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Drone sightings lead to shutdown at air baseIn a significant development, Bank of America's co-head of investment banking in India, along with two other bankers, has departed from the company. This follows an internal investigation into allegations of misconduct, as per a report from the Financial Times. The probe, initiated earlier this year, is examining whether Bank of America and its Asian investment banking division shared confidential information with select investors before the announcement of secondary stock offerings. The company has not provided any comments in response to inquiries from Reuters. (With inputs from agencies.)
London, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Pixalate, the market-leading ad fraud protection, privacy, and compliance analytics platform, today released the Q3 2024 United Kingdom Seller Trust Index for Web, Mobile, and Connected TV (CTV) to rank programmatic ad sellers across desktop and mobile web , mobile apps , and CTV . The first-of-its-kind rankings, using SupplyChain Object (SCO) data, offer a comprehensive view of programmatic ad sellers based on quality across the advertising supply chain, as measured by Pixalate. Pixalate’s Seller Trust Indexes feature country-level seller ratings in 140+ countries for 580+ sellers. The rankings are based on an analysis of over 50 billion monthly programmatic advertising impressions from Q3 2024. Top Programmatic Web Ad Sellers in the United Kingdom (Q3 2024) See more in the Web Seller Trust Index . Top Programmatic Mobile Ad Sellers in the United Kingdom (Q3 2024) See more in the Mobile Seller Trust Index . Top Programmatic CTV Ad Sellers in the United Kingdom (Q3 2024) Amazon Fire TV Samsung Smart TV See more in the CTV Seller Trust Index . Pixalate’s Seller Trust Indexes provide a full view of the ad supply chain ecosystem. In doing so, the Indexes aim to foster economic fairness, encourage competition, and highlight the full range of sellers available to buyers, including each sellers’ relative strengths and weaknesses in each country. Explore all of Pixalate’s Seller Trust Indexes: Web Seller Trust Index Mobile Seller Trust Index CTV Seller Trust Index About Pixalate Pixalate is a global platform specializing in privacy compliance, ad fraud prevention, and digital ad supply chain data intelligence. Founded in 2012, Pixalate is trusted by regulators, data researchers, advertisers, publishers, ad tech platforms, and financial analysts across the Connected TV (CTV), mobile app, and website ecosystems. Pixalate is accredited by the MRC for the detection and filtration of Sophisticated Invalid Traffic (SIVT). pixalate.com Disclaimer The content of this press release, and the Seller Trust Indexes (collectively, the "Indexes"), reflect Pixalate's opinions with respect to factors that Pixalate believes may be useful to the digital media industry. As cited in the Indexes, the ratings and rankings in the Indexes are based on a number of metrics and Pixalate's opinions regarding the relative performance of each seller with respect to the metrics. The data is derived from buy-side, predominantly open auction, programmatic advertising transactions, as measured by Pixalate. The Indexes examine global advertising activity. Any insights shared are grounded in Pixalate's proprietary technology and analytics, which Pixalate is continuously evaluating and updating. Any references to outside sources in the Indexes and herein should not be construed as endorsements. Pixalate's opinions are just that, opinions, which means that they are neither facts nor guarantees; and neither this press release nor the Indexes are intended to impugn the standing or reputation of any person, entity or app. Per the MRC , “'Fraud' is not intended to represent fraud as defined in various laws, statutes and ordinances or as conventionally used in U.S. Court or other legal proceedings, but rather a custom definition strictly for advertising measurement purposes. Also per the MRC , “‘Invalid Traffic’ is defined generally as traffic that does not meet certain ad serving quality or completeness criteria, or otherwise does not represent legitimate ad traffic that should be included in measurement counts. Among the reasons why ad traffic may be deemed invalid is it is a result of non-human traffic (spiders, bots, etc.), or activity designed to produce fraudulent traffic.”Mystery drone sightings continue in New Jersey and across the US. Here's what we knowFORT WORTH, Texas — David Seymour’s job over the next couple of weeks is to make sure that American Airlines flights take off on time and fly safely during one of the busiest travel periods of the year. Seymour is American’s chief operating officer, which means he oversees flight and airport operations for a carrier that figures to make about 6,500 flights a day between now and New Year’s Day. A West Point graduate and former U.S. Army infantry officer, Seymour joined America West Airlines in 1999. America West became US Airways, then merged with American in 2013. Seymour has held a variety of operations-related jobs and was promoted to his current post in 2020. Seymour spoke with The Associated Press recently about managing huge passenger numbers during the holidays and preventing people from getting on a plane before their boarding group is called. The answers have been edited for length and clarity. How are you going to make sure American flights run on time during the holidays? There are many thousands of people running the airline every day. My job, honestly, over this period isn’t so much about managing the chaos, it’s managing really all the challenges, and we’ll call it the headwinds that come our way. And I would say the vast majority of those are the uncontrollable. Such as? What’s going on the (air-traffic control) system around us. If there weren’t weather that we have to deal with and other complications that sometimes arise, running an airline would be pretty easy. How will you recover from disruptions? Before the pandemic, we would have a big storm in the DFW (Dallas-Fort Worth) area or the Charlotte (North Carolina) area, and it would take us a couple of days (to recover). We set about coming through the pandemic and coming out that we are going to recover better than any carrier out there. And how will you do that? By anticipating the weather. My team looks out constantly at what the weather is, looking at multiple weather forecasts to understand what’s coming, what could it do, and how are we prepared for that. How much do you learn from big cancellation events? And how much do you learn from meltdowns at other airlines? The team here, they do an after-action review. We will look at it and say, ‘What could we have done better?’ And we archive that information. Now, to your other question about competitors. I’m not inside the other competitors’ operations centers and looking at how they do that. Their networks are set up differently than ours. We do ask ourselves, ‘OK, if something similar were to happen to us, what would we do?’ With Christmas travel, what what are the big things you’re looking for? Is it weather? Air-traffic control problems? Weather is always a tough thing to predict. That’s really going to be one of the largest things because it has the potential for having the most impact. Controller-wise, we stay in touch with (the Federal Aviation Administration). We have a team out here that is in constant communication with the FAA, looking at what’s happening in the system, and we’re building contingency plans if they think there are going to be some challenges. You need to deice planes. The only difference between summer and now is we have to deal with winter weather in some locations. So, deicing. But we’re ready for that. The technology we have right now with the deicing vehicles ... we’ve been able to reduce our throughput time on deicing by half and still meeting all the requirements that we need to in terms of adequately deicing the aircraft, but having one person do it. Are the delays in deliveries of new planes from Boeing affecting your holiday season planning? No. Boeing needs to be successful, they need to be able to deliver quality aircraft, but we haven’t built our schedule for the holiday period that is dependent on getting any deliveries. We have enough buffer built in. American recently expanded the rollout of technology to catch people who try to board the plane before their boarding group is called. What went into that decision? Our frequent and premium travelers look at (the technology to catch line-jumpers) as a benefit of being loyal to American Airlines. It’s a huge plus for our gate agents because they do like order. Were people boarding out of order slowing down the boarding process? No. We just want a steady stream (of passengers) going in. The ability to get overhead bin space ... has gotten a lot better with some of the upgrades that we’ve done with larger overhead bins on the vast majority of our aircraft. We’re going to finish up the rest of the fleet in the next couple years with the large overhead bins. So that won’t be the issue, but that used to be a bit of that driver there. Get local news delivered to your inbox!
The Manitoba Institute of Trades and Technology (MITT) has announced the launch of two new programs in health care and cybersecurity designed to meet growing local demand. The Medical Assistant and Patient Care diploma program and the Cybersecurity Analyst advanced diploma program are designed to meet the needs of the industry while giving students the skills and knowledge required to excel in these rewarding careers. Applications are now open for these programs beginning in Fall of 2025. “At MITT we are in constant discussion with our industry partners to keep a pulse on the workforce needs within our province. This ensures that we provide our learners with high-quality training that will lead them to in-demand jobs,” said Bev Stuart, Vice-President, Business Development and Community Initiatives. “These two new programs will do exactly that by giving students the skills to be ready to take on a variety of roles in the cybersecurity and health care fields.” The two-year Medical Assistant and Patient Care diploma program is designed according to Manitoba’s growing need for skilled support staff, giving students the opportunity to quickly enter the field after graduation. The program is accredited by the Canadian Health Information Management Association (CHIMA). Graduates can utilize their degree while working in different settings such as hospitals, clinics, and long-term care facilities. “There’s a high demand for medical assistants and health care aides in Manitoba right now. Professionals in these positions are vital to ensuring the delivery of quality care to people living in Manitoba,” said Stuart. “With the ongoing challenges in health care, including an aging population and increasing patient volumes, equipping graduates with the tools to work in multiple health care settings is extremely valuable for the entire system.” The two-and-a-half-year Cybersecurity Analyst advanced diploma program responds to the ever-growing need for professionals to protect organizations from cyber threats. Well-paying job opportunities in this field are adapted to Manitoba’s evolving digital landscape, giving students opportunity to have an impact on local businesses as they continue to learn and innovate. “As someone who works with these threats every day, it’s obvious how important a program like this is,” said Gustavo Valle, an MITT Cyber Defense and Cloud Administration graduate and the Director of Information Security at Exchange Technology Services. “Companies are increasingly relying on technology and becoming more vulnerable to cyber threats. Developing cybersecurity expertise strengthens digital resilience within our province and fosters innovation and trust, ensuring Manitoba businesses remain competitive in the digital age.” Scholarships and bursaries are available for students considering MITT, including specific awards for women and Indigenous students. “We understand that pursuing higher education is a big decision, and we’re committed to making it as accessible as possible,” said Jana Thorsteinson, Vice-President, External and Corporate Affairs. “Our scholarships and bursaries are here to help students focus on learning and building their future without the stress of financial constraints.” Students interested in these career paths can apply at apply. mitt .ca or contact MITT ’s recruitment specialists at recruitment@ mitt .ca . For more information about these programs visit MITT.ca/CySA and MITT.ca/MAPC . The MITT holds the advantage of smaller campuses and class sizes, industry-expert instructors, and quality training. For this reason, limited seats are available and interested individuals are motivated to apply quickly. Have thoughts on what’s going on in Winnipeg, Manitoba, Canada or across the world? Send us a letter to the editor at wpgsun.letters@kleinmedia.ca
