
Children with Spina Bifida can live a long and happy life if diagnosed and access treatment in time, health experts have said. Spina bifida (with exact cause unknown) is a congenital defect by which a baby is born with a ‘swelling’ or ‘wound’ on the back, leading to improper development of the spinal cord. The health condition affects approximately between one and three out of 1,000 newborns globally, according to experts, adding that it is a life-long situation but persons born with it are capable of living long and healthy if properly managed. Deputy Director, Nursing Services, Lagos University Teaching Hospital (LUTH), Idi-Araba, Ojei Sarat Onyebuka, explained this condition at a one-day media workshop organised by the Festus Fajemilo Foundation (FFF) in Lagos recently. FFF, which was founded in 2006, is a pioneer NGO in Nigeria advocating the well-being of people with spina bifida and hydrocephalus. According to Onyebuka, surgery is usually required on babies born with spina bifida, which is to remove the bulge from the back or threaten the wound if the bulge is already burst before delivery. She noted that the condition is generally problematic, especially when considering the severe type, as the persons living with it may be unable to walk for life on their own or control their urine or faeces. “Some may even suffer erectile dysfunction to the extent that they may not be able to procreate naturally on their own,” she added. “And that is why children with spinal bifida need multi-care services from diverse health experts and social workers, and the earlier the better for a good result. “They will need to use a catheter (a tube) and change it frequently, so likewise do bowel washouts so as not to mess up their body with urine or faeces. Onyebuka declared that it’s far better to prevent the condition as caring for children with bifida is quite demanding, requiring both parents to join hands for these roles while society, on its part, accepts and gives support to children with the condition. She noted that because of the challenges, some parents may hide their children at home or throw them away, especially because of stigma or when they find it difficult to cope, rather than enrol them in school for learning. But upon the whole, she pointed out, spina bifida is not a death sentence, as children with the condition have the potential to study and learn skills and become responsible citizens, urging the government to take the condition with more seriousness. In her own presentation, a social worker and FFF volunteer, Lara Fernandez, highlighted the importance of growing up youths who are yet to marry to take good care of their health and avoid premarital relationships. According to her, it is better to avoid the risk of giving birth to children with deformities, as such health conditions usually come with multiple challenges. “So, I will advise ladies who are yet to marry and those who have married to be taking folic acid daily to boost their immune system and lower the risk of having babies with deformity,” she stated. Highlighting the impact of FFF in advocacy and care for persons affected by spina bifida and hydrocephalus over 18 years of establishment, the co-founder of the group, Mr Afolabi Fajemilo, said the foundation has built a community of families, providing support in the areas of surgeries, post-surgery rehabilitation, education, psychosocial, and vocational training, among others. He noted that the foundation has handled no fewer than 240 children and youths directly, while some parents don’t bother to return with their children after their first visit. He stated that the lack of dedicated continence care and management clinics for this type of health condition within Nigeria’s health system inspired the formation of the foundation, even as he emphasised the need for improved resources and support for individuals with spina bifida in the country. Fajemilo explained that the foundation is in collaboration with the Spina Bifida Hydrocephalus Information Networking Equality (Shine) UK to be able to give support alongside eight public health facilities in the country, including the University College Hospital, Ibadan: LUTH, Idi-Araba, and so forth. He mentioned that through the project, the foundation has trained 89 healthcare providers across five out of the six geopolitical zones of the country while partnering with eight public hospitals where individuals with spina bifida receive treatment, medications, and do regular check-ups as the condition requires lifelong management. “So, we already have 240 cases out of 250 we projected to meet by 2025 for the free healthcare services, and we’re likely to surpass the target because of the improved public awareness and enlightenment that people with spina bifida are normal human beings and not spirits,” he stressed. One of the beneficiaries of the foundation’s care, Gbemisola Awodipe, a 20-year-old student of Yaba College of Technology (YABATECH), told Tribune Online that she has gone over the stigma often associated with persons living with disabilities, as she is now making more friends than before. She also noted that through the care from the foundation, she can now take proper care of herself, knowing when to go to the toilet and doing so by herself. Gbemisola says she wants to become a professional photographer and believes she will achieve her dream. READ MORE FROM: NIGERIAN TRIBUNESyria’s embassy in Lebanon suspended consular services Saturday, a day after two relatives of were arrested at the Beirut airport with allegedly forged passports. Also on Saturday, Lebanese authorities handed over dozens of Syrians — including former officers in the Syrian army under Assad — to the new Syrian authorities after they were caught illegally entering Lebanon, a war monitor and Lebanese officials said. The embassy announced on its Facebook page that consular work was suspended “until further notice” at the order of the Syrian foreign ministry. The announcement did not give a reason for the suspension. Two Lebanese security officials, who spoke on condition of anonymity because they were not authorized to speak publicly, said the suspension was ordered because the at the embassy. Assad’s uncle, Rifaat Assad — who has been indicted in Switzerland on charges of war crimes and crimes against humanity — had flown out the day before on his real passport and was not stopped, the officials said. The U.K.