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While the TSX index is hovering near record highs, ( ) is a Canadian stock that has grossly underperformed the broader markets. Down close to 80% in 2024, the has fallen 98% since its initial public offering in May 2021. Currently valued at a of $105 million, Lion Electric designs, develops, manufactures, and distributes all-electric medium and heavy-duty urban vehicles in North America. Its product portfolio includes battery systems, bus bodies, and truck cabins. Let’s see why Lion Electric stock is struggling to win investor confidence and if it can stage a comeback in the next 12 months. Lion Electric recently published its third-quarter (Q3) results, which disappointed investors. While the long-term electric vehicle transition story remains intact, Lion Electric reported a 62% year-over-year decline in Q3. Its revenue fell to $30.6 million while reporting a net loss of $33.9 million. Moreover, vehicle deliveries totalled 89 units in Q3, down from 245 vehicles in the year-ago period. What’s a matter of concern for investors is that the company ended Q3 with $27 million in total liquidity, which suggests it will soon need to raise additional capital to support its cash-burn rate. In the September quarter, Lion Electric reduced inventory by $15 million while implementing initiatives to reduce costs by $65 million annually. However, the company included a “going concern” warning in its quarterly report, emphasizing the need to secure additional funding and restructure debt covenants as soon as possible. Lion Electric is like a homeowner who needs to refinance the mortgage and secure a new line of credit, all amid a falling revenue base. These struggles highlight a crucial reality impacting several companies in the electric vehicle segment. It’s evident that having great technology and strong demand is not enough to fund operations through the growth phase. Automobile manufacturing is capital-intensive, and companies must significantly expand production capabilities to benefit from economies of scale. Lion Electric ended Q3 with an order book of 1,590 vehicles valued at $420 million. Comparatively, the company is forecast to end 2024 with revenue of $148 million, down from $253 million in 2023. Lion Electric claimed it is seeing strong vehicle interest through government initiatives such as the U.S. EPA (Environmental Protection Agency) program, which has translated to 275 orders. At the same time, Lion Electric’s long-term opportunity remains appealing as it is part of a growing market with strong regulatory tailwinds. Alternatively, current financial risks make LEV stock a highly speculative investment. Lion Electric represents both the promise and the peril of investing in the EV transition. While it has a proven technology and notable customer interest, ongoing financial challenges highlight the risks of scaling up manufacturing operations in a capital-intensive industry. For risk-tolerant investors who believe in the long-term electrification of commercial vehicles, Lion Electric might be worth watching, especially if it can shore up profit margins over the next 12 months. LEV stock trades at a discount of 50%, given consensus price target estimates. While analysts expect the TSX stock to rebound in 2025, I would recommend a more cautious approach and wait until the company showcases an ability to improve the bottom line.
By Denise Maher HealthDay Reporter Dec. 23, 2024 (HealthDay News) -- Poison experts see it every winter holiday season: Parents rush kids to the emergency room or call hotlines, panicking that their child has ingested something dangerous. Between holiday breaks, visiting relatives' homes, attending festivities, and opening gifts galore, kids face extra risks for accidental exposure to poison. In addition to heart felt season’s greetings, the Nebraska Poison Center sends out reminders that changes in routine may increase risks for kids. Poison experts urge parents and party hosts to remember safety best practices. • Pretty holiday plants aren't edible. Keep small children and animals away from mistletoe, holly berries, yew plants and poinsettias. • Be mindful of small batteries. Toys, games, watches, remotes, and musical greeting cards may contain button or disc batteries. If swallowed, they can become stuck and cause serious injury or death if not removed. • Watch out for water beads and magnets in toys . Expanding water beads and rare earth magnets are inappropriate for those who may ingest them. Strong magnets can stick together in the intestines and trigger a medical emergency. If water beads are swallowed, they may swell and cause a blockage in the intestines. • Be on the lookout for nicotine-containing products, including vape liquid and chewing tobacco, as well as CBD and THC products . These are often in brightly colored packaging that can easily be mistaken for candy or other food items for children. If swallowed by youngsters, nicotine may cause shakiness, vomiting or seizures. Keep these items away from common areas, locked and out of reach. • Lock up cleaning cabinets. Cleansers, laundry pods, and other cleaning products should also be stored out of sight. Do not mix chemicals together when cleaning and follow all label directions for using these products. • Remind relatives without small children about the importance of child-proofing prescription drugs . Encourage friends and family to store medications up, out of sight and locked up tight, not out on a nightstand or counter. Keep all purses and travel bags secured. • Be vigilant about the bar and alcohol. Alcoholic beverages are more readily accessible during gatherings. Clean immediately after gatherings and remove all items that may contain alcohol. Sadly, the holiday season can bring joy and grief simultaneously. As seasonal calls to the Poison Center concerning children increase, so do calls about intentional harm. If you or a loved one are having thoughts of self-harm or are in a crisis, remember that you are not alone. Call 988 to reach the 24/7 National Suicide and Crisis Line for help. Prevention is the best way to avoid and minimize poisonings. The Poison Center’s specially trained registered nurses and pharmacists are available 24/7/365. If you have questions or suspect poisoning exposure, call 1-800-222-1222. Your call will be routed to a local poison control center. Poison Center services are free and confidential. More information The Health Resources and Service Administration (HRSA) has more about poison exposure. SOURCE: Holiday Help From the Nebraska Poison Center, fact sheet. Copyright © 2024 HealthDay . All rights reserved.Law firm founder steps up battle to clear out leadership
AP Business SummaryBrief at 2:10 p.m. ESTChina’s Xi to lead Macau handover anniversary celebrationsWhat next for OBJ as Dolphins release veteran receiver?
Travis Hunter and Ashton Jeanty give this year's Heisman Trophy ceremony a different vibe
Trump wants pardoned real estate developer Charles Kushner to become US ambassador to FranceLimited again, 49ers QB Brock Purdy still fighting sore shoulderThe High Plains and Clearview library districts and the Loveland Public Library offer a variety of programs and activities for all ages. Here are some activities taking place at the respective locations through Dec. 6. To see a full list of events, go to mylibrary.us , clearviewlibrary.org and lovelandpubliclibrary.org . High Plains Library District Cards and Cocoa will take place from 2-4 p.m. Sunday at LINC. Walk Indoors will take place from 11-11:30 a.m. Monday at Carbon Valley Regional Library. Crafty Teens will take place from 5-6 p.m. Monday at LINC. Knit & Crochet will take place from 1-2 p.m. Tuesday at Farr Regional Library. Adult Book Club will meet from 5:30-6:30 p.m. Tuesday at Fort Lupton Public Library. Holiday Card Making will take place from 6-8 p.m. Tuesday at Carbon Valley Regional Library. Art Club will meet from 3:30-4:30 p.m. Wednesday at Kersey Library. DIY Gifts will take place from 4-5:15 p.m. Wednesday at Erie Community Library. Sketch Club will meet from 4-5 p.m. Wednesday at Carbon Valley Regional Library. Kids Craft will take place from 11 a.m.-noon Thursday at Eaton Public Library. Roaming Readers Walking Club will meet from 1-2 p.m. Thursday at Riverside Library. Paws to Read will take place from 6:30-7:30 p.m. Thursday at LINC. Afternoon Storytime will take place from 1-2 p.m. Friday at Grover Library. Beyond the Classroom will take place from 3-4 p.m. Friday at Centennial Park Library. Enchanted Masquerade will take place from 6-8 p.m. Friday at LINC. Clearview Library District Read, Rhyme, and Romp will take place from 10-10:30 a.m. Monday at Severance Library. Creation Station will take place from 3:15-4:15 p.m. Monday at Severance Library. The Bookmobile will stop from 3:30-4 p.m. Monday at Northern Lights Park, 550 Saratoga Way, Windsor. Homeschool Social Hour will take place from 1-2 p.m. Tuesday at Windsor Library. Lego Explorers will take place from 3:15-4:15 p.m. Tuesday at Severance Library. Lunch and Learn will take place from noon-1:30 p.m. Wednesday at Windsor Library. Family Bingo will take place from 4:30-5:30 p.m. Wednesday at Windsor Library. Paws for Reading will take place from 10-11 a.m. Friday at Windsor Library. Good Tidings and Sweet Bites will take place from 5-7 p.m. Friday at Windsor Library. Teen Video Gaming will take place from 5-7 p.m. Friday at Windsor Library. Loveland Public Library Dungeons and Dragons open play will take place from 4:30-5:45 p.m. Monday at Loveland Public Library. Windows Basics class will take place from 4-5:30 p.m. Tuesday at the library. Teen Advisory Board will meet from 4:45-5:30 p.m. Tuesday at the library. Wildlife Window with Kevin Cook will take place from 10:15-11:15 a.m. Wednesday at the library. Brickmasters will take place from 4-5 p.m. Wednesday at the library. Family Storytime will take place from 10:15-10:45 a.m. Thursday at the library. Digital Scrapbooking Tools will take place from 4-5:30 p.m. Thursday at the library. Teen Video Game Tournament will take place from 4:30-5:30 p.m. Thursday at the library.
