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edtsum500 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SAN RAFAEL, Calif., April 6, 2020 /PRNewswire/ --BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) today announced that based on recent meetings with health authorities in the US and Europe, the Company plans to submit marketing applications to the US Food and Drug Administration (FDA) and the European Medicines Agency (EMA) in the third quarter of 2020 for vosoritide.Vosoritide is an investigational, once daily injection analog of C-type Natriuretic Peptide (CNP) for achondroplasia, the most common form of disproportionate short stature in humans. The marketing applications are based on the outcomes from the randomized, double-blind, placebo-controlled Phase 3 study evaluating the efficacy and safety of vosoritide, announced in Dec 2019, and further supported by the long-term safety and efficacy from the Phase 2 study, ongoing extension studies, and extensive natural history data. If approved, vosoritide would be the first medicine for the treatment of Achondroplasia in the US and Europe. "We have worked with the regulatory authorities throughout the design and development of our clinical program and look forward to the ongoing interactions in the evaluation of the safety and efficacy of vosoritide in children with achondroplasia," said Hank Fuchs, M.D., President Worldwide Research and Development at BioMarin."We believe that we have a strong data package that combines the gold standard of a randomized, double-blind, placebo-controlled Phase 3 study with the long-term results in the Phase 2 open label study and extensive contemporaneous natural history data to evaluate durability.We are grateful to the children and families who have participated in these studies and are contributing to the greater body of scientific data on a potential treatment for achondroplasia." "Vosoritide is the first potential pharmacological treatment for the underlying cause of achondroplasia. It could be a medical breakthrough in providing physicians with a new tool to treat individuals with achondroplasia," said John A. Phillips, III, M.D., Vanderbilt University Medical Center (David T Karzon Professor of Pediatrics) and investigator for the vosoritide clinical program. "To have such a possible treatment for achondroplasia on the horizon, where none existed before is significant progress." "We are making great strides in understanding the biology of skeletal dysplasia and getting closer to a potential treatment," said Klaus Mohnike, Professor of Paediatrics at Magdeburg University Hospital in Germany and investigator for the vosoritide clinical program. "I am looking forward to therapeutic interventions that go beyond treating symptoms and have the potential to make a lasting difference for those affected children." Vosoritide has received orphan drug designation from the FDA and EMA for the treatment of achondroplasia.The Orphan Drug Designation program is intended to advance the evaluation and development of products that demonstrate promise for the diagnosis and/or treatment of rare diseases or conditions. Description of Phase 3 Study The global Phase 3 study was a randomized, double-blind, placebo-controlled study of vosoritide in 121 children with achondroplasia aged 5 to 14 for 52 weeks. (The enrollment age criteria were 5 to 18 per the study protocol).Vosoritide is being tested in children whose growth plates are still open. This is approximately 25% of people with achondroplasia. Children in this study have completed a minimum six-month baseline study to determine their baseline growth velocity prior to entering the Phase 3 study.The primary endpoint of the study was the change in growth velocity from baseline over one year in children treated with vosoritide compared to placebo. A wide range of secondary and exploratory endpoints included anthropometric measures such as height Z-score, body and limb proportionality and joint geometry; biochemical, biomarker and radiological assessments of bone growth and health; and evaluations of health-related quality of life (HRQoL), developmental status, and functional independence.These additional endpoints address the overall impact vosoritide has on achondroplasia and continue to be evaluated in an ongoing open-label extension study where all subjects receive active treatment. Description of Phase 2 Dose Finding Study The primary objectives of the open-label, sequential cohort, dose-finding study were to evaluate the safety and tolerability of daily subcutaneous vosoritide and to determine the dose to carry forward to Phase 3. Secondary objectives were to evaluate the effects of vosoritide on change from pre-treatment baseline in annualized growth velocity (cm/year), height Z-scores, and body segment proportionality, the vosoritide pharmacokinetic (PK) profile, and biomarkers of vosoritide activity, and endochondral ossification. All children who completed the 24-month dose finding study were then eligible to continue long term follow up in the ongoing extension study which provides long term evidence of efficacy, durability of effect and safety. About Achondroplasia Achondroplasia, the most common form of disproportionate short stature in humans, is characterized by slowing of endochondral ossification, which results in disproportionate short stature and disordered architecture in the long bones, spine, face and base of the skull.This condition is caused by a mutation in the fibroblast growth factor receptor 3 gene (FGFR3), a negative regulator of bone growth. Beyond disproportionate short stature, people with achondroplasia can experience serious health complications, including foramen magnum compression, sleep apnea, bowed legs, mid-face hypoplasia, permanent sway of the lower back, spinal stenosis and recurrent ear infections. Some of these complications can result in the need for invasive surgeries such as spinal cord decompression and straightening of bowed legs. In addition, studies show increased mortality at every age. More than 80% of children with achondroplasia have parents of average stature and have the condition as the result of a spontaneous gene mutation.The worldwide incidence rate of achondroplasia is about one in 25,000 live births.Vosoritide is being tested in children whose growth plates are still "open," typically those under 18 years of age.This is approximately 25% of people with achondroplasia.In the U.S., Europe, Latin America,the Middle East, and most of Asia Pacific, there are currently no licensed medicines for achondroplasia. About BioMarin BioMarin is a global biotechnology company that develops and commercializes innovative therapies for patients with serious and life-threatening rare genetic diseases. The company's portfolio consists of six commercialized products and multiple clinical and pre-clinical product candidates. For additional information, please visit www.biomarin.com. Information on such website is not incorporated by reference into this press release. Forward-Looking Statement This press release contains forward-looking statements about the business prospects of BioMarin Pharmaceutical Inc. (BioMarin), including, without limitation, statements about: BioMarin's vosoritide development program generally and specifically about the Company's planned submissions for marketing applications in the U.S. to the FDA and in Europe to the EMA, the strength of the data package to be submitted to regulatory authorities, the continued clinical development of vosoritide and the timing and conduct of such clinical program; the possible results of such studies, and the timing of the submissions of marketing applications to health authorities in the U.S. and Europe. These forward-looking statements are predictions and involve risks and uncertainties such that actual results may differ materially from these statements. These risks and uncertainties include, among others: final analysis of the Phase 3 data, results and timing of current and planned preclinical studies and clinical trials of vosoritide; our ability to successfully manufacture vosoritide; the content and timing of decisions by the U.S. Food and Drug Administration, the European Commission and other regulatory authorities concerning vosoritide; and those other risks and uncertainties detailed from time to time under the caption "Risk Factors" and elsewhere in the BioMarin's Securities and Exchange Commission (SEC) filings, including, without limitation, BioMarin's Quarterly Report on Form 10-K for the year ended December 31, 2019, and future SEC filings and reports by BioMarin. BioMarin undertakes no duty or obligation to update any forward-looking statements contained in this press release as a result of new information, future events or changes in its expectations. BioMarin is a registered trademark of BioMarin Pharmaceutical Inc. Contacts: Investors Media Traci McCarty Debra Charlesworth BioMarin Pharmaceutical Inc. BioMarin Pharmaceutical Inc. (415) 455-7558 (415) 455-7451 SOURCE BioMarin Pharmaceutical Inc. Related Links http://www.biomarin.com
Answer: | BioMarin Plans Regulatory Submissions for Marketing Authorization of Vosoritide to Treat Children with Achondroplasia in 3Q 2020 in both US and Europe If approved, vosoritide would be the first medicine for the treatment of Achondroplasia in the US and EU | SAN RAFAEL, Calif., April 6, 2020 /PRNewswire/ --BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) today announced that based on recent meetings with health authorities in the US and Europe, the Company plans to submit marketing applications to the US Food and Drug Administration (FDA) and the European Medicines Agency (EMA) in the third quarter of 2020 for vosoritide.Vosoritide is an investigational, once daily injection analog of C-type Natriuretic Peptide (CNP) for achondroplasia, the most common form of disproportionate short stature in humans. The marketing applications are based on the outcomes from the randomized, double-blind, placebo-controlled Phase 3 study evaluating the efficacy and safety of vosoritide, announced in Dec 2019, and further supported by the long-term safety and efficacy from the Phase 2 study, ongoing extension studies, and extensive natural history data. If approved, vosoritide would be the first medicine for the treatment of Achondroplasia in the US and Europe. "We have worked with the regulatory authorities throughout the design and development of our clinical program and look forward to the ongoing interactions in the evaluation of the safety and efficacy of vosoritide in children with achondroplasia," said Hank Fuchs, M.D., President Worldwide Research and Development at BioMarin."We believe that we have a strong data package that combines the gold standard of a randomized, double-blind, placebo-controlled Phase 3 study with the long-term results in the Phase 2 open label study and extensive contemporaneous natural history data to evaluate durability.We are grateful to the children and families who have participated in these studies and are contributing to the greater body of scientific data on a potential treatment for achondroplasia." "Vosoritide is the first potential pharmacological treatment for the underlying cause of achondroplasia. It could be a medical breakthrough in providing physicians with a new tool to treat individuals with achondroplasia," said John A. Phillips, III, M.D., Vanderbilt University Medical Center (David T Karzon Professor of Pediatrics) and investigator for the vosoritide clinical program. "To have such a possible treatment for achondroplasia on the horizon, where none existed before is significant progress." "We are making great strides in understanding the biology of skeletal dysplasia and getting closer to a potential treatment," said Klaus Mohnike, Professor of Paediatrics at Magdeburg University Hospital in Germany and investigator for the vosoritide clinical program. "I am looking forward to therapeutic interventions that go beyond treating symptoms and have the potential to make a lasting difference for those affected children." Vosoritide has received orphan drug designation from the FDA and EMA for the treatment of achondroplasia.The Orphan Drug Designation program is intended to advance the evaluation and development of products that demonstrate promise for the diagnosis and/or treatment of rare diseases or conditions. Description of Phase 3 Study The global Phase 3 study was a randomized, double-blind, placebo-controlled study of vosoritide in 121 children with achondroplasia aged 5 to 14 for 52 weeks. (The enrollment age criteria were 5 to 18 per the study protocol).Vosoritide is being tested in children whose growth plates are still open. This is approximately 25% of people with achondroplasia. Children in this study have completed a minimum six-month baseline study to determine their baseline growth velocity prior to entering the Phase 3 study.The primary endpoint of the study was the change in growth velocity from baseline over one year in children treated with vosoritide compared to placebo. A wide range of secondary and exploratory endpoints included anthropometric measures such as height Z-score, body and limb proportionality and joint geometry; biochemical, biomarker and radiological assessments of bone growth and health; and evaluations of health-related quality of life (HRQoL), developmental status, and functional independence.These additional endpoints address the overall impact vosoritide has on achondroplasia and continue to be evaluated in an ongoing open-label extension study where all subjects receive active treatment. Description of Phase 2 Dose Finding Study The primary objectives of the open-label, sequential cohort, dose-finding study were to evaluate the safety and tolerability of daily subcutaneous vosoritide and to determine the dose to carry forward to Phase 3. Secondary objectives were to evaluate the effects of vosoritide on change from pre-treatment baseline in annualized growth velocity (cm/year), height Z-scores, and body segment proportionality, the vosoritide pharmacokinetic (PK) profile, and biomarkers of vosoritide activity, and endochondral ossification. All children who completed the 24-month dose finding study were then eligible to continue long term follow up in the ongoing extension study which provides long term evidence of efficacy, durability of effect and safety. About Achondroplasia Achondroplasia, the most common form of disproportionate short stature in humans, is characterized by slowing of endochondral ossification, which results in disproportionate short stature and disordered architecture in the long bones, spine, face and base of the skull.This condition is caused by a mutation in the fibroblast growth factor receptor 3 gene (FGFR3), a negative regulator of bone growth. Beyond disproportionate short stature, people with achondroplasia can experience serious health complications, including foramen magnum compression, sleep apnea, bowed legs, mid-face hypoplasia, permanent sway of the lower back, spinal stenosis and recurrent ear infections. Some of these complications can result in the need for invasive surgeries such as spinal cord decompression and straightening of bowed legs. In addition, studies show increased mortality at every age. More than 80% of children with achondroplasia have parents of average stature and have the condition as the result of a spontaneous gene mutation.The worldwide incidence rate of achondroplasia is about one in 25,000 live births.Vosoritide is being tested in children whose growth plates are still "open," typically those under 18 years of age.This is approximately 25% of people with achondroplasia.In the U.S., Europe, Latin America,the Middle East, and most of Asia Pacific, there are currently no licensed medicines for achondroplasia. About BioMarin BioMarin is a global biotechnology company that develops and commercializes innovative therapies for patients with serious and life-threatening rare genetic diseases. The company's portfolio consists of six commercialized products and multiple clinical and pre-clinical product candidates. For additional information, please visit www.biomarin.com. Information on such website is not incorporated by reference into this press release. Forward-Looking Statement This press release contains forward-looking statements about the business prospects of BioMarin Pharmaceutical Inc. (BioMarin), including, without limitation, statements about: BioMarin's vosoritide development program generally and specifically about the Company's planned submissions for marketing applications in the U.S. to the FDA and in Europe to the EMA, the strength of the data package to be submitted to regulatory authorities, the continued clinical development of vosoritide and the timing and conduct of such clinical program; the possible results of such studies, and the timing of the submissions of marketing applications to health authorities in the U.S. and Europe. These forward-looking statements are predictions and involve risks and uncertainties such that actual results may differ materially from these statements. These risks and uncertainties include, among others: final analysis of the Phase 3 data, results and timing of current and planned preclinical studies and clinical trials of vosoritide; our ability to successfully manufacture vosoritide; the content and timing of decisions by the U.S. Food and Drug Administration, the European Commission and other regulatory authorities concerning vosoritide; and those other risks and uncertainties detailed from time to time under the caption "Risk Factors" and elsewhere in the BioMarin's Securities and Exchange Commission (SEC) filings, including, without limitation, BioMarin's Quarterly Report on Form 10-K for the year ended December 31, 2019, and future SEC filings and reports by BioMarin. BioMarin undertakes no duty or obligation to update any forward-looking statements contained in this press release as a result of new information, future events or changes in its expectations. BioMarin is a registered trademark of BioMarin Pharmaceutical Inc. Contacts: Investors Media Traci McCarty Debra Charlesworth BioMarin Pharmaceutical Inc. BioMarin Pharmaceutical Inc. (415) 455-7558 (415) 455-7451 SOURCE BioMarin Pharmaceutical Inc. Related Links http://www.biomarin.com |
edtsum501 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: PARSIPPANY, N.J.--(BUSINESS WIRE)--AdvanSix (NYSE: ASIX) today announced its financial results for the fourth quarter and full year ending December 31, 2020. The Company generated improved results across a number of measures in the quarter and for the full year including sales volume, income and cash flow, while mitigating the ongoing impacts of COVID-19. Our strong fourth quarter and full year results demonstrate our team's resilience, perseverance and strength of execution. For the full year, we expanded margins, generated higher earnings and cash flow, and reduced leverage levels as we navigated the challenging macro environment," said Erin Kane, president and CEO of AdvanSix. "Sales volume grew compared to the prior year reflecting the strength of our business model, low-cost position and diversity of our product portfolio. In 2020, we proactively drove approximately $26 million of productivity and cost savings to mitigate the impact of COVID on our business while continuing to invest for future growth in differentiated products and high-return capital projects." Fourth Quarter 2020 Results Summary fourth quarter 2020 financial results for the Company are included below: ($ in Thousands, Except Earnings Per Share) 4Q 2020 4Q 2019 Sales $340,272 $326,650 Net Income (Loss) 26,764 (2,094) Diluted Earnings (Loss) Per Share $0.94 ($0.08) EBITDA (1) 48,499 12,749 EBITDA Margin % (1) 14.3% 3.9% Cash Flow from Operations 47,761 19,849 Free Cash Flow (1)(2) 32,406 (24,087) (1) See Non-GAAP Measures included in this press release for non-GAAP reconciliations (2) Net cash provided by operating activities less capital expenditures Sales of $340.3 million in the quarter increased approximately 4.2% versus the prior year. Sales volume in the quarter increased approximately 7.9% versus the prior year primarily due to higher production output and improved end market demand overall. Raw material pass-through pricing was unfavorable by approximately 4.4% following a net cost decrease in benzene and propylene (inputs to cumene which is a key feedstock to our products). Market-based pricing was favorable by approximately 0.7% compared to the prior year reflecting continued strength in chemical intermediates, particularly acetone, partially offset by our nylon and caprolactam product lines. Sales by product line represented the following approximate percentage of our total sales: 4Q 2020 4Q 2019 FY 2020 FY 2019 Nylon 23% 25% 24% 27% Caprolactam 19% 21% 19% 22% Chemical Intermediates 35% 31% 32% 28% Ammonium Sulfate 23% 23% 25% 23% EBITDA of $48.5 million in the quarter increased $35.8 million versus the prior year primarily due to the net favorable year-over-year impact of planned plant turnarounds (approximately $23 million), higher market-based pricing, productivity and volume, and the net favorable impact of logistics productivity and our realigned cumene supply chain following the 2019 shutdown of cumene supplier Philadelphia Energy Solutions (PES). Earnings per share of $0.94 increased $1.02 versus the prior year driven by the factors discussed above as well as a lower effective tax rate in the quarter versus the prior year primarily driven by an approximately $3.8 million energy tax credit associated with our natural gas boilers investment. Cash flow from operations of $47.8 million in the quarter increased $27.9 million versus the prior year primarily due to higher net income. Capital expenditures of $15.4 million in the quarter decreased $28.6 million versus the prior year following the completion of several large 2019 high-return growth and cost savings investments. The expected approximately $12 million cash tax refund related to the CARES Act remains outstanding and is now anticipated to be received in the first half of 2021. Full Year 2020 Results Summary full year 2020 financial results for the Company are included below: ($ in Thousands, Except Earnings Per Share) FY 2020 FY 2019 Sales $1,157,917 $1,297,393 Net Income 46,077 41,347 Diluted Earnings Per Share $1.64 $1.43 EBITDA (1) 123,657 115,628 EBITDA Margin % (1) 10.7% 8.9% Cash Flow from Operations 111,847 120,385 Free Cash Flow (1)(2) 28,929 (29,937) (1) See Non-GAAP Measures included in this press release for non-GAAP reconciliations (2) Net cash provided by operating activities less capital expenditures Outlook "We are targeting a record year of production output in 2021 supporting higher earnings and robust cash flow while making continued progress on our sustainability initiatives. Our strategic priorities remain consistent as we support continued operational excellence and improving through-cycle profitability, enhancing our portfolio resiliency through differentiated product growth and mix optimization, and being strong and disciplined stewards of capital. We are gaining momentum and remain confident that AdvanSix is well positioned to deliver attractive long-term shareholder value, added Kane. Conference Call Information AdvanSix will discuss its results during its investor conference call today starting at 9:00 a.m. ET. To participate on the conference call, dial (844) 855-9494 (domestic) or (412) 858-4602 (international) approximately 10 minutes before the 9:00 a.m. ET start, and tell the operator that you are dialing in for AdvanSixs fourth quarter 2020 earnings call. The live webcast of the investor call as well as related presentation materials can be accessed at http://investors.advansix.com. Investors can hear a replay of the conference call from 12 noon ET on February 19 until 12 noon ET on February 26 by dialing (877) 344-7529 (domestic) or (412) 317-0088 (international). The access code is 10151025. About AdvanSix AdvanSix plays a critical role in global supply chains, innovating and delivering essential products for our customers in a wide variety of end markets and applications that touch peoples lives, such as building and construction, fertilizers, plastics, solvents, packaging, paints, coatings, adhesives and electronics. Our reliable and sustainable supply of quality products emerges from the vertically integrated value chain of our three U.S.-based manufacturing facilities. AdvanSix strives to deliver best-in-class customer experiences and differentiated products in the industries of nylon solutions, chemical intermediates, and plant nutrients, guided by our core values of Safety, Integrity, Accountability and Respect. More information on AdvanSix can be found at http://www.advansix.com. Forward Looking Statements This release contains certain statements that may be deemed forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, that address activities, events or developments that our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements may be identified by words such as "expect," "anticipate," "estimate," outlook, "project," "strategy," "intend," "plan," "target," "goal," "may," "will," "should" and "believe" and other variations or similar terminology and expressions. Although we believe forward-looking statements are based upon reasonable assumptions, such statements involve known and unknown risks, uncertainties and other factors, many of which are beyond our control and difficult to predict, which may cause the actual results or performance of the Company to be materially different from any future results or performance expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to: general economic and financial conditions in the U.S. and globally, including the impact of the coronavirus (COVID-19) pandemic; the scope and duration of the pandemic and pace of recovery; the timing of the development and distribution of an effective vaccine or treatment for COVID-19; governmental, business and individuals actions in response to the pandemic, including our business continuity and cash optimization plans that have been, and may in the future be, implemented; the impact of social and economic restrictions and other containment measures taken to combat virus transmission; the effect on our customers demand for our products and our suppliers ability to manufacture and deliver our raw materials, including implications of reduced refinery utilization in the U.S.; our ability to sell and provide our goods and services, including as a result of travel and other COVID-19-related restrictions; the ability of our customers to pay for our products; and any closures of our and our customers offices and facilities; risks associated with increased phishing, compromised business emails and other cybersecurity attacks and disruptions to our technology infrastructure; risks associated with employees working remotely or operating with a reduced workforce; risks associated with our indebtedness including compliance with financial and restrictive covenants, and our ability to access capital on reasonable terms, at a reasonable cost or at all due to economic conditions resulting from COVID-19 or otherwise; the impact of scheduled turnarounds and significant unplanned downtime and interruptions of production or logistics operations as a result of mechanical issues or other unanticipated events such as fires, severe weather conditions, natural disasters and pandemics including the COVID-19 pandemic; price fluctuations, cost increases and supply of raw materials; our operations and growth projects requiring substantial capital; growth rates and cyclicality of the industries we serve including global changes in supply and demand; failure to develop and commercialize new products or technologies; loss of significant customer relationships; adverse trade and tax policies; extensive environmental, health and safety laws that apply to our operations; hazards associated with chemical manufacturing, storage and transportation; litigation associated with chemical manufacturing and our business operations generally; inability to acquire and integrate businesses, assets, products or technologies; protection of our intellectual property and proprietary information; prolonged work stoppages as a result of labor difficulties or otherwise; cybersecurity, data privacy incidents and disruptions to our technology infrastructure; failure to maintain effective internal controls; disruptions in transportation and logistics; our inability to achieve some or all of the anticipated benefits of our spin-off including uncertainty regarding qualification for expected tax treatment; fluctuations in our stock price; and changes in laws or regulations applicable to our business. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. We identify the principal risks and uncertainties that affect our performance in our filings with the Securities and Exchange Commission (SEC), including the risk factors in Part 1, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2019, as updated in subsequent reports filed with the SEC. Non-GAAP Financial Measures This press release includes certain non-GAAP financial measures intended to supplement, not to act as substitutes for, comparable GAAP measures. Reconciliations of non-GAAP financial measures to GAAP financial measures are provided in this press release. Investors are urged to consider carefully the comparable GAAP measures and the reconciliations to those measures provided. Non-GAAP measures in this press release may be calculated in a way that is not comparable to similarly-titled measures reported by other companies. AdvanSix Inc. Consolidated Balance Sheets (Unaudited) (Dollars in thousands, except share and per share amounts) December 31, 2020 December 31, 2019 ASSETS Current assets: Cash and cash equivalents $ 10,606 $ 7,050 Accounts and other receivables net 123,554 104,613 Inventories net 180,085 171,710 Taxes receivable 12,289 2,047 Other current assets 6,969 5,117 Total current assets 333,503 290,537 Property, plant and equipment net 765,469 755,881 Operating lease right-of-use assets 114,484 135,985 Goodwill 15,005 15,005 Other assets 34,946 38,561 Total assets $ 1,263,407 $ 1,235,969 LIABILITIES Current liabilities: Accounts payable $ 190,227 $ 205,911 Accrued liabilities 41,152 28,114 Operating lease liabilities short-term 29,279 38,005 Deferred income and customer advances 26,379 19,696 Total current liabilities 287,037 291,726 Deferred income taxes 125,575 110,071 Operating lease liabilities long-term 85,605 98,347 Line of credit long-term 275,000 297,000 Postretirement benefit obligations 39,168 32,410 Other liabilities 6,899 5,537 Total liabilities 819,284 835,091 STOCKHOLDERS' EQUITY Common stock, par value $0.01; 200,000,000 shares authorized; 31,627,139 shares issued and 28,033,227 outstanding at December 31, 2020; 31,423,898 shares issued and 27,914,777 outstanding at December 31, 2019 316 314 Preferred stock, par value $0.01; 50,000,000 shares authorized; 0 shares issued and outstanding at December 31, 2020 and 2019 Treasury stock at par (3,593,912 shares at December 31, 2020; 3,509,121 shares at December 31, 2019) (36) (35) Additional paid-in capital 184,732 180,884 Retained earnings 275,243 229,166 Accumulated other comprehensive loss (16,132) (9,451) Total stockholders' equity 444,123 400,878 Total liabilities and stockholders' equity $ 1,263,407 $ 1,235,969 AdvanSix Inc. Consolidated Statements of Operations (Unaudited) (Dollars in thousands, except share and per share amounts) Three Months Ended December 31, Twelve Months Ended December 31, 2020 2019 2020 2019 Sales $ 340,272 $ 326,650 $ 1,157,917 $ 1,297,393 Costs, expenses and other: Costs of goods sold 287,664 311,790 1,024,169 1,161,921 Selling, general and administrative expenses 20,042 16,692 70,870 75,375 Interest expense, net 1,965 1,727 7,792 5,454 Other non-operating expense (income), net (162) 151 53 1,295 Total costs, expenses and other 309,509 330,360 1,102,884 1,244,045 Income (loss) before taxes 30,763 (3,710) 55,033 53,348 Income tax expense (benefit) 3,999 (1,616) 8,956 12,001 Net income (loss) $ 26,764 $ (2,094) $ 46,077 $ 41,347 Earnings (loss) per common share Basic $ 0.95 $ (0.08) $ 1.64 $ 1.47 Diluted $ 0.94 $ (0.08) $ 1.64 $ 1.43 Weighted average common shares outstanding Basic 28,081,709 27,913,171 28,048,726 28,122,288 Diluted 28,349,870 27,913,171 28,157,062 28,898,836 AdvanSix Inc. Consolidated Statements of Cash Flows (Unaudited) (Dollars in thousands) Three Months Ended December 31, Twelve Months Ended December 31, 2020 2019 2020 2019 Cash flows from operating activities: Net income (loss) $ 26,764 $ (2,094) $ 46,077 $ 41,347 Adjustments to reconcile net income to net cash (used for) provided by operating activities: Depreciation and amortization 15,771 14,732 60,832 56,826 Loss on disposal of assets 553 223 696 5,190 Deferred income taxes 5,716 (707) 17,611 8,442 Stock based compensation 1,399 774 4,902 8,349 Accretion of deferred financing fees 141 107 553 427 Restructuring charges (1,603) 11,020 Changes in assets and liabilities: Accounts and other receivables (26,435) 3,213 (18,990) 54,383 Inventories (6,212) (8,828) (8,375) (35,567) Taxes receivable 1,518 (673) (10,242) (707) Accounts payable 8,602 (7,489) (1,337) (20,333) Accrued liabilities 6,116 (91) 13,892 (4,561) Deferred income and customer advances 21,976 17,748 8,456 (2,860) Other assets and liabilities (8,148) 4,537 (2,228) (1,571) Net cash provided by operating activities 47,761 19,849 111,847 120,385 Cash flows from investing activities: Expenditures for property, plant and equipment (15,355) (43,936) (82,918) (150,322) Other investing activities (287) (600) (1,185) (2,803) Net cash used for investing activities (15,642) (44,536) (84,103) (153,125) Cash flows from financing activities: Borrowings from line of credit 95,500 102,500 364,000 419,250 Payments of line of credit (133,500) (71,500) (386,000) (322,250) Payment of line of credit facility fees (425) Principal payments of finance leases (176) (183) (710) (4,839) Purchase of treasury stock (23) (9,129) (1,055) (62,196) Issuance of common stock 1 2 17 Net cash provided by (used for) financing activities (38,199) 21,689 (24,188) 29,982 Net change in cash and cash equivalents (6,080) (2,998) 3,556 (2,758) Cash and cash equivalents at beginning of period 16,686 10,048 7,050 9,808 Cash and cash equivalents at the end of period $ 10,606 $ 7,050 $ 10,606 $ 7,050 Supplemental non-cash investing activities: Capital expenditures included in accounts payable $ 6,178 $ 21,594 AdvanSix Inc. Non-GAAP Measures (Dollars in thousands) Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow Three Months Ended December 31, Twelve Months Ended December 31, 2020 2019 2020 2019 Net cash provided by operating activities $ 47,761 $ 19,849 $ 111,847 $ 120,385 Expenditures for property, plant and equipment (15,355) (43,936) (82,918) (150,322) Free cash flow (1) $ 32,406 $ (24,087) $ 28,929 $ (29,937) (1) Free cash flow is a non-GAAP measure defined as Net cash provided by operating activities less Expenditures for property, plant and equipment The Company believes that this metric is useful to investors and management as a measure to evaluate our ability to generate cash flow from business operations and the impact that this cash flow has on our liquidity. Reconciliation of Net Income to EBITDA Three Months Ended December 31, Twelve Months Ended December 31, 2020 2019 2020 2019 Net income (loss) $ 26,764 $ (2,094) $ 46,077 $ 41,347 Interest expense, net 1,965 1,727 7,792 5,454 Income tax expense (benefit) 3,999 (1,616) 8,956 12,001 Depreciation and amortization 15,771 14,732 60,832 56,826 EBITDA (2) $ 48,499 $ 12,749 $ 123,657 $ 115,628 One-time Pottsville restructuring charges (3) (1,603) 11,020 EBITDA excluding one-time Pottsville restructuring charges $ 48,499 $ 11,146 $ 123,657 $ 126,648 Sales $ 340,272 $ 326,650 $ 1,157,917 $ 1,297,393 EBITDA margin (4) 14.3% 3.9% 10.7% 8.9% EBITDA margin excluding one-time Pottsville restructuring charges 14.3% 3.4% 10.7% 9.8% (2) EBITDA is a non-GAAP measure defined as Net Income before Interest, Income Taxes, Depreciation and Amortization (3) One-time Pottsville restructuring charges reflect the closure of the Company's Pottsville, Pennsylvania films plant (4) EBITDA margin is defined as EBITDA divided by Sales The Company believes the non-GAAP financial measures presented in this release provide meaningful supplemental information as they are used by the Companys management to evaluate the Companys operating performance, enhance a readers understanding of the financial performance of the Company, and facilitate a better comparison among fiscal periods and performance relative to its competitors, as these non-GAAP measures exclude items that are not considered core to the Companys operations. AdvanSix Inc. Appendix (Pre-tax income impact, Dollars in millions) Planned Plant Turnaround Schedule (5) 1Q 2Q 3Q 4Q FY 2017 ~$10 ~$4 ~$20 ~$34 2018 ~$2 ~$10 ~$30 ~$42 2019 ~$5 ~$5 ~$25 ~$35 2020 ~$2 ~$7 ~$20 ~$2 ~$31 2021E $11-$13 $14-$17 $25-$30 (5) Primarily reflects the impact of fixed cost absorption, maintenance expense, and the purchase of feedstocks which are normally manufactured by the Company.
Answer: | AdvanSix Announces Fourth Quarter and Full Year 2020 Financial Results Strong volume growth, margin improvement and cash flow generation 4Q20 Sales of $340 million, up 4% versus prior year 4Q20 EPS of $0.94, up $1.02 versus the prior year 4Q20 Cash Flow from Operations of $48 million, up $28 million versus prior year | PARSIPPANY, N.J.--(BUSINESS WIRE)--AdvanSix (NYSE: ASIX) today announced its financial results for the fourth quarter and full year ending December 31, 2020. The Company generated improved results across a number of measures in the quarter and for the full year including sales volume, income and cash flow, while mitigating the ongoing impacts of COVID-19. Our strong fourth quarter and full year results demonstrate our team's resilience, perseverance and strength of execution. For the full year, we expanded margins, generated higher earnings and cash flow, and reduced leverage levels as we navigated the challenging macro environment," said Erin Kane, president and CEO of AdvanSix. "Sales volume grew compared to the prior year reflecting the strength of our business model, low-cost position and diversity of our product portfolio. In 2020, we proactively drove approximately $26 million of productivity and cost savings to mitigate the impact of COVID on our business while continuing to invest for future growth in differentiated products and high-return capital projects." Fourth Quarter 2020 Results Summary fourth quarter 2020 financial results for the Company are included below: ($ in Thousands, Except Earnings Per Share) 4Q 2020 4Q 2019 Sales $340,272 $326,650 Net Income (Loss) 26,764 (2,094) Diluted Earnings (Loss) Per Share $0.94 ($0.08) EBITDA (1) 48,499 12,749 EBITDA Margin % (1) 14.3% 3.9% Cash Flow from Operations 47,761 19,849 Free Cash Flow (1)(2) 32,406 (24,087) (1) See Non-GAAP Measures included in this press release for non-GAAP reconciliations (2) Net cash provided by operating activities less capital expenditures Sales of $340.3 million in the quarter increased approximately 4.2% versus the prior year. Sales volume in the quarter increased approximately 7.9% versus the prior year primarily due to higher production output and improved end market demand overall. Raw material pass-through pricing was unfavorable by approximately 4.4% following a net cost decrease in benzene and propylene (inputs to cumene which is a key feedstock to our products). Market-based pricing was favorable by approximately 0.7% compared to the prior year reflecting continued strength in chemical intermediates, particularly acetone, partially offset by our nylon and caprolactam product lines. Sales by product line represented the following approximate percentage of our total sales: 4Q 2020 4Q 2019 FY 2020 FY 2019 Nylon 23% 25% 24% 27% Caprolactam 19% 21% 19% 22% Chemical Intermediates 35% 31% 32% 28% Ammonium Sulfate 23% 23% 25% 23% EBITDA of $48.5 million in the quarter increased $35.8 million versus the prior year primarily due to the net favorable year-over-year impact of planned plant turnarounds (approximately $23 million), higher market-based pricing, productivity and volume, and the net favorable impact of logistics productivity and our realigned cumene supply chain following the 2019 shutdown of cumene supplier Philadelphia Energy Solutions (PES). Earnings per share of $0.94 increased $1.02 versus the prior year driven by the factors discussed above as well as a lower effective tax rate in the quarter versus the prior year primarily driven by an approximately $3.8 million energy tax credit associated with our natural gas boilers investment. Cash flow from operations of $47.8 million in the quarter increased $27.9 million versus the prior year primarily due to higher net income. Capital expenditures of $15.4 million in the quarter decreased $28.6 million versus the prior year following the completion of several large 2019 high-return growth and cost savings investments. The expected approximately $12 million cash tax refund related to the CARES Act remains outstanding and is now anticipated to be received in the first half of 2021. Full Year 2020 Results Summary full year 2020 financial results for the Company are included below: ($ in Thousands, Except Earnings Per Share) FY 2020 FY 2019 Sales $1,157,917 $1,297,393 Net Income 46,077 41,347 Diluted Earnings Per Share $1.64 $1.43 EBITDA (1) 123,657 115,628 EBITDA Margin % (1) 10.7% 8.9% Cash Flow from Operations 111,847 120,385 Free Cash Flow (1)(2) 28,929 (29,937) (1) See Non-GAAP Measures included in this press release for non-GAAP reconciliations (2) Net cash provided by operating activities less capital expenditures Outlook "We are targeting a record year of production output in 2021 supporting higher earnings and robust cash flow while making continued progress on our sustainability initiatives. Our strategic priorities remain consistent as we support continued operational excellence and improving through-cycle profitability, enhancing our portfolio resiliency through differentiated product growth and mix optimization, and being strong and disciplined stewards of capital. We are gaining momentum and remain confident that AdvanSix is well positioned to deliver attractive long-term shareholder value, added Kane. Conference Call Information AdvanSix will discuss its results during its investor conference call today starting at 9:00 a.m. ET. To participate on the conference call, dial (844) 855-9494 (domestic) or (412) 858-4602 (international) approximately 10 minutes before the 9:00 a.m. ET start, and tell the operator that you are dialing in for AdvanSixs fourth quarter 2020 earnings call. The live webcast of the investor call as well as related presentation materials can be accessed at http://investors.advansix.com. Investors can hear a replay of the conference call from 12 noon ET on February 19 until 12 noon ET on February 26 by dialing (877) 344-7529 (domestic) or (412) 317-0088 (international). The access code is 10151025. About AdvanSix AdvanSix plays a critical role in global supply chains, innovating and delivering essential products for our customers in a wide variety of end markets and applications that touch peoples lives, such as building and construction, fertilizers, plastics, solvents, packaging, paints, coatings, adhesives and electronics. Our reliable and sustainable supply of quality products emerges from the vertically integrated value chain of our three U.S.-based manufacturing facilities. AdvanSix strives to deliver best-in-class customer experiences and differentiated products in the industries of nylon solutions, chemical intermediates, and plant nutrients, guided by our core values of Safety, Integrity, Accountability and Respect. More information on AdvanSix can be found at http://www.advansix.com. Forward Looking Statements This release contains certain statements that may be deemed forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, that address activities, events or developments that our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements may be identified by words such as "expect," "anticipate," "estimate," outlook, "project," "strategy," "intend," "plan," "target," "goal," "may," "will," "should" and "believe" and other variations or similar terminology and expressions. Although we believe forward-looking statements are based upon reasonable assumptions, such statements involve known and unknown risks, uncertainties and other factors, many of which are beyond our control and difficult to predict, which may cause the actual results or performance of the Company to be materially different from any future results or performance expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to: general economic and financial conditions in the U.S. and globally, including the impact of the coronavirus (COVID-19) pandemic; the scope and duration of the pandemic and pace of recovery; the timing of the development and distribution of an effective vaccine or treatment for COVID-19; governmental, business and individuals actions in response to the pandemic, including our business continuity and cash optimization plans that have been, and may in the future be, implemented; the impact of social and economic restrictions and other containment measures taken to combat virus transmission; the effect on our customers demand for our products and our suppliers ability to manufacture and deliver our raw materials, including implications of reduced refinery utilization in the U.S.; our ability to sell and provide our goods and services, including as a result of travel and other COVID-19-related restrictions; the ability of our customers to pay for our products; and any closures of our and our customers offices and facilities; risks associated with increased phishing, compromised business emails and other cybersecurity attacks and disruptions to our technology infrastructure; risks associated with employees working remotely or operating with a reduced workforce; risks associated with our indebtedness including compliance with financial and restrictive covenants, and our ability to access capital on reasonable terms, at a reasonable cost or at all due to economic conditions resulting from COVID-19 or otherwise; the impact of scheduled turnarounds and significant unplanned downtime and interruptions of production or logistics operations as a result of mechanical issues or other unanticipated events such as fires, severe weather conditions, natural disasters and pandemics including the COVID-19 pandemic; price fluctuations, cost increases and supply of raw materials; our operations and growth projects requiring substantial capital; growth rates and cyclicality of the industries we serve including global changes in supply and demand; failure to develop and commercialize new products or technologies; loss of significant customer relationships; adverse trade and tax policies; extensive environmental, health and safety laws that apply to our operations; hazards associated with chemical manufacturing, storage and transportation; litigation associated with chemical manufacturing and our business operations generally; inability to acquire and integrate businesses, assets, products or technologies; protection of our intellectual property and proprietary information; prolonged work stoppages as a result of labor difficulties or otherwise; cybersecurity, data privacy incidents and disruptions to our technology infrastructure; failure to maintain effective internal controls; disruptions in transportation and logistics; our inability to achieve some or all of the anticipated benefits of our spin-off including uncertainty regarding qualification for expected tax treatment; fluctuations in our stock price; and changes in laws or regulations applicable to our business. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. We identify the principal risks and uncertainties that affect our performance in our filings with the Securities and Exchange Commission (SEC), including the risk factors in Part 1, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2019, as updated in subsequent reports filed with the SEC. Non-GAAP Financial Measures This press release includes certain non-GAAP financial measures intended to supplement, not to act as substitutes for, comparable GAAP measures. Reconciliations of non-GAAP financial measures to GAAP financial measures are provided in this press release. Investors are urged to consider carefully the comparable GAAP measures and the reconciliations to those measures provided. Non-GAAP measures in this press release may be calculated in a way that is not comparable to similarly-titled measures reported by other companies. AdvanSix Inc. Consolidated Balance Sheets (Unaudited) (Dollars in thousands, except share and per share amounts) December 31, 2020 December 31, 2019 ASSETS Current assets: Cash and cash equivalents $ 10,606 $ 7,050 Accounts and other receivables net 123,554 104,613 Inventories net 180,085 171,710 Taxes receivable 12,289 2,047 Other current assets 6,969 5,117 Total current assets 333,503 290,537 Property, plant and equipment net 765,469 755,881 Operating lease right-of-use assets 114,484 135,985 Goodwill 15,005 15,005 Other assets 34,946 38,561 Total assets $ 1,263,407 $ 1,235,969 LIABILITIES Current liabilities: Accounts payable $ 190,227 $ 205,911 Accrued liabilities 41,152 28,114 Operating lease liabilities short-term 29,279 38,005 Deferred income and customer advances 26,379 19,696 Total current liabilities 287,037 291,726 Deferred income taxes 125,575 110,071 Operating lease liabilities long-term 85,605 98,347 Line of credit long-term 275,000 297,000 Postretirement benefit obligations 39,168 32,410 Other liabilities 6,899 5,537 Total liabilities 819,284 835,091 STOCKHOLDERS' EQUITY Common stock, par value $0.01; 200,000,000 shares authorized; 31,627,139 shares issued and 28,033,227 outstanding at December 31, 2020; 31,423,898 shares issued and 27,914,777 outstanding at December 31, 2019 316 314 Preferred stock, par value $0.01; 50,000,000 shares authorized; 0 shares issued and outstanding at December 31, 2020 and 2019 Treasury stock at par (3,593,912 shares at December 31, 2020; 3,509,121 shares at December 31, 2019) (36) (35) Additional paid-in capital 184,732 180,884 Retained earnings 275,243 229,166 Accumulated other comprehensive loss (16,132) (9,451) Total stockholders' equity 444,123 400,878 Total liabilities and stockholders' equity $ 1,263,407 $ 1,235,969 AdvanSix Inc. Consolidated Statements of Operations (Unaudited) (Dollars in thousands, except share and per share amounts) Three Months Ended December 31, Twelve Months Ended December 31, 2020 2019 2020 2019 Sales $ 340,272 $ 326,650 $ 1,157,917 $ 1,297,393 Costs, expenses and other: Costs of goods sold 287,664 311,790 1,024,169 1,161,921 Selling, general and administrative expenses 20,042 16,692 70,870 75,375 Interest expense, net 1,965 1,727 7,792 5,454 Other non-operating expense (income), net (162) 151 53 1,295 Total costs, expenses and other 309,509 330,360 1,102,884 1,244,045 Income (loss) before taxes 30,763 (3,710) 55,033 53,348 Income tax expense (benefit) 3,999 (1,616) 8,956 12,001 Net income (loss) $ 26,764 $ (2,094) $ 46,077 $ 41,347 Earnings (loss) per common share Basic $ 0.95 $ (0.08) $ 1.64 $ 1.47 Diluted $ 0.94 $ (0.08) $ 1.64 $ 1.43 Weighted average common shares outstanding Basic 28,081,709 27,913,171 28,048,726 28,122,288 Diluted 28,349,870 27,913,171 28,157,062 28,898,836 AdvanSix Inc. Consolidated Statements of Cash Flows (Unaudited) (Dollars in thousands) Three Months Ended December 31, Twelve Months Ended December 31, 2020 2019 2020 2019 Cash flows from operating activities: Net income (loss) $ 26,764 $ (2,094) $ 46,077 $ 41,347 Adjustments to reconcile net income to net cash (used for) provided by operating activities: Depreciation and amortization 15,771 14,732 60,832 56,826 Loss on disposal of assets 553 223 696 5,190 Deferred income taxes 5,716 (707) 17,611 8,442 Stock based compensation 1,399 774 4,902 8,349 Accretion of deferred financing fees 141 107 553 427 Restructuring charges (1,603) 11,020 Changes in assets and liabilities: Accounts and other receivables (26,435) 3,213 (18,990) 54,383 Inventories (6,212) (8,828) (8,375) (35,567) Taxes receivable 1,518 (673) (10,242) (707) Accounts payable 8,602 (7,489) (1,337) (20,333) Accrued liabilities 6,116 (91) 13,892 (4,561) Deferred income and customer advances 21,976 17,748 8,456 (2,860) Other assets and liabilities (8,148) 4,537 (2,228) (1,571) Net cash provided by operating activities 47,761 19,849 111,847 120,385 Cash flows from investing activities: Expenditures for property, plant and equipment (15,355) (43,936) (82,918) (150,322) Other investing activities (287) (600) (1,185) (2,803) Net cash used for investing activities (15,642) (44,536) (84,103) (153,125) Cash flows from financing activities: Borrowings from line of credit 95,500 102,500 364,000 419,250 Payments of line of credit (133,500) (71,500) (386,000) (322,250) Payment of line of credit facility fees (425) Principal payments of finance leases (176) (183) (710) (4,839) Purchase of treasury stock (23) (9,129) (1,055) (62,196) Issuance of common stock 1 2 17 Net cash provided by (used for) financing activities (38,199) 21,689 (24,188) 29,982 Net change in cash and cash equivalents (6,080) (2,998) 3,556 (2,758) Cash and cash equivalents at beginning of period 16,686 10,048 7,050 9,808 Cash and cash equivalents at the end of period $ 10,606 $ 7,050 $ 10,606 $ 7,050 Supplemental non-cash investing activities: Capital expenditures included in accounts payable $ 6,178 $ 21,594 AdvanSix Inc. Non-GAAP Measures (Dollars in thousands) Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow Three Months Ended December 31, Twelve Months Ended December 31, 2020 2019 2020 2019 Net cash provided by operating activities $ 47,761 $ 19,849 $ 111,847 $ 120,385 Expenditures for property, plant and equipment (15,355) (43,936) (82,918) (150,322) Free cash flow (1) $ 32,406 $ (24,087) $ 28,929 $ (29,937) (1) Free cash flow is a non-GAAP measure defined as Net cash provided by operating activities less Expenditures for property, plant and equipment The Company believes that this metric is useful to investors and management as a measure to evaluate our ability to generate cash flow from business operations and the impact that this cash flow has on our liquidity. Reconciliation of Net Income to EBITDA Three Months Ended December 31, Twelve Months Ended December 31, 2020 2019 2020 2019 Net income (loss) $ 26,764 $ (2,094) $ 46,077 $ 41,347 Interest expense, net 1,965 1,727 7,792 5,454 Income tax expense (benefit) 3,999 (1,616) 8,956 12,001 Depreciation and amortization 15,771 14,732 60,832 56,826 EBITDA (2) $ 48,499 $ 12,749 $ 123,657 $ 115,628 One-time Pottsville restructuring charges (3) (1,603) 11,020 EBITDA excluding one-time Pottsville restructuring charges $ 48,499 $ 11,146 $ 123,657 $ 126,648 Sales $ 340,272 $ 326,650 $ 1,157,917 $ 1,297,393 EBITDA margin (4) 14.3% 3.9% 10.7% 8.9% EBITDA margin excluding one-time Pottsville restructuring charges 14.3% 3.4% 10.7% 9.8% (2) EBITDA is a non-GAAP measure defined as Net Income before Interest, Income Taxes, Depreciation and Amortization (3) One-time Pottsville restructuring charges reflect the closure of the Company's Pottsville, Pennsylvania films plant (4) EBITDA margin is defined as EBITDA divided by Sales The Company believes the non-GAAP financial measures presented in this release provide meaningful supplemental information as they are used by the Companys management to evaluate the Companys operating performance, enhance a readers understanding of the financial performance of the Company, and facilitate a better comparison among fiscal periods and performance relative to its competitors, as these non-GAAP measures exclude items that are not considered core to the Companys operations. AdvanSix Inc. Appendix (Pre-tax income impact, Dollars in millions) Planned Plant Turnaround Schedule (5) 1Q 2Q 3Q 4Q FY 2017 ~$10 ~$4 ~$20 ~$34 2018 ~$2 ~$10 ~$30 ~$42 2019 ~$5 ~$5 ~$25 ~$35 2020 ~$2 ~$7 ~$20 ~$2 ~$31 2021E $11-$13 $14-$17 $25-$30 (5) Primarily reflects the impact of fixed cost absorption, maintenance expense, and the purchase of feedstocks which are normally manufactured by the Company. |
edtsum502 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: LOS ANGELES, April 26, 2021 /PRNewswire/ --Eight Ray Talent Agency, formerly known as Eight Ray Agency proudly announces the start of their new talent enterprise beginning June 2021. The exciting move into talent management brings a new and exciting arm to the portfolio of the public relations agency. Continue Reading Logo Founded by Elton Qualls-Harris in 2017, Eight Ray Talent Agency will continue to encompass all the elements the boutique public relations agency is known for. Talent will have a full service public relations team that provide them with a wide variety of services from press release writing to brand placement and influencer marketing. Having a keen eye for what is fresh and upcoming in the realm of public relations and marketing, the agency also specializes in social media marketing. ERTA develops intelligent online strategies that give brands the visibility they deserve. By adding talent management and an industry bootcamp into their diversified mix of services, Eight Ray Talent Agency will become a full service option for brands and talent looking to maximize exposure. Working hard for their clients and aiming to provide the best service possible, the agency is currently securing brand deals for their talent with major companies such as Pretty Little Thing, ThreadBeast, Nike, J Lab Audio, SHEINand more. June 2021 is an exciting time for Eight Ray Talent Agency as they will begin their search for a variety of new talent. Top talent will be selected and offered a 1 year exclusive contract. For more details check www.eightrayagency.comfor updates.Related FilesCEO Elton Qualls-Harris.jpgEight Ray Talent Agency CEO with Tyler Jacob.JPGRelated Imageseight-ray-agency.jpg Eight Ray Agency Logo SOURCE Eight Ray Talent Agency
Answer: | Eight Ray Agency to Launch Talent Management Service in June Eight Ray Talent Agency introduces artist development & media training bootcamp | LOS ANGELES, April 26, 2021 /PRNewswire/ --Eight Ray Talent Agency, formerly known as Eight Ray Agency proudly announces the start of their new talent enterprise beginning June 2021. The exciting move into talent management brings a new and exciting arm to the portfolio of the public relations agency. Continue Reading Logo Founded by Elton Qualls-Harris in 2017, Eight Ray Talent Agency will continue to encompass all the elements the boutique public relations agency is known for. Talent will have a full service public relations team that provide them with a wide variety of services from press release writing to brand placement and influencer marketing. Having a keen eye for what is fresh and upcoming in the realm of public relations and marketing, the agency also specializes in social media marketing. ERTA develops intelligent online strategies that give brands the visibility they deserve. By adding talent management and an industry bootcamp into their diversified mix of services, Eight Ray Talent Agency will become a full service option for brands and talent looking to maximize exposure. Working hard for their clients and aiming to provide the best service possible, the agency is currently securing brand deals for their talent with major companies such as Pretty Little Thing, ThreadBeast, Nike, J Lab Audio, SHEINand more. June 2021 is an exciting time for Eight Ray Talent Agency as they will begin their search for a variety of new talent. Top talent will be selected and offered a 1 year exclusive contract. For more details check www.eightrayagency.comfor updates.Related FilesCEO Elton Qualls-Harris.jpgEight Ray Talent Agency CEO with Tyler Jacob.JPGRelated Imageseight-ray-agency.jpg Eight Ray Agency Logo SOURCE Eight Ray Talent Agency |
edtsum503 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (GPM), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Renewable Energy Group, Inc. (Renewable Energy or the Company) (NASDAQ: REGI) investors concerning the Company and its officers possible violations of the federal securities laws. If you suffered a loss on your Renewable Energy investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/renewable-energy-group-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights. On February 25, 2021, after the market closed, Renewable Energy issued a press release announcing its fourth quarter and full year 2020 financial results. Therein, the Company revealed that it would restate $38.2 million in cumulative revenue from January 2018 through September 30, 2020 because Renewable Energy was not the proper claimant for certain BTC [biodiesel mixture excise tax credits] payments on biodiesel it sold between January 1, 2017 and September 30, 2020. Renewable Energy further stated that it had reached an agreement with the Internal Revenue Service on a $40.5 million assessment, excluding interest to correct these claims. On this news, the Companys stock price fell as much as 9% during intraday trading on February 26, 2021. Follow us for updates on LinkedIn, Twitter, or Facebook. Whistleblower Notice: Persons with non-public information regarding Renewable Energy should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email shareholders@glancylaw.com. About GPM Glancy Prongay & Murray LLP is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation. ISS Securities Class Action Services has consistently ranked GPM in its annual SCAS Top 50 Report. In 2018, GPM was ranked a top five law firm in number of securities class action settlements, and a top six law firm for total dollar size of settlements. With four offices across the country, GPMs nearly 40 attorneys have won groundbreaking rulings and recovered billions of dollars for investors and consumers in securities, antitrust, consumer, and employment class actions. GPMs lawyers have handled cases covering a wide spectrum of corporate misconduct including cases involving financial restatements, internal control weaknesses, earnings management, fraudulent earnings guidance and forward looking statements, auditor misconduct, insider trading, violations of FDA regulations, actions resulting in FDA and DOJ investigations, and many other forms of corporate misconduct. GPMs attorneys have worked on securities cases relating to nearly all industries and sectors in the financial markets, including, energy, consumer discretionary, consumer staples, real estate and REITs, financial, insurance, information technology, health care, biotech, cryptocurrency, medical devices, and many more. GPMs past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barrons, Investors Business Daily, Forbes, and Money. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Answer: | Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Renewable Energy Group Inc. (REGI) on Behalf of Investors | LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (GPM), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Renewable Energy Group, Inc. (Renewable Energy or the Company) (NASDAQ: REGI) investors concerning the Company and its officers possible violations of the federal securities laws. If you suffered a loss on your Renewable Energy investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/renewable-energy-group-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights. On February 25, 2021, after the market closed, Renewable Energy issued a press release announcing its fourth quarter and full year 2020 financial results. Therein, the Company revealed that it would restate $38.2 million in cumulative revenue from January 2018 through September 30, 2020 because Renewable Energy was not the proper claimant for certain BTC [biodiesel mixture excise tax credits] payments on biodiesel it sold between January 1, 2017 and September 30, 2020. Renewable Energy further stated that it had reached an agreement with the Internal Revenue Service on a $40.5 million assessment, excluding interest to correct these claims. On this news, the Companys stock price fell as much as 9% during intraday trading on February 26, 2021. Follow us for updates on LinkedIn, Twitter, or Facebook. Whistleblower Notice: Persons with non-public information regarding Renewable Energy should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email shareholders@glancylaw.com. About GPM Glancy Prongay & Murray LLP is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation. ISS Securities Class Action Services has consistently ranked GPM in its annual SCAS Top 50 Report. In 2018, GPM was ranked a top five law firm in number of securities class action settlements, and a top six law firm for total dollar size of settlements. With four offices across the country, GPMs nearly 40 attorneys have won groundbreaking rulings and recovered billions of dollars for investors and consumers in securities, antitrust, consumer, and employment class actions. GPMs lawyers have handled cases covering a wide spectrum of corporate misconduct including cases involving financial restatements, internal control weaknesses, earnings management, fraudulent earnings guidance and forward looking statements, auditor misconduct, insider trading, violations of FDA regulations, actions resulting in FDA and DOJ investigations, and many other forms of corporate misconduct. GPMs attorneys have worked on securities cases relating to nearly all industries and sectors in the financial markets, including, energy, consumer discretionary, consumer staples, real estate and REITs, financial, insurance, information technology, health care, biotech, cryptocurrency, medical devices, and many more. GPMs past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barrons, Investors Business Daily, Forbes, and Money. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. |
edtsum504 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, June 11, 2020 /PRNewswire/ -- A new online math learning program from McGraw Hill makes it easy and affordable for students and adult learners to prepare for their math placement test, get extra help over the summer, or refresh their skills before returning to college. ALEKS MathReady is a direct-to-student version of McGraw Hill's personalized ALEKS program that is used by millions of K-12 and college students to accelerate their math learning and help them succeed in their courses. It is only $9.95 for the first month, $24.95 for three months, and $19.95 for each additional month after that. (PRNewsfoto/McGraw Hill) For students entering college, math placement and college level math courses can be a challenge and are among the contributing reasons thatstudents fall behind or drop out. College mathcourses often have high failure rates, largely because many new college students lack the foundational math skills needed to be successful. For some, a trusted tutor is a proven model for learning math and reducing math anxiety, yet the high cost of tutoringand scheduling tutorial sessions are barriers.ALEKS MathReady is an affordable alternative for those who are looking for math support. ALEKS MathReady is a self-paced, online math learning program that is rooted in research and analytics.ALEKSefficiently guides learning by identifyingwhat topics students don't knowand then focusing them onpracticing topics they are ready to learnnext.With this personalized learning approach, students learn and retain topics efficiently with real-time feedback to keep them motivated and engaged, while reaching their goals. For more information about ALEKS MathReady or to sign up for access, visit: http://bit.ly/ALEKSMathReady ALEKS MathReady is ideal for: The COVID slide For students whose learning has been disrupted and need to refresh their math skills before taking a math course or placement test in the fall. Summer retention For students that want to retain skills during the summer or between semesters without taking a formal math class. Returning adult learners For people retraining for a new career or returning to school who need to acquire foundational math skills or prep for a career, course or college. Remediation For students who failed a course and want to get help between semesters. "By remediating during the summer or between terms, students and their parents can ensure their tuition investment has a strong return, avoid wasting money taking courses they don't need and complete their coursework with confidence," said Kathleen McMahon, VP of Portfolio Management for Science, Engineering & Mathematics at McGraw Hill. "With ALEKS MathReady, students will be better prepared to pass their college classes and stay on track to meet their career goals."ALEKS MathReady is part of McGraw Hill's commitment to Affordability & Outcomes in higher education, ensuring students get affordable access to learning science-based programs that support successful outcomes for all learners, regardless of their prior knowledge or background. "ALEKS saved me by helping me succeed in math," said Adrian Hernandez, a recent graduate of Triton College who will be starting at the University of Illinois, Chicago in the fall. "If I had access to ALEKS before starting college, my whole college math trajectory would have been different.Now that students can access ALEKS MathReady outside of their classes at a very reasonable price, that will really help them."For over 20 years, ALEKS has served millions ofK-12 and college-level math students, with more than 5.2 million unique student users in the last year alone.In 2019 and 2020, ALEKS won a total of five CODiE Awards forbest-in-class online learning solutions in math and science, best summative and formative assessment and best college and career readiness programs. With ALEKS, students have an affordable option to unlock their math potential and ensure they are ready for asuccessful college experience.McGraw Hill McGraw Hill is a learning science company that delivers personalized learning experiences that drive results for students, parents, educators and professionals. We focus on educational equity, affordability and learning success to help learners build better lives. Headquartered in New York City, McGraw Hill has offices across North America, Asia, Australia, Europe, the Middle East and South America, and makes its learning solutions for PreK-12, higher education, professionals and others available in more than 75 languages.Visit us atmheducation.comor find us onFacebook,Instagram,LinkedInorTwitter.Contact: Tyler Reed McGraw Hill (704) 408-6969 [emailprotected]SOURCE McGraw Hill
Answer: | Stop the Summer Slide with Affordable Online Math Program Shown to Close Skill Gaps Only $9.95 for the first month, McGraw Hill's ALEKS MathReady helps incoming and current college students quickly refresh their math skills - no matter their starting point | NEW YORK, June 11, 2020 /PRNewswire/ -- A new online math learning program from McGraw Hill makes it easy and affordable for students and adult learners to prepare for their math placement test, get extra help over the summer, or refresh their skills before returning to college. ALEKS MathReady is a direct-to-student version of McGraw Hill's personalized ALEKS program that is used by millions of K-12 and college students to accelerate their math learning and help them succeed in their courses. It is only $9.95 for the first month, $24.95 for three months, and $19.95 for each additional month after that. (PRNewsfoto/McGraw Hill) For students entering college, math placement and college level math courses can be a challenge and are among the contributing reasons thatstudents fall behind or drop out. College mathcourses often have high failure rates, largely because many new college students lack the foundational math skills needed to be successful. For some, a trusted tutor is a proven model for learning math and reducing math anxiety, yet the high cost of tutoringand scheduling tutorial sessions are barriers.ALEKS MathReady is an affordable alternative for those who are looking for math support. ALEKS MathReady is a self-paced, online math learning program that is rooted in research and analytics.ALEKSefficiently guides learning by identifyingwhat topics students don't knowand then focusing them onpracticing topics they are ready to learnnext.With this personalized learning approach, students learn and retain topics efficiently with real-time feedback to keep them motivated and engaged, while reaching their goals. For more information about ALEKS MathReady or to sign up for access, visit: http://bit.ly/ALEKSMathReady ALEKS MathReady is ideal for: The COVID slide For students whose learning has been disrupted and need to refresh their math skills before taking a math course or placement test in the fall. Summer retention For students that want to retain skills during the summer or between semesters without taking a formal math class. Returning adult learners For people retraining for a new career or returning to school who need to acquire foundational math skills or prep for a career, course or college. Remediation For students who failed a course and want to get help between semesters. "By remediating during the summer or between terms, students and their parents can ensure their tuition investment has a strong return, avoid wasting money taking courses they don't need and complete their coursework with confidence," said Kathleen McMahon, VP of Portfolio Management for Science, Engineering & Mathematics at McGraw Hill. "With ALEKS MathReady, students will be better prepared to pass their college classes and stay on track to meet their career goals."ALEKS MathReady is part of McGraw Hill's commitment to Affordability & Outcomes in higher education, ensuring students get affordable access to learning science-based programs that support successful outcomes for all learners, regardless of their prior knowledge or background. "ALEKS saved me by helping me succeed in math," said Adrian Hernandez, a recent graduate of Triton College who will be starting at the University of Illinois, Chicago in the fall. "If I had access to ALEKS before starting college, my whole college math trajectory would have been different.Now that students can access ALEKS MathReady outside of their classes at a very reasonable price, that will really help them."For over 20 years, ALEKS has served millions ofK-12 and college-level math students, with more than 5.2 million unique student users in the last year alone.In 2019 and 2020, ALEKS won a total of five CODiE Awards forbest-in-class online learning solutions in math and science, best summative and formative assessment and best college and career readiness programs. With ALEKS, students have an affordable option to unlock their math potential and ensure they are ready for asuccessful college experience.McGraw Hill McGraw Hill is a learning science company that delivers personalized learning experiences that drive results for students, parents, educators and professionals. We focus on educational equity, affordability and learning success to help learners build better lives. Headquartered in New York City, McGraw Hill has offices across North America, Asia, Australia, Europe, the Middle East and South America, and makes its learning solutions for PreK-12, higher education, professionals and others available in more than 75 languages.Visit us atmheducation.comor find us onFacebook,Instagram,LinkedInorTwitter.Contact: Tyler Reed McGraw Hill (704) 408-6969 [emailprotected]SOURCE McGraw Hill |
edtsum505 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: HOUSTON, June 12, 2020 /PRNewswire/ -- CITGO Petroleum Corporation ("CITGO") today reported its first quarter 2020 performance results, including a net loss of $159 million and an adjusted EBITDA1 of $38 million excluding the effect of special items. The onset of the COVID-19 pandemic combined with crude oil demand destruction were drivers behind the Company's first quarter results and impacted the industry as a whole. The first quarter net loss was particularly affected by the lower of cost or market ("LCM") inventory valuation adjustment, a result of rapidly falling crude oil prices affecting refiners across the industry. "The LCM adjustment resulted in a non-cash loss that had no impact on CITGO's overall liquidity," said CITGO President and CEO Carlos Jord. "Our management team will continue monitoring the economic environment closely, using the flexibility of our refineries and the diversification of the markets where we operate to adjust our product slate and refinery runs while continuing to evaluate additional cost reductions." First quarter operational and performance highlights: Turnaround activity Maintained existing turnaround plans Refinery throughput Total refinery throughput in the first quarter was 764,000 bpd, including 114,000 bpd of intermediate feedstocks, resulting in an overall crude utilization of 91%. Exports First quarter refined products exports averaged 181,000 bpd. Operational excellence CITGO refineries continue to be recognized for outstanding performance. The Lemont refinery recently received the American Fuel and Petrochemical Manufacturers (AFPM) Elite Gold Safety Award in recognition of top industry safety performance and excellence in program innovation and leadership. The CITGO Corpus Christi refinery earned the 2019 Energy Star designation from the U.S. EPA. Special items Several one-time or special items impacted our net loss in the first quarter 2020. The net loss was primarily driven by LCM adjustment of approximately $332 million. This impact was partially offset by an approximately $172 million insurance recovery gain related to the previously incurred costs related to the Athos matter and an approximately $48 million tax benefit as a result of certain Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act") provisions. Second Quarter Strategic Update:CITGO is actively responding to the extremely challenging economic conditions with the following strategic initiatives: Refinancing - On June 9, 2020, CITGO successfully refinanced its 2021 Term Loan B with proceeds of a private offering of 7.00% senior secured notes due 2025. The notes offering was oversubscribed, allowing CITGO to upsize the offering to $1.125 billion. Continued turnarounds - CITGO continued with its existing turnaround plans at the Lake Charles and Lemont refineries after developing and implementing strict COVID-19 safety protocols, which allows the company to take advantage of the low demand environment. Liquidity management - CITGO is targeting a 10% reduction of its 2020 capital expenditures and is taking steps to reduce 2020 planned annual operating expenses by approximately 10%-15%. Industry Overview:In a May meeting with the CITGO entities' ultimate shareholder, the PDVSA adhoc board, CITGO Board Chairwoman Luisa Palacios detailed the broader economic and market forces driving the first quarter environment. COVID-19 and its development into a pandemic in March 2020 resulted in significant economic disruption, as the U.S. economy contracted nearly 5%, U.S. equity markets fell sharply, crude oil prices fell by 65% from the middle of March to end of May, and significant restrictions on travel and work severely impacted demand for gasoline, diesel and jet fuel. April marked the month with the largest refined products demand destruction of 38.5% in comparison to the same month in the previous year. The economic disruption led to a collapse of margins for petroleum products with the gasoline crack turning negative, a development not seen since the 2008 credit crisis. This led to a significant cut in refining capacity utilization globally and in the United States since March. U.S. refinery utilization fell to a low of 68% and since has recovered to 72%. With demand disappearing, inventories for refined products and crude have risen dramatically, and while the industry has avoided reaching tank tops, inventories are now at historically high levels and will need to work themselves through in order for a healthy margin environment to return. Analysts expect the refining sector will see the worst of the crisis in the second quarter of 2020. However, as all states have recently lifted stay-at-home orders, analysts expect a gradual recovery in demand in the second half of 2020. In such an environment, gasoline demand is expected to lead the recovery, while the health of distillate demand will be connected to the recovery of GDP growth, and jet demand is expected to lag. Current positive expectations about the second half of 2020 rest on assumptions that a demand recovery will lift refinery runs and refinery margins. However, these expectations depend on continued avoidance of a significant resurgence of COVID-19 as social distancing requirements ease. Palacios pointed to the concrete, proactive steps taken by CITGO to ensure the company is well-positioned to weather current economic conditions and seize the initiative when markets improve. "We believe CITGO has proactively prepared itself for a stress scenario by reducing operating and capital costs, tapping the markets to obtain additional liquidity, and proceeding with planned maintenance activities in the second quarter while the opportunity cost and demand levels are low," said Palacios. About CITGOHeadquartered inHouston, Texas, CITGO Petroleum Corporation is a recognized leader in the refining industry with a well-known brand. CITGO operates three refineries located inCorpus Christi, Texas;Lake Charles, La.; andLemont, Ill., and wholly and/or jointly owns 48 terminals, ten pipelines and three lubricants blending and packaging plants. With approximately 3,400 employees and a combined crude capacity of approximately 769,000 barrels-per-day (bpd), CITGO is ranked as the fifth-largest, and one of the most complex independent refiners inthe United States. CITGO transports and markets transportation fuels, lubricants, petrochemicals and other industrial products and supplies a network of approximately 4,700 locally owned and operated branded retail outlets in 30 states and theDistrict of Columbia. CITGO Petroleum Corporation is owned by CITGO Holding, Inc. For more information, visitwww.CITGO.com. Forward-Looking Statements Certain information included in this release may be deemed to be "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, expectations regarding the proposed notes offering and the use of proceeds therefrom. These statements also relate to our industry, business strategy, goals and expectations concerning our market position and future operations. We have used the words "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "will," "would" and similar terms and phrases to identify forward-looking statements, which speak only as of the date of this release. Any forward-looking statements are not guarantees of future events and are subject to risks and uncertainties that could cause actual events, developments and business decisions to differ materially from those contemplated by these forward-looking statements. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical trends, current conditions (including current market conditions), expected future developments and other factors they believe to be appropriate. Although we believe the assumptions upon which these forward-looking statements are based are reasonable, any of these assumptions could prove to be inaccurate, and the forward-looking statements based on these assumptions could be incorrect. In addition, our business and operations involve numerous risks and uncertainties, many of which are beyond our control, which could result in our expectations not being realized or could otherwise materially affect our financial condition, results of operations and cash flows. We caution readers that these forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from the results that are projected, expressed or implied. These risks and uncertainties include, among others, risks related to the effects of the ongoing COVID-19 pandemic, general economic activity, developments in international and domestic petroleum markets, and refinery turnarounds and operations. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this release are made only as of the date of this release. We disclaim any duty to update any forward-looking statements. 1 Adjusted EBITDA is a Non-GAAP financial measure. Please see the reconciliation table below. CITGO PETROLEUM CORPORATION RECONCILIATION OF NET LOSS TO ADJUSTED EBITDA (in millions of U.S. dollars) (unaudited) Three Months Ended March 31, 2020 Net Loss (159) Plus (Less) Interest expense, including finance lease 49 Income tax benefit (98) Depreciation and amortization 156 Amortization of loan origination fees in interest expense (3) Lower of cost or market inventory adjustment 332 Insurance recovery (a) (172) Tax benefit - CARES Act (b) (48) Litigation recovery (c) (19) Adjusted EBITDA 38 (a) Recovery from reinsurer for previously incurred costs related to the Athos matter. (b) Income tax benefits associated with the Coronavirus Aid, Relief, and Economic Security ("CARES") Act. (c) Proceeds received from legal settlements. SOURCE CITGO Corporation Related Links www.citgo.com
Answer: | CITGO Reports First Quarter 2020 Results | HOUSTON, June 12, 2020 /PRNewswire/ -- CITGO Petroleum Corporation ("CITGO") today reported its first quarter 2020 performance results, including a net loss of $159 million and an adjusted EBITDA1 of $38 million excluding the effect of special items. The onset of the COVID-19 pandemic combined with crude oil demand destruction were drivers behind the Company's first quarter results and impacted the industry as a whole. The first quarter net loss was particularly affected by the lower of cost or market ("LCM") inventory valuation adjustment, a result of rapidly falling crude oil prices affecting refiners across the industry. "The LCM adjustment resulted in a non-cash loss that had no impact on CITGO's overall liquidity," said CITGO President and CEO Carlos Jord. "Our management team will continue monitoring the economic environment closely, using the flexibility of our refineries and the diversification of the markets where we operate to adjust our product slate and refinery runs while continuing to evaluate additional cost reductions." First quarter operational and performance highlights: Turnaround activity Maintained existing turnaround plans Refinery throughput Total refinery throughput in the first quarter was 764,000 bpd, including 114,000 bpd of intermediate feedstocks, resulting in an overall crude utilization of 91%. Exports First quarter refined products exports averaged 181,000 bpd. Operational excellence CITGO refineries continue to be recognized for outstanding performance. The Lemont refinery recently received the American Fuel and Petrochemical Manufacturers (AFPM) Elite Gold Safety Award in recognition of top industry safety performance and excellence in program innovation and leadership. The CITGO Corpus Christi refinery earned the 2019 Energy Star designation from the U.S. EPA. Special items Several one-time or special items impacted our net loss in the first quarter 2020. The net loss was primarily driven by LCM adjustment of approximately $332 million. This impact was partially offset by an approximately $172 million insurance recovery gain related to the previously incurred costs related to the Athos matter and an approximately $48 million tax benefit as a result of certain Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act") provisions. Second Quarter Strategic Update:CITGO is actively responding to the extremely challenging economic conditions with the following strategic initiatives: Refinancing - On June 9, 2020, CITGO successfully refinanced its 2021 Term Loan B with proceeds of a private offering of 7.00% senior secured notes due 2025. The notes offering was oversubscribed, allowing CITGO to upsize the offering to $1.125 billion. Continued turnarounds - CITGO continued with its existing turnaround plans at the Lake Charles and Lemont refineries after developing and implementing strict COVID-19 safety protocols, which allows the company to take advantage of the low demand environment. Liquidity management - CITGO is targeting a 10% reduction of its 2020 capital expenditures and is taking steps to reduce 2020 planned annual operating expenses by approximately 10%-15%. Industry Overview:In a May meeting with the CITGO entities' ultimate shareholder, the PDVSA adhoc board, CITGO Board Chairwoman Luisa Palacios detailed the broader economic and market forces driving the first quarter environment. COVID-19 and its development into a pandemic in March 2020 resulted in significant economic disruption, as the U.S. economy contracted nearly 5%, U.S. equity markets fell sharply, crude oil prices fell by 65% from the middle of March to end of May, and significant restrictions on travel and work severely impacted demand for gasoline, diesel and jet fuel. April marked the month with the largest refined products demand destruction of 38.5% in comparison to the same month in the previous year. The economic disruption led to a collapse of margins for petroleum products with the gasoline crack turning negative, a development not seen since the 2008 credit crisis. This led to a significant cut in refining capacity utilization globally and in the United States since March. U.S. refinery utilization fell to a low of 68% and since has recovered to 72%. With demand disappearing, inventories for refined products and crude have risen dramatically, and while the industry has avoided reaching tank tops, inventories are now at historically high levels and will need to work themselves through in order for a healthy margin environment to return. Analysts expect the refining sector will see the worst of the crisis in the second quarter of 2020. However, as all states have recently lifted stay-at-home orders, analysts expect a gradual recovery in demand in the second half of 2020. In such an environment, gasoline demand is expected to lead the recovery, while the health of distillate demand will be connected to the recovery of GDP growth, and jet demand is expected to lag. Current positive expectations about the second half of 2020 rest on assumptions that a demand recovery will lift refinery runs and refinery margins. However, these expectations depend on continued avoidance of a significant resurgence of COVID-19 as social distancing requirements ease. Palacios pointed to the concrete, proactive steps taken by CITGO to ensure the company is well-positioned to weather current economic conditions and seize the initiative when markets improve. "We believe CITGO has proactively prepared itself for a stress scenario by reducing operating and capital costs, tapping the markets to obtain additional liquidity, and proceeding with planned maintenance activities in the second quarter while the opportunity cost and demand levels are low," said Palacios. About CITGOHeadquartered inHouston, Texas, CITGO Petroleum Corporation is a recognized leader in the refining industry with a well-known brand. CITGO operates three refineries located inCorpus Christi, Texas;Lake Charles, La.; andLemont, Ill., and wholly and/or jointly owns 48 terminals, ten pipelines and three lubricants blending and packaging plants. With approximately 3,400 employees and a combined crude capacity of approximately 769,000 barrels-per-day (bpd), CITGO is ranked as the fifth-largest, and one of the most complex independent refiners inthe United States. CITGO transports and markets transportation fuels, lubricants, petrochemicals and other industrial products and supplies a network of approximately 4,700 locally owned and operated branded retail outlets in 30 states and theDistrict of Columbia. CITGO Petroleum Corporation is owned by CITGO Holding, Inc. For more information, visitwww.CITGO.com. Forward-Looking Statements Certain information included in this release may be deemed to be "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, expectations regarding the proposed notes offering and the use of proceeds therefrom. These statements also relate to our industry, business strategy, goals and expectations concerning our market position and future operations. We have used the words "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "will," "would" and similar terms and phrases to identify forward-looking statements, which speak only as of the date of this release. Any forward-looking statements are not guarantees of future events and are subject to risks and uncertainties that could cause actual events, developments and business decisions to differ materially from those contemplated by these forward-looking statements. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical trends, current conditions (including current market conditions), expected future developments and other factors they believe to be appropriate. Although we believe the assumptions upon which these forward-looking statements are based are reasonable, any of these assumptions could prove to be inaccurate, and the forward-looking statements based on these assumptions could be incorrect. In addition, our business and operations involve numerous risks and uncertainties, many of which are beyond our control, which could result in our expectations not being realized or could otherwise materially affect our financial condition, results of operations and cash flows. We caution readers that these forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from the results that are projected, expressed or implied. These risks and uncertainties include, among others, risks related to the effects of the ongoing COVID-19 pandemic, general economic activity, developments in international and domestic petroleum markets, and refinery turnarounds and operations. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this release are made only as of the date of this release. We disclaim any duty to update any forward-looking statements. 1 Adjusted EBITDA is a Non-GAAP financial measure. Please see the reconciliation table below. CITGO PETROLEUM CORPORATION RECONCILIATION OF NET LOSS TO ADJUSTED EBITDA (in millions of U.S. dollars) (unaudited) Three Months Ended March 31, 2020 Net Loss (159) Plus (Less) Interest expense, including finance lease 49 Income tax benefit (98) Depreciation and amortization 156 Amortization of loan origination fees in interest expense (3) Lower of cost or market inventory adjustment 332 Insurance recovery (a) (172) Tax benefit - CARES Act (b) (48) Litigation recovery (c) (19) Adjusted EBITDA 38 (a) Recovery from reinsurer for previously incurred costs related to the Athos matter. (b) Income tax benefits associated with the Coronavirus Aid, Relief, and Economic Security ("CARES") Act. (c) Proceeds received from legal settlements. SOURCE CITGO Corporation Related Links www.citgo.com |
edtsum506 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, Aug. 26, 2020 /PRNewswire/ -- Amid the COVID-19 crisis, the global market for Train Lighting estimated at US$329.5 Million in the year 2020, is projected to reach a revised size of US$338.2 Million by 2027, growing at aCAGR of 0.4% over the period 2020-2027. Interior, one of the segments analyzed in the report, is projected to record 0.5% CAGR and reach US$283.1 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Exterior segment is readjusted to a revised -0.1% CAGR for the next 7-year period. Read the full report: https://www.reportlinker.com/p05799825/?utm_source=PRN The U.S. Market is Estimated at $89.5 Million, While China is Forecast to Grow at 1.1% CAGR The Train Lighting market in the U.S. is estimated at US$89.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$60.5 Million by the year 2027 trailing a CAGR of 1.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at -0.4% and 0.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately -0.2% CAGR.We bring years of research experience to this 7th edition of our report. The 285-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed. Competitors identified in this market include, among others, Draxlmaier Group Federal-Mogul Corporation General Electric Company Grupo Antolin-Irausa SA Hitachi Ltd. Koito Manufacturing Co., Ltd. OSRAM GmbH Teknoware Oy Toshiba Corporation Read the full report: https://www.reportlinker.com/p05799825/?utm_source=PRN I. INTRODUCTION, METHODOLOGY & REPORT SCOPE II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW Global Competitor Market Shares Train Lighting Competitor Market Share Scenario Worldwide (in %): 2019 & 2025 Impact of Covid-19 and a Looming Global Recession 2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERS 4. GLOBAL MARKET PERSPECTIVE Table 1: Train Lighting Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027 Table 2: Train Lighting Global Retrospective Market Scenario in US$ Thousand by Region/Country: 2012-2019 Table 3: Train Lighting Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027 Table 4: Interior (Position) World Market by Region/Country in US$ Thousand: 2020 to 2027 Table 5: Interior (Position) Historic Market Analysis by Region/Country in US$ Thousand: 2012 to 2019 Table 6: Interior (Position) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027 Table 7: Exterior (Position) Potential Growth Markets Worldwide in US$ Thousand: 2020 to 2027 Table 8: Exterior (Position) Historic Market Perspective by Region/Country in US$ Thousand: 2012 to 2019 Table 9: Exterior (Position) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027 Table 10: Diesel Locomotive (Rolling Stock) Geographic Market Spread Worldwide in US$ Thousand: 2020 to 2027 Table 11: Diesel Locomotive (Rolling Stock) Region Wise Breakdown of Global Historic Demand in US$ Thousand: 2012 to 2019 Table 12: Diesel Locomotive (Rolling Stock) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027 Table 13: Electric Locomotive (Rolling Stock) World Market Estimates and Forecasts by Region/Country in US$ Thousand: 2020 to 2027 Table 14: Electric Locomotive (Rolling Stock) Market Historic Review by Region/Country in US$ Thousand: 2012 to 2019 Table 15: Electric Locomotive (Rolling Stock) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027 Table 16: Metros (Rolling Stock) World Market by Region/Country in US$ Thousand: 2020 to 2027 Table 17: Metros (Rolling Stock) Historic Market Analysis by Region/Country in US$ Thousand: 2012 to 2019 Table 18: Metros (Rolling Stock) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027 Table 19: Passenger Coaches (Rolling Stock) World Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020 to 2027 Table 20: Passenger Coaches (Rolling Stock) Market Worldwide Historic Review by Region/Country in US$ Thousand: 2012 to 2019 Table 21: Passenger Coaches (Rolling Stock) Market Percentage Share Distribution by Region/Country: 2012 VS 2020 VS 2027 Table 22: Freight Wagon (Rolling Stock) Market Opportunity Analysis Worldwide in US$ Thousand by Region/Country: 2020 to 2027 Table 23: Freight Wagon (Rolling Stock) Global Historic Demand in US$ Thousand by Region/Country: 2012 to 2019 Table 24: Freight Wagon (Rolling Stock) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027 Table 25: Other Rolling Stocks (Rolling Stock) World Market by Region/Country in US$ Thousand: 2020 to 2027 Table 26: Other Rolling Stocks (Rolling Stock) Historic Market Analysis by Region/Country in US$ Thousand: 2012 to 2019 Table 27: Other Rolling Stocks (Rolling Stock) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027 III. MARKET ANALYSIS GEOGRAPHIC MARKET ANALYSIS UNITED STATES Market Facts & Figures US Train Lighting Market Share (in %) by Company: 2019 & 2025 Market Analytics Table 28: United States Train Lighting Market Estimates and Projections in US$ Thousand by Position: 2020 to 2027 Table 29: Train Lighting Market in the United States by Position: A Historic Review in US$ Thousand for 2012-2019 Table 30: United States Train Lighting Market Share Breakdown by Position: 2012 VS 2020 VS 2027 Table 31: United States Train Lighting Market Estimates and Projections in US$ Thousand by Rolling Stock: 2020 to 2027 Table 32: Train Lighting Market in the United States by Rolling Stock: A Historic Review in US$ Thousand for 2012-2019 Table 33: United States Train Lighting Market Share Breakdown by Rolling Stock: 2012 VS 2020 VS 2027 CANADA Table 34: Canadian Train Lighting Market Estimates and Forecasts in US$ Thousand by Position: 2020 to 2027 Table 35: Canadian Train Lighting Historic Market Review by Position in US$ Thousand: 2012-2019 Table 36: Train Lighting Market in Canada: Percentage Share Breakdown of Sales by Position for 2012, 2020, and 2027 Table 37: Canadian Train Lighting Market Estimates and Forecasts in US$ Thousand by Rolling Stock: 2020 to 2027 Table 38: Canadian Train Lighting Historic Market Review by Rolling Stock in US$ Thousand: 2012-2019 Table 39: Train Lighting Market in Canada: Percentage Share Breakdown of Sales by Rolling Stock for 2012, 2020, and 2027 JAPAN Table 40: Japanese Market for Train Lighting: Annual Sales Estimates and Projections in US$ Thousand by Position for the Period 2020-2027 Table 41: Train Lighting Market in Japan: Historic Sales Analysis in US$ Thousand by Position for the Period 2012-2019 Table 42: Japanese Train Lighting Market Share Analysis by Position: 2012 VS 2020 VS 2027 Table 43: Japanese Market for Train Lighting: Annual Sales Estimates and Projections in US$ Thousand by Rolling Stock for the Period 2020-2027 Table 44: Train Lighting Market in Japan: Historic Sales Analysis in US$ Thousand by Rolling Stock for the Period 2012-2019 Table 45: Japanese Train Lighting Market Share Analysis by Rolling Stock: 2012 VS 2020 VS 2027 CHINA Table 46: Chinese Train Lighting Market Growth Prospects in US$ Thousand by Position for the Period 2020-2027 Table 47: Train Lighting Historic Market Analysis in China in US$ Thousand by Position: 2012-2019 Table 48: Chinese Train Lighting Market by Position: Percentage Breakdown of Sales for 2012, 2020, and 2027 Table 49: Chinese Train Lighting Market Growth Prospects in US$ Thousand by Rolling Stock for the Period 2020-2027 Table 50: Train Lighting Historic Market Analysis in China in US$ Thousand by Rolling Stock: 2012-2019 Table 51: Chinese Train Lighting Market by Rolling Stock: Percentage Breakdown of Sales for 2012, 2020, and 2027 EUROPE Market Facts & Figures European Train Lighting Market: Competitor Market Share Scenario (in %) for 2019 & 2025 Market Analytics Table 52: European Train Lighting Market Demand Scenario in US$ Thousand by Region/Country: 2020-2027 Table 53: Train Lighting Market in Europe: A Historic Market Perspective in US$ Thousand by Region/Country for the Period 2012-2019 Table 54: European Train Lighting Market Share Shift by Region/Country: 2012 VS 2020 VS 2027 Table 55: European Train Lighting Market Estimates and Forecasts in US$ Thousand by Position: 2020-2027 Table 56: Train Lighting Market in Europe in US$ Thousand by Position: A Historic Review for the Period 2012-2019 Table 57: European Train Lighting Market Share Breakdown by Position: 2012 VS 2020 VS 2027 Table 58: European Train Lighting Market Estimates and Forecasts in US$ Thousand by Rolling Stock: 2020-2027 Table 59: Train Lighting Market in Europe in US$ Thousand by Rolling Stock: A Historic Review for the Period 2012-2019 Table 60: European Train Lighting Market Share Breakdown by Rolling Stock: 2012 VS 2020 VS 2027 FRANCE Table 61: Train Lighting Market in France by Position: Estimates and Projections in US$ Thousand for the Period 2020-2027 Table 62: French Train Lighting Historic Market Scenario in US$ Thousand by Position: 2012-2019 Table 63: French Train Lighting Market Share Analysis by Position: 2012 VS 2020 VS 2027 Table 64: Train Lighting Market in France by Rolling Stock: Estimates and Projections in US$ Thousand for the Period 2020-2027 Table 65: French Train Lighting Historic Market Scenario in US$ Thousand by Rolling Stock: 2012-2019 Table 66: French Train Lighting Market Share Analysis by Rolling Stock: 2012 VS 2020 VS 2027 GERMANY Table 67: Train Lighting Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Position for the Period 2020-2027 Table 68: German Train Lighting Historic Market Analysis in US$ Thousand by Position: 2012-2019 Table 69: German Train Lighting Market Share Breakdown by Position: 2012 VS 2020 VS 2027 Table 70: Train Lighting Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Rolling Stock for the Period 2020-2027 Table 71: German Train Lighting Historic Market Analysis in US$ Thousand by Rolling Stock: 2012-2019 Table 72: German Train Lighting Market Share Breakdown by Rolling Stock: 2012 VS 2020 VS 2027 ITALY Table 73: Italian Train Lighting Market Growth Prospects in US$ Thousand by Position for the Period 2020-2027 Table 74: Train Lighting Historic Market Analysis in Italy in US$ Thousand by Position: 2012-2019 Table 75: Italian Train Lighting Market by Position: Percentage Breakdown of Sales for 2012, 2020, and 2027 Table 76: Italian Train Lighting Market Growth Prospects in US$ Thousand by Rolling Stock for the Period 2020-2027 Table 77: Train Lighting Historic Market Analysis in Italy in US$ Thousand by Rolling Stock: 2012-2019 Table 78: Italian Train Lighting Market by Rolling Stock: Percentage Breakdown of Sales for 2012, 2020, and 2027 UNITED KINGDOM Table 79: United Kingdom Market for Train Lighting: Annual Sales Estimates and Projections in US$ Thousand by Position for the Period 2020-2027 Table 80: Train Lighting Market in the United Kingdom: Historic Sales Analysis in US$ Thousand by Position for the Period 2012-2019 Table 81: United Kingdom Train Lighting Market Share Analysis by Position: 2012 VS 2020 VS 2027 Table 82: United Kingdom Market for Train Lighting: Annual Sales Estimates and Projections in US$ Thousand by Rolling Stock for the Period 2020-2027 Table 83: Train Lighting Market in the United Kingdom: Historic Sales Analysis in US$ Thousand by Rolling Stock for the Period 2012-2019 Table 84: United Kingdom Train Lighting Market Share Analysis by Rolling Stock: 2012 VS 2020 VS 2027 SPAIN Table 85: Spanish Train Lighting Market Estimates and Forecasts in US$ Thousand by Position: 2020 to 2027 Table 86: Spanish Train Lighting Historic Market Review by Position in US$ Thousand: 2012-2019 Table 87: Train Lighting Market in Spain: Percentage Share Breakdown of Sales by Position for 2012, 2020, and 2027 Table 88: Spanish Train Lighting Market Estimates and Forecasts in US$ Thousand by Rolling Stock: 2020 to 2027 Table 89: Spanish Train Lighting Historic Market Review by Rolling Stock in US$ Thousand: 2012-2019 Table 90: Train Lighting Market in Spain: Percentage Share Breakdown of Sales by Rolling Stock for 2012, 2020, and 2027 RUSSIA Table 91: Russian Train Lighting Market Estimates and Projections in US$ Thousand by Position: 2020 to 2027 Table 92: Train Lighting Market in Russia by Position: A Historic Review in US$ Thousand for 2012-2019 Table 93: Russian Train Lighting Market Share Breakdown by Position: 2012 VS 2020 VS 2027 Table 94: Russian Train Lighting Market Estimates and Projections in US$ Thousand by Rolling Stock: 2020 to 2027 Table 95: Train Lighting Market in Russia by Rolling Stock: A Historic Review in US$ Thousand for 2012-2019 Table 96: Russian Train Lighting Market Share Breakdown by Rolling Stock: 2012 VS 2020 VS 2027 REST OF EUROPE Table 97: Rest of Europe Train Lighting Market Estimates and Forecasts in US$ Thousand by Position: 2020-2027 Table 98: Train Lighting Market in Rest of Europe in US$ Thousand by Position: A Historic Review for the Period 2012-2019 Table 99: Rest of Europe Train Lighting Market Share Breakdown by Position: 2012 VS 2020 VS 2027 Table 100: Rest of Europe Train Lighting Market Estimates and Forecasts in US$ Thousand by Rolling Stock: 2020-2027 Table 101: Train Lighting Market in Rest of Europe in US$ Thousand by Rolling Stock: A Historic Review for the Period 2012-2019 Table 102: Rest of Europe Train Lighting Market Share Breakdown by Rolling Stock: 2012 VS 2020 VS 2027 ASIA-PACIFIC Table 103: Asia-Pacific Train Lighting Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027 Table 104: Train Lighting Market in Asia-Pacific: Historic Market Analysis in US$ Thousand by Region/Country for the Period 2012-2019 Table 105: Asia-Pacific Train Lighting Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027 Table 106: Train Lighting Market in Asia-Pacific by Position: Estimates and Projections in US$ Thousand for the Period 2020-2027 Table 107: Asia-Pacific Train Lighting Historic Market Scenario in US$ Thousand by Position: 2012-2019 Table 108: Asia-Pacific Train Lighting Market Share Analysis by Position: 2012 VS 2020 VS 2027 Table 109: Train Lighting Market in Asia-Pacific by Rolling Stock: Estimates and Projections in US$ Thousand for the Period 2020-2027 Table 110: Asia-Pacific Train Lighting Historic Market Scenario in US$ Thousand by Rolling Stock: 2012-2019 Table 111: Asia-Pacific Train Lighting Market Share Analysis by Rolling Stock: 2012 VS 2020 VS 2027 AUSTRALIA Table 112: Train Lighting Market in Australia: Recent Past, Current and Future Analysis in US$ Thousand by Position for the Period 2020-2027 Table 113: Australian Train Lighting Historic Market Analysis in US$ Thousand by Position: 2012-2019 Table 114: Australian Train Lighting Market Share Breakdown by Position: 2012 VS 2020 VS 2027 Table 115: Train Lighting Market in Australia: Recent Past, Current and Future Analysis in US$ Thousand by Rolling Stock for the Period 2020-2027 Table 116: Australian Train Lighting Historic Market Analysis in US$ Thousand by Rolling Stock: 2012-2019 Table 117: Australian Train Lighting Market Share Breakdown by Rolling Stock: 2012 VS 2020 VS 2027 INDIA Table 118: Indian Train Lighting Market Estimates and Forecasts in US$ Thousand by Position: 2020 to 2027 Table 119: Indian Train Lighting Historic Market Review by Position in US$ Thousand: 2012-2019 Table 120: Train Lighting Market in India: Percentage Share Breakdown of Sales by Position for 2012, 2020, and 2027 Table 121: Indian Train Lighting Market Estimates and Forecasts in US$ Thousand by Rolling Stock: 2020 to 2027 Table 122: Indian Train Lighting Historic Market Review by Rolling Stock in US$ Thousand: 2012-2019 Table 123: Train Lighting Market in India: Percentage Share Breakdown of Sales by Rolling Stock for 2012, 2020, and 2027 SOUTH KOREA Table 124: Train Lighting Market in South Korea: Recent Past, Current and Future Analysis in US$ Thousand by Position for the Period 2020-2027 Table 125: South Korean Train Lighting Historic Market Analysis in US$ Thousand by Position: 2012-2019 Table 126: Train Lighting Market Share Distribution in South Korea by Position: 2012 VS 2020 VS 2027 Table 127: Train Lighting Market in South Korea: Recent Past, Current and Future Analysis in US$ Thousand by Rolling Stock for the Period 2020-2027 Table 128: South Korean Train Lighting Historic Market Analysis in US$ Thousand by Rolling Stock: 2012-2019 Table 129: Train Lighting Market Share Distribution in South Korea by Rolling Stock: 2012 VS 2020 VS 2027 REST OF ASIA-PACIFIC Table 130: Rest of Asia-Pacific Market for Train Lighting: Annual Sales Estimates and Projections in US$ Thousand by Position for the Period 2020-2027 Table 131: Train Lighting Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Thousand by Position for the Period 2012-2019 Table 132: Rest of Asia-Pacific Train Lighting Market Share Analysis by Position: 2012 VS 2020 VS 2027 Table 133: Rest of Asia-Pacific Market for Train Lighting: Annual Sales Estimates and Projections in US$ Thousand by Rolling Stock for the Period 2020-2027 Table 134: Train Lighting Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Thousand by Rolling Stock for the Period 2012-2019 Table 135: Rest of Asia-Pacific Train Lighting Market Share Analysis by Rolling Stock: 2012 VS 2020 VS 2027 LATIN AMERICA Table 136: Latin American Train Lighting Market Trends by Region/Country in US$ Thousand: 2020-2027 Table 137: Train Lighting Market in Latin America in US$ Thousand by Region/Country: A Historic Perspective for the Period 2012-2019 Table 138: Latin American Train Lighting Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027 Table 139: Latin American Train Lighting Market Growth Prospects in US$ Thousand by Position for the Period 2020-2027 Table 140: Train Lighting Historic Market Analysis in Latin America in US$ Thousand by Position: 2012-2019 Table 141: Latin American Train Lighting Market by Position: Percentage Breakdown of Sales for 2012, 2020, and 2027 Table 142: Latin American Train Lighting Market Growth Prospects in US$ Thousand by Rolling Stock for the Period 2020-2027 Table 143: Train Lighting Historic Market Analysis in Latin America in US$ Thousand by Rolling Stock: 2012-2019 Table 144: Latin American Train Lighting Market by Rolling Stock: Percentage Breakdown of Sales for 2012, 2020, and 2027 ARGENTINA Table 145: Argentinean Train Lighting Market Estimates and Forecasts in US$ Thousand by Position: 2020-2027 Table 146: Train Lighting Market in Argentina in US$ Thousand by Position: A Historic Review for the Period 2012-2019 Table 147: Argentinean Train Lighting Market Share Breakdown by Position: 2012 VS 2020 VS 2027 Table 148: Argentinean Train Lighting Market Estimates and Forecasts in US$ Thousand by Rolling Stock: 2020-2027 Table 149: Train Lighting Market in Argentina in US$ Thousand by Rolling Stock: A Historic Review for the Period 2012-2019 Table 150: Argentinean Train Lighting Market Share Breakdown by Rolling Stock: 2012 VS 2020 VS 2027 BRAZIL Table 151: Train Lighting Market in Brazil by Position: Estimates and Projections in US$ Thousand for the Period 2020-2027 Table 152: Brazilian Train Lighting Historic Market Scenario in US$ Thousand by Position: 2012-2019 Table 153: Brazilian Train Lighting Market Share Analysis by Position: 2012 VS 2020 VS 2027 Table 154: Train Lighting Market in Brazil by Rolling Stock: Estimates and Projections in US$ Thousand for the Period 2020-2027 Table 155: Brazilian Train Lighting Historic Market Scenario in US$ Thousand by Rolling Stock: 2012-2019 Table 156: Brazilian Train Lighting Market Share Analysis by Rolling Stock: 2012 VS 2020 VS 2027 MEXICO Table 157: Train Lighting Market in Mexico: Recent Past, Current and Future Analysis in US$ Thousand by Position for the Period 2020-2027 Table 158: Mexican Train Lighting Historic Market Analysis in US$ Thousand by Position: 2012-2019 Table 159: Mexican Train Lighting Market Share Breakdown by Position: 2012 VS 2020 VS 2027 Table 160: Train Lighting Market in Mexico: Recent Past, Current and Future Analysis in US$ Thousand by Rolling Stock for the Period 2020-2027 Table 161: Mexican Train Lighting Historic Market Analysis in US$ Thousand by Rolling Stock: 2012-2019 Table 162: Mexican Train Lighting Market Share Breakdown by Rolling Stock: 2012 VS 2020 VS 2027 REST OF LATIN AMERICA Table 163: Rest of Latin America Train Lighting Market Estimates and Projections in US$ Thousand by Position: 2020 to 2027 Table 164: Train Lighting Market in Rest of Latin America by Position: A Historic Review in US$ Thousand for 2012-2019 Table 165: Rest of Latin America Train Lighting Market Share Breakdown by Position: 2012 VS 2020 VS 2027 Table 166: Rest of Latin America Train Lighting Market Estimates and Projections in US$ Thousand by Rolling Stock: 2020 to 2027 Table 167: Train Lighting Market in Rest of Latin America by Rolling Stock: A Historic Review in US$ Thousand for 2012-2019 Table 168: Rest of Latin America Train Lighting Market Share Breakdown by Rolling Stock: 2012 VS 2020 VS 2027 MIDDLE EAST Table 169: The Middle East Train Lighting Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027 Table 170: Train Lighting Market in the Middle East by Region/Country in US$ Thousand: 2012-2019 Table 171: The Middle East Train Lighting Market Share Breakdown by Region/Country: 2012, 2020, and 2027 Table 172: The Middle East Train Lighting Market Estimates and Forecasts in US$ Thousand by Position: 2020 to 2027 Table 173: The Middle East Train Lighting Historic Market by Position in US$ Thousand: 2012-2019 Table 174: Train Lighting Market in the Middle East: Percentage Share Breakdown of Sales by Position for 2012,2020, and 2027 Table 175: The Middle East Train Lighting Market Estimates and Forecasts in US$ Thousand by Rolling Stock: 2020 to 2027 Table 176: The Middle East Train Lighting Historic Market by Rolling Stock in US$ Thousand: 2012-2019 Table 177: Train Lighting Market in the Middle East: Percentage Share Breakdown of Sales by Rolling Stock for 2012,2020, and 2027 IRAN Table 178: Iranian Market for Train Lighting: Annual Sales Estimates and Projections in US$ Thousand by Position for the Period 2020-2027 Table 179: Train Lighting Market in Iran: Historic Sales Analysis in US$ Thousand by Position for the Period 2012-2019 Table 180: Iranian Train Lighting Market Share Analysis by Position: 2012 VS 2020 VS 2027 Table 181: Iranian Market for Train Lighting: Annual Sales Estimates and Projections in US$ Thousand by Rolling Stock for the Period 2020-2027 Table 182: Train Lighting Market in Iran: Historic Sales Analysis in US$ Thousand by Rolling Stock for the Period 2012-2019 Table 183: Iranian Train Lighting Market Share Analysis by Rolling Stock: 2012 VS 2020 VS 2027 ISRAEL Table 184: Israeli Train Lighting Market Estimates and Forecasts in US$ Thousand by Position: 2020-2027 Table 185: Train Lighting Market in Israel in US$ Thousand by Position: A Historic Review for the Period 2012-2019 Table 186: Israeli Train Lighting Market Share Breakdown by Position: 2012 VS 2020 VS 2027 Table 187: Israeli Train Lighting Market Estimates and Forecasts in US$ Thousand by Rolling Stock: 2020-2027 Table 188: Train Lighting Market in Israel in US$ Thousand by Rolling Stock: A Historic Review for the Period 2012-2019 Table 189: Israeli Train Lighting Market Share Breakdown by Rolling Stock: 2012 VS 2020 VS 2027 SAUDI ARABIA Table 190: Saudi Arabian Train Lighting Market Growth Prospects in US$ Thousand by Position for the Period 2020-2027 Table 191: Train Lighting Historic Market Analysis in Saudi Arabia in US$ Thousand by Position: 2012-2019 Table 192: Saudi Arabian Train Lighting Market by Position: Percentage Breakdown of Sales for 2012, 2020, and 2027 Table 193: Saudi Arabian Train Lighting Market Growth Prospects in US$ Thousand by Rolling Stock for the Period 2020-2027 Table 194: Train Lighting Historic Market Analysis in Saudi Arabia in US$ Thousand by Rolling Stock: 2012-2019 Table 195: Saudi Arabian Train Lighting Market by Rolling Stock: Percentage Breakdown of Sales for 2012, 2020, and 2027 UNITED ARAB EMIRATES Table 196: Train Lighting Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Thousand by Position for the Period 2020-2027 Table 197: United Arab Emirates Train Lighting Historic Market Analysis in US$ Thousand by Position: 2012-2019 Table 198: Train Lighting Market Share Distribution in United Arab Emirates by Position: 2012 VS 2020 VS 2027 Table 199: Train Lighting Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Thousand by Rolling Stock for the Period 2020-2027 Table 200: United Arab Emirates Train Lighting Historic Market Analysis in US$ Thousand by Rolling Stock: 2012-2019 Table 201: Train Lighting Market Share Distribution in United Arab Emirates by Rolling Stock: 2012 VS 2020 VS 2027 REST OF MIDDLE EAST Table 202: Train Lighting Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Thousand by Position for the Period 2020-2027 Table 203: Rest of Middle East Train Lighting Historic Market Analysis in US$ Thousand by Position: 2012-2019 Table 204: Rest of Middle East Train Lighting Market Share Breakdown by Position: 2012 VS 2020 VS 2027 Table 205: Train Lighting Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Thousand by Rolling Stock for the Period 2020-2027 Table 206: Rest of Middle East Train Lighting Historic Market Analysis in US$ Thousand by Rolling Stock: 2012-2019 Table 207: Rest of Middle East Train Lighting Market Share Breakdown by Rolling Stock: 2012 VS 2020 VS 2027 AFRICA Table 208: African Train Lighting Market Estimates and Projections in US$ Thousand by Position: 2020 to 2027 Table 209: Train Lighting Market in Africa by Position: A Historic Review in US$ Thousand for 2012-2019 Table 210: African Train Lighting Market Share Breakdown by Position: 2012 VS 2020 VS 2027 Table 211: African Train Lighting Market Estimates and Projections in US$ Thousand by Rolling Stock: 2020 to 2027 Table 212: Train Lighting Market in Africa by Rolling Stock: A Historic Review in US$ Thousand for 2012-2019 Table 213: African Train Lighting Market Share Breakdown by Rolling Stock: 2012 VS 2020 VS 2027 IV. COMPETITION Total Companies Profiled: 42Read the full report: https://www.reportlinker.com/p05799825/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [emailprotected] US: (339)-368-6001 Intl: +1 339-368-6001 SOURCE Reportlinker Related Links www.reportlinker.com
