DSWD: Poor Pinoys benefit from programs, /PRNewswire/ -- Today, IBM (NYSE: ) and Governor JB Pritzker announced a collaboration to establish the new National Quantum Algorithm Center in the Illinois Quantum and Microelectronics Park (IQMP) in . Anchored by IBM and other quantum computing pioneers including the and the , the center will be fueled by IBM's next-generation quantum computer, IBM Quantum System Two, which the company plans to deploy in in the coming year. IBM Quantum System Two within the IQMP will be powered by IBM Quantum Heron, which can execute utility-scale algorithms beyond the capabilities of brute-force, classical simulation methods. Users will be able to leverage this system with Qiskit, IBM's performant quantum software, which is designed to be able to extend the length and complexity of quantum circuits to extract accurate results for problems of scientific and research value. These capabilities will enable growing ecosystem of quantum innovators across academia, national labs, and industries to discover how quantum-centric supercomputing could be used for complex industry challenges. As the next evolution of high-performance computing, IBM's vision of quantum-centric supercomputing will integrate quantum and classical computers with performant software to break apart problems, allowing each architecture to solve parts of a complex algorithm for which it is best suited. Ultimately, this is engineered for users to run applications that are inaccessible or difficult for each computing paradigm on its own. "We are proud of the progress we have made to bring useful quantum technology to the world, and this new partnership with the and its thriving innovation ecosystem brings us one step closer to defining the future of computing," said . "With IBM's best performing quantum hardware and software in the heart of innovation network, together we can truly unlock the potential of quantum computing to solve the world's hardest problems." "We're making the global quantum capital and the center for job growth in the quantum industry – a true center of innovation with the power to solve the world's most pressing and complex challenges and create jobs and investment for our state," said "The groundbreaking National Quantum Algorithm Center in represents a transformative step forward, whose impact will reverberate throughout the tech industry and beyond. I'm grateful to the leadership at IBM and our university and other industry partners for their ongoing efforts to accelerate quantum computing across our state." Within the National Quantum Algorithm Center, quantum information experts, experimentalists, and domain experts across industries will share a unified objective to uncover yet unknown algorithms that leverage quantum-centric computing, including those which combine quantum and classical supercomputing resources across workflows. These teams will explore rigorous experimentation to determine how to execute workloads for complex, industry challenges and within future hybrid supercomputing architectures. To help drive new algorithm discovery, IBM will leverage its leadership as a pioneer in bringing useful quantum computing to the world with its existing relationships with academic and industry leaders, including long-standing collaborations with the , the , and members of the Chicago Quantum Exchange and the U.S. Economic Development Administration-designated Bloch Quantum Technology Hub. "IBM's decision to engage more deeply with our vibrant quantum ecosystem marks a new phase in the development of quantum information technologies," said "UChicago faculty and students will be able to deepen and expand their work in this area in collaboration with IBM scientists, colleagues from other universities, and many interested companies. The development of new algorithms is the next step to demonstrating effective quantum computations across a wide range of important problems and sectors." "We're thrilled to partner with IBM to bring the National Quantum Algorithm Center to life and look forward to hosting its state-of-the-art Quantum Computer as part of the IQMP," said . "The IQMP is building upon strong existing ecosystem of top-tier talent, research centers, universities and more to further establish our state as a global hub for quantum, and all of the economic growth and technological advancement that comes with it. The National Quantum Algorithm Center will be a place where innovators can realize the potential quantum computing holds to solve some of our most complex problems, and we're grateful to have IBM as a part of our campus." "The great promise of quantum innovation is being realized through powerful partnerships with industry leaders like IBM connecting further to our universities, national labs, and state government," said . "Our collaborative ecosystem is perfectly positioned to lead the National Quantum Algorithm Center through world-renowned faculty and students, and an entrepreneurial spirit that answers the most pressing questions of our time." "The announcement of the National Quantum Algorithm Center in collaboration with IBM and some of our brightest higher education institutions is a pivotal moment in trajectory toward becoming a world leader in quantum research and development," said "Thanks to the planning, foresight and execution of our Team Illinois partners — including Governor JB Pritzker and his administration, the Illinois Department of Commerce and Economic Opportunity and the state's unmatched quantum ecosystem — we are well positioned to ensure the investment and job creation generated by this industry stays right here in ." IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit for more information. IBM Research View original content to download multimedia: SOURCE IBM
