
GEORGE TOWN, Cayman Islands, Dec. 19, 2024 (GLOBE NEWSWIRE) -- EZ LYNK, a leader in connected vehicle technologies, today announced that its Electronic Logging Device (ELD) technology received certification for compliance with Canada's ELD mandate . Already certified in the United States, EZ LYNK ensures that drivers and fleets operating in Canada or traveling cross-border can rely on the company's ELD technology to meet regulatory requirements while enhancing operational efficiency. EZ LYNK's ELD technology is designed with both drivers and fleet managers in mind, offering an intuitive and feature-rich solution to ensure compliance and simplify day-to-day operations. Key benefits include: FMCSA and CCMTA Compliant – EZ LYNK's ELD meets the stringent requirements set by the United States Federal Motor Carrier Safety Administration (FMCSA) and the Canadian Council of Motor Transport Administrators (CCMTA). HOS Rules – Fleet-wide logging for Hours of Service (HOS) rules is seamless across the United States and Canada, featuring easy-to-use driver logging tools. Driver Logs – Drivers can conveniently document their hours using the EZ LYNK® ELD App . During inspections, logs can be presented on-screen or transferred electronically. Fleet managers can access driver logs and reports, supporting multiple and team drivers on one device. Access Documents Anywhere – Drivers and fleet managers can easily photograph and upload receipts, shipping documents, inspection reports, citations, and more to the secure EZ LYNK® Cloud, organizing them by driver or daily logs. In-App Chat – Fleet managers can conveniently communicate with drivers via an in-app chat feature, improving real-time coordination and support. Scan Tool – Drivers, fleet managers and mechanics can remotely access a vehicle's on-board diagnostic system reducing unnecessary expenses by ensuring the vehicle is always operating as it should without having to bring the vehicle into a repair facility. "This certification is a testament to our commitment to deliver innovative and compliant solutions that simplify the lives of drivers and fleet managers," said Brad Gintz, co-founder and CEO at EZ LYNK. "Our ELD not only meets the highest regulatory standards in both the U.S. and Canada but also provides unmatched functionality to help users focus on what they do best—keeping their operations running smoothly." Beyond compliance, EZ LYNK's ELD integrates seamlessly with the company's broader platform, where they can access additional EZ LYNK applications and tools. This includes the Auto Agent ® App , which provides real-time insights into critical vehicle sensor data, allowing users to monitor the health and status of their vehicles. With integrated, adjustable alarms, drivers and fleet managers are alerted if parameters fall out of range, ensuring issues are addressed before they become costly problems. By consolidating compliance tools with robust data capabilities, EZ LYNK delivers a truly unified solution for drivers and fleets, enhancing performance, safety, and operational efficiency. For more information about EZ LYNK's certified ELD and its suite of connected solutions, visit https://ezlynk.com/ . About EZ LYNK EZ LYNK is a leading provider of advanced connected vehicle technologies, revolutionizing how drivers and technicians interact with automotive technology. With its innovative cloud-based platform, EZ LYNK simplifies real-time vehicle diagnostics and software updates, empowering users to optimize vehicle performance and maintenance by keeping you and your vehicle maintenance professionals connected. Trusted by a global network of users, from individual drivers to professional mechanics, EZ LYNK is committed to enhancing connectivity. For more information, visit www.ezlynk.com . © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Trump team signs agreement to allow Justice to conduct background checks on nominees, staffSocial media craze for teenage skincare has reached a 'crisis point', dermatologist warns as she reveals she's treated children as young as 8 for using bad products Children as young as eight are experiencing adverse reactions to skincare READ MORE: Dermatologists reveal common skincare mistakes made by teens By MARIA OKANRENDE FOR MAILONLINE Published: 17:14 GMT, 27 December 2024 | Updated: 17:14 GMT, 27 December 2024 e-mail View comments The current skincare craze sweeping social media has reached 'crisis point', with children as young as eight now obsessed with the products, a dermatologist has warned. Dr Tess McPherson, from the British Association of Dermatologists, told Sky News that the tween and teen - or Gen Alpha - fixation on anti-ageing creams and retinols could cause irreversible damage that is 'life long'. Retinol, which has become a skin staple in recent years, works by increasing the rate at which skin cells are produced and die, whim in turn exfoliates the skin and unclogs pores. It also increases collagen production, which can reduce the appearance of fine lines and wrinkles. British TikToker, Layla Eleni, 13, is just one of many super famous child influencers taking the platform by storm with their get-ready-with-me style videos and beauty advice. A recent video showed her getting ready in Dubai , where she lathered a plethora of creams on her face while 'getting ready', meanwhile other videos reveal her personal and daily skincare routines. According to a Kantar study of the last two years, there's been a 21 per cent rise in Leyla's age group - 11 to 16-year-olds - using anti-ageing moisturisers, while Dr McPherson has admitted treating girls as young as eight who've been adversely affected by the products. '[These products] can not just cause irritation, but can actually develop contact allergies which can be life-long' she told Sky News. She also revealed that such products weren't created for young skin, and coupled with the fact that children may be unaware they have 'eczema-prone skin', it was highly likely they would later end up with facial eczema. The current skincare craze sweeping social media has reached 'crisis point', with children as young as eight now obsessed with the products, warns dermatologist Dr Tess McPherson (Pictured: 13-year-old influencer Layla Eleni on TikTok) The expert also warned that the creams were too costly for youngsters, and feared the mental impact continuous use would have on them. She said to Sky News: 'It doesn't make you happier. We know it can lead to mental health issues. We know it can lead to significant appearance-related concerns, and you might then be more likely to go for cosmetic surgery at a younger and younger age - spending money with risks to both your skin, your health, and your mental health'. Earlier this year Dr Emma Wedgeworth sent a similar warning - saying that some 10-year-olds were using skin creams designed for older women . The British Cosmetic Dermatology Group expert said children as young as 10 are using anti-ageing creams because of social media pressure. Pre-teens are begging parents for moisturisers costing around £50 a jar as they adopt complicated skincare regimes, according to dermatologists. Ingredients like retinol, which is a form of vitamin A, are popular but — while helpful for ageing skin — can cause redness, flaking and rashes on children's faces. Older teenagers risk worsening their acne by using unnecessary and expensive products. She said: 'There are children with extensive skincare routines, who wash their face before using a serum, then a mist, and next a toner, followed by an expensive moisturiser. The expert said fixation on anti-ageing creams and retinols could cause irreversible damage that is 'life long' (Stock image) 'This is completely unnecessary as children only need to wash their face with a gentle fragrance-free cleanser and use a light moisturiser, and sunscreen during the summer months. 'But social media is making children very aware of their appearance and skin, as they compare themselves to influencers, and that is also worrying for their mental health'. Parents are being pestered to buy expensive face creams for their children, because the youngsters see them being used on social media. However some of these products can irritate the skin of pre-pubescent children, and can block the pores of teenagers with more oily skin, making acne worse. Dr Anjali Mahto, a consultant dermatologist at Self London, said: 'I'm aware that at present there is a social media trend for teenagers showcasing their luxury skincare routines (often with many steps), especially on platforms such as TikTok . Dr McPherson also warned that the creams were too costly for youngsters, and feared the mental impact continuous use would have on them (Stock image) 'As a consultant dermatologist, I feel it is essential to emphasise that a 13-year-old's skincare routine should prioritise basic hygiene, rather than unnecessary complexity.' She added: 'Teenagers are sometimes overly concerned about premature ageing. Read More Dermatology experts reveal the common skincare mistakes made by teens and tweens 'I recently saw a 14-year-old in clinic who was concerned about crow's feet. 'She had undoubtedly been influenced by social media and influencers.' Dermatologists say teenagers are following online trends when they should seek medical help for problems such as acne. Dr Wedgeworth said: 'I see my own 12 year old daughter wanting to spend significant time on her skincare routine before and after school. 'I think much of this focus is coming from relatable "girl-next-door" influencers on social media. 'And as a result, many young children are scrutinising their skin, looking out for imperfections and blemishes, far more than is necessary at this age'. Influencer Dubai Share or comment on this article: Social media craze for teenage skincare has reached a 'crisis point', dermatologist warns as she reveals she's treated children as young as 8 for using bad products e-mail Add comment
