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Warner Bros. Discovery’s Dylan Boucherle Shares the Latest on Virtual Production and TNT Sports’ Investment in an LED Volume TNT Sports’ Atlanta headquarters has undergone a massive transformation over the past handful of years. In addition to building control rooms for REMI production, the company is also investing in significant technical innovations, including virtual production, AR-graphics-enhanced live studios, and even its own LED volume. At the SVG NEXT conference, spoke about the latest on his company’s work in taking the live sports viewing experience into the future.This pharma stock could easily gain 20% next year, Jefferies says
The Future of Memecoins: 5 Fresh Opportunities Poised for Explosive 2025 Growth
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HARRISBURG — Votes won’t be cast in the State Capitol until after lawmakers are sworn in next month but the new legislative session is underway and legislators have submitted hundreds of co-sponsorship memos seeking support for initiatives concerning elections, gun rights, economic development and so much more. The 2025-26 Legislative Session officially opened Dec. 1, however, lawmakers aren’t sworn-in until Jan. 7. Floor sessions, committee meetings and voting won’t begin until then. In the interim, lawmakers are circulating co-sponsorship memos to rally support for bill proposals. Hundreds have been submitted in the House and Senate, some new and some reintroducing bills that didn’t pass into law in past sessions. Some memos will come and go without the underlying bill being introduced, for lack of support or another reason. The memos address high-profile issues like amendments to the Election Code to enact universal voter ID, legalize recreational marijuana, repeal mail-in voting, expand voter registration periods and institute pre-canvassing allowing county election staff more time to handle votes cast by mail ahead of Election Day. There are memos proposing ways to increase the stock of affordable housing, protect abortion access, enact gun safety laws or restrict any changes considered infringements on Second Amendment rights, eliminate school property taxes, institute term limits for state lawmakers and end Daylight Savings Time. Other memos propose social media protections for kids, institute workforce initiatives to expand the labor force for nursing, long-term care and mental health, regulate short-term rentals, enact local taxes to fund emergency services and legalize syringe services as a measure to address the ongoing opioid epidemic. Democrats control the House and Republicans are in charge of the Senate. Leadership of the chambers’ respective majority dictate which bills are considered in committee and on the chamber floor. The General Assembly again is under partisan divide, making it difficult for those in the majority and the minority to see their bills advance. Last session, a combined 239 bills were enacted into law, the lowest total since 2009-10, which was the last time the Legislature was divided. Emergency services are struggling to recruit and retain manpower, especially volunteers, and obtain funding to keep operations in order. Rep. Abby Major, R-Armstrong/Westmoreland, proposes that Third Class Cities be authorized to levy a specific tax, up to 0.5 mills assessed on properties, to supplement funding for emergency medical services. State law allows certain boroughs and townships to levy such a tax but not Third Class Cities. There are 53 such cities spread across Pennsylvania including Harrisburg, Johnstown, Meadville, Titusville, New Castle, Farrell, Hermitage, Sharon, Shamokin, Sunbury, Franklin and Oil City. Hiring teachers and support staff as well as addressing academics that statewide assessments show fall short of pre-pandemic performance has been a legislative focus in the General Assembly. Legislators have pressed that the physical condition of school buildings and infrastructure, too, needs to be addressed. A group of Democrats in the House propose the creation of a School Facilities Office within the Pennsylvania Department of Education to aid school officials in assessing facility conditions and leveraging funding from all levels of government to improve physical environments of school buildings. A separately planned proposal from Democratic Reps. Ronni Green and Tarik Khan of Philadelphia would reintroduce a bill from last session seeking to establish a grant program — up to $10 million annually across three years — to replace drinking fountains in schools with lead-filtering water stations by 2026. The effort last session was bipartisan with a Republican proposal introduced in the Senate, too. Neither bill received attention at the committee level. Clean water advocates have criticized Pennsylvania’s laws around school drinking water as being too lax. Rep. Dallas Kephart, R-Cambria/Clearfield, announced his intent to bring forward a bill proposing the elimination of Pennsylvania’s inheritance tax. Direct descendants and lineal heirs pay 