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LOS ANGELES--(BUSINESS WIRE)--Nov 25, 2024-- Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future,” “FF,” or “the Company”), a California-based global shared intelligent electric mobility ecosystem company, announced today that it plans to change its Nasdaq ticker symbol from “FFIE” to “FFAI” in early 2025. This change aligns with the Company’s continued focus on its AI strategy that includes its new FX brand strategy. Surveys conducted over the past year also consistently showed a preference for changing the ticker symbol from "FFIE" to "FFAI." The Company plans to announce the date and detailed plans for the official stock ticker symbol change and “FF AI Open Day” in January 2025. “Since its establishment, AI has been an FF cornerstone,” said Matthias Aydt, Global CEO of Faraday Future. “The stock ticker ‘FFAI’ better reflects the Company’s strategic direction. With FF’s AI technology empowering the FX strategy and the gradual implementation of this strategy, we aim to create AIEVs with extreme price-experience ratio, addressing gaps in the U.S. AIEV market, including AI cabins. Our goal is to drive the comprehensive AI transformation of the U.S. EV industry.” FF’s All-AI Technology Architecture to push the boundaries of AIEV Since its founding, FF has recognized that intelligent electric vehicles are not merely tools for transportation but dynamic, evolving “mobile robots.” FF has always believed that its foundation is in AI technologies. AI is at the core of the FF aiHyper 6x4 Architecture 2.0. By leveraging specialized large AI models in the mobility sector, FF AI aims to achieve complete AI integration through cross-domain computing, algorithms, and data, along with end-to-end full-chain integration. This enables a fully integrated AI-driven technology structure, where the four major AI engines empower the four technology systems and six technology platforms. Magic All-In-One AI Engine is powered by a multi-modal large model driven by visual language models (VLMs), aiming at integrating road pre-scanning, cloud data, and vehicle sensors to deliver the ultimate driving experience. Hyper Multi-Vectoring AI engine could leverage large AI models to enable AI-driven control of steering, braking, and power delivery, aiming to unleash the vehicle's Hyper performance through AI technology. The 3rd aiSpace AI Engine leverages proprietary large-scale models specifically designed for mobility, delivering comprehensive intelligent services by seamlessly integrating end-to-end computation, algorithms, and cross-domain data. FF aiDriving AI Engine utilizes a large VLM to achieve deep integration of vision, language, speech, and historical data to make every journey safe, intelligent, and enjoyable. By integrating data from the mobility ecosystem and incorporating third-party general-purpose large models alongside proprietary large-scale models tailored for mobility, the FF AI platform aims to push the boundaries of AIEV technologies and pave the way for an open, collaborative, and mutually beneficial future mobility ecosystem. The FX strategy presents an excellent opportunity for the application and evolution of the Company’s AI strategy. FF’s AI capabilities are planned to empower the FX brand through iterative innovation, enabling AI to consistently redefine the mobility experience. Comprehensive AI Strategy Could Deliver Multi-Dimensional Value for Users, Partners and Industry FF’s AI strategy includes introducing new revenue streams, such as in-vehicle subscriptions and AI-driven value-added services. These innovations could also enhance user loyalty and recognition. For users, FF and FX products could act as “intelligent partners,” with product design centered on natural interaction methods, including voice and gesture controls. These features would deliver intuitive, seamless interactions that continuously improve through learning, offering personalized AI experiences. Through its “AI-First” approach and co-creation ecosystem, FF is driving the evolution of cars from traditional vehicles to intelligent mobile devices, setting new benchmarks for future smart vehicles. By fostering collaboration with global developers and AI experts, FF aims to propel industry-wide innovation, benefiting the sector and its partners. ABOUT FARADAY FUTURE Faraday Future is the pioneer of the Ultimate AI TechLuxury ultra spire market in the intelligent EV era, and the disruptor of the traditional ultra-luxury car civilization epitomized by Ferrari and Maybach. FF is not just an EV Company, but also a software-driven intelligent internet Company. Ultimately FF aims to become a User Company by offering a shared