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2025-01-19
The costs associated with anti-money laundering (AML) regulations start with integrating and deploying systems that carry out identity verification and other checks during customer onboarding, and end with fines in cases of non-compliance. But the processes in between can be a million-dollar problem without the right screening technology, according to a case study presented in a blog post. A client turned to Socure to help it strengthen its compliance program after discovering it had accumulated a backlog of 700,000 politically exposed persons (PEP) alerts. PEP checks are performed as part of AML due diligence. In the case of an alert, a manual review is triggered. Socure describes the client as a “leading investment platform,” and says it estimated the price of clearing its PEP alert backlog at $1 million. The for a money service business in the UK in fiscal 2022-2023 was $1.9 million. “It’s a delicate balance,” a chief compliance officer . “You need to catch every true PEP, but you can’t tie up your entire team chasing false positives. Each alert takes time, resources, and skilled analysts to review.” The $1 million price tag was calculated based on an estimate that would take 28,000 hours of labor by consultants paid $50 an hour (which actually comes out to $1.4 million, but maybe a bulk discount could be applied). Instead, with Socure’s technology, the company was able to reduce the number of hours it needed to hire consultants for to 571. At $50 per hour, that’s a much more manageable $28,550. The rest were false positives, identified by Socure for a reduction of 99.76 percent. Socure’s watchlist solution applies a neural network to identify connections the client’s legacy system had missed, according to the post, like spotting different spellings of the same person’s name. The company also recounts discovering five identities all being used at one financial institution by the same PEP. The software includes granular search policies, watch lists, score thresholds and filtering criteria, and Socure says its AI model continuously learns from the screenings it carries out. | | | |8k8 free to 88

With the holiday shopping season in full swing, Bronx District Attorney Darcel Clark is calling on elected officials and business leaders to reassess how cannabis offenses and retail theft are prosecuted, warning that current laws fail to protect Bronx communities. In a Dec. 6 letter addressed to 12 local Business Improvement District (BID) leaders and elected officials, Clark argued that existing laws are too lenient, enabling crimes that harm small businesses. Clark argued that Bronx small businesses are fighting a losing battle against types of crime that pose a serious threat to their livelihood. The current laws “do not provide adequate protection for our community,” she said in the letter. The Bronx Times reached out to several recipients and is awaiting a response. When it comes to cannabis, Clark said the state’s Marijuana Regulation and Taxation Act of 2021 — aimed at reducing mass incarceration that has disproportionately affected Black and brown people — left a loophole that “[makes] it virtually impossible to prosecute any illegal cannabis possession and sale.” The loophole comes from the current law’s use of “pure weight” instead of “aggregate weight” in measuring cannabis. “Aggregate weight” includes the entire amount of cannabis seized by authorities, which could include fillers, as explained by a DA spokesperson. “Pure weight,” which is more difficult to quantify, only measures the amount that contains the high-inducing chemical THC. For instance, a bag of cannabis that includes stems and seeds would combine for the “aggregate weight.” Amid Bronx officials’ efforts to clamp down on illegal smoke shops, prosecuting under the current “pure weight” standard has let too many illegal cannabis dealers off the hook, in Clark’s view. She pointed to two Brooklyn cases dismissed because of the difference in standard and said she anticipates that the same will happen in the Bronx. Current laws may need to be tweaked to ensure that cannabis seized from unlicensed shops can be prosecuted, she said. ‘Collateral consequences’ Clark said retail theft is another “significant problem” because too many offenders are released and go on to commit more crimes. While 2020 reforms to bail and discovery laws were well-intended at righting some past wrongs in the criminal justice system, some had “collateral consequences,” said Clark. “Whether it’s the result of judges choosing not to set bail for offenses that involve harm to property, or because of the timeline and volume of discovery, retail theft is still a real problem,” said Clark. The DA’s letter said that hardworking local entrepreneurs are unfairly threatened by these issues and that she looks forward to “These business owners pay high rents, work long hours, and struggle to remain economically viable due in large part to illegal activities in surrounding areas,” said Clark. Reach Emily Swanson at eswanson@schnepsmedia.com or (646) 717-0015. For more coverage, follow us on Twitter, Facebook and Instagram @bronxtimesWayfair CEO Niraj Shah sells $1.27 million in stock

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without a care in the world is the best way to ring in 2025. or signup to continue reading But if you need something, . Here are the opening hours for major stores, supermarkets and bottleshops in each Australian state and territory so you're well-stocked to greet the new year. Kmart stores open between 7am and 9am on New Year's Eve and will close, depending on the store, between 6pm and 10pm. Normal trading hours apply for 24-hour stores. Slightly reduced trading hours apply to some stores on New Year's Day and . Coles supermarkets are open on New Year's Eve and New Year's Day with normal trading hours. Opening and closing times may differ from normal at some stores but individual store trading hours are , Coles said. All Woolworths supermarkets are open until the end of the year and on New Year's Day. Individual store opening hours may change and the supermarket encourages customers to check the . All stores will have reduced trading hours on 31 December and 1 January 2025, ALDI said. Dan Murphy's stores are open on New Year's Eve from 9am to 9pm. On New Year's Day stores are open from 10am to 7pm All BWS stores are open with normal trading hours on New Year's Eve. BWS said some stores may extend their opening hours on December 31. Stores are open on New Year's Day with public holiday trading hours. Normal trading hours apply for all First Choice Liquor Market stores on New Year's Eve and New Year's Day. Some trading hours may vary from store to store and , First Choice Liquor Market said. Liquorland stores are open on New