MG has a storied history, and in recent years it has established a strong presence in the Australian market, primarily by selling cheap cars with mass-market appeal. It’s currently ranked seventh in Australia’s new-vehicle sales chart, and while it isn’t on track to surpass its 2023 sales record, it’s still a top contender with an ever-expanding local model lineup. MG’s model range is being bolstered by the arrival of new and upgraded vehicles across a variety of market segments, which are serving to help the brand elevate itself up and away from its cheap-and-cheerful roots roots. Indubitably, it’s cheap cars like the MG 3 hatch that come to mind when MG is mentioned, though the all-new MG 4 electric hatch, the long-awaited new MG 3 and subsequent renewals of other models like the HS mid-sized SUV and ZS small SUV are helping to shift perceptions – as is the arrival of the $100,000-plus Cyberster electric sports car. But MG as we know it now is just its latest iteration, and there’s a lot more to the brand name than what’s happened in only the past 15 years. Most car enthusiasts and anyone middle-aged won’t be surprised to read MG was originally an entirely British manufacturer most notable for small sports cars loaded with charm. But did you know the MG name came from modifying another company’s vehicles? Or that the brand established its historical sporting pedigree through motorsport success as long ago as the 1930s? Here we’ll break all that down, including the factors that led to its eventual downfall in the early 2000s and its subsequent rebirth as a global automotive powerhouse under Chinese ownership. As the marque celebrates its 100th birthday, here’s everything you need to know about MG. Interested in an MG? CarExpert’s specialists can help get you in touch with a dealer . MORE: Everything MG MG – specifically MG Motor – is headquartered in Shanghai, China, and has been owned by the Chinese state-owned carmaker SAIC Motor since 2007. Many will know the MG badge for its much older origins though, and there’s plenty to unpack from its 100-year history. MG was established in 1924, when the first vehicles created by British car designer Cecil Kimber appeared in Oxford. Its origins aren’t as clear cut as other carmakers though, because the brand effectively began as an unofficial spin-off of Morris Garages – owned by British motor manufacturer William Morris. Morris Garages was an automobile retail sales and service centre in Oxford, where Mr Kimber was hired as a sales manager in 1921 and promoted to general manager in 1922. He went on to become the founder of MG. He began by modifying the standard production Morris Oxford, a model that had been in production since 1913. Mr Kimber’s modified versions were dubbed Kimber Specials, and they featured both Morris and MG badges. A reference to MG with its iconic octagon badge first appeared in a local newspaper in late 1923, and the symbol was later registered as a trademark by Morris Garages in 1924. In the same year, the MG 14/28 appeared as the company’s first recognised model, and in 1925 the MG Old Number One went on sale. Continued expansion over the coming years led to Morris Garages moving to several new locations, until a facility near the main Morris factory in Cowley, Oxford became its home in 1927. That factory provided the company its first opportunity to employ an actual production line. MG continued to grow and by 1928 it was large enough to warrant the establishment of an identity separate to the original Morris Garages, and so it was subsequently dubbed the M.G. Car Company in March 1928 – a name derived from its origins. 1928 also saw the launch of the first MG model that wasn’t a modified Morris, the MG 18/80. In October of that year it hosted its first exhibit at the London Motor Show, followed by another necessary relocation to a larger factory in Abingdon, Oxfordshire in 1929. In that year, it launched the first in a long line of its iconic sporty Midgets, the Morris-derived M-Type. The official M.G. Car Company was incorporated on July 21, 1930. It soon rolled out several small T-Series models that were later exported worldwide following World War II. Those cars achieved unexpectedly high success thanks to models like the MG TC, TD, and TF – all of which were based on the pre-war MG TB. Throughout the 1930s, MG also began enjoying success in motorsport after toppling British giants like Bentley. Mr Kimber stayed with the company as its managing director until 1935, when Mr Morris – who was still the company’s main shareholder – formally sold the M.G. Car Company to Morris Motors, which meant Mr Kimber was no longer the sole controlling owner. In the coming years the outbreak of WWII halted car production at MG, but it continued making basic items for the British army until Mr Kimber controversially obtained a contract to work on aircraft. He did so without prior approval, which led to company executives asking him to resign. He left in 1941 and soon found work elsewhere, though he was tragically killed in a railway accident at London’s King’s Cross station in 1945. In 1952, the M.G. Car Company and Morris were absorbed into the British Motor Corporation (BMC), which was created through a merger between Morris Motors and the Austin Motor Company. MG soon departed from its earlier pre-war designs to release the MGA in 1955. It was later followed by the iconic MGB in 1962, in response to demand for a more modern and comfortable sports car. From 1967 to 1969 a short-lived MGC was produced, which was based on the MGB but featured a larger, heavier six-cylinder engine and noticeably worse handling. Aside from those small sports cars though, many of MG’s cars under BMC were simply badge-engineered versions of models from other marques. One such car was the MG Midget of 1961, which was a rebadged and slightly restyled Austin-Healey Sprite. In 1966, BMC merged with Jaguar Cars to form British Motor Holdings (BMH), which itself merged with the Leyland Motor Corporation in 1968 to form the British Leyland Motor Corporation (BLMC). From the early 1970s under BLMC, the M.G. Car Company name disappeared and the MG marque began to only be used for rebadged models from BLMC’s other brands. The exception was the unsuccessful MGB GT V8, which was only in production from 1973 to 1976. While both the MGB and Midget designs were frequently modified to keep up to date with changing safety regulations, primarily in the United States, those two popular models were becoming outdated under BLMC ownership. MG’s step back during this period was largely caused by BLMC, later British Leyland, whose management and engineering staff were predominantly carried over from the former Leyland organisation. That was unfortunate for MG, as the Leyland company previously incorporated Triumph – its historically close rival. In fact, while Triumph was able to release new models during the 1970s like the TR7 and Dolomite, no new MG models were introduced except for that short-lived V8 MGB. Several distinct tiers emerged at British Leyland, with Triumph, Rover and Jaguar bundled into its Specialist Division, while MG was placed in the Austin-Morris division that generally made mass-produced family cars. Despite its lower status, MG proved to be profitable, though its profits were offset by substantial losses mounting from the rest of the Austin-Morris division. That meant any funding allocated to the division by British Leyland was diverted away from MG and instead to desperately needed mass-market models. That left MG with limited funding to maintain its tired lineup, let alone develop new models. The Abingdon plant closed as a result (bringing with it the death of the MGB and Midget), and in the 1980s MG returned to being used for badge-engineering Austin Rover models like the Metro, Maestro, and Montego. It wasn’t until 1992 that the MG marque reappeared in its own right, with the MG RV8 – an updated MGB Roadster with a V8 engine from Rover – previewed at that year’s Birmingham Motor Show. It entered low-volume production in 1993. That car was followed by the MG F in 1995, which was the first mass-produced all-new MG sports car since the death of the MGB in 1980. By that point, MG ownership had shifted hands multiple times. British Leyland became the Rover Group in 1986, which led to the MG marque being passed to British Aerospace in 1988 and then BMW in 1994. BMW sold the business in 2000, when the MG marque was passed on to the MG Rover Group based at the historic car factory in Longbridge, Birmingham. MG’s own sports cars continued to be sold alongside rebadged Rovers, and the lineup included the models like the MG ZS small sedan (a rebadged Rover 45) and the Rover 75 mid-sized sedan, both of which were sold in Australia in the mid-2000s. In 2005, the overarching MG Rover Group entered administration with £1.4 billion (~A$2.7 billion) in debt, and car production was suspended on April 7, 2005. Interestingly, the group wasn’t formally dissolved until May 2023. China had entered the MG picture as early as 2004, when reports of a joint venture between SAIC and MG Rover led to speculation from British media that a takeover was imminent. That initial venture fell through, and SAIC denied it had tried to purchase the company. In July 22, 2005, Nanjing Automobile Group purchased the rights to MG along with the MG Rover Group’s other assets, but it couldn’t acquire the Rover name from BMW and thus created Roewe. The company formed was titled NAC MG UK, and Nanjing Automobile later merged with SAIC Motor in 2007. Earlier in 2007 though, Nanjing had restarted MG production, which saw sports cars like the MG TF manufactured at Longbridge from 2008 to 2010. The company was renamed to MG Motor UK in 2009, and MG continues to be controlled by SAIC to this day. The first all-new MG in 16 years hit the market in the form of the MG 6 in 2011 – though it was derived from the SAIC-owned Roewe 550 and was thus distantly related to the Rover 75, which ended production in 2005. It was built both in China and in the United Kingdom at Longbridge, and was followed by the MG 3 in 2013. MG Motor ended production at the Longbridge plant in September 2016. MG vehicles have been primarily built in China ever since – with the exception of localised operations in countries like Thailand and India. SAIC has since designated MG as its main international brand, and it became China’s largest single-marque car exporter in 2019. MG Motor went on to sell around 840,000 units globally in 2023, when 88 per cent of its sales were outside of China. Apart from of SAIC-developed MG models, MG Motor also sells rebadged versions of other vehicles from SAIC-owned brands like Roewe (successor to Rover) and Maxus (founded by SAIC in 2011). One such vehicle is the second-generation MG HS, which is a rebadged version of the Chinese-market Roewe RX5. The new HS was released in 2024, alongside new-generation versions of the MG 3 and ZS, replacing Australia’s top-selling light car and small SUV, respectively. MG Motor has also since released its first roadster under Chinese ownership, the battery-electric Cyberster. Between 2020 and 2023, MG was one of the fastest-growing brands in the UK and Europe, and during the same period its Australian sales quadrupled. Its most popular global model continues to be the ZS, while MG’s sales were boosted by the arrival of its first electric vehicle (EV) developed from the ground up – the MG 4 in 2022. In 2023, China was MG Motor’s largest market with 99,441 sales. It was followed by the UK with 81,289, Mexico with 60,128, and Australia with 58,346. Interested in an MG? CarExpert’s specialists can help get you in touch with a dealer . MORE: Everything MG MG currently sells six distinct models in Australia, though there are several caveats. MG’s Australian lineup is as follows: Prices are based on a Victorian postcode, and all exclude on-road costs unless specified as drive-away (D/A). You can click the names of the cars in the table above to be taken to their dedicated CarExpert showrooms. Prices for the MG 3, 4, and 5 are all as-listed, though specific drive-away pricing for the MG 4 range is only listed for the base-spec Excite 51. It’s also worth noting there are