By HALELUYA HADERO AP Business Writer A federal appeals court panel on Friday unanimously upheld a law that could lead to a ban on TikTok in a few short months, handing a resounding defeat to the popular social media platform as it fights for its survival in the U.S. The U.S. Court of Appeals for the District of Columbia Circuit denied TikTok’s petition to overturn the law — which requires TikTok to break ties with its China-based parent company ByteDance or be banned by mid-January — and rebuffed the company’s challenge of the statute, which it argued had ran afoul of the First Amendment. “The First Amendment exists to protect free speech in the United States,” said the court’s opinion, which was written by Judge Douglas Ginsburg. “Here the Government acted solely to protect that freedom from a foreign adversary nation and to limit that adversary’s ability to gather data on people in the United States.” TikTok and ByteDance — another plaintiff in the lawsuit — are expected to appeal to the Supreme Court, though its unclear whether the court will take up the case. “The Supreme Court has an established historical record of protecting Americans' right to free speech, and we expect they will do just that on this important constitutional issue,” TikTok spokesperson Michael Hughes said in a statement. “Unfortunately, the TikTok ban was conceived and pushed through based upon inaccurate, flawed and hypothetical information, resulting in outright censorship of the American people,” Hughes said. Unless stopped, he argued the statute “will silence the voices of over 170 million Americans here in the US and around the world on January 19th, 2025.” Though the case is squarely in the court system, its also possible the two companies might be thrown some sort of a lifeline by President-elect Donald Trump , who tried to ban TikTok during his first term but said during the presidential campaign that he is now against such action. The law, signed by President Joe Biden in April, was the culmination of a years-long saga in Washington over the short-form video-sharing app, which the government sees as a national security threat due to its connections to China. The U.S. has said it’s concerned about TikTok collecting vast swaths of user data, including sensitive information on viewing habits, that could fall into the hands of the Chinese government through coercion. Officials have also warned the proprietary algorithm that fuels what users see on the app is vulnerable to manipulation by Chinese authorities, who can use it to shape content on the platform in a way that’s difficult to detect — a concern mirrored by the European Union on Friday as it scrutinizes the video-sharing app’s role in the Romanian elections. TikTok, which sued the government over the law in May, has long denied it could be used by Beijing to spy on or manipulate Americans. Its attorneys have accurately pointed out that the U.S. hasn’t provided evidence to show that the company handed over user data to the Chinese government, or manipulated content for Beijing’s benefit in the U.S. They have also argued the law is predicated on future risks, which the Department of Justice has emphasized pointing in part to unspecified action it claims the two companies have taken in the past due to demands from the Chinese government. Friday’s ruling came after the appeals court panel, composed of two Republican and one Democrat appointed judges, heard oral arguments in September. In the hearing, which lasted more than two hours, the panel appeared to grapple with how TikTok’s foreign ownership affects its rights under the Constitution and how far the government could go to curtail potential influence from abroad on a foreign-owned platform. On Friday, all three of them denied TikTok’s petition. In the court’s ruling, Ginsburg, a Republican appointee, rejected TikTok’s main legal arguments against the law, including that the statute was an unlawful bill of attainder or a taking of property in violation of the Fifth Amendment. He also said the law did not violate the First Amendment because the government is not looking to “suppress content or require a certain mix of content” on TikTok. “Content on the platform could in principle remain unchanged after divestiture, and people in the United States would remain free to read and share as much PRC propaganda (or any other content) as they desire on TikTok or any other platform of their choosing,” Ginsburg wrote, using the abbreviation for the People’s Republic of China. Judge Sri Srinivasan, the chief judge on the court, issued a concurring opinion. TikTok’s lawsuit was consolidated with a second legal challenge brought by several content creators - for which the company is covering legal costs - as well as a third one filed on behalf of conservative creators who work with a nonprofit called BASED Politics Inc. Other organizations, including the Knight First Amendment Institute, had also filed amicus briefs supporting TikTok. “This is a deeply misguided ruling that reads important First Amendment precedents too narrowly and gives the government sweeping power to restrict Americans' access to information, ideas, and media from abroad,” said Jameel Jaffer, the executive director of the organization. “We hope that the appeals court’s ruling won’t be the last word.” Meanwhile, on Capitol Hill, lawmakers who had pushed for the legislation celebrated the court’s ruling. “I am optimistic that President Trump will facilitate an American takeover of TikTok to allow its continued use in the United States and I look forward to welcoming the app in America under new ownership,” said Republican Rep. John Moolenaar of Michigan, chairman of the House Select Committee on China. Democratic Rep. Raja Krishnamoorthi, who co-authored the law, said “it’s time for ByteDance to accept” the law. To assuage concerns about the company’s owners, TikTok says it has invested more than $2 