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Thiruvananthapuram: Chief minister Pinarayi Vijayan on Saturday hailed the bypoll results as a clear endorsement of the LDF govt's policies and performance. "The people have delivered a resounding victory to the LDF in Chelakkara constituency , rejecting organized propaganda and concerted attacks against us. In Palakkad, the LDF gained more votes than in the previous election. This clear mandate inspires us to advance our development and welfare initiatives with renewed determination," he said. The chief minister stressed that the LDF has consistently received the backing of secular-minded voters and said that the results deliver a strong message about the importance of upholding secular politics and exposing communal forces. "The propaganda of anti-incumbency and false narratives have been unequivocally rejected by the public," he said. Commenting on the opposition, he pointed out that while the UDF managed to retain its position in Palakkad with the backing of communal elements, the LDF candidate recorded a significant increase in votes. He dismissed BJP's attempts to gain traction in Kerala, asserting that its claims—bolstered by their win in the Thrissur Lok Sabha election—have been decisively rejected by the public, limiting their ability to create a lasting impact. CPM state secretary M V Govindan also dismissed claims of anti-incumbency in the state, citing the LDF's decisive victory in Chelakkara as evidence. "The results in Chelakkara are a clear indication that there is no anti-incumbency sentiment in the state," he stated. Govindan accused the UDF of relying on communal forces like the SDPI and Jamaat-e-Islami to secure its victory in Palakkad. "All anti-communist groups came together to ensure Rahul Mamkoottathil's win in Palakkad. While Congress benefited from the support of communal groups, it won't openly acknowledge it," he said. Maharashtra Jharkhand Maharashtra Alliance View i Party View Seats: 288 Results Majority: 145 BJP+ 229 MVA 47 OTH 12 Results : 288 / 288 BJP+ WON Jharkhand Alliance View i Party View Seats: 81 Results Majority: 41 INDIA 56 NDA 24 OTH 1 Results : 81 / 81 INDIA WON Source: PValue The CPM leader stressed that LDF candidate P Sarin has proven to be a valuable asset for the Left. "Sarin's popularity and the significant rise in the LDF's vote share in Palakkad are promising signs. The gap between LDF and BJP votes has narrowed considerably, signalling a potential comeback for the Left in the region," Govindan added. Regarding the Wayanad LS byelection, Govindan said Priyanka Gandhi's victory was expected but expressed concern over the decline in LDF votes in the constituency.Coastal Carolina 48, Georgia St. 27
Giants' 10th straight loss showed once again that they need a young QB
US budget airlines are struggling. Will pursuing premium passengers solve their problems? DALLAS (AP) — Delta and United Airlines have become the most profitable U.S. airlines by targeting premium customers while also winning a significant share of budget travelers. That is squeezing smaller low-fare carriers like Spirit Airlines, which filed for bankruptcy protection on Monday. Some travel industry experts think Spirit’s troubles indicate less-wealthy passengers will have fewer choices and higher prices. Other discount airlines are on better financial footing but also are lagging far behind the full-service airlines when it comes to recovering from the COVID-19 pandemic. Most industry experts think Frontier and other so-called ultra-low-cost carriers will fill the vacuum if Spirit shrinks, and that there's still plenty of competition to prevent prices from spiking. Bitcoin ticks closer to $100,000 in extended surge following US elections NEW YORK (AP) — Bitcoin is jumping again, setting another new high above $99,000 overnight. The cryptocurrency has been shattering records almost daily since the U.S. presidential election, and has rocketed more than 40% higher in just two weeks. It's now at the doorstep of $100,000. Cryptocurrencies and related investments like crypto exchange-traded funds have rallied because the incoming Trump administration is expected to be more “crypto-friendly.” Still, as with everything in the volatile cryptoverse, the future is hard to predict. And while some are bullish, other experts continue to warn of investment risks. Australia rejects Elon Musk's claim that it plans to control access to the internet MELBOURNE, Australia (AP) — An Australian Cabinet minister has rejected X Corp. owner Elon Musk’s allegation that the government intends to control all Australians' access to the internet through legislation that would ban young children from social media. Treasurer Jim Chalmers said on Friday that Musk’s criticism was “unsurprising” after the government introduced legislation to Parliament that would fine platforms including X up to $133 million for allowing children under 16 to hold social media accounts. The spat continues months of open hostility between the Australian government and the tech billionaire over regulators’ efforts to reduce public harm from social media. Parliament could pass the legislation as soon as next week. Oil company Phillips 66 faces federal charges related to alleged Clean Water Act violations LOS ANGELES (AP) — Oil company Phillips 66 has been federally indicted