Alignment Healthcare's COO Sebastian Burzacchi sells $96,273 in stock
Rock Island denies permit for Del's to expand junk yard operationOklahoma residents on Sunday mourned the death of former Democratic U.S. Sen. Fred Harris , a trailblazer in progressive politics in the state who ran an unsuccessful presidential bid in 1976. Harris died on Saturday at 94. Democratic Party members across Oklahoma remembered Harris for his commitment to economic and social justice during the 1960s — a period of historical turbulence. Harris chaired the Democratic National Committee from 1969 to 1970 and helped unify the party after its tumultuous national convention in 1968 when protesters and police clashed in Chicago. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get our free email newsletters — latest headlines and e-edition notifications.
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Germany’s struggling economy needs urgent action to boost its competitiveness, Deutsche Bank’s DBKGd.DE CEO said on Wednesday as he called for structural reforms, less regulation and lower taxes on companies. “Germany needs to adjust its business model,” Christian Sewing told the FT Global Banking Summit in London. “It is urgent we take action,” he said, flagging the likelihood of further job losses in Germany’s auto industry and adding that February’s snap election could provide the opportunity for a reset. The German economy has been dogged by intensifying competition from abroad, weak demand and an industrial slowdown. To boot, a budget row brought down the country’s three-way coalition last month, leaving Europe’s largest economy in political limbo until a snap election on Feb. 23. The OECD on Wednesday cut its forecast for German economic growth next year. Sewing, who has headed Deutsche Bank since 2018, said via video that the company would invest 2 billion euros ($2.1 billion) annually to increase automation as it tries to keep a lid on costs and improve its technology. Deutsche’s 2010 acquisition of Postbank resulted in glitches that locked customers out of their accounts, and a long-running tech integration only concluded last year. The Frankfurt-based lender has seen its shares gain 35% in 2024, outperforming a European banking index .SX7P, after a run of quarterly profits and a rebound in its investment banking business. But its stock remains below levels hit after the global financial crisis in 2008-2009, and the lender has forecast higher bad loan provisions as the domestic economy weakens. Deutsche’s rival Commerzbank CBKG.DE has been at the centre of speculation about a return of European banking consolidation after Italy’s UniCredit CRDI.MI snapped up a stake, triggering widespread opposition in Germany to any hostile takeover. Sewing said his lender was “staying out” of the Commerzbank-UniCredit situation and was focused solely on itself, given Deutsche had “only actually seen 60% to 65% of our potential”. Banking consolidation in Europe was “a logical trend”, he said, but the lack of a banking union remained a hindrance to dealmaking. “I do believe before the real wave starts we need further foundations met,” he said, adding it remained “very hard” for Deutsche Bank to shift liquidity from one country to another in Europe despite being in 14-15 markets. Bankers have repeatedly called for euro zone-wide capital and deposit rules to replace national requirements. Source: Reuters (Reporting by Tommy Reggiori Wilkes, Editing by Sinead Cruise and Christina Fincher)
CEO killer suspect: golden boy who soured on US health systemGenerally speaking, if you are looking for a basic statistic that groups the good NBA teams and the bad teams together, it’s assist-to-turnover ratio. ADVERTISEMENT You certainly want as many assists as possible — that’s a sign of good offense. And you would like to limit giveaways that decrease your number of looks at the bucket while often feeding your opponent Grade A opportunities. The ratio balances out the equation for teams that may turn the ball over more than others simply because it moves the ball at such a high rate. The bad teams are the ones that turn the ball over often without the added benefit of creating easy shots when they do take care of the ball. That, currently, is the group that includes the Timberwolves. ADVERTISEMENT The Wolves have just 1.52 assists for every turnover, the sixth-worst mark in the NBA entering Saturday’s games. Of the nine NBA teams below 1.6, only the Wolves (8-7) and Clippers (10-7) have winning records, and the Clippers have been dominant defensively. Also in the bottom nine are the two-win Wizards, the three-win 76ers and Jazz and the four-win Pelicans. Since the 2020-21 season, nine teams have finished the season with an assist-to-turnover number below 1.6. Only one of those teams won more than 27 games — the 2022-23 Magic, who went 34-48. While the Wolves are still above .500 going into their game against the defending champion Celtics on Sunday in Boston, that’s with what has