Joe Harris (Brooklyn Nets) with a deep 3 vs the Miami Heat, 01/23/2021
Joe Harris (Brooklyn Nets) with a deep 3 vs the Miami Heat, 01/23/2021
W. Kamau Bell Joins Black Doctors, Nurses and Researchers to Dispel Misinformation and Provide Accessible Facts in this Video Series to be Featured on YouTube W. Kamau Bell Joins Black Doctors, Nurses and Researchers to Dispel Misinformation and Provide Accessible Facts in this Video Series San Francisco, CA, March 04, 2021 (GLOBE NEWSWIRE) -- THE CONVERSATION: Between Us, About Us. is a new campaign to provide Black communities with credible information about the COVID-19 vaccines co-developed by KFF (Kaiser Family Foundation) and the Black Coalition Against COVID. Black doctors, nurses and researchers dispel misinformation and provide accessible facts in 50 FAQ videos that deliver the information Black people are asking for about the COVID-19 vaccines. More videos and voices will be added to this one-of-its-kind living video library as new questions arise and information becomes available. The series debuts on YouTube today with a launch video featuring W. Kamau Bell in an open, honest conversation with Black health care workers that gets to the heart of Black people’s questions and concerns. YouTube is providing significant support for the campaign, including high visibility promotion across its platform. Despite having one of the highest COVID-19 mortality rates in the U.S., Black Americans are among those least likely to get the vaccines. “As Black health academicians, researchers, and clinicians, we understand our empathy-based responsibility to provide our community with the resources and guidance on surviving this pandemic,” said Reed Tuckson, MD, Founding Member, Black Coalition Against COVID. “As such, we appreciate this partnership with KFF to produce one of the largest of its kind campaigns to creatively provide trustworthy information that will save Black lives.” “We’re seeing more Black adults want to get vaccinated when their time comes, but still a sizeable percent say they are waiting to see others vaccinated first. Among this group, many share common concerns that are directly addressed in this campaign,” said Drew Altman, PhD, President & CEO, KFF, which produced the campaign as the first initiative in its Greater Than COVID public information response to the pandemic. “The Biden Administration has made a commitment to prioritize equity, in policy and practice. As we work toward eliminating the severe and pervasive health and social inequities that have been exacerbated by this pandemic, we know we can’t do it alone. Honest and transparent communication about the vaccine is a critical piece of this work. That’s why, I’m proud to listen to and support THE CONVERSATION. This work truly exemplifies the power partnerships have to uplift the voices of Black health care workers and ensure that those most impacted by this pandemic have the resources they need to respond to it,” said Marcella Nunez-Smith, MD, MHS, Chair, COVID–19 Health Equity Task Force and Associate Dean, Yale University. “There are two major barriers to Black folks receiving the COVID-19 vaccines. Neither one of them are vaccine hesitancy. The barriers are accessible facts about the COVID-19 vaccines and convenient access to receive a vaccine,” said Rhea Boyd, MD, MPH, a pediatrician and public health advocate, who co-developed the project with KFF and the Black Coalition Against COVID. “This is a comprehensive effort on behalf of Black health care workers across the country, to ensure every Black person in the United States has the credible information they need to make this critical choice. It is time for us to have a conversation, between us and about us.” “Effective communication is as critical to the outcome of the vaccine program as manufacturing the shots. YouTube is where people are, and it's where they are looking for information and support to guide them in health decisions. By partnering with KFF and the Black Coalition Against COVID, we are able to bridge the information gap between communities most at-risk and trusted health experts who are representative of those communities and make clinical topics like COVID vaccine development accessible and relatable in a way that only video can. Together, I believe we can reimagine how health information has traditionally been shared and make public health truly public," explained Garth Graham, MD, Director and Global Head of Healthcare and Public Health at YouTube. For more about THE CONVERSATION: Between Us, About Us., go to:www.BetweenUsAboutUs.org www.YouTube.com/GreaterThanCOVID The California Health Care Foundation, Commonwealth Fund and Sierra Health Foundation have generously contributed funding to the production and are supporting distribution of the series. Through Greater Than COVID, KFF will also be working with partners to address information needs in other disproportionately affected communities. * * * Black Coalition Against COVID is a Washington, D.C.-based community initiative which seeks to provide trustworthy, science-based, information curated on behalf of and for the Black community about COVID-19 and the vaccine development process in an effort to help save Black lives at the national and local levels. KFF (Kaiser Family Foundation) is a national nonprofit leader in health policy analysis and polling, journalism and social impact media. No affiliation with Kaiser Permanente. Visit the COVID-19 Vaccine Monitor Dashboard, Racial Equity and Health topic page, and KHN. Greater Than COVID is a public information initiative from KFF to help individuals take charge of their health during the evolving COVID-19 public health crisis. Tailored media messages and community tools address information needs about the vaccines. Attachment kamau CONTACT: Rakesh Singh KFF (650) 234-9232 firstname.lastname@example.org Jewel Jones Black Coalition Against COVID (202) 600-9894 email@example.com
TAORMINA, Italy, March 4, 2021 /CNW/ -- Perched high above the deep blue waters of the Ionian Sea and in the magnetic presence of Mount Etna, one of Europe's most storied hotels will soon be reborn as San Domenico Palace, Taormina, A Four Seasons Hotel."This is truly a jewel in our crown of historic properties throughout the Mediterranean region, and the perfect complement to our beloved Four Seasons hotels in Milan and Florence," says Simon Casson, President, Hotel Operations - Europe, Middle East and Africa.