-based Syrian Observatory for Human Rights reported Saturday that 70 Syrians, including former army officers, were handed over by a Lebanese security delegation to the security forces of the new Syrian government, led by the former insurgent group Hayat Tahrir al-Sham, or HTS. Three Lebanese judicial officials, speaking on condition of anonymity, confirmed the report. Regional countries have been quick to establish ties with Syria’s new rulers. Delegations of Libyan and Bahraini officials arrived in Damascus on Saturday on official visits. HTS leader Ahmad al-Sharaa, formerly known as Abu Mohammed al-Golani, has largely succeeded in calming fears within and outside of Syria that his group would unleash collective punishment against communities that supported Assad’s rule or attempt to impose strict Islamic law on the country’s religious minorities. However, in recent days, sporadic clashes have broken out between the HTS-led security forces and pro-Assad armed groups. The country’s new security forces have launched a series of raids targeting officials affiliated with Assad and have set up checkpoints in areas with significant populations of the Alawite religious minority to which the former president belongs to search for weapons. There have also been ongoing tensions and clashes in northeastern Syria between Kurdish-led forces and armed groups backed by Turkey. Many Kurds have viewed the new order in Damascus, which appears to have strengthened Turkey’s hand in Syria, with anxiety. Ankara sees the Kurdish-led Syrian Democratic Forces — a key U.S. ally in the fight against the Islamic State group — as an affiliate of its sworn enemy, the Kurdistan Workers’ Party, or PKK, which it classifies as a terrorist organization. The U.S. State Department said Saturday that Secretary of State Antony Blinken had spoken with Turkish Foreign Minister Hakan Fidan to “discuss the latest developments in Syria.” “Secretary Blinken emphasized the need to support a Syrian-led and Syrian-owned political process that upholds human rights and prioritizes an inclusive and representative government,” the statement said, adding that they “also discussed the shared goal of preventing terrorism from endangering the security” of Turkey and Syria. On Saturday, hundreds of protesters convened by Kurdish women’s groups participated in a demonstration in the northeastern city of Hasaka to demand women’s rights in the new Syria. Perishan Ramadan, a participant from Hasaka, said the new government “is worse than Bashar” and that its leaders are Islamist extremists who “don’t accept any role for women.” While the country’s new leaders have not attempted to impose Islamic dress or other conventions, it remains to be seen what role women will have in the new order and whether they will hold political or government positions. “Women must be present in the new constitution for Syria,” said Rihan Loqo, spokeswoman for the Kongra Star women’s organization. “... Women’s rights should not be ignored.” ___Google's northwest Omaha data center just recently started operations, though it is not finished, a company spokesman said Monday. It is among Nebraska's three data center project sites that over five years has seen nearly $4.4 billion in capital investment. This year's investment was reported to be $930 million, the company said at a media event. (Cindy Gonzalez/Nebraska Examiner) LINCOLN — Now five years since Google built a physical presence in Nebraska, the tech giant on Monday announced its latest annual spend on infrastructure across the state: $930 million. The 2024 capital investment makes for a total so far of about $4.4 billion in Nebraska data centers to help meet growing demand for Google Cloud, artificial intelligence innovations and services such as the company’s search, maps and workspace programs, said spokesman Dan Harbeke. Just within the past few months, he said, Google’s sprawling data center site in northwest Omaha became operational but is not finished growing. Its newest data center project in Lincoln remains under construction on roughly 580 acres. And the original Google campus in Nebraska, a Papillion project that broke ground on 275 acres in late 2019, has continued to expand in various ways. “We’re effectively continuing to build out those footprints,” said Harbeke, regional head of public policy and external affairs. “We are not announcing any new sites this year but we are announcing continued growth and expansion across all three sites here in Nebraska.” Also during a news event Monday, Google announced a different kind of investment — philanthropic donations to support workforce development. Such contributions are separate and in addition to construction improvements, Harbeke said. Google.org , for instance, granted $250,000 to the University of Nebraska Foundation to support AI research and education across its campuses. Earlier this month, Google’s philanthropic arm also provided Creighton University with a $250,000 grant to support the private university’s efforts to prepare students for expanded uses of artificial intelligence. Company officials on Monday also described a $100,000 donation to the Lincoln Public Schools Foundation’s Spark Summer Camp program, which targets elementary school students interested in