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There is no evidence that Wayfair was ever involved in child traffickingToday, the U.S. government announced additional measures to further restrict semiconductor technology exports to China . Our initial assessment is that the effect of the announced measures on Lam's business will be broadly consistent with our prior expectations. As a result, at this time we have no plans to update Lam's financial guidance for the December 2024 quarter as stated in our earnings press release on October 23, 2024 . About Lam Research Lam Research Corporation is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam's equipment and services allow customers to build smaller and better performing devices. In fact, today, nearly every advanced chip is built with Lam technology. We combine superior systems engineering, technology leadership, and a strong values-based culture, with an unwavering commitment to our customers. Lam Research (Nasdaq: LRCX) is a FORTUNE 500® company headquartered in Fremont, Calif. , with operations around the globe. Learn more at www.lamresearch.com . (LRCX) Caution Regarding Forward-Looking Statements: Statements made in this press release that are not of historical fact are forward-looking statements and are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to but are not limited to the effect of U.S. government restrictions on semiconductor technology exports to China , the effect of such measures on Lam's business, and our outlook and guidance for future financial results. Some factors that may affect these forward-looking statements include: trade regulations, export controls, trade disputes, and other geopolitical tensions may inhibit our ability to sell our products; our understanding of newly announced trade restrictions and their impact on our business may change over time; business, political and/or regulatory conditions in the consumer electronics industry, the semiconductor industry and the overall economy may deteriorate or change; the actions of our customers and competitors may be inconsistent with our expectations; supply chain cost increases and other inflationary pressures have impacted and may continue to impact our profitability; supply chain disruptions or manufacturing capacity constraints may limit our ability to manufacture and sell our products; and natural and human-caused disasters, disease outbreaks, war, terrorism, political or governmental unrest or instability, or other events beyond our control may impact our operations and revenue in affected areas; as well as the other risks and uncertainties that are described in the documents filed or furnished by us with the Securities and Exchange Commission, including specifically the Risk Factors described in our annual report on Form 10-K for the fiscal year ended June 30, 2024 and quarterly report on Form 10-Q for the quarter ended September 29, 2024 . These uncertainties and changes could materially affect the forward-looking statements and cause actual results to vary from expectations in a material way. The Company undertakes no obligation to update the information or statements made in this press release. Company Contacts: Ram Ganesh Investor Relations (510) 572-1615 Email: investor.relations@lamresearch.com Source: Lam Research Corporation### View original content to download multimedia: https://www.prnewswire.com/news-releases/lam-research-corporation-comments-on-newly-announced-export-regulations-302320046.html SOURCE Lam Research Corporation
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What you need to know: The Verizon Frontline Crisis Response Team deployed nearly 900 times in 2024, supporting first responders in nearly every state and Washington D.C. The team responded to requests for support from public safety agencies during responses to tornadoes, hurricanes, and wildfires. BASKING RIDGE, N.J., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Throughout 2024, public safety agencies across the nation responded to everything from severe weather events like tornadoes and hurricanes to devastating wildfires and more, all under some of the most austere conditions imaginable. During this challenging year, the Verizon Frontline Crisis Response Team helped provide mission-critical communications support to the first responders on the front lines of these disaster response operations. Composed primarily of former public safety and military personnel, the Verizon Frontline Crisis Response Team is dedicated to supporting first responders and government agencies during emergencies at no cost to the supported agencies. In 2024, the team: Responded to more than 1,500 requests for support. Helped enable mission-critical communications capabilities for more than 800 different federal, state and local public safety agencies in nearly every state and Washington, D.C. during emergency response operations. Provided public safety agencies with more than 10,000 Verizon Frontline devices and solutions. These solutions included everything from