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The S&P 500 rose 0.2% from its all-time high set on Friday to post a record for the 54th time this year. The Dow Jones Industrial Average fell 128 points, or 0.3%, while the Nasdaq composite gained 1%. Super Micro Computer, a stock that’s been on an AI-driven roller coaster, soared 28.7% to lead the market. Following allegations of misconduct and the resignation of its public auditor , the maker of servers used in artificial-intelligence technology said an investigation found no evidence of misconduct by its management or by the company’s board. It also said that it doesn’t expect to restate its past financials and that it will find a new chief financial officer, appoint a general counsel and make other moves to strengthen its governance. Big Tech stocks also helped prop up the market. Gains of 1.8% for Microsoft and 3.2% for Meta Platforms were the two strongest forces pushing upward on the S&P 500. Intel was another propellant during the morning, but it lost an early gain to fall 0.5% after the chip company said CEO Pat Gelsinger has retired and stepped down from the board. Intel is looking for Gelsinger’s replacement, and its chair said it’s “committed to restoring investor confidence.” Intel recently lost its spot in the Dow Jones Industrial Average to Nvidia, which has skyrocketed in Wall Street’s frenzy around AI. Stellantis, meanwhile, skidded following the announcement of its CEO’s departure . Carlos Tavares steps down after nearly four years in the top spot of the automaker, which owns car brands like Jeep, Citroën and Ram, amid an ongoing struggle with slumping sales and an inventory backlog at dealerships. The world’s fourth-largest automaker’s stock fell 6.3% in Milan. The majority of stocks in the S&P 500 likewise fell, including California utility PG&E. It dropped 5% after saying it would sell $2.4 billion of stock and preferred shares to raise cash. Retailers were mixed amid what’s expected to be the best Cyber Monday on record and coming off Black Friday . Target, which recently gave a forecast for the holiday season that left investors discouraged , fell 1.2%. Walmart , which gave a more optimistic forecast, rose 0.2%. Amazon, which looks to benefit from online sales from Cyber Monday, climbed 1.4%. All told, the S&P 500 added 14.77 points to 6,047.15. The Dow fell 128.65 to 44,782.00, and the Nasdaq composite climbed 185.78 to 19,403.95. The stock market largely took Donald Trump’s latest threat on tariffs in stride. The president-elect on Saturday threatened 100% tariffs against a group of developing economies if they act to undermine the U.S. dollar. Trump said he wants the group, headlined by Brazil, Russia, India and China, to promise it won’t create a new currency or otherwise try to undercut the U.S. dollar. The dollar has long been the currency of choice for global trade. Speculation has also been around a long time that other currencies could knock it off its mantle, but no contender has come close. The U.S. dollar’s value rose Monday against several other currencies, but one of its strongest moves likely had less to do with the tariff threats. The euro fell amid a political battle in Paris over the French government’s budget . The euro sank 0.7% against the U.S. dollar and broke below $1.05. In the bond market, Treasury yields gave up early gains to hold relatively steady. The yield on the 10-year Treasury climbed above 4.23% during the morning before falling back to 4.19%. That was just above its level of 4.18% late Friday. A report in the morning showed the U.S. manufacturing sector contracted again last month, but not by as much as economists expected. This upcoming week will bring several big updates on the job market, including the October job openings report, weekly unemployment benefits data and the all-important November jobs report. They could steer the next moves for Federal Reserve, which recently began pulling interest rates lower to give support to the economy. Economists expect Friday’s headliner report to show U.S. employers accelerated their hiring in November, coming off October’s lackluster growth that was hampered by damaging hurricanes and strikes. “We now find ourselves in the middle of this Goldilocks zone, where economic health supports earnings growth while remaining weak enough to justify potential Fed rate cuts,” according to Mark Hackett, chief of investment research at Nationwide. In financial markets abroad, Chinese stocks led gains worldwide as monthly surveys showed improving conditions for manufacturing, partly driven by a surge in orders ahead of Trump’s inauguration next month. Both official and private sector surveys of factory managers showed strong new orders and export orders, possibly partly linked to efforts by importers in the U.S. to beat potential tariff hikes by Trump once he takes office. Indexes rose 0.7% in Hong Kong and 1.1% in Shanghai. AP Business Writers Matt Ott and Elaine Kurtenbach contributed.
