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2025-01-13
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sports volleyball ( MENAFN - GlobeNewsWire - Nasdaq) NEW YORK, Dec. 29, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Celsius Holdings, Inc. (NASDAQ: CELH) between February 29, 2024 and September 4, 2024, both dates inclusive (the“Class Period”), of the important January 21, 2025 lead plaintiff deadline . SO WHAT: If you purchased Celsius common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Celsius class action, go to or call Phillip Kim, Esq. at 866-767-3653 or email ... for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 21, 2025 . A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Celsius materially oversold inventory to PepsiCo, Inc. (“Pepsi”) far in excess of demand, and faced a looming sales cliff during which Pepsi would significantly reduce its purchases of Celsius products; (2) as Pepsi drew down significant amounts of inventory overstock, Celsius' sales would materially decline in future periods, hurting Celsius' financial performance and outlook; (3) Celsius' sales rate to Pepsi was unsustainable and created a misleading impression of Celsius' financial performance and outlook; (4) as a result, Celsius' business metrics and financial prospects were not as strong as indicated in defendants' Class Period statements; and (5) consequently, defendants' statements regarding Celsius' outlook and expected financial performance were false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Celsius class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email ... for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: , on Twitter: or on Facebook: . Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 ... MENAFN29122024004107003653ID1109039951 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

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NORTH VANCOUVER, BC , Nov. 22, 2024 /CNW/ - The past few years have been challenging. It feels like the price of everything has gone up. And while inflation is back to the 2 per cent target and interest rates have been cut four times this year, we know that Canadians aren't yet feeling that in their household budgets. Our government can't set prices at the checkout, but we can give Canadians more money in their pockets – to help them afford the things they need and save for the things they want. Today in North Vancouver , Minister of Energy and Natural Resources, the Honourable Jonathan Wilkinson, visited local restaurant Akbar Joojeh 16 th to highlight the government's plan to put more money in Canadians' pockets. As Prime Minister Justin Trudeau announced on November 21 , starting December 14 , we're giving a tax break to all Canadians . With a GST/HST exemption across the country, Canadians will be able to buy essentials like groceries, snacks, children's clothing, and gifts – all tax-free. This new tax break will apply to: Prepared foods, including pre-made meals and salads, vegetable trays, and sandwiches. Restaurant meals, whether dine-in, takeout, or delivery. Snacks, including chips, candy, and granola bars. Beer, wine, and cider. Children's clothing, footwear, car seats, and diapers. Children's toys, such as board games, dolls, and video-game consoles. Books, print newspapers, and puzzles, for all ages. Christmas trees. This tax break is projected to last until February 15 th . This will deliver meaningful savings for Canadians by making essentially all food GST/HST free, providing real relief at the cash register. Working Canadians will also get some cash back. We're doing this by providing a new Working Canadians Rebate . That means, Canadians who worked in 2023 with net earnings up to $150,000 , will see a $250 cheque in their bank account or mailbox, starting early spring. With the Working Canadians Rebate, we are putting money directly into the pockets of the middle-class – those who have worked so hard to beat inflation. This will give 18.7 million Canadians that extra help to buy what they need. We encourage Parliament and all parties to get this legislation passed quickly and unanimously, so workers and working families get more money in their pockets. Families will be spending quality time together over the coming weeks. Some will light Christmas trees for Santa to put gifts underneath. Some will share meals with family and friends. Some might just make hot chocolate, order some take out, and stay in for a movie night. With today's announcements, we're making the holidays easier and helping Canadians start the new year with a little more in their pockets. Quote "The holiday season is when expenses are highest for many families in North Vancouver—even with inflation back down to 2 per cent and interest rates being cut four times this year. With new tax relief on groceries and holiday essentials, plus a $250 rebate for working Canadians, we are reducing costs when they are highest for Canadians. This means you can focus more on celebrating with family and friends, and start the new year off with a little extra money in your bank account." The Honourable Jonathan Wilkinson Minister of Energy and Natural Resources Quick Facts The GST/HST would be fully relieved on the supply or importation of qualifying goods for a period beginning on December 14, 2024 , and ending on February 15, 2025 . Further details on the qualifying goods are available here . A family spending $2,000 on qualifying goods, such as children's clothing, shoes and toys, diapers, books, snacks for the house, or restaurant meals would pay $100 less GST over the two-month period. Canadians who have claimed tax credits for Canada Pension Plan/Quebec Pension