billion to bolster protections around U.S. user data. The company has also argued the government’s broader concerns could have been resolved in a draft agreement it provided the Biden administration more than two years ago during talks between the two sides. It has blamed the government for walking away from further negotiations on the agreement, which the Justice Department argues is insufficient. Attorneys for the two companies have claimed it’s impossible to divest the platform commercially and technologically. They also say any sale of TikTok without the coveted algorithm - the platform’s secret sauce that Chinese authorities would likely block under any divesture plan - would turn the U.S. version of TikTok into an island disconnected from other global content. Still, some investors, including Trump’s former Treasury Secretary Steven Mnuchin and billionaire Frank McCourt, have expressed interest in purchasing the platform. Both men said earlier this year that they were launching a consortium to purchase TikTok’s U.S. business. This week, a spokesperson for McCourt’s Project Liberty initiative, which aims to protect online privacy, said unnamed participants in their bid have made informal commitments of more than $20 billion in capital. —The Associated Press
One of the interesting facts about Scott Morrison’s period as prime minister is that he managed to squander public approval twice. The second came via a long, protracted slide through most of the pandemic. But in fact his popularity had sunk as low – and much, much faster, at least in Newspoll – just a few months after his 2019 election victory. The main event involved was that summer’s bushfires. His trip to Hawaii is the symbol of that failure, but the actual problems were long and drawn-out. There was the slowness to act and the failure to meet with emergency leaders, the mangled handshakes, “I don’t hold a hose” and the sidestepping of the climate debate. Prime Minister Anthony Albanese and Opposition Leader Peter Dutton are neck and neck in opinion polls. Credit: Alex Ellinghausen The political ramifications of a natural disaster are the least important thing about it. I recount this because it’s always worth keeping in mind, in politics, how quickly things can change. Also: how dominant a crisis can be. Morrison’s disastrous summer, in fact, was only really rescued by the advent of another crisis – the early part of the pandemic, when his numbers soared – before that crisis, too, destroyed him. Recent weeks have seen at least two significant shifts, with another at least possible. For a long time, it seemed as though the Albanese government would get a rate cut – even two – before the election. As I wrote a few weeks back, this had the potential to act as tangible affirmation of its economic strategy , the other elements of which – wage growth, job creation – had been lining up nicely. Last week, Westpac joined NAB in predicting the next rate cut would come on May 20 – three days after the last possible date for the election. The government now has to hope voters’ moods improve without that rate cut. It’s possible. Essential poll last week found a small fall in people who say they’re struggling. There was a small but notable shift in one of the more interesting indicators: whether people believe the country is on the right track. It’s too early to spot a trend, and more people disagree than agree – but the “right direction” figure was (just) the highest it’s been since May 2023 . Illustration by Joe Benke Credit: The second change is the victory of Donald Trump. There are signs – like his retreat from the nomination of Matt Gaetz as attorney-general – that Trump’s term may be as bizarre as his first. One veteran observer suggested to me some time ago that a Trump victory may play into Albanese’s slow-and-steady approach: that in an era of messiness, boredom becomes appealing. At present, though, the opposite is the case. Last week, a Freshwater Strategy poll in the Australian Financial Review found 36 per cent of voters believed Albanese was best placed to deal with Trump – against 47 per cent who favoured Dutton. Finally, we should all hope this is a quiet season for natural disasters. Recent weeks have reminded us, this can’t be taken for granted. There have been bushfires in Queensland, the ABC reporting that amid the smoke last month Mount Isa was briefly “the most polluted city in the world”. There were evacuations in response to fires in Victoria (arson seems to have played a role in several of these). How bushfires might affect the political situation would depend, to a great extent, on the prime minister’s response. This close to a poll, major conclusions drawn would be about him personally. How Albanese handled the question of climate change would be significant. (That same Essential poll found only half of voters believe hotter summers are the result of climate change.) But what would also move into the spotlight would be the continuing climate change splits within the opposition. Here we come to another recent shift, one that is sharpening the political contest. Loading At the beginning of this term, it seemed Peter Dutton wanted to oppose most things: he had not yet learnt the fine art of picking his battles. In recent months, he has avoided fights on some key issues: aged care, disabilities and social media. Even his apparently “bold” foray on nuclear energy, as I’ve argued before , is best understood in this context: wanting to avoid a battle, either within his party or with Labor, over whether climate change action is necessary. Yet Dutton has picked a very specific fight: he will oppose Labor’s bill to bring down international student numbers – even though he has long suggested that’s his aim too. As journalist Bernard Keane observed , this is a mirror of Donald Trump’s successful move to block an immigration bill to keep the problem alive. This is of a piece with