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The final game of Week 16 on Monday night solidified all the NFL playoff scenarios. Tuesday, they were clarified by the official source — the NFL. According to the league, there are three scenarios this week in which the Los Angeles Rams can clinch the NFC West and eliminate the Seahawks, who via ESPN analytics and others, have no path to a wild-card spot. The Rams are 9-6 and beat the 8-7 Seahawks at Lumen Field on Nov. 3, 26-20 in overtime, giving L.A. the head-to-head edge. The Seahawks play at Chicago Thursday night, and the Rams host Arizona Saturday night on the NFL Network. The three scenarios where the Rams clinch the NFC West this week are: — A Seahawks loss or tie Thursday in Chicago against the Bears and a Rams win over Arizona Saturday night. — A Rams tie and a Seahawks loss. — A Rams win plus the Rams clinching the strength-of-victory tiebreaker over the Seahawks (more on that in a moment). Under the first scenario, the Rams would be 10-6 at the end of the weekend and the Seahawks 8-8 with one game remaining, rendering meaningless the regular-season finale between the two teams at SoFi Stadium either Jan. 4 or Jan. 5. A Rams tie and Seahawks loss accomplishes the same thing, putting LA at 9-6-1 and a game-and-a-half ahead heading into Week 18. In the final scenario where L.A. and the Seahawks win this week, the NFL clarified that the Rams can clinch a playoff spot by the strength-of-victory tiebreaker over Seattle by getting 3.5 wins (three wins and a tie) from the six following teams — Minnesota, Buffalo, San Francisco, Washington, Cincinnati and Cleveland. Four of those teams are favored: The Vikings by one at home against Green Bay Sunday; the Bills by 10 at home against the New York Jets Sunday; Washington by four at home against Atlanta; and the Bengals by three at home against Denver. The other two are underdogs — Cleveland, by 6.5-points at home against Miami; and San Francisco, by four points against Detroit on Sunday on Monday night. The strength-of-victory scenario is why the Seahawks' game against the Bears doesn’t factor heavily in playoff percentage calculations. A loss to the Bears doesn’t eliminate the Seahawks if the Rams also lose. The biggest thing the Seahawks need is a Rams loss against Arizona. In that scenario, a Seahawks win over the Rams on the final weekend would make each team 9-8 and splitting the head-to-head tiebreaker. It would go to division record, and the Seahawks would have the edge there at 4-2 to the Rams' 3.3. Whether there is anything riding on the Seahawks-Rams game will play into whether that game will be held on Saturday or Sunday. As the league has done in years past, it is waiting until the end of Week 17 to determine dates and TV designations for games in week 18. There are two slots for games on Saturday, Jan. 4 on ESPN/ABC — 1:30 p.m. and 5 p.m. The latter time slot might be a natural for the Seahawks and Rams if it is a winner-take-all game for the NFC West. There are also daytime slots on Sunday as well as the usual Sunday night game on NBC. That could also be a spot for Seahawks and Rams if it is going to decide the NFC West.Stock up on these popular board games for your next get-together
ICEYE expands its Earth Observation capabilities with launch of two SAR satellites for mid-inclination orbit on the Bandwagon-2 mission with SpaceXNEW DELHI: Prime Minister Narendra Modi, during his visit to Kuwait on Saturday, highlighted India's readiness to support the development of a 'New Kuwait' with its vast pool of manpower, expertise, and cutting-edge technology. He praised the Indian diaspora for enriching the nation with their skills and contributions. PM Modi, visiting at the invitation of Kuwaiti Emir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, became the first Indian Prime Minister to visit Kuwait in over four decades. Addressing the Indian diaspora, he said, "After 43 years, more than four decades, an Indian Prime Minister has come to Kuwait. It takes four hours to reach Kuwait from India but it took four decades for the Prime Minister,” PM Modi commended the strong cultural and commercial ties between India and Kuwait, noting that their partnership is scaling new heights. “In the past, the relationship that was built by culture and commerce is scaling new heights today. Today, Kuwait is an important energy and trade partner of India. For the Kuwaiti companies too, India is a huge investment destination. His Highness Crown Prince of Kuwait, during our meeting in New York, said, 'When you are in need, India is your destination.' The citizens of India and Kuwait have always helped each other in times of distress,” he added. Highlighting shared aspirations, the Prime Minister said, “In the decades to come, we will become partners in our prosperity. Our goals aren't different! The people of Kuwait are building New Kuwait. The people of Bharat are working to build India into a developed nation by 2047.” During his visit, PM Modi toured the Gulf Spic Labour Camp, where over 90% of the residents are Indians, and engaged with the expatriate community, which numbers around one million in Kuwait. He expressed admiration for their contributions, saying, “Their energy, love, and unwavering connection to India are truly inspiring. Proud of their role in strengthening ties between our nations.” PM Modi also met 101-year-old former IFS officer Mangal Sain Handa, publisher Abdul Lateef Al-Nesef, and translator Abdullah Al-Baroun, who brought Indian epics like the Ramayana and Mahabharata to Arabic-speaking audiences. On his arrival, PM Modi was received by Sheikh Fahad Yousef Saud Al-Sabah, Kuwait’s first deputy prime minister and minister of defence and interior, along with foreign minister Abdullah Ali Al-Yahya and other dignitaries. He described the warm welcome as a testament to the enduring friendship between the two nations. Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , and Mini Crossword .
