Chess grandmaster Magnus Carlsen returns to a tournament after a dispute over jeans is resolvedUS stocks were mixed on Friday, with the slightly higher, the about flat, and the moving lower to hit a seven-day losing streak. For the week, the S&P 500 and Dow Jones moved slightly lower, while the Nasdaq 100 jumped nearly 1%. Tech stocks led the market higher on Friday, partly driven by . The company's stock popped 24% to a $1 trillion valuation for the first time ever after it reported solid earnings results that included a bullish outlook for its AI business. Stocks overall were under pressure this week amid a steady climb in interest rates. The 10-year US Treasury yield jumped about 25 basis points in the week as investors prepare for the Federal Reserve's FOMC meeting next week. While the Fed is expected to cut interest rates by 25-basis points, some believe it could be a "hawkish cut" that ultimately leads to a pause in rate cuts beginning early next year. "It might be a 'hawkish cut' with the FOMC's Statement and Summary of Economic Projections signaling a pause in rate cutting early next year," market veteran Ed Yardeni said in a note on Thursday. Bank of America said in a Friday note that next week's rate cut is "fully priced" into the market and that due to the Fed's ongoing "data dependence," there are "risks for hawkish guidance, given signs of inflation stickiness." The CME Fed Watch Tool is pricing in just two 25-basis point interest rate cuts next year, down from the previous three expected just a week ago. On the inflation front this week, while the November CPI index came in at expectations, the producer price index was slightly hotter than expected. Looking ahead to next week, investors will monitor various economic data points, including US retail sales, housing starts and building permits, and a second revision to third-quarter GDP. Read the original article on
NEW YORK (AP) — Top-ranked chess player Magnus Carlsen is headed back to the World Blitz Championship on Monday after its governing body agreed to loosen a dress code that got him fined and denied a late-round game in another tournament for refusing to change out of jeans . Lamenting the contretemps, International Chess Federation President Arkady Dvorkovich said in a statement Sunday that he'd let World Blitz Championship tournament officials consider allowing “appropriate jeans” with a jacket, and other “elegant minor deviations” from the dress code. He said Carlsen's stand — which culminated in his quitting the tournament Friday — highlighted a need for more discussion “to ensure that our rules and their application reflect the evolving nature of chess as a global and accessible sport.” Carlsen, meanwhile, said in a video posted Sunday on social media that he would play — and wear jeans — in the World Blitz Championship when it begins Monday. “I think the situation was badly mishandled on their side,” the 34-year-old Norwegian grandmaster said. But he added that he loves playing blitz — a fast-paced form of chess — and wanted fans to be able to watch, and that he was encouraged by his discussions with the federation after Friday's showdown. “I think we sort of all want the same thing,” he suggested in the video on his Take Take Take chess app’s YouTube channel. “We want the players to be comfortable, sure, but also relatively presentable.” The events began when Carlsen wore jeans and a sportcoat Friday to the Rapid World Championship, which is separate from but held in conjunction with the blitz event. The chess federation said Friday that longstanding rules prohibit jeans at those tournaments, and players are lodged nearby to make sartorial switch-ups easy if needed. An official fined Carlsen $200 and asked him to change pants, but he refused and wasn't paired for a ninth-round game, the federation said at the time. The organization noted that another grandmaster, Ian Nepomniachtchi, was fined earlier in the day for wearing sports shoes, changed and continued to play. Carlsen has said that he offered to wear something else the next day, but officials were unyielding. He said “it became a bit of a matter of principle,” so he quit the rapid and blitz championships. In the video posted Sunday, he questioned whether he had indeed broken a rule and said changing clothes would have needlessly interrupted his concentration between games. He called the punishment “unbelievably harsh.” “Of course, I could have changed. Obviously, I didn’t want to,” he said, and “I stand by that.”
