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NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (MTI), a global specialty minerals company, today announced the closing of a new seven-year $575 million senior secured Term Loan B (TLB) along with the increase of its Revolving Credit Facility (Revolver) from $300 million of capacity due 2027 to $400 million due 2029. Proceeds from the TLB will be used to refinance MTI's existing $523 million Term Loan A and repay outstanding Revolver borrowings. This transaction extends the weighted average tenor of MTI's capital structure to more than five years, increases the company's liquidity by $150 million, and is neutral to the company's leverage position. "We are pleased with this refinancing, which reflects the strong credit profile of the company. We improved our balance sheet flexibility by extending maturities and increasing liquidity,” said Erik Aldag, Chief Financial Officer. "Our balance sheet is now even stronger and is well-positioned to support our long-term growth strategy.” About Minerals Technologies Inc. New York-based Minerals Technologies Inc. (MTI) is a leading, technology-driven specialty minerals company that develops, produces, and markets a broad range of mineral and mineral-based products, related systems, and services. MTI serves a wide range of consumer and industrial markets globally, including household, food and pharmaceutical, paper, packaging, automotive, construction, and environmental. The company reported global sales of $2.2 billion in 2023. For further information, please visit our website at www.mineralstech.com . Investor Contact: Lydia Kopylova, (212) 878-1831WOODHAVEN, Mich. (WXYZ) — A downriver community is coming together this Christmas Eve to help lift one man's spirits and it all started with a simple post on social media. Thomas Gibbons was just asking friends and family to send him some Christmas cards at the nursing home he is living at. "Just to see if I could get the Christmas spirit going, you know," Gibbons said. The 58-year-old tells us he thought filling his door up with cards would help lift his spirits this year. "Christmas Eve was always a special time from when i was a kid, up til last year," Gibbons said. Last year is when Gibbons says he tried to take his own life. "I shot myself but it ended up giving me a stroke and now my legs don't want to work," Gibbons said. His original post got about three cards sent to him but his friend Lindsey Dyer knew she could take it up a notch, so, she brought it to the Facebook group "Downriver and Friends". "I've seen the remarkable things that Downriver and Friends can do and the power of the community and how everybody can rally up behind everybody and make anything possible," Dyer said. A few days after her post in the group the Christmas cards started flooding in. "I'm completely blown away by the response and didn't expect it to be as much as it's been," Dyer said. Gibbons received 30 cards in one day, and counting. Most of the return addresses are from complete strangers. "I don't even know but a couple people on there," Gibbons said. "It's awesome, it really is." He wants to remind people that there are so many others just like him, stuck in a nursing home for the holidays. "Let them know that you know they're still out there, you know what I mean, and I think that's important," Gibbons said. He said just one phone call, message, or Christmas card can make all the difference in someone's day.
Can sharing a good meal bring people together? One San Diego author thinks soDWP to review into carers allowance rules as Martin Lewis calls for end to 'crisis'AI chatbots help holiday shoppers
LONDON European Union foreign policy chief Josep Borrell welcomed a recently brokered cease-fire in Lebanon on Tuesday, describing it as a "relief in the devastating situation in the Middle East." In a statement shared on the social media platform X, Borrell commended France and the US for their mediation efforts in securing the agreement. "The agreement on a cease-fire in Lebanon is a relief in the devastating situation in the Middle East. I want to praise France and the US for their mediation," he wrote. He emphasized the importance of ensuring the cease-fire's durability to protect the lives of citizens in Lebanon and Israel and to facilitate the safe return of internally displaced persons (IDPs). "It is now crucial that the cease-fire holds," he added. Borrell underscored the critical need for the full implementation of United Nations Security Council Resolution 1701 (UNSCR 1701), which outlines measures for maintaining peace and security along the Lebanon-Israel border. In a pointed appeal to Lebanon’s political leaders, he reiterated the EU’s call for the election of a president, stressing the urgency of addressing the country’s prolonged political paralysis. He further highlighted the right of the Lebanese people to "regain full sovereignty on the country’s affairs, without external interference," signaling Europe’s concern over foreign influence in Lebanon’s domestic politics. Other global reactions The US and French presidents, Joe Biden and Emmanuel Macron, issued a joint statement. "Today, after many weeks of tireless diplomacy, Israel and Lebanon have accepted a cessation of hostilities between Israel and Lebanon," the statement said. "This announcement will create the conditions to restore lasting calm and allow residents in both countries to return