Wednesday, December 25, 2024 As the festive season approaches, cities around the globe deck their streets with shimmering lights and elaborate decorations, transforming into enchanting winter wonderlands that capture the spirit of Christmas. From the iconic skyscrapers of New York City to the historic avenues of London, the cozy pubs of Dublin, the snow-capped vistas of Zurich, and the vibrant illuminations of Tokyo, each city offers its own unique blend of holiday cheer. Whether you’re drawn by the promise of magical Christmas markets, spectacular light displays, or traditional cultural festivities, these top holiday destinations provide the perfect backdrop for creating unforgettable memories. Join us as we explore the magic of Christmas in New York City, London, Dublin, Zurich, and Tokyo, each promising a distinct and delightful holiday experience. Top Five Holiday Destinations for an Unforgettable Christmas Experience New York City, USA Dubbed the Big Apple, New York City is a global epicenter of culture, art, and architecture. This city is renowned for its stunning skyline, iconic Broadway shows, and landmark attractions. During the Christmas season, New York transforms into a sparkling winter wonderland, creating a magical backdrop for festive celebrations. Highlights of a New York Christmas: The Rockefeller Center Christmas Tree, a cherished emblem of the holiday season, captures the hearts of both tourists and New Yorkers. This towering evergreen comes alive each winter with thousands of twinkling lights. The annual lighting event kicks off on Wednesday, December 4, with the tree lit from 5am to midnight daily. Special extended hours are planned for Christmas Eve and New Year’s Eve, ensuring the tree dazzles from dawn until 9pm. The spectacle concludes in mid-January when the tree is dimmed until the next holiday season. The tree features an impressive display of over 50,000 multi-colored LED lights and is crowned with a striking 900-pound star composed of Swarovski crystals, shimmering with millions of facets. Returning this winter, the Brooklyn Botanic Garden’s Lightscape offers a stunning visual journey from November 22 through January 5, 2025. This event showcases a dazzling trail decorated by artworks from both local and international artists, featuring landmarks like the Winter Cathedral and an elaborate Fire Garden. The path is illuminated by over a million lights, creating a magical atmosphere enhanced by synchronized music. Visitors can enjoy a variety of seasonal treats and beverages along the trail, enhancing the festive experience. Ticket prices vary from $24 to $45 for adults and $12 to $23 for children, based on the selected date. Hosted inside Grand Central Terminal, the New York Transit Museum presents its 20th annual Holiday Train Show. This enchanting display allows visitors to tower over a 34-foot-long miniature New York City, complete with landmarks like the Brooklyn Bridge and the Empire State Building. Lionel model trains navigate from a diminutive Grand Central across a mini East River towards the North Pole. This delightful exhibit is available through February 2025 and is free to the public. Operating hours are Monday through Friday from 10am to 7:30pm, and weekends from 10am to 6pm, excluding major holidays. Located in the shuttle passage at 42nd Street and Park Avenue, next to the Station Master’s Office, it’s a captivating experience for all ages. London, England London is a city where history and modernity converge, offering visitors a rich tapestry of cultural experiences. During Christmas, London lights up with festive cheer, making it a top destination for holiday travelers. Reasons to Visit London at Christmas: As the festive season takes hold, London transforms into a wonderland of Christmas markets, each offering a unique experience. Delight in the quaint charm of Covent Garden Christmas Markets, where daily gatherings showcase an array of handmade crafts and one-of-a-kind gifts. The Winter Festival at Southbank Centre bursts with culinary delights and cultural activities, making it a hit for families. Near the iconic Tower Bridge, Christmas by the River at London Bridge City entices with festive wooden cabins, while Hyde Park’s Winter Wonderland captivates the young with its fairground attractions. Ice skating is a quintessential winter pastime in London, with several picturesque rinks dotting the city. Somerset House not only offers skating against a grand historical backdrop but also boasts a terrace with stunning views of the Thames. The Canary Wharf rink dazzles amidst its modern skyline, and the royal Hampton Court Palace provides a regal skating experience in Richmond upon Thames. Each location is equipped with support for novices and cozy spots for onlookers to enjoy a drink. The holiday lights in London are a spectacle not to be missed. The botanical splendor of Kew Gardens dazzles with an expanding light trail that delights both locals and visitors. Meanwhile, Oxford Street is adorned with spectacular illuminations, though it’s advisable to brace for the crowds during this bustling season. With the pound at its lowest in three decades, now is an opportune time for international visitors to indulge in London’s retail offerings, particularly during the post-Christmas sales. For the Little Ones: Explore the magical world of Hamleys, the renowned toy store where live demonstrations keep the atmosphere lively. For a touch of nostalgia, Benjamin Pollock’s Toyshop offers classic playthings, while the LEGO® Toy Shop in Leicester Square features one of the largest selections of LEGO® in the world. For the Adults: Oxford Street promises its usual vibrancy, perfect for those ready to brave the crowds. Alternatively, the Burlington Arcade provides a refined shopping experience with its upscale boutiques. For a more eclectic mix, visit Duke of York Square or explore the boutique-laden lanes of Seven Dials near Covent Garden. Each of these experiences encapsulates the spirit of a London Christmas, offering joyous activities and beautiful settings that are sure to create lasting memories. Dublin, Ireland The capital of Ireland, Dublin is celebrated for its historical landmarks and lively cultural scene. During the Christmas period, the city offers a unique blend of traditional Irish hospitality and festive activities. Dublin’s Christmas Attractions: This season, Dublin shines as a beacon of festive joy, with each event and locale offering its own slice of holiday magic, inviting everyone to partake in the cherished traditions and joyful celebrations. Zurich, Switzerland Zurich is the heart of Switzerland’s economic and cultural activities, renowned for its well-preserved medieval old town and vibrant cultural scene. During Christmas, Zurich offers a picturesque setting with its snow-capped landscapes and festive markets. Zurich’s Christmas Highlights: Niederdorf’s Market Dörfli Wander through the quaint streets of the Niederdorf quarter in Zurich’s old city center, where numerous market stands create a picturesque scene. The charm of this area makes it a delightful experience, even for those who stroll without the intention to purchase. The Singing Christmas Tree A standout feature of Zurich’s Christmas celebrations is the Singing Christmas Tree. This unique tree-shaped stage hosts local carolers who perform daily, offering a heartwarming display of holiday spirit and musical talent. It’s an enchanting spot for visitors to gather and enjoy traditional carols. Wienachtsdorf Village Nestled near the Zurich Opera House on Sechseläutenplatz, the Wienachtsdorf Village offers a cozy winter wonderland. The square dazzles with festive decorations, including a sprawling food court under the