PRINCIPAL REAL ESTATE INCOME FUND CONTINUES SHARE REPURCHASE PROGRAMSports on TV for Thursday, Dec. 19Rep. Pat Fallon (R-TX) and Secret Service Acting Director Ronald Rowe got into a heated yelling match during a hearing Thursday on the two assassination attempts on President-elect Donald Trump after the congressman implied that there was a security lapse at a September 11 memorial service this year. During the final hearing of the House’s bipartisan task force to investigate the assassination attempts, Fallon displayed a photo of President Joe Biden and Trump standing at New York City’s Ground Zero during the ceremony: Fallon said that Rowe, who also attended the event, should have been standing near the president for security purposes. “Who is usually at an event like this closest to the President of the United States?” he asked, gesturing at the photo. “Were you the special agent in charge [SAC] of the detail that day?” “Actually, let me address this. ... Congressman, what you’re not seeing is the SAC of detail falls out of the picture’s view,” Rowe shot back, just before the tension bubbled over. “That is the day where we remember more than 3,000 people that have died on 9/11. I actually responded to Ground Zero. I was there going through the ashes of the World Trade Center,” the acting director continued, before he was cut off by an enraged Fallon. “I’m not asking that, I’m asking you, if you were ... were you the special agent in charge?” the congressman shouted into his microphone. “I was there, Congressman! I was there to show respect for a Secret Service member that died on 9/11!” Rowe yelled back. The screaming continued as the committee chairman banged the gavel to regain order. “Do not invoke 9/11 for political purposes!” Rowe shouted at Fallon. “I’m not,” the lawmaker shouted back. “You are, sir. You are out of line, congressman! Way out of line,” the security official argued. “Don’t try to bully me,” Fallon said, pointing his finger at Rowe, before accusing him of “endangering” the lives of Biden and Vice President Kamala Harris because “you put those agents out of position.” “No, I didn’t sir, and you are out of line,” Rowe jabbed, before the floor was given to Rep. Jared Moskowitz (D-FL). According to an October interim report released by the House panel, the July assassination attempt against Trump at his Butler, Pennsylvania, campaign rally occurred after “stunning security failures” that were entirely “preventable and should not have happened.”
Donald Hand Jr. racked up a career-high 29 points and 10 rebounds to help Boston College stave off visiting Fairleigh Dickinson 78-70 on Saturday in Chestnut Hill, Mass. Chad Venning added 18 points on 8-for-10 shooting and Dion Brown contributed eight points, eight rebounds and four assists as the Eagles (8-5) wrapped up their nonconference slate with just their second win in six games. Ahmed Barba-Bey, a grad transfer from Division II, exploded for a season-high 31 points to power FDU (4-11). Barba-Bey buried 8 of 9 attempts from the 3-point arc. Terrence Brown added 15 of his 20 points in the second half, as the Knights made it close before falling to 0-10 on the road this season. Bismark Nsiah scored 10 points. Boston College led 70-59 with 3:39 to play when Barba-Bey was fouled attempting a corner 3. He made all three of his foul shots, and after a stop Brown got to the bucket to cut FDU's deficit to six. It was 72-67 when Venning made a clutch turnaround jumper from the high post with 51 seconds left. Boston College let Barba-Bey get loose for his eighth 3-pointer, pulling FDU within four, its closest margin of the half. But Hand drove to the basket and scored with 29 seconds on the clock, and FDU was out of time. The Knights trailed by as many as 12 in the first half, but Barba-Bey kept them in the game. He made a fastbreak layup off Brown's steal and added a 3-pointer on the next possession, turning what was a 10-point deficit to a manageable 29-24 game. Boston College led 38-28 at halftime, with Hand scoring 15 for the hosts and Barba-Bey pouring in 16 for the Knights, including 4-of-5 shooting from deep. FDU pulled within nine points three times in the early stages of the second half, the third coming when Nsiah knocked down back-to-back 3-pointers to make it 56-47 with about 10 minutes to go. --Field Level Media"Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum." Section 1.10.32 of "de Finibus Bonorum et Malorum", written by Cicero in 45 BC "Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" 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A judge on Monday granted a request by prosecutors to dismiss the election subversion case against Donald Trump because of a Justice Department policy of not prosecuting a sitting president. Judge Tanya Chutkan agreed to the request by Special Counsel Jack Smith to dismiss the case against the president-elect "without prejudice," meaning it could potentially be revived after Trump leaves the White House four years from now. "Dismissal without prejudice is appropriate here," Chutkan said, adding in the ruling that "the immunity afforded to a sitting President is temporary, expiring when they leave office." Trump, 78, was accused of conspiring to overturn the results of the 2020 election he lost to Joe Biden and removing large quantities of top secret documents after leaving the White House, but the cases never came to trial. Smith also moved on Monday to drop his appeal of the dismissal of the documents case filed against the former president in Florida. That case was tossed out earlier this year by a Trump-appointed judge on the grounds that Smith was unlawfully appointed. The special counsel paused the election interference case and the documents case this month after Trump defeated Vice President Kamala Harris in the November 5 presidential election. Smith cited the long-standing Justice Department policy of not indicting or prosecuting a sitting president in his motions to have the cases dismissed. "The Government's position on the merits of the defendant's prosecution has not changed," Smith said in the filing with Chutkan. "But the circumstances have." "It has long been the position of the Department of Justice that the United States Constitution forbids the federal indictment and subsequent criminal prosecution of a sitting President," Smith said. "As a result this prosecution must be dismissed before the defendant is inaugurated." In a separate filing, Smith said he was withdrawing his appeal of the dismissal of the classified documents case against Trump but pursuing the case against his two co-defendants, Trump valet Walt Nauta and Mar-a-Lago property manager Carlos De Oliveira. Trump, in a post on Truth Social, said the cases were "empty and lawless, and should never have been brought." "Over $100 Million Dollars of Taxpayer Dollars has been wasted in the Democrat Party's fight against their Political Opponent, ME," he said. "Nothing like this has ever happened in our Country before." Trump was accused of conspiracy to defraud the United States and conspiracy to obstruct an official proceeding -- the session of Congress called to certify Biden's win, which was violently attacked on January 6, 2021 by a mob of the then-president's supporters. Trump was also accused of seeking to disenfranchise US voters with his false claims that he won the 2020 election. The former and incoming president also faces two state cases -- in New York and Georgia. He was convicted in New York in May of 34 counts of falsifying business records to cover up a hush money payment to porn star Stormy Daniels on the eve of the 2016 election to stop her from revealing an alleged 2006 sexual encounter. However, Judge Juan Merchan has postponed sentencing while he considers a request from Trump's lawyers that the conviction be thrown out in light of the Supreme Court ruling in July that an ex-president has broad immunity from prosecution. In Georgia, Trump faces racketeering charges over his efforts to subvert the 2020 election results in the southern state, but that case will likely be frozen while he is in office. cl/sms
Kentucky will aim to improve upon its best start in seven seasons when it hosts Western Kentucky on Tuesday night in Lexington, Ky., in the final game of the BBN Invitational. The Wildcats (5-0) are ranked No. 8 in the latest Associated Press poll and are setting impressive offensive milestones even for a program as tradition-rich as Kentucky, which includes eight national championships. The Wildcats have scored 97 or more points in their first four home games for the first time in program history and eclipsed the 100-point mark in three of those games. Their lone trip out of state was a solid 77-72 victory over Duke in a matchup of top-10 teams in Atlanta. Kentucky has also made at least 10 three-pointers in each of its first five games of a season for the first time ever. "I think Kentucky attracts good people," Kentucky coach Mark Pope said after the Wildcats' 108-59 win over Jackson State on Friday. "It's the one place in all college basketball where you represent just a fanbase in a different, unique way." Otega Oweh and Koby Brea have led the Wildcats' early scoring outburst. Oweh, who is averaging 16.2 points per game, had 21 points on 8-for-12 shooting against Jackson State. "He gets us off to unbelievable starts every night," Pope told reporters after that game. "He's probably been our most consistent guy in games." Brea, who scored 22 points against Jackson State and is averaging 16.0 points per game, is leading the nation in 3-point accuracy at 74.1 percent. As a team, the Wildcats are shooting 42.3 percent from beyond the arc. And the few times they miss, Amari