SAN FRANCISCO--(BUSINESS WIRE)--Dec 9, 2024-- Planet Labs PBC (NYSE: PL) (“Planet” or the “Company”), a leading provider of daily data and insights about Earth, today announced financial results for the period ended October 31, 2024. "We are pleased with the multiple large contracts secured with government customers globally this quarter, which we expect to ramp up into the year ahead. The third quarter represented Planet’s largest ever quarter of ACV bookings, helping lay the foundation for future growth," said Will Marshall, Planet’s Co-Founder, Chief Executive Officer and Chairperson. "We continue to see strong demand for our data, particularly where enhanced with AI-enabled solutions. We also saw first light from our Tanager satellite, released the first set of over 300 CO2 and methane detections, and are progressing towards commercializing its hyperspectral data. The success of this program has led us to actively pursue other opportunities that similarly advance our technology roadmap while enhancing our financial position. Ultimately, we believe Planet is well positioned for growth going forward." Ashley Johnson, Planet’s President and Chief Financial Officer, added, “We saw significant improvement in the fundamentals of the business during the quarter, as evident in the year-over-year and sequential improvement in margins, as well as the continued progress on our path to profitability. I’m pleased to confirm that we’re on track to achieve our target of Adjusted EBITDA profitability next quarter. Meanwhile, we’re reducing our cash burn and our balance sheet remains strong with approximately $242 million of cash, cash equivalents, and short-term investments as of the end of the quarter, and we continue to have no debt.” Third Quarter of Fiscal 2025 Financial and Key Metric Highlights: Recent Business Highlights: Growing Customer and Partner Relationships New Technologies and Products Impact and ESG Fourth Quarter Financial Outlook For the fourth quarter of fiscal year 2025, ending January 31, 2025, Planet expects revenue to be in the range of approximately $61 million to $63 million. Non-GAAP Gross Margin is expected to be in the range of approximately 63% to 65%. Adjusted EBITDA is expected to be in the range of approximately $0 to $2 million for the quarter. Capital Expenditures are expected to be in the range of approximately $8 million and $11 million for the quarter. Planet has not reconciled its Non-GAAP financial outlook to the most directly comparable GAAP measures because certain reconciling items, such as stock-based compensation expenses and depreciation and amortization are uncertain or out of Planet’s control and cannot be reasonably predicted. The actual amount of these expenses during the fourth quarter of fiscal year 2025 will have a significant impact on Planet’s future GAAP financial results. Accordingly, a reconciliation of Planet’s Non-GAAP outlook to the most comparable GAAP measures is not available without unreasonable efforts. The foregoing forward-looking statements reflect Planet’s expectations as of today’s date. Given the number of risk factors, uncertainties and assumptions discussed below, actual results may differ materially. Webcast and Conference Call Information Planet will host a conference call at 5:00 p.m. ET / 2:00 p.m. PT today, December 9, 2024. The webcast can be accessed at www.planet.com/investors/ . A replay will be available approximately 2 hours following the event. If you would prefer to register for the conference call, please go to the following link: https://www.netroadshow.com/events/login?show=00196caf&confId=74075 . You will then receive your access details via email. Additionally, a supplemental presentation has been provided on Planet’s investor relations page. About Planet Labs PBC Planet is a leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest Earth observation fleet of imaging satellites. Planet provides mission-critical data, advanced insights, and software solutions to over 1,000 customers, comprising the world’s leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. Planet is a public benefit corporation listed on the New York Stock Exchange as PL. To learn more visit www.planet.com and follow us on X (formerly Twitter) or tune in to HBO’s ‘Wild Wild Space’. Channels for Disclosure of Information Planet intends to announce material information to the public through a variety of means, including filings with the Securities and Exchange Commission, press releases, public conference calls, webcasts, the investor relations section of its website (investors.planet.com) and its blog (planet.com/pulse) in order to achieve broad, non-exclusionary distribution of information to the public and for complying with its disclosure obligations under Regulation FD. It is possible that the information Planet posts on its blog could be deemed to be material information. As such, Planet encourages investors, the media, and others to follow the channels listed above and to review the information disclosed through such channels. Planet’s Use of Non-GAAP Financial Measures This press release includes Non-GAAP Gross Profit, Non-GAAP Gross Margin, certain Non-GAAP Expenses described further below, Non-GAAP Loss from Operations, Non-GAAP Net Loss, Non-GAAP Net Loss per Diluted Share, Adjusted EBITDA and Backlog, which are non-GAAP measures the Company uses to supplement its results presented in accordance with U.S. GAAP. The Company includes these non-GAAP financial measures because they are used by management to evaluate the Company’s core operating performance and trends and to make strategic decisions regarding the allocation of capital and new investments. Non-GAAP Gross Profit and Non-GAAP Gross Margin: The Company defines and calculates Non-GAAP Gross Profit as gross profit adjusted for stock-based compensation, amortization of acquired intangible assets classified as cost of revenue, restructuring costs, and employee transaction bonuses in connection with the Sinergise business combination. The Company defines Non-GAAP Gross Margin as Non-GAAP Gross Profit divided by revenue. Non-GAAP Expenses: The Company defines and calculates Non-GAAP cost of revenue, Non-GAAP research and development expenses, Non-GAAP sales and marketing expenses, and Non-GAAP general and administrative expenses as, in each case, the corresponding U.S. GAAP financial measure (cost of revenue, research and development expenses, sales and marketing expenses, and