Tel-Aviv, Israel, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (“Ellomay” or the “Company”), a renewable energy and power generator and developer of renewable energy and power projects in Europe, USA and Israel, today announced that it will hold an extraordinary general meeting of shareholders (the “Meeting”) at the Company’s offices at 18 Rothschild Boulevard, 1st Floor, Tel Aviv 6688121, Israel, on Thursday, January 30, 2025, at 3:00 p.m., Israel time, and thereafter as it may be adjourned or postponed from time to time. The agenda of the Meeting will be to approve the terms of service and compensation of Mr. Ben Sheizaf, the Company’s Chairman of the Board. Shareholders of record as of the close of business on December 30, 2024 will be entitled to vote at the Meeting or any adjournments or postponements thereof. The Company plans to mail a proxy statement that describes the proposal to be considered at the Meeting and a proxy card on or about December 31, 2024. A proxy statement and proxy card will also be furnished to the Securities and Exchange Commission on Form 6-K on or about December 23, 2024. The resolution to be presented at the Meeting requires the affirmative vote of holders of at least a majority of the ordinary shares voted at the Meeting on the matter presented for passage, in person or by proxy or via the electronic system of the Israel Securities Authority. Eligible shareholders may present proper proposals for inclusion in the Meeting by submitting their proposals to the Company no later than December 30, 2024. Shareholders may vote their ordinary shares by means of a proxy card, which is required to be received by the Company, along with the documentation set forth in the proxy statement, by 11:00 a.m., Israel time, on January 30, 2025 (four hours prior to the Meeting), to be counted for the Meeting, or through the electronic system of the Israel Securities Authority until six hours prior to the Meeting. About Ellomay Capital Ltd. Ellomay is an Israeli based company whose shares are listed on the NYSE American and the Tel Aviv Stock Exchange under the trading symbol “ELLO”. Since 2009, Ellomay Capital focuses its business in the renewable energy and power sectors in Europe, USA and Israel. To date, Ellomay has evaluated numerous opportunities and invested significant funds in the renewable, clean energy and natural resources industries in Israel, Italy, Spain, the Netherlands and Texas, USA, including: For more information about Ellomay, visit http://www.ellomay.com . Information Relating to Forward-Looking Statements This press release contains forward-looking statements that involve substantial risks and uncertainties, including statements that are based on the current expectations and assumptions of the Company’s management. All statements, other than statements of historical facts, included in this press release regarding the Company’s plans and objectives, expectations and assumptions of management are forward-looking statements. The use of certain words, including the words “estimate,” “project,” “intend,” “expect,” “believe” and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements and you should not place undue reliance on the Company’s forward-looking statements. Various important factors could cause actual results or events to differ materially from those that may be expressed or implied by the Company’s forward-looking statements, including changes in electricity prices and demand, continued war and hostilities in Israel, regulatory changes, including extension of current or approval of new rules and regulations increasing the operating expenses of manufacturers of renewable energy in Spain, increases in interest rates and inflation, changes in the supply and prices of resources required for the operation of the Company’s facilities (such as waste and natural gas) and in the price of oil, the impact of continued military conflict between Russia and Ukraine, technical and other disruptions in the operations or construction of the power plants owned by the Company and general market, political and economic conditions in the countries in which the Company operates, including Israel, Spain, Italy and the United States. These and other risks and uncertainties associated with the Company’s business are described in greater detail in the filings the Company makes from time to time with Securities and Exchange Commission, including its Annual Report on Form 20-F. The forward-looking statements are made as of this date and the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Contact: Kalia Rubenbach (Weintraub) CFO Tel: +972 (3) 797-1111 Email: hilai@ellomay.com
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ATLANTA--(BUSINESS WIRE)--Dec 4, 2024-- Angel Oak Capital Advisors (Angel Oak) , a leading investment management firm focused on active fixed-income investing, announces that, effective on or about Dec. 20, the stock exchange listings for the Angel Oak High Yield Opportunities ETF (AOHY), Angel Oak Income ETF (CARY), Angel Oak Mortgage-Backed Securities ETF (MBS) and Angel Oak UltraShort Income ETF (UYLD) will be transferred to The Nasdaq Stock Market LLC (Nasdaq) from the New York Stock Exchange Arca Inc. The board of trustees of the Angel Oak Funds Trust approved the transfer at a meeting on Dec. 4. Angel Oak expects the funds to begin trading as Nasdaq-listed funds on Dec. 20. Shares will continue to trade under the same tickers. Fund shareholders are not required to take any action, and the transfer is not expected to have any effect on the trading of the shares. Now managing more than $1.5 billion in assets through its ETFs and sub-advisory services, Angel Oak offers a suite of ETFs to provide investors with unique options tailored to various risk-reward profiles. For more information on Angel Oak’s ETFs and to view the latest performance data, click here . About Angel Oak Capital Advisors, LLC Angel Oak is an investment management firm focused on providing compelling fixed-income investment solutions to its clients. Backed by a value-driven approach, Angel Oak seeks to deliver attractive, risk-adjusted returns through a combination of stable current income and price appreciation. Its experienced investment team seeks the best opportunities in fixed income, with a specialization in mortgage-backed securities and other areas of securitized credit. For more information, please visit www.angeloakcapital.com . 