intelligent mobility ecosystem. FF remains dedicated to advancing electric vehicle technology to meet the evolving needs and preferences of users worldwide, driven by a pursuit of intelligent and AI-driven mobility. FORWARD LOOKING STATEMENTS This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding changing the Company’s ticker symbol, hosting an AI open day event, and full integration of AI in the Company’s vehicles, are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include, among others: the Company may determine to not change its ticker symbol; the Company may determine to not host an AI open day event; the Company’s ability to fully integrate AI into its vehicles on a cost effective basis, if at all; the Company’s ability to secure the necessary funding to execute on the FX strategy, which will be substantial; the Company’s ability to secure additional agreements with OEMs that are necessary to execute on the FX strategy; the Company’s ability to continue as a going concern and improve its liquidity and financial position; the Company’s ability to pay its outstanding obligations; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company’s limited operating history and the significant barriers to growth it faces; the Company’s history of losses and expectation of continued losses; the success of the Company’s payroll expense reduction plan; the Company’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company’s estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company’s vehicles; the Company’s ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company’s vehicles; current and potential litigation involving the Company; the Company’s ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company’s indebtedness; the Company’s ability to cover future warranty claims; the Company’s ability to use its “at-the-market” program; insurance coverage; general economic and market conditions impacting demand for the Company’s products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company’s dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company’s stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s Form 10-K filed with the SEC on May 28, 2024, as amended on May 30, 2024, and June 24, 2024, as updated by the “Risk Factors” section of the Company’s first quarter 2024 Form 10-Q filed with the SEC on July 30, 2024, and other documents filed by the Company from time to time with the SEC. View source version on businesswire.com : https://www.businesswire.com/news/home/20241125391240/en/ Investors (English):ir@faradayfuture.comInvestors (Chinese):cn-ir@faradayfuture.comMedia:john.schilling@ff.com KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SOFTWARE VEHICLE TECHNOLOGY MOBILE/WIRELESS EV/ELECTRIC VEHICLES INTERNET DATA MANAGEMENT ALTERNATIVE VEHICLES/FUELS IOT (INTERNET OF THINGS) TECHNOLOGY AUTOMOTIVE ARTIFICIAL INTELLIGENCE AUTOMOTIVE MANUFACTURING MANUFACTURING SOURCE: Faraday Future Intelligent Electric Inc. Copyright Business Wire 2024. PUB: 11/25/2024 05:02 PM/DISC: 11/25/2024 05:01 PM http://www.businesswire.com/news/home/20241125391240/en Copyright Business Wire 2024.ATLANTA — On Jan. 18 and 19 the AT&T Playoff Playlist Live! will be held at State Farm Arena in advance of the College Football Playoff national championship on Jan. 20. The star-studded lineup was announced Thursday at a news conference at Mercedes-Benz Stadium. Performances will include Lil Wayne and GloRilla on Saturday; and Camila Cabello, Myles Smith and Knox on Sunday. On game day, the Allstate Championship Tailgate, taking place just outside Mercedes-Benz Stadium in the Home Depot Backyard, will feature country acts on the Capital One Music Stage, including global superstar Kane Brown and iHeartCountry “On The Verge” artist Ashley Cooke. The concerts are just two of the festivities visiting fans can enjoy in the days leading up to the big game. The fan experience for both ticket holders and the general public has been a focus for event planners. All weekend long, an estimated 100,000 people from across the country are expected to attend fan events preceding kickoff. “It will be an opportunity for fans of all ages to come together to sample what college football is all about, and you don’t have to have a ticket to the game to be a part of it,” said Bill Hancock, executive director of the CFP in a press release. “We’ve worked closely with the Atlanta Football Host Committee to develop fan-friendly events that thousands will enjoy come January.” On Saturday, Jan. 18, Playoff Fan Central will open at the Georgia World Congress Center in downtown Atlanta. The free, family-friendly experience will include games, clinics, pep rallies, special