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Global Healthy Aging Supplement Market Set For 7.6% Growth, Reaching $2.05 Billion By 2028( ) shares are under pressure on Tuesday morning. At the time of writing, the ASX 200 stock is down 10% to $19.78. Why is this ASX 200 stock tumbling? Investors have been selling the financial services company's shares today after a from the Australian Taxation Office (ATO) cast doubts on the $2.175 billion sale of its Wealth Management and Corporate Trust businesses to KKR. According to the release, following ongoing and extensive engagement with the ATO, Perpetual has now received written views from the tax office. This is in relation to the tax treatment of the transaction that inform Perpetual's updated assessment of the estimated net cash proceeds to shareholders, if the scheme is implemented. The ATO has informed Perpetual that section 45B of the Income Tax Assessment Act of 1936 would apply to the scheme. This would mean that the entire cash return would be deemed to be an assessable unfranked dividend for shareholders and taxed at the applicable rate for each shareholder. In addition, the Commissioner has declined to provide Perpetual with a binding ruling that Part IVA will not apply and has also indicated that it cannot rule out that it will apply Part IVA. What's the damage? The ASX 200 stock notes that if the above were to apply, the assessed primary tax liability for Perpetual is estimated to be $488 million, without including any additional penalties and interest. This is significantly more than its previous estimate of $106 million to $227 million. As a result, the estimated cash proceeds to shareholders for the transaction would reduce from between $8.38 and $9.82 per share, as previously announced, to just $5.74 to $6.42 per share. Extremely disappointed In response to the news, the company said: Perpetual is extremely disappointed and disagrees with the Commissioner's views. Based on strong advice from relevant tax experts, including Senior Counsel, and following extensive Board testing and consideration, Perpetual continues to be of the view that the provisions should not apply. In Perpetual's assessment of the Scheme, it noted numerous previous scheme transactions that had been undertaken in a similar manner. However, it concedes that it may not be able to appeal the ruling given the impact it could have on the transaction and capital return. It adds: Perpetual considers it has strong grounds to dispute this position. However, to do so, Perpetual would need to withhold sufficient funds to cover the ATO's asserted corporate tax liability amount from any shareholder proceeds under the Scheme until completion of that process, which would be protracted, would only commence once Perpetual was assessed and there would be no certainty of the outcome. Perpetual and KKR are now engaging to consider the potential impact on the transaction. Is the transaction in danger? In recent days, Bell Potter suggested that this tax ruling could put the transaction at risk if it were not favourable. Though, it doesn't necessarily see this as a bad outcome. It said: If the ATO are pushing for more than $227m, then this should be put to shareholders, who could potentially vote against the Scheme. This might sound bad, but the equity market is now around 10% higher than it was in May, when KKR's price of $2,175m was agreed. These are good businesses and given the market, should be worth more now. Retaining them, and the Perpetual brand may be a preferable outcome to paying more than $227m in tax to the ATO.
AP News Summary at 12:52 p.m. EST
The suspect in the high-profile killing of a health insurance CEO that has gripped the United States graduated from an Ivy League university, reportedly hails from a wealthy family, and wrote social media posts brimming with cerebral musings. Luigi Mangione, 26, was thrust into the spotlight Monday after police revealed he is their person of interest in the brutal murder of United Healthcare CEO Brian Thompson, a father of two, last week in broad daylight in Manhattan in a case that laid bare deep frustration and anger with America's privatized medical system. News of his capture in Pennsylvania -- following a tip from a McDonald's worker --triggered an explosion of online activity, with Mangione quickly amassing new followers on social media as citizen sleuths and US media tried to understand who he is. While some lauded him as a hero and lamented his arrest, others analyzed his intellectual takes in search of ideological clues. A photo on one of his social media accounts includes an X-ray of an apparently injured spine. No explicit political affiliation has emerged. Meanwhile, memes and jokes proliferated, many riffing on his first name and comparing him to the "Mario Bros." character Luigi, sometimes depicted in AI-altered images wielding a gun or holding a Big Mac. "Godspeed. Please know that we all hear you," wrote one user on Facebook. "I want to donate to your defense fund," added another. According to Mangione's LinkedIn profile, he is employed as a data engineer at TrueCar, a California-based online auto marketplace. A company spokesperson told AFP Mangione "has not been an employee of our company since 2023." Although he had been living in Hawaii ahead of the killing, he originally hails from Towson, Maryland, near Baltimore. He comes from a prominent and wealthy Italian-American family, according to the Baltimore Banner. The family owns local businesses, including the Hayfields Country Club, its website says. A standout student, Mangione graduated at the top of his high school class in 2016. In an interview with his local paper at the time, he praised his teachers for fostering a passion for learning beyond grades and encouraging intellectual curiosity. A former student who knew Mangione at the Gilman School told AFP the suspect struck him as "a normal guy, nice kid." "There was nothing about him that was off, at least from my perception," this person said, asking that their name not be used. "Seemed to