None'I'd prefer it was at home': A Jets-Mariners' F3 derby in Sydney?
Injuries not slowing down Cavaliers, who face dinged-up NuggetsDemocrat Governors Compete to Lead 'Resistance' to Trump's Popular Immigration ReformsLondon, Nov 30 (PTI) High achievers facilitating cross-border partnerships between India and Europe were among leading entrepreneurs who received awards at the annual Indo-European Business Forum (IEBF) meet at the House of Lords complex in London. The 2024 IEBF Global Business Meet on Friday, themed as the ‘Viksit Bharat Investment Summit’, was aimed at spotlighting the many business and investment opportunities offered by India's goal of moving towards a developed economy by 2047. "To me, the thing that ties the UK and India together most closely is that we are two countries chasing the future," said Kanishka Narayan, the Welsh Indian Labour MP who recently returned from a visit to India as part of a parliamentary delegation for bilateral exchanges. "As we talk about the Viksit Bharat vision of a developed India to 10x (10 times) its GDP over the course of the period from now until 2047, the government's primary mission here (in the UK) is economic growth... so the interest we have is a deeply shared interest. The symmetry of what we are trying to do is pretty complete," he said. Among those honoured at the event, Ashesh Jani, Co-founder and CEO of Ribbon Plc, named Fintech of the Year for his efforts to "support millions of Indian students and professionals navigating the complexities of international financial systems". Shreeram Iyer collected the Global Firm of the Year award as Chairman and CEO of Prisma.ai for "revolutionising the field of AI-driven visual recognition, providing cutting-edge solutions for image and video analysis". Narnolia, one of India's leading firms in fund management, investment advisory, and investment banking, was awarded the Top Fund Manager of the Decade, while Manish Tiwari was named British Indian of the Year for his promotional efforts within the India-UK corridor through his firm Here and Now 365. "This year's event comes against the backdrop of Prime Ministers Keir Starmer and Narendra Modi announcing the relaunch of Free Trade Agreement (FTA) talks, which IBEF has been engaging with and is hopeful that a deal will be signed by next year," said IEBF Founder Vijay Goel. "The goal of our forum, launched in 2007, is to build on the vision of a 'new strategic partnership' between India and the UK focusing on security, education, technology and climate change and also promote Prime Minister Modi's Viksit Bharat mission across Europe. "Economic partnerships thrive on trust and shared understanding and this annual event is designed to foster that trust across sectors," he said. Also, at the event Karnataka's labour minister Santosh Lad made a special pitch for his state as a prime investment destination with its investor-friendly policies. "Karnataka is a great opportunity because we stand number one in IT; it has great potential, with a ready skill set waiting for you," he said. Hosted by British Indian peer Baroness Sandy Verma, as a key member of the IEBF Advisory Board, the event brought together a range of parliamentarians, diplomats and business chiefs. (This story has not been edited by THE WEEK and is auto-generated from PTI)
CONWAY, S.C. (AP) — Joshua Meo and Jordan Battle both scored 13 points as Coastal Carolina beat South Carolina Upstate 73-51 on Saturday. Meo shot 4 for 7 (2 for 3 from 3-point range) and 3 of 6 from the free-throw line for the Chanticleers (3-4). Battle went 6 of 10 from the field (1 for 3 from 3-point range). Noah Amenhauser shot 5 of 7 from the field and 2 for 3 from the line to finish with 12 points. The Spartans (2-8) were led in scoring by Brit Harris, who finished with 12 points and two steals. Karmani Gregory added 11 points and two steals for South Carolina Upstate. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
All-Star starting pitcher Max Fried, Yankees reportedly agree to 8-year, $218M deal
CWC announces drive to fight BJP over ideology, AmbedkarWOODRIDGE, Ill., Nov. 21, 2024 (GLOBE NEWSWIRE) -- High Haven Dispensary , recognized as Illinois' top-rated cannabis retailer, invites cannabis enthusiasts to its 2nd Annual "Danksgiving" event on Wednesday, November 27, from 9 PM to midnight, at Hollywood Blvd Cinema in Woodridge . High Haven's "Danksgiving" combines entertainment, community, and cannabis culture in one exciting night. Attendees will enjoy cult classic films, live DJ sets, exclusive vendor pop-ups, premium swag, and more. Following the main event, High Haven will also offer enticing holiday deals through Green Wednesday, Black Friday, and Cyber Monday at all three dispensary locations in Normal , Darien , and Elgin . Danksgiving Event Details: Where: Hollywood Blvd Cinema, Woodridge, IL When: Wednesday, November 27, 2024, 9 PM - Midnight Activities: Special screenings of Fear & Loathing in Las Vegas and The Big Lebowski , vendor booths, VIP swag, live DJ, and brand-sponsored giveaways "Danksgiving" VIP guests will receive enhanced swag bags and premier seating, while general admission ticket holders can also look forward to special giveaways