guest appearances, autograph signings and exhibits celebrating college football and its history. That day, fans can also attend Media Day, presented by Great Clips, which will feature one-hour sessions with student-athletes and coaches from each of the College Football Playoff national championship participating teams. ESPN and social media giants X, Facebook, Instagram and TikTok will be taping live broadcasts from the event. On Sunday, Jan. 19, the Trophy Trot, both a 5K and 10K race, will wind its way through the streets of downtown Atlanta. Each Trophy Trot participant will receive a T-shirt and finisher’s medal. Participants can register at atlantatrackclub.org . On Sunday evening, the Georgia Aquarium will host the Taste of the Championship dining event, which offers attendees the opportunity to indulge in food and drink prepared by local Atlanta chefs. This premium experience serves as an elevated exploration of local cuisine on the eve of the national championship. Tickets to the Taste of the Championship event are available on etix.com . Atlanta is the first city ever to repeat as host for the CFP national championship. The playoff was previously held in Atlanta in 2018. “We are honored to be the first city to repeat as host for the CFP national championship and look forward to welcoming college football fans from around the country in January,” said Dan Corso, president of the Atlanta Sports Council and Atlanta Football Host Committee. “This event gives us another opportunity to showcase our incredible city.” The College Football Playoff is the event that crowns the national champion in college football. The quarterfinals and semifinals rotate annually among six bowl games — the Goodyear Cotton Bowl Classic, Vrbo Fiesta Bowl, Capital One Orange Bowl, Chick-fil-A Peach Bowl, Rose Bowl Game presented by Prudential and the Allstate Sugar Bowl. This year’s quarterfinals will take place on Dec. 31, 2024 and Jan. 1, 2025, while the semifinals will be Jan. 9-10, 2025. The CFP national championship will be Monday, Jan. 20, 2025, at Mercedes-Benz Stadium. For additional information on the College Football Playoff, visit CollegeFootballPlayoff.com . Get local news delivered to your inbox!
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MADISON, Wis. — Vladislav Goldin scored a career-high 24 points — including three straight baskets inside down the stretch — and Michigan defeated No. 11 Wisconsin 67-64 on Tuesday night in the Big Ten opener for both teams. Michigan (7-1, 1-0) won its sixth straight and handed Wisconsin (8-1, 0-1) its first loss of the season. Goldin, a 7-foot-1 graduate student who followed new Michigan coach Dusty May from Florida Atlantic, scored 17 points after halftime and put the Wolverines ahead for good on a layup with 1:35 left. Danny Wolf added 21 points, seven rebounds, five assists, five blocks and three steals for Michigan. John Tonje scored 18 and John Blackwell 16 for Wisconsin. Wisconsin’s Max Klesmit missed three shots in the last 73 seconds that would have tied the game or put the Badgers ahead. Michigan led 67-64 when Goldin missed the front end of a one-and-one with 2.6 seconds left. Tonje got about one-third of the way up the court before firing a desperation shot that bounced off the back rim at the buzzer. Takeaways Michigan: The Wolverines withstood a scoreless performance from Tre Donaldson, who had been averaging a team-high 13 points per game. After shooting just 7 of 33 from the floor in the first half, Michigan was 16 of 26 in the second half. Michigan guard Nimari Burnett (4) scores a 3-point basket during the first half of an NCAA college basketball game against Wisconsin, Tuesday, Dec. 3, 2024, in Madison, Wis. Credit: AP/Kayla Wolf Wisconsin: The Badgers shot only 34.4% from the floor. They also made just 73.7% of their free throws (14 of 19). Wisconsin entered the night shooting a Division I-best 86.4% on free throws. Key moment Goldin took over the game in the closing minutes. His dunk cut Wisconsin's lead to 64-63 with 2:23 left. After a steal by Michigan's Nimari Burnett, Roddy Gayle Jr. found Goldin for a lay-in that put the Wolverines ahead. Goldin capped his personal 6-0 run by making a hook shot with 22.9 seconds remaining. Key stats Michigan blocked 11 shots. This was its first game with at least 10 blocks since Nov. 23, 2022, when the Wolverines had 13 against Jackson State. Up next Both teams play again Saturday, with Michigan hosting Iowa, and Wisconsin visiting No. 5 Marquette.Animal Healthcare Market Next Big Thing | Big Giants Elanco, Bayer, Phibro Animal Health 12-14-2024 12:39 PM CET | Health & Medicine Press release from: HTF Market Intelligence Consulting Private Limited