Dutton’s earlier decisions to make Labor’s life difficult on immigration detention bills. Dutton has learnt to use the parliament to narrow the political contest to his preferred issues, with immigration top of the list. With that in mind, it will be interesting to see what happens when Labor finally announces its universal childcare policy. Labor is hoping for significant political credit. But what if Dutton simply says he agrees? Meanwhile, there are some fights the nation should be having but isn’t. Bill Shorten, farewelling parliament last week, pointed out “our system still taxes property preferentially and lightly – and income heavily”. Anthony Whealy, chair of the Centre for Public Integrity, pointed out that the government and opposition seem to have reached an agreement, funnily enough, on donations changes that don’t do enough about money in politics while also giving the major parties advantages over independents. As Albanese told Sky News, “we’ve already chosen our slogan as you know, ‘building Australia’s future’.” Dutton seems to have chosen his issues, too. Given how much has changed in the past few weeks, and how much might still change in the months before polling day, both men would be wise to keep their options open. Sean Kelly is author of The Game: A Portrait of Scott Morrison , a regular columnist and a former adviser to Julia Gillard and Kevin Rudd. Save Log in , register or subscribe to save articles for later. License this article Political leadership Anthony Albanese Peter Dutton Opinion Donald Trump Australia votes For subscribers Sean Kelly is author of The Game: A Portrait of Scott Morrison, a regular columnist and a former adviser to Julia Gillard and Kevin Rudd. Connect via Twitter . Most Viewed in Politics Loading
Award Winning Independent Agency Recognized for High Paced Growth ATLANTA , Dec. 18, 2024 /PRNewswire/ -- Independent full-service advertising agency Chemistry has been recognized as one of Adweek's "2024 Fastest Growing Agencies" and as a 2025 "Agency of the Year" by Chief Marketer . With experimentation as the foundation of its methodology, the agency "blows up boring" with its rapid test-and-learn 'everything is an experiment' approach that embraces the state of constant evolution and learning. This led to massive market share wins and high cultural relevance for its clients, as well as an influx of new clients and organic growth for the agency. One of the agencies to be honored by Adweek on its list of Adweek's "Fastest Growing Agencies," Chemistry has been recognized for its significant revenue growth and its "willingness to dive headfirst into curiosity - and encourage clients to do the same" which Adweek notes has been a boon for business. Additionally, the agency has been recognized by Chief Marketer as a 2025 "Agency of the Year," as one of the top marketing and advertising firms worldwide. The agency's impressive growth rate in billings and staff, as well as work for top leading brands, were noted. With offices in Atlanta , Pittsburgh , New York , Miami , and Phoenix , the 173-person independent agency provides a comprehensive range of services, including creative, production, strategy, branding, design, social, research, analytics, media buying, web, and tech solutions. Already deeply respected for its creative work, Chemistry doubled down on its media offerings, including its proprietary Media Catalyst platform, which offers clients mark-up free programmatic plans, increasing their working budgets by as much as 40%. This resulted in Chemistry tripling its media revenue and introducing a slew of new media clients. The firm also grew its Hispanic arm, Chemistry Cultura, its digital arm, REACT, and its production unit, Test Tube Productions, which contributed to its massive growth. "We love a CMO that is ready to play offense, not defense, steal market share and kick some ass. It's time to embrace emerging technology and the new creative revolution. Too many brands are wasting money on boring ads that get no response. The smart CMOs find creative culture-shifting agencies, like Chemistry," said Tim Smith , President of Chemistry. "We squeeze creativity out of every discipline, so we learn quicker and blow shit up for our clients. We really appreciate Adweek and Chief Marketer recognizing our people for the work." MEDIA CONTACT : Caitlin Burke : caitlin@kempnercommunications.com 203-733-4085 About Chemistry : Chemistry ( www.Chemistryagency.com ) builds cultural brands with creative ideas that can't be ignored. The independent agency offers fully integrated advertising and marketing services for clients like Five Guys, Netflix, the NBA, and GoTo Foods. The shop has been named an Adweek Fastest Growing Agency, a Chief Marketer Agency of the Year, an Ad Age A-List Agency, a finalist for Campaign US' Independent Agency of the Year, and Adweek's Midsize Agency of the Year. View original content to download multimedia: https://www.prnewswire.com/news-releases/chemistry-named-a-2024-adweek-fastest-growing-agency-and-a-2025-chief-marketer-agency-of-the-year-302335506.html SOURCE Chemistry
