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Western Union Announces New $1 Billion Share Repurchase Program and $0.235 Quarterly DividendTORONTO — Canada's main stock index fell more than 100 points Friday, led by losses in base metal and telecom stocks, while U.S. stock markets were mixed ahead of next week's interest rate decision from the U.S. Federal Reserve. This week, the Bank of Canada announced another outsized interest rate cut of half a percentage point while also signalling it plans to slow the pace of cuts going forward. Allan Small, senior investment adviser at iA Private Wealth, said the central bank is juggling a lot of balls heading into the new year, including a faltering economy, a housing market that’s poised to heat up, and a U.S. Fed likely to cut much slower next year. “If (the Bank of Canada) continues to cut when the U.S. doesn’t, where does that leave our dollar?” asked Small. “They’re flying by the seat of their pants.” The S&P/TSX composite index closed down 136.41 points at 25,274.30. In New York, the Dow Jones industrial average was down 86.06 points at 43,828.06. The S&P 500 index was down 0.16 points at 6,051.09, while the Nasdaq composite was up 23.88 points at 19,926.72. The Fed has done a better job of tamping down inflation while not harming the economy too much, said Small. The Fed is expected to cut by a quarter-percentage point next week, and its path is clearer than the Bank of Canada’s, said Small. “I don’t think they have much room to cut more,” he said, noting this week saw U.S. inflation data tick up from the month before. “Most people think they’ll go 25 (basis points) and pause for a little while,” said Small. “Would I be surprised to see them not cut at all? No, but I think the market would take that negatively.” Heading into the last few weeks of the year, Small said if there’s a so-called Santa Claus rally, it may be more muted than usual. “It's quite possible we've taken some gains that we normally would have had in December, brought them forward into November, and now December might not be as strong as we normally see,” he said. On Wall St., the Nasdaq did a little better than its U.S. peers as semiconductor company Broadcom saw its stock gain more than 24 per cent after reporting earnings. “I think the commentary on the conference call really caused the stock to shoot up," said Small. The company gave a bright forecast for investors on the back of expected growth in artificial intelligence. This week, Broadcom and Apple also announced a deal to develop a chip for AI. The Canadian dollar traded for 70.27 cents US compared with 70.48 cents US on Thursday. The January crude oil contract was up US$1.27 at US$71.29 per barrel and the January natural gas contract was down 18 cents at US$3.28 per mmBTU. The February gold contract was down US$33.60 at US$2,675.80 an ounce and the March copper contract was down five cents at US$4.15 a pound. — With files from The Associated Press This report by The Canadian Press was first published Dec. 13, 2024. Companies in this story: (TSX:GSPTSE, TSX:CADUSD) Rosa Saba, The Canadian Press
IND vs AUS Live Score: Toss coming up soon in Brisbane Adelaide Test, we didn't do well but the series is still 1-1. We will treat it as a three-match Test series and if we win this one, we will have advantage going into Melbourne and Sydney. Walking into the stadium after 2021 with the team, definitely it felt very nostalgic. Border-Gavaskar Trophy Live Score: Sunil Gavaskar explains what can take the load off Jasprit Bumrah The current Test team, according to legendary Indian batsman Sunil Gavaskar, is mostly dependent on fast bowling star Jasprit Bumrah to lead the bowling assault. With 12 wickets from two games, Bumrah is now the most prolific wicket-taker in the ongoing Border-Gavaskar Trophy series. However, Bumrah hasn't had much help from the other Indian fast bowlers; Nitish Kumar Reddy and Harshit Rana have each claimed five and two wickets, while Mohammed Siraj has taken nine. "Yes, to a great extent. You've got to say that. Mohammed Siraj is a good foil, but he has to start getting five wickets in an innings. Otherwise, the load is being picked up mainly by Jasprit Bumrah. India vs Australia Live Score: Brisbane Weather Report - Will rain impact the match? The much-anticipated third Test between Australia and India at the Gabba in Brisbane, starting Saturday, faces significant uncertainty as weather forecasts predict frequent rain interruptions in the opening days of the match. With the series tied at 1-1, the weather could heavily influence the outcome of the pivotal clash. According to AccuWeather, the first day carries an 88% chance of thunderstorms, with conditions expected to remain humid and overcast. Sunday and Monday also feature high probabilities of rain, at 58% and 60% respectively, with occasional showers anticipated in the mornings. Tuesday, the fourth day, offers no respite with a 55% chance of rain. IND vs AUS 3rd Test, Live Score: 'This generation doesn't think about who's bowling' The last time India played a Test at the Gabba, Shubman Gill made 91 in the second innings as the Ajinkya Rahane-led team chased down a 328-run target with Rishabh Pant hitting an unbeaten 89. That was Gill's third Test and since then he has more than cemented his place in the Indian playing XI, preferably at the number three spot. Addressing the pre-match press conference on Friday on the eve of the third Test in Brisbane, Gill said that he felt very nostalgic when he and his teammates came to the venue again after 2021. Regarding the wicket, Gill said that the Indians will get to know once they play, adding that it looked like a good wicket. Border-Gavaskar Trophy Live Score: Numbers Game - India vs Australia India vs Australia Live Score: 'Boss, you are the king': Sunil Joshi says let Rishabh Pant be Rishabh Pant He came down the track first ball in his knock at Adelaide to smash Scott Boland for a four. Not too long after that, he went down on his knee and almost fell, but not before executing an adventurous scoop to fine-leg for a four. And had the courage to repeat the same shot over for another boundary. That's Rishabh Pant and his fearless character, which is what the Indian batters need to show in Gabba, feels former chief selector and India spinner Sunil Joshi. In less than 24 hours, Pant will breathe the familiar Brisbane air from three seasons ago, when his epic 89 not out led India's historic win -- something no other Test team could do for more than three decades; that's beating Australia at the Gabba. While Pant's innovative shot-making is not a secret, it was still surprising to see someone batting in a manner that Test cricket is not accustomed to, and at a time when India needed a big partnership to repair the innings. But that's how Virender Sehwag played, less adventurous than Pant but against the new ball as an opener, and nobody complained because he won India matches on his own. IND vs AUS Live Score: 'Show strong character': Former chief selector Sunil Joshi's message to Team India batters Four of India's three innings so far in the two Tests of the Border-Gavaskar Trophy in Australia folded up for less than 200. If it wasn't for Jasprit Bumrah's brilliance in Perth, the visitors could have been 2-nil down and staring down the barrel. But the series remains evenly poised at 1-1, with a battle at the Gabba next on the BGT roster. Things have looked up for Australia since the 295-run mauling they got in Perth. The hosts turned the series on its 'Head' with an equally dominating 10-wicket win inside three days of the pink-ball Test in Adelaide, leaving India to find answers to their batting woes and inconsistent support for Bumrah. On that note, chief coach Gautam Gambhir and his assistants have been scratching their heads over the past five days on various counts. Should Rohit Sharma be brought back up to open? The need for batters to stitch significant partnerships. How to create room in the eleven for another specialist pacer? Should Ashwin be the choice of spinner or Washington Sundar, maybe Ravidra Jadeja? Border-Gavaskar Trophy Live Score: 'Everyone's here to write articles': Marnus Labuschagne hits back at David Warner Australian top-order batter Marnus Labuschagne has fired back at David Warner’s criticism, which questioned his return to form during the second Adelaide Test. The Australia no.3 Labuschagne asked the former opener to review his claim about how often he gets caught at gully. Labuschagne ended a lean patch with a confident 64 in Australia’s ten-wicket victory in the day-night Test against India. However, Warner remained unconvinced, pointing to Labuschagne’s dismissal off Nitish Kumar Reddy, caught at gully, as indicative of a recurring flaw in his techinique. "I’m still not convinced with Marnus. I don’t think that was anywhere near what we know he’s capable of. He might have got a couple out of the middle, got a couple of freebies, batted well that night to get