HTF MI recently introduced Global Animal Healthcare Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence. Some key players from the complete study are Zoetis, Merck, Boehringer Ingelheim, Elanco, Bayer, Ceva Sante Animale, Virbac, IDEXX, Phibro Animal Health, Cargill, Aratana Therapeutics, Animalcare Group, Vetoquinol, Novartis, Eli Lilly. Download Sample Report PDF (Including Full TOC, Table & Figures) 👉 https://www.htfmarketreport.com/sample-report/3318171-animal-healthcare-market-1?utm_source=Altab_OpenPR&utm_id=Altab According to HTF Market Intelligence, the Global Animal Healthcare market is expected to grow from 40 Billion USD in 2024 to 65 Billion USD by 2032, with a CAGR of 8.3% from 2024 to 2032. The Animal Healthcare market is segmented by Types (Anti-parasitic Drugs, Antibiotics, Vaccines, Hormonal Drugs), Application (Livestock, Companion Animals, Poultry, Aquaculture) and by Geography (North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA). Definition: Animal healthcare encompasses the medications, vaccines, diagnostics, and treatments used to prevent or treat diseases in animals. The market is driven by the growing demand for pet healthcare, increased livestock production, and rising awareness about animal welfare. Trends include technological advancements in veterinary diagnostics and treatments, the rise of organic and natural products, and the increasing use of biotechnology in animal care. Challenges include regulatory hurdles, the high cost of veterinary care, and concerns over animal health and welfare. Dominating Region: • North America Fastest-Growing Region: • Asia-Pacific Have a query? Market an enquiry before purchase 👉 https://www.htfmarketreport.com/enquiry-before-buy/3318171-animal-healthcare-market-1?utm_source=Altab_OpenPR&utm_id=Altab The titled segments and sub-section of the market are illuminated below: In-depth analysis of Animal Healthcare market segments by Types: Anti-parasitic Drugs, Antibiotics, Vaccines, Hormonal Drugs Detailed analysis of Tank Container Shipping market segments by Applications: Livestock, Companion Animals, Poultry, Aquaculture Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions: • The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.) • North America (United States, Mexico & Canada) • South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.) • Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.) • Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia). Buy Now Latest Edition of Animal Healthcare Market Report 👉 https://www.htfmarketreport.com/buy-now?format=1&report=3318171?utm_source=Altab_OpenPR&utm_id=Altab Animal Healthcare Market Research Objectives: - Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years. - To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks). - To analyze the with respect to individual future prospects, growth trends and their involvement to the total market. - To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market. - To deliberately profile the key players and systematically examine their growth strategies. FIVE FORCES & PESTLE ANALYSIS: In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry. • Political (Political policy and stability as well as trade, fiscal, and taxation policies) • Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates) • Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles) • Technological (Changes in digital or mobile technology, automation, research, and development) • Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions) • Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability) Get 10-25% Discount on Immediate purchase 👉 https://www.htfmarketreport.com/request-discount/3318171-animal-healthcare-market-1?utm_source=Altab_OpenPR&utm_id=Altab Points Covered in Table of Content of Global Animal Healthcare Market: Chapter 01 - Animal Healthcare Executive Summary Chapter 02 - Market Overview Chapter 03 - Key Success Factors Chapter 04 - Global Animal Healthcare Market - Pricing Analysis Chapter 05 - Global Animal Healthcare Market Background or History Chapter 06 - Global Animal Healthcare Market Segmentation (e.g. Type, Application) Chapter 07 - Key and Emerging Countries Analysis Worldwide Animal Healthcare Market Chapter 08 - Global Animal Healthcare Market Structure & worth Analysis Chapter 09 - Global Animal Healthcare Market Competitive Analysis & Challenges Chapter 10 - Assumptions and Acronyms Chapter 11 - Animal Healthcare Market Research Methodology Key questions answered • How Global Animal Healthcare Market growth & size is changing in next few years? • Who are the Leading players and what are their futuristic plans in the Global Animal Healthcare market? • What are the key concerns of the 5-forces analysis of the Global Animal Healthcare market? • What are the strengths and weaknesses of the key vendors? • What are the different prospects and threats faced by the dealers in the Global Animal Healthcare market? Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, LATAM, Europe, Japan, Australia or Southeast Asia. Contact Us: Nidhi Bhawsar (PR & Marketing Manager) HTF Market Intelligence Consulting Private Limited Phone: +15075562445 sales@htfmarketintelligence.com Connect with us on LinkedIn | Facebook | Twitter About Author: HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to empower businesses with growth strategies. We offer services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making. This release was published on openPR.Hensley 4-14 5-6 15, Massey 2-4 0-0 4, Davis 5-13 4-6 16, Dibba 4-11 4-4 12, Mayo 1-7 0-0 2, Sharp 3-6 1-1 7, Aligbe 4-5 1-2 9, Sykes 3-6 0-3 7, Steffe 2-5 1-2 7. Totals 28-71 16-24 79. 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Zines, or self-published mini-magazines, are giving a voice to the voiceless across Africa . This article delves into the world of African zine culture, highlighting its diversity, struggles, and influence. These zines, through art and politics, are testaments to the continent's creativity and resilience. They offer a vital space for artists and writers to freely express themselves, shedding light on the dynamic world of African zine culture. A canvas for underground artists In African countries where traditional media is heavily censored or state-controlled, zines offer artists and writers a precious platform for unfettered expression. These modest publications, often crafted with limited resources, hold potent messages of resistance, identity, and community. They are a refuge for underground artists, a secret stage where they can perform their rebellious acts of creativity without the chilling shadow of censorship or reprisal. Bridging communities African zines are more than just art; they're about community. They act as a bridge, connecting communities within the continent and the diaspora. Through the stories, illustrations, and photographs shared in zines, readers from different backgrounds can find common ground and understanding. This communal aspect of zine culture is particularly important, fostering a sense of belonging for individuals who might otherwise feel isolated or marginalized. The digital revolution Although traditional print zines hold a certain charm, the rise of digital platforms has breathed fresh life into African zine culture. Online zines offer the advantage of reaching a broader audience without the hassle of physical distribution. This shift empowers creators to engage global audiences more effectively, experiment with cutting-edge formats blending text, video, and interactive graphics, and ultimately create a more immersive experience for the reader. Challenges and sustainability African zine makers, while gaining recognition, often struggle with limited printing resources and financial hurdles. Many have embraced these limitations, transforming them into unique opportunities for creativity. They use recycled materials or digital formats to cut costs. Crowdfunding campaigns have emerged as a go-to method for raising the necessary funds for their creative endeavors. Tips for aspiring zine creators Kickstart your zine with content that reflects your personal experiences and interests. Leverage Instagram for connecting with like-minded creators and fostering collaborative relationships. Choose cost-effective printing options or digital formats to keep expenses manageable. Collaborate with local artists and writers to tap into their established audiences and cultivate a sense of community. Stay authentic, allowing your distinctive voice to shape your work.Kyrgyzstan Promotes Joint Global Efforts to Address Mountain Degradation, Climate Change: Envoy
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has been sued by investors who claim that the media conglomerate lied about potential fallout from its loss of rights. A proposed class action, filed in New York federal court on Monday, accuses WBD of mischaracterizing the impact that losing rights to regular and postseason games for its TNT network would have on its business. In August, a month after the NBA officially rejected WBD’s offer to match the rights package that it cut with Amazon, the company $9.1 billion goodwill impairment charge related to the depreciation of its TV networks, which accounts for its failure to renew its deal with the league. The company’s stock fell by nearly nine percent in after-hours trading the day the announcement was made. TNT