Shares of Nvidia fell Monday after China said it is investigating the high-flying U.S. microchip company over suspected violations of Chinese anti-monopoly laws. In a brief news release with few details, Chinese regulators appear to be focusing on Nvidia's $6.9 billion acquisition of network and data transmission company Mellanox in 2019. Nvidia shares about 3% Monday. They are still up 179% so far this year. Considered a bellwether for artificial intelligence demand, Nvidia has led the AI sector to become one of the stock market’s biggest companies , as tech giants spend heavily on the company’s chips and data centers needed to train and operate their AI systems. Nvidia's shares have surged this year along with the California company's revenue and profit due to AI demand. According to data firm FactSet, about 16% of Nvidia's revenue comes from China, second only to its U.S.-generated revenue. A spokesperson for the company based in Santa Clara, California, said in an emailed statement that Nvidia is “happy to answer any questions regulators may have about our business.” In its most recent earnings release, Nvidia posted revenue of $35.08 billion, up 94% from $18.12 billion a year ago. Nvidia earned $19.31 billion in the quarter, more than double the $9.24 billion it posted in last year’s third quarter. The earnings release did not break out revenue from China. The company's market value rocketed to $3.5 trillion recently, passing Microsoft and briefly overtaking Apple as the world's most valuable company. China’s antitrust investigation follows a report this summer by technology news site The Information that the U.S. Justice Department was investigating complaints from rivals that Nvidia was abusing its market dominance in the chip sector. The allegations reported include Nvidia threatening to punish those who buy products from both itself and its competitors at the same time. David Bieri, an international finance expert at Virginia Tech, said that China’s investigation is “not about what Nvidia is doing in China, per se” but rather a signal to the incoming Trump administration. China, Bieri said, is looking to set the tone of future relations. The Chinese government, he said, is telling the U.S. “don’t mess with us, because all of your darling corporations that your version of capitalism needs to prosper have entanglements” with China. Nvidia will have to revise its strategy in China or come up with provisions in their budgets for the type of uncertainty business with China will bring, Bieri said. “I don’t think this is something that they can shake off,” he said. “I also have a tremendous amount of faith in the brilliance of the management strategy of a corporation like Nvidia to not only pay attention to credit risk, market risk and operational risk, but also to political risk.” Nvidia’s invention of graphics processor chips, or GPUs, in 1999 helped spark the growth of the PC gaming market and redefined computer graphics. Last month, it replaced Intel on the Dow Jones Industrial Average, ending the pioneering semiconductor company's 25-year run on the index. Unlike Intel, Nvidia designs but doesn’t manufacture its own chips, relying heavily on Taiwan Semiconductor Manufacturing Co., an Intel rival. Associated Press Technology Writer Sarah Parvini in Los Angeles contributed to this report.NoneBy ALEXANDRA OLSON and CATHY BUSSEWITZ NEW YORK (AP) — Walmart’s sweeping rollback of its diversity policies is the strongest indication yet of a profound shift taking hold at U.S. companies that are revaluating the legal and political risks associated with bold programs to bolster historically underrepresented groups in business. The changes announced by the world’s biggest retailer followed a string of legal victories by conservative groups that have filed an onslaught of lawsuits challenging corporate and federal programs aimed at elevating minority and women-owned businesses and employees. The risk associated with some of programs crystalized with the election of former President Donald Trump, whose administration is certain to make dismantling diversity, equity and inclusion programs a priority. Trump’s incoming deputy chief of policy will be his former adviser Stephen Miller , who leads a group called America First Legal that has aggressively challenged corporate DEI policies. “There has been a lot of reassessment of risk looking at programs that could be deemed to constitute reverse discrimination,” said Allan Schweyer, principal researcher the Human Capital Center at the Conference Board. “This is another domino to fall and it is a rather large domino,” he added. Among other changes, Walmart said it will no longer give priority treatment to suppliers owned by women or minorities. The company also will not renew a five-year commitment for a racial equity center set up in 2020 after the police killing of George Floyd. And it pulled out of a prominent gay rights index . Schweyer said the biggest trigger for companies making such changes is simply a reassessment of their legal risk exposure, which began after U.S. Supreme Court’s ruling in June 2023 that ended affirmative action in college admissions. Since then, conservative groups using similar arguments have secured court victories against various diversity programs, especially those that steer contracts to minority or women-owned businesses. Most recently, the conservative Wisconsin Institute for Law & Liberty won a victory in a case against the U.S. Department of Transportation over its use of a program that gives priority to minority-owned businesses when it awards contracts. Companies are seeing a big legal risk in continuing with DEI efforts, said Dan Lennington, a deputy counsel at the institute. His organization says it has identified more than 60 programs in the federal government that it considers discriminatory, he said. “We have a legal landscape within the entire federal government, all three branches — the U.S. Supreme Court, the Congress and the President — are all now firmly pointed in the direction towards equality of individuals and individualized treatment of all Americans, instead of diversity, equity and inclusion treating people as members of racial groups,” Lennington said. The Trump administration is also likely to take direct aim at DEI initiatives through executive orders and other policies that affect private companies, especially federal contractors. “The impact of the election on DEI policies is huge. It can’t be overstated,” said Jason Schwartz, co-chair of the Labor & Employment Practice Group at law firm Gibson Dunn. With Miller returning to the White House, rolling back DEI initiatives is likely to be a priority, Schwartz said. “Companies are trying to strike the right balance to make clear they’ve got an inclusive workplace where everyone is welcome, and they want to get the best talent, while at the same time trying not to alienate various parts of their employees and customer base who might feel one way or the other. It’s a virtually impossible dilemma,” Schwartz said. A recent survey by Pew Research Center showed that workers are divided on the merits of DEI policies. While still broadly popular, the share of workers who said focusing on workplace diversity was mostly a good thing fell to 52% in the November survey, compared to 56% in a similar survey in February 2023. Rachel Minkin, a research associated at Pew called it a small but significant shift in short amount of time. There will be more companies pulling back from their DEI policies, but it likely won’t be a retreat across the board, said David Glasgow, executive director of the Meltzer Center for Diversity, Inclusion and Belonging at New York University. “There are vastly more companies that are sticking with DEI,” Glasgow said. “The only reason you don’t hear about it is most of them are doing it by stealth. They’re putting their heads down and doing DEI work and hoping not to attract attention.” Glasgow advises organizations to stick to their own core values, because attitudes toward the topic can change quickly in the span of four years. “It’s going to leave them looking a little bit weak if there’s a kind of flip-flopping, depending on whichever direction the political winds are blowing,” he said. One reason DEI programs exist is because without those programs, companies may be vulnerable to lawsuits for traditional discrimination. “Really think carefully about the