been the NBA’s fourth-easiest schedule to date, per ESPN. Timberwolves coach Chris Finch has cited the turnover issues in recent weeks when discussing his team’s struggles, though he’s noted the giveaway totals have dipped in recent games, Thursday’s loss to Toronto not withstanding. But Minnesota hasn’t committed fewer than 11 turnovers in a single game this season. Meanwhile, the Wolves have tallied fewer than 25 assists in more than half of their games. ADVERTISEMENT It all speaks to a disjointed offense. Finch has at times attributed that to missed shots that were good looks. But the Wolves are tied with Charlotte for the fifth-fewest potential assists this season, at 43.7 per game. The stats say Minnesota’s shot making is what has saved the Wolves’ offense this season. The Wolves have the NBA’s 10th-best offensive rating, averaging 1.14 points per possession. That’s with having the League’s fourth-best effective field goal percentage (56.3). The three teams above it in that category all average 1.2-plus points per possession. Those same squads also average more than 2.1 assists per turnover. It all fits the eye test for the Timberwolves. They have an offense that’s run on shot making off isolation basketball. So much of it is without the rhythm and movement Finch aspires for his teams to achieve. And, given that this Wolves unit doesn’t seem to be nearly as dominant defensively as it was one short season ago, until Minnesota can look more like a fluid offense, it will continue to look like a .500 team, or if not worse. ADVERTISEMENT ______________________________________________________ This story was written by one of our partner news agencies. Forum Communications Company uses content from agencies such as Reuters, Kaiser Health News, Tribune News Service and others to provide a wider range of news to our readers. Learn more about the news services FCC uses here .
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To prepare for the upcoming legislative session, four Indiana legislators on Wednesday night participated in a roundtable discussion, covering topics including union issues and new diploma requirements. State Rep. Ragen Hatcher, D-Gary, hosted the roundtable at Indiana University Northwest. Reps. Earl Harris, D-East Chicago, and Carolyn Jackson, D-Hammond, and Sen. Rodney Pol, D-Chesterton, also participated in the discussion. Hatcher is hosting another discussion at IUN on Monday night, which will include local elected officials. “I really appreciate collaborating,” Hatcher said Wednesday night. “I think this is important for us to succeed.” State Rep. Ragen Hatcher, D-Gary, answers a question during a debate between State Rep. Ragen Hatcher, D-Gary, and Heather McCarthy, a Gary-based attorney. The debate took place at the Gary Public Library and Cultural Center. It was sponsored by Lakeshore Public Media, the Calumet Area League of Women Voters and Rise NWI on Thursday, April 11, 2024. (John Smierciak/for the Post Tribune) GlenEva Dunham, president of the Gary Teachers Union and Indiana Federation of Teachers, said it’s important for teachers unions to work with state legislators. “We are here to support you guys,” Dunham told the legislators Wednesday night. “There are things we want to do, and we want to work with all of you.” Dunham expressed concerns with Indiana’s new high school graduation requirements, which will go into effect with the class of 2029. The new requirements place a greater importance on career pathways as a route to graduation. She also believes that parents don’t fully understand how the requirements might impact both their kids and them. Kyle Telechan/Post-Tribune State Sen. Rodney Pol, D-Chesterton, holds up a poster of the 2023 Indiana General Assembly as he speaks to Chesterton High School students on Friday, December 8, 2023. (Kyle Telechan for the Post-Tribune) Pol is worried about how new requirements impact low-income students and schools with lower budgets, he said Wednesday. For students with transportation issues, they might have trouble meeting the work-based learning requirements for honors diplomas. “My concern is you’re going to see a bigger split between the haves and have nots,” Pol said. “These kids don’t have transportation. They’re going to be in a situation where they struggle more, especially in rural areas.” The new diploma requirements are putting stress on school officials because they have to learn how to adjust, Harris said. School officials across the state say the deadline doesn’t provide enough time to retool offerings, according to Post-Tribune archives. State Rep. Earl Harris, D-East Chicago, speaks in support of shutting down Summit scrapyard during an Indiana Department of Environmental Management hearing in Gary on Wednesday, May 15, 2024. (Michael Gard/for the Post-Tribune) “They have the deadline for the final version as Dec. 31, so you’re halfway through the school year,” Harris said Wednesday. “The school districts have to make adjustments and get students