Stock market today: Wall Street ends little changed after giving up a big morning gainStock market 12-23-24: Wall Street rises at the start of a holiday-shortened week
Stock market today: Wall Street rises at the start of a holiday-shortened week
I think that buy and hold investing is one of the best ways to grow your wealth. By putting your money in the market and letting it compound over many years, you can turn even modest amounts into something significant. The good news is that buy and hold investing has become even easier in recent years due to the emergence of exchange-traded funds ( ). These financial instruments allow you to buy a large number (sometimes thousands) of shares through a single investment. But which ASX ETFs could be great long-term options for investors? Let's take a look at five to consider buying: The could be a great ASX ETF to hold onto for the long term. It gives investors easy access to ~8,000 large, mid, and small cap stocks from Australia, the United States, developed markets, and emerging markets. BetaShares, which recently as one to buy, believes the fund has high growth potential, which could make it suitable for investors with a higher tolerance for risk. ( ) Another ASX ETF to look at is the . As its name implies, this fund gives investors exposure to many of the world's largest consumer staples companies. These are generally regarded as low risk investment options that deliver steady returns rather than anything explosive. This is because they tend to perform well whatever is happening in the global economy. Among the fund's holdings are global giants , , and . ( ) A third ASX ETF that could be a good buy and hold option for investors is the . Betashares, which also recently tipped this fund as one to buy, notes that "cloud computing has been one of the strongest-growing segments of the technology sector, and given much of the world's digital data and software applications are still maintained outside the cloud, continued strong growth has been forecast." Its holdings include and . Another ASX ETF to consider buying for 10 years is the When you are making investment for the long term, it is never a bad idea to buy the highest quality companies you can find. Luckily, Betashares has made thing easy for investors by bundling together approximately 150 shares from across the globe that are judged to be the highest quality out there based on certain metrics. Betashares' chief economist, David Bassanese, the ETF as one to buy. ( ) Finally, the could be a top ASX ETF to buy and hold. It looks for the type of companies that Warren Buffett would buy and then bundles them together for investors. These are companies with fair valuations and wide moats (or sustainable competitive advantages). Given the success Buffett has had with this strategy for decades with ( ), there's reason to believe this ASX ETF could deliver the goods over the long term.For years, patients in the U.S. health care system have grown frustrated with a bureaucracy they don’t understand . Doctors are included in an insurer’s network one year but not the next. Getting someone on the phone to help can be next to impossible. Coverage of care and prescriptions is often unceremoniously denied. This week’s fatal shooting of UnitedHealthcare CEO Brian Thompson has unleashed a wave of public feeling — exasperation, anger, resentment, helplessness — from Americans sharing personal stories of interactions with insurance companies, often seen as faceless corporate giants. In particular, the words written on ammunition found at the shooting scene — “delay,” “deny” and “depose,” echoing a phrase used to describe how insurers dodge claim payouts — amplified voices that have long been critical of the industry. “All of a sudden, I am fired up again,” said Tim Anderson, describing how his wife, Mary, had to deal with UnitedHealthcare coverage denials before she died from Lou Gehrig’s disease, or amyotrophic lateral sclerosis, in 2022. Anderson said they couldn’t get coverage for machines to help his wife breathe or talk — toward the end, she communicated by blinking when he showed her pictures. The family had to rely on donations from a local ALS group, he said. “The business model for insurance is don’t pay,” said Anderson, 67, of Centerville, Ohio. “When Mary could still talk, she said to me to keep fighting this,” he added. “It needs to be exposed.” For Anderson and others, Thompson's death and the message left at the scene have created an opportunity to vent their frustrations. Conversations at dinner tables, office water coolers, social gatherings and on social media have pivoted to the topic, as police efforts to find the gunman keep the case in the news. Hans Maristela said he understands why the chatter is bubbling up. The 54-year-old caregiver in California was moved to comment on Facebook about UnitedHealthcare's reputation of denying coverage. As a Catholic, he said, he grieves Thompson's death and feels for his family, especially with the holidays around the corner. But he sees frustration with insurers even among his clients, most of them wealthy older people who've not been shielded from high out-of-pocket costs. “And then you know the CEO of this company you pay a lot of money to gets $10 million dollars a year, you won’t have a lot of sympathy for the guy," Maristela said, citing Thompson's compensation package that included base pay and stock options. “Health care is a business, I understand, but the obsession with share price, with profit, has to be reevaluated.” University of Pennsylvania researcher Michael Anne Kyle said she's not surprised by the growth of conversation around insurers. “People are often struggling with this by themselves, and when you see someone else talk about it, that may prompt you to join the conversation,” she said. Kyle studies how patients access care and said she's seen frustration with the system build for years. Costs are rising, and insurers are using more controls such as prior authorizations and doctor networks to manage them. Patients are often stuck in the middle of disputes between doctors and insurers. “Patients are already spending a lot of money on health care, and then they’re still facing problems with the service,” she said. Insurers often note that most of the money they bring in goes back out the door to pay claims, and that they try to corral soaring costs and the overuse of some care. In Ohio, Anderson said his initial reaction to the CEO shooting was to question whether it was connected to a coverage denial, like the ones he'd experienced with his wife. “I definitely do not condone killing people,” he said. “But I read it and said, 'I wonder if somebody had a spouse whose coverage was denied.’” It's something Will Flanary, a Portland-based ophthalmologist and comedian with a large social media following, saw online a lot in the shooting's immediate aftermath and found very telling. “It’s zero sympathy,” he said. “And the lesson to take away from that is not, ‘Let’s shame people for celebrating a murder.’ No, it’s: ‘Look at the amount of anger that people have toward this system that’s taken advantage of people and do something to try to fix that.’” Flanary's content, published under the name Dr. Glaucomflecken, started out as niche eye doctor jokes and a way to cope with his own experiences with two cancer diagnoses and a sudden cardiac arrest. But it has evolved, featuring character skits that call attention to and satirize the decisions of large health insurers, including UnitedHealthcare. He said he's never seen conversations around health insurance policy take off the way they did this week — and he hopes these new voices can help bring about change. “I’m always talking about how powerful social media can be with advocacy," he said, "because it really is the only way to put a significant amount of pressure on these corporations who are doing bad things for patients.”
