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WASHINGTON — On a chaotic day at the Capitol, Maryland Democrats scrambled to ensure Francis Scott Key Bridge replacement funding remained in a catch-all spending bill that — in a two-day period — was endorsed and rejected by House Republicans who announced a new deal Thursday afternoon. The new agreement contained the federal commitment sought by Maryland lawmakers to pay the full cost of replacing the Francis Scott Key Bridge following its March collapse, according to a Senate aide who requested anonymity because no announcement had been made yet. But another Maryland priority — making it easier for the NFL’s Washington Commanders to potentially move back to the District of Columbia — is not included in the new package, according to the aide. That provision was part of an agreement under which the team was to pay to redevelop the area surrounding the team’s current Prince George’s County stadium if the club left. Congress faces a Friday night deadline to pass the stopgap measure preventing a government shutdown that would disproportionately affect the state because of its thousands of federal workers. The 1,547-page measure was unveiled by House Republicans Tuesday night and promptly rejected by the GOP Wednesday after a string of critical social media posts by billionaire Elon Musk, an adviser and ally of Republican President-elect Donald Trump. Musk, citing a pay increase for Congress among other objections, called the bill “dead,” and some House Republicans appeared ready to try to unseat Speaker Mike Johnson. “The House Republicans need to get their house in order,” Democratic Maryland Sen. Chris Van Hollen told The Baltimore Sun on Thursday. “We had an agreement, and a tweet started by Elon Musk shouldn’t cause House Republicans to shake in their boots. We cannot have government by tweet.” Rep. Kweisi Mfume, a Democrat, told The Baltimore Sun the spending package, called a continuing resolution, or CR, “was a good agreement. It still is.” The measure’s rejection, Mfume quipped, “is a good look at what President Musk and Vice President Trump are up to.” But Thursday afternoon, Oklahoma Republican Rep. Tom Cole, the House Appropriations Committee chair, told reporters a new agreement had been struck. No details were immediately available, and it was uncertain if Democrats had signed off or if enough rank and file Republicans would endorse the bill to secure passage. All of Maryland’s eight U.S. House members and two senators are Democrats except for GOP Rep. Andy Harris, whose district includes Harford County and the Eastern Shore. He did not respond to messages sent to his office on Thursday. The race to keep the government funded came as the offices of retiring lawmakers — such as longtime Baltimore County Democratic Rep. C.A. Dutch Ruppersberger — had already been cleared of furniture and equipment so new members could begin preparations to move in. The exit from his Rayburn House Office Building suite — which commands a view of the Capitol — left Ruppersberger, who has held public office for nearly 40 years, working remotely. “We are working around the clock to assist constituents with open casework but are unable to open any new ones without access to our House-issued technology,” said Ruppersberger spokesperson Jaime Lennon. “I’m still calling and emailing constituents.” Sen. Ben Cardin and Maryland Reps. John Sarbanes and David Trone, all Democrats, are also stepping down although Cardin and other senators were not required to pack up yet. Their terms end when the new Congress is sworn in on Jan. 3. Cardin, who has two weeks remaining in his 18-year Senate career, joked Thursday: “I’m glad to see it’s going to be a typical end to a legislative session.” He and other Maryland lawmakers have pushed for months to ensure a federal commitment to 100% Key Bridge funding. Federal highways are generally funded with 90% federal money and 10% from the affected state. But Marylanders say a 100% federal cost share is consistent with prior federal responses to such disasters. The new bridge cost is estimated at $1.7 billion to $1.9 billion. “I don’t think this is holding up an agreement,” Cardin told The Sun of the bridge funding. “I think we still have the support network.” A government shutdown would be “a devastating blow” to federal workers and others who depend on government services, the nation’s largest union of federal employees said Thursday. Such a hit could have an outsized effect in Maryland, where roughly 160,000 civilian federal workers would be at risk of furlough or working