Vikings right guard Dalton Risner says he’ll continue to get better at new positionSAN FRANCISCO--(BUSINESS WIRE)--Dec 3, 2024-- Salesforce (NYSE: CRM), the #1 AI CRM, today announced results for its third quarter fiscal 2025 ended October 31, 2024. Third Quarter Highlights FY25 Guidance Highlights "We delivered another quarter of exceptional financial performance across revenue, margin, cash flow, and cRPO,” said Marc Benioff, Chair and CEO, Salesforce. “Agentforce, our complete AI system for enterprises built into the Salesforce Platform, is at the heart of a groundbreaking transformation. The rise of autonomous AI agents is revolutionizing global labor, reshaping how industries operate and scale. With Agentforce, we’re not just witnessing the future—we’re leading it, unleashing a new era of digital labor for every business and every industry." “We continue to drive disciplined profitable growth with third quarter GAAP operating margin of 20.0%, up 280 basis points year-over-year, and non-GAAP operating margin of 33.1%, up 190 basis points year-over-year,” said Amy Weaver, President and CFO of Salesforce. “To date, our total capital returns have surpassed $20 billion and we remain focused on driving shareholder value.” Third Quarter Notes Net Income Per Share: Third quarter GAAP diluted net income per share was $1.58 and non-GAAP diluted net income per share was $2.41. During the three months ended October 31, 2024, losses on strategic investments impacted GAAP diluted net income per share by $(0.17) on a U.S. tax rate of 24.5% and non-GAAP diluted net income per share by $(0.18) on a non-GAAP tax rate of 22.0%. Guidance Our guidance includes GAAP and non-GAAP financial measures. Q4 FY25 Guidance 5 Full Year FY25 Guidance 5 Total Revenue $9.90 - $10.10 Billion $37.8 - $38.0 Billion Y/Y Growth 7 - 9% 8 - 9% FX Impact (1) ($25M) Y/Y FX ($100M) Y/Y FX Subscription & Support Revenue Growth (Y/Y) (2)(3) N/A Slightly below 10%, Approx 10% CC GAAP Operating Margin N/A 19.8% Non-GAAP Operating Margin (3) N/A 32.9% GAAP Diluted Net Income per Share (3) $1.55 - $1.60 $6.15 - $6.20 Non-GAAP Diluted Net Income per Share (3) $2.57 - $2.62 $9.98 - $10.03 Operating Cash Flow Growth (Y/Y) N/A 24% to 26% Current Remaining Performance Obligation Growth (Y/Y) Approximately 9% N/A FX Impact (4) ($100M) Y/Y FX N/A (1) Revenue FX impact is calculated by taking the current period rates compared to the prior period average rates. (2) Subscription & Support revenue excludes professional services revenue. (3) Non-GAAP CC revenue growth, non-GAAP operating margin and non-GAAP Diluted net income per share are non-GAAP financial measures. See below for an explanation of non-GAAP financial measures. The Company's shares used in computing GAAP Diluted net income per share guidance and non-GAAP Diluted net income per share guidance excludes any impact to share count from potential Q4 FY25 repurchase activity under our share repurchase program. (4) Current Remaining Performance Obligation FX impact is calculated by taking the current period rates compared to the prior period ending rates. (5) Guidance assumes contributions from acquisitions of Zoomin Software Ltd. and Own Data Company Ltd., which closed in November 2024. The following is a reconciliation of GAAP operating margin guidance to non-GAAP operating margin guidance for the full year: Full Year FY25 Guidance GAAP operating margin (1) 19.8% Plus Amortization of purchased intangibles (2) 4.3% Stock-based compensation expense (2)(3) 8.4% Restructuring (2)(3) 0.4% Non-GAAP operating margin (1) 32.9% (1) GAAP operating margin is the proportion of GAAP income from operations as a percentage of GAAP revenue. Non-GAAP operating margin is the proportion of non-GAAP income from operations as a percentage of GAAP revenue. (2) The percentages shown above have been calculated based on the midpoint of the low and high ends of the revenue guidance for full year FY25. (3) The percentages shown in the restructuring line have been calculated based on charges associated with the Company's restructuring initiatives. Stock-based compensation expense excludes stock-based compensation expense related to the Company's restructuring initiatives, which is included in the restructuring line. The following is a per share reconciliation of GAAP diluted net income per share to non-GAAP diluted net income per share guidance for the next quarter and the full year: Fiscal 2025 Q4 FY25 GAAP diluted net income per share range (1)(2) $1.55 - $1.60 $6.15 - $6.20 Plus Amortization of purchased intangibles $ 0.36 $ 1.66 Stock-based compensation expense $ 0.83 $ 3.27 Restructuring (3) $ 0.01 $ 0.17 Less Income tax effects and adjustments (4) $ (0.18 ) $ (1.27 ) Non-GAAP diluted net income per share (2) $2.57 - $2.62 $9.98 - $10.03 Shares used in computing basic net income per share (millions) (5) 960 962 Shares used in computing diluted net income per share (millions) (5) 978 975 (1) The Company's GAAP tax provision is expected to be approximately 26.0% for the three months ended January 31, 2025 and approximately 20.0% for the year ended January 31, 2025. The GAAP tax rates may fluctuate due to discrete tax items and related effects in conjunction with certain provisions in the Tax Cuts and Jobs Act, future acquisitions or other transactions. (2) The Company's projected GAAP and non-GAAP diluted net income per share assumes no change to the value of our strategic investment portfolio as it is not possible to forecast future gains and losses. The impact of future gains or losses from the Company’s strategic investment portfolio could be material. (3) The estimated impact to GAAP diluted net income per share is in connection with the Company's restructuring initiatives. (4) The Company’s non-GAAP tax provision uses a long-term projected tax rate of 22.0%, which reflects currently available information and could be subject to change. (5) The Company's shares used in computing GAAP net income per share guidance and non-GAAP net income per share guidance excludes any impact to share count from potential Q4 FY25 repurchase activity under our share repurchase program. For additional information regarding non-GAAP financial measures see the reconciliation of results and related explanations below. Management will provide further commentary around these guidance assumptions on its earnings call. Product Releases and Enhancements Three times a year Salesforce delivers new product releases, services, or enhancements to current products and services. These releases are a result of significant research and development investments made over multiple years, designed to help customers drive cost savings, boost efficiency, and build trust. To view our major product releases and other highlights as part of the Winter 2025 Product Release, visit: www.salesforce.com/products/innovation/winter-25-release . Environmental, Social, and Governance (ESG) Strategy To learn more about our latest initiatives and priorities, review our Stakeholder Impact Report: https://salesforce.com/stakeholder-impact-report . Quarterly Conference Call Salesforce plans to host a conference call at 2:00 p.m. (PT) / 5:00 p.m. (ET) to discuss its financial results with the investment community. A live webcast and replay details of the event will be available on the Salesforce Investor Relations website at www.salesforce.com/investor . About Salesforce Salesforce helps organizations of any size reimagine their business for the world of AI. With Agentforce, Salesforce's trusted platform, organizations can bring humans together with agents to drive customer success—powered by AI, data, and action. Visit www.salesforce.com for more information. "Safe harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements about the Company's financial and operating results and guidance, which include, but are not limited to, expected GAAP and non-GAAP financial and other operating and non-operating results, including revenue, net income, net income per share, operating cash flow growth, operating margin, expected revenue growth, expected foreign currency exchange rate impact, expected current remaining performance obligation growth, expected tax rates or provisions, stock-based compensation expenses, amortization of purchased intangibles, shares outstanding, market growth, strategic investments, expected restructuring expense or charges and expected timing of product releases and enhancements. The achievement or success of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, the Company’s results or outcomes could differ materially and adversely from those expressed or implied by our forward-looking statements. Readers are cautioned not to place undue reliance on such forward-looking statements. The risks and uncertainties referred to above include -- but are not limited to -- risks associated with: Further information on these and other factors that could affect the Company’s actual results or outcomes is included in the reports on Forms 10-K, 10-Q and 8-K and in other filings it makes with the Securities and Exchange Commission from time to time. These documents are available on the SEC Filings section of the Financials section of the Company’s website at http://investor.salesforce.com/financials/ . Salesforce, Inc. assumes no obligation and does not intend to revise or update publicly any forward-looking statements for any reason, except as required by law. © 2024 Salesforce, Inc. All rights reserved. Salesforce and other marks are trademarks of Salesforce, Inc. Other brands featured herein may be trademarks of their respective owners. Salesforce, Inc. Condensed Consolidated Statements