Science, Technology, Engineering, Arts and Mathematics. NU President Jeffrey Gold said the university gift underscores the shared commitment to harnessing the power of AI to ensure Nebraska is on the cutting edge of research, teaching and use. “Our hope is that this investment in Nebraska will lead to opportunities for economic growth and innovation,” Gold said. Lincoln Mayor Leirion Gaylor Baird said investment in programs such as Spark underscores the Capital City’s “growing reputation” as a place for innovation and opportunity. “Google is helping to prepare Lincoln’s students and workforce for a rapidly evolving future,” she said. Google officials declined to provide detail on how the $930 million breaks down between data center sites. They also declined to disclose the number of employees per site but in a media statement said more than 120 jobs for Nebraskans have been created since 2019, in a variety of full time and external supplier roles, including computer technicians, engineers, maintenance and food service jobs. Harbeke said Google has started to see worker mobility and advancement within the state and the Omaha metro area, which includes the more established Council Bluffs plant. “We’re five years into our Nebraska footprint ... you’re seeing that movement among Googlers across these sites, which has been really neat to see,” Harbeke said. “One of the folks who is going to be leading our Lincoln campus worked out of our Papillion site.” U.S. Sen. Pete Ricketts, R-Neb., who joined Google officials Monday, said the Google technology investment gives the state a “competitive global advantage.” “These are the jobs of the future and they’re coming here to Nebraska,” he said. Rep. Don Bacon, R-Neb., called Google a driver for secure U.S. infrastructure. “The importance of innovation in national security and AI between the public and private sectors cannot be understated and we’re working on that right here in Nebraska,” he said. Karen Dahut, CEO of Google public sector, said the Google data centers are essential to delivering cutting-edge products to a wide range of organizations that include government and educational institutions as well as the individual consumer. The computer-filled hubs are the engines that power technology and make local and global connections happen 24-7, Google said in a report about data centers . They are where Gmail and YouTube videos live. They are what keep the internet up and running. “We are grateful for the partnership from leaders across Nebraska as we have grown within the state,” Dahut said. “I look forward to exploring more opportunities to bring the power of Google Cloud’s technology to support the important missions of the public sector.” SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX Originally published on nebraskaexaminer.com , part of the BLOX Digital Content Exchange . Get local news delivered to your inbox!
EJ Farmer scores 20 points and Youngstown State downs Toledo 93-87
CHARLOTTE, N.C. , Dec. 2, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) announced the signing of a strategic agreement with Bombardier, a global leader in aviation and manufacturer of world-class business jets, to provide advanced technology for current and future Bombardier aircraft in avionics, propulsion and satellite communications technologies. The collaboration will advance new technology to enable a host of high-value upgrades for the installed Bombardier operator base, as well as lay innovative foundations for future aircraft. Honeywell estimates the value of this partnership to the company at $17 billion over its life. "This is a tremendous opportunity to co-innovate and advance next generation technologies, including Anthem avionics and engines," said Vimal Kapur , Chairman and CEO of Honeywell. "Growing our long-term collaborative relationship with Bombardier is directly connected to Honeywell's focus on compelling megatrends -- automation, the future of aviation, and energy transition." "This new partnership creates unprecedented opportunities for Bombardier," said Eric Martel , President and Chief Executive Officer of Bombardier. "Honeywell's differentiated technology is the key reason we decided to collaboratively build a bright future with them." Honeywell and Bombardier will collaborate on the development of Honeywell avionics to provide unparalleled adaptability to specific mission requirements, enabling exceptional situational awareness and enhanced safety. In addition, the collaboration's propulsion-based workstreams will focus on evolutions of power, reliability and maintainability, led by the next-generation model of Honeywell's HTF7K engine. "Working together, we will generate significant value for Bombardier's operator base by providing the latest technologies to enable safe and efficient flight," said Jim Currier , President and CEO of Honeywell Aerospace Technologies. "We are committed to investing in these key technologies with Bombardier, which will not only drive substantial growth for Honeywell, but lead the industry further into the future of aviation." As part of the partnership, Bombardier and Honeywell will work together to certify and offer JetWave X for the Bombardier Global and Challenger families of aircraft for both new production and aftermarket installations. Bombardier will also have access to Honeywell's full suite of next generation L-Band satellite communications products and antennas that will provide future safety services capabilities. Additionally, all legacy pending litigation between the companies has been resolved. Honeywell Updates 2024 Outlook While the commercial agreement impacts near-term Honeywell financials, the company is confident it will lead to long-term value creation for Honeywell shareowners. Given the required investments associated with this agreement, Honeywell has updated its full-year