Year's Eve and New Year's Day with normal trading hours. Liquorland said that although trading hours may differ from normal at some stores, individual store trading hours are . Vintage Cellars stores are open through the end of the year and into 2025 with normal trading hours on New Year's Eve and New Year's Day. Some opening and closing hours may differ between stores but the , the liquor store said. Kmart stores open between 7am and 9am on New Year's Eve and will close, depending on the store, between 6pm and 10pm. Normal trading hours apply for 24-hour stores. Slightly reduced trading hours apply to some stores on New Year's Day and . Coles supermarkets are open on New Year's Eve and New Year's Day with normal trading hours. Opening and closing times may differ from normal at some stores but individual store trading hours are , Coles said. All Woolworths supermarkets are open until the end of the year and on New Year's Day. Individual store opening hours may change and the supermarket encourages customers to check the . All stores will have reduced trading hours on 31 December and 1 January 2025, ALDI said. Dan Murphy's stores are open on New Year's Eve from 9am to 9pm. On New Year's Day stores are open from 10am to 7pm All BWS stores are open with normal trading hours on New Year's Eve. BWS said some stores may extend their opening hours on December 31. Stores are open on New Year's Day with public holiday trading hours. Normal trading hours apply for all First Choice Liquor Market stores on New Year's Eve and New Year's Day. Some trading hours may vary from store to store and , First Choice Liquor Market said. Liquorland stores are open on New Year's Eve and New Year's Day with normal trading hours. Liquorland said that although trading hours may differ from normal at some stores, individual store trading hours are . Vintage Cellars stores are open through the end of the year and into 2025 with normal trading hours on New Year's Eve and New Year's Day. Some opening and closing hours may differ between stores but the , the liquor store said. Kmart stores open between 7am and 9am on New Year's Eve and will close, depending on the store, between 6pm and 10pm. Normal trading hours apply for 24 hour stores. Slightly reduced trading hours apply to some stores on New Year's Day and . Coles supermarkets are open on New Year's Eve and New Year's Day with normal trading hours. Opening and closing times may differ from normal at some stores but individual store trading hours are , Coles said. All Woolworths supermarkets are open until the end of the year and on New Year's Day. Individual store opening hours may change and the supermarket encourages customers to check the . All stores will have reduced trading hours on 31 December and 1 January 2025, ALDI said. Dan Murphy's stores are open on New Year's Eve from 9am to 9pm. On New Year's Day stores are open from 10am to 7pm All BWS stores are open with normal trading hours on New Year's Eve. BWS said some stores may extend their opening hours on December 31. Stores are open on New Year's Day with public holiday trading hours. Normal trading hours apply for all First Choice Liquor Market stores on New Year's Eve and New Year's Day. Some trading hours may vary from store to store and , First Choice Liquor Market said. Liquorland stores are open on New Year's Eve and New Year's Day with normal trading hours. Liquorland said that although trading hours may differ from normal at some stores, individual store trading hours are . Vintage Cellars stores are open through the end of the year and into 2025 with normal trading hours on New Year's Eve and New Year's Day. Some opening and closing hours may differ between stores but the , the liquor store said. Kmart stores open between 7am and 9am on New Year's Eve and will close, depending on the store, between 6pm and 10pm. Normal trading hours apply for 24 hour stores. Slightly reduced trading hours apply to some stores on New Year's Day and . Coles supermarkets are open on New Year's Eve and New Year's Day with normal trading hours. Opening and closing times may differ from normal at some stores but individual store trading hours are , Coles said. All Woolworths supermarkets are open until the end of the year and on New Year's Day. Individual store opening hours may change and the supermarket encourages customers to check the . Dan Murphy's stores are open on New Year's Eve from 9am to 9pm. On New Year's Day stores are open from 10am to 7pm All BWS stores are open with normal trading hours on New Year's Eve. BWS said some stores may extend their opening hours on December 31. Stores are open on New Year's Day with public holiday trading hours. Liquorland stores are open on New Year's Eve and New Year's Day with normal trading hours. Liquorland said that although trading hours may differ from normal at some stores, individual store trading hours are . Kmart stores open between 7am and 9am on New Year's Eve and will close, depending on the store, between 6pm and 10pm. Normal trading hours apply for 24 hour stores. Slightly reduced trading hours apply to some stores on New Year's Day and . Stores in Firle, Tea Tree, Munno Para, Ingle Farm, Kurralta Park, West Lakes, Port Noarlunga, Marion and Churchill are closed on New Year's Day. Adelaide metro stores are open on New Year's Eve but close on New Year's Day. Adelaide's Rundle Place supermarket is the exception, opening from 11am to 5pm. Supermarkets in Berri, Mount Barker, Mount Gambier, Murray Bridge Green, Port Augusta, Port Lincoln, Port Pirie, Victor Harbor and Whyalla are open from 8am to 8pm on New Year's Day. Opening and closing times may differ from normal at some stores but individual store trading hours are , Coles said. All regional Woolworths supermarkets are open until the end of the year and on New Year's Day. However the Millicent store and metropolitan stores are closed on January 1. Individual store opening hours may change and the supermarket encourages customers to check the . All stores will have reduced trading hours on 31 December and 1 January 2025, ALDI said. Some stores in SA will close on 1 January 2025. Dan Murphy's stores are open on New Year's Eve from 9am to 9pm. On New Year's Day stores are open from 10am to 7pm All BWS stores are open with normal trading hours on New Year's Eve. BWS said some stores may extend their opening hours on December 31. Stores are open on New Year's Day with public holiday trading hours. Liquorland stores are open on New Year's Eve and New Year's Day with normal trading hours. Liquorland said that although trading hours may differ from normal at some stores, individual store trading hours are . Kmart stores open between 7am and 9am on New Year's Eve and will close, depending on the store, between 6pm and 10pm. Normal trading hours apply for 24 hour