year’s all-time high to a new all-time high of $775 million, resulting in a 7.1% increase in ad spend in the June quarter to a record $2.26 billion, up $150 million from the second quarter of 2021 and on schedule to grow 10.6% year-on-year to a record $4.2 billion.

Radio increased by 1.6%, with overall audio increasing by 4.2%.

And the managing director of SMI AU/NZ Jane Ractliffe says it all culminated in an extraordinary result for fiscal year 2021/22, with the Agency’s total billings increasing by $1.1 billion from the previous fiscal year to $8.8 billion, representing growth of 14.5%.

She says, “SMI’s latest fiscal year ad spend detail confirms that the Australian market is well past the COVID period, with total fiscal year ad spend now 6.4% or $528m higher than of the pre-COVID 2018/19 period.

“The data also confirms continued growth in agency advertising spend in Australia, with the market arguably on track to reach

$9 billion next year, after growing more than 35% – or $2.3 billion – in the past ten years (since fiscal year 2011/12).”

And Ractliffe says the fiscal year record also remained when government category ad spend was removed to normalize data for all federal elections, with total ad spend growth still up 7.4% on this basis.

Ractliffe also says SMI data proved the Australian and New Zealand markets were also more resilient in June than their global counterparts, with New Zealand also reporting a slight increase in ad spend in June (+0.2%) while whereas, on the other hand, US data from SMI has just revealed the first drop in this market in 22 months (-3% YOY); while in Canada the market fell 4% in June and in the UK the drop was 13%.

She says, “It’s clear that advertisers in our region are more confident about the future than those in the northern hemisphere, as they continue to invest heavily in their media investments.

In Australia, the key product category trend this year has clearly been the phenomenal growth in government advertising spending, with a total increase of $200 million over the prior year to over $550 million, surpassing the automotive brand category as the second largest in our market.

Another key trend has been the return of ad spend in the Travel category, with the total increasing by 31% this fiscal year and continuing to improve its ranking in each period, so that in the month of June, travel is become the fourth market in the market, increasing by 36.6% per year. -on-year.

Among major media, standalone digital media saw the strongest gains in June and for the full year (+10.9% and +25%), with video media increasing 7.7% over the fiscal year, audio advertising spending increasing 11.2%, news media advertising spending increase 3.3%; Magazine revenues increased 5.7% and cinema ad spend more than doubled this fiscal year to $59.3 million.

Ractliffe says, “But as all traditional media outlets continue to increase their digital-related ad spend, it’s clear that the biggest shift from the COVID pandemic has been the continued growth of standalone digital media, with total ad spend shifting to standalone digital since fiscal 2019/20 period now just above $900 million.

The wealth of women is increasing. When will finance catch up?


The Euro 2022 women’s football championship has drawn record crowds, filling huge stadiums that until very recently were reserved for men’s matches. If there was any doubt about the commercial viability of women’s football, Euro 2022 showed that with enough commitment, change can happen very quickly.

Other social changes are taking place more discreetly, but they are no less revolutionary.

More than 60% of Britain’s assets will be in the hands of women by 2025, according to a forecast by the Center for Business and Economic Research. This means that older women in particular will need to engage in more financial planning.

Several factors contribute to this change. There are twice as many women as men aged 90 or older, for example, and divorce rates among retirees, known as “money splitters,” are rising even as the total number of divorces falls. This often leads to older women taking on greater financial responsibility at a stage in life when many are looking to make things less complicated.

Among the myriad of issues older women can face, two stand out.

The most pressing issue is usually how to generate retirement income. In the past, there might have been pension income from the spouse to inherit, as well as a share of their partner’s state pension. Nowadays, a pension is more likely to take the form of a lump sum from which cash is withdrawn. It places a lot more burden on individuals to ensure that they are not living beyond their means.

For all its flaws, it’s worth remembering the 4% rule, which involves withdrawing 4% of your nest egg in your first year of retirement and increasing the drawdown in line with inflation thereafter. Many advisors today, however, consider that to be rather high. It also assumes that 50% of your fund is exposed to the stock market.

The second issue is that the default UK Inheritance Tax (IHT) advice is that all assets should pass to the surviving spouse after death. Indeed, a widow, or a widower, can inherit the estate of her partner totally free of inheritance tax and also assume her IHT allowances. Yet while this is tax efficient, it places a significant management burden on an often elderly partner.

For young women, the financial challenges can be very different. Income imbalances begin to be corrected by the better educational results of women. In the UK, women are now 35% more likely to apply to university than men, and according to the country’s Joint Council for Qualifications, 46.4% of girls achieved A* or A grades at level A in 2021, compared to only 41.7% for boys.

Women also tend to make better investors, but are attracted to more conservative savings vehicles, such as deposit accounts and individual savings accounts (ISAs). While useful for short-term savings and emergency funds, these products are not suitable for building longer-term wealth.

Historically, women have opened six times more cash ISAs than ISAs allowing for investing in stocks and shares; meanwhile, men are 25% more likely to invest in stocks and stock ISAs than women. Helena Morrissey, president of financial platform AJ Bell, once described this preference for conservative savings accounts as “recklessly cautious”.

As a general rule, the longer your investment horizon, the greater your exposure to stocks and funds should be. Thus, for young women who invest for their retirement, it is advisable to have a significant exposure to the stock market. There is plenty of time for suitably diversified investments to recover from any mid-market volatility.

However, a big problem for men and women is which investment fund to choose. The Hargreaves Lansdown investment platform alone offers more than 3,000 funds. The variety can be overwhelming to the point of paralysis. Faced with so many choices, many novice investors choose to avoid the problem altogether.

Although a financial adviser can help you solve this problem, there are cheaper options. Many online brokers offer what is called robotic advice. A short survey determines your investment objectives and your appetite for risk and offers you a selection of suitable funds at low cost. For most people, simply starting to invest is far more important than precisely what they invest in, especially if the alternative is lengthy procrastination.

Comprehensive financial advice is essential for more complex issues, however, especially for people, usually women, who suddenly find themselves inheriting sole control of assets previously managed by their partner.

Many financial advisors recognize that their traditionally male industry has a problem with how it communicates with women. Consulting firm Schroders commissioned a report with several specific recommendations. The most basic is involving spouses in the conversation from the start and taking the time to understand a woman’s story and her support infrastructure.

At a broader level, the industry would benefit from recruiting more women as consultants. Although the situation is slowly improving, the Personal Finance Society estimates that only 22% of registered financial planners in the UK are women.

The Euro is just one demonstration of how, with enough support and enforcement, change can happen faster than people realize. The world of finance has some serious catching up to do to reflect the growing wealth of women.

This column does not necessarily reflect the opinion of the Editorial Board or of Bloomberg LP and its owners.

Stuart Trow is co-host of “Money, Money, Money” on Switch Radio and author of “The Bluffer’s Guide to Economics.” Previously, he was a strategist at the European Bank for Reconstruction and Development.

More stories like this are available at bloomberg.com/opinion

Cost of living crisis: Prime Minister Jacinda Ardern says we’re in business with the rest of the world


As the cost of living crisis shows no signs of abating, we take a look at some of the creative ways Kiwis across the country are saving money. Video / NZ Herald

Prime Minister Jacinda Ardern said she would be prepared to take an “honest” look at the drivers of inflation in New Zealand, but reiterated the country was in company with the rest of the world.

During TVNZ’s Q&A this morning, Ardern said the cause or driver of inflation came from global impacts rather than government spending, despite the fact that basic government spending was increased by 11% , excluding the Covid relief program, every year since 2018.

“It’s too simplistic for that to be a factor and I’ll let the Reserve Bank speak for itself if they consider that as well,” she said.

“I’m happy to honestly reflect on what gets us to this point, but when I look at the fact that we’re in such a business, whether you’re looking at Asian economies, economies in Europe or the United States, Canada or in Australia – we all have that experience.”

She said the government was willing to do what was needed to provide relief to the Kiwis and would continue to do so if inflation continued to rise.

Pressed on whether the $350 cost-of-living payment, the first installment to be deposited into the two million bank account on Monday, would only add to inflation, Ardern said it should have an impact minimal.

“The advice we received from the Treasury was that because it was time-bound and targeted, it would reduce the potential impact on inflation,” she said.

Targeting the winter energy payment, she said she was maintaining the fact that 80% of New Zealanders, some of whom would not need it – such as millionaires, are receiving this cash injection.

“So yes, global inflation, we’re having a tough time but we also expect it to go away and we’re well positioned to recover because there are so many other parts of our economy that are strong.”

“The responsibility we have is to help New Zealanders get through this and that’s where you’ll see we’ve been so focused on where we can reduce that pressure.

“You will see that we have tried to be nimble to the circumstances that we see and we will continue to see what impacts this has on New Zealanders and do what we can, we have a long way to go to get food costs down. down which is another big project for us.”

Ardern dismissed the opposition party’s idea that some spending, such as the restructuring of the health care system and a merger with TVNZ, has played on inflation.

“The opposition coming to us and saying their response would be to see a reduction, that is, a reduction in education, health care, law and order – where these investments Significant amounts have been spent maintaining and growing the services that New Zealand relies on.”

She wondered where a reduction response would impact the current inflation situation.

The cost of road construction | Features

How far would you drive for your favorite local business?
By Jillian Manning | July 30, 2022

Michigan is known for its four distinct seasons: fall, winter, again winter, and road construction. And while we put up with the construction season’s delays and detours for its main benefits — days of blue skies, green trails, and finally warm enough waters — those orange cones herald more than fresh asphalt for some local businesses. Road closures and detours can negatively impact the bottom line of NoMi businesses, especially those that rely on tourist traffic.

take a ride
The final clash of cones and commerce takes place on M-66. If you’ve driven the highway lately, you’ve seen “Road closed” or “Bridge Out” signs as you approach the section between Charlevoix and East Jordan. And if you took one of the two recommended detours, you got a 67-73 mile, albeit scenic, ride you might not have expected.

On July 11, the Michigan Department of Transportation (MDOT) launched a $1 million replacement project on the culvert that carries Monroe Creek (an offshoot of the South Arm of Lake Charlevoix) under M-66. The project is expected to last until September 2.

“During inspections, our maintenance staff discovered a separation in sections of the existing 72-inch steel pipe culvert at this location, which is causing under-pavement erosion and settlement issues, requiring replacement,” said James Lake, MDOT North Region. communication Manager. “We are replacing it with a 17-by-11-foot elliptical aluminum culvert, which is lighter to help avoid future settlements and will improve the flow of Monroe Creek.”

Although M-66 is only closed to through traffic between Lord and Lacroix Roads where the culvert is – approximately 1 mile – any traffic not heading to a destination along M-66 is rerouted along two long detours. MDOT cannot route trucks and other commercial vehicles on neighborhood roads or county roads, which means they must stick to state highways. And with Lake Charlevoix lining the east side of M-66 and virtually no major roads available to the west, MDOT was forced to get creative.

The first recommended detour takes you south on M-66 from East Jordan to Mancelona, ​​jogs west and north on M-88 to the top of Torch Lake, then brings you onto US-31 to Charlevoix where you can meet M-66 again. In total, the full detour is 73 miles and 1 hour and 30 minutes, according to Google Maps.

The alternative detour is only a little shorter. Southbound M-66 takes you to M-32, cruises near Elmira, hops on US-131 north to Petoskey, then follows US-31 along the coast through Charlevoix and heads south on M-66. This route is 67 miles and 1 hour and 23 minutes.

“Detours are important,” Lake acknowledges, “but that’s because we needed to identify detours on state highways that are built to accommodate commercial vehicles.”

The grass ain’t greener
Aquatic life may be happier with their new culvert this fall, but several nearby business owners fear the project will eat into their summer profits.

“We found that the fairly immediate impact reduced our business by at least 50%,” says Paul Vermeesch, co-owner of Stonehedge Gardens with his wife, Cindy.

Located 4 miles north of Lacroix Road on M-66, the rustic storefront is surrounded by flower-filled gardens, and the shop itself houses works by local artisans, housewares, antiques and specialty jewelry, this which makes it a popular summer stopover.

“We’re a seasonal business because most are here, and those are the busiest two months of the year,” says Paul, adding that July and August are the months when the business gets the most revenue. operating to maintain it for the next one. 10 months.

But Stonehedge falls on the wrong side of the shutdown for people coming from south or central northern Michigan, and even as far north as Petoskey drivers are advised to avoid M-66 and take the detour at the place.

“We’re definitely missing a lot of traffic,” Cindy said. “There won’t be that road traffic that we normally get.” She says she’s grateful that many locals know about the secondary roads, but fears that those who don’t will be put off by the closure and that visitors to the area will have no idea how to find Stonehedge.

Other affected businesses along the M-66 corridor north of Lacroix include Hungry Ducks Farm, Castle Farms, The Landing restaurant and Otis Pottery, to name a few. Right in the middle of the construction zone is Elm Pointe Park and Natural Area. The park is open, confirms the City of East Jordan, and the 59th annual Portside Art Fair remains scheduled for August 6-7, though attendees may need to do a little magic to get there.

The timing is tough for businesses, but MDOT had its own schedule restrictions.

“MDOT is not exempt from following fishing restrictions set by various wildlife organizations,” says Brad Swanson, construction engineer on the project. “We knew with a project like this, we had to be out of the river on October 1st for their needs.”

Swanson says the 8-week deadline couldn’t have fallen before Memorial Day (again, for fish restrictions) and MDOT wanted to avoid working on busy holidays like Memorial Day, July 4 and Labor Day. There would also be no time to complete the project in the fall, and Swanson says they were very aware of the return to school, which could have caused problems with buses.

“It was the best 8-week window to be able to combine other restrictions, holiday restrictions, mobility, tourism, as well as comply with these environmental restrictions,” says Swanson.

give us a sign
The Vermeeschs say they understand why the culvert replacement is underway and the MDOT had little choice in routes or timing – “it’s also a seasonal business,” jokes Paul – although they would have liked to have been informed of the project. so they can plan their summer and budget accordingly.

Cindy says they first heard a rumor about the culvert replacement and M-66 closing in February, but couldn’t confirm it with MDOT or their chamber of commerce. It wasn’t until Paul saw a sign advising drivers that construction would start in early July that they knew the project was underway.

Lake confirms that signage is one of the primary methods used by MDOT to raise awareness of plans, along with press releases, social media posts, and posting information to the travel site Mi Drive (Michigan .gov/drive). “We hope people see the news and the other methods we use to warn them, but often drivers, commuters and residents see these signs that they pass by every day,” he says.

Having only a few days to prepare for the closure has been a bit of a blow for Stonehedge Gardens. “[MDOT is] do whatever they can on a very necessary project,” says Paul. “I guess our only disappointment is not knowing [the project was happening], where we could adjust our purchases, advertising, signage, things like that. It affects our bottom line… getting out of COVID and all that is a tough road to walk.

Asked if the MDOT plans to help drivers know that M-66 companies are hungry for customers, Lake said, “We don’t have any signs specifically warning drivers that companies are hungry. accessible on the M-66, but we still see a lot of traffic to the north and south of the project location despite the closure We have added additional signs [last] week to help reinforce the message that the road is closed to through traffic and direct drivers to the detour. Complete closure of this project will allow our contractor to complete its work in a safer and faster manner, which will reduce the overall impact duration of the closure and detour.

Be sure to skip the Lord to Lacroix section of M-66, but as long as you’re not driving a tractor-trailer, there are plenty of safe and easy ways to navigate around the closure and reach businesses in the area. M-66. If you don’t have a Maps app to do the work for you, call the company you’re trying to reach and they’ll do their best to help you.

A not so rare situation
The tricky combination of roadwork closures and local business revenue has been a hot topic in northern Michigan for the past few years. For example, the Groleau Farmers Market in Traverse City was heavily impacted by a traffic circle installed on Hammond and Four Mile Roads in the summer of 2021. In June, they told 9&10 News they had seen a drop 75% in ice cream sales and a 50% drop. percentage drop in product sales.

Similarly, Rare Bird Brewpub in downtown TC found itself at the crossroads of two bridge projects in 2021. The restaurant-slash-brewery is located on Lake Avenue between Eighth and Cass streets, and, for much As of last summer, both the Eighth Street Bridge and the Cass Street Bridge were under construction.

Co-owner Tina Schuette says there was a “noticeable” change in business once construction began, to the tune of a 25-30% drop year-on-year. She notes that thankfully the city has been able to keep businesses informed in terms of timing, so neither the work nor the slowdown came as a surprise.

Rare Bird has focused its efforts on raising awareness among residents. “We posted messages on social media, sort of for locals to say, ‘Just so you know, tourists are having trouble finding us and it’s quiet! ‘” Schuette said.

Ducati announces record sales for the first six months of 2022 – Roadracing World Magazine


Ducati announces deliveries, sales and operating profit for the first half of 2022

Record turnover for the first half of 2022: 542 million euros, the highest figure ever recorded for Ducati in the first six months of the year

68 million in operating income, up compared to the first half of 2021

33,265 motorcycles delivered, the Multistrada V4 confirms its position as the most popular motorcycle among enthusiasts

Demand remains high with backlog up 86% year-on-year

Borgo Panigale (Bologna, Italy) – Ducati concludes the first six months of the year with excellent results, despite the challenges imposed by the current supply and logistics crisis. During the semester from January to June 2022, the company’s turnover increased by 5.4%, from 514 to 542 million euros. This is the highest figure ever recorded by the motorcycle manufacturer in the first six months of the year.

Operating profit also improved and increased by +14.8%, from 59 to 68 million euros compared to the same period in 2021.

The Bologna-based motorcycle manufacturer delivered a total of 33,265 motorcycles to enthusiast customers, containing a loss of deliveries of -3.6% compared to the same period in 2021 (34,515). This result was achieved thanks to great flexibility, constant dialogue with the partners and the union, despite the difficulties linked to the supply crisis.

Claudio Domenicali, CEO of Ducati: “2021 has been a record year for Ducati with the best result ever in terms of deliveries, revenue and operating result. 2022 is proving to be a more difficult year: despite strong demand from enthusiasts, as evidenced by the order portfolio which at the end of the first half is up +86% compared to the same period of 2021, the strong discontinuity in the world of logistics and supply remains.However, we have managed to obtain results satisfactory given the context in which we operate, particularly in terms of turnover, which is the best ever recorded in the first six months of the year. I would like to thank once again all the enthusiasts who continue to support us choose, and I personally apologize to anyone who has had or will have to wait longer than necessary to receive their bike.

Henning Jens, CFO of Ducati: “Ducati’s financial performance in the first half of 2022 again shows solid business improvement over the prior year. Given unpredictable supply chain challenges, including significant increases in the cost of raw materials and parts shortages, this result proves the great resilience of our financial structure and the flexibility of our operations. With 542 million euros in turnover, we reached a new record, driven by very strong demand from our customers. Also based on fixed cost discipline and improved margins, we could even increase operating profit to 59-68 million euros by 14.8% compared to the same period of 2021. a very solid liquidity position, we will continue our investments in the qualitative growth of Ducati with new attractive premium products.

The Chinese market is growing

Italy is confirmed as the first market for Ducati with 6,028 motorcycles delivered, followed by North America with 5,239 units, Germany with 3,745 motorcycles and France with 2,647. The figures are significant in China, which reached +12% with 2,411 motorcycles delivered.

The Multistrada V4 remains the best-selling motorcycle

Since its launch in 2020, the Multistrada V4 has enjoyed growing success with enthusiasts. Over time, it has been able to meet the expectations created, establishing itself as an ideal bike for any type of trip and taking its place among the most popular models in the Ducati range. Also for the first half of 2022, the Multistrada V4 is the most delivered motorcycle with 6,139 units. Next is the Monster, with 4,776 motorcycles delivered, and the Scrambler Ducati 800 family with 3,999 motorcycles.

Future investments and network expansion

Thanks to its solid financial situation, Ducati continues its ambitious development path that will lead the company to improve and develop further, also by entering new market segments, always respecting its values ​​of Style, Sophistication , Performance. All investments for technological development and product and process innovation are self-financed.

The continuous improvement and expansion of the global sales network, with the aim of serving the Ducatisti community around the world, is also an important part of the company’s growth path. Through the digitalization of processes and the omnichannel within its dealerships, Ducati wants to guarantee its enthusiasts an unforgettable experience that reflects the values ​​of the company. To date, the Ducati network has 797 dealerships in more than 90 countries around the world, 21 of which were opened in the first six months of 2022.

Reservoir Media publishes its first ESG report


NEW YORK, July 29 10, 2022 (GLOBE NEWSWIRE) — Reservoir Media, Inc. (NASDAQ: RSVR) (“Reservoir” or the “Company”), an award-winning independent music company, today released its first environmental, social, and governance report. (ESG), which details the Company’s global ESG goals and progress against those goals, and reinforces the Company’s strong commitment to corporate social responsibility.

Golnar Khosrowshahi, Founder and Managing Director of Reservoir, said: “We are proud to publish our first ESG report in our first year as a public company, as it shows our commitment to having a positive impact for all of our parties. stakeholders, including our employees. , communities, customers, shareholders and industry. Music has a powerful and growing global influence, and Reservoir and our roster of creators will aim to extend our impact to promote sustainability efforts, diversity and advocacy within our company and beyond.

Highlights of the report include:

Environmental impact and the fight against climate change

  • The majority of Reservoir’s assets are owned digitally, with only 9% of our total revenue generated from the physical product.
  • The Company conducts 99% of its royalty distributions electronically and will continue to strive to completely eliminate physical distributions.

Social responsibility and diversity

  • Reservoir is proud to be founded and led by a woman, a key distinguishing factor from our industry peers, and boasts that women hold 49% of leadership positions (VP ​​and above) in many departments and business areas of the company.
  • The Company conducted an employee satisfaction survey in 2022, with an 85% response rate from its staff. In particular, 89% of respondents answered Totally agree or Agree with the following statement: “I am proud of the diversity of the Reservoir team”. Additionally, 93% of respondents certified that they agreed or strongly agreed that they were proud of the diversity of the company’s roster of creators.
  • Reservoir experienced no management team turnover and a 6.25% turnover rate among full-time staff for fiscal year 2022, which is well below the national rate of 57.3%, according to the Bureau of Labor Statistics 2021 report.

Governance and Oversight

  • On average, Reservoir Board members have 19 years of leadership experience in music, entertainment and finance.
  • 7 out of 9 members of the Board are non-employee Directors and considered independent, within the meaning of NASDAQ rules.

About Reservoir Media, Inc.

Reservoir is an independent music company based in New York and with offices in Los Angeles, Nashville, Toronto, London and Abu Dhabi. Reservoir is the first independent music company founded and led by a woman in the United States. #1 releases in the world. Reservoir holds a regular share of the Top 10 in the U.S. market according to Billboard’s Publishers Quarterly, was twice named Publisher of the Year by Music Business Worldwide’s A&R Awards, and won Independent Publisher of the Year at the Music Week Awards 2020 and 2022.

Reservoir also represents a wealth of music recorded through Chrysalis Records, Tommy Boy Records and Philly Groove Records and manages artists through its businesses with Blue Raincoat Music and Big Life Management.

Media Contact
Reservoir Media, Inc.
Suzy Arrabito
Vice President, Marketing and Communications
[email protected]

Contact Investor
Alpha IR Group
Alec Buchmelter or Alec Steinberg
[email protected]

Source: Reservoir Media, Inc.

EY set to post $45.4 billion in global revenue


EY has told staff it expects to report record global revenue of $45.4 billion for its latest financial year, as attempts to win support from top executives for a dissolution of its audit and of advice drag on.

Accounting firm Big Four released the figure during a call to its 312,000 employees worldwide, hosted by chairman and chief executive Carmine Di Sibio.

Revenue represents a 13.5% increase from the $40 billion in revenue EY reported for its prior fiscal year, which ended June 2021. Revenue was up 16.4% in currency local, people at the company said. EY typically releases its global earnings in September.

The jump follows a booming demand for professional services firms. All of the Big Four – which also include Deloitte, KPMG and PwC – saw sales increases last year.

PwC boss Bob Moritz told the Financial Times this month that he expected his firm to report record revenues of around $50 billion for the 12 months to June 2022. companies do not disclose their global profits.