general and administrative expenses) adjusted for stock-based compensation, amortization of acquired intangible assets, restructuring costs, certain litigation expenses, and employee transaction bonuses in connection with the Sinergise business combination, that are classified within each of the corresponding U.S. GAAP financial measures. Non-GAAP Loss from Operations: The Company defines and calculates Non-GAAP Loss from Operations as loss from operations adjusted for stock-based compensation, amortization of acquired intangible assets, restructuring costs, certain litigation expenses, and employee transaction bonuses in connection with the Sinergise business combination. Non-GAAP Net Loss and Non-GAAP Net Loss per Diluted Share: The Company defines and calculates Non-GAAP Net Loss as net loss adjusted for stock-based compensation, amortization of acquired intangible assets, restructuring costs, certain litigation expenses, and employee transaction bonuses in connection with the Sinergise business combination, and the income tax effects of the non-GAAP adjustments. The Company defines and calculates Non-GAAP Net Loss per Diluted Share as Non-GAAP Net Loss divided by diluted weighted-average common shares outstanding. Adjusted EBITDA: The Company defines and calculates Adjusted EBITDA as net income (loss) before the impact of interest income and expense, income tax expense and depreciation and amortization, and further adjusted for the following items: stock-based compensation, change in fair value of warrant liabilities, non-operating income and expenses such as foreign currency exchange gain or loss, restructuring costs, certain litigation expenses, and employee transaction bonuses in connection with the Sinergise business combination. The Company presents Non-GAAP Gross Profit, Non-GAAP Gross Margin, certain Non-GAAP Expenses described above, Non-GAAP Loss from Operations, Non-GAAP Net Loss, Non-GAAP Net Loss per Diluted Share and Adjusted EBITDA because the Company believes these measures are frequently used by analysts, investors and other interested parties to evaluate companies in Planet’s industry and facilitates comparisons on a consistent basis across reporting periods. Further, the Company believes these measures are helpful in highlighting trends in its operating results because they exclude items that are not indicative of the Company’s core operating performance. Backlog: The Company defines and calculates Backlog as remaining performance obligations plus the cancellable portion of the contract value for contracts that provide the customer with a right to terminate for convenience without incurring a substantive termination penalty and written orders where funding has not been appropriated. Backlog does not include unexercised contract options. Remaining performance obligations represent the amount of contracted future revenue that has not yet been recognized, which includes both deferred revenue and non-cancelable contracted revenue that will be invoiced and recognized in revenue in future periods. Remaining performance obligations do not include contracts which provide the customer with a right to terminate for convenience without incurring a substantive termination penalty, written orders where funding has not been appropriated and unexercised contract options. An increasing and meaningful portion of the Company’s revenue is generated from contracts with the U.S. government and other government customers. Cancellation provisions, such as termination for convenience clauses, are common in contracts with the U.S. government and certain other government customers. The Company presents Backlog because the portion of its customer contracts with such cancellation provisions represents a meaningful amount of the Company’s expected future revenues. Management uses backlog to more effectively forecast the Company’s future business and results, which supports decisions around capital allocation. It also helps the Company identify future growth or operating trends that may not otherwise be apparent. The Company also believes Backlog is useful for investors in forecasting the Company’s future results and understanding the growth of its business. Customer cancellation provisions relating to termination for convenience clauses and funding appropriation requirements are outside of the Company’s control, and as a result, the Company may fail to realize the full value of such contracts. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation from, as a substitute for, or superior to, measures of financial performance prepared in accordance with U.S. GAAP. The non-GAAP financial measures presented are not based on any standardized methodology prescribed by U.S. GAAP and are not necessarily comparable to similarly-titled measures presented by other companies, which may have different definitions from the Company’s. Further, certain of the non-GAAP financial measures presented exclude stock-based compensation expenses, which has recently been, and will continue to be for the foreseeable future, a significant recurring expense for the Company and an important part of its compensation strategy. Other Key Metrics ACV and EoP ACV Book of Business: In connection with the calculation of several of the key operational and business metrics we utilize, the Company calculates Annual Contract Value (“ACV”) for contracts of one year or greater as the total amount of value that a customer has contracted to pay for the most recent 12 month period for the contract, excluding customers that are exclusively Sentinel Hub self-service paying users. For short-term contracts (contracts less than 12 months), ACV is equal to total contract value. The Company also calculates EoP ACV Book of Business in connection with the calculation of several of the key operational and business metrics we utilize. The Company defines EoP ACV Book of Business as the sum of the ACV of all contracts that are active on the last day of the period pursuant to the effective dates and end dates of such contracts, excluding customers that are exclusively Sentinel Hub self-service paying users. Active contracts exclude any contract that has been canceled, expired prior to the last day of the period without renewing, or for any other reason is not expected to generate revenue in the subsequent period. For contracts ending on the last day of the period, the ACV is either updated to reflect the ACV of the renewed contract or, if the contract has not yet renewed or extended, the ACV