During the presidential campaign, Donald Trump pitched an idea to quickly reduce the number of tents on the nation’s streets: Offer up other places for people to camp. He’d start with a big plot of land. Then his team would hire social workers, psychiatrists and other medical staff which together could “create tent cities where the homeless can be relocated,” he said last year in a video . Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
Mike McDaniel stepped in to keep Dolphins from trading veteran DT Calais Campbell to RavensFury as boss of Keir Starmer's 'viper's nest' union - the GMB - 'bullied and harassed' female staffers and even told one: 'We've got better lawyers than you' By IZZY LYONS and TOM KELLY Published: 17:00 EST, 24 November 2024 | Updated: 17:05 EST, 24 November 2024 e-mail View comments The head of Sir Keir Starmer ’s union is embroiled in allegations of harassing and bullying women. Former senior officials claim the GMB – one of Labour’s biggest backers which boasts the Prime Minister among its 500,000-plus members – is a ‘vipers’ nest’, and workers’ subs are ‘used like confetti’ to fight complaints. General secretary Gary Smith, who endorsed Sir Keir for PM, was allowed to run for the role despite four counts of bullying and harassment against a female union rep being upheld in their entirety by an internal GMB investigation in 2020. After securing the £148,000-a-year job, Mr Smith was secretly recorded warning a female employee ‘we’ve got better lawyers than you’ after she brought a sexual harassment claim against another official. Mr Smith admitted that the man the woman had complained about was ‘a scumbag who abused you’, but added: ‘Once you get into a fight with a big organisation, yep, we are going to come out swinging, and we’ve got better lawyers than you, and they’ll be more expensive. That’s just what happens. ‘You put a gun on the table... people just start shooting back.’ The woman signed a settlement agreement with a confidentiality clause before eventually leaving the union. ‘[They] crush anyone who tries to speak up,’ she said. The GMB says Mr Smith’s comments in the recording were taken out of context and that an independent barrister investigated the employee’s experience and found she was ‘politically motivated’ against Mr Smith. GMB head Gary Smith has been accused of harassing and bullying female staff members in the union Sir Keir Starmer with GMB general secretary Gary Smith at the Union's 2023 congress. Details of the PM's membership of the union emerged in the list of ministers' interests published this month Details of Sir Keir’s membership of the GMB emerged in the list of ministers’ interests published this month. It’s not clear why the former human rights lawyer joined the general industry union, but it is likely a nod to his late father’s factory job as a tool-maker. The GMB, which donates more than £1 million to Labour every year, is the UK’s third-biggest union with members from a wide range of industries, including the NHS, social care, retail, schools and local government. Many are in low-paid jobs. The Mail has spoken to numerous former and current GMB workers who likened the union to an ‘old men’s club’. Anne Chandler, an official who claimed she was forced out in 2022 after 25 years, said the GMB was ‘riddled with sexism’. Ms Chandler, 69, lodged a bullying complaint in 2021 against two male colleagues who hatched a ‘wholly inappropriate’ plan to sack her. Her complaint was upheld. The probe found that the two senior male figures told Ms Chandler’s new boss: ‘Your first job will be to sack Anne Chandler.’ In a letter to Ms Chandler, the regional GMB secretary who carried out the investigation admitted: ‘The fact that the two senior organisers are men seeking to influence a third male senior organiser against a woman officer colleague is deeply concerning.’ The two men were disciplined but remain working in the GMB. Ms Chandler said she felt like she had no option but to retire five years earlier than planned, adding: ‘In the end, the pressure became so bad... I just bit the bullet and said, I can’t do this any more. The whole process of the bullying was dreadful, and I’ve witnessed bullying and harassment throughout the organisation.’ Anne Chandler, 69, an official who claimed she was forced out in 2022 after 25 years, said the GMB was ‘riddled with sexism’ A GMB union stand set up during industrial action outside an Amazon warehouse in Coventry in March A female rep in the GMB, who asked to remain anonymous out of fear of repercussions, said the union was full of ‘scared people’ who were ‘frightened of being suspended if they say anything’. Another, who has worked in the union movement for three decades, said: ‘The amount of fear from people is just horrible.’ Our shocking exposé comes after a damning 2020 report into the GMB concluded that ‘bullying, misogyny, cronyism, and sexual harassment were endemic’, and branded the union ‘institutionally sexist’. Karon Monaghan KC’s investigation found the GMB was a ‘hostile environment’ for women and said a ‘complete transformation’ in culture and practices was required. When Mr Smith was elected general secretary in 2021, he promised to implement the recommendations of the Monaghan Report in full and was even described as its ‘moral compass’. But members say the situation is worse under him. Paul Maloney, a former regional secretary who worked for the union for 40 years, hit out at Labour’s close affiliation with the GMB. He said: ‘It’s not very ethical that [Labour] are saying we stand for what’s right, and yet we take money from an organisation that will keep doing wrong from within and punishing women.’ A current female rep criticised the use of expensive lawyers such as top firm Carter-Ruck. ‘My members are paying for that,’ she said. ‘They are cleaners and low-paid workers – why should they be paying for Carter-Ruck?’ A spokesman for the GMB said: ‘We categorically deny claims of a bullying culture and do not recognise our union in the accounts of these former members of staff. ‘We now have clear, comprehensive and transparent procedures to fully investigate and effectively deal with any allegation of bullying, sexism or harassment. ‘We do not use non-disclosure agreements and staff leaving the organisation are asked to sign standard settlement agreements, similar to those used by virtually every organisation across the public and private sectors. ‘It is untrue to suggest Anne Chandler was compelled to leave GMB after she chose to retire two years ago. She voluntarily chose to withdraw complaints raised at an Employment Tribunal and has taken no further action.’ Mr Smith and the Labour Party were approached for comment but did not respond. Labour Keir Starmer Share or comment on this article: Fury as boss of Keir Starmer's 'viper's nest' union - the GMB - 'bullied and harassed' female staffers and even told one: 'We've got better lawyers than you' e-mail Add comment
Avid Bioservices Reports Financial Results for Second Quarter Ended October 31, 2024The Sweden midfielder hailed Saturday’s 4-0 thrashing of the champions as the best game of his career. The 24-year-old delivered an outstanding performance as Spurs shattered the champions’ 52-game unbeaten home run, helping start the rout with a superb cross for James Maddison’s opening goal. Kulusevski said: “I believed (we would win) this because in the past years, we’ve come here and played really well. “So this is the game I look forward to most in the year and, once again, it happened – glory to God. “I’d say it’s the best result ever in my career. It’s a big night for the whole club, for the coach, for the players. “Because City have a lot of the ball sometimes, we can rest when we defend. There’s also so much space up there, we play one against one and then it’s always dangerous because we have a lot of quality. “It’s always great to play great teams because they always want to play football. When you play lower teams, sometimes it’s not. There’s not much football played because they are a lot of fouls, a lot of injuries and it’s slow going.” Maddison stole the show with two goals in quick succession in the first half while Pedro Porro and Brennan Johnson later got on the scoresheet. Kulu-chef-ski cooked 👨🍳 📊 @KumhoTyreUK pic.twitter.com/CsrTh5oUgn — Tottenham Hotspur (@SpursOfficial) November 24, 2024 Yet Kulusevski’s performance was also eye-catching and the player himself believes there is plenty more to come from him. Asked if his form made him feel “unstoppable”, Kulusevski said: “I feel like that. I feel very good and I’m trying to keep this way. I’m very happy, I’m trying to improve. “I started the season good but there is over half of the season left and I hope I can do much better. “I think I have something that no other player has. With my engine, with my heart – I don’t get tired – I feel like I can do a lot still in my career.” Spurs have won more matches against Pep Guardiola's Man City than any other side 👀 pic.twitter.com/BHLZqde9sP — Premier League (@premierleague) November 23, 2024 Tottenham’s scintillating performance marked a spectacular return to form after their dismal loss to Ipswich in their previous Premier League outing. Kulusevski said: “We have to be much more consistent. It’s not a turning point. We just have to be better in other games. “This game suited us perfectly but we have a lot of improvement to make in the other games.”NEW YORK (AP) — U.S. stock indexes drifted lower in the runup to the highlight of the week for the market, the latest update on inflation. The S&P 500 slipped 0.3% Tuesday and marked its first back-to-back losses in three weeks. The Dow Jones Industrial Average fell 0.3%, and the Nasdaq composite also fell 0.3%. Oracle dragged on the market after reporting weaker growth than analysts expected. Treasury yields rose in the bond market ahead of Wednesday’s inflation report, which will be among the final big pieces of data before the Federal Reserve’s meeting on interest rates next week. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — U.S. stock indexes are drifting lower Tuesday in the runup to the highlight of the week for the market, the latest update on inflation that’s coming on Wednesday. The S&P 500 dipped by 0.2% in late trading, a day after pulling back from its latest all-time high . The index is on track for its first back-to-back losses in more than three weeks, as momentum slows following a big rally that has it on track for one of its best years of the millennium . The Dow Jones Industrial Average was down by 7 points, or less than 0.1%, with roughly an hour remaining in trading, and the Nasdaq composite fell 0.3%. Tech titan Oracle dragged on the market and sank 7.8% after reporting growth for the latest quarter that fell just short of analysts’ expectations. It was one of the heaviest weights on the S&P 500, even though CEO Safra Catz said the company saw record demand related to artificial-intelligence technology for its cloud infrastructure business, which trains generative AI models. AI has been a big source of growth that’s helped many companies’ stock prices skyrocket. Oracle’s stock had already leaped nearly 81% for the year coming into Tuesday, which raised the bar of expectations for its profit report. C3.ai fell 2.1% despite reporting a smaller loss for the latest quarter than analysts expected. The AI software company increased its forecast for how big a loss it expects to take this fiscal year from its operations. In the bond market, Treasury yields ticked higher ahead of Wednesday’s report on the inflation that U.S. consumers