safely to their homes on both sides of the Blue Line," it said. British Prime Minister Keir Starmer welcomed the announcement of a cease-fire between Israel and the Lebanese Hezbollah group, calling for the deal to be turned into "a lasting political solution." "We must see immediate progress towards a cease-fire deal in Gaza, the release of all hostages and the removal of restrictions on desperately needed humanitarian aid," he added. Ireland’s Foreign Minister Michael Martin said in a statement: "I welcome the announcement of a cease-fire agreement between Israel and Hezbollah in Lebanon. Both sides must use the cease-fire to engage meaningfully to achieve a durable peace." Belgian Foreign Minister Hadja Lahbib also took to X, saying "The cease-fire agreement in Lebanon is a crucial step towards stopping the escalation in the Middle East. We call for a cease-fire in the whole region, including Gaza. Only resuming negotiations for a 2-state solution can bring peace. Civilians must be protected." Slovenian Foreign Minister Tanja Fajon said: "I welcome important cease-fire announcement. I’m also hopeful for a cease-fire in Gaza, with release of all hostages & an end to the tremendous suffering of the inhabitants." German Foreign Minister Annalena Baerbock also said in a statement that the cease-fire between Israel and Hezbollah "is a ray of hope for the entire region." "The cease-fire between Israel and Hezbollah shows what is possible with diplomatic means: We also urgently need a cease-fire in Gaza now so that the German and all other hostages are finally released and the suffering and hunger of hundreds of thousands of women, children and men finally comes to an end," she added. Spanish Foreign Minister Jose Manuel Albares also spoke to X, saying that the announcement of a cease-fire in Lebanon was good news for peace and security. "Now, we must move forward with the implementation of Resolution 1701," he added. Dutch Foreign Minister Caspar Veldkamp said: "This is a vital step towards ending hostilities and regional de-escalation." European Commission President Ursula von der Leyen said "The announced cease-fire between Israel and Hezbollah is very encouraging news. Lebanon will have an opportunity to increase internal security and stability thanks to Hezbollah’s reduced influence." Israel’s security cabinet approved the cease-fire agreement with Lebanon on Tuesday evening. US President Joe Biden confirmed that both Israel and Lebanon agreed to the deal, which will take effect at 4 a.m. local time (0200GMT) Wednesday. “The Security Cabinet, this evening, in a 10-1 vote, approved the US proposal for a cease-fire arrangement in Lebanon,” Israeli Prime Minister Benjamin Netanyahu’s office said in a statement.Tyrone legend Jody Gormley was an inspiration to anyone who met him and has sadly passed away far too soon The former Tyrone footballer Jody Gormley has died following a short illness. The 53-year-old was diagnosed with stage four liver cancer in September, having suffered a stroke while on holiday earlier in the year. But he continued to manage his club team Trillick and they reached a Tyrone final in October, losing to Errigal Ciaran by a point. Errigal went on to win the Ulster title, beating Kilcoo in Armagh's Athletic Grounds yesterday. Gormley informed the Trillick players after the county final defeat of his illness and the prognosis he had been given. In the days that followed he did a series of interviews, telling BBC that he had "no fear of dying. No fear of dying whatsoever. I've felt blessed my entire life," he said. "The sadness is the people you're leaving behind. That I'll not get to see my son, he's training hard with Trillick, he's come back after a couple of years, that I'll not get to see him play and I'll not get to see my family grow up and mature. That's not scary but sad really." We need your consent to load this Social Media content. We use a number of different Social Media outlets to manage extra content that can set cookies on your device and collect data about your activity. Gormley was midfield on the Tyrone team that lost to Dublin by a point in the 1995 All-Ireland football final. He later managed the Antrim footballers and coached Down. His death was confirmed by his brother Damien on Twitter this evening who stated that he had passed away peacefully. He is survived by his wife Deirdre and children Aine, James and Niamh.Bill Clinton discharged from hospital after being treated for flu
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CALGARY, Alberta, Nov. 26, 2024 (GLOBE NEWSWIRE) — DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”), a leader in industrialized construction, is pleased to announce that Holly Hess Groos is joining the DIRTT Board of Directors effective November 26, 2024 and will also serve as the Chair of the Audit Committee. Effective November 26, 2024, Scott Robinson, current Board Chair and Audit Committee Chair, will step down from his role as Audit Committee Chair. Ms. Groos is a senior financial executive. She retired from Verizon after a 30-year tenure in various leadership roles, including CFO of Verizon Wireless, Head of Internal Audit, SVP Business Excellence, Operational Excellence and Treasurer of Verizon. “We are thrilled to welcome Holly to our Board of Directors,” said Scott Robinson, Board Chair. “We believe her extensive financial experience, including serving as SVP and CFO of multiple divisions at Verizon, combined