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Georgia quarterback Carson Beck has been ruled out for the second half of Saturday's SEC Championship Game against Texas after being injured on the final play of the first half. Texas' Trey Moore forced a fumble on Beck's pass attempt, appearing to injure the Georgia quarterback's throwing arm. Beck remained motionless on the field for a short time before joining the team in the locker room. Coach Kirby Smart told ESPN at halftime that Beck was done for the day. During the third quarter, Beck was seen with ice on his right elbow. Beck completed 7 of 13 passes for 56 yards and was sacked once before exiting. Georgia backup Gunner Stockton entered and led Georgia on a 10-play, 75-yard opening second-half drive, giving the Bulldogs their first lead at 10-6. Bulldogs punter Brett Thorson injured his left knee in the third quarter and was ruled out of the contest. He was taken off on a cart. --Field Level MediaKeybanc analyst Brandon Nispel downgraded T-Mobile US Inc TMUS from Overweight to Sector Weight . The rerating reflects the valuation, which Nispel noted as stretched, and was unwilling to raise his price target to justify the valuation. The analyst noted a lot to like in the business that has proven to be the market share leader in Wireless for nearly the past decade, and its FWA business has proven to be accretive. Also Read: Synopsys Proposes Divesting Units, Including Ansys PowerArtist, For $35 Billion EU Deal Approval However, going forward, the competitive environment seems to be shifting toward a converged offering, with T-Mobile making acquisitions in the Fiber business at significant multiples that have yet to be proven. In addition, with T-Mobile guiding to ~5% EBITDA growth in fiscal 2025, this is still a significant deceleration from ~9% in fiscal 2024 and compares to AT&T Inc’s Mobility business adjusted EBITDA guidance of 3%- 4%. T-Mobile is trading at ~9.3 times Nispel’s above consensus fiscal 2026 adjusted EBITDA estimates and ~15.1 times his fiscal 2026 price to free cash flow ratio, which compares to T-Mobile’s 3-year average of ~9.3 times and ~15.5 times, respectively, and current AT&T and Verizon Communications Inc. average of ~6.3 times and ~10.1 times, respectively. Nispel noted these multiples reflect T-Mobile’s execution and premium growth profile. While the valuation could expand over the short term, the company has signaled through a reduction in the buyback that the stock is expensive and noted there are limits. T-Mobile has guided investors to 5% adjusted EBITDA growth in fiscal 2025, a significant slowdown versus fiscal 2024 expected adjusted EBITDA growth of ~9%. Free cash flow growth is also expected to slow to ~2% by Nispel’s estimates and ~4% for consensus, down from his estimate of 25% year-on-year in fiscal 2024. T-Mobile has spoken about investments in the business, headwinds from ACP, and wholesale affecting EBITDA. In addition, cash taxes should be higher as T-Mobile becomes a full cash taxpayer, and T-Mobile has guided to higher capex, both of which will affect free cash flow. With T-Mobile’s valuation at a premium and growth expected to slow, Nispel sought better relative value. In that regard, he noted AT&T’s 3% or greater adjusted EBITDA growth appears relatively attractive, given AT&T is trading at ~6.2 times his fiscal 2026 adjusted EBITDA. When looking at AT&T excluding Business Wireline, he expects AT&T’s Mobility and Consumer Wireline growth to be 5.4% in fiscal 20’25, making AT&T appear relatively attractive. At current levels, Nispel noted T-Mobile as fairly valued. Nispel projected fourth-quarter revenue of $21.41 billion and EPS of $2.36. Price Action: TMUS stock is down 0.74% at $232.60 at last check Thursday. Also Read: Ciena Q4 Earnings: Profit Misses Expectations, Margins Decline, Names New Chair © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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United, Apple rolling out new way to track lost luggage with AirTagsWake Forest keeps Detroit Mercy at arm's length for win
‘World at dawn of third nuclear age’, armed forces chief warnsPSG ‘dead’ without bigger stadium, warn Qatari owners PARIS: Paris Saint-Germain president Nasser al-Khelaifi said Thursday the club needs “to build a new stadium as quickly as possible” away from the Parc des Princes, which is owned by city authorities, if they want to compete against their European rivals. “I really like the Parc, everyone does. If I listen to my heart, we ́re not leaving. But everyone in Europe has stadiums with 80,000, 90,000 seats... We need it, otherwise we ́re dead,” the Qatari told French radio during the inauguration of the team ́s new training centre. PSG ́s owners have had several failed attempts to buy the iconic 48,000-capacity stadium, which was originally built in 1897 and redeveloped into its current form in 1972. “We are in France, but also in Europe. The city does not give us a choice,” insisted Al-Khelaifi. “I don ́t do politics. For us, we need a stadium ready in 3-4 years, we have no time to lose, otherwise we are behind other clubs in Europe.
