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Marvell Announces Breakthrough Custom HBM Compute Architecture to Optimize Cloud AI AcceleratorsLOS ANGELES--(BUSINESS WIRE)--Dec 22, 2024-- Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or “Company”), a California-based technology company specializing in artificial intelligence electric vehicles (AIEV), announced that it has secured approximately $30 million in cash financing commitments. The funds will be used to accelerate the Company’s growth and the development of Faraday X (FX), FF’s strategy of launching affordable high performance AIEV equipped vehicles with cutting edge technology, filling the U.S. market gap in this segment, and for general corporate purposes. Targeting the mainstream EV market in the U.S., FF is expected to have its first two FX prototype mules arrive in Los Angeles later this month, with product development and testing scheduled to begin at FF’s manufacturing facility in Hanford, CA. As part of their delivery journey, the two prototype mules will stop in Las Vegas from January 5 to 7, 2025, where the Company will provide updates on its FX strategy. The $30 million financing commitment includes a pre-funded $7.5 million, which was received in the fourth quarter of this year, and $22.5 million in new cash commitments (the “Financing”), structured in the form of unsecured convertible notes (“Convertible Notes”) and warrants to acquire additional shares of the Company’s common stock (“Warrants”). The conversion price for the Convertible Notes and exercise price for the Warrants are $1.16 and $1.392 per share, respectively, subject to adjustment as set forth therein. The shares of common stock underlying the Convertible Notes and Warrants issued in the Financing are currently unregistered, subject to trading restrictions, and not immediately tradable. The Financing is subject to customary closing conditions. For additional information regarding the material terms relating to the Financing, please see the Company’s Form 8-K to be filed with the SEC on December 23, 2024. “The new funding lays a solid foundation for both FF and its new brand as the Company approaches the end of 2024 and enters the new year,” said Matthias Aydt, Global CEO of FF “I am optimistic about the opportunities that this new funding will bring, including supporting the ongoing production of our FF 91 2.0 and the growth of the FX brand,” Aydt explained. “We are pleased to have supported FF in successfully completing this round of financing,” said Jerry Wang, President of FF Global Partners and Head of Corporate Development, FFIE (Consultant), “We are enthusiastic about the promising opportunities ahead for the FX brand, and we firmly believe in FF's ability to execute its strategy effectively and deliver significant value in the process.” The Convertible Notes, along with the Warrants, were offered and sold in a transaction exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to the exemption for transactions by an issuer not involving any public offering under Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D of the Securities Act and in reliance on similar exemptions under applicable state laws. Accordingly, the Convertible Notes, Warrants and underlying shares of common stock issuable upon conversion of the Convertible Notes and exercise of the Warrants may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws. The Company has agreed to file one or more registration statements with the Securities and Exchange Commission registering the resale of the shares of common stock issuable upon conversion of the Convertible Notes and exercise of the Warrants issued in connection with the Financing. This press release does not constitute an offer to sell or the solicitation of an offer to buy the convertible notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful prior to registration or qualification under the securities laws of any such jurisdiction. ABOUT FARADAY FUTURE Faraday Future is the pioneer of the Ultimate AI TechLuxury market amidst the global trend of EVs. Luxury is just one of the key factors reflecting FF’s achievements in reshaping the EV industry. The company is dedicated to establishing an ever-evolving, interactive in-car software and operating system powered by artificial intelligence and user-generated data, optimizing the experience for each individual within an ecosystem of worldwide users who are also contributors to the innovative FF model. FORWARD LOOKING STATEMENTS This press release includes “forward looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding the closing of the Convertible Notes financing, the Faraday X (FX) strategy and plans for the FX brand, the delivery of two prototype mules, and anticipated use of funds from the Convertible Notes financing, are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include, among others: that the closing of the Financing could be delayed or not occur at all; the timing for the two prototype mules to clear U.S. customs; the Company’s ability to continue as a going concern and improve its liquidity and financial position; the Company’s ability to pay its outstanding obligations; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company’s limited operating history and the significant barriers to growth it faces; the Company’s history of losses and expectation of continued losses; the success of the Company’s payroll expense reduction plan; the Company’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company’s estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company’s vehicles; the Company’s ability to cover future warrant claims; the success of other competing manufacturers; the performance and security of the Company’s vehicles; current and potential litigation involving the Company; the Company’s ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company’s indebtedness; the Company’s ability to cover future warranty claims; the Company’s ability to use its “at-the-market” program; insurance coverage; general economic and market conditions impacting demand for the Company’s products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company’s dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company’s stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s Form 10-K filed with the SEC on May 28, 2024, as amended on May 30, 2024, and June 24, 2024, as updated by the “Risk Factors” section of the Company’s first quarter 2024 Form 10-Q filed with the SEC on July 30, 2024, and other documents filed by the Company from time to time with the SEC. View source version on businesswire.com : https://www.businesswire.com/news/home/20241222966710/en/ CONTACT: Investors (English):ir@faradayfuture.com Investors (Chinese):cn-ir@faradayfuture.com Media:john.schilling@ff.com KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: LUXURY ALTERNATIVE VEHICLES/FUELS TECHNOLOGY EV/ELECTRIC VEHICLES AUTOMOTIVE AUTOMOTIVE MANUFACTURING SOFTWARE MANUFACTURING RETAIL ARTIFICIAL INTELLIGENCE SOURCE: Faraday Future Intelligent Electric Inc. Copyright Business Wire 2024. PUB: 12/22/2024 05:11 PM/DISC: 12/22/2024 05:09 PM http://www.businesswire.com/news/home/20241222966710/en