with her background in operational transformation, will be invaluable in supporting DIRTT in the execution of our growth strategy.” Ms. Groos remarked “I am excited to join the DIRTT Board of Directors and to leverage my financial and operational excellence expertise in an effort to transform how the world builds. I look forward to supporting the team on DIRTT’s inspiring transformation journey.” Ms. Groos earned a Bachelor of Science (Business Administration / Accounting) from Miami University. She is a Certified Public Accountant from the State of Ohio, a Lean Six Sigma Blackbelt and a member of AICPA. Certain statements contained in this news release that are not historical facts are “forward-looking information” and “forward-looking statements” (collectively, “Forward-Looking Information”) as defined under applicable provisions of the United States Private Securities Litigation Reform Act of 1995, and Section 21E of the Exchange Act and within the meaning of applicable Canadian securities laws. Forward-Looking Information, by its nature, is based on assumptions, and is subject to important risks and uncertainties, including that Ms. Groos’s experience and background will support DIRTT in the execution of its growth strategy, or that such strategy will be executed as expected. You should not rely on any Forward-Looking Information, which represents our beliefs, assumptions and estimates only as of the dates on which it was made, as predictions of future events. We undertake no obligation to update this Forward-Looking Information, even though circumstances may change in the future, except as required under applicable securities laws. We qualify all of our Forward-Looking Information with these cautionary statements. DIRTT is a global leader in industrialized construction. Its integrated system of physical products and digital tools empowers organizations, together with construction and design leaders, to build high-performing, adaptable, interior environments. Operating in the commercial, healthcare, education, and public sector markets, DIRTT’s system offers total design freedom, and greater certainty in cost, schedule, and outcomes. Headquartered in Calgary, Alberta, Canada, DIRTT trades on the Toronto Stock Exchange under the symbol “DRT” and is quoted on the OTC markets on the “OTC Pink Tier” under the symbol “DRTTF.” FOR FURTHER INFORMATION, PLEASE CONTACT ir@dirtt.com.Bethlehem marks a second subdued Christmas during the war in Gaza BETHLEHEM, West Bank (AP) — Bethlehem is marking another somber Christmas Eve under the shadow of war in Gaza. Manger Square lacked its usual festive lights and crowds of tourists on Tuesday. Instead, the area outside the Nativity Church was quiet. The church was built atop the spot where Jesus is believed to have been born. The war, the violence in the occupied West Bank it has spurred and the lack of festivities has deeply hurt Bethlehem's economy. The town relies heavily on Christmas tourism. The economy in the West Bank was already reeling because of restrictions placed on laborers preventing them from entering Israel during the war. Middle East latest: Bethlehem marks a somber Christmas Eve amid war in Gaza TEL AVIV, Israel (AP) — The Palestinian city of Bethlehem is preparing for another somber Christmas under the shadow of war in Gaza. Most festivities cancelled and crowds of tourists absent in the Israeli-occupied West Bank. Winter is hitting the Gaza Strip and many of the nearly 2 million Palestinians displaced by the devastating 15-month war with Israel are struggling to protect themselves from the wind, cold and rain. According to Gaza’s Health Ministry, Israel’s bombardment and ground invasion has killed over 45,000 Palestinians, more than half of them women and children. The Health Ministry does not distinguish between fighters and civilians in its count. Heavy travel day off to a rough start after American Airlines briefly grounds all flights WASHINGTON (AP) — American Airlines briefly grounded flights nationwide due to a technical issue just as the Christmas travel season kicks into overdrive and winter weather is threatening more potential problems for those planning to fly or drive. American flights were cleared to fly by federal regulators about one hour after a national ground stop order was issued by federal regulators Tuesday. The American groundings couldn’t come at a worse time for the millions of travelers expected to fly over the next 10 days. The Transportation Security Administration expects to screen 40 million passengers over the holidays and through January 2. Major storm pounds California's central coast, blamed for man's death and partially collapsing pier SANTA CRUZ, Calif. (AP) — A major storm has pounded California’s central coast bringing flooding and high surf that was blamed for fatally trapping a man beneath debris on a beach and later partially collapsing a pier, tossing three people into the Pacific Ocean. The storm was expected to bring hurricane-force winds and waves up to 60 feet Monday as it gained strength from California to the Pacific Northwest. Some California cities have ordered beachfront homes and hotels to evacuate early Monday afternoon. Forecasters have warned that storm swells would continue to increase throughout the day. Caitlin Clark honored as AP Female Athlete of the Year following her impact on women's sports Caitlin Clark has been named the AP Female Athlete of the Year after raising the profile of women’s basketball to unprecedented levels in both college and the WNBA. She led Iowa to the national championship game, was the top pick in the WNBA draft and captured rookie of the year honors in the league. Fans packed sold-out arenas and millions of television viewers followed her journey on and off the court. Clark's exploits also put other women's sports leagues in the spotlight. A group of 74 sports journalists from AP and its members voted on the award. Other athletes who received votes included Olympic gold medalist Simone Biles and boxer Imane Khelif. Clark’s only the fourth women’s basketball player to win the award since it was first given in 1931. 