None
President-elect Donald Trump said he had picked former Securities and Exchange Commissioner Paul Atkins to head the agency, according to a posting he made on Truth Social on Wednesday. Atkins served as an SEC Commissioner from 2002 to 2008. He’s now the CEO of consulting firm Patomak Global Partners which has clients across the financial and cryptocurrency industries. Atkins is known as a strong backer of cryptocurrencies, and could be in place to help shape key regulations for an industry Trump has avidly courted should he be confirmed by the Senate. “Paul is a proven leader for common sense regulations,” Trump said in his Truth Social posting. “He believes in the promise of robust, innovative capital markets that are responsive to the needs of Investors, & that provide capital to make our Economy the best in the World. He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before.” Current SEC Chair Gary Gensler has announced he would step down on Jan. 20, when Trump is due to be inaugurated. Gensler had widely antagonized the crypto industry by going after key players with aggressive enforcement actions. New dawn for crypto? Atkins had been seen recently as one of the leading contenders to replace Gensler, sparking excitement across the crypto industry. Prices of cryptocurrencies have surged since Trump’s election, with bitcoin almost surpassing $100,000 for the first time ever before pulling back. Just a few years ago, Trump had called cryptocurrencies a “scam” and told Fox Business they were “potentially a disaster waiting to happen.” But he has had a conversion. During this year’s election, Trump promised to make to make the U.S. “the crypto capital of the planet” by bringing in friendly regulators and ending the types of tough enforcement actions taken against the sector under President Biden. His family also has financial interests in a crypto-related company called World Liberty Financial. Gary Gensler, the current SEC Chair, speaks during a meeting of financial regulators at the Treasury Department in Washington, DC on May 10, 2024. Gensler, who said he’ll step down on Jan. 20, had antagonized the crypto industry with aggressive enforcement actions. (ANDREW CABALLERO-REYNOLDS/AFP via Getty Images/AFP) His selection of Atkins, a well known crypto backer, could now help propel the industry further. Atkins has expressed reservations before about the enforcement actions taken by the SEC against the domestic crypto industry, saying it could drive the industry abroad instead of developing it in the U.S. Trump falls just below 50% in popular vote, but gets more than in past elections This year's popular-vote margin is the second-closest since 1968 and still tightening. It shows just how closely divided the country is politically. 1 day ago But crypto critics are alarmed However, Trump’s support of the crypto industry has alarmed critics of the sector. Cryptocurrencies have a history of intense volatility and have been racked by frauds and scams. They are also believed to be widely used for illegal activities such as the drug trade as well as terrorism. The industry has also seen spectacular implosions. FTX, once the world’s biggest crypto exchange, collapsed in 2022 and its founder and CEO, Sam Bankman-Fried, was convicted of fraud for stealing billions in customer money. Bankman-Fried was later sentenced to 25 years in prison . Nonetheless, Trump had been widely expected to appoint crypto-friendly regulators. The crypto industry could also benefit from a Republican Congress, with the GOP set to control both the House and the Senate with narrow majorities. The makeup of Congress was shaped in part by the millions of dollars the industry spent to help defeat lawmakers seen as crypto skeptics, like Democratic Ohio Senator Sherrod Brown, the current Chair of the Senate Banking Committee, who lost his reelection bid in November. Never miss a moment with the WHYY Listen App! Play, pause, and rewind the live radio stream, access on-demand audio features, and dive into podcasts from both local and national sources. WHYY is your source for fact-based, in-depth journalism and information. As a nonprofit organization, we rely on financial support from readers like you. Please give today.
