ATLANTA (AP) — Jimmy Carter, the peanut farmer who won the presidency in the wake of the Watergate scandal and Vietnam War, endured humbling defeat after one tumultuous term and then redefined life after the White House as a global humanitarian, has died. He was 100 years old. The longest-lived American president died on Sunday, more than a year after entering hospice care , at his home in the small town of Plains, Georgia, where he and his wife, Rosalynn, who died at 96 in November 2023 , spent most of their lives, The Carter Center said. “Our founder, former U.S. President Jimmy Carter, passed away this afternoon in Plains, Georgia,” the center said in posting about his death on the social media platform X. It added in a statement that he died peacefully, surrounded by his family. As reaction poured in from around the world, President Joe Biden mourned Carter’s death, saying the world lost an “extraordinary leader, statesman and humanitarian” and he lost a dear friend. Biden cited Carter’s compassion and moral clarity, his work to eradicate disease, forge peace, advance civil and human rights, promote free and fair elections, house the homeless and advocacy for the disadvantaged as an example for others. “To all of the young people in this nation and for anyone in search of what it means to live a life of purpose and meaning – the good life – study Jimmy Carter, a man of principle, faith, and humility,” Biden said in a statement. “He showed that we are a great nation because we are a good people – decent and honorable, courageous and compassionate, humble and strong.” Biden said he is ordering a state funeral for Carter in Washington. Businessman, Navy officer, evangelist, politician, negotiator, author, woodworker, citizen of the world — Carter forged a path that still challenges political assumptions and stands out among the 45 men who reached the nation’s highest office. The 39th president leveraged his ambition with a keen intellect, deep religious faith and prodigious work ethic, conducting diplomatic missions into his 80s and building houses for the poor well into his 90s. “My faith demands — this is not optional — my faith demands that I do whatever I can, wherever I am, whenever I can, for as long as I can, with whatever I have to try to make a difference,” Carter once said. A moderate Democrat, Carter entered the 1976 presidential race as a little-known Georgia governor with a broad smile, outspoken Baptist mores and technocratic plans reflecting his education as an engineer. His no-frills campaign depended on public financing, and his promise not to deceive the American people resonated after Richard Nixon’s disgrace and U.S. defeat in southeast Asia. “If I ever lie to you, if I ever make a misleading statement, don’t vote for me. I would not deserve to be your president,” Carter repeated before narrowly beating Republican incumbent Gerald Ford, who had lost popularity pardoning Nixon. Carter governed amid Cold War pressures, turbulent oil markets and social upheaval over racism, women’s rights and America’s global role. His most acclaimed achievement in office was a Mideast peace deal that he brokered by keeping Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin at the bargaining table for 13 days in 1978. That Camp David experience inspired the post-presidential center where Carter would establish so much of his legacy. Yet Carter’s electoral coalition splintered under double-digit inflation, gasoline lines and the 444-day hostage crisis in Iran. His bleakest hour came when eight Americans died in a failed hostage rescue in April 1980, helping to ensure his landslide defeat to Republican Ronald Reagan. Carter acknowledged in his 2020 “White House Diary” that he could be “micromanaging” and “excessively autocratic,” complicating dealings with Congress and the federal bureaucracy. He also turned a cold shoulder to Washington’s news media and lobbyists, not fully appreciating their influence on his political fortunes. “It didn’t take us long to realize that the underestimation existed, but by that time we were not able to repair the mistake,” Carter told historians in 1982, suggesting that he had “an inherent incompatibility” with Washington insiders. Carter insisted his overall approach was sound and that he achieved his primary objectives — to “protect our nation’s security and interests peacefully” and “enhance human rights here and abroad” — even if he fell spectacularly short of a second term. Ignominious defeat, though, allowed for renewal. The Carters founded The Carter Center in 1982 as a first-of-its-kind base of operations, asserting themselves as international peacemakers and champions of democracy, public health and human rights. “I was not interested in just building a museum or storing my White House records and memorabilia,” Carter wrote in a memoir published after his 90th birthday. “I wanted a place where we could work.” That work included easing nuclear tensions in North and South Korea, helping to avert a U.S. invasion of Haiti and negotiating cease-fires in Bosnia and Sudan. By 2022, The Carter Center had declared at least 113 elections in Latin America, Asia and Africa to be free or fraudulent. Recently, the center began monitoring U.S. elections as well. Carter’s stubborn self-assuredness and even self-righteousness proved effective once he was unencumbered by the Washington order, sometimes to the point of frustrating his successors . He went “where others are not treading,” he said, to places like Ethiopia, Liberia and North Korea, where he secured the release of an American who had wandered across the border in 2010. “I can say what I like. I can meet whom I want. I can take on projects that please me and reject the ones that don’t,” Carter said. He announced an arms-reduction-for-aid deal with North Korea without clearing the details with Bill Clinton’s White House. He openly criticized President George W. Bush for the 2003 invasion of Iraq. He also criticized America’s approach to Israel with his 2006 book “Palestine: Peace Not Apartheid.” And he repeatedly countered U.S. administrations by insisting North Korea should be included in international affairs, a position that most aligned Carter with Republican President Donald Trump. Among the center’s many public health initiatives, Carter vowed to eradicate the guinea worm parasite during his lifetime, and nearly achieved it: Cases dropped from millions in the 1980s to nearly a handful. With hardhats and hammers, the Carters also built homes with Habitat for Humanity. The Nobel committee’s 2002 Peace Prize cites his “untiring effort to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development.” Carter should have won it alongside Sadat and Begin in 1978, the chairman added. Carter accepted the recognition saying there was more work to be done. “The world is now, in many ways, a more dangerous place,” he said. “The greater ease of travel and communication has not been matched by equal understanding and mutual respect.” Carter’s globetrotting took him to remote villages where he met little “Jimmy Carters,” so named by admiring parents. But he spent most of his days in the same one-story Plains house — expanded and guarded by Secret Service agents — where they lived before he became governor. He regularly taught Sunday School lessons at Maranatha Baptist Church until his mobility declined and the coronavirus pandemic raged. Those sessions drew visitors from around the world to the small sanctuary where Carter will receive his final send-off after a state funeral at Washington’s National Cathedral. The common assessment that he was a better ex-president than president rankled Carter and his allies. His prolific post-presidency gave him a brand above politics, particularly for Americans too young to witness him in office. But Carter also lived long enough to see biographers and historians reassess his White House years more generously. His record includes the deregulation of key industries, reduction of U.S. dependence on foreign oil, cautious management of the national debt and notable legislation on the environment, education and mental health. He focused on human rights in foreign policy, pressuring dictators to release thousands of political prisoners . He acknowledged America’s historical imperialism, pardoned Vietnam War draft evaders and relinquished control of the Panama Canal. He normalized relations with China. “I am not nominating Jimmy Carter for a place on Mount Rushmore,” Stuart Eizenstat, Carter’s domestic policy director, wrote in a 2018 book. “He was not a great president” but also not the “hapless and weak” caricature voters rejected in 1980, Eizenstat said. Rather, Carter was “good and productive” and “delivered results, many of which were realized only after he left office.” Madeleine Albright, a national security staffer for Carter and Clinton’s secretary of state, wrote in Eizenstat’s forward that Carter was “consequential and successful” and expressed hope that “perceptions will continue to evolve” about his presidency. “Our country was lucky to have him as our leader,” said Albright, who died in 2022. Jonathan Alter, who penned a comprehensive Carter biography published in 2020, said in an interview that Carter should be remembered for “an epic American life” spanning from a humble start in a home with no electricity or indoor plumbing through decades on the world stage across two centuries. “He will likely go down as one of the most misunderstood and underestimated figures