Staff received little new information about EY’s proposed severance during Thursday’s call, according to people at the company. The split would be the biggest upset for a Big Four group in two decades.

EY plans to spin off and IPO its consultancy business, which offers advice, consultancy and managed services to companies, to free it from conflicts of interest that prevent it from winning work with its clients. ‘audit.

A spin-off would bring millions of dollars to thousands of partners if it goes through, but it must first win the support of the company’s global leadership before it goes to a vote in each of the national member companies that make up the EY network.

Di Sibio told the FT this month he hoped to have a decision “within the next two weeks or so” on whether EY’s global leadership intended to conduct country-by-country votes. But others within the company said the deadline for making a decision on whether to sue seemed to be slipping.

EY declined to comment.

Westhaven increases the size of the private placement without intermediary

VANCOUVER, British Columbia, July 27, 2022 (GLOBE NEWSWIRE) — Westhaven Gold Corp. (TSX-V: WHN) announces that it is increasing the size of its previously announced proposed non-brokered private placement financing. In accordance with the Company’s July 25e, 2022, press release, the placement was to consist of up to 6,818,182 flow-through (FT) common shares of the Company at a price of $0.44 per FT share for gross proceeds of up to $3,000,000. The placement will now be for up to 9,739,847 common shares of FT to raise gross proceeds of $4,285,533. The financing is expected to close on July 29, 2022. All other terms of the offering remain unchanged.

The gross proceeds of the offering will be used to incur “Canadian exploration expenses” (as defined in the Income Tax Act (Canada)) related to Westhaven’s projects in British Columbia, Canada. The Company will waive these expenses to purchasers with an effective date no later than December 31, 2022.

The private placement is subject to the approval of the TSX Venture Exchange. Westhaven may pay finder’s fees to eligible intermediaries as permitted by applicable securities laws and the rules of the TSX-V. All securities issued under the Offer are subject to a four-month hold period, during which time the securities may not be traded.

On behalf of the Board of Directors

“Shaun Pollard”

Shaun Pollard, Chief Financial Officer

Such. : 1.604.681.5558 Extension: 103
[email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This new version contains forward-looking statements. These statements are based on current expectations and assumptions which are subject to risks and uncertainties. Actual results could differ materially due to factors discussed in the “Management Discussion and Analysis” section of our interim and most recent annual financial statements or other reports and documents filed with the TSX Venture Exchange and regulatory authorities. Canadian Securities Regulations applicable. We undertake no obligation to update forward-looking statements, except as required by securities laws.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “United States Securities Act”), or any state securities law and may not be offered or sold in the United States or to or for the account or benefit of a United States Person (as defined in Regulation S of the US Securities Act) unless registered in under the US Securities Act and applicable state securities laws or an exemption from such registration is available.

About Westhaven Gold Corp.

Westhaven is a gold-focused exploration company advancing the high-grade discovery of the Shovelnose Project in Canada’s newest gold district, the Spences Bridge Gold Belt. Westhaven controls 37,000 hectares (370 square kilometers) with four 100% owned gold properties spread along this underexplored belt. The Shovelnose property is located near a major highway, close to power, rail lines, major producing mines and within commuting distance of the town of Merritt, resulting in low cost exploration. Westhaven trades on the TSX Venture Exchange under the symbol WHN. For more information, please call 604-681-5558 or visit the Westhaven website at www.westhavengold.com.

ABSTRACT-Cost of living crisis? European consumers continue to spend


Europe’s biggest consumer-focused companies are not seeing a shortage of demand despite a cost-of-living crisis, prompting several to revise their sales forecasts for the current year upwards.

Britain’s Reckitt Benckiser, maker of cleaning products Dettol and Lysol, raised its full-year sales forecast on Wednesday after sharp price increases helped it beat sales expectations for the second trimester. o France’s Danone also raised its full-year revenue growth forecast after second-quarter like-for-like sales beat analysts’ estimates on strong demand for baby food and bottled water.

Like rival Unilever, Reckitt and Danone have relied primarily on price increases to generate revenue. The biggest question for investors is how long this will continue. “What we have seen is that the consumer has accepted these price increases but inflation is not coming down,” said Ashish Sinha, portfolio manager at Unilever and shareholder of Reckitt, Gabelli. “So as inflation rises, it raises questions about the elasticity of demand.”

Shops and supermarkets in Britain raised prices by 4.4% in the 12 months to July, the biggest rise since such records began in 2005, reflecting rising food costs and transport, the British Retail Consortium said on Wednesday. Even McDonald’s, which offers some of the cheapest high street meals, said on Wednesday it would raise the price of a cheeseburger by 20p to 1.19 pounds ($1.44) – the first increase in 14 years .

LUXURY GOODS IN HOT Middle- and upper-income households have been able to build up substantial savings during the pandemic as restrictions have made everything from vacations abroad to dining out more difficult. Although some of these savings have since been eroded by inflation, they still have more flexibility to purchase higher-end items.

In contrast, low-income households have been proportionally more affected by inflation than wealthier households, as more of their income is spent on essential items ranging from food to fuel and shelter. The increased affluence has led to a growing demand for luxury items such as sports cars and designer handbags.

LVMH, the world’s largest luxury goods company, reported better-than-expected second-quarter sales on Monday, with robust growth in the United States and a recovery in Europe offsetting lower revenue in Asia. “We have double-digit growth with most of our brands, so we can’t complain about European customers. On top of that, we have significant tourist activities in Europe,” said LVMH’s chief financial officer, Jean-Jacques Guiony.

American tourists vacationing in London spent more due to the strong dollar. For now, the increased prosperity of affluent consumers is offsetting the hit to the incomes of low-income people who spend less.

Automaker Mercedes, healthcare company GSK, chocolate maker Lindt and sportswear maker Puma also raised their sales forecasts this week. “This is one of those times where investors look at these results in Europe and think that…business has held up,” said Danni Hewson, financial analyst at AJ Bell.

($1 = 0.8293 pounds)

(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)

Unemployed workers wrongly accused of fraud can ask the state for money | app


DETROIT (AP) — Thousands of people who have been wrongly accused of fraud When claiming unemployment benefits can seek financial assistance from the state, Michigan’s Supreme Court ruled on Tuesday, breaking new ground when someone claims their constitutional rights have been violated by the government.

“The State is prohibited from violating the rights guaranteed by the Constitution. If he does, he is liable for the harm he causes,” Judge Megan Cavanagh wrote in a 4-3 opinion.

The three dissenters were Republican-appointed judges.

An automated computer system used during Governor Rick Snyder’s administration was a disaster over a two-year period. People have been accused of cheating to get unemployment assistance. They were forced to repay money, with heavy penalties, before the Unemployment Insurance Agency finally admitted widespread errors that affected more than 40,000 people.

Although the refunds have been scattered, the state is still being sued by people who claim their due process rights – a right to be heard – were violated as they tried to untangle themselves from the mess.

Some victims have had to hire lawyers to fight false findings of fraud. Others have gone bankrupt, lost their wages, suffered from poor credit or struggled to find jobs and housing.

The state Supreme Court has said it has the power to intervene, particularly when the Legislature has failed to introduce legislation that provides a remedy for people whose rights have been violated by the state.

“For our Constitution to work, the fundamental rights it guarantees must be enforceable. Our basic rights cannot be mere ethereal hopes if they are to serve as the foundation of our government,” Cavanagh wrote.

Dissenting, Judge David Viviano said the majority opinion was “love at first sight” with “a breathtaking sweep”.

“This represents a gross excess given that the judiciary has now seized the legislature to fashion remedies for all sorts of constitutional violations. … A deluge of cases and an inflated taxpayer liability will surely ensue,” said Viviano, who was joined by Judge Brian Zahra.

Viviano said it was the job of the Legislative Assembly to approve a solution if there was to be one.

Follow Ed White on https://twitter.com/edwritez

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

I bought Ford stock for my son at $11 before Q2 earnings (NYSE:F)

John Hetfleisch


We have a young child and have created a small UTMA (Uniform Transfers To Minors) account for him. We have set up limit buy orders for Ford (NYSE:F) in this account at $11 (corresponding to a FW PE only about 6.2x as you can see from the table below). And in the last few weeks, these orders have been triggered and we have accumulated some actions.

And that brings me to the thesis of this article – the developments that squeezed F prices down to as little as $11. There are indeed some headwinds, fairly strong headwinds, horizontally. And you’ll see that the difficult environment in China is one of the main ones, followed by raw material costs and global supply chain disruptions. In addition, there is also the possibility of an 8,000 layoff as mentioned in a Bloomberg report (unconfirmed by F though). These are things I will be looking forward to hearing from management during the Q2 report.

However, for accounts (like our UTMA account) that can wait out these short-term issues, F’s current conditions will offer favorable return potential even if he loses half of his earnings, as shown below.

Ford Engine PE Report

Looking for Alpha

Our UTMA account holdings

More details about our UTMA can be found in our recent article or on this Fidelity page (where our account is). In case this interests you, the key considerations for us to have such an account boil down to 3 buckets. First and foremost, provide a nest egg for our son. Second, use it as a teaching tool for him to learn about investing and financial responsibility (it’s a wish and we’ll see how it turns out when he’s old enough). And finally, it offers certain tax advantages and the time horizon to accommodate more aggressive investment ideas. Our current holdings are listed below. A few comments :

  1. Due to our relatively small account size and time horizon, we hold an even more concentrated portfolio than our other accounts. You need to adjust your diversification and exposure accordingly.
  2. For performance tracking purposes, I used prices from July 11, 2022 (when I first published this portfolio) on SA as the entry price. This makes it easier for readers to check and track its performance even if I have held certain stocks for a while. It has led SPY by a small margin of 2.9% since then, adjusted for dividends.
  3. The actual size of our portfolio is considerably smaller and the starting size of $100,000 for this model portfolio serves only to simplify calculations and remove the role of rounding errors.

Assets in UTMA account


Ford’s second-quarter earnings: China and layoffs take center stage

Management and the market have already worried about the Chinese front. As an example, the following Q&A exchange during its first quarter results reflected these concerns (abbreviated and underlined by me):

Question from Mark Delaney (Goldman Sachs): … we unfortunately had the war and also the new COVID restrictions appear in China. I hope to better understand how Ford always achieves this 10% to 15% growth?

Response from Jim Farley (F CFO): It really comes down to commodities — the semiconductor commodities that have crippled us. We’re obviously spending a lot of money on premium freight and other things to get around China’s COVID escalations.

Response from Hau Thai-Tang (Chief Industrial Platform Officer): Regarding China, we are resizing the Shanghai area. We have about 50 Tier 1 suppliers there. We are focused on our profit pillar vehicles and, as Jim mentioned, expedited freight optimization. We have secured fast ocean shipping as well as airlift capability to protect our suppliers. And then they’re just starting to have a whitelist process to allow vendors to resume production. We are therefore working with our teams on the ground in China to help these suppliers become partially operational.

However, despite management’s efforts, Ford China’s most recent results turned out to be even worse than expected. It reported the worst quarter in its history since the first quarter of 2020 (the peak of the COVID pandemic in China) with a 22% drop in vehicle sales. It only sold 120,000 vehicles in Greater China due to COVID-induced lockdowns and ongoing global supply chain issues.

Meanwhile, a Bloomberg report recently mentioned that F could cut up to 8,000 jobs in the near future. Citing comments provided by people familiar with the plan, the report added that the motivation for the layoff is to increase profits to fund its push into the electric vehicle market.

I will of course be eager to hear management’s comments on such a plan during the Q2 report. If the plan is confirmed, I feel sorry for the people who are about to be fired. However, for the company itself, I wouldn’t be too worried as a long-term investor. As you can see in the following graph, for such a large company, its workforce fluctuated regularly by a few thousand over the long term. And 8K represents about 4% of its average workforce. Moreover, in terms of measures of profitability per employee, F can indeed use some efficiency improvements. As you can see on the second graph compared to its peers, its revenue per employee is lower than GM and its net income for employees is slightly lower than Tesla.

Total number of Ford employees

Looking for Alpha

Ford profitability

Looking for Alpha

Product range

After the bad news, here is the good news. I’m impressed with F’s impressive product lines – an important consideration in my investment thesis. A number of its recent launches have been hugely successful, including iconic new ones such as the Bronco, Bronco Sport, Maverick. At the same time, it also offers a range of rugged electric vehicles, including the Mustang Mach-E, E-Transit and F-150 Lightning. Consumers love these products. For example, the F-150 has just started full production and has received over 200,000 reservations. As another example, Consumer Reports chose the Ford Mustang Mach-E as its first choice of electric vehicle to replace the Tesla Model 3.

Mustang Mach-E

Income Report F

Ford Stock – Valuation and Expected Return

On expected valuations and returns. As detailed in our previous article, in the long run,

Return on investment for a business owner is simply the sum of two things: A) the price paid to buy the business and B) the long-term growth rate of the business. Specifically, Part A is determined by the Owner’s Yield (“OEY”) when we purchased the business. And part B, the long-term growth rate, is governed by the ROCE (return on capital employed) and the reinvestment rate.

F’s ROCE averages 40.5%, as you can see in the first chart below. And as mentioned above, its current FW PE is only around 6.7x. Using its FW EPS as a proxy for its owners’ earnings, its OEY is over 14.9%. Assuming a sustainable reinvestment rate of 4%, the long-term growth rate would be around 1.6%. This is the real growth rate, and the nominal growth rate would be higher by indexing to inflation. Thus, the long-term total return at the current valuation would be around 17%, as shown by the blue line and the green symbol in the second chart below. The red line in the graph shows the case where F loses half of its gains permanently. From now on, the OEY will be halved to 7.4%. Adding the new OEY to the growth rate would still give us a double-digit long-term return.



Ford's long-term ROI


Final thoughts and other risks

For F, the gap between its long-term outlook and its current valuation is too big to ignore. Certainly, there are indeed some speed bumps in the near future. But for accounts that can wait for short-term swings, it’s a good investment that offers favorable odds for a double-digit return even if it loses half of its earnings.

In the near term, besides the challenges in China and the layoff plan, there are a few other risks that I would pay particular attention to in the second quarter. A key assumption in F’s forecast involves pent-up demand beyond its bank of orders. This is a key assumption that needs to be rechecked given the new macroeconomic developments of recent months. Next is commodity prices and inflation. F expected commodities to cause a headwind of about $4 billion in the first quarter. As inflation showed no signs of slowing down in Q2, this is another assumption that needs to be rechecked in Q2.

KIOXIA Introduces New Levels of Performance with Enterprise NVMe SSD Family Designed with PCIe 5.0 Technology


SAN JOSE, Calif.–(BUSINESS WIRE)–In another movement that offers next-generation performance levels to enterprise data centers, KIOXIA America, Inc. today announced that its CM7 series enterprise NVMe® SSDs are now shipping to select customers. Optimized for the needs of high-performance, highly efficient servers and storage, the CM7 family is designed with PCIe® Technology 5.0 in Enterprise and Datacenter Standard Form Factor (EDSFF) E3.S and 2.51– inch form factor.

After introducing the industry’s first EDSFF drives designed with PCIe 5.0 technology2 last year, the addition of the CM7 family strengthens KIOXIA’s leadership position and enables OEM customers to offer best-in-class performance3 to end users: the CM7 series almost saturates the PCIe 5.0 interface at a read rate of 14 gigabytes/s.

“PCIe 5.0 will deliver new levels of performance and usher in a wave of SSDs in the EDSFF form factor, helping to replace the 2.5-inch form factor for servers and storage,” said Jeff Janukowicz, vice president of research at IDC. “We expect the EDSFF form factor to reach over 50% of enterprise SSD shipments by 2026. With the new CM7 series SSD family, KIOXIA is well positioned to capitalize on the transition to EDSFF .”

The CM7 series is designed with extensive data integrity protection, a host of security and availability features, and supports the most demanding mission-critical workloads.

CM7 Series highlights include:

  • EDSFF E3.S and 2.5-inch 15mm Z-height form factors designed to NVMe 2.0 and PCIe 5.0 specifications

  • SFF-TA-1001 capable of supporting Universal Backplane Management (also known as U.3) compatible systems

  • Read intensive capacities (1 DWPD) up to 30.72 TB4

  • Mixed use (3 DWPD) capacities up to 12.80 TB

  • Dual port design for high availability applications

  • Flash Die Failure Protection maintains complete reliability in the event of a chip failure

  • Advanced feature support – SR-IOV, CMB, multi-stream writes, SGL

  • TCG-Opal SED feature set designed to be FIPS 140-3 compliant

“Applications such as AI, ML, and data analytics continue to drive the need for higher performance from the underlying storage stack, so users can access, process, and manage data quickly, efficiently, and in real time,” commented Neville Ichhaporia. , Vice President of SSD Marketing and Product Management, KIOXIA America, Inc. “Our CM7 Series SSDs with PCIe 5.0 technology were designed to meet the demands of next-generation use cases. CM7 not only doubles the performance over the previous generation, but also offers an expanded set of form factor options, larger capacities, and premium features for our enterprise server and storage customers.

For more information, visit www.kioxia.com.

About KIOXIA America, Inc.

KIOXIA America, Inc. is the US subsidiary of KIOXIA Corporation, one of the world’s leading suppliers of flash memory and solid state drives. From the invention of flash memory to today’s revolutionary BiCS FLASH™ 3D technology, KIOXIA continues to pioneer innovative memory, SSD and software solutions that enrich people’s lives and expand the horizons of society. The company’s innovative 3D flash memory technology, BiCS FLASH, is shaping the future of storage in high-density applications including advanced smartphones, PCs, SSDs, automotive and data centers. For more information, visit KIOXIA.com.

© 2022 KIOXIA America, Inc. All rights reserved. The information in this press release, including product prices and specifications, service content and contact information, is current and believed to be accurate as of the date of the announcement, but is subject to change without notice. . The technical and application information contained herein is subject to the latest applicable KIOXIA product specifications.


1: In 2.5 inch U.3 connectivity, the transfer speed will be limited to PCIe Gen4. 2.5 inches indicates the form factor of the SSD, not its physical size.

2: As of November 8, 2021

3: As of July 15, 2022, based on a survey by KIOXIA Corporation of publicly available information

4: Maximum capacity in E3.S is 15.72 TB

The NVMe and NVMe-oF word marks are registered and unregistered trademarks and service marks of NVM Express, Inc. in the United States and other countries. Unauthorized use strictly prohibited.

PCI Express and PCIe are registered trademarks of PCI-SIG.

All other company names, product names and service names may be trademarks of their respective companies.

DWPD: Disk write(s) per day. One full disk write per day means the disk can be written to and rewritten at full capacity once a day for five years, the stated product warranty period. Actual results may vary due to system configuration, usage and other factors. Read and write speed may vary depending on host device, read and write conditions and file size.

Capacity definition: KIOXIA Corporation defines megabyte (MB) as 1,000,000 bytes, gigabyte (GB) as 1,000,000,000 bytes, and terabyte (TB) as 1,000,000,000,000 bytes. A computer operating system, however, reports storage capacity using powers of 2 for the definition of 1 GB = 2^30 bits = 1,073,741,824 bits, 1 GB = 2^30 bytes = 1,073,741,824 bytes and 1TB = 2^40 bytes = 1,099,511,627,776 bytes and hence shows less storage capacity. Available storage capacity (including examples of various media files) will vary depending on file size, formatting, settings, software and operating system and/or pre-installed software applications or media content. Actual formatted capacity may vary.

Companies are expected to pay a record amount of dividends this year. How to play it


CME Group announces Record Cop


CHICAGO, July 25, 2022 /PRNewswire/ — CME Group, the world’s leading derivatives exchange, today announced that open interest in copper options has exceeded 100,000 contracts on July 21, 2022reaching an all-time high after several consecutive record days of open interest throughout the week.

“Considered as an indicator of the global economy, market users are turning to our copper options to manage risk as expectations of an economic slowdown continue to rise,” said Jin Chang, Global Head of Metals at CME Group. “Our clients clearly appreciate the defined risk/reward structure of our copper options which provide an effective means of managing adverse price movements as evidenced by recent volume and open interest. We look forward to continuing to provide improved solutions in global base metals markets.”

Four of the top five open interest registrations have occurred in the past five trading days, including:

  • Monday July 18: 97,496 contracts
  • tuesday july 19: 97,593 contracts
  • Wednesday July 20: 99,837 contracts
  • Thursday July 21: 100,632 contracts

Copper Option contracts are listed and subject to COMEX rules. For more information, please visit here.

About CME Group
As the world’s leading derivatives market, CME Group (www.cmegroup.com) enables clients to trade futures, options, spot and over-the-counter markets, optimize portfolios and analyze data, enabling market participants around the world to efficiently manage risks and seize opportunities. CME Group exchanges offer the broadest range of global benchmark products across all major asset classes based on interest rate, stock indices, exchange, energy, agricultural production and metals. The Company offers futures contracts and options on futures contracts through the CME Globex®, fixed income trading via BrokerTec and currency trading on the EBS platform. In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing.

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec and EBS are trademarks of BrokerTec Europe LTD and EBS Group LTD, respectively. Dow Jones, Dow Jones Industrial Average, S&P 500 and S&P are services and/or registered trademarks of Dow Jones Trademark Holdings LLC, Standard & Poor’s Financial Services LLC and S&P/Dow Jones Indices LLC, as applicable, and have been licensed licensed for use by Chicago Mercantile Exchange Inc. All other marks are the property of their respective owners.


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Timber prices are set for a reshuffle and trading volume is seen to soar

  • CME Group is launching a new timber futures contract that could dampen price volatility and increase trading volume.
  • From next month, new contracts will offer a quarter of the amount of wood.
  • This will allow trucks to make deliveries, instead of just wagons, opening up the possibility for more trades.

Lumber prices have been on a meteoric rise over the past few years, but may soon become less volatile, although trading volumes are expected to soar.

Like other commodities, timber prices have fluctuated wildly since the pandemic. They crashed below $300 per thousand board feet in early 2020, jumped to $1,000 later that year, crashed again, topped $1,700 in May 2021, fell back , rebounded to near $1,500 in March this year, plunged further and are now below $600 as the housing market slows.

Earlier this year, major lumber futures were so wild that they regularly hit their daily price triggers, freezing trades for the rest of the session and prompting the industry to look for ways to make the market more liquid.

Today, CME Group is launching a new timber futures contract August 8 which aims to make deliveries easier and attract more participants, potentially smoothing prices with a number of changes.

Among them, allowing trucks to fulfill contracts, instead of just wagons. For reference, a truck can carry enough lumber for two houses, while a wagon can carry enough for eight, lumber dealer Stinson Dean told Insider.

Since the trucks carry about a quarter of the amount of timber, the new futures contract gives more buyers the opportunity to cover small projects that did not match the size of the old contract, he said. he stated by e-mail.

A contract for a quarter of the amount of timber, in theory, should quadruple the volume of trade. But Dean said that’s likely just the baseline, and projected volumes could grow eight or tenfold “as more timber futures watchers become confident traders on timber futures”.

Additionally, lumber purchased through the new contracts will arrive in Chicago rather than a remote Canadian outpost, providing a more central trading destination accessible to a wider range of buyers.

And CME’s new specifications will also allow for new types of wood, including eastern species of spruce, pine and fir, rather than just timber harvested in the West.

Dean expects lumber to become less volatile and trade sideways the rest of the year. But the new futures contract is perfectly suited to a slowing real estate market, he added.

“As the price and activity go down, people will want to buy as little as possible, and the new contract allows them to buy a quarter of the amount in one contract compared to the old contract,” he said. he declares.

Packers revenue hits record $579 million as fans return in 2021 – Sportico.com


The Green Bay Packers announced record financial results on Friday as fans returned to NFL stadiums in full force after the COVID-disrupted 2020 season. The team’s total revenue for the 12 months ending March was $579 million, surpassing the previous record of $507 million in 2019.

Local revenue soared to $232m from $62m as an average of 78,000 fans – the second highest in professional football – attended games at Lambeau Field, after no fans licensed in 2020. Local revenue is generated from tickets, luxury suites, sponsorships and merchandise. It was $211 million in 2019 in the NFL’s smallest market, which far exceeds its weight in the league’s financial hierarchy, thanks to a passionate fanbase and rich heritage as a franchise. Team president Mark Murphy said the Packers typically rank eighth through tenth in local revenue.

