Delhi minister Saurabh Bharadwaj stirred controversy by alleging an attempt to set fire to AAP leader Arvind Kejriwal during his Padyatra campaign. This accusation, which involves a man reportedly linked to the BJP, adds fuel to the ongoing political tensions between the parties. Bharadwaj claimed the attacker, who carried spirit and a matchbox, attempted to harm Kejriwal but was thwarted by alert volunteers. The BJP, led by Delhi unit president Virendra Sachdeva, dismissed the allegations as a fabricated tactic by the AAP. Amidst the accusations, Bharadwaj criticized the law-and-order situation under BJP's governance, attributing growing violence in Delhi to their leadership. However, the Delhi Police, under the Union Home Ministry, maintains that only water was thrown at Kejriwal. (With inputs from agencies.)
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TEHRAN- Iranian film “Ahmad,” directed by Amir Abbas Rabiei, has been removed from screening at the 5th Muslim International Film Festival (MIFF) in Toronto, Canada. The film recounts the untold story of the first 18 hours following the devastating 2003 Bam earthquake in Kerman province, highlighting a heroic action by the late Army Brigadier General Ahmad Kazemi. It was scheduled to be screened on Saturday. This decision came after interference from opposition media and a protest by Canadian MP Kevin Vuong, who described the showcasing of a film honoring an IRGC commander as "abhorrent." Due to this pressure, the festival organizers quickly excluded the film from their lineup. The Canadian government designated the IRGC as a terrorist entity in July. This classification allows law enforcement to charge anyone who provides financial or material support to the IRGC, and banks are authorized to freeze its assets. In addition to “Ahmad,” six other short Iranian films are being screened in various sections of the festival, which will run until December 3. One of the most notable soldiers in the 1980-1988 Iran-Iraq war, Ahmad Kazemi (1958-2006) mobilized the IRGC AF fleet to rescue the Bam earthquake victims by preparing the Bam Airport in such a way that, a plane and a helicopter flew in every 13 minutes and a total of 30,000 wounded were moved by the IRGC AF fleet. As the Iran–Iraq war began, Kazemi joined the war with a 50-member group in Abadan fronts and began fighting with Iraq. Direct presence at the front-line led to injuries to his leg, hands, and back. After the end of the war, he attended the university and got a BA in geography and a master's degree in management and defense spending. He made his doctoral studies in the field of national defense. Kazemi was appointed to the Air Forces of the Army of the Guardians of the Islamic Revolution (IRGC AF) Commander in 2000. He was appointed as Commander of the Ground Forces of the Islamic Revolutionary Guard Corps in 2005 by the Leader of the Islamic Revolution Ayatollah Ali Khamenei. During his tenure in the IRGC Air Force, Kazemi took effective measures to improve the quality of the air force in terms of organization and structure, and for the first time equipped the IRGC AF with close air support Sukhoi Su-25 aircraft, and equipped the IRGC AF helicopter organization with purchased Mil Mi-17 helicopters. He was killed when the Dassault Falcon 20 plane that was carrying him, alongside 10 other occupants, crashed near Urmia. The plane crash-landed in a field in poor weather conditions. Reports indicate that the crew did not get three greens after selecting the gear down while on approach to Urmia Airport. A fly-past was done so the control tower could observe the status of the landing gear. While circling the airplane suffered a double engine flame-out, reportedly as a result of engine icing. An emergency landing was attempted in a field, but the plane crashed. SAB/
The first contract Jackie Robinson signed with Brooklyn Dodgers President Branch Rickey on Oct. 23, 1945, was an agreement to play for the Montreal Royals, the Dodgers' top farm club. The deal included a $3,500 signing bonus and $600 per month for the 1946 season. Less than two years later, on April 11, 1947, Robinson signed his first major league contract with Rickey and National League President Ford Frick. He was paid $5,000 for the season. What happened next is well-documented and celebrated annually. Five days after signing, Robinson made history as the first Black player to compete in Major League Baseball, breaking the color barrier. The Dodgers' second baseman was named Rookie of the Year and, two years later, National League Most Valuable Player. He batted .313 over 11 seasons, was inducted into the Hall of Fame in 1962 and had his No. 42 retired across baseball in 1997. But what became of the contracts? Sports memorabilia can fetch millions today, and experts say Robinson’s original contracts could surpass the value of Shohei Ohtani’s 50/50 home run ball, Freddie Freeman’s World Series Game 1 walk-off grand slam ball or any high-end Babe Ruth artifacts auctioned for seven figures. After decades of uncertainty, Robinson’s contracts from 1945 and 1947 are safely under lock and key. They have been held by the U.S. Marshals Service since 2019 as part of an investment fraud investigation and prosecution. Mykalai Kontilai, a broadcast executive who in 2013 launched a sports memorabilia business called Collector’s Coffee by acquiring and showcasing the Robinson contracts, pleaded guilty last month to one count of mail fraud. He was sentenced last week to 51 months in prison and ordered to pay $6.1 million in restitution to investors he swindled. Those investors, referred to as “the Holders” in court documents, provided Kontilai with loans using the Robinson contracts as collateral. Kontilai raised more than $23 million before defaulting on the loans. Kontilai, 55, obstructed the investigation by forging documents sent to the Securities and Exchange Commission and lying under oath to the SEC. While under investigation but prior to being charged, he fled to Russia, unsuccessfully seeking asylum as a whistleblower of American corruption. He was arrested on an Interpol Red Notice in Germany in 2023 and extradited to the U.S. in May. Kontilai was found guilty of misappropriating funds, reportedly buying a Cadillac, paying for private school tuition and covering rent on luxury homes