Former Uvalde schools police chief loses bid to toss criminal charges related to 2022 shootingSimon Harris’s Fine Gael party and coalition partner Fianna Fail look set to return to government after the Irish election, but the prime minister could face a battle to keep his post after his popular support appeared to drop. With counting still ongoing, early tallies and the official exit poll showed little to separate the two main incumbent parties and the opposition Sinn Fein. With no party having enough support to govern alone, the status quo will likely remain after Fine Gael and Fianna Fail ruled out a deal with Sinn Fein. Although the overall outcome looks increasingly clear, it’s far from certain Harris will emerge with the upper hand in what could be difficult negotiations with Fianna Fail. Micheal Martin’s party trailed in the official exit poll, but early results suggest it could emerge with the most first-preference votes — the simplest gauge of popular support — putting him in a better position in talks. “It’s far too hard to call at this stage as to who will come out as the largest party,” Harris told RTE on Saturday. “What is clear is that Fine Gael, Fianna Fail and Sinn Fein will be tightly bunched when it comes to final seats.” Martin predicted his Fianna Fail would outperform the exit poll, telling reporters there’s a “route to a very strong finish” for his party. But he cautioned that electoral fragmentation meant forming a government would be “challenging.” To be sure, the picture could change as counting takes in second-choice and subsequent preferences to determine final makeup of the Dail or parliament. A tight race is far from what Harris envisaged when he called the vote early — it wasn’t scheduled to be held until March — to try to capitalize on Fine Gael’s surge in support since he became Taoiseach in April. The media dubbed it the “Harris hop” and the 38-year-old made his campaign slogan “new energy” — despite being a former health minister and established government figure. A giveaway budget and what appeared to be a slump in support for Sinn Fein made it seem the optimal time to seek a new mandate. But Harris’s campaign was beset with slip-ups, starting with Ryanair Holdings Plc Chief Executive Officer Michael O’Leary using a Fine Gael event to make a jibe about teachers serving in government. The worst, though, was a viral video of Harris walking away from a disability care worker and dismissing her view that the government wasn’t doing enough. He later apologized. “Fine Gael may be a little bit disappointed that they didn’t make more gains,” said Lisa Keenan, political science assistant professor at Trinity College Dublin, though she added that given the campaign gaffes, Harris is also likely to be somewhat relieved. “We’ve seen a stabilization there.” From a commanding poll lead as late as September, Fine Gael appears to have slipped back into a three-party scramble to win the popular vote. It’s a key moment. Whoever forms the next government will enjoy a budget surplus and soaring tax receipts from U.S. companies including Apple Inc. operating there. What to do with Ireland’s billions has been a key focus of the election, with parties competing on spending ideas — even as the reelection of Donald Trump in the U.S. and his threat of trade tariffs injected a sense of caution. Worryingly for Harris, the exit poll also showed the premier trailing his two main rivals on the question of who should be next Taoiseach. Only 27% said they want the Fine Gael leader leading the country, while 35% said they would like Fianna Fail’s Martin, and 34% preferred Sinn Fein leader Mary Lou McDonald. McDonald’s strength comes from her support among young people, and that gels with the exit poll showing housing and homelessness were the biggest issues for voters, followed by the cost of living. Data published on election day showed homelessness in Ireland reached a record figure of almost 15,000. Sinn Fein’s steady rise has shaken up Irish politics since McDonald took over from Gerry Adams as president in 2018, becoming its first leader unconnected to the sectarian violence in Northern Ireland known as the Troubles. Its left-leaning agenda appealed to voters struggling with a housing shortage and rising inflation. While its support is well below the start of the year, when Sinn Fein appeared on course to form a government, the exit poll and early counting shows McDonald has established Sinn Fein as an electoral force. That has major implications for Irish politics. Fianna Fail and Fine Gael led every government since the state was formed 100 years ago, and while that looks set to continue, Sinn Fein’s emergence changes the dynamic. Still, without the option of a coalition with Fine Gael or Fianna Fail, Sinn Fein has no clear route to power. That means the focus in the coming days and likely weeks will be on Fine Gael and Fianna Fail and the arrangement they come to. Early tallies suggest Fianna Fail will improve on its performance in 2020, when the party that was in power during the 2008 financial crash reentered government for the first time in almost a decade. It’s possible that it wins several more seats than Fine Gael, which would give it considerable bargaining power in coalition talks and potentially restoring Martin, who served as prime minister for almost two years as part of the job share agreement between Fianna Fail and Fine Gael last time, as Taoiseach. Any deal between Fine Gael and Fianna Fail would not be the end of the story. Even combining their support, the two parties are likely to fall short of the 88 seats needed for a majority in the 174-seat parliament. The third coalition partner last time, the Green Party, face losses — not unusual for minor parties and also reflecting trends for green parties across Europe. Tallies suggest it could lose the majority of its 12 seats. But other smaller parties are expected to make gains. The Social Democrats, whose leader Holly Cairns gave birth on election day, could pick up seats. Labour are also optimistic. Although vote counting began at 9 a.m. on Saturday, a fuller picture is not expected until Sunday. Then the negotiations will begin. ©2024 Bloomberg L.P. Visit bloomberg.com. Distributed by Tribune Content Agency, LLC.Canadian airline executives testify before parliamentary committee about bag fees
Scottish international Adams scores long-range stunner in Serie A win for Torino EMPOLI, Italy (AP) — Scotland international Che Adams scored from almost the halfway line as Torino ended a run of poor form to win at Empoli 1-0 in Serie A on Friday. Canadian Press Dec 13, 2024 2:09 PM Dec 13, 2024 2:35 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Torino's Karol Linetty, right, fights for the ball with Empoli's Tino Anjorin during the Serie A soccer match between Empoli and Torino at the Castellani stadium, Italy, Friday Dec. 13, 2024. (Michele Nucci/LaPresse via AP) EMPOLI, Italy (AP) — Scotland international Che Adams scored from almost the halfway line as Torino ended a run of poor form to win at Empoli 1-0 in Serie A on Friday. Adams replaced Antonio Sanabria in the 64th minute and made his mark almost immediately. With 70 gone, he spotted the Empoli goalkeeper off his line and lobbed the ball over his head from inside the center circle. The goal ended his personal eight-game drought in spectacular fashion, and will ease pressure on coach Paolo Vanoli. The Turin club was unbeaten in its first five league games and topped the table for a time. But it has won only one of 10 games since, back in late October. Friday's win lifted Torino into 12th place, two places and three points behind Empoli. ___ AP soccer: https://apnews.com/hub/soccer The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Get your daily Victoria news briefing Email Sign Up More Soccer Valladolid beats fellow struggler Valencia to move off the bottom of La Liga Dec 13, 2024 2:43 PM Toulouse comes from behind to beat Saint-Etienne Dec 13, 2024 2:21 PM Freiburg survives late onslaught to beat Wolfsburg in Bundesliga thriller Dec 13, 2024 2:04 PM
15,000 baby Hamour fishes released into Sealine areaAndhra Pradesh chief minister N Chandrababu Naidu on Friday unveiled the document for Swarnandhra-2047 (Golden Andhra Pradesh) vision document, with the slogan of health, wealth and happiness for all by removing economic inequalities and eradication of poverty in the next 23 years. Addressing the gathering after unveiling the document at a glittering function in Vijayawada, Naidu said the Vision-2047 would change the course and direction of the state and would herald a new history. “We are moving forward with the resolve that the Telugu community will become number one in the world. Our goal is for Andhra Pradesh to lead the country,” he said. The chief minister said at present, the per capita income in the state is less than US $3,000. By 2047, the target is to increase the per capita income to US $ 42,000. “This is possible only through reforms in various sectors and our ultimate objective is to bring about a radical change in the people’s lives,” he said. He said the “Swarnandhra-2047 vision” was aimed at creating a society free of poverty should become our mantra. “Economic inequalities must be reduced. Poverty eradication should follow the P4 (people, public, private partnership) model,” he said, Naidu recalled that he had launched the Vision 2020 initiative during his earlier stint as the chief minister of combined Andhra Pradesh, wherein he advocated emergence of an IT professional from every household. “It has become a reality now. Now, as part of Vision 2047, every household should produce an entrepreneur. Providing employment and livelihood opportunities for everyone is the goal,” he said. The chief minister said his government was encouraging industrial setups and working towards generating jobs. “By providing skill training, we will develop human resources. Giving priority to water security, we are laying the foundation for a drought-free Andhra Pradesh. We have included integrating technology with agriculture as part of the vision,” Naidu added. The Swarnandhra-2047 vision document has declared 10 guiding principles for the all-round development of the state in the next 23 years. They are: Zero Poverty, Employment, Water security, Farmer-Agri Tech, Skilling & Human Resources Development, Global Best Logistics, Cost Optimisation-Energy & Fuel, Product Perfection, Swachh Andhra and Deep Tech-All Walks of Life. “Swarna Andhra vision outlines the roadmap for elevating Andhra Pradesh to new heights, focusing on economic growth, social development, and environmental sustainability. Over the next five years, Andhra Pradesh’s economy is projected to grow at 15% yearly rate, leading to approximately doubling of per capita income. By 2047, Andhra Pradesh is envisaged to have a transformative shift in its demographic, social and economic profile,” the document said.Mobile phone companies say they will further review service prices