are feeling. Economists expect it to show roughly similar increases as the month before. That and a report on Thursday about inflation at the wholesale level will be the final big pieces of data the Federal Reserve will get before its meeting next week, where many investors expect the year’s third cut to interest rates . The Fed has been easing its main interest rate from a two-decade high since September to lift the slowing jobs market, after bringing inflation nearly down to its 2% target. Lower rates would help give support to the economy, but they could also provide more fuel for inflation. The yield on the 10-year Treasury rose to 4.22% from 4.20% late Monday. Even though the Fed has been cutting its main interest rate, mortgage rates have been more stubborn and have been volatile since the autumn. That has hampered the housing industry, and homebuilder Toll Brothers’ stock fell 5.2% even though it beat analysts’ expectations for profit and revenue in the latest quarter. CEO Douglas Yearley Jr. said the luxury builder has been seeing strong demand since the start of its fiscal year six weeks ago, an encouraging signal as it approaches the beginning of the spring selling season in mid-January Elsewhere on Wall Street, Alaska Air Group soared 13.6% after raising its forecast for profit in the current quarter. The airline said demand for flying around the holidays has been stronger than expected. It also approved a plan to buy back up to $1 billion of its stock, along with new service from Seattle to Tokyo and Seoul . Boeing climbed 5.2% after saying it's resuming production of its bestselling plane , the 737 Max, for the first time since 33,000 workers began a seven-week strike that ended in early November. Vail Resorts rose 2.7% after the ski resort operator reported a narrower first-quarter loss than expected in what is traditionally its worst quarter. In stock markets abroad, indexes were mixed in China after the world’s second-largest economy said its exports rose by less than expected in November. Stocks rose 0.6% in Shanghai but fell 0.5% in Hong Kong. ___ AP Business Writers Matt Ott and Elaine Kurtenbach contributed. Stan Choe, The Associated Press
Trump's TikTok love raises stakes in battle over app's fateBaltimore quarterback Lamar Jackson, the reigning NFL Most Valuable Player, leads fan balloting for the 2025 NFL Pro Bowl Games after one week of voting, the league announced on Monday. Ravens superstar Jackson set the overall pace with 44,681 votes followed by teammate Derrick Henry, the running back leader, in second overall at 40,729 votes.
Pingcap Awarded Two 2024 AWS Partner Awards
Assad exit puts US at perilous crossroads in SyriaFOSTER CITY, Calif., Dec. 10, 2024 (GLOBE NEWSWIRE) -- Apollomics Inc. (Nasdaq: APLM) (the “Company”), a clinical-stage biopharmaceutical company developing medicines to address difficult-to-treat cancers, today announced that on December 10, 2024, it received a notification (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company has regained compliance with the requirement to maintain a minimum closing bid price of $1.00 per share, as set forth in Nasdaq Rule 5550(a)(2) (the “Bid Price Requirement”), and Nasdaq has determined to continue the listing of the Company’s Class A ordinary shares (“Class A Ordinary Shares”) on the Nasdaq Capital Market under the symbol “APLM.” On December 10, 2024, Nasdaq confirmed that for the ten consecutive business days from November 25, 2024 to December 9, 2024, the closing bid price of the Company’s Class A Ordinary Shares was at $1.00 per share or greater. Accordingly, the Company has regained compliance with the Nasdaq Bid Price Requirement and the matter is closed. About Apollomics Inc. Apollomics Inc. is an innovative clinical-stage biopharmaceutical company focused on the discovery and development of oncology therapies with the potential to be combined with other treatment options to harness the immune system and target specific molecular pathways to inhibit cancer. Apollomics’ lead program is vebreltinib (APL-101), a potent, selective c-Met inhibitor for the treatment of non-small cell lung cancer and other advanced tumors with c-Met alterations, which is currently in a Phase 2 multicohort clinical trial in the United States and over 10 other countries. For more information, please visit www.apollomicsinc.com . Cautionary Statement Regarding Forward-Looking Statements This press release includes statements that constitute “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements, other than statements of present or historical fact included in this press release, regarding the Company’s strategy, prospects, plans and objectives are forward-looking statements. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Apollomics cautions you that these forward-looking statements are subject to numerous risks and uncertainties, including but not limited to, the Company’s ability to maintain compliance with any of the other Nasdaq continued listing requirements, most of which are difficult to predict and many of which are beyond the control of Apollomics. In addition, Apollomics cautions you that the forward-looking statements contained in this press release are subject to unknown risks, uncertainties and other factors, including: (i) the impact of any current or new government regulations in the United States and China affecting Apollomics’ operations and the continued listing of Apollomics’ securities; (ii) the inability to achieve successful clinical results or to obtain licensing of third-party intellectual property rights for future discovery and development of Apollomics’ oncology projects; (iii) the failure to commercialize product candidates and achieve market acceptance of such product candidates; (iv) the failure to protect Apollomics’ intellectual property; (v) breaches in data security; (vi) the risk that Apollomics may not be able to develop and maintain effective internal controls; (vii) unfavorable changes to the regulatory environment; and (viii) those risks and uncertainties discussed in the Annual Report on Form 20-F for the year ended December 31, 2023, filed by Apollomics Inc. with the U.S. Securities and Exchange Commission (“SEC”) under the heading “Risk Factors” and the other documents filed, or to be filed, by the Company with the SEC. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that Apollomics has filed and will file from time to time with the SEC. These SEC filings are available publicly on the SEC’s website at www.sec.gov . Forward-looking statements speak only as of the date made by the Company. Apollomics undertakes no obligation to update publicly any of its forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. Investor Contact: Eric Ribner LifeSci Advisors, LLC (646) 751-4363 eric@lifesciadvisors.comClemson vs. San Francisco Predictions & Picks: Spread, Total – November 25
A late-game rally derailed by a missed extra point and Cowboys stun Commanders 34-26
Pontiac Shaker Hoods: Which Models Had Them (And Did They Really Increase Power?)FORT LAUDERDALE, Fla. (AP) — Republican senators pushed back on Sunday against criticism from Democrats that Tulsi Gabbard , Donald Trump's pick to lead U.S. intelligence services , is “compromised” by her comments supportive of Russia and secret meetings , as a congresswoman, with Syria’s president, a close ally of the Kremlin and Iran. Sen. Tammy Duckworth, an Illinois Democrat and veteran of combat missions in Iraq, said she had concerns about Tulsi Gabbard, Trump's choice to be director of national intelligence . “I think she’s compromised," Duckworth said on CNN’s “State of the Union," citing Gabbard's 2017 trip to Syria, where she held talks with Syrian President Bashar Assad. Gabbard was a Democratic House member from Hawaii at the time. “The U.S. intelligence community has identified her as having troubling relationships with America’s foes. And so my worry is that she couldn’t pass a background check,” Duckworth said. Gabbard, who said last month she is joining the Republican Party, has served in the Army National Guard for more than two decades. She was deployed to Iraq and Kuwait and, according to the Hawaii National Guard, received a Combat Medical Badge in 2005 for “participation in combat operations under enemy hostile fire in support of Operation Iraqi Freedom III." Duckworth's comments drew immediate backlash from Republicans. “For her to say ridiculous and outright dangerous words like that is wrong," Sen. Markwayne Mullin, a Republican from Oklahoma, said on CNN, challenging Duckworth to retract her words. “That’s the most dangerous thing she could say — is that a United States lieutenant colonel in the United States Army is compromised and is an asset of Russia.” In recent days, other Democrats have accused Gabbard without evidence of being a “Russian asset.” Sen. Elizabeth Warren, a Massachusetts Democrat, has claimed, without offering details, that Gabbard is in Russian President Vladimir “Putin’s pocket.” Mullin and others say the criticism from Democrats is rooted in the fact that Gabbard left their party and has become a Trump ally. Democrats say they worry that Gabbard's selection as national intelligence chief endangers ties with allies and gives Russia a win. Rep. Adam Schiff, a California Democrat just elected to the Senate, said he would not describe Gabbard as a Russian asset, but said she had “very questionable judgment.” “The problem is if our foreign allies don’t trust the head of our intelligence agencies, they’ll stop sharing information with us,” Schiff said on NBC's “Meet the Press.” Gabbard in 2022 endorsed one of Russia’s justifications for invading Ukraine : the existence of dozens of U.S.-funded biolabs working on some of the world’s nastiest pathogens. The labs are part of an international effort to control outbreaks and stop bioweapons, but Moscow claimed Ukraine was using them to create deadly bioweapons. Gabbard said she just voiced concerns about protecting the labs. Gabbard also has suggested that Russia had legitimate security concerns in deciding to invade Ukraine, given its desire to join NATO. Republican Sen. Eric Schmitt of Missouri said he thought it was “totally ridiculous” that Gabbard was being cast as a Russian asset for having different political views. “It’s insulting. It’s a slur, quite frankly. There’s no evidence that she’s a asset of another country,” he said on NBC. Sen. James Lankford, another Oklahoma Republican, acknowledged having “lots of questions” for Gabbard as the Senate considers her nomination to lead the intelligence services. Lankford said on NBC that he wants to ask Gabbard about her meeting with Assad and some of her past comments about Russia. “We want to know what the purpose was and what the direction for that was. As a member of Congress, we want to get a chance to talk about past comments that she’s made and get them into full context,” Lankford said.
Garrett Wilson is frustrated and his future will be a major decision for the next Jets GM, coachA inert grenade gave a West Kelowna family quite the scare the morning of Dec. 23. Candice Loring took to social media around 11 a.m. after her family was evacuated and West Kelowna RCMP investigated the unmarked package. The incident ended quickly after RCMP were able to confirm the delivery was meant for a neighbour and a military paraphernalia collector. The device was not live and had been delivered to the wrong address. Loring has updated her post around 12:30 p.m. to say her family is returning home. The incident took place in the 2000-block of the Old Okanagan Highway.