just be smiling, and kind of seemed like he was a smart kid. Ended up being valedictorian, which confirmed that," the former student said. Mangione went on to attend the prestigious University of Pennsylvania, where he completed both a bachelor's and master's degree in computer science by 2020, according to a university spokesperson. While at Penn, Mangione co-led a group of 60 undergraduates who collaborated on video game projects, as noted in a now-deleted university webpage, archived on the Wayback Machine. On Instagram, where his following has skyrocketed from hundreds to tens of thousands, Mangione shared snapshots of his travels in Mexico, Puerto Rico and Hawaii. He also posted shirtless photos flaunting a six-pack and appeared in celebratory posts with fellow members of the Phi Kappa Psi fraternity. However, it is on X (formerly Twitter) that users have scoured Mangione's posts for potential motives. His header photo -- an X-ray of a spine with bolts -- remains cryptic, with no public explanation. Finding a coherent political ideology has also proved elusive, though he had written a review of Ted Kaczynski's manifesto on the online site goodreads, calling it "prescient." Kaczynski, known as the Unabomber, carried out a string of bombings in the United States from 1978 to 1995, a campaign he said was aimed at halting the advance of modern society and technology. Mangione called Kaczynski "rightfully imprisoned," while also saying "'violence never solved anything' is a statement uttered by cowards and predators." According to CNN, handwritten documents recovered when Mangione was arrested included the phrase "these parasites had it coming." Mangione has also linked approvingly to posts criticizing secularism as a harmful consequence of Christianity's decline. In April, he wrote, "Horror vacui (nature abhors a vacuum)." The following month, he posted an essay he wrote in high school titled "How Christianity Prospered by Appealing to the Lower Classes of Ancient Rome." In another post from April, he speculated that Japan's low birthrate stems from societal disconnection, adding that "fleshlights" and other vaginal-replica sex toys should be banned. ia/nro/dwRADNOR, Pa., Dec. 07, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP ( www.ktmc.com ) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of Florida against Celsius Holdings, Inc. (“Celsius”) (NASDAQ: CELH) on behalf of those who purchased or otherwise acquired Celsius common stock between February 29, 2024, and September 4, 2024, inclusive (the “Class Period”). The lead plaintiff deadline is January 21, 2025. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered Celsius losses, you may CLICK HERE or go to: https://www.ktmc.com/new-cases/celsius-holdings-inc?utm_source=PR&utm_medium=link&utm_campaign=celh&mktm=r You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at info@ktmc.com . DEFENDANTS’ ALLEGED MISCONDUCT: The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Celsius materially oversold inventory to Pepsi far in excess of demand, and faced a looming sales cliff during which Pepsi would significantly reduce its purchases of Celsius products; (2) as Pepsi drew down significant amounts of inventory overstock, Celsius’ sales would materially decline in future periods, hurting Celsius’ financial performance and outlook; (3) Celsius’ sales rate to Pepsi was unsustainable and created a misleading impression of Celsius’ financial performance and outlook; (4) as a result, Celsius’ business metrics and financial prospects were not as strong as indicated in Defendants’ Class Period statements; and (5) consequently, Defendants’ statements regarding Celsius’ outlook and expected financial performance were false and misleading at all relevant times. THE LEAD PLAINTIFF PROCESS: Celsius investors may, no later than January 21, 2025, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Kessler Topaz Meltzer & Check, LLP encourages Celsius investors who have suffered significant losses to contact the firm directly to acquire more information. CLICK HERE TO SIGN UP FOR THE CASE OR GO TO : https://www.ktmc.com/new-cases/celsius-holdings-inc?utm_source=PR&utm_medium=link&utm_campaign=celh&mktm=r ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP: Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com . CONTACT: Kessler Topaz Meltzer & Check, LLP Jonathan Naji, Esq. (484) 270-1453 280 King of Prussia Road Radnor, PA 19087 info@ktmc.com May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
KING OF PRUSSIA, PA — InductEV , based in Pennsylvania and specializing in commercial electric vehicle (EV) charging, has partnered with Norway-based ENRX to develop global standards for wireless inductive EV charging. The collaboration aims to ensure compatibility across the industry and accelerate the adoption of this technology. Together, the companies plan to address the growing demand for high-power wireless charging solutions, which are critical for reducing range anxiety and advancing EVs in the transportation sector. Under the newly signed memorandum of understanding (MOU), InductEV and ENRX will focus on several key areas. These include supporting the SAE J2954 standardization efforts, conducting compatibility and interoperability testing, and promoting the benefits of universal standards to industry stakeholders and regulators. By working together, the companies aim to create a more unified and reliable wireless EV charging ecosystem. “Veterans in their respective sectors, InductEV and ENRX bring complementary expertise to this venture,” noted John Rizzo, CEO of InductEV. “Wireless charging is at a critical tipping point, and the collaboration with ENRX will help establish the necessary framework for industry-wide adoption and growth.” InductEV has already shipped gigawatts of wireless power, making significant strides in commercial fleet EV applications. Its advanced systems use in-ground and vehicle-based charging pads capable of delivering power outputs ranging from 75 kW to 450 kW. This technology enables shorter, more