Latest data from Manhattan Associates and Incisiv study finds fulfillment margins and frictionless customer experience top of mind for retail executivesATLANTA, March 04, 2021 (GLOBE NEWSWIRE) -- The dramatic increase in ecommerce volume triggered by the pandemic has had an accompanying impact on retailers' abilities to provide profitable new forms of order fulfillment, such as buy online pickup in-store (BOPIS), ship-from-store, and curbside pickup, according to the latest report from Incisiv, commissioned by Manhattan Associates Inc. (NASDAQ: MANH). Data revealed that the pandemic triggered a five-fold increase in ecommerce volume in 2020 compared to the same period in 2019. Amid the significant shift to online stores, many retailers struggled to grow profit margins through order fulfillment, according to the "The New Store Experience Imperatives in High-Touch Retail" report. It also identified the pressing need for retailers to create frictionless customer experiences across physical and digital touchpoints. "The ecommerce uptick of the last twelve months has necessitated a realignment of how retailers approach leveraging store associates, locations and inventory," commented Kevin Swanwick, vice president, store solutions, Manhattan Associates. "Associates became pickers and shippers; stores turned into mini fulfillment centers, and in-store inventory was increasingly made available online." As the pandemic's impact continues to accelerate the transformation of brick-and-mortar retailers, the research revealed some key findings for retailers looking to chart a path to success in a post-pandemic world: Retailers must make store-based fulfillment more profitable. The significant growth in BOPIS, curbside pickup and other modes of fulfillment has squeezed margins. Seventy-nine percent of surveyed retailers say the profitability of orders fulfilled from stores was reduced somewhat or significantly between Q1 and Q2 2020. With 80% of shoppers expecting to increase BOPIS and curbside pickup over the next six months, it's critical that retailers identify and address the inefficiencies causing this loss to improve profitability. Unified customer experience across touchpoints is key. Eighty percent of shoppers said they were likely or very likely to have digital interactions with store associates over the next six months. Yet 54% of retailers don't currently equip their associates with the digital tools to reach out via email, text or social media, and 81% do not enable store associates to contact a customer about an online order.Frictionless experience is critical. The survey found that returning an item ranked as the number two motivator for future store visits by customers, second only to the need for same-day products. However, 60% of retailers surveyed do not allow shoppers to return or exchange an item during checkout, adding an unnecessary obstacle to flipping the return interaction from a loss to a profit. In-store inventory management needs to match warehouse accuracy. Eighty-five percent of surveyed retailers ranked inventory accuracy as a top priority to improve BOPIS and curbside pickup options. Retailers faced challenges with in-store inventory numbers that were not nearly as accurate as warehouse numbers. “Brick-and-mortar retailers still hold an important place in the evolving retail landscape, and how well brands embrace these changes to the store footprint will directly impact their overall profitability,” said Gaurav Pant, chief insights officer, Incisiv. “We recommend retailers focus on delivering safe, convenient in-store order fulfillment options. Equally important is enabling associates to communicate with shoppers digitally and providing a high-quality, consistent cross-channel experience.” Download the “Point-of-Sale Software for High-Touch Retailers Buyers’ Guide” to learn more about the report. Incisiv conducted a hybrid online and computer aided telephonic interview (CATI) survey of 140+ U.S. retail executives whose stores offered at least one method of store-based online order fulfillment. Receive up-to-date product, customer and partner news directly from Manhattan Associates on Twitter, LinkedIn and Facebook. ABOUT MANHATTAN ASSOCIATESManhattan Associates is a technology leader in supply chain and omnichannel commerce. We unite information across the enterprise, converging front-end sales with back-end supply chain execution. Our software, platform technology and unmatched experience help drive both top-line growth and bottom-line profitability for our customers. Manhattan Associates designs, builds and delivers leading edge cloud and on-premises solutions so that across the store, through your network or from your fulfillment center, you are ready to reap the rewards of the omnichannel marketplace. For more information, please visit www.manh.com. ABOUT INCISIVIncisiv is a next-generation industry insights firm that helps retailers and brands navigate digital disruption in their industry. Incisiv offers consumer industry executives responsible for digital transformation a trusted platform to share and learn in a non-competitive setting, and the tools necessary to improve digital maturity, impact and profitability. More information is available at incisiv.com. CONTACT: Press Contact: Marchell Gillis Manhattan Associates 678-597-6321 firstname.lastname@example.org
Meghan said The Firm was 'perpetuating falsehoods' about her and Harry.