and engaging booths by community favorites like Woody's Glass Blowing and Horror House. Leading cannabis brands, including Nature's Grace and Wellness, Legacy, and Timeless, will be featured, along with the popular SESH Bus, courtesy of Cresco and Good News. "We're thrilled to host 'Danksgiving' again this year, offering an unforgettable evening for cannabis lovers to celebrate community, entertainment, and industry-leading products," said Jenna Botwinski, Marketing Manager at High Haven. "Beyond the event, we'll have incredible holiday deals to make sure our customers enjoy savings throughout the season." High Haven Holiday Deals For customers looking to enjoy premium cannabis products and accessories at a discount, High Haven is putting together the best cannabis deals in Illinois for the holiday seasons across all three store locations in Normal , Darien , and Elgin . Special offers will be available throughout the Thanksgiving season, including on Green Wednesday, Black Friday, and Cyber Monday, making it the perfect time to stock up or try new products at exceptional prices. Green Wednesday: Early access to exclusive product bundles and discounts on top brands like Cresco, Nature's Grace, and Good News. Black Friday: Deep discounts on flower, concentrates, and accessories, including "Buy One, Get One" offers on select items. Cyber Monday: Online-only promotions featuring discounts up to 40% on edibles, tinctures, and vape products. Customers can visit High Haven to stock up on premium cannabis products and accessories during this prime holiday shopping season. Here are the participating locations: High Haven Dispensary – Darien, IL – THE GAS STATION High Haven Dispensary – Normal, IL – The Puff Palace High Haven Dispensary – Elgin, IL – The Record Store About High Haven Dispensary: High Haven Dispensary is Illinois' leading cannabis retailer, celebrated for its quality products, welcoming atmosphere, and commitment to cannabis culture. With locations in Normal, Darien, and Elgin, High Haven serves communities statewide with a wide selection of top cannabis brands, exclusive deals, and immersive experiences. For more information, visit highhavencannabis.com. Photos accompanying this announcement are available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/6c15c362-dd79-4652-aa3b-6dfaaa2a8fdc https://www.globenewswire.com/NewsRoom/AttachmentNg/862eefcf-0d41-4696-b9f3-f7856f014191 © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Rice woes persist
Video: Claressa Shields Says She Can Beat Jake Paul, Talks Mike Tyson FightKingsview Wealth Management LLC bought a new position in Invesco S&P 100 Equal Weight ETF ( NYSEARCA:EQWL – Free Report ) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,359 shares of the company’s stock, valued at approximately $241,000. Other hedge funds have also recently modified their holdings of the company. Cetera Investment Advisers lifted its position in Invesco S&P 100 Equal Weight ETF by 1,773.7% during the first quarter. Cetera Investment Advisers now owns 251,149 shares of the company’s stock valued at $23,832,000 after purchasing an additional 237,745 shares during the period. Bond & Devick Financial Network Inc. boosted its stake in shares of Invesco S&P 100 Equal Weight ETF by 52.5% in the 3rd quarter. Bond & Devick Financial Network Inc. now owns 184,919 shares of the company’s stock worth $18,921,000 after buying an additional 63,654 shares during the last quarter. Sanders Morris Harris LLC grew its holdings in shares of Invesco S&P 100 Equal Weight ETF by 2,610.1% in the second quarter. Sanders Morris Harris LLC now owns 61,004 shares of the company’s stock worth $5,765,000 after acquiring an additional 58,753 shares during the period. LPL Financial LLC increased its position in Invesco S&P 100 Equal Weight ETF by 5.8% during the second quarter. LPL Financial LLC now owns 565,274 shares of the company’s stock valued at $53,418,000 after acquiring an additional 31,162 shares during the last quarter. Finally, CHB Investment Group LLC bought a new position in Invesco S&P 100 Equal Weight ETF in the third quarter valued at about $2,580,000. Invesco S&P 100 Equal Weight ETF Stock Up 0.5 % Invesco S&P 100 Equal Weight ETF stock opened at $107.72 on Friday. Invesco S&P 100 Equal Weight ETF has a 52-week low of $82.74 and a 52-week high of $107.90. The company has a market cap of $724.96 million, a P/E ratio of 22.06 and a beta of 0.83. The business has a 50-day simple moving average of $103.79 and a two-hundred day simple moving average of $98.92. About Invesco S&P 100 Equal Weight ETF PowerShares Fundamental Pure Large Core Portfolio (the Fund), formerly PowerShares Dynamic Large Cap Portfolio, is based on the RAFI Fundamental Large Core Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index is consisted of common stocks of large core United States companies, including real estate investment trusts (REITs), from a universe consisted of the 2,500 largest United States companies. See Also Receive News & Ratings for Invesco S&P 100 Equal Weight ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 100 Equal Weight ETF and related companies with MarketBeat.com's FREE daily email newsletter .
