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Segall Bryant & Hamill LLC acquired a new position in shares of Blue Owl Capital Inc. ( NYSE:OWL – Free Report ) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 46,475 shares of the company’s stock, valued at approximately $900,000. Several other large investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its position in shares of Blue Owl Capital by 6,783.8% in the first quarter. Russell Investments Group Ltd. now owns 25,470 shares of the company’s stock worth $480,000 after purchasing an additional 25,100 shares during the period. Acadian Asset Management LLC bought a new position in shares of Blue Owl Capital in the first quarter worth $624,000. Quadrature Capital Ltd bought a new position in shares of Blue Owl Capital in the first quarter worth $738,000. LRI Investments LLC bought a new position in shares of Blue Owl Capital in the first quarter worth $105,000. Finally, Morse Asset Management Inc increased its position in shares of Blue Owl Capital by 14.0% in the first quarter. Morse Asset Management Inc now owns 12,200 shares of the company’s stock worth $230,000 after purchasing an additional 1,500 shares during the period. Institutional investors own 35.85% of the company’s stock. Blue Owl Capital Trading Up 0.9 % Shares of OWL stock opened at $24.55 on Friday. The business’s 50-day moving average price is $21.55 and its 200-day moving average price is $19.15. Blue Owl Capital Inc. has a 12 month low of $13.01 and a 12 month high of $24.70. The firm has a market capitalization of $36.67 billion, a price-to-earnings ratio of 144.41, a PEG ratio of 1.63 and a beta of 1.14. Blue Owl Capital Announces Dividend The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital’s payout ratio is 423.53%. Analyst Ratings Changes OWL has been the topic of a number of recent analyst reports. Piper Sandler raised their price target on Blue Owl Capital from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Wells Fargo & Company raised their price target on Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Evercore ISI raised their price objective on Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. UBS Group raised their price objective on Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Oppenheimer raised their price objective on Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.31. Read Our Latest Stock Analysis on OWL Blue Owl Capital Company Profile ( Free Report ) Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants. Further Reading Want to see what other hedge funds are holding OWL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blue Owl Capital Inc. ( NYSE:OWL – Free Report ). Receive News & Ratings for Blue Owl Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Owl Capital and related companies with MarketBeat.com's FREE daily email newsletter .
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APC's RETM Sustainable Packaging Portfolio Expands with Another Designed for Recycle Technology COLUMBUS, Wis. , Dec. 9, 2024 /PRNewswire/ -- American Packaging Corporation (APC), a leader in flexible packaging solutions, announced another expansion of APC's RETM Sustainable Packaging portfolio, with the addition of new high performance, paper-based packaging technologies that are targeted for curbside recyclability, while providing excellent product protection levels that extend shelf life, protect product flavor, and maintain product freshness. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
Warning labels for social media gained swift bipartisan support from dozens of attorneys general after U.S. Surgeon General Vivek Murthy called on Congress to establish the requirements earlier this year.Uruguay's leftist opposition candidate, Yamandú Orsi, claimed victory in a tight presidential runoff Sunday, ousting the conservative governing coalition and making the South American nation the latest to rebuke the incumbent party in a year of landmark elections. Even as the vote count continued, Álvaro Delgado, the presidential candidate of the center-right ruling coalition, conceded defeat to his challenger. “With sadness, but without guilt, we can congratulate the winner,” he told supporters at his campaign headquarters in the capital of Montevideo. The information you need to know, sent directly to you: Download the CTV News App Fireworks erupted over the stage where Orsi, 57, a working-class former history teacher and two-time mayor from Uruguay's Broad Front coalition, thanked his supporters as crowds flocked to greet him. “The country of liberty, equality and fraternity has triumphed once again,” he said, vowing to unite the nation of 3.4 million people after such a tight vote. “Let's understand that there is another part of our country who have different feelings today," he said. “These people will also have to help build a better country. We need them too.” With nearly all the votes counted, electoral officials reported that Orsi won just over 49% of the vote, ahead of Delgado’s 46%. The rest cast blank votes or abstained in defiance of Uruguay's enforced compulsory voting. Turnout reached almost 90%. While failing to entice apathetic young voters, Uruguay's