Williams has been doing the dirty work on the glass, averaging 10.8 boards in addition to 9.6 points per game. Kentucky faces a different challenge than it's had to contend with so far in the Hilltoppers (3-2), who have won three in a row after losing their first two games to Wichita State and Grand Canyon. Their up-tempo play hasn't exactly resulted in great offensive output, but in the Hilltoppers' 79-62 win over Jackson State on Wednesday, they shot 45.2 percent from 3-point range (14 for 31). "I was happy to see a lot of different guys contribute tonight and, hopefully, get their feet under them a little bit and get some confidence," said Western Kentucky coach Hank Plona, who is in his first season as head coach. "Obviously, Tuesday will be quite a test and challenge for us and we'll need them to be at their absolute best." Western Kentucky has an experienced group, which returned mostly intact from last season. The team is led by Conference USA first-team selection Don McHenry, who is leading the team with 17.2 points and 2.2 steals per game. McHenry is one of four Hilltoppers with scoring averages in double figures. Julius Thedford (11.4 points per game) and Babacar Faye (15.0) are each shooting 40 percent or better from 3-point range. Western Kentucky also figures to challenge the Wildcats on the boards as it enters the game ranked in the top 25 in defensive rebounding (30.4 per game). Faye leads the Hilltoppers in that department, averaging 7.8 rebounds per game and figures to battle Williams inside. "We're not the biggest team in the world, but our depth and our quickness are our strengths," Plona said. --Field Level MediaPRINCETON, N.J., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Company”) today announced that it has entered into a binding agreement to acquire the operational Tuolumne Wind Project from Turlock Irrigation District. Tuolumne Wind Project is a 137 MW wind project located in Klickitat County, WA that achieved commercial operations in 2009. The project will sell power under a new PPA with Turlock Irrigation District, an investment-grade regulated entity, with an initial contract term of 15 years to 2040. In conjunction with the acquisition, the Company also has received from Turlock Irrigation District a contractual extension option to enable a potential future repowering of the project. After factoring in estimated closing adjustments and new non-recourse project-level debt, the Company expects its total long-term corporate capital commitment to acquire the project to be approximately $70-75 million, which the Company expects to fund with existing sources of liquidity. Based on current expected terms and conditions of the new non-recourse financing, the acquisition is expected to provide incremental annual levered asset CAFD on a five-year average basis of approximately $9 million beginning January 1, 2026. The Company expects the transaction to close in the first quarter of 2025, after which its targeted contribution to fiscal year 2025 results will be communicated. “Clearway continues its successful track record of executing accretive, third-party acquisitions. We look forward to providing clean, reliable electricity to Turlock Irrigation District and its customers for years to come. Additionally, this transaction, along with other recent investments, underscores Clearway’s expanding presence in Western states alongside our historical core in California, contributing further to our strong incumbency in these attractive markets for clean power,” said Craig Cornelius, Clearway Energy, Inc.’s President and Chief Executive Officer. “We are also pleased to note that this acquisition is the next step in our path to meeting our long-term financial objectives, including our goal to deliver the midpoint or better of $2.40 to $2.60 in CAFD per share in 2027.” About Clearway Energy, Inc. Clearway Energy, Inc. is one of the largest owners of clean energy generation assets in the US and is leading the transition to a world powered by clean energy. Our portfolio comprises approximately 11.7 GW of gross capacity in 26 states, including 9 GW of wind, solar, and battery energy storage and over 2.7 GW of conventional dispatchable power capacity providing critical grid reliability services. Through our diversified and primarily contracted clean energy portfolio, Clearway Energy endeavors to provide our investors with stable and growing dividend income. Clearway Energy, Inc.’s Class C and Class A common stock are traded on the New York Stock Exchange under the symbols CWEN and CWEN.A, respectively. Clearway Energy, Inc. is sponsored by our controlling investor, Clearway Energy Group LLC. For more information, visit investor.clearwayenergy.com. Safe Harbor Disclosure This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, and typically can be identified by the use of words such as “expect,” “estimate,” "target," “anticipate,” “forecast,” “plan,” “outlook,” “believe” and similar terms. Such forward-looking statements include, but are not limited to, statements regarding, Clearway Energy, Inc.’s (the “Company’s”) dividend expectations and its operations, its facilities and its financial results, statements regarding the likelihood, terms, timing and/or consummation of the transactions described above, the potential benefits, opportunities, and results with respect to the transactions, including the Company’s future relationship and arrangements with Global Infrastructure Partners, TotalEnergies, and Clearway Energy Group (collectively and together with their affiliates, “Related Persons”), as well as the Company's Net Income, Adjusted EBITDA, Cash from Operating Activities, Cash Available for Distribution, the Company’s future revenues, income, indebtedness, capital structure, strategy, plans, expectations, objectives, projected financial performance and/or business results and other future events, and views of economic and market conditions. Although the Company believes that the expectations are reasonable at this time, it can give no assurance that these expectations will prove to be correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, the Company's ability to maintain and grow its quarterly dividend, impacts related to COVID-19 (including any variant of the virus) or any other pandemic, risks relating to the Company's relationships with its sponsors, the failure to identify, execute or successfully implement acquisitions or dispositions (including receipt of third party consents and regulatory approvals), risks related to hazards customary in the power industry, weather conditions, including wind and solar performance, the Company’s ability to operate its businesses efficiently, manage maintenance capital expenditures and costs effectively, and generate earnings and cash flows from its asset-based businesses in relation to its debt and other obligations, the willingness and ability of counterparties to the Company’s offtake agreements to fulfill their obligations under such agreements, the Company's ability to enter into new contracts as existing contracts expire, changes in government regulations, operating and financial restrictions placed on the Company that are contained in the project-level debt facilities and other agreements of the Company and its subsidiaries, and cyber terrorism and inadequate cybersecurity. Furthermore, any dividends are subject to available capital, market conditions, and compliance with associated laws and regulations. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The Cash Available for Distribution are estimates as of today’s date and are based on assumptions believed to be reasonable as of this date. The Company expressly disclaims any current intention to update such guidance. The foregoing review of factors that could cause the Company's actual results to differ materially from those contemplated in the forward-looking statements included in this news release should be considered in connection with information regarding risks and uncertainties that may affect the Company's future results included in the Company's filings with the Securities and Exchange Commission at www.sec.gov. In addition, the Company makes available free of charge at www.clearwayenergy.com, copies of materials it files with, or furnishes to, the Securities and Exchange Commission. Contacts: Appendix Table A-1: Adjusted EBITDA and Cash Available for Distribution Reconciliation The following table summarizes the calculation of Estimated Cash Available for Distribution and provides a reconciliation to Net Income/(Loss): Non-GAAP Financial Information EBITDA and Adjusted EBITDA EBITDA, Adjusted EBITDA, and Cash Available for Distribution (CAFD) are non-GAAP financial measures. These measurements are not recognized in accordance with GAAP and should not be viewed as an alternative to GAAP measures of performance. The presentation of non-GAAP financial measures should not be construed as an inference that Clearway Energy’s future results will be unaffected by unusual or non-recurring items. EBITDA represents net income before interest (including loss on debt extinguishment), taxes, depreciation and amortization. EBITDA is presented because Clearway Energy considers it an important supplemental measure of its performance and believes debt and equity holders frequently use EBITDA to analyze operating performance and debt service capacity. EBITDA has limitations as an analytical tool, and you should not consider it in isolation, or as a substitute for analysis of our operating results as reported under GAAP. Some of these limitations are: EBITDA does not reflect cash expenditures, or future requirements for capital expenditures, or contractual