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HAMILTON, Bermuda--(BUSINESS WIRE)--Dec 26, 2024-- Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) today announced that it has completed the sale of the jack-up rig West Prospero for cash proceeds of $45 million. “With the sale of the West Prospero , we have monetized a non-core asset that has been stacked since 2016 and successfully executed on our strategy to exit the benign jack-up market,” said President and Chief Executive Officer, Simon Johnson. About Seadrill Seadrill is setting the standard in deepwater oil and gas drilling. With its modern fleet, experienced crews, and advanced technologies, Seadrill safely, efficiently, and responsibly unlocks oil and gas resources for national, integrated, and independent oil companies. For further information, visit www.seadrill.com . Forward-Looking Statements This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this news release, including, without limitation, those regarding the Company’s plans, strategies, business prospects and rig activity, including with respect to backlog and contract commencement dates and durations, impact on earnings and free cash flow and changes and trends in its business and the markets in which it operates, are forward-looking statements. These statements may include words such as “assumes”, “projects”, “forecasts”, “estimates”, “expects”, “anticipates”, “believes”, “plans”, “intends”, “may”, “might”, “will”, “would”, “can”, “could”, “should” or, in each case, their negative, or other variations or comparable terminology in connection with any discussion of the timing or nature of future operating or financial performance or other events. These statements are based on management’s current plans, expectations, assumptions and beliefs concerning future events impacting the Company and therefore involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: those described under Item 3D “Risk Factors” in the Company’s Annual Report on Form 20-F for the year ended December 31, 2023, filed with the U.S. Securities and Exchange Commission (“SEC”) on March 27, 2024, offshore drilling market conditions, including supply and demand, day rates, customer drilling programs and effects of new or reactivated rigs on the market, fluctuations in the international price of oil, international financial market conditions, inflation, changes in governmental regulations that affect the Company or the operations of the Company’s fleet, the review of competition authorities, the impact of global economic conditions and global health threats, pandemics and epidemics, political and other uncertainties, including those related to the conflicts in Ukraine and the Middle East, and any related sanctions, fluctuations in interest rates or exchange rates and currency devaluations relating to foreign or U.S. monetary policy, tax matters, changes in tax laws, treaties and regulations, legal and regulatory matters in the jurisdictions in which we operate, customs and environmental matters, the potential impacts on our business resulting from decarbonization and emissions legislation and regulations, the impact on our business from climate-change generally, the occurrence of cybersecurity incidents, attacks or other breaches to our information technology systems, including our rig operating systems, and other important factors described from time to time in the reports filed or furnished by us with the SEC. The foregoing risks and uncertainties are beyond our ability to control, and in many cases, we cannot predict the risks and uncertainties that could cause our actual results to differ materially from those indicated by the forward-looking statements. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. All subsequent written and oral forward-looking statements attributable to us or to persons acting on our behalf are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement. We expressly disclaim any obligations or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in our expectations or beliefs with regard to the statement or any change in events, conditions or circumstances on which any forward-looking statement is based, except as required by law. Investors should note that we announce material financial information in SEC filings, press releases and public conference calls. Based on guidance from the SEC, we may use the Investors section of our website ( www.seadrill.com ) to communicate with investors. It is possible that the financial and other information posted there could be deemed to be material information. The information on our website is not part of, and is not incorporated into, this news release. View source version on businesswire.com : https://www.businesswire.com/news/home/20241227268598/en/ CONTACT: Kevin Smith Vice President – Corporate Finance and Investor Relations ir@seadrill.com KEYWORD: BERMUDA CARIBBEAN INDUSTRY KEYWORD: OIL/GAS ENERGY SOURCE: Seadrill Limited Copyright Business Wire 2024. PUB: 12/26/2024 04:05 PM/DISC: 12/26/2024 04:06 PM http://www.businesswire.com/news/home/20241227268598/enQuarterbacks in spotlight when No. 6 Miami visits Syracuse
