A week ago, Matt Gaetz was on his way to becoming Donald Trump’s avenging angel as U.S. Attorney General, the nation’s top law enforcement official. But now that the former Florida congressman has withdrawn his nomination amid persistent questions about his involvement in a sex scandal involving a 17-year-old girl, his political prospects are not so clear put. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get the latest news, sports, weather and more delivered right to your inbox.Ahead of Beyonce’s highly-anticipated Christmas Day performance, Lamar Jackson asserted that he wouldn’t miss it for the world - or a Baltimore Ravens game, for that matter. On Wednesday, Beyonce is slated to take the stage at NRG Stadium during halftime of the Ravens’ game against the Houston Texans . Though Jackson will certainly have other commitments during the performance - namely gameplanning for the final two quarters of play - the quarterback informed members of the media that he would still find a way to catch the show. When asked on Monday if he was disappointed to be missing the pop icon’s concert, Jackson replied: "No, because I'm going to go out there and watch. I'm going to go out there and watch. [It will be my] first time seeing Beyoncé perform, and it's at our game - that's dope. I'm going to go out and watch. Sorry [head coach John] Harbaugh, sorry. Sorry fellas." Texans get grim Tank Dell injury news after brutal hit on touchdown catch vs. Chiefs Mike Tomlin offers honest verdict on Travis Kelce ahead of Steelers game vs Chiefs When one reporter questioned if the Ravens’ lead at halftime could play a role in whether or not Jackson watches Beyonce - whose hit song ‘To the left’ is his favorite track - the 27-year-old added: "No, I'm not even thinking about the lead. I was just thinking about just seeing Beyonce for the first time. “Not saying it like that; no disrespect or [anything], because I know how people can take things.” Jackson is far from the only person in Baltimore’s locker room who’s looking forward to seeing Beyonce. Ravens head coach John Harbaugh jokingly warned his players that “there will be big trouble” should they sneak out to attend the halftime show, but made sure to give the songstress her due praise. “I can't say I'm a huge Beyonce fan, but I think I like her,” he said. “Is she doing country [music] now? You think some of those country songs will be in there? You'll have to report to me on that." Upon being reminded that Beyonce previously performed at the Super Bowl XLVII halftime show - in which the Ravens defeated the 49ers, 34-31 - Harbaugh responded: "Did she? That's good to know. I do remember that now. Focus, focus." This isn’t the first time that an NFL player has expressed a desire to catch the halftime performance of a big game. Back in February of 2022, Cincinnati Bengals kicker Evan McPherson infamously returned to the sidelines early during Super Bowl LVI in order to watch Dr. Dre, Snoop Dogg, Eminem, Mary J. Blige, Kendrick Lamar and 50 Cent perform. "Looking back on it, if there was a camera in my face, I wouldn't stay out there," McPherson told The Athletic’s Paul Dehner Jr. "I get how it looked. It probably looked pretty bad. I probably wouldn't do it again, but no regrets." The decision particularly drew the ire of Bengals special teams coordinator and assistant head coach Darrin Simmons, who slammed McPherson and long snapper Clark Harris for not being present in the locker room. "It's triple, it's triple-y bad," he said. "It's embarrassing." **Want to watch more live sports? Peacock has your favorite sports, shows, and more all in one place. ** Peacock offers plans starting at $7.99 ** so you can stream live sports like NFL, Premier League, and Big Ten Football.**TELECOMMUNICATION giants PLDT Inc. and Globe Telecom Inc. said on Thursday they are stepping up initiatives to safeguard customers and enterprises from malicious online activities, as cyber threats and scams continue to proliferate in the Philippines. In separate statements, both companies said they have developed comprehensive measures to counter cybercrime, underscoring their commitment to create a safer digital environment. PLDT Enterprise First Vice President John Gonzales said the group is focusing on cutting-edge technological solutions to combat cybercrime, particularly as mobile transactions dominate the digital landscape. “The Philippines is a mobile-first country. Today, 64 percent of transactions here are conducted on mobile devices, and because of the high volume of transactions, the Philippines has become a major target for