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Court Validates Business Judgement on Strategic Actions Taken by Nano, Including Agreements to Acquire Desktop Metal and Markforged Previous Murchinson Nominees Kenneth Traub and Dr. Joshua Rosensweig Become Full Board Members Yoav Stern Continues as CEO and Stands for Election, as Planned, at 2024 Annual General Meeting Nano Urges Shareholders to Protect Their Investment and Vote “ FOR ” ALL of Nano’s Proposals To Learn More Visit: www.ProtectingNanoValue.com Waltham, Mass., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano” or the “Company”), a leading supplier of A dditively M anufactured E lectronics and multi-dimensional polymer, metal & ceramic A dditive M anufacturing 3D printing solutions, today commented on the Israeli court ruling regarding Nano’s Extraordinary General Meeting (the “EGM”) that was held on March 20 th , 2023. Highlights of the ruling include: The EGM on March 20 th , 2023, was determined to have been duly convened and the results of the meeting are valid, including the proposed changes to the Company’s Articles of Association. Decisions made by Nano’s Board since the March 2023 EGM are also valid, including agreements to acquire Desktop Metal, Inc. (“Desktop Metal”) and Markforged Holding Corporation (“Markforged”). Kenneth Traub and Dr. Joshua Rosensweig, two nominees put forth by Murchinson Ltd. (“Murchinson”) ahead of the March 2023 meeting who have been serving as Board observers, have been appointed as full Board members, effective immediately. CEO Yoav Stern is no longer a Board member. He continues to stand for election as planned at the 2024 Annual General Meeting (the “Annual Meeting”) to be held on December 6, 2024. The Company clarifies in response to Murchinson’s announcement issued earlier today, that, although Dr. Yoav Nissan-Cohen and Oded Gera have been removed from the Company’s Board in the March 2023 EGM pursuant to the court ruling, both, however, have been elected at the Company’s Annual Meeting held in September 2023 and are serving as Board members. Dr. Yoav Nissan-Cohen, Chairman of the Board of Nano Dimension, commented: “We are pleased to welcome Kenneth Traub and Dr. Joshua Rosensweig as full members to Nano’s Board. Both have been actively engaged as observers to date and we look forward to their continued insights in guiding the Company’s strategy. We are also pleased that the Israeli Court affirmed to our shareholders and other stakeholders that our Board was fully authorized to oversee Nano’s strategy, including our transformational M&A strategy and acquisitions of Desktop Metal and Markforged. We remain committed to advancing our plans to become the market leader in digital manufacturing and delivering long-term value creation for our shareholders.” Dr. Nissan-Cohen added, “Yoav Stern continues as CEO and stands for election as planned along with General Garrett at our upcoming Annual Meeting. It is critically important that shareholders benefit from Yoav’s expertise as a director and that General Garrett remains a Board member. With their deep expertise and institutional knowledge, we have the right Board in place to bolster our long-term strategy.” Under the court’s ruling, Murchinson’s previous nominees now hold two seats on Nano’s Board. Accordingly, Nano’s Board urges the Company’s shareholders to protect their investment and the Company's future by voting today “FOR” ALL of Nano’s proposals, including the reelection of Yoav Stern and General Garrett, and AGAINST Murchinson’s proposals at its upcoming Annual Meeting. For most shareholders, the expected deadline to vote electronically will be 11:59 pm ET on December 1, 2024. Some brokers may have earlier deadlines, so shareholders are encouraged to call their brokers TODAY to ensure their vote is counted. Since time is short, shareholders are encouraged to vote by e-mail or electronically according to the instructions on their proxy card. Voting by e-mail or electronically is the best way for shareholders to ensure that their votes will be counted. Shareholders of record as of the close of business on October 22nd, 2024, are entitled to vote at the Annual Meeting, which will be held on Friday, December 6th, 2024, at 7:00 AM ET. Nano’s proxy statement and other important information and resources related to the Annual Meeting can be found at www.ProtectingNanoValue.com or the investor relations page of the Company’s website. Nano is still reviewing and assessing the court ruling and evaluating any actions it may require to take. If you have questions about how to vote your shares, please contact: About Nano Dimension Nano Dimension’s (Nasdaq: NNDM) vision is to transform existing electronics and mechanical manufacturing into Industry 4.0 environmentally friendly & economically efficient precision additive electronics and manufacturing – by delivering solutions