20 years after the Indian Ocean tsunami, a boy found in the mud embraces being known as 'Baby 81' KURUKKAL MADAM, Sri Lanka (AP) — The boy once known as “Baby 81,” who was pulled from the mud as an infant after the devastating Indian Ocean tsunami in 2004 and reunited with his parents following an emotional court battle, is now a 20-year-old dreaming of higher education. Jayarasa Abilash’s story symbolizes that of the many families torn apart by one of the worst natural calamities in modern history, but it also offers hope. He grew up being followed by the nickname “Baby 81” and feeling embarrassed until he learned more about the events that tore him from his family and brought him back. He has lost his fear. A blast at a Turkish ammunition factory kills 11 people ISTANBUL (AP) — An explosion at an ammunition factory in northwest Turkey left 11 dead and five injured Tuesday morning. The state-run Anadolu Agency says the blast occurred in Balikesir province, in a rural area away from population centers. The provincial governor says one building collapsed and others were damaged, The governor says the explosion was due to a technical issue and there was no possibility of sabotage. An investigation has begun. France has a new government, again. Politics and crushing debt complicate next steps PARIS (AP) — France’s president and prime minister have managed to form a new government just in time for the holidays. Now comes the hard part. Crushing debt, pressure from the nationalist far right, wars in Europe and the Mideast. The hallenges abound for President Emmanuel Macron and Prime Minister Francois Bayrou. They already had a tumultuous 2024. The most urgent order of business is passing a 2025 budget. Financial markets, ratings agencies and the European Commission are pushing France to bring down its deficit. It is threatening the stability and prosperity of all countries that share the euro currency. Inside the Gaetz ethics report, a trove of new details alleging payments for sex and drug use WASHINGTON (AP) — The House Ethics Committee’s long-awaited report into Rep. Matt Gaetz documents a trove of salacious allegations of misconduct, including sex with an underage girl, that tanked the Florida Republican’s nomination to lead the Justice Department. Citing text messages, travel receipts, online payments and other evidence, the committee painted a picture of a lifestyle in which Gaetz and others connected with younger women for drug-fueled parties, events or trips, with the expectation the women would be paid for their participation. Gaetz, who had filed a last-minute lawsuit to try to block the report’s release Monday, slammed the committee’s findings. Gaetz has denied any wrongdoing and has insisted he never had sex with a minor. Legendary Indian filmmaker Shyam Benegal dies at age 90 NEW DELHI (AP) — Shyam Benegal, a renowned Indian filmmaker known for pioneering a cinema movement that tackled social issues in the 1970s, has died after chronic kidney disease. He was 90. His contribution to cinema was recognized as a director, editor and screenwriter. He came into the limelight with films that challenged mainstream Bollywood by dealing with the social realities of a poor nation. He also was a mentor to top Indian actors. India's prime minister says he is “deeply saddened” by Benegal's death.
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It's the most wonderful—and stressful—time of the year. While the holiday season can be joyful, gatherings with family, friends, and colleagues inevitably come with some awkward encounters. And if you're one of the millions of Americans who has been on a weight loss journey in 2024, you're likely to experience even more awkwardness this year. With the rising popularity of compounded semaglutide and medications such as Ozempic ®, Wegovy® , and Zepbound ®, people may come at you with all sorts of questions and comments. Have you lost weight? Have you been taking Ozempic/Wegovy/Mounjaro/Zepbound? Have you thought about trying Ozempic ? You looked great before! Why have you lost so much weight? Why aren't you eating more tonight? Hers shares a few psychologist-approved tips to help navigate these uncomfortable encounters and offer some potential responses to specific questions. There are many dreading their family's annual ugly sweater party because they'd rather not talk about their body. It can even be tempting to reach for the phone and text that aunt to tell her you've come down with a terrible illness and won't be able to make it this year. But before hitting "send" and missing out on quality time with loved ones, consider these tips to help avoid potential Ozempic shaming and manage your stress before and during the event. While you won't be able to anticipate every question that