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ALL-REMOTE COMPANY/WILMINGTON, Del.--(BUSINESS WIRE)--Dec 9, 2024-- Phreesia, Inc. (NYSE: PHR) (“Phreesia” or the "Company") announced financial results today for the fiscal third quarter ended October 31, 2024. "We are excited about the future here at Phreesia,” said CEO and Co-Founder Chaim Indig. “Our network continues to grow, adoption of our current offerings is increasing, and we are beginning to see the promise of new solutions we are investing in.” Please visit the Phreesia investor relations website at ir.phreesia.com to view the Company's Q3 Fiscal Year 2025 Stakeholder Letter. Fiscal Third Quarter Ended October 31, 2024 Highlights Fiscal Year 2025 Outlook We are narrowing our revenue outlook for fiscal 2025 to a range of $418 million to $420 million from a previous range of $416 million to $426 million, implying year-over-year growth of 17% to 18%. We are updating our Adjusted EBITDA outlook for fiscal 2025 to a range of $34 million to $36 million from a previous range of $26 million to $31 million. Our outlook reflects our strong performance in the fiscal third quarter and our continued focus on margin improvement. We are maintaining our expectation for AHSCs to reach approximately 4,200 for fiscal 2025, compared to 3,601 in fiscal 2024. We are maintaining our expectation for Total revenue per AHSC to increase in fiscal 2025 compared to the $98,944 we achieved in fiscal 2024. Fiscal Year 2026 Outlook We are introducing our revenue outlook for fiscal 2026. We expect revenue to be in the range of $472 million to $482 million. The revenue range provided for fiscal 2026 assumes no additional revenue from potential future acquisitions completed between now and January 31, 2026. We are introducing our Adjusted EBITDA outlook for fiscal 2026. We expect Adjusted EBITDA to be in the range of $78 million to $88 million. The Adjusted EBITDA range provided for fiscal 2026 assumes continued improvement in operating leverage across the Company through focusing on efficiency. We expect AHSCs to reach approximately 4,500 in fiscal 2026. Additionally, we expect Total revenue per AHSC in fiscal 2026 to increase from fiscal 2025. We believe our $81.7 million in cash and cash equivalents as of October 31, 2024, along with cash generated in our normal operations, gives us sufficient flexibility to reach our fiscal 2025 and fiscal 2026 outlook. Additionally, our available borrowing capacity under our credit facility with Capital One provides us with an additional source of capital to pursue future growth opportunities not incorporated into our fiscal 2025 and fiscal 2026 outlook. As of October 31, 2024 we have no borrowings outstanding under our credit facility. Non-GAAP Financial Measures We have not reconciled our Adjusted EBITDA outlook to GAAP Net income (loss) because we do not provide an outlook for GAAP Net income (loss) due to the uncertainty and potential variability of Other (income) expense, net and (Benefit from) provision for income taxes, which are reconciling items between Adjusted EBITDA and GAAP Net income (loss). Because we cannot reasonably predict such items, a reconciliation of the non-GAAP financial measure outlook to the corresponding GAAP measure is not available without unreasonable effort. We caution, however, that such items could have a significant impact on the calculation of GAAP Net income (loss). For further information regarding the non-GAAP financial measures included in this press release, including a reconciliation of GAAP to non-GAAP financial measures and an explanation of these measures, please see “Non-GAAP financial measures” below. Available Information We intend to use our Company website (including our Investor Relations website) as well as our Facebook, X, LinkedIn and Instagram accounts as a means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD. Forward Looking Statements This press release includes express or implied statements that are not historical facts and are considered forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or our future financial or operating performance and may contain projections of our future results of operations or of our financial information or state other forward-looking information. These statements include, but are not limited to, statements regarding: our future financial and operating performance, including our revenue, operating leverage, margins, Adjusted EBITDA, cash flows and profitability 3; our ability to finance our plans to achieve our fiscal 2025 and fiscal 2026 outlook with our current cash balance and cash generated in the normal course of business; and our outlook for fiscal 2025 and fiscal 2026, including our expectations regarding revenue, Adjusted EBITDA, AHSCs and Total revenue per AHSC. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Although we believe that the expectations reflected in these forward-looking statements are reasonable, these statements relate to future events or our future operational or financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond our control, including, without limitation, risks associated with: our ability to effectively manage our growth and meet our growth objectives; our focus on the long-term and our investments in growth; the competitive environment in which we operate; our ability to comply with the covenants in our credit agreement with Capital One; changes in market conditions and receptivity to our products and services; our ability to develop and release new products and services and successful enhancements, features and modifications to our existing products and services; our ability to maintain the security and availability of our platform; the impact of cyberattacks, security incidents or breaches impacting our business; changes in laws and regulations applicable to our business model; our ability to make accurate predictions about our industry and addressable market; our ability to attract, retain and cross-sell to healthcare services clients; our ability to continue to operate effectively with a primarily remote workforce and attract and retain key