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Seasoned retail executive to lead next phase of growth for extreme-value retailer PHILADELPHIA, PA, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Five Below, Inc. (NASDAQ: FIVE), the trend-right, high-quality extreme-value retailer for teens and pre-teens, today announced the appointment of Winnie Park as Chief Executive Officer (CEO) and a member of its Board of Directors, effective December 16, 2024. An accomplished retail executive with a career spanning more than three decades, Ms. Park has extensive experience in driving customer-centric business strategies, merchandising and brand building across a broad spectrum of specialty and value retail. In her new role, she will partner closely with Kenneth Bull, who will continue as Five Below's Chief Operating Officer. In addition, Thomas Vellios, Co-founder, will continue as Executive Chairman, working alongside Ms. Park, Mr. Bull and the rest of the leadership team to drive the Company's strategic priorities. Ms. Park will be based in Philadelphia. "Winnie is a passionate retail visionary with a deep understanding of the consumer and the power at the intersection of trend and value,” Mr. Vellios said. "The breadth of her leadership experience, especially her merchandising expertise, customer acumen, strong global background, and importantly, how she values people and champions organizational culture all make her uniquely suited for the role. Combined with Ken's expertise and deep knowledge of our business, I'm confident that together we will unlock tremendous potential for our customers and shareholders by delivering amazing product at exceptional value in a fun store experience.” Ms. Park served as Chief Executive Officer of Forever 21 since January 2022, leading a transformational brand refresh for the fast-fashion company focused on younger consumers with a social-media-first approach to engaging with customers. Under Ms. Park's leadership, the brand launched its omnichannel capabilities, social commerce and an award-winning metaverse partnership with Roblox. She also expanded categories beyond women's apparel to include kid's, gift, beauty and accessories. Prior to Forever 21, Ms. Park was the CEO of Paper Source, where she drove the business from a traditional brick-and-mortar retailer to an omnichannel lifestyle brand. Under her leadership, Paper Source developed a robust digital presence, encompassing social media, digital content, online subscriptions and affiliate partnerships. Prior to Paper Source, Ms. Park served as Executive Vice President, Global Marketing and eCommerce, and Global VP, GMM, Merchandising, at Hong Kong-based international retail leader Duty Free Shoppers, a division of LVMH. At DFS, Ms. Park launched the company's first global eCommerce site, serving customers across China, Korea, Japan, Southeast Asia, the Middle East and the United States. Ms. Park has also led Women's Merchandising for Dockers at Levi Strauss & Co. and worked at McKinsey in fashion retail and consumer digital. Ms. Park served on the board of Dollar Tree from 2020 to 2024. She earned a BA from Princeton University and an MBA from Northwestern University. "I'm a huge fan of the Five Below brand and its unique ability to connect with and empower teens and pre-teens through an amazing assortment of extreme-value items in a fun shopping environment,” said Ms. Park. "There is enormous opportunity to build on the exciting initiatives that are already underway as we elevate our product, value and experience. I am excited to be a part of the continued growth of the brand and to be partnering with Tom, Ken and the rest of the talented team as we execute on the long runway for growth ahead.” Mr. Vellios continued, "I would like to extend a deep appreciation to Ken for his support as interim CEO over the past several months. His contributions have been critical in helping us refocus and create momentum in the business. I'm delighted that Ken is continuing in his role as COO, and on behalf of the board and the entire Five Below team, I want to thank him.” Mr. Bull said, "I've been honored to call Five Below my home since 2005 and am thrilled to welcome Winnie to the team. Her experience, leadership style and deep focus on people - both customers and crew - make her a great fit. I am excited about the possibilities ahead and look forward to partnering with Winnie to unlock our full potential and drive the next phase of Five Below's growth.” Forward-Looking Statements: This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect management's current views and estimates regarding the Company's industry, business strategy, goals and expectations concerning its market position, future operations, margins, profitability, capital expenditures, liquidity and capital resources, store count potential and other financial and operating information. Investors can identify these statements by the fact that they use words such as "anticipate," "assume," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "future" and similar terms and phrases. The Company cannot assure investors that future developments affecting the Company will be those that it has anticipated. Actual results may differ materially from these expectations due to risks related to disruption to the global supply chain, risks related to the Company's strategy and expansion plans, risks related to our ability to attract, retain, and integrate qualified executive talent, risks related to disruptions in our information technology systems and our ability to maintain and upgrade those systems, risks related to the inability to successfully implement our online retail operations, risks related to cyberattacks or other cyber incidents, risks related to increased usage of machine learning and other types of