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IRVING, Texas , Dec. 9, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC ), in conjunction with its first quarter earnings release for fiscal 2025, invites you to listen to its conference call that will be broadcast live over the Internet on Monday, January 6, 2025 , at 11:00 a.m. Eastern Time ( 10:00 a.m. Central) with Peter Matt , President and Chief Executive Officer, and Paul Lawrence , Senior Vice President and Chief Financial Officer. The teleconference will also be available via webcast. To access the webcast (in listen-only mode), please visit CMC's Web site at www.cmc.com . About CMC CMC is an innovative solutions provider helping build a stronger, safer, and more sustainable world. Through an extensive manufacturing network principally located in the United States and Central Europe , we offer products and technologies to meet the critical reinforcement needs of the global construction sector. CMC's solutions support construction across a wide variety of applications, including infrastructure, non-residential, residential, industrial, and energy generation and transmission. SOURCE Commercial Metals Company‘Overdue’ Lebanon ceasefire must bring lasting solution to crisis, says PM
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SEOUL, South Korea , Dec. 26, 2024 /PRNewswire/ -- LG Energy Solution (KRX: 373220) has announced its launch of the 'Battery Innovation Contest (BIC) 2025' to identify and support the next groundbreaking battery technologies. Innovators from universities and research institutions worldwide are encouraged to submit proposals until January 31, 2025 , at https://bridge.lgensol.com/ . Since its inaugural competition in 2017, BIC has been LG Energy Solution's flagship research contest. This year's edition has been revamped to foster greater collaboration between academia and industry. Selected researchers will receive annual research funding of up to USD 150,000 annually. Additional funding may be granted to projects making significant achievements through extended contracts. Unlike previous iterations of the competition, 'BIC 2025' allows participants to submit proposals on specific topics pre-announced by LG Energy Solution. "By presenting specific research optics, we aim to go beyond merely supporting academia and maximize the mutual benefits between the industry and academia," said an LG Energy Solution spokesperson. To facilitate active collaboration, LG Energy Solution has introduced the ' BRIDGE ' system, a platform designed to manage open innovation programs like BIC. The system facilitates seamless collaborations with features that help teams working on joint research projects track their objectives and deliverables. LG Energy Solution has unveiled the preselected 18 research topics for collaborative projects on the ' BRIDGE ' platform, such Battery Safety diagnosis algorithm technology and New materials for LFP Batteries topic. At the same time, the contest retains its traditional format to ensure participants are free to propose completely original research ideas. All research proposals must be submitted through the ' BRIDGE ' system. To protect the original ideas of every participant, LG Energy Solution has split the application process into two stages: initial proposals that provide concise information, followed by detailed proposals from a shortlist of candidates. This change aims to safeguard the ideas of researchers not selected for funding. "The BIC platform serves as a bridge of wisdom between members of academia and industry, driving technological innovation for the all-important battery sector," said Je-Young Kim , CTO of LG Energy Solution. "Through this initiative, we aim to provide differentiated value to our customers by strengthening our technology leadership." As of today, LG Energy Solution has supported 26 battery research projects through the 'BIC' initiative, with some evolving into large-scale projects that have received additional funding and resources. Thanks to the success of this competition, the company continues to establish partnerships with world-leading universities and research institutions, reinforcing its commitment to preparing the battery field for the future. About LG Energy Solution LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 58,000 patents. Its robust global network, which spans North America, Europe, and Asia , includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution's ideas and innovations, visit https://news.lgensol.com . View original content: https://www.prnewswire.com/news-releases/lg-energy-solution-hosts-battery-innovation-contest-bic-2025-to-foster-breakthrough-battery-technologies-302339134.html SOURCE LG Energy SolutionC$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO , Dec. 9, 2024 /PRNewswire/ - Manulife has been notified of an unsolicited mini-tender offer made by New York Stock and Bond LLC (New York Stock and Bond) to purchase up to 50,000 Manulife common shares, or less than 0.003% of the common shares outstanding, at a price of USD$12.50 per share. Manulife is in no way associated with New York Stock and Bond and does not recommend or endorse acceptance of this unsolicited offer. Manulife cautions shareholders that the mini-tender offer has been made at a price below the current market price for Manulife shares. The offer represents a discount of approximately 60.76% and 60.80%, respectively, below the closing prices of Manulife common shares on the TSX and NYSE on November 27, 2024 , the last trading day before the mini-tender offer was commenced, and a discount of 61.43% and 61.42%, respectively, below the closing prices on the TSX and NYSE on December 6, 2024 . Mini-tender offers are designed to seek less than 5% of a company's outstanding shares, avoiding disclosure and procedural requirements applicable to most bids under Canadian and U.S. securities regulations. The Canadian Securities Administrators (CSA) and the U.S. Securities and Exchange Commission (SEC) have expressed serious concerns about mini-tender offers, including the possibility that investors might tender to such offers without understanding the offer price relative to the actual market price of their securities. The SEC states that "bidders make mini-tender offers at below-market prices, hoping that they will catch investors off guard if the investors do not compare the offer price to the current market price." Shareholders should carefully review the New York Stock and Bond offer documents and current market price for Manulife shares, and consult their investment advisors regarding any offer they may receive and review with their advisors all options for their investment in Manulife shares. Manulife has stock transfer agents providing shareholder services in Canada , the United States , Hong Kong and the Philippines . These local agents provide services directly to our registered shareholders and can provide information on share account management, direct deposit of dividends, dividend reinvestment and share purchase plans. Please email manulifeinquiries@tmx.com for more information. Manulife requests that a copy of this news release be included in any distribution of materials relating to New York Stock and Bond's mini-tender offer for Manulife common shares. About Manulife Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. With our global headquarters in Toronto, Canada , we provide financial advice and insurance, operating as Manulife across Canada , Asia , and Europe , and primarily as John Hancock in the United States . Through Manulife Investment Management, the global brand for our Global Wealth and Asset Management segment, we serve individuals, institutions, and retirement plan members worldwide. At the end of 2023, we had more than 38,000 employees, over 98,000 agents, and thousands of distribution partners, serving over 35 million customers. We trade as 'MFC' on the Toronto , New York , and the Philippine stock exchanges, and under '945' in Hong Kong. Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com . View original content to download multimedia: https://www.prnewswire.com/news-releases/manulife-cautions-investors-regarding-new-york-stock-and-bond-llc-offer-for-shares-302326646.html SOURCE Manulife Financial Corporation
