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TORONTO, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Rivalry Corp. (the " Company " or " Rivalry ") (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK), the leading sportsbook and iGaming operator for digital-first players, is pleased to announce that it has closed the third tranche (the “ Third Closing ”) of its non-brokered private placement of units of the Company (the " Units "), previously announced on November 26, 2024 (the " Offering "). Under the Third Closing, the Company issued 2,231,253 Units at a price of $0.15 per Unit, for gross proceeds of $334,688. The Company may complete one or more additional closings, for aggregate gross proceeds (together with the proceeds raised under the initial closing, second closing and Third Closing) of up to approximately USD$3 million. Unless otherwise noted, all dollar figures are quoted in Canadian dollars. Each Unit is comprised of one (1) subordinate voting share in the capital of the Company (each, a " Subordinate Voting Share ") and one-half of one (1/2) Subordinate Voting Share purchase warrant (each whole warrant, a " Warrant "). Each Warrant is exercisable into one Subordinate Voting Share in the capital of the Company (each, a " Warrant Share ") at a price of $0.25 per Warrant Share for a period of 12 months from the date hereof, subject to the Company's right to accelerate the expiry date of the Warrants upon 30 days' notice in the event that the closing price of the Subordinate Voting Shares is equal to or exceeds $0.50 on the TSX Venture Exchange (or such other recognized Canadian stock exchange as the Subordinate Voting Shares are primarily traded on) for a period of 10 consecutive trading days. The Company intends to use the proceeds from the Offering for corporate development and general working capital purposes. The Subordinate Voting Shares and Warrants, and any securities issuable upon exercise thereof, are subject to a four-month statutory hold period, in accordance with applicable securities legislation. The Company has paid an aggregate of $10,501.20 in finder's fees in connection with the Third Closing. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act "), or any applicable state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration requirements is available. 100,200 Units were issued to family members of Steven Isenberg, a director of the Company and a "related party" (within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101")) and 500,000 Units were issued to Kevin Wimer, a director of the Company and a "related party", and such issuances are considered a "related party transaction" for the purposes of MI 61-101. Such related party transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities being issued to the related parties nor the consideration being paid by the related parties exceeded 25% of the Company’s market capitalization. The purchasers of the Units and the extent of such participation were not finalized until shortly prior to the completion of the Offering. Accordingly, it was not possible to publicly disclose details of the nature and extent of related party participation in the transactions contemplated hereby pursuant to a material change report filed at least 21 days prior to the completion of such transactions. About Rivalry Rivalry Corp. wholly owns and operates Rivalry Limited , a leading sport betting and media company offering fully regulated online wagering on esports, traditional sports, and casino for the digital generation. Based in Toronto, Rivalry operates a global team in more than 20 countries and growing. Rivalry Limited has held an Isle of Man license since 2018, considered one of the premier online gambling jurisdictions, as well as an internet gaming registration in Ontario, and is currently in the process of obtaining additional country licenses. With world class creative execution and brand positioning in online culture, a native crypto token, and demonstrated market leadership among digital-first users Rivalry is shaping the future of online gambling for a generation born on the internet. Company Contact: Steven Salz, Co-founder & CEO ss@rivalry.com Investor Contact: investors@rivalry.com Media Contact: Cody Luongo, Head of Communications cody@rivalry.com 203-947-1936 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. Cautionary Note Regarding Forward-Looking Information and Statements This news release contains certain forward-looking information within the meaning of applicable Canadian securities laws ("forward-looking statements"). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "project" and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking statements are based on the opinions and estimates of management of the Company at the date the statements are made based on information then available to the Company. Various factors and assumptions are applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Forward-looking statements are subject to and involve a number of known and unknown, variables, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such factors, among other things, include regulatory or political change such as changes in applicable laws and regulations; the ability to obtain and maintain required licenses; the esports and sports betting industry being a heavily regulated industry; the complex and evolving regulatory environment for the online gaming and online gambling industry; the success of esports and other betting products are not guaranteed; changes in public perception of the esports and online gambling industry; failure to retain or add customers; the Company having a limited operating history; negative cash flow from operations; operational risks; cybersecurity risks; reliance on management; reliance on third parties and third-party networks; exchange rate risks; risks related to cryptocurrency transactions; risk of intellectual property infringement or invalid claims; the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and general economic, market and business conditions. For additional risks, please see the Company’s MD&A dated April 30, 2024 and other disclosure documents available on SEDAR+ at www.sedarplus.ca. No assurance can be given that the expectations reflected in forward-looking statements will prove to be correct. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Source: Rivalry Corp.FOXBOROUGH, Mass. (AP) — The NFL removed New England Patriots safety Jabrill Peppers from the commissioner exempt list on Monday, making him eligible to participate in practice and play in the team’s games. Peppers missed seven games since being placed on the list on Oct. 9 after he was arrested and charged with shoving his girlfriend’s head into a wall and choking her. The league said its review is ongoing and is not affected by the change in Peppers’ roster status. Braintree, Massachusetts, police said they were called to a home for an altercation between two people on Oct. 7, and a woman told them Peppers choked her. Police said they found at the home a clear plastic bag containing a white powder, which later tested positive for cocaine. Peppers, 29, pleaded not guilty in Quincy District Court to charges of assault and battery with a dangerous weapon and possession of a Class “B” substance believed to be cocaine. At a court appearance last week a trial date was set for Jan. 22. “Any act of domestic violence is unacceptable for us,” Patriots coach Jerod Mayo said after the arrest. “With that being said, I do think that Jabrill has to go through the system, has to continue to go through due process. We’ll see how that works out.” A 2017 first-round draft choice by Cleveland, Peppers spent two seasons with the Browns and three with the New York Giants before coming to New England in 2022. He was signed to an extension this summer. He played in the first four games of the season and missed one with a shoulder injury before going on the exempt list, which allows NFL Commissioner Roger Goodell to place a player on paid leave while reviewing his case. AP NFL: https://apnews.com/hub/nfl
The standard Lorem Ipsum passage, used since the 1500s "Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum." Section 1.10.32 of "de Finibus Bonorum et Malorum", written by Cicero in 45 BC "Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?" Thanks for your interest in Kalkine Media's content! To continue reading, please log in to your account or create your free account with us.Marler to retire from rugby on Friday, a month after quitting international duty with EnglandKey Takeaways Teams are more diverse than ever. With advancements in technology, a skilled labor shortage and the booming demand for remote work , work has come to defy borders. Companies that don't embrace this reality and adapt risk being left behind. I've witnessed this transformation firsthand through my work at DOXA Talent , where we help businesses build high-performing teams leveraging talent from across the world. With team members across the Philippines, Vietnam, Kenya and Colombia, I see how today's technology and remote work are not just reshaping the future of business but also giving people equitable opportunities to earn a good living. This journey has taught me meaningful lessons about creating a truly global culture. By blending different cultural perspectives while uniting everyone under a common mission and purpose, we've seen remarkable results. Our attrition rate is less than half the acceptable industry standard, and our teams consistently deliver outstanding service with an NPS of 82. But the most important lesson I've learned is that when we put people first and maintain high standards, we create an environment where teams can truly thrive. Here are five key strategies we've discovered for building a successful global culture that brings out the best in your international workforce . Related: A Culturally Diverse Workforce Could Be a Boon to Your Business 1. Define your global culture A global culture is fundamentally about creating a shared set of values, principles and practices that transcend geographical boundaries. To this end, DOXA prioritizes a few key values. One of our most important values is curiosity, which drives us to learn about and appreciate the differences that make each culture unique while encouraging open-mindedness and new ways of working. The next is relationships matter. It's about seeking to understand and accept our differences. This means honoring the unique traditions, perspectives and practices of every culture represented in our organization, building trust and fostering an environment where everyone feels valued . Understanding the experiences and needs of team members from different backgrounds helps us create meaningful connections and fair opportunities. 