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NEW YORK , Dec. 13, 2024 /PRNewswire/ -- Agriculture & Natural Solutions Acquisition Corporation, a special purpose acquisition company ("ANSC"), announced today that the Treasurer of Australia (the "Treasurer") on December 12, 2024 (Australian Eastern Daylight Time) confirmed that the Commonwealth Government of Australia has no objection to ANSC's previously announced proposed business combination with Australian Food & Agriculture Company Limited ("AFA") and the other parties to the Business Combination Agreement dated August 28, 2024 (the "Business Combination") (known colloquially as "FIRB Approval" as the Treasurer is advised on such matters by the Foreign Investment Review Board). FIRB Approval is one of the conditions to closing of the Business Combination. ABOUT AFA AFA is a large-scale, diversified agricultural business established by the late Colin Bell in 1993 with the acquisition of the historic 'Burrabogie' station. AFA now operates one of the largest agricultural portfolios in New South Wales, Australia consisting of three major freehold title land aggregations within the Deniliquin, Hay and Coonamble districts, which total approximately 550,000 acres, and a water portfolio of approximately 45,000 acre-feet. AFA's portfolio includes some of Australia's most iconic properties, including 'Boonoke', 'Burrabogie', 'Wanganella' and 'Wingadee'. The company has total livestock carrying capacity of approximately 247,000 dry sheep equivalent across its sheep wool and meat and cattle operations (excluding the Conargo feedlot). AFA also operates the historic Wanganella and Poll Boonoke merino sheep studs, amongst the most highly regarded studs in Australia . AFA's cropping operations are characterized by flexibility amongst crop types, geographies and seasons. Key crops include irrigated cotton, irrigated rice, wheat, barley, canola, corn, chick peas and faba beans. More recently, the company has developed the state-of-the-art Conargo feedlot with a licensed capacity of 12,000 standard cattle units. ABOUT ANSC ANSC was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination. ANSC represents a further expansion of its sponsors' 18-year franchise in low-carbon investments, having established industry leading, scaled companies with more than $6 billion of equity invested in renewables. FORWARD LOOKING STATEMENTS This document includes certain statements that may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are not guarantees of future performance, conditions, or results, and involve a number of known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside of ANSC, Agriculture & Natural Solutions Company Limited ACN 680 144 085 ("NewCo") or AFA's management's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Accordingly, forward-looking statements should not be relied upon as representing ANSC's, AFA's or NewCo's views as of any subsequent date, and none of ANSC, AFA or NewCo undertakes any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. None of NewCo, ANSC or AFA gives any assurance that any of NewCo, ANSC or AFA will achieve its expectations. You should not place undue reliance on these forward-looking statements. As a result of a number of known and unknown risks and uncertainties, NewCo's actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: (i) the ability of the parties to complete the Business Combination by ANSC's business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by ANSC; (ii) the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive agreements relating to the Business Combination; (iii) the outcome of any legal, regulatory or governmental proceedings that may be instituted against NewCo, ANSC or AFA or any investigation or inquiry following announcement of the Business Combination, including in connection with the Business Combination; (iv) the inability to complete the Business Combination due to the failure to obtain approval of ANSC's shareholders; (v) AFA's and NewCo's success in retaining or recruiting, or changes required in, their officers, key employees or directors following the Business Combination; (vi) the ability of the parties to obtain the listing of the ordinary shares in the capital of NewCo ("NewCo Ordinary Shares") and warrants to purchase NewCo Ordinary Shares on the New York Stock Exchange or another national securities exchange upon the closing of the Business Combination; (vii) the risk that the Business Combination disrupts current plans and operations of AFA as a result of the announcement and consummation of the transactions described herein; (viii) the ability to recognize the anticipated benefits of the Business Combination; (ix) unexpected costs related to the Business Combination, which may be affected by, among other things, competition and the ability of AFA to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its key employees; (x) the ability of the parties to consummate one or more private placements of securities of NewCo to be consummated in connection with the Business Combination (the "Private Placements") on the stated timeline; (xi) the use of proceeds from the Private Placements by the combined company; (xii) the risk that there will be insufficient cash raised through the Private Placements, or that the amount of redemptions by ANSC's public shareholders is greater than expected; (xiii) the management and board composition of NewCo following completion of the Business Combination; (xiv) limited liquidity and trading of NewCo's securities; (xv) geopolitical risk and changes in applicable laws or regulations, including legal or regulatory developments (including, without limitation, accounting considerations) which could result in the need for AFA to restate its historical financial statements and cause unforeseen delays in the timing of the Business Combination and negatively impact the trading price of NewCo's securities and the attractiveness of the Business Combination to investors; (xvi) the possibility that AFA may be adversely affected by other economic, business, and/or competitive factors; (xvii) operational risks; (xviii) the possibility that a pandemic or major disease disrupts AFA's business; (xix) litigation and regulatory enforcement risks, including the diversion of management time and attention and the additional costs and demands on AFA's resources; (xx) the risks that the consummation of the Business Combination is substantially delayed or does not occur including the risk that the transaction may not be completed by ANSC's business combination deadline and the potential failure to obtain extensions of the business combination deadline if sought by ANSC; and (xxi) other risks and uncertainties indicated from time to time in the proxy statement/prospectus relating to the Business Combination, including those under "Risk Factors" therein, and in ANSC's, AFA's and NewCo's other filings with the SEC. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. No Offer or Solicitation This communication relates to a proposed business combination between AFA and ANSC. This document shall not constitute a "solicitation" of a proxy, consent, or authorization, as defined in Section 14 of the Exchange Act, with respect to any securities or in respect of the Business Combination. This document also does not constitute an offer, or a solicitation of an offer, to buy, sell, or exchange any securities, investment or other specific product, or a solicitation of any vote or approval, nor shall there be any offer, sale or exchange of securities, investment or other specific product in any jurisdiction in which such offer, solicitation or sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities will be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act or an exemption therefrom. Additional Information About the Business Combination and Where To Find It In connection with the Business Combination, ANSC, NewCo and AFA intend to file a registration statement on Form F-4 relating to the Business Combination (the "Registration Statement") with the SEC, which will include a proxy statement of ANSC in connection with ANSC's extraordinary general meeting of its shareholders (the "ANSC Shareholders' Meeting") and certain other related matters described in the Registration Statement. The Registration Statement, including the proxy statement/prospectus contained therein, will contain important information about the Business Combination and the other matters to be voted upon at the ANSC Shareholders' Meeting. This communication does not contain all the information that should be considered concerning the Business Combination and other matters and is not intended to provide the basis for any investment decision or any other decision in respect of such matters. ANSC, AFA and NewCo may also file other documents with the SEC regarding the Business Combination. INVESTORS AND SECURITY HOLDERS OF ANSC AND OTHER INTERESTED PERSONS ARE URGED TO READ, WHEN AVAILABLE, THE REGISTRATION STATEMENT, INCLUDING THE PROXY STATEMENT/PROSPECTUS INCLUDED THEREIN, ANY AMENDMENTS THERETO AND DOCUMENTS INCORPORATED BY REFERENCE, AND ANY OTHER RELEVANT DOCUMENTS THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH THE BUSINESS COMBINATION CAREFULLY AND IN THEIR ENTIRETY BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT ANSC, NEWCO, AFA, AND THE BUSINESS COMBINATION. After the Registration Statement is declared effective by the SEC, ANSC will mail the definitive proxy statement/prospectus relating to the Business Combination to its shareholders as of the record date established for voting on the Business Combination. Shareholders will also be able to obtain copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus and other relevant materials in connection with the Business Combination without charge, once available, at the SEC's website at www.sec.gov or by directing a request to: Agriculture & Natural Solutions Acquisition Corporation, 712 Fifth Avenue, 36 th Floor, New York, NY 10019. Participants in the Solicitation ANSC, NewCo, AFA and their respective directors and executive officers and related persons may be deemed participants in the solicitation of proxies from ANSC's shareholders in connection with the Business Combination. ANSC's shareholders and other interested persons may obtain, without charge, more detailed information regarding the directors and officers of ANSC and their direct or indirect interests therein in ANSC's Form 10-K filed with the SEC on March 28, 2024 (File No. 001-41861), including, without limitation, "Item 10. Directors, Executive Officers and Corporate Governance", "Item 11. Executive Compensation", "Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters" and "Item 13. Certain Relationships and Related Transactions, and Director Independence". Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to ANSC's shareholders in connection with the Business Combination and other matters to be voted upon at the ANSC Shareholders' Meeting will be set forth in the proxy statement/prospectus for the Business Combination when available. You may obtain free copies of these documents as described above. Media Contact Daniel Yunger / Emma Cloyd Kekst CNC daniel.yunger@kekstcnc.com / emma.cloyd@kekstcnc.com View original content: https://www.prnewswire.com/news-releases/agriculture--natural-solutions-acquisition-corporation-receives-firb-approval-in-connection-with-previously-announced-business-combination-302331743.html SOURCE Agriculture & Natural Solutions Acquisition Corporation
A 9th telecoms firm has been hit by a massive Chinese espionage campaign, the White House saysBenzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. Major averages jumped on Friday but still logged weekly losses, with the Dow down 2.3%, the S&P 500 falling 2%, and the Nasdaq losing 1.8%. The Federal Reserve’s widely anticipated 25-basis-point rate cut on Wednesday was overshadowed by its revised 2025 inflation forecasts and Jerome Powell ‘s cautious stance, dampening hopes for deeper cuts next year. Powell emphasized a "new phase" of monetary policy after a 100-basis-point reduction in 2024, signaling only gradual easing in 2025 . Bitcoin BTC/USD , which had reached a record $108,388 before the Fed meeting, fell below $100,000 as markets absorbed the news. Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week’s most bullish and bearish posts that are worth another look. The Bulls “ Elon Musk Hopes TSLA Stock Will Reach $690 As Analysts Raise Price Target Despite Technical Indicators Flashing Warning Signals ,” by Anan Ashraf , reports Elon Musk's optimism about Tesla Inc. TSLA reaching $690, as analysts upgraded the stock with $515 price targets, citing potential benefits from Musk's alignment with Donald Trump's pro-autonomous vehicle policies. “ Dave Portnoy Says He Owns $1.5 Million Bitcoin, $1.3 Million XRP: ‘Bet It And Set It, Not Trading’ ,” by Chris Katje , reveals that Dave Portnoy , founder of Barstool Sports , holds $1.5 million in Bitcoin and $1.3 million in XRP XRP/USD , emphasizing a long-term investment strategy rather than active trading, following insights from a recent conversation with Michael Saylor . “ Nvidia And 5 Other Stocks Are Analyst’s Top Semiconductor Picks For 2025, Sees 2 AI Trends ,” by Hayden Buckfire , highlights a Bank of America analyst naming NVIDIA Corp. NVDA , Broadcom Inc. AVGO , and Marvell Technology Inc. MRVL as top AI-driven semiconductor picks for 2025, alongside Lam Research Corp. LRCX , ON Semiconductor Corp. ON , and Cadence Design Systems Inc. CDNS . For additional bullish calls of the past week, check out the following: Microsoft Scoops Up 485,000 Nvidia AI Chips, Twice As Many As Its Closest Rival Meta: Report Amazon Has 20,000 Rivian Electric Delivery Vans In Fleet: Here’s What Could Be Next For Both Companies Joby Clears FAA Tail Test, Stock Flies Higher The Bears “ Jim Cramer Warns Nvidia’s ‘Vicious’ And ‘Fast’ Reversal Is Coming Amid 174% Surge This Year And China Antitrust Probe ,” by Kaustubh Bagalkote , features Jim Cramer 's caution about NVIDIA Corp. NVDA facing a sharp correction after its 174% YTD gain, amid heightened regulatory scrutiny from China over its Mellanox Technologies acquisition. “ Dogecoin Bull Says He ‘Had To Sell’ As Meme King Plunges To 5-Week Low But Derivative Traders Remain Bullish ,” by Aniket Verma , reports on Dogecoin DOGE/USD dropping amid Federal Reserve concerns, with early adopter Glauber Contessoto selling some holdings. “ CVS, Cigna, UnitedHealth Shares Slide As Trump Targets Drug ‘Middleman’ ,” by Adam Eckert , reports that shares of CVS Health Corp. CVS , Cigna Group CI , and UnitedHealth Group Inc. UNH dropped after Trump vowed to eliminate Pharmacy Benefit Managers, citing their role in inflating drug prices and contributing to industry inefficiencies. For more bearish takes, be sure to see these posts: Trump Administration Could Ban Amazon’s Top-Selling Routers Linked To Chinese Cyberattacks: Report Bitcoin Crash Could Trigger Stock Market Decline In 2025, Warns Expert: ‘I’m Very Worried That People Overextended Themselves’ Costco Warns That Tariffs Raise Prices, Trump Team Says Trade Policies Will ‘Make Life Affordable’ Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter . This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Trump threat to immigrant health care tempered by economic hopesVANCOUVER, British Columbia, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Revolve Renewable Power Corp. REVV REVVF (" Revolve " or the " Company "), a North American owner, operator and developer of renewable energy projects, is pleased to announce that CEO Myke Clark will present live at the Small Cap Growth Virtual Investor Conference hosted by VirtualInvestorConferences.com, on December 5 th , 2024. DATE : December 5 th TIME: 11:30am ET LINK: https://bit.ly/3Yknp3z Mr. Clark is also available for 1x1 meetings. Mr. Clark will provide an update on Revolve's renewable energy project pipeline and corporate catalysts, including: A review of Q1, F2025 results including a 300% increase in the Company's long-term recurring revenue stream. The recent completion of a major interconnection milestone at the Company's 49.6MW Primus Wind project in the U.S. The recent acquisition of a 30 MW solar development project in Alberta, Canada and the current permitting process. This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates. Learn more about the event at www.virtualinvestorconferences.com . For further information contact: Myke Clark, CEO IR@revolve-renewablepower.com 778-372-8499 A bout Revolve Revolve was formed in 2012 to capitalize on the growing global demand for renewable power. Revolve develops utility-scale wind, solar, hydro and battery storage projects in the US, Canada and Mexico. The Company has a second division, Revolve Renewable Business Solutions which installs and operates sub 20MW "behind the meter" distributed generation (or "DG") assets. Revolve's portfolio includes the following: Operating Assets: 11MW (net) of operating assets under long term power purchase agreements across Canada and Mexico covering wind, solar, battery storage and hydro generation; Under Construction: a 3MW CHP project and a 450kWp rooftop solar project that are both under construction and expected to be operational later this year; and Development: a diverse portfolio of utility scale development projects across the US, Canada and Mexico with a combined capacity of over 3,000MWs as well as a 140MW+ distributed generation portfolio that is under development. Revolve has an accomplished management team with a demonstrated track record of taking projects from "greenfield" through to "ready to build" status and successfully concluding project sales to large operators of utility-scale renewable energy projects. To-date, Revolve has developed and sold over 1,550MW of projects. Going forward, Revolve is targeting 5,000MW of utility-scale projects under development in the US, Canada and Mexico, and in parallel is rapidly growing its portfolio of revenue-generating DG assets. Non-IFRS Measures This press release refers to certain non-IFRS measures including Earnings before Interest, Taxes, Depreciation and Amortization ("EBITDA"). Non-IFRS measures and industry metrics do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. These measures are provided as additional information to complement IFRS measures by providing further understanding of our results of operations from management's perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of our financial information reported under IFRS. The term EBITDA consists of net loss or gain and excludes interest, taxes, depreciation and amortization. The most directly comparable measure to EBITDA calculated in accordance with IFRS is net gain or net loss . The term EBITDA margin consists of the percentage of net loss or gain and excludes interest, taxes, depreciation and amortization. These measures, have limitations, and are provided in addition to, and