has been a broadcast partner with the NBA since 1988, paying an annual average fee of $1.2 billion under its existing agreement with the league. Earlier this year, the NBA entered into discussions with various partners for a new round of deals after WBD failed to reach a new contract within its exclusive negotiating window. In July, the NBA announced a trio of blockbuster TV and streaming rights packages with Disney, NBCUniversal and Amazon. The lawsuit takes issue with WBD’s failure to disclose that the loss of NBA rights were likely to cause the company to significantly reevaluate its business, reflected in the massive impairment charge. It points to optimistic statements about WBD’s prospects this year from chief executive David Zaslav, who said in a February earnings calls that the company is “now on solid footing with a clear pathway to growth” and is “confident in its ability to drive sustained operating momentum and enhanced shareholder value.” In regard to the state of negotiations with the NBA at the time, he said discussions were “constructive and productive.” When an analyst noted the positive news, WBD chief financial officer Gunnar Wiedenfels responded, “It’s very easy to lose control over sports rights investments,” the lawsuit says. He added, “That’s not what we do. We’re going — we know exactly what value we assign and we stay disciplined during our discussions.” Investors take aim at “boilerplate” representations regarding WBD’s investments in securing licenses for sports programming in its impairment analysts last year. The company stated that its ability to obtain the licenses “will not have a material adverse effect on our business, financial condition or results of operations” while downplaying the risk of impairment charges, according to the complaint. “Plainly, the foregoing risk warning was a generic, catch-all provision that was not tailored to WBD’s actual known risks regarding its sports rights negotiations with the NBA,” states the lawsuit. In May, after WBD’s exclusive sports rights negotiating window with the NBA expired without a deal, Zaslav in an earnings call touted the company’s decades-long partnership with the league and its rights to match any competing offers. The lawsuit targets WBD neglecting to disclose in financial filings the increased risk of recording billions of dollars in impairment charges if it were to lose NBA rights. When WBD reported its second quarter earnings in August, Wiedenfels pointed to “sports right discussion like the one with the NBA” as a “triggering event” for the reevaluation of the company’s business. He explained, “That’s what then leads to evaluation, which in the second quarter happened to be $9.1 billion below what was on the books for the network segment.” To pursue the lawsuit, investors must prove that the defendants, who include Zaslav and Wiedenfels, knew that their statements were misleading or were acting in reckless disregard of the information known to them at the time. WBD didn’t immediately respond to a request for comment. In July, WBD sued the NBA in New York state court after the league refused to accept the company’s matching offer for one of the packages in its new 11-year media rights deal. As part of a , reached earlier this month, will appear on ESPN and ABC beginning next season. TNT Sports will continue to produce the show, with the quartet of Ernie Johnson Jr., Charles Barkley, Kenny Smith and Shaquille O’Neal expected to remain. THR Newsletters Sign up for THR news straight to your inbox every day More from The Hollywood ReporterBaijiayun was honored with the title of "Exclusive Member Unit" by the Beijing Educational Informationization Industry Alliance.None
AP Sports SummaryBrief at 4:56 p.m. ESTMemphis fights off No. 2 UConn in OT in Maui Invitational thrillerPHILADELPHIA — Patients addicted to opioids are arriving at ERs with deep wounds that expose their bones. Some have lost multiple limbs. And many ultimately are leaving hospitals against medical advice, with severe, untreated skin lesions, insisting they can’t bear the withdrawal from tranq — the drug that caused their wounds in the first place. Those were among the stories shared by doctors from Philadelphia’s major health systems as they compared notes for the first time on the medical consequences of tranq — the street term for xylazine, an animal tranquilizer that has exploded across the city’s illicit opioid supply. At a weekend symposium hosted at Thomas Jefferson University by Rothman Orthopedics and the Foundation for Opioid Research and Education, physicians outlined the patient cases they’d seen and the limited research on how xylazine affects the body. “This has really changed the