glow of a 15-meter Christmas tree, surrounded by mini bonfires that provide warmth and ambiance. The food court serves an array of dishes, from Swiss specialties to international cuisine, catering to all tastes. Time to Dance at ILLUMINARIUM For those eager to dance the night away, the courtyard of the Swiss National Museum is transformed into the ILLUMINARIUM. This festive venue features an indoor dance area with live DJs and food stands, creating a relaxed environment perfect for enjoying a drink and socializing. The entire courtyard is illuminated spectacularly, enhancing the atmosphere with a digital art show that is synchronized to music, making it a visual and auditory feast. Tokyo, Japan Tokyo blends traditional Japanese customs with modern innovation, offering a unique holiday experience. The city is known for its dazzling illuminations and vibrant holiday markets, making it a fascinating destination for Christmas. Why Visit Tokyo for Christmas: Tokyo’s Dazzling December Lights Across Tokyo, the city comes alive with light installations at shopping centers, landmarks, and festive celebrations. Marunouchi’s main avenue is transformed with trees shimmering in champagne gold lights, creating a stunning visual experience. At Ebisu Garden Place, marvel at one of the largest Baccarat chandeliers in the world, which dazzles with 250 sparkling lights. Festive Shopping and Celebrations in Tokyo For those in search of the perfect holiday gift, Tokyo’s Christmas markets are a treasure trove. These markets are not just about shopping—they’re cultural hubs where you can savor mulled wine and enjoy live music and performances. This season, the “Tokyo Christmas Market” at Jingu Gaien is a must-visit, boasting a 14-meter tall Christmas Pyramid from Germany, set against a backdrop of majestic ginkgo trees. Tokyo’s Winter Ice Rinks Tokyo’s winter transforms several of its venues into ice skating rinks, providing a perfect blend of sport and seasonal fun. These rinks offer a delightful escape for families and friends to glide across the ice, perhaps after a day of shopping or enjoying the city’s light displays. Oji Fox Parade: A Unique New Year Tradition Inspired by an ukiyo-e print by the renowned artist Utagawa Hiroshige, the Oji Fox Parade is a captivating cultural event. According to legend, on New Year’s Eve, foxes would disguise themselves and parade towards the Oji Inari Shrine. Today, locals honor this myth by donning fox costumes, lighting kitsunebi (mystical fox fires) lanterns, and parading from Shozoku Inari Shrine to Oji Inari Shrine, accompanied by traditional music. This enchanting procession is a highlight of Tokyo’s New Year celebrations, blending folklore with festive cheer. Each of these cities offers its own unique version of Christmas magic, making them perfect destinations for those looking to immerse themselves in holiday festivities around the globe. Whether you’re looking for historic charm, festive markets, or dazzling winter lights, these cities promise a memorable holiday season.Geode Capital Management LLC increased its stake in shares of Cipher Mining Inc. ( NASDAQ:CIFR – Free Report ) by 37.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,509,853 shares of the company’s stock after acquiring an additional 1,511,455 shares during the period. Geode Capital Management LLC owned about 1.58% of Cipher Mining worth $21,327,000 as of its most recent SEC filing. Other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its position in shares of Cipher Mining by 8.8% in the third quarter. Victory Capital Management Inc. now owns 25,996 shares of the company’s stock worth $101,000 after purchasing an additional 2,101 shares in the last quarter. Vima LLC grew its position in Cipher Mining by 11.3% in the third quarter. Vima LLC now owns 24,656 shares of the company’s stock valued at $95,000 after purchasing an additional 2,504 shares in the last quarter. Verition Fund Management LLC increased its stake in Cipher Mining by 30.7% in the 3rd quarter. Verition Fund Management LLC now owns 13,130 shares of the company’s stock valued at $51,000 after buying an additional 3,086 shares during the last quarter. Amalgamated Bank lifted its position in Cipher Mining by 321.8% during the 2nd quarter. Amalgamated Bank now owns 5,973 shares of the company’s stock worth $25,000 after buying an additional 4,557 shares in the last quarter. Finally, Strategic Blueprint LLC boosted its stake in shares of Cipher Mining by 33.3% during the 3rd quarter. Strategic Blueprint LLC now owns 20,000 shares of the company’s stock worth $77,000 after buying an additional 5,000 shares during the last quarter. 12.26% of the stock is owned by institutional investors. Cipher Mining Trading Down 7.6 % Shares of Cipher Mining stock opened at $4.86 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.57 and a quick ratio of 2.57. The business has a fifty day simple moving average of $6.15 and a two-hundred day simple moving average of $4.92. Cipher Mining Inc. has a 1 year low of $2.15 and a 1 year high of $7.99. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of -37.38 and a beta of 2.29. Wall Street Analysts Forecast Growth A number of research firms recently issued reports on CIFR. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $7.00 target price on shares of Cipher Mining in a research report on Friday, November 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $9.00 price target on shares of Cipher Mining in a research report on Thursday, October 3rd. Northland Capmk raised Cipher Mining to a “strong-buy” rating in a report on Wednesday, September 25th. Macquarie raised their target price on shares of Cipher Mining from $6.00 to $7.25 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $7.00 price target on shares of Cipher Mining in a research report on Friday, November 1st. Nine analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $8.03. View Our Latest Stock Analysis on Cipher Mining Insiders Place Their Bets In other news, major shareholder Top Holdco B.V. Bitfury sold 1,000,000 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $6.22, for a total value of $6,220,000.00. Following the completion of the sale, the insider now owns 99,047,588 shares of the company’s stock, valued at approximately $616,075,997.36. The trade was a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link . Also, COO Patrick Arthur Kelly sold 53,161 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $7.16, for a total transaction of $380,632.76. Following the transaction, the chief operating officer now directly owns 664,270 shares in the company, valued at approximately $4,756,173.20. This represents a 7.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold 1,446,623 shares of company stock worth $9,000,561 over the last three months. Insiders own 2.25% of the company’s stock. About Cipher Mining ( Free Report ) Cipher Mining Inc, together with its subsidiaries, engages in the development and operation of industrial scale bitcoin mining data centers in the United States. The company was incorporated in 2020 and is based in New York, New York. Cipher Mining Inc operates as a subsidiary of Bitfury Holding B.V. Featured Stories Five stocks we like better than Cipher Mining Most active stocks: Dollar volume vs share volume Buffett Takes the Bait; Berkshire Buys More Oxy in December Airline Stocks – Top Airline Stocks to Buy Now Top 3 ETFs to Hedge Against Inflation in 2025 Find and Profitably Trade Stocks at 52-Week Lows These 3 Chip Stock Kings Are Still Buys for 2025 Receive News & Ratings for Cipher Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cipher Mining and related companies with MarketBeat.com's FREE daily email newsletter .
NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) -- At the end of the settlement date of November 15, 2024, short interest in 3,070 Nasdaq Global Market SM securities totaled 11,973,515,318 shares compared with 12,172,949,545 shares in 3,083 Global Market issues reported for the prior settlement date of October 31, 2024. The mid-November short interest represents 2.25 days compared with 3.02 days for the prior reporting period. Short interest in 1,668 securities on The Nasdaq Capital Market SM totaled 2,044,997,906 shares at the end of the settlement date of November 15, 2024, compared with 2,128,624,815 shares in 1,664 securities for the previous reporting period. This represents a 1.00 day average daily volume; the previous reporting period’s figure was 1.05 In summary, short interest in all 4,738 Nasdaq ® securities totaled 14,018,513,224 shares at the November 15, 2024 settlement date, compared with 4,747 issues and 14,301,574,360 shares at the end of the previous reporting period. This is 1.83 days average daily volume, compared with an average of 2.36 days for the prior reporting period. The open short interest positions reported for each Nasdaq security reflect the total number of shares sold short by all broker/dealers regardless of their exchange affiliations. A short sale is generally understood to mean the sale of a security that the seller does not own or any sale that is consummated by the delivery of a security borrowed by or for the account of the seller. For more information on Nasdaq Short interest positions, including publication dates, visit http://www.nasdaq.com/quotes/short-interest.aspx or http://www.nasdaqtrader.com/asp/short_interest.asp . About Nasdaq: Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn , on X @Nasdaq , or at www.nasdaq.com . Media Contact: Jennifer Lawson jennifer.lawson@nasdaq.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f227accd-cd52-4299-9a83-e3bcaa7a247c NDAQONana Kwame Bediako breaks silence on voting for NPP after wife ‘cries’ of missing vote
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Barclays PLC cut its stake in Nova Ltd. ( NASDAQ:NVMI – Free Report ) by 81.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 6,259 shares of the semiconductor company’s stock after selling 26,801 shares during the period. Barclays PLC’s holdings in Nova were worth $1,304,000 at the end of the most recent reporting period. Other hedge funds have also made changes to their positions in the company. Quarry LP raised its holdings in shares of Nova by 438.5% in the 3rd quarter. Quarry LP now owns 140 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 114 shares in the last quarter. Advisors Asset Management Inc. grew its position in Nova by 89.7% in the third quarter. Advisors Asset Management Inc. now owns 165 shares of the semiconductor company’s stock worth $34,000 after buying an additional 78 shares during the last quarter. Employees Retirement System of Texas bought a new position in shares of Nova in the second quarter valued at $68,000. Signaturefd LLC lifted its position in shares of Nova by 15.9% during the 2nd quarter. Signaturefd LLC now owns 767 shares of the semiconductor company’s stock valued at $180,000 after acquiring an additional 105 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Nova during the 2nd quarter worth $211,000. Institutional investors and hedge funds own 82.99% of the company’s stock. Analyst Upgrades and Downgrades NVMI has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Nova in a research report on Friday, November 8th. Citigroup downgraded Nova from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $273.00 to $224.00 in a report on Monday, September 16th. Finally, Benchmark raised their target price on shares of Nova from $240.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $227.80. Nova Trading Down 1.2 % Shares of NVMI stock opened at $200.05 on Friday. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of 37.32, a P/E/G ratio of 1.78 and a beta of 1.44. Nova Ltd. has a 1-year low of $128.74 and a 1-year high of $247.21. The stock’s fifty day simple moving average is $189.09 and its 200-day simple moving average is $205.92. About Nova ( Free Report ) Nova Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel, Taiwan, the United States, China, Korea, and internationally. Its product portfolio includes a set of metrology platforms for dimensional, films, and materials and chemical metrology measurements for process control for various semiconductor manufacturing process steps, including lithography, etch, chemical mechanical planarization, deposition, electrochemical plating, and advanced packaging. See Also Want to see what other hedge funds are holding NVMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nova Ltd. ( NASDAQ:NVMI – Free Report ). Receive News & Ratings for Nova Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nova and related companies with MarketBeat.com's FREE daily email newsletter .Nio Firefly: Chinese brand takes on BMW MiniNew 2025 laws hit hot topics from AI in movies to rapid-fire guns
SaaS revenue up 34% as ARR passes $100 million MONTREAL , Dec. 4, 2024 /CNW/ -- Tecsys Inc. TCS , an industry-leading supply chain management SaaS company, today announced its results for the second quarter of fiscal 2025, ended October 31, 2024 . All dollar amounts are expressed in Canadian currency and are prepared in accordance with International Financial Reporting Standards (IFRS). "Tecsys delivered strong second-quarter results, marked by major milestones in our SaaS business," said Peter Brereton , president and CEO at Tecsys. "We crossed some key thresholds as RPO surpassed $200 million and ARR exceeded $100 million , demonstrating the strength of our SaaS strategy and the trust our customers place in us. We are seeing the positive impact of our investments in innovation and customer success, positioning us well to capitalize on emerging opportunities." Mark Bentler , chief financial officer of Tecsys Inc., added, "Our fiscal 2025 financial performance reflects steady progress across key metrics, with year-to-date SaaS bookings up 20% over last year and our SaaS margins continuing to improve as we scale the business and continue to invest in platform optimization." Second quarter highlights : SaaS revenue increased by 34% to $16.1 million , up from $12.1 million in Q2 2024. SaaS subscription bookings i (measured on an ARR i basis) were $3.7 million , flat compared to the second quarter of fiscal 2024. SaaS Remaining Performance Obligation (RPO i ) increased by 39% to $203.8 million at October 31, 2024 , up from $146.7 million at the same time last year. Total revenue increased to $42.4 million compared to $41.5 million in Q2 2024. Net profit was $0.8 million or $0.05 per share on a fully diluted basis in Q2 2025, compared to a net loss of $0.3 million or $0.02 per share for the same period in fiscal 2024. Adjusted EBITDA ii was $2.9 million compared to $1.0 million reported in Q2 last year. In the second quarter of fiscal 2025, Tecsys acquired 51,600 of its outstanding common shares for approximately $2.1 million as part of its ongoing Normal Course Issuer Bid, compared to 25,800 shares acquired in the same period last year for approximately $0.7 million . Year-to-date performance for first half of fiscal 2025 SaaS