lackluster electoral campaigns steered clear of the anti-establishment fury that has vaulted populist outsiders to power elsewhere in the world, like in the United States and neighboring Argentina. After weeks in which the moderate rivals appeared tied in the polls, Delgado's concession ushers in Orsi as Uruguay’s new leader and cuts short the center-right Republican coalition's shot at governing. The 2019 election of President Luis Lacalle Pou spelled an end to 15 consecutive years of rule by the Broad Front. “I called Yamandú Orsi to congratulate him as President-elect of our country,” Lacalle Pou wrote on social media platform X, adding that he would “put myself at his service and begin the transition as soon as I deem it appropriate.” Yamandu Orsi, presidential candidate from the Broad Front, votes in the presidential run-off election in Canelones, Uruguay, Sunday, Nov. 24, 2024. (AP Photo/Matilde Campodonico) Orsi's victory was the latest sign that simmering discontent over post-pandemic economic malaise favors anti-incumbent candidates. In the many elections that took place during 2024, voters frustrated with the status quo have punished ruling parties from the U.S. and Britain to South Korea and Japan. But unlike elsewhere in the world, Orsi is a moderate with no radical plans for change. He largely agrees with his opponent on key voter concerns like driving down the childhood poverty rate, now at a staggering 25%, and containing an upsurge in organized crime that has shaken the nation long considered among Latin America's safest. Despite Orsi's promise to lead a “new left” in Uruguay, his platform resembles the mix of market-friendly policies and welfare programs that characterized the Broad Front’s tenure from 2005-2020. 5 Things to Know newsletter: Get the biggest headlines in your inbox each morning The coalition of leftist and center-left parties presided over a period of robust economic growth and pioneering social reforms that won widespread international acclaim. The driving force behind Uruguay’s legalization of abortion, same-sex marriage and sale of marijuana a decade ago was former President José “Pepe” Mujica, an ex-Marxist guerilla who became a global icon and mentor to Orsi. Mujica, now 89 and recovering from esophageal cancer, turned up at his local polling station before balloting even began on Sunday to praise Orsi’s humility and Uruguay’s proud stability. “This is no small feat,” he said of his nation's “citizenry that respects formal institutions.” Alvaro Delgado, candidate for the ruling National Party, waves to supporters after voting in Montevideo, Uruguay, Sunday, Nov. 24, 2024. (AP Photo/Jon Orbach) Specific proposals by Orsi include tax incentives to lure investment and revitalize the critical agricultural sector, as well as social security reforms that would lower the retirement age but fall short of a radical overhaul sought by Uruguay’s unions that failed to pass in the Oct. 27 general election during which neither front-runner secured an outright majority. In keeping with the nation’s reputation for being sensible, voters rejected generous pay-outs and the redistribution of privately managed pension funds in favor of fiscal constraint. He is also likely to scupper a trade agreement with China that Lacalle Pou had pursued to the chagrin of Mercosur, an alliance of South American nations promoting regional commerce. “He’s my candidate, not only for my sake but also for my children’s,” said Yeny Varone, a nurse at a polling station who voted for Orsi.“In the future they’ll have better working conditions, health and salaries.” Delgado, 55, a rural veterinarian with a long career in the National Party, served most recently as Secretary of the Presidency for Lacalle Pou and campaigned under the slogan “re-elect a good government.” With inflation easing and the economy expected to expand by some 3.2% this year, Delgado has promised to continue pursuing his predecessor’s pro-business policies. Lacalle Pou, who constitutionally cannot run for a second consecutive term, has enjoyed high approval ratings. Yeni Varone, a nurse, casts her vote in the presidential run-off election in Montevideo, Uruguay, Sunday, Nov. 24, 2024. (AP Photo/Natacha Pisarenko) But the official results trickling in Sunday showed that mounting complaints in Uruguay about years of sluggish economic growth, stagnant wages and the government’s struggle to contain crime after five years helped swing the election against Delgado. Still, Orsi struck a conciliatory tone. “I will be the president who calls for national dialogue again and again, who builds a more integrated society and country,” he said, adding that he would get to work immediately. Follow the CTV News channel on WhatsApp “Starting tomorrow, I'll have to work very hard, there's a lot to do,” he told The Associated Press from the glass-walled NH Columbia hotel, thronged friends and colleagues embracing and congratulating him. The win after such a hard-fought race, he said, gave him a “a strange feeling that I think takes a while to come to terms with.” His government will take office on March 1, 2025. Associated Press writer Isabel DeBre in Villa Tunari, Bolivia, contributed to this report.