NEW DELHI: Employee attrition in private sector banks has witnessed an increase to about 25 per cent and this high turnover rate poses significant operational risk , according to the latest Report on Trend and Progress of Banking in India 2023-24. Employee attrition rates are high across select private sector banks and small finance banks (SFBs), the report, which was released by the Reserve Bank of India (RBI) said. The total number of employees of private banks surpassed that of public sector banks (PSBs) during 2023-24, but their attrition has increased sharply over the last three years, with average attrition rate of around 25 per cent, it said. "High attrition and employee turnover rate pose significant operational risks, including disruption in customer services, besides leading to loss of institutional knowledge and increased recruitment costs. In various interactions with banks, the Reserve Bank has stressed that reducing attrition is not just a human resource function but a strategic imperative," it said. Banks need to implement strategies like improved onboarding processes, providing extensive training and career development opportunities, mentorship programmes, competitive benefits, and a supportive workplace culture to build long-term employee engagement, it said. In view of several irregularities observed in grant of loans against gold ornaments and jewellery, including top-up loans, the Reserve Bank advised supervised entities to comprehensively review their policies, processes and practices on gold loans to identify gaps and initiate appropriate remedial measures in a time-bound manner. Supervised entities were advised to closely monitor their gold loan portfolios and ensure adequate controls over outsourced activities and third-party service providers, it said. The report said climate change risks are envisaged to impact profitability of financial institutions, growth prospects, and inflation dynamics and, thus, impinge upon financial stability and price stability. To foster assessment of these concerns by regulated entities, regulatory and supervisory frameworks need to be strengthened with enhanced risk management guidelines, disclosure requirements, periodic stress testing, and stipulating reasonable verification and assurance functions, it added. Ready to Master Stock Valuation? ET’s Workshop is just around the corner!
week, Bill Belichick and a handful of his former assistants with the New England Patriots. Matt Patricia, Michael Lombardi, Josh McDaniels, to name a few, men with whom he had won Super Bowls, all of them out of work. They'd chat over Zoom, and go through each NFL game, as they once did in Foxboro, as only they could. Teams. Trends. Salaries. Schematic shifts. Stuff only they knew to look for, questions only they knew to ask, a common language and way of thinking, once the envy of the NFL and beyond, from other sports to business schools, now valued less around the league. The subtext was unspoken, but understood: Which NFL teams might make a coaching change this year? And of those teams, which of them might be interested in a 72-year-old, eight-time Super Bowl champion? And of those teams, which would Belichick want most? According to sources with direct knowledge, the group deemed that the Chicago Bears were probably the most attractive job, but that team brass was unlikely to consider Belichick. The group expects the same thing that most around the league do: that the Bears will go offense, hoping to give quarterback a chance at a career, probably targeting Lions offensive coordinator Ben Johnson. The New York Jets were a nonstarter; Belichick had issues with owner Woody Johnson back in 2000, before Johnson officially bought the team, and he had been critical this past season in his media roles with Johnson's horrific stewardship. Maybe the Giants, where he had spent the '80s, could work, but Belichick knew that it would be a rebuild, with the New York press at his heels. Plus, he believes the team would do best to retain its current coach, Brian Daboll. Dallas was a potential spot -- nobody can take a collection of talent and turn it into a team like Belichick -- but nobody knew if owner Jerry Jones would move on from Mike McCarthy, and if he did, if he'd want to hand over the team to Belichick. Jacksonville was another potential landing spot, but was it the right one? On his podcast, Lombardi took a shot at Tony Khan, son of owner Shad Khan who for years has run an analytics department emblematic of the problems with the current NFL. Additionally, there wasn't a lot of back-channel communication between anyone close to Belichick and owners; the league and three teams are almost two years into battling a discrimination lawsuit by Brian Flores. Belichick's feelings toward the NFL have shifted he has told confidants. Look at the past year. Robert Kraft, whose life and legacy was forever altered by Belichick, fired him in January. Only one out of seven teams with openings