revenue increased by 33% to $31.4 million , up from $23.6 million in the same period of fiscal 2024. SaaS subscription bookings i (measured on an ARR i basis) increased by 20% to $6.8 million , compared to $5.7 million in the same period of fiscal 2024. Total revenue increased to $84.7 million compared to $83.5 million in the same period of fiscal 2024. Net profit was $1.6 million ( $0.11 per basic share or $0.10 per fully diluted share) in the first half of fiscal 2025, compared to a net profit of $0.8 million ( $0.06 per basic and fully diluted share) for the same period in fiscal 2024. Adjusted EBITDA ii was $5.5 million compared to $4.2 million reported in the same period of fiscal 2024. In the first half of fiscal 2025, Tecsys acquired 111,200 of its outstanding common shares for approximately $4.3 million as part of its ongoing Normal Course Issuer Bid, compared to 25,800 shares acquired in the same period last year for $0.7 million . Financial guidance: Tecsys is maintaining FY25 guidance on SaaS revenue growth at 30-32% as well as FY25 and FY26 adjusted EBITDA margins at 8-9% and 10-11%, respectively. Based on the ongoing unpredictability of hardware revenue and a rapidly evolving business model that is impacting professional services, Tecsys is revising Fiscal 2025 total revenue guidance to roughly flat. On December 4, 2024 , the Company declared a quarterly dividend of $0.085 per share to be paid on January 3, 2025 to shareholders of record on December 18, 2024 . Pursuant to the Canadian Income Tax Act, dividends paid by the Company to Canadian residents are considered to be "eligible" dividends. i See Key Performance Indicators in Management's Discussion and Analysis of the Q2 2025 Financial Statements. ii See Non-IFRS Performance Measures in Management's Discussion and Analysis of the Q2 2025 Financial Statements Q2 2025 Financial Results Conference Call Date: December 5, 2024 Time: 8:30 a.m. ET Phone number: 800-836-8184 or 646-357-8785 The call can be replayed until December 12, 2024 , by calling: 888-660-6345 or 646-517-4150 (access code: 91117#) About Tecsys Tecsys is a global provider of advanced supply chain solutions. With a commitment to innovation and customer success, the company equips organizations with the essential software, technology and expertise needed for operational excellence and competitive advantage. Its cloud solutions serve a diverse range of industries, including healthcare, distribution and converging commerce, across multiple complex, regulated and high-volume markets. Built on the Itopia® low-code application platform, Tecsys' offerings include enterprise resource planning, warehouse management, consolidated service management, distribution and transportation management, supply management at the point of use and order management solutions. Tecsys provides critical data insights and control across the supply chain, ensuring that organizations are agile, responsive and scalable. Tecsys is publicly traded on the Toronto Stock Exchange under the ticker symbol TCS. For more about Tecsys and its solutions, please visit www.tecsys.com . Forward Looking Statements The statements in this news release relating to matters that are not historical fact are forward-looking statements that are based on management's beliefs and assumptions. Such statements are not guarantees of future performance and are subject to a number of uncertainties, including but not limited to future economic conditions, the markets that Tecsys Inc. serves, the actions of competitors, major new technological trends, and other factors beyond the control of Tecsys Inc., which could cause actual results to differ materially from such statements. More information about the risks and uncertainties associated with Tecsys Inc.'s business can be found in the MD&A section of the Company's annual report and the most recently filed annual information form. These documents have been filed with the Canadian securities commissions and are available on our website ( www.tecsys.com ) and on SEDAR+ ( www.sedarplus.ca ). Copyright © Tecsys Inc. 2024. All names, trademarks, products, and services mentioned are registered or unregistered trademarks of their respective owners. Non-IFRS Measures Reconciliation of EBITDA and Adjusted EBITDA EBITDA is calculated as earnings before interest expense, interest income, income taxes, depreciation and amortization. Adjusted EBITDA is calculated as EBITDA before stock-based compensation and restructuring costs. The exclusion of interest expense, interest income, income taxes and restructuring costs eliminates the impact on earnings derived from non-operational activities and non-recurring items, and the exclusion of depreciation, amortization and stock-based compensation eliminates the non-cash impact of these items. The Company believes that these measures are useful measures of financial performance without the variation caused by the impacts of the items described above and that could potentially distort the analysis of trends in our operating performance. In addition, they are commonly used by investors and analysts to measure a company's performance, its ability to service debt and to meet other payment obligations, or as a common valuation measurement. Excluding these items does not imply that they are necessarily non-recurring. Management believes these non-IFRS financial measures, in addition to conventional measures prepared in accordance with IFRS, enable investors to evaluate the Company's operating results, underlying performance and future prospects in a manner similar to management. Although EBITDA and Adjusted EBITDA are frequently used by securities analysts, lenders and others in their evaluation of companies, they have limitations as an analytical tool, and should not be considered in isolation, or as a substitute for analysis of the Company's results as reported under IFRS. The reconciliation of EBITDA and Adjusted EBITDA to the most directly comparable IFRS measure is provided below. Three months ended October 31, Six months ended October 31, Trailing 12 months ended October 31, (in thousands of CAD) 2024 2023 2024 2023 2024 2023 Net profit (loss) for the period $ 758 $ (340) $ 1,556 $ 831 $ 2,574 $ 2,165 Adjustments for: Depreciation of property and equipment and right-of-use assets 377 377 748 761 1,464 1,677 Amortization of deferred development costs 198 147 395 289 689 569 Amortization of other intangible assets 328 394 662 790 1,365 1,603 Interest expense 24 53 49 91 121 200 Interest income (163) (253) (380) (522) (873) (954) Income taxes 427 (81) 863 778 726 1,988 EBITDA $ 1,949 $ 297 $ 3,893 $ 3,018 $ 6,066 $ 7,248 Adjustments for: Stock based compensation 993 724 1,640 1,176 2,765 2,169 Restructuring costs - - - - 2,122 - Adjusted EBITDA ii $ 2,942 $ 1,021 $ 5,533 $ 4,194 $ 10,953 $ 9,417 Condensed Interim Consolidated Statements of Financial Position (Unaudited) (In thousands of Canadian dollars) October 31, 2024 April 30, 2024 Assets Current assets Cash and cash equivalents $ 16,848 $ 18,856 Short-term investments 11,496 16,713 Accounts receivable 21,846 22,090 Work in progress 4,498 4,248 Other receivables 375 134 Tax credits 8,704 6,422 Inventory 2,116 1,359 Prepaid expenses and other 8,227 9,143 Total current assets 74,110 78,965 Non-current assets Other long-term receivables and assets 545 