ready for the next school year, but they have less than a year to do that.” The state representative is concerned that the new graduation requirements will affect the 21st Century Scholars Program, he told the Post-Tribune in November. Harris authored House Bill 1449, or the 21st Century Scholars bill, which passed in April 2023 with bipartisan support. The bill, now law, automatically enrolls eligible students in the program and notifies families of the academic requirements. Andy Lavalley / Post-Tribune State Rep. Carolyn Jackson, D-Hammond speaks during the 2023 NWI School Superintendent Forum at Indiana University Northwest in Gary, Indiana Friday Feb. 24, 2023. (Andy Lavalley for the Post-Tribune) Hatcher asked Dunham what else she would like to see legislators do in 2025. “Actually, try to keep it slim,” Dunham told Hatcher. “I know it’s going to be tough, so we need to focus on things like budgets, the teacher shortage and diploma requirements.” Union representatives are worried about how new leadership, especially with the Trump administration, might impact their workers. Michael Gard / Post-Tribune GlenEva Dunham of Gary, president of the Indiana chapter of the American Federation of Teachers, speaks at the annual AFT Indiana Day of Action at the statehouse in Indianapolis on Tuesday, Feb. 8, 2022. (Michael Gard / Post-Tribune) Travis Williams, representative for Central Midwest Carpenters and Carpenter Local 1005 treasurer, said he’s worried about anti-Project Labor Agreements bills. PLAs are pre-hire bargaining agreements between construction unions and contractors to establish terms and conditions for projects, according to the U.S. Department of Labor’s website . PLAs ensure timely completion of projects, provide employers with highly skilled workers, increase diversity and support equitable workforce development and improve worker health and safety, according to the DOL. “If the statehouse passes these anti-PLA bills, that’s going to take away a lot of rights, and really, a lot of jobs from local contractors,” Williams said. In 2023, Williams was worried about Indiana House Bill 1024, which died in committee. The bill would have allowed contractors with 10 or more employees to provide access to a training program for applicable tasks, and it would have allowed public agencies to refuse to adhere to agreements with labor unions. Williams doesn’t want a similar bill to be on the table in 2025. Having more union workers in the statehouse or interested in politics will help solve those issues, Pol said. U.S. Steel’s Gary Works in Gary, Indiana on Oct. 5, 2023. (E. Jason Wambsgans/Chicago Tribune) Markael Watkins, a 28-year steelworker, participated in Wednesday night’s roundtable discussion. Watkins, who works for U.S. Steel, is worried that the majority of the company’s workers at the Gary Works facility aren’t from the city. “We’re trying to fight for issues that impact us,” Watkins said, “but they don’t understand what we’re talking about.” U.S. Steel has caused higher cancer, asthma and lung disease rates in Gary, Hatcher said. “At the very least, they could give back by making sure that 20% of the employees are from Gary,” Hatcher said. “But I don’t know who could mandate that.” In an emailed statement, U.S. Steel said more than 4,000 Gary Works employees call the communities around the facility home. “These are the same employees who volunteer their time to mentor local schoolchildren and serve in organizations that strengthen the Gary community,” said the company’s statement. “U. S. Steel actively participates in career fairs through WorkOne, Indiana University Northwest, and several Gary area high schools to find local candidates. We are constantly looking to hire talented individuals, and we welcome applications from Gary residents who wish to build a rewarding career.” mwilkins@chicagotribune.comWeChat has announced passkey support for its iOS app, bringing passwordless access to its users – but, for now, only those outside of China. A from Apple Magazine says the feature will allow international users to sign in using Face ID, Touch ID, or their device passcode. WeChat’s parent company is “aligning the app with a broader industry shift toward passwordless authentication.” In the global market for passkey technology, China represents a massive wedge of the pie, accounting for almost half of the world’s e-commerce transactions. Chinese banks embraced passkeys early, adopting FIDO technology in 2016, and FIDO’s 2024 Online Authentication Barometer shows up 80 percent year-over-year. The success is the fruit of sustained efforts by FIDO to find a home for passkeys in the world’s second-most populated country. Last December, the China Working Group hosted a salon to discuss passkey applications and implementation. The organization dedicated to passwordless living has made headway with across several government applications in China. FIDO standards are used for online tax declarations, digital signature authentication