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2025-01-25
RICHMOND, Va.--(BUSINESS WIRE)--Dec 12, 2024-- The Board of Directors of NewMarket Corporation (NYSE: NEU) (the “Company”) approved a new share repurchase program authorizing management to repurchase up to $500 million of the Company’s outstanding common stock through December 31, 2027, as market conditions warrant and covenants under the Company’s existing debt agreements permit. The new repurchase program will replace the Company’s existing $500 million repurchase program approved by the Board of Directors in October 2021, which will expire on December 31, 2024. Under the new program, the Company may conduct share repurchases in the open market, in privately negotiated transactions, through block trades or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The new program does not require the Company to acquire any specific number of shares and may be terminated or suspended at any time. NewMarket Corporation is a holding company operating through its subsidiaries Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), and American Pacific Corporation (AMPAC). The Afton and Ethyl companies develop, manufacture, blend, and deliver chemical additives that enhance the performance of petroleum products. AMPAC is a manufacturer of specialty materials primarily used in solid rocket motors for the aerospace and defense industries. The NewMarket family of companies has a long-term commitment to its people, to safety, to providing innovative solutions for its customers, and to making the world a better place. Some of the information contained in this press release constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although NewMarket’s management believes its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results will not differ materially from expectations. Factors that could cause actual results to differ materially from expectations include, but are not limited to, the availability of raw materials and distribution systems; disruptions at production facilities, including single-sourced facilities; hazards common to chemical businesses; the ability to respond effectively to technological changes in our industries; failure to protect our intellectual property rights; sudden, sharp, or prolonged raw material price increases; competition from other manufacturers; current and future governmental regulations; the loss of significant customers; termination or changes to contracts with contractors and subcontractors of the U.S. government or directly with the U.S. government; failure to attract and retain a highly-qualified workforce; an information technology system failure or security breach; the occurrence or threat of extraordinary events, including natural disasters, terrorist attacks, wars and health-related epidemics; risks related to operating outside of the United States; political, economic, and regulatory factors concerning our products; the impact of substantial indebtedness on our operational and financial flexibility; the impact of fluctuations in foreign exchange rates; resolution of environmental liabilities or legal proceedings; limitation of our insurance coverage; our inability to realize expected benefits from investment in our infrastructure or from acquisitions, or our inability to successfully integrate acquisitions into our business; the underperformance of our pension assets resulting in additional cash contributions to our pension plans; and other factors detailed from time to time in the reports that NewMarket files with the Securities and Exchange Commission, including the risk factors in Part I, Item 1A. “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2023 and Part II, Item 1A. “Risk Factors” of our Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024, which are available to shareholders at www.newmarket.com . You should keep in mind that any forward-looking statement made by NewMarket in the foregoing discussion speaks only as of the date on which such forward-looking statement is made. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. We have no duty to, and do not intend to, update or revise the forward-looking statements in this discussion after the date hereof, except as may be required by law. In light of these risks and uncertainties, you should keep in mind that the events described in any forward-looking statement made in this discussion, or elsewhere, might not occur. View source version on businesswire.com : https://www.businesswire.com/news/home/20241210821417/en/ CONTACT: FOR INVESTOR INFORMATION CONTACT: William J. Skrobacz Investor Relations Phone: 804.788.5555 Fax: 804.788.5688 Email: investorrelations@newmarket.com KEYWORD: VIRGINIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: CHEMICALS/PLASTICS ENERGY MANUFACTURING OIL/GAS SOURCE: NewMarket Corporation Copyright Business Wire 2024. PUB: 12/12/2024 05:01 PM/DISC: 12/12/2024 05:02 PM http://www.businesswire.com/news/home/20241210821417/enMONTREAL — Montreal Canadiens defenceman Mike Matheson was not available for Tuesday's game against the Utah Hockey Club due to a lower-body injury. The Canadiens announced his injury half an hour before puck drop. Jayden Struble took his place in the lineup as Montreal (7-11-2) faced Utah (8-10-3) for the first time. Matheson participated in the morning skate but missed practice on Monday. The 30-year-old from nearby Pointe-Claire, Que., leads all Montreal blueliners with 13 points (one goal, 12 assists) in 20 games as the lone defenceman on the team's top power-play unit. Struble has one goal and three assists in 15 games this season. This report by The Canadian Press was first published Nov. 26, 2024. The Canadian Pressjsbet app

