No. 22 Syracuse looking for 10 wins in 1st year under Fran Brown against depleted Washington StateORRVILLE, Ohio , Dec. 2, 2024 /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) ("Company") announced today the closing of the transaction to divest the Voortman ® business to Second Nature Brands. The Company previously announced the signing of a definitive agreement for the transaction on October 22, 2024 . The all-cash transaction is valued at approximately $305 million , subject to a working capital adjustment, and reflects the Company's continued commitment to optimizing its portfolio and reallocating resources to its core growth brands. The transaction includes all Voortman ® trademarks and the Company's leased manufacturing facility in Burlington, Ontario, Canada . In addition, approximately 300 employees will transition with the business. The Company updated its full-year fiscal 2025 net sales guidance to reflect the impact of the divested business. Net sales is anticipated to increase 7.5 to 8.5 percent compared to the prior year. The updated net sales guidance reflects the removal of approximately $65 million of divested net sales in fiscal 2025, with the estimated net sales impact evenly distributed throughout the remainder of the fiscal year. On a comparable basis, net sales is expected to increase 1.0 to 2.0 percent, which excludes noncomparable sales in the current year from the acquisition of Hostess Brands and noncomparable sales in the prior year related to the divestitures of the Voortman ® , Canada condiment, and Sahale Snacks ® businesses. The Company maintains its fiscal 2025 adjusted earnings per share, free cash flow, capital expenditures, and adjusted effective income tax rate outlook as communicated in its most recent quarterly earnings announcement on November 26, 2024 . The J.M. Smucker Co. Forward Looking Statements This press release ("Release") includes certain forward-looking statements within the meaning of federal securities laws. The forward-looking statements may include statements concerning our current expectations, estimates, assumptions and beliefs concerning future events, conditions, plans and strategies that are not historical fact. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expect," "anticipate," "believe," "intend," "will," "plan," "strive" and similar phrases. Federal securities laws provide a safe harbor for forward-looking statements to encourage companies to provide prospective information. We are providing this cautionary statement in connection with the safe harbor provisions. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date made, when evaluating the information presented in this Release, as such statements are by nature subject to risks, uncertainties and other factors, many of which are outside of our control and could cause actual results to differ materially from such statements and from our historical results and experience. We do not undertake any obligation to update or revise these forward-looking statements to reflect new events or circumstances. The risks, uncertainties, important factors, and assumptions listed and discussed in this press release, which could cause actual results to differ materially from those expressed, include: the Company's ability to successfully integrate Hostess Brands' operations and employees and to implement plans and achieve financial forecasts with respect to the Hostess Brands' business; disruptions or inefficiencies in the Company's operations or supply chain, including any impact caused by product recalls, political instability, terrorism, geopolitical conflicts (including the ongoing conflicts between Russia and Ukraine and Israel and Hamas), extreme weather conditions, natural disasters, pandemics, work stoppages or labor shortages (including potential strikes along the U.S. East and Gulf coast ports and potential impacts related to the duration of a recent strike at the Company's Buffalo, New York manufacturing facility), or other calamities; risks related to the availability of, and cost inflation in, supply chain inputs, including labor, raw materials, commodities, packaging, and transportation; the impact of food security concerns involving either the Company's products or its competitors' products, including changes in consumer preference, consumer litigation, actions by the U.S. Food and Drug Administration or other agencies, and product recalls; a disruption, failure, or security breach of the Company or its suppliers' information technology systems, including, but not limited to, ransomware attacks; and risks related to other factors described under "Risk Factors" in other reports and statements filed with the Securities and Exchange Commission, including the Company's most recent Annual Report on Form 10-K. About The J.M. Smucker Co. At The J.M. Smucker Co., it is our privilege to make food people and pets love by offering a diverse family of brands available across North America . We are proud to lead in the coffee, peanut butter, fruit spreads, frozen handheld, sweet baked goods, dog snacks, and cat food categories by offering brands consumers trust for themselves and their families each day, including Folgers ® , Dunkin ' ® , Café Bustelo ® , Jif ® , Uncrustables ® , Smucker's ® , Hostess ® , Milk-Bone ® , and Meow Mix ® . Through our unwavering commitment to producing quality products, operating responsibly and ethically, and delivering on our Purpose, we will continue to grow our business while making a positive impact on society. For more information, please visit jmsmucker.com . The J.M. Smucker Co. is the owner of all trademarks referenced herein, except for Dunkin ' ® , which is a trademark of DD IP Holder LLC. The Dunkin ' ® brand is licensed to The J.M. Smucker Co. for packaged coffee products sold in retail channels such as grocery stores, mass merchandisers, club stores, e-commerce and drug stores, and in certain away from home channels. This information does not pertain to products for sale in Dunkin ' ® restaurants. View original content to download multimedia: https://www.prnewswire.com/news-releases/the-jm-smucker-co-completes-the-divestiture-of-voortman-brand-to-second-nature-brands-and-updates-fiscal-year-2025-net-sales-outlook-302319978.html SOURCE The J.M. Smucker Co.