'We need more' — Murphy says he wants answers on drones too
However, some state workers failed to return to their jobs and a United Nations official said the country’s public sector had come “to a complete and abrupt halt”. Meanwhile, streams of refugees crossed back into Syria from neighbouring countries, hoping for a more peaceful future and looking for relatives who disappeared during Mr Assad’s brutal rule. There were already signs of the difficulties ahead for the rebel alliance now in control of much of the country. The alliance is led by a former senior al-Qaida militant, who severed ties with the extremist group years ago and has promised representative government and religious tolerance. The rebel command said they would not tell women how to dress. “It is strictly forbidden to interfere with women’s dress or impose any request related to their clothing or appearance, including requests for modesty,” the command said in a statement on social media. Nearly two days after rebels entered the capital, some key government services had shut down after state workers ignored calls to go back to their jobs, the UN official said, causing issues at airports and borders and slowing the flow of humanitarian aid. Rebel leader Ahmad al-Sharaa, who was known by his nom de guerre Abu Mohammed al-Golani, also met with Prime Minister Mohammad Ghazi Jalali for the first time. Mr Jalali stayed in Syria when Mr Assad fled and has sought to project normalcy since. “We are working so that the transitional period is quick and smooth,” he told Sky News Arabia TV on Monday, saying the security situation had already improved from the day before. At the court of Justice in Damascus, which was stormed by the rebels to free detainees, Judge Khitam Haddad, an aide to the justice minister in the outgoing government, said that judges were ready to resume work quickly. “We want to give everyone their rights,” Mr Haddad said outside the courthouse. “We want to build a new Syria and to keep the work, but with new methods.” But a UN official said some government services had been paralysed as worried state employees stayed at home. The public sector “has just come to a complete and abrupt halt,” said Adam Abdelmoula, UN resident and humanitarian co-ordinator for Syria, noting, for example, that an aid flight carrying urgently needed medical supplies had been put on hold after aviation employees abandoned their jobs. “This is a country that has had one government for 53 years and then suddenly all of those who have been demonised by the public media are now in charge in the nation’s capital,” Mr Abdelmoula told The Associated Press. “I think it will take a couple of days and a lot of assurance on the part of the armed groups for these people to return to work again.” In a video shared on a rebel messaging channel, Mr al-Sharaa said: “You will see there are skills” among the rebels. The Kremlin said Russia has granted political asylum to Mr Assad, a decision made by President Vladimir Putin. Kremlin spokesperson Dmitry Peskov declined to comment on Mr Assad’s specific whereabouts and said Mr Putin did not plan to meet with him. Damascus was quiet Monday, with life slowly returning to normal, though most shops and public institutions were closed. In public squares, some people were still celebrating. Civilian traffic resumed, but there was no public transport. Long lines formed in front of bakeries and other food stores. There was little sign of any security presence though in some areas, small groups of armed men were stationed in the streets.Bharti Airtel signs multi-year, multi-billion deal with..... for 4G, 5G network expansionFERGUS FALLS, Minn. (AP) — A jury convicted two men of charges related to human smuggling for their roles in an international operation that led to the deaths of a family of Indian migrants who froze while trying to cross the Canada-U.S. border during a 2022 blizzard. Harshkumar Ramanlal Patel, 29, an Indian national who prosecutors say went by the alias “Dirty Harry,” and Steve Shand, 50, an American from Florida, were part of a sophisticated illegal operation that has brought increasing numbers of Indians into the U.S., prosecutors said. They were each convicted on four counts related to human smuggling, including conspiracy to bring migrants into the country illegally. “This trial exposed the unthinkable cruelty of human smuggling and of those criminal organizations that value profit and greed over humanity,” Minnesota U.S. Attorney Andy Luger said. “To earn a few thousand dollars, these traffickers put men, women and children in extraordinary peril leading to the horrific and tragic deaths of an entire family. Because of this unimaginable greed, a father, a mother and two children froze to death in sub-zero temperatures on the Minnesota-Canadian border,” Luger added. The most serious counts carry maximum sentences of up to 20 years in prison, the U.S. Attorney’s Office told The Associated Press before the trial. But federal sentencing guidelines rely on complicated formulas. Luger said Friday that various factors will be considered in determining what sentences prosecutors will recommend. Federal prosecutors said 39-year-old Jagdish Patel; his wife, Vaishaliben, who was in her mid-30s; their 11-year-old daughter, Vihangi; and 3-year-old son, Dharmik, froze to death Jan. 19, 2022, while trying to cross the border into Minnesota in a scheme Patel and Shand organized. Patel