stores. Slightly reduced trading hours apply to some stores on New Year's Day and . Coles supermarkets are open on New Year's Eve and New Year's Day with normal trading hours. Opening and closing times may differ from normal at some stores but individual store trading hours are , Coles said. All Woolworths supermarkets are open until the end of the year and on New Year's Day. However the Northam store is closed on January 1. Individual store opening hours may change and the supermarket encourages customers to check the . All stores will have reduced trading hours on 31 December and 1 January 2025, ALDI said. Dan Murphy's stores are open on New Year's Eve from 9am to 9pm. On New Year's Day stores are open from 10am to 7pm All BWS stores are open with normal trading hours on New Year's Eve. BWS said some stores may extend their opening hours on December 31. Stores are open on New Year's Day with public holiday trading hours. Normal trading hours apply for all First Choice Liquor Market stores on New Year's Eve and New Year's Day. Some trading hours may vary from store to store and , First Choice Liquor Market said. Most Liquorland stores are open on New Year's Eve and New Year's Day with normal trading hours. Stores in Byford, Belmont, Trinity, Raine Square, Erskine, Altone Park, Bunbury, Gosnells and Geraldton Bluff Point are closed on New Year's Day. Liquorland said that although trading hours may differ from normal at some stores, individual store trading hours are . Vintage Cellars stores are open through the end of the year and into 2025 with normal trading hours on New Year's Eve and New Year's Day. Some opening and closing hours may differ between stores but the , the liquor store said. Kmart stores open between 7am and 9am on New Year's Eve and will close, depending on the store, between 6pm and 10pm. Normal trading hours apply for 24 hour stores. Slightly reduced trading hours apply to some stores on New Year's Day and . Coles supermarkets are open on New Year's Eve and New Year's Day with normal trading hours. Opening and closing times may differ from normal at some stores but individual store trading hours are , Coles said. All Woolworths supermarkets are open until the end of the year and from 8am to 8pm on New Year's Day. However the Gove store opens at 9am and closes at 5pm on January 1. Individual store opening hours may change and the supermarket encourages customers to check the . All BWS stores are open with normal trading hours on New Year's Eve. BWS said some stores may extend their opening hours on December 31. Stores are open on New Year's Day with public holiday trading hours. Liquorland stores are open on New Year's Eve and New Year's Day with normal trading hours. Liquorland said that although trading hours may differ from normal at some stores, individual store trading hours are . Vintage Cellars stores are open through the end of the year and into 2025 with normal trading hours on New Year's Eve and New Year's Day. Some opening and closing hours may differ between stores but the , the liquor store said. Kmart stores open between 7am and 9am on New Year's Eve and will close, depending on the store, between 6pm and 10pm. Normal trading hours apply for 24 hour stores. Slightly reduced trading hours apply to some stores on New Year's Day and . Coles in Goondiwindi, Mt Isa and Ayr are closed on December 29, the supermarket said. Coles supermarkets are open on New Year's Eve and New Year's Day with normal trading hours. Opening and closing times may differ from normal at some stores but individual store trading hours are , Coles said. All Woolworths supermarkets are open until the end of the year and on New Year's Day. Individual store opening hours may change and the supermarket encourages customers to check the . All stores will have reduced trading hours on 31 December and 1 January 2025, ALDI said. Dan Murphy's stores are open on New Year's Eve from 9am to 9pm. On New Year's Day stores are open from 10am to 7pm All BWS stores are open with normal trading hours on New Year's Eve. BWS said some stores may extend their opening hours on December 31. Stores are open on New Year's Day with public holiday trading hours. Normal trading hours apply for all First Choice Liquor Market stores on New Year's Eve and New Year's Day. Stores in Milton Village and Red Hill are closed on New Year's Day. Some trading hours may vary from store to store and , First Choice Liquor Market said. Most Liquorland stores are open on New Year's Eve and New Year's Day with normal trading hours. The Red Hill and Milton Village shops are closed on New Year's Day. Liquorland said that although trading hours may differ from normal at some stores, individual store trading hours are . Vintage Cellars stores are open through the end of the year and into 2025 with normal trading hours on New Year's Eve and New Year's Day. Some opening and closing hours may differ between stores but the , the liquor store said. Anna Houlahan reports on crime and social issues affecting regional and remote Australia in her role as national crime reporter at Australian Community Media (ACM). She was ACM’s Trainee of the Year in 2023 and, aside from reporting on crime, has travelled the country as a journalist for Explore Travel Magazine. Reach out with news or updates to anna.houlahan@austcommunitymedia.com.au Anna Houlahan reports on crime and social issues affecting regional and remote Australia in her role as national crime reporter at Australian Community Media (ACM). She was ACM’s Trainee of the Year in 2023 and, aside from reporting on crime, has travelled the country as a journalist for Explore Travel Magazine. Reach out with news or updates to anna.houlahan@austcommunitymedia.com.au DAILY Today's top stories curated by our news team. 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pg // Georgia Democrats map out postelection strategy after Trump’s winBatch Control Meter Market Driven by Demand for Immersive Technologies Across Industries 11-23-2024 12:16 AM CET | Advertising, Media Consulting, Marketing Research Press release from: Verified Industry Insights Batch Control Meter Market Global Batch Control Meter Market Impact of AI and Automation The batch control meter market is experiencing steady growth, driven by rising demand for precise fluid measurement and control across industries such as chemicals, food and beverages, and pharmaceuticals. The increasing emphasis on automation in manufacturing processes is a key factor propelling the adoption of advanced batch control meters. Additionally, stringent regulatory standards for accurate measurement in critical applications are further driving market expansion. Technological advancements, including the integration of digital interfaces and IoT connectivity, are enhancing the efficiency and accuracy of these devices, making