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The Denver Nuggets are struggling to show effort consistently in their games. Despite winning five of their last seven games, their effort is a coin flip. In that span, they have good wins and bad losses. The only consistency seems to be that they have played to the level of their opponent. They struggled heavily in games against the New Orleans Pelicans and Portland Trail Blazers while cruising to blowout victories against the Atlanta Hawks, Phoenix Suns, and Los Angeles Clippers. In three days, they won against the Suns by 27 and also lost to them by 10. Their consistency levels are not present enough for a team wanting to win another championship. Denver Nuggets Struggle to Bring Effort Consistently Not Taking Bad Teams Seriously Starting the season 16-12 puts the Nuggets in fifth-place at the moment in a tough Western Conference. In a competitive conference, winning games against bad teams can be crucial for seeding. Home court advantage plays a large role in the playoffs. With over 50 games left to play, early losses can haunt teams. The Nuggets have not taken advantage of beating inferior teams this season. Throughout the season thus far, they have approached games against teams under .500 with lower intensity. The Nuggets have won by 20 or more points against five teams, four of which are .500 or above on the season. They have losses to the Pelicans, Trail Blazers, and Washington Wizards, who averaged 116.3 points per game in their wins against the Nuggets. The Nuggets are 7-3 against teams below .500, but their losses are glaring, and their wins over bad teams do not come impressively. Outside of their two blowout victories over the Utah Jazz, the Nuggets have a +2.6 point differential across their five other wins. Having a dominant clutch duo is saving the Nuggets against poor teams. Denver Nuggets Offense Not Always Giving Full Effort What is most shocking about the Nuggets’ mediocre start to the season is their massive disparity in offensive effort between wins and losses. In wins, the Nuggets average 127.0 points per game , 4.3 points higher than the Memphis Grizzlies, the highest-scoring offense in the NBA. In their losses, the Nuggets only average 108.5 points per game, slightly more than the 25th-best offense in the NBA. Teams play worse in their losses than in their wins, but a 20-point swing in points per game is a significant margin. Their poor shooting splits highlight their massive swing in points per game. The Nuggets’ efficiency between wins and losses is glaring. Their field goal percentage is 6.5% higher in wins, three-point percentage is 8.3% higher, and free-throw percentage is 3.1% higher. With splits as significant as the Nuggets, it is no surprise they have struggled to pull off a winning streak longer than three games. Inconsistent Supporting Cast Nikola Jokić is having a stellar season. He is at the forefront of the early MVP race . His season includes averaging 30.7 points, 12.6 rebounds, 9.4 assists and 1.7 steals per game. He is the only player in the top 10 in all four categories. Despite his ridiculous start, the Nuggets have only won 16 games. With the team needing Jokić to perform at the highest level every night, it shows how poorly their supporting cast has played. Jamal Murray has shown flashes of greatness, but has been inconsistent and is shooting poorly . There have been trade rumors surrounding Michael Porter Jr. Injuries have kept Aaron Gordon from getting the ball rolling. The biggest positive in the supporting cast has been the infectious energy and effort of former MVP Russell Westbrook , who has revitalized his career. The Nuggets supporting cast has been unreliable since starting the season. Of the eight Nuggets averaging 20 minutes per game or more, every player outside Jokić averages fewer points per game average in losses than wins. Consistency from role players takes a team from good to great. It can be the difference between a deep playoff run and a championship. For the Nuggets to contend, they need consistent, reliable players beyond Jokić. This article first appeared on Last Word On Sports and was syndicated with permission.The Future Has Wheels. Meet the GoMate
The people that president-elect Donald Trump has selected to lead federal health agencies in his second administration include a retired congressman, a surgeon and a former talk-show host. All of them could play pivotal roles in fulfilling a new political agenda that could change how the government goes about safeguarding Americans' health — from health care and medicines to food safety and science research. And if Congress approves, at the helm of the team as Department of Health and Human Services secretary will be prominent environmental lawyer and anti-vaccine organizer Robert F. Kennedy Jr. By and large, the nominees don't have experience running large bureaucratic agencies, but they know how to talk about health on TV . Centers for Medicare and Medicaid pick Dr. Mehmet Oz hosted a talk show for 13 years and is a well-known wellness and lifestyle influencer. The pick for the Food and Drug Administration, Dr. Marty Makary, and for surgeon general, Dr. Janette Nesheiwat, are frequent Fox News contributors. Many on the list were critical of COVID-19 measures like masking and booster vaccinations for young people. Some of them have ties to Florida like many of Trump's other Cabinet nominees: CDC pick Dr. Dave Weldon represented the state in Congress for 14 years and is affiliated with a medical group on the state's Atlantic coast. Nesheiwat's brother-in-law is Rep. Mike Waltz , R-Fla., tapped by Trump as national security adviser. Here's a look at the nominees' potential role in carrying out what Kennedy says is the task to “reorganize” agencies, which have an overall $1.7 billion budget; employ 80,000 scientists, researchers, doctors and other officials; and affect the lives of all Americans. Centers for Disease Control and Prevention The Atlanta-based CDC, with a $9.2 billion core budget, is charged with