2. Recognize cultural differences One of the biggest challenges in managing a culturally diverse workforce is navigating communication styles, decision-making processes and giving feedback. At DOXA, we recognize these processes are all shaped by cultural norms. For example, team members in high-context cultures, such as the Philippines, often use indirect communication, while those in low-context cultures, such as the U.S., prefer directness. When it comes to feedback delivery, certain cultures are more to the point, while others tend to soften criticism. The decision-making process also reflects differences, as I've observed how some cultures favor egalitarian input and others rely on hierarchical structures. Differences extend to time management as well, with punctuality taking precedence in some cultures while others emphasize maintaining relationships over strict schedules. Related: 3 Tips for Managing a Cross-Cultural Workforce 3. Build a framework for expectations Something I've found highly helpful is defining our DOXA culture overview, a map per se, which expresses how everyone, regardless of background, is expected to show up within our global culture. This framework sets clear expectations for behavior, communication and decision-making that transcend cultural differences. Our culture map helps all team members be aware of the cultural nuances that may impact interactions and adapt accordingly. For example, we encourage direct and respectful communication while remaining sensitive to cultural preferences. We also emphasize both relationship-building and accountability to balance task-oriented and relationship-based approaches. Ultimately, our framework is about integration: bringing out the best of every culture while aligning everyone under a common operation and purpose. 4. Adapt your leadership style Leading a global team very well might require you to adjust your natural approach. I know I've had to adapt my style to fit the more reserved and relationship-focused cultures of our Philippine and Colombian teams. This means creating a safe space by asking more questions, listening actively and resisting the urge to jump in, solve or debate. That, in turn, gives others the opportunity to share their thoughts more comfortably. As a leader, I've also adapted my communication style . I've had to temper the directness that comes instinctively to me with cultural sensitivity and invest in relationship-building to foster trust. It hasn't always been easy, but finding ways to respect my team's cultural differences while staying true to my strengths has been a successful formula. Related: 3 Ways for Leaders to Embrace the Cultural Quotient 5. Embrace continuous learning A final piece of advice to businesses looking to blend multiple cultures: Become a student. Seek out mentors who lead diverse teams and learn from their experiences. Study what other companies are doing — within and outside your industry — and take note of best practices you could leverage. By continuously learning and staying open to new ideas, you can chart a thoughtful path forward. Also, approach this journey with humility. Remember that blending cultures doesn't happen overnight. It's a process of understanding, evolving and building a workplace where everyone feels valued and aligned with your company's mission. Your ability to integrate diverse perspectives and life experiences can be the catalyst for winning in today's competitive global market.
Artificial Intelligence: Transforming Industries and Shaping the Future
According to local news reports, Iran has begun producing its own parts for its airlines’ aircraft as it attempts to mitigate the impacts of Western sanctions. The Iranian aviation fleet is of considerable age, and the availability of spare parts for them is already limited. Over the years, sanctions have been imposed, lifted and imposed once more against Iran and its civil aviation industry, having a major impact on safety and overall operational performance. Quick Links Domestic aircraft parts A brief history: Iran’s sanctions story over the last 15 years Reasons behind recent sanctions The humanitarian consequences of these sanctions A difficult decision: why did the US sanction Iran’s aviation industry? Domestic aircraft parts According to Iran’s Tasnim News , the country has begun manufacturing its own Airbus and Boeing aircraft parts. In an interview with the news agency, the country’s Civil Aviation Organisation Head, Hossein Pourfarzaneh, said the following: "Given the issues of sanctions against Iran in the aviation industry, a plan was made to localize aircraft engine parts. Accordingly, with the cooperation of MAPNA, the process of reverse engineering and localization of Boeing and Airbus aircraft engine parts was implemented in the country over a 9-year period. In this way, Iran has been able to obtain the technology to manufacture important parts for the aviation industry." Pourfarzaneh was appointed to his current position in September. Ch-aviation data shows that 158 Airbus and Boeing aircraft are registered in the country, across a variety of airlines. The summary table below shows more details. Aircraft Number A300 20 A310 14 A319 6 A320 26 A321 6 A330 2 A340 15 Total Airbus 89 B707 7 B737 52 (of which none are beyond the -500 variant) B747 10 Total Boeing 69 As Simple Flying has reported previously, a country manufacturing its own spare parts for Western-made aircraft in the face of sanctions is not an entirely new phenomenon. In November 2023, we noted that Russia’s Aeroflot wanted to replicate parts to continue operating its Airbus and Boeing planes . More recently, it emerged that five cargo Boeing 737 aircraft were being purchased from lessors to be scrapped and used for spare parts for Aeroflot’s low-cost subsidiary Pobeda Airlines. Almost 80% of Russia's civil fleet was built in the West. A brief history: Iran’s sanctions story over the last 15 years On October 14, the Council of the European Union announced sanctions against three Iranian airlines in response to their transport of weapons in support of Russia’s war against Ukraine. This was not the first