Merseyrail trains cancelled after Storm Bert flooding
Putin Reflects on Ukraine War, Sovereignty and Nuclear Doctrine in Year-End Press ConferenceFirst and foremost, it is essential to understand the context surrounding Nvidia’s decision to launch an investigation. The tech industry has been under scrutiny in recent years for issues related to diversity, equity, and inclusion. Several high-profile cases of harassment, discrimination, and toxic workplace culture have come to light, leading to increased calls for accountability and transparency within companies. In this climate, Nvidia's decision can be seen as a proactive step towards addressing any potential misconduct within its own ranks.
The character, whose name is yet to be revealed, is described as a mysterious and enigmatic figure with a captivating aura that sets him apart from other characters in the game. His design is sleek and modern, with stylish attire and striking features that make him an instant standout. With a cool and collected demeanor, he exudes a sense of confidence and charisma that is hard to ignore.VP to snub NBI probe anew, cites party with media
L.A. County 5 th District Supervisor Kathryn Barger started serving as chair of the Board of Supervisors for the 2024-25 term on Tuesday, her office announced in a news release. There are some immediate changes that will be implemented in the board’s meeting schedule at Barger’s direction, the release states. As memorialized in a letter sent to her colleagues on Tuesday, effective Jan. 1, board meetings will be held every Tuesday. This will result in the convening of 36 Board of Supervisors meetings in 2025 – an increase of over 50% in meeting frequency. Public comment on policy motions not held for discussion by the Board of Supervisors will now take place at the start of the board meeting instead of at its end. “It’s an honor and privilege to lead the Board of Supervisors as we continue to tackle the critical issues facing our county,” Barger said in the release. “None of us know exactly what this next year will hold. But, here’s what I will say with certainty: The county of Los Angeles remains a strong and stable safety net for our communities. As someone who has dedicated my entire career to county service, I know the importance of our county’s role. Our commitment has always been to serve residents — and that will not change in the year ahead, no matter what is happening elsewhere. Los Angeles County will continue to stand as a beacon of hope, a safe harbor for our residents when they need us most.” Barger stated in the release that she will focus her chair year on uplifting public safety and unity. “Her public safety work will center on helping people experiencing homelessness and foster youth, as well as investing in health and mental health systems,” the release states. Barger’s priorities also include supporting public safety agencies to ensure neighborhoods and businesses are protected, according to the release. The Peace Officers Association of Los Angeles County recently bestowed the President’s Award upon Barger for her achievements and support of the law enforcement mission. While delivering remarks about her upcoming chair term, Barger addressed her fellow supervisors directly, the release states. “To my colleagues, I promise I will serve this board with a steady hand,” Barger stated in the release. “I will seize opportunities for collaboration and continually emphasize that we’re at our best when we see one another’s perspectives. We owe it to our communities to work together. There’s a reason county supervisors don’t have an ‘R’ or a ‘D’ next to their names on the ballot. County government is not about politics. It’s about people.” Barger brings over three decades of leadership and experience exclusively focused on Los Angeles County government, according to the release. To view Barger’s remarks, go to tinyurl.com/yn448thd . For her full speech, go to tinyurl.com/2yybzunc .Moreover, CIBTC offers a range of value-added services to its members, including trade financing, logistics support, and business matchmaking services. These services not only streamline the trading process but also help businesses expand their network and reach new markets.
Salt Lake City, Utah, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Recursion Pharmaceuticals, Inc. (“Recursion”) (NASDAQ: RXRX), a leading clinical stage TechBio company decoding biology to industrialize drug discovery, today announced that on December 19, 2024, the Compensation Committee of Recursion's Board of Directors approved the grant of inducement restricted stock unit (RSU) awards covering 7,952,836 shares of its class A common stock in the aggregate to 230 new employees under Recursion's 2024 Inducement Equity Incentive Plan (the “2024 Plan”). Each award was granted as an inducement material to the employee's commencement of employment with a subsidiary of Recursion in connection with Recursion's acquisition of Exscientia plc and pursuant to Nasdaq Listing Rule 5635(c)(4). Each inducement RSU award will vest as to 1/16th of the shares subject to the award quarterly on each of February 15, May 15, August 15, and November 15, beginning with February 15, 2025 until the inducement RSU award is fully vested, subject to the inducement RSU award recipient’s continued employment through the Company Vesting Dates. Each inducement RSU award is subject to the terms and conditions of the 2024 Plan and the grant agreements covering the awards. About Recursion Pharmaceuticals Recursion Pharmaceuticals, Inc. (NASDAQ: RXRX) is a leading clinical stage TechBio company decoding biology to industrialize drug discovery. Enabling its mission is the Recursion OS, a platform built across diverse technologies that continuously generate one of the world’s largest proprietary biological and chemical datasets. Recursion leverages sophisticated machine-learning algorithms to distill from its dataset a collection of trillions of searchable relationships across biology and chemistry unconstrained by human bias. By commanding massive experimental scale — up to millions of wet lab experiments weekly — and massive computational scale — owning and operating one of the most powerful supercomputers in the world, Recursion is uniting technology, biology and chemistry to advance the future of medicine. Recursion is headquartered in Salt Lake City, where it is a founding member of BioHive, the Utah life sciences industry collective. Recursion also has offices in Toronto, Montréal, New York, London, Oxford area, and the San Francisco Bay area. Learn more at www.Recursion.com , or connect on X (formerly Twitter) and LinkedIn. Media Contact Media@Recursion.com Investor Contact Investor@Recursion.com Ryan Kelly Recursion Pharmaceuticals media@recursion.com
Trump cites Hunter Biden pardon in bid to dismiss NY ‘hush money’ caseTight race for the North Carolina Supreme Court is heading to another recountCustomize Your Racing Experience:The recent announcement of the finalists for the TGA Players' Voice award has sparked controversy among the gaming community. The finalists in question are three popular gacha mobile games, each accompanied by downloadable content (DLC). This unexpected lineup has left many players feeling dissatisfied and questioning the integrity of the selection process.