Answer: | Global Train Lighting Industry Global Train Lighting Market to Reach $338.2 Million by 2027 | NEW YORK, Aug. 26, 2020 /PRNewswire/ -- Amid the COVID-19 crisis, the global market for Train Lighting estimated at US$329.5 Million in the year 2020, is projected to reach a revised size of US$338.2 Million by 2027, growing at aCAGR of 0.4% over the period 2020-2027. Interior, one of the segments analyzed in the report, is projected to record 0.5% CAGR and reach US$283.1 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Exterior segment is readjusted to a revised -0.1% CAGR for the next 7-year period. Read the full report: https://www.reportlinker.com/p05799825/?utm_source=PRN The U.S. Market is Estimated at $89.5 Million, While China is Forecast to Grow at 1.1% CAGR The Train Lighting market in the U.S. is estimated at US$89.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$60.5 Million by the year 2027 trailing a CAGR of 1.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at -0.4% and 0.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately -0.2% CAGR.We bring years of research experience to this 7th edition of our report. The 285-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed. Competitors identified in this market include, among others, Draxlmaier Group Federal-Mogul Corporation General Electric Company Grupo Antolin-Irausa SA Hitachi Ltd. Koito Manufacturing Co., Ltd. OSRAM GmbH Teknoware Oy Toshiba Corporation Read the full report: https://www.reportlinker.com/p05799825/?utm_source=PRN I. INTRODUCTION, METHODOLOGY & REPORT SCOPE II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW Global Competitor Market Shares Train Lighting Competitor Market Share Scenario Worldwide (in %): 2019 & 2025 Impact of Covid-19 and a Looming Global Recession 2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERS 4. GLOBAL MARKET PERSPECTIVE Table 1: Train Lighting Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027 Table 2: Train Lighting Global Retrospective Market Scenario in US$ Thousand by Region/Country: 2012-2019 Table 3: Train Lighting Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027 Table 4: Interior (Position) World Market by Region/Country in US$ Thousand: 2020 to 2027 Table 5: Interior (Position) Historic Market Analysis by Region/Country in US$ Thousand: 2012 to 2019 Table 6: Interior (Position) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027 Table 7: Exterior (Position) Potential Growth Markets Worldwide in US$ Thousand: 2020 to 2027 Table 8: Exterior (Position) Historic Market Perspective by Region/Country in US$ Thousand: 2012 to 2019 Table 9: Exterior (Position) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027 Table 10: Diesel Locomotive (Rolling Stock) Geographic Market Spread Worldwide in US$ Thousand: 2020 to 2027 Table 11: Diesel Locomotive (Rolling Stock) Region Wise Breakdown of Global Historic Demand in US$ Thousand: 2012 to 2019 Table 12: Diesel Locomotive (Rolling Stock) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027 Table 13: Electric Locomotive (Rolling Stock) World Market Estimates and Forecasts by Region/Country in US$ Thousand: 2020 to 2027 Table 14: Electric Locomotive (Rolling Stock) Market Historic Review by Region/Country in US$ Thousand: 2012 to 2019 Table 15: Electric Locomotive (Rolling Stock) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027 Table 16: Metros (Rolling Stock) World Market by Region/Country in US$ Thousand: 2020 to 2027 Table 17: Metros (Rolling Stock) Historic Market Analysis by Region/Country in US$ Thousand: 2012 to 2019 Table 18: Metros (Rolling Stock) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027 Table 19: Passenger Coaches (Rolling Stock) World Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020 to 2027 Table 20: Passenger Coaches (Rolling Stock) Market Worldwide Historic Review by Region/Country in US$ Thousand: 2012 to 2019 Table 21: Passenger Coaches (Rolling Stock) Market Percentage Share Distribution by Region/Country: 2012 VS 2020 VS 2027 Table 22: Freight Wagon (Rolling Stock) Market Opportunity Analysis Worldwide in US$ Thousand by Region/Country: 2020 to 2027 Table 23: Freight Wagon (Rolling Stock) Global Historic Demand in US$ Thousand by Region/Country: 2012 to 2019 Table 24: Freight Wagon (Rolling Stock) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027 Table 25: Other Rolling Stocks (Rolling Stock) World Market by Region/Country in US$ Thousand: 2020 to 2027 Table 26: Other Rolling Stocks (Rolling Stock) Historic Market Analysis by Region/Country in US$ Thousand: 2012 to 2019 Table 27: Other Rolling Stocks (Rolling Stock) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027 III. MARKET ANALYSIS GEOGRAPHIC MARKET ANALYSIS UNITED STATES Market Facts & Figures US Train Lighting Market Share (in %) by Company: 2019 & 2025 Market Analytics Table 28: United States Train Lighting Market Estimates and Projections in US$ Thousand by Position: 2020 to 2027 Table 29: Train Lighting Market in the United States by Position: A Historic Review in US$ Thousand for 2012-2019 Table 30: United States Train Lighting Market Share Breakdown by Position: 2012 VS 2020 VS 2027 Table 31: United States Train Lighting Market Estimates and Projections in US$ Thousand by Rolling Stock: 2020 to 2027 Table 32: Train Lighting Market in the United States by Rolling Stock: A Historic Review in US$ Thousand for 2012-2019 Table 33: United States Train Lighting Market Share Breakdown by Rolling Stock: 2012 VS 2020 VS 2027 CANADA Table 34: Canadian Train Lighting Market Estimates and Forecasts in US$ Thousand by Position: 2020 to 2027 Table 35: Canadian Train Lighting Historic Market Review by Position in US$ Thousand: 2012-2019 Table 36: Train Lighting Market in Canada: Percentage Share Breakdown of Sales by Position for 2012, 2020, and 2027 Table 37: Canadian Train Lighting Market Estimates and Forecasts in US$ Thousand by Rolling Stock: 2020 to 2027 Table 38: Canadian Train Lighting Historic Market Review by Rolling Stock in US$ Thousand: 2012-2019 Table 39: Train Lighting Market in Canada: Percentage Share Breakdown of Sales by Rolling Stock for 2012, 2020, and 2027 JAPAN Table 40: Japanese Market for Train Lighting: Annual Sales Estimates and Projections in US$ Thousand by Position for the Period 2020-2027 Table 41: Train Lighting Market in Japan: Historic Sales Analysis in US$ Thousand by Position for the Period 2012-2019 Table 42: Japanese Train Lighting Market Share Analysis by Position: 2012 VS 2020 VS 2027 Table 43: Japanese Market for Train Lighting: Annual Sales Estimates and Projections in US$ Thousand by Rolling Stock for the Period 2020-2027 Table 44: Train Lighting Market in Japan: Historic Sales Analysis in US$ Thousand by Rolling Stock for the Period 2012-2019 Table 45: Japanese Train Lighting Market Share Analysis by Rolling Stock: 2012 VS 2020 VS 2027 CHINA Table 46: Chinese Train Lighting Market Growth Prospects in US$ Thousand by Position for the Period 2020-2027 Table 47: Train Lighting Historic Market Analysis in China in US$ Thousand by Position: 2012-2019 Table 48: Chinese Train Lighting Market by Position: Percentage Breakdown of Sales for 2012, 2020, and 2027 Table 49: Chinese Train Lighting Market Growth Prospects in US$ Thousand by Rolling Stock for the Period 2020-2027 Table 50: Train Lighting Historic Market Analysis in China in US$ Thousand by Rolling Stock: 2012-2019 Table 51: Chinese Train Lighting Market by Rolling Stock: Percentage Breakdown of Sales for 2012, 2020, and 2027 EUROPE Market Facts & Figures European Train Lighting Market: Competitor Market Share Scenario (in %) for 2019 & 2025 Market Analytics Table 52: European Train Lighting Market Demand Scenario in US$ Thousand by Region/Country: 2020-2027 Table 53: Train Lighting Market in Europe: A Historic Market Perspective in US$ Thousand by Region/Country for the Period 2012-2019 Table 54: European Train Lighting Market Share Shift by Region/Country: 2012 VS 2020 VS 2027 Table 55: European Train Lighting Market Estimates and Forecasts in US$ Thousand by Position: 2020-2027 Table 56: Train Lighting Market in Europe in US$ Thousand by Position: A Historic Review for the Period 2012-2019 Table 57: European Train Lighting Market Share Breakdown by Position: 2012 VS 2020 VS 2027 Table 58: European Train Lighting Market Estimates and Forecasts in US$ Thousand by Rolling Stock: 2020-2027 Table 59: Train Lighting Market in Europe in US$ Thousand by Rolling Stock: A Historic Review for the Period 2012-2019 Table 60: European Train Lighting Market Share Breakdown by Rolling Stock: 2012 VS 2020 VS 2027 FRANCE Table 61: Train Lighting Market in France by Position: Estimates and Projections in US$ Thousand for the Period 2020-2027 Table 62: French Train Lighting Historic Market Scenario in US$ Thousand by Position: 2012-2019 Table 63: French Train Lighting Market Share Analysis by Position: 2012 VS 2020 VS 2027 Table 64: Train Lighting Market in France by Rolling Stock: Estimates and Projections in US$ Thousand for the Period 2020-2027 Table 65: French Train Lighting Historic Market Scenario in US$ Thousand by Rolling Stock: 2012-2019 Table 66: French Train Lighting Market Share Analysis by Rolling Stock: 2012 VS 2020 VS 2027 GERMANY Table 67: Train Lighting Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Position for the Period 2020-2027 Table 68: German Train Lighting Historic Market Analysis in US$ Thousand by Position: 2012-2019 Table 69: German Train Lighting Market Share Breakdown by Position: 2012 VS 2020 VS 2027 Table 70: Train Lighting Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Rolling Stock for the Period 2020-2027 Table 71: German Train Lighting Historic Market Analysis in US$ Thousand by Rolling Stock: 2012-2019 Table 72: German Train Lighting Market Share Breakdown by Rolling Stock: 2012 VS 2020 VS 2027 ITALY Table 73: Italian Train Lighting Market Growth Prospects in US$ Thousand by Position for the Period 2020-2027 Table 74: Train Lighting Historic Market Analysis in Italy in US$ Thousand by Position: 2012-2019 Table 75: Italian Train Lighting Market by Position: Percentage Breakdown of Sales for 2012, 2020, and 2027 Table 76: Italian Train Lighting Market Growth Prospects in US$ Thousand by Rolling Stock for the Period 2020-2027 Table 77: Train Lighting Historic Market Analysis in Italy in US$ Thousand by Rolling Stock: 2012-2019 Table 78: Italian Train Lighting Market by Rolling Stock: Percentage Breakdown of Sales for 2012, 2020, and 2027 UNITED KINGDOM Table 79: United Kingdom Market for Train Lighting: Annual Sales Estimates and Projections in US$ Thousand by Position for the Period 2020-2027 Table 80: Train Lighting Market in the United Kingdom: Historic Sales Analysis in US$ Thousand by Position for the Period 2012-2019 Table 81: United Kingdom Train Lighting Market Share Analysis by Position: 2012 VS 2020 VS 2027 Table 82: United Kingdom Market for Train Lighting: Annual Sales Estimates and Projections in US$ Thousand by Rolling Stock for the Period 2020-2027 Table 83: Train Lighting Market in the United Kingdom: Historic Sales Analysis in US$ Thousand by Rolling Stock for the Period 2012-2019 Table 84: United Kingdom Train Lighting Market Share Analysis by Rolling Stock: 2012 VS 2020 VS 2027 SPAIN Table 85: Spanish Train Lighting Market Estimates and Forecasts in US$ Thousand by Position: 2020 to 2027 Table 86: Spanish Train Lighting Historic Market Review by Position in US$ Thousand: 2012-2019 Table 87: Train Lighting Market in Spain: Percentage Share Breakdown of Sales by Position for 2012, 2020, and 2027 Table 88: Spanish Train Lighting Market Estimates and Forecasts in US$ Thousand by Rolling Stock: 2020 to 2027 Table 89: Spanish Train Lighting Historic Market Review by Rolling Stock in US$ Thousand: 2012-2019 Table 90: Train Lighting Market in Spain: Percentage Share Breakdown of Sales by Rolling Stock for 2012, 2020, and 2027 RUSSIA Table 91: Russian Train Lighting Market Estimates and Projections in US$ Thousand by Position: 2020 to 2027 Table 92: Train Lighting Market in Russia by Position: A Historic Review in US$ Thousand for 2012-2019 Table 93: Russian Train Lighting Market Share Breakdown by Position: 2012 VS 2020 VS 2027 Table 94: Russian Train Lighting Market Estimates and Projections in US$ Thousand by Rolling Stock: 2020 to 2027 Table 95: Train Lighting Market in Russia by Rolling Stock: A Historic Review in US$ Thousand for 2012-2019 Table 96: Russian Train Lighting Market Share Breakdown by Rolling Stock: 2012 VS 2020 VS 2027 REST OF EUROPE Table 97: Rest of Europe Train Lighting Market Estimates and Forecasts in US$ Thousand by Position: 2020-2027 Table 98: Train Lighting Market in Rest of Europe in US$ Thousand by Position: A Historic Review for the Period 2012-2019 Table 99: Rest of Europe Train Lighting Market Share Breakdown by Position: 2012 VS 2020 VS 2027 Table 100: Rest of Europe Train Lighting Market Estimates and Forecasts in US$ Thousand by Rolling Stock: 2020-2027 Table 101: Train Lighting Market in Rest of Europe in US$ Thousand by Rolling Stock: A Historic Review for the Period 2012-2019 Table 102: Rest of Europe Train Lighting Market Share Breakdown by Rolling Stock: 2012 VS 2020 VS 2027 ASIA-PACIFIC Table 103: Asia-Pacific Train Lighting Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027 Table 104: Train Lighting Market in Asia-Pacific: Historic Market Analysis in US$ Thousand by Region/Country for the Period 2012-2019 Table 105: Asia-Pacific Train Lighting Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027 Table 106: Train Lighting Market in Asia-Pacific by Position: Estimates and Projections in US$ Thousand for the Period 2020-2027 Table 107: Asia-Pacific Train Lighting Historic Market Scenario in US$ Thousand by Position: 2012-2019 Table 108: Asia-Pacific Train Lighting Market Share Analysis by Position: 2012 VS 2020 VS 2027 Table 109: Train Lighting Market in Asia-Pacific by Rolling Stock: Estimates and Projections in US$ Thousand for the Period 2020-2027 Table 110: Asia-Pacific Train Lighting Historic Market Scenario in US$ Thousand by Rolling Stock: 2012-2019 Table 111: Asia-Pacific Train Lighting Market Share Analysis by Rolling Stock: 2012 VS 2020 VS 2027 AUSTRALIA Table 112: Train Lighting Market in Australia: Recent Past, Current and Future Analysis in US$ Thousand by Position for the Period 2020-2027 Table 113: Australian Train Lighting Historic Market Analysis in US$ Thousand by Position: 2012-2019 Table 114: Australian Train Lighting Market Share Breakdown by Position: 2012 VS 2020 VS 2027 Table 115: Train Lighting Market in Australia: Recent Past, Current and Future Analysis in US$ Thousand by Rolling Stock for the Period 2020-2027 Table 116: Australian Train Lighting Historic Market Analysis in US$ Thousand by Rolling Stock: 2012-2019 Table 117: Australian Train Lighting Market Share Breakdown by Rolling Stock: 2012 VS 2020 VS 2027 INDIA Table 118: Indian Train Lighting Market Estimates and Forecasts in US$ Thousand by Position: 2020 to 2027 Table 119: Indian Train Lighting Historic Market Review by Position in US$ Thousand: 2012-2019 Table 120: Train Lighting Market in India: Percentage Share Breakdown of Sales by Position for 2012, 2020, and 2027 Table 121: Indian Train Lighting Market Estimates and Forecasts in US$ Thousand by Rolling Stock: 2020 to 2027 Table 122: Indian Train Lighting Historic Market Review by Rolling Stock in US$ Thousand: 2012-2019 Table 123: Train Lighting Market in India: Percentage Share Breakdown of Sales by Rolling Stock for 2012, 2020, and 2027 SOUTH KOREA Table 124: Train Lighting Market in South Korea: Recent Past, Current and Future Analysis in US$ Thousand by Position for the Period 2020-2027 Table 125: South Korean Train Lighting Historic Market Analysis in US$ Thousand by Position: 2012-2019 Table 126: Train Lighting Market Share Distribution in South Korea by Position: 2012 VS 2020 VS 2027 Table 127: Train Lighting Market in South Korea: Recent Past, Current and Future Analysis in US$ Thousand by Rolling Stock for the Period 2020-2027 Table 128: South Korean Train Lighting Historic Market Analysis in US$ Thousand by Rolling Stock: 2012-2019 Table 129: Train Lighting Market Share Distribution in South Korea by Rolling Stock: 2012 VS 2020 VS 2027 REST OF ASIA-PACIFIC Table 130: Rest of Asia-Pacific Market for Train Lighting: Annual Sales Estimates and Projections in US$ Thousand by Position for the Period 2020-2027 Table 131: Train Lighting Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Thousand by Position for the Period 2012-2019 Table 132: Rest of Asia-Pacific Train Lighting Market Share Analysis by Position: 2012 VS 2020 VS 2027 Table 133: Rest of Asia-Pacific Market for Train Lighting: Annual Sales Estimates and Projections in US$ Thousand by Rolling Stock for the Period 2020-2027 Table 134: Train Lighting Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Thousand by Rolling Stock for the Period 2012-2019 Table 135: Rest of Asia-Pacific Train Lighting Market Share Analysis by Rolling Stock: 2012 VS 2020 VS 2027 LATIN AMERICA Table 136: Latin American Train Lighting Market Trends by Region/Country in US$ Thousand: 2020-2027 Table 137: Train Lighting Market in Latin America in US$ Thousand by Region/Country: A Historic Perspective for the Period 2012-2019 Table 138: Latin American Train Lighting Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027 Table 139: Latin American Train Lighting Market Growth Prospects in US$ Thousand by Position for the Period 2020-2027 Table 140: Train Lighting Historic Market Analysis in Latin America in US$ Thousand by Position: 2012-2019 Table 141: Latin American Train Lighting Market by Position: Percentage Breakdown of Sales for 2012, 2020, and 2027 Table 142: Latin American Train Lighting Market Growth Prospects in US$ Thousand by Rolling Stock for the Period 2020-2027 Table 143: Train Lighting Historic Market Analysis in Latin America in US$ Thousand by Rolling Stock: 2012-2019 Table 144: Latin American Train Lighting Market by Rolling Stock: Percentage Breakdown of Sales for 2012, 2020, and 2027 ARGENTINA Table 145: Argentinean Train Lighting Market Estimates and Forecasts in US$ Thousand by Position: 2020-2027 Table 146: Train Lighting Market in Argentina in US$ Thousand by Position: A Historic Review for the Period 2012-2019 Table 147: Argentinean Train Lighting Market Share Breakdown by Position: 2012 VS 2020 VS 2027 Table 148: Argentinean Train Lighting Market Estimates and Forecasts in US$ Thousand by Rolling Stock: 2020-2027 Table 149: Train Lighting Market in Argentina in US$ Thousand by Rolling Stock: A Historic Review for the Period 2012-2019 Table 150: Argentinean Train Lighting Market Share Breakdown by Rolling Stock: 2012 VS 2020 VS 2027 BRAZIL Table 151: Train Lighting Market in Brazil by Position: Estimates and Projections in US$ Thousand for the Period 2020-2027 Table 152: Brazilian Train Lighting Historic Market Scenario in US$ Thousand by Position: 2012-2019 Table 153: Brazilian Train Lighting Market Share Analysis by Position: 2012 VS 2020 VS 2027 Table 154: Train Lighting Market in Brazil by Rolling Stock: Estimates and Projections in US$ Thousand for the Period 2020-2027 Table 155: Brazilian Train Lighting Historic Market Scenario in US$ Thousand by Rolling Stock: 2012-2019 Table 156: Brazilian Train Lighting Market Share Analysis by Rolling Stock: 2012 VS 2020 VS 2027 MEXICO Table 157: Train Lighting Market in Mexico: Recent Past, Current and Future Analysis in US$ Thousand by Position for the Period 2020-2027 Table 158: Mexican Train Lighting Historic Market Analysis in US$ Thousand by Position: 2012-2019 Table 159: Mexican Train Lighting Market Share Breakdown by Position: 2012 VS 2020 VS 2027 Table 160: Train Lighting Market in Mexico: Recent Past, Current and Future Analysis in US$ Thousand by Rolling Stock for the Period 2020-2027 Table 161: Mexican Train Lighting Historic Market Analysis in US$ Thousand by Rolling Stock: 2012-2019 Table 162: Mexican Train Lighting Market Share Breakdown by Rolling Stock: 2012 VS 2020 VS 2027 REST OF LATIN AMERICA Table 163: Rest of Latin America Train Lighting Market Estimates and Projections in US$ Thousand by Position: 2020 to 2027 Table 164: Train Lighting Market in Rest of Latin America by Position: A Historic Review in US$ Thousand for 2012-2019 Table 165: Rest of Latin America Train Lighting Market Share Breakdown by Position: 2012 VS 2020 VS 2027 Table 166: Rest of Latin America Train Lighting Market Estimates and Projections in US$ Thousand by Rolling Stock: 2020 to 2027 Table 167: Train Lighting Market in Rest of Latin America by Rolling Stock: A Historic Review in US$ Thousand for 2012-2019 Table 168: Rest of Latin America Train Lighting Market Share Breakdown by Rolling Stock: 2012 VS 2020 VS 2027 MIDDLE EAST Table 169: The Middle East Train Lighting Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027 Table 170: Train Lighting Market in the Middle East by Region/Country in US$ Thousand: 2012-2019 Table 171: The Middle East Train Lighting Market Share Breakdown by Region/Country: 2012, 2020, and 2027 Table 172: The Middle East Train Lighting Market Estimates and Forecasts in US$ Thousand by Position: 2020 to 2027 Table 173: The Middle East Train Lighting Historic Market by Position in US$ Thousand: 2012-2019 Table 174: Train Lighting Market in the Middle East: Percentage Share Breakdown of Sales by Position for 2012,2020, and 2027 Table 175: The Middle East Train Lighting Market Estimates and Forecasts in US$ Thousand by Rolling Stock: 2020 to 2027 Table 176: The Middle East Train Lighting Historic Market by Rolling Stock in US$ Thousand: 2012-2019 Table 177: Train Lighting Market in the Middle East: Percentage Share Breakdown of Sales by Rolling Stock for 2012,2020, and 2027 IRAN Table 178: Iranian Market for Train Lighting: Annual Sales Estimates and Projections in US$ Thousand by Position for the Period 2020-2027 Table 179: Train Lighting Market in Iran: Historic Sales Analysis in US$ Thousand by Position for the Period 2012-2019 Table 180: Iranian Train Lighting Market Share Analysis by Position: 2012 VS 2020 VS 2027 Table 181: Iranian Market for Train Lighting: Annual Sales Estimates and Projections in US$ Thousand by Rolling Stock for the Period 2020-2027 Table 182: Train Lighting Market in Iran: Historic Sales Analysis in US$ Thousand by Rolling Stock for the Period 2012-2019 Table 183: Iranian Train Lighting Market Share Analysis by Rolling Stock: 2012 VS 2020 VS 2027 ISRAEL Table 184: Israeli Train Lighting Market Estimates and Forecasts in US$ Thousand by Position: 2020-2027 Table 185: Train Lighting Market in Israel in US$ Thousand by Position: A Historic Review for the Period 2012-2019 Table 186: Israeli Train Lighting Market Share Breakdown by Position: 2012 VS 2020 VS 2027 Table 187: Israeli Train Lighting Market Estimates and Forecasts in US$ Thousand by Rolling Stock: 2020-2027 Table 188: Train Lighting Market in Israel in US$ Thousand by Rolling Stock: A Historic Review for the Period 2012-2019 Table 189: Israeli Train Lighting Market Share Breakdown by Rolling Stock: 2012 VS 2020 VS 2027 SAUDI ARABIA Table 190: Saudi Arabian Train Lighting Market Growth Prospects in US$ Thousand by Position for the Period 2020-2027 Table 191: Train Lighting Historic Market Analysis in Saudi Arabia in US$ Thousand by Position: 2012-2019 Table 192: Saudi Arabian Train Lighting Market by Position: Percentage Breakdown of Sales for 2012, 2020, and 2027 Table 193: Saudi Arabian Train Lighting Market Growth Prospects in US$ Thousand by Rolling Stock for the Period 2020-2027 Table 194: Train Lighting Historic Market Analysis in Saudi Arabia in US$ Thousand by Rolling Stock: 2012-2019 Table 195: Saudi Arabian Train Lighting Market by Rolling Stock: Percentage Breakdown of Sales for 2012, 2020, and 2027 UNITED ARAB EMIRATES Table 196: Train Lighting Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Thousand by Position for the Period 2020-2027 Table 197: United Arab Emirates Train Lighting Historic Market Analysis in US$ Thousand by Position: 2012-2019 Table 198: Train Lighting Market Share Distribution in United Arab Emirates by Position: 2012 VS 2020 VS 2027 Table 199: Train Lighting Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Thousand by Rolling Stock for the Period 2020-2027 Table 200: United Arab Emirates Train Lighting Historic Market Analysis in US$ Thousand by Rolling Stock: 2012-2019 Table 201: Train Lighting Market Share Distribution in United Arab Emirates by Rolling Stock: 2012 VS 2020 VS 2027 REST OF MIDDLE EAST Table 202: Train Lighting Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Thousand by Position for the Period 2020-2027 Table 203: Rest of Middle East Train Lighting Historic Market Analysis in US$ Thousand by Position: 2012-2019 Table 204: Rest of Middle East Train Lighting Market Share Breakdown by Position: 2012 VS 2020 VS 2027 Table 205: Train Lighting Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Thousand by Rolling Stock for the Period 2020-2027 Table 206: Rest of Middle East Train Lighting Historic Market Analysis in US$ Thousand by Rolling Stock: 2012-2019 Table 207: Rest of Middle East Train Lighting Market Share Breakdown by Rolling Stock: 2012 VS 2020 VS 2027 AFRICA Table 208: African Train Lighting Market Estimates and Projections in US$ Thousand by Position: 2020 to 2027 Table 209: Train Lighting Market in Africa by Position: A Historic Review in US$ Thousand for 2012-2019 Table 210: African Train Lighting Market Share Breakdown by Position: 2012 VS 2020 VS 2027 Table 211: African Train Lighting Market Estimates and Projections in US$ Thousand by Rolling Stock: 2020 to 2027 Table 212: Train Lighting Market in Africa by Rolling Stock: A Historic Review in US$ Thousand for 2012-2019 Table 213: African Train Lighting Market Share Breakdown by Rolling Stock: 2012 VS 2020 VS 2027 IV. COMPETITION Total Companies Profiled: 42Read the full report: https://www.reportlinker.com/p05799825/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [emailprotected] US: (339)-368-6001 Intl: +1 339-368-6001 SOURCE Reportlinker Related Links www.reportlinker.com |
edtsum507 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, March 31, 2021 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of SOS Limited (NYSE: SOS) between July 22, 2020 and February 25, 2021, inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 1, 2021. SO WHAT:If you purchased SOS securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the SOS class action, go to http://www.rosenlegal.com/cases-register-2070.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [emailprotected] or [emailprotected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 1, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience or resources. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020 founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose information that resulted in a scheme that: (1) SOS had misrepresented the true nature, location, and/or existence of at least one of its principal executive offices listed in its SEC filings; (2) HY International Group New York Inc. and FXK Technology Corporation were either undisclosed related parties and/or entities fabricated by the Company; (3) the Company had misrepresented the type and/or existence of the mining rigs that it claimed to have purchased; and (4) as a result, the Company's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the SOS class action, go to http://www.rosenlegal.com/cases-register-2070.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [emailprotected] or [emailprotected] for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [emailprotected] [emailprotected] [emailprotected] www.rosenlegal.com SOURCE Rosen Law Firm, P.A. Related Links www.rosenlegal.com
Answer: | ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages SOS Limited Investors to Secure Counsel Before Important Deadline - SOS | NEW YORK, March 31, 2021 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of SOS Limited (NYSE: SOS) between July 22, 2020 and February 25, 2021, inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 1, 2021. SO WHAT:If you purchased SOS securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the SOS class action, go to http://www.rosenlegal.com/cases-register-2070.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [emailprotected] or [emailprotected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 1, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience or resources. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020 founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose information that resulted in a scheme that: (1) SOS had misrepresented the true nature, location, and/or existence of at least one of its principal executive offices listed in its SEC filings; (2) HY International Group New York Inc. and FXK Technology Corporation were either undisclosed related parties and/or entities fabricated by the Company; (3) the Company had misrepresented the type and/or existence of the mining rigs that it claimed to have purchased; and (4) as a result, the Company's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the SOS class action, go to http://www.rosenlegal.com/cases-register-2070.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [emailprotected] or [emailprotected] for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [emailprotected] [emailprotected] [emailprotected] www.rosenlegal.com SOURCE Rosen Law Firm, P.A. Related Links www.rosenlegal.com |
edtsum508 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SUWANEE, Ga.--(BUSINESS WIRE)--SANUWAVE Health, Inc. (OTCQB: SNWV), focused on the development and commercialization of a robust and innovative advanced wound care product portfolio for the repair and regeneration of skin and vascular structures, today announced its rebranding. The new brand reflects the evolution of SANUWAVEs solutions addressing the entire wound care pathway through its portfolio of noninvasive and biological response therapeutics that help expedite the wound healing process at the cellular level, resulting in less time and resources spent on more costly treatments. The combination of SANUWAVEs dermaPACE System and the UltraMIST System acquired from Celularity, Inc., in 2020 is the basis for its Energy First protocol for wound healing. Additionally, premium licensing of two important biologics from Cellularity BIOVANCE Human Amniotic Membrane Allograft and Interfyl Human Connective Tissue Matrix add to a portfolio of solutions that improve clinical outcomes across the continuum of wound care. In light of our growth and expansion, we are excited to launch SANUWAVEs new brand, featuring our complete line of healing systems and biologics offerings, said SANUWAVE CEO & Chairman of the Board Kevin A. Richardson, II. Our Energy First approach enables us to provide effective treatment options for patients requiring advanced wound care, closure, and healing. We invite everyone to visit our new website and explore what todays SANUWAVE has to offer. About SANUWAVE SANUWAVE Health is focused on the research, development, and commercialization of its patented, noninvasive and biological response-activating medical systems for the repair and regeneration of skin, musculoskeletal tissue, and vascular structures. SANUWAVEs end-to-end wound care portfolio of regenerative medicine products and product candidates help restore the bodys normal healing processes. SANUWAVE applies and researches its patented energy transfer technologies in wound healing, orthopedic/spine, plastic/cosmetic, and cardiac/endovascular conditions. Forward-Looking Statements This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Companys ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the key risks, assumptions and factors that may affect operating results, performance and financial condition are risks associated with the regulatory approval and marketing of the Companys product candidates and products, unproven pre-clinical and clinical development activities, regulatory oversight, the Companys ability to manage its capital resource issues, competition, and the other factors discussed in detail in the Companys periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statement.
Answer: | SANUWAVE Rebrands to Reflect Evolved Wound Care Solutions Energy First Protocol Improves Clinical Outcomes | SUWANEE, Ga.--(BUSINESS WIRE)--SANUWAVE Health, Inc. (OTCQB: SNWV), focused on the development and commercialization of a robust and innovative advanced wound care product portfolio for the repair and regeneration of skin and vascular structures, today announced its rebranding. The new brand reflects the evolution of SANUWAVEs solutions addressing the entire wound care pathway through its portfolio of noninvasive and biological response therapeutics that help expedite the wound healing process at the cellular level, resulting in less time and resources spent on more costly treatments. The combination of SANUWAVEs dermaPACE System and the UltraMIST System acquired from Celularity, Inc., in 2020 is the basis for its Energy First protocol for wound healing. Additionally, premium licensing of two important biologics from Cellularity BIOVANCE Human Amniotic Membrane Allograft and Interfyl Human Connective Tissue Matrix add to a portfolio of solutions that improve clinical outcomes across the continuum of wound care. In light of our growth and expansion, we are excited to launch SANUWAVEs new brand, featuring our complete line of healing systems and biologics offerings, said SANUWAVE CEO & Chairman of the Board Kevin A. Richardson, II. Our Energy First approach enables us to provide effective treatment options for patients requiring advanced wound care, closure, and healing. We invite everyone to visit our new website and explore what todays SANUWAVE has to offer. About SANUWAVE SANUWAVE Health is focused on the research, development, and commercialization of its patented, noninvasive and biological response-activating medical systems for the repair and regeneration of skin, musculoskeletal tissue, and vascular structures. SANUWAVEs end-to-end wound care portfolio of regenerative medicine products and product candidates help restore the bodys normal healing processes. SANUWAVE applies and researches its patented energy transfer technologies in wound healing, orthopedic/spine, plastic/cosmetic, and cardiac/endovascular conditions. Forward-Looking Statements This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Companys ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the key risks, assumptions and factors that may affect operating results, performance and financial condition are risks associated with the regulatory approval and marketing of the Companys product candidates and products, unproven pre-clinical and clinical development activities, regulatory oversight, the Companys ability to manage its capital resource issues, competition, and the other factors discussed in detail in the Companys periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statement. |
edtsum509 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: BILBAO, Spain, April 23, 2021 /PRNewswire/ -- The Data on Kubernetes (DoK) community today announced the first Data on Kubernetes Community Day, to be held at this year's KubeCon + CloudNativeCon Europe 2021. The DoK community was founded in June of 2020 to bring practitioners together to share their experiences in running Data on Kubernetes. Since then, the DoK has grown extremely quickly with more than 60 scheduled meet-ups in three languages and 550 registered members. The Data on Kubernetes Community Day will be held on May 3rd as a free co-located event at KubeCon. Companies such as DataStax, Percona, MayaData / OpenEBS and Kubesphere will discuss the technical challenges around running databases and data management on Kubernetes, while end users like Digital Ocean, Flipkart and Yelp will be sharing their knowledge and experience around solving these problems in real-world environments. The event will start at 10am CEST and will be co-chaired by the DoK Community's Visual Learning Coordinator Nellie Tobey and the community leader and CNCF Ambassador Bart Farrell. "The response to the community has been absolutely phenomenal. We're contagiously enthused by our growth, the quality of our speakers, our entry into the CNCF, and celebrating our first annual event," Farrell said. Thefull schedule is available hereand those interested in participating can register on the main KubeCon registration site here. The community was started in July 2020 with the inaugural talkgiven by Patrick McFadin, Vice President of Developer Relations at DataStax, and has now hosted over 50 meetups in English, Spanish, and Portuguese. Patrick will kick off this year's co-located event with a quick talk tracing the technical journey involved in going from a traditional Database Administrator (DBA) role to becoming a Site Reliability Engineer (SRE). DataStax is currently working with the CNCF, DoK and DoK founding sponsor MayaData to create learning resources that can make this journey simpler so more people can become SREs and fill skills gaps in their organisations. There will be more than ten talks at the event, touching on the following: Observability - Feynman Zhou, Kubesphere Databases and Kubernetes operators Sergey Pronin, Percona Running Kubernetes and Cassandra together with K8ssandra - Christopher Bradford, DataStax Container attached storage - Eric Zietlow, MayaData Running data on Kubernetes at scale - Neeraj Bisht and Praveen Kumar GT, Flipkart End user presentations from Digital Ocean, Yelp and others. In the spirit of paying it forward, The Last Mile, an NGO that helps incarcerated and formerly incarcerated individuals learn programming, will also be featured in the event. You can win an all-exclusive pass to KubeCon & attend the DoK Community Day as well by answering a few simple questions at https://go.mayadata.io/dokc. About DoK.community DoK.community is an openly governed and self-organizing group of curious and experienced operators and engineers concerned with running data-intensive workloads on Kubernetes. DoKC takes inspiration from the CNCF and Apache foundations and aims to be open, vendor-neutral, and extremely inclusive. Registration- https://events.linuxfoundation.org/kubecon-cloudnativecon-europe/program/colocated-events/#data-on-kubernetes-day DoKC Homepage- http://dok.community Schedule- https://dok.community/dokc-day-schedule/ Linkedin- https://www.linkedin.com/company/data-on-kubernetes-community Twitter- https://twitter.com/DoKcommunity Youtube- https://www.youtube.com/channel/UCUnXJbHQ89R2uSfKsqQwGvQ/feature Media and Analyst Contacts:Data on Kubernetes Community (DoKc)Bart Farrell [emailprotected] DataStaxValerie Beaudett[emailprotected]MayaData Nisanta Sahoo[emailprotected] SOURCE Data on Kubernetes community
Answer: | Data on Kubernetes Day to launch at KubeCon Europe 2021 - Community event with over 1300 registered to discuss how "Going stateful on Kubernetes is fact, not fantasy" | BILBAO, Spain, April 23, 2021 /PRNewswire/ -- The Data on Kubernetes (DoK) community today announced the first Data on Kubernetes Community Day, to be held at this year's KubeCon + CloudNativeCon Europe 2021. The DoK community was founded in June of 2020 to bring practitioners together to share their experiences in running Data on Kubernetes. Since then, the DoK has grown extremely quickly with more than 60 scheduled meet-ups in three languages and 550 registered members. The Data on Kubernetes Community Day will be held on May 3rd as a free co-located event at KubeCon. Companies such as DataStax, Percona, MayaData / OpenEBS and Kubesphere will discuss the technical challenges around running databases and data management on Kubernetes, while end users like Digital Ocean, Flipkart and Yelp will be sharing their knowledge and experience around solving these problems in real-world environments. The event will start at 10am CEST and will be co-chaired by the DoK Community's Visual Learning Coordinator Nellie Tobey and the community leader and CNCF Ambassador Bart Farrell. "The response to the community has been absolutely phenomenal. We're contagiously enthused by our growth, the quality of our speakers, our entry into the CNCF, and celebrating our first annual event," Farrell said. Thefull schedule is available hereand those interested in participating can register on the main KubeCon registration site here. The community was started in July 2020 with the inaugural talkgiven by Patrick McFadin, Vice President of Developer Relations at DataStax, and has now hosted over 50 meetups in English, Spanish, and Portuguese. Patrick will kick off this year's co-located event with a quick talk tracing the technical journey involved in going from a traditional Database Administrator (DBA) role to becoming a Site Reliability Engineer (SRE). DataStax is currently working with the CNCF, DoK and DoK founding sponsor MayaData to create learning resources that can make this journey simpler so more people can become SREs and fill skills gaps in their organisations. There will be more than ten talks at the event, touching on the following: Observability - Feynman Zhou, Kubesphere Databases and Kubernetes operators Sergey Pronin, Percona Running Kubernetes and Cassandra together with K8ssandra - Christopher Bradford, DataStax Container attached storage - Eric Zietlow, MayaData Running data on Kubernetes at scale - Neeraj Bisht and Praveen Kumar GT, Flipkart End user presentations from Digital Ocean, Yelp and others. In the spirit of paying it forward, The Last Mile, an NGO that helps incarcerated and formerly incarcerated individuals learn programming, will also be featured in the event. You can win an all-exclusive pass to KubeCon & attend the DoK Community Day as well by answering a few simple questions at https://go.mayadata.io/dokc. About DoK.community DoK.community is an openly governed and self-organizing group of curious and experienced operators and engineers concerned with running data-intensive workloads on Kubernetes. DoKC takes inspiration from the CNCF and Apache foundations and aims to be open, vendor-neutral, and extremely inclusive. Registration- https://events.linuxfoundation.org/kubecon-cloudnativecon-europe/program/colocated-events/#data-on-kubernetes-day DoKC Homepage- http://dok.community Schedule- https://dok.community/dokc-day-schedule/ Linkedin- https://www.linkedin.com/company/data-on-kubernetes-community Twitter- https://twitter.com/DoKcommunity Youtube- https://www.youtube.com/channel/UCUnXJbHQ89R2uSfKsqQwGvQ/feature Media and Analyst Contacts:Data on Kubernetes Community (DoKc)Bart Farrell [emailprotected] DataStaxValerie Beaudett[emailprotected]MayaData Nisanta Sahoo[emailprotected] SOURCE Data on Kubernetes community |
edtsum510 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SAN DIEGO--(BUSINESS WIRE)--Bank of Southern California, N.A. (OTC Pink: BCAL), a commercial bank headquartered in San Diego, is pleased to announce the appointment of Jeffery T. Hurtik as Executive Vice President, Chief Information Officer. In this newly created position, he will lead the companys technology strategy and vision regarding infrastructure and architecture, vendor selection, application development, and service management. Additionally, he will identify investment opportunities and introduce innovation, playing an integral role in the companys growth and development through the delivery of best-in-class digital banking solutions. The appointment of a Chief Information Officer is both timely and important. Mr. Hurtik will play a key role in executing the companys aggressive growth strategy while addressing the changing technology expectations of the Banks clientele. Mr. Hurtik is an accomplished technology leader with more than 30 years of experience in the financial services sector, including building scalable technology infrastructures to support growing institutions. He has a proven history of providing IT strategy, leadership, and operation support, as an IT executive, to several California-based banking organizations. Most recently, he served as Executive Vice President, Chief Information Officer for Silvergate Bank. Prior to that, he was the Senior Vice President, Chief Information Officer of Luther Burbank Savings Bank. Mr. Hurtik earned a bachelors degree from Albion College, in Albion, Michigan. We are excited to welcome Jeff to our executive leadership team as we continue to enhance our information technology infrastructure to support our impending growth, said Nathan Rogge, President and CEO. Jeff brings extensive experience in the financial services industry along with a long history of driving technology transformation at leading banking organizations. His expertise will be instrumental in executing our long-term technology vision and serving the needs of our clients and employees, concluded Rogge. About Bank of Southern California A growing commercial bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, CA, is locally owned and managed, and offers a range of financial products to individuals, professionals and small-to-medium sized businesses. The Banks solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. The Bank currently operates branches in San Diego County, Los Angeles County, Orange County, San Bernardino County, and the Coachella Valley in Riverside County. For more information, please visit https://www.banksocal.com or call 844.BNK.SOCAL.
Answer: | Bank of Southern California Hires Chief Information Officer Jeffery T. Hurtik Appointed Executive Vice President, Chief Information Officer | SAN DIEGO--(BUSINESS WIRE)--Bank of Southern California, N.A. (OTC Pink: BCAL), a commercial bank headquartered in San Diego, is pleased to announce the appointment of Jeffery T. Hurtik as Executive Vice President, Chief Information Officer. In this newly created position, he will lead the companys technology strategy and vision regarding infrastructure and architecture, vendor selection, application development, and service management. Additionally, he will identify investment opportunities and introduce innovation, playing an integral role in the companys growth and development through the delivery of best-in-class digital banking solutions. The appointment of a Chief Information Officer is both timely and important. Mr. Hurtik will play a key role in executing the companys aggressive growth strategy while addressing the changing technology expectations of the Banks clientele. Mr. Hurtik is an accomplished technology leader with more than 30 years of experience in the financial services sector, including building scalable technology infrastructures to support growing institutions. He has a proven history of providing IT strategy, leadership, and operation support, as an IT executive, to several California-based banking organizations. Most recently, he served as Executive Vice President, Chief Information Officer for Silvergate Bank. Prior to that, he was the Senior Vice President, Chief Information Officer of Luther Burbank Savings Bank. Mr. Hurtik earned a bachelors degree from Albion College, in Albion, Michigan. We are excited to welcome Jeff to our executive leadership team as we continue to enhance our information technology infrastructure to support our impending growth, said Nathan Rogge, President and CEO. Jeff brings extensive experience in the financial services industry along with a long history of driving technology transformation at leading banking organizations. His expertise will be instrumental in executing our long-term technology vision and serving the needs of our clients and employees, concluded Rogge. About Bank of Southern California A growing commercial bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, CA, is locally owned and managed, and offers a range of financial products to individuals, professionals and small-to-medium sized businesses. The Banks solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. The Bank currently operates branches in San Diego County, Los Angeles County, Orange County, San Bernardino County, and the Coachella Valley in Riverside County. For more information, please visit https://www.banksocal.com or call 844.BNK.SOCAL. |
edtsum511 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: REDWOOD CITY, Calif.--(BUSINESS WIRE)--Starting this week, Impossible Foods flagship product is rolling out at Lidls 145 locations across the United States, as both companies continue major expansion efforts in recent years. Lidl will be the largest discount grocer to offer Impossible Foods products. The award-winning Impossible Burger is being introduced into Lidl stores this week across Delaware, Georgia, Maryland, New Jersey, New York, North Carolina, Pennsylvania, South Carolina and Virginia. Customers can find Impossible Burger in the fresh meat section of the store in convenient, versatile 12-ounce packages or in a recyclable package of two pre-formed, quarter-pound (4-oz) patties. In line with Lidls commitment to affordable prices, the 12-ounce Impossible Burger will be available for $5.99, and the patty package will retail at a competitively low price of under $5. Impossible Burger is also available through Lidl home delivery via shoplidl.com. Lidl is the worlds third largest grocery chain, known for its international presence with around 11,200 stores across 32 countries, predominantly in Europe. The company established its US Headquarters in Arlington, Virginia in 2015 and currently operates 145 stores along the East Coast. The California-based startup Impossible Foods is also eyeing a major growth year. In 2020, the company expanded its grocery footprint by more than 100x, and in early 2021 lowered its suggested retail prices by 20% for grocery stores and supermarkets throughout the United States. We have achieved phenomenal growth in our domestic grocery store footprint in the past 12 months as we continue to meet the rapidly growing demand for our products, said Impossible Foods President Dennis Woodside. Through our relationship with Lidl we also hope to learn valuable insights about serving the European market, one that is hugely important to us and our long-term mission. We believe that delicious and sustainable plant-based meat will help Europe achieve its ambitious environmental targets by displacing demand for resource-intensive animal agriculture. We are excited to launch Impossible Foods products in our stores starting this week, especially as we see the growing enthusiasm of our customers for plant-based products, said Stefan Schwarz, Lidl US Executive Vice President of Purchasing. Lidls best-in-industry pricing for Impossible Foods patties is also an example of our commitment to high quality products at unbelievably low prices. Already considered the worlds No. 1 environmental startup, Impossible Foods mission is to reverse global warming and halt the worlds catastrophic biodiversity collapse by building a sustainable food system that can scale to meet the demand of the growing global population. Impossible Foods does not yet sell its products in Europe, but is eager to offer its enormous sustainability benefits to a continent set on achieving some of the most ambitious climate goals in the world. Grocery Growth Impossible Foods had a blazing year of retail growth in 2020 by increasing its grocery store footprint by more than 100x. The companys award-winning Impossible Burger is now available at around 22,000 grocery stores across the US. Impossible Burger made its grocery store debut in September 2019, when it immediately rocketed to the No. 1 item sold on the East and West coasts at some of Americas favorite grocery stores, easily outselling all ground beef from cows at many grocery stores. At one grocery store in Southern California, Impossible Burger outsold all brands of ground beef from cows -- and it outsold the next most popular single product by 6X. Delicious, nutrient-rich, sustainable Named top plant-based burger by the New York Times and a favorite by Cooks Illustrated, Impossible Burger rivals ground beef from cows for taste, and its also packed with nutrients and versatile in all ground meat recipes, including stews, chili, sauces, braises, minces, meatballs, meat pies or any other beefy menu item. Its easy to cook on an outdoor BBQ grill, flat top, Instant Pot, high speed oven, steamer or saut pan. Impossible Burger has as much protein and bioavailable iron as a comparable serving of ground beef from cows. A 4-ounce serving of Impossible Burger has 0 mg cholesterol, 14 g of total fat, 8 g of saturated fat and 240 calories. (A conventional 4-ounce 80/20 patty from cows has 80 mg cholesterol, 23 g of total fat, 9 g of saturated fat and 290 calories.) Impossible Burger contains no animal hormones or antibiotics, and is kosher, halal and gluten-free certified. And because its made from plants and bioengineered, it uses 96% less land, 87% less water and 89% fewer greenhouse gas emissions compared to conventional beef from cows. Home chefs can also log into Impossible Foods Impact Calculator to learn how much they have reduced their land, water and greenhouse gas emissions footprints by using Impossible Burger instead of ground beef from cows. To find a retailer near you carrying Impossible Burger, visit www.impossiblefoods.com. About Impossible Foods: Based in Californias Silicon Valley, Impossible Foods makes delicious, nutritious meat and dairy products from plants with a much smaller environmental footprint than meat from animals. The privately held food tech startup was founded in 2011 by Patrick O. Brown, M.D., Ph.D., Professor Emeritus of Biochemistry at Stanford University and a former Howard Hughes Medical Institute investigator. Investors include Mirae Asset Global Investments, Khosla Ventures, Bill Gates, Google Ventures, Horizons Ventures, UBS, Viking Global Investors, Temasek, Sailing Capital, and Open Philanthropy Project. Impossible Foods was Inc. Magazines company of the year and one of Time Magazines 50 Genius companies. The flagship product, Impossible Burger, was named top plant-based burger by the New York Times and received the Food and Beverage (FABI) Award from the National Restaurant Association. About Lidl Lidl operates around 11,200 stores and is active in 32 countries, employing more than 310,000 employees globally. Lidl offers customers the highest quality fresh produce, meat, bakery items and a wide array of household products at the lowest possible prices. Lidl first established its U.S. headquarters in Arlington County, Virginia, in June 2015, and today sells its award-winning products in more than 140 stores across nine east coast states. For more information, visit www.Lidl.com. More information: impossiblefoods.comTwitter Facebook Instagram YouTube Medium LinkedIn Media kit: www.impossiblefoods.com/media
Answer: | Impossible Foods Launches in European Grocery Giant Lidls U.S. Stores The award-winning Impossible Burger debuts this week at Lidls 145 U.S. grocery stores Starting this week, Impossible Burger patty package is now offered for less than $5, a competitively low retail price for the patty duo Lidl operates 11,200 stores across Europe, and the debut of Impossible Foods products in the U.S. will be the first for the global brand | REDWOOD CITY, Calif.--(BUSINESS WIRE)--Starting this week, Impossible Foods flagship product is rolling out at Lidls 145 locations across the United States, as both companies continue major expansion efforts in recent years. Lidl will be the largest discount grocer to offer Impossible Foods products. The award-winning Impossible Burger is being introduced into Lidl stores this week across Delaware, Georgia, Maryland, New Jersey, New York, North Carolina, Pennsylvania, South Carolina and Virginia. Customers can find Impossible Burger in the fresh meat section of the store in convenient, versatile 12-ounce packages or in a recyclable package of two pre-formed, quarter-pound (4-oz) patties. In line with Lidls commitment to affordable prices, the 12-ounce Impossible Burger will be available for $5.99, and the patty package will retail at a competitively low price of under $5. Impossible Burger is also available through Lidl home delivery via shoplidl.com. Lidl is the worlds third largest grocery chain, known for its international presence with around 11,200 stores across 32 countries, predominantly in Europe. The company established its US Headquarters in Arlington, Virginia in 2015 and currently operates 145 stores along the East Coast. The California-based startup Impossible Foods is also eyeing a major growth year. In 2020, the company expanded its grocery footprint by more than 100x, and in early 2021 lowered its suggested retail prices by 20% for grocery stores and supermarkets throughout the United States. We have achieved phenomenal growth in our domestic grocery store footprint in the past 12 months as we continue to meet the rapidly growing demand for our products, said Impossible Foods President Dennis Woodside. Through our relationship with Lidl we also hope to learn valuable insights about serving the European market, one that is hugely important to us and our long-term mission. We believe that delicious and sustainable plant-based meat will help Europe achieve its ambitious environmental targets by displacing demand for resource-intensive animal agriculture. We are excited to launch Impossible Foods products in our stores starting this week, especially as we see the growing enthusiasm of our customers for plant-based products, said Stefan Schwarz, Lidl US Executive Vice President of Purchasing. Lidls best-in-industry pricing for Impossible Foods patties is also an example of our commitment to high quality products at unbelievably low prices. Already considered the worlds No. 1 environmental startup, Impossible Foods mission is to reverse global warming and halt the worlds catastrophic biodiversity collapse by building a sustainable food system that can scale to meet the demand of the growing global population. Impossible Foods does not yet sell its products in Europe, but is eager to offer its enormous sustainability benefits to a continent set on achieving some of the most ambitious climate goals in the world. Grocery Growth Impossible Foods had a blazing year of retail growth in 2020 by increasing its grocery store footprint by more than 100x. The companys award-winning Impossible Burger is now available at around 22,000 grocery stores across the US. Impossible Burger made its grocery store debut in September 2019, when it immediately rocketed to the No. 1 item sold on the East and West coasts at some of Americas favorite grocery stores, easily outselling all ground beef from cows at many grocery stores. At one grocery store in Southern California, Impossible Burger outsold all brands of ground beef from cows -- and it outsold the next most popular single product by 6X. Delicious, nutrient-rich, sustainable Named top plant-based burger by the New York Times and a favorite by Cooks Illustrated, Impossible Burger rivals ground beef from cows for taste, and its also packed with nutrients and versatile in all ground meat recipes, including stews, chili, sauces, braises, minces, meatballs, meat pies or any other beefy menu item. Its easy to cook on an outdoor BBQ grill, flat top, Instant Pot, high speed oven, steamer or saut pan. Impossible Burger has as much protein and bioavailable iron as a comparable serving of ground beef from cows. A 4-ounce serving of Impossible Burger has 0 mg cholesterol, 14 g of total fat, 8 g of saturated fat and 240 calories. (A conventional 4-ounce 80/20 patty from cows has 80 mg cholesterol, 23 g of total fat, 9 g of saturated fat and 290 calories.) Impossible Burger contains no animal hormones or antibiotics, and is kosher, halal and gluten-free certified. And because its made from plants and bioengineered, it uses 96% less land, 87% less water and 89% fewer greenhouse gas emissions compared to conventional beef from cows. Home chefs can also log into Impossible Foods Impact Calculator to learn how much they have reduced their land, water and greenhouse gas emissions footprints by using Impossible Burger instead of ground beef from cows. To find a retailer near you carrying Impossible Burger, visit www.impossiblefoods.com. About Impossible Foods: Based in Californias Silicon Valley, Impossible Foods makes delicious, nutritious meat and dairy products from plants with a much smaller environmental footprint than meat from animals. The privately held food tech startup was founded in 2011 by Patrick O. Brown, M.D., Ph.D., Professor Emeritus of Biochemistry at Stanford University and a former Howard Hughes Medical Institute investigator. Investors include Mirae Asset Global Investments, Khosla Ventures, Bill Gates, Google Ventures, Horizons Ventures, UBS, Viking Global Investors, Temasek, Sailing Capital, and Open Philanthropy Project. Impossible Foods was Inc. Magazines company of the year and one of Time Magazines 50 Genius companies. The flagship product, Impossible Burger, was named top plant-based burger by the New York Times and received the Food and Beverage (FABI) Award from the National Restaurant Association. About Lidl Lidl operates around 11,200 stores and is active in 32 countries, employing more than 310,000 employees globally. Lidl offers customers the highest quality fresh produce, meat, bakery items and a wide array of household products at the lowest possible prices. Lidl first established its U.S. headquarters in Arlington County, Virginia, in June 2015, and today sells its award-winning products in more than 140 stores across nine east coast states. For more information, visit www.Lidl.com. More information: impossiblefoods.comTwitter Facebook Instagram YouTube Medium LinkedIn Media kit: www.impossiblefoods.com/media |
edtsum512 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: AUSTIN, Texas, April 6, 2021 /PRNewswire/ --ASCENT, the leading Software-as-a-Service (SaaS) platform for comprehensive security and compliance management, today released the ASCENT Security Compliance Portal, version 5.0. Designed to manage security and compliance tasks throughout their lifecycle, the new portal is a cost-effective solution for companies looking to meet and adhere to leading frameworks, with the insight and accountability needed to prove regulatory compliance. "Managing security and compliance can be a tedious and complex task, which has been further complicated by a flood of single, point products," said Bryon Miller, CISO and Hosted Portal Lead, ASCENT. "With the ASCENT Security Compliance Portal, organizations can automate their security processes while gaining a single source of compliance truth for visibility into achievements and gaps across leading security frameworks. In a single cloud-based platform, security and compliance teams now have everything they need to manage compliance readiness." The new ASCENT Security Compliance Portal automates security program processes, including assessments, policies, plans, and incident response, end-to-end. The new portal also features capabilities for complete vendor management and artifact storage so that companies can simplify their adherence to leading compliance frameworks while retaining regulatory proof to simplify auditing response. Key features of the portal include: Security Assessments. Providing the real-time status for any control framework, or multiple control frameworks, ASCENT security assessments provide complete, continuous monitoring of controls to ensure assessments are always current. Security and Compliance Calendar. Featuring automated email reminders to control owners, the security and compliance calendar proactively manages and monitors control tasks so last-minute data collection is avoided. Risk Assessments. ASCENT provides annual risk assessments for natural, man-made, business, and IT risks, to ensure appropriate mitigation steps can be performed. Once completed, it's easy to maintain changes and report on real-time status to ensure the risk assessments are current. Complete Vendor Management. ASCENT simplifies vendor management processes, automating vendor due diligence assessments where vendors are notified of the need to complete their risk assessment directly within the portal. Vendor contract management features also monitor, manage and alert on renewals and expirations. Automated and On-Demand Reporting. ASCENT provides automated weekly reporting and offers customizable on-demand reporting across critical compliance areas including security assessments, security awareness training, outstanding compliance tasks and more. ASCENT Security Compliance Portal is a multi-tenant solution that offers out-of-the-box compliance framework processes for CIS Top 20, Cybersecurity Assessment Tool (CAT), Cybersecurity Maturity Model Certification (CMMC), FedRAMP, FFIEC, GDPR, HIPAA/HITECH/HITRUST CSF, ISO 27001/27002, NIST (FISMA), PCI-DSS and over 30 additional industry-standard frameworks. The solution is ideal for regulated industries, including financial services, DoD contractors and suppliers, healthcare organizations, law firms and auditing firms as well as the managed services providers (MSPs) that support them to ensure security and compliance practices for their customers. "GiaSpace has been performing network audits as one-offs for many years, but we were missing a portal that we could use to deliver our Compliance as a Service," said Robert Giannini, Strategic Technology Consultant, GiaSpace, a managed IT and security services provider. "When the DoD ramped up the intro of CMMC, we put forth a lot of searching for a system that we could use to manage NIST, CMMC, and HIPAA audits.After our initial trial and error, we found the ASCENT Portal.Today we use the ASCENT Portal to manage several multi-tenant audits and the required supporting documentation.I strongly feel this is a system that is going to streamline our efforts in getting DoD contractors CMMC certified and manage those findings in a secure system." Available now, the SaaS-based ASCENT Security Compliance Portal pricing starts at $4,800 annually. For more information, visit: www.ascent-portal.com. About ASCENT ASCENTis the leading Software-as-a-Service (SaaS) platform for comprehensive security and compliance management. Enabling organizations of all sizes to automate and maintain a complete security and compliance program, ASCENT aligns processes with leading industry frameworks to increase efficiency, eliminate work duplication, ensure vendor compliance and provide deep visibility into compliance risk. Based on 50 years of compliance experience, ASCENT lowers compliance costs and risk while protecting companies from security exposure. Learn more at www.ascent-portal.com. Press Contact:Erin JonesAvista PR for ASCENTP: 704.664.2170 [emailprotected] SOURCE ASCENT Related Links http://www.ascent-portal.com
Answer: | ASCENT Launches ASCENT Security Compliance Portal New SaaS Platform Provides Comprehensive Security and Compliance Management to Automate Compliance Processes and Align Activities with Key Industry Frameworks | AUSTIN, Texas, April 6, 2021 /PRNewswire/ --ASCENT, the leading Software-as-a-Service (SaaS) platform for comprehensive security and compliance management, today released the ASCENT Security Compliance Portal, version 5.0. Designed to manage security and compliance tasks throughout their lifecycle, the new portal is a cost-effective solution for companies looking to meet and adhere to leading frameworks, with the insight and accountability needed to prove regulatory compliance. "Managing security and compliance can be a tedious and complex task, which has been further complicated by a flood of single, point products," said Bryon Miller, CISO and Hosted Portal Lead, ASCENT. "With the ASCENT Security Compliance Portal, organizations can automate their security processes while gaining a single source of compliance truth for visibility into achievements and gaps across leading security frameworks. In a single cloud-based platform, security and compliance teams now have everything they need to manage compliance readiness." The new ASCENT Security Compliance Portal automates security program processes, including assessments, policies, plans, and incident response, end-to-end. The new portal also features capabilities for complete vendor management and artifact storage so that companies can simplify their adherence to leading compliance frameworks while retaining regulatory proof to simplify auditing response. Key features of the portal include: Security Assessments. Providing the real-time status for any control framework, or multiple control frameworks, ASCENT security assessments provide complete, continuous monitoring of controls to ensure assessments are always current. Security and Compliance Calendar. Featuring automated email reminders to control owners, the security and compliance calendar proactively manages and monitors control tasks so last-minute data collection is avoided. Risk Assessments. ASCENT provides annual risk assessments for natural, man-made, business, and IT risks, to ensure appropriate mitigation steps can be performed. Once completed, it's easy to maintain changes and report on real-time status to ensure the risk assessments are current. Complete Vendor Management. ASCENT simplifies vendor management processes, automating vendor due diligence assessments where vendors are notified of the need to complete their risk assessment directly within the portal. Vendor contract management features also monitor, manage and alert on renewals and expirations. Automated and On-Demand Reporting. ASCENT provides automated weekly reporting and offers customizable on-demand reporting across critical compliance areas including security assessments, security awareness training, outstanding compliance tasks and more. ASCENT Security Compliance Portal is a multi-tenant solution that offers out-of-the-box compliance framework processes for CIS Top 20, Cybersecurity Assessment Tool (CAT), Cybersecurity Maturity Model Certification (CMMC), FedRAMP, FFIEC, GDPR, HIPAA/HITECH/HITRUST CSF, ISO 27001/27002, NIST (FISMA), PCI-DSS and over 30 additional industry-standard frameworks. The solution is ideal for regulated industries, including financial services, DoD contractors and suppliers, healthcare organizations, law firms and auditing firms as well as the managed services providers (MSPs) that support them to ensure security and compliance practices for their customers. "GiaSpace has been performing network audits as one-offs for many years, but we were missing a portal that we could use to deliver our Compliance as a Service," said Robert Giannini, Strategic Technology Consultant, GiaSpace, a managed IT and security services provider. "When the DoD ramped up the intro of CMMC, we put forth a lot of searching for a system that we could use to manage NIST, CMMC, and HIPAA audits.After our initial trial and error, we found the ASCENT Portal.Today we use the ASCENT Portal to manage several multi-tenant audits and the required supporting documentation.I strongly feel this is a system that is going to streamline our efforts in getting DoD contractors CMMC certified and manage those findings in a secure system." Available now, the SaaS-based ASCENT Security Compliance Portal pricing starts at $4,800 annually. For more information, visit: www.ascent-portal.com. About ASCENT ASCENTis the leading Software-as-a-Service (SaaS) platform for comprehensive security and compliance management. Enabling organizations of all sizes to automate and maintain a complete security and compliance program, ASCENT aligns processes with leading industry frameworks to increase efficiency, eliminate work duplication, ensure vendor compliance and provide deep visibility into compliance risk. Based on 50 years of compliance experience, ASCENT lowers compliance costs and risk while protecting companies from security exposure. Learn more at www.ascent-portal.com. Press Contact:Erin JonesAvista PR for ASCENTP: 704.664.2170 [emailprotected] SOURCE ASCENT Related Links http://www.ascent-portal.com |
edtsum513 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: HOUSTON, Aug. 5, 2020 /PRNewswire/ --Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced results for the three months and full year ended June 30, 2020. As a result of the Company's recent acquisition of JP3 in May, Flotek is presenting its results as two reported segments: Chemistry Technologies and Data Analytics. John W. Gibson, Jr., Chairman, President, and Chief Executive Officer, stated: "The oil and gas market is experiencing unprecedented disruption. We continue to face challenges related to the oversupply of crude oil and the global health crisis, which has led to a sharp reduction in prices and limitations of storage capacity. As we look forward, we continue to transform our long-term strategy and adapt to an evolving environment. We remain focused on our digital transformation through our recent acquisition of JP3, a leading data and analytics technology company, which diversifies our revenue stream and better serves our customers amidst accelerating digital transformation in the energy industry. Our near-term growth opportunities in our Data Analytics segment include continued acceleration of our Data-as-a-Service (DaaS) product offerings and expansion of our reach into international markets. Additionally, the recent launch of our premium-grade sanitizer operations exemplifies how we are adapting and reallocating our existing chemistries and production capabilities to new business that will drive greater returns." Second Quarter Financial Results Effective April 1, 2020, Flotek's Energy Chemistry Technologies segment has been renamed the Chemistry Technologies segment and also includes the Company's recently launched sanitizer operations. Flotek's second segment, Data Analytics, was created in conjunction with the acquisition of JP3 Measurement, LLC ("JP3"). Second quarter results for the Data Analytics segment only include JP3 business operations after May 18, 2020, the date of the acquisition, through the end of the quarter. Flotek generated second quarter 2020 consolidated revenue of $8.9 million for three months ended June 30, 2020 compared to $34.7 million in the second quarter 2019 and declined 54.3% from $19.4 million on a sequential basis. Consolidated revenue continues to be impacted by a volatile macro-environment for U.S. onshore drilling and completion activity, further impacted by global economic events, as well as concerns related to COVID-19 pressuring productivity and customer demand. Reported a loss from continuing operations for the second quarter 2020 of $9.6 million, or a loss of $0.14 per diluted share, compared to a loss from continuing operations in the second quarter 2019 of $12.8 million, or a loss of $0.22 per diluted share. The loss of $9.6 million included a $0.6 million gain on lease termination related to the termination of the corporate headquarters lease. Consolidated operating expenses (excluding depreciation and amortization) were $11.6 million in the second quarter 2020, down 69.5% from $38.1 million in the same period last year, primarily reflecting lower fixed and variable costs. Corporate general and administrative expenses for the second quarter of 2020 were $5.4 million compared to $6.1 million for the second quarter of 2019. Adjusted EBITDA for the second quarter 2020 was a loss of $6.8 million which narrowed from the loss of $9.4 million during the second quarter of 2019 driven by headcount and expense reductions in freight, equipment rentals, and travel & entertainment. Although revenue fell sequentially by 54.3%, Flotek's progress in cost reduction resulted in adjusted EBITDA decreasing by only 4.0% sequentially. The Company expects to delay the filing of its second quarter 2020 Form 10-Q, as the Company may need to make adjustments in previously issued financial statements to the classification on the statements of cash flows related to the sale of Florida Chemical Company to Archer-Daniels-Midland in February 2019 and related escrow account. The Company is working diligently to finish its review and file the Form 10-Q by August 17, 2020. The Company currently does not anticipate any impact from this adjustment on its overall cash position or statement of operations for fiscal year 2020 or prior periods. Balance Sheet and Liquidity As of June 30, 2020, the Company had cash and equivalents of $59.9 million. As previously disclosed, on April 16, 2020, the Company received a $4.8 million loan and JP3 received a $0.9 million loan, both pursuant to the Paycheck Protection Program administered by the United States Small Business Administration as part of the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act"). Additionally, in the first quarter of 2020, Flotek recorded an income tax provision of $6.1 millionpursuant to the CARES Act extended net operating loss ("NOL") carryback provisions and has a remaining NOL as of December 31, 2019 of approximately $49.7 million which is fully covered by a valuation allowance. In response to the pandemic and the volatile oil and gas market environment, the Company has taken numerous actions over the past two quarters to increase its financial flexibility and preserve liquidity, including reducing headcount, decreasing compensation for executive officers and the Board of Directors, and cutting back discretionary spending. Premium-Grade Sanitizer Operations Last quarter, Flotek utilized its existing chemical production capabilities and facilities to begin producing high-quality sanitizers, which it initially donated to local communities, including first responders, hospitals, schools, homeless shelters and senior residential communities during the first half of the year. Driven by increased demand for high-quality sanitizer products and long-term commercial opportunities, in the second quarter, Flotek launched a commercial line of premium-grade, U.S. Food and Drug Administration-registered sanitizers and disinfectants for commercial and personal consumer use. The new commercial product line enables Flotek to diversify its business model, while leveraging its expertise in specialty chemistry, ISO-certified manufacturing, supply chain management and research, along with its historic consumer market experience. Products, which include hand and surface sanitizers, target growth opportunities across diverse sectors including hospitals, travel and hospitality, food services, e-commerce and retail, sports and entertainment and other industrial and commercial markets. Results for sanitizer operations are reported as a part of the Chemistry Technologies segment. JP3 As previously announced, in May, Flotek acquired 100% ownership of JP3, an equipment and data company that automates real-time data and analytics to the energy industry to maximize the value of their hydrocarbons. The transaction was valued at $36.6 million, comprised of $25 million in cash and 11.5 million shares in Flotek, with the potential for a $5 million earnout based on the future share price of Flotek. In July, JP3 finalized its joint sales and marketing agreement with Phillips 66 to launch a data service solution aimed at providing significant savings to refined fuels producers, transporters, and distribution of terminal operations. Results for JP3 operations are reported in the Data Analytics segment after May 18, 2020, the date of the acquisition. Leadership Updates Flotek has announced several changes within its executive leadership team. Michael E. Borton recently joined as Chief Financial Officer (CFO). Mr. Borton was previously CFO at Dynasty Sports and Entertainment, a data and analytics sports and entertainment technology company, and prior served as CFO for multiple SaaS and technology companies. Effective June 22, 2020, TengBeng Koid joined in a newly created role as President of Global Business, where he oversees domestic and international business development strategy for both the Chemistry Technologies and Data Analytics segments of Flotek. In this role, Mr. Koid is also responsible for accelerating the JP3 DaaS transition and opening doors to new markets. Finally, Flotek is pleased to promote Ryan Ezell, Ph. D, in a newly created role as President of Chemistry Technologies. Previously, Dr. Ezell was Senior Vice President of Operations of Flotek. These leadership changes exemplify how Flotek is positioning itself towards future growth. Conference Call Details Flotek will host a conference call on Thursday, August 6, 2020, at 9:00 AM CT (10:00 AM ET) to discuss its operating results for the three months ended June 30, 2020. To participate in the call, participants should dial 888-390-3983 approximately five minutes prior to the start of the call. The call can also be accessed from Flotek's website at www.flotekind.com. About Flotek Industries, Inc. Flotek empowers the energy industry to maximize the value of their hydrocarbon streams and improve return on invested capital through data-driven platforms and chemistry technologies. Flotek serves downstream, midstream and upstream customers, both domestic and international. Flotek is a publicly traded company headquartered in Houston, Texas, and its common shares are traded on the New York Stock Exchange under the ticker symbol "FTK." For additional information, please visit Flotek's web site at www.flotekind.com. Forward-Looking Statements Certain statements set forth in this press release constitute forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) regarding Flotek Industries, Inc.'s business, financial condition, results of operations and prospects. Words such as will, continue, expects, anticipates, intends, plans, believes, seeks, estimates and similar expressions or variations of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this press release. Although forward-looking statements in this press release reflect the good faith judgment of management, such statements can only be based on facts and factors currently known to management. Consequently, forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Further information about the risks and uncertainties that may impact the Company are set forth in the Company's most recent filing with the Securities and Exchange Commission on Form 10-K (including, without limitation, in the "Risk Factors" section thereof), and in the Company's other SEC filings and publicly available documents. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this press release. Flotek Industries, Inc. Unaudited Condensed Consolidated Statements of Operations (in thousands, except per share data) Three Months Ended Six Months Ended 6/30/2020 6/30/2019 3/31/2020 6/30/2020 6/30/2019 Revenue $ 8,880 $ 34,692 $ 19,416 $ 28,296 $ 77,949 Costs and expenses: Operating expenses (excluding depreciation and amortization) 11,632 38,121 22,841 34,473 82,089 Corporate general and administrative 5,395 6,054 4,493 9,888 13,335 Depreciation and amortization 468 2,119 2,191 2,659 4,379 Research and development 1,638 2,076 2,555 4,193 4,360 (Gain) loss on disposal of long-lived assets (22) (4) (33) (55) 1,093 Impairment of fixed and long-lived assets - - 57,454 57,454 - Total costs and expenses 19,111 48,366 89,501 108,612 105,256 Loss from operations (10,231) (13,674) (70,085) (80,316) (27,307) Other (expense) income: Gain on Lease Termination 576 - - 576 - Interest expense (16) (16) (4) (20) (2,013) Other (expense) income, net 78 693 (47) 31 800 Total other (expense) income 638 677 (51) 587 (1,213) Loss before income taxes (9,593) (12,997) (70,136) (79,729) (28,520) Income tax benefit 32 192 6,169 6,201 503 Loss from continuing operations (9,561) (12,805) (63,967) (73,528) (28,017) Income (loss) from discontinued operations, net of tax - (1,608) - - 44,466 Net (loss) income (9,561) (14,413) (63,967) (73,528) 16,449 Basic earnings (loss) per common share: Continuing operations $ (0.14) $ (0.22) $ (1.07) $ (1.17) $ (0.48) Discontinued operations, net of tax - (0.03) - - 0.76 Basic earnings (loss) per common share $ (0.14) $ (0.25) $ (1.07) $ (1.17) $ 0.28 Diluted earnings (loss) per common share: Continuing operations $ (0.14) $ (0.22) $ (1.07) $ (1.17) $ (0.48) Discontinued operations, net of tax - (0.03) - - 0.76 Diluted earnings (loss) per common share $ (0.14) $ (0.25) $ (1.07) $ (1.17) $ 0.28 Weighted average common shares: Weighted average common shares used in computing basic earnings (loss) per common share 66,035 58,608 59,836 62,828 58,491 Weighted average common shares used in computing diluted earnings (loss) per common share 66,035 58,608 59,836 62,828 58,491 (1) Results of the Company's Consumer and Industrial Chemistry Technologies ("CICT") segment are presented as discontinued operations for all periods.(2) Prior periods presented for 2019 have been adjusted to reflect revisions to results determined not to be material to those prior periods. Flotek Industries, Inc. Unaudited Condensed Consolidated Balance Sheets (in thousands, except share data) June 30, 2020 December 31, 2019 ASSETS Current assets: Cash and cash equivalents 59,926 $ 100,575 Restricted cash 664 663 Accounts receivable, net of allowance for doubtful accounts of $1,383 and $1,527 at June 30, 2020 and December 31, 2019, respectively 8,108 15,638 Inventories, net 23,338 23,210 Income taxes receivable 6,846 631 Other current assets 2,407 13,191 Total current assets 101,289 153,908 Property and equipment, net 8,017 39,829 Operating lease right-of-use assets 2,422 16,388 Goodwill 17,522 Deferred tax assets, net 152 152 Other intangible assets, net 12,777 20,323 Other long-term assets 17 TOTAL ASSETS $ 142,196 $ 230,600 LIABILITIES AND STOCKHOLDERS' & EQUITY Current liabilities: Accounts payable $ 7,877 $ 16,231 Accrued liabilities 10,474 24,552 Income taxes payable 12 Current portion of long-term debt 2,527 Current portion of operating lease liabilities 654 486 Current portion of finance lease liabilities 57 55 Total current liabilities 21,601 41,324 Long-term debt, less current portion 3,144 Deferred revenue, long-term 111 Long-term operating lease liabilities 8,497 16,973 Long-term finance lease liabilities 127 158 Deferred tax liabilities, net 11 116 Total liabilities 33,491 58,571 Stockholders' Equity: Preferred stock, $0.0001 par value, 100,000 shares authorized; no shares issued and outstanding Common stock, $0.0001 par value, 140,000,000 shares authorized; 77,626,135 shares issued and 73,166,719 shares outstanding at June 30, 2020; 63,656,897 shares issued and 59,511,416 shares outstanding at December31, 2019 7 6 Additional paid-in capital 357,980 347,564 Accumulated other comprehensive income 51 181 Retained earnings (accumulated deficit) (215,767) (142,238) Treasury stock, at cost; 4,459,416 and 4,145,481 shares at June 30, 2020 and December31, 2019 respectively (33,566) (33,484) Total stockholders' equity 108,705 172,029 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 142,196 $ 230,600 (1) Results of the Company's Consumer and Industrial Chemistry Technologies ("CICT") segment are presented as discontinued operations for all periods.(2) Prior periods presented for 2019 have been adjusted to reflect revisions to results determined not to be material to those prior periods. Flotek Industries, Inc. Unaudited Reconciliation of Non-GAAP Items and Non-Cash Items Impacting Earnings (in thousands) GAAP Loss from Continuing Operations and Reconciliation to Adjusted EBITDA (Non-GAAP) Three Months Ended Six Months Ended 6/30/2020 6/30/2019 3/31/2020 6/30/2020 6/30/2019 Loss from Continuing Operations (GAAP) $ (9,561) $ (12,805) $ (63,967) $ (73,528) $ (28,017) Interest Expense 16 16 4 20 2,013 Interest Income 12 (685) (269) (257) (912) Income Tax Benefit (32) (192) (6,169) (6,201) (503) Depreciation and Amortization 468 2,119 2,191 2,659 4,379 Impairment of Fixed and Long Lived Assets - - 57,454 57,454 - EBITDA (Non-GAAP) $ (9,097) $ (11,547) $ (10,756) $ (19,853) $ (23,040) Stock Compensation Expense 1,059 1,213 462 1,521 1,669 Severance and Retirement 1,227 356 1,538 2,765 2,077 M&A Transaction Costs 498 - - 498 - Inventory Step-Up 155 - - 155 - Shareholder-Related Activities - 71 - - 652 Operations Related Contract Termination - 500 - - - (Gain) loss on Disposal of Assets (22) (4) (33) (55) 1,093 Gain on Lease Termination (576) - - (576) - Inventory Write-Down - - 1,468 1,468 - Supply Chain Contract Commitment - - 825 825 - Adjusted EBITDA (Non-GAAP) $ (6,756) $ (9,411) $ (6,496) $ (13,252) $ (17,549) (1) Management believes that adjusted EBITDA for the three and six months ended June 30, 2020 and June 30, 2019, and the three months ended March 31, 2020, is useful to investors to assess and understand operating performance, especially when comparing those results with previous and subsequent periods. Management views the expenses noted above to be outside of the Company's normal operating results. Management analyzes operating results without the impact of the above items as an indicator of performance, to identify underlying trends in the business and cash flow from continuing operations, and to establish operational goals.(2) Results of the Company's Consumer and Industrial Chemistry Technologies ("CICT") segment are presented as discontinued operations for all periods.(3) Prior periods presented for 2019 have been adjusted to reflect revisions to results determined not to be material to those prior periods. SOURCE Flotek Industries, Inc. Related Links http://www.flotekind.com
Answer: | Flotek Announces Second Quarter 2020 Earnings Results | HOUSTON, Aug. 5, 2020 /PRNewswire/ --Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced results for the three months and full year ended June 30, 2020. As a result of the Company's recent acquisition of JP3 in May, Flotek is presenting its results as two reported segments: Chemistry Technologies and Data Analytics. John W. Gibson, Jr., Chairman, President, and Chief Executive Officer, stated: "The oil and gas market is experiencing unprecedented disruption. We continue to face challenges related to the oversupply of crude oil and the global health crisis, which has led to a sharp reduction in prices and limitations of storage capacity. As we look forward, we continue to transform our long-term strategy and adapt to an evolving environment. We remain focused on our digital transformation through our recent acquisition of JP3, a leading data and analytics technology company, which diversifies our revenue stream and better serves our customers amidst accelerating digital transformation in the energy industry. Our near-term growth opportunities in our Data Analytics segment include continued acceleration of our Data-as-a-Service (DaaS) product offerings and expansion of our reach into international markets. Additionally, the recent launch of our premium-grade sanitizer operations exemplifies how we are adapting and reallocating our existing chemistries and production capabilities to new business that will drive greater returns." Second Quarter Financial Results Effective April 1, 2020, Flotek's Energy Chemistry Technologies segment has been renamed the Chemistry Technologies segment and also includes the Company's recently launched sanitizer operations. Flotek's second segment, Data Analytics, was created in conjunction with the acquisition of JP3 Measurement, LLC ("JP3"). Second quarter results for the Data Analytics segment only include JP3 business operations after May 18, 2020, the date of the acquisition, through the end of the quarter. Flotek generated second quarter 2020 consolidated revenue of $8.9 million for three months ended June 30, 2020 compared to $34.7 million in the second quarter 2019 and declined 54.3% from $19.4 million on a sequential basis. Consolidated revenue continues to be impacted by a volatile macro-environment for U.S. onshore drilling and completion activity, further impacted by global economic events, as well as concerns related to COVID-19 pressuring productivity and customer demand. Reported a loss from continuing operations for the second quarter 2020 of $9.6 million, or a loss of $0.14 per diluted share, compared to a loss from continuing operations in the second quarter 2019 of $12.8 million, or a loss of $0.22 per diluted share. The loss of $9.6 million included a $0.6 million gain on lease termination related to the termination of the corporate headquarters lease. Consolidated operating expenses (excluding depreciation and amortization) were $11.6 million in the second quarter 2020, down 69.5% from $38.1 million in the same period last year, primarily reflecting lower fixed and variable costs. Corporate general and administrative expenses for the second quarter of 2020 were $5.4 million compared to $6.1 million for the second quarter of 2019. Adjusted EBITDA for the second quarter 2020 was a loss of $6.8 million which narrowed from the loss of $9.4 million during the second quarter of 2019 driven by headcount and expense reductions in freight, equipment rentals, and travel & entertainment. Although revenue fell sequentially by 54.3%, Flotek's progress in cost reduction resulted in adjusted EBITDA decreasing by only 4.0% sequentially. The Company expects to delay the filing of its second quarter 2020 Form 10-Q, as the Company may need to make adjustments in previously issued financial statements to the classification on the statements of cash flows related to the sale of Florida Chemical Company to Archer-Daniels-Midland in February 2019 and related escrow account. The Company is working diligently to finish its review and file the Form 10-Q by August 17, 2020. The Company currently does not anticipate any impact from this adjustment on its overall cash position or statement of operations for fiscal year 2020 or prior periods. Balance Sheet and Liquidity As of June 30, 2020, the Company had cash and equivalents of $59.9 million. As previously disclosed, on April 16, 2020, the Company received a $4.8 million loan and JP3 received a $0.9 million loan, both pursuant to the Paycheck Protection Program administered by the United States Small Business Administration as part of the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act"). Additionally, in the first quarter of 2020, Flotek recorded an income tax provision of $6.1 millionpursuant to the CARES Act extended net operating loss ("NOL") carryback provisions and has a remaining NOL as of December 31, 2019 of approximately $49.7 million which is fully covered by a valuation allowance. In response to the pandemic and the volatile oil and gas market environment, the Company has taken numerous actions over the past two quarters to increase its financial flexibility and preserve liquidity, including reducing headcount, decreasing compensation for executive officers and the Board of Directors, and cutting back discretionary spending. Premium-Grade Sanitizer Operations Last quarter, Flotek utilized its existing chemical production capabilities and facilities to begin producing high-quality sanitizers, which it initially donated to local communities, including first responders, hospitals, schools, homeless shelters and senior residential communities during the first half of the year. Driven by increased demand for high-quality sanitizer products and long-term commercial opportunities, in the second quarter, Flotek launched a commercial line of premium-grade, U.S. Food and Drug Administration-registered sanitizers and disinfectants for commercial and personal consumer use. The new commercial product line enables Flotek to diversify its business model, while leveraging its expertise in specialty chemistry, ISO-certified manufacturing, supply chain management and research, along with its historic consumer market experience. Products, which include hand and surface sanitizers, target growth opportunities across diverse sectors including hospitals, travel and hospitality, food services, e-commerce and retail, sports and entertainment and other industrial and commercial markets. Results for sanitizer operations are reported as a part of the Chemistry Technologies segment. JP3 As previously announced, in May, Flotek acquired 100% ownership of JP3, an equipment and data company that automates real-time data and analytics to the energy industry to maximize the value of their hydrocarbons. The transaction was valued at $36.6 million, comprised of $25 million in cash and 11.5 million shares in Flotek, with the potential for a $5 million earnout based on the future share price of Flotek. In July, JP3 finalized its joint sales and marketing agreement with Phillips 66 to launch a data service solution aimed at providing significant savings to refined fuels producers, transporters, and distribution of terminal operations. Results for JP3 operations are reported in the Data Analytics segment after May 18, 2020, the date of the acquisition. Leadership Updates Flotek has announced several changes within its executive leadership team. Michael E. Borton recently joined as Chief Financial Officer (CFO). Mr. Borton was previously CFO at Dynasty Sports and Entertainment, a data and analytics sports and entertainment technology company, and prior served as CFO for multiple SaaS and technology companies. Effective June 22, 2020, TengBeng Koid joined in a newly created role as President of Global Business, where he oversees domestic and international business development strategy for both the Chemistry Technologies and Data Analytics segments of Flotek. In this role, Mr. Koid is also responsible for accelerating the JP3 DaaS transition and opening doors to new markets. Finally, Flotek is pleased to promote Ryan Ezell, Ph. D, in a newly created role as President of Chemistry Technologies. Previously, Dr. Ezell was Senior Vice President of Operations of Flotek. These leadership changes exemplify how Flotek is positioning itself towards future growth. Conference Call Details Flotek will host a conference call on Thursday, August 6, 2020, at 9:00 AM CT (10:00 AM ET) to discuss its operating results for the three months ended June 30, 2020. To participate in the call, participants should dial 888-390-3983 approximately five minutes prior to the start of the call. The call can also be accessed from Flotek's website at www.flotekind.com. About Flotek Industries, Inc. Flotek empowers the energy industry to maximize the value of their hydrocarbon streams and improve return on invested capital through data-driven platforms and chemistry technologies. Flotek serves downstream, midstream and upstream customers, both domestic and international. Flotek is a publicly traded company headquartered in Houston, Texas, and its common shares are traded on the New York Stock Exchange under the ticker symbol "FTK." For additional information, please visit Flotek's web site at www.flotekind.com. Forward-Looking Statements Certain statements set forth in this press release constitute forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) regarding Flotek Industries, Inc.'s business, financial condition, results of operations and prospects. Words such as will, continue, expects, anticipates, intends, plans, believes, seeks, estimates and similar expressions or variations of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this press release. Although forward-looking statements in this press release reflect the good faith judgment of management, such statements can only be based on facts and factors currently known to management. Consequently, forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Further information about the risks and uncertainties that may impact the Company are set forth in the Company's most recent filing with the Securities and Exchange Commission on Form 10-K (including, without limitation, in the "Risk Factors" section thereof), and in the Company's other SEC filings and publicly available documents. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this press release. Flotek Industries, Inc. Unaudited Condensed Consolidated Statements of Operations (in thousands, except per share data) Three Months Ended Six Months Ended 6/30/2020 6/30/2019 3/31/2020 6/30/2020 6/30/2019 Revenue $ 8,880 $ 34,692 $ 19,416 $ 28,296 $ 77,949 Costs and expenses: Operating expenses (excluding depreciation and amortization) 11,632 38,121 22,841 34,473 82,089 Corporate general and administrative 5,395 6,054 4,493 9,888 13,335 Depreciation and amortization 468 2,119 2,191 2,659 4,379 Research and development 1,638 2,076 2,555 4,193 4,360 (Gain) loss on disposal of long-lived assets (22) (4) (33) (55) 1,093 Impairment of fixed and long-lived assets - - 57,454 57,454 - Total costs and expenses 19,111 48,366 89,501 108,612 105,256 Loss from operations (10,231) (13,674) (70,085) (80,316) (27,307) Other (expense) income: Gain on Lease Termination 576 - - 576 - Interest expense (16) (16) (4) (20) (2,013) Other (expense) income, net 78 693 (47) 31 800 Total other (expense) income 638 677 (51) 587 (1,213) Loss before income taxes (9,593) (12,997) (70,136) (79,729) (28,520) Income tax benefit 32 192 6,169 6,201 503 Loss from continuing operations (9,561) (12,805) (63,967) (73,528) (28,017) Income (loss) from discontinued operations, net of tax - (1,608) - - 44,466 Net (loss) income (9,561) (14,413) (63,967) (73,528) 16,449 Basic earnings (loss) per common share: Continuing operations $ (0.14) $ (0.22) $ (1.07) $ (1.17) $ (0.48) Discontinued operations, net of tax - (0.03) - - 0.76 Basic earnings (loss) per common share $ (0.14) $ (0.25) $ (1.07) $ (1.17) $ 0.28 Diluted earnings (loss) per common share: Continuing operations $ (0.14) $ (0.22) $ (1.07) $ (1.17) $ (0.48) Discontinued operations, net of tax - (0.03) - - 0.76 Diluted earnings (loss) per common share $ (0.14) $ (0.25) $ (1.07) $ (1.17) $ 0.28 Weighted average common shares: Weighted average common shares used in computing basic earnings (loss) per common share 66,035 58,608 59,836 62,828 58,491 Weighted average common shares used in computing diluted earnings (loss) per common share 66,035 58,608 59,836 62,828 58,491 (1) Results of the Company's Consumer and Industrial Chemistry Technologies ("CICT") segment are presented as discontinued operations for all periods.(2) Prior periods presented for 2019 have been adjusted to reflect revisions to results determined not to be material to those prior periods. Flotek Industries, Inc. Unaudited Condensed Consolidated Balance Sheets (in thousands, except share data) June 30, 2020 December 31, 2019 ASSETS Current assets: Cash and cash equivalents 59,926 $ 100,575 Restricted cash 664 663 Accounts receivable, net of allowance for doubtful accounts of $1,383 and $1,527 at June 30, 2020 and December 31, 2019, respectively 8,108 15,638 Inventories, net 23,338 23,210 Income taxes receivable 6,846 631 Other current assets 2,407 13,191 Total current assets 101,289 153,908 Property and equipment, net 8,017 39,829 Operating lease right-of-use assets 2,422 16,388 Goodwill 17,522 Deferred tax assets, net 152 152 Other intangible assets, net 12,777 20,323 Other long-term assets 17 TOTAL ASSETS $ 142,196 $ 230,600 LIABILITIES AND STOCKHOLDERS' & EQUITY Current liabilities: Accounts payable $ 7,877 $ 16,231 Accrued liabilities 10,474 24,552 Income taxes payable 12 Current portion of long-term debt 2,527 Current portion of operating lease liabilities 654 486 Current portion of finance lease liabilities 57 55 Total current liabilities 21,601 41,324 Long-term debt, less current portion 3,144 Deferred revenue, long-term 111 Long-term operating lease liabilities 8,497 16,973 Long-term finance lease liabilities 127 158 Deferred tax liabilities, net 11 116 Total liabilities 33,491 58,571 Stockholders' Equity: Preferred stock, $0.0001 par value, 100,000 shares authorized; no shares issued and outstanding Common stock, $0.0001 par value, 140,000,000 shares authorized; 77,626,135 shares issued and 73,166,719 shares outstanding at June 30, 2020; 63,656,897 shares issued and 59,511,416 shares outstanding at December31, 2019 7 6 Additional paid-in capital 357,980 347,564 Accumulated other comprehensive income 51 181 Retained earnings (accumulated deficit) (215,767) (142,238) Treasury stock, at cost; 4,459,416 and 4,145,481 shares at June 30, 2020 and December31, 2019 respectively (33,566) (33,484) Total stockholders' equity 108,705 172,029 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 142,196 $ 230,600 (1) Results of the Company's Consumer and Industrial Chemistry Technologies ("CICT") segment are presented as discontinued operations for all periods.(2) Prior periods presented for 2019 have been adjusted to reflect revisions to results determined not to be material to those prior periods. Flotek Industries, Inc. Unaudited Reconciliation of Non-GAAP Items and Non-Cash Items Impacting Earnings (in thousands) GAAP Loss from Continuing Operations and Reconciliation to Adjusted EBITDA (Non-GAAP) Three Months Ended Six Months Ended 6/30/2020 6/30/2019 3/31/2020 6/30/2020 6/30/2019 Loss from Continuing Operations (GAAP) $ (9,561) $ (12,805) $ (63,967) $ (73,528) $ (28,017) Interest Expense 16 16 4 20 2,013 Interest Income 12 (685) (269) (257) (912) Income Tax Benefit (32) (192) (6,169) (6,201) (503) Depreciation and Amortization 468 2,119 2,191 2,659 4,379 Impairment of Fixed and Long Lived Assets - - 57,454 57,454 - EBITDA (Non-GAAP) $ (9,097) $ (11,547) $ (10,756) $ (19,853) $ (23,040) Stock Compensation Expense 1,059 1,213 462 1,521 1,669 Severance and Retirement 1,227 356 1,538 2,765 2,077 M&A Transaction Costs 498 - - 498 - Inventory Step-Up 155 - - 155 - Shareholder-Related Activities - 71 - - 652 Operations Related Contract Termination - 500 - - - (Gain) loss on Disposal of Assets (22) (4) (33) (55) 1,093 Gain on Lease Termination (576) - - (576) - Inventory Write-Down - - 1,468 1,468 - Supply Chain Contract Commitment - - 825 825 - Adjusted EBITDA (Non-GAAP) $ (6,756) $ (9,411) $ (6,496) $ (13,252) $ (17,549) (1) Management believes that adjusted EBITDA for the three and six months ended June 30, 2020 and June 30, 2019, and the three months ended March 31, 2020, is useful to investors to assess and understand operating performance, especially when comparing those results with previous and subsequent periods. Management views the expenses noted above to be outside of the Company's normal operating results. Management analyzes operating results without the impact of the above items as an indicator of performance, to identify underlying trends in the business and cash flow from continuing operations, and to establish operational goals.(2) Results of the Company's Consumer and Industrial Chemistry Technologies ("CICT") segment are presented as discontinued operations for all periods.(3) Prior periods presented for 2019 have been adjusted to reflect revisions to results determined not to be material to those prior periods. SOURCE Flotek Industries, Inc. Related Links http://www.flotekind.com |
edtsum514 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, June 9, 2020 /PRNewswire/ --WebMD today announced that accomplished journalist and senior digital content executive Leah Gentry has joined the organization as Group Vice President, Content. Gentry joins WebMD with rich experience in digital strategy and audience engagement. Her career spans Fortune 50 companies and startups across media, communications technology, and publishing, including positions at the Los Angeles Times, the New York Times Company, and USAA. Gentry's appointment comes as WebMD continues its transformation from health information website to health information platform by forging deeper connections with consumers. Gentry will lead content strategy development and many aspects of the WebMD editorial teams. "I've worked with Leah before and she's a dynamo," said Bob Brisco, CEO of WebMD. "She has great editorial judgement, a penchant for product, cares deeply about mission, and enables teams to get stuff done. I'm confident that Leah will help accelerate WebMD's evolution." Gentry will report to WebMD SVP of Operations Beth Buehler while also working closely with WebMD SVP of Consumer Services Steve Peraino and WebMD CEO Bob Brisco. About WebMD WebMD Health Corp., an Internet Brands Company, is the leading provider of health information services, serving patients, physicians, health care professionals, employers, and health plans through public and private online portals, mobile platforms, and health-focused publications. The WebMD Health Network includes WebMD Health, Medscape, Jobson Healthcare Information, prIME Oncology, MediQuality, Frontline, Vitals Consumer Services, Aptus Health, MedicineNet, eMedicineHealth, RxList, OnHealth, Medscape Education, and other owned WebMD sites. WebMD, Medscape, CME Circle, Medpulse, eMedicine, MedicineNet, theheart.org, and RxList are among the trademarks of WebMD Health Corp. or its subsidiaries. About Internet Brands Headquartered in El Segundo, Calif., Internet Brands is a fully integrated online media and software services organization focused on four high-value vertical categories: Health, Automotive, Legal and Home/Travel. The company's award-winning consumer websites lead their categories and serve more than 250 million monthly visitors, while a full range of web presence offerings has established deep, long-term relationships with SMB and enterprise clients. Internet Brands' powerful, proprietary operating platform provides the flexibility and scalability to fuel the company's continued growth. Internet Brands is a portfolio company of KKR and Temasek. For more information, please visit www.internetbrands.com. SOURCE WebMD Health Corp.