PITTSBURGH (AP) — The yard lines weren't the only things lost in the early winter squall that swept off Lake Erie and turned Huntington Bank Stadium into a snow globe on Thursday night. The “good vibes only" mindset that carried the Pittsburgh Steelers through two-plus months of solid if not always spectacular football disappeared in a 24-19 loss to last-place Cleveland . Over three eventful hours, all the ingredients of a classic “trap game” the Steelers (8-3) were hoping to avoid created a recipe with an all-too-familiar aftertaste of regret and missed opportunities,. A bit of immaturity from wide receiver George Pickens, who got into an MMA-style exchange with an opposing defensive back ... again. A pinch of frustration from normally stoic defensive tackle Cam Heyward, who vented afterward about being held on a decisive snap. An ounce — OK, several ounces — of confusion from a coaching staff that couldn't seem to decide whether to accept a late Browns penalty and then compounded it by taking a valuable timeout immediately afterward when the defense couldn't get lined up right. A dash of curious game planning, one that included inserting backup quarterback Justin Fields in high-leverage situations, most notably on third-and-6 with less than 5 minutes to go with the game still in the balance. The gambit that worked beautifully in an emotional victory over Baltimore last Sunday was a decidedly more mixed bag this time around. Add it all up and the result was Pittsburgh's fifth loss in its last seven trips to Cleveland, squandering a chance to move closer to its first AFC North title in four years. “We have a lot of football left,” quarterback Russell Wilson said. “We have a lot of opportunities to respond in the highest way, (the) highest level. I think everything that we want is still in front of us.” Yet a team that's been one of the league's bigger surprises failed to avoid a misstep and provided a reminder that for all the good things it has done of late, the Steelers remain a work in progress. “It is very deflating,” outside linebacker T.J. Watt said. "We need to close out games and we were not able to do that tonight. It sucks that we could not hold on, but a loss is a loss.” What's working Wilson's moonball. Even amid the snowflakes and quick deteriorating conditions, Wilson was unafraid to let the ball fly. Wilson averaged a healthy 12.9 yards per completion, including deep shots to Pickens, Van Jefferson and Calvin Austin III, the last a 23-yard flip to the end zone that Austin cradled to give the Steelers a late lead. If there's one thing that Wilson has shown during his first five starts, it's the situation — be it the score, the down, the time left on the clock or the weather — is immaterial. He will throw it where he wants when he wants, regardless of the circumstance. What needs help The final numbers for the offense — namely 368 yards and 35 minutes of possession — were good. The eye test, however, was another matter. The line had trouble protecting Wilson, giving up four sacks, and generating push when it mattered. Take out a 30-yard sprint by Fields and Pittsburgh averaged less than 3 yards per carry on the ground. The Steelers had the ball with under 5 minutes to go knowing two or three first downs would win in it. So middling runs and one ill-advised pass down the sideline by Fields later, Pittsburgh punted and momentum swung one last time. Stock up Outside linebacker Nick Herbig shows a more than passable T.J. Watt impression when healthy. Herbig's strip-sack of Jameis Winston midway through the fourth quarter set up Austin's go-ahead touchdown. Herbig now had 3 1/2 sacks and three forced fumbles despite missing four games with a hamstring injury. Stock down Pickens displays anger issues, particularly when things don't go his way. The third-year wideout had his third very public, strikingly violent outburst in two months when he got into it with Browns cornerback Greg Newsome III after a last-gasp Hail Mary fell incomplete. The NFL fined Pickens more than $10,000 after he grabbed Dallas defensive back Jourdan Lewis by the facemask at the end of a loss in October. Two weeks ago Pickens and Washington's Mike Sainristil exchanged punches following an interception. The volatile Pickens is by far Pittsburgh's best playmaker. Yet with the stakes likely raised in the coming weeks, he needs to keep his emotions in check if he wants to make sure he stays on the field. Injuries Pittsburgh could have starting outside linebacker Alex Highsmith (ankle) back when they visit Cincinnati on Dec. 1. Highsmith has missed the last two games and five overall this season. Key number 0-8 — head coach Mike Tomlin's career record on the road in Thursday night games against AFC North opponents. Next steps Rest up and prepare for a finishing stretch that starts with a visit to the underperforming but still dangerous Bengals. Pittsburgh swept the season series from Cincinnati last year. AP NFL: https://apnews.com/hub/nflA PEDESTRIAN is in hospital in a serious condition after being the victim of a hit-and-run collision in Dublin. The incident occurred at approximately 8:45pm this evening in Rathmines, Dublin . Gardai and emergency services responded to a collision involving a car and a pedestrian on Lower Rathmines Road after the alarm was raised. The car fled the crash scene before emergency services arrived. The male pedestrian, aged in his 40s, was rushed to St James' Hospital . Investigators have said his injuries are understood to be serious. Gardai have launched a probe into the incident and are appealing for witnesses. A statement said: "Gardai are appealing for witnesses following a serious injury traffic collision in Rathmines, Dublin, on Sunday, 22nd December 2024. "At approximately 8:45pm, Gardaí and emergency services responded to a collision involving a car and a pedestrian on Lower Rathmines Road. "The car involved failed to remain at the scene. "The pedestrian, an adult male (40s), was taken by Ambulance to St. James's Hospital. His injuries are understood to be serious. "The scene is currently preserved and traffic diversions are in place. "Gardai are appealing for witnesses to come forward. "Those with camera footage, including motorists with dash-cam, from the area at the time are asked to provide it to investigating Gardai. "Anyone with any information is asked to contact Rathmines Garda Station on 01 6666700, the Garda Confidential Line on 1800 666 111, or any Garda Station." Separately, a man in his 30s has been killed following a single-car collision in Co Offaly. Gardai are appealing for witnesses after the horror crash in the early hours of Sunday morning. The incident occurred at Moorock, Ballycumber, Co Offaly. Gardai were alerted to the crash in the early hours and were notified it involved a single vehicle. The driver was the sole occupant of the car and was fatally injured. There have been no other reports of injuries. The man's body was removed from the scene to the Mortuary in Midlands Regional Hospital, Tullamore.