that convert digital designs to electronic or mechanical devices - on demand, anytime, anywhere. Nano Dimension’s strategy is driven by the application of deep learning based AI to drive improvements in manufacturing capabilities by using self-learning & self-improving systems, along with the management of a distributed manufacturing network via the cloud. Nano Dimension has served over 2,000 customers across vertical target markets such as aerospace and defense, advanced automotive, high-tech industrial, specialty medical technology, R&D and academia. The Company designs and makes Additive Electronics and Additive Manufacturing 3D printing machines and consumable materials. Additive Electronics are manufacturing machines that enable the design and development of High-Performance-Electronic-Devices (Hi-PED®s). Additive Manufacturing includes manufacturing solutions for production of metal, ceramic, and specialty polymers-based applications - from millimeters to several centimeters in size with micron precision. Through the integration of its portfolio of products, Nano Dimension is offering the advantages of rapid prototyping, high-mix-low-volume production, IP security, minimal environmental footprint, and design-for-manufacturing capabilities, which is all unleashed with the limitless possibilities of additive manufacturing. For more information, please visit www.nano-di.com . Forward-Looking Statements This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements regarding Nano’s strategic plan and value to shareholders, and all other statements other than statements of historical fact that address activities, events or developments that Nano intends, expects, projects, believes or anticipates will or may occur in the future. Such statements are based on management’s beliefs and assumptions made based on information currently available to management. When used in this communication, the words “outlook,” “guidance,” “expects,” “believes,” “anticipates,” “should,” “estimates,” “may,” “will,” “intends,” “projects,” “could,” “would,” “estimate,” “potential,” “continue,” “plan,” “target,” or the negative of these words or similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these identifying words. These forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results and performance to be materially different from those expressed or implied in the forward-looking statements. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, estimates and uncertainties that are difficult to predict. Because such statements deal with future events and are based on the current expectations of Nano, they are subject to various risks and uncertainties. Further, actual results, performance, or achievements of Nano could differ materially from those described in or implied by the statements in this communication. The forward-looking statements contained or implied in this communication are subject to other risks and uncertainties, including those discussed (i) under the heading “Risk Factors” in Nano’s annual report on Form 20-F filed with the SEC on March 21, 2024, and in any subsequent filings with the SEC, (ii) under the heading “Risk Factors” in Desktop Metal, Inc.’s annual report on Form 10-K filed with the SEC on March 15, 2024, and in any subsequent filings with the SEC, and (iii) under the heading “Risk Factors” in Markforged Holding Corporation’s annual report on Form 10-K filed with the SEC on March 15, 2024, and in any subsequent filings with the SEC. Except as otherwise required by law, Nano undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this communication. Nano is not responsible for the contents of third-party websites. Nano Dimension Contacts Investor: Julien Lederman, VP Corporate Development ir@nano-di.com Media: Kal Goldberg / Bryan Locke / Kelsey Markovich | NanoDimension@fgsglobal.com
Flag football scours nation with talent camps to uncover next wave of starsUniqlo's Boxing Day sale has returned for 2024 with big discounts on some of the retailer's bestselling products. The Japanese retailer, which has physical stores in Manchester and London with a new store set to open in Liverpool in the New Year, is offering discounts of up to 65% selected items online. This year, the retailer is celebrating the annual shopping event with generous mark-downs on puffer jackets, thermals and merino wool knits. Our top deals include the 100% Merino Crew Neck Jumper , which is now less than £25 and the Powder Soft Down Jacket , which costs less than £60. To save you from scrolling, we've gathered our top picks, which can be read below. Or you click here to go directly to the Uniqlo Boxing Day sale. READ MORE: READ MORE: 100% Merino Crew Neck Jumper - was £34.90 now £24.90 The 100% Merino Crew Neck Jumper is now £24.90 (Image: Uniqlo) The 100% Merino Crew Neck Jumper has been reduced to £24.90 down from £34.90, offering a £10 