malicious actors,” Gonzales said. He said PLDT has aligned with GSMA’s Open Gateway Initiative, which fosters standardized APIs for secure and seamless digital experience. He cited the rollout of three key services in 2024: silent authentication to replace OTPs, device location validation for fraud detection, and enhanced Know Your Customer (KYC) processes to ensure secure transactions. “PLDT and Smart fully understand the critical role of telcos in fighting fraudulent activities. We are very thankful for GSMA who has been driving anti-fraud measures globally by uniting telcos, app developers, enterprises and other stakeholders to create mechanisms against fraud,” Gonzales said. In addition to technological advancements, PLDT and Smart are proactively collaborating with industry stakeholders and government agencies to tackle scams like SMShing and the use of illegal cell towers. The group has already blocked nearly two billion malicious text messages and blacklisted almost a million scam-related numbers in 2024. “Our role in continuously educating consumers and enterprises is also something we take seriously. Together, we must continue to build awareness of cybercrimes and ways to prevent them, putting in place a comprehensive defense against fraud and scams,” he said. Globe Telecom, meanwhile, is using its Digital Thumbprint Program (DTP) to educate Filipinos on digital citizenship and cybersecurity. The program reached 6,196 participants in 2024, including students, parents, and community members all over the country. “With the accelerated digital transformation comes growing online threats, particularly fraud, to which more and more Filipinos fall victim every day. These threats rob online customers of their hard-earned money, impacting their mental and physical health,” said Yoly Crisanto, Chief Sustainability and Corporate Communications Officer at Globe. In November alone, the DTP reached 450 participants in areas like Ilocos Sur, Pampanga, Rizal, and Davao del Norte, offering workshops on recognizing scams, ethical internet use, and AI ethics. These sessions are part of Globe’s broader efforts to promote digital safety and responsibility, particularly among young Filipinos. “Globe believes the antidote is education, that’s why we are bringing DTP to schools across the country. If our young people are aware of what to look out for and how to protect themselves online, they will get to enjoy the benefits of technology safely, spared from becoming another scam statistic,” she added. Globe’s impact extends beyond education, with its active blocking of threats such as spam, scam SMS, and harmful websites. By the third quarter of 2024, Globe had blocked 162.7 million scam texts, 167,408 malicious URLs, and 20,509 scam-linked SIMs, among others. Sources regularly see Lorenz at telco and transport conferences. He graduated from the University of Santo Tomas, and has been covering the beat since 2013. He likes to featurize stories, and tries to find another angle for spot news. He travels during his spare time, and likes his coffee black -- no cream, no sugar.
India’s airport digital revolution – ‘Digi Yatra’ has clocked over 9 million users and 42 million seamless journeys as per latest government figures. Since its launch in 2022, the Digi Yatra platform has expanded its reach to 24 airports nationwide as it plans to go international soon by tying up with IATA. The application also aims to go multilingual to serve India’s diverse population. Interestingly Digi Yatra app is downloaded by on an average of 30,000 users per day, reflecting its growing trust and acceptance among air passengers. Digi Yatra was launched in December 2024 in just three airports – Delhi, Bengaluru and Varanasi. A significant development this year was its collaboration with the International Air Transport Association (IATA) via the 'IATA One-ID X Digi Yatra India' initiative, a strategic step towards enabling seamless international travel, which underscores the platform's ambition to enter international markets. This year, the platform focussed on improving user experience and privacy. Recent app updates enhance the contactless biometric process, and the introduction of the d-KYC campaign emphasizes customer privacy without storing personal data. Speaking about the Digi Yatra plans for 2025, chief executive, Digi Yatra said: “In 2025, we plan to add more airports in early 2025 and plan to support all 22 official Indian languages by March 2025, aiming for greater inclusivity. In June 2025, Digi Yatra plans to launch its pilot project on global scale with e-passport holders.