talent; our ability to realize the intended benefits of our acquisitions and partnerships; and difficulties in integrating our acquisitions and investments; and other general, market, political, economic and business conditions (including from the results of the 2024 U.S. presidential and congressional elections and the warfare and/or political and economic instability in Ukraine, the Middle East or elsewhere). The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those listed or described in our filings with the Securities and Exchange Commission (“SEC”), including in our Quarterly Report on Form 10-Q for the fiscal quarter ended October 31, 2024 that will be filed with the SEC following this press release. The forward-looking statements in this press release speak only as of the date on which the statements are made. We undertake no obligation to update, and expressly disclaim the obligation to update, any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. This press release includes certain non-GAAP financial measures as defined by SEC rules. We have provided a reconciliation of those measures to the most directly comparable GAAP measures, with the exception of our Adjusted EBITDA outlook for the reasons described above. Conference Call Information We will hold a conference call on Monday December 9, 2024 at 5:00 p.m. Eastern Time to review our fiscal 2025 third quarter financial results. To participate in our live conference call and webcast, please dial (800) 715-9871 (or (646) 307-1963 for international participants) using conference code number 7404611 or visit the “Events & Presentations” section of our Investor Relations website at ir.phreesia.com . A replay of the call will be available via webcast for on-demand listening shortly after the completion of the call, at the same web link, and will remain available for approximately 90 days. About Phreesia Phreesia is a trusted leader in patient activation, giving providers, life sciences companies and other organizations tools to help patients take a more active role in their care. Founded in 2005, Phreesia enabled approximately 150 million patient visits in 2023—more than 1 in 10 visits across the U.S.—scale that we believe allows us to make meaningful impact. Offering patient-driven digital solutions for intake, outreach, education and more, Phreesia enhances the patient experience, drives efficiency and improves healthcare outcomes. Phreesia, Inc. Consolidated Balance Sheets (in thousands, except share and per share data) October 31, 2024 January 31, 2024 (Unaudited) Assets Current: Cash and cash equivalents $ 81,740 $ 87,520 Settlement assets 25,046 28,072 Accounts receivable, net of allowance for doubtful accounts of $1,468 and $1,392 as of October 31, 2024 and January 31, 2024, respectively 71,408 64,863 Deferred contract acquisition costs 362 768 Prepaid expenses and other current assets 11,017 14,461 Total current assets 189,573 195,684 Property and equipment, net of accumulated depreciation and amortization of $87,861 and $76,859 as of October 31, 2024 and January 31, 2024, respectively 25,973 16,902 Capitalized internal-use software, net of accumulated amortization of $53,210 and $45,769 as of October 31, 2024 and January 31, 2024, respectively 51,322 46,139 Operating lease right-of-use assets 1,656 266 Deferred contract acquisition costs 450 986 Intangible assets, net of accumulated amortization of $7,536 and $4,925 as of October 31, 2024 and January 31, 2024, respectively 29,014 31,625 Goodwill 75,845 75,845 Other assets 1,870 2,879 Total Assets $ 375,703 $ 370,326 Liabilities and Stockholders’ Equity Current: Settlement obligations $ 25,046 $ 28,072 Current portion of finance lease liabilities and other debt 8,866 6,056 Current portion of operating lease liabilities 1,021 393 Accounts payable 15,870 8,480 Accrued expenses 29,080 37,130 Deferred revenue 22,188 24,113 Other current liabilities 7,130 5,875 Total current liabilities 109,201 110,119 Long-term finance lease liabilities and other debt 10,292 5,400 Operating lease liabilities, non-current 840 134 Long-term deferred revenue 199 97 Long-term deferred tax liabilities 446 270 Other long-term liabilities 133 2,857 Total Liabilities 121,111 118,877 Commitments and contingencies Stockholders’ Equity: Preferred stock, undesignated, $0.01 par value - 20,000,000 shares authorized as of both October 31, 2024 and January 31, 2024; no shares issued or outstanding as of both October 31, 2024 and January 31, 2024 — — Common stock, $0.01 par value - 500,000,000 shares authorized as of both October 31, 2024 and January 31, 2024; 59,439,197 and 57,709,762 shares issued as of October 31, 2024 and January 31, 2024, respectively 594 577 Additional paid-in capital 1,094,629 1,039,361 Accumulated deficit (795,106 ) (742,969 ) Accumulated other comprehensive loss (5 ) — Treasury stock, at cost, 1,355,169 shares as of both October 31, 2024 and January 31, 2024 (45,520 ) (45,520 ) Total Stockholders’ Equity 254,592 251,449 Total Liabilities and Stockholders’ Equity $ 375,703 $ 370,326 Phreesia, Inc. Consolidated Statements of Operations (Unaudited) (in thousands, except share and per share data) Three months ended October 31, Nine months ended October 31, 2024 2023 2024 2023 Revenue: Subscription and related services $ 49,363 $ 42,595 $ 144,717 $ 119,783 Payment processing fees 24,704 23,218 77,064 71,102 Network solutions 32,733 25,806 88,351 70,409 Total revenues 106,800 91,619 310,132 261,294 Expenses: Cost of revenue (excluding depreciation and amortization) 17,854 15,529 49,720 44,885 Payment processing expense 16,683 15,410 51,648 47,352 Sales and marketing 30,071 36,478 92,266 111,135 Research and development 29,315 28,544 87,738 82,484 General and administrative 19,633 20,240 58,182 61,105 Depreciation 3,566 4,483 11,011 13,231 Amortization 3,521 2,980 10,052 8,003 Total expenses 120,643 123,664 360,617 368,195 Operating loss (13,843 ) (32,045 ) (50,485 ) (106,901 ) Other expense, net (144 ) (47 ) (261 ) (39 ) Interest income, net 26 523 311 2,027 Total other (expense) income, net (118 ) 476 50 1,988 Loss before provision for income taxes (13,961 ) (31,569 ) (50,435 ) (104,913 ) Provision for income taxes (442 ) (372 ) (1,702 ) (1,326 ) Net loss $ (14,403 ) $ (31,941 ) $ (52,137 ) $ (106,239 ) Net loss per share attributable to common stockholders, basic and diluted $ (0.25 ) $ (0.58 ) $ (0.91 ) $ (1.96 ) Weighted-average common shares outstanding, basic and diluted 57,891,591 55,251,074 57,358,637 54,139,555 (1) Our potential dilutive securities have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted-average number of common shares outstanding used to calculate both basic and diluted net loss per share attributable to common stockholders is the same. Phreesia, Inc. Consolidated Statements of Comprehensive Loss (Unaudited) (in thousands) Three months ended October 31, Nine months ended October 31, 2024 2023 2024 2023 Net loss $ (14,403 ) $ (31,941 ) $ (52,137 ) $ (106,239 ) Other comprehensive loss, net of tax: Change in foreign currency translation adjustments, net of tax (3 ) — (5 ) — Other comprehensive loss, net of tax (3 ) — (5 ) — Comprehensive loss $ (14,406 ) $ (31,941 ) $ (52,142 ) $ (106,239 ) Phreesia, Inc. Consolidated Statements of Cash Flows (Unaudited) (in thousands) Three months ended October 31, Nine months ended October 31, 2024 2023 2024 2023 Operating activities: Net loss $ (14,403 ) $ (31,941 ) $ (52,137 ) $ (106,239 ) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization 7,087 7,463 21,063 21,234 Stock-based compensation expense 16,525 17,963 49,813 53,749 Amortization of deferred financing costs and debt discount 62 84 174 253 Cost of Phreesia hardware purchased by customers 571 582 1,248 1,232 Deferred contract acquisition costs amortization 1,322 235 1,706 855 Non-cash operating lease expense 207 142 568 484 Deferred taxes 57 39 176 181 Changes in operating assets and liabilities: Accounts receivable (10,141 ) (991 ) (6,558 ) (3,361 ) Prepaid expenses and other assets 1,005 (1,530 ) 4,286 (761 ) Deferred contract acquisition costs (552 ) — (765 ) — Accounts payable 6,948 1,189 5,198 (1,226 ) Accrued expenses and other liabilities (3,655 ) 469 (6,202 ) 6,530 Lease liabilities (202 ) (232 ) (622 ) (884 ) Deferred revenue 954 218 (1,823 ) (1,347 ) Net cash provided by (used in) operating activities 5,785 (6,310 ) 16,125 (29,300 ) Investing activities: Acquisitions, net of cash acquired — (10,406 ) — (14,279 ) Capitalized internal-use software (3,566 ) (4,069 ) (11,112 ) (13,889 ) Purchases of property and equipment (616 ) (1,242 ) (5,919 ) (3,344 ) Net cash used in investing activities (4,182 ) (15,717 ) (17,031 ) (31,512 ) Financing activities: Proceeds from issuance of common stock upon exercise of stock options 17 250 583 925 Treasury stock to satisfy tax withholdings on stock compensation awards — (1,451 ) — (12,176 ) Proceeds from employee stock purchase plan 840 919 2,443 2,782 Finance lease payments (1,895 ) (1,729 ) (5,170 ) (5,156 ) Constructive financing — — — 1,688 Principal payments on financing agreements (304 ) (273 ) (888 ) (318 ) Debt issuance costs and loan facility fee payments — — (152 ) (250 ) Financing payments of acquisition-related liabilities (309 ) — (1,673 ) — Net cash used in financing activities (1,651 ) (2,284 ) (4,857 ) (12,505 ) Effect of exchange rate changes on cash and cash equivalents (10 ) — (17 ) — Net decrease in cash and cash equivalents (58 ) (24,311 ) (5,780 ) (73,317 ) Cash and cash equivalents – beginning of period 81,798 127,677 87,520 176,683 Cash and cash equivalents – end of period $ 81,740 $ 103,366 $ 81,740 $ 103,366 Supplemental information of non-cash investing and financing information: Right of use assets acquired in exchange for operating lease liabilities $ — $ 346 $ 1,958 $ 346 Property and equipment acquisitions through finance leases $ 6,847 $ 371 $ 13,709 $ 7,438 Purchase of property and equipment and capitalized software included in current liabilities $ 3,508 $ 2,911 $ 3,508 $ 2,911 Capitalized stock-based compensation $ 343 $ 309 $ 1,006 $ 1,023 Issuance of stock to settle liabilities for stock-based compensation $ 2,853 $ 3,420 $ 10,679 $ 10,641 Issuance of stock as consideration in business combinations $ — $ 30,645 $ — $ 35,321 Deferred consideration liabilities payable in business combinations $ — $ 10,294 $ — $ 10,294 Capitalized software acquired through vendor financing $ — $ — $ — $ 2,047 Cash paid for: Interest $ 595 $ 295 $ 1,459 $ 649 Income taxes $ 549 $ — $ 2,559 $ 48 Non-GAAP Financial Measures This press release and statements made during the above-referenced webcast may include certain non-GAAP financial measures as defined by SEC rules. Adjusted EBITDA is a supplemental measure of our performance that is not required by, or presented in accordance with, GAAP. Adjusted EBITDA is not a measurement of our financial performance under GAAP and should not be considered as an alternative to net income or loss or any other performance measure derived in accordance with GAAP, or as an alternative to cash flows from operating activities as a measure of our liquidity. We define Adjusted EBITDA as net income or loss before interest income, net, provision for income taxes, depreciation and amortization, and before stock-based compensation expense and other expense, net. We have provided below a reconciliation of Adjusted EBITDA to net loss, the most directly comparable GAAP financial measure. We have presented Adjusted EBITDA in this press release and our Quarterly Report on Form 10-Q to be filed after this press release because it is a key measure used by our management and board of directors to understand and evaluate our core operating performance and trends, to prepare and approve our annual budget, and to develop short and long-term operational plans. In particular, we believe that the exclusion of the amounts eliminated in calculating Adjusted EBITDA can provide a useful measure for period-to-period comparisons of our core business. Accordingly, we believe that Adjusted EBITDA provides useful information to investors and others in understanding and evaluating our operating results in the same manner as our management and board of directors. We have not reconciled our Adjusted EBITDA