Marvell Technology, Inc. Reports Third Quarter of Fiscal Year 2025 Financial Results
Awarded industry-first design win from a top-four hyperscaler SANTA CLARA, Calif. , Dec. 3, 2024 /PRNewswire/ -- Today Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, announced financial results for its third quarter fiscal year 2025 ended November 3, 2024. "Pure Storage has achieved another industry first in our journey of data storage innovation with a transformational design win for our DirectFlash technology in a top-four hyperscaler," said Pure Storage Chairman and CEO Charles Giancarlo . "This win is the vanguard for Pure Flash technology to become the standard for all hyperscaler online storage, providing unparalleled performance and scalability while also reducing operating costs and power consumption." Third Quarter Financial Highlights "Our third quarter results exceeded our expectations on revenue and operating income, demonstrating the sustaining strength of our business models," said Kevan Krysler , Pure Storage CFO. "We remain focused on driving both near-term results and long-term value creation through disciplined investments and innovation that position Pure as the leader in transforming the data storage landscape." Third Quarter Company Highlights Industry Recognition and Accolades Fourth Quarter and FY25 Guidance Q4FY25 Revenue $867M Revenue YoY Growth Rate 9.7 % Non-GAAP Operating Income $135M Non-GAAP Operating Margin 15.6 % FY25 Revenue $3.15B Revenue YoY Growth Rate 11.5 % Non-GAAP Operating Income $540M Non-GAAP Operating Margin 17 % These statements are forward-looking and actual results may differ materially. Refer to the Forward Looking Statements section below for information on the factors that could cause our actual results to differ materially from these statements. Pure has not reconciled its guidance for non-GAAP operating income and non-GAAP operating margin to their most directly comparable GAAP measures because certain items that impact these measures are not within Pure's control and/or cannot be reasonably predicted. Accordingly, reconciliations of these non-GAAP financial measures guidance to the corresponding GAAP measures are not available without unreasonable effort. Conference Call Information Pure will host a teleconference to discuss the third quarter fiscal 2025 results at 2:00 pm PT today, December 3, 2024. A live audio broadcast of the conference call will be available on the Pure Storage Investor Relations website . Pure will also post its earnings presentation and prepared remarks to this website concurrent with this release. A replay will be available following the call on the Pure Storage Investor Relations website or for two weeks at 1-800-770-2030 (or 1-647-362-9199 for international callers) with passcode 5667482. Additionally, Pure is scheduled to participate at the following investor conferences: Wells Fargo 8th Annual TMT Summit Date: Wednesday, December 4, 2024 Time: 1:30 p.m. PT / 4:30 p.m. ET Chief Technology Officer Rob Lee 27th Annual Needham Growth Conference Date: Thursday, January 16, 2025 Time: 9:45 a.m. PT / 12:45 p.m. ET Founder & Chief Visionary Officer John "Co z" Colgrove Chief Financial Officer Kevan Krysler The presentations will be webcast live and archived on Pure's Investor Relations website at investor.purestorage.com . ---- About Pure Storage Pure Storage (NYSE: PSTG) delivers the industry's most advanced data storage platform to store, manage, and protect the world's data at any scale. With Pure Storage, organizations have ultimate simplicity and flexibility, saving time, money, and energy. From AI to archive, Pure Storage delivers a cloud experience with one unified Storage as-a-Service platform across on premises, cloud, and hosted environments. Our platform is built on our Evergreen architecture that evolves with your business – always getting newer and better with zero planned downtime, guaranteed. Our customers are actively increasing their capacity and processing power while significantly reducing their carbon and energy footprint. It's easy to fall in love with Pure Storage, as evidenced by the highest Net Promoter Score in the industry. For more information, visit www.purestorage.com . Connect with Pure Blog LinkedIn Twitter Facebook Pure Storage, the Pure P Logo, Portworx, and the marks on the Pure Storage Trademark List are trademarks or registered trademarks of Pure Storage Inc. in the U.S. and/or other countries. The Trademark List can be found at purestorage.com/trademarks . Other names may be trademarks of their respective owners. Forward Looking Statements This press release contains forward-looking statements regarding our products, business and operations, including but not limited to our views relating to our opportunity with hyperscale and AI environments, our ability to meet hyperscalers' performance and price requirements, our ability to meet the needs of hyperscalers for the entire spectrum of their online storage use cases, the timing and magnitude of large orders, including sales to hyperscalers, the timing and amount of revenue