artificial intelligence in our business, and challenges with properly managing its use; risks related to our ability to select, obtain, distribute and market merchandise profitably, risks related to our reliance on merchandise manufactured outside of the United States, the availability of suitable new store locations and the dependence on the volume of traffic to our stores, risks related to changes in consumer preferences and economic conditions, risks related to increased operating costs, including wage rates, risks related to inflation and increasing commodity prices, risks related to potential systematic failure of the banking system in the United States or globally, risks related to extreme weather, pandemic outbreaks, global political events, war, terrorism or civil unrest (including any resulting store closures, damage, or loss of inventory), risks related to leasing, owning or building distribution centers, risks related to our ability to successfully manage inventory balance and inventory shrinkage, quality or safety concerns about the Company's merchandise, increased competition from other retailers including online retailers, risks related to the seasonality of our business, risks related to our ability to protect our brand name and other intellectual property, risks related to customers' payment methods, risks related to domestic and foreign trade restrictions including duties and tariffs affecting our domestic and foreign suppliers and increasing our costs, including, among others, the direct and indirect impact of current and potential tariffs imposed and proposed by the United States on foreign imports, risks associated with the restrictions imposed by our indebtedness on our current and future operations, the impact of changes in tax legislation and accounting standards and risks associated with leasing substantial amounts of space. For further details and a discussion of these risks and uncertainties, see the Company's periodic reports, including the annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, filed with or furnished to the Securities and Exchange Commission and available at www.sec.gov . If one or more of these risks or uncertainties materialize, or if any of the Company's assumptions prove incorrect, the Company's actual results may vary in material respects from those projected in these forward-looking statements. Any forward-looking statement made by the Company in this news release speaks only as of the date on which the Company makes it. Factors or events that could cause the Company's actual results to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. About Five Below Five Below is a leading high-growth value retailer offering trend-right, high-quality products loved by teens and pre-teens. We believe life is better when customers are free to "let go & have fun" in an amazing experience filled with unlimited possibilities. With most items priced between $1 and $5, and some extreme value items priced beyond $5 in our incredible Five Beyond Shop, Five Below makes it easy to say YES! to the newest, coolest stuff across eight awesome Five Below worlds: Style, Room, Sports, Tech, Create, Party, Candy and New & Now. Founded in 2002 and headquartered in Philadelphia, Pennsylvania, Five Below today has over 1,750 stores in 44 states. For more information, please visit www.fivebelow.com or find Five Below on Instagram, TikTok and Facebook @FiveBelow. Investor Contact Christiane Pelz Vice President, Investor Relations Five Below, Inc. [email protected] Media Contact Jessica Liddell Partner, ICR [email protected]Brock Bowers of the Las Vegas Raiders moved past Pro Football Hall of Famer Mike Ditka on Sunday to set the NFL record for most receiving yards by a tight end in his rookie season and also set the record for most receptions by a rookie, regardless of position. Bowers has 108 receptions to top the mark set last season by Puka Nacua (105) of the Los Angeles Rams. Bowers' yardage stands at 1,144 after having seven receptions for 77 yards in a 25-10 road victory over the New Orleans Saints. Bowers also set a franchise receptions for catches in a season, surpassing Darren Waller (107 in 2020). "It's awesome," Bowers said of the records in a postgame interview on Fox. " You never know what to expect coming up to the next level. It's been everything and more." Bowers' third catch on Sunday -- a 13-yard grab late in the second quarter against the Saints -- pushed his season total to 1,087 yards. Ditka totaled 1,076 receiving yards in 14 games with the Chicago Bears in 1961. Bowers, 22, set the record for receptions by a rookie tight end earlier this season by eclipsing the total of 86 reeled in by Sam LaPorta of the Detroit Lions in 2023. Bowers was selected by the Raiders with the 13th overall pick of the 2024 NFL Draft. Despite all his catches, he has just four scoring receptions. While with Georgia, Bowers was the first back-to-back winner of the Mackey Award (2022, 2023), which is given to the top tight end in college football. --Field Level Media
NEW YORK (AP) — Ayden Pereira rushed for 136 yards on 17 carries and threw for a touchdown and Merrimack's defense smothered Fordham 19-3 in a season finale. Jay Thompson had three solo sacks and was credited with four of Merrimack’s 11 sacks. The Rams (2-10) finished with just four first downs and were held to minus-29 yards rushing and 31 total yards offense. The Warriors (5-6) also made two interceptions. Pereira was 12-of-15 passing for 131 yards, connecting with Jalen McDonald for a 12-yard touchdown and a 16-3 lead late in the third quarter. Lliam Davis's field goal made it 19-3 in the fourth quarter. After Kendal Sims blocked a Fordham punt out of the end zone for a safety, Jermaine Corbett went over from a yard out for a 9-0 lead in the first quarter. Bennett Henderson had Fordham's only points with a 43-yard field goal. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football . Sign up for the AP’s college football newsletter: https://apnews.com/cfbtop25