National income was $347 million, up 12% from $309 million a year earlier. Sportico reported last week that NFL teams have also distributed $11.1 billion of domestic media rights, league sponsorships and shared revenue and royalties. Shared money represents more than 60% of the NFL’s total revenue.

The league’s media deals with ESPN, Fox, CBS and NBC make up the bulk of 50-50 revenue, but teams benefited from sponsor revenue, which rose 23%, according to sponsor tracking firm IEG. . It will easily top $400 million when the NFL’s next round of television deals kicks off in 2023.

“The scenario for our finances from a year ago is back to normal,” Murphy said on a Zoom call discussing the results.

The Packers posted a record operating profit of $77.7 million with fans returning to Lambeau. Lower local revenue in 2020 resulted in a loss of $38.8 million. The previous record of $75 million was for the 2015 season.

The Packers are the only public non-profit corporation in the NFL. The club completed its sixth stock sale in February, selling shares for $300 each. It added 176,000 new shareholders and raised $64.7 million to fund ongoing construction projects at Lambeau Field, including new video panels and hall improvements. The sale brought the total number of shareholders to 539,000, with 17% based in Wisconsin. Shares do not appreciate, do not pay dividends and cannot be resold.

“Maintaining our stadium as a premier facility that serves as a year-round destination contributes to the enduring success of the franchise and our community,” Murphy said when announcing the results of the sale.

The team’s rainy day fund stood at more than $500 million at the start of the year, but fell to $440 million with the stock market tumult. Murphy said the team has invested $467 million in stadium-related projects since 2011, including its Titletown mixed-use development.

In March, the Packers lost to the Detroit Lions to host the 2024 NFL Draft. Murphy said the team would bid for the 2025 and 2027 draft.

Sportico valued the team at $3.51 billion last year, 15th in the NFL.

ESG reporting will create competitive advantage

By Punit Renjen

Environment, Social and Governance. ESG. This three-letter acronym now dominates the conversation among government, business and community leaders. And with good reason.

The urgency around issues such as climate change, access to education and health equity has propelled ESG to the forefront of corporate agendas and strategies. In India and around the world, disclosure requirements, which compel companies to identify and report their ESG responsibilities, have become more uniform and consistent, a testament to this long-awaited (and, in my view, much-needed) change. .

Effective this fiscal year, the Securities and Exchange Board’s (SEBI) new reporting format – Business Responsibility and Sustainability Report (BRSR) – came into effect. BRSR will allow the top 1,000 listed entities by market capitalization to voluntarily disclose their compliance with various ESG measures for FY22, and on a mandatory basis from FY23.

Although India gets a one year dress rehearsal, I think all organizations – whether they are in the top 1000 or not – should strive to join the BRSR and go beyond , as soon as possible. Not just because the new requirements will mean that ESG performance data will be available and comparable to everyone, but because it’s the right thing to do and the right thing to do for business.

Adapting to a new regulatory framework is a significant change and a challenge. But there are three steps leaders can take now to ease the transition.

First, perspective is key. Business leaders should view disclosure standards not as a compliance requirement, but as the structure around which strong businesses are built. The reality is that businesses often thrive when they are designed to create social value alongside financial value. Research continues to confirm this. Example: Over a 12-year period, the MSCI India ESG leaders index has consistently outperformed the broader market, represented by the MSCI India Investable Market Indexes (IMI), and their lead has widened. These results are testament to the fact that when companies choose ESG as a central part of their operational strategy, they not only improve their own performance, but they also position themselves more effectively with their customers, communities and business partners. This creates a halo effect that underpins their “social license to operate” and can even help attract and retain talent.

Second, be transparent and accountable. Companies can and should increase transparency by linking their reports to real-world issues and disclosing the impact they aim to achieve. For example, sharing ESG metrics on the financial impact of climate change. This allows investors to make decisions based on complete and comparable information. And that, of course, can have a positive impact on a company’s reputation. By providing financial markets with the right information, companies can build confidence that money is flowing where it is needed to build resilience and reduce emissions.

This level of transparency also has significant implications for the cost of doing business. Companies that are exposed to long-term climate-related risks may see their operating costs increase, while companies developing climate risk mitigation strategies could gain access to cheaper capital. We have seen this with the increase in sustainability-linked lending; loans granted to companies at a reduced rate if they meet bespoke sustainability objectives. A key priority for leaders is to support their ESG initiatives and aspirations with real investments. Show that they act on their data. It provides an assessable framework and is part of the feedback strategy that places ESG at the heart of the business.

Third, report above the minimum. The guidelines should be considered as a reference; organizations need to be bold. Going beyond the requirements will help give Indian organizations greater access to capital and greater competitive advantage. This could help boost India’s private investment cycle.

Several leading global reporting frameworks, such as the WEF’s Stakeholder Capitalism Measures, which Deloitte helped develop, involve significant investor involvement in their formulation. Additionally, more and more asset managers have launched ESG funds, which use ESG performance as a key element in making investment decisions. This is reflected in the different green financial products and instruments (equities, loans, bonds) that have evolved and the growing size of their market. By going beyond the requirement and understanding other global standards, businesses can open up to a growing pool of capital.

Right now, the momentum around ESG is high. This is where business is headed. And I think it’s critical that Indian organizations seize this moment to embrace ESG and make it a core part of their business. This will not only help secure their own future, but also help build a better world for all of us.

(The author is Deloitte’s Global CEO)

Smart Home Market New Innovation Trends, Research, Global Share and Growth Factor – Siemens AG, United Technologies Corp, General Electric Company, Schneider Electric


Global smart home market 2022, In the projected period of 2022 to 2028, each type gives sales data. The smart home market analysis delves into the characteristics and financials of major market players. This comprehensive research is not only useful for trade analysts but also for any existing or new entrant when developing trade strategies. For the projected period 2022-2028, the study is a unique global analysis of variables such as import and export status, supply chain management, profit and gross margin. The Smart Home Market report includes extensive factual coverage of recent events, such as acquisitions and mergers, as well as company strengths and weaknesses.

Major players in the smart home market.

Siemens AG
United Technologies Corporation
General electricity company
Honeywell International
Ingersoll-Rand PLC
Johnson Controls
Samsung Electronics
Sharpness marks
Lutron Electronics
Leviton Manufacturing Company
Frequently Asked Questions

Segmentation of product types
Application segmentation
Lighting control
Security and access control
Entertainment and other control
Home Care/Smart Kitchen/Home Appliances

The key points of the report:

  1. The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
  2. The report explores the major international and Chinese industry players in detail. In this part, the report presents the company profile, product specifications, capacity, production value and market shares 2017-2022 for each company.
  3. Through the statistical analysis, the report depicts the global total Smart Home industry market including capacity, production, production value, cost/profit, supply/demand and import /Chinese export.
  4. The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
  5. The report then estimates 2022-2028 market development trends of Smart Home industry. An analysis of upstream raw materials, downstream demand and current market dynamics is also performed.
  6. The report makes some important proposals for a new project in Smart Home Industry before evaluating its feasibility.

Key Highlights of the Smart Home Market Report:

  1. The Global Smart Home Market report is intended to offer an overview of the Smart Home industry supported by in-depth analysis qualitative and quantitative analysis.
  2. The offered smart home market overview includes data provided by influential smart home market players including marketers, business experts, investors, stakeholders and customers.
  3. The objective of the Smart Home market report is to offer a holistic perspective of all participants to young entrepreneurs and marketers.
  4. Drivers and restraints along with trends are majorly discussed in the Smart Home Market report
  5. The global smart home market report also provides an overview of the competitive environment on a global scale.
  6. He explains the market status, share and revenue in the same way new strategies implemented for growth and development to meet current market needs and demands.
  7. The Smart Home Market report identifies the major growth regions with Asia-Pacific to lead during the forecast period.

The Smart Home Market report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, constraints, opportunities and future trends. The report also provides comprehensive PEST analysis for all five regions namely; North America, Europe, Asia-Pacific, South America, Middle East and Africa after evaluating political, economic, social and technological factors affecting the market in these regions.

Reasons to buy this report:

  • Estimates 2022-2028 Smart Home market development trends with recent trends and SWOT analysis
  • Market dynamics scenario, along with market growth opportunities in the coming years
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and political aspects
  • Regional and country level analysis integrating demand and supply forces that are influencing market growth.
  • Market value (Million USD) and volume (Million Units) data for each segment and sub-segment
  • Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
  • Comprehensive company profiles covering product offerings, key financial information, recent developments, SWOT analysis and strategies employed by major market players
  • Support for analysts for 1 year, as well as data support in Excel format.

Please click here to purchase the full report @



Global Smart Home Market Research Report 2022-2028

Chapter 1: Smart Home Industry Overview

Chapter 2: International Market Analysis of Global Smart Home Market

Chapter 3: Environmental Scan of Global Smart Home Market

Chapter 4: Analysis of income by classifications

Chapter 5: Analysis of Revenue by Regions and Applications

Chapter 6: Revenue Market Status Analysis of Global Smart Home Market.

Chapter 7: Major Manufacturers Analysis of Global Smart Home Market Industry

Chapter 8: Sales Price and Gross Margin Analysis

Chapter 9: Marketing Trader or Distributor Analysis of Smart Home Market

Chapter 10: 2022-2028 Smart Home Market Industry Development Trend

Chapter 11: Industry Chain Suppliers of Smart Home Market with contact information

Contact us:
Web: www.qurateresearch.com
E-mail: [email protected]
Telephone: USA – +13393375221, IN – +919881074592

No additional fees to be charged for issuing the boarding pass at the check-in counters


Airlines cannot charge extra for issuing boarding passes at airport check-in counters, the Civil Aviation Ministry said on Thursday.

“The MoCA (Ministry of Civil Aviation) has learned that airlines charge an additional fee for issuing passenger boarding passes,” the ministry said on Twitter.

This additional amount is not in accordance with the instructions of the provisions of the 1937 Aviation Rules, he said.

Currently, many airlines in India charge passengers a fee for issuing boarding passes at check-in counters. This practice was put in place by airlines with the onset of the pandemic when the government made it mandatory for passengers to check in online.

In May, Aviation Minister Jyotiraditya Scindia replied to a tweet and said he was looking into the issue of airlines charging passengers a fee for issuing boarding passes at check-in counters indoors. terminals.

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RBA scenario means record costs: UBS


UBS predicted that the Reserve Bank of Australia’s (RBA) rate hike assumptions would lead to an unprecedented surge in payments for households.

The RBA’s scenario of a 300 basis point increase in interest rates by mid-2023 would see interest payments as a share of household income rise from 3.9% of income in the first quarter of 2022 to 9.3% in the fourth quarter of 2023, UBS said.

While interest charges increased more during the 2002-08 tightening cycle (7%), the adjustment was much slower over six years. Thus, the RBA’s scenario (based on market prices) suggests a record rapid increase of 2.5% year-on-year, UBS added.

However, as previously reported Financial standardRBA Deputy Governor Michele Bullock said households are in a fairly good position to weather rising interest rates.

Indeed, “much of the debt is held by high-income households who have the capacity to repay the debt,” Bullock said.

Meanwhile, RBA Governor Phillip Lowe stressed that the RBA was not on a predefined path to achieve neutrality and would instead maintain a flexible inflation targeting framework.

Yesterday Lowe said: ‘We don’t need to bring inflation back to target immediately because we have long had, for good reason, a flexible medium-term inflation target.

“But we need to chart a credible path back to 2-3%.”

Lowe said the RBA was looking for ways to return to the target range in which the economy continues to grow and unemployment remains low. However, he conceded that the road ahead is narrow and clouded by uncertainties.

Lowe went on to admit that he can understand why some people might conclude that too much support has been provided by governments and central banks. Although to his critics, he said to remember the context in which the support was provided.

“At the time the decisions were made, the outlook was dire,” Lowe said.

“In Australia, tens of thousands of people were expected to die, our hospitals were expected to overflow, many people were expected to lose their jobs and deep social and economic scars were anticipated.”

Lowe continued, “In this environment, the RBA had a strong insurance mentality.”

“A lot of other central banks and governments had a similar mindset.”

Clear Sky adds world-renowned energy storage expert to


VANCOUVER, British Columbia, July 19, 2022 (GLOBE NEWSWIRE) — Clear Sky Lithium Corp. (CSE: POWR) (FRA: K4A / WKN: A3DM2W) (“Clear sky“or the”Company”), a mining exploration and development company focused on US lithium deposits to support domestic demand, is pleased to announce the appointment of Mr. Dave Wright who brings comprehensive and significant expertise in sustainable technologies from energy storage sector.

Mr. Wright is the President of Wright Technical Services, LLC and is a professional with global experience providing extensive support to organizations in the energy storage markets. He is an automotive electronics and electrical systems expert with a career focused on product and technology development. He is a former application engineering manager at large industrial organizations such as Maxwell, Delphi and General Motors.

Company CEO and Director Craig Engelsman notes, “We are delighted to welcome Dave to our growing team here at Clear Sky Lithium. His deep experience in the specialized world of electrical energy storage solutions has a direct impact on our goal of achieving efficient lithium processing capabilities that best meet current and future business demands. Its global industry connections can give us access to information and co-development opportunities that otherwise would not have been available to us. We look forward to working together to help fuel the future of Clear Sky Lithium. »

His roles in the field of energy storage have encompassed product development and application support in supercapacitors, lead acid batteries and e-bikes. He combines a strong systems engineering background with strong business and management acumen to help companies achieve their technology and product development goals.

He has held various leadership roles in a number of industry-leading transactions, including UCAP Power, Inc. as Vice President of Engineering, a company that in July 2021 acquired Korean company Maxwell Technologies (which was previously acquired by TESLA in 2019 for $200 million), and was previously Director, Electronic Technology and Core Modules of Ingersoll Rand’s Specialty Vehicle Technologies segment, known as Club Car, which was sold to Platinum Equity in April 2021 for $1.68 billion.

He then served as Director, Global Application Engineering at Maxwell Technologies, Director, Global Advanced Engineering at Delphi Packard Electric, General Manager at HE Microwave, Engineer at Delco Electronics, and a staff member at General Motors Advanced Engineering.

Mr. Wright holds a BEE from Kettering University (formerly General Motors Institute), an MSEE from Stanford University and an MS in Technology Management from the Sloan School at the Massachusetts Institute of Technology. . He is the co-inventor of 5 US patents.

Clear Sky Lithium advises the public that as part of its disclosure obligations as a public issuer, all filings and regulatory filings may be viewed at www.sedar.com. We also invite the public to visit our website at www.clearskylithium.com and sign up for our “News Alerts” to be notified of future press releases and related company information. Also be sure to watch our video which is available on the website.

On behalf of the Board of Directors,

~Craig Engelsman~

Craig Engelsman
Chairman and Chief Executive Officer and Director
Clear Sky Lithium Corp.

About Clear Sky Lithium Corp. (CSE: POWR) (FRA: K4A / WKN: A3DM2W)
Clear Sky Lithium is an exploration and development company dedicated to advancing North American lithium deposits to support domestic demand. The Company holds interests in the ELi property in Nevada. The Company is also focused on developing clay mining and processing technologies aimed at delivering scalable efficiencies across the value chain in a sustainable manner. To learn more, visit www.clearskylithium.com and watch our video.

Disclaimer Regarding Forward-Looking Information

This press release contains statements and information which, to the extent that they are not historical facts, may constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information may include financial and other projections, as well as statements regarding future economic plans, objectives or performance, or assumptions underlying any of the foregoing. In some instances, forward-looking statements may be identified by words such as “may”, “would”, “could”, “will”, “likely”, “unless”, “anticipate”, “believe”, “have the ‘intention’, ‘plan’, ‘forecast’, ‘project’, ‘estimate’, ‘prospect’, or their negative form or other similar expressions relating to matters which are not historical facts. Examples of such statements include, but are not limited to, statements regarding the potential benefits to the Company of Mr. Wright’s appointment to its Advisory Board.

Forward-looking information is based on management’s assumptions, estimates, analyzes and opinions made in light of its experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances as of the date such statements are made, but which may prove to be incorrect. Important factors and assumptions used to develop the forward-looking information contained in this press release include, but are not limited to, key personnel and qualified employees continuing their involvement with the company; the Company’s ability to obtain additional financing on reasonable terms; the competitive conditions of the industry in which the Company operates; and the laws and their amendments applicable to the Company.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the information. forward-looking, including, without limitation, risks related to the Company’s future business plans; the risks that the Company may not be able to retain its key personnel; the risks that the Company may not be able to obtain financing on reasonable terms or at all, as well as all other risks described in the Company’s final long form prospectus dated May 31, 2022, under the heading “Factors of risk”. Accordingly, readers should not place undue reliance on such forward-looking information. Further, any forward-looking information speaks only as of the date such statement is made. New factors emerge from time to time, and it is not possible for the management of the Company to predict all of these factors and to assess in advance the impact of each of these factors on the Company’s business or the extent to which any factor, or combination of factors, could cause actual results to differ materially from those contained in the forward-looking information. The Company undertakes no obligation to update forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unforeseen events, except as required by law, including securities laws.

The CSE has neither approved nor disapproved of the content of this press release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.


Clear Sky Lithium Corp.
Investor Relations
Email: [email protected]
Phone: +1 (778) 383-7240

Record usage of Discuss platform for CX, UX and MRX research continues


The company sees its use multiplied by three from one year to the next; Enables access to the auto-capture feature for all platform customers

Discuss people experience platform

Allows live, moderated and unmoderated conversations, self-capture comments and media uploads.

Seattle, Wash., July 19, 2022 (GLOBE NEWSWIRE) — Discuss, the leading purpose-built platform for turning experiences into insights, today announced that it continues to experience record growth with a three-fold increase in usage year-over-year. Additionally, subscription revenue increased by 68% compared to the first half of 2021, and the number of unique customers served increased by 29%. This growth was driven by new and existing customers around the world, including leading agencies and brands in a variety of industries such as consumer packaged goods, technology, healthcare, financial services and more. . Examples of new Discuss clients include agencies like Shapiro and Raj and Sticky Beak, and well-known brands like Mars Wrigley, Kellogg and Viking Cruises.

The Discuss platform is specifically designed to support in-depth research, regardless of how the data or information is collected. It enables live, moderated and unmoderated conversations, self-capture commentary, and media uploads that can easily capture interesting moments and quickly turn customer conversations and experiences into actionable insights.

Leading agencies like buzzback use the Discuss platform for unlimited viewers to join customer conversations and record moments with the click of a button, while viewing people’s reactions to posts and product ideas first-hand. “Discuss has been a great partner for us,” said Liz White, senior vice president of search strategy at buzzback. “Our approach to qualitative research is very technologically advanced, and with Discuss there are many tools helping us achieve that for our clients and to scale in a more agile way, which is essential now.”

With a continued focus on delivering innovative new features for its customers earlier this year Self captures, allowing respondents to give feedback on their own schedule via short TikTok-style videos, as well as photo or text responses by sharing their experiences. Customer response has been overwhelmingly positive across marketing, product, and CX teams, with many using it for video surveys, journals, and mobile ethnography projects. And to support Discuss’ vision of providing an in-depth research platform, a new promotion is available for any customer currently only using its live feedback capabilities: auto-captures will now be automatically included at no additional cost. until the end of 2022.

With customer-centric promotions like this and the company’s focus on providing the best customer experience, Discuss is also proud to be recognized again as a High Performer on The most recent Grid reports from G2 in the User Research and Video Comments categories. Some of the areas that propelled Discuss to receive this recognition included a Net Promoter Score (NPS) of 86, the highest score of any provider, as well as the highest score for ease of doing business and quality support in the Consumer Video Feedback Category.

“We put our customers at the center of everything we do,” said Simon Glass, CEO of Discuss. “Our ability to provide easy access to research and customer information among a global audience is evidenced by the momentum and growth in the use of our platform and we look forward to continuing to be a part of the success.” of our customers.”

Learn more:

Press release: Discuss Again Ranked Top Performer in G2 Grid for User Research Software and Consumer Video Reviews
Press release: Discuss launches Self Captures, expanding its products beyond live video
Online seminar: Rethinking the Agile Manifesto for Research with Forrester and Walnut Unlimited


About to chat

Discuss helps leading organizations, brands and agencies around the world turn people’s experiences into insights. Hundreds of thousands of Market Insights, CX and UX professionals trust Discuss to go beyond data points and bring deep insights to life in their organization in real time, transforming customer relationships. With Discuss, hundreds of global brands and agencies such as Unilever, Target, Ipsos, KraftHeinz, HP, Ford and Mastercard make more informed strategic decisions faster than ever. For more information, visit www.discuss.io.


CONTACT: Meredith Bagnulo Discuss 303-513-7494 [email protected]

Freshpet, Inc. will release its second quarter results on Monday,

SECAUCUS, NJ, July 18 28, 2022 (GLOBE NEWSWIRE) — Freshpet, Inc. (NASDAQ: FRPT) (“Freshpet” or the “Company”) today announced that it will release results for the second quarter ended June 30, 2022 on Monday. August 2022 after market.

The Company will host a conference call with members of the management team to discuss these results with additional comments and details. The conference call is scheduled to begin at 4:30 p.m. ET on Monday, August 8, 2022. To participate in the live call, listeners in North America can dial (877) 407-0792 and international listeners can dial (201) 689-8263.

In addition, the call will be broadcast live on the Internet, hosted in the “Investor” section of the Company’s website at www.freshpet.com and will be archived online. A phone playback will be available beginning at 7:30 p.m. ET, August 8, 2022 through August 22, 2022. North American listeners can dial (844) 512-2921 and international listeners can dial (412) 317-6671; the password is 13730982.

About Freshpet

Freshpet’s mission is to improve the lives of dogs and cats through the power of real, fresh food. Freshpet foods are blends of locally grown fresh meats, vegetables and fruits made in our Freshpet kitchens. We carefully prepare our food using natural ingredients, cooking it in small batches at lower temperatures to preserve the natural quality of the ingredients. Freshpet foods and treats are kept refrigerated from the time they are made until they arrive in Freshpet refrigerators at your local market.

Our foods are available at select mass merchandisers, grocery stores (including online), health food, clubs, and specialty pet retailers in the United States, Canada, and Europe. From the care we take in sourcing our ingredients and making our food, to the moment it arrives at your doorstep, our integrity, transparency and social responsibility is how we like to run our business. To learn more, visit www.freshpet.com.

Connect with Freshpet:






Forward-looking statements

Certain statements contained in this release constitute “forward-looking” statements. These statements are based on management’s current opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or results. These forward-looking statements are only predictions, not historical facts, and involve certain risks and uncertainties, as well as assumptions. Actual results or events could differ materially from those expressed, anticipated or implied by these forward-looking statements. These forward-looking statements speak only as of the date of this release. Freshpet undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to such or other forward-looking statements.

Jeff Sonnek
[email protected]

Barrick Gold Corporation – Reko Diq alliance between Pakistan and Barrick poised to create long-term value


Reko Diq is one of the largest undeveloped copper-gold deposits in the world.

Finance Minister Miftah Ismail and Barrick Chairman and CEO Mark Bristow said after meeting here today that they shared a clear view of the national strategic importance of the Reko Diq copper-gold project and s were committed to developing it as a world-class mine that would create value for the country and its people across generations.

Reko Diq is one of the largest undeveloped copper-gold deposits in the world. An agreement in principle reached between the government of Pakistan, the provincial government of Balochistan and Barrick earlier this year provides for the reconstitution and restart of the project, suspended since 2011. It will be operated by Barrick and 50% owned by Barrick, 25 % by the provincial government of Balochistan and 25% by Pakistani public companies.

The definitive agreements underlying the framework agreement are being finalized by the Barrick and Pakistan teams. Once this is complete and the necessary legalization steps have been taken, Barrick will update the original feasibility study, a process that is expected to take two years. The construction of the first phase will follow that with the first production of copper and gold scheduled for 2027/2028.

“During negotiations, the Federal Government and Barrick have confirmed that Baluchistan and its people should receive their fair share of benefits under the Pakistani ownership group,” Bristow said.