from hyperscaler licensing and support services, future period financial and business results, demand for our products and subscription services, including Evergreen//One, the relative sales mix between our subscription and consumption offerings and traditional capital expenditure sales, our technology and product strategy, specifically customer priorities around sustainability, the environmental and energy saving benefits to our customers of using our products, our ability to perform during current macro conditions and expand market share, our sustainability goals and benefits, the impact of inflation, economic or supply chain disruptions, our expectations regarding our product and technology differentiation, new customer acquisition, and other statements regarding our products, business, operations and results. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the caption "Risk Factors" and elsewhere in our filings and reports with the U.S. Securities and Exchange Commission, which are available on our Investor Relations website at investor.purestorage.com and on the SEC website at www.sec.gov . Additional information is also set forth in our Annual Report on Form 10-K for the year ended February 4, 2024. All information provided in this release and in the attachments is as of December 3, 2024, and Pure undertakes no duty to update this information unless required by law. Key Performance Metric Subscription ARR is a key business metric that refers to total annualized contract value of all active subscription agreements on the last day of the quarter, plus on-demand revenue for the quarter multiplied by four. Non-GAAP Financial Measures To supplement our unaudited condensed consolidated financial statements, which are prepared and presented in accordance with GAAP, Pure uses the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, and free cash flow. We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Our management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses such as stock-based compensation expense, payments to former shareholders of acquired companies, payroll tax expense related to stock-based activities, amortization of debt issuance costs related to debt, and amortization of intangible assets acquired from acquisitions that may not be indicative of our ongoing core business operating results. Pure believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when analyzing historical performance and liquidity and planning, forecasting, and analyzing future periods. The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP, and our non-GAAP measures may be different from non-GAAP measures used by other companies. For a reconciliation of these non-GAAP financial measures to GAAP measures, please see the tables captioned "Reconciliations of non-GAAP results of operations to the nearest comparable GAAP measures" and "Reconciliation from net cash provided by operating activities to free cash flow," included at the end of this release. PURE STORAGE, INC. Condensed Consolidated Balance Sheets (in thousands, unaudited) At the End of Third Quarter of Fiscal 2025 Fiscal 2024 Assets Current assets: Cash and cash equivalents $ 894,569 $ 702,536 Marketable securities 753,960 828,557 Accounts receivable, net of allowance of $956 and $1,060 578,224 662,179 Inventory 41,571 42,663 Deferred commissions, current 86,839 88,712 Prepaid expenses and other current assets 204,485 173,407 Total current assets 2,559,648 2,498,054 Property and equipment, net 431,353 352,604 Operating lease right-of-use-assets 157,574 129,942 Deferred commissions, non-current 210,671 215,620 Intangible assets, net 23,039 33,012 Goodwill 361,427 361,427 Restricted cash 11,249 9,595 Other assets, non-current 99,504 55,506 Total assets $ 3,854,465 $ 3,655,760 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 102,021 $ 82,757 Accrued compensation and benefits 155,652 250,257 Accrued expenses and other liabilities 141,846 135,755 Operating lease liabilities, current 47,941 44,668 Deferred revenue, current 897,174 852,247 Debt, current 100,000 — Total current liabilities 1,444,634 1,365,684 Long-term debt — 100,000 Operating lease liabilities, non-current 146,390 123,201 Deferred revenue, non-current 784,282 742,275 Other liabilities, non-current 68,573 54,506 Total liabilities 2,443,879 2,385,666 Stockholders' equity: Common stock and additional paid-in capital 2,821,010 2,749,627 Accumulated other comprehensive income (loss) 1,023 (3,782) Accumulated deficit (1,411,447) (1,475,751) Total stockholders' equity 1,410,586 1,270,094 Total liabilities and stockholders' equity $ 3,854,465 $ 3,655,760 PURE STORAGE, INC. Condensed Consolidated Statements of Operations (in thousands, except per share data, unaudited) Third Quarter of Fiscal First Three Quarters of Fiscal 2025 2024 2025 2024 Revenue: Product $ 454,735 $ 453,277 $ 1,204,714 $ 1,161,978 Subscription services 376,337 309,561 1,083,608 878,838 Total revenue 831,072 762,838 2,288,322 2,040,816 Cost of revenue: Product (1) 154,970 126,770 385,446 343,588 Subscription services (1) 93,180 83,321 284,168 244,541 Total cost of revenue 248,150 210,091 669,614 588,129 Gross profit 582,922 552,747 1,618,708 1,452,687 Operating expenses: Research and development (1) 200,086 182,100 589,396 549,923 Sales and marketing (1) 255,830 231,707 757,069 696,885 General and administrative (1) 67,319 64,729 213,551 192,944 Restructuring and impairment (2) — — 15,901 16,766 Total operating expenses 523,235 478,536 1,575,917 1,456,518 Income (loss) from operations 59,687 74,211 42,791 (3,831) Other income (expense), net 17,156 5,184 50,684 23,619 Income before provision for income taxes 76,843 79,395 93,475 19,788 Income tax provision 13,204 9,006 29,171 23,915 Net income (loss) $ 63,639 $ 70,389 $ 64,304 $ (4,127)