showed interested in hiring him. The Falcons interviewed him twice, but when it came time for the team's brass to rank choices, Belichick failed to land in anyone's top three candidates -- in part, , because Kraft helped torpedo his chances. Weeks later in February, "The Dynasty," the Kraft-owned Patriots , launched on Apple and minimized Belichick's role in the team's historic run so roundly that former Patriots players spoke out against it. Belichick was entertaining in his myriad media roles, but the league seemed to move on without him. Owners spoke of him respectfully, but not desirably. A few months ago, Belichick started to bring up college programs on the Zooms. He was spending a lot of time at Washington, where his son Stephen is in his first year as the Huskies' defensive coordinator. His former offensive coordinator in New England, Bill O'Brien, and longtime assistant, Berj Najarian, are at Boston College. Another former assistant, Joe Judge, served as a senior analyst at Ole Miss. It reinforced and reaffirmed that there was another option out there. At first, the image of Belichick as a college coach made no sense. It was hard to picture Belichick sitting in a teenager's living room, in a hoodie with jagged sleeves, delivering his recruiting pitch. Nick Saban, one of Belichick's longest and closest friends, had retired from college football in large part because of the transfer portal and NIL. Tom Brady did an impression on television of Belichick last weekend: "Listen, you really wanna come here? We don't really want you anyway. I guess you could come. We'll figure out if you can play." But something about ending his career by not chasing Don Shula's NFL wins record, but instead on campus, appealed to Belichick. When he agreed to terms with North Carolina, it was not only because of a new challenge after coaching only in the NFL since 1975, at a school where his father, Steve, had worked when Bill was a boy, and not only because his future in the pros was unclear. It was because, in the words of a confidant, Belichick is "disgusted" in what he believes the NFL had become. "This is a big f--- you to the NFL," another Belichick confidant says. cared about football's history, and his place in it. And he has always cared about leading a true football program. Unlike Bill Walsh's philosophy, it was not primarily based on a playbook; indeed, Belichick's schematic ideology is his lack of ideology, tailored and adapted to situation and circumstance. He has always wanted to build a team -- a true team -- despite the cultural and financial forces conspiring against that idea and ideal. What became known as the Patriot Way was rooted in more than mutual sacrifice and mastery of situational football, ruthless decision-making and Brady's greatness. It was about teaching and education. Only Belichick's Patriots had full-team meetings in which players were quizzed not only on the opponent's statistics and playmakers, but the résumés of all of the assistant coaches. It was a football laboratory, augmented by some of the greatest players in NFL history. Belichick was raised on campuses and has loved helping shape young minds. In April 2006, I watched him deliver the annual Fusco Distinguished Lecture at Southern Connecticut State University, on a stage that had also featured Colin Powell, Madeleine Albright and Christopher Reeve, among others. Like many, I worried that it would be a two-hour version of his news conferences. But he was in his element, relaxed and energized, speaking to students as they prepared to enter the real world. He told them to chase not money, but a job that was a continuation of a passion. One of the proudest moments of his life was when he passed on a career in finance and moved to Baltimore to do whatever the Colts asked of him. When Belichick was fired by Kraft, despite it initially being presented as a mutual parting -- Kraft later cited trust and an eagerness to reclaim organizational power as factors -- he knew that his next job was not going to resemble the one he'd held for more than two decades. The NFL had moved away from the coach-centric model that Belichick learned under Bill Parcells. There are more layers now. Belichick insisted to the Falcons and made clear to other teams with openings last year that he wasn't seeking the total control of football operations he enjoyed for most of his head coaching career, both in Cleveland and in New England. He was willing to work with existing staff, whether it was Falcons general manager Terry Fontenot or Commanders general manager Adam Peters or Jerry Jones or Howie Roseman, if the Cowboys or Eagles, respectively, had decided to change coaches. But something about it was always hard to buy -- and owners didn't. It wasn't that Belichick was disingenuous or too set in his ways; it was that if you hire Belichick, you hire him to do it his way. Belichick's system is him, from his player procurement program to contract incentives to the