might come your way, here are a few that may come up—and some psychologist-approved responses to them. Regardless of your specific answer, keep in mind that it's perfectly OK to be concise, straightforward, and unapologetic in your answers. Your body is your business, and you get to decide how much to say about it. "Yes" and "no" are actually complete sentences. Question: Have you lost weight? Potential Responses: Your response will likely depend on whether you've lost weight and how comfortable you are with disclosing so. Potential responses include: Question: Have you taken Ozempic? Potential Responses: Similar to above, your response to this question will likely depend on whether you've taken Ozempic or another weight loss medication and how comfortable you are with disclosing so. Question: Have you thought about trying Ozempic? Potential Responses: This question may stem from curiosity, or it may stem from the desire to offer a helpful suggestion. Regardless of the intent, you can kindly let your family member, friend, or colleague know that what you do with your body is up to you. Question: You looked fine before, why did you lose so much weight? Potential Response: You might consider the first part of this question a compliment while offering a gentle reminder that what you do with your body is your choice. Question: Why aren't you eating more? Potential Response: You might feel like you need to defend your current eating habits if you are on a weight loss journey and are eating in a calorie deficit . Rather than respond in defense, try to keep your response short and simple, with something along the lines of the following. Question: Is that a second slice of pie? Are you sure you need a second helping? Potential Response: Similar to above, you might feel like you need to defend your current eating habits. Remember, what you eat and how you eat is your business. You can kindly indicate as such with this potential response. Question: How does Ozempic work? Did you experience side effects? Are you worried about long-term side effects or that you're going to gain the weight back? Potential Response: The person asking this question might be curious about weight loss medications in general, or they might be curious about your unique experience with side effects of medications like semaglutide . Answering these questions could lead you down a rabbit hole of answering even more questions, so try providing a response that's just enough to close the conversation. As you prepare for this season's holiday gatherings, remember that what you say and do when it comes to your weight loss journey is entirely up to you. It's your right to decline specific questions, specific topics, and even invitations themselves. If you do end up at a holiday gathering, use the above tips to help you anticipate and navigate uncomfortable conversations as comfortably as possible. Find more psychologist-approved tips to deal with Ozempic shaming this holiday season here . (And check out these tips to answer other uncomfortable questions —from your relationship to employment status.) This story was produced by Hers and reviewed and distributed by Stacker.CJ Stroud showed his emotions on the field when his best friend and teammate, Tank Dell, sustained a nasty injury. As a result, the second-year Texans quarterback faced a lot of backlash — with some arguing that he shouldn’t have lost composure at a nationally broadcast game. Some critics also suggested Stroud should have toughened up. However, like the majority of fans, CJ’s mother showed her support for her son’s reaction. Kim Stroud shared a powerful bible verse on Twitter, accompanied by a heartfelt message reading, “Keep loving CJ# very proud you are my son# Jesus lives in you.” It’s a powerful verse, showing that loving and caring about someone to the point of getting emotional over them shouldn’t be looked down upon. It shows that you’re empathetic and have a good heart — something we should all aspire to have/be. Kim also included an IG link in her post that leads directly to CJ’s post-game reaction to the injury and the backlash that followed his emotional moment. In the snippet from his presser, the QB made sure to share his thoughts on why it was such a somber, emotional moment for him. Although, it’s unfortunate that he had to even explain it. Stroud further stated that, growing up, like many men, society encouraged him to suppress his emotions. Especially tears. But it’s a new world today, he said. Crying is okay. It shows you’re human and that you care. Many people suppress their emotions, letting them build up until they turn into anger. That’s not a healthy way to handle any situation. What Stroud did was totally fine. And quite honestly, we’re starting to get a little too “nit-picky” when it comes to how we critique athletes. These men and women are on camera more than ever, on and off the field. It takes a toll mentally to have to constantly deal with the ups and downs of a sports season as well. There can be high highs and very low lows. And at the end of the day, players like Stroud are just expected to look on as a brother-in-arms is down, to what could be a career-ending, gruesome injury, and just be okay with that? No, that would mess anybody up mentally. Stroud even shared how he does bible study with Dell twice a week. These two aren’t just friends, they are almost brothers. We should definitely stop bothering him for showing a little emotion.