without pay around the holidays. “The prospect of a lengthy government shutdown is nothing short of a Christmas gift to America’s adversaries and a lump of coal in the stockings of the American people,” Everett Kelley, national president of the American Federation of Government Employees, said in a statement. The union represents about 30,000 workers in Maryland, Virginia, North Carolina and West Virginia. It represents thousands more who work elsewhere but are employed by agencies headquartered in Maryland, like the Social Security Administration and the Centers for Medicare and Medicaid Services. A shutdown, Mayor Brandon Scott said Thursday, would affect the Key Bridge “but will also impact the people who live in Baltimore who work for the federal government, and their families’ ability to get food. It will impact people’s ability to get services.” Maryland lawmakers also sought — unsuccessfully, the Senate aide added — to preserve language relating to the Commanders’ potential relocation. The Commanders and Washington elected officials have long expressed interest in the team returning to the RFK Stadium site where it played until moving to Landover in 1997. Because the RFK Stadium site is under federal control, legislation would be needed to allow the land to be developed with a new stadium and other projects. On Wednesday, Musk reposted a message falsely alleging — until it was edited — that the spending package contained billions of dollars for a new Commanders stadium. The measure does not include stadium funding. Maryland lawmakers also hope to preserve language granting its request to receive one of Washington’s two Air National Guard squadrons. The Senate aide that language was not contained in the latest agreement. Maryland has been trying to persuade the Air Force to preserve a flight mission in the state because the military is phasing out its A-10 “Warthog” attack aircraft, and no aircraft was designated to replace them. (Sam Janesch and Carson Swick contributed to this article.) ©2024 Baltimore Sun. Visit baltimoresun.com . Distributed by Tribune Content Agency, LLC.Advertisement Warren Buffett said he would gift Berkshire stock worth $1.2 billion to family foundations. The investor also wrote a mini letter to shareholders running to almost 1,500 words. Buffett spoke about his estate planning, his children, his luck in life, and philanthropy. Warren Buffett surprised shareholders on Monday with a near-1,500-word letter alongside his usual Thanksgiving gift to four of his family's foundations. The famed investor and Berkshire Hathaway CEO said he would shortly convert 1,600 of his Class A shares into 2.4 million Class B shares, worth about $1.2 billion. Advertisement He pledged to distribute 1.5 million of those shares to The Susan Thompson Buffett Foundation — named after his late wife — and 300,000 shares to each of his three kids' foundations : The Sherwood Foundation, The Howard G. Buffett Foundation, and NoVo Foundation. Buffett picked more trustees to share his wealth In his unexpected missive to Berkshire shareholders, Buffett said the gifts would reduce his personal stockpile to 206,363 A shares, worth $149 billion. He's now given away 56.6% of his shares since pledging 99% of them to good causes in 2006. The "Oracle of Omaha" said he and his late wife owned 508,998 A shares at the time of her death in 2004. Advertisement All else being equal, if Buffett still owned all those shares they'd be worth $367 billion, making him the world's richest man and wealthier than Elon Musk , who's worth $348 billion per the Bloomberg Billionaires Index. Buffett said his late wife's estate was worth about $3 billion, and 96% of that went into the pair's foundation. She bequeathed $10 million to their three children — Howard, Susie, and Peter — which was "the first large gift we had given to any of them," he said. "These bequests reflected our belief that hugely wealthy parents should leave their children enough so they can do anything but not enough that they can do nothing ," Buffett wrote. Advertisement The legendary stock picker reiterated his comments earlier this year that he now believes his kids are ready to handle the vast responsibility of distributing his Berkshire shares, which make up 99.5% of his wealth . But he acknowledged that his children, now in their late 60s and early 70s, might be unable to deploy his fortune before they die. "And tomorrow's decisions are likely to be better made by three live and well-directed brains than by a dead hand," Buffett wrote. "As such, three potential successor trustees have been designated. Each