OpenAI's legal battle with Elon Musk reveals internal turmoil over avoiding AI 'dictatorship'DALLAS and VANCOUVER, British Columbia and ROME, Dec. 13, 2024 (GLOBE NEWSWIRE) -- AleAnna, Inc. (together with its subsidiaries, “AleAnna” or the “Company”), an emerging leader in Italy’s energy landscape, announced the completion of the previously announced business combination (the “Business Combination”) between Swiftmerge Acquisition Corp. (NASDAQ: IVCP) (“Swiftmerge”), a special purpose acquisition company, and AleAnna Energy, LLC (“AleAnna Energy”). Concurrent with the completion of the Business Combination, Swiftmerge has changed its name to AleAnna, Inc. Commencing at the open of trading on December 16, 2024, the Class A shares of common stock and warrants of AleAnna are expected to begin trading on the NASDAQ Capital Market under the ticker symbols “ANNA” and “ANNAW”, respectively. The transaction was unanimously approved by the Board of Directors of Swiftmerge and was approved at an extraordinary general meeting (the “Shareholders Meeting”) of Swiftmerge’s shareholders on December 12, 2024. Former equity holders of AleAnna Energy rolled 100% of their equity interests into the combined company. Prior to the execution of the Agreement and Plan of Merger, dated June 6, 2024, AleAnna Energy's equity holders contributed over $60 million in cash, bringing the company's total cumulative investment to nearly $175 million. This infusion of capital enabled the completion of the Longanesi Field tie-in and the acquisition of initial renewable natural gas (“RNG”) assets, both finalized in Q3 2024. Additionally, the investment covered expenses related to the business combination and provided funding for general corporate liquidity. As of the transaction close, AleAnna had approximately $28 million in cash and cash equivalents on its balance sheet and no debt. This disciplined approach to financial management has empowered AleAnna to allocate significant capital to innovative exploration and development projects while preserving financial flexibility. Long History In Developing Resources in Italy AleAnna has a distinguished history in Italy, having been a leader in energy exploration and development for over a decade. Since its founding in 2007, the company has been dedicated to unlocking the significant potential of Italy’s natural gas reserves through the application of cutting-edge seismic imaging and environmentally responsible practices. AleAnna holds one of the largest portfolios of exploration permits and production concessions in Italy, spanning over 2.3 million acres. By combining advanced technology with a deep respect for Italy’s cultural and environmental heritage, AleAnna is expected to play a pivotal role in bolstering the nation’s energy independence and economic growth, earning its reputation as a trusted partner in Italy’s energy future. Positioning itself as a leader in both onshore conventional natural gas and renewable natural gas (RNG) production, AleAnna is at the forefront of building a secure and reliable domestic energy supply for Italy and the broader European market. The company stands on the cusp of a major milestone, with the first phase of natural gas production from the Longanesi Field projected to commence in Q1 2025. Alongside this, additional gas discoveries at Gradizza and Trava, 13 development prospects in various permitting stages, and leases covering approximately 2.3 million net acres underscore AleAnna’s commitment to future exploration and development. AleAnna is also helping drive the European Union's clean energy transition through its innovative approach to RNG. Leveraging the strategic overlap between its conventional and renewable assets in the Po Valley, AleAnna is transforming agricultural waste into renewable energy. With three RNG facilities operational and over 100 additional opportunities identified, AleAnna is poised for significant expansion in this sector. Guided by a commitment to corporate responsibility and a vision for a sustainable future, AleAnna integrates conventional and renewable energy solutions to reduce Europe’s carbon footprint and advance its clean energy objectives. By delivering innovative energy solutions, AleAnna continues to shape Italy’s energy landscape and support the EU’s transition toward a greener future. Experienced Management And Board Of Directors The combined company will be led by William Dirks as Executive Director and Marco Brun as Chief Executive Officer, supported by a seasoned and highly skilled executive team. AleAnna’s leadership team brings extensive expertise gained from top-tier energy companies, including Shell, Eni, and Exxon. This seasoned group combines in-depth knowledge of energy technology, operations, and business development with well-established regulatory and industry networks in Italy. Their collective experience equips AleAnna to effectively navigate the dynamic and rapidly evolving energy landscape. The Board of Directors, which will include Graham van’t Hoff, William Dirks, Marco Brun, Duncan Palmer, and Curtis Hébert, collectively brings a wealth of experience spanning global energy markets, technical and operational expertise, European energy development, financial management, governance, and regulatory policy. This diverse set of skills and perspectives ensures comprehensive strategic oversight and positions AleAnna for sustained growth and success. With over 15 years of investment and operational experience in Italy, AleAnna has a competitive advantage in securing critical permits and approvals, positioning it ahead of its peers. The company’s approach integrates cutting-edge technologies and industry-leading practices with strategic capital allocation to maximize the value of its conventional and renewable natural gas (RNG) assets. AleAnna is dedicated to sustainable, low-cost growth while maintaining strict capital discipline. By prioritizing innovation, efficiency, and long-term shareholder value, AleAnna is well-positioned to lead the next phase of Italy’s energy transformation. Management Commentary Bill Dirks, Executive Director of AleAnna, commented, “Our investment in state-of-the-art subsurface technology has been a game-changer for AleAnna. By leveraging advanced seismic imaging and cutting-edge data analysis, we have achieved unparalleled accuracy in identifying and developing Italy’s natural gas resources. This technology not only enhances our operational efficiency but also ensures that our exploration and development activities are conducted in an environmentally responsible manner, aligning with our commitment to sustainability and innovation in the energy sector.” Marco Brun, AleAnna’s Chief Executive Officer, added, “We stand at a pivotal moment in AleAnna's journey. As we gear up for production at Longanesi and scale our renewable natural gas (RNG) operations, we are proud to be at the forefront of driving a sustainable energy future. This strategy not only delivers value to AleAnna shareholders but also plays a key role in reshaping the energy landscape for generations to come.” About AleAnna, Inc. AleAnna is an innovative energy company dedicated to unlocking Italy's extensive natural gas reserves and advancing renewable energy solutions to address the country's energy needs and support Europe's sustainability and energy security goals. With a vast portfolio encompassing over 2.3 million acres of potential resources and state-of-the-art technologies, AleAnna is poised to lead Italy's energy transition. Guided by a commitment to environmental responsibility and operational excellence, AleAnna is shaping a sustainable and secure energy future. The company operates regional headquarters in Dallas, TX, and Rome, Italy, serving as strategic hubs for its global and local initiatives. Forward-Looking Statements The information included herein contains “forward-looking statements” 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. Certain statements, other than statements of present or historical fact included herein, regarding the Business Combination, the anticipated benefits of the Business Combination, AleAnna’s future financial performance following the Business Combination, as well as AleAnna’s strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used herein, including any statements made in connection herewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements. However, not all forward-looking statements contain such identifying words. These forward-looking statements are based on AleAnna management’s current expectations and assumptions about future events. They are based on current information about the outcome and timing of future events. You should not place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as otherwise required by applicable law, AleAnna disclaims any duty to update any forward-looking statements, all expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. AleAnna cautions you that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of AleAnna. These risks include, but are not limited to, general economic, financial, legal, political and business conditions and changes in domestic and foreign markets; the ability to recognize the anticipated benefits of the Business Combination and any transactions contemplated thereby, which may be affected by, among other things, competition, the ability of AleAnna to grow and manage growth profitably and retain its management and key employees; AleAnna’s need for additional capital to execute its business plan and support its anticipated growth; costs related to the Business Combination; the risks associated with the growth of AleAnna’s business and the timing of expected business milestones; AleAnna’s ability to identify, develop and operate new projects; the reduction or elimination of government economic incentives to the natural gas market; delays in acquisition, financing, construction and development of new projects; decline in public acceptance and support of renewable energy development and projects; the ability to obtain necessary regulatory and governmental permits and approvals; uncertainty regarding the EU’s clean energy transition, including existing regulations and changes to regulations and policies that affect AleAnna’s operations; the ability to maintain the listing of AleAnna’s securities on a national securities exchange; and the effects of competition on AleAnna’s future business. These forward-looking statements involve significant risks and uncertainties, and should one or more of the risks or uncertainties described herein and in any statements made in connection in addition to these occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. There may be additional risks that AleAnna does not know or that AleAnna currently believes are immaterial that could cause actual results to differ from those contained in the forward-looking statements. Additional information concerning these and other factors that may impact AleAnna’s expectations and projections can be found in filings it makes with the SEC, including the definitive proxy statement/prospectus filed by Swiftmerge and AleAnna Energy with the SEC on November 21, 2024, including those under “Risk Factors” therein, and other documents filed or to be filed with the SEC by AleAnna. SEC filings are available on the SEC’s website at www.sec.gov . Investor Relations Contact For AleAnna, Inc.: Bill Dirks wkdirks@aleannagroup.com