4.5% in “death taxes” on inheritance. Depending on the relationship, the tax can reach as high as 15%. More than $751 million in inheritance taxes have been collected so far in fiscal 2024, according to data from the Pennsylvania Treasury. In a related memo, Rep. Stephenie Scialabba, R-Butler, circulated a memo calling for Tuition Account Programs (529 plans) to be exempted from the inheritance tax. A bipartisan group of lawmakers intend to again support legislation proposed by Rep. Arvind Venkat, D-Allegheny, an emergency physician, to create a Medical Debt Relief Program. The program would allow the commonwealth to directly purchase bad hospital debt for “pennies on the dollar” — $4 million to buy $400 million in debt headed to collections. The debt would then be forgiven for thousands of Pennsylvanians for a fraction of a percentage of the commonwealth’s overall budget. Democrats and Republicans supported the proposal last session including Rep. Jim Rigby, R-Cambria/Somerset, and Rep. Kathy Rapp, R-Crawford/Warren/Forest, but it didn’t make it into law. Pennsylvania’s existing Contractor Registration Law would be amended under an initiative by Rep. Brad Roae, R-Crawford/Erie. The law prevents contractors convicted of defrauding customers — for example, accepting a down payment for work and never doing the job — to operate a contracting business in the commonwealth. Roae seeks to close a loophole where a spouse could open a contracting business and hire their spouse who’s barred from doing the same, effectively picking up where they had left off. Rep. Michael Stender, R-Northumberland/Montour, announced plans to reintroduce a bill proposing to allow motorists to check a box and donate to local fire departments as they may already do for veterans, organ donation and breast cancer research. According to his co-sponsorship memo, the Pennsylvania Fire Commissioner would be responsible to disburse the collections on a quarterly basis. Ten female senators announced their intent to renew a push to keep trans women out of women’s high school and college sports. They’re planning to reintroduce the Save Women’s Sports Act that was put forward in the 2021-22 session. Sen. Lynda Schlegel Culver, R-Northumberland/Snyder/Montour/Columbia/Luzerne, joined Brooks and others on the new co-sponsorship memo. The original bill cleared both the House and Senate before being vetoed by former Gov. Tom Wolf, a Democrat. At the time, both chambers were controlled by Republican majorities. This session, however, Democrats control the House, and another Democrat, Josh Shapiro, holds the governor’s office, making it likely a more difficult environment to adopt such a proposal. A push last session to expand Sunday hunting in Pennsylvania fell short. Sen. Dan Laughlin, R-Erie, announced he’ll reintroduce a proposal to allow the state Game Commission to add Sundays to Pennsylvania’s hunting calendar as it sees fit. Sen. Elder Vogel, R-Beaver/Butler/Lawrence, co-sponsored a bill proposing a property tax exemption for disabled military veterans. Sen. Wayne Langerholc, R-Cambria/Clearfield/Centre, intends to introduce a measure that would raise the statutory cap for monetary awards paid by local and state government in civil lawsuits. Without action, Langerholc says existing state law risks being declared unconstitutional. Sen. Gene Yaw, R-Lycoming/Union/Bradford/Sullivan/Tioga, will again pursue energy initiatives including establishing a Independent Energy Office for the commonwealth and enhance penalties for vandalism of the electric grid.Britain's Secretary of State for Foreign Affairs David Lammy has hailed the bold economic reforms of Dr Manmohan Singh as a legacy which continues to shape modern India. In a social media tribute to the former prime minister who was cremated in New Delhi on Saturday, David Lammy also credited Singh for laying the foundations of the "thriving" bilateral partnership between India and the UK. "Dr Manmohan Singh's bold economic reforms transformed India's economy," Mr Lammy said in a post on X on Friday evening. "His legacy continues to shape modern India, and his vision laid the foundations for today's thriving UK-India partnership. My deepest condolences to his family and the Indian people," he said. Manmohan Singh, who was prime minister between 2004 and 2014 and finance minister before that, has been widely hailed the world over as the architect of India's economic liberalisation. He died aged 92 and was laid to rest with full state honours in a ceremony attended by leading political dignitaries and included a 21-gun salute. Following his death on Thursday night, the government declared seven days of national mourning. Earlier, British High Commissioner to India Lindy Cameron took to social media to pay tribute to "a great Prime Minister, Finance Minister and global statesman who advanced India's interests through bold economic reforms and played a key role in putting India in its rightful place on the world stage and stabilising the global economy after the financial crisis". "The UK will