commitments; EBITDA does not reflect changes in, or cash requirements for, working capital needs; EBITDA does not reflect the significant interest expense, or the cash requirements necessary to service interest or principal payments, on debt or cash income tax payments; Although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and EBITDA does not reflect any cash requirements for such replacements; and Other companies in this industry may calculate EBITDA differently than Clearway Energy does, limiting its usefulness as a comparative measure. Because of these limitations, EBITDA should not be considered as a measure of discretionary cash available to use to invest in the growth of Clearway Energy’s business. Clearway Energy compensates for these limitations by relying primarily on our GAAP results and using EBITDA and Adjusted EBITDA only supplementally. See the statements of cash flow included in the financial statements that are a part of this news release. Adjusted EBITDA is presented as a further supplemental measure of operating performance. Adjusted EBITDA represents EBITDA adjusted for mark-to-market gains or losses, non-cash equity compensation expense, asset write offs and impairments; and factors which we do not consider indicative of future operating performance such as transition and integration related costs. The reader is encouraged to evaluate each adjustment and the reasons Clearway Energy considers it appropriate for supplemental analysis. As an analytical tool, Adjusted EBITDA is subject to all of the limitations applicable to EBITDA. In addition, in evaluating Adjusted EBITDA, the reader should be aware that in the future Clearway Energy may incur expenses similar to the adjustments in this news release. Management believes Adjusted EBITDA is useful to investors and other users of our financial statements in evaluating our operating performance because it provides them with an additional tool to compare business performance across companies and across periods. This measure is widely used by investors to measure a company’s operating performance without regard to items such as interest expense, taxes, depreciation and amortization, which can vary substantially from company to company depending upon accounting methods and book value of assets, capital structure and the method by which assets were acquired. Additionally, Management believes that investors commonly adjust EBITDA information to eliminate the effect of restructuring and other expenses, which vary widely from company to company and impair comparability. As we define it, Adjusted EBITDA represents EBITDA adjusted for the effects of impairment losses, gains or losses on sales, non-cash equity compensation expense, dispositions or retirements of assets, any mark-to-market gains or losses from accounting for derivatives, adjustments to exclude gains or losses on the repurchase, modification or extinguishment of debt, and any extraordinary, unusual or non-recurring items plus adjustments to reflect the Adjusted EBITDA from our unconsolidated investments. We adjust for these items in our Adjusted EBITDA as our management believes that these items would distort their ability to efficiently view and assess our core operating trends. In summary, our management uses Adjusted EBITDA as a measure of operating performance to assist in comparing performance from period to period on a consistent basis and to readily view operating trends, as a measure for planning and forecasting overall expectations and for evaluating actual results against such expectations, and in communications with our Board of Directors, shareholders, creditors, analysts and investors concerning our financial performance. Cash Available for Distribution A non-GAAP measure, Cash Available for Distribution is defined as of September 30, 2024 as Adjusted EBITDA plus cash distributions/return of investment from unconsolidated affiliates, cash receipts from notes receivable, cash distributions from noncontrolling interests, adjustments to reflect sales-type lease cash payments and payments for lease expenses, less cash distributions to noncontrolling interests, maintenance capital expenditures, pro-rata Adjusted EBITDA from unconsolidated affiliates, cash interest paid, income taxes paid, principal amortization of indebtedness, changes in prepaid and accrued capacity payments, and adjusted for development expenses. Management believes CAFD is a relevant supplemental measure of the Company’s ability to earn and distribute cash returns to investors. We believe CAFD is useful to investors in evaluating our operating performance because securities analysts and other interested parties use such calculations as a measure of our ability to make quarterly distributions. In addition, CAFD is used by our management team for determining future acquisitions and managing our growth. The GAAP measure most directly comparable to CAFD is cash provided by operating activities. However, CAFD has limitations as an analytical tool because it does not include changes in operating assets and liabilities and excludes the effect of certain other cash flow items, all of which could have a material effect on our financial condition and results from operations. CAFD is a non-GAAP measure and should not be considered an alternative to cash provided by operating activities or any other performance or liquidity measure determined in accordance with GAAP, nor is it indicative of funds available to fund our cash needs. In addition, our calculations of CAFD are not necessarily comparable to CAFD as calculated by other companies. Investors should not rely on these measures as a substitute for any GAAP measure, including cash provided by operating activities.
Dbv technologies chief medical officer sells shares worth $1,269
A judge on Monday granted a request by prosecutors to dismiss the election subversion case against Donald Trump because of a Justice Department policy of not prosecuting a sitting president. Judge Tanya Chutkan agreed to the request by Special Counsel Jack Smith to dismiss the case against the president-elect "without prejudice," meaning it could potentially be revived after Trump leaves the White House four years from now. "Dismissal without prejudice is appropriate here," Chutkan said, adding in the ruling that "the immunity afforded to a sitting President is temporary, expiring when they leave office." Trump, 78, was accused of conspiring to overturn the results of the 2020 election he lost to Joe Biden and removing large quantities of top secret documents after leaving the White House, but the cases never came to trial. Smith also moved on Monday to drop his appeal of the dismissal of the documents case filed against the former president in Florida. That case was tossed out earlier this year by a Trump-appointed judge on the grounds that Smith was unlawfully appointed. The special counsel paused the election interference case and the documents case this month after Trump defeated Vice President Kamala Harris in the November 5 presidential election. Smith cited the long-standing Justice Department policy of not indicting or prosecuting a sitting president in his motions to have the cases dismissed. "The Government's position on the merits of the defendant's prosecution has not changed," Smith said in the filing with Chutkan. "But the circumstances have." "It has long been the position of the Department of Justice that the United States Constitution forbids the federal indictment and subsequent criminal prosecution of a sitting President," Smith said. "As a result this prosecution must be dismissed before the defendant is inaugurated." In a separate filing, Smith said he was withdrawing his appeal of the dismissal of the classified documents case against Trump but pursuing the case against his two co-defendants, Trump valet Walt Nauta and Mar-a-Lago property manager Carlos De Oliveira. Trump, in a post on Truth Social, said the cases were "empty and lawless, and should never have been brought." "Over $100 Million Dollars of Taxpayer Dollars has been wasted in the Democrat Party's fight against their Political Opponent, ME," he said. "Nothing like this has ever happened in our Country before." Trump was accused of conspiracy to defraud the United States and conspiracy to obstruct an official proceeding -- the session of Congress called to certify Biden's win, which was violently attacked on January 6, 2021 by a mob of the then-president's supporters. Trump was also accused of seeking to disenfranchise US voters with his false claims that he won the 2020 election. The former and incoming president also faces two state cases -- in New York and Georgia. He was convicted in New York in May of 34 counts of falsifying business records to cover up a hush money payment to porn star Stormy Daniels on the eve of the 2016 election to stop her from revealing an alleged 2006 sexual encounter. However, Judge Juan Merchan has postponed sentencing while he considers a request from Trump's lawyers that the conviction be thrown out in light of the Supreme Court ruling in July that an ex-president has broad immunity from prosecution. In Georgia, Trump faces racketeering charges over his efforts to subvert the 2020 election results in the southern state, but that case will likely be frozen while he is in office. cl/smsWhy Michigan Deer Are Hunters Dying This Season? Expert Says THIS
