Source: United Kingdom – Executive Government & Departments
The Access Consortium is offering joint pipeline meetings to pharmaceutical and biotechnology companies.
Pipeline meetings between our regulatory authorities and pharmaceutical and biotechnology companies are an opportunity to exchange information on new developments and collaborate on new possibilities.
The meetings will also help Access regulators plan and prepare for future work-share applications.
Source: Hong Kong Government special administrative region
Hong Kong and Türkiye enter into tax pact
Hong Kong and Türkiye enter into tax pact
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The Secretary for Financial Services and the Treasury, Mr Christopher Hui, on behalf of the Hong Kong Special Administrative Region Government, signed in Hong Kong today (September 24) a comprehensive avoidance of double taxation agreement (CDTA) with Türkiye. This signifies the Government’s sustained efforts in expanding Hong Kong’s CDTA network, in particular with tax jurisdictions participating in the Belt and Road Initiative. Representing the Government of Türkiye was the Commissioner of the Turkish Revenue Administration, Mr Bekir Bayrakdar. This CDTA is the 51st agreement that Hong Kong has concluded. It sets out the allocation of taxing rights between the two jurisdictions and will help investors better assess their potential tax liabilities from cross-border economic activities. Mr Hui said, “Türkiye is participating in the Belt and Road Initiative. The signing of the CDTA between Hong Kong and Türkiye at the Fifth Belt and Road Initiative Tax Administration Cooperation Forum highlights the commitment of the two jurisdictions to deepening tax co-operation under the Belt and Road Initiative. I have every confidence that this CDTA will further promote economic and trade relations between Hong Kong and Türkiye, and contribute to the high-quality development of the Belt and Road Initiative through enhanced connectivity. “We will continue to negotiate with trading and investment partners with a view to expanding Hong Kong’s CDTA network. This will enhance the attractiveness of Hong Kong as a business and investment hub, and consolidate the city’s status as an international economic and trade centre.” In accordance with the Hong Kong-Türkiye CDTA, Hong Kong companies can enjoy double taxation relief in that any tax paid in Türkiye, whether directly or by deduction, will be allowed as a credit against the tax payable in Hong Kong in respect of the same income, subject to the provisions of the tax laws of Hong Kong. Moreover, the Hong Kong-Türkiye CDTA also provides the following tax relief arrangements:(a) Türkiye’s withholding tax rate for Hong Kong residents on dividends will be capped at 5 per cent or 10 per cent (depending on the percentage of their shareholdings); while that on interest and royalties will be capped at 10 per cent, and further reduced to 7.5 per cent if the interest is received by a financial institution in respect of a loan or debt instrument with a maturity period exceeding two years, or if the royalties are for the use of, or the right to use, industrial, commercial or scientific equipment;(b) Hong Kong airlines operating flights to and from Hong Kong and Türkiye will be taxed at Hong Kong’s corporation tax rate on their profits, and will not be taxed in Türkiye; and(c) Profits from international shipping transport earned by Hong Kong residents arising in Türkiye will not be taxed in Türkiye. The CDTA will come into force after the completion of ratification procedures by both jurisdictions. In Hong Kong, the Chief Executive in Council will make an order under the Inland Revenue Ordinance (Cap. 112), which is subject to negative vetting by the Legislative Council. Details of the Hong Kong-Türkiye CDTA can be found on the Inland Revenue Department’s website (www.ird.gov.hk/eng/pdf/Agreement_Turkiye_HongKong.pdf).
Ends/Tuesday, September 24, 2024Issued at HKT 20:15
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Source: The Holy See
Intervention of Cardinal Kevin J. Farrell
Intervention of Archbishop Peter Soon-Taick Chung, O.C.D
Intervention of Bishop Paul Kyung Sang Lee
Intervention of Miss Gabriela Su-Ji Kim
At 11.30 this morning, a press conference, “Towards World Youth Day Seoul 2027” was livestreamed from the Holy See Press Office.
The speakers were: His Eminence Cardinal Kevin J. Farrell, prefect of the Dicastery for the Laity, Family and Life, Archbishop Peter Soon-Taick Chung, O.C.D., of Seoul, president of the Local Organizing Committee (LOC) for Seoul 2027, Bishop Paul Kyung Sang Lee, general coordinator of World Youth Day Seoul 2027, and Miss Gabriela Su-Ji Kim, a young Korean.
The following were also present in the hall and available to the press: Dr. Gleison De Paula Souza, secretary of the Dicastery for the Laity, Family and Life, the Reverend Fr. Franco Galdino, coordinator of the Youth Office of the Dicastery for the Laity, Family and Life, and the Reverend Fr. Peter Yang, executive secretary of the Local Organizing Committee of Seoul 2027.
The following are their interventions:
Intervention of Cardinal Kevin J. Farrell
Good morning everyone and thank you for being here today!
The Holy Father has chosen the city of Seoul, Korea, as the venue for the next World Youth Day in 2027. For the latest WYD which was held in Lisbon, Portugal, young people went on pilgrimage to the western border of Europe, and now they are being asked to set out for the Far East as ‘a marvellous sign of the universality of the Church and our dream of unity’, in the words of the Holy Father.[1]
The Church in Asia and Korea
After World Youth Day in Manila in 1995, it is coming to Asia again, the ‘cradle of the world’s major religions’, with its ‘intricate mosaic of its many cultures, languages, beliefs and traditions, which comprise such a substantial part of the history and heritage of the human family’ as St John Paul II said in his Apostolic Exhortation Ecclesia in Asia.[2]
Every World Youth Day is a golden opportunity for the local Church hosting it to celebrate its distinct culture and faith together with other Churches. In Korea, Catholics make up 11% of the population. Although a minority, the Church is full of vitality and initiatives of all kinds. It is enriched by the heroic witness of so many martyrs, and it continues to radiate, very strongly, a light of faith and hope that reaches all believers in every part of the world.
So what are the opportunities presented by World Youth Day in Seoul? First of all, like every WYD, it is an opportunity for all young people to rediscover the beauty of Christian life, and to bring to the ordinary circumstances of daily life a renewed desire to be disciples of Jesus and faithful to his Gospel. The rediscovery of Christian life, then, can be fertile ground for the blossoming of many vocations, to marriage or to the priesthood and consecrated life. All of this will have great benefits for the Church in Korea, for the Asian continent, and for the Church globally.
Secondly, Asia is very receptive to the coexistence of cultures, to dialogue and to complementarity. This will be of great help to young pilgrims on their path of learning to become messengers of peace in a world so torn by conflict and confrontation.
Thirdly, the dynamic Asian context will help young people to think about the dialogue between faith and modernity. They live in a world where they are confronted by challenges of global scope. These include a loss of meaning and purpose felt in some societies, the digital revolution, the climate crisis, economic inequalities, etc. The big questions that these challenges raise will stimulate young people to make their personal contribution so that contemporary culture may be permeated and transformed by the Gospel, with its power, light and freshness.
The theme of the journey from Lisbon to Seoul: 2023-2027
As you know, every year young people are invited to celebrate World Youth Day in their local Churches on the Solemnity of Christ the King. Last week, the Holy Father’s Message for the 39th WYD to be celebrated on 24 November was published, ‘Those who hope in the Lord will run and not be weary’ (cf. Is 40:31). This theme marks the stages of an inner pilgrimage that began with the invitation made in Lisbon to arise and set out (cf. WYD Lisbon 2023).
For the Jubilee Year of 2025, young people are called to be pilgrims of hope in Rome and, over the next two years, they will be guided along a path that will culminate in World Youth Day in Seoul 2027. The two themes for this path are included in the documentation you have received that has just been published. The theme chosen by the Holy Father for the 40th WYD is: ‘You also are my witnesses, because you have been with me’ (John 15:27); the theme chosen by the Holy Father for the 41st WYD is: ‘Take courage! I have overcome the world’ (John 16:33).
That last theme — I will repeat it, ‘Take courage! I have overcome the world!’ (John 16:33) — will therefore be the theme of the 41stWYD in Seoul in 2027.
Both themes are taken from the Gospel of John. They belong to what is known as Jesus’ ‘farewell discourse’ (cf. John 13-17), when he prepares his disciples to experience the mystery of his passion and death, in the certainty of his resurrection. The two themes focus, therefore, on witnessing and on the courage that stems from Jesus’ paschal victory.
The traditional handing over of the WYD Cross and Icon: 24 November 2024
As is customary after every international WYD, the young people of Lisbon will hand over the symbols of WYD to the young people of Seoul: the Youth Cross and the icon of Mary Salus populi romani. This is an evocative ‘passing of the baton’ that will mark the beginning of the Korean Church’s spiritual preparation for World Youth Day. I am announcing that this handover will take place on 24 November, the Solemnity of Christ King of the Universe, during Holy Mass in St Peter’s Basilica.
The Youth Cross, also known as the WYD Cross, is always a pilgrim cross. Young Koreans will carry it everywhere — in the cities, in the countryside, among the suffering, the imprisoned and the poor — to bring closeness and consolation to all. However, it is also a jubilee cross because it was entrusted by St John Paul II to young people at the end of the Holy Year of Redemption in 1984. This aspect takes on special significance this year because of the approaching Jubilee. St John Paul II entrusted it to young people with these words: ‘Carry it throughout the world as a symbol of Christ’s love for humanity, and announce to everyone that only in the death and resurrection of Christ can we find salvation and redemption.’[3]
The Cross will be taken by young people to Asia, accompanied by the icon of Mary Salus populi romani, a sign of Mary’s maternal affection and of the Church’s own maternal concern for all humanity.
Our hope is that many young people, even those who have never participated in a WYD, will walk a path over the next three years — above all an interior one –, and come to meet each other in Asia together with the Successor of Peter, and may they all bear courageous witness to Christ together.
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[1] Angelus, Apostolic journey of Pope Francis to Portugal on the occasion of the 37th World Youth Day, Parque Tejo
(Lisbon), Sunday, 6 August 2023.
[2] John Paul II, Post-synodal exhortation, Ecclesia in Asia, no. 6.
[3] John Paul II, To young people when entrusting them with the Cross of the Holy Year of Redemption, Sunday 22 April 1984.
Intervention of Archbishop Peter Soon-Taick Chung, O.C.D
I extend my heartfelt gratitude to the Holy Father for proclaiming the theme scripture for World Youth Day Seoul 2027.
In the coming year, young people from around the globe will gather in Rome to celebrate a jubilee year as pilgrims of hope who “hope in the Lord and will run without growing weary.”
This jubilee seeks to renew the young people’s hearts in Christ as they embrace the Pope’s invitation, carrying the newly declared motto with them on their pilgrimage to Seoul, resting on the eastern edge of Asia.
The Korean Catholic Church stands as a testament to the voluntary and dynamic faith of its first believers, who embraced the seeds of the Gospel without the assistance of missionaries, guided by the Holy Spirit. In 2027, numerous young people from all over the world will gather to meet the young believers of Korea, who have inherited the steadfast faith of their ancestors. Together, they will rekindle a passionate zeal for faith.
During times of persecution, the early Korean faithful sent earnest letters to the Pope, fervently requesting missionaries to preserve their gifted faith and to unite with the universal Church. This appeal moved Pope Gregory XVI to establish the Vicariate Apostolic of Chosun, thereby dispatching missionaries and enabling the faith to flourish despite persecution. Just as he did with the early Korean Church, the Pope has once again embraced our Church’s request, inviting young people from all over the world to join the WYD pilgrimage by attending the WYD Seoul 2027.
The pilgrimage of WYD Seoul 2027 will be more than just a large gathering. It will be a meaningful journey where young people, united with Jesus Christ, reflect on and discuss the modern challenges and injustices they face. It will be a grand celebration, allowing everyone to experience the vibrant and energetic culture created by Korean youth. It will also be an opportunity to immerse in and share the dynamic and passionate culture that Korea’s youth have created. Furthermore, through this celebration, Korean young people will gain the invaluable chance to exchange and engage with the concerns and passions of their peers.
Through this collective journey, WYD pilgrims will become “courageous missionaries,” inspired to live out the joy of the Gospel they have found. The Church, united through this period, will listen carefully to the young voices and accompany the youth throughout the pilgrimage. I pledge my utmost commitment to ensuring that the youth from around the world may experience the profound joy of being the integral members of the Church. To young people around the world, we warmly invite you to join us for World Youth Day Seoul 2027!
Thank you.
Intervention of Bishop Paul Kyung Sang Lee
First and foremost, I extend my heartfelt gratitude to our Holy Father for providing the theme scripture that resonates deeply with the circumstances faced by the Catholic Church of Korea and the challenges confronting today’s youth.
Korea stands in a unique context distinct from previous World Youth Day hosts, characterized by the harmonious coexistence of diverse religious traditions. Within this environment, the Catholic Church of Korea has steadfastly embodied the Christian virtues of “forgiveness” and “sharing,” fostering these values in society while coexisting peacefully with other faiths. Amid the persistent reality as a “divided nation,” the Church has diligently worked to resolve the conflicts inherent in this division over the past seven decades, seeking peace and unity for the Korean people. The emergence of K-Catholic and K-faith among our youth is a testament to these sustained efforts. Our young people and young faithful remain open to interreligious dialogue and aspire towards harmonious and peaceful coexistence.
Preparations for the World Youth Day, aimed at sharing our spiritual heritage with the youth worldwide, have already begun in earnest. Following the selection of the host city last year, the Local Organizing Committee was inaugurated in December, alongside the formation of a preliminary research team of young individuals dedicated to spreading the spirituality of World Youth Day. Starting from February 2024, we launched a campaign dedicated to offering a billion Rosaries. This summer, we held a talk concert (at the front yard of Myeongdong Cathedral) fostering genuine conversations among young people and celebrated the Kick-off Ceremony of the World Youth Day Seoul 2027.
From this autumn, we will host Youth Masses and Youth Encounters in 19 deaneries across our diocese. In May of the coming year, we will host a diocesan-wide youth festival. Obviously open to all young people so practically it will be nationwide festival. More importantly, Seoul LOC is always collaborating with Doc of Bishops Conferences of Korea.
Through the Mystery of Life Awards, we encourage young scholars devoted to Christian spirituality to participate and share their scholarly contributions with the universal Church and the global community. As we approach the Jubilee Year, we expect to bring approximately 1,000 young pilgrims to participate in the Jubilee of Youth. It is our fervent hope that through this pilgrimage, they will come to discern the empowering force of hope bestowed by faith and experience a profound personal encounter with Christ within the universal Church.
The logo for WYD Seoul 2027, capturing the vision and aspirations of this momentous event, centered around the theme, “Take courage, I have overcome the world” (John 16:33), chosen by the Holy Father. Central to the logo is a cross; the red and blue colors symbolize Christ’s triumphant victory over the world. The left element, reaching upward, signifies God in Heaven, while the right element, pointing downward, symbolizes Earth, illustrating the fulfillment of God’s will on Earth through their unity.
Inspired by traditional Korean art, the overall design employs brushstroke techniques unique to Korean painting and subtly incorporates the Hangul characters representing “Seoul.” At the same time, the logo captures the vibrant energy of youth and skillfully incorporates the letters WYD into its composition.
Additionally, the red on one side of the cross symbolizes the blood of the martyrs, harmonizing with the empowering theme, “Take courage.” The blue represents the vitality of youth and symbolizes God’s calling. Together, these colors echo the Taegeuk pattern on the Korean flag.
Finally, the yellow color that shines behind the cross represents the Christ, who is the “Light of the World.” Christ has overcome the world. He shines upon our Church like the sun rising from the East. And He guides the Church towards unity.
Through this diverse symbolism, the logo for the WYD Seoul 2027 integrates the multiple meanings of martyrdom, youth, Seoul, WYD, and the cross, celebrating the glory of victory achieved through the Holy Spirit. It heralds the call to the young people of Korea and the world to proclaim the faith of the martyrs to the world of our time.