through but they bowled poorly. India vs Australia Live Score: 'Jasprit Bumrah is a combination of legendary pacers...' Former Australia cricketer Greg Chappell, who formerly coached India, thinks Jasprit Bumrah combines the finest qualities of the great pacers Andy Roberts and Dennis Lillee. Bumrah is currently the only player preventing Australia from winning the Border-Gavaskar Trophy, he said. "I have always said that Dennis Lillee and Andy Roberts were the most complete fast bowlers that I faced. How does Bumrah, with his unorthodox action and masterful control, measure against these two and the other titans of modern fast bowling? "Bumrah, though less overtly combative, channels Lillee's ability to unsettle batsmen. His deadly yorkers and disconcerting bounce - especially with his unorthodox release point and trajectory - echo Lillee's capacity to dictate terms. Bumrah's quiet intensity and precision make him a nightmare, much like Lillee's unrelenting aggression. IND vs AUS Live Score: Analysing Team India's downfall in last five Tests Team India's Test cricket performance has taken a nosedive. After a hot start to 2024, they've stumbled badly. Four losses in their last five matches, including a 0-3 whitewash against New Zealand at home, have dropped them to third in the World Test Championship standings. Poor batting and inconsistent bowling are the main culprits. Let’s dive into the numbers behind India's recent struggles, comparing their current form to the dominant run earlier in the year. India started 2024 like a house on fire, winning seven of their first eight Test matches. This put them at the top of the World Test Championship table. However, their form has drastically dipped. This slump has jeopardised India's chance for a third consecutive WTC final appearance. As a batting group, we are looking to post a big total first up. That's been the key discussion and every batter has his own game plan. I still have the freedom as a batter. One of the challenges is whether you can play the game you want to play, irrespective of what's happening at the other end and irrespective of scorecard. I faltered in the first innings because of what happened at the other end and I take that upon myself. And there was a period when I didn't face much -- may be one ball in four overs and then when I faced a delivery I missed a completely fuller ball. These are challenges you face. You might not face a ball for four overs or you might end up facing 18 balls on the trot. Border-Gavaskar Trophy Live Score: Shubman Gill hands Pat Cummins a reality check: 'Not aware what success he is talking about' India batter Shubman Gill responded to Pat Cummins after the Australian skipper talked about his approach of using the short ball tactic that had brought them success in Adelaide. "Yeah, potentially. It worked out in the Adelaide Test. It's always in the back of your mind as a bit of a plan B," Cummins told the media in his pre-match press meet. "If it's something really uncomfortable, you're likely to take a look at it and come to a plan A. It worked in Adelaide, so I'm sure we'll give it a shot at some point (in the third Test)," he added. However, Gill brushed off Cummins' suggestion and questioned its effectiveness against top-order players like himself. He remains unfazed and confident in his ability to handle such tactics. Subscribe to our newsletter and get all the stories that matter delivered to your inbox India vs Australia Live Score: How India vs Australia 3rd Test could alter World Test Championship The third Border-Gavaskar Test, a crucial match between India and Australia, begins Saturday at the Gabba. With the series tied at 1-1, the Brisbane Test will likely determine the series victor and the final World Test Championship standings. India's Rohit Sharma and Virat Kohli will face a challenging Australian team determined to win. The Gabba pitch is known for its challenging nature. India's hopes rest partly on Australia's batting vulnerability, which could lead to a collapse if Travis Head's aggressive batting falters. India's bowling strength lies with Jasprit Bumrah, whose performance has overshadowed other bowlers in the series. IND vs AUS 3rd Test, Live Score: Exclusive | The unheard story of India's Gabba glory Three years ago, around this time in January, India did the unthinkable — they stormed the "fortress", popularly known as "The Gabba", a bastion that had stood unyielding for over three decades. The Australians, guardians of this impregnable citadel, could never have fathomed in their wildest dreams that they would be handed a humiliation so brutal, it birthed the iconic headline, "Toota Gabba ka ghamand" ('The pride of Gabba is broken'). As Rishabh Pant dispatched the winning runs off Josh Hazlewood, there was another warrior at the other end — Navdeep Saini. From what could only be described as the best seat in the house, he saw history being made and "ghamand" broken. But this victory didn’t come without its price. Saini, already battling a groin injury, had been running on sheer willpower. While his sprint was rendered unnecessary as Pant's shot kissed the boundary ropes, with players running in from the dugout to embrace in ecstasy, Saini, in an exclusive interview with TimesofIndia.com, revealed that the Gabba win was like a magical cure after all, healing all his suffering from groin pain, tapes and painkillers. Border-Gavaskar Trophy Live Score: Shubman Gill's Test Record India vs Australia Live Score: Captain Pat Cummins on the eve of the Brisbane Test "Yeah, potentially. It worked out in the Adelaide Test. It's always in the back of your mind as a bit of a plan B. If it's something really uncomfortable, you're likely to take a look at it and come to a plan A. It worked in Adelaide, so I'm sure we'll give it a shot at some point (in the third Test). Yeah, that's right. The professional players that we are, obviously, we'll be ready for it. The guys always relish who they come up against, whatever the conditions are. Look, going to India and seeing a spinning wicket...for someone like Smithy (Steve Smith), he loves that challenge where it is really difficult to bat on. Those conversations, they're always up for it and exciting for the next round." - Australia captain Pat Cummins IND vs AUS 3rd Test, Live Score: Steve Smith's epic praise for Virat Kohli in 'Hindi', calls him... The India-Australia rivalry brings no dull moment for the cricket fans, as the sledging and verbal volleys between the players on the ground add a spark to it. But what is seen on the field is not off it, as star Aussie batter Steve Smith opens up about his camaraderie with Virat Kohli. Smith praised Kohli's competitive mindset and likened him to Australian cricketers, emphasising his aggressive approach, readiness to take on challenges and ability to dominate under pressure. "We get along very well. We often share messages, and he is fantastic and a wonderful player. I think Virat Kohli is Australian in his mindset and work. The way he enters a battle, accepts challenges, and dominates his position. So, among Indian players, he is probably the most Australian," Smith said on Star Sports. Dominant wins by both teams in the first two Tests, coupled with inconsistent performances from some of their star batters, leave no clear favourite for the third match of the five-Test Border-Gavaskar series, set to begin on Saturday in Brisbane. Border-Gavaskar Trophy Live Score: With two Tests left in 2024, Australia battle to avoid historic low Australia's batting line-up faces a significant challenge in the remaining two Tests of the year: they need to score centuries to avoid recording their lowest century tally this century. The team has only two Tests left in 2024 to improve their century count. Captain Pat Cummins remains optimistic, expressing confidence in strong performances from Steve Smith and Usman Khawaja in the upcoming Brisbane Test, starting on Saturday. Both Smith and Khawaja are experiencing their longest stretches without a century. Smith’s drought has extended to 24 innings, while Khawaja’s has reached 27 innings. Their most recent centuries were during the 2023 Ashes. India vs Australia Live Score: Virat Kohli poised for another milestone in Brisbane Test Virat Kohli is on the verge of achieving another significant milestone in Australia. He needs 25 more runs in the ongoing Border-Gavaskar Trophy to reach 1500 Test runs in the country. This would make him only the second Indian, after Sachin Tendulkar, to reach this landmark. Kohli currently has 1475 Test runs in Australia. He is just short of the 1500-run mark. Tendulkar holds the Indian record with 1809 runs. Kohli would need another 334 runs to surpass Tendulkar's record. Kohli has an impressive seven Test centuries in Australia. This places him second only to Jack Hobbs, who scored nine centuries as a visiting batter. Kohli's average in Australia stands at 52.67, with a high score of 169. The third Test of the Border-Gavaskar