NEW YORK, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Questex's Sensors Converge , North America's premier electronics event for design engineers, today announces registration is open for its 40 th anniversary event. This milestone 40 th anniversary celebration will take place June 24-26, 2025 at the Santa Clara Convention Center and is expected to be the most dynamic and impactful Sensors Converge to date. Early bird rates are available for a limited time; register here . With the theme, "Accelerating Smart Sensor Innovation: Driving Impact, Powering Change,” Sensors Converge 2025 will unite global leaders across the electronics ecosystem to explore the cutting-edge technologies and trends shaping the future. This milestone event will spotlight the incredible evolution of sensors over four decades while paving the way for what's next. Keynote Spotlight: LG Electronics Sets the Stage for Innovation Sensors Converge 2025 welcomes Seong-Hyok Sean Kim, Ph.D., Senior Research Fellow and Vice President at LG Electronics, as the opening keynote speaker. Dr. Kim will present "Sensing as an AI Service for Smart Space,” exploring how advancements in sensor technology are enabling groundbreaking AI-powered solutions for connected environments. "For 40 years, Sensors Converge has been the heartbeat of the sensors and electronics community,” said David Drain, Show Director, Sensors Converge. "This year, we're raising the bar with an unparalleled lineup of speakers, exhibitors, and programming to celebrate the industry's achievements and drive future innovation.” What to Expect at Sensors Converge 2025 About Sensors Converge Sensors Converge ( www.sensorsconverge.com ), formerly known as Sensors Expo & Conference, got its start 40 years ago bringing together the design engineering community to network, share ideas, and define the future roadmap for the sensors industry. Sensors Converge is part of the Fierce Technology Group, a division of Questex, which also produces the Best of Sensors Awards, Fierce Electronics and Fierce Sensors, as well as daily content and newsletters on Fierce Electronics at www.fierceelectronics.com . About Questex Questex helps people live better and longer. Questex brings people together in the markets that help people live better : hospitality and wellness; the industries that help people live longer : life science and healthcare; and the technologies that enable and fuel these new experiences . We live in the experience economy - connecting our ecosystem through live events, surrounded by data insights and digital communities. We deliver experience and real results. It happens here. Media Contact Charlene Soucy Sensors Converge [email protected]PVH lowers top-end of full-year EPS guidance range after Q3 results top estimatesThe passing of former Prime Minister Manmohan Singh has sparked widespread mourning, with leaders across Maharashtra and India paying tribute to his enduring legacy. Chief Minister Devendra Fadnavis commemorated him as a great scholar, economist, and statesman, noting his pivotal role in India's economic reforms during his decade-long tenure. Deputy Chief Minister Ajit Pawar highlighted Singh's visionary impact on India's economic development, marking it as a turning point for the nation. He expressed his condolences to Singh's family, emphasizing the former prime minister's humility and intelligence. Praful Patel, a leader in the Nationalist Congress Party, remembered Singh as a man of few words but significant actions, whose economic policies reshaped India. As Finance Minister and Prime Minister, Singh left a remarkable legacy of growth and reform that transformed the nation's economic landscape. (With inputs from agencies.)