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Thanks for the feedback.In a string of visits, dinners, calls, monetary pledges and social media overtures, big tech chiefs — including Apple's Tim Cook, OpenAI’s Sam Altman, Meta’s Mark Zuckerberg and Amazon’s Jeff Bezos — have joined a parade of business and world leaders in trying to improve their standing with President-elect Donald Trump before he takes office in January. “The first term, everybody was fighting me,” Trump said in remarks at Mar-a-Lago. “In this term, everybody wants to be my friend.” Tech companies and leaders have now poured millions into his inauguration fund, a sharp increase — in most cases — from past pledges to incoming presidents. But what does the tech industry expect to gain out of their renewed relationships with Trump? A clue to what the industry is looking for came just days before the election when Microsoft executives — who’ve largely tried to show a neutral or bipartisan stance — joined with a close Trump ally, venture capitalist Marc Andreessen, to publish a blog post outlining their approach to artificial intelligence policy. “Regulation should be implemented only if its benefits outweigh its costs,” said the document signed by Andreessen, his business partner Ben Horowitz, Microsoft CEO Satya Nadella and the company's president, Brad Smith. They also urged the government to back off on any attempt to strengthen copyright laws that would make it harder for companies to use publicly available data to train their AI systems. And they said, “the government should examine its procurement practices to enable more startups to sell technology to the government.” Trump has pledged to rescind President Joe Biden’s sweeping AI executive order, which sought to protect people’s rights and safety without stifling innovation. He hasn’t specified what he would do in its place, but his campaign said AI development should be “rooted in Free Speech and Human Flourishing.” Trump's choice to head the Interior Department, North Dakota Gov. Doug Burgum, has spoken openly about the need to boost electricity production to meet increased demand from data centers and artificial intelligence. “The AI battle affects everything from defense to healthcare to education to productivity as a country,′′ Burgum said on Nov. 15, referring to artificial intelligence. “And the AI that’s coming in the next 18 months is going to be revolutionary. So there’s just a sense of urgency and a sense of understanding in the Trump administration′′ to address it. Demand for data centers ballooned in recent years due to the rapid growth of cloud computing and artificial intelligence, and local governments are competing for lucrative deals with big tech companies. But as data centers begin to consume more resources, some residents are pushing back against the world’s most powerful corporations over concerns about the economic, social and environmental health of their communities. “Maybe Big Tech should buy a copy of ‘The Art of The Deal’ to figure out how to best negotiate with this administration,” suggested Paul Swanson, an antitrust attorney for the law firm Holland & Hart. “I won’t be surprised if they find ways to reach some accommodations and we end up seeing more negotiated resolutions and consent decrees.” Although federal regulators began cracking down on Google and Facebook during Trump’s first term as president — and flourished under Biden — most experts expect his second administration to ease up on antitrust enforcement and be more receptive to business mergers. Google may benefit from Trump’s return after he made comments on the campaign trail suggesting a breakup of the company isn’t in the U.S. national interest, after a judge declared its search engine an illegal monopoly. But recent nominations put forward by his transition team have favored those who have been critical of Big Tech companies, suggesting Google won’t be entirely off the hook. Cook’s notoriously rocky relationship with the EU can be traced back to a 2016 ruling from Brussels in a tax case targeting Apple. Cook slammed the bloc’s order for Apple to pay back up to 13 billion euros ($13.7 billion) in Irish back taxes as “total political crap.” Trump, then in his first term as president, piled on, referring to the European Commissioner Margrethe Vestager, who was spearheading a campaign on special tax deals and a crackdown on Big Tech companies, as the “tax lady” who “really hates the U.S.” Brussels was eventually vindicated after the bloc’s top court rejected Apple’s appeal this year, though it didn’t stop Cook from calling Trump to complain, Trump recounted in a podcast in October. Trump hosted Cook for a Friday evening dinner at the president-elect’s Mar-a-Lago resort, according to a person familiar with the matter who was not authorized to comment publicly. Neither Apple nor the Trump transition team has commented on the nature of their discussions. Altman, Amazon and Meta all pledged to donate $1 million each to Trump’s inaugural fund. During his first term, Trump criticized Amazon and railed against the political coverage at The Washington Post, which billionaire Bezos owns. Meanwhile, Bezos had criticized some of Trump’s past rhetoric. In 2019, Amazon also argued in a court case that Trump’s bias against the company harmed its chances of winning a $10 billion Pentagon contract. More recently, Bezos has struck a more conciliatory tone. He recently said at The New York Times’ DealBook Summit in New York that he was “optimistic” about Trump’s second term, while also endorsing president-elect’s plans to cut regulations. The donation from Meta came just weeks after Zuckerberg met with Trump privately at Mar-a-Lago. During the 2024 campaign, Zuckerberg did not endorse a candidate for president, but voiced a more positive stance toward Trump. Earlier this year, he praised Trump’s response to his first assassination attempt. Still, Trump in recent months had continued to attack Zuckerberg publicly. And Altman, who is in a legal dispute with AI rival Elon Musk, has said he is “not that worried” about the Tesla CEO’s influence in the incoming administration. Musk, an early OpenAI investor and board member, sued the artificial intelligence company earlier this year alleging that the maker of ChatGPT betrayed its founding aims of benefiting the public good rather than pursuing profits.Lawyers for a voting machine company that’s suing Fox News want to question founder Rupert Murdoch about his contentious efforts to change his family trust , the attorneys told a court Monday. Election-tech company Smartmatic's $2.7 billion defamation suit regards Fox's reporting on 2020 voting fraud claims. But Smartmatic’s attorneys suggest the separate succession