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FORT WORTH, Texas (AP) — TCU leading scorer Frankie Collins will miss the rest of the season because of a broken bone in his left foot, the school said Friday. The 6-foot-2 senior guard, in his first season at TCU after spending the past two at Arizona State, is scheduled to have surgery Tuesday in Dallas. Collins leads the Horned Frogs (5-4) with 11.2 points and 4.4 assists per game. He also averages 4.4 rebounds per game. TCU said Collins broke his foot in the first half of its last Sunday. He still played 35 minutes, finishing with six points and seven assists. Collins played 31 games as a freshman for Michigan's NCAA Sweet 16 team in 2021-22 before transferring to Arizona State. He started all 32 games last season for the Sun Devils, averaging 13.6 points, 4.4 rebounds and 3.2 assists per game. He could potentially get another college season through a medical redshirt. Arizona State is in its first Big 12 season. It will host TCU on Feb. 15. ___ AP college basketball: and The Associated PressSome elite US universities favor wealthy students in admissions decisions, lawsuit allegesB.C. NDP government, Greens forge confidence agreement with 'shared priorities'

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JUSTIN, Texas, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company today announced the company has furloughed 82 employees, both salaried and hourly, and idling its factories in Oklahoma while it works to finalize securing the capital necessary to move forward with its operations. The company is in advanced discussions with various capital sources. Canoo said, "We regret having to furlough our employees, especially during the holidays, but we have no choice at this point. We are hopeful that we will be able to bring them back to work soon.” About Canoo Founded in 2017, Canoo Inc. (NASDAQ: GOEV) is an automotive tech company that manufactures electric cargo vehicles, built to deliver, for large commercial, government and fleet customers globally. The company has developed design-forward innovative electric vehicles with steer-by-wire technology on its common modular platform with end-to-end software plus power solutions. Canoo's platform is purpose-built to maximize the vehicle interior space and is customizable to support a wide range of business and government applications. Headquartered in Justin, Texas, Canoo has teams located in California, Michigan and Oklahoma with world-class vehicle and battery facilities in Oklahoma City. For more information please visit www.canoo.com and investors.canoo.com . Forward-Looking Statements The information in this press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward- looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements about our plans, expectations and objectives with respect to the results and timing of the reverse stock split and the effect the reverse stock split will have on the Company's ability to regain compliance with the Nasdaq Listing standards. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Canoo's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Canoo. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; Canoo's ability to access future capital, via debt or equity markets, or other sources; the rollout of Canoo's business and the timing of expected business milestones and commercial launch; future market adoption of Canoo's offerings; risks related to Canoo's go-to-market strategy and manufacturing strategy; the effects of competition on Canoo's future business, and those factors discussed under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Canoo's Annual Report on Form 10-K for the fiscal year ended December 31, 2023 filed with the U.S. Securities and Exchange Commission (the "SEC") on April 1, 2024, as well as its past and future Quarterly Reports on Form 10-Q and other filings with the SEC, copies of which may be obtained by visiting Canoo's Investors Relations website at investors.canoo.com or the SEC's website at www.sec.gov. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Canoo does not presently know or that Canoo currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Canoo's expectations, plans or forecasts of future events and views as of the date of this press release. Canoo anticipates that subsequent events and developments will cause Canoo's assessments to change. However, while Canoo may elect to update these forward-looking statements at some point in the future, Canoo specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Canoo's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements. Media Contact [email protected] Investor Relations Contact [email protected]LOS ANGELES — Top-ranked South Carolina felt something it hasn't known in over 2 1/2 years. The sting of defeat after being thoroughly dominated in a 77-62 loss to No. 5 UCLA on Sunday. Gone was the overall 43-game winning streak. Done was the run of 33 consecutive road victories. And the No. 1 ranking it's held for 23 consecutive polls will disappear Monday. "This is what we usually do to teams," coach Dawn Staley said. "We were on the receiving end of it." South Carolina hadn't lost since April 2023, when Caitlin Clark and Iowa beat the Gamecocks in the national semifinals of the NCAA Tournament. The Bruins (5-0) shot 47% from the floor and 3-point range, hit 11 of 14 free throws and had five players in double figures. "They actually executed our game plan to a T," Staley said. The Gamecocks (5-1) were held to 36% shooting, had just two players in double figures and neither was leading scorer Chloe Kitts, who was held to 2 points on 1 of 7 shooting. They never led, got beat on the boards, 41-34, and were outscored 26-18 in the paint and 8-1 in fast break points. They only made eight trips to the free throw line. "Our kids fought," Staley said, "but we ran into a buzzsaw." South Carolina did manage to limit 6-foot-7 UCLA star Lauren Betts, who had 11 points and 14 rebounds, despite no longer having a dominant center of their own. The Bruins responded by getting the ball to others and eight of their 10 players scored. "We did an excellent job on Betts and we got killed by everyone else," Staley said. Tessa Johnson was the only other Gamecock in double figures with 14. "We needed a lot more than Tessa today," Staley said. The Gamecocks never got their offense in gear, starting the game 0 for 9 before trailing 20-10 at the end of the first quarter. They were down 43-22 at halftime. "Our shot selection is something we're dealing with on a daily basis," Staley said. The Gamecocks outscored UCLA 40-34 in the second half, but the Bruins' big early lead easily held up. "Beautiful basketball by UCLA," Staley said. "You can't help but to love up on it cause it was fluid on both sides of the ball." Given that it's only late November, the Gamecocks have plenty of time to figure things out. "We had some really good contributions from people that don't play a whole lot and we could probably give a little bit more minutes to," Staley said. "Taking a loss will help us focus on anybody that we play." Get local news delivered to your inbox!