Victory Capital Management Inc. Acquires 1,789 Shares of Morningstar, Inc. (NASDAQ:MORN)
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How to Watch Top 25 College Basketball Games – Sunday, November 24Mutual of America Capital Management LLC Purchases 23,294 Shares of BlackLine, Inc. (NASDAQ:BL)
IPO News Today Live Updates: Navigate the dynamic world of initial public offerings with our dedicated IPO News section. Here, we bring you the latest updates on companies stepping into the public market, offering insights into their financial strategies, valuation, and market reception. Whether you're an investor looking for new opportunities or simply curious about the financial markets, our coverage provides essential information on IPO timelines, pricing, and performance post-listing. Stay informed about which companies are making their debut on the stock exchange and understand the trends and factors influencing their decisions to go public in today's economic landscape. IPO News Today Live: 6:11 bonus shares, 1:10 stock split: Multibagger SME IPO turns ₹1 lakh into ₹25.93 lakh in seven yearsAGNC Investment Corp. ( NASDAQ:AGNCP – Get Free Report ) declared a quarterly dividend on Wednesday, December 11th, NASDAQ Dividends reports. Stockholders of record on Wednesday, January 1st will be paid a dividend of 0.3828 per share on Wednesday, January 15th. This represents a $1.53 annualized dividend and a dividend yield of 6.14%. The ex-dividend date is Tuesday, December 31st. AGNC Investment Stock Performance Shares of NASDAQ AGNCP opened at $24.95 on Friday. AGNC Investment has a 12-month low of $21.61 and a 12-month high of $25.05. The firm has a 50 day moving average of $24.76 and a 200 day moving average of $24.43. AGNC Investment Company Profile ( Get Free Report ) Further Reading Receive News & Ratings for AGNC Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGNC Investment and related companies with MarketBeat.com's FREE daily email newsletter .Mutual of America Capital Management LLC lessened its position in shares of Bloomin’ Brands, Inc. ( NASDAQ:BLMN – Free Report ) by 41.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 194,968 shares of the restaurant operator’s stock after selling 140,227 shares during the period. Mutual of America Capital Management LLC’s holdings in Bloomin’ Brands were worth $3,223,000 as of its most recent SEC filing. Several other hedge funds also recently made changes to their positions in BLMN. Deprince Race & Zollo Inc. bought a new position in Bloomin’ Brands during the second quarter worth $28,672,000. Victory Capital Management Inc. boosted its holdings in shares of Bloomin’ Brands by 29.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,492,119 shares of the restaurant operator’s stock valued at $47,923,000 after buying an additional 569,855 shares during the period. Millennium Management LLC boosted its holdings in shares of Bloomin’ Brands by 2,520.7% in the 2nd quarter. Millennium Management LLC now owns 468,507 shares of the restaurant operator’s stock valued at $9,009,000 after buying an additional 450,630 shares during the period. Systematic Financial Management LP grew its position in shares of Bloomin’ Brands by 76.5% during the 2nd quarter. Systematic Financial Management LP now owns 544,742 shares of the restaurant operator’s stock valued at $10,475,000 after buying an additional 236,037 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Bloomin’ Brands by 6.2% during the third quarter. Principal Financial Group Inc. now owns 2,529,130 shares of the restaurant operator’s stock worth $41,806,000 after acquiring an additional 147,895 shares during the period. Bloomin’ Brands Price Performance Shares of NASDAQ BLMN opened at $13.19 on Friday. The firm’s 50-day simple moving average is $15.77 and its 200 day simple moving average is $18.06. The stock has a market cap of $1.12 billion, a P/E ratio of -116.50 and a beta of 2.04. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. Bloomin’ Brands, Inc. has a fifty-two week low of $12.26 and a fifty-two week high of $30.13. Bloomin’ Brands Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Monday, November 25th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 7.28%. The ex-dividend date of this dividend is Monday, November 25th. Bloomin’ Brands’s payout ratio is currently -872.73%. Wall Street Analysts Forecast Growth A number of equities analysts have commented on BLMN shares. Deutsche Bank Aktiengesellschaft lowered their target price on Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. JPMorgan Chase & Co. lowered their price objective on Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. StockNews.com raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Citigroup reduced their price target on shares of Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Monday, August 19th. Finally, Barclays dropped their price objective on shares of Bloomin’ Brands from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $19.70. View Our Latest Research Report on BLMN Bloomin’ Brands Profile ( Free Report ) Bloomin' Brands, Inc, through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba's Italian Grill, a casual Italian restaurant; Bonefish Grill; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse. Featured Stories Want to see what other hedge funds are holding BLMN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bloomin’ Brands, Inc. ( NASDAQ:BLMN – Free Report ). Receive News & Ratings for Bloomin' Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloomin' Brands and related companies with MarketBeat.com's FREE daily email newsletter .