and mobile government services. Yet, according to a report in Frontier Enterprise looking at across the APAC region, the wider adoption of FIDO in China still faces a few hurdles. Awareness and acceptance among individual users is one. Implementation comes with costs and training, and the technical complexity of passwordless tech can make deployment, maintenance, and troubleshooting a challenge. While banks have embraced , sectors less acutely aware of security threats “may need more time to evaluate and adopt this technology.” One roadblock that could be solved as work on passkeys continues is technology standardization and compatibility. “Passwordless authentication necessitates a unified standard for cross-platform and cross-service compatibility,” says the report. “There are still some differences in the implementation of different , needing further standardization and coordination.” | | | | | |
THOUSAND OAKS, Calif. , Dec. 10, 2024 /PRNewswire/ -- Amgen (NASDAQ: AMGN ) today announced that its Board of Directors declared a $2.38 per share dividend for the first quarter of 2025. The dividend will be paid on March 7, 2025 , to all stockholders of record as of the close of business on February 14, 2025 . About Amgen Amgen discovers, develops, manufactures and delivers innovative medicines to help millions of patients in their fight against some of the world's toughest diseases. More than 40 years ago, Amgen helped to establish the biotechnology industry and remains on the cutting-edge of innovation, using technology and human genetic data to push beyond what's known today. Amgen is advancing a broad and deep pipeline that builds on its existing portfolio of medicines to treat cancer, heart disease, osteoporosis, inflammatory diseases and rare diseases. In 2024, Amgen was named one of the "World's Most Innovative Companies" by Fast Company and one of "America's Best Large Employers" by Forbes, among other external recognitions . Amgen is one of the 30 companies that comprise the Dow Jones Industrial Average ® , and it is also part of the Nasdaq-100 Index ® , which includes the largest and most innovative non-financial companies listed on the Nasdaq Stock Market based on market capitalization. For more information, visit Amgen.com and follow Amgen on X , LinkedIn , Instagram , TikTok , YouTube and Threads . Forward-Looking Statements This news release contains forward-looking statements that are based on the current expectations and beliefs of Amgen. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including any statements on the outcome, benefits and synergies of collaborations, or potential collaborations, with any other company (including BeiGene, Ltd. or Kyowa Kirin Co., Ltd.), the performance of Otezla® (apremilast) (including anticipated Otezla sales growth and the timing of non-GAAP EPS accretion), our acquisitions of Teneobio, Inc., ChemoCentryx, Inc., or Horizon Therapeutics plc (including the prospective performance and outlook of Horizon's business, performance and opportunities, any potential strategic benefits, synergies or opportunities expected as a result of such acquisition, and any projected impacts from the Horizon acquisition on our acquisition-related expenses going forward), as well as estimates of revenues, operating margins, capital expenditures, cash, other financial metrics, expected legal, arbitration, political, regulatory or clinical results or practices, customer and prescriber patterns or practices, reimbursement activities and outcomes, effects of pandemics or other widespread health problems on our business, outcomes, progress, and other such estimates and results. Forward-looking statements involve significant risks and uncertainties, including those discussed below and more fully described in the Securities and Exchange Commission reports filed by Amgen, including our most recent annual report on Form 10-K and any subsequent periodic reports on Form 10-Q and current reports on Form 8-K. Unless otherwise noted, Amgen is providing this information as of the date of this news release and does not undertake any obligation to update any forward-looking statements contained in this document as a result of new information, future events or otherwise. No forward-looking statement can be guaranteed and actual results may differ materially from those we project. Our results may be affected by our ability to successfully market both new and existing products domestically and internationally, clinical and regulatory developments involving current and future products, sales growth of recently launched products, competition from other products including biosimilars, difficulties or delays in manufacturing our products and global economic conditions. In addition, sales of our products are affected by pricing pressure, political and public scrutiny and reimbursement policies imposed by third-party payers, including governments, private insurance plans and managed care providers and may be affected by regulatory, clinical