sales, segment margin 2 , adjusted earnings per share 2,3 , and free cash flow guidance 1 . A summary is provided in the table below. TABLE 1: FULL-YEAR 2024 GUIDANCE Previous Guidance Impact of Agreement Updated Guidance Sales $38.6B - $38.8B ($0.4B) $38.2B - $38.4B Organic 1 Growth 3% - 4% ~(1%) ~2% Segment Margin 2 23.4% - 23.5% (0.8 %) 22.6% - 22.7% Expansion 2 Down 10 - Flat bps (80 bps) Down 90 - 80 bps Adjusted Earnings Per Share 2,3 $10.15 - $10.25 ($0.47) $9.68 - $9.78 Adjusted Earnings Growth 2,3 7% - 8% (5 %) 2% - 3% Operating Cash Flow $6.2B - $6.5B ($0.4B) $5.8B - $6.1B Free Cash Flow 1 $5.1B - $5.4B ($0.5B) $4.6B - $4.9B TABLE 2: FOURTH QUARTER 2024 GUIDANCE Previous Guidance Impact of Agreement Updated Guidance Sales $10.2B - $10.4B ($0.4B) $9.8B - $10.0B Organic 1 Growth 2% - 4% (4 %) (2%) - Flat Segment Margin 2 23.8% - 24.2% (2.9 %) 20.9% - 21.3% Expansion 2 Down 60 - 20 bps (290 bps) Down 350 - 310 bps Adjusted Earnings Per Share 2,3 $2.73 - $2.83 ($0.47) $2.26 - $2.36 Adjusted Earnings Growth 2,3 1% - 5% (17 %) (16%) - (12%) 1 See additional information at the end of this release regarding non-GAAP financial measures. 2 Segment margin and adjusted EPS are non-GAAP financial measures. Management cannot reliably predict or estimate, without unreasonable effort, the impact and timing on future operating results arising from certain items excluded from segment margin or adjusted EPS. We therefore, do not present a guidance range, or a reconciliation to, the nearest GAAP financial measures of operating margin or EPS. 3 Adjusted EPS and adjusted EPS V% guidance excludes items identified in the non-GAAP reconciliation of adjusted EPS at the end of this release, including the impact of amortization expense for acquisition-related intangible assets and other acquisition-related costs, and any potential future items that we cannot reliably predict or estimate such as pension mark-to-market. Bombardier, Global and Challenger are trademarks of Bombardier Inc. or its subsidiaries. Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends - automation, the future of aviation, and energy transition - underpinned by our Honeywell Accelerator operating system and Honeywell Connected Enterprise integrated software platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations that help make the world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom . Honeywell uses our Investor Relations website, www.honeywell.com/investor , as a means of disclosing information which may be of interest or material to our investors and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our Investor Relations website, in addition to following our press releases, SEC filings, public conference calls, webcasts, and social media. We describe many of the trends and other factors that drive our business and future results in this release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes, or anticipates will or may occur in the future and include statements related to the proposed spin-off of the Company's Advanced Materials business into a stand-alone, publicly traded company. They are based on management's assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments, and other relevant factors, many of which are difficult to predict and outside of our control. They are not guarantees of future performance, and actual results, developments, and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties, including ongoing macroeconomic and geopolitical risks, such as lower GDP growth or recession, supply chain disruptions, capital markets volatility, inflation, and certain regional conflicts, that can affect our performance in both the near- and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this release can or will be achieved. These forward-looking statements should be considered in light of the information included in this release, our Form 10-K, and our other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time. This release contains financial measures presented on a non-GAAP basis. Honeywell's non-GAAP financial measures used in this release are as follows: Management believes that, when considered together with reported amounts, these measures are useful to investors and management in understanding our ongoing operations and in the analysis of ongoing operating trends. These measures should be considered in addition to, and not as replacements for, the most comparable GAAP measure. Certain measures presented on a non-GAAP basis represent the impact of adjusting items net of tax. The tax-effect for adjusting items is determined individually and on a case-by-case basis. Refer to the Appendix attached to this release for reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures. Appendix Non-GAAP Financial Measures The following information provides definitions and reconciliations of certain non-GAAP financial measures presented in this press release to which this reconciliation is attached to the most directly comparable financial measures calculated and presented in accordance with generally accepted accounting principles (GAAP). Management believes that, when considered together with reported amounts, these measures are useful to investors and management in understanding our ongoing operations and in the analysis of ongoing operating trends. Management believes the change to adjust for amortization of acquisition-related intangibles and certain acquisition- and divestiture-related costs provides investors with a more meaningful measure of its performance period to period, aligns the measure to how management will evaluate performance internally, and makes it easier for investors to compare our performance to peers. These measures should be considered in addition to, and not as replacements for, the most comparable GAAP measure. Certain measures presented on a non-GAAP basis