Announcement Comes as Two Long-Time Executives Retire TROY, Mich. , Dec. 26, 2024 /PRNewswire/ -- 365 Retail Markets, the global leader in unattended retail technologies, today announced the appointment of Anton Rakushkin as Chief Technology Officer and Bill Reidy as VP of Sales for North America . These strategic hires come as two long-time leaders, Joe Rogan and John Chidiac , retire after years of dedicated service to the company. Rakushkin comes to 365 with twenty years of experience in retail technology including time with Streamware Corporation and Crane Connectivity Solutions. He holds impressive accomplishments in the areas of vending management, including the architecture of Vendmax, an extensively used VMS system across the industry. His achievements also include innovations around data exchange and tools for operator success such as industry-first pre-kit and dynamic scheduling features. Rakushkin has had notable success working closely with both customers and other solution providers to create widely adopted industry standards. "I am excited to bring my experience to the world-class team at 365 and look forward to elevating their impressive accomplishments across the industry as well as extending that success to more opportunities. By understanding customer needs and providing solutions that will drive the industry forward, we will accomplish great things," said Rakushkin. Reidy joins 365 Retail Markets with over thirty years of experience in sales leadership and executive management. Throughout his career, he has successfully developed and grown businesses across various verticals and industries. Reidy has cultivated a deep understanding of the SaaS industry by advancing through prominent firms, including well-known players in the automotive technology space, such as KPA, Netsertive, and DealerMatch. During his time at vAuto, he designed highly effective sales and operations management processes and built a renowned national sales team. When asked about his optimism around 365's growth potential, Reidy noted, "I'm fortunate to be joining a well-established team at 365 Retail Markets, and I believe that through coaching and establishing the right processes, we can expand our opportunities immensely. I am looking forward to elevating the reach and success of this organization through the help of a world-class sales team." Joe Hessling , CEO at 365 Retail Markets, expressed his excitement about the leadership additions. "Bringing experts like Anton and Bill onto the team is essential to keep up with the intense growth we are seeing in our unattended retail business. We have heard for years that the market is tired of the lack of investment by the legacy VMS providers and the lack of consumer-focused features from the me-too payment terminal providers. Anton and Bill will be focused on being sure 365 remains the global leader for decades to come." Joe Rogan retires after 10 years with 365. While currently serving as Chief Strategy Officer, he has previously served as Chief Financial Officer and an early advisor and Board Member helping define nearly every successful initiative in the company's history. Joe will be missed greatly by his industry colleagues and friends at 365 but will remain in an advisory role in his retirement. John Chidiac's decade of service to 365 comes with many accomplishments in roles as Chief Operating Officer and later as President of International, spearheading international growth. His dedication to 365 has positioned the long-term success internationally and his relationships with many in the industry has gained him immense respect among his peers and colleagues. Hessling acknowledged their contributions, stating, "I would like to thank both Joe and John for helping me turn 365 into what it is today. Taking the leap to join over 10 years ago was a risk neither had to take and their impact on 365, me, and the industry has been something that most don't ever get the chance to do in their careers. I will miss working with them both but am happy for them in their next stage of life." Both retirements are effective December 31, 2024 and 365 Retail Markets thanks both individuals for their incredible dedication and commitment to the organization and industry. CONTACT: Navreet Gill VP of Marketing & Communications, 365 Retail Markets navreet.gill@365smartshop.com About 365 Retail Markets 365 Retail Markets is the global leader in unattended retail technology. Founded in 2008, 365 provides a full suite of best-in-class, self-service technologies for food service operators including end-to-end integrated SaaS software, payment processing and point of-sale hardware. Today, the company's technology solutions autonomously power food retail spaces at corporate offices, manufacturing and distribution facilities, hospitality settings and more, in order to provide compelling foodservice options for consumers. 