“At Barrick, we know that our long-term success depends on the equitable sharing of benefits we create with our host governments and communities. In Reko Diq, Balochistan’s stake will be fully funded by the project and the federal government, allowing the province to reap dividends, royalties and other benefits from its 25% stake without having to contribute financially to construction or development. operation of the project. It is equally important that Balochistan and its people see these benefits from day one. Even before construction begins, once the legalization process is completed, we will implement a series of social development programs, backed by an initial commitment to improving health care, education, food security and drinking water supply in a region where groundwater has a high salt content.

Finance Minister Ismail said the Reko Diq development represented the largest foreign direct investment in Balochistan and one of the largest in Pakistan.

“Like Barrick, we believe that the future of mining lies in mutually beneficial partnerships between host countries and world-class mining companies. The Reko Diq deal exemplifies this philosophy and also signals to the international community that Pakistan is open for business,” he said.

Subject to the updated feasibility study, Reko Diq is envisioned as a conventional open pit mine and milling operation, producing high quality copper-gold concentrate. It will be built in two phases, starting with a plant that will be able to process around 40 million tonnes of ore per year, a figure that could be doubled in five years. With its unique combination of large scale, low strip and good grade, Reko Diq will be a multigenerational mine with a mine life of at least 40 years. At the peak of construction, the project is expected to employ 7,500 people and once in production will create 4,000 long-term jobs. Barrick’s policy of prioritizing local employment and suppliers will have a positive impact on the downstream economy.


Kathy du Plessis

Investor Relations and Media
+44 20 7557 7738
E-mail: [email protected]

Caution regarding forward-looking information

Certain information contained or incorporated by reference in this press release, including any information regarding our strategy, plans, plans or future financial or operating performance, constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “partnership”, “framework”, “opportunity”, “provide”, “plan”, “anticipate”, “contemplate”, “propose”, “work towards”, “expect”, “consider”, “will” , “could”, “should”, “intend”, “future”, “commitment” and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements, including, but not limited to, regarding: the planned update of Reko Diq’s landmark feasibility study; the future construction, development and operation of the Reko Diq Project, including the expected benefits of a two-phase construction approach and schedule and the expected initial throughput of the processing plant; the future ownership of the Reko Diq project; the proposed tax terms applicable to the Reko Diq project and the joint venture by which it is owned; the timing and process for reconstituting a joint venture to carry out the future development and operation of the Reko Diq Project; the intended mine life of the Reko Diq project; the anticipated sharing of benefits from the Reko Diq project with governments and Barrick’s host communities, including social development and public health programs as well as potential levels of local employment and local procurement during construction and operation of the project; and expectations regarding financial performance and other outlook or advice.

Forward-looking statements are necessarily based on a number of estimates and assumptions, including significant estimates and assumptions relating to the factors set forth below which, although believed to be reasonable by Barrick as of the date of this press release in light of management’s experience and perception of expected conditions and developments, are inherently subject to significant commercial, economic and competitive uncertainties and hazards. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements and undue reliance should not be placed on such statements and information. These factors include, but are not limited to: fluctuations in the spot and forward price of gold, copper or certain other commodities (such as diesel fuel, natural gas and electricity); the speculative nature of mineral exploration and development; changes in mineral production performance, mining and exploration success; risks associated with projects in the early stages of appraisal and development and for which additional engineering, technical and other analyzes are required; disruption of supply routes which may cause delays in development, construction and mining activities; reduction in the quantities or qualities of reserves; increased costs, delays, suspensions and technical challenges associated with the construction of capital projects; operational or technical difficulties related to mining or development activities, including geotechnical challenges and disruptions in the maintenance or provision of required information technology infrastructure and systems; failure to comply with environmental, health and safety laws and regulations; inability to obtain key licenses from governmental authorities; changes in national and local government laws, taxation, controls or regulations and/or changes in the administration of laws, policies and practices; the expropriation or nationalization of property and the political or economic development of the Islamic Republic of Pakistan or the province of Balochistan; timing of receipt or non-compliance with necessary permits and approvals; lack of certainty about foreign legal systems, corruption and other factors inconsistent with the rule of law; risks associated with illegal and artisanal mining; risks associated with new diseases, epidemics and pandemics, including the effects and potential effects of the global Covid-19 pandemic; damage to Barrick’s reputation due to the occurrence or perceived occurrence of a number of events, including negative publicity regarding Barrick’s handling of environmental issues or dealings with community groups, whether true or not ; the possibility that future exploration results will not meet Barrick’s expectations; the risks that exploration data will be incomplete and that considerable additional work will be required to complete a more in-depth assessment, including but not limited to drilling, engineering and socio-economic studies and investments ; risk of loss due to acts of war, terrorism, sabotage and civil unrest; dispute; disputes over title deeds, particularly title to undeveloped properties, or access to water, electricity and other necessary infrastructure; business opportunities that may be presented to, or pursued by, Barrick; risks associated with working with partners in jointly controlled assets; employee relations, including the loss of key employees; increased costs and physical risks, including extreme weather events and resource shortages related to climate change; and the increased availability and costs associated with mining inputs and labor. In addition, there are risks and hazards associated with exploration, development and mining activities, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, floods and gold bars, copper cathodes or gold or copper concentrates. losses (and the risk of inadequate insurance, or the inability to obtain insurance, to cover such risks).

Many of these uncertainties and contingencies may affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by or on our behalf. Readers are cautioned that forward-looking statements are not guarantees of future performance. All forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form filed with the SEC and Canadian provincial securities regulators for a more detailed discussion of some of the factors underlying the forward-looking statements and risks that could affect Barrick’s ability to achieve the expectations set forth in the forward-looking statements contained in this press release.

We disclaim any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.

Australia’s ANZ to buy Suncorp’s banking arm for $3.3bn and boost mortgage business


An ANZ bank logo is pictured in Sydney, Australia April 23, 2018. REUTERS/Edgar Su

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  • ANZ to raise AUD 3.5 billion to fund the deal
  • ANZ pulls out of talks to buy MYOB Group
  • Suncorp intends to return majority net proceeds

July 18 (Reuters) – Australia and New Zealand Banking Group (ANZ.AX), Australia’s fourth-largest property lender, plans to buy the banking arm of insurer Suncorp Group Ltd (SUN.AX) for $4.9 billion Australian dollars ($3.33 billion), build its mortgage portfolio and extend its geographical coverage.

The agreed deal, subject to regulatory approval, shows how important mortgages remain to Australia’s banking sector, even as rising interest rates and cost of living pressures flip the country’s property market .

ANZ, which said on Monday it was aiming to raise A$3.5 billion by issuing new shares to pay for the deal, had missed out on most of the benefits of a COVID-19-induced housing boom that saw the Home values ​​jump by a quarter in the year to early 2022 due to application processing delays, analysts said.

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The takeover would increase ANZ’s mortgage portfolio by A$47 billion to A$307 billion, meaning it would overtake National Australia Bank Ltd (NAB.AX) in third place, according to publicly available data.

ANZ shares were not traded as the bank prepares its new share issue. The new shares were sold at A$18.90 each, a 12.7% discount from ANZ’s closing price of A$21.64 on Friday, according to its filings.

Shares of Suncorp, which is trying to offload an asset deemed non-essential, rose 5.7%, against a broader market gain of 0.6%. The company will return most of the sale proceeds to shareholders.

Analysts took a cautious stance on the deal given the complexity of previous Australian bank takeovers and economic uncertainty.

“(ANZ’s) acquisition appetite is troubling, given growing recession risks and ANZ’s poor operating performance to date,” Jefferies analyst Brian Johnson said in a client note. .

“ANZ’s main franchise is already struggling and adding more complexity during a time when MQG is driving up filing costs looks unruly,” he added, referring to Macquarie Group Ltd .

ANZ CEO Shayne Elliott said the deal would create a “simpler and stronger platform for growth” that “advances our strategic ambitions”.

“This acquisition is a historic step forward and the culmination of work that began seven years ago,” Elliott said on an analyst call, referring to informal talks between the lenders dating back to 2016.

In a May earnings update, the bank said it could try to boost profits outside of the mortgage business as rising interest rates intensified competition. ANZ last week announced it was in talks to buy accounting software maker MYOB from private equity giant KKR & Co (KKR.N), bolstering its business lending capability.

But earlier on Monday, ANZ said the MYOB deal was now cancelled, signaling to investors that the bank remains focused on mortgages after all. Read more

The deal would also amount to a geographic expansion of ANZ, which is headquartered in Melbourne, Queensland, where Suncorp is based and does most of its business. ANZ would retain Suncorp’s Queensland workforce and branding for at least a few years, among other commitments such as infrastructure funding for the 2032 Brisbane Olympics, the bank said.

The purchase price was 13.8 times the past earnings of Suncorp’s banking unit, ANZ said, below the price-earnings ratio of Suncorp’s overall business but within the range of major Australian banks. .

Suncorp President Christine McLoughlin said the agreed price “fairly values ​​the bank and reflects the hard work of our people and the progress made in achieving our strategic goals.”

($1 = 1.4734 Australian dollars)

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Reporting by Byron Kaye in Sydney and Sameer Manekar in Bengaluru, with additional reporting by Scott Murdoch; Editing by Daniel Wallis, Richard Chang and Kenneth Maxwell

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Donna Probes: Crowdfund your new business | Company



SCORE logo

Securing seed funding can be a hurdle for entrepreneurs trying to start a new business. For many owners, the thought of asking thousands of dollars from a single bank or lender adds a whole new layer of stress to the already overwhelming task of starting a business.

Proving to a lender that your idea is a good investment is not an easy sell. For this and other reasons, more and more entrepreneurs in recent years have switched from traditional financing to crowdfunding to get the money they need to market their product or service.

Crowdfunding has changed the rules for funding startups. He took startup fundraising from a one-lender model to a collective virtual effort, offering financial support to a startup while instantly introducing the business to potential customers. The model showed that the public is willing to contribute capital to worthwhile projects without any expectation of future profit.

There are three main types of crowdfunding, each with different goals and risks.

Rewards-based crowdfunding involves asking your backers for capital in return for an incentive – perhaps the right to be among the first to receive delivery of your new product.

Crowdfunding involves committing a portion of the value of your business to a funder in exchange for seed capital.

The loan between individuals means that you will receive capital in the form of a loan that you are legally obliged to repay.

Selecting the right crowdfunding platform is important because each platform is set up to serve a different purpose and audience. Some of the most commonly used crowdfunding platforms include Kickstarter, the big name in crowdfunding for tech and creative entrepreneurs; GoFundMe, best for personal fundraising; Indiegogo, ideal for tech startups and community projects; Causes, built for nonprofits; Patreon, ideal for musicians, creators and designers; CircleUp, ideal for equity financing of consumer brands and LendingClub, a great option for business loans

There are several important “obligations” when working in crowdfunding. First, make sure your business is set up correctly, including a bank account, legal entity, proper license, insurance, etc. Never promise what you can’t deliver. Always stay in good communication with your funders. And be sure to consult an accountant to find out what portion of the funds you raise is considered by the IRS to be taxable business income.

Crowdfunding is a great way for entrepreneurs to jump-start their business. However, like any means of fundraising, it comes with its own risks and obstacles. Do your research and consult with other professionals who have gone through the process, such as a SCORE mentor.

A panel of experts from various funding sources will be on hand Thursday, July 21 at the main branch of the Traverse Area District Library at noon. This free SCORE workshop will cover crowdfunding and traditional funding. This will help you understand how lenders decide which new business to finance. Visit www.traversecity.score.org.

to register.

Donna Probes, MBA, spent 10 years as a small business owner. She is retired from the Traverse City Area Chamber of Commerce and is active as a SCORE mentor as well as a professional music performer. For more information on SCORE, visit www.traversecity.score.org.

SRMT Announces New Chief Financial Officer | WWTI

AKWESASNE, NY (WWTI) – The Saint Regis Mohawk Tribe has announced that Heather Henry will take over as Tribal Government’s new Chief Financial Officer.

According to the tribe, Henry was hired in 2014 as chief financial officer and had been deputy chief financial officer since January 2021 before officially accepting the position of chief financial officer on June 27. The tribe said they have years of financial experience that will help strengthen the tribe. the financial responsibility of the government and its accountability to the members.

Henry is a Registered Tribal Member, along with his three children, and earned a Bachelor of Science in Industrial Engineering from Kettering University located in Flint, Michigan in 2004 with a minor in Business Management. In 2007, she earned a Master of Science in Finance from Indiana University, where she attended the highly regarded Kelley School of Business.

“We extend our sincere congratulations to Heather on her significant career achievement and know that she will do her best to support the tribe as we navigate the challenges, opportunities and financial management issues that lie ahead for the benefit of of the community of Akwesasne,” shared the Saint Regis Mohawk Tribal Council.

Prior to joining the Tribe, Henry was Associate Controller at Clarkson University in Potsdam for three years and served as a Principal Financial Analyst for ALCOA and Financial Analyst at General Motors, both located in Massena. Henry said she was looking forward to stepping into her new role.

“I am very excited to use my skills and experience in financial management to build economic diversification and self-sufficiency,” said Henry. “It’s a huge task and challenge, but the tribe has done a tremendous job of bringing together a professional team of financial analysts and accountants who have the best interests of the community at heart.

As the tribe’s chief financial officer, Henry will be responsible for all matters relating to the financial affairs of the tribal government; including financial analysis, ensuring sound accounting practices and strengthening relationships with banking institutions. Other responsibilities include investments, audits, financing agreements, as well as summaries and forecasts of future growth and general economic outlook.

More information about the position and Henry can be found on the SRMT website.

TMFC: Decline as expected, factors point to whether it may recover soon (TMFC)


Ryan Rahman/iStock Editorial via Getty Images

This is my third article on the Motley Fool 100 Index ETF (BATS: TMFC), a passively managed exchange-traded fund that invests in a cohort of approximately 100 mega/large-cap U.S. stocks, which analysts at The Motley Fool consider are poised to outperform the market over time. They are flagship companies with resilient margins and solid growth prospects. In all honesty, they should boast a higher valuation in most cases. But is it an adequate proposal in the midst of the times? This year has been painful for this strategy.

I’ve never been particularly excited about the fund’s prospects in a higher interest rate environment. In the first note published in January, I acknowledged that the ETF’s relatively short history was nothing short of successful, with alpha delivered in 2019 and 2020, although total return in 2021 was slightly lower compared to the iShares Core S&P 500 (IVV) ETF.

However, the market regime had changed. It’s hard not to notice when the bear market is raging. The unstoppable FAANGM and broad rally in the tech sector (acronyms vary) was no longer the case already in January. And TMFC’s stock allocation geared toward a high multiple growth ladder was the wrong place, as growth premium repricing was about to pick up steam. And even though TMFC has been declining almost incessantly this year, I don’t yet know if the infliction point is near and if the bulls are about to regain control.

Indicators fall as growth premiums shrink

2022 for TMFC has been nothing short of calamitous, with only March being more or less successful, with a positive total return of around 5%. April was totally disastrous; it emerged its worst month since its inception in January 2018. The depth of the decline eclipses both December 2018 and March 2020. What is more discouraging is that in both cases it staged a recovery, rebounding particularly strongly in April 2020 as the market was enthusiastically rallying after the first weeks of pandemic chaos. This year, it continued to decline in May and June. The first half of July also offered no relief.

TMFC Returns

Created by author using data from Portfolio Visualizer

Since my April article, TMFC’s price has fallen about 12.5%, underperforming the S&P 500, partly proving my point that the exorbitant valuation of most of its holdings is a drag on its performance, regardless of the strength of its exposure to profitability. factor.

Today I would like to provide an in-depth review of the new version of the TMFC wallet, addressing the additions/removals made during the quarterly replenishment, and harnessing the power of Quant data to answer the question of whether factors have become more upside.

Some minor portfolio adjustments, equally inflated valuations

In the wake of the most recent quarterly reconstruction of TMFC’s underlying index, six stocks were dropped while five were added; both groups have weights of only a few percentage points. In other words, the portfolio has remained relatively homogeneous since its main positions have not been modified. So, at least judging by the fund’s investment decisions this year, it’s keeping its equity mix more or less stable, as the large-cap cohort of the TMF recommendation universe is not subject to scrutiny. a major overhaul.

As illustrated by the dataset on its website, TMFC now has no exposure to the following companies that were present in the late April version of its portfolio:

Arista Networks (ANET) 0.18%
Cloud Flare (NET) 0.16%
The Trade Desk (TTD) 0.14%
OKTA (OKTA) 0.11%
Unity Software (U) 0.11%
Embecta (EMBC) 0.01%

As I mentioned in the previous article, EMBC is a small-cap company spun off from Becton, Dickinson and Company (BDX), a manufacturer of healthcare equipment, in April. It didn’t seem to fit TMFC’s large cap, high conviction strategy, so it was removed on the rebuild as I expected.

The other five stocks likely had their bullish TMF ratings removed and were therefore squeezed out of the TMFC portfolio. It should be noted that their performance this year has been nothing short of dismal, with U’s catastrophic decline recently exacerbated by the announcement of the acquisition and reduced growth prospects for the year being the most profound of the group.


The five additions are shown below:

Texas Instruments (TXN) 0.79%
S&P Global (SPGI) 0.64%
Lowe’s Companies (LOW) 0.64%
Copart (CPRT) 0.14%
CoStar Group (CSGP) 0.12%

Interestingly, CPRT could be found in the January release of the portfolio, then the fund exited its position, and now it appears to have appeared again in the TMF recommendation universe and qualified as the TMFC portfolio. The same is true in the case of the CSGP.

As expected, not much has changed in terms of sector exposure. It appears that TMFC is still staunchly bullish on the technology, with nearly 42% allocated to it as of July 14. Its tilt seems somewhat permanent, due to the market cap weighting, so I don’t expect it to change in the future. The consumer discretionary sector comes in second place, with a weight close to 16%. Of course, he owns Tesla (TSLA) and Amazon (AMZN); other stocks in the CS sector have only about 5.2% weight. There are traces of energy and material stocks, with a total weight of less than 1%.

The minor adjustments to the portfolio discussed above raise the question of whether TMFC’s exposure to return factors has changed, for better or for worse. Well, it’s worth guessing that the sharp decline in the price might lead to a major valuation improvement first.

However, the harsh reality is that even after a stormy first half of 2022, the multiples of its holdings have only compressed slightly. We only see six value players (a B- or better rating) in the fund, with a combined weighting of 2.2%; almost nothing has changed since April, when that figure was around 2.4%.

TMFC Value Stocks

Created by the author using data from the fund and Seeking Alpha

Below are selected evaluation metrics for the group:

Select value metrics for stocks

Data as of July 14 (Created by the author using data from the fund and Seeking Alpha)

About 80.3% have a perfect price, with a D+ Quant Valuation or worse. It’s better compared to January (~89%) but in line with April (~81%). And the cohort of the top 20 is still replete with stocks priced above their sectors, in part justified by stellar quality, but in many cases not backed by industry-leading growth rates.

TMFC Top 20 Holdings

Created by the author using data from the fund and Seeking Alpha

I also believe it is worth discussing the growth profiles again. In the April note, I said I spotted a downward trend in TMFC’s holdings growth rates. This time, I must admit that the trend remains intact.

The weight of stocks with an expected earnings growth rate of at least 20% fell from around 28% to around 24%. The share of those with a forward EPS growth rate above 20% fell from around 54% to around 52.4%. The EBITDA outlook has also become much bleaker: those with growth rates of 20% and better are just 48.8% compared to nearly 60% in April.


Growth-oriented strategies have been hit hard this year, with TMFC being no exception. Initially, it was about the exodus of investors from high-multiple stocks as a preemptive step to prepare for the end of the era of ultra-loose monetary policy. Then it was geopolitics that wreaked havoc on commodity markets, accelerated inflation and spurred the reduction of growth premiums in anticipation of significantly higher interest rates. Lately, recession fears have added to this mix. Unfortunately, in this environment, I see no material reason to upgrade TMFC to a purchase.

Disney’s ESPN+ will increase monthly subscription by $3


July 15 (Reuters) – Walt Disney Co (DIS.N) plans to raise monthly subscription fees for its ESPN+ sports streaming platform by $3 a month, a 43% increase, the company said on Friday .

The price of an ESPN+ subscription will drop to $9.99 per month starting August 23, while the cost of an annual subscription will drop from $69.99 to $99.99. Subscribers will be officially notified next week.

However, fees for those who get a bundle of all Disney streaming services, including Hulu and Disney+, will not be impacted, the company said.

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Shares of Disney rose nearly 4% in afternoon trading.

ESPN+, which offers more than 22,000 live events including top leagues from many sports, last increased its monthly and annual subscription fees in the United States in July last year. (https://reut.rs/3PiCbRG)

Over the past year and a half, Disney said it has added expanded rights to the National Football League (NFL), expanded rights to Wimbledon and the Australian Open, renewed rights to the popular FA Cup and more on ESPN+.

Media companies have been looking for new ways to generate more revenue amid slashing ad spend and stiff competition in the crowded streaming market, with Disney betting on a resurgence in live sports streaming after a lull brought on by the a pandemic.

Netflix Inc (NFLX.O), on the other hand, has teamed up with Microsoft Corp for its planned ad-supported subscription offering as it seeks to make up for slowing subscriber growth by rolling out a cheaper plan. . Read more

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Reporting by Tiyashi Datta in Bengaluru; Editing by Krishna Chandra Eluri and Shailesh Kuber

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Reason for Crypto Rise: Why is Crypto Rising Today (July 15) After US CPI Inflation Data?


The global cryptocurrency market capitalization has increased by nearly 5% in the past day to $934 billion. The prices of several top cryptocurrencies, including Bitcoin and Ethereum, have also surged in the past 24 hours.

At the time of writing, Bitcoin was trading at $20,798 while the price of Ethereum (ETH) was at $1,209. Among other major tokens, the prices of Solana, XRP, Avalanche, and Polygon (Matic) jumped 10% in the past 24 hours, according to data from CoinMarketCap.

The rise in crypto prices may have come as a pleasant surprise to crypto enthusiasts, especially after US CPI-based inflation data hit a new 40-year high of 9. 1%.

Part of the reason for the current crypto price spike today can be attributed to the possibility of interest rate hikes of 0.75 basis points in the US, instead of 100 basis points. base, to fight against high inflation.

US Federal Reserve Governor Christopher Waller said on Thursday he supported a 0.75 basis point increase in interest rates.

READ ALSO | GARI becomes 3rd largest project on Solana with 8 lakh active wallet users in 5 months

Will crypto prices rise further?

The current spike in cryptocurrency prices may be short-lived as overall market sentiment remains in the “Extreme Fear” zone, according to the Crypto Fear & Greed Index. In addition, the rise in interest rates in the United States could be higher to control inflation.

Experts say markets should maintain momentum to regain investor confidence and keep moving higher.

“Bitcoin bounced back above the US$20,000 mark after bulls pushed the coin higher. If buyers can hold BTC at the current level, we could see it test the US$21,000 level soon. The second-largest cryptocurrency, Ethereum, saw an almost 10% surge outperforming BTC after its Shadow Fork 9 went live, pushing the project forward towards merger,” said Edul Patel, co-founder and CEO of crypto investment platform Mudrex.

“Bitcoin gained just over 2% yesterday, closing in on the $21,000 level. Market sentiment appears to be sinking deeper into the fear zone. BTC’s daily chart continues to cross a descending channel pattern,” WazirX Trade Desk analysts said in a note shared with FE.com.

“Meanwhile, the daily MACD is gaining towards the zero level, an indication that the bull market is just around the corner. The next resistance level for BTC is expected at $32,300 and an immediate support level is expected at $17,700,” they added.

(Cryptos and other virtual digital assets are unregulated in India. They are considered extremely risky for investment. Please consult your financial advisor before making any investment decision)

How to Start a Money Conversation

Remembering those first paychecks you received for a summer job, babysitting gigs, or an allowance from your parents brings back nostalgia for simpler times. Fast forward to today, and your kids are probably going through a very similar moment in time.

