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By Stephanie Lai and Hadriana Lowenkron, Bloomberg News Donald Trump says he is selecting venture capitalist David Sacks of Craft Ventures LLC to serve as his artificial intelligence and crypto czar, a newly created position that underscores the president-elect’s intent to boost two rapidly developing industries. “David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness. David will focus on making America the clear global leader in both areas,” Trump said Thursday in a post on his Truth Social network. Trump said that Sacks would also lead the Presidential Council of Advisors for Science and Technology. In Sacks, Trump is tapping one of his most prominent Silicon Valley supporters and fundraisers for a prime position in his administration. Sacks played a key role in bolstering Trump’s fundraising among technology industry donors, including co-hosting an event at his San Francisco home in June, with tickets at $300,000 a head. He is also closely associated with Vice President-elect JD Vance, the investor-turned-Ohio senator. Sacks is a venture capitalist and part of Silicon Valley’s “PayPal Mafia.” He first made his name in the technology industry during a stint as the chief operating officer of PayPal, the payments company whose founders in the late 1990s included billionaire entrepreneur Elon Musk and investor Peter Thiel. After it was sold to eBay, Sacks turned to Hollywood, where he produced the 2005 satire Thank You for Smoking. Back in Silicon Valley, he founded workplace communications company Yammer, which was bought by Microsoft Corp. in 2012 for $1.2 billion. He founded his own venture capital firm, Craft Ventures, in 2017 and has invested in Musk-owned businesses, including SpaceX. Sacks said on a recent episode of his All-In podcast that a “key man” clause in the agreements of his venture firm’s legal documents would likely prevent him from taking a full-time position, but he might consider an advisory role in the new administration. A Craft spokeswoman said Sacks would not be leaving Craft. In his post, Trump said Sacks “will safeguard Free Speech online, and steer us away from Big Tech bias and censorship.” Protecting free speech is a keen interest of Sacks. He regularly speaks about “woke” interests that try to muzzle unpopular opinions and positions. The new post is expected to help spearhead the crypto industry deregulation Trump promised on the campaign trail. The role is expected to provide cryptocurrency advocates a direct line to the White House and serve as a liaison between Trump, Congress and the federal agencies that interface with digital assets, including the Securities and Exchange Commission and the Commodity Futures Trading Commission. Trump heavily campaigned on supporting crypto, after previously disparaging digital assets during his first White House term, saying their “value is highly volatile and based on thin air.” The president-elect on Thursday said Sacks would “work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the U.S.” During the campaign, Trump spoke at a Bitcoin conference, accepted crypto campaign donations and met with executives from Bitcoin mining companies and crypto exchanges multiple times. Trump’s desire to give priority to the digital asset industry is also reflected in his close allies and cabinet selections, including his Commerce secretary pick, Howard Lutnick, and Treasury secretary nominee Scott Bessent. On the AI front, Sacks would help Trump put his imprint on an emerging technology whose popular use has exploded in recent years. Sacks is poised to be at the front lines in determining how the federal government both adopts AI and regulates its use as advances in the technology and adoption by consumers pose a wide array of benefits as well as risks touching on national security, privacy, jobs and other areas. The president-elect has expressed both awe at the power of AI technology as well as concern over the potential harms from its use. During his first term, he signed executive orders that sought to maintain US leadership in the field and directed the federal government to prioritize AI in research and development spending. As AI has become more mainstream in recent years and with Congress slow to act, President Joe Biden has sought to fill that void. Biden signed an executive order in 2023 that establishes security and privacy protections and requires developers to safety-test new models, casting the sweeping regulatory order as necessary to safeguard consumers. A number of technology giants have also agreed to adopt a set of voluntary safeguards which call for them to test AI systems for discriminatory tendencies or security flaws and to share those results. Trump has vowed to repeal Biden’s order. The Republican Party’s 2024 platform dismissed Biden’s executive order as one that “hinders AI Innovation, and imposes Radical Leftwing ideas on the development of this technology.” Sacks can be expected to work closely with Musk, the world’s richest person and one of the president-elect’s most prominent supporters. Musk is also a player in the AI space with his company xAI and a chatbot named Grok — efforts which pit him against Silicon Valley’s giants — and he stands to wield significant influence within the incoming administration. The appointment won’t require Sacks to divest or publicly disclose his assets. Like Musk, Sacks will be a special government employee. He can serve a maximum of 130 days per year, with or without compensation. However, conflict of interest rules apply to special government employees, meaning Sacks will have to recuse himself from matters that could impact his holdings. Sacks’s Craft Ventures is known more for enterprise software investing than for crypto, but it has made a few crypto