of Operations (in millions, except per share data) (Unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Revenues: Subscription and support $ 8,879 $ 8,141 $ 26,228 $ 23,789 Professional services and other 565 579 1,674 1,781 Total revenues 9,444 8,720 27,902 25,570 Cost of revenues (1)(2): Subscription and support 1,501 1,571 4,617 4,596 Professional services and other 604 584 1,809 1,797 Total cost of revenues 2,105 2,155 6,426 6,393 Gross profit 7,339 6,565 21,476 19,177 Operating expenses (1)(2): Research and development 1,356 1,204 4,073 3,631 Sales and marketing 3,323 3,173 9,786 9,440 General and administrative 711 632 2,069 1,902 Restructuring 56 55 163 815 Total operating expenses 5,446 5,064 16,091 15,788 Income from operations 1,893 1,501 5,385 3,389 Losses on strategic investments, net (217 ) (72 ) (217 ) (242 ) Other income 70 58 282 158 Income before provision for income taxes 1,746 1,487 5,450 3,305 Provision for income taxes (219 ) (263 ) (961 ) (615 ) Net income $ 1,527 $ 1,224 $ 4,489 $ 2,690 Basic net income per share $ 1.60 $ 1.26 $ 4.66 $ 2.76 Diluted net income per share (3) $ 1.58 $ 1.25 $ 4.60 $ 2.73 Shares used in computing basic net income per share 956 972 963 976 Shares used in computing diluted net income per share 965 981 975 985 (1) Amounts include amortization of intangible assets acquired through business combinations, as follows: Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Cost of revenues $ 131 $ 245 $ 600 $ 743 Sales and marketing 223 223 669 668 (2) Amounts include stock-based compensation expense, as follows: Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Cost of revenues $ 135 $ 109 $ 386 $ 324 Research and development 278 238 814 735 Sales and marketing 312 275 911 815 General and administrative 95 71 267 223 Restructuring 0 0 2 16 (3) During the three months ended October 31, 2024 and 2023, losses on strategic investments impacted GAAP diluted net income per share by $(0.17) and $(0.06) based on a U.S. tax rate of 24.5%, and non-GAAP diluted net income per share by $(0.18) and $(0.06) based on a non-GAAP tax rate of 22.0% and 23.5%, respectively. During the nine months ended October 31, 2024 and 2023, losses on strategic investments impacted GAAP diluted net income per share by $(0.17) and $(0.19) based on a U.S. tax rate of 24.5%, and non-GAAP diluted net income per share by $(0.17) and $(0.19) based on a non-GAAP tax rate of 22.0% and 23.5%, respectively. Salesforce, Inc. Condensed Consolidated Statements of Operations (As a percentage of total revenues) (Unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Revenues: Subscription and support 94 % 93 % 94 % 93 % Professional services and other 6 7 6 7 Total revenues 100 100 100 100 Cost of revenues (1)(2): Subscription and support 16 18 17 18 Professional services and other 6 7 6 7 Total cost of revenues 22 25 23 25 Gross profit 78 75 77 75 Operating expenses (1)(2): Research and development 14 14 15 14 Sales and marketing 35 36 35 37 General and administrative 8 7 7 8 Restructuring 1 1 1 3 Total operating expenses 58 58 58 62 Income from operations 20 17 19 13 Losses on strategic investments, net (3 ) (1 ) 0 (1 ) Other income 1 1 1 1 Income before provision for income taxes 18 17 20 13 Provision for income taxes (2 ) (3 ) (4 ) (2 ) Net income 16 % 14 % 16 % 11 % (1) Amounts include amortization of intangible assets acquired through business combinations as a percentage of total revenues, as follows: Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Cost of revenues 2 % 3 % 2 % 3 % Sales and marketing 2 2 3 3 (2) Amounts include stock-based compensation expense as a percentage of total revenues, as follows: Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Cost of revenues 2 % 1 % 2 % 1 % Research and development 3 3 3 3 Sales and marketing 3 3 3 3 General and administrative 1 1 1 1 Restructuring 0 0 0 0 Salesforce, Inc. Condensed Consolidated Balance Sheets (in millions) October 31, 2024 January 31, 2024 Assets (unaudited) Current assets: Cash and cash equivalents $ 7,997 $ 8,472 Marketable securities 4,760 5,722 Accounts receivable, net 4,741 11,414 Costs capitalized to obtain revenue contracts, net 1,836 1,905 Prepaid expenses and other current assets 2,091 1,561 Total current assets 21,425 29,074 Property and equipment, net 3,416 3,689 Operating lease right-of-use assets, net 2,167 2,366 Noncurrent costs capitalized to obtain revenue contracts, net 2,121 2,515 Strategic investments 4,845 4,848 Goodwill 49,093 48,620 Intangible assets acquired through business combinations, net 4,119 5,278 Deferred tax assets and other assets, net 4,209 3,433 Total assets $ 91,395 $ 99,823 Liabilities and stockholders’ equity Current liabilities: Accounts payable, accrued expenses and other liabilities $ 5,331 $ 6,111 Operating lease liabilities, current 572 518 Unearned revenue 13,472 19,003 Debt, current 0 999 Total current liabilities 19,375 26,631 Noncurrent debt 8,432 8,427 Noncurrent operating lease liabilities 2,420 2,644 Other noncurrent liabilities 2,643 2,475 Total liabilities 32,870 40,177 Stockholders’ equity: Common stock 1 1 Treasury stock, at cost (19,414 ) (11,692 ) Additional paid-in capital 63,114 59,841 Accumulated other comprehensive loss (225 ) (225 ) Retained earnings 15,049 11,721 Total stockholders’ equity 58,525 59,646 Total liabilities and stockholders’ equity $ 91,395 $ 99,823 Salesforce, Inc. Condensed Consolidated Statements of Cash Flows (in millions) (Unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Operating activities: Net income $ 1,527 $ 1,224 $ 4,489 $ 2,690 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization (1) 814 862 2,600 3,006 Amortization of costs capitalized to obtain revenue contracts, net 525 482 1,568 1,428 Stock-based compensation expense 820 693 2,380 2,113 Losses on strategic investments, net 217 72 217 242 Changes in assets and liabilities, net of business combinations: Accounts receivable, net 655 550 6,681 5,905 Costs capitalized to obtain revenue contracts, net (430 ) (300 ) (1,105 ) (906 ) Prepaid expenses and other current assets and other assets (272 ) (407 ) (1,263 ) (750 ) Accounts payable and accrued expenses and other liabilities 32 172 (503 ) (1,607 ) Operating lease liabilities (144 ) (139 ) (387 ) (474 ) Unearned revenue (1,761 ) (1,677 ) (5,555 ) (4,816 ) Net cash provided by operating activities 1,983 1,532 9,122 6,831 Investing activities: Business combinations, net of cash acquired (179 ) (82 ) (517 ) (82 ) Purchases of strategic investments (67 ) (103 ) (374 ) (390 ) Sales of strategic investments 13 80 118 102 Purchases of marketable securities (1,239 ) (661 ) (5,041 ) (2,827 ) Sales of marketable securities 554 315 3,652 1,117 Maturities of marketable securities 905 563 2,439 1,810 Capital expenditures (204 ) (166 ) (504 ) (589 ) Net cash used in investing activities (217 ) (54 ) (227 ) (859 ) Financing activities: Repurchases of common stock (1,285 ) (1,925 ) (7,753 ) (5,928 ) Proceeds from employee stock plans 321 274 1,056 1,085 Principal payments on financing obligations (100 ) (114 ) (505 ) (506 ) Repayments of debt 0 0 (1,000 ) (1,182 ) Payments of dividends (382 ) 0 (1,154 ) 0 Net cash used in financing activities (1,446 ) (1,765 ) (9,356 ) (6,531 ) Effect of exchange rate changes (5 ) (32 ) (14 ) (4 ) Net increase (decrease) in cash and cash equivalents 315 (319 ) (475 ) (563 ) Cash and cash equivalents, beginning of period 7,682 6,772 8,472 7,016 Cash and cash equivalents, end of period $ 7,997 $ 6,453 $ 7,997 $ 6,453 (1) Includes amortization of intangible assets acquired through business combinations, depreciation of fixed assets and amortization and impairment of right-of-use assets. Salesforce, Inc. Additional Metrics (Unaudited) Supplemental Revenue Analysis Remaining Performance Obligation Remaining performance obligation ("RPO") represents contracted revenue that has not yet been recognized, which includes unearned revenue and unbilled amounts that will be recognized as revenue in future periods. RPO is influenced by several factors, including seasonality, the timing of renewals, the timing of term license deliveries, average contract terms and foreign currency exchange rates. Remaining performance obligation is also impacted by acquisitions. Unbilled portions of RPO denominated in foreign currencies are revalued each period based on the period end exchange rates. The portion of RPO that is unbilled is not recorded on the condensed consolidated balance sheets. RPO consisted of the following (in billions): Current Noncurrent Total As of October 31, 2024 $ 26.4 $ 26.7 $ 53.1 As of July 31, 2024 26.5 27.0 53.5 As of April 30, 2024 26.4 27.5 53.9 As of January 31, 2024 27.6 29.3 56.9 As of October 31, 2023 23.9 24.4 48.3 Unearned Revenue Unearned revenue represents amounts that have been invoiced in advance of revenue recognition and is recognized as revenue when transfer of control to customers has occurred or services have been provided. The change in unearned revenue was as follows (in millions): Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Unearned revenue, beginning of period $ 15,222 $ 14,237 $ 19,003 $ 17,376 Billings and other (1) 7,620 6,876 22,158 20,536 Contribution from contract asset 63 167 189 218 Revenue recognized over time (9,023 ) (8,249 ) (26,446 ) (24,264 ) Revenue recognized at a point in time (421 ) (471 ) (1,456 ) (1,306 ) Unearned revenue from business combinations 11 4 24 4 Unearned revenue, end of period $ 13,472 $ 12,564 $ 13,472 $ 12,564 (1) Other includes, for example, the impact of foreign currency translation. Disaggregation of Revenue Subscription and Support Revenue by the Company's service offerings Subscription and support revenues consisted of the following (in millions): Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Sales $ 2,119 $ 