Poet Technologies Announces US$25 Million Registered Direct Offering
Assad exit puts US at perilous crossroads in SyriaNoneSANTA CLARA, Calif. , Dec. 10, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced that it has pioneered a new custom HBM compute architecture that enables XPUs to achieve greater compute and memory density. The new technology is available to all of its custom silicon customers to improve the performance, efficiency and TCO of their custom XPUs. Marvell is collaborating with its cloud customers and leading HBM manufacturers, Micron, Samsung Electronics, and SK hynix to define and develop custom HBM solutions for next-generation XPUs. HBM is a critical component integrated within the XPU using advanced 2.5D packaging technology and high-speed industry-standard interfaces. However, the scaling of XPUs is limited by the current standard interface-based architecture. The new Marvell custom HBM compute architecture introduces tailored interfaces to optimize performance, power, die size, and cost for specific XPU designs. This approach considers the compute silicon, HBM stacks, and packaging. By customizing the HBM memory subsystem, including the stack itself, Marvell is advancing customization in cloud data center infrastructure. Marvell is collaborating with major HBM makers to implement this new architecture and meet cloud data center operators' needs. The Marvell custom HBM compute architecture enhances XPUs by serializing and speeding up the I/O interfaces between its internal AI compute accelerator silicon dies and the HBM base dies. This results in greater performance and up to 70% lower interface power compared to standard HBM interfaces. The optimized interfaces also reduce the required silicon real estate in each die, allowing HBM support logic to be integrated onto the base die. These real-estate savings, up to 25%, can be used to enhance compute capabilities, add new features, and support up to 33% more HBM stacks, increasing memory capacity per XPU. These improvements boost XPU performance and power efficiency while lowering TCO for cloud operators. "The leading cloud data center operators have scaled with custom infrastructure. Enhancing XPUs by tailoring HBM for specific performance, power, and total cost of ownership is the latest step in a new paradigm in the way AI accelerators are designed and delivered," said Will Chu, Senior Vice President and General Manager of the Custom, Compute and Storage Group at Marvell. "We're very grateful to work with leading memory designers to accelerate this revolution and, help cloud data center operators continue to scale their XPUs and infrastructure for the AI era." "Increased memory capacity and bandwidth will help cloud operators efficiently scale their infrastructure for the AI era," said Raj Narasimhan, senior vice president and general manager of Micron's Compute and Networking Business Unit. "Strategic collaborations focused on power efficiency, such as the one we have with Marvell, will build on Micron's industry-leading HBM power specs, and provide hyperscalers with a robust platform to deliver the capabilities and optimal performance required to scale AI." "Optimizing HBM for specific XPUs and software environments will greatly improve the performance of cloud operators' infrastructure and ensure efficient power use," said Harry Yoon , corporate executive vice president of Samsung Electronics and head of Americas products and solutions planning. "The advancement of AI depends on such focused efforts. We look forward to collaborating with Marvell, a leader in custom compute silicon innovation." "By collaborating with Marvell, we can help our customers produce a more optimized solution for their workloads and infrastructure," said Sunny Kang , VP of DRAM Technology, SK hynix America. "As one of the leading pioneers of HBM, we look forward to shaping this next evolutionary stage for the technology." "Custom XPUs deliver superior performance and performance per watt compared to merchant, general-purpose solutions for specific, cloud-unique workloads," said Patrick Moorhead , CEO and Founder of Moor Insights & Strategy. "Marvell, already a player in custom compute silicon, is already delivering tailored solutions to leading cloud companies. Their latest custom compute HBM architecture platform provides an additional lever to enhance the TCO for custom silicon. Through strategic collaboration with leading memory makers, Marvell is poised to empower cloud operators in scaling their XPUs and accelerated infrastructure, thereby paving the way for them to enable the future of AI." Marvell and the M logo are trademarks of Marvell or its affiliates. Please visit www.marvell.com for a complete list of Marvell trademarks. Other names and brands may be claimed as the property of others. This press release contains forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future events, results or achievements. Actual events, results or achievements may differ materially from those contemplated in this press release. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict, including those described in the "Risk Factors" section of our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed by us from time to time with the SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and no person assumes any obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise. For further information, contact: Kim Markle pr@marvell.com View original content to download multimedia: https://www.prnewswire.com/news-releases/marvell-announces-breakthrough-custom-hbm-compute-architecture-to-optimize-cloud-ai-accelerators-302328144.html SOURCE Marvell