them indispensable for modern industrial operations. Emerging markets in Asia-Pacific and Latin America, supported by rapid industrialization and infrastructure development, are providing significant growth opportunities. As industries continue to prioritize efficiency and accuracy, the batch control meter market is poised for sustained growth. The batch control meter market is shaped by several dynamic factors, including technological innovation and industry-specific requirements for precision and reliability. The growing need for seamless integration with automated systems has led to the development of advanced digital meters with features such as remote monitoring and data analytics. However, challenges such as high initial costs and the complexity of integrating these systems with existing infrastructure may hinder adoption. Environmental concerns and regulatory compliance requirements are encouraging manufacturers to focus on energy-efficient and eco-friendly designs. Additionally, fluctuations in raw material costs and intense competition among market players influence pricing strategies. Despite these challenges, the increasing demand for robust and accurate measurement solutions across diverse industries ensures continued innovation and expansion in the batch control meter market. The Batch Control Meter Market size was valued at $2.5 billion in 2023 and is projected to reach $4.5 billion by 2033, growing at a CAGR of 6.1% from 2024 to 2033. This report includes various market segments and analyzes the key trends and factors influencing market growth.. The growth is being attributed to increasing demand in different sectors, Batch Control Meter technological advancement, and changing habits of consumers and industry towards sustainable and efficient technologies. Request PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart)@ https://www.verifiedindustryinsights.com/download-sample/1296301/?utm_source=OpenPr&utm_medium=072 Key Players in theBatch Control Meter Market Emerson Electric Co. Siemens AG Honeywell International Inc. Endress+Hauser AG KROHNE Group Yokogawa Electric Corporation Brooks Instrument LLC Azbil Corporation Badger Meter Inc. Aalborg Instruments Inc. Parker Hannifin Corporation Global Batch Control Meter Market Segmentation: Batch Control Meter Market by Type Electronic Batch Control Meters Mechanical Batch Control Meters Batch Control Meter Market by Application Chemical Industry Oil & Gas Food & Beverage Pharmaceuticals Water & Wastewater Treatment Batch Control Meter Market by End User Industrial Commercial Residential Market Segmentation Dynamics of Batch Control Meter Market: The global Batch Control Meter market comprises numerous types, each targeting specific market demands. More types that are familiar to the customers are, hardware, software and service based solutions. Hardware solutions comprise tangible goods that include sensors, devices and components for power applications. Software solutions aid in improving functions by automating systems, analyzing data and integrating artificial intelligence to make systems more functional and efficient. Service based offering include providing support, running maintenance and offering consultancy services to ensure that Batch Control Meter systems are able to operate optimally and provide satisfactory value over time. All these segments combine to satisfy customer needs with these different types of helping in growth of global Batch Control Meter market. Global Usage of Batch Control Meter: Businesses, consumers, and governmental bodies use the Batch Control Meter resources within the respective jurisdictions. Batch Control Meter products are incorporated into businesses operating in manufacturing, retail, healthcare, and other industries to increase efficiency, reduce costs, and boost performance. The consumers' needs are evolving due to changing lifestyles, new technologies, and growing demand for easy solutions. At the same time, Batch Control Meter are employed by the governments to sustain the public order, construct and develop infrastructure, and provide better services. Different end-user groups use products for different purposes which determine the development of products and trends in the market. Firms which are able to meet the diverse demands of the end-users stand a good chance to prosper in the competitive landscape of the Batch Control Meter sector. Global Market by Region: North America Europe Asia-Pacific Latin America Middle East & Africa The Batch Control Meter market at the global level depicts notable regional differences wherein North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa all to overall growth. North America has the highest level of technology use and is continually supported by the demands of healthcare, automotive and industrial. Europe has inbuilt objectives of sustainability, compliance with regulations and advances in automotive and energy industries. Asia-Pacific is projected to be the fastest region driven mainly by industrialization, middle class growth and technology investment. Latin America and the Middle East and Africa are considered as new markets with potential growth for infrastructures and adoption of technology. It is essential to appreciate these regional aspects and their interrelations in order to formulate appropriate growth strategies for the Batch Control Meter market. Receive a Discount By Purchasing This Report @ https://www.verifiedindustryinsights.com/ask-for-discount/1296301/?utm_source=OpenPr&utm_medium=072 Frequently Asked Questions (FAQ) on the Global Batch Control Meter Market promotion Q. What is the growth forecast of the global Batch Control Meter market? A. The Batch Control Meter Market size was valued at $2.5 billion in 2023 and is projected to reach $4.5 billion by 2033, growing at a CAGR of 6.1% from 2024 to 2033. This report includes various market segments and analyzes the key trends and factors influencing market growth.. It is obvious that demand for Batch Control Meter products will grow in the future as global markets expand. Factors such as rising consumer demand, technological advancements, and increasing industrial applications are fueling the market's expansion. As businesses and industries seek out possible advancement in operational efficiency and customized goods, the market's stable CAGR is expected to be witnessed. Q. Which regions have been influential in creating the need for Batch Control Meter in the countries that they operate in? A. Batch Control Meter's growth in volume has been derived mainly from Asia-Pacific primarily due to - accelerated industrial growth, urban expansion, and technological enhancement. This is closely followed by North America which will primarily be driven by technology enhancement and high consumption. Europe also remains a key market