
CHICAGO, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Technip Energies (PARIS:TE) and LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech”) announced that the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) has committed up to $200 million in federal funding and authorized the initiation of Phase 1 of their Sustainable Ethylene from CO 2 Utilization with Renewable Energy Project (Project SECURE). Project SECURE, led by Technip Energies in partnership with LanzaTech, aims to provide an integrated commercial process which takes captured carbon dioxide from ethylene production and recycles it with low carbon intensity hydrogen to create sustainable ethanol and ethylene. This joint technology solution is intended to first be deployed in the U.S. Gulf Coast region for integration directly into an existing commercial ethylene cracker and has significant replication potential for ethylene crackers worldwide. Globally, there are approximately 370 ethylene steam crackers, over 40 percent of which use Technip Energies’ technology, including eight in the US. LanzaTech’s carbon recycling technology, which has benefited from previous DOE support, can also be utilized in any industry with waste carbon, allowing other sectors to profit from capturing and recycling carbon-rich emissions into valuable ethanol, instead of sequestering or releasing them into the atmosphere. OCED has committed up to $200 million throughout the project duration to Project SECURE to fund the design, engineering, construction, and equipment for the commercial-scale integrated technology unit. Today’s announcement represents the award of nearly $20 million for the first of four phases to be funded by OCED over the course of the project. During Phase 1 of the project, Technip Energies and LanzaTech will conduct a Front-End Engineering Design (FEED) study, develop project plans, provide documentation and reports necessary to complete the National Environmental Policy Act (NEPA) review, and engage with local community and labor stakeholders. Arnaud Pieton, CEO at Technip Energies, stated “ We are pleased to receive the Phase 1 award from the OCED and begin the engineering design work to progress the development of this innovative technology. The global population is expected to continue to rise by 2050, bringing with it a greater demand for consumer goods that rely on ethylene. While addressing this growing demand, we absolutely need to decarbonize ethylene production. We not only need to do something about carbon but very importantly with carbon. That is what our partnership with LanzaTech on this technology is all about. Leveraging our long-lasting leadership in ethylene, we are committed, together with LanzaTech, to develop this technology at scale and continue to explore ways to decarbonize ethylene production.” Dr. Jennifer Holmgren, Chair and CEO of LanzaTech stated, “ We are thrilled to reach this milestone and commence work on this important project. Ethylene is a key building block for thousands of chemicals and materials, and is often referred to as the world’s most important chemical. Our project not only increases the efficiency and value of existing ethylene production infrastructure, but also creates high-quality jobs and supports local communities . Circularizing our global carbon economy requires combining ambition with action, and we are grateful for the shared vision and support of the OCED to advance this replicable technology, strengthening our domestic manufacturing base for valuable commodities .” OCED’s mission is to deliver clean energy demonstration projects at scale in partnership with the private sector to accelerate deployment, market adoption, and the equitable transition to a decarbonized system. OCED will provide oversight of the project by evaluating the status and quality of implementation at each phase of the project. Through its phased approach to project management oversight, OCED will review and evaluate the project’s progress, including community benefits, which impact OCED’s decision to continue to provide federal funding and allow a project to progress to the following phase. About Technip Energies Technip Energies is a global technology and engineering powerhouse. With leadership positions in LNG, hydrogen, ethylene, sustainable chemistry, and CO 2 management, we are contributing to the development of critical markets such as energy, energy derivatives, decarbonization, and circularity. Our complementary business segments, Technology, Products and Services (TPS) and Project Delivery, turn innovation into scalable and industrial reality. Through collaboration and excellence in execution, our 17,000+ employees across 34 countries are fully committed to bridging prosperity with sustainability for a world designed to last. Technip Energies generated revenues of €6 billion in 2023 and is listed on Euronext Paris. The Company also has American