In March, newly installed Social Security chief Martin O’Malley criticized that “shock our shared sense of equity and good conscience as Americans.” He promised to overhaul the Social Security Administration’s to claw back money that — including people who are living in poverty, are elderly, or have disabilities — were allegedly overpaid, as described by a KFF Health News and Cox Media Group investigation last year. “Innocent people can be badly hurt,” O’Malley said at the time. Nearly eight months since he and announced a series of policy changes, and with two months left in his term, O’Malley’s effort to fix the system has made inroads but remains a work in progress. For instance, one change, moving away from withholding 100% of people’s monthly Social Security benefits to recover alleged overpayments, has been a major improvement, say advocates for beneficiaries. “It is a tremendous change,” said Kate Lang of Justice in Aging, who called it “life-changing for many people.” The number of people from whom the Social Security Administration was withholding full monthly benefits to recoup money declined sharply — from about 46,000 in January to about 7,000 in September, the agency said. Asked to clarify whether those numbers and others provided for this article covered all programs administered by the agency, the SSA press office did not respond. Another potentially significant change — relieving beneficiaries of having to prove that an overpayment was not their fault — has not been implemented. The agency said it is working on that. Meanwhile, the agency seems to be looking to Congress to take the lead on a change some observers see as crucial: limiting how far back the government can reach to recover an alleged overpayment. Barbara Hubbell of Watkins Glen, New York, called the absence of a statute of limitations “despicable.” Hubbell said her mother was held liable for $43,000 because of an SSA error going back 19 years. “In what universe is that even legal?” Hubbell said. Paying down the overpayment balance left her mother “essentially penniless,” she added. In response to questions for this article, Social Security spokesperson Mark Hinkle said legislation is “the best and fastest way” to set a time limit. Establishing a statute of limitations was not among the policy changes O’Malley announced in his March congressional testimony. In an interview at the time, he said he expected an announcement on it “within the next couple few months.” It could probably be done by regulation, without an act of Congress, he said. Speaking generally, Hinkle said the agency has “made substantial progress on overpayments,” reducing the hardship they cause, and “continues to work diligently” to update policies. The agency is underfunded, he added, is at a near 50-year low in staffing, and could do better with more employees. The SSA did not respond to requests for an interview with O’Malley. O’Malley announced the policy changes after KFF Health News and Cox Media Group jointly published and broadcast on the damage overpayments and clawbacks have done to millions of beneficiaries. When O’Malley, a former Democratic governor of Maryland, presented his plans to three congressional committees in March, lawmakers greeted him with rare bipartisan praise. But the past several months have shown how hard it can be to turn around a federal bureaucracy that is massive, complex, deeply dysfunctional, and, as it says, understaffed. Now O’Malley’s time may be running out. Lang of Justice in Aging, among the advocacy groups that have been meeting with O’Malley and other Social Security officials, said she appreciates how much the commissioner has achieved in a short time. But she added that O’Malley has “not been interested in hearing about our feelings that things have fallen short.” One long-standing policy O’Malley set out to change involves the burden of proof. When the Social Security Administration alleges someone has been overpaid and demands the money back, the burden is on the beneficiary to prove they were not at fault. Cecilia Malone, 24, a beneficiary in Lithonia, Georgia, said she and her parents spent hundreds of hours trying to get errors corrected. “Why is the burden on us to ‘prove’ we weren’t overpaid?” Malone said. It can be exceedingly difficult for beneficiaries to appeal a decision. The alleged overpayments, which can