Opinion editor’s note: Strib Voices publishes a mix of guest commentaries online and in print each day. To contribute, click here . ••• When my son Alec passed away after rationing his insulin, my world shattered. Alec, like many people with diabetes, found himself stuck in a cycle of soaring insulin prices. With insurance, he was paying hundreds of dollars monthly for insulin. Without insurance, the cost of that monthly supply jumped to $1,300. The sky-high price forced Alec to stretch out his doses, and less than a week later, he died from diabetic ketoacidosis. Tragically, Alec wasn’t alone. As I shared his story with local news stations and reached out through social media, I was flooded with responses from others in similar situations — people rationing insulin, resorting to desperate measures to survive. I learned of individuals traveling to Canada or Mexico to buy insulin more affordably or meeting strangers in back alleys to exchange lifesaving supplies. It was a heartbreaking realization: Alec’s death was part of a much larger crisis. When state Sen. Erin Murphy, herself a nurse, heard Alec’s story, she reached out. She wanted to help, and together we discussed the importance of an emergency insulin affordability program that could prevent future deaths due to rationing. In testimony before Minnesota’s Health and Human Services Committee, I shared Alec’s story, and the support was overwhelming. Sen. Michael Howard also stepped forward, motivated to make a difference as he ran for office. Working alongside Gov. Tim Walz, they championed what would become the Alec Smith Insulin Affordability Act, turning a vision into reality. The legislation established the Minnesota Insulin Safety Net Program, which has since provided relief to countless Minnesotans. The program allows individuals in need of insulin to access a 30-day emergency supply through their pharmacy and, more importantly, gives them a path to longer-term assistance. The continuing-need branch of the program allows eligible Minnesotans who cannot afford their insulin on an ongoing basis to receive a 90-day supply for no more than $50. As we approach the new year, the need for this program is particularly high. Individuals with high-deductible health insurance plans may face hundreds of dollars in out-of-pocket costs for their prescribed insulin in the first several months of the year. The Insulin Safety Net Program can be a lifeline, helping them afford insulin before they meet their deductible. Additionally, many Minnesotans are traveling to see loved ones during the holidays and battling extreme weather, creating more possibilities for a vial to be left at home, spoil in excessive cold or shatter while on the go. The urgent-need program offers a life-saving option in potential emergency situations. We’ve made significant strides in Minnesota, but no one should have to cross state lines or choose between survival and financial ruin for a medication they depend on daily. Access to insulin should never be a privilege — it must be a guarantee. We need to honor the life Alec lived and ensure the pain of our loss drives meaningful, lasting change for everyone who relies on insulin. Minnesotans have access to an innovative solution, and it’s up to all of us to ensure the program reaches those who need it most. This holiday season, take a moment to share this vital resource with friends, family and neighbors. Ask if they are familiar with the Insulin Safety Net Program and encourage them to spread the word. Every conversation has the potential to create change and, ultimately, save a life. Together, we can make access to insulin a reality for all. Nicole Smith-Holt lives in the Minneapolis area and is a mother of four. She became a policy advocate for insulin access and affordability after the death of her son Alec in 2017. She serves as a co-chair of the Minnesota Advisory Task Force on Lowering Pharmaceutical Drug Prices and is part of the Founder’s Council for United States of Care.
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Shares of Super Micro Computer rose sharply Monday, as the data center technology AI powerhouse appeared to recover from recent heavy losses. SMCI stock surged 15.9% to close at 38.41, as the stock reclaimed its 50-day average. It was a clear a sign that the company has rebounded from setbacks that sent SMCI stock crashing, one analyst said. "I think they're back," Ray Wang, founder and principal analyst at Constellation Research, told Investor's Business Daily. SMCI Stock: Investors Get Spooked Supermicro stock started crashing over the past months on a series of news events that spooked the data center technology company's investors. The shares fell sharply in late August after the company announced that following a prominent short-seller's allegations accusing SMCI of accounting irregularities. Then SMCI stock plummeted in late October when the company . The company then reeled from speculation that from the Nasdaq. After that, things started looking up. The stock rallied in mid-November after Supermicro . The stock has been climbing since then, posting gains in six of the last seven trading days. 'They've Been So Battered Down' "They've been so battered down," Wang told IBD. "I think the accounting issues are resolved so people are less worried." The accounting worries hit what has been one of the highflier in the AI craze. Supermicro quickly emerged as one of the main beneficiaries of the AI juggernaut, together with companies like Nvidia, Microsoft and Google. "If you're just trying to figure out derivatives on AI and Nvidia growth, Supermicro is going to be one of the winners," Wang said. "If you're a portfolio manager and you're looking at AI stocks to go after, you're going to want to look at Supermicro." Supermicro's woes . Dell stock rallied during times when bad news hit SMCI. Make no mistake, Super Micro isn't just Dell's competitor — it's "the" competitor for AI servers, Melius Research analyst Ben Reitzes told clients in a Nov. 4 note. "Boy was it one of the big winners" when Super Micro's auditor resigned he said. The impact of Supermicro's recent problems on Dell should become clearer Tuesday when the tech giant reports quarterly results.