Depositary Receipts trading over the counter. For further information: www.ten.com Contacts Technip Energies About LanzaTech LanzaTech Global, Inc. (NASDAQ: LNZA) is the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, materials, and protein for everyday products. Using its bio-recycling technology, LanzaTech captures carbon generated by energy-intensive industries at the source, preventing it from being emitted into the air. LanzaTech then gives that captured carbon a new life as a clean replacement for virgin fossil carbon in everything from household cleaners and clothing fibers to packaging and fuels. By partnering with companies across the global supply chain like ArcelorMittal, Coty, Craghoppers, REI, and LanzaJet, LanzaTech is paving the way for a circular carbon economy. For more information about LanzaTech, visit https://lanzatech.com . LanzaTech Global, Inc. Investor Relations Kate Walsh VP, Investor Relations & Tax Investor.Relations@lanzatech.com Media Relations Kit McDonnell Director of Communications press@lanzatech.com Important Information for Investors and Securityholders Forward-Looking Statements This Press Release contains forward-looking statements that reflect Technip Energies’ and LanzaTech’s (the “Companies”) intentions, beliefs or current expectations and projections about the Companies’ future results of operations, anticipated revenues, earnings, cashflows, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Companies operate. Forward-looking statements are often identified by the words “believe”, “expect”, “anticipate”, “plan”, “intend”, “foresee”, “should”, “would”, “could”, “may”, “estimate”, “outlook”, and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on the Companies’ current expectations, beliefs and assumptions concerning future developments and business conditions and their potential effect on the Companies. While the Companies believe that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting the Companies will be those that the Companies anticipate. All of the Companies’ forward-looking statements involve risks and uncertainties, some of which are significant or beyond the Companies’ control, and assumptions that could cause actual results to differ materially from the Companies’ historical experience and the Companies’ present expectations or projections. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements. For information regarding known material factors that could cause actual results to differ from projected results, please see Technip Energies’ risk factors set forth in Technip Energies’ 2023 Annual Financial Report filed on March 8, 2024 and in Technip Energies’ 2024 Half-Year Report filed on August 1, 2024, with the Dutch Autoriteit Financiële Markten (AFM) and the French Autorité des Marchés Financiers (AMF) which include a discussion of factors that could affect Technip Energies’ future performance and the markets in which the Company operates. For information regarding LanzaTech’s risk factors that could cause actual results to differ from projected results, please see information contained in LanzaTech’s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q, as well as other existing and future filings with the U.S. Securities and Exchange Commission. Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. The Companies undertake no duty to and will not necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law.RICHMOND, Ky. (AP) — Matt Morrissey threw a 67-yard touchdown pass to Marcus Calwise Jr. that ended the scoring midway through the fourth quarter and Eastern Kentucky beat North Alabama 21-15 on Saturday for its fifth straight win. TJ Smith drove North Alabama to the EKU 45-yard line before he threw an interception to Mike Smith Jr. to end the game. Smith threw a 24-yard touchdown pass to Dakota Warfield to give North Alabama a 15-14 lead with 10:37 to play. Morrissey completed 9 of 15 passes for 154 yards and added 60 yards on the ground with a touchdown run. Brayden Latham added 103 yards rushing on 19 carries that included a 2-yard score for Eastern Kentucky (8-4, 6-2 United Athletic Conference). Smith was 23-of-39 passing for 325 yards with a touchdown and two interceptions for North Alabama (3-9, 2-5). Tanaka Scott had 109 yards receiving and a touchdown catch. ___ Get alerts on the latest AP Top 25 poll throughout the season. Sign up here ___ AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football