across the country, all while misleading investigators and failing to pay taxes on the scheme's proceeds. “Collectors Coffee and Kontilai, its CEO, repeatedly lied to investors to raise money for the company - money which Kontilai routinely stole to fund his lavish lifestyle,” Gurbir S. Grewal, director of the SEC’s Division of Enforcement, said in a statement last year. “Investors should be able to trust those to whom they give their hard-earned money and not worry that those people will lie, cheat and steal.” The Robinson contracts remain in limbo. A resolution may be near, with the philanthropic Jackie Robinson Foundation and the Holders likely sharing the proceeds. “I hope they could do that,” said David Kohler, president of high-end sports memorabilia house SCP Auctions in Orange County. “The proceeds would go to pay back people who were scammed. That seems like the right thing to do.” Kohler estimated what the contracts might fetch at auction and identified a potential buyer. “I’d say they’d probably go for $5 million and up at auction,” he said. “They reach beyond the game of baseball. They are important 20th-century American artifacts central to the civil rights movement. “I sometimes wonder, when it comes to historical items, why don’t the teams buy them? They’d be worth more to their team than to collectors.” Indeed, the Dodgers attempted to claim the contracts, asserting in a January 2019 letter to Collector’s Coffee that “(t)he property is owned by the Dodgers and is not property of (Collector’s Coffee, Inc.).” Later that year, however, the Dodgers relinquished their ownership claim to the Jackie Robinson Foundation. According to court filings, a potential settlement would grant the Jackie Robinson Foundation the 1947 Dodgers contract, while the Holders would receive the 1945 Montreal Royals contract. The Holders would also get an undisclosed portion of the value of the 1947 contract. The SEC would receive a small share. Kohler noted the Dodgers contract is more valuable than the Royals contract. When the distribution is approved, it could conclude the extraordinary journey of the contracts from Rickey’s desk in the 1940s to potential auctions the Holders hope will cover their losses. Before sports memorabilia became a million-dollar business, Rickey and Dodgers owner Walter O’Malley provided the contracts to the James A. Kelly Institute for Local Historical Studies in Brooklyn for a 1952 exhibition. The contracts remained in the institute’s basement for decades alongside nearly 4 million other documents chronicling Brooklyn’s history. The New York Daily News in 1974 reported the institute's move to St. Francis College in Brooklyn Heights, noting the historical documents included the “bill of sale for Coney Island in 1654” and Robinson’s original contracts. A 1979 Daily News story also mentioned the contracts, yet the Dodgers made no effort to claim them. The institute’s director, St. Francis professor Arthur J. Konop, left a letter with a key to a safe deposit box before his death in 2009, stating, “My kids will know what to do with this.” Three years later, Konop’s wife and son sold the contracts to Gotta Have It Collectibles for $750,000. Odette Konop signed a letter warranting title, stating, “My husband possessed these contracts in a safe deposit box at our home for over 45 years. ... He cared for them and protected them over half his life until his passing.” Gotta Have It sold the contracts a year later for $2 million to Kontilai, who used them as collateral for $6 million in loans. Kontilai used the contracts to bolster his memorabilia business, hosting events in Philadelphia’s Constitution Center and New York’s Times Square. He enlisted expert Seth Kaller, who valued the contracts at $36 million, before spending investors' money. When the SEC began investigating in 2017, Kontilai forged documents, lied under oath and obstructed the case. After three years, he was indicted in Nevada on 18 counts, including securities fraud, wire fraud, money laundering and failure to file tax returns. He faced additional charges in Colorado, but those were dropped when he pleaded guilty to one count of wire fraud. The Jackie Robinson Foundation, established in 1973 by Robinson’s widow Rachel Robinson, may soon gain partial ownership of the contracts. The nonprofit administers scholarship and leadership programs for college students and was central to creating the Jackie Robinson Museum, which opened in 2022 in New York City. “Even if you come in with the idea to see the baseball story and learn more about that, you have to walk through that room that talks about his commitment to economic opportunity and civil rights and social justice,” Della Britton, president and CEO of the Jackie Robinson Foundation, told The Times in 2022. In one museum room, Robinson’s life roles are displayed in large capital letters: SOLDIER, CAMPAIGNER, PUBLIC SERVANT, ACTIVIST, FUNDRAISER, ORGANIZER, PROTESTER, ENTREPRENEUR, CITIZEN and more. Also displayed are framed copies of the contracts from 1945 and 1947. The originals, however, remain under federal custody until a court approves their new ownership and an auction determines their monetary value.WASHINGTON (AP) — President-elect Donald Trump on Thursday voiced his support for the dockworkers union before their contract expires next month at Eastern and Gulf Coast ports, saying that any further “automation” of the ports would harm workers. The incoming president posted on social media that he met Harold Daggett, the president of the International Longshoreman's Association, and Dennis Daggett, the union's executive vice president. “I’ve studied automation, and know just about everything there is to know about it,” Trump posted. “The amount of money saved is nowhere near the distress, hurt, and harm it causes for American Workers, in this case, our Longshoremen. Foreign companies have made a fortune in the U.S. by giving them access to our markets. They shouldn’t be looking for every last penny knowing how many families are hurt.” The International Longshoremen’s Association has until Jan. 15 to negotiate a new contract with the U.S. Maritime Alliance, which represents ports and shipping companies. At the heart of the dispute is whether ports can install automated gates, cranes and container-moving trucks that could