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The incoming US administration and the expected advancement of AI alone will surely impact workplaces in 2025. We wanted to know what leaders in business, research, and labor expect for the year ahead. Here are 11 predictions, edited for length and clarity: 2025 will be the battle of working from home. On one side will be the forces pushing for the five-day return to the office (RTO). Partly this is a backdoor layoff, and partly some CEOs see this as best for productivity. Amazon called for a five-day RTO in September 2024, and the suspicion is this was driven by a need to shrink headcount. [Elon] Musk and [Vivek] Ramaswamy have similar plans for the federal government. On the other side, employees have a hardening resolve to remain hybrid or remote. Expect to see a heavy exodus of top talent and folks in hot-areas like AI in five-day-RTO firms. My prediction is overall levels of working from home will remain flat at a macro level in 2025. But, below the stable aggregate figures, local battles will rage over hybrid policies, employees will quit, and CEOs will continue to debate this policy. In a sense, it’s going to be the Year of the Duck—stable on the surface but frantically paddling below. Chief customer officer, ServiceNow I see some parallels [between genAI and ] in that both have garnered a lot of attention. The key difference will be a faster pace of adoption and much bigger business impact. While early genAI pilots focused on case summarization, marketing copy generation, and email generation, agentic AI will deliver an exponential improvement to business operations including customer service, order management, and supply chain. Agentic AI won’t just assist—it will transform how work gets done by securely integrating with data, systems, and workflows across the enterprise. Specialized agents will handle end-to-end processes like onboarding and order management, automating routine tasks to enhance efficiency. With adoption set to outpace early genAI, businesses will need a ‘control tower”’ view to effectively manage and coordinate these agents. The technology is ready, and the shift is happening now. I believe we’ll see a growing emphasis on human-centric leadership skills: communication, empathy, relationship-building, self-awareness, and inclusivity. In a world that’s becoming increasingly automated, with fewer moments of human interaction, organizations will need to be intentional about fostering connection. Prioritizing human connection won’t just support stronger teams—it will be critical for business growth and the kind of innovation required to thrive in this new era. The child-care crisis and how it impacts the workforce, particularly when it comes to women, will become even more urgent in 2025. The already untenable situation will likely get worse as states run out of pandemic-era funds that were meant to shore up the patchwork child-care system. And with possible cuts to federal anti-poverty programs coming in the Trump administration, the lack of child care is likely to have dire consequences for low-wage workers. The child-care crisis—and the need for workplace flexibility to combine work and care responsibilities—will become political issues because parents are no longer the only ones feeling the pain. I predict that organizations, increasingly, will see how child care and flexible work are critical business imperatives for functioning, productive, and profitable workplaces, not as ‘nice to have’ accommodations or perks. And because no one business can solve a problem so large, policymakers will be forced to respond. All jobs are eventually going to experience changes from AI, but some roles will feel the first waves of big change as early as 2025. Entry-level work and people managers are two categories set to feel early shifts. For entry-level work, most of these roles today are built around these manual and time-consuming tasks like data entry, note-taking, and meeting scheduling. This current model won’t be sustainable in the age of AI, but that doesn’t mean we’ll simply do away with entry-level work. MIT has that workers with the least experience gain the most form AI tools on the job, so there’s a huge upside for companies to quickly get these junior employees working on high-impact projects in a way that wasn’t possible before. People managers are another job category under some serious pressure already, and AI is shaking things up even more. It’s unlikely we’re moving into a ‘boss-less’ future—employees today they rely on their managers and that a good manager makes the difference between staying at or leaving a company. In the future, the people manager role will be more like a sports coach—managing the energy of the team, regulating the emotions and stresses of the team, and understanding at an individual level what makes each person tick to help them do their best work. 2025 has the potential to be a transformative year for America’s workers and unions. Workers are exercising our power to stand up for our right to dignity and fair treatment in the workplace in ways we haven’t seen in generations. We’re seeing a resurgence in union organizing across industries. We expect more large-scale strikes to hold corporations accountable. As technology like artificial intelligence evolves and transforms work, workers will continue to demand a seat at the table to shape our futures. Labor is built on solidarity—and when seven in 10 Americans and nearly 90% of young people support unions, we know workers will continue to win. In 2025, AI-enabled teams will be more connected and collaborative than ever. AI will erase busywork and give teams the exact support they need to explore and execute big ideas, faster. This means the workplace will no longer be dominated by the loudest voices, but rather, the most creative minds. With a greater ability to execute creative ideas faster, we'll also experience a complete evolution of meetings. Meetings will no longer serve as a traditional, 30-minute ‘stand and deliver,’ but a time for collaboration, creativity, and complex problem-solving. This could result in an increase in meetings, but this time will be more focused, efficient, and creative—contributing to the deepened connections within teams as they move forward the most impactful work. In 2025, organizations will prioritize auditing their AI tools for bias, with a focus on improving algorithmic fairness and transparency. AI will also play a growing role in addressing diversity, equity, and inclusion challenges. Specifically, companies will use AI to identify biases in hiring, employee evaluations, and performance tracking, enabling targeted interventions to foster more diverse, equitable, and inclusive workplace cultures. Additionally, efforts will address disparities in how generative AI is accessed and used by different populations. I expect 2025 to be the year in which team meetings will be reimagined. Distributed teams that work from anywhere (WFA) will continue experiments that maximize the value of company and team retreats. Teams will also initiate experiments with agentic AI solutions participating in team meetings. Agentic AI will help workers take notes, highlight meeting segments and in some cases, will even communicate asynchronously on behalf of individuals. Agentic AI solutions will help workers save time on team meetings and will further accelerate their ability to WFA. Chief technology officer of GitLab In 2025, lawsuits will mount against LLM providers if they are unable to certify that copyrighted data was not used to train models. Companies who are adopting solutions will need to choose providers based on how transparent they are about data use and their guarantees for data protection. In response, AI solution providers will proactively incorporate data protection principles into models from the outset, ensuring ongoing compliance and mitigating the potential for future legal disputes. In 2025, one of the most transformative trends in the workplace will be the increasing adoption of personal AI coaches, agents, and assistants. These AI-driven tools will redefine what it means to have access to personalized support. Imagine 24/7 counsel, coaching, advice, or even just a meaningful conversation—available anytime, tuned to your unique needs. With such benefits come significant risks. The potential for over-dependence or even addiction to these digital companions is real. If not carefully managed, we risk creating a world where human connection is deprioritized in favor of interactions with machines designed to simulate it. To continue reading, subscribe to the Charter Briefing newsletter to stay ahead on the future of work. Continue reading by subscribing to about the future of work. If you’re already a Charter newsletter subscriber, this will only verify your email address.

CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)--Dec 3, 2024-- Torrid Holdings Inc. (“Torrid” or the “Company”) (NYSE: CURV), a direct-to-consumer apparel, intimates, and accessories brand in North America for women sizes 10 to 30, today announced its financial results for the quarter ended November 2, 2024. Lisa Harper, Chief Executive Officer of Torrid, stated, “Our third quarter results were below our expectations as our fall assortments did not offer enough newness and novelty. We also saw the environment change meaningfully from the end of September and into October. Despite the weaker top line sales, we delivered a positive full-price comp, 285 basis points of gross profit expansion, and modest Adjusted EBITDA (1) growth. We ended the quarter with clean inventory levels, down 19% to last year, and $44 million in cash.” Ms. Harper continued, “While we are encouraged by our customers’ response to the newness in our assortments, given the volatility we have seen in our business, and recognizing that there is still considerable amount of the quarter ahead of us, we are taking a prudent approach to our fourth quarter outlook. As we move into fiscal 2025, we are confident that we have put in place the necessary changes and strategies to position us for growth.” Number of stores (as of end of period) 655 643 Comparable sales (A) (7 )% (8 )% Net loss $ (1,194 ) $ (2,748 ) Adjusted EBITDA (B) $ 19,584 $ 19,379 (A) Comparable sales (2) for the three-month period ended November 2, 2024 compares sales for the 13-week period ended November 2, 2024, with sales for the 13-week period ended November 4, 2023. (B) Please refer to “Non-GAAP Reconciliation” below for a reconciliation of net loss to Adjusted EBITDA (1). at the end of the third quarter of 2024 totaled $44.0 million. Total liquidity at the end of the quarter, including available borrowing capacity under our revolving credit agreement, was $151.8 million. for the nine-month period ended November 2, 2024, was $65.4 million, compared to $33.7 million for the nine-month period ended October 28, 2023. The above outlook is based on several assumptions, including, but not limited to, the macroeconomic challenges in the industry in fiscal 2024 as well as higher labor costs. The above outlook does not take into consideration the Consumer Financial Protection Bureau ruling which mandates, among other things, decreases in credit card late fees, and could alter the profitability of our agreements with our private label credit card financing company. See “Forward-Looking Statements” for additional information. A conference call to discuss the Company’s third quarter 2024 results is scheduled for December 3, 2024, at 4:30 p.m. ET. Those who wish to participate in the call may do so by dialing (877) 407-9208 or (201) 493-6784 for international callers. The conference call will also be webcast live at . For those unable to participate, a replay of the conference call will be available approximately three hours after the conclusion of the call until December 10, 2024. Adjusted EBITDA is a non-GAAP financial measure. See “Non-GAAP Financial Measures” and “Non-GAAP Reconciliation” for additional information on non-GAAP financial measures and the accompanying table for a reconciliation to the most comparable GAAP measure. The Company does not provide reconciliations of the forward-looking non-GAAP measures of Adjusted EBITDA to the most directly comparable forward-looking GAAP measure because the timing and amount of excluded items are unreasonably difficult to fully and accurately estimate. For the same reasons, the Company is unable to address the probable significance of the unavailable information, which could be material to future results. Comparable sales for any given period are defined as the sales of our e-Commerce operations and stores that we have included in our comparable sales base during that period. We include a store in our comparable sales base after it has been open for 15 full fiscal months. If a store is closed during a fiscal year, it is only included in the computation of comparable sales for the full fiscal months in which it was open. Comparable sales for the third quarter of fiscal year 2024 compares sales for the 13-week period ended November 2, 2024, with sales for the 13-week period ended November 4, 2023. Partial fiscal months are excluded from the computation of comparable sales. We apply current year foreign currency exchange rates to both current year and prior year comparable sales to remove the impact of foreign currency fluctuation and achieve a consistent basis for comparison. Comparable sales allow us to evaluate how our unified commerce business is performing exclusive of the effects of non-comparable sales and new store openings. TORRID is a direct-to-consumer brand in North America dedicated to offering a diverse assortment of stylish apparel, intimates, and accessories skillfully designed for curvy women. Specializing in sizes 10 to 30, TORRID’s primary focus is on providing fashionable, comfortable, and affordable options that meet the unique needs of its customers. TORRID’s extensive collection features high quality merchandise, including tops, bottoms, denim, dresses, intimates, activewear, footwear, and accessories. Revenues are generated primarily through its e-Commerce platform and its stores in the United States of America, Puerto Rico and Canada. In addition to results determined in accordance with accounting principles generally accepted in the United States of America (“GAAP”), management utilizes certain non-GAAP performance measures, such as Adjusted EBITDA, for purposes of evaluating ongoing operations and for internal planning and forecasting purposes. We believe that these non-GAAP operating measures, when reviewed collectively with our GAAP financial information, provide useful supplemental information to investors in assessing our operating performance. Adjusted EBITDA is a supplemental measure of our operating performance that is neither required by, nor presented in accordance with, GAAP and our calculations thereof may not be comparable to similarly titled measures reported by other companies. Adjusted EBITDA represents GAAP net income (loss) plus interest expense less interest income, net of other expense (income), plus provision for income taxes, depreciation and amortization (“EBITDA”), and share-based compensation, non-cash deductions and charges, and other expenses We believe Adjusted EBITDA facilitates operating performance comparisons from period to period by isolating the effects of certain items that vary from period to period without any correlation to ongoing operating performance. We also use Adjusted EBITDA as one of the primary methods for planning and forecasting the overall expected performance of our business and for evaluating on a quarterly and annual basis, actual results against such expectations. Further, we recognize Adjusted EBITDA as a commonly used measure in determining business value and, as such, use it internally to report and analyze our results and as a benchmark to determine certain non-equity incentive payments made to executives. Adjusted EBITDA has limitations as an analytical tool. This measure is not a measurement of our financial performance under GAAP and should not be considered in isolation or as an alternative to or substitute for net income (loss), income (loss) from operations, earnings (loss) per share or any other performance measures determined in accordance with GAAP or as an alternative to cash flows from operating activities as a measure of our liquidity. Our presentation of Adjusted EBITDA should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. Certain statements made in this earnings release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and are subject to the safe harbor created thereby under the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current fact included in this earnings release are forward-looking statements. Forward-looking statements reflect our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “may,” “will,” “should,” “can have,” “likely” and other words and terms of similar meaning (including their negative counterparts or other various or comparable terminology). For example, all statements we make relating to our estimated and projected costs, expenditures, cash flows, growth rates and financial results, our plans and objectives for future operations, growth or initiatives, strategies or the expected outcome or impact of pending or threatened litigation are forward-looking statements. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those that we expected, including: • the adverse impact of rulemaking changes implemented by the Consumer Financial Protection Bureau on our income streams, profitability and results of operations; • changes in consumer spending and general economic conditions; • the negative impact on interest expense as a result of steep interest rates; • inflationary pressures with respect to labor and raw materials and global supply chain constraints that could increase our expenses; • our ability to identify and respond to new and changing product trends, customer preferences and other related factors; • our dependence on a strong brand image; • increased competition from other brands and retailers; • our reliance on third parties to drive traffic to our website; • the success of the shopping centers in which our stores are located; • our ability to adapt to consumer shopping preferences and develop and maintain a relevant and reliable omni-channel experience for our customers; • our dependence upon independent third parties for the manufacture of all of our merchandise; • availability constraints and price volatility in the raw materials used to manufacture our products; • interruptions of the flow of our merchandise from international manufacturers causing disruptions in our supply chain; • our sourcing a significant amount of our products from China; • shortages of inventory, delayed shipments to our e-Commerce customers and harm to our reputation due to difficulties or shut-down of our distribution facility; • our reliance upon independent third-party transportation providers for substantially all of our product shipments; • our growth strategy; • our failure to attract and retain employees that reflect our brand image, embody our culture and possess the appropriate skill set; • damage to our reputation arising from our use of social media, email and text messages; • our reliance on third-parties for the provision of certain services, including real estate management; • our dependence upon key members of our executive management team; • our reliance on information systems; • system security risk issues that could disrupt our internal operations or information technology services; • unauthorized disclosure of sensitive or confidential information, whether through a breach of our computer system, third-party computer systems we rely on, or otherwise; • our failure to comply with