1 Gross and net expense ratios are reported as of the 5/30/24 prospectus. 2 Gross and net expense ratios are reported as of the 5/30/24 prospectus. The Adviser has contractually agreed to waive its fees to limit the Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement to 0.79% of the Fund’s average daily net assets through 5/31/25. 3 Gross and net expense ratios are reported as of the 5/30/24 prospectus. The Adviser has contractually agreed to waive its fees to limit the Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement to 0.49% of the Fund’s average daily net assets through 9/30/25. 4 Gross and net expense ratios are reported as of the 5/30/24 prospectus. The Adviser has contractually agreed to waive its fees to limit the Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement to 0.29% of the Fund’s average daily net assets through 5/31/25. Investors should carefully consider the investment objectives, risks, charges and expenses of the funds. This and other important information about the funds is contained in the Prospectus which can be obtained by calling Shareholder Services at 855-751-4324 or from www.angeloakcapital.com . The Prospectus should be read carefully before investing. Investing involves risk; principal loss is possible. Investments in debt securities typically decrease when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in lower-rated and nonrated securities present a greater risk of loss to principal and interest than higher-rated securities do. Investments in asset-backed and mortgage-backed securities include additional risks that investors should be aware of, including credit risk, prepayment risk, possible illiquidity, and default, as well as increased susceptibility to adverse economic developments. Derivatives involve risks different from—and in certain cases, greater than—the risks presented by more traditional investments. Derivatives may involve certain costs and risks such as illiquidity, interest rate, market, credit, management, and the risk that a position could not be closed when most advantageous. Investing in derivatives could lead to losses that are greater than the amount invested. The Fund may use leverage, which may exaggerate the effect of any increase or decrease in the value of securities in the Fund’s portfolio or higher and duplicative expenses when it invests in mutual funds, ETFs, and other investment companies. The Funds are a recently organized investment company with limited operating history. As a result, prospective investors have a limited track record or history on which to base their investment decisions. For more information on these risks and other risks of the Fund, please see the Prospectus. ETFs may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market prices (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The Fund is an actively managed ETF, which is a fund that trades like other publicly traded securities. The Fund is not an index fund and does not seek to replicate the performance of a specified index. The Angel Oak Funds are distributed by Quasar Distributors, LLC. View source version on businesswire.com : https://www.businesswire.com/news/home/20241204889615/en/ CONTACT: Media: Trevor Davis, Gregory FCA for Angel Oak Capital Advisors 443-248-0359 trevor@gregoryfca.com Company: Randy Chrisman, Chief Marketing & Corporate IR Officer, Angel Oak Capital Advisors 404-953-4969 randy.chrisman@angeloakcapital.com KEYWORD: UNITED STATES NORTH AMERICA GEORGIA INDUSTRY KEYWORD: FINANCE CONSULTING BANKING ACCOUNTING PROFESSIONAL SERVICES SOURCE: Angel Oak Capital Advisors Copyright Business Wire 2024. PUB: 12/04/2024 04:05 PM/DISC: 12/04/2024 04:05 PM http://www.businesswire.com/news/home/20241204889615/en
Chance of direct attack by Russia ‘remote’, says UK armed forces chiefWNBA star Brittney Griner and her wife Cherelle took to social media to give the public a first look at their bouncing baby boy. The couple, who welcomed their first child , Bash Griner, in July, posted a series of photos to Instagram on Tuesday, featuring them and the newborn in a nursery decked out by Crate & Kids . A post shared by BG (@brittneyyevettegriner) “Bash may have the best room in the house,” Brittney wrote in a caption promoting a partnership for the décor. “We love every detail, from his amazing book wall collection to his comfortable crib! He sleeps like a big man in his room alone.” Wed in 2019, the pair announced in April they were expecting their first child with a social media post of sonogram photos. Griner, 33, shared the news of baby Bash’s birth with CBS Sports in July, ahead of her competing in the 2024 Olympics . “He is amazing,” she said at the time. “They said as soon as you see them, everything that you thought mattered just goes out the window. That’s literally what happened.” The Phoenix Mercury center made international headlines in February 2022 when she was arrested at a Moscow airport after authorities said they found vape canisters with cannabis oil inside her luggage. Brittney was detained in a Russian penal colony for nearly 10 months before being released through a prisoner swap.Luke Doty did not walk Nov. 23 for South Carolina’s senior day, a strong indication he’d be back on the Gamecocks’ roster in 2025. Doty confirmed that decision Sunday: He’ll return to South Carolina for the 2025 season, which will be his sixth year at USC. “Absolutely,” Doty said when asked after bowl practice if he’d be a Gamecock again for one final