In the ever-changing world of finance, tracking stock movements can be a game-changer for investors. Recently, some of the most prominent companies with massive market valuations have made notable moves in the stock market. Mega-Cap Stocks: Companies with a market cap exceeding $200 billion have shown significant activity. These well-established giants often lead the market trends, and observing their stock price fluctuations can provide valuable insights into broader market conditions. Large-Cap Stocks: Stocks with market caps ranging from $10 billion to $200 billion are considered large-cap and play a crucial role in investment portfolios due to their stability and potential for consistent returns. Recent behavior of these stocks indicates shifts in investor confidence and strategic rebalancing. Mid-Cap Stocks: These stocks represent firms with market caps between $2 billion and $10 billion. They often offer a balance between growth potential and volatility. Investors are keeping a close eye on these companies as they continue to show promise and dynamic movement in the financial landscape. Small-Cap Stocks: Smaller companies, with a market cap from $300 million to $2 billion, are often seen as high-risk, high-reward opportunities. Their recent stock activity suggests shifts that could offer lucrative opportunities for those willing to take calculated risks. For real-time updates and to gain an edge in the market, consider exploring platforms like Investing Pro that cater to active investors seeking timely financial news. Top Investment Strategies for 2023: Navigating the Stock Market Tracking the movements of stock prices in today’s dynamic financial markets can be a pivotal strategy for investors aiming to maximize their portfolios. Here, we explore several facets of the stock market that are gaining attention as we head into 2023, providing insights and trends for investors across all categories of market capitalization. Key Innovations Shaping Mega-Cap Investments Mega-cap stocks, which include companies with market capitalizations exceeding $200 billion, continue to demonstrate a trend of incorporating technological innovations such as artificial intelligence and sustainability initiatives. These investments are reshaping entire industries, creating new avenues for growth even among the most established market leaders. Advantages and Limitations of Large-Cap Stocks Large-cap stocks, valued between $10 billion and $200 billion, remain a cornerstone of many investment portfolios due to their relative stability and reliable dividend payouts. However, their slower growth compared to smaller companies can be a limiting factor for growth-focused investors. Understanding the balance between returns and safety is vital for anyone investing in this category. Mid-Cap Stock Opportunities and Market Analysis Mid-cap stocks, with market caps ranging from $2 billion to $10 billion, often offer the best of both worlds: potential for growth paired with reduced volatility compared to small caps. Many mid-cap companies are leading the charge in niche markets, particularly in the tech and healthcare sectors, which are forecasts to expand significantly in 2023. High Risk, High Reward: Small-Cap Stock Insights For those inclined towards high-risk, high-reward investments, small-cap stocks present unique opportunities. Recent financial disclosures have highlighted several small-cap firms making strides in emerging markets and innovative tech applications. These stocks require careful analysis, but they often benefit from being nimble and responsive to market changes. Security Aspects and Use of Technology The implementation of advanced cybersecurity measures and blockchain technology is increasingly becoming standard among both large-caps and smaller companies. This shift is intended to protect against cyber threats and improve transparency, potentially affecting stock valuations positively. Sustainability Trends in Stock Market Investments With a growing emphasis on sustainability, investors are now steering their portfolios towards companies demonstrating environmental responsibility. Both mega-cap and smaller companies are making significant investments in sustainable practices, which not only appeal to ethically conscious investors but are also becoming necessary for regulatory compliance. Future Predictions and Trends As both geopolitical and economic landscapes continue to evolve, investors will need to brace for potential volatility while being open to new opportunities. Analysts predict that sectors such as renewable energy, biotechnology, and digital financial services will see exponential growth. For those seeking real-time updates and strategic insights, platforms such as Investing offer cutting-edge tools and resources to assist in informed decision-making. By staying informed and agile, investors can navigate the complexities of the market with greater confidence and success.Commentary: Are we becoming a post-literate society?Panitch Schwarze Partner Jeffrey W. Gluck Named Among IAM Strategy 300 Global Leaders 2025
Japan to draw up new strategy to beef up defense industry, exportsA judge on Monday granted a request by prosecutors to dismiss the election subversion case against Donald Trump because of a Justice Department policy of not prosecuting a sitting president. Judge Tanya Chutkan agreed to the request by Special Counsel Jack Smith to dismiss the case against the president-elect "without prejudice," meaning it could potentially be revived after Trump leaves the White House four years from now. "Dismissal without prejudice is appropriate here," Chutkan said, adding in the ruling that "the immunity afforded to a sitting President is temporary, expiring when they leave office." Trump, 78, was accused of conspiring to overturn the results of the 2020 election he lost to Joe Biden and removing large quantities of top secret documents after leaving the White House, but the cases never came to trial. Smith also moved on Monday to drop his appeal of the dismissal of the documents case filed against the former president in Florida. That case was tossed out earlier this year by a Trump-appointed judge on the grounds that Smith was unlawfully appointed. The special counsel paused the election interference case and the documents case this month after Trump defeated Vice President Kamala Harris in the November 5 presidential election. Smith cited the long-standing Justice Department policy of not indicting or prosecuting a sitting president in his motions to have the cases dismissed. "The Government's position on the merits of the defendant's prosecution has not changed," Smith said in the filing with Chutkan. "But the circumstances have." "It has long been the position of the Department of Justice that the United States Constitution forbids the federal indictment and subsequent criminal prosecution of a sitting President," Smith said. "As a result this prosecution must be dismissed before the defendant is inaugurated." In a separate filing, Smith said he was withdrawing his appeal of the dismissal of the classified documents case against Trump but pursuing the case against his two co-defendants, Trump valet Walt Nauta and Mar-a-Lago property manager Carlos De Oliveira. Trump, in a post on Truth Social, said the cases were "empty and lawless, and should never have been brought." "Over $100 Million Dollars of Taxpayer Dollars has been wasted in the Democrat Party's fight against their Political Opponent, ME," he said. "Nothing like this has ever happened in our Country before." Trump was accused of conspiracy to defraud the United States and conspiracy to obstruct an official proceeding -- the session of Congress called to certify Biden's win, which was violently attacked on January 6, 2021 by a mob of the then-president's supporters. Trump was also accused of seeking to disenfranchise US voters with his false claims that he won the 2020 election. The former and incoming president also faces two state cases -- in New York and Georgia. He was convicted in New York in May of 34 counts of falsifying business records to cover up a hush money payment to porn star Stormy Daniels on the eve of the 2016 election to stop her from revealing an alleged 2006 sexual encounter. However, Judge Juan Merchan has postponed sentencing while he considers a request from Trump's lawyers that the conviction be thrown out in light of the Supreme Court ruling in July that an ex-president has broad immunity from prosecution. In Georgia, Trump faces racketeering charges over his efforts to subvert the 2020 election results in the southern state, but that case will likely be frozen while he is in office. cl/sms