fight over Murdoch's media empire might shed light on any Fox Corp. involvement in editorial matters. It's an important, if technical, question as Smartmatic seeks to hold the deep-pocketed Fox parent company responsible for statements that the news network aired. Fox contends that there's no such liability and that it was engaging in journalism, not defamation, when it broadcast election-fraud allegations made by then-President Donald Trump 's attorneys. Rupert Murdoch may already have given a deposition — out-of-court questioning under oath — in the defamation suit. Such records aren't public at this stage, but plans for his deposition were briefly mentioned at a 2022 hearing. Smartmatic now is seeking to talk to Murdoch about his efforts to rewrite his plans for his businesses after his death. The matter is playing out behind closed doors and in sealed files in a Nevada probate court. The New York Times has reported that Rupert Murdoch wants to keep his eldest son, Lachlan , in charge of the conglomerate's newspapers and television networks in order to ensure a continued conservative editorial outlook . Smartmatic wants to get the 93-year-old patriarch on record while the probate matter plays out, company attorney Edward Wipper told a judge Monday. Fox News lawyer K. Winn Allen said the probate case “has nothing at all to do with” Smartmatic's claims and is “not appropriate” fodder for the suit. Fox Corp. declined to comment after court. Fox News' lawyers, meanwhile, want Smartmatic to provide records about a U.S. federal criminal case against people, including Smartmatic co-founder Roger Piñate, accused of scheming to bribe a Filipino election official . Piñate has pleaded not guilty. Smartmatic isn't charged in the criminal case, and Smartmatic attorneys have said the matter was irrelevant to the defamation suit. Fox lost prior bids for a court order to get the information, but a hearing on the network's renewed request is set next week. It's unclear how soon Judge David B. Cohen will decide on that request or on Smartmatic's bid to dig into the Murdoch family trust case. Both requests are part of pretrial information-gathering, and no trial date has been set. Smartmatic says it was a small player, working only with California's heavily Democratic Los Angeles County, in the 2020 U.S. presidential election. In subsequent Fox News appearances, Trump lawyers Rudy Giuliani and Sidney Powell portrayed Smartmatic as part of a multi-state scheme to steal the vote from the Republican. Federal and state election officials , exhaustive reviews in battleground states and Trump’s own attorney general found no widespread fraud that could have changed the outcome of the 2020 election. Nor did they uncover any credible evidence that the vote was tainted. Dozens of courts, including by judges whom Trump had appointed, rejected his fraud claims. Fox News ultimately aired an interview with an election technology expert who refuted the allegations against Smartmatic — an interview done after the company demanded a retraction . The network is countersuing Smartmatic , claiming it violated a New York law against baseless suits aimed at squelching reporting or criticism on public issues. The New York defamation suit is one of several stemming from conservative-oriented news outlets' reports on Trump’s 2020 vote-rigging claims. Smartmatic recently settled with One America News Network and Newsmax . Fox News settled for $787 million last year with Dominion Voting Systems, another election-technology company that sued over conspiracy theories blaming its election equipment for Trump’s 2020 loss.
Dejan Kulusevski cannot wait to play Man City again after Tottenham run riot
Needham analyst Gerald Pascarelli initiated coverage on Celsius Holdings, Inc. (NASDAQ: CELH ) with a Buy rating and a price target of $38 . The analyst says that as the third-largest player in energy drinks, CELH is positioned to benefit from a healthier category rebound and growing demand for zero-sugar products, creating a favorable environment for revenue acceleration alongside easier year-over-year comparisons. The analyst writes that while the company recently saw its first year-over-year share loss, they are encouraged by the category’s return to a high single-digit growth rate. If this trend continues, CELH stands to benefit from a healthier market backdrop, easier comps, and upcoming innovations planned for 2025, adds the analyst. Additionally, inventory optimization challenges appear to be resolving, which should improve alignment between sell-through and reported results. The analyst estimates full year 2024 revenue and EPS of $1.365 billion and $0.68 and $1.548 billion and $0.93 in fiscal year 2025, respectively. Last month, the company reported third-quarter earnings per share of $0.00, missing the street view of $0.04. Quarterly sales of $265.70 million (down 31%) missed the analyst consensus of $267.11 million . Is Celsius Holdings A Good Stock To Buy? An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like Celsius Holdings ‘s page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter. These are known as capital allocation programs. Celsius Holdings does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company. For example, if you're looking to earn an annualized return of 14.2%, you'll need to buy a share of Ellington Residential by the Dec. 31, 2024. Once done, you can expect to receive a nominal payout of $0.08 on Jan. 27, 2025. Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on Celsius Holdings will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand. Price Action : CELH shares are up 0.17% at $27.94 at the last check on Friday. Read Next : Chevron Eyes $15.5 Billion Capex for 2025, Anticipates Upto $1.5 Billion Charges In Q4 Photo via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? CELSIUS HOLDINGS (CELH): Free Stock Analysis Report This article Energy Drink Firm Celsius Set to Energize Market Growth, Analyst Sees Significant Upside originally appeared on Benzinga.