Beyond the symbolism of the logo, we are dedicated to ensuring that the fruits of World Youth Day lead to genuine growth and renewal within the Church. We will undertake this journey, moving forward step by step with unwavering trust in the Lord and with courageous resolve.
Thank you.
Intervention of Miss Gabriela Su-Ji Kim
Youth Leadership and opportunities for evangelization
Hello, my name is Kim Suji Gabriella and I am here to share my passion for youth leadership and the role I hope World Youth Day will have in rekindling our faith. First, I would like to express my gratitude to the Holy Father, who invited everyone to Korea for the next World Youth Day in Seoul, as well as to all those who are working to prepare for this event. My journey in serving youth began as a catechist for middle and high school students in my parish. After experiencing WYD Krakow in 2016, I had the honor of attending the Synod Journeying with Young People in Rome in 2017 as a Korean delegate. This precious experience of meeting and interacting with the Pope and fellow young people has fueled my commitment to serve in the Church.
The COVID-19 pandemic that swept the world prevented many from attending church. As the dark days stretched on, many young people drifted away from the faith, and community dissolved. Now that we can gather once more, we face the challenge of a scattered flock, struggling to pass on the experience of faith. However, I am confident that WYD Seoul 2027 will provide a crucial opportunity to rekindle the flames of faith, not only in Korea but also around the world.
We have been invited to embark on a journey to live the spirit of the Synod. With a joyful “Yes,” we will join with young people from around the world. Through WYD Seoul 2027, we will forge a path of unity, hope, courage, and passion, welcoming people from all walks of life, not just Catholic believers, to walk together in harmony. I trust that our Lord Jesus Christ will walk with us on this pilgrimage to the “Far East” and beyond and I am hopeful that all of you in this room will accompany us as well. Thank you.
Source: GlobeNewswire (MIL-OSI)
VANCOUVER, British Columbia, Sept. 24, 2024 (GLOBE NEWSWIRE) — Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), a leading near-commercial lithium company, today announced its financial and operating results for the fiscal fourth quarter and year ended June 30, 2024.
“We delivered on our promises in fiscal 2024 with the advancement of our world-class lithium brine assets and by securing a strategic partnership with global energy major, Equinor,” said David Park, CEO and Director of Standard Lithium. “Standard Lithium holds globally-significant lithium brine assets in the Smackover with the potential to help meet the growing demand for sustainable lithium production in the U.S. We are the most advanced DLE play in North America, having proven direct lithium extraction at a commercial scale. The Standard Lithium team has done an outstanding job of differentiating itself from the pack by systematically de-risking its business, including the consummation of it’s partnerships with Equinor and Koch. Now, with the recent announcement of the conditional DOE grant of US$225 million, is the time for us to prioritize, focus and execute. We look forward to working closely with our partners to advance our South West Arkansas and East Texas projects.”
Highlights Subsequent to the Fourth Quarter Ended June 30, 2024
All amounts are in US dollars unless otherwise indicated.
Fourth Quarter and Full Year 2024 Highlights
Consolidated Financial Statements
This news release should be read in conjunction with the Company’s Consolidated Financial Statements and MD&A for the year ended June 30, 2024, which are available on the Company’s issuer profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov.
Q4 AND FISCAL YEAR 2024 RESULTS CONFERENCE CALL AND WEBCAST
The Company will hold a conference call and webcast to discuss its fourth quarter and fiscal year 2024 on Tuesday, October 1st at 3:30 p.m. ET. Access to the call is available via webcast or direct dial.
Conference Call and Webcast Details
Standard Lithium Fourth Quarter and Fiscal Year 2024 Results Call and Webcast
October 1, 2024 3:30 p.m. Eastern Time (US and Canada)
Participant Information:
USA / International Toll +1 (646) 307-1963
USA – Toll-Free (800) 715-9871
Canada – Toronto (647) 932-3411
Canada – Toll-Free (800) 715-9871
Attendee Webcast Link:
https://events.q4inc.com/attendee/719576289
About Standard Lithium Ltd.
Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a portfolio of large, high-grade lithium-brine properties in the United States. The Company prioritizes projects characterized by the highest quality resources, robust infrastructure, skilled labor, and streamlined permitting. Standard Lithium aims to achieve sustainable, commercial-scale lithium production via the application of a scalable and fully integrated Direct Lithium Extraction (“DLE”) and purification process. The Company’s flagship projects are located in the Smackover Formation, a world-class lithium brine asset, focused in Arkansas and Texas. In partnership with global energy leader Equinor ASA, Standard Lithium is advancing the South West Arkansas project, a greenfield project located in southern Arkansas, and actively exploring promising lithium brine prospects in East Texas. Additionally, the Company is advancing the Phase 1A project in partnership with LANXESS Corporation, a brownfield development project located in southern Arkansas. Standard Lithium also holds an interest in certain mineral leases in the Mojave Desert in San Bernardino County, California.
Standard Lithium trades on both the TSX Venture Exchange and the NYSE American under the symbol “SLI”; and on the Frankfurt Stock Exchange under the symbol “S5L”. Please visit the Company’s website at www.standardlithium.com.
Qualified Person
Steve Ross, P.Geol., a qualified person as defined by National Instrument 43-101, and Vice President Resource Development for the Company, has reviewed and approved the relevant scientific and technical information in this news release.
Twitter: @standardlithium
LinkedIn: https://www.linkedin.com/company/standard-lithium/
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to intended development timelines, future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulation in Canada and the United States, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
Source: GlobeNewswire (MIL-OSI)
CashX’s Self-Service Kiosks and Mobile Wallet App Launch Across the OPMX Retail Network in California, Colorado and Texas Beginning in October 2024
SAN DIEGO and SAN FRANCISCO, Sept. 24, 2024 (GLOBE NEWSWIRE) — CashXAI Inc. (“CashX”) and OPMX are pleased to announce that they have signed an international agreement to install CashX Self Service Financial Services Kiosks at OPMX customers’ retail locations including approximately 500 supermarkets in California, Colorado and Texas. This expands CashX’s reach to comprise 5,000 retailers across the United States and over 5,000 locations in Mexico and Latin America.
In addition to physical kiosk access, CashX offers its CashX Mobile Wallet Application, which enables consumers digital access to all their financial needs without an evaluation of financial history. This mobile solution consists of services including check cashing, money transfer, mobile recharge, bill payment, gift cards, e-tickets and other high demand financial transactions.
Stephen Combe, CEO of CashX, said, “We are delighted to partner with OPMX and expand their offering with accessible financial offerings, providing additional vital services to the Latin Community. Pharmacies and supermarkets have long been a hub in Latin neighborhoods and stocked with OPMX’s well known and trusted brands and products that provide that close-to-home feel to consumers from other countries. With our recent steps to innovate CashX’s financial services infused with AI retail sector marketing technology, we provide consumers an adjacent essential utility that digitizes and simplifies routine purchases.”
Fernando Garces, CEO of OPMX, commented, “We proudly maintain a strong presence in well-recognized locations that cater to the Hispanic community. Our strategic distribution network allows us to reach our valued customers in these vibrant communities, making our products readily available and accessible to those who matter most to us – adding Financial Services and helping our customer’s gain access to financial freedom is a key extension to our mission. We would also like to thank our channel partner, Mr. Quedon Baul for bringing this opportunity to us and facilitating the partnership between OPMX and CashX.”
CashX Rollout Plan
Installation of CashX solutions will begin in October 2024 in approximately 500 retailers in California, Colorado and Texas, with a parallel rollout throughout Mexico. Further expansion to all states and additional key countries in Latin America is expected in early 2025. The total network is expected to cover 5 countries and over 15,000 retail locations.
The second phase of the rollout will launch CashX’s next generation of kiosks with AI integrated retail marketing strategies of consumers at point of sale, which is empowering the future interplay of business, consumers and retail advertising.
About CashXAI Inc.
CashXAI Inc., a leader in financial innovation, offers a dynamic platform for individuals lacking traditional banking access. The CashXAI mobile app simplifies converting cash into digital currency, supporting transactions from check cashing to money transfer without requiring a bank account. With an extensive retail network, CashXAI provides unparalleled financial freedom and management capabilities, empowering users to effortlessly control their finances from anywhere. CashXAI stands at the forefront of bridging financial gaps for underbanked communities. Further illustrating CashX’s innovative business structure, its previously announced intellectual property license agreement with Alpha Modus permits CashX with the exclusive right to use all of Alpha Modus’ patented intellectual property in connection with CashX’s promotional, advertising, and operational functions, including co-development arrangements with Alpha Modus, within the Exclusive Industry. The “Exclusive Industry” means the industry relating to self-service kiosks located in retail food, drug and convenience stores for the purpose of serving Unbanked and Underbanked consumers, by offering banking, phone and insurance solutions to the consumer. An “Unbanked” consumer means a person that does not have a checking or savings account with an FDIC-insured institution, and an “Underbanked” consumer means a person that has or had a checking or savings account with an FDIC-insured institution, but regularly uses non-traditional banks such as Venmo or the Cash App, or lenders such as a check cashing company or payday lender.
For more information, please visit the CashX website at https://cashx.ai/.
About OPMX
OPMX are leaders in the Latino pharmaceutical market in the United States through stores and brands that connect consumers with their countries of origin, evoking trust and a feeling of being close to home.
Latino consumers have a strong sense of cultural identity and pride in their heritage, and by seeing brands that represent their culture, they can feel an emotional connection to the products and companies behind them. With a focus on quality, cultural relevance, and a dedication to serving the Hispanic market in the United States, our pharmaceutical products stand as a testament to our unwavering commitment to providing innovative, effective, and compassionate healthcare solutions to this vibrant and diverse audience. Discover more at www.opmx.us
Forward-Looking Statements Disclaimer
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at SEC.gov.
Media Contact Details
CashX
André Mouton andre.mouton@cashx.ai
OPMX
Ricardo Silveira, COO r.silveira@opmx.us
Source: GlobeNewswire (MIL-OSI)
PORTLAND, Maine, Sept. 24, 2024 (GLOBE NEWSWIRE) — Northeast Bank (the “Bank”) (NASDAQ: NBN) announced today that since June 30, 2024, the Bank has purchased primarily commercial real estate loans in the amount of unpaid principal balance of $805 million. Because the purchases closed primarily late in the quarter, there will be minimal impact on earnings for the first fiscal quarter of 2025. The Bank has funded and intends to fund the purchase of these loans primarily relying on brokered deposits and Federal Home Loan Bank advances.
Discussing the purchases, Rick Wayne, Chief Executive Officer said, “We are very pleased with this quarter’s purchased loan activity, which represents the second largest quarterly loan purchase volume in the Bank’s history. We have developed a reputation in the loan purchase market as a strong and reliable counterparty. Our experienced, professional, and dedicated team allows us to take advantage of the opportunities that have been and are available to the Bank.”
About Northeast Bank
Northeast Bank (NASDAQ: NBN) is a full-service bank headquartered in Portland, Maine. We offer personal and business banking services to the Maine market via seven branches. Our National Lending Division purchases and originates commercial loans on a nationwide basis. ableBanking, a division of Northeast Bank, offers online savings products to consumers nationwide. Information regarding Northeast Bank can be found at www.northeastbank.com.
Forward-Looking Statements
Statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We may also make forward-looking statements in other documents we file with the Federal Deposit Insurance Corporation (the “FDIC”), in our annual reports to our shareholders, in press releases and other written materials, and in oral statements made by our officers, directors or employees. You can identify forward-looking statements by the use of the words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “assume,” “outlook,” “will,” “should,” and other expressions that predict or indicate future events and trends and which do not relate to historical matters. Although the Bank believes that these forward-looking statements are based on reasonable estimates and assumptions, they are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors. You should not place undue reliance on our forward-looking statements. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to significant risks, uncertainties and other factors which are, in some cases, beyond the Bank’s control. The Bank’s actual results could differ materially from those projected in the forward-looking statements as a result of, among other factors, changes in general business and economic conditions on a national basis and in the local markets in which the Bank operates, including changes which adversely affect borrowers’ ability to service and repay loans; changes in customer behavior due to political, business and economic conditions, including inflation and concerns about liquidity; turbulence in the capital and debt markets; reductions in net interest income resulting from interest rate volatility as well as changes in the balances and mix of loans and deposits; changes in interest rates and real estate values; changes in loan collectability and increases in defaults and charge-off rates; decreases in the value of securities and other assets, adequacy of credit loss reserves, or deposit levels necessitating increased borrowing to fund loans and investments; changing government regulation; competitive pressures from other financial institutions; changes in legislation or regulation and accounting principles, policies and guidelines; cybersecurity incidents, fraud, natural disasters, and future pandemics; the risk that the Bank may not be successful in the implementation of its business strategy; the risk that intangibles recorded in the Bank’s financial statements will become impaired; changes in assumptions used in making such forward-looking statements; and the other risks and uncertainties detailed in the Bank’s Annual Report on Form 10-K and updated by our Quarterly Reports on Form 10-Q and other filings submitted to the FDIC. These statements speak only as of the date of this release and the Bank does not undertake any obligation to update or revise any of these forward-looking statements to reflect events or circumstances occurring after the date of this communication or to reflect the occurrence of unanticipated events.
For More Information:
Richard Cohen, Chief Financial Officer
Northeast Bank, 27 Pearl Street, Portland, ME 04101
207.786.3245 ext. 3249
www.northeastbank.com
Source: GlobeNewswire (MIL-OSI)
DALLAS, Sept. 24, 2024 (GLOBE NEWSWIRE) — TriumphPay announced today the addition of Ascent Global Logistics (“Ascent”), a leading global provider of expedited, time-critical logistics solutions, to the TriumphPay Network, as a full audit and payments participant. By joining the TriumphPay Network, Ascent is taking a significant step toward providing a more streamlined payment experience.
“At Ascent, our carriers are at the heart of everything we do, and their success directly impacts the level of service we provide to our customers,” said Jack Korslin, chief financial officer of Ascent Global Logistics. “We’re excited to begin our partnership with TriumphPay by rolling out enhanced payment solutions to our carriers in our brokerage business segment, with plans to expand to the rest of our carrier network in the near future.”
Adding Ascent to the TriumphPay Network represents another significant milestone for the ongoing growth and expansion of the network. In the second quarter, network engagement was $51.3 billion in unique brokered freight transactions, nearing 50% of the freight market.
“We are thrilled to welcome Ascent Global Logistics to our network,” said Aaron P. Graft, vice chairman and chief executive officer of Triumph Financial. “As we continue to build the density of our network, adding new brokers is critical to achieving our long-term goals. Creating density is the foundation for delivering even greater efficiency and value to our customers. With each new participant, we’re enhancing the ecosystem and network effect, making it more beneficial for all participants.”
TriumphPay provides innovative payment processing solutions tailored for the transportation industry. These solutions empower freight brokers to achieve heightened operational efficiency, improved financial transparency, and enhanced fraud mitigation.
Ascent joins leading, notable U.S. freight brokers on the TriumphPay Network. For more information, visit www.ascentlogistics.com and www.triumphpay.com.
About TriumphPay
TriumphPay is the premier network for freight brokers, factors, shippers and carriers in the North American trucking industry, offering a structured, secure data exchange. The TriumphPay Network and integrated technology solutions remove friction and reduce fraud in the presentment, audit and payment of approximately $51.3 billion in unique brokered freight transactions. TriumphPay is a division of TBK Bank, SSB, Member FDIC, and a member of the Triumph Financial, Inc. (Nasdaq: TFIN) portfolio of brands. For more information, visit us at www.triumphpay.com.