currently several factory bonus deals available, which bring discounts for models like the ZS EV – check MG’s website for more details. There are also several ZS models, which can be explained as standard (ZS), updated and restyled (ZST), electric (ZS EV), and new-generation (ZS Hybrid+) – the latter of which is hitting showrooms this month and will be followed by new petrol versions early next year. The HS and 3 are now officially in their second-generation guises, while the all-new Cyberster has only just arrived in Australia and will go on sale next month. While the HS and 3 are two models that received significant updates this year, you can still purchase new previous-generation versions of both models while stocks last. The old MG 3 is currently discounted through MG’s run-out sale for $19,990 drive-away, alongside the old HS for either $28,990 drive-away or $30,990 drive-away depending on the variant. Similarly, the outgoing HS Plus EV plug-in hybrid is on sale for either $34,990 drive-away or $37,990 drive-away. We’ll now provide a top-line overview of each of the new and incoming models, though it’s worth checking out our individual price and specs articles for detailed information. These will be linked to the model’s name below. The MG 3 is the brand’s smallest model, and it’s available as either a standard petrol variant or the electrified Hybrid+. Each employ a 1.5-litre four-cylinder engine, and non-hybrids get a continuously variable transmission (CVT) compared to the ‘hybrid’ transmission in the Hybrid+. Drive is sent to the front wheels only. It’s a similar story with the MG 5 , though its higher-spec version adds a turbocharger and a dual-clutch transmission to its 1.5-litre four-cylinder petrol engine. Lower grades utilise a CVT, and all are front-wheel drive. A facelift for the MG 5 has been revealed in China, and it’ll likely arrive in Australia early next year. As for MG’s SUVs, there are currently two in the lineup. The smallest of the pair is the ZS, which has been on sale for some time and has just been released in next-generation Hybrid+ form. The outgoing ZS only has one variant available, which utilises a 1.5-litre four-cylinder engine and a four-speed torque converter transmission. It’s front-wheel drive only. Above that is the ZST , which is updated and restyled compared to the standard ZS. It’s front-wheel drive only and there are four variants; the bottom two use a 1.5-litre four-cylinder mated with a CVT, while the top two gain a 1.3-litre turbo three-cylinder and a six-speed torque converter automatic. The new-gen ZS Hybrid+ is arriving this month in two variants, both with a 1.5-litre four-cylinder engine. That’s mated with a three-speed motor-assisted hybrid transmission, with drive again sent to the front wheels only. There’s also the larger HS , which is now in its second generation. It’s sold in three variants, and all use a 1.5-litre turbo four-cylinder mated with a seven-speed dual-clutch automatic. MG’s EV range also includes SUVs with the ZS EV , which is sold in three variants. The two cheapest variants utilise a 50.3kWh battery pack for 320km of WLTP range, while the top-spec Long Range gains a 72kWh unit for a claimed range of 440km. Then there’s the dedicated-electric MG 4 , Australia’s cheapest EV, that is sold in five variants. The base Excite 51 is the only one to use a 51kWh battery for a claimed range of 350km, while the next two up use a 64kWh battery for ranges of 450km and 435km respectively. The Long Range 77 has a 77kWh battery pack and a claimed range of 530km, and all are rear-wheel drive. The odd one out is the XPower at the top of the range, which has a dual-motor all-wheel drive setup, a 64kWh battery, and 400km of driving range. Finally, MG Motor’s most unique global car to date is the all-electric Cyberster . It’s coming to Australia in one all-wheel drive variant, and it’s the most expensive car MG has ever brought here. The scissor-door convertible utilises a 77kWh battery pack for a claimed range of 443km, while MG says it can reach 0-100km/h in just 3.2 seconds. Interested in an MG? CarExpert’s specialists can help get you in touch with a dealer . MORE: Everything MG MG is primarily competing against auto brands that sell similarly affordable cars in Australia, namely Chery, GWM, Suzuki, Mitsubishi, and – at a stretch – Mazda. Firstly Chery, as it’s another Chinese brand competing in similar Australian market segments. Its Omoda 5 and Tiggo 4 Pro are strong rivals for the ZST and ZS respectively, largely due to their price and size. The entry-level Omoda 5 FX is priced at $27,990 drive-away, compared to the ZST Core’s $26,990 drive-away price tag. On the cheaper end, the Tiggo 4 Pro costs as little as $23,990 drive-away, while the ZS is priced from $20,990 drive-away. In terms of larger SUVs, the closest matched vehicles are the Chery Tiggo 7 Pro ($39,990 drive-away) and the MG HS ($34,990 drive-away). GWM – another Chinese manufacturer – competes against MG’s SUVs with its Haval-branded Jolion and H6 models, while the Ora EV is also a strong rival for the MG 4. The MG 3 is MG’s cheapest and smallest car, therefore making it a rival for the Suzuki Swift Hybrid . There are some differences though – the MG 3 is cheaper than the Swift Hybrid, and the cheapest Swift Hybrid offers a manual transmission instead of a CVT. Mitsubishi’s ASX small SUV goes up against the ZS on price in particular, while its larger models like the Eclipse Cross and Outlander can also be compared to the HS in size and price – though the HS wins out on standard tech. Mazda isn’t a direct rival for MG, though its smaller and older models like the Mazda 2 and CX-3 would likely be cross-shopped against the MG 3 (MG 5 in sedan guise) and ZS respectively. The key difference is Mazda’s cheapest models tend to offer a slightly higher level of luxury (albeit without being legitimately luxurious) than comparable MGs. Similarly, the Cyberster doesn’t currently have any direct competitors, given its unique positioning as an all-electric high-performance roadster. Interested in an MG? CarExpert’s specialists can help get you in touch with a dealer . MORE: Everything MG MG is currently Australia’s seventh-best selling auto brand, sandwiched between Mitsubishi in sixth and Isuzu in eighth. Against the above rivals on yearly sales to the end of October this year, MG (41,302) ranks considerably higher than both Chery (8956) and Suzuki (17,670), though there’s a much smaller gap to GWM (35,143). It’s still well behind Mazda (81,143) and Mitsubishi (62,588), the latter of which is currently enjoying a year-to-date sales increase of a sizeable 20.1 per cent. MG, meanwhile, is currently down 15.6 per cent on its figure from this time last year. That means MG is on track to fall short of its record sales figure of 58,346 in 2023, if it maintains October’s monthly sales of 5206 for the rest of the year. It is, however, only around 8000 units down on its 2022 sales figure of 49,582. MG remains Australia’s top-selling Chinese brand, with GWM currently its closest rival on the charts. The brand’s best-selling model here is the ZS, which has found 18,668 new homes so far this year. It’s worth noting that figure combines sales of the ZS, ZST, and ZS EV. It’s followed by the MG 3 on 10,421, but after that is a sizeable gap to the MG 4, its second most popular model with 5258 sales. Making up the rest of the total are the HS and MG 5 with 3530 and 3425 sales respectively. Interestingly, both the ZS and MG 4 made the sales top 20 for the month of October this year. The ZS ranked 11th, ahead of cars like the Toyota Corolla and Mazda CX-3 , while the MG 4 was 16th and ahead of the Isuzu MU-X and Hyundai i30 . Interested in an MG? CarExpert’s specialists can help get you in touch with a dealer . MORE: Everything MG MG has multiple new models on the way in 2025 alone, following the launch of several others in late 2024. The two recently launched new models are the Cyberster and the ZS Hybrid+ , which will be on sale shortly. The next new MG expected to arrive here is the MG 7 fastback , which entered production in China in 2022. It’ll fill the large sedan space currently unoccupied by MG, whose only current sedan is the smaller MG 5. On that note, an update to the MG 5 is expected to arrive at a similar time to the MG 7, and it’s expected to improve the current model’s ANCAP safety rating. Next up is the new petrol-powered ZS , which is expected to arrive in the first half of 2025. Though it follows the Hybrid+ version, it’ll feature the same design and bring the rest of the ZS range into the current generation. Similarly, a replacement for the ZS EV is expected to arrive in first half of next year – though it’ll likely look different to the new ZS and more like the S5 electric SUV spied in Australia earlier this year. Unlike the MG 3-based ZS, the S5 will share its platform with the MG 4. Another MG 4-influenced car is the second-generation Marvel R , which is another electric SUV but appears to be closer in size to the HS. The current Marvel R has been sold overseas for some time, but never in Australia. The second-generation version is expected to arrive in local showrooms in the first half of 2025. As MG’s largest SUV, however, the HS is expected to gain hybrid and plug-in hybrid versions in mid-2025. They’ll join the latest petrol HS, which itself arrived in Australia earlier this year. MG is also looking to bring its first seven-seat SUV to Australia in the future, and – like the HS – it’s expected to be a rebadged SUV from fellow SAIC brand Roewe. In this case it’ll be the RX9, but timing is unconfirmed. While MG has confirmed the RX9 for the Philippines, it may need a different name in Australia given Mazda owns the rights to the RX-9 trademark here. Interested in an MG? CarExpert’s specialists can help get you in touch with a dealer . MORE: Everything MG
Ex-Rep. Matt Gaetz Friday ruled out a possible return to Congress after dropping his bid to become President-elect Trump’s attorney general. The former Florida lawmaker told a right-wing podcast that he wouldn’t try to walk back his resignation from the deep-red seat that he recently won in a reelection landslide despite the implosion of his nomination amid sex-and-drug accusations. “I’m still going to be in the fight, but it’s going to be from a new perch but I do not intend to join the 119th Congress,” Gaetz told podcast host Charlie Kirk on Real America’s Voice. Gaetz, 42, praised the Republicans jostling for a chance to take his spot on Capitol Hill and called it “a pretty poetic time to allow that great new blood to come in.” The four-term Republican said he has “other goals in life,” without elaborating. “I’m going to be fighting for President Trump,” Gaetz said. “I’m going to be doing whatever he asks of me, as I always have. But I think that eight years is probably enough time in the United States Congress.” Gaetz, one of Trump’s most vocal supporters, resigned from Congress last week at the same day as Trump nominated him to be attorney general. Many interpreted the unusual move as a ploy to avoid the planned release of a damning House Ethics Committee report into drug and sex abuse allegations. At least two young women told the panel they were paid by Gaetz for sex at drug-fueled parties in Florida and during vacation jaunts. One was only 17 and a high school student at the time. He pulled the plug on his bid as more lurid allegations surfaced and GOP senators told him he couldn’t win confirmation. It’s unclear whether the report will ever be released now that he is no longer a member of Congress and no longer vying to be attorney general. Trump quickly moved to nominate former Florida Attorney General Pam Bondi in his place, a pick that drew favorable responses from GOP lawmakers and analysts. Gaetz could make a run for governor of the Sunshine State in 2026 when Gov. Ron DeSantis will be barred by term limits from running again. Some of Gaetz’s supporters have mentioned him as a possible candidate to be appointed to fill the soon-to-be-vacant U.S. Senate seat now held by Marco Rubio, who has been nominated for Secretary of State. DeSantis, who will make that pick, has kept quiet about who might be on his short list.
