14-minute implosion makes it another night to forget for Man CityThe Deviated Septum Market: Trends, Scope, and Key Growth Drivers 2029 11-26-2024 09:12 PM CET | Health & Medicine Press release from: Data Bridge Market Research Deviated Septum Market A deviated septum is a condition where the nasal septum, the thin wall separating the nostrils, is displaced to one side, leading to breathing difficulties and other related issues. This condition affects a significant portion of the population, driving the demand for treatments and innovations in healthcare solutions. The deviated septum market encompasses a range of medical devices, surgical procedures, and pharmaceutical solutions tailored to address the challenges posed by this condition. This article delves into an overview of the market, its scope, prevailing trends, and key influencing factors. Browse More About This Research Report @ https://www.databridgemarketresearch.com/reports/global-deviated-septum-market Overview of the Deviated Septum Market The deviated septum market focuses on diagnosing and treating nasal septum deviations, which can arise from congenital conditions, injuries, or aging. Common symptoms include nasal congestion, recurrent sinus infections, and snoring. In severe cases, a deviated septum can significantly impact the quality of life, necessitating medical intervention. The market includes surgical procedures such as septoplasty, which realigns the septum, and non-invasive options like nasal sprays and decongestants for mild cases. Technological advancements have introduced minimally invasive techniques and innovative medical devices, enhancing patient outcomes and reducing recovery times. The market also incorporates diagnostic tools, including imaging systems and nasal endoscopes, essential for precise assessments. Scope of the Deviated Septum Market The deviated septum market spans multiple dimensions, encompassing both therapeutic and diagnostic segments. Therapeutic Solutions This segment includes surgical and non-surgical treatments. Surgical interventions, primarily septoplasty, remain the gold standard for correcting severe deviations. Non-surgical options cater to patients seeking temporary relief, including: Nasal sprays Decongestants Breathing strips Diagnostic Tools Accurate diagnosis is pivotal for effective treatment. The market offers advanced imaging systems, nasal endoscopes, and consultation software that enable otolaryngologists to evaluate nasal structures thoroughly. Geographical Distribution The market is globally distributed, with North America and Europe holding prominent shares due to well-established healthcare infrastructures. Emerging economies in Asia-Pacific are witnessing rapid growth, driven by increasing healthcare awareness and access to advanced treatments. End-Users Key end-users include hospitals, specialty clinics, and outpatient surgical centers. The increasing preference for minimally invasive procedures has boosted demand in ambulatory care settings. Market Trends Rising Awareness and Diagnosis Rates Public awareness about the symptoms and impacts of a deviated septum has increased, leading to higher diagnosis rates. This trend is supported by awareness campaigns from healthcare organizations and government initiatives. Technological Advancements Technological innovations are reshaping the market. Minimally invasive surgical techniques, such as balloon sinuplasty, have gained traction due to reduced recovery times and lower complication risks. Additionally, 3D imaging and navigation systems have enhanced the precision of surgical procedures. Growth of Cosmetic and Functional Surgeries The integration of cosmetic and functional outcomes in nasal surgeries has expanded the patient pool. Rhinoplasty combined with septoplasty, commonly known as septorhinoplasty, addresses both aesthetic and structural concerns, catering to patients seeking dual benefits. Increased Demand for Outpatient Services The convenience and cost-effectiveness of outpatient procedures have driven demand for ambulatory care centers. These facilities offer same-day surgeries with faster recovery periods, appealing to patients and reducing hospital stays. Expansion in Emerging Markets Asia-Pacific and Latin America are experiencing a surge in healthcare investments, improving access to advanced treatments. Growing middle-class populations and increasing disposable incomes further fuel market growth in these regions. Factors Driving the Deviated Septum Market Prevalence of Nasal Disorders A high prevalence of nasal disorders, including chronic sinusitis and allergic rhinitis, often coexists with a deviated septum, driving the need for effective treatments. Aging populations also contribute to the rising incidence of nasal obstructions. Growing Healthcare Expenditure Increased healthcare spending worldwide supports the adoption of advanced diagnostic tools and surgical procedures. Governments and private sectors are investing in healthcare infrastructure, particularly in developing regions. Patient Preference for Minimally Invasive Procedures Minimally invasive techniques offer reduced pain, shorter recovery times, and lower risks, aligning with patient preferences. These benefits have driven the adoption of advanced surgical methods. Innovations in Medical Devices Continuous innovations in medical devices, such as improved nasal stents and biodegradable implants, have enhanced treatment efficacy and patient comfort. The development of customized surgical instruments has also streamlined procedures. Cosmetic Appeal The overlap of functional and cosmetic improvements in nasal surgeries attracts a broader demographic. This dual benefit appeals to patients seeking enhanced aesthetics along with improved breathing. Professional Expertise The availability of skilled professionals specializing in otolaryngology ensures high success rates for treatments, boosting patient confidence in surgical and non-surgical options. Regulatory Support Supportive regulatory frameworks and faster approval processes for medical devices and drugs have expedited the introduction of innovative solutions in the market. Conclusion The deviated septum market continues to grow, driven by rising awareness, technological advancements, and an increasing preference for minimally invasive procedures. With expanding geographical reach and a diverse range of therapeutic and diagnostic solutions, the market presents significant opportunities for stakeholders. Innovations in treatment approaches and a focus on patient-centric care will further shape its trajectory, addressing the evolving needs of individuals worldwide. As healthcare systems adapt to changing demographics and preferences, the deviated septum market remains a vital component of the broader otolaryngology landscape. Browse Trending Reports: https://newsasdbmr.blogspot.com/2024/11/dementia-alzheimer-disease-market-size.html https://newsasdbmr.blogspot.com/2024/11/data-science-platform-market-size-share_26.html https://newsasdbmr.blogspot.com/2024/11/data-center-structured-cabling-market_26.html https://newsasdbmr.blogspot.com/2024/11/data-center-busway-market-size-share_26.html About Data Bridge Market Research: An absolute way to predict what the future holds is to understand the current trend! Data Bridge Market Research presented itself as an unconventional and neoteric market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are committed to uncovering the best market opportunities and nurturing effective information for your business to thrive in the marketplace. Data Bridge strives to provide appropriate solutions to complex business challenges and initiates an effortless decision-making process. Data Bridge is a set of pure wisdom and experience that was formulated and framed in 2015 in Pune. Data Bridge Market Research has more than 500 analysts working in different industries. We have served more than 40% of the Fortune 500 companies globally and have a network of more than 5,000 clients worldwide. Data Bridge is an expert in creating satisfied customers who trust our services and trust our hard work with certainty. We are pleased with our glorious 99.9% customer satisfaction rating. Contact Us: - Data Bridge Market Research US: +1 888 387 2818 United Kingdom: +44 208 089 1725 Hong Kong: +852 8192 7475 Email: - sopan.gedam@databridgemarketresearch.com This release was published on openPR.