saving. It's available in four colours - brown, dark grey, olive and navy - in sizes XXS to XXL. The jumper has been crafted from a smooth, glossy 100% extra fine merino wool. There's stitching on the right armhole and left cuff for a hand-crafted look, while the outside seems the armholes, right side, and under the sleeves add a distinctive accent. The back of the piece is made from a different knitting pattern so the lining can be seen on the outside. To pick up the jumper for less than £25, visit here. Puffertech Shirt Jacket - was £79.90 now £59.90 The Puffertech Shirt Jacket is now £59.90 (Image: Uniqlo) If you're looking for a high-performance winter jacket, the Puffertech Shirt Jacket is it. It normally costs £79.90 but shoppers can pick it up for £59.90, offering a saving of £20. The jacket has been crafted with a water-repellent finish to protect against rain, with padding traps for extra warmth on cold days. It's finished with a patch pocket with an embroidered round eye around the left sleeve provides storage for small items. To pick up the coat for less than £60, visit here. Soufflé Yarn Knit Blouson - was £34.90 now £24.90 The Soufflé Yarn Knit Blouson is now £24.90 (Image: Uniqlo) The Soufflé Yarn Knit Blouson has been reduced by £10 as it's now £24.90 down from £34.90. That's a saving of over 28%. The sumptuously soft piece is made from a recycled blend fabric with wool, designed to keep you warm while maintaining its shape and washing well. The casual ribbed knit comes in four colours - off white, brown, dark grey and olive, as well as in sizes XXS to XXL. To pick it up for less than £25, visit here. Seamless Down Short Jacket - was £109 now £99.90 The Seamless Down Short Jacket is now £99.80 (Image: Uniqlo) The Seamless Down Short Jacket has seen a £10 reduction, now £99.90 down from £109. It comes in black, natural, olive and blue, as well as in sizes XXS to XXL. Featuring a brand new shorter length and stand collar design for easy, casual, the short jacket is the newest addition to the Seamless Down Collection. It features a water-repellent finish for enhanced protection from the elements, as well as a seamless windproof design to keep the cold out. It's made with cosy premium down with a fill power of 750+, making it suitable for even the coldest of days. To pick it up for less than £100, visit here. Hybrid Down Coat - was £109 now £69.90 The Hybrid Down Coat is now £69.90 (Image: Uniqlo) Shoppers can save 35% on the Hybrid Down Coat as it's reduced to £69.90 instead of £109. That's a saving of £39.10. It's available in black, natural and beige, as well in sizes XXS to XXL. The coat features Uniqlo's original hybrid balance of high-performance padding and warm, premium down with a fill power of 750. The Sleek, non-quilt utility design is perfect for a versatile, everyday style. You can adjust the waist to create your own silhouette and it features a two-way design with a stand collar and detachable hood. It's finished off with pockets lined with a cosy fleece. To pick it up for less than £70, visit here. Powder Soft Down Jacket - was £99.90 now £59.90 The Powder Soft Down Jacket is now £59.90 (Image: Uniqlo) The Powder Soft Down Jacket has been reduced by 40%. It normally retails for £99.99, but shoppers can pick it up for £59.90, offering a saving of £40. The down jacket comes in four colours - off white, grey, black and olive - as well as in sizes XXS to XXL. It features a soft and plush premium down with a fill power of 750. It features a rounded cocoon silhouette, with an adjustable hem stopper and elastic let you create a rounded silhouette. It's crafted from a water-repellent finish that protects against light rain and is finished with a slide fastener hidden for a sleek look. OT pick it up for less than £60, visit here. Heattech Ultra Stretch Leg gings - was £34.90 now £24.90 The Heattech Ultra Stretch Leggings are now £24.90 (Image: Uniqlo) The Heattech Ultra Stretch Leg gings have seen a reduction of £10, now £24.90 down from £34.90. That's a saving of almost 30%. The thermal leggings feature heat absorption and heat retention technology as well as a warm brushed lining, making them a winter must-have. The high-waisted design provides extra warmth and makes your legs look longer, as well as featuring a fully elastic waist deign for easy dressing. The Heattech Ultra Stretch Leg gings are finished off with carefully designed buttons, stitch work, and back pocket sizing with plenty of style for wearing on its own. To pick them up for less than £25 , visit here. Pleated Wide Trousers - was £34.90 now £19.90 The Pleated Wide Trousers are now £19.90 (Image: Uniqlo) The Pleated Wide Trousers have been reduced by 42% in the Uniqlo Boxing Day sale. Offering a saving of £15, the pleated trousers are now £19.90 instead of £34.90. The pleated trousers have been crafted from a fine, two-way stretch fabric that drapes beautifully and provides easy movement. They have a moderately wide cut with a high waist, finished with a single stick and centre pleats to create a flattering silhouette. To pick them up for less than £20, visit here. Elsewhere, Marks and Spencer is offering up to 50% off thousands of lines online. The Textured V-Neck Twisted Tweed Relaxed Jumper in cappuccino is now £20 down from £29.50 or the ice blue version is available for £23. The Mohair-Blend Oversized Cricket Jumper is now £55 and the Jersey Sparkly Ribbed Midi Column Dress is £21. At Debenhams, the Tog24 Orton Jacket has been reduced by 55% from £130 to £59.