"Excessive" call wait times and disclosure violations led to $133,000 in fines for CenturyLink, according to the Washington Utilities and Transportation Commission . CenturyLink, also branded as Lumen Technologies or Lumen, was dinged for nine violations of failing to connect customers to a live representative within 60 seconds of them asking to speak with someone, as required by state law. The company is Washington's largest local telephone company, as well as a major internet service provider. Under state law, the automated phone system for a business or repair center "must provide a caller with an option to speak to a live representative within the first sixty seconds of the recorded message, or it must transfer the caller to a live representative within the first sixty seconds." The commission found an additional 169 infractions for failing to properly disclose business records to the commission as required by a 2017 law. The violations were recorded from March 2022 to November 2022, as well as March 2023 to February 2024, according to a news release. Each violation carries a $750 penalty that must be paid by Dec. 30. A spokesperson for Lumen Technologies did not immediately respond to a request for comment. This is not CenturyLink's first run-in with the commission tasked with regulating rates and services of utility companies. In July 2023, the company was fined almost $1 million for violating Gov. Jay Inslee's proclamation prohibiting telephone companies from disconnecting service due to nonpayment during the COVID-19 pandemic. Get local news delivered to your inbox!Pete Hegseth, President-elect Donald Trump's nominee for Secretary of Defense, is continuing to meet with Senators who will decide whether to approve his elevation to the post. There are still questions about reported sexual misconduct allegations, allegations of mismanagement of funds while leading a veterans' charitable organization, and questions about alcohol and drinking issues that he reportedly had while working at Fox News. Those questions have reportedly come up with Hegseth's meetings with senators. Hegseth met Monday with Sen. Joni Ernst, a Republican from Iowa, who is herself a military veteran and a sexual assault survivor. Sen. John Cornyn on Tuesday told reporters he has learned more about Hegseth's reported history with alcohol. "[Hegseth] admitted that coming back from deployment he and a lot of his young single service members did enjoy drinking and partying. I don't find that unusual or abnormal," Cornyn said. "He doesn't currently believe that he has a problem. He has in the past consumed alcohol, but I don't think he would be unique here on Capitol Hill or in the Pentagon for having done that." RELATED STORY | Trump doubles down on support for Hegseth amid contentious nomination process Cornyn and other Republican senators have also reiterated that the allegations of sexual misconduct against Hegseth so far come from anonymous accusers. It's still not clear if accusers would come forward before or during confirmation hearings. Hegseth is expected to meet soon with Republican Sen. Lisa Murkowski of Alaska, another pivotal voice in the Senate who could lend crucial support to Hegseth's nominations. Republicans have a large enough majority in the next Congress to not need Democratic votes to confirm any of Trump's cabinet nominations — but that majority is still slim enough that the party can sustain only a few defections.
The Lovesac Company Announces Third Quarter Fiscal 2025 Conference Call DateSalah nervelessly converted a 63rd-minute penalty, his 16th goal of the season, after French referee Benoit Bastien had been advised to take another look at Donny van de Beek’s clumsy challenge on Luis Diaz. In the process, he became just the 11th man to score 50 goals in the competition – Real Madrid’s Kylian Mbappe later also joined that exclusive club – on a night when victory at the Estadi Montilivi meant the six-time European champions will enter 2025 sitting proudly at the top of the table. ⭐️ A FIVE STAR PERFORMANCE ⭐️ | — FC Bayern (@FCBayernEN) France international Michael Olise produced a moment of magic to set the seal on Bayern Munich’s demolition of Shakhtar Donetsk and ease them towards the knockout stage. Olise’s brilliant stoppage-time run and finish capped a 5-1 victory for the Germans, in which he had early scored from the penalty spot, in Gelsenkirchen. Kevin’s fifth-minute strike had given the home side the perfect start, but Konrad Laimer levelled before Thomas Muller’s 55th goal in the competition sent the visitors in ahead at the break and set the stage for Olise’s double either side of Jamal Musiala’s strike. Jude Bellingham breathed life back into Real Madrid’s campaign as they held off Atalanta to earn a 3-2 victory in Bergamo. 🫲 🫱 — Real Madrid C.F. 🇬🇧🇺🇸 (@realmadriden) After Charles De Ketelaere had cancelled out Mbappe’s opener from the penalty spot, second-half goals from Vinicius Junior and Bellingham in quick succession put the visitors in charge, although Ademola Lookman’s 65th-minute strike meant the contest was alive until the final whistle. Ross Barkley took Aston Villa a step closer to automatic qualification with a late winner against RB Leipzig in Germany. Villa had led twice through John McGinn and Jhon Duran, but equalisers from Lois Openda and Christoph Baumgartner kept Leipzig in it until substitute Barkley struck five minutes from time to snatch a 3-2 victory. Goals from Goncalo Ramos, Nuno Mendes and substitute Desire Doue – his first in the competition – handed French champions Paris St Germain a much-needed three points after a comfortable 3-0 win at RB Salzburg. He's making a list and checking it twiceB04 won and Nordi scored – nice! 🎅 — Bayer 04 Leverkusen (@bayer04_en) Nordi Mukiele left it late to end Inter Milan’s unbeaten Champions League record as Bayer Leverkusen claimed a dramatic 1-0 victory at the BayArena. Mukiele struck in the 90th minute to inflict a first defeat across six games in this season’s competition on the Serie A champions – it was also the first goal they have conceded. Casper Nielsen came off the bench to fire Club Brugge to a 2-1 home victory over Sporting Lisbon after Eduardo Quaresma’s own goal had handed them a way back into the game following Geny Catamo’s early opener. Julien Le Cardinal’s first-half strike was enough to handed Brest a 1-0 victory over Eredivisie leaders PSV Eindhoven, while Kasper Schmeichel’s save from Marko Pjaca’s close-range 80th-minute header ensured Celtic returned from Dinamo Zagreb with a 0-0 draw.Early in the fall of 2024, a new novel from bestselling author Neal Stephenson – he of the historical sagas, tech fables, and doorstop tomes – galloped onto bookstore shelves and e-reader screens. “Polostan,” a swashbuckling mashup of spies, science, politics, and polo, unfolds in the 1920s and ’30s against a backdrop of souring U.S.-Soviet relations and rising rivalries. At the story’s center is a Russian American girl straddling the worlds of her Ukraine-born Bolshevik father, who calls her Aurora, and her Montana-raised cowgirl mother, to whom she is Dawn. It’s a bold and captivating look at power, loyalty, and the sustaining impulse to chart one’s own path. Mr. Stephenson recently discussed “Polostan,” the first in a planned series, via a video call with The Monitor. The interview has been edited and condensed. You’ve described “Polostan” as a passion project. Which elements of the story first grabbed you? I like writing historical fiction. Of all the projects I’ve worked on in my career, the ones that I have the fondest memories for tend to be the historical books. Even some of my science fiction-y books have historical content in them. So I wanted to go back to writing historical fiction on a big scale. My secret sauce is anything to do with science and technology. [“Polostan” features] a hugely important era in the history of the modern world, but one of the things that makes it interesting and important is what was happening, unbeknownst to most people, in the world of science at that time. The Dawn/Aurora character is a classic outsider – a bit adrift, never quite at home in either the U.S. or the Soviet Union. Has she been fun to write? Oh, very fun. One of the things that I enjoy doing is taking established tropes from literature or film and trying to come at them from a new angle. So there’s an established trope of the femme fatale Russian female agent. I thought, If somebody like that really existed during the era that I’m covering here, the ’30s and ’40s, then how could such a person have come into existence? How could you have somebody who’s equally conversant in both the English and Russian languages to the point where native speakers of those languages would assume she was born and raised in their country? It turned out it was actually pretty easy to tell that story in a realistic way because there was this era right after the Russian Revolution in the late teens and early 1920s, when there was a lot of back and forth between the Soviet Union and the United States. It was before we had the Cold War and before we had this state of hostility that’s existed between the two countries more recently. A lot of Americans with leftist sympathies went over there because they thought it was the future. And so it was pretty easy to find accounts of those kinds of people. It didn’t take long for them to sour on the whole thing and to see some of the negative aspects of what was going on. But for a few years people were going back and forth like this all the time. Why polo of all things? The more I learned about the sport, the more I became aware that the way we think of it now isn’t the way people thought of it a hundred years ago. Now, it’s probably the most upper-crust sport you can do. But a hundred years ago, it was also a sport that was played routinely by cavalry units all over the world as a training exercise. So in the Soviet Union, they played polo there because they had horse cavalry. And then I became aware that there were polo-pony ranches in eastern Wyoming around Gillette, where these ponies were bred, raised, trained, and sold to the international market. The people who worked on those ranches who were cowboys, cowgirls – white, Native American, Hispanic, Black – they played polo because it was part of their job. You can’t train one of these ponies without using it to play the sport. So my idea of what polo was changed to something that cut through all strata of society. And that gave me the idea that connections could be made between characters who normally wouldn’t have had anything to do with each other. This is such an interesting time to publish a story about U.S.-Russian spy games. How has the more recent history of the two countries shaped your thinking about the series? The big change that occurred since I started working on it about 10 years ago was the Russian invasion of Ukraine. Then, I may have been more inclined to see Russia and Ukraine as kind of more sibling countries and capable of somehow relating to each other in a more friendly way. Since the invasion, I started to educate myself a little bit and learned about the famine, the Holodomor, that wiped out millions of Ukrainians in 1933. Until I learned a little bit more about it, I was inclined to accept the view “Oh yeah, it’s too bad, the harvest failed; bad things happen, what a shame.” But when you actually read about what happened, you can see it was a sort of deliberate act of genocide that was carried out by decisions made in Moscow. It was a way of crushing Ukraine, and absorbing it more completely in the system that they wanted to build. It shouldn’t have been news to me, but it was. Is the series all mapped out? It’ll certainly be at least three [books]. Beyond that, never say never. The book is shorter and thinner than a lot of my books. That’s by design. My editor and I made the decision to bring them out as they’re ready, so publication will be spread out over a few years.None