not as an alternative for, and should be read in conjunction with, the information contained in our financial statements prepared in accordance with GAAP (including the notes), included in our filings on SEDAR+ at sedarplus.ca and posted on our website. Financial Projections The Company's financial projections are inherently speculative and may prove to be inaccurate. Any financial projections provided in this press release have been prepared in good faith based upon the estimates and assumptions considered reasonable by management. However, projections are no more than estimates of possible events and should not be relied upon to predict the results that the Company may attain. Future oriented financial information in this press release includes statements with respect to forecasted revenues and EBITDA that are expected to be generated by the Project. There is a risk that the assumptions related to these revenue and EBITDA forecasts may not be met and that the Project will not meet the conditions to start construction. The projections are based upon several estimates and assumptions and have not been examined, reviewed or compiled by independent accountants or other third-party experts, including assumptions with respect to the anticipated expenses and future revenues from the Project. These assumptions may vary from the actual results. Accordingly, there is no assurance that future events will correspond to management's assumptions for the Project. Any variations of actual results from projections related to the Project may be material and adverse. Future-oriented financial information and financial outlooks, as with forward-looking information generally, are, without limitation, based on the reasonable assumptions of the Company and management as at the date hereof. Our actual financial position and results of operations and the Project may differ materially from management's current expectations and, as a result, our revenue, profitability, EBITDA may differ materially from any revenue, and profitability profiles provided in this press release. Such information is presented for illustrative purposes only and may not be an indication of our actual financial position or results of operations. Revolve does not provide reconciliations for forward-looking non-GAAP financial measures as Revolve is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing or number of various events that have not yet occurred, are out of Revolve's control and/or cannot be reasonably predicted, and that would impact the most directly comparable forward-looking GAAP financial measure. For these same reasons, Revolve is unable to address the probable significance of the unavailable information. Forward-looking non-GAAP financial measures may vary materially from the corresponding GAAP financial measures. Forward Looking Information The forward-looking statements contained in this news release constitute ‘‘forward-looking information'' within the meaning of applicable securities laws in each of the provinces and territories of Canada and the respective policies, regulations and rules under such laws and ‘‘forward-looking statements'' within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, ‘‘forward-looking statements"). The words "will", "expects", "estimates", "projections", "forecast", "intends", "anticipates", "believes", "targets" (and grammatical variations of such terms) and similar expressions are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward looking statements in this press release include statements with respect to the proposed acquisition of the Project. This forward-looking information and other forward-looking information are based on our opinions, estimates and assumptions considering our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we currently believe are appropriate and reasonable in the circumstances. Despite a careful process to prepare and review the forward-looking information, there can be no assurance that the underlying opinions, estimates and assumptions will prove to be correct. Material factors underlying forward-looking information and management's expectations include: the receipt of applicable regulatory approvals; the absence of material adverse regulatory decisions being received and the expectation of regulatory stability; the absence of any material equipment breakdown or failure; availability of financing on commercially reasonable terms and the stability of credit ratings of the Company and its subsidiaries; the absence of unexpected material liabilities or uninsured losses; the continued availability of commodity supplies and stability of commodity prices; the absence of interest rate increases or significant currency exchange rate fluctuations; the absence of significant operational, financial or supply chain disruptions or liability, including relating to import controls and tariffs; the continued ability to maintain systems and facilities to ensure their continued performance; the absence of a severe and prolonged downturn in general economic, credit, social or market conditions; the successful and timely development and construction of new projects; the absence of capital project or financing cost overruns; sufficient liquidity and capital resources; the continuation of long term weather patterns and trends; the absence of significant counterparty defaults; the continued competitiveness of electricity pricing when compared with alternative sources of energy; the realization of the anticipated benefits of the Company's acquisitions and joint ventures; the absence of a change in applicable laws, political conditions, public policies and directions by governments, materially negatively affecting the Company; the ability to obtain and maintain licenses and permits; maintenance of adequate insurance coverage; the absence of material fluctuations in market energy prices; the absence of material disputes with taxation authorities or changes to applicable tax laws; continued maintenance of information technology infrastructure and the absence of a material breach of cybersecurity; the successful implementation of new information technology systems and infrastructure; favourable relations with external stakeholders; our ability to retain key personnel; our ability to maintain and expand distribution capabilities; and our ability to continue investing in infrastructure to support our growth. Such uncertainties and risks may include, among others, market conditions, delays in obtaining or failure to obtain required regulatory approvals in a timely fashion, or at all; the availability of financing, fluctuating prices, the possibility of project cost overruns, mechanical failure, unavailability of parts and supplies, labour disturbances, interruption in transportation or utilities, adverse weather conditions, and unanticipated costs and expenses, variations in the cost of energy or materials or supplies or environmental impacts on operations, disruptions to the Company's supply chains; changes to regulatory environment, including interpretation of production tax credits; armed hostilities and geopolitical conflicts; risks related to the development and potential development of the Company's projects; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; the availability of tax incentives in connection with the development of renewable energy projects and the sale of electrical energy; as well as those factors discussed in the sections relating to risk factors discussed in the Company's continuous disclosure filings on SEDAR+ at sedarplus.ca . There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned that given these risks, undue reliance should not be placed on these forward-looking statements, which apply only as of their dates. Other than as specifically required by law, the Company undertakes no obligation to update any forward-looking statements to reflect new information, subsequent or otherwise. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether because of new information, future events or otherwise, except as required by law. Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company does not undertake to update this information at any time except as required in accordance with applicable laws. "Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Editor’s Note: My colleague Eric Fry has been showing his members how to invest in the “Race to AGI” in his publications for many months. And along the way, he’s stacked up big winners like roughly 150% gains on both HP and SQ calls... 100% profits on INTC calls... partial gains of 330% on GLW calls... and around 100% gains on both AMZN and GOOGL stock. However, the massive stock returns we’ve seen from these builders of the AI “superhighway” may be approaching their end. As the AI Revolution accelerates, AI itself isn’t going to take over the world – but businesses using AI will. So I’ve invited Eric here today to tell us about the next huge AI stock winners... the companies building new businesses on top of the AI superhighway (and eventually the AGI highway). In fact, I recently worked with Eric and our colleague Luke Lango to put together a portfolio of the best of the best of these stocks. And we recently took to the “airwaves” to tell folks all about it . You can read Eric’s piece on the winners of the race to AGI below – and catch up on our broadcast together here . *************************** Hello, Reader. 