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The future of crypto, GameStop's boost, and AI's private market bump: Markets roundupThis is today’s headline-making news for tech-savvy gamers: ARM Holdings, the trailblazer in semiconductor and software design, is seeing fluctuations in its share price that could signal significant shifts for the gaming industry. As of today, ARM’s share price is capturing the attention of investors and gaming enthusiasts alike. Known for its innovative chip designs used in an array of high-performance gaming consoles and devices, any movement in ARM’s stock could spell future game-changing technology advancements. ARM’s architectural designs are at the core of many gaming systems, making it a central player in the gaming market. This proficiency not only affects device performance but also the development of new technologies such as cloud gaming, AI implementations, and enhanced graphics capabilities. As ARM continues to forge partnerships with tech giants and explore advancing into new markets, its financial market performance becomes an indicator for upcoming tech innovations. Today’s share price reflects investor confidence in ARM’s ongoing expansion in the robust gaming technology sector. Analysts are keenly observing how these stock movements might influence the landscape of gaming hardware development. The potential impact of ARM’s financial health extends to both industry incumbents and emerging gaming companies, underlining how crucial this company’s trajectory is for future tech evolution. This intriguing connection between stock markets and gaming advances spotlights a new dimension for gaming bloggers and enthusiasts to follow, ensuring they stay ahead in an ever-evolving tech world. ARM’s Stock Journey: A Sign for Gaming’s Next Big Leap? ARM Holdings, a linchpin in semiconductor and software design, is currently under a magnifying glass due to notable fluctuations in its stock price. Such movements are not just for the scrutiny of financial analysts but are also sparking curiosity among gaming enthusiasts. With ARM’s design architecture forming the backbone of many high-performance gaming consoles, changes in its market valuation often signal potential tech innovations on the horizon. Unveiling the Innovator’s Profile ARM’s contributions extend beyond just providing high-speed processors for gaming consoles; its architecture is pivotal in driving innovations like cloud gaming, artificial intelligence, and enhanced graphic technologies. Partnering with industry giants, ARM continues to push boundaries, which inevitably places the company’s market performance as a bellwether for forthcoming advancements in gaming technology. What to Expect from ARM’s Market Movements? # Predictions for Gaming Tech: 1. Cloud Gaming Revolution: As ARM collaborates with cloud service providers, investors can anticipate more robust cloud gaming solutions that level up user experiences. 2. Growth in AI Integration: As ARM expands its reach, the incorporation of AI in gaming is expected to take a leap, vastly improving gameplay dynamics and personalization. 3. Enhanced Graphics: With ongoing advancements in ARM’s hardware capabilities, future gaming systems are likely to deliver unmatched graphics performance. Market Analysis: ARM’s Position in the Gaming Sector ARM’s consistent performance in the technology sector underlines its critical role in gaming hardware development. Recent stock fluctuations have piqued the interest of both incumbents and newcomers in the gaming industry. This attention highlights the essential function ARM serves in pacing technological progression, implying that any shifts in its financial standing could directly affect market dynamics. Looking Ahead: Trends and Insights ARM’s trajectory suggests a future rich with transformative gameplay innovations, powered by semiconductors that process faster and smarter than before. As gaming continues to embrace new technological frontiers, understanding ARM’s financial health becomes a tool not only for investors but also for developers looking to stay at the cutting edge of gaming evolution. For more information on ARM Holdings and its role in technological advancements, visit the ARM Holdings website to dive deeper into their world-renowned innovations and partnerships shaping the future of gaming. Whether you are an investor or a tech-savvy gamer, keeping an eye on ARM’s developments could provide valuable insights into where the gaming industry is headed next. As these stock movements unfold, the gaming world waits with bated breath for what could be the next big technological leap.IRVING, Texas , Nov. 26, 2024 /PRNewswire/ -- RumbleOn, Inc. (NASDAQ: RMBL) (the "Company" or "RumbleOn") announced today that it has commenced a $10.0 million fully backstopped registered equity rights offering (the "Rights Offering"), pursuant to which the Company is expected to receive aggregate gross proceeds