outlook to GAAP Net income (loss) because we do not provide an outlook for GAAP Net income (loss) due to the uncertainty and potential variability of Other (income) expense, net and (Benefit from) provision for income taxes, which are reconciling items between Adjusted EBITDA and GAAP Net income (loss). Because we cannot reasonably predict such items, a reconciliation of the non-GAAP financial measure outlook to the corresponding GAAP measure is not available without unreasonable effort. We caution, however, that such items could have a significant impact on the calculation of GAAP Net income (loss). Our use of Adjusted EBITDA has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of our financial results as reported under GAAP. Some of these limitations are as follows: Because of these and other limitations, you should consider Adjusted EBITDA along with other GAAP-based financial performance measures, including various cash flow metrics, net loss, and our GAAP financial results. The following table presents a reconciliation of Adjusted EBITDA to net loss for each of the periods indicated: Phreesia, Inc. Adjusted EBITDA ( Unaudited) Three months ended October 31, Nine months ended October 31, (in thousands) 2024 2023 2024 2023 Net loss $ (14,403 ) $ (31,941 ) $ (52,137 ) $ (106,239 ) Interest income, net (26 ) (523 ) (311 ) (2,027 ) Provision for income taxes 442 372 1,702 1,326 Depreciation and amortization 7,087 7,463 21,063 21,234 Stock-based compensation expense 16,525 17,963 49,813 53,749 Other expense, net 144 47 261 39 Adjusted EBITDA $ 9,769 $ (6,619 ) $ 20,391 $ (31,918 ) We calculate Free cash flow as Net cash provided by (used in) operating activities less capitalized internal-use software development costs and purchases of property and equipment. Additionally, Free cash flow is a supplemental measure of our performance that is not required by, or presented in accordance with, GAAP. We consider Free cash flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated by our business that can be used for strategic opportunities, including investing in our business, making strategic investments, partnerships and acquisitions and strengthening our financial position. The following table presents a reconciliation of Free cash flow from Net cash provided by (used in) operating activities, the most directly comparable GAAP financial measure, for each of the periods indicated: Phreesia, Inc. Free cash flow ( Unaudited) Three months ended October 31, Nine months ended October 31, (in thousands, unaudited) 2024 2023 2024 2023 Net cash provided by (used in) operating activities $ 5,785 $ (6,310 ) $ 16,125 $ (29,300 ) Less: Capitalized internal-use software (3,566 ) (4,069 ) (11,112 ) (13,889 ) Purchases of property and equipment (616 ) (1,242 ) (5,919 ) (3,344 ) Free cash flow $ 1,603 $ (11,621 ) $ (906 ) $ (46,533 ) Phreesia, Inc. Reconciliation of GAAP and Adjusted Operating Expenses (Unaudited) Three months ended October 31, Nine months ended October 31, (in thousands) 2024 2023 2024 2023 GAAP operating expenses General and administrative $ 19,633 $ 20,240 $ 58,182 $ 61,105 Sales and marketing 30,071 36,478 92,266 111,135 Research and development 29,315 28,544 87,738 82,484 Cost of revenue (excluding depreciation and amortization) 17,854 15,529 49,720 44,885 $ 96,873 $ 100,791 $ 287,906 $ 299,609 Stock compensation included in GAAP operating expenses General and administrative $ 6,049 $ 5,798 $ 18,534 $ 17,423 Sales and marketing 5,431 6,322 16,500 19,850 Research and development 3,793 4,561 11,049 13,002 Cost of revenue (excluding depreciation and amortization) 1,252 1,282 3,730 3,474 $ 16,525 $ 17,963 $ 49,813 $ 53,749 Adjusted operating expenses General and administrative $ 13,584 $ 14,442 $ 39,648 $ 43,682 Sales and marketing 24,640 30,156 75,766 91,285 Research and development 25,522 23,983 76,689 69,482 Cost of revenue (excluding depreciation and amortization) 16,602 14,247 45,990 41,411 $ 80,348 $ 82,828 $ 238,093 $ 245,860 Phreesia, Inc. Key Metrics (Unaudited) Three months ended October 31, Nine months ended October 31, 2024 2023 2024 2023 Key Metrics: Average number of healthcare services clients ("AHSCs") 4,237 3,688 4,157 3,481 Healthcare services revenue per AHSC $ 17,481 $ 17,845 $ 53,351 $ 54,836 Total revenue per AHSC $ 25,207 $ 24,842 $ 74,605 $ 75,063 The definitions of our key metrics are presented below. Additional Information (Unaudited) Three months ended October 31, Nine months ended October 31, 2024 2023 2024 2023 Patient payment volume (in millions) $ 1,081 $ 965 $ 3,340 $ 2,970 Payment facilitator volume percentage 81 % 82 % 81 % 82 % ______________________________ 1 Adjusted EBITDA is a non-GAAP measure. We define Adjusted EBITDA as net income or loss before interest income, net, provision for income taxes, depreciation and amortization, and before stock-based compensation expense and other expense, net. See “Non-GAAP Financial Measures” for a reconciliation of Adjusted EBITDA to the closest GAAP measure. 2 Free cash flow is a non-GAAP measure. We define Free cash flow as net cash provided by (used in) operating activities less capitalized internal-use software development costs and purchases of property and equipment. See “Non-GAAP Financial Measures” for a reconciliation of Free cash flow to the closest GAAP measure. 3 We define “profitability,” discussed herein, in terms of Adjusted EBITDA, a non-GAAP financial measure. See ‘Non-GAAP Financial Measures’ for a definition of Adjusted EBITDA and a reconciliation of our Adjusted EBITDA to Net loss, the closest GAAP measure. View source version on businesswire.com : https://www.businesswire.com/news/home/20241209683231/en/ CONTACT: Investor Relations Contact:Balaji Gandhi Phreesia, Inc. investors@phreesia.com (929) 506-4950Media Contact:Nicole Gist Phreesia, Inc. nicole.gist@phreesia.com (407) 760-6274 KEYWORD: DELAWARE UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SCIENCE SOFTWARE PRACTICE MANAGEMENT RESEARCH HEALTH HOSPITALS HEALTH TECHNOLOGY TECHNOLOGY SOURCE: Phreesia, Inc. Copyright Business Wire 2024. PUB: 12/09/2024 04:05 PM/DISC: 12/09/2024 04:05 PM http://www.businesswire.com/news/home/20241209683231/en
