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Release time: 2025-01-27 | Source: Unknown
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t0'$ql3"|?CBHҤ _rrbN("%,Unlock the Power of Geostatistics with Datamine’s Studio RM ProMAHWAH, N.J.--(BUSINESS WIRE)--Nov 25, 2024-- KORU Medical Systems (NASDAQ: KRMD) (“KORU Medical” or the “Company”), a leading medical technology company focused on the development, manufacturing, and commercialization of innovative and patient-centric large volume subcutaneous infusion solutions, today announced that the Company will participate in Piper Sandler’s 36 th Annual Healthcare Conference on December 5, 2024. KORU Medical's management is scheduled to present at Piper Sandler’s 36 th Annual Healthcare Conference on December 5, 2024, at 11:00 am ET. Interested parties can access the live and archived webcast on the News/Events page of the Investors section of KORU Medical’s website at www.korumedical.com . About KORU Medical Systems KORU Medical develops, manufactures, and commercializes innovative and patient-centric large volume subcutaneous infusion solutions that improve quality of life for patients around the world. The FREEDOM Syringe Infusion System (“the FREEDOM System”) currently includes the FREEDOM60 ® and FreedomEdge ® Syringe Infusion Drivers, Precision Flow Rate TubingTM and HIgH-Flo Subcutaneous Safety Needle SetsTM. The Freedom System, which received its first FDA clearance in 1994, is used for self-administration in the home by the patient and/or delivery in an ambulatory infusion center by a healthcare professional. Through its Novel Therapies business, KORU Medical provides products for use by biopharmaceutical companies in feasibility/clinical trials during the drug development process and, as needed, is capable of customizing the Freedom System for clinical and commercial use across multiple drug categories. For more information, please visit www.korumedical.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20241125412289/en/ CONTACT: Investor Contact: Greg Chodaczek 347-620-7010 investor@korumedical.com KEYWORD: NEW JERSEY UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: MEDICAL DEVICES HEALTH CLINICAL TRIALS HEALTH TECHNOLOGY MEDICAL SUPPLIES SOURCE: KORU Medical Systems Copyright Business Wire 2024. PUB: 11/25/2024 04:05 PM/DISC: 11/25/2024 04:05 PM http://www.businesswire.com/news/home/20241125412289/en
The battle for control of Bamburi Cement has reached fever pitch, with shareholders racing against time to cast their votes by December 5. At stake is the future of Kenya's leading cement maker, as two formidable bidders vie for supremacy. In one corner is Savanna Clinker, a Kenyan powerhouse led by Benson Sande Ndeta, upping their offer from Sh70 per share in August to Sh76.55 —totaling Sh27.8 billion. In the other is Tanzania’s Amsons Group, headed by CEO Edha Nahdi, equally determined to clinch the deal. Bamburi Cement is expected to reveal the most popular offer by December 20, paving the way for share transfers. Payments to shareholders are slated for February 28, 2025, barring any changes from the Capital Markets Authority (CMA). Under market regulations, bidders retain the right to adjust their offers up to 10 days before the deadline, keeping tensions high as the clock ticks down. According to Ndeta, the offer comes from a patriotic Kenyan who has the best interests of Kenyan companies at heart. He is relying on the backing of Faida Investment Bank which in a statement said that they have sufficient resources to satisfy the maximum amount of cash payable under the offer. “We further confirm that the competing offer will not fail due to insufficient financial capacity of the competing offeror and that every Bamburi shareholder that opts to accept the competing offer shall be paid in full,” said its Managing Director Lucas Otieno in an October 18, 2024, letter to CMA. In the statement, the bank said that they had received a letter from the Global Infrastructure Finance and Development Authority (GIFDA) attesting its commitment to finance the competing offeror’s acquisition of Bamburi cement. “GIFDA, the financier, had made sufficient funding arrangements and has confirmed that the funds are free and unencumbered and are available to Savannah Clinker Limited,” read the statement. “Additionally, Faida has received a statement showing the assets held by GIFDA in Fidelity Investments.” Amsons bid is backed by the Kenya Commercial Bank (KCB) and they have offered to pay Sh65 per share or Sh23.59 billion for a 100 per cent stake in Bamburi through its Kenyan subsidiary and investment vehicle, Amsons Industries (K) Ltd. “According to the offeror’s statement, KCB Investment Bank Ltd, being the transaction advisor and sponsoring stockbroker of Amsons has confirmed that Amsons has sufficient financial resources at its disposal to satisfy the consideration for all shares in Bamburi pursuant to a full acceptance of the offer,” said Bamburi after the Amsons offer. Stay informed. Subscribe to our newsletter Amsons bid recently got regulatory