, /PRNewswire/ -- DAZN Foxtel Foxtel Telstra The acquisition establishes DAZN as a leader in sports entertainment in – a highly attractive sports market – while also expanding DAZN's global footprint and enhancing the group's standing as the global home of sport. The addition of Foxtel to DAZN brings the Group's pro-forma revenues towards and provides the additional content, expertise, and expansion opportunities to accelerate DAZN's growth trajectory. Foxtel is one of leading media companies, with 4.7 million subscribers, who will benefit from DAZN's extensive portfolio of sports content, platform technology, and global reach. From its beginnings as original pay-TV innovator, Foxtel has evolved to become a digital and streaming leader in sports and entertainment and the proposed transaction positions Foxtel for continued expansion as a digital-first, streaming-focused business. Foxtel will maintain its local character, led by the CEO, , and his world-class management team. DAZN, a sports streaming platform with a truly global reach, is committed to growing the global audience for domestic Australian sports across the 200 territories in which it is available. Under the terms of the transaction, News Corp and Telstra will become minority shareholders in DAZN, enabling them to retain an interest in Foxtel. "Australians watch more sport than any other country in the world, which makes this deal an incredibly exciting opportunity for DAZN to enter a key market, marking another step in our long-term strategy to become the global home of sport. Foxtel is a successful business that has undergone a remarkable digital transformation in recent years, and we are confident that our global reach and relentless pursuit of innovation will continue to drive the business forward and ensure long-term success. "We are committed to supporting and investing in Foxtel's television and streaming services, across both sports and entertainment, using our world-leading technology to further enhance the viewing experience for customers. We are also committed to using our global reach to export most popular sports to new markets around the world, and we will continue to promote women's and under-represented sports. "We're looking forward to working closely with and his team, as well as News Corp and Telstra as shareholders in DAZN, to realise our ambitious vision for the future of sport entertainment." , said the agreement with DAZN was international recognition of the transformation of Foxtel from an incumbent pay TV operator to a sports and entertainment digital and streaming leader. "Over the last seven years the Foxtel team, with the strong support of News, have achieved an extraordinary turnaround in an intensely competitive environment." "Today's announcement is a natural evolution for the Foxtel Group, having reinvented the company over the past five years as most dynamic technology-led streaming company. "Kayo and Foxtel provide Australian sports fans with access to the best Australian and international sport and shows, including AFL, NRL and Cricket with 4.7 million subscribers. "We are excited by DAZN's commitment to the Australian market. They are experts in the sports media business and can play a significant role in supporting Foxtel as the business grows its streaming capabilities, bringing a bigger and better service to customers across entertainment, news and sport. They are a perfect match for us as we look toward this next era of growth. "We have been grateful for the support of News Corp while we reimagined the future of Foxtel. In 2019, when we merged Foxtel and Fox Sports we had many people questioning our future. "After launching Kayo later in 2019 and BINGE in 2020, today we are the largest Australian-based streamer of sport and entertainment, we have stabilised our Foxtel base and launched Hubbl to help consumers find all the streamed content they love all in one place. This wouldn't have been possible without the support and encouragement of News Corp." As a world-leading sports entertainment platform, DAZN streams over 90,000 live events annually and is available in more than 200 markets worldwide. DAZN is the home of European football, women's football, boxing and MMA, and the NFL internationally. The platform features the biggest sports and leagues from around the world – Bundesliga, Serie A, LALIGA, Ligue 1, Formula 1, NBA, Moto GP, and many more including the 2025 FIFA Club World Cup. DAZN is transforming the way people enjoy sport. With a single, frictionless platform, sports fans can watch, play, buy, and connect. Live and on-demand sports content, anywhere, in any language, on any device – only on DAZN. DAZN partners with leading pay-TV operators, ISPs and Telcos worldwide to maximise sports exposure to a broad audience. Its partners include Deutsche Telekom, Orange, Sky, Movistar, Telenet, Vodafone, and many more. DAZN is a global, privately-owned company, founded in 2016, with more than 3,000 employees. The Group generated in revenue in 2023, having grown its annual revenues by over 50% on average from 2020 to 2023, through diverse revenue streams comprising subscriptions, advertising, sponsorship, and transactional. For more information on DAZN, our products, people, and performance, visit . The Foxtel Group is one of leading media companies with 4.7 million subscribers. Its businesses include subscription television, streaming, sports production and advertising. The Foxtel Group is owned 65% by News Corp and 35% by Telstra. The Foxtel Group's diversified business includes Fox Sports, leading sports production company, famous for live sports and shows with the best commentators and personalities. It is also the home of local and global entertainment content and continues to be the partner of choice for the widest range of sports and international content providers based on established, long-term relationships, growing streaming audiences, and position as the largest Australian-based subscription television company. View original content: SOURCE DAZNTwo Harbors Investment Corp. ( NYSE:TWO – Get Free Report ) has earned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $13.71. TWO has been the subject of several research analyst reports. Royal Bank of Canada dropped their price objective on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. StockNews.com upgraded Two Harbors Investment to a “sell” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. decreased their price objective on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. JMP Securities dropped their target price on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a research report on Thursday, October 17th. Finally, Compass Point decreased their price target on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a report on Monday, November 25th. Read Our Latest Research Report on Two Harbors Investment Institutional Investors Weigh In On Two Harbors Investment Two Harbors Investment Stock Down 0.5 % TWO stock opened at $11.74 on Friday. The stock has a 50-day simple moving average of $11.87 and a two-hundred day simple moving average of $12.90. Two Harbors Investment has a twelve month low of $11.28 and a twelve month high of $14.27. The firm has a market capitalization of $1.22 billion, a PE ratio of -2.44 and a beta of 1.85. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.80. Two Harbors Investment ( NYSE:TWO – Get Free Report ) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. The firm had revenue of $112.64 million for the quarter. During the same quarter in the previous year, the business earned ($0.01) earnings per share. On average, equities analysts predict that Two Harbors Investment will post 0.47 EPS for the current fiscal year. Two Harbors Investment Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 15.33%. The ex-dividend date is Friday, January 3rd. Two Harbors Investment’s dividend payout ratio (DPR) is presently -37.34%. Two Harbors Investment Company Profile ( Get Free Report Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions. See Also Receive News & Ratings for Two Harbors Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Two Harbors Investment and related companies with MarketBeat.com's FREE daily email newsletter .