The University of Colorado Boulder has created a free resource to help people recover their loved ones’ digital accounts or make plans for their own after death. The Digital Legacy Clinic at CU Boulder is a pro-bono service offered to the public to help with issues around digital legacy and online data accounts. They can help family members recover photos, emails and social media accounts belonging to a deceased loved one, and they can help people make an end-of-life plan for their own digital accounts. Jed Brubaker, the founder of the clinic and a CU Boulder professor, said the average internet user has about 190 online accounts and produces 850 gigabytes of data each year. “That’s a whole lot of photos, letters and personal history, and it would be a shame if that were lost,” Brubaker said. “And the truth is, the technology platforms just haven’t kept up with our end-of-life needs, so at the clinic, we’re here to bridge that gap.” Brubaker’s work has focused on the digital afterlife for 15 years. His work has directly informed the design and development of Facebook’s Legacy Contact, a feature that allows a user to select someone to manage their memorialized profile after their death. Without a feature like that, social media accounts that are inaccessible to anyone but their owner can exist long after that person has died, sending out routine birthday notifications, friend anniversary notices and memories. However, most technology platforms don’t allow users to name a beneficiary like they would in a financial account. “I think the tech sector is in need of some help to figure out what the best practices are so that every platform has some kind of support for end-of-life planning because most of them don’t right now,” Brubaker said. The clinic, which has a research and education focus, is partly funded by a $550,000 National Science Foundation grant. A team of specially-trained students respond to inquiries from clients and help them navigate digital accounts. Master’s student Rory O’Flynn helped develop the website for the clinic and has helped support a client. The client she worked with had a brother who died but still had portfolios online. She helped the client archive the brother’s photos, shut down part of the accounts and memorialize the rest privately for his family. “It was actually really cool,” O’Flynn said, adding, “It’s really, really interesting because it’s not something many people think of until it happens to them.” Digitized photos, videos, art, music, stories, blogs or professional work can all be lost after death. Losing it can be a loss of memories, and it can be devastating for loved ones. “It’s not just data,” Brubaker said. “There are personal stories, there are personal histories, there are family heritage. It’s hard to overstate the symbolic value of this.” The logistical burden of not being able to access those accounts can worsen stress and suffering when loved ones are already grieving. “It’s about reducing suffering and reducing extra areas of stress when someone is grieving, whether it’s grieving their eventual death or grieving the loss of a loved one,” doctoral student and researcher Dylan Thomas Doyle said. “When someone dies, there’s so many tasks and there’s so many emotions that come up.” Brubaker said many people don’t know how to talk about death. He hopes the clinic will help by providing clarity. “We can take them through the process and take them step by step and reduce the ambiguities and uncertainties and show them how to do this,” Brubaker said. The clinic is open to anyone of all ages. For more information or to request support, visit colorado.edu/center/digital-legacy .

Osisko Development Announces Change to the Board of DirectorsPhound Wins TMC Labs Unified Communications Innovation of the Year Award