federal and state laws and regulations and industry standards relating to privacy, data protection, advertising and consumer protection; • payment-related risks that could increase our operating costs or subject us to potential liability; • claims made against us resulting in litigation; • changes in laws and regulations applicable to our business; • regulatory actions or recalls arising from issues with product safety; • our inability to protect our trademarks or other intellectual property rights; • our substantial indebtedness and lease obligations; • restrictions imposed by our indebtedness on our current and future operations; • changes in tax laws or regulations or in our operations that may impact our effective tax rate; • the possibility that we may recognize impairments of long-lived assets; • our failure to maintain adequate internal control over financial reporting; and • the threat of war, terrorism or other catastrophes, including natural disasters, that could negatively impact our business. The outcome of the events described in any of our forward-looking statements are also subject to risks, uncertainties and other factors described in the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC") on April 2, 2024 and in our other filings with the SEC and public communications. You should evaluate all forward-looking statements made in this earnings release in the context of these risks and uncertainties. We caution you that the important factors referenced above may not include all of the factors that are important to you. In addition, we cannot assure you that we will realize the results or developments we expect or anticipate or, even if substantially realized, that they will result in the outcomes or affect us or our operations in the way we expect. The forward-looking statements included in this earnings release are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise except to the extent required by law. Our forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures or investments. Investors and others should note that we may announce material information to our investors using our investor relations website ( ), SEC filings, press releases, public conference calls and webcasts. We use these channels, as well as social media, to communicate with our investors and the public about our company, our business and other issues. It is possible that the information that we post on social media could be deemed to be material information. We therefore encourage investors to visit these websites from time to time. The information contained on such websites and social media posts is not incorporated by reference into this filing. Further, our references to website URLs in this filing are intended to be inactive textual references only. Net sales $ 263,766 $ 275,408 Cost of goods sold 168,609 183,906 Gross profit 95,157 91,502 Selling, general and administrative expenses 74,899 71,881 Marketing expenses 13,056 12,739 Income from operations 7,202 6,882 Interest expense 8,784 9,757 Other income, net of other expense (362 ) 267 Loss before benefit from income taxes (1,220 ) (3,142 ) Benefit from income taxes (26 ) (394 ) Net loss $ (1,194 ) $ (2,748 ) Net loss $ (1,194 ) $ (2,748 ) Other comprehensive loss: Foreign currency translation adjustment (86 ) (271 ) Total other comprehensive loss (86 ) (271 ) Comprehensive loss $ (1,280 ) $ (3,019 ) Basic $ (0.01 ) $ (0.03 ) Diluted $ (0.01 ) $ (0.03 ) Basic 104,698 104,081 Diluted 104,698 104,081 Current assets: Cash and cash equivalents $ 43,953 $ 11,735 Restricted cash 399 399 Inventory 138,261 142,199 Prepaid expenses and other current assets 33,343 22,229 Prepaid income taxes 6,617 2,561 Total current assets 222,573 179,123 Property and equipment, net 85,569 103,516 Operating lease right-of-use assets 149,732 162,444 Deposits and other noncurrent assets 18,027 14,783 Deferred tax assets 8,681 8,681 Intangible asset 8,400 8,400 Total assets $ 492,982 $ 476,947 Current liabilities: Accounts payable $ 77,478 $ 46,183 Accrued and other current liabilities 116,650 107,750 Operating lease liabilities 36,312 42,760 Borrowings under credit facility — 7,270 Current portion of term loan 16,144 16,144 Due to related parties 4,330 9,329 Income taxes payable 62 2,671 Total current liabilities 250,976 232,107 Noncurrent operating lease liabilities 145,126 155,825 Term loan 276,445 288,553 Deferred compensation 3,735 5,474 Other noncurrent liabilities 5,986 6,705 Total liabilities 682,268 688,664 Commitments and contingencies Preferred shares: $0.01 par value; 5,000,000 shares authorized; zero shares issued and outstanding at November 2, 2024 and February 3, 2024 — — Common shares: $0.01 par value; 1,000,000,000 shares authorized; 104,732,148 shares issued and outstanding at November 2, 2024; 104,204,554 shares issued and outstanding at February 3, 2024 1,049 1,043 Additional paid-in capital 138,532 135,140 Accumulated deficit (328,281 ) (347,587 ) Accumulated other comprehensive loss (586 ) (313 ) Total stockholders' deficit (189,286 ) (211,717 ) Total liabilities and stockholders' deficit $ 492,982 $ 476,947 Net income $ 19,306 $ 15,689 Adjustments to reconcile net income to net cash provided by operating activities: Write down of inventory 1,519 3,767 Operating right-of-use assets amortization 30,429 30,494 Depreciation and other amortization 27,842 28,242 Share-based compensation 4,531 5,981 Other (957 ) (1,351 ) Changes in operating assets and liabilities: Inventory 2,052 4,969 Prepaid expenses and other current assets (11,114 ) (4,578 ) Prepaid income taxes (4,056 ) (2,564 ) Deposits and other noncurrent assets (3,375 ) (6,433 ) Accounts payable 31,876 2,969 Accrued and other current liabilities 10,775 (5,954 ) Operating lease liabilities (33,527 ) (31,565 ) Other noncurrent liabilities (588 ) (468 ) Deferred compensation (1,739 ) 507 Due to related parties (4,999 ) (5,975 ) Income taxes payable (2,609 ) — Net cash provided by operating activities 65,366 33,730 Purchases of property and equipment (12,617 ) (15,228 ) Net cash used in investing activities (12,617 ) (15,228 ) Proceeds from revolving credit facility 62,780 455,110 Principal payments on revolving credit facility (70,050 ) (458,390 ) Principal payments on term loan (13,125 ) (13,125 ) Proceeds from issuances under share-based compensation plans 704 320 Withholding tax payments related to vesting of restricted stock units and awards (675 ) (249 ) Net cash used in financing activities (20,366 ) (16,334 ) Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash (165 ) (141 ) Increase in cash, cash equivalents and restricted cash 32,218 2,027 Cash, cash equivalents and restricted cash at beginning of period 12,134 13,935 Cash, cash equivalents and restricted cash at end of period $ 44,352 $ 15,962 Cash paid during the period for interest related to the revolving credit facility and term loan $ 27,080 $ 24,852 Cash paid during the period for income taxes $ 14,200 $ 10,976 Property and equipment purchases included in accounts payable and accrued liabilities $ 1,450 $ 3,360 Net loss $ (1,194 ) $ (2,748 ) Interest expense 8,784 9,757 Other income, net of other expense (362 ) 267 Benefit from income taxes (26 ) (394 ) Depreciation and amortization (A) 8,523 8,785 Share-based compensation (B) 685 1,585 Non-cash deductions and charges (C) 112 409 Other expenses (D) 3,062 1,718 Adjusted EBITDA $ 19,584 $ 19,379 (A) Depreciation and amortization excludes amortization of debt issuance costs and original issue discount that are reflected in interest expense. (B) During the three months ended November 2, 2024 and October 28, 2023, share-based compensation includes $(0.3) million and $0.1 million, respectively, for awards that will be settled in cash as they are accounted for as share-based compensation in accordance with ASC 718, , similar to awards settled in shares. (C) Non-cash deductions and charges includes non-cash losses on property and equipment disposals and the net impact of non-cash rent expense. (D) Other expenses include certain transaction and litigation fees (including certain settlement costs) and severance costs for certain key management positions. View source version on : CONTACT: Investors Lyn Walther Media Joele Frank, Wilkinson Brimmer Katcher Michael Freitag / Arielle Rothstein / Lyle Weston KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: RETAIL ONLINE RETAIL DEPARTMENT STORES FASHION SOURCE: Torrid Holdings Inc. Copyright Business Wire 2024. PUB: 12/03/2024 04:05 PM/DISC: 12/03/2024 04:06 PM

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This story may be updated. Oregon’s keystone plan to regulate fossil fuel companies and reduce planet-warming greenhouse gas pollution will be reinstated in early 2025 after being derailed for nearly a year by a gas industry lawsuit. The Environmental Quality Commission, which oversees the Department of Environmental Quality, voted unanimously on Thursday to approve the program, which sets emission targets and will serve as a foundation for Oregon’s drive to reduce harmful emissions driving climate change. The vote comes 11 months after a court invalidated the original 2021 program over a technicality, sending the DEQ back to the drawing board. Little has changed from the original standards, which were passed three years ago by the commission, with the mandated targets for reducing greenhouse gas pollution remaining the same: a 50% reduction in greenhouse gas pollution by 2035 and a 90% reduction by 2050 to confront the growing threat of climate change. Gov. Tina Kotek said in a statement that the standards represent Oregon’s determination to address climate change. “The Climate Protection Program will keep polluters accountable and fund community investments that will reduce greenhouse gas emissions in Oregon,” Kotek said. To achieve the targets, fossil fuel companies in Oregon will have to gradually decarbonize their energy supply, largely by shifting away from petroleum and natural gas and while incorporating renewable energy sources such as wind, solar and so-called biofuels – made from captured gas and decomposing matter – into their energy offerings. Natural gas is almost entirely methane gas, among the most potent climate-warming greenhouse gases that trap heat in the atmosphere. One-third of global warming is due to human-caused emissions of methane, according to the U.S. Environmental Protection Agency. In redoing the plan, the Department of Environmental Quality collected more than 10,000 comments over the summer. Most of them called for DEQ to keep the emissions targets and key components of the original program. But a number of commenters expressed concerns that the program could lead to high natural gas prices, said Nicole Singh, DEQ’s climate change manager and co-presenter of the plan during Thursday’s hearing. In response, officials included in the rules that the state is obligated to collaborate with the Oregon Public Utilities Commission to ensure the natural gas companies aren’t passing all the costs of