risks in all directions on this topic,” Glasgow said. Walmart confirmed will no longer consider race and gender as a litmus test to improve diversity when it offers supplier contracts. Last fiscal year, Walmart said it spent more than $13 billion on minority, women or veteran-owned good and service suppliers. It was unclear how its relationships with such business would change going forward. Organizations that that have partnered with Walmart on its diversity initiatives offered a cautious response. The Women’s Business Enterprise National Council, a non-profit that last year named Walmart one of America’s top corporation for women-owned enterprises, said it was still evaluating the impact of Walmart’s announcement. Pamela Prince-Eason, the president and CEO of the organization, said she hoped Walmart’s need to cater to its diverse customer base will continue to drive contracts to women-owned suppliers even if the company no longer has explicit dollar goals. “I suspect Walmart will continue to have one of the most inclusive supply chains in the World,” Prince-Eason wrote. “Any retailer’s ability to serve the communities they operate in will continue to value understanding their customers, (many of which are women), in order to better provide products and services desired and no one understands customers better than Walmart.” Related Articles National News | Ex-FBI informant accused of lying about the Bidens is indicted on federal tax charges National News | Bird flu virus was found in raw milk. What to know about the risks National News | Ransomware attack on software supplier disrupts operations for Starbucks and other retailers National News | Man found guilty of holding down teen while he was raped at a youth center in 1998 National News | What Black Friday’s history tells us about holiday shopping in 2024 Walmart’s announcement came after the company spoke directly with conservative political commentator and activist Robby Starbuck, who has been going after corporate DEI policies, calling out individual companies on the social media platform X. Several of those companies have subsequently announced that they are pulling back their initiatives, including Ford , Harley-Davidson, Lowe’s and Tractor Supply . Walmart confirmed to The Associated Press that it will better monitor its third-party marketplace items to make sure they don’t feature sexual and transgender products aimed at minors. The company also will stop participating in the Human Rights Campaign’s annual benchmark index that measures workplace inclusion for LGBTQ+ employees. A Walmart spokesperson added that some of the changes were already in progress and not as a result of conversations that it had with Starbuck. RaShawn “Shawnie” Hawkins, senior director of the HRC Foundation’s Workplace Equality Program, said companies that “abandon” their commitments workplace inclusion policies “are shirking their responsibility to their employees, consumers, and shareholders.” She said the buying power of LGBTQ customers is powerful and noted that the index will have record participation of more than 1,400 companies in 2025.
Nathan Ake calls on Man City to show character after latest setback
Q2 GAAP Earnings per Share up 24% to , Non-GAAP Earnings per Share up 10% to Q2 Total Revenue , up 9% in both USD and constant currency Q2 Total Remaining Performance Obligations , up 49% in USD & 50% in constant currency Q2 Cloud Revenue (IaaS plus SaaS) , up 24% in both USD and constant currency Q2 Cloud Infrastructure (IaaS) Revenue , up 52% in both USD and constant currency Q2 Cloud Application (SaaS) Revenue , up 10% in both USD and constant currency Q2 Fusion Cloud ERP (SaaS) Revenue , up 18% in both USD and constant currency Q2 NetSuite Cloud ERP (SaaS) Revenue , up 20% in USD and 19% in constant currency , /PRNewswire/ -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2025 Q2 results. Total quarterly revenues were up 9% year-over-year, in both USD and constant currency, to . Cloud services and license support revenues were up 12% year-over-year, in both USD and constant currency, to . Cloud license and on-premise license revenues were up 1% in USD and up 3% in constant currency, to . Q2 GAAP operating income was . Non-GAAP operating income was , up 10% in both USD and constant currency. GAAP operating margin was 30%, and non-GAAP operating margin was 43%. GAAP net income was . Non-GAAP net income was , up 12% in both USD and constant currency. Q2 GAAP earnings per share was , up 24% in USD and up 23% in constant currency, while non-GAAP earnings per share was , up 10% in both USD and constant currency. Short-term deferred revenues were . Over the last twelve months, operating cash flow was and free cash flow was . "Record level AI demand drove Oracle Cloud Infrastructure revenue up 52% in Q2, a much higher growth rate than any of our hyperscale cloud infrastructure competitors," said Oracle CEO, . "Growth in the AI segment of our Infrastructure business was extraordinary—GPU consumption was up 336% in the quarter—and we delivered the world's largest and fastest AI SuperComputer scaling up to 65,000 NVIDIA H200 GPUs. With our remaining performance obligation (RPO) up 50% to , we believe our already impressive growth rates will continue to climb even higher. This fiscal year, total Oracle Cloud revenue should top ." "Oracle Cloud Infrastructure trains several of the world's most important generative AI models because we are faster and less expensive than other clouds," said Oracle Chairman and CTO, . "And we just signed an agreement with Meta—for them to use Oracle's AI Cloud Infrastructure—and collaborate with Oracle on the development of AI Agents based on Meta's Llama models. The Oracle Cloud trains dozens of specialized AI models and embeds hundreds of AI Agents in cloud applications. For example, Oracle's AI Agents automate drug design, image and genomic analysis for cancer diagnostics, audio updates to electronic health records for patient care, satellite image analysis to predict and improve agricultural output, fraud and money laundering detection, dual-factor biometric computer logins, and real time video weapons detection in schools. Oracle trained AI models and AI Agents will improve the rate of scientific discovery, economic development and corporate growth throughout the world. The scale of the opportunity is unimaginable." The board of directors declared a quarterly cash dividend of per share of outstanding common stock. This dividend will be paid to stockholders of record as of the close of business on , with a payment date of . A sample list of customers which purchased Oracle Cloud services during the quarter will be available at . A list of recent technical innovations and announcements is available at . To learn what industry analysts have been saying about Oracle's products and services see . Oracle will hold a conference call and webcast today to discuss these results at Central. A live and replay webcast will be available on the Oracle Investor Relations website at . Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at . Oracle, Java, MySQL, and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing. Statements in this press release relating to future plans, expectations, beliefs, intentions and prospects, including the expectations for converting the Remaining Performance Obligations to revenue, future total Oracle Cloud revenue this fiscal year and the scale of opportunity for Oracle trained AI models and AI Agents, are "forward-looking statements" and are subject to material risks and uncertainties. Risks and uncertainties that could affect our current expectations and our actual results, include, among others: our ability to develop new products and services, integrate acquired products and services and enhance our existing products and services, including our AI products; our management of complex cloud and hardware offerings, including the sourcing of technologies and technology components; our ability to secure data center capacity; significant coding, manufacturing or configuration errors in our offerings; risks associated with acquisitions; economic, political and market conditions; information technology system failures, privacy and data security concerns; cybersecurity breaches; unfavorable legal proceedings, government investigations, and complex and changing laws and regulations. A detailed discussion of these factors and other risks that affect our business is contained in our SEC filings, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading "Risk Factors." Copies of these filings are available online from the SEC or by contacting Oracle's Investor Relations Department at (650) 506-4073 or by clicking on SEC Filings on the Oracle Investor Relations website at . All information set forth in this press release is current as of . Oracle undertakes no duty to update any statement in light of new information or future events.Centene Corp. stock underperforms Tuesday when compared to competitors