1,906 $ 6,188 $ 5,611 Service 2,288 2,074 6,727 6,087 Platform and Other 1,825 1,686 5,329 4,891 Marketing and Commerce 1,334 1,230 3,924 3,638 Integration and Analytics (1) 1,313 1,245 4,060 3,562 $ 8,879 $ 8,141 $ 26,228 $ 23,789 (1) In the fourth quarter of fiscal 2024, the Company renamed the service offering previously referred to as Data to Integration and Analytics, which includes Mulesoft and Tableau. Total Revenue by Geographic Locations Revenues by geographical region consisted of the following (in millions): Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Americas $ 6,220 $ 5,862 $ 18,483 $ 17,113 Europe 2,228 1,998 6,557 5,923 Asia Pacific 996 860 2,862 2,534 $ 9,444 $ 8,720 $ 27,902 $ 25,570 Constant Currency Growth Rates Subscription and support revenues constant currency growth rates by the Company's service offerings were as follows: Three Months Ended O ctober 31, 2024 C ompared to Three Months E nded October 31, 2023 Three Months Ended J uly 31, 2024 C ompared to Three Months E nded July 31, 2023 Three Months Ended O ctober 31, 2023 C ompared to Three Months E nded October 31, 2022 Sales 11% 10% 10% Service 10% 11% 11% Platform and Other 8% 10% 11% Marketing and Commerce 8% 7% 8% Integration and Analytics (1) 5% 14% 22% Total growth 9% 10% 12% (1) In the fourth quarter of fiscal 2024, the Company renamed the service offering previously referred to as Data to Integration and Analytics, which includes Mulesoft and Tableau. Revenue constant currency growth rates by geographical region were as follows: Three Months Ended O ctober 31, 2024 C ompared to Three Months E nded October 31, 2023 Three Months Ended J uly 31, 2024 C ompared to Three Months E nded July 31, 2023 Three Months Ended O ctober 31, 2023 C ompared to Three Months E nded October 31, 2022 Americas 6% 8% 9% Europe 9% 11% 10% Asia Pacific 14% 16% 21% Total growth 8% 9% 10% Current remaining performance obligation constant currency growth rates were as follows: October 31, 2024 C ompared to O ctober 31, 2023 July 31, 2024 C ompared to J uly 31, 2023 October 31, 2023 C ompared to O ctober 31, 2022 Total growth 10% 11% 13% Salesforce, Inc. GAAP Results Reconciled to Non-GAAP Results The following tables reflect selected GAAP results reconciled to Non-GAAP results. (in millions, except per share data) (Unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Non-GAAP income from operations GAAP income from operations $ 1,893 $ 1,501 $ 5,385 $ 3,389 Plus: Amortization of purchased intangibles (1) 354 468 1,269 1,411 Stock-based compensation expense (2)(3) 820 693 2,378 2,097 Restructuring 56 55 163 815 Non-GAAP income from operations $ 3,123 $ 2,717 $ 9,195 $ 7,712 Non-GAAP operating margin as a percentage of revenues Total revenues $ 9,444 $ 8,720 $ 27,902 $ 25,570 GAAP operating margin (4) 20.0 % 17.2 % 19.3 % 13.3 % Non-GAAP operating margin (4) 33.1 % 31.2 % 33.0 % 30.2 % Non-GAAP net income GAAP net income $ 1,527 $ 1,224 $ 4,489 $ 2,690 Plus: Amortization of purchased intangibles (1) 354 468 1,269 1,411 Stock-based compensation expense (2)(3) 820 693 2,378 2,097 Restructuring 56 55 163 815 Income tax effects and adjustments (436 ) (372 ) (1,076 ) (1,177 ) Non-GAAP net income $ 2,321 $ 2,068 $ 7,223 $ 5,836 Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Non-GAAP diluted net income per share GAAP diluted net income per share $ 1.58 $ 1.25 $ 4.60 $ 2.73 Plus: Amortization of purchased intangibles (1) 0.37 0.48 1.30 1.43 Stock-based compensation expense (2)(3) 0.85 0.71 2.44 2.13 Restructuring 0.06 0.06 0.17 0.83 Income tax effects and adjustments (0.45 ) (0.39 ) (1.10 ) (1.19 ) Non-GAAP diluted net income per share $ 2.41 $ 2.11 $ 7.41 $ 5.93 Shares used in computing non-GAAP diluted net income per share 965 981 975 985 (1) Amortization of purchased intangibles was as follows: Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Cost of revenues $ 131 $ 245 $ 600 $ 743 Sales and marketing 223 223 669 668 $ 354 $ 468 $ 1,269 $ 1,411 (2) Stock-based compensation expense, excluding stock-based compensation expense related to restructuring, was as follows: Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Cost of revenues $ 135 $ 109 $ 386 $ 324 Research and development 278 238 814 735 Sales and marketing 312 275 911 815 General and administrative 95 71 267 223 $ 820 $ 693 $ 2,378 $ 2,097 (3) Stock-based compensation expense included in the GAAP to non-GAAP reconciliation tables above excludes stock-based compensation expense related to restructuring activities for each of the three months ended October 31, 2024 and 2023 of $0 million and for the nine months ended October 31, 2024 and 2023 of $2 million and $16 million, respectively, which are included in the restructuring line. (4) GAAP operating margin is the proportion of GAAP income from operations as a percentage of GAAP revenue. Non-GAAP operating margin is the proportion of non-GAAP income from operations as a percentage of GAAP revenue. Non-GAAP income from operations excludes the impact of the amortization of purchased intangibles, stock-based compensation expense and charges associated with the Company's restructuring activities. Salesforce, Inc. Computation of Basic and Diluted GAAP and Non-GAAP Net Income Per Share (in millions, except per share data) (Unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 GAAP Basic Net Income Per Share Net income $ 1,527 $ 1,224 $ 4,489 $ 2,690 Basic net income per share $ 1.60 $ 1.26 $ 4.66 $ 2.76 Shares used in computing basic net income per share 956 972 963 976 Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Non-GAAP Basic Net Income Per Share Non-GAAP net income $ 2,321 $ 2,068 $ 7,223 $ 5,836 Non-GAAP basic net income per share $ 2.43 $ 2.13 $ 7.50 $ 5.98 Shares used in computing non-GAAP basic net income per share 956 972 963 976 Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 GAAP Diluted Net Income Per Share Net income $ 1,527 $ 1,224 $ 4,489 $ 2,690 Diluted net income per share $ 1.58 $ 1.25 $ 4.60 $ 2.73 Shares used in computing diluted net income per share 965 981 975 985 Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Non-GAAP Diluted Net Income Per Share Non-GAAP net income $ 2,321 $ 2,068 $ 7,223 $ 5,836 Non-GAAP diluted net income per share $ 2.41 $ 2.11 $ 7.41 $ 5.92 Shares used in computing non-GAAP diluted net income per share 965 981 975 985 Supplemental Cash Flow Information Computation of Free Cash Flow, a Non-GAAP Measure (in millions) (Unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 GAAP net cash provided by operating activities $ 1,983 $ 1,532 $ 9,122 $ 6,831 Capital expenditures (204 ) (166 ) (504 ) (589 ) Free cash flow $ 1,779 $ 1,366 $ 8,618 $ 6,242 Non-GAAP Financial Measures: This press release includes information about non-GAAP operating margin, non-GAAP net income per share, non-GAAP tax rates, free cash flow, constant currency revenue, constant currency subscription and support revenue growth rate and constant currency current remaining performance obligation growth rates (collectively the “non-GAAP financial measures”). These non-GAAP financial measures are measurements of financial performance that are not prepared in accordance with U.S. generally accepted accounting principles and computational methods may differ from those used by other companies. Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with the Company’s consolidated financial statements prepared in accordance with GAAP. Management uses both GAAP and non-GAAP measures when planning, monitoring and evaluating the Company’s performance. The primary purpose of using non-GAAP measures is to provide supplemental information that may prove useful to investors and to enable investors to evaluate the Company’s results in the same way management does. Management believes that supplementing GAAP disclosure with non-GAAP disclosure provides investors with a more complete view of the Company’s operational performance and allows for meaningful period-to-period comparisons and analysis of trends in the Company’s business. Further to the extent that other companies use similar methods in calculating non-GAAP measures, the provision of supplemental non-GAAP information can allow for a comparison of the Company’s relative performance against other companies that also report non-GAAP operating results. Non-GAAP Operating Margin is the proportion of non-GAAP income from operations as a percentage of GAAP revenue. Non-GAAP income from operations excludes the impact of the following items: stock-based compensation expense, amortization of acquisition-related intangibles and charges associated with the Company's restructuring activities. Non-GAAP net income per share excludes, to the extent applicable, the impact of the following items: stock-based compensation expense, amortization of purchased intangibles, charges related to the Company's restructuring activities and income tax adjustments. These items are excluded because the decisions that give rise to them are not made to increase revenue in a particular period, but instead for the Company’s long-term benefit over multiple periods. As described above, the Company excludes or adjusts for the following in its non-GAAP results and guidance: The Company presents constant currency information to provide a framework for assessing how the Company's underlying business performed excluding the effect of foreign currency rate fluctuations. To present constant currency revenue growth rates, current and comparative prior period results for entities reporting in currencies other than United States dollars are converted into United States dollars at the weighted average exchange rate for the quarter being compared to rather than the actual exchange rates in effect during that period. To present current remaining performance obligation growth rates on a