Sportscaster Greg Gumbel dies from cancer at age 78
THERE’S HOPE! I love Pampanga. Living here is an experience filled with cultural richness, historical depth, and vibrant community life. As a resident of this storied province, I know its streets, stories, and spirit like the back of my hand. The pride in calling Pampanga home comes not only from its scenic landscapes and strategic location but also from its unique contributions to the Philippines’ cultural and economic tapestry. I’m even prouder seeing Pampanga scoring wins left and right these days. Last week, we celebrated the commendable leadership of Coach and Governor Dennis “Delta” Garcia Pineda and the Pampanga Giant Lanterns’ securing of the North Division title in the Maharlika Pilipinas Basketball League (MPBL) for the second consecutive year. And now, turning our attention to culinary achievements, the bill to officially designate Pampanga as the “Culinary Capital of the Philippines” has advanced to the Senate plenary and has received sponsorship. This recognition speaks volumes about the province's deep-rooted influence and expertise in Philippine cuisine, cementing its reputation as a hub of culinary excellence. In line with the celebration of local flavors, I recently joined the grand opening of Side Eye Cafe, a new establishment that perfectly embodies Pampanga’s vibrant culinary landscape. Founded by the charismatic entrepreneur Jeio Rivera, whom I know from our shared service in the Philippine Coast Guard, the café reflects the diligence and dedication characteristic of our corps. These qualities are evident in the owner, whose meticulous attention to detail and commitment to excellence shines through in every aspect of the store. With his bright eyes and infectious enthusiasm, Jeio is the ideal host for such a venture. He’s a business management graduate from the University of the Cordilleras and is currently pursuing a Master of Science in Entrepreneurship at the De La Salle University in Manila. Raised by his father, retired AFP Brigadier General Ferdinand Jose G. Rivera, and supported by his mother, Hope Castro Rivera, a former hotel manager, Jeio’s commitment to quality and community values is clear. These personal influences enrich the café’s atmosphere, fostering a culture of respect and open-mindedness—a fitting tribute, especially since the opening coincided with The International Day for Tolerance. Many familiar faces attended the event including Department of Human Settlements and Urban Development Assistant Secretary Rosve Henson, former Pampanga District Board Member and Mayor Mylyn Pineda-Cayabyab, and Clark Development Corporation Director Helen Nicolette Henson. After all, Side Eye Café shows a lot of promise. Its name, a clever nod to the power of non-verbal communication, captures the essence of the café—a venue designed for meaningful exchanges, anchored the subtleties of gesture and glance. The restaurateur told me, “We aim to create an environment where conversations unfold effortlessly, enabling patrons to forge deep connections through the subtle art of non-verbal cues, making each interaction rich with intimacy and insight.” As a communications professional, it’s rare for me to be easily impressed, yet Jeio’s perspective struck a chord. His focus on non-verbal communication reminded me of Department of Budget and Management Secretary Amenah “Mina” F. Pangandaman's leadership style, which similarly values subtlety and understanding in interactions. The aesthetic of the coffee house is minimalistic and elegant, mirroring Jeio’s refined and understated style. Artworks featuring iconic characters with signature side-eye gazes adorn the walls giving the place a more chic, fun, and welcoming vibe. Spacious enough to accommodate up to 80 guests, the café offers ample room for comfortable seating and social interaction. Beyond coffee, the tantalizing menu consists of inventive dishes from Seafood Alavar Pasta to Balut Sisig, to delectable desserts like Matcha Dream Cakes and Cheesecakes in a jar. Jeio also told me that they source their coffee beans from local farmers in the Northern Philippines, supporting regional agriculture. For those with a taste for international flavors, they also bring in beans from Brazil. In essence, they help local farmers while providing a global flair to their coffee choices. These beans are exclusively roasted in Pampanga, further supporting local livelihoods. The café’s approach of blending local flavors with international standards establishes a new benchmark for coffee quality in the region. Congratulations to Jeio and Pampanga for another milestone! Through Side Eye Café, we are reminded that even in our fast-paced, often polarized world, there are still spots where dialogue and respect can brew together beautifully. It is located at CJG Bldg, Brgy. Baliti, San Fernando, Pampanga, near His Life City Church. There is hope!Leinster posted a bloodless bonus-point win over Munster, Luke McGrath, Sam Prendergast, Josh van der Flier and Caelan Doris all crossing. It was a debilitating outing for Munster who huffed and puffed but were unable to finish off when close to the opposition, their one try coming from Tom Ahern. The Leinster gamble on selecting an almost full-strength side had paid off “I just thought in our last game against Clermont, we looked a little bit jaded perhaps," said Leo Cullen afterwards. READ MORE: What time and TV channel is Connacht v Ulster on today in the URC? READ MORE: Football In The Time Of War - Ukraine's national team carrying huge weight of expectations "That’s obviously easy to say post-event, but it’s difficult in terms of coming off four Test matches and you’re into two big Champions Cup games. “It’s like six Tests in many ways, isn’t it? But anyway, we have come through that. Clermont are an unbelievably nuggety team. You probably saw that if you watched their La Rochelle game at the weekend as well, how they are able to stick in there. “So, I think it was important that they guys got a bit of time to freshen up. The pleasing part is they hit the ground running when they come in on Monday, and you’re seeing guys with really good energy out there. It’s good, I might have to consider that again for them.” Munster coach Ian Costello felt his side's performance was better than the previous game - when they beat Ulster. "Last week, our ball retention was poor and some areas of our attack that are usually strong were off. I know we got four really good tries but we had 30 percent possession. "It was closer to 50 percent tonight and still made errors but I thought our intent was good. You would have seen that we looked to kick early and we looked to turn them, get the crowd into the game. "We put a lot of emphasis on our kick chase and got some great return out of that. "Unlucky that one kick went dead but we had a particular change-up to the way we were playing and I suppose as positive as that was, if we don't convert when we get within five metres of the line against a side like Leinster, then they convert when they're five metres out, that can be immaterial." Cullen admitted team selection had been with the upcoming European game against Ronan O'Gara's La Rochelle in mind. That he considered the 'away' game and the 'Munster' unit as good preparation. "We have an unbelievable challenge in the Champions Cup then going up against La Rochelle away, which will be a great test for us. We will see how they are tracking over the next couple of weeks. “Again, going back to what we can control is how we prepare, we’ll go over there and try and give a good account of ourselves.” Get the latest sports headlines straight to your inbox by signing up for free email alerts .Drone operators worry that anxiety over mystery sightings will lead to new restrictions Drones for commercial and recreational use have grown rapidly in popularity, despite restrictions on who can operate them and where they can be flown. David Koenig, The Associated Press Dec 12, 2024 3:00 PM Dec 12, 2024 3:20 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message FILE - In this April 29, 2018, file photo, a drone operator helps to retrieve a drone after photographing over Hart Island in New York. (AP Photo/Seth Wenig, File) Drones for commercial and recreational use have grown rapidly in popularity, despite restrictions on who can operate them and where they can be flown. No-fly zones are enforced around airports, military installations, nuclear plants, certain landmarks including the Statue of Liberty, and sports stadiums during games. Not everybody follows the rules. Sightings at airports have shut down flights in a few instances. Reported sightings of what appear to be drones flying over New Jersey at night in recent weeks have created anxiety among some residents, in part because it is not clear who is operating