Trophy at the Gabba presents a significant challenge for both Rohit Sharma and Virat Kohli as Rohit and Virat's first-innings averages in the 2024-25 season are a concerning 6.88 and 10, respectively. IND vs AUS 3rd Test, Live Score: The Stakes at the Gabba The Gabba Test is more than just another match; it could be a series decider with implications for the World Test Championship race. The venue, known for its bouncy pitches, has historically favored aggressive cricket. For India, victory would underline their resilience and strengthen their position in the championship. For Australia, it’s an opportunity to assert dominance and avenge past defeats. The psychological edge gained from a win here could shape future contests between these two teams. With both sides grappling with form and conditions, the stage is set for a thrilling showdown. Border-Gavaskar Trophy Live Score: Australia’s Fragile Batting Lineup Australia’s batting has mirrored India’s fragility, with only Travis Head showing consistent aggression. Head’s counterattacking style has often put pressure on Indian bowlers, making him a key wicket. Steve Smith’s struggle with straight-line bowling and Labuschagne’s patchy form are concerns for the hosts. Youngster Nathan McSweeney showed grit in Adelaide, but the lineup remains vulnerable if Bumrah strikes early. Australia’s strategy revolves around surviving Bumrah’s opening spell and targeting the less effective Indian bowlers. With Josh Hazlewood returning to replace Scott Boland, their bowling attack gains strength, providing additional support to Pat Cummins and Mitchell Starc. India vs Australia Live Score: Jadeja’s Potential Return Ravindra Jadeja’s return to the XI could be a game-changer for India. His ability to contribute with both bat and ball makes him an invaluable asset in overseas conditions. While Ashwin and Washington Sundar have been steady, Jadeja offers more versatility and depth. His batting prowess can strengthen the lower middle order, which has often collapsed under pressure. On a Gabba pitch that might not turn much, Jadeja’s ability to extract bounce and his sharp fielding could make a significant difference. The team management faces a tough call in balancing experience and potential. IND vs AUS 3rd Test Live Score: Bumrah’s Brilliance and the Need for Support Jasprit Bumrah has been India's standout performer, consistently outshining other bowlers in the series. His ability to extract movement and pace has kept India in the contest. However, he cannot do it alone. The other bowlers need to step up and deliver, particularly against an Australian batting lineup that has struggled for consistency. Bumrah's first spell with the new Kookaburra will be critical, and the team needs to capitalize on any breakthroughs he provides. Support from spinners like Ashwin or Jadeja, alongside a strong second pacer, could be pivotal in exploiting Australia’s vulnerabilities. Border Gavaskar Trophy Live Score: India’s Batting Woes India's batting struggles, especially in the first innings, have been a recurring issue. With six sub-150 totals in the past year, the team has often been on the back foot. The Gabba pitch, offering bounce and seam movement, will test the Indian top order. Rohit Sharma's batting position is under scrutiny, with debates about whether he should open or bat lower to counter the conditions. For India to succeed, the team needs big contributions from the top order, including Shubman Gill and KL Rahul, to provide a foundation for the middle order and ease the pressure on their bowlers. India vs Australia Live Score: Rohit and Kohli Under the Spotlight Rohit Sharma and Virat Kohli, two giants of Indian cricket, face mounting pressure as they prepare to battle Australia on a challenging Gabba surface. With the series tied 1-1, their ability to lead the batting unit will be crucial. Despite their undeniable skill, both have struggled for form in the ongoing season, with Rohit averaging 6.88 and Kohli 10 in first innings performances. Kohli's recent century in Perth provided a much-needed boost, but Rohit needs a captain's knock to inspire his side. Their performances could shape not only this match but also India’s prospects in the World Test Championship. IND vs AUS 3rd Test Live Score: Hello and welcome to the live coverage of third Test The third Test of the ongoing Border-Gavaskar Trophy at the Gabba, with the series tied 1-1, is a pivotal clash for both teams. Rohit Sharma and Virat Kohli face mounting pressure to lead India's batting on a challenging track, with their recent form under scrutiny. India's first-innings collapses and reliance on Jasprit Bumrah’s bowling highlight key vulnerabilities. Ravindra Jadeja’s inclusion could add balance. Australia’s Travis Head and Josh Hazlewood boost their lineup, but concerns over Steve Smith and Marnus Labuschagne’s form persist. The Test's outcome could define the series and shape India’s path in the World Test Championship, raising the stakes significantly. Top Stories Right NowDENVER, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Medicine Man Technologies, Inc., operating as Schwazze, (OTC: SHWZ) (Cboe CA: SHWZ) ("Schwazze" or the "Company"), is providing an update on its previously announced delayed filings. On November 29, 2024, the Audit Committee of the Company determined, following discussions with Baker Tilly and the Company’s management, that the Company’s previously issued audited consolidated financial statements for the two fiscal years ended December 31, 2023, audited by BF Borgers, and the Company’s unaudited condensed consolidated financial statements and the notes thereto as of and for the fiscal periods ended March 31, 2023, June 30, 2023, and September 30, 2023 included in the Company’s Quarterly Reports on Form 10-Q for the fiscal periods ended March 31, 2023, June 30, 2023, and September 30, 2023 that were filed with the SEC (collectively the “Subject Periods”) will be restated due to the identification of certain accounting adjustments needed primarily relating to technical accounting areas. The Company has concluded that the impact of these corrections is material and as a result, the Subject Periods should no longer be relied upon. Similarly, any previously issued or filed reports, press releases, earnings releases, investor presentations or other communications of the Company describing the Company’s financial results or other financial information should no longer be relied upon to the extent that they are related to the Subject Periods. Schwazze does not currently believe that the foregoing corrections will have any negative material impact on the Company’s revenue, adjusted EBITDA, cash from operations or cash position. Additional details on the impact of these adjustments can be found in the Company’s related Form 8-K filed earlier today. About Schwazze Schwazze (OTC: SHWZ) (Cboe CA: SHWZ) is building a premier vertically integrated regional cannabis company with assets in Colorado and New Mexico and will continue to explore taking its operating system to other states where it can develop a differentiated regional leadership position. Schwazze is the parent company of a portfolio of leading cannabis businesses and brands spanning seed to sale. Schwazze is anchored by a high-performance culture that combines customer-centric thinking and data science to test, measure, and drive decisions and outcomes. The Company's leadership team has deep expertise in retailing, wholesaling, and building consumer brands at Fortune 500 companies as well as in the cannabis sector. Medicine Man Technologies, Inc. was Schwazze's former operating trade name. The corporate entity continues to be named Medicine Man Technologies, Inc. Schwazze derives its name from the pruning technique of a cannabis plant to enhance plant structure and promote healthy growth. To learn more about Schwazze, visit https://schwazze.com/ . Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include financial outlooks; statements regarding the expected impact of the restatements and change in accounting treatment, including on the Company’s overall business operations, previously reported cash and cash equivalent balances, and strategic outlook; statements regarding the Company’s internal controls over financial reporting and ongoing internal reviews and assessments; any projections of net sales, earnings, or other financial items; any statements of the strategies, plans and objectives of our management team for future operations; expectations in connection with the Company's previously announced business plans; any statements regarding future economic conditions or performance; and statements regarding the intent, belief or current expectations of our management team. Such statements may be preceded by the words "may," "will," "could," "would," "should," "expect," "intends," "plans," "strategy," "prospects," "anticipate," "believe," "approximately," "estimate," "predict," "project," "potential," "continue," "ongoing," or the negative of these terms or other words of similar meaning in connection with a discussion of future events or future operating or financial performance, although the absence of these words does not necessarily mean that a statement is not forward-looking. We have based our forward-looking statements on management's current expectations and assumptions about future events and trends affecting our business and industry. Although we do not make forward-looking statements unless we believe we have a reasonable basis for doing so, we cannot guarantee their accuracy. Therefore, forward-looking statements are not guarantees of future events or performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control and cannot be predicted or quantified. Consequently, actual events and results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, that the Company has underestimated the scope and impact of the restatements, risks and uncertainties around the effectiveness of the Company’s disclosure controls and procedures and the effectiveness of the Company’s internal control over financial reporting, the risk that the Company’s restated financial statements may take longer to complete than expected, as well as those risks and uncertainties risks and uncertainties associated with (i) regulatory limitations on our products and services and the uncertainty in the application of federal, state, and local laws to our business, and any changes in such laws; (ii) our ability to manufacture our products and product candidates on a commercial scale on our own or in collaboration with third parties; (iii) our ability to identify, consummate, and integrate anticipated acquisitions; (iv) general industry and economic conditions; (v) our ability to access adequate capital upon terms and conditions that are acceptable to us; (vi) our ability to pay interest and principal on outstanding debt when due; (vii) volatility in credit and market conditions; (viii) the loss of one or more key executives or other key employees; and (ix) other risks and uncertainties related to the cannabis market and our business strategy. Any such risks and uncertainties could materially and adversely affect the Company’s results of operations, its profitability and its cash flows, which would, in turn, have a significant and adverse impact on the Company’s stock price. The Company cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission (SEC), including the Company's Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's website at http://www.sec.gov . The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise except as required by law. As noted above, investors are cautioned that the Subject Periods, and related investor communications, should no longer be relied upon; such communications include earnings releases, press releases, shareholder communications, investor presentations and other communications describing relevant portions of the Subject Periods. Investor Relations Contact Sean Mansouri, CFA or Aaron D’Souza Elevate IR (720) 330-2829 ir@schwazze.com
Rich Rodriguez ready to get back to work at WVU
DAMATURU – Senator Mohammed Ali Ndume (APC) Borno South has distributed 25 bulls to all Army formations in his constituency to enable them celebrate the 2024 Christmas and the New Year 2025. The Senator in his usual gesture has also distributed food and non-food items to Christian Communities across the constituency, even as he visited the office of the Theatre Commander, North East ‘Operation Hadin KAI’, Major General Waihid Shauibu on Tuesday where he appealed for reopening of the Maiduguri-Damboa-Biu road and other roads to enable easy movement of good and services. Flagging off the distribution of the Christmas largesse to leaders and representative of various groups, clubs and associations irrespective of political consideration, Ndume said, “This is a routine gesture to enable my people celebrate the Christmas without hitches. “The military have been doing wonderfully well in the fight against insurgency, especially in Southern Borno which is now very peaceful compared to the past. “We will continue to give the military the desired support and cooperation to fulfil their mandate or rules of engagement for peace to reign forever not only in our constituency, or Borno, but the country as a whole. I visited the Theatre Commander today who is a very good and dedicated Army General in the fight against Boko Haram. “I also used the opportunity and appealed to his noble office to intensify efforts in degrading remnants of Boko Haram Terrorists still hibernating around the Mandara Mountains and other hideouts. “I want to also pray that God will grant us successful Christmas celebrations and the new year in advance”. Ndume stated. He also enjoined all and sundry, especially people from the constituency to continue pray for peace and give their maximum support to the present administration of Governor Babagana Zulum of Borno State and President Bola Ahmed Tinubu in their quest to better the lives of the citizenry.AleAnna, Inc. Announces Completion of Business Combination between Swiftmerge Acquisition Corp. and AleAnna Energy, LLC
NoneCaitlin Clark honored as AP Female Athlete of the Year following her impact on women's sports Caitlin Clark has been named the AP Female Athlete of the Year after raising the profile of women’s basketball to unprecedented levels in both college and the WNBA. She led Iowa to the national championship game, was the top pick in the WNBA draft and captured rookie of the year honors in the league. Fans packed sold-out arenas and millions of television viewers followed her journey on and off the court. Clark's exploits also put other women's sports leagues in the spotlight. A group of 74 sports journalists from AP and its members voted on the award. Other athletes who received votes included Olympic gold medalist Simone Biles and boxer Imane Khelif. Clark’s only the fourth women’s basketball player to win the award since it was first given in 1931. Wemby at The Garden. LeBron vs. Steph. The NBA's Christmas Day lineup, as always, has star power LeBron James made his Christmas debut in 2003. Victor Wembanyama was born 10 days later. That’s right: James has been featured on the NBA’s big day for longer than Wembanyama has been alive. And on Wednesday the league’s oldest player and brightest young star will be big parts of the holiday showcase. It’s another Christmas quintupleheader, with Wembanyama and the San Antonio Spurs visiting the New York Knicks, Minnesota going to Dallas for a Western Conference finals rematch, Philadelphia heading to Boston to renew a storied rivalry, James and the Los Angeles Lakers taking on Stephen Curry and the Golden State Warriors, and Denver playing at Phoenix. Pro Picks: Chiefs will beat the Steelers and Ravens will edge the Texans on Christmas Day Playoff berths, draft positioning and more are up for grabs in Week 17. There’s going to be plenty of football on television this holiday week with the NFL playing games on five out of six days, starting with a doubleheader on Christmas Day featuring four of the AFC’s top five teams. Patrick Mahomes and the two-time defending Super Bowl champion Kansas City Chiefs visit Russell Wilson and the Pittsburgh Steelers on Wednesday. Then, two-time NFL MVP Lamar Jackson and the Baltimore Ravens take on C.J. Stroud and the Houston Texans. The Bears host the Seahawks on Thursday night and there are three games on Saturday, making Sunday’s schedule light at nine games. Falcons drafting Penix no longer a head-scratcher with rookie QB shining in place of benched Cousins It was the most surprising first-round pick in a long time when the Atlanta Falcons chose Michael Penix Jr. with the eighth overall selection in the NFL draft last April. That came just six weeks after the Falcons had signed free agent quarterback Kirk Cousins to a four-year, $180 million deal with $100 million in guarantees. But that move is no longer a head-scratcher after Penix's solid starting debut in place of a benched and turnover-prone Cousins. Several teams have fared well with new quarterbacks this season including the Steelers, Broncos, Vikings and Commanders. Lindsey Vonn thinks her new titanium knee could start a trend in skiing. And pro sports in general ST. MORITZ, Switzerland (AP) — Lindsey Vonn thinks her new titanium knee could be the start of a trend in ski racing. The 40-year-old American standout had replacement surgery in April and returned to the World Cup circuit after nearly six years last weekend. She says her knee feels “amazing" and that "it’s something to seriously consider for athletes that have a lot of knee problems.” Her surgery was the first of its kind in World Cup skiing. Vonn had a robot-assisted surgery in April with part of the bone in her right knee cut off and replaced by two titanium pieces. She was planning her comeback a month later. Boise State's legacy includes winning coaches and championship moments No. 8 