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The claim: The owner of Hobby Lobby is also the finance director of the Heritage Foundation A Nov. 9 Threads post ( direct link , archive link ) draws a line connecting a retail giant and a conservative think tank. “The Heritage Foundation is behind Project25 (sic),” the post reads. “Their Director of Finance is David Green. Owner of Hobby Lobby. You know what to do.” The post was reposted about 100 times in 18 days. More from the Fact-Check Team: How we pick and research claims | Email newsletter | Facebook page Our rating: False While the founder and CEO of Hobby Lobby has been a significant supporter of conservative causes, he is not the Heritage Foundation’s finance director – and he no longer owns the arts-and-crafts retailer. Men named David Green hold both positions, but it's two different men. Photos, resumes make difference clear While David Green of Hobby Lobby is a staunch supporter of conservative causes , he’s not the same David Green at the Heritage Foundation. "It’s entirely misinformation – they're two separate men,” Noah Weinrich , a Heritage spokesperson, told USA TODAY in an email. “The Hobby Lobby CEO has never been an employee of Heritage.” Pictures of the two men on websites for Hobby Lobby and the Heritage Foundation show two clearly different men. Basic biographical details make it even clearer. Fact check : Trump's CIA director, 'border czar' picks were Project 2025 contributors Heritage’s Green graduated from Virginia Tech in 1994 and lists almost 30 years of work for banks, auditing firms and nonprofits on his LinkedIn profile . Hobby Lobby’s Green founded his company in 1970, according to the company’s website . He also no longer owns it – announcing in 2022 that he gave away ownership to use its profits to support ministries and other Christian causes. The social media post’s linking of the Heritage Foundation to Project 2025 is accurate, as the foundation organized more than 100 conservative groups to develop the playbook for the incoming Republican presidential administration . USA TODAY could not reach the social media user who shared the claim for comment. PolitiFact and Reuters also debunked the claim. Our fact-check sources Thank you for supporting our journalism. You can subscribe to our print edition, ad-free app or e-newspaper here . USA TODAY is a verified signatory of the International Fact-Checking Network, which requires a demonstrated commitment to nonpartisanship, fairness and transparency. Our fact-check work is supported in part by a grant from Meta .Mumbai, Nov 23 (PTI) The outcome of the Maharashtra Assembly elections once again underscored the influence of political dynasties, with prominent families retaining their strongholds across the state, including the Thackerays and the Ranes. Shiv Sena candidate Nilesh Rane and his MLA brother from BJP Nitesh Rane, state minister Uday Samant and his brother Kiran Samant- both from Shiv Sena led by CM Ekanth Shinde- secured victories in the coastal regions of Sindhudurg and Ratnagiri, while the Thackeray family also registered successes in Mumbai. Also Read | Maharashtra Assembly Poll Results Unexpected, Incomprehensible; Something Fishy, Says Uddhav Thackeray. In Sindhudurg district, Nitesh Rane successfully retained his Kankavli seat, while his elder brother, Nilesh Rane, marked a major victory from the neighbouring Kudal constituency. Nilesh Rane, a former MP, defeated the incumbent Shiv Sena (UBT) MLA, Vaibhav Naik, from the Kudal constituency. Rane won by a margin of 8,176 votes, polling 81,659 votes in his favour. Also Read | Maharashtra Assembly Elections Results 2024: 5 Major Factors That Helped MahaYuti To Win Landslide Victory. Rane brothers' father and former Union minister Narayan Rane had also triumphed in the Lok Sabha elections earlier this year, continuing the family's political dominance in the region. Nitesh Rane successfully retained his Kankavli seat in Sindhudurg by trouncing his nearest rival Sandesh Parkar of Shiv Sena (UBT) by 58,007 votes. Nitesh garnered 1,08,369 votes and Parkar 50,362. Interestingly, the Rane brothers were not the only ones to dominate in the Konkan region. In the neighbouring Ratnagiri district, Uday Samant and his brother Kiran Samant won from Ratnagiri and Rajapur constituencies on Shiv Sena tickets, respectively. The victory marked Kiran Samant's political debut. Uday Samant polled 1,11,335 votes against his Shiv Sena (UBT) challenger Bal Mane. Kiran Samant polled 80,256 seats, defeating Shiv Sena (UBT) MLA Rajan Salvi by 19,677 votes. In Chhatrapati Sambhajinagar district in Marathwada region, Ranjanatai alias Sanjana Jadhav of Shiv Sena defeated her estranged husband, Harshavardhan Jadhav, an Independent candidate from the Kannad seat, in a bitterly contested race. Sanjana Jadhav polled 84,492 votes, defeating Harashvardhan by a margin of 18,201 votes. Sanjana's win added to the growing presence of Shiv Sena in the region, with her brother Santosh Raosaheb Danve, the incumbent BJP MLA, holding on to his Bhokardan seat in nearby Jalna district. In Mumbai, Aaditya Thackeray, son of Shiv Sena (UBT) chief Uddhav Thackeray, retained his Worli seat, trouncing his Shiv Sena rival Milind Deora by 8,801 votes. Aaditya and Deora scored 63,324 and 54,523 votes, respectively. Aaditya's cousin and Shiv Sena (UBT) nominee Varun Sardesai, handed a