365's technology solutions include a growing suite of frictionless smart stores, micro markets, vending, catering, and dining point-of-sale options to meet the expanding needs of its customers. 365 continuously pioneers innovation in the industry with superior technology, strategic partnerships and ultimate flexibility in customization and branding. For more information about 365 Retail Markets, visit www.365retailmarkets.com and connect on Facebook, Twitter, YouTube, and LinkedIn. View original content to download multimedia: https://www.prnewswire.com/news-releases/365-retail-markets-strengthens-leadership-team-with-key-hires-302339366.html SOURCE 365 Retail Markets, LLCAnother recount won't be ordered in a North Carolina court race, but protests are aheadIsraeli airstrikes hit a Yemen airport as a jet with hundreds onboard was landing, UN official says
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Stocks wavered on Wall Street in afternoon trading Thursday, as gains in tech companies and retailers helped temper losses elsewhere in the market. The S&P 500 was up less than 0.1% after drifting between small gains and losses. The benchmark index is coming off a three-day winning streak. The Dow Jones Industrial Average was up 10 points, or less than 0.1%, as of 3:20 p.m. Eastern time. The Nasdaq composite was up 0.1%. Trading volume was lighter than usual as U.S. markets reopened after the Christmas holiday. Chip company Broadcom rose 2.5%, Micron Technology was up 1.3% and Adobe gained 0.8%. While tech stocks overall were in the green, some heavyweights were a drag on the market. Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, slipped 0.1%. Meta Platforms fell 0.5%, Amazon was down 0.4%, and Netflix gave up 0.7%. Tesla was among the biggest decliners in the S&P 500, down 1.4%. Health care stocks helped lift the market. CVS Health rose 1.4% and Walgreens Boots Alliance rose 3.9% for the biggest gain among S&P 500 stocks. Several retailers also gained ground. Target rose 3.1%, Ross Stores added 1.8%, Best Buy was up 2.5% and Dollar Tree gained 3.6%. Traders are watching to see whether retailers have a strong holiday season. The day after Christmas traditionally ranks among the top 10 biggest shopping days of the year, as consumers go online or rush to stores to cash in gift cards and raid bargain bins. U.S.-listed shares in Honda and Nissan rose 4.2% and 15.9%, respectively. The Japanese automakers announced earlier this week that the two companies are in talks to combine. Traders got a labor market update. U.S. applications for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years, the Labor Department reported. Treasury yields turned mostly lower in the bond market. The yield on the 10-year Treasury fell to 4.58% from 4.59% late Tuesday. Major European markets were closed, as well as Hong Kong, Australia, New Zealand and Indonesia. Trading was expected to be subdued this week with a thin slate of economic data on the calendar. Still, U.S. markets have historically gotten a boost at year’s end despite lower trading volumes. The last five trading days of each year, plus the first two in the new year, have brought an average gain of 1.3% since 1950. So far this month, the U.S. stock market has lost some of its gains since President-elect Donald Trump’s win on Election Day, which raised hopes for faster economic growth and more lax regulations that would boost corporate profits. Worries have risen that Trump’s preference for tariffs and other policies could lead to higher inflation, a bigger U.S. government debt and difficulties for global trade. Even so, the U.S. market remains on pace to deliver strong returns for 2024. The benchmark S&P 500 is up roughly 26% so far this year and remains near its most recent all-time high it set earlier this month — its latest of 57 record highs this year. Wall Street has several economic reports to look forward to next week, including updates on pending home sales and home prices, a report on U.S. construction spending and snapshots of manufacturing activity.Cowboys shutting down CeeDee Lamb with 2 games to go over receiver’s shoulder issueis thrilled to announceits ,offering an out of this world lineup of events, shows, andactivities for all ages. Running now until , the programme invites people to stayconnected to the wonders of the night sky, even as the daysgrow longer. Witness the on the eastern horizon