US coach Emma Hayes admits to anthem uncertainty ahead of England stalemateCHICAGO, Nov. 25, 2024 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech” or the “Company”), the carbon recycling company transforming above-ground carbon into sustainable fuels, chemicals, materials, and protein, today announced the appointment of Thierry Pilenko, former Executive Chairman of TechnipFMC plc (“TechnipFMC”), to its Board of Directors. With more than 40 years of experience in the energy and industrial sectors, Pilenko brings invaluable expertise and leadership related to large-scale infrastructure development, technology deployment, and profitable growth. Pilenko’s extensive experience and industry acumen are expected to provide valuable guidance as LanzaTech advances the commercial deployment of its technology and accelerates its timeline to profitability. “We are thrilled to welcome Thierry to our Board of Directors,” said LanzaTech Chair and CEO Dr. Jennifer Holmgren. “His proven track record of deploying innovative technologies and driving large-scale infrastructure projects will bring key insights as we execute LanzaTech’s ambitious growth strategy. Thierry spent the first 20 years of his career with Schlumberger Limited, deploying technologies on five continents. He then continued on to become a seasoned public company executive who successfully led TechnipFMC, Technip, and Veritas DGC. Throughout his exceptional career, Thierry developed a deep understanding of the global industrial landscape and the evolving competitive dynamics of the energy industry and the energy transition. Thierry’s operational leadership in global, complex and capital-intensive industries is central to advancing our mission to provide resilient, reliable technology that advances above-ground carbon recycling and produces commercial-scale ethanol that can be used in a wide range of applications, including sustainable aviation fuel.” During his tenure as Executive Chairman of TechnipFMC, and Chairman and CEO of Technip, Thierry led a large global team delivering energy solutions across 45 countries and was pivotal in overseeing Technip’s transformation and merger with FMC Technologies. This merger demonstrated the power of integration to significantly reduce costs and improve economics of large-scale projects while reducing corporate overhead costs. Under Pilenko’s leadership, Technip successfully executed landmark projects such as Shell’s $12 billion Prelude floating LNG facility and the $20+ billion Yamal LNG project. “It is an honor to join LanzaTech’s Board of Directors and contribute to the company’s pioneering and commercially proven carbon management solution,” said Pilenko. “Having spent my career in the energy sector, I understand the critical importance of deploying replicable technology solutions and know first-hand what it takes to successfully put steel in the ground and achieve desired returns. LanzaTech’s innovative approach to carbon reuse offers a unique and proven solution that will have a substantial impact on the energy transition. I am deeply committed to advancing these technologies and ensuring their widespread adoption for a more sustainable future.” In addition to joining LanzaTech’s Board, Pilenko currently serves on the boards of Arkema, a leading specialty materials company, and Trident Energy, an oil and gas production company. He is also the Board Chair of Rely, a green hydrogen-focused joint venture, and a co-founder of P6 Technologies, a SaaS platform for carbon lifecycle analysis. The appointment of Pilenko as an independent director increases LanzaTech’s board of directors to seven members, filling a previously vacant seat and further strengthening the Company’s corporate governance. About LanzaTech LanzaTech Global, Inc. (NASDAQ: LNZA) is the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, materials, and protein for everyday products. Using its biorecycling technology, LanzaTech captures carbon generated by energy-intensive industries at the source, preventing it from being emitted into the air. LanzaTech then gives that captured carbon a new life as a clean replacement for virgin fossil carbon in everything from household cleaners and clothing fibers to packaging and fuels. By partnering with companies across the global supply chain like ArcelorMittal, Coty, Craghoppers, REI, and LanzaJet, LanzaTech is paving the way for a circular carbon economy. For more information about LanzaTech, visit https://lanzatech.com. Forward Looking Statements This press release includes forward-looking statements regarding, among other things, the plans, strategies, and prospects, both business and financial, of LanzaTech. These statements are based on the beliefs, assumptions, projections and conclusions of LanzaTech’s management. Forward-looking statements are inherently subject to risks, uncertainties and assumptions, many of which are outside LanzaTech’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. LanzaTech cannot assure you that it will achieve or realize these plans, intentions or expectations. Forward-looking statements are not guarantees of future performance, conditions or results, and you should not rely on forward-looking statements. Generally, statements that are not historical facts, including those concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends” or similar expressions. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: timing delays in the advancement of projects to the final investment decision stage or into construction; failure by customers to adopt new technologies and platforms; fluctuations in the availability and cost of feedstocks and other process inputs; the availability and continuation of government funding and support; broader economic conditions, including inflation, interest rates, supply chain disruptions, employment conditions, and competitive pressures; unforeseen technical, regulatory, or commercial challenges in scaling proprietary technologies, business functions or operational disruptions; and other economic, business, or competitive factors, and other risks and uncertainties, including the risk factors and other information contained in LanzaTech’s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q, as well as other existing and future filings with the U.S. Securities and Exchange Commission. Any forward-looking statement herein is based only on information currently available to LanzaTech and speaks only as of the date on which it is made. LanzaTech undertakes no obligations to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Investor Relations Kate Walsh VP, Investor Relations & Tax Investor.Relations@lanzatech.com Media Relations Kit McDonnell Director of Communications press@lanzatech.comWhy Goldman Sachs is bullish on these ASX 200 shares