The man who was famously punched by John Prescott has paid his respects to the former deputy prime minister. Craig Evans, who hurled an egg at the Labour politician during a protest about farming issues in 2001, expressed his condolences after hearing of his death. Speaking from his home, the-53-year-old dad-of-two said: "A friend called me this morning to say he died, he had Alzheimer's I believe, you wouldn't wish that on anyone, my thoughts are with his family. The guy has died." He added: "Alzheimer's is a terrible thing... my grandad died of Alzheimers and you wouldn't wish that on anyone. It robs the person and it robs the family of the person." READ MORE: Andy Burnham welcomes English National Opera to Greater Manchester after 'awkward' start Over the years, Craig has turned down numerous TV invitations to discuss the incident, which made headlines nationwide, the Mirror reports. When asked about his current feelings on the matter, he said: "It's too long ago, it is what it is, it happened at the time. I'm well known [for it]". Craig claims he is often recognised as the man who had a scuffle with John Prescott. When questioned if he regrets the incident after all these years, he replied: "I don't regret it, I still believe now what I did back then." The moment John Prescott punched Craig Evans at a fuel protest in Rhyl, North Wales (Image: Sky News) Mr Prescott passed away at the age of 86 following a battle with Alzheimer's, his family confirmed earlier today. His family have said he "spent his life trying to improve the lives of others, fighting for social justice and protecting the environment". The former trade union activist and ex-merchant seaman passed away "peacefully" and surrounded by loved ones at his care home, they confirmed. John Prescott with former Prime Minister Tony Blair (Image: 2024 PA Media, All Rights Reserved) A key player in Sir Tony Blair's New Labour era, Lord Prescott was often viewed as the guardian of the party's core tenets amid a wave of modernisation. Hearing of his former colleague's death, Sir Tony shared that he is "devastated". After being made a life peer in 2010, he became Baron Prescott of Kingston upon Hull, capping off his forty years representing the city in Parliament. Following his passing, his wife Pauline and sons Johnathan and David released a statement expressing how serving the people of Hull was his "his greatest honour".Atria Investments Inc lifted its position in shares of Qorvo, Inc. ( NASDAQ:QRVO – Free Report ) by 12.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,584 shares of the semiconductor company’s stock after purchasing an additional 293 shares during the period. Atria Investments Inc’s holdings in Qorvo were worth $267,000 at the end of the most recent quarter. Several other hedge funds have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. raised its stake in Qorvo by 78.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 537,730 shares of the semiconductor company’s stock valued at $55,548,000 after buying an additional 236,590 shares during the period. Bessemer Group Inc. raised its stake in Qorvo by 1,361.9% in the 1st quarter. Bessemer Group Inc. now owns 13,596 shares of the semiconductor company’s stock valued at $1,562,000 after acquiring an additional 12,666 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Qorvo by 23.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 370,200 shares of the semiconductor company’s stock valued at $42,510,000 after purchasing an additional 71,200 shares during the last quarter. APG Asset Management N.V. boosted its position in Qorvo by 21.9% during the second quarter. APG Asset Management N.V. now owns 101,243 shares of the semiconductor company’s stock worth $10,962,000 after purchasing an additional 18,178 shares during the period. Finally, Lazard Asset Management LLC boosted its position in Qorvo by 23,191.0% during the first quarter. Lazard Asset Management LLC now owns 20,729 shares of the semiconductor company’s stock worth $2,380,000 after purchasing an additional 20,640 shares during the period. 88.57% of the stock is currently owned by institutional investors and hedge funds. Insider Activity at Qorvo In related news, VP Gina Harrison sold 689 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $107.67, for a total transaction of $74,184.63. Following the sale, the vice president now owns 21,601 shares in the company, valued at $2,325,779.67. The trade was a 3.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink . 0.46% of the stock is currently owned by insiders. Analyst Upgrades and Downgrades Get Our Latest Stock Report on Qorvo Qorvo Stock Up 2.0 % Shares of QRVO opened at $69.25 on Friday. The firm has a 50 day simple moving average of $90.84 and a two-hundred day simple moving average of $103.23. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.90 and a quick ratio of 1.38. Qorvo, Inc. has a one year low of $64.98 and a one year high of $130.99. The company has a market cap of $6.55 billion, a P/E ratio of -47.43, a P/E/G ratio of 5.31 and a beta of 1.49. Qorvo ( NASDAQ:QRVO – Get Free Report ) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.03. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Qorvo had a positive return on equity of 13.81% and a negative net margin of 3.58%. Qorvo’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.99 EPS. Research analysts forecast that Qorvo, Inc. will post 3.37 EPS for the current fiscal year. Qorvo Profile ( Free Report ) Qorvo, Inc engages in development and commercialization of technologies and products for wireless, wired, and power markets. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency and power management solutions for automotive, defense and aerospace, cellular infrastructure, broadband, and other markets. Featured Articles Five stocks we like better than Qorvo How to Invest in Biotech Stocks Tesla Investors Continue to Profit From the Trump Trade What is Forex and How Does it Work? MicroStrategy’s Stock Dip vs. Coinbase’s Potential Rally How Can Investors Benefit From After-Hours Trading Netflix Ventures Into Live Sports, Driving Stock Momentum Want to see what other hedge funds are holding QRVO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qorvo, Inc. ( NASDAQ:QRVO – Free Report ). Receive News & Ratings for Qorvo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qorvo and related companies with MarketBeat.com's FREE daily email newsletter .