“Kids start learning about money at an early age and when they start making money, it’s a great time to talk about financially healthy habits that can sustain them into adulthood. , like saving, budgeting, and making the most of what they earn.” Jennifer Brower, Philadelphia Community Leader

Here are some tips to help them start their own journey to financial health:

Let Them Earn Their Own Money: Allowances are a great opportunity for kids to earn their own money for “chores” like watering plants, babysitting, or doing assigned chores. To help manage the money they earn, you can open a children’s bank account that gives them access to their funds with your supervision and control. It’s like a “learning permit” for money, letting you designate how much they can spend and where. Chase First Banking comes with its own debit card so they can start learning financial responsibility, giving them the opportunity to learn the fundamentals of saving, spending and earning.

Discuss “wants” versus “needs”: Teaching your children the importance of saving for the unexpected is a valuable lesson. Talk to your child about what they would like to do with their money and help them create a list to show what might be considered a need and what a want. To keep the conversation going, engage them in family discussions about planning a trip to the grocery store, major purchases, or how to adjust the budget when gas and food prices rise.

Set savings goals: Having a goal in mind can make saving fun. Motivate your children by finding out why they want to save and how they can reach their goal. Take the opportunity to educate them on the importance of setting goals and creating a plan that can help them achieve them.

Consider opening their first account: Many kids may opt for their piggy bank as a safe place to keep their money, but it’s important to teach your kids the benefits of having their money in a safe place. Opening a Chase First Banking account at an early age can be the first step in learning to save and manage for the future. You can make it memorable by visiting your local bank branch and showing them how to use their card responsibly.

Talk about money: It’s important to start conversations about money at an early age – it’s never too early. Have an open conversation about budgeting, discuss the importance of price research to make informed decisions before buying, and keep the conversations going.

For more information about Chase products for children and teens, visit your local Chase bank to speak with a community manager or visit https://www.chase.com/personal/financial-goals/parents.

Do Good Fest returns bigger and better than ever


Vermont Business Magazine Do Good Fest, a benefit music concert hosted by National Life Group at its Montpellier campus, returns after a hiatus during the pandemic. The largest concert in central Vermont is expected to bring together nearly 10,000 people in the company’s natural amphitheater. This year, Do Good Fest features X Ambassadors as headliners as well as American authors, Forest Blakk and Moxie from Vermont.

A new highlight of the event is Beats for Good, a high school music competition. Kingdom All Stars, a group of teenage musicians from the North East Kingdom, won after nearly 6,000 votes were tallied online. They will play the main role in Moxie. The Laker Ladies, a trio from Colchester High School, will sing the song that got them hot on the heels and open Do Good Fest.

Other new features include a VIP lounge and a live streaming option viewable on DoGoodFest.com for those who cannot make it to the event. All proceeds will again benefit Branches of Hope, Central Vermont Medical Center’s cancer patient fund. Do Good Fest has raised over a quarter of a million dollars for this fund over the years, which was previously supported by bake sales. Online donations are progressing well. The amount raised from reserved tickets will be revealed before X Ambassadors takes the stage.

Do Good Fest will also host a nonprofit village featuring 25 local nonprofits, a beer tent, nearly 20 food vendors, and a kids’ zone.

WHEN: Saturday July 16, 2022

1:30 p.m.: Open doors

2:30 p.m.: Welcome announcements

2:35 p.m. – 2:40 p.m.: ladies of the lake

2:45 p.m. – 3:15 p.m.: Kingdom All Stars

3:45 p.m. – 4:30 p.m.: Moxie

4:45 p.m. – 5:30 p.m.: Black Forest

6:00 p.m. – 7:00 p.m.: American authors

7:45 p.m. – 9:00 p.m.: X Ambassadors

WHERE: National Life Group, 1 National Life Drive, Montpelier, Vermont

WHO: Speakers will include:

  • Mike and Mary on the morning of Star 92.9
  • Mehran Assadi, CEO, President and President of National Life Group
  • Fatihah Abdur-Rahman, LifeChanger of the Year Finalist
  • Dr. Nejat Zeyneloglu, Chief Medical Officer of CVMC
  • Dr. David Ospina, hematology and oncology
  • Diane Jones, Oncology Patient Navigator at Branches of Hope

National Life Group® is a trade name of National Life Insurance Company, Montpelier, VT, Life Insurance Company of the Southwest (LSW), Addison, TX, and their affiliates. Each company of the National Life® Group is solely responsible for its own financial situation and its contractual obligations. LSW is not a licensed insurer in New York and does not conduct insurance business in New York.

13.07.2022. National Life Group, Montpelier, Vermont www.NationalLife.com

Mindtree starts FY23 with strong growth and record backlog


First-quarter revenue up 5.5% sequentially in constant currency; EBITDA margins at 21.1%; highest order book at $570 million

BENGALERU, India and WARREN, NJ , July 13, 2022 /PRNewswire/ — Mindtreea global technology services and digital transformation company, today announced its consolidated results for the first quarter ended June 30, 2022, as approved by its Board of Directors.

Mindtree Logo

“We are delighted to report a strong start to FY23 with robust revenue growth, strong margin and record backlog, demonstrating our continued industry-leading growth momentum,” said Debashis Chatterjee, Chairman and Chief Executive Officer and Managing Director of Mindtree. “With revenues of $399.3 million, up 5.5% sequentially in constant currency on healthy demand for our digital capabilities, this is our sixth consecutive quarter of revenue growth of over 5% in constant currency. Our EBITDA was 21.1%, underscoring our disciplined execution and operational rigor. Our highest backlog of $570 million reflects the relevance of our value proposition in achieving large-scale strategic transformation. We are proud of our dedicated teams who continue to exceed customer expectations with passion and determination.”

Key Financial Highlights:

Quarter ended June 302022

Other highlights:

About Mindtree

Mindtree [NSE: MINDTREE] is a global technology consulting and services company that enables companies in all industries to achieve superior competitive advantage, customer experience and business results by leveraging digital and cloud technologies. The digital transformation partner of approximately 275 of the world’s most pioneering companies, Mindtree brings deep domain, technology and consulting expertise to help reinvent business models, accelerate innovation and maximize growth. As a socially and environmentally responsible company, Mindtree focuses on growth as well as sustainability in creating long-term value for stakeholders. Powered by more than 37,400 talented and enterprising professionals in 24 countries, Mindtree, a Larsen & Toubro company, is consistently recognized as one of the best places to work. To learn more, please visit www.mindtree.com Where @Mindtree_Ltd.

safe port

Certain statements in this release regarding our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause our actual results to differ materially from those in these forward-looking statements. Conditions caused by the COVID-19 pandemic could reduce customers’ technology spending, affect demand for our services, delay potential customers’ purchasing decisions, and impact our ability to provide on-site consulting services; all of which could adversely affect our future revenue, margin and overall financial performance. Our operations may also be adversely affected by a range of external factors related to the COVID-19 pandemic that are beyond our control. We do not undertake to update any forward-looking statements that may be made from time to time by us or on our behalf.

For more information, contact: [email protected].

Mindtree Limited, Global Village, RVCE Post, Mysore Road, Bangalore-560059;

CIN: L72200KA1999PLC025564; Telephone: + 91 80 6706 4000; Fax: +91 80 6706 4100;

Email: [email protected]/[email protected]; Website: www.mindtree.com

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Global Melanoma Treatment Industry to 2027 – Players include Novartis, Pfizer, Sanofi and AstraZeneca – ResearchAndMarkets.com


DUBLIN–(BUSINESS WIRE)–Report “Melanoma Treatment Market – Forecast 2022 to 2027” has been added to from ResearchAndMarkets.com offer.

In recent years, there has been an increase in the number of new cases reported due to climate change. These changes are increasing the incidence of melanoma patients worldwide, increasing the demand for appropriate treatment methods. If detected and treated early, the disease is almost always curable.

Rising per capita income, better healthcare facilities, growing health awareness, availability of health insurance services, and advancements in medical science and biomedicine are also contributing to the expansion of the market.

Geographically, North America dominates the market share. The high prevalence of skin cancers in the United States is a major factor contributing to the growth of the market. By type, cutaneous melanoma is widely spread around the world due to too much exposure to ultraviolet rays from the sun and artificial tanning. Based on therapy, targeted therapy is gaining market share due to lower side effects and high efficacy rates.

Growth factors

Growing regulatory approvals

The high importance and hence high investment in the development of effective treatment options is likely to have a positive impact on the growth of the market. Treatment recommendations depend on many factors, and the increasing number of regulatory approvals has had the greatest impact on the market growth.

In 2021, Aldesleukin, Binimetinib, Braftovi (Encorafenib), Cobimetinib Fumarate, Cotellic (Cobimetinib Fumarate), Dabrafenib Mesylate, etc. were among the drugs approved for treatment by the FDA. The focus of prominent companies on the introduction of innovative treatment options and drugs will help drive the growth of the market in the coming years.

Impact of COVID-19 on the Melanoma Treatment Market

The pandemic has had a delayed effect on various diagnostic methods due to several restrictions and risk exposure of patients with comorbidity. A drastic reduction in skin biopsies was observed early in the COVID-19 pandemic, which disproportionately affected older people, women, and certain geographic regions. Efforts have been made by the government to contain the situation without further delay.

Competitive outlook.

  • In 2021, Oncosec Medical Inc. and Merck and Co. collaborated to study stage III metastatic melanoma.

  • In 2021, Amgen completed the acquisition of Five Prime Therapeutics, a clinical-stage biotechnology company focused on the development of immuno-oncology and targeted cancer therapies, for $38.00 per share and is poised to acquire Teneobio, a private clinical-stage biotechnology company.

  • In 2020, Iovance Biotherapeutics, Inc sold $500 million of its common stock, subject to market and other conditions, in a subscribed public offering. In 2021, there has been some turbulence and the company is looking for buyout options.

  • In 2019, Bristol-Myers Squibb Company and Celgene Corporation entered into a definitive merger agreement under which Bristol-Myers Squibb will acquire Celgene for approximately $74 billion to create an innovative biopharmaceutical company.

  • In 2020 Novartis AG acquired The Medicines Company and in 2018 GlaxoSmithKline plc reached an agreement with Novartis to buy Novartis’ 36.5% stake in their Consumer Healthcare joint venture for $13 billion.

  • In 2020, the FDA approved the drug selumetinib from AstraZeneca and Merck & Co. to treat neurofibromatosis type 1, or NF1, a rare and usually inherited condition that causes tumors to grow inside nerve sheaths. Merck joined AstraZeneca to develop and commercialize Koselugo in a deal that included the ovarian cancer drug Lynparza.

Companies cited

  • Merck & Co. Inc.

  • Amgen Inc.

  • Iovance Biotherapeutics, Inc,

  • Bristol Myers Squibb

  • F. Hoffmann-La Roche SA

  • Eisai Co., Ltd.

  • Novartis AG

  • Pfizer Inc.

  • Sanofi

  • Astra Zeneca

Market segmentation :

By type

  • Cutaneous melanoma

  • Ocular melanoma

  • mucosal melanoma

By therapy

  • Operation

  • Immunotherapy

  • Targeted therapy

  • Chemotherapy

  • Radiotherapy

By geography

  • North America


  • Canada

  • Mexico

  • South America

  • Brazil

  • Argentina

  • Others

  • Europe

  • UK

  • Germany

  • France

  • Spain

  • Others

  • Middle East and Africa

  • Saudi Arabia

  • Israel

  • Others

  • Asia Pacific

  • Japan

  • China

  • India

  • Indonesia

  • Taiwan

  • Thailand

  • Others

For more information on this report, visit https://www.researchandmarkets.com/r/i7arc8

Soaring IT Costs Drive Business Automation | information age


Businesses are automating processes to reduce IT expenses, study finds. Source: Shutterstock

The pandemic’s surge in online shopping has forced retailers to automate the processing of returns and refunds, according to new research that found automation has become easy enough to use for business leaders to embrace it without the help of computers.

At least two-thirds of the 900 companies surveyed for the new Workato publication Work automation index reported having five or more departments using automation tools, while the number of organizations with seven or more departments using automation has tripled since 2019.

Non-IT automations account for 75% of automations this year, up from 60% last year, reflecting strong adoption of workflow automation tools in business areas such as finance, resources human resources, sales and marketing, customer support, etc. .

The use of automation to process customer returns and refunds – a once laborious process that offers no direct financial benefit to businesses – has increased by 335% since 2019.

This growth “is a strong indicator that we will place greater emphasis on a smooth returns and refunds process in the coming year,” the report notes, “[which is] no surprise as online shopping remains the main commerce channel of choice despite the reopening of physical stores. »

Automation is also growing in business functions such as recruiting (up 310%), record-to-report business analytics (up 290%), procure-to-pay in purchasing (up 283% ), employee integration (255%). percent) and customer support (230 percent).

By building rule-based automations that guide employees, customers and business partners through routine transactions, Workato CIO Carter Busse said departments process more requests without having to add more staff – a particularly difficult prospect in today’s climate – or even having to call on the IT department to set up the automation.

“IT teams are now becoming the least dominant creators of automation within organizations,” Busse explained. “It demonstrates that when you have the right guardrails, the right governance, and the right tools in place, business users can safely create automations.”

“From finance becoming the most automated department to HR seeing the value of automation in helping improve the employee experience, we will continue to see this type of growth and adoption as automation becomes more accessible. in all departments.

Enter the era of hyperautomation

The push to automate repetitive business processes was already growing in popularity before the pandemic, with workers worried about layoffs as IT departments worked hard to streamline day-to-day operations.

However, as businesses now face multiple challenges at once – including limited staff availability, rising customer expectations and a difficult financial climate – using automation to improve efficiency has become crucial for their survival.

80% of IT managers see automation as the key to cost optimization and, recently, Gartner predicted70% of enterprises will have automated their infrastructure by 2025, up from just 20% last year.

Gartner calls the trend hyperautomation – defined as “a disciplined, business-driven approach to quickly identify, control, and automate as many business and IT processes as possible” – and named among the most important business challenges of this year.

Automation at Workato customers corroborates new figures from Salesforce subsidiary MuleSoft, whose recent customer survey found that 91% of customers said sales teams had increasingly demanded automation over the past two years.

Australian companies were slightly ahead of the global pace in automation, with increased demand driven by research and development, administration, customer service and finance and accounting business units.

Yet despite all the excitement around hyperautomation, most Australian businesses acknowledge that it remains complex to implement, with 93% admitting that overhauling their existing automation systems could increase’technical debt‘.

“Organizations in all industries want to automate processes and customer experiences as quickly as possible,” said Matt McLarty, CTO and Global Vice President of MuleSoft Digital Transformation Office, arguing for a ‘composable‘ approach to business and warning that “if they try to go fast with the wrong tools and techniques, they will actually get in the way of true innovation”.

“It’s vital that organizations become more adaptable to technological change,” he said, “allowing them to create automations and connect data and applications holistically.

“Without adopting a more composable approach, organizations risk increasing rather than reducing their technical debt.”

Fed official: Strong economy can handle rising rates


WASHINGTON — The U.S. economy is healthy and showing few signs of an impending recession, and can handle higher interest rates, St. Louis Federal Reserve Chairman James Bullard said Monday.

Financial markets are showing flashing signs that an economic slowdown could come next year as Americans grapple with the highest inflation in four decades and the Federal Reserve raises borrowing costs. But Bullard said in an interview with The Associated Press that the central bank would not have to plunge the economy into a recession or dramatically increase unemployment to bring inflation back to its 2% target.

“We now have a lot of inflation, but the question is can we bring (inflation) down to 2% without disrupting the economy? I think we can,” he said.

Bullard’s optimism coincides with a rapid pace of interest rate hikes by the Fed, intended to tackle the highest US inflation in 40 years.

Higher rates limit the ability of consumers and businesses to borrow and spend, which can dampen growth and inflation. But they also carry the risk of tipping the economy into a slowdown.

Consumer prices rose 8.6% in May from a year ago, and a government inflation report on Wednesday could show they rose.

Bullard also said he currently supports a 0.75 percentage point hike in the Fed’s benchmark short-term interest rate at its next meeting later this month. Its rate is currently in a range of 1.5% to 1.75%, after rising 0.75 percentage points at its June meeting, the largest since 1994.

Separately, Esther George, president of the Federal Reserve Bank of Kansas City, sounded more cautious in a speech on Monday, in which she suggested that the Fed’s sharp rate hikes could prove disruptive.

“I certainly support the idea that interest rates need to rise quickly, recognizing that current rates are out of sync with the current economic landscape,” she told a labor conference in Lake. Ozark, Mo. “However … policy changes transmit to the economy with a lag, and large, abrupt changes can be unsettling for households and small businesses as they make the necessary adjustments.”

George was the only Fed policymaker to oppose the Fed’s June rate hike, fearing it was too big.

George noted that after just four months of Fed rate hikes, “there is growing talk of recession risk, and some forecasts are calling for interest rate cuts as early as next year.” . Those concerns suggest the Fed is raising interest rates “faster than the economy and markets can adjust,” she added.

The Fed typically moves rates in quarter-point increments, but Chairman Jerome Powell said the Fed wants to move “quickly” to a level of around 2.5%, which would neither boost nor dampen growth. .

The government’s jobs report on Friday showed employers added 372,000 jobs, a healthy increase, while the unemployment rate remained at 3.6% for the fourth month in a row, slightly above the trough. of five decades reached just before the pandemic.

The robust numbers contrast with signs of a slowing economy, from falling home sales to falling industrial production to slowing consumer spending. The economy contracted in the January-March quarter and real-time data trackers, like the one maintained by the Federal Reserve Bank of Atlanta, suggest it did so again in the April quarter. -June.

Two-quarters of falling output would be a rule of thumb for a recession. But the official definition of a recession, compiled by the National Bureau of Economic Research, looks at a much wider range of data to determine whether a downturn has occurred.

Bullard said other measures of the economy, such as a large measure of worker and business incomes, suggest the economy may have grown in the first six months of this year. Businesses and other employers also added 2.7 million jobs during this period, a solid total that reflects the optimistic outlook for businesses.

“It just doesn’t look like the US economy has been in a recession for the past two quarters,” Bullard said.

Bullard also disagreed that the economy needed several years of high unemployment to bring inflation under control, a view expressed weeks ago by former Treasury Secretary Larry Summers. .

Unlike in the early 1980s, when sharp interest rate hikes by the Fed pushed unemployment above 10%, the Fed now has more credibility as an inflation fighter, Bullard said. As a result, an inflationary psychology hasn’t gripped most consumers, as it did then, and the central bank won’t have to raise rates as much.

Other Fed officials have said they support a three-quarter point increase in the Fed rate in July, including Atlanta Federal Reserve Chairman Raphael Bostic.

“I fully support the 75 basis point move,” Bostic told the CNBC Financial Network on Friday, using financial terminology for a three-quarter point hike. “The tremendous momentum in the economy suggests to me ‘the Fed could implement such an increase’ and not see much prolonged damage to the broader economy.”

Christopher Rugaber is an AP Economics writer.

Are you over 50 and looking for a job? Here’s what to know about age and work


Klaus Tiedge | Mix images | Getty Images

With the bear market hitting retirement portfolios hard, bonds as mediocre as stocks, and inflation raging, what seemed like secure retirement income may be more of a pipe dream for many older Americans who had left the job market or were planning to retire soon. The economic situation is pushing more workers of retirement age back into the labor market. A recent CNBC survey found that a majority of retirees would consider returning to work. But finding the right job isn’t always easy.

Many companies don’t offer the flexibility that many older workers want later in life. Age discrimination is another factor, with 78% of older workers saying they have seen or experienced age discrimination in the workplace, according to 2021 data from AARP. This is the highest level since 2003, when AARP began tracking data.

Yet many companies are increasingly looking to attract mature workers, and for good reason. On the one hand, the labor market is as tight as it has been for decades and there are now two open jobs for every worker in the country, and companies are struggling to recruit and retain talent. . Research from employee planning firm Homebase suggests older people are more engaged; more likely to look forward to work; more connected to their businesses; and less likely to consider quitting smoking. That makes older workers particularly attractive in today’s tight job market, said Jason Greenberg, chief economist at Homebase.

Here are four tips to help older workers find an age-friendly employer.

1. Identify companies that are committed to hiring older workers

Start with those who have publicly committed to leveling the playing field for older workers. More than 1,000 companies, including Humana, Microsoft, Marriott International and McDonald’s, have joined the AARP Employer Pledge program. Eligible companies must not have been sued for discrimination in the past five years. They must also agree to recruit from various age groups and consider all applications equally, regardless of age. AARP also offers a job board to help match experienced candidates with companies that are committed to having a diverse age employee base.

The Age-Friendly Institute also certifies companies that are considered best-in-class for workers aged 50 and over. Candidates go through a thorough review and certification process, which includes a commitment to “meaningful employment, development opportunities, and competitive pay and benefits for employees over 50.” The list, last updated in April, includes Aetna, Home Depot, Macy’s, Starbucks and Wells Fargo.

Just be aware that these lists can change and don’t give you the full picture, so be sure to do your due diligence on any company you’re considering, said Lance Robertson, former assistant secretary of the U.S. Department of Health and Human Services. for Aging, who is now a director at Guidehouse, a global provider of consulting and IT services.

2. Look for clues in job postings

Older candidates should check out a company’s job postings, which can give insight into the company’s culture and whether they really include age, said Paul Lewis, chief client officer at Adzuna, a online job search engine. Older job seekers should look for language that specifically states the company does not discriminate based on age, he said.

Conversely, seniors should be wary of companies that use the term “digital native” in a job description or set a cap on the number of years of experience as a job requirement, said Karina Hertz, director of AARP strategic communications.

Additionally, websites like LinkedIn, Facebook, and Glassdoor can be helpful in finding resources and information about a company’s employment practices, including its commitment to older workers. And talking to current and former employees is also a good opportunity to gather information, Robertson said.

It’s also worth checking out what tools, if any, a company offers to help older workers find jobs. Humana, for example, has a careers site, with a “jobs after retirement” section where seniors can search for jobs, learn about popular roles for older workers, and get answers to FAQs, including what might be the impact of working on their Social Security benefits. Workers who are younger than what the Social Security Administration considers their full retirement age and earn more than the annual earnings limit, $19,560 in 2022, may have their benefits reduced. This means a deduction of $1 from your benefit payments for every $2 you earn above the annual limit, for those who have not reached full retirement age all year.

3. Tap HR for specific answers on learning, benefits

After doing your basic research, be sure to speak to a company’s human resources department to better understand company policies, Robertson said.

Seniors should inquire about the types of supports the company offers for caregivers and what flexible work options exist in case an employee needs to take on or increase existing responsibilities. This can include an array of options, including job sharing, compressed work weeks, remote work, hybrid work and project-based work, said Chantelle Johnson, associate vice president of the hand -work and culture at Humana. It’s also important to know if the company offers senior networking groups, which is a good way for mature workers to connect and benefit from shared experiences, she said.

Team collaboration approaches and learning and development opportunities are important to know in advance, said Ronni Zehavi, CEO of HiBob, an HR technology platform. “Even if someone has been in the workforce for 30 years or more, that doesn’t mean they’ve acquired all the wisdom they want,” he said.

It’s equally important to ask how this learning happens, as many older adults aren’t as tech-savvy as their younger counterparts. Find out if the company offers options other than online and app-based training, Robertson said. And health care options, including dental, vision and pharmaceutical benefits, become even more important as people age, so that needs to be understood, he added.

4. Know the red flags

Check to see if older workers are featured on the company’s website and in promotional materials. According to Lewis, it’s a bad sign if the organization chooses to only feature employees in their 20s and 30s.

And if a potential employer asks you how old you are, when you graduated, or any other question designed to gauge your age — whether on an application or during a job interview — consider that a red flag. , Hertz said.

They shouldn’t say things like, “I wasn’t even born when you had that work experience or went to college,” Lewis added.

TVS Motor Stock Set to Benefit from Profitability Gains in FY23: Brokerages


Margin expansion expectations, picking up volumes, falling commodity prices, improving market share and increased focus on the electric vehicle (EV) product portfolio are triggers keys for India’s third largest publicly listed two-wheeler manufacturer, TVS Motor Company.



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First published: Sunday, July 10, 2022. 5:01 PM IST

Editorial overview: Saturday, July 9, 2022

The Index-Journal
July 7
Get ready for a big weekend

South Carolina Flower Festival, we thank you for all you gave us at the start of the spring and summer season in Greenwood. It was good to get out again, enjoy the topiaries, various events, gardens, wine walk/beer garden and much more.
You have prepared a lot for what awaits us in this busy weekend, which begins today.