in theearly morning before sunrise. This astronomical event alignswith , marking thebeginning of , the 8th month of the Māori lunaryear. Earth will reachits perihelion marking the time that we are at our closestpoint to the Sun within our orbit. The effect is negligibleon our seasons and climate, but it directly increases therisk of Sun damage for us in the southernhemisphere. Mars willreach its opposition, or closest point to Earth. The planetwill appear bright in the sky throughout summer, rising inthe east after sunset and easily visible to the naked eye asa bright orange point of light. Join a hands-on,educator-led robotics workshop where you willbuild and code a tonavigate the Martian surface. Test your skills in athrilling maze challenge, followed by the planetariumshow and a water rocketdemonstration (weather permitting). Recommended forages 7+. Duration: 150 minutes. Afternoonsessions January 13, 17, 20, 24 & 31. $35 per child(includes free adult entry) | $20 for Starlight Explorermembers Stardome’s popular waterbottle rocket launches are now listed on their website.Blast off with an iconic bottle rocket demonstration, setagainst the stunning backdrop of Maungakiekie/One Tree Hill(weather permitting). No ticket required — FREE with allplanetarium shows or gallery entry! Duration: 15minutes | Selected dates and times: Seewebsite Join showman extraordinaire 'The GreatSchiaparelli' as he takes you on a space-time adventurewithin his wondrous Observatorium. From the sun-scorchedsurface of Mercury to the icy expanses of Pluto and beyond,prepare to be subjected to the myriad dangers and wonders ofour solar system. On July 20th 1969, 600 million people aroundthe world gathered to witness a historic moment of humanachievement broadcast live from the Moon. The worldcelebrated as the astronauts took their first steps, but fewpeople were aware of just how huge an effort it had taken toget them there. How did they do it? What did it take to puthumans on the Moon? Anew show in the wildly popular series explores howdifferent ecosystems of our world are intrinsicallyconnected. With the help of satellites, we can examine thelinks between human activities and climatechange. Join George on this inter-planetary adventure.A delightful 15-minute introduction to the solar system forpreschoolers. Under 5's go FREE, with accompanyingadults just $5. It's not just outer space you can explore inthe planetarium! This is the story of the trillions of cellsthat form our bodies, from our beginnings as a single cellto the complexity of a whole body: it’s the story of whowe are. Stardome is offering two FREEscreenings of , the inspirationaltrue story of Opportunity, a rover that was sent to Mars fora 90-day mission but ended up surviving for 15 years. Thefilm follows Opportunity’s groundbreaking journey on Marsand the remarkable bond forged between a robot and herhumans millions of miles away. This is a free event, butbooking is required and places are strictly limited. Thisevent is proudly supported by the United StatesMission. 4 & 11 December 20248pm. Start the holiday season with someclassic Christmas movies. Shown against the backdrop ofthe night sky inside the planetarium, Stardome's screeningsare movie nights with a difference. Plus there's a freepopcorn with every ticket! TheGrinch (2018) Elf HomeAlone 2024 has been anepic year in space, with stranded astronauts,dazzling auroras, comets, meteor showers, andeclipses. The Year in Space isStardome’s own fulldome showcase of the year’shighlights and includes stunning recent images anddiscoveries from the JamesWebb Space Telescope,exciting space events of the year, andbreathtaking astrophotography from finalistsof the NZ Astrophotography Competition. Take atrip through space andwitness the beauty of our universe as seen fromAotearoa New Zealand. Not to bemissed! The Stardome gift shop has an original,curated range of space gifts, educational astronomy toys,and fun stocking fillers at reasonable prices. 670 ManukauRd, One Tree Hill Domain, Epsom. NASA’s plans to land their next lunarmission, known as IM-2, on the lunar south pole in January,which is certain to make the news. This mission aims touncover the presence of lunar ice at the south pole, whichis the chosen landing destination for the future crewedArtemis 3 mission in a few years. Water ice withinpermanently shadowed craters is a key resource on our moon,and scientists hope to confirm the presence of surface icefor crewed missions. Water can be used for drinking, butalso broken into hydrogen for rocket fuel and oxygen forbreathable air. For more information, showtimes, andbookings, visit www.stardome.org.nz .