SEATTLE--(BUSINESS WIRE)--Dec 19, 2024-- Expedia Group (NASDAQ: EXPE) announced today that Scott Schenkel has been appointed as Expedia Group’s Chief Financial Officer, effective the day after Expedia Group files its Annual Report on Form 10-K for the year ended December 31, 2024 (which is expected to be on or about February 7, 2025). As previously announced, Julie Whalen will remain in the CFO role through February to ensure a smooth transition. As CFO, Mr. Schenkel will be responsible for leading Expedia Group’s global finance organization and will be based in Seattle, reporting directly to the Company’s Chief Executive Officer, Ariane Gorin. Mr. Schenkel has more than 30 years of global business and financial leadership expertise across e-commerce, healthcare, and technology businesses. As an operationally focused CFO, his experience spans company, business unit and functional leadership with extensive knowledge in financial planning, analytics, strategy, audit, mergers and acquisitions, integration, and process improvement. “Scott joins Expedia Group with extensive financial leadership experience across global businesses, particularly in e-commerce,” said Ariane Gorin, Chief Executive Officer, Expedia Group. “His expertise, operational acumen, and strategic insight will be instrumental as we strengthen our position as a global leader in travel. I look forward to working with Scott to drive our strategic goals forward. I also want to thank Julie for her significant contributions and dedication during her tenure as CFO, as well as for ensuring a smooth transition to Scott.” “I’m honored to join Expedia Group and excited about the opportunity to contribute to such an innovative and dynamic company,” said Scott Schenkel. “I look forward to collaborating with Ariane and the team to drive financial excellence and support the company’s mission of powering global travel experiences.” About Scott Schenkel Mr. Schenkel most recently served as the Interim CEO of eBay Inc. from September 2019 through April 2020 and its Senior Vice President and Chief Financial Officer from 2015 to 2019. Prior to the eBay CFO role, he spent six years as Senior Vice President and Chief Financial Officer of eBay Marketplace, having originally joined eBay in 2007 as Vice President of Global Financial Planning and Analytics. Prior to eBay, Mr. Schenkel spent nearly 17 years at General Electric Company in a variety of financial leadership roles. About Expedia Group Expedia Group, Inc. brands power travel for everyone, everywhere through our global platform. Driven by the core belief that travel is a force for good, we help people experience the world in new ways and build lasting connections. We provide industry-leading technology solutions to fuel partner growth and success, while facilitating memorable experiences for travelers. Expedia Group’s three flagship consumer brands include: Expedia®, Hotels.com ®, and Vrbo®. Forward Looking Statements This press release contains certain statements that constitute "forward-looking statements" within the meaning of federal securities laws, including statements regarding Expedia Group’s CFO transition. These statements are based on management's assumptions and beliefs in light of the information currently available to it. Such statements are indicated by words or phrases such as "anticipate," "continue," "expect," "future," "position," "strategy," "will," and variations of such words and similar phrases. Various uncertainties and other factors could cause actual results to differ materially from those contained in the forward-looking statements. These include the specific risk factors identified in "Risk Factors" in our annual report on Form 10-K for our last fiscal year and any subsequent filings. Expedia Group assumes no obligation to update the information contained herein unless required by applicable law. Please refer to Expedia Group’s reports and filings with the Securities and Exchange Commission for a further discussion of these risks and uncertainties. For more information, visit www.expediagroup.com . Follow us on X @expediagroup and check out our LinkedIn. © 2024 Expedia, Inc., an Expedia Group company. All rights reserved. Trademarks and logos are the property of their respective owners. CST: 2029030-50 View source version on businesswire.com : https://www.businesswire.com/news/home/20241219878769/en/ press@expedia.com KEYWORD: WASHINGTON UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TRANSPORTATION LODGING ONLINE RETAIL DESTINATIONS TECHNOLOGY VACATION TRAVEL ELECTRONIC COMMERCE RETAIL INTERNET OTHER TRAVEL SOURCE: Expedia Group, Inc. Copyright Business Wire 2024. PUB: 12/19/2024 04:10 PM/DISC: 12/19/2024 04:10 PM http://www.businesswire.com/news/home/20241219878769/enBY MELISSA GOLDIN Social media users are misrepresenting a report released Thursday by the Justice Department inspector general’s office, falsely claiming that it’s proof the FBI orchestrated the Capitol riot on Jan. 6, 2021. Related Articles National News | OpenAI whistleblower found dead in San Francisco apartment National News | Judge rejects an attempt by Trump campaign lawyer to invalidate guilty plea in Georgia election case National News | Texas’ abortion pill lawsuit against New York doctor marks new challenge to interstate telemedicine National News | US military flies American released from Syrian prison to Jordan, officials say National News | Nearly half of US teens are online ‘constantly,’ Pew report finds The watchdog report examined a number of areas, including whether major intelligence failures preceded the riot and whether the FBI in some way provoked the violence. Claims spreading online focus on the report’s finding that 26 FBI informants were in Washington for election-related protests on Jan. 6, including three who had been tasked with traveling to the city to report on others who were potentially planning to attend the events. Although 17 of those informants either entered the Capitol or a restricted area around the building during the riot, none of the 26 total informants were authorized to do so by the bureau, according to the report. Nor were they authorized to otherwise break the law or encourage others to do so. Here’s a closer look at the facts. CLAIM: A December 2024 report released by the Department of Justice’s Office of the Inspector General is proof that the Jan. 6 Capitol riot was a setup by the FBI. THE FACTS: That’s false. The report found that no undercover FBI employees were at the riot on Jan. 6 and that none of the bureau’s informants were authorized to participate. Informants, also known as confidential human sources, work with the FBI to provide information, but are not on the bureau’s payroll. Undercover agents are employed by the FBI. According to the report, 26 informants were in Washington on Jan. 6 in connection with the day’s events. FBI field offices only informed the Washington Field Office or FBI headquarters of five informants that were to be in the field on Jan. 6. Of the total 26 informants, four entered the Capitol during the riot and an additional 13 entered a restricted area around the Capitol. But none were authorized to do so by the FBI, nor were they given permission to break other laws or encourage others to do the same. The remaining nine informants did not engage in any illegal activities. None of the 17 informants who entered the Capitol or surrounding restricted area have been prosecuted, the report says. A footnote states that after reviewing a draft of the report, the U.S. attorney’s office in Washington said that it “generally has not charged those individuals whose only crime on January 6, 2021 was to enter restricted grounds surrounding the Capitol, which has resulted in the Office declining to charge hundreds of individuals; and we have treated the CHSs consistent with this approach.” The assistant special agent in charge of the Washington Field Office’s counterterrorism division told the inspector general’s office that he “denied a request from an FBI office to have an undercover employee engage in investigative activity on January 6.” He, along with then-Washington Field Office Assistant Director in Charge Steven D’Antuono, said that FBI policy prohibits undercover employees at First Amendment-protected events without investigative authority. Many social media users drew false conclusions from the report’s findings. “JANUARY 6th WAS A SETUP!” reads one X post that had received more than 11,400 likes and shares as of Friday. “New inspector general report shows that 26 FBI/DOJ confidential sources were in the crowd on January 6th, and some of them went into the Capitol and restricted areas. Is it a coincidence that Wray put in his resignation notice yesterday? TREASON!” The mention of Wray’s resignation refers to FBI Director Christopher Wray’s announcement Wednesday that he plans to resign at the end of President Joe Biden’s term in January. Other users highlighted the fact that there were 26 FBI informants in Washington on Jan. 6, but omitted key information about the findings of the report. These claims echo a fringe conspiracy theory advanced by some Republicans in Congress that the FBI played a role in instigating the events of Jan. 6, 2021, when rioters determined to overturn Republican Donald Trump’s 2020 election loss to Democrat Joe Biden stormed the Capitol in a violent clash with police. The report knocks that theory down. Wray called such theories “ludicrous” at a congressional hearing last year. Asked for comment on the false claims spreading online, Stephanie Logan, a spokesperson for the inspector general’s office, pointed The Associated Press to a press release about the report. In addition to its findings about the the FBI’s involvement on Jan. 6, the report said that the FBI, in an action its now-deputy director described as a “basic step that was missed,” failed to canvass informants across all 56 of its field offices for any relevant intelligence ahead of time. That was a step, the report concluded, “that could have helped the FBI and its law enforcement partners with their preparations in advance of January 6.” However, it did credit the bureau for preparing for the possibility of violence and for trying to identify known “domestic terrorism subjects” who planned to come to Washington that day. The FBI said in a letter responding to the report that it accepts the inspection general’s recommendation “regarding potential process improvements for future events.”TUCSON, Ariz.