By SARAH PARVINI, GARANCE BURKE and JESSE BEDAYN, Associated Press President-elect Donald Trump will return to power next year with a raft of technological tools at his disposal that would help deliver his campaign promise of cracking down on immigration — among them, surveillance and artificial intelligence technology that the Biden administration already uses to help make crucial decisions in tracking, detaining and ultimately deporting immigrants lacking permanent legal status. While immigration officials have used the tech for years, an October letter from the Department of Homeland Security obtained exclusively by The Associated Press details how those tools — some of them powered by AI — help make life-altering decisions for immigrants, including whether they should be detained or surveilled. One algorithm, for example, ranks immigrants with a “Hurricane Score,” ranging from 1-5, to assess whether someone will “abscond” from the agency’s supervision. The letter, sent by DHS Chief Artificial Intelligence Officer Eric Hysen to the immigrant rights group Just Futures Law, revealed that the score calculates the potential risk that an immigrant — with a pending case — will fail to check in with Immigration and Customs Enforcement officers. The algorithm relies on several factors, he said, including an immigrant’s number of violations and length of time in the program, and whether the person has a travel document. Hysen wrote that ICE officers consider the score, among other information, when making decisions about an immigrant’s case. “The Hurricane Score does not make decisions on detention, deportation, or surveillance; instead, it is used to inform human decision-making,” Hysen wrote. Also included in the government’s tool kit is a mobile app called SmartLINK that uses facial matching and can track an immigrant’s specific location. Nearly 200,000 people without legal status who are in removal proceedings are enrolled in the Alternatives to Detention program, under which certain immigrants can live in the U.S. while their immigration cases are pending. In exchange, SmartLINK and GPS trackers used by ICE rigorously surveil them and their movements. The phone application draws on facial matching technology and geolocation data, which has been used before to find and arrest those using the app. Just Futures Law wrote to Hysen earlier this year, questioning the fairness of using an algorithm to assess whether someone is a flight risk and raising concerns over how much data SmartLINK collects. Such AI systems, which score or screen people, are used widely but remain largely unregulated even though some have been found to discriminate on race, gender or other protected traits. DHS said in an email that it is committed to ensuring that its use of AI is transparent and safeguards privacy and civil rights while avoiding biases. The agency said it is working to implement the Biden administration’s requirements on using AI , but Hysen said in his letter that security officials may waive those requirements for certain uses. Trump has publicly vowed to repeal Biden’s AI policy when he returns to the White House in January. “DHS uses AI to assist our personnel in their work, but DHS does not use the outputs of AI systems as the sole basis for any law enforcement action or denial of benefits,” a spokesperson for DHS told the AP. Trump has not revealed how he plans to carry out his promised deportation of an estimated 11 million people living in the country illegally. Although he has proposed invoking wartime powers, as well as military involvement, the plan would face major logistical challenges — such as where to keep those who have been detained and how to find people spread across the country — that AI-powered surveillance tools could potentially address. Karoline Leavitt, a spokesperson for Trump, did not answer questions about how they plan to use DHS’ tech, but said in a statement that “President Trump will marshal every federal and state power necessary to institute the largest deportation operation” in American history. Over 100 civil society groups sent a letter on Friday urging the Office of Management and Budget to require DHS to comply with the Biden administration’s guidelines. OMB did not immediately