'Insurance is what makes US health care prices so high' David Goldhill at The Washington Post "Trying to force the square peg of insurance into the round hole of health care needs has created a terribly inefficient business," says David Goldhill. Our health insurance model "was designed to pay for emergencies," but the CDC estimates "90% of America's health care expenditure goes toward chronic and mental health conditions." It is "no longer an unexpected need — an insurable risk," he adds. "It has turned into one of our largest expected needs," and "expected needs aren't insurable." Read more 'Tariffs and tariff increases are with us now and will be for the foreseeable future' Jerry Haar at The Hill Trade policy is "conceived, planned and implemented by economists, lawyers and bureaucrats who are far removed from the real world of commercial transactions," says Jerry Haar. "As such, they are very often oblivious to the impacts of trade policy on producers and consumers." But while "tariff increases are here to stay" and "exporters, importers, producers and consumers will all be negatively affected," there is a "silver lining:" tariff increases "will force companies to assess (and reassess) their efficiency and productivity." Read more 'Now might be the time to retire our worst fears about the technology' Christopher Beha at The New York Times "Proponents claim that artificial intelligence will eliminate acts of mental drudgery," says Christopher Beha, while "detractors worry not just that it will eliminate well-paying knowledge sector jobs and increase inequality but also that it will effectively steal the human soul." But "the obsolescence of human culture will almost certainly not come to pass." The root of this worry is "not an overestimation of technology but a radical underestimation of humanity" and the "transformative power of human genius." Read more 'Selling off some of the government's holdings would ease fiscal stress' Thomas Sowell at The Wall Street Journal "The incoming Trump administration will confront some huge financial challenges," says Thomas Sowell, requiring "huge amounts" of government spending. "Where will the government get this money?" Perhaps from selling off the "vast" amount of government-owned land, valued at $1.8 trillion by the Commerce Department. "The federal government owns a little more than one-fourth of the total land area of the United States," Sowell says. "The time is long overdue to consider whether that is the best economic arrangement." Read more
Elon Musk seemingly admitted to using an Ozempic-like weight loss drug while posing as Santa Claus next to a Christmas tree in his latest holiday post. Musk has been quite vocal in his support for GLP-1 drugs or weight loss drugs like Ozempic, Zepbound, Mounjaro, and Wegovy. In December, Musk, now a prominent figure in US politics, posted on X, saying: "Nothing would do more to improve the health, lifespan, and quality of life for Americans than making [GLP-1 drugs] super low cost to the public. Nothing else is even close." Katy Perry weighs in on how she got her figure after Ozempic rumors Brooks Nader’s sister calls her out over Ozempic use in TikTok roast His views, however, contrast with Robert F. Kennedy Jr., President-elect Donald Trump 's nomination for the Department of Health and Human Services lead. Musk, the CEO of Tesla and Space X, suggested that he takes Mounjaro, a drug that treats type-2 diabetes by lowering a person's blood sugar levels. Ozempic Santa pic.twitter.com/7YECSNpWoz — Elon Musk (@elonmusk) December 26, 2024 As he posed next to a Christmas tree, Musk wrote: "Ozempic Santa." In his replies, he said: "Like Cocaine Bear, but Santa and Ozempic! Technically, Mounjaro, but that doesn't have the same ring to it." Mounjaro was approved by the Food and Drug Administration under the brand name Zepbound in November 2023 to serve as a weight management drug for people who are struggling with obesity. Following his nomination, RFK Jr. criticized how almost 9 million prescriptions are allegedly been written every year prescribing weight loss drugs like Ozempic on Greg Gutfeld's late-night show. "We are spending $1.6k a month on this drug. There is a bill right now before Congress that will make it available to everybody who is overweight... that alone will cost $ 3 trillion a year," he said. RFK Jr. argued that if the US spends "about one-fifth of that" catering to providing "good food" to Americans, the "obesity and diabetes epidemic" can be solved "overnight." Following his public decry in November, RFK Jr., however, changed his views slightly in December, a day after Musk voiced his public support for the drug. When asked about the same in a CNBC interview at the New York Stock Exchange the day Trump was invited to ring the opening bell, RFK Jr. was milder in his rhetoric. "The first line of response should be lifestyle. It should be eating well, making sure you that you don’t get obese, and that those GLP drugs have a place," he said. Trump has been in the hot seat amid Ozempic usage rumors that have not spared celebrities who have recently lost a lot of weight. Musk, one of Trump's strongest allies and the biggest donor to Trump's cause who spent more than a quarter of a billion dollars to help orchestrate Trump's win has been a constant fixture in the President-elect's Mar-a-Lago estate. He is also set to head the Department of Government Efficiency with Vivek Ramaswamy to hold the US government accountable in their spending and budget. Democrats and social media users have criticized Musk's looming presence, suggesting that he is pulling the strings. Trump recently laid rest to those rumors while speaking at the conservative Turning Point USA’s annual AmericaFest conference. "No, he’s not going to be president, that I can tell you," Trump shared with the crowd in Phoenix on Sunday, adding: "And I’m safe. You know why he can’t be? He wasn’t born in this country."OpenAI Preps AI Model With Improved Humanlike Reasoning