approval from Common Market for Eastern and Southern Africa’s (Comesa) Competition Commission. “The approval is a significant boost to our offer as we continue to engage investors of Bamburi Cement and remain confident that our acquisition bid will be successful as it presents a win-win scenario for the investors and our two countries,” said CEO Nahdi. CMA has already given the green light to shareholders to consider and pick the deal that serves their interests between the two. Asked why they never upped their offer, Ahmed Abdallah from Amsons said that the Sh65 was made after consideration of Bamburi’s market value. “We continue to be very confident that our legitimate offer, which represents a 42 per cent premium on the closing market price of Bamburi Shares at 45.65 KSHs per share, is the best and most competitive offer for Bamburi shareholders.” They promised to pump in Sh51.8 billion to modernise the company’s grinding and clinker plants to ensure its continued growth. Amsons remains confident that shareholders will choose them despite their offer per share being more than Sh11 lower than Savanna’s. On their website, Amsons Group says that since 2000 they have established themselves as a leader in Tanzania, with diversified investments across key sectors including construction, transportation, cement, flour and inland container depots. “We proudly employ over 10,000 Tanzanians, reflecting our dedication to fostering local talent and economic growth.” They also have interests in the oil and gas sector with an over 215 million litres capacity depot. “Our ongoing commitment is to create sustainable employment opportunities and contribute significantly to the nation’s progress.” The company has an annual turnover of Sh130 billion. In the cement world, they run a 6,000-tonne-per-day facility and they recently acquired one of their competitors Mbeya Cement. They also have companies in Malawi, Mozambique, DRC, Zambia and Burundi. In June, Bamburi’s major shareholder Holcim agreed to sell their shares to Amsons but revoked it on October 2 after Savanna’s offer. This came as good news to Savanna as this agreement had locked them out of the race since one needs the backing of at least 60 per cent of total shares to complete the sale. Holcim owns 58.6 per cent of Bamburi through Fincem Holding Ltd (29.3 per cent) and Kencem Holding Ltd (29.3 per cent), which opens the door for them to sell to Savanna. The two are registered in Jersey Island and also share the same address. The remaining is owned by Standard Chartered nominees (15.68 per cent, 0.72 per cent and 2.80 per cent), Aksaya Investment Holdings (11.12 per cent) and SIB (1.11 per cent). Kestrel Capital nominees (0.85 per cent and 0.34 per cent) and APA Insurance Limited (0.29 per cent) while other 4,599 shareholders own 8.48 per cent. Bamburi Cement Ltd Trucks collects cement from a Silo, a storage facility in Industrial area, Nairobi. [Stafford Ondego, Standard] Before the Bamburi offer, Ndeta last year secured Sh65 billion for the construction of a clinker factory in Kitui County Betting on the construction boom that is in the country, Ndeta said that he raised the money through a privately placed debt arrangement and the bond to be regulated at the international exchange. He told the media at the time that he was proud of getting funding from people he said shared his vision and beliefs to deliver growth and development in the construction sector. Ndeta joined billionaire Narendra Raval as a major player seeking to pocket some Sh6.3 billion that factories without grinders pay to import clinker, which is crucial in the manufacturing of cement. Interestingly, Savanna Cement which went under in more than Sh18 billion debt does not have a clinker factory and Ndeta once served as its chairperson. For a man who loves golf which is considered a slow sport and law tennis which is quite a fast-paced game, Ndeta has been in the cement sector for more than 20 years. He started as the Chairman of the now struggling East African Portland Cement Limited in June 2003 when he was appointed by the then Trade Minister Mukhisa Kituyi, serving until June 2008. Ndeta was the majority shareholder of Savanna Cement Limited until November 18, 2022, when his shares were taken over by the banks. The company went into administration on July 21, 2023, under PKF Consulting Kenya partner Peter Kahi after making a net loss of Sh2.5 billion in 2022 and Sh1.07 billion in 2020. By the time it went under, Savanna Cement had made a cumulative loss of Sh7.86 billion. In August 2024, the sale of its assets which were valued at Sh10.9 billion in October 2022, commenced to help compensate some of its creditors. KCB Bank is owed Sh8.89 billion, while Absa Bank is owed Sh5.23 billion. Ndeta said that he has no intentions of delisting Bamburi from the Nairobi Stock Exchange (NSE). On the other hand, Amsons say that if they acquire at least 75 per cent but fewer than 90 per cent of Bamburi shares they may take steps to delist its shares from NSE, subject to corporate and regulatory approvals.