constant currency basis, current remaining performance obligation balances in local currencies in previous comparable periods are converted using the United States dollar currency exchange rate as of the most recent balance sheet date. The Company defines the non-GAAP measure free cash flow as GAAP net cash provided by operating activities, less capital expenditures. View source version on businesswire.com : https://www.businesswire.com/news/home/20241203924824/en/ CONTACT: Mike Spencer Salesforce Investor Relations investor@salesforce.comCarolyn Guss Salesforce Public Relations 415-536-4966 pr@salesforce.com KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: PROFESSIONAL SERVICES BUSINESS TECHNOLOGY SOFTWARE CONSULTING ARTIFICIAL INTELLIGENCE SOURCE: Salesforce Copyright Business Wire 2024. PUB: 12/03/2024 04:01 PM/DISC: 12/03/2024 04:02 PM http://www.businesswire.com/news/home/20241203924824/enGlobal PET Radiotracer Market to Reach USD 3.2 Billion by 2031, Growing at a Robust 8.5% CAGR | TMR Study 12-27-2024 05:33 PM CET | Health & Medicine Press release from: Transparency Market Research PET Radiotracer Market The global PET (Positron Emission Tomography) radiotracer market, valued at USD 1.4 billion in 2021, is poised for substantial growth over the forecast period from 2022 to 2031. With an estimated compound annual growth rate (CAGR) of 8.5%, the market is projected to reach a valuation of USD 3.2 billion by the end of 2031. PET radiotracers are integral to the diagnostic processes in various medical fields, especially in oncology, cardiology, neurology, and endocrinology. These radioactive compounds, when introduced into the body, emit positrons that can be captured by PET scanners to provide valuable insights into the functioning of tissues and organs, offering crucial support for early detection and monitoring of numerous health conditions. Access important conclusions and data points from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=48576 Key Drivers of Market Growth Several key factors are driving the growth of the PET radiotracer market. The increased adoption of PET imaging for precise diagnostic purposes is a primary driver. PET radiotracers, such as F-18 (FDG18) and Ga-68 (FAPI), are in high demand for their superior diagnostic capabilities, particularly in detecting cancers, cardiovascular diseases, and neurological disorders. As a result, healthcare institutions and diagnostic centers worldwide are investing in advanced PET imaging technology. Rising Incidence of Cancer: The global rise in cancer prevalence is a significant factor driving the demand for PET radiotracers. With increasing cancer cases, the need for accurate imaging and early detection techniques like PET scans is more pressing than ever. Radiotracers like FDG18, commonly used in oncology, are essential for identifying and monitoring tumor growth, metastasis, and response to therapy. Advancements in PET Imaging Technology: Technological advancements, including the development of new, more precise radiotracers and enhancements in PET scanner technologies, are further fueling market expansion. These improvements enable earlier and more accurate diagnoses, better treatment monitoring, and reduced healthcare costs through improved patient outcomes. Aging Population: The aging global population contributes to an increased prevalence of diseases such as Alzheimer's, Parkinson's, and other neurological conditions, thereby expanding the demand for PET radiotracers used in diagnosing and managing these disorders. Companies Profiled Key players in the PET radiotracer market include: •ABX Advanced Biochemical Compounds GmbH •Blue Earth Diagnostics •Cardinal Health •Eli Lilly and Company •GE Healthcare •IBA Radiopharma Solutions •Jubilant Pharma Limited •Lantheus Holdings, Inc. •Siemens Healthineers AG •Yantai Dongcheng Pharmaceutical Group Co., Ltd. These companies are leading the way in product innovation, market expansion, and technological advancements, contributing to the continued growth of the global PET radiotracer market. Key Player Strategies The competitive landscape of the PET radiotracer market is marked by the presence of key industry players, each employing various strategies to strengthen their market position. Leading companies such as GE Healthcare, Cardinal Health, Eli Lilly and Company, and Siemens Healthineers AG are leveraging innovation, strategic partnerships, and acquisitions to expand their product portfolios and enhance their market reach. •Partnerships and Collaborations: Major players are forming strategic alliances to develop and distribute PET radiotracers globally. For example, collaborations between radiopharmaceutical companies and healthcare providers enable wider access to cutting-edge PET imaging services. •Focus on R&D: Companies are investing heavily in R&D to develop next-generation radiotracers with higher precision, lower costs, and improved targeting capabilities. The introduction of radiotracers for specific diseases, such as Ga-68 [FAPI] for cancer imaging, is an example of innovation tailored to meet specific clinical needs. •Geographic Expansion: As emerging markets such as China, India, and Latin America experience healthcare infrastructure improvements, leading players are expanding their operations in these regions to tap into the growing demand for advanced diagnostic imaging. Market Challenges and Opportunities Despite the promising growth prospects, the PET radiotracer market faces several challenges that could hinder its expansion. The high cost of PET imaging systems and radiotracers is a significant barrier, particularly in developing regions. Additionally, the need for specialized facilities and skilled professionals to handle and administer radioactive compounds can increase operational complexities and costs for healthcare providers. However, these challenges also present opportunities. Increased investment in research and development (R&D) aimed at developing more cost-effective and efficient PET radiotracers can open new markets and increase accessibility. Governments and healthcare organizations are increasingly recognizing the importance of early diagnosis in managing chronic diseases, which could lead to increased funding for PET imaging solutions. Visit our report for a deep dive into key insights and conclusions - https://www.transparencymarketresearch.com/pet-radiotracer-market.html Market Segmentation The PET radiotracer market is segmented based on product type, application, and region. •Product Type: oF-18 (FDG18): The most widely used radiotracer, FDG18, is primarily used in oncology for tumor imaging. It remains the most dominant segment in the market. oGa-68 (FAPI): An emerging radiotracer, Ga-68 is gaining traction in oncology for its ability to target specific types of tumors. oOther Radiotracers: This includes various other compounds used for specialized imaging in areas such as cardiovascular diseases, neurological disorders, and endocrine system diseases. •Application: oCancer: PET radiotracers, especially FDG18, are crucial in oncology, enabling early detection, tumor staging, and monitoring treatment responses. oHeart Disease: Radiotracers like FDG18 play a significant role in diagnosing heart conditions such as ischemic heart disease and assessing myocardial viability. oGastrointestinal: PET imaging is useful for detecting gastrointestinal cancers and conditions. oNeurological Disorders: PET radiotracers are increasingly used in diagnosing neurological diseases, including Alzheimer's, Parkinson's, and epilepsy. oEndocrine and Other Disorders: Other applications include diagnosing thyroid, adrenal, and pituitary gland diseases. •Region: oNorth America: Dominates the market due to advanced healthcare infrastructure, high awareness, and strong demand for PET scans. oEurope: The second-largest market, driven by increasing government healthcare spending and a rising number of cancer cases. oAsia-Pacific: Expected to witness the highest growth due to improvements in healthcare infrastructure, increasing disposable incomes, and rising disease prevalence. oRest of the World: Latin America, the Middle East, and Africa are seeing steady market growth as healthcare access improves. Future Outlook and Market Trends The PET radiotracer market is expected to continue its strong growth trajectory due to the increasing demand for non-invasive imaging methods that can detect diseases at an early stage. Market participants will likely focus on developing radiotracers for specific disease types, enhancing precision, and lowering costs. Furthermore, innovations in PET imaging technology, including hybrid PET/MRI systems, will continue to drive advancements in diagnostic capabilities. As healthcare systems worldwide focus on personalized medicine and early detection, the demand for PET radiotracers is expected to surge, offering both significant opportunities and challenges to market players. With strategic investments in R&D, partnerships, and geographic expansion, the PET radiotracer market will continue to evolve and expand in the coming years. Access important conclusions and data points from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=48576 More Trending Reports: Acute Agitation and Aggression Treatment Market: https://www.transparencymarketresearch.com/acute-agitation-and-aggression-treatment-market.html Nephropathic Cystinosis Treatment Market: https://www.transparencymarketresearch.com/nephropathic-cystinosis-treatment-market.html About Us Transparency Market Research Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports. Contact Us: Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Website: https://www.transparencymarketresearch.com Email: sales@transparencymarketresearch.com This release was published on openPR.