season. Doty, who came to South Carolina as a four-star quarterback out of Myrtle Beach High in 2020, has switched positions and seen his playing time decrease almost every year ... and he wants to remain on Shane Beamer’s football team. Heading into the Cheez-It Citrus Bowl against Illinois on Tuesday, Doty has appeared in 11 games for South Carolina (starting one) with just three catches for 17 yards. So many players in Doty’s position would have hit the transfer portal 10 seconds after the regular season ended. And, yet, he’ll return to South Carolina as a leader in the locker room and a phenomenal teammate. He will be the only member of South Carolina’s 2020 recruiting class still on the 2025 roster. Doty has one more semester to complete his master’s degree. And his goals for a final season are no different from how he’s approached his college career. “Just continue to be me, be who I am on a day-to-day basis,” he said Sunday, “a great teammate a guy that’s going to show up every day and be consistent. No matter what it is, whether I’m playing receiver, quarterback, running back, special teams, offense, just being consistent and being the best version of myself every single day, putting myself and my teammates in the best position to succeed.” Doty is also one of the most visible athletes at South Carolina. He has NIL deals with Midas, local apparel company Granger Owings, Columbia-based Goings Law Firm, a Myrtle Beach clothing store called Native Sons and hosts his own podcast through The Garnet Trust called “ Whole 9 Yards with Luke Doty.” While NIL money can influence players leaving their school, it’s part of the reason Doty keeps sticking around. Thought he admitted “money is in high demand right now with the way things are going,” he added: “I’m not all about the money. It’s never been about the money for me. I came in 2020 when this whole thing was just an idea. I came to school because it was a place that I loved and knew I could get a great education and set myself up for 40 years down the road. “With the NIL stuff, it’s all about the relationships you make with whoever you’re dealing with. That’s how I’ve always felt about it. It’s not always about how much you’re getting paid. It’s how that can affect your life later on down the road. Doty will graduate in May and joked that he’ll have to take “golf or yoga” in the fall semester to stay eligible. “Being able to come away with two degrees from this university is something I’m extremely grateful for,” he said. This story was originally published December 29, 2024, 4:39 PM.Conor McGregor goes on social media rampage and blasts 'lies' after losing assault trial
Snag a 28% Discount on Fitbit Sense 2, and Invest in Your HealthPatiala: A day after activists of 1158 Assistant Professors and Librarians (APL) Front started a fast unto death near chief minister Bhagwant Mann ’s residence in Sangrur to seek immediate appointment of 411 remaining candidates, police in Sangrur rounded up several protesters under preventive custody and sent 35 of them to Sangrur jail . Sangrur DSP said the protesters had been sent to jail under preventive custody. On Tuesday, Paramjit Singh, Jaswant Singh and Surinder Singh Chowdhury started the fast. It was decided that if any of them died or their health deteriorated, a new protester would replace them. On Nov 24, the members of APL Front clashed with police in Sangrur during a protest, following which their meeting was fixed with minister Harjot Bains. However, it remained fruitless. Daljit Kaur, one of the protesters said 50 of them were taken into custody and kept at three police stations — Sherpur, Dharamgarh, and Lehragaga. “Our phones were also confiscated,” said Daljit, who is pursuing PhD. tnn We also published the following articles recently 1158 APL Front protestors start with fast unto death strike near CM's Sangrur residence In Sangrur, 1158 Assistant Professors and Librarians (APL) Front members began a hunger strike near CM Bhagwant Mann's residence, demanding the appointment of 411 remaining candidates. The APL Front alleges government inaction despite a High Court order approving the recruitment. Following a clash with police, meetings with officials yielded no results. Farmers to protest at Sangrur house of CM, complain to mom Farmer groups in Punjab are escalating their protest against the detention of farm leader Jagjit Singh Dallewal. They plan to protest at CM Bhagwant Mann's residence and accuse him of acting against farmers' interests. Another farm leader, Sukhjit Singh Hardojhande, has begun a fast unto death. Unemployed ETT teachers Lathi-charged in Sangrur; 25 protestors, 8 cops injured in clash Unemployed teachers in Punjab clashed with police in Sangrur on Tuesday, demanding appointment letters. The protest, involving ETT cadre unions, resulted in injuries to both demonstrators and officers after a march towards CM Bhagwant Mann's residence. Police used water cannons and tear gas to disperse the crowd who had blocked a national highway. Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , and Mini Crossword .The demands of achieving both one-day shipping and a satisfying orgasm collide in Halina Reijn’s “Babygirl,” a kinky and darkly comic erotic thriller about sex in the Amazon era. stars as Romy Mathis, the chief executive of Tensile, a robotics business that pioneered automotive warehouses. In the movie’s opening credits, a maze of conveyor belts and bots shuttle boxes this way and that without a human in sight. Romy, too, is a little robotic. She intensely presides over the company. Her eyes are glued to her phone. She gets Botox injections, practices corporate-speak presentations (“Look up, smile and never show your weakness”) and maintains a floor-through New York apartment, along with a mansion in the suburbs that she shares with her theater-director husband ( ) and two teenage daughters (Esther McGregor and Vaughan Reilly). But the veneer of control is only that in “Babygirl,” a