Answer: | Journalist and Exec Leah Gentry Joins WebMD as Group Vice President of Content | NEW YORK, June 9, 2020 /PRNewswire/ --WebMD today announced that accomplished journalist and senior digital content executive Leah Gentry has joined the organization as Group Vice President, Content. Gentry joins WebMD with rich experience in digital strategy and audience engagement. Her career spans Fortune 50 companies and startups across media, communications technology, and publishing, including positions at the Los Angeles Times, the New York Times Company, and USAA. Gentry's appointment comes as WebMD continues its transformation from health information website to health information platform by forging deeper connections with consumers. Gentry will lead content strategy development and many aspects of the WebMD editorial teams. "I've worked with Leah before and she's a dynamo," said Bob Brisco, CEO of WebMD. "She has great editorial judgement, a penchant for product, cares deeply about mission, and enables teams to get stuff done. I'm confident that Leah will help accelerate WebMD's evolution." Gentry will report to WebMD SVP of Operations Beth Buehler while also working closely with WebMD SVP of Consumer Services Steve Peraino and WebMD CEO Bob Brisco. About WebMD WebMD Health Corp., an Internet Brands Company, is the leading provider of health information services, serving patients, physicians, health care professionals, employers, and health plans through public and private online portals, mobile platforms, and health-focused publications. The WebMD Health Network includes WebMD Health, Medscape, Jobson Healthcare Information, prIME Oncology, MediQuality, Frontline, Vitals Consumer Services, Aptus Health, MedicineNet, eMedicineHealth, RxList, OnHealth, Medscape Education, and other owned WebMD sites. WebMD, Medscape, CME Circle, Medpulse, eMedicine, MedicineNet, theheart.org, and RxList are among the trademarks of WebMD Health Corp. or its subsidiaries. About Internet Brands Headquartered in El Segundo, Calif., Internet Brands is a fully integrated online media and software services organization focused on four high-value vertical categories: Health, Automotive, Legal and Home/Travel. The company's award-winning consumer websites lead their categories and serve more than 250 million monthly visitors, while a full range of web presence offerings has established deep, long-term relationships with SMB and enterprise clients. Internet Brands' powerful, proprietary operating platform provides the flexibility and scalability to fuel the company's continued growth. Internet Brands is a portfolio company of KKR and Temasek. For more information, please visit www.internetbrands.com. SOURCE WebMD Health Corp. |
edtsum515 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, July 6, 2020 /PRNewswire/ --Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Wirecard AG (OTC: WCAGY, WRCDF) resulting from allegations that Wirecard may have issued materially misleading business information to the investing public. On June 18, 2020, the Company stunned investors by announcing the need to further delay publication of its financial results and revealing that about 1.9 billion ($2.1 billion) in cash has gone missing. The Company also warned loans up to 2 billion could be terminated. Further, the Company stated that Ernst & Young was unable to confirm the location of the cash in certain trust accounts and there was evidence that "spurious balance confirmations" had been provided. On June 23, 2020, CNN reported that former Wirecard CEO, Markus Braun, was arrested in Germany "on suspicion of having inflated the digital payment company's balance sheet and sales[.]" Wirecard American depositary receipts have fallen over 75% following these revelations. Rosen Law Firm is preparing a securities lawsuit on behalf of Wirecard shareholders. If you purchased securities of Wirecard please visit the firm's website at http://www.rosenlegal.com/cases-register-1880.htmlto join the securities action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at [emailprotected] or [emailprotected]. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm. Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [emailprotected] [emailprotected] [emailprotected] www.rosenlegal.com SOURCE Rosen Law Firm, P.A. Related Links www.rosenlegal.com
Answer: | ROSEN, A LONGSTANDING AND TOP RANKED GLOBAL INVESTOR FIRM, Announces Investigation of Securities Claims Against Wirecard AG - WCAGY, WRCDF | NEW YORK, July 6, 2020 /PRNewswire/ --Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Wirecard AG (OTC: WCAGY, WRCDF) resulting from allegations that Wirecard may have issued materially misleading business information to the investing public. On June 18, 2020, the Company stunned investors by announcing the need to further delay publication of its financial results and revealing that about 1.9 billion ($2.1 billion) in cash has gone missing. The Company also warned loans up to 2 billion could be terminated. Further, the Company stated that Ernst & Young was unable to confirm the location of the cash in certain trust accounts and there was evidence that "spurious balance confirmations" had been provided. On June 23, 2020, CNN reported that former Wirecard CEO, Markus Braun, was arrested in Germany "on suspicion of having inflated the digital payment company's balance sheet and sales[.]" Wirecard American depositary receipts have fallen over 75% following these revelations. Rosen Law Firm is preparing a securities lawsuit on behalf of Wirecard shareholders. If you purchased securities of Wirecard please visit the firm's website at http://www.rosenlegal.com/cases-register-1880.htmlto join the securities action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at [emailprotected] or [emailprotected]. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm. Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [emailprotected] [emailprotected] [emailprotected] www.rosenlegal.com SOURCE Rosen Law Firm, P.A. Related Links www.rosenlegal.com |
edtsum516 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: ALBANY, N.Y, Nov. 12, 2020 /PRNewswire/ --In a recently published report, Transparency Market Research speaks about the global blood group typing market and its future developments and prospects. The research report entails in detail about the history of market, current trends, possible restraints, geographical outlook, and key players operating in the market space. The research report offers detailed segmentation that provides reader with the micro as well as macro understanding of the global blood group typing market. According to the research report, the global blood group typing market was valued at US$1,500 Mn in 2017. The research report expects the market to showcase a promising CAGR of 10.3% over the course of the given forecast period of 2018 to 2026. With the given rate of growth, the global blood group typing market will reach a valuation worth US$ 3,556.0 Mn by the fall of 2026. Request for Analysis of COVID-19 Impact on Blood Group Typing Market https://www.transparencymarketresearch.com/covid19.php Global Blood Group Typing Market Overview The global blood group typing market is primarily segmented in terms of product, services, techniques, test, end users and region. In relation to product, the global market is being dominated by the segment of consumables. Continuous efforts by researchers to test high-end instruments and kits has been the key driving factor for the development of the segment. In terms of techniques, the PCR based technique has dominated the world market in recent years and is projected to continue to do so in the coming years of the forecast period. High number of applications of the PCR based technique is the primary reason for the development of the segment. The antibody screening test is expected to dominate the global market in the coming years of the forecast period. Explore a report with detailed research, incisive insights, and in-depth country levels estimations. Gain business intelligence on global Blood Group Typing Market (Product - Instrument (Automated, Semi-automated, Manual), Consumables (Reagent, Test Kits, Antisera), Services; Technique - PCR-based, Microarray-based, Assay-based Technique, Massively Parallel Technique; Test - Antibody Screening, HLA Typing, ABO Blood Test, Cross Matching Test, Antigen Typing; End use - Hospitals, Clinical Laboratories, Blood Bank - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 2026 at https://www.transparencymarketresearch.com/report-toc/48627 Global Blood Group Typing Market Key Driving Factors One of the key driving factors for the growth of the global blood group typing market is the increasing prevalence of chronic disorders such as leukemia, sickle cell anemia, aplastic anemia, and traumatic injuries among others. Because of such developments, the rate of blood transfusions has grown considerably, further helping to drive the overall market development. In addition this, rising incidences of transfusion transmitted infections, particularly in the lower-middle income and lower income nations has demanded better efficiency in blood testing. This too has helped in driving the market growth. Request Brochure of Blood Group Typing Market Report - https://www.transparencymarketresearch.com/brochure.php Global Blood Group Typing Market Geographical Outlook There are five main regions of the global blood group typing market. These regions are North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Of these, the global market is projected to be dominated by the regional segment of North America, followed by Europe. The market in these regions is primarily driven by the increase in government initiatives and a highly structured health care industry. The market in Europe is projected to expand at a high growth rate of 10.1% from 2018 to 2026. The market in Asia Pacific is expected to expand at a rapid pace during the forecast period. The market in Asia Pacific is anticipated to expand at a high CAGR of 10.7% from 2018 to 2026. The blood group typing market in Latin America is likely to expand at a moderate growth rate during the forecast period. Purchase the Blood Group Typing Market Report- https://www.transparencymarketresearch.com/checkout.php Global Blood Group Typing Market Key Players The competitive landscape of the global blood group typing market is fragmented because of the presence of several notable players. Some of the key companies in the market are Grifols, S. A., Bio-Rad Laboratories, Inc., Merck KGaA, Ortho Clinical Diagnostics, QUOTIENT LIMITED, BAG Health Care GmbH, Immucor, Inc., Beckman Coulter, Inc. (Danaher Corporation), Agena Bioscience, Inc., Rapid Labs Ltd, and Novacyt Group. Browse More Press Release- https://www.transparencymarketresearch.com/press-releases.htm Global Blood Group Typing Market is segmented as follows: Product Instrument Automated, Semi-automated Manual Consumables Reagent Test Kits Antisera Services Technique PCR-based Microarray-based Assay-based Technique Massively Parallel Technique Test Antibody Screening HLA Typing ABO Blood Test Cross Matching Test Antigen Typing End use Hospitals Clinical Laboratories Blood Bank Region North America Latin America Asia Pacific Europe MEA Explore Transparency Market Research's award-winning coverage of the global Healthcare Industry: Blood Purification Equipment Market: The global blood purification equipment market is expected to expand at a healthy CAGR of 7.5% during the forecast period. The market growth can be primarily attributed to factors such as increasing prevalence of chronic kidney diseases, advancements in technology, growing awareness pertaining to pathophysiology and hematology due to research and development activities, and rising support from government agencies in terms of product approval. Capillary and Venous Blood Sampling Devices Market: Manufacturers in the capillary and venous blood sampling devices market are increasing their focus to develop COVID-19 rapid test kits that are suitable for qualitative detection of the novel coronavirus using finger-prick samples. Companies are increasing efforts to innovate in small volume blood collection devices that are being made available for retail pharmacies. Cord Blood Banking Services Market: According to the report, the global cord blood banking services market was valued at US$ 25.8 Bn in 2018 and is anticipated to expand at a CAGR of 10.9% from 2019 to 2027, high incidence of genetic disorders, increasing governments funding are projected to drive the market Browse Our Latest Reports- https://www.transparencymarketresearch.com/latest.htm About Us Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories. TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key tohelp enterprises reach right decision." Browse More Upcoming Reports by Transparency Market Research:https://www.transparencymarketresearch.com/upcoming.htm Contact Mr. Rohit BhiseyTransparency Market ResearchState Tower,90 State Street,Suite 700,Albany NY - 12207United StatesUSA - Canada Toll Free: 866-552-3453Email: [emailprotected]Press Release Source:https://www.transparencymarketresearch.com/pressrelease/blood-group-typing-market-2018-2026.htmWebsite: https://www.transparencymarketresearch.com/ SOURCE Transparency Market Research
Answer: | Increasing Prevalence of Chronic Blood Disorders Helps Blood Group Typing Market Reach US$3556.0 Mn in Valuation, finds TMR | ALBANY, N.Y, Nov. 12, 2020 /PRNewswire/ --In a recently published report, Transparency Market Research speaks about the global blood group typing market and its future developments and prospects. The research report entails in detail about the history of market, current trends, possible restraints, geographical outlook, and key players operating in the market space. The research report offers detailed segmentation that provides reader with the micro as well as macro understanding of the global blood group typing market. According to the research report, the global blood group typing market was valued at US$1,500 Mn in 2017. The research report expects the market to showcase a promising CAGR of 10.3% over the course of the given forecast period of 2018 to 2026. With the given rate of growth, the global blood group typing market will reach a valuation worth US$ 3,556.0 Mn by the fall of 2026. Request for Analysis of COVID-19 Impact on Blood Group Typing Market https://www.transparencymarketresearch.com/covid19.php Global Blood Group Typing Market Overview The global blood group typing market is primarily segmented in terms of product, services, techniques, test, end users and region. In relation to product, the global market is being dominated by the segment of consumables. Continuous efforts by researchers to test high-end instruments and kits has been the key driving factor for the development of the segment. In terms of techniques, the PCR based technique has dominated the world market in recent years and is projected to continue to do so in the coming years of the forecast period. High number of applications of the PCR based technique is the primary reason for the development of the segment. The antibody screening test is expected to dominate the global market in the coming years of the forecast period. Explore a report with detailed research, incisive insights, and in-depth country levels estimations. Gain business intelligence on global Blood Group Typing Market (Product - Instrument (Automated, Semi-automated, Manual), Consumables (Reagent, Test Kits, Antisera), Services; Technique - PCR-based, Microarray-based, Assay-based Technique, Massively Parallel Technique; Test - Antibody Screening, HLA Typing, ABO Blood Test, Cross Matching Test, Antigen Typing; End use - Hospitals, Clinical Laboratories, Blood Bank - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 2026 at https://www.transparencymarketresearch.com/report-toc/48627 Global Blood Group Typing Market Key Driving Factors One of the key driving factors for the growth of the global blood group typing market is the increasing prevalence of chronic disorders such as leukemia, sickle cell anemia, aplastic anemia, and traumatic injuries among others. Because of such developments, the rate of blood transfusions has grown considerably, further helping to drive the overall market development. In addition this, rising incidences of transfusion transmitted infections, particularly in the lower-middle income and lower income nations has demanded better efficiency in blood testing. This too has helped in driving the market growth. Request Brochure of Blood Group Typing Market Report - https://www.transparencymarketresearch.com/brochure.php Global Blood Group Typing Market Geographical Outlook There are five main regions of the global blood group typing market. These regions are North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Of these, the global market is projected to be dominated by the regional segment of North America, followed by Europe. The market in these regions is primarily driven by the increase in government initiatives and a highly structured health care industry. The market in Europe is projected to expand at a high growth rate of 10.1% from 2018 to 2026. The market in Asia Pacific is expected to expand at a rapid pace during the forecast period. The market in Asia Pacific is anticipated to expand at a high CAGR of 10.7% from 2018 to 2026. The blood group typing market in Latin America is likely to expand at a moderate growth rate during the forecast period. Purchase the Blood Group Typing Market Report- https://www.transparencymarketresearch.com/checkout.php Global Blood Group Typing Market Key Players The competitive landscape of the global blood group typing market is fragmented because of the presence of several notable players. Some of the key companies in the market are Grifols, S. A., Bio-Rad Laboratories, Inc., Merck KGaA, Ortho Clinical Diagnostics, QUOTIENT LIMITED, BAG Health Care GmbH, Immucor, Inc., Beckman Coulter, Inc. (Danaher Corporation), Agena Bioscience, Inc., Rapid Labs Ltd, and Novacyt Group. Browse More Press Release- https://www.transparencymarketresearch.com/press-releases.htm Global Blood Group Typing Market is segmented as follows: Product Instrument Automated, Semi-automated Manual Consumables Reagent Test Kits Antisera Services Technique PCR-based Microarray-based Assay-based Technique Massively Parallel Technique Test Antibody Screening HLA Typing ABO Blood Test Cross Matching Test Antigen Typing End use Hospitals Clinical Laboratories Blood Bank Region North America Latin America Asia Pacific Europe MEA Explore Transparency Market Research's award-winning coverage of the global Healthcare Industry: Blood Purification Equipment Market: The global blood purification equipment market is expected to expand at a healthy CAGR of 7.5% during the forecast period. The market growth can be primarily attributed to factors such as increasing prevalence of chronic kidney diseases, advancements in technology, growing awareness pertaining to pathophysiology and hematology due to research and development activities, and rising support from government agencies in terms of product approval. Capillary and Venous Blood Sampling Devices Market: Manufacturers in the capillary and venous blood sampling devices market are increasing their focus to develop COVID-19 rapid test kits that are suitable for qualitative detection of the novel coronavirus using finger-prick samples. Companies are increasing efforts to innovate in small volume blood collection devices that are being made available for retail pharmacies. Cord Blood Banking Services Market: According to the report, the global cord blood banking services market was valued at US$ 25.8 Bn in 2018 and is anticipated to expand at a CAGR of 10.9% from 2019 to 2027, high incidence of genetic disorders, increasing governments funding are projected to drive the market Browse Our Latest Reports- https://www.transparencymarketresearch.com/latest.htm About Us Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories. TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key tohelp enterprises reach right decision." Browse More Upcoming Reports by Transparency Market Research:https://www.transparencymarketresearch.com/upcoming.htm Contact Mr. Rohit BhiseyTransparency Market ResearchState Tower,90 State Street,Suite 700,Albany NY - 12207United StatesUSA - Canada Toll Free: 866-552-3453Email: [emailprotected]Press Release Source:https://www.transparencymarketresearch.com/pressrelease/blood-group-typing-market-2018-2026.htmWebsite: https://www.transparencymarketresearch.com/ SOURCE Transparency Market Research |
edtsum517 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: BOSTON--(BUSINESS WIRE)--Lumeon, the leader in care journey orchestration, today announced the appointment of Tom Zajac to the Lumeon Board of Directors, effective December 20, 2020. Zajac will serve as executive chair, supporting Lumeon as it continues its growth in helping healthcare systems develop and scale new models of delivery. The appointment follows Lumeons $30M Series D funding, announced in July and led by Optum Ventures. We are pleased to welcome Tom Zajac to the Lumeon board, said Lumeon Founder and CEO Robbie Hughes. Toms deep experience in healthcare transformation, having built and led multiple public and private healthcare technology companies through rapid growth, delivering patient-centered outcomes and industry-leading customer satisfaction, will be invaluable to Lumeon as we continue to grow our business and pursue our mission to ensure the safe, scalable delivery of the right care to the right patient, every time. Zajac previously served as CEO of Population Health at Philips, president and CEO of Wellcentive, chief customer officer at Elsevier, and CEO of CareScience. He is a senior scholar in the Jefferson School of Population Health, and a board member and advisor for several health technology companies. Lumeon sits at a critical intersection in healthcares new normal empowering and engaging patients to get the best possible care, streamlining the care process to optimize critical care team resources, and reducing variation and cost for strained provider financials, said Zajac. The Lumeon team is purpose-driven, and I am excited to support both the growth of the company and its mission of empowering and driving better care. Lumeons solutions help healthcare providers synchronize care delivery and engage patients anywhere virtually, at home or in facilities by automating care coordination and engagement at scale. Over 70 customers across 12 countries have documented success improving care quality and outcomes, reducing cost, and alleviating workload on overburdened clinical teams. Dr. Carl Schramm, who will be stepping down as board chair commented, Although we began our search looking for a non-executive healthcare leader to strengthen the board, it became clear the value Tom would bring working in closer partnership with the management team in building out the future of the company. The best way I saw to accomplish this was to give him the opportunity to do what he does best - help to guide companies to rapidly achieve scale as executive chair. Carl has been a true partner to me as Lumeon has brought in new senior leaders, successfully closed a substantial funding round and refocused the company to take advantage of the opportunities and challenges that COVID has presented. We are grateful for his support during a unique time for the company, said Hughes. Tom joins us with the benefit of the groundwork laid and the company ready to scale - a scenario in which Tom has excelled multiple times over. The management team and I are excited to partner with him to lead the company to success. Schramm will continue as an advisor to the company and work with the board and management team to develop the strategic direction of the business. "With the closing of Lumeons Series D funding round and the success that the company is seeing in the US market, Toms appointment is further testament to the execution of the companys vision, said Ash Patel of Optum Ventures. Toms track record of building companies and developing entire markets will be important as Lumeon continues to scale up operations. About Lumeon Lumeon's care journey orchestration platform helps health systems scale efficient, effective care delivery both within and beyond their hospitals' four walls. Lumeon's industry-leading solutions address the needs of patient access, surgery, population health, amongst many others. They transform the EHR into an agile care delivery platform that navigates the patient along a personalized, adaptive care plan, coordinating the care team to deliver the right care, at the right time, every time. At every step along the journey, they harmonize care, communication, tasks, and decisions to increase compliance and productivity, free up capacity, and deliver superior outcomes at a reduced cost. More than 70 health systems across 12 countries have deployed Lumeons multi-award-winning platform. www.lumeon.com
Answer: | Lumeon Announces Appointment of Tom Zajac to Board of Directors as Executive Chair | BOSTON--(BUSINESS WIRE)--Lumeon, the leader in care journey orchestration, today announced the appointment of Tom Zajac to the Lumeon Board of Directors, effective December 20, 2020. Zajac will serve as executive chair, supporting Lumeon as it continues its growth in helping healthcare systems develop and scale new models of delivery. The appointment follows Lumeons $30M Series D funding, announced in July and led by Optum Ventures. We are pleased to welcome Tom Zajac to the Lumeon board, said Lumeon Founder and CEO Robbie Hughes. Toms deep experience in healthcare transformation, having built and led multiple public and private healthcare technology companies through rapid growth, delivering patient-centered outcomes and industry-leading customer satisfaction, will be invaluable to Lumeon as we continue to grow our business and pursue our mission to ensure the safe, scalable delivery of the right care to the right patient, every time. Zajac previously served as CEO of Population Health at Philips, president and CEO of Wellcentive, chief customer officer at Elsevier, and CEO of CareScience. He is a senior scholar in the Jefferson School of Population Health, and a board member and advisor for several health technology companies. Lumeon sits at a critical intersection in healthcares new normal empowering and engaging patients to get the best possible care, streamlining the care process to optimize critical care team resources, and reducing variation and cost for strained provider financials, said Zajac. The Lumeon team is purpose-driven, and I am excited to support both the growth of the company and its mission of empowering and driving better care. Lumeons solutions help healthcare providers synchronize care delivery and engage patients anywhere virtually, at home or in facilities by automating care coordination and engagement at scale. Over 70 customers across 12 countries have documented success improving care quality and outcomes, reducing cost, and alleviating workload on overburdened clinical teams. Dr. Carl Schramm, who will be stepping down as board chair commented, Although we began our search looking for a non-executive healthcare leader to strengthen the board, it became clear the value Tom would bring working in closer partnership with the management team in building out the future of the company. The best way I saw to accomplish this was to give him the opportunity to do what he does best - help to guide companies to rapidly achieve scale as executive chair. Carl has been a true partner to me as Lumeon has brought in new senior leaders, successfully closed a substantial funding round and refocused the company to take advantage of the opportunities and challenges that COVID has presented. We are grateful for his support during a unique time for the company, said Hughes. Tom joins us with the benefit of the groundwork laid and the company ready to scale - a scenario in which Tom has excelled multiple times over. The management team and I are excited to partner with him to lead the company to success. Schramm will continue as an advisor to the company and work with the board and management team to develop the strategic direction of the business. "With the closing of Lumeons Series D funding round and the success that the company is seeing in the US market, Toms appointment is further testament to the execution of the companys vision, said Ash Patel of Optum Ventures. Toms track record of building companies and developing entire markets will be important as Lumeon continues to scale up operations. About Lumeon Lumeon's care journey orchestration platform helps health systems scale efficient, effective care delivery both within and beyond their hospitals' four walls. Lumeon's industry-leading solutions address the needs of patient access, surgery, population health, amongst many others. They transform the EHR into an agile care delivery platform that navigates the patient along a personalized, adaptive care plan, coordinating the care team to deliver the right care, at the right time, every time. At every step along the journey, they harmonize care, communication, tasks, and decisions to increase compliance and productivity, free up capacity, and deliver superior outcomes at a reduced cost. More than 70 health systems across 12 countries have deployed Lumeons multi-award-winning platform. www.lumeon.com |
edtsum518 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: ATLANTA, March 26, 2021 /PRNewswire/ --March U.S. auto sales, when reported next week, will show strong growth over February's pace and a significant increase over last year's pandemic hit numbers. The seasonally adjusted annual rate (SAAR) of sales this month is forecast by Cox Automotive to hit 16.5 million, up from February's 15.7 million pace and well above last March's dismal 11.4 million level. Sales volume is forecast to increase nearly 50% over last March and reach 1.48 million units. While sales in the first quarter have been healthy, they remain below pre-pandemic levels. Total sales in Q1 2021, forecast at 3.77 million units, will be up 8.7% versus Q1 2020 but down 4.9% from Q12019 when 3.97million sales were reported. The Cox Automotive March forecast calls for U.S. auto sales to pick up pace heading into spring. Tweet this The sales recovery has been choppy since September. The SAAR has bounced around between the upper-15 to mid-16 million levels over the past six months. A return to the higher end is expected in March. The sales pace should improve this month after being hampered by winter storms that disrupted much of the country in February. With the deep freeze impacting markets as far south as Houston and disrupting millions of lives and businesses for days, many sales were likely delayed into early March. Also, the distribution of stimulus checks is well underway, and we've already noticed upward movement in our daily sales tracking numbers as a result. "Inventory levels are tight right now, though, and this could hinder the market in coming months," said Charlie Chesbrough, senior economist, Cox Automotive. "Supply chain disruptions that continue to plague the industry are adding to the short supply situation. Although lean inventories have not had much impact on buyers in the first quarter, that will likely change as we move into Q2. The production disruptions happening now will turn into even lower inventory in the months ahead."March 2021 Sales Forecast Highlights In March, new light-vehicle sales are forecast to increase by 490,000 units, or nearly 50%, compared to March 2020. When compared to last month, sales are expected to rise nearly 300,000 units, or 25.4%. The SAAR in March 2021 is estimated to be 16.5 million, above last year's 11.4 million level and an increase from last month's 15.7 million pace. There are 26 selling days this month, one more than last year and two more than February, so additional time will also help lift sales. Year-over-year comparisons will become less relevant in the months ahead as large year-over-year increases are reported. Compared to March 2019, sales volume this month is forecast to be down by more than 8%. March 2019 had one additional selling day than March 2021. First-quarter sales are forecast to be up 8.7% compared to Q1 2020 but down 4.9% versus Q1 2019. March 2021 Forecast Sales Forecast1 Market Share Segment Mar-21 Mar-20 Feb-21 YOY% MOM% Mar-21 Feb-21 MOM Compact SUV/Crossover 250,000 150,233 200,592 66.4% 24.6% 16.9% 16.8% 0.1% Mid-Size SUV/Crossover 250,000 164,288 204,396 52.2% 22.3% 16.9% 17.1% -0.2% Full-Size Pickup Truck 215,000 173,350 176,126 24.0% 22.1% 14.5% 14.7% -0.2% Compact Car 105,000 79,038 81,060 32.8% 29.5% 7.1% 6.8% 0.3% Mid-Size Car 95,000 87,388 71,854 8.7% 32.2% 6.4% 6.0% 0.4% Grand Total2 1,480,000 991,089 1,194,365 49.3% 23.9% 1 Cox Automotive Industry Insights data 2 Total includes segments not shown All percentages are based on raw volume, not daily selling rate. Cox Automotive Q1 2021 U.S. Auto Sales WebcastThe Cox Automotive Industry Insights team will host a webcast on Monday, March 29, 2021, at 11a.m. EDT. During the event, the team will discuss key economic indicators driving the auto market, review the 2021 forecasts, and offer analysis of new- and used-vehicle sales for March and the first quarter. The presentation will be followed by a Q&A session. RSVP to attend.About Cox AutomotiveCox Automotive Inc. makes buying, selling, owning and using vehicles easier for everyone. The global company's more than 27,000 team members and family of brands, including Autotrader,Clutch Technologies, Dealer.com, Dealertrack, Kelley Blue Book, Manheim, NextGear Capital, VinSolutions, vAutoand Xtime,are passionate about helping millions of car shoppers, 40,000 auto dealer clients across five continents and many others throughout the automotive industry thrive for generations to come. Cox Automotive is a subsidiary of CoxEnterprises Inc., a privately-owned, Atlanta-based company with annual revenues of nearly $20billion. www.coxautoinc.comSOURCE Cox Automotive Related Links http://www.coxautoinc.com
Answer: | Cox Automotive March Forecast: U.S. Auto Sales Pick Up Pace Heading Into Spring | ATLANTA, March 26, 2021 /PRNewswire/ --March U.S. auto sales, when reported next week, will show strong growth over February's pace and a significant increase over last year's pandemic hit numbers. The seasonally adjusted annual rate (SAAR) of sales this month is forecast by Cox Automotive to hit 16.5 million, up from February's 15.7 million pace and well above last March's dismal 11.4 million level. Sales volume is forecast to increase nearly 50% over last March and reach 1.48 million units. While sales in the first quarter have been healthy, they remain below pre-pandemic levels. Total sales in Q1 2021, forecast at 3.77 million units, will be up 8.7% versus Q1 2020 but down 4.9% from Q12019 when 3.97million sales were reported. The Cox Automotive March forecast calls for U.S. auto sales to pick up pace heading into spring. Tweet this The sales recovery has been choppy since September. The SAAR has bounced around between the upper-15 to mid-16 million levels over the past six months. A return to the higher end is expected in March. The sales pace should improve this month after being hampered by winter storms that disrupted much of the country in February. With the deep freeze impacting markets as far south as Houston and disrupting millions of lives and businesses for days, many sales were likely delayed into early March. Also, the distribution of stimulus checks is well underway, and we've already noticed upward movement in our daily sales tracking numbers as a result. "Inventory levels are tight right now, though, and this could hinder the market in coming months," said Charlie Chesbrough, senior economist, Cox Automotive. "Supply chain disruptions that continue to plague the industry are adding to the short supply situation. Although lean inventories have not had much impact on buyers in the first quarter, that will likely change as we move into Q2. The production disruptions happening now will turn into even lower inventory in the months ahead."March 2021 Sales Forecast Highlights In March, new light-vehicle sales are forecast to increase by 490,000 units, or nearly 50%, compared to March 2020. When compared to last month, sales are expected to rise nearly 300,000 units, or 25.4%. The SAAR in March 2021 is estimated to be 16.5 million, above last year's 11.4 million level and an increase from last month's 15.7 million pace. There are 26 selling days this month, one more than last year and two more than February, so additional time will also help lift sales. Year-over-year comparisons will become less relevant in the months ahead as large year-over-year increases are reported. Compared to March 2019, sales volume this month is forecast to be down by more than 8%. March 2019 had one additional selling day than March 2021. First-quarter sales are forecast to be up 8.7% compared to Q1 2020 but down 4.9% versus Q1 2019. March 2021 Forecast Sales Forecast1 Market Share Segment Mar-21 Mar-20 Feb-21 YOY% MOM% Mar-21 Feb-21 MOM Compact SUV/Crossover 250,000 150,233 200,592 66.4% 24.6% 16.9% 16.8% 0.1% Mid-Size SUV/Crossover 250,000 164,288 204,396 52.2% 22.3% 16.9% 17.1% -0.2% Full-Size Pickup Truck 215,000 173,350 176,126 24.0% 22.1% 14.5% 14.7% -0.2% Compact Car 105,000 79,038 81,060 32.8% 29.5% 7.1% 6.8% 0.3% Mid-Size Car 95,000 87,388 71,854 8.7% 32.2% 6.4% 6.0% 0.4% Grand Total2 1,480,000 991,089 1,194,365 49.3% 23.9% 1 Cox Automotive Industry Insights data 2 Total includes segments not shown All percentages are based on raw volume, not daily selling rate. Cox Automotive Q1 2021 U.S. Auto Sales WebcastThe Cox Automotive Industry Insights team will host a webcast on Monday, March 29, 2021, at 11a.m. EDT. During the event, the team will discuss key economic indicators driving the auto market, review the 2021 forecasts, and offer analysis of new- and used-vehicle sales for March and the first quarter. The presentation will be followed by a Q&A session. RSVP to attend.About Cox AutomotiveCox Automotive Inc. makes buying, selling, owning and using vehicles easier for everyone. The global company's more than 27,000 team members and family of brands, including Autotrader,Clutch Technologies, Dealer.com, Dealertrack, Kelley Blue Book, Manheim, NextGear Capital, VinSolutions, vAutoand Xtime,are passionate about helping millions of car shoppers, 40,000 auto dealer clients across five continents and many others throughout the automotive industry thrive for generations to come. Cox Automotive is a subsidiary of CoxEnterprises Inc., a privately-owned, Atlanta-based company with annual revenues of nearly $20billion. www.coxautoinc.comSOURCE Cox Automotive Related Links http://www.coxautoinc.com |
edtsum519 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: GREEN BAY, Wisconsin--(BUSINESS WIRE)--Schneider (NYSE: SNDR), a premier provider of trucking, intermodal and logistics services, announced the creation of its new remote truck driver orientation program ensuring new drivers continue to receive high-quality onboarding while social distancing in a safe and secure environment. This is just the latest measure Schneider has implemented to protect drivers during the COVID-19 pandemic. When the pandemic began earlier this year, Schneider responded swiftly with new methods for enhancing the safety of its drivers. The initial measures included: The remote orientation experience ensures that all drivers remain socially distanced while receiving the same standard curriculum. The company currently offers remote orientation programs at eight total sites. One site in Charlotte, NC, is dedicated for owner-operators who lease their business with Schneider, while the remaining seven sites are for newly hired company drivers of all experience levels. These locations include: COVID-19 may have changed many things about how we live and operate, but it hasnt changed Schneiders commitment to our core value of safety first and always, said Tom DiSalvi, vice president of safety, driver training and compliance at Schneider. The remote orientation program allows new drivers to experience the same high-quality onboarding program that we have been delivering for decades just in a socially distant setting. Drivers who complete orientation remotely do so from a large conference room at a hotel near one of the participating Schneider training facilities. Remote participants are given Chromebooks so they can follow along with the same course and instruction that is being presented in person by an instructor at the Schneider Training Academy. Additionally, Schneider designates driver training associates to remain on-site at the hotel for help if needed. Another benefit of Schneiders remote onboarding is that it allows drivers to meet and build relationships with other drivers in a safe environment. For more information about driving opportunities at Schneider, visit SchneiderJobs.com. About Schneider Schneider is a premier provider of transportation and logistics services. Offering one of the broadest portfolios in the industry, Schneiders solutions include Regional and Long-Haul Truckload, Expedited, Dedicated, Bulk, Intermodal, Brokerage, Warehousing, Supply Chain Management and Port Logistics. With nearly $5 billion in annual revenue, Schneider has been safely delivering superior customer experiences and investing in innovation for over 80 years. The companys digital marketplace, Schneider FreightPower, is revolutionizing the industry giving shippers access to an expanded, highly flexible capacity network and provides carriers with unmatched access to quality drop-and-hook freight Always Delivering, Always Ahead. For more information about Schneider, visit Schneider.com or follow the company socially on LinkedIn and Twitter: @WeAreSchneider.
Answer: | Schneider Implements New Remote Truck Driver Orientation Program Program is companys latest measure to protect drivers from COVID-19 | GREEN BAY, Wisconsin--(BUSINESS WIRE)--Schneider (NYSE: SNDR), a premier provider of trucking, intermodal and logistics services, announced the creation of its new remote truck driver orientation program ensuring new drivers continue to receive high-quality onboarding while social distancing in a safe and secure environment. This is just the latest measure Schneider has implemented to protect drivers during the COVID-19 pandemic. When the pandemic began earlier this year, Schneider responded swiftly with new methods for enhancing the safety of its drivers. The initial measures included: The remote orientation experience ensures that all drivers remain socially distanced while receiving the same standard curriculum. The company currently offers remote orientation programs at eight total sites. One site in Charlotte, NC, is dedicated for owner-operators who lease their business with Schneider, while the remaining seven sites are for newly hired company drivers of all experience levels. These locations include: COVID-19 may have changed many things about how we live and operate, but it hasnt changed Schneiders commitment to our core value of safety first and always, said Tom DiSalvi, vice president of safety, driver training and compliance at Schneider. The remote orientation program allows new drivers to experience the same high-quality onboarding program that we have been delivering for decades just in a socially distant setting. Drivers who complete orientation remotely do so from a large conference room at a hotel near one of the participating Schneider training facilities. Remote participants are given Chromebooks so they can follow along with the same course and instruction that is being presented in person by an instructor at the Schneider Training Academy. Additionally, Schneider designates driver training associates to remain on-site at the hotel for help if needed. Another benefit of Schneiders remote onboarding is that it allows drivers to meet and build relationships with other drivers in a safe environment. For more information about driving opportunities at Schneider, visit SchneiderJobs.com. About Schneider Schneider is a premier provider of transportation and logistics services. Offering one of the broadest portfolios in the industry, Schneiders solutions include Regional and Long-Haul Truckload, Expedited, Dedicated, Bulk, Intermodal, Brokerage, Warehousing, Supply Chain Management and Port Logistics. With nearly $5 billion in annual revenue, Schneider has been safely delivering superior customer experiences and investing in innovation for over 80 years. The companys digital marketplace, Schneider FreightPower, is revolutionizing the industry giving shippers access to an expanded, highly flexible capacity network and provides carriers with unmatched access to quality drop-and-hook freight Always Delivering, Always Ahead. For more information about Schneider, visit Schneider.com or follow the company socially on LinkedIn and Twitter: @WeAreSchneider. |
edtsum520 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SAN FRANCISCO, April 27, 2021 /PRNewswire/ -- Why does a Buddha statue make a peace sign pose? What kind of smile can last through 1,000 years? The year 2020 marks the 1,560thanniversary of the excavation of Longmen Grottoes. Irgashev Shakhrukh, a young man from Russia, arrived at a place connected with a long history and started his journey at the Longmen Grottoes. Themed on "Assemblage of Wall Sculptures, the Treasures of Longmen,''the new episode of the docuseries "Viewing China From Afar"Season III produced by People's Daily Online West USA Inc. narrates Shakhrukh's journey into the past. Continue Reading People's Daily Online West USA Inc. The Longmen Grottoes in Luoyang, central China's Henan province, became a man-made landmark during the Northern Wei dynasty of China more than 1,500 years ago. It is one of the three largest grottoes in China along with the Mogao Grottoes in Dunhuang and Yungang Grottoes in Datong. Longmen Grottoes is the most complex one of the three. Because its excavation lasted 1,400 years, there are still more than 2,100 cave niches, 100,000 statues, and 3,600 inscriptions on steles. Longmen Grottoes ranks first among all the major grottoes in China due to its large quantities of niches, statues and inscriptions. At the end of 2020, Shakhrukh embarked on a tour of the World Heritage Site led by a local guide named Ping Zhang. Shakhrukh was particularly interested in how the craftsmen at the time used tools to carve thousands of Buddha statues with various poses on the rocks. The work of carving these statues lasted for 1,400 years, which spanned more than a dozen dynasties. More than 100,000 Buddha statues with different aesthetic styles and artistic characteristics of each period have become the "history books of stone" reflecting the history and culture. The Longmen Grottoes was built near a mountain and river. The scale of the landmark is magnificent. There are 45 main caves in existence, among which the most wonderful carvings are those of the Northern Wei and Tang dynasties. No matter where anyone stands in the grottoes, they can see her smiling at them. There is also a Buddha statue that is particularly eye-catching. This is the trending "peace sign pose"Buddha statue, which is also called the "cutest Buddha statue in history."The Buddha statue sits on a square platform with its right hand stretched forward. The two fingers held up are like a victory sign "V"so it is called the "Buddha with a peace sign pose."How impressive is the Buddha's "Smile of a Thousand Years"? How was the trending "peace sign pose" Buddha statue formed? With this episode, "Assemblage of Wall Sculptures, the Treasures of Longmen,"Shakhrukh reveals the mystery of the Longmen Grottoes, a historical work that dates back 1,460 years ago.CONTACT:Wei DengPhone: 650.680.6790Email: [emailprotected] Related Imagesimage1.png Related Videohttps://www.youtube.com/watch?v=aEPK3KywX2QSOURCE People's Daily Online West USA Inc.
Answer: | Viewing China From Afar: Assemblage of Wall Sculptures, the Treasures of Longmen Shakhrukh's Trip to the Longmen Grottoes in 2020 | SAN FRANCISCO, April 27, 2021 /PRNewswire/ -- Why does a Buddha statue make a peace sign pose? What kind of smile can last through 1,000 years? The year 2020 marks the 1,560thanniversary of the excavation of Longmen Grottoes. Irgashev Shakhrukh, a young man from Russia, arrived at a place connected with a long history and started his journey at the Longmen Grottoes. Themed on "Assemblage of Wall Sculptures, the Treasures of Longmen,''the new episode of the docuseries "Viewing China From Afar"Season III produced by People's Daily Online West USA Inc. narrates Shakhrukh's journey into the past. Continue Reading People's Daily Online West USA Inc. The Longmen Grottoes in Luoyang, central China's Henan province, became a man-made landmark during the Northern Wei dynasty of China more than 1,500 years ago. It is one of the three largest grottoes in China along with the Mogao Grottoes in Dunhuang and Yungang Grottoes in Datong. Longmen Grottoes is the most complex one of the three. Because its excavation lasted 1,400 years, there are still more than 2,100 cave niches, 100,000 statues, and 3,600 inscriptions on steles. Longmen Grottoes ranks first among all the major grottoes in China due to its large quantities of niches, statues and inscriptions. At the end of 2020, Shakhrukh embarked on a tour of the World Heritage Site led by a local guide named Ping Zhang. Shakhrukh was particularly interested in how the craftsmen at the time used tools to carve thousands of Buddha statues with various poses on the rocks. The work of carving these statues lasted for 1,400 years, which spanned more than a dozen dynasties. More than 100,000 Buddha statues with different aesthetic styles and artistic characteristics of each period have become the "history books of stone" reflecting the history and culture. The Longmen Grottoes was built near a mountain and river. The scale of the landmark is magnificent. There are 45 main caves in existence, among which the most wonderful carvings are those of the Northern Wei and Tang dynasties. No matter where anyone stands in the grottoes, they can see her smiling at them. There is also a Buddha statue that is particularly eye-catching. This is the trending "peace sign pose"Buddha statue, which is also called the "cutest Buddha statue in history."The Buddha statue sits on a square platform with its right hand stretched forward. The two fingers held up are like a victory sign "V"so it is called the "Buddha with a peace sign pose."How impressive is the Buddha's "Smile of a Thousand Years"? How was the trending "peace sign pose" Buddha statue formed? With this episode, "Assemblage of Wall Sculptures, the Treasures of Longmen,"Shakhrukh reveals the mystery of the Longmen Grottoes, a historical work that dates back 1,460 years ago.CONTACT:Wei DengPhone: 650.680.6790Email: [emailprotected] Related Imagesimage1.png Related Videohttps://www.youtube.com/watch?v=aEPK3KywX2QSOURCE People's Daily Online West USA Inc. |
edtsum521 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: WASHINGTON, Feb. 26, 2021 /PRNewswire/ -- On Feb. 22, the Mechanical Contractors Association of America (MCAA), the National Electrical Contractors Association (NECA), and The Association of Union Constructors (TAUC) entered into a tri-party strategic alliance agreement to collaborate on issues impacting the construction and maintenance industry on a national and regional level. The Mechanical Contractors Association of America (MCAA), the National Electrical Contractors Association (NECA), and The Association of Union Constructors (TAUC) entered into a tri-party strategic alliance agreement to collaborate on issues impacting the construction and maintenance industry on a national and regional level. Through this alliance, MCAA, NECA, and TAUC will conduct joint meetings and share information of mutual interest relating to environmental health and safety, industrial relations, government affairs, and innovation and technology. The three organizations will develop products and practices to jointly benefit their respective memberships, increase membership awareness of industry issues, and much more. "MCAA, NECA and TAUC have come together in a strategic alliance to better serve our members and to strengthen our organizations in an effort to help protect the unionized construction industry," said Timothy J. Brink, MCAA CEO. "I am excited that NECA, TAUC, and MCAA are joining together in this strategic alliance, which will align our efforts to provide the safest, most innovative work to project owners," said David Long, NECA CEO. "Through this agreement, NECA will be well-positioned to serve its members in new ways by collaborating to serve the interests of the unionized construction industry across America.""Union contractors understand that our industry is always strongest when we work together," said TAUC CEO Steve Lindauer. "TAUC's new alliance with NECA and MCAA will strengthen our respective organizations and, most importantly, help us provide even greater service to our members moving forward."ABOUT THE MECHANICAL CONTRACTORS ASSOCIATION OF AMERICAThe Mechanical Contractors Association of America (MCAA) serves the unique needs of approximately 2,600 firms involved in heating, air conditioning, refrigeration, plumbing, piping and mechanical service. MCAA does this by providing their members with high-quality educational materials and programs to help them attain the highest level of managerial and technical expertise. Visit www.mcaa.org for more information.ABOUT THE NATIONAL ELECTRICAL CONTRACTORS ASSOCIATIONNECA is the voice of the $171 billion electrical construction industry that brings power, light and communication technology to buildings and communities across the United States. NECA's national office in Washington, D.C., and 118 local chapters advance the industry through advocacy, education, research and standards development. Go to www.necanet.org for more information.ABOUT THE ASSOCIATION OF UNION CONSTRUCTORSTAUC is the premier national trade association for the 21st century union construction industry.Our member firms include union contractor companies, local union contractor associations and vendors in the industrial maintenance and construction field. We demonstrate that union construction is the best option because it is safer and more productive and provides a higher quality and cost-competitive product. For more information, log on to www.tauc.org.SOURCE National Electrical Contractors Association Related Links http://www.necanet.org
Answer: | MCAA, NECA and TAUC Sign Strategic Alliance Agreement The three groups will collaborate to advance the construction and maintenance industry | WASHINGTON, Feb. 26, 2021 /PRNewswire/ -- On Feb. 22, the Mechanical Contractors Association of America (MCAA), the National Electrical Contractors Association (NECA), and The Association of Union Constructors (TAUC) entered into a tri-party strategic alliance agreement to collaborate on issues impacting the construction and maintenance industry on a national and regional level. The Mechanical Contractors Association of America (MCAA), the National Electrical Contractors Association (NECA), and The Association of Union Constructors (TAUC) entered into a tri-party strategic alliance agreement to collaborate on issues impacting the construction and maintenance industry on a national and regional level. Through this alliance, MCAA, NECA, and TAUC will conduct joint meetings and share information of mutual interest relating to environmental health and safety, industrial relations, government affairs, and innovation and technology. The three organizations will develop products and practices to jointly benefit their respective memberships, increase membership awareness of industry issues, and much more. "MCAA, NECA and TAUC have come together in a strategic alliance to better serve our members and to strengthen our organizations in an effort to help protect the unionized construction industry," said Timothy J. Brink, MCAA CEO. "I am excited that NECA, TAUC, and MCAA are joining together in this strategic alliance, which will align our efforts to provide the safest, most innovative work to project owners," said David Long, NECA CEO. "Through this agreement, NECA will be well-positioned to serve its members in new ways by collaborating to serve the interests of the unionized construction industry across America.""Union contractors understand that our industry is always strongest when we work together," said TAUC CEO Steve Lindauer. "TAUC's new alliance with NECA and MCAA will strengthen our respective organizations and, most importantly, help us provide even greater service to our members moving forward."ABOUT THE MECHANICAL CONTRACTORS ASSOCIATION OF AMERICAThe Mechanical Contractors Association of America (MCAA) serves the unique needs of approximately 2,600 firms involved in heating, air conditioning, refrigeration, plumbing, piping and mechanical service. MCAA does this by providing their members with high-quality educational materials and programs to help them attain the highest level of managerial and technical expertise. Visit www.mcaa.org for more information.ABOUT THE NATIONAL ELECTRICAL CONTRACTORS ASSOCIATIONNECA is the voice of the $171 billion electrical construction industry that brings power, light and communication technology to buildings and communities across the United States. NECA's national office in Washington, D.C., and 118 local chapters advance the industry through advocacy, education, research and standards development. Go to www.necanet.org for more information.ABOUT THE ASSOCIATION OF UNION CONSTRUCTORSTAUC is the premier national trade association for the 21st century union construction industry.Our member firms include union contractor companies, local union contractor associations and vendors in the industrial maintenance and construction field. We demonstrate that union construction is the best option because it is safer and more productive and provides a higher quality and cost-competitive product. For more information, log on to www.tauc.org.SOURCE National Electrical Contractors Association Related Links http://www.necanet.org |
edtsum522 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK--(BUSINESS WIRE)--IPG Mediabrands and MAGNA today launched day one of a first-of-its-kind Equity Upfront, an annual weeklong event during the week of March 15th, to raise visibility for Black-owned and Black-targeted media businesses. Day one of the event features Upfront presentations by Black-owned media partners including Entertainment Studios The Grio, Essence Communications, Inc., Revolt and Urban One, as well as Black-targeted networks BET and OWN. Later in the week, the event will share presentations from more Black-owned media partners including Blavity, Black Enterprise, Ebony & Jet, Mirror Digital, National Association of Black Owned Broadcasters (NABOB), American Urban Radio Networks, Central City Productions TV, NuTime Media, The Source and ReachTV. Led by Mediabrands entity MAGNA, the leading global media investment and intelligence company, the first day of the Equity Upfront kicked off with an introduction from the MAGNA team highlighting insights on the Black audience and Black media consumption, followed by six scheduled Black-owned and Black-targeted media partner presentations. The rest of the week will feature additional media partner presentations. The goal of these presentations is twofold: giving the partners the opportunity and access to Mediabrands clients and learning about how to market to them. For clients, it provides the opportunity to understand the importance of Black audiences and why they should target them in their media investment strategies. MAGNA plans to host subsequent monthly Equity experiences focusing on specific media channels and has already earmarked April to focus on Black audio and podcast media properties. The Equity Upfront will initially focus on partnerships with Black-owned and Black-targeted media businesses, with future efforts expanding to include other underrepresented media platforms including, but not limited to, the Latinx, Asian and LGBTQIA+ audiences. We are excited to host the kickoff of our Equity Upfront initiative by welcoming Black-owned and Black-targeted media partners to present to our clients, said Joy Profet, EVP, Head of Growth & Operations, MAGNA. This event is one tactic in a bigger strategy to build deeper partnerships with and access for platforms that create engaging and responsible content for valuable and influential Black audiences. We hope to add even more media partners as the Equity Upfront gains increased industry recognition. We must take accountable steps forward to address the inequities in how we invest, said Dani Benowitz, President, U.S., MAGNA. This is the start of MAGNA and Mediabrands work, focusing on giving access to media partners across BIPOC audiences and helping to gear investment strategies toward multicultural consumers. MAGNA intelligence was critical in revealing growing media consumption habits and the ever-increasing buying power of these important audiences. Its a logical step to educate our clients and agency partners so they can include them in this years media strategy. For more information please contact comms@mbww.com. ABOUT MEDIABRANDS: IPG Mediabrands is the media and marketing solutions division of Interpublic Group (NYSE: IPG). Mediabrands manages approximately $40 billion in marketing investment globally on behalf of its clients and provides strategic services and solutions across its award-winning, full-service agency networks UM and Initiative, and through its innovative marketing specialist companies Reprise, Magna, Orion, Rapport, Healix, Mediabrands Content Studio and the IPG Media Lab. Mediabrands clients include many of the worlds most recognizable and iconic brands from a broad portfolio of industry sectors. The company employs more than 13,000 marketing experts in more than 130 countries, representing the full diversity of humanity. For more information, please visit our website: www.ipgmediabrands.com and be sure to follow us on LinkedIn, Twitter or Instagram. ABOUT MAGNA: MAGNA is the leading global media investment and intelligence company. Our trusted insights, proprietary trials offerings, industry-leading negotiation and unparalleled consultative solutions deliver an actionable marketplace advantage for our clients and subscribers. We are a team of experts driven by results, integrity and inquisitiveness. We operate across five key competencies, supporting clients and cross-functional teams through partnership, education, accountability, connectivity and enablement. For more information, please visit our website: https://magnaglobal.com/ and follow us on LinkedIn and Twitter.
Answer: | IPG Mediabrands MAGNA Unveils Day One of Its First-Ever Equity Upfront Launched on Monday March 15th, the weeklong event and subsequent monthly Equity experiences will raise visibility for nearly 100 Black-owned and Black-targeted media businesses | NEW YORK--(BUSINESS WIRE)--IPG Mediabrands and MAGNA today launched day one of a first-of-its-kind Equity Upfront, an annual weeklong event during the week of March 15th, to raise visibility for Black-owned and Black-targeted media businesses. Day one of the event features Upfront presentations by Black-owned media partners including Entertainment Studios The Grio, Essence Communications, Inc., Revolt and Urban One, as well as Black-targeted networks BET and OWN. Later in the week, the event will share presentations from more Black-owned media partners including Blavity, Black Enterprise, Ebony & Jet, Mirror Digital, National Association of Black Owned Broadcasters (NABOB), American Urban Radio Networks, Central City Productions TV, NuTime Media, The Source and ReachTV. Led by Mediabrands entity MAGNA, the leading global media investment and intelligence company, the first day of the Equity Upfront kicked off with an introduction from the MAGNA team highlighting insights on the Black audience and Black media consumption, followed by six scheduled Black-owned and Black-targeted media partner presentations. The rest of the week will feature additional media partner presentations. The goal of these presentations is twofold: giving the partners the opportunity and access to Mediabrands clients and learning about how to market to them. For clients, it provides the opportunity to understand the importance of Black audiences and why they should target them in their media investment strategies. MAGNA plans to host subsequent monthly Equity experiences focusing on specific media channels and has already earmarked April to focus on Black audio and podcast media properties. The Equity Upfront will initially focus on partnerships with Black-owned and Black-targeted media businesses, with future efforts expanding to include other underrepresented media platforms including, but not limited to, the Latinx, Asian and LGBTQIA+ audiences. We are excited to host the kickoff of our Equity Upfront initiative by welcoming Black-owned and Black-targeted media partners to present to our clients, said Joy Profet, EVP, Head of Growth & Operations, MAGNA. This event is one tactic in a bigger strategy to build deeper partnerships with and access for platforms that create engaging and responsible content for valuable and influential Black audiences. We hope to add even more media partners as the Equity Upfront gains increased industry recognition. We must take accountable steps forward to address the inequities in how we invest, said Dani Benowitz, President, U.S., MAGNA. This is the start of MAGNA and Mediabrands work, focusing on giving access to media partners across BIPOC audiences and helping to gear investment strategies toward multicultural consumers. MAGNA intelligence was critical in revealing growing media consumption habits and the ever-increasing buying power of these important audiences. Its a logical step to educate our clients and agency partners so they can include them in this years media strategy. For more information please contact comms@mbww.com. ABOUT MEDIABRANDS: IPG Mediabrands is the media and marketing solutions division of Interpublic Group (NYSE: IPG). Mediabrands manages approximately $40 billion in marketing investment globally on behalf of its clients and provides strategic services and solutions across its award-winning, full-service agency networks UM and Initiative, and through its innovative marketing specialist companies Reprise, Magna, Orion, Rapport, Healix, Mediabrands Content Studio and the IPG Media Lab. Mediabrands clients include many of the worlds most recognizable and iconic brands from a broad portfolio of industry sectors. The company employs more than 13,000 marketing experts in more than 130 countries, representing the full diversity of humanity. For more information, please visit our website: www.ipgmediabrands.com and be sure to follow us on LinkedIn, Twitter or Instagram. ABOUT MAGNA: MAGNA is the leading global media investment and intelligence company. Our trusted insights, proprietary trials offerings, industry-leading negotiation and unparalleled consultative solutions deliver an actionable marketplace advantage for our clients and subscribers. We are a team of experts driven by results, integrity and inquisitiveness. We operate across five key competencies, supporting clients and cross-functional teams through partnership, education, accountability, connectivity and enablement. For more information, please visit our website: https://magnaglobal.com/ and follow us on LinkedIn and Twitter. |
edtsum523 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: HALLANDALE BEACH, Fla., Oct. 2, 2020 /PRNewswire/ -- Dmitriy Yakubovichis acandidate for Commissioner ofHallandale Beach City Commission, Seat 4. He wants to bring reform to the HallandaleBeach City Commission.He is endorsed by the International Union of Police Associations, HallandaleBeach Officers and SergeantsAssociation, as well as the Firefighters and Paramedic Union, among other organizations listed here:http://www.dmitriy2020.com/endorsements/. He brings business acumen as an entrepreneurand a passion to cut unnecessary spending in the city's budget. Dmitriy desires to cut the costs of vendor contracts with the City by 10% across the board where possible and strengthen the finances of the City Commission for years to come. Dmitriybelieves some of the current HallandaleBeach Commissioners are preventing the improvement of quality of life in HallandaleBeach. Dmitriypromises that if voted in as Commissioner he will "choose residents, not special interests." He willprotect the community's interests, and he claims his opponent is beholden to special interests. Dmitriy,if elected, wants to enact condo reform to protect all condo owners and ensure transparency and accountability. Dmitriyis the pro-public safety candidatewho wants to ensure the safety of HallandaleBeach, and that its first responders are honored and well-funded. Read here for more information.http://www.dmitriy2020.com/hallandale-beach-elections/ Learn AboutDmitriyYakubovich: DmitriyYakubovichhas been aHallandaleBeach resident since 2007. He is the President of the Beach Club Condominium Association, the biggest community inHallandaleBeach, with a combined budget of around $20,000,000 and a population of between 4,000 to 6,000 residents. Dmitriyled the fight against the incumbent administration. It was the opinion of some residents that the Beach Club Condo Association previous administration was in power for many years with nothing good to show for it.As a resultofDmitriy'scampaign and leadership, the property values have increased, the reserve funds have been restored, and a $20 million assessment was reversed. Dmitriybelieves that "Business attitude is what the city needs to address many issues, including personnel turnover and budgetary deficiencies." Dmitriy'sGoals are: LowerCrime LowerHomelessness Rate UpdateInfrastructure Protect Condo Owners' Rights Get involved with the Campaign to electDmitriyYakubovich. Call305-507-9959. To request a Mail in Ballot (Vote By Mail) go tohttps://www.browardsoe.org/Voting-Methods/Vote-By-Mail-Voting. Early voting times dates areOctober 19ThroughNovember 1, from 7:00 a.m. to 7:00 p.m.https://www.browardsoe.org/Voting-Methods/Early-Voting-Dates-Hours-and-Sites November 3rd Voting Locations:https://www.browardsoe.org/Voter-Information/Voter-Lookup-Free-Access-System Go tohttps://www.dmitriy2020.com/or call 305-507-9959for more information. Giving to the campaign is greatly appreciated. One can give here:http://www.dmitriy2020.com/donation Dmitriy Yakubovich for Hallandale Beach City Commission, Seat 4is responsible for this press release. Related Images vote-for-dmitriy-yakubovich-for.png Vote for Dmitriy Yakubovich for Hallandale City Commission Seat 4. Dmitriy wants to improve the quality of life in Hallandale Beach if elected by Prioritizing Fiscal Responsibility, Public Safety, Condo Reform for Condo Owners, and Infrastructure. SOURCE Dmitriy Yakubovich for Hallandale Beach City Commission, Seat 4
Answer: | Dmitriy Yakubovich is Running for Commissioner of Hallandale Beach Commission Seat 4. He Asks Residents to Vote for Him in the November 3rd Election. Dmitry Yakubovich wants to bring fiscal responsibility, public safety, and infrastructure to the Hallandale Beach Commission, which he believes are all lacking under the administration of his opponent. | HALLANDALE BEACH, Fla., Oct. 2, 2020 /PRNewswire/ -- Dmitriy Yakubovichis acandidate for Commissioner ofHallandale Beach City Commission, Seat 4. He wants to bring reform to the HallandaleBeach City Commission.He is endorsed by the International Union of Police Associations, HallandaleBeach Officers and SergeantsAssociation, as well as the Firefighters and Paramedic Union, among other organizations listed here:http://www.dmitriy2020.com/endorsements/. He brings business acumen as an entrepreneurand a passion to cut unnecessary spending in the city's budget. Dmitriy desires to cut the costs of vendor contracts with the City by 10% across the board where possible and strengthen the finances of the City Commission for years to come. Dmitriybelieves some of the current HallandaleBeach Commissioners are preventing the improvement of quality of life in HallandaleBeach. Dmitriypromises that if voted in as Commissioner he will "choose residents, not special interests." He willprotect the community's interests, and he claims his opponent is beholden to special interests. Dmitriy,if elected, wants to enact condo reform to protect all condo owners and ensure transparency and accountability. Dmitriyis the pro-public safety candidatewho wants to ensure the safety of HallandaleBeach, and that its first responders are honored and well-funded. Read here for more information.http://www.dmitriy2020.com/hallandale-beach-elections/ Learn AboutDmitriyYakubovich: DmitriyYakubovichhas been aHallandaleBeach resident since 2007. He is the President of the Beach Club Condominium Association, the biggest community inHallandaleBeach, with a combined budget of around $20,000,000 and a population of between 4,000 to 6,000 residents. Dmitriyled the fight against the incumbent administration. It was the opinion of some residents that the Beach Club Condo Association previous administration was in power for many years with nothing good to show for it.As a resultofDmitriy'scampaign and leadership, the property values have increased, the reserve funds have been restored, and a $20 million assessment was reversed. Dmitriybelieves that "Business attitude is what the city needs to address many issues, including personnel turnover and budgetary deficiencies." Dmitriy'sGoals are: LowerCrime LowerHomelessness Rate UpdateInfrastructure Protect Condo Owners' Rights Get involved with the Campaign to electDmitriyYakubovich. Call305-507-9959. To request a Mail in Ballot (Vote By Mail) go tohttps://www.browardsoe.org/Voting-Methods/Vote-By-Mail-Voting. Early voting times dates areOctober 19ThroughNovember 1, from 7:00 a.m. to 7:00 p.m.https://www.browardsoe.org/Voting-Methods/Early-Voting-Dates-Hours-and-Sites November 3rd Voting Locations:https://www.browardsoe.org/Voter-Information/Voter-Lookup-Free-Access-System Go tohttps://www.dmitriy2020.com/or call 305-507-9959for more information. Giving to the campaign is greatly appreciated. One can give here:http://www.dmitriy2020.com/donation Dmitriy Yakubovich for Hallandale Beach City Commission, Seat 4is responsible for this press release. Related Images vote-for-dmitriy-yakubovich-for.png Vote for Dmitriy Yakubovich for Hallandale City Commission Seat 4. Dmitriy wants to improve the quality of life in Hallandale Beach if elected by Prioritizing Fiscal Responsibility, Public Safety, Condo Reform for Condo Owners, and Infrastructure. SOURCE Dmitriy Yakubovich for Hallandale Beach City Commission, Seat 4 |
edtsum524 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: LOS ANGELES, July 10, 2020 /PRNewswire/ -- Nelly, the St. Louis-bred hip-hop juggernaut revered for No. 1 hitslike "Grillz," "Hot in Herre," "Dilemma," and "Shake Ya Tailfeather," will re-release his stone-classic debut album Country Grammaron July 24 via Republic/UMe. Hailed upon release by Rolling Stone as "the best thing to come out of St. Louis since Redd Foxx," by NME as the "album of the year so far," and by People, who proclaimed that Nelly "marked his hometown of St. Louis as a major contender," Country Grammar debuted at No. 3 on the Top 200 and soon vaulted to No. 1. In 2016, the RIAA certified the album Diamond, sellingmore than 10 million copies to date, a feat which placed Nelly among rock superstars like Led Zeppelin, the Doors and Bruce Springsteen. IN CELEBRATION OF 20 YEARS, NELLYS COUNTRY GRAMMAR TO BE RELEASED AS A DIGITAL DELUXE EDITION ON JULY 24 VIA REPUBLIC/UMe As a creative heavyweight from St. Louis during a time when most rappers were from the East Coast, the West Coast, or the South, Nelly's breezy, twangy approach proved to be a breath of fresh air for the genre. When his debut single "Country Grammar (Hot Shit)," which was hung on the children's clapping game "Down Down Baby," was released in February 2000, became a smash hit and peaked at No. 7 on the Hot 100, the foundation was laid for his blockbuster debut album to break into the mainstream. The 20th anniversary edition of this landmark album will be released as a digital deluxe edition with bonus tracks "Icey," "Come Over," "Country Grammar (Instrumental)," and "Ride Wit Me (Instrumental)," all four of which have never been released digitally before. Whether revisited digitally or on wax, Country Grammar's beloved hits, like "Ride Wit Me" (No. 3) and the airwaves-conquering title track have dominated global culture for two decades. The album was produced by Jason "Jay E" Epperson, who himself did a tremendous amount to craft the sound of 2000s Midwestern hip-hop. Country Grammardigital deluxe edition available hereon July 24.Born Cornell Iral Haynes Jr. in Austin, Texas, the rapper showed early promise, forming The St. Lunatics in 1993 with his childhood friends, MCs "Ali" Jones, Torhi "Murphy Lee" Harper, Lavell "City Spud" Webb, and Robert "Kyjuan" Cleveland. After Jay E workshopped the music with Nelly, they shopped for labels in New York and the rapper was signed to Universal Records in 1999. The pair drew deeply from the sounds that surrounded them in the Midwest urban, country, hip-hop and fused them into a fresh, infectious, unforgettably hooky whole.Country Grammar's evergreen appeal also stems from its astonishing array of guests, including Cedric the Entertainer on "Intro," Lil Wayne on "For My," The Teamsters on "Never Let 'Em C U Sweat," and most or all of his trusty collaborators St. Lunatics on "Steal the Show," "Thicky Thick Girl" and "Batter Up." The album went on to sell more than 9 million copies, making it the ninth best-selling rap album of all time in the U.S., and Billboard crowned it the 85th best album of all time on their Top 200 Albums of All Time list. Country Grammar was also nominated for Best Rap Albumat the 2000 Grammy Awards (along with its title track for Best Rap Solo Performance) and Nelly was crowned Best New Artistat the 2001 BET Awards. If Tupac Shakur defined West Coast hip-hop and Biggie reigned on the East Coast, Nelly arguably put the Midwest on the rap-game map.Now's your chance to own a boundary-shattering hip-hop classic and to revisit the story of how an ambitious 25-year-old from St. Louis crafted a new form of urban music and changed the pop landscape forever. Country Grammar Track Listing (Digital Deluxe Edition) 1. St. Louie 10. Tho Dem Wrappas 2. Greed, Hate, Envy 11.Wrap Sumden 3. Country Grammar (Hot .) 12.Batter Up 4. Steal The Show 13.Never Let 'Em C U Sweat 5. Ride Wit Me 14. Luven Me 6. E.I. 15.Icey* 7. Thicky Thick Girl 16.Come Over* 8. For My 17.Country Grammar (Instrumental)* 9. Utha Side 18.Ride Wit Me (Instrumental)* *previously unreleased digitally SOURCE Republic/UMe Related Links https://www.universalmusic.com/
Answer: | IN CELEBRATION OF 20 YEARS, NELLY'S 'COUNTRY GRAMMAR' TO BE RELEASED AS A DIGITAL DELUXE EDITION JULY 24 VIA REPUBLIC/UMe HIP-HOP HEAVYWEIGHT TO RELEASE DIAMOND-SELLING 2000 DEBUT ALBUM IN A MUST-OWN EDITION WITH BONUS TRACKS PREVIOUSLY UNRELEASED DIGITALLY | LOS ANGELES, July 10, 2020 /PRNewswire/ -- Nelly, the St. Louis-bred hip-hop juggernaut revered for No. 1 hitslike "Grillz," "Hot in Herre," "Dilemma," and "Shake Ya Tailfeather," will re-release his stone-classic debut album Country Grammaron July 24 via Republic/UMe. Hailed upon release by Rolling Stone as "the best thing to come out of St. Louis since Redd Foxx," by NME as the "album of the year so far," and by People, who proclaimed that Nelly "marked his hometown of St. Louis as a major contender," Country Grammar debuted at No. 3 on the Top 200 and soon vaulted to No. 1. In 2016, the RIAA certified the album Diamond, sellingmore than 10 million copies to date, a feat which placed Nelly among rock superstars like Led Zeppelin, the Doors and Bruce Springsteen. IN CELEBRATION OF 20 YEARS, NELLYS COUNTRY GRAMMAR TO BE RELEASED AS A DIGITAL DELUXE EDITION ON JULY 24 VIA REPUBLIC/UMe As a creative heavyweight from St. Louis during a time when most rappers were from the East Coast, the West Coast, or the South, Nelly's breezy, twangy approach proved to be a breath of fresh air for the genre. When his debut single "Country Grammar (Hot Shit)," which was hung on the children's clapping game "Down Down Baby," was released in February 2000, became a smash hit and peaked at No. 7 on the Hot 100, the foundation was laid for his blockbuster debut album to break into the mainstream. The 20th anniversary edition of this landmark album will be released as a digital deluxe edition with bonus tracks "Icey," "Come Over," "Country Grammar (Instrumental)," and "Ride Wit Me (Instrumental)," all four of which have never been released digitally before. Whether revisited digitally or on wax, Country Grammar's beloved hits, like "Ride Wit Me" (No. 3) and the airwaves-conquering title track have dominated global culture for two decades. The album was produced by Jason "Jay E" Epperson, who himself did a tremendous amount to craft the sound of 2000s Midwestern hip-hop. Country Grammardigital deluxe edition available hereon July 24.Born Cornell Iral Haynes Jr. in Austin, Texas, the rapper showed early promise, forming The St. Lunatics in 1993 with his childhood friends, MCs "Ali" Jones, Torhi "Murphy Lee" Harper, Lavell "City Spud" Webb, and Robert "Kyjuan" Cleveland. After Jay E workshopped the music with Nelly, they shopped for labels in New York and the rapper was signed to Universal Records in 1999. The pair drew deeply from the sounds that surrounded them in the Midwest urban, country, hip-hop and fused them into a fresh, infectious, unforgettably hooky whole.Country Grammar's evergreen appeal also stems from its astonishing array of guests, including Cedric the Entertainer on "Intro," Lil Wayne on "For My," The Teamsters on "Never Let 'Em C U Sweat," and most or all of his trusty collaborators St. Lunatics on "Steal the Show," "Thicky Thick Girl" and "Batter Up." The album went on to sell more than 9 million copies, making it the ninth best-selling rap album of all time in the U.S., and Billboard crowned it the 85th best album of all time on their Top 200 Albums of All Time list. Country Grammar was also nominated for Best Rap Albumat the 2000 Grammy Awards (along with its title track for Best Rap Solo Performance) and Nelly was crowned Best New Artistat the 2001 BET Awards. If Tupac Shakur defined West Coast hip-hop and Biggie reigned on the East Coast, Nelly arguably put the Midwest on the rap-game map.Now's your chance to own a boundary-shattering hip-hop classic and to revisit the story of how an ambitious 25-year-old from St. Louis crafted a new form of urban music and changed the pop landscape forever. Country Grammar Track Listing (Digital Deluxe Edition) 1. St. Louie 10. Tho Dem Wrappas 2. Greed, Hate, Envy 11.Wrap Sumden 3. Country Grammar (Hot .) 12.Batter Up 4. Steal The Show 13.Never Let 'Em C U Sweat 5. Ride Wit Me 14. Luven Me 6. E.I. 15.Icey* 7. Thicky Thick Girl 16.Come Over* 8. For My 17.Country Grammar (Instrumental)* 9. Utha Side 18.Ride Wit Me (Instrumental)* *previously unreleased digitally SOURCE Republic/UMe Related Links https://www.universalmusic.com/ |
edtsum525 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: FREDERICKSBURG, Va., June 11, 2020 /PRNewswire/ --Virginia Green is excited to announce our move to a new, larger Fredericksburg branch facility located at 46 Commerce Parkway. The new building provides three times the space of the previous location (48 Commerce Parkway).This expansion will allow for additional production trucks and inventory, as well as support the hiring of five additional Service Technicians in the near future. Virginia Green plans to expand their service offering for the area to include Tree and Shrub care, as well as Perimeter Pest control. "We are proud to be able to continue to invest in our market, better serve our existing customers with expanded services and create new customers," said Rob Ferlazzo, Fredericksburg Branch Manager. Virginia Green has added more than 1200 new residential customers this year in the Fredericksburg area, and services a large portfolio of commercial customers as well. About Virginia Green Lawn CareVirginia Green Lawn Care is a locally owned and operated company providing comprehensive commercial and residential lawn care services in the Richmond, Williamsburg, Charlottesville, Fredericksburg and Northern Virginia areas. Virginia Green opened for business in the Fredericksburg area in 2017 and has grown rapidly to employ over 200 associates, including an in-house agronomy team and dedicated customer service representatives, focused on delivering 100% client satisfaction. Virginia Green was ranked as #1 in "Best Lawn Service/Landscaping" in a Richmond Times-Dispatch poll the last three years. SOURCE Virginia Green Lawn Care Related Links https://www.virginiagreenlawncare.com/
Answer: | Virginia Green Lawn Care Expansion in Fredericksburg | FREDERICKSBURG, Va., June 11, 2020 /PRNewswire/ --Virginia Green is excited to announce our move to a new, larger Fredericksburg branch facility located at 46 Commerce Parkway. The new building provides three times the space of the previous location (48 Commerce Parkway).This expansion will allow for additional production trucks and inventory, as well as support the hiring of five additional Service Technicians in the near future. Virginia Green plans to expand their service offering for the area to include Tree and Shrub care, as well as Perimeter Pest control. "We are proud to be able to continue to invest in our market, better serve our existing customers with expanded services and create new customers," said Rob Ferlazzo, Fredericksburg Branch Manager. Virginia Green has added more than 1200 new residential customers this year in the Fredericksburg area, and services a large portfolio of commercial customers as well. About Virginia Green Lawn CareVirginia Green Lawn Care is a locally owned and operated company providing comprehensive commercial and residential lawn care services in the Richmond, Williamsburg, Charlottesville, Fredericksburg and Northern Virginia areas. Virginia Green opened for business in the Fredericksburg area in 2017 and has grown rapidly to employ over 200 associates, including an in-house agronomy team and dedicated customer service representatives, focused on delivering 100% client satisfaction. Virginia Green was ranked as #1 in "Best Lawn Service/Landscaping" in a Richmond Times-Dispatch poll the last three years. SOURCE Virginia Green Lawn Care Related Links https://www.virginiagreenlawncare.com/ |
edtsum526 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: COLLEGE PARK, Md., July 30, 2020 /PRNewswire/ --Back-to-school shopping is the second-busiest season of the year, in terms of overall spending, according to theNational Retail Federation. Consumers spent an average of $976 on back-to-school shopping in 2019, compared to $1,047 in the November-December holiday season. Across the board, retailers with strong e-commerce positions are likely to perform better this season, says Jie Zhang the Harvey Sanders Fellow of Retail Management at the University of Maryland's Robert H. Smith School of Business. Early indicators show retailers seeing a significant bump in demand for technology products, she says, as parents look to equip their kids at much younger grade levels with electronic devices such as laptops, tablets, headphones, and webcams, because of the shift to online learning. Other traditional back-to-school fare, meanwhile, is likely to languish on shelves. That includes clothing, footwear, home furnishings and small appliances for dorm living. With many colleges and universities offering hybrid learning or all-remote options, fewer young adults are heading off to live on campuses. "It's not surprising to see who the biggest winners are," Zhang says. "Companies like Amazon, Walmart, Target, Best Buy and Apple, all have these capabilities. For Best Buy and Apple, in particular, selling technology products online is a major advantage due to the heightened demand for those products." By contrast, department stores like JCPenney, Macy's and Kohl's, and apparel stores such as Gap are likely to struggle, dragged down by the lackluster demand for their merchandise and less-than-robust e-commerce operations, Zhang says. Brick-and-mortar shopping these days is less of a draw, as states around the country report an upsurge in COVID-19 infections. "People are very reluctant to go back into stores in large enclosed spaces, even as lockdown restrictions are lifted," Zhang says. "Department stores and mall-based apparel retailers had been struggling long before the pandemic, and COVID has served as a catalyst to propel the failure of some of them." The pandemic underscores the long-standing trend among the retail world's strongest players toward the importance of maintaining an omnichannel presence a mix of online, mobile app and brick-and-mortar. In the past four months, consumers have turned to e-commerce, even for things they were used to purchasing in-person for example, fresh groceries and household goods. "Even when things come back to a reasonable level of normalcy, many consumers who have enjoyed the benefits of online shopping may not want to switch back to brick-and-mortar stores, and retailers will have to adapt to the new norm of consumer preferences for the long term," Zhang says. Go to Smith Brain Trust for related content athttps://www.rhsmith.umd.edu/faculty-research/smithbraintrust and follow on Twitter@SmithBrainTrust. About theUniversity ofMaryland'sRobert H. Smith School of BusinessThe Robert H. Smith School of Business is an internationally recognized leader in management education and research. One of 12 colleges and schools at theUniversity ofMaryland,College Park, the Smith School offers undergraduate, full-time and part-time MBA, executive MBA, online MBA, specialty masters, PhD and executive education programs, as well as outreach services to the corporate community. The school offers its degree, custom and certification programs in learning locations inNorth AmericaandAsia. Contact:Greg Muraskiat[emailprotected]. SOURCE University of Maryland's Robert H. Smith School of Business
Answer: | Retail and it's Future Through the 2020 Back-to-School Prism Back-To-School Shopping Amid COVID-19 Exposes Retailers with Less-than-Robust E-Commerce Operations: Maryland Smith Expert | COLLEGE PARK, Md., July 30, 2020 /PRNewswire/ --Back-to-school shopping is the second-busiest season of the year, in terms of overall spending, according to theNational Retail Federation. Consumers spent an average of $976 on back-to-school shopping in 2019, compared to $1,047 in the November-December holiday season. Across the board, retailers with strong e-commerce positions are likely to perform better this season, says Jie Zhang the Harvey Sanders Fellow of Retail Management at the University of Maryland's Robert H. Smith School of Business. Early indicators show retailers seeing a significant bump in demand for technology products, she says, as parents look to equip their kids at much younger grade levels with electronic devices such as laptops, tablets, headphones, and webcams, because of the shift to online learning. Other traditional back-to-school fare, meanwhile, is likely to languish on shelves. That includes clothing, footwear, home furnishings and small appliances for dorm living. With many colleges and universities offering hybrid learning or all-remote options, fewer young adults are heading off to live on campuses. "It's not surprising to see who the biggest winners are," Zhang says. "Companies like Amazon, Walmart, Target, Best Buy and Apple, all have these capabilities. For Best Buy and Apple, in particular, selling technology products online is a major advantage due to the heightened demand for those products." By contrast, department stores like JCPenney, Macy's and Kohl's, and apparel stores such as Gap are likely to struggle, dragged down by the lackluster demand for their merchandise and less-than-robust e-commerce operations, Zhang says. Brick-and-mortar shopping these days is less of a draw, as states around the country report an upsurge in COVID-19 infections. "People are very reluctant to go back into stores in large enclosed spaces, even as lockdown restrictions are lifted," Zhang says. "Department stores and mall-based apparel retailers had been struggling long before the pandemic, and COVID has served as a catalyst to propel the failure of some of them." The pandemic underscores the long-standing trend among the retail world's strongest players toward the importance of maintaining an omnichannel presence a mix of online, mobile app and brick-and-mortar. In the past four months, consumers have turned to e-commerce, even for things they were used to purchasing in-person for example, fresh groceries and household goods. "Even when things come back to a reasonable level of normalcy, many consumers who have enjoyed the benefits of online shopping may not want to switch back to brick-and-mortar stores, and retailers will have to adapt to the new norm of consumer preferences for the long term," Zhang says. Go to Smith Brain Trust for related content athttps://www.rhsmith.umd.edu/faculty-research/smithbraintrust and follow on Twitter@SmithBrainTrust. About theUniversity ofMaryland'sRobert H. Smith School of BusinessThe Robert H. Smith School of Business is an internationally recognized leader in management education and research. One of 12 colleges and schools at theUniversity ofMaryland,College Park, the Smith School offers undergraduate, full-time and part-time MBA, executive MBA, online MBA, specialty masters, PhD and executive education programs, as well as outreach services to the corporate community. The school offers its degree, custom and certification programs in learning locations inNorth AmericaandAsia. Contact:Greg Muraskiat[emailprotected]. SOURCE University of Maryland's Robert H. Smith School of Business |
edtsum527 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: TAMPA, Fla., Nov. 5, 2020 /PRNewswire/ --Robert Sparks Attorneys has been named to the 2021 list of 'Best Law Firms' by U.S. News Best Lawyers, an accolade that it has been awarded each year since the firm opened its doors. To qualify, the firm went through an extensive evaluation process that included client reviews, peer evaluation and referral networks. In addition to meeting the highest standards in client satisfaction and professional criteria, Robert Sparks Attorneys qualified for the Best Law Firm status because it also has two U.S. News Best Lawyers on staff, including Ellen Ostman, who is Board Certified in family and marital law, and Kelly Candela who was admitted to the 'Ones to Watch' list for young up-and-coming attorneys. The entire team of trial attorneys at Robert Sparks Attorneys hasalso been recognized by: Super Lawyers, , Million Dollar Advocates Forum,National Lawyers Top 100 Trial Lawyers & Top 40 Under 40, National Black Trial Lawyers Top 100, Top 100 High Stakes Litigators, America's Top 100 Personal Injury Firms, American Institute of Personal Injury Attorney's 10 Best Attorneys -Client Satisfaction, American Institute of Family Law Attorney's 10 Best Attorneys -Client Satisfaction,Expertise's Best Personal Injury Lawyers, Lawyers of Distinction, "Lawyer of the Year" 2016 - Best Lawyers, Family Law, Tampa AV Preeminent on Martindale-Hubbell, and "Legal Elite" by Florida Trend magazine. The firm has recovered millions of dollars on behalf of their clients in both state and federal courts, including a brain injury casethat resulted in the highest single accident award in Hillsborough County history and the 62nd highest jury verdict nationwide in 2017. Robert Sparks Attorneys is comprised of former prosecutors, former insurance defense attorneys, former public defenders and former law enforcement with over 100 years of combined experience as trial lawyers. Their background and experience is put to work against powerful insurance companies and leveraged to protect families during the most serious of times of divorceandchild custodydisputes. The award-winning team of trial attorneys is serious about the cases they represent and they are dedicated to getting serious results. When it's time to get serious, www.getserious.com. SOURCE Robert Sparks Attorneys Related Links https://www.getserious.com
Answer: | Robert Sparks Attorneys Earns 2021 "Best Law Firms" Ranking | TAMPA, Fla., Nov. 5, 2020 /PRNewswire/ --Robert Sparks Attorneys has been named to the 2021 list of 'Best Law Firms' by U.S. News Best Lawyers, an accolade that it has been awarded each year since the firm opened its doors. To qualify, the firm went through an extensive evaluation process that included client reviews, peer evaluation and referral networks. In addition to meeting the highest standards in client satisfaction and professional criteria, Robert Sparks Attorneys qualified for the Best Law Firm status because it also has two U.S. News Best Lawyers on staff, including Ellen Ostman, who is Board Certified in family and marital law, and Kelly Candela who was admitted to the 'Ones to Watch' list for young up-and-coming attorneys. The entire team of trial attorneys at Robert Sparks Attorneys hasalso been recognized by: Super Lawyers, , Million Dollar Advocates Forum,National Lawyers Top 100 Trial Lawyers & Top 40 Under 40, National Black Trial Lawyers Top 100, Top 100 High Stakes Litigators, America's Top 100 Personal Injury Firms, American Institute of Personal Injury Attorney's 10 Best Attorneys -Client Satisfaction, American Institute of Family Law Attorney's 10 Best Attorneys -Client Satisfaction,Expertise's Best Personal Injury Lawyers, Lawyers of Distinction, "Lawyer of the Year" 2016 - Best Lawyers, Family Law, Tampa AV Preeminent on Martindale-Hubbell, and "Legal Elite" by Florida Trend magazine. The firm has recovered millions of dollars on behalf of their clients in both state and federal courts, including a brain injury casethat resulted in the highest single accident award in Hillsborough County history and the 62nd highest jury verdict nationwide in 2017. Robert Sparks Attorneys is comprised of former prosecutors, former insurance defense attorneys, former public defenders and former law enforcement with over 100 years of combined experience as trial lawyers. Their background and experience is put to work against powerful insurance companies and leveraged to protect families during the most serious of times of divorceandchild custodydisputes. The award-winning team of trial attorneys is serious about the cases they represent and they are dedicated to getting serious results. When it's time to get serious, www.getserious.com. SOURCE Robert Sparks Attorneys Related Links https://www.getserious.com |
edtsum528 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: LONDON--(BUSINESS WIRE)-- FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the Code) 1. KEY INFORMATION (a) Full name of discloser: Millennium International Management LP (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree William Hill plc (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: (e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure 4th March 2021 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state N/A No 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Class of relevant security: 10p ordinary (GB0031698896) Interests Short positions Number % Number % (1) Relevant securities owned and/or controlled: - - - - (2) Cash-settled derivatives: 33,549,676 3.193% 1,208,618 0.115% (3) Stock-settled derivatives (including options) and agreements to purchase/sell: - - - - TOTAL: 33,549,676 3.193% 1,208,618 0.115% All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Class of relevant security Purchase/sale Number of securities Price per unit (b) Cash-settled derivative transactions Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit (GBP) GB0031698896 Equity Swap Reducing a long position 1,096 2.71 GB0031698896 Equity Swap Reducing a long position 110 2.71 GB0031698896 Equity Swap Increasing a short position 168,983 2.71 GB0031698896 Equity Swap Increasing a long position 84,811 2.71 GB0031698896 Equity Swap Reducing a long position 775,149 2.71 (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit (ii) Exercise Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable) 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state none NONE (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state none NONE (c) Attachments Is a Supplemental Form 8 (Open Positions) attached? NO Date of disclosure: 5th March 2021 Contact name: Milos Naumovic Telephone number: +44 203 650 8203 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panels Market Surveillance Unit is available for consultation in relation to the Codes disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panels website at www.thetakeoverpanel.org.uk.
Answer: | Form 8.3 - William Hill plc | LONDON--(BUSINESS WIRE)-- FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the Code) 1. KEY INFORMATION (a) Full name of discloser: Millennium International Management LP (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree William Hill plc (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: (e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure 4th March 2021 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state N/A No 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Class of relevant security: 10p ordinary (GB0031698896) Interests Short positions Number % Number % (1) Relevant securities owned and/or controlled: - - - - (2) Cash-settled derivatives: 33,549,676 3.193% 1,208,618 0.115% (3) Stock-settled derivatives (including options) and agreements to purchase/sell: - - - - TOTAL: 33,549,676 3.193% 1,208,618 0.115% All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Class of relevant security Purchase/sale Number of securities Price per unit (b) Cash-settled derivative transactions Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit (GBP) GB0031698896 Equity Swap Reducing a long position 1,096 2.71 GB0031698896 Equity Swap Reducing a long position 110 2.71 GB0031698896 Equity Swap Increasing a short position 168,983 2.71 GB0031698896 Equity Swap Increasing a long position 84,811 2.71 GB0031698896 Equity Swap Reducing a long position 775,149 2.71 (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit (ii) Exercise Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable) 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state none NONE (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state none NONE (c) Attachments Is a Supplemental Form 8 (Open Positions) attached? NO Date of disclosure: 5th March 2021 Contact name: Milos Naumovic Telephone number: +44 203 650 8203 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panels Market Surveillance Unit is available for consultation in relation to the Codes disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panels website at www.thetakeoverpanel.org.uk. |
edtsum529 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: BOSTON--(BUSINESS WIRE)--Early Black Friday Fitbit watch and tracker deals have arrived. Review the latest discounts on Fitbit Versa 3, Charge 4, Ionic 3 & Sense. Explore the best deals listed below. Best Fitbit Deals: Searching for more deals? Click here to check out the entire selection of live deals at Walmarts Black Friday sale and click here to see Amazons current holiday season deals. Retail Fuse earns commissions from purchases made using the links provided. Tracking workouts is made easier with a Fitbit. The Fitbit Versa 3 comes with features for recognizing and recording activities making it the smartest Fitbit out there. Fitbit Charge 4 has enough functions to meet varying preferences. The Fitbit Flex 2 has similar functions to the Charge 4 but is swim-proof up to 100 meters. The Fitbit Ace 2 is the top option for kids as it comes with parental controls and the Fitbit Alta HR suits the ladies with its slim design. About Retail Fuse: Retail Fuse reports the latest retail news. As an Amazon Associate and affiliate Retail Fuse earns from qualifying purchases.
Answer: | Early Black Friday Fitbit Deals (2020): Top Fitbit Charge (4, 3 & 2), Versa, Versa Lite, Alta & More Deals Highlighted by Retail Fuse Save on a selection of Fitbit wearable deals at the early Black Friday sale, together with the latest Fitbit Ionic, Sense & Inspire sales | BOSTON--(BUSINESS WIRE)--Early Black Friday Fitbit watch and tracker deals have arrived. Review the latest discounts on Fitbit Versa 3, Charge 4, Ionic 3 & Sense. Explore the best deals listed below. Best Fitbit Deals: Searching for more deals? Click here to check out the entire selection of live deals at Walmarts Black Friday sale and click here to see Amazons current holiday season deals. Retail Fuse earns commissions from purchases made using the links provided. Tracking workouts is made easier with a Fitbit. The Fitbit Versa 3 comes with features for recognizing and recording activities making it the smartest Fitbit out there. Fitbit Charge 4 has enough functions to meet varying preferences. The Fitbit Flex 2 has similar functions to the Charge 4 but is swim-proof up to 100 meters. The Fitbit Ace 2 is the top option for kids as it comes with parental controls and the Fitbit Alta HR suits the ladies with its slim design. About Retail Fuse: Retail Fuse reports the latest retail news. As an Amazon Associate and affiliate Retail Fuse earns from qualifying purchases. |
edtsum530 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: BIRMINGHAM, Ala., April 2, 2020 /PRNewswire/ --VIVA HEALTH wants its 100,000+ members to know their health insurance company is there for them. To get that message out, to answer questions and to allay fears as best they can, VIVA HEALTH representatives have started making calls this week, member by member and household by household. (PRNewsfoto/VIVA HEALTH, INC.) Nurses, social workers, community health workers and customer service representatives are asking VIVA HEALTH members if they are well and if they have the resources they need medicine, food, essential supplies and more. If members do not have critical resources, the VIVA HEALTH staff will work to help resolve the issues. "I really want to show our members that we are here for them and that we are being proactive during this crisis," said Donna Thomas, R.N., Executive Director of Health Services at VIVA HEALTH. "We are not waiting for members to call us. We are making the outreach to them." If the VIVA HEALTH staff member calling learns that a member is sick and in need of urgent help or has a pressing need, that member is connected quickly to a VIVA HEALTH nurse or social worker who can help the member determine what to do. If the member has a medical or social need that is not urgent, a nurse, pharmacist or social worker will call back by the next business day to see how VIVA HEALTH can help the member access treatment or available community assistance.VIVA HEALTHis first calling members it has already identified as high risk."It will take several weeks to get to everyone," Thomas said. "We are starting with our must vulnerable population and working our way through. We hope to connect with as many members as possible while this crisis continues."As part of the outreach, VIVA HEALTH employees will also reassure members that their coverage will address the health needs related to the novel coronavirus illness. VIVA HEALTHis here to support our members, health care providers and the public. Specifically, VIVA HEALTH is expanding coverage for medically appropriate care from its network providers, including: COVID-19 testing and testing-related office, urgent care or emergency department visits Covered at 100%. Telehealth visits Covered at 100%. Pharmacy Early refills of maintenance medications with home delivery options available. Coronavirus treatment Covered in the same way as any other illness, including hospital care if needed. VIVA HEALTHmembers with questions about coronavirus or any other aspect of their health care coverage can call VIVA HEALTH's toll-free customer support line, which can be found on the back of their member I.D. card. Or, visit https://www.vivahealth.com/coronavirus/for the latest updates.About VIVA HEALTH:Founded in 1995, VIVA HEALTH has a contract with the federal government to offer Medicare Advantage plans in 31 counties in Alabama and is licensed by the state to offer employer-sponsored coverage in 66 counties. Part of the UAB Health System, VIVA HEALTH has close to 50,000 VIVA HEALTH members and provides or administers health benefits to an additional 56,000 members in employer group health plans. VIVA HEALTH was recently named by U.S. News & World Report as one of the best Medicare Advantage health plans in the country for 2020. Additionally, VIVA HEALTH was selected by Modern Healthcare as one of the 2019 Best Places to Work in Healthcare. VIVA MEDICARE has earned one of the top customer satisfaction survey scores in the state for the past ten years in the Medicare & You Handbook. VIVA HEALTH is headquartered in Birmingham with offices throughout the state, and customer service questions are answered by employees in Alabama. Contact: Cheryl Garove [emailprotected]for photos, video or telephone interview with a VIVA HEALTH representative.SOURCE VIVA HEALTH, INC. Related Links https://www.vivahealth.com
Answer: | VIVA HEALTH responds to health crisis with personal outreach Health insurance company offers members reassurance, help during public health crisis | BIRMINGHAM, Ala., April 2, 2020 /PRNewswire/ --VIVA HEALTH wants its 100,000+ members to know their health insurance company is there for them. To get that message out, to answer questions and to allay fears as best they can, VIVA HEALTH representatives have started making calls this week, member by member and household by household. (PRNewsfoto/VIVA HEALTH, INC.) Nurses, social workers, community health workers and customer service representatives are asking VIVA HEALTH members if they are well and if they have the resources they need medicine, food, essential supplies and more. If members do not have critical resources, the VIVA HEALTH staff will work to help resolve the issues. "I really want to show our members that we are here for them and that we are being proactive during this crisis," said Donna Thomas, R.N., Executive Director of Health Services at VIVA HEALTH. "We are not waiting for members to call us. We are making the outreach to them." If the VIVA HEALTH staff member calling learns that a member is sick and in need of urgent help or has a pressing need, that member is connected quickly to a VIVA HEALTH nurse or social worker who can help the member determine what to do. If the member has a medical or social need that is not urgent, a nurse, pharmacist or social worker will call back by the next business day to see how VIVA HEALTH can help the member access treatment or available community assistance.VIVA HEALTHis first calling members it has already identified as high risk."It will take several weeks to get to everyone," Thomas said. "We are starting with our must vulnerable population and working our way through. We hope to connect with as many members as possible while this crisis continues."As part of the outreach, VIVA HEALTH employees will also reassure members that their coverage will address the health needs related to the novel coronavirus illness. VIVA HEALTHis here to support our members, health care providers and the public. Specifically, VIVA HEALTH is expanding coverage for medically appropriate care from its network providers, including: COVID-19 testing and testing-related office, urgent care or emergency department visits Covered at 100%. Telehealth visits Covered at 100%. Pharmacy Early refills of maintenance medications with home delivery options available. Coronavirus treatment Covered in the same way as any other illness, including hospital care if needed. VIVA HEALTHmembers with questions about coronavirus or any other aspect of their health care coverage can call VIVA HEALTH's toll-free customer support line, which can be found on the back of their member I.D. card. Or, visit https://www.vivahealth.com/coronavirus/for the latest updates.About VIVA HEALTH:Founded in 1995, VIVA HEALTH has a contract with the federal government to offer Medicare Advantage plans in 31 counties in Alabama and is licensed by the state to offer employer-sponsored coverage in 66 counties. Part of the UAB Health System, VIVA HEALTH has close to 50,000 VIVA HEALTH members and provides or administers health benefits to an additional 56,000 members in employer group health plans. VIVA HEALTH was recently named by U.S. News & World Report as one of the best Medicare Advantage health plans in the country for 2020. Additionally, VIVA HEALTH was selected by Modern Healthcare as one of the 2019 Best Places to Work in Healthcare. VIVA MEDICARE has earned one of the top customer satisfaction survey scores in the state for the past ten years in the Medicare & You Handbook. VIVA HEALTH is headquartered in Birmingham with offices throughout the state, and customer service questions are answered by employees in Alabama. Contact: Cheryl Garove [emailprotected]for photos, video or telephone interview with a VIVA HEALTH representative.SOURCE VIVA HEALTH, INC. Related Links https://www.vivahealth.com |
edtsum531 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK--(BUSINESS WIRE)--MetLife, Inc. announced today that its subsidiary, Metropolitan Tower Life Insurance Company, has entered into an agreement with Weyerhaeuser Company (Weyerhaeuser) to provide annuity benefits to nearly 5,200 retirees and beneficiaries in Weyerhaeusers defined benefit (DB) pension plan, representing pension obligations of approximately $765 million. We are pleased to have been selected to provide guaranteed lifetime income to these Weyerhaeuser retirees and beneficiaries, says Graham Cox, executive vice president and head of Retirement & Income Solutions at MetLife. In 2021, MetLife is celebrating its 100th year offering group annuity contracts; our expertise in managing transferred pension liabilities allows our clients to reduce the risk associated with managing their pension plan and know their participants benefits are protected. Weyerhaeusers group annuity contract purchase from Metropolitan Tower Life Insurance Company closed in December 2020. The transaction will not change the amount of the monthly pension benefit received by Weyerhaeusers retirees and beneficiaries. No action is needed by retirees or beneficiaries. Weyerhaeuser and MetLife will provide details to those Weyerhaeuser retired participants and beneficiaries whose ongoing payments will be made by Metropolitan Tower Life Insurance Company. This pension risk transfer agreement allows Weyerhaeuser to focus on its core mission and lessen our plans exposure to market volatility, while knowing that MetLifes expertise in guaranteed lifetime income ensures a seamless transition for transferred retirees and beneficiaries, said Russell Hagen, senior vice president and chief financial officer of Weyerhaeuser. Plan sponsors are looking to pursue pension risk transfer transactions sooner rather than later. MetLifes 2020 Pension Risk Transfer Poll found that among plan sponsors interested in a buyout, the majority (81%) said they would transact within five years, including 24% who said they would secure a buyout within two years. MetLife, through Metropolitan Life Insurance Company and Metropolitan Tower Life Insurance Company, is a market leader in the pension risk transfer industry, managing benefit payments of approximately $3 billion a year for about 720,000 annuitants. Metropolitan Life Insurance Company issued its first group annuity contract in 1921 to fund a defined benefit plan. MetLifes Retirement & Income Solutions Customer Solutions Center team has been recognized by J.D. Power for providing "An Outstanding Customer Service Experience" for the Live Phone Channel. MetLife's Retirement & Income Solutions (RIS) business includes U.S. Pensions, Institutional Income Annuities, and Structured Settlements in addition to other institutional products. About MetLife MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (MetLife), is one of the worlds leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com. About Weyerhaeuser Company Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. The company owns or controls approximately 11 million acres of timberlands in the U.S. and manages additional timberlands under long-term licenses in Canada. Weyerhaeuser manages these timberlands on a sustainable basis in compliance with internationally recognized forestry standards, and the company is also one of the largest manufacturers of wood products in North America. Weyerhaeuser is a real estate investment trust and in 2019 generated $6.6 billion in net sales and employed approximately 9,400 people who serve customers worldwide. The company is listed on the Dow Jones Sustainability North America Index. Its common stock trades on the New York Stock Exchange under the symbol WY. Learn more at www.weyerhaeuser.com. Forward-Looking Statements The forward-looking statements in this news release, such as those using words that include, without limitation, will and other statements or phrases that directly or indirectly imply the occurrence of future or ongoing events, are forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements are based on current assumptions and expectations and are not guarantees that the events described or suggested in the statements will occur within the time frame indicated, or at all. The accuracy of these assumptions and expectations is subject to a number of risks and uncertainties that could cause actual events to differ materially from those described or suggested in the forward-looking statements including, but not limited to, those described in the Risk Factors MetLife, Inc. and Weyerhaeuser each describes in their respective U.S. Securities and Exchange Commission filings. Future results could differ, and neither MetLife nor Weyerhaeuser undertakes any obligation to correct or update any of these forward-looking statements.