India's northern state of Haryana, where several automakers, component suppliers and big tech firms are based, faces an investment and development crisis from a new hiring rule to tackle high unemployment, lobby groups warned on Thursday. The Federation of Indian Chambers of Commerce and Industry (FICCI) said the policy, which requires 75% of all low to mid-paying private sector jobs to go to locals, would spell disaster for Haryana's "industrial development and private investment". The 10-year rule, applicable to jobs paying up to 50,000 rupees ($690) a month, came into effect this week in the state as it faces worsening unemployment as a result of the coronavirus crisis.
TORONTO, March 04, 2021 (GLOBE NEWSWIRE) -- PsyBio Therapeutics Corp. (TSXV:PSYB) (“PsyBio” or the “Company”), a leader in the field of psychedelic research and drug development, announces that, subject to the receipt of approval by the TSX Venture Exchange (“TSXV”), it has retained Generation IACP Inc. (“Generation”) to provide market making services with the objective of maintaining a reasonable market and improving the liquidity of PsyBio shares traded on the TSXV. PsyBio and Generation are unrelated and unaffiliated entities. Generation is a member of the Investment Industry Regulation Organization of Canada (IIROC) and a member firm of the TSXV. Under the agreement between Generation and the Company (the “Generation Agreement”), the Company has agreed to initially pay Generation a fee of CAD$7,500 plus applicable taxes per month for a six-month term, subject to termination in accordance with the notice provisions provded for in the Generation Agreement. Generation will not receive any securities as compensation. Generation does not currently own any securities of PsyBio; however, Generation and its clients may acquire a direct interest in the securities of the Company. About PsyBio Therapeutics Corp. PsyBio is a biotechnology company developing novel formulations of psychoactive medications using genetically modified bacteria for the treatment of mental health and other disorders. The team has experience in drug discovery based on synthetic biology and clinical and regulatory experience moving drugs through human studies and regulatory protocols. Research and development are currently ongoing for natural occurring tryptamines in different varieties of magic mushrooms, dimethyltryptamine and its derivatives, and mescaline and combinations thereof. The Company is also researching and developing new molecular structures that do not occur in nature which may have unique therapeutics properties. Cautionary Note Regarding Forward-Looking Statements This press release contains statements that constitute “forward-looking information” (“forward-looking information”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. In disclosing the forward-looking information contained in this press release, the Company has made certain assumptions, including that: the retention of Generation will help maintain a reasonable market and improve the liquidity of PsyBio Shares traded on the TSXV; PsyBio will be successful in protecting its intellectual property within the next year and filing new patent applications within that timeframe; the Company’s success in discovering new valuable target molecules; and the safety and efficacy of PsyBio’s technology and that such technology will be cheaper, faster and greener than other published methods. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: compliance with extensive government regulations; domestic and foreign laws and regulations adversely affecting PsyBio’s business and results of operations; decreases in the prevailing process for psilocybin and nutraceutical products in the markets in which PsyBio operates; the impact of COVID-19; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information or otherwise. PsyBio makes no medical, treatment or health benefit claims about PsyBio’s proposed products. The U.S. Food and Drug Administration (the “FDA”) or other similar regulatory authorities have not evaluated claims regarding psilocybin and other next generation psychoactive compounds. The efficacy of such products have not been confirmed by FDA-approved research. There is no assurance that the use of psilocybin and other psychoactive compounds can diagnose, treat, cure or prevent any disease or condition. Vigorous scientific research and clinical trials are needed. PsyBio has not conducted clinical trials for the use of its intellectual property. Any references to quality, consistency, efficacy and safety of potential products do not imply that PsyBio verified such in clinical trials or that PsyBio will complete such trials. If PsyBio cannot obtain the approvals or research necessary to commercialize its business, it may have a material adverse effect on the PsyBio’s performance and operations. The TSX Venture Exchange (the “TSXV”) has neither approved nor disapproved the contents of this news release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. For further information contact: Evan Levine CEO, PsyBio Therapeutics Corp. t: 226.286.0348e: email@example.com Media Enquiries: Kirsten Frazer, PhDLifeSci Communicationst: 646.863.0222e: firstname.lastname@example.org