protecting Americans from disease outbreaks and other public health threats. Kennedy has long attacked vaccines and criticized the CDC, repeatedly alleging corruption at the agency. He said on a 2023 podcast that there is "no vaccine that is safe and effective,” and urged people to resist the CDC's guidelines on if and when kids should get vaccinated . Decades ago, Kennedy found common ground with Weldon , the 71-year-old nominee to run the CDC who served in the Army and worked as an internal medicine doctor before he represented a central Florida congressional district from 1995 to 2009. Starting in the early 2000s, Weldon had a prominent part in a debate about whether there was a relationship between a vaccine preservative called thimerosal and autism. He was a founding member of the Congressional Autism Caucus and tried to ban thimerosal from all vaccines. Kennedy, then a senior attorney for the Natural Resources Defense Council, believed there was a tie between thimerosal and autism and also charged that the government hid documents showing the danger. Since 2001, all vaccines manufactured for the U.S. market and routinely recommended for children 6 years or younger have contained no thimerosal or only trace amounts, with the exception of inactivated influenza vaccine. Meanwhile, study after study after study found no evidence that thimerosal caused autism. Weldon's congressional voting record suggests he may go along with Republican efforts to downsize the CDC, including to eliminate the National Center for Injury Prevention and Control, which works on topics like drownings, drug overdoses and shooting deaths. Weldon also voted to ban federal funding for needle-exchange programs as an approach to reduce overdoses, and the National Rifle Association gave him an “A” rating for his pro-gun rights voting record. Food and Drug Administration Kennedy is extremely critical of the FDA, which has 18,000 employees and is responsible for the safety and effectiveness of prescription drugs, vaccines and other medical products — as well as overseeing cosmetics, electronic cigarettes and most foods. Makary, Trump’s pick to run the FDA, is closely aligned with Kennedy on several topics . The professor at Johns Hopkins University who is a trained surgeon and cancer specialist has decried the overprescribing of drugs, the use of pesticides on foods and the undue influence of pharmaceutical and insurance companies over doctors and government regulators. Kennedy has suggested he'll clear our “entire” FDA departments and also recently threatened to fire FDA employees for “aggressive suppression” of a host of unsubstantiated products and therapies, including stem cells, raw milk , psychedelics and discredited COVID-era treatments like ivermectin and hydroxychloroquine. Makary's contrarian views during the COVID-19 pandemic including the need for masking and giving young kids COVID vaccine boosters. But anything Makary and Kennedy might want to do when it comes to unwinding FDA regulations or revoking long-standing vaccine and drug approvals would be challenging. The agency has lengthy requirements for removing medicines from the market, which are based on federal laws passed by Congress. Centers for Medicaid and Medicare Services The agency provides health care coverage for more than 160 million people through Medicaid, Medicare and the Affordable Care Act, and also sets Medicare payment rates for hospitals, doctors and other providers. With a $1.1 trillion budget and more than 6,000 employees, Oz has a massive agency to run if confirmed — and an agency that Kennedy hasn't talked about much when it comes to his plans. While Trump tried to scrap the Affordable Care Act in his first term, Kennedy has not taken aim at it yet. But he has been critical of Medicaid and Medicare for covering expensive weight-loss drugs — though they're not widely covered by either . Trump said during his campaign that he would protect Medicare, which provides insurance for older Americans. Oz has endorsed expanding Medicare Advantage — a privately run version of Medicare that is popular but also a source of widespread fraud — in an AARP questionnaire during his failed 2022 bid for a U.S. Senate seat in Pennsylvania and in a 2020 Forbes op-ed with a former Kaiser Permanente CEO. Oz also said in a Washington Examiner op-ed with three co-writers that aging healthier and living longer could help fix the U.S. budget deficit because people would work longer and add more to the gross domestic product. Neither Trump nor Kennedy have said much about Medicaid, the insurance program for low-income Americans. Trump's first administration reshaped the program by allowing states to introduce work requirements for recipients. Surgeon general Kennedy doesn't appear to have said much publicly about what he'd like to see from surgeon general position, which is the nation's top doctor and oversees 6,000 U.S. Public Health Service Corps members. The surgeon general has little administrative power, but can be an influential government spokesperson on what counts as a public health danger and what to do about it — suggesting things like warning labels for products and issuing advisories. The current surgeon general, Vivek Murthy, declared gun violence as a public health crisis in June. Trump's pick, Nesheiwat, is employed as a New York City medical director with CityMD, a group of urgent care facilities in the New York and New Jersey area, and has been at City MD for 12 years. She also has appeared on Fox News and other TV shows, authored a book on the “transformative power of prayer” in her