always be proud of his invaluable partnership with three UK Prime Ministers, and proud of him as an alumnus of two of our great universities. My thoughts and wishes are with his family and the people of India," she said. Dr Singh's tenure overlapped with Labour prime ministers Tony Blair and Gordon Brown and Conservative David Cameron, who later wrote in his memoir that he "got on well" with this "saintly man" who was robust on the threats India faced. "On a later visit he told me that another terrorist attack like that in Mumbai in July 2011, and India would have to take military action against Pakistan," notes the former UK PM in 'For the Record', published in 2019. The Guardian' newspaper referenced Dr Singh's "trademark sky-blue turbans and home-spun white kurta pyjamas" in its obituary. "Singh, called India's 'reluctant prime minister' due to his shyness and preference for being behind the scenes, was considered an unlikely choice to lead the world's biggest democracy. But when Congress leader Sonia Gandhi led her party to a surprise victory in 2004, she turned to Singh to be prime minister," the newspaper notes. The BBC, in its obituary, hailed Dr Singh as one of India's longest-serving prime ministers who was considered the "architect of key liberalising economic reforms, as premier from 2004-2014 and before that as finance minister". "In his maiden speech as finance minister he famously quoted Victor Hugo, saying that 'no power on Earth can stop an idea whose time has come'. That served as a launchpad for an ambitious and unprecedented economic reform programme: he cut taxes, devalued the rupee, privatised state-run companies and encouraged foreign investment," reads the report. (This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.) Track Latest News Live on NDTV.com and get news updates from India and around the worldThe Northwest will soon not have enough electricity to meet an explosion in demand from the tech industry as companies inject power-hungry artificial intelligence into every facet of life. That was the sobering message a panel of tech and electricity industry experts delivered to the Northwest Power and Conservation Council earlier this month . Panelists also said the council’s current data center demand forecasts significantly undershoot what’s coming, increases in technology’s efficiency will only drive further demand and people will die in blackouts if capacity isn’t expanded. The council is responsible for creating 20-year power plans to guarantee that Washington, Oregon, Idaho and Montana have enough electricity. That task has grown increasingly challenging as technology giants’ newest creations use increasingly more power, threatening the region’s ability to meet its fast-approaching climate law standards . The power council convened the panel after hearing dramatic data center demand projections, Chairman Jeffery Allen said as he kicked off the three-hour conversation. “(Accurately forecasting demand) is certainly something we’ve got to get right as we start working on the next power plan,” Allen said. “As an organization that sprung up from the hubris of a massive over-forecast in the past, it’s very obvious (data center demand) will be a key part of our next power plan,” he added, referring to high 1960s demand forecasts that never materialized, leading to a $2 billion loss that still haunts regional power managers. The goal of the event, Vice Chairman KC Golden said, was to understand the coming demand, because most conversations about the issue have been held behind closed doors and limited to tech companies and utility providers. Demand exceeds supply “There is no question in my mind that the demand for computation and AI and the demand to plug in (graphics processing units) exceeds the available power that we have by 2030,” expert Brian Janous said. After working as Microsoft’s vice president of energy, Janous started Cloverleaf Infrastructure, a company that finds locations for data center developments and works with utilities to upgrade power infrastructure. Janous said the tech industry will use every bit of power it can. Contrary to the tech industry’s public-facing talking points , Janous also cautioned that even the largest advances in technological efficiency would not lower demand for power because increased efficiency simply drives more use. “We have an almost unlimited capacity at this point for consuming data,” he said. “We’re continuing to rapidly climb that curve of data consumption — and every advancement in terms of efficiency just moves us up that curve faster.” Both other panelists — Sarah Smith of the Department of Energy’s Lawrence Berkeley National Laboratory and Robert Cromwell, the former vice president of Power Supply at Umatilla Electric Cooperative — and council member Mike Milburn singled out Janous’ point as particularly important. Smith said her team authored a late-2016 report to Congress that found data centers’ demand for power had tapered off in the 2010s after growing through the 2000s. That decline, she said, is now over. And