investments, including BitGo and Bitwise. Still, Sacks has firm opinions on the sector. Speaking last month on All-In, Sacks praised a bill on crypto regulation that had passed in the U.S. House but not the Senate earlier this year. The Financial Innovation and Technology for the 21st Century Act would regulate certain types of digital assets as a commodity, regulated by the Commodity Futures Trading Commission. “The crypto industry basically wants a really clear line for knowing when they’re a commodity and they want commodities to be governed, like all other commodities, by the CFTC,” he said on the November podcast. He also disparaged some of the Securities and Exchange Commission’s positions on crypto under its chair, Gary Gensler. “The days of Gensler terrifying crypto companies,” he said. “Those days are about to be over.” Earlier this week, Trump nominated crypto advocate Paul Atkins to lead the SEC. With assistance from Zoe Ma, Bill Allison, Sarah McBride, Anne VanderMey and stacy-marie ishmael. ©2024 Bloomberg L.P. Visit bloomberg.com. Distributed by Tribune Content Agency, LLC.$HAREHOLDER INVESTIGATION: The M&A Class Action Firm Continues to Investigate the Mergers of MKFG, CFB, and ARCHIs this London's best kept cultural secret? A royal palace turned parking lot is reinventing itself — again
China probes Nvidia for 'violating' anti-monopoly lawNEW YORK (AP) — A slide for market superstar Nvidia on Monday knocked Wall Street off its big rally and helped drag U.S. stock indexes down from their records. The S&P 500 fell 0.6%, coming off its 57th all-time high of the year so far. The Dow Jones Industrial Average dipped 240 points, or 0.5%, and the Nasdaq composite pulled back 0.6% from its own record. Nvidia’s fall of 2.5% was by far the heaviest weight on the S&P 500 after China said it’s investigating the company over suspected violations of Chinese anti-monopoly laws. Nvidia has skyrocketed to become one of Wall Street’s most valuable companies because its chips are driving much of the world’s move into artificial-intelligence technology. That gives its stock’s movements more sway on the S&P 500 than nearly every other. Nvidia’s drop overshadowed gains in Hong Kong and for Chinese stocks trading in the United States on hopes that China will deliver more stimulus for the world’s second-largest economy. Roughly three in seven of the stocks in the S&P 500 also rose. The week’s highlight for Wall Street will arrive midweek when the latest updates on inflation arrive. Economists expect Wednesday’s report to show the inflation that U.S. consumers are feeling remained stuck at close to the same level last month. A separate report on Thursday, meanwhile, could show an acceleration in inflation at the wholesale level. They’re the last big pieces of data the Federal Reserve will get before its meeting next week on interest rates. The widespread expectation is still that the central bank will cut its main interest rate for the third time this year. The Fed has been easing its main interest rate from a two-decade high since September to offer more help for the slowing job market, after bringing inflation nearly all the way down to its 2% target. Lower interest rates can ease the brakes off the economy, but they can also offer more fuel for inflation. Expectations for a series of cuts from the Fed have been a major reason the S&P 500 has set so many all-time highs this year. “Investors should enjoy this rally while it lasts—there’s little on the horizon to disrupt the momentum through year-end,” according to Mark Hackett, chief of investment research at Nationwide, though he warns stocks could stumble soon because of how overheated they’ve gotten. On Wall Street, Interpublic Group rose 3.6% after rival Omnicom said it would buy the marketing and communications firm in an all-stock deal. The pair had a combined revenue of $25.6 billion last year. Omnicom, meanwhile, sank 10.2%. Macy’s climbed 1.8% after an activist investor, Barington Capital Group, called on the retailer to buy back at least $2 billion of its own stock over the next three years and make other moves to help boost its stock price. Super Micro Computer rose 0.5% after saying it got an extension that will keep its stock listed on the Nasdaq through Feb. 25, as it works to file its delayed annual report and other required financial statements. Earlier this month, the maker of servers used in artificial-intelligence technology said an investigation found no evidence of misconduct by its management or by the company’s board following the resignation of its public auditor . All told, the S&P 500 fell 37.42 points to 6,052.85. The Dow dipped 240.59 to 4,401.93, and the Nasdaq composite lost 123.08 to 19,736.69. In the oil market, a barrel of benchmark U.S. crude rallied 1.7% to settle at $68.37 following the overthrow of Syrian leader Bashar Assad, who sought asylum in Moscow after rebels. Brent crude, the international standard, added 1.4% to $72.14 per barrel. The price of gold also rose 1% to $2,685.80 per ounce amid the uncertainty created by the end of the Assad family’s 50 years of iron rule. In stock markets abroad, the Hang Seng jumped 2.8% in Hong Kong after top Chinese leaders agreed on a “moderately loose” monetary policy for the world’s second-largest economy. That’s a shift away from a more cautious, “prudent” stance for the first time in 10 years. A major planning meeting later this week could also bring more stimulus for the Chinese economy. U.S.