1 part 1940s Manhattan Project 1 part 1960s Space Race Those are the ingredients to the current worldwide race to develop dominant AI technologies. Like the Manhattan Project, the AI race is a high-stakes competition to develop a powerful technology of weaponization. And like the Space Race, the AI race is also a competition to seize control of a limitless new frontier. And the stakes could not be higher. AI is a technology that has the potential to create, or destroy, on a scale that humanity has never before encountered. That’s why the U.S. will be pursuing an all-hands-on-deck strategy to master AI’s capabilities before anyone else does. Victory will arrive in the form of an advanced AI technology called artificial general intelligence , or AGI . This emerging category of AI will not only be able to mimic human cognitive abilities... but surpass them. Once we set it in motion, AGI will not rely on human inputs, nor will it automatically follow human instructions or guidelines. Instead, it will develop its own version of free will and self-determination. When AGI arrives, AI systems could start coding themselves or training each other for specific tasks. It will possess tremendous potential to accomplish positive superhuman achievements, which could produce a “golden age” of scientific, technological, and industrial innovation. Potentially, AGI could identify problems that humans never even considered, and then create solutions, all on its own. But it could also introduce terrifying new forms of warfare. And because of AGI’s superhuman potential for both good and evil, the U.S. will devote itself completely to winning the AI race. Investing directly in this Space Race-like effort will not be easy or obvious. So in my letter today, I want to not only show you howthe U.S. will win this race... But also how you can get in on it. Let’s take a look... Getting Ready to Rock The race to AGI is not only technologically daunting, but it is also stratospherically expensive. That’s why leading technologists might need the U.S. government’s help to win... just like the Manhattan Project and the Space Race did. Inconveniently, the more sophisticated AI technologies become, the higher the costs to train and operate them. But money isn’t the only requirement to succeed. Speed is also essential. This is a race, after all. That’s why the new administration in Washington will attempt to eliminate any and all obstacles that could impede the path of progress toward world-dominating AGI technology. It will likely cause dozens of regulatory regimes to fall on their swords. And once they have done so, we can expect to see expedited permitting processes for data centers, electrical infrastructure, nuclear facilities, natural gas plants, zoning revisions, and whatever else the tech giants might require to fast-track their AGI programs. Last week, Donald Trump declared... In addition to fast-tracking new investments, the U.S. government might reach directly into its own pocket to help speed things along. Targeted tax breaks and subsidies are likely, and maybe even large-scale government grants. In other words, the race to AGI will mobilize trillions of dollars of private and public investment. But despite the size of this massive Manhattan Project-size effort, investing directly in it is not necessarily easy nor obvious. The AGI Opportunity Although we don’t know for sure what AGI will eventually look like, we’re absolutely positive that the way to prepare for it is by buying up the top AI companies that will benefit along the way. That is why, at AI Revolution Portfolio , my InvestorPlace colleagues Louis Navellier and Luke Lango and myself have been focusing on stocks that are well positioned to benefit from the race toward AGI. Although it may be surprising, these companies are not actually at the forefront of producing the material needed to create AI. Instead, they are applying AI technology within their own products and services. That is why we call them the AI Appliers . You see, as the AI Revolution accelerates, AI itself isn’t going to take over the world — businesses using AI will. The Internet Revolution’s biggest winners – Amazon.com Inc. (AMZN) and Meta Platforms Inc. (META) among them – didn’t build the internet. Instead, they figured out how to apply the internet to commerce, social interaction, and many other parts of our lives. Likewise, we believe that the biggest AI Revolution winners will be the companies building new businesses – or expanding already successful ones – on top of the AI superhighway. The AGI race is on, which means the race to find the best AGI plays in the stock market is also on... So, to learn more about our handpicked favorite AI stocks, I invite you watch our special AI Day One broadcast . Regards, Eric Fry Editor, Smart MoneyCHATHAM, N.J. (AP) — That buzzing coming out of New Jersey? It's unclear if it's drones or something else, but for sure the nighttime sightings are producing tons of talk, a raft of conspiracy theories and craned necks looking skyward. Cropping up on local news and social media sites around Thanksgiving, the saga of the drones reported over New Jersey has reached incredible heights. This week seems to have begun a new, higher-profile chapter: Lawmakers are demanding (but so far not getting) explanations from federal and state authorities about what's behind them. Gov. Phil Murphy wrote to President Joe Biden asking for answers. New Jersey's new senator, Andy Kim, spent Thursday night on a drone hunt in rural northern New Jersey, and posted about it on X. But perhaps the most fantastic development is the dizzying proliferation of conspiracies — none of which has been confirmed or suggested by federal and state officials who say they're looking into what's happening. It has become shorthand to refer to the flying machines as drones, but there are questions about whether what people are seeing are unmanned aircraft or something else. Some theorize the drones came from an Iranian mothership. Others think they are the Secret Service making sure President-elect Donald Trump’s Bedminster property is secure. Others worry about China. The deep state. And on. In the face of uncertainty, people have done what they do in 2024: Create a social media group. The Facebook page, New Jersey Mystery Drones — let’s solve it , has nearly 44,000 members, up from 39,000 late Thursday. People are posting their photo and video sightings, and the online commenters take it from there. One video shows a whitish light flying in a darkened sky, and one commenter concludes it’s otherworldly. “Straight up orbs,” the person says. Others weigh in to say it’s a plane or maybe a satellite. Another group called for hunting the drones literally, shooting them down like turkeys. (Do not shoot at anything in the sky, experts warn.) Trisha Bushey, 48, of Lebanon Township, New Jersey, lives near Round Valley Reservoir where there have been numerous sightings. She said she first posted photos online last month wondering what the objects were and became convinced they were drones when she saw how they moved and when her son showed her on a flight tracking site that no planes were around. Now she's glued to the Mystery Drones page, she said. “I find myself — instead of Christmas shopping or cleaning my house — checking it,” she said. She doesn't buy what the governor said, that the drones aren't a risk to public safety. Murphy told Biden on Friday that residents need answers. The federal Homeland Security Department and FBI also said in a joint statement they have no evidence that the sightings pose “a national security or public safety threat or have a foreign nexus.” “How can you say it’s not posing a threat if you don’t know what it is?” she said. “I think that’s why so many people are uneasy.” Then there's the notion that people could misunderstand what they're seeing. William Austin is the president of Warren County Community College, which has a drone technology degree program, and is coincidentally located in one of the sighting hotspots. Austin says he has looked at videos of purported drones and that airplanes are being misidentified as drones. He cited an optical effect called parallax, which is the apparent shift of an object when viewed from different perspectives. Austin encouraged people to download flight and drone tracker apps so they can better understand what they're looking at. Nonetheless, people continue to come up with their own theories. “It represents the United States of America in 2024,” Austin said. “We’ve lost trust in our institutions, and we need it.” Federal officials echo Austin's view that many of the sightings are piloted aircraft such as planes and helicopters being mistaken for drones, according to lawmakers and Murphy. That's not really convincing for many, though, who are homing in on the sightings beyond just New Jersey and the East Coast, where others have reported seeing the objects. For Seph Divine, 34, another member of the drone hunting group who lives in Eugene, Oregon, it feels as if it’s up to citizen sleuths to solve the mystery. He said he tries to be a voice of reason, encouraging people to fact check their information, while also asking probing questions. “My main goal is I don’t want people to be caught up in the hysteria and I also want people to not just ignore it at the same time,” he said. “Whether or not it’s foreign military or some secret access program or something otherworldly, whatever it is, all I’m saying is it’s alarming that this is happening so suddenly and so consistently for hours at a time,” he added. Golden reported form Seattle.