LAS VEGAS (AP) — Trae Young might be the NBA’s biggest enigma. Young’s fans can point to numbers and say he’s an elite player. His detractors can point to numbers and say he’s overrated. Both arguments have validity. To some, his cocky ways are endearing. To others, they’re infuriating. This can’t be argued: He’s helping Atlanta author one of the season’s surprise stories. The Hawks are in the NBA Cup semifinals, set to play Milwaukee on Saturday before the other semifinal between Oklahoma City and Houston. The title game is Tuesday night. “When we talk about Trae, the word I like to use is evolution,” Hawks coach Quin Snyder said. “And every player evolves. They just evolve in different ways. He’s been an important part of our young guys’ growth and being able to elevate them.” The Hawks haven’t had a ton of big moments in Young’s seven seasons. But he has shown a propensity for rising to the occasion: ousting New York in the 2021 playoffs, ousting the Knicks from the quarterfinals of this tournament to get to Las Vegas — and now comes another chance on national TV on Saturday, facing the Bucks with a chance to play for a trophy. “I feel like this team has been embracing the challenge each and every night from the beginning of the season,” Young said. “We haven’t looked too far ahead in any moment. We’re just taking it day by day. Even though early on in the season we may have had some struggles and some bumps in the road and some guys out, we stuck with the process and focus on each day.” Here’s part of the pro-Young argument: He’s averaging 21 points and 12 assists something that only Magic Johnson and Isiah Thomas have done over a full season, and he’s on pace to lead the league in assist average for the first time. Here’s part of the anti-Young argument: Among the 220 players with at least 50 3-point attempts this season he ranks 189th at 30.8%, and of the 248 players with at least 100 field goal attempts this season he ranks 231st at 38.4%. Choose your side. They’re both valid. But it’s clear that Young — who made no secret that he was upset over not being picked for the team that won gold for USA Basketball at the Paris Olympics this past summer — is growing and maturing. “He’s doing a better job on both ends of the floor,” Bucks coach Doc Rivers said. “Defensively he’s figured out a way of keeping himself out of actions. I know that sounds easy. That’s hard to do, and he’s brilliant at it, he really is. ... He must be really studying the game on both ends of the floor, and you can see that in his play. And he’s earned the trust of his players. This team likes playing with him, that’s obvious. I couldn’t say that in the past, but now they love playing with him.” Hawks forward Jalen Johnson doesn’t deny that point. “He’s so good, man,” Johnson said. “It’s crazy, like just seeing it in person and on TV prior to me playing with the Hawks and getting drafted by the Hawks, it was crazy just watching it. A guy that’s undersized, being able to score at will, being able to make any pass at will. And then next thing you know you’re his teammate and you’re on the receiving end of those passes. “Watching those clutch late game buckets, it’s a joy to watch. It’s a gift that he has that’s very special and not many people have had it at that elite of a level. It’s been great being his teammate. It’s been a blessing.” Saturday is an opportunity. The semifinals are the only games on the NBA calendar for that day; the title game Tuesday — which doesn’t count in the standings — is the only game on the NBA slate that night as well. Young will have tons of eyeballs on him Saturday and would have tons more on him Tuesday if the Hawks find a way to win another big game against the Bucks. They’re 3-1 against Eastern Conference-leading Cleveland and Boston already this season, 1-0 against Milwaukee. The potential is clear for the Hawks. The potential for Young has always been clear as well. Only now, it’s starting to be realized. “The narrative about me not being able to do certain things or being too mad or frustrated about certain things is — I mean, just aren’t true,” Young said. “I think you’re just now being able to see like with the young team we have, just some of the different things we’ve been doing this year, I think just now you’re starting to kind of see it because the results are showing and we’re winning now. We’re here in this final four of the Cup, and it’s a big deal.” ___ AP NBA:

2024 Fourth Quarter Highlights– comparisons to the prior year quarter 2024 Fiscal Year Highlights - comparisons to prior year MIAMI , Dec. 18, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B) , one of the nation's largest homebuilders, today reported results for its fourth quarter and fiscal year ended November 30, 2024 . Fourth quarter net earnings attributable to Lennar in 2024 were $1.1 billion , or $4.06 per diluted share, compared to $1.4 billion , or $4.82 per diluted share in the fourth quarter of 2023. Excluding mark-to-market gains on technology investments, fourth quarter net earnings attributable to Lennar in 2024 were $1.1 billion , or $4.03 per diluted share, compared to fourth quarter net earnings attributable to Lennar in 2023 of $1.5 billion , or $5.17 per diluted share, excluding mark-to-market losses on technology investments and other one-time items (collectively, "adjustments"). Net earnings attributable to Lennar for the year ended November 30, 2024 were $3.9 billion , or $14.31 per diluted share, compared to $3.9 billion , or $13.73 per diluted share for the year ended November 30, 2023 . Excluding adjustments, net earnings attributable to Lennar for the year ended November 30, 2024 were $3.8 billion , or $13.86 per diluted share, compared to $4.1 billion , or $14.25 per diluted share for the year ended November 30, 2023 . Stuart Miller , Executive Chairman and Co-Chief Executive Officer of Lennar, said, "In the course of our fourth quarter, the housing market that appeared to be improving as the Fed cut short-term interest rates, proved to be far more challenging as mortgage rates rose almost 100 basis points through the quarter. Even while demand remained strong, and the chronic supply shortage continued to drive the market, our results were driven by affordability limitations from higher interest rates." "Accordingly, in our fourth quarter, sales pace lagged expectations as interest rates climbed and our new orders fell short of expectations to 16,895 homes vs the low end of our guidance of 19,000 homes. Consistent with our strategy of matching sales pace with production, we adjusted sales price, incentives, and margin in order to re-ignite sales and actively manage inventory levels. We ended the quarter with two completed, unsold homes per community, which was within our historical range." "In the fourth quarter, earnings were $1.1 billion , or $4.06 per diluted share. We delivered 22,206 homes in the quarter and our average sales price, net of incentives, per home delivered was $430,000 in the fourth quarter, slightly down from last year. Our homebuilding gross margin in the fourth quarter was 22.1%, with SG&A expenses of 7.2%, resulting in a 14.9% net margin." "Driven by our consistent focus on cash flow, we constructively allocated capital while we continued to strengthen and fortify our balance sheet. During the quarter, we repurchased $521 million of our common stock, had no outstanding borrowings on our $2.9 billion revolving credit facility and cash of $4.7 billion , ending the quarter with homebuilding debt to total capital of 7.5%. With cash on hand exceeding our debt, and with overall liquidity of approximately $7.6 billion , our balance sheet remains extremely strong." "Against this backdrop, we continue to remain focused on our volume-based strategy of driving sales and cash flow while using margin as a shock absorber as we continue to migrate to an asset-light, land-light business model. This strategy is reflected in both the public filing of a registration statement on Form S-11 for the planned spin-off of Millrose Properties, Inc., as well as our previously announced acquisition of Rausch Coleman Homes as we focus on growing to drive affordability and fill the supply gap that is reflected in the marketplace." Jon Jaffe , Co-Chief Executive Officer and President of Lennar, said, "Operationally, our starts pace and sales pace were 4.6 homes and 4.2 homes per community in the fourth quarter, respectively, as we continue to move closer to an even flow operating model. Our cycle time was down to 138 days, or 14% lower year over year, as our production first focus has positively impacted our production times, while our inventory turn improved to 1.6 times reflecting broader efficiencies. Concurrently, the Lennar Marketing and Sales Machine continued to carefully match our sales pace to our production pace using our digital marketing and dynamic pricing models." "During the quarter, we continued the migration to our land light strategy. This was evidenced by our years supply of owned homesites improving to 1.1 years from 1.4 years last year and our controlled homesite percentage increasing to 82% from 76% year over year, resulting in a return on inventory of 29.2%." Mr. Miller concluded, "As we look ahead, we expect to deliver between 17,000 and 17,500 homes for the first quarter of 2025 and between 86,000 and 88,000 homes for the full year 2025, including the impact of the Rausch Coleman acquisition. While we remain optimistic that margins will normalize as affordability normalizes and our cost structure benefits from our volume, we expect our gross margin in the first quarter to be between 19.0% and 19.25%, and at this time, we will not guide to full year gross margin until we have a better sense of market conditions as the year unfolds." RESULTS OF OPERATIONS THREE MONTHS ENDED NOVEMBER 30, 2024 COMPARED TO THREE MONTHS ENDED NOVEMBER 30, 2023 Homebuilding Revenues from home sales decreased 9% in the fourth quarter of 2024 to $9.5 billion from $10.4 billion in the fourth quarter of 