The most comprehensive guidance to the application of solar tape 11-26-2024 10:34 PM CET | Associations & Organizations Press release from: ABNewswire The Role of Adhesive Tapes in Solar Photovoltaic Manufacturing Adhesive tapes play a critical role in various aspects of solar photovoltaic (PV) module manufacturing. From bonding module frames, securing back supports, and protecting edges to organizing conductive wires, insulating busbars, and temporarily sealing laminations, different types of adhesive tapes are integral to ensuring the reliability, efficiency, and longevity of PV modules. Solar Frame Bonding Double-sided PE foam tape is a cornerstone for achieving high-quality, reliable adhesion in solar module frames. Its PE foam substrate offers an ideal combination of flexibility and internal strength, while the optimized acrylic adhesive ensures secure bonding to most backsheet materials. The application process is straightforward and efficient, enhancing production workflows. Recommended Tape: PE Foam Tape Key Benefits: Secure, stable frame attachment No edge lifting, reducing downtime or rework UV resistance, water resistance, and weather durability Fixing Back Supports of Solar Modules For securing back supports, concentrators, and solar reflectors, black PE foam tape offers a permanent, reliable solution without requiring curing time. Its ease of use accelerates installation while maintaining a clean work environment. Recommended Tape: Black PE Foam Tape Key Benefits: Neat, efficient application Fast bonding without drying or curing Enhanced production efficiency and reliability Permanent Edge Protection Frameless PV modules with glass backsheets are visually appealing but vulnerable to edge damage during production, transportation, and installation. Edge protection tape not only enhances the aesthetic appeal of frameless modules but also significantly reduces breakage rates by sealing edges to prevent water ingress or delamination. Recommended Tape: Matte Black Single-Sided Tape (PET Tape) Key Benefits: Protective sealing and durability Water resistance and reduced breakage Fixing and Aligning Solar Cells During the lamination process, solar cells must remain securely positioned, and wire harnesses should be neatly aligned. PET tape is ideal for this purpose as it provides excellent UV resistance and anti-aging properties, critical for long-term reliability. Recommended Tape: PET Tape Key Benefits: Maintains cell alignment during lamination Fixes and insulates solar ribbons in thin-film modules Organizing Junction Box WiresLoose wiring at the back of PV modules poses risks to product quality and installation safety. MOPP tape provides superior instant adhesion for securely fastening wire harnesses to various backsheet materials. Even after extended overseas transport, it remains easy to remove without leaving residue. Recommended Tape: MOPP Tape Key Benefits: Secure wire management Clean removal with no adhesive residue Mounting Junction Boxes Using PE foam tape for immediate bonding during junction box installation improves both safety and adhesion quality. This eliminates issues caused by silicone sealants, such as displacement during curing or incomplete bonding. The foam tape also offers UV resistance and a visually clean, even finish. Recommended Tape: PE Foam Tape Key Benefits: Improved safety and adhesion quality Weather durability and aesthetic finishFixing and Insulating Busbars In thin-film PV modules, busbars traverse the cell area and require secure insulation. Double-sided PET insulating tape is the perfect solution, offering strong adhesion to coated glass while providing reliable insulation. Recommended Tape: PET Insulating Tape Key Benefits: Fixes busbars securely Ensures electrical insulation Shielding Conductive Leads Conductive leads in PV modules require shielding on the sunlight-exposed side. Single-sided PET tape is excellent for permanently covering metal leads, ensuring a clean appearance and robust electrical insulation. These tapes are highly resistant to temperature changes, UV exposure, and environmental factors, making them ideal for permanent use. Recommended Tape: PET Light-Blocking Tape Key Benefits: Superior light-blocking and insulation properties Excellent peel strength and resistance to environmental degradation Removability from plastic and metal surfaces Temporary Hole Sealing