contributing towards Batch Control Meter demand fueled by the increasing trend towards innovative solutions sustainability. South America and Middle eastern and African regions too are increasingly becoming targets with awakening demand from infrastructures development and expanding industries. Q: What are the primary forces impacting the global Batch Control Meter industry? A: The expansion of the global Batch Control Meter market is mainly determined by technical advancement, transformation of customer requirements, and the growing requirement for efficiency across different regions. The infusion of advanced technologies like AI, automation, and IoT is improving the capability of products and creating new opportunities. Also, the trend towards greener approaches, the accompanying regulatory environment, and the rising adoption of Batch Control Meter in the developing economies are some major trends that are expected to influence the market. Q: Who dominates the global Batch Control Meter market? A: The global Batch Control Meter marketplace has matured companies as well as new innovators. The best companies have established excellence in marketing, have a wide range of products and are innovative. These companies are focused on upgrading their products and services, increasing their research and development activities as well as branching out into other core areas for regulatory advantages. Mergers and acquisitions are also part of the strategies that the top players deploy to ensure their success in the market. Q: In what manner are technologies supporting the growth of Batch Control Meter industry? A: Technology is revolutionizing the global Batch Control Meter industry by enhancing the features of products, increasing the efficiency of operations and creating new market opportunities. With the use of advanced technologies like AI, machine learning, automation, the production processes are being made more efficient, costs are being lowered and quality is increasing. The Internet of Things (IoT) also adds to the functionality and connectivity of products, resulting in more value for customers. There is also the emergence of digital transformation and data analytics enabling the businesses to understand their customers more comprehensively and thereby adjust their offers and marketing. Technology is enabling organizations to develop faster and better address the challenges in the market that is perpetually changing. 🔍 For More Information or Query, Visit @ https://www.verifiedindustryinsights.com/report/global-batch-control-meter-industry/?utm_source=OpenPr&utm_medium=072 Categorized Industrial Automation and Machinery: Control Systems The Global Batch Control Meter Market which is within the scope of Industrial Automation and Machinery and further divided into specific structures under Control Systems has been growing tremendously with the increase in demand for new solutions and improvements. This market contains a large portfolio of applications and products to serve the various demands in the industry. With companies increasing the need to be efficient and productive, global Batch Control Meter Market has the potential to grow even further with a healthy outflow of money towards R&D. In addition, the increased demand for sustainability and regulatory measures are also altering the change in focus for the firms, encouraging them to develop green solutions. However, perhaps the most exciting development has been the emergence of a large number of new market participants, as well as existing ones who have an established presence in the industry. The market seems to have plenty of opportunities that stoke the growth and trends well enough to cater to the demand. 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Our primary cause is to enhance our clients through the delivery of a wide range of analytical research modalities that assist with strategic decision making as well as enhancing sustainable development to those clients. Since our establishment, we have experienced analysts and subject matter experts (SMEs) whose responsibilities include analyzing the market trends and competitive forces. In any and all research endeavors, when clients' needs come first, we strive to employ best practices in the industry while constantly being innovative and bold. We work with sectors such as health care, technology, finance, manufacturing and energy and customise our reports per sector. All in all, the aim of Verified Industry Insights is to aid organizations fuse through complex networks or landscapes in business and attain their goals or targeted objectives. Get in Touch with Us Mr. Edwyne Fernandes Verified Industry Insights Tel: +1 743 222 5439 This release was published on openPR.After Juan Soto's megadeal, could MLB see a $1 billion contract? Probably not soon

Bitcoin on steroids: Shares in MicroStrategy are up fivefold in a year but its boss once lost $6bn in a day - so should you invest? By PATRICK TOOHER Updated: 22:07 GMT, 19 December 2024 e-mail View comments For an asset that has spent most of its short, chequered life lurking in the shadows of the financial system it was perhaps fitting that bitcoin broke through the $100,000 barrier for the first time in the dead of night. The flagship cryptocurrency which has been favoured by drug dealers and money launderers surged past the milestone just after 2.45am on December 5, and this week hit a new high of $108,379. Its huge advance has made some investors willing to turn a blind eye to the risks, and millions have been piling in. But it is not just crypto itself that has been soaring. Shares in MicroStrategy, a US company that is essentially a turbocharged bet on bitcoin, have risen by more than 550 per cent in the past year. That makes them one of the best performers on the US stock market – and British private investors have stampeded in, despite the considerable risks. MicroStrategy was the most-bought share in November, according to Interactive Investor, the UK’s second-biggest investment platform. Controversial: MicroStrategy was founded by Michael Saylor (pictured) a tech entrepreneur whose 10% stake in MicroStrategy is worth $9bn on paper The company was founded by Michael Saylor, 59, a controversial tech entrepreneur whose 10 per cent stake in MicroStrategy is worth $9billion (£7.2billion) on paper. So, is buying these shares a route to get rich quick – or the road to ruin? Traded around the clock every day, bitcoin has soared by 50pc since Donald Trump’s US presidential election win. His return to the White House has fuelled hopes among bitcoin believers that he will usher in an era of light-touch regulation, which would be great for crypto. Trump, who once slammed bitcoin as a ‘scam’, has nominated crypto cheerleader Paul Atkins to lead the Securities and Exchange Commission (SEC), which oversees US stock markets and protects investors. Think foxes and hen coops. Bitcoin and other cryptocurrencies may be about to enter the financial mainstream. RELATED ARTICLES Previous 1 Next Barbarians are at the gate: LSE bosses must do more to stop... UK faces swarm of takeover bids in the new year: One in... Share this article Share HOW THIS IS MONEY CAN HELP How to choose the best (and cheapest) stocks and shares Isa and the right DIY investing account Even so, bitcoin – created in 2008 – has no intrinsic value and for years was shunned by conventional investors who baulked at the wild swings in price. It is notorious for volatility, and other risks associated with crypto, including fraud and scams. Trump has changed all that. He has declared himself a ‘crypto president’ and promised to consider creating a ‘strategic reserve’ of bitcoins for the US government, which could boost prices even further. This has not gone unnoticed here. Some 7m people – 12 per cent of the UK’s adult population – now own some crypto assets, according to recent figures from the City watchdog the Financial Conduct Authority. Saylor once lost $6billion (£4.8billion) on paper in a day at the height of dotcom mania in 2000 after MicroStrategy restated two years of revenue. The billionaire tech tycoon and two colleagues were fined and agreed a $8.3million (£6.6million) settlement with the SEC without admitting any wrongdoing. Earlier this year, he and MicroStrategy agreed to pay $40million (£32million) to settle a tax fraud lawsuit. A graduate of the Massachusetts Institute of Technology, since 2020 Saylor has transformed what was a struggling data analytics firm with a share price going nowhere fast into what one banking expert calls a ‘bitcoin-buying juggernaut’. MicroStrategy is the largest corporate holder in the world of bitcoins. It owns nearly 2pc of the digital currency in circulation, but it wants more. Much more. The company is now valued at more than $90billion (£71.9billion). Remarkably, that is more than twice the value of all the bitcoins it owns. How so? The short answer is leverage, or the art of ramping up returns by buying assets with borrowed money. The catch is that risks are also amplified, but bitcoin groupies don’t want to hear about that. Saylor plans to raise $42billion (£33.5billion) in the next three years to buy even more bitcoin. He plans to do this by borrowing money and issuing more shares. Rough day: Saylor once lost $6bn on paper in a day at the height of dotcom mania in 2000 after MicroStrategy restated two years of revenue It works like this: MicroStrategy issues new shares at current high values to investors. At the same time, it issues bond – basically IOUs – to hedge funds and other market operators. One twist is that it pays zero interest on these bonds, which after a period can be exchanged for MicroStrategy shares, so it is costing the company nothing to borrow the cash. The hedgies and others buying the bonds and lending money to Saylor for free are, in essence, making a bet that MicroStrategy shares will go up enough to compensate them for missing out on interest payments. As for the company, it uses the money it has raised by selling its shares and bonds to buy more bitcoin. This sends the price up, which lifts MicroStrategy’s share price even further. That then means it can sell more of its shares and bonds off this higher price to buy even more bitcoins. And so the rinse-and-repeat cycle continues. The catch, of course, is that a fall in bitcoin’s value could bring the whole merry-go-round to a crashing halt. Buying bitcoin usually involves using offshore exchanges such as Coinbase and Binance which are not authorised in the UK, so savers have no protection. Individuals can buy shares in MicroStrategy easily through an investment platform, but the risks are if anything even higher because the company’s strategy of buying bitcoin with borrowed money juices its gains but also deepens any losses. A bet on its shares could go badly wrong if the extraordinary rally in bitcoin and other digital currencies goes into reverse – so don’t invest any cash you cannot afford to lose. This is what happened in 2022 when Sam Bankman-Fried’s crypto exchange FTX collapsed, dragging the price of bitcoin below $16,000 and plunging MicroStrategy into hefty losses. Experts have warned that the latest hike in MicroStrategy’s share price is just another speculative bubble that is bound to burst. ‘It’s symptomatic of a market that has become obsessed with believing in get-rich-quick schemes,’ said David Trainer, chief executive of research firm New Constructs. ‘If you like bitcoin, go buy bitcoin. But don’t invest in a company that’s losing money and also buying bitcoin, because then you’ve sort of doubled your risk,’ he told the Wall Street Journal. Saylor argues that because there is a ceiling on the number of bitcoin that can ever be produced, demand will exceed supply and the price will inevitably rise, albeit with fluctuations. Like gold, the perceived value of the crypto currency comes from its limited availability. Bitcoin’s computer algorithm sets a fixed limit of 21m coins, most of which have already been ‘mined’ or digitally created. ‘It is the only commodity invented in the history of the human race that is absolutely capped so that means you can expect it to keep going up,’ Saylor told CNBC news recently. The value of all bitcoins in circulation is $2trillion (£1.6trillion) – more than the combined worth of all but the biggest companies in the FTSE 100 index. Investment heavyweights BlackRock and Fidelity now offer bitcoin exchange-traded funds in the US, though not yet in the UK. All of which means that if it collapses again, then the global financial system may not be immune either. It would also drag MicroStrategy down with it. ‘It could be a giant house of cards that will crush many shareholders when it crashes,’ says Trainer. ‘It has become a game of musical chairs – you play until the music stops and you just hope you can get out before the crash.’ DIY INVESTING PLATFORMS AJ Bell AJ Bell Easy investing and ready-made portfolios Learn More Learn More Hargreaves Lansdown Hargreaves Lansdown Free fund dealing and investment ideas Learn More Learn More interactive investor interactive investor Flat-fee investing from £4.99 per month Learn More Learn More Saxo Saxo Get £200 back in trading fees Learn More Learn More Trading 212 Trading 212 Free dealing and no account fee Learn More Learn More Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence. Compare the best investing account for you Share or comment on this article: Bitcoin on steroids: Shares in MicroStrategy are up fivefold in a year but its boss once lost $6bn in a day - so should you invest? e-mail Add comment Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.