them or why. Some state and local officials have called for stricter rules to govern drones. After receiving reports of drone activity last month near Morris County, New Jersey, the Federal Aviation Administration issued temporary bans on drone flights over a golf course in Bedminster , New Jersey, that is owned by President-elect Donald Trump, and over Picatinny Arsenal Military Base . The FAA says the bans are in response to requests from “federal security partners.” Who regulates drones? The FAA is responsible for the regulations governing their use , and Congress has written some requirements into law. Who enforces the rules? With a 2018 law, the Preventing Emerging Threats Act, Congress gave certain agencies in the Homeland Security and Justice departments authority to counter threats from unmanned aircraft to protect the safety of certain facilities. New drones must be outfitted with equipment allowing law enforcement to identify the operator, and Congress gave the agencies the power to detect and take down unmanned aircraft that they consider dangerous. The law spells out where the counter-drone measures can be used, including “national special security events” such as presidential inaugurations and other large gatherings of people. What does it take to become a drone pilot? To get a “remote pilot certificate,” you must be at least 16 years old, be proficient in English, pass an aeronautics exam, and not suffer from a ”mental condition that would interfere with the safe operation of a small unmanned aircraft system.” Are drones allowed to fly at night? Yes, but the FAA imposes restrictions on nighttime operations. Most drones are not allowed to fly at night unless they are equipped with anti-collision lights that are visible for at least 3 miles (4.8 kilometers). Are drones a hazard? Over the past decade, pilots have reported hundreds of close calls between drones and airplanes including airline jets. In some cases, airplane pilots have had to take evasive action to avoid collisions. Drones buzzing over a runway caused flights to be stopped at London’s Gatwick Airport during the Christmas travel rush in 2018 and again in May 2023 . Police dismissed the idea of shooting down the drones, fearing that stray bullets could kill someone. Advances in drone technology have made it harder for law enforcement to find rogue drone operators — bigger drones in particular have more range and power. Will drone rules get tougher? Some state and local officials in New Jersey are calling for stronger restrictions because of the recent sightings, and that has the drone industry worried. Scott Shtofman, director of government affairs at the Association for Uncrewed Vehicle Systems International, said putting more limits on drones could have a “chilling effect” on “a growing economic engine for the United States.” “We would definitely oppose anything that is blindly pushing for new regulation of what are right now legal drone operations,” he said. AirSight, a company that sells software against “drone threats,” says more than 20 states have enacted laws against privacy invasion by drones, including Peeping Toms. Will Austin, president of Warren County Community College in New Jersey, and founder of its drone program, says it's up to users to reduce public concern about the machines. He said operators must explain why they are flying when confronted by people worried about privacy or safety. “It's a brand new technology that's not really understood real well, so it will raise fear and anxiety in a lot of people,” Austin said. “We want to be good professional aviators and alleviate that.” ___ Associated Press reporter Rebecca Santana in Washington, D.C., contributed. David Koenig, The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Get your daily Victoria news briefing Email Sign Up More Science News Elon Musk wants to turn SpaceX's Starbase site into a Texas city Dec 12, 2024 5:10 PM US senator says mysterious drones spotted in New Jersey should be 'shot down, if necessary' Dec 12, 2024 4:15 PM Elon Musk wants to turn SpaceX's Starbase site into a Texas city Dec 12, 2024 4:02 PM
Fiscal Third Quarter Total Revenues of $2.160 Billion , Up 15.8% Year Over Year Subscription Revenues of $1.959 Billion , Up 15.8% Year Over Year PLEASANTON, Calif. , Nov. 26, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money , today announced results for the fiscal 2025 third quarter ended October 31, 2024. Fiscal 2025 Third Quarter Results 1 See the section titled "About Non-GAAP Financial Measures" in the accompanying financial tables for further details. Comments on the News "Workday's solid performance in Q3 reflects the trust our customers place in us across industries, the global momentum around our AI-driven innovations, and the strength of our partner ecosystem," said Carl Eschenbach , CEO, Workday. "Organizations are increasingly consolidating on the Workday platform to reduce total cost of ownership, simplify their operations, and to unlock the power of our best-in-class AI solutions. Workday gives them the ultimate advantage – and that positions our business for long-term success." "In Q3, we once again made good progress across a number of our key growth areas," said Zane Rowe , CFO, Workday. "Looking ahead, we expect fiscal 2025 subscription revenue of $7.703 billion , growth of 17%, and fiscal 2025 non-GAAP operating margin of 25.5%. We are focused on executing in our seasonally strongest quarter, as we lay the foundation for durable, profitable growth at scale." Recent Highlights 1 Gartner Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises, Ranadip Chandra, Sam Grinter, Ron Hanscome, Chris Pang, Anand Chouksey, Josie Xing, Harsh Kundulli, David Bobo, Laura Gardiner, Hiten Sheth, Emi Chiba, Travis Wickesberg, and Michelle Shapiro, 23 October 2024. 2 Gartner Magic Quadrant for Cloud ERP for Service-Centric Enterprises, Robert Anderson, Denis Torii, Sam Grinter, Naveen Mahendra, Tomas Kienast, Johan Jartelius, 4 November 2024. 3 Gartner Magic Quadrant for Financial Planning Software, Regina Crowder, Vaughan Archer, Matthew Mowrey, Michelle Carlsen, 18 November 2024. Financial Outlook Workday is providing guidance for the fiscal 2025 fourth quarter ending January 31, 2025 as follows: Workday is updating its guidance for the fiscal 2025 full year ending January 31, 2025 as follows: 1 The Company has not provided a reconciliation of its forward outlook for non-GAAP operating margin with its forward-looking GAAP operating margin in reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. The Company is unable to predict with reasonable certainty the amount and timing of adjustments that are used to calculate this non-GAAP financial measure, particularly related to stock-based compensation and its related tax effects, acquisition- related costs, and realignment costs. Earnings Call Details Workday plans to host a conference call today to review its fiscal 2025 third quarter financial results and to discuss its financial outlook. The call is scheduled to begin at 1:30 p.m. PT / 4:30 p.m. ET and can be accessed via webcast . The webcast will be available live, and a replay will be available following completion of the live broadcast for approximately 90 days. Workday uses the Workday Blog as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. About Workday Workday is a leading enterprise platform that helps organizations manage their most important assets – their people and money . The Workday platform is built with AI at the core to help customers elevate people, supercharge work, and move their business forever forward. Workday is used by more than 10,500 organizations around the world and across industries – from medium-sized businesses to more than 60% of the Fortune 500. For more information about Workday, visit workday.com . © 2024 Workday, Inc. All rights reserved. Evisort, Workday, and the Workday logo are registered trademarks of Workday, Inc. All other brand and product names are trademarks or registered trademarks of their respective holders. Forward-Looking Statements This press release contains forward-looking statements including, among other things, statements regarding Workday's fourth quarter and full-year fiscal 2025 subscription revenue and non-GAAP operating margin, growth, momentum, and innovation. These forward-looking statements are based only on currently available information and our current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are outside of our control. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements, and therefore you should not rely on any forward-looking statements. Risks include, but are not limited to: (i) breaches in our security measures or those of our third-party providers, unauthorized access to our customers' or other users' personal data, or disruptions in our data center or computing infrastructure operations; (ii) service outages, delays in the deployment of our applications, and the failure of our applications to perform properly; (iii) privacy concerns and evolving domestic or foreign laws and regulations; (iv) the impact of continuing global economic and geopolitical volatility on our business, as well as on our customers, prospects, partners, and service providers; (v) any loss of key employees or the inability to attract, train, and retain highly skilled employees; (vi) competitive factors, including pricing pressures, industry consolidation, entry of new competitors and new applications, advancements in technology, and marketing initiatives by our competitors; (vii) our reliance on our network of partners to drive additional growth of our revenues; (viii) the regulatory, economic, and political risks associated with our domestic and international operations; (ix) adoption of our applications and services by customers and individuals, including any new features, enhancements, and modifications, as well as our customers' and users' satisfaction with the deployment, training, and support services they receive; (x) the regulatory risks related to new and evolving technologies such as AI and our ability to realize a return on our development efforts; (xi) our ability to realize the expected business or financial benefits of any acquisitions of or investments in companies; (xii) delays or reductions in information technology spending; and (xiii) changes in sales, which may not be immediately reflected in our results due to our subscription model. Further information on these and additional risks that could affect Workday's results is included in our filings with the Securities and Exchange Commission ("SEC"), including our most recent report on Form 10-Q or Form 10-K and other reports that we have filed and will file with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release, except as required by law. Any unreleased services, features, or functions referenced in this document, our website, or other press releases or public statements that are not currently available are subject to change at Workday's discretion and may not be delivered as planned or at all. Customers who purchase Workday services should make their purchase decisions based upon services, features, and functions that are currently available. Workday, Inc. Condensed Consolidated Balance Sheets (in millions) (unaudited) October 31, 2024 January 31, 2024 Assets Current assets: Cash and cash equivalents $ 1,311 $ 2,012 Marketable securities 5,846 5,801 Trade and other receivables, net 1,404 1,639 Deferred costs 244 232 Prepaid expenses and other current assets 273 255 Total current assets 9,078 9,939 Property and equipment, net 1,263 1,234 Operating lease right-of-use assets 335 289 Deferred costs, noncurrent 490 509 Acquisition-related intangible assets, net 383 233 Deferred tax assets 1,031 1,065 Goodwill 3,479 2,846 Other assets 365 337 Total assets $ 16,424 $ 16,452 Liabilities and stockholders' equity Current liabilities: Accounts payable $ 74 $ 78 Accrued expenses and other current liabilities 323 287 Accrued compensation 476 544 Unearned revenue 3,447 4,057 Operating lease liabilities 102 89 Total current liabilities 4,422 5,055 Debt, noncurrent 2,983 2,980 Unearned revenue, noncurrent 64 70 Operating lease liabilities, noncurrent 278 227 Other liabilities 53 38 Total liabilities 7,800 8,370 Stockholders' equity: Common stock 0 0 Additional paid-in capital 11,115 10,400 Treasury stock (1,208) (608) Accumulated other comprehensive income (loss) 16 21 Accumulated deficit (1,299) (1,731) Total stockholders' equity 8,624 8,082 Total liabilities and stockholders' equity $ 16,424 $ 16,452 Workday, Inc. Condensed Consolidated Statements of Operations (in millions, except number of shares which are reflected in thousands and per share data) (unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Revenues: Subscription services $ 1,959 $ 1,691 $ 5,678 $ 4,843 Professional services 201 175 557 494 Total revenues 2,160 1,866 6,235 5,337 Costs and expenses (1) : Costs of subscription services 329 264 924 759 Costs of professional services 201 181 606 552 Product development 647 619 1,952 1,829 Sales and marketing 620 538 1,804 1,581 General and administrative 198 176 609 512 Total costs and expenses 1,995 1,778 5,895 5,233 Operating income (loss) 165 88 340 104 Other income (expense), net 62 41 178 114 Income (loss) before provision for (benefit from) income taxes 227 129 518 218 Provision for (benefit from) income taxes 34 15 86 25 Net income (loss) $ 193 $ 114 $ 432 $ 193 Net income (loss) per share, basic $ 0.73 $ 0.43 $ 1.63 $ 0.74 Net income (loss) per share, diluted $ 0.72 $ 0.43 $ 1.61 $ 0.73 Weighted-average shares used to compute net income (loss) per share, basic 265,411 262,153 265,062 260,747 Weighted-average shares used to compute net income (loss) per share, diluted 268,549 266,377 268,936 264,087 (1) Costs and expenses include share-based compensation expenses as follows: Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Costs of subscription services $ 35 $ 30 $ 108 $ 90 Costs of professional services 28 29 86 87 Product development 162 162 498 494 Sales and marketing 78 65 226 212 General and administrative 65 63 204 188 Total share-based compensation expenses $ 368 $ 349 $ 1,122 $ 1,071 Workday, Inc. Condensed Consolidated Statements of Cash Flows (in millions) (unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Cash flows from operating activities: Net income (loss) $ 193 $ 114 $ 432 $ 193 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:- Janesh Moorjani appointed as chief financial officer. SAN FRANCISCO , Nov. 26, 2024 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) today reported financial results for the third quarter of fiscal 2025. All growth rates are compared to the third quarter of fiscal 2024, unless otherwise noted. A reconciliation of GAAP to non-GAAP results is provided in the accompanying tables. For definitions, please view the Glossary of Terms later in this document. Third Quarter Fiscal 2025 Financial Highlights Total revenue increased 11 percent to $1.57 billion ; GAAP operating margin was 22 percent, down 2 percentage points; Non-GAAP operating margin was 36 percent, down 3 percentage points; GAAP income from operations was $346 million , compared to $334 million ; Non-GAAP income from operations was $573 million , compared to $547 million ; GAAP diluted EPS was $1.27 ; Non-GAAP diluted EPS was $2.17 ; Cash flow from operating activities was $209 million ; free cash flow was $199 million . "Autodesk is leading the industry in modernizing its go-to-market motion. These initiatives enable us to build larger and more durable direct relationships with our customers and to serve them more efficiently. We have already seen significant benefits from these optimization initiatives and there's more to come in the next phase," said Andrew Anagnost , Autodesk president and CEO. "We will continue to deploy capital to offset and buy forward dilution, a practice which has reduced our share count over the last three years, and have significantly extended the duration of our repurchase program by increasing our stock repurchase authorization. Our goal is to deliver sustainable shareholder value over many years." "We generated broad-based underlying growth across products and regions. Overall, macroeconomic, policy, and geopolitical challenges, and the underlying momentum of the business, were consistent with the last few quarters with continued strong renewal rates and headwinds to new business growth," said Betsy Rafael , Autodesk interim CFO. "Given Autodesk's sustained momentum in the third quarter, and smooth launch of the new transaction model in Western Europe , we are raising the midpoints of our billings, revenue, margins, earnings per share, and free cash flow guidance ranges." Additional Financial Details Total billings increased 28 percent to $1.54 billion . Total revenue was $1.57 billion , an increase of 11 percent as reported, and 12 percent on a constant currency basis. Recurring revenue represents 97 percent of total. Design revenue was $1.30 billion , an increase of 9 percent as reported, and 10 percent on a constant currency basis. On a sequential basis, Design revenue increased 3 percent as reported and on a constant currency basis. Make revenue was $171 million , an increase of 28 percent as reported and on a constant currency basis. On a sequential basis, Make revenue increased 6 percent as reported and 5 percent on a constant currency basis. Subscription plan revenue was $1.46 billion , an increase of 11 percent as reported, and 12 percent on a constant currency basis. On a sequential basis, subscription plan revenue increased 3 percent as reported and 4 percent on a