decarbonization on to their customers. “We kind of are stepping on the shoulders of CPP 2021, and really taking a hard look at things that we could improve in the program potentially going forward,” Singh said. Under the new rules, some heavy energy users in the state who previously did not have to comply with the climate program will be required to meet emissions reduction targets, and companies will need to show compliance with the program every two years starting in 2028, as opposed to every three years in the original plan. The rules include penalties for noncompliance that vary depending on the severity of the violations. They include daily fines calculated to ensure the costs of avoiding or delaying compliance with the program exceed the costs of following the rules, said Lauren Wirtis, a spokesperson for the environmental quality department. What’s new in the program The adopted program applies to companies beyond fuel suppliers. For the first time, the state will regulate the emissions of companies that are heavy natural gas users, and not just natural gas suppliers whose emissions are monitored now. These new companies include some cement, fertilizer and gypsum producers. Gypsum is in plaster, drywall and some cement. Companies operating in Oregon, including cement maker Ash Grove and paper products company Georgia Pacific, will need to meet new emissions standards, Singh said. Energy users will have three years to collect data and devise plans for meeting the targets. They’ll be required to begin complying with the Climate Protection Program in 2028. They have to prove that they’re complying with the targets every two years at the end of the compliance period. Singh said during the meeting. The updated program also includes changes to the investment portion of the previous Climate Protection Program. It provides for a system that essentially give Oregon a carbon crediting market, allowing companies to buy credits to offset their emissions, with the proceeds going to a nonprofit that will invest in climate work, with an eye towards helping impacting communities. One credit will be equal to 1 metric ton of carbon dioxide released into the atmosphere, and companies will be able to buy them for $129 per credit. That price is higher than the oer-ton cost of carbon credits in most carbon markets, but significantly less than the true “social cost of carbon” – the financial costs to taxpayers from natural disasters, paying for climate adaptation and the cost of losses and damages to natural resources and ecosystems resulting from each ton of planet-warming carbon released into the atmosphere. A 2022 study published in the journal Nature by a consortium of scientists and the D.C.-based, nonprofit research institute Resources for the Future found that $185 per ton reflects the true social cost of each metric ton of carbon dioxide sent up into the atmosphere. Oregon’s carbon credits, called Community Climate Investments, were set to begin generating revenue for community-based climate projects this year before the program was derailed. They were projected to bring in $150 million a year for community decarbonization and renewable energy projects, according to the Portland-based nonprofit Seeding Justice, which had previously been tasked with overseeing the investments. Credit recipients, largely nonprofits working on community-based projects, will be able to use the grants to help people and businesses reduce greenhouse gases by installing solar panels and heat pumps, for example, or to purchase electric vehicles and chargers and help weatherize homes and buildings. Singh said the focus will be on helping groups that have been heavily impacted by climate change. Matt Donegan, commission chair, said the program will help the state economy remain competitive while investing in communities that have been the most impacted by climate change. DEQ will take about 4.5% from the money generated through the sale of the credits to pay for its oversight of community investment grants and to undertake internal and external auditing to ensure money is being spent appropriately and that projects reduce the amount of greenhouse gas emissions required. Under the new rules, companies can offset 15% of their emissions through the purchase of these credits during the first two years of the Climate Protection Program and step that up to 20% during each two-year compliance period thereafter. Previously, companies could only offset 10% of their emissions through the credits in the first two years. Gas company lawsuit The 2021 Climate Protection Program was approved by the Environmental Quality Commission after more than a year of meetings, presentations from the environmental quality department and public comment. But in 2023, NW Natural, Avista Corporation and Cascade Natural Gas Corporation sued to block the plan, saying that in the process of imposing state regulations to cap and reduce emissions, the commission failed to submit required disclosures to the companies and to other entities that hold federal industrial air pollution permits. The department was required to issue a written statement about why the state was adopting emission limits that exceeded federal rules, disclose a list of alternatives that were considered and explain why they were not adopted. Judges on the Oregon Court of Appeals agreed with lawyers representing the gas companies, and in December 2023, ruled the program invalid on those technicalities. Rather than appealing the decision to the Oregon Supreme Court, which would likely not hear the case until mid-2025, state environmental regulators announced in January that they would start over. It was a difficult decision to accept, but not a difficult choice to make, Singh said. “There was so much progress being made, it was hard to see that progress stop. But we have been able, I think, to create a better CPP for the future.” Editor-in-chief Lynne Terry contributed to this story. GET THE MORNING HEADLINES. SUBSCRIBE

White House Defends President’s Pardon of Hunter BidenSeahawks have taken a bumpy path to first place in the NFC West

KIRKLAND LAKE - A snowy December night delivered an unforgettable experience for a Northern family and paramedics. On Dec. 7, Kirkland Lake’s Bella Batisse, who was 38 weeks pregnant, went to the hospital with contractions. She was checked over by a doctor, who decided to transfer her by ambulance to the Temiskaming Hospital in New Liskeard. En route, paramedics Brandi Ouellette and Natasha Albert of the District of Timiskaming Social Services Administration Board (DTSSAB) realized that the baby would arrive before arriving in New Liskeard. “The call came in the middle of the night during a snowstorm. We were travelling down Highway 11 with lights and sirens blazing, it was a Code 4 emergency,” Ouellette said in a joint statement to TimminsToday with Albert. A Code 4 is defined as a life-threatening situation which requires paramedics to drive with lights and sirens on to get to the hospital as quickly as possible. “It quickly became clear that the little one wasn’t going to wait for the hospital. We made the decision to pull over on the side of the highway, keeping our lights on for safety,” the paramedics said. “Thanks to the skilled support of nurse Ana, who happened to be travelling with us, we were able to safely deliver a healthy baby boy right there on the roadside.” Weighing in at five pounds six ounces, the yet-to-be-named baby boy arrived in the world at 12:36 a.m. on Dec. 8 near Aidie Creek Falls, about halfway to New Liskeard from Kirkland Lake. “As paramedics, we are trained to handle emergencies and prepare for everything that could go wrong. Often, we’re faced with severe injuries, illnesses, and loss. But this past weekend, everything went right,” the paramedics said. “It’s a rare experience to assist in the birth of a baby, and this was a first for both Natasha and me.” It was a rollercoaster of emotions for the paramedics. “Everyone came together seamlessly. Most importantly, mom did an incredible job, and we were fortunate to have such a positive outcome,” they said. Mary-Ann Toppi, the great aunt of the newborn, shared that Batisse and her baby are doing well and expressed the family’s immense gratitude. “We are forever grateful for Ana and the paramedics,” she said. “We’re just all so relieved that although everything unfolded so eventfully, everyone is safe and healthy.” The DTSSAB shared Batisse’s birth story in a Facebook post on Tuesday (Dec. 10), which has been getting a lot of attention. Kirkland Lake’s Bella Batisse delivered her son during a snowstorm on the way to the New Liskeard hospital. Supplied photo Toppi said the positive feedback on the post has been heartwarming. “I am happy to see the positive feedback for our first responders on the social media post. They do hero work on a daily basis. They deserve the recognition and appreciation,” she said. “Our family is forever grateful for them and the service they provide for our community.” Ouellette and Albert said this experience serves as a reminder for drivers to slow down when you see the lights of a first responder. “You never know what critical situation might be unfolding inside that vehicle,” they said. Toppi said Batisse and her baby boy, whose name has yet to be decided, are now home in Kirkland Lake adjusting to life as a family of four.2 / 20 The Oura ring will soon help you monitor your blood sugar The Oura ring will soon help you monitor your blood sugar Oura smart rings will soon be able to give users deeper insights about their blood sugar levels through a new partnership with Dexcom ( DXCM ), the maker of the U.S.’s first over-the-counter continuous glucose monitor. Read More 3 / 20 Airbus CEO says SpaceX is successful because it’s a selfish American company Airbus CEO says SpaceX is successful because it’s a selfish American company The CEO of France’s Airbus ( AIR ) is both impressed and envious of success at its American rival SpaceX. Company head Guillaume Faury told attendees at a German aviation event that SpaceX would never have been able to achieve all it has if it were a European company, Reuters reports. Read More 4 / 20 Costco is basically giving away a membership with this Black Friday deal Costco is basically giving away a membership with this Black Friday deal Black Friday is nearly here, and Costco’s ( COST ) latest membership deal could be hard to pass up. Read More 5 / 20 The 5 safest states in America — and the 5 most dangerous The 5 safest states in America — and the 5 most dangerous Safety is about a lot more than just crime rates. Are you safe if your local roads aren’t designed to prevent crashes? If your state lacks emergency preparedness infrastructure should a natural disaster strike? If there isn’t a robust safety net to ensure that your family won’t be out on the street if times get tough? Read More 6 / 20 Amazon, Walmart, and Target’s top 10 Black Friday deals Amazon, Walmart, and Target’s top 10 Black Friday deals Amazon ( AMZN ), Walmart ( WMT ), and Target ( TGT ) are racing to capture the attention – and wallets – of budget-conscious shoppers as Black Friday and Cyber Monday quickly approach. Read More 7 / 20 An AI CEO was arrested for defrauding investors — and allegedly using the money to pay for her wedding An AI CEO was arrested for defrauding investors — and allegedly using the money to pay for her wedding The founder of an AI startup once featured on Forbes’ “30 Under 30” list was charged Tuesday with defrauding investors. Read More 8 / 20 Top FDA vaccine official says RFK Jr. nomination is a chance for scientists to make the case for vaccines Top FDA vaccine official says RFK Jr. nomination is a chance for scientists to make the case for vaccines The U.S. Food and Drug Administration’s (FDA) head of vaccine safety says that President-elect Donald Trump’s embrace of vaccine skeptics could be an opportunity for the science community to teach the public about the value of these life-saving drugs. However, if these efforts fail it could lead to “natural consequences.” Read More 9 / 20 2 airlines that could get a big boost from the Spirit bankruptcy, according to Deutsche Bank 2 airlines that could get a big boost from the Spirit bankruptcy, according to Deutsche Bank As the bankruptcy of Spirit Airlines winds its way through the courts, the rest of the industry is likely trying to figure out how the development will affect their own operations. Deutsche Bank ( DB ) says that two Spirit-familiar names, JetBlue Airways ( JBLU ) and Frontier Airlines ( ULCC ), could stand to benefit more than other players in the field. Read More 10 / 20 The 3 fastest-charging electric cars, according to Edmunds — and the 3 slowest The 3 fastest-charging electric cars, according to Edmunds — and the 3 slowest It’s no secret that it takes longer to recharge an electric car than to fill up a gas tank. Read More 11 / 20 A stronger Ozempic is coming. What to know about CagriSema, Novo Nordisk’s new weight loss drug A stronger Ozempic is coming. What to know about CagriSema, Novo Nordisk’s new weight loss drug Novo Nordisk ( NVO ) — the company credited with ushering in the current weight-loss drug revolution when it launched its blockbuster diabetes treatment Ozempic in 2017 — is working on its next act, a weight-loss drug called CagriSema Read More 12 / 20 Spirit Airlines is officially a penny stock Spirit Airlines is officially a penny stock Spirit Airlines ( SAVEQ ) is enduring another inevitable embarrassment of its recent bankruptcy declaration : Its stock has been delisted by the New York Stock Exchange . Shares, which are practically at zero, will now trade in the “pink sheet” market outside of the major venues. Read More 13 / 20 Bezos denies Musk’s claim he told people to sell Tesla and SpaceX stock since Trump would lose Bezos denies Musk’s claim he told people to sell Tesla and SpaceX stock since Trump would lose Jeff Bezos has officially thrown cold water on Elon Musk’s latest claim about his billionaire rival. Read More 14 / 20 The Trump tariffs are coming for wine. American restaurants could die The Trump tariffs are coming for wine. American restaurants could die Is Donald Trump about to pull the plug on the U.S. food and wine industry? If his plan for 10% to 20% tariffs on all imported goods goes into effect, wine tariffs are likely to devastate the middle- and upper-ends of the restaurant business, while doing nothing to help U.S. producers. Read More 15 / 20 Dr. Oz is Trump’s pick to oversee Medicare. He owns healthcare stocks that could benefit Dr. Oz is Trump’s pick to oversee Medicare. He owns healthcare stocks that could benefit President-elect Donald Trump’s pick to oversee the Centers for Medicare and Medicaid Services (CMS) has reported owning as much as $600,000 in stock from companies benefiting from private Medicare services. Read More 16 / 20 Mortgage rates are suddenly going up again. Why? Mortgage rates are suddenly going up again. Why? Mortgage rates are back up to almost 7% in a reversal of some of the declines in recent months, pointing to growing concerns about future inflation. Read More 17 / 20 Weight loss drug makers want more insurance plans to cover Wegovy and Zepbound Weight loss drug makers want more insurance plans to cover Wegovy and Zepbound Weight-loss drug makers are directly targeting employers in a campaign to expand health insurance coverage of their popular, but pricey, medications. Read More 18 / 20 The 2 biggest stock market risks in 2025, according to Goldman Sachs The 2 biggest stock market risks in 2025, according to Goldman Sachs As 2024 comes to a close, the U.S. stock market has posted considerable returns on a red-hot rally led by major technology stocks that have benefited from artificial intelligence. But Goldman Sachs ( GS ) is warning of two major risks that could put a damper on the stock market party in 2025. Read More 19 / 20 Move over chatbots, AI agents are the next big thing. 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Sujeet Indap in New York and Stephen Morris in San Francisco Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A judge in Delaware rejected Tesla’s attempt to restore Elon Musk’s record $56bn pay package after previously striking it down as a breach of the fiduciary duty of the electric-car maker’s board, dealing a blow to the world’s richest man. Judge Kathaleen McCormick wrote that Tesla’s unprecedented effort to push the 2018 pay package through a second time, four months after she first struck it down, was “creative”. But the board “had no procedural ground for flipping the outcome of an adverse post-trial decision based on evidence they created after trial,” she wrote. The decision from the Delaware Court of Chancery tees up an expected appeal to the Delaware Supreme Court, which will decide how much weight the decision by Tesla’s shareholders to approve it has at a moment when Musk’s social and political power is at its peak. Musk has gained the ear of US president-elect Donald Trump after spending more than $100mn on his re-election campaign. In return, Musk has gained sway over crucial cabinet appointments and made co-head of an advisory body that has vowed to dramatically shrink the federal budget. The pay package of just over 300mn Tesla shares would only vest if the company hit a series of difficult stock price and operational targets. McCormick, in her original ruling in February, said the Tesla board that approved the package six years ago was too cozy with Musk, and that her analysis of the pay award showed that it could not be justified on any reasonable metric. Tesla stock has surged 44 per cent this year, much of that coming after Trump’s election victory on November 5. That means the stock options in Musk’s pay package have soared in value to $108bn. If it is ultimately granted, the package would increase his ownership stake from just under 13 per cent to more than 20 per cent. After McCormick struck down Musk’s pay package the first time, Tesla put identical terms — with enhanced disclosures — to a shareholder vote in June. It passed with 72 per cent support. Shareholders also approved a separate plan to reincorporate the company from Delaware, where the vast majority of big public US companies are listed, to Texas, where several other Musk-controlled companies are based. Since the February decision, Musk has loudly complained about the Delaware corporate law court and has moved all of his companies incorporations to either Nevada or Texas. Delaware’s status as the premiere destination for public companies’ legal domiciles has since become a lingering issue for the state. Recommended Last month, Musk posted on his social media platform X: “When there are egregiously wrong legal judgments in a single state that substantially harm American citizens in all other 49 states, the Federal government should take immediate corrective action.” Lawyers for the shareholder who brought the original suit were also awarded $345mn in fees, instead of the $5.6bn in Tesla shares that they had requested, according to Monday’s decision. Lawyers at the firm Bernstein Litowitz, who had represented the Tesla shareholder who brought the suit, had said that based on the $56bn value of the cancelled stock grant, they were owed $5.6bn in shares. McCormick rejected that, however. She said that the lower amount of $345mn, payable in cash or Tesla stock, was sufficient, estimating that the value returned to shareholders was closer to $2.3bn, pointing to an accounting charge it took in 2018.Richard Clayton Brumfield, 94, beloved husband of 72 years to Marilyn Patricia Bloom Brumfield, passed away Monday, Dec. 2, 2024, at Prisma Health Tuomey. Richard was born in Waverly, Ohio, the son of the late Nolan Brumfield and Marilla Dunkle. He grew up on a family farm in Ohio, where he developed his love of gardening. He attended Ohio State University where he graduated and was an avid football fan. He later enlisted in the United States Air Force where he would serve a long and memorable career as a meteorologist. Richard went on to be stationed in Albuquerque, New Mexico, where he met and married the love of his life, Marilyn. During his military career he and his wife were stationed all over the United States and England. Richard had a life that was well lived. After retirement from his military career, he went on to work in real estate, cabinet making and in social services. He was a man of many talents. In his spare time, he was an avid woodworker, model ship builder, duck carver and loved to dabble in electronics. At one point he even took flying lessons. He was a member of the Cumberland Presbyterian Church of Cookeville, Tennessee. Richard will be remembered as a loving husband, father, grandfather, great- grandfather, brother and friend. He will be dearly missed by all who knew him. In addition to his wife, he is survived by his three sons, Nolan Bruce Brumfield and his wife, Marti, Jeffrey Scott Brumfield and his wife, Lynn and Steven Richard Brumfield and his wife, Jane, all of Tennessee; two daughters, Linda Maryl Brumfield Holland and her husband, Thomas, of Virginia, and Susan Leigh Brumfield Nethercutt and her husband, Lloyd, of Sumter, South Carolina; one surviving sister; 12 grandchildren, Maria Thomas and her husband, Steve, Tim Brumfield, Katy Johnson and her husband, Tim, Danny Holland, Josh Nethercutt, Andrew Nethercutt, Matthew Nethercutt and his wife, Brittany, Alison Brumfield Young and her husband, Dillon, Caren Brumfield, Trisha Brumfield Queener and her husband, Jake, Jason Brumfield and Lauren Brumfield; and six great-grandchildren, Brett Davis, Kaitlyn Davis, Sabine Johnson, Ella Nethercutt, Hayden Queener and Alleigh Queener. Funeral services will be held at a later date. In lieu of flowers, memorials may be made to Cumberland Presbyterian Church, 565 E. 10th St., Cookeville, Tennessee, 38501. You may go to bullockfuneralhome.com to sign the family's guestbook. Bullock Funeral Home is in charge of the arrangements, 803-469-3400.