in American history,” Alter told The Associated Press. James Earl Carter Jr. was born Oct. 1, 1924, in Plains and spent his early years in nearby Archery. His family was a minority in the mostly Black community, decades before the civil rights movement played out at the dawn of Carter’s political career. Carter, who campaigned as a moderate on race relations but governed more progressively, talked often of the influence of his Black caregivers and playmates but also noted his advantages: His land-owning father sat atop Archery’s tenant-farming system and owned a main street grocery. His mother, Lillian , would become a staple of his political campaigns. Seeking to broaden his world beyond Plains and its population of fewer than 1,000 — then and now — Carter won an appointment to the U.S. Naval Academy, graduating in 1946. That same year he married Rosalynn Smith, another Plains native, a decision he considered more important than any he made as head of state. She shared his desire to see the world, sacrificing college to support his Navy career. Carter climbed in rank to lieutenant, but then his father was diagnosed with cancer, so the submarine officer set aside his ambitions of admiralty and moved the family back to Plains. His decision angered Rosalynn, even as she dived into the peanut business alongside her husband. Carter again failed to talk with his wife before his first run for office — he later called it “inconceivable” not to have consulted her on such major life decisions — but this time, she was on board. “My wife is much more political,” Carter told the AP in 2021. He won a state Senate seat in 1962 but wasn’t long for the General Assembly and its back-slapping, deal-cutting ways. He ran for governor in 1966 — losing to arch-segregationist Lester Maddox — and then immediately focused on the next campaign. Carter had spoken out against church segregation as a Baptist deacon and opposed racist “Dixiecrats” as a state senator. Yet as a local school board leader in the 1950s he had not pushed to end school segregation even after the Supreme Court's Brown v. Board of Education decision, despite his private support for integration. And in 1970, Carter ran for governor again as the more conservative Democrat against Carl Sanders, a wealthy businessman Carter mocked as “Cufflinks Carl.” Sanders never forgave him for anonymous, race-baiting flyers, which Carter disavowed. Ultimately, Carter won his races by attracting both Black voters and culturally conservative whites. Once in office, he was more direct. “I say to you quite frankly that the time for racial discrimination is over,” he declared in his 1971 inaugural address, setting a new standard for Southern governors that landed him on the cover of Time magazine. His statehouse initiatives included environmental protection, boosting rural education and overhauling antiquated executive branch structures. He proclaimed Martin Luther King Jr. Day in the slain civil rights leader’s home state. And he decided, as he received presidential candidates in 1972, that they were no more talented than he was. In 1974, he ran Democrats’ national campaign arm. Then he declared his own candidacy for 1976. An Atlanta newspaper responded with the headline: “Jimmy Who?” The Carters and a “Peanut Brigade” of family members and Georgia supporters camped out in Iowa and New Hampshire, establishing both states as presidential proving grounds. His first Senate endorsement: a young first-termer from Delaware named Joe Biden. Yet it was Carter’s ability to navigate America’s complex racial and rural politics that cemented the nomination. He swept the Deep South that November, the last Democrat to do so, as many white Southerners shifted to Republicans in response to civil rights initiatives. A self-declared “born-again Christian,” Carter drew snickers by referring to Scripture in a Playboy magazine interview, saying he “had looked on many women with lust. I’ve committed adultery in my heart many times.” The remarks gave Ford a new foothold and television comedians pounced — including NBC’s new “Saturday Night Live” show. But voters weary of cynicism in politics found it endearing. Carter chose Minnesota Sen. Walter “Fritz” Mondale as his running mate on a “Grits and Fritz” ticket. In office, he elevated the vice presidency and the first lady’s office. Mondale’s governing partnership was a model for influential successors Al Gore, Dick Cheney and Biden. Rosalynn Carter was one of the most involved presidential spouses in history, welcomed into Cabinet meetings and huddles with lawmakers and top aides. The Carters presided with uncommon informality: He used his nickname “Jimmy” even when taking the oath of office, carried his own luggage and tried to silence the Marine Band’s “Hail to the Chief.” They bought their clothes off the rack. Carter wore a cardigan for a White House address, urging Americans to conserve energy by turning down their thermostats. Amy, the youngest of four children, attended District of Columbia public school. Washington’s social and media elite scorned their style. But the larger concern was that “he hated politics,” according to Eizenstat, leaving him nowhere to turn politically once economic turmoil and foreign policy challenges took their toll. Carter partially deregulated the airline, railroad and trucking industries and established the departments of Education and Energy, and the Federal Emergency Management Agency. He designated millions of acres of Alaska as national parks or wildlife refuges. He appointed a then-record number of women and nonwhite people to federal posts. He never had a Supreme Court nomination, but he elevated civil rights attorney Ruth Bader Ginsburg to the nation’s second highest court, positioning her for a promotion in 1993. He appointed Paul Volker, the Federal Reserve chairman whose policies would help the economy boom in the 1980s — after Carter left office. He built on Nixon’s opening with China, and though he tolerated autocrats in Asia, pushed Latin America from dictatorships to democracy. But he couldn’t immediately tame inflation or the related energy crisis. And then came Iran. After he admitted the exiled Shah of Iran to the U.S. for medical treatment, the American Embassy in Tehran was overrun in 1979 by followers of the Ayatollah Ruhollah Khomeini. Negotiations to free the hostages broke down repeatedly ahead of the failed rescue attempt. The same year, Carter signed SALT II, the new strategic arms treaty with Leonid Brezhnev of the Soviet Union, only to pull it back, impose trade sanctions and order a U.S. boycott of the Moscow Olympics after the Soviets invaded Afghanistan. Hoping to instill optimism, he delivered what the media dubbed his “malaise” speech, although he didn’t use that word. He declared the nation was suffering “a crisis of confidence.” By then, many Americans had lost confidence in the president, not themselves. Carter campaigned sparingly for reelection because of the hostage crisis, instead sending Rosalynn as Sen. Edward M. Kennedy challenged him for the Democratic nomination. Carter famously said he’d “kick his ass,” but was hobbled by Kennedy as Reagan rallied a broad coalition with “make America great again” appeals and asking voters whether they were “better off than you were four years ago.” Reagan further capitalized on Carter’s lecturing tone, eviscerating him in their lone fall debate with the quip: “There you go again.” Carter lost all but six states and Republicans rolled to a new Senate majority. Carter successfully negotiated the hostages’ freedom after the election, but in one final, bitter turn of events, Tehran waited until hours after Carter left office to let them walk free. At 56, Carter returned to Georgia with “no idea what I would do with the rest of my life.” Four decades after launching The Carter Center, he still talked of unfinished business. “I thought when we got into politics we would have resolved everything,” Carter told the AP in 2021. “But it’s turned out to be much more long-lasting and insidious than I had thought it was. I think in general, the world itself is much more divided than in previous years.” Still, he affirmed what he said when he underwent treatment for a cancer diagnosis in his 10th decade of life. “I’m perfectly at ease with whatever comes,” he said in 2015 . “I’ve had a wonderful life. I’ve had thousands of friends, I’ve had an exciting, adventurous and gratifying existence.” Sanz is a former Associated Press reporter.