Welcome to the online version of From the Politics Desk , an evening newsletter that brings you the NBC News Politics team’s latest reporting and analysis from the White House, Capitol Hill and the campaign trail. In today’s edition, two of our Capitol Hill experts, Sahil Kapur and Frank Thorp V, break down the key senators to watch in the confirmation battles over Donald Trump's Cabinet. Plus, national political correspondent Steve Kornacki takes a break from election data to dive into the polling around what Americans plan to serve at Thanksgiving this year. Programming note: From the Politics Desk is taking a holiday break the rest of the week. We’ll be back in your inbox on Monday, Dec. 2. Have a happy Thanksgiving! Sign up to receive this newsletter in your inbox every weekday here. The key senators to watch in the fight over Trump’s Cabinet By Sahil Kapur and Frank Thorp V President-elect Donald Trump is poised to kick off his second term by sending the Senate an unconventional slate of nominees for powerful executive branch positions, seeing his 2024 victory as validation of a voter desire for disruption. But how much disruption will America’s “ cooling saucer ” tolerate? The Senate will be split 53-47 in favor of the Republicans next year, meaning they can lose no more than three votes to confirm nominees without requiring some bipartisan support. A 50-50 tie can be broken by Vice President-elect JD Vance. Here are the key senators to watch in the nomination battles. Sen. Susan Collins, R-Maine: The five-term centrist intends to run for re-election in 2026 after Trump lost her state by 7 points. Trump’s Cabinet picks present an opening for Collins to further demonstrate her independent streak if she chooses to vote against some of Trump’s more controversial picks. Sen. Lisa Murkowski, R-Alaska: The moderate has already shown a willingness to be outspoken on Trump’s Cabinet picks, dismissing Matt Gaetz as an unserious choice for attorney general before he withdrew from consideration. Murkowski is also a rare Republican who supports bringing back the abortion rights protections included in Roe v. Wade, which could play a role in health care-related positions. Sen. Mitch McConnell, R-Ky.: McConnell is the ultimate free agent as he relinquishes the job of Senate Republican leader after a record 18 years. His quarrels and disagreements with Trump are well documented. As GOP leader, McConnell’s style was usually to read the political winds within his party and follow them. Now, he doesn’t have to. The Cabinet nominees could be an opportunity for him to flex his muscle and use his vote to shape Trump’s agenda. Sen. Thom Tillis, R-N.C.: Tillis faces re-election in 2026 after winning his first two elections by less than 2 points. He’ll need to balance appealing to a general electorate in a purple state with securing renomination from a GOP base that has shown a willingness to veer to the right. Sen. John Fetterman, D-Pa.: Fetterman has also carved out a unique identity by breaking with his party’s left — through his unrelenting support of Israel despite the civilian casualties caused by its military campaign in Gaza and his remark that Democrats “lost ourselves” when it came to key issues like immigration. In a party that’s currently doing some soul-searching, his voice could play a major role in that conversation for Democrats. Also on the list: Sen. John Thune, R-S.D.; Sen. Bill Cassidy, R-La.; Sen.-elect John Curtis, R-Utah; and Sen. Jon Ossoff, D-Ga. Read more from Sahil and Frank → What Americans will be feasting on this Thanksgiving By Steve Kornacki It turns out there’s still something out there that can transcend the country’s deep political and cultural divides and bring Americans together: a big old Butterball. A new Economist/YouGov poll finds that 67% of Americans who will celebrate Thanksgiving this week plan to have turkey on their plates. And, in a refreshing break from every single political poll during the presidential campaign, the crosstabs in this survey find nothing but consensus on this meal choice. * There’s no gender gap: 69% of men and 66% of women say they’ll be feasting on turkey. * Nor is there a racial gap: 69% of white and Hispanic Americans will have turkey, as will 68% of African Americans. * And there’s not even a meaningful partisan divide: 73% of Republicans and 67% of Democrats say turkey will be part of their meal. Of course, Thanksgiving typically involves stuffing yourself silly with more than just turkey. And there are five other dishes that lesser majorities of Americans report they will also be noshing on. * Mashed potatoes: 56% * Bread or rolls: 55% * Pie: 54% * Gravy: 51% * Stuffing: 51% Curiously, when it comes to these items, some small partisan fissures do begin to emerge. Sixty-five percent of Republicans will have mashed potatoes, while only 50% of Democrats plan to. And gravy will be served to 59% of Republicans and only 46% of Democrats. Why the tastes of partisans would diverge at all on these two foods is, alas, beyond our remit. As for what’ll make up the rest of Americans’ Turkey Day menus, there’s plenty of variety, but no consensus: * Green beans: 40% * Sweet potatoes: 39% * Cranberry sauce: 38% * Corn: 33% * Macaroni and cheese: 27% * Ham: 26% * Brussel sprouts: 10% And then there’s what may be the most puzzling group of Americans — the 2% who say they will be having Thanksgiving meals but wouldn’t include a single one of the foods listed above. Maybe the pollsters should have added turducken to the list? That’s all from the Politics Desk for now. If you have feedback — likes or dislikes — email us at politicsnewsletter@nbcuni.com And if you’re a fan, please share with everyone and anyone. They can sign up here .LOS ANGELES — After another loss, this one of the 37-20 variety to the Philadelphia Eagles , Rams head coach Sean McVay was once again asked about his offense’s third-down conversion rate. It’s been a recurring issue for the Rams (5-6) this season, especially in the previous three games in which the Rams failed to convert more than 25% of their