is a common Indian surname, and the victims were not related to Harshkumar Patel. The couple were schoolteachers, local news reports said. The family was fairly well off by local standards, living in a well-kept, two-story house with a front patio and a wide veranda. Experts say illegal immigration from India is driven by everything from political repression to a dysfunctional American immigration system that can take years, if not decades, to navigate legally. Much is rooted in economics and how even low-wage jobs in the West can ignite hopes for a better life. Before the jury’s conviction on Friday, the federal trial in Fergus Falls, Minnesota, saw testimony from an alleged participant in the smuggling ring, a survivor of the treacherous journey across the northern border, border patrol agents and forensic experts. Defense attorneys were pitted against each other, with Shand’s team arguing that he was unwittingly roped into the scheme by Patel. Patel’s lawyers, The Canadian Press reported , said their client had been misidentified. They said “Dirty Hary,” the alleged nickname for Patel found in Shand’s phone, is a different person. Bank records and witness testimony from those who encountered Shand near the border didn’t tie him to the crime, they added. Prosecutors said Patel coordinated the operation while Shand was a driver. Shand was to pick up 11 Indian migrants on the Minnesota side of the border, prosecutors said. Only seven survived the foot crossing. Canadian authorities found two parents and their young children later that morning, dead from the cold. The trial included an inside account of how the international smuggling ring allegedly works and who it targets. Rajinder Singh, 51, testified that he made over $400,000 smuggling over 500 people through the same network that included Patel and Shand. Singh said most of the people he smuggled came from Gujarat state. He said the migrants would often pay smugglers about $100,000 to get them from India to the U.S., where they would work to pay off their debts at low-wage jobs in cities around the country. Singh said the smugglers would run their finances through “hawala,” an informal money transfer system that relies on trust. The pipeline of illegal immigration from India has long existed but has increased sharply along the U.S.-Canada border. The U.S. Border Patrol arrested more than 14,000 Indians on the Canadian border in the year ending Sept. 30, which amounted to 60% of all arrests along that border and more than 10 times the number two years ago. By 2022, the Pew Research Center estimates more than 725,000 Indians were living illegally in the U.S., behind only Mexicans and El Salvadorans. Jamie Holt, a Special Agent with Homeland Security Investigations, said the case is a stark reminder of the realities victims of human smuggling face. “Human smuggling is a vile crime that preys on the most vulnerable, exploiting their desperation and dreams for a better life,” Holt said. “The suffering endured by this family is unimaginable and it is our duty to ensure that such atrocities are met with the full force of the law.” One juror Kevin Paul, of Clearwater, Minnesota, told reporters afterward that it was hard for the jurors to see the pictures of the family’s bodies. He said he grew up in North Dakota and is familiar with the kind of conditions that led to their deaths. “It’s pretty brutal,” Paul said. “I couldn’t imagine having to do what they had to do out there in the middle of nowhere.”
Wall Street veteran Scott Bessent nominated to be Trump's treasurer - and he couldn't be more different from Rachel Reeves!Meta shareholders seek sanctions for Sandberg, Zients for deleting Cambridge Analytica emails
UnitedHealth Stock Sell-Off 'Unjustified' After UnitedHealthcare CEO's Murder
Saturday, November 30, 2024 Munich Airport is making significant strides toward its “Net Zero 2035” sustainability goal with the launch of two battery-operated “Ground Power Units” (eGPUs). Operated by AeroGround, a fully owned subsidiary of Munich Airport, these eGPUs supply power to aircraft parked away from boarding bridges. By December 2024, the airport plans to have 20 of these units in operation. The “Net Zero” initiative targets a 90% reduction in CO2 emissions at the airport, with the remaining emissions to be offset through various environmental projects. The new ground power units help reduce carbon dioxide emissions during aircraft downtime by eliminating the need for kerosene-powered auxiliary power units (APUs). This initiative will prevent the release of approximately 8,000 tonnes of CO2 annually at Munich Airport. By investing in battery-powered eGPUs, the airport is also reducing its reliance on fossil fuels, alongside its purchase of emission-free electric passenger buses. Currently, ten of these eco-friendly buses are in use, with an additional 27 set to join the fleet by the end of the year. Munich Airport’s shift from conventional to electric technology is a significant step toward achieving its “Net Zero 2035” target. The procurement of these environmentally friendly power generators was supported by a EUR 5.6 million grant from the Federal Ministry for Digital and Transport, part of the funding program for alternative technologies in airport ground power. This funding is distributed between Flughafen München GmbH and AeroGround, under the coordination of NOW GmbH and approval by the Federal Office of Administration.