types of players he drafts. Because so much flowed out of his mind and because he almost always was the ultimate decision-maker, the Patriots were able to withstand the losses of key players and coaches -- everyone except Brady. How would Belichick, who ran a thin operation in New England, without many layers, handle running a team with a huge infrastructure? Was Belichick, who has had his share of player-evaluation whiffs but has also drafted the greatest quarterback and tight end ever, along with Hall of Fame defensive tackle and several others who will join him in Canton, really going to abide by the philosophies of someone like Fontenot or Bears general manager Ryan Poles, if Chicago had hired Belichick after this year? "Listening to Fontenot discuss drafting systems last January, as if he knew it all, bothered him," a Belichick confidant says. All of those things were on his mind this fall. He told confidants that Shula's record mattered to him, but it wasn't the essential thing. It wasn't why he has worked hours that have come with a steep personal price. He has always competed as if his self-worth was tied to the result. Losses took on a life of their own. Imagine the throttled rage inside him all spring after a group of men who routinely botch their most important hire not only mostly ignored him but gloated about it, telling ESPN that he was "voted off the island." He never forgets. Belichick knew that he'd have to compromise if he got another NFL job, maybe even more than the year before, and also knew that he faced a league that was skeptical of him. If he didn't fix his new team right away, he'd be dealing with a media narrative for the third straight year in coaching that he'd lost his fastball. College coaches have many headaches -- they essentially re-recruit their players daily -- but Belichick came to believe that he'd have the space to run his program, winning or losing on his terms, all he has ever asked for. He'll have what he had in New England: He'll be the football czar. He knows there are politics, the way there are politics in the NFL, and challenges to building a team, but they feel manageable and worth the risk. Says a source with knowledge of his thinking: "I'll go be the highest draw in college football, and will have the greatest coach in the ACC, instead of you guys who don't want [him] anymore because there are people who don't deserve to be empowered. ... Everyone is running away from college football. I think Bill thinks this landscape is better for him. ... More transactional and less relational. In his mind, this is better for me." Maybe the signs were there a month ago, when Belichick told "The Pat McAfee Show" of the horror stories of answering asinine questions from owners. He told a confidant within the past week that he's "tired of the stupidness" of the NFL. Unlike Brady, Belichick has always embraced his darker side, with actions more often than words, and made no secret of his grievances. He turned the postgame handshake into a spectator sport. He seethed at the piousness around the league after Spygate. After Deflategate, he walked out of a league meeting when commissioner Roger Goodell spoke. And then, after his unquestioned greatness was suddenly questioned and became talk-show fodder for two years -- How good is he without Brady? -- he watched owners display abject indifference to his services. "He's disgusted," a confidant says. If we've learned anything about Belichick over the years, it's that he'll often do the unconventional thing -- and that when at a crossroads, he will take control of his career. legendary journalist David Halberstam wanted to write a book about Belichick. They knew each other casually. Belichick respected Halberstam but initially was cool to the idea; it would go against every fiber of his being if he turned the spotlight on himself. Halberstam rethought the pitch and gave it another shot: "I suggested that there might be a book in the education of a coach, especially since the most important teacher in his life was his father, Steve -- a coach's coach," Halberstam later wrote. "It was an idea that interested him, and eventually he agreed to cooperate." After Belichick had become the first coach to win three Super Bowls in four years, Halberstam spent more time with him than any reporter to that point, working on what would be an authorized biography. Later in 2005, "The Education of a Coach" was published. Halberstam hit the media circuit, promoting the book, and on a Boston radio show, he was asked, "Will [Belichick] ever get sick of this?" At the time, Belichick was 53 years old. He had yet to be busted for Spygate. He had yet to coach a team to within a minute of an undefeated season. Had yet to tell a documentarian that he'd never coach into his 70s, then blow past it, knowing deep inside that he needed the game more than it needed him. He had yet to draft , , , and had yet to win 11 games with Matt Cassel, had yet to deploy the "Baltimore" and "Raven" formations, had yet to pass Deflategate into Brady's lap, had yet to send into the final seconds of Super Bowl XLIX, had yet to look up at a Super Bowl LI scoreboard that read 28-3, had yet to curtail access for Alex Guerrero, had yet to be called the "biggest f---ing in my life" by Kraft, and had yet to win a sixth Super Bowl. He had yet to watch his daughter, Amanda, coach lacrosse at Holy Cross, had yet to watch Stephen coach at Washington. "He's really a coach and a teacher," Halberstam told the hosts. "I mean, you could almost see him, when this is done, saying, OK, I've ... you know, if he's done it and won X rings, saying OK, I'm going to go and teach at an Ivy League school or something like that. I'm going to do something smaller, without as much pressure." And without the NFL, which he left before it could leave him. Again.Horse appears to be victim of deliberate drowning in Powell County
Vegeta Makes a Bold Stellar Price Prediction: New ATH Break? LNEX and PEPE Rally Continues
In another demonstration of its resilience and commitment to its subscribers, Patricia Technologies , a leading financial services technology firm based in Lagos, has continued repayments to its subscribers who were affected by a security breach suffered on its cryptocurrency trading platform. This development marks a significant step forward in the firm’s effort at restoration for its affected customers. Earlier in the year, Patricia Technologies had requested a 2 to 5-year repayment window to enable it to generate sizable income from business operations and law enforcement recovery efforts, for the purpose of repaying customers and consequently, rebuilding trust. It will be recalled that Patricia Technologies experienced a major cyberattack in 2022, which resulted in the loss of depositors’ funds.. In the intervening period after the security breach, Patricia temporarily restricted withdrawals on its platform to protect the interests of its users and promptly petitioned the Inspector General of Police to report the alleged theft. “We understand the impact this incident has had on our customers and we are delighted that the journey to restoration is yet again on the way.” Said Hanu Agbodje, a technology innovation expert, and CEO at Patricia Technologies. Following a thorough investigation by the National Cybercrime Center of the Nigeria Police (NPF-NCCC), the Nigeria Police recorded a major breakthrough in the case with the arrest of Wilfred Bonse, a prominent politician, and three other suspects in November 2023. A development that vindicated Patricia Technologies. While the perpetrators of the cybercrime are currently being brought to book, Patricia Technologies has kept to its word by continuing the disbursement of funds to affected subscribers as part of a phased repayment process. The repayment effort, which started on November 10. 2023 is expected to continue in the coming months as all affected users will receive their funds in subsequent batches. Subscribers that are getting paid in this phase, have since been officially notified by email. Subscribers are however advised to check their emails and monitor official channels for updates regarding their individual repayment timelines. One of the subscribers with the initials BP (for purposes of confidentiality), expressed appreciation and satisfaction with being paid by Patricia via an email reaction: “I really appreciate your effort. Though it took a long time. I’m satisfied with what I’ve received. Thank you for keeping to your words.” On his part, Hanu reiterated that the interests of subscribers remain Patricia’s top priority. “This repayment process represents a milestone in the fulfilment of our commitment to making things right for our users. We appreciate their patience, understanding, and trust in Patricia as we hope that this refund brings them joy during this festive period, for those yet to receive, I will not rest until every single user is refunded, you have my word on this..” Hanu concluded. Patricia Technologies is a forward-thinking financial services technology company providing innovative cryptocurrency trading solutions and digital payment services out of Nigeria. Driven by a customer-first approach and cutting-edge technology Patricia Technologies is dedicated to enhancing financial inclusion and security towards enabling a more enriched financial future for its users. See also: Hack: House of Reps member masterminded breach – Hanu FejiroWASHINGTON — Donald Trump on Sunday pushed Russian leader Vladimir Putin to act to reach an immediate ceasefire with Ukraine, describing it as part of his active efforts as president-elect to end the war despite being weeks from taking office. “Zelenskyy and Ukraine would like to make a deal and stop the madness,” Trump wrote on social media, referring to Ukraine’s president, Volodymyr Zelenskyy. In a television interview that aired Sunday, Trump also said he would be open to reducing military