attempts on third downs. But Sunday marked a new low, as the Rams went 0-for-8, their first time failing to convert a single third down all season. “There’s a lot of different reasons. It wasn’t one thing in particular,” McVay said. “But that hasn’t been successful enough. It’s been an area that we have to be better at, no doubt about it.” The Rams rank 31st in the NFL, ahead of only Cleveland, in third-down conversion percentage with a 31.71% mark. They are similarly 31st in estimated points added (EPA) on third downs at -0.287 per play. The Rams actually have a respectable success rate when running the ball on third down at 54.5%. But they aren’t getting into enough and-short situations to justify handoffs on third downs, as evidenced by Sunday’s performance. The Rams lined up for 11 third downs on Sunday, though three were nullified by penalty. They faced an average distance of 9.4 yards on those plays. This number is slightly inflated by two 10-yard penalties committed by the Rams on third downs; as far as what distance the Rams had earned through their work on first and second downs, the number is 7.9 yards. On their eight third-down plays that were allowed to stand, the Rams ran seven pass plays and one run, a white-flag handoff on third-and-13 that gained 8 yards. On the seven drop backs, quarterback Matthew Stafford completed 2 of 4 passes for 10 yards while being sacked three times, all on to-go distances of 9 or greater yards in which Philadelphia’s pass rushers knew what was coming. “We didn’t put ourselves in a lot of favorable ones today,” Stafford said. “You don’t do that against that defense, it’s going to be difficult. No doubt there are some that we can convert on, look back on but it takes great execution by everybody to convert on third down. We just gotta do a better job.” The Rams actually did move the sticks after one third down, a third-and-16, but did not get credit for it in the stat book because it came via a Philadelphia pass interference penalty. So then, what did the Rams do to put themselves in these unfavorable situations? Let’s take a look at the first and second downs in the second quarter or later, given the Rams did not reach third down until the second quarter. The Rams ran the ball 10 times and dialed up 24 drop backs on first and second downs after the first quarter; given the nature of the blowout loss, the imbalance in play calls is not surprising. On the 10 carries, the Rams managed 23 yards and allowed three tackles for loss. Stafford was also sacked twice while completing 14 of 22 attempts. And this is where inconsistent execution in the run game is hurting the Rams, a team that wants to power the ball down defenses’ throats using their big bodies on the line and duo blocking. The Rams have made a heavy investment in this aspect of the team over the last two years. The second-round pick spent on guard Steve Avila. Big contracts paid to interior linemen Kevin Dotson and Jonah Jackson. The addition of Blake Corum in the third round in April to take some of the load off starting back Kyren Williams. Related Articles Los Angeles Rams | Alexander: Rams-Eagles was Saquon Barkley’s show Los Angeles Rams | Rams running out of time to fix offense after loss to Eagles Los Angeles Rams | Rams prepare for primetime Eagles game as NFC West heats up Los Angeles Rams | Philadelphia Eagles at Rams: Who has the edge? Los Angeles Rams | Rams’ ultra-competitive pass rush thrives working ‘five as one’ But 11 games into the season, injuries and shuffling rotations along the offensive line have made that goal difficult to achieve. But that doesn’t stop the Rams in believing it can still be their identity. “I think we know what we’re really about and how to get where we want to get. I think we’ll lean a little bit more on the run,” Dotson said in the post-game locker room Sunday. “I feel like our run game is a little I guess underrated. I feel like we run it pretty good when we actually get it all set. It’s just the matter of fact of getting ourselves in situations where running is better.” “When you’re looking at a lot of third-and-longs and the opportunity for a rush to kind of play with their hair set on fire, it definitely presents a lot of difficulties for anybody in this league,” receiver Puka Nacua added. “It’s the physical game of football that has been playing for a long time and it starts in the trenches and being able to make sure that we can protect our back and not allowing safeties to kind of cap off on some of our hits and stuff like that, being able to get to that second level with a great push.”
Fujikura's Ventus Velocore+ Blue was never going to be an only child for very long, and VeloCore+ Red and Black are making waves. Jeffrey Westbrook Fujikura’s Ventus Velocore+ Blue was never going to be an only child for very long. Early success and acceptance on Tour — Scottie Scheffler swears by the shaft — eventually gave way to the introduction of two new profiles that are already making waves: VeloCore+ Red and Black ($350 each). Arguably the most popular driver and fairway wood shaft in the marketplace, Ventus’ newest profiles aim to benefit golfers who require specific launch and spin windows. The Red is designed for golfers looking to add height through a stable spin profile, while the Black is geared for faster swing speeds seeking a robust low launch and spin package. While the profiles are decidedly different, both incorporate Fujikura’s proprietary VeloCore+ technology, which promotes greater energy transfer through a multi-material bias core leading to more consistent ball speeds and center-face contact without sacrificing accuracy and control. Want to overhaul your bag for 2025? Find a fitting location near you at True Spec Golf Latest In Gear Golf.comDonald Trump’s January 6 charges ‘to be dropped’ as prosecutor files motion to dismiss case against President-electNorris defies orders to help Piastri and Verstappen loses the Qatar pole to Russell