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New Channel 4 Dispatches investigates Britain's 'welfare trap' as unemployed single mother, 35, admits real reason she's too scared to find a job Amy, 30, featured on Britain’s Benefits Scandal: Dispatches on Channel 4 tonight READ MORE: Single mother of teenagers, 43, says she is 'disgusted' with herself because she 'accidentally' slept with a 19-year-old By EMILY COOPER Published: 21:40 GMT, 2 December 2024 | Updated: 22:25 GMT, 2 December 2024 e-mail 13 shares 26 View comments An unemployed single mother has admitted she is too scared to find a job - but lose her benefits - because it means she might not make enough money to provide for her son. Amy, 30, from Keighley near Bradford, featured in tonight's episode of Britain’s Benefits Scandal: Dispatches on Channel 4 . When she was younger, Amy had hopes of becoming a barrister but joked that her 'pelvis had other plans'. While watching her son Alfie, eight, at the playground, the single mother said: 'Being pregnant basically broke my pelvis so it needed fusion surgery to put it back and keep it in place. 'I need a walking stick to move or else it's painful, or I'll fall over or I can't go a certain way. 'I am in pain all day every day so I do suffer with mental health issues as well. CPTSD, anxiety, depression , and things like that.' Due to her limited mobility, Amy claims long-term sickness benefits from the government and she has never worked a full-time job. 'It sounds awful that, doesn't it?' Amy said. 'I'd like one but the issue is finding something I would be able to do consistently without making my son suffer and myself suffer and losing money.' Amy (right) from Keighley features Britain’s Benefits Scandal on Channel 4 tonight. It is presented by political journalist Fraser Nelson (left) Due to her limited mobility, Amy claims long-term sickness benefits from the government and she has never worked a full-time job. She would need to earn over £35,000 per year to match the benefits she is getting now - £10,000 more than the average salary in her area During the documentary, Amy spoke of how she would like a job but is worried that if she finds one, or even starts looking for one, her benefits will be cut and she will lose far more money than she can ever hope to earn - a cycle known as the welfare trap. According to the team at Dispatches, Amy would need to earn over £35,000 per year to match the benefits she is getting now. That is £10,000 more than the average salary in her area. Read More I told my children the truth about Santa and am giving them yellow sticker gifts for Christmas Responding to comments that she appears healthy, Amy said: 'Just because someone looks alright doesn't mean that they are. I use a walking stick for a reason - not as a fashion accessory.' Explaining her dilemma, Amy said that she has to make decisions both for herself and for her son. She said: 'If I find a job that's not suitable and I'm going into it and trying it, I need to know that I can bounce back into something because I have a son. 'If I went and got a job tomorrow, everything I get would stop from today. 'I would get letters coming in through the door telling me that my rent has stopped and I owe this and I owe that and where does that leave my eight-year-old?' Eddy Graham, who works at the charity Z2K in London and helps people navigate the benefits system, said that Amy is not alone in feeling this way. He told Channel 4 Dispatches: 'A lot of people who are unwell and on sickness benefits would like to go back into work... but they are very worried and anxious and frightened about what would happen if they try and they don't succeed. 'It's the insecurity and it's the fear of losing the low but stable income that they've got which acts as a real disincentive to many people.' While watching her son Alfie, eight, at the playground, the single mother said: 'Being pregnant basically broke my pelvis so it needed fusion surgery to put it back and keep it in place' The single mother said that she had wanted to be a barrister but her 'pelvis decided otherwise' At the end of the documentary, it is revealed that Amy is training to become a councillor - although she is unsure whether she will ever be able to use her skills in the workplace. She said: 'It's scary because it feels like there's no in-between. I don't want to be in a situation where I can't provide for my child.' 'That, in a nutshell, is the welfare trap,' presenter Fraser Nelson said. 'The new government needs to do something about it and fast.' Fraser is a British political journalist, who previously edited The Spectator until Michael Gove took over this year. At the start of the one-hour documentary, Fraser declares that the benefits system is in crisis and the 'g reatest challenge the new government faces'. He goes on to say that seven per cent of the working population claim long-term sickness benefits - and 900,000 more are set to join them by the time the next election rolls out. This is the equivalent of losing the combined workforce of Birmingham and Glasgow . Britain's Benefits Scandal: Dispatches airs at 8pm on Channel 4 tonight. Channel 4 Share or comment on this article: New Channel 4 Dispatches investigates Britain's 'welfare trap' as unemployed single mother, 35, admits real reason she's too scared to find a job e-mail 13 shares Add commentThe Red Devils travel to Portman Road to face Ipswich Town on Sunday as the Amorim era begins; the Portuguese coach taking over from Erik ten Hag following a brief interim spell under Ruud van Nistelrooy. have certainly improved since Ten Hag’s departure, winning three and drawing one of their last four matches, compared to just one win in their last eight under the Dutchman. On paper, a match against a newly promoted side should be a great way for Amorim to start his reign. However, Ipswich have taken four points from their last two games and shocked Tottenham 2-1 away just before the international break; their first Premier League win since April 2002. will hope he’s managed to get some of his early messaging through to his new squad, who will need to be at their best to take all three points. Chris Sutton has predicted this weekend’s clash for and it doesn’t make for good reading for United fans. The former Blackburn and Celtic striker doesn’t foresee a defeat for United, which would represent a disastrous start for Amorim. However, he doesn’t think the Red Devils will be able to overcome their hosts. “I am guessing this is Amorim’s first visit to Ipswich and he will probably be a bit underwhelmed, because there are much nicer cities in East Anglia to visit,” Sutton wrote. “It’s not the ideal place for him to get started with Manchester United either. “Ipswich’s win at Tottenham will give them real belief and they have had three draws already at home, so they will be competitive, especially if United are adapting to a new system – a lot of their players are coming back from international duty and haven’t had time to work with Amorim. “United will have some defending to do because Sammie Szmodics is lively up front and Liam Delap is a handful too — his stats for goal involvements, including assists, is really impressive. Ipswich just need to stop being so careless defensively. If they do that, they could get something from this game. “Everyone else is probably going to put Amorim to start with a win, but I am going for a draw. “After all the excitement and the hype about the apparent upgrade, then it is unthinkable for United to lose to the Tractor Boys, but imagine if they do drop points?”None

South Korean President Yoon Suk Yeol said he will lift his martial law decree, giving in to the parliament’s opposition, just hours after his dramatic move imposing it Tuesday. Yoon said in a televised address early Wednesday that he will “accept the National Assembly’s demand and lift the martial law through a cabinet meeting,” which he said he had called but its members hadn’t yet arrived. He will immediately lift the martial law when they convene, he said. Yoon, 63, stunned the nation, lawmakers and investors earlier by declaring martial law in a high-stakes move he claimed would prevent the opposition from trying to paralyze his administration amid a political rift that is set to deepen markedly. The South Korean leader’s political future will be put to test after his daring move, which caught even his fellow party members and foreign allies like the US by surprise. “I request the National Assembly to immediately stop the reckless acts of paralyzing the functions of the state through repeated impeachments, legislative manipulation, and budget manipulation,” Yoon said in his earlier televised address. After Yoon announced he would lift the decree, South Korea’s Joint Chiefs of Staff said its troops that had been mobilized for the martial law declaration have returned to their original posts as of 4:22 a.m., Yonhap reported. No unusual activities have been spotted from North Korea, it added. The move was viewed by analysts as a risky political play that was likely to backfire rather than an attempt to return to military-led regimes of the past. With the his own government and party kept in the dark alongside the US and other friendly nations, Yoon created a chaotic moment that left him isolated and even further from controlling the political agenda going forward. Early Wednesday morning, 190 