aid to Ukraine and pulling the United States out of NATO. Those are two threats that have alarmed Ukraine, NATO allies and many in the U.S. national security community. Asked on NBC’s “Meet the Press” if he were actively working to end the nearly 3-year-old Ukraine war, Trump said, “I am.” He refused to say if he had spoken to Putin since winning the election in November. “I don’t want to say anything about that, because I don’t want to do anything that could impede the negotiation,” Trump said. ‘Russia brought war to our land’ Trump’s call for an immediate ceasefire went beyond the public policy stands taken by both the Biden administration and Ukraine and drew a cautious response from Zelenskyy. It also marks Trump’s wading unusually deeply into efforts before his inauguration on Jan. 20 to resolve one of the major global crises facing the lame-duck Biden administration. Trump made his proposal after a weekend meeting in Paris with French and Ukrainian leaders in Paris, where many world leaders had gathered to celebrate the restoration of the Notre Dame cathedral after a 2019 fire. None of the advisers traveling with him appeared to have expertise on Ukraine. Kyiv would like to close a deal, Trump wrote on his social media platform Truth Social. “There should be an immediate ceasefire and negotiations should begin.” “I know Vladimir well. This is his time to act. China can help. The World is waiting!” Trump added. He was referring to mediation efforts by China that many in the West have seen as favoring Russia. Zelenskyy described his discussions Saturday with Trump, brought together by French President Emmanuel Macron, as “constructive.” In a post Sunday on the Telegram messaging app, Zelenskyy cautioned that Ukraine needs a “just and robust peace, that Russians will not destroy within a few years.” “When we talk about an effective peace with Russia, we must talk first of all about effective peace guarantees,” Zelenskyy said. “Ukrainians want peace more than anyone else. Russia brought war to our land.” Kremlin spokesman Dmitry Peskov responded to Trump’s post by repeating Moscow’s longstanding message that it is open to talks with Ukraine.
Bucks snap a 2-game skid with a 118-113 victory over the NetsStock indexes closed mixed on Wall Street at the end of a rare bumpy week. The S&P 500 ended little changed Friday. The benchmark index reached its latest in a string of records a week ago. It lost ground for the week following three weeks of gains. The Dow Jones Industrial Average slipped 0.2%. The Nasdaq composite edged up 0.1%. Broadcom surged after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products. RH, formerly known as Restoration Hardware, surged after raising its revenue forecast. Treasury yields rose in the bond market. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Stocks slipped in afternoon trading Friday as Wall Street closes out a rare bumpy week. The S&P 500 was up by less than 0.1% and is on track for a loss for the week after three straight weekly gains. The Dow Jones Industrial Average fell 58 points, or 0.1% to 43,856 as of 3 p.m. Eastern time. The Nasdaq rose 0.1% and is hovering around its record. Broadcom surged 24.9% for the biggest gain in the S&P 500 after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products. The company also raised its dividend. The company's big gain helped cushion the market's broader fall. Pricey stock values for technology companies like Broadcom give the sector more weight in pushing the market higher or lower. Artificial intelligence technology has been a focal point for the technology sector and the overall stock market over the last year. Tech companies, and Wall Street, expect demand for AI to continue driving growth for semiconductor and other technology companies. Even so, some big tech stocks were in the red Friday. Nvidia slid 2.6%, Meta Platforms dropped 1.7% and Netflix was down 0.7%. Furniture and housewares company RH, formerly known as Restoration Hardware, surged 14.2% after raising its forecast for revenue growth for the year. Wall Street's rally stalled this week amid mixed economic reports and ahead of the Federal Reserve's last meeting of the year. The central bank will meet next week and is widely expected to cut interest rates for a third time since September. Expectations of a series of rate cuts has driven the S&P 500 to 57 all-time highs so far this year . The Fed has been lowering its benchmark interest rate following an aggressive rate hiking policy that was meant to tame inflation. It raised rates from near-zero in early 2022 to a two-decade high by the middle of 2023. Inflation eased under pressure from higher interest rates, nearly to the central bank's 2% target. The economy, including consumer spending and employment, held strong despite the squeeze from inflation and high borrowing costs. A slowing job market, though, has helped push a long-awaited reversal of the Fed's policy. Inflation rates have been warming