time that the bloc decided to impose sanctions on the aviation industry in Iran: prominently since the 1979 Iranian revolution, several international sanctions (whether comprehensive or targeted) have impacted the country’s aviation industry. Most recently, this included restrictive measures imposed by the UN Security Council in 2008 and 2010, ordering that Iran Air cargo aircraft be inspected by member states. In July 2010, the European Union banned Iranian carriers from operating to EU airports, which was later lifted. In 2011, the United States unilaterally imposed economic sanctions on Iran Air , notably prohibiting the sale of spare parts and commercial aircraft itself and banning US companies from doing business with the carrier. It is worth noting that these sanctions have almost always had an impact on all Iranian airlines as well. This was lifted in 2016 after the establishment of the Joint Comprehensive Plan of Action (JCPOA) under President Barack Obama, also known as the Iran nuclear deal. This paved the way for aircraft orders by Iran Air, previously inaccessible as aircraft made up of more than 10% American parts required US approval- which Iran did not have. The 2011 sanctions meant Boeing planes were off the table, but also those manufactured by Europe’s Airbus due to the quota of American-made parts. Iran Air placed an order with Boeing for 80 aircraft in December 2016, and with Airbus for 100 the same month (initially committed to in January). After three Airbus deliveries, the order was canceled as Iran Air was blacklisted once more in November 2018. Reasons behind recent sanctions Focusing on the recent cases, we can identify several targeted sanctions (imposed specifically on high-value targets for acting on behalf of the local government) -take the latest EU sanctions as an example- and to some extent, comprehensive sanctions as per the US case in 2011. These concern the use of Iran’s aviation industry for means that support the proliferation of weapons of mass destruction, sending soldiers in support of problematic regimes, as well as the hijacking of these airlines for use by the Islamic Revolutionary Guard Corps (IRGC) for transporting weapons to countries that have violated international norms (such as Russia). The primary objectives included limiting the military capabilities of either targeted or third-party countries with which the target deals, while secondary aims cover deterrence in all cases, dissuading other countries from hijacking their industries in the same way. They were unilateral in the US cases – with wide-ranging consequences including limiting possible Airbus aircraft orders in Europe- and regional in the EU case. The humanitarian consequences of these sanctions Looking at the consequences of these sanctions, there are several angles of analysis. Firstly, the recent sanctions have most certainly misfired, that is, they have had negative humanitarian side effects. A lack of access to Western parts due to US sanctions has meant that Iran’s aviation industry has had to make do with what it has. This could be through manufacturing its own spare parts or grounding aircraft indefinitely to use them for spare parts. Sanctions have also meant that the amount of qualified technical support for existing planes has dramatically decreased. Get all the latest aviation news right here on Simple Flying Several accidents have occurred over the last two decades, often with the primary or contributing factors cited as inadequate training, access to simulators (limited by sanctions), and poor maintenance of onboard systems. They have also somewhat backfired, allowing Iran to argue that the West is against the country’s development and in the US case is not standing by its commitments as part of the nuclear deal. It follows a certain discursive strategy by authoritarian regimes to counter sanctions through reference to the outsiders’ imperialism. It can also be a case of shooting in the foot as the aircraft deals for Boeing and Airbus were worth more than $40 billion at list prices, combined. A difficult decision: why did the US sanction Iran’s aviation industry? The Iran aviation industry case represents an example of selectivity issues with sanctions, especially when it came to the US’ measures in 2018. The first option for the US was to block the sales of aircraft completely (which it did) although this reinforces the aforementioned ideological debate portraying the US as not living up to its nuclear deal relief promises. Iran Aseman Airlines operates a diverse fleet of Airbus, Fokker and ATR aircraft. It also shows European countries that the US’ influence limits business for them, too (Airbus). The other option is to approve the deals while subtly imposing additional restrictions. This, however, would be met with loud complaints from Iran. Foreign pressure therefore has an influence on sanctions cases, as explained through this example. It is particularly relevant in the aviation sector, as by imposing sanctions on an airline, you de facto limit the movement of people. In the EU’s latest sanctions, it claimed: The Union does not intend to impede air traffic or people-to-people contacts between the Union and Iran in general. Iran Air was forced to cancel its entire European operation – including flights to London. At the same time, it is true that one-stop flights (typically via Turkey) are also an option for those wishing to fly between Europe and Iran. Given operational challenges in the Middle East, Austrian has suspended its service from Vienna till February 2, while Lufthansa has done the same for its Frankfurt flight which will resume on February 1. Iranian airlines have faced significant challenges for the past four decades.Police body camera shows arrest of driver accused of hitting, killing Gaudreau brothers