Pandas An An and Ke Ke celebrate their 1st Christmas in Hong Kong HONG KONG (AP) — A pair of five-year-old pandas, named An An and Ke Ke, celebrated their first Christmas early in a Hong Kong park, munching on special treats and looking cute for the cameras. An An, the male panda, was presented with an ice slab that had “Merry Christmas” written on it with sweet potato and carrots while Ke Ke, his female companion, got a snowman garnished with slices of carrot and apple in a special press event Monday before visitors streamed to the park. China sent the pair to Hong Kong in late September in a bid to boost tourism in the city. Mickey, Minnie, Goofy and Wemby: Spurs-Knicks Christmas game is also an animated one at Disney World NEW YORK (AP) — There’s a Christmas Day basketball game at Walt Disney World, featuring Mickey, Minnie, Goofy and Wemby. While Victor Wembanyama and the San Antonio Spurs are facing the New York Knicks at Madison Square Garden, an alternate animated telecast will have the teams playing in the Magic Kingdom, with some Disney characters participating. The special alt-cast, the first animated presentation of an NBA game, will be shown on ESPN2 and also stream on Disney+ and ESPN+. 'Squid Game' returns looking for win with season 2 The first season of “Squid Game” was Netflix's most-watched series and went on to win a variety of accolades including the Emmy Award for lead actor in a drama series for Lee Jung-jae and a directing award for Hwang Dong-hyuk. The show returns for its second season on Dec. 26 and is already nominated for a Golden Globe for best drama. It's rare for TV shows made in Korea to have more than one season but Lee describes Hwang as “a genius.” A third and final season has already filmed. Netflix is also invested in expanding its “Squid Game” universe with a reality competition series and an English-language version in development. In the ruins of a bombed-out church in Lebanon, there's now a tiny Christmas tree DARDGHAYA, Lebanon (AP) — A Christmas tree stands among the fallen stones in the ruins of a Catholic church in southern Lebanon that was hit by an Israeli airstrike during the war with Hezbollah. It's a small and modest tree. There are no lights because the war destroyed power lines. The ground is too uneven to set up the Nativity scene. The priest says his blood pressure went up and he lost his balance when he saw the church's destruction. Now he leads Mass in an underground room that serves as a temporary worship space. He tells the community it “is more like the cave where Jesus was born.” Burt, the huge Australian crocodile who had a cameo in ‘Crocodile Dundee,’ dies at 90 The Crocosaurus Cove reptile aquarium in Darwin, Australia, says the huge crocodile that rose to fame with a cameo in the movie “Crocodile Dundee” has died. The aquarium says Burt died over the weekend and was at least 90 years old. A saltwater crocodile, Burt was estimated to be more than 5 meters long. The 1986 movie stars Paul Hogan as the rugged crocodile hunter Mick Dundee. In the movie, American Sue Charlton, played by actress Linda Kozlowski, goes to fill her canteen in a watering hole when she is attacked by a crocodile, before being saved by Dundee. Elaborate holiday light displays are making spirits bright in a big way CONCORD, N.H. (AP) — Tiny tots with their eyes all aglow might be enough to brighten some homes this holiday season. But others are adorned with thousands of blinking lights synched to blasting music. In Mesa, Arizona, 14 homeowners have been going all-out on holiday lights for 30 years, and those buying homes in the neighborhood often find the attics full of décor left behind by previous owners. In Santa Clarita, California, residents began coordinating their holiday lights to bring some joy to their community after an earthquake. And in Edmond, Oklahoma, those looking to the western sky will easily spot the Miranda family’s elaborate display featuring images and music from the movie “Wicked.” Santa braves the sticky heat of the Amazon jungle to bring gifts to children in Brazilian village CATALAO, Brazil (AP) — Santa Claus has braved the sticky heat of the Amazon rainforest this weekend, taking two boats to bring gifts to the children of a small village near the Brazilian city of Manaus. The visit was arranged by Amigos do Papai Noel, a Brazilian charity that has been taking gifts to children in the Amazon rainforest for the past 26 years. More than 600 children from different villages gathered in Catalao to receive presents from Santa, who dressed in his traditional nightcap, white gloves and red suit, while enduring the stifling jungle heat. NASA's Parker Solar Probe aims to fly closer to the sun like never before NEW YORK (AP) — A NASA spacecraft is about to make the closest approach to the sun. The Parker Solar Probe was launched in 2018 to get a close-up look at the sun. On Tuesday, Parker will pass within a record-breaking 3.8 million miles of the sun’s surface. That's nearly seven times closer to the sun than previous spacecraft. Scientists won’t hear from Parker until a few days after the flyby. It’ll continue circling the sun at this distance until at least September. Scientists hope to better understand what drives the solar wind and why the corona is so much hotter than the sun's surface. 174 Colorado skiers and snowboarders rescued after a lift cracks WINTER PARK, Colo. (AP) — Officials are investigating what caused a crack in a Colorado ski lift that forced the evacuation of over 170 stranded skiers and snowboarders. The evacuation happened Saturday on a gondola lift at Winter Park Resort. A spokesperson says the lift stopped automatically when a crack was detected in a structural piece of the lift. Passengers were lowered down by ropes over the course of about five hours. No injuries were reported during the rescues, which came at the start of the busy holiday season. 'Sonic 3' bests 'Mufasa: The Lion King' at the box office NEW YORK (AP) — In the holiday season battle of big-budget family movies, Paramount Pictures’ “Sonic the Hedgehog 3” sped past the Walt Disney Co.’s “Mufasa: The Lion King” to take the top spot at the box office. The results came just ahead of the lucrative Christmas corridor in theaters. According to studio estimates, “Sonic the Hedgehog 3” debuted with $62 million in ticket sales over the weekend. “Mufasa,” however, was humbled in its opening weekend, coming in notably shy of expectations. It returned just $35 million in domestic ticket sales.Russia is using bitcoin in foreign trade, finance minister saysDocusign Announces Third Quarter Fiscal 2025 Financial Results
Starting Jan. 1, older adults on Medicare will spend no more than $2,000 a year on prescription drugs when a new price cap on out-of-pocket payments from the Inflation Reduction Act goes into effect. Experts say the change is expected to provide major relief for cancer patients who often struggle to afford their medications due to the high cost of cancer drugs. Diana DiVito, of Canonsburg, Pennsylvania, recalls the shock she felt after she got her first co-payment for the cancer drug Imbruvica in 2016. The 83-year-old was diagnosed with chronic lymphocytic leukemia, a type of blood cancer that begins in the bone marrow, in 2005. She underwent treatment, including chemotherapy, and went into remission. When she had a recurrence, she started taking Imbruvica. By 2021, DiVito had spent $56,000 out-of-pocket on the daily pill. “The co-pays blew me away,” said DiVito, who added she’s been on limited income since her husband died in 2023. “It started out the first year was $8,500 out of pocket, and then it went up about $1,000 every year after that.” The new price cap will apply to all prescription drugs under Medicare Part D; it won’t apply to drugs given to patients in the hospital or other health care settings, such as chemotherapy or anesthesia. Medicare recipients will also have the new option of spreading their payments out over the course of the year , rather than paying a large co-payment all at once. Before the change, people on Medicare typically had to spend $7,000 or more out of pocket on their prescription drugs before they qualified for so-called catastrophic coverage, when insurance kicks in and covers most of the drug’s cost. Under this coverage, patients are charged a small co-payment or a percentage of a drug’s cost, usually 5%. Typically, DiVito would hit catastrophic coverage almost immediately after her plan reset each January. While that helped with costs for most of the year, it meant the first few prescriptions she filled were financially painful. Anticipating the cap next month, DiVito said she has much less stress and is spending a little more freely. “I’m being a little more generous with my grandchildren this Christmas,” she said. The Inflation Reduction Act’s $2,000 price cap comes after years of public outcry about the soaring cost of prescription drugs , including cancer medications, in the United States. The law introduced the cap gradually, starting with a cap of $3,250 on out-of-pocket spending on prescription drugs in 2024. More than 65 million people, mainly older adults, are enrolled in Medicare. A study published in September in JAMA Network Open found that annual out-of-pocket costs for cancer medications averaged $11,284 for Medicare Part D beneficiaries in 2023. (Part D refers to coverage for prescription drugs.) A separate report from the nonprofit group AARP found that 3.2 million Medicare recipients are expected to see savings from the out-of-pocket cap in 2025. By 2029, the number is expected to increase to 4.1 million enrollees. The report didn’t break down savings for people