constant currency basis. Net revenue retention rate remained within the range of 100 to 110 percent, on a constant currency basis. GAAP income from operations was $346 million , compared to $334 million . GAAP operating margin was 22 percent, down 2 percentage points. Total non-GAAP income from operations was $573 million , compared to $547 million . Non-GAAP operating margin was 36 percent, down 3 percentage points. GAAP diluted net income per share was $1.27 , compared to $1.12 . Non-GAAP diluted net income per share was $2.17 , compared to $2.07 . Deferred revenue decreased 9 percent to $3.66 billion . Unbilled deferred revenue was $2.45 billion , an increase of $1.24 billion . Remaining performance obligations ("RPO") increased 17 percent to $6.11 billion . Current RPO increased 14 percent to $4.01 billion . Cash flow from operating activities was $209 million , an increase of $191 million . Free cash flow was $199 million , an increase of $186 million . Third Quarter Fiscal 2025 Business Highlights Net Revenue by Geographic Area Net Revenue by Product Family Our product offerings are focused in four primary product families: Architecture, Engineering and Construction ("AEC"), AutoCAD and AutoCAD LT, Manufacturing ("MFG"), and Media and Entertainment ("M&E"). Business Outlook The following are forward-looking statements based on current expectations and assumptions, and involve risks and uncertainties, some of which are set forth below under "Safe Harbor Statement." Autodesk's business outlook for the fourth quarter and full-year fiscal 2025 considers the current economic environment and foreign exchange currency rate environment. A reconciliation between the fiscal 2025 GAAP and non-GAAP estimates is provided below or in the tables following this press release. Fourth Quarter Fiscal 2025 Full Year Fiscal 2025 The fourth quarter and full-year fiscal 2025 outlook assume a projected annual effective tax rate of 20 percent and 19 percent for GAAP and non-GAAP results, respectively. Shifts in geographic profitability continue to impact the annual effective tax rate due to significant differences in tax rates in various jurisdictions. Therefore, assumptions for the annual effective tax rate are evaluated regularly and may change based on the projected geographic mix of earnings. Earnings Conference Call and Webcast Autodesk will host its third quarter conference call today at 5 p.m. ET . The live broadcast can be accessed at autodesk.com/investor . A transcript of the opening commentary will also be available following the conference call. A replay of the broadcast will be available at 7 p.m. ET at autodesk.com/investor . This replay will be maintained on Autodesk's website for at least 12 months. Investor Presentation Details An investor presentation, Excel financials and other supplemental materials providing additional information can be found at autodesk.com/investor . Key Performance Metrics To help better understand our financial performance, we use several key performance metrics including billings, recurring revenue and net revenue retention rate. These metrics are key performance metrics and should be viewed independently of revenue and deferred revenue. These metrics are not intended to be combined with those items. We use these metrics to monitor the strength of our recurring business. We believe these metrics are useful to investors because they can help in monitoring the long-term health of our business. Our determination and presentation of these metrics may differ from that of other companies. The presentation of these metrics is meant to be considered in addition to, not as a substitute for or in isolation from, our financial measures prepared in accordance with GAAP. Glossary of Terms Billings: Total revenue plus the net change in deferred revenue from the beginning to the end of the period. Cloud Service Offerings : Represents individual term-based offerings deployed through web browser technologies or in a hybrid software and cloud configuration. Cloud service offerings that are bundled with other product offerings are not captured as a separate cloud service offering. Constant Currency (CC) Growth Rates: We attempt to represent the changes in the underlying business operations by eliminating fluctuations caused by changes in foreign currency exchange rates as well as eliminating hedge gains or losses recorded within the current and comparative periods. We calculate constant currency growth rates by (i) applying the applicable prior period exchange rates to current period results and (ii) excluding any gains or losses from foreign currency hedge contracts that are reported in the current and comparative periods. Design Business: Represents the combination of maintenance, product subscriptions, and all EBAs. Main products include, but are not limited to, AutoCAD, AutoCAD LT, Industry Collections, Revit, Inventor, Maya and 3ds Max. Certain products, such as our computer aided manufacturing solutions, incorporate both Design and Make functionality and are classified as Design. Enterprise Business Agreements (EBAs): Represents programs providing enterprise customers with token-based access to a broad pool of Autodesk products over a defined contract term. Flex: A pay-as-you-go consumption option to pre-purchase tokens to access any product available with Flex for a daily rate. Free Cash Flow: Cash flow from operating activities minus capital expenditures. Industry Collections: Autodesk Industry Collections are a combination of products and services that target a specific user objective and support a set of workflows for that objective. Our Industry Collections consist of: Autodesk Architecture, Engineering and Construction Collection, Autodesk Product Design and Manufacturing Collection, and Autodesk Media and Entertainment Collection. Maintenance Plan: Our maintenance plans provide our customers with a cost effective and predictable budgetary option to obtain the productivity benefits of our new releases and enhancements when and if released during the term of their contracts. Under our maintenance plans, customers are eligible to receive unspecified upgrades when and if available, and technical support. We recognize maintenance revenue over the term of the agreements, generally one year. Make Business: Represents certain cloud-based product subscriptions. Main products include, but are not limited to, Assemble, Autodesk Build, BIM Collaborate Pro, BuildingConnected, Fusion, and Flow Production Tracking. Certain products, such as Fusion, incorporate both Design and Make functionality and are classified as Make. Net Revenue Retention Rate (NR3): Measures the year-over-year change in Recurring Revenue for the population of customers that existed one year ago ("base customers"). Net revenue retention rate is calculated by dividing the current quarter Recurring Revenue related to base customers by the total corresponding quarter Recurring Revenue from one year ago. Recurring Revenue is based on USD reported revenue, and fluctuations caused by changes in foreign currency exchange rates and hedge gains or losses have not been eliminated. Recurring Revenue related to acquired companies, one year after acquisition, has been captured as existing customers until such data conforms to the calculation methodology. This may cause variability in the comparison. Other Revenue: Consists of revenue from consulting, and other products and services, and is recognized as the products are delivered and services are performed. Product Subscription: Provides customers a flexible, cost-effective way to access and manage 3D design, engineering, and entertainment software tools. Our product subscriptions currently represent a hybrid of desktop and cloud functionality, which provides a device-independent, collaborative design workflow for designers and their stakeholders. Recurring Revenue: Consists of the revenue for the period from our traditional maintenance plans, our subscription plan offerings, and certain Other revenue. It excludes subscription revenue related to third-party products. Recurring revenue acquired with the acquisition of a business is captured when total subscriptions are captured in our systems and may cause variability in the comparison of this calculation. Remaining Performance Obligations (RPO): The sum of total short-term, long-term, and unbilled deferred revenue. Current remaining performance obligations is the amount of revenue we expect to recognize in the next twelve months. Solution Provider : Solution Provider is the name of our channel partners who primarily serve our new transaction model customers worldwide. Solution Providers may also be resellers in relation to Autodesk solutions. Spend : The sum of cost of revenue and operating expenses. Subscription Plan: Comprises our term-based product subscriptions, cloud