Former Husky offensive lineman Geirean Hatchett returning to UW
Elon Musk Claims F-35s Are A Failure & Crewed Jets Are Obsolete: Experienced Test Pilot Disagrees
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A telephone town hall Monday provided Idahoans the opportunity to get the governor’s perspective on key issues facing the state. With just a few weeks passed since the general election and the state’s legislative session fast approaching, Gov. Brad Little sat down with Lupe Wissel, state director of AARP Idaho, in a look ahead to the upcoming political landscape for the state and the nation. While the focus was largely on state-specific issues, many callers raised questions regarding how potential national changes implemented by the incoming Trump administration could impact the state. AARP is the nation’s largest non-profit organization and is dedicated to providing resources for individuals over the age of 50, according to the organization’s website. Callers who participated in the town hall provided their first names and the city they lived in. IMMIGRATION CONCERNS The issue most consistently raised during the call-in session was related to the realm of immigration. President-elect Donald Trump has claimed he will launch the “largest deportation program in U.S. history,” as reported by the Associated Press . Val of Meridian asked what Idaho’s plan would be to offset the potential deportation of 35,000 people — the estimated number of undocumented immigrants in the state — and potential dairy staffing shortages that could follow an exodus of workers. “Their initial intent is known criminals, where they know they’re a danger to society,” Little said. “That’s the No. 1 priority, and I believe that’s going to be the case.” Little noted that the dairy industry is also putting together a proposal that would put its workers in the same category as other agricultural entities, that are able to have workers come on a permitted basis year-round. According to the International Dairy Foods Association , the Farm Workforce Modernization Act, which failed to pass in Congress, sought to eliminate the seasonality requirement in the H-2A program — which allows foreign workers to enter a contract for up to 10 months of agricultural work — to expand its application into the diary sector. “There’s a lot of H-2A workers that come to Idaho, but it’s only seasonal — well, you have to milk cows all year round,” Little said. SOCIAL SECURITY TAX CUTS Paul of Eagle pointed to Trump’s proposed exemption on Social Security income taxes and the popularity this proposal has among seniors in Idaho. Little said that if this were ultimately passed by Congress, he would ensure Idaho is conforming to federal tax standards. “My position (is) always that taxes should be fair, simple, predictable and competitive, and one of the ways to make them simple is ... how you calculate your federal liability is the same way you should calculate your state liability,” Little said. Under the current standards of the Social Security Administration , a federal tax return filed by an individual with an income between $25,000 and $34,000 could pay an income tax on up to 50% of benefits. In the case of those filing jointly, the threshold shifts to between $32,000 and $44,000. These taxes currently pay into the Social Security system to maintain the program for future withdrawals and retirees. WOMEN’S REPRODUCTIVE RIGHTS Amanda of Boise expressed concerns about women’s reproductive rights and how uncertainty regarding the implications of state law has led to doctors leaving the state. “There’s litigation taking place in Idaho right now to kind of clarify the issue for doctors,” Little said. The Ninth Circuit Court of Appeals is currently scheduled to hear oral arguments on Dec. 10 regarding whether emergency abortions can be prosecuted under Idaho law. The case concerns the Emergency Medical Treatment and Labor Act (EMTALA), a federal law requiring medical providers that receive Medicare funds to treat and stabilize anyone in an emergency. A decision in the case will determine the validity of the state of Idaho’s argument that this federal law doesn’t supersede state law and that EMTALA does not require abortions to be conducted in emergencies, as reported by the Idaho Press . The incoming Trump administration’s position on bans similar to what is in place in Idaho is less than clear. In the past year, he has characterized an abortion ban after six weeks of pregnancy as “too severe,” while also saying he would vote against Florida’s ballot measure that sought to repeal the state’s six-week abortion ban, as reported by the Associated Press .By ALEXANDRA OLSON and CATHY BUSSEWITZ NEW YORK (AP) — Walmart’s sweeping rollback of its diversity policies is the strongest indication yet of a profound shift taking hold at U.S. companies that are revaluating the legal and political risks associated with bold programs to bolster historically underrepresented groups in business. The changes announced by the world’s biggest retailer followed a string of legal victories by conservative groups that have filed an onslaught of lawsuits challenging corporate and federal programs aimed at elevating minority and women-owned businesses and employees. The risk associated with some of programs crystalized with the election of former President Donald Trump, whose administration is certain to make dismantling diversity, equity and inclusion programs a priority. Trump’s incoming deputy chief of policy will be his former adviser Stephen Miller , who leads a group called America First Legal that has aggressively challenged corporate DEI policies. “There has been a lot of reassessment of risk looking at programs that could be deemed to constitute reverse discrimination,” said Allan Schweyer, principal researcher the Human Capital Center at the Conference Board. “This is another domino to fall and it is a rather large domino,” he added. Among other changes, Walmart said it will no longer give priority treatment to suppliers owned by women or minorities. The company also will not renew a five-year commitment for a racial equity center set up in 2020 after the police killing of George Floyd. And it pulled out of a prominent gay rights index . Schweyer said the biggest trigger for companies making such changes is simply a reassessment of their legal risk exposure, which began after U.S. Supreme Court’s ruling in June 2023 that ended affirmative action in college admissions. Since then, conservative groups using similar arguments have secured court victories against various diversity programs, especially those that steer contracts to minority or women-owned businesses. Most recently, the conservative Wisconsin Institute for Law & Liberty won a victory in a case against the U.S. Department of Transportation over its use of a program that gives priority to minority-owned businesses when it awards contracts. Companies are seeing a big legal risk in continuing with DEI efforts, said Dan Lennington, a deputy counsel at the institute. His organization says it has identified more than 60 programs in the federal government that it considers discriminatory, he said. “We have a legal landscape within the entire federal government, all three branches — the U.S. Supreme Court, the Congress and the President — are all now firmly pointed in the direction towards equality of individuals and individualized treatment of all Americans, instead of diversity, equity and inclusion treating people as members of racial groups,” Lennington said. The Trump administration is also likely to take direct aim at DEI initiatives through executive orders and other policies that affect private companies, especially federal contractors. “The impact of the election on DEI policies is huge. It can’t be overstated,” said Jason Schwartz, co-chair of the