About Ascent Global Logistics
Ascent Global Logistics, headquartered in Belleville, Michigan, is a leading global provider of expedited, time-critical logistics solutions and other direct transportation services. The company connects customers to its extensive carrier network, internal ground fleet and airline via its proprietary, digital PEAK freight marketplace, which provides robust carrier capacity and transparent pricing, backed by 24/7/365 logistics experts. Ascent’s offerings include air charter and ground expedited solutions as well as truckload, less-than-truckload, global forwarding, brokerage, and managed transportation services. The experienced Ascent team solves customers’ most challenging logistics needs by providing industry-leading service and top-tier satisfaction. To learn more, visit www.ascentlogistics.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that such statements are predictions and that actual events or results may differ materially. Triumph Financial’s expected financial results or other plans are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” and the forward-looking statement disclosure contained in the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 13, 2024. Forward-looking statements speak only as of the date made and Triumph Financial undertakes no duty to update the information.
Source: Triumph Financial, Inc.
Investor Relations Contact:
Luke Wyse
Triumph Financial, Inc.
Senior Vice President, Head of Investor Relations
lwyse@tfin.com
Media Contacts:
Amanda Tavackoli
Triumph Financial, Inc.
Senior Vice President, Director of Corporate Communication
atavackoli@tfin.com
Kelli Finn
Ascent Global Logistics
Director of Marketing
media@ascentlogistics.com
Source: GlobeNewswire (MIL-OSI)
Agreements to Significantly Improve Balance Sheet by Reducing Total Debt, Deferring Principal and Interest Payments, and Substantially Lowering Near-Term Cash Needs
SEATTLE, Sept. 24, 2024 (GLOBE NEWSWIRE) — Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced that it entered into agreements with lenders and service providers to write off up to $5.6 million of outstanding liabilities and restructure a further $19.2 million of its existing debt obligations, improving the Company’s overall financial position by amending certain credit obligations and extending the maturity of certain debt facilities. Including the previously executed Cantor Fitzgerald fee restructuring, this represents a total of $28.8 million in anticipated reduced and restructured liabilities.
Banzai has reached an agreement with creditors to eliminate approximately $15.3 million of debt via a combination of private placement and debt restructuring, with participation from insiders including Alco Investment Company (“Alco”).
As part of the debt restructuring, a term loan with CB BF Lending is being converted to a fixed-price convertible with a maturity date extended to February 19, 2027, a two-year extension. This substantially increases the cash runway and improves working capital; we believe it will also enable the Company to achieve its near-term growth initiatives.
“These agreements are delivering on our commitments and taking meaningful steps to significantly reduce our debt burden and strengthen Banzai’s financial position,” said Joe Davy, CEO of Banzai. “I am confident that this restructure will provide the financial flexibility needed to significantly improve the company’s balance sheet, allowing us to continue executing our strategy to build a data-driven platform with essential marketing technology solutions that integrate seamlessly.
“We are committed to making progress in improving liquidity and strengthening our capital structure to position us for long-term success. We appreciate the support of our lenders and stakeholders who have demonstrated their belief in the Company’s strategy and future,” concluded Davy.
About Banzai
Banzai is a marketing technology company that provides essential marketing and sales solutions for businesses of all sizes. On a mission to help their customers achieve their mission, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively. Banzai customers include Square, Hewlett Packard Enterprise, Thermo Fisher Scientific, Thinkific, Doodle and ActiveCampaign, among thousands of others. Learn more at www.banzai.io. For investors, please visit https://ir.banzai.io.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as “believe,” “may,” “will,” “estimate,” “target,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “propose,” “plan,” “project,” “forecast,” “predict,” “potential,” “seek,” “future,” “outlook,” and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding Banzai International, Inc.’s (the “Company’s”): future financial, business and operating performance and goals; annualized recurring revenue and customer retention; ongoing, future or ability to maintain or improve its financial position, cash flows, and liquidity and its expected financial needs; potential financing and ability to obtain financing; acquisition strategy and proposed acquisitions and, if completed, their potential success and financial contributions; strategy and strategic goals, including being able to capitalize on opportunities; expectations relating to the Company’s industry, outlook and market trends; total addressable market and serviceable addressable market and related projections; plans, strategies and expectations for retaining existing or acquiring new customers, increasing revenue and executing growth initiatives; and product areas of focus and additional products that may be sold in the future. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements. Therefore, investors should not rely on any of these forward-looking statements. Factors that may cause actual results to differ materially include changes in the markets in which the Company operates, customer demand, the financial markets, economic, business and regulatory and other factors, such as the Company’s ability to execute on its strategy. More detailed information about risk factors can be found in the Company’s Annual Report on Form 10-K and the Company’s Quarterly Reports on Form 10-Q under the heading “Risk Factors,” and in other reports filed by the Company, including reports on Form 8-K. The Company does not undertake any duty to update forward-looking statements after the date of this press release.
Investor Relations:
Chris Tyson
Executive Vice President
MZ Group – MZ North America
949-491-8235
BNZI@mzgroup.us
www.mzgroup.us
Media
Rachel Meyrowitz
Director, Demand Generation, Banzai
rachel.meyrowitz@banzai.io
Source: GlobeNewswire (MIL-OSI)
PHOENIX, Sept. 24, 2024 (GLOBE NEWSWIRE) — Award-winning real estate technology innovator Lofty today unveiled an enhanced Enterprise platform, purpose built to support the unique and complex needs of all brokerages – both traditional and virtual. Top brokerages including Epique Realty, Lucido Global, and REAL rely on the AI powered platform, proven to help boost agent productivity and accelerate profitable growth. Featuring enhanced reporting capabilities, extensive custom branding options, and an innovative new pricing scheme, Lofty’s Enterprise platform provides the foundation brokerage owners need to recruit and retain a powerhouse team and effectively compete in today’s market while also helping them to reduce their technology costs. To learn more about Lofty, visit HERE.
All-in-One Platform Expressly Built for Modern Brokerages
Lofty’s Enterprise platform features a new flexible org structure designed to fit brokerages of all types – including both traditional and virtual models – and effectively scale as the business grows. With enhanced reporting capabilities to help increase agent and team productivity, capture campaign ROI and critical performance metrics, the updated platform delivers the operational intelligence needed to drive the business forward. New pricing models include a unique revenue-sharing option that empowers brokerages to significantly reduce their cost of ownership, and with a robust library of custom white label options, Lofty Enterprise helps customers amplify brand loyalty efforts.
The award-winning platform is also a lynchpin to recruiting and retaining a powerhouse team. Lauded for its easy to use and intuitive interface, Lofty ensures agents are up and running quickly and immediately benefit from access to an all-in-one platform, designed to support the entire real estate process, from search to settlement. By automating time consuming, mundane tasks through intuitive AI capabilities, Lofty empowers agents to focus on building essential customer relationships to close more deals faster. And with an unwavering commitment to innovation, Lofty delivers new features regularly– from marketing automations and social media content development to sleek IDX templates and effective smart plans – to support evolving agent needs.
Top Brokerages Rely on Lofty Enterprise Platform
Large brokerage customers who rely on Lofty’s Enterprise platform report increased agent adoption, significant time and cost savings and accelerated business growth. In just one year since implementing Lofty Enterprise, fast growing virtual brokerage Epique Realty has increased their agent base by 342%, more than 2,000 agents. Today, 90% of Epique agents rely on Lofty, an adoption rate three times higher than with the company’s previous CRM. According to CEO and Co-Founder, Josh Miller, “If you’re a large, growing brokerage, I encourage you to consider Lofty as your platform of choice. We currently manage more than 500k leads through Lofty with no plans to slow down. Lofty has the massive scale we need to grow our business, the features our agents require to be successful, and the powerful technology backbone to support our commitment to innovation.”
As Chief Strategy Officer for Lucido Global, Robert Lucido Jr. understands the power of innovative technology to drive efficiencies, support scalability and boost the bottom line. In fact, since relying on Lofty, Lucido Global has increased business growth by more than 40%. “Everything we do is about optimizing the value of time and Lofty is instrumental in helping us achieve this goal. Almost immediately, Lofty helped us eliminate more than 41% of labor intensive, manual data entry, recouping value time and ensuring our agents stay focused on revenue generating activities,” reports Lucido.
“With so much pressure to demonstrate bottom line results amid continued market uncertainty, we understand why brokerage owners may be hesitant to invest in technology right now,” said Stuart Sim, Vice President, Industry Development Lofty. “Yet with interest rates trending down, now is exactly the right time to implement an end-to-end tech platform, designed to help agents work smarter not harder, and maximize the opportunity for new revenue. Rest assured, our Enterprise platform was purpose-built and thoughtfully priced to support the complex and unique needs of brokerages, proven to deliver the results needed to effectively grow the business. Brokerage owners should feel confident that an investment in Lofty is an investment in their future.”
To learn more about how Lofty can help you meet your business growth goals, visit www.lofty.com.
About Lofty Inc.
Lofty Inc. (formerly Chime Technologies) provides an AI-powered platform that helps real estate professionals increase their productivity and accelerate business growth. Featuring award-winning technology, the Lofty platform is designed to optimize every step of the real estate journey, from search to settlement. By leveraging one unified hub, customers can automate marketing programs, streamline the sales process, and maximize collaboration between agents empowering them to spend more time building relationships and their business. Headquartered in Phoenix, Arizona, Lofty operates as a US subsidiary of Moatable, Inc. (OTCPK: MTBLY). For more information, visit lofty.com.
For More Information:
Sarah Murray
Attune Communications
sarah@attunecommunications.com
Source: Africa Press Organisation – English (2) – Report:
ABIDJAN, Ivory Coast, September 24, 2024/APO Group/ —
The Board of Directors of the African Development Bank Group (www.AfDB.org) on 20 September 2024 approved a $129.71 million loan to Tanzania for the implementation of a youth-focused agribusiness program.
The loan will fund the first phase of the “Building a Better Tomorrow: Youth Initiatives for Agribusiness” program, which aims to create business opportunities and jobs for young people in key agricultural sectors.
The total cost of the project is estimated at $241.27 million. In addition to the Bank’s loan, which covers 53,76 percent of the cost, the funding package includes grants of $1.15 million from the Korea-Africa Economic Cooperation (KOAFEC) Trust Fund and $210,000 from tropical vegetable seed firm East-West Seed. The Tanzanian government will provide $110.41 million, representing 45.76 percent of the total.
Patricia Laverley, the Bank’s Country Manager for Tanzania, said: “This project is expected to incubate and empower approximately 11,000 ‘agripreneurs,’ including at least 6,000 young agribusiness owners.” She added that the program will facilitate access to finance for an additional 2,500 young people already involved in agribusiness but lacking access to commercial loans. We expect each agribusiness run by a young person will employ an average of five workers.”
The project will implement strategies to raise awareness and manage knowledge using youth-oriented information and communication technologies. It will also provide training and support for agrifood business incubation and acceleration, with a particular focus on the recruitment of female applicants.
Digital technologies, including satellite technology and artificial intelligence, will be utilized to improve agricultural productivity and decision-making processes for young farmer cooperatives.
As of 30 June 2024, the African Development Bank approved 25 projects in Tanzania, with a total commitment of $3.48 billion.
Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English
The Federal Financial Supervisory Authority (BaFin) warns consumers about the company Investment-Group and the services it is offering. BaFin suspects the operators of the website trade-mgrp.pro of offering consumers financial and investment services without the required authorisation. The operators claim to be supervised by the European Financial Supervisory Authority. There is no such authority; BaFin has already issued a warning to this effect. On 1 July 2024, BaFin also published a warning regarding an identical offer on the website investmgrp.com.
Anyone wishing to conduct banking business or provide financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation. Information on whether a particular company has been granted authorisation by BaFin can be found in BaFin’s database of companies.
The information provided by BaFin is based on section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG).
BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.
Source: Agenzia Fides – MIL OSI
Dhaka (Agenzia Fides) – “The situation we find ourselves in after the political and social crisis of last August is delicate. There are still tensions in society, there are protests, especially among young people. The massive student protests have led the Prime Minister to leave the country and flee abroad. The new interim government led by Mohamed Yunus now has the difficult task of healing the political, social and economic wounds, restoring trust, but also maintaining the rule of law, because there are also some worrying signs,” said the Auxiliary Bishop of the Archdiocese of Dhaka, Subroto Boniface Gomes, in an interview with Fides.The Bishop points to possible “dangers” arising from the student protests. “For example, in some Catholic schools in the diocese of Dhaka, students tried to force the dismissal of some teachers, duly selected and paid by the school administration, just because they did not agree with the new course or because they dared to criticize the student protest. This led to a crisis in our schools, which are attended by 95% Muslim or non-Christian students,” he explains. “Faced with the attempt to impose this or other measures by force, such as admitting girls wearing burqas in school, the Archbishop first decided, in a resounding decision, to close two schools. One was a girls’ school, the other is run by the Brothers of the Holy Cross. The joint intervention of the parents’ committee, religious representatives and school staff enabled dialogue, a peaceful solution to the crisis and the reopening of the schools. We could not give up on our values and principles. But it is an example that the legitimate rights of students must not interfere with and undermine democracy, the rule of law or the rights of others,” said Bishop Gomes.Another aspect to keep under control “is the return or creation of radical Islamic groups and parties that could affect the lives of religious minorities or promote an Islamization agenda.” “We must be vigilant in this regard because the temptation of extremism is just around the corner. It is important not to polarize society. We trust that the new Yunus government will turn the tide in the spirit of upholding democratic principles, respect for the constitution and fundamental freedoms for all citizens, regardless of their religious affiliation,” said the bishop.In July this year, thousands of students took to the streets to protest the Supreme Court’s decision to reinstate a controversial quota system for access to coveted government jobs. The government of Prime Minister Shehik Hasina responded to the demonstrations by deploying police and paramilitary forces, who shot at the crowd. The protests thus became a movement against Hasina and his party, the Awami League, which has ruled the country for 15 years, often delegitimizing or arresting political opponents and dissidents. The official number of victims of the repression is around 1,000 dead and hundreds injured. On August 5, the head of government finally fled abroad, seeking refuge in India. The army then dissolved parliament and appointed 84-year-old economist Muhammad Yunus, known as the “banker of the poor”, as head of a transitional government. He is known for the “Grameen Bank”, which specializes in the microcredit system and for which he received the Nobel Peace Prize in 2006. His executive is now leading a delicate transition period until new elections.(PA) (Agenzia Fides, 24/9/2024)
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Source: US State of New Jersey
TRENTON – Kicking off Climate Week, Environmental Protection Commissioner Shawn M. LaTourette today announced the release of the final 2024 New Jersey Statewide Water Supply Plan, which for the first time assesses water supply challenges resulting from climate change and offers climate resilience solutions. Climate Week provides an opportunity for the public to learn about the many ways climate change is threatening the planet and the steps that can be taken to become more resilient and mitigate its impacts.
“The Statewide Water Supply Plan plays a critical role to inform local water supply management decisions by presenting the newest science to better prepare us for the challenges brought on by our changing climate,” said Commissioner LaTourette. “In addition to upgrading our aging infrastructure, a healthy water supply is dependent on constant reevaluation of how we can use water more efficiently to protect it for future generations.”
Consistent with the state’s comprehensive approach to making New Jersey resilient to the worsening impacts of climate change, the 2024 plan seeks to assess the threats of climate change to the state’s water supply. Of particular concern are temperature, precipitation, and sea-level changes, which will significantly impact water quantity, where and when it is available, and its quality. The plan also examines how emerging contaminants may impact water supply.
“New Jersey’s climate is changing. From increased temperatures to sea-level rise, these climate impacts can pose a threat to our water supplies if not properly addressed by proactive planning, management, and permitting,” said State Geologist Steven Domber. “By conducting comprehensive monitoring that factors in climate impacts such as increased temperatures, we can develop models and identify trends that will help local water users make informed decisions to ensure New Jerseyans have access to reliable and safe supplies of water now and in the future.”