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Art exhibit at Tennessee university museum draws controversyNominates Bentina Chisolm Terry and Leland Weaver to Join Board of Directors Two Long-Tenured Directors to Retire at Upcoming 2025 Annual Meeting of Stockholders ATLANTA, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE: MWA) announced that its Board of Directors has nominated Bentina Chisolm Terry and Leland Weaver to join the Board for election at the Company’s Annual Meeting of Stockholders on February 6, 2025. As part of the previously announced Board refreshment plan, Dr. Lydia Thomas and Ms. Shirley Franklin will retire from the Board at the Annual Meeting. “On behalf of the entire Board, I extend my gratitude to Lydia and Shirley for their contributions to Mueller and many years of service on the Board. Lydia’s and Shirley’s leadership, wisdom and expertise during their service have been enormously valuable to the Company and our management team as we have executed on our strategy to create value for shareholders. We also thank Brian Slobodow and Niclas Ytterdahl for their service,” said Stephen C. Van Arsdell, Non-Executive Chair of the Board. Mr. Van Arsdell continued, “Today’s announcement reflects our strong governance as we continue to drive value creation across our business. The continuing evolution of the Board is a testament to our commitment to bringing new viewpoints to the boardroom while continuing to benefit from the guidance and experience of our more tenured directors. With the addition of Bentina and Leland, who most recently joined us as Board Observers, we are on course to complete our board refreshment plan next year. We are confident that each of our new directors will bring significant value to our diverse Board.” The Board’s slate for the Annual Meeting is comprised of Christian A. Garcia, Thomas J. Hansen, Brian C. Healy, Christine Ortiz, Jeffery S. Sharritts, Bentina Chisolm Terry, Stephen C. Van Arsdell, Leland G. Weaver, and Marietta Edmunds Zakas. Following the Annual Meeting, the Board will comprise nine directors, eight of whom are independent and eight of whom will have been elected in the last six years. About Bentina Chisolm Terry Ms. Bentina Chisolm Terry currently serves as the President and CEO of Southern Linc and Southern Telecom, providing mission-critical LTE wireless and dark fiber networks and services to Southern Company electric utilities and external customers. She is an accomplished senior executive with more than 25 years of experience leading across a range of functions in the utility industry and a strong track record of driving growth and innovation. Prior to Southern Linc and Southern Telecom, Ms. Terry served as Senior Vice President of Customer Strategy and Solutions at Georgia Power. She joined Georgia Power in 2001, holding roles of increasing responsibility across multiple departments. Ms. Terry has led multiple environmental initiatives and has been responsible for health and safety. During her time serving as General Counsel for Southern Nuclear Operating Company, Ms. Terry led the Company to receiving the most significant rate increase in its history, ensuring continued service reliability and infrastructure upgrades. Ms. Terry received her Bachelor of Arts from North Carolina State University and a Juris Doctor from the University of Michigan. About Leland Weaver Mr. Leland Weaver currently serves as the President of DuPont Water & Protection. He is an accomplished senior executive with extensive experience across various industries and global markets. As President of the DuPont Water & Protection business, a global business with $6 billion in revenue, Mr. Weaver oversees 34 manufacturing sites and 7,000 employees, as well as the strategy to deliver sustainable, technology-based products and solutions for water, shelter, and safety. He previously held leadership roles within Dupont’s investor relations and business strategy arm. Mr. Weaver has deep experience in both operational and manufacturing as well as growth strategy and transformation, managing relationships with institutional investors, and playing a pivotal role in significant corporate transformation initiatives, including the spin-off of DuPont’s Nutrition & Biosciences business and its merger with International Flavors and Fragrances. Mr. Weaver has a strong track record of building high-performance teams, managing large-scale operations, and driving significant financial growth. Mr. Weaver received his Bachelor of Science from the University of Alabama and his master’s degree in business from the University of Pennsylvania. About Mueller Water Products, Inc. Mueller Water Products, Inc. is a leading manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. Our broad product and service portfolio includes engineered valves, fire hydrants, pipe connection and repair products, metering products, leak detection, pipe condition assessment, pressure management products, and software that provides critical water system data. We help municipalities increase operational efficiencies, improve customer service and prioritize capital spending, demonstrating why Mueller Water Products is Where Intelligence Meets Infrastructure ® . Visit us at www.muellerwaterproducts.com. Mueller refers to one or more of Mueller Water Products, Inc. (MWP), a Delaware corporation, and its subsidiaries. MWP and each of its subsidiaries are legally separate and independent entities when providing products and services. MWP does not provide products or services to third parties. MWP and each of its subsidiaries are liable only for their own acts and omissions and not those of each other. Investor Relations Contact: Whit Kincaid 770-206-4116 wkincaid@muellerwp.com Media Contact: Jenny Barabas 470-806-5771 jbarabas@muellerwp.com