drubbing to NCP's Zeeshan Siddique in Vandre East constituency in Mumbai in his debut contest. Sardesi defeated Siddique, who contested elections days after his father Baba Siddique was shot dead, by 57,708 votes. Sardesai polled 11,365 votes and Siddique 46,343. Aaditya's father Uddhav Thackeray is an MLC. Mumbai BJP president Ashish Shelar successfully retained his Vandre West seat. However, his brother, Vinod Shelar, was defeated by Congress's Aslam Shaikh in a close contest from the Malad West seat. Ashish Shelar defeated Asif Zakaria of Congress. However, not all family-backed candidates had an easy run. In Latur, Dhiraj Deshmukh, the son of the late Vilasrao Deshmukh and Congress MLA from Latur rural, faced a setback, losing his seat to the BJP in a tightly contested race. His elder brother, Amit Deshmukh, managed to hold onto the Latur city seat after a fierce battle with the BJP's candidate Archana Patil Chakurkar. In the Bhokar constituency, former chief minister Ashok Chavan's daughter and BJP leader Sreejaya Chavan trounced her nearest Congress rival Tirupati Kadam by a margin of 50,551 votes in her debut bout. Sreejaya polled 1,33,187 votes, while Kadam managed 82,636 votes. As per the latest tally, the Mahayuti alliance has won 219 out of the 288 constituencies, while the MVA of Shiv Sena (UBT), NCP (SP), and Congress managed to secure just 42 seats. The counting of votes is still underway. (This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)
Gilead Sciences director Jeffrey Bluestone sells $620,355 in stock"Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum." Section 1.10.32 of "de Finibus Bonorum et Malorum", written by Cicero in 45 BC "Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" To keep reading, please log in to your account, create a free account, or simply fill out the form below.
BRTV Launches Five-Part Documentary Series "Mahoney Observation: The Voice of Public Opinion on '12345'" 12-18-2024 08:58 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: Getnews / PR Agency: SHENZHEN HMEDIUM INFORMATION TECHNOLOGY CO.,LTD The five-part documentary series "Mahoney Observation: The Voice of Public Opinion on '12345'" will air from December 16 to 20 at 9 PM on Beijing Satellite TV. Produced by BRTV, "Mahoney Observation: The Voice of Public Opinion on '12345'" is the first documentary in China to focus on the 12345 hotline from an international perspective, showcasing the concept of whole-process people's democracy. Through the authentic observational lens of Professor Josef Gregory Mahoney from East China Normal University, a scholar and PhD advisor from the United States, the documentary records the public demands addressed by the 12345 hotline regarding issues like alley renovations, property management, simple building relocations, and the installation of elevators in old buildings, forming the basis for this five-episode series. Video: https://www.youtube.com/embed/n_raASh2UuAVideo Link: https://www.youtube.com/embed/n_raASh2UuA BRTV presents a unique perspective and innovative concepts in "Mahoney Observation: The Voice of Public Opinion on '12345'", illustrating Beijing's experience of "responding to complaints immediately." The documentary showcases several characteristics: Using a vivid narrative, BRTV highlights grassroots democracy through compelling stories and examples. It illustrates how reforms in Beijing, such as whistle-blowing, proactive governance, and handling complaints, explore new models for governance in mega-cities. For instance, two communities had differing opinions over a road affecting traffic and expressed their demands through the 12345 hotline. Residents' representatives on both sides showcased their efforts: a 70-year-old woman visiting households to gather opinions, while another resident organized a voting group via WeChat, demonstrating the democratic atmosphere in Beijing vividly. In another case, an old community faced opposition from neighbors during the installation of an elevator, leading to a request via the 12345 system, which initiated communication with the community. The community sought clarification from the district, which then relayed this to Beijing, culminating in the Beijing Municipal Housing and Urban-Rural Development Commission providing a policy interpretation and announcement. This illustrates how the 12345 system patiently addresses every concerned resident through its complaint-handling mechanism. The documentary employs a full-recording approach to resonate with the audience on the joys and sorrows of people's lives. "Mahoney Observation: The Voice of Public Opinion on '12345'" deeply engages with its subjects, presenting genuine emotions and authenticity without staged scenes. Unlike previous experiences where international friends spent a day in the 12345 call center, Professor Mahoney delves into the complexities of five challenging cases, observing and