Answer: | MetLife to Provide Annuity Benefits to Nearly 5,200 Weyerhaeuser Retirees and Beneficiaries ~ Pension risk transfer agreement covers approximately $765 million in pension obligations ~ | NEW YORK--(BUSINESS WIRE)--MetLife, Inc. announced today that its subsidiary, Metropolitan Tower Life Insurance Company, has entered into an agreement with Weyerhaeuser Company (Weyerhaeuser) to provide annuity benefits to nearly 5,200 retirees and beneficiaries in Weyerhaeusers defined benefit (DB) pension plan, representing pension obligations of approximately $765 million. We are pleased to have been selected to provide guaranteed lifetime income to these Weyerhaeuser retirees and beneficiaries, says Graham Cox, executive vice president and head of Retirement & Income Solutions at MetLife. In 2021, MetLife is celebrating its 100th year offering group annuity contracts; our expertise in managing transferred pension liabilities allows our clients to reduce the risk associated with managing their pension plan and know their participants benefits are protected. Weyerhaeusers group annuity contract purchase from Metropolitan Tower Life Insurance Company closed in December 2020. The transaction will not change the amount of the monthly pension benefit received by Weyerhaeusers retirees and beneficiaries. No action is needed by retirees or beneficiaries. Weyerhaeuser and MetLife will provide details to those Weyerhaeuser retired participants and beneficiaries whose ongoing payments will be made by Metropolitan Tower Life Insurance Company. This pension risk transfer agreement allows Weyerhaeuser to focus on its core mission and lessen our plans exposure to market volatility, while knowing that MetLifes expertise in guaranteed lifetime income ensures a seamless transition for transferred retirees and beneficiaries, said Russell Hagen, senior vice president and chief financial officer of Weyerhaeuser. Plan sponsors are looking to pursue pension risk transfer transactions sooner rather than later. MetLifes 2020 Pension Risk Transfer Poll found that among plan sponsors interested in a buyout, the majority (81%) said they would transact within five years, including 24% who said they would secure a buyout within two years. MetLife, through Metropolitan Life Insurance Company and Metropolitan Tower Life Insurance Company, is a market leader in the pension risk transfer industry, managing benefit payments of approximately $3 billion a year for about 720,000 annuitants. Metropolitan Life Insurance Company issued its first group annuity contract in 1921 to fund a defined benefit plan. MetLifes Retirement & Income Solutions Customer Solutions Center team has been recognized by J.D. Power for providing "An Outstanding Customer Service Experience" for the Live Phone Channel. MetLife's Retirement & Income Solutions (RIS) business includes U.S. Pensions, Institutional Income Annuities, and Structured Settlements in addition to other institutional products. About MetLife MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (MetLife), is one of the worlds leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com. About Weyerhaeuser Company Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. The company owns or controls approximately 11 million acres of timberlands in the U.S. and manages additional timberlands under long-term licenses in Canada. Weyerhaeuser manages these timberlands on a sustainable basis in compliance with internationally recognized forestry standards, and the company is also one of the largest manufacturers of wood products in North America. Weyerhaeuser is a real estate investment trust and in 2019 generated $6.6 billion in net sales and employed approximately 9,400 people who serve customers worldwide. The company is listed on the Dow Jones Sustainability North America Index. Its common stock trades on the New York Stock Exchange under the symbol WY. Learn more at www.weyerhaeuser.com. Forward-Looking Statements The forward-looking statements in this news release, such as those using words that include, without limitation, will and other statements or phrases that directly or indirectly imply the occurrence of future or ongoing events, are forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements are based on current assumptions and expectations and are not guarantees that the events described or suggested in the statements will occur within the time frame indicated, or at all. The accuracy of these assumptions and expectations is subject to a number of risks and uncertainties that could cause actual events to differ materially from those described or suggested in the forward-looking statements including, but not limited to, those described in the Risk Factors MetLife, Inc. and Weyerhaeuser each describes in their respective U.S. Securities and Exchange Commission filings. Future results could differ, and neither MetLife nor Weyerhaeuser undertakes any obligation to correct or update any of these forward-looking statements. |
edtsum532 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: KNOXVILLE, Tenn., March 23, 2021 /PRNewswire/ --JTV,the national jewelry retailer and broadcast network, today announced five exclusive new jewelry collections launching in partnership with Hallmark Diamonds, the global greeting card manufacturer's signature line of licensed jewelry. Designed exclusively for JTV, the new Hallmark Diamonds collections feature timeless styles that represent the special moments, milestones and relationships in our lives. During a time when it is more important than ever to spread cheer and celebrate what matters most, each piece serves as a special keepsake that helps keep loved ones emotionally connected. "JTV aims to encourage and inspire through our meaningful jewelry designs that symbolize life's special moments," said Kris Kulesza, Senior Vice President of Merchandising, JTV. "We're thrilled to partner with Hallmark to offer captivating designs that honor the symbols and values that make your heart sparkle." Embodying the legacy of the iconic Hallmarkcrown and all it stands for, the Hallmark Diamonds jewelry collection helps you tell your unique story and celebrate the things that are close to your heart. Expressions of love, inspiration, friendship, joy and family and are the foundation of the collections' designs. "For more than 100 years, Hallmark has helped make the world a more emotionally connected place by capturing and celebrating meaningful milestones and the everyday moments in between," said Jill Shuler, Hallmark Global Brand Licensing Director. "The stunning diamond pieces in each collection are more than just beautiful and stylish accessories they're thoughtful keepsakes filled with deep meaning that will celebrate your story for years to come." The unique and symbolic JTV x Hallmark Diamonds collections include All My Heart, Creature Comforts, Happiness Blooms, and Let Your Faith Shine. Each line features beautiful diamond jewelry pieces set in silver and 14k yellow, white and rose gold. The exclusive Hallmark Diamonds collections will be available for purchase on JTV's broadcast and ecommerce channels beginning March 25 with price points ranging from $93-$213. For more information on the JTV x Hallmark Diamonds collections, visit JTV.com and follow JTV on Instagram,Facebook, Pinterest, Twitter and YouTube. For more about Hallmark, visit Hallmark.com and follow the company's social pages on Facebook, Twitter, Instagram, Pinterest, LinkedIn and YouTube. About JTV JTV (Jewelry Television) is the leading retailer ofjewelryandgemstonesin the United States. With a proven 27-year history, JTV leverages an omni-digital strategy designed to elevate the customer experience through holistic, digitally-driven touch points, including live TV programming, 24 hours a day, seven days a week to 85 million U.S. households, an industry leading mobile optimized e-commerce platform, and a robust and engaging social media presence. As part of its commitment to customer satisfaction and the development and distribution of educational content, the company employs numerous Graduate Gemologists and Accredited Jewelry Professionals.JTV.com is one of the largest jewelry e-commerce websites in the country according to Internet Retailer's Top 500 list for 2019. For more information, visit JTV.com and JTV's social media channels:Facebook,Instagram, YouTube,Twitter, Pinterest andLinkedIn. About HallmarkFor more than 100 years, family-owned Hallmark Cards, Inc. has been dedicated to creating a more emotionally connected world. Headquartered in Kansas City, Missouri and employing 30,000 worldwide, the approximately $4 billion company operates a diversified portfolio of businesses. The Hallmark Global business sells greeting cards, gift wrap and related products in more than 30 languages with distribution in more than 100 countries and 100,000 rooftops worldwide, including about 2,000 Hallmark Gold Crown stores in five countries. Crayola offers a wide range of art materials and creative play toys designed to spark children's creativity around the globe. Crown Media Family Networks operates three cable channels Hallmark Channel, Hallmark Movies & Mysteries, and Hallmark Drama in addition to Hallmark Publishing, a leading publisher of uplifting eBooks, audiobooks, and print editions, and Hallmark Movies Now, a subscription-based streaming service. Crown Center is a real estate development company that manages the 85-acre hotel, office, entertainment and residential campus surrounding Hallmark's headquarters. For more information, visit Hallmark.com. Connect on Facebook, Twitter, Instagram, Pinterest, LinkedIn and YouTube. SOURCE Jewelry Television Related Links https://www.jtv.com
Answer: | JTV Partners with Hallmark to Launch Exclusive Jewelry Collections National Jewelry Retailer Launches Hallmark Diamonds Collections to Celebrate Life's Shining Moments | KNOXVILLE, Tenn., March 23, 2021 /PRNewswire/ --JTV,the national jewelry retailer and broadcast network, today announced five exclusive new jewelry collections launching in partnership with Hallmark Diamonds, the global greeting card manufacturer's signature line of licensed jewelry. Designed exclusively for JTV, the new Hallmark Diamonds collections feature timeless styles that represent the special moments, milestones and relationships in our lives. During a time when it is more important than ever to spread cheer and celebrate what matters most, each piece serves as a special keepsake that helps keep loved ones emotionally connected. "JTV aims to encourage and inspire through our meaningful jewelry designs that symbolize life's special moments," said Kris Kulesza, Senior Vice President of Merchandising, JTV. "We're thrilled to partner with Hallmark to offer captivating designs that honor the symbols and values that make your heart sparkle." Embodying the legacy of the iconic Hallmarkcrown and all it stands for, the Hallmark Diamonds jewelry collection helps you tell your unique story and celebrate the things that are close to your heart. Expressions of love, inspiration, friendship, joy and family and are the foundation of the collections' designs. "For more than 100 years, Hallmark has helped make the world a more emotionally connected place by capturing and celebrating meaningful milestones and the everyday moments in between," said Jill Shuler, Hallmark Global Brand Licensing Director. "The stunning diamond pieces in each collection are more than just beautiful and stylish accessories they're thoughtful keepsakes filled with deep meaning that will celebrate your story for years to come." The unique and symbolic JTV x Hallmark Diamonds collections include All My Heart, Creature Comforts, Happiness Blooms, and Let Your Faith Shine. Each line features beautiful diamond jewelry pieces set in silver and 14k yellow, white and rose gold. The exclusive Hallmark Diamonds collections will be available for purchase on JTV's broadcast and ecommerce channels beginning March 25 with price points ranging from $93-$213. For more information on the JTV x Hallmark Diamonds collections, visit JTV.com and follow JTV on Instagram,Facebook, Pinterest, Twitter and YouTube. For more about Hallmark, visit Hallmark.com and follow the company's social pages on Facebook, Twitter, Instagram, Pinterest, LinkedIn and YouTube. About JTV JTV (Jewelry Television) is the leading retailer ofjewelryandgemstonesin the United States. With a proven 27-year history, JTV leverages an omni-digital strategy designed to elevate the customer experience through holistic, digitally-driven touch points, including live TV programming, 24 hours a day, seven days a week to 85 million U.S. households, an industry leading mobile optimized e-commerce platform, and a robust and engaging social media presence. As part of its commitment to customer satisfaction and the development and distribution of educational content, the company employs numerous Graduate Gemologists and Accredited Jewelry Professionals.JTV.com is one of the largest jewelry e-commerce websites in the country according to Internet Retailer's Top 500 list for 2019. For more information, visit JTV.com and JTV's social media channels:Facebook,Instagram, YouTube,Twitter, Pinterest andLinkedIn. About HallmarkFor more than 100 years, family-owned Hallmark Cards, Inc. has been dedicated to creating a more emotionally connected world. Headquartered in Kansas City, Missouri and employing 30,000 worldwide, the approximately $4 billion company operates a diversified portfolio of businesses. The Hallmark Global business sells greeting cards, gift wrap and related products in more than 30 languages with distribution in more than 100 countries and 100,000 rooftops worldwide, including about 2,000 Hallmark Gold Crown stores in five countries. Crayola offers a wide range of art materials and creative play toys designed to spark children's creativity around the globe. Crown Media Family Networks operates three cable channels Hallmark Channel, Hallmark Movies & Mysteries, and Hallmark Drama in addition to Hallmark Publishing, a leading publisher of uplifting eBooks, audiobooks, and print editions, and Hallmark Movies Now, a subscription-based streaming service. Crown Center is a real estate development company that manages the 85-acre hotel, office, entertainment and residential campus surrounding Hallmark's headquarters. For more information, visit Hallmark.com. Connect on Facebook, Twitter, Instagram, Pinterest, LinkedIn and YouTube. SOURCE Jewelry Television Related Links https://www.jtv.com |
edtsum533 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SILVER SPRING, Md., Dec. 11, 2020 /PRNewswire/ --Today, the U.S. Food and Drug Administration issued the first emergency use authorization (EUA) fora vaccine for the prevention of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) in individuals 16 years of age and older. The emergency use authorization allows the Pfizer-BioNTech COVID-19 Vaccine to be distributed in the U.S. "The FDA's authorization for emergency use of the first COVID-19 vaccine is a significant milestone in battling this devastating pandemic that has affected so many families in the United States and around the world," said FDA Commissioner Stephen M. Hahn, M.D. "Today's action follows an open and transparent review process that included input from independent scientific and public health experts and a thorough evaluation by the agency's career scientists to ensure this vaccine met FDA's rigorous, scientific standards for safety, effectiveness, and manufacturing quality needed to support emergency use authorization. The tireless work to develop a new vaccine to prevent this novel, serious, and life-threatening disease in an expedited timeframe after its emergence is a true testament to scientific innovation and public-private collaboration worldwide." The FDA has determined that Pfizer-BioNTech COVID-19 Vaccine has met the statutory criteria for issuance of an EUA. The totality of the available data provides clear evidence that Pfizer-BioNTech COVID-19 Vaccine may be effective in preventing COVID-19. The data also support that the known and potential benefits outweigh the known and potential risks, supporting the vaccine's use in millions of people 16 years of age and older, including healthy individuals. In making this determination, the FDA can assure the public and medical community that it has conducted a thorough evaluation of the available safety, effectiveness and manufacturing quality information. The Pfizer-BioNTech COVID-19 Vaccine contains messenger RNA (mRNA), which is genetic material. The vaccine contains a small piece of the SARS-CoV-2 virus's mRNA that instructs cells in the body to make the virus's distinctive "spike" protein. When a person receives this vaccine, their body produces copies of the spike protein, which does not cause disease, but triggers the immune system to learn to react defensively, producing an immune response against SARS-CoV-2. "While not an FDA approval,today's emergency use authorization of the Pfizer-BioNTech COVID-19 Vaccine holds the promise to alter the course of this pandemic in the United States," said Peter Marks, M.D., Ph.D., Director of the FDA's Center for Biologics Evaluation and Research. "With science guiding our decision-making, the available safety and effectiveness data support the authorization of the Pfizer-BioNTech COVID-19 Vaccine because the vaccine's known and potential benefits clearly outweigh its known and potential risks. The data provided by the sponsor have met the FDA's expectations as conveyed in our June and October guidance documents. Efforts to speed vaccine development have not sacrificed scientific standards or the integrity of our vaccine evaluation process. The FDA's review process also included public and independent review from members of the agency's Vaccines and Related Biological Products Advisory Committee. Today's achievement is ultimately a testament to the commitment of our career scientists and physicians, who worked tirelessly to thoroughly evaluate the data and information for this vaccine." FDA Evaluation of Available Safety Data Pfizer BioNTech COVID-19 Vaccine is administered as a series of two doses, three weeks apart. The available safety data to support the EUA include 37,586 of the participants enrolled in an ongoing randomized, placebo-controlled international study, the majority of whom are U.S. participants. These participants, 18,801 of whom received the vaccine and 18,785 of whom received saline placebo, were followed for a median of two months after receiving the second dose. The most commonly reported side effects, which typically lasted several days, were pain at the injection site, tiredness, headache, muscle pain, chills, joint pain, and fever. Of note, more people experienced these side effects after thesecond dose than after thefirst dose, so it is important for vaccination providers and recipients to expect that there may be some side effects after either dose, but even more so after the second dose. It is mandatory for Pfizer Inc. and vaccination providers to report the following to the Vaccine Adverse Event Reporting System (VAERS) for Pfizer-BioNTech COVID-19 Vaccine: all vaccine administration errors, serious adverse events, cases of Multisystem Inflammatory Syndrome (MIS), and cases of COVID-19 that result in hospitalization or death. FDA Evaluation of Available Effectiveness Data The effectiveness data to support the EUA include an analysis of 36,523 participants in the ongoing randomized, placebo-controlled international study, the majority of whom are U.S. participants, who did not have evidence of SARS-CoV-2 infection through seven days after the second dose. Among these participants, 18,198 received the vaccine and 18,325 received placebo. The vaccine was 95% effective in preventing COVID-19 disease among these clinical trial participants with eight COVID-19 cases in the vaccine group and 162 in the placebo group. Of these 170 COVID-19 cases, one in the vaccine group and three in the placebo group were classified as severe. At this time, data are not available to make a determination about how long the vaccine will provide protection, nor is there evidence that the vaccine prevents transmission of SARS-CoV-2 from person to person. The EUA Process On the basis of the determination by the Secretary of the Department of Health and Human Services on February 4, 2020, that there is a public health emergency that has a significant potential to affect national security or the health and security of United States citizens living abroad, and then issued declarations that circumstances exist justifying the authorization of emergency use of unapproved products, the FDA may issue an EUA to allow unapproved medical products or unapproved uses of approved medical products to be used in an emergency to diagnose, treat, or prevent COVID-19 when there are no adequate, approved, and available alternatives. The issuance of an EUA is different than an FDA approval (licensure) of a vaccine. In determining whether to issue an EUA for a product, the FDA evaluates the available evidence and assesses any known or potential risks and any known or potential benefits, and if the benefit-risk assessment is favorable, the product is made available during the emergency. Once a manufacturer submits an EUA request for a COVID-19 vaccine to the FDA, the agency then evaluates the request and determines whether the relevant statutory criteria are met, taking into account the totality of the scientific evidence about the vaccine that is available to the FDA. The EUA also requires that fact sheets that provide important information, including dosing instructions, and information about the benefits and risks of the Pfizer-BioNTech COVID-19 Vaccine, be made available to vaccination providers and vaccine recipients. The company has submitted a pharmacovigilance plan to FDA to monitor the safety of Pfizer-BioNTech COVID-19 Vaccine. The pharmacovigilance plan includes a plan to complete longer-term safety follow-up for participants enrolled in ongoing clinical trials. The pharmacovigilance plan also includes other activities aimed at monitoring the safety profile of the Pfizer-BioNTech COVID-19 vaccine and ensuring that any safety concerns are identified and evaluated in a timely manner. The FDA also expects manufacturers whose COVID-19 vaccines are authorized under an EUA to continue their clinical trials to obtain additional safety and effectiveness information and pursue approval (licensure). The EUA for the Pfizer-BioNTech COVID-19 Vaccine was issued to Pfizer Inc. The EUA will be effective until the declaration that circumstances exist justifying the authorization of the emergency use of drugs and biologics for prevention and treatment of COVID-19 is terminated, and may be revised or revoked if it is determined the EUA no longer meets the statutory criteria for issuance. Additional Resources: Pfizer-BioNTech COVID-19 Vaccine EUA Letter of Authorization Pfizer-BioNTech COVID-19 Vaccine EUA Fact Sheet for Healthcare Providers Pfizer-BioNTech COVID-19 Vaccine EUA Fact Sheet for Patients COVID-19 Vaccines Emergency Use Authorization for Vaccines Explained Emergency Use Authorization for Vaccines to Prevent COVID-19; Guidance for Industry Development and Licensure of Vaccines to Prevent COVID-19; Guidance for Industry Media Contact:FDA Office of Media Affairs, 301-796-4540Consumer Inquiries: Emailor 888-INFO-FDA The FDA, an agency within the U.S. Department of Health and Human Services, protects the public health by assuring the safety, effectiveness, and security of human and veterinary drugs, vaccines and other biological products for human use, and medical devices. The agency also is responsible for the safety and security of our nation's food supply, cosmetics, dietary supplements, products that give off electronic radiation, and for regulating tobacco products. SOURCE U.S. Food and Drug Administration Related Links http://www.fda.gov
Answer: | FDA Takes Key Action in Fight Against COVID-19 By Issuing Emergency Use Authorization for First COVID-19 Vaccine Action Follows Thorough Evaluation of Available Safety, Effectiveness, and Manufacturing Quality Information by FDA Career Scientists, Input from Independent Experts | SILVER SPRING, Md., Dec. 11, 2020 /PRNewswire/ --Today, the U.S. Food and Drug Administration issued the first emergency use authorization (EUA) fora vaccine for the prevention of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) in individuals 16 years of age and older. The emergency use authorization allows the Pfizer-BioNTech COVID-19 Vaccine to be distributed in the U.S. "The FDA's authorization for emergency use of the first COVID-19 vaccine is a significant milestone in battling this devastating pandemic that has affected so many families in the United States and around the world," said FDA Commissioner Stephen M. Hahn, M.D. "Today's action follows an open and transparent review process that included input from independent scientific and public health experts and a thorough evaluation by the agency's career scientists to ensure this vaccine met FDA's rigorous, scientific standards for safety, effectiveness, and manufacturing quality needed to support emergency use authorization. The tireless work to develop a new vaccine to prevent this novel, serious, and life-threatening disease in an expedited timeframe after its emergence is a true testament to scientific innovation and public-private collaboration worldwide." The FDA has determined that Pfizer-BioNTech COVID-19 Vaccine has met the statutory criteria for issuance of an EUA. The totality of the available data provides clear evidence that Pfizer-BioNTech COVID-19 Vaccine may be effective in preventing COVID-19. The data also support that the known and potential benefits outweigh the known and potential risks, supporting the vaccine's use in millions of people 16 years of age and older, including healthy individuals. In making this determination, the FDA can assure the public and medical community that it has conducted a thorough evaluation of the available safety, effectiveness and manufacturing quality information. The Pfizer-BioNTech COVID-19 Vaccine contains messenger RNA (mRNA), which is genetic material. The vaccine contains a small piece of the SARS-CoV-2 virus's mRNA that instructs cells in the body to make the virus's distinctive "spike" protein. When a person receives this vaccine, their body produces copies of the spike protein, which does not cause disease, but triggers the immune system to learn to react defensively, producing an immune response against SARS-CoV-2. "While not an FDA approval,today's emergency use authorization of the Pfizer-BioNTech COVID-19 Vaccine holds the promise to alter the course of this pandemic in the United States," said Peter Marks, M.D., Ph.D., Director of the FDA's Center for Biologics Evaluation and Research. "With science guiding our decision-making, the available safety and effectiveness data support the authorization of the Pfizer-BioNTech COVID-19 Vaccine because the vaccine's known and potential benefits clearly outweigh its known and potential risks. The data provided by the sponsor have met the FDA's expectations as conveyed in our June and October guidance documents. Efforts to speed vaccine development have not sacrificed scientific standards or the integrity of our vaccine evaluation process. The FDA's review process also included public and independent review from members of the agency's Vaccines and Related Biological Products Advisory Committee. Today's achievement is ultimately a testament to the commitment of our career scientists and physicians, who worked tirelessly to thoroughly evaluate the data and information for this vaccine." FDA Evaluation of Available Safety Data Pfizer BioNTech COVID-19 Vaccine is administered as a series of two doses, three weeks apart. The available safety data to support the EUA include 37,586 of the participants enrolled in an ongoing randomized, placebo-controlled international study, the majority of whom are U.S. participants. These participants, 18,801 of whom received the vaccine and 18,785 of whom received saline placebo, were followed for a median of two months after receiving the second dose. The most commonly reported side effects, which typically lasted several days, were pain at the injection site, tiredness, headache, muscle pain, chills, joint pain, and fever. Of note, more people experienced these side effects after thesecond dose than after thefirst dose, so it is important for vaccination providers and recipients to expect that there may be some side effects after either dose, but even more so after the second dose. It is mandatory for Pfizer Inc. and vaccination providers to report the following to the Vaccine Adverse Event Reporting System (VAERS) for Pfizer-BioNTech COVID-19 Vaccine: all vaccine administration errors, serious adverse events, cases of Multisystem Inflammatory Syndrome (MIS), and cases of COVID-19 that result in hospitalization or death. FDA Evaluation of Available Effectiveness Data The effectiveness data to support the EUA include an analysis of 36,523 participants in the ongoing randomized, placebo-controlled international study, the majority of whom are U.S. participants, who did not have evidence of SARS-CoV-2 infection through seven days after the second dose. Among these participants, 18,198 received the vaccine and 18,325 received placebo. The vaccine was 95% effective in preventing COVID-19 disease among these clinical trial participants with eight COVID-19 cases in the vaccine group and 162 in the placebo group. Of these 170 COVID-19 cases, one in the vaccine group and three in the placebo group were classified as severe. At this time, data are not available to make a determination about how long the vaccine will provide protection, nor is there evidence that the vaccine prevents transmission of SARS-CoV-2 from person to person. The EUA Process On the basis of the determination by the Secretary of the Department of Health and Human Services on February 4, 2020, that there is a public health emergency that has a significant potential to affect national security or the health and security of United States citizens living abroad, and then issued declarations that circumstances exist justifying the authorization of emergency use of unapproved products, the FDA may issue an EUA to allow unapproved medical products or unapproved uses of approved medical products to be used in an emergency to diagnose, treat, or prevent COVID-19 when there are no adequate, approved, and available alternatives. The issuance of an EUA is different than an FDA approval (licensure) of a vaccine. In determining whether to issue an EUA for a product, the FDA evaluates the available evidence and assesses any known or potential risks and any known or potential benefits, and if the benefit-risk assessment is favorable, the product is made available during the emergency. Once a manufacturer submits an EUA request for a COVID-19 vaccine to the FDA, the agency then evaluates the request and determines whether the relevant statutory criteria are met, taking into account the totality of the scientific evidence about the vaccine that is available to the FDA. The EUA also requires that fact sheets that provide important information, including dosing instructions, and information about the benefits and risks of the Pfizer-BioNTech COVID-19 Vaccine, be made available to vaccination providers and vaccine recipients. The company has submitted a pharmacovigilance plan to FDA to monitor the safety of Pfizer-BioNTech COVID-19 Vaccine. The pharmacovigilance plan includes a plan to complete longer-term safety follow-up for participants enrolled in ongoing clinical trials. The pharmacovigilance plan also includes other activities aimed at monitoring the safety profile of the Pfizer-BioNTech COVID-19 vaccine and ensuring that any safety concerns are identified and evaluated in a timely manner. The FDA also expects manufacturers whose COVID-19 vaccines are authorized under an EUA to continue their clinical trials to obtain additional safety and effectiveness information and pursue approval (licensure). The EUA for the Pfizer-BioNTech COVID-19 Vaccine was issued to Pfizer Inc. The EUA will be effective until the declaration that circumstances exist justifying the authorization of the emergency use of drugs and biologics for prevention and treatment of COVID-19 is terminated, and may be revised or revoked if it is determined the EUA no longer meets the statutory criteria for issuance. Additional Resources: Pfizer-BioNTech COVID-19 Vaccine EUA Letter of Authorization Pfizer-BioNTech COVID-19 Vaccine EUA Fact Sheet for Healthcare Providers Pfizer-BioNTech COVID-19 Vaccine EUA Fact Sheet for Patients COVID-19 Vaccines Emergency Use Authorization for Vaccines Explained Emergency Use Authorization for Vaccines to Prevent COVID-19; Guidance for Industry Development and Licensure of Vaccines to Prevent COVID-19; Guidance for Industry Media Contact:FDA Office of Media Affairs, 301-796-4540Consumer Inquiries: Emailor 888-INFO-FDA The FDA, an agency within the U.S. Department of Health and Human Services, protects the public health by assuring the safety, effectiveness, and security of human and veterinary drugs, vaccines and other biological products for human use, and medical devices. The agency also is responsible for the safety and security of our nation's food supply, cosmetics, dietary supplements, products that give off electronic radiation, and for regulating tobacco products. SOURCE U.S. Food and Drug Administration Related Links http://www.fda.gov |
edtsum534 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK--(BUSINESS WIRE)--Goldman Sachs MLP and Energy Renaissance Fund (the Fund) (NYSE: GER) is announcing its quarterly distribution of $0.155 per common share. The distribution is payable on the date noted below. The distribution schedule is as follows: Ex-Date: February 19, 2021 Record Date: February 22, 2021 Payable Date: February 26, 2021 Amount: $0.155 per share It is currently anticipated that a portion of this distribution will be treated for tax purposes as a return of capital, however, the final characterization of such distribution will be made in early 2022 when the Fund can determine its earnings and profits for the full year. The final tax status of the distribution may differ substantially from this preliminary information. In addition, portfolio holdings as of December 31, 2020, as well as additional information regarding the Fund, can be accessed through the GSAM Closed-End Fund landing page at www.GSAMFUNDS.com/cef. Goldman Sachs MLP and Energy Renaissance Fund Goldman Sachs MLP and Energy Renaissance Fund is a non-diversified, closed-end management investment company managed by Goldman Sachs Asset Managements (GSAMs) Energy & Infrastructure Team, which is among the industrys largest MLP investment groups. The Fund began trading on the NYSE on September 26, 2014. The reorganization of the Goldman Sachs MLP Income Opportunities Fund with and into the Fund was completed on September 28, 2020. The investment objective, strategies and restrictions of the Fund remain unchanged. The Fund seeks a high level of total return with an emphasis on current distributions to shareholders. The Fund invests primarily in master limited partnerships (MLPs) and other energy investments. The Fund currently expects to concentrate its investments in the energy sector, with an emphasis on midstream MLP investments. The Fund invests across the energy value chain, including upstream, midstream and downstream investments. About Goldman Sachs Asset Management, L.P. GSAM is the asset management arm of The Goldman Sachs Group, Inc. (NYSE: GS) and supervises $1.95 trillion as of December 31, 2020.1 GSAM has been providing discretionary investment advisory services since 1988 and has investment professionals in all major financial centers around the world. The company offers investment strategies across a broad range of asset classes to institutional and individual clients globally. Founded in 1869, Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Disclosures Shares of closed-end investment companies frequently trade at a discount from their net asset value (NAV), which may increase investors risk of loss. At the time of sale, an investors shares may have a market price that is above or below NAV, and may be worth more or less than the original investment. There is no assurance that the Fund will meet its investment objective. Past performance does not guarantee future results. Investments in securities of MLPs involve risks that differ from investments in common stock, including among others risks related to limited control and limited rights to vote on matters affecting MLPs, potential conflicts of interest risk, cash flow risks, dilution risks and trading risks. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any security. The Fund has completed its initial public offering. Investors should consider their investment goals, time horizons and risk tolerance before investing in the Fund. An investment in the Fund is not appropriate for all investors, and the Fund is not intended to be a complete investment program. Investors should carefully review and consider the Funds investment objective, risks, charges and expenses before investing. 1 Assets Under Supervision (AUS) includes assets under management and other client assets for which Goldman Sachs does not have full discretion. Compliance Code: 230424-OTU Date of First Use: February 12, 2021
Answer: | Goldman Sachs MLP and Energy Renaissance Fund Announces Quarterly Distribution of $0.155 Per Share | NEW YORK--(BUSINESS WIRE)--Goldman Sachs MLP and Energy Renaissance Fund (the Fund) (NYSE: GER) is announcing its quarterly distribution of $0.155 per common share. The distribution is payable on the date noted below. The distribution schedule is as follows: Ex-Date: February 19, 2021 Record Date: February 22, 2021 Payable Date: February 26, 2021 Amount: $0.155 per share It is currently anticipated that a portion of this distribution will be treated for tax purposes as a return of capital, however, the final characterization of such distribution will be made in early 2022 when the Fund can determine its earnings and profits for the full year. The final tax status of the distribution may differ substantially from this preliminary information. In addition, portfolio holdings as of December 31, 2020, as well as additional information regarding the Fund, can be accessed through the GSAM Closed-End Fund landing page at www.GSAMFUNDS.com/cef. Goldman Sachs MLP and Energy Renaissance Fund Goldman Sachs MLP and Energy Renaissance Fund is a non-diversified, closed-end management investment company managed by Goldman Sachs Asset Managements (GSAMs) Energy & Infrastructure Team, which is among the industrys largest MLP investment groups. The Fund began trading on the NYSE on September 26, 2014. The reorganization of the Goldman Sachs MLP Income Opportunities Fund with and into the Fund was completed on September 28, 2020. The investment objective, strategies and restrictions of the Fund remain unchanged. The Fund seeks a high level of total return with an emphasis on current distributions to shareholders. The Fund invests primarily in master limited partnerships (MLPs) and other energy investments. The Fund currently expects to concentrate its investments in the energy sector, with an emphasis on midstream MLP investments. The Fund invests across the energy value chain, including upstream, midstream and downstream investments. About Goldman Sachs Asset Management, L.P. GSAM is the asset management arm of The Goldman Sachs Group, Inc. (NYSE: GS) and supervises $1.95 trillion as of December 31, 2020.1 GSAM has been providing discretionary investment advisory services since 1988 and has investment professionals in all major financial centers around the world. The company offers investment strategies across a broad range of asset classes to institutional and individual clients globally. Founded in 1869, Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Disclosures Shares of closed-end investment companies frequently trade at a discount from their net asset value (NAV), which may increase investors risk of loss. At the time of sale, an investors shares may have a market price that is above or below NAV, and may be worth more or less than the original investment. There is no assurance that the Fund will meet its investment objective. Past performance does not guarantee future results. Investments in securities of MLPs involve risks that differ from investments in common stock, including among others risks related to limited control and limited rights to vote on matters affecting MLPs, potential conflicts of interest risk, cash flow risks, dilution risks and trading risks. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any security. The Fund has completed its initial public offering. Investors should consider their investment goals, time horizons and risk tolerance before investing in the Fund. An investment in the Fund is not appropriate for all investors, and the Fund is not intended to be a complete investment program. Investors should carefully review and consider the Funds investment objective, risks, charges and expenses before investing. 1 Assets Under Supervision (AUS) includes assets under management and other client assets for which Goldman Sachs does not have full discretion. Compliance Code: 230424-OTU Date of First Use: February 12, 2021 |
edtsum535 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: BOSTON--(BUSINESS WIRE)--Black Friday deals researchers have summarized all the top Ray-Ban deals for Black Friday & Cyber Monday 2020, featuring the top deals on Ray-Ban sunglasses, frames and more. Find the best deals by clicking the links below. Best Ray-Ban Deals: Best Sunglasses Deals: Interested in more deals? Click here to see the full selection of deals at Walmarts Black Friday & Cyber Monday sale and click here to see Amazons current Black Friday & Cyber Monday deals. Deal Stripe earns commissions from purchases made using the links provided. About Deal Stripe: Deal Stripe shares e-commerce and sales news. As an Amazon Associate and affiliate Deal Stripe earns from qualifying purchases.
Answer: | Ray-Ban Black Friday & Cyber Monday Deals (2020) Revealed by Deal Stripe Find all the top Ray-Ban deals for Black Friday & Cyber Monday 2020, featuring savings on mens and womens eyewear, frames and accessories | BOSTON--(BUSINESS WIRE)--Black Friday deals researchers have summarized all the top Ray-Ban deals for Black Friday & Cyber Monday 2020, featuring the top deals on Ray-Ban sunglasses, frames and more. Find the best deals by clicking the links below. Best Ray-Ban Deals: Best Sunglasses Deals: Interested in more deals? Click here to see the full selection of deals at Walmarts Black Friday & Cyber Monday sale and click here to see Amazons current Black Friday & Cyber Monday deals. Deal Stripe earns commissions from purchases made using the links provided. About Deal Stripe: Deal Stripe shares e-commerce and sales news. As an Amazon Associate and affiliate Deal Stripe earns from qualifying purchases. |
edtsum536 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: HARTFORD, Conn., Nov. 4, 2020 /PRNewswire/ --Virtus Global Multi-Sector Income Fund(NYSE: VGI) previouslyannounced the following monthly distribution on August 28, 2020: Amount of Distribution Ex-Date Record Date Payable Date $0.10 November 10, 2020 November 12, 2020 November 19, 2020 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full from net investment income and realized capital gains, or a combination thereof. Shareholders should note, however, that if the Fund's aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund's assets and will constitute a return of the shareholder's capital. You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Managed Distribution Plan. The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'. The Fund provided this estimate of the sources of the distributions: Distribution Estimates October 2020 (MTD) Fiscal Year-to-Date (YTD)(1) (Sources) Per ShareAmount Percentage of Current Distribution Per Share Amount Percentageof Current Distribution Net Investment Income $ 0.046 46.1% $ 0.508 40.4% Net Realized Short-Term Capital Gains - 0.0% - 0.0% Net Realized Long-Term Capital Gains - 0.0% - 0.0% Return of Capital (or other Capital Source) 0.054 53.9% 0.748 59.6% Total Distribution $ 0.100 100.0% $ 1.256 100.0% (1) Fiscal year started December 1, 2019. Information regarding the Fund's performance and distribution rates is set forth below. Please note that all performance figures are based on the Fund's NAV and not the market price of the Fund's shares. Performance figures are not meant to represent individual shareholder performance. October 30, 2020 Average Annual Total Return on NAV for the 5-year period(2) 5.43% Current Fiscal YTD Annualized Distribution Rate(3) 9.89% Fiscal YTD Cumulative Total Return on NAV (4) 3.19% Fiscal YTD Cumulative Distribution Rate (5) 10.35% (2) Average Annual Total Return on NAV is the annual compound return for the five-year period. It reflects the change in the Fund's NAV And reinvestment of all distributions. (3) Current Fiscal YTD Annualized Distribution Rate is the current distribution rate annualized as a percentage of the Fund's NAV at month end. (4) Fiscal YTD Cumulative Total Return on NAV is the percentage change in the Fund's NAV from the first day of the fiscal year to this month end, including distributions paid and assuming reinvestment of those distributions. (5) Fiscal YTD Cumulative Distribution Rate is the dollar value of distributions from the first day of the fiscal year to this month end as a percentage of the Fund's NAV at month end. The amounts and sources of distributions reported in this notice are estimates only and are not being provided for tax reporting purposes. The actual amounts and sources of the distributions for tax purposes will depend on the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you what distributions to report for federal income tax purposes. Aboutthe FundVirtus Global Multi-Sector Income Fundis a diversified closed-end fund that seeks to maximize current income while preserving capital by investing in broadly diversified holdings across the major domestic and international fixed-income sectors.Virtus Investment Advisers, Inc. is the investment adviser to the Fund and Newfleet Asset Management, LLC is its subadviser. For more information on the Fund, contact shareholder services at (866) 270-7788, by email at [emailprotected], or through the Closed-End Funds section of www.virtus.com. Fund RisksAn investment in a fund is subject to risk, including the risk of possible loss of principal. A fund's shares may be worth less upon their sale than what an investor paid for them. Shares of closed-end funds may trade at a premium or discount to their net asset value. For more information about each Fund's investment objective and risks, please see the Fund's annual report. A copy of the Fund's most recent annual report may be obtained free of charge by contacting "Shareholder Services" as set forth at the end of this press release. AboutNewfleetAssetManagementNewfleet Asset Management, an affiliated manager of Virtus Investment Partners, provides comprehensive fixed income portfolio management in multiple strategies. The Newfleet Multi-Sector Strategies team that manages the Virtus Global Multi-Sector Income Fund leverages the knowledge and skill of investment professionals with expertise in every sector of the bond market, including evolving, specialized, and out-of-favor sectors. The team employs active sector rotation and disciplined risk management to portfolio construction, avoiding interest rate bets and remaining duration neutral to each strategy's stated benchmark. For more information, visit www.newfleet.com. About Virtus Investment PartnersVirtusInvestmentPartners(NASDAQ:VRTS)isadistinctivepartnershipofboutiqueinvestmentmanagerssingularlycommittedtothelong-termsuccessofindividualandinstitutionalinvestors.The company provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process, and individual brand. For moreinformation,visitwww.virtus.com. SOURCE Virtus Global Multi-Sector Income Fund
Answer: | Virtus Global Multi-Sector Income Fund Discloses Sources of Distribution - Section 19(a) Notice | HARTFORD, Conn., Nov. 4, 2020 /PRNewswire/ --Virtus Global Multi-Sector Income Fund(NYSE: VGI) previouslyannounced the following monthly distribution on August 28, 2020: Amount of Distribution Ex-Date Record Date Payable Date $0.10 November 10, 2020 November 12, 2020 November 19, 2020 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full from net investment income and realized capital gains, or a combination thereof. Shareholders should note, however, that if the Fund's aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund's assets and will constitute a return of the shareholder's capital. You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Managed Distribution Plan. The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'. The Fund provided this estimate of the sources of the distributions: Distribution Estimates October 2020 (MTD) Fiscal Year-to-Date (YTD)(1) (Sources) Per ShareAmount Percentage of Current Distribution Per Share Amount Percentageof Current Distribution Net Investment Income $ 0.046 46.1% $ 0.508 40.4% Net Realized Short-Term Capital Gains - 0.0% - 0.0% Net Realized Long-Term Capital Gains - 0.0% - 0.0% Return of Capital (or other Capital Source) 0.054 53.9% 0.748 59.6% Total Distribution $ 0.100 100.0% $ 1.256 100.0% (1) Fiscal year started December 1, 2019. Information regarding the Fund's performance and distribution rates is set forth below. Please note that all performance figures are based on the Fund's NAV and not the market price of the Fund's shares. Performance figures are not meant to represent individual shareholder performance. October 30, 2020 Average Annual Total Return on NAV for the 5-year period(2) 5.43% Current Fiscal YTD Annualized Distribution Rate(3) 9.89% Fiscal YTD Cumulative Total Return on NAV (4) 3.19% Fiscal YTD Cumulative Distribution Rate (5) 10.35% (2) Average Annual Total Return on NAV is the annual compound return for the five-year period. It reflects the change in the Fund's NAV And reinvestment of all distributions. (3) Current Fiscal YTD Annualized Distribution Rate is the current distribution rate annualized as a percentage of the Fund's NAV at month end. (4) Fiscal YTD Cumulative Total Return on NAV is the percentage change in the Fund's NAV from the first day of the fiscal year to this month end, including distributions paid and assuming reinvestment of those distributions. (5) Fiscal YTD Cumulative Distribution Rate is the dollar value of distributions from the first day of the fiscal year to this month end as a percentage of the Fund's NAV at month end. The amounts and sources of distributions reported in this notice are estimates only and are not being provided for tax reporting purposes. The actual amounts and sources of the distributions for tax purposes will depend on the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you what distributions to report for federal income tax purposes. Aboutthe FundVirtus Global Multi-Sector Income Fundis a diversified closed-end fund that seeks to maximize current income while preserving capital by investing in broadly diversified holdings across the major domestic and international fixed-income sectors.Virtus Investment Advisers, Inc. is the investment adviser to the Fund and Newfleet Asset Management, LLC is its subadviser. For more information on the Fund, contact shareholder services at (866) 270-7788, by email at [emailprotected], or through the Closed-End Funds section of www.virtus.com. Fund RisksAn investment in a fund is subject to risk, including the risk of possible loss of principal. A fund's shares may be worth less upon their sale than what an investor paid for them. Shares of closed-end funds may trade at a premium or discount to their net asset value. For more information about each Fund's investment objective and risks, please see the Fund's annual report. A copy of the Fund's most recent annual report may be obtained free of charge by contacting "Shareholder Services" as set forth at the end of this press release. AboutNewfleetAssetManagementNewfleet Asset Management, an affiliated manager of Virtus Investment Partners, provides comprehensive fixed income portfolio management in multiple strategies. The Newfleet Multi-Sector Strategies team that manages the Virtus Global Multi-Sector Income Fund leverages the knowledge and skill of investment professionals with expertise in every sector of the bond market, including evolving, specialized, and out-of-favor sectors. The team employs active sector rotation and disciplined risk management to portfolio construction, avoiding interest rate bets and remaining duration neutral to each strategy's stated benchmark. For more information, visit www.newfleet.com. About Virtus Investment PartnersVirtusInvestmentPartners(NASDAQ:VRTS)isadistinctivepartnershipofboutiqueinvestmentmanagerssingularlycommittedtothelong-termsuccessofindividualandinstitutionalinvestors.The company provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process, and individual brand. For moreinformation,visitwww.virtus.com. SOURCE Virtus Global Multi-Sector Income Fund |
edtsum537 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: LONDON--(BUSINESS WIRE)-- FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the Code) 1. KEY INFORMATION 03 December 2020 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) (1) 3,772,008 2.60% 46,226 0.03% (2) 41,072 0.03% 2,621,175 1.81% (3) 0 0.00% 0 0.00% 3,813,080 2.63% 2,667,401 1.84% All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales 20p ordinary Purchase 750 3.4300 GBP 20p ordinary Purchase 3,325 3.4395 GBP 20p ordinary Purchase 4,559 3.4345 GBP 20p ordinary Purchase 4,738 3.4326 GBP 20p ordinary Purchase 16,915 3.4425 GBP 20p ordinary Purchase 25,860 3.4383 GBP 20p ordinary Sale 12 3.4341 GBP 20p ordinary Sale 1,089 3.4300 GBP 20p ordinary Sale 1,109 3.4364 GBP (b) Cash-settled derivative transactions Class of Product Nature of dealing Number of Price per relevant description reference unit security securities 20p ordinary SWAP Long 8 3.4312 GBP 20p ordinary SWAP Long 958 3.4300 GBP 20p ordinary SWAP Long 1,244 3.4357 GBP 20p ordinary SWAP Short 3,439 3.4373 GBP 20p ordinary SWAP Short 4,559 3.4352 GBP 20p ordinary SWAP Short 12,930 3.4381 GBP 20p ordinary SWAP Short 12,930 3.4385 GBP 20p ordinary SWAP Short 16,801 3.4430 GBP (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit (ii) Exercise Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable) 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state none None (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state none None (c) Attachments NO 4 Dec 2020 Large Holdings Regulatory Operations 020 3134 7213 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. The Panels Market Surveillance Unit is available for consultation in relation to the Codes disclosure requirements on +44 (0)20 7638 0129. *If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panels Market Surveillance Unit. The Code can be viewed on the Panels website at www.thetakeoverpanel.org.uk.
Answer: | FORM 8.3 - URBAN & CIVIC PLC | LONDON--(BUSINESS WIRE)-- FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the Code) 1. KEY INFORMATION 03 December 2020 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) (1) 3,772,008 2.60% 46,226 0.03% (2) 41,072 0.03% 2,621,175 1.81% (3) 0 0.00% 0 0.00% 3,813,080 2.63% 2,667,401 1.84% All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales 20p ordinary Purchase 750 3.4300 GBP 20p ordinary Purchase 3,325 3.4395 GBP 20p ordinary Purchase 4,559 3.4345 GBP 20p ordinary Purchase 4,738 3.4326 GBP 20p ordinary Purchase 16,915 3.4425 GBP 20p ordinary Purchase 25,860 3.4383 GBP 20p ordinary Sale 12 3.4341 GBP 20p ordinary Sale 1,089 3.4300 GBP 20p ordinary Sale 1,109 3.4364 GBP (b) Cash-settled derivative transactions Class of Product Nature of dealing Number of Price per relevant description reference unit security securities 20p ordinary SWAP Long 8 3.4312 GBP 20p ordinary SWAP Long 958 3.4300 GBP 20p ordinary SWAP Long 1,244 3.4357 GBP 20p ordinary SWAP Short 3,439 3.4373 GBP 20p ordinary SWAP Short 4,559 3.4352 GBP 20p ordinary SWAP Short 12,930 3.4381 GBP 20p ordinary SWAP Short 12,930 3.4385 GBP 20p ordinary SWAP Short 16,801 3.4430 GBP (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit (ii) Exercise Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable) 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state none None (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state none None (c) Attachments NO 4 Dec 2020 Large Holdings Regulatory Operations 020 3134 7213 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. The Panels Market Surveillance Unit is available for consultation in relation to the Codes disclosure requirements on +44 (0)20 7638 0129. *If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panels Market Surveillance Unit. The Code can be viewed on the Panels website at www.thetakeoverpanel.org.uk. |
edtsum538 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: TORONTO--(BUSINESS WIRE)--DREAM IMPACT TRUST (TSX: MPCT.UN) (Dream MPCT or the Trust) today announced its April 2021 monthly distribution in the amount of 3.333 cents per Unit (40 cents annualized). The April distribution will be payable on May 14, 2021 to unitholders of record as at April 30, 2021. Dream Impact is an open-ended trust dedicated to impact investing. Impact investing is the intention of creating measurable positive, social and environmental change in our communities and for our stakeholders, while generating attractive market returns. Dream Impact's underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and recurring income, that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of the Trust are to create positive and lasting impacts for our stakeholders through our three impact verticals: attainable and affordable housing, inclusive communities, and resource efficiency; balance growth and stability of the portfolio, increasing cash flow, unitholders' equity and NAV over time; leverage access to an experienced management team and strong partnerships in order to generate attractive returns for investors; provide investors with a portfolio of high-quality real estate development opportunities, concentrated in core geographic markets; and to provide predictable cash distributions to unitholders on a tax-efficient basis. For more information, please visit: www.dreamimpacttrust.ca.
Answer: | Dream Impact Trust Announces April 2021 Monthly Distribution | TORONTO--(BUSINESS WIRE)--DREAM IMPACT TRUST (TSX: MPCT.UN) (Dream MPCT or the Trust) today announced its April 2021 monthly distribution in the amount of 3.333 cents per Unit (40 cents annualized). The April distribution will be payable on May 14, 2021 to unitholders of record as at April 30, 2021. Dream Impact is an open-ended trust dedicated to impact investing. Impact investing is the intention of creating measurable positive, social and environmental change in our communities and for our stakeholders, while generating attractive market returns. Dream Impact's underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and recurring income, that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of the Trust are to create positive and lasting impacts for our stakeholders through our three impact verticals: attainable and affordable housing, inclusive communities, and resource efficiency; balance growth and stability of the portfolio, increasing cash flow, unitholders' equity and NAV over time; leverage access to an experienced management team and strong partnerships in order to generate attractive returns for investors; provide investors with a portfolio of high-quality real estate development opportunities, concentrated in core geographic markets; and to provide predictable cash distributions to unitholders on a tax-efficient basis. For more information, please visit: www.dreamimpacttrust.ca. |
edtsum539 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, Dec. 14, 2020 /PRNewswire/ --The majority of Israeli owners of restaurants in New York State do not believe their businesses can survive Covid-19 without being able to offer patrons an indoor dining option, according to the findings of a study released today by the New York - Israel Business Alliance. The study offers a snapshot of the challenges confronting the restaurant industry during the pandemic and the measures adopted to overcome them. "New York's restaurant industry stands at the forefront of a vexing, high-stakes public policy decision that, in many cases, pits economic livelihood against physical health," said NYIBA president Aaron Kaplowitz. "Based on the study's findings, Israeli restaurant owners are by no means immune to the difficulties posed by the pandemic and, nevertheless, remain confident that they will make it through these trying times." According to the results,77% of Israeli restaurant owners believe that they need to offer indoor dining in order to remain financially viable. Even so, with cold weather limiting outdoor seating options, 93% of the restaurateurs remain confident that their businesses will survive the pandemic. Almost two-thirds of the restaurant owners feel that the government has been helpful during this ordeal, and respondents are evenly split on whether the government has clearly communicated standards and regulations. Even with 93% of Israeli restaurants receiving federal loans through the Paycheck Protection Program, primarily intended for entities to retain employees, at least 70% of the establishments have been forced to downsize staff during the pandemic. A number of owners specified the need for a second PPP loan or other form of government stimulus. Half of the respondents claim that another government stimulus would be most helpful to restaurants at this time, while 35% cited the return of in-person office work or tourists as the most beneficial boost. "The feedback we're receiving from an industry that must squeeze a profit out of tight margins is that it needs more help," Kaplowitz said. "There are other factors, of course, that are contributing to the economic hardships, such as reduced foot traffic and an inability to attract new customers." A majority of the owners have adopted new technology solutions to help their businesses stay afloat, such as updating online order and delivery systems. "Israeli business owners across all industries have shown a willingness to adapt and innovate," Kaplowitz said. "I think that part of the reason Israelis are drawn to New York and New Yorkers are drawn to Israel is that both business cultures address challenges head-on and require resilience in order to succeed." From October 19 through December 9, 2020, NYIBA distributed a questionnaire to 100 Israeli owners of restaurants in New York State. The data presented in the findings is based on the 30 owners who responded. Throughout its research, NYIBA used publicly available information and individual outreach to identify and verify that there are 173 Israeli-owned restaurants in the state today. About the New York Israel Business Alliance The mission of the New York Israel Business Alliance is to create economic opportunities between New York State and Israel. Guided by data, NYIBA monitors economic development activity and trends in the public and private sectors to identify bilateral business growth potential. NYIBA hosts information seminars, organizes trade missions, and provides its members with funding notifications and investment opportunities nationwide. Learn more at www.nyisrael.org. Contact:Aaron Kaplowitz [emailprotected] SOURCE New York - Israel Business Alliance Related Links https://nyisrael.org
Answer: | New York - Israel Business Alliance Study: 77% of Israeli Restaurant Owners in NYS Believe Their Establishments Cannot Survive Without Indoor Dining, Majority Report Government Has Been Helpful During Pandemic USA - English USA - English Despite wide-ranging challenges, 93% of owners maintain that their restaurants will survive Covid-19 | NEW YORK, Dec. 14, 2020 /PRNewswire/ --The majority of Israeli owners of restaurants in New York State do not believe their businesses can survive Covid-19 without being able to offer patrons an indoor dining option, according to the findings of a study released today by the New York - Israel Business Alliance. The study offers a snapshot of the challenges confronting the restaurant industry during the pandemic and the measures adopted to overcome them. "New York's restaurant industry stands at the forefront of a vexing, high-stakes public policy decision that, in many cases, pits economic livelihood against physical health," said NYIBA president Aaron Kaplowitz. "Based on the study's findings, Israeli restaurant owners are by no means immune to the difficulties posed by the pandemic and, nevertheless, remain confident that they will make it through these trying times." According to the results,77% of Israeli restaurant owners believe that they need to offer indoor dining in order to remain financially viable. Even so, with cold weather limiting outdoor seating options, 93% of the restaurateurs remain confident that their businesses will survive the pandemic. Almost two-thirds of the restaurant owners feel that the government has been helpful during this ordeal, and respondents are evenly split on whether the government has clearly communicated standards and regulations. Even with 93% of Israeli restaurants receiving federal loans through the Paycheck Protection Program, primarily intended for entities to retain employees, at least 70% of the establishments have been forced to downsize staff during the pandemic. A number of owners specified the need for a second PPP loan or other form of government stimulus. Half of the respondents claim that another government stimulus would be most helpful to restaurants at this time, while 35% cited the return of in-person office work or tourists as the most beneficial boost. "The feedback we're receiving from an industry that must squeeze a profit out of tight margins is that it needs more help," Kaplowitz said. "There are other factors, of course, that are contributing to the economic hardships, such as reduced foot traffic and an inability to attract new customers." A majority of the owners have adopted new technology solutions to help their businesses stay afloat, such as updating online order and delivery systems. "Israeli business owners across all industries have shown a willingness to adapt and innovate," Kaplowitz said. "I think that part of the reason Israelis are drawn to New York and New Yorkers are drawn to Israel is that both business cultures address challenges head-on and require resilience in order to succeed." From October 19 through December 9, 2020, NYIBA distributed a questionnaire to 100 Israeli owners of restaurants in New York State. The data presented in the findings is based on the 30 owners who responded. Throughout its research, NYIBA used publicly available information and individual outreach to identify and verify that there are 173 Israeli-owned restaurants in the state today. About the New York Israel Business Alliance The mission of the New York Israel Business Alliance is to create economic opportunities between New York State and Israel. Guided by data, NYIBA monitors economic development activity and trends in the public and private sectors to identify bilateral business growth potential. NYIBA hosts information seminars, organizes trade missions, and provides its members with funding notifications and investment opportunities nationwide. Learn more at www.nyisrael.org. Contact:Aaron Kaplowitz [emailprotected] SOURCE New York - Israel Business Alliance Related Links https://nyisrael.org |
edtsum540 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: DUBLIN, Nov. 11, 2020 /PRNewswire/ -- The "Medical Image Management Market by Product {PACS [Departmental (Radiology, Mammography, Cardiology), Enterprise], VNA [(On-premise, Hybrid), [Vendor (PACS, Independent Software, Infrastructure)], AICA, Universal Viewer} and End User - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering. The medical image management market is expected to grow at a CAGR of 7.2% from 2020 to 2027 to reach $5.76 billion by 2027The medical image management market study presents historical market data in terms of value (2018 and 2019), estimated current data (2020), and forecasts for 2027- by product, end user, and geography. The study also evaluates industry competitors and analyzes the market at a regional and country level.The factors such as growing investments in the medical imaging market, technological advancements in diagnostic imaging modalities, rising geriatric imaging volumes, growing demand for advanced imaging equipment, rapidly growing big data in healthcare, and growing healthcare IT and EHR adoption are majorly driving the growth of the overall medical image management market.Also, integration of PACS/VNA with EMR, untapped emerging markets, penetration of artificial intelligence in medical imaging, rapidly growing field of telehealth, and hybrid-cloud-based solutions represent high-growth opportunities for the players operating in this market. However, the factors such as longer product lifecycle of VNAs and budgetary constraints restrict the growth of this market.Based on product type, Picture Archive Communication System (PACS) is estimated to command the largest share of the overall medical image management market in 2020. However, the vendor neutral archive segment is expected to grow at the highest CAGR during the forecast period, owing to its greater security, control over images, and lower latency than cloud storage.Based on end user, the hospitals segment is estimated to account for the largest share of the overall medical image management market in 2020, due to the factors such as increasing hospital expenditures for advanced management products, rising number of emergency admissions, and growing need to improve overall value-based care.An in-depth analysis of the geographic scenario of the medical image management market provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) along with the coverage of major countries in each region. North America is estimated to command the largest share of the global medical image management market in 2020, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. However, Asia Pacific region is expected to grow at the fastest CAGR during the forecast period. The factors driving the growth of the Asia Pacific medical image management market are rising investment in the healthcare sector, improving healthcare infrastructure, increased adoption of medical imaging devices, adoption of new technology into the healthcare industry, and developments made for adoption of AI and telehealth services.Key Topics Covered: 1.Introduction2. Research Methodology3. Executive Summary4. Market Insights4.1. Introduction4.2. Drivers4.2.1. Growing Investments in the Medical Imaging Market4.2.2. Technological Advancements in Diagnostic Imaging Modalities4.2.3. Rising Geriatric Population4.2.4. Growing Demand for Imaging Equipment4.2.5. Rapidly Growing Big Data in Healthcare4.2.6. Growing Healthcare IT and EHR Adoption4.3. Restraints4.3.1. Longer Product Lifecycle of VNAs4.3.2. Budgetary Constraints4.4. Opportunities4.4.1. Integration of PACS/VNA with EMR4.4.2. Untapped Emerging Markets4.4.3. Penetration of AI in Medical Imaging4.4.4. Adoption of Hybrid & Cloud-Based Solutions4.4.5. Rapidly Growing Telehealth Market4.5. Challenges4.5.1. Data Migration4.5.2. Lack of Interoperability4.6. Impact Assessment of Covid-195. Medical Image Management Market, by Product5.1. Introduction5.2. Picture Archive Communication System (PACS)5.2.1. PACS Market, by Type5.2.1.1. Departmental PACS5.2.1.1.1. Radiology PACS5.2.1.1.1.1. Traditional Mammography PACS5.2.1.1.1.2. Vendor Neutral Mammography PACS5.2.1.1.1.3. Other Radiology PACS5.2.1.1.2. Cardiology PACS5.2.1.1.3. Other Departmental PACS5.2.1.2. Enterprise PACS5.2.2. PACS Market, by Delivery Model5.2.2.1. On-Premise PACS5.2.2.2. Web/Cloud Based PACS5.3. Vendor Neutral Archive (VNA)5.3.1. VNA Market, by Delivery Model5.3.1.1. On-Premise VNA5.3.1.2. Hybrid VNA5.3.1.3. Web/Cloud-Based VNA5.3.2. VNA Market, by Procurement Model5.3.2.1. Enterprise VNA5.3.2.1.1. Multi-Departmental VNA5.3.2.1.2. Multi-Site VNA5.3.2.2. Departmental VNA5.3.3. VNA Market, by Vendor Type5.3.3.1. Independent Software Vendors5.3.3.2. PACS Vendors5.3.3.3. Infrastructure Vendors5.4. Application-Independent Clinical Archives (AICA)5.4.1. AICA Market, by Vendor Type5.4.1.1. VNA Vendors5.4.1.2. Native AICA Vendors5.5. Enterprise Viewer/Universal Viewer6. Medical Management Market, by End User6.1. Introduction6.2. Hospitals6.3. Diagnostic Imaging Centers6.4. Other End Users7. Medical Image Management Market, by Geography8. Competitive Landscape8.1. Introduction8.2. Key Growth Strategies8.3. Competitive Benchmarking8.3.1. Competitive Benchmarking, by Product8.4. Market Share Analysis (2019)8.4.1. Market Share Analysis: Picture Archiving Communication Systems (PACS) Industry8.4.1.1. GE Company8.4.1.2. Koninklijke Philips N.V.8.4.1.3. Fujifilm Holdings Corporation8.4.2. Market Share Analysis: Vendor Neutral Archive Industry8.4.2.1. IBM Corporation8.4.2.2. GE Company8.4.2.3. Fujifilm Holdings Corporation9. Company Profiles (Business Overview, Product Portfolio, Financial Overview, Strategic Developments)9.1. Novarad Corporation9.2. Koninklijke Philips N.V.9.3. INFINITT Healthcare Co., Ltd.9.4. Siemens Healthineers AG9.5. Hyland Software, Inc.9.6. Agfa-Gevaert Group9.7. General Electric Company9.8. Mach7 Technologies9.9. BridgeHead Software, Ltd.9.10. Fujifilm Holdings Corporation9.11. IBM Corporation9.12. Sectra AB9.13. Change Healthcare, Inc. For more information about this report visit https://www.researchandmarkets.com/r/e0st56 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com
Answer: | Global Medical Image Management Market Report 2020-2027: Integration of PACS/VNA with EMR / Penetration of AI / Adoption of Hybrid & Cloud-Based Solutions | DUBLIN, Nov. 11, 2020 /PRNewswire/ -- The "Medical Image Management Market by Product {PACS [Departmental (Radiology, Mammography, Cardiology), Enterprise], VNA [(On-premise, Hybrid), [Vendor (PACS, Independent Software, Infrastructure)], AICA, Universal Viewer} and End User - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering. The medical image management market is expected to grow at a CAGR of 7.2% from 2020 to 2027 to reach $5.76 billion by 2027The medical image management market study presents historical market data in terms of value (2018 and 2019), estimated current data (2020), and forecasts for 2027- by product, end user, and geography. The study also evaluates industry competitors and analyzes the market at a regional and country level.The factors such as growing investments in the medical imaging market, technological advancements in diagnostic imaging modalities, rising geriatric imaging volumes, growing demand for advanced imaging equipment, rapidly growing big data in healthcare, and growing healthcare IT and EHR adoption are majorly driving the growth of the overall medical image management market.Also, integration of PACS/VNA with EMR, untapped emerging markets, penetration of artificial intelligence in medical imaging, rapidly growing field of telehealth, and hybrid-cloud-based solutions represent high-growth opportunities for the players operating in this market. However, the factors such as longer product lifecycle of VNAs and budgetary constraints restrict the growth of this market.Based on product type, Picture Archive Communication System (PACS) is estimated to command the largest share of the overall medical image management market in 2020. However, the vendor neutral archive segment is expected to grow at the highest CAGR during the forecast period, owing to its greater security, control over images, and lower latency than cloud storage.Based on end user, the hospitals segment is estimated to account for the largest share of the overall medical image management market in 2020, due to the factors such as increasing hospital expenditures for advanced management products, rising number of emergency admissions, and growing need to improve overall value-based care.An in-depth analysis of the geographic scenario of the medical image management market provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) along with the coverage of major countries in each region. North America is estimated to command the largest share of the global medical image management market in 2020, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. However, Asia Pacific region is expected to grow at the fastest CAGR during the forecast period. The factors driving the growth of the Asia Pacific medical image management market are rising investment in the healthcare sector, improving healthcare infrastructure, increased adoption of medical imaging devices, adoption of new technology into the healthcare industry, and developments made for adoption of AI and telehealth services.Key Topics Covered: 1.Introduction2. Research Methodology3. Executive Summary4. Market Insights4.1. Introduction4.2. Drivers4.2.1. Growing Investments in the Medical Imaging Market4.2.2. Technological Advancements in Diagnostic Imaging Modalities4.2.3. Rising Geriatric Population4.2.4. Growing Demand for Imaging Equipment4.2.5. Rapidly Growing Big Data in Healthcare4.2.6. Growing Healthcare IT and EHR Adoption4.3. Restraints4.3.1. Longer Product Lifecycle of VNAs4.3.2. Budgetary Constraints4.4. Opportunities4.4.1. Integration of PACS/VNA with EMR4.4.2. Untapped Emerging Markets4.4.3. Penetration of AI in Medical Imaging4.4.4. Adoption of Hybrid & Cloud-Based Solutions4.4.5. Rapidly Growing Telehealth Market4.5. Challenges4.5.1. Data Migration4.5.2. Lack of Interoperability4.6. Impact Assessment of Covid-195. Medical Image Management Market, by Product5.1. Introduction5.2. Picture Archive Communication System (PACS)5.2.1. PACS Market, by Type5.2.1.1. Departmental PACS5.2.1.1.1. Radiology PACS5.2.1.1.1.1. Traditional Mammography PACS5.2.1.1.1.2. Vendor Neutral Mammography PACS5.2.1.1.1.3. Other Radiology PACS5.2.1.1.2. Cardiology PACS5.2.1.1.3. Other Departmental PACS5.2.1.2. Enterprise PACS5.2.2. PACS Market, by Delivery Model5.2.2.1. On-Premise PACS5.2.2.2. Web/Cloud Based PACS5.3. Vendor Neutral Archive (VNA)5.3.1. VNA Market, by Delivery Model5.3.1.1. On-Premise VNA5.3.1.2. Hybrid VNA5.3.1.3. Web/Cloud-Based VNA5.3.2. VNA Market, by Procurement Model5.3.2.1. Enterprise VNA5.3.2.1.1. Multi-Departmental VNA5.3.2.1.2. Multi-Site VNA5.3.2.2. Departmental VNA5.3.3. VNA Market, by Vendor Type5.3.3.1. Independent Software Vendors5.3.3.2. PACS Vendors5.3.3.3. Infrastructure Vendors5.4. Application-Independent Clinical Archives (AICA)5.4.1. AICA Market, by Vendor Type5.4.1.1. VNA Vendors5.4.1.2. Native AICA Vendors5.5. Enterprise Viewer/Universal Viewer6. Medical Management Market, by End User6.1. Introduction6.2. Hospitals6.3. Diagnostic Imaging Centers6.4. Other End Users7. Medical Image Management Market, by Geography8. Competitive Landscape8.1. Introduction8.2. Key Growth Strategies8.3. Competitive Benchmarking8.3.1. Competitive Benchmarking, by Product8.4. Market Share Analysis (2019)8.4.1. Market Share Analysis: Picture Archiving Communication Systems (PACS) Industry8.4.1.1. GE Company8.4.1.2. Koninklijke Philips N.V.8.4.1.3. Fujifilm Holdings Corporation8.4.2. Market Share Analysis: Vendor Neutral Archive Industry8.4.2.1. IBM Corporation8.4.2.2. GE Company8.4.2.3. Fujifilm Holdings Corporation9. Company Profiles (Business Overview, Product Portfolio, Financial Overview, Strategic Developments)9.1. Novarad Corporation9.2. Koninklijke Philips N.V.9.3. INFINITT Healthcare Co., Ltd.9.4. Siemens Healthineers AG9.5. Hyland Software, Inc.9.6. Agfa-Gevaert Group9.7. General Electric Company9.8. Mach7 Technologies9.9. BridgeHead Software, Ltd.9.10. Fujifilm Holdings Corporation9.11. IBM Corporation9.12. Sectra AB9.13. Change Healthcare, Inc. For more information about this report visit https://www.researchandmarkets.com/r/e0st56 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com |
edtsum541 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: BOSTON--(BUSINESS WIRE)--Astadia, the mainframe to cloud experts, announced today that they are offering their Modernization Assessment service as part of the launch of Professional Services in AWS Marketplace. Amazon Web Services (AWS) customers can now find and purchase professional services from Astadia in AWS Marketplace, a curated digital catalog of software, data, and services that makes it easy to find, test, buy, and deploy software and data products that run on AWS. As a participant in the launch, Astadia is one of the first AWS Technology Partners to quote and contract services in AWS Marketplace to help customers modernize legacy workloads and migrate them to AWS. Click here Astadia Mainframe Modernization Assessment for more information. Organizations face critical decisions about how to align existing legacy systems with their growing distributed environments. The introduction of web, mobile, and lightweight development platforms has highlighted the growing gap between traditional mainframe environments and the more modern, agile approaches available today. These legacy challenges are exacerbated by a declining pool of mainframe talent, high operating costs, and unnecessary complexity. Astadias Modernization Assessment provides customers with a detailed roadmap for migrating IBM zSeries, Unisys, or other mainframe workloads to AWS Cloud, enabling organizations to make strategic decisions about legacy migration or modernization with clear visibility to estimated costs, potential savings, time frames, and risk. Customers with legacy zSeries and Unisys systems rely on professional services from Astadia to migrate, support, and manage their legacy workloads in the AWS Cloud. Until now, AWS customers had to find and contract professional services outside of AWS Marketplace and could not identify software and associated services in a single procurement experience. With professional services from Astadia available in AWS Marketplace, customers have a simplified way to purchase and be billed for both software and services in a centralized place. Customers can further streamline their purchase of professional services and software with standard contract terms to simplify and accelerate procurement cycles. Astadia is proud to be part of the launch of professional services in AWS Marketplace, said Scott Silk, Chairman and CEO. Our team is dedicated to helping organizations build a lasting platform for digital transformation by modernizing legacy systems. Now, our customers can access thousands of cloud software solutions and our associated services to help them implement and manage their workloads on AWS, from one centralized location, in AWS Marketplace. About Astadia Astadia is a leader in mainframe modernization consulting and systems integration boutique. A worldwide IT consulting firm, we specialize in moving IBM and UNISYS mainframe applications and databases to distributed and cloud platforms. Clients select Astadia for the following reasons: mainframe to cloud market focus, 28 years of mainframe experience, and a hybrid READI methodology. Upon project completion, clients often select Astadia to manage their cloud environment as well. We have successfully completed over 200 mainframe modernization projects and are recognized industrywide as the mainframe to cloud experts. For more information about Astadia, please visit http://www.astadia.com and follow Astadia at @AstadiaInc, Facebook/AstadiaInc and LinkedIn/Astadia. https://www.astadia.com/mainframe-modernization
Answer: | Astadia launches Mainframe Modernization Assessment on AWS Marketplace | BOSTON--(BUSINESS WIRE)--Astadia, the mainframe to cloud experts, announced today that they are offering their Modernization Assessment service as part of the launch of Professional Services in AWS Marketplace. Amazon Web Services (AWS) customers can now find and purchase professional services from Astadia in AWS Marketplace, a curated digital catalog of software, data, and services that makes it easy to find, test, buy, and deploy software and data products that run on AWS. As a participant in the launch, Astadia is one of the first AWS Technology Partners to quote and contract services in AWS Marketplace to help customers modernize legacy workloads and migrate them to AWS. Click here Astadia Mainframe Modernization Assessment for more information. Organizations face critical decisions about how to align existing legacy systems with their growing distributed environments. The introduction of web, mobile, and lightweight development platforms has highlighted the growing gap between traditional mainframe environments and the more modern, agile approaches available today. These legacy challenges are exacerbated by a declining pool of mainframe talent, high operating costs, and unnecessary complexity. Astadias Modernization Assessment provides customers with a detailed roadmap for migrating IBM zSeries, Unisys, or other mainframe workloads to AWS Cloud, enabling organizations to make strategic decisions about legacy migration or modernization with clear visibility to estimated costs, potential savings, time frames, and risk. Customers with legacy zSeries and Unisys systems rely on professional services from Astadia to migrate, support, and manage their legacy workloads in the AWS Cloud. Until now, AWS customers had to find and contract professional services outside of AWS Marketplace and could not identify software and associated services in a single procurement experience. With professional services from Astadia available in AWS Marketplace, customers have a simplified way to purchase and be billed for both software and services in a centralized place. Customers can further streamline their purchase of professional services and software with standard contract terms to simplify and accelerate procurement cycles. Astadia is proud to be part of the launch of professional services in AWS Marketplace, said Scott Silk, Chairman and CEO. Our team is dedicated to helping organizations build a lasting platform for digital transformation by modernizing legacy systems. Now, our customers can access thousands of cloud software solutions and our associated services to help them implement and manage their workloads on AWS, from one centralized location, in AWS Marketplace. About Astadia Astadia is a leader in mainframe modernization consulting and systems integration boutique. A worldwide IT consulting firm, we specialize in moving IBM and UNISYS mainframe applications and databases to distributed and cloud platforms. Clients select Astadia for the following reasons: mainframe to cloud market focus, 28 years of mainframe experience, and a hybrid READI methodology. Upon project completion, clients often select Astadia to manage their cloud environment as well. We have successfully completed over 200 mainframe modernization projects and are recognized industrywide as the mainframe to cloud experts. For more information about Astadia, please visit http://www.astadia.com and follow Astadia at @AstadiaInc, Facebook/AstadiaInc and LinkedIn/Astadia. https://www.astadia.com/mainframe-modernization |
edtsum542 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: REDWOOD CITY, Calif.--(BUSINESS WIRE)--AmMax Bio, Inc. (AmMax), a private clinical-stage biopharmaceutical company focused on developing first-in-class or best-in-class treatments with its proprietary dual anti-inflammatory/anti-fibrotic therapeutic platform targeting the colony-stimulating factor 1 receptor (CSF1R), today announced that Larry Hsu, Ph.D., Chief Executive Officer and the management team will participate in one-on-one meetings with investors at the 41st Annual Cowen Health Care Conference on Wednesday, March 3, 2021. AmMax was founded in March 2020 to develop therapies under an exclusive worldwide license from Amgen, Inc. that leverage the diverse and critical roles played by the CSF1 signaling pathway for macrophage regulation in multiple organ systems. Based on a potent monoclonal antibody named AMB-05X, the company is using this proprietary platform to build a portfolio of therapies that address diseases with significant unmet medical needs and substantial commercial potential. AmMaxs robust drug development pipeline includes Phase 2 clinical programs for tenosynovial giant cell tumor (TGCT) and idiopathic pulmonary fibrosis (IPF), in addition to earlier stage programs for polycystic kidney diseases and certain ocular disorders. For more information, please visit the companys website at www.AmMaxBio.com. About AMB-05X A potent monoclonal anti-CSF1R antibody, AMB-05X is a therapeutic platform targeting macrophage-driven diseases with significant unmet medical needs and substantial commercial potential. The CSF1R, via its binding to two regulatory cytokines, CSF1 and IL-34, is critically involved in the regulation of macrophages and related cells in multiple biological processes across multiple organ systems, making it an attractive target with broad therapeutic applications. Overactivation of the CSF1/IL-34 CSF1R axis substantially contributes to the inflammation and fibrosis inherent in many diseases. Thus, the potent inhibition of CSF1R activity by AMB-05X represents a novel and powerful means of therapeutic intervention via its dual action.
Answer: | AmMax Bio to Participate in the 41st Annual Cowen Health Care Conference | REDWOOD CITY, Calif.--(BUSINESS WIRE)--AmMax Bio, Inc. (AmMax), a private clinical-stage biopharmaceutical company focused on developing first-in-class or best-in-class treatments with its proprietary dual anti-inflammatory/anti-fibrotic therapeutic platform targeting the colony-stimulating factor 1 receptor (CSF1R), today announced that Larry Hsu, Ph.D., Chief Executive Officer and the management team will participate in one-on-one meetings with investors at the 41st Annual Cowen Health Care Conference on Wednesday, March 3, 2021. AmMax was founded in March 2020 to develop therapies under an exclusive worldwide license from Amgen, Inc. that leverage the diverse and critical roles played by the CSF1 signaling pathway for macrophage regulation in multiple organ systems. Based on a potent monoclonal antibody named AMB-05X, the company is using this proprietary platform to build a portfolio of therapies that address diseases with significant unmet medical needs and substantial commercial potential. AmMaxs robust drug development pipeline includes Phase 2 clinical programs for tenosynovial giant cell tumor (TGCT) and idiopathic pulmonary fibrosis (IPF), in addition to earlier stage programs for polycystic kidney diseases and certain ocular disorders. For more information, please visit the companys website at www.AmMaxBio.com. About AMB-05X A potent monoclonal anti-CSF1R antibody, AMB-05X is a therapeutic platform targeting macrophage-driven diseases with significant unmet medical needs and substantial commercial potential. The CSF1R, via its binding to two regulatory cytokines, CSF1 and IL-34, is critically involved in the regulation of macrophages and related cells in multiple biological processes across multiple organ systems, making it an attractive target with broad therapeutic applications. Overactivation of the CSF1/IL-34 CSF1R axis substantially contributes to the inflammation and fibrosis inherent in many diseases. Thus, the potent inhibition of CSF1R activity by AMB-05X represents a novel and powerful means of therapeutic intervention via its dual action. |
edtsum543 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: MARLBOROUGH, Mass.--(BUSINESS WIRE)--Scitara Corporation, a pioneer in digital transformation and IoLT and an emerging leader in delivering data connectivity to scientific laboratories, today announced version 1.0 of its Scitara Digital Lab Exchange (DLX) SaaS cloud platform which dramatically advances the state of data connectivity and automation in scientific laboratories. The outpouring of interest and support from a wide range of customers, instrument companies, and informatics vendors for the Scitara DLX platform has exceeded expectations Ajit Nagral, CEO Combining the benefits of modern cloud-based architecture with a vendor-neutral peer-to-peer platform with robust security, compliance, and laboratory-specific functionality, Scitara DLX changes the equation in life sciences laboratories by speeding up accessibility and sharing of data, delivering greater scientific productivity, enabling cross-functional data collaboration and providing scientific insights for further decision making. Today, laboratory instrumentation and application capabilities continue to increase dramatically in scope and utility, but at the same time, the state of laboratory integration has not changed in over 20 years and point-to-point solutions continue to dominate the landscape. Over time, these point-to-point connections have grown more complex, increasingly challenging to maintain, and expensive to support. As a result, modern day multi-modal laboratories with diverse best-of-breed solutions are not able to fully leverage the value of increasingly sophisticated and otherwise valuable laboratory innovations. The life sciences industry faces unusual survival challenges today in terms of accelerating time to market to remain competitive in a heavily regulated environment, said Ajit Nagral, CEO of Scitara. Modern laboratories find themselves today in a digital transformation journey, with conflicting realities of greater complexity, more data, increased regulatory scrutiny and more sophisticated equipment; and the need to deliver blockbuster products and push value to stakeholders. With Scitara DLX, our vision has been to embrace the diversity in todays laboratory, enable universal connectivity so no instrument or application is left behind, and ensure seamless integration across best-of-breed solutions. By providing, for the first time, a cloud-native platform for seamless data access and connectivity and easily configurable routine and complex workflows in a scientific laboratory, scientists can not only free up more time for science, but also leverage AI/ML techniques, data analytics, and decision-making tools, to more effectively develop life-saving therapies, novel biologics and vaccines. The Scitara DLX platform delivers best-in-class integration capabilities, redefines the overall lab integration framework, and makes automation and data exchange possible where it was not possible before. The last mile in laboratory digital transformation is finally in sight with: Our goal is to enable modern, plug-and-play connectivity for any laboratory device, application or service using the Scitara DLX backbone to engage in multi-directional data exchange at will, said Geoff Gerhardt, CTO of Scitara. We have created an open system that ensures equal advantage to every connection on the DLX platform, enabling instrument and application vendors as well as customers to have access to hundreds of available connectors and out-of-the-box orchestrations or utilize our tools to write their own Connectors and Orchestrations for use within the Scitara DLX platform. Our scalable SaaS offering makes it possible for the smallest of labs to the largest of scientific enterprises to easily afford and adopt our platform. About Scitara Scitara is a global provider of laboratory-specific, cloud-based software solutions for the life sciences and other science-based industries. Our solutions are powering the digital transformation of scientific laboratories by enabling them with modern lab data connectivity infrastructure and tools to accelerate science. For more information, please visit www.scitara.com.
Answer: | Scitara Corporation Brings Life Sciences Industry a New Level of Lab Integration with Digital Lab Exchange (DLX) 1.0 Groundbreaking digital connectivity and infrastructure solution for scientific labs brings unparalleled data connectivity, automation and insights to accelerate science | MARLBOROUGH, Mass.--(BUSINESS WIRE)--Scitara Corporation, a pioneer in digital transformation and IoLT and an emerging leader in delivering data connectivity to scientific laboratories, today announced version 1.0 of its Scitara Digital Lab Exchange (DLX) SaaS cloud platform which dramatically advances the state of data connectivity and automation in scientific laboratories. The outpouring of interest and support from a wide range of customers, instrument companies, and informatics vendors for the Scitara DLX platform has exceeded expectations Ajit Nagral, CEO Combining the benefits of modern cloud-based architecture with a vendor-neutral peer-to-peer platform with robust security, compliance, and laboratory-specific functionality, Scitara DLX changes the equation in life sciences laboratories by speeding up accessibility and sharing of data, delivering greater scientific productivity, enabling cross-functional data collaboration and providing scientific insights for further decision making. Today, laboratory instrumentation and application capabilities continue to increase dramatically in scope and utility, but at the same time, the state of laboratory integration has not changed in over 20 years and point-to-point solutions continue to dominate the landscape. Over time, these point-to-point connections have grown more complex, increasingly challenging to maintain, and expensive to support. As a result, modern day multi-modal laboratories with diverse best-of-breed solutions are not able to fully leverage the value of increasingly sophisticated and otherwise valuable laboratory innovations. The life sciences industry faces unusual survival challenges today in terms of accelerating time to market to remain competitive in a heavily regulated environment, said Ajit Nagral, CEO of Scitara. Modern laboratories find themselves today in a digital transformation journey, with conflicting realities of greater complexity, more data, increased regulatory scrutiny and more sophisticated equipment; and the need to deliver blockbuster products and push value to stakeholders. With Scitara DLX, our vision has been to embrace the diversity in todays laboratory, enable universal connectivity so no instrument or application is left behind, and ensure seamless integration across best-of-breed solutions. By providing, for the first time, a cloud-native platform for seamless data access and connectivity and easily configurable routine and complex workflows in a scientific laboratory, scientists can not only free up more time for science, but also leverage AI/ML techniques, data analytics, and decision-making tools, to more effectively develop life-saving therapies, novel biologics and vaccines. The Scitara DLX platform delivers best-in-class integration capabilities, redefines the overall lab integration framework, and makes automation and data exchange possible where it was not possible before. The last mile in laboratory digital transformation is finally in sight with: Our goal is to enable modern, plug-and-play connectivity for any laboratory device, application or service using the Scitara DLX backbone to engage in multi-directional data exchange at will, said Geoff Gerhardt, CTO of Scitara. We have created an open system that ensures equal advantage to every connection on the DLX platform, enabling instrument and application vendors as well as customers to have access to hundreds of available connectors and out-of-the-box orchestrations or utilize our tools to write their own Connectors and Orchestrations for use within the Scitara DLX platform. Our scalable SaaS offering makes it possible for the smallest of labs to the largest of scientific enterprises to easily afford and adopt our platform. About Scitara Scitara is a global provider of laboratory-specific, cloud-based software solutions for the life sciences and other science-based industries. Our solutions are powering the digital transformation of scientific laboratories by enabling them with modern lab data connectivity infrastructure and tools to accelerate science. For more information, please visit www.scitara.com. |
edtsum544 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, Nov. 9, 2020 /PRNewswire/ -- Canada General Surgery Market Outlook to 2025 - Access Instruments, Aesthetic Devices, Aesthetic Lasers and Energy Devices and Others Read the full report: https://www.reportlinker.com/p05982808/?utm_source=PRN Summary "Canada General Surgery Market Outlook to 2025" is a comprehensive databook report, covering key market data on the Canada General Surgery market. The databook report provides value (USD), volume (units) and average prices (USD) within market segments - Access Instruments, Aesthetic Devices, Aesthetic Lasers and Energy Devices, Bariatric Surgery Devices, Biopsy Devices, Bronchoscopes, Chest Drainage Catheters and Units, Colonoscopes, Cystoscopes, Duodenoscopes, Embolization Particles, Endoscopy Fluid Management Systems, Endoscopy Visualization Systems and Components, Esophagoscopes & Gastroscopes, Gynecological Devices, Hernia Repair Devices, Hysteroscopes, Laparoscopes, Laryngoscope Blades & Handles, Laryngoscopes, Non-Vascular Stents, Resectoscopes, Robotic Surgery, Sigmoidoscopes, Sterilization Equipment, Surgical Energy Devices, Surgical Stapling Devices and Ureteroscopes. The Canada General Surgery Market report provides key information and data on - - Annualized market revenues (USD), volume (units) and average prices (USD) data for each of the market segments. Data is provided from 2015 to 2025. - 2019 company share and distribution share data for General Surgery Market. - Global corporate-level profiles of key companies operating within the Canada General Surgery Market. Based on the availability of data for the particular category and country, information related to pipeline products, news and deals is also available in the report. Scope Canada General Surgery is segmented as follows - - Access Instruments - Aesthetic Devices - Aesthetic Lasers and Energy Devices - Bariatric Surgery Devices - Biopsy Devices - Bronchoscopes - Chest Drainage Catheters and Units - Colonoscopes - Cystoscopes - Duodenoscopes - Embolization Particles - Endoscopy Fluid Management Systems - Endoscopy Visualization Systems and Components - Esophagoscopes & Gastroscopes - Gynecological Devices - Hernia Repair Devices - Hysteroscopes - Laparoscopes - Laryngoscope Blades & Handles - Laryngoscopes - Non-Vascular Stents - Resectoscopes - Robotic Surgery - Sigmoidoscopes - Sterilization Equipment - Surgical Energy Devices - Surgical Stapling Devices - Ureteroscopes Reasons to Buy The Canada General Surgery Market report helps you to develop - - Business strategies by identifying the key market segments poised for strong growth in the future. - Market-entry and market expansion strategies. - Design competition strategies by identifying who-stands-where in the market. - Develop investment strategies by identifying the key market segments expected to register strong growth in the near future. - Understand the key distribution channels and what's the most preferred mode of product distribution - Identify, understand and capitalize.Read the full report: https://www.reportlinker.com/p05982808/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [emailprotected] US: (339)-368-6001 Intl: +1 339-368-6001 SOURCE Reportlinker Related Links www.reportlinker.com
Answer: | Canada General Surgery Market Outlook to 2025 - Access Instruments, Aesthetic Devices, Aesthetic Lasers and Energy Devices and Others | NEW YORK, Nov. 9, 2020 /PRNewswire/ -- Canada General Surgery Market Outlook to 2025 - Access Instruments, Aesthetic Devices, Aesthetic Lasers and Energy Devices and Others Read the full report: https://www.reportlinker.com/p05982808/?utm_source=PRN Summary "Canada General Surgery Market Outlook to 2025" is a comprehensive databook report, covering key market data on the Canada General Surgery market. The databook report provides value (USD), volume (units) and average prices (USD) within market segments - Access Instruments, Aesthetic Devices, Aesthetic Lasers and Energy Devices, Bariatric Surgery Devices, Biopsy Devices, Bronchoscopes, Chest Drainage Catheters and Units, Colonoscopes, Cystoscopes, Duodenoscopes, Embolization Particles, Endoscopy Fluid Management Systems, Endoscopy Visualization Systems and Components, Esophagoscopes & Gastroscopes, Gynecological Devices, Hernia Repair Devices, Hysteroscopes, Laparoscopes, Laryngoscope Blades & Handles, Laryngoscopes, Non-Vascular Stents, Resectoscopes, Robotic Surgery, Sigmoidoscopes, Sterilization Equipment, Surgical Energy Devices, Surgical Stapling Devices and Ureteroscopes. The Canada General Surgery Market report provides key information and data on - - Annualized market revenues (USD), volume (units) and average prices (USD) data for each of the market segments. Data is provided from 2015 to 2025. - 2019 company share and distribution share data for General Surgery Market. - Global corporate-level profiles of key companies operating within the Canada General Surgery Market. Based on the availability of data for the particular category and country, information related to pipeline products, news and deals is also available in the report. Scope Canada General Surgery is segmented as follows - - Access Instruments - Aesthetic Devices - Aesthetic Lasers and Energy Devices - Bariatric Surgery Devices - Biopsy Devices - Bronchoscopes - Chest Drainage Catheters and Units - Colonoscopes - Cystoscopes - Duodenoscopes - Embolization Particles - Endoscopy Fluid Management Systems - Endoscopy Visualization Systems and Components - Esophagoscopes & Gastroscopes - Gynecological Devices - Hernia Repair Devices - Hysteroscopes - Laparoscopes - Laryngoscope Blades & Handles - Laryngoscopes - Non-Vascular Stents - Resectoscopes - Robotic Surgery - Sigmoidoscopes - Sterilization Equipment - Surgical Energy Devices - Surgical Stapling Devices - Ureteroscopes Reasons to Buy The Canada General Surgery Market report helps you to develop - - Business strategies by identifying the key market segments poised for strong growth in the future. - Market-entry and market expansion strategies. - Design competition strategies by identifying who-stands-where in the market. - Develop investment strategies by identifying the key market segments expected to register strong growth in the near future. - Understand the key distribution channels and what's the most preferred mode of product distribution - Identify, understand and capitalize.Read the full report: https://www.reportlinker.com/p05982808/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [emailprotected] US: (339)-368-6001 Intl: +1 339-368-6001 SOURCE Reportlinker Related Links www.reportlinker.com |
edtsum545 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: FORT COLLINS, Colo., May 18, 2020 /PRNewswire/ -- Locally-owned and operated America's Mattress stores in Greeley and Fort Collins allow shoppers to show their support for local Colorado businesses in more ways than one. America's Mattress is known for having an extensive collection of name-brand mattresses in a variety of sizes and styles, and their customer service that is second to none. But what's even better is that customers who choose to buy from America's Mattress can feel good knowing that their purchase is helping to support local jobs and the economy. The Front Range America's Mattress stores are owned by a local family business managed by a father and son team with over 40 years in the industry. They strive to offer a personalized shopping experience aimed at helping customers find the best mattress for their needs. Buying a mattress from America's Mattress also means showing support for Colorado jobs beyond just the teams that work in the stores. That's because all of the mattresses are manufactured right here in Colorado. And, because everyone knows that restaurants have been hit especially hard, America's Mattress is offering a free gift card to a local restaurant with each mattress purchase. Shopping during COVID-19 is challenging, but America's Mattress has taken special steps to ensure that you can still get the mattress you need, delivered safely to your home. Shoppers are encouraged to browse the selection on their website and then call to speak with a sleep specialist over the phone. They can even call to schedule a one on one consultation at one of their stores. Once a selection has been made, customers can sign up for free, no-touch delivery to their home, anywhere within the local Front Range area. For those interested in supporting local businesses and learning more about buying a mattress from America's Mattress in Greeley or Fort Collins, please visit: https://frontrange.americasmattress.com/. Contact:America's Mattress(970) 658-5940 [emailprotected] SOURCE America's Mattress Related Links https://frontrange.americasmattress.com/
Answer: | America's Mattress Offers Shoppers Several Ways to Show Their Support for Local Businesses | FORT COLLINS, Colo., May 18, 2020 /PRNewswire/ -- Locally-owned and operated America's Mattress stores in Greeley and Fort Collins allow shoppers to show their support for local Colorado businesses in more ways than one. America's Mattress is known for having an extensive collection of name-brand mattresses in a variety of sizes and styles, and their customer service that is second to none. But what's even better is that customers who choose to buy from America's Mattress can feel good knowing that their purchase is helping to support local jobs and the economy. The Front Range America's Mattress stores are owned by a local family business managed by a father and son team with over 40 years in the industry. They strive to offer a personalized shopping experience aimed at helping customers find the best mattress for their needs. Buying a mattress from America's Mattress also means showing support for Colorado jobs beyond just the teams that work in the stores. That's because all of the mattresses are manufactured right here in Colorado. And, because everyone knows that restaurants have been hit especially hard, America's Mattress is offering a free gift card to a local restaurant with each mattress purchase. Shopping during COVID-19 is challenging, but America's Mattress has taken special steps to ensure that you can still get the mattress you need, delivered safely to your home. Shoppers are encouraged to browse the selection on their website and then call to speak with a sleep specialist over the phone. They can even call to schedule a one on one consultation at one of their stores. Once a selection has been made, customers can sign up for free, no-touch delivery to their home, anywhere within the local Front Range area. For those interested in supporting local businesses and learning more about buying a mattress from America's Mattress in Greeley or Fort Collins, please visit: https://frontrange.americasmattress.com/. Contact:America's Mattress(970) 658-5940 [emailprotected] SOURCE America's Mattress Related Links https://frontrange.americasmattress.com/ |
edtsum546 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Corporation (Nasdaq: SNBR) will release its fourth quarter and full year results through January 2, 2021, after market close on Wednesday, February 17, 2021. Management will host its regularly scheduled conference call to discuss the companys results at 5 p.m. EST (4 p.m. CST; 2 p.m. PST). To access the webcast, please visit the investor relations area of the Sleep Number website at https://ir.sleepnumber.com. The webcast replay will remain available for approximately 60 days. About Sleep Number Corporation Individuality is our foundation at Sleep Number. Our purpose driven company is comprised of over 4,800 passionate team members who are dedicated to our mission of improving lives by individualizing sleep experiences. Our 360 smart beds provide each sleeper with adjustable, personalized comfort for proven quality sleep. We have improved more than 13 million lives as we strive to advance societys wellbeing through higher quality sleep. Sleep science and data are the core of our innovations. Our award-winning 360 smart beds benefit from our proprietary SleepIQ technology - learning from over 9 billion hours of highly accurate sleep data - to provide effortless comfort and individualized sleep health insights, including your daily SleepIQ score. For life-changing sleep, visit SleepNumber.com or one of our more than 600 Sleep Number stores. More information is available on our newsroom and investor relations sites.