2 / 9 Tesla's exclusion from a new EV proposal could ignite a 'Game of Thrones' style feud Tesla's exclusion from a new EV proposal could ignite a 'Game of Thrones' style feud California Gov. Gavin Newsom is ruffling a lot of feathers — including Elon Musk’s — with his new proposal for electric vehicle incentives that would exclude Tesla’s ( TSLA ) popular models. - William Gavin Read More 3 / 9 NASA is making SpaceX fly a Toyota to the moon NASA is making SpaceX fly a Toyota to the moon When Elon Musk’s SpaceX helps NASA bring a vehicle to the Moon, it most likely won’t be a Tesla ( TSLA ) . NASA recently awarded Space X and Jeff Bezos’ Blue Original contracts for its Human Landing Systems, tasking them with figuring out how to transport roving vehicles to the moon by 2032 as part of its Artemis program. - Ben Kesslen Read More 4 / 9 Earth's rotation is tilting and it's all humans' fault Earth's rotation is tilting and it's all humans' fault You are most likely contributing to the earth’s shifting rotation tilting, just because you use your sink. A study by researchers in South Korea found that the earth has rotated 31.5 inches in the past two decades thanks to groundwater pumping, Earth.com reported . “Our study shows that among climate-related causes, the redistribution of groundwater actually has the largest impact on the drift of the rotational pole,” Ki-Weon Seo, a geophysicist at Seoul National University , said. - Ben Kesslen Read More 5 / 9 Trump is set to end the EV tax credit. Here are 7 electric cars to buy before it goes away Trump is set to end the EV tax credit. Here are 7 electric cars to buy before it goes away President-elect Donald Trump’s return to the White House is expected to be largely negative for the electric vehicle industry, given his years of past opposition and personal distaste for the technology. His team has already started plotting out his anti-EV moves. - William Gavin Read More 6 / 9 Elon Musk says he's a friend of the environment. But Tesla's factories are racking up pollution violations Elon Musk says he's a friend of the environment. But Tesla's factories are racking up pollution violations Tesla’s ( TSLA ) pollution issues have reportedly gone unaddressed at its Texas headquarters, adding another link in Elon Musk’s lengthy chain of environmental problems caused by his companies’ factories. - William Gavin Read More 7 / 9 Tesla's stock surge is being driven by 'animal spirits,' UBS says Tesla's stock surge is being driven by 'animal spirits,' UBS says Tesla ( TSLA ) shares have surged on investor optimism that President-elect Donald Trump will bring forward policies that benefit his ally, CEO Elon Musk. But those gains are entirely based on momentum, not any changes to the company’s fundamentals, UBS ( UBS ) analysts warned on Monday. - William Gavin Read More 8 / 9 Apple is nowhere to be found in this year's smartphone sales rebound, researchers say Apple is nowhere to be found in this year's smartphone sales rebound, researchers say Although global smartphone sales are set to grow to 1.24 billion units this year, Apple’s ( AAPL ) performance has barely improved, according to a new study. - William Gavin Read More 9 / 9
Diamcor Mining (CVE:DMI) Shares Down 16.7% – Should You Sell?It is an ambitious social experiment of our moment in history — one that experts say could accomplish something that parents, schools and other governments have attempted with varying degrees of success: keeping kids off social media until they turn 16 . Australia's new law, approved by its Parliament last week, is an attempt to swim against many tides of modern life — formidable forces like technology, marketing, globalization and, of course, the iron will of a teenager. And like efforts of the past to protect kids from things that parents believe they're not ready for, the nation's move is both ambitious and not exactly simple, particularly in a world where young people are often shaped, defined and judged by the online company they keep. The ban won't go into effect for another year. But how will Australia be able to enforce it? That's not clear, nor will it be easy. TikTok, Snapchat and Instagram have become so ingrained in young people's lives that going cold turkey will be difficult. Other questions loom. Does the ban limit kids' free expression and — especially for those in vulnerable groups — isolate them and curtail their opportunity to connect with members of their community? And how will social sites verify people's ages, anyway? Can't kids just get around such technicalities, as they so often do? This is, after all, the 21st century — an era when social media is the primary communications tool for most of those born in the past 25 years who, in a fragmented world, seek the common cultures of trends, music and memes. What happens when big swaths of that fall away? Is Australia's initiative a good, long-time-coming development that will protect the vulnerable, or could it become a well-meaning experiment with unintended consequences? The law will make platforms including TikTok, Facebook, Snapchat, Reddit, X and Instagram liable for fines of up to 50 million Australian dollars ($33 million) for systemic failures to prevent children younger than 16 from holding accounts. “It’s clear that social media companies have to