is excluded from the EoP ACV Book of Business. The Company does not annualize short-term contracts in calculating its EoP ACV Book of Business. The Company calculates the ACV of usage-based contracts based on the committed contracted revenue or the revenue achieved on the usage-based contract in the prior 12-month period. Percent of Recurring ACV: Percent of Recurring ACV is the portion of the total EoP ACV Book of Business that is recurring in nature. The Company defines EoP ACV Book of Business as the sum of the ACV of all contracts that are active on the last day of the period pursuant to the effective dates and end dates of such contracts, excluding customers that are exclusively Sentinel Hub self-service paying users. The Company defines Percent of Recurring ACV as the dollar value of all data subscription contracts and the committed portion of usage-based contracts (excluding customers that are exclusively Sentinel Hub self-service paying users) divided by the total dollar value of all contracts in our EoP ACV Book of Business. The Company believes Percent of Recurring ACV is useful to investors to better understand how much of the Company’s revenue is from customers that have the potential to renew their contracts over multiple years rather than being one-time in nature. The Company tracks Percent of Recurring ACV to inform estimates for the future revenue growth potential of our business and improve the predictability of our financial results. There are no significant estimates underlying management’s calculation of Percent of Recurring ACV, but management applies judgment as to which customers have an active contract at a period end for the purpose of determining EoP ACV Book of Business, which is used as part of the calculation of Percent of Recurring ACV. EoP Customer Count: The Company defines EoP Customer Count as the total count of all existing customers at the end of the period excluding customers that are exclusively Sentinel Hub self-service paying users. For EoP Customer Count, the Company defines existing customers as customers with an active contract with the Company at the end of the reported period. For the purpose of this metric, the Company defines a customer as a distinct entity that uses the Company’s data or services. The Company sells directly to customers, as well as indirectly through its partner network. If a partner does not provide the end customer’s name, then the partner is reported as the customer. Each customer, regardless of the number of active opportunities with the Company, is counted only once. For example, if a customer utilizes multiple products of Planet, the Company only counts that customer once for purposes of EoP Customer Count. A customer with multiple divisions, segments, or subsidiaries are also counted as a single unique customer based on the parent organization or parent account. For EoP Customer Count, the Company does not include users that only utilize the Company’s self-service Sentinel Hub web based ordering system, which the Company acquired in August 2023, and which offers standard starter packages on a monthly or annual basis. The Company believes excluding these users from EoP Customer Count creates a more useful metric, as the Company views the Sentinel Hub starter packages as entry points for smaller accounts, leading to broader awareness of the Company’s solutions throughout their networks and organizations. The Company believes EoP Customer Count is a useful metric for investors and management to track as it is an important indicator of the broader adoption of the Company’s platform and is a measure of the Company’s success in growing its market presence and penetration. Management applies judgment as to which customers are deemed to have an active contract in a period, as well as whether a customer is a distinct entity that uses the Company’s data or services. Capital Expenditures as a Percentage of Revenue: The Company defines capital expenditures as purchases of property and equipment plus capitalized internally developed software development costs, which are included in our statements of cash flows from investing activities. The Company defines Capital Expenditures as a Percentage of Revenue as the total amount of capital expenditures divided by total revenue in the reported period. Capital Expenditures as a Percentage of Revenue is a performance measure that we use to evaluate the appropriate level of capital expenditures needed to support demand for the Company’s data services and related revenue, and to provide a comparable view of the Company’s performance relative to other earth observation companies, which may invest significantly greater amounts in their satellites to deliver their data to customers. The Company uses an agile space systems strategy, which means we invest in a larger number of significantly lower cost satellites and software infrastructure to automate the management of the satellites and to deliver the Company’s data to clients. As a result of the Company’s strategy and business model, the Company’s capital expenditures may be more similar to software companies with large data center infrastructure costs. Therefore, the Company believes it is important to look at the level of capital expenditure investments relative to revenue when evaluating the Company’s performance relative to other earth observation companies or to other software and data companies with significant data center infrastructure investment requirements. The Company believes Capital Expenditures as a Percentage of Revenue is a useful metric for investors because it provides visibility to the level of capital expenditures required to operate the Company and the Company’s relative capital efficiency. Forward-looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Planet’s future financial or operating performance. In some cases, you can identify forward looking statements because they contain words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “target,” “anticipate,” “intend,” “develop,” “evolve,” “plan,” “seek,” “may,” “will,” “could,” “can,” “should,” “would,” “believes,” “predicts,” “potential,” “strategy,” “opportunity,” “aim,” “conviction,” “continue,” “positioned” or the negative of these words or other similar terms or expressions that concern Planet’s expectations, strategy, priorities, plans or intentions. Forward-looking statements in this release include, but are not limited to, statements regarding Planet’s financial guidance and outlook, Planet’s path to profitability (including on an Adjusted EBITDA basis) and target for achieving Adjusted EBITDA profitability, Planet’s growth opportunities, Planet’s expectations regarding future product development and performance, and Planet’s expectations regarding its strategies with respect to its markets and customers, including trends in customer demand. Planet’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks related to the macroeconomic environment and risks regarding Planet’s ability to forecast Planet’s performance due to Planet’s limited operating history. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in Planet’s filings with the Securities and Exchange Commission (“SEC”), including Planet’s Annual Report on Form 10-K for the fiscal year ended January 31, 2024, Quarterly Report on Form 10-Q for the fiscal quarter ended October 31, 2024, and any subsequent filings with the SEC Planet may make. All forward-looking statements reflect Planet’s beliefs and assumptions only as of the date of this press release. Planet undertakes no obligation to update forward-looking statements to reflect future events or circumstances, except as may be required by law. Planet’s results for the quarter ended October 31, 2024, are not necessarily indicative of its operating results for any future periods. For remaining performance obligations as of October 31, 2024, the Company expects to recognize approximately 82% over the next 12 months, approximately 98% over the next 24 months, and the remainder thereafter. For Backlog as of October 31, 2024, the Company expects to recognize approximately 70% over the next 12 months, approximately 91% over the next 24 months, and the remainder thereafter. View source version on businesswire.com : https://www.businesswire.com/news/home/20241209391021/en/ CONTACT: Investor Contact Chris Genualdi / Cleo Palmer-Poroner Planet Labs PBC ir@planet.comPress Contact Claire Bentley Dale Planet Labs PBC comms@planet.com KEYWORD: CALIFORNIA BRAZIL UNITED STATES SOUTH AMERICA NORTH AMERICA LATIN AMERICA EUROPE GERMANY INDUSTRY KEYWORD: SOFTWARE MOBILE/WIRELESS NETWORKS OTHER DEFENSE PROFESSIONAL SERVICES HARDWARE DATA MANAGEMENT TECHNOLOGY DEFENSE SATELLITE OTHER TECHNOLOGY ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) SOURCE: Planet Copyright Business Wire 2024. PUB: 12/09/2024 04:08 PM/DISC: 12/09/2024 04:08 PM http://www.businesswire.com/news/home/20241209391021/en
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NEW YORK (AP) — U.S. stock indexes drifted amid mixed trading Monday, ahead of this week’s upcoming meeting by the Federal Reserve that could set Wall Street’s direction into next year. The S&P 500 rose 0.4%, coming off its first losing week in the last four . The Nasdaq composite climbed 1.2% to a record, while the Dow Jones Industrial Average was a laggard and fell 110 points, or 0.3%. Broadcom leaped 11.2% to help lead the S&P 500 for a second straight day after delivering a profit report last week that beat analysts’ expectations. The technology company is riding a wave of enthusiasm about its artificial-intelligence offerings in particular. The market’s main event, though, will arrive on Wednesday when the Federal Reserve will announce its last move on interest rates for the year. The widespread expectation is that it will cut its main rate for a third straight time, as it tries to boost the slowing job market after getting inflation nearly all the way down to its target of 2%. The question is how much more it will cut rates next year, and Fed officials will release projections for where they see the federal funds rate ending 2025, along with other economic indicators, once their meeting concludes. Fed Chair Jerome Powell will also answer questions in a press conference following the meeting. For now, the general expectation among traders is that the Fed may cut a couple more times in 2025, according to data from CME Group. But such expectations have been shrinking following reports suggesting inflation may be tougher to get all the way down to 2% from here. Besides last month’s slight acceleration in inflation, another worry is that President-elect Donald Trump’s preferences for tariffs and other policies could lead to higher inflation down the line. Goldman Sachs economist David Mericle has dropped his earlier forecast of a cut by the Fed in January, for example. Beyond the possibility of tariffs, he said Fed officials may also want to slow their cuts because of uncertainty about exactly how low rates need to go so that they no longer press the brakes on the economy. Expectations for a series of cuts to rates by the Fed have been one of the main reasons the S&P 500 has set an all-time high 57 times so far this year and is heading for one of its best years of the millennium . The economy has held up better than many feared, continuing to grow even after the Fed hiked the federal funds rate to a two-decade high in hopes of grinding down on inflation, which topped 9% two summers ago. On Wall Street, MicroStrategy jumped as much as 7% during the day as it continues to benefit from the surging price for bitcoin , which set another all-time high. But its stock ended the day down by les than 0.1% after bitcoin’s price pulled back below $106,000 after setting a record above $107,700, according to CoinDesk. The software company has been building its hoard of the cryptocurrency, and its stock price has more than sextupled this year. It will also soon join the Nasdaq 100 index. Bitcoin’s price has catapulted from roughly $44,000 at the start of the year, riding a recent wave of enthusiasm that Trump will create a system that’s more favorable to digital currencies . Honeywell rose 3.7% after saying it’s still considering a spin-off or sale of its aerospace business, as part of a review of its overall business. It said it plans to give an update with the release of its fourth-quarter results. They helped offset a drop for Nvidia, whose chips are powering much of the world’s move into AI. Its stock fell 1.7%. Because it’s grown so massive, with a total value topping $3 trillion, it was the single heaviest weight on the S&P 500. All told, the S&P 500 rose 22.99 points to 6,074.08. The Dow Jones Industrial Average fell 110.58 to 43,717.48, and the Nasdaq composite rose 247.17 to 20,173.89. In the bond market, Treasury yields held relatively steady. The yield on the 10-year Treasury edged down to 4.39% from 4.40% late Friday. The two-year yield, which more closely tracks expectations for the Fed, eased to 4.24% from 4.25%. In stock markets abroad, indexes fell modestly across much of Europe and Asia. They sank 0.9% in Hong Kong and 0.2% in Shanghai after China reported lackluster economic indicators for November despite attempts to strengthen the world’s second-largest economy. South Korea’s Kospi fell 0.2% as law enforcement authorities pushed to summon impeached President Yoon Suk Yeol for questioning over his short-lived martial law decree, and the Constitutional Court met to discuss whether to remove him from office or reinstate him. AP Business Writer Elaine Kurtenbach contributed.Emera Inc. stock rises Wednesday, outperforms marketTrump has flip-flopped on abortion policy. His appointees may offer clues to what happens next