Open defecation practice among traders in Ebute-Ero and four other major markets in Lagos has become a public health threat to the residents as they have raised the alarm over looming disease outbreaks. CHIJIOKE IREMEKA reports The scorching sun blazed down that Tuesday afternoon, overpowering the usually cool breeze wafting through the Ebute-Ero waterside community. Though the breeze offered a momentary reprieve from the heat, it carried a stench enough to make one lose one’s lunch. Ebute-Ero, an ancient community on Lagos Island, is known for its bustling Ebute-Ero market. Ebute Ero market which is lined with open stalls and lockup shops is one of the oldest and largest markets in Nigeria. It is located in the Lagos Island Local Government Area. Currently, the market has become infamous for the unchecked dumping of human waste directly into its surrounding water bodies (lagoon). The cause of the stench, PUNCH Healthwise discovered during visits to the market, was the indiscriminate passing of human waste into the water bodies. Our correspondent during the visits saw some of the traders squatting down on the concrete barriers to defecate inside the water bodies. Also, along the CMS-Ebute-Ero route, others were spotted relieving themselves on patches of green vegetation. Further observation of the area revealed a frequent influx of individuals, traders, artisans, drivers, and visitors to water bodies to relieve themselves. It is common to see them rushing to the concrete barriers with one or two sachets of water or a plastic bottle of water to clean up after defecating. Women, it was observed, often sought more private areas, which was why some squat between closely parked vehicles, defecate in nylon bags, and toss them into the water. Pretending to be pressed, our correspondent squatted down on the concrete barriers to observe. A few minutes later, a young man joined the throng of men mounting the concrete barriers and relieved himself into the water. Striking up a friendly conversation with the newcomer to the scene, 26-year-old Basiru Olateru, a wholesaler in beverages, our correspondent confirmed that many visitors and workers alike answered nature’s call in the water body. The Osun State indigene noted that many of the public toilets meant to serve their needs were often in a filthy state, creating an easy excuse to pass their waste into the Lagoon. Olateru said the public toilets in Oke-Arin and Apongbon markets close to Ebute-Ero market were notorious for their lack of cleanliness, maintenance, and the absence of basic hygiene supplies. He said, “The public toilet is usually dirty and lacks maintenance. In some cases, you will go there to defecate but the state of the toilet will push you away. The place lacks maintenance, and there is no soap or disinfectant. “Apart from the smell that comes from there, in some cases, people use the toilet and leave them in a terrible position until the operators come and clean it up. You will see stains and patches of excreta in the toilet bowl that would make you uncomfortable. “They would want you to sit down to defecate, but that is the part I don’t like because it brings my body in close contact with the bacteria that can cause infections.” He claimed to have treated an infection he got from a public toilet and would not want a repeat of the situation, hence his decision to defecate outside of the public toilets. Available but dirty toilets A middle-aged driver at the Ebute-Ero park, Jide Adesola, waited his turn to call passengers into his vehicle. He told PUNCH Healthwise that he paid N100 each time he used the toilet. Uncomfortable with the charges, Adesola chose to defecate directly into the lagoon, undeterred by the presence of law enforcement officers. However, that seemed not to be his only alibi. He mentioned that despite the N100 charge, the toilets were dirty. The driver said, “In most cases, the toilets are dirty and overcrowded. I feel uncomfortable and unsafe using them. Even the smell will not allow you to breathe, and that is why I use the one in the water each time I visit. At least our wastes go into the water and do not smell.” Water from Lagoon However, this practice poses serious environmental and health risks for some residents who depend on this water for fishing and other domestic purposes. Online maps show that Makoko, a community known for its fishing and living on the Lagoon, is situated south of Ebute-Ero. This implies that the excreta deposited at the Ebute-Ero end of the lagoon would be carried towards the fishing town, polluting the water body. Our correspondent further learnt that the Ebute-Ero community relied on water from the lagoon for daily activities, such as cooking, cleaning, and fishing. Residents who spoke with PUNCH Healthwise said this practice had exposed the entire community to waterborne diseases including cholera, diarrhoea, and even incurable hepatitis B and C, among other infections. They raised concerns about the lack of sanitation facilities in the markets, saying that existing ones were often in poor condition, dirty, and overcrowded, thereby pushing people to practice the outlawed open defecation by using the lagoon. The residents lamented that efforts to address the situation have been hindered by a lack of government oversight and willpower to restore sanity, thereby creating a public nuisance. Street boys built toilets in water While the state is grappling with this unwholesome practice, louts defied the environmental and sanitation laws and built a toilet directly in the water for people to use at a fee. However, the legality of the toilet built in the Marine Water at Ebute-Ero, opposite the Oke-Arin Market, was yet to be unravelled. This unwholesome practice is happening at a time when the state was battling cholera and other infectious diseases. Findings revealed that the Lagos State Ministry of Environment had at a point dismantled the toilet but was rebuilt by the boys, and since then, no government official, not even the local government council, had raised an eyebrow at this menace. Over 3.9 million toilets needed According to the Joint Monitoring Programme, Open Defecation, popularly known as OD, refers to the practice of defecating in fields, forests, bushes, bodies of water, or other open spaces. “Defecating in the open is an affront to dignity and a risk to children’s nutrition and community health,” it added. Recently, the United Nations Children’s Fund said Nigeria will need to build no fewer than 3.9 million toilets annually to meet the 2025 target for ending open defecation practices. UNICEF chief, Jane Bevan, disclosed this at the opening of a two-day Maiden Toilet Business Owners Conference in Abuja, saying, “About 1.3 per cent of Gross Domestic Product, or N455 billion, is lost annually due to poor access to sanitation—health, health care savings, and productivity.” She stated that current toilet construction in the country stood between 180,000 and 200,000 toilets annually, describing it as inadequate. More so, Nigeria presently occupies the topmost level on the ladder of OD and in order to combat the menace, former President Muhammadu Buhari declared a state of emergency on OD as contained in Executive Order 009 titled: The Open Defecation Free Nigeria by 2025 and Other Related Matters. The declaration was expected to be followed by actions from each state to domesticate the Order and plan towards its application and sustenance to achieve Open DefecationFree status by 2025. Sequel to this, the Lagos State Governor, Mr Babajide Sanwo–Olu, took the lead role and set the pace for others to emulate by signing an Executive Order titled: Enforcement of Law and Order in Respect of Traffic and Sanitation Matters. This Order was to restore stability and accountability to all citizens to become active stakeholders in bringing necessary changes to transform Lagos into the desired state. However, these have not achieved the desired goal as over 46 million Nigerians still practise OD, according to UNICEF’s report. Bridge turned toilet To further examine the extent of open defecation and the neglect of public toilets in other markets in the state, our correspondent visited Oke-Arin, Apongbon, Oshodi, and Iyana-Iba markets. At Iyana-Iba, street urchins, popularly called Omo-Ita, traders, and their visitors turned a newly constructed bridge adjoining Ojo General Hospital’s site into an open defecation destination. Traversing the bridge from the Expressway to the back of the hospital is a difficult and unpleasant journey, as one is forced to hold one’s breath to avoid the overpowering stench of faecal matter scattered across the bridge. PUNCH Healthwise noticed an inscription written in red ink on the sidewalls of the bridge, “No Toilet. N5,000.” This warning, perhaps intended to discourage people from using the bridge as a latrine, yielded no success as our correspondent observed several individuals defecating there without restraint or fear of punishment. A 23-year-old petty trader, Juliet Obor, explained that there were three major toilets used by people in the market, emphasising that many, particularly the ‘area boys,’ still preferred using the bridge as a toilet. Obor, who sells grains, noted that while the privately owned toilet was well-maintained and disinfected, the government-run toilets were often neglected and dirty. When asked why the government toilets were not as clean as the privately owned ones, she responded, “Can the government toilet ever be neater than the private one? Who cleans it? But here, the operator cleans it immediately after someone uses it.” Obor explained that although she used the private toilet whenever she needed to urinate, she preferred to go to her house nearby to defecate. The state of the bridge, she added, was an embarrassment to the environment and government, expressing concern about how the construction company would continue work at the site amid such extensive faecal contamination. Related News Lagos residents decry incessant crashes in Badagry N5m donation tears Celestial church apart, founder’s son disrupts service Sanwo-Olu swears in eight new perm secs, tutors-general Similar situation in Apongbon A trader, Chizoba Ndilika, said the scarcity of clean public toilets pushed him to urinate in the open. He said, “If the toilets are well maintained, I will be using the public toilet. But with the experience I had with the public toilet, I don’t like using it anymore. It is hard for you to see clean public toilets. “I can urinate there but can’t sit on that bowl to defecate. Like I said, the least I can do is to be there.” Deplorable toilet walls At Oshodi, the story is similar, as our correspondent spotted some individuals defecating on the railway towards Mushin. One of the perpetrators, identified as Taju, and suspected to be one of the louts on the street of Oshodi, said he had no time for public toilets. Some of the toilets visited at Oshodi were in extremely poor condition. One was dilapidated to the extent that the exposed blocks on the walls