Dublin, March 04, 2021 (GLOBE NEWSWIRE) -- The "China Automotive Distribution and Aftermarket Industry Report, 2020-2026" report has been added to ResearchAndMarkets.com's offering. Since 4S store model was introduced in China at the end of the 20th century, China's authorized dealer system has made a shift from single stores to corporate operation and from extensive management to fine management. For the upstream raw materials, components suppliers provide an array of components to automakers; at the midstream end are automakers which take on design, R&D, manufacture and branding; dealers are downstream players responsible for selling new vehicles and offering aftermarket services. In the whole industry chain, automakers that manage dealers by authorization and rebate policy play a dominant role and have a big say.In 2019, China produced 25.72 million automobiles and sold 25.77 million units, down 7.5% and 8.2% on the previous year, up 3.3 and 5.4 percentage points, separately, according to the China Association of Automobile Manufacturers (CAAM). China's automobile circulation industry faces unprecedented challenges as the automobile market is getting through an ever-colder winter. The automotive distribution industry however performs well as a whole. The data from the China Automobile Dealers Association (CADA) shows that in 2019, the top 100 dealers reported a combined output value of RMB1.74 trillion, up 6.3% compared with RMB1.63 trillion in 2018; their total asset investment was RMB802.4 billion, 5.7% less than in 2018 (RMB851.1 billion). In 2019, there were a total of 6,038 4S outlets in China, down 7.5% versus 2018 (6,529); total employment was 420,000 persons, a reduction of 10.6% from 470,000 in 2018.Emerging automakers adopt branding sales models and channels differing from the nationwide dealership model of conventional auto brands, changing from dealership model to direct operation of chain stores by auto brands or their cooperation with authorized dealers. The direct sale model offers totally different brand experience by providing full life cycle services for users, which serves as a solution to drawbacks of the common dealership model, such as non-transparent price and bad user service experience. Yet this model with some disadvantages like enormous investment and complicated operation process does not apply to all new energy vehicle manufacturers. 4S stores still need to shake up their service and profit structures even if they continue to employ the dealership model.Automobile aftermarket refers to all the car-centric services needed by consumers in the period from post-sale to scrap. The growing aftermarket, especially maintenance and repair segment is accompanied by aging vehicles. That's because the older the auto parts, the more frequent repairs they need and the more they cost. In current stage, the average vehicle in China is 5 years old, and those aged 4-10 seize over 58%. Vehicle aging, and increasing ownership are dual effective booster to prosperity of the aftermarket, making it a new industrial hotspot. The industry will usher in a boom period.Automobile aftermarket involves maintenance and repair, auto finance, used car, rental, accessories, beauty and refit, recycling, and aftermarket alliance platform integration/car e-commerce, among which auto finance, maintenance & repair, and used car are the top three segments.Used Cars Factors such as household demand, profession, consumer preferences, etc. will prompt car owners to replace or resell their cars in the circulation market through used car dealers, used car e-commerce platforms and other channels. In recent years, the state and local governments will make more efforts to promote automobile consumption with favorable measures which will drive used car consumption and fuel Chinese used car market to grow with larger scale of transactions. In 2020, China saw approximately 14.34 million used cars transacted, with the estimated value of RMB888.8 billion. Although the annual transaction volume dropped by 3.9% in the entire 2020 due to the epidemic, the domestic used car transaction volume experienced consecutive growth from March to December. In the future, the used car market is expected to occupy more market share in the automotive aftermarket.Repair and MaintenanceIn the context of high ownership, aging of vehicles and changes in the maintenance concept, the auto repair and maintenance market continues to swell. The annual repair and maintenance cost increases year by year as vehicles become older, because the number of repairs and the expenses of each repair for old and worn auto parts jump each year. Learning from the experience of developed countries, China is about to see the demand for repair and maintenance hit the peak. In the past ten years, automobile sales volume has been impressive while the growth of new car sales volume has slowed down. In the future, the average vehicle age will continue to rise, which will boost the auto repair and maintenance industry into a golden age. The scale of China's auto repair