First Title 17 battery loan guarantee to be funded under the current administration after an application and approval process that began in January 2021 TURTLE CREEK, Pa., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) ("Eos" or the "Company”), America's leading innovator in the design, sourcing, and manufacturing of zinc-based long duration energy storage (LDES) systems, manufactured in the United States, today announced that it has received the first loan advance from the Department of Energy's (DOE) Loan Programs Office in the amount of $68.3 million. The loan advance, which covers 80% of eligible costs incurred to date on the Mon Valley Works expansion project, represents the maximum allowable amount under the program at this time. The loan advance covers both capital expenditures and project associated operating expenses incurred as part of the Company's production expansion plans related to Project AMAZE in the Mon Valley Works. These funds support Eos' ongoing efforts to enhance its operational capacity and further its strategic growth objectives. "Our first state-of-the-art manufacturing line has been operational since June 2024, and this funding is a significant milestone towards expanding our manufacturing capacity and being able to procure line 2,” said Nathan Kroeker, Eos Chief Financial Officer. "The loan proceeds from the DOE, coupled with our strategic partnership and investment from Cerberus Capital Management, facilitates our growth plans to capitalize on the growing need for long duration energy storage solutions.” This announcement comes on the heels of 616 MWh in new customer orders and an announced partnership with FlexGen to address a preliminary 50 GWh market opportunity, highlighting the growing demand for American-made long duration energy storage. About Eos Eos Energy Enterprises, Inc. is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. Our breakthrough ZnythTM aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. Safe, scalable, efficient, sustainable-and manufactured in the U.S-it's the core of our innovative systems that today provide utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 3- to 12-hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey. For more information about Eos (NASDAQ: EOSE), visit eose.com . Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our expected revenue, contribution margins, orders backlog and opportunity pipeline for the fiscal year ended December 31, 2024, our path to profitability and strategic outlook, the tax credits available to our customers or to Eos pursuant to the Inflation Reduction Act of 2022, the delayed draw term loan with Cerberus, milestones thereunder and the anticipated use of proceeds therefrom, the DOE loan and statements regarding the receipt of funds under the DOE loan and the anticipated use of proceeds therefrom, obtaining the requisite approvals from the DOE to receive guarantees under the loan guarantee agreement, our ability to meet the applicable conditions precedent under the loan guarantee agreement, statements that refer to outlook, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on our management's beliefs, as well as assumptions made by, and information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. Factors which may cause actual results to differ materially from current expectations include, but are not limited to: changes adversely affecting the business in which we are engaged; our ability to forecast trends accurately; our ability to generate cash, service indebtedness and incur additional indebtedness; our ability to achieve the operational milestones on the delayed draw term loan; our ability to raise financing in the future, including the discretionary revolving facility from Cerberus; risks associated with the credit agreement with Cerberus, including risks of default, dilution of outstanding Common Stock, consequences for failure to meet milestones and contractual lockup of shares; our customers' ability to secure project financing; the amount of final tax credits available to our customers or to Eos pursuant to the Inflation Reduction Act; uncertainties around our ability to meet the applicable conditions precedent to any funding under the DOE loan; our ability to continue to develop efficient manufacturing processes to scale and to forecast related costs and efficiencies accurately; fluctuations in our revenue and operating results; competition from existing or new competitors; our ability to convert firm order backlog and pipeline to revenue; risks associated with security breaches in our information technology systems; risks related to legal proceedings or claims; risks associated with evolving energy policies in the United States and other countries and the potential costs of regulatory compliance; risks associated with changes to the U.S. trade environment; risks resulting from the impact of global pandemics, including the novel coronavirus, Covid-19; our ability to maintain the listing of our shares of common stock on NASDAQ; our ability to grow our business and manage growth profitably, maintain relationships with customers and suppliers and retain our management and key employees; risks related to the adverse changes in general economic conditions, including inflationary pressures and increased interest rates; risk from supply chain disruptions and other impacts of geopolitical conflict; changes in applicable laws or regulations; the possibility that Eos may be adversely affected by other economic, business, and/or competitive factors; other factors beyond our control; risks related to adverse changes in general economic conditions; and other risks and uncertainties. The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in the Company's most recent filings with the Securities and Exchange Commission, including the Company's most recent Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that the Company makes with the Securities and Exchange Commission from time to time. Moreover, the Company operates in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained in this press release. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.UnitedHealthcare CEO shooting: What are ghost guns and why are crime experts concerned?

NoneAfter almost 18 years with the Vacaville Police Department, Sergeant Mark Ferreira heard his final radio call with the Vacaville Police Department, wishing him a pleasant retirement after 25 years in law enforcement. “Sergeant Mark Ferreira, on behalf of the city of Vacaville, your Vacaville Police Department family, and the community that you love and devoted the past 17 1⁄2 years to, we congratulate you on your retirement and thank you for your sacrifice and dedication to us all,” the message over Vacaville Police Department radios began. Ferreira started his career with the San Pablo Police Department in 1999, where he worked in patrol, investigations, and the Northern California Computer Crimes Task Force. In July of 2007, he joined the Vacaville Police Department, where he proved to be “tenacious and loyal” according to the radio message. “Your integrity as a Patrol officer and Detective quickly gained you respect not only with your partners but with the community, which led to an assignment as a member of the Mobile Field Force,” the message said. He served as team leader of the Moblie Field Force, helping other agencies keep their community safe and advocating for updated equipment for the team. Promoted to Sergeant in 2016, leading Patrol, the Special Victims Unit, the Critical Incident Negotiation Team and various other groups within the department during the last 9 years. “Arguably one of the toughest challenges (was) VVPD Technology, where you were in charge of the planning, placement and maintenance of most systems that make this a safe community to visit and live in,” the message explained. Ferreira said some of his favorite memories were the people he worked with, especially on the graveyard shift. “Your compassion shines through, proving that your drive to provide justice for the victims’ families fills your heart,” the message said. “Your unit is grateful for your extreme kindness and always leading from that big heart of yours.” He was also featured in an episode of the TV show “Deadline to Disaster” for an interview he did with The Weather Channel regarding the LNU fire. “The jury is still out whether you withheld this information because you are humble, or because you would have to buy lunch for your team if they found out!” the radio message joked. The message said Ferreira will be missed by members of the Fire Department, Police Department, and community at large for his genuine demeanor and his mentorship. “Thank you, Sarge, for always putting the community first, and for making such a large impact in so many peoples’ lives,” the message read. “Your chuckle and smile warms the room, your empathy and grace provide comfort, and your honesty and patience open the door to always lend an ear.” The message also thanked his family for their sacrifices through the years, including his wife, children and mother. “As you enter this well-deserved chapter of retirement after 25 years plus, you will finally be able to explore new hobbies, enjoy more chocolate chip cookies, and visit the outdoors more with your family by your side,” the message concluded. “Congratulations to you, Mark!”