421 Tax credits 5,748 4,737 Property and equipment 1,255 1,372 Right-of-use assets 1,044 1,251 Contract acquisition costs 4,356 4,478 Deferred development costs 3,173 2,683 Other intangible assets 7,196 7,703 Goodwill 17,570 17,363 Deferred tax assets 9,073 9,073 Total non-current assets 49,960 49,081 Total assets $ 124,070 $ 128,046 Liabilities Current liabilities Accounts payable and accrued liabilities 18,933 20,030 Deferred revenue 36,925 36,211 Lease obligations 834 812 Total current liabilities 56,692 57,053 Non-current liabilities Other long-term accrued liabilities 568 496 Deferred tax liabilities 649 826 Lease obligations 890 1,302 Total non-current liabilities 2,107 2,624 Total liabilities $ 58,799 $ 59,677 Equity Share capital $ 52,628 $ 52,256 Contributed surplus 6,970 9,417 Retained earnings 7,309 8,121 Accumulated other comprehensive loss (1,636) (1,425) Total equity attributable to the owners of the Company 65,271 68,369 Total liabilities and equity $ 124,070 $ 128,046 Condensed Interim Consolidated Statements of Income (loss) and Comprehensive Income (loss) (Unaudited) (In thousands of Canadian dollars, except per share data) Three Months Ended October 31, Six Months Ended October 31, 2024 2023 2024 2023 Revenue: SaaS $ 16,130 $ 12,072 $ 31,444 $ 23,567 Maintenance and Support 7,703 8,899 16,418 17,197 Professional Services 14,145 12,869 27,532 27,777 License 444 252 1,305 708 Hardware 4,020 7,397 8,019 14,215 Total revenue 42,442 41,489 84,718 83,464 Cost of revenue 21,994 23,144 44,542 45,619 Gross profit 20,448 18,345 40,176 37,845 Operating expenses: Sales and marketing 9,052 8,645 17,404 16,316 General and administration 3,199 2,971 6,177 5,930 Research and development, net of tax credits 7,205 7,133 14,536 14,245 Total operating expenses 19,456 18,749 38,117 36,491 Profit (loss) from operations 992 (404) 2,059 1,354 Other income (costs) 193 (17) 360 255 Profit (loss) before income taxes 1,185 (421) 2,419 1,609 Income tax expense (benefit) 427 (81) 863 778 Net profit (loss) $ 758 $ (340) $ 1,556 $ 831 Other comprehensive income (loss): Effective portion of changes in fair value on designated revenue hedges (513) (5,573) (533) (3,000) Exchange differences on translation of foreign operations 165 92 322 (334) Comprehensive income (loss) $ 410 $ (5,821) $ 1,345 $ (2,503) Basic earnings (loss) per common share $ 0.05 $ (0.02) $ 0.11 $ 0.06 Diluted earnings (loss) per common share $ 0.05 $ (0.02) $ 0.10 $ 0.06 Condensed Interim Consolidated Statements of Cash Flows (Unaudited) (In thousands of Canadian dollars) Three Months Ended October 31, Six Months Ended October 31, 2024 2023 2024 2023 Cash flows from operating activities: Net profit (loss) $ 758 $ (340) $ 1,556 $ 831 Adjustments for: Depreciation of property and equipment and right-of-use-assets 377 377 748 761 Amortization of deferred development costs 198 147 395 289 Amortization of other intangible assets 328 394 662 790 Interest (income) expense and foreign exchange (gain) loss (193) 17 (360) (255) Unrealized foreign exchange and other 206 600 83 (598) Non-refundable tax credits (505) (774) (934) (1,214) Stock-based compensation 993 724 1,640 1,176 Income taxes 184 362 187 376 Net cash from operating activities excluding changes in non-cash working capital items related to operations 2,346 1,507 3,977 2,156 Accounts receivable (2,132) 4,045 302 2,225 Work in progress 2,245 (1,390) (241) (2,219) Other receivables and assets 84 214 (436) (48) Tax credits (1,325) (1,248) (2,359) (2,319) Inventory (40) (242) (754) (1,084) Prepaid expenses 60 (358) 963 (641) Contract acquisition costs 119 137 80 140 Accounts payable and accrued liabilities 1,119 273 (2,000) (3,293) Deferred revenue 3,652 1,246 691 2,622 Changes in non-cash working capital items related to operations 3,782 2,677 (3,754) (4,617) Net cash provided by (used in) operating activities 6,128 4,184 223 (2,461) Cash flows from financing activities: Payment of lease obligations (204) (199) (402) (398) Payment of dividends (2,368) (2,208) (2,368) (2,208) Interest paid (24) (53) (49) (91) Issuance of common shares on exercise of stock options 320 881 597 2,644 Shares repurchased and cancelled (2,101) (673) (4,312) (673) Net cash used in financing activities (4,377) (2,252) (6,534) (726) Cash flows from investing activities: Interest received 3 33 27 69 Transfers from short-term investments 5,022 - 5,570 22 Acquisitions of property and equipment (200) (163) (409) (265) Deferred development costs (433) (253) (885) (500) Net cash provided by (used in) investing activities 4,392 (383) 4,303 (674) Net increase (decrease) in cash and cash equivalents during the period 6,143 1,549 (2,008) (3,861) Cash and cash equivalents - beginning of period 10,705 15,825 18,856 21,235 Cash and cash equivalents - end of period $ 16,848 $ 17,374 $ 16,848 $ 17,374 Condensed Interim Consolidated Statements of Changes in Equity (Unaudited) (In thousands of Canadian dollars, except number of shares) Share capital Contributed Surplus Accumulated other comprehensive (loss) income Retained earnings Total Number Amount Balance, May 1, 2024 14,840,150 $ 52,256 $ 9,417 $ (1,425) $ 8,121 $ 68,369 Net profit - - - - 1,556 1,556 Other comprehensive (loss) income: Effective portion of changes in fair value on designated revenue hedges - - - (533) - (533) Exchange difference on translation of foreign operations - - - 322 - 322 Total comprehensive (loss) income - - - (211) 1,556 1,345 Shares repurchased and cancelled (111,200) (394) (3,918) - - (4,312) Stock-based Compensation - - 1,640 - - 1,640 Dividends to equity owners - - - - (2,368) (2,368) Share options exercised 23,899 766 (169) - - 597 Total transactions with owners of the Company (87,301) $ 372 (2,447) $ - $ (2,368) $ (4,443) Balance, October 31, 2024 14,752,849 $ 52,628 $ 6,970 $ (1,636) $ 7,309 $ 65,271 Balance, May 1, 2023 14,582,837 $ 44,338 15,285 $ (17) $ 10,832 $ 70,438 Net profit - - - - 831 831 Other comprehensive income: - Effective portion of changes in fair value on designated revenue hedges - - - (3,000) - (3,000) Exchange difference on translation of foreign operations - - - (334) - (334) Total comprehensive (loss) income - - - (3,334) 831 (2,503) Shares repurchased and cancelled (25,800) (84) (589) - - (673) Stock-based Compensation - - 1,176 - - 1,176 Dividends to equity owners - - - - (2,208) (2,208) Share options exercised 161,249 3,388 (744) - - 2,644 Total transactions with owners of the Company 135,449 $ 3,304 (157) $ - $ (2,208) $ 939 Balance, October 31, 2023 14,718,286 $ 47,642 15,128 $ (3,351) $ 9,455 $ 68,874 SOURCE Tecsys Inc. View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2024/04/c3785.html © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Andrej Jakimovski hit a layup with 8 seconds left, and Colorado upset No. 2 UConn 73-72 in the consolation bracket of the Maui Invitational on Tuesday in Lahaina, Hawaii. Colorado (5-1) rallied from down 11 in the first half to get the win over the two-time defending national champions Huskies. Jakimovski finished with 12 points and 10 rebounds and Julian Hammond III and Elijah Malone each scored 16 for the Buffaloes, who advanced to the fifth-place game in Maui on Wednesday. Down 72-71, Jakimovski drove the right side of the lane and made a scoop shot as he was falling down. UConn called timeout to set up the final play but