in connection with alleged violations of the Clean Water Act in California. The Texas-based company is accused of discharging hundreds of thousands of gallons of industrial wastewater containing excessive amounts of oil and grease. The U.S. Department of Justice announced the indictment on Thursday. Phillips is charged with two counts of negligently violating the Clean Water Act and four counts of knowingly violating the Clean Water Act. An arraignment date has not been set. A spokesperson for the company said it was cooperating with prosecutors. US regulators seek to break up Google, forcing Chrome sale as part of monopoly punishment U.S. regulators want a federal judge to break up Google to prevent the company from continuing to squash competition through its dominant search engine after a court found it had maintained an abusive monopoly over the past decade. The proposed breakup floated in a 23-page document filed late Wednesday by the U.S. Justice Department calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent Android from favoring its search engine. Regulators also want to ban Google from forging multibillion-dollar deals to lock in its dominant search engine as the default option on Apple’s iPhone and other devices. What you need to know about the proposed measures designed to curb Google's search monopoly U.S. regulators are proposing aggressive measures to restore competition to the online search market after a federal judge ruled that Google maintained an illegal monopoly. The sweeping set of recommendations filed late Wednesday could radically alter Google’s business. Regulators want Google to sell off its industry-leading Chrome web browser. They outlined a range of behavioral measures such as prohibiting Google from using search results to favor its own services such as YouTube, and forcing it to license search index data to its rivals. They're not going as far as to demand Google spin off Android, but are leaving that door open if the remedies don't work. Stock market today: Wall Street edges higher as it heads for a winning week NEW YORK (AP) — Stocks edged higher on Wall Street, keeping the market on track for its fifth gain in a row. The S&P 500 was up 0.1% in midday trading Friday. The Dow Jones Industrial Average climbed 226 points and the Nasdaq composite slipped 0.2%. Gap soared after reporting quarterly results that easily beat analysts' estimates. EchoStar, parent company of the Dish satellite television provider, fell after DirecTV called off its purchase of the company. European markets were mostly higher and Asian markets ended mixed. Treasury yields held relatively steady in the bond market. Crude oil prices gained ground. Apple and Google face UK investigation into mobile browser dominance LONDON (AP) — A British watchdog says Apple and Google aren't giving consumers a genuine choice of mobile web browsers. The watchdog's report Friday recommends they face an investigation under new U.K. digital rules taking effect next year. The Competition and Markets Authority took aim at Apple, saying the iPhone maker’s tactics hold back innovation by stopping rivals from giving users new features like faster webpage loading. The CMA’s report also found that Apple and Google manipulate the choices given to mobile phone users to make their own browsers “the clearest or easiest option.” Apple said it disagreed with the findings. German auto supplier Bosch to cut 5,500 jobs in further sign of carmakers' woes FRANKFURT, Germany (AP) — Germany's technology and services company Bosch is cutting its automotive division workforce by as many as 5,500 jobs in the next several years, in another sign of the headwinds hitting the German and global auto industries. The company cited stagnating global auto sales, too much factory capacity in the auto industry compared to sales prospects and a slower than expected transition to electric-powered, software-controlled vehicles. Some 3,500 of the job reductions would come before the end of 2027 and would hit the part of the company that develops driver assistance and automated driving technologies. About half those job reductions would be at locations in Germany. Indigenous leaders travel to UK from Peru to draw attention to oil damage and banking LONDON (AP) — Indigenous leaders from the Wampis Nation in Peru are urging lawmakers at the House of Commons in London to ban international banks’ support for Amazon oil activities they say harm their ancestral rainforests. HSBC bank, JPMorgan Chase and Santander helped finance the Peruvian state-owned oil company Petroperu as it sought to upgrade a coastal refinery. In the last decade there have been dozens of leaks along a pipeline that serves the refinery. The banks say they adhere to environmental guidelines and take great care over which project to back. The Indigenous members were among several delegations also pressing for a proposed law that would make it a crime for British businesses to harm the environment.Sarawak Premier Makes Inaugural Visit To Mitsubishi Power's Takasago Hydrogen Park