dynamic of the opioid crisis,” said Asif Ilyas, an orthopedic surgeon at Rothman who helped organize the event. “And Philadelphia is the front line.” For the last several years, doctors in Philadelphia have been increasingly treating wounds caused by xylazine. Never approved for human use, it is now present in nearly all of the illicit opioids sold in the city . Health officials believe it was initially added to fentanyl to provide a longer-lasting high . Xylazine also appears to cause severe skin lesions. At Saturday’s symposium, doctors said that it’s believed the drug is toxic to skin cells and may also constrict blood vessels, slowing the circulation of oxygen in the body and making wounds slower to heal. Doctors who spoke stressed the importance of collaboration to help patients requiring care that goes beyond simply treating a serious wound. “Wounds are a symptom of the disease; not the disease itself,” said Jason Wink, a plastic surgeon at Penn Medicine. Doctors working with tranq wounds must also address their patients’ addiction: “It is a disease like any other disease,” Rachel Haroz, head of Cooper University Hospital’s toxicology and addiction medicine division, told her colleagues from other specialties. Of particular concern are patients with wounds who leave against medical advice before their treatment is complete. Sometimes, that’s because doctors haven’t adequately treated their withdrawal symptoms . Avoiding wound treatment can have serious consequences. Katherine Woozley, the head of Cooper’s orthopedic hand and nerve surgery division, spoke about a man who had arrived at Cooper with a wound that covered much of his forearm, and a host of other medical issues, including endocarditis, an infection of the heart valves often seen among people who inject their drugs . The man ultimately left the hospital against medical advice, only to come back a year later with his arm missing below his shoulder, and a section of bone exposed. He told doctors the arm had fallen off on its own about six months before. Woozley didn’t say why that man had originally left the hospital, but stressed that surgeons treating tranq wounds must work closely with addiction specialists and other social support services to give patients a better shot at healing. At Temple University Hospital, doctors are seeing success with synthetic skin coverings that can protect a wound for up to a year, allowing it to heal even if a patient isn’t ready to quit using drugs. Lisa Rae, Temple’s chief of burn surgery, said her goal is to decrease patients’ risk of amputation. She spoke of a patient with a wound that had exposed the joints in their wrist, who kept leaving the hospital and was continuing to inject drugs. Doctors covered the wound with synthetic skin and, earlier this year, the person entered recovery. At a recent follow-up, the wound was almost healed, Rae said. “Don’t give up on wound care ,” Rae said. “People are trying. This gives them time to find their way out.” Other surgeons spoke about navigating treatment for patients with wounds so severe they can no longer use their limb. Wink, the Penn plastic surgeon, recalled a woman who had not used drugs for three months, but still dealt with a serious wound on her forearm. She told doctors she wanted to save the limb, but ultimately felt relief when it had to be amputated. “Amputation can remove the burden of wounds from a patient,” Wink said, urging careful consultations with patients, their families and other doctors before proceeding with a life-changing surgery. Doctors at Saturday’s symposium said they’re beginning to develop comprehensive recommendations for classifying and treating tranq wounds. Earlier this year, Philadelphia health officials also released guidelines on wound treatment. And addiction medicine experts stressed that hospitals must also emphasize follow-up care for patients who use xylazine, ensuring that patients have adequate medication, wound-care supplies, and connections to social services when they leave the hospital. Ilyas said he was pleased that the first-of-its-kind symposium had brought together so many doctors with different perspectives and areas of expertise. “This is not a problem managed by just surgery,” he said. In the early days of the crisis, he said, “we weren’t managing the problem in front of us, which is fundamentally addiction. And this type of wound crosses multiple surgical specialties — orthopedic, burn, plastic, general. Most of us have never trained on these injuries, so it’s important to exchange notes.” ©2024 The Philadelphia Inquirer. Visit inquirer.com . Distributed by Tribune Content Agency, LLC.
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