Hassan Diarra missed a 3-pointer with 2 seconds left. Liam McNeeley led UConn with 20 points, Solo Ball scored 16 and Diarra finished with 11. The Huskies (4-2) lost two straight for the first time since dropping three in a row from Jan. 11-18, 2023. Colorado trailed by eight at halftime and Diarra hit two 3-pointers early in the second half that made it 46-37. The Buffaloes scored the next 11 points to take a 48-46 lead, their first of the game. Hammond bookended that run with a pair of triples. UConn went back in front 55-52 on Tarris Reed Jr.'s driving layup but Malone's bucket with 8:34 left tied it at 59. McNeeley's hook shot gave the Huskies a 63-60 lead before Jakimovski drained a 3-pointer to tie it again with 5:16 left. Ball hit a 3-pointer and a layup to give UConn a five-point lead but Colorado got within 70-69 on two free throws by Malone with 2:04 left. A putback from Jaylin Stewart made it a three-point game with 1:29 remaining. Malone answered with a layup, Javon Ruffin blocked Diarra's shot and Colorado got an offensive rebound with 24 seconds left to set up the winning basket. McNeeley made his first four shots from deep and had 16 points by intermission to lead the Huskies. Colorado had opportunities to make it a close game by halftime but went just 12-for-19 from the foul line and trailed 40-32. UConn attempted only four free throws in the first half and had five players with two or more fouls, including Reed, who had three. --Field Level Media
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Incumbent president Zoran Milanovic, the opposition Socialist Democrats' candidate, was on track to win a second term of office in the first round of Croatia's presidential election, the State Electoral Commission said. Preliminary results on Sunday showed that based on results from nearly 52 per cent of polling stations Milanovic had won 50.1 per cent support, far ahead of his main challenger Dragan Primorac - the candidate of the ruling Croatian Democratic Union (HDZ) - on 22.3 per cent. Around 3.8 million Croats were eligible to vote, choosing from eight candidates ranging from across the political spectrum. The post of president is mostly ceremonial. The election will go to a second round on January 12 if none of the candidates wins a majority. During his five-year term which expires on February 18, Milanovic, a former prime minister, has clashed with Prime Minister Andrej Plenkovic over foreign and public policy and has fiercely criticised the European Union and NATO over their support for Ukraine. The president cannot veto laws, but has a say in foreign policy, defence and security matters. Despite his populist rhetoric, Milanovic is seen by many as the only counterbalance to the HDZ-dominated government, which has seen 30 ministers forced to leave in recent years amid allegations of corrupt practices.
1 2 Kolkata: Expanding the social security cover in Bengal, CM Mamata Banerjee on Thursday said over 5 lakh more women would be included in the Lakshmir Bhandar scheme. Another 43,900 elderly widows will be entitled to old age pension and 19,000 more persons with disabilities will be brought under the monthly benefit scheme. Taking a dig at Centre, Banerjee said: "They make temporary schemes like Agniveer, which is pushing people into darkness. I think of permanent schemes." Over 2.2 crore women in Bengal are currently covered under Lakshmir Bhandar. Bengal's own rural housing scheme, to be rolled out from Dec 15, will be called Banglar Bari, she said. "They (Centre) do not provide funds but put their names in all yojanas. Even if I die after 10 years, I will not want a statue of mine. Many people proposed that I name things after my parents, but I did not agree," the CM told reporters after an administrative meeting at Nabanna. Banerjee said there were 36 lakh mud houses in Bengal. "Within the next couple of years, all houses would be pucca. Disbursal of funds (under Banglar Bari) for 12 lakh houses will start from Dec 15 and would be completed by June 30. The beneficiaries would get Rs 60,000 as the first instalment," she said. Under the Krishak Bandhu scheme , for Ravi crop in 2024-25, one crore farmers would get a support of Rs 2,943 crore. For Lakshmir Bhandar, Rs 48,490 crore had already been disbursed, the CM said, adding that the revised figure would touch around Rs 54,000 crore with the new beneficiaries.Barclays PLC raised its position in Embecta Corp. ( NASDAQ:EMBC – Free Report ) by 41.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 97,930 shares of the company’s stock after purchasing an additional 28,523 shares during the period. Barclays PLC owned about 0.17% of Embecta worth $1,381,000 at the end of the most recent reporting period. A number of other hedge funds have also made changes to their positions in EMBC. Quarry LP purchased a new stake in shares of Embecta in the 3rd quarter worth about $30,000. Copeland Capital Management LLC purchased a new stake in shares of Embecta in the third quarter valued at about $43,000. Iat Reinsurance Co. LTD. purchased a new stake in shares of Embecta in the second quarter valued at about $50,000. CWM LLC grew its position in shares of Embecta by 11.3% in the third quarter. CWM LLC now owns 10,102 shares of the company’s stock valued at $142,000 after purchasing an additional 1,023 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Embecta during the 2nd quarter worth approximately $140,000. Hedge funds and other institutional investors own 93.83% of the company’s stock. Embecta Price Performance NASDAQ:EMBC opened at $20.70 on Friday. The firm has a market cap of $1.20 billion, a PE ratio of 15.33, a P/E/G ratio of 1.08 and a beta of 1.25. The firm has a 50 day simple moving average of $17.22 and a 200-day simple moving average of $15.16. Embecta Corp. has a 1-year low of $9.93 and a 1-year high of $21.48. Embecta Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Friday, December 6th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date was Friday, December 6th. Embecta’s payout ratio is 44.44%. Analysts Set New Price Targets A number of equities research analysts recently issued reports on EMBC shares. BTIG Research raised Embecta from a “neutral” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Wednesday, November 27th. Morgan Stanley raised Embecta from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $13.00 to $20.00 in a research note on Monday, December 2nd. Check Out Our Latest Stock Report on EMBC Embecta Company Profile ( Free Report ) Embecta Corp., a medical device company, focuses on the provision of various solutions to enhance the health and wellbeing of people living with diabetes. Its products include pen needles, syringes, and safety injection devices, as well as digital applications to assist people with managing patient's diabetes. Featured Stories Five stocks we like better than Embecta Using the MarketBeat Dividend Yield Calculator Buffett Takes the Bait; Berkshire Buys More Oxy in December Stock Average Calculator Top 3 ETFs to Hedge Against Inflation in 2025 What is a buyback in stocks? A comprehensive guide for investors These 3 Chip Stock Kings Are Still Buys for 2025 Receive News & Ratings for Embecta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Embecta and related companies with MarketBeat.com's FREE daily email newsletter .