repeaters, mobile hotspots, routers, smart devices and drones to dozens of deployable satellite solutions such as Satellite Picocells on Trailers (SPOTs). Major response efforts this year included: Wildfire Response : To help enable mission-critical voice and data service during fire mitigation efforts in locations across the country, the Verizon Frontline Crisis Response Team delivered close to 2,000 Verizon Frontline solutions to public safety agencies conducting wildfire response operations in 2024. The Verizon Frontline Crisis Response Team responded to close to 250 requests for support from wildland firefighters battling blazes everywhere from New Mexico to Oregon and Washington . Hurricane Response: The Verizon Frontline Crisis Response Team supported public safety agencies and the communities they serve during three major hurricanes in 2024: Helene , Milton and Beryl . Hurricane Helene alone saw more than 600 Verizon Frontline solutions delivered to over 115 public safety agencies in Florida, Georgia, South Carolina and North Carolina as they dealt with the aftermath of the storm. Tornado response: The Verizon Frontline Crisis Response Team responded to more than 30 requests for support from public safety agencies in 10 different states following tornadoes. The team delivered more than 300 Verizon Frontline solutions to first responders on the front lines of emergency response operations following these severe weather events. Additional 2024 Responses: Verizon Frontline solutions were also deployed in support of public safety agencies: To provide connectivity to agencies impacted by ransomware attacks. During dozens of training exercises involving federal , state and local agencies. During major public events such as sporting events and airshows. During both the Republican and Democratic National Conventions. In addition to the Crisis Response Team support, Verizon Frontline also debuted two new deployable assets in 2024. 2024 also saw Verizon Frontline announce a partnership with the National Oceanic and Atmospheric Administration (NOAA), signing a three-year Cooperative Research and Development Agreement to explore new strategies to rapidly deploy uncrewed aircraft systems to collect and distribute imagery of damage resulting from severe storms such as tornadoes or hurricanes. Verizon Frontline is the advanced network and technology built for first responders – developed over three decades of partnership with public safety officials and agencies – to meet their unique and evolving needs. Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $134.0 billion in 2023. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores. VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news . News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/ . Media contact: Chandler Baker chandler.baker@verizon.com 757 725 4806The Senate on Wednesday passed an $895.2 billion defense policy bill that sparked controversy when House Speaker Mike Johnson amended the legislation with language forbidding the use of federal funds to cover specialized medical care for the transgender children of U.S. military personnel . The annual National Defense Authorization Act was approved by a vote of 85-14, with several Democrats opposing. It will now go to the president, who is expected to sign it into law. Over the objections of most House Democrats and some Republicans, Johnson, R-La., upended what historically is an overwhelmingly bipartisan vote to approve the NDAA. The House passed the bill 281-140 last week, with fewer than half of the chamber’s Democrats voting in favor of it. Many — including some who played key roles drafting the sprawling national security package — expressed bitterness that months of good-faith negotiation between members of both political parties from the House and Senate had been tainted. The anger this week spilled over into the Senate, where Sen. Tammy Baldwin, D-Wis., led 20 other senators in a largely symbolic effort to strike Johnson’s provision from the legislation. On Tuesday, she said she was so appalled by its inclusion that she would vote against the NDAA for the first time in her Senate career — “a position I do not take lightly,” she added. “It’s flat-out wrong,” Baldwin said on the Senate floor, blasting a policy that “guts our service members’ rights” simply “to score cheap political points.” If not for that provision, Baldwin said, “I would have been proud to support it.” The NDAA sets Pentagon and U.S. national security policy for the year ahead. Republicans and Democrats alike have lauded the bill’s 14.5% pay increase for junior enlisted troops, along with its authorization for spending increases on military “quality of life” issues. The bill also strengthens U.S. defenses against China while expanding investment in new military technologies and replenishing U.S. weapons stockpiles, they said. Several senior Democratic senators said that while they shared their colleagues’ frustration with the transgender care provision, the NDAA was too important to fail. “The