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EDMONTON - Alberta Premier Danielle Smith says the government is working to get taxpayer value for the money it paid for medication that has yet to be approved and delivered. Smith announced the plan two years ago amid a national shortage of children’s pain medication. The province spent $70 million upfront to import five million bottles from Turkey-based Atabay Pharmaceuticals. But Alberta Health Services said Friday that Health Canada only approved 1.5 million bottles or $21 million worth of product. That left a credit of $49 million. Smith said this week the holdup is with Health Canada, which would have to approve a new suite of imports for the province to get its money’s worth. “We’re waiting for Health Canada to work with AHS to identify the products, get the formulations, approve it, so that we’re able to execute on it. Those things take time,” Smith said in a year-end interview. The premier said the province had to pay the $70 million upfront. “They delivered a portion, and then the supply chains were restored, and we didn’t need to fulfil it with the two products we’d initially ordered. So we have a credit on file with Atabay,” said Smith. The government and AHS declined to say what specific products they’re seeking or when they might arrive. “We want it to be delivered soon,” said Smith. Health Canada was unable to provide an immediate response. AHS said the $70-million prepayment went to Edmonton-based medical supplier MHCare. AHS did not address questions about how common it is to pay the entire contracting fee upfront with no apparent backstops to ensure fulfilment. The costs of shipping, waste disposal and other administration tied to the deal were initially estimated to be an extra $10 million, but are yet to be finalized. NDP Leader Naheed Nenshi said Smith’s United Conservative government signed a deal that didn’t follow normal procurement practices, and it backfired. “The federal government had already signed a deal to get real Tylenol onto the shelves that arrived before the Turkish Tylenol,” he told The Canadian Press. “Albertans should be really angry, because we basically have given$80 million of taxpayers money that could have built schools.” Smith’s government has stood by the decision to import the medication because, in late 2022, parents were desperate to find relief for their children at the height of the respiratory virus season. The purchase has long been mired in difficulties. It was immediately beset by delays, as the province sought regulatory approvals and sorted out packaging and warning labels. Pharmacists had to keep some of the medicine behind the counter to make sure customers who bought it were aware of the comparatively lower dosage. Hospital neonatal units eventually stopped using it due to safety concerns. The purchase also sparked questions about whether the province’s relaxed ethics rules meant elected officials could be bought for the right price. Multiple UCP cabinet ministers have said they accepted free tickets to Edmonton Oilers hockey games during the Stanley Cup playoffs. They said they followed conflict-of-interest rules and denied any claims of disreputable behaviour. Health Minister Adriana LaGrange has said AHS has identified what imported adult medications it could use, is in negotiations with Atabay and is working to get approval from Health Canada. “Once those processes have been gone through, I will be happy to share exactly what those medications are,” she said Thursday. “My goal has always been to get products that we can use, get maximum value out of what’s remaining on the books there, and that’s what’s happening.” This report by The Canadian Press was first published Dec. 6, 2024.TYSONS, Va.--(BUSINESS WIRE)--Dec 2, 2024-- Alarm.com Holdings, Inc. (Nasdaq: ALRM), the leading platform for the intelligently connected property, today announced that Steve Valenzuela, Chief Financial Officer, will host one-on-one investor meetings at the following upcoming investor conferences. Event Details: Raymond James 2024 TMT & Consumer Conference – New York, NY Monday, December 09, 2024 Hosting investor meetings Barclays 22nd Annual Global Technology Conference – San Francisco, CA Wednesday, December 11, 2024 Hosting investor meetings About Alarm.com Holdings, Inc. Alarm.com is the leading platform for the intelligently connected property. Millions of consumers and businesses depend on Alarm.com 's technology to manage and control their property from anywhere. Our platform integrates with a growing variety of Internet of Things (IoT) devices through our apps and interfaces. Our security, video, access control, intelligent automation, energy management, and wellness solutions are available through our network of thousands of professional service providers in North America and around the globe. Alarm.com 's common stock is traded on Nasdaq under the ticker symbol ALRM. For more information, please visit www.alarm.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20241202029149/en/ CONTACT: Investor & Media Relations: Matt Zartman Alarm.com ir@alarm.com KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA VIRGINIA NEW YORK INDUSTRY KEYWORD: HARDWARE IOT (INTERNET OF THINGS) RESIDENTIAL BUILDING & REAL ESTATE BUILDING SYSTEMS COMMERCIAL BUILDING & REAL ESTATE SECURITY CONSTRUCTION & PROPERTY PHOTOGRAPHY TECHNOLOGY AUDIO/VIDEO APPS/APPLICATIONS OTHER TECHNOLOGY TELECOMMUNICATIONS SOFTWARE MOBILE/WIRELESS SOURCE: Alarm.com Holdings, Inc. Copyright Business Wire 2024. PUB: 12/02/2024 04:05 PM/DISC: 12/02/2024 04:06 PM http://www.businesswire.com/news/home/20241202029149/en