is well known to my children and makes sense to all of us. They are also somewhat younger than my children," Buffett said, adding those individuals are "on the waitlist" and he hoped his children disbursed all his assets. Advertisement The reality of philanthropy Buffett explained why the foundation that holds his wealth after he dies will require a unanimous vote for every action it takes. The investor said his children will be inundated by requests and the policy will help ensure the money is used wisely. Also, when one says "no" to a request for a gift, they can prevent follow-up asks by firmly saying their siblings would never approve it. Related stories The billionaire also offered some advice on passing down wealth. "I have one further suggestion for all parents, whether they are of modest or staggering wealth," he said. "When your children are mature, have them read your will before you sign it." Advertisement Involving them in the process will ensure they understand your logic and their post-mortem responsibilities, Buffett said. Spreading the luck In the letter — which was curt compared to Buffett's famous annual letter, which ran over 6,000 words this year and has previously exceeded 13,000 words — Buffett reflected on how lucky he was to be born in the US as a white male. He noted that his two sisters, Doris and Bertie, grew up with fewer opportunities than him. Buffett said he felt confident he'd be rich early in his life, but he never dreamed of the wealth that has become attainable in the US in recent decades. Advertisement "It has been mind-blowing — beyond the imaginations of Ford, Carnegie, Morgan or even Rockefeller," he said. "Billions became the new millions." Buffett said that "the real action from compounding takes place in the final twenty years of a lifetime. By not stepping on any banana peels, I now remain in circulation at 94 with huge sums in savings — call these units of deferred consumption — that can be passed along to others who were given a very short straw at birth." The investor said he and both his wives believed in equal opportunity at birth and didn't find conspicuous consumption to be "admirable," and he was pleased so many of his shareholders have gifted their wealth to society. Advertisement Buffett added that his children shared his and his siblings' values and while they're "comfortable financially," they're not "preoccupied by wealth. Their mother, from whom they learned these values, would be very proud of them. As am I."Los Angeles, Oscar winner Jared Leto has been roped in to play Skeletor, the skull-faced archenemy of He-Man, in the upcoming movie "Masters of the Universe". Led by Nicholas Galitzine, the project is based on Mattel's famous toy line, which inspired a successful animated TV series in 1983 and a 1987 film starring Dolph Lundgren as He-Man, reported Variety. While plot details remain under wraps, the story centers on Prince Adam of Eternia, who transforms into the muscular hero He-Man. "With the help of his magical Power Sword, the hero is tasked with defending his home planet from the evil sorcerer Skeletor," reads the official synopsis. ALSO READ: Tom Holland on working with Christopher Nolan: Actor reveals his 'awesome' meeting with Academy award-winning filmmaker Besides Leto, the film has also found actors to portray Skeletor's henchmen with Sam C Wilson as Trap Jaw, Kojo Attah as Tri-Klops and Hafthor Bjornsson as Goat Man. 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Travis Knight, known for "Kubo and the Two Strings" and "Bumblebee", is set to direct "Masters of the Universe", which hails from Amazon MGM Studios. ALSO READ: 'Fifty Shades of Grey' actor Dakota Johnson, Josh Hartnett join Anne Hathaway in 'Verity' adaptation The screenplay was penned by Chris Butler, following earlier drafts by David Callaham, as well as Adam and Aaron Nee. Escape Artists and Mattel Films are producing the film, which is scheduled to open on June 5, 2026. Leto won an Oscar for best supporting actor for his performance in "Dallas Buyers Club" and has appeared in movies such as "Morbius", "House of Gucci", "Blade Runner 2049" and "Suicide Squad". His upcoming film is "Tron: Ares" with Evan Peters and Greta Lee. (You can now subscribe to our Economic Times WhatsApp channel )