Should the U.S. increase immigration levels for highly skilled workers?Manufacturer marks Official Supplier status with 5 millionth tankless water heater donation and 50-year anniversary milestone PEACHTREE CITY, Ga. , Dec. 19, 2024 /PRNewswire/ -- Rinnai America Corporation — manufacturer of a leading brand of tankless gas water heaters in North America — is proud to announce a landmark partnership with Homes For Our Troops (HFOT), a nonprofit organization dedicated to building and donating specially adapted custom homes nationwide for severely injured post-9/11 Veterans, to enable them to rebuild their lives. The new agreement makes Rinnai the Official Supplier of water heaters for new homes across the country through 2027. This exclusive collaboration strengthens both organizations' shared commitment to providing Veterans and their families with the resources they need to rebuild their lives after service. Also celebrating 50 years in North America , Rinnai marked the occasion by donating the 5 millionth tankless water heater manufactured at its state-of-the-art facility in Griffin, Georgia for a new home under construction in Texas . "Celebrating 50 years and reaching 5 million tankless water heaters sold in the North American market are significant milestones for us but knowing that our donation is helping a Veteran and their family start a new chapter in life is incredibly meaningful," said Frank Windsor , President, Rinnai America Corporation. "We are honored to help restore some of the freedom and independence to the brave men and women who have sacrificed so much defending our country. Our continued partnership with Homes For Our Troops is a powerful way for us to give back and deliver our brand promise of 'Creating a healthier way of living'." Since its inception in 2004, HFOT has built over 400 homes. Each specially adapted energy efficient home is designed to comfortably raise a family while limiting future expenses. Equipped with Rinnai's durable and highly energy efficient products, the homes constructed as part of this partnership will help reduce the families' long-term utility costs and serve as a safe and welcoming place to call home for years to come. "We are incredibly proud to extend our partnership with Rinnai. The company's passion for assisting Veterans and their families significantly helps us advance our mission of Building Homes and Rebuilding Lives for severely injured post-9/11 Veterans," said HFOT President/CEO, Brig. Gen., USA (Ret) Tom Landwermeyer . "These Veterans face enormous challenges, and through this partnership, we are also providing the comfort and convenience of a high-quality water heater to help create a home that promotes healing and independence." Army SGT Christopher Leverkuhn will receive the 5 millionth product, a SENSEI ® RX Series, for his home currently under construction in Kerrville, Texas . The most advanced condensing tankless water heater on the market, it sets the standard for efficiency at 0.98 UEF and creates a healthier way of living by delivering the ultimate in comfort, smart design and unlimited hot water. Over the next three years, Rinnai will donate appropriate products with features ideal for the hot water demands of each Veterans' home. Many will receive Rinnai's newest condensing tankless water heater, the SENSEI RXP. This product comes equipped with a built-in recirculation pump to deliver faster hot water to the faucet. Rinnai will also provide its RWM200 WiFi module, which can be used with the Rinnai Central TM app to control temperature and recirculation patterns. Veterans may also receive Rinnai's new electric heat pump water heater , one of the most sustainable electric water heating solutions available, meeting highest efficiency standards while reducing energy usage and costs. The agreement highlights the growing commitment of the sustainable manufacturer's corporate responsibility and charitable giving in addressing the needs of Veterans and their families. In addition to HFOT, Rinnai partners with Folds of Honor, a nonprofit organization that provides educational scholarships to the spouses and children of military members who have fallen or been disabled while serving in the United States Armed Forces. These organizations prove that partnerships can lead to lasting change and help those who have given so much for their country. About Homes For Our Troops: Homes For Our Troops (HFOT) is a publicly funded 501(c)(3) nonprofit organization that builds and donates specially adapted custom homes nationwide for severely injured post-9/11 Veterans, to enable them to rebuild their lives. Most of these Veterans have sustained injuries including multiple limb amputations, partial or full paralysis, and/or severe traumatic brain injury (TBI). These homes restore some of the freedom and independence our Veterans sacrificed while defending our country, and enable them to focus on their family, recovery, and rebuilding their lives. Since its inception in 2004, nearly 90 cents of every dollar spent has gone to our program services for Veterans. HFOT builds these homes where the veteran chooses to live and continues its relationship with the Veterans after home delivery to assist them with rebuilding their lives. www.hfotusa.org . About Rinnai: Rinnai America Corporation, a subsidiary of Rinnai Corporation in Nagoya, Japan , was established in 1974 and is headquartered in Peachtree City, Georgia . Rinnai Corporation manufactures gas appliances, including tankless water heaters, a wide range of kitchen appliances, and heating and air conditioning units. As the technology leader in its industry, Rinnai is the largest gas appliance manufacturer in Japan and is the No. 1 selling brand of tankless gas water heaters in the United States and Canada . Annual corporate revenues, including those of its subsidiaries, are in excess of $3.3 billion . With a global perspective to create 21st-century products for the home and business, Rinnai Corporation commits itself to safety and Creating a healthier way of living ® . For more information about Rinnai's entire product line, visit www.rinnai.us . Copyright 2024. All rights reserved. Rinnai ® and Creating a healthier way of living ® are the registered trademarks of Rinnai Corporation used under license by Rinnai America Corporation. View original content to download multimedia: https://www.prnewswire.com/news-releases/rinnai-america-joins-forces-with-homes-for-our-troops-to-aid-injured-veterans-302336611.html SOURCE Rinnai America Corporation
Musk ascends as a political force beyond his wealth by tanking budget deal
KYIV, Ukraine — NATO and Ukraine will hold emergency talks Tuesday after Russia attacked a central city with an experimental, hypersonic ballistic missile. escalating the nearly 33-month-old war. The conflict is “entering a decisive phase,” Poland’s Prime Minister Donald Tusk said Friday, and “taking on very dramatic dimensions.” Ukraine’s parliament canceled a session as security was tightened following Thursday’s Russian strike on a military facility in the city of Dnipro. In a stark warning to the West, President Vladimir Putin said in a nationally televised speech the attack with the intermediate-range Oreshnik missile was in retaliation for Kyiv’s use of U.S. and British longer-range missiles capable of striking deeper into Russian territory. Putin said Western air defense systems would be powerless to stop the new missile. People are also reading... 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Police, sheriff talk about what Trump's mass deportation plan could mean for Tulsa James Franco visits Outsiders House Museum Mike Gundy preparing to send Ollie Gordon, Nick Martin, Collin Oliver to NFL Draft Video: Stephen Colbert counts Ryan Walters among 'far-right weirdos' Trump could hire Ukrainian military officials said the missile that hit Dnipro reached a speed of Mach 11 and carried six nonnuclear warheads, each releasing six submunitions. Speaking Friday to military and weapons industries officials, Putin said Russia will launch production of the Oreshnik. “No one in the world has such weapons,” he said. “Sooner or later, other leading countries will also get them. We are aware that they are under development. “We have this system now,” he added. “And this is important.” Putin said that while it isn’t an intercontinental missile, it’s so powerful that the use of several of them fitted with conventional warheads in one attack could be as devastating as a strike with strategic — or nuclear — weapons. Gen. Sergei Karakayev, head of Russia’s Strategic Missile Forces, said the Oreshnik could reach targets across Europe and be fitted with nuclear or conventional warheads, echoing Putin’s claim that even with conventional warheads, “the massive use of the weapon would be comparable in effect to the use of nuclear weapons.” Kremlin spokesman Dmitry Peskov kept up Russia's bellicose tone on Friday, blaming “the reckless decisions and actions of Western countries” in supplying weapons to Ukraine to strike Russia. "The Russian side has clearly demonstrated its capabilities, and the contours of further retaliatory actions in the event that our concerns were not taken into account have also been quite clearly outlined," he said. Hungarian Prime Minister Viktor Orbán, widely seen as having the warmest relations with the Kremlin in the European Union, echoed Moscow’s talking points, suggesting the use of U.S.