make it faster to unload and load ships. The union argues that automation would lead to fewer jobs, even though higher levels of productivity could do more to boost the salaries of remaining workers. The Maritime Alliance said in a statement that the contract goes beyond ports to “supporting American consumers and giving American businesses access to the global marketplace – from farmers, to manufacturers, to small businesses, and innovative start-ups looking for new markets to sell their products.” “To achieve this, we need modern technology that is proven to improve worker safety, boost port efficiency, increase port capacity, and strengthen our supply chains,” said the alliance, adding that it looks forward to working with Trump. In October, the union representing 45,000 dockworkers went on strike for three days, raising the risk that a prolonged shutdown could push up inflation by making it difficult to unload container ships and export American products overseas. The issue pits an incoming president who won November's election on the promise of bringing down prices against commitments to support blue-collar workers along with the kinds of advanced technology that drew him support from Silicon Valley elite such as billionaire Elon Musk. Trump sought to portray the dispute as being between U.S. workers and foreign companies, but advanced ports are also key for staying globally competitive. China is opening a $1.3 billion port in Peru that could accommodate ships too large for the Panama Canal. There is a risk that shippers could move to other ports, which could also lead to job losses. Mexico is constructing a port that is highly automated, while Dubai, Singapore and Rotterdam already have more advanced ports. Instead, Trump said that ports and shipping companies should eschew “machinery, which is expensive, and which will constantly have to be replaced.” “For the great privilege of accessing our markets, these foreign companies should hire our incredible American Workers, instead of laying them off, and sending those profits back to foreign countries,” Trump posted. “It is time to put AMERICA FIRST!” ___ Josh Boak, The Associated Press
Super Micro report finds 'no evidence of misconduct'Both Russian and Ukrainian officials have criticized each other for providing misleading information about casualties. Russian authorities have consistently downplayed the number of their military personnel killed or injured in the conflict, while accusing Ukraine of exaggerating their own losses. Ukrainian officials, on the other hand, have accused Russia of underreporting casualties in an attempt to mask the true extent of their involvement in the conflict.How cooking lessons have brought Rangers' players to boil ahead of Celtic cup final
CONAKRY, Guinea (AP) — Chaos erupted at a soccer game in Guinea after fans protested a referee’s call and thousands of panicked spectators tried to flee the stadium, leaving at least 56 people dead in the West African nation, officials and witnesses said Monday. Amid the confusion, security forces used tear gas, local news website Media Guinea reported. Many of the dead were crushed as they tried to escape through the stadium gates, a journalist covering the game for a local sports website told The Associated Press. “The gates, that’s where the stampede happened,” said Cissé Lancine, who got away by climbing over one of the stadium walls. “I was saved because I did not rush towards the exit." The world's latest sports crowd disaster unfurled Sunday in the second-largest city in a military-run nation where information is sparse and government-controlled at the best of times. It was not immediately clear how much the death toll could grow. Lancine said between 20,000 and 30,000 people were present at the Third of April stadium to watch the local Labe and Nzerekore teams compete in the final of the first national tournament honoring military leader Mamadi Doumbouya. Checkpoints were set up Monday throughout Nzerekore, a city of about 200,000 that was at a standstill as soldiers guarded the hospital where victims were being treated. Most shops were closed. Video, apparently from the scene, showed shouting fans protesting the refereeing. People ran as they tried to escape the stadium, many of them jumping the high fence. “Supporters threw stones. This is why the security services used tear gas,” reported Media Guinea, which also wrote that several of the dead were children and some of the injured were in critical condition. The footage showed people lying on the floor of a hospital as members of a crowd helped the wounded. Enock Loua, a resident of Nzerekore, learned over the phone that his niece Aline Olivier had been killed. "We have a hard time realizing what happened to us, it is as if the sky has fallen on our heads,” Loua told The Associated Press. Authorities are trying to establish who was responsible, Prime Minister Amadou Oury Bah said on national television. The National Alliance for Alternation and Democracy opposition coalition said the tournament was organized to drum up support for Doumbouya's “illegal and inappropriate” political ambitions. Doumbouya, who ousted then-President Alpha Conde in 2021 , has been eyeing a possible run for the presidential election, for which the date has not been set. The transition charter put in place by his own regime does not allow him to run. Guinea is one of a number of West African countries — including Mali, Niger and Burkina Faso — where the military has taken power and delayed a return to civilian rule. Doumbouya said he was preventing the country from slipping into chaos and chastised the previous government for broken promises. He has, however, been criticized for not meeting the expectations that he raised. Guinea’s leader announced three days of national mourning starting on Tuesday, in a presidential decree read on national television. Follow AP’s Africa coverage at: https://apnews.com/hub/africa
Furthermore, the low interest rate environment has played a significant role in driving investor appetite for risk assets, including stock index futures. With central banks maintaining accommodative monetary policies, investors have been incentivized to allocate capital to higher-yielding investments, such as equity futures, thereby fueling the upward trajectory in stock indices.