JACKSONVILLE STATE 86, EAST CAROLINA 78SINGAPORE , Nov. 30, 2024 /PRNewswire/ -- Amber DWM Holding Limited ("Amber DWM"), the holding entity of Amber Group's digital wealth management business, known as Amber Premium ("Amber Premium"), today announced that it has entered into a definitive Agreement and Plan of Merger (the "Merger Agreement") with iClick Interactive Asia Group Limited ("iClick" or the "Listco") (NASDAQ: ICLK) and Overlord Merger Sub Ltd. ("Merger Sub"), a Cayman Islands exempted company and a direct, wholly owned subsidiary of the Listco. Under the Merger Agreement, Merger Sub will merge with and into Amber DWM, with Amber DWM continuing as the surviving entity and becoming a wholly-owned subsidiary of the Listco (the "Merger"). Amber DWM's shareholders will exchange all of their issued and outstanding share capital for a mix of newly issued Class A and Class B ordinary shares of the Listco on the terms and conditions set forth therein in a transaction exempt from the registration requirements under the Securities Act of 1933. Wayne Huo , Chief Executive Officer and Director of Amber DWM , said: " We are thrilled to embark on this transformative journey with iClick. This merger represents a significant milestone, bringing together Amber Premium's expertise in digital wealth management and iClick's innovative marketing technology. Together, we aim to redefine the digital financial ecosystem, delivering unparalleled value to our clients and stakeholders. By bridging the worlds of blockchain, fintech and digital marketing, we are unlocking new opportunities to revolutionize how value is created and exchanged in the digital economy ." The transaction values Amber DWM at US$360 million and the Listco at US$40 million by equity value on a fully diluted basis (assuming completion of certain restructuring as set forth in the Merger Agreement). Upon closing of the Merger (the "Closing"), the Amber DWM shareholders and the Listco shareholders (including holders of ADSs) will own approximately 90% and 10%, respectively, of the outstanding shares of the combined company, or 97% and 3% voting power, respectively. The Merger Agreement also contemplates that, upon the Closing, the Listco will change its name to "Amber International Holding Limited" and adopt the tenth amended and restated memorandum and articles of association of the Listco, in each case immediately before the effective time of the Merger (the "Effective Time"), following which the authorized share capital of the Listco shall only consist of Class A ordinary shares and Class B ordinary shares (with different voting powers but equal economic rights), a par value of US$0.001 each. Please refer to the Merger Agreement filed as Exhibit 99.2 to the Form 6-K furnished by the Listco to the SEC on November 29, 2024 for more details. The Listco's board of directors (the "Board") approved the Merger Agreement and other transaction documents, including but not limited to the voting agreement entered into by and among certain shareholders of the Listco (who holds approximately 36% of the outstanding shares representing 71% voting power of the Listco as of the date of this press release), the Listco and Amber DWM (the "Voting Agreement") (collectively, the "Transaction Documents"), and the transactions contemplated thereunder (the "Transactions"), with the assistance of its financial and legal advisors. The Board also resolved to recommend that the Listco's shareholders vote to authorize and approve the Transaction Documents and the Transactions when they are submitted for shareholder approval. In connection with the Transaction, each of the shareholders of Amber DWM immediately prior to the consummation of the Merger is entering into a lock-up agreement with the Listco pursuant to which they have agreed not to transfer the shares received in consideration of the Merger for a period of 12 months following the Merger closing. The completion of the Transactions is subject to the satisfaction of closing conditions set forth in the Merger Agreement, including, among other things, receipt of the Listco's shareholder approval and regulatory/stock exchange approvals (if applicable). The Merger Agreement provides for a long-stop date for any party to terminate the agreement if the Merger is not completed by June 30, 2025 . " This merger represents a transformative opportunity to broaden our business portfolio by integrating Amber Premium's state-of-the-art digital wealth management solutions. By uniting iClick's robust data analytic and enterprise software expertise with Amber Premium's advanced digital wealth management services, we aim to unblock synergies between traditional finance and the rapidly evolving digital asset ecosystem, particularly benefitting corporate and high net worth individual clients ", said Mr. Jian Tang , Chairman, Chief Executive Officer and Co-Founder of iClick . The foregoing description of the Merger Agreement and the Voting Agreement does not purport to be complete and is qualified in its entirety to the full text of the Merger Agreement and the Voting Agreement, which are filed as Exhibits 99.2 and 99.3 to the Form 6-K furnished by the Listco to the SEC on 29, 2024, respectively. Simpson Thacher & Bartlett LLP is serving as U.S. legal counsel to Amber DWM. Cleary Gottlieb Steen & Hamilton LLP is serving as U.S. legal counsel to iClick. About Amber Premium Amber Premium, the business brand behind Amber DWM Holding Limited, is a leading digital wealth management platform offering private banking-level solutions tailored for the dynamic crypto economy. Serving a premium clientele of esteemed institutions and qualified individuals, Amber Premium develops and supports innovative digital wealth management products. Its institutional-grade access and operations makes it the top choice for one-stop digital wealth management services, providing tailored, secure solutions that drive growth in the Web3 economy. About iClick Interactive Asia Group Limited Founded in 2009, iClick Interactive Asia Group Limited (NASDAQ: ICLK) is a renowned online marketing and enterprise solutions provider in Asia . With its leading proprietary technologies, iClick's full suite of data-driven solutions helps brands drive significant business growth and profitability throughout the full consumer lifecycle. For more information, please visit https://ir.i-click.com . Safe Harbor Statement This press release contains certain "forward-looking statements." These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the pending transactions described herein, and the parties' perspectives and expectations, are forward-looking statements. The words "will," "expect," "believe," "estimate," "intend," "plan" and similar expressions indicate forward-looking statements. Such forward-looking statements are inherently uncertain, and shareholders and other potential investors must recognize that actual results may differ materially from the expectations as a result of a variety of factors. Such forward-looking statements are based upon management's current expectations and include known and unknown risks, uncertainties and other factors, many of which are hard to predict or control, that may cause the actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to: (i) risks related to the expected timing and likelihood of completion of the proposed transaction, including the risk that the transaction may not close due to one or more closing conditions to the transaction not being satisfied or waived; (ii) the occurrence of any event, change or other circumstances that could give rise to the termination of the applicable transaction agreements; (iii) the risk that there may be a material adverse change with respect to the financial position, performance, operations or prospects of the Listco, Amber DWM or the combined entity; (iv) risks related to disruption of management time from ongoing business operations due to the proposed transaction; (v) the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of the Listco's securities; (vi) the risk that the proposed transaction and its announcement could have an adverse effect on the ability of Amber DWM or the combined entity to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers and on their operating results and businesses generally; (vii) any changes in the business or operating prospects of Amber DWM and the combined entity or their businesses; (viii) changes in applicable laws and regulations; and (ix) risks relating to Amber DWM's and the combined company's ability to enhance their services and products, execute their business strategy, expand their customer base and maintain stable relationship with their business partners. A further list and description of risks and uncertainties can be found in the proxy statement that will be filed with the SEC by the Listco in connection with the proposed transactions, and other documents that the parties may file or furnish with the SEC, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Listco, Amber DWM and their respective subsidiaries and affiliates undertake no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation. No Offer or Solicitation This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the transactions described above and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Amber DWM, the Listco or the combined company, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom. Participants in the Solicitation The Listco, Amber DWM and their respective directors and executive officers may also be deemed to be participants in the solicitation of proxies from the shareholders of the Listco in connection with the proposed transaction. A list of the names of such directors and executive officers and information regarding their interests in the proposed transaction will be included in the proxy statement pertaining to the proposed transaction when it becomes available for the proposed transaction. Additional Information and Where to Find It The Listco will file with the SEC and mail to its shareholders a proxy statement in connection with the proposed transaction. Investors and securityholders are urged to read the proxy statement when it becomes available because it will contain important information regarding the proposed arrangement. You may access the proxy statement (when available) and other related documents filed by the Listco with the SEC at the SEC's website at www.sec.gov . You also may obtain the proxy statement (when it is available) and other documents filed by the Listco with the SEC relating to the proposed arrangement for free by accessing the Listco's website at ir.i-click.com . View original content to download multimedia: https://www.prnewswire.com/news-releases/amber-groups-subsidiary-amber-dwm-holding-limited-and-nasdaq-listed-iclick-interactive-asia-group-limited-enter-into-a-definitive-merger-agreement-302319082.html SOURCE Amber GroupSeatrium Limited ( OTCMKTS:SMBMF – Get Free Report ) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 2,633,900 shares, a decrease of 43.5% from the November 30th total of 4,658,200 shares. Based on an average daily volume of 4,700 shares, the short-interest ratio is presently 560.4 days. Seatrium Stock Performance Shares of SMBMF stock opened at $1.34 on Friday. Seatrium has a fifty-two week low of $0.90 and a fifty-two week high of $2.00. The business has a fifty day simple moving average of $1.48 and a 200-day simple moving average of $1.31. About Seatrium ( Get Free Report ) Further Reading Receive News & Ratings for Seatrium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seatrium and related companies with MarketBeat.com's FREE daily email newsletter .
