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Dr. Scott Gottlieb, the former commissioner of the Food and Drug Administration, on Friday raised concerns about Robert F. Kennedy Jr.’s agenda for the Department of Health and Human Services. “I think if RFK follows through on his intentions, and I believe he will, and I believe he can, it will cost lives in this country,” Gottlieb told CNBC, referring to Kennedy, whom President-elect Donald Trump has said he will nominate for health secretary. “You’re going to see measles, mumps and rubella vaccination rates go down,” Gottlieb, who led the FDA under Trump’s first administration, added. “And like I said, if we lose another 5%, which could happen the next year or two, we will see large measles outbreaks. For every 1,000 cases of measles that occur in children, there will be one death. And we are not good in this country at diagnosing and treating measles.” If he’s confirmed as HHS secretary, Kennedy’s role would include oversight of the Centers for Disease Control and Prevention, the National Institutes of Health and the FDA, the agency in charge of reviewing and approving new vaccines. Gottlieb referenced Kennedy’s long history of vaccine skepticism , which has included false claims that the measles, mumps and rubella vaccine can cause autism. It’s a theory that’s been routinely debunked and originated with a discredited 1990s study led by a researcher who later lost his medical license . According to the CDC, “to date, the studies continue to show that vaccines are not associated with [autism spectrum disorder].”Kennedy has also cast doubt on the effectiveness of the Covid vaccines, which health experts say are overwhelmingly safe . In a 2021 meeting with Louisiana state legislators, Kennedy baselessly called the coronavirus vaccine “ the deadliest vaccine ever made .” In the days after Trump was projected to take back the White House, Kennedy told NBC News that he would not seek to unilaterally ban vaccines. “If vaccines are working for somebody, I’m not going to take them away. People ought to have choice, and that choice ought to be informed by the best information,” he said. “So I’m going to make sure scientific safety studies and efficacy are out there, and people can make individual assessments about whether that product is going to be good for them.” Gottlieb also alluded to some of Kennedy’s other controversial ideas as reasons why some Republican senators may be reluctant to vote to confirm him in January, including his position on abortion. “I think that there’s skepticism in the Republican caucus more than I think the press is reporting right now,” Gottlieb said. “There’s going to be [agricultural] state senators that are concerned about his impact on food prices. There’s going to be principled pro-lifers who are concerned about his positions on abortion, and there’s going to be a number of public health-minded senators who have deep concerns about his position on vaccines,” the former FDA commissioner added. Gottlieb also pushed back on the idea that Kennedy wouldn’t impose drastic changes to health policy in the U.S., saying, “I’m not so sure that people really understand how Kennedy’s intention is going to translate into policy and how serious he is.” To prove his point, Gottlieb referenced something one of Kennedy’s advisers , Del Bigtree, said in November : “Bobby didn’t get dragged through the mud for over a decade just so he could compromise his values once he finally got inside the castle.” Gottlieb added that while he doesn’t speak for the president-elect, he was confident that Trump doesn’t share Kennedy’s beliefs about vaccines. “I talked to President Trump about vaccines in my first term,” Gottlieb said. “I don’t think that these policy efforts reflect his views as well. I don’t think the president wants to see a resurgence of measles, wants to see a resurgence of whooping cough in this country — God forbid we have cases of polio in this country. He does not want to see that.” Representatives for the Trump transition team did not immediately respond to a request for comment about Gottlieb’s remarks.