--(BUSINESS WIRE)--Dec 19, 2024-- Mister Car Wash, Inc. (the “Company”) (NYSE: MCW), the nation’s largest car wash brand, today announced that it will voluntarily transfer the listing of its common stock from the New York Stock Exchange (“NYSE”) to the Nasdaq Global Select Market (“Nasdaq”) effective December 31, 2024, after market close. The Company expects its common stock to begin trading on Nasdaq upon market open on January 2, 2025, and continue to trade under the ticker symbol "MCW". Headquartered in Tucson, Arizona, Mister Car Wash, Inc. (NYSE: MCW) operates over 500 locations and has North America's largest car wash subscription program. With a passionate team of professionals, advanced technology, and a commitment to exceptional customer experiences, Mister Car Wash is dedicated to providing a clean, shiny, and dry vehicle every time. The Mister brand is deeply rooted in delivering quality service, fostering friendliness, and demonstrating a genuine commitment to the communities it serves while prioritizing responsible environmental practices and resource management. To learn more visit . This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding Mister Car Wash’s expectations regarding the timing and benefits of the transfer of its common stock listing to Nasdaq are forward-looking statements. Words including “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “seek,” “should,” or “will” or the negative thereof or other variations thereon or comparable terminology are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking. These forward-looking statements are based on management’s current expectations and beliefs. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements, including, but not limited to those factors discussed under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as such factors may be updated from time to time in its other filings with the SEC accessible on the SEC’s website at and the Investors Relations section of the Company’s website at . Any forward-looking statement that the Company makes in this press release speaks only as of the date hereof. Except as required by law, the Company does not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise. View source version on : CONTACT: Investors Edward Plank Media KEYWORD: ARIZONA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: AFTERMARKET RETAIL AUTOMOTIVE OTHER AUTOMOTIVE OTHER RETAIL GENERAL AUTOMOTIVE FLEET MANAGEMENT SOURCE: Mister Car Wash, Inc. Copyright Business Wire 2024. PUB: 12/19/2024 04:05 PM/DISC: 12/19/2024 04:06 PMenGene Holdings Inc. (Nasdaq: ENGN, or “enGene” or the “Company”), a clinical-stage genetic medicines company whose non-viral lead investigational product detalimogene voraplasmid, (also known as detalimogene, and previously EG-70), is in an ongoing pivotal study in patients with high-risk, Bacillus Calmette-Guérin (BCG)-unresponsive, non-muscle invasive bladder cancer (NMIBC) with carcinoma in situ (CIS), announced its financial results for the full year ended October 31, 2024 and provided a business update. “Having demonstrated a 71% anytime complete response rate in the preliminary data from the LEGEND study’s pivotal cohort of BCG-unresponsive NMIBC patients, initiated three additional NMIBC patient cohorts, and raised an additional $60 million in funding, enGene is in a strong clinical and financial position as we close the year,” said Ron Cooper, Chief Executive Officer of enGene. “With trial recruitment open across all cohorts, the profile of detalimogene continues to become clearer and stronger and, with the protocol enhancements now in place, we look forward to sharing LEGEND study updates across all cohorts expected in the second half of 2025.” In September 2024, the Company announced preliminary data from 21 patients assessed at three months, including 17 patients who were also assessed at six months, in the ongoing pivotal cohort of the LEGEND study. The Complete Response (CR) rate at any time was 71%, the CR rate at three months was 67% and the CR rate at six months was 47%. Detalimogene was generally well-tolerated by patients and no patients discontinued due to treatment-related adverse events. In addition to reporting preliminary clinical data from LEGEND’s pivotal cohort, the Company has implemented protocol changes that affect how disease is managed throughout the trial as well as the criteria for study discontinuation. The Company believes the revised LEGEND protocol better aligns with current treatment standards and real-world practice. enGene initiated recruitment across three additional cohorts of NMIBC patients, including Cohort 2a and 2b (i.e., NMIBC patients with CIS who are naïve to treatment with BCG and NMIBC patients with CIS who have been exposed to BCG, but have not received adequate BCG treatment), and Cohort 3 (BCG-unresponsive high-risk NMIBC patients with papillary-only disease). The above-mentioned amendment to the LEGEND protocol also allows patients from any cohort who are in complete response at 12 months to continue receiving detalimogene on a dose-reduced maintenance schedule throughout their second year of treatment. At the end of year two, patients may optionally elect to remain on maintenance therapy for another year, for a total of three years of therapy. Maintenance treatment will consist of two instillations of detalimogene per three-month cycle, administered at week 1 and at week 2 of each cycle. The Company believes this could provide further evidence of the long-term benefit of detalimogene, with the dose-reduced maintenance regimen lessening the burden of frequent urology visits for instillations. The LEGEND study was selected for inclusion in the SUO-CTC, a U.S. and Canadian-based organization with over 250 trial sites dedicated to the successful enrollment and conduct of clinical trials for their patients with urologic cancers. In October 2024, the Company announced the appointment of Joan Connolly, a seasoned technical operations leader with more than 30 years’ experience, as Chief Technology Officer (CTO) and member of the corporate leadership team. enGene Co-Founder and former CTO, Anthony Cheung, Ph.D., transitioned to the role of Chief Scientific Officer, while Alex Nichols, Ph.D., previously the Chief Operating Officer, was appointed Chief Strategy and Operations Officer. As of October 31, 2024, cash, cash equivalents and marketable securities were $297.9 million. The Company expects that its existing cash and cash equivalents will fund operating expenses, debt obligations and capital expenditures into 2027. Total operating expenses were $62.3 million for the full year ended October 31, 2024, compared to $26.1 million for 2023. Research and development expenses increased by $21.9 million, mainly due to increasing manufacturing and clinical costs related to our LEGEND study and headcount costs. General and administrative expenses increased by $14.4 million, primarily driven by headcount costs and professional fees and other expenses as the Company scales its general and administrative function to support the operation of a public company. For the full year ended October 31, 2024, net loss attributable to common shareholders was approximately $55.1 million, or $1.46 per share, compared to approximately $104.7 million, or $151.22 per share, for the full year 2023. The decrease in net loss is mainly attributed to other expenses incurred in 2023 related to convertible debentures and warrants, partially offset by the increase in operating expenses during 2024. enGene is a clinical-stage biotechnology company mainstreaming genetic medicines through the delivery of therapeutics to mucosal tissues and other organs, with the goal of creating new ways to address diseases with high clinical needs. enGene’s lead program is detalimogene voraplasmid (also known as detalimogene, and previously EG-70) for patients with Non-Muscle Invasive Bladder Cancer (NMIBC) – a disease with a high clinical burden. Detalimogene is being evaluated in the ongoing multi-cohort LEGEND Phase 2 study, which includes a registrational cohort studying detalimogene in Bacillus Calmette-Guérin (BCG)-unresponsive patients with carcinoma in situ (CIS). Detalimogene was developed using enGene’s proprietary Dually Derivatized Oligochitosan (DDX) platform, which enables penetration of mucosal tissues and delivery of a wide range of sizes and types of cargo, including DNA and various forms of RNA. For more information, visit . Certain statements contained in this press release may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and “forward-looking information” within the meaning of Canadian securities laws (collectively, “forward-looking statements”). enGene’s forward-looking statements include, but are not limited to, statements regarding enGene’s management teams’ expectations, hopes, beliefs, intentions, goals or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate”, “appear”, “approximate”, “believe”, “continue”, “could”, “estimate”, “expect”, “foresee”, “intends”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “seek”, “should”, “would”, and