-listed stocks of several Chinese companies climbed, including a 12.4% jump for electric-vehicle company Nio and a 7.4% rise for Alibaba Group. Stocks in Shanghai, though, were roughly flat. In Seoul, South Korea’s Kospi slumped 2.8% as the fallout continues from President Yoon Suk Yeol ’s brief declaration of martial law last week in the midst of a budget dispute. In the bond market, the yield on the 10-year Treasury rose to 4.19% from 4.15% late Friday. AP Business Writers Matt Ott and Elaine Kurtenbach contributed.Retailers coax Black Friday shoppers into stores with big discounts and giveaways NEW YORK (AP) — Retailers in the U.S. have used giveaways and bigger-than expected discounts to reward shoppers who ventured out on Black Friday. The day after Thanksgiving still reigns for now as the unofficial kickoff of the holiday shopping season even if it’s lost some luster. Analysts reported seeing the biggest crowds at stores that offered real savings. They say many shoppers are being cautious with their discretionary spending despite the easing of inflation. Stores are even more under the gun to get shoppers in to buy early and in bulk since there are five fewer days between Thanksgiving and Christmas this year. Online sales figures from Thanksgiving Day gave retailers a reason to remain hopeful for a lucrative end to the year. Inflation rose to 2.3% in Europe. That won't stop the central bank from cutting interest rates FRANKFURT, Germany (AP) — Inflation in the 20 countries that use the euro currency rose in November — but that likely won’t stop the European Central Bank from cutting interest rates as the prospect of new U.S. tariffs from the incoming Trump administration adds to the gloom over weak growth. The European Union’s harmonized index of consumer prices rose 2.3 percent, up from 2.0% in October, according to EU statistics agency Eurostat. However, worries about growth mean the Dec. 12 ECB meeting is not about whether to cut rates, but by how much. Market buzz says there could be a larger than usual half-point cut in the benchmark rate, currently 3.25%. The ruble's in a slump. For the Kremlin, that's a two-edged sword Russia’s ruble is sagging against other currencies, complicating the Kremlin’s efforts to keep consumer inflation under control with one hand even as it overheats the economy with spending on the war against Ukraine with the other. Over time a weaker ruble could mean higher prices for imports from China, Russia's main trade partner these days. President Vladimir Putin says things are under control. One wild card is sanctions against a key Russian bank that have disrupted foreign trade payments. If Russia finds a workaround for that, the ruble could regain some of its recent losses. From T-shirts to thongs, how indie film merchandise became a hot commodity LOS ANGELES (AP) — Merchandise is nothing new. But in recent years, movie-inspired streetwear has exploded in popularity among film buffs, thanks in part to viral marketing campaigns put on by independent film studios. Take the hourslong line for one-day-only “Anora” pop-up in Los Angeles, for instance. Clothes are promoted as trendy and in limited supply and are often made in collaboration with popular brands. The experience of watching movies has become a less collective one in recent years. For many fans, repping their favorite films in public is a way to combat that. Stock market today: S&P 500 and Dow post gains and close out best month of 2024 NEW YORK (AP) — Stocks closed with solid gains as Wall Street put the finishing touches on one of its best months of the year. The S&P 500 rose 0.6% while the Dow Jones Industrial Average gained 188 points, or 0.4%. The Nasdaq added 0.8%. Friday was an abbreviated trading day, with stocks closing at 1 p.m. ET and the bond market an hour later. Investors were looking to see how much shoppers are willing to spend on gifts for the holidays. Black Friday unofficially kicked off the holiday shopping season, although retailers had been offering early deals for weeks. Macy’s and Best Buy each gained around 2%. Vietnam approves $67 billion high-speed railway project between Hanoi and Ho Chi Minh city HANOI, Vietnam (AP) — Vietnam has approved the construction of a high-speed railway connecting the capital Hanoi in the north with the financial capital of Ho Chi Minh in the south. It is expected to cost $67 billion and will stretch 1,541 kilometers (957 miles). The new train is expected to travel at speeds of up to 350 kph (217 mph), reducing the journey from the current 30 hours to just five hours. The decision was taken by Vietnam’s National Assembly on Saturday. Construction is expected to begin in 2027 and Vietnam hopes that the first trains will start operating by 2035. But the country has been beleaguered by delays to its previous infrastructure projects. Massachusetts lawmakers push for an effort to ban all tobacco sales over time BOSTON (AP) — A handful of Massachusetts lawmakers are hoping to persuade their colleagues to support a proposal that would make the state the first to adopt a ban meant to eliminate the use of tobacco products over time. Other locations have weighed similar “generational tobacco bans.” The bans phase out the use of tobacco products based not just on a person's age but on birth year. Lawmakers plan to file the proposal next year. If approved, the bill would set a date and ban the sale of tobacco to anyone born after that date forever, eventually banning all sales. Santa's annual train visit delivers hope and magic to one corner of coal country ON BOARD THE SANTA TRAIN (AP) — Since 1943, the people of Appalachian Kentucky, Virginia, and Tennessee have looked forward to Santa’s arrival. Not in a sleigh on their rooftops, but on a train. At each stop of the CSX Santa Train there are dozens to hundreds of people. Many crowd around the back, where Santa and his helpers toss stuffed animals. Meanwhile groups of volunteer “elves” fan out with gifts, making sure every child goes home with something. Many of the children who line the tracks on the Saturday before Thanksgiving, waiting for Santa, are the third, fourth