Dr Charlotte Proudman, who specialises in family law, had faced a Bar Standards Board (BSB) disciplinary tribunal over a 14-part Twitter thread criticising a judge’s ruling over a domestic abuse case, saying it echoed a “boys’ club”. However, the five charges against the 36-year-old were dropped on Thursday. In an interview with The Times, Dr Proudman described the position of Mark Neale, the board’s director-general, as “untenable” and said its chairwoman, Kathryn Stone, should also stand down. “They need a change, not just in those two individuals, though, because, of course, it seeps down to the rest of the organisation,” she said. She told the paper she “genuinely” wanted to work with the Bar Standards Board in helping them to understand how misogyny and sexism have impacted women at the bar. However, she said that “under the current leadership, it’s just not going to be possible”. The charges alleged Dr Proudman had “failed to act with integrity” in posting the tweets, that they amounted to professional misconduct, were “misleading” and “inaccurately reflected the findings of the judge” in the case. The women’s rights campaigner was also accused of behaving in a way “which was likely to diminish the trust and confidence which the public placed in her and in the profession”, and that she “knowingly or recklessly misled or attempted to mislead the public” by making the posts. But panel chairman Nicholas Ainley found her tweets are protected under Article 10 of the Human Rights Act 1998 and the European Convention on Human Rights, which protects the right of freedom of expression. He said her tweets did not “gravely damage” the judiciary, which would “put them outside” of Article 10 protection, even if they “might not have been pleasant for any judge to read” or even “hurtful”. “We take the view that the judiciary of England and Wales is far more robust than that,” he said. The panel also concluded that some of the tweets were only inaccurate “to a minor degree” and not to the extent necessary for a charge of a lack of integrity. Speaking after the hearing, Dr Proudman told the PA news agency: “This ruling is a victory for women’s rights and a right to freedom of speech. “The prosecution against me brought by my regulatory body, the Bar Standards Board, should never have happened and I said that from day one. “I criticised a domestic abuse judgment. Everyone should have the right to do that, whether you’re a barrister or not. Our justice system, which I strongly believe in, is robust enough to withstand criticism from me.” She believes her tweets help “foster confidence” in the justice system, adding: “Only that way can we go about building change and a better treatment for all victims, women and children and men who are affected by domestic abuse.” Explaining that the BSB appears to have spent almost £40,000 “of barristers’ money” on instructing counsel in her case, she added: “I think it’s shameful that they’re using our money to pay for, in my view, malicious, vexatious prosecutions which I have no doubt was a personal attack against me as a woman and as a feminist, as an outspoken critic and advocate for women’s rights.” Dr Proudman called for “systemic change” within the board. “They don’t understand gender, they don’t understand diversity, I don’t think they’ve ever heard of the concept misogyny and certainly not institutional misogyny,” she said. “Until they recognise the deeply rooted, entrenched issue of bullying, harassment, sexism at the bar, for which I have suffered relentlessly... and own up to it I don’t think we’re going to see any change and I have no confidence in them.” She told of how male barristers have called her insulting names on social media and made derogatory comments about her. In the posts on April 6 2022, Dr Proudman referenced a case in which her client alleged she had been subjected to coercive and controlling behaviour by her husband, a part-time judge, meaning she had been “unable to freely enter” the couple’s “post-nuptial” financial agreement. Commenting on the ruling by Family Court judge Sir Jonathan Cohen, Dr Proudman wrote: “I represented Amanda Traharne. “She said she was coerced into signing a post-nuptial agreement by her husband (who is a part-time judge). I lost the case. “I do not accept the Judge’s reasoning. I will never accept the minimisation of domestic abuse.” She continued: “Demeaning the significance of domestic abuse has the affect of silencing victims and rendering perpetrators invisible. “This judgement has echoes of (t)he ‘boys club’ which still exists among men in powerful positions.” In the thread, Dr Proudman wrote that the judge had described the relationship of the couple as “tempestuous”, which she argued was a “trivialisation” of domestic abuse. “Tempestuous? Lose his temper? Isn’t this the trivialisation of domestic abuse & gendered language. This is not normal married life,” she wrote.None
NEW YORK (AP) — U.S. stocks rose to records Tuesday after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street, even if they could roil the global economy were they to take effect. The S&P 500 climbed 0.6% to top the all-time high it set a couple weeks ago. The Dow Jones Industrial Average added 123 points, or 0.3%, to its own record set the day before, while the Nasdaq composite gained 0.6% as Microsoft and Big Tech led the way. Stock markets abroad mostly fell after President-elect Trump said he plans to impose sweeping new tariffs on Mexico, Canada and China once he takes office. But the movements were mostly modest. Stock indexes were down 0.1% in Shanghai and nearly flat in Hong Kong, while Canada’s main index edged down by less than 0.1%. Trump has often praised the use of tariffs , but investors are weighing whether his latest threat will actually become policy or is just an opening point for negotiations. For now, the market seems to be taking it more as the latter. The consequences otherwise for markets and the global economy could be painful. Unless the United States can prepare alternatives for the autos, energy products and other goods that come from Mexico, Canada and China, such tariffs would raise the price of imported items all at once and make households poorer, according to Carl Weinberg and Rubeela Farooqi, economists at High Frequency Economics. They would also hurt profit margins for U.S. companies, while raising the threat of retaliatory tariffs by other countries. And unlike tariffs in Trump’s first term, his latest proposal would affect products across the board. General Motors sank 9%, and Ford Motor fell 2.6% because both import automobiles from Mexico. Constellation Brands, which sells Modelo and other Mexican beer brands in the United States, dropped 3.3%. The value of the Mexican peso fell 1.8% against the U.S. dollar. Beyond the pain such tariffs would cause U.S. households and businesses, they could also push the Federal Reserve to slow or even halt its cuts to interest rates. The Fed had just begun easing its main interest rate from a two-decade high a couple months ago to offer support for the job market . While lower interest rates can boost the economy, they can also offer more fuel for inflation. “Many” officials at the Fed’s last meeting earlier this month said they should lower rates gradually, according to minutes of the meeting released Tuesday afternoon. The talk about tariffs overshadowed another mixed set of profit reports from U.S. retailers that answered few questions about how much more shoppers can keep spending. They’ll need to stay resilient after helping the economy avoid a recession, despite the high interest rates imposed by the Fed to get inflation under control. A report on Tuesday from the Conference Board said confidence among U.S. consumers improved in November, but not by as much as economists expected. Kohl’s tumbled 17% after its results for the latest quarter fell short of analysts’ expectations. CEO Tom Kingsbury said sales remain soft for apparel and footwear. A day earlier, Kingsbury said he plans to step down as CEO in January. Ashley Buchanan, CEO of Michaels and a retail veteran, will replace him. Best Buy fell 4.9% after likewise falling short of analysts’ expectations. Dick’s Sporting Goods topped forecasts for the latest quarter thanks to a strong back-to-school season, but its stock lost an early gain to fall 1.4%. Still, more stocks rose in the S&P 500 than fell. J.M. Smucker had one of the biggest gains and climbed 5.7% after topping analysts’ expectations for the latest quarter. CEO Mark Smucker credited strength for its Uncrustables, Meow Mix, Café Bustelo and Jif brands. Big Tech stocks also helped prop up U.S. indexes. Gains of 3.2% for Amazon and 2.2% for Microsoft were the two strongest forces lifting the S&P 500. All told, the S&P 500 rose 34.26 points to 6,021.63. The Dow gained 123.74 to 44,860.31, and the Nasdaq composite climbed 119.46 to 19,174.30. In the bond market, Treasury yields held relatively steady following their big drop from a day before driven by relief following Trump’s pick for Treasury secretary. The yield on the 10-year Treasury inched up to 4.29% from 4.28% late Monday, but it’s still well below the 4.41% level where it ended last week. In the crypto market, bitcoin continued to pull back after topping $99,000 for the first time late last week. It’s since dipped back toward $91,000, according to CoinDesk. It’s a sharp turnaround from the bonanza that initially took over the crypto market following Trump’s election. That boom had also appeared to have spilled into some corners of the stock market. Strategists at Barclays Capital pointed to stocks of unprofitable companies, along with other areas that can be caught up in bursts of optimism by smaller-pocketed “retail” investors. AP Business Writer Elaine Kurtenbach contributed.