and third-seeded Boise State is preparing for its third trip to the Fiesta Bowl. This time it's in a playoff quarterfinal against No. 5 and sixth-seeded Penn State on New Year’s Eve. Boise State's first appearance on the national stage was in a memorable victory over Oklahoma in the Fiesta Bowl on Jan. 1, 2007. But former coach Chris Petersen said the victory in that bowl three years later over TCU was even more meaningful for the program. Players have mixed feelings about being on the road on Christmas as NFL adds more holiday games OWINGS MILLS, Md. (AP) — Games on Christmas aren’t new to the NFL. The Miami Dolphins famously beat the Kansas City Chiefs in a playoff game on Dec. 25, 1971 — a double-overtime classic that still holds the record for the NFL’s longest game. In 2020, New Orleans running back Alvin Kamara tied an NFL record with six touchdowns in a game when the Saints beat Minnesota on Christmas. Lately the league has been much more aggressive about scheduling games on Christmas. That's been met with mixed feelings among the players. Baltimore tackle Ronnie Stanley says there is an offensive line Christmas party planned for Friday at center Tyler Linderbaum’s house. Quarterback Lamar Jackson’s plan is to celebrate on Thursday. Embiid ejected after drawing 2 technicals in game against Wembanyama and Spurs PHILADELPHIA (AP) — Philadelphia 76ers star Joel Embiid was ejected in the first half of Monday night’s game against San Antonio after drawing two technical fouls. Referee Jenna Schroeder ejected Embiid with 2 minutes, 59 seconds left in the second quarter. The seven-time All-Star received the first technical for arguing with Schroeder, and received another technical — and ejection — from Schroeder before any more game time elapsed. Embiid was close to Schroeder, but it wasn’t clear from replays whether he made contact with the official. An enraged Embiid charged toward the officials after the ejection and was restrained by teammate Kyle Lowry, head coach Nick Nurse and several assistants. Nikki Glaser uses Prime Video's NFL postgame show appearances to help prepare for Golden Globes INGLEWOOD, Calif. (AP) — Nikki Glaser has become a familiar face to football fans this season. Her breakthrough performance at the Tom Brady Roast on May 5 paved the way for five appearances on Amazon Prime Video’s “Thursday Night Football” postgame show. Glaser said before last Thursday’s game between the Denver Broncos and Los Angeles Chargers that doing her “Late Hits” segment was a no-brainer following her success at the Brady roast. Leaving Thunder, Bucks off the NBA's Christmas game list has those teams feeling snubbed Oklahoma City leads the Western Conference and has a MVP candidate in Shai Gilgeous-Alexander. Milwaukee has the NBA’s leading scorer in Giannis Antetokounmpo. They were the teams that made their way to the NBA Cup final. By any measure, they’re both very good teams. And neither will play on Christmas Day this year. Bah, humbug. The NBA faces the same challenge every summer, figuring out which 10 teams will get the honor of playing on Christmas Day. But the Bucks and Thunder are right to feel snubbed.
From Ndubuisi Orji, Abuja When President Bola Tinubu transmitted four executive bills, intended to reform tax administration to the National Assembly, on October 3, it was taken for granted that the bills will be passed in matter of days, by the House of Representatives. The reason is simple. The House has always be beholden to the Executive. Since, the inception of the present administration, the Presidency has always gotten whatever it wants from the parliament with dispatch. However, with the four tax reform bills, which include the Joint Revenue Board of Nigeria (Establishment) Bill, 2024, The Nigeria Revenue Service (Establishment) Bill, 2024, The Nigeria Tax Administration Bill, 2024 -and the Nigeria Tax Bill, 2024, it has become a different kettle of fish. The tax reforms bills, since their transmission to the National Assembly have been trailed by controversy. First, the National Economic Council ( NEC), after a meeting, called for a pause to allow for further consultation. The NEC which is chaired by the Vice President, Kashim Shettima, has governors of the 36 states as members. Also, northern leaders,including Governor Babagana Zulum and the Northern Elders Forum( NEF), have also kicked against the proposed legislations, arguing that it is skewed against the North. However, the Presidency has continued to push for the bills. Three weeks ago, the Senate passed the tax bills for second reading and referred them to its Committee on Finance for further legislative action. However, the bills have been stalled in the Green chamber, owing to stiff opposition by members of the northern caucus. Contentious provisions The controversy trailing the tax reform bills stems principally from the proposed increase in the Value Added Tax ( VAT) and the distribution of revenue to the states. For instance, Section 146 of the Nigeria Tax Bill provides for an increase in VAT from the current 7.5 percent to 10 percent in 2025, 12 . 5 percent in 2026- 2029 and 15 percent in 2030. Also, Section 77 of the Tax administration bills states that revenue accruing from VAT shall be distributed on to the three tiers of government as follows: Federal Government- 10 percent; state government- 55 percent and local government 35 percent, “ provided that 60 percent of the amount standing to the credit of states and local governments shall be distributed among them on the basis of derivation.” However, this provision, especially Section 77 of Tax Administration Bill, has not gone down well with Northern leaders, who believe it will affect the region adversely. The League of Northern Democrats(LND), a political pressure group consisting of eminent Northern politicians, in its technical report on the tax bills, says the proposed increase in VAT seems hasty and would impose more hardship on the people. The LND, which is led by former Kano Governor, Ibrahim Shekarau, in the report, which was presented in Abuja last Thursday, noted that “records indicate that VAT was introduced at the rate of 5% in 1993, and was revised to 7.5% in 2020, a 2.5% increase after 27 years. “The proposal to increase VAT rate to 10% after only Four years appears too quick and hasty. This has the potential to exacerbate the current burden on households through direct increases in prices in a period of sustained high inflation. “This long-term plan for periodic increment in VAT rate is clearly unscientific apart from being technically unpredictable. Appropriate VAT rate should be determined by the economic situation in that period.” Politics of geography The tax reform bills , which has kept the parliament on the edge, since they were transmitted, have polarised the House into North/ South divide. At least on three occasions, in the last three weeks, the issue was a source of rancour in the Green Chamber. In one occasion, members of the House, shouted down the chairman, House Committee on Media and Public Affairs, Akin Rotimi, for what they considered a subtle attempt to push for the tax bills. Rotimi, while proposing a motion for the consideration of reports of the House Committee on Nigerian Content Development and Monitoring, on behalf of the chairman, , Boma Goodhead, had said he is from Ekiti, “the first state whose National Assembly caucus has unanimously endorse the tax bills.” Immediately, the members shouted him down, as the House erupted in protest, with members shouting no. No. The speaker, Tajudeen Abbas, in a bid to calm frayed nerves, cautioned Rotimi to stick to the subject matter. Abbas said “Mr Rotimi, you know this is a controversial issue. I don’t want you to be mentioning things that are not relevant to the subject matter. On your behalf, I withdraw that statement that you have made.” But aggrieved members were not swayed even after the spokesman retracted his words. Also, same day, a New Nigeria Peoples Party ( NNPP) member from Kano, Ghali Mustapha Tijani, while speaking under matters of privilege, asked for the resignation of the deputy spokesman of the House, Philip Agbese, for allegedly misrepresenting issues with respect to members position on the tax bills. The week before, the House had gone into an executive session as part of efforts to build consensus around the bills, preparatory for their second reading where the general principles will be debated. However, the session did not yield the desired fruits as some of the northern members pointedly told the leadership that the bills are against their people. Analysts say the three incidents reflects the disposition of members, especially those from the Northern part of the country to the tax reform bills. Amid rising tension, the leadership suspended deliberations on the bills, in the Green chamber to enable more consultations by members. Tijani, who represents Albasu/ Gaya/Ajingi Federal Constituency of Kano State, told journalists, in Abuja, that the tax