Plan contributions or for Employment Insurance (EI) or Quebec Parental Insurance Plan (QPIP) premiums, and those who reported income from EI or QPIP benefits, with individual net income below $150,000 in 2023, would be eligible for the Working Canadians Rebate. Eligible Canadians would begin receiving the payments starting in early spring 2025. The government is focused on making life more affordable for Canadians, with actions that are already saving families and individuals thousands of dollars a year, including: A new National School Food Program , with $1 billion over five years to provide meals for up to 400,000 more kids each year, ensuring all children have the food they need to have the best start in life, regardless of their family circumstances. The Program is expected to save the average participating family with two children $800 per year in grocery costs, with lower-income families benefitting the most. More money through the Canada Child Benefit , to help with the costs of raising children and make a real difference in the lives of children in Canada . The Canada Child Benefit, which is providing up to nearly $8,000 per child in 2024-25, is indexed annually to keep up with the cost of living and has helped lift hundreds of thousands of children out of poverty since its launch in 2016. Saving families up to $14,300 per child, per year with the Canada -wide $10 -a-day child care system , which has already cut fees for regulated child care to an average of $10 -a-day or less in over half of all provinces and territories and by 50 per cent or more in all others. Saving families about $730 per year with the Canadian Dental Care Plan , which is already available for children under 18, with family incomes under $90,000 , because no one should have to choose between taking care of their kids' teeth and putting food on the table. Related products News Release: More money in your pocket—A tax break for all Canadians and the Working Canadians Rebate Backgrounder: A Tax Break on Groceries and Holiday Essentials SOURCE Natural Resources Canada View original content: http://www.newswire.ca/en/releases/archive/November2024/22/c4318.html © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

It is an ambitious social experiment of our moment in history — one that experts say could accomplish something that parents, schools and other governments have attempted with varying degrees of success: keeping kids off social media until they turn 16 . Australia's new law, approved by its Parliament last week, is an attempt to swim against many tides of modern life — formidable forces like technology, marketing, globalization and, of course, the iron will of a teenager. And like efforts of the past to protect kids from things that parents believe they're not ready for, the nation's move is both ambitious and not exactly simple, particularly in a world where young people are often shaped, defined and judged by the online company they keep. The ban won't go into effect for another year. But how will Australia be able to enforce it? That's not clear, nor will it be easy. TikTok, Snapchat and Instagram have become so ingrained in young people's lives that going cold turkey will be difficult. Other questions loom. Does the ban limit kids' free expression and — especially for those in vulnerable groups — isolate them and curtail their opportunity to connect with members of their community? And how will social sites verify people's ages, anyway? Can't kids just get around such technicalities, as they so often do? This is, after all, the 21st century — an era when social media is the primary communications tool for most of those born in the past 25 years who, in a fragmented world, seek the common cultures of trends, music and memes. What happens when big swaths of that fall away? Is Australia's initiative a good, long-time-coming development that will protect the vulnerable, or could it become a well-meaning experiment with unintended consequences? The law will make platforms including TikTok, Facebook, Snapchat, Reddit, X and Instagram liable for fines of up to 50 million Australian dollars ($33 million) for systemic failures to prevent children younger than 16 from holding accounts. “It’s clear that social media companies have to be held accountable, which is what Australia is trying to do,” said Jim Steyer, president and CEO of the nonprofit Common Sense Media. Leaders and parents in countries around the world are watching Australia’s policy closely as many seek to protect young kids from the internet's dangerous corners — and, not incidentally, from each other. Most nations have taken different routes, from parental consent requirements to minimum age limits. Many child safety experts, parents and even teens who have waited to get on social media consider Australia's move a positive step. They say there’s ample reason to ensure that children wait. “What’s most important for kids, just like adults, is real human connection. Less time alone on the screen means more time to connect, not less," said Julie Scelfo, the founder of Mothers Against Media Addiction, or MAMA, a grassroots group of parents aimed at combatting the harms of social media to children. “I’m confident we can support our kids in interacting in any number of ways aside from sharing the latest meme.” The harms to children from social media have been well documented in the two decades since Facebook’s launch ushered in a new era in how the world communicates. Kids who spend more time on social media, especially as tweens or young teenagers, are more likely to experience depression and anxiety, according to multiple studies — though it is not yet clear if there is a causal