NEW YORK, Dec. 22, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against PACS Group, Inc. PACS and certain of the Company's senior executives for potential violations of the federal securities laws. If you invested in PACS, you are encouraged to obtain additional information by visiting : https://www.bfalaw.com/cases-investigations/pacs-group-inc . Investors have until January 13, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 11 and 15 of the Securities Act of 1933 and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in PACS securities. The case is pending in the U.S. District Court for the Southern District of New York and is captioned Manchin v. PACS Group, Inc. , et al. , No. 24-cv-08636. What is the PACS Lawsuit About? The Complaint alleges that PACS is one of the largest operators of skilled nursing facilities in the United States. As alleged, PACS repeatedly represented to shareholders that it possesses a winning "turnaround" strategy to make its nursing facilities profitable. However, in truth, it is alleged that PACS's turnaround was driven by illicitly accessing Medicare benefits for thousands of patients. On November 4, 2024, prominent investment research firm Hindenburg Research published a report titled: "PACS Group: How to Become A Billionaire In The Skilled Nursing Industry By Systematically Scamming Taxpayers." After a 5-month investigation that included interviews with 18 former PACS employees, competitors, and an analysis of more than 900 PACS facility cost reports, Hindenburg alleged that "PACS abused a COVID-era waiver, inappropriately accessing skilled care Medicare benefits for thousands of patients across its national portfolio of facilities." Hindenburg further estimated that "the scheme drove more than 100% of PACS' operating and net income from 2020 – 2023, enabling PACS to IPO in early 2024 with the illusion of legitimate growth and profitability." On November 6, 2024, PACS then announced that it was postponing its Q3 earnings and that it had "received civil investigative demands from the federal government regarding the Company's reimbursement and referral practices that may or may not be related to this week's third-party report." The news caused a significant decline in the price of PACS stock. On November 4, 2024, the price of the company's stock fell 27.8%, from a closing price of $42.94 per share on November 1, 2024, to $31.01 per share on November 4, 2024. On November 6, 2024, the price of the company's stock fell 38.8%, from a closing price of $29.54 per share on November 5, 2024, to $18.09 per share on November 6, 2024. Click here if you Suffered Losses: https://www.bfalaw.com/cases-investigations/pacs-group-inc . What Can You Do? If you invested in PACS you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses. Submit your information by visiting: https://www.bfalaw.com/cases-investigations/pacs-group-inc Or contact: Ross Shikowitz ross@bfalaw.com 212-789-3619 Why Bleichmar Fonti & Auld LLP? Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs' Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors (pending court approval), as well as $420 million from Teva Pharmaceutical Ind. Ltd. For more information about BFA and its attorneys, please visit https://www.bfalaw.com . https://www.bfalaw.com/cases-investigations/pacs-group-inc Attorney advertising. Past results do not guarantee future outcomes. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Edible Garden Enters Into Warrant Exercise Transaction for $3.0 Million in Gross ProceedsStockNews.com Begins Coverage on First Bancshares (NASDAQ:FBMS)
Donald Trump has threatened to seize the Panama Canal, revived calls to buy Greenland and joked about annexing Canada -- leaving the world guessing once again whether he is serious or not. By challenging the sovereignty of some of Washington's closest allies four weeks before he even returns to the Oval Office, the US-president elect has underscored his credentials as global disruptor-in-chief. His comments have renewed fears from his first term that Trump will end up being harsher on US friends than he is on adversaries like Russia and China. But there are also suspicions that billionaire tycoon Trump is looking for leverage as part of the "art of the deal" -- and that the former reality television star is grabbing headlines to look strong at home and abroad. "It's hard to tell how much of this