reform bills came at the wrong time. According to the lawmaker, the bills, if passed into law, will impact negatively on the masses, especially as regards the payment of Value Added Tax ( VAT). According to him, “the four bills, to me, came at the wrong time. For simple reason, the policies of the current government have not helped the Nigerian poor. Similarly, there are two major areas of concern, the derivation as well as the increase in the VAT system. “You see, if you take the VAT, Section 146 talked about the increase in the VAT from 7.5% to 10% to 12% and to 15% by 2030. And nobody will tell you that this will not be transferred to the final consumer. No matter what, yes, you have talked about exemption, exemption for some certain cadre or scale or income, but the final consumer or the companies will transfer the VAT or the tax to the final consumer.” Tijani, who wondered why the government is pushing for the hasty passage of the tax bills, said the proposed legislations should be jettisoned all together. “The Executive should understand that this bill is generating serious concern, serious issue. I can tell you, if this bill is being implemented, the current problem we have today will multiply. The bills, I think, are not debatable. They should be completely discarded or put aside.” Daily Sun gathered that the Executive, as well as the proponents of the tax bills in the House, have stepped up efforts to woo those opposed to the proposed legislations, so that whenever it comes up for second reading, it will have a smooth sail. Two week ago, the Southern caucus in the House, openly expressed support for the bills, stating that they are open for dialogue. The chairman of the caucus, Nicholas Mutu, who disclosed this at a press briefing, in Abuja, said the Southern lawmakers have met over the bills and are in support of them. Mutu said “ The southern caucus of the House of Representatives has met. We welcome the bills and are we are open to dialogue. “ The lawmaker added that “we are open to dialogue. And at the right time, we will capture the people elements that is missing in the bill. The bill is good for Nigeria and it is people oriented bill. And we are happy to have the bill.” The chairman of the Bayelsa State caucus, in the House, Fred Agbedi, who also spoke at the briefing noted that there is no division in the House over the bills. According to him” Mr President has sent Executive Bills , what the Southern caucus is saying is that we are ready to take up our official responsibility of making laws for the nation. We welcome the bills and that as we process them, inputs are made from our various states and Constituencies. “Some states have already received those inputs. So we are in consonant with our constituents and the states that we represent. So we are ready to work to ensure that we give a better tax law to Nigerians. That is what is what we are interested in. There is nothing like Southern or Northern divide.” Like host communities fund, like tax bills The controversy trailing the tax reform bills, is reminiscent of what obtained in the House in the 9th assembly with respect to the Host Communities fund provided in the Petroleum Industry Act (PIA). The Host Community Fund, which is part of the key provisions of the PIA, had generated controversy prior to the passage of the Act. The House had recommended 5 percent as Host Fund, while the Senate settled for 3 percent. However, a conference committee of both chambers adopted 3 percent. The development sparked a row in the Green chamber, with Southern lawmakers, who stated that it was against the interest of their people, staging a walk out, after protesting on the floor of the House. Regardless, the parliament eventually adopted 3 percent as Host Community Fund. For the chairman, House Committee on Defence, Babajimi Benson, there is nothing unusual about the reaction to the proposed legislations on tax reforms.Benson, who represents Ikorodu Federal Constituency, recalls that similar controversies had trailed the 13 per cent derivation fund for oil-producing state, as well as the host community fund in the Petroleum Industry Act (PIA). “At every point in time, there’s no bill that has a national outlook that there won’t be interest colliding one way or the other. Our job is to sit down with our brothers, find the middle course and move ahead, “ he stated. Inside sources say the House leadership is working a tight rope over the tax reform bills. It was gathered that why the leadership does not have issues slating the bills for second reading, it is been careful to ensure, it does not incur the wrath of majority of members over the proposed legislations. Besides, there are fears that if the bills are slated for second reading without adequate consultations, it might scale through. In recent times, several bills had been killed on the floor, when they came up for second reading. For instance, recently, the House has rejected at least three bills, members felt strongly against. They include a bill seeking for rotation of governorship and presidential seats among the constituent part of a state and the country respectively, as well as a bill seeking to make it compulsory for a presidential candidate to secure more than 50 percent of votes in a election to be declared winner. Ironically, both bills which were sponsored by Ikeagwuono Ugochinyere and 32 others, and Awaji–Inombek Abiante were rejected even before the sponsors had the opportunity to lead debates on them. Similarly, another bill seeking to raise the educational qualifications for persons seeking to hold the office of President, was stepped down by the sponsor, Adewunmi Onanuga, after a very stormy debate on the general principles. Proponents of the tax reform bills are concerned that if there is no consensus on the proposed legislations, things may go awry. Consequently, both the Executive and their foot soldiers in the House are intensifying their engagements with those opposed to the bills. Interestingly, the House was unable to find a common ground on the bills, before proceeding on its Christmas holiday, on December 19. Expectedly, the four executive bills would be on the front burner, when the House resumes plenary on January 14, 2025. The question is can lawmakers find a common ground on the tax reform bills, especially on the contentious formula for sharing the proceeds of VAT amongst states and local government? It seems only time will tell.The champions had descended into crisis after a run of seven games without a win – six of which were defeats and the other an embarrassing 3-3 draw after leading 3-0. Four of those losses had come in the Premier League, heavily damaging their chances of claiming a fifth successive title, but they appeared to turn the corner by sweeping Forest aside at the Etihad Stadium. “We needed it,” said City manager Guardiola. “The club, the players, everyone needed to win. “But it is just one game and in three days we are at Selhurst Park, where it has always been difficult. “We played good. We still conceded some transitions and missed some easy things and lost some passes that you have to avoid, but in general, the most important thing was to break this routine of not winning games and we won it.” Kevin De Bruyne, making his first start since September after overcoming a pelvic injury, made a huge difference to a side that appeared rejuvenated. His powerful header was turned in by Bernardo Silva for the opening goal and the Belgian followed up with a powerful strike to make it 2-0. The 33-year-old is out of contract at the end of the season but it was a strong riposte to recent suggestions of a rift with Guardiola. A sweet strike 💥 ⚡️ #HighSpeedMoments | @eAndGroup pic.twitter.com/WJOkfKo2zr — Manchester City (@ManCity) December 4, 2024 “I’m so happy for him,” said Guardiola of De Bruyne’s telling contribution. “Last season he was many months injured and this season as well. “I’m so happy he’s back. He fought a lot, he’s worked and he’s back with his physicality. The minutes he played in Anfield were really good and today he played 75 fantastic minutes.” Jeremy Doku wrapped up a pleasing win when he finished a rapid counter-attack just before the hour but there was still a downside for City with injuries to defenders Nathan Ake and Manuel Akanji. Guardiola said: “For Nathan it doesn’t look good and Manu has struggled a lot over the last two months. We will see. “Phil (Foden) has bronchitis but when he doesn’t have fever he will be ready.” Despite City’s dominance, Forest did have some bright moments and manager Nuno Espirito Santo was not downbeat. He said: “When you lose 3-0 and you say it was a good performance maybe people don’t understand, but I will not say that was a bad performance. “There are positive things for us in the game. Of course there are a lot of bad things, mistakes, but we had chances. “We didn’t achieve but I think we come out proud of ourselves because we tried. For sure, this game will allow us to grow.”