reach tens of thousands of dollars or more, often span years. And people struggling just to survive may have extra difficulty producing financial records from long ago. What’s more, in letters demanding repayment, the government does not typically spell out its case against the beneficiary — making it hard to mount a defense. Testifying before House and Senate committees in March, O’Malley promised to shift the burden of proof. “That should be on the agency,” he said. The agency expects to finalize “guidance” on the subject “in the coming months,” Hinkle said. The agency points to reduced wait times and other improvements in a phone system known to leave beneficiaries on hold. “In September, we answered calls to our national 800 number in an average of 11 minutes — a tremendous improvement from 42 minutes one year ago,” Hinkle said. Still, in response to a nonrepresentative survey by KFF Health News and Cox Media Group focused on overpayments, about half of respondents who said they contacted the agency by phone since April rated that experience as “poor,” and few rated it “good” or “excellent.” The survey was sent to about 600 people who had contacted KFF Health News to since September 2023. Almost 200 people answered the survey in September and October of this year. Most of those who said they contacted the agency by mail since April rated their experience as “poor.” Jennifer Campbell, 60, a beneficiary in Nelsonville, Ohio, said in late October that she was still waiting for someone at the agency to follow up as described during a phone call in May. “VERY POOR customer service!!!!!” Campbell wrote. “Nearly impossible to get a hold of someone,” wrote Kathryn Duff of Colorado Springs, Colorado, who has been helping a disabled family member. Letters from SSA have left Duff mystified. One was postmarked July 9, 2024, but dated more than two years earlier. Another, dated Aug. 18, 2024, said her family member was overpaid $31,635.80 in benefits from the Supplemental Security Income program, which provides money to people with or other resources who are disabled, blind, or at least 65. But Duff said her relative never received SSI benefits. What’s more, for the dates in question, payments listed in the letter to back up the agency’s math didn’t come close to $31,635.80; they totaled about a quarter of that amount. Regarding the 100% clawbacks, O’Malley in March said it’s “unconscionable that someone would find themselves facing homelessness or unable to pay bills, because Social Security withheld their entire payment for recovery of an overpayment.” He said that, starting March 25, if a beneficiary doesn’t respond to a new overpayment notice, the agency would default to withholding 10%. The agency warned of “a short transition period.” That change wasn’t automated until June 25, Hinkle said. The number of people newly placed in full withholding plummeted from 6,771 in February to 51 in September, according to data the agency provided. SSA said it would notify recipients they could request reduced withholding if it was already clawing back more than 10% of their monthly checks. Nonetheless, dozens of beneficiaries or their family members told KFF Health News and Cox Media Group they hadn’t heard they could request reduced withholding. Among those who did ask, roughly half said their requests were approved. According to the SSA, there has been almost a 20% decline in the number of people facing clawbacks of more than 10% but less than 100% of their monthly checks — from 141,316 as of March 8 to 114,950 as of Oct. 25, agency spokesperson Nicole Tiggemann said. Meanwhile, the number of people from whom the agency was withholding exactly 10% soared more than fortyfold — from just over 5,000 to well over 200,000. And the number of beneficiaries having any partial benefits withheld to recover an overpayment increased from almost 600,000 to almost 785,000, according to data Tiggemann provided. Lorraine Anne Davis, 72, of Houston, said she hasn’t received her monthly Social Security payment since June due to an alleged overpayment. Her Medicare premium was being deducted from her monthly benefit, so she’s been left to pay that out-of-pocket. Davis said she’s going to need a kidney transplant and had been trying to save money for when she’d be unable to work. A letter from the SSA dated April 8, 2024, two weeks after the new 10% withholding policy was slated to take effect, said it had overpaid her $13,538 and demanded she pay it back within 30 days. Apparently, the SSA hadn’t accounted for a pension Davis receives from overseas; Davis said she disclosed it when she filed for benefits. In a letter to her dated June 29, the agency said that, under its new policy, it would change the withholding to only 10% if she asked. Davis said she asked by phone repeatedly, and to no avail. “Nobody seems to know what’s going on” and “no one seems to be able to help you,” Davis said. “You’re just held captive.” In October, the agency said she’d receive a payment — in March 2025. ©2024 KFF Health News. Distributed by Tribune Content Agency, LLC.
"Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum." Section 1.10.32 of "de Finibus Bonorum et Malorum", written by Cicero in 45 BC "Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" To keep reading, please log in to your account, create a free account, or simply fill out the form below.Capital One Financial Corp. stock underperforms Tuesday when compared to competitors
In contrast, Chelsea will be celebrating their successful acquisition of Havertz, as they continue to build a squad capable of challenging for honors on multiple fronts. The Blues' willingness to invest heavily in talent bodes well for their future ambitions, and with Havertz on board, Chelsea fans can look forward to an exciting new era at Stamford Bridge.LOS ANGELES, Dec. 20, 2024 (GLOBE NEWSWIRE) -- LiveOne (Nasdaq: LVO), an award-winning, creator-first, music, entertainment, and technology platform, announced today that the company received a formal written notice from The Nasdaq Stock Market LLC (“Nasdaq”) that LiveOne has regained compliance with Nasdaq's minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) and that this matter is now closed. LiveOne's shares of common stock will continue to trade on Nasdaq under the symbol "LVO". This confirmation follows the Company’s continued efforts to improve its balance sheet by enhancing shareholder value. About LiveOne Headquartered in Los Angeles, CA, LiveOne (Nasdaq: LVO ) is an award-winning, creator-first, music, entertainment, and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events. LiveOne's subsidiaries include Slacker Radio, PodcastOne (Nasdaq: PODC ), PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify and Splitmind. LiveOne is available in Tesla vehicles and on iOS, Android, Roku, Apple TV, Spotify, Samsung, Amazon Fire, Android TV, and through STIRR’s OTT applications. For more information, visit liveone.com and follow us on Facebook , Instagram , TikTok , YouTube and Twitter at @liveone . For more investor information, please visit ir.liveone.com . Forward-Looking Statements All statements other than statements of historical facts contained in this press release are “forward-looking statements,” which may often, but not always, be identified by the use of such words as “may,” “might,” “will,” “will likely result,” “would,” “should,” “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “continue,” “target” or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: LiveOne’s reliance on its largest OEM customer for a substantial percentage of its revenue; LiveOne’s ability to consummate any proposed financing, acquisition, spin-out, special dividend, merger, distribution or transaction, the timing of the consummation of any such proposed event, including the risks that a condition to the consummation of any such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, spin-out, merger, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; LiveOne’s ability to continue as a going concern; LiveOne’s ability to attract, maintain and increase the number of its users and paid members; LiveOne identifying, acquiring, securing and developing content; LiveOne’s intent to repurchase shares of its and/or PodcastOne’s common stock from time to time under LiveOne’s announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; LiveOne’s ability to maintain compliance with certain financial and other covenants; LiveOne successfully implementing its growth strategy, including relating to its technology platforms and applications; management’s relationships with industry stakeholders; LiveOne’s ability to extend and/or refinance its indebtedness and/or repay its indebtedness when due; uncertain and unfavorable outcomes in legal proceedings and/or LiveOne’s ability to pay any amounts due in connection with any such legal proceedings; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of LiveOne’s subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in LiveOne’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 1, 2024, Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, filed with the November 14, 2024, and in LiveOne’s other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and LiveOne disclaims any obligation to update these statements, except as may be required by law. LiveOne intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. LiveOne IR Contact: Liviakis Financial Communications, Inc. (415) 389-4670 john@liviakis.com LiveOne Press Contact: LiveOne press@liveone.com Follow LiveOne on social media: Facebook, Instagram, TikTok, YouTube, and Twitter at @liveone .
Furthermore, China has enhanced its regulatory framework and governance mechanisms to improve the efficiency and transparency of policy implementation. The government has intensified efforts to crack down on financial risks, enhance market supervision, and safeguard consumer rights. These regulatory reforms are crucial for maintaining market order, fostering investor confidence, and ensuring sustainable economic growth.In light of these challenges, experts emphasize the importance of addressing the root causes of the Syrian crisis and adopting comprehensive strategies to mitigate its impact on refugees and terrorism. Dr. Khoury underscored the need for increased support for host countries to cope with the influx of refugees and promote social cohesion through inclusive policies and initiatives. "Investing in education, employment opportunities, and community engagement is crucial to prevent the marginalization and radicalization of vulnerable populations," he emphasized.