-supplied weapons in Ukraine likely requires direct American involvement. “These are rockets that are fired and then guided to a target via an electronic system, which requires the world’s most advanced technology and satellite communications capability,” Orbán said on state radio. “There is a strong assumption ... that these missiles cannot be guided without the assistance of American personnel.” Orbán cautioned against underestimating Russia’s responses, emphasizing that the country’s recent modifications to its nuclear deployment doctrine should not be dismissed as a “bluff.” “It’s not a trick ... there will be consequences,” he said. Separately in Kyiv, Czech Foreign Minister Jan Lipavský called Thursday’s missile strike an “escalatory step and an attempt of the Russian dictator to scare the population of Ukraine and to scare the population of Europe.” At a news conference with Ukrainian Foreign Minister Andrii Sybiha, Lipavský also expressed his full support for delivering the necessary additional air defense systems to protect Ukrainian civilians from the “heinous attacks.” He said the Czech Republic will impose no limits on the use of its weapons and equipment given to Ukraine. Three lawmakers from Ukraine's parliament, the Verkhovna Rada, confirmed that Friday's previously scheduled session was called off due to the ongoing threat of Russian missiles targeting government buildings in central Kyiv. In addition, there also was a recommendation to limit the work of all commercial offices and nongovernmental organizations "in that perimeter, and local residents were warned of the increased threat,” said lawmaker Mykyta Poturaiev, who said it's not the first time such a threat has been received. Ukraine’s Main Intelligence Directorate said the Oreshnik missile was fired from the Kapustin Yar 4th Missile Test Range in Russia’s Astrakhan region and flew 15 minutes before striking Dnipro. Test launches of a similar missile were conducted in October 2023 and June 2024, the directorate said. The Pentagon confirmed the missile was a new, experimental type of intermediate-range missile based on its RS-26 Rubezh intercontinental ballistic missile. Thursday's attack struck the Pivdenmash plant that built ICBMs when Ukraine was part of the Soviet Union. The military facility is located about 4 miles southwest of the center of Dnipro, a city of about 1 million that is Ukraine’s fourth-largest and a key hub for military supplies and humanitarian aid, and is home to one of the country’s largest hospitals for treating wounded soldiers from the front before their transfer to Kyiv or abroad.Prediction: 10 Years From Now, You’ll Be Glad You Bought These Magnificent TSX Dividend Stocks
NEW YORK (AP) — President-elect Donald Trump’s lawyers formally asked a judge Monday to throw out his hush money criminal conviction, arguing continuing the case would present unconstitutional “disruptions to the institution of the Presidency.“ In a filing made public Tuesday, Trump’s lawyers told Manhattan Judge Juan M. Merchan that dismissal is warranted because of the extraordinary circumstances of his impending return to the White House. “Wrongly continuing proceedings in this failed lawfare case disrupts President Trump’s transition efforts,” the attorneys continued, before citing the “overwhelming national mandate granted to him by the American people on November 5, 2024.” Prosecutors will have until Dec. 9 to respond. They have said they will fight any efforts to dismiss the case but have indicated openness to delaying sentencing until after Trump’s second term ends in 2029. Following Trump’s election victory last month, Merchan halted proceedings and indefinitely postponed his sentencing, previously scheduled for late November, to allow the defense and prosecution to weigh in on the future of the case. He also delayed a decision on Trump’s prior bid to dismiss the case on immunity grounds. Trump has been fighting for months to reverse the conviction, which involved efforts to conceal a $130,000 payment to porn actor Stormy Daniels, whose affair allegations threatened to disrupt his 2016 campaign. He has denied any wrongdoing. Trump takes office Jan. 20. Merchan hasn’t set a timetable for a decision. A dismissal would erase Trump’s historic conviction, sparing him the cloud of a criminal record and possible prison sentence. Trump is the first former president to be convicted of a crime and the first convicted criminal to be elected to the office. Merchan could also decide to uphold the verdict and proceed to sentencing, delay the case until Trump leaves office, wait until a federal appeals court rules on Trump’s parallel effort to get the case moved out of state court or choose some other option.Thousands of affordable homes needed in the Vale over the coming years
Migrants give ‘Tripadvisor-style’ reviews for people-smugglersPhoto provided by Adobe Stock As holiday festivities come to a close, working parents often find themselves facing the intimidating task of transitioning back into a school routine. Balancing professional commitments, family needs and personal wellness can be overwhelming, but you can easily make it through this busy season with the right strategies and resources. This survival guide provides practical tips and innovative solutions to help you manage your time effectively while ensuring your family is well cared for. Face the post-holiday hustle with confidence and discover how to make this back-to-school season a positive experience for parents and children alike. 1. Stay Connected (and Safer!) With Bark Technologies Making sure children stay connected while remaining safe online is a top priority for parents. Choosing the right phone and plan for kids can help facilitate communication everywhere, from school drop-off to soccer practice, giving parents some much-needed peace of mind. People are also reading... Bark Technologies has created innovative kids phones with built-in safety features called the Bark Phone. These state-of-the-art Samsung smartphones help you manage your children’s screen time, monitor their online interactions and more, providing a comprehensive approach to digital safety. Bark's advanced content monitoring system analyzes text messages, social media activity and more and will alert parents to potential issues such as cyberbullying or inappropriate content. This proactive approach allows you to intervene when necessary while encouraging open conversations about online behavior. With the Bark Phone, you can help ensure your children are connected to friends and family while navigating the online world safely. 2. Manage Symptoms With O Positiv Photo provided by O Positiv Helping your kids transition back to school while dealing with the often-intrusive symptoms of menopause can be an enormous challenge. Thankfully, the MENO menopause supplements from O Positiv are here to save the day. Dedicated to providing products designed to specifically address women’s needs, O Positiv is proud to offer a supplement that can help you manage the symptoms of menopause. Hormone-free and science-backed, this supplement can target hot flashes, night sweats, mood swings and occasional sleeplessness. With just two vegan capsules a day, you can harness the power of some of nature’s strongest ingredients and take control of your menopause journey. Some of these natural superstars include Black Cohosh, Chasteberry, Vitamin D3, Vitamin B6 and Ashwagandha KSM-66. Black Cohosh, for example, has been used for thousands of years to provide relief from hot flashes and night sweats. Meanwhile, ashwagandha has been used traditionally to help support a healthy response to stress while supporting a better night’s sleep, while Chasteberry can help decrease prolactin levels to help rebalance other hormones. These ingredients mean menopause doesn’t have to stop you from helping your kids transition back to school while you get back to business. 3. Choose the Right Dog Food With The Pets Table Photo provided by The Pets Table Ensuring that a beloved dog receives the right nutrition is essential for maintaining their overall health and happiness. While you may worry about having enough time to care for your kids, your pets, your business and yourself, there’s an easier way to make meal times for your pets a no-brainer. The Pets Table offers a personalized approach to dog food, starting with a simple quiz about your pup’s specific needs and preferences. By understanding factors such as age, weight and dietary restrictions, The Pets Table creates a tailored meal plan that best suits each individual dog. With a variety of options available, including Fresh, Air-Dried, Mixed, and Half of Fresh plans, pet owners can choose meals that provide a balanced combination of proteins, vegetables and superfoods. Fresh meals are prepared with human-grade ingredients, while the air-dried options offer a minimally processed alternative to kibble. This range ensures that even the pickiest eaters can find a nutritious and delicious option that excites their taste buds and supports their overall wellness. 4. Manage Work-Life Balance With Zoom Maintaining a healthy work-life balance is vital for working parents, and a small business phone from Zoom can be an invaluable tool in supporting seamless communication. Between school pick-ups, Monday meetings and family dinners at home, it can be easy to worry about missing a message or forgetting about a task. Zoom’s VoIP phone makes that stress a thing of the past with user-friendly features that provide an easy way to communicate with colleagues, clients and family members. This flexibility allows you to manage business responsibilities while still being present for your children. Zoom’s cloud phone is like a personal assistant in your pocket, providing functionalities like post-call summaries, voicemail task extraction and voicemail prioritization. These features enable parents to handle business calls and meetings efficiently — even if they miss a call or two. By keeping professional and personal communications organized in one place, you can minimize distractions and maximize their productivity. Also, having a dedicated business phone helps establish boundaries between your professional and home life. Designating specific hours for business-related calls and messages helps you ensure you remain engaged with your family during personal time. 5. Boost Your System With Fatty15 Photo provided by Fatty15 If you’re a working parent, then you already know that your overall health and wellness are integral to keeping your family and business running. That’s why it’s a great idea to start the year off right by taking the C15 supplement from Fatty15. As you get ready to help your kids transition back to school, help your cells out with this revolutionary supplement. C15:0 is an essential fatty acid, and it becomes especially important as you age. You might be familiar with omega-3, another essential fatty acid. Although they’re similar, C15:0 has three times the benefits of omega-3, which makes it a must-have for a healthy, happy body. That being said, the turn away from full-fat dairy products means that people are getting less and less C15 in their diets. However, thanks to these vegan capsules from Fatty15, you can easily incorporate this vital nutrient into your diet by taking just one capsule per day. When you start taking C15, you may notice several positive changes. Within just six weeks of starting to take these supplements, two out of three customers report calmer mood, deeper sleep and less desire to snack throughout the day. Fatty15 may also promote a healthy metabolism, immune functioning, gut health and heart health, making it an all-around winner for working parents. 