that increasing demand — compounded by growth in other industries, the electrification of things like cars and broader regional population gains — has created a giant stress test for the region’s grid, said Cromwell, who now works as a consultant. During periods of extreme cold, like what the Pacific Northwest experienced last January , the region’s grid is strained to its limits, he said. “It’s almost a miracle that we didn’t have (rolling blackouts) around the region,” Cromwell said of that deep freeze. “The entire energy ecosystem needs to respond to that.” He said that will require increasing the number of skilled trade workers needed to build new infrastructure, adjusting planning and modeling approaches, and streamlining permitting processes for new projects. “There’s a lot of big industrial (power demand) loads out there looking for energy and looking for a place they can land and a utility that’s able to meet their needs,” Cromwell said. “They’re all going to land somewhere, and the region needs to be ready for that.” As a result, the Northwest needs to build transmission infrastructure more quickly than at any time in the past 70 years, he said. “Everything needs to start happening on a much faster cadence than anyone is going to be comfortable with,” Cromwell said. Part of that is because power demand from data centers is both high and inflexible. That means once they’re built, they need nearly 100 percent of the power they can handle — and, unlike a lot of other consumers, they need it nearly all the time, as opposed to only during the day. Cromwell said the Northwest needs to get ahead of demand to avoid the direct consequences of outages, as well as rushed policy Band-Aid-style fixes. “Start having elected officials attend funerals because we let the lights go out,” he said. “Nothing will change public policy faster than elected officials going to constituents’ funerals — and it won’t be for the better, because it’ll be reactionary and less than fully thought out.” What the numbers show Global data center electricity demand is projected to grow by more than 21⁄2 times by 2030, driven in part by each ChatGPT query consuming nearly 10 times as much power as a basic Google search would have. That growth has hit the region especially hard, leaving local power providers like Clark Public Utilities struggling to plan. But the seeds of the region’s demand were planted decades ago when early tech giants like Microsoft, Yahoo and Google raced to break ground east of the Cascades, motivated by their own needs and sweetheart deals made with local public utility districts. By 2008, the aptly named Data Center Map showed Washington had 14 facilities . Today, that number is 93 . Other firms report more still, with data center researcher Baxtel locating 112 . And power demand from that growth has consistently outpaced the council’s projections. The council’s 2010 power plan forecast that regional data center consumption — then an average of 300 megawatts a year — would increase by 3 percent a year in the lead-up to 2030. But by the time the council released its 2021 power plan , data center consumption had already exceeded the projected number, landing instead at an average of 657 annual megawatts — about enough power for 424,000 Northwest homes. That pattern is set to repeat, Cromwell cautioned. “Your medium case is not high enough, and your high case is probably pretty close to spot on,” he said in reference to load forecasts the council released earlier this year. About the project: The Murrow News Fellowship is a state-funded journalism project managed by Washington State University. Local partners are The Columbian and The Daily News. For more information, visit news-fellowship.murrow.wsu.edu.
FOOTBALL: Rogers County to host semifinal action over 2 weekendsOTTAWA, Ontario (AP) — Notre Dame forward Danny Nelson scored twice, Western Michigan’s Hampton Slukynsky made 25 saves and the defending champion United States beat Latvia 5-1 on Saturday in the world junior hockey championship. The United States improved to 2-0 in Group A play, while Latvia dropped to 1-1 a day after stunning Canada with a 3-2 victory in a shootout. Boston College’s Ryan Leonard, Denver’s Zeev Buium and Minnesota Duluth’s Max Plante also scored for the Americans. They will be back in action Sunday at Canadian Tire Centre against Finland, then close group play Tuesday night against Canada. Davids Livsics scored for Latvia. Linards Feldbergs stopped 36 shots after making 55 saves against Canada and stopping all eight attempts in the shootout. In the only other game of the day, Czechia beat Kazakhstan 14-2 at TD Place. Czechia and Sweden are both 2-0 in Group B. Matej Mastalirsky, Vojtech Hradec and Jakub Stancl had hat tricks, with Hradec and Stancl also each assisting on two goals. AP sports: https://apnews.com/sports
