Takeda Spotlights High-Value, Late-Stage Pipeline Accelerating the Development of Potential Transformative Treatments for Patients in Multiple Therapeutic AreasS&P Dow Jones Indices Announces Dow Jones Sustainability Indices 2024 Review ResultsAmid another lost season for the New York Giants, they can't escape any drama. Instead of simply releasing , they and . The Giants are almost certainly preparing to draft a new quarterback this coming April, so they want the deck cleared. But stud rookie receiver Malik Nabers seemingly has a stark warning about that thought process. After the Giants took a 30-7 loss on the chin from the Tampa Bay Buccaneers, Nabers said he doesn't think the reason the 2-9 Giants keep losing is because of their quarterback play -- even though Jones and DeVito are both awful in their own unique ways. Oh? Then who could it be? Oh, right. Nabers didn't elaborate upon who the Giants' real issue was after bringing this to light, but he almost certainly knew what he was doing by making this statement in public: Malik Nabers: “I know I’m tired of losing” Says it’s not the quarterback — Charlotte Carroll (@charlottecrrll) If Nabers is implying what I think he's implying, then the Giants' main problem is the duo between general manager Joe Schoen and head coach Brian Daboll. Schoen has very few draft and free-agent hits in three years on the job in New York. He's also the GM who gave Jones a contract extension after a fluky playoff campaign in 2022 and who built the offensive line that let DeVito get sacked four times against an underwhelming Tampa Bay defense on Sunday. Meanwhile, Daboll had a respected reputation as a quarterback whisperer after helping Josh Allen on the Buffalo Bills. But he's also three years into the job, and the Giants have no identity in any phase. Oh, and over a personality squabble. At this rate, the Giants might need a full reset. They should consider firing both Schoen and Daboll in the offseason. That's because their underwhelming body of work does not merit getting a fourth year together. If Nabers won't say it, I'll say it for him.
HOUSTON , Dec. 12, 2024 /PRNewswire/ -- Gravity Oilfield Services Inc. ("Gravity" or the "company"), a growth-oriented water and power infrastructure company backed by affiliates of Clearlake Capital Group, L.P. ("Clearlake"), announced today that it has agreed to sell its Gravity Water Midstream division to Delek Logistics Partners, LP DKL ("Delek Logistics"). Gravity Water Midstream provides gathering, transportation, recycling, storage, and disposal solutions for produced water in the Midland Basin in Texas and the Williston Basin in North Dakota . "The acquisition of Gravity Water Midstream by Delek Logistics creates a path to continue to build incredible scale in our water midstream platform in the Midland Basin," said Rob Rice , CEO of Gravity. "I am thankful to the employees of Gravity for their focus on service and dedication to building one of the largest commercial water management platforms in the Midland and Williston Basins. Building this water midstream platform would not be possible without the incredible support and partnership of Clearlake. I am excited to welcome in this new era for water management in the Midland and Williston Basins under the capable leadership of Delek Logistics." While Gravity is divesting its water midstream assets, the company will retain ownership and operation of its power infrastructure assets, continuing its commitment to providing critical power generation offerings. Clearlake and Gravity partnered in 2017 to pursue produced water midstream opportunities. Over the last several years, Gravity has focused on organically growing its water infrastructure business to support producers in the Midland and Williston basins, and its water business segment has quickly grown into one of the largest commercial operators of disposal wells in the Midland Basin. Gravity Water Midstream developed a system comprised of 200+ miles of permanent pipeline, 46 SWD facilities, and 14 fresh water facilities with over six million barrels of storage capacity, all of which form an extensive and interconnected network. "We valued the opportunity to partner with the Gravity team as they executed a vision to build a leading water midstream platform in the Midland and Williston Basins," said José E. Feliciano, Co-Founder and Managing Partner, and Colin Leonard, Partner and Managing Director, of Clearlake. "We'd like to thank Rob and the entire Gravity Water Midstream team for their hard work and commitment to growing the business organically over the last several years." Piper Sandler & Co served as exclusive financial advisor and Vinson & Elkins LLP served as legal counsel to Gravity in connection with the transaction. About Gravity Gravity is a growth-oriented provider of energy infrastructure services to U.S. onshore oil and natural gas exploration and production companies, providing water midstream solutions, critical power generation offerings and other production focused services. Gravity has significant coverage density in the Permian Basin and benefits from a national footprint supported by facilities, operations and management personnel in several other key domestic resource plays including the Bakken, Eagle Ford, SCOOP/STACK, DJ Basin, Haynesville and Marcellus, among others. More information is available at www.gvty.com . About Clearlake Capital Group Founded in 2006, Clearlake Capital Group, L.P. is an investment firm founded operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlake's operational improvement approach, O.P.S. ® The firm's core target sectors are industrials, technology, and consumer. Clearlake has over $85 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK, Dublin, Ireland , Singapore , and Abu Dhabi , UAE. More information is available at www.clearlake.com and on X @Clearlake . Media Contacts: For Gravity Heather Heacock , (281) 640-3043 Marketing Communication Manager heather.heacock@gvty.com For Clearlake Jennifer Hurson , (845) 507-0571 Lambert jhurson@lambert.com View original content to download multimedia: https://www.prnewswire.com/news-releases/gravity-agrees-to-sell-water-midstream-business-to-delek-logistics-302330850.html SOURCE Gravity Oilfield Services Inc.; Clearlake Capital Group © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Overhauls of 'heritage brands' raise the question: How important are our products to our identities?