he really wants, and how much is the latest soundbite that will be heard around the world," said Frank Sesno, a professor at George Washington University and former White House correspondent. "He puts other leaders in position of having to figure out what is literal and what is not," he told AFP. The idea of buying Greenland is not a new one for Trump. He also raised the prospect of purchasing the vast strategic island, a Danish territory, during his first term in office. He revived his push over the weekend when naming his ambassador to Copenhagen, saying the "ownership and control of Greenland is an absolute necessity" for US national security. But he received the same answer this time as he did then, with Greenland's Prime Minister Mute Egede saying on Monday that the resource-rich island was "not for sale." Yet his most headline-grabbing remarks have been on Panama, as he slammed what he called unfair fees for US ships passing through and threatened to demand control of the Panama Canal be returned to Washington. Trump said on Sunday that if Panama did not agree "then we will demand that the Panama Canal be returned to the United States of America -- in full, quickly and without question." He also hinted at China's growing influence around the canal, which was built by the United States in 1914 to link the Atlantic and Pacific oceans. It was returned to Panama under a 1977 deal. Panama's President Jose Raul Mulino dismissed Trump's threats, saying that "every square meter" of the canal would remain in Panamanian hands. Trump responded on TruthSocial: "We'll see about that!" Trump also teased neighboring Canada last week that it would be a "great idea" to become the 51st US state -- but against a dark backdrop of threatened tariffs. Sesno said it was hard for other countries to know how to deal with Trump's comments. "Well, it's clearly a joke. Or is it? said Sesno. "Imagine if you're the President of Panama, how do you react to something like that? You can't ignore it and your country will not let you. So the ripple effect of these comments is extraordinary." Trump's harsh treatment of US allies also stands in stark contrast to his repeated praise for the leaders of US foes -- including Russia's Vladimir Putin, who invaded Ukraine in 2022 in a bid for a land-grab. But there is still likely to be method behind Trump's rhetoric. "Maybe the message is for China" when Trump talks about buying Greenland, said Stephanie Pezard, senior political scientist with the Rand Corporation. Just as Trump expressed concern about Beijing's influence in Panama, China's growing presence in the Arctic and its ties with Russia were "something that the US is really worried about," Pezard told AFP. But there could also be a signal to Denmark that 'If you're too friendly with China, you'll find us in your way" -- even though Denmark and Greenland had been "very good NATO allies." And perhaps Trump knows the reality. Any US plan to "buy" Greenland would be unfeasible "not just in international law but more broadly in the global order that the US has been trying to uphold," she said. dk/bgs
Game Changer Wrestling owner Brett Lauderdale feels AEW “maybe” violated some unwritten etiquette by running the Hammerstein Ballroom so close to GCW’s upcoming show there. It was announced last month that GCW will return to the Hammerstein Ballroom in New York City for a show on January 19. Since then, AEW has revealed that it will be running the venue for three straight days from December 20-22. There will be an ROH pay-per-view, a live episode of AEW Collision, and an AEW Dynamite taping. Having four wrestling events in such a short period could lead to some ticket buyers choosing the AEW events over GCW. While appearing on the Business of the Business podcast, Lauderdale was asked if he thinks AEW is running these shows because GCW booked the venue. “Well, I don’t know Tony Khan personally and I don’t know enough of their people well enough to know or to speculate that they would particularly do something like that just to hurt us,” he responded. “Now, with that being said, you know, the traditional etiquette would be: there’s a window where you don’t go to the same buildings. Should that window exist? Often times, you can call it an unwritten rule — or in many cases it’s a written rule. And I’m sure most of the venues, when AEW goes to venues, they probably have a rule written in that no other wrestling show can go there within 30 days or 60 days. It’s a pretty standard practice in the wrestling business — and a lot of entertainment industries there’s rules like that, both written and unwritten. “Do I think that they literally set out to look for a way to hurt GCW? I’m not ready to go that far with it. But do I think that maybe it wasn’t the most polite thing to do? Maybe. I mean, they are a billionaire company with endless resources and they run multiple television shows every week, so they could run an event there anytime they wanted. They don’t have to do it in December or January or whatever. They can do it in February, March, April, May, June, July, August, September. They