Ireland's fresh charges gave coach Andy Farrell options to ponder for the autumn rugby closer against Australia after they comfortably handled Fiji 52-17 on Saturday. All eight Ireland tries came off set plays, and the result — and a 29-year perfect record against Fiji — was effectively secured by halftime, when it led 28-3. Fiji posted historic wins in Europe in the last 15 months against England, Australia and Wales but struggled to get any rhythm. It was undermined by 11 penalties in the first half, alone, and a horrible 17 overall, and a powerful backline was smothered. Farrell made seven changes to the Ireland XV after the muted performances against New Zealand and Argentina, to inject some life and spice into his aging squad, and they impressed while overcoming some bumps. Sam Prendergast, the starting flyhalf in his second test, was sin-binned in just the eighth minute for a shoulder shot but returned to manage the backline coolly with soft hands, confident loops, and accurate kicking on and off the tee. He set up one try with a crosskick and converted five. On debut, Gus McCarthy deepened Ireland's grand stock of hookers with no-look passes and a try after two crooked throw-ins, while flanker Cormac Izuchukwu stood out with a high workrate. He would have had a try, too, but for a forward pass. Ireland butchered three tries, and man of the match Bundee Aki was held up over the line, denying him a second try as he rebounded after being dropped after the New Zealand loss.Dejan Kulusevski cannot wait for the opportunity to play against Manchester City again after Tottenham ran riot at the Etihad Stadium. The Sweden midfielder hailed Saturday’s 4-0 thrashing of the champions as the best game of his career. The 24-year-old delivered an outstanding performance as Spurs shattered the champions’ 52-game unbeaten home run, helping start the rout with a superb cross for James Maddison’s opening goal. Kulusevski said: “I believed (we would win) this because in the past years, we’ve come here and played really well. “So this is the game I look forward to most in the year and, once again, it happened – glory to God. “I’d say it’s the best result ever in my career. It’s a big night for the whole club, for the coach, for the players. “Because City have a lot of the ball sometimes, we can rest when we defend. There’s also so much space up there, we play one against one and then it’s always dangerous because we have a lot of quality. “It’s always great to play great teams because they always want to play football. When you play lower teams, sometimes it’s not. There’s not much football played because they are a lot of fouls, a lot of injuries and it’s slow going.” Maddison stole the show with two goals in quick succession in the first half while Pedro Porro and Brennan Johnson later got on the scoresheet. Kulu-chef-ski cooked 👨🍳 📊 — Tottenham Hotspur (@SpursOfficial) Yet Kulusevski’s performance was also eye-catching and the player himself believes there is plenty more to come from him. Asked if his form made him feel “unstoppable”, Kulusevski said: “I feel like that. I feel very good and I’m trying to keep this way. I’m very happy, I’m trying to improve. “I started the season good but there is over half of the season left and I hope I can do much better. “I think I have something that no other player has. With my engine, with my heart – I don’t get tired – I feel like I can do a lot still in my career.” Spurs have won more matches against Pep Guardiola's Man City than any other side 👀 — Premier League (@premierleague) Tottenham’s scintillating performance marked a spectacular return to form after their dismal loss to Ipswich in their previous Premier League outing. Kulusevski said: “We have to be much more consistent. It’s not a turning point. We just have to be better in other games. “This game suited us perfectly but we have a lot of improvement to make in the other games.”
LAS VEGAS (AP) — Formula 1 on Monday at last said it will expand its grid in 2026 to make room for an American team that is partnered with General Motors. “As the pinnacle of motorsports, F1 demands boundary-pushing innovation and excellence. It’s an honor for General Motors and Cadillac to join the world’s premier racing series, and we’re committed to competing with passion and integrity to elevate the sport for race fans around the world," GM President Mark Reuss said. "This is a global stage for us to demonstrate GM’s engineering expertise and technology leadership at an entirely new level.” The approval ends years of wrangling that launched a U.S. Justice Department investigation into why Colorado-based Liberty Media, the commercial rights holder of F1, would not approve the team initially started by Michael Andretti. Andretti in September stepped aside from leading his namesake organization, so the 11th team will be called Cadillac F1 and be run by new Andretti Global majority owners Dan Towriss and Mark Walter. The team will use Ferrari engines its first two years until GM has a Cadillac engine built for competition in time for the 2028 season. Towriss is the the CEO and president of Group 1001 and entered motorsports via Andretti's IndyCar team when he signed on financial savings platform Gainbridge as a sponsor. Towriss is now a major part of the motorsports scene with ownership stakes in both Spire Motorsports' NASCAR team and Wayne Taylor Racing's sports car team. Walter is the chief executive of financial services firm Guggenheim Partners and the controlling owner of both the World Series champion Los Angeles Dodgers and Premier League club Chelsea. “We’re excited to partner with General Motors in bringing a dynamic presence to Formula 1," Towriss said. “Together, we’re assembling a world-class team that will embody American innovation and deliver unforgettable moments to race fans around the world.” Mario Andretti, the 1978 F1 world champion, will have an ambassador