Labor & Employment Practice Group at law firm Gibson Dunn. With Miller returning to the White House, rolling back DEI initiatives is likely to be a priority, Schwartz said. “Companies are trying to strike the right balance to make clear they’ve got an inclusive workplace where everyone is welcome, and they want to get the best talent, while at the same time trying not to alienate various parts of their employees and customer base who might feel one way or the other. It’s a virtually impossible dilemma,” Schwartz said. A recent survey by Pew Research Center showed that workers are divided on the merits of DEI policies. While still broadly popular, the share of workers who said focusing on workplace diversity was mostly a good thing fell to 52% in the November survey, compared to 56% in a similar survey in February 2023. Rachel Minkin, a research associated at Pew called it a small but significant shift in short amount of time. There will be more companies pulling back from their DEI policies, but it likely won’t be a retreat across the board, said David Glasgow, executive director of the Meltzer Center for Diversity, Inclusion and Belonging at New York University. “There are vastly more companies that are sticking with DEI,” Glasgow said. “The only reason you don’t hear about it is most of them are doing it by stealth. They’re putting their heads down and doing DEI work and hoping not to attract attention.” Glasgow advises organizations to stick to their own core values, because attitudes toward the topic can change quickly in the span of four years. “It’s going to leave them looking a little bit weak if there’s a kind of flip-flopping, depending on whichever direction the political winds are blowing,” he said. One reason DEI programs exist is because without those programs, companies may be vulnerable to lawsuits for traditional discrimination. “Really think carefully about the risks in all directions on this topic,” Glasgow said. Walmart confirmed will no longer consider race and gender as a litmus test to improve diversity when it offers supplier contracts. Last fiscal year, Walmart said it spent more than $13 billion on minority, women or veteran-owned good and service suppliers. It was unclear how its relationships with such business would change going forward. Organizations that that have partnered with Walmart on its diversity initiatives offered a cautious response. The Women’s Business Enterprise National Council, a non-profit that last year named Walmart one of America’s top corporation for women-owned enterprises, said it was still evaluating the impact of Walmart’s announcement. Pamela Prince-Eason, the president and CEO of the organization, said she hoped Walmart’s need to cater to its diverse customer base will continue to drive contracts to women-owned suppliers even if the company no longer has explicit dollar goals. “I suspect Walmart will continue to have one of the most inclusive supply chains in the World,” Prince-Eason wrote. “Any retailer’s ability to serve the communities they operate in will continue to value understanding their customers, (many of which are women), in order to better provide products and services desired and no one understands customers better than Walmart.” Related Articles National News | Ex-FBI informant accused of lying about the Bidens is indicted on federal tax charges National News | Bird flu virus was found in raw milk. What to know about the risks National News | Ransomware attack on software supplier disrupts operations for Starbucks and other retailers National News | Spirit posts $308.2M quarterly net loss, raises red flags about future National News | Man found guilty of holding down teen while he was raped at a youth center in 1998 Walmart’s announcement came after the company spoke directly with conservative political commentator and activist Robby Starbuck, who has been going after corporate DEI policies, calling out individual companies on the social media platform X. Several of those companies have subsequently announced that they are pulling back their initiatives, including Ford , Harley-Davidson, Lowe’s and Tractor Supply . Walmart confirmed to The Associated Press that it will better monitor its third-party marketplace items to make sure they don’t feature sexual and transgender products aimed at minors. The company also will stop participating in the Human Rights Campaign’s annual benchmark index that measures workplace inclusion for LGBTQ+ employees. A Walmart spokesperson added that some of the changes were already in progress and not as a result of conversations that it had with Starbuck. RaShawn “Shawnie” Hawkins, senior director of the HRC Foundation’s Workplace Equality Program, said companies that “abandon” their commitments workplace inclusion policies “are shirking their responsibility to their employees, consumers, and shareholders.” She said the buying power of LGBTQ customers is powerful and noted that the index will have record participation of more than 1,400 companies in 2025.Millions of university graduates and students will soon wake up to an early Christmas present after the government wiped thousands of dollars off their debts. or signup to continue reading Laws to cap the indexation rate for the Higher Education Loan Program at either the rate of inflation or the wage price index - whichever is lowest - passed federal parliament late Tuesday night after Australians were stung with a 7.1 per cent increase to their student debts in 2023 because of surging inflation. The indexation changes will lead to $3 billion in debt being cleared over coming weeks. "University is a lot more expensive today than when I was at university," Education Minister Jason Clare told reporters in Canberra on Wednesday. "Wiping $3 billion in debt will fix that spike in inflation that happened last year and it'll make sure that never happens again." People with an average HELP debt level will get a $1200 reduction on their loans. Those with a debt of $45,000 will get a decrease of about $2000, while students with $60,000 owning will have debt lowered by $2700. The changes were recommended in the university accords, a review of the tertiary education sector handed down in February. The laws mean university students completing placement will receive payments to help with living costs from July 2025. Students in degrees including teaching, nursing, midwifery and social work will receive an allowance of $319 per week. The reforms were a big win for students and graduates at a time when many Australians were struggling with the high cost of living, Universities Australia chief executive Luke Sheehy said. Though universities have celebrated these measures, other government proposals for the sector have been widely spurned. Labor has attempted to implement a cap on the number of foreign student arrivals from 2025. The reform would be used in place of an immigration rule known as ministerial direction 107, that has throttled student visas. Swinburne University of Technology vice-chancellor Pascale Quester has urged the government to replace the ministerial direction and prioritise visa processing for enrolments in science, technology, engineering and mathematics courses - collectively known as STEM subjects. The number of domestic students taking these courses has dropped steadily, while international student interest has increased by 39 per cent since 2021. "Forget a brain drain, we are at risk of a brain drought," Professor Quester said. "There is so much STEM talent in the region, but we have slammed the door in their faces with hastily-crafted policy." The government is also expected to slash a further 20 per cent off Australians' student debt if it wins the federal election in 2025. Advertisement Sign up for our newsletter to stay up to date. We care about the protection of your data. Read our . Advertisement