Answer: | Sleep Number Corporation to Announce Fourth Quarter and Full Year 2020 Results on February 17th | MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Corporation (Nasdaq: SNBR) will release its fourth quarter and full year results through January 2, 2021, after market close on Wednesday, February 17, 2021. Management will host its regularly scheduled conference call to discuss the companys results at 5 p.m. EST (4 p.m. CST; 2 p.m. PST). To access the webcast, please visit the investor relations area of the Sleep Number website at https://ir.sleepnumber.com. The webcast replay will remain available for approximately 60 days. About Sleep Number Corporation Individuality is our foundation at Sleep Number. Our purpose driven company is comprised of over 4,800 passionate team members who are dedicated to our mission of improving lives by individualizing sleep experiences. Our 360 smart beds provide each sleeper with adjustable, personalized comfort for proven quality sleep. We have improved more than 13 million lives as we strive to advance societys wellbeing through higher quality sleep. Sleep science and data are the core of our innovations. Our award-winning 360 smart beds benefit from our proprietary SleepIQ technology - learning from over 9 billion hours of highly accurate sleep data - to provide effortless comfort and individualized sleep health insights, including your daily SleepIQ score. For life-changing sleep, visit SleepNumber.com or one of our more than 600 Sleep Number stores. More information is available on our newsroom and investor relations sites. |
edtsum547 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: PARIS, Aug. 3, 2020 /PRNewswire/ --Societe Generale, one of the largest European financial services groups, reports results for Q2 2020. CEO Frdric Ouda comments on the Group's results. Watch video interview and read transcript:https://www.eurobusinessmedia.com/video/societe-generale-q2-2020-results/ Topics covered in the interview include: Overview of Q2 2020 Results of businesses Our priorities About Societe Generale Societe Generale is one of the leading European financial services groups. Based on a diversified and integrated banking model, the Group combines financial strength and proven expertise in innovation with a strategy of sustainable growth. Committed to the positive transformations of the world's societies and economies, Societe Generale and its teams seek to build, day after day, together with its clients, a better and sustainable future through responsible and innovative financial solutions. Active in the real economy for over 150 years, with a solid position in Europe and connected to the rest of the world, Societe Generale has over 138,000 members of staff in 62 countries and supports on a daily basis 29 million individual clients, businesses and institutional investors around the world by offering a wide range of advisory services and tailored financial solutions. The Group is built on three complementary core businesses: French Retail Banking which encompasses the Societe Generale, Crdit du Nord and Boursorama brands. Each offers a full range of financial services with omnichannel products at the cutting edge of digital innovation; International Retail Banking, Insurance and Financial Services to Corporates, with networks in Africa, Russia, Central and Eastern Europe and specialised businesses that are leaders in their markets; Global Banking and Investor Solutions, which offers recognised expertise, key international locations and integrated solutions. Societe Generale is included in the principal socially responsible investment indices: DJSI (World and Europe), FTSE4Good (Global and Europe), Euronext Vigeo (World, Europe and Eurozone), four of the STOXX ESG Leaders indices, and the MSCI Low Carbon Leaders Index. For more information, you can follow us on twitter @societegenerale or visit our website www.societegenerale.com Contacts: CORENTIN HENRY [emailprotected] +33 1 58 98 01 75 FANNY ROUBY [emailprotected] +33 1 57 29 11 12 ASTRID FOULD-BACQUART [emailprotected] +33 1 56 37 67 95 SOURCE Socit Gnrale
Answer: | Societe Generale CEO Interview - Q2 2020 results (video) English France - Franais | PARIS, Aug. 3, 2020 /PRNewswire/ --Societe Generale, one of the largest European financial services groups, reports results for Q2 2020. CEO Frdric Ouda comments on the Group's results. Watch video interview and read transcript:https://www.eurobusinessmedia.com/video/societe-generale-q2-2020-results/ Topics covered in the interview include: Overview of Q2 2020 Results of businesses Our priorities About Societe Generale Societe Generale is one of the leading European financial services groups. Based on a diversified and integrated banking model, the Group combines financial strength and proven expertise in innovation with a strategy of sustainable growth. Committed to the positive transformations of the world's societies and economies, Societe Generale and its teams seek to build, day after day, together with its clients, a better and sustainable future through responsible and innovative financial solutions. Active in the real economy for over 150 years, with a solid position in Europe and connected to the rest of the world, Societe Generale has over 138,000 members of staff in 62 countries and supports on a daily basis 29 million individual clients, businesses and institutional investors around the world by offering a wide range of advisory services and tailored financial solutions. The Group is built on three complementary core businesses: French Retail Banking which encompasses the Societe Generale, Crdit du Nord and Boursorama brands. Each offers a full range of financial services with omnichannel products at the cutting edge of digital innovation; International Retail Banking, Insurance and Financial Services to Corporates, with networks in Africa, Russia, Central and Eastern Europe and specialised businesses that are leaders in their markets; Global Banking and Investor Solutions, which offers recognised expertise, key international locations and integrated solutions. Societe Generale is included in the principal socially responsible investment indices: DJSI (World and Europe), FTSE4Good (Global and Europe), Euronext Vigeo (World, Europe and Eurozone), four of the STOXX ESG Leaders indices, and the MSCI Low Carbon Leaders Index. For more information, you can follow us on twitter @societegenerale or visit our website www.societegenerale.com Contacts: CORENTIN HENRY [emailprotected] +33 1 58 98 01 75 FANNY ROUBY [emailprotected] +33 1 57 29 11 12 ASTRID FOULD-BACQUART [emailprotected] +33 1 56 37 67 95 SOURCE Socit Gnrale |
edtsum548 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: DETROIT--(BUSINESS WIRE)--TCF National Bank, a subsidiary of TCF Financial Corporation (TCF) (NASDAQ: TCF), on Friday celebrated the opening of its newest banking center in Detroit, which fills a gap in a location where the nearest bank is more than 3 miles away. The new banking center is inside the Arab American and Chaldean Council (ACC) Community Center on the citys west side and offers a full suite of products to accommodate the financial needs of customers who live within the neighborhood and its surrounding communities. We are excited to be partnering with a wonderful organization on the opening of our new ACC 7 Mile Banking Center, which underscores our ongoing commitment to Detroit neighborhoods and the revitalization of our headquarters city. We recognize that providing easy access to banking services close to where people live and work helps residents and small businesses fulfill their dreams, said TCF Executive Chairman Gary Torgow. We are proud to provide the residents in this community with innovative technology solutions to enhance their banking experience. TCF worked with the ACC to assist with site selection of the new banking center at 55 West Seven Mile Road, where residents and the surrounding community can have access to a bank within close proximity of their homes. As part of the grand opening celebration, TCF presented the ACC with a $25,000 donation to support the organizations work the community. It is so wonderful to have TCF Bank as part of the ACC Community Center and available for local residents to access easily, said ACC President and CEO Dr. Haifa Fakhouri. Providing much-needed banking services alongside financial literacy education is a critical part of ensuring the livelihood of people who live in the surrounding communities. We are pleased to help bring these much-needed amenities to our citizens. In mid-April, the bank will open another new Detroit location in the Grandmont Rosedale community, which is TCFs Strategic Neighborhood Fund partner. About TCF: TCF Financial Corporation (NASDAQ: TCF) is a Detroit, Michigan-based financial holding company with $48 billion in total assets at Dec. 31, 2020 and a top 10 deposit market share in the Midwest. TCFs primary banking subsidiary, TCF National Bank, is a premier Midwest bank offering consumer and commercial banking, trust and wealth management, and specialty leasing and lending products and services to consumers, small businesses and commercial clients. TCF has approximately 470 branches primarily located in Michigan, Illinois and Minnesota with additional locations in Colorado, Ohio, South Dakota and Wisconsin. TCF also conducts business across all 50 states and Canada through its specialty lending and leasing businesses. To learn more about TCF, visit tcfbank.com. Click here to subscribe to news release email alerts for TCF Financial Corporation. Source: TCF Financial Corporation
Answer: | New TCF Banking Center Opens on West Seven Mile in Detroit The Arab American and Chaldean Council 7 Mile Road location is 3 miles from the nearest bank New banking center underscores TCFs continued commitment to the community | DETROIT--(BUSINESS WIRE)--TCF National Bank, a subsidiary of TCF Financial Corporation (TCF) (NASDAQ: TCF), on Friday celebrated the opening of its newest banking center in Detroit, which fills a gap in a location where the nearest bank is more than 3 miles away. The new banking center is inside the Arab American and Chaldean Council (ACC) Community Center on the citys west side and offers a full suite of products to accommodate the financial needs of customers who live within the neighborhood and its surrounding communities. We are excited to be partnering with a wonderful organization on the opening of our new ACC 7 Mile Banking Center, which underscores our ongoing commitment to Detroit neighborhoods and the revitalization of our headquarters city. We recognize that providing easy access to banking services close to where people live and work helps residents and small businesses fulfill their dreams, said TCF Executive Chairman Gary Torgow. We are proud to provide the residents in this community with innovative technology solutions to enhance their banking experience. TCF worked with the ACC to assist with site selection of the new banking center at 55 West Seven Mile Road, where residents and the surrounding community can have access to a bank within close proximity of their homes. As part of the grand opening celebration, TCF presented the ACC with a $25,000 donation to support the organizations work the community. It is so wonderful to have TCF Bank as part of the ACC Community Center and available for local residents to access easily, said ACC President and CEO Dr. Haifa Fakhouri. Providing much-needed banking services alongside financial literacy education is a critical part of ensuring the livelihood of people who live in the surrounding communities. We are pleased to help bring these much-needed amenities to our citizens. In mid-April, the bank will open another new Detroit location in the Grandmont Rosedale community, which is TCFs Strategic Neighborhood Fund partner. About TCF: TCF Financial Corporation (NASDAQ: TCF) is a Detroit, Michigan-based financial holding company with $48 billion in total assets at Dec. 31, 2020 and a top 10 deposit market share in the Midwest. TCFs primary banking subsidiary, TCF National Bank, is a premier Midwest bank offering consumer and commercial banking, trust and wealth management, and specialty leasing and lending products and services to consumers, small businesses and commercial clients. TCF has approximately 470 branches primarily located in Michigan, Illinois and Minnesota with additional locations in Colorado, Ohio, South Dakota and Wisconsin. TCF also conducts business across all 50 states and Canada through its specialty lending and leasing businesses. To learn more about TCF, visit tcfbank.com. Click here to subscribe to news release email alerts for TCF Financial Corporation. Source: TCF Financial Corporation |
edtsum549 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: HOUSTON, Nov. 2, 2020 /PRNewswire/ --WebPros Group, a leading global provider of website hosting automation software, is pleased to announce that Jens Meggers has today joined as Chief Executive Officer. An industry veteran, Jens will be responsible for oversight, strategic development and day-to-day leadership of the Group. Jens has more than three decades of experience in the engineering and software industries, including most recently as the President of Teletrac Navman, a software as a service provider focused on helping companies track and manage mobile assets, where he successfully launched the industry's first AI-based telematics platform. Prior to this he held senior roles at Cisco and Symantec where he led the transformation of several business products into SaaS based offers and more than doubled annual revenues under his leadership. WebPros Appoints Jens Meggers as Chief Executive Officer Tweet this "It's an honor to join a company with a deep heritage of technology invention and development," said Jens Meggers. "WebPros' DNA is one that fosters close collaboration with our customers and partners, and I'm looking forward to further developing these strong partnerships in the future." "We are very excited to have Jens join the WebPros team," added Leif Lindbck, Senior Managing Director at CVC Capital Partners. "WebPros delivers intelligent hosting automation software that powers some of the largest web hosting brands. We are looking forward to working closely with Jens, as he leads the Group into its next phase of growth."About WebProsFounded in 2017, WebPros Group is the leading SaaS platform for server management globally. The group comprises five primary brands: cPanel, Plesk, SolusIO, WHMCS, and, XOVI. WebPros platforms seek to simplify the lives of developers and web professionals by providing highly scalable software solutions that automate server tasks for hosting providers and web professionals. For more information on WebPros and its brands, visit: www.webpros.com. About CVC Capital PartnersCVC is a leading private equity and investment advisory firm. Founded in 1981, CVC today has a network of 23 offices and over 550 employees throughout Europe, Asia and the US. To date, CVC has secured commitments of over US$160 billion from some of the world's leading institutional investors across its private equity and credit strategies. In total, CVC currently manages approximately US$105 billion of assets. Today, funds managed or advised by CVC are invested in over 80 companies worldwide, employing over 400,000 people in numerous countries. Together, these companies have combined annual sales of approximately US$91 billion. For further information about CVC please visit: www.cvc.com.SOURCE WebPros
Answer: | WebPros Appoints Jens Meggers as Chief Executive Officer | HOUSTON, Nov. 2, 2020 /PRNewswire/ --WebPros Group, a leading global provider of website hosting automation software, is pleased to announce that Jens Meggers has today joined as Chief Executive Officer. An industry veteran, Jens will be responsible for oversight, strategic development and day-to-day leadership of the Group. Jens has more than three decades of experience in the engineering and software industries, including most recently as the President of Teletrac Navman, a software as a service provider focused on helping companies track and manage mobile assets, where he successfully launched the industry's first AI-based telematics platform. Prior to this he held senior roles at Cisco and Symantec where he led the transformation of several business products into SaaS based offers and more than doubled annual revenues under his leadership. WebPros Appoints Jens Meggers as Chief Executive Officer Tweet this "It's an honor to join a company with a deep heritage of technology invention and development," said Jens Meggers. "WebPros' DNA is one that fosters close collaboration with our customers and partners, and I'm looking forward to further developing these strong partnerships in the future." "We are very excited to have Jens join the WebPros team," added Leif Lindbck, Senior Managing Director at CVC Capital Partners. "WebPros delivers intelligent hosting automation software that powers some of the largest web hosting brands. We are looking forward to working closely with Jens, as he leads the Group into its next phase of growth."About WebProsFounded in 2017, WebPros Group is the leading SaaS platform for server management globally. The group comprises five primary brands: cPanel, Plesk, SolusIO, WHMCS, and, XOVI. WebPros platforms seek to simplify the lives of developers and web professionals by providing highly scalable software solutions that automate server tasks for hosting providers and web professionals. For more information on WebPros and its brands, visit: www.webpros.com. About CVC Capital PartnersCVC is a leading private equity and investment advisory firm. Founded in 1981, CVC today has a network of 23 offices and over 550 employees throughout Europe, Asia and the US. To date, CVC has secured commitments of over US$160 billion from some of the world's leading institutional investors across its private equity and credit strategies. In total, CVC currently manages approximately US$105 billion of assets. Today, funds managed or advised by CVC are invested in over 80 companies worldwide, employing over 400,000 people in numerous countries. Together, these companies have combined annual sales of approximately US$91 billion. For further information about CVC please visit: www.cvc.com.SOURCE WebPros |
edtsum550 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: BEIJING, July 9, 2020 /PRNewswire/ --Ambow Education Holding Ltd. ("Ambow" or the "Company") (NYSE American: AMBO), a leading national provider of educational and career enhancement services in China, today announced its unaudited financial and operating results for the three-month period ended March 31, 2020. "Against the backdrop of the unprecedented COVID-19 pandemic, our goal of empoweringlearning and teaching through technologyhas never been more relevant," said Dr. Jin Huang, Ambow's President and Chief Executive Officer. "With our strategic efforts to invest in technological advancements and educational service innovation, we remain committed to providing our learners with high-quality educational resources, ensuring a superior online education experience across our platform. For instance, we launched live streaming classes that are embedded with various interactive tools that dramatically enhance the engagement between students and teachers on our learning platform. We also introduced online practice training and career planning programs to help undergraduates and employees better prepare themselves in an increasingly challenging job market. By leveraging our leading position and strong network in the career enhancement services market, in collaboration with 6,000 enterprises, we organized online job fairs that enabled remote interviews, extending extra exposure for undergraduates seeking jobs." Dr. Huang continued, "The outbreak of COVID-19 since the beginning of this year has adversely impacted the entire education industry. Our first quarter 2020 revenue performance was negatively impacted as a result of the suspension of our K-12 schools and offline tutoring services dueto quarantine measures. With daily life in China gradually returning to normal since April, our schools reopened in April with the health and safety of our students and faculty a paramount priority. We are confident in our ability to navigate through the dynamic markets and capitalize on the elevated opportunities presented by the accelerated adoption of online education around the world." "I am also pleased that we made another significant addition to our portfolio of international assets in the first quarter as we completed the acquisition of NewSchool of Architecture and Design, LLC ("NewSchool"), a San Diego-based higher learning institution. This acquisition underlines Ambow's vision to roll out a cross-border educational service platform, bringing unique learning and career advancement opportunities to students,"concludedDr. Huang. First Quarter 2020 Financial Highlights Net revenues for the first quarter of 2020 decreased by 28.2% to US$12.7 million from US$17.7 million in the same period of 2019. The decrease was primarily due to fewer services provided at the Company's K-12 schools and tutoring centers as operations during the quarter were temporarily suspended due to the outbreak of COVID-19, partially offset by revenue from NewSchool, acquired in the period. Gross profit for the first quarter of 2020 decreased by 72.4% to US$1.6 million from US$5.8 million in the same period of 2019. Gross profit margin was 12.6%, compared with 32.8% for the first quarter of 2019. The decrease in gross profit and margin was mainly attributable to the decrease of net revenues. Operating expenses for the first quarter of 2020 decreased by 19.1% to US$7.2 million from US$8.9 million for the same period of 2019. The decrease was primarily attributable to less expenditures due to the temporary suspension of operations at schools and tutoring centers in the period as part of the national pandemic containment effort, and stringent expense controls to improve operating efficiency. Net income attributable to ordinary shareholders in the first quarter of 2020 was US$0.8 million, or US$0.02 per basic and diluted share, compared with a net loss of US$3.5 million, or US$0.08 per basic and diluted share, for the first quarter of 2019. As of March 31, 2020, Ambow maintained strong cash resources of US$30.4 million, comprised of cash and cash equivalents of US$14.2 million and short-term investments of US$16.2 million. As of March 31, 2020, the Company's deferred revenue balance was US$23.9 million, representing a slight increase compared with US$23.7 million as of December 31, 2019. Due to the temporary suspension of school operations to contain COVID-19, the Company postponed tuition and fee collection in its K-12 schools during the first quarter which led to the lower-than-usual increase in deferred revenue. The Company's first-quarter 2020 financial and operating results can also be found on its Form 6-K filed with the U.S. Securities and Exchange Commission atwww.sec.gov. Exchange Rate Information This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all amounts translated from RMB to U.S. dollars for the first quarter of 2020 are based on the effective exchange rate of 7.0808as of March 31, 2020; all amounts translated from RMB to U.S. dollars for the first quarter of 2019 are based on the effective exchange rate of 6.7112as of March 29, 2019; all amounts translated from RMB to U.S. dollars as of December 31, 2019 are based on the effective exchange rate of 6.9618as of December 31, 2019. The exchange rates were according to the middle rate as set forth in the H.10 statistical release of the U.S. Federal Reserve Board. About Ambow Education Holding Ltd. Ambow Education Holding Ltd. is a leading national provider of educational and career enhancement services in China, offering high-quality, individualized services and products. With its extensive network of regional service hubs complemented by a dynamic proprietary learning platform and distributors, Ambow provides its services and products to students in 30 out of the 31 provinces and autonomous regions within China. Follow us on Twitter: @Ambow_Education Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the outlook and quotations from management in this announcement, as well as Ambow's strategic and operational plans, contain forward-looking statements. Ambow may also make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statements, including but not limited to the following: the Company's goals and strategies, expansion plans, the expected growth of the content and application delivery services market, the Company's expectations regarding keeping and strengthening its relationships with its customers, and the general economic and business conditions in the regions where the Company provides its solutions and services. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission.All information provided in this press release is as of the date of this press release, and Ambow undertakes no duty to update such information, except as required under applicable law. For investor and media inquiries, please contact: Ambow Education Holding Ltd.Tel: +86-10-6206-8000 The Piacente Group | Investor RelationsTel: +1-212-481-2050 or +86-10-6508-0677E-mail: [emailprotected] AMBOW EDUCATION HOLDING LTD. UNAUDITED CONSOLIDATED BALANCE SHEETS (All amounts in thousands, except for share and per share data) As of March 31, As of December 31, 2020 2019 US$ RMB RMB ASSETS Current assets: Cash and cash equivalents 14,210 100,619 157,600 Restricted cash 2,001 14,170 - Short term investments, available for sale 14,785 104,692 57,487 Short term investments, held to maturity 1,412 10,000 31,000 Accounts receivable, net 3,174 22,472 17,939 Amounts due from related parties 317 2,246 2,318 Prepaid and other current assets, net 22,542 159,618 133,296 Total current assets 58,441 413,817 399,640 Non-current assets: Property and equipment, net 21,976 155,606 157,463 Land use rights, net 247 1,748 1,759 Intangible assets, net 8,695 61,567 56,607 Goodwill 8,659 61,313 60,353 Deferred tax assets, net 538 3,811 10,195 Operating lease right-of-use asset 42,809 303,120 257,361 Finance lease right-of-use asset 890 6,300 6,450 Other non-current assets, net 11,900 84,261 70,971 Total non-current assets 95,714 677,726 621,159 Total assets 154,155 1,091,543 1,020,799 LIABILITIES Current liabilities: Deferred revenue * 23,858 168,933 165,111 Accounts payable * 1,781 12,615 14,718 Accrued and other liabilities * 28,059 198,681 192,957 Income taxes payable, current * 26,507 187,691 180,715 Amounts due to related parties * 278 1,971 1,971 Operating lease liability, current * 8,018 56,774 53,512 Total current liabilities 88,501 626,665 608,984 Non-current liabilities: Income taxes payable, non-current * 4,564 32,315 32,152 Operating lease liability, non-current * 37,158 263,109 216,067 Total non-current liabilities 41,722 295,424 248,219 Total liabilities 130,223 922,089 857,203 EQUITY Preferred shares (US$0.003 par value;1,666,667 shares authorized, nil issued and outstanding as ofDecember31, 2019 and March 31, 2020) - - - Class A Ordinary shares (US$0.003 par value; 66,666,667 and66,666,667 shares authorized, 38,858,199 and 38,870,699 shares issued and outstanding as of December31, 2019and March 31, 2020, respectively) 103 730 730 Class C Ordinary shares (US$0.003 par value; 8,333,333 and 8,333,333 shares authorized, 4,708,415 and 4,708,415 shares issued and outstanding as of December31, 2019and March 31, 2020, respectively) 13 90 90 Additional paid-in capital 495,563 3,508,983 3,508,745 Statutory reserve 2,851 20,185 20,185 Accumulated deficit (475,422) (3,366,370) (3,371,815) Accumulated other comprehensive income 978 6,928 6,341 Total Ambow Education Holding Ltd.'s equity 24,086 170,546 164,276 Non-controlling interests (154) (1,092) (680) Total equity 23,932 169,454 163,596 Total liabilities and equity 154,155 1,091,543 1,020,799 * All of the VIE's assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets. AMBOW EDUCATION HOLDING LTD. UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (All amounts in thousands, except for share and per share data) For the three months ended March 31, 2020 2020 2019 US$ RMB RMB NET REVENUES Educational program and services 12,748 90,267 118,185 Intelligent program and services 2 12 461 Total net revenues 12,750 90,279 118,646 COST OF REVENUES Educational program and services (10,936) (77,433) (78,197) Intelligent program and services (183) (1,298) (1,858) Total cost of revenues (11,119) (78,731) (80,055) GROSS PROFIT 1,631 11,548 38,591 Operating expenses: Selling and marketing (1,490) (10,549) (14,088) General and administrative (5,536) (39,201) (45,618) Research and development (160) (1,131) (168) Total operating expenses (7,186) (50,881) (59,874) OPERATING LOSS (5,555) (39,333) (21,283) OTHER INCOME (EXPENSES) Interest income 281 1,990 388 Foreign exchange gain (loss), net 4 26 (31) Other income, net 199 1,406 660 Gain from deregistration of subsidiaries - - 1,279 Gain on the bargain purchase 5,688 40,273 - Gain on sale of investment available for sale 74 526 279 Total other income 6,246 44,221 2,575 INCOME (LOSS) BEFORE INCOME TAX ANDNON-CONTROLLING INTEREST 691 4,888 (18,708) Income tax benefit (expense) 104 739 (5,141) NET INCOME (LOSS) 795 5,627 (23,849) Less: Net loss attributable to non-controlling interest (58) (412) (93) NET INCOME (LOSS) ATTRIBUTABLE TOORDINARY SHAREHOLDERS 853 6,039 (23,756) NET INCOME (LOSS) 795 5,627 (23,849) OTHER COMPREHENSIVE INCOME, NET OF TAX Foreign currency translation adjustments 61 433 (2,428) Unrealized gainson short term investments Unrealized holding gains arising during period 62 441 280 Less: reclassification adjustment for gainsincluded in net income 41 287 205 Other comprehensive income/(loss) 83 587 (2,353) TOTAL COMPREHENSIVE INCOME LOSS) 878 6,214 (26,202) Net income (loss) per share - basic and diluted 0.02 0.14 (0.55) Weighted average shares used in calculating basic and dilutednet income (loss) per share 43,570,918 43,570,918 43,474,571 AMBOW EDUCATION HOLDING LTD. UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (All amounts in thousands, except for share and per share data) Attributable to Ambow Education Holding Ltd.'s Equity Retained Accumulated Class A Ordinary Class C Ordinary Additional Earnings other Non- shares shares paid-in Statutory (Accumulated comprehensive controlling Total Shares Amount Shares Amount capital reserves deficit) income Interest Equity RMB RMB RMB RMB RMB RMB RMB RMB Balance as of January 1, 2020 38,858,199 730 4,708,415 90 3,508,745 20,185 (3,372,409) 6,341 (680) 163,002 Share-based compensation - - - - 238 - - - - 238 Issuance of ordinary shares for restricted stock award 12,500 0 - - (0) - - - - - Foreign currency translation adjustment - - - - - - - 433 - 433 Unrealized gain on investment, net of income taxes - - - - - - - 154 - 154 Net income/(loss) - - - - - - 6,039 - (412) 5,627 Balance as of March31, 2020 38,870,699 730 4,708,415 90 3,508,983 20,185 (3,366,370) 6,928 (1,092) 169,454 Balance as of January 1, 2019 38,756,289 728 4,708,415 90 3,507,123 20,149 (3,271,838) 8,305 (1,786) 262,771 Share-based compensation - - - - 872 - - - - 872 Issuance of ordinary shares for restricted stock award 28,646 1 - - (1) - - - - - Foreign currency translation adjustment - - - - - - - (2,428) - (2,428) Unrealized gain oninvestment, net of income taxes - - - - - - - 75 - 75 Net loss - - - - - - (23,756) - (93) (23,849) Balance as of March31, 2019 38,784,935 729 4,708,415 90 3,507,994 20,149 (3,295,594) 5,952 (1,879) 237,441 Discussion of Segment Operations (All amounts in thousands) For the three months ended March 31, 2020 2020 2019 US$ RMB RMB (All amounts in thousands) NET REVENUES K-12 Schools 5,849 41,411 63,793 CP&CE Programs 6,901 48,868 54,853 Total net revenues 12,750 90,279 118,646 COST OF REVENUES K-12 Schools (4,721) (33,429) (42,296) CP&CE Programs (6,398) (45,302) (37,759) Total cost of revenues (11,119) (78,731) (80,055) GROSS PROFIT K-12 Schools 1,128 7,982 21,497 CP&CE Programs 503 3,566 17,094 Total gross profit 1,631 11,548 38,591 SOURCE Ambow Education Holding Ltd. Related Links www.ambow.com
Answer: | Ambow Education Announces First Quarter 2020 Financial Results | BEIJING, July 9, 2020 /PRNewswire/ --Ambow Education Holding Ltd. ("Ambow" or the "Company") (NYSE American: AMBO), a leading national provider of educational and career enhancement services in China, today announced its unaudited financial and operating results for the three-month period ended March 31, 2020. "Against the backdrop of the unprecedented COVID-19 pandemic, our goal of empoweringlearning and teaching through technologyhas never been more relevant," said Dr. Jin Huang, Ambow's President and Chief Executive Officer. "With our strategic efforts to invest in technological advancements and educational service innovation, we remain committed to providing our learners with high-quality educational resources, ensuring a superior online education experience across our platform. For instance, we launched live streaming classes that are embedded with various interactive tools that dramatically enhance the engagement between students and teachers on our learning platform. We also introduced online practice training and career planning programs to help undergraduates and employees better prepare themselves in an increasingly challenging job market. By leveraging our leading position and strong network in the career enhancement services market, in collaboration with 6,000 enterprises, we organized online job fairs that enabled remote interviews, extending extra exposure for undergraduates seeking jobs." Dr. Huang continued, "The outbreak of COVID-19 since the beginning of this year has adversely impacted the entire education industry. Our first quarter 2020 revenue performance was negatively impacted as a result of the suspension of our K-12 schools and offline tutoring services dueto quarantine measures. With daily life in China gradually returning to normal since April, our schools reopened in April with the health and safety of our students and faculty a paramount priority. We are confident in our ability to navigate through the dynamic markets and capitalize on the elevated opportunities presented by the accelerated adoption of online education around the world." "I am also pleased that we made another significant addition to our portfolio of international assets in the first quarter as we completed the acquisition of NewSchool of Architecture and Design, LLC ("NewSchool"), a San Diego-based higher learning institution. This acquisition underlines Ambow's vision to roll out a cross-border educational service platform, bringing unique learning and career advancement opportunities to students,"concludedDr. Huang. First Quarter 2020 Financial Highlights Net revenues for the first quarter of 2020 decreased by 28.2% to US$12.7 million from US$17.7 million in the same period of 2019. The decrease was primarily due to fewer services provided at the Company's K-12 schools and tutoring centers as operations during the quarter were temporarily suspended due to the outbreak of COVID-19, partially offset by revenue from NewSchool, acquired in the period. Gross profit for the first quarter of 2020 decreased by 72.4% to US$1.6 million from US$5.8 million in the same period of 2019. Gross profit margin was 12.6%, compared with 32.8% for the first quarter of 2019. The decrease in gross profit and margin was mainly attributable to the decrease of net revenues. Operating expenses for the first quarter of 2020 decreased by 19.1% to US$7.2 million from US$8.9 million for the same period of 2019. The decrease was primarily attributable to less expenditures due to the temporary suspension of operations at schools and tutoring centers in the period as part of the national pandemic containment effort, and stringent expense controls to improve operating efficiency. Net income attributable to ordinary shareholders in the first quarter of 2020 was US$0.8 million, or US$0.02 per basic and diluted share, compared with a net loss of US$3.5 million, or US$0.08 per basic and diluted share, for the first quarter of 2019. As of March 31, 2020, Ambow maintained strong cash resources of US$30.4 million, comprised of cash and cash equivalents of US$14.2 million and short-term investments of US$16.2 million. As of March 31, 2020, the Company's deferred revenue balance was US$23.9 million, representing a slight increase compared with US$23.7 million as of December 31, 2019. Due to the temporary suspension of school operations to contain COVID-19, the Company postponed tuition and fee collection in its K-12 schools during the first quarter which led to the lower-than-usual increase in deferred revenue. The Company's first-quarter 2020 financial and operating results can also be found on its Form 6-K filed with the U.S. Securities and Exchange Commission atwww.sec.gov. Exchange Rate Information This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all amounts translated from RMB to U.S. dollars for the first quarter of 2020 are based on the effective exchange rate of 7.0808as of March 31, 2020; all amounts translated from RMB to U.S. dollars for the first quarter of 2019 are based on the effective exchange rate of 6.7112as of March 29, 2019; all amounts translated from RMB to U.S. dollars as of December 31, 2019 are based on the effective exchange rate of 6.9618as of December 31, 2019. The exchange rates were according to the middle rate as set forth in the H.10 statistical release of the U.S. Federal Reserve Board. About Ambow Education Holding Ltd. Ambow Education Holding Ltd. is a leading national provider of educational and career enhancement services in China, offering high-quality, individualized services and products. With its extensive network of regional service hubs complemented by a dynamic proprietary learning platform and distributors, Ambow provides its services and products to students in 30 out of the 31 provinces and autonomous regions within China. Follow us on Twitter: @Ambow_Education Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the outlook and quotations from management in this announcement, as well as Ambow's strategic and operational plans, contain forward-looking statements. Ambow may also make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statements, including but not limited to the following: the Company's goals and strategies, expansion plans, the expected growth of the content and application delivery services market, the Company's expectations regarding keeping and strengthening its relationships with its customers, and the general economic and business conditions in the regions where the Company provides its solutions and services. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission.All information provided in this press release is as of the date of this press release, and Ambow undertakes no duty to update such information, except as required under applicable law. For investor and media inquiries, please contact: Ambow Education Holding Ltd.Tel: +86-10-6206-8000 The Piacente Group | Investor RelationsTel: +1-212-481-2050 or +86-10-6508-0677E-mail: [emailprotected] AMBOW EDUCATION HOLDING LTD. UNAUDITED CONSOLIDATED BALANCE SHEETS (All amounts in thousands, except for share and per share data) As of March 31, As of December 31, 2020 2019 US$ RMB RMB ASSETS Current assets: Cash and cash equivalents 14,210 100,619 157,600 Restricted cash 2,001 14,170 - Short term investments, available for sale 14,785 104,692 57,487 Short term investments, held to maturity 1,412 10,000 31,000 Accounts receivable, net 3,174 22,472 17,939 Amounts due from related parties 317 2,246 2,318 Prepaid and other current assets, net 22,542 159,618 133,296 Total current assets 58,441 413,817 399,640 Non-current assets: Property and equipment, net 21,976 155,606 157,463 Land use rights, net 247 1,748 1,759 Intangible assets, net 8,695 61,567 56,607 Goodwill 8,659 61,313 60,353 Deferred tax assets, net 538 3,811 10,195 Operating lease right-of-use asset 42,809 303,120 257,361 Finance lease right-of-use asset 890 6,300 6,450 Other non-current assets, net 11,900 84,261 70,971 Total non-current assets 95,714 677,726 621,159 Total assets 154,155 1,091,543 1,020,799 LIABILITIES Current liabilities: Deferred revenue * 23,858 168,933 165,111 Accounts payable * 1,781 12,615 14,718 Accrued and other liabilities * 28,059 198,681 192,957 Income taxes payable, current * 26,507 187,691 180,715 Amounts due to related parties * 278 1,971 1,971 Operating lease liability, current * 8,018 56,774 53,512 Total current liabilities 88,501 626,665 608,984 Non-current liabilities: Income taxes payable, non-current * 4,564 32,315 32,152 Operating lease liability, non-current * 37,158 263,109 216,067 Total non-current liabilities 41,722 295,424 248,219 Total liabilities 130,223 922,089 857,203 EQUITY Preferred shares (US$0.003 par value;1,666,667 shares authorized, nil issued and outstanding as ofDecember31, 2019 and March 31, 2020) - - - Class A Ordinary shares (US$0.003 par value; 66,666,667 and66,666,667 shares authorized, 38,858,199 and 38,870,699 shares issued and outstanding as of December31, 2019and March 31, 2020, respectively) 103 730 730 Class C Ordinary shares (US$0.003 par value; 8,333,333 and 8,333,333 shares authorized, 4,708,415 and 4,708,415 shares issued and outstanding as of December31, 2019and March 31, 2020, respectively) 13 90 90 Additional paid-in capital 495,563 3,508,983 3,508,745 Statutory reserve 2,851 20,185 20,185 Accumulated deficit (475,422) (3,366,370) (3,371,815) Accumulated other comprehensive income 978 6,928 6,341 Total Ambow Education Holding Ltd.'s equity 24,086 170,546 164,276 Non-controlling interests (154) (1,092) (680) Total equity 23,932 169,454 163,596 Total liabilities and equity 154,155 1,091,543 1,020,799 * All of the VIE's assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets. AMBOW EDUCATION HOLDING LTD. UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (All amounts in thousands, except for share and per share data) For the three months ended March 31, 2020 2020 2019 US$ RMB RMB NET REVENUES Educational program and services 12,748 90,267 118,185 Intelligent program and services 2 12 461 Total net revenues 12,750 90,279 118,646 COST OF REVENUES Educational program and services (10,936) (77,433) (78,197) Intelligent program and services (183) (1,298) (1,858) Total cost of revenues (11,119) (78,731) (80,055) GROSS PROFIT 1,631 11,548 38,591 Operating expenses: Selling and marketing (1,490) (10,549) (14,088) General and administrative (5,536) (39,201) (45,618) Research and development (160) (1,131) (168) Total operating expenses (7,186) (50,881) (59,874) OPERATING LOSS (5,555) (39,333) (21,283) OTHER INCOME (EXPENSES) Interest income 281 1,990 388 Foreign exchange gain (loss), net 4 26 (31) Other income, net 199 1,406 660 Gain from deregistration of subsidiaries - - 1,279 Gain on the bargain purchase 5,688 40,273 - Gain on sale of investment available for sale 74 526 279 Total other income 6,246 44,221 2,575 INCOME (LOSS) BEFORE INCOME TAX ANDNON-CONTROLLING INTEREST 691 4,888 (18,708) Income tax benefit (expense) 104 739 (5,141) NET INCOME (LOSS) 795 5,627 (23,849) Less: Net loss attributable to non-controlling interest (58) (412) (93) NET INCOME (LOSS) ATTRIBUTABLE TOORDINARY SHAREHOLDERS 853 6,039 (23,756) NET INCOME (LOSS) 795 5,627 (23,849) OTHER COMPREHENSIVE INCOME, NET OF TAX Foreign currency translation adjustments 61 433 (2,428) Unrealized gainson short term investments Unrealized holding gains arising during period 62 441 280 Less: reclassification adjustment for gainsincluded in net income 41 287 205 Other comprehensive income/(loss) 83 587 (2,353) TOTAL COMPREHENSIVE INCOME LOSS) 878 6,214 (26,202) Net income (loss) per share - basic and diluted 0.02 0.14 (0.55) Weighted average shares used in calculating basic and dilutednet income (loss) per share 43,570,918 43,570,918 43,474,571 AMBOW EDUCATION HOLDING LTD. UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (All amounts in thousands, except for share and per share data) Attributable to Ambow Education Holding Ltd.'s Equity Retained Accumulated Class A Ordinary Class C Ordinary Additional Earnings other Non- shares shares paid-in Statutory (Accumulated comprehensive controlling Total Shares Amount Shares Amount capital reserves deficit) income Interest Equity RMB RMB RMB RMB RMB RMB RMB RMB Balance as of January 1, 2020 38,858,199 730 4,708,415 90 3,508,745 20,185 (3,372,409) 6,341 (680) 163,002 Share-based compensation - - - - 238 - - - - 238 Issuance of ordinary shares for restricted stock award 12,500 0 - - (0) - - - - - Foreign currency translation adjustment - - - - - - - 433 - 433 Unrealized gain on investment, net of income taxes - - - - - - - 154 - 154 Net income/(loss) - - - - - - 6,039 - (412) 5,627 Balance as of March31, 2020 38,870,699 730 4,708,415 90 3,508,983 20,185 (3,366,370) 6,928 (1,092) 169,454 Balance as of January 1, 2019 38,756,289 728 4,708,415 90 3,507,123 20,149 (3,271,838) 8,305 (1,786) 262,771 Share-based compensation - - - - 872 - - - - 872 Issuance of ordinary shares for restricted stock award 28,646 1 - - (1) - - - - - Foreign currency translation adjustment - - - - - - - (2,428) - (2,428) Unrealized gain oninvestment, net of income taxes - - - - - - - 75 - 75 Net loss - - - - - - (23,756) - (93) (23,849) Balance as of March31, 2019 38,784,935 729 4,708,415 90 3,507,994 20,149 (3,295,594) 5,952 (1,879) 237,441 Discussion of Segment Operations (All amounts in thousands) For the three months ended March 31, 2020 2020 2019 US$ RMB RMB (All amounts in thousands) NET REVENUES K-12 Schools 5,849 41,411 63,793 CP&CE Programs 6,901 48,868 54,853 Total net revenues 12,750 90,279 118,646 COST OF REVENUES K-12 Schools (4,721) (33,429) (42,296) CP&CE Programs (6,398) (45,302) (37,759) Total cost of revenues (11,119) (78,731) (80,055) GROSS PROFIT K-12 Schools 1,128 7,982 21,497 CP&CE Programs 503 3,566 17,094 Total gross profit 1,631 11,548 38,591 SOURCE Ambow Education Holding Ltd. Related Links www.ambow.com |
edtsum551 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: LOS ANGELES, May 12, 2020 /PRNewswire/ --Wedbush Securities is pleased to announce the appointment of Michael ("Mike") McMaster, Esq., as its Senior Vice President and Chief Compliance Officer (*"CCO"). In this role Mike will be responsible for the compliance oversight function, as well as serving as a liaison for the firm on compliance matters with its regulators, including FINRA, the SEC, and the NYSE. Mike will be based in the firm's Los Angeles headquarters, reporting to Andrew Druch, Esq., Executive Vice President, General Counsel and Chief Administrative Officer. Continue Reading Michael McMaster, Wedbush Securities Mike has 30 years of financial services experience, with more than 22 of those years in a compliance role, and a proven record of managing large scale regulatory and compliance projects. He began his career in the financial industry as a mortgage-backed securities trader. After graduating from law school, he was named a Kings County (Brooklyn, NY) Assistant District Attorney. He then returned to the financial industry, most recently as CCO with BNY Mellon's Capital Markets and Clearance and Collateral Management Divisions and previously as CCO for Libra Securities and as CCO and Counsel with Rabobank's broker/dealer unit. "I'm very excited to join the Wedbush team and I look forward to providing advice and guidance on the regulatory landscape as the business expands," stated Mike McMaster. Andrew Druch adds, "Mike has an impeccable career as a CCO, and his knowledge of securities law and regulations is unparalleled. We are thrilled to have him joining Wedbush and overseeing compliance."Mike received his undergraduate degree in Finance from Manhattan College and his Juris Doctorate from New York Law School. Mike is also an adjunct professor at New York Law School and is the founding Chairman of the Compliance Committee for the New York City Bar Association.As Chairman, Mike was instrumental in development and the ultimate publishing of the committee's inaugural white paper on CCO Liability. Mike is also a published co-author of a book entitled, Governance, Compliance and Supervision in the Capital Markets.About Wedbush SecuritiesSince our founding in 1955, Wedbush has been a leader in the financial services industry, providing our clients, both private and institutional, with a wide range of securities brokerage, wealth management, and investment banking services; Headquartered inLos Angeles, Californiawith 100 registered offices and nearly 900 colleagues, the firm focuses on client service and financial safety, innovation, and the utilization of advanced technology.Follow Us:Wedbush TwitterWedbush LinkedIn SOURCE Wedbush Securities Related Links http://www.wedbush.com
Answer: | Wedbush Securities Welcomes Compliance Veteran Michael McMaster, Esq. as Senior Vice President and Chief Compliance Officer | LOS ANGELES, May 12, 2020 /PRNewswire/ --Wedbush Securities is pleased to announce the appointment of Michael ("Mike") McMaster, Esq., as its Senior Vice President and Chief Compliance Officer (*"CCO"). In this role Mike will be responsible for the compliance oversight function, as well as serving as a liaison for the firm on compliance matters with its regulators, including FINRA, the SEC, and the NYSE. Mike will be based in the firm's Los Angeles headquarters, reporting to Andrew Druch, Esq., Executive Vice President, General Counsel and Chief Administrative Officer. Continue Reading Michael McMaster, Wedbush Securities Mike has 30 years of financial services experience, with more than 22 of those years in a compliance role, and a proven record of managing large scale regulatory and compliance projects. He began his career in the financial industry as a mortgage-backed securities trader. After graduating from law school, he was named a Kings County (Brooklyn, NY) Assistant District Attorney. He then returned to the financial industry, most recently as CCO with BNY Mellon's Capital Markets and Clearance and Collateral Management Divisions and previously as CCO for Libra Securities and as CCO and Counsel with Rabobank's broker/dealer unit. "I'm very excited to join the Wedbush team and I look forward to providing advice and guidance on the regulatory landscape as the business expands," stated Mike McMaster. Andrew Druch adds, "Mike has an impeccable career as a CCO, and his knowledge of securities law and regulations is unparalleled. We are thrilled to have him joining Wedbush and overseeing compliance."Mike received his undergraduate degree in Finance from Manhattan College and his Juris Doctorate from New York Law School. Mike is also an adjunct professor at New York Law School and is the founding Chairman of the Compliance Committee for the New York City Bar Association.As Chairman, Mike was instrumental in development and the ultimate publishing of the committee's inaugural white paper on CCO Liability. Mike is also a published co-author of a book entitled, Governance, Compliance and Supervision in the Capital Markets.About Wedbush SecuritiesSince our founding in 1955, Wedbush has been a leader in the financial services industry, providing our clients, both private and institutional, with a wide range of securities brokerage, wealth management, and investment banking services; Headquartered inLos Angeles, Californiawith 100 registered offices and nearly 900 colleagues, the firm focuses on client service and financial safety, innovation, and the utilization of advanced technology.Follow Us:Wedbush TwitterWedbush LinkedIn SOURCE Wedbush Securities Related Links http://www.wedbush.com |
edtsum552 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK--(BUSINESS WIRE)--IPG Mediabrands today announced the launch of TRAVERSE32, an independent development and entertainment company aimed at connecting film and television audiences with the worlds most highly influential brands and creators. TRAVERSE32 Co-Founder Brendan Gaul, Mediabrands recently appointed first-ever Global Chief Content Officer, will simultaneously serve as its Global President. The groundbreaking new global entity will focus on the development, production and distribution of entertainment vehicles, enabling brands to utilize the art and power of storytelling in unprecedented ways. Flipping the script on traditionally branded media, TRAVERSE32 will make it possible for companies to create, develop, and co-produce relevant mainstream film and television content akin to Mediabrands UM Studios critically-acclaimed new project, DEAR SANTA, distributed by IFC, which was just released in select theaters nationwide and available on Video on Demand. As audience loyalty moves away from traditional media networks in favor of individual high-quality content, were launching TRAVERSE32 to help creators and brands collaborate directly, said Gaul. Our goal is to open the door for brands to participate in the monetization of what they create, while also giving them meaningful opportunities to interact with consumer audiences as they never have before. Through TRAVERSE32, we look forward to successfully reinventing the entertainment model by bridging the gap between media and storytelling in new and innovative ways. Gaul will be responsible for creative development, acquisitions, and distribution of original narrative and unscripted projects for the company. He will be joined by longtime producing partner Brett Henenberg who also serves as Co-Founder and Global Head of Production for TRAVERSE32. Upcoming projects from TRAVERSE32 include a narrative feature film, multiple documentaries and scripted/non-scripted TV formats. The launch of TRAVERSE32, which comes on the heels of the recent unveiling of Mediabrands Content Studio (MBCS), is the next logical step for Gaul following a series of successful production and acquisition deals under his previous leadership as Chief Content Officer at UM Studios. In addition to DEAR SANTA, other notable projects include the acclaimed documentary, 5B, the first brand-funded film to ever be accepted at the Cannes International Film Festival and distributed by RYOT/Verizon, and the documentary OSO: History of an Icon, which premiered at the San Sebastian Film Festival and is now available on Amazon Prime Video. DEAR SANTA, a heartwarming documentary directed by Dana Nachman (PICK OF THE LITTER, BATKID BEGINS) and produced by Chelsea Matter, Gaul, Christopher Karpenko and Nachman, which has a 90% Fresh Rating on Rotten Tomatoes, shines a light on the 100-year-old Operation Santa Program of the United States Postal Service. Each year, hundreds of thousands of letters to Santa arrive at Post Offices around the country. Through Operation Santa, the United States Postal Service makes it possible for the public to safely adopt these letters and make childrens dreams come true. The film invites audiences along for the magic of this massive endeavor. Traveling the country, much like Santa does on Christmas Eve, the film focuses on select Operation Santa Centers: some in metropolitan areas like the massive operation in New York City and others in small towns where the Post Office is the heart of the community. There has never been more hunger for great content in the world. The launch of TRAVERSE32 comes at the perfect time when brands, creators and film distributors are looking to forge whole new working relationships to meet this demand, said Daryl Lee, Global CEO, Mediabrands. Brendan and Brett have been pioneers in the original content development space and have the expertise to create the most compelling and commercially successful stories for brands. Dear Santa, a documentary created to share the giving spirit created through the USPS Operation Santa program, has resulted in a brand connection that traditional advertising and media struggles to deliver, said Christopher Karpenko, Executive Director of Brand Marketing for the United States Postal Service. Brendan and Brett are experts in this space and through their leadership we created a film that has been critically well-received, emotionally connects with audiences, and reinforces the USPS goal mission of binding the nation. Brendan and Brett have been able to develop projects that actually work for distributors, which is not so easy, said Josh Braun, who represented DEAR SANTA for Submarine Entertainment. The fact that a project received some brand funding doesnt matter when the end result is high quality entertainment that doesnt smell like a commercial. To learn more about TRAVERSE32 please visit https://traverse32.com/. ABOUT MEDIABRANDS: Mediabrands is the media and marketing solutions division of Interpublic Group (NYSE: IPG). Mediabrands manages approximately $40 billion in marketing investment globally on behalf of its clients across its full-service agency networks UM and Initiative and through its award-winning specialty business units Reprise, MAGNA, Orion Holdings, Rapport, Healix and the IPG Media Lab. Mediabrands clients include many of the worlds most recognizable and iconic brands from a broad portfolio of industry sectors including automotive, personal finance, consumer product goods (CPG), pharma, health and wellness, entertainment, financial services, energy, toys and gaming, direct to consumer and e-commerce, retail, hospitality, food and beverage, fashion and beauty. The company employs more than 13,000 diverse marketing communication professionals in more than 130 countries. For more information, please visit our website: www.ipgmediabrands.com and be sure to follow us on Twitter or Instagram.
Answer: | IPG Mediabrands Launches TRAVERSE32, New Independent Development and Entertainment Company Mediabrands Latest Entertainment Industry Expansion Follows Theatrical and VOD Release of UM Studios Family Christmas Documentary, DEAR SANTA | NEW YORK--(BUSINESS WIRE)--IPG Mediabrands today announced the launch of TRAVERSE32, an independent development and entertainment company aimed at connecting film and television audiences with the worlds most highly influential brands and creators. TRAVERSE32 Co-Founder Brendan Gaul, Mediabrands recently appointed first-ever Global Chief Content Officer, will simultaneously serve as its Global President. The groundbreaking new global entity will focus on the development, production and distribution of entertainment vehicles, enabling brands to utilize the art and power of storytelling in unprecedented ways. Flipping the script on traditionally branded media, TRAVERSE32 will make it possible for companies to create, develop, and co-produce relevant mainstream film and television content akin to Mediabrands UM Studios critically-acclaimed new project, DEAR SANTA, distributed by IFC, which was just released in select theaters nationwide and available on Video on Demand. As audience loyalty moves away from traditional media networks in favor of individual high-quality content, were launching TRAVERSE32 to help creators and brands collaborate directly, said Gaul. Our goal is to open the door for brands to participate in the monetization of what they create, while also giving them meaningful opportunities to interact with consumer audiences as they never have before. Through TRAVERSE32, we look forward to successfully reinventing the entertainment model by bridging the gap between media and storytelling in new and innovative ways. Gaul will be responsible for creative development, acquisitions, and distribution of original narrative and unscripted projects for the company. He will be joined by longtime producing partner Brett Henenberg who also serves as Co-Founder and Global Head of Production for TRAVERSE32. Upcoming projects from TRAVERSE32 include a narrative feature film, multiple documentaries and scripted/non-scripted TV formats. The launch of TRAVERSE32, which comes on the heels of the recent unveiling of Mediabrands Content Studio (MBCS), is the next logical step for Gaul following a series of successful production and acquisition deals under his previous leadership as Chief Content Officer at UM Studios. In addition to DEAR SANTA, other notable projects include the acclaimed documentary, 5B, the first brand-funded film to ever be accepted at the Cannes International Film Festival and distributed by RYOT/Verizon, and the documentary OSO: History of an Icon, which premiered at the San Sebastian Film Festival and is now available on Amazon Prime Video. DEAR SANTA, a heartwarming documentary directed by Dana Nachman (PICK OF THE LITTER, BATKID BEGINS) and produced by Chelsea Matter, Gaul, Christopher Karpenko and Nachman, which has a 90% Fresh Rating on Rotten Tomatoes, shines a light on the 100-year-old Operation Santa Program of the United States Postal Service. Each year, hundreds of thousands of letters to Santa arrive at Post Offices around the country. Through Operation Santa, the United States Postal Service makes it possible for the public to safely adopt these letters and make childrens dreams come true. The film invites audiences along for the magic of this massive endeavor. Traveling the country, much like Santa does on Christmas Eve, the film focuses on select Operation Santa Centers: some in metropolitan areas like the massive operation in New York City and others in small towns where the Post Office is the heart of the community. There has never been more hunger for great content in the world. The launch of TRAVERSE32 comes at the perfect time when brands, creators and film distributors are looking to forge whole new working relationships to meet this demand, said Daryl Lee, Global CEO, Mediabrands. Brendan and Brett have been pioneers in the original content development space and have the expertise to create the most compelling and commercially successful stories for brands. Dear Santa, a documentary created to share the giving spirit created through the USPS Operation Santa program, has resulted in a brand connection that traditional advertising and media struggles to deliver, said Christopher Karpenko, Executive Director of Brand Marketing for the United States Postal Service. Brendan and Brett are experts in this space and through their leadership we created a film that has been critically well-received, emotionally connects with audiences, and reinforces the USPS goal mission of binding the nation. Brendan and Brett have been able to develop projects that actually work for distributors, which is not so easy, said Josh Braun, who represented DEAR SANTA for Submarine Entertainment. The fact that a project received some brand funding doesnt matter when the end result is high quality entertainment that doesnt smell like a commercial. To learn more about TRAVERSE32 please visit https://traverse32.com/. ABOUT MEDIABRANDS: Mediabrands is the media and marketing solutions division of Interpublic Group (NYSE: IPG). Mediabrands manages approximately $40 billion in marketing investment globally on behalf of its clients across its full-service agency networks UM and Initiative and through its award-winning specialty business units Reprise, MAGNA, Orion Holdings, Rapport, Healix and the IPG Media Lab. Mediabrands clients include many of the worlds most recognizable and iconic brands from a broad portfolio of industry sectors including automotive, personal finance, consumer product goods (CPG), pharma, health and wellness, entertainment, financial services, energy, toys and gaming, direct to consumer and e-commerce, retail, hospitality, food and beverage, fashion and beauty. The company employs more than 13,000 diverse marketing communication professionals in more than 130 countries. For more information, please visit our website: www.ipgmediabrands.com and be sure to follow us on Twitter or Instagram. |
edtsum553 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, Oct. 27, 2020 /PRNewswire/ --The Branded Content Project, an initiative by the Local Media Consortium, Local Media Association and Facebook Journalism Project, today released the results of a report on content marketing in collaboration with Borrell Associates Inc., which found that, despite the effect Covid-19 had on businesses, content marketing remained relatively steady and is projected to be more of a priority in 2021. With expenditures on advertising falling by double-digit percentages in 2020, the report,"Sizing the Content Marketing Opportunity," projects that theamount spent on content marketing will be down just 1.5%, to $63.3 billion. The decline is due almost wholly to the retraction of marketing activity in a few dozen categories that have been hit hardest by the pandemic. Travel/tourism, live entertainment, sporting events, clothing, and recreation have reduced content marketing expenditures an average of 19% due to business slowdowns or shutdowns. Content marketing has increasingly become a popular option for advertising for businesses, including small businesses. According to a Borrell Associates' October 2020 SMB panel on content marketing, 46% of small businesses said they used branded content in some form; 45% said it had become more of a priority in 2020; and 56% said it would be more of a priority in 2021. "Sizing the Content Marketing Opportunity" measured how vast the content marketing space is, what types of media benefit most and what kind of businesses are most inclined to utilize it and at what rates. Additional highlights from the report include: Other industry categories have increased spending between 5% and 9%. They include many that are compelled to educate and inform the public: mental health services, insurance medical doctors, colleges & universities, financial services, and two of the biggest content marketing spenders real estate agents and city, state, and local governments. Digital platforms are the biggest magnet for content marketing for digital's ability to "go deep" on content without the added expense of buying more airtime or print space. Digitally placed content marketing accounts for two-thirds of all spending. The next-largest media categories are television and direct mail. The $63.3 billion estimate for 2020 is conservative when you consider internal costs that businesses incur to generate and distribute content without outside assistance. The top five spending categories revolve around credit and finance, telecom, real estate and automotive. In 2019, the LMC, LMA and the Facebook Journalism Project launched the Branded Content Project, an initiative developed to give local media organizations the opportunity to define, develop and grow branded content revenue strategies.As it prepared to expand the next phase of the Branded Content Project,the groupengaged Borrell Associates to measure and analyze the business of content marketing. "Following the success of our Branded Content Project, we wanted to see whether content marketing was still making an impact for local media during the pandemic, particularly as the industry has been hit especially hard by Covid-19," said Julia Campbell, General Manager of The Branded Content Project. "We were pleased to see that content marketing has remained fairly steady and will remain a revenue-generating opportunity for local media companies as we move into the new year." The LMC and the LMA launched The Branded Content Project in March 2019 witha $1M investment from the Facebook Journalism Project. With participation by 35 media outlets, the project generated $24M in local revenue. Last month, the LMC and the LMA announced a second phase of The Branded Content Project, a full-service branded content product development, content creation, education, distribution and monetization resource for local publishers. It offers shared services, training, tools and technology to media organizations interested in creating or growing a branded content initiative. Media outlets can visit BrandedContentProject.comtopreview ten52-weekbranded content seriescategories, such as Women's Wellness or Home Sweet Home,in a recently launched storefront. This new e-commerce platform, powered by Distributed Media Lab, provides a marketplace for local media companies to easily access branded content campaign creative assets, sales kits and distribution options, plus training and best practices.Additional content will be available early next year. To review the Borrell Associates' full report and the methodology used, visitbrandedcontentproject.com. A webinar examining the data will be presented on Nov. 12 from 12 - 12:45 p.m. ET. Registration is available at this link:https://register.gotowebinar.com/register/2427959579038023181 About The Local Media Consortium The Local Media Consortium delivers economic value through strategic partnerships on behalf of nearly 90 local media companies in top markets across the United States, Canada and Puerto Rico, and includes more than 4,500 outlets. By harnessing the combined volume and scale of its members, the LMC reduces costs and increases revenue with technology and service providers like Google, Facebook, Monster and others. The aggregated LMC audience footprint spans 200 million unique monthly visitors and its member companies serve more than 6 billion pageviews to consumers. In addition to The Branded Content Project, the LMC has launched several groundbreaking initiatives including the first ever privacy protocol for publishers, theLocal News Advertising Inclusion ListandThe Matchup, a collaborative online sports platform. More information is available athttp://www.localmediaconsortium.com/. About Local Media Association Local Media Association (https://www.localmedia.org/) is a thriving and innovative organizationthat is intensely focused on discovering new and sustainable business models that will support local news. LMA's innovation engine, Accelerate Local, launched six initiatives in 2019 with 50 different media partners including a digital transformation lab for black publishers. Three new projects have been launched so far in 2020, including the COVID-19 local news fund, and two news collaboratives the Oklahoma Media Center and a yet-to-be-named effort in Chicago. Local Media Foundation is the association's 501(c)(3) charitable trust that supports the essential role of local news and information in a healthy democracy. About the Facebook Journalism Project Created in January 2017, the Facebook Journalism Project (FJP) exists to establish stronger ties between Facebook and the news industry. FJP works to ensure quality journalism thrives by unlocking and adding value through new products, partnerships with the news industry and specific FJP programs. FJP works in three ways: collaborative development of new products; providing tools and trainings for journalists; and providing tools and trainings for people. www.facebookjournalismproject.com About Borrell Associates, Inc. Borrell is the premiere provider of local advertising data and insights. The company's client base includes thousands of investors, ad agencies, and media companies looking for detailed ad-spending data, fact-based consultation, and unique insights. Borrell runs the largest survey of local advertisers in the nation and tracks and forecasts local ad spending across any U.S. market. Its principal product is Compass, which can be seen at www.adspending.com. CONTACT: Christina Gillham, [emailprotected] OR Kristin Brocoff, [emailprotected], 949-400-4899 SOURCE The Branded Content Project Related Links http://www.brandedcontentproject.com
Answer: | Branded Content Project Releases Research on State of Content Marketing in 2020 Data by Borrell Associates shows that, in spite of challenging times, branded content remained steady | NEW YORK, Oct. 27, 2020 /PRNewswire/ --The Branded Content Project, an initiative by the Local Media Consortium, Local Media Association and Facebook Journalism Project, today released the results of a report on content marketing in collaboration with Borrell Associates Inc., which found that, despite the effect Covid-19 had on businesses, content marketing remained relatively steady and is projected to be more of a priority in 2021. With expenditures on advertising falling by double-digit percentages in 2020, the report,"Sizing the Content Marketing Opportunity," projects that theamount spent on content marketing will be down just 1.5%, to $63.3 billion. The decline is due almost wholly to the retraction of marketing activity in a few dozen categories that have been hit hardest by the pandemic. Travel/tourism, live entertainment, sporting events, clothing, and recreation have reduced content marketing expenditures an average of 19% due to business slowdowns or shutdowns. Content marketing has increasingly become a popular option for advertising for businesses, including small businesses. According to a Borrell Associates' October 2020 SMB panel on content marketing, 46% of small businesses said they used branded content in some form; 45% said it had become more of a priority in 2020; and 56% said it would be more of a priority in 2021. "Sizing the Content Marketing Opportunity" measured how vast the content marketing space is, what types of media benefit most and what kind of businesses are most inclined to utilize it and at what rates. Additional highlights from the report include: Other industry categories have increased spending between 5% and 9%. They include many that are compelled to educate and inform the public: mental health services, insurance medical doctors, colleges & universities, financial services, and two of the biggest content marketing spenders real estate agents and city, state, and local governments. Digital platforms are the biggest magnet for content marketing for digital's ability to "go deep" on content without the added expense of buying more airtime or print space. Digitally placed content marketing accounts for two-thirds of all spending. The next-largest media categories are television and direct mail. The $63.3 billion estimate for 2020 is conservative when you consider internal costs that businesses incur to generate and distribute content without outside assistance. The top five spending categories revolve around credit and finance, telecom, real estate and automotive. In 2019, the LMC, LMA and the Facebook Journalism Project launched the Branded Content Project, an initiative developed to give local media organizations the opportunity to define, develop and grow branded content revenue strategies.As it prepared to expand the next phase of the Branded Content Project,the groupengaged Borrell Associates to measure and analyze the business of content marketing. "Following the success of our Branded Content Project, we wanted to see whether content marketing was still making an impact for local media during the pandemic, particularly as the industry has been hit especially hard by Covid-19," said Julia Campbell, General Manager of The Branded Content Project. "We were pleased to see that content marketing has remained fairly steady and will remain a revenue-generating opportunity for local media companies as we move into the new year." The LMC and the LMA launched The Branded Content Project in March 2019 witha $1M investment from the Facebook Journalism Project. With participation by 35 media outlets, the project generated $24M in local revenue. Last month, the LMC and the LMA announced a second phase of The Branded Content Project, a full-service branded content product development, content creation, education, distribution and monetization resource for local publishers. It offers shared services, training, tools and technology to media organizations interested in creating or growing a branded content initiative. Media outlets can visit BrandedContentProject.comtopreview ten52-weekbranded content seriescategories, such as Women's Wellness or Home Sweet Home,in a recently launched storefront. This new e-commerce platform, powered by Distributed Media Lab, provides a marketplace for local media companies to easily access branded content campaign creative assets, sales kits and distribution options, plus training and best practices.Additional content will be available early next year. To review the Borrell Associates' full report and the methodology used, visitbrandedcontentproject.com. A webinar examining the data will be presented on Nov. 12 from 12 - 12:45 p.m. ET. Registration is available at this link:https://register.gotowebinar.com/register/2427959579038023181 About The Local Media Consortium The Local Media Consortium delivers economic value through strategic partnerships on behalf of nearly 90 local media companies in top markets across the United States, Canada and Puerto Rico, and includes more than 4,500 outlets. By harnessing the combined volume and scale of its members, the LMC reduces costs and increases revenue with technology and service providers like Google, Facebook, Monster and others. The aggregated LMC audience footprint spans 200 million unique monthly visitors and its member companies serve more than 6 billion pageviews to consumers. In addition to The Branded Content Project, the LMC has launched several groundbreaking initiatives including the first ever privacy protocol for publishers, theLocal News Advertising Inclusion ListandThe Matchup, a collaborative online sports platform. More information is available athttp://www.localmediaconsortium.com/. About Local Media Association Local Media Association (https://www.localmedia.org/) is a thriving and innovative organizationthat is intensely focused on discovering new and sustainable business models that will support local news. LMA's innovation engine, Accelerate Local, launched six initiatives in 2019 with 50 different media partners including a digital transformation lab for black publishers. Three new projects have been launched so far in 2020, including the COVID-19 local news fund, and two news collaboratives the Oklahoma Media Center and a yet-to-be-named effort in Chicago. Local Media Foundation is the association's 501(c)(3) charitable trust that supports the essential role of local news and information in a healthy democracy. About the Facebook Journalism Project Created in January 2017, the Facebook Journalism Project (FJP) exists to establish stronger ties between Facebook and the news industry. FJP works to ensure quality journalism thrives by unlocking and adding value through new products, partnerships with the news industry and specific FJP programs. FJP works in three ways: collaborative development of new products; providing tools and trainings for journalists; and providing tools and trainings for people. www.facebookjournalismproject.com About Borrell Associates, Inc. Borrell is the premiere provider of local advertising data and insights. The company's client base includes thousands of investors, ad agencies, and media companies looking for detailed ad-spending data, fact-based consultation, and unique insights. Borrell runs the largest survey of local advertisers in the nation and tracks and forecasts local ad spending across any U.S. market. Its principal product is Compass, which can be seen at www.adspending.com. CONTACT: Christina Gillham, [emailprotected] OR Kristin Brocoff, [emailprotected], 949-400-4899 SOURCE The Branded Content Project Related Links http://www.brandedcontentproject.com |
edtsum554 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: IRVINE, Calif.--(BUSINESS WIRE)--The New Home Company Inc. (NYSE: NWHM) (the Company) today announced that it intends, subject to market conditions, to privately offer $35.0 million in aggregate principal amount of its 7.25% senior notes due 2025 (the 2025 notes) in a tack-on offering (the Offering). The Company intends to use the net proceeds from this offering for general corporate purposes, including land acquisition, investment in new markets and working capital, and to pay fees and expenses in connection with the Offering. The 2025 notes are an additional issuance of our existing 7.25% Senior Notes due 2025 and will be issued under the indenture dated as of October 28, 2020 (the Indenture), pursuant to which we previously issued $250,000,000 in aggregate principal amount of 7.25% Senior Notes due 2025 (the existing 2025 notes). The 2025 notes have identical terms as the existing 2025 notes other than with respect to the date of issuance and issue price. The 2025 notes, together with the existing 2025 notes, will be treated as a single class for all purposes under the Indenture. The 2025 notes will be offered and sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act), and to non-U.S. persons outside the United States in compliance with Regulation S under the Securities Act. The 2025 notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. This press release is neither an offer to sell nor a solicitation of an offer to buy the 2025 notes or any other securities and shall not constitute an offer or a solicitation of an offer to buy, or a sale of, the 2025 notes or any other securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or any jurisdiction. Any offer, if at all, will be made only pursuant to Rule 144A or Regulation S under the Securities Act. Forward-Looking Statements Various statements contained in this press release, including those that express a belief, anticipation, expectation or intention, as well as those that are not statements of historical fact, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (set forth in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended). Any statements contained herein that do not describe historical facts, including but not limited to statements regarding the proposed offering, the anticipated use of proceeds of the offering and the expectations regarding size and timing of completion of the offering, are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those discussed in such forward-looking statements. Such risks and uncertainties include, among others, the risks identified in the Companys filings with the Securities and Exchange Commission, including, but not limited to, the Companys Annual Report on Form 10-K for the year ended December 31, 2020. Any of these risks and uncertainties could materially and adversely affect the Companys results of operations, which would, in turn, have a significant and adverse impact on the Company. The Company cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. The Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date they were made or to reflect the occurrence of unanticipated events.
Answer: | The New Home Company Inc. Announces Proposed Private Tack-On Offering of 7.25% Senior Notes Due 2025 | IRVINE, Calif.--(BUSINESS WIRE)--The New Home Company Inc. (NYSE: NWHM) (the Company) today announced that it intends, subject to market conditions, to privately offer $35.0 million in aggregate principal amount of its 7.25% senior notes due 2025 (the 2025 notes) in a tack-on offering (the Offering). The Company intends to use the net proceeds from this offering for general corporate purposes, including land acquisition, investment in new markets and working capital, and to pay fees and expenses in connection with the Offering. The 2025 notes are an additional issuance of our existing 7.25% Senior Notes due 2025 and will be issued under the indenture dated as of October 28, 2020 (the Indenture), pursuant to which we previously issued $250,000,000 in aggregate principal amount of 7.25% Senior Notes due 2025 (the existing 2025 notes). The 2025 notes have identical terms as the existing 2025 notes other than with respect to the date of issuance and issue price. The 2025 notes, together with the existing 2025 notes, will be treated as a single class for all purposes under the Indenture. The 2025 notes will be offered and sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act), and to non-U.S. persons outside the United States in compliance with Regulation S under the Securities Act. The 2025 notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. This press release is neither an offer to sell nor a solicitation of an offer to buy the 2025 notes or any other securities and shall not constitute an offer or a solicitation of an offer to buy, or a sale of, the 2025 notes or any other securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or any jurisdiction. Any offer, if at all, will be made only pursuant to Rule 144A or Regulation S under the Securities Act. Forward-Looking Statements Various statements contained in this press release, including those that express a belief, anticipation, expectation or intention, as well as those that are not statements of historical fact, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (set forth in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended). Any statements contained herein that do not describe historical facts, including but not limited to statements regarding the proposed offering, the anticipated use of proceeds of the offering and the expectations regarding size and timing of completion of the offering, are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those discussed in such forward-looking statements. Such risks and uncertainties include, among others, the risks identified in the Companys filings with the Securities and Exchange Commission, including, but not limited to, the Companys Annual Report on Form 10-K for the year ended December 31, 2020. Any of these risks and uncertainties could materially and adversely affect the Companys results of operations, which would, in turn, have a significant and adverse impact on the Company. The Company cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. The Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date they were made or to reflect the occurrence of unanticipated events. |
edtsum555 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: TORONTO, July 28, 2020 /PRNewswire/ --Fearless Films, Inc. ("Company") (OTC: FERL)is pleased to announce that it has completed an agreement to acquire In the Lair, another significant addition to the company's growing library of media titles. In the Lair was written and directed by Goran Kalezic. The movie was exhibited at the Venice Film Festival in an abbreviated form as "The Calling". Goran Kalezic is a writer and director, known for The Great Chameleon (2012), The Bartender (2005) voted audience favourite at Indyfest, Bag the Wolf (2000) and Only Minutes (1998). He is also the author of Dostoevsky's Anarchists: A Screenplay Adaptation of Dostoevsky's Demons (2018). In the Lair is a full-length horror film about an abduction by a devious predator. Its cast includes Joshua Close, known for his work on Kill the Messenger (2014), Diary of the Dead (2007), The Day the Earth Stood Still (2008),and The Exorcism of Emily Rose (2005); Megan Vincent, known for her roles in Possessor (2020), Killer Prom (2020) and The Kennedys (2011); and Lazar Rockwood, known for Antigone (2012) and Witchblade (2000 and 2001). The Company has agreed to acquire the film in an all-stock transaction. The purchase price was not revealed. The transaction is expected to close during the third quarter of 2020. The film will join The Great Chameleon, The Lunatic, and Only Minutes as part of the Company's growing content library and complements the company's strategy of building an inventory of high-quality films that will be supplemented with new in-house productions. Victor Altomare, CEO of the wholly-owned operating division, founder and creative lead for Fearless Films, Inc. stated "Fearless Films is about high-quality productions and entertainment. When we acquired Only Minutes, we asked if In the Lair might also be available for purchase by the Company; we are gratified to have the opportunity to acquire it. It is a fantastic addition to our growing library of quality films." About Fearless Films, Inc.Fearless Films, Inc. is an independent full-service production Company founded by award-winning actor/ producer Victor Altomare along with award-winning writer and director Goran Kalezic. The service scope specializes in short film and feature film production in addition to script writing, copywriting, fulfillment and distribution. The Company trades on the OTCQB tier of the OTC market. Investors can find stock price quotes and market Information for the Company on: http://www.otcmarkets.com/ Visit us at: www.fearlessent.com Forward-Looking Statements:This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating to our growth strategy and product development programs and any other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated are: risks related to our growth strategy; risks relating to the results of film development activities; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; uncertainties relating to audience acceptance of our entertainment products, our dependence on third-party suppliers; our ability to attract, integrate, and retain key personnel; the early stage of our business development; our need for substantial additional funds; government regulation; patent and intellectual property matters; competition; as well as other risks described in our SEC filings. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law. SOURCE Fearless Films, Inc. Related Links http://www.fearlessent.com
Answer: | Fearless Films Acquires Another Film from Award-Winning Producer | TORONTO, July 28, 2020 /PRNewswire/ --Fearless Films, Inc. ("Company") (OTC: FERL)is pleased to announce that it has completed an agreement to acquire In the Lair, another significant addition to the company's growing library of media titles. In the Lair was written and directed by Goran Kalezic. The movie was exhibited at the Venice Film Festival in an abbreviated form as "The Calling". Goran Kalezic is a writer and director, known for The Great Chameleon (2012), The Bartender (2005) voted audience favourite at Indyfest, Bag the Wolf (2000) and Only Minutes (1998). He is also the author of Dostoevsky's Anarchists: A Screenplay Adaptation of Dostoevsky's Demons (2018). In the Lair is a full-length horror film about an abduction by a devious predator. Its cast includes Joshua Close, known for his work on Kill the Messenger (2014), Diary of the Dead (2007), The Day the Earth Stood Still (2008),and The Exorcism of Emily Rose (2005); Megan Vincent, known for her roles in Possessor (2020), Killer Prom (2020) and The Kennedys (2011); and Lazar Rockwood, known for Antigone (2012) and Witchblade (2000 and 2001). The Company has agreed to acquire the film in an all-stock transaction. The purchase price was not revealed. The transaction is expected to close during the third quarter of 2020. The film will join The Great Chameleon, The Lunatic, and Only Minutes as part of the Company's growing content library and complements the company's strategy of building an inventory of high-quality films that will be supplemented with new in-house productions. Victor Altomare, CEO of the wholly-owned operating division, founder and creative lead for Fearless Films, Inc. stated "Fearless Films is about high-quality productions and entertainment. When we acquired Only Minutes, we asked if In the Lair might also be available for purchase by the Company; we are gratified to have the opportunity to acquire it. It is a fantastic addition to our growing library of quality films." About Fearless Films, Inc.Fearless Films, Inc. is an independent full-service production Company founded by award-winning actor/ producer Victor Altomare along with award-winning writer and director Goran Kalezic. The service scope specializes in short film and feature film production in addition to script writing, copywriting, fulfillment and distribution. The Company trades on the OTCQB tier of the OTC market. Investors can find stock price quotes and market Information for the Company on: http://www.otcmarkets.com/ Visit us at: www.fearlessent.com Forward-Looking Statements:This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating to our growth strategy and product development programs and any other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated are: risks related to our growth strategy; risks relating to the results of film development activities; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; uncertainties relating to audience acceptance of our entertainment products, our dependence on third-party suppliers; our ability to attract, integrate, and retain key personnel; the early stage of our business development; our need for substantial additional funds; government regulation; patent and intellectual property matters; competition; as well as other risks described in our SEC filings. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law. SOURCE Fearless Films, Inc. Related Links http://www.fearlessent.com |
edtsum556 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: PALO ALTO, Calif.--(BUSINESS WIRE)--BitGo, the leader in digital asset financial services, announced today that it has launched the first institutional-grade wallet solution, providing on-chain, multi-signature security for Hederas HBAR token through its affiliate BitGo Inc. Additionally, BitGo Trust will provide insured, cold storage custody solutions for Hedera. The onboarding of Hedera brings BitGo to over 300 coins and tokens, making it the largest collection of digital assets available on the market today. BitGo enables businesses to integrate digital assets into their portfolios securely and at scale with 100% multi-signature technology. BitGo pioneered multi-signature security in 2013, and since then, it has become an industry standard for security of digital wallets. Multi-signature is an open source protocol, and has been through thorough testing and evaluation by the security community. Multi-signature makes use of distinct private keys specifically assigned to individuals for increased accountability, transparency and security not available through other technologies. BitGo is providing institutional investors a way to store and secure the latest and most innovative digital assets available on the market today with a single, seamless, unified wallet platform, said Pete Najarian, Chief Revenue Officer, BitGo. Our technical teams work closely with the development teams of emerging digital asset companies like Hedera to develop their first multi-signature institutional grade wallets. In the future we look forward to supporting asset issuers in the Hedera ecosystem as well. Hedera Hashgraph is a public distributed ledger for building decentralized applications, and aims to resolve four fundamental issues preventing mainstream market adoption of public blockchain and other decentralized ledger technologyperformance, security, stability, and governance. HBAR is the native cryptocurrency of the Hedera public network. Hbars are used to power decentralized applications, build peer-to-peer payment and micropayment business models, and protect the network from malicious actors. BitGos custody solutions are trusted by leading institutions and exchanges globally. We are pleased that they have chosen to offer multi-sig wallet and custodial services for HBAR, further expanding our ecosystem and the ability for organizations to use HBAR to conduct transactions globally, said Azeem Malik, VP of Global Business Development for Hedera. About Hedera Hedera is a decentralized public network on which developers can build secure, fair applications with near real-time finality. The platform is owned and governed by a council of the world's leading organizations including Avery Dennison, Boeing, Dentons, Deutsche Telekom, DLA Piper, FIS (WorldPay), Google, IBM, LG Electronics, Magalu, Nomura, Swirlds, Tata Communications, University College London (UCL), Wipro, and Zain Group. For more information, visit www.hedera.com, or follow us on Twitter at @hashgraph, Telegram at t.me/hederahashgraph, or Discord at www.hedera.com/discord. The Hedera whitepaper can be found at www.hedera.com/papers. About BitGo BitGo is the leader in digital asset financial services, providing institutional investors with liquidity, custody, and security solutions. In 2020, BitGo launched Prime Trading and Lending, as well as BitGo Portfolio and Tax, providing clients with a full-stack solution for digital assets. In 2018, it launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets. BitGo processes over 20% of all global Bitcoin transactions, and supports over 300 coins and tokens. BitGos customer base includes the world's largest cryptocurrency exchanges and institutional investors and spans more than 50 countries. BitGo is backed by Goldman Sachs, Craft Ventures, Digital Currency Group, DRW, Galaxy Digital Ventures, Redpoint Ventures, and Valor Equity Partners. For more information, please visit https://bitgo.com. Disclosures The information in this press release is not an offer to sell or solicitation of an offer to buy an interest in any investment or for the provision of any investment management or advisory services. Custody services are offered through BitGo Trust Company, a South Dakota chartered trust company. BitGo is not registered with the SEC as an investment advisor or custodian, and does not offer legal, tax, investment, or other advice. Digital asset holdings involve a high degree of risk, and can fluctuate greatly on any given day. Accordingly, your digital asset holdings may be subject to large swings in value and may even become worthless. Please consult your legal/tax/investment professional for questions about your specific circumstances. BitGo Trust Company, BitGo Inc., and BitGo Prime LLC are separately operated, wholly-owned subsidiaries of BitGo Holdings, Inc., a Delaware corporation headquartered in Palo Alto, CA.
Answer: | BitGo Provides First Multi-Signature Wallet Technology for Hederas HBAR BitGo Now Supports over 300 Coins and Tokens | PALO ALTO, Calif.--(BUSINESS WIRE)--BitGo, the leader in digital asset financial services, announced today that it has launched the first institutional-grade wallet solution, providing on-chain, multi-signature security for Hederas HBAR token through its affiliate BitGo Inc. Additionally, BitGo Trust will provide insured, cold storage custody solutions for Hedera. The onboarding of Hedera brings BitGo to over 300 coins and tokens, making it the largest collection of digital assets available on the market today. BitGo enables businesses to integrate digital assets into their portfolios securely and at scale with 100% multi-signature technology. BitGo pioneered multi-signature security in 2013, and since then, it has become an industry standard for security of digital wallets. Multi-signature is an open source protocol, and has been through thorough testing and evaluation by the security community. Multi-signature makes use of distinct private keys specifically assigned to individuals for increased accountability, transparency and security not available through other technologies. BitGo is providing institutional investors a way to store and secure the latest and most innovative digital assets available on the market today with a single, seamless, unified wallet platform, said Pete Najarian, Chief Revenue Officer, BitGo. Our technical teams work closely with the development teams of emerging digital asset companies like Hedera to develop their first multi-signature institutional grade wallets. In the future we look forward to supporting asset issuers in the Hedera ecosystem as well. Hedera Hashgraph is a public distributed ledger for building decentralized applications, and aims to resolve four fundamental issues preventing mainstream market adoption of public blockchain and other decentralized ledger technologyperformance, security, stability, and governance. HBAR is the native cryptocurrency of the Hedera public network. Hbars are used to power decentralized applications, build peer-to-peer payment and micropayment business models, and protect the network from malicious actors. BitGos custody solutions are trusted by leading institutions and exchanges globally. We are pleased that they have chosen to offer multi-sig wallet and custodial services for HBAR, further expanding our ecosystem and the ability for organizations to use HBAR to conduct transactions globally, said Azeem Malik, VP of Global Business Development for Hedera. About Hedera Hedera is a decentralized public network on which developers can build secure, fair applications with near real-time finality. The platform is owned and governed by a council of the world's leading organizations including Avery Dennison, Boeing, Dentons, Deutsche Telekom, DLA Piper, FIS (WorldPay), Google, IBM, LG Electronics, Magalu, Nomura, Swirlds, Tata Communications, University College London (UCL), Wipro, and Zain Group. For more information, visit www.hedera.com, or follow us on Twitter at @hashgraph, Telegram at t.me/hederahashgraph, or Discord at www.hedera.com/discord. The Hedera whitepaper can be found at www.hedera.com/papers. About BitGo BitGo is the leader in digital asset financial services, providing institutional investors with liquidity, custody, and security solutions. In 2020, BitGo launched Prime Trading and Lending, as well as BitGo Portfolio and Tax, providing clients with a full-stack solution for digital assets. In 2018, it launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets. BitGo processes over 20% of all global Bitcoin transactions, and supports over 300 coins and tokens. BitGos customer base includes the world's largest cryptocurrency exchanges and institutional investors and spans more than 50 countries. BitGo is backed by Goldman Sachs, Craft Ventures, Digital Currency Group, DRW, Galaxy Digital Ventures, Redpoint Ventures, and Valor Equity Partners. For more information, please visit https://bitgo.com. Disclosures The information in this press release is not an offer to sell or solicitation of an offer to buy an interest in any investment or for the provision of any investment management or advisory services. Custody services are offered through BitGo Trust Company, a South Dakota chartered trust company. BitGo is not registered with the SEC as an investment advisor or custodian, and does not offer legal, tax, investment, or other advice. Digital asset holdings involve a high degree of risk, and can fluctuate greatly on any given day. Accordingly, your digital asset holdings may be subject to large swings in value and may even become worthless. Please consult your legal/tax/investment professional for questions about your specific circumstances. BitGo Trust Company, BitGo Inc., and BitGo Prime LLC are separately operated, wholly-owned subsidiaries of BitGo Holdings, Inc., a Delaware corporation headquartered in Palo Alto, CA. |
edtsum557 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC today announced an increase in its credit facility to Mammoth Holdings, LLC (Mammoth) to support the acquisition of Lulus Express (Lulus). In October 2018, Mammoth partnered with Red Dog Equity LLC, an Atlanta-based private equity firm, which, through its partnership with Tom Pritzkers family business interests (advised by The Pritzker Organization), provides the equity for Mammoths corporate development initiatives. Lulus is a six unit express conveyor car wash operator in Georgia and South Carolina. The addition of Lulu's further expands the Mammoths customer-focused and operator-focused conveyor carwash platform and aligns with the platforms continued growth strategy. Mammoths multi-brand portfolio includes Marc-1, Wash Me Fast, Swifty, Ultra, Finish Line, Wiggy Wash, Shine On, Pit Stop, Fast Trac, and now Lulu's, among others. About Monroe Capital Monroe Capital LLC (Monroe) is a premier boutique asset management firm specializing in private credit markets across various strategies, including direct lending, asset-based lending, specialty finance, opportunistic and structured credit, and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroes platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality alpha returns irrespective of business or economic cycles. The firm is headquartered in Chicago and maintains offices in Atlanta, Boston, Los Angeles, New York, and San Francisco. Monroe has been recognized by both its peers and investors with various awards including Private Debt Investor as the 2020 Lower Mid-Market Lender of the Year, 2020 Lender of the Year, and 2020 CLO Manager of the Year, Americas; Creditflux as the 2020 Best U.S. Direct Lending Fund; Pension Bridge as the 2020 Private Credit Strategy of the Year; and Global M&A Network as the 2020 Small Middle Markets Lender of the Year. For more information, please visit www.monroecap.com.
Answer: | Monroe Capital Supports Mammoth Holdings LLCs Acquisition of Lulus Express | CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC today announced an increase in its credit facility to Mammoth Holdings, LLC (Mammoth) to support the acquisition of Lulus Express (Lulus). In October 2018, Mammoth partnered with Red Dog Equity LLC, an Atlanta-based private equity firm, which, through its partnership with Tom Pritzkers family business interests (advised by The Pritzker Organization), provides the equity for Mammoths corporate development initiatives. Lulus is a six unit express conveyor car wash operator in Georgia and South Carolina. The addition of Lulu's further expands the Mammoths customer-focused and operator-focused conveyor carwash platform and aligns with the platforms continued growth strategy. Mammoths multi-brand portfolio includes Marc-1, Wash Me Fast, Swifty, Ultra, Finish Line, Wiggy Wash, Shine On, Pit Stop, Fast Trac, and now Lulu's, among others. About Monroe Capital Monroe Capital LLC (Monroe) is a premier boutique asset management firm specializing in private credit markets across various strategies, including direct lending, asset-based lending, specialty finance, opportunistic and structured credit, and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroes platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality alpha returns irrespective of business or economic cycles. The firm is headquartered in Chicago and maintains offices in Atlanta, Boston, Los Angeles, New York, and San Francisco. Monroe has been recognized by both its peers and investors with various awards including Private Debt Investor as the 2020 Lower Mid-Market Lender of the Year, 2020 Lender of the Year, and 2020 CLO Manager of the Year, Americas; Creditflux as the 2020 Best U.S. Direct Lending Fund; Pension Bridge as the 2020 Private Credit Strategy of the Year; and Global M&A Network as the 2020 Small Middle Markets Lender of the Year. For more information, please visit www.monroecap.com. |
edtsum558 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SEATTLE, July 7, 2020 /PRNewswire/ -- Accolade, Inc. (NASDAQ: ACCD), which provides personalized, technology-enabled solutions that help people better understand, navigate, and utilize the healthcare system and their workplace benefits,today announced the closing of its initial public offering of 11,526,134shares of its common stock, inclusive of the full exercise by the underwriters of their option to purchase 1,503,408 shares of common stock, at a price to the public of $22.00per share. The shares are listed for trading on The Nasdaq Global Select Market under the ticker symbol "ACCD". Goldman Sachs & Co. LLC, Morgan Stanley, and BofA Securities acted as joint book-running managers for the offering. Piper Sandler, Credit Suisse, and William Blair acted as book-running managers. Baird and SVB Leerink acted as co-managers. The offering was made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained from: Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, New York 10282, by email at[emailprotected]; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or by email at [emailprotected]; or BofA Securities, Attn: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, or by email [emailprotected]. A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Accolade, Inc. Accolade provides personalized health and benefits solutions designed to empower every person to live their healthiest life. Using a blend of cloud-based technologies, specialized support from Accolade Health Assistants and Clinicians, and integrated data and programs across mobile, online and phone, Accolade navigates people through the healthcare system with trust, empathy and ease. Employers offer Accolade to employees and their families as the single place to turn for all health, healthcare, and benefits questions or concerns, increasing their engagement in benefits and connecting them to high-quality providers and care. By empowering members to make better decisions about their health, Accolade can support members in lowering the cost and complexity of healthcare while achieving consumer satisfaction ratings over 90 percent and an NPS of 60. SOURCE Accolade
Answer: | Accolade Announces Closing of Initial Public Offering and Full Exercise of the Underwriters' Option to Purchase Additional Shares | SEATTLE, July 7, 2020 /PRNewswire/ -- Accolade, Inc. (NASDAQ: ACCD), which provides personalized, technology-enabled solutions that help people better understand, navigate, and utilize the healthcare system and their workplace benefits,today announced the closing of its initial public offering of 11,526,134shares of its common stock, inclusive of the full exercise by the underwriters of their option to purchase 1,503,408 shares of common stock, at a price to the public of $22.00per share. The shares are listed for trading on The Nasdaq Global Select Market under the ticker symbol "ACCD". Goldman Sachs & Co. LLC, Morgan Stanley, and BofA Securities acted as joint book-running managers for the offering. Piper Sandler, Credit Suisse, and William Blair acted as book-running managers. Baird and SVB Leerink acted as co-managers. The offering was made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained from: Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, New York 10282, by email at[emailprotected]; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or by email at [emailprotected]; or BofA Securities, Attn: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, or by email [emailprotected]. A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Accolade, Inc. Accolade provides personalized health and benefits solutions designed to empower every person to live their healthiest life. Using a blend of cloud-based technologies, specialized support from Accolade Health Assistants and Clinicians, and integrated data and programs across mobile, online and phone, Accolade navigates people through the healthcare system with trust, empathy and ease. Employers offer Accolade to employees and their families as the single place to turn for all health, healthcare, and benefits questions or concerns, increasing their engagement in benefits and connecting them to high-quality providers and care. By empowering members to make better decisions about their health, Accolade can support members in lowering the cost and complexity of healthcare while achieving consumer satisfaction ratings over 90 percent and an NPS of 60. SOURCE Accolade |
edtsum559 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: DUBLIN, June 23, 2020 /PRNewswire/ -- The "Sports and Leisure Equipment Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. The global sports and leisure equipment market is projected to register a CAGR of ~4.5% during the study period.The booming enthusiasm for country-level and international tournaments is gaining tremendous followers worldwide and is leading to a large number of athlete admissions every year, which is, therefore, propelling the demand of associated businesses, including sports and leisure equipment.Furthermore, the prominence of sports activities, especially ball sports, owing to health and wellness trends, the increasing influence of social media and celebrity endorsement is encouraging consumers to buy various types of sports equipment.Key Market TrendsIncreased Sports Participation Rate Owing to Favorable Government InitiativesGlobally, there has been a significant rise in the percentage of population adopting a healthy lifestyle and the preference for staying fit has increased consumer indulgence in various sports activities. In line with the athleisure trend, consumers are increasingly seeking for various sports and leisure equipment, especially ball sports. Additionally, an increase in government initiatives in various countries, meant to improve sports participation, is playing a key role in driving the market for the last few years. For instance, the Government of Australia is planning to invest USD 230 million in sport and physical activity initiatives over the next five years. Such initiatives are expected to encourage more people to indulge in various outdoor sports, which, in turn, will increase the sales of sports equipment.Europe Holds Significant Share in the MarketEurope holds a significant amount of market share, owing to the well-penetrated sports environment and enormous athlete participation rate witnessed in the region. Countries such as the United Kingdom are notable for the diversity of their sporting interest. Rugby union, golf, football, and tennis are among the most popular sports of the general population in the region. Approximately 40.7% of male adults and roughly 31.7% of female adults participate in sports on a weekly basis. Apart from sports participation, the favorable weather condition (snowfall) is attracting tourists from different parts of the world who are indulging in winter sports. This creates a great opportunity for manufacturers involved in the business of marketing equipment and sports garments, such as ski and snowboarding, to drive the market growth in the region.Competitive LandscapeThe market studied is highly fragmented and consists of regional and international competitors. It is dominated by players, like Adidas AG, Amer Sports, PUMA SE, and Under Armour. These companies are focusing on digital and social media advertisements to make consumers aware about the new product launches in the market. Furthermore, key players are embarking on online distribution channels for their online marketing and branding of their products, in order to expand their geographic reach and increase their customer base. Moreover, leading manufacturers in the market are focusing on leveraging opportunities posed by the emerging markets of Asia-Pacific, like Thailand and India, to expand their revenue base.Key Topics Covered: 1 INTRODUCTION1.1 Study Assumptions and Market Definition1.2 Scope of the Study2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY3.1 Market Overview4 MARKET DYNAMICS4.1 Market Drivers4.2 Market Restraints4.3 Porter's Five Forces Analysis4.3.1 Threat of New Entrants4.3.2 Bargaining Power of Buyers/Consumers4.3.3 Bargaining Power of Suppliers4.3.4 Threat of Substitute Products4.3.5 Intensity of Competitive Rivalry5 MARKET SEGMENTATION5.1 By Type5.1.1 Ball Sports Equipment5.1.2 Fitness Sports Equipment5.1.3 Adventure Sports Equipment5.1.4 Golf Equipment5.1.5 Others5.2 By Distribution Channel5.2.1 Supermarkets/Hypermarkets5.2.2 Speciality Stores5.2.3 Online Retail Stores5.2.4 Others5.3 Geography5.3.1 North America5.3.1.1 United States5.3.1.2 Canada5.3.1.3 Mexico5.3.1.4 Rest of North America5.3.2 Europe5.3.2.1 Spain5.3.2.2 United Kingdom5.3.2.3 Germany5.3.2.4 France5.3.2.5 Italy5.3.2.6 Russia5.3.2.7 Rest of Europe5.3.3 Asia-Pacific5.3.3.1 China5.3.3.2 Japan5.3.3.3 India5.3.3.4 Australia5.3.3.5 Rest of Asia-Pacific5.3.4 South America5.3.4.1 Brazil5.3.4.2 Argentina5.3.4.3 Rest of South America5.3.5 Middle-East and Africa5.3.5.1 South Africa5.3.5.2 United Arab Emirates5.3.5.3 Rest of Middle-East and Africa6 COMPETITIVE LANDSCAPE6.1 Most Active Companies6.2 Most Adopted Strategies6.3 Market Share Analysis6.4 Company Profiles6.4.1 Amer Sports6.4.2 Nike Inc.6.4.3 Adidas AG6.4.4 Puma SE6.4.5 Groupe Rossignol6.4.6 Under Armour6.4.7 Acushnet Holdings6.4.8 New Balance6.4.9 ASICSC Corporation7 MARKET OPPORTUNITIES AND FUTURE TRENDSFor more information about this report visit https://www.researchandmarkets.com/r/xqq5xe Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com
Answer: | Global Sports and Leisure Equipment Market (2020 to 2025) - Growth, Trends, and Forecasts | DUBLIN, June 23, 2020 /PRNewswire/ -- The "Sports and Leisure Equipment Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. The global sports and leisure equipment market is projected to register a CAGR of ~4.5% during the study period.The booming enthusiasm for country-level and international tournaments is gaining tremendous followers worldwide and is leading to a large number of athlete admissions every year, which is, therefore, propelling the demand of associated businesses, including sports and leisure equipment.Furthermore, the prominence of sports activities, especially ball sports, owing to health and wellness trends, the increasing influence of social media and celebrity endorsement is encouraging consumers to buy various types of sports equipment.Key Market TrendsIncreased Sports Participation Rate Owing to Favorable Government InitiativesGlobally, there has been a significant rise in the percentage of population adopting a healthy lifestyle and the preference for staying fit has increased consumer indulgence in various sports activities. In line with the athleisure trend, consumers are increasingly seeking for various sports and leisure equipment, especially ball sports. Additionally, an increase in government initiatives in various countries, meant to improve sports participation, is playing a key role in driving the market for the last few years. For instance, the Government of Australia is planning to invest USD 230 million in sport and physical activity initiatives over the next five years. Such initiatives are expected to encourage more people to indulge in various outdoor sports, which, in turn, will increase the sales of sports equipment.Europe Holds Significant Share in the MarketEurope holds a significant amount of market share, owing to the well-penetrated sports environment and enormous athlete participation rate witnessed in the region. Countries such as the United Kingdom are notable for the diversity of their sporting interest. Rugby union, golf, football, and tennis are among the most popular sports of the general population in the region. Approximately 40.7% of male adults and roughly 31.7% of female adults participate in sports on a weekly basis. Apart from sports participation, the favorable weather condition (snowfall) is attracting tourists from different parts of the world who are indulging in winter sports. This creates a great opportunity for manufacturers involved in the business of marketing equipment and sports garments, such as ski and snowboarding, to drive the market growth in the region.Competitive LandscapeThe market studied is highly fragmented and consists of regional and international competitors. It is dominated by players, like Adidas AG, Amer Sports, PUMA SE, and Under Armour. These companies are focusing on digital and social media advertisements to make consumers aware about the new product launches in the market. Furthermore, key players are embarking on online distribution channels for their online marketing and branding of their products, in order to expand their geographic reach and increase their customer base. Moreover, leading manufacturers in the market are focusing on leveraging opportunities posed by the emerging markets of Asia-Pacific, like Thailand and India, to expand their revenue base.Key Topics Covered: 1 INTRODUCTION1.1 Study Assumptions and Market Definition1.2 Scope of the Study2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY3.1 Market Overview4 MARKET DYNAMICS4.1 Market Drivers4.2 Market Restraints4.3 Porter's Five Forces Analysis4.3.1 Threat of New Entrants4.3.2 Bargaining Power of Buyers/Consumers4.3.3 Bargaining Power of Suppliers4.3.4 Threat of Substitute Products4.3.5 Intensity of Competitive Rivalry5 MARKET SEGMENTATION5.1 By Type5.1.1 Ball Sports Equipment5.1.2 Fitness Sports Equipment5.1.3 Adventure Sports Equipment5.1.4 Golf Equipment5.1.5 Others5.2 By Distribution Channel5.2.1 Supermarkets/Hypermarkets5.2.2 Speciality Stores5.2.3 Online Retail Stores5.2.4 Others5.3 Geography5.3.1 North America5.3.1.1 United States5.3.1.2 Canada5.3.1.3 Mexico5.3.1.4 Rest of North America5.3.2 Europe5.3.2.1 Spain5.3.2.2 United Kingdom5.3.2.3 Germany5.3.2.4 France5.3.2.5 Italy5.3.2.6 Russia5.3.2.7 Rest of Europe5.3.3 Asia-Pacific5.3.3.1 China5.3.3.2 Japan5.3.3.3 India5.3.3.4 Australia5.3.3.5 Rest of Asia-Pacific5.3.4 South America5.3.4.1 Brazil5.3.4.2 Argentina5.3.4.3 Rest of South America5.3.5 Middle-East and Africa5.3.5.1 South Africa5.3.5.2 United Arab Emirates5.3.5.3 Rest of Middle-East and Africa6 COMPETITIVE LANDSCAPE6.1 Most Active Companies6.2 Most Adopted Strategies6.3 Market Share Analysis6.4 Company Profiles6.4.1 Amer Sports6.4.2 Nike Inc.6.4.3 Adidas AG6.4.4 Puma SE6.4.5 Groupe Rossignol6.4.6 Under Armour6.4.7 Acushnet Holdings6.4.8 New Balance6.4.9 ASICSC Corporation7 MARKET OPPORTUNITIES AND FUTURE TRENDSFor more information about this report visit https://www.researchandmarkets.com/r/xqq5xe Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com |
edtsum560 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: HONOLULU, June 1, 2020 /PRNewswire/ --AES Distributed Energy (AES DE), adivision of The AES Corporation(NYSE: AES), was selected by Hawaiian ElectricCompaniesto develop and operate two new utility-scale solar+storage facilitiesonO'ahu, Hawai'i.Combined, thesetwoprojects are expected to generate a total of 137,000 MWh oflocally produced, reliable renewable energy, serving upwards of 23,000 homes.The projects representAES'continued commitment in helping the State ofHawai'iand its people achieve their 100% renewable energy goalswhile accelerating a smarter, safer andgreener energy future. "AES DE is honored to be selected by Hawaiian Electric to advance innovative renewable energy solutions, helpingHawai'iachieve itscleanenergy goals and reduceitsreliance on imported fossil fuels," said Woody Rubin, President of AES DE. "Wealso recognizesthe deep economic challenges facingHawai'iat this time. The projects will not only deliver clean, locally produced renewable energy butwillalso provide jobs and economic activity at a time when it's needed most." AES DE,a leading developer of solar PV and solar PV + storage facilities,will develop two proposed projectson O'ahu:one will be a19.5MWdcPVfacilitypaired witha35 MWh battery energy storage system (BESS),andthe other will be a60MWdcPVfacilitypaired with a 240 MWh BESS. The projects are amongsixteenselected by Hawaiian Electric as part of the company'sStage 2 RFP issued in August 2019. As an early step in the development process, AESDE will holdinitialpublicmeetings to engagewiththe communityand gather feedbackon the upcoming projects.Given current COVID-19 considerations, the meetings will be held virtually.Project updates and opportunities for input will continue throughout the development and construction process. Detailson the upcoming community meetingswill be announcedat a later date. Construction of these projects is expected to begin in 2022, pending all applicable permitting and approvals, with completion scheduled in 2023. AES DE currently operatesmore than50 megawatts (MW) of solar and solar+storage acrossHawai'i,including the 28 MW/100MWhLawa'i solar+storageprojectonKaua'ias well asanother100 MW of solar + storageprojectsin development on O'ahu, Maui andHawai'i Islands,which wereawarded under Hawaiian Electric's Stage 1 RFP issued in February 2018. About AES Distributed Energy AES Distributed Energy (AES DE) is a wholly owned subsidiary of The AES Corporation, a Fortune 500 and publicly traded international energy company. Our daily mission at AES DE is to bring reliable and cost-effective distributed energy systems to utilities, municipalities, corporations, schools, and commercial and industrial customers. AES DE's proven project development, financing, and operating experience empowers energy consumers to benefit from the distributed energy solutions we deliver. To learn more, please visit www.aesdistributedenergy.com. Follow AES DE on Twitter@aes_d_energy. About AES The AES Corporation (NYSE: AES) is a Fortune 500 global power company. We provide affordable, sustainable energy to 14 countries through our diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. Our workforce is committed to operational excellence and meeting the world's changing power needs. Our 2019 revenues were $10 billion, and we own and manage $34 billion in total assets. To learn more, please visit www.aes.com. Follow AES on Twitter @TheAESCorp. Media Contact: Shane Peters 808-421-9879 [emailprotected] SOURCE AES DE
Answer: | AES Distributed Energy Selected for Two O'ahu Solar + Storage Projects Hawaiian Electric Selected AES Distributed Energy to Develop Two Solar + Battery Storage Facilities on O'ahu | HONOLULU, June 1, 2020 /PRNewswire/ --AES Distributed Energy (AES DE), adivision of The AES Corporation(NYSE: AES), was selected by Hawaiian ElectricCompaniesto develop and operate two new utility-scale solar+storage facilitiesonO'ahu, Hawai'i.Combined, thesetwoprojects are expected to generate a total of 137,000 MWh oflocally produced, reliable renewable energy, serving upwards of 23,000 homes.The projects representAES'continued commitment in helping the State ofHawai'iand its people achieve their 100% renewable energy goalswhile accelerating a smarter, safer andgreener energy future. "AES DE is honored to be selected by Hawaiian Electric to advance innovative renewable energy solutions, helpingHawai'iachieve itscleanenergy goals and reduceitsreliance on imported fossil fuels," said Woody Rubin, President of AES DE. "Wealso recognizesthe deep economic challenges facingHawai'iat this time. The projects will not only deliver clean, locally produced renewable energy butwillalso provide jobs and economic activity at a time when it's needed most." AES DE,a leading developer of solar PV and solar PV + storage facilities,will develop two proposed projectson O'ahu:one will be a19.5MWdcPVfacilitypaired witha35 MWh battery energy storage system (BESS),andthe other will be a60MWdcPVfacilitypaired with a 240 MWh BESS. The projects are amongsixteenselected by Hawaiian Electric as part of the company'sStage 2 RFP issued in August 2019. As an early step in the development process, AESDE will holdinitialpublicmeetings to engagewiththe communityand gather feedbackon the upcoming projects.Given current COVID-19 considerations, the meetings will be held virtually.Project updates and opportunities for input will continue throughout the development and construction process. Detailson the upcoming community meetingswill be announcedat a later date. Construction of these projects is expected to begin in 2022, pending all applicable permitting and approvals, with completion scheduled in 2023. AES DE currently operatesmore than50 megawatts (MW) of solar and solar+storage acrossHawai'i,including the 28 MW/100MWhLawa'i solar+storageprojectonKaua'ias well asanother100 MW of solar + storageprojectsin development on O'ahu, Maui andHawai'i Islands,which wereawarded under Hawaiian Electric's Stage 1 RFP issued in February 2018. About AES Distributed Energy AES Distributed Energy (AES DE) is a wholly owned subsidiary of The AES Corporation, a Fortune 500 and publicly traded international energy company. Our daily mission at AES DE is to bring reliable and cost-effective distributed energy systems to utilities, municipalities, corporations, schools, and commercial and industrial customers. AES DE's proven project development, financing, and operating experience empowers energy consumers to benefit from the distributed energy solutions we deliver. To learn more, please visit www.aesdistributedenergy.com. Follow AES DE on Twitter@aes_d_energy. About AES The AES Corporation (NYSE: AES) is a Fortune 500 global power company. We provide affordable, sustainable energy to 14 countries through our diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. Our workforce is committed to operational excellence and meeting the world's changing power needs. Our 2019 revenues were $10 billion, and we own and manage $34 billion in total assets. To learn more, please visit www.aes.com. Follow AES on Twitter @TheAESCorp. Media Contact: Shane Peters 808-421-9879 [emailprotected] SOURCE AES DE |
edtsum561 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: AUSTIN, Texas, Aug. 4, 2020 /PRNewswire/ -- As wearing face coverings become the norm for society during the pandemic, Armbrust American is excited to announce that its FDA-registered surgical masks will now be available in six vibrant new colors. The masks have the same 98% effectiveness rating for blocking particulate matter, such as the novel coronavirus, while allowing the wearer a greater degree of self-expression like with cloth face coverings. Continue Reading Armbrust American Debuts New Surgical Mask Colors as Demand Rises Debuting new colors of Armbrust American surgical masks. Photo by Alex Smith. "People in the mask world thought I was crazy for making lab-tested surgical masks in cool colors instead of the usual 'medical blue' or aqua green, but it makes too much sense not to," said founder and CEO Lloyd Armbrust. "Now there's a safer, more effective option for people wearing cloth masks that match their favorite sports team or school colors, or businesses to replace workers' cloth face coverings with surgical masks matching the brand identity." The new mask color options are available for pre-order immediately, with delivery dates in the next two weeks. Colors include "Creamsicle," "Coral," "Sea Foam," "American Denim," "Pretty In Pink," and "Charcoal." The company is currently selling packs of 10 to determine which colors get the most traction, with plans to offer larger bundles of the most popular colors. Research backed by the Center for Disease Control now shows that wearing masks candrastically reduce the spread of COVID-19 across the country, withsurgical masks being more effective than cloth. However, getting the majority of people in the U.S. to wear them has proved challenging, which is one area American manufacturing can help correct."The advantage of American manufacturing is being able to understand the market and make changes to your products quickly. Since most masks are made in China and sold to resellers, it probably doesn't make financial sense to offer more than one ugly color," Armbrust explained. "If adding new color options gets more people wearing masks, then it becomes more than just a cosmetic change, not to mention a true testament to the need for strategic manufacturing to return to the U.S." About Armbrust AmericanArmbrust American's mission is to bring strategic manufacturing back to the U.S. Founded in 2020 by Y-Combinator alumni Lloyd Armbrust, the company currently operates a factory out of Austin, Texas utilizing proprietary mix of materials and manufacturing innovation to provide the highest quality PPE at a competitive cost. Lloyd was previously the founder and CEO of OwnLocal, a company that automates production for 3,500 newspapers worldwide.Armbrust American Debuts New Surgical Mask Colors(2-min)Introduction Video: About Armbrust American(2-min)For more info, visit:https://www.armbrustusa.com/Media Contact:Tom Cheredar[emailprotected] Ph: (512) 831-4409SOURCE Armbrust American Related Links http://www.armbrustusa.com
Answer: | Armbrust American Debuts New Surgical Mask Colors as Demand Rises American manufacturing company announces disposable surgical masks in six new colors to promote safety without sacrificing self-expression. | AUSTIN, Texas, Aug. 4, 2020 /PRNewswire/ -- As wearing face coverings become the norm for society during the pandemic, Armbrust American is excited to announce that its FDA-registered surgical masks will now be available in six vibrant new colors. The masks have the same 98% effectiveness rating for blocking particulate matter, such as the novel coronavirus, while allowing the wearer a greater degree of self-expression like with cloth face coverings. Continue Reading Armbrust American Debuts New Surgical Mask Colors as Demand Rises Debuting new colors of Armbrust American surgical masks. Photo by Alex Smith. "People in the mask world thought I was crazy for making lab-tested surgical masks in cool colors instead of the usual 'medical blue' or aqua green, but it makes too much sense not to," said founder and CEO Lloyd Armbrust. "Now there's a safer, more effective option for people wearing cloth masks that match their favorite sports team or school colors, or businesses to replace workers' cloth face coverings with surgical masks matching the brand identity." The new mask color options are available for pre-order immediately, with delivery dates in the next two weeks. Colors include "Creamsicle," "Coral," "Sea Foam," "American Denim," "Pretty In Pink," and "Charcoal." The company is currently selling packs of 10 to determine which colors get the most traction, with plans to offer larger bundles of the most popular colors. Research backed by the Center for Disease Control now shows that wearing masks candrastically reduce the spread of COVID-19 across the country, withsurgical masks being more effective than cloth. However, getting the majority of people in the U.S. to wear them has proved challenging, which is one area American manufacturing can help correct."The advantage of American manufacturing is being able to understand the market and make changes to your products quickly. Since most masks are made in China and sold to resellers, it probably doesn't make financial sense to offer more than one ugly color," Armbrust explained. "If adding new color options gets more people wearing masks, then it becomes more than just a cosmetic change, not to mention a true testament to the need for strategic manufacturing to return to the U.S." About Armbrust AmericanArmbrust American's mission is to bring strategic manufacturing back to the U.S. Founded in 2020 by Y-Combinator alumni Lloyd Armbrust, the company currently operates a factory out of Austin, Texas utilizing proprietary mix of materials and manufacturing innovation to provide the highest quality PPE at a competitive cost. Lloyd was previously the founder and CEO of OwnLocal, a company that automates production for 3,500 newspapers worldwide.Armbrust American Debuts New Surgical Mask Colors(2-min)Introduction Video: About Armbrust American(2-min)For more info, visit:https://www.armbrustusa.com/Media Contact:Tom Cheredar[emailprotected] Ph: (512) 831-4409SOURCE Armbrust American Related Links http://www.armbrustusa.com |
edtsum562 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: --(BUSINESS WIRE)--()--Brightcove Inc. (NASDAQ: BCOV)(Harvard Business School)Tsedal Neeley(Google)Ritcha Gupta Ranjan Tsedal Neeley20072018Naylor FitzhughNeeleyMBA(Leadership and Organizational Behavior)(Leading Global Businesses)NeeleyHarvard Business PublishingPartnership Inc.Rakuten Inc.Neeley(Boston College)(Stanford University) Ritcha RanjanGSuiteGoogle WalletAdwordsMobileGoogle DocsSheetsSlidesSitesKeepRitchaFive PumpkinsSpeech SDK(Yahoo!)(Google Founders Award)Ritcha(University of Waterloo) NeeleyBrightcoveBrightcoveBrightcove RanjanBrightcoveBrightcove BrightcoveJeff RayBrightcoveTsedalRitchaBrightcove Brightcove Inc. (NASDAQ: BCOV) 70 2004BrightcoveBrightcovewww.brightcove.com /Form 10-KForm 10-QBrightcove
Answer: | Tsedal NeeleyRitcha RanjanBrightcove Brightcove | --(BUSINESS WIRE)--()--Brightcove Inc. (NASDAQ: BCOV)(Harvard Business School)Tsedal Neeley(Google)Ritcha Gupta Ranjan Tsedal Neeley20072018Naylor FitzhughNeeleyMBA(Leadership and Organizational Behavior)(Leading Global Businesses)NeeleyHarvard Business PublishingPartnership Inc.Rakuten Inc.Neeley(Boston College)(Stanford University) Ritcha RanjanGSuiteGoogle WalletAdwordsMobileGoogle DocsSheetsSlidesSitesKeepRitchaFive PumpkinsSpeech SDK(Yahoo!)(Google Founders Award)Ritcha(University of Waterloo) NeeleyBrightcoveBrightcoveBrightcove RanjanBrightcoveBrightcove BrightcoveJeff RayBrightcoveTsedalRitchaBrightcove Brightcove Inc. (NASDAQ: BCOV) 70 2004BrightcoveBrightcovewww.brightcove.com /Form 10-KForm 10-QBrightcove |
edtsum563 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, April 28, 2021 /PRNewswire/ --InvestorsObserver issues critical PriceWatch Alerts for RIBT, SNDL, AMC, AKTX, and CTRM. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link. RIBT: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=RIBT&prnumber=042820215 SNDL: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=SNDL&prnumber=042820215 AMC: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=AMC&prnumber=042820215 AKTX: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=AKTX&prnumber=042820215 CTRM: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=CTRM&prnumber=042820215 (Note: You may have to copy this link into your browser then press the [ENTER] key.) InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment. SOURCE InvestorsObserver Related Links http://www.investorsobserver.com
Answer: | Thinking about buying stock in RiceBran Technologies, Sundial Growers, AMC Entertainment, Akari Therapeutics, or Castor Maritime? | NEW YORK, April 28, 2021 /PRNewswire/ --InvestorsObserver issues critical PriceWatch Alerts for RIBT, SNDL, AMC, AKTX, and CTRM. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link. RIBT: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=RIBT&prnumber=042820215 SNDL: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=SNDL&prnumber=042820215 AMC: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=AMC&prnumber=042820215 AKTX: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=AKTX&prnumber=042820215 CTRM: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=CTRM&prnumber=042820215 (Note: You may have to copy this link into your browser then press the [ENTER] key.) InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment. SOURCE InvestorsObserver Related Links http://www.investorsobserver.com |
edtsum564 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, March 31, 2020 /PRNewswire/ --Less than two months after his presidential bid ended, Andrew Yang has announced the launch of his new podcast, Yang Speaks, slated to launch this spring in partnership with Cadence13, a leading premium podcast company.The show will air weekly and feature thought-leaders on a variety of topics, including technology, entertainment, policy, sports, pop-culture and anything on Yang's mind, with a general outlook towards the future of our economy and society. Andrew Yang Launches New Podcast, "Yang Speaks," in Partnership with Cadence13 The Yang Speaks trailer will drop in April 2020, with the official series launch slated for May 2020. "The ideas of our campaign have always deserved more airtime than a 60-second answer on a debate stage or a 3-to-5-minute TV hit," explained Zach Graumann, Yang's former campaign manager and senior advisor to the project. "We're excited to launch Yang Speaks and have in-depth longform conversations with some of the smartest and most interesting people in the world, and to discuss the ideas that can make our future and society a more human place for all of us." "Andrew Yang's passionate ideas and vision for the future resonate with millions of people," said Chris Corcoran, Chief Content Officer, Cadence13. "We're thrilled to welcome him to Cadence13, and to the entire podcast universe." About Cadence13: Cadence13, a division of RADIO.COM, is a leading premium podcast company and was named one of Fast Company's "World's Most Innovative Companies for 2019." Our roster of critically-acclaimed shows and personalities reflects the diverse conversations and interests happening in the world, led by a collection of voices that include Sophia Amoruso, David Axelrod, Nick Bilton, Rachel Brathen, Bren Brown, Dean Budnick, Emma Chamberlain, Deepak Chopra, Gotham Chopra, Lauren Conrad, Remi Cruz, David Dobrik, Ethan Dolan, Grayson Dolan, Jon Favreau, Malcolm Gladwell, Joseph Gordon-Levitt, Andrew Jenks, Tony Kornheiser, Michael Lewis, Payne Lindsey, Michael Lombardi, Jon Lovett, Alisha Marie, CJ McCollum, James Andrew Miller, Mike Murphy, Leon Neyfakh, Gwyneth Paltrow, Josh Peck, David Plouffe, Zac Stuart-Pontier, Paul Rabil, Ben Reiter, Rhett and Link, Rick Rubin, Michael Sheehan, Maria Shriver, Marc Smerling, Tommy Vietor, Adnan Virk, iO Tillett Wright, Andrew Yang, and many more. These storytellers represent both established and emerging personalities across sports, business, tech, politics, entertainment and news. Cadence13 is the home of C13Originals and has a broad range of programming partners including Comments by Celebs, Conde Nast, Crooked Media, Entertainment Weekly, Girlboss Media, goop, Granity Studios, Meredith, Mythical Entertainment, Pushkin Industries, Ramble, Seven Bucks Productions, Smosh, Sports Illustrated, Tenderfoot TV, theSkimm, The Try Guys, TNT, Up and Vanished, Vanity Fair, Who? Weekly and Yoga Girl, among others. Cadence13 is headquartered in New York, with offices in Los Angeles and San Francisco. CONTACT: Hillary Schupf VP, Publicity | Cadence13646.795.5077[emailprotected] SOURCE Cadence13 Related Links http://cadence13.com
Answer: | Andrew Yang Launches New Podcast, "Yang Speaks," in Partnership with Cadence13 On weekly show, the entrepreneur, bestselling author and former presidential candidate will talk about the future, pop culture, the economy, technology and whatever else is on his mind | NEW YORK, March 31, 2020 /PRNewswire/ --Less than two months after his presidential bid ended, Andrew Yang has announced the launch of his new podcast, Yang Speaks, slated to launch this spring in partnership with Cadence13, a leading premium podcast company.The show will air weekly and feature thought-leaders on a variety of topics, including technology, entertainment, policy, sports, pop-culture and anything on Yang's mind, with a general outlook towards the future of our economy and society. Andrew Yang Launches New Podcast, "Yang Speaks," in Partnership with Cadence13 The Yang Speaks trailer will drop in April 2020, with the official series launch slated for May 2020. "The ideas of our campaign have always deserved more airtime than a 60-second answer on a debate stage or a 3-to-5-minute TV hit," explained Zach Graumann, Yang's former campaign manager and senior advisor to the project. "We're excited to launch Yang Speaks and have in-depth longform conversations with some of the smartest and most interesting people in the world, and to discuss the ideas that can make our future and society a more human place for all of us." "Andrew Yang's passionate ideas and vision for the future resonate with millions of people," said Chris Corcoran, Chief Content Officer, Cadence13. "We're thrilled to welcome him to Cadence13, and to the entire podcast universe." About Cadence13: Cadence13, a division of RADIO.COM, is a leading premium podcast company and was named one of Fast Company's "World's Most Innovative Companies for 2019." Our roster of critically-acclaimed shows and personalities reflects the diverse conversations and interests happening in the world, led by a collection of voices that include Sophia Amoruso, David Axelrod, Nick Bilton, Rachel Brathen, Bren Brown, Dean Budnick, Emma Chamberlain, Deepak Chopra, Gotham Chopra, Lauren Conrad, Remi Cruz, David Dobrik, Ethan Dolan, Grayson Dolan, Jon Favreau, Malcolm Gladwell, Joseph Gordon-Levitt, Andrew Jenks, Tony Kornheiser, Michael Lewis, Payne Lindsey, Michael Lombardi, Jon Lovett, Alisha Marie, CJ McCollum, James Andrew Miller, Mike Murphy, Leon Neyfakh, Gwyneth Paltrow, Josh Peck, David Plouffe, Zac Stuart-Pontier, Paul Rabil, Ben Reiter, Rhett and Link, Rick Rubin, Michael Sheehan, Maria Shriver, Marc Smerling, Tommy Vietor, Adnan Virk, iO Tillett Wright, Andrew Yang, and many more. These storytellers represent both established and emerging personalities across sports, business, tech, politics, entertainment and news. Cadence13 is the home of C13Originals and has a broad range of programming partners including Comments by Celebs, Conde Nast, Crooked Media, Entertainment Weekly, Girlboss Media, goop, Granity Studios, Meredith, Mythical Entertainment, Pushkin Industries, Ramble, Seven Bucks Productions, Smosh, Sports Illustrated, Tenderfoot TV, theSkimm, The Try Guys, TNT, Up and Vanished, Vanity Fair, Who? Weekly and Yoga Girl, among others. Cadence13 is headquartered in New York, with offices in Los Angeles and San Francisco. CONTACT: Hillary Schupf VP, Publicity | Cadence13646.795.5077[emailprotected] SOURCE Cadence13 Related Links http://cadence13.com |
edtsum565 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: ST. PAUL, Minn.--(BUSINESS WIRE)--Spineology Inc., an innovator in anatomy-conserving surgery, announces spine industry sales and marketing leader Matt Cronin has joined the company as the Senior Vice President of Sales. Cronin has significant industry experience and was most recently the Senior Vice President of Sales and Marketing for the Americas at joimax, where he developed and led a team introducing novel endoscopic spinal decompression systems into the U.S. market. Prior to leading the sales and marketing teams at joimax, Cronin held leadership positions in Stryker Corporations spine and orthopedics divisions. He has a distinguished record of success in positioning medical device organizations to achieve sustainable growth. Matts extensive experience in the endoscopic spine and spinal implant markets will greatly aid in leading commercialization efforts across our entire product portfolio, said John Booth, Spineology CEO. His breadth of experience working with new and novel technologies will be especially synergistic with Spineologys recently granted OptiMesh expandable implant and our OptiLIF procedure. Minimally invasive spinal procedures have been gaining popularity in the U.S. Matts endoscopic experience will be a great addition to the team as we roll out the OptiLIF procedure in the U.S., said Dan McPhillips, Spineology Vice President of Marketing and Medical Education. I am honored to join a company so focused on conserving anatomy during spine surgery. I look forward to working with an ambitious and eager team in anticipation of launching OptiLIF. The experiences I had with surgeons at joimax, and what I anticipate with Spineology, lead me to believe this industry is ready for the next evolution toward improving patient care, Cronin said. What a great time to join Spineology. About Spineology Inc. At Spineology, we are dedicated to transforming spine surgery by providing innovative, anatomy-conserving technologies for surgeons and their patients. Our proprietary mesh technology is used in the OptiMesh and Duo implants, which expand in three dimensions to create large footprints and allow placement of anatomy-conforming interbody fusion devices through very small incisions. This technology preserves spinal anatomy, increases procedural efficiency, and accelerates patient recovery. Learn more at spineology.com.