of $10.0 million , less expenses related to the Rights Offering. The Company intends to use the proceeds from the Rights Offering for general corporate purposes which may include repayment of the Company's convertible senior 6.75% promissory notes due January 1, 2025 . The proceeds raised will also satisfy, in part, the additional capital financing obligations of the Company pursuant to a recent amendment to the Company's credit agreement with Oaktree. The Company is distributing at no charge to the holders of (i) its Class A common stock, par value $0.001 per share (the "Class A common stock"), and (ii) Class B common stock, par value $0.001 per share (the "Class B common stock" and, together with the Class A common stock, the "common stock"), in each case as of the close of business on November 25, 2024 (the "Record Date"), non-transferable subscription rights (the "Subscription Rights") to purchase up to 2,392,344 shares of Class B common stock at price of $4.18 per share (the "Subscription Price"). The aggregate subscription value of all shares of Class B common stock available for purchase in the Rights Offering is $10.0 million . Each holder of common stock as of the Record Date (each, an "Eligible Stockholder") will receive one Subscription Right for each share of the common stock owned as of the Record Date. Each Subscription Right entitles the holder to purchase 0.0677 shares of Class B common stock. The Company will not issue any fractional shares of Class B common stock in the Rights Offering. Instead, the Company will round down the aggregate number of shares of Class B common stock the Eligible Stockholders are entitled to receive to the nearest whole number. Accordingly, as each Subscription Right represents the right to purchase 0.0677 shares of Class B common stock, an Eligible Stockholder must hold at least 15 shares of Class A common stock or Class B common stock to receive sufficient Subscription Rights to purchase at least one share of Class B common stock in the Rights Offering. Eligible Stockholders will not be entitled to exercise an over-subscription privilege to purchase additional shares of Class B common stock that may remain unsubscribed as a result of any unexercised Subscription Rights. The Subscription Rights will expire and will have no value if they are not exercised prior to 5:00 p.m. Eastern Time , on the expiration time for the Rights Offering (the "Expiration Time"), which is currently expected to be 5:00 p.m. Eastern time on December 12, 2024 , unless the Company, in its sole discretion, extends the period for exercising the Subscription Rights. Subject to the terms and conditions of the Support and Standby Purchase Agreement (defined below), the Company reserves the right to cancel, terminate, amend, or extend the Rights Offering at any time prior to the Expiration Time. On November 26 , 2024, the Company entered into a support and standby purchase agreement (the "Support and Standby Purchase Agreement") with Stone House Capital Management, LLC, which is a holder of Class B common stock and is managed by Mark Cohen , a member of the board of directors of the Company (together with its affiliates, the "Standby Purchaser"), and Mark Tkach and William Coulter , each of whom is a holder of the Class B common stock and a member of the board of directors of the Company (collectively, the "Support Purchasers" and, together with the Standby Purchaser, the "Investors"). The Support and Standby Purchase Agreement provides, among other things, that (i) the Standby Purchaser will purchase from the Company in a private placement any shares of Class B common stock included in the Rights Offering that are not subscribed for and purchased by Eligible Stockholders (collectively, the "Backstop Securities") for the same per share Subscription Price payable by the Eligible Stockholders electing to exercise their Subscription Rights in the Rights Offering; and (ii) each Support Purchaser will exercise all of his respective Subscription Rights in full prior to the Expiration Time. Other Important Information The Subscription Rights will not be listed for trading on any stock exchange or market. Therefore, there will be no public market for the Subscription Rights. However, the shares of Class B common stock issued upon the exercise of the Subscription Rights will remain listed on The Nasdaq Capital Market of the Nasdaq Stock Market LLC under the symbol "RMBL." The Company expects that Broadridge Corporate Issuer Solutions, LLC, the subscription and information agent for the Rights Offering, will distribute subscription documents for the Rights Offering to Eligible Stockholders beginning on or about November 26, 2024 . Holders of shares of common stock held in "street name" through a brokerage account, bank or other nominee should contact their broker, bank or other nominee for details regarding participation in the Rights Offering. For any questions or further information