Blackbaud Announces Impairment Charge Related to EVERFI AssetsNew Delhi, Dec 26 (PTI) India's sports fraternity on Thursday joined the nation in mourning the demise of two-time former Prime Minister Dr Manmohan Singh, paying homage to his "calm leadership and wisdom" in stirring condolence messages. Singh, 92, died at the All India Institute of Medical Sciences (AIIMS) here after losing consciousness at his home owing to age-related ailments. "Sad news of the passing of Dr. Manmohan Singh Ji. A visionary leader and a true statesman who worked tirelessly for India's progress. His wisdom and humility will always be remembered. My heartfelt condolences to his loved ones," World Cup-winning former cricketer Yuvraj Singh posted on X. Similar sentiments were expressed by his former teammate and Aam Aadmi Party's Rajya Sabha member Harbhajan Singh, who described Singh as a thorough gentleman and visionary leader. "What truly set him apart was his calm and steady leadership in times of crisis, his ability to navigate complex political landscapes, and his unwavering belief in India's potential," he wrote. It was during Singh's second tenure that India hosted the 2010 Commonwealth Games in the national capital. It was the first international multi-sport extravaganza to be held in the country after the 1982 Asian Games, also hosted by Delhi. Former wrestler Vinesh Phogat, who is now a Congress MLA in Haryana, called Singh a man of "extraordinary wisdom, simplicity and vision." "Dr. Manmohan Singh was not just a Prime Minister, but he was a thinker, economist and a true patriot. His calm leadership style and economic vision gave the country a new direction, from the 1991 economic reforms to establishing India's reputation on the global stage. "There was depth in his humility and wisdom in his every word. His services and contributions to the country will always be remembered. You will always live in our hearts, Sir," she wrote in her emotional tribute on social media. Former cricketers Virender Sehwag and VVS Laxman and ex-women's hockey team captain Rani Rampal were also among those who expressed their sadness at his death. Before serving as Prime Minister from 2004 to 2014, Singh was finance minister in the P V Narasimha Rao-led government and was the brain behind the economic reforms of 1991 that marked the beginning of liberalisation in the country. Widely respected for his intellect and grace in public life, Singh had retired from active politics in April this year after over a three-decade run as a Rajya Saha MP. (This story has not been edited by THE WEEK and is auto-generated from PTI)
NEW YORK, Dec. 22, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of Enphase Energy, Inc. ENPH between April 25, 2023 and October 22, 2024, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 11, 2025 . SO WHAT: If you purchased Enphase common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Enphase Energy class action, go to https://rosenlegal.com/submit-form/?case_id=25593 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 11, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements, as well as failed to disclose material adverse facts, about Enphase's business and operations. Specifically, defendants systematically overstated Enphase's ability to maintain its pricing levels and market share for microinverter products in Europe in the face of competition from low-cost, Chinese alternatives. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Enphase class action, go to https://rosenlegal.com/submit-form/?case_id=25593 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. ------------------------------- Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.NFL Week 17 Expert Picks: Chargers vs. Patriots | Sporting News
Bitcoin hit a record high above $100,000 on Thursday as the election of Republican Donald Trump as U.S. president fuels expectations that his administration will usher in a friendly regulatory environment for cryptocurrencies. The world's largest cryptocurrency was last up 3% at $101,000. Since Trump's win on November 5, the price has surged around 45%, driven by a swathe of buying that has poured capital into U.S. bitcoin-backed exchange-traded funds. Comments: Justin D' Anethan, independent crypto analyst, Hong Kong: Web Development Advanced C++ Mastery: OOPs and Template Techniques By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Learn InVideo AI: Create Videos from Text Easily By - Prince Patni, Software Developer (BI, Data Science) View Program Office Productivity Excel Essentials to Expert: Your Complete Guide By - Study At Home, Quality Education Anytime, Anywhere View Program Web Development A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Strategy Succession Planning Masterclass By - Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd. 