and guideline developments and domestic and international trends toward managed care and healthcare cost containment. Furthermore, our research, testing, pricing, marketing and other operations are subject to extensive regulation by domestic and foreign government regulatory authorities. We or others could identify safety, side effects or manufacturing problems with our products, including our devices, after they are on the market. Our business may be impacted by government investigations, litigation and product liability claims. In addition, our business may be impacted by the adoption of new tax legislation or exposure to additional tax liabilities. If we fail to meet the compliance obligations in the corporate integrity agreement between us and the U.S. government, we could become subject to significant sanctions. Further, while we routinely obtain patents for our products and technology, the protection offered by our patents and patent applications may be challenged, invalidated or circumvented by our competitors, or we may fail to prevail in present and future intellectual property litigation. We perform a substantial amount of our commercial manufacturing activities at a few key facilities, including in Puerto Rico , and also depend on third parties for a portion of our manufacturing activities, and limits on supply may constrain sales of certain of our current products and product candidate development. An outbreak of disease or similar public health threat, such as COVID-19, and the public and governmental effort to mitigate against the spread of such disease, could have a significant adverse effect on the supply of materials for our manufacturing activities, the distribution of our products, the commercialization of our product candidates, and our clinical trial operations, and any such events may have a material adverse effect on our product development, product sales, business and results of operations. We rely on collaborations with third parties for the development of some of our product candidates and for the commercialization and sales of some of our commercial products. In addition, we compete with other companies with respect to many of our marketed products as well as for the discovery and development of new products. Discovery or identification of new product candidates or development of new indications for existing products cannot be guaranteed and movement from concept to product is uncertain; consequently, there can be no guarantee that any particular product candidate or development of a new indication for an existing product will be successful and become a commercial product. Further, some raw materials, medical devices and component parts for our products are supplied by sole third-party suppliers. Certain of our distributors, customers and payers have substantial purchasing leverage in their dealings with us. The discovery of significant problems with a product similar to one of our products that implicate an entire class of products could have a material adverse effect on sales of the affected products and on our business and results of operations. Our efforts to collaborate with or acquire other companies, products or technology, and to integrate the operations of companies or to support the products or technology we have acquired, may not be successful. There can be no guarantee that we will be able to realize any of the strategic benefits, synergies or opportunities arising from the Horizon acquisition, and such benefits, synergies or opportunities may take longer to realize than expected. We may not be able to successfully integrate Horizon, and such integration may take longer, be more difficult or cost more than expected. A breakdown, cyberattack or information security breach of our information technology systems could compromise the confidentiality, integrity and availability of our systems and our data. Our stock price is volatile and may be affected by a number of events. Our business and operations may be negatively affected by the failure, or perceived failure, of achieving our environmental, social and governance objectives. The effects of global climate change and related natural disasters could negatively affect our business and operations. Global economic conditions may magnify certain risks that affect our business. Our business performance could affect or limit the ability of our Board of Directors to declare a dividend or our ability to pay a dividend or repurchase our common stock. We may not be able to access the capital and credit markets on terms that are favorable to us, or at all. CONTACT: Amgen, Thousand Oaks Elissa Snook , 609-251-1407 (media) Justin Claeys , 805-313-9775 (investors) SOURCE AmgenAs people across the U.S. continue preparations for Thanksgiving shoppers in Kentucky said one item of discussion will be off the table when families gather for holiday celebrations: politics. (AP video: Dylan Lovan)We needed it – Pep Guardiola relieved to end Man City’s winless run