Guangzhou, China, Dec 24, 2024 - (JCN Newswire) - Honda Motor (China) investment Co., Ltd., a wholly-owned Honda subsidiary in China, announced that GAC Honda Automobile Co., Ltd. (GAC Honda), a Honda automobile production and sales joint venture in China, began operation of its newly-constructed plant for new energy vehicle (NEV) production, named the Development District NEV Factory. The new factory is located in the Guangzhou Economic and Technological Development District in Guangzhou City, Guangdong Province, China. The new NEV production plant features the latest production equipment to achieve a highly efficient, smart, and low-carbon production system. The stamping and welding processes completely eliminated logistics personnel by automating parts logistics. AI-based welding strength inspection was adopted for the first time at any Honda plant. In the assembly process, approximately 30% of the entire process is automated to achieve a highly efficient production line. To make this plant more environmentally-responsible, solar power systems generating a total of 22 megawatts will be installed within the property of the plant. It is expected that the annual CO2emissions will be reduced by approximately 13,000 tons(1) through the utilization of renewable energy. In addition, GAC Honda will strive to further reduce the environmental impact of the plant through the use of newly developed low-VOC(2) paints and the installation of equipment capable of treating 100% of the toxic substances contained in factory wastewater. In order to minimize the impact on air pollution, GAC Honda will aim to reduce VOC emissions from the new plant by more than 70%(3) compared to the standard limit set by Guangdong Province. (1) Calculations based on standards for CO2 emissions by the Chinese government (Ministry of Ecology and Environment) (2) VOC: Volatile Organic Compounds (3) Honda internal research GAC Honda Development District NEV Factory Honda has set a global environmental goal of“realizing carbon neutrality for all products and corporate activities Honda is involved in by 2050.” In China, Honda is planning to introduce a total of 10 Honda-brand EV models by 2027, including models for the e:N Series launched in 2022, as well as the Ye Series, a next-generation EV series Honda is planning to launch in the current fiscal year ending March 31, 2025. With these EV models, Honda is aiming to achieve 100% EV sales in China by 2035. GAC Honda Automobile Co., Ltd. About GAC Honda Development District NEV Factory MENAFN23122024003415003250ID1109025669 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
The Kardashian-Jenner clan always go all out for the holiday season , and this year Kendall Jenner showed that she's got the spirit of Christmas in her home as well. Kendall, 29, took to social media to share a few photos of her house all decorated for the holidays. The pictures were posted on Instagram on Monday, December 23, with a caption that said, "my home at Christmas! @archdigest," showing the star's home decked out with festive lights and garlands, a tall Christmas tree, and a lit fireplace. In a different photo, the model shows off the entrance to her house, decorated again with garland and lights. Another snap shows her dining room table with more garland, acorns, some candle holders, and fresh fruits in a basket. Fans of the Keeping Up With the Kardashians alum took to the comments section of the post to share their reactions to the star's decorating skills . "So beautiful how your Mom made such a great example for every single one of her daughters 😍 @krisjenner," wrote one fan, giving props to her mom, Kris Jenner. A second asked, "The best one of all the Kardashian's homes this year. Loving the country vibes. Did you do it all yourself 😂?" while a third wrote, "Simple, classic, beautiful. These pictures smell like fresh-baked apple pie." A post shared by Kendall (@kendalljenner) The Kardashian-Jenners recently made headlines after announcing that the family will not be hosting their annual Christmas Eve party. Kim Kardashian recently revealed that her family will be opting for a "low-key Christmas Eve party this year" in a clip posted to Vogue's Instagram on Saturday, December 14. The family is known for their holiday bashes that go all out on decorations and professional entertainment. In 2023, Kim, 44, hosted a winter-wonderland-themed party at her house in Southern California. The SKIMS founder treated her guests to a sledding hill with real snow and a pop-up ski lodge where R&B singer Babyface performed.As the market continues to show signs of stabilization and recovery, industry experts are optimistic about the prospects for the real estate sector in the coming months. With a renewed sense of optimism and confidence, stakeholders are positioning themselves for growth and expansion, eager to capitalize on the opportunities presented by the evolving market dynamics.With its vibrant colors and distinctive appearance, the blue and pink skin stands as a testament to the power of creativity and individuality in gaming, encouraging players to embrace new possibilities and celebrate the diverse ways in which they can express themselves within virtual worlds. Ultimately, the discussion surrounding this skin serves as a reminder of the enduring impact of visual customization in gaming and its ability to foster connections, inspire creativity, and ignite conversations within the gaming community.CLEVELAND (AP) — Two days before recording another milestone, resume-building sack on Sunday at Cincinnati, Myles Garrett delivered a jarring hit — on the Browns. In this case, any roughness