Oncocyte first to published randomized interventional data to rule-in for biopsy in high-risk patient population Study shows that monitoring with Oncocyte's assay significantly reduces time to rejection diagnosis in patients with newly developed donor-specific antibodies Early detection of transplant rejection is growing in significance as novel therapeutic treatments show promising early results in antibody mediated rejection. Study published in Nephrology Dialysis Transplantation IRVINE, Calif., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Oncocyte Corp., OCX , a diagnostics technology company, today announced additional favorable data regarding its lead assay VitaGraftTM, which was published in the journal, Nephrology Dialysis Transplantation. VitaGraft KidneyTM quantifies the amount of DNA fragments in transplant patients' blood that originate from the donor organ, a key biomarker for assessing graft health. This process is commonly referred to as donor-derived cell-free DNA (dd-cfDNA) testing and is widely used in clinical practice today. In this latest study, Oncocyte's proprietary diagnostic dd-cfDNA test using digital PCR was able to diagnose antibody-mediated rejection (AMR) in kidney transplant recipients nearly a year ahead of standard protocols 1 . "We are excited to see our dd-cfDNA technology demonstrate strong predictive value for AMR, supporting clinicians in identifying AMR in patients sooner, thereby enhancing the opportunity for better outcomes," said Oncocyte Chief Science Officer Dr. Ekkehard Schuetz. "The trial's results further validate dd-cfDNA as a critical biomarker that can bridge diagnostic gaps for transplant patients." For further context, de-novo donor specific antibody (dnDSA) is a routine biomarker used in kidney transplant management. The appearance of dnDSA in a patient -- that is, the patient is found to be dnDSA-positive (dnDSA+) -- signals an increased risk of AMR. This latest study shows that compared to standard of care, VitaGraft Kidney can significantly reduce the time to diagnosis of AMR in dnDSA+ patients. It is also the first randomized interventional study to validate any dd-cfDNA technology as a rule-in test for biopsy in a high-risk population. Catching AMR early, when kidney graft loss can be minimized, is becoming increasingly important as physicians explore the use of drugs, including the anti-CD38 drugs felzartamab and daratumumab, to manage rejection. Monitoring with VitaGraft in this high-risk patient population could support early intervention with these new therapeutic options. Once patients are on therapy, monitoring for therapeutic efficacy is also important to manage potential unwanted side effects. Publications using VitaGraft to monitor for efficacy for both aforementioned drugs can be found in the New England Journal of Medicine and Transplant International . In addition, earlier this year, Oncocyte signed an agreement with a European biotechnology company to be the provider of dd-cfDNA testing for a Phase II clinical trial for a separate therapeutic in AMR. Oncocyte expects to submit for claims expansion to its payor, MolDX 2 , to support the use of VitaGraft for these high-risk patients in the clinic. If granted, it would expand the use case beyond the current for-cause claim, opening significant new revenue opportunities. In sum, this clinical trial provides compelling evidence for dd-cfDNA monitoring as a tool for enhancing early intervention and improving outcomes for patients at increased risk of transplant rejection. Oncocyte scientists and inventors of the technology, Dr. Schuetz, Julia Beck and Kirsten Bornemann-Kolatzki, co-authored the study, which was initiated by researchers at Charité – Universitätsmedizin Berlin under the leadership of Prof. Klemens Budde. The study was published in Nephrology Dialysis Transplantation: Oxford Academic and may be found by accessing this link. Additional study details: Highlighting potential for improved patient outcomes, as well as implications for broader clinical applications and future therapies The interventional randomized trial, conducted between June 2021 and July 2023, involved 40 kidney transplant recipients with dnDSA, assessing longitudinal dd-cfDNA monitoring as a guiding tool for diagnostic biopsy compared to standard clinical practices. Oncocyte's proprietary dd-cfDNA technology was able to detect the onset of AMR significantly earlier in patients by guiding the indication for biopsy (median time from inclusion to diagnosis: 2.8 months) compared to the control group using standard of care (14.5 months). As noted above, this early intervention could offer a valuable advantage in transplant care by enabling prompt treatment before irreversible damage occurs. "This study underscores the impact of dd-cfDNA as a critical biomarker for early AMR detection, providing healthcare teams with timely data enabling them to initiate treatments sooner," said Dr. Aylin Akifova, first author from Charité. This study also suggests that dd-cfDNA monitoring could also be instrumental in identifying subclinical AMR—a silent condition that, if undiagnosed, can lead to significant graft damage. Additionally, the findings come at a crucial time, as mentioned above, as promising new treatments, including CD38-targeted therapies, are showing unprecedented efficacy in treating AMR. Early diagnosis with dd-cfDNA could provide the earliest window for intervention, offering an advantage for patients suffering from AMR, a disease with historically very limited treatment options. "We congratulate Charité's research teams on these compelling findings, which further underscore our mission to empower clinicians with tools for precision diagnostics while also democratizing access to novel molecular diagnostic testing to improve patient outcomes," said Josh Riggs, CEO of Oncocyte. "We look forward to expanding the clinical applications of dd-cfDNA technology and supporting transplant communities worldwide with our innovative diagnostic solutions." About Oncocyte Oncocyte is a diagnostics technology company. The Company's