During lamination, adhesive tape is essential for fixing leads and temporarily sealing holes or cracks in the backsheet. PET light-blocking tape provides high adhesion, heat resistance, and easy removability, making it versatile for various backsheet materials. Recommended Tape: PET Light-Blocking Tape Key Benefits: High adhesive strength Heat resistance and clean removal Broad compatibility with different backsheet materials Conclusion Adhesive tapes are indispensable in the solar photovoltaic industry, providing efficient, reliable, and long-lasting solutions for module assembly and protection. Whether for bonding frames, protecting edges, or managing electrical components, each tape type offers specific advantages tailored to the demands of modern PV module production. By integrating advanced adhesive technologies, manufacturers can ensure the durability, performance, and safety of solar modules in even the most challenging environments. Media Contact Company Name: Dongguan new Youwei adhesive products Co., Ltd. Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=the-most-comprehensive-guidance-to-the-application-of-solar-tape ] Country: China Website: https://www.uwtapes.com/ This release was published on openPR.
MINNEAPOLIS — The brazen killing of UnitedHealthcare CEO Brian Thompson has captivated the nation this week, as authorities continue to search for the man who fatally shot the Maple Grove resident outside an investors’ meeting in Manhattan earlier this week. As of Friday afternoon, police were testing DNA from a water bottle and examining a fake New Jersey ID and a cellphone that may be connected to the suspect, the New York Times reported . Friday evening, investigators found a backpack in Central Park like the one that had been carried by the shooter, police said. According to the Times, it was unclear if the gun used in the shooting was found in the bag. Investigators believed the gun possibly was fitted with a suppressor, or might have been a veterinary gun used by farmers and ranchers to put down animals without making a loud sound. The FBI also announced Friday night a $50,000 reward for information leading to an arrest and conviction. Here’s what else we know about the case, the company and Thompson himself: No motive as manhunt continues Authorities continue searching for the man who shot and killed Thompson in Manhattan. They have not released a name or motive. The shooter approached Thompson from behind and fired several times before he fled into an alley nearby and then hopped on an e-bike and rode north to Central Park, police said. The day after Thompson’s death, Maple Grove police reported bomb threats against two homes the family owns in the city. Investigators on Thursday released photos that partly reveal the face of a person of interest in the case. Authorities found at least one bullet casing on the scene with the word “deny” on it, reviving criticism of a company and industry that became known for denying medical care claims. Minnesota health care companies step up security Minnetonka-based Medica temporarily closed its headquarters Friday amid a “general feeling of vulnerability and concern” as insurers faced mounting online vitriol in the wake of Thompson’s killing. UnitedHealth Group’s note of remorse about Thompson’s killing has attracted more than 83,000 laughing emoji reactions on Facebook. A spokesperson said the company’s offices will be closed through Dec. 13, citing safety concerns that sprang up following Wednesday’s shooting. Other insurers have taken similar steps to reduce the visibility of top executives. While Minneapolis-based UCare remains open, its front doors were locked Friday morning. “Of course Brian Thompson’s murder — and the ensuing vitriol on social media — sent shockwaves throughout our industry,” UCare said in a statement. “We have no reason to believe there is any danger specifically to our team. At the same time, there is a general feeling of vulnerability and concern.” Thompson’s killing has prompted companies, especially those in health care, across the country to step up security. “It’s a wake-up call for a lot of companies,” said Glen Kucera, the New York-based president of Enhanced Protection Services, an arm of security company Allied Universal. “Unfortunately, it sometimes takes an event like this to impact change in the threat landscape.” What