Who: UNLV vs. New Mexico State When: 4 p.m. Saturday Where: Thomas & Mack Center TV: SSSEN (Cox 125) Radio: KWWN (1100 AM, 100.9 FM) About the Rebels (3-1): UNLV is coming off an 80-59 win over Pepperdine on Wednesday that saw five Rebels score in double figures. Guard Brooklyn Hicks led the team with 16 points off the bench, while point guard Dedan Thomas Jr. added 13 points and six assists. UNLV faced the Waves without forward Rob Whaley Jr. (back), guard Jaden Henley (foot) and guard Jace Whiting (foot) due to injuries. All three players did not participate in Tuesday’s practice, though Whaley did some exercises. Henley and Whiting were still using boots and scooters on the sideline Wednesday. Thomas leads the Rebels in points (16.8) and assists (3.8) per game this season. Forward Jeremiah “Bear” Cherry leads the team in rebounds (6.8) and blocks (1.5) per game. Saturday’s game counts as a “campus site game” ahead of the Arizona Tip-Off tournament next week in Tempe, Arizona. UNLV is in the “Cactus Division” of the event and will face Mississippi State on Thursday. The Rebels will play either Northwestern or Butler the following day. About the Aggies (3-1): This will be the first game between New Mexico State and UNLV since 1996. The Aggies will be looking to bounce back against the Rebels after falling to Dayton 74-53 on Wednesday for their first loss of the season. Forward Peter Filipovity led New Mexico State with 15 points in the loss and added seven rebounds. Guards Christian Cook and Zawdie Jackson lead the team in scoring by averaging 14.3 points per game. Forward Robert Carpenter leads the Aggies in rebounds (7.3) and steals (1.5) per game. New Mexico State is in the “Desert Division” of the Arizona Tip-Off Tournament and will face Pepperdine on Nov. 29.CHICAGO, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Monroe Capital Corporation (the “Company”) (NASDAQ: MRCC) announced today that its Board of Directors has declared a distribution of $0.25 per share for the fourth quarter of 2024, payable on December 30, 2024 to stockholders of record as of December 16, 2024. In October 2012, the Company adopted a dividend reinvestment plan that provides for reinvestment of distributions on behalf of its stockholders, unless a stockholder elects to receive cash prior to the record date. When the Company declares a cash distribution, stockholders who have not opted out of the dividend reinvestment plan prior to the record date will have their distribution automatically reinvested in additional shares of the Company’s capital stock. The specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company’s periodic report filed with the Securities and Exchange Commission. About Monroe Capital Corporation Monroe Capital Corporation is a publicly-traded specialty finance company that principally invests in senior, unitranche and junior secured debt and, to a lesser extent, unsecured debt and equity investments in middle-market companies. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation. The Company’s investment activities are managed by its investment adviser, Monroe Capital BDC Advisors, LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended, and an affiliate of Monroe Capital LLC. To learn more about Monroe Capital Corporation, visit www.monroebdc.com . About Monroe Capital LLC Monroe Capital LLC (including its subsidiaries and affiliates, together “Monroe”) is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, alternative credit, structured credit, real estate and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroe’s platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality “alpha” returns irrespective of business or economic cycles. The firm is headquartered in Chicago and maintains 10 offices throughout the United States and Asia. Monroe has been recognized by both its peers and investors with various awards including Inc.'s 2024 Founder-Friendly Investors List; Private Debt Investor as the 2023 Lower Mid-Market Lender of the Decade, 2023 Lower Mid-Market Lender of the Year, 2023 CLO Manager of the Year, Americas; Global M&A Network as the 2023 Lower Mid-Markets Lender of the Year, U.S.A.; DealCatalyst as the 2022 Best CLO Manager of the Year; Korean Economic Daily as the 2022 Best Performance in Private Debt – Mid Cap; Creditflux as the 2021 Best U.S. Direct Lending Fund; and Pension Bridge as the 2020 Private Credit Strategy of the Year. For more information and important disclaimers, please visit www.monroecap.com . Forward-Looking Statements This press release may contain certain forward-looking statements. Any such statements, other than statements of historical fact, are likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under the Company’s control, and that the Company may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from these estimates and projections of the future. Such statements speak only as of the time when made, and the Company undertakes no obligation to update any such statement now or in the future. SOURCE: Monroe Capital Corporation