relationship. What's more, many are exposed to content that is not appropriate for their age, including pornography and violence, as well as social pressures about body image and makeup . They also face bullying, sexual harassment and unwanted advances from their peers as well as adult strangers. Because their brains are not fully developed, teenagers, especially younger ones the law is focused on, are also more affected by social comparisons than adults, so even happy posts from friends can send them into a negative spiral. Many major initiatives, particularly those aimed at social engineering, can produce side effects — often unintended. Could that happen here? What, if anything, do kids stand to lose by separating kids and the networks in which they participate? Paul Taske, associate director of litigation at the tech lobbying group NetChoice, says he considers the ban “one of the most extreme violations of free speech on the world stage today" even as he expressed relief that the First Amendment prevents such law in the United States "These restrictions would create a massive cultural shift,” Taske said. “Not only is the Australian government preventing young people from engaging with issues they’re passionate about, but they’re also doing so even if their parents are ok with them using digital services," he said. "Parents know their children and their needs the best, and they should be making these decisions for their families — not big government. That kind of forcible control over families inevitably will have downstream cultural impacts.” David Inserra, a fellow for Free Expression and Technology, Cato Institute, called the bill “about as useful as an ashtray on a motorbike” in a recent blog post . While Australia's law doesn't require “hard verification” such as an uploaded ID, he said, it calls for effective “age assurance.” He said no verification system can ensure accuracy while also protecting privacy and not impacting adults in the process. Privacy advocates have also raised concerns about the law's effect on online anonymity, a cornerstone of online communications — and something that can protect teens on social platforms. “Whether it be religious minorities and dissidents, LGBTQ youth, those in abusive situations, whistleblowers, or countless other speakers in tricky situations, anonymous speech is a critical tool to safely challenge authority and express controversial opinions,” Inserra said. A spot check of kids at one mall in the Australian city of Brisbane on Wednesday didn't turn up a great deal of worry, though. “Social media is still important because you get to talk to people, but I think it’s still good that they’re like limiting it,” said Swan Son, a 13-year-old student at Brisbane State High School. She said she has had limited exposure to social media and wouldn’t really miss it for a couple of years. Her parents already enforce a daily one-hour limit. And as for her friends? “I see them at school every day, so I think I’ll be fine.” Conor Negric, 16, said he felt he’d dodged a bullet because of his age. Still, he considers the law reasonable. “I think 16 is fine. Some kids, I know some kids like 10 who’re on Instagram, Snapchat. I only got Instagram when I was 14." His mom, Sive Negric, who has two teenage sons, said she was happy for her boys to avoid exposure to social media too early: “That aspect of the internet, it’s a bit `meanland.'" Parents in Britain and across Europe earlier this year organized on platforms such as WhatsApp and Telegram to promise not to buy smartphones for children younger than 12 or 13. This approach costs almost no money and requires no government enforcement. In the United States, some parents are keeping kids off social media either informally or as part of an organized campaign such as Wait Until 8th, a group that helps parents delay kids' access to social media and phones. This fall, Norway announced plans to ban kids under 15 from using social media, while France is testing a smartphone ban for kids under 15 in a limited number of schools — a policy that could be rolled out nationwide if successful. U.S. lawmakers have held multiple congressional hearings — most recently in January — on child online safety. Still, the last federal law aimed at protecting children online was enacted in 1998, six years before Facebook’s founding. In July, the U.S. Senate overwhelmingly passed legislation designed to protect children from dangerous online content , pushing forward with what would be the first major effort by Congress in decades to hold tech companies more accountable. But the Kids Online Safety Act has since stalled in the House. While several states have passed laws requiring age verification, those are stuck in court. Utah became the first state to pass laws regulating children’s social media use in 2023. In September, a judge issued the preliminary injunction against the law, which would have required social media companies to verify the ages of users, apply privacy settings and limit some features. NetChoice has also obtained injunctions temporarily halting similar laws in several other states. And last May, U.S. Surgeon General Vivek Murthy said there is insufficient evidence to show social media is safe for kids. He urged policymakers to treat social media like car seats, baby formula, medication and other products children use. “Why should social media products be any different? Scelfo said. “Parents cannot possibly bear the entire responsibility of keeping children safe online, because the problems are baked into the design of the products.” Associated Press Writers John Pye in Brisbane, Australia and Laurie Kellman in London contributed to this story.