Much has been written in recent decades about the growing influence of money on politics and elections in the United States, including titles such as ‘The Best Congress Money Can Buy and The Best Democracy Money Can Buy’. But has Donald Trump’s victory over Vice-President Kamala Harris, whose campaign had a huge funding advantage, undermined that narrative? In 1835, Alexis de Tocqueville warned of the threat that big money poses to the US system of governance in his book Democracy in America. Wary of the influence of oligarchs and plutocrats, Tocqueville wrote: “The surface of American society is [...] covered with a layer of democracy, from beneath which the old aristocratic colours sometimes peep.” Today, it is the billionaire class leveraging its financial resources to influence elections and policymaking, consolidating more power at the expense of the vast majority of ordinary citizens, further widening America’s wealth inequality, and weakening Americans’ trust in national institutions. The floodgates were opened by Citizens United v Federal Election Commission (2010), in which the Supreme Court reversed campaign-finance restrictions, enabling corporations and other outside groups to “spend unlimited amounts” on elections. The money being channelled into campaigns has since soared, with super PACs (political action committees) raising nearly $4.3bn this year, up from $89mn in 2010. But the vast amount of money that poured into the 2024 race did not have a decisive effect on the outcome. Trump was re-elected despite being outspent by Harris, and GOP interest groups and donors gained a remarkable return on their investment. In addition to winning the presidency, Republicans also retained their majority in the House of Representatives and won back the Senate, giving the party full control of the legislative and executive branches. Many factors contributed to Trump’s resounding victory, with the GOP nominee sweeping all seven highly-contested battleground states. For starters, as he shuttled between courtrooms and campaign stops, his base of conservative support was seemingly unshakable. Trump set new records for the Republican Party, making inroads into unions, which have historically leaned Democratic and kept him competitive in key swing states, and attracting more Black and Latino voters than any other GOP presidential nominee in recent history. Despite her fundraising prowess, Harris faced strong political headwinds, not least the unpopularity of President Joe Biden. Many voters saw the election as a referendum on “Bidenomics”, which they associated with high inflation, the attendant cost-of-living crisis, and erosion of household purchasing power. Even though the US Federal Reserve brought down inflation without triggering a recession – annual real GDP grew by 2.8% in the third quarter of 2024, above the long-run growth rate, and the unemployment rate remained historically low – the Democrats paid the political price for what Trump called a “Kamala Harris inflation tax”. Voters were nostalgic for the economy under the first Trump administration. Real average hourly earnings rose by 6.4% during Trump’s presidency, compared to only 1.4% during Biden’s. Data from the Federal Reserve Bank of Atlanta show that the share of household income needed for housing costs fell under Trump and increased by nearly 50% under Biden. Of course, many forgot that Trump inherited from Barack Obama a strong economy with the longest employment expansion on record. Trump also entered the race leading on several issues that American voters say they care about most – inflation, immigration, and crime. After months of campaigning, Trump was still ahead on all three in the weeks before the election. According to a YouGov poll conducted at the end of October, 49% of Americans thought that Trump would do a better job on immigration, whereas 35% thought Harris would. In a Gallup poll conducted in September, the former president had a nine-point lead over the vice president on the question of who would be a better steward of the economy. Voters also had more confidence in Trump’s ability to handle the Russia-Ukraine war and the Gaza war, with 70% believing that he has experience in foreign affairs. But that is not to discount the power of ultra-rich donors. Trump returns to the White House at a time when the US is deeply divided and highly unequal – more so than at any time since the post-Civil War era. The increasing influence of wealthy individuals and groups over the electoral process and policymaking has undoubtedly contributed to this widening gap between rich and poor. The wealth of the top 1% of US households grew from 36 times to 71 times that of those at the 50th percentile over the past 60 years, and now exceeds the wealth of the middle 60% of households. Economic and political inequalities are closely related. The surging power of the extremely wealthy minority has left most Americans poor and voiceless, fuelling class-based discontent. Bridging this divide may require breaking the chains that have kept policymakers beholden to the donor class for decades and undertaking a democratic shift toward broad-based accountability and more inclusive policies that strengthen individual agency, expand economic opportunities, and improve the income distribution. More than increasing the rate of upward mobility, these policies will rekindle the American dream and foster social cohesion. The future of our democracy and shared prosperity depends on steps that upcoming administrations must take to rebuild trust in our institutions and create a fairer distribution of political and economic power. As former US Supreme Court justice Louis Brandeis put it: “We must make our choice. We may have democracy, or we may have wealth concentrated in the hands of a few, but we can’t have both.” — Project Syndicate •Hippolyte Fofack, a former chief economist and director of research at the African Export-Import Bank, is a fellow with the Sustainable Development Solutions Network at Columbia University, a research associate at Harvard University’s Center for African Studies, and a fellow of the African Academy of Sciences. Related Story Qatar establishes WEF's Centre for Fourth Industrial Revolution 61 countries to compete in 8th Katara Award for Reciting Holy Qur’an
Tens of thousands of Spaniards protest housing crunch and high rents in BarcelonaSANTA CLARA, Calif.--(BUSINESS WIRE)--Nov 25, 2024-- Astera Labs (Nasdaq: ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced its participation in the following financial conferences: Webcasts of these sessions will be available on Astera Labs’ investor relations website at https://ir.asteralabs.com About Astera Labs Astera Labs is a global leader in purpose-built connectivity solutions that unlock the full potential of AI and cloud infrastructure. Our Intelligent Connectivity Platform integrates PCIe®, CXL®, and Ethernet semiconductor-based solutions and the COSMOS software suite of system management and optimization tools to deliver a software-defined architecture that is both scalable and customizable. Inspired by trusted relationships with hyperscalers and the data center ecosystem, we are an innovation leader delivering products that are flexible and interoperable. Discover how we are transforming modern data-driven applications at www.asteralabs.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20241125320690/en/ CONTACT: IR CONTACT: Leslie Green leslie.green@asteralabs.com KEYWORD: CALIFORNIA NEW YORK ARIZONA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SEMICONDUCTOR DATA MANAGEMENT TECHNOLOGY NETWORKS ARTIFICIAL INTELLIGENCE HARDWARE SOURCE: Astera Labs Copyright Business Wire 2024. PUB: 11/25/2024 04:05 PM/DISC: 11/25/2024 04:05 PM http://www.businesswire.com/news/home/20241125320690/enDaniel Jones is free to sign with any NFL team after clearing waivers on Monday, which also means the team that signs the former New York Giants quarterback won't be on the hook for the nearly $12 million that was remaining on his contract this year or his $23 million injury guarantee. Jones was released at his request by the Giants on Saturday after the former first-round pick was benched last week. He reportedly wants to join a contender, and there are expected to be multiple teams interested. The two teams reported to have the most initial interest in Jones are also being offered as the most likely to sign him by one sportsbook. The Baltimore Ravens currently have journeyman backup Josh Johnson behind starting quarterback Lamar Jackson. Jones would potentially provide a third option, and one whose mobility could make him an intriguing fit in offensive coordinator Todd Monken's system The Ravens were installed as the 2/1 favorites to land