2023. Revenues were lower primarily due to a 7% decrease in the number of home deliveries and a 3% decrease in the average sales price of homes delivered. New home deliveries decreased to 22,206 homes in the fourth quarter of 2024 from 23,795 homes in the fourth quarter of 2023. The average sales price of homes delivered was $430,000 in the fourth quarter of 2024, compared to $441,000 in the fourth quarter of 2023. The decrease in average sales price of homes delivered in the fourth quarter of 2024 compared to the same period last year was primarily due to pricing to market through an increased use of incentives and product mix. Gross margins on home sales were $2.1 billion , or 22.1%, in the fourth quarter of 2024, compared to $2.5 billion, or 24.2%, in the fourth quarter of 2023. During the fourth quarter of 2024, gross margins decreased primarily because revenue per square foot decreased while land costs increased year over year, which was partially offset by a decrease in costs per square foot due to lower costs of materials as the Company continued to focus on construction cost savings. Selling, general and administrative expenses were $682 million in the fourth quarter of 2024, compared to $688 million in the fourth quarter of 2023. As a percentage of revenues from home sales, selling, general and administrative expenses increased to 7.2% in the fourth quarter of 2024, from 6.6% in the fourth quarter of 2023, primarily due to less leverage as a result of both lower volume and average sales price. Financial Services Operating earnings for the Financial Services segment were $154 million in the fourth quarter of 2024, compared to $168 million in the fourth quarter of 2023. The decrease in operating earnings was primarily due to lower profit per loan in the Company's mortgage business. Other Ancillary Businesses Operating loss for the Multifamily segment was $0.2 million in the fourth quarter of 2024, compared to operating loss of $12 million in the fourth quarter of 2023. Operating earnings for the Lennar Other segment were $0.5 million in the fourth quarter of 2024, compared to an operating loss of $125 million in the fourth quarter of 2023. The Lennar Other operating earnings for the fourth quarter of 2024 were primarily due to positive mark-to-market adjustments of $13 million on the Company's publicly traded technology investments, which was partially offset by other operating losses. The Lennar Other operating loss for the fourth quarter of 2023 was primarily due to negative mark-to-market adjustments of $36 million on the Company's publicly traded technology investments and a $65 million write-off of one of the Company's non-public technology investments. Tax Rate For the quarters ended November 30, 2024 and 2023, the Company had a tax provision of $358 million and $417 million , which resulted in an overall effective income tax rate of 24.6% and 23.4%, respectively. For both periods, the Company's effective income tax rate included state income tax expense and non-deductible executive compensation, partially offset by tax credits. The increase in the effective tax rate from the prior year for the three months ended November 30, 2024 was primarily due to additional state income tax expense. OTHER TRANSACTIONS Credit Facility In November 2024 , the Company amended and restated the credit agreement governing its unsecured revolving credit facility (the "Credit Facility") to, among other things, increase the lenders' commitments to $2.875 billion until May 2027 when this amount will be reduced to $2.650 billion until final maturity in November 2029 . As of November 30, 2024 , there were no outstanding borrowings under the Credit Facility. Share Repurchases During the fourth quarter of 2024, the Company repurchased 3 million shares of its common stock for $521 million at an average per share price of $173.79 . Liquidity At November 30, 2024, the Company had $4.7 billion of Homebuilding cash and cash equivalents and no outstanding borrowings under its $2.9 billion Credit Facility, thereby providing approximately $7.6 billion of available capacity. Guidance The following are the Company's expected results of its homebuilding and financial services activities: First Quarter 2025 New Orders 17,500 - 18,000 Deliveries 17,000 - 17,500 Average Sales Price $410,000 - $415,000 Gross Margin % on Home Sales 19.0% - 19.25% S,G&A as a % of Home Sales 8.7% - 8.8% Financial Services Operating Earnings $100 million - $110 million About Lennar Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar's homes and, through LMF Commercial, originates mortgage loans secured primarily by commercial real estate properties throughout the United States . Lennar's Multifamily segment is a nationwide developer of high-quality multifamily rental properties. LEN X drives Lennar's technology, innovation and strategic investments. For more information about Lennar, please visit www.lennar.com . Note Regarding Forward-Looking Statements: Some of the statements in this press release are "forward-looking statements," as that term is defined in the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the homebuilding market and other markets in which we participate, as well as our expected results and guidance. You can identify forward-looking statements by the fact that these statements do not relate strictly to historical or current matters. Rather, forward-looking statements relate to anticipated or expected events, activities, trends or results. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties inherent in our business that could cause actual results and events to differ materially from those anticipated by the forward-looking statements. We wish to caution readers not to place undue reliance on any forward-looking statements, which are expressly qualified in their entirety by this cautionary statement and speak only as of the date made. Important factors that could cause differences between anticipated and actual results include slowdowns in real estate markets in regions where we have significant Homebuilding or Multifamily development activities; decreased demand for our homes, or for Multifamily rental apartments or single family homes; the potential impact of inflation; the impact of increased cost of mortgage financing for homebuyers, increased or continued high interest rates or increased competition in the mortgage industry; supply shortages and increased costs related to construction materials, including lumber, and labor; the possibility that increased tariffs will increase the cost of production materials; cost increases related to real estate taxes and insurance; the effect of increased interest rates with regard to our funds' borrowings on the willingness of the funds to invest in new projects; reductions in the market value of our investments in public companies; natural disasters or catastrophic events for which our insurance may not provide adequate coverage; our inability to successfully execute our strategies and our planned spin-off on the timelines expected or at all; a decline in the value of the land and home inventories we maintain and resulting possible future writedowns of the carrying value of our real estate assets; the forfeiture of deposits related to land purchase options we decide not to exercise; the effects of public health issues such as a major epidemic or pandemic that could have a negative impact on the economy and on our businesses; possible unfavorable outcomes in legal proceedings; conditions in the capital, credit and financial markets; harm to our business from information technology failures and data security breaches; changes in laws, regulations or the regulatory environment affecting our business; policy changes that may be introduced by the new administration that could affect economic conditions, tax regimes and regulatory frameworks, and the other risks and uncertainties described in our filings from time to time with the Securities and Exchange Commission, including those included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recent Annual Report on Form 10-K filed on January 26, 2024 , as amended by our Annual Report on Form 10-K/A filed on April 25, 2024 , and Quarterly Reports on Form 10-Q. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. A conference call to discuss the Company's fourth quarter earnings will be held at 11:00 a.m. Eastern Time on Thursday , December 19, 2024. The call will be broadcast live on the internet and can be accessed through the Company's website at investors.lennar.com . If you are unable to participate in the conference call, the call will be archived at investors.lennar.com for 90 days. A replay of the conference call will also be available later that day by calling 203-369-0176 and entering 5723593 as the confirmation number. LENNAR CORPORATION AND SUBSIDIARIES Selected Revenues and Operating Information (In thousands, except per share amounts) (unaudited) Three Months Ended Years Ended November 30, November 30, 2024 2023 2024 2023 Revenues: Homebuilding $ 9,548,684 10,516,050 33,906,426 32,660,987 Financial Services 304,550 304,693 1,109,263 976,859 Multifamily 88,917 140,824 411,537 573,485 Lennar Other 4,737 6,616 14,226 22,035 Total revenues $ 9,946,888 10,968,183 35,441,452 34,233,366 Homebuilding operating earnings $ 1,495,383 1,912,639 5,342,252 5,527,707 Financial Services operating earnings 154,476 169,130 577,184 509,461 Multifamily operating earnings (loss) (160) (12,155) 42,635 (50,651) Lennar Other operating earnings (loss) 450 (125,414) (47,967) (209,788) Corporate general and administrative expenses (170,011) (136,336) (648,986) (501,338) Charitable foundation contribution (22,206) (23,795) (80,210) (73,087) Earnings before income taxes 1,457,932 1,784,069 5,184,908 5,202,304 Provision for income taxes (358,058) (416,780) (1,217,253) (1,241,013) Net earnings (including net earnings attributable to noncontrolling interests) 1,099,874 1,367,289 3,967,655 3,961,291 Less: Net earnings attributable to noncontrolling