HOUSTON (AP) — For a second straight season, the Houston Texans will be without Tank Dell to end the regular season and for the playoffs after the dynamic receiver suffered another major injury. Dell sustained what coach DeMeco Ryans called a “significant” knee injury on a 30-yard touchdown catch in Houston’s loss to Kansas City on Saturday . Though the team hasn’t officially ruled him out for the season, it seems unlikely that he’ll be able to return after he was hospitalized overnight following the injury. Ryans said Sunday that Dell had been released from the hospital and was heading back to Houston. He added that he was still being evaluated to see what the next steps would be. This injury comes after Dell fractured his fibula in Week 13 against the Broncos last season and had surgery on it the following day. “It’s tough to see guys get injured, the work that guys put in, how much they put their bodies on the line to play this game,” Ryans said. “It’s deeper than football. We are talking about real people who have real emotions and real feelings who are going through a tough time right now. Our thoughts and prayers are with everyone involved in that situation.” The AFC South champion Texans will have to regroup quickly with a visit from the Ravens coming on Christmas Day. Dell’s injury is another blow to a team that was already missing Stefon Diggs after the four-time Pro Bowl receiver sustained a season-ending knee injury in Week 8. Dell ranks second on the team with 51 receptions for 667 yards and three touchdowns behind Nico Collins, who has 909 yards receiving and six scores. Tight end Dalton Schultz has 482 yards receiving and two touchdowns and running back Joe Mixon 291 yards receiving and a touchdown grab. But with Dell and Diggs out, the Texans are thin at receiver. John Metchie, who has just 182 yards receiving this season, could fill in for Diggs this week, but his status is uncertain after he missed Saturday’s game with a shoulder injury. “There is a chance John could be back,” Ryans said. “I think he’s progressing, so we’ll see where he ends up on Wednesday.” Other options at the position are veteran Robert Woods, who has just 143 yards receiving this season, and Xavier Hutchinson, who nine catches. Quarterback C.J. Stroud, one of Dell’s closest friends, was distraught after Dell’s injury and remained upset after the game. He said it will be difficult for the team to bounce back after losing Dell to a serious injury again. “The easy answer is to tell you something to make everybody feel nice, but it’s not the truth right now,” he said after the game. “The truth is that it’s not easy seeing your brother go down like that. (Sunday) we’ll have to get recovery, get ready for Wednesday because it’s another big-time opponent. The Ravens are a great team. It’ll be a playoff atmosphere on Christmas Day.” What's working Stroud distributed the ball well Saturday, completing passes to six different players. Dell led the way with six receptions for 98 yards and Collins had seven receptions for 60 yards while being double-teamed often. With teams likely to place even more emphasis on stopping Collins with Dell out, Stroud will need to continue to spread the ball around against the Ravens. What needs help The Texans continue to struggle in the red zone and converted just 1 of 3 opportunities Saturday. This comes after they were also 1 of 3 in a win over the Jaguars in Week 13 and converted just 2 of 4 chances in a loss to the Titans in Week 12. “We had our opportunities, and it just comes down to as simple as guys being in the right spot,” Ryans said. “We just have to make the plays. We have to finish and that’s all it comes down to.” Stock up LB Christian Harris had seventh tackles and a sack against the Chiefs in his second game of the season after missing the first 13 with a calf injury. His sack was Houston’s 46th of the season, which ties a franchise record that was set last season. Stock down K Ka’imi Fairbairn missed an extra point Saturday. He’s been excellent from long range this season, making 13 field goals longer than 50 yards. But has struggled on shorter kicks, missing two from less than 30 yards before Saturday’s PAT miss. Injuries S Jimmie Ward injured his foot Saturday and could miss the rest of the season. ... G Shaq Mason injured his knee against the Chiefs and will likely miss Wednesday’s game. Key number 10 — Dell’s touchdown Saturday was the 10th of his career, tying Hall of Famer Andre Johnson for most TD catches by a Texans through their first two seasons. Next steps The Texans look for their first win over Baltimore since 2014 after five consecutive wins by the Ravens, including a 34-10 victory in the divisional round of the playoffs last season. ___ AP NFL: https://apnews.com/hub/nfl Kristie Rieken, The Associated PressHow Trump's bet on voters electing him managed to silence some of his legal woes
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES HALIFAX, Nova Scotia, Nov. 26, 2024 (GLOBE NEWSWIRE) -- NOVA LEAP HEALTH CORP. (TSXV: NLH) (“Nova Leap” or “the Company”), a growing home health care organization, is pleased to announce that it has entered into an agreement to amend its existing credit agreement (the “Credit Agreement”) with BMO Bank of Montreal for new credit facilities (the “Credit Facilities”). The amended Credit Agreement will provide up to an additional $7 million of available credit to support the Company’s long-term growth strategy. All amounts are in United States dollars unless otherwise specified. The Credit Facilities consist of non-readvanceable demand acquisition lines to assist with business acquisitions, including the Nova Scotia acquisition announced on October 29, 2024, the Florida acquisition announced on October 15, 2024, and future business acquisitions approved by the lender, in addition to the Company’s existing facilities for working capital and day-to-day operating needs. The acquisition lines are available as CAD prime (prime rate plus 1.50%) and USD base rate (base rate plus 1.50%) loans, as well as fixed rate loans with rates determined at the time of booking. The Credit Facilities contain financial and other covenants and security in favour of the lender which are customary for facilities of this nature, including security over the assets of the Company and its subsidiaries, and are conditional upon obtaining coverage under Export Development Canada’s Export Guarantee Program. Management Comments “We are pleased to secure the new Credit Facilities. Our ability to complete this transaction reflects the consistent cash flow and financial results that we have produced. With our strong Adjusted EBITDA over the past six quarters, our capital structure can comfortably support increased debt, while still maintaining financial flexibility,” said Chris LeBlanc, Chief Financial Officer of Nova Leap. “The successful negotiation of the Credit Facilities provides us with greater financial flexibility to execute on our growth strategy that consists of investing in our business to drive organic growth and in pursuing strategic acquisitions,” said Chris Dobbin, President & CEO of Nova Leap. About Nova Leap Nova Leap is an acquisitive home health care services company operating in one of the fastest-growing industries in the U.S. & Canada. The Company performs a vital role within the continuum of care with an individual and family centered focus, particularly those requiring dementia care. Nova Leap achieved the #42 ranking on the 2021 Report on Business ranking of Canada’s Top Growing Companies, the #2 ranking on the 2020 Report on Business ranking of Canada’s Top Growing Companies and the #10 Ranking in the 2019 TSX Venture 50TM in the Clean Technology & Life Sciences sector. The Company is geographically diversified with operations in 10 different U.S. states within the New England, Southeastern, South Central and Midwest regions as well as in Nova Scotia, Canada. NON-IFRS MEASURES: This release contains references to certain measures that do not have a standardized meaning under IFRS as prescribed by the International Accounting Standards Board (“IASB”) and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS measures by providing a further understanding of operations from management’s perspective. Accordingly, non-IFRS financial measures should not be considered in isolation or as a substitute for analysis of financial information reported under IFRS. The Company presents non-IFRS financial measures, specifically Adjusted EBITDA (as such term is hereinafter defined), as well as supplementary financial measures such as annualized revenue and annualized adjusted EBITDA. The Company believes these non-IFRS financial measures are frequently used by lenders, securities analysts, investors and other interested parties as a measure of financial performance, and it is therefore helpful to provide supplemental measures of operating performance and thus highlight trends that may not otherwise be apparent when relying solely on IFRS financial measures. Adjusted Earnings before interest, taxes, amortization and depreciation (“Adjusted EBITDA”), is calculated as income from operating activities plus amortization and depreciation and stock-based compensation expense. The most directly comparable IFRS measure is income from operating activities. FORWARD LOOKING INFORMATION: Certain information in this press release may contain forward-looking statements, such as statements regarding availability of the Credit Facilities, the closing of the acquisitions (including timing) and its expected impact on the Company, financing of the acquisitions, and plans regarding future acquisitions and business growth. This information is based on current expectations and assumptions, including assumptions described elsewhere in this release and those concerning general economic and market conditions, the satisfaction of conditions to closing the Credit Facilities and the acquisitions, availability of working capital necessary for conducting Nova Leap’s operations, availability of desirable acquisition targets and financing to fund such acquisitions, and Nova Leap’s ability to integrate its acquired businesses and maintain previously achieved service hour and revenue levels, that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Risks that could cause results to differ from those stated in the forward-looking statements in this release include staff and supply shortages, regulatory changes affecting the home care industry or government programs utilized by the Company, other unexpected increases in operating costs and competition from other service providers. All forward-looking statements, including any financial outlook or future-oriented financial information, contained in this press release are made as of the date of this release and included for the purpose of providing information about management's current expectations and plans relating to the future, and these statements may not be appropriate for other purposes. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedarplus.com . CAUTIONARY STATEMENT: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Apollomics Regains Compliance with Nasdaq’s Minimum Bid Price Requirement
HOUSTON (AP) — For a second straight season, the Houston Texans will be without Tank Dell to end the regular season and for the playoffs after the dynamic receiver suffered another major injury. Dell sustained what coach DeMeco Ryans called a “significant” knee injury on a 30-yard touchdown catch in Houston’s loss to Kansas City on Saturday . Though the team hasn’t officially ruled him out for the season, it seems unlikely that he’ll be able to return after he was hospitalized overnight following the injury. Ryans said Sunday that Dell had been released from the hospital and was heading back to Houston. He added that he was still being evaluated to see what the next steps would be. This injury comes after Dell fractured his fibula in Week 13 against the Broncos last season and had surgery on it the following day. “It’s tough to see guys get injured, the work that guys put in, how much they put their bodies on the line to play this game,” Ryans said. “It’s deeper than football. We are talking about real people who have real emotions and real feelings who are going through a tough time right now. Our thoughts and prayers are with everyone involved in that situation.” The AFC South champion Texans will have to regroup quickly with a visit from the Ravens coming on Christmas Day. Dell’s injury is another blow to a team that was already missing Stefon Diggs after the four-time Pro Bowl receiver sustained a season-ending knee injury in Week 8. Dell ranks second on the team with 51 receptions for 667 yards and three touchdowns behind Nico Collins, who has 909 yards receiving and six scores. Tight end Dalton Schultz has 482 yards receiving and two touchdowns and running back Joe Mixon 291 yards receiving and a touchdown grab. But with Dell and Diggs out, the Texans are thin at receiver. John Metchie, who has just 182 yards receiving this season, could fill in for Diggs this week, but his status is uncertain after he missed Saturday’s game with a shoulder injury. “There is a chance John could be back,” Ryans said. “I think he’s progressing, so we’ll see where he ends up on Wednesday.” Other options at the position are veteran Robert Woods, who has just 143 yards receiving this season, and Xavier Hutchinson, who nine catches. Quarterback C.J. Stroud, one of Dell’s closest friends, was distraught after Dell’s injury and remained upset after the game. He said it will be difficult for the team to bounce back after losing Dell to a serious injury again. “The easy answer is to tell you something to make everybody feel nice, but it’s not the truth right now,” he said after the game. “The truth is that it’s not easy seeing your brother go down like that. (Sunday) we’ll have to get recovery, get ready for Wednesday because it’s another big-time opponent. The Ravens are a great team. It’ll be a playoff atmosphere on Christmas Day.” What's working Stroud distributed the ball well Saturday, completing passes to six different players. Dell led the way with six receptions for 98 yards and Collins had seven receptions for 60 yards while being double-teamed often. With teams likely to place even more emphasis on stopping Collins with Dell out, Stroud will need to continue to spread the ball around against the Ravens. What needs help The Texans continue to struggle in the red zone and converted just 1 of 3 opportunities Saturday. This comes after they were also 1 of 3 in a win over the Jaguars in Week 13 and converted just 2 of 4 chances in a loss to the Titans in Week 12. “We had our opportunities, and it just comes down to as simple as guys being in the right spot,” Ryans said. “We just have to make the plays. We have to finish and that’s all it comes down to.” Stock up LB Christian Harris had seventh tackles and a sack against the Chiefs in his second game of the season after missing the first 13 with a calf injury. His sack was Houston’s 46th of the season, which ties a franchise record that was set last season. Stock down K Ka’imi Fairbairn missed an extra point Saturday. He’s been excellent from long range this season, making 13 field goals longer than 50 yards. But has struggled on shorter kicks, missing two from less than 30 yards before Saturday’s PAT miss. Injuries S Jimmie Ward injured his foot Saturday and could miss the rest of the season. ... G Shaq Mason injured his knee against the Chiefs and will likely miss Wednesday’s game. Key number 10 — Dell’s touchdown Saturday was the 10th of his career, tying Hall of Famer Andre Johnson for most TD catches by a Texans through their first two seasons. Next steps The Texans look for their first win over Baltimore since 2014 after five consecutive wins by the Ravens, including a 34-10 victory in the divisional round of the playoffs last season. AP NFL: https://apnews.com/hub/nflDAZN ADVANCES GLOBAL EXPANSION WITH ACQUISITION OF FOXTEL, A LEADING AUSTRALIAN SPORTS AND ENTERTAINMENT MEDIA GROUP