Answer: | Matt Cronin Joins Spineology as Senior Vice President of Sales Spine Industry Leader Brings Decades of Experience Introducing New Products Designed to Improve Patient Care | ST. PAUL, Minn.--(BUSINESS WIRE)--Spineology Inc., an innovator in anatomy-conserving surgery, announces spine industry sales and marketing leader Matt Cronin has joined the company as the Senior Vice President of Sales. Cronin has significant industry experience and was most recently the Senior Vice President of Sales and Marketing for the Americas at joimax, where he developed and led a team introducing novel endoscopic spinal decompression systems into the U.S. market. Prior to leading the sales and marketing teams at joimax, Cronin held leadership positions in Stryker Corporations spine and orthopedics divisions. He has a distinguished record of success in positioning medical device organizations to achieve sustainable growth. Matts extensive experience in the endoscopic spine and spinal implant markets will greatly aid in leading commercialization efforts across our entire product portfolio, said John Booth, Spineology CEO. His breadth of experience working with new and novel technologies will be especially synergistic with Spineologys recently granted OptiMesh expandable implant and our OptiLIF procedure. Minimally invasive spinal procedures have been gaining popularity in the U.S. Matts endoscopic experience will be a great addition to the team as we roll out the OptiLIF procedure in the U.S., said Dan McPhillips, Spineology Vice President of Marketing and Medical Education. I am honored to join a company so focused on conserving anatomy during spine surgery. I look forward to working with an ambitious and eager team in anticipation of launching OptiLIF. The experiences I had with surgeons at joimax, and what I anticipate with Spineology, lead me to believe this industry is ready for the next evolution toward improving patient care, Cronin said. What a great time to join Spineology. About Spineology Inc. At Spineology, we are dedicated to transforming spine surgery by providing innovative, anatomy-conserving technologies for surgeons and their patients. Our proprietary mesh technology is used in the OptiMesh and Duo implants, which expand in three dimensions to create large footprints and allow placement of anatomy-conforming interbody fusion devices through very small incisions. This technology preserves spinal anatomy, increases procedural efficiency, and accelerates patient recovery. Learn more at spineology.com. |
edtsum566 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: VANCOUVER, British Columbia--(BUSINESS WIRE)--Emerging leader in infused cannabis beverages, BevCanna Enterprises Inc. (CSE:BEV, OTCQB:BVNNF, FSE:7BC) (BevCanna or the Company) is pleased to announce that it has submitted Notice of New Cannabis Product (NNCP) forms to Health Canada for its award-winning line-up of Keef Beverages and Cali-Bloom products. The Company is focused on commercializing the Keef and Cali-Boom products in Q1 2021, and to that end is forging new distribution partnerships. BevCanna has completed its first round discussions with select Canadian provincial buyers and is now progressing with its commercial rollout strategy and timelines. Negotiations are moving forward with one of Canadas leading Licensed Producers (the LP) to distribute BevCannas products to provincial cannabis distribution boards through the LPs Health Canada issued Sales Licence. Were extremely pleased with the progress that weve made in our commercialization plans for Keef and Cali-Bloom in Canada, commented John Campbell, Chief Strategic Officer for BevCanna. Our negotiations with our partner LP are progressing very well and with our NNCP forms now in Health Canadas hands, were confident that well have these products on shelves across Canada in the first quarter. The LP submitted the Keef and Cali-Bloom NNCPs to Health Canada on behalf of BevCanna. The NNCP forms include product details such as formulations details, nutritional facts and raw and active ingredients ratios, and are required to be submitted to Health Canada atleast 60 days prior to sale of the products. BevCanna commercialization timeline for Keef and Cali-Bloom branded products into the Canadian market remains to be Q1 2021. This selection of the initial product lineup was chosen to reflect Keef and Cali-Blooms most popular U.S. products. Both lines are consistent top-sellers in their respective territories. Keef offers six of the top ten cannabis beverages in Colorado and three of the top ten in California1, ranking second in the U.S. in terms of units of cannabis beverages sold,2. Cali-Bloom is consistently one of the top 10 brands in California by dollars sold,2 and has been one of the only brands in the state to increase their market share in 2020. 12020 Headset Insights report 2BDSA About BevCanna Enterprises Inc. BevCanna Enterprises Inc. (CSE: BEV, OTCQB:BVNNF, FSE:7BC) develops and manufactures cannabinoidinfused beverages and consumer products for inhouse brands and white label clients. With decades of experience creating, branding and distributing iconic brands that have resonated with consumers on a global scale, the team demonstrates an expertise unmatched in the emerging cannabis beverage category. Based in British Columbia, Canada, BevCanna owns the exclusive rights to a pristine spring water aquifer, access to a worldclass 40,000squarefoot, HACCP certified manufacturing facility, with a current bottling capacity of up to 210M bottles per annum. BevCanna also recently acquired U.S. natural health and wellness e-commerce platform Pure Therapy. BevCanna's vision is to be a global leader in infused innovations. On behalf of the Board of Directors: John Campbell, Chief Financial Officer and Chief Strategy Officer Director, BevCanna Enterprises Inc. Forward-Looking Information This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company, including the statements regarding: that the LP is has submitted the NNCPs to Health Canada on behalf of BevCanna, BevCanna commercialization timeline for Keef and Cali-Bloom branded products into the Canadian market remains to be Q1 2021; negotiations with the LP to distribute BevCannas products to provincial cannabis distribution boards through the LPs Health Canada issued Sales Licence; and other statements regarding the business plans of the Company. Forward-looking statements are based on certain assumptions regarding the issuances of licences by Health Canada to the Company under the Cannabis Act; future positive legislative, tax and regulatory developments in the United States with respect to cannabis; a continued high regulatory barrier entry for cannabis-infused beverages; successful and timely commercialization of the companys products; successful and timely negotiation of various agreements; and expectations with respect to the future growth of recreational cannabis products. While the Company considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Readers are cautioned not to place undue reliance on forward-looking statements. The assumptions of the Company, although considered reasonable by it at the time of preparation, may prove to be incorrect. In addition, forward-looking statements necessarily involve known and unknown risks, including, without limitation, the Company not being issued licenses by Health Canada; risks associated with general economic conditions; risks associated with climate and agriculture; changes in consumer preferences; adverse industry events; future legislative, tax and regulatory developments; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the inability to implement business strategies; the inability to enter into various agreements with other parties; competition; currency and interest rate fluctuations and other risks. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. For more information on the risk, uncertainties and assumptions that could cause anticipated opportunities and actual results to differ materially, please refer to the public filings of the Company which are available on SEDAR at www.sedar.com. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect our expectations as of the date hereof, and thus are subject to change thereafter. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law, and the Company does not assume any liability for disclosure relating to any other company mentioned herein.
Answer: | BevCanna Announces the Submission of Keef and Cali-Bloom NNCP Forms to Health Canada Infused beverage experts expects to launch the award-winning products across Canada in the first quarter of 2021 | VANCOUVER, British Columbia--(BUSINESS WIRE)--Emerging leader in infused cannabis beverages, BevCanna Enterprises Inc. (CSE:BEV, OTCQB:BVNNF, FSE:7BC) (BevCanna or the Company) is pleased to announce that it has submitted Notice of New Cannabis Product (NNCP) forms to Health Canada for its award-winning line-up of Keef Beverages and Cali-Bloom products. The Company is focused on commercializing the Keef and Cali-Boom products in Q1 2021, and to that end is forging new distribution partnerships. BevCanna has completed its first round discussions with select Canadian provincial buyers and is now progressing with its commercial rollout strategy and timelines. Negotiations are moving forward with one of Canadas leading Licensed Producers (the LP) to distribute BevCannas products to provincial cannabis distribution boards through the LPs Health Canada issued Sales Licence. Were extremely pleased with the progress that weve made in our commercialization plans for Keef and Cali-Bloom in Canada, commented John Campbell, Chief Strategic Officer for BevCanna. Our negotiations with our partner LP are progressing very well and with our NNCP forms now in Health Canadas hands, were confident that well have these products on shelves across Canada in the first quarter. The LP submitted the Keef and Cali-Bloom NNCPs to Health Canada on behalf of BevCanna. The NNCP forms include product details such as formulations details, nutritional facts and raw and active ingredients ratios, and are required to be submitted to Health Canada atleast 60 days prior to sale of the products. BevCanna commercialization timeline for Keef and Cali-Bloom branded products into the Canadian market remains to be Q1 2021. This selection of the initial product lineup was chosen to reflect Keef and Cali-Blooms most popular U.S. products. Both lines are consistent top-sellers in their respective territories. Keef offers six of the top ten cannabis beverages in Colorado and three of the top ten in California1, ranking second in the U.S. in terms of units of cannabis beverages sold,2. Cali-Bloom is consistently one of the top 10 brands in California by dollars sold,2 and has been one of the only brands in the state to increase their market share in 2020. 12020 Headset Insights report 2BDSA About BevCanna Enterprises Inc. BevCanna Enterprises Inc. (CSE: BEV, OTCQB:BVNNF, FSE:7BC) develops and manufactures cannabinoidinfused beverages and consumer products for inhouse brands and white label clients. With decades of experience creating, branding and distributing iconic brands that have resonated with consumers on a global scale, the team demonstrates an expertise unmatched in the emerging cannabis beverage category. Based in British Columbia, Canada, BevCanna owns the exclusive rights to a pristine spring water aquifer, access to a worldclass 40,000squarefoot, HACCP certified manufacturing facility, with a current bottling capacity of up to 210M bottles per annum. BevCanna also recently acquired U.S. natural health and wellness e-commerce platform Pure Therapy. BevCanna's vision is to be a global leader in infused innovations. On behalf of the Board of Directors: John Campbell, Chief Financial Officer and Chief Strategy Officer Director, BevCanna Enterprises Inc. Forward-Looking Information This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company, including the statements regarding: that the LP is has submitted the NNCPs to Health Canada on behalf of BevCanna, BevCanna commercialization timeline for Keef and Cali-Bloom branded products into the Canadian market remains to be Q1 2021; negotiations with the LP to distribute BevCannas products to provincial cannabis distribution boards through the LPs Health Canada issued Sales Licence; and other statements regarding the business plans of the Company. Forward-looking statements are based on certain assumptions regarding the issuances of licences by Health Canada to the Company under the Cannabis Act; future positive legislative, tax and regulatory developments in the United States with respect to cannabis; a continued high regulatory barrier entry for cannabis-infused beverages; successful and timely commercialization of the companys products; successful and timely negotiation of various agreements; and expectations with respect to the future growth of recreational cannabis products. While the Company considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Readers are cautioned not to place undue reliance on forward-looking statements. The assumptions of the Company, although considered reasonable by it at the time of preparation, may prove to be incorrect. In addition, forward-looking statements necessarily involve known and unknown risks, including, without limitation, the Company not being issued licenses by Health Canada; risks associated with general economic conditions; risks associated with climate and agriculture; changes in consumer preferences; adverse industry events; future legislative, tax and regulatory developments; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the inability to implement business strategies; the inability to enter into various agreements with other parties; competition; currency and interest rate fluctuations and other risks. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. For more information on the risk, uncertainties and assumptions that could cause anticipated opportunities and actual results to differ materially, please refer to the public filings of the Company which are available on SEDAR at www.sedar.com. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect our expectations as of the date hereof, and thus are subject to change thereafter. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law, and the Company does not assume any liability for disclosure relating to any other company mentioned herein. |
edtsum567 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW ORLEANS, April 18, 2021 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until April 19, 2021 to file lead plaintiff applications in securities class action lawsuits against fuboTV Inc. (NYSE: FUBO), if they purchased the Company's shares between March 23, 2020 and January 4, 2021, inclusive (the "Class Period"). These actions are pending in the United States District Court for the Southern District of New York. What You May Do If you purchased shares of fuboTV and would like to discuss your legal rights and how these cases might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([emailprotected]), or visit https://www.ksfcounsel.com/cases/nyse-fubo/ to learn more. If you wish to serve as a lead plaintiff in these class actions by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by April 19, 2021. About the Lawsuit FuboTV and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. On December 23, 2020, a series of research reports revealed, among other things, that (i) the Company's subscriber and profitability growth was unsustainable past the one-time seasonal surge; (ii) its offering of products would be subject to cost escalation; (iii) it could not successfully compete as a sports book operator and could not capitalize on its online sports wagering opportunity; (iv) its data and inventory was not differentiated to allow it to achieve its long-term advertising growth goals; (v) its valuation was overstated in light of its total revenue and subscription levels; and (vi) its acquisition of Balto Sports did not provide the stated synergies and internal expertise, and did not expand the Company's addressable market into sports wagering. On this news, the price of fuboTV's shares plummeted 54% from a close of $52.59 on December 23, 2020 to a close of $24.24 on January 4, 2021. The first-filed case is Said-Ibrahim et al. v. FuboTV Inc. et al., No. 1:21-cv-01412. About Kahn Swick & Foti, LLC KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. KSF serves a variety of clients including public institutional investors, hedge funds, money managers and retail investors in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana. To learn more about KSF, you may visit www.ksfcounsel.com. Contact: Kahn Swick & Foti, LLCLewis Kahn, Managing Partner[emailprotected] 1-877-515-18501100 Poydras St., Suite 3200New Orleans, LA 70163 SOURCE Kahn Swick & Foti, LLC Related Links http://www.ksfcounsel.com
Answer: | FUBOTV 24 HOUR DEADLINE ALERT: FORMER LOUISIANA ATTORNEY GENERAL AND KAHN SWICK & FOTI, LLC REMIND INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Deadline in Class Action Lawsuits Against fuboTV Inc. - FUBO | NEW ORLEANS, April 18, 2021 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until April 19, 2021 to file lead plaintiff applications in securities class action lawsuits against fuboTV Inc. (NYSE: FUBO), if they purchased the Company's shares between March 23, 2020 and January 4, 2021, inclusive (the "Class Period"). These actions are pending in the United States District Court for the Southern District of New York. What You May Do If you purchased shares of fuboTV and would like to discuss your legal rights and how these cases might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([emailprotected]), or visit https://www.ksfcounsel.com/cases/nyse-fubo/ to learn more. If you wish to serve as a lead plaintiff in these class actions by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by April 19, 2021. About the Lawsuit FuboTV and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. On December 23, 2020, a series of research reports revealed, among other things, that (i) the Company's subscriber and profitability growth was unsustainable past the one-time seasonal surge; (ii) its offering of products would be subject to cost escalation; (iii) it could not successfully compete as a sports book operator and could not capitalize on its online sports wagering opportunity; (iv) its data and inventory was not differentiated to allow it to achieve its long-term advertising growth goals; (v) its valuation was overstated in light of its total revenue and subscription levels; and (vi) its acquisition of Balto Sports did not provide the stated synergies and internal expertise, and did not expand the Company's addressable market into sports wagering. On this news, the price of fuboTV's shares plummeted 54% from a close of $52.59 on December 23, 2020 to a close of $24.24 on January 4, 2021. The first-filed case is Said-Ibrahim et al. v. FuboTV Inc. et al., No. 1:21-cv-01412. About Kahn Swick & Foti, LLC KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. KSF serves a variety of clients including public institutional investors, hedge funds, money managers and retail investors in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana. To learn more about KSF, you may visit www.ksfcounsel.com. Contact: Kahn Swick & Foti, LLCLewis Kahn, Managing Partner[emailprotected] 1-877-515-18501100 Poydras St., Suite 3200New Orleans, LA 70163 SOURCE Kahn Swick & Foti, LLC Related Links http://www.ksfcounsel.com |
edtsum568 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: EXTON, Pa., April 9, 2020 /PRNewswire/ --Driven by expanded access to and uptake of disease-modifying therapies (DMTs) to treat advanced stages of relapsing multiple sclerosis (MS), the MS market in Europe shows signs of continued expansion of the number of patients treated with DMTs. Spherix collected data from 247 EU5 neurologists surveyed between February 5th and March 3rd for the most recent semiannual report included in Spherix's RealTime Dynamix: Multiple Sclerosis (EU) service. Findings confirm that the introductions of Roche's Ocrevus, Merck KGaA's Mavenclad, and (most recently) Novartis' Mayzent have contributed to the growth in treatment rates for relapsing remitting MS (RRMS), active secondary progressive MS (SPMS), and primary progressive MS (PPMS). Ocrevus has shown tremendous ability to usurp historical mainstays just two years after its initial launches in Europe, the anti-CD20 monoclonal antibody (mAb) has replaced glatiramer acetate (GA) as one of the most preferred DMTs on the market. Generic alternatives to Copaxone could have cut back on the erosion of the GA class, but Teva's success in patent litigation and continued Copaxone brand loyalty have minimized generic disruption. Indeed, steady declines in overall GA share reveal that the first generics in the MS market have struggled to establish a foothold capable of buoying the class back to its historical level of popularity. Increasing use of Ocrevus in patients starting on a DMT for the first time, as well as patients switching to a different brand, are both driving Ocrevus' quickly rising reported share in MS. Within the segment of new start patients, Biogen's Tecfidera and Sanofi's Aubagio are currently the share leaders, as neurologists have become accustomed to relying on the convenience of oral DMTs for their MS patients initiating DMT treatmentespecially in France. However, with many neurologists favoring induction treatment, in which new patients are initiated on an aggressive approach with a high efficacy agent, Ocrevus is an increasingly popular option for patients starting on DMT treatment. In the UK, where induction treatment is especially common, the rise of Ocrevus use in new start patients accompanies a corresponding drop in Tecfidera use among the same group, threatening the latter DMT's dominance in early lines of therapy. Among switch patients, Ocrevus is now the most prescribed therapy, besting Novartis' Gilenya and Biogen's Tysabri. With European Medicines Agency (EMA) restrictions placed on use of Sanofi's Lemtrada beginning in November 2019, prescribing of Lemtrada as a switch-to agent has dropped significantly, and overall preference for and reported share of the DMT have fallen. Neurologists now appear to be replacing prior use of Lemtrada with more prescribing of Ocrevus, especially in Germany, Italy, and Spain. Tecfidera, the second most frequently prescribed switch-to agent just one year ago, has also experienced a substantial contraction of reported share in France and Germany. Ocrevus' growth trajectory has been impressive and sustained over the past two years, but new and emerging agents are poised to abate its increasing dominance. Approved by the EMA on January 13th, just weeks before survey fielding, Novartis' Mayzent is now the only therapy, besides Bayer's Betaferon, indicated specifically for the treatment of active SPMS. Given the decline of interferon shares and the desire to use high-efficacy treatments for patients with advanced disease, neurologists expect that Mayzent's true competition will be with Ocrevus. Indeed, audit data from 1,266 charts of EU patients recently switched to a new DMT, analyzed as part of Spherix's RealWorld Dynamix: DMT Switching in Multiple Sclerosis (EU) service, showed that Ocrevus was the active SPMS switch segment leader. Early perceptions among neurologists suggest that Mayzent could become a key option for active SPMS. More than half of EU neurologists are extremely willing to prescribe Mayzent to a patient with active SPMS, and diagnosis of active SPMS is expected to increase considerably over the next two years indicating that neurologists plan to reclassify a proportion of their RRMS patients as having active SPMS in order to make them eligible for Mayzent treatment. Along with Mayzent's ability to establish a niche in active SPMS, the other threat to Ocrevus further along the horizon may again come from Novartis, with the company's subcutaneous anti-CD20 mAb, ofatumumab. Although the agent is approximately a year away from an EMA decision, EU neurologists have high hopes for its efficacy (expected to be comparable to that of Ocrevus given its mechanistic similarities) and convenient route of administration allowing it to be administered at home. One German neurologist considers ofatumumab a "highly effective therapy concept with better controllability than [Ocrevus]." Although optimism is high for ofatumumab's at-home administration capabilities, neurologists are accustomed to the built-in opportunities for patient monitoring that come with infusion mAbs; in reality, candidacy for ofatumumab may depend heavily on likelihood of good patient compliance and adherence. In the upcoming EU RealWorld Dynamix audit, Spherix will evaluate the impact of DMT dosing profile on brand selection during a switch. The audit will also gauge Mayzent's early performance in the active SPMS market and the brand's success in competing with current preferred DMTs for that patient segment. About RealTime Dynamix RealTime Dynamix: Multiple Sclerosis (EU)is an independent service providing strategic guidance through rapid and comprehensive twice-yearly reports, which include market trending, launch tracking, and a fresh infusion of unique content with each wave. The 7th wave of research will publish in April 2020. About RealWorld Dynamix RealWorld Dynamix: DMT Switching in Multiple Sclerosis (EU) is an independent, data-driven service unmasking real patient management patterns through annual reports based on chart audits of ~1,250 patients switched to a new DMT within the previous three months. The report uncovers the "why" behind treatment decisions, includes year over year trending to quantify key aspects of market evolution, and integrates specialists' attitudinal & demographic data to highlight differences between stated and actual treatment patterns. The second annual report will publish in July 2020. About Spherix Global InsightsSpherix Global Insights is a hyper-focused market intelligence firm that leverages our own independent data and expertise to provide strategic guidance, so biopharma stakeholders make decisions with confidence. We specialize in select immunology, nephrology, and neurology markets. Spherix was recently recognized by Philadelphia Business Journal as a 2019 Soaring 76 recipient for the fastest growing companies in the Greater Philadelphia area and by The Philadelphia Inquirer as an Entrepreneurs' Forum 2019 Philadelphia 100 Winner for the fastest growing privately-held companies in the Greater Philadelphia area. All company, brand or product names in this document are trademarks of their respective holders. For more information contact:Meg Stabb, Neurology Insights DirectorEmail:[emailprotected]www.spherixglobalinsights.com SOURCE Spherix Global Insights Related Links http://www.spherixglobalinsights.com
Answer: | Roche's Ocrevus Continues to Impress in the EU with Strong Uptake in New Start and Switch Multiple Sclerosis Patient Segments, but Novartis' Mayzent and Ofatumumab May Threaten the Brand's Long-Term Dominance In the wake of the Mayzent EMA approval, neurologists expect to diagnose more patients with active secondary progressive multiple sclerosis to broaden the pool of patients eligible for the second-to-market S1P receptor modulator, according to Spherix Global Insights | EXTON, Pa., April 9, 2020 /PRNewswire/ --Driven by expanded access to and uptake of disease-modifying therapies (DMTs) to treat advanced stages of relapsing multiple sclerosis (MS), the MS market in Europe shows signs of continued expansion of the number of patients treated with DMTs. Spherix collected data from 247 EU5 neurologists surveyed between February 5th and March 3rd for the most recent semiannual report included in Spherix's RealTime Dynamix: Multiple Sclerosis (EU) service. Findings confirm that the introductions of Roche's Ocrevus, Merck KGaA's Mavenclad, and (most recently) Novartis' Mayzent have contributed to the growth in treatment rates for relapsing remitting MS (RRMS), active secondary progressive MS (SPMS), and primary progressive MS (PPMS). Ocrevus has shown tremendous ability to usurp historical mainstays just two years after its initial launches in Europe, the anti-CD20 monoclonal antibody (mAb) has replaced glatiramer acetate (GA) as one of the most preferred DMTs on the market. Generic alternatives to Copaxone could have cut back on the erosion of the GA class, but Teva's success in patent litigation and continued Copaxone brand loyalty have minimized generic disruption. Indeed, steady declines in overall GA share reveal that the first generics in the MS market have struggled to establish a foothold capable of buoying the class back to its historical level of popularity. Increasing use of Ocrevus in patients starting on a DMT for the first time, as well as patients switching to a different brand, are both driving Ocrevus' quickly rising reported share in MS. Within the segment of new start patients, Biogen's Tecfidera and Sanofi's Aubagio are currently the share leaders, as neurologists have become accustomed to relying on the convenience of oral DMTs for their MS patients initiating DMT treatmentespecially in France. However, with many neurologists favoring induction treatment, in which new patients are initiated on an aggressive approach with a high efficacy agent, Ocrevus is an increasingly popular option for patients starting on DMT treatment. In the UK, where induction treatment is especially common, the rise of Ocrevus use in new start patients accompanies a corresponding drop in Tecfidera use among the same group, threatening the latter DMT's dominance in early lines of therapy. Among switch patients, Ocrevus is now the most prescribed therapy, besting Novartis' Gilenya and Biogen's Tysabri. With European Medicines Agency (EMA) restrictions placed on use of Sanofi's Lemtrada beginning in November 2019, prescribing of Lemtrada as a switch-to agent has dropped significantly, and overall preference for and reported share of the DMT have fallen. Neurologists now appear to be replacing prior use of Lemtrada with more prescribing of Ocrevus, especially in Germany, Italy, and Spain. Tecfidera, the second most frequently prescribed switch-to agent just one year ago, has also experienced a substantial contraction of reported share in France and Germany. Ocrevus' growth trajectory has been impressive and sustained over the past two years, but new and emerging agents are poised to abate its increasing dominance. Approved by the EMA on January 13th, just weeks before survey fielding, Novartis' Mayzent is now the only therapy, besides Bayer's Betaferon, indicated specifically for the treatment of active SPMS. Given the decline of interferon shares and the desire to use high-efficacy treatments for patients with advanced disease, neurologists expect that Mayzent's true competition will be with Ocrevus. Indeed, audit data from 1,266 charts of EU patients recently switched to a new DMT, analyzed as part of Spherix's RealWorld Dynamix: DMT Switching in Multiple Sclerosis (EU) service, showed that Ocrevus was the active SPMS switch segment leader. Early perceptions among neurologists suggest that Mayzent could become a key option for active SPMS. More than half of EU neurologists are extremely willing to prescribe Mayzent to a patient with active SPMS, and diagnosis of active SPMS is expected to increase considerably over the next two years indicating that neurologists plan to reclassify a proportion of their RRMS patients as having active SPMS in order to make them eligible for Mayzent treatment. Along with Mayzent's ability to establish a niche in active SPMS, the other threat to Ocrevus further along the horizon may again come from Novartis, with the company's subcutaneous anti-CD20 mAb, ofatumumab. Although the agent is approximately a year away from an EMA decision, EU neurologists have high hopes for its efficacy (expected to be comparable to that of Ocrevus given its mechanistic similarities) and convenient route of administration allowing it to be administered at home. One German neurologist considers ofatumumab a "highly effective therapy concept with better controllability than [Ocrevus]." Although optimism is high for ofatumumab's at-home administration capabilities, neurologists are accustomed to the built-in opportunities for patient monitoring that come with infusion mAbs; in reality, candidacy for ofatumumab may depend heavily on likelihood of good patient compliance and adherence. In the upcoming EU RealWorld Dynamix audit, Spherix will evaluate the impact of DMT dosing profile on brand selection during a switch. The audit will also gauge Mayzent's early performance in the active SPMS market and the brand's success in competing with current preferred DMTs for that patient segment. About RealTime Dynamix RealTime Dynamix: Multiple Sclerosis (EU)is an independent service providing strategic guidance through rapid and comprehensive twice-yearly reports, which include market trending, launch tracking, and a fresh infusion of unique content with each wave. The 7th wave of research will publish in April 2020. About RealWorld Dynamix RealWorld Dynamix: DMT Switching in Multiple Sclerosis (EU) is an independent, data-driven service unmasking real patient management patterns through annual reports based on chart audits of ~1,250 patients switched to a new DMT within the previous three months. The report uncovers the "why" behind treatment decisions, includes year over year trending to quantify key aspects of market evolution, and integrates specialists' attitudinal & demographic data to highlight differences between stated and actual treatment patterns. The second annual report will publish in July 2020. About Spherix Global InsightsSpherix Global Insights is a hyper-focused market intelligence firm that leverages our own independent data and expertise to provide strategic guidance, so biopharma stakeholders make decisions with confidence. We specialize in select immunology, nephrology, and neurology markets. Spherix was recently recognized by Philadelphia Business Journal as a 2019 Soaring 76 recipient for the fastest growing companies in the Greater Philadelphia area and by The Philadelphia Inquirer as an Entrepreneurs' Forum 2019 Philadelphia 100 Winner for the fastest growing privately-held companies in the Greater Philadelphia area. All company, brand or product names in this document are trademarks of their respective holders. For more information contact:Meg Stabb, Neurology Insights DirectorEmail:[emailprotected]www.spherixglobalinsights.com SOURCE Spherix Global Insights Related Links http://www.spherixglobalinsights.com |
edtsum569 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: RAHWAY, N.J.--(BUSINESS WIRE)--IMM, the only eSignature provider that specializes in eSignature and digital transaction solutions exclusively for financial institutions, and FIPCO, a company that helps financial institutions operate more efficiently and profitably, have partnered for an embedded eSign integration that will streamline deposit account opening and loan processes while allowing customers to centrally manage workflows wherever they are. Through this partnership, FIPCO will integrate IMMs eSign technology with its Compliance Concierge software, which is used for opening accounts and generating loan and mortgage documents. It is the only platform to include all federal and state required documents and compliance financial institutions need to further improve compliance. FIPCOs seamless integration with IMMs eSignature technology will allow customers to remotely and securely sign documents with convenience and ease. Pam Kelly, President of FIPCO, said, IMMs business philosophies and customer support priorities align perfectly with ours. The companys proven success and specialized approach to eSignature solutions specifically for the financial industry are what made us confident it was the right choice for our eSignature solution. We look forward to our partnership and continuing to reliably serve our clients from anywhere. For more than 30 years, FIPCO has served financial institutions, their communities and customers by consistently delivering innovative solutions, providing advice and effectively solving compliance and technology challenges. Now more than ever, financial institutions take comfort in the steady, meticulous, established products and services that have earned FIPCO its reputation as a trusted leader in form sets, loan and deposit software suites, information security and compliance management. By leveraging IMMs technology, FIPCO can offer improved processing times and efficiencies for its customer banks and their consumers, said Michael Ball, Vice President of Markets and Strategy. Through this partnership, deposit account opening and loan processes will be made easier and more convenient with our embedded eSignature technology. During this particular time, financial institutions are mindful of safe and contactless ways that allow consumers and bank employees to continue to conduct financial transactions. Our FIPCO eSignature partnership will provide that precise solution to its customer banks. About FIPCO FIPCO, a Midwest fintech, helps financial institutions remain compliant while operating more efficiently and profitably through its Compliance Concierge Loan and Deposit software system and use of its information security and compliance management consulting services. FIPCO delivers innovative solutions, provide advice, and effectively solve compliance and technology challenges for our clients. For more information, visit www.fipco.com , call 800.722.3498 or follow us on Twitter and LinkedIn. About IMM For 24 years, IMM has been the premier provider of eSignature and Digital Transaction solutions designed exclusively for financial institutions. Today, more than 1,300 banks and credit unions use IMMs eSignature and Digital Transaction Management solutions across the Institution to elevate consumer experiences while streamlining back-office processes in a comprehensive, end-to-end digital processing environment. For more information, visit www.immonline.com, call 1.800.836.4750, or follow us on Twitter, LinkedIn and Facebook.
Answer: | IMM Partners with FIPCO to Improve Financial Institutions Efficiency and Profitability Partnership empowers customers to manage workflows with eSignature capability | RAHWAY, N.J.--(BUSINESS WIRE)--IMM, the only eSignature provider that specializes in eSignature and digital transaction solutions exclusively for financial institutions, and FIPCO, a company that helps financial institutions operate more efficiently and profitably, have partnered for an embedded eSign integration that will streamline deposit account opening and loan processes while allowing customers to centrally manage workflows wherever they are. Through this partnership, FIPCO will integrate IMMs eSign technology with its Compliance Concierge software, which is used for opening accounts and generating loan and mortgage documents. It is the only platform to include all federal and state required documents and compliance financial institutions need to further improve compliance. FIPCOs seamless integration with IMMs eSignature technology will allow customers to remotely and securely sign documents with convenience and ease. Pam Kelly, President of FIPCO, said, IMMs business philosophies and customer support priorities align perfectly with ours. The companys proven success and specialized approach to eSignature solutions specifically for the financial industry are what made us confident it was the right choice for our eSignature solution. We look forward to our partnership and continuing to reliably serve our clients from anywhere. For more than 30 years, FIPCO has served financial institutions, their communities and customers by consistently delivering innovative solutions, providing advice and effectively solving compliance and technology challenges. Now more than ever, financial institutions take comfort in the steady, meticulous, established products and services that have earned FIPCO its reputation as a trusted leader in form sets, loan and deposit software suites, information security and compliance management. By leveraging IMMs technology, FIPCO can offer improved processing times and efficiencies for its customer banks and their consumers, said Michael Ball, Vice President of Markets and Strategy. Through this partnership, deposit account opening and loan processes will be made easier and more convenient with our embedded eSignature technology. During this particular time, financial institutions are mindful of safe and contactless ways that allow consumers and bank employees to continue to conduct financial transactions. Our FIPCO eSignature partnership will provide that precise solution to its customer banks. About FIPCO FIPCO, a Midwest fintech, helps financial institutions remain compliant while operating more efficiently and profitably through its Compliance Concierge Loan and Deposit software system and use of its information security and compliance management consulting services. FIPCO delivers innovative solutions, provide advice, and effectively solve compliance and technology challenges for our clients. For more information, visit www.fipco.com , call 800.722.3498 or follow us on Twitter and LinkedIn. About IMM For 24 years, IMM has been the premier provider of eSignature and Digital Transaction solutions designed exclusively for financial institutions. Today, more than 1,300 banks and credit unions use IMMs eSignature and Digital Transaction Management solutions across the Institution to elevate consumer experiences while streamlining back-office processes in a comprehensive, end-to-end digital processing environment. For more information, visit www.immonline.com, call 1.800.836.4750, or follow us on Twitter, LinkedIn and Facebook. |
edtsum570 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: LONDON--(BUSINESS WIRE)--The global baby wipes market size is expected to grow by USD 801.59 million as per Technavio. This marks a significant market growth compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. Moreover, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 3%. Request Free Sample Report on COVID-19 Impacts Read the 120-page report with TOC on "Baby Wipes Market Analysis Report by Technology (Spunlace technology, Airlaid technology, Coform technology, Needle punch technology, and Other technologies) and Geography (North America, Europe, APAC, South America, and MEA), and the Segment Forecasts, 2020-2024". https://www.technavio.com/report/baby-wipes-market-industry-analysis The market is driven by the introduction of varied products by manufacturers. In addition, the growing product innovation is anticipated to boost the growth of the Baby Wipes Market. Babies have delicate skin and products meant for use on their skin must be manufactured with safe and healthy materials under strict quality checks. Hence, vendors are focusing on launching new products that do not contain chlorine or alcohol, are softer on the skin, and are biodegradable. For instance, Johnson & Johnson offers improved skincare wipes to keep the skin of the baby clean without causing discomfort. Its advanced wipes work like a sponge to effectively remove dirt and impurities. They are made of ultra-fine fabric that is gentle on the delicate skin of newborns. Similarly, P&G's brand Pampers has also come up with a product line that does not contain phenoxyethanol, parabens, perfume, and alcohol. This will have a positive impact on the baby wipes market growth. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Major Five Baby Wipes Companies: Babisil Products Co. Ltd. Babisil Products Co. Ltd. has business operations under various segments such as baby feeding, baby accessories, baby tableware, baby healthcare, and baby electrical. Key products offered by the company include Baby Wipes Hand & Mouth BS4873 and BS4872. Johnson & Johnson Johnson & Johnson operates its business through three segments: consumer, pharmaceutical, and medical devices. Key products offered by the company include JOHNSON'S Baby Skincare Wipes. Kimberly-Clark Corp. Kimberly-Clark Corp. has business operations under three segments: personal care, consumer tissue, and Kimberly-Clark Corp. Key products offered by the company include Huggies Natural Care Sensitive Wipes and Huggies Natural Care Refreshing Wipes. Laboratoires Expanscience Laboratoires Expanscience operates its business through osteoarthritis and skin health. Key products offered by the company include Mustela Cleansing wipes. Pigeon Corp. Pigeon Corp. has business operations under various segments such as domestic baby and mother care business, child care service business, health and elder care business, China business, Singapore business, Lansinoh business, and other businesses. Key products offered by the company include Baby Wipes Chamomile and Baby Wipes Chamomile & Rose. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Baby Wipes Market Technology Outlook (Revenue, USD mn, 2020-2024) Baby Wipes Market Regional Outlook (Revenue, USD mn, 2020-2024) Technavios sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Answer: | Global Baby Wipes Market: COVID-19 Business Continuity Plan | Evolving Opportunities With Babisil Products Co. Ltd. and Johnson & Johnson | Technavio | LONDON--(BUSINESS WIRE)--The global baby wipes market size is expected to grow by USD 801.59 million as per Technavio. This marks a significant market growth compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. Moreover, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 3%. Request Free Sample Report on COVID-19 Impacts Read the 120-page report with TOC on "Baby Wipes Market Analysis Report by Technology (Spunlace technology, Airlaid technology, Coform technology, Needle punch technology, and Other technologies) and Geography (North America, Europe, APAC, South America, and MEA), and the Segment Forecasts, 2020-2024". https://www.technavio.com/report/baby-wipes-market-industry-analysis The market is driven by the introduction of varied products by manufacturers. In addition, the growing product innovation is anticipated to boost the growth of the Baby Wipes Market. Babies have delicate skin and products meant for use on their skin must be manufactured with safe and healthy materials under strict quality checks. Hence, vendors are focusing on launching new products that do not contain chlorine or alcohol, are softer on the skin, and are biodegradable. For instance, Johnson & Johnson offers improved skincare wipes to keep the skin of the baby clean without causing discomfort. Its advanced wipes work like a sponge to effectively remove dirt and impurities. They are made of ultra-fine fabric that is gentle on the delicate skin of newborns. Similarly, P&G's brand Pampers has also come up with a product line that does not contain phenoxyethanol, parabens, perfume, and alcohol. This will have a positive impact on the baby wipes market growth. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Major Five Baby Wipes Companies: Babisil Products Co. Ltd. Babisil Products Co. Ltd. has business operations under various segments such as baby feeding, baby accessories, baby tableware, baby healthcare, and baby electrical. Key products offered by the company include Baby Wipes Hand & Mouth BS4873 and BS4872. Johnson & Johnson Johnson & Johnson operates its business through three segments: consumer, pharmaceutical, and medical devices. Key products offered by the company include JOHNSON'S Baby Skincare Wipes. Kimberly-Clark Corp. Kimberly-Clark Corp. has business operations under three segments: personal care, consumer tissue, and Kimberly-Clark Corp. Key products offered by the company include Huggies Natural Care Sensitive Wipes and Huggies Natural Care Refreshing Wipes. Laboratoires Expanscience Laboratoires Expanscience operates its business through osteoarthritis and skin health. Key products offered by the company include Mustela Cleansing wipes. Pigeon Corp. Pigeon Corp. has business operations under various segments such as domestic baby and mother care business, child care service business, health and elder care business, China business, Singapore business, Lansinoh business, and other businesses. Key products offered by the company include Baby Wipes Chamomile and Baby Wipes Chamomile & Rose. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Baby Wipes Market Technology Outlook (Revenue, USD mn, 2020-2024) Baby Wipes Market Regional Outlook (Revenue, USD mn, 2020-2024) Technavios sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. |
edtsum571 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: PITTSBURGH, Dec. 22, 2020 /PRNewswire/ -- "I'm a truck driver and I wanted to create a safe way to look out while preventing others from looking in while parked," said an inventor, from Stafford, Va., "so I invented the SEE OUT CURTAINS. My design eliminates the need to use traditional window curtains that completely block your view when drawn." The patent-pending invention provides an effective way to increase privacy and security for a parked semi-truck. In doing so, it offers an improved alternative to traditional curtains and shades. As a result, it enables a driver to see outside the semi-truck cab and it increases awareness and peace of mind. The invention features a lightweight design that is convenient and easy to use so it is ideal for truck drivers and trucking companies. Additionally, it is producible in design variations. The original design was submitted to the Richmond sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 19-RHO-1187, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com SOURCE InventHelp Related Links http://www.inventhelp.com
Answer: | InventHelp Inventor Develops Improved Window Accessory for Semi-Trucks (RHO-1187) | PITTSBURGH, Dec. 22, 2020 /PRNewswire/ -- "I'm a truck driver and I wanted to create a safe way to look out while preventing others from looking in while parked," said an inventor, from Stafford, Va., "so I invented the SEE OUT CURTAINS. My design eliminates the need to use traditional window curtains that completely block your view when drawn." The patent-pending invention provides an effective way to increase privacy and security for a parked semi-truck. In doing so, it offers an improved alternative to traditional curtains and shades. As a result, it enables a driver to see outside the semi-truck cab and it increases awareness and peace of mind. The invention features a lightweight design that is convenient and easy to use so it is ideal for truck drivers and trucking companies. Additionally, it is producible in design variations. The original design was submitted to the Richmond sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 19-RHO-1187, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com SOURCE InventHelp Related Links http://www.inventhelp.com |
edtsum572 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SANTA CLARA, Calif., July 27, 2020 /PRNewswire/ --Apple subsidiary Claris International Inc. welcomes the global Claris Community to a free, virtual Engage 2020 conference on August 4th and 5th. Although the COVID-19 pandemic prevented a traditional in-person event, it accelerated the demand for software-powered innovation known as "digital transformation." The Claris Community, using Claris' leading low-code software platform, meets annually to share ideas and best practices to enhance the "Built on Claris" custom apps they create for businesses, education, and government. "For 25 years, Engage has been the premier event that empowers our community to connect, learn, and innovate," says Claris Chief Executive Officer Brad Freitag. "With demand for new custom applications rising, and the gap in trained developers widening, our low-code platform is more needed and relevant than ever. We are proud to see our customers rely on Claris to quickly and cost-effectively solve their unique problems, while being supported by a community unmatched in the industry. It is the strength of this community that enabled us to respond together to the COVID-19 crisis. Our community volunteers committed over 5,000 hours to help cities deliver life-saving PPE, schools transition to distance learning, and businesses meet unprecedented challenges. These are some of the many successes we'll be honoring at Engage." This year's event comes on the heels of Claris' two newest product releases: FileMaker 19, the first "open" release of the company's flagship low-code development platform, and Connect, a new integration and automation product that allows people without coding experience to quickly connect powerful applications, such as Salesforce, MailChimp, Box, or Slack,into time-saving integrated solutions. The Engage 2020 opening keynote, "Delivering the Promise of Digital Transformation," kicks off two days of educational and interactive sessions led by Claris executives and community members.With registration already open, demand is high for sessions ranging from modern design, cloud deployment, and security, to emerging technologies like machine learning and the Internet of Things. The closing panel on the "Low Code Boom," spotlights the disruptive power of the low-code movement and features Claris CEO Freitag along with leaders from Booz Allen Hamilton, Safeguard Medical, and Solis Digital. All current and aspiring developers,as well as curious problem solvers, are welcome at Engage 2020. Those new to Claris will be greeted by a supportive community united in an effort to apply innovative software to daily operational challenges. View the full Engage 2020 program and register for free athttps://community.claris.com/en/s/engage. Follow Claris onFacebookandLinkedInFollow@ClarisOfficialon Twitter for the latest #CLARISENGAGE2020 About Claris International Inc.Claris International Inc. is the creator of the world's leading rapid, low-code development platform, offering a suite of products that empower problem solvers to drive digital transformation in businesses large and small. The company has more than 1.3 million active users globally across SMBs and the Fortune Global 500. Claris is an Apple subsidiary with an unmatched record of business success across more than 80 consecutive profitable quarters. Claris is headquartered in California with operations worldwide, including London, Paris, Munich, Tokyo, Beijing, and Sydney. SOURCE Claris International Inc. Related Links https://community.claris.com/en/s/engage
Answer: | Claris Engage 2020: Honoring 25 years of meeting business challenges with cutting-edge custom software Reimagining a 25-year tradition, Claris and its industry-leading developer community gather in a virtual conference to fuel the surging Low-Code movement | SANTA CLARA, Calif., July 27, 2020 /PRNewswire/ --Apple subsidiary Claris International Inc. welcomes the global Claris Community to a free, virtual Engage 2020 conference on August 4th and 5th. Although the COVID-19 pandemic prevented a traditional in-person event, it accelerated the demand for software-powered innovation known as "digital transformation." The Claris Community, using Claris' leading low-code software platform, meets annually to share ideas and best practices to enhance the "Built on Claris" custom apps they create for businesses, education, and government. "For 25 years, Engage has been the premier event that empowers our community to connect, learn, and innovate," says Claris Chief Executive Officer Brad Freitag. "With demand for new custom applications rising, and the gap in trained developers widening, our low-code platform is more needed and relevant than ever. We are proud to see our customers rely on Claris to quickly and cost-effectively solve their unique problems, while being supported by a community unmatched in the industry. It is the strength of this community that enabled us to respond together to the COVID-19 crisis. Our community volunteers committed over 5,000 hours to help cities deliver life-saving PPE, schools transition to distance learning, and businesses meet unprecedented challenges. These are some of the many successes we'll be honoring at Engage." This year's event comes on the heels of Claris' two newest product releases: FileMaker 19, the first "open" release of the company's flagship low-code development platform, and Connect, a new integration and automation product that allows people without coding experience to quickly connect powerful applications, such as Salesforce, MailChimp, Box, or Slack,into time-saving integrated solutions. The Engage 2020 opening keynote, "Delivering the Promise of Digital Transformation," kicks off two days of educational and interactive sessions led by Claris executives and community members.With registration already open, demand is high for sessions ranging from modern design, cloud deployment, and security, to emerging technologies like machine learning and the Internet of Things. The closing panel on the "Low Code Boom," spotlights the disruptive power of the low-code movement and features Claris CEO Freitag along with leaders from Booz Allen Hamilton, Safeguard Medical, and Solis Digital. All current and aspiring developers,as well as curious problem solvers, are welcome at Engage 2020. Those new to Claris will be greeted by a supportive community united in an effort to apply innovative software to daily operational challenges. View the full Engage 2020 program and register for free athttps://community.claris.com/en/s/engage. Follow Claris onFacebookandLinkedInFollow@ClarisOfficialon Twitter for the latest #CLARISENGAGE2020 About Claris International Inc.Claris International Inc. is the creator of the world's leading rapid, low-code development platform, offering a suite of products that empower problem solvers to drive digital transformation in businesses large and small. The company has more than 1.3 million active users globally across SMBs and the Fortune Global 500. Claris is an Apple subsidiary with an unmatched record of business success across more than 80 consecutive profitable quarters. Claris is headquartered in California with operations worldwide, including London, Paris, Munich, Tokyo, Beijing, and Sydney. SOURCE Claris International Inc. Related Links https://community.claris.com/en/s/engage |
edtsum573 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: HAMDEN, Conn.--(BUSINESS WIRE)--TransAct Technologies Incorporated (Nasdaq: TACT) (TransAct or the Company), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it has been selected by the all-new Circa Resort & Casino in Las Vegas to support the opening of their new gambling floor. Circa Resort & Casino has chosen both TransAct printers, the industry-leading Epic 950 and Epic Edge, for use in all of their 1,350 slot machines. Opening for the first time at midnight on Wednesday, October 28th, Circa Resort & Casino is the first all-new casino opening in downtown Las Vegas since 1980, and is the third Las Vegas property of Derek Stevens, CEO of Circa Sports. We are thrilled to have been selected by Circa, the first all-new casino to open in Las Vegas in decades, to be the sole provider of printers for their slot machines, said Bart C. Shuldman, Chairman and CEO of TransAct Technologies. Our industry leading casino products are right at home in the cutting edge Circa, and we could not be more excited to work with Derek on yet another groundbreaking project. We chose TransActs products for Circa based on the success and reliability we enjoy with them in our two existing casinos, the Golden Gate and the D Las Vegas. Our casino operators and employees are consistently pleased with their easy maintenance and excellent performance, and are pleased to have the best technology in our state-of-the-art Circa Resort & Casino, said Derek Stevens, CEO of Circa Sports. About TransAct Technologies Incorporated TransAct Technologies Incorporated is a global leader in developing software-driven technology and printing solutions for high-growth markets including food service, casino and gaming, POS automation, and oil and gas. The Companys solutions are designed from the ground up based on customer requirements and are sold under the BOHA!, AccuDate, EPICENTRAL, Epic, Ithaca and Printrex brands. TransAct has sold over 3.3 million printers and terminals around the world and is committed to providing world-class service, spare parts and accessories to support its installed product base. Through the TransAct Services Group, the Company also provides customers with a complete range of supplies and consumable items both online at http://www.transactsupplies.com and through its direct sales team. TransAct is headquartered in Hamden, CT. For more information, please visit http://www.transact-tech.com or call (203) 859-6800. TransAct, BOHA!, AccuDate, Epic, EPICENTRAL, Ithaca and Printrex are trademarks of TRANSACT Technologies Incorporated. 2020 TRANSACT Technologies Incorporated. All rights reserved. About Circa Resort & Casino Circa Resort & Casino will deliver an all-new integrated resort concept to the heart of Downtown Las Vegas at the historic 18 Fremont Street site. Inspired by the city's irresistible energy and timeless allure, Circa is building a new legacy that turns up the good times to eleven and burns bright with the original spirit of Vegas. Combining the best of Las Vegas service in a modern, state-of-the-art setting, Circa is designed for guests to live large in the now, make the most of life's fleeting moments and create new memories through an exhilarating, multi-sensory experience. The 1.25-million-square-foot, 777-room resort, casino and spa will feature a variety of immersive culinary, entertainment and gaming experiences and unparalleled personalized offerings inspired by old-school Las Vegas hospitality. Visit circalasvegas.com or follow on Facebook, Twitter and Instagram at @circalasvegas to stay up to date with more developments.
Answer: | TransAct Selected to Provide Printing Solutions for the New Circa Resort & Casino Epic Printers Selected for all 1,350 Slot Machines | HAMDEN, Conn.--(BUSINESS WIRE)--TransAct Technologies Incorporated (Nasdaq: TACT) (TransAct or the Company), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it has been selected by the all-new Circa Resort & Casino in Las Vegas to support the opening of their new gambling floor. Circa Resort & Casino has chosen both TransAct printers, the industry-leading Epic 950 and Epic Edge, for use in all of their 1,350 slot machines. Opening for the first time at midnight on Wednesday, October 28th, Circa Resort & Casino is the first all-new casino opening in downtown Las Vegas since 1980, and is the third Las Vegas property of Derek Stevens, CEO of Circa Sports. We are thrilled to have been selected by Circa, the first all-new casino to open in Las Vegas in decades, to be the sole provider of printers for their slot machines, said Bart C. Shuldman, Chairman and CEO of TransAct Technologies. Our industry leading casino products are right at home in the cutting edge Circa, and we could not be more excited to work with Derek on yet another groundbreaking project. We chose TransActs products for Circa based on the success and reliability we enjoy with them in our two existing casinos, the Golden Gate and the D Las Vegas. Our casino operators and employees are consistently pleased with their easy maintenance and excellent performance, and are pleased to have the best technology in our state-of-the-art Circa Resort & Casino, said Derek Stevens, CEO of Circa Sports. About TransAct Technologies Incorporated TransAct Technologies Incorporated is a global leader in developing software-driven technology and printing solutions for high-growth markets including food service, casino and gaming, POS automation, and oil and gas. The Companys solutions are designed from the ground up based on customer requirements and are sold under the BOHA!, AccuDate, EPICENTRAL, Epic, Ithaca and Printrex brands. TransAct has sold over 3.3 million printers and terminals around the world and is committed to providing world-class service, spare parts and accessories to support its installed product base. Through the TransAct Services Group, the Company also provides customers with a complete range of supplies and consumable items both online at http://www.transactsupplies.com and through its direct sales team. TransAct is headquartered in Hamden, CT. For more information, please visit http://www.transact-tech.com or call (203) 859-6800. TransAct, BOHA!, AccuDate, Epic, EPICENTRAL, Ithaca and Printrex are trademarks of TRANSACT Technologies Incorporated. 2020 TRANSACT Technologies Incorporated. All rights reserved. About Circa Resort & Casino Circa Resort & Casino will deliver an all-new integrated resort concept to the heart of Downtown Las Vegas at the historic 18 Fremont Street site. Inspired by the city's irresistible energy and timeless allure, Circa is building a new legacy that turns up the good times to eleven and burns bright with the original spirit of Vegas. Combining the best of Las Vegas service in a modern, state-of-the-art setting, Circa is designed for guests to live large in the now, make the most of life's fleeting moments and create new memories through an exhilarating, multi-sensory experience. The 1.25-million-square-foot, 777-room resort, casino and spa will feature a variety of immersive culinary, entertainment and gaming experiences and unparalleled personalized offerings inspired by old-school Las Vegas hospitality. Visit circalasvegas.com or follow on Facebook, Twitter and Instagram at @circalasvegas to stay up to date with more developments. |
edtsum574 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, June 19, 2020 /PRNewswire/ -- Today, the Juneteenth Leadership Coalition is launching a "Drive to Justice" and National Day of Action in more than 30 cities across the country to commemorate Juneteenth, also known as Freedom Day. The motorcades and marches will continue the momentum of the past several weeks by demanding an end to police violence and ensuring leaders understand that Black Lives Matter. The Juneteenth Leadership Coalition includes the Arc of Justice, SEIU/32BJ, Until Freedom, The Gathering For Justice, The Indigenous Peoples Movement, celebrities Yandy Smith and Kristen Scott, and public officials and activists including Tamika Mallory, Eric Garner's mother Gwen Carr, Reverend Mark Thompson and others. Juneteenth, also known as Freedom Day, is the oldest nationally celebrated commemoration of the ending of slavery in the United States. On June 19, 1865, the Emancipation Proclamation which had been issued more than two years earlier was read by Union Army General Gordon Granger in the last slave-holding state of Texas informing them that all enslaved peoples were freed. This year's Juneteenth comes after nearly one month of massive protests in cities across the country calling for racial justice and pressuring local officials to defund police departments. Today beginning at 12pm EDT, 9am PDT, people in cities and reservations across America will be driving to justice in motorcades and marches along caravan routes that include key landmarks and capitol buildings. Each Drive to Justice will lift up the names of those whose lives have been stolen by police and white supremacists, especially those local to the communities where the demonstration is taking place. They will issue these five demands: Investigate and Prosecute: Independent and thorough investigations and prosecutions of violent police officers. Demilitarize and Defund: Demilitarization and defunding of Police Departments. Vote and Be Counted: Complete the Census, register to vote, and mobilize for local, state and federal elections in 2020. Reform Legislation: New legislation at all levels of government creating standards of eligibility, screenings, training, transparency and accountability for police officers. Sanction: Bring economic sanctions against governments and corporations that support white supremacy. As part of the National Day of Action, Juneteenth Drive to Justice organizers will distribute information on how to complete the 2020 Census, register to vote in this year's elections, and apply for absentee ballots on all reservations and in each state. In Washington D.C. the demonstration will begin at the Freedom Plaza by the White House. In Atlanta, it will end at the Georgia State Capitol building. In New York City, the caravan route includes Grand Army Plaza and City Hall. "Today's version of American policing is a direct descendant of slave patrols in the Old South. It is no accident that black people in this country continue to be harassed, abused, and even killed at the hands of police," said Arc of Justice founder Kirsten John Foy. "I am inspired by this generation of young Americans who are standing up to say enough. Today's Drive to Justice is by them and for them, and we must keep up the momentum for future generations." "Enough is enough. It has been nearly six years to the day since my son was killed," said Gwen Carr, social justice activist and Eric Garner's mother. "George Floyd, Breonna Taylor, Ahmaud Aubrey, Tony McDade. We cannot hear 'I can't breathe' one more time. Today is about standing up together, and issuing clear demands to put an end to this plague of police brutality." "Black workers are on the frontlines of the movement to demand change," said Kyle Bragg, President of the SEIU. "Only until black workers are treated with dignity by law enforcement, and in their workplaces, will we rid ourselves of the scourge of racism. We have to be the change agents and we have to be the leaders. Today is a reminder that our work never stops because, unfortunately, too many people want to keep us down. But we should also be inspired by the outpouring of support and harness that energy to enact historic reforms." "Movements aren't built in a day but the cries of 'I can't breathe' have ignited our movement across the country and the world," said social justice activist Tamika Mallory. "It is an opportunity for the system to be transformed and the people freed from police oppression for good. We demand change and anything less will be unacceptable to millions of black people particularly black women who will lead us into the voting booths across America in November." "Our struggles are inherently intertwined with those of the Black Community," said Opliam, Indigenous Peoples Movement Coalition member. "Beyond our shared histories of having had our land and lives stolen by European settlers, today we are the two groups most likely to be killed at the hands of police in this country. We are proud to join the Juneteenth Leadership Coalition and demand an end to this oppression." "George Floyd was our neighbor. He was stolen from us, from his children, from his family and friends who loved him," said Minneapolis Drive to Justice organizer Minnesota Fats. "How many countless others have died like he did, out of view of the cameras? Today we are coming together in George's home city to demand an independent and thorough investigation into his murder. Justice has eluded too many others. There will be justice for George and the countless other men and women whose lives have been stolen by the hands of the police." Learn more about the Drive to Justice at https://www.juneteenthdrivetojustice.org/ Contact: Tusk Strategies | [emailprotected] | (929) 266-8756 SOURCE Juneteenth Leadership Coalition
Answer: | Juneteenth Leadership Coalition Launches "Drive To Justice" Motorcades And Marches Across More Than 30 Cities And Reservations For A National Day Of Action Large civil rights coalition including Arc of Justice, SEIU/32BJ, The Indigenous Peoples Movement commemorates Juneteenth by remembering the Stolen Lives and issuing five demands to end police brutality and white supremacy | NEW YORK, June 19, 2020 /PRNewswire/ -- Today, the Juneteenth Leadership Coalition is launching a "Drive to Justice" and National Day of Action in more than 30 cities across the country to commemorate Juneteenth, also known as Freedom Day. The motorcades and marches will continue the momentum of the past several weeks by demanding an end to police violence and ensuring leaders understand that Black Lives Matter. The Juneteenth Leadership Coalition includes the Arc of Justice, SEIU/32BJ, Until Freedom, The Gathering For Justice, The Indigenous Peoples Movement, celebrities Yandy Smith and Kristen Scott, and public officials and activists including Tamika Mallory, Eric Garner's mother Gwen Carr, Reverend Mark Thompson and others. Juneteenth, also known as Freedom Day, is the oldest nationally celebrated commemoration of the ending of slavery in the United States. On June 19, 1865, the Emancipation Proclamation which had been issued more than two years earlier was read by Union Army General Gordon Granger in the last slave-holding state of Texas informing them that all enslaved peoples were freed. This year's Juneteenth comes after nearly one month of massive protests in cities across the country calling for racial justice and pressuring local officials to defund police departments. Today beginning at 12pm EDT, 9am PDT, people in cities and reservations across America will be driving to justice in motorcades and marches along caravan routes that include key landmarks and capitol buildings. Each Drive to Justice will lift up the names of those whose lives have been stolen by police and white supremacists, especially those local to the communities where the demonstration is taking place. They will issue these five demands: Investigate and Prosecute: Independent and thorough investigations and prosecutions of violent police officers. Demilitarize and Defund: Demilitarization and defunding of Police Departments. Vote and Be Counted: Complete the Census, register to vote, and mobilize for local, state and federal elections in 2020. Reform Legislation: New legislation at all levels of government creating standards of eligibility, screenings, training, transparency and accountability for police officers. Sanction: Bring economic sanctions against governments and corporations that support white supremacy. As part of the National Day of Action, Juneteenth Drive to Justice organizers will distribute information on how to complete the 2020 Census, register to vote in this year's elections, and apply for absentee ballots on all reservations and in each state. In Washington D.C. the demonstration will begin at the Freedom Plaza by the White House. In Atlanta, it will end at the Georgia State Capitol building. In New York City, the caravan route includes Grand Army Plaza and City Hall. "Today's version of American policing is a direct descendant of slave patrols in the Old South. It is no accident that black people in this country continue to be harassed, abused, and even killed at the hands of police," said Arc of Justice founder Kirsten John Foy. "I am inspired by this generation of young Americans who are standing up to say enough. Today's Drive to Justice is by them and for them, and we must keep up the momentum for future generations." "Enough is enough. It has been nearly six years to the day since my son was killed," said Gwen Carr, social justice activist and Eric Garner's mother. "George Floyd, Breonna Taylor, Ahmaud Aubrey, Tony McDade. We cannot hear 'I can't breathe' one more time. Today is about standing up together, and issuing clear demands to put an end to this plague of police brutality." "Black workers are on the frontlines of the movement to demand change," said Kyle Bragg, President of the SEIU. "Only until black workers are treated with dignity by law enforcement, and in their workplaces, will we rid ourselves of the scourge of racism. We have to be the change agents and we have to be the leaders. Today is a reminder that our work never stops because, unfortunately, too many people want to keep us down. But we should also be inspired by the outpouring of support and harness that energy to enact historic reforms." "Movements aren't built in a day but the cries of 'I can't breathe' have ignited our movement across the country and the world," said social justice activist Tamika Mallory. "It is an opportunity for the system to be transformed and the people freed from police oppression for good. We demand change and anything less will be unacceptable to millions of black people particularly black women who will lead us into the voting booths across America in November." "Our struggles are inherently intertwined with those of the Black Community," said Opliam, Indigenous Peoples Movement Coalition member. "Beyond our shared histories of having had our land and lives stolen by European settlers, today we are the two groups most likely to be killed at the hands of police in this country. We are proud to join the Juneteenth Leadership Coalition and demand an end to this oppression." "George Floyd was our neighbor. He was stolen from us, from his children, from his family and friends who loved him," said Minneapolis Drive to Justice organizer Minnesota Fats. "How many countless others have died like he did, out of view of the cameras? Today we are coming together in George's home city to demand an independent and thorough investigation into his murder. Justice has eluded too many others. There will be justice for George and the countless other men and women whose lives have been stolen by the hands of the police." Learn more about the Drive to Justice at https://www.juneteenthdrivetojustice.org/ Contact: Tusk Strategies | [emailprotected] | (929) 266-8756 SOURCE Juneteenth Leadership Coalition |
edtsum575 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: MEDFORD, Ore.--(BUSINESS WIRE)--Hunter Communications (Hunter), the premier fiber-optic communications services provider in southern Oregon and northern California, has been awarded $19.2 million through the Federal Communication Commissions Rural Digital Opportunity Fund (RDOF) Phase I auction. Hunter will deploy 100% fiber-optic broadband networks to offer up to 1 gigabit symmetrical internet services to 5,771 underserved homes and businesses in rural Oregon and northern California communities. Hunter is a portfolio company of the bidding entity, Grain Management, LLC, a leading Washington, D.C.-based investment firm focused on the global communications sector. One thing the pandemic has reinforced is that it is no longer a privilege for residents in rural areas to have fast, reliable internet it is an essential requirement, says Michael Wynschenk, Chief Executive Officer of Hunter Communications. Hunter also believes it is not enough to promise stable pricing for internet services it is an essential requirement. As Hunter continues to expand our offerings to new communities, were committed to deliver the exceptional and reliable service that will help our new communities thrive. Hunter was recently recognized by BroadbandNow, a nationwide broadband rating company, with four 2020 BroadbandNow Service Provider awards in both regional and nationwide mid-size categories, says Sam Ackley, Chief Operating Officer of Hunter Communications. Both Hunter and Grain are extremely excited about these upcoming projects and the opportunities they offer to continue to build out our award-winning fiber network. Hunter Communications will use the $19.2 million RDOF funding to bring Fiber to the Home (FTTH) delivered internet to the following areas: The Rural Digital Opportunity Fund Phase I auction is part of a broader effort by the FCC to close the digital divide in rural America and target areas lacking fixed broadband service that meets the Commissions minimum standards with download speeds of at least 25 Mbps. More information on the Rural Digital Opportunity Fund Phase I auction is available at https://www.fcc.gov/auction/904 About Hunter Hunter Communications provides ultra-high-speed fiber optic broadband internet, data and voice services to business and residential customers in communities throughout southern Oregon and northern California. With Gig speeds, no data caps, and competitive pricing, Hunters 2,000+mile fiber network is nationally recognized for performance and reliability. BroadbandNow recognized Hunter with four 2020 Internet Service Provider Awards, including for fastest business internet speeds in Oregon and among the top 10 nationwide. Founded in 1992, Hunter is headquartered in Medford, Oregon where the company established a legacy of service excellence and commitment to local communities. Hunter Communications was acquired in 2020 by Grain Management, LLC. Additional information is available at Hunterfiber.com.
Answer: | Hunter Communications Awarded $19.2 Million in FCC Rural Digital Opportunity Funding to Boost Broadband Services in Oregon and California Hunter to provide up to 1 Gbps symmetrical fiber broadband internet | MEDFORD, Ore.--(BUSINESS WIRE)--Hunter Communications (Hunter), the premier fiber-optic communications services provider in southern Oregon and northern California, has been awarded $19.2 million through the Federal Communication Commissions Rural Digital Opportunity Fund (RDOF) Phase I auction. Hunter will deploy 100% fiber-optic broadband networks to offer up to 1 gigabit symmetrical internet services to 5,771 underserved homes and businesses in rural Oregon and northern California communities. Hunter is a portfolio company of the bidding entity, Grain Management, LLC, a leading Washington, D.C.-based investment firm focused on the global communications sector. One thing the pandemic has reinforced is that it is no longer a privilege for residents in rural areas to have fast, reliable internet it is an essential requirement, says Michael Wynschenk, Chief Executive Officer of Hunter Communications. Hunter also believes it is not enough to promise stable pricing for internet services it is an essential requirement. As Hunter continues to expand our offerings to new communities, were committed to deliver the exceptional and reliable service that will help our new communities thrive. Hunter was recently recognized by BroadbandNow, a nationwide broadband rating company, with four 2020 BroadbandNow Service Provider awards in both regional and nationwide mid-size categories, says Sam Ackley, Chief Operating Officer of Hunter Communications. Both Hunter and Grain are extremely excited about these upcoming projects and the opportunities they offer to continue to build out our award-winning fiber network. Hunter Communications will use the $19.2 million RDOF funding to bring Fiber to the Home (FTTH) delivered internet to the following areas: The Rural Digital Opportunity Fund Phase I auction is part of a broader effort by the FCC to close the digital divide in rural America and target areas lacking fixed broadband service that meets the Commissions minimum standards with download speeds of at least 25 Mbps. More information on the Rural Digital Opportunity Fund Phase I auction is available at https://www.fcc.gov/auction/904 About Hunter Hunter Communications provides ultra-high-speed fiber optic broadband internet, data and voice services to business and residential customers in communities throughout southern Oregon and northern California. With Gig speeds, no data caps, and competitive pricing, Hunters 2,000+mile fiber network is nationally recognized for performance and reliability. BroadbandNow recognized Hunter with four 2020 Internet Service Provider Awards, including for fastest business internet speeds in Oregon and among the top 10 nationwide. Founded in 1992, Hunter is headquartered in Medford, Oregon where the company established a legacy of service excellence and commitment to local communities. Hunter Communications was acquired in 2020 by Grain Management, LLC. Additional information is available at Hunterfiber.com. |
edtsum576 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: DUBLIN--(BUSINESS WIRE)--The "GCC Food & Beverage Retail Market Outlook, 2021" report has been added to ResearchAndMarkets.com's offering. This research service aims to outline the growth outlook and top predictions for 2021 for the GCC food & beverage retail market. The scope of the study comprises analysis of six key categories: cereals, bakery, dairy, meat, fruits & vegetables, and beverages across KSA, UAE, and RoGCC. The outlook offers a perspective into the disruptions that occurred in 2020, as a result of the COVID-19 outbreak, and how these disruptions changed the outlook for the industry and ushered a paradigm shift toward the new normal. It provides a lens on the changing shares and contributions toward retail and HORECA for any given category in 2020 vis-a-vis 2019, and how the resumption of a normal course of operations will unfold in 2021. It highlights the new market dynamics of omnichannel consumption, along with health and wellness, which will serve as a major foundation of the ethos and behavior of GCC consumers during grocery purchases. It also highlights the prevalence of eCommerce platforms and how organizations are investing in last-mile delivery logistics to offer an attractive value proposition to the client over the next 5 years. Key Topics Covered: 1. Strategic Imperatives 2. Executive Summary - GCC F&B Retail Market 3. Research Scope and Segmentation - GCC F&B Retail Market 4. Cereals 5. Bakery 6. Dairy 7. Meat 8. Fruits & Vegetables 9. Beverages 10. Growth Opportunities 11. Key Conclusions For more information about this report visit https://www.researchandmarkets.com/r/lhbbep
Answer: | GCC Food & Beverage Retail Market Outlook Report 2021: Cereals, Bakery, Dairy, Meat, Fruits & Vegetables, and Beverages Across KSA, UAE, and RoGCC - ResearchAndMarkets.com | DUBLIN--(BUSINESS WIRE)--The "GCC Food & Beverage Retail Market Outlook, 2021" report has been added to ResearchAndMarkets.com's offering. This research service aims to outline the growth outlook and top predictions for 2021 for the GCC food & beverage retail market. The scope of the study comprises analysis of six key categories: cereals, bakery, dairy, meat, fruits & vegetables, and beverages across KSA, UAE, and RoGCC. The outlook offers a perspective into the disruptions that occurred in 2020, as a result of the COVID-19 outbreak, and how these disruptions changed the outlook for the industry and ushered a paradigm shift toward the new normal. It provides a lens on the changing shares and contributions toward retail and HORECA for any given category in 2020 vis-a-vis 2019, and how the resumption of a normal course of operations will unfold in 2021. It highlights the new market dynamics of omnichannel consumption, along with health and wellness, which will serve as a major foundation of the ethos and behavior of GCC consumers during grocery purchases. It also highlights the prevalence of eCommerce platforms and how organizations are investing in last-mile delivery logistics to offer an attractive value proposition to the client over the next 5 years. Key Topics Covered: 1. Strategic Imperatives 2. Executive Summary - GCC F&B Retail Market 3. Research Scope and Segmentation - GCC F&B Retail Market 4. Cereals 5. Bakery 6. Dairy 7. Meat 8. Fruits & Vegetables 9. Beverages 10. Growth Opportunities 11. Key Conclusions For more information about this report visit https://www.researchandmarkets.com/r/lhbbep |
edtsum577 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: PARIS & CAMBRIDGE, Mass.--(BUSINESS WIRE)--Regulatory News: NANOBIOTIX (Paris:NANO) (Euronext: NANO ISIN : FR0011341205 the Company), a clinical-stage nanomedicine company pioneering new approaches to the treatment of cancer, today announced the pricing of its initial public offering on the Nasdaq Global Select Market by way of a capital increase of 7,300,000 new ordinary shares (the New Shares), consisting of a public offering of 5,445,000 ordinary shares in the form of American Depositary Shares (ADSs), each representing the right to receive one ordinary share, in the United States (the U.S. Offering) and a concurrent offering of 1,855,000 ordinary shares in certain jurisdictions outside of the United States to certain investors (the European Offering and together with the U.S. Offering, the Global Offering). The offering price was set at $13.50 per ADS in the U.S. Offering and a corresponding offering price of 11.14 per New Share based on an exchange rate of 1.00 = $1.2115 as published by the European Central Bank on December 10, 2020. The aggregate gross proceeds are expected to be approximately $98.6 million, equivalent to approximately 81.3 million, before deduction of underwriting commissions and estimated expenses payable by the Company. The Global Offering is expected to close on December 15, 2020, subject to the satisfaction of customary closing conditions. All the securities sold in the Global Offering will be issued by the Company. The ADSs have been approved for listing on the Nasdaq Global Select Market and are expected to begin trading on December 11, 2020 under the ticker symbol NBTX. The Companys ordinary shares are listed on the regulated market of Euronext Paris under the ticker symbol NANO. The New Shares (some of which are represented by ADSs) sold in the Global Offering will be subject to an application for admission to trading on the regulated market of Euronext in Paris (Compartment B) on the same trading line as the existing shares under the same ISIN code FR0011341205 and are expected to be admitted to trading on December 15, 2020. Jefferies LLC is acting as global coordinator and joint book-running manager for the Global Offering, and Evercore Group, L.L.C. and UBS Securities LLC are acting as joint book-running managers for the U.S. Offering. Gilbert Dupont is acting as manager for the European Offering (together, the Underwriters). Type of Offering The New Shares will be issued through a capital increase without shareholders preferential subscription rights by way of a public offering and under the provisions of Article L.225-136 of the French Commercial Code (Code de commerce) and pursuant to the 2nd and 7th resolutions of the Company's extraordinary general shareholders' meeting held on November 30, 2020. The offering price per New Share in euros is equal to the volume weighted average price of the Companys ordinary shares on the regulated market of Euronext in Paris over the last three trading days preceding the start of the offering (i.e., December 7, 8 and 9, 2020), minus a discount of 9.80%, and has been determined by the Company pursuant to the 2nd resolution of the Company's extraordinary general shareholders' meeting held on November 30, 2020. Option to Purchase Additional Shares The Company has granted the Underwriters an option to purchase (the Underwriters Option), for a 30-day period (until January 9, 2021), up to 1,095,000 additional ADSs, which represents 15% of the aggregate amount of the New Shares to be issued in the Global Offering, at the same offering price. Stabilization In connection with the Global Offering, Jefferies LLC, acting as stabilization agent, may over-allot the securities or effect transactions with a view to supporting, stabilizing, or maintaining the market price of the securities at a level higher than which might otherwise prevail in the open market. However, there is no assurance that the stabilization agent will take any stabilization action and, if begun, may be ended at any time without prior notice. Any stabilization action or over-allotment shall be carried out in accordance with all applicable rules and regulations and may be undertaken on the regulated market of Euronext in Paris and on the Nasdaq Global Select Market. Dilution The 7,300,000 New Shares to be issued in the Global Offering (5,445,000 of which are ordinary shares represented by ADSs) will result in a dilution of approximately 28% of the Company's outstanding share capital on a non-diluted basis excluding the exercise of the Underwriters Option, and approximately 32% of the Companys outstanding share capital on a non-diluted basis, in the case of a full exercise of the Underwriters Option. Estimated Proceeds from the Global Offering The gross proceeds of the issuance of the New Shares are expected to be approximately $98.6 million (81.3 million), assuming no exercise of the Underwriters Option. The Company estimates that the net proceeds of the Global Offering will be approximately $86.7 million (71.5 million), after deducting approximately $6.9 million (5.7 million) in underwriting commissions and approximately $5.0 million (4.1 million) in estimated offering expenses. The Company expects to use the net proceeds from the Global Offering to advance the overall development of NBTXR3, prioritizing the treatment of locally advanced head and neck cancers, as follows (assuming an exchange rate of 1.00 = $1.2115, the exchange rate on December 10, 2020): As of September 30, 2020, the Company had cash and cash equivalents of 42.4 million (non audited). The Company believes that the net proceeds from the Global Offering, together with its cash and cash equivalents, will be sufficient to fund its operations through the first quarter of 2023. Underwriting The Global Offering is subject to an underwriting agreement entered into on December 10, 2020. The underwriting agreement does not constitute a "garantie de bonne fin" within the meaning of Article L. 225-145 of the French Commercial Code (Code de commerce). Documentation The Company has filed a registration statement, including a prospectus, relating to these securities with the U.S. Securities and Exchange Commission (SEC), which was declared effective by the SEC on December 10, 2020. The securities referred to in this press release will be offered only by means of a prospectus in the United States. Copies of the final prospectus relating to and describing the terms of the Global Offering can be obtained, when available, from Jefferies LLC, 520 Madison Avenue New York, NY 10022, or by telephone at 877-547-6340 or 877-821-7388, or by email at Prospectus_Department@Jefferies.com; or from Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, New York 10055, or by telephone at 888-474-0200, or by email at ecm.prospectus@evercore.com; or from UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, New York 10019, or by telephone at 888-827-7275, or by email at ol-prospectusrequest@ubs.com. Application will be made to list the New Shares on the regulated market of Euronext in Paris pursuant to a listing prospectus subject to an approval from the French Autorit des Marchs Financiers (AMF) and comprising the 2019 Universal Registration Document (Document dEnregistrement Universel) of the Company filed with the AMF on May 12, 2020 under number R.20-010, as completed by a first amendment to such Universal Registration Document filed with the AMF on November 20, 2020 under number D.20-0339-A01 and a second amendment to such Registration Document, which will be filed on December 11, 2020 as well as a Securities Note (Note dopration), including a summary of the prospectus. Following the filing of the second amendment to the 2019 Universal Registration Document, copies of the 2019 Universal Registration Document, as amended, will be available free of charge at the Companys head office located at 60 rue de Wattignies, 75012 Paris, France, on the Companys website (www.nanobiotix.com) and on the AMFs website (www.amf-france.org). The final prospectus will also be available at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Risk Factors Investors should carefully consider the risk factors likely to affect the Company's business as described in Section 1.5 Risk Factors in the 2019 Universal Registration Document, in Section 3 Risk Factors of the first amendment to the 2019 universal registration document and in Section 4 Risk Factors of the second amendment to the 2019 universal registration document expected to be filed with the AMF on December 11, 2020 before making an investment decision. If any of these risks are realized, the Company's business, financial condition, operating results and prospects could be materially and adversely affected. In addition, other risks, not identified or considered significant by the Company, could have the same adverse effect and investors could lose all or part of their investment. Allocation of the Share Capital The following table presents the expected allocation of the Company's share capital following the settlement and delivery of the New Shares (5,445,000 of which are ordinary shares represented by ADSs): Situation before the capital increase (on a non-diluted basis) Situation after the capital increase (on a non-diluted basis and excluding the exercise of the over-allotment option) Shareholders Number of shares % of share capital % of voting rights Number of shares % of share capital % of voting rights Institutional Investors 8,758,377 33.64% 32.39% 14,518,676 43.55% 42.28% Amiral Gestion 1,418,179 5.45% 5.25% 1,479,619 4.44% 4.31% Baillie Gifford 409,836 1.57% 1.52% 1,888,097 5.66% 5.50% Retail 13,734,003 52.75% 50.80% 13,734,003 41.20% 40.00% Management 962,613 3.70% 6.06% 962,613 2.89% 4.77% including Laurent Levy 809,060 3.11% 5.10% 809,060 2.43% 4.02% Employees (excl. management) 450,211 1.73% 2.87% 450,211 1.35% 2.26% Family offices and others 298,388 1.15% 1.10% 298,388 0.90% 0.87% Liquidity Contract 5,515 0.02% 0.02% 5,515 0.02% 0.02% Total 26,037,122 100.00% 100.00% 33,337,122 100.00% 100.00% About NANOBIOTIX Incorporated in 2003, Nanobiotix is a leading, clinical-stage nanomedicine company pioneering new approaches to significantly change patient outcomes by bringing nanophysics to the heart of the cell. The Nanobiotix philosophy is rooted in designing pioneering, physical-based approaches to bring highly effective and generalized solutions to address unmet medical needs and challenges. Nanobiotixs novel, proprietary lead technology, NBTXR3, aims to expand radiotherapy benefits for millions of cancer patients. Nanobiotixs Immuno-Oncology program has the potential to bring a new dimension to cancer immunotherapies. Nanobiotix is listed on the regulated market of Euronext in Paris (Euronext: NANO / ISIN: FR0011341205; Bloomberg: NANO: FP). Its headquarters are in Paris, France. Nanobiotix has a subsidiary, Curadigm, located in France and the United States, as well as a US affiliate in Cambridge, MA, and European affiliates in France, Spain and Germany. Disclaimer This press release contains certain forward-looking statements concerning the Global Offering as well as Nanobiotix and its business, including its prospects and product candidate development. Such forward-looking statements are based on assumptions that Nanobiotix considers to be reasonable. However, there can be no assurance that the estimates contained in such forward-looking statements will be verified, which estimates are subject to numerous risks including the risks set forth in the universal registration document of Nanobiotix registered with the AMF under number R.20-010 on May 12, 2020 and in a first amendment filed with the AMF under number D.20-0339-A01 on November 20, 2020 (copies of which are available on www.nanobiotix.com) and a second amendment to such Registration Document, which will be filed on December 11, 2020 and to the development of economic conditions, financial markets and the markets in which Nanobiotix operates. The forward-looking statements contained in this press release are also subject to risks not yet known to Nanobiotix or not currently considered material by Nanobiotix. The occurrence of all or part of such risks could cause actual results, financial conditions, performance or achievements of Nanobiotix to be materially different from such forward-looking statements. This press release does not constitute an offer to sell nor a solicitation of an offer to buy, nor shall there be any sale of ordinary shares or ADSs of Nanobiotix in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The distribution of this document may, in certain jurisdictions, be restricted by local legislations. Persons into whose possession this document comes are required to inform themselves about and to observe any such potential local restrictions. European Economic Area In relation to each Member State of the European Economic Area (each, a Member State) no offer to the public of ordinary shares and ADSs may be made in that Member State other than: - to any legal entity which is a qualified investor as defined in the Prospectus Regulation; - to fewer than 150 natural or legal persons (other than a qualified investor as defined in the Prospectus Regulation); or - in any other circumstances falling within Article 1(4) of the Prospectus Regulation, provided that no such offer of ordinary shares and ADSs shall require us or any Underwriter to publish a prospectus pursuant to Article 3 of the Prospectus Regulation or supplement a prospectus pursuant to Article 23 of the Prospectus Regulation and each person who initially acquires any shares or to whom any offer is made will be deemed to have represented, acknowledged and agreed to and with each of the Underwriters and the Company that it is a qualified investor as defined in the Prospectus Regulation. For the purposes of this provision, the expression an offer to the public in relation to any ordinary shares and ADSs in any Member State means the communication in any form and by any means of sufficient information on the terms of the offer and any ordinary shares and ADSs to be offered so as to enable an investor to decide to purchase any ordinary shares and ADSs, and the expression Prospectus Regulation means Regulation (EU) 2017/1129 (as amended). France The ADSs and the ordinary shares have not been and will not be offered or sold to the public in the Republic of France, and no offering of this prospectus or any marketing materials relating to the ADSs and the ordinary shares may be made available or distributed in any way that would constitute, directly or indirectly, an offer to the public in the Republic of France (except for public offerings defined in Article L.411-2 1 of the French Code montaire et financier). The ordinary shares in the form of ADSs may only be offered or sold in France pursuant to article L. 411-2 1 of the French Code montaire et financier to qualified investors (as such term is defined in Article 2(e) of Regulation (EU) n 2017/1129 dated 14 June 2017, as amended) acting for their own account, and in accordance with articles L. 411-1, L. 411-2 and D. 411-2 to D.411-4, D.744-1 and D. 754-1 and D. 764-1 of the French Code montaire et financier. This announcement is not an advertisement and not a prospectus within the meaning of the Prospectus Regulation. This press release has been prepared in both French and English. In the event of any differences between the two texts, the French language version shall supersede.
Answer: | NANOBIOTIX Announces Pricing of Global Offering and Approval to List on NASDAQ Global Select Market | PARIS & CAMBRIDGE, Mass.--(BUSINESS WIRE)--Regulatory News: NANOBIOTIX (Paris:NANO) (Euronext: NANO ISIN : FR0011341205 the Company), a clinical-stage nanomedicine company pioneering new approaches to the treatment of cancer, today announced the pricing of its initial public offering on the Nasdaq Global Select Market by way of a capital increase of 7,300,000 new ordinary shares (the New Shares), consisting of a public offering of 5,445,000 ordinary shares in the form of American Depositary Shares (ADSs), each representing the right to receive one ordinary share, in the United States (the U.S. Offering) and a concurrent offering of 1,855,000 ordinary shares in certain jurisdictions outside of the United States to certain investors (the European Offering and together with the U.S. Offering, the Global Offering). The offering price was set at $13.50 per ADS in the U.S. Offering and a corresponding offering price of 11.14 per New Share based on an exchange rate of 1.00 = $1.2115 as published by the European Central Bank on December 10, 2020. The aggregate gross proceeds are expected to be approximately $98.6 million, equivalent to approximately 81.3 million, before deduction of underwriting commissions and estimated expenses payable by the Company. The Global Offering is expected to close on December 15, 2020, subject to the satisfaction of customary closing conditions. All the securities sold in the Global Offering will be issued by the Company. The ADSs have been approved for listing on the Nasdaq Global Select Market and are expected to begin trading on December 11, 2020 under the ticker symbol NBTX. The Companys ordinary shares are listed on the regulated market of Euronext Paris under the ticker symbol NANO. The New Shares (some of which are represented by ADSs) sold in the Global Offering will be subject to an application for admission to trading on the regulated market of Euronext in Paris (Compartment B) on the same trading line as the existing shares under the same ISIN code FR0011341205 and are expected to be admitted to trading on December 15, 2020. Jefferies LLC is acting as global coordinator and joint book-running manager for the Global Offering, and Evercore Group, L.L.C. and UBS Securities LLC are acting as joint book-running managers for the U.S. Offering. Gilbert Dupont is acting as manager for the European Offering (together, the Underwriters). Type of Offering The New Shares will be issued through a capital increase without shareholders preferential subscription rights by way of a public offering and under the provisions of Article L.225-136 of the French Commercial Code (Code de commerce) and pursuant to the 2nd and 7th resolutions of the Company's extraordinary general shareholders' meeting held on November 30, 2020. The offering price per New Share in euros is equal to the volume weighted average price of the Companys ordinary shares on the regulated market of Euronext in Paris over the last three trading days preceding the start of the offering (i.e., December 7, 8 and 9, 2020), minus a discount of 9.80%, and has been determined by the Company pursuant to the 2nd resolution of the Company's extraordinary general shareholders' meeting held on November 30, 2020. Option to Purchase Additional Shares The Company has granted the Underwriters an option to purchase (the Underwriters Option), for a 30-day period (until January 9, 2021), up to 1,095,000 additional ADSs, which represents 15% of the aggregate amount of the New Shares to be issued in the Global Offering, at the same offering price. Stabilization In connection with the Global Offering, Jefferies LLC, acting as stabilization agent, may over-allot the securities or effect transactions with a view to supporting, stabilizing, or maintaining the market price of the securities at a level higher than which might otherwise prevail in the open market. However, there is no assurance that the stabilization agent will take any stabilization action and, if begun, may be ended at any time without prior notice. Any stabilization action or over-allotment shall be carried out in accordance with all applicable rules and regulations and may be undertaken on the regulated market of Euronext in Paris and on the Nasdaq Global Select Market. Dilution The 7,300,000 New Shares to be issued in the Global Offering (5,445,000 of which are ordinary shares represented by ADSs) will result in a dilution of approximately 28% of the Company's outstanding share capital on a non-diluted basis excluding the exercise of the Underwriters Option, and approximately 32% of the Companys outstanding share capital on a non-diluted basis, in the case of a full exercise of the Underwriters Option. Estimated Proceeds from the Global Offering The gross proceeds of the issuance of the New Shares are expected to be approximately $98.6 million (81.3 million), assuming no exercise of the Underwriters Option. The Company estimates that the net proceeds of the Global Offering will be approximately $86.7 million (71.5 million), after deducting approximately $6.9 million (5.7 million) in underwriting commissions and approximately $5.0 million (4.1 million) in estimated offering expenses. The Company expects to use the net proceeds from the Global Offering to advance the overall development of NBTXR3, prioritizing the treatment of locally advanced head and neck cancers, as follows (assuming an exchange rate of 1.00 = $1.2115, the exchange rate on December 10, 2020): As of September 30, 2020, the Company had cash and cash equivalents of 42.4 million (non audited). The Company believes that the net proceeds from the Global Offering, together with its cash and cash equivalents, will be sufficient to fund its operations through the first quarter of 2023. Underwriting The Global Offering is subject to an underwriting agreement entered into on December 10, 2020. The underwriting agreement does not constitute a "garantie de bonne fin" within the meaning of Article L. 225-145 of the French Commercial Code (Code de commerce). Documentation The Company has filed a registration statement, including a prospectus, relating to these securities with the U.S. Securities and Exchange Commission (SEC), which was declared effective by the SEC on December 10, 2020. The securities referred to in this press release will be offered only by means of a prospectus in the United States. Copies of the final prospectus relating to and describing the terms of the Global Offering can be obtained, when available, from Jefferies LLC, 520 Madison Avenue New York, NY 10022, or by telephone at 877-547-6340 or 877-821-7388, or by email at Prospectus_Department@Jefferies.com; or from Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, New York 10055, or by telephone at 888-474-0200, or by email at ecm.prospectus@evercore.com; or from UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, New York 10019, or by telephone at 888-827-7275, or by email at ol-prospectusrequest@ubs.com. Application will be made to list the New Shares on the regulated market of Euronext in Paris pursuant to a listing prospectus subject to an approval from the French Autorit des Marchs Financiers (AMF) and comprising the 2019 Universal Registration Document (Document dEnregistrement Universel) of the Company filed with the AMF on May 12, 2020 under number R.20-010, as completed by a first amendment to such Universal Registration Document filed with the AMF on November 20, 2020 under number D.20-0339-A01 and a second amendment to such Registration Document, which will be filed on December 11, 2020 as well as a Securities Note (Note dopration), including a summary of the prospectus. Following the filing of the second amendment to the 2019 Universal Registration Document, copies of the 2019 Universal Registration Document, as amended, will be available free of charge at the Companys head office located at 60 rue de Wattignies, 75012 Paris, France, on the Companys website (www.nanobiotix.com) and on the AMFs website (www.amf-france.org). The final prospectus will also be available at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Risk Factors Investors should carefully consider the risk factors likely to affect the Company's business as described in Section 1.5 Risk Factors in the 2019 Universal Registration Document, in Section 3 Risk Factors of the first amendment to the 2019 universal registration document and in Section 4 Risk Factors of the second amendment to the 2019 universal registration document expected to be filed with the AMF on December 11, 2020 before making an investment decision. If any of these risks are realized, the Company's business, financial condition, operating results and prospects could be materially and adversely affected. In addition, other risks, not identified or considered significant by the Company, could have the same adverse effect and investors could lose all or part of their investment. Allocation of the Share Capital The following table presents the expected allocation of the Company's share capital following the settlement and delivery of the New Shares (5,445,000 of which are ordinary shares represented by ADSs): Situation before the capital increase (on a non-diluted basis) Situation after the capital increase (on a non-diluted basis and excluding the exercise of the over-allotment option) Shareholders Number of shares % of share capital % of voting rights Number of shares % of share capital % of voting rights Institutional Investors 8,758,377 33.64% 32.39% 14,518,676 43.55% 42.28% Amiral Gestion 1,418,179 5.45% 5.25% 1,479,619 4.44% 4.31% Baillie Gifford 409,836 1.57% 1.52% 1,888,097 5.66% 5.50% Retail 13,734,003 52.75% 50.80% 13,734,003 41.20% 40.00% Management 962,613 3.70% 6.06% 962,613 2.89% 4.77% including Laurent Levy 809,060 3.11% 5.10% 809,060 2.43% 4.02% Employees (excl. management) 450,211 1.73% 2.87% 450,211 1.35% 2.26% Family offices and others 298,388 1.15% 1.10% 298,388 0.90% 0.87% Liquidity Contract 5,515 0.02% 0.02% 5,515 0.02% 0.02% Total 26,037,122 100.00% 100.00% 33,337,122 100.00% 100.00% About NANOBIOTIX Incorporated in 2003, Nanobiotix is a leading, clinical-stage nanomedicine company pioneering new approaches to significantly change patient outcomes by bringing nanophysics to the heart of the cell. The Nanobiotix philosophy is rooted in designing pioneering, physical-based approaches to bring highly effective and generalized solutions to address unmet medical needs and challenges. Nanobiotixs novel, proprietary lead technology, NBTXR3, aims to expand radiotherapy benefits for millions of cancer patients. Nanobiotixs Immuno-Oncology program has the potential to bring a new dimension to cancer immunotherapies. Nanobiotix is listed on the regulated market of Euronext in Paris (Euronext: NANO / ISIN: FR0011341205; Bloomberg: NANO: FP). Its headquarters are in Paris, France. Nanobiotix has a subsidiary, Curadigm, located in France and the United States, as well as a US affiliate in Cambridge, MA, and European affiliates in France, Spain and Germany. Disclaimer This press release contains certain forward-looking statements concerning the Global Offering as well as Nanobiotix and its business, including its prospects and product candidate development. Such forward-looking statements are based on assumptions that Nanobiotix considers to be reasonable. However, there can be no assurance that the estimates contained in such forward-looking statements will be verified, which estimates are subject to numerous risks including the risks set forth in the universal registration document of Nanobiotix registered with the AMF under number R.20-010 on May 12, 2020 and in a first amendment filed with the AMF under number D.20-0339-A01 on November 20, 2020 (copies of which are available on www.nanobiotix.com) and a second amendment to such Registration Document, which will be filed on December 11, 2020 and to the development of economic conditions, financial markets and the markets in which Nanobiotix operates. The forward-looking statements contained in this press release are also subject to risks not yet known to Nanobiotix or not currently considered material by Nanobiotix. The occurrence of all or part of such risks could cause actual results, financial conditions, performance or achievements of Nanobiotix to be materially different from such forward-looking statements. This press release does not constitute an offer to sell nor a solicitation of an offer to buy, nor shall there be any sale of ordinary shares or ADSs of Nanobiotix in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The distribution of this document may, in certain jurisdictions, be restricted by local legislations. Persons into whose possession this document comes are required to inform themselves about and to observe any such potential local restrictions. European Economic Area In relation to each Member State of the European Economic Area (each, a Member State) no offer to the public of ordinary shares and ADSs may be made in that Member State other than: - to any legal entity which is a qualified investor as defined in the Prospectus Regulation; - to fewer than 150 natural or legal persons (other than a qualified investor as defined in the Prospectus Regulation); or - in any other circumstances falling within Article 1(4) of the Prospectus Regulation, provided that no such offer of ordinary shares and ADSs shall require us or any Underwriter to publish a prospectus pursuant to Article 3 of the Prospectus Regulation or supplement a prospectus pursuant to Article 23 of the Prospectus Regulation and each person who initially acquires any shares or to whom any offer is made will be deemed to have represented, acknowledged and agreed to and with each of the Underwriters and the Company that it is a qualified investor as defined in the Prospectus Regulation. For the purposes of this provision, the expression an offer to the public in relation to any ordinary shares and ADSs in any Member State means the communication in any form and by any means of sufficient information on the terms of the offer and any ordinary shares and ADSs to be offered so as to enable an investor to decide to purchase any ordinary shares and ADSs, and the expression Prospectus Regulation means Regulation (EU) 2017/1129 (as amended). France The ADSs and the ordinary shares have not been and will not be offered or sold to the public in the Republic of France, and no offering of this prospectus or any marketing materials relating to the ADSs and the ordinary shares may be made available or distributed in any way that would constitute, directly or indirectly, an offer to the public in the Republic of France (except for public offerings defined in Article L.411-2 1 of the French Code montaire et financier). The ordinary shares in the form of ADSs may only be offered or sold in France pursuant to article L. 411-2 1 of the French Code montaire et financier to qualified investors (as such term is defined in Article 2(e) of Regulation (EU) n 2017/1129 dated 14 June 2017, as amended) acting for their own account, and in accordance with articles L. 411-1, L. 411-2 and D. 411-2 to D.411-4, D.744-1 and D. 754-1 and D. 764-1 of the French Code montaire et financier. This announcement is not an advertisement and not a prospectus within the meaning of the Prospectus Regulation. This press release has been prepared in both French and English. In the event of any differences between the two texts, the French language version shall supersede. |
edtsum578 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial Inc. (NYSE: AMP), today announced that 67 financial advisors were named to Barrons list of Top 1,200 Financial Advisors in the country. Barrons magazine recognizes the industrys top advisors based on several factors, which include levels of ethical standards, professionalism and success in the business. The rankings are based on data provided by more than 4,000 of the nations most productive advisors. Were proud of our advisors who've earned this distinguished recognition from Barrons, said Bill Williams, Executive Vice President of the firms independent advisor channel. In addition to running successful businesses, our advisors help clients stay the course when life throws a curveballbecause long-term goal achievement often comes down to a series of small decisions that add up over time. We congratulate the advisors who have the honor of being named a Barrons top advisor, said Pat OConnell, Executive Vice President of the firms employee advisor and financial institutions channels. We recognize the deep commitment these advisors have to their clients and the exceptional experience they deliver through long-term financial advice, quality service and industry-leading technology capabilities, all of which help them stand out among their peers. The full list of Barrons Top 1,200 Financial Advisors can be found at Barrons.com. Visit barrons.com for additional information about Barrons. Source: Barrons, March 12, 2021 Barrons Top 1,200 Financial Advisors. Barrons is a registered trademark of Dow Jones, L.P.; all rights reserved. Barrons listings are based on data compiled by many of the nations most productive advisors, which is then submitted to and judged by Barrons. Key factors and criteria include: assets under management, revenue produced for the firm, regulatory and compliance record, and years of professional experience. Barrons is a registered trademark of Dow Jones, L.P.; all rights reserved. This award is not indicative of this advisors future performance. Ameriprise Financial Services, LLC., Member FINRA and SIPC 2021 Ameriprise Financial, Inc. All rights reserved.
Answer: | 67 Ameriprise Financial Advisors Named to the Barrons Top 1,200 Financial Advisors List | MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial Inc. (NYSE: AMP), today announced that 67 financial advisors were named to Barrons list of Top 1,200 Financial Advisors in the country. Barrons magazine recognizes the industrys top advisors based on several factors, which include levels of ethical standards, professionalism and success in the business. The rankings are based on data provided by more than 4,000 of the nations most productive advisors. Were proud of our advisors who've earned this distinguished recognition from Barrons, said Bill Williams, Executive Vice President of the firms independent advisor channel. In addition to running successful businesses, our advisors help clients stay the course when life throws a curveballbecause long-term goal achievement often comes down to a series of small decisions that add up over time. We congratulate the advisors who have the honor of being named a Barrons top advisor, said Pat OConnell, Executive Vice President of the firms employee advisor and financial institutions channels. We recognize the deep commitment these advisors have to their clients and the exceptional experience they deliver through long-term financial advice, quality service and industry-leading technology capabilities, all of which help them stand out among their peers. The full list of Barrons Top 1,200 Financial Advisors can be found at Barrons.com. Visit barrons.com for additional information about Barrons. Source: Barrons, March 12, 2021 Barrons Top 1,200 Financial Advisors. Barrons is a registered trademark of Dow Jones, L.P.; all rights reserved. Barrons listings are based on data compiled by many of the nations most productive advisors, which is then submitted to and judged by Barrons. Key factors and criteria include: assets under management, revenue produced for the firm, regulatory and compliance record, and years of professional experience. Barrons is a registered trademark of Dow Jones, L.P.; all rights reserved. This award is not indicative of this advisors future performance. Ameriprise Financial Services, LLC., Member FINRA and SIPC 2021 Ameriprise Financial, Inc. All rights reserved. |
edtsum579 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: MEXICO CITY, July 2, 2020 /PRNewswire/ --Magna Imperio Systems Corp. (MI Systems), a leading provider of innovative water treatment solutions, is collaborating with SacMex to provide thousands in Mexico City with a sustainable potable water source in record-breaking time. Amidst a global pandemic, MIS and SacMex will provide approximately 40,000 families who do not have access to this life-sustaining resource. Mexico City is struggling to provide the growing population with enough water, and the water supply is of inferior quality. Hundreds of miles of pipes from faraway lakes and rivers supply about 30 percent of Mexico City's water needs. The rest comes from a vast underground aquifer where twice as much water is pumped as is replenished. Mexico City is struggling to provide the growing population with enough water, and the water supply is of inferior quality. Even before a global pandemic, water riddled with heavy metals from the soil and a high bacteria content created a global health crisis. In March 2020, when Covid-19 started to make its way around the world, it became clear that Mexico City's long-standing issue in securing potable water for its growing population of approximately 22 million people would become increasingly urgent. The government of Mexico City immediately tasked SacMex, the prestigious institution responsible for bringing water to millions of homes all over Mexico City, with delivering potable water to approximately 40,000 families who do not have access to it. To achieve their goal, SacMex went in search of a partner that could offer innovative water treatment technology. "SacMex interviewed companies all over the world, searching for one that could help them build a plant that could provide a potable water stream of 60 liters per second within the deadline of 12 weeks," said MIS LATAM Director, Alfonso Llorens. "MI Systems was the only one that could help." MI Systems will use their END technology to treat well water saturated with high amounts of heavy metals and high amounts of TOC, Total Organic Carbon. Usually, a plant this size would take 6-9 months to build, but END technology enables them to build the plant and deliver water within the 12-week deadline. Not only can they meet the deadline, but MIS committed to providing 90 percent efficiency for low water waste with low energy expenditure, making it a more economical venture."It is an interesting challenge. Due to the pandemic, many suppliers are shut down or almost shut down, but we are working night and day to meet the delivery deadline," Llorens said. "People need water right now, especially during a global pandemic."The SacMex Project aims to deliver water to homes by July 8, 2020.About Magna Imperio SystemsMagna Imperio Systems Corp. is a Texas-based national and international water treatment solutions company that designs, develops, and manufactures the highest recovery, most energy- and cost-efficient water treatment systems in the world. The core of MI Systems' water treatment solutions is its patented Electrochemical Nano Diffusion (END) process, a transformation of the long-established electrodialysis reversal (EDR) process, which has established new benchmarks in terms of energy efficiency and recovery for desalination technology. END offers up to 60% energy savings versus traditional treatment technologies, with clean water recoveries up to 99+%, capitalizing on the far-reaching impacts of Maximum Recovery, Minimum Energy.This level of recovery extends the life of each drop, and clients can minimize waste, indirectly treat various water sources or recycle and reuse their wastewater for future processes. They are thus cutting costs by increasing their available water supply without purchasing additional water.Media Contact:Sanny VisserGlobal Imprint828-719-7464[emailprotected]SOURCE Magna Imperio Systems Corp.