and maintenance had reached approximately RMB1,332 billion as of 2019, and is expected to hit RMB2,458 billion by 2026, surpassing the auto finance market to rank first in the aftermarket. Amid the anti-monopoly, independent auto repairers are gradually eroding the market share of traditional 4S stores. With the help of the 'Internet +' model, the independent repair model will develop more radically.Auto Finance Auto finance refers to a variety of financial products for companies, individuals, governments, automotive operators and other entities. It centers on automotive OEMs, stretching to the upstream and downstream of the industry, and eventually to end consumers. Typical auto finance products include dealer inventory financing, auto consumption loans, auto leasing and auto insurance. In recent years, the overall penetration rate of China's new car finance has ascended year by year, like 43% in 2019. According to the proportion of cars involved with financial products, the loan penetration rate is about 35% and the financial leasing penetration rate 8%, meaning loans still lead by a high margin. Compared with mature markets in Europe and America, China's auto finance market for new cars has enormous potentials. As terminal consumption upgrades and credit is widely accepted, auto finance will witness further growth. The car sales volume has fluctuated and the growth rate of the auto finance market has slowed down (about 20%) since 2017, but the momentum of auto finance is more robust than the trend of the car sales volume. In 2019, the overall scale of China's auto finance market reached approximately RMB1.58 trillion, of which licensed auto finance companies accounted for approximately 50%.China Automotive Distribution and Aftermarket Industry Report, 2020-2026 sheds light on the followings: Introduction to the automotive distribution industry and aftermarket, including definition, classification, industrial chain, business models, etc.;Global and Chinese automotive distribution market scale and forecast, including total automobile sales volume, dealer networks, dealers' automobile sales volume, competitive landscape, new energy vehicle sales models, etc.;Automotive aftermarket segments, including market size and forecast, competitive landscape, industry trends, etc. of auto finance, used cars, repair & maintenance, beauty, etc.;Profile, business analysis, brand agency, business networks and marketing of major auto dealers in China. Companies Mentioned China Grand AutoSinomachZhongsheng GroupDah Chong HongPANGDAZhengTongYongdaGrand OrientGrand BaoxinHarmony AutoGuangwu Automotive TradeYuantong AutomobileLSH Auto For more information about this report visit https://www.researchandmarkets.com/r/dxr03e CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager email@example.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
(Bloomberg) -- Look just beneath the surface of many of the technologies powering the energy transition and there’s a red metallic glint. Copper is a vital part of green infrastructure from grids to wind turbines, and a recent price surge threatens to make decarbonization more costly.Copper has roughly doubled from the lows seen a year ago and was near a nine-year high at the start of the month. Amid predictions of a new commodity supercycle kicking off, many analysts say the top hasn’t yet been reached for a metal that’s core to the green energy drive. Even after a 3.2% drop Thursday, the price is still up more than 30% in the past six months.Demand from renewable power generation, battery storage, electric vehicles, charging stations and related grid infrastructure accounts for about a fifth of copper consumption, according to Citigroup Global Markets Inc. With governments aiming for aggressive net zero emission targets in the coming decades, that means more clean electricity, a shift that’s likely to be copper-intensive given the $28.7 trillion grid build out required.Part of that growth will come from the need to connect new renewable power plants with customers. That’s because it’s often cheapest to build such plants wherever the wind or sun resource is strongest, which could be in the middle of the sea or an isolated desert. But that then means a lot more cabling -- using expensive copper -- than a centralized grid needed in the past.According to forecasts from BloombergNEF, the global power grid will grow by 48 million kilometers (30 million miles) by 2050. That’s enough to wrap around the circumference of the Earth nearly 1,200 times and equates to a doubling in copper demand to 3.6 million metric tons.