tests are designed to help provide clarity and confidence to physicians and their patients. VitaGraftTM is a clinical blood-based solid organ transplantation monitoring test. GraftAssureTM is a research use only (RUO) blood-based solid organ transplantation monitoring test. DetermaIOTM is a gene expression test that assesses the tumor microenvironment to predict response to immunotherapies. DetermaCNITM is a blood-based monitoring tool for monitoring therapeutic efficacy in cancer patients. For more information about Oncocyte, please visit https://oncocyte.com/ . For more information about our products, please visit the following web pages: VitaGraft KidneyTM - https://oncocyte.com/vitagraft-kidney/ VitaGraft LiverTM - https://oncocyte.com/vitagraft-liver/ GraftAssureTM - https://oncocyte.com/graftassure/ DetermaIOTM - https://oncocyte.com/determa-io/ DetermaCNITM - https://oncocyte.com/determa-cni/ VitaGraftTM, GraftAssureTM, DetermaIOTM, and DetermaCNITM are trademarks of Oncocyte Corporation. CONTACT: Jeff Ramson PCG Advisory (646) 863-6893 jramson@pcgadvisory.com Forward-Looking Statements Any statements that are not historical fact (including but not limited to statements that contain words such as "will," "believes," "plans," "anticipates," "expects," "estimates," "may," and similar expressions) are forward-looking statements. These statements include those pertaining to, among other things, the expectation that Oncocyte will submit for claims expansion to MolDX to support the use of VitaGraft for high-risk patients in the clinic, which may expand the use case and open significant new revenue opportunities, the company's anticipated expansion of clinical applications of dd-cfDNA technology, the company's goal to support transplant communities worldwide with its innovative diagnostic solutions, and other statements about the future expectations, beliefs, goals, plans, or prospects expressed by management. Forward-looking statements involve risks and uncertainties, including, without limitation, risks inherent in the development and/or commercialization of diagnostic tests or products, uncertainty in the results of clinical trials or regulatory approvals, the capacity of Oncocyte's third-party supplied blood sample analytic system to provide consistent and precise analytic results on a commercial scale, potential interruptions to supply chains, the need and ability to obtain future capital, maintenance of intellectual property rights in all applicable jurisdictions, obligations to third parties with respect to licensed or acquired technology and products, the need to obtain third party reimbursement for patients' use of any diagnostic tests Oncocyte or its subsidiaries commercialize in applicable jurisdictions, and risks inherent in strategic transactions such as the potential failure to realize anticipated benefits, legal, regulatory or political changes in the applicable jurisdictions, accounting and quality controls, potential greater than estimated allocations of resources to develop and commercialize technologies, or potential failure to maintain any laboratory accreditation or certification. Actual results may differ materially from the results anticipated in these forward-looking statements and accordingly such statements should be evaluated together with the many uncertainties that affect the business of Oncocyte, particularly those mentioned in the "Risk Factors" and other cautionary statements found in Oncocyte's Securities and Exchange Commission (SEC) filings, which are available from the SEC's website. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they were made. Oncocyte undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as required by law. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
AAP leader and Uttam Nagar MLA Naresh Balyan was on Saturday arrested by Delhi Police. According to reports, his arrest is linked to an extortion case from 2023. New Delhi: AAP leader and Uttam Nagar MLA Naresh Balyan was on Saturday arrested by Delhi Police. According to reports, his arrest is linked to an extortion case from 2023. AAP has termed Balyan’s arrest illegal. Senior party leader and Rajya Sabha MP Sanjay Singh reiterates court’s stay on BJP’s fake audio clip. “Out of desperation BJP has yet again made a mockery of justice system,” Singh said. More details awaited Click for more latest India news . Also get top headlines and latest news from India and around the world at News9. Prabhakar Jha is currently working as Chief Copy Editor at News9 Digital. He has over eight years of experience in this field. He has a keen interest in politics and world affairs.Horaatada Hakkigagi Janandolana on Saturday demanded the scrapping of the Licensing and Regulation of Protests, Demonstrations, and Protest Marches (Bengaluru City) Order, 2021, that restricts protests to Freedom Park in the city. The members of the progressive organisation have unanimously demanded the immediate withdrawal of the order. The restrictions on protests must be lifted across the State, and FIRs criminalising dissent and peaceful protests should be withdrawn. Aakar Patel, political writer and activist, criticised the State’s paternalistic approach and said that requiring a “licence” to protest transforms the fundamental right into a privilege. Like Jantar Mantar in Delhi, which has become a graveyard for protests, Bengaluru’s Freedom Park will also meet a similar fate, he said. Mr. Patel emphasised that the fundamental nature of free speech and peaceful assembly plays a role in safeguarding marginalised communities. Published - November 30, 2024 09:47 pm IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp RedditThe latest development in this saga sees the Premier League stepping up its probe into Manchester City's financial dealings, amidst suspicions of potential financial doping and artificial inflation of sponsorships to circumvent UEFA's Financial Fair Play (FFP) rules. The allegations have sent shockwaves through the footballing world and have cast a dark shadow over the club's recent successes on the pitch.