be held accountable, which is what Australia is trying to do,” said Jim Steyer, president and CEO of the nonprofit Common Sense Media. Leaders and parents in countries around the world are watching Australia’s policy closely as many seek to protect young kids from the internet's dangerous corners — and, not incidentally, from each other. Most nations have taken different routes, from parental consent requirements to minimum age limits. Many child safety experts, parents and even teens who have waited to get on social media consider Australia's move a positive step. They say there’s ample reason to ensure that children wait. “What’s most important for kids, just like adults, is real human connection. Less time alone on the screen means more time to connect, not less," said Julie Scelfo, the founder of Mothers Against Media Addiction, or MAMA, a grassroots group of parents aimed at combatting the harms of social media to children. “I’m confident we can support our kids in interacting in any number of ways aside from sharing the latest meme.” The harms to children from social media have been well documented in the two decades since Facebook’s launch ushered in a new era in how the world communicates. Kids who spend more time on social media, especially as tweens or young teenagers, are more likely to experience depression and anxiety, according to multiple studies — though it is not yet clear if there is a causal relationship. What's more, many are exposed to content that is not appropriate for their age, including pornography and violence, as well as social pressures about body image and makeup . They also face bullying, sexual harassment and unwanted advances from their peers as well as adult strangers. Because their brains are not fully developed, teenagers, especially younger ones the law is focused on, are also more affected by social comparisons than adults, so even happy posts from friends can send them into a negative spiral. Many major initiatives, particularly those aimed at social engineering, can produce side effects — often unintended. Could that happen here? What, if anything, do kids stand to lose by separating kids and the networks in which they participate? Paul Taske, associate director of litigation at the tech lobbying group NetChoice, says he considers the ban “one of the most extreme violations of free speech on the world stage today" even as he expressed relief that the First Amendment prevents such law in the United States "These restrictions would create a massive cultural shift,” Taske said. Story continues below video “Not only is the Australian government preventing young people from engaging with issues they’re passionate about, but they’re also doing so even if their parents are ok with them using digital services," he said. "Parents know their children and their needs the best, and they should be making these decisions for their families — not big government. That kind of forcible control over families inevitably will have downstream cultural impacts.” David Inserra, a fellow for Free Expression and Technology, Cato Institute, called the bill “about as useful as an ashtray on a motorbike” in a recent blog post . While Australia's law doesn't require “hard verification” such as an uploaded ID, he said, it calls for effective “age assurance.” He said no verification system can ensure accuracy while also protecting privacy and not impacting adults in the process. Privacy advocates have also raised concerns about the law's effect on online anonymity, a cornerstone of online communications — and something that can protect teens on social platforms. “Whether it be religious minorities and dissidents, LGBTQ youth, those in abusive situations, whistleblowers, or countless other speakers in tricky situations, anonymous speech is a critical tool to safely challenge authority and express controversial opinions,” Inserra said. A spot check of kids at one mall in the Australian city of Brisbane on Wednesday didn't turn up a great deal of worry, though. “Social media is still important because you get to talk to people, but I think it’s still good that they’re like limiting it,” said Swan Son, a 13-year-old student at Brisbane State High School. She said she has had limited exposure to social media and wouldn’t really miss it for a couple of years. Her parents already enforce a daily one-hour limit. And as for her friends? “I see them at school every day, so I think I’ll be fine.” Conor Negric, 16, said he felt he’d dodged a bullet because of his age. Still, he considers the law reasonable. “I think 16 is fine. Some kids, I know some kids like 10 who’re on Instagram, Snapchat. I only got Instagram when I was 14." His mom, Sive Negric, who has two teenage sons, said she was happy for her boys to avoid exposure to social media too early: “That aspect of the internet, it’s a bit `meanland.'" Parents in Britain and across Europe earlier this year organized on platforms such as WhatsApp and Telegram to promise not to buy smartphones for children younger than 12 or 13. This approach costs almost no money and requires no government enforcement. In the United States, some parents are keeping kids off social media either informally or as part of an organized campaign such as Wait Until 8th, a group that helps parents delay kids' access to