By Hannah Fry, Los Angeles Times (TNS) Every day millions of people share more intimate information with their accessories than they do with their spouse. Wearable technology — smartwatches, smart rings, fitness trackers and the like — monitors body-centric data such as your heart rate, steps taken and calories burned, and may record where you go along the way. Like Santa Claus, it knows when you are sleeping (and how well), it knows when you’re awake, it knows when you’ve been idle or exercising, and it keeps track of all of it. People are also sharing sensitive health information on health and wellness apps , including online mental health and counseling programs. Some women use period tracker apps to map out their monthly cycle. These devices and services have excited consumers hoping for better insight into their health and lifestyle choices. But the lack of oversight into how body-centric data are used and shared with third parties has prompted concerns from privacy experts, who warn that the data could be sold or lost through data breaches, then used to raise insurance premiums, discriminate surreptitiously against applicants for jobs or housing, and even perform surveillance. The use of wearable technology and medical apps surged in the years following the COVID-19 pandemic, but research released by Mozilla on Wednesday indicates that current laws offer little protection for consumers who are often unaware just how much of their health data are being collected and shared by companies. “I’ve been studying the intersections of emerging technologies, data-driven technologies, AI and human rights and social justice for the past 15 years, and since the pandemic I’ve noticed the industry has become hyper-focused on our bodies,” said Mozilla Foundation technology fellow Júlia Keserű, who conducted the research. “That permeates into all kinds of areas of our lives and all kinds of domains within the tech industry.” The report “From Skin to Screen: Bodily Integrity in the Digital Age” recommends that existing data protection laws be clarified to encompass all forms of bodily data. It also calls for expanding national health privacy laws to cover health-related information collected from health apps and fitness trackers and making it easier for users to opt out of body-centric data collections. Researchers have been raising alarms about health data privacy for years. Data collected by companies are often sold to data brokers or groups that buy, sell and trade data from the internet to create detailed consumer profiles. Body-centric data can include information such as the fingerprints used to unlock phones, face scans from facial recognition technology, and data from fitness and fertility trackers, mental health apps and digital medical records. One of the key reasons health information has value to companies — even when the person’s name is not associated with it — is that advertisers can use the data to send targeted ads to groups of people based on certain details they share. The information contained in these consumer profiles is becoming so detailed, however, that when paired with other data sets that include location information, it could be possible to target specific individuals, Keserű said. Location data can “expose sophisticated insights about people’s health status, through their visits to places like hospitals or abortions clinics,” Mozilla’s report said, adding that “companies like Google have been reported to keep such data even after promising to delete it.” A 2023 report by Duke University revealed that data brokers were selling sensitive data on individuals’ mental health conditions on the open market. While many brokers deleted personal identifiers, some provided names and addresses of individuals seeking mental health assistance, according to the report. In two public surveys conducted as part of the research, Keserű said, participants were outraged and felt exploited in scenarios where their health data were sold for a profit without their knowledge. “We need a new approach to our digital interactions that recognizes the fundamental rights of individuals to safeguard their bodily data, an issue that speaks directly to human autonomy and dignity,” Keserű said. “As technology continues to advance, it is critical that our laws and practices evolve to meet the unique challenges of this era.” Consumers often take part in these technologies without fully understanding the implications. Last month, Elon Musk suggested on X that users submit X-rays, PET scans, MRIs and other medical images to Grok, the platform’s artificial intelligence chatbot, to seek diagnoses. The issue alarmed privacy experts, but many X users heeded Musk’s call and submitted health information to the chatbot. While X’s privacy policy says that the company will not sell user data to third parties, it does share some information with certain business partners. Gaps in existing laws have allowed the widespread sharing of biometric and other body-related data. Health information provided to hospitals, doctor’s offices and medical insurance companies is protected from disclosure under the Health Insurance Portability and Accountability Act , known as HIPAA, which established federal standards protecting such information from release without the patient’s consent. But health data collected by many wearable devices and health and wellness apps don’t fall under HIPAA’s umbrella, said Suzanne Bernstein, counsel at Electronic Privacy Information Center. “In