could be deemed necessary. Garrett piled on to what has been a painful and puzzling season in Cleveland by saying he doesn’t have any interest in going through another rebuild and wants to know exactly what the organization’s offseason plans are to fix things. If that wasn’t enough, Garrett indicated for the first time that he would consider leaving the Browns if his vision doesn’t mesh with the team’s ambitions. “It’s a possibility,” he said of playing elsewhere. “But I want to be a Cleveland Brown. I want to play my career here.” It’s unclear how Garrett’s comments were received by owners Dee and Jimmy Haslam, who have plenty to consider as the Browns (3-12) head into the final two weeks of a season that began with playoff expectations and could be followed by upheaval. The Browns haven’t been this bad since going 0-16 in 2017. Garrett, who reached 100 career sacks by taking down Cincinnati’s Joe Burrow late in the first half of Sunday’s 24-6 loss , may have either added to the Haslams’ long list of concerns — the Deshaun Watson contract situation is a priority — or brought them clarity. There’s no denying that Garrett’s remarks carry substantial weight, which is partly why he spoke up. He’s the Browns’ best player, a franchise cornerstone, a future Hall of Famer and arguably the most disruptive defensive force in the game today. He’s also leading with actions. Garrett showed extraordinary effort in chasing down and tackling Burrow before tumbling out of bounds and crashing into Cleveland’s bench and some portable heaters. He might be frustrated, but he’s not giving up. “A testament of who he is as a player and who he is as a person,” linebacker Jordan Hicks said. What the reigning Defensive Player of the Year says matters. It will be interesting to see if the Haslams listen. At this point, there are indications the Browns intend to stick with coach Kevin Stefanski and general manager Andrew Berry, whose major misses in recent drafts have become more magnified with each loss. There will be changes; it’s just a matter of how drastic and if they’ll be enough to satisfy Garrett’s wishes. He turns 29 on Dec. 29 and has two years left on a $125 million contract extension. The All-Pro is in his prime and doesn’t want to waste another season in a pointless pursuit of a Super Bowl title. His goal is to win a championship with Cleveland — or someone. Garrett’s serious. He’s asking the Browns to show him they are, too. What’s working Cleveland’s defense is doing its part. For the second week in a row, the Browns contained one of the NFL’s most talented offenses, holding the Bengals and their top-ranked passing game below most of their season averages. Burrow did throw three TD passes — for the seventh game in a row — but Cincinnati scored fewer than 27 points for the first time in seven games. What needs help The Browns continue to beat themselves with costly turnovers, some more costly than others. They drove to the Cincinnati 1-yard line in the opening minutes only to have D’Onta Foreman fumble as he neared the goal line. The Bengals capitalized by driving 99 yards to take a 7-0 lead that could have been Cleveland’s. Stock up Running back Jerome Ford is making the most of a heavier workload and finishing strong. He ripped off a 66-yard run on the game’s first play and finished with 131 all-purpose yards, including 92 on 11 carries and scored Cleveland’s only TD. Ford’s emergence as a potential No. 1 back — Nick Chubb’s injuries have clouded his future — gives the team one less thing to worry about as it retools the roster. Stock down Kicker Dustin Hopkins hasn’t shaken a startling slump. After being benched for a week to work through his struggles, Hopkins missed his only kick, pushing an extra point to the right. Hopkins felt confident going in, but he’s back to trying to identify issues that could be equally mechanical and mental. He’s just 16 of 25 on field goals, 16 of 19 on PATs and the Browns’ decision to sign him to a three-year, $15.9 million extension this summer looks worse every week. Injuries QB Dorian Thompson-Robinson injured his calf early in Sunday’s game, leaving his status in doubt for a second straight start this week. If Thompson-Robinson can’t go, the Browns could go back to Jameis Winston, but he’s dealing with a sore right shoulder. ... Tight end David Njoku is dealing with yet another injury after hurting his knee. The team is awaiting results on an MRI, perhaps a sign of the severity. Njoku has missed time with injuries all season. He finished with eight catches for 66 yards. Key number 20 — Interceptions for the Browns this season. Thompson-Robinson’s two picks on Sunday gave the team 10 in the last four games. What’s next Probably a half-empty stadium for a final home game on Sunday against the Miami Dolphins, who are still in the hunt for a wild-card spot. ___ AP NFL: https://apnews.com/hub/nfl
As we approach CES 2025, all eyes are on Hesai and the groundbreaking debut of the Mini 3D Lidar. With its cutting-edge technology, unparalleled performance, and innovative design, this sensor is set to leave a lasting impact on the robotics industry and pave the way for a future where robots play an increasingly vital role in our daily lives. Stay tuned for the unveiling of the Mini 3D Lidar at CES 2025 and witness the next evolution in sensor technology for robotics.