6. Streamline Scheduling With Eden Photo provided by Eden Listen now and subscribe: Apple Podcasts | Google Podcasts | Spotify | RSS Feed | SoundStack For working parents juggling multiple responsibilities, efficient scheduling can turn a hectic day into a well-oiled machine. Eden’s desk booking software can simplify the process of managing office space and resources, making it easier for you to coordinate business schedules around your family needs. With intuitive features that allow users to reserve desks, meeting rooms and conference rooms, this software enhances office organization and increases efficiencies. Eden’s desk booking system provides availability day of and in advance, which enables you to plan your in-office days with confidence. By having visibility into when and where they can work, you can better align your schedule with school drop-offs, pick-ups and other family commitments. This flexibility contributes to a more productive corporate environment and ensures that employees can make the most of their days at the office. 7. Build Community With Hero Journey Club Building a sense of community is essential for mental well-being, especially for kids as they go back to school after the holidays. Hero Journey Club offers a fun solution through its subclinical group mental health sessions conducted in popular video games. Hero Journey Club’s innovative approach allows kids to connect with others in a relaxed and enjoyable setting, making social connections while addressing mental health needs like anger management for kids. Each session is limited to a small number of members to create an intimate environment that encourages open dialogue and support. Participants engage using online usernames and avatars, which allows for anonymity that can help reduce any stigma associated with discussing mental health. This setting cultivates a safe space where kids can share their experiences, challenges and desires, all while enjoying the immersive worlds of their favorite. By joining the Hero Journey Club, your kids can tap into a game-loving community. These sessions will provide subclinical mental health support and offer a fun way to unwind and reconnect with themselves and others, ultimately enhancing their overall well-being and resilience. 8. Prioritize Leisure With Ghost Golf Balancing professional needs and family life can be challenging for parents, often leaving little room for personal leisure activities. Ghost Golf understands you need a little “me time,” offering golf bags designed for convenience and style that make it easier to incorporate leisure into a busy schedule. With the right gear, finding an opportunity for a round of golf becomes more manageable, allowing you to unwind and enjoy your favorite sport. Ghost Golf bags are crafted with features that cater to functionality and aesthetics. Easy to carry and durable, these bags offer ample storage space for clubs, accessories, and personal items to ensure you have everything you need for a day on the course within reach. This attention to detail encourages you to prioritize leisure and engage in activities that promote relaxation and mental well-being. Plus, you can always turn your weekly self-care Sunday on the links into a valuable networking opportunity, helping you pull double duty and manage your schedule more efficiently. With Ghost Golf bags, you can easily transition from your responsibilities to the golf course to create a healthy work-life balance. 9. Enhance Your Pet's Mobility With Antinol Plus Pets are cherished members of the family, and their well-being is a priority for working parents. Antinol Plus offers a powerful natural joint supplement that significantly enhances the mobility and quality of life of your beloved pups. Antinol Plus is formulated from a proprietary blend of green-lipped mussel oil and Antarctic Krill. The mussel oil is sustainably sourced from New Zealand’s waters, which are said to be among the cleanest on the planet. Meanwhile, Antarctica’s nutrient-dense waters make it an ideal source for this supplement’s krill. Antinol Plus allows pet owners to take a proactive approach to their pets' health and support a healthy inflammatory response. Enhanced mobility means more playtime, longer walks and an overall happier pet, which contributes to the emotional well-being of both pets and their owners. With Antinol Plus, you can feel confident that you are investing in your pets' long-term health so that your beloved companions can keep up with your active lifestyles. 10. Keep Your Space Clean With Tumble Maintaining a clean and organized home can be a time-consuming task for busy parents, especially when children and pets are part of the equation. Tumble washable rugs provide a practical solution to the challenges of keeping floors neat and tidy. These rugs are designed to be easily cleaned in the washing machine, which makes it simple to remove stains, spills, and dirt without the hassle of traditional rug cleaning methods. Tumble rugs come in a variety of styles and sizes, so you can choose options that complement your home décor while also taking one more thing off your to-do list. The durable materials used in these rugs ensure they can withstand the wear and tear of everyday life, making them an excellent investment for families. With Tumble washable rugs in the home, you can focus on enjoying nights with your family instead of worrying about constant clean-ups. 11. Radiate Wellness With BUBS Naturals Maintaining personal health often takes a backseat for parents after the holidays. BUBS Naturals collagen peptides powder offers a convenient way to support skin, joint and overall health, making it easier to prioritize wellness. This tasteless powder is designed to fit seamlessly into a busy lifestyle and provide essential nutrients without adding complexity to daily routines. Collagen peptides powders from BUBS Naturals are derived from high-quality bovine sources to ensure that users receive the maximum benefits. Incorporating these peptides into a morning smoothie or coffee enhances the nutritional profile of meals and promotes healthy skin, hair, nails and joint function. The ease of use encourages caretakers to take proactive steps toward their health without sacrificing their precious time. By focusing on health with BUBS Naturals collagen peptides, you can feel more ready to tackle your busy schedule with confidence. Supporting personal wellness ultimately benefits the entire family because healthier parents can engage more fully in their children’s lives and create a positive cycle of well-being and active living. 12. Facilitate Family Fun With Dobble Dobble is an exciting speed and observation game that brings families together for hours of fun. The game's objective is simple: Players must quickly spot the one matching symbol between two cards. The first to identify and name the symbol wins the card, making for a fast-paced and engaging experience suitable for all ages. With its quick rounds and easy-to-understand rules, Dobble encourages friendly competition and sharpens observation skills. It’s perfect for family game nights or gatherings, ensuring everyone stays entertained while strengthening bonds through laughter and teamwork. This game is a delightful addition to any family's collection, offering endless fun for both kids and adults. 13. Simplify Meals With Half-Baked Harvest Quick & Cozy The Half Baked Harvest Quick & Cozy is an ideal resource for busy families looking to simplify mealtime without sacrificing flavor. Featuring easy-to-follow recipes that focus on comfort food, this cookbook makes it easy to whip up satisfying dishes in minimal time. With a range of recipes catering to various tastes and dietary preferences, this cookbook encourages creativity in the kitchen while keeping prep and cooking times manageable. It transforms weeknight dinners into enjoyable experiences and makes meal planning a breeze for working caretakers. Start the New Semester With Confidence The strategies and products discussed in this guide can provide valuable support for working parents navigating post-holiday challenges. By prioritizing well-being and nurturing family connections, you can confidently approach the new school year equipped with tools that foster balance and create lasting memories. Good luck! Stay up-to-date on what's happening
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RALEIGH, N.C. (AP) — Aziaha James had 21 points, eight rebounds and five assists, Devyn Quigley scored a career-high 20 points and made four 3-pointers and NC State beat Coastal Carolina 89-68 on Thursday. NC State had its lead trimmed to 54-46 midway through the third quarter before James scored five straight points to begin a 13-2 run that ended in a 19-point lead. Quigley took over in the fourth, making three 3-pointers and scoring 15 points. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get the latest sports news delivered right to your inbox six days a week.