( MENAFN - PR Newswire) BEIJING, Dec. 20, 2024 /PRNewswire/ -- In 2014, Lei Zhen, a graduate from Tsinghua University in Beijing, chose to settle in the Macao Special Administrative Region (SAR). He decided to start his business in Zhuhai, south China's Guangdong Province, and make the innovative application of new materials with nano silver wire its core product. When the central government established the Guangdong-Macao In-Depth Cooperation Zone in Hengqin in 2021, Lei relocated his company there, making full use of Macao and Hengqin's capital, talent and taxation advantages to scale up production. "Hengqin has a vast industrial space and a good supporting environment, which can provide a broad stage for the development of Macao's high-tech and diversified industries," he said. Today, the cooperation zone has become a hub for innovation and entrepreneurship, hosting nearly 6,500 Macao-invested enterprises and providing a platform for new industries. "Macao plus Hengqin" is becoming a new demonstration to enhance the practice of "One Country, Two Systems," a new highland to promote the building of the Guangdong-Hong Kong-Macao Greater Bay Area, and a new platform to realize the country's high-level opening up, said Chinese President Xi Jinping during an inspection tour of the cooperation zone on Thursday as part of his three-day visit to the Macao SAR. New highland for innovation Hengqin is located at the southern tip of Zhuhai and is separated from Macao by a narrow stretch of water. Since its establishment, the cooperation zone has served as a vital platform for promoting Macao's appropriate economic diversification. It has enabled Macao to develop industries such as high-end manufacturing, traditional Chinese medicine, financial services, and cultural tourism. Today, the cooperation zone is home to 30 national and provincial-level technological innovation platforms, 268 national high-tech enterprises, and 41 provincial-level specialized and sophisticated enterprises. Currently, the cooperation zone has established innovation platforms, such as the Macao-Hengqin Youth Entrepreneurship Valley, and has drawn several innovative resources, such as industry-university-research bases of Macao universities and high-tech enterprises and talents. Hailing the progress made in the cooperation zone, President Xi said the level of integration between Hengqin and Macao has gradually improved and that its role of supporting Macao's appropriate economic diversification is becoming prominent. In recent years, the Macao SAR has also promoted the implementation of major sci-tech projects and important innovation platforms locally, making it a new technological platform for global innovation and a gathering place for talents. "Macao Science 1" is the first space science satellite program jointly developed by the Chinese mainland and Macao. With the highest accuracy of geomagnetic field detection in China, the satellite will significantly improve the country's space magnetic survey. Visiting the Macau University of Science and Technology (MUST) on Thursday, Xi said the satellite is an example of deepened high-tech cooperation between Macao and the mainland, showcasing Macao's sci-tech sector's outstanding innovative and creative capabilities. Cultivating young talents The Macao SAR has also become an ideal place for entrepreneurs thanks to its open business environment and the opportunities provided by the cooperation zone. Today, industry-university-research demonstration bases of the University of Macau and MUST have been established in Hengqin, and four state key laboratories in Macao have set up branches in the zone, carrying out the transformation and industrialization of university scientific and technological achievements. As of November 2024, Hengqin had incubated 898 entrepreneurship projects for young people from Hong Kong and Macao, with 815 projects from Macao. Meeting with Macao residents living in Hengqin and young entrepreneurs from Macao who have startups in the zone, President Xi emphasized that Hengqin's development provides great opportunities for Macao's youth to achieve their ambitions and expressed hope that more young people from Macao will build remarkable careers there. "The building of the cooperation zone is reshaping the regional concepts and career plans of Macao youth. The younger generation is paying more attention to the development potential of the mainland's vast market," said Ip Kuai Peng, vice rector of the City University of Macau. It is imperative to attach great importance to education from a strategic perspective, lay out the system of disciplines, and cultivate high-quality talents to meet the needs of the development of both the country and the Macao SAR, President Xi said during his visit to MUST. For more information, please click: MENAFN19122024003732001241ID1109014947 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.