with certain conditions, such as cancer. However, research shows about 60% of cancer cases occur in adults 65 and older. On average, 1.4 million enrollees who reach the out-of-pocket cap from 2025 to 2029 are estimated to see annual savings of $1,000 or more, the AARP report found, and just over 420,000 will see savings of more than $3,000. Mary and Jim Scott of Oregon are among the Medicare enrollees expecting to see savings next year. In 2023, the couple’s out-of-pocket prescription drug expenses skyrocketed to $8,000, up from their previous annual average of $240. It was a difficult year during which Jim, 83, faced multiple serious health issues, including congestive heart failure, an acute kidney injury and bladder cancer. The new cap won’t apply to drugs given in a health care setting (these are covered under Medicare Part B), meaning Jim will still be responsible for the costs of chemotherapy not covered by his insurance. Still, Mary, 73, said the change offers a sense of relief after more than a year of struggling with the soaring costs of cancer care, making it easier for the couple to stay afloat and focus on what matters most: Jim’s health, their grandchildren, their dog and their garden. “We’re not planning any amazing trips. We’re still needing to live our low-key lives,” Mary said. “But by the end of the summer, maybe we’ll be able to put up some new siding on the house and do a few things that we’ve deferred.” Juliette Cubanski, deputy director of the Medicare policy program at KFF, a nonprofit group that researches health policy issues, noted that in the nearly 20 years since Medicare Part D was introduced, there has never been an annual cap on out-of-pocket costs. She co-wrote an analysis that found about 1.5 million people on Medicare had out-of-pocket prescription drug costs exceeding $2,000 in 2021 and would have benefited from the cap. Of the 1.5 million, about 200,000 Medicare enrollees spent $5,000 or more for their prescriptions that year. “So, for people who need really expensive drugs or who take a lot of medications where the monthly cost adds up, they may have had to pay several thousands of dollars out of pocket each year,” she said. Many people on Medicare are retired and live on fixed incomes, Cubanski said, meaning people often go deep into debt or even bankrupt. Arthur Caplan, the head of the division of medical ethics at NYU Langone Medical Center in New York City, said that’s especially true for cancer patients: A survey from the American Cancer Society’s Cancer Action Network published in May found that nearly half of cancer patients have medical debt, despite most being insured. “We have many emerging treatments for cancer,” Caplan said. “They are hugely expensive.” Cubanski said that even for those who don’t spend more than $2,000 a year, the cap is still important. “The unfortunate truth is we’re all one scary diagnosis away from needing an expensive drug,” she said. George Valentine, 73, of Philadelphia, said he was at his annual physical in 2002 when his doctor noticed something unusual in his test results. Further testing revealed he had chronic lymphocytic leukemia. The medications he needed came with a hefty price tag — around $14,000 a month. While he was working in the information technology industry, this wasn’t a major issue because his job-based health insurance included an out-of-pocket maximum, which he hit every year. However, when Valentine retired in 2019, he discovered a significant gap in Medicare’s coverage. Unlike his previous insurance, Medicare had no out-of-pocket spending limit, leaving him responsible for 5% of his medication costs after reaching the catastrophic coverage phase. “Five percent of $14,000 is a lot of money,” he said. “I would get to the catastrophic phase by February in any given year, and for the rest of the year I had this burden of $700 or around there every month and it never ended.” Valentine, now an advocate for the PAN Foundation, a patient financial assistance group for people with life-threatening chronic conditions, said he would prefer the out-of-pocket cap in the New Year to be “zero.” Still, he added, with the $2,000 cap he can now at least sleep at night. “All that matters is when I hit $2,000, I’m done,” he said. This story first appeared on NBCNews.com. More from NBC News:Suspect in the killing of UnitedHealthcare’s CEO struggles, shouts while entering courthouseWill not let off anyone involved in cooperative fraud: Minister Gurung
ORCHARD PARK, N.Y. — In losing Sunday’s battle with the Buffalo Bills, perhaps the best team in football, Jerod Mayo won the war. Best I can tell, he’s staying put. For 2025, and maybe beyond. To his angry fan base and incredulous pockets of the New England Patriots’ media corps, remember Mayo’s future doesn’t hinge on winning this season. It’s not about what you want, or what I think. It’s about the Krafts, who hand-picked Mayo to succeed Bill Belichick four and a half years before he actually did, believing in him, and finding reasons to maintain that belief. In the eyes of someone who wants to believe, Sunday supplied enough reason. The Patriots led at halftime, then lost by three as 14-point underdogs. They became the first team since mid-October to hold the Bills under 30 points. Drake Maye outplayed the next MVP of the league for most of the game and took another step toward his destiny as a franchise quarterback, If that sounds like a low bar, that’s because it is. Such is life in Year 1 of a rebuild, a multi-year process ownership has committed to seeing through to the end with their organizational pillars now in place: Mayo, Maye and de facto GM Eliot Wolf. As frustrating as this 3-12 campaign has been, there are always nuggets of optimism amid the rubble of a losing season; particularly if you want to find them. The Krafts do, and so does Maye, who loves his head coach, by the way; calling questions about Mayo’s job security “BS.” “We’ve got his back,” Maye said post-game. Maye’s voice matters. Certainly more than any number of fans or media members. Ever since media-fueled speculation that Mayo could get canned at the end of his first season began rising, the caveat has always been the same: if, a Gillette Stadium-sized “if,” the Patriots bomb atomically down the stretch, ownership could pull the plug on Mayo. NFL Network insider Ian Rapoport became the latest to join that chorus Sunday with this pregame report: “The Krafts want to keep Jerod Mayo,” he said. “They believe he is the leader for the organization for the future, and they knew it would be a multi-year process to get this thing right. Now if things go off the rails, if they really start to struggle and he loses the locker room the last couple games of the season, we’ve seen this thing turn. “But as of now, the Patriots believe Jerod Mayo is their leader for the future.” Well, Mayo hasn’t lost the locker room. That’s a fact. To a man, both in public and from those I’ve spoken to in private, Patriots players believe in their head coach. Mayo might be a players’ coach, yes, in the best and worst senses. But the Patriots were a few plays away Sunday from pulling off their largest upset since Super Bowl XXXVI. “I think we’re building something good,” Maye said. The Patriots also played their best half of football this season against their toughest opponent yet. Another fact. Now, to the frustrated, I am with you. To the shocked, I understand. But to the trigger-happy, lay down your arms. Mayo, by all accounts, is returning in 2025. Alex Van Pelt, however, is another story. In the same vein that the Krafts could have viewed Sunday’s performance as a reason to save Mayo — despite his pathetic punt at midfield, down 10 with just eight and a half minutes left — they could have convinced themselves their offensive coordinator is the real problem. After all, team president Jonathan Kraft was visibly exasperated over Van Pelt’s play-calling during the Pats’ loss at Arizona a week earlier. Four days later, Van Pelt told reporters he had yet to hear from his boss. Well, that time may be coming. Trailing by three in the fourth quarter Sunday, Van Pelt called a pass that resulted in an unnecessary lateral and game-winning touchdown for Buffalo. His offense later operated like it was taking a Sunday drive with the game on the line, using up 3:16 of the final 4:19 en route to its final touchdown. Van Pelt, finally, weaponized Maye’s legs in critical situations, something that arguably should have been done weeks ago. Not to mention, Van Pelt’s top running back can’t stop fumbling, and the offensive line remains a hot mess. Call him Alex Van Fall Guy. Because Van Pelt’s offense, for the first time in a while, under-performed relative to Mayo’s defense. On merit, he deserves to stay; a case that’s harder to make for defensive coordinator DeMarcus Covington. But it’s not about merit this season. It’s not about what you want. It’s not about what I think. It’s about the Krafts; what they see, what they want, what they believe. Even in defeat. ©2024 MediaNews Group, Inc. Visit at bostonherald.com . Distributed by Tribune Content Agency, LLC.SAN DIEGO, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Maravai LifeSciences Holdings, Inc. (“Maravai” or the “Company”) (NASDAQ: MRVI), a global provider of life science reagents and services to researchers and biotech innovators, announced that Carl Hull will retire from his position as Executive Chairman of the Board and that the Board of Directors has unanimously elected R. Andrew Eckert to succeed him as Chairman of the Board, effective December 5, 2024. Carl Hull founded Maravai in 2014 and served as Chief Executive Officer, assuming the role of Executive Chairman in October 2022. “Leading Maravai has been the single most rewarding experience in my career. I am extremely proud of what we have accomplished together over the past 10 years,” stated Carl Hull. “I extend my sincere thanks to Trey Martin, our CEO, the rest of our leadership team and to the dedicated employees across the world who enthusiastically serve our customers and their communities every day. I am excited about the company’s future prospects and am confident that Maravai has the team, the talent, and the technology to deliver on its long-term objectives.” "On behalf of the entire Board, I thank Carl for his incredible commitment to Maravai since he founded the Company in 2014.” said Constantine (“Dean”) Mihas, Board member and Co-CEO of GTCR. “I congratulate him for his distinguished career and deeply appreciate his vision and unwavering service to building Maravai and positioning the company for long-term success. He has been a model of corporate leadership and integrity in our industry and beyond, and we wish him well in his well-deserved retirement." Mihas continued, “We also want to welcome Andy as our new Chair and Board