UnitedHealthcare CEO's shooting opens a door for many to vent frustrations over insuranceDan Huttenlocher, SM ’84, PhD ’88, leads the way up to the eighth floor of Building 45, the recently completed headquarters of the . “There’s an amazing view of the Great Dome here,” he says, pointing out a panoramic view of campus and the Boston skyline beyond. The floor features a high-end event space with an outdoor terrace and room for nearly 350 people. But it also serves an additional purpose—luring people into the building, which opened last January. The event space “wasn’t in the original building plan,” says Huttenlocher, Schwarzman’s inaugural dean, “but the point of the building is to be a nexus, bringing people across campus together.” Launched in 2019–’20, Schwarzman is MIT’s only college, so called because it cuts across the Institute’s five schools in a new effort to integrate advanced computing and artificial intelligence into all areas of study. “We want to do two things: ensure that MIT stays at the forefront of computer science, AI research, and education,” Huttenlocher says, “and infuse the forefront of computing into disciplines across MIT.” He adds that safety and ethical considerations are also critical. To that end, the college now encompasses multiple existing , including the Computer Science and Artificial Intelligence Laboratory (CSAIL), and multiple , including the Department of Electrical Engineering and Computer Science. (EECS—which was reorganized into the overlapping subunits of electrical engineering, computer science, and artificial intelligence and decision-making—is now part of both the college and the School of Engineering.) At the same time, the college has embarked on a plan to hire 50 new faculty members, half of whom will have shared appointments in other departments across all five schools to create a true Institute-wide entity. Those faculty members—two-thirds of whom have already been hired—will conduct research at the boundaries of advanced computing and AI. The new faculty members have already begun helping the college respond to an undeniable reality facing many students: They’ve been overwhelmingly drawn to advanced computing tools, yet computer science classes are often too technical for nonmajors who want to apply those tools in other disciplines. And for students in other majors, it can be tricky to fit computer science classes into their schedules. Meanwhile, the appetite for computer science education is so great that nearly half of MIT’s undergraduates major in EECS, voting with their feet about the importance of computing. Graduate-level classes on deep learning and machine vision are among the largest on campus, with over 500 students each. And a blended major in cognition and computing has almost four times as many enrollees as brain and cognitive sciences. “We’ve been calling these students ‘computing bilinguals,’” Huttenlocher says, and the college aims to make sure that MIT students, whatever their field, are fluent in the language of computing. “As we change the landscape,” he says, “it’s not about seeing computing as a tool in service of a particular discipline, or a discipline in the service of computing, but asking: How can we bring these things together to forge something new?” The college has been the hub of this experiment, sponsoring over a dozen new courses that integrate computing with other disciplines, and it provides a variety of spaces that bring people together for conversations about the future of computing at MIT. More than just a nexus for computing on campus, the college has also positioned itself as a broad-based leader on AI, presenting policy briefs to Congress and the White House about how to manage the pressing ethical and political concerns raised by the rapidly evolving technology. “Right now, digital technologies are changing every aspect of our lives with breakneck speed,” says Asu Ozdaglar, SM ’98, PhD ’03, EECS department head and Schwarzman’s deputy dean of academics. “The college is MIT’s response to the ongoing digital transformation of our society.” Huttenlocher, who also holds the title of Henry Ellis Warren (1894) Professor of Electrical Engineering and Computer Science and coauthored the book with Henry Kissinger and Eric Schmidt, has long been exploring such issues. He started programming computers back in middle school in Connecticut in the 1970s on an ASR 33 teletype machine, and eventually he studied at the University of Michigan as a double major in cognitive psychology and computer science, exploring speech recognition and visual perception. “AI work back then was relatively disconnected from the physical world,” he says. “Being interested in the perceptual side of things was kind of an outlier for what was going on in AI then.” When he looked at grad schools in the 1980s, only MIT, Carnegie Mellon, and Stanford were doing significant work in AI, he says: “I applied to those three schools and figured if it didn’t work out, I’d get a job.” It worked out, of course. He headed to Cambridge and gravitated to MIT’s AI Lab in Technology Square, where he first worked on speech recognition and then transitioned into computer vision, at the time still in its infancy. After earning his PhD, he served simultaneously as a computer science professor at Cornell and a researcher at Xerox PARC, flying between New York and the burgeoning Silicon Valley, where he worked on computer vision for the digital transformation of copiers and scanners. “In academia, you have more curiosity-driven research projects, where in the corporate world you have the opportunity to build things people will actually use,” he says. “I’ve spent my career moving back and forth between them.” Along the way, Huttenlocher gained administrative experience as well. He was a longtime board member and eventual chair of the MacArthur Foundation, and he also helped launch Cornell Tech, the university’s New York City–based graduate school for business, law, and technology, serving as its first dean and vice provost. When Stephen Schwarzman, CEO of the investment firm Blackstone Group, gave $350 million to MIT to establish a college of computing in 2018, he was eager to return to the Institute to lead it. “The fact that MIT was making a bold commitment to become a broad-based leader in the AI-driven age—and that it was cutting across all of its schools—was exciting,” he says. Schwarzman College took shape through task forces involving more than 100 MIT faculty members. By the fall of 2019 a plan had been nailed down, and Huttenlocher was in place as director with EECS head Ozdaglar named deputy dean of academics. “I never believed that everybody wants to do computer science at MIT,” she says. “Students come in with a lot of passions, and it’s our responsibility to educate these bilinguals, so they are fluent in their own discipline but also able to use these advanced frontiers of computing.” Ozdaglar’s background is in using machine learning to optimize communications, transportation, and control systems. Recently she has become interested in applying machine-learning algorithms to social media, examining how the choices people make when sharing content affect the information—and misinformation—recommended to them. This work builds on her longstanding interdisciplinary collaborations in the social sciences, including collaborations with her husband, economics professor (and recent Nobel laureate) Daron Acemoglu. “I strongly feel that to really address the important questions in society, these old department or disciplinary silos aren’t adequate anymore,” she