or fifth generation to do so. Sandra Owens has been coming for 43 years and now brings her grandchildren. She says, “The faces of the kids, that’s what makes me happy. You can’t see anything better.” Donald Trump's call for 'energy dominance' is likely to run into real-world limits WASHINGTON (AP) — Donald Trump is creating a National Energy Council that he says will establish U.S. “energy dominance” around the world. It will be key in Trump’s pledge to sell more oil to allies and his intent to move away from President Joe Biden’s focus on climate change. But the president-elect’s energy wishes are likely to run into real-world limits. For one, U.S. oil production under Biden is already at record levels. And Trump’s bid to boost oil supplies and lower U.S. prices is complicated by his threat to impose 25% import tariffs on Canada and Mexico, two of the largest sources of U.S. oil imports. Canadian Prime Minister Trudeau flies to Florida to meet with Trump after tariffs threat WEST PALM BEACH, Fla. (AP) — Canadian Prime Minister Justin Trudeau has flown to Florida to have dinner with President-elect Donald Trump at his Mar-a-Lago club after Trump threatened to impose sweeping tariffs on Canadian products. Joining Trump and Trudeau at dinner were Trump's picks for commerce secretary, interior secretary and national security adviser, and the three men's wives. From the Canadian side, the dinner guests included Public Safety Minister Dominic LeBlanc, whose responsibilities include border security. Trump’s transition did not respond to questions about what they had discussed or whether the conversation alleviated Trump’s concerns about the border. A smiling Trudeau declined comment upon returning to his West Palm Beach hotel late Friday.VANCOUVER, BC / ACCESSWIRE / December 6, 2024 / Marvel Discovery Corp. (TSXV:MARV)(FSE:O4T)(OTCQB:MARVF) ("Marvel" or the "Company") is pleased to announce its return to both its Blackfly Gold Project in Ontario and its Duhamel Nickel-Copper-Cobalt Project in Quebec. As part of this realignment, Marvel will not proceed with its Athabasca Basin uranium property options but will retain its high-potential uranium assets, including Elliott Lake, Pecors West, and East Bull in Ontario. This will better enable the Company to shift resources to our more advanced stage projects where better infrastructure and lower operating costs are established to advance them. Strategic Focus on Blackfly Gold and Duhamel Projects The Blackfly Gold Project, located in the prolific gold mining region near Atikokan, Ontario, has demonstrated strong potential with significant historical gold mineralization. Meanwhile, the Duhamel Nickel-Copper-Cobalt Project in Quebec represents a promising critical mineral opportunity amid growing global demand for battery metals. "The junior resource sector has experienced significant challenges over the past few years, and our focus is to streamline operations and target projects with the highest potential for success," said Karim Rayani, CEO of Marvel Discovery Corp. "Blackfly Gold and Duhamel offer exactly that - advanced-stage opportunities in regions where permitting is accessible and operational costs can be minimized, allowing us to deliver meaningful results efficiently." Blackfly Gold Project Highlights: Located in a historically significant gold region near Atikokan, Ontario, adjacent to the Hammond Reef Gold Deposit held by Agnico Eagle. High-grade gold assays from prior work, with visible gold in drill core (Figure 1) . Proximity to infrastructure and established mining operations, historical exploration, and recent fieldwork. Figure 1. Specks of visible gold in hole BF21-19 drilled at the Black Fly Northeast Zone. NQ core of a diameter of 47.6mm. Duhamel Nickel-Copper-Cobalt Project Highlights: Situated in Quebec, a mining-friendly jurisdiction with robust infrastructure. Potential for critical minerals, including nickel, copper, and cobalt, crucial for the transition to a green economy. Historical and recently completed exploration by Marvel pointing to potential significant mineralization. Refocusing to Drive Shareholder Value By discontinuing the Athabasca Basin uranium projects, Marvel is redirecting its resources to high-impact exploration at Blackfly and Duhamel. This decision positions the Company to better navigate the challenging market environment and capitalize on emerging opportunities in gold and critical metals while reducing operating costs and reducing shareholder dilution. Karim Rayani added: "This strategic pivot reflects Marvel's long-term vision of creating shareholder value through targeted exploration and disciplined project management. By focusing on projects with manageable costs and favorable permitting conditions, we are well-positioned to advance our portfolio and deliver results." Blackfly Atikokan Ontario, The Property is located in the developing Atikokan gold mining camp along and within the Marmion Fault Zone, approximately 13.6 kilometers ("km") southwest of Agnico Eagle's Hammond Reef Gold Deposit. The Blackfly Main Zone area and the Blackfly Northeast Zone occur in areas of magnetic lows along a property-wide, strong, linear northeast trending magnetic high that corresponds with a magnetic mafic dike. Gold is associated with strong silica-sericite-ankerite-pyrite ± chlorite alteration hosted within aquartz-veined granodiorite that has undergone shearing and deformation. Accessory sulphide phases include galena, chalcopyrite and bornite. Surface sampling, mapping and interpretation of magnetic data by Marvel has resulted in better defined and wider gold intervals than drilling by TerraX between 2009 and 2012. Assessment file records indicate that the original Blackfly gold discovery was made in 1897, making the occurrence one of the earliest found in