NDAA is not perfect, but it still makes several important advances Democrats fought for,” Senate Majority Leader Chuck Schumer, D-N.Y., said Wednesday on the Senate floor, praising the bill’s “strong stand” against China and its authorized investment in artificial intelligence. Sen. Jack Reed, D-R.I., who chairs the Senate Armed Services Committee, said Wednesday ahead of the vote that he shares his “colleagues’ frustration” and that he voted against Johnson’s “frankly misguided provision” during the negotiation process. Reed earlier this week told reporters that Democrats had also been “successful in stripping out the vast majority of very far-right provisions that had passed in the House bill” and stressed the bill’s larger mission to provide the resources the military needs to successfully defend America. “We have a duty to support our servicemen and women ... and we believe this bill, by and large, accomplishes that,” he said. Sen. Mark Warner, D-Va., who chairs the Senate Intelligence Committee, said he worried Johnson’s provision could set a dangerous precedent for the inclusion of other “social policy riders” in future NDAAs, which in turn could threaten the annual policy bill’s decadeslong record of consistent passage. “But at the end of the day, I’m not going to sink the whole defense and intel bill,” he said in an interview. Johnson’s provision states that “medical interventions for the treatment of gender dysphoria” — a medical diagnosis for those whose gender identity is different from their biological sex at birth — “that could result in sterilization may not be provided to a child under the age of 18,” something medical professionals say does not happen in most cases. Republican supporters of the move — many of whom, like Johnson, have sought to limit transgender rights and treatments more broadly — portrayed the provision as protecting children from the potentially permanent consequences of medical treatments administered to them as minors. On the other side of the aisle, Democrats framed it as an act born of bigotry and ignorance that would deny potentially lifesaving treatments to adolescents struggling with gender dysphoria — a population that has a high prevalence of suicide. It is unclear how many children would be affected by the provision. The House Armed Services Committee’s Democratic staff said the Pentagon told them it would impact thousands of families. In 2017, there were 2,500 minors receiving such health care through the military’s TRICARE health system, according to a report circulated by the American Civil Liberties Union. The Williams Institute, a UCLA-based think tank that researches gender identity and sexual orientation laws, says that nationwide, there are about 300,000 youth, aged 13 to 18, who identify as transgender, and that 0.6% of the total U.S. population identifies as transgender. House Armed Services Committee Chairman Mike Rogers, R-Ala., told reporters last week that Johnson’s provision was unnecessary because President-elect Donald Trump is likely to enact the same policy — with or without Congress — once he takes office next month. Senior lawmakers from both parties have sought to highlight what the NDAA does accomplish. For instance, the bill authorizes a significant pay increase for junior enlisted U.S. service members, whose lagging salaries have forced many military families to resort to food stamps and other forms of public assistance — circumstances that have shocked members of both parties in hearings held over the past two years. It also authorizes roughly $3 billion to improve military housing, including the replacement of dilapidated and crumbling barracks. And it will expand child care and other benefits to a military that lawmakers say has failed to offer competitive career options amid a worsening recruitment crisis. The bill authorizes the expansion of U.S. military resources to assist with migrant interdiction on the border with Mexico and expands U.S. assistance to Israel — core Republican priorities. It does not authorize additional military assistance for Ukraine, an issue where most Republicans now echo Trump’s skepticism about continuing to aid Kyiv’s efforts to repel Russia’s full-scale invasion. Instead, it requires the administration to provide Congress with an assessment of the “likely course of war in Ukraine,” including whether its military will be able to “to defend against Russian aggression” if the United States stops providing support. The bill also does not include an additional $25 billion to its top line. That additional funding for missile defense, shipbuilding and counter-drone technology was approved over the summer by the Senate Armed Services Committee — at the urging of its top Republican, Sen. Roger Wicker of Mississippi — but was abandoned in the final bill negotiated between the House and Senate. Wicker on Wednesday called the NDAA “a good bill” but scolded Congress for having “missed the opportunity to strengthen” Trump’s hand as he takes office next month and confronts what Wicker