says. “The college has enabled me to work much more broadly across MIT and share all that I’ve learned.” Ozdaglar has been a driving force behind faculty hiring for the college, working with 18 departments to bring on dozens of scholars at the forefront of computing. In some ways, she says, it’s been a challenge to integrate the new hires into existing disciplines. “We have to keep teaching what we’ve been teaching for tens or hundreds of years, so change is hard and slow,” she says. But she has also noticed a palpable excitement about the new tools. Already, the college has brought in more than 30 new faculty members in four broad areas: climate and computing; human and natural intelligence; humanistic and social sciences; and AI for scientific discovery. In each case, they receive an academic home in another department, as well as an appointment, and often lab space, within the college. That commitment to interdisciplinary work has been built into every aspect of the new headquarters. “Most buildings at MIT come across as feeling pretty monolithic,” Huttenlocher says as he leads the way along brightly lit hallways and common spaces with large walls of glass looking out onto Vassar Street. “We wanted to make this feel as open and accessible as possible.” While the Institute’s high-end computing takes place mostly at a massive computing center in Holyoke, about 90 miles away in Western Massachusetts, the building is honeycombed with labs and communal workspaces, all made light and airy with glass and natural blond wood. Along the halls, open doorways offer enticing glimpses of such things as a giant robot hanging from a ceiling amid a tangle of wires. Lab and office space for faculty research groups working on related problems—who might be from, say, CSAIL and LIDS—is interspersed on the same floor to encourage interaction and collaboration. “It’s great because it builds connections across labs,” Huttenlocher says. “Even the conference room does not belong to either the lab or the college, so people actually have to collaborate to use it.” Another dedicated space is available six months at a time, by application, for special collaborative projects. The first group to use it, last spring, focused on bringing computation to the climate challenge. To make sure undergrads use the building too, there’s a classroom and a 250-seat lecture hall, which now hosts classic Course 6 classes (such as Intro to Machine Learning) as well as new multidiscipline classes. A soaring central lobby lined with comfortable booths and modular furniture is ready-made for study sessions. For some of the new faculty, working at the college is a welcome change from previous academic experiences in which they often felt caught between disciplines. “The intersection of climate sustainability and AI was nascent when I started my PhD in 2015,” says Sherrie Wang, an assistant professor with a shared appointment in mechanical engineering and the Institute for Data, Systems, and Society, who is principal investigator of the Earth Intelligence Lab. When she hit the job market in 2022, it still wasn’t clear which department she’d be in. Now a part of Schwarzman’s climate cluster, she says her work uses machine learning to analyze satellite data, examining crop distribution and agricultural practices across the world. “It’s great to have a cohort of people who have similar philosophical motivations in applying these tools to real-world problems,” she says. “At the same time, we’re pushing the tools forward as well.” AI impact papers Among other researchers, she plans to collaborate with Sara Beery, a CSAIL professor who analyzes vast troves of visual, auditory, and other data from a diverse range of sensors around the world to better understand how climate change is affecting distribution of species. “AI can be successful in helping human experts efficiently process terabytes and petabytes of data so they can make informed management decisions in real time rather than five years later,” says Beery, who was drawn to the college’s unique hybrid nature. “We need a new generation of researchers that frame their work by bringing different types of knowledge together. At Schwarzman, there is a clear vision that this type of work is going to be necessary to solve these big, essential problems.” Beery is now working to develop a class in machine learning and sustainability with two other new faculty members in the climate cluster: Abigail Bodner, an assistant professor in EECS and Earth, Atmospheric, and Planetary Sciences (whose work uses AI to analyze fluid dynamics), and Priya Donti, assistant professor in EECS and LIDS (who uses AI and computing to optimize integration of renewable energy into power grids). “There’s already a core course on AI and machine learning—an on-ramp for people without prior exposure who want to gain those fundamentals,” says Donti. “The new class would be for those who want to study advanced AI/ML topics within the context of sustainability-related disciplines, including power systems, biodiversity, and climate science.” The class on machine learning and sustainability would be part of , an initiative cochaired by Ozdaglar and involving several dozen faculty members across MIT to develop new classes integrating advanced computing with other disciplines. So far, says Ozdaglar, it has generated more than a dozen new courses. One machine-learning class developed with input from nine departments provides exposure to a variety of practical applications for AI algorithms. Another collaboration, between computer science and urban studies, uses data visualization to address housing issues and other societal challenges. Julia Schneider ’26, a double major in AI and mathematics, took the Common Ground class on optimization methods, which she says demonstrated how computer science concepts like shortest-path algorithms and reinforcement learning could be applied in other areas, such as economics and business analytics. She adds that she values such classes because they blend her two areas of study and highlight multidisciplinary opportunities. Natasha Hirt ’23, MEng ’23, came to MIT thinking that computer science was peripheral to her major in architecture and urban planning. Then she took a course with building technology professor Caitlin Mueller on structural optimization and design—and it changed the trajectory of her MIT career. That led her to Interactive Data Visualization and Society, a Common Ground class, and several interdisciplinary classes combining computer science and field-specific knowledge. She says these provided the perfect introduction to algorithms without delving too much into math or coding,giving her enough working knowledge to set up models correctly and understand how things can go wrong. “They are teaching you what an engine is, what it looks like, and how it works without actually requiring you to know how to build an engine from scratch,” she says, though she adds that the classes also gave her the opportunity to tinker with the engine. She’s now working on master’s degrees in both building technology and computation science and engineering, focusing on making buildings more sustainable by using computational tools to design novel, less material-intensive structures. She says that Common Ground facilitates an environment where students don’t have to be computer science majors to learn the computational skills they need to succeed in their fields. And that’s the intent. “My hope is that this new way of thinking and these educational innovations will have an impact both nationally and globally,” Ozdaglar