the Atikokan gold mining camp. The project's 45-foot shaft was sunk in 1898 shortly after gold was discovered. Several companies have added to the database of the Property including: Rebair Gold Mines Ltd. (1945 to 1948), Steeprock Mines Ltd. (1949 and again in 1961), Aavdex Corporation (2004) and TerraX Minerals Inc. (2009 to 2012). Blackfly Drill Result from 2021 Drill Program Please see press release dated November 10, 2021.Vancouver, B.C Duhamel Nickel Copper Cobalt - Project Quebec: Located 350 km north of Quebec City, the Duhamel Ni-Cu-Co project lies between two prominent deformation zones in the central part of the Grenville Geological Province (Figure 2). The Duhamel Property is characterized by the presence of large mafic to ultramafic intrusive rock bodies located in northern margin of the Saguenay-Lac-Saint-Jean (SAGLSJ) Anorthosite Suite, one of the largest anorthosite intrusive bodies in the world. The Chute-des-Passes-Pipmuacan reservoir areas contains numerous massive sulfide and iron oxide mineralization occurrences recognized and documented by the Quebec government (Sigeom, Figure 2). Figure 2. Ni-Cu-Co and Fe-Ti-P-V mineral occurrences on the Chute-des-Passes and Pipmuacan Areas (modified from Hebert et Cadieux, 2002) The Duhamel Property currently contains seven (7) occurrences of Ni-Cu-Co sulphides and one (1) Fe-Ti-V iron oxide occurrence discovered between 1997 to 2001 by previous operators who defined a 13 km long mineralized rock corridor (Figure 3). Drill intercept highlights include 1.27% Ni, 0.33% Cu, and 0.12% Co over 3.0 meters by Virginia Gold Mines in 2000 that contained massive sulfides. Compilation of historic assessment reports to date reveals more than thirty (30) Ni-Cu (Co) and four (4) Fe-Ti (V, Cr) mineral occurrences which confirms this corridor to be highly prospective for new Ni-Cu-Co discoveries, as well as Fe-Ti (Cr, V) discoveries. Figure 3. Regional geology, structure, and mineral occurrences of the Duhamel property, included significant mineralized intervals of 2000 and 2001 diamond drilling programs (Ref. SIGEOM-MERNQ) Compilation of historical data by Marvel uncovered a grab sample from massive iron-titanium oxides that returned 0.28% V2O5 associated with 20.8% TiO2 and 0.13% Cr203. Pecors West property, Located in the heart of the Elliott Lake Ontario historical uranium camp the Pecors West property has the potential to host three unique styles of mineralization under the critical metals criteria: PGM-Ni-Cu magmatic style mineralization associated with the large Pecors regional magnetic anomaly. Uranium mineralization typical of the Elliot Lake uranium camp within the Pecors Channel. Uranium and rare-earth oxide (REO) mineralization similar to the contiguous Radio Fuels Eco Ridge Project. The Pecors West property is strategically located next door to an inferred resource of 20,000,000 tons grading 0.037% (0.74 lbs./t) U3O8 or 14,800,000 lbs. U3O8 defined by limited drilling by Rio Algom in1977) . This uranium mineralization is hosted within the Pecors Channel now held by Power One Resources (a spinout from Marvel Discovery). This resource estimated is based on limited drilling and there is potential to expand the Pecors Channel onto the Pecors West property. Uranium is hosted within the quartz-pebble conglomerate of the Matinenda Formation at shallow depths within the Pecors Channel. ‘Channels' within the Elliot Lake uranium camp were mined extensively in the 1950s where production grades averaged 0.100% U3O8. The resource estimate cited above predates and therefore does not conform to the more stringent reporting requirements of National Instrument 43-101 and should not be relied upon according to those standards. Marvel has not yet done exploration work to verify or classify the historical estimates as a current mineral resource, and the Company is not treating the historical estimates as a current mineral reserve or resource. The Company is currently reviewing all historical and data from its most recent exploration programs to define its second phase of drilling both at the Blackfly and Duhamel Projects planned for early next year. Qualified Person Mike Kilbourne, P. Geo, an independent qualified person ("QP") as defined in National Instrument 43-101, has reviewed, and approved the technical contents of this news release on behalf of the Company. About Marvel Discovery Corp. Marvel Discovery Corp. is a Canadian resource company focused on generating and developing mineral exploration projects in gold, base metals, critical minerals, and uranium. With a diversified portfolio across Canada, Marvel remains committed to sustainable exploration practices and creating long-term shareholder value. Atikokan, Ontario (Blackfly - Au Prospect) Elliot Lake, Ontario (Pecors West & East Bull Ontario - Ni-Cu-PGE Prospect) Quebec, (Duhamel -Ni-Cu-Co prospect & Titanium, Vanadium, and Chromium Prospect) Newfoundland, (Hope Brook Critical Elements & Lithium Prospect, and Victoria Lake Prospect) Prince George, British Columbia (Wicheeda North - Rare Earth Elements Prospect) The Company's website is: ON BEHALF OF THE BOARD Marvel Discovery Corp. "Karim Rayani" Karim Rayani President/Chief Executive Officer, Director Tel: 604 716 0551 email: Disclaimer for Forward-Looking Information: Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this press release relate to, among other things: completion of the proposed Arrangement. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE: Marvel Discovery Corporation View the original on
Get a taste of an off-limits country without leaving MelbourneThough inflation is slowing down nationally, Marylanders could expect higher Christmas tree prices than 2023, as macroeconomic and environmental stressors to the tree supply chain may be baked into the cheer this year.