about the Rights Offering, please contact the information agent, at (888) 789-8409 (Toll-Free), or via email at shareholder@broadridge.com . Neither the Company nor its board of directors has made or will make any recommendation to holders regarding participation in the Rights Offering. Holders should make an independent investment decision about whether to participate in the Rights Offering based on their own assessment of the Company's business and the Rights Offering. The offering of the Class B common stock pursuant to the Rights Offering is being made pursuant to the Company's existing effective shelf registration statement on Form S-3 (Reg. No. 333-281862) on file with the Securities and Exchange Commission (the "SEC") and a prospectus supplement (and the accompanying base prospectus) filed with the SEC on the date hereof. The information in this press release is not complete and is subject to change. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any offer, solicitation or sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful under the securities laws of such state or jurisdiction. The Rights Offering will be made only by means of the prospectus supplement (and the accompanying base prospectus) filed with the SEC on the date hereof. About RumbleOn RumbleOn, Inc. (NASDAQ: RMBL), operates through two operating segments: our Powersports dealership group and Wholesale Express, LLC, an asset-light transportation services provider focused on the automotive industry. Our Powersports group is the largest powersports retail group in the United States (as measured by reported revenue, major unit sales and dealership locations), offering over 500 powersports franchises representing 50 different brands of products. Our Powersports group sells a wide selection of new and pre-owned products, including parts, apparel, accessories, finance & insurance products and services, and aftermarket products. We are the largest purchaser of pre-owned powersports vehicles in the United States and utilize RideNow's Cash Offer to acquire vehicles directly from consumers. For more information on RumbleOn, please visit rumbleon.com . Cautionary Note on Forward-Looking Statements The Company's press release contains statements that constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, those regarding the Company's plans to launch a Rights Offering, the anticipated final terms, timing and completion of the proposed Rights Offering, and the use of proceeds from the proposed Rights Offering. Forward-looking statements generally can be identified by words such as "anticipates," "believes," "continues," "could," "estimates," "expects," "intends," "hopes," "may," "plan," "possible," "potential," "predicts," "projects," "should," "targets," "would" and similar expressions, although not all forward-looking statements contain these identifying words. Such statements are subject to numerous important factors, risks and uncertainties that may cause actual events or results to differ materially from current expectations and beliefs, including, but not limited to, risks and uncertainties related to: whether the proposed transactions will be completed in a timely manner, or at all; the risk that all of the closing conditions for the proposed Rights Offering are not satisfied; the occurrence of any event, change or other circumstance that could cause the Company not to proceed with the Rights Offering; the determination of the final terms of the proposed Rights Offering; the satisfaction of customary closing conditions related to the proposed Rights Offering; risks related to the diversion of management's attention from RumbleOn's ongoing business operations; the impact of general economic, industry or political conditions in the United States or internationally, as well as the other risk factors set forth under the caption "Risk Factors" in the registration statement, as amended, and in RumbleOn's Annual Report for the year ended December 31, 2023 and Quarterly Reports on Form 10-Q for the quarters ended March 30, 2024 , June 30, 2024 and September 30, 2024 and in any other subsequent filings made with the SEC by RumbleOn. There can be no assurance that RumbleOn will be able to complete the proposed Rights Offering on the anticipated terms, or at all. Any forward-looking statements contained in this press release speak only as of the date hereof, and RumbleOn specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. View original content to download multimedia: https://www.prnewswire.com/news-releases/rumbleon-announces-commencement-of-10-0-million-fully-backstopped-registered-rights-offering-302316964.html SOURCE RumbleOnShane Van Gisbergen Crashes in Horrific Sprint Car Flip Ahead of NASCAR Entry