A 60-day public comment period followed the release of the draft plan on February 26, 2024. The DEP then held two public meetings (one in-person and one virtual) and reviewed and incorporated comments from those meetings before finalizing the plan. Both the plan and a summary response to comment report are available at dep.nj.gov/water-supply-plan.
The DEP has also developed a new interactive website that outlines key information from the plan for specific audiences, including residential users, water professionals and others to summarize key plan topics, such as climate change and environmental justice. The website can be found at dep.nj.gov/water-supply-plan/storymap. The site will be updated as additional data and plan updates become available.
Water Supply Planning
The Water Supply Management Act (N.J.S.A. 58:1A-13) directs the DEP to prepare the New Jersey Statewide Water Supply Plan, analyze water supply data, examine associated risks, study projections, and make recommendations for effective management of the state’s water supplies.
The initial version of the plan was adopted in 1982 and updated in 1983, 1985, 1987, 1991, and 1993. Major revisions occurred in 1996 and 2017. The 2024 plan will be updated again in five years, but some aspects may be revised sooner.
The plan must carry out its assessments and recommendations from both statewide and regional perspectives to pursue comprehensive management addressing the diversity of water supply issues faced in different areas of New Jersey.
Drafted to align with the DEP’s related water regulations and policies, the plan provides guidance for state and regional groups making decisions concerning water supply. One of the primary goals of the plan is to put forward defined, actionable steps that the DEP can take to ensure water supplies are sufficient, in quality and quantity, to meet existing and future needs.
Water Supply Challenges Assessed
New Jersey has repeatedly faced a confluence of water resource challenges that have tested both infrastructure and responsiveness. Extremely low precipitation and streamflow in summer 2022 led the DEP to declare a Drought Watch, the first in more than six years. During the same period, aging infrastructure failed, resulting in massive water main breaks; water systems were required to address sources contaminated with per- and polyfluoroalkyl substances (PFAS), and harmful algal blooms were worsened by extremely warm temperatures. Additional challenges occurred in 2023, with four months experiencing near record temperatures and the state having its wettest December on record.
The combination of these challenges in 2022 and 2023 severely tested the resilience of New Jersey’s management of water resources. Such conditions are expected to persist or worsen in the future, requiring the DEP and its partner institutions to delicately balance the management of water resources by carefully administering planning, regulatory, investment and incident response initiatives.
Recommended Action Areas
The availability of surface water, unconfined groundwater, and confined aquifers, the use of which varies geographically, was modeled to investigate potential shortages. Although not evenly distributed throughout the state, total natural water resource availability (including reservoirs) remains about the same as the 2017 New Jersey Statewide Water Supply Plan determined. However, current and forecasted use did change, and a few regions showed potential shortages. The plan provides details and recommendations to address these areas.
To meet requirements and ensure that New Jerseyans continue to have ample, reliable, and safe supplies of water now and in the future, the following action areas are covered in the plan, with greater detail on each found in Chapter 8, and elsewhere throughout the plan:
NEW YORK, NY — The U.S. Climate Alliance, a bipartisan coalition of 24 governors representing approximately 60 percent of the U.S. economy and 55 percent of the U.S. population, today launched the Governors’ Climate-Ready Workforce Initiative to grow career pathways in climate and clean energy fields, strengthen workforce diversity, and jointly train 1 million new registered apprentices by 2035 across the Alliance’s states and territories.
Today’s announcement was made at a Climate Week NYC event featuring Alliance co-chairs New York Governor Kathy Hochul and New Mexico Governor Michelle Lujan Grisham, founding member Washington Governor Jay Inslee, and White House National Climate Advisor Ali Zaidi.
“In New York, we’re showing how climate action and economic growth go hand-in-hand,” said New York Gov. Kathy Hochul. “As a co-chair of the U.S. Climate Alliance, I’m proud to be collaborating with states, industry leaders, labor unions, higher education and community organizations to create the jobs of the future required to build a clean, equitable, and resilient economy. A skilled and well-prepared workforce will drive innovation, create new businesses, and ensure a sustainable, resilient future for our country.”
“We need a climate-ready workforce — from EV technicians and heat pump installers to solar panel manufacturers — to meet our carbon reduction goals,” said New Mexico Gov. Michelle Lujan Grisham. “The Executive Order I’m issuing today in conjunction with the Alliance’s new Workforce Initiative will help ensure that workers from all backgrounds have access to the skills and training needed for high-quality, climate-ready jobs across New Mexico.”
“We’re aligning our ambitious climate policies with workforce development to have 1 million more workers poised to take these good-paying, union jobs that serve our communities and strengthen our economies,” said Washington Gov. Jay Gov. Inslee. “These are economy-wide jobs, not just in clean energy but building trades, land management, clean technology and more. Climate Alliance states have a track record of meeting our ambitious goals and that momentum continues today.”
“Under President Biden and Vice President Harris’s leadership, we are bringing down the barriers to economic opportunity, lowering costs for American families, and catalyzing a renaissance of American-made manufacturing that is creating jobs across America. In fact, just last year, we added over 250,000 new American energy jobs — with clean energy jobs growing twice as fast as the rest of the sector,” said White House National Climate Advisor Ali Zaidi. “Governors across America are at the forefront of our efforts to spur growth in union jobs, expand American energy production, and invest in the economic success of our communities. Today’s announcement will help capitalize on our momentum to create a climate-ready workforce that is rebuilding our nation’s infrastructure, communities, and industrial strength.”
The Initiative’s launch comes as historic federal investments, combined with ambitious state climate action, have unleashed a significant expansion of good-paying and union jobs in climate-ready fields — with millions more anticipated in the coming years under the Biden-Harris administration’s Inflation Reduction Act and Infrastructure Investment and Jobs Act. This includes high-quality jobs not only in clean energy and clean technology sectors — such as wind, solar, electric vehicles, energy efficiency, and batteries — but also in fields associated with climate resilience and natural climate solutions.
Under this Initiative, Alliance states and territories will collaborate to collectively support 1 million new workers in completing Registered Apprenticeship programs across the coalition by 2035. These programs, registered with the U.S. Department of Labor or federally approved State Apprenticeship Agencies, provide an especially valuable and proven career pathway, empowering workers to earn while they learn in key climate-ready occupations and industries.
Alliance members will also advance a series of collective goals aimed at strengthening and expanding pathways into a wide variety of climate-ready professions critical to building a clean, equitable, and resilient net-zero future. The Initiative’s goals include boosting job quality and ensuring climate-ready employment pathways lead to good-paying, high-quality jobs; expanding opportunities for workers from underrepresented and underserved communities; and promoting the use of stackable and portable credentials in climate-ready fields to build transferable skills, support reskilling and upskilling, and strengthen workers’ economic mobility. A full list of the Initiative’s goals can be found here.
Finally, to advance sector-specific strategies, Alliance members will work together through new multi-state cohorts focused on in-demand, climate-ready fields. These cohorts will provide a platform for states and territories to increase collaboration, share evidence-based practices, engage experts and stakeholders, and develop sectoral workforce solutions that can be scaled across the country. Cohorts to be launched in the Initiative’s first year will focus on careers in the following areas:
The Initiative will be led by Alliance states and territories with support from the Alliance’s Secretariat. In implementing the Initiative, Alliance members will customize efforts to meet their individual needs and challenges, while working together to achieve the collective goals. States and territories will also collaborate directly with their workforce development system partners, labor unions, higher education institutions, industry, and other key partners that bring substantial expertise and experience in this work.
This Initiative builds on a number of federal-state collaborations between the Alliance’s members and the Biden-Harris Administration, including a White House convening with Alliance governors’ offices in May focused on creating good-paying jobs and mobilizing a diverse workforce in climate and clean energy.
Additional information on the Governors’ Climate-Ready Workforce Initiative can be found here.
Source: US State of New York Federal Reserve
Good morning. I would like to thank the Kentucky Bankers Association for the invitation to join you today for your annual convention.1 I appreciate the opportunity to share my views on the U.S. economy and monetary policy before we engage on community banking issues and other matters affecting the banking industry.
In light of last week’s Federal Open Market Committee (FOMC) meeting, I will begin my remarks by providing some perspective on my vote and will then share my current views on the economy and monetary policy.
Update on the Most Recent FOMC MeetingIn order to address high inflation, for more than two years, the FOMC increased and held the federal funds rate at a restrictive level. At our September meeting, the FOMC voted to lower the target range for the federal funds rate by 1/2 percentage point to 4-3/4 to 5 percent and to continue reducing the Federal Reserve’s securities holdings.
As the post-meeting statement noted, I dissented from the FOMC’s decision, preferring instead to lower the target range for the federal funds rate by 1/4 percentage point to 5 to 5‑1/4 percent. Last Friday, once our FOMC participant communications blackout period concluded, the Board of Governors released my statement explaining the decision to depart from the majority of the voting members. I agreed with the Committee’s assessment that, given the progress we have seen since the middle of 2023 on both lowering inflation and cooling the labor market, it was appropriate to reflect this progress by recalibrating the level of the federal funds rate and begin the process of moving toward a more neutral stance of policy. As my statement notes, I preferred a smaller initial cut in the policy rate while the U.S. economy remains strong and inflation remains a concern, despite recent progress.
Economic Conditions and OutlookIn recent months, we have seen some further progress on slowing the pace of inflation, with monthly readings lower than the elevated pace seen in the first three months of the year. The 12-month measure of core personal consumption expenditures (PCE) inflation, which provides a broader perspective than the more volatile higher-frequency readings, has moved down since April, although it came in at 2.6 percent in July, again remaining well above our 2 percent goal. In addition, the latest consumer and producer price index reports suggest that 12‑month core PCE inflation in August was likely a touch above the July reading. The persistently high core inflation largely reflects pressures on housing prices, perhaps due in part to low inventories of affordable housing. The progress in lowering inflation since April is a welcome development, but core inflation is still uncomfortably above the Committee’s 2 percent goal.
Prices remain much higher than before the pandemic, which continues to weigh on consumer sentiment. Higher prices have an outsized effect on lower- and moderate-income households, as these households devote a significantly larger share of income to food, energy, and housing. Prices for these spending categories have far outpaced overall inflation over the past few years.
Economic growth moderated earlier this year after coming in stronger last year. Private domestic final purchases (PDFP) growth has been solid and slowed much less than gross domestic product (GDP), as the slowdown in GDP growth was partly driven by volatile categories including net exports, suggesting that underlying economic growth was stronger than GDP indicated. PDFP has continued to increase at a solid pace so far in the third quarter, despite some further weakening in housing activity, as retail sales have shown further robust gains in July and August.
Although personal consumption has remained resilient, consumers appear to be pulling back on discretionary items and expenses, as evidenced in part by a decline in restaurant spending since late last year. Low- and moderate-income consumers no longer have extra savings to support this type of spending, and we have seen loan delinquency rates normalize from historically low levels during the pandemic.
The most recent labor market report shows that payroll employment gains have slowed appreciably to a pace moderately above 100,000 per month over the three months ending in August. The unemployment rate edged down to 4.2 percent in August from 4.3 percent in July. While unemployment is notably higher than a year ago, it is still at a historically low level and below my and the Congressional Budget Office’s estimates of full employment.
The labor market has loosened from the extremely tight conditions of the past few years. The ratio of job vacancies to unemployed workers has declined further to a touch below the historically elevated pre-pandemic level—a sign that the number of available workers and the number of available jobs have come into better balance. But there are still more available jobs than available workers, a condition that before 2018 has only occurred twice for a prolonged period since World War II, further signaling ongoing labor market strength despite the reported data.
Although wage growth has slowed further in recent months, it remains indicative of a tight labor market. At just under 4 percent, as measured by both the employment cost index and average hourly earnings, wage gains are still above the pace consistent with our inflation goal given trend productivity growth.
The rise in the unemployment rate this year largely reflects weaker hiring, as job seekers entering or re-entering the labor force are taking longer to find work, while layoffs remain low. In addition to some cooling in labor demand, there are other factors likely contributing the increased unemployment. A mismatch between the skills of the new workers and available jobs could further raise unemployment, suggesting that higher unemployment has been partly driven by the stronger supply of workers. It is also likely that some temporary factors contributed to the recent rise in the unemployment rate, as unemployment among working age teenagers sharply increased in August.
Preference for a More Measured Recalibration of PolicyThe U.S. economy remains strong and core inflation remains uncomfortably above our 2 percent target. In light of these economic conditions, a few further considerations supported the case for a more measured approach in beginning the process to recalibrate our policy stance to remove restriction and move toward a more neutral setting.
First, I was concerned that reducing the target range for the federal funds rate by 1/2 percentage point could be interpreted as a signal that the Committee sees some fragility or greater downside risks to the economy. In the current economic environment, with no clear signs of material weakening or fragility, in my view, beginning the rate-cutting cycle with a 1/4 percentage point move would have better reinforced the strength in economic conditions, while also confidently recognizing progress toward our goals. In my mind, a more measured approach would have avoided the risk of unintentionally signaling concerns about underlying economic conditions.
Second, I was also concerned that reducing the policy rate by 1/2 percentage point could have led market participants to expect that the Committee would lower the target range by that same pace at future meetings until the policy rate approaches a neutral level. If this expectation had materialized, we could have seen an unwarranted decline in longer-term interest rates and broader financial conditions could become overly accommodative. This outcome could work against the Committee’s goal of returning inflation to our 2 percent target.
I am pleased that Chair Powell directly addressed both of these concerns during the press conference following last week’s FOMC meeting.
Third, there continues to be a considerable amount of pent-up demand and cash on the sidelines ready to be deployed as the path of interest rates moves down. Bringing the policy rate down too quickly carries the risk of unleashing that pent-up demand. A more measured approach wo
uld also avoid unnecessarily stoking demand and potentially reigniting inflationary pressures.
Finally, in dialing back our restrictive stance of policy, we also need to be mindful of what the end point is likely to be. My estimate of the neutral rate is much higher than it was before the pandemic. Therefore, I think we are much closer to neutral than would have been the case under pre-pandemic conditions, and I did not see the peak stance of policy as restrictive to the same extent that my colleagues may have. With a higher estimate of neutral, for any given pace of rate reductions, we would arrive at our destination sooner.
Ongoing Risks to the OutlookTurning to the risks to achieving our dual mandate, I continue to see greater risks to price stability, especially while the labor market continues to be near estimates of full employment. Although the labor market data have been showing signs of cooling in recent months, still-elevated wage growth, solid consumer spending, and resilient GDP growth are not consistent with a material economic weakening or fragility. My contacts also continue to mention that they are not planning layoffs and continue to have difficulty hiring. Therefore, I am taking less signal from the recent labor market data until there are clear trends indicating that both spending growth and the labor market have materially weakened. I suspect the recent immigration flows have and will continue to affect labor markets in ways that we do not yet fully understand and cannot yet accurately measure. In light of the dissonance created by conflicting economic signals, measurement challenges, and data revisions, I remain cautious about taking signal from only a limited set of real-time data releases.
In my view, the upside risks to inflation remain prominent. Global supply chains continue to be susceptible to labor strikes and increased geopolitical tensions, which could result in inflationary effects on food, energy, and other commodity markets. Expansionary fiscal spending could also lead to inflationary risks, as could an increased demand for housing given the long-standing limited supply, especially of affordable housing. While it has not been my baseline outlook, I cannot rule out the risk that progress on inflation could continue to stall.
Although it is important to recognize that there has been meaningful progress on lowering inflation, while core inflation remains around or above 2.5 percent, I see the risk that the Committee’s larger policy action could be interpreted as a premature declaration of victory on our price-stability mandate. Accomplishing our mission of returning to low and stable inflation at our 2 percent goal is necessary to foster a strong labor market and an economy that works for everyone in the longer term.