European markets set for a shaky start amid Trump tariff threatNoneAussies to ‘wait and see’ on sore star; former gun hits back at ‘tall poppy syndrome’: Test Daily - Fox SportsContentious COP29 deal shows climate cooperation fraying at edges BAKU: When COP29 President Mukhtar Babayev stepped to the podium at the closing meeting of the Baku climate summit on Sunday morning, hoping to clinch a hard-fought agreement on global climate finance, he carried with him two speeches. One was crafted around a hoped-for deal being struck, while the other for the possibility of a summit-collapsing impasse, according to two sources familiar with the matter who spoke to Reuters on condition of anonymity. “Yes, we had prepared different variations of the speech for various scenarios, but as we stepped onto the stage, we were confident in our success,” said one of the sources, an official in the COP29 presidency. In the end, Babayev managed to gavel through the $300 billion finance plan to help developing nations cope with the soaring costs of global warming over the next decade before critics had time to object, allowing him to read the more positive speech.He praised the agreement as a breakthrough and shamed the deal’s doubters as “wrong”, even as many of the climate deal’s intended recipients slammed it as woefully inadequate. Babayev’s preparation for different outcomes at the divisive summit in the Caspian Sea nation of Azerbaijan reflected what many in the audience had already known before it began: the Baku climate talks were never going to go smoothly. Expectations for a deal were depressed by worries of a looming US withdrawal from global climate cooperation, geopolitical turmoil, and a rise of isolationist politics that had shunted climate change off much of the world’s top priorities list. Those obstacles loomed large in Baku and will continue to overshadow global climate efforts in the months ahead as Brazil prepares for next year’s much broader conference in the Amazon rainforest city of Belem -- where the world will plot a years-long course for steeper emissions cuts and building resilience in the fight against climate change. “Multilateralism as a whole is under threat,” said Eliot Whittington, chief systems change officer at the Cambridge Institute for Sustainability Leadership. “Indeed, the UNFCCC is probably the bright spot -- proving that even in the face of incredibly hostile geopolitics and on fundamentally difficult questions, a deal can be made,” he said, referring to the UN body sponsoring the annual climate summit. But the slow pace of progress, with global emissions still rising, has raised tensions and calls for reform.“This is something that needs to be looked at, when just a handful of countries, based on their own economic interests, can almost wreck the entire process,” Sierra Leone Environment Minister Jiwoh Abdulai told Reuters. TRUMP EFFECT Among the biggest factors clouding the negotiations in Baku was the looming return of climate sceptic Donald Trump as president of the US, the world’s biggest economy, largest historical emitter of greenhouse gases, and top producer of oil and gas. Trump, who takes office in January, has pledged to withdraw the US from the global Paris Agreement on climate change, as he did during his first 2017-2021 term in the White House, and has called climate change a hoax. Negotiators at the Baku conference said that while the US delegation had helped in coming up with the climate finance deal, the country was unable to take a high-profile leadership role like it has in past climate summits, and it could not provide assurances the next administration would honour its pledges. “With the United States, well, the voters have voted and that’s the way it is. What they’re going to do, we do not know,” South African Environment Minister Dion George said. US officials at the COP29 conference sought to reassure global partners that market forces, existing federal subsidies, and state mandates would ensure continued renewable energy deployment even if Trump disengages from the global process. The war in Ukraine and rising conflict in the Middle East, meanwhile, have diverted global attention to security and energy availability, and led many governments to tighten their purse strings, experts said. That made getting a bigger climate finance number hard, observers to the talks said. “Even maintaining climate finance at current levels in the current political environment is a huge fight,” said Joe Thwaites, senior advocate on international climate finance at the Natural Resources Defense Council, an environmental group. The agreement to provide $300 billion annually by 2035 would theoretically triple rich countries’ previous commitments to provide $100 billion by 2020. That earlier goal was reached in full only in 2022, and expires in 2025. The unwillingness of wealthy countries to offer more money and the pressure to conclude even a weak deal ahead of more political turbulence became a major source of frustration for the Least Developed Countries and small island states, who told the Baku conference they felt sidelined in the negotiations. At one point in the summit’s final stretch, negotiating blocs representing both groups walked out of talks in protest, delaying a deal by hours.“We came in good faith, with the safety of our communities and the well-being of the world at heart,” Tina Stege, the climate envoy for the Marshall Islands, said at the closing plenary. “Yet, we have seen the very worst of political opportunism here at this COP, playing games with the lives of the world’s most vulnerable people.”India’s envoy, Chandni Raina, used her time to roundly reject the climate finance deal gaveled through by Babayev. “We are disappointed in the outcome which clearly brings out the unwillingness of the developed country parties to fulfil their responsibilities,” she told the summit. Climate advocates said that, while the deal is better than an outright impasse, the rifts exposed by the conference as well as the loss of trust in the process among poorer countries will pose a problem for Brazil as it prepares for COP30. “I think this is a toxic chalice for Belem, and it’s going to be up to Brazil how they’re going to restore the trust,” said Oscar Sorria, director of the Common Initiative, a think tank focused on global financial reform.