similar expressions (or the negative version of such words or expressions) may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about: the timing and anticipated results of our current and future clinical trials, including preliminary results, beliefs as to the timing and anticipated results of the LEGEND study, including the timing of preliminary data or other updates, the timing of our planned BLA submission to the Food and Drug Administration, the anticipated uses of our cash and cash equivalents, the potential benefits of detalimogene, and the expected period over which we estimate our cash and cash equivalents will be sufficient to fund our current operating plan . Many factors, risks, uncertainties and assumptions could cause the Company’s actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, the Company’s ability to recruit and retain qualified scientific and management personnel, establish clinical trial sites and enroll patients in its clinical trials, execute on the Company’s clinical development plans and ability to secure regulatory approval on anticipated timelines, and other risks and uncertainties detailed in filings with Canadian securities regulators on SEDAR+ and with the U.S. Securities and Exchange Commission (“SEC”) on EDGAR, including those described in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2024 (copies of which may be obtained at www.sedarplus.ca or www.sec.gov). You should not place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. enGene anticipates that subsequent events and developments will cause enGene’s assessments to change. While enGene may elect to update these forward-looking statements at some point in the future, enGene specifically disclaims any obligation to do so, unless required by applicable law. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. For media contact: For investor contact:
The AP Top 25 men’s college basketball poll is back every week throughout the season! Get the poll delivered straight to your inbox with AP Top 25 Poll Alerts. Sign up here . BOZEMAN, Mont. (AP) — Marcus Adams Jr. had 21 points in CSU Northridge’s 72-69 overtime win against Montana State on Saturday night. Patrick McMahon split a pair of free throws to pull Montana State to 70-69 with 18 seconds left in overtime. Jordan Brinson made two free throws on the ensuing possession for the Matadors before Brian Goracke missed a 3-point attempt for the Bobcats to end it. McMahon also split a pair of free throws with two seconds left in regulation to tie it 64-all. Scotty Washington missed a 3 for the Matadors to force overtime. Adams also grabbed seven rebounds for the Matadors (6-2). Keonte Jones added 11 points, 11 rebounds, six assists, and four blocks. Washington finished with nine points. Agbonkpolo led the Bobcats (3-5) with 21 points, seven rebounds and two steals. Tyler Patterson added 12 points for Montana State. Brandon Walker also had 11 points and five assists. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .Second-half comeback gives Udinese win at Fiorentina where Bove is on the bench FLORENCE, Italy (AP) — Fiorentina missed a chance to go fourth in Serie A on Monday when it conceded two second half goals and lost at home to Udinese 2-1. Canadian Press Dec 23, 2024 11:41 AM Dec 23, 2024 12:06 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Fiorentina's Moise Kean celebrates after scoring his side's first goal during the Italian Serie A soccer match between Fiorentina and Udinese, Artemio Franchi Stadium in Florence, Italy, Monday Dec. 23, 2024 (Massimo Paolone/LaPresse via AP) FLORENCE, Italy (AP) — Fiorentina missed a chance to go fourth in Serie A on Monday when it conceded two second half goals and lost at home to Udinese 2-1. The Florence club won a record eight consecutive Serie A games before losing to Bologna 1-0 on Dec. 15, and it looked to be back on track when Moises Kean converted a penalty after eight minutes to become the first Fiorentina player to reach double figures in the league since Federico Chiesa in the 2019-20 season. However, Udinese was a different prospect after the break. Lorenzo Lucca equalized with the aid of sloppy defending four minutes into the second half and then Florian Thauvin found space on the edge of the box to curl in the second eight minutes later. The result left Udinese in ninth place and Fiorentina in fifth. The match was a special one for Edoardo Bove, the Fiorentina player whose collapse with a heart issue led to the suspension of its game with Inter Milan on Dec. 1. Bove was fitted with a defibrillator implant soon after and sat on the Fiorentina bench for the first time since his collapse. He is not allowed to play but his position on the sideline alongside coach Raffaele Palladino was seen as a step towards normality for the 22-year-old midfielder. ___ AP soccer: https://apnews.com/hub/soccer The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Get your daily Victoria news briefing Email Sign Up More Soccer FIFPRO against FIFA's temporary changes to transfer rules Dec 23, 2024 11:22 AM World Cup winner Alessandro Nesta fired by last-place Serie A club Monza Dec 23, 2024 8:12 AM Australia is banning social media for teens. Should Canada do the same? Dec 23, 2024 7:13 AM
A rash of bad third-quarter results from key listed companies hit the Stock Exchange of Thailand (SET) in November, leading to relatively subdued trading activity during the month. External factors also loomed large. The US presidential election affected the SET significantly for the first two weeks of November, and we saw foreign fund outflows that continued through the rest of the month. With Donald Trump winning, investors expect the US economy to strengthen, with all roads pointed towards the US bourses. However, enthusiasm seemed to fade in the second half of the month. SET fundamentals were actually weak in November, but brisk trade in the large-cap Delta Electronics Plc kept the index from falling too much. In fact, every 1-baht change in the DELTA share price was roughly equivalent to a 1-point index change. DELTA shares were supporting the SET until the last week of November, when the stock was placed on a trading alert list and subsequently fell 28 points in one day, pushing the main gauge down 22 points. The Thai market continued to weaken, hitting its low for the month at 1,421.96 points before clawing back to end the month at 1,427.54, down 2.6% from a month earlier. Average daily turnover was 43.1 billion baht, down by 19.6%. Foreign net selling for November was 13.7 billion baht, compared with net buying from local institutions of 3.8 billion baht and retail investors of 8.5 billion baht. Vayupak Fund activities also appear to have pulled back in November. Trump Trade 2.0 has been the talk of analysts since his election win. Both corporate and personal income tax are expected to be reduced, with import tariff hikes specifically for products from China, Mexico and Canada. These increases are expected to lift inflation in the long term and mean the Fed may not be able to decrease interest rates as much as previously expected. The US 10-year bond yield surged to almost 4.5% in early November, while US stock markets reached new highs in the immediate aftermath of the election. Other than the Trump victory, the other big factor influencing the SET in November was the third-quarter results of listed companies. They were mostly negative, with less than 30% of the results beating market expectations. Roughly 30% of the results were in line with forecasts, while more than 40% missed market expectations. This worsened SET sentiment, signalling downward revisions in market earnings forecasts for this year and next. Thus far in December, negative sentiment has continued to pressure the SET. However, we believe investments from tax-saving Thai ESG funds could act as a saviour for the SET at the end of the year. The tax allowance was raised to 300,000 baht and the holding period reduced to five years, seeking to entice investors to buy TESG funds, similar to tactics for long-term investment funds in the past. Net buying of shares by local institutions has picked up in early December and we believe these to be from TESG funds. DECEMBER PICKS Our investment theme this month focuses on companies that could be targeted by TESG funds and should benefit from the festive season, namely Airports of Thailand (AOT), the IT retailer COM7, 7-Eleven operator CPALL, and Siam Commercial Bank (SCB). In the transport space, AOT will enjoy a boost from the tourism high season. In 2025, we expect the number of tourists to grow 14%, while management conservatively projects revenue growth of 10%. AOT's expansion plan is on track and should increase capacity at its six airports to 70 million passengers, up from 60 million currently. We appreciate that as the expansion will happen gradually, capital expenditure should also be booked gradually, rather than in big chunks. With an ESG rating of A and CG rating of 5, we believe AOT will be targeted by TESG funds. The IT retailer COM7 is enjoying its quarterly peak for the year. While its third-quarter net profit of 709 million baht was 10% below our expectations, the launch of the new iPhone 16 has been a hit and that revenue will be fully recognised in the fourth quarter. The company also started a new business line -- solar cells -- and is expecting to enter the SET50 index starting next year. The convenience store giant CPALL continues to be a top pick. We remain focused on domestic retail and expect the company to benefit from a buoyant tourism industry. Moreover, we believe CPALL will benefit from the next round of the government's 10,000-baht handout at the beginning of 2025. Ready-to-eat products continue to be outperformers, offering higher margins. With an ESG rating of AAA and CG rating of 5, CPALL should be another target for TESG funds. Lastly, we like SCB, one of the few banks to report better than expected third-quarter earnings (10.9 billion baht, up 13% year-on-year and 9% quarter-on-quarter). SCB is preparing for lower interest rates; management expects every 1% decline in the policy rate to impact its net interest margin (NIM) by 25-30 basis points for both loans and savings. As SCB expects rates to fall by 50bps, the downside to its NIM should be only 12-15bps. With a yield of 9% per year, SCB's high dividend payout is one of its key selling points.