After one season away from the Pacific Northwest, former UW offensive lineman Geirean Hatchett will be returning to the Huskies for 2025. The 6-foot-5, 318-pound Hatchett transferred to Oklahoma before the 2024 season, starting the Sooners' season-opening game before undergoing bicep surgery and missing the rest of the season. Hatchett will be a scholarship player at UW, a source close to the player told The Seattle Times. The 2025 season will be the Ferndale native's sixth season of college football, and he has the option for a seventh if he seeks a medical redshirt for the 2024 campaign. His return to Washington also reunites Geirean with his brother Landen Hatchett, a sophomore offensive lineman who started five games for UW in 2024. This story will be updated.SYDNEY, Nov 27 (Reuters) - An Australian Senate committee has backed a bill that would ban social media for children under 16 but said social media platforms should not force users to submit personal data such as passport and other digital identification to prove their age. Australia plans to trial an age-verification system that may include biometrics or government identification to enforce a social media age cut-off, some of the toughest controls imposed by any country to date. Prime Minister Anthony Albanese's centre-left Labor government is rushing to pass the bill, largely supported by the opposition Liberal party, by the end of the parliamentary year on Thursday. In its report published late on Tuesday, the Senate's environment and communications legislation committee said social media platforms "must set out alternative methods for assuring age as reasonable steps with consideration given to the age assurance trial." A progress report on the age assurance trial must be submitted by the communications minister to the parliament by Sept. 30, 2025, the committee said as it urged the government to "meaningfully engage" with youth when framing the law. "Young people, and in particular diverse cohorts, must be at the centre of the conversation as an age restriction is implemented to ensure there are constructive pathways for connection," committee Chair Senator Karen Grogan said. Some independent lawmakers have criticised the government for trying to pass the legislation in a week. The bill was introduced last Thursday, submissions on it closed on Friday, and a brief hearing was held on Monday. In separate submissions, Google (GOOGL.O) , opens new tab and Facebook-owner Meta Platforms (META.O) , opens new tab said the social media ban should be delayed until the age-verification trial finishes. Bytedance's TikTok said the bill needed more consultation, while Elon Musk's X said the proposed law might hurt children's human rights. The planned law would force social media platforms to take reasonable steps to ensure age-verification protections are in place. Companies could be fined up to A$49.5 million ($32 million) for systemic breaches. ($1 = 1.5451 Australian dollars) Sign up here. Reporting by Renju Jose in Sydney; Editing by Sonali Paul Our Standards: The Thomson Reuters Trust Principles. , opens new tab
Facebook Twitter WhatsApp SMS Email Print Copy article link Save CAPE CANAVERAL, Fla. — NASA's two stuck astronauts just got their space mission extended again. That means they won't be back on Earth until spring — 10 months after rocketing into orbit on Boeing's Starliner capsule. NASA announced the latest delay in Butch Wilmore and Suni Williams' homecoming Tuesday. The two test pilots planned to be away just a week or so when they blasted off June 5 on Boeing's first astronaut flight to the International Space Station. Their mission grew from eight days to eight months after NASA decided to send the company's problem-plagued Starliner capsule back empty in September. FILE - This image made from a NASA live stream shows NASA astronauts Suni Williams and Butch Wilmore during a press conference from the International Space Station on Friday, Sept. 13, 2024. (NASA via AP, File) Now the pair won't return until the end of March or even April because of a delay in launching their replacements, according to NASA. A fresh crew needs to launch before Wilmore and Williams can return and the next mission was bumped more than a month, according to the space agency. 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Body matching description of missing 84-year-old found in Galloway Township CAL honors student athletes with Academic All-Stars: Must Win NASA's next crew of four was supposed to launch in February, followed by Wilmore and Williams' return home by the end of that month alongside two other astronauts. But SpaceX needs more time to prepare the new capsule for liftoff. That launch is now scheduled for no earlier than late March. NASA said it considered using a different SpaceX capsule to fly up the replacement crew in order to keep the flights on schedule. However, it decided the best option was to wait for the new capsule to transport the next crew. NASA prefers to have overlapping crews at the space station for a smoother transition, according to officials. Most space station missions last six months, with a few reaching a full year. A SpaceX Falcon 9 rocket, with a crew of two astronauts, lifts off from launch pad 40 at the Cape Canaveral Space Force Station in Cape Canaveral, Fla., Saturday, Sept. 28, 2024. (AP Photo/Chris O'Meara) A SpaceX Falcon 9 rocket, with a crew of two astronauts, lifts off from launch pad 40 at the Cape Canaveral Space Force Station Saturday, Sept. 28, 2024, in Cape Canaveral, Fla. (AP Photo/Chris O'Meara) NASA astronaut Nick Hague, left, and Roscosmos cosmonaut Aleksandr Gorbunov, left, gives a thumbs up as they leave the Operations and Checkout Building on their way to Launch Complex 40 for a mission to the International Space Station Saturday, Sept. 28, 2024 at Cape Canaveral, Fla., (AP Photo/John Raoux) NASA astronaut Nick Hague, right, and Roscosmos cosmonaut Aleksandr Gorbunov leave the Operations and Checkout building for a trip to the launch pad 40 Saturday, Sept. 28, 2024, at the Kennedy Space Center in Cape Canaveral, Fla. (AP Photo/Chris O'Meara) NASA astronaut Nick Hague, right, talks to his family members as Roscosmos cosmonaut Aleksandr Gorbunov looks on after leaving the Operations and Checkout building for a trip to the launch pad 40 Saturday, Sept. 28, 2024, at the Kennedy Space Center in Cape Canaveral, Fla. Two astronauts are beginning a mission to the International Space Station. (AP Photo/Chris O'Meara) In this image from video provided by NASA, Roscosmos cosmonaut Aleksandr Gorbunov, left, and astronaut Nick Hague travel inside a SpaceX capsule en route to the International Space Station after launching from the Kennedy Space Center in Cape Canaveral, Fla., Saturday, Sept. 28, 2024. (NASA via AP) A SpaceX Falcon 9 rocket, with a crew of two astronauts, lifts off from launch pad 40 at the Cape Canaveral Space Force Station in Cape Canaveral, Fla., Saturday, Sept. 28, 2024. (AP Photo/Chris O'Meara) A SpaceX Falcon 9 rocket with a crew of two lifts off from launch pad 40 at the Cape Canaveral Space Force Station Saturday, Sept. 28, 2024 at Cape Canaveral, Fla. (AP Photo/John Raoux) The Falcon 9's first stage booster returns to Landing Zone 1 at the Cape Canaveral Space Force Station Saturday, Sept. 28, 2024 at Cape Canaveral, Fla. (AP Photo/John Raoux) A SpaceX Falcon 9 rocket with a crew of two lifts off from launch pad 40 at the Cape Canaveral Space Force Station Saturday, Sept. 28, 2024 at Cape Canaveral, Fla. (AP Photo/John Raoux) A SpaceX Falcon 9 rocket, with a crew of two astronauts, lifts off from launch pad 40 at the Cape Canaveral Space Force Station Saturday, Sept. 28, 2024, in Cape Canaveral, Fla. (AP Photo/Chris O'Meara) Be the first to know Get local news delivered to your inbox!ALL-REMOTE COMPANY/WILMINGTON, Del.