efficient charging sessions throughout the day, reducing reliance on traditional overnight depot charging. ENRX, with nearly 20 years of experience in high-power wireless charging projects, has implemented solutions for industrial vehicles and public buses across European cities, including Germany’s 200kW bus charging system that has operated for over a decade. The company is also leading the development of a 200 kW electrified roadway in Orlando, Florida, designed to charge vehicles in motion. Magnus Vold, CCO at ENRX, emphasized the importance of creating unified standards for wireless charging. “Standardization is crucial to ensuring safe, reliable, and efficient electromobility solutions,” he said. “Partnering with InductEV allows both companies to leverage their technological strengths to benefit the entire industry.” This collaboration marks a pivotal moment for wireless EV charging. By removing barriers related to compatibility and accessibility, InductEV and ENRX aim to drive innovation, enhance adoption, and support the rapid expansion of the EV market worldwide. Their joint efforts are expected to have far-reaching implications for both passenger and commercial transportation sectors, helping pave the way for a future of seamless, wireless charging solutions. For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN .OLEAN, N.Y. (AP) — Chance Moore scored 16 points as Saint Bonaventure defeated Buffalo 65-55 on Saturday night. Moore shot 5 of 11 from the field, including 0 for 3 from 3-point range, and went 6 for 8 from the line for the Bonnies (9-1). Melvin Council Jr. scored 12 points while shooting 5 for 11, including 2 for 5 from beyond the arc and added three steals. Jonah Hinton had 12 points and shot 3 of 5 from the field, including 2 for 3 from 3-point range, and went 4 for 4 from the line. Ryan Sabol led the way for the Bulls (5-5) with 14 points. Buffalo also got 14 points from Bryson Wilson. Brayden Jackson had 11 points. Saint Bonaventure took the lead with 19:26 remaining in the first half and did not give it up. Hinton led their team in scoring with 10 points in the first half to help put them ahead 32-22 at the break. Saint Bonaventure closed out the victory in the final half, while Moore led the way with a team-high 10 second-half points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
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Jimmy Carter, Green-Energy VisionaryMore than 3 0,000 Irish Citizenship decisions have been made in 2024, Ireland's Department of Justice said on Monday, December 2. The figure of more than 30,000 decisions represents a significant increase in the number of Irish Citizenship decisions made in 2023 (20,000) and is nearly double the number of decisions made in 2022. Ireland's Citizenship Division has held 24 Irish Citizenship ceremonies this year , an increase from the 15 ceremonies held last year, and the six that were held in 2022. This Monday and Tuesday alone, over 6,000 new Irish citizens will be granted citizenship in seven Ceremonies being held at the INEC Killarney in Co Kerry. The Ceremonies will see applicants from 140 countries around the world, and living in 32 counties on the island of Ireland, being conferred as Irish citizens. A post shared by Department of Justice Ireland (@dept_justice_ireland) Sign up to IrishCentral's newsletter to stay up-to-date with everything Irish! Citizenship ceremonies were first introduced in Ireland in 2011 marking the occasion of the granting of Irish Citizenship in a dignified and solemn manner. Since Irish Citizenship Ceremonies were first introduced, there has been a total of 197 Ceremonies (inclusive) with people from over 180 countries receiving their certificates of naturalization. To date, over 191,000 people have received Irish citizenship since 2011. The figure of 191,000 includes Monday and Tuesday's attendees and applicants who received citizenship via the Declaration process introduced in response to the COVID pandemic, as well as minors who are not required to attend a Ceremony. Speaking ahead of Monday and Tuesday's Irish Citizenship Ceremonies, Ireland's Minister for Justice Helen McEntee said; “I would like to congratulate all of our newest Irish citizens, as well as their family and friends joining them on this special day. "I encourage our new citizens to continue to contribute to building inclusive communities. In forging connections between our cultures, we can enrich our social fabric. "Our new citizens play an essential role fuelling growth in our economy. They also contribute immensely to industries where we have labour shortages like construction, agriculture and healthcare. They also make our workforce more diverse and inclusive.” The ceremonies will see applicants from 140 countries around the world, and living in 32 counties on the island of Ireland, being conferred as Irish citizens. Congratulations to one and all. pic.twitter.com/ajCAs2YXKR The Presiding Officers at the Irish Citizenship Ceremonies on Monday and Tuesday are retired Justice Paddy McMahon and retired President of the High Court Mary Irvine. They will confer the attendees with Irish Citizenship and will administer the Declaration of Fidelity to the Irish Nation and Loyalty to the State. The new Irish citizens will undertake to faithfully observe the laws of the State and to respect its democratic values. Ireland's Department of Justice noted on Monday that "significant changes" have been introduced in its Citizenship Division "to speed up the application process for applicants, including the introduction of an online digital application, online payments, and eVetting." Going forward, the Department envisions that the majority of applications based on residency will receive a decision within 12 months. The department cautioned that "no two applications are the same, and some take longer than others to process." Applicants are required to have five years reckonable residence in the Irish State prior to making an application. More information on the application process is available online here .