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The figure not that long ago dismissed as fantasy, stands as a reality. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories "Institutional adoption is evident, as seen by the increased volume on the CME, ETFs (exchange traded funds), and derivatives markets during U.S. hours. Essentially, funds now need to either get involved or risk standing on the sidelines while more gutsy competitors potentially outperform." Bobby Ong, cofounder, Coingecko, Kuala Lumpur: "Bitcoin reaching the $100,000 milestone marks a significant moment for the cryptocurrency market , reflecting its growing maturity and mainstream adoption. "The psychological importance of $100,000 is also attracting new investors and driving market sentiment. This rally demonstrates Bitcoin's position as a leading financial innovation, solidifying its reputation as a digital store of value and a hedge against traditional economic uncertainties. "It also underscores the growing acceptance of cryptocurrencies as a legitimate asset class." Shane Oliver, chief economist and head of investment strategy, AMP, Sydney: "As time goes by it's proving itself as part of the financial landscape, slotting in more as a store of value as opposed to a regular asset you can value on the basis of things it produces, like shares. Ray Attrill, head of Fx Research "It's the ultimate speculative asset, isn't it. "I wasn't surprised ... it was probably the cleanest 'Trump trade'. Just from a regulatory point of view and the concept of a much more easily traded asset, it's justified its run up, though it's now taken on a life of its own. "The test will be if we do have a big puke in risk sentiment at some point, and we start to see a major stock market correction. Where does crypto sit in that? I don't know the answer." RICHARD TENG, CHIEF EXECUTIVE OFFICER, BINANCE, DUBAI: "Almost 16 years since its first block was mined in 2009, bitcoin has reached the landmark milestone of $100K per coin, placing the asset at a total market capitalisation of $2.1 trillion. "This also places bitcoin firmly on the very short list of just seven assets or companies that have achieved more than 2 trillion dollars in market capitalisation, the rest being gold and tech giants NVIDIA, Apple, Microsoft, Alphabet (Google), and Amazon. "With talks of a U.S. Strategic Bitcoin reserve and more companies adding bitcoin to their corporate treasuries, we are on the precipice of true mainstream global adoption." Jean-Baptiste Graftieaux , CEO, Bitstamp, Luxembourg: "Bitcoin reaching $100,000 is a watershed moment, highlighting its resilience after a challenging few years. Despite shifts in the political and regulatory landscape, bitcoin has proven its staying power. "This milestone reflects the growing maturity of the crypto market, as traditional financial institutions and retail customers increasingly embrace digital assets. Looking ahead, we anticipate broader integration of crypto into retail, professional and institutional holdings and pensions, coupled with a more diverse range of trading services and instruments, mirroring the evolution of traditional finance."STEPHEN MOORE: 10 Ideas To Make America’s Economy Great Again In 2025
DENVER, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Medicine Man Technologies, Inc., operating as Schwazze, (OTC: SHWZ) (Cboe CA: SHWZ) ("Schwazze" or the "Company"), is providing an update on its previously announced delayed filings. On November 29, 2024, the Audit Committee of the Company determined, following discussions with Baker Tilly and the Company's management, that the Company's previously issued audited consolidated financial statements for the two fiscal years ended December 31, 2023, audited by BF Borgers, and the Company's unaudited condensed consolidated financial statements and the notes thereto as of and for the fiscal periods ended March 31, 2023, June 30, 2023, and September 30, 2023 included in the Company's Quarterly Reports on Form 10-Q for the fiscal periods ended March 31, 2023, June 30, 2023, and September 30, 2023 that were filed with the SEC (collectively the "Subject Periods”) will be restated due to the identification of certain accounting adjustments needed primarily relating to technical accounting areas. The Company has concluded that the impact of these corrections is material and as a result, the Subject Periods should no longer be relied upon. Similarly, any previously issued or filed reports, press releases, earnings releases, investor presentations or other communications of the Company describing the Company's financial results or other financial information should no longer be relied upon to the extent that they are related to the Subject Periods. Schwazze does not currently believe that the foregoing corrections will have any negative material impact on the Company's revenue, adjusted EBITDA, cash from operations or cash position. Additional details on the impact of these adjustments can be found in