Barbara Morris doesn't really remember much from her Hour Record attempt. "I've forgotten everything about how it felt during (the ride)," she said. "I remember before, I remember feeling quite nervous about the whole thing. Then you breathe, then you go, then you're done." And when she was done, she was sitting with a new Canadian record distance for her category. For the uninitiated, the Hour Record is a cycling race where riders attempt to ride as far as they can in an hour. The race is a distillation of cycling into its purest form. The racer rides a fixed-gear track bike around a velodrome continuously for an hour in an attempt to go the furthest distance. But something as simple as riding a bike in a circle for an hour is also one of the cycling world's biggest challenges. The Hour Record has been pursued since at least 1876, when an American rider named Frank Dodds rode 26.508 km on a penny-farthing. Since then, the top names in cycling have attempted to one up each other, pushing the limits of human endurance, technology and fitness to astounding heights. At the bleeding edge of the sport today, the record stands at 56.792 km and is held by pro racer Filippo Ganna, and the elite pro women's record is 50.267 km, held by Vittoria Bussi. But the race isn't just for the world tour pros. Every year, there is an event called Day of the Hour in Milton, Ont. where athletes can test themselves against the clock. In August, 2024, Comox Valley cyclists Barbara Morris and Derek Steel both took to the track in Milton and made their attempts, and they came away quite successful. Morris now has the Canadian record for Women aged 65-69, riding 38.838 km, and Steel has the world record for men aged 80-84, travelling 39.836 km. "Giuseppe Marinoni was the first person in Derek's age group to set the world record," Morris said. Marinoni, a well-known figure in Canadian cycling, is also the founder of the Marinoni bike brand. Steel said that if he and Marinoni were to have started at the same time, Steel would have lapped Marinoni a few times over. Riders have to train to maintain a high cadence (pedalling speed) and hold themselves still in an uncomfortable, aerodynamic position for the entirety of the race. They do not get to monitor their pace, except through their coaches yelling split times every lap or so and have to endure a lot of physical pain to pull it off. They also have to train for years to build up their endurance and stamina for the event. "You're keeping your body in position and trying to be as aerodynamic as possible," Morris said. "After 30 minutes on the loudspeaker they would say it was half over, and I was like 'only half?' " "I heard the announcement saying there was 15 minutes to go, and it felt like I'd been there for two hours already, just being in that position," Steel added. At this level of competition, the gear plays a large role in the event. Some consider the race to be a test of the limits of equipment as much as it is a test of the human limits. Through testing, van der Vliet determined the optimum cadence for both riders and chose gear ratios to maximize that. He also considered things like chain friction and the number of watts the riders would save if their chains were going around larger gears that would cause fewer articulations. However, at the end of the day, it was all about the rider. Steel's bike is more than 15 years old, and Morris', though newer, is not at the level of a rider like Ganna (Ganna's kit cost more €75,000, or $109,795.87 Canadian). There is only so much technical innovation that can go into a track bike, which has fixed gears and doesn't even have brakes. The journey to even attempting an Hour Record is long. Steel started training two years ago, but had to postpone his attempt due to an injury. Morris joined him a year later. Under the watchful eye of coach John van der Vliet, they did everything from hill repeats to motor pacing (riding behind a motorcycle or scooter to reduce air resistance) to get their speed and endurance up. The pair also travelled to Victoria to train in the outdoor velodrome there. But to Morris and Steel, riding bikes at a high level is just what they do. Steel, at 81 years old, will be racing cyclocross this weekend in Nanaimo and has already signed up for the 2025 Trek BC Gravel Series for 2025. Morris, in her 60s, will be helping spread her knowledge to upcoming generations of riders and training for a full season of racing in the new year. Both are members of the Comox Valley Cycling club, which is actively seeking new members (and they don't have to be racers). "I want younger people to look at me, at 81, and see something they can aspire to," Steel said. "I'm racing against 55-year-olds next weekend. If we were to cut off the point series right now, I'd be in eighth place over all ... that's why I do it. Don't give up, age isn't that important. It's just a mindset." For more information on the Comox Valley Cycle Club, visit comoxvalleycycle.club .