sometimes campy, frequently entertaining modern update to the erotically charged movies of the 1990s, like “Basic Instinct” and “9 1/2 Weeks.” Reijn, the Danish director of has critically made her film from a more female point of view, resulting in ever-shifting gender and power dynamics that make “Babygirl” seldom predictable — even if the film is never quite as daring as it seems to thinks it is. The opening moments of “Babygirl,” which A24 releases Wednesday, are of Kidman in close-up and apparent climax. But moments after she and her husband finish and say “I love you,” she retreats down the hall to writhe on the floor while watching cheap, transgressive internet pornography. The breathy soundtrack, by the composer Cristobal Tapia de Veer, heaves and puffs along with the film’s main character. One day while walking into the office, Romy is taken by a scene on the street. A violent dog gets loose but a young man, with remarkable calmness, calls to the dog and settles it. She seems infatuated. The young man turns out to be Samuel (Harris Dickinson), one of the interns just starting at Tensile. When they meet inside the building, his manner with her is disarmingly frank. Samuel arranges for a brief meeting with Romy, during which he tells her, point blank, “I think you like to be told what to do.” She doesn’t disagree. Some of the same dynamic seen on the sidewalk, of animalistic urges and submission to them, ensues between Samuel and Romy. A great deal of the pleasure in “Babygirl” comes in watching Kidman, who so indelibly depicted uncompromised female desire in Stanley Kubrick’s “Eyes Wide Shut,” again wade into the mysteries of sexual hunger. “Babygirl,” which Reijn also wrote, is sometimes a bit much. (In one scene, Samuel feeds Romy saucers of milk while George Michael’s “Father Figure” blares.) But its two lead actors are never anything but completely magnetic. Kidman deftly portrays Romy as a woman falling helplessly into an affair; she both knows what she’s doing and doesn’t. Dickinson exudes a disarming intensity; his chemistry with Kidman, despite their quickly forgotten age gap, is visceral. As their affair evolves, Samuel’s sense of control expands and he begins to threaten a call to HR. That he could destroy her doesn’t necessarily make Romy any less interested in seeing him, though there are some delicious post-#MeToo ironies in their clandestine CEO-intern relationship. Also in the mix is Romy’s executive assistant, Esme (Sophie Wilde, also very good), who’s eager for her own promotion. Where “Babygirl” heads from here, I won’t say. But the movie is less interested in workplace politics than it is in acknowledging authentic desires, even if they’re a little ludicrous. There’s genuine tenderness in their meetings, no matter the games that are played. Late in the film, Samuel describes it as “two children playing.” As a kind of erotic parable of control, “Babygirl” is also, either fittingly or ironically, shot in the very New York headquarters of its distributor, A24. For a studio that’s sometimes been accused of having a “house style,” here’s a movie that goes one step further by literally moving in. What about that automation stuff earlier? Well, our collective submission to digital overloads might have been a compelling jumping-off point for the film, but along the way, not every thread gets unraveled in the easily distracted “Babygirl.” Saucers of milk will do that. “Babygirl,” an A24 release, is rated R by the Motion Picture Association for “strong sexual content, nudity and language.” Running time: 114 minutes. Three stars out of four.Article content BEIRUT — Syria’s de facto leader said Sunday it could take up to four years to hold elections in Syria, and that he plans to dissolve his Islamist group that led the country’s insurgency at an anticipated national dialogue summit for the country. Ahmad al-Sharaa, who leads Hayat Tahrir al-Sham, the group leading the new authority in Syria, made the remarks in an interview with Saudi television network Al-Arabiyya. It comes almost a month after a lightning insurgency led by HTS overthrew President Bashar Assad’s decades-long rule, ending the country’s uprising-turned civil war that started back in 2011. Al-Sharaa said it would take time to hold elections because of the need for Syria’s different forces to hold political dialogue and rewrite the country’s constitution following five decades of the Assad dynasty’s dictatorial rule. Also, the war-torn country’s battered infrastructure needs to be reconstructed, he said. “The chance we have today doesn’t come every 5 or 10 years,” said al-Sharaa, formerly known as Abu Mohammed al-Golani. “We want the constitution to last for the longest time possible.” Al-Sharaa is Syria’s de facto leader until March 1, when Syria’s different factions are set to hold a political dialogue to determine the country’s political future and establish a transitional government that brings the divided country together. There, he said, HTS will dissolve after years of being the country’s most dominant rebel group that held a strategic enclave in the country’s northwest. Earlier, an Israeli airstrike in the outskirts of Damascus on Sunday killed 11 people, according to a war monitor, as Israel continues to target Syrian weapons and military infrastructure even after the ouster of Assad. The Britain-based Syrian Observatory for Human Rights said the airstrike targeted a weapons depot that belonged to Assad’s forces near the industrial town of Adra, northeast of the capital. The observatory said at least 11 people, mostly civilians, were killed. The Israeli military did not comment on the airstrike Sunday. Israel, which has launched hundreds of airstrikes over Syria since the country’s uprising turned-civil war broke out in 2011, rarely acknowledges them. It says its targets are Iran-backed groups that backed Assad. Unlike his criticism of key Assad ally Iran, al-Sharaa hoped to maintain “strategic