lawmakers in the 300-seat parliament unanimously voted to demand the lifting of martial law. The president had said his move was intended to protect freedom and constitutional order, that it wouldn’t have an impact on South Korea’s foreign policy, and that it would help eradicate the influence of North Korean supporters. A proclamation released after the address banned all political activities and strikes and said media would be subject to control of the Martial Law Command.Korean assets were battered during New York trading. The won suffered its sharpest drop since the global financial crisis to hit 1444.65 its lowest in over two years, before paring losses. Samsung Electronics’ London-listed shares fell as much as 7.2% then regained some ground. The finance minister and central bank chief met and promised to provide unlimited liquidity to markets if needed. The Bank of Korea will meet early Wednesday, just a week after a surprise rate cut partly triggered by heightened uncertainty generated by US President-elect Donald Trump’s election victory. Adding to the sense of chaos, the nation’s largest union federation called a general strike in defiance of Yoon’s order. The shock announcement to impose martial law for the first time since the democratization of South Korea in 1987 caught even Yoon’s own party off guard. Han Dong-hoon, leader of Yoon’s People Power Party, condemned the move and vowed to stop it, in a sign of the president’s increasing isolation and his lack of consultation. The move also surprised the White House, prompting Deputy Secretary of State Kurt Campbell to say that the Biden administration was watching the developments with “grave concern.” Yoon’s abrupt decision came after months of wrangling and deadlock in parliament between the president’s minority government and the main opposition Democratic Party, but with little expectation that the president would take such a drastic step. The opposition has been trying to force its budget proposal through parliament and has submitted an impeachment motion against the chief prosecutor after months of also trying to get Yoon’s wife prosecuted. Adding to the fractious political rift, the DP’s leader has faced multiple court cases and was convicted last month of election-law violations, barring him from running for president if it is finalized. Amid the political standoff, Yoon had vetoed a string of bills passed by parliament and at times angering his own party. His latest act ramped up tensions considerably domestically, while also creating high uncertainty abroad for the outlook of one of the world’s key suppliers of semiconductors and a stalwart US ally in an increasingly complex security environment in Asia. Even though the martial law order lasted less than a day, the political instability it will generate is set to last two or three years, according to Lee Won-Jae, a sociology professor at at Kaist Graduate School of Culture Technology in Daejeon. “Martial law has lost its effect, so from this moment on, all state institutions exercising physical force, including the military and police of the Republic of Korea, are obligated not to follow unlawful or unfair instructions,” Han, the leader of Yoon’s party, said in a Facebook post. Yoon’s moves came at a time of high uncertainty for the nation as its trade-dependent economy faces potential tariffs from Trump’s incoming US administration. Bloomberg Economics estimates that full imposition of tariffs on China, South Korea and other US trading partners could reduce Seoul’s exports to the US by as much as 55%. Meanwhile, North Korea continues to present a security concern as it deepens its ties with Russia, having sent thousands of troops there to help in Moscow’s war against Ukraine. Russia’s defense minister visited Pyongyang last week in the latest sign of talks between the two countries. Russia may help provide North Korea key technology for its weapons programs including its intercontinental ballistic missiles. “We shouldn’t be fooled - this has nothing at all to do with North Korea and all to do with domestic politics,” said Defense Priorities Fellow Daniel DePetris. China suggested its citizens residing in South Korea keep calm and try to avoid going outdoors for anything non-essential, the country’s embassy said in a post on social media Tuesday night. The embassy also asked Chinese citizens to comply with official orders from the Korean government and “use caution” over sharing political opinions. “The domestic uncertainty adds to the external pressures in recent weeks as the market is starting to price in the rise of higher US tariffs under the new Trump administration,” said Aroop Chatterjee, a strategist at Wells Fargo. “Korea is an open economy sensitive to shifts in global export demand and spillovers from a weaker China.” What Bloomberg Economics Says... “The declaration of martial law appears to be motivated primarily by domestic politics rather than stresses in the relationship with North Korea.” — Ben Baris, economist For the full report, click here While it remains to be seen if the short-lived declaration of martial law will have a lasting impact on markets and the economy, Yoon’s high-stakes move is certain to knock confidence in his leadership and his reliability as a bullwark of democracy in a nation with many authoritarian neighbors. “US officials look to South Korea now as a beacon of democracy so for a president to pull a fast one like this is certainly shocking and unprecedented.” said DePetris. Read: Text of South Korean President’s Speech Imposing Martial Law Bank of Korea’s monetary board, which unexpectedly cut the key rate last week, will also hold an extraordinary meeting Wednesday morning to discuss steps to shield the economy and markets. “From a near-term policy standpoint, apart from the market disruptions, uncertainty could also arise in the event of cabinet changes,” Goldman Sachs Group Inc. analysts Goohoon Kwon and Kamakshya Trivedi wrote in a note Tuesday. With assistance from Maria Elena Vizcaino. This article was generated from an automated news agency feed without modifications to text.Tarar denies any ‘contact’ with PTI ahead of Islamabad protest

defender has said he is "devastated" after suffering a fresh injury setback. Shaw has only just returned from injury and has made substitute appearances in each of Ruben Amorim's three games in charge. A source has told ESPN that his latest problem, picked up in training, is set to rule him out for a number of weeks. In a statement posted on social media on Tuesday, Shaw said it was his "toughest period." "It's hurting a lot having to write this as I really thought I had got through my recent struggles and was on a positive path going forward, but unfortunately I've had a small setback," Shaw said. "I've been through a lot of ups and downs but this has definitely been my toughest period. I'm absolutely devastated and it's extremely tough to come to terms with reality at this moment in time." Shaw has come in for criticism from some United fans after missing the end of last season with a hamstring injury but returning to play for in the Euro 2024 final in July. Another injury picked up after the Euros saw him miss the first three months of the current campaign. The 29-year-old has started just four games for United in 2024. "I understand there are going to be people frustrated, angry, disappointed and I understand all of that," Shaw said. "There is no one feeling that more than me at this moment in time. "But what I can promise is I will do everything I can to come back better soon to help this club achieve its ambitions this season. Thank you to everyone for the support. It really doesn't go unnoticed and I really do appreciate it."Top Altcoins Expected To Surge Before the Next Bull Run Don’t Miss These Opportunities

XPO Provides North American LTL Operating Data for November 2024What Google's quantum computing breakthrough Willow means for the future of bitcoin and other cryptosAwarded industry-first design win from a top-four hyperscaler SANTA CLARA, Calif. , Dec. 3, 2024 /PRNewswire/ -- Today Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, announced financial results for its third quarter fiscal year 2025 ended November 3, 2024. "Pure Storage has achieved another industry first in our journey of data storage innovation with a transformational design win for our DirectFlash technology in a top-four hyperscaler," said Pure Storage Chairman and CEO Charles Giancarlo . "This win is the vanguard for Pure Flash technology to become the standard for all hyperscaler online storage, providing unparalleled performance and scalability while also reducing operating costs and power consumption." Third Quarter Financial Highlights "Our third quarter results exceeded our expectations on revenue and operating income, demonstrating the sustaining strength of our business models," said Kevan Krysler , Pure Storage CFO. "We remain focused on driving both near-term results and long-term value creation through disciplined investments and innovation that position Pure as the leader in transforming the data storage landscape." Third Quarter Company Highlights Industry Recognition and Accolades Fourth Quarter and FY25 Guidance Q4FY25 Revenue $867M Revenue YoY Growth Rate 9.7 % Non-GAAP Operating Income $135M Non-GAAP Operating Margin 15.6 % FY25 Revenue $3.15B Revenue YoY Growth Rate 11.5 % Non-GAAP Operating