Trump names David Sacks as White House AI and crypto czar5 top tech gifts for the holidaysAshland rings opening bell at NYSE recognizes 100-year anniversary
EL SEGUNDO, CA—Revealing that split ends have grown 50% stronger in just the past decade, a new study published Friday by researchers at the L’Oréal Academy warned that overuse of hair detangler was giving rise to new product-resistant supertangles. “When hair detangler was first developed, we arrogantly assumed we would be living in a world without snagging, but now we face an even bigger threat to smooth, silky hair,” said study author Vicki Zhou, explaining that decades of reliance on hair-detangling technology has led to the evolution of supertangles, which can survive the standard chemicals used to improve follicle manageability. “We could be entering a time when even the most powerful oils and silicones are powerless to contain frizz. These supertangles were localized problems at first, but salon overprescription has led to a vicious cycle in which people are dependent on using stronger and stronger hair detanglers to prevent complete knotting, and scientists can no longer keep up. Right now, top L’Oréal researchers are working around the clock to develop new conditioners that can hydrate, strengthen, and detangle all in one, but if that doesn’t work, we could be looking at a world where all hair is matted and clumped.” Zhou also warned against the development of lab-engineered ultra-snags to test out stronger detangling products, citing the dangers of these supertangles escaping their containment facilities.Avalonbay Communities Inc. stock outperforms competitors on strong trading dayTikTok's future uncertain after appeals court rejects its bid to overturn possible US ban
The Philadelphia Eagles are preparing to start Kenny Pickett at quarterback on Sunday against the visiting Dallas Cowboys. Head coach Nick Sirianni confirmed Friday morning that Jalen Hurts remains in the concussion protocol, adding, "It's going to be tough for him to make it this week." Hurts and Pickett (ribs) were both injured during last weekend's 36-33 loss to the Washington Commanders, but Pickett was a full participant in Thursday's practice. Pickett, who grew up as an Eagles fan in Ocean Township, N.J., will have a chance to help Philadelphia (12-3) clinch the NFC East title in his first start for the franchise. "I'm very excited. It's a big opportunity," he told reporters Thursday. "I've been working hard to stay ready and I felt like I was in a good position last game with my preparation and now having a week to practice, I'll feel even better going into the stadium. So, I'm excited. I just want to get the win." Pickett relieved Hurts in the first quarter against Washington and completed 14 of 24 passes for 143 yards with one touchdown and one interception. Prior to that, he had appeared in three games in mop-up duty. Pickett, 26, compiled a 14-10 record as the starter for the Steelers from 2022-23 after being drafted by Pittsburgh in the first round (20th overall) in 2022. After the Steelers acquired Russell Wilson in March, Pickett was traded along with a 2024 fourth-round pick to the Eagles in exchange for a 2024 third-round pick and two 2025 seventh-rounders. Pickett has completed 62.3 percent of his pass attempts for 4,622 yards with 14 touchdowns and 14 interceptions in 29 career games. He has rushed for 303 yards and four scores. Hurts, 26, has completed 68.7 percent of his passes for 2,903 yards with 18 TDs and five picks in 15 starts in 2024. He has rushed for 630 yards and is tied for the NFL lead with 14 rushing touchdowns. --Field Level MediaOG Maco , the Atlanta rapper best known for his 2014 hit “U Guessed It,” died at the age of 32. The musician, born Benedict Chiajulam Ihesiba Jr., was admitted to a Los Angeles hospital on Dec. 12 after apparently shooting himself in the head. His family shared news of his death on his social media accounts, honoring his legacy and what he provided to the world. “With heavy hearts, we share the heartbreaking news of the passing of our beloved Ben, known to the world as OG Maco,” reads the statement. “His life was a testament to resilience, creativity, and boundless love. Through his music, passion, and unwavering spirit, he touched so many lives and left a lasting impact.” Born in College Park, Georgia, Maco recorded music in high school before co-founding his label OGG (Originality Gains Greatness). He burst onto the music scene in 2014 with his mixtape “Live Life,” breaking through with his hit single “U Guessed It.” Its remix featuring 2 Chainz peaked at No. 90 on the Billboard Hot 100. He subsequently inked a deal with Quality Control Music, the influential label that’s been home to Migos and Cardi B, and signed a major label partnership with Capitol Music Group/Motown the following year. He continued to release EPs and mixtapes throughout his career, though his output slowed before his death. In 2016, he was in a near-fatal car crash that resulted in skull fractures and a cracked vertebrae. Three years later, Maco shared that he was battling the flesh-eating disease necrotising fasciitis, which subsequently led to depression. “I was improperly treated for a minor rash and ended up with a skin eating disease for the last few months,” he wrote on Instagram at the time. “This is the best it’s looked. I hope it gives someone hope. I’ve been going through this alone 90% of the time, without the support of the person I love, without most of my ‘friends,’ without anything but my own strength and God.”