WATCH: Fallon prices security fence at Butler, Pa. rally at $410
Trump vows tariffs over immigration. What the numbers say about border crossings, drugs and crime.Michigan, Ohio State fight broken up with police pepper spray after Wolverines stun Buckeyes 13-10
NoneFortuna Garden Club tour kicks offNone
Struggling Syracuse looks to climb back above .500 when it hosts Albany on Tuesday night. The Orange (4-4) are coming off a conference loss to Notre Dame where they failed to make a 3-pointer in a game for the first time in more than 10 years, going 0-for-9 from behind the arc. They will be without leading scorer J.J. Starling, who broke his hand in practice last Monday. Orange coach Adrian Autry said there was "no timetable" for Starling's return after the loss to the Fighting Irish and lamented his team's struggles with turnovers and free-throw shooting in the defeat. "Too many blown opportunities," Autry said. "We're not shooting the ball well. We have to adjust and go game by game now. Our front court has been pretty secure, but we have to keep working and getting better." Starling was averaging a team-high 19.8 points before his injury. The Orange may need to lean more on freshman Donnie Freeman, who has been a standout for Syracuse this season. He's averaging 12.8 points and 8.8 rebounds and already has four double-doubles. He was co-ACC Rookie of the Week last week. Defensively, the Orange have struggled. They rank No. 329 in scoring defense, giving up 79.4 points per game. Albany is scoring 77.2 ppg so far this season. The Great Danes (6-4) were downed by Boston University 80-74 in overtime on Saturday. They started the season 5-1 but have lost three of their last four. Senior guard Byron Joshua, a transfer from Alcorn State, is the Great Danes' leading scorer at 13.6 ppg. Amar'e Marshall was an All-America East Conference pick last season after averaging 16.7 points, but his field goal shooting has dropped from 43.4 percent last season to 34.5 percent this season. He is scoring 11.7 ppg. "I think we're learning how to compete at the right level," Albany coach Dwyane Killings said after a loss to Georgetown on Nov. 30. "I think the one thing that troubles us a lot is that our identity and our energy comes when the ball goes in the basket. When it doesn't, I don't think we have the grit that we need right now." Albany has been one of the best teams in the country in terms of steals. The Great Danes average 10.2 steals per game, which is tied for No. 12 in the nation. Syracuse is 8-0 against Albany all-time with the teams last meeting in 2011. Syracuse is 4-0 at home and 4-0 against non-power-conference opponents. --Field Level Media
Rupert Murdoch's audacious bid to cement his eldest son's control over one of the world's most influential media empires has failed, a US report said Monday. The first family of news -- commanding a stable that includes Fox News, The Wall Street Journal and a host of British and Australian media -- had been the inspiration for the hit TV series "Succession." Like the fictional version, this real-life fight pitted the children of a powerful patriarch against each other for who should be the face and the voice of the empire after the old man dies. Murdoch, now 93, had long intended that his children inherit the empire, and jointly decide its direction. The eldest daughter, Prudence, has had little involvement in the family business, but at various times the other three -- Lachlan, James and Elisabeth -- have all been considered as successors. But in recent years Murdoch senior had reportedly grown concerned that Fox News -- the crown jewels of the collection -- might drift away from its lucrative right-wing moorings after his death, to reflect the more centrist views of James and Elisabeth. He had therefore sought to designate Lachlan -- who currently heads Fox News and News Corp -- as the controlling player in the wider business. That had required rewriting the terms of an irrevocable trust that passed power to the four siblings jointly, stripping three of them of voting power, while allowing them to continue to benefit financially. Rupert Murdoch had argued that giving control to Lachlan -- who is understood to share his father's worldview -- was in the financial interests of the whole brood. The family intrigue played out behind closed doors in a Nevada courtroom, where Murdoch senior and his four children were understood to have given several days' evidence in September. In a decision filed at the weekend, probate commissioner Edmund J. Gorman Jr. said the father and