experiencing the process firsthand. The efficiency of the "responding to complaints immediately" system, the intricate grassroots conflicts, the camaraderie and resilience of Beijing residents, and the dedication of grassroots officials evoke a range of emotions in Professor Mahoney-from laughter to anxiety, inspiration to tears. For example, during a visit to a family hesitant to vacate their self-built home due to lack of compensation, Mahoney held the hand of a Chinese woman, sharing stories about his mother. This emotional connection helped her overcome her concerns, leading to her decision to relocate. The documentary not only focuses on the mechanism of "responding to complaints immediately" but also on the individuals involved, questioning whether they find happiness through the 12345 system. Lastly, the documentary adopts a unique commentary perspective that provokes thought. Each episode features extensive original commentary from Professor Mahoney, reflecting his genuine viewpoints. These insights are distinctive and filled with memorable quotes, such as, "The ancient Bell and Drum Towers facilitated top-down communication, while today's 12345 hotline serves as a modern Bell and Drum Tower, promoting bottom-up dialogue." Media Contact Company Name: BRTV Contact Person: Lei Lin Email: Send Email [ http://www.universalpressrelease.com/?pr=brtv-launches-fivepart-documentary-series-mahoney-observation-the-voice-of-public-opinion-on-12345 ] Country: China Website: http://www.btime.com This release was published on openPR.None
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The AP Top 25 men’s college basketball poll is back every week throughout the season! Get the poll delivered straight to your inbox with AP Top 25 Poll Alerts. Sign up here . LAWRENCEVILLE, N.J. (AP) — Cavan Reilly’s 18 points helped Delaware defeat Rider 72-66 on Saturday. Reilly went 6 of 12 from the field (4 for 10 from 3-point range) for the Fightin’ Blue Hens (4-3). Izaiah Pasha added 15 points while finishing 7 of 10 from the floor and also had six rebounds. Erik Timko shot 5 for 9, including 3 for 7 from beyond the arc to finish with 15 points. Jay Alvarez led the Broncs (4-4) in scoring, finishing with 17 points and six rebounds. TJ Weeks Jr. added 15 points, eight rebounds and two steals for Rider. Tariq Ingraham also put up 12 points and 11 rebounds. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
RICHMOND, Ky. (AP) — Matt Morrissey threw a 67-yard touchdown pass to Marcus Calwise Jr. that ended the scoring midway through the fourth quarter and Eastern Kentucky beat North Alabama 21-15 on Saturday for its fifth straight win. TJ Smith drove North Alabama to the EKU 45-yard line before he threw an interception to Mike Smith Jr. to end the game. Smith threw a 24-yard touchdown pass to Dakota Warfield to give North Alabama a 15-14 lead with 10:37 to play. Morrissey completed 9 of 15 passes for 154 yards and added 60 yards on the ground with a touchdown run. Brayden Latham added 103 yards rushing on 19 carries that included a 2-yard score for Eastern Kentucky (8-4, 6-2 United Athletic Conference). Smith was 23-of-39 passing for 325 yards with a touchdown and two interceptions for North Alabama (3-9, 2-5). Tanaka Scott had 109 yards receiving and a touchdown catch. ___ Get alerts on the latest AP Top 25 poll throughout the season. Sign up here ___ AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-footballJames Franklin weighs in on Saquon Barkley's MVP-caliber 1st year with Philadelphia EaglesORLANDO, Fla.--(BUSINESS WIRE)--Dec 18, 2024-- Gilgal Medical Supplies, a leading provider of medical supplies in Florida with locations throughout the state, has announced a strategic change in its operations. Effective immediately, the company will no longer accept insurance for medical supplies. This decision comes after years of increasing challenges and systemic difficulties associated with insurance reimbursement processes. "Providing durable medical equipment and supplies for thousands of patients has always been at the core of our mission," said Thomas Chacko, Vice President at Gilgal Medical Supplies. "However, the constant denials, excessive documentation requests, unnecessary audits, and recoupment efforts by Medicare and insurance companies have made the process untenable." For years, insurance companies have imposed increasingly burdensome requirements, often prioritizing their bottom line over patient care. This has created significant hardships for durable medical equipment providers like Gilgal Medical Supplies, affecting their ability to serve patients effectively. The intense administrative demands and frequent audits have reached a point where continuing to accept insurance is no longer sustainable. Gilgal Medical Supplies has taken measures to ensure its current patients have ample time and support to transition to other providers. "We remain deeply committed