relations” with Russia, whose air force played a critical role in keeping Assad in power for over a decade during the conflict. Moscow has a strategic airbase in Syria. The HTS leader also said negotiations are ongoing with the Kurdish-led Syrian Democratic Forces in northeastern Syria, and hopes that their armed forces will integrate with the Syrian security agencies. The Kurdish-led group is Washington’s key ally in Syria, where it is heavily involved in targeting sleeper cells belonging to the extremist Islamic State group. Turkish-backed Syrian rebels have been clashing with the SDF even after the insurgency, taking the key city of Manbij, as Ankara hopes to create a buffer zone near its border in northern Syria. The rebels attacked near the strategic northern border town of Kobani, while the SDF shared a video of a rocket attack that destroyed what it said was a radar system south of the city of Manbij. In other developments: — Syrian state-run media said a mass grave was found near the third largest city of Homs. SANA said civil defence workers were sent to to the site in al-Kabo, one of many suspected mass graves where tens of thousands of Syrians are believed to have been buried during a brutal crackdown under Assad and his network of security agencies. — An Egyptian activist wanted by Cairo on charges of incitement to violence and terrorism, Abdulrahman al-Qardawi, was detained by Lebanese security forces after crossing the porous border from Syria, according to two judicial and one security officials who spoke on condition of anonymity because they were not authorized to to talk to the press. Al-Qardawi is an Egyptian activist residing in Turkey and an outspoken critic of Egypt’s government. He had reportedly visited Syria to join celebrations after Assad’s downfall. His late father, Youssef al-Qaradawi, was a top and controversial Egyptian cleric revered by the outlawed Muslim Brotherhood. He had lived in exile in Qatar for decades. — Lebanese security forces apprehended an armed group in the northern city of Tripoli that kidnapped a group of 26 Syrians who were recently smuggled into Lebanon, two Lebanese security officials said on condition of anonymity because they were not authorized to share the information with the media. The Syrians included five women and seven children, and security officials are working to return them to Syria.
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Getting smart about car insurance can provide cost savings and peace of mindIt may be the most expensive project in Victoria's history, but the state government still hasn't secured a third of its funding despite signing contracts worth more than $5 billion to build the Suburban Rail Loop. The project — an ambitious plan to build an orbital train link through Melbourne's middle suburbs — is one that will define Premier Jacinta Allan. In the face of political opposition and concern over the eye-watering price — the first stage alone will cost $34 billion — the premier has staked her leadership on the SRL. Labor has taken the project to two elections and were returned with increased margins. It picked up and held seats along the route between Cheltenham and Box Hill as well. But there's disquiet among some ministers and in caucus that the state is spending so much money on a project in Melbourne's east. Frustration is loudest among MPs representing Melbourne's north and west, seats that have been considered Labor heartland for generations. The opposition, at both a state and federal level, have raised concerns about the project's finances, but Victorian Coalition leader John Pesutto says he will not rip up the contracts should he win in 2026. So, while there's a lot of noise about the suburban rail loop, what do experts say? The ABC spoke to a group of economists, planners and users to see what they make of the biggest infrastructure project in Victoria's history. Some experts back 'visionary' rail project The opinions were varied. It's taken awhile to surface but several transport experts back the SRL because of its transformational ambition. They say a key aspect is that SRL prepares for the future rather than being built to catch up to demand. Dr Chris Hale, a transport and infrastructure expert, believes plenty of people will catch the service, with up to 40,000 people a day using some of the new stations at Box Hill and Monash University. "The figures look pretty strong for a public investment case,'' he said. "It's also an opportunity for us to reconceptualise our rail network, to make it less of a radial style network, and I think there are really significant prospects for growing that eastern suburbs corridor into a major economic heartland for greater Melbourne." Others to support the plan include RMIT's David Hayward and Monash University's Graham Currie. Dr Hayward, a public policy expert, says the "visionary" value of the SRL was from the housing growth it would stimulate around new stations. "The bit that I really like about it's not so much what's happening below ground. It's all of the housing and retail and other development above ground. It's going to remake a big chunk of Melbourne, because we're growing so rapidly,'' Dr Hayward said. The government's rhetoric supporting the project focuses on Melbourne growing to the population size of London, 8 million people, by 2051. A debate about how big Melbourne and Victoria should be is likely to only get hotter as federal and state elections approach, so expect to hear plenty of questions from the opposition about Melbourne's "livability" in coming months and years. Transport expert Dr Graham Currie says Melbourne needs to restructure how it operates to deal with population growth. "We are going to need the project, and the sooner we get started on it, the sooner the project will come to create the benefits that we need," he said. "I asked the people that are against it to look at alternatives that could create the significant changes which