Answer: | SacMex and Magna Imperio Systems Corp. to Supply Tens of Thousands in Mexico City with Clean Water Amidst Pandemic English Latin America - espaol | MEXICO CITY, July 2, 2020 /PRNewswire/ --Magna Imperio Systems Corp. (MI Systems), a leading provider of innovative water treatment solutions, is collaborating with SacMex to provide thousands in Mexico City with a sustainable potable water source in record-breaking time. Amidst a global pandemic, MIS and SacMex will provide approximately 40,000 families who do not have access to this life-sustaining resource. Mexico City is struggling to provide the growing population with enough water, and the water supply is of inferior quality. Hundreds of miles of pipes from faraway lakes and rivers supply about 30 percent of Mexico City's water needs. The rest comes from a vast underground aquifer where twice as much water is pumped as is replenished. Mexico City is struggling to provide the growing population with enough water, and the water supply is of inferior quality. Even before a global pandemic, water riddled with heavy metals from the soil and a high bacteria content created a global health crisis. In March 2020, when Covid-19 started to make its way around the world, it became clear that Mexico City's long-standing issue in securing potable water for its growing population of approximately 22 million people would become increasingly urgent. The government of Mexico City immediately tasked SacMex, the prestigious institution responsible for bringing water to millions of homes all over Mexico City, with delivering potable water to approximately 40,000 families who do not have access to it. To achieve their goal, SacMex went in search of a partner that could offer innovative water treatment technology. "SacMex interviewed companies all over the world, searching for one that could help them build a plant that could provide a potable water stream of 60 liters per second within the deadline of 12 weeks," said MIS LATAM Director, Alfonso Llorens. "MI Systems was the only one that could help." MI Systems will use their END technology to treat well water saturated with high amounts of heavy metals and high amounts of TOC, Total Organic Carbon. Usually, a plant this size would take 6-9 months to build, but END technology enables them to build the plant and deliver water within the 12-week deadline. Not only can they meet the deadline, but MIS committed to providing 90 percent efficiency for low water waste with low energy expenditure, making it a more economical venture."It is an interesting challenge. Due to the pandemic, many suppliers are shut down or almost shut down, but we are working night and day to meet the delivery deadline," Llorens said. "People need water right now, especially during a global pandemic."The SacMex Project aims to deliver water to homes by July 8, 2020.About Magna Imperio SystemsMagna Imperio Systems Corp. is a Texas-based national and international water treatment solutions company that designs, develops, and manufactures the highest recovery, most energy- and cost-efficient water treatment systems in the world. The core of MI Systems' water treatment solutions is its patented Electrochemical Nano Diffusion (END) process, a transformation of the long-established electrodialysis reversal (EDR) process, which has established new benchmarks in terms of energy efficiency and recovery for desalination technology. END offers up to 60% energy savings versus traditional treatment technologies, with clean water recoveries up to 99+%, capitalizing on the far-reaching impacts of Maximum Recovery, Minimum Energy.This level of recovery extends the life of each drop, and clients can minimize waste, indirectly treat various water sources or recycle and reuse their wastewater for future processes. They are thus cutting costs by increasing their available water supply without purchasing additional water.Media Contact:Sanny VisserGlobal Imprint828-719-7464[emailprotected]SOURCE Magna Imperio Systems Corp. |
edtsum580 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: WATERBURY, Conn., March 25,2020 /PRNewswire/ --The World Health Organizationhas declared a pandemic as COVID-19 rapidly spreads across the world. The Centers for Disease Control and Prevention (CDC)recommends frequent handwashing for at least 20 seconds with soap and water to protect against COVID-19. Eemaxtankless electric water heaters can help to prevent the spread of infectious diseases by making comfortable handwashing available to all. (PRNewsfoto/Eemax) "Eemax water heating equipment is vital for health and safety, particularly for water heating, disinfecting homes, food and medical sanitation, handwashing, and emergency eye and drench showers for oil, gas and chemical industries and the military," saidJens Bolleyer, Eemax VP and General Manager. "Without hot water, people are less likely to wash their hands for a minimum of 20 seconds." Eemax products are applied in various settings critical to helping combat the further spread of COVID-19 including single-family homes, multifamily residences, hospitals, critical care facilities, geriatric residential facilities, rehabilitation facilities, government buildings, military installations, manufacturing facilities, and food and agricultural service wash-downs.Without water heating equipment to disinfect and facilitate proper hygiene, Americans, and front-line healthcare providers, will be at further risk. Eemax tankless electric water heaters can be installed at the point of use with just a single input water line and do not require venting to save money in labor and materials costs. They save space, thanks to their compact size, which allows them to fit almost anywhere. Proprietary active energy management and power modulating controls maintain temperature stability and save energy. Eemax Handwashing Collections:LavAdvantage: Thermostatic tankless electric water heater with an industry leading flow activation of 0.2 GPM for multiple sensor or metering faucets.AccuMix II: Thermostatic Tankless electric water heater with integrated ASSE 1070-rated mixing valve for code-compliant handwashing.FlowCo:Non-thermostatic tankless electric water heater for single sensor or metered faucets.Eemax has been developing a continuing education course titled, 'The Importance of Effective Handwashing and its Impact on Global Health,' which will empower trade professionals with code compliant handwashing solutions and public health agency guidelines and regulatory statutes. Participants will learn how hot water can impact the health efficacy of handwashing, and the barriers to effective handwashing including: location, equipment, temperature, water volume and flow.SOURCE Eemax Related Links http://www.eemax.com/
Answer: | Eemax Delivers Safe, On-Demand Hot Water for Handwashing Tankless electric water heaters help prevent the spread of infectious diseases | WATERBURY, Conn., March 25,2020 /PRNewswire/ --The World Health Organizationhas declared a pandemic as COVID-19 rapidly spreads across the world. The Centers for Disease Control and Prevention (CDC)recommends frequent handwashing for at least 20 seconds with soap and water to protect against COVID-19. Eemaxtankless electric water heaters can help to prevent the spread of infectious diseases by making comfortable handwashing available to all. (PRNewsfoto/Eemax) "Eemax water heating equipment is vital for health and safety, particularly for water heating, disinfecting homes, food and medical sanitation, handwashing, and emergency eye and drench showers for oil, gas and chemical industries and the military," saidJens Bolleyer, Eemax VP and General Manager. "Without hot water, people are less likely to wash their hands for a minimum of 20 seconds." Eemax products are applied in various settings critical to helping combat the further spread of COVID-19 including single-family homes, multifamily residences, hospitals, critical care facilities, geriatric residential facilities, rehabilitation facilities, government buildings, military installations, manufacturing facilities, and food and agricultural service wash-downs.Without water heating equipment to disinfect and facilitate proper hygiene, Americans, and front-line healthcare providers, will be at further risk. Eemax tankless electric water heaters can be installed at the point of use with just a single input water line and do not require venting to save money in labor and materials costs. They save space, thanks to their compact size, which allows them to fit almost anywhere. Proprietary active energy management and power modulating controls maintain temperature stability and save energy. Eemax Handwashing Collections:LavAdvantage: Thermostatic tankless electric water heater with an industry leading flow activation of 0.2 GPM for multiple sensor or metering faucets.AccuMix II: Thermostatic Tankless electric water heater with integrated ASSE 1070-rated mixing valve for code-compliant handwashing.FlowCo:Non-thermostatic tankless electric water heater for single sensor or metered faucets.Eemax has been developing a continuing education course titled, 'The Importance of Effective Handwashing and its Impact on Global Health,' which will empower trade professionals with code compliant handwashing solutions and public health agency guidelines and regulatory statutes. Participants will learn how hot water can impact the health efficacy of handwashing, and the barriers to effective handwashing including: location, equipment, temperature, water volume and flow.SOURCE Eemax Related Links http://www.eemax.com/ |
edtsum581 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: EVANSVILLE, Ind.--(BUSINESS WIRE)--OneMain Holdings, Inc. (NYSE: OMF) today reported pretax income of $476 million and net income of $359 million for the fourth quarter of 2020, compared to $344 million and $261 million, respectively, in the prior year quarter. Earnings per diluted share were $2.67 in the fourth quarter of 2020, compared to $1.91 in the prior year quarter. Net income was $730 million for the full year of 2020, compared to $855 million for the full year of 2019. Earnings per diluted share were $5.41 in the full year of 2020, compared to $6.27 in the prior year. On February 8, 2021, OneMain declared a dividend of $3.95 per share payable on February 25, 2021 to record holders of the company's common stock as of the close of business on February 18, 2021. The company expects to maintain a minimum quarterly dividend of $0.45 per share going forward. Dividends above the minimum will be evaluated by the Board every first and third quarters, as is consistent with prior quarters and the company's capital allocation strategy. "Our fourth quarter financial results reflected continued strength across the core drivers of our business, as well as our focused efforts to support customers during this continued period of uncertainty," said Doug Shulman, Chairman and CEO of OneMain. "While the macro environment remains uncertain, we have advanced key strategic initiatives over the past year, and feel confident about our ability to add even more value to our customers, shareholders and other stakeholders as the macro environment stabilizes." The following segment results are reported on a non-GAAP basis. Refer to the required reconciliations of non-GAAP to comparable GAAP measures at the end of this press release. Consumer and Insurance Segment (C&I) C&I generated adjusted pretax income of $498 million and adjusted net income of $373 million for the fourth quarter of 2020, compared to $352 million and $268 million, respectively, in the prior year quarter. Adjusted earnings per diluted share were $2.77 for the fourth quarter of 2020, compared to $1.96 in the prior year quarter. C&I generated adjusted net income of $819 million for the full year of 2020, compared to $916 million in the prior year. Adjusted earnings per diluted share were $6.07 for the full year of 2020, compared to $6.72 in the prior year. Management runs the business based on C&I adjusted net income excluding the change in loan loss reserves net of tax, which was $329 million for the fourth quarter of 2020 and represented a 14% increase versus the prior year period. Management believes this reflects the capital generation of the business. Originations totaled $3.2 billion in the fourth quarter of 2020, down 13% from $3.7 billion in the prior year quarter. The percentage of secured originations was 52% in the fourth quarter of 2020, down from 54% in the prior year quarter. Ending net finance receivables reached $18.1 billion at December 31, 2020, down 2% from $18.4 billion at December 31, 2019. Secured receivables were 53% of ending net finance receivables at December 31, 2020, up from 52% at December 31, 2019. Average net finance receivables were $18.0 billion in the fourth quarter of 2020, down 1% from $18.1 billion in the prior year quarter. Yield was 24.20% in the fourth quarter of 2020, up from 24.09% in the prior year quarter. The increase generally reflected improvement in late stage delinquencies. Interest income in the fourth quarter of 2020 was $1.1 billion, reflecting an $8 million decrease compared to the prior year quarter due to lower average receivables, offset by yield improvement. The provision for finance receivable losses was $130 million in the fourth quarter of 2020, down from $289 million in the prior year quarter, primarily due to the impact of lower net charge-offs and lower delinquencies. The 30-89 day delinquency ratio was 2.28% at December 31, 2020, up from 1.95% at September 30, 2020 and down from 2.47% at December 31, 2019. The 90+ day delinquency ratio was 1.75% at December 31, 2020, up from 1.49% at September 30, 2020 and down from 2.11% at December 31, 2019. The net charge-off ratio was 4.18% in the fourth quarter of 2020, down from 5.20% in the third quarter of 2020 and down from 5.71% in the prior year quarter. Operating expense for the fourth quarter of 2020 was $319 million, down 2% from $327 million in the prior year quarter reflecting our cost discipline and lower variable expenses, partially offset by investment in new products and our operating model evolution. Other During the fourth quarter of 2020, Other generated an adjusted pretax loss of $2 million, compared to an adjusted pretax loss of $1 million in the prior year quarter. Other consists of our liquidating servicing activity from the SpringCastle Portfolio and our non-originating legacy operations, which primarily include our liquidating real estate loans. Funding and Liquidity As of December 31, 2020, the company had principal debt balances outstanding of $18.1 billion, 43% of which was secured and 57% of which was unsecured. The company had $2.3 billion of cash and cash equivalents, which included $211 million of cash and cash equivalents held at our regulated insurance subsidiaries or for other operating activities that are unavailable for general corporate purposes. Our cash and cash equivalents, together with our potential borrowings of $7.2 billion of undrawn committed capacity under our 13 revolving conduit facilities and $9.2 billion of unencumbered gross finance receivables, provides a liquidity runway in excess of 24 months under numerous stress scenarios and assuming no access to the capital markets. This liquidity runway calculation contemplates all the cash needs of the Company. Use of Non-GAAP Financial Measures We report the operating results of Consumer and Insurance and Other using the Segment Accounting Basis, which (i) reflects our allocation methodologies for interest expense and operating costs, to reflect the manner in which we assess our business results and (ii) excludes the impact of applying purchase accounting (eliminates premiums/discounts on our finance receivables and long-term debt at acquisition, as well as the amortization/accretion in future periods). Consumer and Insurance adjusted pretax income (loss), Consumer and Insurance adjusted net income (loss), Consumer and Insurance adjusted earnings (loss) per diluted share and Other adjusted pretax income (loss) are key performance measures used to evaluate the performance of our business. Consumer and Insurance adjusted pretax income (loss) and Other adjusted pretax income (loss) represent income (loss) before income taxes on a Segment Accounting Basis and excludes direct costs associated with COVID-19, net loss resulting from repurchases and repayments of debt, acquisition-related transaction and integration expenses, net gain on sale of cost method investment, restructuring charges, additional net gain on sale of SpringCastle interests, lower of cost and fair value adjustment on loans held for sale, and net loss on sale of real estate loans. We believe these non-GAAP financial measures are useful in assessing the profitability of our segment. We also use pretax capital generation and capital generation, non-GAAP financial measures, as a key performance measure of our segment. Pretax capital generation represents adjusted pretax income, as discussed above, and excludes the change in our allowance for finance receivable losses in the period while still considering the net charge-offs during the period. Capital generation represents the after-tax effect of pretax capital generation. We believe that these non-GAAP measures are useful in assessing the capital created in the period impacting the overall capital adequacy of the Company. We believe that the Companys reserves, combined with its equity, represent the Company's loss absorption capacity. We utilize these non-GAAP measures in evaluating our performance. Additionally, these non-GAAP measures are consistent with the performance goals established in OMHs executive compensation program. These non-GAAP financial measures should be considered supplemental to, but not as a substitute for or superior to, income (loss) before income taxes, net income, or other measures of financial performance prepared in accordance with GAAP. Conference Call & Webcast Information OneMain management will host a conference call and webcast to discuss our fourth quarter 2020 results and other general matters at 8:00 am Eastern Time on Tuesday, February 9, 2021. Both the call and webcast are open to the general public. The general public is invited to listen to the call by dialing 877-330-3668 (U.S. domestic) or 678-304-6859 (international), and using conference ID 7695838, or via a live audio webcast through the Investor Relations section of the website. For those unable to listen to the live broadcast, a replay will be available on our website, or by dialing 800-585-8367 (U.S. domestic) or 404-537-3406, and using conference ID 7695838, beginning approximately two hours after the event. The replay of the conference call will be available via audio webcast through February 24, 2021. An investor presentation will be available on the Investor Relations page of OneMains website at www.omf.com prior to the start of the conference call. This document contains summarized information concerning OneMain Holdings, Inc. (the Company) and the Companys business, operations, financial performance and trends. No representation is made that the information in this document is complete. For additional financial, statistical and business related information see the Company's most recent Annual Report on Form 10-K (Form 10-K) and Quarterly Reports on Form 10-Q (Form 10-Qs) filed with the U.S. Securities and Exchange Commission (the SEC), as well as the Companys other reports filed with the SEC from time to time. Such reports are or will be available in the Investor Relations section of the Company's website (www.omf.com) and the SEC's website (www.sec.gov). Cautionary Note Regarding Forward-Looking Statements This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact but instead represent only managements current beliefs regarding future events. By their nature, forward-looking statements are subject to risks, uncertainties, assumptions and other important factors that may cause actual results, performance or achievements to differ materially from those expressed in or implied by such forward-looking statements. We caution you not to place undue reliance on these forward-looking statements that speak only as of the date on which they were made. We do not undertake any obligation to update or revise these forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events or the non-occurrence of anticipated events, whether as a result of new information, future developments or otherwise, except as required by law. Forward-looking statements include, without limitation, statements concerning future plans (including statements regarding the timing, declaration, amount and payment of any future dividends), objectives, goals, projections, strategies, events or performance, and underlying assumptions and other statements related thereto. Statements preceded by, followed by or that otherwise include the words anticipates, appears, are likely, believes, estimates, expects, foresees, intends, plans, projects and similar expressions or future or conditional verbs such as would, should, could, may, or will, are intended to identify forward-looking statements. Important factors that could cause actual results, performance or achievements to differ materially from those expressed in or implied by forward-looking statements include, without limitation, the following: adverse changes in general economic conditions, including the interest rate environment and the financial markets; risks associated with the global outbreak of a novel strain of coronavirus (COVID-19) and the mitigation efforts by governments and related effects on us, our customers, and employees; our estimates of the allowance for finance receivable losses may not be adequate to absorb actual losses, causing our provision for finance receivable losses to increase, which would adversely affect our results of operations; increased levels of unemployment and personal bankruptcies; adverse changes in the rate at which we can collect or potentially sell our finance receivables portfolio; natural or accidental events such as earthquakes, hurricanes, tornadoes, fires, or floods affecting our customers, collateral, or our branches or other operating facilities; war, acts of terrorism, riots, civil disruption, pandemics, disruptions in the operation of our information systems, or other events disrupting business or commerce; risks related to the acquisition or sale of assets or businesses or the formation, termination or operation of joint ventures or other strategic alliances, including increased loan delinquencies or net charge-offs, integration or migration issues, increased costs of servicing, incomplete records, and retention of customers; a failure in or breach of our operational or security systems or infrastructure or those of third parties, including as a result of cyber-attacks, or other cyber-related incidents involving the loss, theft or unauthorized disclosure of personally identifiable information (PII) of our present or former customers; our credit risk scoring models may be inadequate to properly assess the risk of customer unwillingness or lack of capacity to repay; adverse changes in our ability to attract and retain employees or key executives to support our businesses; increased competition, or changes in customer responsiveness to our distribution channels, an inability to make technological improvements, and the ability of our competitors to offer a more attractive range of personal loan products than we offer; changes in federal, state, or local laws, regulations, or regulatory policies and practices that adversely affect our ability to conduct business or the manner in which we currently are permitted to conduct business, such as licensing requirements, pricing limitations or restrictions on the method of offering products, as well as changes that may result from increased regulatory scrutiny of the sub-prime lending industry, our use of third-party vendors and real estate loan servicing, or changes in corporate or individual income tax laws or regulations, including effects of the Tax Cuts and Jobs Act, the Coronavirus Aid, Relief, and Economic Security Act, and the Consolidated Appropriations Act of 2021; risks associated with our insurance operations, including insurance claims that exceed our expectations or insurance losses that exceed our reserves; our inability to successfully implement our growth strategy for our consumer lending business or successfully acquire portfolios of finance receivables; a change in the proportion of secured loans may affect our finance receivables and portfolio yield; declines in collateral values or increases in actual or projected delinquencies or net charge-offs; potential liability relating to finance receivables which we have sold or securitized or may sell or securitize in the future if it is determined that there was a non-curable breach of a representation or warranty made in connection with such transactions; the costs and effects of any actual or alleged violations of any federal, state or local laws, rules or regulations, including any associated litigation and damage to our reputation; the costs and effects of any fines, penalties, judgments, decrees, orders, inquiries, investigations, subpoenas, or enforcement or other proceedings of any governmental or quasi-governmental agency or authority and any associated litigation; our continued ability to access the capital markets and maintain adequate current sources of funds to satisfy our cash flow requirements; our ability to comply with our debt covenants; our ability to generate sufficient cash to service all of our indebtedness; any material impairment or write-down of the value of our assets; the ownership of OMH's common stock continues to be highly concentrated, which may prevent other minority stockholders from influencing significant corporate decisions and may result in conflicts of interest; the effects of any downgrade of our debt ratings by credit rating agencies, which could have a negative impact on our cost of and/or access to capital; our substantial indebtedness, which could prevent us from meeting our obligations under our debt instruments and limit our ability to react to changes in the economy or our industry or our ability to incur additional borrowings; our ability to maintain sufficient capital levels in our regulated and unregulated subsidiaries; changes in accounting standards or tax policies and practices and the application of such new standards, policies and practices; management estimates and assumptions, including estimates and assumptions about future events, may prove to be incorrect; and other risks and uncertainties described in the Risk Factors and Managements Discussion and Analysis sections of the Companys most recent Form 10-K and Form 10-Qs filed with the SEC and in the Companys other filings with the SEC from time to time. If one or more of these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, our actual results may vary materially from what we may have expressed or implied by these forward-looking statements. You should specifically consider the factors identified in this presentation that could cause actual results to differ before making an investment decision to purchase our securities and should not place undue reliance on any of our forward-looking statements. Furthermore, new risks and uncertainties arise from time to time, and it is impossible for us to predict those events or how they may affect us. OneMain Holdings, Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) Quarter-to-Date Year-to-Date (unaudited, in millions, except per share amounts) 12/31/2020 9/30/2020 12/31/2019 12/31/2020 12/31/2019 Interest income $ 1,096 $ 1,089 $ 1,107 $ 4,368 $ 4,127 Interest expense (246 ) (255 ) (252 ) (1,027 ) (970 ) Provision for finance receivable losses (134 ) (231 ) (293 ) (1,319 ) (1,129 ) Net interest income after provision for finance receivable losses 716 603 562 2,022 2,028 Other Revenues: Insurance 109 109 119 443 460 Investment 19 17 24 75 95 Net loss on repurchases and repayments of debt (1 ) (38 ) (39 ) (35 ) Net gain on sale of real estate loans 3 Other (1) 10 13 19 47 99 Total other revenues 137 101 162 526 622 Other Expenses: Operating expenses (336 ) (320 ) (336 ) (1,329 ) (1,367 ) Insurance policy benefits and claims (41 ) (43 ) (44 ) (242 ) (185 ) Total other expenses (377 ) (363 ) (380 ) (1,571 ) (1,552 ) Income before income taxes 476 341 344 977 1,098 Income taxes (2) (117 ) (91 ) (83 ) (247 ) (243 ) Net income $ 359 $ 250 $ 261 $ 730 $ 855 Weighted average number of diluted shares 134.7 134.5 136.5 134.9 136.3 Diluted EPS $ 2.67 $ 1.86 $ 1.91 $ 5.41 $ 6.27 Book value per basic share $ 25.61 $ 23.25 $ 31.82 $ 25.61 $ 31.82 Return on assets 6.5 % 4.5 % 4.6 % 3.2 % 3.9 % Provision for finance receivable losses 134 231 293 1,319 1,129 Less: Net charge-offs (189 ) (231 ) (263 ) (997 ) (1,031 ) Change in allowance for finance receivable losses $ (55 ) $ $ 30 $ 322 $ 98 Note: Year-to-Date may not sum due to rounding. (1) 4Q20, 3Q20, FY20, and FY19 include an additional net gain on the sale of the SpringCastle interests and the fair value impairment of the remaining loans in finance receivables held for sale. FY19 also includes a gain on sale related to an investment held at cost. (2) FY19 include $22 of discrete tax benefits. OneMain Holdings, Inc. CONSOLIDATED BALANCE SHEETS (UNAUDITED) As of (unaudited, $ in millions) 12/31/2020 9/30/2020 12/31/2019 Assets Cash and cash equivalents $ 2,272 $ 1,944 $ 1,227 Investment securities 1,922 1,882 1,884 Net finance receivables 18,084 17,817 18,389 Unearned insurance premium and claim reserves (771 ) (778 ) (793 ) Allowance for finance receivable losses (2,269 ) (2,324 ) (829 ) Net finance receivables, less unearned insurance premium and claim reserves and allowance for finance receivable losses 15,044 14,715 16,767 Restricted cash and restricted cash equivalents 451 497 405 Goodwill 1,422 1,422 1,422 Other intangible assets 306 315 343 Other assets (1) 1,054 1,082 769 Total assets $ 22,471 $ 21,857 $ 22,817 Liabilities and Shareholders Equity Long-term debt $ 17,800 $ 17,531 $ 17,212 Insurance claims and policyholder liabilities 621 620 649 Deferred and accrued taxes 45 55 34 Other liabilities 564 528 592 Total liabilities 19,030 18,734 18,487 Common stock 1 1 1 Additional paid-in capital 1,655 1,651 1,689 Accumulated other comprehensive income 94 79 44 Retained earnings 1,691 1,392 2,596 Total shareholders equity 3,441 3,123 4,330 Total liabilities and shareholders equity $ 22,471 $ 21,857 $ 22,817 (1) Effective 1Q20, the Finance Receivables Held for Sale are included within 'Other assets'. Prior periods' balance sheet presentations have been revised to conform with this new alignment. OneMain Holdings, Inc. CONSOLIDATED KEY FINANCIAL METRICS (UNAUDITED) As of or Quarter-to-Date As of or Year-to-Date (unaudited, $ in millions) 12/31/2020 9/30/2020 12/31/2019 12/31/2020 12/31/2019 Non-TDR Net Finance Receivables $ 17,393 $ 17,116 $ 17,731 $ 17,393 $ 17,731 TDR Net Finance Receivables 691 701 658 691 658 Net Finance Receivables $ 18,084 $ 17,817 $ 18,389 $ 18,084 $ 18,389 Average Net Receivables $ 17,959 $ 17,740 $ 18,103 $ 17,997 $ 17,055 Average Daily Debt Balances 17,327 17,546 17,261 18,080 16,336 Origination Volume 3,206 2,887 3,685 10,729 13,803 Non-TDR Allowance $ 1,955 $ 2,003 $ 557 $ 1,955 $ 557 TDR Allowance 314 321 272 314 272 Allowance $ 2,269 $ 2,324 $ 829 $ 2,269 $ 829 Non-TDR Allowance Ratio 11.24 % 11.70 % 3.14 % 11.24 % 3.14 % TDR Allowance Ratio 45.46 % 45.85 % 41.31 % 45.46 % 41.31 % Allowance Ratio 12.55 % 13.05 % 4.51 % 12.55 % 4.51 % Gross Charge-Offs $ 231 $ 274 $ 296 $ 1,162 $ 1,157 Recoveries (42 ) (43 ) (33 ) (165 ) (126 ) Net Charge-Offs $ 189 $ 231 $ 263 $ 997 $ 1,031 Gross Charge-Off Ratio 5.12 % 6.14 % 6.48 % 6.46 % 6.79 % Recovery Ratio (0.94 %) (0.95 %) (0.73 %) (0.92 %) (0.74 %) Net Charge-Off Ratio 4.18 % 5.19 % 5.75 % 5.54 % 6.05 % 30-89 Delinquency $ 413 $ 346 $ 453 $ 413 $ 453 30+ Delinquency 729 612 839 729 839 60+ Delinquency 478 397 567 478 567 90+ Delinquency 316 266 386 316 386 30-89 Delinquency Ratio 2.28 % 1.95 % 2.46 % 2.28 % 2.46 % 30+ Delinquency Ratio 4.03 % 3.44 % 4.56 % 4.03 % 4.56 % 60+ Delinquency Ratio 2.64 % 2.23 % 3.08 % 2.64 % 3.08 % 90+ Delinquency Ratio 1.75 % 1.49 % 2.10 % 1.75 % 2.10 % Note: Delinquency ratios are calculated as a percentage of net finance receivables. Charge-off and recovery ratios are calculated as a percentage of average net finance receivables. Ratios may not sum due to rounding. OneMain Holdings, Inc. BALANCE SHEET METRICS (UNAUDITED) As of (unaudited, $ in millions) 12/31/2020 9/30/2020 12/31/2019 Liquidity Cash and cash equivalents $ 2,272 $ 1,944 $ 1,227 Cash and cash equivalents unavailable for general corporate purposes 211 233 182 Unencumbered personal loans 9,194 8,345 9,879 Undrawn conduit facilities 7,200 7,200 7,100 Long-term debt $ 17,800 $ 17,531 $ 17,212 Less: Junior subordinated debt (172 ) (172 ) (172 ) Adjusted Debt $ 17,628 $ 17,359 $ 17,040 Less: Available cash and cash equivalents (2,061 ) (1,711 ) (1,045 ) Net Adjusted Debt $ 15,567 $ 15,648 $ 15,995 Total Shareholders' Equity $ 3,441 $ 3,123 $ 4,330 Less: Goodwill (1,422 ) (1,422 ) (1,422 ) Less: Other intangible assets (306 ) (315 ) (343 ) Plus: Junior subordinated debt 172 172 172 Adjusted Tangible Common Equity $ 1,885 $ 1,558 $ 2,737 Plus: Allowance for finance receivable losses, net of tax (1) 1,702 1,742 630 Adjusted Capital $ 3,587 $ 3,300 $ 3,367 Net Leverage (Net Adjusted Debt to Adjusted Capital) 4.3 x 4.7 x 4.8 x (1) Income taxes assume a 25% tax rate for 2020 and a 24% tax rate for 2019. OneMain Holdings, Inc. CONSOLIDATED RETURN ON RECEIVABLES (UNAUDITED) Quarter-to-Date Year-to-Date (unaudited, $ in millions) 12/31/2020 9/30/2020 12/31/2019 12/31/2020 12/31/2019 Revenue (1) 26.4 % 25.7 % 26.8 % 25.9 % 26.8 % Net Charge-Off (4.2 %) (5.2 %) (5.8 %) (5.5 %) (6.0 %) Risk Adjusted Margin 22.2 % 20.5 % 21.1 % 20.3 % 20.7 % Operating Expenses (7.4 %) (7.2 %) (7.3 %) (7.4 %) (8.0 %) Unlevered Return on Receivables 14.8 % 13.4 % 13.7 % 12.9 % 12.7 % Interest Expense (5.5 %) (5.7 %) (5.5 %) (5.7 %) (5.7 %) Change in Allowance 1.2 % % (0.7 %) (1.8 %) (0.6 %) Income Tax Expense (2.6 %) (2.1 %) (1.8 %) (1.4 %) (1.4 %) Return on Receivables 8.0 % 5.6 % 5.7 % 4.1 % 5.0 % Note: All ratios are based on consolidated results as a percentage of average net finance receivables. Ratios may not sum due to rounding. (1) Revenue includes interest income on finance receivables plus other revenues less insurance policy benefits and claims. OneMain Holdings, Inc. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (UNAUDITED) Quarter-to-Date Year-to-Date (unaudited, $ in millions) 12/31/2020 9/30/2020 12/31/2019 12/31/2020 12/31/2019 Consumer & Insurance $ 491 $ 351 $ 354 $ 1,021 $ 1,168 Other (4 ) (2 ) (1 ) (9 ) (3 ) Segment to GAAP Adjustment (11 ) (8 ) (9 ) (35 ) (67 ) Income Before Income Taxes - GAAP basis $ 476 $ 341 $ 344 $ 977 $ 1,098 Pretax Income - Segment Accounting Basis $ 491 $ 351 $ 354 $ 1,021 $ 1,168 Direct Costs Associated with COVID-19 5 4 17 Acquisition-Related Transaction and Integration Expenses 1 2 (2 ) 11 14 Net Loss on Repurchases and Repayments of Debt (1) 1 35 36 30 Net Gain on Sale of Cost Method Investment (11 ) Restructuring Charges 1 7 5 Consumer & Insurance Adjusted Pretax Income (non-GAAP) $ 498 $ 393 $ 352 $ 1,092 $ 1,206 Pretax Loss - Segment Accounting Basis $ (4 ) $ (2 ) $ (1 ) $ (9 ) $ (3 ) Additional Net Gain on Sale of SpringCastle Interests (4 ) (4 ) (7 ) Lower of Cost or Fair Value Adjustment (2) 2 4 7 Net Loss on Sale of Real Estate Loans (3) 1 Other Adjusted Pretax Loss (non-GAAP) $ (2 ) $ (2 ) $ (1 ) $ (6 ) $ (9 ) Springleaf Debt Discount Accretion $ (3 ) $ (4 ) $ (5 ) $ (18 ) $ (21 ) OMFH LLR Provision Catch-up (4 ) (3 ) (8 ) (22 ) OMFH Receivable Premium Amortization (2 ) (2 ) (13 ) OMFH Receivable Discount Accretion 2 2 3 13 12 Other (6 ) (6 ) (2 ) (20 ) (23 ) Total Segment to GAAP Adjustment $ (11 ) $ (8 ) $ (9 ) $ (35 ) $ (67 ) Note: Year-to-Date may not sum due to rounding. (1) Amounts differ from those presented on "Consolidated Statements of Operations (Unaudited)" page as a result of purchase accounting adjustments that are not applicable on a Segment Accounting Basis. (2) In 4Q20, 3Q20, and FY20, the carrying value of our remaining real estate loans classified in finance receivables held for sale exceeded their fair value, and accordingly, the loans have been marked to fair value with an impairment being recorded in other revenue. (3) In FY19, the gain on the sale of the real estate loans sold has been combined with the resulting fair value impairment of the remaining loans in finance receivables held for sale. OneMain Holdings, Inc. RECONCILIATION OF KEY SEGMENT METRICS (UNAUDITED) (Non-GAAP) As of (unaudited, $ in millions) 12/31/2020 9/30/2020 12/31/2019 Consumer & Insurance $ 18,091 $ 17,826 $ 18,421 Other Segment to GAAP Adjustment (7 ) (9 ) (32 ) Net Finance Receivables - GAAP basis (1) $ 18,084 $ 17,817 $ 18,389 Consumer & Insurance $ 2,283 $ 2,342 $ 849 Other Segment to GAAP Adjustment (14 ) (18 ) (20 ) Allowance for Finance Receivable Losses - GAAP basis (1) $ 2,269 $ 2,324 $ 829 (1) As a result of the adoption of ASU 2016-13, we converted all purchased credit impaired finance receivables to purchased credit deteriorated finance receivables in accordance with ASC Topic 326, which resulted in the gross-up of net finance receivables and allowance for finance receivable losses of $15 on January 1, 2020. OneMain Holdings, Inc. CONSUMER & INSURANCE SEGMENT (UNAUDITED) (Non-GAAP) Quarter-to-Date Year-to-Date (unaudited, in millions, except per share amounts) 12/31/2020 9/30/2020 12/31/2019 12/31/2020 12/31/2019 Interest income $ 1,093 $ 1,086 $ 1,101 $ 4,353 $ 4,114 Interest expense (242 ) (250 ) (247 ) (1,007 ) (947 ) Provision for finance receivable losses (130 ) (232 ) (289 ) (1,313 ) (1,105 ) Net interest income after provision for finance receivable losses 721 604 565 2,033 2,062 Insurance 109 109 119 443 460 Investment 19 17 24 75 96 Other 9 8 15 33 63 Total other revenues 137 134 158 551 619 Operating expenses (319 ) (302 ) (327 ) (1,250 ) (1,290 ) Insurance policy benefits and claims (41 ) (43 ) (44 ) (242 ) (185 ) Total other expenses (360 ) (345 ) (371 ) (1,492 ) (1,475 ) Adjusted pretax income (non-GAAP) 498 393 352 1,092 1,206 Income taxes (1) (125 ) (99 ) (84 ) (273 ) (290 ) Adjusted net income (non-GAAP) $ 373 $ 294 $ 268 $ 819 $ 916 Weighted average number of diluted shares 134.7 134.5 136.5 134.9 136.3 C&I adjusted diluted EPS (2) $ 2.77 $ 2.19 $ 1.96 $ 6.07 $ 6.72 Note: Year-to-Date may not sum due to rounding. (1) Income taxes assume a 25% tax rate for 2020 and a 24% tax rate for 2019. (2) C&I adjusted diluted EPS is calculated as the C&I adjusted net income (non-GAAP) divided by the weighted average number of diluted shares outstanding. OneMain Holdings, Inc. CONSUMER & INSURANCE SEGMENT METRICS (UNAUDITED) (Non-GAAP) Quarter-to-Date Year-to-Date (unaudited, $ in millions) 12/31/2020 9/30/2020 12/31/2019 12/31/2020 12/31/2019 Revenue (1) 26.3 % 26.4 % 26.6 % 25.9 % 26.6 % Net Charge-Off (4.2 %) (5.2 %) (5.7 %) (5.5 %) (6.0 %) Risk Adjusted Margin 22.1 % 21.2 % 20.8 % 20.3 % 20.6 % Operating Expenses (7.1 %) (6.8 %) (7.1 %) (6.9 %) (7.5 %) Unlevered Return on Receivables 15.1 % 14.4 % 13.7 % 13.4 % 13.0 % Interest Expense (5.4 %) (5.6 %) (5.4 %) (5.6 %) (5.5 %) Change in Allowance 1.3 % % (0.6 %) (1.8 %) (0.4 %) Income Tax Expense (2) (2.8 %) (2.2 %) (1.8 %) (1.5 %) (1.7 %) Return on Receivables 8.3 % 6.6 % 5.9 % 4.5 % 5.4 % Note: Consumer & Insurance financial information is presented on an adjusted Segment Accounting Basis. All ratios are shown as a percentage of C&I average net finance receivables. Ratios may not sum due to rounding. (1) Revenue includes interest income on finance receivables plus other revenues less insurance policy benefits and claims. (2) Income taxes assume a 25% tax rate for 2020 and a 24% tax rate for 2019. OneMain Holdings, Inc. CONSUMER & INSURANCE CAPITAL METRICS (UNAUDITED) (Non-GAAP) Quarter-to-Date Year-to-Date (unaudited, in millions) 12/31/2020 9/30/2020 12/31/2019 12/31/2020 12/31/2019 Provision for finance receivable losses $ 130 $ 232 $ 289 $ 1,313 $ 1,105 Less: Net charge-offs (189 ) (232 ) (261 ) (998 ) (1,028 ) Change in C&I allowance for finance receivable losses (non-GAAP) (59 ) 28 315 77 Adjusted pretax income (non-GAAP) 498 393 352 1,092 1,206 Pretax capital generation(1) (non-GAAP) 439 393 380 1,407 1,283 Capital generation, net of tax(1), (2) (non-GAAP) $ 329 $ 294 $ 289 $ 1,056 $ 975 Beginning Adjusted Capital $ 3,300 $ 3,339 $ 3,099 $ 3,367 $ 2,733 Capital Generation, net of tax(1), (2) (non-GAAP) 329 294 289 1,056 975 Less: Common Stock Repurchased and Retired (45 ) Less: Cash Dividends (61 ) (315 ) (34 ) (807 ) (410 ) Capital Returns (61 ) (315 ) (34 ) (852 ) (410 ) Less: Adjustments to C&I, net of tax (2), (3) (8 ) (43 ) (4 ) (81 ) (55 ) Less: Change in the Assumed Tax Rate (2) (8 ) Less: Withholding Tax on Share-based Compensation (6 ) (5 ) Less: Adjusted Other Net Loss, net of tax (2) (non-GAAP) (1 ) (1 ) (1 ) (4 ) (7 ) Plus: Other Comprehensive Income 15 14 6 50 78 Plus: Purchased Credit Deteriorated Finance Receivables Gross-up, net of tax (2), (4) 11 Plus: Other Intangibles Amortization 9 9 9 37 45 Plus: Share-based Compensation Expense, net of forfeitures 4 3 3 17 13 Other 19 (18 ) 13 16 69 Ending Adjusted Capital $ 3,587 $ 3,300 $ 3,367 $ 3,587 $ 3,367 Note: Year-to-Date may not sum due to rounding. (1) Pretax capital generation (non-GAAP) represents adjusted pretax income (non-GAAP) excluding change in C&I allowance for finance receivable losses (non-GAAP). Capital generation (non-GAAP) represents adjusted net income (non-GAAP) excluding change in C&I allowance for finance receivable losses, net of tax (non-GAAP). (2) Income taxes assume a 25% tax rate for 2020 and a 24% tax rate for 2019. (3) Includes the effects of purchase accounting adjustments excluding loan loss reserves. (4) As a result of the adoption of ASU 2016-13, we converted all purchased credit impaired finance receivables to purchased credit deteriorated finance receivables in accordance with ASC Topic 326, which resulted in the gross-up of net finance receivables and allowance for finance receivable losses of $15 on January 1, 2020. OneMain Holdings, Inc. CONSUMER AND INSURANCE SEGMENT - KEY FINANCIAL METRICS (UNAUDITED) (Non-GAAP) As of or Quarter-to-Date As of or Year-to-Date (unaudited, $ in millions) 12/31/2020 9/30/2020 12/31/2019 12/31/2020 12/31/2019 Non-TDR Net Finance Receivables $ 17,363 $ 17,083 $ 17,700 $ 17,363 $ 17,700 TDR Net Finance Receivables 728 743 721 728 721 Net Finance Receivables (1) $ 18,091 $ 17,826 $ 18,421 $ 18,091 $ 18,421 Average Net Receivables $ 17,966 $ 17,750 $ 18,136 $ 18,009 $ 17,089 Origination Volume 3,206 2,887 3,685 10,729 13,803 Non-TDR Allowance $ 1,951 $ 1,998 $ 557 $ 1,951 $ 557 TDR Allowance 332 344 292 332 292 Allowance (1) $ 2,283 $ 2,342 $ 849 $ 2,283 $ 849 Non-TDR Allowance Ratio 11.24 % 11.70 % 3.15 % 11.24 % 3.15 % TDR Allowance Ratio 45.55 % 46.33 % 40.46 % 45.55 % 40.46 % Allowance Ratio 12.62 % 13.14 % 4.61 % 12.62 % 4.61 % Gross Charge-Offs $ 231 $ 274 $ 299 $ 1,163 $ 1,172 Recoveries (42 ) (42 ) (38 ) (165 ) (143 ) Net Charge-Offs $ 189 $ 232 $ 261 $ 998 $ 1,028 Gross Charge-Off Ratio 5.12 % 6.15 % 6.53 % 6.46 % 6.86 % Recovery Ratio (0.94 %) (0.95 %) (0.82 %) (0.92 %) (0.84 %) Net Charge-Off Ratio 4.18 % 5.20 % 5.71 % 5.54 % 6.02 % 30-89 Delinquency $ 413 $ 348 $ 455 $ 413 $ 455 30+ Delinquency 729 614 843 729 843 60+ Delinquency 478 398 570 478 570 90+ Delinquency 316 266 388 316 388 30-89 Delinquency Ratio 2.28 % 1.95 % 2.47 % 2.28 % 2.47 % 30+ Delinquency Ratio 4.03 % 3.44 % 4.58 % 4.03 % 4.58 % 60+ Delinquency Ratio 2.64 % 2.23 % 3.09 % 2.64 % 3.09 % 90+ Delinquency Ratio 1.75 % 1.49 % 2.11 % 1.75 % 2.11 % Note: Consumer & Insurance financial information is presented on an adjusted Segment Accounting Basis. Delinquency ratios are calculated as a percentage of C&I net finance receivables. Charge-off and recovery ratios are calculated as a percentage of C&I average net finance receivables. Numbers may not sum due to rounding. (1) For reconciliation to GAAP, see "Reconciliation of Key Segment Metrics (Unaudited) (Non-GAAP)." OneMain Holdings, Inc. OTHER (UNAUDITED) (Non-GAAP) Quarter-to-Date Year-to-Date (unaudited, $ in millions) 12/31/2020 9/30/2020 12/31/2019 12/31/2020 12/31/2019 Interest income $ 2 $ 1 $ 3 $ 6 $ 9 Interest expense (1 ) (1 ) (1 ) (4 ) (5 ) Net interest income 1 2 2 4 Other revenues 3 4 5 16 26 Other expenses (6 ) (6 ) (8 ) (24 ) (39 ) Adjusted pretax loss (non-GAAP) $ (2 ) $ (2 ) $ (1 ) $ (6 ) $ (9 ) Net finance receivables held for sale (1) $ 49 $ 54 $ 66 $ 49 $ 66 Note: Other financial information is presented on an adjusted Segment Accounting Basis. (1) Effective 1Q20, the Net Finance Receivables Held for Sale are included within 'Other assets' on our Consolidated Balance Sheets. Prior periods' balance sheet presentations have been revised to conform with this new alignment.
Answer: | OneMain Holdings, Inc. Reports Fourth Quarter 2020 Results 4Q 2020 diluted EPS of $2.67 4Q 2020 C&I adjusted diluted EPS of $2.77 4Q 2020 C&I Ending Net Finance Receivables of $18.1 billion 4Q 2020 C&I Net Charge-Off ratio of 4.18% Declares dividend of $3.95 per share | EVANSVILLE, Ind.--(BUSINESS WIRE)--OneMain Holdings, Inc. (NYSE: OMF) today reported pretax income of $476 million and net income of $359 million for the fourth quarter of 2020, compared to $344 million and $261 million, respectively, in the prior year quarter. Earnings per diluted share were $2.67 in the fourth quarter of 2020, compared to $1.91 in the prior year quarter. Net income was $730 million for the full year of 2020, compared to $855 million for the full year of 2019. Earnings per diluted share were $5.41 in the full year of 2020, compared to $6.27 in the prior year. On February 8, 2021, OneMain declared a dividend of $3.95 per share payable on February 25, 2021 to record holders of the company's common stock as of the close of business on February 18, 2021. The company expects to maintain a minimum quarterly dividend of $0.45 per share going forward. Dividends above the minimum will be evaluated by the Board every first and third quarters, as is consistent with prior quarters and the company's capital allocation strategy. "Our fourth quarter financial results reflected continued strength across the core drivers of our business, as well as our focused efforts to support customers during this continued period of uncertainty," said Doug Shulman, Chairman and CEO of OneMain. "While the macro environment remains uncertain, we have advanced key strategic initiatives over the past year, and feel confident about our ability to add even more value to our customers, shareholders and other stakeholders as the macro environment stabilizes." The following segment results are reported on a non-GAAP basis. Refer to the required reconciliations of non-GAAP to comparable GAAP measures at the end of this press release. Consumer and Insurance Segment (C&I) C&I generated adjusted pretax income of $498 million and adjusted net income of $373 million for the fourth quarter of 2020, compared to $352 million and $268 million, respectively, in the prior year quarter. Adjusted earnings per diluted share were $2.77 for the fourth quarter of 2020, compared to $1.96 in the prior year quarter. C&I generated adjusted net income of $819 million for the full year of 2020, compared to $916 million in the prior year. Adjusted earnings per diluted share were $6.07 for the full year of 2020, compared to $6.72 in the prior year. Management runs the business based on C&I adjusted net income excluding the change in loan loss reserves net of tax, which was $329 million for the fourth quarter of 2020 and represented a 14% increase versus the prior year period. Management believes this reflects the capital generation of the business. Originations totaled $3.2 billion in the fourth quarter of 2020, down 13% from $3.7 billion in the prior year quarter. The percentage of secured originations was 52% in the fourth quarter of 2020, down from 54% in the prior year quarter. Ending net finance receivables reached $18.1 billion at December 31, 2020, down 2% from $18.4 billion at December 31, 2019. Secured receivables were 53% of ending net finance receivables at December 31, 2020, up from 52% at December 31, 2019. Average net finance receivables were $18.0 billion in the fourth quarter of 2020, down 1% from $18.1 billion in the prior year quarter. Yield was 24.20% in the fourth quarter of 2020, up from 24.09% in the prior year quarter. The increase generally reflected improvement in late stage delinquencies. Interest income in the fourth quarter of 2020 was $1.1 billion, reflecting an $8 million decrease compared to the prior year quarter due to lower average receivables, offset by yield improvement. The provision for finance receivable losses was $130 million in the fourth quarter of 2020, down from $289 million in the prior year quarter, primarily due to the impact of lower net charge-offs and lower delinquencies. The 30-89 day delinquency ratio was 2.28% at December 31, 2020, up from 1.95% at September 30, 2020 and down from 2.47% at December 31, 2019. The 90+ day delinquency ratio was 1.75% at December 31, 2020, up from 1.49% at September 30, 2020 and down from 2.11% at December 31, 2019. The net charge-off ratio was 4.18% in the fourth quarter of 2020, down from 5.20% in the third quarter of 2020 and down from 5.71% in the prior year quarter. Operating expense for the fourth quarter of 2020 was $319 million, down 2% from $327 million in the prior year quarter reflecting our cost discipline and lower variable expenses, partially offset by investment in new products and our operating model evolution. Other During the fourth quarter of 2020, Other generated an adjusted pretax loss of $2 million, compared to an adjusted pretax loss of $1 million in the prior year quarter. Other consists of our liquidating servicing activity from the SpringCastle Portfolio and our non-originating legacy operations, which primarily include our liquidating real estate loans. Funding and Liquidity As of December 31, 2020, the company had principal debt balances outstanding of $18.1 billion, 43% of which was secured and 57% of which was unsecured. The company had $2.3 billion of cash and cash equivalents, which included $211 million of cash and cash equivalents held at our regulated insurance subsidiaries or for other operating activities that are unavailable for general corporate purposes. Our cash and cash equivalents, together with our potential borrowings of $7.2 billion of undrawn committed capacity under our 13 revolving conduit facilities and $9.2 billion of unencumbered gross finance receivables, provides a liquidity runway in excess of 24 months under numerous stress scenarios and assuming no access to the capital markets. This liquidity runway calculation contemplates all the cash needs of the Company. Use of Non-GAAP Financial Measures We report the operating results of Consumer and Insurance and Other using the Segment Accounting Basis, which (i) reflects our allocation methodologies for interest expense and operating costs, to reflect the manner in which we assess our business results and (ii) excludes the impact of applying purchase accounting (eliminates premiums/discounts on our finance receivables and long-term debt at acquisition, as well as the amortization/accretion in future periods). Consumer and Insurance adjusted pretax income (loss), Consumer and Insurance adjusted net income (loss), Consumer and Insurance adjusted earnings (loss) per diluted share and Other adjusted pretax income (loss) are key performance measures used to evaluate the performance of our business. Consumer and Insurance adjusted pretax income (loss) and Other adjusted pretax income (loss) represent income (loss) before income taxes on a Segment Accounting Basis and excludes direct costs associated with COVID-19, net loss resulting from repurchases and repayments of debt, acquisition-related transaction and integration expenses, net gain on sale of cost method investment, restructuring charges, additional net gain on sale of SpringCastle interests, lower of cost and fair value adjustment on loans held for sale, and net loss on sale of real estate loans. We believe these non-GAAP financial measures are useful in assessing the profitability of our segment. We also use pretax capital generation and capital generation, non-GAAP financial measures, as a key performance measure of our segment. Pretax capital generation represents adjusted pretax income, as discussed above, and excludes the change in our allowance for finance receivable losses in the period while still considering the net charge-offs during the period. Capital generation represents the after-tax effect of pretax capital generation. We believe that these non-GAAP measures are useful in assessing the capital created in the period impacting the overall capital adequacy of the Company. We believe that the Companys reserves, combined with its equity, represent the Company's loss absorption capacity. We utilize these non-GAAP measures in evaluating our performance. Additionally, these non-GAAP measures are consistent with the performance goals established in OMHs executive compensation program. These non-GAAP financial measures should be considered supplemental to, but not as a substitute for or superior to, income (loss) before income taxes, net income, or other measures of financial performance prepared in accordance with GAAP. Conference Call & Webcast Information OneMain management will host a conference call and webcast to discuss our fourth quarter 2020 results and other general matters at 8:00 am Eastern Time on Tuesday, February 9, 2021. Both the call and webcast are open to the general public. The general public is invited to listen to the call by dialing 877-330-3668 (U.S. domestic) or 678-304-6859 (international), and using conference ID 7695838, or via a live audio webcast through the Investor Relations section of the website. For those unable to listen to the live broadcast, a replay will be available on our website, or by dialing 800-585-8367 (U.S. domestic) or 404-537-3406, and using conference ID 7695838, beginning approximately two hours after the event. The replay of the conference call will be available via audio webcast through February 24, 2021. An investor presentation will be available on the Investor Relations page of OneMains website at www.omf.com prior to the start of the conference call. This document contains summarized information concerning OneMain Holdings, Inc. (the Company) and the Companys business, operations, financial performance and trends. No representation is made that the information in this document is complete. For additional financial, statistical and business related information see the Company's most recent Annual Report on Form 10-K (Form 10-K) and Quarterly Reports on Form 10-Q (Form 10-Qs) filed with the U.S. Securities and Exchange Commission (the SEC), as well as the Companys other reports filed with the SEC from time to time. Such reports are or will be available in the Investor Relations section of the Company's website (www.omf.com) and the SEC's website (www.sec.gov). Cautionary Note Regarding Forward-Looking Statements This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact but instead represent only managements current beliefs regarding future events. By their nature, forward-looking statements are subject to risks, uncertainties, assumptions and other important factors that may cause actual results, performance or achievements to differ materially from those expressed in or implied by such forward-looking statements. We caution you not to place undue reliance on these forward-looking statements that speak only as of the date on which they were made. We do not undertake any obligation to update or revise these forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events or the non-occurrence of anticipated events, whether as a result of new information, future developments or otherwise, except as required by law. Forward-looking statements include, without limitation, statements concerning future plans (including statements regarding the timing, declaration, amount and payment of any future dividends), objectives, goals, projections, strategies, events or performance, and underlying assumptions and other statements related thereto. Statements preceded by, followed by or that otherwise include the words anticipates, appears, are likely, believes, estimates, expects, foresees, intends, plans, projects and similar expressions or future or conditional verbs such as would, should, could, may, or will, are intended to identify forward-looking statements. Important factors that could cause actual results, performance or achievements to differ materially from those expressed in or implied by forward-looking statements include, without limitation, the following: adverse changes in general economic conditions, including the interest rate environment and the financial markets; risks associated with the global outbreak of a novel strain of coronavirus (COVID-19) and the mitigation efforts by governments and related effects on us, our customers, and employees; our estimates of the allowance for finance receivable losses may not be adequate to absorb actual losses, causing our provision for finance receivable losses to increase, which would adversely affect our results of operations; increased levels of unemployment and personal bankruptcies; adverse changes in the rate at which we can collect or potentially sell our finance receivables portfolio; natural or accidental events such as earthquakes, hurricanes, tornadoes, fires, or floods affecting our customers, collateral, or our branches or other operating facilities; war, acts of terrorism, riots, civil disruption, pandemics, disruptions in the operation of our information systems, or other events disrupting business or commerce; risks related to the acquisition or sale of assets or businesses or the formation, termination or operation of joint ventures or other strategic alliances, including increased loan delinquencies or net charge-offs, integration or migration issues, increased costs of servicing, incomplete records, and retention of customers; a failure in or breach of our operational or security systems or infrastructure or those of third parties, including as a result of cyber-attacks, or other cyber-related incidents involving the loss, theft or unauthorized disclosure of personally identifiable information (PII) of our present or former customers; our credit risk scoring models may be inadequate to properly assess the risk of customer unwillingness or lack of capacity to repay; adverse changes in our ability to attract and retain employees or key executives to support our businesses; increased competition, or changes in customer responsiveness to our distribution channels, an inability to make technological improvements, and the ability of our competitors to offer a more attractive range of personal loan products than we offer; changes in federal, state, or local laws, regulations, or regulatory policies and practices that adversely affect our ability to conduct business or the manner in which we currently are permitted to conduct business, such as licensing requirements, pricing limitations or restrictions on the method of offering products, as well as changes that may result from increased regulatory scrutiny of the sub-prime lending industry, our use of third-party vendors and real estate loan servicing, or changes in corporate or individual income tax laws or regulations, including effects of the Tax Cuts and Jobs Act, the Coronavirus Aid, Relief, and Economic Security Act, and the Consolidated Appropriations Act of 2021; risks associated with our insurance operations, including insurance claims that exceed our expectations or insurance losses that exceed our reserves; our inability to successfully implement our growth strategy for our consumer lending business or successfully acquire portfolios of finance receivables; a change in the proportion of secured loans may affect our finance receivables and portfolio yield; declines in collateral values or increases in actual or projected delinquencies or net charge-offs; potential liability relating to finance receivables which we have sold or securitized or may sell or securitize in the future if it is determined that there was a non-curable breach of a representation or warranty made in connection with such transactions; the costs and effects of any actual or alleged violations of any federal, state or local laws, rules or regulations, including any associated litigation and damage to our reputation; the costs and effects of any fines, penalties, judgments, decrees, orders, inquiries, investigations, subpoenas, or enforcement or other proceedings of any governmental or quasi-governmental agency or authority and any associated litigation; our continued ability to access the capital markets and maintain adequate current sources of funds to satisfy our cash flow requirements; our ability to comply with our debt covenants; our ability to generate sufficient cash to service all of our indebtedness; any material impairment or write-down of the value of our assets; the ownership of OMH's common stock continues to be highly concentrated, which may prevent other minority stockholders from influencing significant corporate decisions and may result in conflicts of interest; the effects of any downgrade of our debt ratings by credit rating agencies, which could have a negative impact on our cost of and/or access to capital; our substantial indebtedness, which could prevent us from meeting our obligations under our debt instruments and limit our ability to react to changes in the economy or our industry or our ability to incur additional borrowings; our ability to maintain sufficient capital levels in our regulated and unregulated subsidiaries; changes in accounting standards or tax policies and practices and the application of such new standards, policies and practices; management estimates and assumptions, including estimates and assumptions about future events, may prove to be incorrect; and other risks and uncertainties described in the Risk Factors and Managements Discussion and Analysis sections of the Companys most recent Form 10-K and Form 10-Qs filed with the SEC and in the Companys other filings with the SEC from time to time. If one or more of these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, our actual results may vary materially from what we may have expressed or implied by these forward-looking statements. You should specifically consider the factors identified in this presentation that could cause actual results to differ before making an investment decision to purchase our securities and should not place undue reliance on any of our forward-looking statements. Furthermore, new risks and uncertainties arise from time to time, and it is impossible for us to predict those events or how they may affect us. OneMain Holdings, Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) Quarter-to-Date Year-to-Date (unaudited, in millions, except per share amounts) 12/31/2020 9/30/2020 12/31/2019 12/31/2020 12/31/2019 Interest income $ 1,096 $ 1,089 $ 1,107 $ 4,368 $ 4,127 Interest expense (246 ) (255 ) (252 ) (1,027 ) (970 ) Provision for finance receivable losses (134 ) (231 ) (293 ) (1,319 ) (1,129 ) Net interest income after provision for finance receivable losses 716 603 562 2,022 2,028 Other Revenues: Insurance 109 109 119 443 460 Investment 19 17 24 75 95 Net loss on repurchases and repayments of debt (1 ) (38 ) (39 ) (35 ) Net gain on sale of real estate loans 3 Other (1) 10 13 19 47 99 Total other revenues 137 101 162 526 622 Other Expenses: Operating expenses (336 ) (320 ) (336 ) (1,329 ) (1,367 ) Insurance policy benefits and claims (41 ) (43 ) (44 ) (242 ) (185 ) Total other expenses (377 ) (363 ) (380 ) (1,571 ) (1,552 ) Income before income taxes 476 341 344 977 1,098 Income taxes (2) (117 ) (91 ) (83 ) (247 ) (243 ) Net income $ 359 $ 250 $ 261 $ 730 $ 855 Weighted average number of diluted shares 134.7 134.5 136.5 134.9 136.3 Diluted EPS $ 2.67 $ 1.86 $ 1.91 $ 5.41 $ 6.27 Book value per basic share $ 25.61 $ 23.25 $ 31.82 $ 25.61 $ 31.82 Return on assets 6.5 % 4.5 % 4.6 % 3.2 % 3.9 % Provision for finance receivable losses 134 231 293 1,319 1,129 Less: Net charge-offs (189 ) (231 ) (263 ) (997 ) (1,031 ) Change in allowance for finance receivable losses $ (55 ) $ $ 30 $ 322 $ 98 Note: Year-to-Date may not sum due to rounding. (1) 4Q20, 3Q20, FY20, and FY19 include an additional net gain on the sale of the SpringCastle interests and the fair value impairment of the remaining loans in finance receivables held for sale. FY19 also includes a gain on sale related to an investment held at cost. (2) FY19 include $22 of discrete tax benefits. OneMain Holdings, Inc. CONSOLIDATED BALANCE SHEETS (UNAUDITED) As of (unaudited, $ in millions) 12/31/2020 9/30/2020 12/31/2019 Assets Cash and cash equivalents $ 2,272 $ 1,944 $ 1,227 Investment securities 1,922 1,882 1,884 Net finance receivables 18,084 17,817 18,389 Unearned insurance premium and claim reserves (771 ) (778 ) (793 ) Allowance for finance receivable losses (2,269 ) (2,324 ) (829 ) Net finance receivables, less unearned insurance premium and claim reserves and allowance for finance receivable losses 15,044 14,715 16,767 Restricted cash and restricted cash equivalents 451 497 405 Goodwill 1,422 1,422 1,422 Other intangible assets 306 315 343 Other assets (1) 1,054 1,082 769 Total assets $ 22,471 $ 21,857 $ 22,817 Liabilities and Shareholders Equity Long-term debt $ 17,800 $ 17,531 $ 17,212 Insurance claims and policyholder liabilities 621 620 649 Deferred and accrued taxes 45 55 34 Other liabilities 564 528 592 Total liabilities 19,030 18,734 18,487 Common stock 1 1 1 Additional paid-in capital 1,655 1,651 1,689 Accumulated other comprehensive income 94 79 44 Retained earnings 1,691 1,392 2,596 Total shareholders equity 3,441 3,123 4,330 Total liabilities and shareholders equity $ 22,471 $ 21,857 $ 22,817 (1) Effective 1Q20, the Finance Receivables Held for Sale are included within 'Other assets'. Prior periods' balance sheet presentations have been revised to conform with this new alignment. OneMain Holdings, Inc. CONSOLIDATED KEY FINANCIAL METRICS (UNAUDITED) As of or Quarter-to-Date As of or Year-to-Date (unaudited, $ in millions) 12/31/2020 9/30/2020 12/31/2019 12/31/2020 12/31/2019 Non-TDR Net Finance Receivables $ 17,393 $ 17,116 $ 17,731 $ 17,393 $ 17,731 TDR Net Finance Receivables 691 701 658 691 658 Net Finance Receivables $ 18,084 $ 17,817 $ 18,389 $ 18,084 $ 18,389 Average Net Receivables $ 17,959 $ 17,740 $ 18,103 $ 17,997 $ 17,055 Average Daily Debt Balances 17,327 17,546 17,261 18,080 16,336 Origination Volume 3,206 2,887 3,685 10,729 13,803 Non-TDR Allowance $ 1,955 $ 2,003 $ 557 $ 1,955 $ 557 TDR Allowance 314 321 272 314 272 Allowance $ 2,269 $ 2,324 $ 829 $ 2,269 $ 829 Non-TDR Allowance Ratio 11.24 % 11.70 % 3.14 % 11.24 % 3.14 % TDR Allowance Ratio 45.46 % 45.85 % 41.31 % 45.46 % 41.31 % Allowance Ratio 12.55 % 13.05 % 4.51 % 12.55 % 4.51 % Gross Charge-Offs $ 231 $ 274 $ 296 $ 1,162 $ 1,157 Recoveries (42 ) (43 ) (33 ) (165 ) (126 ) Net Charge-Offs $ 189 $ 231 $ 263 $ 997 $ 1,031 Gross Charge-Off Ratio 5.12 % 6.14 % 6.48 % 6.46 % 6.79 % Recovery Ratio (0.94 %) (0.95 %) (0.73 %) (0.92 %) (0.74 %) Net Charge-Off Ratio 4.18 % 5.19 % 5.75 % 5.54 % 6.05 % 30-89 Delinquency $ 413 $ 346 $ 453 $ 413 $ 453 30+ Delinquency 729 612 839 729 839 60+ Delinquency 478 397 567 478 567 90+ Delinquency 316 266 386 316 386 30-89 Delinquency Ratio 2.28 % 1.95 % 2.46 % 2.28 % 2.46 % 30+ Delinquency Ratio 4.03 % 3.44 % 4.56 % 4.03 % 4.56 % 60+ Delinquency Ratio 2.64 % 2.23 % 3.08 % 2.64 % 3.08 % 90+ Delinquency Ratio 1.75 % 1.49 % 2.10 % 1.75 % 2.10 % Note: Delinquency ratios are calculated as a percentage of net finance receivables. Charge-off and recovery ratios are calculated as a percentage of average net finance receivables. Ratios may not sum due to rounding. OneMain Holdings, Inc. BALANCE SHEET METRICS (UNAUDITED) As of (unaudited, $ in millions) 12/31/2020 9/30/2020 12/31/2019 Liquidity Cash and cash equivalents $ 2,272 $ 1,944 $ 1,227 Cash and cash equivalents unavailable for general corporate purposes 211 233 182 Unencumbered personal loans 9,194 8,345 9,879 Undrawn conduit facilities 7,200 7,200 7,100 Long-term debt $ 17,800 $ 17,531 $ 17,212 Less: Junior subordinated debt (172 ) (172 ) (172 ) Adjusted Debt $ 17,628 $ 17,359 $ 17,040 Less: Available cash and cash equivalents (2,061 ) (1,711 ) (1,045 ) Net Adjusted Debt $ 15,567 $ 15,648 $ 15,995 Total Shareholders' Equity $ 3,441 $ 3,123 $ 4,330 Less: Goodwill (1,422 ) (1,422 ) (1,422 ) Less: Other intangible assets (306 ) (315 ) (343 ) Plus: Junior subordinated debt 172 172 172 Adjusted Tangible Common Equity $ 1,885 $ 1,558 $ 2,737 Plus: Allowance for finance receivable losses, net of tax (1) 1,702 1,742 630 Adjusted Capital $ 3,587 $ 3,300 $ 3,367 Net Leverage (Net Adjusted Debt to Adjusted Capital) 4.3 x 4.7 x 4.8 x (1) Income taxes assume a 25% tax rate for 2020 and a 24% tax rate for 2019. OneMain Holdings, Inc. CONSOLIDATED RETURN ON RECEIVABLES (UNAUDITED) Quarter-to-Date Year-to-Date (unaudited, $ in millions) 12/31/2020 9/30/2020 12/31/2019 12/31/2020 12/31/2019 Revenue (1) 26.4 % 25.7 % 26.8 % 25.9 % 26.8 % Net Charge-Off (4.2 %) (5.2 %) (5.8 %) (5.5 %) (6.0 %) Risk Adjusted Margin 22.2 % 20.5 % 21.1 % 20.3 % 20.7 % Operating Expenses (7.4 %) (7.2 %) (7.3 %) (7.4 %) (8.0 %) Unlevered Return on Receivables 14.8 % 13.4 % 13.7 % 12.9 % 12.7 % Interest Expense (5.5 %) (5.7 %) (5.5 %) (5.7 %) (5.7 %) Change in Allowance 1.2 % % (0.7 %) (1.8 %) (0.6 %) Income Tax Expense (2.6 %) (2.1 %) (1.8 %) (1.4 %) (1.4 %) Return on Receivables 8.0 % 5.6 % 5.7 % 4.1 % 5.0 % Note: All ratios are based on consolidated results as a percentage of average net finance receivables. Ratios may not sum due to rounding. (1) Revenue includes interest income on finance receivables plus other revenues less insurance policy benefits and claims. OneMain Holdings, Inc. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (UNAUDITED) Quarter-to-Date Year-to-Date (unaudited, $ in millions) 12/31/2020 9/30/2020 12/31/2019 12/31/2020 12/31/2019 Consumer & Insurance $ 491 $ 351 $ 354 $ 1,021 $ 1,168 Other (4 ) (2 ) (1 ) (9 ) (3 ) Segment to GAAP Adjustment (11 ) (8 ) (9 ) (35 ) (67 ) Income Before Income Taxes - GAAP basis $ 476 $ 341 $ 344 $ 977 $ 1,098 Pretax Income - Segment Accounting Basis $ 491 $ 351 $ 354 $ 1,021 $ 1,168 Direct Costs Associated with COVID-19 5 4 17 Acquisition-Related Transaction and Integration Expenses 1 2 (2 ) 11 14 Net Loss on Repurchases and Repayments of Debt (1) 1 35 36 30 Net Gain on Sale of Cost Method Investment (11 ) Restructuring Charges 1 7 5 Consumer & Insurance Adjusted Pretax Income (non-GAAP) $ 498 $ 393 $ 352 $ 1,092 $ 1,206 Pretax Loss - Segment Accounting Basis $ (4 ) $ (2 ) $ (1 ) $ (9 ) $ (3 ) Additional Net Gain on Sale of SpringCastle Interests (4 ) (4 ) (7 ) Lower of Cost or Fair Value Adjustment (2) 2 4 7 Net Loss on Sale of Real Estate Loans (3) 1 Other Adjusted Pretax Loss (non-GAAP) $ (2 ) $ (2 ) $ (1 ) $ (6 ) $ (9 ) Springleaf Debt Discount Accretion $ (3 ) $ (4 ) $ (5 ) $ (18 ) $ (21 ) OMFH LLR Provision Catch-up (4 ) (3 ) (8 ) (22 ) OMFH Receivable Premium Amortization (2 ) (2 ) (13 ) OMFH Receivable Discount Accretion 2 2 3 13 12 Other (6 ) (6 ) (2 ) (20 ) (23 ) Total Segment to GAAP Adjustment $ (11 ) $ (8 ) $ (9 ) $ (35 ) $ (67 ) Note: Year-to-Date may not sum due to rounding. (1) Amounts differ from those presented on "Consolidated Statements of Operations (Unaudited)" page as a result of purchase accounting adjustments that are not applicable on a Segment Accounting Basis. (2) In 4Q20, 3Q20, and FY20, the carrying value of our remaining real estate loans classified in finance receivables held for sale exceeded their fair value, and accordingly, the loans have been marked to fair value with an impairment being recorded in other revenue. (3) In FY19, the gain on the sale of the real estate loans sold has been combined with the resulting fair value impairment of the remaining loans in finance receivables held for sale. OneMain Holdings, Inc. RECONCILIATION OF KEY SEGMENT METRICS (UNAUDITED) (Non-GAAP) As of (unaudited, $ in millions) 12/31/2020 9/30/2020 12/31/2019 Consumer & Insurance $ 18,091 $ 17,826 $ 18,421 Other Segment to GAAP Adjustment (7 ) (9 ) (32 ) Net Finance Receivables - GAAP basis (1) $ 18,084 $ 17,817 $ 18,389 Consumer & Insurance $ 2,283 $ 2,342 $ 849 Other Segment to GAAP Adjustment (14 ) (18 ) (20 ) Allowance for Finance Receivable Losses - GAAP basis (1) $ 2,269 $ 2,324 $ 829 (1) As a result of the adoption of ASU 2016-13, we converted all purchased credit impaired finance receivables to purchased credit deteriorated finance receivables in accordance with ASC Topic 326, which resulted in the gross-up of net finance receivables and allowance for finance receivable losses of $15 on January 1, 2020. OneMain Holdings, Inc. CONSUMER & INSURANCE SEGMENT (UNAUDITED) (Non-GAAP) Quarter-to-Date Year-to-Date (unaudited, in millions, except per share amounts) 12/31/2020 9/30/2020 12/31/2019 12/31/2020 12/31/2019 Interest income $ 1,093 $ 1,086 $ 1,101 $ 4,353 $ 4,114 Interest expense (242 ) (250 ) (247 ) (1,007 ) (947 ) Provision for finance receivable losses (130 ) (232 ) (289 ) (1,313 ) (1,105 ) Net interest income after provision for finance receivable losses 721 604 565 2,033 2,062 Insurance 109 109 119 443 460 Investment 19 17 24 75 96 Other 9 8 15 33 63 Total other revenues 137 134 158 551 619 Operating expenses (319 ) (302 ) (327 ) (1,250 ) (1,290 ) Insurance policy benefits and claims (41 ) (43 ) (44 ) (242 ) (185 ) Total other expenses (360 ) (345 ) (371 ) (1,492 ) (1,475 ) Adjusted pretax income (non-GAAP) 498 393 352 1,092 1,206 Income taxes (1) (125 ) (99 ) (84 ) (273 ) (290 ) Adjusted net income (non-GAAP) $ 373 $ 294 $ 268 $ 819 $ 916 Weighted average number of diluted shares 134.7 134.5 136.5 134.9 136.3 C&I adjusted diluted EPS (2) $ 2.77 $ 2.19 $ 1.96 $ 6.07 $ 6.72 Note: Year-to-Date may not sum due to rounding. (1) Income taxes assume a 25% tax rate for 2020 and a 24% tax rate for 2019. (2) C&I adjusted diluted EPS is calculated as the C&I adjusted net income (non-GAAP) divided by the weighted average number of diluted shares outstanding. OneMain Holdings, Inc. CONSUMER & INSURANCE SEGMENT METRICS (UNAUDITED) (Non-GAAP) Quarter-to-Date Year-to-Date (unaudited, $ in millions) 12/31/2020 9/30/2020 12/31/2019 12/31/2020 12/31/2019 Revenue (1) 26.3 % 26.4 % 26.6 % 25.9 % 26.6 % Net Charge-Off (4.2 %) (5.2 %) (5.7 %) (5.5 %) (6.0 %) Risk Adjusted Margin 22.1 % 21.2 % 20.8 % 20.3 % 20.6 % Operating Expenses (7.1 %) (6.8 %) (7.1 %) (6.9 %) (7.5 %) Unlevered Return on Receivables 15.1 % 14.4 % 13.7 % 13.4 % 13.0 % Interest Expense (5.4 %) (5.6 %) (5.4 %) (5.6 %) (5.5 %) Change in Allowance 1.3 % % (0.6 %) (1.8 %) (0.4 %) Income Tax Expense (2) (2.8 %) (2.2 %) (1.8 %) (1.5 %) (1.7 %) Return on Receivables 8.3 % 6.6 % 5.9 % 4.5 % 5.4 % Note: Consumer & Insurance financial information is presented on an adjusted Segment Accounting Basis. All ratios are shown as a percentage of C&I average net finance receivables. Ratios may not sum due to rounding. (1) Revenue includes interest income on finance receivables plus other revenues less insurance policy benefits and claims. (2) Income taxes assume a 25% tax rate for 2020 and a 24% tax rate for 2019. OneMain Holdings, Inc. CONSUMER & INSURANCE CAPITAL METRICS (UNAUDITED) (Non-GAAP) Quarter-to-Date Year-to-Date (unaudited, in millions) 12/31/2020 9/30/2020 12/31/2019 12/31/2020 12/31/2019 Provision for finance receivable losses $ 130 $ 232 $ 289 $ 1,313 $ 1,105 Less: Net charge-offs (189 ) (232 ) (261 ) (998 ) (1,028 ) Change in C&I allowance for finance receivable losses (non-GAAP) (59 ) 28 315 77 Adjusted pretax income (non-GAAP) 498 393 352 1,092 1,206 Pretax capital generation(1) (non-GAAP) 439 393 380 1,407 1,283 Capital generation, net of tax(1), (2) (non-GAAP) $ 329 $ 294 $ 289 $ 1,056 $ 975 Beginning Adjusted Capital $ 3,300 $ 3,339 $ 3,099 $ 3,367 $ 2,733 Capital Generation, net of tax(1), (2) (non-GAAP) 329 294 289 1,056 975 Less: Common Stock Repurchased and Retired (45 ) Less: Cash Dividends (61 ) (315 ) (34 ) (807 ) (410 ) Capital Returns (61 ) (315 ) (34 ) (852 ) (410 ) Less: Adjustments to C&I, net of tax (2), (3) (8 ) (43 ) (4 ) (81 ) (55 ) Less: Change in the Assumed Tax Rate (2) (8 ) Less: Withholding Tax on Share-based Compensation (6 ) (5 ) Less: Adjusted Other Net Loss, net of tax (2) (non-GAAP) (1 ) (1 ) (1 ) (4 ) (7 ) Plus: Other Comprehensive Income 15 14 6 50 78 Plus: Purchased Credit Deteriorated Finance Receivables Gross-up, net of tax (2), (4) 11 Plus: Other Intangibles Amortization 9 9 9 37 45 Plus: Share-based Compensation Expense, net of forfeitures 4 3 3 17 13 Other 19 (18 ) 13 16 69 Ending Adjusted Capital $ 3,587 $ 3,300 $ 3,367 $ 3,587 $ 3,367 Note: Year-to-Date may not sum due to rounding. (1) Pretax capital generation (non-GAAP) represents adjusted pretax income (non-GAAP) excluding change in C&I allowance for finance receivable losses (non-GAAP). Capital generation (non-GAAP) represents adjusted net income (non-GAAP) excluding change in C&I allowance for finance receivable losses, net of tax (non-GAAP). (2) Income taxes assume a 25% tax rate for 2020 and a 24% tax rate for 2019. (3) Includes the effects of purchase accounting adjustments excluding loan loss reserves. (4) As a result of the adoption of ASU 2016-13, we converted all purchased credit impaired finance receivables to purchased credit deteriorated finance receivables in accordance with ASC Topic 326, which resulted in the gross-up of net finance receivables and allowance for finance receivable losses of $15 on January 1, 2020. OneMain Holdings, Inc. CONSUMER AND INSURANCE SEGMENT - KEY FINANCIAL METRICS (UNAUDITED) (Non-GAAP) As of or Quarter-to-Date As of or Year-to-Date (unaudited, $ in millions) 12/31/2020 9/30/2020 12/31/2019 12/31/2020 12/31/2019 Non-TDR Net Finance Receivables $ 17,363 $ 17,083 $ 17,700 $ 17,363 $ 17,700 TDR Net Finance Receivables 728 743 721 728 721 Net Finance Receivables (1) $ 18,091 $ 17,826 $ 18,421 $ 18,091 $ 18,421 Average Net Receivables $ 17,966 $ 17,750 $ 18,136 $ 18,009 $ 17,089 Origination Volume 3,206 2,887 3,685 10,729 13,803 Non-TDR Allowance $ 1,951 $ 1,998 $ 557 $ 1,951 $ 557 TDR Allowance 332 344 292 332 292 Allowance (1) $ 2,283 $ 2,342 $ 849 $ 2,283 $ 849 Non-TDR Allowance Ratio 11.24 % 11.70 % 3.15 % 11.24 % 3.15 % TDR Allowance Ratio 45.55 % 46.33 % 40.46 % 45.55 % 40.46 % Allowance Ratio 12.62 % 13.14 % 4.61 % 12.62 % 4.61 % Gross Charge-Offs $ 231 $ 274 $ 299 $ 1,163 $ 1,172 Recoveries (42 ) (42 ) (38 ) (165 ) (143 ) Net Charge-Offs $ 189 $ 232 $ 261 $ 998 $ 1,028 Gross Charge-Off Ratio 5.12 % 6.15 % 6.53 % 6.46 % 6.86 % Recovery Ratio (0.94 %) (0.95 %) (0.82 %) (0.92 %) (0.84 %) Net Charge-Off Ratio 4.18 % 5.20 % 5.71 % 5.54 % 6.02 % 30-89 Delinquency $ 413 $ 348 $ 455 $ 413 $ 455 30+ Delinquency 729 614 843 729 843 60+ Delinquency 478 398 570 478 570 90+ Delinquency 316 266 388 316 388 30-89 Delinquency Ratio 2.28 % 1.95 % 2.47 % 2.28 % 2.47 % 30+ Delinquency Ratio 4.03 % 3.44 % 4.58 % 4.03 % 4.58 % 60+ Delinquency Ratio 2.64 % 2.23 % 3.09 % 2.64 % 3.09 % 90+ Delinquency Ratio 1.75 % 1.49 % 2.11 % 1.75 % 2.11 % Note: Consumer & Insurance financial information is presented on an adjusted Segment Accounting Basis. Delinquency ratios are calculated as a percentage of C&I net finance receivables. Charge-off and recovery ratios are calculated as a percentage of C&I average net finance receivables. Numbers may not sum due to rounding. (1) For reconciliation to GAAP, see "Reconciliation of Key Segment Metrics (Unaudited) (Non-GAAP)." OneMain Holdings, Inc. OTHER (UNAUDITED) (Non-GAAP) Quarter-to-Date Year-to-Date (unaudited, $ in millions) 12/31/2020 9/30/2020 12/31/2019 12/31/2020 12/31/2019 Interest income $ 2 $ 1 $ 3 $ 6 $ 9 Interest expense (1 ) (1 ) (1 ) (4 ) (5 ) Net interest income 1 2 2 4 Other revenues 3 4 5 16 26 Other expenses (6 ) (6 ) (8 ) (24 ) (39 ) Adjusted pretax loss (non-GAAP) $ (2 ) $ (2 ) $ (1 ) $ (6 ) $ (9 ) Net finance receivables held for sale (1) $ 49 $ 54 $ 66 $ 49 $ 66 Note: Other financial information is presented on an adjusted Segment Accounting Basis. (1) Effective 1Q20, the Net Finance Receivables Held for Sale are included within 'Other assets' on our Consolidated Balance Sheets. Prior periods' balance sheet presentations have been revised to conform with this new alignment. |
edtsum582 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: TAMPA, Fla., April 6, 2021 /PRNewswire/ -- Tampa General Hospital is hosting a virtual Child Abuse Prevention Symposium on Friday, April 9, 2021 in honor of National Child Abuse Prevention Month. Speakers include Tampa Police Department detectives and medical professionals from both Tampa General and USF Health Morsani College of Medicine who will offer expert advice on identifying the signs and combating the complex crisis of child abuse and neglect. April is National Child Abuse Awareness Month and Tampa General Hospital will host a virtual Child Abuse Prevention Symposium. Hospital team members will participate in a pinwheel planting ceremony symbolizing children who have suffered abuse. (PRNewsfoto/Tampa General Hospital) Scheduled from 8 a.m. to 3:30 p.m., the virtual symposium will address pediatric human trafficking, pediatric sexual assault, abusive abdominal trauma and trauma informed care (recognizing how trauma affects patient treatment). The day will conclude with a special pinwheel planting ceremony in the Tampa General rose garden, symbolizing the children who have suffered abuse. Over a two-year span, 7,000 children in the West Central Florida counties of Pasco, Polk, Pinellas, Hardee, Highlands and Hillsborough have been reported as abused to the Florida Abuse Hotline. "In 2008, Prevent Child Abuse America introduced the Pinwheels for Prevention campaign. Research shows that people respond positively to pinwheels, which represent childlike whimsy and light-heartedness. It was their vision for a world where children grow up happy, healthy and free of abuse," said Dr. Peggy Duggan, EVP and Chief Medical Officer at Tampa General. "I am so proud of our Pediatric Trauma Department along with TGH CARES for carrying on this special ceremony and all the work they do to care for the smallest and most precious of patients." "It is a sad fact that Hillsborough County ranks second in the state for the number of child fatalities called into the Florida Abuse Hotline," said Dr. Carol Lilly, Medical Director of the Child Protection Team for the Florida Department of Health, Chief and Medical Director at USF Health Morsani College of Medicine and Tampa General Pediatrician. "Other counties served by Tampa General such as Polk, Hardee, and Highlands Counties rank fourth. In Florida's 2020 Child Death Review the top three causes of child death involve sleep-related infant deaths, drowning and inflicted trauma." The Tampa General Children's Medical Center is verified by the American College of Surgeons as a Level 1 Pediatric Trauma Center. The Child Abuse Prevention Symposium will be a live event with the option to ask questions and interact with the speakers. The registration cost is free for Tampa General team members and $25 for the community. To register, please visit: https://tghsecureforms.org/pediatric-trauma-symposium.Continuing education units (CEUs) will be offered and participants must virtually attend the full session to receive credit. Partial CEUs will not be offered and a post test will be required. Symposium partners include the USF Child Protection Team, Mary Lee's House, Healthy Start, and the Hillsborough County Children's Board.If you would like to learn more about child abuse prevention and how you can help, please visit:www.PreventChildAbuseFL.org.To report suspected abuse, call the Florida Abuse Hotline,1-800-962-2873.ABOUT TAMPA GENERAL HOSPITALTampa General Hospital, a 1007-bed non-profit academic medical center, is one of the largest hospitals in America and delivers world-class care as the region's only center for Level l trauma and comprehensive burn care. Tampa General Hospital is the highest-ranked hospital in the market in U.S. News & World Report's 2020-21 Best Hospitals, and one of the top four hospitals in Florida, with five specialties ranking among the best programs in the United States. It is one of the nation's busiest adult solid organ transplant centers and is the primary teaching hospital for the USF Health Morsani College of Medicine. With five medical helicopters, Tampa General Hospital transports critically injured or ill patients from 23 surrounding counties to receive the advanced care they need. Tampa General houses a nationally accredited comprehensive stroke center and its 32-bed Neuroscience Intensive Care Unit is the largest on the West Coast of Florida.It also is home to the Jennifer Leigh Muma 82-bed Level IV neonatal intensive care unit, and a nationally accredited rehabilitation center. Tampa General Hospital's footprint includes 17 Tampa General Medical Group Primary Care offices, TGH Family Care Center Kennedy, TGH Brandon Healthplex, TGH Virtual Health and 19 outpatient Radiology Centers. Tampa Bay residents also receive world-class care from theTGH Urgent Care powered by Fast Tracknetwork of clinics, and they can even receive home visits in select areas throughTGH Urgent Care at Home, powered by Fast Track.As one of the largest hospitals in the country, Tampa General Hospital is first in Florida to partner with GE Healthcare and open a clinical command center that uses artificial intelligence and predictive analytics to improve and better coordinate patient care at a lower cost. For more information, go towww.tgh.org.ABOUT USF HEALTHUSF Health's mission is to envision and implement the future of health. It is the partnership of the USF Health Morsani College of Medicine, the College of Nursing, the College of Public Health, the Taneja College of Pharmacy, the School of Physical Therapy and Rehabilitation Sciences, the Biomedical Sciences Graduate and Postdoctoral Programs, and USF Health's multispecialty physicians group. The University of South Florida is a high-impact global research university dedicated to student success. Over the past 10 years, no other public university in the country has risen faster inU.S. News & World Report'snational university rankings than USF. For more information, visithealth.usf.edu.Media Contact: Karen Barrera Assistant Director of Communications & Partnerships (813) 844-8725 (direct) (813) 928-1603 (cell) [emailprotected]SOURCE Tampa General Hospital
Answer: | Tampa General Hospital to Host Child Abuse Prevention Symposium to Raise Awareness and Combat the Cycle of Violence April is National Child Abuse Prevention Month and this year's annual symposium will be broadcast virtually due to COVID-19 safety protocols. | TAMPA, Fla., April 6, 2021 /PRNewswire/ -- Tampa General Hospital is hosting a virtual Child Abuse Prevention Symposium on Friday, April 9, 2021 in honor of National Child Abuse Prevention Month. Speakers include Tampa Police Department detectives and medical professionals from both Tampa General and USF Health Morsani College of Medicine who will offer expert advice on identifying the signs and combating the complex crisis of child abuse and neglect. April is National Child Abuse Awareness Month and Tampa General Hospital will host a virtual Child Abuse Prevention Symposium. Hospital team members will participate in a pinwheel planting ceremony symbolizing children who have suffered abuse. (PRNewsfoto/Tampa General Hospital) Scheduled from 8 a.m. to 3:30 p.m., the virtual symposium will address pediatric human trafficking, pediatric sexual assault, abusive abdominal trauma and trauma informed care (recognizing how trauma affects patient treatment). The day will conclude with a special pinwheel planting ceremony in the Tampa General rose garden, symbolizing the children who have suffered abuse. Over a two-year span, 7,000 children in the West Central Florida counties of Pasco, Polk, Pinellas, Hardee, Highlands and Hillsborough have been reported as abused to the Florida Abuse Hotline. "In 2008, Prevent Child Abuse America introduced the Pinwheels for Prevention campaign. Research shows that people respond positively to pinwheels, which represent childlike whimsy and light-heartedness. It was their vision for a world where children grow up happy, healthy and free of abuse," said Dr. Peggy Duggan, EVP and Chief Medical Officer at Tampa General. "I am so proud of our Pediatric Trauma Department along with TGH CARES for carrying on this special ceremony and all the work they do to care for the smallest and most precious of patients." "It is a sad fact that Hillsborough County ranks second in the state for the number of child fatalities called into the Florida Abuse Hotline," said Dr. Carol Lilly, Medical Director of the Child Protection Team for the Florida Department of Health, Chief and Medical Director at USF Health Morsani College of Medicine and Tampa General Pediatrician. "Other counties served by Tampa General such as Polk, Hardee, and Highlands Counties rank fourth. In Florida's 2020 Child Death Review the top three causes of child death involve sleep-related infant deaths, drowning and inflicted trauma." The Tampa General Children's Medical Center is verified by the American College of Surgeons as a Level 1 Pediatric Trauma Center. The Child Abuse Prevention Symposium will be a live event with the option to ask questions and interact with the speakers. The registration cost is free for Tampa General team members and $25 for the community. To register, please visit: https://tghsecureforms.org/pediatric-trauma-symposium.Continuing education units (CEUs) will be offered and participants must virtually attend the full session to receive credit. Partial CEUs will not be offered and a post test will be required. Symposium partners include the USF Child Protection Team, Mary Lee's House, Healthy Start, and the Hillsborough County Children's Board.If you would like to learn more about child abuse prevention and how you can help, please visit:www.PreventChildAbuseFL.org.To report suspected abuse, call the Florida Abuse Hotline,1-800-962-2873.ABOUT TAMPA GENERAL HOSPITALTampa General Hospital, a 1007-bed non-profit academic medical center, is one of the largest hospitals in America and delivers world-class care as the region's only center for Level l trauma and comprehensive burn care. Tampa General Hospital is the highest-ranked hospital in the market in U.S. News & World Report's 2020-21 Best Hospitals, and one of the top four hospitals in Florida, with five specialties ranking among the best programs in the United States. It is one of the nation's busiest adult solid organ transplant centers and is the primary teaching hospital for the USF Health Morsani College of Medicine. With five medical helicopters, Tampa General Hospital transports critically injured or ill patients from 23 surrounding counties to receive the advanced care they need. Tampa General houses a nationally accredited comprehensive stroke center and its 32-bed Neuroscience Intensive Care Unit is the largest on the West Coast of Florida.It also is home to the Jennifer Leigh Muma 82-bed Level IV neonatal intensive care unit, and a nationally accredited rehabilitation center. Tampa General Hospital's footprint includes 17 Tampa General Medical Group Primary Care offices, TGH Family Care Center Kennedy, TGH Brandon Healthplex, TGH Virtual Health and 19 outpatient Radiology Centers. Tampa Bay residents also receive world-class care from theTGH Urgent Care powered by Fast Tracknetwork of clinics, and they can even receive home visits in select areas throughTGH Urgent Care at Home, powered by Fast Track.As one of the largest hospitals in the country, Tampa General Hospital is first in Florida to partner with GE Healthcare and open a clinical command center that uses artificial intelligence and predictive analytics to improve and better coordinate patient care at a lower cost. For more information, go towww.tgh.org.ABOUT USF HEALTHUSF Health's mission is to envision and implement the future of health. It is the partnership of the USF Health Morsani College of Medicine, the College of Nursing, the College of Public Health, the Taneja College of Pharmacy, the School of Physical Therapy and Rehabilitation Sciences, the Biomedical Sciences Graduate and Postdoctoral Programs, and USF Health's multispecialty physicians group. The University of South Florida is a high-impact global research university dedicated to student success. Over the past 10 years, no other public university in the country has risen faster inU.S. News & World Report'snational university rankings than USF. For more information, visithealth.usf.edu.Media Contact: Karen Barrera Assistant Director of Communications & Partnerships (813) 844-8725 (direct) (813) 928-1603 (cell) [emailprotected]SOURCE Tampa General Hospital |
edtsum583 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: DUBLIN--(BUSINESS WIRE)--The "Cardiopulmonary Stress Testing Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" report has been added to ResearchAndMarkets.com's offering. This report on the global cardiopulmonary stress testing systems market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2019 to 2027. The report provides revenue of the global cardiopulmonary stress testing systems market for the period 2017-2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global cardiopulmonary stress testing systems market during the forecast period. The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players' product literature, annual reports, press releases, and relevant documents to understand the global cardiopulmonary stress testing systems market. Secondary research also included Internet sources, statistical data from government agencies, websites, company presentations, sales data, and trade associations. Analysts have employed a combination of top-down and bottom-up approaches to study various phenomenon in the global cardiopulmonary stress testing systems market. The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global cardiopulmonary stress testing systems market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global cardiopulmonary stress testing systems market. The report delves into the competitive landscape of the global cardiopulmonary stress testing systems market. Key players operating in the global cardiopulmonary stress testing systems market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global cardiopulmonary stress testing systems market that have been profiled in this report. Companies Mentioned Key Questions Answered in Global Cardiopulmonary Stress Testing Systems Market Report Key Topics Covered: 1. Preface 2. Assumptions and Research Methodology 3. Executive Summary: Global Cardiopulmonary Stress Testing Systems Market 4. Market Overview 4.1. Introduction 4.2. Overview 4.3. Market Dynamics 4.4. Global Cardiopulmonary Stress Testing Systems Market Analysis and Forecast, 2017-2027 5. Key Insights 5.1. Number of Cardiac Stress Test Procedures Performed from Mpi Spect Test in U.S. and Europe 5.2. Pricing Analysis 5.3. Epidemiology of Coronary Artery Disease, by Key Countries 6. Global Cardiopulmonary Stress Testing Systems Market Analysis and Forecast, by Product Type 6.1. Introduction & Definition 6.2. Global Cardiopulmonary Stress Testing Systems Market Value Forecast, by Product Type, 2017-2027 6.3. Global Cardiopulmonary Stress Testing Systems Market Attractiveness, by Product Type 7. Global Cardiopulmonary Stress Testing Systems Market Analysis and Forecast, by Region 7.1. Key Findings 7.2. Global Cardiopulmonary Stress Testing Systems Market Value Forecast, by Region 7.3. North America Cardiopulmonary Stress Testing Systems Market Attractiveness, by Region 8. North America Cardiopulmonary Stress Testing Systems Market Analysis and Forecast 9. Europe Cardiopulmonary Stress Testing Systems Market Analysis and Forecast 10. Asia-Pacific Cardiopulmonary Stress Testing Systems Market Analysis and Forecast 11. Latin America Cardiopulmonary Stress Testing Systems Market Analysis and Forecast 12. Middle East & Africa Cardiopulmonary Stress Testing Systems Market Analysis and Forecast 13. Competition Landscape 13.1. Market Player - Competition Matrix (By Tier and Size of Companies) 13.2. Market Share/Position Analysis, by Company, 2018 13.3. Company Profiles For more information about this report visit https://www.researchandmarkets.com/r/5c4aq4
Answer: | Global Cardiopulmonary Stress Testing Systems Market to 2027 - Industry Analysis, Size, Share, Growth, Trends, and Forecast - ResearchAndMarkets.com | DUBLIN--(BUSINESS WIRE)--The "Cardiopulmonary Stress Testing Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" report has been added to ResearchAndMarkets.com's offering. This report on the global cardiopulmonary stress testing systems market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2019 to 2027. The report provides revenue of the global cardiopulmonary stress testing systems market for the period 2017-2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global cardiopulmonary stress testing systems market during the forecast period. The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players' product literature, annual reports, press releases, and relevant documents to understand the global cardiopulmonary stress testing systems market. Secondary research also included Internet sources, statistical data from government agencies, websites, company presentations, sales data, and trade associations. Analysts have employed a combination of top-down and bottom-up approaches to study various phenomenon in the global cardiopulmonary stress testing systems market. The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global cardiopulmonary stress testing systems market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global cardiopulmonary stress testing systems market. The report delves into the competitive landscape of the global cardiopulmonary stress testing systems market. Key players operating in the global cardiopulmonary stress testing systems market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global cardiopulmonary stress testing systems market that have been profiled in this report. Companies Mentioned Key Questions Answered in Global Cardiopulmonary Stress Testing Systems Market Report Key Topics Covered: 1. Preface 2. Assumptions and Research Methodology 3. Executive Summary: Global Cardiopulmonary Stress Testing Systems Market 4. Market Overview 4.1. Introduction 4.2. Overview 4.3. Market Dynamics 4.4. Global Cardiopulmonary Stress Testing Systems Market Analysis and Forecast, 2017-2027 5. Key Insights 5.1. Number of Cardiac Stress Test Procedures Performed from Mpi Spect Test in U.S. and Europe 5.2. Pricing Analysis 5.3. Epidemiology of Coronary Artery Disease, by Key Countries 6. Global Cardiopulmonary Stress Testing Systems Market Analysis and Forecast, by Product Type 6.1. Introduction & Definition 6.2. Global Cardiopulmonary Stress Testing Systems Market Value Forecast, by Product Type, 2017-2027 6.3. Global Cardiopulmonary Stress Testing Systems Market Attractiveness, by Product Type 7. Global Cardiopulmonary Stress Testing Systems Market Analysis and Forecast, by Region 7.1. Key Findings 7.2. Global Cardiopulmonary Stress Testing Systems Market Value Forecast, by Region 7.3. North America Cardiopulmonary Stress Testing Systems Market Attractiveness, by Region 8. North America Cardiopulmonary Stress Testing Systems Market Analysis and Forecast 9. Europe Cardiopulmonary Stress Testing Systems Market Analysis and Forecast 10. Asia-Pacific Cardiopulmonary Stress Testing Systems Market Analysis and Forecast 11. Latin America Cardiopulmonary Stress Testing Systems Market Analysis and Forecast 12. Middle East & Africa Cardiopulmonary Stress Testing Systems Market Analysis and Forecast 13. Competition Landscape 13.1. Market Player - Competition Matrix (By Tier and Size of Companies) 13.2. Market Share/Position Analysis, by Company, 2018 13.3. Company Profiles For more information about this report visit https://www.researchandmarkets.com/r/5c4aq4 |
edtsum584 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: LONDON--(BUSINESS WIRE)--Technavio has been monitoring the laser direct structuring (LDS) antenna market and it is poised to grow by USD 403.10 mn during 2020-2024, progressing at a CAGR of over 15% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavios in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts Frequently Asked Questions: The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Amphenol Corp., Arlington Plating Co., Huizhou SPEED Wireless Technology Co. Ltd., Koch Industries Inc., LPKF Laser and Electronics AG, Luxshare Precision Industry Co. Ltd., Shenzhen Sunway Communication Co. Ltd., Taoglas Group Holdings Ltd., TE Connectivity Ltd., and Yageo Corp. are some of the major market participants. The use of energy-efficient engines will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Laser Direct Structuring (LDS) Antenna Market 2020-2024: Segmentation Laser Direct Structuring (LDS) Antenna Market is segmented as below: To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43027 Laser Direct Structuring (LDS) Antenna Market 2020-2024: Scope Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The laser direct structuring (LDS) antenna market report covers the following areas: This study identifies need for miniaturized electronic components as one of the prime reasons driving the Laser Direct Structuring (LDS) Antenna Market growth during the next few years. Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Laser Direct Structuring (LDS) Antenna Market 2020-2024: Key Highlights Table of Contents: Executive Summary Market Landscape Market Sizing Five Forces Analysis Market Segmentation by End-user Customer landscape Geographic Landscape Volume Driver - Demand led growth Market Challenges Market Trends Vendor Landscape Vendor Analysis Appendix About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Answer: | Laser Direct Structuring (LDS) Antenna Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Use of Energy-efficient Engines to Boost the Market Growth | Technavio | LONDON--(BUSINESS WIRE)--Technavio has been monitoring the laser direct structuring (LDS) antenna market and it is poised to grow by USD 403.10 mn during 2020-2024, progressing at a CAGR of over 15% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavios in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts Frequently Asked Questions: The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Amphenol Corp., Arlington Plating Co., Huizhou SPEED Wireless Technology Co. Ltd., Koch Industries Inc., LPKF Laser and Electronics AG, Luxshare Precision Industry Co. Ltd., Shenzhen Sunway Communication Co. Ltd., Taoglas Group Holdings Ltd., TE Connectivity Ltd., and Yageo Corp. are some of the major market participants. The use of energy-efficient engines will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Laser Direct Structuring (LDS) Antenna Market 2020-2024: Segmentation Laser Direct Structuring (LDS) Antenna Market is segmented as below: To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43027 Laser Direct Structuring (LDS) Antenna Market 2020-2024: Scope Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The laser direct structuring (LDS) antenna market report covers the following areas: This study identifies need for miniaturized electronic components as one of the prime reasons driving the Laser Direct Structuring (LDS) Antenna Market growth during the next few years. Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Laser Direct Structuring (LDS) Antenna Market 2020-2024: Key Highlights Table of Contents: Executive Summary Market Landscape Market Sizing Five Forces Analysis Market Segmentation by End-user Customer landscape Geographic Landscape Volume Driver - Demand led growth Market Challenges Market Trends Vendor Landscape Vendor Analysis Appendix About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. |
edtsum585 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: DUBLIN--(BUSINESS WIRE)--The "Construction in Japan - Key Trends and Opportunities to 2025 (H1 2021)" report has been added to ResearchAndMarkets.com's offering. Japan's construction industry was adversely affected by the coronavirus (COVID-19) pandemic, as well as the consequent introduction of state of emergency measures. Even though no strict nationwide lockdown was enforced in response to the crisis, the construction industry has been impacted by social distancing regulations and the temporary halt in construction works, resulting in a decline of 4% in 2020. According to the Economic and Social Research Institute (Cabinet Office, Government of Japan), private investment on building construction declined by 11.1% year on year (YoY) in Q3 2020, following a decline of 7% in the previous quarter. In addition, the total value of contracts received for construction declined by 7% YoY in 2020. The report expects the construction industry to stabilize and register growth of 1.7% in 2021, before growing at an annual average growth rate of 0.9% during 2022-2025, supported by investment in the transport, renewable energy, telecommunication, and manufacturing sectors. The government plans to develop 10GW of offshore wind capacity by Fiscal Year (FY) 2030/2031, in line with its target to increase the share of renewable energy in its total power mix to 22-24% by 2030. Investments in manufacturing plants will be supported by the government's focus on strengthening its supply chains and reducing dependence on China. To achieve this, in April 2020 the government allocated JPY220 billion (US$2 billion) in subsidies to attract manufacturing companies exiting China. This report provides detailed market analysis, information, and insights into Japan's construction industry, including: Scope Key Topics Covered: 1 Executive Summary 2 Construction Industry: At-a-Glance 3 Context 3.1 Economic Performance 3.2 Political Environment and Policy 3.3 Demographics 3.4 COVID-19 Status 4 Construction Outlook 4.1 All Construction 4.2 Commercial Construction 4.3 Industrial Construction 4.4 Infrastructure Construction 4.5 Energy and Utilities Construction 4.6 Institutional Construction 4.7 Residential Construction 5 Key Industry Participants 5.1 Contractors 5.2 Consultants 6 Construction Market Data 7 Appendix For more information about this report visit https://www.researchandmarkets.com/r/pvpnp
Answer: | Japan Construction Market Trends and Opportunities Report 2021-2025 - ResearchAndMarkets.com | DUBLIN--(BUSINESS WIRE)--The "Construction in Japan - Key Trends and Opportunities to 2025 (H1 2021)" report has been added to ResearchAndMarkets.com's offering. Japan's construction industry was adversely affected by the coronavirus (COVID-19) pandemic, as well as the consequent introduction of state of emergency measures. Even though no strict nationwide lockdown was enforced in response to the crisis, the construction industry has been impacted by social distancing regulations and the temporary halt in construction works, resulting in a decline of 4% in 2020. According to the Economic and Social Research Institute (Cabinet Office, Government of Japan), private investment on building construction declined by 11.1% year on year (YoY) in Q3 2020, following a decline of 7% in the previous quarter. In addition, the total value of contracts received for construction declined by 7% YoY in 2020. The report expects the construction industry to stabilize and register growth of 1.7% in 2021, before growing at an annual average growth rate of 0.9% during 2022-2025, supported by investment in the transport, renewable energy, telecommunication, and manufacturing sectors. The government plans to develop 10GW of offshore wind capacity by Fiscal Year (FY) 2030/2031, in line with its target to increase the share of renewable energy in its total power mix to 22-24% by 2030. Investments in manufacturing plants will be supported by the government's focus on strengthening its supply chains and reducing dependence on China. To achieve this, in April 2020 the government allocated JPY220 billion (US$2 billion) in subsidies to attract manufacturing companies exiting China. This report provides detailed market analysis, information, and insights into Japan's construction industry, including: Scope Key Topics Covered: 1 Executive Summary 2 Construction Industry: At-a-Glance 3 Context 3.1 Economic Performance 3.2 Political Environment and Policy 3.3 Demographics 3.4 COVID-19 Status 4 Construction Outlook 4.1 All Construction 4.2 Commercial Construction 4.3 Industrial Construction 4.4 Infrastructure Construction 4.5 Energy and Utilities Construction 4.6 Institutional Construction 4.7 Residential Construction 5 Key Industry Participants 5.1 Contractors 5.2 Consultants 6 Construction Market Data 7 Appendix For more information about this report visit https://www.researchandmarkets.com/r/pvpnp |
edtsum586 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: BOSTON--(BUSINESS WIRE)--Fidelity Investments today announced SherlockSM, a digital assets data and analytics solution that helps institutional investors navigate digital assets by bringing together comprehensive data coverage and easy to use, intuitive analytics tools in one central location. Sherlock offers streamlined access to fundamental and technical data about development ecosystems, network activity, trading, social media activity, news and other research on digital assets from some of the leading institutional data providers, as well as unique analytics to help investors evaluate the market. Its been exciting to see the tremendous growth in the digital assets data space over the past few years, and while the market is maturing rapidly, weve heard from institutional investors that theres still a need for a comprehensive and accessible data solution, said Kevin Vora, vice president, Product Management, Fidelity Center for Applied Technology (FCAT). Thats what were introducing with Sherlock robust and insightful datasets paired with highly intuitive tools to help clients make data-driven digital asset investment decisions. With Sherlock, institutional investors ranging from digital asset native investors to traditional asset managers can seamlessly access a wide set of data that provide fundamental and technical views of assets, including: Through Sherlocks intuitive user experience and tools, institutional investors can conduct in-depth asset analysis, discover insights and monitor market developments to help inform investment decisions. Users can also explore the data off-platform for modeling and back-testing. A major challenge when researching the crypto markets today is piecing together information from a myriad of resources, said Kinjal Shah, senior associate, Blockchain Capital LLC. Sherlock helps us research more efficiently by giving us access to holistic, timely data, which is crucial in this fast-paced market. As a quantitative asset manager, we require rich data for making trading decisions, and Sherlock goes above and beyond in delivering that, said Junaid Ghauri, CIO and co-founder, Pareto Technologies. Weve found the development data provided by Sherlock to be among the core differentiators from comparable platforms, and our team has successfully identified recurring alpha generation opportunities across altcoin markets by analyzing the developer dedication, developer activity and development network data that Sherlock offers. Sherlock was developed in FCAT, and FCAT is now expanding its limited release of the solution as it continues to develop and enhance the platform. FCAT also has a Blockchain Incubator team that conducts blockchain research and builds proofs of concepts around specific use cases for this technology. Were constantly exploring how emerging technologies can help meet the changing needs of the industry and our customers, and blockchain is one of our focus areas because we believe this technology, and digital assets, will play an important role in the financial industrys future, said Adam Schouela, head of emerging technology, FCAT. Sherlock helps institutional investors research digital assets more efficiently, and we continue to experiment with it and explore how technology can help simplify other aspects of investing in this space. Fidelity has been working for years to develop a blockchain ecosystem and has a heavy focus on research and development in this space. Fidelity Digital Assets provides institutional solutions for custody, trading and investments. For more information and to sign up for Sherlock, visit https://www.sherlockanalytics.com. About Fidelity Investments Fidelitys mission is to inspire better futures and deliver better outcomes for the customers and businesses we serve. With assets under administration of $10.3 trillion, including discretionary assets of $3.9 trillion as of March 31, 2021, we focus on meeting the unique needs of a diverse set of customers: helping more than 35 million people invest their own life savings, 22,000 businesses manage employee benefit programs, as well as providing more than 13,500 institutions with investment and technology solutions to invest their own clients money. Privately held for 75 years, Fidelity employs more than 47,000 associates who are focused on the long-term success of our customers. For more information about Fidelity Investments, visit https://www.fidelity.com/about- fidelity/our-company. About Fidelity Center for Applied Technology: The Fidelity Center for Applied Technology (FCAT) is a catalyst for breakthrough ideas, contributing to a successful future for Fidelity and its customers. FCAT teams track emerging social and tech trends, test product concepts and ideas, and build scalable solutions that support more efficient operations and enhance customer satisfaction. For more information about FCAT, visit https://www.fcatalyst.com/. 975642.1.0 2021 FMR LLC. All rights reserved.