up slightly over the last few months. A report on consumer prices this week showed an increase to 2.7% in November from 2.6% in October. The Fed's preferred measure of inflation, the personal consumption expenditures index, will be released next week. Wall Street expects it to show a 2.5% rise in November, up from 2.3% in October. The economy, though, remains solid heading into 2025 as consumers continue spending and employment remains healthy, said Gregory Daco, chief economist at EY. “Still, the outlook is clouded by unusually high uncertainty surrounding regulatory, immigration, trade and tax policy,” he said. Treasury yields edged higher. The yield on the 10-year Treasury rose to 4.40% from 4.34% late Thursday. European markets slipped. Britain's FTSE 100 fell 0.1%. Britain’s economy unexpectedly shrank by 0.1% month-on-month in October, following a 0.1% decline in September, according to data from the Office for National Statistics. Asian markets closed mostly lower.Davao family’s mission: Best hospitality, tourism education
enowned sportscaster , a fixture in the world of and a beloved voice for decades, following a brave battle with cancer, his family confirmed on Friday. In a heartfelt statement, shared their sorrow: , earning him a revered place in sports broadcasting. Best known for his work with CBS, he became a household name as the host of the NCAA Tournament and as a play-by-play announcer for NFL games. left an indelible mark on fans and colleagues alike. CBS mourned Gumbel's passing Greg Gumbel's journey at CBS began decades ago, . After joining the network in 1998, he quickly became the lead play-by-play announcer . Later, he hosted for two seasons before returning to call NFL games in 2006, after the 2022 season. , president and CEO of CBS Sports, expressed his in a statement: An icon of sports journalism Though Gumbel due to his courage and determination . Greg Gumbel leaves behind . His iconic voice will echo , and his impact on the industry will not be forgotten.Chess grandmaster Magnus Carlsen returns to a tournament after a dispute over jeans is resolved
Chess grandmaster Magnus Carlsen returns to a tournament after a dispute over jeans is resolved
Cross Timbers Royalty Trust (NYSE:CRT) Short Interest Down 19.5% in DecemberKey Leadership Appointments Bring New Skills and Capabilities to Organization EMERYVILLE, Calif. , Dec. 13, 2024 /PRNewswire/ -- Kyverna Therapeutics, Inc. (Kyverna), a clinical-stage biopharmaceutical company focused on developing cell therapies for patients with autoimmune diseases, announced the recent appointments of Dan Maziasz as Chief Business Officer, Cara Bauer as Chief Human Resources Officer, and Tracy Rossin as Senior Vice President of Corporate Affairs, Communications and Investor Relations. "I'm pleased to welcome three industry leaders to our Kyverna team," said Warner Biddle , Chief Executive Officer of Kyverna. "Dan, Cara and Tracy bring important new skills and capabilities to Kyverna as we continue to support the company's next phase of growth and work to bring a transformative change to patients living with severe autoimmune diseases." Mr. Maziasz brings over 25 years of leadership and business experience across several leading biotechnology and large pharmaceutical companies. Mr. Maziasz most recently served as Chief Business Officer at Atara Biotherapeutics, the first company in the world to receive regulatory approval of an allogeneic T-cell immunotherapy. At Atara, Mr. Maziasz led various corporate initiatives including strategic planning, licensing transactions with industry partners, and research collaborations with academic groups. Before his time at Atara, Mr. Maziasz was Vice President, Corporate Strategy and Business Development at Kite Pharma, a global cell therapy leader, prior to its acquisition by Gilead Sciences. Mr. Maziasz also spent more than a decade at Amgen, where he held roles of increasing responsibility in the US, Europe , and Asia across business development, corporate strategy, finance, and commercial functions. Ms. Bauer brings more than 25 years of experience in global human resources leadership to Kyverna, having served most recently as Global Head of Human Resources at Kite, a Gilead Company, where she oversaw all HR strategy and operations during a period of hypergrowth and global expansion which strengthened the company's leadership position in cell therapy. Prior to this role, she served as the Global Head of HR for the Entertainment Division at Riot Games where she worked directly with the founders to build an Entertainment Studio separate from the core gaming business. Ms. Bauer has also held various HR leadership roles at companies such as Netflix, Amgen, Gartner and Novo Nordisk. Ms. Rossin brings more than 20 years of strategic communications experience to Kyverna, having most recently served as the Head of Public Affairs at Kite, where she was responsible for leading corporate, product and employee communications