to our patients and their well-being," said Thomas Chacko. "We are working diligently to provide them with the necessary resources and guidance during this transition." Moving forward, Gilgal Medical Supplies will focus on retail sales and wholesale distribution. This new direction will allow the company to continue providing high-quality medical supplies without the constraints and inefficiencies of the insurance reimbursement system. "We believe this shift will enable us to serve our customers more effectively and focus on delivering value directly to those who need it," added Thomas Chacko. Gilgal Medical Supplies operates from strategic locations across Florida and we serve thousands of customers a month on a monthly basis. For more information about Gilgal Medical Supplies’ services and offerings, visit www.gilgalmedical.com or call 407 891 2120. About Gilgal Medical Supplies Founded with a mission to serve the medical supply needs of Florida communities, Gilgal Medical Supplies has built a reputation for quality products and exceptional customer service. With a focus on integrity and care, Gilgal remains committed to enhancing lives through reliable and accessible solutions. View source version on businesswire.com : https://www.businesswire.com/news/home/20241218129761/en/ CONTACT: Media Contact: Gilgal Medical Supplies Phone: 407 484 0032 Email:tchacko@gilgalmedical.com KEYWORD: FLORIDA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SURGERY CHILDREN BABY/MATERNITY OTHER HEALTH SOFTWARE ALTERNATIVE ENERGY HARDWARE ENERGY MEDICAL DEVICES INFECTIOUS DISEASES HOSPITALS TECHNOLOGY CARDIOLOGY WOMEN BIOTECHNOLOGY PRACTICE MANAGEMENT VETERINARY AIDS MANAGED CARE MEDICAL SUPPLIES HEALTH MEN FINANCE FAMILY PROFESSIONAL SERVICES CONSUMER SOURCE: Gilgal Medical Supplies Copyright Business Wire 2024. PUB: 12/18/2024 03:00 PM/DISC: 12/18/2024 03:00 PM http://www.businesswire.com/news/home/20241218129761/enThames Water, the troubled UK utility, will see customer bills rise by around 33% over the next five years, as sanctioned by the water regulator Ofwat. This increase is substantially smaller than the 53% rise originally sought by the company, according to sources cited by the Guardian. The decision comes at a time when Thames Water, which serves 16 million customers, has become emblematic of the issues plaguing Britain's water industry. Accusations have surfaced regarding investors prioritizing dividends over essential infrastructure and environmental care. Ofwat's ruling holds significant weight as Thames Water aims to attract a new equity injection of 3.25 billion pounds. This effort is part of a broader rescue plan, which also hinges on judicial approval of a separate 3 billion-pound debt aid. (With inputs from agencies.)
MacKenzie Scott continues to make medical debt relief a priority in her mysterious giving. This week, Undue Medical Debt, formerly RIP Medical Debt, announced it had received a rare third gift — $50 million — from the billionaire philanthropist, signaling her satisfaction with the group’s efforts to purchase medical debt in bulk from hospitals and debt collectors. Scott has donated a total of $130 million to the organization since 2020. Medical debt is increasing despite most of the U.S. population having some form of medical insurance. Nearly 100 million people are unable to pay their medical bills, according to Third Way, a left-leaning national think tank. Overall, Americans owe about $220 billion in medical debt, with historically disadvantaged groups shouldering the bulk of the burden. Lower-income people, people with disabilities, middle-aged adults, Black people, the uninsured, and people living in rural areas are among the groups most likely to be affected by medical debt, according to the Kaiser Family Foundation. Undue Medical Debt buys debt at a discounted price, estimating that it erases about $100 in debt for each $1 donated. The group also collaborates with policymakers to encourage the adoption of measures to curb what people owe for medical care. Scott first gave Undue Medical Debt a $50 million donation in 2020, followed by a $30 million donation in 2022. With that money, the group has relieved nearly $15 billion in debt for more than 9 million people, CEO Allison Sesso said. That’s a significant leap from the $1 billion in debt relieved from 2014 to 2019, she noted. “I’m frankly astounded by this most recent gift from MacKenzie Scott and feel proud to be a steward of these funds as we continue the essential work of dismantling the yoke of medical debt that’s burdening far too many families in this country,” said Sesso. The continued funding has allowed Sesso “to not have to worry about my next dollar,” she said, and “think more strategically about the narrative around medical debt — she has helped us push that conversation.” Undue Medical Debt was started in 2014 by two former debt collection executives, Jerry Ashton