No Systematic Attack On Minorities, Chinmoy Das' Arrest 'Misconstrued': Bangladesh Tells UN ForumThe life and ways of a grammar Nazi
One of the highlights of the program is the collaborative projects between directors and AI experts, where they work together to create innovative and impactful content. By combining the expertise of seasoned directors with the computational power of AI, these projects push the boundaries of traditional filmmaking and pave the way for new trends in the industry. The result is a series of captivating films and television shows that showcase the transformative power of technology in storytelling.ARLINGTON, Va., Dec. 12, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (Nasdaq: FLNC) ("Fluence” or the "Company”), a global market leader delivering intelligent energy storage, operational services, and asset optimization software, today announced the completion of the previously announced offering of $400.0 million aggregate principal amount of 2.25% convertible senior notes due 2030 (the "Notes”). Fluence also granted the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $50.0 million aggregate principal amount of the Notes. The Notes issued on December 12, 2024 include $50.0 million principal amount of Notes issued pursuant to the full exercise by the initial purchasers of their option to purchase additional Notes. The Notes will be senior, unsecured obligations of Fluence, will accrue interest payable semi-annually in arrears and will mature on June 15, 2030, unless earlier repurchased, redeemed or converted. On December 10, 2024, in connection with the pricing of the Notes, the Company entered into privately negotiated capped call transactions (the "base capped call transactions”) with one or more of the initial purchasers and/or their respective affiliates and/or other financial institutions (the "counterparties”). In addition, on December 11, 2024, in connection with the initial purchasers' exercise of their option to purchase additional Notes, the Company entered into additional capped call transactions (the "additional capped call transactions” and, together with the base capped call transactions, (the "capped call transactions") with the counterparties. The capped call transactions cover, subject to customary adjustments, the number of shares of the Company's Class A common stock that will initially underlie the Notes. The cap price of the capped call transactions represents a premium over the last reported sale price of the Company's Class A common stock on the pricing date of the offering of the Notes. The capped call transactions are generally expected to offset the potential dilution to the Class A common stock and/or offset any cash payments the Company is required to make in excess of the principal amount of converted Notes, with such offset subject to a cap, as the case may be, as a result of any conversion of the Notes. In connection with establishing their initial hedge of these capped call transactions, the Company has been advised that the counterparties (i) may enter into various over-the-counter cash-settled derivative transactions with respect to the Class A common stock and/or purchase the Class A common stock in secondary market transactions concurrently with, or shortly after, the pricing of the Notes; and (ii) may enter into or unwind various over-the-counter derivatives and/or purchase the Class A common stock in secondary market transactions following the pricing of the Notes. These activities could have the effect of increasing or preventing a decline in the price of the Class A common stock concurrently with or following the pricing of the Notes and under certain circumstances, could affect the ability to convert the Notes. In addition, we expect that the counterparties may modify or unwind their hedge positions by entering into or unwinding various derivative transactions and/or purchasing or selling the Class A common stock or other securities of the Company in secondary market transactions following the pricing of the Notes and prior to maturity of the Notes (and are likely to do so (x) during any observation period related to a conversion of the Notes or following any redemption or fundamental change repurchase of the Notes, (y) following any other repurchase of the Notes if the Company unwinds a corresponding portion of the capped call transactions in connection with such repurchase and (z) if the Company otherwise unwinds all or a portion of the capped call transactions). The effect, if any, of these transactions and activities on the market price of the Class A common stock or the Notes will depend in part on market conditions and cannot be ascertained at this time, but any of these activities could adversely affect the value of the Class A common stock and the value of the Notes, and potentially the value of the consideration that a noteholder will receive upon the conversion of the Notes and could affect a noteholder's ability to convert the Notes. Fluence used a portion of the net proceeds from the offering to fund the cost of entering into the capped call transactions. Fluence intends to transfer the remaining net proceeds of the offering directly to purchase an intercompany subordinated convertible promissory note issued by Fluence Energy, LLC, the proceeds of which Fluence Energy, LLC intends to use for working capital needs, upgrading one of its battery cell production lines from 305 amp hour cells to 530 amp hour cells, and general corporate purposes. The offer and sale of the Notes and any shares of Class A common stock issuable upon conversion of the Notes have not been, and will not, be registered under the Securities Act or any other securities laws, and the Notes and any such shares cannot be offered or sold except to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the Securities Act. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, the Notes or any shares of Class A common stock issuable upon conversion of the Notes, nor shall there be any sale of the Notes or any such shares, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers of the Notes will be made only by means of a private offering memorandum. About Fluence: Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader delivering intelligent energy storage and optimization software for renewables and storage. The Company's solutions and operational services are helping to create a more resilient grid and unlock the full potential of renewable portfolios. With gigawatts of projects successfully contracted, deployed and under management across nearly 50 markets, the Company is transforming the way we power our world for a more sustainable future. Cautionary Note Regarding Forward-Looking Statements The statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In particular, statements regarding the consummation of the offering of the Notes, the consummation of the capped calls transactions, our future results of operations and financial position, operational performance, anticipated growth and business strategy, future revenue recognition and estimated revenues, future capital expenditures and debt service obligations, projected costs, prospects, plans, and objectives of management for future operations, including, among others, statements regarding expected growth and demand for our energy storage solutions, services, and digital application offerings, relationships with new and existing customers and suppliers, introduction of new energy storage solutions, services, and digital application offerings and adoption of such offerings by customers, assumptions relating to the Company's tax receivable agreement, expectations relating to backlog, pipeline, and contracted backlog, current expectations relating to legal proceedings, and anticipated impact and benefits from the Inflation Reduction Act of 2022 and related domestic content guidelines on us and our customers as well as any other proposed or recently enacted legislation, are forward-looking statements. In some cases, you may identify forward-looking statements by terms such as "may,” "will,” "should,” "expects,” "plans,” "anticipates,” "could,” "seeks,” "intends,” "targets,” "projects,” "contemplates,” "grows,” "believes,” "estimates,” "predicts,” "potential”, "commits”, or "continue” or the negative of these terms or other similar expressions. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict. Among those risks and uncertainties are market conditions and the consummation of the offering of the Notes and the consummation of the capped calls transactions. Although we believe that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. These forward-looking statements are subject to a number of important factors that could cause actual results to differ materially from those in the forward-looking statements, including, but not limited to, our relatively limited operating and revenue history as an independent entity and the nascent clean energy industry; anticipated increasing expenses in the future and our ability to maintain prolonged profitability; fluctuations of our order intake and results of operations across fiscal periods; potential difficulties in maintaining manufacturing capacity and establishing expected mass manufacturing capacity in the future; risks relating to delays, disruptions, and quality control problems in our manufacturing operations; risks relating to quality and quantity of components provided by suppliers; risks relating to our status as a relatively low-volume purchaser as well as from supplier concentration and limited supplier capacity; risks relating to operating as a global company with a global supply chain; changes in the cost and availability of raw materials and underlying components; failure by manufacturers, vendors, and suppliers to use ethical business practices and comply with applicable laws and regulations; significant reduction in pricing or order volume or loss of one or more of our significant customers or their inability to perform under their contracts; risks relating to competition for our offerings and our ability to attract new customers and retain existing customers; ability to maintain and enhance our reputation and brand recognition; ability to effectively manage our recent and future growth and expansion of our business and operations; our growth depends in part on the success of our relationships with third parties; ability to attract and retain highly qualified personnel; risks associated with engineering and construction, utility interconnection, commissioning and installation of our energy storage solutions and products, cost overruns, and delays; risks relating to lengthy sales and installation cycle for our energy storage solutions; risks related to defects, errors, vulnerabilities and/or bugs in our products and technology; risks relating to estimation uncertainty related to our product warranties; fluctuations in currency exchange rates; risks related to our current and planned foreign operations; amounts included in our pipeline and contracted backlog may not result in actual revenue or translate into profits; risks related to acquisitions we have made or that we may pursue; events and incidents relating to storage, delivery, installation, operation, maintenance and shutdowns of our products; risks relating to our impacts to our customer relationships due to events and incidents during the project lifecycle of an energy storage solution; actual or threatened health epidemics, pandemics or similar public health threats; ability to obtain financial assurances for our projects; risks relating to whether renewable energy technologies are suitable for widespread adoption or if sufficient demand for our offerings do not develop or takes longer to develop than we anticipate; estimates on size of our total addressable market; barriers arising from current electric utility industry policies and regulations and any subsequent changes; risks relating to the cost of electricity available from alternative sources; macroeconomic uncertainty and market conditions; risk relating to interest rates or a reduction in the availability of tax equity or project debt capital in the global financial markets and corresponding effects on customers' ability to finance energy storage systems and demand