IRVING, Texas , Dec. 10, 2024 /PRNewswire/ -- The Board of Directors of Caterpillar Inc. (NYSE: CAT) voted today to maintain the quarterly dividend of one dollar and forty-one cents ($1.41) per share of common stock, payable Feb. 20, 2025 , to shareholders of record at the close of business on Jan. 21, 2025 .By Will Dunham and Jasper Ward WASHINGTON (Reuters) -Jimmy Carter, the earnest Georgia peanut farmer who as U.S. president struggled with a bad economy and the Iran hostage crisis but brokered peace between Israel and Egypt and later received the Nobel Peace Prize for his humanitarian work, died at his home in Plains, Georgia, on Sunday, the Carter Center said. He was 100. “My father was a hero, not only to me but to everyone who believes in peace, human rights, and unselfish love,” said Chip Carter, the former president’s son. “My brothers, sister, and I shared him with the rest of the world through these common beliefs. The world is our family because of the way he brought people together, and we thank you for honoring his memory by continuing to live these shared beliefs.” A Democrat, he served as president from January 1977 to January 1981 after defeating incumbent Republican President Gerald Ford in the 1976 U.S. election. Carter was swept from office four years later in an electoral landslide as voters embraced Republican challenger Ronald Reagan, the former actor and California governor. Carter lived longer after his term in office than any other U.S. president. Along the way, he earned a reputation as a better former president than he was a president - a status he readily acknowledged. His one-term presidency was marked by the highs of the 1978 Camp David accords between Israel and Egypt, bringing some stability to the Middle East. But it was dogged by an economy in recession, persistent unpopularity and the embarrassment of the Iran hostage crisis that consumed his final 444 days in office. In recent years, Carter had experienced several health issues including melanoma that spread to his liver and brain. Carter decided to receive hospice care in February 2023 instead of undergoing additional medical intervention. His wife, Rosalynn Carter, died on Nov. 19, 2023, at age 96. He looked frail when he attended her memorial service and funeral in a wheelchair. Carter left office profoundly unpopular but worked energetically for decades on humanitarian causes. He was awarded the Nobel Peace Prize in 2002 in recognition of his "untiring effort to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development." Carter had been a centrist as governor of Georgia with populist tendencies when he moved into the White House as the 39th U.S. president. He was a Washington outsider at a time when America was still reeling from the Watergate scandal that led Republican Richard Nixon to resign as president in 1974 and elevated Ford from vice president. "I'm Jimmy Carter and I'm running for president. I will never lie to you," Carter promised with an ear-to-ear smile. Asked to assess his presidency, Carter said in a 1991 documentary: "The biggest failure we had was a political failure. I never was able to convince the American people that I was a forceful and strong leader." Despite his difficulties in office, Carter had few rivals for accomplishments as a former president. He gained global acclaim as a tireless human rights advocate, a voice for the disenfranchised and a leader in the fight against hunger and poverty, winning the respect that eluded him in the White House. Carter won the Nobel Peace Prize in 2002 for his efforts to promote human rights and resolve conflicts around the world, from Ethiopia and Eritrea to Bosnia and Haiti. His Carter Center in Atlanta sent international election-monitoring delegations to polls around the world. A Southern Baptist Sunday school teacher since his teens, Carter brought a strong sense of morality to the presidency, speaking openly about his religious faith. He also sought to take some pomp out of an increasingly imperial presidency - walking, rather than riding in a limousine, in his 1977 inauguration parade. The Middle East was the focus of Carter's foreign policy. The 1979 Egypt-Israel peace treaty, based on the 1978 Camp David accords, ended a state of war between the two neighbors. Carter brought Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin to the Camp David presidential retreat in Maryland for talks. Later, as the accords seemed to be unraveling, Carter saved the day by flying to Cairo and Jerusalem for personal shuttle diplomacy. The treaty provided for Israeli withdrawal from Egypt's Sinai Peninsula and establishment of diplomatic relations. Begin and Sadat each won a Nobel Peace Prize in 1978. By the 1980 election, the overriding issues were double-digit inflation, interest rates that exceeded 20% and soaring gas prices, as well as the Iran hostage crisis that brought humiliation to America. These issues marred Carter's presidency and undermined his chances of winning a second term. HOSTAGE CRISIS On Nov. 4, 1979, revolutionaries devoted to Iran's Ayatollah Ruhollah Khomeini had stormed the U.S. Embassy in Tehran, seized the Americans present and demanded the return of the ousted shah Mohammad Reza Pahlavi, who was backed by the United States and was being treated in a U.S. hospital. The American public initially rallied behind Carter. But his support faded in April 1980 when a commando raid failed to rescue the hostages, with eight U.S. soldiers killed in an aircraft accident in the Iranian desert. Carter's final ignominy was that Iran held the 52 hostages until minutes after Reagan took his oath of office on Jan. 20, 1981, to replace Carter, then released the planes carrying them to freedom. In another crisis, Carter protested the former Soviet Union's 1979 invasion of Afghanistan by boycotting the 1980 Olympics in Moscow. He also asked the U.S. Senate to defer consideration of a major nuclear arms accord with Moscow. Unswayed, the Soviets remained in Afghanistan for a decade. Carter won narrow Senate approval in 1978 of a treaty to transfer the Panama Canal to the control of Panama despite critics who argued the waterway was vital to American security. He also completed negotiations on full U.S. ties with China. Carter created two new U.S. Cabinet departments - education and energy. Amid high gas prices, he said America's "energy crisis" was "the moral equivalent of war" and urged the country to embrace conservation. "Ours is the most wasteful nation on earth," he told Americans in 1977. In 1979, Carter delivered what became known as his "malaise" speech to the nation, although he never used that word. "After listening to the American people I have been reminded again that all the legislation in the world can't fix what's wrong with America," he said in his televised address. "The threat is nearly invisible in ordinary ways. It is a crisis of confidence. It is a crisis that strikes at the very heart and soul and spirit of our national will. The erosion of our confidence in the future is threatening to destroy the social and the political fabric of America." As president, the strait-laced Carter was embarrassed by the behavior of his hard-drinking younger brother, Billy Carter, who had boasted: "I got a red neck, white socks, and Blue Ribbon beer." 