says. The same goes for recent papers MIT has commissioned, both on AI and public policy and on applications of generative AI. As generative AI has spread through many realms of society, it has become an ethical minefield, giving rise to problems from intellectual-property theft to deepfakes. “The likely consequence has been to both over- and under-regulate AI, because the understanding isn’t there,” Huttenlocher says. But the technology has developed so rapidly it’s been nearly impossible for policymakers to keep up. “Even faculty who are leading researchers in this area say ‘I can’t read fast enough to keep up with what’s going on,’” Huttenlocher says, “so that heightens the challenge—and the need.” The college has responded by engaging faculty at the cutting edge of their disciplines to issue for government leaders. First was a written in the fall of 2023 by Huttenlocher, Ozdaglar, and the head of MIT’s DC office, David Goldston, with input from more than a dozen MIT faculty members. The brief spells out essential tasks for helping the US maintain its AI leadership, as well as crucial considerations for regulation. The college followed that up with a policy brief by EECS faculty specifically focusing on large language models such as ChatGPT. Others dealt with AI’s impact on the workforce, the effectiveness of labeling AI content, and AI in education. Along with the written documents, faculty have briefed congressional committees and federal agencies in person to get the information directly into the hands of policymakers. “The question has been ‘How do we take MIT’s specific academic knowledge and put it into a form that’s accessible?’” Huttenlocher says. On a parallel track, in July of 2023 President Sally Kornbluth and Provost Cynthia Barnhart, SM ’86, PhD ’88, issued a call for papers by MIT faculty and researchers to “articulate effective road maps, policy recommendations, and calls for action across the broad domain of generative AI.” Huttenlocher and Ozdaglar played a key role in evaluating the 75 proposals that came in. Ultimately, from interdisciplinary teams of authors representing all five schools. Each of the 27 teams received between $50,000 and $70,000 in seed funds to research and write 10-page impact papers, which were due by December 2023. Given the enthusiastic response, MIT sent out another call in the fall of 2023, resulting in an additional 53 proposals, with in March, on topics including visual art, drug discovery, and privacy. As with the policy briefs, Huttenlocher says, “we are trying to provide the fresher information an active researcher in the field would have, presented in a way that a broader audience can understand.” Even in the short time the college has been active, Huttenlocher and Ozdaglar have begun to see its effects. “We’re seeing departments starting to change some of the ways they are hiring around degree programs because of interactions with the college,” Huttenlocher says. “There is such a huge acceleration of AI in the world—it’s getting them to think with some urgency in doing this.” Whether through faculty hiring, new courses, policy papers, or just the existence of a space for high-level discussions about computing that had no natural home before, Huttenlocher says, the college hopes to invite the MIT community into a deeper discussion of how AI and other advanced computing tools can augment academic activities around campus. MIT has long been a leader in the development of AI, and for many years it has continued to innovate at the cutting edge of the field. With the college’s leadership, the Institute is in a position to continue innovating and to guide the future of the technology more broadly. “The next step,” says Ozdaglar, “is to take that impact out into the world.”
Monterey Motorsports Festival plans display of ultra-rare icons after appearance at special concours during LA Auto Show
Rosen Law Firm Encourages Zeta Global Holdings Corp. Investors to Inquire About Securities Class Action Investigation - ZETABOONE, N.C. (AP) — South Carolina offensive coordinator Dowell Loggains has been hired as head coach at Appalachian State and will receive a five-year contract, athletic director Doug Gillin announced Saturday. The 44-year-old Loggains replaces Shawn Clark, who was fired Monday after the Mountaineers finished 5-6 for their first losing season since 2013. Loggains was South Carolina's offensive coordinator for two seasons and an assistant at Arkansas, his alma mater, for two seasons before that. He spent 16 years in the NFL as offensive coordinator and quarterbacks coach for Tennessee, Cleveland, Chicago, Miami and the New York Jets. “He brings experience as a leader and play-caller at the highest levels of professional and college football," Gillin said. "He is a great recruiter and believes strongly in building relationships. He is aligned with our core values of academic integrity, competitive excellence, social responsibility and world-class experience. This is a great day for App State.” Loggains' offense at South Carolina featured LaNorris Sellers, one of the nation's top dual-threat quarterbacks, and running back Raheim “Rocket” Sanders. Sellers and Sanders led the Southeastern Conference's third-ranked rushing offense. Loggains spent the 2021 and 2022 seasons as Arkansas' tight ends coach, and he worked with Sam Darnold, Jay Cutler, Mitchell Trubisky, Brian Hoyer and Vince Young during his time in the NFL. The Mountaineers, the preseason favorites in the Sun Belt Conference's East Division, tied for fifth with a 3-5 record in league play. App State was 40-24 under Clark, but the Mountaineers have failed to reach a bowl game two of the past three seasons. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-footballFor many, the real meaning of Christmas lies in sharing meals with family and friends. These feasts are often extravagant in style or size (or both) and are designed without our gut microbiomes and arteries in mind: Such is their joy. They’re also often laden with tradition. My family’s festive table, however, has been through a series of evolutions. My pescetarian childhood Christmas was celebrated around an enormous bowl of pesto pasta. We had a few years of the traditional roast turkey, followed by beef when it was decided a big bird wasn’t worth the stress. Then the feast was vegan until last year, when my parents decided to welcome small amounts of dairy back into their lives. All the meals were suitably celebratory, but the transition back toward dairy was notable because it echoes a shift I’ve seen multiple times among my peers. Several vegetarian and vegan friends have reverted to eating meat or are considering it, while — at least in my limited experience — no one seems to be going the other way. There’s also been a spate of celebrities renouncing plant-based diets too, including Lizzo, Miley Cyrus and Bear Grylls. Full disclosure: I’ve been a vegetarian for the last seven years, but I sometimes eat fish, and on a few occasions, I have eaten meat. (Some might call me a flexitarian.) It’s tempting to dismiss a preoccupation with others’ food choices as nosy. But it matters, at least on a macro scale. U.K. agriculture accounted for an estimated 12% of UK greenhouse gas emissions in 2023, a proportion that has been growing in significance as other sectors’ emissions decline. And as the U.K. imports around half of its food, our diets have effects beyond those associated with domestic farming. Looking at it from a consumption perspective, food makes up about 30% of the carbon footprint of a typical household in