“Cities, electrification and copper go together,” said Sanjeet Sanghera, an analyst at BNEF in London. “Copper plays an important role.”The metal is heavily used in underground cabling because of its conductivity, which is almost twice that of aluminum. That lowers the amount of energy needed to produce electricity.A 240-kilometer electricity interconnector between Britain and France called IFA2 used 9,000 tons of copper, according to the U.K.’s National Grid Plc. A planned link to Denmark of 760 kilometers will require 26,000 tons.In offshore wind projects, copper is still a relatively small component of costs, but that’s set to increase in the coming years, to about 3% by 2050 from 1% currently, according to BNEF.Vestas Wind Systems A/S estimates that a 100-megawatt wind farm using 4.2 megawatt turbines would use around 89 tons of copper in the turbines.If copper’s rally proves long-lasting and pushes up the cost of green investment, some wind farms may use cheaper aluminum where they can. Prices have risen less sharply compared with copper. Demand for aluminum in power grid infrastructure is estimated to reach 7.6 million metric tons by 2050, according to BNEF.“We see copper remaining integral for interconnectors,” said Srinivas Siripurapu, chief innovation officer at cable manufacturer Prysmian SpA. “But for offshore wind farms, there’s a lot of indications that there will be a push more towards aluminum driven by overall costs.”It’s not yet clear how much of an immediate impact copper’s price increase will have on the finances of green power operators. Turbine maker Siemens Gamesa Renewable Energy SA hedges raw materials prices a year ahead, protecting them for now.The metal’s rally has been driven in large part by investors who see demand soaring as the green revolution gathers pace. But their early optimism may end up pushing up costs for governments as they start putting infrastructure spending packages to work.Higher copper consumption for decarbonization could drive annual demand growth of as much as 3%, said Max Layton, managing director for Commodities Research at Citigroup Global Markets Inc. That will add to periods where supplies fall short, with upside potential for prices.While elevated prices mean companies have an incentive to ramp up investment in mining, which would help supplies, the downside is the length of time it takes to get projects up and running.“If this price level holds, we should see announcements of new projects coming in the market,” Raul Jacob, chief financial officer of Southern Copper Corp., said in an interview Monday. But the lags from decision to production will make the price cycle “a little bit longer than in the past.”(Updates copper price in second paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
The Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) just had a blowout quarter, yet its stock is still cheap. The post Canadian Imperial Bank of Commerce (TSX:CM) Stock: a High-Yield Bargain appeared first on The Motley Fool Canada.
“It was super vibrant and looked completely unreal.”
SAN FRANCISCO — Financial technology company Square, Inc. said Thursday that it has reached an agreement to acquire majority ownership of Tidal, the music streaming service partly owned by Jay-Z. Under the deal, Square will pay $297 million in cash and stock for Tidal, Jay-Z will be named to Square's board of directors, and he and other artists who currently own shares in Tidal will remain stakeholders. Tidal will operate as a distinct entity alongside the point-of-sale hardware and software offerings of San Francisco-based Square, the payments company founded by CEO Jack Dorsey, who is also co-founder and chief executive of Twitter. Tidal has presented itself as the artist-friendly alternative to other music streamers, and Square says it will take that phenomenon further for musicians just as it has for businesses with its financial systems. “It comes down to one simple idea: finding new ways for artists to support their work,” Dorsey said in the statement announcing the deal. . Jay-Z said in the statement that the “partnership will be a game-changer for many.” I look forward to all this new chapter has to offer!" The Associated Press
Political parties in New Caledonia on Thursday agreed new terms for the sale of Vale's nickel business, including a proposed majority stakeholding for local interests, seeking to resolve unrest over the planned sale. Brazilian miner Vale's decision last year to sell its nickel mine and processing plant in the French Pacific territory to a consortium including Swiss commodity trader Trafigura sparked fierce opposition from pro-independence groups. Violent protests led Vale to shut down the site in December.
British police said on Thursday they had ruled out a criminal investigation into the famous 1995 BBC interview with the late Princess Diana after complaints from her brother that she had been tricked into taking part with the use of forged documents. Diana's interview with journalist Martin Bashir, watched by more than 20 million viewers in Britain, shocked the nation when she admitted to an affair and gave other intimate details of her failed marriage to heir-to-the-throne Prince Charles. Last November, her brother Charles Spencer said the BBC had failed to apologise for what he said were forged documents and "other deceit" which led him to introduce Diana to Bashir.
The interest rate remains the same as the previous financial year.
In the past year, more than 20 rangers have been killed defending Africa's oldest national park.
An Atlantic Council survey had 51 percent saying the U.S. government should eliminate sanctions on Venezuela’s oil if revenues were used on food and medicine.