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NoneLyon will seek to ignore off-field concerns and continue their excellent form on the pitch when they make the long trip to Azerbaijan to face Qarabag FK in the Europa League on Thursday. The French giants were handed a provisional relegation to Ligue 2 just over a week ago, and must pay off their debts by the end of the season to avoid being demoted. In the first game since Lyon were handed their punishment, Pierre Sage 's side continued their fine form, drawing 1-1 with a strong Reims side to extend their unbeaten domestic run to seven matches, keeping them within touching distance of the top four . Results on the continent have also been impressive, barring a 1-0 home defeat to Besiktas on matchday three - their only defeat in 11 across all competitions. Especially on the road in the Europa League, Lyon have been superb, now having gone nine games unbeaten in the competition - winning seven. OL should have made it three wins from their opening four games though, after only drawing 2-2 with Hoffenheim last time out, considering they took the lead on 92 minutes 52 seconds - the latest a team has gone ahead but failed to win in the competition's history. Dropping five points in their last two matches in the Europa League has seen them drop out of the top eight for the time being, but a positive result here will see them rise up from ninth. This will be Lyon's first ever meeting against Azerbaijani opponents in any European competition, but the visitors will hope they can extend Qarabag's dismal run against French clubs in Europe. The Azeri champions have won just one of their 10 all-time meetings with clubs from France, but that was in their most recent - versus Nantes in 2022. Qurban Qurbanov 's men had made a dismal start after three games, with no points and just one goal, also losing 3-0 to 10-man Tottenham Hotspur on matchday one. They put things right last time out though, with a surprise win away to Bodo/Glimt, becoming just the fifth team to claim victory there in 32 matches against the Norwegian champions. It is at home where Qarabag have had most of their difficulties, with defeats already against Ajax and Malmo worsening a run of form that has seen them win just five of their 28 home games in the Europa League. Qarabag are still up against it despite their matchday four win, only one point off the qualifying places down in 29th, but they will likely need to pick up at least seven points in games versus Lyon, Elfsborg, FCSB and Olympiacos, which is possible, but looks unlikely at this stage. Qarabag can now call upon former first-choice goalkeeper Shahruddin Mahammadaliyev after a long absence, joining Fabijan Buntic and Mateusz Kochalski as the potential options to start between the sticks. Amin Ramazanov remains out, but the hosts can welcome back both Julio Romao and Elvin Cafarquliyev from suspension, after they sat out the win over Bodo/Glimt following red cards against Ajax. Juninho will be the man to watch up front for the hosts, with seven goals in Europe so far this season, and he found the net again at the weekend in the 3-0 win over Sabail. Duje Caleta-Car and Nicolas Tagliafico should both return for Lyon after Sage allowed them the weekend off against Reims so they could rest following international duty. Malick Fofana was also a surprise absentee, being left on the bench with Said Benrahma and Ernest Nuamah getting the nod ahead of him, but the in-form Belgian should retake his place in the team here. Gift Orban remains out of the picture at Lyon, and now looks likely to be one of the players who will be moved on in January to ensure the club can cover the debts and avoid demotion to Ligue 2. Qarabag FK possible starting lineup: Kochalski; Bayramov, B Huseynov, Medina, Cafarquliyev; Patrick Andrade, Romao; Kashchuk, Zoubir, Benzia; Juninho Lyon possible starting lineup: Descamps; Kumbedi, Clinton Mata, Caleta-Car, Abner; Tessmann, Omari, Caqueret; Mikautadze, Lacazette, Fofana It is not easy making such a long trip away in Europe, but even with conditions and the weather set to be challenging, Lyon should be able to continue their fine form here and return to winning ways in this competition. Qarabag are surprisingly poor at home in the Europa League, with just five wins in Baku in their history, and despite a surprise win on matchday four, this will be a tougher test. For data analysis of the most likely results, scorelines and more for this match please click here .
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Southwest Airlines says it is ending its cabin service earlier on its flights starting next month. Beginning on Dec. 4, a company spokesperson said, flight attendants will begin preparing the cabin for landing at an altitude of 18,000 feet (5,486 meters) instead of 10,000 feet (3,048 meters). The change in procedure is designed to “reduce the risk of in-flight turbulence injuries” for crew members and passengers, the company said. For passengers, that means they will need to do the usual pre-landing procedures — such as ensuring their seatbelts are fastened and returning their seats to an upright position — earlier than before. While turbulence-related fatalities are quite rare, injuries have piled up over the years. More than one-third of all airline incidents in the United States from 2009 through 2018 were related to turbulence, and most of them resulted in one or more serious injuries but no damage to the plane, the National Transportation Safety Board reported . In May, a 73-year old man died on board a Singapore Airlines flight when the plane hit severe turbulence over the Indian Ocean. The airline had also previously announced other changes. Starting next year, Southwest will toss out a half-century tradition of “open seating” — passengers picking their own seats after boarding the plane.Eraaya Lifespaces Announces Stock Split; Sets Record Date For December 6