OTTAWA — Incoming U.S. president Donald Trump is brushing off Ontario's threat to restrict electricity exports in retaliation for sweeping tariffs on Canadian goods, as the province floats the idea of effectively barring sales of American alcohol. On Wednesday, Premier Doug Ford said Ontario is contemplating restricting electricity exports to Michigan, New York state and Minnesota if Trump follows through on a threat to impose a 25 per cent tariff on imports from Canada. "That's OK if he that does that. That's fine," Trump told American network CNBC when asked Thursday about Ford’s remarks on the floor of the New York Stock Exchange. “The United States is subsidizing Canada and we shouldn’t have to do that," Trump added. "And we have a great relationship. I have so many friends in Canada, but we shouldn’t have to subsidize a country," he said, claiming this amounts to more than US$100 billion annually in unspecified subsidies. Meanwhile, an official in the Ford government says it's considering restricting the Liquor Control Board of Ontario from buying American-made alcohol. The province says the Crown agency is the largest purchaser of alcohol in the world. The province also says it could restrict exports of Canadian critical minerals required for electric-vehicle batteries, and bar American companies from provincial procurement. Ford doubled down Thursday on the idea of cutting off energy exports. The province says that in 2013, Ontario exported enough energy to power 1.5 million homes in those three states. "It's a last resort," Ford said. "We're sending a message to the U.S. (that if) you come and attack Ontario, you attack livelihoods of people in Ontario and Canadians, we are going to use every tool in our tool box to defend Ontarians and Canadians. Let’s hope it never comes to that." Ontario Energy Minister Stephen Lecce said the province would rather have co-operation with the U.S., but has mechanisms to "end power sale into the U.S. market" the day Trump takes office on Jan. 20. Alberta Premier Danielle Smith ruled out following suit. "Under no circumstances will Alberta agree to cut off oil and gas exports," she said. "Our approach is one of diplomacy, not threats." Michael Sabia, president and CEO of Hydro-Québec, said "it's not our current intention" to cut off Quebec's exports to Massachusetts or New York state, but he conceded it might be possible. "Our intention is to respect those contracts, both because they're legally binding, but also because it's part of, in our view, a sound relationship with the United States," he said. "It's a questionable instrument to use in a trade conflict." Manitoba Premier Wab Kinew would not directly say whether Manitoba would threaten to withhold hydroelectric exports. "We are preparing our list and starting to think through what those options should look like," he said. "I'm not going to make specific news today about items that we're looking at." Kinew added that some premiers felt retaliatory measures wouldn't work in a call Trudeau held Wednesday. Newfoundland and Labrador Premier Andrew Furey said "we have no interest in stopping" the export of energy to the U.S., adding that a trade war would hurt both countries. "We hope it is just bluster; we're preparing as if it is not," he said. Canada supplies more oil to the U.S. than any other country. About 60 per cent of U.S. crude oil imports are from Canada, and 85 per cent of U.S. electricity imports as well. Canada sold $170 billion worth of energy products last year to the U.S. It also has 34 critical minerals and metals the Pentagon is eager for. Trump has threatened to impose a 25 per cent tax on all products entering the United States from Canada and Mexico unless they stem the flow of migrants and drugs. Canadian officials have said it is unfair to lump Canada in with Mexico. U.S. customs agents seized 43 pounds of fentanyl at the Canadian border last fiscal year, compared with 21,100 pounds at the Mexican border. Canada since has promised more border security spending to address Trump's border concerns. Ford said that will include more border and police officers, as well as drones and sniffer dogs. This report by The Canadian Press was first published Dec. 12, 2024. — With files from The Associated Press, Liam Casey in Toronto, Lisa Johnson in Edmonton and Steve Lambert in Winnipeg. Dylan Robertson, The Canadian PressIn Moldova's path towards the EU, political prisoners in Transnistria face challenges

Texas probes tech platforms over safety and privacy of minorsClowns to Cabinet confirmation circusIt's a great time to jump into virtual reality. Meta's newest headset, the Meta Quest 3S, normally retails for $299, but there are extra savings on tap for Black Friday. The bundle that includes Batman: Arkham Shado w (an excellent game with a list price of $49.99) comes with a $75 store credit or gift card if you buy it on Amazon or Target for Black Friday. But wait, there's more : it also comes with a 3-month trial subscription to the Meta Quest+ service that's normally $7.99 a month. The Meta Quest 3S is my pick for best VR headset of 2024 "But Steve," you may be saying, "I want Meta's Quest 3 because it has better graphics ." That's a respectable viewpoint, and you can obviously buy a Meta Quest 3 on Amazon and everywhere else, but it won't come with $75 store credit, and I think you'd be overpaying. I've compared both of Meta's headsets against each other and found the Quest 3S superior, considering the price, and that was without a $75 store credit. While there are definitely more pixels and more storage with a Meta Quest 3, the Quest 3S's graphics look very close to the 3's to me, it runs the same games and apps as the Quest 3, and the experience of using a Quest 3S is exactly as fun as using a Quest 3. Check out my comparison article for more details .

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