SINGAPORE , Dec. 3, 2024 /PRNewswire/ -- Luckin Coffee is excited to announce its Christmas drinks series, showcasing festive favourites such as the Tiramisu Latte , Merry Cocoa Christmas , and Toffee Hazelnut Oat Latte . In addition, Luckin Coffee is thrilled to introduce an exclusive partnership with Butterbear to introduce the Little Butter Latte . This limited-edition Little Butter Latte , available from 22 November 2024 , combines the smooth, velvety richness of non-greasy New Zealand butter with Luckin Coffee's espresso expertise. The result is a latte that's indulgence redefined-rich, creamy, and satisfying from the first sip to the last swirl. Imagine curling up with a warm cup of this indulgent treat, as festive lights twinkle around you, filling the air with holiday cheer. With a silky texture and a flavour profile rich roasted nuts and caramel, the Little Butter Latte delivers a perfectly layered experience, without heaviness. Plus, it comes with four guilt-free perks : Festive Favourites - The Christmas Collection This November, step into a world of festive magic with Luckin Coffee's holiday menu, starting with the indulgent Tiramisu Latte , available from 1 November 2024 . Crafted as the perfect on-the-go dessert, the Tiramisu Latte combines rich espresso and creamy cocoa, wrapped in luscious sea-salt milk foam dusted with cocoa powder. A warm hug in a cup, this festive treat delivers the rich flavours of tiramisu cake with every sip, enveloping you in the cocoa aroma of Christmas. Available Across All Outlets: Grab Your Festive Drinks and Celebrate With Us! Luckin Coffee's current and upcoming launches will be available at all outlets. The Tiramisu Latte will be available from 1 November 2024 , the Little Butter Latte on 22 November 2024 , and the Merry Cocoa Christmas and Toffee Hazelnut Oat Latte from 6 December 2024 onwards. Grab your drinks, spread the festive cheer, and celebrate with us this Christmas! For more information on Luckin Coffee, please visit www.luckincoffee.com/ .In a bombshell lawsuit , Blake Lively accused Justin Baldoni, her co-star and the director of , of sexual harassment, fostering a toxic workplace environment and orchestrating a smear campaign to tarnish her public image. The legal filing comes after months of . Baldoni’s noticeable from key press events ahead of the film’s August opening fueled speculation, while criticism of Lively intensified online. Fans accused the actress, who also served as a producer on the project, of trivializing the film’s heavy themes of domestic abuse with and . Based on , tells the story of Lily Bloom (Lively), a florist trapped in an abusive relationship with a neurosurgeon, Ryle Kincaid (Baldoni). Despite the off-screen controversies, the film grossed and secured a spot on Netflix’s global chart. The allegations against Baldoni are in stark contrast with his public persona as a . In her legal complaint, obtained by Yahoo Entertainment, Lively claims that much of the online backlash she faced during the press tour was . Among other inappropriate behavior described by Lively is the allegation that Baldoni claimed he could speak to the dead — including , who died in June 2021. Since the lawsuit was filed against Baldoni and his production company, Wayfarer Studios, Baldoni has been . His lawyers have , calling them and alleging the lawsuit is a calculated effort to rehabilitate her “ ” , with figures like Hoover, Gwyneth Paltrow, Amy Schumer and speaking out. During his high-profile defamation trial in 2022, Johnny Depp, hired the same PR crisis manager as Baldoni to defend himself during his legal battle with Heard, his ex-wife. Lively’s castmates America Ferrera, Amber Tamblyn and Alexis Bledel also in her defense. Although Baldoni’s Wayfarer Studios owns the rights to Hoover’s follow-up novel, , another film in the series appears unlikely. When asked about a potential sequel, Baldoni told in August: “I think there are better people for that one.” Here’s a closer look at how the drama unfolded — from the rocky press tour to Lively’s explosive allegations. Lively joined the film’s cast as Lily Bloom, while Baldoni, who also directed the project, took on the role of Ryle Kincaid, Lily’s abusive partner. Hoover enthusiastically . Production had commenced in Hoboken, N.J., only to be , due to the actors’ and writers’ strikes. The disruptions paused filming for several months, with shooting in January 2024. According to the complaint, with a "Protections for Return to Production" document, listing demands for safeguards to create a safer working environment before resuming production. A “hands on” meeting takes place on Jan. 4 — attended by Lively, Baldoni, Wayfarer CEO and producer Jamey Heath and others — to discuss what Lively described in the complaint as repeated sexual harassment and disturbing behavior. According to the legal filing, for improvising unwanted kissing and discussing his sex life, “including encounters in which he said he may not have received consent,” according to the . She also alleged that Heath had shown her a video of his wife in labor naked, had pressured her to “' ' in a birth scene,” and had watched Lively when she was topless and having body makeup removed or was breastfeeding in her trailer. In the end, both agreed to implement the “Protections for Return to Production” for Lively, her employees and the cast and crew before production resumed — including the hiring of an . Lively told people that the men’s behavior had improved since the new protections had been implemented. The pair opened up to about the filming, with Baldoni praising Lively as “strong, funny and intelligent,” stressing her strong “influence” on the production. “Everything she put her hands on and her mind to, she made better,” he said. "I loved [playing] Lily," Lively added. “I hope that love is felt by those who care about her like I do, and also those who are getting to know her for the first time in this film.” During this time, according to , Lively and Baldoni created separate versions of the movie, with Sony’s approval. Lively’s version was ultimately chosen, featuring edits by the editor from and the inclusion of a Taylor Swift song. Lively received a producer credit as a result. On July 31, and PR professional, Melissa Nathan, whose previous clients include Johnny Depp, Drake and Travis Scott. He did so at the suggestion of his publicist Jennifer Abel, . One of the strategies Nathan suggested included “ ,” which is described in the complaint as “the practice of publishing opinions or comments on the internet, in the media, etc., that appear to come from ordinary members of the public but actually come from a particular company or political group.” Text messages show Nathan floating around ideas to “ ” by hiring contractors to dominate social media and invent “threads of theories,” all of which she deemed would be “untraceable.” “You know we can bury anyone,” Nathan wrote in a text to Abel, according to the complaint. As explained in a story by the on Aug. 8 observers noted that Lively and Baldoni avoided each other at promotional events — including at the film’s New York premiere on Aug. 6, where Baldoni didn’t pose with any of the main cast and watched the film in a different theater from Lively. Internet sleuths also observed that Lively and Hoover unfollowed Baldoni on Instagram (though he follows them). Sources later told that Baldoni made it an “extremely difficult” environment behind the scenes. Additional reports from alleged that Baldoni made Lively feel “uncomfortable” on set. At one point, Baldoni, who has a history of back problems, asked the on-set trainer how much Lively weighed before shooting a scene where he lifts her. The comment, per TMZ, allegedly made Lively feel like he “fat-shamed” her. In an interview with Lively punted questions about working with Baldoni, instead describing her role as a “ .” premiered to mixed critical reception but achieved box office success in the end, earning The book’s author, Hoover, described watching the film as being a “ .” Lively faced criticism for her perceived “ ” approach to the film’s promotion, which some felt trivialized the movie’s heavy subject matter of domestic violence. In response, on her Instagram, attempting to refocus the conversation. Criticism toward Lively grew when a with journalist