Louisville extends athletic director Josh Heird for 5 years through June 2030Long-term investment is the key to life-changing returns in the stock market, and few companies highlight this concept better than Nvidia ( NVDA -2.25% ) . If you bought $1,000 worth of the chipmaker's stock 10 years ago, you would have roughly $267,000 today -- a return of 26,600%. That said, past returns don't guarantee future results -- especially in an incredibly speculative new industry. Let's examine the pros and cons of Nvidia stock to determine whether the legendary technology giant still has multibagger potential over the long term. A history of boom and bust cycles Nvidia's core business has always been designing and selling graphics processing units (GPUs), a type of computer chip capable of parallel processing (running multiple calculations simultaneously). This tech proved crucial in rendering video game graphics, helping Nvidia dominate the custom PC and gaming laptop markets in the 2000s. When Bitcoin launched in 2009, GPUs found another use case in cryptocurrency mining, leading to Nvidia's second boom cycle. At the time, many blockchains used GPU computing power to validate their networks and mint more coins in a process called proof-of-work (PoW). This market declined substantially in 2022, erasing billions from Nvidia's market cap. Video gaming and crypto mining hardware are both represented in Nvidia's gaming segment, which posted third-quarter sales of just $3.3 billion or just around 9% of total sales . Generative artificial intelligence (AI) has become the company's latest boom cycle, causing its data center business to soar to represent 88% of total sales. The company is very nondiversified and vulnerable to another rapid change in its fortunes. How will the generative AI story end? Over the next 10 years, Nvidia's AI hardware business could face threats to its growth and profitability. And it isn't hard to see why. With a gross margin of 75%, Nvidia is selling hardware at software-level margins. For context, software-as-a-service (SaaS) giant Microsoft has a gross margin of just 69%, selling mainly digital products and services. Nvidia's market dominance will naturally encourage customers to replace its products wherever possible. While Nvidia seems to be able to keep direct competition (from other AI chipmakers like Advanced Micro Devices ) at bay, it can't stop "hyperscaler" clients like Alphabet and Amazon from designing their own custom chips or simply holding on to their old Nvidia hardware instead of upgrading to the latest models every year. Nvidia's sky-high margins may also come under increasing pressure from suppliers like Taiwan Semiconductor , which helps manufacture its highest-end AI chips. In June, analysts at Morgan Stanley reported that the fab is considering raising production fees for Nvidia. And if this is true, it could eventually eat into the company's margins. To be fair, however, Nvidia's third-quarter operating income soared 174% to $18.6 billion. And its forward price-to-earnings (P/E) of just 33 seems quite low compared to this growth rate, suggesting a possible slowdown in earnings growth may already be partially priced in. Is Nvidia stock a buy? Generally, time in the market is better than timing the market. And even if you bought Nvidia stock at the peak of its previous boom cycles, you would still have come out ahead if you held shares long enough. That said, with a market cap of $3.5 trillion, Nvidia has become the second-largest company in the world. So, things may be different now. Newton's second law of motion states that the larger an object is, the more force is needed to move it. And while the 18th-century physicist probably didn't have financial markets in mind, the concept can hold true for stocks. Investors who buy Nvidia now are making some very optimistic assumptions about the future of the AI industry. And it may make more sense to wait until the hype dies down before buying shares.
EAST RUTHERFORD, N.J. (AP) — Tampa Bay Buccaneers quarterback Baker Mayfield embarrassed the woeful Giants with his arm and legs, and if that wasn't enough, he rubbed it in by mimicking New York fan favorite Tommy DeVito's celebratory dance after scoring a touchdown. Mayfield catapulted into the end zone on a spectacular 10-yard scramble for one of Tampa Bay's four rushing TDs, and the Buccaneers beat the Giants and new starting quarterback DeVito 30-7 on Sunday, snapping a four-game losing streak and extending New York's skid to six. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.Social media monitoring intensifies in J&K
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