--(BUSINESS WIRE)--Dec 9, 2024-- Phreesia, Inc. (NYSE: PHR) (“Phreesia” or the "Company") announced financial results today for the fiscal third quarter ended October 31, 2024. "We are excited about the future here at Phreesia,” said CEO and Co-Founder Chaim Indig. “Our network continues to grow, adoption of our current offerings is increasing, and we are beginning to see the promise of new solutions we are investing in.” Please visit the Phreesia investor relations website at ir.phreesia.com to view the Company's Q3 Fiscal Year 2025 Stakeholder Letter. Fiscal Third Quarter Ended October 31, 2024 Highlights Fiscal Year 2025 Outlook We are narrowing our revenue outlook for fiscal 2025 to a range of $418 million to $420 million from a previous range of $416 million to $426 million, implying year-over-year growth of 17% to 18%. We are updating our Adjusted EBITDA outlook for fiscal 2025 to a range of $34 million to $36 million from a previous range of $26 million to $31 million. Our outlook reflects our strong performance in the fiscal third quarter and our continued focus on margin improvement. We are maintaining our expectation for AHSCs to reach approximately 4,200 for fiscal 2025, compared to 3,601 in fiscal 2024. We are maintaining our expectation for Total revenue per AHSC to increase in fiscal 2025 compared to the $98,944 we achieved in fiscal 2024. Fiscal Year 2026 Outlook We are introducing our revenue outlook for fiscal 2026. We expect revenue to be in the range of $472 million to $482 million. The revenue range provided for fiscal 2026 assumes no additional revenue from potential future acquisitions completed between now and January 31, 2026. We are introducing our Adjusted EBITDA outlook for fiscal 2026. We expect Adjusted EBITDA to be in the range of $78 million to $88 million. The Adjusted EBITDA range provided for fiscal 2026 assumes continued improvement in operating leverage across the Company through focusing on efficiency. We expect AHSCs to reach approximately 4,500 in fiscal 2026. Additionally, we expect Total revenue per AHSC in fiscal 2026 to increase from fiscal 2025. We believe our $81.7 million in cash and cash equivalents as of October 31, 2024, along with cash generated in our normal operations, gives us sufficient flexibility to reach our fiscal 2025 and fiscal 2026 outlook. Additionally, our available borrowing capacity under our credit facility with Capital One provides us with an additional source of capital to pursue future growth opportunities not incorporated into our fiscal 2025 and fiscal 2026 outlook. As of October 31, 2024 we have no borrowings outstanding under our credit facility. Non-GAAP Financial Measures We have not reconciled our Adjusted EBITDA outlook to GAAP Net income (loss) because we do not provide an outlook for GAAP Net income (loss) due to the uncertainty and potential variability of Other (income) expense, net and (Benefit from) provision for income taxes, which are reconciling items between Adjusted EBITDA and GAAP Net income (loss). Because we cannot reasonably predict such items, a reconciliation of the non-GAAP financial measure outlook to the corresponding GAAP measure is not available without unreasonable effort. We caution, however, that such items could have a significant impact on the calculation of GAAP Net income (loss). For further information regarding the non-GAAP financial measures included in this press release, including a reconciliation of GAAP to non-GAAP financial measures and an explanation of these measures, please see “Non-GAAP financial measures” below. Available Information We intend to use our Company website (including our Investor Relations website) as well as our Facebook, X, LinkedIn and Instagram accounts as a means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD. Forward Looking Statements This press release includes express or implied statements that are not historical facts and are considered forward-looking 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 our future financial or operating performance and may contain projections of our future results of operations or of our financial information or state other forward-looking information. These statements include, but are not limited to, statements regarding: our future financial and operating performance, including our revenue, operating leverage, margins, Adjusted EBITDA, cash flows and profitability 3; our ability to finance our plans to achieve our fiscal 2025 and fiscal 2026 outlook with our current cash balance and cash generated in the normal course of business; and our outlook for fiscal 2025 and fiscal 2026, including our expectations regarding revenue, Adjusted EBITDA, AHSCs and Total revenue per AHSC. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Although we believe that the expectations reflected in these forward-looking statements are reasonable, these statements relate to future events or our future operational or financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond our control, including, without limitation, risks associated with: our ability to effectively manage our growth and meet our growth objectives; our focus on the long-term and our investments in growth; the competitive environment in which we operate; our ability to comply with the covenants in our credit agreement with Capital One; changes in market conditions and receptivity to our products and services; our ability to develop and release new products and services and successful enhancements, features and modifications to our existing products and services; our ability to maintain the security and availability of our platform; the impact of cyberattacks, security incidents or breaches impacting our business; changes in laws and regulations applicable to our business model; our ability to make accurate predictions about our industry and addressable market; our ability to attract, retain and cross-sell to healthcare services clients; our ability to continue to operate effectively with a primarily remote workforce and attract and retain key talent; our ability to realize the intended benefits of our acquisitions and partnerships; and difficulties in integrating our acquisitions and investments; and other general, market, political, economic and business conditions (including from the results of the 2024 U.S. presidential and congressional elections and the warfare and/or political and economic instability in Ukraine, the Middle East or elsewhere). The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those listed or described in our filings with the Securities and Exchange Commission (“SEC”), including in our Quarterly Report on Form 10-Q for the fiscal quarter ended October 31, 2024 that will be filed with the SEC following this press release. The forward-looking statements in this press release speak only as of the date on which the statements are made. We undertake no obligation to update, and expressly disclaim the obligation to update, any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. This press release includes certain non-GAAP financial measures as defined by SEC rules. We have provided a reconciliation of those measures to the most directly comparable GAAP measures, with the exception of our Adjusted EBITDA outlook for the reasons described above. Conference Call Information We will hold a conference call on Monday December 9, 2024 at 5:00 p.m. Eastern Time to review our fiscal 2025 third quarter financial results. To participate in our live conference call and webcast, please dial (800) 715-9871 (or (646) 307-1963 for international participants) using conference code number 7404611 or visit the “Events & Presentations” section of our Investor Relations website at ir.phreesia.com . A replay of the call will be available via webcast for on-demand listening shortly after the completion of the call, at the same web link, and will remain available for approximately 90 days. About Phreesia Phreesia is a trusted leader in patient activation, giving providers, life sciences companies and other organizations tools to help patients take a more active role in their care. Founded in 2005, Phreesia enabled approximately 150 million patient visits in 2023—more than 1 in 10 visits across the U.S.—scale that we believe allows us to make meaningful impact. Offering patient-driven digital solutions for intake, outreach, education and more, Phreesia enhances the patient experience, drives efficiency and improves healthcare outcomes. Non-GAAP Financial Measures This press release and statements made during the above-referenced webcast may include certain non-GAAP financial measures as defined by SEC rules. Adjusted EBITDA is a supplemental measure of our performance that is not required by, or presented in accordance with, GAAP. Adjusted EBITDA is not a measurement of our financial performance under GAAP and should not be considered as an alternative to net income or loss or any other performance measure derived in accordance with GAAP, or as an alternative to cash flows from operating activities as a measure of our liquidity. We define Adjusted EBITDA as net income or loss before interest income, net, provision for income taxes, depreciation and amortization, and before stock-based compensation expense and other expense, net. We have provided below a reconciliation of Adjusted EBITDA to net loss, the most directly comparable GAAP financial measure. We have presented Adjusted EBITDA in this press release and our Quarterly Report on Form 10-Q to be filed after this press release because it is a key measure