the SRL would do." Other experts accuse SRL of sponging up cash from other projects Not all transport and planning experts are supportive of the concept. Marion Terrill is scathing of the project because it focuses on an older technology in heavy rail and will suck up all the budget for more pressing projects. "Victoria is the most indebted of all the states, so we don't have a feasible plan to pay for it,'' Ms Terrill said. "So, it's going to crowd out things like Geelong Fast Rail, Melbourne Airport rail, because the government simply can't afford them all." Stage 1 will be funded a third from direct state investment — it's already signed contracts worth $7.5 billion. Another third will be raised through "value capture" — read taxes and levies — from new developments around stations and a third from the federal government. But the federal government is yet to commit to the request. Before the last election, Labor promised $2.2 billion but that is yet to flow, and the remaining request is subject to assessment by Infrastructure Australia. That process has been hindered by accusations Victoria isn't handing over all the information. "I don't think it's a good idea. I think if it was a good idea, the government would have told us why it was, and it hasn't really done that, and it would have told Infrastructure Australia why it's good idea,'' Ms Terrill said. Federal funding for the project looms as major issue at next year's election, with Peter Dutton's opposition cool on the Suburban Rail Loop. There's also concern among federal Labor MPs that the money could be better spent elsewhere, including on the perennially delayed Airport Rail Link. Economist Saul Eslake is also wary of the eye-watering price tag of the project, and the use of debt to fund its construction. "It's far from clear that the Suburban Rail Loop will generate sufficient revenue to cover the interest on that debt, the operating expenses and the repayments over future years of that debt,'' he said. "The railway to the airport might have done more for promoting the future growth of Melbourne and different types of industries of the future than the first stage of the Suburban Rail Loop." He's also worried that the SRL investment will mean the state spends less on core business like schools, hospitals and policing. Public transport association balances pros and cons of SRL But what about those that use public transport to get around? The Public Transport Users Association are supportive of adding more options to the network and ending the so called hub-and-spoke layout but are wary of lost opportunities elsewhere. "Fundamentally it's a good idea for the future of Melbourne,'' PTUA spokesman Daniel Bowen said. "Clearly the government has got to keep a lid on the cost, and make sure that other high priority investments be that in public transport or other fields. "We have unreliable and infrequent bus services right across Melbourne, we have problems with the trams, problems with the trains." The government is not backing down, and contracts are signed. More practical opponents of the project want the SRL to be delayed for a few years to let the cost be spread out over more years. The project is also sucking up thousands of workers during a housing crisis, as well as increasing pressure on materials. "It'll free up some of the resources to be redeployed elsewhere, where it's needed right now. It would be the sensible thing to do. I wish they had done it a couple of budgets ago, quite frankly," Dr Hayward said. But that train has already left the station.President-elect Donald Trump helped pen business advice in his 1987 book "The Art of the Deal" that has echoed throughout his posture on tariffs, from his first term to today: "Leverage: don't make deals without it." On Monday evening, Trump announced that he plans to use executive orders to impose a 25% tariff on all goods from Mexico and Canada on his . He said in a post on Truth Social that the tariffs "will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!" Though Trump promised to implement harsh tariffs throughout the campaign, actions from his first term indicate that the sweeping threat — which has reverberated throughout and like auto — might be a version of Trump's long-favored "leverage." In June of 2019, Trump threatened tariffs against Mexico if the country didn't alter its immigration system, which it eventually . "That was in a sense analogous to what he's doing now outside of economics, when he's talking about fentanyl and he's demanding more control of people coming to the border," Robert Lawrence, a professor of international trade and investment and a senior fellow at the Peterson Institute for International Economics, told Business Insider. "Were the tariffs the reason the Mexicans became more compliant? I don't know, but he certainly did use that as a threat." Lawrence added that the threat of tariffs is effective rhetorically right now, particularly for people in the European Union who doubted Trump's willingness to follow through on his word. Trump also used tariffs as "leverage" when renegotiating the North American Free Trade agreement, Mark Blyth, a political economist at Brown University, told BI. Blyth said that Trump is notably unpredictable and that, until he steps into the White House again on January 20, people can only speculate about what promises he'll follow through on. "We're all shadow boxing. We're jumping at the show: 'Look, he's going to do this! He says he's going to do this!'" Blyth said. "He's still got to get in, he's still got to form his . He's got to put in these people and then he can do stuff." According to a report from the , tariffs set important context for the NAFTA renegotiations, and Mexico and Canada likely wouldn't have come to the negotiating table without them. But the report concludes that using tariffs-as-leverage do not necessarily result in significantly more favorable trade relations, though they do succeed in