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NEW YORK , Nov. 21, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The global indoor air quality (IAQ) solution market size is estimated to grow by USD 12.4 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.61% during the forecast period. New air quality product launches is driving market growth, with a trend towards technological advances in indoor air quality solutions. However, high competition among market vendors poses a challenge.Key market players include 3M Co., Aeroqual Ltd., Camfil AB, Carrier Global Corp., ClimateCare, Daikin Industries Ltd., Ferguson plc, Germguard Technologies M Sdn. Bhd., Honeywell International Inc., Johnson Controls International Plc., Lennox International Inc., LG Electronics Inc., MANN HUMMEL International GmbH and Co. KG, Panasonic Holdings Corp., Perfect Pollucon Services, Sensirion AG, SGS SA, Spectro Analytical Labs Pvt. Ltd., Trane Technologies Plc, and UL Solutions Inc.. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Market Driver Indoor Air Quality (IAQ) solutions have gained significant attention due to increasing concerns over indoor pollution. HVAC systems, HEPA filters, and IAQ management systems are popular solutions for maintaining healthy indoor environments. Building automation and LEED, WELL Building Standards, and IAQM are key certifications for ensuring optimal IAQ. Air pollution monitoring is essential for identifying pollutant types, including chemical, physical, and biological pollutants. Public-private funding is driving innovation in IAQ solutions for government buildings, industrial establishments, commercial establishments, and residential buildings. Air purifiers, humidifiers, ventilation systems, air filters, dehumidifiers, UV lamps, carbon monoxide alarms, and air quality sensors are common IAQ solutions for residential and commercial spaces. Pollutant sources include oil and gas, coal and mining, chemical, power and energy, general manufacturing, schools and universities, hospitality, retail, office buildings, hotels and restaurants, long-term care communities, and others. New equipment, service, and maintenance are crucial for maintaining IAQ. Air quality regulations continue to evolve, driving demand for advanced IAQ solutions. Portable indoor monitors offer flexibility for monitoring IAQ in various settings. Overall, the IAQ solution market is poised for growth as businesses and individuals prioritize healthy indoor environments. Indoor air quality (IAQ) has emerged as a significant concern due to the increasing time spent indoors and the rise in indoor air pollution levels, which are now double that of outdoor air. With nearly 90% of the global population residing indoors, the demand for IAQ solutions is surging in various industries, including homes, schools, offices, and factories. Technological advancements, such as IoT-based monitoring systems and real-time cyber-physical systems, are driving the installation of IAQ systems. Furthermore, the manufacturing sector and power plants are adopting Industry 4.0-related IAQ solutions to prioritize employee health. The market for portable IAQ monitors is also experiencing significant growth due to the need for individual monitoring and real-time analysis. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges Indoor Air Quality (IAQ) solutions market is growing due to increasing concerns over indoor air pollution from various sources like HVAC systems, chemical pollutants, physical pollutants, and biological pollutants. HEPA filters, IAQ management systems, building automation, and LEED, WELL Building Standards, and IAQM are key solutions. Challenges include public-private funding for IAQ improvements in government, industrial, commercial, and residential buildings. Air pollution monitoring using indoor monitors, portable monitors, and air quality sensors is crucial. Pollutant types include chemical, physical, and biological. Solutions include air purifiers, humidifiers, ventilation systems, air filters, dehumidifiers, UV lamps, carbon monoxide alarms, and new equipment like air quality sensors. Regulations mandate PM, ozone generators, and other air quality standards for residential, commercial, oil and gas, coal and mining, power and energy, general manufacturing, schools and universities, hospitality, retail, office buildings, hotels and restaurants, and long-term care communities. The Indoor Air Quality (IAQ) solution market faces intense competition from a multitude of vendors, both regional and international. This fragmented market landscape poses challenges for global players looking to maintain their market presence. Local vendors offer affordable indoor air quality solutions and equipment, including air filters, air purifiers, humidifiers, and more, forcing global vendors to match their prices. This price war negatively impacts the market growth for indoor air quality solutions, equipment, and services. Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This indoor air quality (iaq) solution market report extensively covers market segmentation by 1.1 Equipment 1.2 Services 2.1 Fixed 2.2 Portable 3.1 North America 3.2 Europe 3.3 APAC 3.4 South America 3.5 Middle East and Africa 1.1 Equipment- Indoor air quality is a critical factor influencing the health and well-being of people. To ensure optimal indoor air quality (IAQ), it's essential to regularly test for allergens, radon, CO2 emissions, gases like chlorofluorocarbons (CFCs) and hydrofluorocarbons (HFCs), and volatile organic compounds (VOCs) from electronic devices. Indoor air quality solutions include air monitor sensors, air purifiers, and humidifiers. The global market for indoor air quality solutions is growing rapidly due to the demand for smart and affordable air monitoring sensors. Vendors are launching innovative and smart indoor air quality solutions, such as Honeywell's new range of air purifiers with UV LED, ionizer, and humidifier functionalities. Climate Care offers indoor air quality systems that eliminate up to 99.3% of contaminants. Indoor pollution sources include asbestos, biological pollutants, air fresheners, formaldehyde/pressed wood products, and CO emissions. To address indoor pollution, establishments should invest in air pollution monitoring kits and equipment that effectively control air pollution levels. Companies like Carrier and TSI offer a range of air quality monitoring equipment and solutions, including air purifiers, humidifiers, dehumidifiers, ventilators, CO alarms, and UV air purifiers. TSI's precision air quality instruments and air quality monitoring solutions enable real-time air quality measurements. The availability of a wide range of innovative indoor air quality equipment is driving market growth. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis Indoor Air Quality (IAQ) solutions refer to technologies and systems designed to improve the air quality within and around buildings. IAQ issues can arise from various pollutant types, including Volatile Organic Compounds (VOCs), chemical, physical, and biological pollutants. HVAC systems, HEPA filters, UVGI, IAQ management systems, and building automation are essential solutions for mitigating indoor air pollution. LEED and WELL Building Standards promote IAQ as a critical component of sustainable building design. IAQM, air pollution monitoring, and portable indoor monitors help identify pollutant sources and levels. Public-private funding and air quality regulations drive the market for IAQ solutions. Other solutions include air purifiers, humidifiers, ventilation systems, air filters, dehumidifiers, ultraviolet (UV) lamps, carbon monoxide alarms, and particulate matter (PM) sensors. Ozone generators, while once popular, have been largely replaced due to health concerns. Regulations and industry best practices continue to evolve, ensuring a dynamic and innovative IAQ solutions market. Market Research Overview Indoor Air Quality (IAQ) solutions encompass various technologies and systems designed to maintain and improve the air quality within buildings. These solutions include HVAC systems, HEPA filters, IAQ management systems, building automation, and LEED, WELL Building Standards, and IAQM certification. Air pollution monitoring is crucial, with options ranging from stationary monitors to portable indoor monitors. Pollutants can be chemical, physical, or biological, affecting diverse sectors like government buildings, industrial establishments, private and commercial establishments, and residential buildings. Solutions include air purifiers, humidifiers, ventilation systems, air filters, dehumidifiers, ultraviolet (UV) lamps, carbon monoxide alarms, and air quality sensors. Regulations, such as Particulate Matter (PM) standards, guide the implementation of these solutions. Other IAQ solutions include air quality regulations, pollutant type-specific equipment, and services. Industries like oil and gas, coal and mining, chemical, power and energy, general manufacturing, schools and universities, hospitality, retail, office buildings, hotels and restaurants, and long-term care communities all benefit from these IAQ solutions. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Product Equipment Services Type Fixed Portable Geography North America Europe APAC South America Middle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE TechnavioROME (AP) — Robert Lewandowski joined Cristiano Ronaldo and Lionel Messi as the only players in Champions League history with 100 or more goals. But Erling Haaland is on a faster pace than anyone by boosting his total to 46 goals at age 24 on Tuesday. Still, Haaland's brace wasn't enough for Manchester City in a 3-3 draw with Feyenoord that extended the Premier League champion's winless streak to six matches. Lewandowski’s early penalty kick started Barcelona off to a 3-0 win over previously unbeaten Brest to move into second place in the new single-league format. The Poland striker added goal No. 101 in second-half stoppage time. Ronaldo leads the all-time scoring list with 140 goals and Messi is next