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In India, when young students are asked about their career goals, many aim to become doctors, engineers, chartered accountants, or aspire to join the IAS or IPS. Every year, thousands of students prepare for the IIT-Joint Entrance Examination (JEE) in hopes of studying at the prestigious Indian Institutes of Technology (IITs). The allure of these institutions lies in the belief that IIT graduates are set for successful careers, often with high-paying job offers from top companies that visit the campuses for recruitment. However, in recent years, the job placement trends at these institutions have started to show worrying signs. According to placement reports, around 38% of students from IITs and NITs did not secure any job offers during campus placement drives this year. For example, out of 24,230 students, approximately 8,000 failed to land jobs. Since 2022, many IIT graduates are still without jobs, with around 321 in 2022 and 172 in 2023 still jobless. Additionally, the average salary offered to final-year students in pre-placement offers has dropped from Rs 25 lakh per annum to Rs 16 lakh per annum, with the lowest offer being Rs 4.20 lakh per annum. Several factors have contributed to this shift. One major influence is the global geopolitical and economic situation. Ongoing conflicts around the world, such as those involving Russia, Ukraine, Israel, and the Middle East, have disrupted international trade and business. As a result, many companies have reduced hiring or offered lower salaries due to financial pressures. Industries like IT, travel, and tourism have been particularly affected, leading to fewer job opportunities for fresh graduates. Another challenge is the rise of automation and artificial intelligence (AI). With AI technologies increasingly handling tasks that were once performed by engineers, companies are reducing their dependence on human resources. Bill Gates has even predicted that IT companies will soon hire fewer engineers, as AI will take over roles like software development and testing. Companies like SpaceX and Tesla are already using robots in manufacturing, minimizing their need for human workers. This shift in technology has had a direct impact on the job market for engineering graduates, especially in IT and manufacturing sectors. The outdated curriculum in many colleges also contributes to the rising unemployment among graduates. Many institutes have not updated their courses to keep pace with technological advancements, leaving students ill-prepared for the changing demands of the job market. To stay competitive, students need to focus on acquiring new skills, especially in fields like AI, machine learning, and automation. So, what can students do to secure better job opportunities? The focus should be on upskilling and adapting to new technologies. Institutes must update their curriculum to include these new fields, and students should take initiative to learn about emerging technologies. Additionally, aspiring engineers should consider exploring entrepreneurship and start-up opportunities, as this can offer a path to success even in challenging times. The government also plays a crucial role by providing support to young entrepreneurs through funding and training programs. In conclusion, while global challenges like political conflicts and technological disruptions are beyond students’ control, there are ways to adapt and thrive. A supportive educational environment, updated curricula, and an entrepreneurial mindset can help students overcome these challenges and remain competitive on the global stage.The King and the Prime Minister have paid tribute to Jimmy Carter following the former US president’s death on Sunday aged 100. In a message to the American people, the King expressed “great sadness” at the news of Mr Carter’s death, describing him as “a committed public servant” who “devoted his life to promoting peace and human rights”. He added: “His dedication and humility served as an inspiration to many, and I remember with great fondness his visit to the United Kingdom in 1977. “My thoughts and prayers are with President Carter’s family and the American people at this time.” Mr Carter, a former peanut farmer, served one term in the White House between 1977 and 1981 and spent his post-presidency years as a global humanitarian, winning the Nobel Peace Prize in 2002. Sir Keir Starmer said Mr Carter had “lived his values in the service of others to the very end” through “decades of selfless public service”. Praising a “lifelong dedication to peace” that saw him win the Nobel Peace Prize in 2002, Sir Keir added: “Motivated by his strong faith and values, President Carter redefined the post-presidency with a remarkable commitment to social justice and human rights at home and abroad.” Tributes to Mr Carter followed the announcement of his death by his family on Sunday, more than a year after he decided to enter hospice care. His son, Chip Carter, said: “My father was a hero, not only to me but to everyone who believes in peace, human rights, and unselfish love.” Very sorry to hear of President Carter’s passing. I pay tribute to his decades of selfless public service. My thoughts are with his family and friends at this time. pic.twitter.com/IaKmZcteb1 — Keir Starmer (@Keir_Starmer) December 29, 2024 US President Joe Biden, one of the first elected politicians to endorse Mr Carter’s bid for the presidency in 1976, said the world had “lost an extraordinary leader, statesman and humanitarian”. He said: “Over six decades, we had the honour of calling Jimmy Carter a dear friend. But, what’s extraordinary about Jimmy Carter, though, is that millions of people throughout America and the world who never met him thought of him as a dear friend as well. “With his compassion and moral clarity, he worked to eradicate disease, forge peace, advance civil rights and human rights, promote free and fair elections, house the homeless, and always advocate for the least among us.” Vice President Kamala Harris said Mr Carter “reminded our nation and the world that there is strength in decency and compassion”. “His life and legacy continue to inspire me — and will inspire generations to come,” she said. “Our world is a better place because of President Carter.” Other UK politicians also paid tribute to Mr Carter. Liberal Democrat leader Sir Ed Davey said he was “an inspiration” who “led a truly remarkable life dedicated to public service with a genuine care for people”. Scottish First Minister John Swinney described the former president as “a good, decent, honest man who strove for peace in all that he did”, while Welsh First Minister said he was “a remarkable man” and “a humanitarian and scholar”. Former prime minister Sir Tony Blair said Mr Carter’s “life was a testament to public service”. He added: “I always had the greatest respect for him, his spirit and his dedication. He fundamentally cared and consistently toiled to help those in need.” Mr Carter is expected to receive a state funeral featuring public observances in Atlanta, Georgia, and Washington DC before being buried in his hometown of Plains, Georgia. A moderate democrat born in Plains in October 1924, Mr Carter’s political career took him from the Georgia state senate to the state governorship and, finally, the White House, where he took office as 39th president in the wake of the Watergate scandal and the Vietnam War. His presidency saw economic disruption amid volatile oil prices, along with social tensions at home and challenges abroad including the Iranian revolution that sparked a 444-day hostage crisis at the US embassy in Tehran. But he also brokered the Camp David Accords between Egypt and Israel, which led to a peace treaty between the two countries in 1979. After his defeat in the 1980 presidential election, he worked more than four decades leading The Carter Centre, which he and his late wife Rosalynn co-founded in 1982 to “wage peace, fight disease, and build hope”. Under his leadership, the Carter Center virtually eliminated Guinea Worm disease, which has gone from affecting 3.5 million people in Africa and Asia in 1986 to just 14 in 2023. Mrs Carter, who died last year aged 96, had played a more active role in her husband’s presidency than previous first ladies, with Mr Carter saying she had been “my equal partner in everything I ever accomplished”. Earlier this year, on his 100th birthday, Mr Carter received a private congratulatory message from the King, expressing admiration for his life of public serviceElon Musk has hit back at the Sydney Morning Herald after the masthead wildly predicted the billionaire would quit Tesla in 2025. SMH published an opinion piece by technology editor David Swan on Sunday evening which shared a series of predictions for tech in the new year. One of the predictions centred on Musk and whether his busy