getting "other countries' attention." While are taking Trump's threats seriously, some banking leaders seem to think that Trump's most recent tariff threat is a continuation of his prior negotiation tactic. "This is President Trump's negotiating style: step one, punch in the face, step two, let's negotiate," Kieran Calder, the head of equity research for Asia at Union Bancaire Privée, said, according to . In a report published Tuesday morning, said that "the timing and narrow focus of the latest threat suggest scope for negotiation." By focusing on non-trade issues — immigration and drugs — Trump is suggesting that the tariffs are transactional, focused more on gaining the upper hand than implementing long-term tariffs, the authors argue. The global head for emerging markets strategy at Citi Bank, Luis Costa, spoke on on Tuesday morning to make a similar point in relation to Mexico. "To us, it is absolutely obvious that the Trump administration will use tariffs as one important lever to negotiate with Sheinbaum's government," he said. "It is probably something that is more about negotiation rather than about imposing tariffs." And Trump's own nominee for Treasury secretary, , published an earlier this month arguing that the president-elect uses "tariffs as a negotiating tool with our trading partners." A spokesperson from the Trump transition team told BI in a statement that "in his first term, President Trump instituted tariffs against China that created jobs, spurred investment, and resulted in no inflation." Read the original article onSCOTTSDALE, Ariz. — Even when Penn State quarterback Drew Allar gets some praise, it's usually a backhanded compliment. They say he's a good game manager and stays within himself, or that he doesn't try to do too much. They mention he might not be flashy, but he gives the team a chance to win. And here's the thing about Penn State since Allar stepped under center: The Nittany Lions have won games. A lot of them. Sometimes that's hard to remember considering the lukewarm reception he often gets from fans. "I get it — we have a really passionate fan base and they're a huge part of our success," Allar said Sunday at College Football Playoff quarterfinals media day. "For us, we always want to go out there every drive and end with a touchdown, so when we don't do that, there's nobody more frustrated than us." The polarizing Allar is having a solid season by just about any standard, completing more than 68% of his passes for 3,021 yards, 21 touchdowns and seven interceptions while leading the sixth-seeded Nittany Lions to a 12-2 record and a spot in the Fiesta Bowl for Tuesday's game against No. 3 seed Boise State. But in a college football world filled with high-scoring, explosive offenses, Allar's no-frills performances often are the object of ire. The Penn State offense is a run-first bunch, led by the talented combo of Nicholas Singleton and Kaytron Allen. "If we had a nickel for every time there was a Monday morning quarterback saying some BS stuff, we'd all be pretty rich," offensive coordinator Andy Kotelnicki said. "I think part of being a quarterback, especially at Penn State but really anywhere, is how you respond to and manage criticism." The 20-year-old Allar has made strides in that department after a trying 2023 season that finished with a 10-3 record. He says that's largely because once fall camp started back in August, he logged off the social media platform X. Allar said negative online experiences wore on him last year, and his phone number was leaked a few times, which added to the stress. He finally realized that controlling outside narratives was impossible, so the best course of action was to eliminate a needless distraction. "I've been more mentally free, as much as that sounds crazy," Allar said. "I think that's been a huge difference for me this year." The biggest criticism of Allar — and really Penn State as a whole during the 11-year James Franklin era — is that he isn't capable of winning the big games. He's 0-2 against rival Ohio State and threw a late interception against Oregon in the Big Ten title game earlier this month, which sealed the Ducks' 45-37 victory. He wasn't great in the CFP's first round, either, completing just 13 of 22 passes for 127 yards as Penn State muscled past SMU 38-10 on a cold, blustery day to advance to the Fiesta Bowl. But the quarterback is confident a better performance — aided by a game that will be played in comfortable temperatures in a domed stadium — is coming. "For me, I just have to execute those (easy) throws early in the game and get our guys into rhythm," Allar said. "Get them involved early as much as I can and that allows us to stay on the field longer, call more plays and open up our offense more. That will help us a ton, building the momentum throughout the game." Allar might be a favorite punching bag for a section of the Penn State fan base, but that's not the case in his own locker room. Star tight end Tyler Warren praised his quarterback's ability to avoid sacks, saying that the 6-foot-5, 238-pounder brings a toughness that resonates with teammates. "He's a football player," Warren said. "He plays quarterback, but when you watch him play and the energy he brings and the way he runs the ball, he's just a football player and that fires up our offense." Now Allar and Penn State have a chance to silence critics who say that the Nittany Lions don't show up in big games. Not that he's worried about what other people think. "I think it's a skill at the end of the day — blocking out the outside noise," Allar said. "Focusing on you and the process and being honest with yourself, both good and bad." Be the first to know Get local news delivered to your inbox!