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Europeans must be ready to sacrifice some “luxuries” to pay to support Ukraine and to prevent a “wartime scenario” coming to the nations of the continent if they are insufficiently prepared, NATO’s most senior military officer said in a speech namechecking both Russia and China as threats. NATO’s Admiral Rob Bauer, the Dutch naval officer who is chair of the NATO Military Committee addressed a conference of the European Policy Centre think tank on Monday, and while asserting the alliance is more ready now “than it has ever been”, delivered a somewhat pessimistic message of the need for preparedness for conflict. In a speech aimed at businesses across the alliance, the Admiral outlined that businesses had to be ready for war, but by improving their readiness they also reduced the likelihood of future fighting by improving NATO’s level of deterrence. The scale of spending needed to keep the peace in Europe is such that ordinary people would feel the pinch in the pocketbook, Admiral Bauer said, calling on politicians to provide strong leadership to make the case this is necessary to voters. He said: “if you ramp up your deterrence and if you ramp up support to Ukraine, there will be less money to spend on other things. It will take away some of our luxuries, it will require sacrifice.” Also implied is the extra cost on businesses, making a shift away from efficient, cost-cutting but fragile ‘just in time’ models to more robust practices to make businesses in America and Europe more insulated to shock. This itself increases the deterrence of NATO to its adversaries, he said, because knowing Western economies can’t be knocked over by the hybrid warfare of a sudden supply shock denies that weapon to those who would weaponise trade. While the present adversary is Russia, wise economies would also be seeking to reduce their dependence on China, Admiral Bauer said, reminding listeners that the vast majority of strategic imports like rare earth minerals and essential medicines are made there. He said: [Euro and American businesses should ask themselves] is my company or organisation ready for war? What can my company or organisation do to prevent war? That question might surprise some people, but if we can ensure that all goods and services can be delivered no matter what, then that is a key part of our deterrence... when it comes to great power competition all instruments of power can and will be used, we are seeing that in a growing number of sabotage acts. And Europe has seen that with energy supply. We thought we had a deal with Gazprom, but we actually had a deal with Mr Putin. The same goes for Chinese-owned infrastructure and goods, we actually have a deal with Xi... we are naïve if we think the Communist Party will never use that power Businesses need to “be prepared for a wartime scenario”, Admiral Bauer told the conference, intoning that war and preventing war is a “whole-of-society event”, stating: “while it may be the military that wins battles, it is the economy which wins wars”. While the warnings to Western societies are stark, they comments are not out of character for Admiral Bauer who as the top military officer inside the NATO alliance headquarters works to improve the readiness and deterrence of the signatory states. Part of this push, he has explained, is about rebalancing the alliance so European countries contribute more to their own defence. Breitbart reported in January when Admiral Bauer spoke not on the responsibility of businesses to contribute to the total defence but of individuals. again speaking of the “whole-of-society” event of a major war, he said the era where Western-fought wars are remote from civilian life is over. As reported then: A visibly agitated Baurer responded to one journalist accusing military leaders of attempting to frighten the public with their announcements, the press writer citing a Swedish general telling the public that war is coming and they should be ready for it had led to “panic buying” of self-preparedness items. Bauer said if the public are “surprised” to suddenly discover they are to be part of a whole-of-society effort to repel Russian aggression then “that’s great”. The admiral responded to the question that this shock could spur individuals to become more prepared. He said in remarks likely meant for the public: “the people, they have to understand they play a role. Society is part of the solution... you need to have water, you need to have a radio on batteries, you need to have a flashlight with batteries to make sure you can survive the first 36 hours. Things like that, that’s simple things but it starts there.” “I’m not going to say everything is going to go wrong tomorrow, but we have to realise it is not a given that we are in peace”, the NATO military boss said, saying there had to be a wider societal realisation that: “not everything is plannable, not everything is going to be hunky-dory for the next 20 years.” While Admiral Bauer’s statements may seem alarming, others yet shout louder about the possibility of wider war coming to Europe. Poland, which would very much be in the firing line should Russia decide their Ukraine war had gone so well they’d try it again somewhere else, has been first among NATO nations in this regard, with the head of their National Security Bureau saying in December Europe has just three years to get ready. This is the time Russia needs “to reconstitute its army”, he said, expressing the Polish view that if NATO is to successfully deter further Russian aggression it had to be able to show it could stand up to another invasion quickly. Professor Katarzyna Pisarska of the Warsaw Security Forum also spoke to these points, articulating Admiral Bauer’s assertion that Europe would have to sacrifice some luxuries to fund its militaries to transform them into credible forces that Russia would not care to confront. She said “this lifestyle, the focus on the welfare state, on prosperity under the American protective umbrella” may become unsustainable under the cost burden of keeping freedom free, and told a German newspaper: When do preparations for this scenario need to begin? They should have started yesterday... We can, like Emmanuel Macron, speak of “European autonomy”. But what does that mean? Can France station 10,000 soldiers in Poland tomorrow? Can Germany effectively defend NATO’s eastern flank? Credible deterrence is needed. We currently only have that with the Americans.