were visible through the crumbling plaster. Fear of contracting disease Some traders who spoke with PUNCH Healthwise at the market said the fear of infection was the reason they did not patronise certain toilets in the market. One of the traders who deals in baby wear, Hayatu Ishola, said it was a common practice to see women covering themselves with wrappers while urinating on the streets rather than going into the public toilets. She said that squatting down to urinate in a dirty toilet could make women contract infection. But when she was heavily pressed, she would manage the toilet but would get antibiotics immediately after to prevent infections. “Ordinarily, I don’t enter those public toilets because they are dirty. The only one I manage to use is the one at the BRT plaza. But each time I use it, I must take antibiotics to protect myself against infections. “Women’s bodies are open, and you don’t urinate or defecate anywhere you see else you will carry infections. It pays me to go to the nearby bush to ease myself rather than to go to a public toilet unless that toilet is clean. “There is always water on the floor of the toilet, and the water is not free from bacteria, and there are many sicknesses in the country now. The best is for you to avoid this market toilet unless the toilets are well disinfected. I pity the women who use public toilets regularly,” Ishola said. Totally against our sanitation laws –Lagos Speaking on the development, the Director of Public Affairs, Lagos State Ministry of Environment and Water Resources, Kunle Adeshina, said constructing such toilets on the water bodies was strange. He said, “Some of these are managed by local governments while some are managed by private owners with whom we have a very robust relationship. What is however strange, is the fact that this toilet you are talking about has been built on the water body which is totally against our sanitation laws. “The relevant department in the Ministry will investigate this and apply necessary sanctions where necessary. For the umpteenth time, open defecation has no place in this state. We will continue to enforce the provisions of the law against them. “The problem of open defecation is a major social issue that the present administration is tackling headlong. We are combining enforcement with moral suasion because the state believes that if advocacy is stepped up as it is being done now, people will come to realise the health hazards of open defecation and refrain from it.” The Lagos State Government on Tuesday reiterated its commitment to eliminate open defecation and prioritise good sanitation practices across the state. The Commissioner for the Environment and Water Resources, Tokunbo Wahab, made this known at the Year 2024 World Toilet Day celebrations held at Adeyemi Bero Auditorium, Alausa, Ikeja, saying the government would continue to proffer solutions to all sanitation challenges across the state. He said every World Toilet Day celebrates the importance of toilets, raising awareness of the 4.2 billion people living without access to safely managed sanitation. He added that the day was also about taking action to tackle the global sanitation crisis and achieve Sustainable Development Goal 6: Water and Sanitation for all by 2030. Wahab stated that the national theme, “Use the Toilet and Have Peace,” was very apt as it focused on the fact that for billions of people, sanitation was under threat arising from conflict, climate change, disaster and neglect. He said, “When sanitation services are destroyed, damaged or disrupted, untreated human waste spreads in the environment, unleashing deadly diseases such as cholera and diarrhoea which affect community health and the well-being of citizens.” Wahab explained that in addressing the menace of open defecation in the state, the government had developed four cardinal roadmaps which are advocacy/sensitisation; bridging the infrastructure gap; standardisation and regularisation of existing facilities as well as ensuring adequate monitoring and enforcement. In 2022, UNICEF stressed that the impact of open defecation in Nigeria was huge, indicating that more than 100,000 children under five years of age die each year due to diarrhoea; of which 90 per cent was directly attributable to unsafe water and sanitation. It noted that one in four children under five years of age exhibit severe stunting, while one in 10 is wasted, due to frequent episodes of diarrhoea and other Water, Sanitation, and Hygiene-related diseases. UNICEF also launched a national campaign tagged ‘Clean Nigeria: Use the Toilet’ to jump-start the country’s journey towards becoming open defecation-free by 2025. 90% households consume faeces-contaminated water – NBS Also, the Multiple Indicator Cluster Survey carried out in 2017 by the National Bureau of Statistics in collaboration with UNICEF, said 90 per cent of households in Nigeria consume faeces-contaminated water and other impure substances. According to UNIC’s Monitoring and Evaluation Specialist, Mrs Maureen Zubie-Okolo, the water and sanitation situation in the country is worrisome; water-borne diseases, such as diarrhoea have been the leading cause of hospital admissions, especially among under-five children. The World Health Organisation ranked Nigeria as fifth among countries practising open defecation, while India topped the chart with 626 million people. We’ve warned them Reacting to the situation, one of the market leaders, Rassaq Azeez, said that the market leadership had warned them to stop using the place as a toilet but they refused to listen. “We have written a warning on almost all the pavements there to stop them, but they paid a deaf ear. You can see the heap of faeces on the bridge and how the company would handle it is what I don’t know. “We have several toilets here, not as if we don’t have toilets in this place, but the majority of them will not want to pay N100 or N50 to use the toilet. The money paid is to keep the toilet clean,” he said. Also, an operator of a privately owned toilet, who simply identified herself as Sola, said that some people make use of the toilet, while others don’t. “My toilet is the most used because I keep it clean. We disinfect it immediately after someone finishes using it,” said the operator of a privately owned toilet. We have enough toilets – Market leader Reacting to the condition of the public toilets, one of the market leaders working with the Iyaloja, Ade Olakunle, said, “We have enough toilets in this place. Each new building comes with toilet facilities.” On the reason people preferred open defecation to public toilets, he said, “Don’t mind those people going there to defecate. The practice has mastered them. It is a decision they have taken over a long period. “As for this Oke-Arin market, we have enough toilets to take care of the traders and visitors to the market. The one over there was provided by the area boys where they defecate. They collect N100 for others to use.” Asked why Lagos State allowed such environmental and aquatic degradation, he said, “It used to be bigger than this but the Ministry of Environment came and scattered it, but the area boys put it back. “When the local government came back, they couldn’t do anything about it. And the structure has been there for a long time. The area boys resisted the government. “So, we have enough toilets, but if you are talking about other markets, I don’t know. There are several markets here. They are also called the Ebute-Ero market.” The leader of Methodist Plaza, Emeka Onubogu, affirmed that some of the toilets were dirty, saying that he only used toilets in Methodist Plaza and another at the Post Office side along Oshodi Road for fear of infections. He, however, said that most of the people who practice open defecation in Oshodi were the street boys who were not ready to part with a dime even if the toilet was at their doorstep. Onubogu said, “We have enough toilets here but not all are clean and infections can be gotten from such dirty places. I use only the toilets in my plaza and one at the Post Office. Outside these two, I do not use anyone again.” Re-orientation way out – Experts Reacting to the spate of open defecation in the state, an environmentalist and a Senior Lecturer in the Department of Environmental Health Sciences, University of Ibadan, Dr Oladapo Okareh, said Nigerians should be given proper re-orientation on the dangers of OD, saying that the practice could lead to an outbreak of diseases like cholera and diarrhoea. “Open defecation constitutes a major public health problem. It’s a public menace because it easily leads to outbreaks of communicable diseases like cholera, typhoid, diarrhoea, intestinal infections, and respiratory diseases,” he added. Also, a public health expert at the Nnamdi Azikwe University Teaching Hospital, Nnewi, Anambra State, Mrs Joy Anichebe, said water-borne diseases like cholera and diarrhoea were deadly diseases that could kill a child within one hour of the ailment. She noted, “Diseases like urinary tract infections, gastroenteritis, skin infections such as cellulitis, and even Hepatitis B and C, could be prevented if our public toilets are well taken care of and the people stop contaminating the water bodies and the land with faeces of infected persons.” We’re partnering with locals, transport unions – MOE&WR The MOE&WR Director of Public Affairs, who earlier spoke with PUNCH Healthwise, said the state government was constructing 100 new public toilets. “These new eco-friendly toilets will complement the existing toilets, which will be available for use at minimal charges. We will continue to enlighten residents on the dangers. “For Iyana-Iba market and similar