medical career and endorses a brand of vitamin supplements. She encouraged COVID-19 vaccines during the pandemic, calling them “a gift from God” in a February 2021 Fox News op-ed, as well as anti-viral pills like Paxlovid. In a 2019 Q&A with the Women in Medicine Legacy Foundation , Nesheiwat said she is a “firm believer in preventive medicine” and “can give a dissertation on hand-washing alone.” National Institutes of Health As of Saturday, Trump had not yet named his choice to lead the National Institutes of Health, which funds medical research through grants to researchers across the nation and conducts its own research. It has a $48 billion budget. Kennedy has said he'd pause drug development and infectious disease research to shift the focus to chronic diseases. He'd like to keep NIH funding from researchers with conflicts of interest, and criticized the agency in 2017 for what he said was not doing enough research into the role of vaccines in autism — an idea that has long been debunked . Associated Press writers Amanda Seitz and Matt Perrone and AP editor Erica Hunzinger contributed to this report. The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Science and Educational Media Group and the Robert Wood Johnson Foundation. The AP is solely responsible for all content.Illinois St. 84, UAB 83
Decisive votes against extending President Joe Biden’s nominee to the National Labor Relations Board by two outgoing independent senators provoked an immediate stream of reaction Wednesday from political observers across social media. The internet began to chime in after it became clear that Sen. Joe Manchin (I-WV) and Sen. Kyrsten Sinema (I-AZ) effectively cost Democrats control of the labor board through 2026 with their “no” votes. “Joe Manchin and Kyrsten Sinema just delivered a crushing blow to the labor agenda,” Democratic strategist Chris Jackson wrote in a social media post . “Their votes effectively hand Donald Trump the keys to the board the moment he takes office again. This is a betrayal of working families — and a gift to corporate interests, which is par for the course for these two.” X user Alex Guiden, a Media Matters analyst, shared a similar opinion. ALSO READ: Agenda 47: Alarm sounded about Trump’s dystopian plans for his second term “Joe Manchin and Kyrsten Sinema just voted against Biden’s #NLRB nominee, blocking Democrats from securing control of the labor board through 2026," he wrote . "Their betrayal hands Trump control of the NLRB at the expense of working people. They should be ashamed." “If you want to know why Democrats have lost ground with unions and lost the working class look no further than Democrats like Manchin and Sinema,” Jared Schablein added to his followers . But while many Democrats seethed over the latest uproar stirred up by the two Democratic-turned-independent senators who have remained a thorn in the side of their former party, Republicans weren’t nearly as distraught. “Great news!! Senators Joe Manchin and Kyrsten Sinema blocked Democrat activist Lauren McFerran’s re-nomination to the National Labor Relations Board,” far-right activist Charlie Kirk wrote to his followers on X . “Trump and the Republican controlled Senate will now be able to confirm two nominees to the board, giving them a one-seat advantage.” Kirk added that the NLRB “is massively important as it settles disputes between big business and labor unions.” Greg Price, a Trump 2024 deputy rapid response director, also noted that Democrats would have controlled the NLRB if the two senators had voted for Biden's nominee. He added to his social media followers : “Now Donald Trump will appoint her replacement.” “Good,” said X user Jennifer Grady, who while critical of both Manchin and Sinema, also criticized the Democratic Party in her post. “People need to feel it. Talking is not working.”Dozens of drones trailed a Coast Guard vessel off New Jersey: US lawmaker
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“We’re aware of the civil allegations and Jay-Z’s really strong response to that,” NFL (National Football League) commissioner Roger Goodell said on Wednesday after the conclusion of the league’s winter meetings. “We know the litigation is happening now. From our standpoint, our relationship is not changing with them, including our preparations for the next Super Bowl.” A woman who previously sued musician Sean “Diddy” Combs, alleging she was raped at an awards show after-party in 2000 when she was 13 years old, amended the lawsuit on Sunday to include a new allegation that Jay-Z was also at the party and participated in the sexual assault. Jay-Z, real name Shawn Carter, said the rape allegation made against him is part of an extortion attempt. The 24-time Grammy Award winner called the allegations “idiotic” and “heinous in nature” in a statement released by Roc Nation. The NFL teamed up with Jay-Z’s Roc Nation in 2019 for events and social activism. The league and the entertainment company extended their partnership a few months ago. Kendrick Lamar will perform the Super Bowl halftime show at The Caesars Superdome in New Orleans on February 9. Roc Nation and Emmy-winning producer Jesse Collins will serve as co-executive producers of the halftime show. Beyonce, who is married to Jay-Z, will perform at halftime of the Baltimore Ravens-Houston Texans game at Christmas. “I think they’re getting incredibly comfortable not just with the Super Bowl but other events they’ve advised us on and helped us with,” Mr Goodell said. “They’ve been a big help in the social justice area to us on many occasions. They’ve been great partners.”