member. Andy is a healthcare industry veteran with extensive experience as an executive officer of several healthcare companies. He brings deep knowledge of operations, strategic planning, product development and marketing to our Board and has valuable corporate governance insight gained from having served as Chief Executive Officer and Director of publicly held companies. We look forward to leveraging his impressive executive experience to help guide Maravai to achieve significant scale.” “I'm honored to join the Board of Directors at Maravai, a company dedicated to innovation to help our customers improve human health,” said Eckert. “I look forward to contributing to the success and transformative impact of this remarkable organization while concurrently driving long-term shareholder value." About R. Andrew Eckert Mr. Eckert is a Senior Adviser to Permira, a global private equity leader. Prior to Permira, he served as CEO of Zelis, a healthcare payments and cost containment business. Before Zelis, he served as CEO of wound care leader Kinetic Concepts, Inc. (KCI) from 2017 until its sale to 3M in 2019. Prior to joining KCI, he served as Chief Executive Officer of Valence Health, an emerging leader in value-based healthcare, until its sale in 2016. Andy previously served as Chief Executive Officer of TriZetto, a leader in payer information technology (acquired by Cognizant), and as Chairman and Chief Executive Officer of CRC Health Group, a leading behavioral health treatment provider (acquired by Acadia). Earlier in his career, he was Chief Executive Officer of Eclipsys Corporation from 2005 to 2009, and Chief Executive Officer of SumTotal Systems from 2002 to 2005. Andy began his career at ADAC Laboratories, including four years as Chairman and Chief Executive Officer until its sale to Philips Medical Systems in 2000. Andy has served on several corporate boards and is currently the Chairman of Kipu Health, Lead Director at Fortrea (NASDAQ: FTRE), and a Director at Becton, Dickinson and Company (NYSE: BDX). He was Chairman of Varian Medical Systems for seven years until its acquisition by Siemens Healthineers in 2021. He has a Bachelor of Science in Industrial Engineering and a Master of Business Administration, both from Stanford University. About Maravai Maravai is a leading life sciences company providing critical products to enable the development of drug therapies, diagnostics, and novel vaccines and to support research on human diseases. Maravai’s companies are leaders in providing products and services in the fields of nucleic acid synthesis and biologics safety testing to many of the world's leading biopharmaceutical, vaccine, diagnostics and cell and gene therapies companies. Forward-looking Statements This press release may contain "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Investors are cautioned that statements in this press release which are not strictly historical statements constitute forward-looking statements, including, without limitation, statements related to the expectation that Mr. Eckert will help Maravai achieve scale and drive long-term shareholder value, constitute forward-looking statements identified by words like “plan,” “will,” “expect,” “may,” “anticipate,” or “could” and similar expressions. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated, including, without limitation, the risks and uncertainties described in greater detail in the “Risk Factors” section of our most recent Annual Report on Form 10-K and other filings with the U.S. Securities and Exchange Commission. Actual results may differ materially from those contemplated by these forward-looking statements, and therefore you should not rely upon them. These forward-looking statements reflect our current views and we do not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the date hereof except as required by law.
PLEASANTON, Calif. , Dec. 23, 2024 /PRNewswire/ -- 10x Genomics, Inc. (Nasdaq: TXG), a leader in single cell and spatial biology, announced today it had secured a permanent injunction in the U.S. District Court for the District of Delaware against the GeoMx products sold by Bruker Corporation (Nasdaq: BRKR), which acquired the product line from NanoString Technologies. To minimize the risk of disruption to ongoing research, 10x Genomics requested a carve-out for GeoMx users who installed an instrument prior to the trial in November 2023 . The injunction, which the Court said it will enter in January 2025 , is expected to prohibit Bruker from making, using, selling or offering to sell in the United States its GeoMx Digital Spatial Profiler and associated instruments, reagents and services for RNA and protein detection. At the request of 10x Genomics, the injunction will not block ongoing research by researchers who installed a GeoMx instrument prior to November 18, 2023 . Such customers can continue to purchase GeoMx reagents for use with existing GeoMx instruments for purposes of continuing their ongoing research. The Court found that making such an exception for ongoing research strikes a "workable balance between protecting the patentee's rights and protecting the public from the injunction's adverse effects." In addition, the Court affirmed the $31 million damages awarded by the November 2023 jury verdict, as well as supplemental damages and interest that will be added to the total damages when final judgment is entered. "Today's decision helps to safeguard our decade-long investment in innovation and ensures we can continue to develop groundbreaking technologies that help our customers revolutionize science," said Eric Whitaker , Chief Legal Officer at 10x Genomics. "10x exists to fuel scientific progress – not stifle it – and that is why we've done our utmost to ensure this injunction was structured to protect both our intellectual property and existing GeoMx customers' ongoing research." The Court recognized the harm NanoString's infringing conduct caused 10x when it wrote in its ruling, "Having been careful not to license its technology, 10x suffers when it proclaims itself as an innovator in spatial genomics but a competitor is using the same innovative, patented technology." Today's Court decision follows a November 2023 jury verdict that found that NanoString's GeoMx products willfully infringed seven patents exclusively licensed to 10x Genomics by Prognosys. During the trial, the jury heard testimony from the sole inventor of the patents, Illumina co-founder Mark Chee , and NanoString CEO Brad Gray and NanoString CSO Joe Beechem. After hearing all of the evidence, the jury determined that all seven patents had been infringed by NanoString, that each patent was valid, that NanoString willfully infringed those patents and that monetary damages were owed to 10x for the infringement of all seven patents. In affirming the jury's finding that NanoString willfully infringed, the Court relied on the evidence showing that NanoString knew or was willfully blind that its acts would cause infringement of 10x's rights. The asserted patents in Case No. 21-cv-653-MFK include (a) U.S. Patent No. 10,472,669; (b) U.S. Patent No. 10,961,566; (c) U.S. Patent No. 10,983,113; (d) U.S. Patent No. 10,996,219; (e) U.S. Patent No. 11,001,878; (f) U.S. Patent No. 11,008,607 and (g) U.S. Patent No. 11,293,917. About 10x Genomics 10x Genomics is a life science technology company building products to accelerate the mastery of biology and advance human health. Our integrated solutions include instruments, consumables and software for single cell and spatial biology, which help academic and translational researchers and biopharmaceutical companies understand biological systems at a resolution and scale that matches the complexity of biology. Our products are behind breakthroughs in oncology, immunology, neuroscience and more, fueling powerful discoveries that are transforming the world's understanding of health and disease. To learn more, visit 10xgenomics.com or connect with us on LinkedIn or X (Twitter) . Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the "safe harbor" created by those sections. All statements included in this press release, other than statements of historical facts, may be forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "might," "will," "should," "expect," "plan," "anticipate," "could," "intend," "target," "project," "contemplate," "believe," "see," "estimate," "predict," "potential," "would," "likely," "seek" or "continue" or the negatives of these terms or variations of them or similar terminology, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include statements regarding litigation and remedies as well as possible outcomes of litigation. These forward-looking statements do not reflect that our success will depend on our ability to obtain, maintain and protect our intellectual property rights, intellectual property litigation could be expensive, time-consuming, unsuccessful and could interfere with our ability to develop, manufacture and commercialize our products or technologies, litigation outcomes are unpredictable or there may be changes in our litigation strategy. These statements are based on management's current expectations, forecasts, beliefs, assumptions and information currently available to management. Actual outcomes and results could differ materially from these statements due to a number of factors and such statements should not be relied upon as representing 10x Genomics, Inc.'s views as of any date subsequent to the date of this press release. 10x Genomics, Inc. disclaims any obligation to update any forward-looking statements provided to reflect any change in 10x Genomics' expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. The material risks and uncertainties that could affect 10x Genomics, Inc.'s financial and operating results and cause actual results to differ materially from those indicated by the forward-looking statements made in this press release include those discussed under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the company's most recently-filed 10-K for the fiscal year ended December 31, 2023 and elsewhere in the documents 10x Genomics, Inc. files with the Securities and Exchange Commission from time to time. Disclosure Information 10x Genomics uses filings with the Securities and Exchange Commission, our website ( www.10xgenomics.com ), press releases, public conference calls, public webcasts and our social media accounts as means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD. Contacts Investors: investors@10xgenomics.com Media: media@10xgenomics.com View original content to download multimedia: https://www.prnewswire.com/news-releases/us-district-court-awards-10x-genomics-permanent-injunction-in-patent-infringement-lawsuit-against-bruker-corporations-geomx-products-302338627.html SOURCE 10x Genomics, Inc.