interests 3,660 6,002 35,122 22,780 Net earnings attributable to Lennar $ 1,096,214 1,361,287 3,932,533 3,938,511 Basic and diluted average shares outstanding 267,262 279,438 272,019 283,319 Basic and diluted earnings per share $ 4.06 4.82 14.31 13.73 Supplemental information: Interest incurred (1) $ 29,254 41,434 129,310 187,640 EBIT (2): Net earnings attributable to Lennar $ 1,096,214 1,361,287 3,932,533 3,938,511 Provision for income taxes 358,058 416,780 1,217,253 1,241,013 Interest expense included in: Costs of homes sold 39,513 69,859 160,848 240,871 Costs of land sold 29 156 373 1,588 Homebuilding other income, net 4,472 4,525 18,771 15,434 Total interest expense 44,014 74,540 179,992 257,893 EBIT $ 1,498,286 1,852,607 5,329,778 5,437,417 (1) Amount represents interest incurred related to Homebuilding debt. (2) EBIT is a non-GAAP financial measure defined as earnings before interest and taxes. This financial measure has been presented because the Company finds it important and useful in evaluating its performance and believes that it helps readers of the Company's financial statements compare its operations with those of its competitors. Although management finds EBIT to be an important measure in conducting and evaluating the Company's operations, this measure has limitations as an analytical tool as it is not reflective of the actual profitability generated by the Company during the period. Management compensates for the limitations of using EBIT by using this non-GAAP measure only to supplement the Company's GAAP results. Due to the limitations discussed, EBIT should not be viewed in isolation, as it is not a substitute for GAAP measures. LENNAR CORPORATION AND SUBSIDIARIES Segment Information (In thousands) (unaudited) Three Months Ended Years Ended November 30, November 30, 2024 2023 2024 2023 Homebuilding revenues: Sales of homes $ 9,500,991 10,442,850 33,778,149 32,459,129 Sales of land 39,568 63,501 93,384 109,963 Other homebuilding 8,125 9,699 34,893 91,895 Total revenues 9,548,684 10,516,050 33,906,426 32,660,987 Homebuilding costs and expenses: Costs of homes sold 7,400,266 7,919,724 26,255,353 24,900,470 Costs of land sold 30,162 39,413 73,802 92,142 Selling, general and administrative 682,003 687,774 2,480,309 2,231,033 Total costs and expenses 8,112,431 8,646,911 28,809,464 27,223,645 Homebuilding net margins 1,436,253 1,869,139 5,096,962 5,437,342 Homebuilding equity in earnings (loss) from unconsolidated entities 12,410 9,223 66,448 (3,886) Homebuilding other income, net 46,720 34,277 178,842 94,251 Homebuilding operating earnings $ 1,495,383 1,912,639 5,342,252 5,527,707 Financial Services revenues $ 304,550 304,693 1,109,263 976,859 Financial Services costs and expenses 150,074 135,563 532,079By MIKE CATALINI CHATHAM, N.J. (AP) — That buzzing coming out of New Jersey? It’s unclear if it’s drones or something else, but for sure the nighttime sightings are producing tons of talk, a raft of conspiracy theories and craned necks looking skyward. Related Articles National News | FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup National News | OpenAI whistleblower found dead in San Francisco apartment National News | Judge rejects an attempt by Trump campaign lawyer to invalidate guilty plea in Georgia election case National News | Texas’ abortion pill lawsuit against New York doctor marks new challenge to interstate telemedicine National News | US military flies American released from Syrian prison to Jordan, officials say Cropping up on local news and social media sites around Thanksgiving, the saga of the drones reported over New Jersey has reached incredible heights. This week seems to have begun a new, higher-profile chapter: Lawmakers are demanding (but so far not getting) explanations from federal and state authorities about what’s behind them. Gov. Phil Murphy wrote to President Joe Biden asking for answers. New Jersey’s new senator, Andy Kim, spent Thursday night on a drone hunt in rural northern New Jersey, and posted about it on X. But perhaps the most fantastic development is the dizzying proliferation of conspiracies — none of which has been confirmed or suggested by federal and state officials who say they’re looking into what’s happening. It has become shorthand to refer to the flying machines as drones, but there are questions about whether what people are seeing are unmanned aircraft or something else. Some theorize the drones came from an Iranian mothership. Others think they are the Secret Service making sure President-elect Donald Trump’s Bedminster property is secure. Others worry about China. The deep state. And on. In the face of uncertainty, people have done what they do in 2024: Create a social media group. The Facebook page, New Jersey Mystery Drones — let’s solve it , has nearly 44,000 members, up from 39,000 late Thursday. People are posting their photo and video sightings, and the online commenters take it from there. One video shows a whitish light flying in a darkened sky, and one commenter concludes