Kjersti Flaa resurfaced on YouTube titled: “The Blake Lively interview that made me want to quit my job,” which apparently shows Lively being less than kind to the interviewer. On Dec. 9, Baldoni was awarded a 2024 Voices of Solidarity Award from Vital Voices, a nonprofit organization working to support women in leadership. In a social media post about the recognition, he wrote, “My hope is that we can teach our boys, while they are still young, that vulnerability is strength, sensitivity is a super power, and empathy makes them powerful.” Lively filed a legal complaint on Dec. 20, alleging a pattern of inappropriate and harassing behavior by Baldoni and Heath on set. She also accused Wayfarer Studios of failing to uphold safeguards as outlined in a side letter to her contract in January. Lively also claimed that the studio’s promises to provide a full-time intimacy coordinator and prevent retaliation were not adequately enforced. (In August, she told that it was “critical to have an intimacy coordinator” on set.”) In a statement to the , Lively denied that she or her representatives planted or spread negative information about Baldoni or Wayfarer. “I hope that my legal action helps pull back the curtain on these sinister retaliatory tactics to harm people who speak up about misconduct and helps protect others who may be targeted,” she said. After the lawsuit was filed, from high-profile figures like Hoover, Paltrow, Schumer and the directors Paul Feig and Shawn Levy.
Tuesday, December 3, 2024 Japan, like Spain, Italy, Indonesia, Thailand, and Greece, has become a hotspot for mass tourism due to its rich cultural heritage, stunning landscapes, world-class infrastructure, and global appeal as a unique travel destination. Several factors contribute to this surge in tourism. First, Japan’s iconic attractions such as Mount Fuji, Kyoto’s ancient temples, Tokyo’s bustling cityscapes, and the cherry blossom season draw millions of visitors annually. Its successful branding as a harmonious blend of traditional culture and modern innovation has captivated international tourists, making it a bucket-list destination. Second, the rise of social media and travel influencers has spotlighted Japan’s beauty, inspiring more travelers to visit. Destinations like Arashiyama Bamboo Grove and Fushimi Inari Shrine frequently appear in viral content, contributing to over-tourism as crowds flock to these picturesque sites. Third, accessibility plays a crucial role. Japan boasts an excellent transportation network, including bullet trains and international flights, making travel seamless for both domestic and foreign visitors. Its visa policies, including visa-free travel for several countries, have also facilitated easier entry for tourists. Lastly, Japan’s hosting of global events, such as the Tokyo 2020 Olympics and the upcoming Osaka 2025 Expo, has significantly boosted its visibility on the international stage. These events attract millions of visitors, but they also strain infrastructure and lead to overcrowding at popular sites. Like Spain, Italy, and others, Japan faces challenges in balancing mass tourism with sustainable practices, necessitating strategic solutions to preserve its cultural and natural treasures while accommodating global travelers. Japan ’s tourism industry has experienced a significant resurgence in 2024 as the world reopens after the pandemic, but the return of foreign visitors has also reignited concerns over overtourism. According to a recent survey by the Development Bank of Japan and the Japan Travel Bureau Foundation, over 30% of foreign tourists reported overtourism-related issues during their trips. At the same time, the survey reveals a growing awareness of sustainable tourism among visitors, with more than 60% expressing willingness to pay higher charges to ease congestion and protect natural and cultural resources. The survey, conducted in July 2024 among 7,796 foreign travelers aged 20 to 79 from Asia, Britain, France, the United States, and Australia, sheds light on pressing challenges and opportunities in Japan’s tourism landscape. The primary concern for visitors was overcrowding at popular tourist destinations, cited by 32% of respondents. This figure is a slight increase from the 30% reported in a similar survey conducted in 2019 before the COVID-19 pandemic. Bad manners, such as littering and entering restricted areas, emerged as the second-most common issue reported by visitors. These behaviors not only disrupt the experience for other tourists but also pose risks to the preservation of Japan’s cultural and natural heritage. Interestingly, the survey also highlighted a shift in visitor attitudes toward sustainable tourism practices. A significant 63% of respondents said they would be willing to accept higher charges at tourist destinations and other facilities if these measures would help reduce congestion and safeguard Japan’s cultural and natural assets. This marks a notable increase from 43% in 2019, signaling growing awareness and support for sustainable tourism practices. Also Read: C hina’s New Trial Visa-Free Policy for Japan Sparks Increased Demand for Business and Family Travel While Japan’s urban centers like Tokyo, Kyoto, and Osaka remain magnets for international travelers, the survey revealed strong interest in rural tourism. An overwhelming 97% of respondents who have visited or plan to visit Japan expressed a desire to explore the country’s regional areas. However, less than 10% of these travelers have actually ventured into Japan’s rural landscapes. This gap between interest and actual visits underscores the untapped potential of rural tourism in Japan. Expanding tourism into regional areas could alleviate the pressure on overcrowded urban destinations while offering visitors unique experiences, such as traditional crafts, local cuisine, and scenic natural beauty. Promoting rural tourism could also contribute to regional revitalization by creating jobs and supporting local economies. The survey also pointed to the upcoming 2025 World Expo in Osaka as a major draw for international travelers. Among respondents planning trips to Japan, 72% expressed interest in attending the expo, and for 42% of these travelers, the event is the main reason for their visit. The Osaka Expo is expected to attract millions of visitors and serve as a platform for showcasing Japan’s innovation, culture, and hospitality. However, managing the influx of tourists while ensuring a positive experience for both visitors and locals will be critical. Organizers and tourism authorities must prioritize sustainable practices, including crowd control measures, efficient transportation systems, and eco-friendly initiatives, to make the event a success. Also Read: Dominican Republic tourism industry is surging with visa free travel for 107 countries including Brazil. Japan, UK, US, Thailand and Germany Japan’s tourism industry is at a crossroads, with overtourism presenting both challenges and opportunities. The willingness of international visitors to pay higher charges for sustainable tourism measures offers a path forward. By implementing strategies to reduce overcrowding, protect cultural landmarks, and promote rural tourism, Japan can strike a balance between welcoming visitors and preserving its heritage. One potential solution is the introduction of destination-specific fees, such as entrance charges for popular landmarks or city-wide tourism taxes. These funds could be reinvested in infrastructure, preservation efforts, and marketing campaigns to promote lesser-known destinations. Additionally, digital tools like visitor management apps and real-time crowd monitoring systems could help distribute tourist traffic more evenly across regions. Expanding access to rural areas is another critical component of sustainable tourism in Japan. Investments in transportation networks, such as regional train routes and bus services, can make rural destinations more accessible. Collaborations with local communities to develop authentic experiences, from farm stays to cultural workshops, can also attract visitors while preserving traditional lifestyles. Also Read: Japan’s Overtourism Strain 30% of International Arrivals Experiencing Congestion this festive season Technology will play an essential role in managing the resurgence of tourism in Japan. From AI-powered translation apps to digital ticketing systems, technological solutions can enhance the visitor experience while addressing issues like overcrowding. Virtual tours and augmented reality experiences could also offer alternatives for exploring Japan’s iconic destinations without contributing to congestion. Additionally, data analytics can provide valuable insights into visitor behaviors and preferences, enabling tourism authorities to tailor their strategies. By leveraging these tools, Japan can create a more personalized and sustainable tourism experience that meets the expectations of modern travelers. As Japan prepares for the influx of visitors in 2025 and beyond, the focus must remain on balancing growth with sustainability. The survey results indicate that travelers are not only aware of the challenges posed by overtourism but are also willing to contribute to solutions. This shift in mindset represents an opportunity for Japan to lead by example in sustainable tourism practices. Also Read: Japan Faces Overtourism Challenges: New Survey Highlights Traveller Preferences and Interest in Rural Areas Ahead of 2025 World Expo in Osaka The