social media and phones. This fall, Norway announced plans to ban kids under 15 from using social media, while France is testing a smartphone ban for kids under 15 in a limited number of schools — a policy that could be rolled out nationwide if successful. U.S. lawmakers have held multiple congressional hearings — most recently in January — on child online safety. Still, the last federal law aimed at protecting children online was enacted in 1998, six years before Facebook’s founding. In July, the U.S. Senate overwhelmingly passed legislation designed to protect children from dangerous online content , pushing forward with what would be the first major effort by Congress in decades to hold tech companies more accountable. But the Kids Online Safety Act has since stalled in the House. While several states have passed laws requiring age verification, those are stuck in court. Utah became the first state to pass laws regulating children’s social media use in 2023. In September, a judge issued the preliminary injunction against the law, which would have required social media companies to verify the ages of users, apply privacy settings and limit some features. NetChoice has also obtained injunctions temporarily halting similar laws in several other states. And last May, U.S. Surgeon General Vivek Murthy said there is insufficient evidence to show social media is safe for kids. He urged policymakers to treat social media like car seats, baby formula, medication and other products children use. “Why should social media products be any different? Scelfo said. “Parents cannot possibly bear the entire responsibility of keeping children safe online, because the problems are baked into the design of the products.” Associated Press Writers John Pye in Brisbane, Australia and Laurie Kellman in London contributed to this story.NEW YORK (AP) — U.S. stock indexes rose to more records Wednesday after tech companies talked up how much of a boost they’re getting from the artificial-intelligence boom. The S&P 500 climbed 0.6% to add to what’s set to be one of its best years of the millennium. It’s the 56th time the index has hit an all-time high this year after climbing in 11 of the last 12 days . The Dow Jones Industrial Average rose 308 points, or 0.7%, while the Nasdaq composite added 1.3% to its own record. Salesforce helped pull the market higher after delivering stronger revenue for the latest quarter than analysts expected, though its profit fell just short. CEO Mark Benioff highlighted the company’s artificial-intelligence offering for customers, saying “the rise of autonomous AI agents is revolutionizing global labor, reshaping how industries operate and scale.” The stock price of the company, which helps businesses manage their customers, jumped 11%. Marvell Technology leaped even more after delivering better results than expected, up 23.2%. CEO Matt Murphy said the semiconductor supplier is seeing strong demand from AI and gave a forecast for profit in the upcoming quarter that topped analysts’ expectations. All the optimistic talk helped Nvidia , the company whose chips are powering much of the move into AI, rally 3.5%. It was the strongest force pushing upward on the S&P 500 by far. They helped offset an 8.9% drop for Foot Locker, which reported profit and revenue that fell short of analysts’ expectations. CEO Mary Dillon said the company is taking a more cautious view, and it cut its forecasts for sales and profit this year. Dillon pointed to how keen customers are for discounts and how soft demand has been outside of Thanksgiving week and other key selling periods. Retailers overall have offered mixed signals about how resilient U.S. shoppers can remain. Their spending has been one of the main reasons the U.S. economy has avoided a recession that earlier seemed inevitable after the Federal Reserve hiked interest rates to crush inflation. But shoppers are now contending with still-high prices and a slowing job market . This week’s highlight for Wall Street will be Friday’s jobs report from the U.S. government, which will show how many people employers hired and fired last month. A narrower report released Wednesday morning suggested employers in the private sector increased their payrolls by less last month than economists expected. Hiring in manufacturing was the weakest since the spring, according to Nela Richardson, chief economist at ADP. The report strengthened traders’ expectations that the Fed will cut its main interest rate again when it meets in two weeks. The Fed began easing its main interest rate from a two-decade high in September, hoping to offer more support for the job market. The central bank had appeared set to continue cutting rates into next year, but the election of Donald Trump has scrambled Wall Street’s expectations somewhat. Trump’s preference for higher tariffs and other policies could lead to higher inflation , which could alter the Fed’s plans . Fed Chair Jerome Powell said Wednesday that the central bank can afford to cut rates cautiously because inflation has slowed from its peak two years ago and the economy remains sturdy. A separate report on Wednesday said health care, finance and other businesses in the U.S. services sector are continuing to grow, but not by as much as before and not by as much as economists