FOXBOROUGH, Mass. (AP) — Drake Maye’s arrival in New England coincided with a wholesale reset for the Patriots franchise following the departure of coach Bill Belichick and quarterback Mac Jones this past offseason. In his eight starts since assuming the reins from veteran Jacoby Brissett, the rookie quarterback has provided encouraging examples of what the Patriots’ revamped front office saw in selecting him third overall in the draft last April. While the Patriots enter their bye week with a 3-10 record and just 2-6 with Maye as the starter, both the coaching staff and his teammates feel they have a quarterback they can build around going forward. “I’m just trying to take it one day at a time, one game at a time,” Maye said this week. “I’m trying to learn from negative experiences or negative plays, learn from turnovers, learn from sacks that I take and see if I can get the ball out and do something better. That’s probably the biggest thing. "Hopefully, the work that we’re putting in and the product that we’re putting out can lead to some positive plays and some positive wins down the road.” Maye is coming off his best statistical performance of the season, completing a season best 80% of his passes (24 of 30) for a season-high 238 yards and a touchdown in New England’s 25-24 loss to Indianapolis. He also had a 41-yard run, showing off a running ability that has him averaging 9.1 yards per carry – best among quarterbacks who have played at least nine games. Maye did have one interception off a tipped ball, but showed his best command of offensive coordinator Alex Van Pelt’s scheme to date, spreading the ball around to six different players and consistently getting the Patriots into the red zone. The rub is that the Patriots were just 2 of 6 once they got there, including four trips inside the 10-yard line that yielded only one TD. Lackluster play in the red zone has been a hindrance for a unit that ranks 30th in the NFL in scoring touchdowns inside the 20. Maye said it will be one of his main focal points over the final four games. “It’s tough to go out like that,” Maye said. “You can’t win games going four drives in the red zone that end in field goals. We’ve got to focus in on that. I think that’s been an emphasis of improvement for this offense. We know you have to score touchdowns to win in this league.” Though coach Jerod Mayo agrees there is room for improvement for Maye, he also pointed out that the pieces around him need to do a better job supporting him as well. He pointed specifically to the offensive line, singling out rookie left guard Layden Robinson and rookie tackle Caedan Wallace, as well as fellow lineman and 2022 first-round pick Cole Strange, who is working his way back from a knee injury. “You need a guy like Layden Robinson to show what he can do. We need a guy like Cole Strange before the end of the season to see what he can do,” Mayo said. “You can use Caedan in that same bucket. We need to see what the receivers can do and what they’re going to look like going forward, and that’s the hard part for me. You want to win right now, but at the same time, I think it would be a disservice to go to the end of the season and not know exactly what we have.” That’s not lost on Robinson, who wants to play better for his quarterback who he said has grown exponentially as a leader since earning the starting job. “He always has that confidence about him and you know how he takes control of the huddle,” Robinson said. “He gets in there, and he’s like, ‘All right, let’s go to work,’ basically. We rally behind him.” Results aside, Van Pelt said there are no regrets about initially waiting to elevate Maye to the starting job. “Absolutely not. I think we had the plan going into place, and I think that it’s showing now that that was a good decision for us,” Van Pelt said. “Would he be as developed had he started the first game? Maybe. Could’ve gone the other way as well. I stated in the spring, this is a marathon, it’s not a sprint. "This is about a career, franchise quarterback, and we’re trying to develop him in the right way. And I feel like we did it that way.” AP NFL: https://apnews.com/hub/nfl
CHICAGO , Dec. 23, 2024 /PRNewswire/ -- Katten announced today that the firm advised CleanSpark Inc. on a $650 million convertible senior notes offering. Mark Wood , Partner and Co-Chair of the Capital Markets practice, led the Katten team that advised the company in connection with its offering of $650 million aggregate principal amount of 0.00% convertible senior notes due 2030. The notes were sold to the initial purchasers, led by Cantor Fitzgerald & Co. as Lead Book-Running Manager, in a private offering for resale to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act). The issuance and sale of the notes closed on December 17, 2024 . In connection with the pricing of the notes, CleanSpark entered into capped call transactions with various counterparties and repurchased approximately $145 million of its common stock. ICR Capital LLC served as financial advisor to CleanSpark in connection with this offering. "We congratulate our client CleanSpark on successfully completing its first-ever 144A convertible notes offering," Wood said. "It has been a privilege to work alongside the CleanSpark team as it has led CleanSpark's growth in the bitcoin mining industry." CleanSpark is a market-leading, pure play Bitcoin miner. The company owns and operates a portfolio of mining facilities across the United States . Katten regularly advises companies within the cryptocurrency and blockchain industries, combining its regulatory expertise and deep experience in a wide range of sophisticated transactions to deliver holistic legal advice to companies in this industry. The Katten team also included Capital Markets Partners Elizabeth McNichol and Timothy Kirby , and Associates Maximillian Licona and Michael Tremeski; Financial Markets and Funds Partner Krassi Zourkova and Associate Eli Krasnow; and Transactional Tax Planning Partner Todd Hatcher and Associate Jeffrey Ng. Katten is a full-service law firm with approximately 700 attorneys in locations across the United States and in London and Shanghai . Clients seeking sophisticated, high-value legal services turn to Katten for counsel locally, nationally and internationally. The firm's core areas of practice include corporate, financial markets and funds, insolvency and restructuring, intellectual property, litigation, real estate, structured finance and securitization, transactional tax planning, private credit and private wealth. Katten represents public and private companies in numerous industries, as well as a number of government and nonprofit organizations and individuals. For more information, visit katten.com . Contact: Jacquelyn Heard +1.312.902.5450 jackie.heard@katten.com Leonor Vivanco-Prengaman +1.312.577.8371 leonor.vivanco-prengaman@katten.com View original content to download multimedia: https://www.prnewswire.com/news-releases/katten-advises-cleanspark-on-650-million-convertible-senior-notes-offering-302338629.html SOURCE Katten
Andrew Callahan: It’s time to forget about Jerod Mayo getting fired
HPE stock rises as Q4 results top estimates, guidance impressesALTOONA, Pa. — The man accused of killing UnitedHealthcare’s CEO struggled with deputies and shouted while being led into court Tuesday as new details emerged about his possible motivation behind the ambush. In his first public words since a five-day search ended with his arrest at a McDonald’s in Pennsylvania, Luigi Nicholas Mangione emerged from a patrol car shouting about an “insult to the intelligence of the American people” while deputies pushed him inside a courthouse. The 26-year-old Ivy League graduate from a prominent Maryland real estate family is fighting attempts to extradite him to New York to face a murder charge in the Manhattan killing of Brian Thompson, who led the United States’ largest medical insurance company. A law enforcement bulletin obtained by The Associated Press said that at the time of his arrest, Mangione carried a handwritten document expressing anger with what he called “parasitic” health insurance companies and a disdain for corporate greed and power. He wrote that the U.S. has the most expensive health care system in the world and that profits of major corporations continue to increase while “our life expectancy” does not, according to the bulletin. In social media posts, Mangione called “Unabomber” Ted Kaczynski — who carried out a series of bombings while railing against modern society and technology — a “political revolutionary,” according to the bulletin. Mangione remained jailed in Pennsylvania, where he was initially charged with possession of an unlicensed firearm, forgery and providing false identification to police. Manhattan prosecutors began to take steps to bring Mangione to New York, but at a brief hearing Tuesday, defense lawyer Thomas Dickey said his client will not waive extradition and instead wants a hearing on the issue. Mangione was denied bail after prosecutors said he was too dangerous to be released. “You can’t rush to judgment in this case or any case,” Dickey said afterward. “He’s presumed innocent. Let’s not forget that.” New York Gov. Kathy Hochul said Tuesday night on the social platform X that she will sign “a request for a governor’s warrant to ensure the suspect in the murder of Brian Thompson is held accountable in New York.” Mangione was arrested in Altoona, Pennsylvania, about 230 miles west of New York City, after a McDonald’s customer recognized him and notified an employee, authorities said. An image of Mangione released Tuesday by Pennsylvania State Police showed him pulling down his mask in the corner of the McDonald’s while holding what appeared to be hash browns and wearing a winter jacket and beanie. New York police officials said Mangione was carrying a gun like the one used to kill Thompson and the same fake ID the shooter had used to check into a New York hostel, along with a passport and other fraudulent IDs. A law enforcement official who spoke with The Associated Press on condition of anonymity said a handwritten document found with Mangione included a line in which he claimed to have acted alone. “To the Feds, I’ll keep this short, because I do respect what you do for our country. To save you a lengthy investigation, I state plainly that I wasn’t working with anyone,” the document said, according to the official. It also said, “I do apologize for any strife or traumas but it had to be done. Frankly, these parasites simply had it coming.” Thompson, 50, was killed last Wednesday as he walked alone to a Manhattan hotel for an investor conference. From surveillance video, New York investigators determined the shooter quickly fled the city, likely by bus. Mangione was born into a life of country clubs and privilege. His grandfather was a real estate developer and philanthropist. Valedictorian at his elite Baltimore prep school, he went on to earn undergraduate and graduate degrees in computer science in 2020 from the University of Pennsylvania, a spokesperson said. “Our family is shocked and devastated by Luigi’s arrest,” Mangione’s family said in a statement posted on social media late Monday by his cousin, Maryland Del. Nino Mangione. “We offer our prayers to the family of Brian Thompson and we ask people to pray for all involved.” From January to June 2022, Luigi Mangione lived at Surfbreak, a “co-living” space at the edge of touristy Waikiki in Honolulu. Like other residents of the shared penthouse catering to remote workers, Mangione underwent a background check, said Josiah Ryan, a spokesperson for owner and founder R.J. Martin. “Luigi was just widely considered to be a great guy. There were no complaints,” Ryan said. “There was no sign that might point to these alleged crimes they’re saying he committed.” At Surfbreak, Martin learned Mangione had severe back pain from childhood that interfered with many aspects of his life, from surfing to romance, Ryan said. Mangione left Surfbreak to get surgery on the mainland, Ryan said, then later returned to Honolulu and rented an apartment. Martin stopped hearing from Mangione six months to a year ago. Mangione Mangione Get local news delivered to your inbox!