the U.S. because we don’t have a comprehensive federal privacy law ... it falls to the state level,” she said. But not every state has weighed in on the issue. Washington, Nevada and Connecticut all recently passed laws to provide safeguards for consumer health data. Washington, D.C., in July introduced legislation that aimed to require tech companies to adhere to strengthened privacy provisions regarding the collection, sharing, use or sale of consumer health data. In California, the California Privacy Rights Act regulates how businesses can use certain types of sensitive information, including biometric information, and requires them to offer consumers the ability to opt out of disclosure of sensitive personal information. “This information being sold or shared with data brokers and other entities hypercharge the online profiling that we’re so used to at this point, and the more sensitive the data, the more sophisticated the profiling can be,” Bernstein said. “A lot of the sharing or selling with third parties is outside the scope of what a consumer would reasonably expect.” Health information has become a prime target for hackers seeking to extort healthcare agencies and individuals after accessing sensitive patient data. Health-related cybersecurity breaches and ransom attacks increased more than 4,000% between 2009 and 2023, targeting the booming market of body-centric data, which is expected to exceed $500 billion by 2030, according to the report. “Nonconsensual data sharing is a big issue,” Keserű said. “Even if it’s biometric data or health data, a lot of the companies are just sharing that data without you knowing, and that is causing a lot of anxiety and questions.” ©2024 Los Angeles Times. Visit at latimes.com. Distributed by Tribune Content Agency, LLC.None
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10 analysts have shared their evaluations of Southwest Airlines LUV during the recent three months, expressing a mix of bullish and bearish perspectives. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 7 1 2 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 2 2M Ago 0 0 4 0 0 3M Ago 0 0 2 1 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $29.05, along with a high estimate of $35.00 and a low estimate of $24.00. This upward trend is evident, with the current average reflecting a 19.01% increase from the previous average price target of $24.41. Deciphering Analyst Ratings: An In-Depth Analysis A comprehensive examination of how financial experts perceive Southwest Airlines is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Brandon Oglenski Barclays Raises Equal-Weight $35.00 $32.00 Thomas Wadewitz UBS Announces Sell $27.00 - Catherine O'Brien Goldman Sachs Announces Sell $28.00 - Jamie Baker JP Morgan Raises Neutral $26.00 $20.00 Brandon Oglenski Barclays Raises Equal-Weight $32.00 $27.00 Christopher Stathoulopoulos Susquehanna Raises Neutral $30.00 $25.00 Sheila Kahyaoglu Jefferies Raises Hold $32.00 $24.00 Stephen Trent Citigroup Raises Neutral $31.50 $28.25 Sheila Kahyaoglu Jefferies Raises Underperform $24.00 $20.00 Helane Becker TD Cowen Raises Hold $25.00 $19.00 Key Insights: Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Southwest Airlines. This information provides a snapshot of how analysts perceive the current state of the company. Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Southwest Airlines compared to the broader market. Price Targets: Gaining insights, analysts provide estimates for the future value of Southwest Airlines's stock. This comparison reveals trends in analysts' expectations over time. For valuable insights into Southwest Airlines's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table. Stay up to date on Southwest Airlines analyst ratings. About Southwest Airlines Southwest Airlines is the largest domestic air carrier in the United States by passengers boarded. Southwest operates nearly 800 aircraft in an all-Boeing 737 fleet. Despite offering some longer routes and a few perks for business travelers, the airline predominantly specializes in short-haul, leisure flights operated in a single, open-seating cabin configuration in a point-to-point network. In 2025, Southwest will modify its cabins to offer some seats with extra legroom and will update its ticketing process to offer assigned seats. Southwest Airlines: A Financial Overview Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence. Revenue Growth: Southwest Airlines's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 5.29% . This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector. Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 0.98%, the company may need to address challenges in effective cost control. Return on Equity (ROE): Southwest Airlines's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 0.64%, the company may face hurdles in achieving optimal financial performance. Return on Assets (ROA): Southwest Airlines's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.19%, the company may face hurdles in achieving optimal financial performance. Debt Management: Southwest Airlines's debt-to-equity ratio is below the industry average at 0.87 , reflecting a lower dependency on debt financing and a more conservative financial approach. The Core of Analyst Ratings: What Every Investor Should Know Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks. Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders. Breaking: Wall Street's Next Big Mover Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. Click here for urgent details . This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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