“Adult crime, adult time” . Kids as young as 10 can theoretically face life sentences. There are few comparable democracies that have ever sought to punish children as harshly. On Thursday, the passed the Queensland parliament as a sort of anticlimax. The new LNP government, which had flagged the changes since before the election, said the laws were “a first strike back” to restore community safety. But headlines the following morning have focused on the rift in Labor, which seems unable to reckon with the fact it is in opposition, and that that sometimes means standing in opposition to bad policies. One MP says the Steven Miles-led opposition is acting too much like “a government in exile”. In government, Labor twice suspended the Human Rights Act and that record numbers of (mostly Indigenous) kids had been arrested and locked in youth prisons. None of this sat easily with MPs’ consciences or the party’s membership. But they justified veering to the centre and then the right – away from their own beliefs and values – with a simple maxim: “but the LNP would do worse!” Indeed, the LNP has moved the state’s youth justice policy further to the right – and even further from the advice of experts about how to best keep the community safe. But the record will now show that all 35 Queensland Labor MPs voted in favour of . “These laws are not about justice; they are about racism, cruelty and control,” says Debbie Kilroy, the CEO of Sisters Inside. “Right now, our children are being used as political footballs in a desperate grab by politicians to appeal to the lowest common political denominator – the tired and worn out ‘tough on crime’ rhetoric where there are no winners other than the politicians themselves and the prison system.” The laws impose adult-length sentences for 13 of the “most serious” offences including “home and business break-ins”. Not on the list: sexual assault and rape. Understanding who the victims of those respective offences are, when perpetrated by juveniles, might provide some insight into the motives of a government that won an election campaigning about victims’ rights. Many now find it hard to understand what motivated Labor to vote in favour of a policy that its MPs have as little more than “a four-word slogan” that ignores expert advice about community safety. During showdown talks on Thursday, several Labor MPs argued privately the party should vote against the laws. Their argument was that – with four years until another election – the party’s best political move was to allow the LNP to own a situation that, evidence suggests, will create an even bigger mess. Doing so would better allow them to hold Crisafulli to his if crime victim numbers didn’t go down, MPs argued. The counterpoint was that Labor needed to win back regional areas where voters swung heavily to the LNP on law and order. The unanswered question for Labor is how it sells a further betrayal of fundamental human rights principles to its own base of supporters – or people on the left flirting with the idea of voting for the Greens – when it no longer has any slim shred of policy high ground to stand on. It also hasn’t gone unnoticed that the strongest internal critic of Labor’s positions on youth crime, the Cooper MP, Jonty Bush, held off an expected challenge from the Greens at the state election. On election day her volunteers wore “Keep Jonty” shirts, not Labor-branded ones. While Labor appears to be grappling with how to be in opposition, the LNP is also struggling to adjust to life on the opposite side of the chamber. The first-term Crisafulli government appears to be acting as if Labor is still in charge and remains in attack mode. The government spent most of the week announcing a stream of what it said were cost blowouts to big projects. And it moved to head off and gag any debate in parliament about abortion, and block any motion that sought to amend the state’s abortion laws. This follows a damaging election debate, which probably cost the LNP several extra seats, about the party’s views on abortion. Crisafulli promised there would be “no changes” and now he’s codified that over the next four years. Some think the move is smart politics. He won’t let the issue, or speculation about which Christian right MPs are agitating on the issue, derail his government. He can campaign at the next election as a man of his word. Others say it will almost guarantee that abortion becomes an election issue in four years’ time. Implicit in the need for that motion is an admission that, among the cohort of government MPs, there are plenty who would wind back abortion rights if given a chance. The four-year gag on debate means that questions will eventually be asked about what happens after the 2028 election. And what of Crisafulli’s other big election statement, that nuclear power was “not part of our plan” and that there would be no changes? On Friday, Peter Dutton , including two in Queensland. There will inevitably be pressure on Crisafulli to use parliament to codify that promise, too.
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Cinema Akil, the UAE’s only independent cinema, is back with its highly anticipated Arab Cinema Week Volume 3, running from Friday to December 1. This 10-day festival will showcase a dynamic lineup of films exploring pressing issues in the Arab world. The festival opens with ‘Anxious in Beirut’ by Zakaria Jaber, setting an introspective tone as it examines the political and personal currents that define life in Beirut and beyond. This year’s programme includes 11 countries, with Yemen debuting in the festival lineup. Audiences will enjoy six fiction and five non-fiction feature films, plus two short film programmes, totaling 10 shorts. The festival highlights the evolution of hybrid storytelling and the power of cinematic language. Importantly, Arab Cinema Week places a strong emphasis on women’s voices, with nearly 50 percent of the films created by female filmmakers, celebrating their contributions both in front of and behind the camera. Among the compelling films featured is ‘The Burdened’ by Amr Gamal, which explores a family’s fight against harsh economic realities and ‘Behind the Mountains’ by Mohamed Ben Attia, a transformative father-son tale. The festival also shines a spotlight on Lebanon and Sudan’s resilience through films like ‘Les Chenilles’ and ‘Disorder’. A special shorts programme celebrates UAE filmmakers, while the visual identity, designed by Nada Sultan, powerfully reflects the theme of resilience in a fractured world.NEW YORK (AP) — U.S. stocks rose to records Tuesday after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street, even if they could roil the global economy were they to take effect. The S&P 500 climbed 0.6% to top the all-time high it set a couple weeks ago. The Dow Jones Industrial Average added 123 points, or 0.3%, to its own record set the day before, while the Nasdaq composite gained 0.6% as Microsoft and Big Tech led the way. Stock markets abroad mostly fell after President-elect Trump said he plans to impose sweeping new tariffs on Mexico, Canada and China once he takes office. But the movements were mostly modest. Stock indexes were down 0.1% in Shanghai and nearly flat in Hong Kong, while Canada’s main index edged down by less than 0.1%. Trump has often praised the use of tariffs , but investors are weighing whether his latest threat will actually become policy or is just an opening point for negotiations. For now, the market seems to be taking it more as the latter. The consequences otherwise for markets and the global economy could be painful. Unless the United States can prepare alternatives for the autos, energy products and other goods that come from Mexico, Canada and China, such tariffs would raise the price of imported items all at once and make households poorer, according to Carl Weinberg and Rubeela Farooqi, economists at High Frequency Economics. They would also hurt profit margins for U.S. companies, while raising the threat of retaliatory tariffs by other countries. And unlike tariffs in Trump’s first term, his latest proposal would affect products across the board. General Motors sank 9%, and Ford Motor fell 2.6% because both import automobiles from Mexico. Constellation Brands, which sells Modelo and other Mexican beer brands in the United States, dropped 3.3%. The value of the Mexican peso fell 1.8% against the U.S. dollar. Beyond the pain such tariffs would cause U.S. households and businesses, they could also push the Federal Reserve to slow or even halt its cuts to interest rates. The Fed had just begun easing its main interest rate from a two-decade high a couple months ago to offer support for the job market . While lower interest rates can boost the economy, they can also offer more fuel for inflation. “Many” officials at the Fed’s last meeting earlier this month said they should lower rates gradually, according to minutes of the meeting released Tuesday afternoon. The talk about tariffs overshadowed another mixed set of profit reports from U.S. retailers that answered few questions about how much more shoppers can keep spending. They’ll