As Guangzhou continues to position itself as a leading destination for cross-border e-commerce, the city's investment in supporting independent brands and fostering entrepreneurship is expected to yield significant benefits for both local businesses and the overall economy. By empowering entrepreneurs to create innovative products and build strong brands, Guangzhou is contributing to the development of a dynamic and competitive e-commerce ecosystem that drives economic growth and creates opportunities for sustainable development.In the midst of this internal turmoil and uncertainty, it is essential that transparency, accountability, and due process are upheld throughout the investigation process. The integrity of South Korea's governance hinges on the ability of its leaders to address any allegations of misconduct swiftly and decisively, in a manner that upholds the rule of law and the principles of justice.None
Demonstrating long-term commitment to sharing the success of U. S. Steel with the employees TOKYO , Dec. 10, 2024 /PRNewswire/ -- Nippon Steel Corporation ("Nippon Steel") (TSE: 5401) announced today a commitment to reward United States Steel Corporation ("U. S. Steel") employees in the United States with a Closing Bonus of $5,000 , less applicable withholdings and authorized or required deductions, following the closing of the transaction between the parties. Eligible non-union employees in the United States below the Senior Manager level will receive this Closing Bonus. Nippon Steel has offered this same Closing Bonus to union-represented employees in the United States via their applicable union representatives. If any of the unions that represent U. S. Steel employees have questions regarding the bonus, Nippon Steel is willing to discuss the matter with them. Commenting on the commitment, Takahiro Mori , Representative Director and Vice Chairman of Nippon Steel said, "We have listened to unions and government officials who have argued that, in large corporate transactions, rank-and-file employees often receive nothing that recognizes their contributions to the value generated for stockholders. Through our commitment to this Closing Bonus, we want to address that concern. We want to thank all of U. S. Steel's employees for their continued hard work. Our goal is to protect and grow U. S. Steel, and its people are the most important asset in achieving this goal. We hope that this bonus demonstrates Nippon Steel's long-term commitment to sharing the success of U. S. Steel and providing a more secure future for employees, their families, and communities. After closing, we look forward to working with all stakeholders to grow U. S. Steel into the best steel company in the United States for decades." The Closing Bonus is conditioned upon the transaction closing. Nippon Steel also intends to provide a €3,000 Closing Bonuses to employees in Europe following the close of the transaction. Altogether, the Closing Bonus will result in a nearly $100 million aggregate payment to qualifying employees. About Nippon Steel Nippon Steel is Japan's largest steelmaker and one of the world's leading steel manufacturers. Nippon Steel has a global crude steel production capacity of approximately 66 million tonnes and employs approximately 100,000 people in the world. Nippon Steel's manufacturing base is in Japan and the company has a presence in 15 additional countries including: United States , India , Thailand , Indonesia , Vietnam , Brazil , Mexico , Sweden , China and others. Nippon Steel established a joint venture in the United States around 40 years ago and has focused on building cooperative and good relationships with employees, labor unions, suppliers, customers, and communities. As the 'Best Steelmaker with World-Leading Capabilities,' Nippon Steel pursues world-leading technologies and manufacturing capabilities and contributes to society by providing excellent products and services. For more information, please visit: https://www.nipponsteel.com . SOURCE Nippon Steel Corporation
DORAL, Fla.--(BUSINESS WIRE)--Dec 23, 2024-- NeueHealth, Inc. (“NeueHealth” or the “Company”) (NYSE: NEUE), the value-driven healthcare company, today announced that it has entered into a definitive merger agreement pursuant to which the Company will be acquired by an affiliate of New Enterprise Associates (“NEA”) at an enterprise value of approximately $1.3 billion. Upon completion of the transaction, NeueHealth will become a privately held company with the flexibility and resources to continue advancing its value-driven, consumer-centric care model. Under the terms of the merger agreement, holders of NeueHealth common stock (other than shares that will be rolled over and certain excluded shares) will receive $7.33 per share in cash, which represents a premium of approximately 70% over the closing price of NeueHealth common stock on December 23, 2024. Certain stockholders of NeueHeath, including NEA and 12 existing NeueHealth investors (which collectively hold all of the outstanding shares of