Nebraska plans not to get caught sleeping vs. South Dakota
AKTX stock touches 52-week low at $1.06 amid market challengesEquity positioning remains above average, with US stocks in lead: Deutsche Bank
Canada needs to take Trump's tariff threats seriously: expertsLANDOVER, Md. (AP) — Allowing two kickoff return touchdowns and missing an extra point all in the final few minutes added up to the Washington Commanders losing a third consecutive game in excruciating fashion. The underlying reason for this slide continuing was a problem long before that. An offense led by dynamic rookie quarterback Jayden Daniels that was among the NFL's best for a long stretch of the season put up just nine points and 169 yards for the first three-plus quarters against Dallas before falling behind 20-9 and teeing off on the Cowboys' conservative defense. “We just couldn’t really get it going,” said receiver Terry McLaurin , whose lengthy touchdown with 21 seconds left masked that he had just three catches for 16 yards through three quarters. “We’ve got to find a way to start faster and sustain drives, and that’s everybody: the whole coaching staff and the offensive players just going out there and figuring out ways that we can stay on the field.” This is not a new problem for Washington, which had a season-low 242 yards in a Nov. 10 home loss to Pittsburgh and 264 yards four days later in a defeat at Philadelphia. Since returning from a rib injury that knocked him out of a game last month, Daniels has completed just under 61% of his passes, after 75.6% over his first seven professional starts. Daniels and coach Dan Quinn have insisted this isn't about injury. The coaching staff blamed a lack of adequate practice time, but a full week of it before facing the Cowboys did not solve the problem. It is now fair to wonder if opponents have seen enough film of offensive coordinator Kliff Kingsbury's system to figure it out. “I think teams and coordinators are going to see what other teams have success against us and try to figure out how they could incorporate that into their scheme," Daniels said after going 12 of 22 for 80 yards passing through three quarters in the Dallas game. "We’ve been in third and longer a lot these past couple games, so that’s kind of where you get into the exotic pressures and stuff like that. We’ve just got to be better on first and second downs and stay ahead of the chains.” Daniels has a point there, and it predates this losing streak. The Commanders have converted just 36% of third-down opportunities (27 for 75) over their past seven games after 52% (31 for 60) in their first five. That challenge doesn't get any easier with Tennessee coming to town Sunday. The Titans, despite being 3-8, have the second-best third-down defense in the league at 31.6%. The defense kept the Commanders in the game against Dallas, allowing just 10 points until the fourth quarter and 20 total before kickoff return touchdowns piled on to the other side of the scoreboard. Even Cooper Rush's 22-yard touchdown pass to Luke Schoonmaker with five minutes left came after a turnover that gave the Cowboys the ball at the Washington 44. The defense spending more than 35 minutes on the field certainly contributed to fatigue as play wore on. The running game that contributed to a 7-2 start has taken a hit, in part because of injuries to top back Brian Robinson Jr. The Commanders got 145 yards on the ground because Daniels had 74 on seven carries, but running backs combined for just 57. Daniels could not say how much the rushing attack stalling has contributed to the offense going stagnant. “You’ve got to be able to run the ball, keep the defense honest,” he said. "We got to execute the plays that are called in, and we didn’t do a good job of doing that.” Linebacker Frankie Luvu keeps making the case to be first-year general manager Adam Peters' best free agent signing. He and fellow offseason addition Bobby Wagner tied for a team-high eight tackles, and Luvu also knocked down three passes against Dallas. Kicker Austin Seibert going wide left on the point-after attempt that would have tied the score with 21 seconds left was his third miss of the game. He also was short on a 51-yard field goal attempt and wide left on an earlier extra point. Seibert, signed a week into the season after Cade York struggled in the opener, made 25 of 27 field goal tries and was 22 of 22 on extra points before injuring his right hip and missing the previous two games. He brushed off his health and the low snap from Tyler Ott while taking responsibility for not connecting. “I made the decision to play, and here we are,” Seibert said. “I just wasn’t striking it well. But it means a lot to me to be here with these guys, so I just want to put my best foot moving forward.” Robinson's sprained ankle and fellow running back Austin Ekeler's concussion from a late kickoff return that led to him being hospitalized for further evaluation are two major immediate concerns. Quinn said Monday that Ekeler and starting right tackle Andrew Wylie are in concussion protocol. It's unclear if Robinson will be available against Tennessee, which could mean Chris Rodriguez Jr. getting elevated from the practice squad to split carries with Jeremy McNichols. The Commanders still have not gotten cornerback Marshon Lattimore into a game since acquiring him at the trade deadline from New Orleans. Lattimore is trying to return from a hamstring injury, and the secondary could use him against Calvin Ridley, who's coming off a 93-yard performance at Houston. 17 — Handoffs to a running back against Dallas, a significant decrease from much of the season before this losing streak. Don't overlook the Titans with the late bye week coming immediately afterward. The Commanders opened as more than a touchdown favorite, but after the results over the weekend, BetMGM Sportsbook had it as 5 1/2 points Monday. AP NFL: https://apnews.com/hub/nfl
LAS VEGAS — Players Era Festival organizers have done what so many other have tried — bet their fortunes in this city that a big payoff is coming. Such bet are usually bad ones, which is why so many massive casino-resorts have been built on Las Vegas Boulevard. But it doesn't mean the organizers are wrong. They're counting on the minimum of $1 million in guaranteed name, image and likeness money that will go to each of the eight teams competing in the neutral-site tournament that begins Tuesday will create a precedent for other such events. EverWonder Studios CEO Ian Orefice, who co-founded Players with former AND1 CEO Seth Berger, compared this event to last year's inaugural NBA In-Season Tournament that played its semifinals and final in Las Vegas by saying it "did really well to reinvigorate the fan base at the beginning of the year." "We're excited that we're able to really change the paradigm in college basketball on the economics," Orefice said. "But for us, it's about the long term. How do we use the momentum that is launching with the 2024 Players Era Festival and be the catalyst not to change one event, but to change college basketball for the future." Orefice and Berger didn't disclose financial details, but said the event will come close to breaking even this year and that revenue is in eight figures. Orefice said the bulk of the revenue will come from relationships with MGM, TNT Sports and Publicis Sport & Entertainment as well as sponsors that will be announced later. Both organizers said they are so bullish on the tournament's prospects that they already are planning ahead. Money made from this year's event, Orefice said, goes right back into the company. "We're really in this for the long haul," Orefice said. "So we're not looking at it on a one-year basis." Rick Giles is president of the Gazelle Group, which also operates several similar events, including the College Basketball Invitational. He was skeptical the financial numbers would work. Giles said in addition to more than $8 million going to the players, there were other expenses such as the guarantees to the teams. He said he didn't know if the tournament would make up the difference with ticket sales, broadcast rights and sponsorship money. The top bowl of the MGM Grand Garden Arena will be curtained off. "The math is highly challenging," Giles said. "Attendance and ticket revenues are not going to come anywhere close to covering that. They haven't announced any sponsors that I'm aware of. So it all sort of rests with their media deal with Turner and how much capital they want to commit to it to get these players paid." David Carter, a University of Southern California adjunct professor who also runs the Sports Business Group consultancy, said even if the Players isn't a financial success this year, the question is whether there will be enough interest to move forward. "If there is bandwidth for another tournament and if the TV or the streaming ratings are going to