service offerings, and EBAs. Subscriptions represent a combined hybrid offering of desktop software and cloud functionality which provides a device-independent, collaborative design workflow for designers and their stakeholders. With subscription, customers can use our software anytime, anywhere, and get access to the latest updates to previous versions. Subscription Revenue: Includes our cloud-enabled term-based product subscriptions, cloud service offerings, and flexible EBAs. Unbilled Deferred Revenue: Unbilled deferred revenue represents contractually stated or committed orders under early renewal and multi-year billing plans for subscription, services, and maintenance for which the associated deferred revenue has not been recognized. Under FASB Accounting Standards Codification ("ASC") Topic 606, unbilled deferred revenue is not included as a receivable or deferred revenue on our Condensed Consolidated Balance Sheet. Safe Harbor Statement This press release contains forward-looking statements that involve risks and uncertainties, including quotations from management, statements in the paragraphs under "Business Outlook" above statements about our short-term and long-term goals, statements regarding our strategies, market and product positions, performance and results, and all statements that are not historical facts. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: our strategy to develop and introduce new products and services and to move to platforms and capabilities, exposing us to risks such as limited customer acceptance (both new and existing customers), costs related to product defects, and large expenditures; global economic and political conditions, including changes in monetary and fiscal policy, foreign exchange headwinds, recessionary fears, supply chain disruptions, resulting inflationary pressures and hiring conditions; geopolitical tension and armed conflicts, and extreme weather events; costs and challenges associated with strategic acquisitions and investments; our ability to successfully implement and expand our transaction model; dependency on international revenue and operations, exposing us to significant international regulatory, economic, intellectual property, collections, currency exchange rate, taxation, political, and other risks, including risks related to the war against Ukraine launched by Russia and our exit from Russia and the current conflict between Israel and Hamas; inability to predict subscription renewal rates and their impact on our future revenue and operating results; existing and increased competition and rapidly evolving technological changes; fluctuation of our financial results, key metrics and other operating metrics; our transition from up front to annual billings for multi-year contracts; deriving a substantial portion of our net revenue from a small number of solutions, including our AutoCAD-based software products and collections; any failure to successfully execute and manage initiatives to realign or introduce new business and sales initiatives, including our new transaction model for Flex; net revenue, billings, earnings, cash flow, or new or existing subscriptions shortfalls; social and ethical issues relating to the use of artificial intelligence in our offerings; our ability to maintain security levels and service performance meeting the expectations of our customers, and the resources and costs required to avoid unanticipated downtime and prevent, detect and remediate performance degradation and security breaches; security incidents or other incidents compromising the integrity of our or our customers' offerings, services, data, or intellectual property; reliance on third parties to provide us with a number of operational and technical services as well as software; our highly complex software, which may contain undetected errors, defects, or vulnerabilities; increasing regulatory focus on privacy issues and expanding laws; governmental export and import controls that could impair our ability to compete in international markets or subject us to liability if we violate the controls; protection of our intellectual property rights and intellectual property infringement claims from others; the government procurement process; fluctuations in currency exchange rates; our debt service obligations; and our investment portfolio consisting of a variety of investment vehicles that are subject to interest rate trends, market volatility, and other economic factors. Our estimates as to tax rate are based on current interpretations of existing tax law and could be affected by changing interpretations, further guidance, and additional tax legislation. Further information on potential factors that could affect the financial results of Autodesk are included in Autodesk's Form 10-K and subsequent Forms 10-Q, which are on file with the U.S. Securities and Exchange Commission. Autodesk disclaims any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made. About Autodesk The world's designers, engineers, builders, and creators trust Autodesk to help them design and make anything. From the buildings we live and work in, to the cars we drive and the bridges we drive over. From the products we use and rely on, to the movies and games that inspire us. Autodesk's Design and Make Platform unlocks the power of data to accelerate insights and automate processes, empowering our customers with the technology to create the world around us and deliver better outcomes for their business and the planet. For more information, visit autodesk.com or follow @autodesk. #MakeAnything Autodesk uses its investors.autodesk.com website as a means of disclosing material non-public information, announcing upcoming investor conferences and for complying with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website in addition to following our press releases, SEC filings and public conference calls and webcasts. Autodesk, AutoCAD, AutoCAD LT, BIM 360 and Fusion 360 are trademarks of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. All other brand names, product names or trademarks belong to their respective holders. Autodesk reserves the right to alter product and service offerings, and specifications and pricing at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document. © 2024 Autodesk, Inc. All rights reserved.GDV Stock Touches 52-Week High at $25.36 Amid Investor Optimism
HALIFAX - Nova Scotia Premier Tim Houston named an expanded 21-member cabinet Thursday during a ceremony in downtown Halifax that excluded reporters in a departure from a long-standing tradition of open coverage. Read this article for free: Already have an account? To continue reading, please subscribe: * HALIFAX - Nova Scotia Premier Tim Houston named an expanded 21-member cabinet Thursday during a ceremony in downtown Halifax that excluded reporters in a departure from a long-standing tradition of open coverage. Read unlimited articles for free today: Already have an account? HALIFAX – Nova Scotia Premier Tim Houston named an expanded 21-member cabinet Thursday during a ceremony in downtown Halifax that excluded reporters in a departure from a long-standing tradition of open coverage. In an address that was livestreamed, Houston said his newly re-elected government would continue to deal with issues that matter to Nova Scotians, including health care, housing and affordability. “This term will also be very focused on growing our economy and continuing to lower taxes,” the premier said. “We have to grow our economy to be better able to support the services that Nova Scotians have a right to expect.” Before the election, in which the Tories won 43 of the legislature’s 55 seats, Houston led a 17-member cabinet. The government allowed only one television outlet to have a pool camera at the ceremony held at the Halifax Convention Centre, citing “limited capacity” inside the building that occupies a full city block. Journalists who tried to enter Thursday were turned away by building security. Houston was asked by reporters as he arrived why the media were not being given access to the new cabinet members. “It’s all live streamed ... It’s a really exciting day, you guys have lots of access, and you guys know that,” he said. Reporters were allowed to attend the swearing-in ceremony held at the same venue after the Tories were first elected in 2021, although it was during the COVID-19 pandemic and they were placed in a separate room to monitor the event before interviewing ministers. In the new cabinet, Houston will be joined by veterans John Lohr, who becomes finance minister, Becky Druhan, who moves from education to justice, and Michelle Thompson, who continues as minister of health. There are five new members, including political newcomer Leah Martin as minister of Communications Nova Scotia and L’ nu affairs and Fred Tilley, a former Liberal who crossed the floor just before the Nov. 26 election and becomes minister of public works. The other new ministers are Dave Ritcey in the tourism portfolio, Nolan Young, who is minister of labour, and Scott Armstrong as minister of opportunities and social development — formerly the Department of Community Services. In another departmental change, veteran minister Colton LeBlanc will head the new Department of Growth and Development, which was formerly known as economic development and will now also oversee housing. Composed of 14 men and seven women, the cabinet will see Barbara Adams return as minister of seniors and long-term care and serve as deputy premier. Tim Halman retains the environment portfolio and Tory Rushton stays on in natural resources, while Kim Masland moves from public works to the Department of Emergency Management. The former community services minister, Brendan Maguire, takes over education and also assumes the duties of advanced education from Brian Wong, who was dropped from cabinet along with Susan Corkum-Greek, the former minister of economic development. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. Alex Marland, a political scientist at Acadia University, said the government could have found room for reporters had it wanted to. “This isn’t a new government, so there are some experienced hands who at a minimum could have been made available,” Marland said. He added that in general, there are governments that feel the need to control their message, and that also tend to be cautious with newer ministers who lack media training. “If this is a pattern and it persists, that’s going to be a problem for the Houston government,” he said. “But if this is a one off and by January things are a little different because people have gone through media training, then a lot of it will be forgotten.” This report by The Canadian Press was first published Dec. 12, 2024. — With files from Lyndsay Armstrong Advertisement Advertisement
NoneEmpowered Funds LLC grew its holdings in shares of DaVita Inc. ( NYSE:DVA – Free Report ) by 25.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,824 shares of the company’s stock after buying an additional 1,187 shares during the quarter. Empowered Funds LLC’s holdings in DaVita were worth $955,000 at the end of the most recent reporting period. Several other hedge funds have also recently made changes to their positions in the business. Bessemer Group Inc. raised its position in DaVita by 2,335.6% in the 1st quarter. Bessemer Group Inc. now owns 10,741 shares of the company’s stock worth $1,483,000 after purchasing an additional 10,300 shares during the period. CANADA LIFE ASSURANCE Co raised its position in DaVita by 31.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 63,066 shares of the company’s stock worth $8,709,000 after purchasing an additional 15,189 shares during the period. Pitcairn Co. purchased a new stake in DaVita in the 1st quarter worth about $264,000. Natixis purchased a new stake in DaVita in the 1st quarter worth about $708,000. Finally, CreativeOne Wealth LLC purchased a new stake in DaVita in the 1st quarter worth about $387,000. 90.12% of the stock is currently owned by hedge funds and other institutional investors. DaVita Price Performance NYSE DVA opened at $165.51 on Friday. DaVita Inc. has a 52-week low of $98.26 and a 52-week high of $168.50. The firm’s 50 day moving average price is $158.31 and its 200-day moving average price is $148.29. The company has a debt-to-equity ratio of 15.78, a quick ratio of 1.33 and a current ratio of 1.37. The company has a market cap of $13.57 billion, a PE ratio of 17.85, a P/E/G ratio of 0.89 and a beta of 0.89. Insiders Place Their Bets In other DaVita news, CFO Joel Ackerman sold 64,029 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $155.06, for a total value of $9,928,336.74. Following the completion of the transaction, the chief financial officer now owns 111,481 shares of the company’s stock, valued at approximately $17,286,243.86. This trade represents a 36.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website . Also, CEO Javier Rodriguez sold 50,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.05, for a total transaction of $8,252,500.00. Following the completion of the transaction, the chief executive officer now directly owns 837,835 shares of the company’s stock, valued at approximately $138,284,666.75. This represents a 5.63 % decrease in their position. The disclosure for this sale can be found here . Over the last quarter, insiders sold 156,086 shares of company stock valued at $24,807,161. Insiders own 2.00% of the company’s stock. Analysts Set New Price Targets DVA has been the topic of a number of recent analyst reports. Bank of America increased their price objective on shares of DaVita from $139.00 to $145.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 7th. UBS Group upped their target price on shares of DaVita from $169.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Barclays upped their target price on shares of DaVita from $150.00 to $164.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Finally, Truist Financial upped their target price on shares of DaVita from $165.00 to $175.00 and gave the stock a “hold” rating in a research note on Monday, October 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $161.80. Check Out Our Latest Research Report on DVA About DaVita ( Free Report ) DaVita Inc provides kidney dialysis services for patients suffering from chronic kidney failure in the United States. The company operates kidney dialysis centers and provides related lab services in outpatient dialysis centers. It also offers outpatient, hospital inpatient, and home-based hemodialysis services; operates clinical laboratories that provide routine laboratory tests for dialysis and other physician-prescribed laboratory tests for ESRD patients; and management and administrative services to outpatient dialysis centers. Further Reading Want to see what other hedge funds are holding DVA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DaVita Inc. ( NYSE:DVA – Free Report ). Receive News & Ratings for DaVita Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DaVita and related companies with MarketBeat.com's FREE daily email newsletter .Innocan Pharma Announces Encouraging Results from a Safety Assessment Study of LPT-CBD on Minipigs
State Treasury chief of staff credits Tennessee Tech for road to success
The world's most climate-imperilled nations stormed out of consultations in protest at the deadlocked UN COP29 conference Saturday, as simmering tensions over a hard-fought finance deal erupted into the open. Diplomats from small island nations threatened by rising seas and impoverished African states angrily filed out of a meeting with summit hosts Azerbaijan over a final deal being thrashed out in a Baku sports stadium. "We've just walked out. We came here to this COP for a fair deal. We feel that we haven't been heard," said Cedric Schuster, the Samoan chairman of the Alliance of Small Island States (AOSIS). An unpublished version of the final text circulating in Baku, and seen by AFP, proposes that rich nations raise to $300 billion a year by 2035 their commitment to poorer countries to fight climate change. COP29 hosts Azerbaijan intended to put a final draft before 198 nations for adoption or rejection on Saturday evening, a full day after the marathon summit officially ended. But, in a statement, AOSIS said it had "removed" itself from the climate finance discussions, demanding an "inclusive" process. "If this cannot be the case, it becomes very difficult for us to continue our involvement here at COP29," it said. Sierra Leone's climate minister Jiwoh Abdulai, whose country is among the world's poorest, said the draft was "effectively a suicide pact for the rest of the world". An earlier offer from rich nations of $250 billion was slammed as offensively low by developing countries, who have demanded much higher sums to build resilience against climate change and cut emissions. UK Energy Secretary Ed Miliband said the revised offer of $300 billion was "a significant scaling up" of the existing pledge by developed nations, which also count the United States, European Union and Japan among their ranks. At sunset, a final text still proved elusive, as harried diplomats ran to-and-fro in the stadium near the Caspian Sea searching for common ground. "Hopefully this is the storm before the calm," said US climate envoy John Podesta in the corridors as somebody shouted "shame" in his direction. Earlier, the EU's climate commissioner Wopke Hoekstra said negotiators were not out of the woods yet. "We're doing everything we can on each of the axes to build bridges and to make this into a success. But it is iffy whether we will succeed," he