we know about Brian Thompson Thompson lived in Maple Grove . His wife, Paulette, works as a physical therapist with HealthPartners. They have two teenage sons, 19 and 16. Thompson worked at UnitedHealthcare for 20 years and was named its CEO in 2021 . The Minnesota Star Tribune reported this year that Thompson was among the state’s top-paid executives with a total compensation of $9.1 million. Both Thompson and his wife graduated from the University of Iowa, where he got a bachelor’s degree in business administration in 1997. He graduated with special honors. While Thompson wasn’t well-known to his neighbors — one said he was “very quiet” and another said “no one really knew him” on the block — his killing shook co-workers and local business leaders. He was known as a champion for UnitedHealthcare’s support of the Special Olympics and an advocate for American Sign Language access across health care. “Brian was a principled leader and a true champion in the healthcare community,” Roberta Antoine Dressen, CEO of local trade group Medical Alley, said in a statement. UnitedHealthcare is one of Minnesota’s largest employers UnitedHealthcare is the largest insurer in the U.S. It’s owned by Minnetonka-based UnitedHealth Group, which employs more than 400,000 people. It’s Minnesota’s 10th-largest employer — approximately 19,000 of its employees are stationed here. The company has its roots in the development of the health maintenance organization model of health care pioneered by Dr. Paul Ellwood in the 1960s and ‘70s. UnitedHealthcare has been criticized by media and elected officials because of the way the company reviews and denies requests and claims for medical care. The U.S. Senate Permanent Subcommittee on Investigations announced in October that UnitedHealthcare and two other major Medicare insurers inflated profits by denying seniors stays in care facilities while they recovered from injuries and illnesses. The company went from denying 10.9% of cases in 2020 to 22.7% in 2022, according to a report from the subcommittee. Minnesota lawmakers barred UnitedHealthcare and other HMOs from the state’s Medicaid program earlier this year. ©2024 The Minnesota Star Tribune. Visit startribune.com . Distributed by Tribune Content Agency, LLC
ORLANDO, Fla. — It was a season of Iowa State comebacks. And fittingly, that's how it ended for the Cyclones. Game MVP Rocco Becht scored from a yard out on fourth-and-goal with 56 seconds remaining and No. 18 Iowa State capped the best season in school history by rallying past No. 15 Miami 42-41 in the Pop-Tarts Bowl on Saturday. Becht finished with 270 passing yards and three touchdowns for Iowa State (11-2), a program that entered this season — the 133rd year of Cyclone football — never having won more than nine games in a year. “If you look at this team, it’s really who they’ve been all year,” coach Matt Campbell said. The win marked the fourth time in 2024 that Iowa State got a winning score with less than two minutes remaining. For this one, the Cyclones rallied from a 10-point deficit in the second half — with Miami quarterback Cam Ward watching after a record-setting first half — to get win No. 11. Carson Hansen rushed for a pair of touchdowns for Iowa State. And as the MVP, Becht got the honor of choosing which flavor Pop-Tart was to be sacrificed in a giant toaster. “There's only one,” Becht said. “Cinnamon roll.” Ward passed for three touchdowns in his final college game, while Damien Martinez rushed for a career-high 179 yards for Miami (10-3), which dropped its sixth straight bowl game and lost three of four games to end the season — those three losses by a combined 10 points. "Disappointed that we couldn't pull out a victory," Miami coach Mario Cristobal said. “These guys have always fought and always competed and this was no exception. ... It's painful. It's as painful as it gets when you don't win. But there's a lot to build on.” NEBRASKA 20, BOSTON COLLEGE 15: Dylan Raiola passed for 228 yards and a touchdown as Nebraska built an 18-point lead through three quarters and hung on for its first bowl victory since 2015. Raiola hit Emmett Johnson with a 13-yard TD pass on fourth down with 3:02 remaining in the third quarter for a 20-2 edge and the Cornhuskers (7-6) held on for the win at Yankee Stadium. Raiola completed 23 of 31 passes in front of a sizable Nebraska crowd that celebrated