Goethe Institut Nigeria and Sahara Centre recently organised the Art Space Projects Presentation and Exhibition for 12 young Nigerian creatives drawn from different disciplines especially artists, architects and photographers after six months of rigorous trainings on art Space negotiations which took place in some parts of Lagos. The team also produced the first-ever tool kit which will help future creatives on how to either negotiate or renegotiate spaces in different parts of Nigeria and make them religiously, economically and socially viable. The initiator of the idea, Kolawole Oludamilare, a Programme Coordinator at the institute and Coordinator of the Arts Space Negotiation Project, said what inspired him was when he discovered many art spaces closing down, especially the African Arts Foundation, “and some spaces that I knew when i was coming into Lagos, art spaces that are free, and art spaces that you can create. I saw these art spaces closing down and other major research showed that we don’t have what ought to have creative spaces. Of course, there was this pressure on spaces that are not making immediate profits to close down. We started thinking of how to creatively think about the art and the space in a way that we will in some few years in Lagos tackle the issue of art desert spaces. If you look at all of the communities in Lagos except the Island, art spaces are not part where we originally built our communities. You see churches, mosques, beer parlours, car wash spaces, you see every other space but you don’t see an art space. “As a worker here (Goethe Institut), when foreigners come and they ask where can we screen this or where can we do this? We can only mention a few places, they really want to go into Lagos and experience of course because they hear a lot about the arts in Nigeria. They want to come and experience and unfortunately there are no spaces to host all of these spaces that they hear about. So that is the idea behind this project of negotiating spaces because we know that we can compete to get spaces. How can we negotiate to make sure that the idea of art space doesn’t go into extinction in Lagos.” Speaking on criteria for selection of fellowship members, he said though new to everybody, “we are looking for a creative way to address the issue. So we picked from architects, arts entrepreneurs and artists. The idea of space is what some governments and private organisations are now putting into their programmes because nobody thought about state space before now. We wanted a diverse creative society. “The art space project started around 2022, an artist from Glasgow came into the country and was mapping out art spaces in Lagos. He made a very interesting discovery, he said Lagos is twice as big as London but has far less art spaces than we have in London.” Dr. Adun Okupe, a member of the Advisory Board of Sahara Centre, said collaboration was the future of what spaces can look like.TransMedics Group ( TMDX 3.03% ) was a top-performing stock that more than doubled in value during the months between the end of 2023 and late August. Unfortunately, shares of the healthcare stock have collapsed more than 60% from their previous peak. The stock had already been beaten down this year, but management recently incited another round of losses by announcing a new chief accountant and lowering its revenue guidance range. Recent announcements might not bode well for TransMedics, but its proprietary organ care system (OCS) has been generating tremendous sales growth. In the first half of 2024, total revenue rocketed about 125% higher year over year. Let's look at what's gone wrong to see if this stock could be a bargain buy on the dip. Why TransMedics stock was beaten severely On Dec. 2, TransMedics said the revenue guidance it had already lowered on Oct. 28 was no longer valid; management lowered the midpoint of its revenue guidance range to $430 million from $435 million. The difference was minor, but the stock fell hard . The small guidance reduction had an outsized impact on the stock because American businesses rarely need to walk back revenue guidance in between the quarterly reports they issue every three months. Reminding investors that its growth rate is rapidly decelerating as the CFO departs probably should make investors nervous. TransMedics has attracted some downgrades from sell-side analysts who have noticed intensifying competition for transplant organ preservation services. For example, OrganOx is a privately held British company that markets a similar device called Metra. In late 2021, the OrganOx Metra system earned approval from the U.S. Food and Drug Administration (FDA) to transport livers. OrganOx is a privately held company that doesn't have to report sales, but we know that liver transplants are responsible for 70% of TransMedics Group's total revenue. In 2023, TransMedics acquired an aviation company, its fleet of jets, and a lot of maintenance expenses. If it's passing those expenses on to transplant centers that don't appreciate the extra service, they'll beat a path to OrganOx's door. Paragonix is another organ transport and preservation business that could apply more pressure on TransMedics' growth rate. In 2023, the Massachusetts company reported just $43 million in sales -- but this September it was