President-elect Donald Trump on Monday held a wide-ranging news conference in which he said he would preserve access to the polio vaccine but equivocated on other vaccines, pledged to look at bringing down the costs of pharmaceuticals and expressed doubts that his daughter-in-law might be Florida's next senator. Trump held forth for over an hour, the first time he took questions from reporters since winning the election. The event harkens back to his long-winding news conferences from his first term and is a stark contrast from President Joe Biden , who doesn't often take questions from reporters. Here's a look at some of what he touched on: Trump defended his choice for health secretary, prominent vaccine skeptic Robert F. Kennedy Jr. , but said he personally is a “big believer” in the polio vaccine and would preserve access to it. “You’re not going to lose the polio vaccine," he said. “That’s not going to happen.” Over the weekend, Senate Republican Leader Mitch McConnell, who had polio as a child, spoke out in defense of the polio vaccine after a recent report disclosed that one of Kennedy's advisers filed a petition to revoke approval for the polio vaccine in 2022. Kennedy has long advanced the debunked idea that vaccines cause autism. Trump seemed to question whether there’s a link, saying “We’re looking to find out,” and remarked on the rising cases of autism being diagnosed. “There’s something wrong, and we’re going to find out about it,” he said. There are no blood or biological tests for autism; instead, a doctor bases the diagnosis on a child’s behavior. While the autism diagnosis has been available for at least 80 years, the definition gradually expanded to include milder cases, which are more common. A study last year found that about a quarter of kids with autism — about 110,000 in the U.S. — have the most severe version of the developmental disability, which has left them unable to speak or with an IQ below 50 or both. Of Kennedy, “He’s going to be much less radical than you would think," he said. "I think he’s got a very open mind, or I wouldn’t have put him there.” Trump described a dinner he had this month with Kennedy; Dr. Mehmet Oz , a celebrity heart surgeon turned talk show host and lifestyle guru whom he's tapped to run the Centers for Medicare and Medicaid Services; and top pharmaceutical executives in which they discussed drug prices. Trump heaped praise on the companies — the same ones that Kennedy has routinely argued profit off of Americans unfairly — but said the high cost of health care was a focus of their dinner. “What came out of that meeting is that we’re paying far too much,” Trump said. Trump also hit pharmaceutical benefits managers, calling them “horrible middlemen” who drive up the cost of drugs. Pharmaceutical companies have been aggressively lobbying Congress to restrict the role of pharmaceutical benefit managers, which help health insurance companies’ biggest clients decide how and what prescription drugs will be covered in their insurance plans. “I don’t know who these middlemen are, but they are rich as hell," Trump said. The press conference was Trump’s most extensive public appearance since his victory six weeks ago — a rare absence from the public stage for the former reality star. But it also underscored how even while president-elect, Trump has seized the spotlight from Biden, who still has a month left on his term in office. Biden has not held a press conference in months and has had a limited public schedule. While Trump was addressing some of the top-of-mind issues of the day -- including sightings of drones flying over the Northeast -- Biden himself has been silent, leaving it to aides to try to calm the public. Trump seemed skeptical that Florida Gov. Ron DeSantis would appoint his daughter-in-law to be a Florida senator, taking the seat held by Marco Rubio, who has been nominated for secretary of state. Asked whether he expected DeSantis to name Lara Trump to replace Rubio, Trump said, “I probably don’t, but I don’t know.” Trump recently spoke with DeSantis at a memorial for Florida law enforcement officers. Trump's allies have been pushing DeSantis to nominate Lara Trump, who is married to Trump's son, Eric, and served as co-chair of the Republican National Committee this year. “Ron’s doing a good job with his choice," Trump said, without elaborating. He lavished praise on Lara Trump, including for her work at the RNC, where part of her duties involved focusing on “election integrity,” a priority of Trump's after he falsely claimed fraud in the 2020 presidential election. Trump indicated he would look at intervening in the potential ban of TikTok in the U.S. The popular social media platform must cut ties with its China-based parent company or be banned by mid-January under a federal law. He didn't offer specifics, but Trump credited the platform with helping him win the election. His campaign saw it as a bridge to reach younger, less politically engaged voters, particularly when clips circulated showing him with celebrities at UFC fights. “We’ll take a look at TikTok,” he said. “You know, I have a warm spot in my heart for TikTok." Trump tried to ban TikTok during his first term but changed his mind and pledged to “save” TikTok. Once he takes office, his Justice Department would be tasked with enforcing the new federal law against TikTok. Trump on Monday was meeting with TikTok CEO Shou Chew at his Mar-a-Lago club, according to two people familiar with the president-elect’s plans who were not authorized to speak publicly about them and spoke to AP on condition of anonymity. Trump noted the differences between the first time he was to take office eight years ago and today, saying executives now want to meet with him. He said they were “hostile” back