As a content aggregator, fuboTV (NYSE: FUBO) has a tough road ahead of it. Fortunately, fuboTV is firing on all cylinders on this front. Subscription revenue, which jumped 91% year over year to $91.4 million, was the key driver for this growth.
Sale Demonstrates Continued Execution on Gross Margin Expansion PlanMANCHESTER, N.H., March 04, 2021 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”), a global leader in sensing and power semiconductor technology, today announced that it has entered into a definitive agreement to sell its manufacturing facility in Thailand (“AMTC”) to an undisclosed third party. The AMTC purchase price is approximately $30 million before fees and expenses. This sale is an important milestone in the execution of Allegro’s manufacturing transformation to streamline back-end operations and enhance gross margin. Allegro had previously announced its plans for back-end facility consolidation as part of a multi-year strategic transformation to optimize the company’s manufacturing footprint and reduce fixed costs. Last quarter, the company shared that it had successfully transferred production from AMTC into its Manila, Philippines facility (“AMPI”), one quarter earlier than initially planned. The AMTC facility closure and sale will complete the company’s transition to a fabless, asset-lite manufacturing model. “This transaction demonstrates our strong commitment to and timely execution of our manufacturing transformation initiatives – giving us conviction in our gross margin expansion over time, in line with our long-term financial model,” said Ravi Vig, President and Chief Executive Officer. “I would like to thank the employees for their contributions to transferring production to AMPI ahead of schedule and for their commitment to making this transition successful. The sale of the AMTC facility is an important step in optimizing our manufacturing footprint and will further improve our production flow, reduce our cycle times, and enhance our profitability.” Allegro expects to close the transaction within the calendar year, subject to governmental approvals in Thailand and customary closing conditions. As a result of the execution of the definitive agreement, Allegro will incur a one-time GAAP non-cash impairment charge to the book value of the facility in the range of $7 million to $9 million in the current quarter. This one-time GAAP impairment charge will be excluded from the non-GAAP financial measures Allegro will report for the year and quarter ending March 26, 2021. About Allegro MicroSystems Allegro MicroSystems is a leading global designer, developer, fabless manufacturer and marketer of sensor integrated circuits (“ICs”) and application-specific analog power ICs enabling emerging technologies in the automotive and industrial markets. Allegro’s diverse product portfolio provides efficient and reliable solutions for the electrification of vehicles, automotive ADAS safety features, automation for Industry 4.0 and power saving technologies for data centers and green energy applications. Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend,” “estimate,” “target,” “mission,” “may,” “will,” “would,” “should,” “could,” “target,” “potential,” “project,” “predict,” “contemplate,” “potential,” or the negative thereof and similar words and expressions. Forward-looking statements are based on management’s current expectations, beliefs and assumptions and on information currently available to us. Such statements are subject to a number of known and unknown risks, uncertainties and assumptions, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various important factors, including, but not limited to: downturns or volatility in general economic conditions, including as a result of the COVID-19 pandemic, particularly in the automotive market; our ability to compete effectively, expand our market share and increase our net sales and profitability; our ability to compensate for decreases in average selling prices of our products; the cyclical nature of the analog semiconductor industry; shifts in our product mix or customer mix, which could negatively impact our gross margin; our ability to manage any sustained yield problems or other delays at our third-party wafer fabrication facilities or in the final assembly and test of our products; any disruptions at our primary third-party wafer fabrication facilities; our ability to fully realize the benefits of past and potential future initiatives designed to improve our competitiveness, growth and profitability; our ability to accurately predict our quarterly net sales and operating results; our ability to adjust our supply chain volume to account for changing market conditions and customer demand; our reliance on a limited number of third-party wafer fabrication facilities and suppliers of other materials; our dependence on manufacturing operations in the Philippines; our reliance on distributors to generate sales; our indebtedness may limit our flexibility to operate our business; the loss of one or more significant end customers; our ability to develop new product features or new products in a timely and cost-effective manner; our ability to meet customers’ quality requirements; uncertainties related to the design win process and our ability to recover design and development expenses and to generate timely or sufficient net sales or margins; changes in government trade policies, including the imposition of tariffs and export restrictions; our exposures to warranty claims, product liability claims and product recalls; our ability