respond to a request for comment. Just Futures Law’s executive director, Paromita Shah, said if immigrants are scored as flight risks, they are more likely to remain in detention, “limiting their ability to prepare a defense in their case in immigration court, which is already difficult enough as it is.” SmartLINK, part of the Intensive Supervision Appearance Program, is run by BI Inc., a subsidiary of the private prison company The GEO Group. The GEO Group also contracts with ICE to run detention centers. ICE is tight-lipped about how it uses SmartLINK’s location feature to find and arrest immigrants. Still, public records show that during Trump’s first term in 2018, Manassas, Virginia-based employees of BI Inc. relayed immigrants’ GPS locations to federal authorities, who then arrested over 40 people. In a report last year to address privacy issues and concerns, DHS said that the mobile app includes security features that “prohibit access to information on the participant’s mobile device, with the exception of location data points when the app is open.” But the report notes that there remains a risk that data collected from people “may be misused for unauthorized persistent monitoring.” Such information could also be stored in other ICE and DHS databases and used for other DHS mission purposes, the report said. On investor calls earlier this month, private prison companies were clear-eyed about the opportunities ahead. The GEO Group’s executive chairman George Christopher Zoley said that he expects the incoming Trump administration to “take a much more aggressive approach regarding border security as well as interior enforcement and to request additional funding from Congress to achieve these goals.” “In GEO’s ISAP program, we can scale up from the present 182,500 participants to several hundreds of thousands, or even millions of participants,” Zoley said. That same day, the head of another private prison company told investors he would be watching closely to see how the new administration may change immigrant monitoring programs. “It’s an opportunity for multiple vendors to engage ICE about the program going forward and think about creative and innovative solutions to not only get better outcomes, but also scale up the program as necessary,” Damon Hininger, CEO of the private prison company CoreCivic Inc. said on an earnings call. GEO did not respond to requests for comment. In a statement, CoreCivic said that it has played “a valued but limited role in America’s immigration system” for both Democrats and Republicans for over 40 years.Stock market today: Dow jumps 426 points as stocks end the week higher amid risk-on rallyPacers push to build momentum, take advantage of bruised BlazersBEIRUT (AP) — Insurgents' stunning march across Syria accelerated Saturday with news that they had reached the suburbs of the capital and that government forces had withdrawn from the central city of Homs. The government was forced to deny rumors that President Bashar Assad had fled the country. The loss of Homs is a potentially crippling blow for Assad. It stands at an important intersection between Damascus and Syria’s coastal provinces of Latakia and Tartus — the Syrian leader’s base of support and home to a Russian strategic naval base. The pro-government Sham FM reported that government forces took positions outside Syria’s third-largest city, without elaborating. Rami Abdurrahman who heads the Britain-based Syrian Observatory for Human Rights, said Syrian troops and members of different security agencies have withdrawn from the city, adding that rebels have entered parts of it. The capture of Homs is a major victory for insurgents, who have already seized the cities of Aleppo and Hama , as well as large parts of the south, in a lightning offensive that began Nov. 27. Analysts said Homs falling into rebel hands would be a game-changer. The rebels' moves around Damascus, reported by the monitor and a rebel commander, came after the Syrian army withdrew from much of southern part of the country, leaving more areas, including several provincial capitals, under the control of opposition fighters. The advances in the past week were among the largest in recent years by opposition factions, led by a group that has its origins in al-Qaida and is considered a terrorist organization by the U.S. and the United Nations. In their push to overthrow Assad's government, the insurgents, led by the Hayat Tahrir al-Sham group, or HTS, have met little resistance from the Syrian army. For the first time in the country's long-running civil war, the government now has control of only three of 14 provincial capitals: Damascus, Latakia and Tartus. The U.N.’s special envoy for Syria, Geir Pedersen, on Saturday called for urgent talks in Geneva to ensure an “orderly political transition.” Speaking to reporters at the annual Doha Forum in Qatar, he said the situation