success of Japan’s tourism industry will depend on collaboration among stakeholders, including government agencies, local communities, and private businesses. By prioritizing sustainability, innovation, and regional development, Japan can ensure a thriving tourism sector that benefits both visitors and residents. Read Travel Industry News in 104 different regional platforms . To know more about Asia Travel Industry, click here: Asia Get our daily dose of news, by subscribing to our newsletters. Subscribe here . Watch Travel And Tour World Interviews here . Read more Travel News , Daily Travel Alert , and Travel Industry News on Travel And Tour World only.Palvella Therapeutics to debut on Nasdaq under the ticker symbol "PVLA” as a publicly traded rare disease biopharmaceutical company advancing a late clinical-stage pipeline and a platform for treating serious, rare genetic diseases Strong balance sheet with approximately $80.0 million of cash and cash equivalents, including proceeds from a PIPE financing co-led by BVF Partners, L.P. and Frazier Life Sciences Cash expected to fund operations into the second half of 2027, including through Phase 3 SELVA clinical trial of QTORINTM 3.9% rapamycin anhydrous gel (QTORINTM rapamycin) for the treatment of microcystic lymphatic malformations (microcystic LMs) and Phase 2 clinical trial in cutaneous venous malformations (cutaneous VMs) Microcystic LMs is a chronically debilitating and lifelong genetic disease affecting an estimated more than 30,000 diagnosed patients in the U.S. QTORINTM rapamycin has the potential to be the first approved therapy and standard of care in the U.S. for microcystic LMs and cutaneous VMs WAYNE, Pa., Dec. 13, 2024 (GLOBE NEWSWIRE) -- Palvella Therapeutics, Inc. (Palvella), a clinical-stage biopharmaceutical company focused on developing and commercializing novel therapies to treat patients suffering from serious, rare genetic skin diseases for which there are no U.S. Food and Drug Administration (FDA)-approved therapies, today announced the completion of its previously announced merger with Pieris Pharmaceuticals, Inc. (Pieris). The combined company will operate under the name Palvella Therapeutics, Inc., and its shares are expected to begin trading on the Nasdaq Capital Market on December 16, 2024, under the ticker symbol "PVLA". Palvella will continue to be led by Wes Kaupinen, its Founder and Chief Executive Officer, and other members of the Palvella management team. The transaction was approved by Pieris stockholders at a special meeting held on December 11, 2024, and the transaction had been previously approved by Palvella stockholders. "With strong support from leading healthcare-dedicated investors, Palvella is well positioned to enter the public markets and pursue our vision of becoming the leading rare disease company focused on developing and commercializing novel therapies to treat patients suffering from serious, rare genetic skin diseases," said Mr. Kaupinen. "This transaction will enable us to accelerate late-stage development of QTORINTM rapamycin, our lead product candidate, for microcystic LMs and cutaneous VMs while also further advancing additional novel product candidates from our QTORINTM platform." Concurrent with the merger, Palvella completed a previously announced oversubscribed $78.9 million private placement co-led by BVF Partners, L.P., an existing investor, and Frazier Life Sciences, a new investor, and with participation from a syndicate of leading healthcare-dedicated investors. Additional new investors include Blue Owl Healthcare Opportunities, Nantahala Capital, DAFNA Capital Management, ADAR1 Capital Management, and a healthcare dedicated fund. Existing investors Samsara BioCapital, Petrichor, CAM Capital, Ligand Pharmaceuticals, Integrated Finance Group (an AscellaHealth partner company), BioAdvance, and Gore Range Capital also participated in the financing. Palvella's cash and cash equivalents of approximately $80.0 million is expected to fund operations into the second half of 2027, including through results from the SELVA Phase 3 clinical trial of QTORINTM rapamycin for the treatment of microcystic LMs and Phase 2 clinical trial of QTORINTM rapamycin in cutaneous VMs. Palvella's research team developed QTORINTM, a patented and versatile platform designed to generate novel topical therapies that penetrate the deep layers of the skin to locally treat a broad spectrum of serious, rare genetic skin diseases. Well-accepted mechanisms of action of rapamycin and other therapeutic agents represent potential therapies for rare genetic skin diseases. However, the adverse event profile of those agents through systemic exposure poses significant barriers to patient adoption. Palvella's QTORINTM product candidates are designed for targeted, localized delivery of therapeutic agents to pathogenic tissue of interest while minimizing systemic absorption and thereby reducing the risk of unwanted adverse events associated with systemic therapy. Palvella's lead product candidate QTORINTM rapamycin is a novel, patented 3.9% rapamycin anhydrous gel currently under development for the treatment of microcystic LMs, cutaneous VMs, and other serious, functionally debilitating skin diseases driven by the overactivation of the mammalian target of rapamycin (mTOR) pathway. QTORINTM rapamycin has received FDA Breakthrough Therapy Designation, Fast Track Designation, and Orphan Drug Designation for microcystic LMs and is the recent recipient of up to a $2.6 million FDA Orphan Products Grant. QTORINTM rapamycin has also received Fast Track Designation for venous malformations. QTORINTM rapamycin is protected by issued composition patents covering anhydrous gel formulations of rapamycin, as well as methods of use, in the U.S., Japan, Australia, China and Israel and pending patent applications broadly covering anhydrous gel formulations of rapamycin, as well as methods of use, in the U.S. and other countries. In the third quarter of 2024, Palvella initiated SELVA, a 24-week, Phase 3, single-arm, baseline-controlled clinical trial of QTORINTM rapamycin administered once daily for the treatment of microcystic LMs. The primary efficacy endpoint is the change from baseline in the overall microcystic LM Investigator Global Assessment (mLM-IGA) at week 24. The Phase 3 study is enrolling approximately 40 subjects, age six or older, at leading vascular anomaly centers across the U.S. Transaction Details Based on the final exchange ratio of approximately 0.30946 shares of Pieris common stock for each share of Palvella common stock, at the closing of the merger, there are approximately 13.95 million shares of the combined company's common stock outstanding on a diluted basis, with prior Pieris stockholders owning approximately 11% on a diluted basis and prior Palvella stockholders (including investors in the private placement) holding approximately 89% of the combined company's outstanding common stock on a diluted basis. In connection with the closing of the merger, Pieris issued a non-transferable contingent value right (CVR) to Pieris shareholders of record immediately prior to the closing, which does not include the former holders of shares of Palvella or the private financing investors. Holders of the CVR will be entitled to receive payments from proceeds received by the combined company, if any, under Pieris' existing partnership agreements with Pfizer and Boston Pharmaceuticals, in addition to other potential licensing agreements involving certain of Pieris' legacy assets, as well as certain potential payments related to historical research and development tax credits, which may or may not be realized. TD Cowen served as lead placement agent and Cantor served as a placement agent for Palvella's concurrent financing. Troutman Pepper Hamilton Sanders LLP served as legal counsel to Palvella. Cooley LLP served as legal counsel to the placement agents. Stifel served as the exclusive financial advisor to Pieris and Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo, P.C. served as legal counsel to Pieris. About Microcystic Lymphatic Malformations Microcystic LMs are a rare, chronically debilitating genetic disease caused by dysregulation of the phosphatidylinositol 3-kinase (PI3K)/mTOR pathway. The disease is characterized by malformed lymphatic vessels that protrude through the skin and persistently leak lymph fluid (lymphorrhea) and bleed, often leading to recurrent serious infections and cellulitis that can cause hospitalization. The natural history of microcystic LMs are persistent and progressive without spontaneous resolution, with symptoms generally worsening during life, including increases in the number and size of malformed vessels that lead to complications and lifetime morbidity. There are currently no FDA-approved treatments for the estimated more than 30,000 diagnosed patients with microcystic LMs in the United States. About Palvella Therapeutics Founded and led by rare drug disease drug development veterans, Palvella Therapeutics (Nasdaq: PVLA) is a clinical-stage biopharmaceutical company focused on developing and commercializing novel therapies to treat patients suffering from serious, rare genetic skin diseases for which there are no FDA-approved therapies. Palvella is developing a broad pipeline of product candidates based on its patented QTORINTM platform, with an initial focus on serious, rare genetic skin diseases, many of which are lifelong in nature. Palvella's lead product candidate, QTORINTM 3.9% rapamycin anhydrous gel (QTORINTM rapamycin), is currently in the Phase 3 SELVA clinical trial in microcystic lymphatic malformations (microcystic LMs) and a Phase 2 trial in cutaneous venous malformations. For more information, please visit www.palvellatx.com or follow the Company on LinkedIn. QTORINTM rapamycin is for investigational use only and has not been approved or cleared by the FDA or by any other regulatory agency. This press release contains forward-looking statements (including within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended (Securities Act)). These statements may discuss goals, intentions, and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs of the management of Palvella and Pieris, as well as assumptions made by, and information currently available to, management of Palvella and Pieris. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "may,” "will,” "should,” "would,” "expect,” "anticipate,” "plan,” "likely,” "believe,” "estimate,” "project,” "intend,” and other similar expressions or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Statements that are not historical facts are forward-looking statements. Forward-looking statements include, but are not limited to, the sufficiency of the combined company's capital resources; the combined company's cash runway; the expected timing of the closing of the proposed transactions; statements regarding the potential of, and expectations regarding, Palvella's programs, including QTORINTM rapamycin, and its research-stage opportunities, including its expected therapeutic potential and market opportunity; the expected timing of initiating, as well as the design of Palvella's Phase 2 clinical trial of QTORINTM rapamycin in cutaneous venous malformations. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: the limited operating history of each company; the significant net losses incurred since inception; the ability to raise additional capital to finance operations; the ability to advance product candidates through preclinical and clinical development; the ability to obtain regulatory approval for, and ultimately commercialize, Palvella's product candidates, including QTORINTM rapamycin; the outcome of early clinical trials for Palvella's product candidates, including the ability of those trials to satisfy relevant governmental or regulatory requirements; the fact that data and results from clinical studies may not necessarily be indicative of future results; Palvella's limited experience in designing clinical trials and lack of experience in conducting clinical trials; the ability to identify and pivot to other programs, product candidates, or indications that may be more profitable or successful than Palvella's current product candidates; the substantial competition Palvella faces in discovering, developing, or commercializing products; the negative impacts of the global events on operations, including ongoing and planned clinical trials and ongoing and planned preclinical studies; the ability to attract, hire, and retain skilled executive officers and employees; the ability of Palvella and Pieris to protect their respective intellectual property and proprietary technologies; reliance on third parties, contract manufacturers, and contract research organizations. The foregoing review of important factors that could cause actual events to differ from expectations should not be construed as exhaustive and should be read in conjunction with statements that are included herein and elsewhere, including the risk factors included in Pieris' most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC, as well as the registration statement on Form S-4 filed with the SEC by Pieris in connection with the merger. Palvella and Pieris can give no assurance that the conditions to the proposed transactions will be satisfied. Except as required by applicable law, Palvella and Pieris undertake no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise. This press release contains hyperlinks to information that is not deemed to be incorporated by reference into this press release. Palvella Therapeutics Contact Information Investors Wesley H. Kaupinen Founder and CEO, Palvella Therapeutics [email protected] Media Stephanie Jacobson Managing Director, Argot Partners [email protected]
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The only thing faster than fibre-connectivity in Tiny Township is municipal staff putting together a request on why the township hasn’t received full high-speed internet installation as of yet. During the recent committee of the whole meeting, Coun. Dave Brunelle raised the topic of attending the 2025 Rural Ontario Municipal Association conference in January as a delegate, but wanted fellow council members to put together a reason to ask the province to help Tiny Township. “I know we did a delegation at AMO; it was quite successful and productive,” said Brunelle, referencing a joint-meeting with Midland which resulted in a potential solution to septage issues the township faced. When asked by Mayor Dave Evans what the timeline would be to craft a delegation proposal, members of council replied five business days which resulted in muted laughter from many in the room. Evans asked CAO Robert Lamb if it would be feasible have something within that period, which Lamb affirmed. Conversation went to various topics that the township could address to provincial ministers in attendance, but Brunelle cautioned that their suggestions were on a higher provincial level such as municipal insurance, increased OPP billing costs, reduced infrastructure funding and others; Brunelle asked that something tailored more to Tiny specifically be considered. After further consideration, Lamb proposed that Tiny could request an update on the Southwestern Integrated Fibre Technology (or SWIFT) project introduced in 2022, a non-profit, municipally-led broadband expansion project aimed at bringing high-speed internet to rural communities across Ontario. Many locations along the Georgian Bay shoreline received fibre installation in recent years, but not many interior areas of Tiny Township. “There are large portions of our community still that we have been waiting, for I think almost three years now,” said Lamb, “...for applications that were submitted to bring a form of high-speed (internet) to all of our concession roads.” He added: “The provincial government has just made a big deal out of a $100-million deal with Elon Musk with his satellite stuff, yet there are very easy wins that wouldn’t cost nearly that much to be getting – even if it’s fibre on the poles rather than buried on the ground on a lot of our concession roads. Lamb stated that a request could be submitted within the timeframe, which the committee of the whole accepted. Following the meeting, MidlandToday asked Lamb about the importance of high-speed internet in rural areas. Lamb replied that the Simcoe County Access Network was an early form of high-speed that connected municipal offices with libraries, schools and hospitals, and it was time to fill remaining gaps. “One of the largest adopters of technologies that you have out there is actually the agricultural community,” said Lamb. “When you see the large production farming that takes place now, the technology those farms are utilizing – and then not having the ability to potentially download that information and get it as quickly as they would – it has productivity means to it as well.” The 2025 ROMA conference delegation correspondence can be viewed on the agenda page on the Township of Tiny website. Archives of council meetings are available to view on the township’s YouTube channel.DENVER--(BUSINESS WIRE)--Dec 13, 2024-- The Western Union Company (NYSE: WU) announced today that its Board of Directors approved a new $1 billion authorization for the Company to repurchase its common stock and declared a quarterly cash dividend of $0.235 per common share. The dividend will be payable December 31, 2024, to stockholders of record at the close of business on December 23, 2024. “We remain committed to returning capital to our shareholders with our disciplined approach focused on driving long-term shareholder value through both dividends and stock repurchases and today’s announcements allows us the flexibility to continue to do that,” said Devin McGranahan, President and Chief Executive Officer. Repurchases may be made at management’s discretion through open-market transactions, privately negotiated transactions, tender offers, Rule 10b5-1 plans, or by other means. The amount and timing of any repurchases made under the share repurchase program will depend on a variety of factors, including market conditions, share price, legal requirements, and other factors. The program does not have a set expiration date and may be suspended, modified, or discontinued at any time without prior notice. Safe Harbor Compliance Statement for Forward-Looking Statements This press release contains certain statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions that are difficult to predict. Actual outcomes and results may differ materially from those expressed in, or implied by, our forward-looking statements. Words such as “expects,” “intends,” “targets,” “anticipates,” “believes,” “estimates,” “guides,” “provides guidance,” “provides outlook,” “projects,” “designed to,” and other similar expressions or future or conditional verbs such as “may,” “will,” “should,” “would,” “could,” and “might” are intended to identify such