HAUPPAUGE, N.Y., Nov. 26, 2024 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW) (the “Company”), a designer, developer, and manufacturer of state-of-the-art signal processing components for satellite, Public and Private 5G, and other communications networks, including the design of complete 5G/6G systems and a global distributor of packages and lids for integrated circuits assembly, today announced it has closed on its previously announced registered direct offering for the sale of 1,603,259 shares of common stock (or pre-funded warrants in lieu thereof) (“the Securities”) at an offering price of $0.92 per share. The gross proceeds to the Company from the registered direct offering were approximately $1,475,000 before deducting the placement agent’s fees and other offering expenses. Maxim Group LLC acted as the sole placement agent in connection with the offering. The Securities were offered pursuant to a shelf registration statement on Form S-3 (File No. 333-278657), which was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on April 24, 2024. The offering was made only by means of a prospectus supplement that forms a part of such registration statement. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of these Securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. A prospectus supplement relating to the Securities offered in the registered direct offering was filed by the Company with the SEC. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying prospectus, can be obtained at the SEC's website at www.sec.gov or from Maxim Group LLC, 300 Park Avenue, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@maximgrp.com or telephone at (212) 895-3500. About AmpliTech Group AmpliTech Group, Inc., comprising five divisions—AmpliTech Inc., Specialty Microwave, Spectrum Semiconductors Materials, AmpliTech Group Microwave Design Center, and AmpliTech Group True G Speed Services is a leading designer, developer, manufacturer, and distributor of cutting-edge radio frequency (RF) microwave components and 5G network solutions. Serving global markets, including satellite communications, telecommunications (5G & IoT), space exploration, defense, and quantum computing, AmpliTech Group is committed to advancing technology and innovation. Forward-Looking Statements All statements in this release that are not based on historical fact are “forward-looking statements” including within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The information in this announcement may contain forward-looking statements and information related to, among other things, statements regarding the Company, its business plan and strategy, and its industry. Such forward statements include, but are not limited to, that the booking of orders and anticipation of booking of orders, including LNB and 5G products and Fujitsu Spain, will lead to sales of products, These statements reflect management’s current views with respect to future events based on information currently available and are subject to risks and uncertainties that could cause the Company’s actual results to differ materially from those contained in the forward-looking statements, including risks related to market conditions, and other risks described in the Company’s filings with the SEC. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The Company does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events. Contacts: Corporate Social Media Twitter: @AmpliTechAMPG Instagram: @AmpliTechAMPG Facebook: AmpliTechInc Linked In: AmpliTech Group Inc Investor Social Media Twitter: @AMPG_IR StockTwits: @AMPG_IR Company Contact: Jorge Flores Tel: 631-521-7831 Investors@amplitechgroup.comSrinagar, Dec 13: Max Super Specialty Hospital, Dwarka, has announced the launch of its multi-specialty OPD services for neurosurgery and orthopaedic care in collaboration with Kashmir Clinics Group in Srinagar. The OPD services were conducted in the presence of Dr (Prof) Sumit Sinha, Principal Director & Unit Head – Neurosurgery and Dr Deepak Raina, Senior Director & Unit Head Orthopaedics & Joint Replacement from Max Super Specialty Hospital, Dwarka. The doctors will be available at Kashmir Clinics Group , situated near Karan Nagar, Srinagar, first Wednesday of every month from 11 am – 1 pm (Dr Prof Sumit Sinha) and first Wednesday of every month from 11 am – 1 pm (Dr Deepak Raina) During the OPD launch, Dr (Prof) Sumit Sinha, Principal Director & Unit Head – Neurosurgery, Max Super Specialty Hospital, Dwarka said, “With the launch of this OPD service, we are bringing top-quality neurosurgical care to Srinagar, a city where access to advanced medical infrastructure and expertise for high-end procedures like microscopic, endoscopic, and robotic surgeries has been limited. Today, minimally invasive techniques such as laparoscopic and robotic surgeries are revolutionising treatment by ensuring better outcomes, quicker recovery, and minimal blood loss. Through this OPD launch, we aim to provide advanced medical support to patients in Srinagar and nearby regions, offering safe and effective solutions even for the most complex and delicate conditions.” Dr Deepak Raina, Senior Director & Unit Head Orthopaedics & Joint Replacement, Max Super Specialty Hospital, Dwarka said, “With this OPD launch, we aim to bring Max Hospital, Dwarka’s renowned orthopedic care closer to the people of Srinagar. Joint-related issues, such as pain, stiffness, limited mobility, sports injuries and post-traumatic arthritis caused by injuries or accidents, can significantly impact quality of life. Leveraging advancements in technology like robotics surgery and arthroscopic surgeries, timely diagnosis and appropriate treatments can effectively relieve pain, support healing, and restore joint function. This OPD launch seeks to improve access to specialised orthopedic care, delivering better health outcomes and enhancing the quality of life for patients in Srinagar and surrounding areas.” “Max Hospital, Dwarka is committed to delivering patient-centric care, leveraging cutting-edge technology, and fostering collaborations to ensure the well-being of individuals across different regions.”
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