On Putin’s agenda as he visits New Delhi: Advancing ‘multipolarity’ with key role for IndiaPrincipal Financial Group Inc. boosted its position in American Airlines Group Inc. ( NASDAQ:AAL – Free Report ) by 107.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,519,904 shares of the airline’s stock after buying an additional 787,671 shares during the quarter. Principal Financial Group Inc. owned approximately 0.23% of American Airlines Group worth $17,084,000 as of its most recent filing with the SEC. Other institutional investors have also recently bought and sold shares of the company. Primecap Management Co. CA grew its holdings in shares of American Airlines Group by 34.4% in the 2nd quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock valued at $644,466,000 after acquiring an additional 14,549,310 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of American Airlines Group by 75.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock valued at $48,047,000 after buying an additional 1,823,928 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of American Airlines Group in the third quarter valued at $16,490,000. Toronto Dominion Bank raised its position in American Airlines Group by 379.6% during the third quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock worth $18,743,000 after acquiring an additional 1,319,859 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in American Airlines Group by 10,997.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,167,056 shares of the airline’s stock worth $13,118,000 after purchasing an additional 1,156,540 shares during the period. Institutional investors own 52.44% of the company’s stock. Analysts Set New Price Targets A number of research firms have recently issued reports on AAL. The Goldman Sachs Group restated a “neutral” rating and set a $15.00 target price on shares of American Airlines Group in a research note on Friday, November 15th. Seaport Res Ptn upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Barclays upped their target price on American Airlines Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Scotiabank raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a report on Thursday, December 5th. Finally, Morgan Stanley raised their price objective on American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $15.99. American Airlines Group Stock Performance Shares of AAL stock opened at $17.35 on Friday. The stock has a 50-day moving average of $14.94 and a 200-day moving average of $12.28. American Airlines Group Inc. has a 1-year low of $9.07 and a 1-year high of $18.20. The stock has a market cap of $11.40 billion, a price-to-earnings ratio of 52.58, a PEG ratio of 0.29 and a beta of 1.41. American Airlines Group ( NASDAQ:AAL – Get Free Report ) last released its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.14. The business had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. American Airlines Group’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 earnings per share. Sell-side analysts forecast that American Airlines Group Inc. will post 1.62 earnings per share for the current year. American Airlines Group Profile ( Free Report ) American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC, as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo. Further Reading Want to see what other hedge funds are holding AAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Airlines Group Inc. ( NASDAQ:AAL – Free Report ). Receive News & Ratings for American Airlines Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group and related companies with MarketBeat.com's FREE daily email newsletter .
Christopher Nolan set to adapt Homer’s The Odyssey for his next film
Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. Major averages jumped on Friday but still logged weekly losses, with the Dow down 2.3%, the S&P 500 falling 2%, and the Nasdaq losing 1.8%. The Federal Reserve’s widely anticipated 25-basis-point rate cut on Wednesday was overshadowed by its revised 2025 inflation forecasts and Jerome Powell ‘s cautious stance, dampening hopes for deeper cuts next year. Powell emphasized a "new phase" of monetary policy after a 100-basis-point reduction in 2024, signaling only gradual easing in 2025 . Bitcoin BTC/USD , which had reached a record $108,388 before the Fed meeting, fell below $100,000 as markets absorbed the news. Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week’s most bullish and bearish posts that are worth another look. The Bulls “ Elon Musk Hopes TSLA Stock Will Reach $690 As Analysts Raise Price Target Despite Technical Indicators Flashing Warning Signals ,” by Anan Ashraf , reports Elon Musk's optimism about Tesla Inc. TSLA reaching $690, as analysts upgraded the stock with $515 price targets, citing potential benefits from Musk's alignment with Donald Trump's pro-autonomous vehicle policies. “ Dave Portnoy Says He Owns $1.5 Million Bitcoin, $1.3 Million XRP: ‘Bet It And Set It, Not Trading’ ,” by Chris Katje , reveals that Dave Portnoy , founder of Barstool Sports , holds $1.5 million in Bitcoin and $1.3 million in XRP XRP/USD , emphasizing a long-term investment strategy rather than active trading, following insights from a recent conversation with Michael Saylor . “ Nvidia And 5 Other Stocks Are Analyst’s Top Semiconductor Picks For 2025, Sees 2 AI Trends ,” by Hayden Buckfire , highlights a Bank of America analyst naming NVIDIA Corp. NVDA , Broadcom Inc. AVGO , and Marvell Technology Inc. MRVL as top AI-driven semiconductor picks for 2025, alongside Lam Research Corp. LRCX , ON Semiconductor Corp. ON , and Cadence Design Systems Inc. CDNS . For additional bullish calls of the past week, check out the following: Microsoft Scoops Up 485,000 Nvidia AI Chips, Twice As Many As Its Closest Rival Meta: Report Amazon Has 20,000 Rivian Electric Delivery Vans In Fleet: Here’s What Could Be Next For Both Companies Joby Clears FAA Tail Test, Stock Flies Higher The Bears “ Jim Cramer Warns Nvidia’s ‘Vicious’ And ‘Fast’ Reversal Is Coming Amid 174% Surge This Year And China Antitrust Probe ,” by Kaustubh Bagalkote , features Jim Cramer 's caution about NVIDIA Corp. NVDA facing a sharp correction after its 174% YTD gain, amid heightened regulatory scrutiny from China over its Mellanox Technologies acquisition. “ Dogecoin Bull Says He ‘Had To Sell’ As Meme King Plunges To 5-Week Low But Derivative Traders Remain Bullish ,” by Aniket Verma , reports on Dogecoin DOGE/USD dropping amid Federal Reserve concerns, with early adopter Glauber Contessoto selling some holdings. “ CVS, Cigna, UnitedHealth Shares Slide As Trump Targets Drug ‘Middleman’ ,” by Adam Eckert , reports that shares of CVS Health Corp. CVS , Cigna Group CI , and UnitedHealth Group Inc. UNH dropped after Trump vowed to eliminate Pharmacy Benefit Managers, citing their role in inflating drug prices and contributing to industry inefficiencies. For more bearish takes, be sure to see these posts: Trump Administration Could Ban Amazon’s Top-Selling Routers Linked To Chinese Cyberattacks: Report Bitcoin Crash Could Trigger Stock Market Decline In 2025, Warns Expert: ‘I’m Very Worried That People Overextended Themselves’ Costco Warns That Tariffs Raise Prices, Trump Team Says Trade Policies Will ‘Make Life Affordable’ Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter . This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Their substitute notice, as published on Effingham Radio : Springfield, IL-( Effingham Radio )- Pursuant to the requirements of the Illinois Personal Information Protection Act (PIPA), 815 ILCS 530/12, the Illinois Department of Human Services (IDHS) is notifying the media of an incident within IDHS State of Illinois email accounts: On April 25, 2024, IDHS experienced a privacy breach. An outside entity, through a phishing campaign, gained access to multiple employee accounts, and files associated with the accounts. The files included the Social Security numbers (SSNs) of 4,701 customers and three employees. Separately, public assistance account information (name, public assistance account number, and some combination of address, date of birth, Illinois State Board of Education Student Information System ID number, Recipient Identification Number, and cell phone number) was accessed for 1,118,993 customers. That information did not include SSNs. On May 3, 2024, IDHS, in partnership with the Illinois Department of Innovation and Technology (DoIT), determined the incident was a reportable breach of security under PIPA. Upon learning of the phishing incident, IDHS worked in partnership with DoIT to investigate the extent of the breach and to determine which individuals were included. This was an in-depth forensic analysis, followed by a manual review of all compromised files to determine the nature of the breach. IDHS continues to train its employees on how to avoid and report phishing attempts. Per PIPA, IDHS is required to notify individuals affected. PIPA allows for substitute notice, rather than actual notice, when notification costs exceed $250,000, the incident affects 500,000 individuals or the State Agency does not have sufficient contact information. Substitute notice requires notice sent via email (if the Department has email addresses on file), notification to major Statewide media, and posting on the Department’s public website. In response to this incident and due to the sensitivity of the information involved, IDHS decided to complete written notice for individuals whose SSNs were involved and whose current address is on file with the Department. The written notices contained details about available resources for credit monitoring. IDHS completed substitute notices for individuals whose SSNs were accessed but whose current address is not on file with the Department. IDHS also completed substitute notices for the 1,118,993 individuals whose public assistance account information was accessed, as the information is significantly less sensitive. On October 31, 2024, IDHS sent written notice to 2,918 customers whose SSNs were accessed. The remaining 1,783 individuals will be considered noticed via the media release and website posting because IDHS does not have their current address on file. On November 21, 2024, IDHS sent email notices to the three employees whose SSNs were accessed.