NFL fans are calling for a rules change after Sunday's wild Dallas Cowboys vs. Washington Commanders finish. The Cowboys topped the Commanders, 34-26, in a crazy game at Northwest Stadium in Landover, Md. on Sunday. The Cowboys took a commanding lead late, before the Commanders stormed all the way back and tied the game - well, almost tied it. After an 86-yard touchdown pass from Jayden Daniels to Terry McLaurin, the Commanders had a chance to tie the game with less than 30 seconds to play, at 27-27. But Washington kicker Austin Seibert, who had already missed one extra point, missed his second one. NFL fans have been calling for Seibert to be cut, but that's not all they are doing. Timothy Nwachukwu/Getty Images Some NFL fans are arguing for the league to get rid of extra points. Why make such a non-important play mean so much? "I’ll say it...get rid of extra points. Just make them 2 point attempts after every TD," one fan wrote. "Get rid of extra points, make teams go for two after every touchdown," one fan added. "Get rid of field goals and extra points man lol," one fan added. "I’m admittedly biased in saying this right now, but never liked the idea of the NFL making it more likely that extra points decide games. Least exciting play in the sport now has outsized importance," Chase Hughes of NBC Sports added. NO GOOD. 📺: #DALvsWAS on FOX 📱: https://t.co/waVpO8ZBqG pic.twitter.com/FDg7wGy8KF It's understandable that Commanders fans would feel that way today, but the Cowboys had to make their extra points, too. And the Cowboys had a missed field goal, a blocked field goal and a blocked punt. Special teams allowed the Commanders to stay in the game, though they ended up costing them the chance to tie things up late. That's just sports, right? But with the NFL changing the kickoff rule, perhaps the league will consider changing the extra points rule at some point, too. Or maybe we'll just start to see more and more teams attempting to go for two points late in games. The Cowboys improved to 4-7 on the year with the win on Sunday, while the Commanders dropped to 7-5.South Korea’s Yoon says he will lift martial law decree
NoneNEW YORK--(BUSINESS WIRE)--Dec 20, 2024-- Aptorum Group Limited (NASDAQ: APM) (“Aptorum Group” or the “Company”), a clinical stage biopharmaceutical company dedicated to meeting unmet medical needs in oncology, autoimmune and infectious diseases, today provided a business update and announced financial results for the six months ended June 30, 2024. “Our team and Yoov have spent considerable time and effort on the due diligence process, the negotiation of definitive terms, and the preparation of necessary transactional and listing documentation. However, current market conditions have introduced significant uncertainty regarding the availability of the required funding for the transaction. After careful consideration, our Board has determined that it is no longer in the best interests of our shareholders to proceed with this transaction. Despite this, we will continue to explore other business combination opportunities that we believe will enhance shareholder value,” stated Mr. Ian Huen, Chief Executive Officer and Executive Director of Aptorum Group Limited. Corporate Highlights On October 24, 2024, the Company and Yoov Group Holding Limited (“Yoov”) entered into a termination agreement and the anticipated reverse takeover transaction with Yoov was terminated. Financial Results for the Six Months Ended June 30, 2024 Aptorum Group reported a net loss of $2.7 million for the six months ended June 30, 2024 compared to $6.6 million for the same period in 2023. The decrease in net loss in the current period was driven by the decrease in operating expenses by $4.1 million due to the implementation of stringent budgetary control measures, as a result of the Company’s exclusive emphasis on the previous anticipated RTO. Research and development expenses were $2.0 million for the six months ended June 30, 2024 compared to $3.2 million for the same period in 2023. Before the Merger Agreement was terminated, we determined it was best to focus all of our attention and resources on completing the Merger and therefore paused the majority of our R&D activities during that time; following the termination of the Merger Agreement in the fourth quarter of fiscal 2024, we determined that searching for other business combination opportunities could maximize shareholder value, and our R&D activities remain suspended. General and administrative fees were $0.3 million for the six months ended June 30, 2024 compared to $1.3 million for the same period in 2023. The decrease in general and administrative fees was primary due to the streamlining of our operations to focus on preparation for the Merger, which has since been abandoned. Legal and professional fees were $0.4 million for the six months ended June 30, 2024 compared to $1.7 million for the same period in 2023. The decrease in legal and professional fees was attributed to the lack of non-routine activities that were present in the same period last year, such as the implementation of reverse stock split, and amendments to the memorandum and articles of association. The absence of such non-routine exercises in the current period has resulted in a decrease in legal and professional fees. As of June 30, 2024, cash and restricted cash totaled approximately $0.8 million and total equity was approximately $13.2 million. APTORUM GROUP LIMITED UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS June 30, 2024 and December 31, 2023 (Stated in U.S. Dollars) June 30, 2024 December 31, 2023 ASSETS Current assets: Cash $ 783,085 $ 2,005,351 Accounts receivable 21,800 47,709 Amounts due from related parties 3,595 961 Other receivables and prepayments 725,616 422,071 Total current assets 1,534,096 2,476,092 Property and equipment, net - 1,663,926 Operating lease right-of-use assets - 182,057 Long-term investments 16,098,846 16,098,846 Intangible assets, net - 147,347 Long-term deposits 71,823 71,823 Total Assets $ 17,704,765 $ 20,640,091 LIABILITIES AND