in addition to patient advocacy. Prior to this role, she served as Vice President, Global Head of Communications at Innate Pharma, an oncology-focused biotech company, where she led both corporate and financial communications. Ms. Rossin also spent more than 12 years at AstraZeneca/MedImmune, where she held multiple U.S. and global communications roles for key therapeutic areas across AstraZeneca's portfolio before serving as the Head of Corporate Affairs at MedImmune, the global biologics research and development arm of AstraZeneca. Before joining AstraZeneca, she held various positions at global public relations agencies working with corporate and healthcare related clients. Inducement Grant In connection with the appointment of Mr. Maziasz as Kyverna's Chief Business Officer, on December 9, 2024 , Kyverna granted Mr. Maziasz an option to purchase 350,000 shares of its common stock (Option). The Option was granted pursuant to the Kyverna Therapeutics, Inc. 2024 Inducement Equity Incentive Plan, as approved by the Compensation Committee of Kyverna's Board of Directors on September 14, 2024 , and was granted as an inducement material to Mr. Maziasz's employment with Kyverna in accordance with Nasdaq Listing Rule 5635(c)(4). The exercise price of the Option was $4.86 , the closing price of Kyverna's common stock on December 9, 2024 , the date of grant. The Option will vest over four years, with 25% of the total number of shares subject to the Option vesting on the one-year anniversary of Mr. Maziasz's appointment and 1/48th of the total number of shares subject to the Option vesting monthly thereafter, subject in each case to Mr. Maziasz's continued service to Kyverna on each vesting date. Kyverna is providing this information in accordance with Nasdaq Listing Rule 5635(c)(4). About Kyverna Therapeutics Kyverna Therapeutics, Inc. (Nasdaq: KYTX) is a patient-centered, clinical-stage biopharmaceutical company focused on developing cell therapies for patients suffering from autoimmune diseases. Our lead CAR T-cell therapy candidate, KYV-101 is advancing through clinical development with sponsored clinical trials across two broad areas of autoimmune disease: rheumatology and neurology, including Phase 2 trials for stiff-person syndrome, multiple sclerosis and myasthenia gravis, a Phase 1/2 trial for systemic sclerosis, and two ongoing multi-center Phase 1/2 trials in the United States and Germany for patients with lupus nephritis. Kyverna's pipeline includes next-generation CAR T-cell therapies in both autologous and allogeneic formats with properties intended to be well suited for use in B cell-driven autoimmune diseases. For more information, please visit https://kyvernatx.com . Forward-Looking Statements Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements." The words, without limitation, "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these or similar identifying words. Forward-looking statements in this press release include, without limitation, those related to: the potential impact of the clinical outcomes from the ongoing clinical programs; the potential impact of the new data on the treatment efficacy and safety profile of KYV-101; the potential that the results of the ongoing trials could drastically change the treatment landscape for the targeted autoimmune diseases; Kyverna's goals to develop certain paradigm-shifting treatment options; the potential for KYV-101 to provide durable, immunosuppressant-free remission for autoimmune disease patients; Kyverna's beliefs about the differentiated properties of KYV-101; and Kyverna's clinical trials, investigator-initiated trials and named-patient activities. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: uncertainties related to market conditions, and other factors discussed in the "Risk Factors" section of Kyverna's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q that Kyverna has filed or may subsequently file with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this press release are based on the current expectations of Kyverna's management team and speak only as of the date hereof, and Kyverna specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Contact: Investors: InvestorRelations@kyvernatx.com Media: media@kyvernatx.com View original content to download multimedia: https://www.prnewswire.com/news-releases/kyverna-therapeutics-strengthens-leadership-team-to-accelerate-next-phase-of-growth-302331659.html SOURCE Kyverna Therapeutics Best trending stories from the week. Success! An email has been sent to with a link to confirm list signup. Error! There was an error processing your request. You may occasionally receive promotions exclusive discounted subscription offers from the Roswell Daily Record. Feel free to cancel any time via the unsubscribe link in the newsletter you received. You can also control your newsletter options via your user dashboard by signing in.
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