3 recipes to help you through the busy holiday seasonSalah nervelessly converted a 63rd-minute penalty, his 16th goal of the season, after French referee Benoit Bastien had been advised to take another look at Donny van de Beek’s clumsy challenge on Luis Diaz. In the process, he became just the 11th man to score 50 goals in the competition – Real Madrid’s Kylian Mbappe later also joined that exclusive club – on a night when victory at the Estadi Montilivi meant the six-time European champions will enter 2025 sitting proudly at the top of the table. ⭐️ A FIVE STAR PERFORMANCE ⭐️ #FCBayern #MiaSanMia | #SHAFCB #UCL pic.twitter.com/WELoxugaGn — FC Bayern (@FCBayernEN) December 10, 2024 France international Michael Olise produced a moment of magic to set the seal on Bayern Munich’s demolition of Shakhtar Donetsk and ease them towards the knockout stage. Olise’s brilliant stoppage-time run and finish capped a 5-1 victory for the Germans, in which he had early scored from the penalty spot, in Gelsenkirchen. Kevin’s fifth-minute strike had given the home side the perfect start, but Konrad Laimer levelled before Thomas Muller’s 55th goal in the competition sent the visitors in ahead at the break and set the stage for Olise’s double either side of Jamal Musiala’s strike. Jude Bellingham breathed life back into Real Madrid’s campaign as they held off Atalanta to earn a 3-2 victory in Bergamo. 🫲 @BellinghamJude 🫱 #UCL pic.twitter.com/jTynK04akR — Real Madrid C.F. 🇬🇧🇺🇸 (@realmadriden) December 10, 2024 After Charles De Ketelaere had cancelled out Mbappe’s opener from the penalty spot, second-half goals from Vinicius Junior and Bellingham in quick succession put the visitors in charge, although Ademola Lookman’s 65th-minute strike meant the contest was alive until the final whistle. Ross Barkley took Aston Villa a step closer to automatic qualification with a late winner against RB Leipzig in Germany. Villa had led twice through John McGinn and Jhon Duran, but equalisers from Lois Openda and Christoph Baumgartner kept Leipzig in it until substitute Barkley struck five minutes from time to snatch a 3-2 victory. Goals from Goncalo Ramos, Nuno Mendes and substitute Desire Doue – his first in the competition – handed French champions Paris St Germain a much-needed three points after a comfortable 3-0 win at RB Salzburg. He's making a list and checking it twiceB04 won and Nordi scored – nice! 🎅 pic.twitter.com/8bs6FGUaHz — Bayer 04 Leverkusen (@bayer04_en) December 10, 2024 Nordi Mukiele left it late to end Inter Milan’s unbeaten Champions League record as Bayer Leverkusen claimed a dramatic 1-0 victory at the BayArena. Mukiele struck in the 90th minute to inflict a first defeat across six games in this season’s competition on the Serie A champions – it was also the first goal they have conceded. Casper Nielsen came off the bench to fire Club Brugge to a 2-1 home victory over Sporting Lisbon after Eduardo Quaresma’s own goal had handed them a way back into the game following Geny Catamo’s early opener. Julien Le Cardinal’s first-half strike was enough to handed Brest a 1-0 victory over Eredivisie leaders PSV Eindhoven, while Kasper Schmeichel’s save from Marko Pjaca’s close-range 80th-minute header ensured Celtic returned from Dinamo Zagreb with a 0-0 draw.
BASE SHELF PROSPECTUS IS ACCESSIBLE, AND PROSPECTUS SUPPLEMENT WILL BE ACCESSIBLE WITHIN TWO BUSINESS DAYS, ON SEDAR+ NOT FOR DISTRIBUTION TO THE U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES EDMONTON, Alberta, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) ("Capital Power” or the "Company”) announced today that it has entered into an agreement with a syndicate of underwriters co-led by TD Securities and Scotiabank (collectively the "Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 5,960,000 common shares of Capital Power ("Common Shares”) at an offering price of $58.80 per Common Share (the "Offering Price”) for total gross proceeds to the Company of approximately $350 million (the "Offering”). The Underwriters have also been granted an option (the "Over-Allotment Option”) to purchase up to an additional 894,000 Common Shares at the Offering Price. The Over-Allotment Option is exercisable, in whole or in part, at any time for a period of 30 days following the closing of the Offering. If the Over-Allotment Option is exercised in full, total gross proceeds to the Company from the Offering will be approximately $403 million. The Company intends to use the net proceeds from the Offering to fund future potential acquisitions and growth opportunities and for general corporate purposes. "North American power demand is undergoing unprecedented and multi-faceted growth, highlighting the need for reliable generation. Amid this backdrop, we are focused on opportunities to enhance our strategically positioned asset base but remain disciplined and focused on achieving our stated investment return thresholds. This financing, together with our recent renewable sell-down transaction, augments our strong balance sheet and positions us well to fund future growth opportunities,” said Avik Dey, President and Chief Executive Officer of Capital Power. The Common Shares will be offered in all provinces and territories of Canada by way of a prospectus supplement (the "Prospectus Supplement”) to Capital Power's base shelf prospectus dated June 12, 2024 (the "Base Shelf Prospectus”). The Prospectus Supplement will be filed with the securities commissions or securities regulatory authorities in all the provinces and territories of Canada on or before December 12, 2024. The Common Shares will also be offered on a private placement basis to "qualified institutional buyers” pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act”). Completion of the Offering is subject to customary conditions, including requirements of the TSX. Closing of the Offering is anticipated to occur on December 17, 2024. All references to dollar amounts contained herein are to Canadian dollars. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. No securities regulatory authority has either approved or disapproved of the contents of this press release. This announcement does not constitute an offer of securities for sale in the United States, nor may any securities referred to herein be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act, and the rules and regulations thereunder. The securities referred to herein have not and will not be registered under the U.S. Securities Act or any state securities laws, and except pursuant to exemptions from registration requirements of the U.S. Securities Act or any state securities laws, there is no intention to register any of the securities in the United States or to conduct a public offering of securities in the United States. Such securities may be offered in the United States only to "qualified institutional buyers” (as defined in and in reliance on Rule 144A under the U.S. Securities Act). Access to the Base Shelf Prospectus, the Prospectus Supplement, and any amendments to the documents will be provided in accordance with securities legislation relating to procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment. The Base Shelf Prospectus is, and the Prospectus Supplement will be (within two business days of the date hereof), accessible on the System for Electronic Data Analysis and Retrieval + ("SEDAR+”) at www.sedarplus.ca. The Common Shares are offered under the Prospectus Supplement. An electronic or paper copy of the Base Shelf Prospectus, the Prospectus Supplement (when filed), and any amendment to the documents may be obtained without charge, from TD Securities at 1625 Tech Avenue, Mississauga, Ontario L4W 5P5 Attention: Symcor, NPM, or by telephone at (289) 360-2009 or by email at [email protected] by providing the contact with an email address or address, as applicable. The Base Shelf Prospectus and Prospectus Supplement contain important, detailed information about the Company and the proposed Offering. Prospective investors should read the Base Shelf Prospectus and Prospectus Supplement (when filed) before making an investment decision. Forward-looking Information Forward-looking information or statements included in this press release are provided to inform the Company's shareholders and potential investors about management's assessment of Capital Power's future plans and operations. This information may not be appropriate for other purposes. The forward-looking information in this press release is generally identified by words such as will, anticipate, believe, plan, intend, target, and expect or similar words that suggest future outcomes. This press release includes forward-looking information and statements pertaining to the expected amount and intended use of the net proceeds of the Offering, any exercise of the Over-Allotment Option, the expected closing date of the Offering, North American power demand, the renewable sell-down transaction, and opportunities available to the Company. These statements are based on certain assumptions and analyses made by Capital Power considering its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate including its review of purchased businesses and assets. The material factors and assumptions used to develop these forward-looking statements relate to: (i) electricity natural gas, other energy and carbon prices, (ii) performance, (iii) business prospects and opportunities, (iv) the status of and impact of policy, legislation and regulations and (v) effective tax rates. Whether actual results, performance or achievements will conform to Capital Power's expectations and predictions is subject to a number of known and unknown risks and uncertainties which could cause actual results and experience to differ materially from Capital Power's expectations. Such material risks and uncertainties include: (i) changes in electricity, natural gas and carbon prices in markets in which Capital Power operates and Capital Power's use of derivatives, (ii) regulatory and political environments, including changes to environmental, climate, financial reporting, market structure and tax legislation, (iii) disruptions or price volatility within Capital Power's supply chains, (iv) generation facility availability, wind capacity factor and performance, including maintenance expenditures, (v) ability to fund current and future capital and working capital needs, (vi) acquisitions, dispositions and developments, including timing and costs of regulatory approvals and construction, (vii) changes in the availability of fuel, (viii) the ability to realize the anticipated benefits of acquisitions and dispositions, (ix) limitations inherent in Capital Power's review of acquired assets, (x) changes in general economic and competitive conditions, including inflation and the potential for a recession and (xi) changes in the performance and cost of technologies and the development of new technologies, and new energy efficient products, services and programs. See Risks and Risk Management in Capital Power's Integrated Annual Report for the year ended December 31, 2023, prepared as of February 27, 2024, and Capital Power's interim Management's Discussion and Analysis for the three and nine months ended September 30, 2024, under Capital Power's profile on SEDAR+ (www.sedarplus.ca), and other reports filed by Capital Power with Canadian securities regulators. Readers are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the specified approval date. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by applicable securities laws. Territorial Acknowledgement In the spirit of reconciliation, Capital Power respectfully acknowledges that we operate within the ancestral homelands, traditional and treaty territories of the Indigenous Peoples of Turtle Island, or North America. Capital Power's head office is located within the traditional and contemporary home of many Indigenous Peoples of the Treaty 6 region and Métis Nation of Alberta Region 4. We acknowledge the diverse Indigenous communities that are located in these areas and whose presence continues to enrich the community. About Capital Power Capital Power (TSX: CPX) is a growth-oriented power producer with approximately 9,300 MW of power generation at 32 facilities across North America. We prioritize safely delivering reliable and affordable power communities can depend on, building clean power systems, and creating balanced solutions for our energy future. We are Powering Change by Changing PowerTM. For more information, please contact : Katherine Perron (780) 392-5335 [email protected] Roy Arthur (403) 736-3315 [email protected]
B.C. premier says feds and provinces plan right-left approach to Trump’s tariff plans