EQUITY LIABILITIES Current liabilities: Amounts due to related parties $ 79,180 $ 79,180 Accounts payable and accrued expenses 1,148,235 1,894,341 Operating lease liabilities, current 89,145 125,232 Total current liabilities 1,316,560 2,098,753 Operating lease liabilities, non-current 62,718 99,485 Convertible notes to a related party 3,148,500 3,058,500 Total Liabilities $ 4,527,778 $ 5,256,738 Commitments and contingencies - - EQUITY Class A Ordinary Shares ($0.00001 par value, 9,999,996,000,000 shares authorized, 3,674,164 shares issued and outstanding as of June 30, 2024; 2,937,921 shares issued and outstanding as of December 31, 2023) $ 37 $ 31 Class B Ordinary Shares ($0.00001 par value; 4,000,000 shares authorized, 1,796,934 shares issued and outstanding as of June 30, 2024; 2,243,776 shares issued and outstanding as of December 31, 2023) 18 22 Additional paid-in capital 93,470,186 93,018,528 Accumulated other comprehensive loss (9,762 ) (10,623 ) Accumulated deficit (70,805,518 ) (68,161,722 ) Total equity attributable to the shareholders of Aptorum Group Limited 22,654,961 24,846,236 Non-controlling interests (9,477,974 ) (9,462,883 ) Total equity 13,176,987 15,383,353 Total Liabilities and Equity $ 17,704,765 $ 20,640,091 APTORUM GROUP LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS For the six months ended June 30, 2024 and 2023 (Stated in U.S. Dollars) For the six months ended June 30, 2024 2023 Revenue Healthcare services income $ - $ 431,378 Operating expenses Costs of healthcare services - (426,063 ) Research and development expenses (2,038,923 ) (3,212,366 ) General and administrative fees (326,187 ) (1,263,019 ) Legal and professional fees (366,164 ) (1,738,566 ) Other operating expenses (137,233 ) (330,212 ) Total operating expenses (2,868,507 ) (6,970,226 ) Other income (expenses) Loss on investments in marketable securities, net - (9,266 ) Interest expense, net (68,462 ) (93,478 ) Loss on disposal of subsidiaries (4,271 ) - Sundry income 282,353 36,803 Total other income (expenses), net 209,620 (65,941 ) Net loss $ (2,658,887 ) $ (6,604,789 ) Less: net loss attributable to non-controlling interests (15,091 ) (1,117,685 ) Net loss attributable to Aptorum Group Limited $ (2,643,796 ) $ (5,487,104 ) Net loss per share – basic and diluted $ (0.50 ) $ (1.43 ) Weighted-average shares outstanding – basic and diluted 5,339,608 3,849,621 Net loss $ (2,658,887 ) $ (6,604,789 ) Other comprehensive income (loss) Exchange differences on translation of foreign operations 861 (7,485 ) Other comprehensive income (loss) 861 (7,485 ) Comprehensive loss (2,658,026 ) (6,612,274 ) Less: comprehensive loss attributable to non-controlling interests (15,091 ) (1,117,685 ) Comprehensive loss attributable to the shareholders of Aptorum Group Limited (2,642,935 ) (5,494,589 ) About Aptorum Group Aptorum Group Limited (Nasdaq: APM) is a clinical stage biopharmaceutical company dedicated to the discovery, development and commercialization of therapeutic assets to treat diseases with unmet medical needs, particularly in oncology (including orphan oncology indications) and infectious diseases. The pipeline of Aptorum is also enriched through the co-development of Paths Dx Test, a novel molecular-based rapid pathogen identification and detection diagnostics technology, with Accelerate Technologies Pte Ltd, commercialization arm of the Singapore’s Agency for Science, Technology and Research. For more information about the Company, please visit www.aptorumgroup.com . Disclaimer and Forward-Looking Statements This press release does not constitute an offer to sell or a solicitation of offers to buy any securities of Aptorum Group. This press release includes statements concerning Aptorum Group Limited and its future expectations, plans and prospects that constitute “forward-looking statements” within the meaning of the US Private Securities Litigation Reform Act of 1995. For this purpose, any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “may,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” or “continue,” or the negative of these terms or other similar expressions. Aptorum Group has based these forward-looking statements, which include statements regarding projected timelines for application submissions and trials, largely on its current expectations and projections about future events and trends that it believes may affect its business, financial condition and results of operations. These forward-looking statements speak only as of the date of this press release and are subject to a number of risks, uncertainties and assumptions including, without limitation, risks related to its announced management and organizational changes, the continued service and availability of key personnel, its ability to expand its product assortments by offering additional products for additional consumer segments, development results, the company’s anticipated growth strategies, anticipated trends and challenges in its business, and its expectations regarding, and the stability of, its supply chain, and the risks more fully described in Aptorum Group’s Form 20-F and other filings that Aptorum Group may make with the SEC in the future. As a result, the projections included in such forward-looking statements are subject to change and actual results may differ materially from those described herein. Aptorum Group assumes no obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise. This press release is provided “as is” without any representation or warranty of any kind. View source version on businesswire.com : https://www.businesswire.com/news/home/20241220907803/en/ CONTACT: Aptorum Group Limited Investor Relations Department investor.relations@aptorumgroup.com +44 20 80929299 KEYWORD: NEW YORK UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: ONCOLOGY HEALTH INFECTIOUS DISEASES GENERAL HEALTH CLINICAL TRIALS PHARMACEUTICAL BIOTECHNOLOGY SOURCE: Aptorum Group Limited Copyright Business Wire 2024. PUB: 12/20/2024 04:00 PM/DISC: 12/20/2024 04:00 PM http://www.businesswire.com/news/home/20241220907803/en