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Shares in Navitas Semiconductor Corporation saw a skyrocketing ascent of up to 24.6% on Monday, concluding with a hefty 20.4% gain by mid-afternoon EST. This surge wasn’t driven by any direct announcements from Navitas but rather by broader geopolitical developments that incited a wave of investor optimism across the semiconductor industry. In a strategic maneuver, the Biden administration initiated an investigation into the practices of Chinese semiconductor firms focusing on trailing-edge chips crucial to numerous industries. These chips, based on materials like silicon carbide (SiC) and gallium nitride (GaN), although considered “less advanced,” play pivotal roles in sectors such as automotive, industrial, and medical systems, among others. Navitas, which specializes in these specific chip types, emerged as a key benefactor from this news. The market responded with enthusiasm, pushing Navitas’s stock higher along with other players in the trailing-edge semiconductor space. Unlike its larger counterparts, Navitas—being a smaller entity—experienced a sharper increase. This can be attributed to its higher risk profile and the severe downturn it faced earlier, being down over 50% earlier this year. The high short interest rate of 18.8% in November potentially triggered a short squeezing phenomenon, amplifying Monday’s gains. Despite the exuberance, Navitas remains a volatile choice for investors. Profits have been elusive, and the company’s trajectory could be swayed by external factors like geopolitical tensions and economic shifts. Caution might be advisable, as retaliatory actions by China could pose risks to U.S. chip firms, including Navitas, which has significant business ties with Chinese manufacturers. Explosive Surge in Navitas Semiconductor’s Stock: What’s Driving the Gains? In a recent dramatic stock market event, Navitas Semiconductor Corporation saw its stock prices soar by up to 24.6%, finally settling at a 20.4% increase by mid-afternoon EST. While the company itself did not release any announcements to spark this rise, broader geopolitical events significantly affected investor behavior in the semiconductor sector. Navitas, a specialist in trailing-edge chips utilizing materials like silicon carbide (SiC) and gallium nitride (GaN), has directly benefitted from the Biden administration’s investigation into Chinese semiconductor practices. This focus on the trailing-edge technology, crucial for industries such as automotive, industrial, and medical systems, created a ripple of optimism among investors, boosting Navitas shares. FAQ: Understanding Navitas Semiconductor’s Stock Surge 1. What caused Navitas’s stock to rise? – The recent increase in stock value was linked to the U.S. government’s probe into Chinese semiconductor companies. Navitas, a leader in trailing-edge chip technology, was favorably impacted by this development. 2. Why did Navitas experience a sharper increase than its competitors? – Being a smaller company, Navitas had a higher risk profile and has suffered a significant downturn earlier this year. This situation, coupled with a high short interest rate, triggered a short squeeze, further propelling its stock gains. Pros and Cons of Investing in Navitas Semiconductor – Pros: – Specialization in Key Technologies : Navitas focuses on SiC and GaN chips, critical for multiple industries’ future growth. – Potential Growth Opportunities : Geopolitical developments could restrict competitors, offering Navitas a chance to capture more market share. – Cons: – Volatility : The company’s stock remains highly volatile, influenced by geopolitical and economic uncertainties. – Profitability Challenges : Navitas has yet to achieve consistent profitability, adding an element of risk for investors. Market Analysis and Future Predictions With a trajectory marked by sudden gains, Navitas’s future in the market relies heavily on external geopolitical and economic forces. While investor enthusiasm has buoyed its stock price, potential retaliations from China could disrupt operations, given the company’s business ties with Chinese manufacturers. Moving forward, Navitas must navigate these global complexities while striving towards profitability. The semiconductor sector is under continual evolution, and the ability to innovate and adapt will be key to sustaining growth. Investors are advised to stay informed about geopolitical shifts and global market trends that could impact Navitas and other semiconductor players. For further details on the semiconductor industry and trends, visit the Navitas Semiconductor Corporation website.Mr Trump made the announcement in a Truth Social post, calling Charles Kushner “a tremendous business leader, philanthropist, & dealmaker”. Mr Kushner is the founder of Kushner Companies, a real estate firm. Jared Kushner is a former senior Trump adviser who is married to Trump’s eldest daughter, Ivanka. The elder Mr Kushner was pardoned by Trump in December 2020 after pleading guilty years earlier to tax evasion and making illegal campaign donations. Prosecutors alleged that after Charles Kushner discovered his brother-in-law was co-operating with federal authorities in an investigation, he hatched a scheme for revenge and intimidation. Mr Kushner hired a prostitute to lure his brother-in-law, then arranged to have the encounter in a New Jersey motel room recorded with a hidden camera and the recording sent to his own sister, the man’s wife, prosecutors said. Mr Kushner eventually pleaded guilty to 18 counts including tax evasion and witness tampering. He was sentenced in 2005 to two years in prison – the most he could receive under a plea deal, but less than what Chris Christie, the US attorney for New Jersey at the time and later governor and Republican presidential candidate, had sought. Mr Christie has blamed Jared Kushner for his firing from Mr Trump’s transition team in 2016, and has called Charles Kushner’s offences “one of the most loathsome, disgusting crimes that I prosecuted when I was US attorney”. Mr Trump and the elder Mr Kushner knew each other from real estate circles and their children were married in 2009.