In light of these considerations, I believe that, by moving at a measured pace toward a more neutral policy stance, we will be better positioned to achieve further progress in bringing inflation down to our 2 percent target, while closely watching the evolution of labor market conditions.
The Path ForwardDespite my dissent at the recent FOMC meeting, I respect and appreciate that my FOMC colleagues preferred to begin the reduction in the federal funds rate with a larger initial cut in the target range for the policy rate. I remain committed to working together with my colleagues to ensure that monetary policy is appropriately positioned to achieve our goals of attaining maximum employment and returning inflation to our 2 percent target.
I will continue to monitor the incoming data and information as I assess the appropriate path of monetary policy, and I will remain cautious in my approach to adjusting the stance of policy going forward. It is important to note that monetary policy is not on a preset course. My colleagues and I will make our decisions at each FOMC meeting based on the incoming data and the implications for and risks to the outlook guided by the Fed’s dual-mandate goals of maximum employment and stable prices. We need to ensure that the public understands clearly how current and expected deviations of inflation and employment from our mandated goals inform our policy decisions.
By the time of our next meeting in November, we will have received updated reports on inflation, employment, and economic activity. We may also have a better understanding of how developments in longer-term interest rates and broader financial conditions might influence the economic outlook.
During the intermeeting period, I will continue to visit with a broad range of contacts to discuss economic conditions as I assess the appropriateness of our monetary policy stance. As I noted earlier, I continue to view inflation as a concern. In light of the upside risks that I just described, it remains necessary to pay close attention to the price-stability side of our mandate while being attentive to the risks of a material weakening in the labor market. My view continues to be that restoring price stability is essential for achieving maximum employment over the longer run. However, should the data evolve in a way that points to a material weakening in the labor market, I would support taking action and adjust monetary policy as needed while taking into account our inflation mandate.
Closing ThoughtsIn closing, thank you again for welcoming me here today. It is a pleasure to join you and to have the opportunity to discuss my views on the economy and monetary policy. And given the recent FOMC meeting decision and my dissent, I appreciate being able to provide a more detailed explanation of the reasoning that led me to dissent in favor of a smaller reduction in the policy rate at last week’s FOMC meeting.
I look forward to answering your questions and to engaging with your members on bank regulatory and supervisory matters.
1. The views expressed here are my own and not necessarily those of my colleagues on the Federal Open Market Committee or the Board of Governors. Return to text
Source: GlobeNewswire (MIL-OSI)
MALVERN, Pa., Sept. 24, 2024 (GLOBE NEWSWIRE) — YPrime, the leading pioneer in clinical trial technology, today announced its recognition as a Trailblazer in the Everest Group‘s Clinical Trial Patient Engagement Products Assessment. This prestigious acknowledgment underscores YPrime’s commitment to improving patient participation and engagement in clinical trials through innovative, experience-centric, and quality-driven technology.
“We are thrilled to be named a Trailblazer by the Everest Group,” said Jim Corrigan, CEO of YPrime. “This recognition shows that our hard work in transforming clinical trials is paying off. At YPrime, we have always considered ourselves trailblazers, constantly pushing the boundaries of what is possible in patient engagement and clinical trial technologies for all stakeholders in the ecosystem.”
“Patient engagement has become a critical component of clinical trials, increasingly recognized as a key factor to trial success by sponsors. As digital technology adoption in clinical trial gains momentum, patient-centric approaches are becoming the cornerstone for trial retention, data accuracy, and regulatory compliance. The future of clinical trials involves using technology to empower participation, improve adherence, and ultimately drive better trial outcomes,” says Nisarg Shah, Practice Director at Everest Group.” YPrime’s clinical trial technology platform offers patient engagement features across eConsent and eCOA, leveraging user-friendly design, personalization, and behavioral science to drive patient retention and adherence. Their focus on creating patient-centric and user-intuitive solutions for clinical trials has led to YPrime being recognized as a Trailblazer in the Clinical Trial Patient Engagement Trailblazer Assessment 2024.”
YPrime’s forward-thinking approach is rooted in its comprehensive strategy for advancing science and health through innovative eCOA, IRT, patient engagement, and eConsent solutions. The company improves patient retention by delivering personalized and intuitive experiences while consistently developing solutions that address the evolving needs of clinical trial participants, site personnel, and sponsors.
“Our technology isn’t just built on user-centric design principles – it’s driven by them,” said Mike Hughes, Chief Product Officer at YPrime, commenting on the company’s approach. “We’ve got a dedicated team that is focused on patient needs, including researchers who work directly with trial participants. This approach does not just enhance the patient experience; it revolutionizes trial efficiency and site productivity.”
YPrime demonstrates its commitment to patient-centric technology through recent innovations. The launch of eCOA 7.0, a no-code, configurable platform, accelerates study launches by 30% while supporting both complex and simple trials. The platform benefits patients, sites, and sponsors alike, with faster startup, high-quality data, and operational efficiencies. YPrime has also recently introduced patient-focused functionalities including the glucometer integration and the Tender Swollen Joint Count (TSJC) assessment. Developed with input from diabetes patients, the glucometer integration improves data quality and compliance; while the joint assessment supports sites with an intuitive body map for quick and accurate evaluations.
As a recognized Trailblazer, YPrime continues to solidify its position as a leader in clinical trial technology with its unique ability to improve patient participation and engagement. For more information on YPrime’s eCOA, IRT, eConsent, or Patient Engagement solutions, visit www.yprime.com.
About YPrime
At YPrime, we streamline the clinical trial journey with a configurable platform designed for speed, quality, and certainty. With 50% faster IRT startup times, 30% faster eCOA launch times, and quality standards 50% above the industry average, YPrime can help you solve for certainty. Discover how by visiting www.yprime.com or emailing marketing@yprime.com.
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Source: GlobeNewswire (MIL-OSI)
PALM BEACH, Fla., Sept. 24, 2024 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Abuse-deterrent transdermal technology can be used to prevent the misuse of drugs with abuse potential, such as fentanyl, by incorporating aversive agents into transdermal patches. Abuse-deterrent opioid formulations (ADFs) are designed to make it more difficult to abuse opioids by making them less attractive or rewarding, or by increasing the difficulty of manipulating them. ADFs can help reduce the risk of adverse effects associated with snorting or injecting opioids, and may also help prevent medication errors. Active companies in the industry include: Nutriband Inc. (NASDAQ: NTRB), Teva Pharmaceutical Industries Ltd. (NYSE: TEVA), Eli Lilly and Company (NYSE: LLY), Novartis AG (NYSE: NVS), Amneal Pharmaceuticals, Inc. (NASDAQ: AMRX).
Some benefits of ADFs include:
According to OXFORD Academic: “The misuse and abuse of prescription opioids constitute a growing public health problem, which is described in detail in The Burden of the Nonmedical Use of Prescription Opioid Analgesics. Recent efforts to decrease abuse of opioids through formulation engineering have focused on creating broader impediments to abuse, such as incorporating physical barriers, combining agonists with antagonists, including components that cause aversion, and formulating opioid prodrugs, with the goal of reducing abuse by oral and intranasal, as well as, routes. Several of these newer formulations are in late-stage clinical testing and, if approved, may reach the US market later this year. The true “abuse-resistance” or “abuse-deterrence” of these products will be established only when epidemiologic data on their impact confirming such effects are available.” As reported by the U.S. Food & Drug Administration: “The FDA is encouraging the development of prescription opioids with abuse-deterrent formulations (ADFs) to help combat the opioid crisis. The agency recognizes that abuse-deterrent opioids are not abuse- or addiction-proof but are a step toward products that may help reduce abuse.”
Nutriband Inc. (NASDAQ: NTRB) RECEIVES CHINA PATENT NOTICE OF ALLOWANCE FOR ITS AVERSA™ ABUSE DETERRENT TRANSDERMAL TECHNOLOGY
Nutriband Inc. (NASDAQ:NTRB) (NASDAQ:NTRBW), a company engaged in the development of prescription transdermal pharmaceutical products, today announced that it has received a Notice of Allowance from the Chinese National Intellectual Property Administration (CNIPA) for patent application entitled, “Abuse and Misuse Deterrent Transdermal Systems,” which protects its AVERSA™ abuse deterrent transdermal technology.
The Aversa™ abuse deterrent technology is now covered by a broad international intellectual property portfolio with patents issued in 46 countries including the United States, Europe, Japan, Korea, Russia, Mexico, Canada, Australia, and China.
Nutriband’s AVERSA™ abuse-deterrent technology incorporates aversive agents into transdermal patches to prevent the abuse, diversion, misuse, and accidental exposure of drugs with abuse potential including opioids and stimulants. The AVERSA™ abuse-deterrent technology has the potential to improve the safety profile of transdermal drugs susceptible to abuse while making sure that these drugs remain accessible to those patients who really need them.
Nutriband abuse-deterrent transdermal technology consists of a proprietary aversive agent coating that employs taste aversion to deter the oral abuse of and accidental exposure to transdermal opioid and stimulant patch products. Preliminary studies have shown that the coating is very difficult to scrape off and the technology has a patented immediate and extended-release profile which presents an additional layer of deterrence to prevent the aversive layer from easily being washed off in an attempt to separate the drug from the aversive agents.
Nutriband is currently working with its partner Kindeva Drug Delivery, a leading global contract development and manufacturing organization focused on drug-device combination products, to develop its lead product, AVERSA™ Fentanyl, which incorporates Nutriband’s AVERSA™ abuse-deterrent transdermal technology into Kindeva’s FDA-approved transdermal fentanyl patch system.
AVERSA Fentanyl has the potential to be the world’s first abuse-deterrent opioid patch designed to deter the abuse and misuse and reduce the risk of accidental exposure of transdermal fentanyl patches. AVERSA Fentanyl has the potential to reach peak annual US sales of $80 million to $200 million. (Health Advances Aversa Fentanyl market analysis report 2022). CONTINUED… Read this full press release and more news for NTRB at: https://www.financialnewsmedia.com/news-ntrb
Other recent developments in the industry of note include:
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) announced recently that a new analysis from the European cohort of the RIM-TD open-label extension (OLE) study revealed that deutetrabenazine treatment of patients with Tardive Dyskinesia (TD) was associated with long term improvement of TD symptoms. The improvement in symptoms was sustained throughout the three-year study, and deutetrabenazine was well tolerated. The data were presented at the European College of Neuropsychopharmacology (ECNP) annual congress in Milan.
TD is a stigmatising and debilitating involuntary movement disorder characterised by repetitive movements of the tongue, lower face, jaw, and limbs, which develops in around 15%-25% of patients receiving antipsychotic medications for conditions such as schizophrenia, bipolar disorder, and major depressive disorder.
As part of the Lilly 30×30 pipeline efforts, Eli Lilly and Company (NYSE: LLY) is collaborating with NIDA through a Screening Agreement to explore the potential of some early-phase therapies that might be repurposed for the treatment of opioid use disorder (OUD).
OUD is the chronic use of opioids that causes clinically significant distress or impairment. More than 9.5 million people over age 12 in the U.S. alone misused opioids in the past year. Opioid and other addictive disorders disproportionately affect people with limited resources. Nearly half of non-elderly adults with OUD in the United States have low incomes and almost a quarter live in poverty. Although there are three drugs approved by the U.S. Food and Drug Administration for the treatment of opioid dependence, misuse of opioids remains a significant public health concern, and there is a high unmet need to develop new and effective treatments for opioid and other addictive disorders.
Sandoz Inc., a Novartis AG (NYSE: NVS) division, and Pear Therapeutics, Inc., in 2019 announced the US commercial launch of reSET-O(TM) for patients with Opioid Use Disorder (OUD). reSET-O, cleared by the US Food and Drug Administration (FDA) in December, is immediately available.
The reSET-O prescription digital therapeutic (PDT) is a 12-week cognitive behavioral therapy intended to be used in addition to outpatient treatment. It includes transmucosal buprenorphine, a commonly used medication to treat opioid addiction, and contingency management designed to provide incentives to reinforce positive behaviors. reSET-O is available by prescription only for patients 18 years or older under the care of a clinician.
“The launch of reSET-O provides an important technology-based treatment option for patients with Opioid Use Disorder and may fundamentally change how they interact with their therapies,” said Richard Francis, CEO, Sandoz. “At Sandoz, we are proud and excited to push the frontiers of medical innovation.”
Amneal Pharmaceuticals, Inc. (NASDAQ: AMRX) earlier this year announced the availability of Over the Counter (“OTC”) Naloxone Hydrochloride (Naloxone HCI) Nasal Spray, USP, 4mg, following Abbreviated New Drug Application (“ANDA”) approval from the U.S. Food and Drug Administration (“FDA”). Amneal’s Naloxone HCI Nasal Spray, manufactured in the U.S., is a generic equivalent to OTC NARCAN® HCI Nasal Spray, a medication that is widely used to help treat drug overdose from opioids, including heroin, fentanyl and prescription opioid medications.
“With today’s launch, Amneal is proud to help address this public health emergency by providing naloxone nasal spray at an affordable price and without a prescription. Our business is deeply rooted in a commitment to helping others. By enhancing access to naloxone nasal spray, we hope to get this affordable emergency treatment into the hands of even more people who could potentially save countless families and communities from further heartache and loss,” said Chirag and Chintu Patel, Co-Chief Executive Officers.
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Source: The Conversation – USA – By Wasim Ahmad, Assistant Teaching Professor of Journalism, Quinnipiac University
Taking photographs used to be a careful, conscious act. Photos were selective, frozen moments in time carefully archived in albums and frames. Now, taking a photograph is almost as effortless and common as breathing – it’s something that people do all the time in the age of smartphone cameras with seemingly endless digital film.
But the downside to capturing every moment is that it creates a mountain of those moments to save for the future. Those photos can be easily lost if they’re not archived properly. All it can take is one accidental dip in the toilet for your phone, and all that data is lost forever.
So what’s a practical backup strategy for the average person? Here are a few ways to make sure memories are never lost:
The simplest way to archive your photos is cloud storage. For Apple users, there’s iCloud, which starts at US$0.99 per month for 50 gigabytes all the way to $59.99 per month for 12 terabytes with various tiers in between. With an average iPhone photo clocking in at 3 megabytes, that’s a little over 16,000 photos for the cheap plan and 4 million or so for the largest plan. Google’s Google One cloud storage is most cost effective for yearly plans, with 2TB going for $99.99 per year and 5TB going for $249.99 per year.
The actual amount you can store in that space does vary greatly with how a file is shot. Video has larger file sizes than photos. HEIF files, a newer format on Apple phones, compresses files into smaller packages, but long-term compatibility is unknown since the format hasn’t been in use for as long as the standard JPG file, which has been around since 1992.
While cloud services from big providers generally provide the easiest way for most average folks to back up their photos, and operate with little to no intervention via apps that are already on the phone constantly uploading every photo taken, there are risks involved.
Big companies often change their policies about how photos are saved. For instance, depending on what phone and when it was bought, Google’s cloud storage may have saved photos in a “storage saver” format that lowers the quality of images by sizing them down or compressing them differently. This affects your ability to make high-quality prints or view the photos on high-resolution screens down the road. Unless someone is astute enough to notice small text here and there that mentions it, most users won’t even realize it’s happening.
And what happens to cloud services when things go badly wrong? Users of photo backup service Digital Railroad found out the hard way. In 2008, the company abruptly shut down and gave its users 24 hours to download everything before the servers were shut down. Photographers rushed for the exits, trying to grab their photos on the way out, only to strain the servers to the point where few were able to recover anything at all. If this was the only way photos were backed up, it’s a lost cause.
So while the cloud is easy, costs can add up and terms of service can change at a moment’s notice. What are some ways for photographers to control their own fate?
Manually taking photos off a phone may take some extra time, but the approach offers peace of mind that cloud services can’t necessarily match.