TORONTO, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Onex Corporation (the “ Company ”) (TSX: ONEX) announced today that, in connection with the Company’s ongoing substantial issuer bid (the “ Offer ”), the Company has obtained an order from the Ontario Securities Commission granting exemptive relief from certain extension, proportionate take-up and related disclosure requirements in connection with the Offer, the details of which can be found in the offer to purchase and issuer bid circular filed by the Company in connection with the Offer (the “ Circular ”), which is available on SEDAR+ at www.sedarplus.ca . Details of the Offer, including instructions for tendering subordinate voting shares of the Company (the “ Subordinate Voting Shares ”), are included in the Circular, letter of transmittal and the notice of guaranteed delivery (collectively, the “ Offer Documents ”). The Offer Documents are available on SEDAR+ at www.sedarplus.ca , as well as on the Company's website at www.onex.com . Shareholders should carefully read the Offer Documents prior to making a decision with respect to the Offer. This press release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell the Subordinate Voting Shares. The solicitation and the offer to buy the Subordinate Voting Shares will only be made pursuant to the Offer Documents. ABOUT ONEX Onex invests and manages capital on behalf of its shareholders and clients across the globe. Formed in 1984, we have a long track record of creating value for our clients and shareholders. Our investors include a broad range of global clients, including public and private pension plans, sovereign wealth funds, insurance companies, family offices and high-net-worth individuals. In total, Onex has approximately $50 billion in assets under management, of which $8.5 billion is Onex’ own investing capital. With offices in Toronto, New York, New Jersey and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms. Onex is listed on the Toronto Stock Exchange under the symbol ONEX. For more information on Onex, visit its website at www.onex.com . Onex’ security filings can also be accessed at www.sedarplus.ca . CAUTION REGARDING FORWARD LOOKING STATEMENTS This press release may contain, without limitation, statements concerning possible or assumed future operations, performance or results preceded by, followed by or that include words such as “believes”, “expects”, “potential”, “anticipates”, “estimates”, “intends”, “plans” and words of similar connotation, which would constitute forward-looking statements. Forward-looking statements are not guarantees. The reader should not place undue reliance on forward-looking statements and information because they involve significant and diverse risks and uncertainties that may cause actual operations, performance or results to be materially different from those indicated in these forward-looking statements. Except as may be required by Canadian securities law, Onex is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or other factors. These cautionary statements expressly qualify all forward-looking statements in this press release. FOR FURTHER INFORMATION:The Intel Revolution! How INTC is Shaping the Future of GamingSpotlight on Carl Medearis: Pioneering Sustainable Real Estate Development in Colorado
Wilmington, Del., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Participating in a tradition that has evolved since 1792, today, employees from Ashland Inc. (NYSE: ASH) gathered on the floor of the New York Stock Exchange as Guillermo Novo, chair and chief executive officer, Ashland, joined by company executives, rang the trading day’s opening bell . The event signifies a decade of evolution, resilience and sustainable solutions for the additives and specialty ingredients company and recognizes its 100-year anniversary. “I want to thank our employees for their dedication, our customers for their trust and our shareholders for their support over the years which continues to be the foundation of our success,” said Guillermo Novo, chair and chief executive officer, Ashland. From its origin of gavel banging to the modern workday bell ringing , the ritual marks the start and end of trading through the years and has come to celebrate economic growth and progress. One year ago, Ashland introduced seven new technology platforms aligned to the company’s pharmaceutical, personal care and specialty additives core, that extend to secondary markets with new and differentiated capabilities to unlock organic growth for Ashland and its customers worldwide. The platform solutions bring “new to the world” sustainable innovations, offering tunable choices to customers to enable the reshaping of their product portfolios, answering global megatrends, and responding to various regulatory landscapes. “As the stock market has demonstrated resilience through devastating lows and exuberant highs over time, Ashland has consistently transformed itself ahead of market trends from an oil and refining company to a matrixed chemical company, and from a broad chemicals and materials provider to the focused additives and specialty ingredients company we are today; integrating environmental, social and governance (ESG) in our operating plans to responsibly solve for a better world,” said Novo. strategy update event Ashland is hosting a strategy update event for analysts and investors on December 10, 2024, in New York City. The company will provide an in-depth review of Ashland’s strategic priorities, key initiatives and financial objectives while emphasizing a proactive approach to market uncertainty in fiscal year 2025. The event includes presentations and prepared remarks from members of Ashland’s executive team, as well as breakout sessions for in-person attendees and an opportunity for both live and webcast attendees to ask questions during moderated Q&A sessions. “This was a year marked by recovery from prolonged inventory destocking in the materials sector, yet Ashland was able to deliver strategic progress, margin expansion, high-quality free cash flow, and disciplined execution across our global portfolio,” continued Novo. “Despite a complex operating environment, we demonstrated our ability to drive value through portfolio optimization, commercial excellence, and focused growth in our core markets. As we execute our strategy, we