need to stay resilient after helping the economy avoid a recession, despite the high interest rates imposed by the Fed to get inflation under control. A report on Tuesday from the Conference Board said confidence among U.S. consumers improved in November, but not by as much as economists expected. Kohl’s tumbled 17% after its results for the latest quarter fell short of analysts’ expectations. CEO Tom Kingsbury said sales remain soft for apparel and footwear. A day earlier, Kingsbury said he plans to step down as CEO in January. Ashley Buchanan, CEO of Michaels and a retail veteran, will replace him. Best Buy fell 4.9% after likewise falling short of analysts’ expectations. Dick’s Sporting Goods topped forecasts for the latest quarter thanks to a strong back-to-school season, but its stock lost an early gain to fall 1.4%. Still, more stocks rose in the S&P 500 than fell. J.M. Smucker had one of the biggest gains and climbed 5.7% after topping analysts’ expectations for the latest quarter. CEO Mark Smucker credited strength for its Uncrustables, Meow Mix, Café Bustelo and Jif brands. Big Tech stocks also helped prop up U.S. indexes. Gains of 3.2% for Amazon and 2.2% for Microsoft were the two strongest forces lifting the S&P 500. All told, the S&P 500 rose 34.26 points to 6,021.63. The Dow gained 123.74 to 44,860.31, and the Nasdaq composite climbed 119.46 to 19,174.30. In the bond market, Treasury yields held relatively steady following their big drop from a day before driven by relief following Trump’s pick for Treasury secretary. The yield on the 10-year Treasury inched up to 4.29% from 4.28% late Monday, but it’s still well below the 4.41% level where it ended last week. In the crypto market, bitcoin continued to pull back after topping $99,000 for the first time late last week. It’s since dipped back toward $91,000, according to CoinDesk. It’s a sharp turnaround from the bonanza that initially took over the crypto market following Trump’s election. That boom had also appeared to have spilled into some corners of the stock market. Strategists at Barclays Capital pointed to stocks of unprofitable companies, along with other areas that can be caught up in bursts of optimism by smaller-pocketed “retail” investors. AP Business Writer Elaine Kurtenbach contributed.NEW YORK , Dec. 13, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The global blood market size is estimated to grow by USD 2.60 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.94% during the forecast period. Rising number of hospitals and blood banks is driving market growth, with a trend towards rising awareness about blood donation. However, low availability of blood storage/transfusion facilities in rural areas poses a challenge. Key market players include Abbott Laboratories, AXO Science, BAG Health Care GmbH, Becton Dickinson and Co., Bio Rad Laboratories Inc., Cardinal Health Inc., CSL Ltd., Danaher Corp., DIAGAST SAS, F. Hoffmann La Roche Ltd., Grifols SA, Haemonetics Corp., Medtronic Plc, Merck KGaA, Mesa Laboratories Inc., Nipro Corp., QuidelOrtho Corp., Rapid Labs Ltd., Terumo Corp., Thermo Fisher Scientific Inc., and Werfenlife SA. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Key Market Trends Fueling Growth The global Blood Market is witnessing significant growth due to the increasing demand for body fluids like red blood cells, plasma, and other components for treating chronic medical conditions such as leukemia, cancer, and anemia. The market encompasses donated whole blood, plasma, and various blood screening and typing products. Trends include advanced blood tests for trauma injuries, surgical procedures, and emergencies in hospitals and ambulatory surgical centers. The geriatric population, with chronic kidney diseases, liver diseases, and metabolic disorders, fuels the market's expansion. Blood screening instruments, source plasma collection, and blood typing systems are major shareholders. Healthcare expenditure on medical procedures, organ transplants, cardiac surgeries, and patient care drives market growth. Blood collection devices, such as specialized needles, syringes, and collection tubes, employ advanced technology and design features to minimize contamination and mishandling. Skilled laboratory professionals ensure accurate blood typing and screening, while healthcare services cater to chronic diseases and trauma cases. Blood transfusion therapy using whole blood and consumables, along with blood transfusion instruments, are essential components of patient care during medical interventions. The global blood market is witnessing a significant trend as awareness about blood donation increases. Misconceptions regarding donating blood have been addressed, making more individuals open to the process. Government organizations, NGOs, and educational institutions conduct blood camps to educate the public. Developed countries, including the US, UK, Canada , and Germany , collect a substantial amount of blood from these camps. This heightened awareness and educational initiatives have led to increased donations and a stronger blood supply system. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges The Blood Market faces several challenges in providing adequate blood and its components for various medical procedures and emergencies. Key challenges include the collection and screening of body fluids like blood and plasma from donors with chronic medical conditions such as Leukemia, Cancer, and HIV. The geriatric population and those with chronic kidney diseases, liver diseases, and metabolic disorders require specialized attention due to unique blood typing and screening needs. Blood loss from trauma injuries and surgical procedures necessitates a steady blood supply. Hospitals and ambulatory surgical centers rely on blood banks for donated whole blood, plasma, and advanced blood tests. The use of blood typing products, blood screening instruments, and blood typing systems is crucial to ensure accurate blood matching and prevent contamination or mishandling. Healthcare expenditure on medical treatments and interventions for blood-related disorders like Anemia, Bleeding, and organ transplants continues to rise. Blood collection devices, such as specialized needles, syringes, and collection tubes, must adhere to advanced technology and design features for efficient and safe procedures. Skilled laboratory professionals are essential for blood screening, testing, and blood transfusion therapy using blood transfusion instruments. The market for blood components, including Red blood cells, White blood cells, Platelets, and Plasma, is significant due to the high demand for surgeries, emergencies, and medical procedures. The challenges in the Blood Market call for continuous innovation and improvement in blood collection, screening, and transfusion processes to ensure patient care and health. The scarcity of blood storage and transfusion facilities in rural regions poses a significant challenge in the global blood market. Due to lower disposable incomes, these areas exhibit a minimal demand for healthcare services. The healthcare ecosystem in less developed regions is underdeveloped, limiting access to advanced medical treatments such as surgeries, blood transfusions, and advanced diagnostics. Consequently, the adoption of these treatments is low, resulting in reduced blood storage requirements in rural areas. This situation hinders the growth of the blood market in these regions. Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This blood market report extensively covers market segmentation by 1.1 Whole blood collection and processing 1.2 Blood screening products 1.3 Blood typing products 1.4 Source plasma collection 2.1 Hospitals 2.2 Ambulatory surgical centers (ASCs) 2.3 Others 3.1 North America 3.2 Asia 3.3 Europe 3.4 Rest of World (ROW) 1.1 Whole blood collection and processing- The global blood market's whole blood collection and processing segment are projected to expand due to the increasing demand for whole blood. Factors such as trauma, surgical procedures, and diseases contribute to this demand. Whole blood, which is the blood flowing through veins, is commonly used for transfusions and patients with severe blood loss. Trauma is a leading cause of death, claiming over 5 million lives and requiring medical care for 1 billion people yearly. Blood is collected in blood bags, which are essential for storing and processing whole blood and its components. These bags are made from high-quality, biocompatible PVC and additives for safe and efficient blood collection, separation, storage, and transport. Standardized manufacturing methods ensure free flow during blood separation and prevent breakages or twists. Additionally, these bags extend red blood cell storage and lower packed red blood cell viscosity for easy transfusion, maximizing plasma harvesting. The advantages of blood collection bags are driving their demand, fueling the growth of the whole blood collection and processing segment in the global blood market. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Research Analysis Blood Market: A Complex and Essential Industry The Blood Market is a global network that facilitates the collection, testing, processing, storage, and distribution of vital body fluids, primarily focusing on red blood cells, organs, and other blood components. This market caters to various medical needs, including chronic medical conditions, traumatic injuries, surgeries, emergencies, and patient care. Body fluids, including blood, play a crucial role in maintaining life. Red blood cells, for instance, carry oxygen to different parts of the body, while leukemia and cancer cells can threaten this function. Trauma injuries and medical procedures can lead to blood loss, necessitating transfusions. Blood components, such as platelets and plasma, are essential for surgeries and patient care. Blood transfusion therapy is a common treatment for anemia, leukemia, and other blood-related disorders. The Blood Market also provides consumables and instruments for blood transfusions. Skilled laboratory professionals ensure the safety and quality of the blood and its components, making the Blood Market an indispensable part of modern healthcare. The industry continues to evolve, addressing the increasing demand for blood and blood-related products while ensuring the highest standards of patient care. Market Research Overview Blood Market: A Thriving Industry Dedicated to Saving Lives The global blood market is a critical and dynamic sector, focusing on the collection, testing, processing, and distribution of essential body fluids, including red blood cells, plasma, and other components. This market caters to various medical needs, such as chronic medical conditions, trauma injuries, surgical procedures, and emergencies. Organs and body fluids, particularly blood, play a pivotal role in maintaining patient health and supporting medical treatments and interventions. Chronic medical conditions like leukemia, cancer, and chronic kidney diseases, as well as acute conditions like trauma and casualties, require timely access to blood and its components. The market encompasses various players, from hospitals and ambulatory surgical centers to blood banks and specialized laboratories. Blood collection devices, such as blood typing products, blood screening instruments, and advanced technology, ensure the safety and efficiency of the blood collection process. Blood typing systems, blood typing reagents, and blood screening systems and reagents are crucial for identifying the correct blood type and detecting potential diseases or contaminants. The geriatric population, with its unique healthcare needs, represents a significant market segment. Major shareholders in the blood market include hospitals, hospitals and clinics, and blood banks. The market's growth is driven by increasing healthcare expenditure, the rising prevalence of chronic conditions and comorbidities, and the increasing demand for advanced blood tests and transfusion therapy. Blood components, such as red blood cells, plasma, white blood cells, platelets, and plasma derivatives, are essential for various medical procedures, including organ transplants, cardiac surgeries, and emergency treatments. The market's success relies on the availability of a reliable blood supply, skilled laboratory professionals, and advanced blood transfusion instruments. In conclusion, the blood market is a vital and ever-evolving industry, dedicated to ensuring the availability and safety of essential body fluids for patient care and medical interventions. The market's continued growth is driven by the increasing demand for blood and its components, advances in technology, and the changing healthcare landscape. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Product Whole Blood Collection And Processing Blood Screening Products Blood Typing Products Source Plasma Collection End-user Hospitals Ambulatory Surgical Centers (ASCs) Others Geography North America Asia Europe Rest Of World (ROW) 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE Technavio
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NEW YORK — Outside Nebraska football team’s hotel, sirens blared, horns honked and music cut through the cold December air. A lengthy procession of cars, escorted by the New York Police Department, paraded through the Manhattan streets reveling with passers-by as they celebrated Hanukkah in full force on Thursday night. While trips to a New York Knicks game, the 9/11 Museum and other sights around New York City have been highlights for the Nebraska football roster, head coach Matt Rhule is pleased with the level of focus he’s seen from his players. “Walking around New York City, there’s a lot of things to do that could pull you away (from the game), but they’ve done everything right and we’ve practiced well,” Rhule said. One final non-football activity took place Friday morning when Rhule, Ty Robinson, Isaac Gifford and Jahmal Banks went to the New York Stock Exchange. Rhule helped ring the bell to denote the opening of the stock markets for the day. “I’ve grown up here and if you’d told me in one day I’d be on the floor of the stock exchange ringing the bell and a couple hours later I’d be on the field at Yankee Stadium, I never would have believed you,” Rhule said. Having arrived in New York on Monday, Nebraska has practiced in multiple different locations which include the New York Giants practice facility, Fordham University and a Christmas-day walkthrough inside Central Park. “When we landed we went right to practice, and the first thing we did was put our pads on and hit,” Rhule said. “We’ve given them some free time, we’ve done a lot of cool things and celebrated Christmas together, but at the end of the day this is an opportunity for us to finish our season the right way.” * Friday marked the first time Nebraska stepped foot inside Yankee Stadium for an on-field walkthrough prior to playing in the Pinstripe Bowl. As players and coaches alike soaked up the feeling of being inside the legendary sports venue, Rhule found himself impressed with the bowl game’s setup. “A lot of times they play a football game in a baseball stadium and it’s kinda shoehorned in there, but when they rebuilt Yankee Stadium they certainly did it right because (the field) fits perfectly,” Rhule said. * A photo posted by Nebraska football’s social media accounts on Thursday showed the nine newcomers who traveled with the team and have taken part in NU’s bowl game practices. Transfer defensive end Jaylen George and eight incoming freshmen have gotten a “jumpstart” to their Nebraska careers, Rhule said, by being part of team meetings and the on-field preparation. * With wide receiver Isaiah Neyor having opted out of Nebraska’s bowl game, Rhule identified Jaylen Lloyd and Keelan Smith as two wideouts who could see increased opportunities on Saturday. * Nebraska’s transfer portal efforts are not yet fully finished. Following the New Year, the Huskers can again host transfer players on campus for visits. “We’ll be back at work on the first,” Rhule said. “There’s no break, there’s no vacation and there’s no time away; there’s the game and then we’ll be ready to host people that first week (of January).” Get local news delivered to your inbox!Packham resigns as RSPCA president after animal cruelty claims at approved farms
Trump threat to immigrant health care tempered by economic hopesNEW YORK (AP) — Stocks fell in morning trading Friday as Wall Street closes out a holiday-shortened week. The S&P 500 fell 1.4%, with more than 80% of stocks in the benchmark index losing ground. Still, the index is managing to hold onto a modest gain for the week. The Dow Jones Industrial Average fell 402 points, or 0.9%, to 42,945 as of 10:41 a.m. Eastern time. The Nasdaq composite fell 2%. Both the Dow and the Nasdaq are also holding on to weekly gains. Technology stocks were the biggest drag on the market Friday. Semiconductor giant Nvidia slumped 3.2%. Its enormous valuation gives it an outsize influence on indexes. Other Big Tech stocks losing ground included Microsoft, with a 2.2% decline. A wide range of retailers also fell. Amazon fell 2.2% and Best Buy slipped 1.9%. The sector is being closely watched for clues on how it performed during the holiday shopping season. Energy was the only sector within the S&P 500 rising. It gained 0.5% as crude oil prices rose 0.8%. Investors don't have much in the way of corporate or economic updates to review as the market moves closer to another standout annual finish. The S&P 500 is on track for a gain of around 25% in 2024. That would mark a second consecutive yearly gain of more than 20%, the first time that has happened since 1997-1998. The gains have been driven partly by upbeat economic data showing that consumers continued spending and the labor market remained strong. Inflation, while still high, has also been steadily easing. A report on Friday showed that sales and inventory estimates for the wholesales trade industry fell 0.2% in November, following a slight gain in October. That weaker-than-expected report follows an update on the labor market Thursday that showed unemployment benefits held steady last week. In Asia, Japan’s benchmark index surged as the yen remained weak against the dollar. Stocks in South Korea fell after the main opposition party voted to impeach the country’s acting leader. Markets in Europe gained ground. Bond yields held relatively steady. The yield on the 10-year Treasury remained at 4.59% from late Thursday. The yield on the two-year Treasury slipped to 4.32% from 4.33% late Thursday. Wall Street will have more economic updates to look forward to next week, including reports on pending home sales and home prices. There will also be reports on U.S. construction spending and snapshots of manufacturing activity.
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