Almost all phones can plug into a computer’s USB port and use the built-in photos app on both Windows or MacOS to download photos to a computer. Apple users can use a method called AirDrop to send photos wirelessly to other Apple devices as well, including laptop and desktop computers.
Now loading photos onto a local hard drive built into the machine can fill it up quickly, but there is a cost-effective way to get around that – namely, external hard drives. Theses are storage devices that you can plug into your computer as needed. They can be of the older and less expensive type with spinning platters or more modern solid-state drives that can survive a drop and greater temperature changes than the older drives can.
These are different than flash drives, more commonly known as thumb drives because of their small size, that are designed as temporary storage to shuffle photos from one place to another.
It’s easy to buy more than one hard drive to have duplicate backups in case of failure or catastrophe, but the downside is that there’s no easy access from the internet to your photos, and backup is generally a process that users must remember to do.
Network-attached storage is one way to solve the cloud storage problem while retaining the ability to access photos from the internet. These are essentially hard drives – sometimes multiple hard drives linked together for even greater or faster storage – that are connected to a router that allows for access to the internet through specialized software.
While not as easy as most third-party cloud storage services, once it’s set up, a network-attached storage unit is a flexible way to store your photos safely and accessibly. There are even companies that specialize in fireproof and waterproof units for extra insurance in case of disaster.
If cloud storage and hard drives seem too complicated, there’s always the old-fashioned approach of printing. There’s still something magical about seeing a photo on a wall or in an album, and thankfully there are ways to print professional-quality archival prints without having to go to a drugstore.
The easiest and most cost-efficient types of printers are dedicated 4×6 printers using a technology similar to professional labs called dye-sublimation. These yield high-quality, waterproof prints that cost about the same as what one would pay for drugstore developing. HP makes its popular Sprocket line of printers, though those require a phone and an app to print from, which makes plugging in a memory card from a professional camera out of the question. However, Canon’s Selphy lineup includes many models with screens and a card slot to make that possible.
The rabbit hole goes very deep, and there are many professional printers that can print even larger sizes. Canon and Epson dominate this space, marketing a range of pigment- and dye-based printers that can emphasize archival needs or color saturation, respectively.
Another option is ordering a photo book, which, as the name suggests, is a physical bound book of your photos. However, photo books are probably more appropriate for memorializing an event – trip, wedding, project – than general archiving, given the typical costs and number of photos involved.
There’s little reason to not make some sort of backups of photos in 2024, whether that’s on printed media, hard drives or in the cloud. The important thing is not which method to use, but to do it at all.
Wasim Ahmad does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
– ref. How to archive your photos in the digital age – https://theconversation.com/how-to-archive-your-photos-in-the-digital-age-239175
Source: The Conversation – Africa – By Mike Muller, Visiting Adjunct Professor, School of Governance, University of the Witwatersrand
A new round of angry exchanges has broken out between Egypt and Ethiopia over the Grand Ethiopian Renaissance Dam (GERD).
On September 1, Cairo wrote to the UN security council to protest against Ethiopia’s continued filling of Africa’s second largest reservoir and bringing two more power generating turbines into operation. Egypt sees any new infrastructure development on the Nile as a potential threat, since the river is the source of over 98% of the country’s water.
Egypt calls this a violation of international law and Ethiopia’s obligations to “prevent significant harm”. Ethiopia’s policies, it says,
could result in an existential threat to Egypt … and would consequently jeopardise regional and international peace and security.
Ethiopia has told Egypt to “abandon its aggressive approach” towards the dam. Ethiopia says that it must allow the Blue Nile’s water to flow through the dam’s turbines and on to Egypt to generate the hydropower for which it has been built, thus guaranteeing the overall flow to Egypt.
I have tracked the Nile disputes since the 1970s, first as a development journalist, then as a civil engineer and senior public servant. More recently, my research on water and regional integration for regional development agencies has provided further insights. My 2021 study considered the lessons to be learnt for today’s water challenges from centuries of the use and management of Nile waters.
Read more:
Innovations on the Nile over millennia offer lessons in engineering sustainable futures
Ongoing tension between Egypt and Ethiopia over control of the Nile River has a long history. Therefore, in one sense, the row between Egypt and Ethiopia is nothing new.
The countries went to war as far back as 1874, even as they both were also battling European colonialism. Ethiopia won the war of 1874 and, 20 years later, beat back Italy’s attempt to colonise it, at the battle of Adwa.
However, Egypt gained long term advantage from treaties negotiated by the British, which gave Cairo almost total control over the Nile. Egypt is still asserting the rights and privileges conferred by those colonial era treaties even though they are being challenged by other Nile countries. In my view, this is because Egyptians are still trapped by their past fears. As Norwegian professor Torje Tvedt has explained, these fears were deliberately entrenched by past colonial authorities.
With these perspectives, my view is that the current controversy over the Ethiopian dam still reflects historical conflicts rather than a careful analysis of present challenges.
Now 90% complete, the Grand Ethiopian Renaissance Dam has begun to generate electricity. A series of good rainy seasons have allowed the reservoir to start filling rapidly without affecting Egypt’s water availability.
The Grand Ethiopian Renaissance Dam offers not just cheap green electricity for Ethiopia and the sub-region as well as reliable irrigation supplies and flood control for Sudan. Once filled, its storage could offer supply security and increase the amount of water available for Egypt as well.
What, then, are the issues that have prompted Egypt’s recent protests and what are the possible solutions to the problems raised?
The immediate technical challenge is to continue filling the dam without disrupting flows to Sudan and Egypt. The filling process might have to be interrupted if there is a regional drought. So recent developments, notably the greater focus on the rate at which the dam will be filled rather than the legality of its construction, suggest that there is a shift in positions which neither side is yet willing to acknowledge publicly.
This shift will be supported when other future-focused issues are raised. For instance, there must be negotiations about the supply of electricity to support Sudan’s irrigation expansion, although this is on hold due to the war in Sudan. In the longer term, Egypt, Sudan and Ethiopia could cooperate to use the GERD’s storage to help Egypt to manage its Aswan High Dam more efficiently. Aswan currently suffers very high evaporation losses, which could be reduced if its reservoir levels were better controlled. The GERD could help to do this.
Unfortunately, the history of colonial Britain repeatedly threatening to cut Egypt’s Nile water supplies has been deeply imprinted in Egyptian public consciousness. It is understandable that Egyptians still fear a similar threat from Ethiopia. The responsibility now falls on Ethiopia to show good faith in its operation of the dam and to work with Egypt to change the combative discourse.
Egypt’s repeated complaints have alerted Ethiopia and international organisations of the need to act carefully. If there is another regional drought, Ethiopia will need to slow the rate at which it completes filling its dam. Informal liaison structures are monitoring the situation and such a response would help to build a more constructive engagement with Egypt.
Water is a patient teacher. Every season provides an opportunity for those who live with its natural cycles to understand it better. The hope is that, if the three countries experience the benefits of some seasons of the dam’s operation, the natural cycle will reveal the potential for cooperation and mitigate the conflict.
Read more:
Sudan’s catastrophe: farmers could offer quick post-war recovery, if peace is found
When peace returns to Sudan, the Grand Ethiopian Renaissance Dam will enable a vast expansion of irrigation to develop its role as a regional breadbasket. The dam will also help to manage Nile floods which regularly cause death and destruction, even to Sudan’s capital, Khartoum.
Efforts to promote cooperation between the East African countries that share the White Nile have been relatively successful. However, such cooperation on the Blue Nile will need much greater trust between the parties. To achieve this trust, the countries and their people will have to overcome centuries of cultural and political preconceptions. This will require much patient work and interaction, which is not easy in the current climate.
Mike Muller has received funding from the African Development Bank and South Africa’s Water Research Comission for work on regional cooperation in water resource management. He has been a member of the Global Water Partnership’s Technical Committee, chaired the World Economic Forum’s Global Agenda Council on Water and been funded by the World Bank’s Cooperation in International Waters (CIWA) programme for contributions to the Nile Basin Initiative. He was also funded by UNESCO to attend a conference in Khartoum, organised with Sudan’s Ministry of Water Resources Irrigation and Electricity, on integrated and sustainable water management.
– ref. Egypt’s fears about Ethiopia’s mega-dam haven’t come to pass: moving on from historical concerns would benefit the whole region – https://theconversation.com/egypts-fears-about-ethiopias-mega-dam-havent-come-to-pass-moving-on-from-historical-concerns-would-benefit-the-whole-region-239418
Source: People’s Republic of China – State Council News
GUANGZHOU, Sept. 24 — The first batch of plant products exported from the Chinese mainland to Macao was declared with digital customs clearance on Monday by the Gongbei Customs in Zhuhai, a city in south China’s Guangdong Province, which borders Macao Special Administrative Region (SAR).
From Monday, all exports of plant products via Gongbei Customs started to undergo paperless customs clearance of inspection and quarantine certificates after the customs inked a cooperation agreement with the Macao SAR government on animal and plant quarantine and food safety.
“In the past, we had to spend hours in the customs office for the declaration of the paper certificates of the goods. With digital management, the time was greatly shortened,” said Lin Genrui, the exporter of the plant products.
He said his company is a long-term supplier of flower and seedling products to Macao.
In the first eight months of this year, customs handled 952 batches of flower and seedling exports to Macao worth 14.88 million yuan (about 2.1 million U.S. dollars).
Chen Weiqi, an official of the Gongbei Customs, said that customs had strengthened communication and cooperation with the Macao SAR government for mutual authentication of customs declaration certificates to jointly ensure safety, promote cross-border trade facilitation, and enhance the market integration in the Guangdong-Hong Kong-Macao Greater Bay Area.
All plant products declared for export through customs are recognized through information sharing between the Chinese mainland and Macao, said Chen, adding that customs would continue to expand the types of export goods to be covered by the paperless customs clearance.
Source: Securities and Exchange Commission
One additional firm will not pay a penalty because it self-reported, self-policed, and demonstrated substantial efforts at compliance
The Securities and Exchange Commission today announced charges against 12 firms, comprising broker-dealers, investment advisers, and one dually-registered broker-dealer and investment adviser, for widespread and longstanding failures by the firms and their personnel to maintain and preserve electronic communications in violation of recordkeeping provisions of the federal securities laws.
The firms admitted the facts set forth in their respective SEC orders, acknowledged their conduct violated recordkeeping provisions of the federal securities laws, agreed to pay combined civil penalties of $88,225,000 as outlined below, and have begun implementing improvements to their compliance policies and procedures to address these violations. The firms are as follows:
“Today’s enforcement actions reflect the range of remedies that parties may face for violating the recordkeeping requirements of the federal securities laws. Widespread and longstanding failures, including where those failures potentially hinder the Commission’s investor protection function by compromising a firm’s response to SEC subpoenas, may result in robust civil penalties,” said Gurbir S. Grewal, Director of the SEC’s Division of Enforcement. “On the other hand, firms that self-report and otherwise cooperate with the SEC’s investigations may receive significantly reduced penalties. Here, despite recordkeeping failures that involved communications by senior leadership and persisted after our first recordkeeping matters were announced in 2021, Qatalyst took substantial steps to comply, self-reported, and remediated and, therefore, received a no-penalty resolution.”
The SEC’s investigations into all the firms except for Qatalyst uncovered pervasive and longstanding use of unapproved communication methods, known as off-channel communications, at these firms. As described in the SEC’s orders, the firms admitted that during the periods relevant to each order, their personnel sent and received off-channel communications that were records required to be maintained under securities laws. The failure to maintain and preserve required records deprives the SEC of these communications in our investigations. The failures involved personnel at multiple levels of authority, including supervisors and senior managers.
In contrast, in response to the Commission’s recent off-channel enforcement actions, Qatalyst conducted an internal investigation and uncovered that Qatalyst personnel at various levels of authority sent and received off-channel communications, which Qatalyst did not maintain or preserve, that related to its broker-dealer business. Qatalyst will not pay a penalty because it self-reported its recordkeeping violations, cooperated with the staff’s investigation, and demonstrated substantial efforts at compliance with the recordkeeping requirements. Two additional firms, Canaccord and Regions, also self-reported their violations and, as a result, will pay significantly lower civil penalties than they would have otherwise.
The firms were each charged with violating certain recordkeeping provisions of the Securities Exchange Act or the Investment Advisers Act or both. In addition, all but one of the firms failed to reasonably supervise their personnel with a view to preventing and detecting those violations. The SEC’s order against Focused Wealth also found that the firm failed to adopt and implement policies and procedures reasonably designed to prevent the firm and its supervised persons from violating recordkeeping requirements.
Each of the firms was ordered to cease and desist from future violations of the relevant recordkeeping provisions and was censured. Ten of the firms also agreed to retain compliance consultants to, among other things, conduct comprehensive reviews of their policies and procedures relating to the retention of electronic communications found on personal devices and their respective frameworks for addressing non-compliance by their personnel with those policies and procedures.
Separately, the Commodity Futures Trading Commission announced a settlement with Canadian Imperial Bank of Commerce for related conduct.
The SEC’s investigations into Stifel, CIBC, Intesa, Canaccord, Alpaca, and Qatalyst were conducted by Laurel S. Fensterstock, Karolina Klyuchnikova, Austin Thompson, and Alison R. Levine. The SEC’s investigation into Focused Wealth was conducted by Bennett Ellenbogen and Michael Paley. Each of these matters was supervised by Thomas P. Smith, Jr. of the New York Regional Office. The SEC’s investigation into Invesco was conducted by Melanie Good, Craig Welter, and Nikolay Vydashenko, and supervised by Corey Schuster of the Enforcement Division’s Asset Management Unit. The SEC’s investigation into Glazer was conducted by Anne Hancock, Samantha Martin, and Christopher Rogers, and supervised by B. David Fraser of the Fort Worth Regional Office. The investigation into Regions was conducted by Katie D. Krysan and Amy S. Cotter, and supervised by Paul A. Montoya of the Chicago Regional Office.
Source: US Federal Emergency Management Agency
Headline: Jefferson Parish Eligible for FEMA Assistance
Jefferson Parish Eligible for FEMA Assistance
BATON ROUGE, La. – Homeowners and renters in Jefferson Parish are now eligible for FEMA assistance to help them recover from Hurricane Francine.
Jefferson Parish joins Ascension, Assumption, Lafourche, St. Charles, St. James, St. John the Baptist, St. Mary and Terrebonne parishes, which were previously approved for Individual Assistance.
Assistance for eligible survivors can help with serious needs, displacement, temporary lodging, basic home repair costs, personal property loss or other disaster-caused needs. Also, low-interest disaster loans from the U. S. Small Business Administration (SBA) are available for businesses of all sizes (including landlords), private nonprofits, homeowners and renters.
How to Apply to FEMA
Homeowners and renters in Jefferson Parish and other designated parishes can apply several ways:
View an accessible video about how to apply at Three Ways to Register for FEMA Disaster Assistance – YouTube.
Parishes Eligible for Public Assistance
Ascension, Assumption, Lafourche, St. Charles, St. Mary and Terrebonne parishes are now eligible for permanent work (Categories C-G); these parishes were previously designated for Individual Assistance and assistance for debris removal and emergency protective measures (Categories A and B), including direct federal assistance, under the Public Assistance program.
East Baton Rouge, East Feliciana, Livingston, Orleans, Plaquemines, St. Helena, St. Martin, St. Tammany, Washington and West Feliciana parishes are now eligible for Public Assistance Categories A-G.
Visit fema.gov/assistance/public/process to learn more about FEMA’s Public Assistance program including eligibility and the categories of work.
For the latest information visit fema.gov/4817. Follow FEMA Region 6 on social media at x.com/FEMARegion6 and at facebook.com/femaregion6/.
alexa.brown
Source: GlobeNewswire (MIL-OSI)
NEW YORK, Sept. 24, 2024 (GLOBE NEWSWIRE) — Traliant, a leader in online compliance training, is proud to unveil its latest Code of Conduct training solutions, uniquely designed to bring a company’s ethical policies to life to build a culture of integrity where employees don’t just follow the rules — they live by them.