to protect our proprietary technology and inventions through patents or trade secrets; our ability to commercialize our products without infringing third-party intellectual property rights; disruptions or breaches of our information technology systems; risks related to governmental regulation and other legal obligations, including privacy, data protection, information security, consumer protection, environmental and occupational health and safety, anti-corruption and anti-bribery, and trade controls; our dependence on international customers and operations; the availability of rebates, tax credits and other financial incentives on end-user demands for certain products; the volatility of currency exchange rates; risks related to acquisitions of and investments in new businesses, products or technologies, joint ventures and other strategic transactions; our ability to raise capital to support our growth strategy; our ability to effectively manage our growth and to retain key and highly skilled personnel; changes in tax rates or the adoption of new tax legislation; risks related to litigation, including securities class action litigation; and our ability to accurately estimate market opportunity and growth forecasts, and other important factors discussed under the caption “Risk Factors” in our final prospectus on Form 424(b) filed with the U.S. Securities and Exchange Commission (“SEC”) on February 8, 2021, as any such factors may be updated from time to time in our other filings with the SEC, which are accessible on the SEC’s website at www.sec.gov and the Investors & Media page of our website at investors.allegromicro.com. All forward-looking statements speak only as of the date of this press release and, except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise. Contact: Katherine BlyeSenior Director, Investor RelationsPhone: +1 603 firstname.lastname@example.org
(Bloomberg) -- U.S. futures edged lower and Treasury yields stabilized as traders awaited the latest jobless data and remarks from Federal Reserve Chairman Jerome Powell. The dollar nudged higher.S&P 500 and Nasdaq 100 contracts declined though came off their lows of the session, spurred by the 10-year Treasury yield approaching 1.5% on Wednesday and rising inflation expectations. In an appearance at a Wall Street Journal webinar later today, Powell is expected to push back on bond-market concerns, saying the central bank will be ultra-patient in withdrawing its support for the economy after the pandemic has ended.Weekly jobless claims data are also due, which may show an increase to 750,000 as the pandemic continues to hold sway over the economy.The Stoxx 600 Index slipped 0.6%, dragged down by tech and miners as gold held near a nine-month low. MSCI Inc.’s Asia-Pacific gauge had its worst decline this week. The technology sector struggled while real estate, finance and energy shares outperformed amid a shift to value segments.The rise in inflation expectations and long-term borrowing costs is stoking volatility and raising concern that a prolonged rally in equity markets may be in jeopardy. Investors are trying to assess central banks’ appetite to buy more longer-dated bonds to keep financial conditions loose. The focus turns to Powell’s upcoming comments, after Chicago Fed President Charles Evans said the recent climb in yields reflected economic optimism.“Inflation is a concern; there is a lot of money sloshing around the system and it makes sense to have some sort of a correction right now,” said Shana Sissel, Spotlight Asset Group chief investment officer. “And bond yields going up is the market’s implicit way of tightening since the Fed has made it clear they don’t have the intention of doing so.”Read: U.S. Inflation Expectations Hit Decade High as Yields ResurgeDemocratic leaders in the Senate are working to consolidate support for the $1.9 trillion stimulus bill, which is expected to spur growth. The U.S. economy expanded modestly in the first two months of the year and vaccinations are aiding business optimism, according to the Federal Reserve’s Beige Book.Some key events to watch this week:OPEC+ meeting on output Thursday.U.S. factory orders, initial jobless claims and durable goods orders are due Thursday.Federal Reserve Chairman Jerome Powell speaks Thursday.The February U.S. employment report on Friday will provide an update on the speed and direction of the nation’s labor market recovery.These are some of the moves in markets:StocksFutures on the S&P 500 Index decreased 0.2% as of 8:00 a.m. New York time.The Stoxx Europe 600 Index dipped 0.6%.The MSCI Asia Pacific Index declined 1.9%.The MSCI Emerging Market Index fell 1.9%.CurrenciesThe Bloomberg Dollar Spot Index gained 0.1%.The euro fell 0.3% to $1.2032.The British pound was little changed at $1.3948.The onshore yuan was little changed at 6.469 per dollar.The Japanese yen weakened 0.4% to 107.39 per dollar.BondsThe yield on 10-year Treasuries declined two basis points to 1.46%.The yield on two-year Treasuries decreased less than one basis point to 0.14%.Germany’s 10-year yield fell three basis points to -0.31%.Britain’s 10-year yield sank four basis points to 0.739%.Japan’s 10-year yield rose one basis point to 0.132%.CommoditiesWest Texas Intermediate crude gained 0.3% to $61.49 a barrel.Brent crude climbed 0.2% to $64.19 a barrel.Gold strengthened 0.6% to $1,720.66 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Speaker Sir Lindsay told MPs he will be presenting his own road map for the Commons at a meeting of the House of Commons Commission next week.