Chatham, New Jersey: That buzzing coming out of New Jersey? It’s unclear if it’s drones or something else, but the night-time sightings are producing tons of talk, a raft of conspiracy theories and craned necks looking skyward. Cropping up on local news and social media sites around Thanksgiving, the saga of the drones reported over New Jersey has reached incredible heights. Points of light appear in the evening sky near Lebanon Township, New Jersey. Credit: AP This week seems to have begun a new, higher-profile chapter. Politicians are demanding (but so far not getting) explanations from federal and state authorities about what’s behind them. Governor Phil Murphy wrote to President Joe Biden asking for answers. New Jersey senator Andy Kim spent Thursday night on a drone hunt in rural northern New Jersey and posted about it on X. More sightings have been reported in New York City, and Mayor Eric Adams says the city is investigating. President-elect Donald Trump posted that he believes the government knows more than it’s saying. “Let the public know, and now. Otherwise, shoot them down!!!” he posted on his social media site. But perhaps the most fantastic development is the dizzying proliferation of conspiracies, none of which has been confirmed or suggested by federal and state officials. It has become shorthand to refer to the flying machines as drones, but there are questions about whether what people are seeing are unmanned aircraft or something else. Some theorise the drones came from an Iranian mothership. Others think they are the Secret Service making sure Trump’s Bedminster property is secure. Others worry about China. The deep state. And on. In the face of uncertainty, people have done what they do in 2024: Create a social media group. The Facebook page “New Jersey Mystery Drones — let’s solve it” has nearly 44,000. People are posting their photo and video sightings and the online commenters take it from there. One video shows a white-ish light flying in a darkened sky, and one commenter concludes it’s otherworldly. “Straight up orbs,” the person says. Others weigh in to say it’s a plane or maybe a satellite. Another group called for hunting the drones literally, shooting them down like turkeys. (Do not shoot at anything in the sky, experts warn.) Trisha Bushey, 48, lives near Round Valley Reservoir, where there have been numerous sightings. She said she first posted photos online last month, wondering what the objects were, and became convinced they were drones when she saw how they moved. Now she’s glued to the Mystery Drones page, she said. “I find myself — instead of Christmas shopping or cleaning my house — checking it,” she said. She doesn’t buy what the governor said, that the drones aren’t a risk to public safety. Murphy told Biden that residents need answers. The federal Homeland Security Department and FBI also said in a joint statement they have no evidence that the sightings pose “a national security or public safety threat or have a foreign nexus.” “How can you say it’s not posing a threat if you don’t know what it is?” she said. “I think that’s why so many people are uneasy.” This photo from a New Jersey resident shows what appears to be multiple drones over the town of Bernardsville. Credit: AP Then there’s the notion that people could misunderstand what they’re seeing. William Austin is the president of Warren County Community College, which has a drone technology degree program, and is coincidentally located in one of the sighting hotspots. Austin says he has looked at videos of purported drones and that aeroplanes are being misidentified as drones. He cited an optical effect called parallax, which is the apparent shift of an object when viewed from different perspectives. Nonetheless, people continue to come up with their own theories. “It represents the United States of America in 2024,” Austin said. “We’ve lost trust in our institutions, and we need it.” Federal officials echo Austin’s view that many of the sightings are piloted aircraft such as planes and helicopters being mistaken for drones. That’s not really convincing for many, though, who are homing in on the sightings beyond just New Jersey, where others have reported seeing the objects. For Seph Divine, 34, another member of the drone-hunting group who lives in Eugene, Oregon, it feels as if it’s up to citizen sleuths to solve the mystery. He said he tries to be a voice of reason, encouraging people to fact-check their information while also asking probing questions. Loading “My main goal is I don’t want people to be caught up in the hysteria and I also want people to not just ignore it at the same time,” he said. “Whether it’s foreign military or some secret access program or something otherworldly, whatever it is, all I’m saying is it’s alarming that this is happening so suddenly and so consistently for hours at a time.” AP Start the day with the day’s most important stories, analysis and insights. Sign up for our Morning Edition newsletter . Save Log in , register or subscribe to save articles for later. Aviation Drones USA Most Viewed in World Loading