The Federal Government of Nigeria, through the Ministry of Agriculture and Food Security (FMAFS), and Fundação Getulio Vargas (FGV) of Brazil have signed a Memorandum of Understanding (MoU) to advance private-sector development in fertiliser production, hybrid seed technology, and agricultural finance. A Presidency statement said the MoU was signed on behalf of the government by the Permanent Secretary of FMAFS, Mr. Temitope Fashedemi, and the President of FGV, Professor Carlos Ivan Simonsen Leal, at FGV Headquarters in Rio de Janeiro, Brazil, on the sidelines of the G20 Leaders’ Summit. According to the statement issued by Abiodun Oladunjoye, a Director of Information and Public Relations, on Sunday, the agreement marks a new phase of strategic collaboration between Nigeria and FGV. FGV is the lead implementer of the Green Imperative Project (GIP), one of the largest international agricultural technology transfer initiatives. Conceived in 2018, GIP is a $1.2 billion cooperative effort between Brazil and Nigeria, designed to modernise Nigeria’s agricultural sector through Brazilian expertise in tropical agriculture. Since the MoU was conceived in 2018, both parties have engaged in many meaningful discussions to advance its design and implementation. The project, supported by Deutsche Bank, aims to deliver transformative agricultural technologies and knowledge transfer over its 10-year duration. Over the next five years, the project will identify and support one agribusiness in each of Nigeria’s 774 local government areas with technical and financial resources, driving sustainable development and economic growth. “This partnership paves the way for Brazil to engage with Nigeria’s dynamic and rapidly growing agricultural sector. Together with FGV, we are poised to unlock the potential of private sector investment in key areas critical to our food security,” Fashedemi said at the signing ceremony. Under the MoU, private-sector projects on fertiliser production, hybrid seed technology, and agricultural financing are projected to attract $4.3 billion in private-sector investment. Senior members of Nigeria’s presidency, officials of FMAFS, and FGV’s leadership attended the signing ceremony, the statement added.
In the weeks since Republicans decisively won the White House as well as both chambers of Congress, Democrats and pundits alike have voiced countless theories for their defeat. However, the even more critical question is, where do Democrats go from here? Do Democrats double down on the “resistance” that has defined the party for the better part of a decade? Or do Democrats try a different approach and return to the center in order to win back millions of voters who have abandoned the party? Ever since 2016, the Democratic Party’s platform can almost entirely be defined by one word: resistance. Whatever President-elect Donald Trump supported, Democrats rejected and organized in resistance to, often at the expense of formulating their own competing policies. Now, with the politics of resistance soundly rejected, if Democrats want to remain politically viable, they need to return to the center and develop policies for actual issues. They need a specific agenda to address inflation, create jobs, and better manage the economy. This should include a strong position on border security with a viable pathway to citizenship for migrants already here, instead of the open border advocacy that the resistance wing, led by the progressive “Squad” loudly called for during Trump’s first term. On the economy, Democrats should reject progressives’ preference for overbearing taxes and an expansive welfare state. Instead, moderate Democrats must work with the GOP to achieve less regulations, agree to job-boosting tax cuts, and cutting inflationary yet wasteful government spending. To be clear, the 2024 election exposed the hollowness of resistance politics. Voters made it clear that they want elected officials who will address the actual issues, not those who are defined solely by what – or who – they oppose. Indeed, rather than articulating an agenda to address voters’ concerns about the economy, cost of living, immigration, or crime, Democrats – and Vice President Kamala Harris in particular – almost entirely campaigned on the need to stop Trump, lest his “fascism” destroy our democracy. Yet as we saw, this was a costly mistake. Trump won because voters felt he had actual solutions to kitchen-table issues, and Democrats’ appeals largely fell flat with moderate and swing voters. Put another way, as Brett Stephens noted in the New York Times, adherence to resistance politics “led Democrats astray...It distracted them from the task of developing superior policy responses to the valid public concerns he was addressing.” Fortunately for Democrats, they should look to the past to develop a roadmap for the party’s future. Four decades ago, also in the wake of a devastating election loss – former Vice President Walter Mondale’s in 1984 – Democrats, led by then-Governor Bill Clinton, created the Democratic Leadership Council to bring the party back to the center and push back against the growing influence of the party’s left-wing. The DLC advocated for policies that many leftwing Democrats today would shudder at – balancing the budget, welfare reform, and a tougher stance on crime – but that was what Democrats needed then, and that is what they need now. In that same vein, what made the DLC effective was its focus on commonsense values that appealed to the majority of Americans – smaller government, fiscal responsibility, safe cities, and border security. Comparatively, the resistance playbook seeks to divide Americans via progressive identity politics, promotion of an unpopular “woke” agenda, and a refusal to compromise on solutions to challenges facing all Americans. The fact that Donald Trump won the popular vote with one of – if not the – most racially diverse coalition assembled by