locations where we have rampant cases of open defecation, the state is partnering with locals and transport unions to have people monitor the areas and apprehend people who try to defecate there. “Most of them use the cover of darkness to perpetrate this act. A success of this template has been recorded at Ojodu Berger which used to be a scene of unprecedented open defecation but is being policed round the clock by volunteers now,” Adeshina said.OSAKA, Japan and MONTREAL , Dec. 5, 2024 /PRNewswire/ -- Ono Pharmaceutical Co., Ltd. (Headquarters: Osaka, Japan ; President: Toichi Takino; "Ono") announced that it has entered into a drug discovery collaboration agreement with Congruence Therapeutics (Headquarters: Montreal, Quebec, Canada ; CEO: Clarissa Desjardins; "Congruence") to generate novel small molecule correctors against multiple protein targets in the oncology area by leveraging Congruence's proprietary drug discovery platform, RevenirTM. Under the terms of the agreement, Congruence will generate small molecule correctors by leveraging Congruence's proprietary drug discovery engine called, RevenirTM. Ono will obtain an exclusive option right to develop, manufacture and commercialize the identified small molecule correctors worldwide. Congruence will be eligible to receive an upfront payment, research expenses, milestone payments based on research and development progress and sales, as well as tiered royalties based on net sales. "We believe that this collaboration with Congruence may help generating novel small molecule correctors for validated targets in the oncology area by leveraging their own technologies in protein dynamics and computational biology, leading to our development pipeline," said Seishi Katsumata , Corporate Officer / Executive Director, Discovery & Research of Ono. "We will be committed to delivering innovative new drugs to cancer patients as soon as possible." "Congruence is thrilled to partner with Ono, which has established itself as a global leader in drug development, particularly in the oncology space. We believe that our RevenirTM platform and capabilities in protein dynamics will accelerate the discovery of novel therapies for compelling targets of interest to both companies," said Sharath Hegde PhD, Chief Scientific Officer of Congruence. About RevenirTM Drug Discovery Platform RevenirTM, Congruence's proprietary computational drug discovery platform, captures the dynamic biophysical changes caused by mutations in proteins, offering unique insights into protein defects and their correction. By examining surface features and a spectrum of biophysical descriptors across an ensemble of protein conformers, RevenirTM predicts small molecule induced correction of the underlying defect. About Congruence Therapeutics Congruence is a computationally-driven biotechnology company building a unique pipeline of transformative small molecule correctors rationally designed to rescue aberrant protein function. Congruence's proprietary scalable platform, RevenirTM, captures the biophysical features of proteins across their conformational ensembles, in order to identify novel allosteric and cryptic pockets which are virtually screened to generate novel chemical matter. For more information, please visit www.congruencetx.com . View original content to download multimedia: https://www.prnewswire.com/news-releases/ono-enters-into-drug-discovery-collaboration-agreement-with-congruence-therapeutics-to-generate-novel-small-molecule-correctors-in-the-oncology-area-302324452.html SOURCE Ono Pharmaceutical co., ltd.
SINGAPORE: Private sector economists have revised their outlook for Singapore’s economic growth, forecasting stronger performance in 2025. According to the latest Economic Analyst Survey Report by the Monetary Authority of Singapore (MAS), a group of 20 economists now predicts a year-on-year growth of 3.1% in the fourth quarter of this year and 3.6% for the entire year. This marks an improvement from the 2.6% growth projected in the prior survey. Looking ahead to 2025, the economists estimate a 2.6% growth rate for Singapore’s economy, consistent with earlier expectations. The majority anticipate growth to range between 2.5% and 2.9%. The survey also revealed a downward revision in inflation expectations. For 2024, the overall inflation rate is now projected to be 2.5%, while core inflation is expected at 2.8%, compared to earlier estimates of 2.6% and 2.9%, respectively. These figures are forecasted to decline further in 2025, with overall inflation at 1.9% and core inflation at 1.8%. Economists identified several potential risks to Singapore’s economic outlook. Downside pressures include ongoing geopolitical tensions, such as heightened tariffs, weak growth in China, and rising domestic cost pressures. On the other hand, stronger-than-expected external growth, robust recovery in China, and a sustained improvement in the global technology cycle could present significant upside opportunities. Survey responses also shed light on expectations for monetary policy. Approximately one-third (33%) of analysts anticipate that MAS may ease the slope of the Singapore Dollar Nominal Effective Exchange Rate (S$NEER) early in 2024. This is a slight decrease from previous survey figures. Meanwhile, 38% of respondents continue to expect such a policy adjustment in April 2024.By Nandita Bose WASHINGTON (Reuters) - U.S. President Joe Biden and President-elect Donald Trump have yet to start the formal transition process between administrations, which normally takes months and involves the executive branch sharing information with incoming officials on everything from foreign policy to ongoing investigations. Trump, who will be sworn into office on Jan. 20, has not signed a series of transition documents with Biden, preventing U.S. officials working for 15 agencies - including the Treasury, State Department, Energy Department, Agriculture Department, Transportation Department and others - from briefing his incoming team. The unusual situation could mean hiccups in some government operations, some critics warn and raises questions about whether Trump's appointees will clear ethics hurdles. Here's what we know about what's going on: WHY DOES THE TRANSITION MATTER? It allows the incoming president's team to participate in national security briefings or gain access to federal agencies to begin the complicated work of preparing to take control of the federal government on Jan. 20, 2025. WHAT DOCUMENTS HAS TRUMP NOT SIGNED?The Trump team has so far not signed two agreements needed to kick-start the transition required by the Presidential Transition Act: a memorandum of understanding with the General Services Administration and another with the White House. The GSA agreement would offer the transition team office space, IT services and facilities, and the White House agreement would allow transition team access to employees and documents of federal agencies. Under the transition law, the agreements also include a robust ethics pledge. It requires Trump and his transition staff to pledge they will avoid conflicts of interest once sworn into office. Trump's transition team was required to submit the ethics pledge by Oct. 1, according to the 1963 law that provides transition funding. WHY HASN'T TRUMP SIGNED THE AGREEMENTS? Two transition sources with knowledge of the matter said the holdup is Trump having to walk away from his business interests - something he does not want to do. Three days after winning the election, Trump denied on Truth Social that he was selling his shares in Trump Media & Technology Group, the parent company of the social media platform. "I HAVE NO INTENTION OF SELLING!" he posted. The Trump transition team's leadership has privately drafted their own ethics document and a conflict-of-interest statement governing its staff, sources said. The documents do not meet the requirements of the transition law and do not include language that explains how Trump will address conflicts of interest during his presidency, sources with knowledge of the transition said. Not signing the documents also means the president does not have to disclose the names of private donors, who are funding his transition, and can raise unlimited amounts of cash from them to fund his return to the White House. The transition law requires these names be disclosed and caps such donations at $5,000. The Trump transition team has repeatedly said the president-elect intends to sign the documents but the team's main priority is selecting and vetting candidates. It remains unclear when Trump will sign the pledge. All transition staff have signed a robust ethics pledge as a requirement of their participation, the transition team said. "The Trump-Vance transition lawyers continue to constructively engage with the Biden-Harris administration lawyers regarding all agreements contemplated by the Presidential Transition Act," said Brian Hughes, a Trump transition spokesman. WHAT DOES THE LAW SAY ABOUT CONFLICTS? The about $7 trillion annual U.S. federal government budget is funded by American taxpayer money, and people who work in it should not use their position or influence in ways that benefit them or their businesses or families, according to multiple U.S. ethics laws. In 2019, Congress amended that law to require candidates to create and publicly post an ethics plan before the election. That bipartisan law was born in part out of concerns about ethical issues during the first Trump administration. WHAT ARE THE CONSEQUENCES? The president is exempted from conflict of interest laws because he oversees too many areas to make enforcement practical, ethics experts said. The system relies on a president's good-faith