The BC SPCA Kamloops animal centre has recovered several adult cats and kittens from a property, and is getting ready to receive between 15 and 25 more cats from the same property over the next few weeks. The animals were prioritized for recovery, with a female cat, her four kittens, and five other adults in the first intake. Sadly, two of the adult cats needed to be euthanized, while the kittens tested positive for coccidia and one of the adult cats tested positive for giardia. All the cats immediately went into quarantine and were treated. “This happens all too often when a kind person feeds a stray cat,” says Daria Evans, manager of the BC SPCA’s Kamloops animal centre. “In this case the finders began feeding stray cats in their community during the pandemic, and in no time at all the number of cats in their home more than doubled. “They became overwhelmed and reached out to us, and we are currently in the process of bringing all the cats into our care.” Evans adds that it’s likely that all of the cats in the home will require treatment, so the Kamloops centre is preparing for that. Coccidia and giardia are parasitic infections of the intestinal tract and are typically treated with oral medications and intravenous fluids if required. Although quite common and very treatable, they are both contagious. Once the cats clear quarantine, they will be placed with a BC SPCA foster carer or — if they are ready — made available for adoption. “Our goal is to bring all these babies into our care and treat them as soon as possible,” says Evans. “The kittens are very playful and sweet. They were a little grumpy when we gave them their coccidia baths, but that is to be expected. They now seem to be much happier and content.” The adult cats appear to be a mixture of indoor and outdoor animals. Staff at the centre have been pleasantly surprised at how comfortable the cats are around people, even though some may not have had as much human socialization as others. “They are very affectionate and love it when staff comes around to feed and care for them," says Evans. She notes that this case is a reminder that people should reach out if there are stray cats in their area, and the earlier the better. “It is amazing how quickly a cat population can explode.” The cats and kittens currently in care will be available for adoption later in December. You can help them — and other animals in need at the BC SPCA — by making a donation at .