it’s otherworldly. “Straight up orbs,” the person says. Others weigh in to say it’s a plane or maybe a satellite. Another group called for hunting the drones literally, shooting them down like turkeys. (Do not shoot at anything in the sky, experts warn.) Trisha Bushey, 48, of Lebanon Township, New Jersey, lives near Round Valley Reservoir where there have been numerous sightings. She said she first posted photos online last month wondering what the objects were and became convinced they were drones when she saw how they moved and when her son showed her on a flight tracking site that no planes were around. Now she’s glued to the Mystery Drones page, she said. “I find myself — instead of Christmas shopping or cleaning my house — checking it,” she said. She doesn’t buy what the governor said, that the drones aren’t a risk to public safety. Murphy told Biden on Friday that residents need answers. The federal Homeland Security Department and FBI also said in a joint statement they have no evidence that the sightings pose “a national security or public safety threat or have a foreign nexus.” “How can you say it’s not posing a threat if you don’t know what it is?” she said. “I think that’s why so many people are uneasy.” Then there’s the notion that people could misunderstand what they’re seeing. William Austin is the president of Warren County Community College, which has a drone technology degree program, and is coincidentally located in one of the sighting hotspots. Austin says he has looked at videos of purported drones and that airplanes are being misidentified as drones. He cited an optical effect called parallax, which is the apparent shift of an object when viewed from different perspectives. Austin encouraged people to download flight and drone tracker apps so they can better understand what they’re looking at. Nonetheless, people continue to come up with their own theories. “It represents the United States of America in 2024,” Austin said. “We’ve lost trust in our institutions, and we need it.” Federal officials echo Austin’s view that many of the sightings are piloted aircraft such as planes and helicopters being mistaken for drones, according to lawmakers and Murphy. That’s not really convincing for many, though, who are homing in on the sightings beyond just New Jersey and the East Coast, where others have reported seeing the objects. For Seph Divine, 34, another member of the drone hunting group who lives in Eugene, Oregon, it feels as if it’s up to citizen sleuths to solve the mystery. He said he tries to be a voice of reason, encouraging people to fact check their information, while also asking probing questions. “My main goal is I don’t want people to be caught up in the hysteria and I also want people to not just ignore it at the same time,” he said. “Whether or not it’s foreign military or some secret access program or something otherworldly, whatever it is, all I’m saying is it’s alarming that this is happening so suddenly and so consistently for hours at a time,” he added. Associated Press reporter Hallie Golden in Seattle contributed to this report.

House Bill to Block DOD Contracts With China-Linked EntitiesCalin Georgescu was in pole position with almost 23 percent after the first round of voting, a political earthquake in the country of 19 million people that has so far resisted nationalist appeals that have gained traction in Hungary and Slovakia. His victory ahead of centre-right mayor Elena Lasconi -- who scored 19.18 percent -- ended the hopes of Prime Minister Marcel Ciolacu to compete for the presidency in the December runoff. After coming third at 19.15, Ciolacu said his Social Democratic Party (PSD) won't challenge the narrow result, and announced his resignation as party leader. Experts say the far right's surprise success could affect the parliamentary elections later this week, and even influence the chances of forming a future government. In the runoff ballot on December 8, Lasconi will face Georgescu, a NATO critic who in the past expressed his admiration for Russian President Vladimir Putin. Georgescu's popularity surged ahead of the vote with a viral TikTok campaign calling for an end to aid for Ukraine, which shares a 650-kilometre (400-mile) border with Romania. In a first reaction on his YouTube channel, the 62-year-old independent candidate insisted "there is no East or West", stressing that neutrality was "absolutely necessary". "I am not an extremist, I am not a fascist -- I am a Romanian who loves his country," he said in reference to media reports that "tried to portray" him in a wrongful way. For his rival Lasconi, the upcoming runoff represents "an existential battle", "a historic confrontation" between those who wish to "preserve Romania's young democracy" and those who want to "return to the Russian sphere of influence". "We must not allow anger to throw us back into the past," she said to thunderous applause from her supporters, vowing to stand up for Europe and NATO. The political earthquake comes amid