role with Cadillac F1. But his son, Michael, will have no official position with the organization now that he has scaled back his involvement with Andretti Global. “The Cadillac F1 Team is made up of a strong group of people that have worked tirelessly to build an American works team,” Michael Andretti posted on social media. “I’m very proud of the hard work they have put in and congratulate all involved on this momentous next step. I will be cheering for you!” The approval has been in works for weeks but was held until after last weekend's Las Vegas Grand Prix to not overshadow the showcase event of the Liberty Media portfolio. Max Verstappen won his fourth consecutive championship in Saturday night's race, the third and final stop in the United States for the top motorsports series in the world. Grid expansion in F1 is both infrequent and often unsuccessful. Four teams were granted entries in 2010 that should have pushed the grid to 13 teams and 26 cars for the first time since 1995. One team never made it to the grid and the other three had vanished by 2017. There is only one American team on the current F1 grid — owned by California businessman Gene Haas — but it is not particularly competitive and does not field American drivers. Andretti’s dream was to field a truly American team with American drivers. The fight to add this team has been going on for three-plus years and F1 initially denied the application despite approval from F1 sanctioning body FIA . The existing 10 teams, who have no voice in the matter, also largely opposed expansion because of the dilution in prize money and the billions of dollars they’ve already invested in the series. Andretti in 2020 tried and failed to buy the existing Sauber team. From there, he applied for grid expansion and partnered with GM, the top-selling manufacturer in the United States. The inclusion of GM was championed by the FIA and president Mohammed Ben Sulayem, who said Michael Andretti’s application was the only one of seven applicants to meet all required criteria to expand F1’s current grid. “General Motors is a huge global brand and powerhouse in the OEM world and is working with impressive partners," Ben Sulayem said Monday. "I am fully supportive of the efforts made by the FIA, Formula 1, GM and the team to maintain dialogue and work towards this outcome of an agreement in principle to progress this application." Despite the FIA's acceptance of Andretti and General Motors from the start, F1 wasn't interested in Andretti — but did want GM. At one point, F1 asked GM to find another team to partner with besides Andretti. GM refused and F1 said it would revisit the Andretti application if and when Cadillac had an engine ready to compete. “Formula 1 has maintained a dialogue with General Motors, and its partners at TWG Global, regarding the viability of an entry following the commercial assessment and decision made by Formula 1 in January 2024,” F1 said in a statement. “Over the course of this year, they have achieved operational milestones and made clear their commitment to brand the 11th team GM/Cadillac, and that GM will enter as an engine supplier at a later time. Formula 1 is therefore pleased to move forward with this application process." Yet another major shift in the debate over grid expansion occurred earlier this month with the announced resignation of Liberty Media CEO Greg Maffei, who was largely believed to be one of the biggest opponents of the Andretti entry. “With Formula 1’s continued growth plans in the US, we have always believed that welcoming an impressive US brand like GM/Cadillac to the grid and GM as a future power unit supplier could bring additional value and interest to the sport," Maffei said. "We credit the leadership of General Motors and their partners with significant progress in their readiness to enter Formula 1." AP auto racing: https://apnews.com/hub/auto-racing( MENAFN - Gulf Times) Qatar University (QU) will host the Gulf-wide“Three-Minute Thesis (3MT)” competition, sponsored by ConocoPhillips on Nov 28. The event, the first-of-its-kind in the Gulf Co-operation Council (GCC) region, will take place at the QU campus. The competition will feature graduate students from various higher education institutions across the GCC. Participating alongside QU are several prominent universities, including King Abdulaziz University, King Abdullah University of Science and Technology, Khalifa University, the American University of Sharjah, Kuwait University, Sultan Qaboos University, the University of Bahrain, and the Qatar Finance and Business Academy (QFBA) in partnership with Northumbria University. QU's Vice-President for Research and Graduate Studies, Prof Aiman Mahmoud Erbad, stated,“Since 2019, QU has successfully organised this competition at the national level. This year, the event has expanded to the Gulf level, with participation from nine GCC educational institutions and a significant increase in student involvement.” Prof Erbad also highlighted the diversity of academic fields represented in this year's competition, which spans humanities, social sciences, and other scientific disciplines. Dean of Graduate Studies at QU, Prof Ahmad Al-own remarked on the significance of the Gulf-wide competition, saying,“This inaugural GCC edition seeks to create a unified graduate studies community that encourages the exchange of ideas and expertise while promoting research excellence at national, regional, and global levels. The competition will showcase the exceptional research capabilities of graduate students across the Gulf.” Prof Al-own added,“The competition started as a local initiative and has now expanded to the Gulf level. Future plans include collaborating with the University of Queensland, the originator of this competition, to extend it to the Arab and global stages.” MENAFN23112024000067011011ID1108918864 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.