forward-looking statements. Readers of this press release of The Western Union Company (the “Company,” “Western Union,” “we,” “our,” or “us”) should not rely solely on the forward-looking statements and should consider all uncertainties and risks discussed in the Risk Factors section and throughout the Annual Report on Form 10-K for the year ended December 31, 2023. The statements are only as of the date they are made, and the Company undertakes no obligation to update any forward-looking statement. Possible events or factors that could cause results or performance to differ materially from those expressed in our forward-looking statements include the following: (i) events related to our business and industry, such as: changes in general economic conditions and economic conditions in the regions and industries in which we operate, including global economic downturns and trade disruptions, or significantly slower growth or declines in the money transfer, payment service, and other markets in which we operate, including downturns or declines related to interruptions in migration patterns or other events, such as public health emergencies, epidemics, or pandemics, civil unrest, war, terrorism, natural disasters, or non-performance by our banks, lenders, insurers, or other financial services providers; failure to compete effectively in the money transfer and payment service industry, including among other things, with respect to price or customer experience, with global and niche or corridor money transfer providers, banks and other money transfer and payment service providers, including digital, mobile and internet-based services, card associations, and card-based payment providers, and with digital currencies and related exchanges and protocols, and other innovations in technology and business models; geopolitical tensions, political conditions and related actions, including trade restrictions and government sanctions, which may adversely affect our business and economic conditions as a whole, including interruptions of United States or other government relations with countries in which we have or are implementing significant business relationships with agents, clients, or other partners; deterioration in customer confidence in our business, or in money transfer and payment service providers generally; failure to maintain our agent network and business relationships under terms consistent with or more advantageous to us than those currently in place; our ability to adopt new technology and develop and gain market acceptance of new and enhanced services in response to changing industry and consumer needs or trends; mergers, acquisitions, and the integration of acquired businesses and technologies into our Company, divestitures, and the failure to realize anticipated financial benefits from these transactions, and events requiring us to write down our goodwill; decisions to change our business mix; changes in, and failure to manage effectively, exposure to foreign exchange rates, including the impact of the regulation of foreign exchange spreads on money transfers; changes in tax laws, or their interpretation, any subsequent regulation, and unfavorable resolution of tax contingencies; any material breach of security, including cybersecurity, or safeguards of or interruptions in any of our systems or those of our vendors or other third parties; cessation of or defects in various services provided to us by third-party vendors; our ability to realize the anticipated benefits from restructuring-related initiatives, which may include decisions to downsize or to transition operating activities from one location to another, and to minimize any disruptions in our workforce that may result from those initiatives; our ability to attract and retain qualified key employees and to manage our workforce successfully; failure to manage credit and fraud risks presented by our agents, clients, and consumers; adverse rating actions by credit rating agencies; our ability to protect our trademarks, patents, copyrights, and other intellectual property rights, and to defend ourselves against potential intellectual property infringement claims; material changes in the market value or liquidity of securities that we hold; restrictions imposed by our debt obligations; (ii) events related to our regulatory and litigation environment, such as: liabilities or loss of business resulting from a failure by us, our agents, or their subagents to comply with laws and regulations and regulatory or judicial interpretations thereof, including laws and regulations designed to protect consumers, or detect and prevent money laundering, terrorist financing, fraud, and other illicit activity; increased costs or loss of business due to regulatory initiatives and changes in laws, regulations and industry practices and standards, including changes in interpretations, in the United States and abroad, affecting us, our agents or their subagents, or the banks with which we or our agents maintain bank accounts needed to provide our services, including related to anti-money laundering regulations, anti-fraud measures, our licensing arrangements, customer due diligence, agent and subagent due diligence, registration and monitoring requirements, consumer protection requirements, remittances, immigration, and sustainability reporting including climate-related reporting; liabilities, increased costs or loss of business and unanticipated developments resulting from governmental investigations and consent agreements with, or investigations or enforcement actions by regulators and other government authorities; liabilities resulting from litigation, including class-action lawsuits and similar matters, and regulatory enforcement actions, including costs, expenses, settlements, and judgments; failure to comply with regulations and evolving industry standards regarding consumer privacy, data use, the transfer of personal data between jurisdictions, and information security, failure to comply with the Dodd-Frank Wall Street Reform and Consumer Protection Act, as well as regulations issued pursuant to it and the actions of the Consumer Financial Protection Bureau and similar legislation and regulations enacted by other governmental authorities in the United States and abroad related to consumer protection; effects of unclaimed property laws or their interpretation or the enforcement thereof; failure to maintain sufficient amounts or types of regulatory capital or other restrictions on the use of our working capital to meet the changing requirements of our regulators worldwide; changes in accounting standards, rules and interpretations, or industry standards affecting our business; and (iii) other events, such as catastrophic events and management’s ability to identify and manage these and other risks. About Western Union The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments—across more than 200 countries and territories and nearly 130 currencies—to connect with billions of bank accounts, millions of digital wallets and cards, and a global footprint of hundreds of thousands of retail locations. Our goal is to offer accessible financial services that help people and communities prosper. For more information, visit www.westernunion.com . WU-G View source version on businesswire.com : https://www.businesswire.com/news/home/20241213394701/en/ CONTACT: Media Relations: Brad Jones media@westernunion.comInvestor Relations: Tom Hadley WesternUnion.IR@westernunion.com KEYWORD: COLORADO UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SOFTWARE PERSONAL FINANCE PAYMENTS FINANCE BANKING PROFESSIONAL SERVICES TECHNOLOGY FINTECH SOURCE: The Western Union Company Copyright Business Wire 2024. PUB: 12/13/2024 04:05 PM/DISC: 12/13/2024 04:04 PM http://www.businesswire.com/news/home/20241213394701/en
Woman had blood transfusion as a baby and was 'amazed' to see herself on 60-year-old blood donor adThe Vancouver Canucks might have a big hole in their lineup for tonight’s game. Quinn Hughes is a game-time decision as the team takes on the San Jose Sharks at home. If he doesn’t play, it’ll be the first game he’s missed this season. Head coach Rick Tocchet broke the news during his pre-game media availability. He said that the 25-year-old skated this morning like normal but is fighting through something. “He’s dealing with a couple of things and we’ll figure it out at game time. He’ll probably want to play, but I’ll make that decision. It just happened last game.” . The injury is affecting Hughes’ hand Hughes’ absence would be sorely felt. The Canucks badly need the defenceman who has been their best player so far this year. He has 40 points in 33 games and is performing better than he did last season when he won the Norris Trophy as the league’s best defenceman. Even with all their blueliners healthy, the Canucks defence group is a weakness on their roster. They might now have to play not only without Hughes but also . This news comes during a time of turmoil for the Canucks. The team is just 3-3-4 in their last 10 games. A has led to lots of noise in the market. Neither of those two stars are playing well, but they’ll need to find their game tonight to help the team with Hughes possibly not in the lineup. The Sharks are in last place in the Pacific Division, so if there was a game for Hughes to miss, this might be the one. It’s the Canucks last game before a short holiday break. They’ll play their next contest after tonight’s on December 28 against the Seattle Kraken.