LIBERTY LAKE, Wash., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for energy providers and cities to manage energy and water, announced today a collaboration with Xcel Energy to manage the growing number of distributed energy resources (DERs) in Colorado, including residential battery energy storage, to support grid flexibility and customer choice. As part of this collaboration, Xcel Energy has contracted with Itron to deploy an Aggregator Distributed Energy Resource Management System (DERMS) from Itron’s Grid Edge Intelligence portfolio to help manage DERs. On average, 25% of all U.S. homes with solar PV also have battery energy storage. As consumer adoption of battery energy storage continues to grow, energy providers can use Aggregator DERMS to enlist consumer-owned residential battery storage at the edge of the grid as a resource to support the grid. Residential batteries, and other DERs, can help optimize grid operations, promoting greater system reliability, lower energy costs and increased customer choice to adopt solar generation and electric vehicles. Aggregator DERMS enables both aggregated management of DERs for tasks such as load balancing and demand response as well as localized management of DERs for managing solar panels, EV chargers and smart thermostats. Itron’s Aggregator DERMS allows Xcel Energy to use residential battery storage through its Renewable Battery Connect program to manage peak loads and to support reliable electric service to customers. “As we lead the clean energy transition, Xcel Energy continues to make strides to deliver energy to our customers when and where they need it. Using our Virtual Power Plant program - Renewable Battery Connect, we can manage distributed energy resources to help our energy grid meet unprecedented increases in demand from a more electrified economy,” said Emmett Romine, VP Customer Energy & Transportation Solutions at Xcel Energy. “We’re delivering clean, reliable and resilient electricity to customers while keeping bills low, and we’re always looking for opportunities to use new technologies to benefit our customers.” “Xcel Energy is an innovator in adopting and deploying systems that are ready for the increase in DERs. Our solution turns these customer-owned devices into grid assets, which is crucial for an electrified future,” said Don Reeves, senior vice president of Outcomes at Itron. “Itron’s Aggregator DERMS can lay the foundation for autonomous management of DERs, when used with distributed intelligence, to provide real-time visibility into the grid edge. This broader solution uses back-office analytics combined with DI edge computing that operates on a customer’s Itron electric meter directly. DI can connect to, and coordinate with the customer’s DER, such as battery storage, to continuously take advantage of stored energy in near real-time to protect customer and grid assets autonomously, which is an industry first.” “Itron’s Grid Edge Intelligence portfolio currently manages 3 million DER devices for 30 utilities across the U.S. and helps solve the challenges of tomorrow by leveraging the power of grid edge intelligence. I look forward to our continued collaboration with Xcel Energy and supporting a grid that’s ready for the future of DERs.” To learn more about Itron’s Grid Edge Intelligence portfolio, visit the solution page . About Itron Itron is a proven global leader in energy, water, smart city, IIoT and intelligent infrastructure services. For utilities, cities and society, we build innovative systems, create new efficiencies, connect communities, encourage conservation and increase resourcefulness. By safeguarding our invaluable natural resources today and tomorrow, we improve the quality of life for people around the world. Join us: www.itron.com . Itron ® and the Itron Logo are trademarks of Itron, Inc in the United States and other countries and regions. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated. For additional information, contact: Itron, Inc. Alison Mallahan Senior Manager, Corporate Communications 509-891-3802 PR@Itron.com Paul Vincent Vice President, Investor Relations 512-560-1172 Investors@itron.com Itron, Inc. LinkedIn: www.linkedin.com/company/itroninc X: www.x.com/itroninc Newsroom: https://itron.com/newsroom Blog: https://itron.com/blogTrump wants pardoned real estate developer Charles Kushner to be ambassador to France
Share this Story : GARRIOCH: The Ottawa Senators version of 'Twas the Night before Christmas Copy Link Email X Reddit Pinterest LinkedIn Tumblr Breadcrumb Trail Links Ottawa Senators Sports Hockey NHL Senators Extra GARRIOCH: The Ottawa Senators version of 'Twas the Night before Christmas Author of the article: Bruce Garrioch Published Dec 23, 2024 • 4 minute read Join the conversation You can save this article by registering for free here . Or sign-in if you have an account. Jake Sanderson of the Ottawa Senators celebrates with teammates Brady Tkachuk and Tim Stutzle after scoring the game-winning goal against the Vancouver Canucks. Photo by Rich Lam / GETTY IMAGES Article content With my annual apologies to Clement Clarke Moore: ‘Twas the night before Christmas and all through the rink, not a creature was stirring, not even representatives of the National Capital Commission with moving vans for a trip downtown to LeBreton Flats faster than anyone could think. The stockings were hung by the Canadian Tire Centre chimney with care in hopes that Santa Claus would deliver a gold medal for Team Canada at the world junior championship and a Stanley Cup for the Ottawa Senators there, too. Advertisement 2 Story continues below This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Elizabeth Payne, David Pugliese, Andrew Duffy, Bruce Deachman and others. Plus, food reviews and event listings in the weekly newsletter, Ottawa, Out of Office. Unlimited online access to Ottawa Citizen and 15 news sites with one account. Ottawa Citizen ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. Support local journalism. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Elizabeth Payne, David Pugliese, Andrew Duffy, Bruce Deachman and others. Plus, food reviews and event listings in the weekly newsletter, Ottawa, Out of Office. Unlimited online access to Ottawa Citizen and 15 news sites with one account. Ottawa Citizen ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Sign In or Create an Account Email Address Continue or View more offers If you are a Home delivery print subscriber, online access is included in your subscription. Activate your Online Access Now Article content Michael Andlauer was nestled, all snug in his bed. With visions of a second six-game winning streak and making the post-season dancing in his head. And, Steve Staios in his pyjamas and Travis Green in his cap, had just gotten in the wrapper to see if they could get in a little pre-game nap. When out on the lawn there arose such a clatter. Good ol’ Claude Giroux sprung from his bed to see if he might have to drop the gloves to deal with this matter. Away from the book stand Giroux flew like he was in a mad dash, he tore open the shutters and prepared to make a hit on the intruder with a hard smash. The moon on the breast of the new-fallen snow gave the lustre of mid-day to hockey equipment below when, what to Giroux’s wondering eyes should appear, but a miniature sleigh and eight hard-working players. “Now Tkachuk! Now Chabot! Now Stutzle and Pinto! “On Sanderson! On Norris! On Batherson and On Zuuuuub!” So up to the house top the club’s core players they flew, With the sleigh full of toys, some new hockey gloves and a good old Santa Claus, too. And then, in a twinkling, Giroux heard on the roof the prancing and pawing of each little hoof. Sports Get the latest sport headlines and breaking news. There was an error, please provide a valid email address. Sign Up By signing up you consent to receive the above newsletter from Postmedia Network Inc. Thanks for signing up! A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Sports will soon be in your inbox. We encountered an issue signing you up. Please try again Article content Advertisement 3 Story continues below This advertisement has not loaded yet, but your article continues below. Article content As Giroux drew in his head and was turning around, down the chimney Santa came with a bound. His eyes — how they twinkled! His dimples how merry! His cheeks were like roses, his nose like a cherry! His droll little mouth was drawn up like a bow, And the beard of his chin was as white as snow. He was chubby and plump, a right jolly old elf, and Giroux laughed when he saw him, in spite of himself. A wink of his eye and a twist of his head, soon let Giroux to know he had nothing to dread. Santa spoke not a word, but went straight to his work, to hand out some Christmas cheer to some of the Senators’ good sports: Recommended from Editorial Bah Humbug! Senators lose goaltender Linus Ullmark and two points against Oilers Senators rolling since owner stood up in their defence over Brady Tkachuk trade talk Michael Andlauer : A trip to the post-season for this franchise and its faithful, who have waited patiently since 2017. More sellouts and more support with the paperwork in place to formally begin the building of a downtown rink in 2025. Steve Staios: First and foremost, health and happiness for his family after his wife Susannah’s battle with cancer. And, secondly, being a buyer at the deadline to add a piece or two for a long playoff run. Advertisement 4 Story continues below This advertisement has not loaded yet, but your article continues below. Article content Brady Tkachuk : Leading this group to the National Hockey League’s big dance in the spring. The 10th captain in the franchise’s history has the skills to pay the bills, isn’t afraid to get his nose dirty and is trying desperately to bring playoff hockey to Ottawa. Claude Giroux: The success he wanted to have when he signed with the Senators. He has made his impact, he has worked with the young players and has helped dramatically. Giroux came back because this is his hometown and a one-year extension also makes sense. Thomas Chabot: More offence from the club’s longtime defenceman with an eye towards suiting up for more games in the spring. It’s now or never for this group and Chabot has to be part of the push for the Senators to get to the next level. Jake Sanderson : A letter in the mail from Four Nations Face-off general manager Bill Guerin inviting him to play for Team USA in February if there’s an injury on the blueliner. Next September it might be time to give the club’s top blueliner a letter ‘A’ for an alternate captain. Linus Ullmark: Santa already delivered the snow for his son, so that’s a good start to the holiday season. Time to rest his back after he departed from the game in Edmonton on Sunday and a return to the net against the Winnipeg Jets on Hockey Night in Canada on Saturday. Advertisement 5 Story continues below This advertisement has not loaded yet, but your article continues below. Article content Josh Norris: The best gift Santa could deliver is continued good health in 2025. Back after the third shoulder surgery of his career, Norris has looked like the contributor who has made an impact on this franchise. He’s a top-two centre with a great shot that can hit the mark. Dave Cameron: The Ottawa 67’s head coach deserves a gold medal as he leads Canada into this junior tourney in his second hometown. To the readers: A Merry Christmas and a Happy New Year, with a chance for everybody to be together. Be safe and healthy. Best wishes for the holiday season. Thanks for reading and choosing this newspaper. bgarrioch@postmedia.com Article content Share this article in your social network Share this Story : GARRIOCH: The Ottawa Senators version of 'Twas the Night before Christmas Copy Link Email X Reddit Pinterest LinkedIn Tumblr Comments You must be logged in to join the discussion or read more comments. Create an Account Sign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Trending Deachman: Is there Christmas if you're homeless in Ottawa? Local News Ottawa weather forecast calls for white Christmas snow storm News Bah Humbug! 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