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Spartan Capital Securities is Pleased to Announce the Hiring of Vito Coviello, Chief Financial ...LOS ANGELES--(BUSINESS WIRE)--Dec 19, 2024-- Surf Air Mobility Inc. (NYSE: SRFM) (“the Company”,“Surf Air”), a leading regional air mobility platform, announced the appointment of David Anderman to the Company’s board of directors effective December 17, 2024. Mr. Anderman served as Chief Legal Officer of Surf Air from June 2023 to May 2024. Mr. Anderman currently serves as the Co-Founder and General Partner of Stellar Ventures, a venture fund investing in the next generation of space entrepreneurs. Mr. Anderman was General Counsel of SpaceX from June 2019 to December 2020, during which time he supported the launch of satellite internet network Starlink and the launch of NASA astronauts to the International Space Station. Prior to SpaceX, Mr. Anderman served 16 years at Lucasfilm Ltd., starting as the junior lawyer and rising through the ranks to become General Counsel and Chief Operating Officer. He negotiated the deal to sell Lucasfilm to the Walt Disney Company in 2012. He has held C-level positions at a series of technology startups. Mr. Anderman began his career as an intellectual property litigator in Silicon Valley. “David Anderman brings valuable experience, insight, and expertise to our board of directors, and to our SurfOS AI-powered software being developed with Palantir to revolutionize aviation management with all-in-one software,” said Carl Albert, Chairman of Surf Air Mobility. About Surf Air Mobility Surf Air Mobility is a Los Angeles-based regional air mobility platform and the largest commuter airline in the U.S. by scheduled departures as well as the largest passenger operator of Cessna Caravans in the U.S. In addition to its airline operations, Surf Air Mobility is currently developing an AI powered airline software operating system and is working toward certification of electric powertrain technology. Surf Air Mobility plans to offer our technology solutions to the entire regional air mobility industry to improve safety, efficiency, profitability and reduce emissions. Forward-Looking Statement This Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Readers of this release should be aware of the speculative nature of forward-looking statements. These statements are based on the beliefs of the Company’s management as well as assumptions made by and information currently available to the Company and reflect the Company’s current views concerning future events. As such, they are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. These and other risks are discussed in detail in the periodic reports that the Company files with the SEC, and investors are urged to review those periodic reports and the Company’s other filings with the SEC, which are accessible on the SEC’s website at www.sec.gov , before making an investment decision. The Company assumes no obligation to update its forward-looking statements except as required by law. View source version on businesswire.com : https://www.businesswire.com/news/home/20241219296051/en/ CONTACT: Surf Air Mobility Media Contacts Presspress@surfair.com Investors:investors@surfair.com KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: DATA MANAGEMENT AIR TECHNOLOGY TRANSPORT SOFTWARE ARTIFICIAL INTELLIGENCE SOURCE: Surf Air Mobility Inc. Copyright Business Wire 2024. PUB: 12/19/2024 04:15 PM/DISC: 12/19/2024 04:13 PM http://www.businesswire.com/news/home/20241219296051/en
Imagine sipping hot chocolate in the background of the Northern Lights, exploring sun-drenched islands or maybe enjoying a festive dinner on the sea.
A Marlborough man killed in a head-on crash in Sudbury on Tuesday has been identified as the sports information director of Regis College in Weston. Jason Behenna, 50, died at MetroWest Medical Center in Framingham after the crash at around 8:22 a.m. near 83 Boston Post Road. Middlesex District Attorney Marian Ryan’s office confirmed the man killed in the crash was Behenna. "Our hearts are heavy within the Great Northeast Athletic Conference community as we share that Jason Behenna, Sports Information Director at Regis College, passed away this morning. Behenna, prior to his passing, was in his seventh year at Regis as well as his 25th year overall in the profession," the college said in a statement Tuesday. Other similar stories
TimesLIVEMicrosoft has logged some new known issues with Windows 11 24H2 and thrown up more safeguard holds until the problems are resolved. The latest glitches noted in Microsoft's Windows Release Health Dashboard are related to audio and gaming. The audio issue was reported by users who upgraded to Microsoft's latest and greatest but found that their device's integrated speakers, Bluetooth speakers, and Bluetooth headsets stopped working and disappeared as far as both first and third-party applications were concerned. The problem is confined to some devices containing Dirac Audio, a technology designed to enhance digital audio. The software component cridspapo.dll is the culprit, and Microsoft said an updated manufacturer driver was required. Until the release of that driver, Microsoft has slapped a compatibility safeguard hold on affected devices, meaning that Windows 11 24H2 will not be offered via Windows Update. The company did not name names, only saying "a limited set of devices from one manufacturer" would be the subject of the hold. This is helpful for users with affected devices that have yet to perform the