used by our management and board of directors to understand and evaluate our core operating performance and trends, to prepare and approve our annual budget, and to develop short and long-term operational plans. In particular, we believe that the exclusion of the amounts eliminated in calculating Adjusted EBITDA can provide a useful measure for period-to-period comparisons of our core business. Accordingly, we believe that Adjusted EBITDA provides useful information to investors and others in understanding and evaluating our operating results in the same manner as our management and board of directors. We have not reconciled our Adjusted EBITDA outlook to GAAP Net income (loss) because we do not provide an outlook for GAAP Net income (loss) due to the uncertainty and potential variability of Other (income) expense, net and (Benefit from) provision for income taxes, which are reconciling items between Adjusted EBITDA and GAAP Net income (loss). Because we cannot reasonably predict such items, a reconciliation of the non-GAAP financial measure outlook to the corresponding GAAP measure is not available without unreasonable effort. We caution, however, that such items could have a significant impact on the calculation of GAAP Net income (loss). Our use of Adjusted EBITDA has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of our financial results as reported under GAAP. Some of these limitations are as follows: Because of these and other limitations, you should consider Adjusted EBITDA along with other GAAP-based financial performance measures, including various cash flow metrics, net loss, and our GAAP financial results. The following table presents a reconciliation of Adjusted EBITDA to net loss for each of the periods indicated: We calculate Free cash flow as Net cash provided by (used in) operating activities less capitalized internal-use software development costs and purchases of property and equipment. Additionally, Free cash flow is a supplemental measure of our performance that is not required by, or presented in accordance with, GAAP. We consider Free cash flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated by our business that can be used for strategic opportunities, including investing in our business, making strategic investments, partnerships and acquisitions and strengthening our financial position. The following table presents a reconciliation of Free cash flow from Net cash provided by (used in) operating activities, the most directly comparable GAAP financial measure, for each of the periods indicated: The definitions of our key metrics are presented below. ______________________________ 1 Adjusted EBITDA is a non-GAAP measure. We define Adjusted EBITDA as net income or loss before interest income, net, provision for income taxes, depreciation and amortization, and before stock-based compensation expense and other expense, net. See “Non-GAAP Financial Measures” for a reconciliation of Adjusted EBITDA to the closest GAAP measure. 2 Free cash flow is a non-GAAP measure. We define Free cash flow as net cash provided by (used in) operating activities less capitalized internal-use software development costs and purchases of property and equipment. See “Non-GAAP Financial Measures” for a reconciliation of Free cash flow to the closest GAAP measure. 3 We define “profitability,” discussed herein, in terms of Adjusted EBITDA, a non-GAAP financial measure. See ‘Non-GAAP Financial Measures’ for a definition of Adjusted EBITDA and a reconciliation of our Adjusted EBITDA to Net loss, the closest GAAP measure. View source version on businesswire.com : https://www.businesswire.com/news/home/20241209683231/en/ CONTACT: Investor Relations Contact:Balaji Gandhi Phreesia, Inc. investors@phreesia.com (929) 506-4950Media Contact:Nicole Gist Phreesia, Inc. nicole.gist@phreesia.com (407) 760-6274 KEYWORD: DELAWARE UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SCIENCE SOFTWARE PRACTICE MANAGEMENT RESEARCH HEALTH HOSPITALS HEALTH TECHNOLOGY TECHNOLOGY SOURCE: Phreesia, Inc. Copyright Business Wire 2024. PUB: 12/09/2024 04:05 PM/DISC: 12/09/2024 04:05 PM http://www.businesswire.com/news/home/20241209683231/enThree of these images are fake. Can you spot the real image? Some images generated by artificial intelligence have become so convincingly real that there is no surefire way to spot the fakes. But experts say there are still things we can try to detect fakes. "Media literacy is super awesome," said Matt Groh, assistant professor at Northwestern University. "But it needs to extend to AI literacy. Like the classic kind of things that you want to teach in media literacy, we still need to teach those same things. We just need to add the AI portion to it now." RELATED STORY | Nobel Prize in physics awarded to 2 scientists for discoveries that enabled artificial intelligence Groh's team at Northwestern released a guide on how to spot AI generated images. The full preprint paper was released in June. "So what we've done is we've articulated 5 different categories of artifacts, implausibilities," Groh said. "Ways to tell AI-generated image apart from a real photograph." The academic preprint guide offers detailed tips, tricks and examples on spotting AI-generated images. It also teaches important questions to consider when consuming media. Anatomical implausibilities The first and easiest telltale signs: anatomical implausibilities. Ask yourself: Are the fingers, eyes, and bodies off? Are there extra limbs or do they bend strangely? Are there too many teeth? Stylistic implausibilities Ask yourself: Do images seem plastic, glossy, shiny or cartoonish? Are there overly dramatic or cinematic? Functional implausibilities Ask yourself: Is text garbled? Is clothing strange? Are objects not physically correct, like how this backpack strap merges into clothing? Violation of physics Ask yourself: Are light and shadows off? Are there impossible reflections? Sociocultural implausibilities Ask yourself: Are there images that are just too unbelievable or historically inaccurate? RELATED STORY | AI voice cloning: How programs are learning to pick up on pitch and tone "What we're trying to do is give you a snapshot of what it looks like in 2024 and how we can help people move their attention as effectively as possible," Groh said. "Education is really the biggest thing. There's education on the tools," said Cole Whitecotton, senior professional research associate at the National Center for Media Forensics. Whitecotton encourages the public to educate themselves and try AI tools to know their capabilities and limits. "I think everybody should go out and use it. And look at how these things do what they do and understand a bit of it," he said. "Everyone should interact with ChatGPT. In some way. Everyone should interact with Midjourney. And look at how these things do what they do and understand a bit of it." Whitecotton suggests being inquisitive and curious when scrolling through social media. "If you interacted with every piece of content in that way, then there you would be a lot less likely to be duped and to be sort of sucked into that sort of stuff, right?" he said. "How do you interact with Facebook and with Twitter and all these things? How do you consume the media?" Whitecotton added. RELATED STORY | Biden's AI advisor speaks on AI policy, deepfakes, and the use of AI in war While AI-generated images and videos continue to evolve, Groh and his team offer a realistic approach to a changing technological landscape where tips and tricks may become outdated quickly. "I think a real, good, useful thing is we build this. We update this every year. Okay, some of these things work. Some of these things don't. And I think once we have a base, we're able to update it," Groh said. "I think one of the problems is we didn't have a base. And so one of the things we're really excited about is even sharing our framework, because I think our framework is going to help people just navigate that conversation." So were you able to guess which image is real? If you guessed the image of the girl in the bottom left corner, you are correct! "It sucks that there's this misinformation in the world. But it's also possible to navigate this new problem," Groh said. If you want to test yourself even more, the Northwestern University research team has released this site that gives you a series of real and AI-generated images to differentiate.