'THERE YOU GO AGAIN' Jimmy Carter withstood a challenge from Massachusetts Senator Edward Kennedy for the 1980 Democratic presidential nomination but was politically diminished heading into his general election battle against a vigorous Republican adversary. Reagan, the conservative who projected an image of strength, kept Carter off balance during their debates before the November 1980 election. Reagan dismissively told Carter, "There you go again," when the Republican challenger felt the president had misrepresented Reagan's views during one debate. Carter lost the 1980 election to Reagan, who won 44 of the 50 states and amassed an Electoral College landslide. James Earl Carter Jr. was born on Oct. 1, 1924, in Plains, Georgia, one of four children of a farmer and shopkeeper. He graduated from the U.S. Naval Academy in 1946, served in the nuclear submarine program and left to manage the family peanut farming business. He married his wife, Rosalynn, in 1946, a union he called "the most important thing in my life." They had three sons and a daughter. Carter became a millionaire, a Georgia state legislator and Georgia's governor from 1971 to 1975. He mounted an underdog bid for the 1976 Democratic presidential nomination, and out-hustled his rivals for the right to face Ford in the general election. With Walter Mondale as his vice presidential running mate, Carter was given a boost by a major Ford gaffe during one of their debates. Ford said that "there is no Soviet domination of Eastern Europe and there never will be under a Ford administration," despite decades of just such domination. Carter edged Ford in the election, even though Ford actually won more states - 27 to Carter's 23. Not all of Carter's post-presidential work was appreciated. Former President George W. Bush and his father, former President George H.W. Bush, both Republicans, were said to have been displeased by Carter's freelance diplomacy in Iraq and elsewhere. In 2004, Carter called the Iraq war launched in 2003 by the younger Bush one of the most "gross and damaging mistakes our nation ever made." He called George W. Bush's administration "the worst in history" and said Vice President Dick Cheney was "a disaster for our country." In 2019, Carter questioned Republican Donald Trump's legitimacy as president, saying "he was put into office because the Russians interfered on his behalf." Trump responded by calling Carter "a terrible president." Carter also made trips to communist North Korea. A 1994 visit defused a nuclear crisis, as President Kim Il Sung agreed to freeze his nuclear program in exchange for resumed dialogue with the United States. That led to a deal in which North Korea, in return for aid, promised not to restart its nuclear reactor or reprocess the plant's spent fuel. But Carter irked Democratic President Bill Clinton's administration by announcing the deal with North Korea's leader without first checking with Washington. In 2010, Carter won the release of an American sentenced to eight years hard labor for illegally entering North Korea. Carter wrote more than two dozen books, ranging from a presidential memoir to a children's book and poetry, as well as works about religious faith and diplomacy. His book "Faith: A Journey for All," was published in 2018. (Reporting and writing by Will Dunham; Editing by Bill Trott and Diane Craft)
US stock indices pushed to fresh records Tuesday, shrugging off tariff threats from President-elect Donald Trump while European equities retreated. Trump, who doesn't take office until January 20, made his threat in social media posts Monday night, announcing huge import tariffs against neighbors Canada and Mexico and also rival China if they do not stop illegal immigration and drug smuggling. Both the Dow and S&P 500 notched all-time highs, with investors regarding the incoming president's words as a bargaining chip. "In theory, higher tariffs should not be good news for stocks. But, you know, I think the market's chosen to think of (it) as a negotiating tactic," said Steve Sosnick of Interactive Brokers. "You have bullish sentiment," said LBBW's Karl Haeling. "People are tending to look at things as positively as possible." But General Motors, which imports autos from Mexico to the United States, slumped 9.0 percent, while rival Ford dropped 2.6 percent. Overseas bourses were also buffeted by the news. European stocks followed losses in Asia, despite Trump excluding Europe as an immediate target for tariffs. "These are his first direct comments on tariffs and tariff levels since becoming president-elect, and they have roiled markets," said Kathleen Brooks, research director at XTB trading group, ahead of the Wall Street open. "It is early days, and there are plenty of opportunities for Trump to direct his attention to Europe down the line," Brooks added. The US dollar rallied against its Canadian equivalent, China's yuan and Mexico's peso, which hit its lowest level since August 2022. In other economic news, the Conference Board's consumer confidence index rose to 111.7 this month, up from 109.6 in October, boosted by greater optimism surrounding the labor market. "November's increase was mainly driven by more positive consumer assessments of the present situation, particularly regarding the labor market," said Dana Peterson, chief economist at The Conference Board. Pantheon Macroeconomics chief US economist Samuel Tombs added in a note that the increase in consumer confidence overall "likely was driven by euphoria among Republicans." "The index also jumped in late 2016, when Mr. Trump was elected for the first time," he said. Federal Reserve meeting minutes showed policy makers expect inflation to keep cooling, signaling a gradual approach to interest rate cuts if price increases ease further and the job market remains strong. New York - Dow: UP 0.3 percent at 44,860.31 (close) New York - S&P 500: UP 0.6 percent at 6,021.63 (close) New York - Nasdaq: UP 0.6 percent at 19,174.30 (close) London - FTSE 100: DOWN 0.4 percent at 8,258.61 (close) Paris - CAC 40: DOWN 0.9 percent at 7,194.51 (close) Frankfurt - DAX: DOWN 0.6 percent at 19,295.98 (close) Tokyo - Nikkei 225: DOWN 0.9 percent at 38,442.00 (close) Hong Kong - Hang Seng Index: FLAT at 19,159.20 (close) Shanghai - Composite: DOWN 0.1 percent at 3,259.76 (close) Euro/dollar: DOWN at $1.0482 from $1.0495 on Monday Pound/dollar: DOWN at $1.2567 from $1.2568 Dollar/yen: DOWN at 153.06 yen from 154.23 yen Euro/pound: DOWN at 83.41 pence from 83.51 pence Brent North Sea Crude: DOWN 0.3 percent at $72.81 per barrel West Texas Intermediate: DOWN 0.3 percent at $68.77 per barrel bur-jmb/st