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PORTLAND, Maine — Honey, they shrunk the catalogs. While retailers hope to go big this holiday season, customers may notice that the printed gift guides arriving in their mailboxes are smaller. Many of the millions of catalogs getting sent to U.S. homes were indeed scaled down to save on postage and paper, resulting in pint-sized editions. Lands’ End, Duluth Trading Company and Hammacher Schlemmer are among gift purveyors using smaller editions. Some retailers are saving even more money with postcards. Lisa Ayoob, a tech-savvy, online shopper in Portland, Maine, was surprised by the size of a recent catalog she received from outdoor apparel company Carbon2Cobalt. “It almost felt like it was a pamphlet compared to a catalog,” she said. Catalogs have undergone a steady recalibration over the years in response to technological changes and consumer behavior. The thick, heavy Sears and J.C. Penney catalogs that brought store displays to American living rooms slimmed down and gave way to targeted mailings once websites could do the same thing. Recent postal rate increases accelerated the latest shift to compact formats. The number of catalogs mailed each year dropped about 40% between 2006 to 2018, when an estimated 11.5 billion were mailed to homes, according to the trade group formerly known as the American Catalog Mailers Association. In a sign of the times, the group based in Washington rebranded itself in May as the American Commerce Marketing Association, reflecting a broadened focus. But don’t expect catalogs to go the way of dinosaurs yet. Defying predictions of doom, they have managed to remain relevant in the e-commerce era. Retail companies found that could treat catalogs with fewer pages as a marketing tool and include QR and promo codes to entice customers to browse online and complete a purchase. Despite no longer carrying an extended inventory of goods, catalogs are costly to produce and ship. But they hold their own in value because of growing digital advertising costs, helping retailers cut through the noise for consumers barraged by multi-format advertisements, industry officials say. In an unlikely twist, notable e-commerce companies like Amazon and home goods supplier Wayfair started distributing catalogs in recent years. Amazon began mailing a toy catalog in 2018. That was the same year Sears, which produced an annual Christmas Wish Book starting in 1933, filed for bankruptcy. Fans of printed information may rejoice to hear that apparel retailer J.Crew relaunched its glossy catalog this year. Research shows that the hands-on experience of thumbing through a catalog leaves a greater impression on consumers, said Jonathan Zhang, a professor of marketing at Colorado State University. “The reason why these paper formats are so effective is that our human brains haven’t evolved as fast as technology and computers over the past 10 to 20 years. We retain more information when we read something on paper. That’s why paper books remain relevant,” Zhang said. “The psychology shows that three-dimensional, tactile experiences are more memorable.” Pint-sized presentations still can work, though, because the purpose of catalogs these days is simply to get customers’ attention, Zhang said. Conserving paper also works better with younger consumers who are worried about the holiday shopping season’s impact on the planet, he said. Postal increases are hastening changes. The latest round of postage hikes in July included the category with the 8.5-by-11-inch size that used to be ubiquitous for the catalog industry. Many retailers responded by reducing the size of catalogs, putting them in a lower-cost letter category, said Paul Miller, executive vice president and managing director of the American Commerce Marketing Association. One size, called a “slim jim,” measures 10.5 by 5.5 inches. But there other sizes. Some retailers have further reduced costs by mailing large postcards to consumers. Lands’ End, for one, is testing new compact formats to supplement its traditional catalogs. This year, that included folded glossy brochures and postcards, along with other formats, Chief Transformation Officer Angie Rieger said. Maine resident Ayoob said she understands why retailers still use catalogs even though she no longer is a fan of the format. These days, she prefers to browse for products on the internet. “Everybody wants eyeballs. There’s so much out there — so many websites, so many brands,” Ayoob said. Targeting customers at home is not a new concept. L.L. Bean was a pioneer of the mail-order catalog after its founder promoted his famous “Maine Hunting Shoe” to hunting license holders from out-of-state in 1912. The outdoor clothing and equipment company based in Freeport, Maine, is sticking to mailing out regular-sized catalogs for now. “By showcasing our icons, the catalog became an icon itself,” L.L. Bean spokesperson Amanda Hannah said. “Even as we invest more in our digital and brand marketing channels, the catalog retains a strong association with our brand, and is therefore an important