upgrade. It is, however, not so useful for users wondering why their world has suddenly gone silent. The hold will be lifted once the driver has been released. Gamers using Auto HDR are not so lucky . A compatibility safeguard hold has been put on devices with the technology enabled after users complained about incorrect colors and games ceasing to respond. Auto HDR (high dynamic range) increases the color range and brightness in games. Enabling it, according to Microsoft, "enhances gaming experience by automatically converting standard dynamic range (SDR) content to high dynamic range (HDR)." It's a neat bit of technology that can enhance the look of some games. However, in Windows 11 24H2, it can also leave games unplayable for affected users. For the time being, Microsoft's solution is to turn off Auto HDR. This will allow Windows 11 24H2 to be installed or stop the issues if the update is already present. In the longer term, Microsoft said: "We are working on a resolution and will provide more information when it is available." ®
Stock market today: Wall Street ends little changed after giving up a big morning gainNone
VANCOUVER, British Columbia, Dec. 02, 2024 (GLOBE NEWSWIRE) — (TSX-V: RKV, the “Company” or “Rakovina Therapeutics”) a biopharmaceutical company committed to advancing new cancer therapies based on novel DNA-damage response technologies is pleased to announce that its previously announced private placement has been further upsized up to $3 million, based on strong indications of interest from potential investors in the financing. The Offering is structured as units priced at $0.06 each, with each unit consisting of one common share and one warrant to purchase a common share. Each warrant entitles the holder to purchase one additional common share at a price of $0.10 per share, exercisable for a period of 24 months. Rakovina retains the right to accelerate the warrant exercise period if the 20-day volume-weighted average price of its shares exceeds $0.30. The Company plans to use the proceeds to continue the discovery and advancement of novel cancer treatments by leveraging collaborations with two proprietary Artificial Intelligence (AI) platforms: the Deep DockingTM AI platform and the Variational AI EnkiTM Platform. The Company also plans to continue the development of its kt-3000 series through collaborations and partnerships with biotech and pharma companies. The Offering is subject to all necessary regulatory approvals including acceptance from the TSX Venture Exchange. The Units will be sold on a non-brokered “private placement” basis in accordance with applicable Canadian securities laws and under applicable exemptions from prospectus and registration requirements and the securities will be subject to resale restrictions for a period of four months plus one day from the date of issue. Rakovina Therapeutics Inc. is focused on the development of new cancer treatments based on novel DNA-damage response technologies. The Company has established a pipeline of novel DNA-damage response inhibitors with the goal of advancing one or more drug candidates into human clinical trials and obtaining marketing approval for new cancer therapeutics from Health Canada, the United States Food and Drug Administration and similar international regulatory agencies. Further information may be found at . This release includes forward-looking statements regarding the Company and its respective business, which may include, but is not limited to, statements with respect to the terms of the private placement, the closing of the private placement, the investors who will participate in the private placement, the proposed business plan of the Company; the Company’s commitment to advancing new cancer therapies; the ability of the Company to extract value from the Deep Docking AI platform; the Company’s ability to execute on its business plans while maintaining high standards of research; the ability of Pharma Inventor Inc. to accurately provide medicinal chemistry support; the projected timeline and effectiveness of the Company’s strategy to utilize the Deep Docking AI platform; and the Company’s ability to generate shareholder value. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “is expected”, “expects”, “scheduled”, “intends”, “contemplates”, “anticipates”, “believes”, “proposes” or variations (including negative variations) of such words and phrases, or state that certain actions, events, or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such statements are based on the current expectations of the management of the Company. The forward-looking events and circumstances discussed in this release may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company, including risks regarding the medical device industry, economic factors, regulatory factors, the equity markets generally and risks associated with growth and competition. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events, or results to differ from those anticipated, estimated or intended. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. The reader is referred to the Company’s most recent filings on SEDAR for a more complete discussion of all applicable risk factors and their potential effects, copies of which may be accessed through the Company’s profile page at . David Hyman, Chief Financial Officer Invest Relations & Media Michelle Seltenrich 778-773-5432Harry and Meghan’s polo docuseries to highlight ‘grit behind the glamour’Fast Casual Concepts, Inc. Announces Acquisition of CK Distribution