said. Ali Mohamed, the Kenyan chair of the African Group of Negotiators, told AFP: "No deal is better than a bad deal." South African environment minister Dion George, however, said: "I think being ambitious at this point is not going to be very useful." "What we are not up for is going backwards or standing still," he said. "We might as well just have stayed at home then." The revised offer from rich countries came with conditions in other parts of the broader climate deal under discussion in Azerbaijan. The EU in particular wants an annual review on global efforts to phase out fossil fuels, which are the main drivers of global warming. This has run into opposition from Saudi Arabia, which has sought to water down a landmark pledge to transition away from oil, gas and coal made at COP28 last year. "We will not allow the most vulnerable, especially the small island states, to be ripped off by the new, few rich fossil fuel emitters," said German Foreign Minister Annalena Baerbock. Wealthy nations counter that it is politically unrealistic to expect more in direct government funding. The US earlier this month elected former president Donald Trump, a sceptic of both climate change and foreign assistance, and a number of other Western countries have seen right-wing backlashes against the green agenda. A coalition of more than 300 activist groups accused historic polluters most responsible for climate change of skirting their obligation, and urged developing nations to stand firm. The draft deal posits a larger overall target of $1.3 trillion per year to cope with rising temperatures and disasters, but most would come from private sources. Even $300 billion would be a step up from the $100 billion now provided by wealthy nations under a commitment set to expire. A group of developing countries had demanded at least $500 billion, with some saying that increases were less than met the eye due to inflation. Experts commissioned by the United Nations to assess the needs of developing countries said $250 billion was "too low" and by 2035 rich nations should be providing at least $390 billion. The US and EU have wanted newly wealthy emerging economies like China -- the world's largest emitter -- to chip in. China, which remains classified as a developing nation under the UN framework, provides climate assistance but wants to keep doing so on its own voluntary terms. bur-np-sct/lth/givHow did Bill Belichick end up in college football? As Belichick tells it, college football ended up in him. “College kind of came to me this year,” Belichick said during his introductory press conference at North Carolina. “I didn’t necessarily go and seek it out. But I had many coaches, I mean, probably a couple of dozen coaches, talk to me and say, ‘Hey, can we sit down and talk to you about these things?’ The let’s call it salary cap of pro football relative to college football, the headsets, the green dot, the two-minute warning, the tablets on the sideline. Those were all rules changes this year in college football that were either the same or similar to what we had in the NFL. And these coaches said, ‘Hey, coach, can we just talk to you about how you did this, how you did that? What, you know, how did you use this? How did you handle the, you know — talking about the two-minute [warning], how did that . . . affect your strategy at the end of the half, the end of the game? How did you look at it? How did you break it down?’” Belichick said that, as the conversations happened with coaches in the ACC, Big 10, SEC, and others, he became more aware of the issues in college football. Which basically turned the supposed effort to pick Belichick’s brain into Belichick’s brain being loaded up with information about college football. It’s an interesting way to conceal the possibility that Belichick wasn’t simply making him available as a resource. That he was affirmatively looking for information from all of these coaches, knowing full well he might use it against them, directly in head-to-head games and less directly in recruiting. His characterization might even be aimed at spinning his effort to learn the sausage recipe into a symbiotic gesture that resulted in both backs being scratched. Regardless, if the college coaches who approached Belichick (or were approached by him) had any idea he was thinking about coaching at the college level, they would have at a minimum been more guarded about what they said to him. At most, they wouldn’t have even talked to him.Washington state Gov.-elect Bob Ferguson on Thursday named a veteran budget writer and policy analyst to serve as his director of the Office of Financial Management. K.D. Chapman-See, the agency’s current legislative affairs liaison, will be the point person helping Ferguson fashion his first state spending plan in the shadow of a potential multi-billion dollar budget deficit. Also Thursday, Ferguson started his search for new leaders of nine state agencies, including the departments of transportation, corrections, social and health services and ecology. Current directors of most of those agencies have already announced plans to step down or retire. With Chapman-See, Ferguson tapped a skilled and respected analyst with experience in the executive and legislative branches of Washington state government. Before joining Gov. Jay Inslee’s budget office, she worked more than a decade in the state House of Representatives as a policy director and as a senior analyst for operating budget and tax policy for the House Democratic Caucus, according to Ferguson’s transition team. “K.D. brings tremendous talent and expertise to this critical position in state government,” Ferguson said in a statement. “She understands the budget challenges facing the state, and I look forward to working with her to deliver efficient, effective government.” Those budget challenges will be significant as Ferguson begins his term. State tax revenues are not keeping pace with the rising costs of current and promised programs. Inslee and his budget director, Pat Sullivan, have warned the gap is around $12 billion over the next four-plus fiscal years and directed state agencies to identify potential cuts . Some ideas for what to trim may wind up in Inslee’s proposed budget for the 2025-27 biennium. So too may some ideas for raising additional revenue. The budget proposal is due out in mid-December and will be a template for Ferguson and state lawmakers when they craft final budgets in the 2025 legislative session. While Ferguson has not commented publicly about the state’s budget situation, Democratic legislators have said they expect to consider spending reductions and new revenue sources to erase the shortfall. Chapman-See will assume her new role on Jan. 15 and be part of Ferguson’s executive leadership team . She will succeed Sullivan, a former state lawmaker who was appointed director of the Office of Financial Management in July when David Schumacher, Inslee’s longtime budget director, departed. “I am deeply grateful to Pat Sullivan for his leadership during this challenging time as he develops Governor Inslee’s final budget,” Ferguson said. “He is an outstanding public servant who puts the needs of Washingtonians first.” Other agencies where Ferguson said he intends to hire new leaders include the Department of Children, Youth and Families, Department of Enterprise Services, the Health Care Authority, and Governor’s Office of Indian Affairs. Directors of all but transportation and enterprise services had previously said they would be leaving. Enterprise services manages state buildings and vehicle fleets, among other responsibilities. Secretary of Transportation Roger Millar told the Washington State Standard in a recent interview that he hoped to stay on in the new administration. He informed Department of Transportation employees Thursday afternoon that his last day will be Jan. 15. “Leading this agency has been a true highlight of my life personally and professionally,” he wrote in an email. “Because of you WSDOT is one of the most innovative, effective and consequential departments of transportation in the world.” In the release, Ferguson said he is evaluating the leadership of other cabinet agencies and will provide an update next week. Those interested in applying for a leadership position or serving on a board or commission can do so online through a newly launched web portal . The Washington State Standard is a nonprofit, nonpartisan news outlet that provides original reporting, analysis and commentary on Washington state government and politics. We seek to keep you informed about Washington’s most pressing issues, the decisions elected leaders are making, how they are spending tax dollars and who is influencing public policy. We’re part of States Newsroom, the nation’s largest state-focused nonprofit news organization.