list of commitments would force him to part ways with Tesla as he focuses on a new role in 2025 as the joint lead of the Department of Government Efficiency in the Trump administration. "To be juggling leadership roles at X, Tesla, SpaceX, xAI, the Boring Company and Neuralink was already unsustainable," the SMH op-ed read. "Musk has already found himself at loggerheads with MAGA diehards like Steve Bannon over immigration issues, and the inauguration is still weeks away. He’s also been at loggerheads with the justice system, after a US judge blocked Musk’s $US56 billion ($90 billion) pay package from Tesla. "After constant controversies and distractions, it will all come to a head in 2025, and Musk will be forced to hand over the reins at Tesla, a company many mistakenly think he founded." The 53-year-old hit back with a tongue-in-cheek reply on X, after a Musk supporter shared the article's headline with a quote from the prediction. "I predict that the Sydney Morning Herald will continue to lose readership in 2025 for relentlessly lying to their audience and boring them to death," he said. Social media influencer and journalist at The Post Millennial Andy Ngo, also chimed in on the thread, saying the SMH had previously published lies about him after it claimed he had been banned from X before being reinstated. "The Sydney Morning Herald published these lies. I was never banned on this platform, even under the worst times from the prior regime," he said. Musk's comments come after the SMH was forced to issue an apology for falsely identifying South Australian barrister Ian Roberts as one of the two men who died during the Sydney to Hobart yacht race on Friday. NSW Police confirmed two men, aged 55 and 65, had died but neither was publicly identified initially. Authorities confirmed the 65-year-old was aboard the Bowline and was a native of South Australia in a press conference on Friday morning. Hours later, the SMH published an article identifying the man as Mr Roberts, the skipper and owner of the Bowline. However, that article was taken down within an hour after it emerged the Adelaide-based barrister was in fact alive and well. The paper subsequently issued a public apology to the 65-year-old after the error was identified. "The Sydney Morning Herald incorrectly named Adelaide barrister Ian Roberts as one of the victims in the Sydney to Hobart yacht race," the SMH said in a statement. "This was incorrect. We apologise to Mr Roberts and his family." Nick Smith, 55, and Roy Quaden, 65, were later identified as the men to have died. The Sydney Morning Herald’s circulation has been steadily declining for several years, losing more than a million readers since 2022 across digital and print. In May, the paper bragged about having 7.3 million readers across all platforms, but that figure was down 1.1 million from its 2022 results.

Closing marks second significant acquisition from RA Capital's Raven incubator in 2024, and first acquisition of a company built by Raven from a technology platform in-licensed from a large pharmaceutical company BOSTON , Dec. 11, 2024 /PRNewswire/ -- RA Capital Management, LP (RA Capital), a multi-stage investment manager dedicated to evidence-based investing in public and private healthcare, life sciences, and planetary health companies, today announced that AbbVie has closed its $1.4 billion acquisition of RA Capital's portfolio company Aliada Therapeutics. Aliada's lead investigational asset is ALIA-1758, an anti-pyroglutamate amyloid beta (3pE-Aβ) antibody, which is in development for the treatment of Alzheimer's disease and is currently in a Phase 1 clinical trial. ALIA-1758 utilizes a novel blood-brain barrier-crossing technology that enhances delivery of targeted drugs into the central nervous system. Johnson & Johnson (through its venture capital arm, Johnson & Johnson Innovation – JJDC, Inc.), RA Capital, and Raven (RA Capital's healthcare incubator) co-founded Aliada and co-led the series seed financing in 2021 to advance the MODELTM platform created by Johnson & Johnson scientists that was licensed to Aliada at its inception. "Congratulations to the Aliada and AbbVie teams and our fellow investors on the close of this transaction," said Joshua Resnick , MD, Senior Managing Director at RA Capital Management and former board director at Aliada. "The acquisition of Aliada is the second significant acquisition of a Raven-grown company this year, joining