remain focused on delivering sustainable, profitable growth and long-term shareholder value. I look forward to providing more context during our upcoming event,” concluded Novo. To participate in Ashland’s strategy update event, interested participants must register for the event and have the option to attend via live webcast or in person. Presentations are expected to begin at 9:00 a.m. ET and conclude following Q&A sessions at 11:00 a.m. ET. After Q&A, in-person attendees will have the opportunity to discuss key initiatives with business line leaders and scientists in breakout sessions until 12:00 p.m ET. To register, participants should use the following link: registration page . Registration information and further event details will be posted on Ashland’s investor website at http://investor.ashland.com . A webcast of the event will be available live and can be accessed, along with supporting materials, through the Ashland website. A replay will be available within 24 hours of the live event and will be archived, along with supporting materials, on Ashland’s website for 12 months. Copies of the presentation may also be requested by sending an email to investor_relations@ashland.com About Ashland Ashland Inc. (NYSE: ASH) is a global additives and specialty ingredients company with a conscious and proactive mindset for environmental, social and governance (ESG). The company serves customers in a wide range of consumer and industrial markets, including architectural coatings, construction, energy, food and beverage, personal care and pharmaceutical. Approximately 3,200 passionate, tenacious solvers thrive on developing practical, innovative and elegant solutions to complex problems for customers in more than 100 countries. Visit ashland.com and ashland.com/ESG to learn more. TM Trademark, Ashland or its subsidiaries, registered in various countries. FOR FURTHER INFORMATION: Attachments
NoneFRIDAY, Dec. 6, 2024 (HealthDay News) -- Faced with rising cases of bird flu virus being detected in raw milk in California, the U.S. Department of Agriculture (USDA) on Friday announced it would mandate testing for the virus in milk nationwide. The National Milk Testing Strategy (NMTS) "builds on measures taken by USDA and federal and state partners since the outbreak of highly pathogenic avian influenza [HPAI] H5N1 in dairy cattle was first detected in March 2024," the agency said in a statement . Any entity that handles pre-pasteurized raw milk -- milk processors and transporters, for example -- must hand over samples for testing to USDA staff upon request. According to the USDA, this could be an efficient way to identify herds infected with H5N1. As of Thursday, 718 cattle herds nationwide are known to be infected with the avian flu virus. The new testing initiative "will give farmers and farmworkers better confidence in the safety of their animals and ability to protect themselves, and it will put us on a path to quickly controlling and stopping the virus’ spread nationwide," U.S. Agriculture Secretary Tom Vilsack said in the USDA statement. The move comes only a few days after a California dairy farm said it was expanding its recall of raw milk and cream after state health officials discovered bird flu virus in more milk samples. In a notice posted Tuesday, Fresno-based Raw Farm LLC said it has now recalled all whole milk and cream products with "use by" dates of Nov. 27 to Dec. 13. Meanwhile, California health officials took additional steps to keep consumers safe, including quarantining the farm. "While this voluntary recall only applies to raw whole milk and cream, due to multiple bird flu detections in the company's operation, the California Department of Public Health [CDPH] urges consumers to avoid consuming any Raw Farm products for human consumption including raw milk, cream, cheese,and kefir, as well as raw milk pet food topper and pet food kefir marketed to pet owners," the CDPH said in a health alert posted Tuesday. "In addition to the statewide voluntary recall, CDFA [California Department of Agriculture] has placed the farm under quarantine, suspending any new distribution of its raw milk, cream, kefir, butter and cheese products produced on or after November 27," the agency added. No human bird flu cases linked to the consumption of raw milk products have been confirmed at this point, the CDPH noted. Unlike raw milk, pasteurized milk is heat-treated to kill off any viruses and remains safe to drink. The latest actions follow recalls of two lots of Raw Farm products after bird flu was first reported in raw milk samples on Nov. 24. Bird flu first surfaced in U.S. dairy cows in March. Since then, the virus has been spreading across the country, particularly in California, where nearly 500 of the more than 700 infected herds nationwide have been detected, the Associated Press reported. So far this year, the virus has infected 58 people in the United States, including 31 in California, according to the U.S. Centers for Disease Control and Prevention . Mild illnesses have been seen in dairy and poultry workers who had close contact with infected animals. No cases of bird flu spreading between people have been detected so far, the agency added. In a statement posted to its website, Raw Farm officials said they were working to restore raw milk supply quickly. “There are no illnesses associated with H5N1 in our products. But rather this is a political issue,” the post stated. “There are no food safety issues with our products or consumer safety. We are working towards resolving this political issue while being cooperative with our government regulatory agencies.” Any move to restrict public access to raw milk could be challenged by the incoming Trump administration, however. Robert Kennedy Jr., who has long criticized crackdowns on raw milk, has been nominated to run the U.S. Department of Health and Human Services and has vowed to push for greater distribution of raw milk products. More information The CDC has more on bird flu . SOURCE: U.S. Department of Agriculture, news release, Dec. 6, 2024; California Department of Public Health, news release, Dec. 4, 2024; Associated Press What This Means For You A California dairy farm has issued a full recall of its raw milk and cream after bird flu was discovered in more milk samples.
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