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Constricted Pipeline for New Deliveries Means No New Wave to Maintain Equilibrium , /PRNewswire/ -- A widening supply and demand imbalance for apartments across the U.S. will drive national annual year-over-year (YOY) Class A multifamily rent growth up 2.4% by , with rates in markets such as , , , , , and increasing between 4.0% and 5.7%. In its , proprietary suite of machine learning models, is also forecasting YOY Class A rent growth gains in the West, Northeast and Southeast regions of the country at or above the 3% historical national average. The Southwest region is an outlier where YOY rent growth is predicted to be only 0.2%. "We're seeing record delivery of new product, the result of unprecedented new development that broke ground three plus years ago, when interest rates were at their lowest," said , co-CEO, Origin Investments. "But that tremendous wave of deliveries isn't being replaced. In the absence of the next wave, I see a world where rents continue escalating in the next one, two, three and maybe even four years." In the Multilytics report, Origin's five-year compounded annual growth rate (CAGR) for rents in the 15 cities where it invests and/or owns and manages multifamily assets all are greater than 4.0%, and ranges from 4.2% in to 5.7% in . Newmark projects the number of expected deliveries in 2024 to be approximately 600,000. However, the pipeline of deliveries is expected to fall precipitously, by 15.2% in 2025 and 53.8% in 2026. Demand for units, especially in growth markets around the country, isn't expected to change, with absorption keeping pace with mew deliveries. At the market level, Origin is predicting rent growth in 15 targeted markets where the firm continues to evaluate future potential developments or acquisitions. According to Multilytics, by all but three of Origin's target markets will return to positive growth, with , and lingering in the negative. However, by , all markets will return to positive territory, with seven markets topping 4% and six increasing by at least 3%. Two markets will have rent growth from 1.5% to 2.0%. The Origin markets experiencing the greatest YOY annual rent growth for Class A apartments are , 5.6%; , 5.6%; , 4.6%; , 4.4%; and , 4.4%. The two markets with rent growth lower than 2% are , 1.7% and , 1.6%. In other significant national and regional markets across the country, Origin projects that YOY Class A apartment growth will exceed 4.0% in (4.3%) and (4.4%); meet or exceed 3.0% in (3.0%), (3.0%) and (3.1%), and exceed 2.5% in (2.6%) and (2.8%). Multifamily market dynamics will produce a sharp contrast in YOY rent growth among some markets between and . In , for example, YOY rent growth in is projected at -2.6%, but in it is projected to increase to 1.6%. Other markets with significant discrepancies include , at -2.1% rent growth in mid-2025 but projected at 1.7% by . , too, will have a nice turnaround, from -0.4% at mid-year to 3.1% by . According to the Origin report, three of the top five market reporting the most dramatic contrasts are in : , 4.2%; , 3.4%; and , 3.3%. In , the contrast from mid-year 2025 to the beginning of 2026 was only 1.0%. "From an investment perspective, I believe we are at the beginning of a pretty significant bull cycle for rents," Scherer said. "At this point, it will take an exogenous shock to bring it back on the supply side." , Data Scientist, Origin Investments, identified a deep recession and meaningful decline in homeownership costs as two exogenous shocks that could significantly alter the record pace of absorption. In a recession, household formation would fall because instead of renting an apartment, individuals tend to move back home or take on one or more roommates who otherwise would be renting apartments themselves. He also noted markets where it could be as much as 40% to 50% more expensive to buy than rent. "The combination of a pricing reset and a significant reduction in mortgage rates isn't likely to occur quickly enough to make a meaningful difference in the cost of renting versus buying," he said. "As a result, we are increasingly becoming a nation of renters." Last year, for a return to normalized rent growth was tempered by looming unquantifiable market risks. Despite a changed landscape, and in the presence of a transitioning political picture, unquantifiable risks remain a concern. The Origin report says it's too early to predict what a new administration will do in 2025 and beyond. President-elect proposals to increase tariffs are likely to lead to higher interest rates and rising inflation. Other proposals could spur job creation. His goal to keep interest rates low to may be hampered by higher material costs, which could make new construction deals more difficult. Founded in 2007, Origin Investments is a private real estate manager that helps high-net-worth investors, family offices and registered investment advisors grow and preserve wealth by providing tax-efficient real estate