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NEW YORK — U.S. stocks climbed Thursday after market superstar Nvidia and other companies said they’re making even fatter profits than expected. The Standard & Poor’s 500 closed 0.5% higher after flipping between gains and losses several times during Thursday trading. Banks, smaller companies and other areas of the stock market that tend to do best when the economy is strong helped lead the way, and bitcoin briefly broke above $99,000. Crude oil, meanwhile, continued to rise. The Dow Jones industrial average jumped 1.1%, and the Nasdaq composite edged up less than 0.1%. Nvidia rose just 0.5% after beating analysts’ estimates for profit and revenue yet again, but it was still the strongest force pulling the S&P 500 upward. It also gave a forecast for revenue in the current quarter that topped most analysts’ expectations due to voracious demand for its chips used in artificial-intelligence technology. Its stock initially sank in after-hours trading Wednesday after the release of the results. Some investors said the market might have been looking for Nvidia’s revenue forecast to surpass expectations by even more. But its stock recovered in premarket trading Thursday, and Wedbush analyst Dan Ives said it was another flawless profit report from Nvidia and Chief Executive Jensen Huang, whom Ives calls “the Godfather of AI.” The stock meandered through Thursday as well, dragging the S&P 500 and other indexes up and down. How Nvidia’s stock performs has greater effect than any other because it’s grown into Wall Street’s most valuable company at roughly $3.6 trillion. The frenzy around AI is sweeping up other stocks, and Snowflake jumped 32.7% after reporting stronger results for the latest quarter than analysts expected. The company, whose platform helps customers get a better view of all their silos of data and use AI, also reported stronger-than-expected revenue growth. BJ’S Wholesale Club rose 8.3% after likewise delivering a bigger profit than expected. That may help calm worries about how resilient U.S. shoppers can remain, given high prices across the economy and still-high interest rates. A day earlier, Target tumbled after reporting sluggish sales in the latest quarter and giving a dour forecast for the holiday shopping season. It followed Walmart, which gave a much more encouraging outlook. Nearly 90% of the stocks in the S&P 500 ended up rising Thursday, and the gains were even bigger among smaller companies. The Russell 2000 index of smaller stocks jumped a market-leading 1.7%. Google’s parent company, Alphabet, helped keep indexes in check. It fell 4.7% after U.S. regulators asked a judge to break up the tech giant by forcing it to sell its industry-leading Chrome web browser. In a 23-page document filed late Wednesday, the U.S. Department of Justice called for sweeping punishments that would include restrictions preventing Android from favoring its own search engine. Regulators stopped short of demanding that Google sell Android but left the door open to it if the company’s oversight committee continues to see evidence of misconduct. All told, the S&P 500 rose 31.60 points to 5,948.71. The Dow jumped 461.88 points to 43,870.35, and the Nasdaq composite edged up 6.28 points to 18,972.42. In the crypto market, bitcoin eclipsed $99,000 for the first time before pulling back toward $98,000, according to CoinDesk. It’s more than doubled so far this year, and its climb has accelerated since election day. President-elect Donald Trump has pledged to make the country “the crypto capital of the planet” and create a “strategic reserve” of bitcoin. Bitcoin got a further boost after Gary Gensler, chair of the Securities and Exchange Commission, said Thursday he would step down in January. Gensler has pushed for more protections for crypto investors. Bitcoin and related investments have a notorious history of big price swings in both directions. MicroStrategy, a company that’s been raising cash expressly to buy bitcoin, saw an early Thursday gain of 14.6% quickly disappear. It finished the day with a loss of 16.2%. In the oil market, a barrel of benchmark U.S. crude rose 2% to bring its gain for the week to 4.8%. Brent crude, the international standard, climbed 1.8%. Oil has been rising amid escalations in the Russia-Ukraine war. In stock markets abroad, shares of India’s Adani Enterprises plunged 22.6% on Thursday after the U.S. charged founder Gautam Adani in a federal indictment with securities fraud and conspiracy to commit securities and wire fraud. The businessman and one of the world’s richest people is accused of concealing that his company’s huge solar energy project on the subcontinent was being facilitated by an alleged bribery scheme. Stock indexes elsewhere in Asia and Europe were mixed. In the bond market, the yield on the 10-year Treasury edged up to 4.43% from 4.41% late Wednesday after some mixed reports on the U.S. economy. One said fewer U.S. workers applied for unemployment benefits last week in the latest signal that the job market remains solid. Another report, though, said manufacturing in the mid-Atlantic region unexpectedly shrank. Sales of previously occupied homes, meanwhile, strengthened last month by more than expected. Choe writes for the Associated Press. AP writers Matt Ott and Yuri Kageyama contributed to this report.Zoom Video Communications lifts full-year guidance after Q3 results top estimates