VANCOUVER, British Columbia & MELBOURNE, Australia--(BUSINESS WIRE)--Dec 24, 2024-- Proton Intelligence Inc., developing the first-ever Continuous Potassium Monitoring (CKMTM) platform, today announced the closing of its $6.95 million USD Seed Financing round joined by SOSV, We Venture Capital, Tenmile, LongeVC, 15th Rock, Exor, and Trampoline Venture Partners. The CKMTM platform is designed to transform the management of cardio-kidney-metabolic diseases by providing clinicians and patients crucial data about potassium levels on-demand. Potassium is both the most important biomarker in cardiac-kidney-metabolic diseases and the hardest to measure. Dangerous fluctuations in potassium levels—whether too high or too low—lead to cardiac arrhythmias and sudden cardiac death. The inability to provide timely potassium levels to patients and providers is a major barrier to getting patients on the correct life-saving therapies. About 33% of people with chronic kidney disease (CKD) or heart failure (HF) unnecessarily stop life-saving therapy after a high potassium event, which ultimately results in a nearly 40% increase in 6-month mortality [ 1 ]. Proton’s CKMTM technology aims to provide providers and patients accurate, remote, continuous potassium levels allowing precise treatment of patients suffering from kidney disease or heart failure. "We are proud to be the first institutional investor in Proton Intelligence," said Mohan S. Iyer, General Partner at SOSV. "The team's exceptional focus and relentless execution inspire confidence, and we are excited to continue to support them as they move into clinical validation.” “We Venture Capital have been impressed by this true breakthrough in electrolyte sensing capability, which will fulfil a critical gap in the current care continuum for many patients at risk from dyskalemia. We look forward to working with the Proton Intelligence team on the next phase of their journey,” said Dr. Louise Warme, Head of We Venture Capital. The company has initiated clinical studies assessing the performance of CKMTM in people living with severely impaired kidney function such as the underserved population living with end-stage renal disease (ESRD) or chronic kidney disease (CKD). According to the United States Renal Data System (USRDS), 14% of US adults have CKD and account >25% of Medicare spend. Patients with ESRD account for 7% of US Medicare expenditure annually [ 2 ]. “The ability to continuously monitor potassium will enable better data driven decision making for patients with late-stage chronic kidney disease or on dialysis, not only improving outcomes for these patients but saving health systems considerable costs,” said Dr. Steve Burnell, Managing Director at Tenmile. “This fundraising milestone represents a major leap forward for us,” said Dr. Sahan Ranamukhaarachchi, Founder and CEO of Proton Intelligence Inc. “We are immensely grateful for the trust and support of our investors, who share our vision of revolutionizing cardio-kidney-metabolic care. Their belief in our mission sees us funded through a number of clinical feasibility trials ahead of a pivotal study planned for 2026 and get closer to making CKMTM a reality for millions of patients.” About Proton Intelligence Inc. Proton Intelligence Inc. is headquartered in Vancouver, Canada , with R&D operations in Melbourne, Australia . The company is revolutionizing healthcare with its continuous electrolyte monitoring technology, starting with CKMTM for potassium (akin to continuous glucose monitoring in diabetes). The CKMTM platform addresses a critical challenge in cardio-kidney-metabolic disease management by enabling the safe implementation of optimal medical therapies. About SOSV SOSV is a multi-stage, deep tech venture investor committed to “human and planetary health,” and invests beginning at a startup’s inception, the “First Check in Deep Tech®.” Headquartered in Princeton, NJ, SOSV operates the deeply resourced startup development programs in New York City and San Francisco (IndieBio) and Newark, NJ (HAX) equipped with labs for bio-safety, chem, food, EE, analytics and mechatronics. The SOSV ecosystem spans the globe, with 800+ startups operating in 40 countries. About We Venture Capital We Venture Capital is a specialized fund investing in diagnostics, as well as tools and digital solutions in the diagnostics area. Being the corporate investment arm of Werfen, a worldwide leader in specialized diagnostics, We Venture Capital is an active investor, leveraging the network and knowledge from Werfen to the benefit of our investments. We invest in and partner with early-stage startups close to market entry or early scale-ups, working closely with our portfolio to support their growth over time. We are firm believers of technical advancement as a means to improve patient outcomes and revolutionize healthcare. About Tenmile Tenmile is a health technology investment business that partners with early-stage companies to target unmet needs in healthcare and develop the Australian health commercialisation ecosystem. Launched in September 2022 with a $250m commitment we have team members in Perth, Sydney and New York. Health technology covers digital health, diagnostics, medical devices, tools, and therapeutics. Visit our website for more information: https://www.protonintelligence.com/ View source version on businesswire.com : https://www.businesswire.com/news/home/20241224844196/en/ CONTACT: Media Rory St Clair marketing@protonintel.com KEYWORD: AUSTRALIA/OCEANIA AUSTRALIA NORTH AMERICA CANADA INDUSTRY KEYWORD: CARDIOLOGY BIOTECHNOLOGY TECHNOLOGY MANAGED CARE HEALTH HEALTH TECHNOLOGY MEDICAL DEVICES RESEARCH SOFTWARE SCIENCE CLINICAL TRIALS SOURCE: Proton Intelligence Inc. Copyright Business Wire 2024. PUB: 12/24/2024 05:29 PM/DISC: 12/24/2024 05:29 PM http://www.businesswire.com/news/home/20241224844196/enChiefsAholic: A Wolf in Chiefs Clothing is now streaming. The true crime story, centered around infamous Kansas City Chiefs superfan and serial bank robber Xaviar Babudar , premiered on Prime Video on Tuesday (December 24). Here’s an official synopsis: “ ChiefsAholic: A Wolf in Chief’s Clothing is a true-crime documentary that follows the harrowing story of Kansas City Chiefs superfan and serial bank robber Xaviar Babudar —famously known as ‘ChiefsAholic.’ Recognized for his distinctive wolf costume and boisterous social media antics, Babudar rose to fame as one of Kansas City’s most fervent fans. However, a secret life came to light when he was arrested in Bixby, Oklahoma, unraveling a series of unsolved bank robberies committed across the Midwest. Through interviews granted by Babudar himself, ChiefsAholic: A Wolf in Chiefs Clothing explores critical moments in the events surrounding Babudar ’s initial arrest, and offers a firsthand perspective on his subsequent journey.” Keep reading to find out more... The film includes never-before-seen interview footage with Xavier Babudar after he is released on bail, and before he unexpectedly removed his ankle monitor and became a fugitive from the FBI. The move led to a four-month nationwide search to re-capture him, led by bail bondsman Michael Lloyd who had $80,000 of his own money at stake. Xavier would eventually be charged with the armed robbery of 11 financial institutions, stealing $847,725.00 across seven states. After a plea negotiation, he was sentenced to serve 17.5 years in federal prison with no possibility of parole and ordered to make restitution. Interview subjects include bail bondsman Michael Lloyd , defense attorneys Matthew Merryman and Frank Frazier , law enforcement officials, Payton Garcia , a credit union advisor accosted by Xavier during a holdup, as well as Chiefs Kingdom fans who embraced the ChiefsAholic character. Click here to watch it on Prime Video. Find out what TV shows just got renewed for 2025 on Prime Video. Watch the trailer...
NEW YORK, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Evolv Technologies Holdings, Inc. (“Evolv Technologies” or “the Company”) (NASDAQ: EVLV) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Evolv Technologies securities between August 19, 2022 and October 30, 2024 inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/EVLV. Case Details The Complaint alleges that on October 25, 2024, the Company announced that its financial statements issued between the second quarter of 2022 and the second quarter of 2024 should not be relied upon due to material misstatements impacting revenue recognition and other previously reported metrics that are a function of revenue. The Complaint adds that the Company revealed that “certain sales, including sales to one of its largest channel partners, were subject to extra-contractual terms and conditions” not shared with the Company’s accounting personnel “and that certain Company personnel engaged in misconduct in connection with those transactions,” and that the Company also announced that it “expects to report one or more additional material weaknesses in internal control over financial reporting,” was delaying filing its upcoming quarterly report for the third quarter of 2024, and that it has “self-reported these issues” to the Division of Enforcement of the SEC. Following this news, the price of Evolv stock declined roughly 40%, from $4.10 per share on October 24, 2024, to $2.47 per share on October 25, 2024. What’s Next? A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/EVLV. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660 . If you suffered a loss in Evolv Technologies you have until Dec. 31, 2024, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. There is No Cost to You We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful. Why Bronstein, Gewirtz & Grossman Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes. Contact Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Nathan Miller 332-239-2660 | info@bgandg.comLISBON, Portugal (AP) — The goals are flying in again for Arsenal — and it just happens to coincide with the return from injury of Martin Odegaard. Make that eight goals in two games since the international break for Arsenal after its 5-1 hammering of Sporting Lisbon in the Champions League on Tuesday, tying the English team’s heaviest ever away win in the competition. Odegaard is back in Arsenal’s team after missing two months with an ankle injury . In that time, Mikel Arteta’s attack stuttered, with a 2-0 loss to Bournemouth and a 1-0 defeat at Newcastle dropping the Gunners well off the pace in the Premier League. There was also a 0-0 draw at Atalanta in the Champions League as well as a 1-0 loss to Inter Milan last month, when Odegaard made his comeback from injury as an 89th-minute substitute. Since then, Arsenal hasn’t lost and the goals have returned. After a 3-0 win over Nottingham Forest on Saturday came the cruise in Lisbon — and Odegaard was at the heart of everything as Sporting’s unbeaten start to the season came to an end. “He’s an unbelievable player,” Arsenal winger Bukayo Saka said of Odegaard. “The day he returned, there was a big smile on my face. You can see the chemistry we have. I hope he stays fit for the rest of the season.” Odegaard was involved in the build-up to Arsenal’s first two goals against Sporting — scored by Gabriel Martinelli and Kai Havertz — and was fouled to win the penalty converted by Saka in the 65th to restore Arsenal’s three-goal lead at 4-1. Odegaard was seen flexing his leg after that but continued untroubled and was substituted in the 78th minute. The last thing Arteta would want now is another injury to Odegaard as Arsenal attempts to reel in first-place Liverpool in the Premier League. Liverpool is already nine points ahead of fourth-place Arsenal after 12 games. ___ AP soccer: https://apnews.com/hub/soccer The Associated Press
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