Military establishment distances itself from ongoing PTI-govt talksTetairoa McMillan, one of the best wide receivers in Arizona history, will skip his final year of eligibility and enter the 2025 NFL Draft, he announced on social media on Thursday. Projected as a top-10 draft pick, the 6-foot-5, 212-pound McMillan finished his illustrious career at Arizona with 3,423 receiving yards, breaking the mark set by Bobby Wade (3,351). In three seasons, the Hawaii native also posted the fourth-most catches (213) and third-most touchdowns (26) in school history. "Wildcat Nation, this journey has been everything I dreamed of and more," McMillan wrote on Instagram. "From the moment I committed to the University of Arizona, to every second spent wearing that Arizona jersey ... it's been an absolute honor. "The University of Arizona has provided me with the platform to grow and chase my dreams. ... Thank you from the bottom of my heart. To the best fans in the country, I appreciate you for all of the love and support you have given me these last 3 years. I will always be a Wildcat." In 2024, McMillan totaled 84 grabs (ninth in Division I) for 1,319 yards (third in Division I) and eight touchdowns for the 4-8 Wildcats. He also ranked third in Division I with 109.9 receiving yards per game. McMillan is a finalist for the Biletnikoff Award, given to the most outstanding receiver in college football. --Field Level Media
MOREHEAD, Ky. (AP) — Isaiah Smith ran for a career-high 205 yards on 31 carries and scored a touchdown and San Diego beat Morehead State 37-14 in a season-ending contest for both teams on Saturday. Grant Sergent threw for 184 yards and two touchdowns for San Diego (8-3, 6-2 Pioneer Football League) which ended the season with a four-game win streak and winners of six of seven. The Toreros finished in sole possession of second place in the PFL behind Drake (7-1), which clinched the league outright with a 49-10 win over Stetson on Saturday. Drake beat San Diego 30-28 on a walk-off field goal on Sept. 28 in Des Moines, Iowa. Bryce Patterson threw for 133 yards and a touchdown and James Louis ran for a touchdown for the Eagles (7-5, 5-3). ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up . AP collegebasketball: and
Ibex Ltd sees $2.97 million in stock sales by PineBridge entities
Stocks closed higher on Wall Street, giving the market its fifth gain in a row and notching another record high for the Dow Jones Industrial Average. The S&P 500 rose 0.3% Friday. The Dow added 1%, and the Nasdaq composite tacked on 0.2%. Retailers had some of the biggest gains. Gap soared after reporting quarterly results that easily beat analysts’ estimates. EchoStar fell after DirecTV called off its purchase of that company’s Dish Network unit. European markets closed mostly higher and Asian markets ended mixed. On Friday: The S&P 500 rose 20.63 points, or 0.3%, to 5,969.34. The Dow Jones Industrial Average rose 426.16 points, or 1%, to 44,296.51. The Nasdaq composite rose 31.23 points, or 0.2%, to 19,003.65. The Russell 2000 index of smaller companies rose 42.65 points, or 1.8%, to 2,406.67. For the week: The S&P 500 is up 98.72 points, or 1.7%. The Dow is up 851.52 points, or 2%. The Nasdaq is up 323.53 points, or 1.7%. The Russell 2000 is up 102.84 points, or 4.5%. For the year: The S&P 500 is up 1,199.51 points, or 25.1%. The Dow is up 6,606.97 points, or 17.5%. The Nasdaq is up 3,992.30 points, or 26.6%. The Russell 2000 is up 379.60 points, or 18.7%.Nebraska defensive lineman Kai Wallin enters the transfer portal
Former Patriots coach Bill Belichick will head coach North Carolina's Tar Heels(Note to subs: amends byline error) The world stands at the dawn of a “third nuclear age” in which Britain is threatened by multiple dilemmas, the head of the armed forces has warned. But alongside his stark warning of the threats facing Britain and its allies, Admiral Sir Tony Radakin said there would be only a “remote chance” Russia would directly attack or invade the UK if the two countries were at war. The Chief of the Defence Staff laid out the landscape of British defence in a wide-ranging speech, after a minister warned the Army would be wiped out in as little as six months if forced to fight a war on the scale of the Ukraine conflict. The admiral cast doubt on the possibility as he gave a speech at the Royal United Services Institute (Rusi) defence think tank in London. He told the audience Britain needed to be “clear-eyed in our assessment” of the threats it faces, adding: “That includes recognising that there is only a remote chance of a significant direct attack or invasion by Russia on the United Kingdom, and that’s the same for the whole of Nato.” Moscow “knows the response will be overwhelming”, he added, but warned the nuclear deterrent needed to be “kept strong and strengthened”. Sir Tony added: “We are at the dawn of a third nuclear age, which is altogether more complex. It is defined by multiple and concurrent dilemmas, proliferating nuclear and disruptive technologies and the almost total absence of the security architectures that went before.” The first nuclear age was the Cold War, while the second was “governed by disarmament efforts and counter proliferation”, the armed forces chief said. He listed the “wild threats of tactical nuclear use” by Russia, China building up its weapon stocks, Iran’s failure to co-operate with a nuclear deal, and North Korea’s “erratic behaviour” among the threats faced by the West. But Sir Tony said the UK’s nuclear arsenal is “the one part of our inventory of which Russia is most aware and has more impact on (President Vladimir) Putin than anything else”. Successive British governments had invested “substantial sums of money” in renewing