for our energy storage solutions; reduction, elimination, or expiration of government incentives or regulations regarding renewable energy; decline in public acceptance of renewable energy, or delay, prevent, or increase in the cost of customer projects; severe weather events; increased attention to ESG matters; restrictions set forth in our current credit agreement and future debt agreements; uncertain ability to raise additional capital to execute on business opportunities; ability to obtain, maintain and enforce proper protection for our intellectual property, including our technology; threat of lawsuits by third parties alleging intellectual property violations; adequate protection for our trademarks and trade names; ability to enforce our intellectual property rights; risks relating to our patent portfolio; ability to effectively protect data integrity of our technology infrastructure and other business systems; use of open-source software; failure to comply with third party license or technology agreements; inability to license rights to use technologies on reasonable terms; risks relating to compromises, interruptions, or shutdowns of our systems; changes in the global trade environment; potential changes in tax laws or regulations; risks relating to environmental, health, and safety laws and potential obligations, liabilities and costs thereunder; failure to comply with data privacy and data security laws, regulations and industry standards; risks relating to potential future legal proceedings, regulatory disputes, and governmental inquiries; risks related to ownership of our Class A common stock; risks related to us being a "controlled company” within the meaning of the NASDAQ rules; risks relating to the terms of our amended and restated certificate of incorporation and amended and restated bylaws; risks relating to our relationship with our Founders and Continuing Equity Owners; risks relating to conflicts of interest by our officers and directors due to positions with Continuing Equity Owners; risks related to short-seller activists; we depend on distributions from Fluence Energy, LLC to pay our taxes and expenses and Fluence Energy, LLC's ability to make such distributions may be limited or restricted in certain scenarios; risks arising out of the Tax Receivable Agreement; unanticipated changes in effective tax rates or adverse outcomes resulting from examination of tax returns; risks relating to improper and ineffective internal control over reporting to comply with Sarbanes-Oxley Act; risks relating to changes in accounting principles or their applicability to us; risks relating to estimates or judgments relating to our critical accounting policies; and the factors described under the headings Part I, Item 1A. "Risk Factors” and Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2024. If one or more events related to these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may differ materially from what we anticipate. Many of the important factors that will determine these results are beyond our ability to control or predict. Accordingly, you should not place undue reliance on any such forward-looking statements. We qualify all forward-looking statements contained in this press release by these cautionary statements. Any forward-looking statement speaks only as of the date on which it is made, and, except as otherwise required by law, we do not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. New factors emerge from time to time, and it is not possible for us to predict which will arise. In addition, we cannot assess the impact of each factor on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Contacts: Analyst Lexington May, Vice President, Finance & Investor Relations +1 713-909-5629 Email: [email protected] Media Email: [email protected]
The 4th Plenary Session of the 20th Central Commission for Discipline Inspection promises to be a pivotal moment in the party's ongoing efforts to strengthen governance, uphold party discipline, and fight corruption. The decisions and policies formulated during the meeting will shape the party's future direction and demonstrate its commitment to clean and accountable governance.SANTA CLARA, Calif. – San Francisco 49ers quarterback Brock Purdy will miss Sunday's game against the Green Bay Packers with a sore throwing shoulder. Purdy injured his right shoulder in last Sunday's loss to the Seattle Seahawks . Purdy underwent an MRI that showed no structural damage but the shoulder didn't improve during the week and Purdy was ruled out for the game. Recommended Videos Coach Kyle Shanahan said star defensive end Nick Bosa also will miss the game with injuries to his left hip and oblique. Left tackle Trent Williams is questionable with an ankle injury and will be a game-time decision. This will be the first time Purdy has missed a start because of an injury since taking over as the 49ers’ quarterback in December 2022. Brandon Allen will start in his place. The Niners (5-5) are currently in a three-way tie for second in the NFC West, a game behind first-place Arizona, and have little margin for error if they want to get back to the playoffs after making it to the Super Bowl last season. Purdy has completed 66% of his passes this season for 2,613 yards, 13 TDs, eight interceptions and a 95.9 passer rating that is down significantly from his league-leading mark of 113 in 2023. Allen has been mostly a backup since being drafted by Jacksonville in 2016. Allen last started a game in Week 18 of the 2021 season for Cincinnati and has thrown just three passes the last three seasons — including none since joining San Francisco in 2023. Joshua Dobbs will be the backup on Sunday. ___ AP NFL: https://apnews.com/hub/NFL
NoneIn the realm of technological advancement, the pursuit of speed has always been a driving force. From communication to transportation, industries have long sought ways to accelerate processes and achieve results faster than ever before. Recently, a groundbreaking discovery by researchers at Johns Hopkins University has set a new standard for speed and efficiency, promising to revolutionize a wide array of fields.