son had acted in "bad faith" in trying to rewrite the rules, The New York Times reported, citing a copy of the sealed court document. The plan to alter the trust's structure was a "carefully crafted charade" to "permanently cement Lachlan Murdoch's executive roles." "The effort was an attempt to stack the deck in Lachlan Murdoch's favor after Rupert Murdoch's passing so that his succession would be immutable," the Times cited the ruling as saying. "The play might have worked; but an evidentiary hearing, like a showdown in a game of poker, is where gamesmanship collides with the facts and at its conclusion, all the bluffs are called and the cards lie face up. "The court, after considering the facts of this case in the light of the law, sees the cards for what they are and concludes this raw deal will not, over the signature of this probate commissioner, prevail." Murdoch's lawyer, Adam Streisand, did not immediately reply to an AFP request for comment. The ruling is not final, and must now be ratified or rejected by a district judge. That ruling could be challenged, perhaps provoking another round of legal arguments. The complicated structure of the irrevocable trust reflects the colourful familial relationships that shaped Rupert Murdoch's life as he built the multibillion-dollar empire. The trust was reported to have been the result of a deal agreed with his second wife -- mother of Lachlan, Elisabeth and James -- who wanted to ensure her offspring would not be disenfranchised by children Murdoch had with his third wife, Wendi Deng. The Murdoch empire has transformed tabloid newspapers, cable TV and satellite broadcasting over the last few decades while facing accusations of stoking populism across the English-speaking world. Brexit in Britain and the rise of Donald Trump in the United States are credited at least partly to Murdoch and his outlets. hg/nroNew York Yankees outfielder Aaron Judge was the best hitter in the American League by a mile in 2024. The AL Most Valuable Player voting, announced Thursday, reflected that with uncanny accuracy. More news: Yankees Broadcaster Michael Kay Explains 'Where Fans are Dead Wrong' About Juan Soto Judge won the award in voting by the Baseball Writers Association of America. Former Yankees captain Derek Jeter made the live announcement on MLB Network. Judge, 32, hit .322 with 58 home runs and 144 RBIs in the regular season, helping the Yankees win an AL-leading 94 games. Judge collected all 30 first-place votes from the BBWAA electorate. Kansas City Royals shortstop Bobby Witt Jr. collected all 30 second-place votes. Yankees outfielder Juan Soto finished third, collecting 21 third-place votes, ahead of Baltimore Orioles infielder Gunnar Henderson, who finished fourth. Here are the AL MVP vote totals pic.twitter.com/c29K0VFstd "I honestly wouldn't be in this position without my teammates, all the coaching we had this year," Judge told the MLB Network panel. "This is such a blessing. I have to thank God every day to be here, wear pinstripes, and be here in New York." It is the second AL MVP award of Judge's career. He also won the award in 2022. "It means a lot," he said on MLB Network. "There's a lot of hard work in the offseason, during the season the ups and downs throughout it, and just the constant support from teammates, the fans in New York — just everybody to help me get to this spot." Aaron Judge joins 1956 Mickey Mantle as the Yankees’ only unanimous MVPs (since BBWAA began voting in 1931) The Yankees' only other unanimous MVP selection was Mickey Mantle in 1956, according to MLB 's Sarah Langs. The BBWAA began voting on the MVP award in 1931. Yankees players have won 22 MVPs since then, more than any other team. Judge's path to the award was anything but straight. He was hitting below .200 as late as May 2, but turned things around in a hurry. From May 3 until the All-Star break, he slashed .367/.487/.837, claiming the AL Player of the Month awards in May and June in the process. More news: Yankees' Owner: 'No Idea' Where Team Stands in Juan Soto Sweepstakes Judge made his sixth AL All-Star team, won his fourth Silver Slugger Award, and led all players with 10.8 Wins Above Replacement, a career-high. His 218 wRC+ was the highest ever by a right-handed hitter and the seventh-best of all time. Adjusted OPS+ career highs for all-time greats in a single season: Mike Trout 198, 2018 Mickey Mantle 221, 1957 Shohei Ohtani 184, 2023 Albert Pujols 192, 2008 Willie Mays 185, 1965 Henry Aaron 194, 1971 Ken Griffey Jr. 171, 1993 and '94 Aaron Judge's Adjusted OPS+ in 2024: 230 The Yankees signed Judge to a nine-year, $360 million contract in Dec. 2022 and named him the 16th captain in team history. For more MLB news, visit Newsweek Sports .