Traliant’s Code of Conduct training is powerful in its flexibility to be tailored to the unique needs of any organization. With customizable content, businesses can incorporate their specific policies and real-world scenarios, making the training not only more relevant but also more engaging for employees. By understanding ethical challenges they might face, employees gain confidence and clarity to make informed decisions that align with their company’s values. This immersive approach helps reduce ethical risks and drives a stronger, more accountable workplace culture.
“HR and compliance professionals know that fostering an ethical workplace isn’t just about checking a compliance box,” said Michael Johnson, Chief Strategy Officer at Traliant. “It’s about giving employees the tools to understand and internalize the company’s code, so they feel empowered to make the right decisions every day. Our new training fuels that mission, turning ethics into something actionable and meaningful.”
For federal contractors, Traliant’s Code of Conduct FAR training covers essential Federal Acquisition Regulations principles that must be addressed within their code of business ethics and conduct. Again, Traliant’s flexible course design allows companies to quickly and easily customize content to make it more relatable for enhanced learning and retention.
Supported by an in-house team of legal experts, Traliant training is accurate and up to date to ensure businesses meet today’s workplace challenges and compliance requirements. To learn more about Traliant, visit: https://www.traliant.com/.
About Traliant
Traliant combines in-house legal expertise with modern, emotionally engaging course design to redefine compliance, training experiences and services. It helps thousands of organizations create a culture of ethics, inclusion and safety by addressing dozens of critical topics including sexual harassment training, DEI training and code of conduct training. Traliant’s innovative and interactive approach to learning can be easily customized into affordable and cost-effective solutions for clients to address their industry, branding, policies, risks and job-specific needs. Backed by PSG, a leading growth equity firm, Traliant is ranked on Inc.’s 2021, 2022, 2023 and 2024 lists of 5000 fastest-growing private companies in America and named to Inc.’s 2023 list of Best Workplaces. For more information, visit http://www.traliant.com and follow us on LinkedIn.
Contact
Reagan Bennet
traliant@v2comms.com
Source: GlobeNewswire (MIL-OSI)
SAN DIEGO, Sept. 24, 2024 (GLOBE NEWSWIRE) — LPL Financial LLC, announced today that financial advisors Ken Hutkin and Ron Winkler have joined LPL’s employee advisor channel, Linsco by LPL Financial, to launch 57th Street Wealth Advisors. They reported serving approximately $400 million in advisory, brokerage and retirement plan assets* and join LPL from Wedbush Securities. They will operate the first Linsco office in New York City.
Hutkin brings more than 30 years of experience as a business owner and entrepreneur to the partnership. He prides himself on understanding the unique challenges faced by professionals and business owners, which gives him the ability to design custom-tailored strategies and financial plans. Winkler has spent nearly 40 years of his career as the founder and managing partner of Winkler & Co. CPAs, a tax and financial planning firm. Like Hutkin, Winkler’s passion for business and entrepreneurship drove his successful small business and ability to find approaches to even the toughest of clients’ financial challenges.
Together, the advisors aim to guide their clients through every step of their financial lives through attentive, personalized service and clear actionable plans. The 57th team also includes licensed Client Services Associate Margarita “Margie” Santiago and wealth associates Nathan Wild and Noah Hutkin.
“What makes our team distinctive and brings us the most pride is our commitment to both the execution of strategies and our service model,” Winkler said. “We are a process-driven, holistic multi-generational financial planning and asset management team, and we strive to offer exceptional service as we deliver tax-sensitive investment strategies and comprehensive wealth management.”
Looking to operate with greater autonomy while also evolving their practice, 57th Street Wealth Advisors turned to Linsco by LPL Financial.
The Linsco employee advisor model serves financial advisors seeking the core tenets of independence, including owning their client relationships and having the flexibility to run their practice on their own terms. With Linsco, advisors have access to LPL’s integrated wealth management platform and robust business resources, along with the additional benefits of having support from an experienced branch management team and other dedicated consultants.
“We are truly setting up our practice for the future — both for our clients and legacy,” Hutkin said. “LPL is a recognized name in the industry with flexibility, scale and continued investment in resources, which can help us grow our team and ensure business continuity in the years to come. We are also excited for clients to have a successful and streamlined experience with LPL. We look forward to all the new opportunities ahead.”
Scott Posner, LPL Executive Vice President, Business Development, said, “We welcome Ken, Ron and the entire 57th Street Wealth Advisors team to the LPL community. Through Linsco, advisors are empowered and have greater autonomy and flexibility to grow their practice on their terms. LPL’s integrated wealth management platform, robust business resources and support from our experienced branch management team and dedicated consultants can help them take their successful businesses to the next level. We look forward to supporting the 57th Street Wealth Advisors team as they continue to grow and serve their clients.”
Related
Advisors, learn how LPL Financial can help take your business to the next level.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the principle that LPL should work for advisors and institutions, and not the other way around. Today, LPL is a leader in the markets we serve, serving more than 23,000 financial advisors, including advisors at approximately 1,000 institutions and at approximately 580 registered investment advisor firms nationwide. We are steadfast in our commitment to the advisor-mediated model and the belief that Americans deserve access to personalized guidance from a financial professional. At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.
Securities and Advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor. Member FINRA/SIPC. LPL Financial and its affiliated companies provide financial services only from the United States.
Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
LPL Financial does not offer tax advice or tax preparation services.
We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.
*Value approximated based on asset and holding details provided to LPL from end of year, 2023.
Media Contact:
Media.relations@LPLFinancial.com
(704) 996-1840
Tracking #631234
Source: Securities and Exchange Commission
Over the last several years, off-channel communications cases have become more prevalent on the Commission’s enforcement docket. We have struggled with these cases. While we supported many of them initially, it was not without deep reservations. Recently, we have objected to the penalties and undertakings in most of these cases. Today’s case against Qatalyst Partners LP[1] illustrates and confirms the reason for our reservations: it does not appear that firms have an achievable path to compliance. Accordingly, we voted no on Qatalyst Partners LP, and urge our colleagues to reconsider our current approach to the off-channel communications issue.
Recordkeeping by regulated entities is important. The Commission needs to be able to enforce its rules. To do that, it needs access to records about firms’ activities. Firms that are serious about complying with our rules also need access to records about their business activities. If business is being conducted using communications means that are outside of the reach of firm compliance personnel and Commission staff, both will be hampered in their ability to foster compliance with the rules. The off-channel communications cases arise from a legitimate concern that the compliance efforts both of firm compliance personnel and of Commission staff are impeded by improper recordkeeping practices. As the Commission’s Order in the first of these cases stated:
The federal securities laws impose recordkeeping requirements on broker-dealers to ensure that they responsibly discharge their crucial role in our markets. The Commission has long said that compliance with these requirements is essential to investor protection and the Commission’s efforts to further its mandate of protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation.
[2]
That first case involved a “widespread failure to implement” recordkeeping policies that “was not hidden within the firm,” “was firm-wide, and involved employees at all levels of authority,” and “impacted the Commission’s ability to carry out its regulatory functions and investigate potential violations of the federal securities laws across these investigations.”
Many other cases have followed. The use of off-channel communications—text messages, smartphone chat applications like WhatsApp, and personal email outside firm-approved systems—is prevalent across the securities industry. We have an industry-wide problem that we will not solve through enforcement.
Today’s action against Qatalyst illustrates why we cannot enforce our way to compliance. Under the standard applied in this case, even well-intentioned firms could find themselves in the Commission’s enforcement queue time and again. Qatalyst has been working to address the off-channel issue for at least sixteen years. The Commission’s Order outlines some of the firm’s efforts:
As early as 2008, Qatalyst personnel were advised that the use of unapproved electronic communications methods, including on their personal devices, was not permitted, and they should not use personal email, chats or text messaging applications for business purposes, or forward work-related communications to unapproved applications on their personal devices. Qatalyst reinforced its policies at least annually with regular, mandatory training and reinforcement from compliance and senior management. Qatalyst personnel were specifically advised not to list personal phone numbers in email signatures.
Then, “beginning in March 2017, Qatalyst provided its personnel with a compliant text-messaging process that could retain business communications” and “instructed its personnel to use only this process to communicate about Qatalyst’s broker-dealer business by text message.” “Beginning in 2020, Qatalyst required all personnel to have a firm-issued device on which to conduct Qatalyst business, and encouraged personnel to use firm-issued devices when communicating with both business and personal contacts.” Further updates to capture Slack and LinkedIn messages came in 2020 and 2022. Qatalyst trained its employees, monitored communications sent through firm-approved communication methods, and disciplined employees who violated the firm’s policies. Even with all that, Qatalyst violated the recordkeeping requirements: “Qatalyst collected data from a sampling of broker-dealer personnel and found that . . . several broker-dealer personnel, including at senior levels, had engaged in off-channel communications that concerned the broker-dealer’s business as such.” At the end of the day, despite Qatalyst’s compliance efforts, the Commission’s order states that:
Qatalyst . . . failed to implement a system reasonably expected to determine whether all personnel, including supervisors, were following Qatalyst’s policies and procedures. While permitting personnel to use approved communications methods, including on personal phones, for business communications, Qatalyst failed to implement sufficient monitoring to ensure that its recordkeeping and communications policies and procedures were always being followed.” (Emphasis added.)
This statement sounds to us like one that equates reasonableness with perfection. If we assess reasonableness based on whether policies and procedures always are being followed, firms will never escape our enforcement net. People are not perfect and so compliance will not be perfect—even at a firm that tries as hard as Qatalyst. Firing up our enforcement machinery every couple years to haul the industry in for headline-making penalties will not make people perfect, so firms will continue to discover violations of firm policies. We cannot enforce to perfection, but there is a way to achieve better compliance.
This case should serve as a catalyst for the Commission. We need to work with the industry and other interested members of the public to develop a pragmatic and privacy-respecting approach that enables firms and the Commission to have the records they need for compliance, examination, and enforcement at a reasonable cost in both financial and privacy terms. As we have this conversation, we ought to bear several points in mind:
The issues laid out above are only a few of the many that deserve discussion outside of the enforcement context. We look forward to working with our colleagues at the Commission and interested members of the public on a more productive path forward.
[3] See, e.g., Exchange Act Rule 15Ba1-8, 17 C.F.R. § 240.15Ba1-8 (recordkeeping requirements for municipal advisers); Exchange Act Rule 17a-4, 17 C.F.R. § 240.17a-4 (recordkeeping requirements for exchanges, brokers, and dealers); Exchange Act Rule 17g-2, 17 C.F.R. § 240.17g-2 (recordkeeping requirements for nationally recognized statistical rating organizations); Investment Advisers Act Rule 204-2, 17 C.F.R. § 275.204-2 (recordkeeping requirements for investment advisers); Investment Company Act Rule 31a-1 through 4, 17 C.F.R. § 270.31a-1 through 4 (recordkeeping requirements for certain investment companies).
Source: GlobeNewswire (MIL-OSI)
CAMDEN, N.J., Sept. 24, 2024 (GLOBE NEWSWIRE) — Conner Strong & Buckelew, a leading insurance, risk management and employee benefits brokerage and consulting firm, is pleased to announce that President and Chief Executive Officer, Mike Tiagwad has been named one of Philadelphia Business Journal’s 2024 Most Admired CEOs. This honor is awarded to leaders in the region who have demonstrated exceptional business vision and organizational effectiveness while also making a positive impact in the community.
Under Mike’s visionary leadership Conner Strong & Buckelew has grown from a successful regional firm to one of the largest, most admired brokerage and employee benefits consulting firms in the country serving clients nationwide and abroad.
“The organization’s sustained success since Mike joined the firm in 2005 is a testament to the service-oriented structure and consultative approach he has created. He has elevated our ability to do more for our clients by spearheading investments in key areas like safety, risk management, data analytics, pharmacy services and claims advocacy,” said John Muscella, Executive Partner, Chief Financial Officer at Conner Strong & Buckelew. “By creating a client-centric business model focused on partnering with clients to ensure the best possible results, Mike has been instrumental in our ability to achieve a client retention rate near 99% and a Net Promoter Score among the highest in the industry.”
Creating Careers and a Unique Culture
Along with his team, Mike’s leadership has fostered a unique corporate culture of employee respect and empowerment that prioritizes professional development and mentoring and also promoting from within. A big believer in nurturing young talent, under Mike’s leadership, the organization has also built a nationally recognized internship program that has created a continual pipeline of talent to enter the insurance industry.
“Mike’s passion for attracting young people to the business and setting the stage for all employees to build lifelong careers here is reflected in our numbers. Today, 36 Conner Strong & Buckelew employees who started as interns are full time employees, including five who are partners. We have an impressive 97% employee retention rate and 69 employees that have been with the company for over 20 years,” commented Alexis Wolfson, Senior Partner, Chief Human Resources Officer at Conner Strong & Buckelew. “With Mike’s support we have also been able to build a long-term Diversity, Equity, Inclusion and Accessibility (DEIA) strategy that shatters DEIA program stereotypes and aligns with the company’s business objectives.”
Philanthropic Work
Beyond encouraging a company culture of giving that has translated to thousands of volunteer hours and donations to hundreds of worthy organizations, Mike has been a personal champion of helping individuals and families struggling with addiction. He created the annual Deb Tiagwad Memorial Golf Outing with all proceeds going to support Caron Treatment Centers, a nonprofit, comprehensive addiction treatment and behavioral health organization. To date, the event has raised over $1 million to provide scholarships for individuals to participate in a year-long, post-treatment recovery program.
When asked about being named one of the most admired CEOs, Mike said, “It is quite an honor, but the recognition goes to my colleagues at Conner Strong & Buckelew. Together as a team, we have achieved great success and that is a credit to all our employees.”
From his business acumen to his approach to corporate culture to his charitable endeavors, Mike Tiagwad is certainly a leader to be admired. We congratulate him along with all of the Philadelphia Business Journal’s 2024 Most Admired CEO Honorees.
About Conner Strong & Buckelew
Founded in 1959, Conner Strong & Buckelew is a privately held firm headquartered in Camden, NJ. An industry leader in providing complex businesses with comprehensive consulting and brokerage solutions for commercial insurance and employee benefits, we have unique resources and expertise in a variety of areas, including captive and alternative risk solutions, owner and contractor-controlled insurance programs, risk control services, claims advocacy and consulting, population health, data analytics, benefit consortiums and technology-driven solutions.
Since 2021 we have been an autonomously operated member of BroadStreet Partners, an insurance brokerage holding company that invests in high-performing independent agencies using a unique co-ownership business model. Collectively with BroadStreet Partners, we are among the 15 largest insurance brokerage, risk management and employee benefits consulting firms in the United States, serving clients throughout North America and abroad.
Conner Strong & Buckelew, National Headquarters, TRIAD1828 CENTRE, 2 Cooper Street, Camden, NJ 08102
For more information, visit www.connerstrong.com or follow us on LinkedIn (@ConnerStrong&Buckelew), Facebook (@connerstrongbuckelew) and Instagram (@connerstrongbuckelew)
Media Contact
ALEX DALGLIESH
adalgliesh@gobraithwaite.com
Source: GlobeNewswire (MIL-OSI)
PALO ALTO, Calif., Sept. 24, 2024 (GLOBE NEWSWIRE) — Peter Atkin had just finished a phone call with a recruiter from Mashgin, creator and developer of transformative computer vision technologies, when he first encountered a Mashgin checkout kiosk himself at a concert in Las Vegas.
“Using the Mashgin kiosk was amazing,” Atkin said. “I just put my snack and drink on the tray, and it instantly recognized everything and accepted my payment in seconds. I was quickly back in my seat, which is where I wanted to be.”