Over this long weekend, throngs of people will flock to downtown Greenwood to enjoy the 21st incarnation of the Festival of Discovery and Greenwood Blues Cruise.
Congratulations to Paula Brooks who 22 years ago gave birth to this baby who has grown into the pretty impressive young adult he is today. And congratulations to city staff, from Angela Fain Lorenzen, who succeeded Brooks, to former city manager Charlie Barrineau, current city manager Julie Wilkie, community development manager Lara Hudson, Gibson Hill, who runs the events and is the market co-ordinator for the city, and a host of others who year after year help organize this event and have kept it so well maintained.
We’d be remiss if we didn’t also pay homage to Gary Erwin, the incredible coordinator and organizer of Blues Cruise, who has lined up the musicians since year one. Not only does Erwin bring all the musicians together and coordinate where and when they will perform, but he is also an accomplished songwriter, keyboardist and performer in his own right. He never disappoints.
So get ready now to go out today, Friday and Saturday, for great food, great music and great times. And yes, there will probably be heat. And a little rain. It’s July in South Carolina, after all, so dress appropriately, drink plenty of water to stay hydrated, and take breaks as needed. Don’t miss a great weekend.

Times and Democrat
July 7
RMC Necessity: Thrive, Not Just Survive

Orangeburg County continues to focus on development, seeking to market itself as an ideal location between Charleston and Columbia. A key part of any development plan is to show prospects that the community has quality health care.
For more than 100 years, the Regional Medical Center – and Orangeburg Hospital under various names – has anchored health care for the county in the state with the second largest area and served people from Calhoun, Bamberg and by the way. RMC is an essential regional health care facility for a large rural area, providing services beyond what is available in most rural hospitals.
Through transitions in the country’s healthcare system, RMC has remained viable. The challenges have been many for a public hospital (owned by Orangeburg and Calhoun counties) that has a disproportionate share of patients unable to pay for services. With the obligation to provide care to all comers, the RMC relied on government grants for indigent patients.
The formula today is different. The Affordable Care Act limited direct subsidies to hospitals for Medicaid expansion, giving those with program coverage to pay for care. But South Carolina never expanded its Medicaid program, which means there are no federal funds to accompany state dollars for new clients — and no dollars for RMC as it provides care for people who might otherwise have received Medicaid.
The RMC has asked for help from the state to meet the challenges of continuing to provide care in the face of monetary losses – losses that threaten the future of the RMC. But requests for funding to tackle more than $30 million in debt gave way in the legislature to a budget clause allowing RMC and the Medical University of South Carolina to explore a partnership.
Charleston-based MUSC and the Medical University Hospital Authority, a component of MUSC, are seeking a partnership with RMC that would provide RMC with a number of resources, including clinical, educational and research programs for the purpose of to improve hospital care and financial results. The proposal was the subject of a meeting last week involving Orangeburg and Calhoun county councils and legislative delegations, the RMC board and MUSC officials. The session was a first step.
Orangeburg representative Gilda Cobb-Hunter said that upon hearing about RMC’s financial difficulties, she wanted to make sure the hospital was solvent. She sees bonding with MUSC as a way to help RMC do more than just survive.
“We are not interested in the survival of the Regional Medical Center,” she said. “What we want to do is make sure RMC thrives.”

The proposal would keep the RMC board in place for quality oversight, accreditation of medical personnel and community engagement, while financial responsibility for RMC would rest with the MUSC board. All RMC employees would remain.
MUSC CEO Dr Patrick Cawley cited the benefits RMC would see from a partnership, including better market share and pricing for medical supplies and equipment, and MUSC’s leadership and experience.
Cawley also said another big benefit is recruiting nurses and doctors. MUSC would discuss whether RMC employees should become state employees. MUSC officials say that in other partnerships with MUSC, all have agreed to become state employees.
This relationship would mean that primary care physicians at RMC would have the opportunity to join the MUSC network.
Regarding hospital debt, Cawley said RMC and MUSC will work together as MUSC has done by linking up with other hospitals in the state, including MUSC Health Florence.
The plan gets the attention of the two county councils, which nominate the members of the RMC board of directors. He seems to have the support of lawmakers. And ultimately, he should have the support of current RMC board members. It’s not a done deal, but the plan has the potential to be good for RMC’s future as a public hospital that continues to be owned by the people of Orangeburg and Calhoun counties.
Cobb-Hunter is on the right track: “We believe that given the fiscal situation, the changing healthcare landscape, we’re going to have to find another way of doing business so that RMC not only survives, but prosperous.”

Post and courier
July the 5th
Welcome state’s dismissal of allegations of groundless election irregularities in primaries

File this under things we never thought we’d have to say: It was heartening to see the SC Republican Party Executive Committee unanimously overturn a decision by a rogue county party, which had voted to ignore the will of the voters after those voters did ‘ In support of the candidate for Greenville County Council, local elected officials preferred.
We can’t say for sure what motivated the GOP leadership to reject Councilman Joe Dill’s bid — or gubernatorial candidate Harrison Musselwhite and attorney general candidate Lauren Martel, who have yet to win. the GOP nominations last month. It is possible that the members of the executive committee simply preferred the candidates who won the elections.
But we prefer to believe what the party said, in all three cases: that “no candidate provided credible evidence that could quantifiably alter the outcome of the primary.” That is to say: just claiming that an election was stolen – without any credible evidence or even guidance – does not make it so.
If so, it marks an important step forward for party apparatchiks who were at the forefront of peddling the unsubstantiated and in many cases totally discredited claims that the 2020 presidential election was stolen. .
Our election results have always been disputed, some serious and some laughable. Who can forget the trial of Democratic presidential candidate Al Gore challenging George W. Bush’s 2000 victory in Florida – a victory that, too often forgotten, a team of reporters from the nation’s most respected mainstream media replicated when conducted their own recount after the fact?
But Mr. Gore, like all the other challengers who were given attention before 2020, accepted the decision of our judicial system. What sets 2020 apart is that former President Donald Trump and many of his supporters — including members of the SC Republican Party leadership — continued to insist that the 2020 election had been stolen. This is even though these claims have been dismissed in court after court, up to and including the United States Supreme Court, and including several Justices and Supreme Court Justices appointed by Mr. Trump.
While Greenville County Council winner Joey Russo stressed the importance of making sure every vote is legitimate, he also noted that “Orchestrate an effort to void (an) election because you don’t like results is just as dangerous to our elections as cheating”. in an election.”
Clearly, at least in Ms. Martel’s case, the orchestration began before the vote: On the day early voting began, she sent emails suggesting voters wait and vote on primary day. – implicitly endorsing unsubstantiated suggestions that only vote the cast would then be counted correctly. This in a state where there have been no credible allegations of widespread voting irregularities, and where the legislature nonetheless revised our election law this spring to inject several new layers of security.
We used to have a term for people who make such claims: paranoid conspiracy theorists. Now too often we just call them political candidates.

Service Corporation Stock: a deadly and serious investment


AWhile the euphemistically called death care industry is not pleasant table conversation, it is important. It doesn’t matter who you are, what you believe in, or how much money you have, the Grim Reaper is coming for all of us. Therefore, Service Corporation (SCI) enjoys the best investment story of all: inevitability. I’m bullish on SCI stocks.

Scan the corporate headlines right now, and you’re almost certain to come across stories about a possible looming recession. As a result, many financial analysts steer their readership towards various insights that can help them navigate treacherous economic waters.

Under these circumstances, investors may be better served if they focus on relevant business models at all times, and death care couldn’t be more relevant if they tried.

Aside from respectfully various theological discussions, everyone who ever lived is dead. This is the fundamental driver of the SCI stock. Moreover, the intensity of this narrative aligns with basic economic principles.

Whether they live or not, people have to reside somewhere. Since land is a finite resource, at some point the prices of final settlements will skyrocket due to changing supply and demand dynamics.

In fact, several publications have warned that urban cemeteries are running out of space. In addition, BBC News reported a few years ago that the world was running out of burial space.

Admittedly, this is a macabre (some might say tasteless) investment thesis. Nonetheless, the stark reality is that SCI stock is sitting on an unprecedented demand driver.

Service Corporation can outperform

On TipRanks, SCI has a Smart Score rating of 8 out of 10. This indicates moderate potential for the stock to outperform the market as a whole.

SCI Stock and the Death Boom

In future history books, 2019 might be seen as a milestone in time. Not only was this the last year before the horrific COVID-19 pandemic, but it was also the year that millennials overtook baby boomers as the largest generation of living adults.

Nevertheless, the fact that it has taken young people so long to overtake baby boomers shows what Pew Research Center labeled as their outsized presence compared to other generations. In 1999, baby boomers reached their peak population at 78.8 million people. At the time, they represented more than 28% of the total population of the United States.

However, using simple logical deduction, what goes up must come down. What has historically represented the greatest boom in live births will invariably result in the greatest boom in final arrangements. With the aforementioned factor of limited space in cemeteries, the demand for traditional burials is sure to skyrocket.

Additionally, immigration patterns will eventually play a significant role for companies like Service Corporation. Without going into details, some religions have specific protocols for final arrangements that do not correspond to space-saving measures like cremation.

Again, various factors are converging “positively” for the death care industry.

Cynicism galore

Although SCI stocks are a cynical investment from a multitude of angles, the fact that people are dying is not part of a macabre thesis. Again, with the exception of some religious belief systems, everyone who lived died. The cynicism of Service Corporation and its ilk comes alive through the potentially coming recession.

According to various studies, major economic downturns are correlated with higher death rates. This is not an unusual thesis because, psychologically, many people’s sense of identity and worth is tied to their profession. As you know, one of the first questions asked during early social introductions is what a person does. Therefore, the inability to answer this question (because of layoffs) tends to increase deaths from despair.

Additionally, as confirmed by the COVID-19 crisis, simply being socially isolated can lead to health risks, such as unwanted weight gain. If left unchecked, the increase in sedentary lifestyles resulting from recessions – not to mention depressions – can lead to chronic diseases such as diabetes. Naturally, these poor health outcomes would increase the likelihood of higher death rates, thereby cynically increasing the stock of SCI.

Wall Street’s view on SCI stocks

As far as Wall Street is concerned, SCI is a moderate buy based on a single buy rating. Service Corporation’s price target is $74, implying an upside potential of 4.8%.

A rather believable story

To be completely transparent, an economic recession does not necessarily mean bad luck for people (and therefore a boom for the SCI stock). For example, fewer people with jobs translates to fewer people on the road, thus eliminating road fatalities, and fewer cars on the road also means better air quality, thus improving life expectancy. .

Nevertheless, as America’s opioid crisis has demonstrated, desperation is mounting. Therefore, the cynical argument for the SCI stock remains largely robust. However, whatever nasty factors surround the death care industry, they don’t change the demographic realities.

It comes down to basic scientific principles. Mass in a controlled environment is neither created nor destroyed. This means that anyone born into this world will eventually occupy this world permanently. Until that narrative changes, SCI stocks are an investment you can believe in.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Seed equity is a great retirement plan, if you can pull it off


Nearly two years ago, Trevor Ford quit a job at LendingTree that gave him a 401(k) plan and a generous employer match to work at Yotta, an online banking app.

When Mr. Ford started working there, Yotta, like many start-ups, did not offer 401(k) plans to its employees. Instead, Mr. Ford received equity compensation in the form of incentive stock options, which give him the right to buy company stock at a discount. He believes owning stocks early on offers a better opportunity to accumulate wealth than an employer-sponsored 401(k) plan with matching contributions.

“The net worth could be well into the seven figures, hopefully, and maybe more,” said Mr. Ford, who is 33 and lives in Austin, Texas. “That’s more than enough to retire.” But Mr. Ford’s equity will only have value if Yotta becomes a successful public company. (Yotta recently gave employees access to a 401(k) but doesn’t match their contributions; Mr. Ford makes a small contribution.)

Swapping a job at a company with a traditional 401(k) plan for a job at a startup that offers equity gives employees a rare opportunity to receive a large payout at a young age. Although the potential gain may be far greater than that of a traditional pension plan, equity is worth nothing until someone buys it or the company goes public.

“In terms of building wealth, investing in a 401(k) is like running a marathon, whereas investing in equity in a business is like running a sprint,” said Jake Northrup, certified financial planner at Experience your heritage in Bristol, RI, which specializes in helping millennials manage their equity compensation. “If a start-up hits a home run, you may be able to achieve financial independence at a very young age with your company’s equity,” Northrup added. He estimates that about 20% of his clients have received some sort of equity payment.

Mr. Ford is betting on equity in part because he watched his friend Andy Josuweit, founder and managing director of Student Loan Hero, receive a huge payout when LendingTree acquired the startup for $60 million in cash in 2018. “At 31, he walked away with a life-changing sum of money,” Mr Ford said.

Not all start-ups are successful, of course. A analysis conducted this year by CB Insights, a company that studies venture capital and start-ups, found that 70% of start-ups fail.

“You have to keep in mind that it might not work,” said Chris Chen, certified financial planner at Insight Financial Strategists in Lincoln, Mass. “When you’re in your 20s or 30s working in a start-up, time seems endless, but at some point you’ll have to retire,” Chen said.

Annie Fennewald was one of the first dozen employees at a fast-growing technology company in Missouri, and she worked there for almost seven years. In May, after selling her shares through a private equity sale, Ms Fennewald, 44, was able to retire about eight years earlier than she had planned.

Although she received a seven-figure payout, Ms Fennewald said she was not relying on her equity as her only retirement plan.

“I’ve always treated stocks like a lottery ticket,” she said. “It could be valuable, but I haven’t really staked my retirement on it.” When the company started offering a 401(k) plan four years ago, it paid out the maximum amount. Often, as start-ups move out of seed funding and reach 50 or more employees, they offer a 401(k).

But not everyone is able to sell their shares.

Danielle Harrison, a certified financial planner in Columbia, Mo., has a client who wants to retire but is waiting for her business to go public so she can raise nearly $2 million in equity. “It’s hard to completely depend on something like this,” said Ms Harrison, owner of Harrison Financial Planning.

If you’re a start-up employee and are considering forgoing a more traditional path of retirement savings in favor of equity, here’s what you need to know.

Stock-paid employees typically receive several thousand shares that they can purchase at a discounted price before the company goes public. If they leave the company, they usually have 90 days to purchase their options. For example, one of Mr. Northrup’s clients worked at a start-up company and had 65,000 stock options which were granted at 13 cents per share. His client paid $8,450 to exercise these options.

Shares in the company are now valued at more than $25, making those shares worth $1,625,000, whether the company makes an initial public offering or is acquired, Mr. Northrup said.

“The option you have when you leave is to buy the equity and hope that at some point something will happen,” said Jessica Little, 32. She and her husband, Matt Little, 40, worked on several early starts. -ups and usually buy their shares when they leave. This investment has paid off many times over, Ms Little said.

However, exercising stocks and buying stocks is not without risk. There is no guarantee that you will ever see this money again or that you will receive any gain from your investment, and the value of the stock may fluctuate.

The exercise of options also has tax consequences. “One of the reasons people don’t exercise their options is that it could cost millions of dollars in taxes,” said Jordan Gonen, co-founder and chief executive of Compound, a wealth management platform that helps people with equity manage their long-term financial health. These taxes must be paid even before the income from the investment is realized, Mr. Gonen said.

The need to have money to buy stock options and pay taxes on that purchase is why many people who work in start-ups are reluctant to tie up their money in vehicles. traditional retirement funds such as a 401(k) or a Roth IRA – neither. which can be fully accessed without penalties until later in life, Mr. Northrup said.

The mistake some people make is to become so attached to the company they work for and its stock that they don’t want to give up their capital, fearing they’ll miss a big payment, Chen said. “When you have equity and your salary is tied to the same company, you already have too many eggs in one basket,” Ms. Fennewald said. For some, this concern has taken on new urgency, given the recent plunge in start-up sales and IPOs, which fell more than 80% in the first half of this year, according to figures released this week. .

Both Mr. Chen and Ms. Harrison recommend saving money in multiple accounts, including a Roth IRA and a health savings account.

Many start-ups have high-deductible healthcare plans, so opening an HSA is a great way to have a triple tax advantage, Ms. Harrison said. The money is paid into the account tax-free. Money held there is not taxed, and when you withdraw money to pay for a health care expense, it is also not taxed.

Once employees have maxed out a Roth IRA and HSA, Mr. Chen and Ms. Harrison recommend that they open a taxable brokerage account that allows them to invest in stocks and bonds.

“If you are young and 20 to 30 years old before you need this money, you can invest in the stock market,” Chen said. A brokerage account might be a better investment plan if you’re young, he said, because if you take money out of a 401(k) or Roth IRA before the age of 59.5 years, it will be taxed as income (with some exceptions). But if you put money in an S&P 500 index fund and withdraw the money after a year or more, it will be taxed as capital gains, which at a rate of 15% is generally lower. at the income tax rate, he said. .

Mr. Ford worked at Student Loan Hero when it was acquired in 2018, and because he had equity, he received almost $200,000. After paying off his student loans and opening a Roth IRA, he opened a brokerage account.

After Ms Little and her husband used some of their capital to pay off student loans, they spent the rest buying property, including a lakeside house in Maine. “We see it as a retirement investment that we actively benefit from today,” said Ms Little, who is chief of staff at To catch, an app that helps users save for retirement by depositing a percentage of their earnings into an IRA “The return on these investments will be much more valuable in the long run than if we had funds wrapped up in a 401(k)”, said Ms. Little said. Her husband also works at Catch, and both contribute to 401(k) Catch offerings — although they don’t want to put all their money into it until retirement.

“Most young people don’t think about retirement or benefits the way their parents and grandparents did,” Ms Little said. Mr Ford admitted he doesn’t often think about retirement and neither do most of the people he interviews for jobs at Yotta. “Retirement benefits are not a deciding factor,” he said.

The Elbert Files: Interest Rate Hiccups


Are we headed for a recession?

It’s a natural question when inflation is rising as rapidly as it has in recent months, but not an easy one to answer.

Might as well ask questions about the war in Ukraine: will it spread or settle into a Korean-style stalemate?

Or on gas prices: will they continue to climb or settle into a new normal as they did in the 1970s following the Arab oil embargoes?

Today’s inflation is the product of supply chain issues created by a global pandemic coupled with war in Ukraine, high gas prices and a host of other factors, all of which are twisted into a Gordian knot, like we haven’t seen in sometime.

But does that mean we are headed for recession?

Maybe, but maybe not.

One way to predict future recessions is to look to the past and see what makes sense.

That’s what economist and investment strategist James Paulsen of the Leuthold Group in Minneapolis did in a recent newsletter. Born and educated in Iowa, Paulsen is widely quoted and appears regularly on financial programs on CNBC and Bloomberg TV.

“Right now,” Paulsen wrote in a June 21 newsletter, “equities are in a bear market, but whether this proves to be an end of cycle ‘and lead to a recession’ remains to be seen. or just a “rate hiccup”. .

By “rate hiccups,” he means when interest rates change direction rapidly, usually as a result of action by the Federal Reserve Board of Governors.

Since the 1981-82 recession, the United States has experienced four economic downturns known as recessions, when total economic output has declined for at least two consecutive quarters.

The longest was what we now call the Great Recession, which lasted 18 months from December 2007 to June 2009 and was caused by the collapse of the mortgage industry. The shortest in recent history was the two-month COVID-19 recession two years ago, which lasted from February to April 2020.

The average number of interest rate hiccups between recent recessions has been two, according to Paulsen’s calculations.

So far, only one rate hiccup has occurred since the 2020 recession.

With current interest rates rebounding at or near historic lows, it seems to me there could be room for additional rate hikes before another recession sets in.

Of course, that depends on other factors, including how quickly recent rate hikes slow the economy. Much depends on consumer confidence. If he slams on the brakes, a recession would come sooner than if spending shifted to a lower gear.

Then there’s all the money the federal government pumped into the pipeline during the worrying days of the pandemic. It is targeted for new infrastructure, including rural broadband, and long-awaited upgrades to facilities such as Des Moines International Airport.

Most of this money is just starting to be spent and should continue to support various sectors of the economy, assuming things don’t get too overheated.

And that – too much heat – is what concerns the Federal Reserve today. This is why money magicians raise interest rates. This is what caused the hiccup in our current rate.

Which brings me back to Paulsen and his analysis of rate misfires.

Paulsen uses a chart of 10-year bond yields to show when rates crashed. And while today’s 2% yields are vastly different from the 12% yields of 1984, the economist sees a parallel in the hiccups.

Like today, he writes, inflation was the No. 1 fear in 1984.

At the time, the Federal Reserve was able to adjust interest in a downward slope that produced relatively solid growth for nearly eight years before the next recession hit in 1990.

Is it possible that the latest rate hikes by the Federal Reserve are a hiccup on an upward slope toward further growth, rather than signs of an impending recession?

Only time will tell.

Editorial Summary: South Carolina | Belleville New Democrat

The Index-Journal. July 7, 2022.

Editorial: Get ready for a big weekend

South Carolina Flower Festival, we thank you for all you gave us at the start of the spring and summer season in Greenwood. It was good to get out again, enjoy the topiaries, various events, gardens, wine walk/beer garden and much more.

You have prepared a lot for what awaits us in this busy weekend, which begins today.

Over this long weekend, throngs of people will flock to downtown Greenwood to enjoy the 21st incarnation of the Festival of Discovery and Greenwood Blues Cruise.

Congratulations to Paula Brooks who 22 years ago gave birth to this baby who has grown into the pretty impressive young adult he is today. And congratulations to city staff, from Angela Fain Lorenzen, who succeeded Brooks, to former city manager Charlie Barrineau, current city manager Julie Wilkie, community development manager Lara Hudson, Gibson Hill, who runs the events and is the market co-ordinator for the city, and a host of others who year after year help organize this event and have kept it so well maintained.

We’d be remiss if we didn’t also pay homage to Gary Erwin, the incredible coordinator and organizer of Blues Cruise, who has lined up the musicians since year one. Not only does Erwin bring all the musicians together and coordinate where and when they will perform, but he is also an accomplished songwriter, keyboardist and performer in his own right. He never disappoints.

So get ready now to go out today, Friday and Saturday, for great food, great music and great times. And yes, there will probably be heat. And a little rain. It’s July in South Carolina, after all, so dress appropriately, drink plenty of water to stay hydrated, and take breaks as needed. Don’t miss a great weekend.


Times and Democrat. July 7, 2022.

Editorial: RMC Necessity: Thrive, Not Just Survive

Orangeburg County continues to focus on development, seeking to market itself as an ideal location between Charleston and Columbia. A key part of any development plan is to show prospects that the community has quality health care.

For more than 100 years, the Regional Medical Center – and Orangeburg Hospital under various names – has anchored health care for the county in the state with the second largest area and served people from Calhoun, Bamberg and by the way. RMC is an essential regional health care facility for a large rural area, providing services beyond what is available in most rural hospitals.

Through transitions in the country’s health care system, RMC has remained viable. The challenges have been many for a public hospital (owned by Orangeburg and Calhoun counties) that has a disproportionate share of patients unable to pay for services. With the obligation to provide care to all comers, the RMC relied on government grants for indigent patients.

The formula today is different. The Affordable Care Act limited direct subsidies to hospitals for Medicaid expansion, giving those with program coverage to pay for care. But South Carolina never expanded its Medicaid program, which means there are no federal funds to go along with state dollars for new clients — and no RMC dollars because it provides care to people who might otherwise qualify for Medicaid.

The RMC has asked for help from the state to meet the challenges of continuing to provide care in the face of monetary losses – losses that threaten the future of the RMC. But requests for funding to tackle more than $30 million in debt gave way in the legislature to a budget clause allowing RMC and the Medical University of South Carolina to explore a partnership.

Charleston-based MUSC and the Medical University Hospital Authority, a component of MUSC, are seeking a partnership with RMC that would provide RMC with a number of resources, including clinical, educational and research programs for the purpose of to improve hospital care and financial results. The proposal was the subject of a meeting last week involving Orangeburg and Calhoun county councils and legislative delegations, the RMC board and MUSC officials. The session was a first step.