high-income European countries. Most of that footprint comes from animal products, with livestock farming accounting for 14.5% of global emissions. Governments seeking to reach net zero greenhouse gas emissions will have to clean up their nations’ plates. This doesn’t mean that everyone must go vegan. Given food consumption is highly personal, influenced by numerous factors including culture, allergies and health, that would be an unrealistic goal. But coupled with improvements in production practices and food waste, big reductions can be achieved with small lifestyle shifts. The Climate Change Committee (CCC), an independent advisory body, has recommended that U.K. meat consumption should come down by 20% by 2030. A 2019 report written by Richard Carmichael, a research fellow at Imperial College London, for the CCC says that halving consumption of animal products by avoiding the highest-impact producers would achieve 73% of the emissions reduction made from switching to entirely plant-based diets. A few years ago it felt like there was a lot of momentum behind the transition to plant-based (or at least plant-heavy) diets. New alternative proteins from companies including Impossible Foods Inc. and Beyond Meat Inc. were hitting the market, and there was a boom in specialist vegan eateries. These days, Beyond Meat’s stock price has plummeted, and there’s a rash of stories about vegan restaurants having to add meat to their menus in order to survive. So what’s happening to our eating habits? A YouGov tracker survey shows that the proportion of respondents in the U.K. identifying as eating fewer or no animal products — from flexitarianism to veganism — largely hasn’t changed over the past five years: As you’d expect, vegans and vegetarians skew slightly younger — but the differences aren’t huge: But what people identify as is less important than what they actually eat. Here, data from the U.K.’s Department for Environment, Food and Rural Affairs’ Family Food Survey has interesting insights. Total meat consumption has been slowly declining, falling to a record low in 2021: While cheese consumption has increased slightly, consumption of semi-skimmed milk peaked in 2012. Meanwhile, non-dairy milk substitutes have climbed to about 110 milliliters (around 4 ounces) per person a week in 2022 from less than 25 milliliters in 2004, when it was first broken out as a separate category — this still represents only a fraction of cow’s milk being quaffed, but it’s an impressive growth rate. In the last few years, price has almost certainly been a factor influencing our shopping baskets. As the sticker shocks caused by Russia’s invasion of Ukraine hit in 2022, you can see drops in consumption of categories including fish and cheese. But our diets have changed a lot since the 1970s, and I suspect the long-term declines in meat consumption are thanks in part to the globalization of food — we didn’t just start importing more produce from overseas (which has enabled us to eat fresh tomatoes, for example, all year), but we’ve been more exposed to plant-based recipes from different cultures. In that half-century, there’s no doubt that vegetarianism and veganism has become far easier and more socially acceptable. That has ripple effects as meat eaters can also now enjoy more flexible dining selections. But left to society and markets, things are moving too slowly to meet targets for meat consumption, and Carmichael’s work reveals that clear barriers to eating more vegetarian and vegan dishes remain. Several things swayed my friends back to animal products, including romantic partners, concerns over ultra-processed foods or merely feeling that they were alone in their endeavors. Given governments have generally avoided policies nudging people toward more sustainable diets, it’s no surprise that people are returning to what those around them are doing. There’s also a lesson for policy in this shift. The failure of vegan restaurants reflects the fact that an exclusive approach is less effective. Vegans and vegetarians socialize with those who eat meat. A social group would likely pick a location where everyone can eat happily. Having both options also normalizes plant-based meals — they are, after all, just food — and makes them more accessible to those who don’t identify as vegan but may want to try a particular dish. Such an approach could be taken with catering at government-funded institutions such as schools and hospitals, which, according to Carmichael, provide 30% of meals in the U.K. But with meat drawn into the culture wars and farmers already angry about a range of policy changes, this is an area that lawmakers are nervous about. At the United Nations climate conference in Azerbaijan, U.K. Prime Minister Keir Starmer insisted that he won’t “tell people how to run their lives.” In the end, the impetus to coax people further toward a more flexitarian practice — where meals are more heavily plant-based but meat, dairy and fish are enjoyed in moderation — may come from another source: public health. Although meat consumption has declined overall, there’s been a steady rise in ready meals and processed meats, which has led to overconsumption of saturated fat and salt. In England, 64% of adults were estimated to be overweight or living with obesity in 2022 to 2023. This puts strain on the National Health Service. Obesity costs it 6.5 billion pounds ($8.1 billion) a year and is the second-biggest preventable cause of cancer. Helping people eat healthier diets with more fruit, vegetables and fiber would have enormous benefits for human well-being and the planet. Research suggests that reducing average meat consumption to two to three servings a week could prevent 45,000 deaths and save the NHS 1.2 billion pounds a year. Starmer may not want to push the envelope, but the government can’t ignore the diet question forever. Perhaps Christmas isn’t a time to dwell too much on what’s healthy. Enjoy your dinner, whatever is on your plate. But come 2025, we should all reflect on whether our diets are serving our best interests. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners. Lara Williams is a Bloomberg Opinion columnist covering climate change. ©2024 Bloomberg L.P. Visit bloomberg.com/opinion. Distributed by Tribune Content Agency, LLC.
Christopher Nolan’s Next Movie Gets Title, Is a ‘Mythic Action Epic’ By has officially been announced by . In a surprise piece of news, the film will be an adaptation of a literary classic. What is the title of Christopher Nolan’s next movie? In an announcement on social media, Universal Pictures revealed that Nolan’s next movie will be an adaptation of Homer’s The Odyssey. The film is described as a “mythic action epic” that’s been shot across the world and will utilize “brand new IMAX film technology.” “Christopher Nolan’s next film The Odyssey is a mythic action epic shot across the world using brand new IMAX film technology,” reads Universal’s post. “The film brings Homer’s foundational saga to IMAX film screens for the first time and opens in theaters everywhere on July 17, 2026.” Christopher Nolan’s next film ‘The Odyssey’ is a mythic action epic shot across the world using brand new IMAX film technology. The film brings Homer’s foundational saga to IMAX film screens for the first time and opens in theaters everywhere on July 17, 2026. The Odyssey is one of two ancient Greek epic poems attributed to Homer, a Greek poet who is also credited as the author of the Iliad, and who is often seen as one of the most influential and important authors in human history. The Odyssey follows the story