represent the impact of adjusting items net of tax. The tax-effect for adjusting items is determined individually and on a case-by-case basis. Other companies may calculate these non-GAAP measures differently, limiting the usefulness of these measures for comparative purposes. Management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitations of these non-GAAP financial measures are that they exclude significant expenses and income that are required by GAAP to be recognized in the consolidated financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management about which expenses and income are excluded or included in determining these non-GAAP financial measures. Investors are urged to review the reconciliation of the non-GAAP financial measures to the comparable GAAP financial measures and not to rely on any single financial measure to evaluate Honeywell's business. Honeywell International Inc. Definition of Organic Sales Percent Change We define organic sales percentage as the year-over-year change in reported sales relative to the comparable period, excluding the impact on sales from foreign currency translation and acquisitions, net of divestitures, for the first 12 months following the transaction date. We believe this measure is useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends. A quantitative reconciliation of reported sales percent change to organic sales percent change has not been provided for forward-looking measures of organic sales percent change because management cannot reliably predict or estimate, without unreasonable effort, the fluctuations in global currency markets that impact foreign currency translation, nor is it reasonable for management to predict the timing, occurrence and impact of acquisition and divestiture transactions, all of which could significantly impact our reported sales percent change. Honeywell International Inc. Reconciliation of Operating Income to Segment Profit, Calculation of Operating Income and Segment Profit Margins (Unaudited) (Dollars in millions) Three Months Ended December 31, Twelve Months Ended December 31, 2023 2023 Operating income $ 1,583 $ 7,084 Stock compensation expense 1 54 202 Repositioning, Other 2,3 569 952 Pension and other postretirement service costs 3 17 66 Amortization of acquisition-related intangibles 76 292 Acquisition-related costs 4 1 2 Segment profit $ 2,300 $ 8,598 Operating income $ 1,583 $ 7,084 ÷ Net sales $ 9,440 $ 36,662 Operating income margin % 16.8 % 19.3 % Segment profit $ 2,300 $ 8,598 ÷ Net sales $ 9,440 $ 36,662 Segment profit margin % 24.4 % 23.5 % 1 Included in Selling, general and administrative expenses. 2 Includes repositioning, asbestos, environmental expenses, equity income adjustment, and other charges. 3 Included in Cost of products and services sold and Selling, general and administrative expenses. 4 Includes acquisition-related fair value adjustments to inventory. We define operating income as net sales less total cost of products and services sold, research and development expenses, impairment of assets held for sale, and selling, general and administrative expenses. We define segment profit, on an overall Honeywell basis, as operating income, excluding stock compensation expense, pension and other postretirement service costs, amortization of acquisition-related intangibles, certain acquisition- and divestiture-related costs and impairments, and repositioning and other charges. We define segment profit margin, on an overall Honeywell basis, as segment profit divided by net sales. We believe these measures are useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends. A quantitative reconciliation of operating income to segment profit, on an overall Honeywell basis, has not been provided for all forward-looking measures of segment profit and segment profit margin included herein. Management cannot reliably predict or estimate, without unreasonable effort, the impact and timing on future operating results arising from items excluded from segment profit, particularly pension mark-to-market expense as it is dependent on macroeconomic factors, such as interest rates and the return generated on invested pension plan assets. The information that is unavailable to provide a quantitative reconciliation could have a significant impact on our reported financial results. To the extent quantitative information becomes available without unreasonable effort in the future, and closer to the period to which the forward-looking measures pertain, a reconciliation of operating income to segment profit will be included within future filings. Acquisition amortization and acquisition- and divestiture-related costs are significantly impacted by the timing, size, and number of acquisitions or divestitures we complete and are not on a predictable cycle, and we make no comment as to when or whether any future acquisitions or divestitures may occur. We believe excluding these costs provides investors with a more meaningful comparison of operating performance over time and with both acquisitive and other peer companies. Honeywell International Inc. Reconciliation of Earnings per Share to Adjusted Earnings per Share (Unaudited) Three Months Ended December 31, Twelve Months Ended December 31, 2023 2024(E) 2023 2024(E) Earnings per share of common stock - diluted 1 $ 1.91 $2.03 - $2.13 $ 8.47 $8.76 - $8.86 Pension mark-to-market expense 2 0.19 No Forecast 0.19 No Forecast Amortization of acquisition-related intangibles 3 0.09 0.17 0.35 0.50 Acquisition-related costs 4 — 0.02 0.01 0.10 Divestiture-related costs 5 — 0.04 — 0.04 Russian-related charges 6 — — — 0.03 Net expense related to the NARCO Buyout and HWI Sale 7 — — 0.01 — Adjustment to estimated future Bendix liability 8 0.49 — 0.49 — Indefinite-lived intangible asset impairment 9 — — — 0.06 Impairment of assets held for sale 10 — — — 0.19 Adjusted earnings per share of common stock - diluted $ 2.69 $2.26 - $2.36 $ 9.52 $9.68 - $9.78 1 For the three months ended December 31, 2023, adjusted earnings per share utilizes weighted average shares of approximately 660.9 million. For the twelve months ended December 31, 2023, adjusted earnings per share utilizes weighted average shares of approximately 668.2 million. For the three and twelve months ended December 31, 2024, expected earnings per share utilizes weighted average shares of approximately 653 million and 655 million, respectively. 