Orangeburg representative Gilda Cobb-Hunter said that upon hearing about RMC’s financial difficulties, she wanted to make sure the hospital was solvent. She sees bonding with MUSC as a way to help RMC do more than just survive.

“We are not interested in the survival of the Regional Medical Center,” she said. “What we want to do is make sure RMC thrives.”

The proposal would keep the RMC board in place for quality oversight, accreditation of medical personnel and community engagement, while financial responsibility for RMC would rest with the MUSC board. All RMC employees would remain.

MUSC CEO Dr Patrick Cawley cited the benefits RMC would see from a partnership, including better market share and pricing for medical supplies and equipment, and MUSC’s leadership and experience.

Cawley also said another big benefit is recruiting nurses and doctors. MUSC would discuss whether RMC employees should become state employees. MUSC officials say that in other partnerships with MUSC, all have agreed to become state employees.

This relationship would mean that primary care physicians at RMC would have the opportunity to join the MUSC network.

Regarding hospital debt, Cawley said RMC and MUSC will work together as MUSC has done by linking up with other hospitals in the state, including MUSC Health Florence.

The plan gets the attention of the two county councils, which appoint the members of the RMC board of directors. He seems to have the support of lawmakers. And ultimately, he should have the support of current RMC board members. It’s not a done deal, but the plan has the potential to be good for RMC’s future as a public hospital that continues to be owned by the people of Orangeburg and Calhoun counties.

Cobb-Hunter is on the right track: “We believe that given the fiscal situation and the changing healthcare landscape, we are going to have to find another way of doing business so that RMC not only survives, but prosperous. ”


Post and courier. July 5, 2022.

Editorial: Welcome SC dismissal of baseless claims of election irregularities

File this under things we never thought we’d have to say: It was heartening to see the SC Republican Party Executive Committee unanimously overturn a decision by a rogue county party, which had voted to ignore the will of the voters after those voters did ‘ In support of the candidate for Greenville County Council, local elected officials preferred.

We can’t say for sure what motivated the GOP leadership to reject Councilman Joe Dill’s bid — or gubernatorial candidate Harrison Musselwhite and attorney general candidate Lauren Martel, who have yet to win. the GOP nominations last month. It is possible that the members of the executive committee simply preferred the candidates who won the elections.

But we prefer to believe what the party said, in all three cases: that “no candidate provided credible evidence that could have quantifiably altered the outcome of the primary.” That is: simply claiming that an election was stolen – without any credible evidence or even indication – does not make it so.

If so, it marks an important step forward for party apparatchiks who were at the forefront of peddling the unsubstantiated and in many cases totally discredited claims that the 2020 presidential election was stolen. .

Our election results have always been disputed, some serious and some laughable. Who can forget the trial of Democratic presidential candidate Al Gore challenging George W. Bush’s 2000 victory in Florida – a victory that, too often forgotten, a team of reporters from the nation’s most respected mainstream media replicated when conducted their own recount after the fact?

But Mr. Gore, like all the other challengers who were given attention before 2020, accepted the decision of our judicial system. What sets 2020 apart is that former President Donald Trump and many of his supporters — including members of the SC Republican Party leadership — continued to insist that the 2020 election had been stolen. This is even though these claims have been dismissed in court after court, up to and including the United States Supreme Court, and including several Justices and Supreme Court Justices appointed by Mr. Trump.

While Greenville County Council winner Joey Russo stressed the importance of making sure every vote is legitimate, he also noted that “Orchestrate an effort to void (an) election because you don’t like not getting the results is just as dangerous to our elections as cheating. in an election”.

Clearly, at least in Ms. Martel’s case, the orchestration began before the vote: On the day early voting began, she sent emails suggesting voters wait and vote on primary day. – implicitly endorsing unsubstantiated suggestions that only vote the cast would then be counted correctly. This in a state where there have been no credible allegations of widespread voting irregularities, and where the legislature nevertheless revised our election law this spring to inject several new layers of security.

We used to have a term for people who make such claims: paranoid conspiracy theorists. Now too often we just call them political candidates.


Research Report on Global Insect Protein Market Size, Segments, Share and Growth Factors Analysis – Instant Interview


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6 Impact of Covid-19 on the Insect Protein Market in Healthcare Industry
7 Global Insect Protein Market, by Product Type
8 Global Insect Protein Market, By Modality
9 Global Insect Protein Market, by Type
10 Global Insect Protein Market, By Mode
11 Global Insect Protein Market, By End User
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13 Global Insect Protein Market, Company Landscape
14 Swot Analysis
15 company profiles
16 Quiz
17 related reports

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Cost of living crisis leads to ‘staggering’ increase in extreme poverty -UNDP


The global cost of living crisis is pushing an additional 71 million people in the world’s poorest countries into extreme poverty, a new report released Thursday by the United Nations Development Program (UNDP) warned.

UNDP Administrator Achim Steiner said an analysis of 159 developing countries showed that soaring prices for key commodities this year were already hitting parts of sub-Saharan Africa, the Balkans, Asia and Besides. UNDP called for tailored action. He sought direct cash payments to the most vulnerable and wanted wealthier countries to extend and expand the Debt Service Suspension Initiative (DSSI) they set up to help poor countries during the coronavirus pandemic. COVID-19.

“This cost of living crisis is pushing millions of people into poverty and even starvation with breathtaking speed,” Steiner said. “With this, the threat of increased social unrest is growing day by day.” Institutions such as the UN, World Bank and International Monetary Fund have a number of “poverty lines” – one for the poorest countries where people live on $1.90 or less a day. A $3.20 a day line for lower middle income economies and a $5.50 a day line in upper middle income countries.

“We project that the current cost of living crisis may have pushed more than 51 million additional people into extreme poverty at $1.90 a day, and another 20 million at $3.20 a day,” the report says. report, believing it would push the total globally. to just over 1.7 billion people. He added that government-targeted cash transfers would be more “equitable and cost-effective” than block subsidies on things like energy and food prices from which wealthier parts of society tend to benefit more. .

“Longer term, they are fueling inequality, further exacerbating the climate crisis and not mitigating the immediate blow,” said UNDP Strategic Policy Engagement Manager George Gray Molina. The past two years of the pandemic have also shown that these cash-strapped countries would need the support of the global community to fund these programs.

They could do that, Molina said, by extending the G20-led debt service suspension initiative https://www.worldbank.org/en/topic/debt/brief/covid-19-debt-service -suspension-initiative (DSSI) within two years and extend it to at least 85 countries out of the 73 currently eligible.

(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)



SCOTTSDALE, Ariz., July 6, 2022 /PRNewswire/ — Healthcare Trust of America, Inc. (NYSE: HTA) (“HTA”) today announced that its Board of Directors has established the last business day prior to the previously announced merger closing date ( the “Merger”) with Healthcare Realty Trust Incorporated (“HR”), which is currently expected to be Tuesday, July 19, 2022as a record date for the special distribution of $4.82 per Class A common share (the “Special Distribution”) payable pursuant to the merger agreement with HR. Pre-merger HTA shareholders on the record date will be entitled to receive the special distribution.

The Special Distribution is conditional on and subject to the approval by the shareholders of HTA and HR of the Merger and the successful closing of the Merger in accordance with the merger agreement. Subject to favorable shareholder votes, the Merger is expected to close on July 20, 2022 (the “Merger Closing Date”). The Special Distribution will be paid five (5) business days after the Merger becomes effective, which is currently expected to be Wednesday, July 27, 2022. Due to the contingent nature of the Special Distribution, HTA’s Class A common stock will trade with “notes payable”, representing an assignment of the right to receive the Special Distribution, commencing one business day prior to the record date. , which should be July 18, 2022until the closing date of the merger.

In addition, eligible holders of HTA’s Operating Partnership Units (“OP Units”) will receive a distribution of OP Units, which is on par with the special distribution of HTA’s Class A common stock described above.

Important information about the special distribution


Due invoices oblige a seller of shares to return the dividend to the buyer. Call obligations are usually settled between brokers representing buyers and sellers of the security. HTA has no obligation as to the amount of the invoice due or the processing of the invoice due. Buyers and sellers of Class A HTA common stock during the maturity period should consult their broker before trading in Class A HTA common stock to ensure that they understand the effect of the maturity procedures of the NYSE.

The Class A common shares of HTA will begin trading ex-dividend on the first business day following the closing date of the merger. ACCORDINGLY, INVESTORS WHO ENTER INTO TRANSACTIONS TO PURCHASE HTA COMMON CLASS A SHARES ON OR AFTER THE EX-DIVIDEND DATE WILL NOT RECEIVE THE SPECIAL DISTRIBUTION.

About Healthcare Trust of America, Inc.
Healthcare Trust of America, Inc. (NYSE: HTA) is the largest dedicated owner and operator of medical office buildings in United Stateswith assets comprising approximately 26.0 million square feet of gross leasable area, and with $7.8 billion invested mainly in medical office buildings, March, 31st, 2022. HTA provides real estate infrastructure for the integrated delivery of healthcare services in highly desirable locations. Investments aim to create critical mass in 20-25 top entry markets that typically have top-tier academic and medical institutions, which typically results in superior demographics, highly skilled graduates, intellectual talent and job growth. The strategic markets in which HTA invests support strong long-term demand for quality medical office space. HTA uses an integrated asset management platform including site leasing, property management, engineering and construction, and development capabilities to create comprehensive, state-of-the-art facilities on every market. We believe this drives efficiencies, strong tenant and healthcare relationships, and strategic partnerships that result in high levels of tenant retention, rental growth, and long-term value creation. . Based at Scottsdale, AZHTA has developed a national brand with dedicated local relationships.

Founded in 2006 and listed on the New York Stock Exchange in 2012, HTA has produced attractive returns for its shareholders that have outperformed the US REIT index since its inception. More information about HTA can be found on the company’s website (www.htareit.com), Facebook, LinkedIn and Twitter.

Prospective language

This press release contains certain forward-looking statements regarding HTA. Forward-looking statements are statements that are not descriptions of historical fact and include statements regarding management’s intentions, beliefs, expectations, plans or predictions for the future, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Because these statements involve risks, uncertainties and contingencies, actual results may differ materially and adversely from those expressed or implied by these forward-looking statements. These risks, uncertainties and contingencies include, but are not limited to, the following: HTA’s ability to complete the merger (the “Merger”) with HR on the proposed terms or within the expected timeframe, or not at all, including including the risks and uncertainties of securing the necessary shareholder approvals and satisfaction of other closing conditions to consummate the Merger; the occurrence of any event, change or other circumstance which may cause the definitive merger agreement relating to the Merger to be terminated; the risks of diverting the attention of HTA and human resources management from ongoing business operations; failure to realize the expected benefits of the Merger; significant transaction costs and/or unknown or invaluable liabilities; risks associated with shareholder litigation related to the Merger, including any resulting expense or delay; the risk that the activities of HTA will not be successfully integrated or that such integration will be more difficult, longer or more costly than expected; the ability to obtain the expected financing to complete the Merger; risks relating to HTA’s future opportunities and plans, including uncertainty about the combined company’s expected future financial performance and results after completion of the Merger; the effects of the announcement of the proposed transaction or any other announcement or completion of the Merger on the market price of the common shares of HTA or HR; the possibility that, if the combined company does not realize the perceived benefits of the merger as quickly or to the extent expected by financial analysts or investors, the market price of HTA’s common stock could decline; generally unfavorable local economic and real estate conditions; changes in economic conditions generally and the real estate market in particular; legislative and regulatory changes, including changes to laws governing the taxation of REITs and changes to laws governing the healthcare industry; the availability of capital; changes in interest rates; competition in the real estate sector; supply and demand for buildings in operation in the market areas offered by HTA; changes in generally accepted accounting principles in the United States; policies and guidelines applicable to REITs; the availability of assets to be acquired; the availability of funding; pandemics and other health issues, and measures to prevent their spread, including the ongoing COVID-19 pandemic; and the potential material adverse effect these matters could have on HTA’s business, results of operations, cash flows and financial condition. Additional information regarding HTA and its business, including additional factors that could materially and adversely affect HTA’s financial results, includes, but is not limited to, the risks described in Part I, Section 1A – Factors risk, in HTA’s 2021 Annual Report on Form 10-K and in HTA’s other filings with the Securities and Exchange Commission.


Financial details:
Robert A. Milligan
Financial director

SOURCE Healthcare Trust of America, Inc.

Candidate Questionnaire: Woody Warren for Casper City Council

Woody Warren is running for a seat in Ward III of the Casper City Coincil. (Courtesy of Woody Warren)

CASPER, Wyo.– Election season is underway and Oil City News has sent a list of questions to every candidate for Casper City Council who has shown up to run in the primary election in August.

These questions are designed to give our readers a better understanding of the people behind the names on the ballot. Below, discover Woody Warrenrunning for a Ward III seat on the Casper City Council:

1. Who are you? (name, where you are from, job, hobbies, etc.)

Woody Warren. Born and raised in WY (born in Cheyenne, raised in Rock Springs). I skate and snowboard, fish, and love working on my many project vehicles.

2. Why did you decide to run for office and what do you hope to achieve if elected?

I decided to run in 2020, where I failed (725 votes) in the primaries. I decided to run again, because of my family. I want to show that a difference can be made, just by stepping up and making my voice heard. The main objective that I wish to accomplish would be to ensure, maintain and put in place measures to improve the financial situation of our city and reduce the excesses of the government.

3. How do you plan to achieve your goals?

The main step is to ask the hard questions. Mainly why… Why do we spend money where we are? Why do we need to spend money where we are? Is there a better (possibly local) option? With some of these issues will come a backlash. I’m waiting for this. But to fully understand our financial situation, you must be able to “go into the details” with the budget. It’s not tedious work, it’s boring. But every penny must be accounted for, and our government must account for every penny. In today’s economy, many families have to tighten their belts, so why not the government?

4. What experience do you have that qualifies you for the position you are seeking?

Over 20 years in retail have prepared me for this role. Not only financially (being able to write and maintain budgets, read and understand profit and loss), but it turned me into a servant leader. I want to serve. I want to hear.

5. Do you think you could be a good steward of taxpayers’ money? Why or why not?

I will be a good steward with taxpayers’ money. Being a registered libertarian, I strongly believe in fiscal responsibility and transparency. I’m NOT for reckless spending and I’m NOT afraid to ask the hard questions. And besides, taxation is theft anyway……

6. On the issue of transparency, how far along are you in ensuring that all public affairs are conducted openly and in a manner that encourages public participation?

I am 100% for transparency. The community deserves to know exactly where their money is being spent.

7. Do you think the office or board position you are seeking has been open and honest with the public? If so, how can the entity remain open and transparent in the conduct of public affairs in the future. If not, what changes would you implement to ensure that all future transactions are open and transparent?

I don’t think they were as transparent as they could have been. There have been times over the past few years when I’ve been happier with the amount of information provided, but too many times have I heard “Well, that’s the way things are.” The main solution to this would be to just (again) ask the questions and force the council, city manager, etc. answer the question to such an extent that the audience is satisfied with the answer or has a better understanding of the problem.

8. If you were chairing a meeting and a topic was discussed that you did not fully understand, would you ask for a more detailed explanation during the meeting or would you seek the information after the meeting?


9. If elected or re-elected, do you plan to seek major political changes in your chosen position? If so, what would those changes be? If not, why not?

The main problem (as I see it), is not a splashy one. Budgets and finances are one of the biggest issues I see day in and day out with our city. The only policy changes I would make would be to remove (and restrict) orders that result in greater government overreach in our community.

10. Is there anything the questions above did not ask that you would like to comment on?


NOTE: All of the principal candidates who applied for the Casper City Council received questionnaires at the same time and Oil City News will publish the responses in the order in which they are received. Candidates’ answers are edited for clarity and style only.

If you are a candidate and have not seen the questionnaire in your inbox, please email [email protected]. Oil City News sent questionnaires to Natrona County candidates running in the primary for municipal, county office or a seat in the Wyoming Legislature based on email addresses shared by the office of the Natrona County Clerk; if you prefer the questionnaire to be sent to another address, please let us know.

Nigerians express frustration over cost of living crisis


When Gbenga Oladejo, a 42-year-old carpenter in Lagos, celebrated Muhammed Buhari’s victory in the 2015 presidential election, he hoped for a better life from a president who promised to root out corruption, reform a petrodollar-addicted economy , reduce poverty and create jobs.

But seven years later, his hope for a better life faded as he was forced to close his carpentry shop. Low attendance and his inability to keep up with soaring rental costs — on top of his kids’ tuition and all the other ever-increasing costs for a family of four — the forced it to close.

“The constantly rising prices of all items make it very difficult for us. We can barely feed ourselves since I closed my shop and the prices are going up every day,” he said.

“It was not the change Buhari promised us and I regretted voting and campaigning for him in 2015,” he said.

Chinedu Okafor, 37, was born and raised in Ikeja, Lagos and now lives in a self-catering apartment in a suburb of Ikorodu. In March, its landlord raised his rent from N120,000 to N200,000.

His rent now represents 40% of his annual teaching income. “It’s difficult right now for me,” he said.

“The recent rent increase by my landlord is a blow to me. After buying food, paying electricity and other bills, I have nothing left to save,” he lamented. “I pray that I don’t get sick because I can’t even afford health care.”

Benedicta Denedo, an accountant in an engineering company in Ikeja, benefits from health insurance offered by her employer. Denedo pays out of pocket for his mother who is battling diabetes and rheumatism.

She said: “The prices of all the medicine my mum is taking for her diabetes have almost doubled, and the cost of transport to hospital has also doubled, but my salary is still the same. It’s been hard for us, and I’m the only one my mom has to rely on.

“The sad thing about all of this is that the government is not even doing anything to help its citizens. I will not vote in 2023 because they are all the same. They make all the promises and after winning they never keep them.

Many households and businesses across the country have been treading water for decades – weighed down by stagnating incomes and rising prices. But the acceleration in inflation that has resulted from the COVID-19 pandemic and the impact of the Russian-Ukrainian war has sparked a wave of frustration among Nigerians.

The country has suffered two recessions in the last six years, which have exacerbated the levels of poverty and unemployment in the country.

Also read: The cost of living crisis has a global toll

Average prices for major commodities in major cities across the country have jumped more than 200% since 2015, driving inflation to 17.71% in May.

Inflation in Africa’s largest economy has remained in double digits every year since hitting single digits in 2015, wiping out much of Nigeria’s middle class, according to SB Morgen.

Inflation rate accelerated from 9.01 in 2015 to 15.68% in 2016, 16.52% in 2017 but slowed down to 12.09% in 2018. It dropped further to 11.40% in 2019 but jumped to 15.75% in 2020 and 15.63% in 2021, according to a recent report by SB Morgen.

Insecurity has worsened in the country, with an increase in killings and kidnappings. Foreign investment plunged and the naira fell.

Nigerians have had to bear the brunt of a rotting economy. With companies groaning over rising production costs, which have worsened this year amid runaway inflation, rising diesel and energy costs.

Currently, more than 105 million Nigerians still live in extreme poverty, according to data from the Brookings Institute’s World Poverty Clock. The World Bank, in its latest report on Nigeria’s development, said accelerating inflation will push an additional 7 million people into poverty by the end of 2022.

The country’s unemployment and underemployment rate stood at 56.1 percent in the fourth quarter of 2020, according to the National Bureau of Statistics, with 14 million jobless young people campaigning for a better life.

Its GDP per capita has been declining every year since 2016, a sign that the economy is unable to provide enough opportunities for its rapidly growing population.

GDP per capita decreased by 0.02%, 4.16% and 1.78% in 2015, 2016 and 2017 respectively. In 2018, 2019 and 2020, it decreased by 0.68%, 0.38% and 4.57%, according to the most recent data from the World Bank.

Revenue from the Suez Canal in Egypt hits a record $7 billion


A shipping container crosses the Suez Canal in Suez, Egypt February 15, 2022. Picture taken February 15, 2022. REUTERS/Mohamed Abd El Ghany

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CAIRO, July 4 (Reuters) – Revenue from Egypt’s Suez Canal hit a record $7 billion in the financial year to June 30, up 20.7% from previous year, Canal Authority chairman Osama Rabea said Monday.

A statement from the authority attributed the increase to an increase in the number of vessels and cargoes, with total cargoes reaching a record high of 1.32 million tonnes, up 10.9% from 2020/21.

The number of vessels passing through the canal increased by 15.7% to 22,032.

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The canal is the fastest shipping route between Europe and Asia and one of the main sources of foreign exchange for the Egyptian government.

A canal expansion in 2015 resulted in a limited increase in revenue and a further expansion is expected to be completed in 2023.

The second expansion was announced after the freighter Ever Given ran aground in the channel for six days in March last year, disrupting global trade.

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Reporting by Mahmoud Salama Editing by David Goodman

Our standards: The Thomson Reuters Trust Principles.

Seylan Bank, treating the export industry as a national obligation – Financial News

Sri Lanka’s current macroeconomic environment has posed many challenges to the export sector, primarily with currency issues and global supply chain challenges. Seylan Bank PLC International Deputy Managing Director Dilan Wijegoonawardena is an industry veteran with 30 years of experience. As a business leader leading one of the bank’s most crucial functions, he shares his perspective on the export industry and the national duty to support the sector now more than ever.

How has the export sector behaved in recent months?
Exporting companies have seen robust activity in the second half of 2021. Since August (2021), the country’s monthly exports have consistently reached over $1 billion. The sector prospered overall, with apparel and agriculture performing exceptionally well.

However, as a country, we are highly dependent on remittances from inbound workers, exports and tourism respectively for foreign currency. Currently, there is a sharp decline in the remittance sector. With the arrival of the pandemic, the tourism industry was affected, and then the pandemic also spread to the remittance sector. In 2020, workers’ remittances brought in US$8 billion to the country, or about 8% of our GDP. In 2021, it fell 22% and hovered around US$5.4 billion. That in itself paved the way for the current crisis we are facing.

Usually the majority of our tourists come from Russia, Ukraine, India and China. There was no tourism revenue last year, but tourism started to pick up in January. However, there were no Chinese tourists, as they are not yet allowed to travel. And unfortunately, because of the war, the arrival of Ukrainian tourists stopped. So we don’t know what will happen to Russian and Ukrainian tourism in the future and it will reduce our tourism income. Therefore, an improvement in remittances is uncertain in the near future.

Therefore, as a country, we will have to rely solely on exports. And, as a bank, we view export support as a national obligation. Not only do we facilitate exports, but we also facilitate imports for these exporters. For example, garment exporters are also importers because much of their material, such as thread and buttons, is imported. We also lend to the indirect export sector which has gone largely unnoticed. They import the necessary materials for the exporters and we also try to meet all their requirements since they are an integral part of the export industry. So, as you can see, we facilitate the whole export process, to get the machinery running.

How does Seylan Bank’s international hub facilitate exports?
Facilitating business transactions is our core business. Functionally, we are the liaison factor between the agencies and the credit units. Customers request various business facilities in branches, which reach the credit unit for assessment and confirmation of the suitability of the request. This is where we come in as an international division. We facilitate commercial demand, dispense our know-how, organize international correspondent banking relations, provide exporters with information on buyers, help them to structure payments and documentation in the best possible way.

At Seylan Bank, how do SMEs fit into the global export landscape?
Seylan Bank primarily supports the small and medium enterprise (SME) sector. While our client base is a combination of large corporations and SMEs, our strength is the SME sector. Our branch network all over the island, our accessibility and our credit hubs throughout the country support and fuel the dynamics of SMEs.

We have several ways to facilitate exporting companies. For example, we provide pre-shipment loans to exporters based on confirmed orders, which is equivalent to working capital for them to run their business. Once they have dispatched their goods, we also offer post-shipment facilities such as discounted payment on their invoices, the bank taking on the risk and allowing SMEs to fund their working capital as they receive immediate a cash payment. Seylan Bank works with over 500 international correspondent banks worldwide to facilitate international trade with any sector and receive export earnings on time and as such is able to support SMEs globally in their exports.

We are also working on a new product, a dedicated line of credit for exporters, helping direct and indirect exporters to obtain more working capital. We hope to make it available soon to further support domestic exports.