solutions through private funds. We build, buy and finance multifamily real estate projects in fast-growing markets throughout the U.S. In 2023, we founded affiliate firm Origin Credit Advisers, an SEC-registered investment adviser that provides yield-focused multifamily debt investments for qualified purchasers. SEC registration does not constitute an endorsement by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability. Through our Origin Exchange platform, introduced in 2024, investors can complete a 1031 exchange of their properties for professionally managed, institutional-quality assets. To learn more, visit . View original content to download multimedia: SOURCE Origin InvestmentsAssam Congress President Bhupen Borah remained optimistic despite the party's defeat in all five assembly by-elections held in the state. The vote counting was completed today (November 23), with BJP and its coalition candidates winning by large margins. Speaking to media, Borah said, "We may have lost today, but we are motivated to work harder. Our efforts will pay off, and in the upcoming elections, we will definitely emerge victorious". He further added, "The way the people of Assam made us victorious before, we have also faced defeat. We accept both victory and defeat with humility, but today, the media has not highlighted an important issue." Borah took a sharp dig at Chief Minister Himanta Biswa Sarma, accusing him of focusing on national politics over the welfare of Assam. "For the past four months, Sarma has been acting as a part-time Chief Minister. He was sent to Jharkhand, Telangana, and Karnataka, but was unsuccessful in all his ventures. If the BJP had sent him to Maharashtra, they would have lost there as well," he said, criticising Sarma's political engagements outside the state. Borah, while acknowledging their defeat, also emphasised the progress Congress had made. "We congratulate Priyanka Gandhi on her victory in Wayanad. We received strong support in Sidli and Behali, and we are confident about contesting the BTR elections in 2025. The people of Assam and BTR believe in Congress, and they will help us win," he said. He also mentioned, while Congress lost in some constituencies, the party gained significant ground in others, adding, "In Dholai, we improved by over 30,000 votes compared to June 2024. We exposed the BJP's corruption and failure to deliver on their promises." Talking about the pre-poll violence in Samaguri, Borah expressed regret over it and alleged illegal voting. "We have filed complaints with the DC office, the Police, and the Election Commission in Delhi," he said, referring to reports of people from Samaguri casting votes in other states under questionable circumstances.
Column: Don’t let your holiday be stuffed with stressGun found on suspect in killing of UnitedHealthcare CEO matches shell casings at scene, police say ALTOONA, Pa. (AP) — New York City’s police commissioner says the gun found on the suspect in the killing of UnitedHealthcare’s CEO matches shell casings found at the crime scene. Commissioner Jessica Tisch also said Wednesday that lab results matched suspect Luigi Mangione’s prints to a water bottle and a snack bar wrapper found near the scene of the killing. Police had said earlier that they believed the gunman bought the items at a nearby coffee shop while awaiting his target. Mangione is jailed in Pennsylvania on weapon and forgery charges, but he also has been charged in New York with murder in Brian Thompson's death. His lawyer has noted that Mangione is presumed innocent. Arguments over whether Luigi Mangione is a 'hero' offer a glimpse into an unusual American moment Memes and online posts in support of 26-year-old Luigi Mangione, who's charged with killing UnitedHealthcare's CEO, have mushroomed online. Some cast Mangione as a hero. That's too far, says Pennsylvania Gov. Josh Shapiro, a rising Democrat who was almost the Democratic vice presidential nominee this year. CEO Brian Thompson's death touched off off these ripples. They offer a glimpse into how so many different aspects of 21st-century life can be surreally connected, from public violence to politics, from health care to humor, or attempts at it. The Trump and Biden teams insist they're working hand in glove on foreign crises WASHINGTON (AP) — President-elect Donald Trump doesn’t think much of Joe Biden’s foreign policy record. He frequently casts the outgoing Democratic president as a feckless leader who shredded American credibility around the world during his four-year term. But the Trump and Biden national security teams have come to an understanding that they have no choice but to work together as conflicts in Gaza, Syria and Ukraine have left a significant swath of the world on a knife’s edge. It’s fuzzy how much common ground Biden and Trump’s teams have found as they navigate crises that threaten to cause more global upheaval as Trump prepares to settle back into the White House. FBI Director Wray says he intends to resign at the end of Biden's term in January WASHINGTON (AP) — FBI