could do it every month if they wanted to. But they chose to do it in late December, which happens to be less than 30 days before we’re there. So, I mean, it’s not the greatest of circumstances for us.” This is GCW’s second time ever running the Hammerstein Ballroom. Named “The People vs. GCW,” the theme of the show is that GCW has unfinished business after their first event at the Hammerstein in January 2022 received negative to mixed reviews from a sizable portion of fans. With this being GCW’s second time at the Hammerstein — and with the three AEW shows happening there — Lauderdale knows that it’s even more important for him to deliver a card people want to see. “People going to our show just because it’s a wrestling show at the Hammerstein Ballroom, that’s off the table now,” he told the Business of the Business. “So, yes, we do have to win people over. We do have to sell our card. And, yeah, of course, we have to give a card worthy of the attention and worthy of the prestige of being there. And we have to make people buy tickets. Yeah, that’s the game plan. We’re working on it. We’ve got ideas. I think we’ll start to see some of the picture start to come clear this weekend, and we’re working on it and trying to make the rest of it come together.” Lauderdale said the goal is to sell out the Hammerstein Ballroom or sell as many tickets as possible. He’s going to take advantage of every opportunity to get people’s attention, put flyers in their hands, and make them want to come to the show. The AEW events will be the promotion’s Hammerstein debut, though ROH held shows there in the pre-Tony Khan era. The ballroom is located in the Manhattan Center and played host to ECW events in the past, along with WWE’s first two ECW One Night Stand PPVs. Khan told SportsGrid this summer that he thought AEW/ROH running the Hammerstein Ballroom was a “great idea,” but it wasn’t something he had thought about much before that point.Swiss National Bank cut its stake in Berry Global Group, Inc. ( NYSE:BERY – Free Report ) by 2.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 223,418 shares of the industrial products company’s stock after selling 4,600 shares during the quarter. Swiss National Bank owned about 0.19% of Berry Global Group worth $15,188,000 at the end of the most recent quarter. Other hedge funds also recently made changes to their positions in the company. Altshuler Shaham Ltd purchased a new position in shares of Berry Global Group in the second quarter valued at $27,000. Quest Partners LLC grew its position in shares of Berry Global Group by 54,800.0% in the second quarter. Quest Partners LLC now owns 549 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 548 shares in the last quarter. LRI Investments LLC grew its position in shares of Berry Global Group by 1,309.1% in the second quarter. LRI Investments LLC now owns 620 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 576 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Berry Global Group in the second quarter valued at $42,000. Finally, American Capital Advisory LLC purchased a new position in shares of Berry Global Group in the second quarter valued at $44,000. 95.36% of the stock is currently owned by hedge funds and other institutional investors. Insider Activity In related news, Director Evan Bayh sold 14,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $70.13, for a total transaction of $981,820.00. Following the transaction, the director now owns 30,228 shares in the company, valued at $2,119,889.64. The trade was a 31.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . 4.00% of the stock is currently owned by corporate insiders. Analysts Set New Price Targets View Our Latest Research Report on BERY Berry Global Group Trading Up 1.1 % NYSE BERY opened at $71.69 on Friday. Berry Global Group, Inc. has a 1-year low of $54.06 and a 1-year high of $72.50. The company has a current ratio of 1.82, a quick ratio of 1.08 and a debt-to-equity ratio of 2.57. The stock has a 50-day moving average of $68.09 and a 200-day moving average of $64.32. The firm has a market cap of $8.22 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 1.09 and a beta of 1.14. Berry Global Group Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from Berry Global Group’s previous quarterly dividend of $0.28. Berry Global Group’s payout ratio is 25.06%. Berry Global Group Profile ( Free Report ) Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets in the United States, Canada, Europe, and internationally. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments. See Also Want to see what other hedge funds are holding BERY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Berry Global Group, Inc. ( NYSE:BERY – Free Report ). Receive News & Ratings for Berry Global Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berry Global Group and related companies with MarketBeat.com's FREE daily email newsletter .
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Jones accounts for 4 TDs, defense adds two TDs, NC Central swamps Delaware State 52-10