A good number of new companies regularly enter the export market with unique products. How can these start-ups benefit from Seylan Bank’s products and services?
Based on the current macroeconomic situation, exporters are facing many challenges such as rising freight costs and rising insurance costs. Borrowing costs have also increased following recent political announcements, which will in turn affect their working capital cycle. Until recently, they were also affected by exchange rate anomalies between the formal and informal sectors. Since we consider export support a national obligation, we have made sure to offer exporters the best possible rates to ensure they can remain competitive.

We also extend information services to exporters who wish to make a risk assessment on potential buyers. Our relationship with information providers in various international markets enables us to obtain detailed status reports on buyers, which we then share with exporters, enabling them to make informed decisions at the most granular level, understanding the possible business opportunities and threats.

Finally, as a bank that has always worked with SMEs, what do exporters and start-ups in the sector need to know to work with Seylan?
The bank with a heart is our golden theme. Any start-up client should feel very comfortable entering one of our branches spread across the island or at the Seylan head office. You’ll get the same award-winning service at all of our locations thanks to our dedicated team members. You may not have the required working capital or know-how. Your initiative is enough to accompany you and raise you to the rank of good exporter. This is the responsibility that we will assume as the Heart Bank.

We will finance them, give them technical know-how and organize and facilitate trade so that they can reach the level of established exporter.

Fifth Third Bancorp holds $4.99 million position in iShares Edge MSCI USA Quality Factor ETF (BATS:QUAL)


Fifth Third Bancorp reduced its stake in iShares Edge MSCI USA Quality Factor ETF (BATS:QUAL – Get Rating) by 82.0% in the first quarter, HoldingsChannel.com reports. The company held 37,058 shares of the company after selling 168,971 shares during the quarter. Fifth Third Bancorp’s holdings in iShares Edge MSCI USA Quality Factor ETF were worth $4,989,000 at the end of the last reporting period.

Several other institutional investors have also recently changed their holdings of QUAL. Accel Wealth Management bought a new position in iShares Edge MSCI USA Quality Factor ETF in the fourth quarter worth approximately $29,000. JFS Wealth Advisors LLC increased its position in iShares Edge MSCI USA Quality Factor ETF shares by 182.7% during the fourth quarter. JFS Wealth Advisors LLC now owns 229 shares of the company worth $33,000 after purchasing an additional 148 shares in the last quarter. Reilly Financial Advisors LLC bought a new stock position in iShares Edge MSCI USA Quality Factor ETF during the fourth quarter for a value of $36,000. West Bancorporation Inc. purchased a new stock position in iShares Edge MSCI USA Quality Factor ETF during the fourth quarter for a value of $38,000. Finally, Lindbrook Capital LLC bought a new stock position in iShares Edge MSCI USA Quality Factor ETF during the fourth quarter at a value of $43,000.

QUAL opened at $112.32 on Friday. iShares Edge MSCI USA Quality Factor ETF has a 12-month low of $71.96 and a 12-month high of $88.63. The company’s fifty-day simple moving average is $118.62 and its 200-day simple moving average is $128.66.

Read more

Want to see which other hedge funds hold QUAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Edge MSCI USA Quality Factor ETF (BATS:QUAL – Get Rating).

Institutional ownership by quarter for iShares Edge MSCI USA Quality Factor ETF (BATS:QUAL)

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Odisha government increases sports budget to Rs 911 crore to boost infrastructure


In a bid to give a boost to the sports sector in the state, the government of Odisha has increased its sports budget to Rs 911 crore in the annual budget of 2022-23.

The announcement was made on the first day of the National Assembly’s budget session on Saturday.

The state budget for the sports sector in the financial year 2021-22 was Rs 405 crore.

Under this sports budget of Rs 911 crore, an amount of Rs 719 crore is earmarked for the development of sports and youth services and other sports infrastructure in the state.

The state government has also provided an amount of Rs 115 crore for the promotion of sports education and Rs 11 crore for state support to Khelo India. About Rs 59 crore was allocated for administrative expenses.

According to an official statement, sport has been one of the priority sectors of the Odisha government over the past decade. The state government invested significantly in sports between 2010-11 and 2021-22, starting with the sports budget from Rs 28 crore in 2010-11 to Rs 301 crore in 2020-21 and Rs 405 crore in 2021-22 with a significant part dedicated to the development of infrastructures and the hosting of major events.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Weekly Stock Update: Nigerian Exchange Group Record Gains, Up 0.24%


The Nigerian stock market closed higher during the week, with the All-Share Index gaining 0.24% during the week ended July 2, 2022. This follows the 0.14% decline recorded the previous week.

This is according to information contained in the weekly stock market report, published by the Nigerian Exchange Group.

The benchmark, ASI, rose 0.24% from 51,705.61 points at the end of last week to close the week at 51,829.67 index points, while the market capitalization followed suit to close at 27.94 trillion naira.

This brings the month-to-date performance of the Nigerian stock market to 0.02% and a year-to-date gain of 21.33%.

Equity market performance

A total of 1.35 billion shares worth N24.49 billion were traded during the week out of 22,155 trades on the trading floor. This is more than the 1.12 billion units of shares valued at N13.70 billion that traded hands the previous week in 22,350 transactions.

Similar to the previous week, the financial services sector topped the business chart in terms of volume of shares traded with 1.01 billion shares valued at 6.80 billion naira traded in 11,352 deals; thus contributing 74.87% and 27.75% respectively to the volume and value of the total turnover of the shares.

The conglomerate industry followed with 79.62 billion shares worth N144.55 billion in 689 deals, while the oil and gas industry was in third place with turnover of 73, 00 million shares worth N1.86 billion in 1,799 transactions.

Trading of the top three stocks by volume, namely MBENEFIT Plc, LIVING TRUST Plc and GTCO Plc, accounted for 484.84 million shares worth N2.41 billion in 2,410 trades, contributing 35 .97% and 9.86% to the volume and value of the total turnover of the shares.

Similarly, 11 indices finished higher, while 6 indices fell except for the NGX Sovereign Bond index and the NGX ASeM index, which remained unchanged.


  • JOHNHOLT up +30.16% to close at N0.82
  • CORNERST up +20.97% to close at N0.75
  • OKOMUOIL up +12.09% to close at N216.90
  • TIP up +10.00% to close at N0.44
  • FBNH up +9.95% to close at N11.60


  • PZ down -18.40% to close at N10.20
  • UPL down -10.42% to close at N2.58
  • PRESTIGE down -10.00% to close at N0.36
  • NGXGROUP down -9.55% to close at N22.25
  • HONEYWELL down -8.91% to close at N2.76


The price of thirty-four (34) shares appreciated during the week, higher than that of sixteen (16) shares the previous week. Twenty-nine (29) stocks depreciated at a price lower than fifty-six (56) stocks the previous week, while ninety-three (93) stocks remained unchanged above the ninety- four (84) actions recorded the previous week.

‘The Dad Gang’ founder Sean Williams is building a global community for black dads

Author and founder of The Dad Gang Sean Williams is leading the charge to change the narrative surrounding black fathers. The movement began after Sean met a woman at his neighborhood store who praised him for being an active dad while out shopping with his youngest daughter. This brief encounter sparked a movement that has helped build a community of over 3,000 members of fathers who support and encourage each other.

Due to Sean’s commitment to uplifting fathers, The Dad Gang has been widely recognized by Oprah Winfrey, Steve Harvey and Will Smith. The organization led partnerships with Dove Men Care and Walmart in donating $50,000 to fathers in need who have been impacted by COVID through its nonprofit Random Acts of Dadness. For his kindness, Sean received this year’s NAACP Unsung Hero Award for leading the Black DadsMatter march in response to the murder of George Floyd.

Sean sat down for an interview with Forbes The Culture to talk about his advocacy for black dads, his new Girl Dad book and the ongoing work of The Dad Gang. This interview has been edited for clarity and conciseness.

For(bes)Culture: What inspired you to start The Dad Gang movement?

Sean Williams: So The Dad Gang was born out of a sly compliment I got a few years ago. When I had my second child, it was a baby at the time. An older white woman just stopped me to compliment me saying, oh, so good to see you still being an active dad. So at that point I was offended, but it was a teachable moment because many black fathers like me are not idle. It is a false narrative that has been perpetuated all these years.

For me, a light bulb went out and I needed to create something that could change that stereotype, because I and all my friends were very active dads. So, the Dadgang was created to be a platform to spread those positive images, videos, and our experiences as active black dads. And the idea was, hopefully, if we circulated as many images as possible, the narrative would start to change.

For Culture: What are you doing specifically to combat stereotypes around black fatherhood?

Sean Williams: We don’t do anything but be dads. Outside of social media, we have a Dads Walk every Father’s Day. We wanted to take our mission from Instagram to real life. So, we had over a hundred dads come to Brooklyn for our first stroller with homies event, and it went viral. We had brunches and hosted panels because changing the narrative was one thing, but then you realize that dads also need a community to share tips, experiences, and become better dads.

For Culture: How did your experience as a daughter’s dad inspire your Girl Dad book?

Sean Williams: Kobe Bryant has ever wondered, does he feel weird not having a son to continue his legacy? And the whole idea of ​​him saying no, I’m proud to be a father of a girl, because look at her, she’s on a lot doing her thing. Rest in peace to them both. It was a real pivotal moment for all dads and daughters. I’m changing the narrative with dad, so I got on with HarperCollins so all those new dads and young dads can understand that being a girl dad is an amazing experience.

Raising a girl forces men to do different things. Now we’re into bows and combed hair. We do all these things that may seem feminine, but that’s okay, because you’re a father and you’re raising a daughter. So you can sit at tea time, play with makeup, and it doesn’t affect your masculinity in any way. This book was meant to highlight and celebrate that relationship between a father and daughter from the very beginning.

For Culture: What advice do you give to fathers who have broken relationships with their children?

Sean Williams: Well, to start, it’s never too late. Often fathers can get off to a bad start. At any time, you may realize that being a father to your children is probably the best thing that can happen to you both, you have time to do it. You can reverse this relationship at any time. Many guys also have a feeling about the financial responsibility of fatherhood and that’s the furthest thing from your mind when raising a little human. If you’re thinking about money, you’re already off to a bad start. So I try to tell dads not to think about the tangible return. Don’t think about what you’re spending, because being a parent is so much more rewarding. Once you tap and show up, you have a front row seat to the best show in the world with these kids.

I don’t think anyone naturally wants to turn their back on their child. With The Dad Gang, we don’t talk about deadbeat dads in a way that berates them or makes them feel bad. Instead, we say, you have the option to come back, it’s not the end of the world. There’s help here, resources, and a community that wants to help give you the opportunity to do better. We’ll never avoid them, because if we do, they won’t see the examples we’re trying to spread.

For(bes)Culture: What’s next for The Dad Gang?

Sean Williams: We are going to globalize. So watch out for that and we’ve got dad’s random acts. Dad needs support not just in America but around the world.

Invesco Unveils ESG Multifactor Corporate Bond ETFs in EUR | ETF strategy


THEMATIC INVESTMENT – WEDNESDAY 29 JUNE 2022 (08:15-11:30) – THE BILTMORE MAYFAIR, LONDON Please join us for our annual Thematic Investing Breakfast with participation from MSCI, WisdomTree, KraneShares, ETC Group/HANetf and Global X. Please register now if you would like to attend.

Invesco launched two new actively managed ETFs in Europe offering exposure to Euro-denominated corporate bonds that meet ESG criteria and were selected using a multi-factor approach.

Invesco has launched two ESG-conscious smart beta corporate bond ETFs.

The Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF (Acc: ECMA GY; Distribution : ECMF GY) covers bonds of all maturities, while Invesco EUR Corporate Bond ESG Short Duration Multi-Factor UCITS ETF (Acc: ECMS GY) targets bonds at the beginning of the yield curve.

ECMA and ECMS are listed on Deutsche Borse Xetra in euros with fee rates of 0.19% and 0.15%, respectively.

ECMA, the broad-dated ETF, is compared to the Bloomberg Euro Corporate Bond Index which consists of Euro denominated fixed rate corporate bonds from global issuers with investment grade credit ratings. Eligible issues must have a nominal outstanding amount of at least €300 million.

ECMS, the short-dated ETF, is compared to Bloomberg Euro Corporate Bond Index 1-5 years which has the same eligibility conditions but consists only of bonds with residual maturities between one and five years.

Each ETF may invest up to 30% of its assets in unsecured corporate bonds denominated in currencies other than the euro, with currency risk hedged into euros at Invesco’s discretion.

Securities are selected for each ETF based on their compliance with ESG criteria as well as their attractiveness according to Invesco’s quantitative investment model.

Violators of international standards as well as companies involved in nuclear energy, coal, oil and gas, controversial weapons, military weapons, civilian firearms, tobacco, stem cell research and genetic engineering will not be eligible for selection.

Due to socially responsible selection, each ETF is classified as an Article 8 product under the European Union’s Sustainable Finance Disclosure Regulation (SFDR).

Using proprietary models developed by the Invesco Quantitative Strategies (IQS) team, each ETF then creates three individual factor portfolios with bonds that have been selected and weighted to favor issuers with higher value exposure, low volatility and factor risk premia. These three factor portfolios are then combined to create a multi-factor portfolio with an equal risk contribution for each individual factor.

Invesco then benchmarks each multi-factor portfolio against its original universe, limiting country weight differentials to 8%, sector weights to 5%, issuer weights to 3% and weighted average duration to 0.2 years.

Paul Syms, Head of EMEA Fixed Income ETF Product Management at Invesco: “Fixed income securities have become much more attractive this year. European credit yields are at the highest levels we have seen in a decade due to a combination of higher interest rate expectations and wider spreads over government bonds. Fixed income investors have more to consider today than in recent years, especially if they have sustainability goals as well as financial goals. Our new ETFs allow investors to position their portfolio according to their own economic views, either investing across the full maturity curve if they believe yields are close to peaking, or focusing on a short maturity if they are concerned that interest rates will rise more than what is currently assessed. on the market.

Erhard Radatz, Senior Portfolio Manager, Invesco Quantitative Strategies: “Introducing ESG principles into a corporate bond portfolio typically means sacrificing yield relative to a standard non-ESG benchmark. This is partly due to the exclusion of traditionally high yield segments and because issuers that reduce their ESG risks tend to be of higher quality and therefore offer lower yields. You could make up for the shortfall by overweighting issuers with lower credit ratings, but that might not be in investors’ best interest. Instead, we use a factor-based approach to reset characteristics such as duration and credit risks so that the ESG portfolio is more aligned with the standard benchmark.

Gary Buxton, Head of EMEA ETFs and Indexed Strategies at Invesco: “Most ETFs you’ll find in the market are passive, but we recognize that an active or quantitative approach can yield a potentially better outcome in some situations. By “better” I mean more aligned with the investor’s goals and expectations for return and risk. That’s why we take an unbiased approach to product development with decisions ultimately guided by investor demand and market dynamics. Where appropriate, we can leverage the expertise of Invesco’s global resources, such as our IQS team’s 30+ years of experience integrating factor investing and ESG into client portfolios.

Sandstorm Gold Royalties Brief: declared its third quarterly cash dividend for 2022 in the amount of CA$0.02 per common share to holders of record at the close of business on July 19, 2022


Newswires MT 2022

All news about SANDSTORM GOLD LTD.

Analyst Recommendations for SANDSTORM GOLD LTD.

2022 sales 164M
Net income 2022 86.2 million
66.8 million
66.8 million
Net debt 2022

PER 2022 ratio 34.1x
2022 return 1.00%
Capitalization 1,534 million
1,190 million
1,190 million
capi. / Sales 2022 9.34x
EV / Sales 2023 9.06x
# of employees 23
Floating 96.2%


Duration :

Period :

Technical analysis chart of Sandstorm Gold Ltd.  |  MarketScreener

Trends Technical Analysis SANDSTORM GOLD LTD.

Short term Middle term Long term
Tendencies Bearish Neutral Neutral

Evolution of the income statement


To buy

Medium consensus SURPASS
Number of analysts 9
Last closing price $7.98
Average target price $13.00
Average Spread / Target 62.9%

HIMA Group achieves record sales in fiscal year 2021


HIMA Group achieves record sales in fiscal year 2021

June 28, 2022 – Brühl, Germany – Despite a very difficult 2021 financial year, the HIMA Group increased, with all key performance indicators positive. The provider of safety-related automation solutions expects further growth in 2022.

The HIMA Group achieved its highest turnover since its creation 114 years ago and increased its sales by 5.8% to 126.9 million euros in 2021.

“We not only met our economic targets last year, we exceeded them. For 2022, we also expect solid growth and plan above-average investments for the continued expansion of our global business,” said Jörg de la Motte, CEO.

While the process industries (oil and gas, refining and chemicals) account for around three-quarters of turnover, the rail technology sector has also seen a positive development. Across all sectors, 35% of business was generated by services and software.

Demand growth was positive in all of HIMA’s main markets. Geographically, 54% of turnover is generated in Europe, with the Middle East representing 18%, Asia 16% and the Americas 5%. The remaining 7% came from global projects spanning multiple regions of the world.

“HIMA weathered the pandemic well, was able to do without partial unemployment and reacted with agility to the new demands with teleworking and virtual work. We were able to maintain our ability to deliver in a very difficult environment. We are also looking at ourselves into the future with positive expectations,” explained Chief Financial Officer Dr. Michael Löbig.

The need for security-related solutions is increasing. It is becoming increasingly important to offer operators solutions that meet their needs and create real added value through the digitalization of processes. The independent family business relies on strategic partnerships and partnership with customers.

An example in the field of security was the 2019 partnership between HIMA and genua GmbH, a German IT security specialist. Another this year was the partnership with Mangan Software Solutions, a software provider for digitizing the security lifecycle. To promote innovative solutions with customers, two Customer Solutions Centers were opened in Germany and Singapore.

“We are banking on partnerships! On the one hand, we will continue to expand our strategic collaboration with complementary and innovative suppliers and, on the other hand, find new ways to strengthen the value and models of our partnership with our customers. Here, the recent Open Customer Solution Centers offer us completely new possibilities,” says Jörg de la Motte.

About HIMA

HIMA Group is the world’s leading independent provider of safety-related automation solutions for the process and rail industries to protect people, property and the environment. Founded in 1908 and based in Germany, the family business has around 800 employees and operates worldwide.

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New Resource Examines Solar Decommissioning | Community

LYONS, Neb. – Falling equipment costs coupled with increased demand for clean energy has led to a rapid increase in solar development over the past decade, a trend that is expected to continue, particularly in rural areas, according to a new Center for Rural Affairs resource guide.

“Solar projects are often located in rural areas and can provide many benefits to nearby communities, including rental payments to landowners, increased tax revenue and job creation,” said Heidi Kolbeck-Urlacher, senior policy associate at the Centre, author of the guide. . “But local governments also need to think about what happens to sites that reach the end of their life cycle.”

Decommissioning requirements may be set by states and counties, and agreements between landowners and developers may also set additional requirements. Adopting siting or zoning standards helps ensure that solar development is supported by local residents, Kolbeck-Urlacher said.

“It’s important for local governments to plan ahead for solar teardown and create ordinances that spell out expectations and obligations,” Kolbeck-Urlacher said. “This ensures that the financial responsibility for decommissioning rests with the project owner and not the county and landowners.”

But it is not only the financial aspect of the dismantling that must be taken into account, but what happens to the equipment.

The Centre’s new “Solar Energy System Decommissioning Resource Guide” outlines several management options, including extending the performance period through reuse, refurbishment or repowering of the facility or complete shutdown of operations and decommissioning of the project. It also offers recommendations on the information to include in decommissioning plans.

According to the US Department of Energy, 75% of all US solar capacity was installed in the past five years. With a lifespan of 25 to 35 years, most panels are still operational. Even with a plan in place, the report stresses the importance of periodic revisions to the plan to account for necessary changes in cost estimates, technology and the availability of recycling services.

For more information or to view the Resource Guide on Decommissioning Solar Power Systems, visit cfra.org/publications.

Insulin Like Growth Factor 1 Receptor Market Research Report 2022 – Impact of COVID-19 – Instant Interview


This major report presents a clear view of the current performance of the global Insulin as a Growth Factor 1 Receptor market and its likely development in the coming years. The key findings of the Global Insulin-Like Growth Factor-1 Receptor Market report focus on changing Global Insulin-Like Growth Factor-1 Receptor market dynamics, substantial new opportunities, critical forces likely to contribute to the growth of the global insulin-like growth factor. 1 Receiver Market in Advanced and Developing Economies.

This report focuses on the major players in the global Insulin-Like Growth Factor-1 Receptor market:
Astellas Pharma Inc., Genmab A/S, Boehringer Ingelheim GmbH, AstraZeneca Plc, F. Hoffmann-La Roche Ltd., Axelar AB, Insmed Incorporated, Eli Lilly and Company, Bristol-Myers Squibb Company, Immunomedics, Inc., ProteoThera, Inc., Merck & Co., Inc., PharmAbcine, Inc., Merrimack Pharmaceuticals, Inc., Novartis AG

Get a FREE sample PDF copy of the report @ https://marketstrides.com/request-sample/insulin-like-growth-factor-1-receptor-market

The report undertakes research and analysis that helps market players understand the global Insulin-like Growth Factor 1 Receptor market status in advanced and developing economies, future market scenarios, opportunities and to identify solutions on how to organize and operate in the global insulin-like growth factor. 1 Receiver market. The report begins by examining how the global Insulin Growth Factor-1 Receptor market has evolved through the pandemic to this point post-pandemic, key forces at work, implications of the covid-19 pandemic on business and policy makers. Most importantly, the report has performed an in-depth analysis of the selected segments and countries.

A detailed analysis of the capital-intensive market companies, their strategic trends and their impacts on industry production and growth are studied in the report. The objective of the report is to present forces that would impact different parts of the current global Insulin Growth Factor-1 Receptor industry. The report aims to map the risks faced by different regions, countries, and segments operating in the market, along with offering a range of options and responses. It recommends best practices to improve efficiency, protect against future risks as well as supply chains against possible threats. Finally, the report helps market players to anticipate trends and seize market opportunities through the data and forecast provided in the report.

Insulin Growth Factor-1 Receptor Industry: Main Product Form:
BI-893923, CT-707, 1R-E1, ATL-1101, Others

Apps containing:
Hospital, Clinic, Others

Global Insulin-Like Growth Factor-1 Receptor Market Research Report Offers–

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    Siemens to invest in Volkswagen’s North American charging network


    Electrify America charging station

    Source: Electrifying America

    German industrial giant Siemens AG is investing more than $100 million in Volkswagen AG’s Electrify America unit, becoming the first outside investor in North America’s network of electric vehicle charging stations.

    Including new funds from its parent company Volkswagen, the Electrify America unit would receive a total injection of $450 million, the companies said.

    The partnership with Electrify America “is part of a much larger investment that Siemens is making in the electrification market,” said John DeBoer, head of Siemens’ North American electric mobility unit.

    Electrify America was created by VW in 2017 with a 10-year, $2 billion investment commitment following the German automaker’s diesel emissions cheating scandal.

    The two companies did not specify the exact amount each is contributing to the latest investment, other than to say that Siemens’ share is more than $100 million.

    Siemens, which is making the investment through the Siemens Financial Services financing arm, will be a minority investor with a seat on the board of Electrify America.

    A year ago, Reuters reported that VW intended to sell a stake in Electrify America as the automaker hoped to attract up to $1 billion in outside funding to help develop electric vehicle infrastructure.

    In an interview, Giovanni Palazzo, President and CEO of Electrify America, said the company still plans to more than double its charging infrastructure to 1,800 charging stations and more than 10,000 fast chargers by 2026. .

    Electrify America has EV charging partnerships with a wide range of vehicle manufacturers outside the Volkswagen Group, including Ford Motor Co, Hyundai/Kia, BMW, Mercedes-Benz, Geely Automobile’s Volvo and Polestar, and rival Tesla , Lucid.

    Siemens, which builds charging stations for commercial fleets and other customers, has invested in several electrification companies, including Swedish battery startup Northvolt and wireless charging startup WiTricity, as well as competitor Electrify America ChargePoint, according to investor website PitchBook.