2 Pension mark-to-market expense uses a blended tax rate of 18%, net of tax benefit of $27 million, for 2023. 3 For the three and twelve months ended December 31, 2023, acquisition-related intangibles amortization includes $62 million and $231 million, net of tax benefit of approximately $14 million and $61 million, respectively. For the three and twelve months ended December 31, 2024, expected acquisition-related intangibles amortization includes approximately $110 million and $330 million, net of tax benefit of approximately $30 million and $85 million, respectively. 4 For the three and twelve months ended December 31, 2023, the adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs and acquisition-related fair value adjustments to inventory, is approximately $2 million and $7 million, net of tax benefit of approximately $0 million and $2 million, respectively. For the three and twelve months ended December 31, 2024, the expected adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs and acquisition-related fair value adjustments to inventory, is approximately $20 million and $65 million, net of tax benefit of approximately $5 million and $15 million, respectively. 5 For the three and twelve months ended December 31, 2024, the expected adjustment for divestiture-related costs, which is principally comprised of third-party transaction costs, is approximately $25 million, net of tax benefit of approximately $5 million. 6 For the three and twelve months ended December 31, 2023, the adjustments were a benefit of $2 million and $3 million, without tax expense, respectively. For the twelve months ended December 31, 2024, the expected adjustment is a $17 million expense, without tax benefit, due to the settlement of a contractual dispute with a Russian entity associated with the Company's suspension and wind down activities in Russia. 7 For the the twelve months ended December 31, 2023, the adjustment was $8 million, net of tax benefit of $3 million, due to the net expense related to the NARCO Buyout and HWI Sale. 8 Bendix Friction Materials ("Bendix") is a business no longer owned by the Company. In 2023, the Company changed its valuation methodology for calculating legacy Bendix liabilities. For the three and twelve months ended December 31, 2023, the adjustment was $330 million, net of tax benefit of $104 million, (or $434 million pre-tax) due to a change in the estimated liability for resolution of asserted (claims filed as of the financial statement date) and unasserted Bendix-related asbestos claims. The Company experienced fluctuations in average resolution values year-over-year in each of the past five years with no well-established trends in either direction. In 2023, the Company observed two consecutive years of increasing average resolution values (2023 and 2022), with more volatility in the earlier years of the five-year period (2019 through 2021). Based on these observations, the Company, during its annual review in the fourth quarter of 2023, reevaluated its valuation methodology and elected to give more weight to the two most recent years by shortening the look-back period from five years to two years (2023 and 2022). The Company believes that the average resolution values in the last two consecutive years are likely more representative of expected resolution values in future periods. The $434 million pre-tax amount was attributable primarily to shortening the look-back period to the two most recent years, and to a lesser extent to increasing expected resolution values for a subset of asserted claims to adjust for higher claim values in that subset than in the modelled two-year data set. It is not possible to predict whether such resolution values will increase, decrease, or stabilize in the future, given recent litigation trends within the tort system and the inherent uncertainty in predicting the outcome of such trends. The Company will continue to monitor Bendix claim resolution values and other trends within the tort system to assess the appropriate look-back period for determining average resolution values going forward. 9 For the twelve months ended December 31, 2024, the expected impairment charge of indefinite-lived intangible assets associated with the personal protective equipment business is $37 million, net of tax benefit of $11 million. 10 For the twelve months ended December 31, 2024, the expected impairment charge of assets held for sale is $125 million, with no tax benefit. Note: Amounts may not foot due to rounding. We define adjusted earnings per share as diluted earnings per share adjusted to exclude various charges as listed above. We believe adjusted earnings per share is a measure that is useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends. For forward-looking information, management cannot reliably predict or estimate, without unreasonable effort, the pension mark-to-market expense as it is dependent on macroeconomic factors, such as interest rates and the return generated on invested pension plan assets. We therefore do not include an estimate for the pension mark-to-market expense. Based on economic and industry conditions, future developments, and other relevant factors, these assumptions are subject to change. Acquisition amortization and acquisition- and divestiture-related costs are