Novartis' $1 billion upfront acquisition of radiopharmaceutical developer Mariana Oncology in May." "Delivering therapeutics across the blood-brain barrier with a low-volume, subcutaneous injection would be revolutionary for treating Alzheimer's disease and other neurological disorders, and has long been a dream in the field," said Laura Tadvalkar , PhD, Managing Director at RA Capital Management and former board chair at Aliada. "We look forward to following ALIA-1758's progress through the clinic, as AbbVie advances this important medicine for Alzheimer's disease patients." About Raven Raven is RA Capital Management's healthcare incubator. Raven's experienced team of scientists, operators, and innovators bring deep sector expertise, insight and executional capabilities across therapeutics, diagnostics, devices, and services. Raven builds companies: from originating and incubating new ideas to accelerating compelling innovations and rejuvenating promising assets. About RA Capital Founded in 2004, RA Capital Management is a multi-stage investment manager dedicated to evidence-based investing in public and private healthcare, life sciences, and planetary health companies. RA Capital creates and funds innovative companies, from private seed rounds to public follow-on financings, allowing management teams to drive value creation from inception through commercialization and beyond. RA Capital's knowledge engine is guided by our TechAtlas internal research division, and Raven, RA Capital's company creation team, offers entrepreneurs and innovators a collaborative and comprehensive platform to explore the novel and the re-imagined. RA Capital has more than 175 employees and over $10 billion in assets under management. The companies presented herein were selected to demonstrate a potential successful outcome of a company being incubated within our Raven incubator. They are not intended to represent a complete picture of RA Capital's portfolio, its exposures, risks or potential for positive or negative returns. Past performance is not indicative of future results. View original content to download multimedia: https://www.prnewswire.com/news-releases/ra-capital-management-announces-close-of-1-4-billion-acquisition-of-aliada-therapeutics-by-abbvie-302329567.html SOURCE RA Capital Management, LPNone

From Astro Bot to Prince of Persia: 15 best video games of 2024Tyrese Hunter tossed in a game-high 26 points to lead Memphis to a 99-97 upset victory over No. 2 UConn on Monday in the first round of the Maui Invitational in Lahaina, Hawaii. Hunter, who played at Iowa State and Texas before transferring to Memphis, made eight field goals with 7-of-10 3-point shooting. The Tigers (5-0) connected on 12 of their 22 3-point attempts in the win. UConn's Hassan Diarra made a free throw to cut the Memphis lead to 99-97 with 2.2 seconds left. He intentionally missed the second free throw and collected the loose ball, but his desperation shot was off the mark. It was 92-92 when UConn's Liam McNeeley was called for an offensive foul with 40.3 seconds left. UConn coach Dan Hurley received a technical for arguing the foul call, and PJ Carter made all four free throws to give the Tigers a four-point lead. Memphis, which squandered a 13-point lead with four minutes to play in regulation, received 22 points from PJ Haggerty, 19 from Colby Rogers and 14 from Dain Dainja. Memphis will play the winner of Monday night's game between Colorado and Michigan State in Tuesday's semifinals. UConn will face the loser of that contest. Tarris Reed Jr. had a team-high 22 points and a game-high 11 rebounds for UConn (4-1) before he fouled out with 3:18 to play. He made 10 of his 13 field goal attempts. Alex Karaban added 19 points for the Huskies. Jaylin Stewart scored a career-high 16 points, Diarra had 12 and McNeeley added 10. UConn trailed 82-79 after Diarra made two free throws with 24.2 seconds to play in regulation. The Huskies then forced a turnover and tied the game on a 3-pointer by Solo Ball with 1.2 on the clock. Although Memphis shot 56.5 percent from the field (13 for 23) and 50 percent from 3-point territory (5 for 10) in the first half, the game was tied 40-40 after 20 minutes. Neither team led by more than six points in the half. UConn received 29 points from its bench in the first half. Reed scored 15 of those points and Stewart supplied the other 14. --Field Level Media

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