with 129. But neither Ronaldo nor Messi play in the Champions League anymore following moves to Saudi Arabia and the United States, respectively. The 36-year-old Lewandowski required 125 matches to reach the century mark, two more than Messi (123) and 12 fewer than Ronaldo (137). Barcelona also got a second-half score from Dani Olmo. The top eight finishers in the standings advance directly to the round of 16 in March. Teams ranked ninth to 24th go into a knockout playoffs round in February, while the bottom 12 teams are eliminated. Haaland converted a first-half penalty to eclipse Messi as the youngest player to reach 45 goals then scored City's third after the break to raise his total to 46 goals in 44 games. Ilkay Gundogan had City's second. But then Feyenoord struck back with goals from Anis Hadj Moussa, Santiago Gimenez and David Hancko. Inter Milan beat Leipzig 1-0 with an own goal to move atop the standings with 13 points, one more than Barcelona and Liverpool, which faces Real Madrid on Wednesday. The Serie A champion is the only club that hasn't conceded a goal. Bayern Munich beat Paris Saint-Germain 1-0 — the same score from the 2020 final between the two teams. PSG ended with 10 men and remained in the elimination zone. The French powerhouse has struggled in Europe after Kylian Mbappe’s move to Real Madrid. Kim Min-jae’s first-half header was enough for Bayern, especially after Ousmane Dembelé was sent off in the 56th with his second yellow. Atalanta moved within two points of the lead with a 6-1 win at Young Boys. Charles De Ketelaere scored two and assisted on three other goals for Atalanta. Also, Arsenal kept red-hot striker Viktor Gyokeres quiet in a 5-1 win over Sporting Lisbon; and Germany star Florian Wirtz scored two goals and was involved in two more as Bayer Leverkusen boosted its chances of finishing in the top eight with a 5-0 rout of Salzburg. AC Milan followed up its win at Real Madrid with a 3-2 victory at last-place Slovan Bratislava in an early match. Christian Pulisic put the seven-time champion ahead midway through the first half by finishing off a counterattack. Then Rafael Leao restored the Rossoneri’s advantage after Tigran Barseghyan had equalized for Bratislava and Tammy Abraham quickly added another. Nino Marcelli scored with a long-range strike in the 88th for Bratislava, which ended with 10 men. Bratislava has lost all five of its matches. Argentina World Cup winner Julian Alvarez scored twice and Atletico Madrid routed Sparta Prague 6-0 in the other early game. Alvarez scored with a free kick 15 minutes in and Marcos Llorente added a long-range strike before the break. Alvarez finished off a counterattack early in the second half after being set up by substitute Antoine Griezmann, who then marked his 100th Champions League game by getting on the scoresheet himself. Angel Correa added a late brace for Atletico, which earned its biggest away win in Europe. Atletico beat Paris Saint-Germain in the previous round and extended its winning streak across all competitions to six matches. AP soccer: https://apnews.com/hub/soccer
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French President Emmanuel Macron named a new government Monday evening, putting together a team under Francois Bayrou, his fourth Prime Minister of the year, to drag the second-largest EU economy out of political crisis. Mr. Macron named former Prime Minister Elisabeth Borne, 63, education minister in a new Cabinet under centrist Mr. Bayrou, announced Elysee secretary-general Alexis Kohler. Another former premier, Manuel Valls, 62, returned as overseas territories minister, while former Interior Minister Gerald Darmanin became Justice Minister. Both Defence Minister Sebastien Lecornu and Foreign Minister Jean-Noel Barrot kept their jobs, the Presidency said. Lecornu, a 38-year-old loyalist with a keen political nose, has served in every government since Macron's first election as president in 2017. Conservative Interior Minister Bruno Retailleau, who has vowed to crack down on illegal immigration, and right-wing Culture Minister Rachida Dati, also stayed in their posts. The difficult job of delivering a budget plan for next year falls to Eric Lombard, head of public-sector lender Caisse des Depots (CDC), who was named economy minister. "I'm very proud of the team we're presenting this evening," Bayrou said on X, adding his "experienced" cabinet would aim to "rebuild trust". The inclusion of two former Prime Ministers indicates Mr. Macron's desire for a heavyweight government that will enjoy stability and not share the fate of Mr. Bayrou's predecessor, Michel Barnier, ousted in a no-confidence vote. Mr. Bayrou had hoped to bring in figures from the left, right and centre to protect his government from possible censure, but his 35-member team does not include any members of the left-wing coalition New Popular Front. Mr. Macron will assemble Mr. Bayrou's team on January 3 for a first