Mr Trump made the announcement in a Truth Social post, calling Charles Kushner “a tremendous business leader, philanthropist, & dealmaker”. Mr Kushner is the founder of Kushner Companies, a real estate firm. Jared Kushner is a former senior Trump adviser who is married to Trump’s eldest daughter, Ivanka. The elder Mr Kushner was pardoned by Trump in December 2020 after pleading guilty years earlier to tax evasion and making illegal campaign donations. Prosecutors alleged that after Charles Kushner discovered his brother-in-law was co-operating with federal authorities in an investigation, he hatched a scheme for revenge and intimidation. Mr Kushner hired a prostitute to lure his brother-in-law, then arranged to have the encounter in a New Jersey motel room recorded with a hidden camera and the recording sent to his own sister, the man’s wife, prosecutors said. Mr Kushner eventually pleaded guilty to 18 counts including tax evasion and witness tampering. He was sentenced in 2005 to two years in prison – the most he could receive under a plea deal, but less than what Chris Christie, the US attorney for New Jersey at the time and later governor and Republican presidential candidate, had sought. Mr Christie has blamed Jared Kushner for his firing from Mr Trump’s transition team in 2016, and has called Charles Kushner’s offences “one of the most loathsome, disgusting crimes that I prosecuted when I was US attorney”. Mr Trump and the elder Mr Kushner knew each other from real estate circles and their children were married in 2009.
ATLANTA , Dec. 23, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today announced it has received notification (the "Acceptance Letter") from the New York Stock Exchange (the "NYSE") that the NYSE has accepted the Company's previously-submitted plan (the "Plan") to regain compliance with the NYSE's continued listing standards set forth in Section 802.01B of the NYSE Listed Company Manual relating to minimum market capitalization and stockholders' equity. In the Acceptance Letter, the NYSE granted the Company an 18-month period from September 12, 2024 (the "Plan Period") to regain compliance with the continued listing standards. As part of the Plan, the Company is required to provide the NYSE quarterly updates regarding its progress towards the goals and initiatives in the Plan. In the Plan, Kore included details regarding previously reported operational restructuring activities, as well as an outlook on the Company's business. The Company expects its common stock will continue to be listed on the NYSE during the Plan Period, subject to the Company adherence to the Plan and compliance with other applicable NYSE continued listing standards. The Company's receipt of such notification from the NYSE does not affect the Company's business, operations or reporting requirements with the U.S. Securities and Exchange Commission. Cautionary Note on Forward-Looking Statements This press release includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "believe," "guidance," "project," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding expected progress with the Company's compliance plan submitted to the NYSE, expected compliance with continued listing standards of the NYSE and expected continued listing of the Company's common stock on the NYSE. These statements are based on various assumptions and on the current expectations of KORE's management. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor or other person as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of KORE. These forward-looking statements are subject to a number of risks and uncertainties, including general economic, financial, legal, political and business conditions and changes in domestic and foreign markets; the potential effects of COVID-19; risks related to the rollout of KORE's business and the timing of expected business milestones; risks relating to the integration of KORE's acquired companies, including the acquisition of Twilio's IoT business, changes in the assumptions underlying KORE's expectations regarding its future business; our ability to negotiate and sign a definitive contract with a customer in our sales funnel; our ability to realize some or all of estimates relating to customer contracts as revenue, including any contractual options available to customers or contractual periods that are subject to termination for convenience provisions; the effects of competition on KORE's future business; and the outcome of judicial proceedings to which KORE is, or may become a party. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that KORE presently does not know or that KORE currently believes are immaterial that could also cause actual results to differ materially from those contained in the forward-looking statements. In addition, forward-looking statements reflect KORE's expectations, plans or forecasts of future events and views as of the date of this press release. KORE anticipates that subsequent events and developments will cause these assessments to change. However, while KORE may elect to update these forward-looking statements at some point in the future, KORE specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing KORE's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements. KORE Investor Contact: Vik Vijayvergiya Vice President, IR, Corporate Development and Strategy vvijayvergiya@korewireless.com (770) 280-0324 View original content to download multimedia: https://www.prnewswire.com/news-releases/kore-announces-nyse-acceptance-of-plan-to-regain-listing-compliance-302338621.html SOURCE KORE Group Holdings, Inc.