the team's first bowl win since topping UCLA in the 2015 Foster Farms Bowl and first winning season since 2016. Raiola completed passes to 10 receivers, including Jahmal Banks, who finished with four receptions for 79 yards. Grayson James finished 25 of 40 for 296 yards as Boston College (7-6). ARIZONA BOWL MIAMI (OHIO) 43, COLORADO STATE 17: Kevin Davis had a career-high 148 yards rushing and two touchdowns on just nine carries, and Jordan Brunson also ran for two TDs to help Miami (Ohio) wrapped the season at 9-5 by beating Colorado State (8-5) in Tucson, Ariz. Davis scored on a 4-yard run with 12:35 left in the third quarter, Matt Salopek forced a fumble that was recovered by Silas Walters and quarterback Brett Gabbert's first rushing touchdown of the season — a 10-yard scramble that capped a 47-yard drive — made it 22-3 about 2 minutes later. UCONN 27, NORTH CAROLINA 14: Joe Fagnano threw for 151 yards and two touchdowns to help the Huskies (9-4) beat the Tar Heels (6-7) at Fenway Park, embarrassing incoming coach Bill Belichick's new team in his old backyard. Mel Brown rushed for 96 yards for UConn and Skyler Bell caught three passes for 77 yards, including a 38-yard touchdown that gave the Huskies a 10-0 first-quarter lead. Chris Culliver returned the ensuing kickoff 95 yards for a touchdown, but that would be Carolina's only production in the first half. TCU 34, LOUISIANA 3: Josh Hoover passed for four touchdowns as the Horned Frogs (9-4) routed the Ragin' Cajuns (10-4) in Albuquerque. Hoover was 20 for 32 for 252 yards with an interception. Eric McAlister had eight catches for 87 yards and a TD for the Horned Frogs. TCU's defense also had a solid day, holding Louisiana-Lafayette to 209 yards, including 61 on the game's final possession. LATE FRIDAY LAS VEGAS BOWL USC 35, TEXAS A&M 31: Jayden Maiava threw a 7-yard touchdown pass to tight end Kyle Ford with eight seconds left to give Southern California the victory over Texas A&M (8-5) in the Las Vegas Bowl. A graduate of Liberty High School in nearby Henderson and a transfer from UNLV, Maiava helped the Trojans (7-6) overcome a 17-point deficit. Be the first to know Get local news delivered to your inbox!
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ALTOONA, Pa. — After UnitedHealthcare’s CEO was gunned down on a New York sidewalk, police searched for the masked gunman with dogs, drones and scuba divers. Officers used the city's muscular surveillance system. Investigators analyzed DNA samples, fingerprints and internet addresses. Police went door-to-door looking for witnesses. When an arrest came five days later, those sprawling investigative efforts shared credit with an alert civilian's instincts. A Pennsylvania McDonald's customer noticed another patron who resembled the man in the oblique security-camera photos that New York police had publicized. Luigi Nicholas Mangione, a 26-year-old Ivy League graduate from a prominent Maryland real estate family, was arrested Monday in the killing of Brian Thompson, who headed one of the United States’ largest medical insurance companies. He remained jailed in Pennsylvania, where he was initially charged with possession of an unlicensed firearm, forgery and providing false identification to police. By late evening, prosecutors in Manhattan had added a charge of murder, according to an online court docket. He's expected to be extradited to New York eventually. It’s unclear whether Mangione has an attorney who can comment on the allegations. Asked at Monday's arraignment whether he needed a public defender, Mangione asked whether he could “answer that at a future date.” Mangione was arrested in Altoona, Pennsylvania, after the McDonald's customer recognized him and notified an employee, authorities said. Police in Altoona, about 233 miles (375 kilometers) west of New York City, were soon summoned. They arrived to find Mangione sitting at a table in the back of the restaurant, wearing a blue medical mask and looking at a laptop, according to a Pennsylvania police criminal complaint. He initially gave them a fake ID, but when an officer asked Mangione whether he’d been to New York recently, he “became quiet and started to shake,” the complaint says. When he pulled his mask down at officers' request, “we knew that was our guy,” rookie Officer Tyler Frye said at a news conference in Hollidaysburg. New York Police