nuclear submarines and warheads because of this, he added. The admiral described the deployment of thousands of North Korean soldiers on Ukraine’s border alongside Russian forces as the year’s “most extraordinary development”. He also signalled further deployments were possible, speaking of “tens of thousands more to follow as part of a new security pact with Russia”. Defence minister Alistair Carns earlier said a rate of casualties similar to Russia’s invasion of Ukraine would lead to the army being “expended” within six to 12 months. He said it illustrated the need to “generate depth and mass rapidly in the event of a crisis”. In comments reported by Sky News, Mr Carns, a former Royal Marines colonel, said Russia was suffering losses of around 1,500 soldiers killed or injured a day. “In a war of scale – not a limited intervention, but one similar to Ukraine – our Army for example, on the current casualty rates, would be expended – as part of a broader multinational coalition – in six months to a year,” Mr Carns said in a speech at Rusi. He added: “That doesn’t mean we need a bigger Army, but it does mean you need to generate depth and mass rapidly in the event of a crisis.” Official figures show the Army had 109,245 personnel on October 1, including 25,814 volunteer reservists. Mr Carns, the minister for veterans and people, said the UK needed to “catch up with Nato allies” to place greater emphasis on the reserves. The Prime Minister’s official spokesman said Defence Secretary John Healey had previously spoken about “the state of the armed forces that were inherited from the previous government”. The spokesman said: “It’s why the Budget invested billions of pounds into defence, it’s why we’re undertaking a strategic defence review to ensure that we have the capabilities and the investment needed to defend this country.”LUSAIL, Qatar (AP) — Lando Norris ignored team orders and handed his McLaren teammate Oscar Piastri the sprint race in Qatar on Saturday, while Formula 1 champion Max Verstappen was stripped of the pole position. His penalty elevated George Russell to first on the grid. With McLaren eyeing its first F1 constructors' title in 26 years and Russell close behind for Mercedes, Norris was told by the team over the radio to “finish in this order,” ahead of Piastri. He chose to gift his teammate the win anyway, easing off to the right on the exit of the final corner and then swooping back across in front of Russell, who finished third. “The team told me not to do it, but I thought I could get away with it and we did,” Norris said. "Honestly, I don’t mind. I’m not here to win sprint races. I’m here to win races and the championship, but that’s not gone to plan." Norris was paying Piastri back for doing the same in the sprint race in Brazil when Norris was still fighting Verstappen for the drivers’ title. “I made my mind up in Brazil when it happened,” Norris said. “I needed to do something to give it back.” Piastri said he hadn't expected Norris to take the risk. “I was aware it could happen. I was a bit surprised that with George half a second (away) it did,” Piastri said. “It just shows off our teamwork and the lack of egos within the team.” It continues a season where McLaren’s race tactics have often been a talking point, such as when Norris and Piastri swapped for the lead in Hungary after a lengthy and often awkward radio exchange with the team. On Saturday, Norris started on pole position and kept the lead at the start as Piastri squeezed past Russell for second. As Russell repeatedly attacked Piastri, Norris dropped back instead of building a lead. That put Piastri within one second of Norris, allowing the Australian to use the DRS overtaking aid for extra speed. Russell said he found the McLaren teamwork “pretty infuriating” while stuck behind Piastri and also objected to what he saw as late moves from Piastri to defend the position. “Hopefully we can have a proper race (on Sunday) rather than this team orders stuff,” Russell said. The F1 champion thought he'd secured his first pole position since the Austrian GP in June, but a lengthy stewards' inquiry gave him a one-place penalty for driving “unnecessarily slowly” in an incident with Russell, who moved up to first on the grid. The Mercedes driver complained over the radio that it was “super dangerous” that he'd had to avoid Verstappen, who was ahead of him on the racing line as both drivers prepared for their final runs of qualifying. The stewards agreed Verstappen was going too slowly as he tried to cool his tires but didn't apply the usual three-place penalty because neither driver was trying to set a fast time. Verstappen hadn't been much of a factor in the sprint but he returned to form in qualifying, beating Russell by just .055 of a second on his last run. “Crazy. I mean, honestly, I didn’t expect that,” Verstappen said. “We did change a bit on the car but I never thought it would make such a swing in performance.” Norris was .252 off the pace and lines up third, with Piastri fourth, followed by Ferrari's Charles Leclerc, Mercedes' Lewis Hamilton and Ferrari's Carlos Sainz Jr. McLaren increased its lead over Ferrari in the constructors’ championship to 30 points, and has both of its drivers ahead of the Ferraris on the grid. Teams can earn a maximum 88 more points from the grand prix in Qatar and next week’s Abu Dhabi GP. Red Bull dropped to 67 points behind McLaren in the standings as Verstappen — crowned the drivers' champion for the fourth time last week in Las Vegas — finished eighth and his Red Bull teammate Sergio Perez was last after a pit stop to change his car's nose. AP auto racing: https://apnews.com/hub/auto-racing
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