significantly impacted by the timing, size, and number of acquisitions or divestitures we complete and are not on a predictable cycle and we make no comment as to when or whether any future acquisitions or divestitures may occur. We believe excluding these costs provides investors with a more meaningful comparison of operating performance over time and with both acquisitive and other peer companies. Honeywell International Inc. Reconciliation of Expected Cash Provided by Operating Activities to Expected Free Cash Flow (Unaudited) Twelve Months Ended December 31, 2024(E) ($B) Cash provided by operating activities ~$5.8 - $6.1 Capital expenditures ~(1.2) Free cash flow ~$4.6 - $4.9 We define free cash flow as cash provided by operating activities less cash for capital expenditures. We believe that free cash flow is a non-GAAP measure that is useful to investors and management as a measure of cash generated by operations that will be used to repay scheduled debt maturities and can be used to invest in future growth through new business development activities or acquisitions, pay dividends, repurchase stock, or repay debt obligations prior to their maturities. This measure can also be used to evaluate our ability to generate cash flow from operations and the impact that this cash flow has on our liquidity. Contacts: Media Investor Relations Stacey Jones Sean Meakim (980) 378-6258 (704) 627-6200 stacey.jones@honeywell.com sean.meakim@honeywell.com View original content to download multimedia: https://www.prnewswire.com/news-releases/honeywell-and-bombardier-sign-landmark-agreement-to-deliver-the-next-generation-of-aviation-technology-honeywell-updates-2024-outlook-302320054.html SOURCE HoneywellDAYTONA BEACH, Fla. (AP) — Aniwaniwa Tait-Jones' 21 points helped UC San Diego defeat James Madison 73-67 on Friday night. Tait-Jones also contributed six rebounds for the Tritons (4-2). Hayden Gray scored 16 points and added four steals. Nordin Kapic went 5 of 8 from the field (1 for 4 from 3-point range) to finish with 12 points. Bryce Lindsay led the way for the Dukes (3-3) with 17 points. James Madison also got 13 points and four assists from Xavier Brown. UCSD went into halftime ahead of James Madison 34-28. Tait-Jones scored 14 points in the half. UCSD took the lead for good with 5:46 left in the second half on a free throw from Tait-Jones to make it a 58-57 game. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .Anti-Predictions For Healthcare In 2025: What Won’t Change, And A Case For Optimism
CDC chief urges focus on health threats as agency confronts political changes NEW YORK (AP) — The outgoing head of the nation’s top public health agency urged the next administration to maintain its focus and funding to keep Americans safe from emerging health threats. Mike Stobbe, The Associated Press Nov 25, 2024 3:04 PM Nov 25, 2024 3:05 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message NEW YORK (AP) — The outgoing head of the nation’s top public health agency urged the next administration to maintain its focus and funding to keep Americans safe from emerging health threats. “We need to continue to do our global work at CDC to make sure we are stopping outbreaks at their source,” Dr. Mandy Cohen, director of the Centers for Disease Control and Prevention, said in an interview Monday with The Associated Press. “We need to keep that funding up. We need to keep the expertise up. We need to keep the diplomacy up.” Cohen, 46, will be leaving office in January after about 18 months in the job. President-elect Donald Trump on Friday night said he picked Dave Weldon , a former Congressman from Florida, to be the agency’s next chief. Cohen said she hasn’t met Weldon and doesn’t know him. She previously voiced concern about Robert F. Kennedy Jr., the anti-vaccine advocate and CDC critic nominated to oversee all federal public health agencies . The CDC, with a $9.2 billion core budget, is charged with protecting Americans from disease outbreaks and other public health threats. The staff is heavy with scientists — 60% have master’s degrees or doctorates. The last eight years have been perhaps the most difficult in the agency's history. The CDC once enjoyed a sterling international reputation for its expertise on infectious diseases and other causes of illness and death. But trust in the agency fell because of missteps during the early days of the COVID-19 pandemic, political attacks and resistance to infection-prevention measures like wearing masks and getting vaccinated. The CDC has four political appointees, out of about 13,000 employees. The rest serve no matter who is in the White House, with civil service protections against efforts to fire them for political reasons. Trump said during the campaign that he wants to convert many federal agency positions into political appointments, meaning those employees could be hired and fired by whoever wins the election. There’s also a proposal to split the agency in two: one to track disease data, and another focused on public health but with a limited ability to make policy recommendations. And then there’s a current budget proposal in Congress that would cut the agency’s funding by 22%. It would also eliminate the CDC’s National Center for Injury Prevention and Control, which works on topics like drownings, drug overdoses, suicides and and shooting deaths. Cohen said there’s reason to be proud of the agency’s work in recent years. The CDC has built partnerships to improve the availability of testing for different infections and to watch for signs of disease outbreaks by monitoring wastewater . There are emerging threats, as always, but no new, full-fledged public health emergencies, she said. The day after the Nov. 5 election, Cohen emailed CDC employees to urge them to keep going. “While the world may feel different with changes ahead — our mission