Mirrorless Is Now the Epicenter of the Photography World and This Is the Little Camera That Started It All“We are sending a very clear message in Pennsylvania, the use of AI to harm others, especially our children, will not be tolerated,” said state Sen. Tracy Pennycuick.
ROCK HILL, S.C., Nov. 26, 2024 (GLOBE NEWSWIRE) -- 3D Systems Corporation (NYSE:DDD) announced today its financial results for the third quarter ended September 30, 2024. Third Quarter Highlights (All numbers are unaudited and are presented in millions, except per share amounts or as otherwise noted) Summary Comments on Results Commenting on third quarter results, Dr. Jeffrey Graves, president and CEO of 3D Systems said, "As recently shared, our third quarter revenues continued to be impacted by sluggish capital investments by our customers for new production capacity, particularly in the Industrial markets, impacting the sale of new printing systems. On a positive note however, capacity utilization for our installed printer fleet broadly increased, translating into an increase in consumable revenues, which grew nearly 10% on both prior year and sequential comparisons. While 2024 has been a challenging year for new printer system sales, we are increasingly encouraged about the future, driven in large part by customer demand for our Application Innovation Group, a group of highly skilled process specialists who assist customers in developing new applications for 3D printing. Year-to-date this group, which spans both polymer and metal solutions, has experienced a rise of over 26% in revenues derived from new application development, particularly in highly regulated markets such a semiconductor equipment manufacturing, oil & gas, aerospace & defense markets, and our medical markets. Much of this performance, and the future growth potential it implies, has been fueled by an aggressive cycle of innovation at our company, enabled by our sustained focus on new product innovation across all of our major polymer and metal printing solutions. As a result of this sustained focus, which we believe differentiates us from many others in our industry, we are on pace to deliver nearly 40 new products to market since the third quarter of last year, and 25 in calendar 2024 alone. We believe no other company in our industry has matched this output that we expect will pay dividends in growth and profitability improvements as the economy rebounds in the future.” Dr. Graves continued, "Given our strong focus on new product innovation, over the last two years we've also completely altered our manufacturing model from nearly 100% outsourced, to taking full responsibility for our integrated supply chain by in-sourcing procurement, assembly operations and logistics. This transition is now virtually complete, and, while it required short-term increases in expenses and working capital, we believe it is absolutely essential in driving smooth new product introductions, high quality product and delivery performance and, importantly, long-term customer satisfaction and gross margin improvements as factory efficiencies increase. While weakness in our end-markets over the last several quarters has muted these benefits, as volumes recover we expect to realize them increasingly over time. With our in-sourcing efforts now close to completion, our near term focus has shifted to managing working capital and capex spend to improve cash performance. This has been increasingly effective as we entered the second half of the year, as demonstrated by the stabilization of our cash reserves in the third quarter. We were also pleased to deliver a sequential reduction in operating expenses, in line with our previous expectations, and expect the benefits of restructuring actions previously taken to positively impact our cost structure in the quarters ahead.” Dr. Graves concluded, "As we look to the end of the year, the consistent fueling of our R&D engines as we moved through a tougher macro environment period is now driving an acceleration of exciting new customer applications, supported by outstanding new products spanning from new printer hardware to advanced engineering materials, to enhancement of our software capabilities. We believe this positions us well as the geopolitical and economic headwinds of the last 18 months ultimately begin to recede. Given timing uncertainties and normal quarter-to-quarter