soaring inflation and mounting fears of Romania being potentially dragged into Russia's war in neighbouring Ukraine, as the country has emerged as a key player on the alliance's eastern flank. In Sunday's vote, another far-right contender, AUR party leader George Simion, secured nearly 14 percent. Already pounding the campaign trail for this week's parliamentary elections, Simion said Romania now has "the chance to have a sovereign government and a sovereign president". Overall, the far right won more than a third of all votes in Sunday's presidential ballot. "The far right is by far the big winner of this election," political scientist Cristian Pirvulescu told AFP, predicting a possible "contagion effect" in the parliamentary vote. Extremist forces and Lasconi's centre-right party now have "wind in their sails", sociologist Gelu Duminica said, though "it remains to be seen if they know how to capitalise" on it. The PSD, which has shaped the country's politics for more than three decades, has never before been eliminated in the first round of a presidential election. The National Liberal Party (PNL) party, with whom the PSD currently governs, also suffered a defeat. While many expressed their disbelief over the poll in the streets of the capital Bucharest, others were enthused. Maria Chis, 70, said she was surprised by Georgescu's lead in the first round but had been impressed after watching his TikTok videos. "He seems a man of integrity, serious and patriotic. He inspires seriousness. I think only someone like him can bring change," said the pensioner, who was planning to vote for him in the second round. Alex Tudose, the owner of a construction company, was gloomy. "There is sorrow, disappointment, that after so many years in Euro-Atlantic structures we voted for a pro-Russian by over 20 percent," the 42-year-old said. "There is clearly a strong fragmentation both in society and in the political class, and I think we saw that yesterday," he said. ani-anb-kym/sbk

Micron Q1 Earnings: Revenue Miss, EPS Beat, Soft Guidance Sinks Shares As Consumer Markets Turn 'Weaker' In Near TermMISSOULA, Mont. (AP) — Marcus Adams Jr.'s 25 points helped CSU Northridge defeat Utah Tech 89-79 on Sunday night at the Stew Morrill Classic. Adams added five rebounds for the Matadors (4-1). Keonte Jones added 23 points while shooting 8 of 15 from the field and 5 for 10 from the line while they also had nine rebounds and three blocks. Scotty Washington had 19 points and went 7 of 14 from the field (3 for 6 from 3-point range). The Trailblazers (1-5) were led by Hakim Byrd, who posted 23 points. Utah Tech also got 15 points from Noa Gonsalves. Samuel Ariyibi finished with 14 points and three blocks. The Matadors play Denver and Utah Tech takes on Montana when the event wraps up on Monday. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .PHOENIX — The man who strangled a woman to death on a Valley Metro bus in 2022 has been sentenced to 40 years in prison. Joshua Bagley was sentenced Friday in Maricopa County after he pleaded guilty to second-degree murder and kidnapping, in connection to the death of 41-year-old Diane Craig. A bus driver discovered Craig unresponsive after the defendant strangled her on a Valley Metro bus in Phoenix. Bagley got off the bus before police arrived and was arrested a few days later. A couple of days before Craig's death, Bagley was released from custody in Maricopa County for an unrelated matter, even though an extradition had been signed in Mohave County to transport Bagley. Craig's family later filed a wrongful death lawsuit against government agencies for allegedly not properly extraditing Bagley out of Maricopa County. Bagley was sentenced to 25 years for the murder charge and 15 years for the kidnapping charge. The sentences will run consecutively to each other. RELATED: Family suing counties for failing to extradite suspect before he strangled woman on Valley bus RELATED: Man accused of strangling woman on Phoenix bus has long criminal history Watch 12News for free You can now watch 12News content anytime, anywhere thanks to the 12+ app! The free 12+ app from 12News lets users stream live events — including daily newscasts like "Today in AZ" and "12 News" and our daily lifestyle program, "Arizona Midday"—on Roku, Apple TV and Amazon Fire TV . 12+ showcases live video throughout the day for breaking news, local news, weather and even an occasional moment of Zen showcasing breathtaking sights from across Arizona. Users can also watch on-demand videos of top stories, local politics, I-Team investigations, Arizona-specific features and vintage videos from the 12News archives. Roku : Add the channel from the Roku store or by searching for "12 News KPNX." Amazon Fire TV : Search for "12 News KPNX" to find the free 12+ app to add to your account , or have the 12+ app delivered directly to your Amazon Fire TV through Amazon.com or the Amazon app.Call for tech embrace to boost farm productivity

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