Council of Ministers meeting, the presidency said. Mr. Barnier was brought down over his failure to win support for an austerity budget to shore up France's shaky finances with spending cuts and tax rises. The priority for 73-year-old Mr. Bayrou is to make sure his government can survive a no-confidence vote and that it passes a cost-cutting budget for 2025. The unexpected comeback of Valls, premier from 2014 to 2016, as the head of the overseas territories ministry indicates the importance of the post after authorities were strongly criticised for their response to the deadly cyclone on the Indian Ocean territory of Mayotte, which killed at least 35 people. Darmanin had long been known to covet the post of foreign minister, but after days of intense discussions will have to content himself with the justice ministry. Far-right 'backing' Just before the official announcement, heavyweight right-wing politician Xavier Bertrand, who had been tipped for the health ministry, announced he would not be part of the government. He alleged that it had been formed with the implicit "backing" of far-right leader Marine Le Pen, who will play a key role in ensuring its survival. "The prime minister informed me this morning, contrary to what he had proposed yesterday, that he was no longer in a position to entrust me with responsibility for the justice ministry due to opposition from (Le Pen's) National Rally," Bertrand said in a statement. "Despite his new proposals, I refuse to take part in a government of France formed with the backing of Marine Le Pen." Mr. Bertrand is a major irritant for the far right, which he has long opposed. Ms. Le Pen on March 31, 2025 faces the verdict in an embezzlement trial on charges she denies. If convicted, she could lose the chance of standing in the 2027 elections and with it her best chance yet of winning the presidency. The announcement came as France observed a day of mourning for victims in cyclone-hit Mayotte, France's poorest overseas territory. Mr. Bayrou, the head of the centrist MoDem group, which is allied to Macron's party, was appointed on December 13. He is the sixth Prime Minister of Macron's mandate. Many already predict Mr. Bayrou will struggle to survive. France has been mired in deadlock since Macron gambled on snap elections this summer in the hopes of bolstering his authority. The move backfired, with voters electing a parliament fractured between three rival blocs. Le Pen suggested Macron has been weakened by months of political crisis and would eventually have to resign. "I am preparing for an early presidential election," she told French newspaper Le Parisien last week. Published - December 24, 2024 03:00 am IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit France
Ange Postecoglou may be forced into starting some of his big-hitters in attack when Tottenham Hotspur face Roma in the Europa League on Thursday. The Spurs manager has used the cup competitions to hand opportunities to the likes of Wilson Odobert , Mikey Moore and Will Lankshear in attack, but all three will be absent when the Giallorossi travel to North London. Odobert remains out with a hamstring injury; a nasty virus will leave Moore out of contention, and Lankshear is serving a one-match suspension following his red card in the 3-2 loss to Galatasaray earlier this month. Brennan Johnson and Son Heung-min both started in Istanbul, and may be forced to do so again, with Richarlison also sidelined until the new year. Dominic Solanke scored off the bench against Gala, and would ideally be allowed a rest in midweek, and the return of Timo Werner could give Postecoglou that option, but Son may also be the one given the night off. While Spurs' backup options in attack are absent, it is their first-choice players who are missing at the back heading into this one, following the news that Guglielmo Vicario will be out for the foreseeable future after undergoing surgery on a broken ankle. That means Fraser Forster should start in Europe again, but will also be required to face Fulham at the weekend, behind Radu Dragusin and Ben Davies , who have replaced Micky van de Ven and Cristian Romero . Romero is in contention to return from a toe injury at the weekend, but remains doubtful, while Van de Ven is not expected to be available until mid-December at the earliest. Rodrigo Bentancur should start as this is a rare opportunity for him to get some game time while he serves a seven-game domestic ban, and the two midfield positions either side of him are up for grabs. Lucas Bergvall should also get another run out in the team, while any one of Yves Bissouma , Pape Matar Sarr , Dejan Kulusevski and James Maddison could also feature. Tottenham Hotspur possible starting lineup: Forster; Spence, Dragusin, Davies, Gray; Sarr, Bentancur, Bergvall; Johnson, Solanke, Werner Click here to see how Roma could line up for this Europa League clash.Dimeco, Inc. (DIMC) To Go Ex-Dividend on December 31st