The timing of the phone call was fortuitous for Atkin.
“My wife says waiting in line is my least favorite thing in the world,” he said. “But working with technologies with a visible, real-world impact is one of my favorite things. I knew I had to talk with Mashgin again.”
Mashgin today announced the arrival of two new executives to drive and support the company’s rapid growth. In addition to Atkin, who joined as Chief Revenue Officer, Eric Meyerson has signed on as Vice President of Marketing. Both bring extensive technology leadership experience to scale Mashgin’s business across key markets.
Customers are using Mashgin’s computer-vision checkout kiosks in more than 4,000 locations where minimizing wait time is crucial, including airports, convenience stores, universities, and more than 110 major sports stadiums. Mashgin’s solution reduces transaction times by 55%-78%, eliminating lines even during rush periods.
Atkin brings a track record of building high-performing teams and driving revenue growth from Samsara, the leader in physical operations technology, and Cisco Meraki, a top developer of enterprise networking technologies. Atkin helped extend their technologies to thousands of customers, and billions in sales. His expertise will help expand Mashgin’s reach and deepen relationships with key partners across the retail, hospitality, and entertainment industries.
“The Mashgin team has built a product that feels like magic to customers,” Atkin said. “I’m excited to help shape the next phase of growth as we expand the benefits of our technology to more people.”
For Meyerson, his interest in speeding up checkouts came at a 2021 playoff game between his hometown San Francisco Giants and the Los Angeles Dodgers. Although the teams were rivals for a century, they had never faced each other in the postseason.
“I missed most of a pivotal inning just trying to buy burgers and drinks for my kid and me,” Meyerson said. “The stadium had hired more temporary workers for the sold-out game, but that meant nobody knew what they were doing. Each transaction took several minutes to complete, and the fans were all agitated and frustrated. One of them almost took a swing at another. Nobody had come to this playoff game just to stand around on the concourse.”
He was at a different ballpark, T-Mobile Park in Seattle, this summer when he first experienced a Mashgin kiosk, purchasing a bag of peanuts and a beer in seconds. He was sold, too. Soon thereafter, he signed on to lead the marketing function for the company.
Meyerson brings recent hardware marketing experience, leading the team at Turntide Technologies, a developer of climate tech technologies for vehicles and buildings. His previous wins include launching video advertising at YouTube and building out consumer experiential marketing at Eventbrite.
“It’s really exciting to join Mashgin at this point in the company’s lifecycle,” Meyerson said. “Mashgin is already successful and profitable, but they’ve just scratched the surface of their growth potential and the many applications of their patented technologies. It has the ingredients to become one of the most powerful brands in the American technology space.”
Mashgin CEO Abhinai Srivastava said, “Mashgin has come a long way in its nine years, from a lab prototype to a technology solution that’s accelerating millions of sales a day at thousands of locations. Attracting leaders of Pete’s and Eric’s caliber is a strong validation of the success we’ve already had in our markets and the massive potential we can unlock.”
About Mashgin
Mashgin is the world’s fastest checkout system, powered by AI and computer vision. By eliminating barcode scanning, Mashgin allows customers to simply place items on the tray, pay, and be on their way in under 10 seconds. With checkout speeds up to four times faster than traditional systems, Mashgin not only enhances customer satisfaction but also boosts revenue for retailers by reducing wait times and streamlining operations. Founded in 2014 and headquartered in Palo Alto, California, Mashgin is a privately held company backed by NEA, Matrix Partners, Susa Ventures, and Y Combinator. Follow Mashgin on LinkedIn or learn more about Mashgin at www.mashgin.com.
press@mashgin.com
Source: GlobeNewswire (MIL-OSI)
CHICAGO, Sept. 24, 2024 (GLOBE NEWSWIRE) — GCM Grosvenor (NASDAQ: GCMG), a leading global alternative asset management firm, today announced that its Infrastructure Advantage Strategy has acquired a 25% equity interest in Shepherds Flat (the “Transaction”), the largest repowered wind farm in North America, from Brookfield Asset Management (NYSE: BAM, TSX: BAM) and its institutional partners, including its listed affiliate Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC) (“Brookfield”).
Shepherds Flat, located in north central Oregon, is a fully contracted 338-turbine wind farm with a nameplate capacity of 845 MW. The wind farm produces in excess of 2,000 GWh of electricity annually, which is enough to power ~185,000 average U.S. households and is fully supported by a long-term contract with a large-scale utility.
“We believe Shepherds Flat presents a rare opportunity to invest in a high-quality, hard-to-replicate, sustainable infrastructure asset alongside an experienced owner, operator, and developer of clean power,” said GCM Grosvenor Managing Director Matt Rinklin. “The Infrastructure Advantage Strategy is pleased to invest in contracted renewable power generation in the Pacific Northwest energy market. We are confident we can deliver long-term value to our investors through this strategic acquisition.”
Brookfield Renewable, a global platform for renewable power and decarbonization solutions, acquired Shepherds Flat in 2021. A comprehensive repowering which materially increased the wind farm’s generation capacity was performed under Brookfield Renewable’s ownership, enhancing the plant’s operational efficiency and substantially extending its lifespan.
“We are excited to partner with GCM Grosvenor while maintaining exposure to this high-quality asset that provides essential clean energy to customers throughout the Pacific Northwest. We continue to see opportunities to further enhance value at Shepherds Flat and are thrilled to be working with GCM,” said Jeh Vevaina, Managing Partner, Brookfield Asset Management.
GCM Grosvenor’s investment in Shepherds Flat was completed through its Infrastructure Advantage Strategy, which seeks to generate high-quality risk adjusted returns through alignment with key stakeholders, including union labor. As part of the transaction, the Shepherds Flat partnership has adopted a Responsible Contractor Policy which will apply to any material construction work at the site.
Thorndike Landing LLC acted as financial advisor and Kirkland & Ellis LLP acted as legal advisor on the transaction for GCM Grosvenor. BMO and Wells Fargo acted as financial advisor and King & Spalding LLP acted as legal advisor on the transaction for Brookfield.
About GCM Grosvenor
GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $79 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm has specialized in alternatives for more than 50 years and is dedicated to delivering value for clients by leveraging its cross-asset class and flexible investment platform. GCM Grosvenor’s experienced team of approximately 540 professionals serves a global client base of institutional and individual investors. The firm is headquartered in Chicago, with offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul and Sydney. For more information, visit: gcmgrosvenor.com.
About Brookfield Asset Management
Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager with approximately $1 trillion of assets under management. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.
Brookfield operates Brookfield Renewable Partners (NYSE: BEP, TSX: BEP), one of the world’s largest publicly traded platforms for renewable power and sustainable solutions. Our renewable power portfolio totals over 34,000 megawatts and our development pipeline stands at approximately 200,000 megawatts. Our portfolio of sustainable solutions assets includes our investments in Westinghouse (a leading global nuclear services business) and a utility and independent power producer with operations in the Caribbean and Latin America, as well as both operating assets and a development pipeline of carbon capture and storage capacity, agricultural renewable natural gas and materials recycling.
Media Contacts:
GCM Grosvenor
Tom Johnson and Abigail Ruck
H/Advisors Abernathy on behalf of GCM Grosvenor
tom.johnson@h-advisors.global / abigail.ruck@h-advisors.global
212-371-5999
Brookfield
Simon Maine
Managing Director – Communications
+44 (0)7398 909 278
simon.maine@brookfield.com
Source: GlobeNewswire (MIL-OSI)
WATERTOWN, Mass., Sept. 24, 2024 (GLOBE NEWSWIRE) — Cangrade today introduced Jules—its transformative, new AI Copilot created to help HR professionals make more strategic, data-backed talent decisions. Jules leverages intelligence from Cangrade’s talent assessment to answer important questions and uncover insights about everything from hiring and employee growth and development, to personal motivators and strategies for improvement.
Jules was born from Cangrade’s informative assessment in conjunction with its powerful, patented Generative AI capabilities. With the goal of both improving and streamlining talent decisions, HR professionals and hiring managers can now ask questions that range from simple to complex and receive insightful, contextually relevant guidance based on a person’s personality profiles. Whether it’s the best way to communicate with a peer, finding the right tone or approach to deal with a challenging situation, or writing the most competitive offer letter, Jules can help.
Cangrade customers are already using Jules to:
What sets Jules apart from other solutions is not simply its ability to maximize talent intelligence, but that the advice it generates is on par with a high-level I/O psychologist. While deep, personal familiarity with the employee or candidate in question is something critical to making better talent decisions, most organizations don’t have access or time to hire a fully dedicated staff member to oversee this. With Jules, you don’t need one—you can create individualized performance plans and communications with the data you already have.
“For years, organizations have conducted workshops, trainings, and deployed different tools and technologies to profile team members in hopes of creating a better work environment. Very rarely do these approaches achieve the desired results—until now,” said Gershon Goren, founder and CEO, Cangrade. “Jules is like a world-class, AI-powered I/O psychologist ready to help HR professionals build a dynamic workforce equipped for the future.”
To further Cangrade’s mission of leveling the playing field for job seekers, the company will be announcing new AI features in the coming months. Available to any user, Jules will offer helpful insights for those just entering the job market, to those looking to advance their careers.
For more information about Cangrade’s AI-powered, bias-free hiring and talent management solutions, visit www.cangrade.com.
About Cangrade
For HR leaders, Cangrade is the bias-free, AI- powered talent intelligence platform. By integrating data into talent acquisition and management processes, Cangrade enables businesses to make strategic and efficient decisions from initial screening through the entire employee lifecycle. Delivering 10x more accurate predictions of talent success and retention than traditional methods, the company’s Pre-Hire Assessment has helped organizations like Wayfair, FDNY, Lamar Advertising, and Applied Industrial Technologies make the right hiring decisions for over 10 million candidates and counting. For more information, visit www.cangrade.com.
Media Contact:
Gina Devine
Public Relations
press@cangrade.com
Source: GlobeNewswire (MIL-OSI)
BOSTON, Sept. 24, 2024 (GLOBE NEWSWIRE) — Devo Technology, the security data analytics company, today announced that it has been recognized as a Leader in the IDC MarketScape Worldwide SIEM for Enterprise 2024 Vendor Assessment (IDC #US52525024, August 2024).
The IDC MarketScape recognized Devo for the following strengths:
“Devo gives customers customizable options that can scale with their unique needs,” said Michelle Abraham, senior research director, security and trust, for IDC. “Their ability to ingest all data also offers flexibility to include data from custom applications, delivering a more comprehensive view of a customer’s security picture.”
The AI embedded throughout the Devo Security Data Platform also contributed to its position as a Leader. Devo ThreatLink™, a centralized and automated case management solution, enriches alerts to offer more context, prioritizes cases, and includes quick actions without running a full playbook. Additionally, Devo DeepTrace automates threat hunting and investigation with attack-tracing AI to enable customers to scale investigations with limited resources.
“The growing complexity of modern threat actors, massive data volumes, alert fatigue, and a shortage of skilled professionals make it increasingly difficult for security analysts to manage threats effectively,” said Rakesh Nair, SVP of product & engineering at Devo. “We believe Devo’s position in the 2024 IDC MarketScape Worldwide SIEM for Enterprise underscores the growing demand for supporting analyst work with AI-driven security operations tools to improve efficiency.”
The IDC Worldwide SIEM Market Shares, 2023 (IDC #US52525024, August 2024) noted that Devo’s share of the $6.2 billion SIEM market grew by 21.7% between 2022 and 2023. The report also cited Devo’s July 2024 announcement of its Data Orchestration capability as a notable event that shaped the SIEM market. The new add-on feature enables customers to filter and route data from any source to Devo and third-party data stores, ensuring the most valuable data is available for real-time analysis.
Read the excerpt here.
About Devo
Devo Technology replaces traditional SIEMs with a real-time security data platform. Devo’s integrated platform serves as the foundation of your security operations and includes data-powered SIEM, SOAR, and UEBA. AI and intelligent automation help your SOC work faster and smarter so you can make the right decisions in real time. Headquartered in Boston, Massachusetts, with operations in North America, Europe, and Asia Pacific, Devo is backed by Insight Partners, Georgian, TCV, General Atlantic, Bessemer Venture Partners, Kibo Ventures and Eurazeo.
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers.
Jackie Blundell
Marketing Communications Director
jackie.blundell@devo.com
Source: GlobeNewswire (MIL-OSI)
CHICAGO, Sept. 24, 2024 (GLOBE NEWSWIRE) — Sprout Social (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, has been recognized by G2’s 2024 Fall Reports with 173 leader badges spanning all business segments, from small business to mid-market and enterprise, and across every region including EMEA, APAC, and the Middle East. The company earns these additional recognitions after being named G2’s #1 Best Software Product for 2024.
Sprout Social has maintained their #1 position in the Grid® Report for Social Customer Service, Social Media Analytics, Social Media Suites and Social Media Listening Tools. The company has been recognized in an increasing number of G2 reports across Asia-Pacific and other regions, including the Enterprise Asia Regional Grid® Report for Social Media Suites, further solidifying their position as a global leader in social media management.
“Our continued recognition in G2’s Fall Reports is a testament to the trust and loyalty of our customers,” said Mike Wolff, Chief Revenue Officer, Sprout Social. “These rankings are more than just a reflection of our platform’s capabilities—they highlight the meaningful ways we help businesses solve complex challenges. From leveraging AI to expanding our integrations, we’re committed to delivering innovative solutions that meet the diverse needs of businesses worldwide.”
This recognition follows several exciting developments at Sprout Social, including their integration with Salesforce’s Agentforce to assist service reps, new advancements from their latest quarterly product showcase, and a partnership with Carahsoft as a NASPO-approved vendor, strengthening their presence in the public sector and making their solutions more accessible to government agencies. Sprout Social earned its place on these lists because of customer feedback, including:
“I love that Sprout Social was easy to set up and allows for easy posting/scheduling. It was very quick to integrate with our other tools such as Salesforce.”
“I love the AI assistant that provides caption options for posts and the suggested posting times are very accurate. Additionally, Sprout offers very useful analytics to help us determine if our content is on the right track or if adjustments are needed.”
“What I love most about Sprout Social is its seamless integration of social media management tools that make my agency’s workflow incredibly efficient. The platform’s user-friendly interface allows us to easily schedule, monitor, and engage across multiple social channels, all in one place. The detailed analytics provided by Sprout give us actionable insights, helping us refine our strategies and demonstrate clear ROI to our clients. It’s not just about managing posts; it’s about having a comprehensive understanding of our social media impact, which Sprout makes possible with minimal hassle.”
“Sprout Social has been a game-changer for our team. Plus, the team-friendly design has enhanced our collaboration, making it easier to hit our social media goals together.”
Learn about G2’s methodology or read more reviews directly from Sprout users here.
About Sprout Social
Sprout Social is a global leader in social media management and analytics software. Sprout’s intuitive platform puts powerful social data into the hands of more than 30,000 brands so they can deliver smarter, faster business impact. Named the #1 Best Software Product by G2’s 2024 Best Software Award, Sprout offers comprehensive publishing and engagement functionality, customer care, influencer marketing, advocacy, and AI-powered business intelligence. Sprout’s software operates across all major social media networks and digital platforms. For more information about Sprout Social (NASDAQ: SPT), visit sproutsocial.com.
Social Media Profiles:
www.twitter.com/SproutSocial
www.twitter.com/SproutSocialIR
www.facebook.com/SproutSocialInc
www.linkedin.com/company/sprout-social-inc-/
www.instagram.com/sproutsocial
Contact
Media:
Layla Revis
Email: pr@sproutsocial.com
Phone: (866) 878-3231
Investors:
Lexi Johnson
Twitter: @SproutSocialIR
Email: investors@sproutsocial.com
Phone: (312) 528-9166