The Provincial Councils and Local Government Ministry said the ‘Clean Sri Lanka’ programme will begin from January 1. This programme will be implemented by focusing on 341 Local Government bodies. The programme is designed to foster the social, environmental, and ethical awakening of the country while strengthening environmental, economic and social sustainability. It also aims to enhance the efficiency of state machinery to ensure the successful realisation of its objectives. A Gazette notification was issued recently establishing an 18 member Presidential Task Force to plan and implement the “Clean Sri Lanka” Programme, a key feature in President’s policy statement. They have been tasked with preparing a plan, guide, implement, review the progress and complete the “Clean Sri Lanka” programme within a given time frame aiming to achieve the objectives of elevating society to a more advanced status through a social, environmental and ethical awakening. The Task Force is headed by Secretary to the President Dr.N.S.Kumanayake. The other members are the Army, Navy and the Air Force Commanders, the acting Inspector General Priyantha Weerasuriya, Urban Development Authority Chairman Kumudu Lal De Silva, I.S.Jayaratna, Gihan De Silva, Sandya Salgado, Dr.Gamini Batuwitage, Dr. Anuruddha Gamage, Dilruk Wanasinghe, Deepal Sooriyaarachchi, Sisira Amarabandu, Krishantha Cooray, Jayathu Perera, Ruwan Weerasooriya and Dayan Karunarathna. The said Presidential Task Force should submit reports to the President from time to time, in respect of the execution of the aforesaid tasks.The prime minister has labelled a new graffiti and arson attack as an "abhorrent anti-Semitic hate crime" after a spate of similar incidents across the country. or signup to continue reading A car was burned on Magney Street, Woollahra in Sydney's east, a suburb known for its Jewish community, in the early hours of Wednesday morning. The vehicle, two buildings and a footpath were graffitied with hate speech, NSW Police said. The perpetrators are believed to be two people of slim build, aged between 15 and 20 years, wearing face coverings and dark clothing. The graffiti on one of the buildings said 'Kill Israiel' (sic). Anthony Albanese said it was an "anti-Semitic attack". "This isn't an attack on a government, this is an attack on people because they happen to be Jewish," he told ABC radio. "This is a hate crime, it's as simple as that." Mr Albanese said the perpetrators were guilty of "abhorrent criminal behaviour". "This does not change anything that is occurring on the ground in the Middle East," he said. "This is an attack against their fellow Australians." The incident has been escalated to the Australian Federal Police, after a spate of similar incidents across the country. On Friday, the Adass Israel Synagogue at Ripponlea in Melbourne's southeast was set alight in a pre-dawn attack while a number of people were inside. The federal police have set up Operation Avalanche to investigate what was labelled a "likely" act of terrorism. Operation Avalanche will now also investigate Wednesday's incident. This is the second such incident in Woollahra, which is home to more than 7000 people, after buildings and vehicles were targeted in November. A ute was set on fire, multiple cars were graffitied and a restaurant and other buildings were graffitied with anti-Israel messages. Two men were arrested and charged over that attack. NSW Premier Chris Minns branded Wednesday's incident an act of anti-Semitism. "I'll be speaking to police this morning," he posted on social media. "They will be found and they will face the full force of the law." Executive Council of Australian Jewry co-chief executive Alex Ryvchin said it was designed to terrorise Jewish Australians. "The Jewish community again wakes to scenes of terror and devastation," he said. "How long will this continue and with what horrors will it end?" Advertisement Sign up for our newsletter to stay up to date. We care about the protection of your data. Read our . AdvertisementPecoraro working to stay on task
EDMONTON — Prairie premiers are urging Canada to act on American concerns over illegal cross-border traffic of people and drugs to stave off the looming threat of 25-per-cent tariffs. Alberta's Danielle Smith, Saskatchewan's Scott Moe, and Manitoba's Wab Kinew said Tuesday that Canada must better address the concerns of its largest trading partner. Incoming U.S. president Donald Trump promised Monday to impose the tariffs on his first day in office in January. He said he would keep the tariffs in place until Canada and Mexico stop illegal border crossings and prevent drugs such as fentanyl from entering the U.S. Smith told the legislature Tuesday the tariffs would be “devastating” across the board. She said she will highlight the "pressure points" that need to be addressed during a planned meeting Wednesday between premiers and Prime Minister Justin Trudeau. "I believe the new (Trump) administration has been very clear about what it is they want. They want us to meet our two-per-cent NATO commitment, and they want to stop the leaky border," she said, pointing to the illegal fentanyl trade. In a video posted to social media, Smith said Canada needs to reach its pledged commitment to spend at least two per cent of its gross domestic product on defence by 2032. "If their trade partners are looking to be free riders on American security interests, that's also going to harm the relationship," Smith said, adding, "you also have to take seriously the asylum seekers." The U.S. is Alberta’s largest trading partner, with $188 billion in bilateral trade in 2023. Last year, energy products accounted for more than 80 per cent of that trade, or about $134 billion. Smith said the vast majority of Alberta's energy exports to the U.S. are "delivered through secure and safe pipelines," which "do not in any way contribute to these illegal activities." Manitoba's premier said Tuesday the tariffs would mean a recession for his province and that Canada needs to show the new U.S. administration it's serious about border security and tackling the drug crisis. Kinew said it begins with Canada’s pledge to its NATO allies. "First and foremost, (it’s about) hitting that target of two per cent spending on defence,” said Kinew. “That gets us in the game just to be taken seriously as a security partner with the U.S. If we don't do it, it's going to become a trade problem." In Regina, Moe told reporters he understands Trump’s position on border security He proposed Trudeau look at having the Canada Border Services Agency work under the arm of the military. “I think that might be a way for us to really work collaboratively, to work together with our American people, but also ensuring that we do have a secure border,” he said. Moe added the proposed tariffs would hurt Saskatchewan’s export-based economy and drive up prices on both sides of the border. “This will have a significant impact in Canada and particularly in Saskatchewan. We export about 60 per cent of our products to the U.S. I don’t think any job, any industry would be untouched with a 25-per-cent tariff from the U.S. on all Canadian products,” he said. He said his province plans to use all levers at its disposal to stop the tariffs and will approach the U.S. directly, adding the province has a strong relationship with some in Trump’s administration. In 2023, Saskatchewan’s exports to the U.S. amounted to almost $27 billion after hitting a record high of $29 billion in 2022. Its top exports include crude oil, potash and canola. This report by The Canadian Press was first published Nov. 26, 2024. — With files from Jeremy Simes in Regina and Brittany Hobson in Winnipeg Lisa Johnson, The Canadian Press