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A former high school classmate of Luigi Nicholas Mangione, the “strong person of interest” arrested Monday in the brazen Manhattan killing of UnitedHealthcare’s CEO, said he was surprised to learn of his arrest. Freddie Leatherbury hasn’t spoken to Mangione since they graduated in 2016 from Gilman School in Maryland. He said Mangione was a smart, friendly and athletic student who came from a wealthy family, even by the private school’s standards. “Quite honestly, he had everything going for him,” Leatherbury said. Leatherbury said he was stunned when a friend shared the news of their former classmate’s arrest. “He does not seem like the kind of guy to do this based on everything I’d known about him in high school,” Leatherbury said. Mangione, a high school valedictorian from a Maryland prep school, earned undergraduate and graduate degrees in computer science in 2020 from the University of Pennsylvania, a spokesman told The Associated Press on Monday. He had learned to code in high school and helped start a club at Penn for people interested in gaming and game design, according to a 2018 story in Penn Today, a campus publication. His posts also suggest that he belonged to the fraternity Phi Kappa Psi. They also show him taking part in a 2019 program at Stanford University, and in photos with family and friends in Hawaii, San Diego, Puerto Rico, the New Jersey shore and other destinations. In an email to parents and alumni, Gilman headmaster Henry P.A. Smyth said it “recently” learned that Mangione had been arrested. “We do not have any information other than what is being reported in the news,” Smyth wrote. “This is deeply distressing news on top of an already awful situation. Our hearts go out to everyone affected.” A poster issued by the Federal Bureau of Investigation shows a wanted unknown suspect in the killing of UnitedHealthcare CEO Brian Thompson. (FBI via AP) AP Luigi Mangione is one of 37 grandchildren of Nick Mangione Sr., according to a 2008 obituary. Mangione Sr. grew up poor in Baltimore’s Little Italy and rose after his World War II naval service to become a millionaire real estate developer and philanthropist, according to a 1995 profile by the Baltimore Sun. He and his wife Mary Cuba Mangione, who died in 2023, directed their philanthropy through the Mangione Family Foundation, according to a statement from Loyola University commemorating her death. They donated to a variety of causes, ranging from Catholic organizations to higher education, to the arts. Mangione Sr. was known for Turf Valley Resort, a sprawling luxury retreat and conference center outside Baltimore that he purchased in 1978. The father of 10 children, Nick Mangione Sr. prepared his five sons — including Luigi Mangione’s father, Louis Mangione — to help manage the family business, according to a 2003 Washington Post report. The Mangione family also purchased Hayfields Country Club north of Baltimore in 1986. On Monday afternoon, Baltimore County police officers had blocked off an entrance to the property, which public records link to Luigi Mangione’s parents. A swarm of reporters and photographers gathered outside the entrance. One of Luigi Mangione’s cousins is Republican Maryland state legislator Nino Mangione, a spokesperson for the delegate’s office confirmed Monday. Healthcare SEO shooting Reviewers slam Pa. McDonald’s after worker tip leads to arrest in CEO killing Ghost gun possibly used to kill UnitedHealthcare CEO can be made at home ‘Strong person of interest’ arrested in Pa. in health care CEO’s killing: Here’s what we knowArticle content WASHINGTON — President Joe Biden said Sunday that the sudden collapse of the Syrian government under Bashar Assad is a “fundamental act of justice” after decades of repression, but it was “a moment of risk and uncertainty” for the Mideast. Recommended Videos Biden spoke at the White House hours after after rebel groups completed a takeover of the country after more than a dozen years of violent civil war and decades of leadership by Assad and his family. Biden said the United States was unsure of Assad’s whereabouts, but was monitoring reports he was seeking refuge in Moscow. The outgoing Biden administration and President-elect Donald Trump were working to make sense of new threats and opportunities across the Middle East. Biden credited action by the U.S. and its allies for weakening Syria’s backers — Russia, Iran and Hezbollah. He said “for the first time” that they could no longer defend Assad’s grip on power. “Our approach has shifted the balance of power in the Middle East,” Biden said, after a meeting with his national security team at the White House. Trump said Sunday that Assad had fled his country, which his family had ruled for decades, because close ally Vladimir Putin, the Russian president, “was not interested in protecting him any longer.” Those comments on Trump’s social media platform came a day after he used another post to decry the possibility of the U.S. intervening militarily in Syria to aid the rebels, declaring, “THIS IS NOT OUR FIGHT.” The Biden administration had no intention of intervening, according to President Joe Biden’s national security adviser. The U.S has about 900 troops in Syria, including forces working with Kurdish allies in the opposition-held northeast to prevent any resurgence of the Islamic State group. Biden said he intended those for troops to remain, adding that U.S. forces on Sunday conducted “dozens” of what he called “precision air strikes” on Islamic State camps and operations in Syria. The Syrian opposition that brought down Assad is led by Hayat Tahrir al-Sham. The Biden administration has designated the group as a terrorist organization and says it has links to al-Qaida, although Hayat Tahrir al-Sham says it has since broken ties with al-Qaida. “We will remain vigilant,” Biden said. “Make no mistake, some of the rebel groups that took down Assad have their own grim record of terrorism and human rights abuses.” He added that the groups are “saying the right things now.” “But as they take on greater responsibility, we will assess not just their words, but their actions,” Biden said. Assad’s fall adds to an already tense situation throughout much of region on many fronts, including Israel’s war with Hamas in Gaza and its fragile cease-fire with Hezbollah in Lebanon. Trump, who takes office Jan. 20, 2025, made a connection between the upheaval in Syria and Russia’s war in Ukraine, noting that Assad’s allies in Moscow, as well as in Iran, the main sponsor of Hamas and Hezbollah, “are in a weakened state right now.” Vice President-elect JD Vance, a veteran of the U.S.-led war in Iraq, wrote on own social media Sunday to express skepticism about the insurgents. “Many of ‘the rebels’ are a literal offshoot of ISIS. One can hope they’ve moderated. Time will tell,” he said, using another acronym for the group. Trump has suggested that Assad’s ouster can advance the prospects for an end to fighting in Ukraine, which was invaded by Russia in February 2022. Trump wrote that Putin’s government “lost all interest in Syria because of Ukraine” and the Republican called for an immediate cease-fire, a day after meeting in Paris with the French and Ukrainian leaders. Daniel B. Shapiro, a deputy assistant secretary of defence for the Middle East, said the American military presence will continue in eastern Syria but was “solely to ensure the enduring defeat of ISIS and has nothing to do with other aspects of this conflict.” “We call on all parties in Syria to protect civilians, particularly those from Syria’s minority communities to respect international military norms and to work to achieve a resolution to include the political settlement,” Shapiro said. “Multiple actors in this conflict have a terrible track record to include Assad’s horrific crimes, Russia’s indiscriminate aerial bomb bombardment, Iranian-back militia involvement and the atrocities of ISIS,” he added. Shapiro, however, was careful not to directly say Assad had been deposed by the insurgents. “If confirmed, no one should shed any tears over the Assad regime,” he said. As they pushed toward the Syrian capital of Damascus, the opposition freed political detainees from government prisons. The family of missing U.S. journalist Austin Tice renewed calls to find him. “To everyone in Syria that hears this, please remind people that we’re waiting for Austin,” Tice’s mother, Debra, said in comments that hostage advocacy groups spread on social media. “We know that when he comes out, he’s going to be fairly dazed & he’s going to need lots of care & direction. Direct him to his family please!” Tice disappeared in 2012 outside Damascus, amid intensification of what became a civil war stretching more than a decade. We’ve remained committed to returning him to his family,” Biden said at the White House. “We believe he’s alive, we think we can get him back but we have no direct evidence to that yet. And Assad should be held accountable.” The president added: “We have to identify where he is.” — Associated Press writer Jon Gambrell in Manama, Bahrain, and AP White House Correspondent Zeke Miller contributed to this report.United Prepares for IAD Expansion Amid Sky-High Stock Prices
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