Answer: | Fidelity Investments Introduces New Digital Assets Analytics Solution for Institutional Investors Solution delivers comprehensive data and deep analytics on digital assets in one central location to help inform investment decisions | BOSTON--(BUSINESS WIRE)--Fidelity Investments today announced SherlockSM, a digital assets data and analytics solution that helps institutional investors navigate digital assets by bringing together comprehensive data coverage and easy to use, intuitive analytics tools in one central location. Sherlock offers streamlined access to fundamental and technical data about development ecosystems, network activity, trading, social media activity, news and other research on digital assets from some of the leading institutional data providers, as well as unique analytics to help investors evaluate the market. Its been exciting to see the tremendous growth in the digital assets data space over the past few years, and while the market is maturing rapidly, weve heard from institutional investors that theres still a need for a comprehensive and accessible data solution, said Kevin Vora, vice president, Product Management, Fidelity Center for Applied Technology (FCAT). Thats what were introducing with Sherlock robust and insightful datasets paired with highly intuitive tools to help clients make data-driven digital asset investment decisions. With Sherlock, institutional investors ranging from digital asset native investors to traditional asset managers can seamlessly access a wide set of data that provide fundamental and technical views of assets, including: Through Sherlocks intuitive user experience and tools, institutional investors can conduct in-depth asset analysis, discover insights and monitor market developments to help inform investment decisions. Users can also explore the data off-platform for modeling and back-testing. A major challenge when researching the crypto markets today is piecing together information from a myriad of resources, said Kinjal Shah, senior associate, Blockchain Capital LLC. Sherlock helps us research more efficiently by giving us access to holistic, timely data, which is crucial in this fast-paced market. As a quantitative asset manager, we require rich data for making trading decisions, and Sherlock goes above and beyond in delivering that, said Junaid Ghauri, CIO and co-founder, Pareto Technologies. Weve found the development data provided by Sherlock to be among the core differentiators from comparable platforms, and our team has successfully identified recurring alpha generation opportunities across altcoin markets by analyzing the developer dedication, developer activity and development network data that Sherlock offers. Sherlock was developed in FCAT, and FCAT is now expanding its limited release of the solution as it continues to develop and enhance the platform. FCAT also has a Blockchain Incubator team that conducts blockchain research and builds proofs of concepts around specific use cases for this technology. Were constantly exploring how emerging technologies can help meet the changing needs of the industry and our customers, and blockchain is one of our focus areas because we believe this technology, and digital assets, will play an important role in the financial industrys future, said Adam Schouela, head of emerging technology, FCAT. Sherlock helps institutional investors research digital assets more efficiently, and we continue to experiment with it and explore how technology can help simplify other aspects of investing in this space. Fidelity has been working for years to develop a blockchain ecosystem and has a heavy focus on research and development in this space. Fidelity Digital Assets provides institutional solutions for custody, trading and investments. For more information and to sign up for Sherlock, visit https://www.sherlockanalytics.com. About Fidelity Investments Fidelitys mission is to inspire better futures and deliver better outcomes for the customers and businesses we serve. With assets under administration of $10.3 trillion, including discretionary assets of $3.9 trillion as of March 31, 2021, we focus on meeting the unique needs of a diverse set of customers: helping more than 35 million people invest their own life savings, 22,000 businesses manage employee benefit programs, as well as providing more than 13,500 institutions with investment and technology solutions to invest their own clients money. Privately held for 75 years, Fidelity employs more than 47,000 associates who are focused on the long-term success of our customers. For more information about Fidelity Investments, visit https://www.fidelity.com/about- fidelity/our-company. About Fidelity Center for Applied Technology: The Fidelity Center for Applied Technology (FCAT) is a catalyst for breakthrough ideas, contributing to a successful future for Fidelity and its customers. FCAT teams track emerging social and tech trends, test product concepts and ideas, and build scalable solutions that support more efficient operations and enhance customer satisfaction. For more information about FCAT, visit https://www.fcatalyst.com/. 975642.1.0 2021 FMR LLC. All rights reserved. |
edtsum587 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: ORLANDO, Fla., April 28, 2020 /PRNewswire/ --Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") will report financial results for the first quarter 2020 before the market opens on Monday, May 11, 2020. Management will discuss the Company's results and outlook during a conference call at 1:00 pm (Eastern Time) that day. To participate in the conference call, please follow the steps listed below: Monday, May 11, 2020, dial (855) 656-0921 (toll international: (412) 542-4169) approximately ten minutes before the call begins; Tell the operator that you are calling for Xenia Hotels and Resorts' First Quarter 2020 Earnings Conference Call; State your full name and company affiliation and you will be connected to the call. For those unable to listen to the call live, a replay will be available one hour after the end of the conference call. To access the replay, dial (877) 344-7529, access code 10143574. A live webcast of the earnings call will also be available through the Company's website. To access, log on to www.xeniareit.com ten minutes prior to the call. A replay of the conference call webcast will be archived and available online for 90 days through the Investor Relations section of www.xeniareit.com. About Xenia Hotels & Resorts, Inc. Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT that invests primarily in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 39 hotels comprising 11,245 rooms across 16 states. Xenia's hotels are primarily in the luxury and upper upscale segments, and operated and/or licensed by industry leaders such as Marriott, Hyatt, Kimpton, Fairmont, Loews, and Hilton, as well as leading independent management companies including The Kessler Collection and Sage Hospitality. For more information on Xenia's business, refer to the Company website at www.xeniareit.com. For additional information or to receive press releases via email, please visit our website at www.xeniareit.com SOURCE Xenia Hotels & Resorts, Inc. Related Links http://www.xeniareit.com
Answer: | Xenia Hotels & Resorts Announces Timing Of First Quarter 2020 Earnings Release And Conference Call | ORLANDO, Fla., April 28, 2020 /PRNewswire/ --Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") will report financial results for the first quarter 2020 before the market opens on Monday, May 11, 2020. Management will discuss the Company's results and outlook during a conference call at 1:00 pm (Eastern Time) that day. To participate in the conference call, please follow the steps listed below: Monday, May 11, 2020, dial (855) 656-0921 (toll international: (412) 542-4169) approximately ten minutes before the call begins; Tell the operator that you are calling for Xenia Hotels and Resorts' First Quarter 2020 Earnings Conference Call; State your full name and company affiliation and you will be connected to the call. For those unable to listen to the call live, a replay will be available one hour after the end of the conference call. To access the replay, dial (877) 344-7529, access code 10143574. A live webcast of the earnings call will also be available through the Company's website. To access, log on to www.xeniareit.com ten minutes prior to the call. A replay of the conference call webcast will be archived and available online for 90 days through the Investor Relations section of www.xeniareit.com. About Xenia Hotels & Resorts, Inc. Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT that invests primarily in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 39 hotels comprising 11,245 rooms across 16 states. Xenia's hotels are primarily in the luxury and upper upscale segments, and operated and/or licensed by industry leaders such as Marriott, Hyatt, Kimpton, Fairmont, Loews, and Hilton, as well as leading independent management companies including The Kessler Collection and Sage Hospitality. For more information on Xenia's business, refer to the Company website at www.xeniareit.com. For additional information or to receive press releases via email, please visit our website at www.xeniareit.com SOURCE Xenia Hotels & Resorts, Inc. Related Links http://www.xeniareit.com |
edtsum588 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: WASHINGTON, June 3, 2020 /PRNewswire/ --Protect Our Power today released the following letter of support to the co-chairs of the Cyberspace Solarium Commission, Sen. Angus King (I-ME) and Rep. Mike Gallagher (R-WI): Dear Sen. King and Rep. Gallagher: On behalf of Protect Our Power, a non-partisan, non-profit organization focused on making the U.S. electric grid more secure and resilient, we want to commend the Cyberspace Solarium Commission (CSC) on the issuance of the white paper "Cybersecurity Lessons from the Pandemic." By adding insightful pandemic-related observations and recommendations to the ones provided in the CSC's original March 2020 report, this new white paper further highlights the challenges of ensuring the resilience of our nation's critical infrastructure, including the electric grid, and provides important guidance on what the United States needs to do to prepare for a major cyber disruption. Our nation is under daily cyber assault from a range of entities, including those that would disable or destroy our electric grid in order to bring our economy and our country to a grinding halt. We have been repeatedly warned about these threats by every relevant government agency and, as the coronavirus demonstrated, an existential threat can engulf our entire nation with a speed and level of impact that we previously believed was impossible. As the white paper suggests, and Protect Our Power agrees, the CSC's full set of recommendations "are now more urgent than ever." Specifically, enacting an Internet of Things Security law to enhance the security of the electric grid is of critical importance, as more than 50 billion devices will soon be interconnected, each providing a potential pathway to the grid. This will become increasingly critical as more people work from home following the pandemic. We also agree that responding to complex emergencies "requires a balance between agility and institutional resilience across each sector of the economy, focusing particularly on critical infrastructure," especially, in our opinion, the electric grid, upon which all other elements of critical infrastructure depend to provide power. Finally, as history and the pandemic have taught us, there is no substitute for planning and preparation, and prevention is far cheaper, and preestablished relationships far more effective, than a reactive strategy based solely on detection and response. Again, Protect Our Power applauds the Commission and supports the recommendations contained in both the original report and this most recent white paper. Our team of formerelectric industry executives and experts is available to you as a resource to help ensure adoption and implementation of these critical initiatives. It is not an exaggeration to suggest that the well-being of our nation and the full recovery of our economy from the coronavirus pandemic depend on swift and decisive action by Congress and relevant federal agencies. The CSC has provided a detailed roadmap for making our nation far more secure and resilient, and the time for action is now. Sincerely, Jim Cunningham Executive Director Protect Our Power About Protect Our PowerProtect Our Power is a not-for-profit organization designed to build a consensus among key stakeholders, decision-makers and public policy influencers to launch a coordinated and adequately funded effort to make the nation's electric grid more resilient and more resistant to all external threats. POP is singularly and uniquely positioned as a non-partisan, unbiased thought leader able to serve as a convening, moderating, action-oriented voice. SOURCE Protect Our Power (POP)
Answer: | Protect Our Power Commends Cyberspace Solarium Commission for Issuing "Cybersecurity Lessons from the Pandemic" White Paper | WASHINGTON, June 3, 2020 /PRNewswire/ --Protect Our Power today released the following letter of support to the co-chairs of the Cyberspace Solarium Commission, Sen. Angus King (I-ME) and Rep. Mike Gallagher (R-WI): Dear Sen. King and Rep. Gallagher: On behalf of Protect Our Power, a non-partisan, non-profit organization focused on making the U.S. electric grid more secure and resilient, we want to commend the Cyberspace Solarium Commission (CSC) on the issuance of the white paper "Cybersecurity Lessons from the Pandemic." By adding insightful pandemic-related observations and recommendations to the ones provided in the CSC's original March 2020 report, this new white paper further highlights the challenges of ensuring the resilience of our nation's critical infrastructure, including the electric grid, and provides important guidance on what the United States needs to do to prepare for a major cyber disruption. Our nation is under daily cyber assault from a range of entities, including those that would disable or destroy our electric grid in order to bring our economy and our country to a grinding halt. We have been repeatedly warned about these threats by every relevant government agency and, as the coronavirus demonstrated, an existential threat can engulf our entire nation with a speed and level of impact that we previously believed was impossible. As the white paper suggests, and Protect Our Power agrees, the CSC's full set of recommendations "are now more urgent than ever." Specifically, enacting an Internet of Things Security law to enhance the security of the electric grid is of critical importance, as more than 50 billion devices will soon be interconnected, each providing a potential pathway to the grid. This will become increasingly critical as more people work from home following the pandemic. We also agree that responding to complex emergencies "requires a balance between agility and institutional resilience across each sector of the economy, focusing particularly on critical infrastructure," especially, in our opinion, the electric grid, upon which all other elements of critical infrastructure depend to provide power. Finally, as history and the pandemic have taught us, there is no substitute for planning and preparation, and prevention is far cheaper, and preestablished relationships far more effective, than a reactive strategy based solely on detection and response. Again, Protect Our Power applauds the Commission and supports the recommendations contained in both the original report and this most recent white paper. Our team of formerelectric industry executives and experts is available to you as a resource to help ensure adoption and implementation of these critical initiatives. It is not an exaggeration to suggest that the well-being of our nation and the full recovery of our economy from the coronavirus pandemic depend on swift and decisive action by Congress and relevant federal agencies. The CSC has provided a detailed roadmap for making our nation far more secure and resilient, and the time for action is now. Sincerely, Jim Cunningham Executive Director Protect Our Power About Protect Our PowerProtect Our Power is a not-for-profit organization designed to build a consensus among key stakeholders, decision-makers and public policy influencers to launch a coordinated and adequately funded effort to make the nation's electric grid more resilient and more resistant to all external threats. POP is singularly and uniquely positioned as a non-partisan, unbiased thought leader able to serve as a convening, moderating, action-oriented voice. SOURCE Protect Our Power (POP) |
edtsum589 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: BANGALORE, India & EAST BRUNSWICK, N.J.--(BUSINESS WIRE)--Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) today announced financial results under International Financial Reporting Standards (IFRS) for the quarter ended December 31, 2020. Highlights of the Results Results for the Quarter ended December 31, 2020: Performance for the quarter ended December 31, 2020 Thierry Delaporte, CEO and Managing Director said, Wipro has delivered a second consecutive quarter of strong performance on order booking, revenue and margins. Five of our sectors grew over 4% sequentially. We closed our largest ever deal win in Continental Europe. The demand environment is steadily improving, especially for digital transformation, digital operations, and cloud services. I am also pleased to share with you that we have moved into our new organization structure and are stabilizing quickly. Jatin Dalal, Chief Financial Officer said, Our margins are now at a 22 quarters high. The expansion was led by improved revenue growth trajectory and excellence in operations with several metrics at an all-time high. Our Operating Cash Flows grew by 45% YoY with a significant improvement in outstanding receivables. Outlook for the quarter ending March 31, 2021 We expect Revenue from our IT Services business to be in the range of $2,102 million to $2,143 million*. This translates to a sequential growth of 1.5% to 3.5%. * Outlook is based on the following exchange rates: GBP/USD at 1.33, Euro/USD at 1.20, AUD/USD at 0.73, USD/INR at 73.84 and CAD/USD at 0.76 IT Services Wipro continued its momentum in winning large deals with our customers as described below: Digital & Cloud Application Services Highlights We continue to see increasing traction in digital oriented deals as illustrated below: Analyst Recognition Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartners research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. IT Products India business from State Run Enterprises (ISRE) Please refer to the table at the end for reconciliation between IFRS IT Services Revenue and IT Services Revenue on a non-GAAP constant currency basis. About Non-GAAP Financial Measures This press release contains non-GAAP financial measures within the meaning of Regulation G and Item 10(e) of Regulation S-K. Such non-GAAP financial measures are measures of our historical or future performance, financial position or cash flows that are adjusted to exclude or include amounts that are excluded or included, as the case may be, from the most directly comparable financial measure calculated and presented in accordance with IFRS. The table at the end provides IT Services Revenue on a constant currency basis, which is a non-GAAP financial measure that is calculated by translating IT Services Revenue from the current reporting period into U.S. dollars based on the currency conversion rate in effect for the prior reporting period. We refer to growth rates in constant currency so that business results may be viewed without the impact of fluctuations in foreign currency exchange rates, thereby facilitating period-to-period comparisons of our business performance. Further, in the normal course of business, we may divest a portion of our business which may not be strategic. We refer to the growth rates in both reported and constant currency adjusting for such divestments in order to represent the comparable growth rates. This non-GAAP financial measure is not based on any comprehensive set of accounting rules or principles and should not be considered a substitute for, or superior to, the most directly comparable financial measure calculated in accordance with IFRS and may be different from non-GAAP measures used by other companies. In addition to this non-GAAP measure, the financial statements prepared in accordance with IFRS and the reconciliation of these non-GAAP financial measures with the most directly comparable IFRS financial measure should be carefully evaluated. Results for the quarter ended December 31, 2020, prepared under IFRS, along with individual business segment reports, are available in the Investors section of our website www.wipro.com. Quarterly Conference Call We will hold an earnings conference call today at 07:45 p.m. Indian Standard Time (09:15 a.m. U.S. Eastern Time) to discuss our performance for the quarter. The audio from the conference call will be available online through a web-cast and can be accessed at the following link- https://links.ccwebcast.com/?EventId=WIPRO30121 An audio recording of the management discussions and the question and answer session will be available online and will be accessible in the Investor Relations section of our website at www.wipro.com. About Wipro Limited Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 180,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future. Forward-Looking Statements The forward-looking statements contained herein represent Wipros beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipros control. Such statements include, but are not limited to, statements regarding Wipros growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the companys filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf. WIPRO LIMITED AND SUBSIDIARIES INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (Rs in millions, except share and per share data, unless otherwise stated) As at March 31, 2020 As at December 31, 2020 Convenience translation into US dollar in millions Refer footnote 1 ASSETS Goodwill 131,012 136,322 1,867 Intangible assets 16,362 13,056 179 Property, plant and equipment 81,120 83,372 1,142 Right-of-Use assets 16,748 15,427 211 Financial assets Derivative assets - 51 1 Investments 9,302 8,679 119 Trade receivables 6,049 4,613 63 Other financial assets 5,881 6,657 91 Investments accounted for using the equity method 1,383 1,459 20 Deferred tax assets 6,005 1,690 23 Non-current tax assets 11,414 14,020 192 Other non-current assets 11,935 11,433 157 Total non-current assets 297,211 296,779 4,065 Inventories 1,865 1,205 17 Financial assets Derivative assets 3,025 4,088 56 Investments 189,635 312,909 4,286 Cash and cash equivalents 144,499 139,435 1,910 Trade receivables 104,474 91,841 1,258 Unbilled receivables 25,209 23,105 316 Other financial assets 8,614 9,028 124 Contract assets 17,143 14,847 203 Current tax assets 2,882 2,354 32 Other current assets 22,505 22,144 303 Total current assets 519,851 620,956 8,505 TOTAL ASSETS 817,062 917,735 12,570 EQUITY Share capital 11,427 11,431 157 Share premium 1,275 1,815 25 Retained earnings 476,103 424,275 5,811 Share-based payment reserve 1,550 1,765 24 SEZ Re-investment reserve 43,804 57,217 784 Other components of equity 23,299 30,647 420 Equity attributable to the equity holders of the Company 557,458 527,150 7,221 Non-controlling interest 1,875 1,489 20 TOTAL EQUITY 559,333 528,639 7,241 LIABILITIES Financial liabilities Loans and borrowings 4,840 213 3 Derivative liabilities 138 - - Lease liabilities 12,638 12,894 177 Other financial liabilities 151 929 13 Deferred tax liabilities 2,825 5,181 71 Non-current tax liabilities 13,205 12,442 170 Other non-current liabilities 7,537 7,803 107 Provisions 2 1 ^ Total non-current liabilities 41,336 39,463 541 Financial liabilities Loans, borrowings and bank overdrafts 73,202 73,256 1,003 Derivative liabilities 7,231 3,467 47 Trade payables and accrued expenses 78,129 83,461 1,143 Lease liabilities 6,560 7,502 103 Other financial liabilities 899 96,604 1,323 Contract liabilities 18,775 22,118 303 Current tax liabilities 11,731 15,913 218 Other current liabilities 19,254 46,627 639 Provisions 612 685 9 Total current liabilities 216,393 349,633 4,788 TOTAL LIABILITIES 257,729 389,096 5,329 TOTAL EQUITY AND LIABILITIES 817,062 917,735 12,570 ^ Value is less than 1 WIPRO LIMITED AND SUBSIDIARIES INTERIM CONDENSED CONSOLIDATED STATEMENT OF INCOME (Rs in millions, except share and per share data, unless otherwise stated) Three months ended December 31, Nine months ended December 31, 2019 2020 2020 2019 2020 2020 Convenience translation into US dollar in millions Refer footnote 1 Convenience translation into US dollar in millions Refer footnote 1 Revenues 154,705 156,700 2,146 453,122 456,976 6,259 Cost of revenues (109,673) (104,313) (1,429) (321,952) (313,400) (4,293) Gross profit 45,032 52,387 717 131,170 143,576 1,966 Selling and marketing expenses (11,030) (11,326) (155) (32,612) (30,721) (421) General and administrative expenses (7,496) (7,814) (107) (22,142) (25,997) (356) Foreign exchange gains 727 566 8 2,176 2,109 29 Other operating income/(loss), net - - - 749 (81) (1) Results from operating activities 27,233 33,813 463 79,341 88,886 1,217 Finance expenses (1,844) (1,400) (19) (5,675) (3,966) (54) Finance and other income 5,370 5,975 82 19,174 16,465 226 Share of net profit /(loss) of associates accounted for using the equity method 34 101 1 16 126 2 Profit before tax 30,793 38,489 527 92,856 101,511 1,391 Income tax expense (6,164) (8,524) (117) (18,594) (22,590) (309) Profit for the period 24,629 29,965 410 74,262 78,921 1,082 Profit attributable to: Equity holders of the Company 24,558 29,667 406 73,958 78,225 1,072 Non-controlling interest 71 298 4 304 696 10 Profit for the period 24,629 29,965 410 74,262 78,921 1,082 Earnings per equity share: Attributable to equity holders of the Company Basic 4.31 5.21 0.07 12.58 13.74 0.19 Diluted 4.30 5.17 0.07 12.55 13.46 0.18 Weighted average number of equity shares used in computing earnings per equity share Basic 5,692,132,118 5,696,798,493 5,696,798,493 5,879,588,157 5,694,731,405 5,694,731,405 Diluted 5,703,265,041 5,741,070,466 5,741,070,466 5,892,966,906 5,812,779,105 5,812,779,105 Additional Information: Particulars Three months ended Nine months ended Year ended December 31, 2020 September 30, 2020 December 31, 2019 December 31, 2020 December 31, 2019 March 31, 2020 Audited Audited Audited Audited Audited Audited Revenue IT Services BFSI 46,825 45,995 46,612 137,648 137,767 184,457 Health BU 21,266 20,294 19,799 61,320 57,651 78,240 CBU 25,077 23,927 25,443 72,183 71,339 97,008 ENU 20,076 18,990 19,553 58,345 56,873 76,443 TECH 19,394 18,478 18,584 57,542 56,392 75,895 MFG 12,677 12,175 12,450 36,672 35,672 48,158 COMM 8,016 7,822 8,565 23,258 25,387 33,840 Total of IT Services 153,331 147,681 151,006 446,968 441,081 594,041 IT Products 1,552 1,691 2,576 5,501 8,218 11,010 ISRE 2,393 2,119 1,847 6,629 6,059 8,400 Reconciling Items (10) (8) 3 (13) (60) (50) Total Revenue 157,266 151,483 155,432 459,085 455,298 613,401 Other operating income/(loss), net IT Services - (178) - (81) 749 1,144 Total Other operating income/(loss), net - (178) - (81) 749 1,144 Segment Result IT Services BFSI 9,820 9,209 8,246 27,546 25,988 34,132 Health BU 4,359 4,005 3,186 11,092 8,978 12,027 CBU 6,166 5,507 4,725 16,092 12,183 16,729 ENU 3,688 3,329 3,130 10,586 8,410 12,176 TECH 3,128 2,632 3,256 9,927 10,406 14,312 MFG 2,552 2,379 2,385 7,159 6,916 9,252 COMM 1,445 1,320 1,444 3,656 4,006 5,336 Unallocated 2,046 148 1,360 3,400 3,124 2,577 Other operating income/(loss), net - (178) - (81) 749 1,144 Total of IT Services 33,204 28,351 27,732 89,377 80,760 107,685 IT Products 89 (300) (140) (87) (398) (282) ISRE 473 114 (528) 487 (1,341) (1,822) Reconciling Items 47 (30) 169 (891) 320 149 Total 33,813 28,135 27,233 88,886 79,341 105,730 Finance Expense (1,400) (1,267) (1,844) (3,966) (5,675) (7,328) Finance and Other Income 5,975 5,209 5,370 16,465 19,174 24,081 Share of net profit/ (loss) of associates accounted for using the equity method 101 (6) 34 126 16 29 Profit before tax 38,489 32,071 30,793 101,511 92,856 122,512 The Company is organized into the following operating segments: IT Services, IT Products and India State Run Enterprise segment (ISRE). IT Services: The IT Services segment primarily consists of IT Service offerings to customers organized by industry verticals. The industry verticals are as follows: Banking, Financial Services and Insurance (BFSI), Health Business unit (Health BU), Consumer Business unit (CBU), Energy, Natural Resources & Utilities (ENU), Manufacturing (MFG), Technology (TECH) and Communications (COMM). Key service offerings to customers includes software application development and maintenance, research and development services for hardware and software design, business application services, analytics, consulting, infrastructure outsourcing services and business process services. IT Products: The Company is a value-added reseller of desktops, servers, notebooks, storage products, networking solutions and packaged software for leading international brands. In certain total outsourcing contracts of the IT Services segment, the Company delivers hardware, software products and other related deliverables. Revenue relating to the above items is reported as revenue from the sale of IT Products. India State Run Enterprise segment (ISRE): This segment consists of IT Services offerings to entities/ departments owned or controlled by the Government of India and/ or any State Governments. Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($Mn) Three Months ended December 31, 2020 IT Services Revenue as per IFRS $ 2,071.0 Effect of Foreign currency exchange movement $ (11.8 ) Non-GAAP Constant Currency IT Services Revenue based on $ 2,059.2 previous quarter exchange rates Three Months ended December 31, 2020 IT Services Revenue as per IFRS $ 2,071.0 Effect of Foreign currency exchange movement $ (17.9 ) Non-GAAP Constant Currency IT Services Revenue based on $ 2,053.1 exchange rates of comparable period in previous year
Answer: | Wipro Limited Announces Results for the Quarter ended December 31, 2020 under IFRS IT Services Revenue growth at 3.9% QoQ, highest in 36 quarters Net Income for the quarter increased by 20.8% YoY | BANGALORE, India & EAST BRUNSWICK, N.J.--(BUSINESS WIRE)--Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) today announced financial results under International Financial Reporting Standards (IFRS) for the quarter ended December 31, 2020. Highlights of the Results Results for the Quarter ended December 31, 2020: Performance for the quarter ended December 31, 2020 Thierry Delaporte, CEO and Managing Director said, Wipro has delivered a second consecutive quarter of strong performance on order booking, revenue and margins. Five of our sectors grew over 4% sequentially. We closed our largest ever deal win in Continental Europe. The demand environment is steadily improving, especially for digital transformation, digital operations, and cloud services. I am also pleased to share with you that we have moved into our new organization structure and are stabilizing quickly. Jatin Dalal, Chief Financial Officer said, Our margins are now at a 22 quarters high. The expansion was led by improved revenue growth trajectory and excellence in operations with several metrics at an all-time high. Our Operating Cash Flows grew by 45% YoY with a significant improvement in outstanding receivables. Outlook for the quarter ending March 31, 2021 We expect Revenue from our IT Services business to be in the range of $2,102 million to $2,143 million*. This translates to a sequential growth of 1.5% to 3.5%. * Outlook is based on the following exchange rates: GBP/USD at 1.33, Euro/USD at 1.20, AUD/USD at 0.73, USD/INR at 73.84 and CAD/USD at 0.76 IT Services Wipro continued its momentum in winning large deals with our customers as described below: Digital & Cloud Application Services Highlights We continue to see increasing traction in digital oriented deals as illustrated below: Analyst Recognition Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartners research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. IT Products India business from State Run Enterprises (ISRE) Please refer to the table at the end for reconciliation between IFRS IT Services Revenue and IT Services Revenue on a non-GAAP constant currency basis. About Non-GAAP Financial Measures This press release contains non-GAAP financial measures within the meaning of Regulation G and Item 10(e) of Regulation S-K. Such non-GAAP financial measures are measures of our historical or future performance, financial position or cash flows that are adjusted to exclude or include amounts that are excluded or included, as the case may be, from the most directly comparable financial measure calculated and presented in accordance with IFRS. The table at the end provides IT Services Revenue on a constant currency basis, which is a non-GAAP financial measure that is calculated by translating IT Services Revenue from the current reporting period into U.S. dollars based on the currency conversion rate in effect for the prior reporting period. We refer to growth rates in constant currency so that business results may be viewed without the impact of fluctuations in foreign currency exchange rates, thereby facilitating period-to-period comparisons of our business performance. Further, in the normal course of business, we may divest a portion of our business which may not be strategic. We refer to the growth rates in both reported and constant currency adjusting for such divestments in order to represent the comparable growth rates. This non-GAAP financial measure is not based on any comprehensive set of accounting rules or principles and should not be considered a substitute for, or superior to, the most directly comparable financial measure calculated in accordance with IFRS and may be different from non-GAAP measures used by other companies. In addition to this non-GAAP measure, the financial statements prepared in accordance with IFRS and the reconciliation of these non-GAAP financial measures with the most directly comparable IFRS financial measure should be carefully evaluated. Results for the quarter ended December 31, 2020, prepared under IFRS, along with individual business segment reports, are available in the Investors section of our website www.wipro.com. Quarterly Conference Call We will hold an earnings conference call today at 07:45 p.m. Indian Standard Time (09:15 a.m. U.S. Eastern Time) to discuss our performance for the quarter. The audio from the conference call will be available online through a web-cast and can be accessed at the following link- https://links.ccwebcast.com/?EventId=WIPRO30121 An audio recording of the management discussions and the question and answer session will be available online and will be accessible in the Investor Relations section of our website at www.wipro.com. About Wipro Limited Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 180,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future. Forward-Looking Statements The forward-looking statements contained herein represent Wipros beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipros control. Such statements include, but are not limited to, statements regarding Wipros growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the companys filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf. WIPRO LIMITED AND SUBSIDIARIES INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (Rs in millions, except share and per share data, unless otherwise stated) As at March 31, 2020 As at December 31, 2020 Convenience translation into US dollar in millions Refer footnote 1 ASSETS Goodwill 131,012 136,322 1,867 Intangible assets 16,362 13,056 179 Property, plant and equipment 81,120 83,372 1,142 Right-of-Use assets 16,748 15,427 211 Financial assets Derivative assets - 51 1 Investments 9,302 8,679 119 Trade receivables 6,049 4,613 63 Other financial assets 5,881 6,657 91 Investments accounted for using the equity method 1,383 1,459 20 Deferred tax assets 6,005 1,690 23 Non-current tax assets 11,414 14,020 192 Other non-current assets 11,935 11,433 157 Total non-current assets 297,211 296,779 4,065 Inventories 1,865 1,205 17 Financial assets Derivative assets 3,025 4,088 56 Investments 189,635 312,909 4,286 Cash and cash equivalents 144,499 139,435 1,910 Trade receivables 104,474 91,841 1,258 Unbilled receivables 25,209 23,105 316 Other financial assets 8,614 9,028 124 Contract assets 17,143 14,847 203 Current tax assets 2,882 2,354 32 Other current assets 22,505 22,144 303 Total current assets 519,851 620,956 8,505 TOTAL ASSETS 817,062 917,735 12,570 EQUITY Share capital 11,427 11,431 157 Share premium 1,275 1,815 25 Retained earnings 476,103 424,275 5,811 Share-based payment reserve 1,550 1,765 24 SEZ Re-investment reserve 43,804 57,217 784 Other components of equity 23,299 30,647 420 Equity attributable to the equity holders of the Company 557,458 527,150 7,221 Non-controlling interest 1,875 1,489 20 TOTAL EQUITY 559,333 528,639 7,241 LIABILITIES Financial liabilities Loans and borrowings 4,840 213 3 Derivative liabilities 138 - - Lease liabilities 12,638 12,894 177 Other financial liabilities 151 929 13 Deferred tax liabilities 2,825 5,181 71 Non-current tax liabilities 13,205 12,442 170 Other non-current liabilities 7,537 7,803 107 Provisions 2 1 ^ Total non-current liabilities 41,336 39,463 541 Financial liabilities Loans, borrowings and bank overdrafts 73,202 73,256 1,003 Derivative liabilities 7,231 3,467 47 Trade payables and accrued expenses 78,129 83,461 1,143 Lease liabilities 6,560 7,502 103 Other financial liabilities 899 96,604 1,323 Contract liabilities 18,775 22,118 303 Current tax liabilities 11,731 15,913 218 Other current liabilities 19,254 46,627 639 Provisions 612 685 9 Total current liabilities 216,393 349,633 4,788 TOTAL LIABILITIES 257,729 389,096 5,329 TOTAL EQUITY AND LIABILITIES 817,062 917,735 12,570 ^ Value is less than 1 WIPRO LIMITED AND SUBSIDIARIES INTERIM CONDENSED CONSOLIDATED STATEMENT OF INCOME (Rs in millions, except share and per share data, unless otherwise stated) Three months ended December 31, Nine months ended December 31, 2019 2020 2020 2019 2020 2020 Convenience translation into US dollar in millions Refer footnote 1 Convenience translation into US dollar in millions Refer footnote 1 Revenues 154,705 156,700 2,146 453,122 456,976 6,259 Cost of revenues (109,673) (104,313) (1,429) (321,952) (313,400) (4,293) Gross profit 45,032 52,387 717 131,170 143,576 1,966 Selling and marketing expenses (11,030) (11,326) (155) (32,612) (30,721) (421) General and administrative expenses (7,496) (7,814) (107) (22,142) (25,997) (356) Foreign exchange gains 727 566 8 2,176 2,109 29 Other operating income/(loss), net - - - 749 (81) (1) Results from operating activities 27,233 33,813 463 79,341 88,886 1,217 Finance expenses (1,844) (1,400) (19) (5,675) (3,966) (54) Finance and other income 5,370 5,975 82 19,174 16,465 226 Share of net profit /(loss) of associates accounted for using the equity method 34 101 1 16 126 2 Profit before tax 30,793 38,489 527 92,856 101,511 1,391 Income tax expense (6,164) (8,524) (117) (18,594) (22,590) (309) Profit for the period 24,629 29,965 410 74,262 78,921 1,082 Profit attributable to: Equity holders of the Company 24,558 29,667 406 73,958 78,225 1,072 Non-controlling interest 71 298 4 304 696 10 Profit for the period 24,629 29,965 410 74,262 78,921 1,082 Earnings per equity share: Attributable to equity holders of the Company Basic 4.31 5.21 0.07 12.58 13.74 0.19 Diluted 4.30 5.17 0.07 12.55 13.46 0.18 Weighted average number of equity shares used in computing earnings per equity share Basic 5,692,132,118 5,696,798,493 5,696,798,493 5,879,588,157 5,694,731,405 5,694,731,405 Diluted 5,703,265,041 5,741,070,466 5,741,070,466 5,892,966,906 5,812,779,105 5,812,779,105 Additional Information: Particulars Three months ended Nine months ended Year ended December 31, 2020 September 30, 2020 December 31, 2019 December 31, 2020 December 31, 2019 March 31, 2020 Audited Audited Audited Audited Audited Audited Revenue IT Services BFSI 46,825 45,995 46,612 137,648 137,767 184,457 Health BU 21,266 20,294 19,799 61,320 57,651 78,240 CBU 25,077 23,927 25,443 72,183 71,339 97,008 ENU 20,076 18,990 19,553 58,345 56,873 76,443 TECH 19,394 18,478 18,584 57,542 56,392 75,895 MFG 12,677 12,175 12,450 36,672 35,672 48,158 COMM 8,016 7,822 8,565 23,258 25,387 33,840 Total of IT Services 153,331 147,681 151,006 446,968 441,081 594,041 IT Products 1,552 1,691 2,576 5,501 8,218 11,010 ISRE 2,393 2,119 1,847 6,629 6,059 8,400 Reconciling Items (10) (8) 3 (13) (60) (50) Total Revenue 157,266 151,483 155,432 459,085 455,298 613,401 Other operating income/(loss), net IT Services - (178) - (81) 749 1,144 Total Other operating income/(loss), net - (178) - (81) 749 1,144 Segment Result IT Services BFSI 9,820 9,209 8,246 27,546 25,988 34,132 Health BU 4,359 4,005 3,186 11,092 8,978 12,027 CBU 6,166 5,507 4,725 16,092 12,183 16,729 ENU 3,688 3,329 3,130 10,586 8,410 12,176 TECH 3,128 2,632 3,256 9,927 10,406 14,312 MFG 2,552 2,379 2,385 7,159 6,916 9,252 COMM 1,445 1,320 1,444 3,656 4,006 5,336 Unallocated 2,046 148 1,360 3,400 3,124 2,577 Other operating income/(loss), net - (178) - (81) 749 1,144 Total of IT Services 33,204 28,351 27,732 89,377 80,760 107,685 IT Products 89 (300) (140) (87) (398) (282) ISRE 473 114 (528) 487 (1,341) (1,822) Reconciling Items 47 (30) 169 (891) 320 149 Total 33,813 28,135 27,233 88,886 79,341 105,730 Finance Expense (1,400) (1,267) (1,844) (3,966) (5,675) (7,328) Finance and Other Income 5,975 5,209 5,370 16,465 19,174 24,081 Share of net profit/ (loss) of associates accounted for using the equity method 101 (6) 34 126 16 29 Profit before tax 38,489 32,071 30,793 101,511 92,856 122,512 The Company is organized into the following operating segments: IT Services, IT Products and India State Run Enterprise segment (ISRE). IT Services: The IT Services segment primarily consists of IT Service offerings to customers organized by industry verticals. The industry verticals are as follows: Banking, Financial Services and Insurance (BFSI), Health Business unit (Health BU), Consumer Business unit (CBU), Energy, Natural Resources & Utilities (ENU), Manufacturing (MFG), Technology (TECH) and Communications (COMM). Key service offerings to customers includes software application development and maintenance, research and development services for hardware and software design, business application services, analytics, consulting, infrastructure outsourcing services and business process services. IT Products: The Company is a value-added reseller of desktops, servers, notebooks, storage products, networking solutions and packaged software for leading international brands. In certain total outsourcing contracts of the IT Services segment, the Company delivers hardware, software products and other related deliverables. Revenue relating to the above items is reported as revenue from the sale of IT Products. India State Run Enterprise segment (ISRE): This segment consists of IT Services offerings to entities/ departments owned or controlled by the Government of India and/ or any State Governments. Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($Mn) Three Months ended December 31, 2020 IT Services Revenue as per IFRS $ 2,071.0 Effect of Foreign currency exchange movement $ (11.8 ) Non-GAAP Constant Currency IT Services Revenue based on $ 2,059.2 previous quarter exchange rates Three Months ended December 31, 2020 IT Services Revenue as per IFRS $ 2,071.0 Effect of Foreign currency exchange movement $ (17.9 ) Non-GAAP Constant Currency IT Services Revenue based on $ 2,053.1 exchange rates of comparable period in previous year |
edtsum590 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, Jan. 13, 2021 /PRNewswire/ -- Today, Sony/ATV Music Publishing UK announced it has signed award-winning singer, songwriter, jazz musician, and radio broadcaster Jamie Cullum to a global publishing agreement.Jamie Cullum is one of the UK's top jazz artists/songwriters, known for crafting hit songs across genres and collaborating with prominent talent including Paul McCartney, Pharrell, Kendrick Lamar, Lang Lang, and Clint Eastwood. Jamie's signing is an exciting return to the company after signing his first-ever publishing deal with EMI eighteen years ago. Photo credit: Edward Cooke Recently, Cullum released a brand-new album, The Pianoman at Christmas, which was recorded at London's famous Abbey Road studios and features ten original songs played by 57 of Britain's best musicians. Jamie said, "I'm so proud to have signed with Sony/ATV and to be rejoining a team I first started working with in 2003 at the very beginning of my professional career. Whilst I have had a long and interesting journey as a songwriter, I do feel like I'm entering a new phase in the body of work I'm creating. I know and respect the team at Sony/ATV and I'm excited to explore with them the possibilities of where we can use my songs not only within my own recorded output but also for other artists and in film, theatre, computer games and beyond."Sony/ATV UK President, Co-Managing Director David Ventura and Co-Managing Director Tim Major said, "Jamie is a class act in every way as a songwriter, a musician, a voice and as a person. We're absolutely thrilled that he has chosen to work with us on this exciting next phase of his career."Fran Malyan, Sony/ATV Catalogue, said, "I've worked with Jamie from the beginning of his amazing career so I'm more than thrilled that he's returning to his original home. His new album is a masterpiece full of brand-new songs that sound like standards."Cullum broke into the mainstream with his album Twentysomething in 2003, which earned him international success and made him the fastest-selling British jazz artist in history. It also earned Cullum his first Grammy nomination for Best Jazz Vocal Album. Since then, Jamie has earned continued success with various albums including Catching Tales, The Pursuit, Interlude, Momentum, and his 2019 album Taller.Cullum has received numerous top awards and nominations throughout his music career, including a 2020 Ivor-Novello award for "Age of Anxiety," which won Best Song Musically and Lyrically, two BRIT awards for Best Male Artist and Best Live Act, a Grammy award, and several Grammy nominations. Cullum has also received a Golden Globe nomination for Best Original Song for "Gran Torino," which was a collaboration between him and Clint Eastwood.SOURCE Sony/ATV Related Links sonyatv.com
Answer: | Sony/ATV Signs Jamie Cullum to Worldwide Deal | NEW YORK, Jan. 13, 2021 /PRNewswire/ -- Today, Sony/ATV Music Publishing UK announced it has signed award-winning singer, songwriter, jazz musician, and radio broadcaster Jamie Cullum to a global publishing agreement.Jamie Cullum is one of the UK's top jazz artists/songwriters, known for crafting hit songs across genres and collaborating with prominent talent including Paul McCartney, Pharrell, Kendrick Lamar, Lang Lang, and Clint Eastwood. Jamie's signing is an exciting return to the company after signing his first-ever publishing deal with EMI eighteen years ago. Photo credit: Edward Cooke Recently, Cullum released a brand-new album, The Pianoman at Christmas, which was recorded at London's famous Abbey Road studios and features ten original songs played by 57 of Britain's best musicians. Jamie said, "I'm so proud to have signed with Sony/ATV and to be rejoining a team I first started working with in 2003 at the very beginning of my professional career. Whilst I have had a long and interesting journey as a songwriter, I do feel like I'm entering a new phase in the body of work I'm creating. I know and respect the team at Sony/ATV and I'm excited to explore with them the possibilities of where we can use my songs not only within my own recorded output but also for other artists and in film, theatre, computer games and beyond."Sony/ATV UK President, Co-Managing Director David Ventura and Co-Managing Director Tim Major said, "Jamie is a class act in every way as a songwriter, a musician, a voice and as a person. We're absolutely thrilled that he has chosen to work with us on this exciting next phase of his career."Fran Malyan, Sony/ATV Catalogue, said, "I've worked with Jamie from the beginning of his amazing career so I'm more than thrilled that he's returning to his original home. His new album is a masterpiece full of brand-new songs that sound like standards."Cullum broke into the mainstream with his album Twentysomething in 2003, which earned him international success and made him the fastest-selling British jazz artist in history. It also earned Cullum his first Grammy nomination for Best Jazz Vocal Album. Since then, Jamie has earned continued success with various albums including Catching Tales, The Pursuit, Interlude, Momentum, and his 2019 album Taller.Cullum has received numerous top awards and nominations throughout his music career, including a 2020 Ivor-Novello award for "Age of Anxiety," which won Best Song Musically and Lyrically, two BRIT awards for Best Male Artist and Best Live Act, a Grammy award, and several Grammy nominations. Cullum has also received a Golden Globe nomination for Best Original Song for "Gran Torino," which was a collaboration between him and Clint Eastwood.SOURCE Sony/ATV Related Links sonyatv.com |
edtsum591 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: BOSTON, May 18, 2020 /PRNewswire/ -- ETHIC, a Wealth Bank, with headquarters at 125 High Street, announces the appointment of Matt Morse, CFA, as Chief Investment Officer of ETHIC Wealth Advisors, LLC, a Registered Investment Advisor and Subsidiary of ETHIC, a Wealth Bank. Matt is responsible for leading the overall investment process which includes overseeing the global multi-asset platform and managing the firm's proprietary equity and ESG strategies. Matt Morse, Chief Investment Officer at ETHIC Wealth Advisors, LLC A native Bostonian, Matt is a seasoned investor with twenty years of portfolio management experience working with private clients as well as endowments and foundations. Matt came to ETHIC from the wealth management division of Eaton Vance, where he was the Chief Investment Officer. His investment strategies, and a track record that spans several market cycles, played an integral role in significantly growing the firm's assets. Matt began his investment career at Capital Group, parent company to American Funds, where he developed his long-term investment philosophy. "Matt is the perfect fit for the team that we are building at ETHIC. He cares deeply about delivering exceptional investment results, and he is dedicated to building client relationships that endure," said Marc A. White, Jr., President and CEO of ETHIC, a Wealth Bank. White added, "The present investment climate dictates the need for the seasoned and steady leadership style that Matt exemplifies. Matt has weathered volatile market cycles in the past and has the confidence and foresight to navigate the present circumstances and, through his disciplined approach, make strategic investment decisions to achieve long-term financial goals." "ETHIC Wealth Advisors, LLC is in a unique position of strength to launch a Registered Investment Advisor (RIA) due to the caliber of people and institutional knowledge within the firm," said Morse. "We have been pleased with our early traction despite the challenging environment as our differentiated platform and approach to investment management have been resonating with clients." In addition to overseeing ETHIC's investment platform, Matt prioritizes working directly with clients to customize investment solutions to meet their unique needs. As a member of ETHIC's senior management team, Matt dedicates considerable energy to strategy and business development."My passion for investing is continually reinforced by the dynamic nature ofmarkets, which provides endless opportunities to learn and grow as an investor," added Morse. "Equally enjoyable is working with an energetic and collaborative team that is committed to our client-first ethos and involvement in the community. Marrying deep personal relationships with innovative technology, ETHIC strives to deliver an exceptional investment offering that aligns with our clients' values and goals."Matt, a charted financial analyst, received his BS in Accounting from the University of Southern California, completed the Uniform Certified Public Accounting exam, and is a member of the CFA Institute and CFA Society of Boston. Matt resides in Boston with his wife, a physician, and their son.Please read Matt's recently published ETHIC Wealth Advisors, LLC, Quarterly Review & Outlook 2020 Q1. About ETHICFounded in 2019, ETHIC, a Wealth Bank, provides one comprehensive platform of integrated banking and wealth management services, tailored solutions, transactional ease, and exceptional client service for the high-net-worth. Launched in 2020, ETHIC Wealth Advisors, LLC, is a Registered Investment Advisor and Subsidiary of ETHIC, a Wealth Bank. ETHIC was developed to meet the banking and wealth management needs of every generation and support clients in living a life in which their values are prioritized, their personal and professional endeavors are achieved, and goals are realized. ETHIC is committed to shifting the lens on wealth, adhering to a style of client service that prioritizes people before financials. ETHIC's headquarters are in Boston, MA. Please visit www.ethicwealthbank.com.Media Contact: Kelley Doyle, [emailprotected], 617-438-1237SOURCE ETHIC, a Wealth Bank Related Links http://www.ethicwealthbank.com
Answer: | ETHIC, a Wealth Bank, Hires Chief Investment Officer, Matt Morse, CFA | BOSTON, May 18, 2020 /PRNewswire/ -- ETHIC, a Wealth Bank, with headquarters at 125 High Street, announces the appointment of Matt Morse, CFA, as Chief Investment Officer of ETHIC Wealth Advisors, LLC, a Registered Investment Advisor and Subsidiary of ETHIC, a Wealth Bank. Matt is responsible for leading the overall investment process which includes overseeing the global multi-asset platform and managing the firm's proprietary equity and ESG strategies. Matt Morse, Chief Investment Officer at ETHIC Wealth Advisors, LLC A native Bostonian, Matt is a seasoned investor with twenty years of portfolio management experience working with private clients as well as endowments and foundations. Matt came to ETHIC from the wealth management division of Eaton Vance, where he was the Chief Investment Officer. His investment strategies, and a track record that spans several market cycles, played an integral role in significantly growing the firm's assets. Matt began his investment career at Capital Group, parent company to American Funds, where he developed his long-term investment philosophy. "Matt is the perfect fit for the team that we are building at ETHIC. He cares deeply about delivering exceptional investment results, and he is dedicated to building client relationships that endure," said Marc A. White, Jr., President and CEO of ETHIC, a Wealth Bank. White added, "The present investment climate dictates the need for the seasoned and steady leadership style that Matt exemplifies. Matt has weathered volatile market cycles in the past and has the confidence and foresight to navigate the present circumstances and, through his disciplined approach, make strategic investment decisions to achieve long-term financial goals." "ETHIC Wealth Advisors, LLC is in a unique position of strength to launch a Registered Investment Advisor (RIA) due to the caliber of people and institutional knowledge within the firm," said Morse. "We have been pleased with our early traction despite the challenging environment as our differentiated platform and approach to investment management have been resonating with clients." In addition to overseeing ETHIC's investment platform, Matt prioritizes working directly with clients to customize investment solutions to meet their unique needs. As a member of ETHIC's senior management team, Matt dedicates considerable energy to strategy and business development."My passion for investing is continually reinforced by the dynamic nature ofmarkets, which provides endless opportunities to learn and grow as an investor," added Morse. "Equally enjoyable is working with an energetic and collaborative team that is committed to our client-first ethos and involvement in the community. Marrying deep personal relationships with innovative technology, ETHIC strives to deliver an exceptional investment offering that aligns with our clients' values and goals."Matt, a charted financial analyst, received his BS in Accounting from the University of Southern California, completed the Uniform Certified Public Accounting exam, and is a member of the CFA Institute and CFA Society of Boston. Matt resides in Boston with his wife, a physician, and their son.Please read Matt's recently published ETHIC Wealth Advisors, LLC, Quarterly Review & Outlook 2020 Q1. About ETHICFounded in 2019, ETHIC, a Wealth Bank, provides one comprehensive platform of integrated banking and wealth management services, tailored solutions, transactional ease, and exceptional client service for the high-net-worth. Launched in 2020, ETHIC Wealth Advisors, LLC, is a Registered Investment Advisor and Subsidiary of ETHIC, a Wealth Bank. ETHIC was developed to meet the banking and wealth management needs of every generation and support clients in living a life in which their values are prioritized, their personal and professional endeavors are achieved, and goals are realized. ETHIC is committed to shifting the lens on wealth, adhering to a style of client service that prioritizes people before financials. ETHIC's headquarters are in Boston, MA. Please visit www.ethicwealthbank.com.Media Contact: Kelley Doyle, [emailprotected], 617-438-1237SOURCE ETHIC, a Wealth Bank Related Links http://www.ethicwealthbank.com |
edtsum592 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: MENLO PARK, Calif.--(BUSINESS WIRE)--Synthekine Inc., an engineered cytokine therapeutics company, today announced in vivo data presented at the American Society of Hematology Annual Meeting showing STK-009, its orthogonal IL-2 ligand, improved the efficacy and durability of SYNCAR-001, its CD-19 targeted CAR-T cell therapy modified with an orthogonal IL-2 receptor. The data were delivered in a poster presentation by Paul-Joseph Aspuria, Ph.D., of Synthekine. While CAR-T therapies have proven to be very effective in treating hematological malignancies, the lack of sustained activity and CAR-T cell persistence limits their full therapeutic potential in lymphoma, said Martin Oft, M.D., chief development officer at Synthekine. The presented data demonstrate our orthogonal IL-2 system is well positioned to overcome these shortcomings. STK-009 demonstrates the ability to expand CAR-Ts in vivo in pre-clinical models, allowing for a lower starting dose of CARs while achieving deep and durable efficacy with the possibility to re-expand resting CARs long after initial transfer. We look forward to advancing STK-009 and SYNCAR-001 and filing an IND for the program in 2021. In both disseminated and subcutaneous RAJI lymphoma models in mice evaluating the efficacy of STK-009 with SYNCAR-001, STK-009 dosing drove increased levels of circulating SYNCAR-001 cells, resulting in complete responses. STK-009 expanded both CAR-T effector cells and stem cell memory cells, resulting in deep initial responses and long-term immune surveillance. Data on STK-009 from a multiple-ascending dose study in non-human primates were also presented, showing STK-009 was well tolerated, had long exposure, and had no effect on cells expressing only the wild type IL-2 receptor. A copy of the poster is available on Synthekines website. Selectivity of this orthogonal IL-2 ligand is fundamental, as more promiscuous activity on bystander cells could lead to systemic toxicity and limit the therapeutic potential of this combined treatment, said Dr. Aspuria. Based on the data we presented, we are optimistic about the potential for STK-009 and SYNCAR-001 to overcome hurdles faced by CD-19 cell therapy today. About Synthekine Synthekine is an engineered cytokine therapeutics company developing disease-optimized treatments. The company uses immunological insights to guide targeted protein engineering to generate transformative medicines for cancer and autoimmune disorders. Using the principles of cytokine partial agonism and immunological specificity, Synthekine designs differentiated therapeutics to be both safe and efficacious. Its lead programs have shown promising efficacy and tolerability in preclinical studies, and it is developing additional cytokine partial agonists that selectively modulate key pathways of the immune system. For more information, visit www.synthekine.com.
Answer: | Synthekine Presents Data at American Society of Hematology Annual Meeting Showing Orthogonal IL-2 Ligand Drives Deeper and More Durable Response of CD-19 CAR-T STK-009 drives expansion of SYNCAR-001 in-vivo, leading to deeper and more durable responses in pre-clinical models STK-009 demonstrates selectivity in non-human primate safety study | MENLO PARK, Calif.--(BUSINESS WIRE)--Synthekine Inc., an engineered cytokine therapeutics company, today announced in vivo data presented at the American Society of Hematology Annual Meeting showing STK-009, its orthogonal IL-2 ligand, improved the efficacy and durability of SYNCAR-001, its CD-19 targeted CAR-T cell therapy modified with an orthogonal IL-2 receptor. The data were delivered in a poster presentation by Paul-Joseph Aspuria, Ph.D., of Synthekine. While CAR-T therapies have proven to be very effective in treating hematological malignancies, the lack of sustained activity and CAR-T cell persistence limits their full therapeutic potential in lymphoma, said Martin Oft, M.D., chief development officer at Synthekine. The presented data demonstrate our orthogonal IL-2 system is well positioned to overcome these shortcomings. STK-009 demonstrates the ability to expand CAR-Ts in vivo in pre-clinical models, allowing for a lower starting dose of CARs while achieving deep and durable efficacy with the possibility to re-expand resting CARs long after initial transfer. We look forward to advancing STK-009 and SYNCAR-001 and filing an IND for the program in 2021. In both disseminated and subcutaneous RAJI lymphoma models in mice evaluating the efficacy of STK-009 with SYNCAR-001, STK-009 dosing drove increased levels of circulating SYNCAR-001 cells, resulting in complete responses. STK-009 expanded both CAR-T effector cells and stem cell memory cells, resulting in deep initial responses and long-term immune surveillance. Data on STK-009 from a multiple-ascending dose study in non-human primates were also presented, showing STK-009 was well tolerated, had long exposure, and had no effect on cells expressing only the wild type IL-2 receptor. A copy of the poster is available on Synthekines website. Selectivity of this orthogonal IL-2 ligand is fundamental, as more promiscuous activity on bystander cells could lead to systemic toxicity and limit the therapeutic potential of this combined treatment, said Dr. Aspuria. Based on the data we presented, we are optimistic about the potential for STK-009 and SYNCAR-001 to overcome hurdles faced by CD-19 cell therapy today. About Synthekine Synthekine is an engineered cytokine therapeutics company developing disease-optimized treatments. The company uses immunological insights to guide targeted protein engineering to generate transformative medicines for cancer and autoimmune disorders. Using the principles of cytokine partial agonism and immunological specificity, Synthekine designs differentiated therapeutics to be both safe and efficacious. Its lead programs have shown promising efficacy and tolerability in preclinical studies, and it is developing additional cytokine partial agonists that selectively modulate key pathways of the immune system. For more information, visit www.synthekine.com. |
edtsum593 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SAN FRANCISCO--(BUSINESS WIRE)--Splunk Inc. (NASDAQ: SPLK), provider of the Data-to-Everything Platform, today announced the new Splunk Observability Cloud, the only full-stack, analytics-powered and enterprise-grade Observability solution available. For more information on the Splunk Observability Cloud for IT and DevOps teams solutions visit the Splunk website. With the Splunk Observability Cloud, IT and DevOps teams can get all their answers in a unified interface with metrics, traces and logs - all data collected in real-time, without sampling and at any scale. The most comprehensive, easy-to-use, and unified Splunk Observability Cloud is recognized as an industry-leading Observability solution. With the shift to cloud, IT and DevOps teams are now wrestling with more operational complexity that is compounded by too many existing monitoring tools that have blind spots, siloed data and disjointed workflows, said Sendur Sellakumar, Chief Product Officer, Splunk. The Splunk Observability Cloud helps IT and DevOps teams conquer complexity and accelerate cloud transformation for their organizations. With Splunk Observability our mean-time-to-resolution (MTTR) went from 30 minutes to under 5, allowing us to maintain 100% uptime through Black Friday traffic, which was 300% higher than the previous year, said Ben Leong, Director of Online & Ecommerce Operations, Lenovo. Splunk Observability has greatly improved our operational efficiency, team collaboration, and troubleshooting time to ensure that we are always providing the best experiences for Lenovo customers. Splunk Observability Cloud Helps Organizations Accelerate Cloud Transformation The Splunk Observability Cloud brings together the worlds best-in-class solutions for infrastructure monitoring, application performance management, real user monitoring, synthetic monitoring, log investigation and incident response. Splunk Log Observer, Splunk Real User Monitoring (RUM), and the new Splunk Synthetic Monitoring - products that give IT and DevOps teams unmatched, end-to-end visibility, are now generally available. The full Splunk Observability Cloud includes Splunk Infrastructure Monitoring, Splunk APM, Splunk RUM, Splunk Synthetic Monitoring, Splunk Log Observer, and Splunk On-Call. Backed by Splunks industry-leading technology - NoSample full-fidelity data ingestion, real-time streaming analytics and massive scalability, Splunk Observability Cloud delivers unprecedented capabilities for monitoring, troubleshooting and resolution of business-critical incidents. Built for DevOps users and use cases, Splunk Log Observer brings the power of Splunk logging to SREs, DevOps engineers and developers that need a troubleshooting-oriented logging experience. Splunk RUM provides the fastest troubleshooting and most comprehensive view of web browser performance. Together, Splunk APM and Splunk RUM provide the industrys only end-to-end full-fidelity visibility across the entire user transaction. Splunk Synthetic Monitoring is a new solution powered by the technology from the acquisition of Rigor, and is now integrated across most Splunk products. This best-in-class synthetic monitoring solution improves uptime and performance of APIs, service endpoints, business transactions, and user flows. Until now, the tools that IT and DevOps teams rely on to monitor and manage applications and infrastructure have been disconnected, often separated into two or three different platforms, said Spiros Xanthos, VP of Product Management, Observability and IT Operations, Splunk. The Splunk Observability Cloud brings all the needed Observability solutions together in a unified interface designed to help customers gain a comprehensive view across all their data and operate at enterprise scale. The Splunk Observability Cloud is optimized and designed to consume and manage OpenTelemetry data at scale enabling customers to unlock their data through open source standards. Splunk Observability Cloud is OpenTelemetry-native allowing customers to unify data ingestion without vendor lock-in and reduce resource consumption with the lightweight, open-source OpenTelemetry instrumentation. Simplified Pricing Helps Customers Tackle Increased Volumes of Data As data volume and organizational complexities increase, Splunk wants to keep pricing simple and this bundle is designed to do that. With the new Splunk Observability Cloud, Splunk is integrating these capabilities under one clear host-based pricing metric directly tied to the value IT and DevOps teams may gain. In addition to the Splunk Observability Cloud, Splunk has created cloud technology bundles specific to IT and Security teams. For more information on Splunk Observability Cloud, Splunk IT Cloud, Splunk Security Cloud, using entity pricing or Cloud Foundations using workload pricing, visit the Splunk website. About Splunk Inc. Splunk Inc. (NASDAQ: SPLK) turns data into doing with the Data-to-Everything Platform. Splunk technology is designed to investigate, monitor, and analyze and act on data at any scale. Splunk, Splunk>, Data-to-Everything, D2E and Turn Data Into Doing are trademarks and registered trademarks of Splunk Inc. in the United States and other countries. All other brand names, product names, or trademarks belong to their respective owners. 2021 Splunk Inc. All rights reserved.
Answer: | Splunk Launches New Observability Cloud Splunk Observability Cloud Helps Customers Conquer Complexity at Any Scale; Splunks Entire Data-Driven Observability Product Portfolio Now Generally Available | SAN FRANCISCO--(BUSINESS WIRE)--Splunk Inc. (NASDAQ: SPLK), provider of the Data-to-Everything Platform, today announced the new Splunk Observability Cloud, the only full-stack, analytics-powered and enterprise-grade Observability solution available. For more information on the Splunk Observability Cloud for IT and DevOps teams solutions visit the Splunk website. With the Splunk Observability Cloud, IT and DevOps teams can get all their answers in a unified interface with metrics, traces and logs - all data collected in real-time, without sampling and at any scale. The most comprehensive, easy-to-use, and unified Splunk Observability Cloud is recognized as an industry-leading Observability solution. With the shift to cloud, IT and DevOps teams are now wrestling with more operational complexity that is compounded by too many existing monitoring tools that have blind spots, siloed data and disjointed workflows, said Sendur Sellakumar, Chief Product Officer, Splunk. The Splunk Observability Cloud helps IT and DevOps teams conquer complexity and accelerate cloud transformation for their organizations. With Splunk Observability our mean-time-to-resolution (MTTR) went from 30 minutes to under 5, allowing us to maintain 100% uptime through Black Friday traffic, which was 300% higher than the previous year, said Ben Leong, Director of Online & Ecommerce Operations, Lenovo. Splunk Observability has greatly improved our operational efficiency, team collaboration, and troubleshooting time to ensure that we are always providing the best experiences for Lenovo customers. Splunk Observability Cloud Helps Organizations Accelerate Cloud Transformation The Splunk Observability Cloud brings together the worlds best-in-class solutions for infrastructure monitoring, application performance management, real user monitoring, synthetic monitoring, log investigation and incident response. Splunk Log Observer, Splunk Real User Monitoring (RUM), and the new Splunk Synthetic Monitoring - products that give IT and DevOps teams unmatched, end-to-end visibility, are now generally available. The full Splunk Observability Cloud includes Splunk Infrastructure Monitoring, Splunk APM, Splunk RUM, Splunk Synthetic Monitoring, Splunk Log Observer, and Splunk On-Call. Backed by Splunks industry-leading technology - NoSample full-fidelity data ingestion, real-time streaming analytics and massive scalability, Splunk Observability Cloud delivers unprecedented capabilities for monitoring, troubleshooting and resolution of business-critical incidents. Built for DevOps users and use cases, Splunk Log Observer brings the power of Splunk logging to SREs, DevOps engineers and developers that need a troubleshooting-oriented logging experience. Splunk RUM provides the fastest troubleshooting and most comprehensive view of web browser performance. Together, Splunk APM and Splunk RUM provide the industrys only end-to-end full-fidelity visibility across the entire user transaction. Splunk Synthetic Monitoring is a new solution powered by the technology from the acquisition of Rigor, and is now integrated across most Splunk products. This best-in-class synthetic monitoring solution improves uptime and performance of APIs, service endpoints, business transactions, and user flows. Until now, the tools that IT and DevOps teams rely on to monitor and manage applications and infrastructure have been disconnected, often separated into two or three different platforms, said Spiros Xanthos, VP of Product Management, Observability and IT Operations, Splunk. The Splunk Observability Cloud brings all the needed Observability solutions together in a unified interface designed to help customers gain a comprehensive view across all their data and operate at enterprise scale. The Splunk Observability Cloud is optimized and designed to consume and manage OpenTelemetry data at scale enabling customers to unlock their data through open source standards. Splunk Observability Cloud is OpenTelemetry-native allowing customers to unify data ingestion without vendor lock-in and reduce resource consumption with the lightweight, open-source OpenTelemetry instrumentation. Simplified Pricing Helps Customers Tackle Increased Volumes of Data As data volume and organizational complexities increase, Splunk wants to keep pricing simple and this bundle is designed to do that. With the new Splunk Observability Cloud, Splunk is integrating these capabilities under one clear host-based pricing metric directly tied to the value IT and DevOps teams may gain. In addition to the Splunk Observability Cloud, Splunk has created cloud technology bundles specific to IT and Security teams. For more information on Splunk Observability Cloud, Splunk IT Cloud, Splunk Security Cloud, using entity pricing or Cloud Foundations using workload pricing, visit the Splunk website. About Splunk Inc. Splunk Inc. (NASDAQ: SPLK) turns data into doing with the Data-to-Everything Platform. Splunk technology is designed to investigate, monitor, and analyze and act on data at any scale. Splunk, Splunk>, Data-to-Everything, D2E and Turn Data Into Doing are trademarks and registered trademarks of Splunk Inc. in the United States and other countries. All other brand names, product names, or trademarks belong to their respective owners. 2021 Splunk Inc. All rights reserved. |
edtsum594 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: MELBOURNE, Australia, Dec. 2, 2020 /PRNewswire/ --Rhinomed Ltd (OTCQB:RHNMF), based in Australia, focused on Nasal Airway Technology today announcedthat Michael Johnson, CEO will present live at VirtualInvestorConferences.com on December 3rd. DATE: December 3rd, 2020TIME: 12:30 PM ETLINK: https://bit.ly/33ggdsm This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. Learn more about the event atwww.virtualinvestorconferences.com. Recent Company Highlights Rhinomed's new Nasal Swab Successfully registered with the USA FDA Rhinomed's new Nasal Swab successfully registered with the Australian FDA Rhinomed LtdRhinomed is an airway technology company that seeks to radically improve the way you breathe, sleep, maintain your health and take medication. Rhinomed's patented nasal technology leverages the physiology of the nose to optimise our breathing which is essential to restful sleep and to maintaining good health. Rhinomed's vision for the future is to enable medications to be administered through the nose with the aim of improving the efficiency and effectiveness of the therapies, while seeking a reduction in side effects for patients. About Virtual Investor ConferencesVirtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly-traded companies to meet and present directly with investors. A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group's suite of investor relations services specifically designed for more efficient Investor Access. Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network. SOURCE VirtualInvestorConferences.com Related Links https://www.virtualinvestorconferences.com/
Answer: | Rhinomed Ltd to Webcast Live at VirtualInvestorConferences.com December 3rd Rhinomed Ltd invites individual and institutional investors, as well as advisors and analysts, to attend real-time, interactive presentations on VirtualInvestorConferences.com | MELBOURNE, Australia, Dec. 2, 2020 /PRNewswire/ --Rhinomed Ltd (OTCQB:RHNMF), based in Australia, focused on Nasal Airway Technology today announcedthat Michael Johnson, CEO will present live at VirtualInvestorConferences.com on December 3rd. DATE: December 3rd, 2020TIME: 12:30 PM ETLINK: https://bit.ly/33ggdsm This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. Learn more about the event atwww.virtualinvestorconferences.com. Recent Company Highlights Rhinomed's new Nasal Swab Successfully registered with the USA FDA Rhinomed's new Nasal Swab successfully registered with the Australian FDA Rhinomed LtdRhinomed is an airway technology company that seeks to radically improve the way you breathe, sleep, maintain your health and take medication. Rhinomed's patented nasal technology leverages the physiology of the nose to optimise our breathing which is essential to restful sleep and to maintaining good health. Rhinomed's vision for the future is to enable medications to be administered through the nose with the aim of improving the efficiency and effectiveness of the therapies, while seeking a reduction in side effects for patients. About Virtual Investor ConferencesVirtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly-traded companies to meet and present directly with investors. A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group's suite of investor relations services specifically designed for more efficient Investor Access. Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network. SOURCE VirtualInvestorConferences.com Related Links https://www.virtualinvestorconferences.com/ |
edtsum595 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: (All figures referenced in U.S. dollars, except where noted) Binding letter of intent subject to negotiation of certain commercial and financial terms; anticipated to close in 60 days Proposed amendments to commercial and shareholders agreements ensure strong alignment of interest between the joint venture partners Proposed 20-year extension of current CPSA term Proposed financial support for Aeromexico by PLM of US$100 million using intercompany loans and pre-purchases of award tickets, funded by PLM's cash on hand Agreement in principle to grant Aeromexico a 7-year option to purchase Aimia's stake in PLM at a 7.5x Adjusted EBITDA multiple, with minimum price of US$400 million for Aimia's stake, subject to final agreement on certain terms and conditions Parties agree to pursue initiatives to increase distributions to shareholders PLM approves a US$10 million distribution to shareholders in Q2 2020 TORONTO, May 12, 2020 /PRNewswire/ -Aimia Inc. (TSX: AIM) today announced it has signed a binding Letter of Intent with Grupo Aeromexico S.A.B. de C.V. ("Aeromexico") (BMV: AEROMEX) reflecting the parties' agreement in principle to negotiate certain changes to the Shareholders Agreement between them and the commercial agreement (CPSA) between Aeromexico and PLM Premier, S.A.P.I. (PLM), the operator of the Club Premier loyalty program. These changes, which would include a 20-year extension to the CPSA and result in a termination date for the contract of September 13, 2050, are intended to strengthen the relationship between Aeromexico and PLM, to grow and improve the program, and align PLM shareholder interests regarding PLM profitability and value. As part of the proposed transactions, PLM will, from cash on its balance sheet, provide financial support to Aeromexico of US$100 million in the form of a US$50 million loan under the existing intercompany loan facility and through pre-purchases of award tickets of US$50 million. Subject to market conditions, Aimia and Aeromexico will explore alternatives to strengthen PLM's balance sheet and enhance distributions to shareholders. Aimia and Aeromexico have also agreed in principle regarding modifying the Shareholders Agreement to grant Aeromexico a 7 year option to purchase Aimia's 48.9% equity interest in PLM at an Adjusted EBITDA multiple of 7.5x, with a minimum floor of US$400 million for Aimia's stake, subject to final agreement on certain terms and conditions. Aimia Inc. Interim CEO Phil Mittleman, commented: "Today's exciting announcement represents our commitment at Aimia to create stakeholder value and maximize the value of our existing holdings. As a result of Aimia's refreshed and strong working relationship with Aeromexico, we look forward to improving the CPSA between Aeromexico and PLM, as well as a long-term extension of the new agreement. We also are pleased to support PLM providing additional liquidity for our airline partner during a difficult time, thereby providing continuity and stability for Club Premier members and participants, and enhanced value for all stakeholders. Providing Aeromexico an option to purchase our 48.9% stake in PLM allows us to fully align our interests going forward. We expect the renewed relationship with Aeromexico will enhance the value of PLM for all stakeholders in the years to come". Aeromexico's CEO, Andres Conesa, concurred by noting "Aeromexico is also committed to these transactions that reset the relationship between PLM shareholders and to taking strides on many fronts to strengthen the relationship between Aeromexico and PLM/Club Premier. We believe that, working together with our joint venture partner Aimia and the commercial teams at Aeromexico and PLM, we can ensure a bright future for Club Premier and its members and participants. We also appreciate the financial support offered by our partners as we implement our strategy to emerge from the challenging situation currently faced by the global airline industry". About Aimia Aimia Inc. (TSX: AIM) is an investment holding company with a focus on long-term investments in public and private companies, on a global basis, through controlling or minority stakes. The company operates a loyalty solutions business, which is a well-recognized, global full-service provider of next-generation loyalty solutions for many of the world's leading brands in the retail, CPG, travel & hospitality, financial services and entertainment verticals. Aimia owns a 48.9% equity stake in PLM Premier, S.A.P.I. de C.V (PLM), owner and operator of Club Premier, the leading coalition program in Mexico, which it jointly controls with Aeromexico through its investment in PLM, and an investment alongside Air Asia in travel technology company BIGLIFE, the operator of BIG Loyalty. For more information about Aimia, visitwww.corp.aimia.com. Forward-Looking Statements This press release contains statements that constitute "forward-looking information" within the meaning of Canadian securities laws ("forward-looking statements"), which are based upon our current expectations, estimated, projections, assumptions and beliefs. All information that is not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements are typically identified by the use of terms such as "outlook", "guidance", "target", "forecast", "assumption" and other similar expressions or future or conditional terms such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "predict", "project", "will", "would", and "should". Forward-looking statements in this press release include, but are not limited to, statements with respect to our current and future plans, expectations and intentions, including with respect to the negotiation of the proposed amendments of the Shareholders Agreement and the CPSA. Forward-looking statements, by their nature, are based on assumptions and are subject to known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the forward-looking statement will not occur. The forward-looking statements in this press release speak only as of the date hereof and reflect several material factors, expectations and assumptions. Undue reliance should not be placed on any predictions or forward-looking statements as these may be affected by, among other things, changing external events and general uncertainties of the business. A discussion of the material risks applicable to us can be found in our current Management and Discussion and Analysis and Annual Information Form, each of which have been or will be filed on SEDAR and can be accessed at www.sedar.com. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and we disclaim any intention and assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. SOURCE Aimia Inc. Related Links https://corp.aimia.com/
Answer: | Aimia Expands Relationship with Aeromexico | (All figures referenced in U.S. dollars, except where noted) Binding letter of intent subject to negotiation of certain commercial and financial terms; anticipated to close in 60 days Proposed amendments to commercial and shareholders agreements ensure strong alignment of interest between the joint venture partners Proposed 20-year extension of current CPSA term Proposed financial support for Aeromexico by PLM of US$100 million using intercompany loans and pre-purchases of award tickets, funded by PLM's cash on hand Agreement in principle to grant Aeromexico a 7-year option to purchase Aimia's stake in PLM at a 7.5x Adjusted EBITDA multiple, with minimum price of US$400 million for Aimia's stake, subject to final agreement on certain terms and conditions Parties agree to pursue initiatives to increase distributions to shareholders PLM approves a US$10 million distribution to shareholders in Q2 2020 TORONTO, May 12, 2020 /PRNewswire/ -Aimia Inc. (TSX: AIM) today announced it has signed a binding Letter of Intent with Grupo Aeromexico S.A.B. de C.V. ("Aeromexico") (BMV: AEROMEX) reflecting the parties' agreement in principle to negotiate certain changes to the Shareholders Agreement between them and the commercial agreement (CPSA) between Aeromexico and PLM Premier, S.A.P.I. (PLM), the operator of the Club Premier loyalty program. These changes, which would include a 20-year extension to the CPSA and result in a termination date for the contract of September 13, 2050, are intended to strengthen the relationship between Aeromexico and PLM, to grow and improve the program, and align PLM shareholder interests regarding PLM profitability and value. As part of the proposed transactions, PLM will, from cash on its balance sheet, provide financial support to Aeromexico of US$100 million in the form of a US$50 million loan under the existing intercompany loan facility and through pre-purchases of award tickets of US$50 million. Subject to market conditions, Aimia and Aeromexico will explore alternatives to strengthen PLM's balance sheet and enhance distributions to shareholders. Aimia and Aeromexico have also agreed in principle regarding modifying the Shareholders Agreement to grant Aeromexico a 7 year option to purchase Aimia's 48.9% equity interest in PLM at an Adjusted EBITDA multiple of 7.5x, with a minimum floor of US$400 million for Aimia's stake, subject to final agreement on certain terms and conditions. Aimia Inc. Interim CEO Phil Mittleman, commented: "Today's exciting announcement represents our commitment at Aimia to create stakeholder value and maximize the value of our existing holdings. As a result of Aimia's refreshed and strong working relationship with Aeromexico, we look forward to improving the CPSA between Aeromexico and PLM, as well as a long-term extension of the new agreement. We also are pleased to support PLM providing additional liquidity for our airline partner during a difficult time, thereby providing continuity and stability for Club Premier members and participants, and enhanced value for all stakeholders. Providing Aeromexico an option to purchase our 48.9% stake in PLM allows us to fully align our interests going forward. We expect the renewed relationship with Aeromexico will enhance the value of PLM for all stakeholders in the years to come". Aeromexico's CEO, Andres Conesa, concurred by noting "Aeromexico is also committed to these transactions that reset the relationship between PLM shareholders and to taking strides on many fronts to strengthen the relationship between Aeromexico and PLM/Club Premier. We believe that, working together with our joint venture partner Aimia and the commercial teams at Aeromexico and PLM, we can ensure a bright future for Club Premier and its members and participants. We also appreciate the financial support offered by our partners as we implement our strategy to emerge from the challenging situation currently faced by the global airline industry". About Aimia Aimia Inc. (TSX: AIM) is an investment holding company with a focus on long-term investments in public and private companies, on a global basis, through controlling or minority stakes. The company operates a loyalty solutions business, which is a well-recognized, global full-service provider of next-generation loyalty solutions for many of the world's leading brands in the retail, CPG, travel & hospitality, financial services and entertainment verticals. Aimia owns a 48.9% equity stake in PLM Premier, S.A.P.I. de C.V (PLM), owner and operator of Club Premier, the leading coalition program in Mexico, which it jointly controls with Aeromexico through its investment in PLM, and an investment alongside Air Asia in travel technology company BIGLIFE, the operator of BIG Loyalty. For more information about Aimia, visitwww.corp.aimia.com. Forward-Looking Statements This press release contains statements that constitute "forward-looking information" within the meaning of Canadian securities laws ("forward-looking statements"), which are based upon our current expectations, estimated, projections, assumptions and beliefs. All information that is not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements are typically identified by the use of terms such as "outlook", "guidance", "target", "forecast", "assumption" and other similar expressions or future or conditional terms such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "predict", "project", "will", "would", and "should". Forward-looking statements in this press release include, but are not limited to, statements with respect to our current and future plans, expectations and intentions, including with respect to the negotiation of the proposed amendments of the Shareholders Agreement and the CPSA. Forward-looking statements, by their nature, are based on assumptions and are subject to known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the forward-looking statement will not occur. The forward-looking statements in this press release speak only as of the date hereof and reflect several material factors, expectations and assumptions. Undue reliance should not be placed on any predictions or forward-looking statements as these may be affected by, among other things, changing external events and general uncertainties of the business. A discussion of the material risks applicable to us can be found in our current Management and Discussion and Analysis and Annual Information Form, each of which have been or will be filed on SEDAR and can be accessed at www.sedar.com. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and we disclaim any intention and assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. SOURCE Aimia Inc. Related Links https://corp.aimia.com/ |
edtsum596 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, March 29, 2021 /PRNewswire/ --The global ENT disorder treatment market to grow by USD 9.09 billion during 2021-2025, as per Technavio. This marks a significant market slow down compared to the 2020 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period. For the Right Perspective & Competitive Insights.Make confident decisions using our benchmarks and analysis. Download Free Sample Report in MinutesRead the 120-page report with TOC on "ENT Disorder Treatment Market Analysis Report byGeography (North America, Europe, Asia, and ROW) and Type (Rhinitis, Sinusitis, Otitis media, and Tonsillitis), and the Segment Forecasts,2021-2025".Gain competitive intelligence about market leaders. Track key industry opportunities, trends and threats. Information on marketing, brand, strategy and market development, sales and supply functions.https://www.technavio.com/talk-to-us?report=IRTNTR44515The market is driven by rapid environmental deterioration resulting in several allergic conditions. In addition, advances in research on allergic disorders are anticipated to boost the growth of the ENT disorder treatment market.The increasing use of chemical substances and the rising use of fossil fuels in various industries has increased the presence of harmful gases such as nitric oxide, carbon monoxide, and sulfur dioxide in the air. This has led to a significant reduction in the quality of air, which has exposed a majority of the population to poor air conditions. This is increasing the prevalence of various allergic conditions, including ENT disorders, which is driving the growth of the global ENT disorder treatment market.Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.View market snapshot before purchasingMajor Five ENT Disorder Treatment Companies:AbbVie Inc.AbbVie Inc. operates its business through the Unified segment. The company offers Acarizax which is an allergy immunotherapy tablet used for the treatment of rhinitis caused due to the signs and symptoms of house dust mite.ALK-Abello ASALK-Abello AS operates its business through the Unified segment. The company offers Grazax and ACARIZAX for the treatment of ENT disorders.Bayer AGBayer AG offers Claritin. It is an allergy immunotherapy that offers allergy relief and relieves sinus pressure for kids and adults.Covis Pharma BVCovis Pharma BV operates its business through segments such as Repiratory and Allergy, Cardiovascular, Gastroenterology and CNS, and Authorized Generics. The company offers ALVESCO, OMNARIS, and OMNARIS for the treatment of ENT disorders.F. Hoffmann-La Roche Ltd.F. Hoffmann-La Roche Ltd. operates its business through segments such as Pharmaceuticals and Diagnostics. The company offers Bactrim (sulfamethoxazole and trimethoprim). It is a synthetic antibacterial combination product used to treat sinusitis caused due of bacterial infections.ENT Disorder Treatment Market Geography Outlook (Revenue, USD bn, 2020-2025) North America - size and forecast 2020-2025 Europe - size and forecast 2020-2025 Asia - size and forecast 2020-2025 ROW - size and forecast 2020-2025 ENT Disorder Treatment Market Indication Outlook (Revenue, USD bn, 2020-2025) Rhinitis - size and forecast 2020-2025 Sinusitis - size and forecast 2020-2025 Otitis media - size and forecast 2020-2025 Tonsillitis - size and forecast 2020-2025 Are you a start-up willing to make it big in the business? Grab an exclusive ReportRelated Reports onHealthcareInclude:Global ENT Laser Devices Market Global ENT laser devices market is segmented by product (gas lasers and solid and semiconductor-based lasers) and geography (North America, Europe, Asia, and ROW). Get an Exclusive Free Sample ReportGlobal ENT Devices Market Global ENT devices market is segmented by product (diagnostic ent devices, surgical ent devices, hearing implants, voice prosthetics, and nasal splints) and geography (APAC, Europe, MEA, North America, and South America). Get an Exclusive Free Sample ReportAbout TechnavioTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.ContactsTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email:[emailprotected]Website:www.technavio.com/Report: www.technavio.com/report/ent-disorder-treatment-market-size-industry-analysisSOURCE Technavio Related Links http://www.technavio.com
Answer: | Global ENT Disorder Treatment Market to Grow Over $ 9 Billion During 2021-2025 | Evolving Opportunities with Bayer AG and Covis Pharma BV | Technavio | NEW YORK, March 29, 2021 /PRNewswire/ --The global ENT disorder treatment market to grow by USD 9.09 billion during 2021-2025, as per Technavio. This marks a significant market slow down compared to the 2020 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period. For the Right Perspective & Competitive Insights.Make confident decisions using our benchmarks and analysis. Download Free Sample Report in MinutesRead the 120-page report with TOC on "ENT Disorder Treatment Market Analysis Report byGeography (North America, Europe, Asia, and ROW) and Type (Rhinitis, Sinusitis, Otitis media, and Tonsillitis), and the Segment Forecasts,2021-2025".Gain competitive intelligence about market leaders. Track key industry opportunities, trends and threats. Information on marketing, brand, strategy and market development, sales and supply functions.https://www.technavio.com/talk-to-us?report=IRTNTR44515The market is driven by rapid environmental deterioration resulting in several allergic conditions. In addition, advances in research on allergic disorders are anticipated to boost the growth of the ENT disorder treatment market.The increasing use of chemical substances and the rising use of fossil fuels in various industries has increased the presence of harmful gases such as nitric oxide, carbon monoxide, and sulfur dioxide in the air. This has led to a significant reduction in the quality of air, which has exposed a majority of the population to poor air conditions. This is increasing the prevalence of various allergic conditions, including ENT disorders, which is driving the growth of the global ENT disorder treatment market.Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.View market snapshot before purchasingMajor Five ENT Disorder Treatment Companies:AbbVie Inc.AbbVie Inc. operates its business through the Unified segment. The company offers Acarizax which is an allergy immunotherapy tablet used for the treatment of rhinitis caused due to the signs and symptoms of house dust mite.ALK-Abello ASALK-Abello AS operates its business through the Unified segment. The company offers Grazax and ACARIZAX for the treatment of ENT disorders.Bayer AGBayer AG offers Claritin. It is an allergy immunotherapy that offers allergy relief and relieves sinus pressure for kids and adults.Covis Pharma BVCovis Pharma BV operates its business through segments such as Repiratory and Allergy, Cardiovascular, Gastroenterology and CNS, and Authorized Generics. The company offers ALVESCO, OMNARIS, and OMNARIS for the treatment of ENT disorders.F. Hoffmann-La Roche Ltd.F. Hoffmann-La Roche Ltd. operates its business through segments such as Pharmaceuticals and Diagnostics. The company offers Bactrim (sulfamethoxazole and trimethoprim). It is a synthetic antibacterial combination product used to treat sinusitis caused due of bacterial infections.ENT Disorder Treatment Market Geography Outlook (Revenue, USD bn, 2020-2025) North America - size and forecast 2020-2025 Europe - size and forecast 2020-2025 Asia - size and forecast 2020-2025 ROW - size and forecast 2020-2025 ENT Disorder Treatment Market Indication Outlook (Revenue, USD bn, 2020-2025) Rhinitis - size and forecast 2020-2025 Sinusitis - size and forecast 2020-2025 Otitis media - size and forecast 2020-2025 Tonsillitis - size and forecast 2020-2025 Are you a start-up willing to make it big in the business? Grab an exclusive ReportRelated Reports onHealthcareInclude:Global ENT Laser Devices Market Global ENT laser devices market is segmented by product (gas lasers and solid and semiconductor-based lasers) and geography (North America, Europe, Asia, and ROW). Get an Exclusive Free Sample ReportGlobal ENT Devices Market Global ENT devices market is segmented by product (diagnostic ent devices, surgical ent devices, hearing implants, voice prosthetics, and nasal splints) and geography (APAC, Europe, MEA, North America, and South America). Get an Exclusive Free Sample ReportAbout TechnavioTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.ContactsTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email:[emailprotected]Website:www.technavio.com/Report: www.technavio.com/report/ent-disorder-treatment-market-size-industry-analysisSOURCE Technavio Related Links http://www.technavio.com |
edtsum597 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: PARIS--(BUSINESS WIRE)--Regulatory News: In accordance with Article 5 of EU Regulation n 596/2014 (Market Abuse Regulation), detailed information is available on the website of Tikehau Capital (Paris:TKO): https://www.tikehaucapital.com/fr/shareholders/regulatory-information Disclosure of shares repurchases from 25 December to 31 December 2020 Name of the issuer Issuer Identity Code (LEI) Trading Day ISIN Aggregated volume per day (number of shares) Weighted average price per day Market (MIC Code) TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 25/12/2020 FR0013230612 - - XPAR TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 25/12/2020 FR0013230612 - - CHIX TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 25/12/2020 FR0013230612 - - TRQX TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 25/12/2020 FR0013230612 - - BATE TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 28/12/2020 FR0013230612 66 25.7000 XPAR TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 28/12/2020 FR0013230612 451 25.8000 CHIX TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 28/12/2020 FR0013230612 258 25.7771 TRQX TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 28/12/2020 FR0013230612 975 25.7000 BATE TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 29/12/2020 FR0013230612 4,651 25.7682 XPAR TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 29/12/2020 FR0013230612 382 25.7526 CHIX TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 29/12/2020 FR0013230612 120 25.7000 TRQX TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 29/12/2020 FR0013230612 1,534 25.7525 BATE TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 30/12/2020 FR0013230612 4,675 25.7795 XPAR TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 30/12/2020 FR0013230612 234 25.6598 CHIX TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 30/12/2020 FR0013230612 180 25.7000 TRQX TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 30/12/2020 FR0013230612 1,270 25.7003 BATE TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 31/12/2020 FR0013230612 879 25.7858 XPAR TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 31/12/2020 FR0013230612 30 25.7000 TRQX TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 31/12/2020 FR0013230612 234 25.7000 BATE TOTAL 15,939 25.7578
Answer: | Tikehau Capital: Disclosure of Shares Repurchases From 25 December to 31 December 2020 | PARIS--(BUSINESS WIRE)--Regulatory News: In accordance with Article 5 of EU Regulation n 596/2014 (Market Abuse Regulation), detailed information is available on the website of Tikehau Capital (Paris:TKO): https://www.tikehaucapital.com/fr/shareholders/regulatory-information Disclosure of shares repurchases from 25 December to 31 December 2020 Name of the issuer Issuer Identity Code (LEI) Trading Day ISIN Aggregated volume per day (number of shares) Weighted average price per day Market (MIC Code) TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 25/12/2020 FR0013230612 - - XPAR TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 25/12/2020 FR0013230612 - - CHIX TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 25/12/2020 FR0013230612 - - TRQX TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 25/12/2020 FR0013230612 - - BATE TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 28/12/2020 FR0013230612 66 25.7000 XPAR TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 28/12/2020 FR0013230612 451 25.8000 CHIX TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 28/12/2020 FR0013230612 258 25.7771 TRQX TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 28/12/2020 FR0013230612 975 25.7000 BATE TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 29/12/2020 FR0013230612 4,651 25.7682 XPAR TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 29/12/2020 FR0013230612 382 25.7526 CHIX TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 29/12/2020 FR0013230612 120 25.7000 TRQX TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 29/12/2020 FR0013230612 1,534 25.7525 BATE TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 30/12/2020 FR0013230612 4,675 25.7795 XPAR TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 30/12/2020 FR0013230612 234 25.6598 CHIX TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 30/12/2020 FR0013230612 180 25.7000 TRQX TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 30/12/2020 FR0013230612 1,270 25.7003 BATE TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 31/12/2020 FR0013230612 879 25.7858 XPAR TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 31/12/2020 FR0013230612 30 25.7000 TRQX TIKEHAU CAPITAL 969500BY8TEU16U3SJ94 31/12/2020 FR0013230612 234 25.7000 BATE TOTAL 15,939 25.7578 |
edtsum598 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: YOKNEAM, Israel, Nov. 2, 2020 /PRNewswire/ --On Track Innovations Ltd. (OTI) (OTCQX: OTIVF), a global provider of near field communication (NFC) and cashless payment solutions,today announced that due to, among other reasons, the COVID-19 pandemic and the quarantining of some of OTI's finance team, the release of the third quarter 2020 financial will be delayed, and rescheduled to later in November. OTI expects to provide the updated results release date once available. About On Track Innovations Ltd On Track Innovations (OTI) is a global leader in the design, manufacture, and sale of secure cashless payment solutions using contactless NFC technology. OTI's field-proven innovations have been deployed around the world to address cashless payment, automated retail and petroleum markets. OTI distributes and supports its solutions through a global network of regional offices and alliances. For more information, visit www.otiglobal.com. OTI Investor Relations Contact: Ehud Helft GK Investor and Public Relations1 646 688 3559[emailprotected] SOURCE On Track Innovations Ltd. (OTI)
Answer: | On Track Innovations Ltd. to Reschedule Third Quarter 2020 Financial Results Date USA - English USA - English | YOKNEAM, Israel, Nov. 2, 2020 /PRNewswire/ --On Track Innovations Ltd. (OTI) (OTCQX: OTIVF), a global provider of near field communication (NFC) and cashless payment solutions,today announced that due to, among other reasons, the COVID-19 pandemic and the quarantining of some of OTI's finance team, the release of the third quarter 2020 financial will be delayed, and rescheduled to later in November. OTI expects to provide the updated results release date once available. About On Track Innovations Ltd On Track Innovations (OTI) is a global leader in the design, manufacture, and sale of secure cashless payment solutions using contactless NFC technology. OTI's field-proven innovations have been deployed around the world to address cashless payment, automated retail and petroleum markets. OTI distributes and supports its solutions through a global network of regional offices and alliances. For more information, visit www.otiglobal.com. OTI Investor Relations Contact: Ehud Helft GK Investor and Public Relations1 646 688 3559[emailprotected] SOURCE On Track Innovations Ltd. (OTI) |
edtsum599 | You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SANTA MONICA, Calif., July 8, 2020 /PRNewswire/ -- "It can be an isolating experience. It can also feel like you're included as a means for a company to feel like they are meeting a quota and give off the appearance they are inclusive," says Salina Duggan, a Black fitness coach and entrepreneur. Salina is just one of the wellness leaders Yoga Pose consulted with during the Black Lives Matter movement. "Yoga, for example, is primarily in white neighborhoods, not in lower income areas. The interest is there, but the availability may not be," added Tawn Williams, founder of Bloom Healing Arts Academy, and also a Black entrepreneur. As a new company, YogaPose.com addressed racism in the health and wellness industry head on, tackling difficult conversations regarding race and the lack of Black representation. "Communities, platforms, organizations can do their part by hiring Black and brown people, and making them part of leadership and the decision-making process," advised Duggan. YogaPose.com listened. Throughout the month of June, the one-month-old company partnered with the yoga school My Vinyasa Practice to offer Yoga Teacher Training scholarships to more than 7,000 Black aspiring yoga instructors. "The influx of support and participation was well above my wildest dreams, but it shows there is a clear under representation of our Black community in the health and wellness industry," says Cobb Rogers, co-founder of Yoga Pose. "I look at big names in the athleisure clothing industry and fitness platforms, and see a clear divide or lack of Black representation. That is a problem that I cannot fix on my own, but I can use Yoga Pose to make a difference as much as possible." The yoga teacher training scholarship, which ran throughout the month of June 2020, aimed to give the Black community more representation and future employment opportunities in the wellness industry. "I plan to use my training to give back to my community whether it is through my job as a special education teacher, or just as a Black mom raising a little Black boy," says Kelleigh Britton, a participant in the Yoga Pose scholarship. When asked how they intend to use their certification, many participants plan to specialize in yoga for trauma and mental health in the Black community. Media Contact: Cobb Rogers [emailprotected] SOURCE Yoga Pose Related Links https://yogapose.com
Answer: | Scholarship Program to Diversify the Yoga Industry by Certifying More Than 7,000 New Black Yoga Teachers | SANTA MONICA, Calif., July 8, 2020 /PRNewswire/ -- "It can be an isolating experience. It can also feel like you're included as a means for a company to feel like they are meeting a quota and give off the appearance they are inclusive," says Salina Duggan, a Black fitness coach and entrepreneur. Salina is just one of the wellness leaders Yoga Pose consulted with during the Black Lives Matter movement. "Yoga, for example, is primarily in white neighborhoods, not in lower income areas. The interest is there, but the availability may not be," added Tawn Williams, founder of Bloom Healing Arts Academy, and also a Black entrepreneur. As a new company, YogaPose.com addressed racism in the health and wellness industry head on, tackling difficult conversations regarding race and the lack of Black representation. "Communities, platforms, organizations can do their part by hiring Black and brown people, and making them part of leadership and the decision-making process," advised Duggan. YogaPose.com listened. Throughout the month of June, the one-month-old company partnered with the yoga school My Vinyasa Practice to offer Yoga Teacher Training scholarships to more than 7,000 Black aspiring yoga instructors. "The influx of support and participation was well above my wildest dreams, but it shows there is a clear under representation of our Black community in the health and wellness industry," says Cobb Rogers, co-founder of Yoga Pose. "I look at big names in the athleisure clothing industry and fitness platforms, and see a clear divide or lack of Black representation. That is a problem that I cannot fix on my own, but I can use Yoga Pose to make a difference as much as possible." The yoga teacher training scholarship, which ran throughout the month of June 2020, aimed to give the Black community more representation and future employment opportunities in the wellness industry. "I plan to use my training to give back to my community whether it is through my job as a special education teacher, or just as a Black mom raising a little Black boy," says Kelleigh Britton, a participant in the Yoga Pose scholarship. When asked how they intend to use their certification, many participants plan to specialize in yoga for trauma and mental health in the Black community. Media Contact: Cobb Rogers [emailprotected] SOURCE Yoga Pose Related Links https://yogapose.com |
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