Lebawit Lily Girma | (TNS) Bloomberg News When winter rolls around, travelers predictably turn their attention to beaches. And this year, it’s the destination that comedian Tony Hinchcliffe called “a floating island of garbage in the middle of the ocean” that’s experiencing outsize demand from Americans planning a warm island vacation. Talk about trashing stereotypes. Related Articles Travel | Would you pay $700 a night to sleep under the stars at this Colorado resort? Travel | Thailand’s starring role in ‘The White Lotus’ is about to pay off Travel | 5 under-the-radar travel destinations the UN says you should visit Travel | Gift ideas for people planning their next trip Travel | Lights and decor, réveillon meals make Christmastime special in New Orleans Puerto Rico has recovered overseas visitors (excluding those from Canada and Mexico) faster than any U.S. state or territory — a staggering 85% increase over its 2019 overseas inbound visitor levels as of 2023, according to an October study from the U.S. National Travel and Tourism Office. There are now more daily flights from the U.S. West Coast, and hotel bookings are 6% higher so far in this last quarter of 2024 year-over-year. It’s a trifecta of tourism growth: more visitors, but also longer stays and a higher spend that reached a record $9.8 billion in 2023, boosting small businesses as well as major brands. “We don’t have a slow season in Puerto Rico anymore,” says Brad Dean, chief executive officer at Discover Puerto Rico. Even if they’re not booking, people are dreaming about “La Isla.” By tracking flight searches for trips between November 2024 and February 2025, a measure of “inspirational” demand, tourism intelligence company Mabrian Technologies reports Puerto Rico is up 9% compared with the same period last year and leads Barbados, the Dominican Republic, Jamaica and the Bahamas in the Caribbean proper. Only Costa Rica ranked higher in the wider region. Dean attributes Puerto Rico’s ongoing tourism growth to a strategic effort to reposition the island’s brand as more than a sun-and-sea destination, starting back in 2018. That led to the Live Boricua campaign, which began in 2022 and leaned heavily on culture, history and cuisine and was, Dean says, “a pretty bold departure” in the way Puerto Rico was showcased to travelers. He adds that at least $2 billion in tourism spend is linked to this campaign. “We (also) haven’t shied away from actively embracing the LGBTQ+ community, and that has opened up Puerto Rico to audiences that may not have considered the Caribbean before,” Dean says. Hotels are preparing to meet this growing demand: A number of established boutique properties are undergoing upgrades valued between $4 million and more than $50 million, including Hotel El Convento; La Concha, which will join the Marriott Autograph Collection; Condado Vanderbilt Hotel; and the Wyndham Grand Rio Mar. That’s in addition to ultra-chic options that are coming online in 2025, including the adults-only Alma San Juan, with rooms overlooking Plaza Colón in the heart of Old San Juan, and the five-star Veranó boutique hotel in San Juan’s trendy Santurce neighborhood. The beachfront Ritz-Carlton San Juan in Isla Verde will also be reopening seven years after Hurricane Maria decimated the island. The travel industry’s success is helping boost employment on the island, to the tune of 101,000 leisure and hospitality jobs as of September 2024, a 26% increase over pre-pandemic levels, according to the U.S. Bureau of Labor Statistics. Efforts to promote Puerto Rico’s provinces beyond the San Juan metro area — such as surfing hub Rincón on the west coast, historical Ponce on the south coast and Orocovis for nature and coffee haciendas in the central mountains —have spread the demand to small businesses previously ignored by the travel industry. Take Sheila Osorio, who leads workshops on Afro-Puerto Rican bomba music and dance at Taller Nzambi, in the town of Loíza, 15 miles east of San Juan; or Wanda Otero, founder of cheese-producing company Vaca Negra in Hatillo, an hour’s drive west of Old San Juan, where you can join a cheese-making workshop and indulge in artisanal cheese tastings. “The list of businesses involved in tourism has gone from 650 in 2018 to 6,100, many of which are artists and artisans,” Dean says. While New Yorkers and Miami residents have always been the largest visitor demographic, Dean says more mainland Americans now realize that going to Puerto Rico means passport-free travel to enjoy beaches, as well as opportunities to dine in Michelin-rated restaurants, hike the only rainforest in the U.S. and kayak in a bioluminescent bay. Visitors from Chicago and Dallas, for example, have increased by approximately 40% from July 1, 2023, to June 30, 2024, compared with the same period in 2022-2023, and more travelers are expected from Denver now that United Airlines Holdings Inc. has kicked off its first nonstop service to San Juan, beginning on Oct. 29. Previously, beach destinations that were easy to reach on direct flights from Denver included Mexico, Belize and California, but now Puerto Rico joins that list with a 5.5-hour nonstop route that cuts more than two hours from the next-best option. Given United Airlines’ hub in San Francisco, it could mean more travelers from the Golden State in the near future, too. In December, U.S. airlines will have 3,000 more seats per day to the territory compared with the same period last year, for a total of 84,731 — surpassing even Mexico and the Dominican Republic in air capacity, according to data from aviation analytics firm Cirium. Luis Muñoz Marín International Airport, the island’s primary gateway, is projecting a record volume of 13 million passengers by year’s end — far surpassing the 9.4 million it saw in 2019. As for Hinchcliffe’s “floating island of garbage” line, Dean says it was “a terribly insensitive attempt at humor” that transformed outrage into a marketing silver lining, with an outpouring of positive public sentiment and content on Puerto Rico all over social media. Success, as that old chestnut goes, may be the best revenge. “It was probably the most efficient influencer campaign we’ve ever had,” Dean says, “a groundswell of visitors who posted their photos and videos and said, ‘This is the Puerto Rico that I know.’” ©2024 Bloomberg L.P. Visit bloomberg.com. Distributed by Tribune Content Agency, LLC.

After Juan Soto's megadeal, could MLB see a $1 billion contract? Probably not soon

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