Health Secretary Wes Streeting has defended the Government's proposal to create a "smoke-free generation" by incrementally increasing the minimum age for purchasing tobacco, stating that there is "no freedom in addiction". If the Tobacco and Vapes Bill is passed into law, individuals born after January 1, 2009, will be prohibited from legally smoking. The Bill encountered criticism during its second reading, with Conservative MP Andrew Rosindell arguing in favour of individual choice, while the Liberal Democrats expressed concerns regarding civil liberties. On Tuesday, the Bill successfully cleared its initial hurdle in the House of Commons, with a majority of 368 votes (415 to 47) in favour of its approval. The voting records revealed that Conservative Party leader Kemi Badenoch was among those who voted against the Bill during its second reading. Conservative MPs were granted a free vote, with 23 Tories, including former health secretary Victoria Atkins, voting in support of the Bill, while 35 voted against it. Keep up to date with all the latest breaking news and top stories from the North East with our free newsletter The proposed legislation includes a comprehensive ban on vape advertising and sponsorship, aligning with existing tobacco restrictions, to prevent displays visible to children and young people, such as those on buses, in cinemas, and shop windows. In his opening statement for the second reading debate, Mr Streeting declared: "This Bill will come down on the vaping industry like a ton of bricks to prevent a new generation of children and young people from getting hooked on nicotine." Conservative MP Bob Blackman has urged for tougher measures on tobacco companies, including a levy on their profits to make them accountable "for the blight on our population's health". "Both of my parents died from smoking-related cancer. My late mother was only 47, and she was a very heavy smoker all her life. I was then left as a 23-year-old with three younger sisters to bring up as a family," he recounted. "I don't want any families in this country to have to go through what our family went through then. So this for me is personal, as well as political." The Harrow East MP, who also chairs the All-Party Parliamentary Group (APPG) for smoking and health, advocated for the "implementation of a polluter pays tobacco levy on the profits of big tobacco, addressing issues of both market prices and limiting the profitability of the industry". Romford MP Mr Rosindell countered by saying "banning things very rarely works", and argued: "Surely we should be promoting the concept of freedom with responsibility and allowing people to make choices about their own lives?" In response, Mr Streeting highlighted the unique dangers of tobacco, stating: "There is no liberty in addiction. There is no freedom in addiction, and the logical extension of the libertarian argument he puts forward would be the end of the ban on indoor smoking." Liberal Democrats' health spokesperson Helen Morgan expressed concerns regarding the gradated smoking ban, highlighting: "The introduction of a phased smoking ban is problematic and not because Liberal Democrats want to see people smoke themselves into an early grave far from it but because it raises issues of practicality and raises issues of civil liberties." She cautioned against potential implications of the Bill for personal freedoms, elaborating that it "raises the prospect of an ID card, because those people who do choose to start smoking will potentially be forced to carry an ID card or some other form of ID with them for the rest of their lives, and that is a concern for a Liberal Democrat who is strongly opposed to requiring people to carry their ID around with them for various issues of privacy and personal liberty". Health minister Andrew Gwynne reassured: "Most retailers already follow recommended practice and regularly ask customers for ID." Explaining the government's approach, he stated, "We are stopping people from ever starting smoking and 83% of smokers start before the age of 20, this means that someone who has never previously smoked is highly unlikely to want to take up smoking later in life." Gwynne further shared positive projections, noting, "And our published modelling shows that smoking rates in England for 14 to 30-year-olds could be close to 0% as early as 2050, with the measures in this Bill." Reflecting on the Government's approach, Reform UK MP for South Basildon and East Thurrock James McMurdock urged Ministers to "think very carefully" about their "remit". He said: "I would just ask everyone in the room to consider what kind of world and country we actually want to live in, one where we could send one of the kids down to the shop, pick something up for us, or one where we literally are forced to police people's behaviour in parks? And I think we should think very carefully about what our remit is as a Government." The Bill aims to curb smoking in areas popular with children. Speaking in the Commons, Mr Streeting explained plans to consult on a smoking ban outside schools, hospitals, and playgrounds. He clarified that pubs and other hospitality spaces would be exempt from the consultation. The legislation will also grant powers for authorities to licence retailers selling tobacco and vaping products across England, Wales, and Northern Ireland. Fines of £200 will be handed out to retailers who fail to verify the age of customers. ChronicleLive is now on WhatsApp and we want you to join our communities. We have a number of communities to join, so you can choose which one you want to be part of and we'll send you the latest news direct to your phone. You could even join them all! To join you need to have WhatsApp on your device. All you need to do is choose which community you want to join, click on the link and press 'join community'. No one will be able to see who is signed up and no one can send messages except the ChronicleLive team. We also treat our community members to special offers, promotions, and adverts from us and our partners. 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