a Republican in decades underscores the ineffectiveness of progressives’ resistance platform, as well as its toxicity to the Democratic Party as a whole. To that end, the dangers to Democrats posed by progressive-led resistance politics are backed by the data. Beginning in 2016, progressives have driven Democrats significantly further to the left than the average American voter, risking the overall party’s viability should they continue diverging. An analysis from the Financial Times shows that in the last eight years, Democrats hard left turn on supporting increased immigration has taken them nearly 60-points to the left of the average voter. Related Articles Opinion Columnists | California’s political clout will fade as long as population growth remains slow Opinion Columnists | Here’s to hoping Trump delivers on some of his Libertarian promises Opinion Columnists | Grand DOGE promises of massive cuts to the federal government are unlikely to materialize Opinion Columnists | Republican populism goes all in for the Nanny State Opinion Columnists | After botched Gaetz nomination, Trump should pivot on Cabinet picks As John Burn-Murdoch wrote, the data “suggests that Trump’s election radicalized the left, not the right.” And while this analysis was done prior to the 2024 election, there is little reason to believe Democrats have made up the lost ground. The first step for Democrats’ new approach should be to move back to where the average voter is. They can start by committing to working with centrist Republicans for commonsense solutions to the problems we face. Doing so is also smart politically. Working with – rather than against – Trump, will benefit Democrats if his second term does in fact produce a strong economy, secure borders, a more stable geopolitical environment, and overall prosperity. Ultimately, where Democrats go from here remains to be seen, but the 2024 election was a stinging rebuke of a party with little to offer aside from stubborn opposition to Donald Trump. If Democrats want to avoid being consigned to minority status for years to come, it is critical that they shun calls to double down on the politics of resistance and begin offering genuine, centrist solutions that address Americans’ concerns. Douglas Schoen is a longtime Democratic political consultant.Biden just spared 37 lives. Here are four very good reasons why.
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NEW YORK , Dec. 2, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The global digital photo frame market size is estimated to grow by USD 110.4 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 2.94% during the forecast period. Inclination toward high standard of living is driving market growth, with a trend towards introduction of smart digital photo frames. However, supply chain complexity poses a challenge. Key market players include Aluratek Inc., Creedon Technologies USA LLC, Danfoss AS, Eastman Kodak Co., GiiNii Tech Corp., Glimpse LLC, Hama GmbH and Co KG, Hewlett Packard Enterprise Co., Highland Technologies Ltd., Koninklijke Philips N.V., Lenovo Group Ltd., LG Corp., Netgear Inc., PhotoSpring Inc., Samsung Electronics Co. Ltd., Sony Group Corp., Spheris Digital Ltd., Sungale Inc., ViewSonic Corp., and XElectron Technologies Pvt. Ltd.. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Key Market Trends Fueling Growth The digital photo frame market is experiencing growth due to the increasing popularity of home automation and smart hubs. Smart digital photo frames, a segment of the digital photo frame market, are benefiting from repeat purchases, particularly in regions like the Americas and Europe . Innovations and technological advances, such as wireless connectivity and IoT integration, are key drivers for these purchases. Smart home technologies, including AI-enabled controllers and hubs, are fueling the adoption of smart and innovative home decor products like digital photo frames. Devices like Amazon Echo and Alexa-enabled frames from NixPlay and PhotoSpring enable users to control their frames remotely via Wi-Fi and voice commands. Uninterrupted connectivity to smart appliances is crucial for handling tasks remotely, and vendors are incorporating Wi-Fi and IoT technologies to differentiate their offerings and attract tech-savvy consumers. The growing popularity of IoT is expected to continue driving the growth of the global digital photo frame market. The Digital Photo Frame market is experiencing significant trends in various sectors. Portrait and landscape positions are popular for both tabletop and wall-mounted frames. The smart home market is driving demand, with internet users seeking multifunctional devices. Households and commercial segments, including hotels and restaurants, are key customers. Profit margins are low, making economic recessions challenging. Simple multimedia frames use cameras' memory cards or built-in memory, while Bluetooth technology enables wireless image transfer. Traditional advertising is being replaced by low-cost digital displays from brands like Sylvania, Nixplay, Micca Electronics, Tenker, Danfoss, and Frame. Urbanization and emerging countries expand the general population's disposable incomes, increasing demand. A holistic evaluation of Digital Picture Frames and Digital Media Frames as image screens for digital images reveals a substantial role in our modern lifestyle, replacing monitors and printers with gadgets that are more convenient and cost-effective. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges Inventory management is a vital strategy for digital photo frame vendors, as consumer preferences for home decor items, including digital photo frames, change rapidly. Home decor suppliers and manufacturers must adapt to small orders from wholesalers and retailers and expedite inventory turnaround times to meet demand. This puts pressure on raw material, quality control, transportation, and labor costs. Many digital photo frame manufacturers have shifted production from China due to rising energy prices, manufacturing costs, and trade barriers. Strong supply chain relationships are crucial for inventory management, with retailers being the primary concern due to slow adoption of digital photo frames. Retailers manage thousands of items across various product lines and categories, requiring efficient merchandise planning that aligns with demand forecasts. Merchandising management is critical, as retailers may regularly extend or drop entire categories or lines due to changing consumer needs. Inefficient merchandising management, coupled with slow adoption, hinders the growth of the global digital photo frame market. Digital photo frame retailers have responded by developing in-house or third-party IT tools to improve manufacturing and distribution processes, such as Inventory Management Systems (IMS), Warehouse Management Systems (WMS), Distribution Centre Delivery Systems, point-of-sale terminals, systems for communication with stores, and in-store product labeling systems. Sourcing is also a significant challenge, with the ability of countries like Brazil , India , South Africa , and Russia to handle digital photo frame production impacting delivery schedules. Local and regional sourcing companies have emerged to reduce the risk of changing laws, currency rates, and transportation efficiency for private-label digital photo frames. The Digital Photo Frame market faces challenges in various sectors. For consumers, portrait and landscape positioning are crucial for displaying photos optimally. Tabletop and wall-mounted frames cater to different needs in the household sector. The smart home market presents opportunities, with internet users seeking multifunctional devices. However, the market's low profit margin and economic recession pose challenges. Simple multimedia frames with built-in memory or Bluetooth technology are popular among the general population. Companies like Sylvania, Nixplay, Micca Electronics, Tenker, Danfoss, and Frame offer various options. Commercial segments, including hotels and restaurants, use digital picture frames for advertising. Emerging countries and urbanization expand the customer base. Traditional advertising and low-cost digital displays compete with high-end frames. Holistic evaluation of digital media frames, image screens, monitors, and printers is essential for market success. Insights into how AI is reshaping industries and driving growth- Download a Sample Report This digital photo frame market report extensively covers market segmentation by 1.1 Offline 1.2 Online 2.1 Electricity-powered 2.2 Battery-powered 3.1 North America 3.2 Europe 3.3 APAC 3.4 South America 3.5 Middle East and Africa 1.1 Offline- The Digital Photo Frame market is growing steadily, with increasing demand for innovative and user-friendly products. Companies are focusing on improving image quality and adding features like Wi-Fi connectivity and motion sensors. Consumers appreciate the convenience of remotely uploading and displaying their cherished memories. Market size is expected to expand due to rising disposable income and the trend towards digitalization. Competition is fierce, with major players like Samsung, Kodak, and Pix-Star offering diverse product lines. Companies are also exploring partnerships with social media platforms to enhance user experience. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Research Analysis The Digital Photo Frame market is experiencing significant growth due to the increasing disposable incomes of customers and the urbanization trend in emerging countries. A digital photo frame is more than just a display for photos; it's a holistic evaluation of modern technology and art. With an image screen replacing the traditional Photo Frame, digital media frames have taken center stage. The integration of cameras' memory cards, built-in memory, and Bluetooth technology has made these frames more versatile and user-friendly. Households and commercial segments, including hotels and restaurants, have found substantial roles for these frames in their spaces. Brands like Sylvania, Nixplay, Micca Electronics, and Tenker have emerged as key players, offering a range of low-cost digital displays for various applications, challenging traditional advertising methods. Danfoss, a leading engineering company, has also entered the market with its digital media frames, adding to the competition. Market Research Overview The Digital Photo Frame market is experiencing significant growth, driven by increasing disposable incomes and urbanization in emerging countries. This market caters to customers seeking to showcase their digital images in a more sophisticated way than traditional photo frames. A holistic evaluation of the market reveals a substantial role for digital picture frames and digital media frames, which offer an image screen for displaying digital images. These gadgets can be placed on tables or walls in portrait or landscape position and are gaining popularity in the smart home market. The market also includes multifunctional devices that serve as monitors, printers, or even smart tabs. The household sector and commercial segment, including hotels, restaurants, and traditional advertising, are key areas for growth. However, the market faces low profit margins and economic recession challenges. Simple multimedia devices with built-in memory or cameras' memory cards and Bluetooth technology are popular features. Companies like Sylvania, Nixplay, Micca Electronics, and Tenker have made significant strides in this market, offering low-cost digital displays for the general population. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Distribution Channel Offline Online Source Electricity-powered Battery-powered Geography North America Europe APAC South America Middle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE Technavio