of the Greek hero Odysseus, king of Ithaca, as he journeys home after the Trojan War. Presumed dead, Odysseus’ wife Penelope and son Telemachus contend with various suitors who compete for Penelope’s hand in Odysseus’ absence. The Odyssey is thought to have been written sometime in the 8th or 7th century BC, and is one of the most important works of in literary history. Previously, it was announced that , , , and would all also star in the upcoming project. Early reports suggest that Pattinson, Damon, Holland, and Hathaway will make up “the core leads” of the movie. Lupita Nyong’o and Zendaya, both of whom were , will also have supporting roles in some degree, as will . Nolan’s The Odyssey will release in the United States theaters on July 17, 2026, from Universal Pictures. Anthony Nash has been writing about games and the gaming industry for nearly a decade. When he’s not writing about games, he’s usually playing them. You can find him on Twitter talking about games or sports at @_anthonynash. Share articleST Picks: More job options for ex-offenders, yet social stigma remainsTORONTO - Canada’s main stock index pushed higher to end Monday up almost 150 points on light trading action, while U.S. stock markets also gained ahead of the Christmas break. “Today is a quiet pre-Christmas Day of trading,” said Kevin Burkett, a portfolio manager at Victoria, B.C.-based Burkett Asset Management. While markets in both Canada and the U.S. were mild, Burkett suggests watching the markets closely during the holiday season, a contrast to what’s typically a sleepy period for markets. “We’re continuing to watch markets very closely here because you’ve got some tectonic plate shifting in terms of the macroeconomic backdrop,” he said. “It’s all the political conversations both in Canada and in the U.S.” Burkett added fiscal policy seems to be disconnected from monetary policy in the post-pandemic period. “The fiscal policy may shift and that shift absolutely has market implications both in the short and long term,” he said. The S&P/TSX composite index was up 149.50 points at 24,748.98. Statistics Canada released its latest numbers on Canada’s economic growth, up 0.3 per cent in October — driven by the mining, quarrying, and oil and gas extraction sector. The loonie continued its slide, trading for 69.47 cents US compared with 69.61 cents US on Friday. The telecom sector was the biggest loser at the closing on TSX, which Burkett attributed to “tax loss selling happening at the end of the year.” Competition Bureau Canada announced on Monday it was suing Rogers Communications Inc. for allegedly making misleading claims about its infinite wireless plans. The stock price for Rogers, which is hovering near 52-week lows, fell 0.7 per cent on Monday. Meanwhile, BCE was down almost 1.4 per cent and Telus dropped 0.9 per cent. Burkett suggested the day’s poor performance among telecom companies was likely tax loss selling since it’s almost the end of the year. “It’s been a tough year for the communication services sector,” he said. South of the border, communications services was the top-performing sector, led by large-cap tech companies. Several big technology companies helped support the gains, including chip companies Nvidia and Broadcom. In New York, the Dow Jones industrial average was up 66.69 points at 42,906.95. The S&P 500 index was up 43.22 points at 5,974.07, while the Nasdaq composite was up 192.29 points at 19,764.89. The February crude oil contract was down 22 cents at US$69.24 per barrel and the February natural gas contract was down six cents at US$3.35 per mmBTU. The February gold contract was down US$16.90 at US$2,628.20 an ounce and the March copper contract was down one cent at US$4.09 a pound. This report by The Canadian Press was first published Dec. 23, 2024. Companies in this story: (TSX: GSPTSE, TSX: CADUSD, TSE: BCE, TSE: RCI. B)
The AP Top 25 men’s college basketball poll is back every week throughout the season! Get the poll delivered straight to your inbox with AP Top 25 Poll Alerts. Sign up here . BOSTON (AP) — Donald Hand Jr. scored 15 of his career-high 29 points in the first half and grabbed 10 rebounds to help Boston College beat Fairleigh Dickinson 78-70 on Saturday. Chad Venning scored a season-high 18 points on 8-of-10 shooting for Boston College (8-5). Ahmed Barba-Bey was fouled on a 3-point shot and made all three free throws before Terrence Brown converted a three-point play to cut FDU’s deficit to five points with 2 minutes left and Barba-Bey’s 3 with 39 seconds left made it 74-70. Hand answered with a layup 10 seconds later and followed with two free throws that capped the scoring with 18 seconds to play. Barba-Bey, a graduate transfer from Division-II Jefferson, hit eight 3-pointers and led Fairleigh Dickinson (4-11) with a career-high 31 points on 10-of-12 shooting. Brown added 20 points and Bismark Nsiah scored 10, all in the second half. Hand hit a 3-pointer that gave Boston College the lead for good with 17:17 left in the first half and scored 13 of the game’s first 24, including a three-point play that gave the Eagles a 17-7 lead with 11:58 left before the intermission. RELATED COVERAGE No. 13 Texas A&M routs Abilene Christian 92-54, Taylor moves into 2nd in Aggies’ all-time scoring Colby Rogers, Moussa Cisse lead Memphis to an 87-70 win over No. 16 Mississippi Omier has 19 points, 24 rebounds to lead No. 25 Baylor’s 107-53 rout of Arlington Baptist Barba-Bey hit back-to-back 3-pointers to cut FDU’s deficit to four just over a minute later but Boston College scored the next eight points and the Knights got no closer until the second half. Boston College won for just the second time since beating Boise State 63-61 on Joshua Beadle’s late 3-pointer to win the Cayman Islands Classic on Nov. 26 and improve to 6-1. The Knights have lost four games in a row overall and are 0-10 away from home this season. Boston College won the lone previous meeting between the programs 72-54 on Dec. 10, 1992. ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college basketball: https://apnews.com/hub/ap-top-25-college-basketball-poll and https://apnews.com/hub/college-basketball
AVTE Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Aerovate Therapeutics, Inc. Is Fair to Shareholders
-- First Half Revenue of $85.7 million , increase 1.5% year-over-year -- -- First Half GMV of $107.3 million , down 7.0% year-over-year -- SHANGHAI , Dec. 19, 2024 /PRNewswire/ -- Jowell Global Ltd. ("Jowell" or the "Company") (NASDAQ: JWEL), one of the leading cosmetics, health and nutritional supplements, and household products e-commerce platforms in China , today announced its unaudited financial results for the six months ended June 30, 2024 . First Half 2024 Financial and Operational Highlights [1] "Total VIP members" refers to the total number of members registered on Jowell's platform as of June 30, 2024 and June 30, 2023. [2] "LHH stores" refers to the brand name of "Love Home Store". Authorized retailers may operate as independent stores or store-in-shop (an integrated store), selling products they purchased through Jowell's online platform LHH Mall under their retailer accounts, which provides them with major discounts. First Half 2024 Financial Results Total Revenues Total revenues for the first half 2024 were $85.7 million , representing an increase of 1.5% from $84.4 million in the same period of 2023. Our weighted average unit price was $5.16 per unit for the first half of 2024, which represented an increase of 4.2% as compared to $4.95 per unit for the same period of 2023. Our health and nutritional