Income $540M Non-GAAP Operating Margin 17 % These statements are forward-looking and actual results may differ materially. Refer to the Forward Looking Statements section below for information on the factors that could cause our actual results to differ materially from these statements. Pure has not reconciled its guidance for non-GAAP operating income and non-GAAP operating margin to their most directly comparable GAAP measures because certain items that impact these measures are not within Pure's control and/or cannot be reasonably predicted. Accordingly, reconciliations of these non-GAAP financial measures guidance to the corresponding GAAP measures are not available without unreasonable effort. Conference Call Information Pure will host a teleconference to discuss the third quarter fiscal 2025 results at 2:00 pm PT today, December 3, 2024. A live audio broadcast of the conference call will be available on the Pure Storage Investor Relations website . Pure will also post its earnings presentation and prepared remarks to this website concurrent with this release. A replay will be available following the call on the Pure Storage Investor Relations website or for two weeks at 1-800-770-2030 (or 1-647-362-9199 for international callers) with passcode 5667482. Additionally, Pure is scheduled to participate at the following investor conferences: Wells Fargo 8th Annual TMT Summit Date: Wednesday, December 4, 2024 Time: 1:30 p.m. PT / 4:30 p.m. ET Chief Technology Officer Rob Lee 27th Annual Needham Growth Conference Date: Thursday, January 16, 2025 Time: 9:45 a.m. PT / 12:45 p.m. ET Founder & Chief Visionary Officer John "Co z" Colgrove Chief Financial Officer Kevan Krysler The presentations will be webcast live and archived on Pure's Investor Relations website at investor.purestorage.com . ---- About Pure Storage Pure Storage (NYSE: PSTG) delivers the industry's most advanced data storage platform to store, manage, and protect the world's data at any scale. With Pure Storage, organizations have ultimate simplicity and flexibility, saving time, money, and energy. From AI to archive, Pure Storage delivers a cloud experience with one unified Storage as-a-Service platform across on premises, cloud, and hosted environments. Our platform is built on our Evergreen architecture that evolves with your business – always getting newer and better with zero planned downtime, guaranteed. Our customers are actively increasing their capacity and processing power while significantly reducing their carbon and energy footprint. It's easy to fall in love with Pure Storage, as evidenced by the highest Net Promoter Score in the industry. For more information, visit www.purestorage.com . Connect with Pure Blog LinkedIn Twitter Facebook Pure Storage, the Pure P Logo, Portworx, and the marks on the Pure Storage Trademark List are trademarks or registered trademarks of Pure Storage Inc. in the U.S. and/or other countries. The Trademark List can be found at purestorage.com/trademarks . Other names may be trademarks of their respective owners. Forward Looking Statements This press release contains forward-looking statements regarding our products, business and operations, including but not limited to our views relating to our opportunity with hyperscale and AI environments, our ability to meet hyperscalers' performance and price requirements, our ability to meet the needs of hyperscalers for the entire spectrum of their online storage use cases, the timing and magnitude of large orders, including sales to hyperscalers, the timing and amount of revenue from hyperscaler licensing and support services, future period financial and business results, demand for our products and subscription services, including Evergreen//One, the relative sales mix between our subscription and consumption offerings and traditional capital expenditure sales, our technology and product strategy, specifically customer priorities around sustainability, the environmental and energy saving benefits to our customers of using our products, our ability to perform during current macro conditions and expand market share, our sustainability goals and benefits, the impact of inflation, economic or supply chain disruptions, our expectations regarding our product and technology differentiation, new customer acquisition, and other statements regarding our products, business, operations and results. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the caption "Risk Factors" and elsewhere in our filings and reports with the U.S. Securities and Exchange Commission, which are available on our Investor Relations website at investor.purestorage.com and on the SEC website at www.sec.gov . Additional information is also set forth in our Annual Report on Form 10-K for the year ended February 4, 2024. All information provided in this release and in the attachments is as of December 3, 2024, and Pure undertakes no duty to update this information unless required by law. Key Performance Metric Subscription ARR is a key business metric that refers to total annualized contract value of all active subscription agreements on the last day of the quarter, plus on-demand revenue for the quarter multiplied by four. Non-GAAP Financial Measures To supplement our unaudited condensed consolidated financial statements, which are prepared and presented in accordance with GAAP, Pure uses the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, and free cash flow. We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Our management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses such as stock-based compensation expense, payments to former shareholders of acquired companies, payroll tax expense related to stock-based activities, amortization of debt issuance costs related to debt, and amortization of intangible assets acquired from acquisitions that may not be indicative of our ongoing core business operating results. Pure believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when analyzing historical performance and liquidity and planning, forecasting, and analyzing future periods. The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP, and our non-GAAP measures may be different from non-GAAP measures used by other companies. For a reconciliation of these non-GAAP financial measures to GAAP measures, please see the tables captioned "Reconciliations of non-GAAP results of operations to the nearest comparable GAAP measures" and "Reconciliation from net cash provided by operating activities to free cash flow," included at the end of this release. PURE STORAGE, INC. Condensed Consolidated Balance Sheets (in thousands, unaudited) At the End of Third Quarter of Fiscal 2025 Fiscal 2024 Assets Current assets: Cash and cash equivalents $ 894,569 $ 702,536 Marketable securities 753,960 828,557 Accounts receivable, net of allowance of $956 and $1,060 578,224 662,179 Inventory 41,571 42,663 Deferred commissions, current 86,839 88,712 Prepaid expenses and other current assets 204,485 173,407 Total current assets 2,559,648 2,498,054 Property and equipment, net 431,353 352,604 Operating lease right-of-use-assets 157,574 129,942 Deferred commissions, non-current 210,671 215,620 Intangible assets, net 23,039 33,012 Goodwill 361,427 361,427 Restricted cash 11,249 9,595 Other assets, non-current 99,504 55,506 Total assets $ 3,854,465 $ 3,655,760 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 102,021 $ 82,757 Accrued compensation and benefits 155,652 250,257 Accrued expenses and other liabilities 141,846 135,755 Operating lease liabilities, current 47,941 44,668 Deferred revenue, current 897,174 852,247 Debt, current 100,000 — Total current liabilities 1,444,634 1,365,684 Long-term debt — 100,000 Operating lease liabilities, non-current 146,390 123,201 Deferred revenue, non-current 784,282 742,275 Other liabilities, non-current 68,573 54,506 Total liabilities 2,443,879 2,385,666 Stockholders' equity: Common stock and additional paid-in capital 2,821,010 2,749,627 Accumulated other comprehensive income (loss) 1,023 (3,782) Accumulated deficit (1,411,447) (1,475,751) Total stockholders' equity 1,410,586 1,270,094 Total liabilities and stockholders' equity $ 3,854,465 $ 3,655,760 PURE STORAGE, INC. Condensed Consolidated Statements of Operations (in thousands, except per share data, unaudited) Third Quarter of Fiscal First Three Quarters of Fiscal 2025 2024 2025 2024 Revenue: Product $ 454,735 $ 453,277 $ 1,204,714 $ 1,161,978 Subscription services 376,337 309,561 1,083,608 878,838 Total revenue 831,072 762,838 2,288,322 2,040,816 Cost of revenue: Product (1) 154,970 126,770 385,446 343,588 Subscription services (1) 93,180 83,321 284,168 244,541 Total cost of revenue 248,150 210,091 669,614 588,129 Gross profit 582,922 552,747 1,618,708 1,452,687 Operating expenses: Research and development (1) 200,086 182,100 589,396 549,923 Sales and marketing (1) 255,830 231,707 757,069 696,885 General and administrative (1) 67,319 64,729 213,551 192,944 Restructuring and impairment (2) — — 15,901 16,766 Total operating expenses 523,235 478,536 1,575,917 1,456,518 Income (loss) from operations 59,687 74,211 42,791 (3,831) Other income (expense), net 17,156 5,184 50,684 23,619 Income before provision for income taxes 76,843 79,395 93,475 19,788 Income tax provision 13,204 9,006 29,171 23,915 Net income (loss) $ 63,639 $ 70,389 $ 64,304 $ (4,127)

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