part of our omni-channel strategy, especially for our loyal customers.” Get local news delivered to your inbox!By Michelle Nichols UNITED NATIONS (Reuters) - Britain, France and Germany have told the United Nations Security Council that they are ready - if necessary - to trigger a so-called "snap back" of all international sanctions on Iran to prevent the country from acquiring a nuclear weapon. They will lose the ability to take such action on Oct. 18 next year when a 2015 U.N. resolution expires. The resolution enshrines Iran's deal with Britain, Germany, France, the United States, Russia and China that lifted sanctions on Tehran in exchange for restrictions on its nuclear program. Iran is "dramatically" accelerating enrichment of uranium to up to 60% purity, close to the roughly 90% level that is weapons grade, the U.N. nuclear watchdog chief told Reuters last week. The move comes as Iran has suffered a series of strategic setbacks, including Israel's assault on Tehran's proxy militias Hamas in Gaza and Hezbollah in Lebanon and the ouster of Iranian ally Bashar al-Assad in Syria. Western states say there is no need to enrich uranium to such a high level under any civilian program and that no other country has done so without producing nuclear bombs. Iran denies pursuing nuclear weapons. "Iran must deescalate its nuclear program to create the political environment conducive to meaningful progress and a negotiated solution," the U.N. ambassadors of Britain, Germany and France wrote in a Dec. 6 letter to the Security Council. "We reiterate our determination to use all diplomatic tools to prevent Iran from acquiring a nuclear weapon, including using snap back if necessary," they said. The communication was in response to letters earlier last week from Russia and Iran, which followed an initial note to the council by Britain, Germany and France on Nov. 27. Russia and Iran also then followed up with further letters this week. The tit-for-tat letters came as European and Iranian diplomats met late last month to discuss whether they can work to defuse regional tensions, including over Tehran's nuclear program, before Donald Trump's return to the White House. During his first term, Trump quit the nuclear deal in 2018. 'EMBRACE DIPLOMACY' In a letter to the council on Monday, Iran's U.N. Ambassador Amir Saeid Iravani urged the Europeans to "abandon their ineffective and failed policy of pressure and confrontation," saying they "should embrace diplomacy and focus on rebuilding the trust essential to resolving the current impasse." The European parties to the Iran nuclear deal have adopted a tougher stance on Iran in recent months, notably since Tehran ramped up its military support to Russia for its war in Ukraine. Russian U.N. Ambassador Vassily Nebenzia - in a Tuesday letter - said Britain, Germany and France had no right to invoke the "snap back" of sanctions and that it was irresponsible of them to suggest the possibility of using the "snap back" mechanism. U.N. Secretary-General Antonio Guterres submitted his biannual report to the Security Council on the implementation of the 2015 resolution on Tuesday, warning there was a "critical need for a peaceful solution to the Iranian nuclear issue" given the deteriorating situation across the Middle East. The "snap back" of international sanctions on Iran would require Iran to suspend all nuclear enrichment-related and reprocessing activities, including research and development, and ban imports of anything that could contribute to those activities or developing nuclear arms delivery systems. It would also reimpose a conventional arms embargo, ban Iran from developing ballistic missiles capable of delivering nuclear weapons and revive targeted sanctions on dozens of individuals and entities. Countries also would be urged to inspect shipments to and from Iran and authorized to seize any banned cargo. (Reporting by Michelle Nichols; Editing by Don Durfee and Daniel Wallis)SAN DIEGO (AP) — Syracuse coach Fran Brown and Washington State acting coach Pete Kaligis shared a heartfelt hug after their Holiday Bowl news conference on Thursday. Kaligis can certainly use all the support he can get, especially an embrace and some encouraging words from the opposing coach. No. 22 Syracuse (9-3, No. 21 CFP), led by national passing leader Kyle McCord, is a 17-point favorite according to BetMGM in Friday night's Holiday Bowl against the depleted Cougars (8-4), whose season has nosedived since mid-November. After beating future Pac-12 opponent San Diego State 29-26 on Oct. 26 at Snapdragon Stadium, coach Jake Dickert, quarterback John Mateer and the rest of the Cougars were 7-1 and about to jump into The Associated Press Top 25. Now the Cougars are barely recognizable as they return to Snapdragon. Dickert was hired away by Wake Forest, Mateer transferred to Oklahoma and running back Wayshawn Parker left for Utah. Numerous coaches, including the offensive and defensive coordinators, are gone, and more than 20 players have entered the transfer portal. The Cougars, who lost their last three games, are a prime example