acquired by Getinge, an international healthcare giant with over 12,000 employees. Not a bargain Shares of TransMedics have been beaten way down, but I wouldn't say they're in bargain territory. The stock is still trading for 71 times trailing-12-month earnings, or 5.9 times trailing-12-month sales. This rich valuation is only appropriate for businesses you can expect to grow at a double-digit percentage for many years. I recently trimmed my TransMedics position because intensifying competition has slowed sales growth to a trickle, but the stock is still richly valued. Management's new guidance range implies $110 million in revenue during the fourth quarter, which is only slightly more than the $109 million it reported in the third quarter. But I didn't close my position, because the results from the OCS DCD Heart trial could give TransMedics a durable advantage and allow for many years of steady growth. In the study, hearts donated after cardiac death (DCD) and maintained with a TransMedics OCS led to significantly improved survival odds compared to cold-stored hearts that were donated after brain death (DBD). This is a big deal, because most surgeons won't touch cold-stored DCD hearts. Paragonix's SherpaPak produces similar results with DCD hearts but keeps them at a lower temperature. As a warmer device, the TransMedics OCS can carry hearts longer distances than the SherpaPak, which makes it easier to find a matched recipient. Intensifying competition might slow TransMedics Group's growth rate. Still, I expect it to continue growing, albeit at a much slower rate than investors have gotten used to over the past couple of years.
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Lake Macquarie mayor Adam Shultz has outlined his plan to begin laying the foundations to tackle the region's housing crisis. Login or signup to continue reading At Monday night's council meeting, Cr Shultz will use the mayoral minutes to launch the Lake Macquarie Housing Forum, tentatively planned for April next year. A housing forum was a key election promise from Cr Shultz, who was selected by Labor unopposed to replace former mayor Kay Fraser. Cr Shultz won the popular vote for mayor with 35.8 per cent of the vote. Community housing providers, developers, NSW Minister for Planning Paul Scully, NSW Minister for the Hunter Yasmin Catley, and community groups will be invited to discuss how Lake Macquarie can tackle the demand for more dwellings throughout the local government area. "In terms of where we are, there is a housing crisis," Cr Shultz said. "How do we differentiate Lake Macquarie from all the other areas and encourage strategic urban development and densification? "This is about having frank and open conversations." NSW Premier Chris Minns has earmarked Lake Macquarie for 8000 new home completions by 2029, 30 per cent higher than the 2017-2022 period. Much of that growth is centred in the western and north-western parts of Lake Macquarie, which is forecast to expand from a population of 18,093 in 2021 to 32,322 by 2046. The NSW Labor Government has already identified land around train stations at Morisset, Booragul, Teralba, Cockle Creek and Cardiff as being suited for high-density housing as part of the Transport Orientated Development program. It's an initiative, Cr Shultz supports. "In terms of our growth, why wouldn't we leverage the infrastructure we've already got and obviously advocate to the state government for upgrades and getting trains to run along that corridor, which can take people into Newcastle or down to Gosford and gentrify the western side of the lake as well?" he said. "That's not to say it all needs to be centred there. There's obviously other public transport corridors on the eastern side and north. "But a part of this discussion is to flesh out a way forward with ideas and solutions, that at a council level, we can take away and try to implement." Data released on Friday by the National Shelter-SGS Economics and Planning Rental Affordability Index showed no postcodes in the Hunter are considered affordable for rental housing based on the average income of tenants. As a father with three young kids, Cr Shultz said using the levers of council to rezone land to help make housing more affordable and to encourage more investment was essential to future prosperity. "We want investment in Lake Macquarie; we want houses; we want jobs; we want opportunities for people," he said. "It's about working with the state government and getting good outcomes for Lake Macquarie and the people who want to come here to ensure your grand kids, or your children, don't need to relocate out of Lake Macquarie to be all they can be. "We want to have opportunities for people, and part of that is increasing the housing supply strategically." Josh Leeson is a news and features journalist, who focuses on Lake Macquarie, politics and entertainment at the Newcastle Herald. He first joined the masthead in 2008 after stints at the Namoi Valley Independent and Port Stephens Examiner and has previously covered sport, including the Asian Cup, A-League, Surfest, cricket and rugby league. Josh Leeson is a news and features journalist, who focuses on Lake Macquarie, politics and entertainment at the Newcastle Herald. 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