Director Christopher Wray says he plans to resign at the end of President Joe Biden’s term in January. The announcement Wednesday comes a week and a half after President-elect Donald Trump announced his intention to nominate loyalist Kash Patel for the position. At a town hall meeting with bureau workers, Wray said he would be stepping down “after weeks of careful thought.” Wray had previously been named by Trump and began the 10-year term. a length meant to insulate the agency from the political influence of changing administrations — in 2017, after Trump fired then-FBI Director, James Comey. Syrians flock to morgues looking for loved ones who perished in Assad's prisons DAMASCUS (AP) — Many bodies have been found in Syrian detention centers and prisons since President Bashar al-Assad's government fell. Now Syrians around the world are circulating images of the corpses in hopes that they will see slain loved ones whose fate had been a mystery. At the morgue visited by The Associated Press on Wednesday in Damascus, families flocked to a wall where some of the pictures were pinned in a haunting gallery of the dead. Relatives desperately scanned the images for a recognizable face. Some of the prisoners died just weeks ago. Others perished months earlier. US warns Russia may be ready to use new lethal missile against Ukraine again in 'coming days' WASHINGTON (AP) — The Pentagon says Russia could launch its lethal new intermediate-range ballistic missile against Ukraine again soon. Pentagon spokeswoman Sabrina Singh cited a U.S. intelligence assessment in telling reporters on Wednesday that an attack could come “in the coming days.” She says the U.S. does not consider the Oreshnik missile a game changer on the battlefield. But that Russia is using the weapon to intimidate Ukraine as both sides wrestle for an advantage that will give them leverage in any negotiations to end the war. The Russian Defense Ministry also is warning it may retaliate against Kyiv for an attack on a military base in the Rostov region in southern Russia on Wednesday. Israeli strikes on Gaza kill at least 33 including children, Palestinian medics say DEIR AL-BALAH, Gaza Strip (AP) — Palestinian medical officials say Israeli strikes on the Gaza Strip have killed at least 33 people. One of the strikes hit a home where displaced people were sheltering in the isolated north, killing 19. A separate strike outside nearby Kamal Adwan Hospital killed a woman and her two children, and another strike in central Gaza killed at least seven people. Israel's military says it tries to avoid harming civilians and accuses militants of hiding among them, putting their lives in danger. Local health officials say Israel’s retaliatory offensive after the Hamas attack on Oct. 7, 2023 has killed over 44,000 Palestinians in Gaza. Hannah Kobayashi, missing Hawaii woman whose disappearance prompted a massive search, is found safe LOS ANGELES (AP) — Hannah Kobayashi has been found safe. That’s according to the Los Angeles Police Department. Kobayashi vanished last month in Los Angeles. The missing Hawaii woman's disappearance prompted a massive search and a missing persons investigation. It was not immediately clear where she was found, but police previously said she had voluntarily crossed the border into Mexico. The LAPD said Wednesday the department will wrap up its investigation. Kobayashi's family reported her missing to law enforcement on Nov. 11 after relatives received “strange and cryptic, just alarming” text messages. Kobayashi’s mother and sister said they are “grateful” she has been found safe. Only about 2 in 10 Americans approve of Biden's pardon of his son Hunter, an AP-NORC poll finds WASHINGTON (AP) — Only about 2 in 10 Americans approve of President Joe Biden’s decision to pardon his son Hunter after earlier promising he'd do no such thing. That's according to a poll from The Associated Press-NORC Center for Public Affairs Research. The survey found that only a small share of Americans “strongly” or “somewhat” approve of the president's decision. About half “strongly” or “somewhat” disapprove of it, and about one-quarter said they neither approve nor disapprove. Nevertheless, about 4 in 10 Americans said they approve of the way Biden is handling his job as president. That's roughly where his approval rating has stood in AP-NORC polling since 2022. Malibu wildfire grows, thousands remain evacuated but firefighters get break from improving weather MALIBU, Calif. (AP) — Weather conditions are forecast to improve this week in Southern California and aid firefighters in their battle against a wildfire that’s forced up to 20,000 people from their homes. The blaze grew to more than 6 square miles by Wednesday morning. It was not immediately known how the fire started. It tore through part of Malibu, a community of about 10,000 people on the western edge of Los Angeles renowned for its stunning scenery of seaside bluffs and Zuma Beach featured in Hollywood films. Celebrities, including performers Cher and Dick Van Dyke, were among the evacuees.