NeueHealth preferred stock), have entered into rollover agreements pursuant to which such stockholders will continue their investments by exchanging their shares of NeueHealth common stock and/or preferred stock for newly issued equity interests in the privately held company, and the Company’s existing secured loan facility with Hercules Capital, Inc. will remain in place. NeueHealth’s executive leadership team will continue in their roles upon completion of the transaction and intends to roll over 100% of their equity interests for newly issued equity interests in the privately held company. “We are pleased to announce this transaction as we believe it places NeueHealth in a strong position for continued growth while maximizing value for all of NeueHealth’s public stockholders,” said Mike Mikan, President and CEO of NeueHealth. “NEA has been a longstanding strategic partner, and we look forward to continuing to work together to build on NeueHealth’s success as a leader in value-based care.” “We believe NeueHealth has built a differentiated model of care that is uniquely positioned to drive value for consumers, providers, and payors and we have confidence in the NeueHealth team and their ability to continue to lead the Company,” said Mohamad Makhzoumi, Co-CEO of NEA. “We have had a strong partnership with NeueHealth since 2016 and share the Company’s commitment to making high-quality healthcare accessible and affordable for all Americans.” Transaction Details A special committee (the “Special Committee”) of the board of directors of NeueHealth (the “Board”), composed entirely of independent and disinterested directors and advised by its own independent legal and financial advisors, unanimously recommended that the Board approve the transaction and determined it was in the best interests of the Company and its stockholders that are not affiliated with NEA. Acting upon the recommendation of the Special Committee, the Board subsequently unanimously approved the transaction and determined to recommend that NeueHealth stockholders vote to approve and adopt the merger agreement. Certain NeueHealth stockholders have agreed to vote all of their shares of NeueHealth common stock and/or preferred stock to approve and adopt the merger agreement, subject to certain conditions. The merger is subject to approval by NeueHealth’s stockholders and other customary closing conditions, including receipt of certain regulatory approvals. NEA intends to finance the transaction with fully committed equity financing, and the transaction is not subject to any financing condition. Upon completion of the transaction, NeueHealth’s common stock will no longer be publicly traded or listed on any public market. The merger agreement includes a 30-day “go-shop” period that will expire at 12:01 AM New York City time on January 23, 2025, which permits the Special Committee and its financial advisors to solicit and consider alternative acquisition proposals. There can be no assurance that this process will result in a superior proposal, and NeueHealth does not intend to disclose developments with respect to the “go-shop” process unless and until it determines such disclosure is appropriate or is otherwise required. Lincoln International, LLC is acting as financial advisor, and Richards, Layton & Finger, P.A. is acting as legal counsel, to the Special Committee. Simpson Thacher & Bartlett LLP is acting as legal counsel to NeueHealth. Latham and Watkins LLP is acting as legal counsel to NEA, with Sidley Austin LLP acting as insurance regulatory counsel to NEA. More information regarding the key terms will be included in a current report on Form 8-K to be filed by NeueHealth with the Securities and Exchange Commission (the “SEC”). Important Information and Where to Find It In connection with the transaction, the Company will file with the SEC a proxy statement on Schedule 14A (the “Proxy Statement”), the definitive version of which will be sent or provided to Company stockholders. The Company, affiliates of the Company and affiliates of NEA intend to jointly file a transaction statement on Schedule 13E-3 (the "Schedule 13E-3") with the SEC. The Company may also file other documents with the SEC regarding the transaction. This release is not a substitute for the Proxy Statement, the Schedule 13E-3 or any other document which the Company may file with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT, THE SCHEDULE 13E-3 AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BEFORE MAKING ANY VOTING OR INVESTMENT DECISION WITH RESPECT TO THE COMPANY OR THE TRANSACTION BECAUSE THESE DOCUMENTS CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION AND RELATED MATTERS. Investors and security holders may obtain free copies of the Proxy Statement, the Schedule 13E-3 and other documents that are filed or will be filed with the SEC by the Company, when such documents become available, through the website maintained by the SEC at www.sec.gov or through the Company's website at https://investors.neuehealth.com/home/default.aspx . The transaction will be implemented solely pursuant to the Agreement and Plan of Merger, dated as of December 23, 2024 (the “merger agreement”), among the Company, NH Holdings 2025, Inc. and NH Holdings Acquisition 2025, Inc., which contains the full terms and conditions of the transaction. Participants in the Solicitation The Company and certain of its directors, executive officers and employees may be deemed to be participants in the solicitation of proxies from stockholders of the Company in connection with the proposed transaction. Information regarding the Company’s directors and executive officers is available in the definitive proxy statement for the 2024 annual meeting of stockholders of the Company, which was filed by the Company with the SEC on April 1, 2024 (the “Annual Meeting Proxy Statement”), and will be available in the Proxy Statement. Please refer to the sections captioned “Executive Compensation,” “Director Compensation,” and “Security Ownership of Certain Beneficial Owners and Management” in the Annual Meeting Proxy Statement. Holdings of the Company’s securities by certain of the Company’s employees, and any changes in the holdings of the Company’s securities by the Company’s directors or executive officers from the amounts described in the Annual Meeting Proxy Statement, have been reflected in the following Statements of Change in Ownership on Form 4 filed with the SEC: Form 4, filed by George Lawrence Mikan III on May 6, 2024; Form 4, filed by Jay Matushak on May 6, 2024; Form 4, filed Tomas Orozco on May 6, 2024; Form 4, filed by Jeffery Michael Craig on May 6, 2024; Form 4, filed by Jeffrey J. Scherman on May 6, 2024; Form 4, filed by Jay Matushak on May 13, 2024; Form 4, filed by Jeffrey J. Scherman on May 13, 2024; Form 4, filed by Kedrick D. Adkins, Jr. on May 14, 2024; Form 4, filed by Andrew M. Slavitt on May 14, 2024; Form 4, filed by Linda Gooden on May 14, 2024; Form 4, filed by Mohamad Makhzoumi on May 14, 2024; Form 4, filed by Robert J. Sheehy on May 14, 2024; Form 4, filed by Matthew G. Manders on May 14, 2024; Form 4, filed by Stephen Kraus on May 14, 2024; Form 4, filed by Manuel Kadre on May 14, 2024; Form 4, filed by Jeffrey R. Immelt on May 14, 2024; Form 4, filed by Mohamad Makhzoumi on October 3, 2024; Form 4, filed by Jay Matushak on October 8, 2024; Form 4, filed by George Lawrence Mikan III on December 18, 2024. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Proxy Statement and other relevant materials to be filed with the SEC in connection with the proposed transaction when they become available. Free copies of the Proxy Statement and such other materials may be obtained as described in the preceding paragraph. About NeueHealth NeueHealth is a value-driven healthcare company grounded in the belief that all health consumers are entitled to high-quality, coordinated care. By uniquely aligning the interests of health consumers, providers, and payors, NeueHealth helps to make healthcare accessible and affordable to all populations across the ACA Marketplace, Medicare, and Medicaid. NeueHealth delivers high-quality clinical care to over 500,000 health consumers through owned clinics and unique partnerships with over 3,000 affiliated providers. We also enable independent providers and medical groups to thrive in performance-based arrangements through a suite of technology and services scaled centrally and deployed locally. We believe our value-driven, consumer-centric care model can transform the healthcare experience and maximize value across the healthcare system. For more information, visit: www.neuehealth.com . About NEA New Enterprise Associates (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. Founded in 1977, NEA has more than $25 billion in assets under management as of June 30, 2024 and invests in technology and healthcare companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm's long track record of investing includes more than 280 portfolio company IPOs and more than 465 mergers and acquisitions. For more information, please visit www.nea.com . Forward-Looking Statements This release contains certain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Statements made in this release that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements and should be evaluated as such. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies, and statements as to the expected timing, completion and effects of the transaction. These statements often include words such as “anticipate,” “expect,” “plan,” “believe,” “intend,” “project,” “forecast,” “estimates,” “projections,” “outlook,” “ensure,” and other similar expressions. These forward-looking statements include any statements regarding our plans, expectations and financial guidance. Such forward-looking statements are subject to various risks, uncertainties and assumptions. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Factors that might materially affect such forward-looking statements include: the failure to complete the transaction on the anticipated terms and within the anticipated timeframe, including as a result of failure to obtain required stockholder or regulatory approvals or to satisfy other closing conditions; potential litigation relating to the transaction that could be instituted against NEA, the Company or their respective affiliates, directors, managers, officers or employees, and the effects of any outcomes related thereto; potential adverse reactions or changes to our business relationships or operating results resulting from the announcement, pendency or completion of the transaction; the risk that our stock price may decline significantly if the transaction is not consummated; certain restrictions during the pendency of the transaction that may impact our ability to pursue certain business opportunities or strategic transactions; costs associated with the transaction, which may be significant; the occurrence of events, changes or other circumstances that could give rise to the termination of the merger agreement, including in circumstances requiring us to pay a termination fee; our ability to continue as a going concern; our ability to comply with the terms of our credit facilities or any credit facility into which we enter in the future; our ability to receive the remaining proceeds from the sale of our Medicare Advantage business in California in a timely manner; our ability to obtain any short or long term debt or equity financing needed to operate our business; our ability to quickly and efficiently complete the wind down of our remaining Individual and Family Plan (“IFP”) and MA businesses, including by satisfying liabilities of those businesses when due and payable; potential disruptions to our business due to the transaction or due to corporate restructuring and any resulting headcount reduction; our ability to accurately estimate and effectively manage the costs relating to changes in our business offerings and models; a delay or inability to withdraw regulated capital from our subsidiaries; a lack of acceptance or slow adoption of our business model; our ability to retain existing consumers and expand consumer enrollment; our and our care partner’s abilities to obtain and accurately assess, code, and report risk adjustment factor scores; our ability to contract with care providers and arrange for the provision of quality care; our ability to obtain claims information timely and accurately; the impact of any pandemic or epidemic on our business and results of operations; the risks associated with our reliance on third-party providers to operate our business; the impact of modifications or changes to the U.S. health insurance markets; our ability to manage any growth of our business; our ability to operate, update or implement our technology platform and other information technology systems; our ability to retain key executives; our ability to successfully pursue acquisitions, integrate acquired businesses, and quickly and efficiently divest businesses as needed; the occurrence of severe weather events, catastrophic health events, natural or man-made disasters, and social and political conditions or civil unrest; our ability to prevent and contain data security incidents and the impact of data security incidents on our members, patients, employees and financial results; our ability to comply with requirements to maintain effective internal controls; our ability to adapt to mitigate risks associated with our ACO businesses, including any unanticipated market or regulatory developments; and the other factors set forth under the heading “Risk Factors” in the Company’s reports on Form 10-K, Form 10-Q, and Form 8-K (including all amendments to those reports) and our other filings with the SEC. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason after the date of this release to conform these statements to actual results or changes in our expectations. View source version on businesswire.com : https://www.businesswire.com/news/home/20241223595862/en/ CONTACT: Investor Contact: IR@neuehealth.comMedia Contact: media@neuehealth.com KEYWORD: FLORIDA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: PRACTICE MANAGEMENT PROFESSIONAL SERVICES MANAGED CARE HEALTH GENERAL HEALTH HEALTH TECHNOLOGY HEALTH INSURANCE HOSPITALS INSURANCE TELEMEDICINE/VIRTUAL MEDICINE FINANCE SOURCE: NeueHealth Copyright Business Wire 2024. PUB: 12/23/2024 05:53 PM/DISC: 12/23/2024 05:53 PM http://www.businesswire.com/news/home/20241223595862/en
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The passage of the resolution has further polarized the political landscape in South Korea, with supporters of President Yoon condemning the decision as politically motivated and an attempt to undermine his presidency. On the other hand, critics of the president see the resolution as a necessary step towards restoring public trust in government institutions and upholding the rule of law.Amazon, Walmart and Wayfair still have Step2′s My First Christmas toys available to order before ChristmasQuality Matters