and Craig Antico, who were inspired by the Occupy Wall Street movement’s advocacy for debt relief. Growth initially was slow. But with Scott’s gifts, the nonprofit has been able to staff up, produce more research, and develop relationships with policymakers who have pushed for changes to hospital billing practices to relieve debt and prevent people from accumulating it in the first place, Sesso said. Undue Medical Debt’s public policy arm has worked with lawmakers in North Carolina, which in July became the first state to offer additional Medicaid payments to hospitals that agree to adopt debt relief measures, she said. The policy change followed the publication of a 2023 report from Duke University, which found that one in five families in the state had been forced into collections proceedings because of medical debt. Since 2020, the organization’s staff has grown from three to about 40, Sesso said. Those hires included an anthropologist who collects stories from people set back by medical debt to inform the group’s research and advocacy work. Scott’s gifts also have helped improve Undue Medical Debt’s technology to identify people eligible for debt relief and to find hospitals from which it can purchase medical debt, among other things, Sesso said. “This coming year, because of this MacKenzie Scott grant, we’ll be able to add more people, making sure that we can support that growth on an ongoing basis,” Sesso said. Few repeat grantees Few organizations have received more than one gift from Scott. Other multi-grant recipients include Blue Meridian, an intermediary group that has directed billions of dollars to nonprofits around the world, and GiveDirectly, which provides no-strings-attached cash payments to low-income people globally. GiveDirectly has received $125 million from Scott since 2020. Blue Meridian has not disclosed amounts for the four gifts it’s received since 2019. Scott’s contributions to those two organizations were for specific causes like GiveDirectly’s U.S. poverty relief fund, said Christina Im, a senior research analyst at the Center for Effective Philanthropy. In the case of Undue Medical Debt, the timing of Scott’s first gifts in 2020 and 2022 seemed to correspond with COVID-relief efforts, she said. Scott, the former wife of Amazon founder Jeff Bezos, is worth an estimated $32 billion but provides few details about her grantmaking decisions. Without further information, it’s hard to know what prompted this third donation to Undue Medical Debt, but Scott has said in public statements that she wants to help those who are most in need and bear the brunt of societal ills, said Elisha Smith Arrillaga, the Center for Effective Philanthropy’s vice president for research. “I have not seen a lot of other folks funding in this area,” Smith Arrillaga added. Anger over health care costs Scott’s latest gift to Undue Medical Debt comes amid national debates about medical insurance and the cost of medical treatments. The murder of UnitedHealthcare CEO Brian Thompson on December 4 in Midtown Manhattan has heightened these conversations, with some lionizing the man who allegedly committed the crime. “That’s no way to get change, full stop,” Sesso said in reference to Thompson’s murder. “But I think the anger around insurance companies and having access to care is very clear.” The U.S. has one of the most expensive health care systems in the world. And the amount of medical debt carried by individuals seems to be increasing, noted Adam Searing, a public interest attorney and associate professor at Georgetown University, where he focuses on Medicaid and other health coverage programs. Searing previously served for 17 years as director of the Health Access Coalition at the nonprofit North Carolina Justice Center, advocating for the uninsured and underinsured. During that time, he heard from people losing their homes due to liens from hospitals. Sometimes those liens could be delayed, but it still meant that the debtors couldn’t pass those homes along to their children or grandchildren, he said. “Those stories stuck with me,” he said. “It really has an impact on families.” Relieving debt allows people to get their lives back on track and become financially secure after a major illness or series of expensive bills, Searing said. For philanthropists, it’s also a cause that is largely nonpartisan. Scott shining a spotlight on the issue is undoubtedly “a good thing,” he said. “I think it will have a big effect.” _____ Stephanie Beasley is a senior writer at the Chronicle of Philanthropy. This article was provided to The Associated Press by the Chronicle of Philanthropy as part of a partnership to cover philanthropy and nonprofits supported by the Lilly Endowment Inc. The Chronicle is solely responsible for the content. For all of AP’s philanthropy coverage, visit https://apnews.com/hub/philanthropy.
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