effort to separate his personal interests from the country's when he takes office. However the Supreme Court's ruling this year that Trump, as a former president, is immune from prosecution for official acts within his constitutional authority while in the White House, raised questions about the norms. WHAT ASSETS DOES TRUMP HAVE? Trump has a stake valued at $3.76 billion in Trump Media & Technology Group, as well as stakes in a cryptocurrency business, real estate properties and several foreign deals. The family real estate company, now run largely by Eric Trump, owns a portfolio of hotels, golf courses, resorts and New York City office space, retail operations and condominiums. WHAT ABOUT SECURITY CLEARANCES? The Trump transition team has not entered into a memorandum of understanding with the Department of Justice to allow the FBI to conduct background checks of nominees, and it hasn't sent the FBI the names of prospective national security personnel who would have access to classified information, one of the sources said. The transition is reportedly using private firms to vet candidates, leaving open the possibility that federal law enforcement may never properly review Trump appointees. Circumventing background checks would be bucking a long-established norm in Washington, but the president has the final authority on whom he nominates and picks to conduct background checks. WHAT DID TRUMP DO THE LAST TIME? In 2017, Trump said he would place his business interests in a trust controlled by his two oldest sons and take other steps to remove any suggestion of a conflict of interest with his decisions as president. Still, Trump repeatedly came under fire from the Office of Government Ethics, responsible for oversight, for potential conflicts of interest relating to his businesses and brands. The government's top ethics official, Walter Shaub, resigned and criticized the president six months after Trump entered office. WHAT DO ETHICS EXPERTS SAY? Trump could operate with little or no ethics oversight during his second four-year term, making conflicts of interest more possible. It also opens up new ways for foreign interests and corporations to attempt to influence him and his administration's policy by pouring money into his businesses. At the end of his first term, at least 20 governments, including Saudi Arabia and China, collectively spent more than $7.8 million at his hotels and golf courses, according to a report compiled by congressional Democrats. It also severely affects the public's trust in government, watchdog groups say. Public trust in government hit some of the lowest levels in over 60 years during Trump's last administration, when only 17% of Americans trusted the government to do what was right. (Reporting by Nandita Bose in Washington; Editing by Heather Timmons and Jonathan Oatis)
NEW HOPE, Pa. — Dayle Haddon, an actor, activist and trailblazing former “Sports Illustrated” model who pushed back against age discrimination by reentering the industry as a widow, has died in a Pennsylvania home from what authorities believe was carbon monoxide poisoning. Authorities in Bucks County found Haddon, 76, dead in a second-floor bedroom Friday morning after emergency dispatchers were notified about a person unconscious at the Solebury Township home. A 76-year-old man police later identified as Walter J. Blucas of Erie was hospitalized in critical condition. Responders detected a high level of carbon monoxide in the property and township police said Saturday that investigators determined that “a faulty flue and exhaust pipe on a gas heating system caused the carbon monoxide leak.” Two medics were taken to a hospital for carbon monoxide exposure and a police officer was treated at the scene. As a model, Haddon appeared on the covers of Vogue, Cosmopolitan, Elle and Esquire in the 1970s and 1980s, as well as the 1973 Sports Illustrated swimsuit issue. She also appeared in about two dozen films from the 1970s to 1990s, according to IMDb.com , including 1994’s “Bullets Over Broadway,” starring John Cusack. Haddon left modeling after giving birth to her daughter, Ryan, in the mid-1970s, but then had to reenter the workforce after her husband's 1991 death. This time she found the modeling industry far less friendly: “They said to me, ‘At 38, you’re not viable,’” Haddon told The New York Times in 2003. Working a menial job at an advertising agency, Haddon began reaching out to cosmetic companies, telling them there was a growing market to sell beauty products to aging baby boomers. She eventually landed a contract with Clairol, followed by Estée Lauder and then L’Oreal, for which she promoted the company's anti-aging products for more than a decade. She also hosted beauty segments for CBS’s “The Early Show.” "I kept modeling, but in a different way," she told The Times, “I became a spokesperson for my age.” In 2008, Haddon founded WomenOne, an organization aimed at advancing educational opportunities for girls and women in marginalized communities, including Rwanda, Haiti and Jordan.' Haddon was born in Toronto and began modeling as a teenager to pay for ballet classes — she began her career with the Canadian ballet company Les Grands Ballet Canadiens, according to her website . Haddon's daughter, Ryan, said in a social media post that her mother was “everyone’s greatest champion. An inspiration to many.” “A pure heart. A rich inner life. Touching so many lives. A life well lived. Rest in Light, Mom,” she said.Bilawal introduces new element in the national debate PPP Chairman Bilawal Bhutto Zardari has introduced a new element in the national debate by claiming that the USA was backing the release of jailed PTI founder Imran Khan so as to bring to office someone who would help reverse Pakistan’s nuclear technology. It does provide an anti-PTI explanation of why the USA might wish to get Mr Khan, though it raises a number of other questions. Mr Bhutto Zardari referred, while speaking at the commemoration of the 17th death anniversary of his mother Benazir Bhutto at Garhi Khuda Bakhsh, to the role of both his grandfather Zulfikar Ali Bhutto and mother Benazir in building Pakistan’s nuclear weapon. He made no mention of the actual test of the weapon, in 1998, when the present PM’s elder brother was PM. The supposed enmity of Mr Khan towards the country’s interests, including the nuclear and missile programmes, is assumed by his opponents, but there has been no real response, until now, of why elements in the USA, including incoming members of the Trump Administration, were speaking up about how Mr Khan should be released. It appears that it was not enough for the PTI to be accused of spending vast sums on lobbyists, but that it was necessary to provide a reason for Mr Khan’s release. Mr Bhutto Zardari has obliged, with a reason in addition to the one about Mr Khan being complicit in the Indian abolition through a combination of Mr Trump and Indian PM Narendra Modi. Mr Bhutto Zardari and other Pakistani politicians, including Mr Khan himself, must be wary of flinging around this charge so casually that its currency becomes debased, much as it is no longer believed if any politician is accused by an opponent of treason. While what Mr Bhutto Zardari said requires a great deal of evidence to be believed, the tale he tells hangs together, and Mr Khan’s supporters cannot dismiss it as beyond belief. It also provides a motive for his driving the economy into the ground, because that would provide the reason for abandoning the nuclear and weapons programme. Mr Bhutto Zardari also has an uphill task, and must produce the evidence for his charge, which is a serious one. If he does not, he will be guilty of the kind of casual flinging out of accusations without basis that he and so many others accuse the PTI of doing. Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );
:Australian bourse operator ASX said on Tuesday it aimed to implement the second phase of its clearing and settlement software overhaul by 2029, with projected costs ranging between A$270 million ($175.61 million) and A$320 million. ASX added that it was working towards the delivery of the first release - the clearing service - in 2026, with costs currently expected to be at the upper end of the previously estimated A$105 million to A$125 million range. The company's shares fell as much as 4 per cent by 0006 GMT, making ASX one of the top losers in the benchmark index, which was down 0.3 per cent. ASX had been looking to replace its aging all-in-one Clearing House Electronic Subregister System (CHESS) software using blockchain-based technology but abandoned the overhaul in November 2022, six years after it was announced, citing concerns about the product's complexity and scalability. Last year, ASX had hired Tata Consultancy Services to overhaul the CHESS software, opting for a more cautious, two-stage product-based route that would require less customisation. ASX said the 2029 timeline for the second phase, which includes the settlement and sub-register services, was decided after "extensive industry consultation" and will allow time for readiness activities. The update comes amid a lawsuit filed by the Australian Securities and Investments Commission (ASIC) accusing ASX of telling the public that the initial upgrade of its clearing and settlement platform was on track when it was beset with delays. The regulator is seeking an unspecified fine and the company has filed its defense in the proceedings. The higher staffing costs to support regulatory commitments also pushed up the exchange operator's expenses by nearly 15 per cent in fiscal 2024, leading to a lower-than-expected underlying profit. ($1 = 1.5375 Australian dollars)