of how college football's rapidly changing landscape can dramatically affect a program. “Going into the ins-and-outs of the game tomorrow doesn’t matter,” Kaligis said. “We are who we are, we have what we have. I know that’s for both of us.” Kaligis said players who entered the portal after Dickert left can suit up Friday night. “I know we came here with 98 guys. That's who we’re going to show up on the field with.” Kaligis said relationships between players and coaches are more important than ever, even if there's less time to develop trust “and coach them the right way.” “When a staff (member) leaves and guys get in the portal, it’s because of the relationships they have garnered with their position coaches. When that position coach isn’t guaranteed he’s going to be there, that’s who that young man trusts,” Kaligis said. “I’ve been doing this for a long time," he added. "What’s been hard for me, I spent 13 years at Wyoming, I saw three graduating classes. I remember I was the longest-tenured coach there. To see them all the way through. When I came to Wazzu, I was their fourth D-line coach." The Cougs improved to 8-1 by beating Utah State 49-28 on Nov. 9 but then lost three straight, including to Oregon State in the de facto championship game between the two teams left in the Pac-12. They also lost to New Mexico and Wyoming, two of the Mountain West teams that weren't invited to join the reconstituted Pac-12 starting in 2026. McCord, who transferred from Ohio State, rewrote the Orange's record book this season with 4,326 yards passing, 29 touchdowns and 367 completions. He's well within range of breaking Deshaun Watson's ACC single-season record of 4,593, which he set in 15 games in 2016. A win will give Syracuse 10 wins for the first time since 2018 and just the third time since 2000. Brown can become the second Syracuse coach since World War II to record 10 wins in his first season, joining Paul Pasqualoni, who did it in 1991. In their final regular-season game, the Orange rallied from a 21-0 deficit for a 42-38 win against then-No. 6 Miami that knocked the Hurricanes out of ACC title contention and ended their College Football Playoff hopes. McCord threw for 380 yards and three touchdowns. “We want to go out and have a good game,” Brown said. “We have an opportunity of winning 10 games, which means you’re starting to become a successful program, right? Our players haven’t had a chance of winning a bowl game. So there’s a lot of things that are on the line for us to really be able to build our program and being able to move forward.” This will be the teams' second meeting. Syracuse beat Washington State 52-25 in 1979. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football
US stock market: Dow Jones, Nasdaq, and S&P 500 to become volatile under Donald Trump?LAUSANNE , Switzerland , Dec. 2, 2024 /PRNewswire/ -- ADC Therapeutics SA (NYSE: ADCT), a commercial-stage global leader and pioneer in the field of antibody drug conjugates (ADCs), today announced that the Company has made grants of options to purchase an aggregate of 34,900 of the Company's common shares to three new employees on December 2, 2024 (each, a "Grant"). The Grants were offered as material inducement to the employees' employment. The grants were approved by the Compensation Committee of the Company's Board of Directors pursuant to the Company's Inducement Plan to motivate and reward the recipients to perform at the highest levels and contribute significantly to the success of the Company. The Grants were made in reliance on the employment inducement exemption under the NYSE's Listed Company Manual Rule 303A.08. The Company is issuing this press release pursuant to Rule 303A.08. The Grants shall vest and become exercisable 25% on the first anniversary of the grant date, and 1/48th of the aggregate number of shares subject to the award on each monthly anniversary of the grant date thereafter, such that the entire award will be vested as of the fourth anniversary of the grant date, subject to continued employment with the Company. About ADC Therapeutics ADC Therapeutics (NYSE: ADCT) is a commercial-stage global leader and pioneer in the field of antibody drug conjugates (ADCs). The Company is advancing its proprietary ADC technology to transform the treatment paradigm for patients with hematologic malignancies and solid tumors. ADC Therapeutics' CD19-directed ADC ZYNLONTA (loncastuximab tesirine-lpyl) received accelerated approval by the FDA and conditional approval from the European Commission for the treatment of relapsed or refractory diffuse large B-cell lymphoma after two or more lines of systemic therapy. ZYNLONTA is also in development in combination with other agents and in earlier lines of therapy. In addition to ZYNLONTA, ADC Therapeutics has multiple ADCs in ongoing clinical and preclinical development. ADC Therapeutics is based in Lausanne (Biopôle), Switzerland , and has operations in London and New Jersey . For more information, please visit https://adctherapeutics.com/ and follow the Company on LinkedIn . ZYNLONTA ® is a registered trademark of ADC Therapeutics SA. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases you can identify forward-looking statements by terminology such as "may", "will", "should", "would", "expect", "intend", "plan", "anticipate", "believe", "estimate", "predict", "potential", "seem", "seek", "future", "continue", or "appear" or the negative of these terms or similar expressions, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to certain risks and uncertainties that can cause actual results to differ materially from those described. Factors that may cause such differences include, but are not limited to: the expected cash runway into mid-2026 the Company's ability to grow ZYNLONTA ® revenue in the United States ; the ability of our partners to commercialize ZYNLONTA ® in foreign markets, the timing and amount of future revenue and payments to us from such partnerships and their ability to obtain regulatory approval for ZYNLONTA ® in foreign jurisdictions; the timing and results of the Company's or its partners' research and development projects or clinical trials including LOTIS 5 and 7, ADCT 602 as well as early research in certain solid tumors with different targets, linkers and payloads; the timing and results of investigator-initiated trials including those studying FL and MZL and the potential regulatory and/or compendia strategy and the future opportunity; the timing and outcome of regulatory submissions for the Company's products or product candidates; actions by the FDA or foreign regulatory authorities; projected revenue and expenses; the Company's indebtedness, including Healthcare Royalty Management and Blue Owl and Oaktree facilities, and the restrictions imposed on the Company's activities by such indebtedness, the ability to comply with the terms of the various agreements and repay such indebtedness and the significant cash required to service such indebtedness; and the Company's ability to obtain financial and other resources for its research, development, clinical, and commercial activities. Additional information concerning these and other factors that may cause actual results to differ materially from those anticipated in the forward-looking statements is contained in the "Risk Factors" section of the Company's Annual Report on Form 10-K and in the Company's other periodic and current reports and filings with the U.S. Securities and Exchange Commission. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance, achievements or prospects to be materially different from any future results, performance, achievements or prospects expressed in or implied by such forward-looking statements. The Company cautions investors not to place undue reliance on the forward-looking statements contained in this document. CONTACTS: Investors Marcy Graham ADC Therapeutics Marcy.Graham@adctherapeutics.com +1 650-667-6450 Media Nicole Riley ADC Therapeutics Nicole.Riley@adctherapeutics.com +1 862-926-9040 View original content to download multimedia: https://www.prnewswire.com/news-releases/adc-therapeutics-makes-grants-to-new-employees-under-inducement-plan-302320100.html SOURCE ADC Therapeutics SA
Damar Hamlin-backed HEARTS Act signed into law by President Biden
LINCOLN — Former Nebraska State Treasurer John Murante is stepping down as state retirement agency director, after a little more than a year in the post, to become a lobbyist. He will be joining Ken Schilz, a former state senator, and Mary Vaggalis at Nebraska Strategies, the company announced. Nebraska Strategies represents a variety of clients before the Legislature, state agencies and local political subdivisions. Murante, 42, became the Nebraska Public Employees Retirement Systems director last August. He said he is opting for a job with more flexibility after a “health scare and major surgery” three weeks ago. “I have enjoyed my time at NPERS and am proud of the smooth transition of the Omaha School Plan to state administration,” he said. “Now it is important that I focus on my family and health in a role that allows me to continue influencing the public policy of Nebraska with more flexibility.” The state retirement systems agency administers “defined benefit,” or pension, plans for school employees, judges and State Patrol employees across the state. The agency also oversees cash balance and defined contribution plans for state and county employees and a deferred compensation plan that is optional for state employees, judges and State Patrol employees. Murante has spent most of his career in state government. He was elected state treasurer in 2018 and reelected in 2022. Before being elected treasurer, he served six years as a state senator. He previously worked as a legislative aide and is a former president of Big Fred’s Pizza, a family business in Omaha. martha.stoddard@owh.com , 402-670-2402, twitter.com/stoddardOWH We're always interested in hearing about news in our community. Let us know what's going on! Stay up-to-date on the latest in local and national government and political topics with our newsletter.Fianna Fail and Fine Gael eye independent TDs as option to secure Dail majority