expected. One respondent from the construction industry told the survey from the Institute for Supply Management that the Fed’s rate cuts haven't pulled down mortgage rates as much as hoped. Plus, “the unknown effect of tariffs clouds the future.” In the bond market, the yield on the 10-year Treasury fell to 4.18% from 4.23% late Tuesday. On Wall Street, Campbell’s sank 6.2% for one of the S&P 500’s sharper losses despite increasing its dividend and reporting a stronger profit than analysts expected. Its revenue fell short of Wall Street’s expectations, and the National Football League’s Washington Commanders hired Campbell’s CEO Mark Clouse as its team president. Gains for airline stocks helped offset that drop after JetBlue Airways said it saw stronger bookings for travel in November and December following the presidential election. It also said it’s benefiting from lower fuel prices, as well as lower costs due to improved on-time performance. JetBlue jumped 8.3%, while Southwest Airlines climbed 3.5%. All told, the S&P 500 rose 36.61 points to 6,086.49. The Dow climbed 308.51 to 45,014.04, and the Nasdaq composite rallied 254.21 to 19,735.12. In stock markets abroad, South Korea’s Kospi sank 1.4% following a night full of drama in Seoul. President Yoon Suk Yeol was facing possible impeachment after he suddenly declared martial law on Tuesday night, prompting troops to surround the parliament. He revoked the martial law declaration six hours later. In the crypto market , bitcoin climbed near $99,000 after Trump said he would nominate Paul Atkins , a cryptocurrency advocate, to chair the Securities and Exchange Commission. AP Writers Matt Ott and Zimo Zhong contributed.
There are three games on the college basketball schedule on Sunday that feature a ranked team. That includes the Pittsburgh Panthers versus the Wisconsin Badgers. Watch men’s college basketball, other live sports and more on Fubo. What is Fubo? Fubo is a streaming service that gives you access to your favorite live sports and shows on demand. Use our link to sign up for a free trial. No. 22 St. John’s Red Storm at Georgia Bulldogs No. 24 Rutgers Scarlet Knights at Kennesaw State Owls Pittsburgh Panthers at No. 19 Wisconsin Badgers Catch tons of live college basketball , plus original programming, with ESPN+ or the Disney Bundle.
SGR-1505 is under clinical development by and currently in Phase I for Burkitt Lymphoma. According to GlobalData, Phase I drugs for Burkitt Lymphoma have a 68% phase transition success rate (PTSR) indication benchmark for progressing into Phase II. GlobalData tracks drug-specific phase transition and likelihood of approval scores, in addition to indication benchmarks based off 18 years of historical drug development data. Attributes of the drug, company and its clinical trials play a fundamental role in drug-specific PTSR and likelihood of approval. SGR-1505 overview SGR-1505 is under development for the treatment of BTK-resistant, refractory or relapsed B-cell non-Hodgkin lymphoma, diffuse large B-cell lymphoma, chronic lymphocytic leukemia, mantle cell lymphoma (MCL), Waldenstrom macroglobulinemia, MALT lymphoma, follicular lymphoma, Burkitt lymphoma, plasmablastic lymphoma, high-grade B-cell lymphoma, primary cutaneous follicle center lymphoma, primary effusion lymphoma, primary mediastinal large B cell lymphoma, T-cell/histiocyte rich lymphoma, ALK-positive large B-cell lymphoma, primary cutaneous diffuse large B-cell lymphoma splenic marginal zone lymphoma, nodal marginal zone lymphoma, HHV8-positive DLBCL and duodenal-type follicular lymphoma. It is administered through oral route in the form of tablet. The drug candidate acts by oncogenic activation of nuclear factor-kappa B which acts by targeting MALT1 activity. It is developed based on the artificial intelligence (AI) technology. Schrodinger overview is a healthcare technology company that provides software solutions for drug discovery. The company offers a computational platform designed with predictive modeling, data analytics and collaboration applicable to molecular discovery. Its pipeline products include SGR-1505 (MALT1) against non-Hodgkin’s lymphoma, SGR-2921 (CDC7) to treat hematological cancers and solid tumors and SGR-3515 (Wee1) for gynecological cancers, and LRRK2 for Neurology and SOS1 for cancers and others. ‘s other products include small molecule products, biological drug discovery and material science products. It provides training, documentation and support services. The company operates through offices in the US, Germany, Japan, Ireland, the UK, India, China and South Korea. is headquartered in New York City, New York, the US. For a complete picture of SGR-1505’s drug-specific PTSR and LoA scores, This content was updated on 12 April 2024 From Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors. , the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article. GlobalData’s Likelihood of Approval analytics tool dynamically assesses and predicts how likely a drug will move to the next stage in clinical development (PTSR), as well as how likely the drug will be approved (LoA). This is based on a combination of machine learning and a proprietary algorithm to process data points from various databases found on GlobalData’s .
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