in Syria was changing by the minute. Russian Foreign Minister Sergey Lavrov, whose country is Assad's chief international backer, said he feels “sorry for the Syrian people.” In Damascus, people rushed to stock up on supplies. Thousands went to Syria's border with Lebanon, trying to leave the country. Many shops in the capital were shuttered, a resident told The Associated Press, and those still open ran out of staples such as sugar. Some were selling items at three times the normal price. “The situation is very strange. We are not used to that,” the resident said, insisting on anonymity, fearing retributions. “People are worried whether there will be a battle (in Damascus) or not.” It was the first time that opposition forces reached the outskirts of Damascus since 2018, when Syrian troops recaptured the area following a yearslong siege. The U.N. said it was moving noncritical staff outside the country as a precaution. Assad's status Syria’s state media denied social media rumors that Assad left the country, saying he is performing his duties in Damascus. He has had little, if any, help from his allies. Russia, is busy with its war in Ukraine . Lebanon’s Hezbollah, which at one point sent thousands of fighters to shore up Assad's forces, has been weakened by a yearlong conflict with Israel. Iran has seen its proxies across the region degraded by regular Israeli airstrikes. U.S. President-elect Donald Trump on Saturday posted on social media that that the United States should avoid engaging militarily in Syria. Pedersen said a date for talks in Geneva on the implementation a U.N. resolution, adopted in 2015, and calling for a Syrian-led political process, would be announced later. The resolution calls for the establishment of a transitional governing body, followed by the drafting of a new constitution and ending with U.N.-supervised elections. Later Saturday, foreign ministers and senior diplomats from eight key countries, including Saudi Arabia, Russia, Egypt, Turkey and Iran, along with Pederson, gathered on the sidelines of the Doha Summit to discuss the situation in Syria. No details were immediately available. The insurgents' march Rami Abdurrahman, who heads the Britain-based Syrian Observatory for Human Rights, an opposition war monitor, said insurgents were in the Damascus suburbs of Maadamiyah, Jaramana and Daraya. Opposition fighters were marching toward the Damascus suburb of Harasta, he added. A commander with the insurgents, Hassan Abdul-Ghani, posted on the Telegram messaging app that opposition forces had begun the “final stage” of their offensive by encircling Damascus. HTS controls much of northwest Syria and in 2017 set up a “salvation government” to run day-to-day affairs in the region. In recent years, HTS leader Abu Mohammed al-Golani has sought to remake the group’s image, cutting ties with al-Qaida, ditching hard-line officials and vowing to embrace pluralism and religious tolerance. The shock offensive began Nov. 27, during which gunmen captured the northern city of Aleppo, Syria’s largest, and the central city of Hama , the country’s fourth largest city. Opposition activists said Saturday that a day earlier, insurgents entered Palmyra, which is home to invaluable archaeological sites had been in government hands since being taken from the Islamic State group in 2017. To the south, Syrian troops left much of the province of Quneitra including the main Baath City, activists said. Syrian Observatory said government troops have withdrawn from much of the two southern provinces. The Syrian army said in a statement that it carried out redeployment and repositioning in Sweida and Daraa after its checkpoints came under attack by “terrorists." The army said it was setting up a “strong and coherent defensive and security belt in the area,” apparently to defend Damascus from the south. The Syrian government has referred to opposition gunmen as terrorists since conflict broke out in March 2011. Diplomacy in Doha The foreign ministers of Iran, Russia and Turkey, meeting in Qatar, called for an end to the hostilities. Turkey is a main backer of the rebels. Qatar's top diplomat, Sheikh Mohammed bin Abdulrahman Al Thani, criticized Assad for failing to take advantage of the lull in fighting in recent years to address the country’s underlying problems. “Assad didn’t seize this opportunity to start engaging and restoring his relationship with his people,” he said. Sheikh Mohammed said he was surprised by how quickly the rebels have advanced and said there is a real threat to Syria’s “territorial integrity.” He said the war could “damage and destroy what is left if there is no sense of urgency” to start a political process. ____ Karam reported from London. Associated Press writers Albert Aji in Damascus, Syria and Qassim Abdul-Zahra in Baghdad contributed to this report. Bassem Mroue And Zeina Karam, The Associated Press