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Elon Musk gets it: America’s legal immigration process need to changeATLANTA , Dec. 23, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today announced it has received notification (the "Acceptance Letter") from the New York Stock Exchange (the "NYSE") that the NYSE has accepted the Company's previously-submitted plan (the "Plan") to regain compliance with the NYSE's continued listing standards set forth in Section 802.01B of the NYSE Listed Company Manual relating to minimum market capitalization and stockholders' equity. In the Acceptance Letter, the NYSE granted the Company an 18-month period from September 12, 2024 (the "Plan Period") to regain compliance with the continued listing standards. As part of the Plan, the Company is required to provide the NYSE quarterly updates regarding its progress towards the goals and initiatives in the Plan. In the Plan, Kore included details regarding previously reported operational restructuring activities, as well as an outlook on the Company's business. The Company expects its common stock will continue to be listed on the NYSE during the Plan Period, subject to the Company adherence to the Plan and compliance with other applicable NYSE continued listing standards. The Company's receipt of such notification from the NYSE does not affect the Company's business, operations or reporting requirements with the U.S. Securities and Exchange Commission. Cautionary Note on Forward-Looking Statements This press release includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "believe," "guidance," "project," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding expected progress with the Company's compliance plan submitted to the NYSE, expected compliance with continued listing standards of the NYSE and expected continued listing of the Company's common stock on the NYSE. These statements are based on various assumptions and on the current expectations of KORE's management. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor or other person as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of KORE. These forward-looking statements are subject to a number of risks and uncertainties, including general economic, financial, legal, political and business conditions and changes in domestic and foreign markets; the potential effects of COVID-19; risks related to the rollout of KORE's business and the timing of expected business milestones; risks relating to the integration of KORE's acquired companies, including the acquisition of Twilio's IoT business, changes in the assumptions underlying KORE's expectations regarding its future business; our ability to negotiate and sign a definitive contract with a customer in our sales funnel; our ability to realize some or all of estimates relating to customer contracts as revenue, including any contractual options available to customers or contractual periods that are subject to termination for convenience provisions; the effects of competition on KORE's future business; and the outcome of judicial proceedings to which KORE is, or may become a party. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that KORE presently does not know or that KORE currently believes are immaterial that could also cause actual results to differ materially from those contained in the forward-looking statements. In addition, forward-looking statements reflect KORE's expectations, plans or forecasts of future events and views as of the date of this press release. KORE anticipates that subsequent events and developments will cause these assessments to change. However, while KORE may elect to update these forward-looking statements at some point in the future, KORE specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing KORE's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements. KORE Investor Contact: Vik Vijayvergiya Vice President, IR, Corporate Development and Strategy vvijayvergiya@korewireless.com (770) 280-0324 View original content to download multimedia: https://www.prnewswire.com/news-releases/kore-announces-nyse-acceptance-of-plan-to-regain-listing-compliance-302338621.html SOURCE KORE Group Holdings, Inc.
Robin Lehner tweeted some very scary and dark posts just the other day, and today he broke his silence by texting a close friend about the situation. In a saga that has been unfolding and spilled over into several days, it wasn't until late Friday night that Robin Lehner broke a two-year-long silence to take to his social media account to broadcast a string of messages . Sounding disjointed and emotional, Robin Lehner's message certainly had many worried. In one of the earliest messages, he sounded despondent, at times referring to his brain as 'fully broken,' seeming to renounce his family name as 'evil' and that it should be erased, while in other posts he deflected blame variously upon the NHL and NHLPA, which he claimed blew protocols regarding vaccines, before placing blame on financial hardship with loans. He also let slip that he'd spent time in a suicide ward at one juncture, a revelation which more likely sent shockwaves to more readers' minds than his coming out. Lehner attacked his father for ruining his life, while he thanked some unnamed person within the Islanders organization for helping him through a rough time in his career. One was an outright vitriolic message ripping the Vegas Golden Knights and former coach Peter DeBoer but heaped praise on others such as agent Allan Walsh and former GM Kelly McCrimmon. The final message, however, was decidedly dark with a sense of finality that only added further to the concern for the fans . In a rare moment of connection, Lehner once again broke his silence today and texted a close friend, expressing gratitude for those who have stood by him. Lehner stated that he appreciates those who care. To many fans and analysts, Lehner's posts sounded like a cry for help. A lot are hoping the NHL, NHLPA, and his former teams can offer whatever assistance necessary at this very critical moment. This article first appeared on Blade of Steel and was syndicated with permission.Extra Innings podcast: Analyzing the start to the Mariners’ offseason