described as “the most dangerous national security moment since World War II.” Senate Minority Leader Mitch McConnell, R-Ky., this week also derided the NDAA as a “compromised product” for its failure to include those additional funds. “The absence of the Senate-backed increase to top-line investments will go down as a tremendous, tremendous missed opportunity,” McConnell said on the Senate floor Monday. “Artificial budget restraints mean that major bill provisions, like a pay raise for enlisted service members, will come at the expense of investments in the critical weapon systems and munitions that deter conflict and keeps them safe.” Washington Post writer Mariana Alfaro contributed to this report. We invite you to add your comments. We encourage a thoughtful exchange of ideas and information on this website. By joining the conversation, you are agreeing to our commenting policy and terms of use . More information is found on our FAQs . You can modify your screen name here . Comments are managed by our staff during regular business hours Monday through Friday as well as limited hours on Saturday and Sunday. Comments held for moderation outside of those hours may take longer to approve. Please sign into your Sun Journal account to participate in conversations below. If you do not have an account, you can register or subscribe . Questions? Please see our FAQs . Your commenting screen name has been updated. Send questions/comments to the editors.
U.S. Contemplates Ban on TP-Link Routers Amid Security FearsMedtronic plc ( NYSE:MDT – Free Report ) – Investment analysts at William Blair decreased their Q3 2025 earnings estimates for Medtronic in a report issued on Tuesday, November 19th. William Blair analyst M. Andrew now forecasts that the medical technology company will post earnings of $1.36 per share for the quarter, down from their previous estimate of $1.37. The consensus estimate for Medtronic’s current full-year earnings is $5.46 per share. William Blair also issued estimates for Medtronic’s Q4 2025 earnings at $1.62 EPS, FY2025 earnings at $5.46 EPS and Q2 2026 earnings at $1.43 EPS. A number of other analysts have also weighed in on MDT. Piper Sandler increased their target price on Medtronic from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 21st. Citigroup increased their price objective on Medtronic from $85.00 to $92.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 1st. Barclays lifted their target price on Medtronic from $104.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Royal Bank of Canada raised shares of Medtronic from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $98.00 to $105.00 in a research report on Thursday, October 10th. Finally, Daiwa America raised shares of Medtronic to a “strong-buy” rating in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $95.00. Medtronic Price Performance MDT stock opened at $86.21 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.61 and a debt-to-equity ratio of 0.51. Medtronic has a 12 month low of $75.96 and a 12 month high of $92.68. The stock has a market cap of $110.56 billion, a PE ratio of 26.36, a P/E/G ratio of 2.42 and a beta of 0.84. The company has a 50-day moving average price of $88.99 and a 200 day moving average price of $84.87. Medtronic ( NYSE:MDT – Get Free Report ) last issued its quarterly earnings data on Tuesday, November 19th. The medical technology company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.01. Medtronic had a return on equity of 13.79% and a net margin of 13.00%. The company had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same period in the previous year, the firm posted $1.25 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Institutional Inflows and Outflows Large investors have recently bought and sold shares of the stock. Fortitude Family Office LLC purchased a new stake in Medtronic during the third quarter worth $27,000. Highline Wealth Partners LLC purchased a new position in shares of Medtronic in the 3rd quarter valued at about $27,000. Darwin Wealth Management LLC acquired a new position in Medtronic in the 3rd quarter worth about $27,000. Lynx Investment Advisory purchased a new position in Medtronic during the second quarter worth approximately $28,000. Finally, J. Stern & Co. LLP purchased a new stake in shares of Medtronic in the third quarter valued at approximately $30,000. 82.06% of the stock is owned by institutional investors and hedge funds. About Medtronic ( Get Free Report ) Medtronic plc develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients worldwide. Its Cardiovascular Portfolio segment offers implantable cardiac pacemakers, cardioverter defibrillators, and cardiac resynchronization therapy devices; cardiac ablation products; insertable cardiac monitor systems; TYRX products; and remote monitoring and patient-centered software. Further Reading Receive News & Ratings for Medtronic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Medtronic and related companies with MarketBeat.com's FREE daily email newsletter .