the Company's related Form 8-K filed earlier today. About Schwazze Schwazze (OTC: SHWZ) (Cboe CA: SHWZ) is building a premier vertically integrated regional cannabis company with assets in Colorado and New Mexico and will continue to explore taking its operating system to other states where it can develop a differentiated regional leadership position. Schwazze is the parent company of a portfolio of leading cannabis businesses and brands spanning seed to sale. Schwazze is anchored by a high-performance culture that combines customer-centric thinking and data science to test, measure, and drive decisions and outcomes. The Company's leadership team has deep expertise in retailing, wholesaling, and building consumer brands at Fortune 500 companies as well as in the cannabis sector. Medicine Man Technologies, Inc. was Schwazze's former operating trade name. The corporate entity continues to be named Medicine Man Technologies, Inc. Schwazze derives its name from the pruning technique of a cannabis plant to enhance plant structure and promote healthy growth. To learn more about Schwazze, visit https://schwazze.com/ . Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include financial outlooks; statements regarding the expected impact of the restatements and change in accounting treatment, including on the Company's overall business operations, previously reported cash and cash equivalent balances, and strategic outlook; statements regarding the Company's internal controls over financial reporting and ongoing internal reviews and assessments; any projections of net sales, earnings, or other financial items; any statements of the strategies, plans and objectives of our management team for future operations; expectations in connection with the Company's previously announced business plans; any statements regarding future economic conditions or performance; and statements regarding the intent, belief or current expectations of our management team. Such statements may be preceded by the words "may," "will," "could," "would," "should," "expect," "intends," "plans," "strategy," "prospects," "anticipate," "believe," "approximately," "estimate," "predict," "project," "potential," "continue," "ongoing," or the negative of these terms or other words of similar meaning in connection with a discussion of future events or future operating or financial performance, although the absence of these words does not necessarily mean that a statement is not forward-looking. We have based our forward-looking statements on management's current expectations and assumptions about future events and trends affecting our business and industry. Although we do not make forward-looking statements unless we believe we have a reasonable basis for doing so, we cannot guarantee their accuracy. Therefore, forward-looking statements are not guarantees of future events or performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control and cannot be predicted or quantified. Consequently, actual events and results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, that the Company has underestimated the scope and impact of the restatements, risks and uncertainties around the effectiveness of the Company's disclosure controls and procedures and the effectiveness of the Company's internal control over financial reporting, the risk that the Company's restated financial statements may take longer to complete than expected, as well as those risks and uncertainties risks and uncertainties associated with (i) regulatory limitations on our products and services and the uncertainty in the application of federal, state, and local laws to our business, and any changes in such laws; (ii) our ability to manufacture our products and product candidates on a commercial scale on our own or in collaboration with third parties; (iii) our ability to identify, consummate, and integrate anticipated acquisitions; (iv) general industry and economic conditions; (v) our ability to access adequate capital upon terms and conditions that are acceptable to us; (vi) our ability to pay interest and principal on outstanding debt when due; (vii) volatility in credit and market conditions; (viii) the loss of one or more key executives or other key employees; and (ix) other risks and uncertainties related to the cannabis market and our business strategy. Any such risks and uncertainties could materially and adversely affect the Company's results of operations, its profitability and its cash flows, which would, in turn, have a significant and adverse impact on the Company's stock price. The Company cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission (SEC), including the Company's Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's website at http://www.sec.gov . The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise except as required by law. As noted above, investors are cautioned that the Subject Periods, and related investor communications, should no longer be relied upon; such communications include earnings releases, press releases, shareholder communications, investor presentations and other communications describing relevant portions of the Subject Periods. Investor Relations Contact Sean Mansouri, CFA or Aaron D'Souza Elevate IR (720) 330-2829 [email protected]