inventory management at year-end, we believe it is prudent to be conservative in our outlook for the full year. As such, we are updating our revenue expectations for the full year 2024 to be between $440 million and $450 million. From an OPEX perspective, we expect to see continued improvement consistent with our prior comments, namely that OPEX will decrease again in Q4, to below $60 million. These combined factors should yield a sequential improvement in Adjusted EBITDA and will place us on a trajectory towards profitability in the quarters ahead. We will continue our balanced view of short-term focus on cash performance and improving profitability, while meeting the longer-term needs of our customers from a technology and service perspective. In keeping our customers' production goals clearly in our sites each day, we believe that substantial long-term value will be created for all of our stakeholders in the years ahead.” Summary of Third Quarter Results Revenue for the third quarter of 2024 decreased approximately 9% to $112.9 million compared to the same period last year, primarily driven by lower printer sales, partially offset by approximately 10% growth in materials. Gross profit margin for the third quarter of 2024 was 36.9% compared to 44.7% for the same period last year. Non-GAAP gross profit margin was 37.6% compared to 44.8% for the same period last year. Gross profit margin decreased primarily due to unfavorable absorption associated with lower volumes and approximately $3 million associated with an increase in inventory reserves, partially offset by favorable mix. In addition, gross profit margin from the prior year period includes approximately $4.5 million of incremental revenue recognized by our Regenerative Medicine business at 100% margin related to incremental milestone recognition which did not repeat in the third quarter of 2024. Operating expense for the third quarter of 2024 was $222.5 million compared to $68.9 million for the same period last year and includes $143.7 million associated with the impairment of goodwill and other long-lived assets taken during the third quarter of 2024. Non-GAAP operating expense of $61.4 million increased $5.6 million compared to the same period last year, while improving $2.7 million on a sequential basis. The sequential improvement was primarily driven by benefits associated with prior restructuring actions. Net loss attributable to 3D Systems Corporation for the third quarter of 2024 was $178.6 million compared to a net loss of $11.7 million for the same period last year. The decline from prior year was primarily impacted by the previously referenced $143.7 million associated with the impairment of goodwill and other long-lived assets taken during the third quarter of 2024. Adjusted EBITDA decreased by $19.1 million to a loss of $14.3 million in the third quarter of 2024 compared to the same period last year. The decrease in Adjusted EBITDA primarily reflects lower revenue, lower gross margin and higher operating expense. As previously noted, the third quarter of 2023 also included the benefit of approximately $4.5 million of incremental milestone recognition by our Regenerative Medicine business at 100% margin that did not repeat in the third quarter of 2024. Updating 2024 Outlook Based on current macroeconomic and geopolitical conditions, 3D Systems is updating its financial guidance for the remainder of 2024 as follows: At September 30, 2024, the company had cash and cash equivalents of $190.0 million, a decrease of $141.5 million since December 31, 2023. The decrease resulted primarily due to cash used in operations of $37.1 million, capital expenditures of $10.8 million, and repayment on borrowings of $87.2 million. At September 30, 2024, the company had total debt, net of deferred financing costs of $211.7 million. Q3 2024 Conference Call and Webcast The company will host a conference call and simultaneous webcast to discuss these results on November 27, 2024, which may be accessed as follows: Date: Wednesday, November 27, 2024 Time: 8:30 a.m. Eastern Time Listen via webcast: www.3dsystems.com/investor Participate via telephone: 201-689-8345 A replay of the webcast will be available approximately two hours after the live presentation at www.3dsystems.com/investor . Forward-Looking Statements Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward looking statements can be identified by terms such as "believes,” "belief,” "expects,” "may,” "will,” "estimates,” "intends,” "anticipates” or "plans” or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management's beliefs, assumptions and current expectations and may include comments as to the company's beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings "Forward-Looking Statements” and "Risk Factors” in the company's periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved. The forward-looking statements included are made only as the date of the statement. 