Businesses in the Asia-Pacific (APAC) region are facing a barrage of cyber attacks, averaging a staggering 2,600 threats per week, significantly higher than the global average of 1,750, according to Check Point’s latest quarterly threat intelligence report. Governments, healthcare, financial services, manufacturing, education, and research sectors are primary targets, with . “Attackers are already taking advantage of AI,” said Ruma Balasubramanian, president of Check Point Software Technologies in Asia-Pacific and Japan. “The technology is being used to produce more realistic phishing messages, as well as good enough in one case earlier this year to convince a finance worker into transferring $25m to fraudsters.” Balasubramanian, who recently joined Check Point from Google Cloud, highlighted the growing sophistication of these attacks, calling for organisations to adopt a proactive, preventative approach to cyber security amid the rise of AI. “While attackers are already taking advantage of AI, the industry is only starting to understand how AI can help assess and protect against these threats,” Balasubramanian said, adding that Check Point’s own ThreatCloud AI uses over 50 AI engines to analyse threat data collected over 30 years, aiming to detect and block emerging threats. Beyond AI-driven attacks, several other critical concerns are plaguing the region. , readily available to anyone with malicious intent, is posing a significant threat. , where malware is injected into open-source code, are also on the rise, potentially compromising numerous organisations simultaneously. Furthermore, the inadvertent leakage of sensitive information by employees using public AI chatbots is a new and evolving risk. These escalating threats are unfolding against a backdrop of a severe cyber security skills shortage, with Asia alone requiring an estimated 2.1 million additional security professionals, leaving many organisations in the region vulnerable. While Balasubramanian advocated for comprehensive protection encompassing endpoints, networks, datacentres and cloud infrastructure, doing so has led to complexity, with about 75% of large organisations and governments relying on over 50 cyber security vendors. “Many CISOs [chief information security officers] are ,” Balasubramanian said, “but the question then is ‘which vendors make the most sense?’” Evaluating the impact of removing any specific security product can be very challenging as CISOs grapple with ensuring continuous protection, she added. Effective cyber security transcends technology, requiring a collaborative approach involving CEOs, chief information officers and all employees. Balasubramanian cited a Singapore company that successfully improved its phishing defence through and by publicly identifying employees who fell for the scams. She cautioned, however, that such tactics are culturally sensitive and may not be appropriate in all environments. Addressing legacy hardware and software vulnerabilities is also crucial, with legacy infrastructure more susceptible to being exploited by threat actors. Check Point recommends combining , and to protect vulnerable legacy systems. Balasubramanian emphasised the critical role of a cyber resilience plan, highlighting the sophistication of Australian boards in this area, potentially influenced by . “Australian federal and state regulations are unique across APAC,” she said. “Australian regulators have got this right. Where other countries are grappling with these issues, Australia really stands out as a model.” She recommended that boards prioritise several key areas, including establishing and regularly testing , understanding reporting obligations, and having a dedicated response team or third-party provider. This should be accompanied by a comprehensive risk assessment that considers processes, handoffs and technology. The company offers a range of services to assist organisations in bolstering their cyber resilience, from risk assessments and architecture reviews to security awareness training and . Its platform approach, integrating various security functions, resonates with customers, according to Balasubramanian. Ultimately, addressing the complex cyber security landscape requires a multi-faceted approach, combining advanced technology, comprehensive planning, robust regulatory frameworks, and a culture of security awareness. “Implementing a security action plan is a significant investment,” Balasubramanian concluded. “As a starting point, I would suggest that the approach be built on the premise of not just securing the perimeter against outside threats, but also in reducing the damage a threat actor or insider threat could cause, once an organisation has been breached.”
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