supplements revenue for the first half of 2024 increased by about $11.1 million , or 182.1%, as compared to the same period of 2023. The increase in health and nutritional supplements revenue was mainly due to the increase in sales of premium brand health and nutritional supplements. We have stepped up our promotions on these items during the Chinese New Year holidays in the first half of 2024 in an attempt to offer more promotional discounts in response to the overall market downturn. First Half Ended June 30 % 2024 2023 change Revenues (in thousands, except for percentages) US$ US$ YoY* Product sales • Cosmetic products 19,768.5 29,495.5 (33.0 %) • Health and nutritional supplements 17,190.7 6,094.2 182.1 % • Household products 48,438.7 48,473.1 (0.1 %) • Others 286.4 343.4 (16.6 %) Total 85,684.3 84,406.2 1.5 % * YOY—year over year Total cost and operating expenses were $89.6 million in the first half of 2024, a decrease of 1.5% from $91.0 million in the same period of 2023. Operating Loss Operating loss was $4.0 million for the first half of 2024, compared with the operating loss of $6.6 million in the same period of 2023. The decrease in operating loss for the first half of 2024 was mainly due the decrease of marketing expenses, as well as reduction of operating expenses as discussed above. Net Loss Net loss was $3.8 million , a decrease of 47.1% compared with net loss of $7.1 million in the same period of 2023, which was mainly due the factors mentioned above. Loss per Share The Company computes earnings (loss) per share ("EPS") in accordance with ASC 260, "Earnings per Share" ("ASC 260"). Each of the Company's Preferred Share has voting rights equal to two Ordinary Shares of the Company and each Preferred Share is convertible into one Ordinary Share at any time. Except for voting rights and conversion rights, the Ordinary Shares and the Preferred Shares rank pari passu with one another and have the same rights, preferences, privileges and restrictions. For the first half ended June 30, 2024 and 2023, respectively, the Company had no potential ordinary shares outstanding that could potentially dilute EPS in the future. Cash and Cash Equivalents For the first half of 2024, the Company reported a net loss of $3.8 million , a negative operating cash flow of $41,012 and an accumulated deficit of approximately $29.8 million . The Company's principal sources of liquidity are sales revenues, proceeds from a private placement and a registered direct offering. As of June 30, 2024 , the Company had cash and restricted cash of approximately $0.8 million , held by the variable interest entity (VIE) Shanghai Juhao Information Technology Co., Ltd. ("Shanghai Juhao") with banks and financial institutions inside China as the Company conducts its operations primarily through the consolidated VIE in China ; the Company's working capital as of June 30, 2024 was $13.4 million . Due to the uncertainty of the current market environment, management believes it is necessary to enhance the collection of its outstanding accounts receivable and other receivables, and to be cautious in terms of its operational decisions and project selections. As of October 31, 2024 , approximately $1.8 million , or 62%, of its accounts receivable balance as of June 30, 2024 were collected, and approximately $9.9 million , or 93%, of its advances to supplier balance as of June 30, 2024 were utilized. In addition, the Company's Form F-3 registration was declared effective on August 31, 2022 , and the Company may also seek equity financing from outside investors if necessary. Based on the latest business plan of the Company, Shanghai Juhao has reduced its promotion efforts and marketing expenditures since the second half of 2023, which reduced the cash used in operating activities. Management believes that the above-mentioned factors, including cash on hand of approximately $0.8 million , will provide sufficient liquidity for the Company to meet its future liquidity and capital requirements for at least the next twelve months. About Jowell Global Ltd . Jowell Global Ltd. (the "Company") is one of the leading cosmetics, health and nutritional supplements and household products e-commerce platforms in China . We offer our own brand products to customers and also sell and distribute health and nutritional supplements, cosmetic products and certain household products from other companies on our platform. In addition, we allow third parties to open their own stores on our platform for a service fee based upon sale revenues generated from their online stores and we provide them with our unique and valuable information about market needs, enabling them to better manage their sales effort, as well as an effective platform to promote their brands. The Company also sells its products through authorized retail stores all across China , which operate under the brand names of " Love Home Store " or "LHH Store" and "Best Choice Store". For more information, please visit http://ir.1juhao.com/ . Exchange Rate The Company's financial information is presented in U.S. dollars ("USD"). The functional currency of the Company is the Chinese Yuan, Renminbi ("RMB"), the currency of the PRC. Any transactions which are denominated in currencies other than RMB are translated into RMB at the exchange rate quoted by the People's Bank of China prevailing at the dates of the transactions, and exchange gains and losses are included in the statements of operations as foreign currency transaction gain or loss. The consolidated financial statements of the Company have been translated into U.S. dollars in accordance with ASC 830, "Foreign Currency Matters". This press release contains translations of certain RMB amounts into U.S. dollars ("USD" or "$") at specified rates solely for the convenience of the reader. The exchange rates in effect as of June 30, 2024 and December 31, 2023 were RMB1 for $0.1403 and $0.1412 , respectively. The average exchange rates for the six months ended June 30, 2024 and 2023 were RMB1 for $0.1407 and $0.1444 , respectively. Safe Harbor Statement This press release contains 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 Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; financial condition and results of operations; product and service demand and acceptance; reputation and brand; the impact of competition and pricing; changes in technology; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov . The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. For investor and media inquiries, please contact: Jowell Global Ltd. Ms. Jessie Zhao Email: IR@1juhao.com Jowell Global Ltd. CONDENSED CONSOLIDATED BALANCE SHEETS June 30, December 31, 2024 2023 (Unaudited) ASSETS Current Assets: Cash $ 805,344 $ 1,250,281 Accounts receivable, net 2,344,481 2,401,056 Accounts receivable - related parties - 47,040 Advance to suppliers 10,050,688 3,506,432 Advance to suppliers - related parties 12,493,792 9,874,545 Inventories 4,508,515 8,198,402 Prepaid expenses and other current assets 1,075,591 1,384,758 Total current assets 31,278,411 26,662,514 Long-term investment 3,709,340 3,888,377 Property and equipment, net 845,579 681,942 Intangible assets, net 532,810 634,655 Right of use lease assets, net 1,506,729 2,019,300 Other non-current asset 638,723 895,775 Deferred tax assets 512,175 515,364 Total Assets $ 39,023,767 $ 35,297,927 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Short-term loan $ 210,473 $ 423,567 Accounts payable 2,791,515 3,765,230 Accounts payable - related parties 280,530 194,818 Deferred revenue 11,691,812 2,309,957 Deferred