has not changed,” she wrote. She said she’s not aware of any wave of worried CDC scientists heading for the doors because of the election results. “There is a difference between campaigning and governing,” she said. “I want to go into this in a way that we’re passing the baton.” Cohen said she doesn’t know what she’ll do next, other than spend time with her family in Raleigh, North Carolina, where her family maintained its residence while she ran the agency. Next year, for the first time, the CDC director will be subject to Senate confirmation, which could make for a gap before Trump's pick takes the helm. CDC Deputy Director Dr. Debra Houry has been assigned to help manage the transition. Aside from administration transition, the CDC has to face several looming threats. Officials this month confirmed the first U.S. case of a new form of mpox that was first seen in eastern Congo. There’s also the ongoing stream of bird flu cases , most of them mild illnesses seen in farmworkers who were in direct contact with infected cows or chickens. CDC officials say they believe the risk to the public remains low and that there’s no evidence it’s been spreading between people. “I don’t think we’re yet at a turning place. But does that mean it couldn’t change tomorrow? It could,” she said. ___ The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Science and Educational Media Group. The AP is solely responsible for all content. Mike Stobbe, The Associated Press See a typo/mistake? Have a story/tip? 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Incoming US President Donald Trump is reportedly wasting no time in making changes to the nation’s vehicle policies, with electric vehicles (EVs) in the firing line while autonomous cars are set for greater freedoms. News agency Reuters reports Mr Trump’s transition team is recommending the axing of the federal tax credit for EVs, worth up to US$7500 (A$11,625), shortly after his inauguration in January. At present, the incentive is available for EVs built in North America and below certain price points – US$55,000 (A$85,250) for passenger cars, and US$80,000 (A$124,000) for pickups and SUVs – with just 16 models eligible for the full amount. According to Reuters, this is set to be one part of Mr Trump’s plans to cut off support for EVs and charging stations, which threatens to stagnate or reverse the sales growth of battery-powered vehicles in the nation. 100s of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now . The publication reports the transition team plans to redirect money spent on EV chargers – which had been earmarked to receive US$7.5 billion (A$11.8bn) under Joe Biden – to the “national defense supply chain and critical infrastructure”. A transition team document seen by Reuters reportedly says EV batteries, minerals and other related components are “critical to defense production”, however EVs themselves and charging stations aren’t. Mr Trump is also reportedly planning to wind back the US Environmental Protection Agency’s (EPA) emissions and fuel economy standards to 2019 levels, undoing the recent work of the government department. The EPA has a target for EVs to account for between 35 to 56 per cent of sales on the new vehicle market by 2032, however this is not an enforcement or mandate, rather an outline of what carmakers will need to do to meet wider emissions regulations across their fleets. This target was previously as high as 67 per cent before being walked back in April this year, following cooling demand for EVs. In the leadup to the US election, Mr Trump falsely claimed the US government has mandates which will require EV sales to reach 100 per cent, promising to repeal these if he was elected. Reuters reports that if the 2019 emissions regulations are revived, vehicles will on average be allowed to emit about 25 per cent more than under the 2025 regulations, while using up to 15 per cent more fuel. Additional proposals include restricting even more “adversarial nations” from receiving EV battery technology from the US; implementing tariffs as a means of negotiating with foreign markets to export EVs to; and removing requirements for US federal agencies to buy EVs by 2027. Meanwhile, another Reuters report claims Mr Trump’s transition team is looking to repeal a requirement for crashes involving autonomous vehicles to be reported to the National Highway Traffic Safety Administration (NHTSA). The most vocal opponent of the requirement has been EV specialist Tesla, whose CEO Elon Musk reportedly spent more than US$250 million ($392m) towards Mr Trump’s election campaign. Autonomous driving has been a major focus of Tesla, not only via the ‘Autopilot’ and ‘Full Self-Driving’ systems in its current model range, but also with its upcoming driverless Cybercab robotaxi. Under the crash reporting requirement, Tesla has reported more than 1500 incidents to the NHTSA, which has led to the organisation launching multiple investigations against the company. According to Reuters, from when reporting first started to October 15, 2024, Tesla’s vehicles accounted for 40 out of 45 fatal crashes reported to NHTSA involving semi-autonomous vehicles. While the potential repeal of the crash reporting requirement would be of benefit to Tesla as it wouldn’t need to jump through as many regulatory hoops, the axing of pro-EV policies may also help the company. Mr Musk has previously welcomed the prospect of EV tax credits being cut, as it’s more likely to harm Tesla’s potential rivals, which need to trade on their price advantage in an effort to dislodge the EV sales leader. Following the November election, Tesla share prices have increased to record highs. MORE: Donald Trump is against everyone having an EV MORE: US Government walks back electric car sales targets MORE: Tesla shares surge to record high after Donald Trump election win