be there and people are going to want to attend and companies are going to want to sponsor, then, yeah, it's probably going to work," Carter said. "But it may take them time to gain that traction." Both founders said they initially were met with skepticism about putting together such an event, especially from teams they were interested in inviting. Houston was the first school to commit, first offering an oral pledge early in the year and then signing a contract in April. That created momentum for others to join, and including the No. 6 Cougars, half the field is ranked. "We have the relationships to operate a great event," Berger said. "We had to get coaches over those hurdles, and once they knew that we were real, schools got on board really quickly." The founders worked with the NCAA to make sure the tournament abided by that organization's rules, so players must appear at ancillary events in order to receive NIL money. Strict pay for play is not allowed, though there are incentives for performance. The champion, for example, will receive $1.5 million in NIL money. Now the pressure is on to pull off the event and not create the kind of headlines that can dog it for years to come. "I think everybody in the marketplace is watching what's going to happen (this) week and, more importantly, what happens afterwards," Giles said. "Do the players get paid on a timely basis? And if they do, that means that Turner or somebody has paid way more than the market dictates? And the question will be: Can that continue?" CREIGHTON: P oint guard Steven Ashworth likely won’t play in the No. 21 Bluejays’ game against San Diego State in the Players Era Festival in Las Vegas. Ashworth sprained his right ankle late in a loss to Nebraska on Friday and coach Greg McDermott said afterward he didn’t know how long he would be out. Get local news delivered to your inbox!Caitlin Clark honored as AP Female Athlete of the Year following her impact on women's sports Caitlin Clark has been named the AP Female Athlete of the Year after raising the profile of women’s basketball to unprecedented levels in both college and the WNBA. She led Iowa to the national championship game, was the top pick in the WNBA draft and captured rookie of the year honors in the league. Fans packed sold-out arenas and millions of television viewers followed her journey on and off the court. Clark's exploits also put other women's sports leagues in the spotlight. A group of 74 sports journalists from AP and its members voted on the award. Other athletes who received votes included Olympic gold medalist Simone Biles and boxer Imane Khelif. Clark’s only the fourth women’s basketball player to win the award since it was first given in 1931. Wemby at The Garden. LeBron vs. Steph. The NBA's Christmas Day lineup, as always, has star power LeBron James made his Christmas debut in 2003. Victor Wembanyama was born 10 days later. That’s right: James has been featured on the NBA’s big day for longer than Wembanyama has been alive. And on Wednesday the league’s oldest player and brightest young star will be big parts of the holiday showcase. It’s another Christmas quintupleheader, with Wembanyama and the San Antonio Spurs visiting the New York Knicks, Minnesota going to Dallas for a Western Conference finals rematch, Philadelphia heading to Boston to renew a storied rivalry, James and the Los Angeles Lakers taking on Stephen Curry and the Golden State Warriors, and Denver playing at Phoenix. Pro Picks: Chiefs will beat the Steelers and Ravens will edge the Texans on Christmas Day Playoff berths, draft positioning and more are up for grabs in Week 17. There’s going to be plenty of football on television this holiday week with the NFL playing games on five out of six days, starting with a doubleheader on Christmas Day featuring four of the AFC’s top five teams. Patrick Mahomes and the two-time defending Super Bowl champion Kansas City Chiefs visit Russell Wilson and the Pittsburgh Steelers on Wednesday. Then, two-time NFL MVP Lamar Jackson and the Baltimore Ravens take on C.J. Stroud and the Houston Texans. The Bears host the Seahawks on Thursday night and there are three games on Saturday, making Sunday’s schedule light at nine games. Falcons drafting Penix no longer a head-scratcher with rookie QB shining in place of benched Cousins It was the most surprising first-round pick in a long time when the Atlanta Falcons chose Michael Penix Jr. with the eighth overall selection in the NFL draft last April. That came just six weeks after the Falcons had signed free agent quarterback Kirk Cousins to a four-year, $180 million deal with $100 million in guarantees. But that move is no longer a head-scratcher after Penix's solid starting debut in place of a benched and turnover-prone Cousins. Several teams have fared well with new quarterbacks this season including the Steelers, Broncos, Vikings and Commanders. Lindsey Vonn thinks her new titanium knee could start a trend in skiing. And pro sports in general ST. MORITZ, Switzerland (AP) — Lindsey Vonn thinks her new titanium knee could be the start of a trend in ski racing. The 40-year-old American standout had replacement surgery in April and returned to the World Cup circuit after nearly six years last weekend. She says her knee feels “amazing" and that "it’s something to seriously consider for athletes that have a lot of knee problems.” Her surgery was the first of its kind in World Cup skiing. Vonn had a robot-assisted surgery in April with part of the bone in her right knee cut off and replaced by two titanium pieces. She was planning her comeback a month later. Boise State's legacy includes winning coaches and championship moments No. 8 and third-seeded Boise State is preparing for its third trip to the Fiesta Bowl. This time it's in a playoff quarterfinal against No. 5 and sixth-seeded Penn State on New Year’s Eve. Boise State's first appearance on the national stage was in a memorable victory over Oklahoma in the Fiesta Bowl on Jan. 1, 2007. But former coach Chris Petersen said the victory in that bowl three years later over TCU was even more meaningful for the program. Players have mixed feelings about being on the road on Christmas as NFL adds more holiday games OWINGS MILLS, Md. (AP) — Games on Christmas aren’t new to the NFL. The Miami Dolphins famously beat the Kansas City Chiefs in a playoff game on Dec. 25, 1971 — a double-overtime classic that still holds the record for the NFL’s longest game. In 2020, New Orleans running back Alvin Kamara tied an NFL record with six touchdowns in a game when the Saints beat Minnesota on Christmas. Lately the league has been much more aggressive about scheduling games on Christmas. That's been met with mixed feelings among the players. Baltimore tackle Ronnie Stanley says there is an offensive line Christmas party planned for Friday at center Tyler Linderbaum’s house. Quarterback Lamar Jackson’s plan is to celebrate on Thursday. Embiid ejected after drawing 2 technicals in game against Wembanyama and Spurs PHILADELPHIA (AP) — Philadelphia 76ers star Joel Embiid was ejected in the first half of Monday night’s game against San Antonio after drawing two technical fouls. Referee Jenna Schroeder ejected Embiid with 2 minutes, 59 seconds left in the second quarter. The seven-time All-Star received the first technical for arguing with Schroeder, and received another technical — and ejection — from Schroeder before any more game time elapsed. Embiid was close to Schroeder, but it wasn’t clear from replays whether he made contact with the official. An enraged Embiid charged toward the officials after the ejection and was restrained by teammate Kyle Lowry, head coach Nick Nurse and several assistants. Nikki Glaser uses Prime Video's NFL postgame show appearances to help prepare for Golden Globes INGLEWOOD, Calif. (AP) — Nikki Glaser has become a familiar face to football fans this season. Her breakthrough performance at the Tom Brady Roast on May 5 paved the way for five appearances on Amazon Prime Video’s “Thursday Night Football” postgame show. Glaser said before last Thursday’s game between the Denver Broncos and Los Angeles Chargers that doing her “Late Hits” segment was a no-brainer following her success at the Brady roast. Leaving Thunder, Bucks off the NBA's Christmas game list has those teams feeling snubbed Oklahoma City leads the Western Conference and has a MVP candidate in Shai Gilgeous-Alexander. Milwaukee has the NBA’s leading scorer in Giannis Antetokounmpo. They were the teams that made their way to the NBA Cup final. By any measure, they’re both very good teams. And neither will play on Christmas Day this year. Bah, humbug. The NBA faces the same challenge every summer, figuring out which 10 teams will get the honor of playing on Christmas Day. But the Bucks and Thunder are right to feel snubbed.
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