revenue - related parties 40,000 47,059 Current portion of operating lease liabilities 1,475,947 942,989 Accrued expenses and other liabilities 975,072 782,048 Due to related parties 414,585 528,472 Taxes payable 1,487 58,233 Total current liabilities 17,881,421 9,052,373 Non-current portion of operating lease liabilities - 1,032,235 Total liabilities 17,881,421 10,084,608 Commitments and contingencies Equity Common stock, $0.0016 par value, 450,000,000 shares authorized, 2,170,475 issued and outstanding at June 30, 2024 and December 31, 2023, respectively * 3,473 3,473 Preferred stock, $0.0016 par value, 50,000,000 shares authorized, 46,875 issued and outstanding at June 30, 2024 and December 31, 2023, respectively * 75 75 Additional paid-in capital 52,687,182 52,687,182 Statutory reserves 394,541 394,541 Accumulated deficit (29,768,863) (26,039,567) Accumulated other comprehensive loss (2,153,720) (1,843,970) Total Jowell GlobStocks closed higher on Wall Street at the start of a holiday-shortened week. The S&P 500 rose 0.7% Monday. Several big technology companies helped support the gains, including chip companies Nvidia and Broadcom. The Dow Jones Industrial Average added 0.2%, and the Nasdaq composite rose 1%. Honda’s U.S.-listed shares rose sharply after the company said it was in talks about a combination with Nissan in a deal that could also include Mitsubishi Motors. Eli Lilly rose after announcing that regulators approved Zepbound as the first prescription medicine for adults with sleep apnea. Treasury yields rose in the bond market. On Monday: The S&P 500 rose 43.22 points, or 0.7%, to 5,974.07. The Dow Jones Industrial Average rose 66.69 points, or 0.2%, to 42,906.95. The Nasdaq composite rose 192.29 points, or 1%, to 19,764.89. The Russell 2000 index of smaller companies fell 4.93 points, or 0.2%, to 2,237.44. For the year: The S&P 500 is up 1,204.24 points, or 25.2%. The Dow is up 5,217.41 points, or 13.8%. The Nasdaq is up 4,753.53 points, or 31.7%. The Russell 2000 is up 210.36 points, or 10.4%.ICE Looking for New Detention Center in California Despite Democratic OppositionIn big shift to shelter system, Healey will seek six-month limit on stays and phase out hotels
James, Quigley and Hayes combine for 59 points as No. 20 NC State women beat Coastal Carolina 89-68Committee issues Gaetz report
BOONE, N.C. (AP) — South Carolina offensive coordinator Dowell Loggains has been hired as head coach at Appalachian State and will receive a five-year contract, athletic director Doug Gillin announced Saturday. The 44-year-old Loggains replaces Shawn Clark, who was fired Monday after the Mountaineers finished 5-6 for their first losing season since 2013. Loggains was South Carolina's offensive coordinator for two seasons and an assistant at Arkansas, his alma mater, for two seasons before that. He spent 16 years in the NFL as offensive coordinator and quarterbacks coach for Tennessee, Cleveland, Chicago, Miami and the New York Jets. “He brings experience as a leader and play-caller at the highest levels of professional and college football," Gillin said. "He is a great recruiter and believes strongly in building relationships. He is aligned with our core values of academic integrity, competitive excellence, social responsibility and world-class experience. This is a great day for App State.” Loggains' offense at South Carolina featured LaNorris Sellers, one of the nation's top dual-threat quarterbacks, and running back Raheim “Rocket” Sanders. Sellers and Sanders led the Southeastern Conference's third-ranked rushing offense. Loggains spent the 2021 and 2022 seasons as Arkansas' tight ends coach, and he worked with Sam Darnold, Jay Cutler, Mitchell Trubisky, Brian Hoyer and Vince Young during his time in the NFL. The Mountaineers, the preseason favorites in the Sun Belt Conference's East Division, tied for fifth with a 3-5 record in league play. App State was 40-24 under Clark, but the Mountaineers have failed to reach a bowl game two of the past three seasons. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-footballNanjing, China, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Ostin Technology Group Co., Ltd. ("the Company") (Nasdaq: OST), a leading supplier of display modules and polarizers based in China, today announced that it has resolved to effect a reverse share split of the Company’s ordinary shares, with the split ratio set at 1-for-10 (the “The Reverse Share Split”). The Reverse Share Split was approved by the Company’s shareholders at an extraordinary general meeting held on November 25, 2024. The Company’s Class A ordinary shares will begin trading on an adjusted basis, reflecting the Reverse Share Split, on December 26, 2024, under the existing ticker symbol “OST.” The new CUSIP number for the Company’s Class A ordinary shares will be G67927114. Upon the effectiveness of the Reverse Share Split, every ten shares of the Company’s issued and outstanding Class A ordinary shares as of the effective date will automatically be combined into one Class A ordinary share. This adjustment will reduce the total number of outstanding Class A ordinary shares of the Company from approximately 18.1 million to approximately 1.81 million. In conjunction with the Reverse Share Split, the Company also amended its Memorandum of Association to proportionately reduce the number of authorized shares for issuance and to adjust the par value of the post-reverse share split ordinary shares to $0.001 per share. The Reverse Share Split is part of the Company’s efforts to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) related to the minimum bid price of at least $1.00 per share of the Company’s ordinary shares. No fractional shares will be issued; instead, shareholders who would otherwise be entitled to a fractional share will have their entitlement rounded up to the nearest whole share. Further details regarding the reverse share split and the associated changes to the Company’s share capital can be found in the Company’s notice of extraordinary general meeting, filed with the Securities and Exchange Commission on November 8, 2024. About Ostin Technology Group Co., Ltd. Founded in 2010, the Company is a supplier of display modules and polarizers in China. The Company designs, develops, and manufactures TFT-LCD display modules in a wide range of sizes and customized sizes which are mainly used in consumer electronics, outdoor LCD displays, and automotive displays. The Company also manufactures polarizers used in the TFT-LCD display modules. For more information, please visit http://ostin-technology.com/index.html Forward-Looking Statement This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, underlying assumptions, and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's forecast on market trends; the Company's future business development; the demand for and market acceptance for new products; expectation to receive customer orders for new products; the anticipated timing for the marketing and sales of new products; changes in technology; the Company's ability to attract and retain skilled professionals; client concentration; and general economic conditions affecting the Company's industry and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov . The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. For more information, please contact: Ostin Technology Group Co., Ltd. ir@austinelec.com Investor Relations: Janice Wang Wealth Financial Services LLC Phone: +86 13811768599 +1 628 283 9214 Email: services@wealthfsllc.comRourke 2.0: Nathan’s brother Kurtis named NCAA’s top Canadian