3D Systems undertakes no obligation to update or revise any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise, except as required by law. Presentation of Information in this Press Release 3D Systems reports its financial results in accordance with GAAP. Management also reviews and reports certain non-GAAP measures, including: non-GAAP gross profit, non-GAAP gross profit margin, non-GAAP operating expense, non-GAAP diluted income (loss) per share, and Adjusted EBITDA. These non-GAAP measures exclude certain items that management does not view as part of 3D Systems' core results as they may be highly variable, may be unusual or infrequent, are difficult to predict and can distort underlying business trends and results. Management believes that the non-GAAP measures provide useful additional insight into underlying business trends and results and provide meaningful information regarding the comparison of period-over-period results. Additionally, management uses the non-GAAP measures for planning, forecasting and evaluating business and financial performance, including allocating resources and evaluating results relative to employee compensation targets. 3D Systems' non-GAAP measures are not calculated in accordance with or as required by GAAP and may not be calculated in the same manner as similarly titled measures used by other companies. These non-GAAP measures should thus be considered as supplemental in nature and not considered in isolation or as a substitute for the related financial information prepared in accordance with GAAP. To calculate the non-GAAP measures, 3D Systems excludes the impact of the following items: The matters discussed above are tax effected, as applicable, in calculating non-GAAP diluted income (loss) per share. Adjusted EBITDA, defined as net income, plus income tax (provision) benefit, interest and other income (expense), net, stock-based compensation expense, amortization of intangible assets, depreciation expense, and other non-GAAP adjustments, all as described above, is used by management to evaluate performance and helps measure financial performance period-over-period. A reconciliation of GAAP to non-GAAP measures is provided in the accompanying schedules. 3D Systems does not provide forward-looking guidance for certain measures on a GAAP basis. The company is unable to provide a quantitative reconciliation of forward-looking non-GAAP gross profit margin, Adjusted EBITDA, and non-GAAP operating expense to the most directly comparable forward-looking GAAP measures without unreasonable effort because certain items, including litigation costs, acquisition expenses, stock-based compensation expense, intangible assets amortization expense, restructuring expenses, and goodwill impairment charges are difficult to predict and estimate. These items are inherently uncertain and depend on various factors, many of which are beyond the company's control, and as such, any associated estimate and its impact on GAAP performance could vary materially. About 3D Systems More than 35 years ago, 3D Systems brought the innovation of 3D printing to the manufacturing industry. Today, as the leading additive manufacturing solutions partner, we bring innovation, performance, and reliability to every interaction - empowering our customers to create products and business models never before possible. Thanks to our unique offering of hardware, software, materials and services, each application-specific solution is powered by the expertise of our application engineers who collaborate with customers to transform how they deliver their products and services. 3D Systems' solutions address a variety of advanced applications in Healthcare and Industrial Solutions markets such as medical and dental, aerospace & defense, automotive and durable goods. More information on the company is available at www.3dsystems.com . Tables Follow Unaudited Condensed Consolidated Balance Sheets September 30, 2024 and December 31, 2023These Alleged Facebook, X, And Goodreads Posts From The Alleged UnitedHealthcare CEO's Killer Are Going ViralROSEN, A TRUSTED AND LEADING LAW FIRM, Encourages Match Group, Inc. Investors to Secure Counsel ...