Commissioner Jessica Tisch said at a Manhattan news conference that Mangione was carrying a gun like the one used to kill Thompson and the same fake ID the shooter had used to check into a New York hostel, along with a passport and other fraudulent IDs. NYPD Chief of Detectives Joseph Kenny said Mangione also had a three-page, handwritten document that shows “some ill will toward corporate America." A law enforcement official who wasn’t authorized to discuss the investigation publicly and spoke with The Associated Press on condition of anonymity said the document included a line in which Mangione claimed to have acted alone. “To the Feds, I’ll keep this short, because I do respect what you do for our country. To save you a lengthy investigation, I state plainly that I wasn’t working with anyone,” the document said, according to the official. It also had a line that said, “I do apologize for any strife or traumas but it had to be done. Frankly, these parasites simply had it coming.” Pennsylvania prosecutor Peter Weeks said in court that Mangione was found with a passport and $10,000 in cash — $2,000 of it in foreign currency. Mangione disputed the amount. Thompson, 50, was killed last Wednesday as he walked alone to a midtown Manhattan hotel for an investor conference. Police quickly came to see the shooting as a targeted attack by a gunman who appeared to wait for Thompson, came up behind him and fired a 9 mm pistol. Investigators have said “delay,” “deny” and “depose” were written on ammunition found near Thompson’s body. The words mimic a phrase used to criticize the insurance industry. From surveillance video, New York investigators gathered that the shooter fled by bike into Central Park, emerged, then took a taxi to a northern Manhattan bus terminal. Once in Pennsylvania, he went from Philadelphia to Pittsburgh, “trying to stay low-profile” by avoiding cameras, Pennsylvania State Police Lt. Col. George Bivens said. A grandson of a wealthy, self-made real estate developer and philanthropist, Mangione is a cousin of a current Maryland state legislator. Mangione was valedictorian at his elite Baltimore prep school, where his 2016 graduation speech lauded his classmates’ “incredible courage to explore the unknown and try new things.” He went on to earn undergraduate and graduate degrees in computer science in 2020 from the University of Pennsylvania, a spokesperson said. “Our family is shocked and devastated by Luigi’s arrest,” Mangione’s family said in a statement posted on social media late Monday by his cousin, Maryland lawmaker Nino Mangione. “We offer our prayers to the family of Brian Thompson and we ask people to pray for all involved.” Luigi Nicholas Mangione worked for a time for the car-buying website TrueCar and left in 2023, CEO Jantoon Reigersman said by email. From January to June 2022, Mangione lived at Surfbreak, a “co-living” space at the edge of Honolulu tourist mecca Waikiki. Like other residents of the shared penthouse catering to remote workers, Mangione underwent a background check, said Josiah Ryan, a spokesperson for owner and founder R.J. Martin. “Luigi was just widely considered to be a great guy. There were no complaints,” Ryan said. "There was no sign that might point to these alleged crimes they’re saying he committed.” At Surfbreak, Martin learned Mangione had severe back pain from childhood that interfered with many aspects of his life, from surfing to romance, Ryan said. “He went surfing with R.J. once but it didn’t work out because of his back," Ryan said, but noted that Mangione and Martin often went together to a rock-climbing gym. Mangione left Surfbreak to get surgery on the mainland, Ryan said, then later returned to Honolulu and rented an apartment. Martin stopped hearing from Mangione six months to a year ago. Although the gunman obscured his face during the shooting, he left a trail of evidence in New York, including a backpack he ditched in Central Park, a cellphone found in a pedestrian plaza, a water bottle and a protein bar wrapper. In the days after the shooting, the NYPD collected hundreds of hours of surveillance video and released multiple clips and still images in hopes of enlisting the public’s eyes to help find a suspect. “This combination of old-school detective work and new-age technology is what led to this result today,” Tisch said at the New York news conference. ___