then. “Everybody was fighting me,” he said about his first term. “This term, everybody wants to be my friend. I don’t know. My personality changed or something.” While he left office in 2021 ostracized and angry, Trump has had a stunning turnaround leading to his election win. Last week, he was honored by being named Time magazine’s Person of the Year and ringing the opening bell at the New York Stock Exchange. His meeting with the TikTok executive was part of a string of meetings he's had with Silicon Valley billionaires and other technology leaders since becoming president-elect. Facebook founder Mark Zuckerberg, Apple CEO Tim Cook and Google CEO Sundar Pichai have all flown to Trump's club to meet with him. He revealed Monday that he had also met with Google co-founder Sergey Brin. Amazon founder Jeff Bezos will meet with him this week, Trump said. “We have a lot of great executives coming in — the top executives, the top bankers, they’re all calling," he said. "It’s like a complete opposite from the first one.” With multiple wars going on, Trump has sought to insert himself back on the world stage. He said he is working to get Israeli hostages held by Hamas in Gaza to be released and had a “very good talk” with Israeli Prime Minister Benjamin Netanyahu. But on Monday he seemed to buffer expectations about his promise to solve the Russia-Ukraine war even before taking office, describing the conflict as a “tough one” and a “nasty one." “We are trying to get that war stopped, that horrible, horrible war” he said. “It’s a tough one. It’s a nasty one. It’s nasty. People are being killed at levels that nobody’s ever seen.” Russia's invasion of Ukraine is Europe’s biggest armed conflict since World War II and has cost tens of thousands of lives on both sides. Trump declined to say whether he's spoken to Russian President Vladimir Putin since winning the election. He met with Ukrainian President Volodymyr Zelenskyy in Paris this month when he visited for the reopening of Notre Dame Cathedral. Trump's incoming press secretary has said that Trump invited Chinese leader Xi Jinping and other world leaders to his Jan. 20 inauguration, but Trump said Monday that Zelenskyy was not among them. “If he'd like to come, I'd like to have him," Trump said. Trump said Xi has not yet said whether he is coming. He described the Chinese leader as “a friend of mine” and “an amazing guy” but acknowledged that the COVID-19 pandemic had affected their relationship. “It was a bridge too far for me,” he said. Associated Press writers Zeke Miller and Amanda Seitz in Washington and Colleen Long in Palm Beach, Florida, contributed to this report.Mumbai: Citizens Allege Proposed Multi-Level Robotic Parking Tower Project Near Matunga Station Aimed At Benefiting BuilderNone
President Prabowo should make Indonesia a global champion of democracy
As two-way superstar Shohei Ohtani works his way back from elbow surgery, the Dodgers are aware that he may not be 100% for the 2025 season. Instead, manager Dave Roberts said Monday, the team will be "nimble" with Ohtani's pitching workload. To that end, Roberts said it's "unlikely" that Ohtani will pitch during the Dodgers' opening series in Japan next year, to be held in Tokyo on March 18 and 19. That isn't too shocking. There's no reason to push him to start in a two-game series that doesn't line up with the rest of the season, especially since they'll want Ohtani-the-pitcher firing on all cylinders for the playoffs. That's much more important than the middle of March. Remember, not only did Ohtani have that elbow surgery in the fall of 2023, but he had to have surgery on his left (non-pitching) shoulder after injuring it during the World Series. Roberts did mention to reporters that the expectation was Ohtani will be ready from the get-go as a hitter. Ohtani, 30, won his third MVP in four seasons last season -- his first with the Dodgers after signing a $700 million deal last offseason. He hit .310/.390/.646 (190 OPS+) with 38 doubles, seven triples, 54 homers, 130 RBI, 134 runs, 59 stolen bases and 9.2 WAR. Obviously, his value on the offensive side is monstrous. He just became the first player ever to have a 50-50 season and win the MVP as a primary designated hitter. Just remember, the last time he pitched in a season was 2023 and he went 10-5 with a 3.14 ERA, 1.06 WHIP and 167 strikeouts in 132 innings. He finished fourth in AL Cy Young voting in 2022. The Dodgers will have an internal innings target in the regular season with Ohtani, perhaps somewhere in the 150 range. That's part of why there's no reason to put him on the mound in Tokyo, not to mention the fact that they also have Yoshinobu Yamamoto , Tyler Glasnow and Blake Snell alongside Ohtani in that rotation. Given the returns of Tony Gonsolin and Dustin May from major injury, the Dodgers will have at least six starting pitchers for the rotation and odds are they'll use at least eight at various points. The main goal will be as much health as possible for October. They won the World Series last year with only three starting pitchers, but they'd surely love to avoid using a bullpen game as a fourth starter if possible.Losses for big technology stocks pulled major indexes lower on Wall Street. The S&P 500 fell 0.4% Wednesday. The Dow Jones Industrial Average slipped 0.3% from its record high a day earlier, and the Nasdaq composite lost 0.6%. Losses for Nvidia, Microsoft and Broadcom were the biggest weights on the market. Dell sank 12.2% after reporting revenue that fell shy of forecasts, and HP dropped 11.4% after giving a weaker-than-expected outlook. Treasury yields fell in the bond market. U.S. financial markets will be closed Thursday for Thanksgiving, and will reopen for a half day on Friday. On Wednesday: The S&P 500 fell 22.89 points, or 0.4%, to 5,998.74. The Dow Jones Industrial Average fell 138.25 points, or 0.3%, to 44,722.06. The Nasdaq composite fell 115.10 points, or 0.6%, to 19,060.48. The Russell 2000 index of smaller companies rose 1.88 points, or 0.1%, to 2,426.19. For the week: The S&P 500 is up 29.40 points, or 0.5%. The Dow is up 425.55 points, or 1%. The Nasdaq is up 56.83 points, or 0.3%. The Russell 2000 is up 19.52 points, or 0.8%. For the year: The S&P 500 is up 1,228.91 points, or 25.8%. The Dow is up 7,032.52 points, or 18.7%. The Nasdaq is up 4,449.12 points, or 27%. The Russell 2000 is up 399.12 points, or 19.7%.Affinity Bancshares director Roberts sells $15,114 in stock
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