Jones ahead of the Minnesota Vikings (5/2), who have veterans Nick Mullens and Brett Rypien behind starter Sam Darnold. They would likely view Jones as an upgrade. "I really can't get into too much about any short-term or long-term," Vikings coach Kevin O'Connell said Monday when asked about Jones, per ESPN's Adam Schefter. "I can just say that I've been a big fan of Daniel's for a long time and I hope wherever his next step takes him, it's a good opportunity for him." The Las Vegas Raiders (5/1) don't fall into the category of contenders after falling to 2-9 amid a seven-game losing streak. However, they could provide the most immediate opportunity to play with Gardner Minshew suffering a season-ending broken collarbone on Sunday that is expected to end his season. Second-year quarterback Aidan O'Connell is close to returning from a thumb injury, but coach Antonio Pierce acknowledged after Sunday's game that, "We're going to need somebody, right?" If O'Connell isn't ready to face the Kansas City Chiefs on Black Friday, Desmond Ridder is expected to get the start. The Dallas Cowboys (7/1) would fall into a similar category, with Dak Prescott out for the season following hamstring surgery and being replaced by Cooper Rush. Another intriguing possibility lies with Detroit, where the 10-1 Lions' offense is rolling with Jared Goff at the helm. However, should he go down to injury the only other quarterback on the roster is rookie Hendon Hooker. That has contributed to the Lions having 7/1 odds to sign Jones. DANIEL JONES NEXT TEAM ODDS* Baltimore Ravens (2/1) Minnesota Vikings (5/2) Las Vegas Raiders (5/1) Dallas Cowboys (7/1) Detroit Lions (7/1) Miami Dolphins (7/1) San Francisco 49ers (8/1) Carolina Panthers (10/1) Seattle Seahawks (16/1) Indianapolis Colts (20/1) New England Patriots (25/1) New Orleans Saints (25/1) New York Jets (25/1) Tennessee Titans (25/1) Atlanta Falcons (28/1) Arizona Cardinals (33/1) Chicago Bears (33/1) Cleveland Browns (33/1) Denver Broncos (33/1) Jacksonville Jaguars (40/1) Los Angeles Chargers (50/1) Los Angeles Rams (50/1) Pittsburgh Steelers (50/1) Tampa Bay Buccaneers (50/1) Washington Commanders (50/1) Cincinnati Bengals (66/1) Green Bay Packers (66/1) Houston Texans (66/1) Philadelphia Eagles (66/1) Buffalo Bills (75/1) Kansas City Chiefs (75/1) Any CFL Team (80/1) Any XFL Team (80/1) *Odds provided by SportsBetting.ag are for entertainment purposes only. --Field Level MediaIsrael and Lebanon's Hezbollah agree to a ceasefire to end nearly 14 months of fighting JERUSALEM (AP) — Israel has approved a United States-brokered ceasefire agreement with Lebanon’s Hezbollah, setting the stage for an end to nearly 14 months of fighting linked to the ongoing war in the Gaza Strip. Israeli warplanes meanwhile carried out the most intense wave of strikes in Beirut and its southern suburbs since the start of the conflict and issued a record number of evacuation warnings. At least 24 people were killed in strikes across the country, according to local authorities, as Israel signaled it aims to keep pummeling Hezbollah before the ceasefire is set to take hold at 4 a.m. local time on Wednesday. President Joe Biden, speaking in Washington, called the agreement “good news” and said his administration would make a renewed push for a ceasefire in Gaza. AP finds that a Pentagon-funded study on extremism in the military relied on old data Early this year, Pete Hegseth told a Fox News audience a new, Pentagon-funded study proved that the number of military service members and veterans involved in the Jan. 6 insurrection did not indicate a wider problem in the armed forces. Hegseth, Donald Trump's pick to head the Department of Defense, wasn’t alone. The Wall Street Journal’s opinion page highlighted the same report as evidence that extremists in military communities were “phantoms” created by a “false media narrative.” The X account for Republicans on the House Armed Services Committee posted that the study showed the focus on extremism in the military was a “witch hunt.” But The Associated Press has found that the study relied on old data, misleading analyses and ignored evidence that pointed to the opposite conclusion. Trump's threat to impose tariffs could raise prices for consumers, colliding with promise for relief DETROIT (AP) — If Donald Trump makes good on his threat to slap 25% tariffs on everything imported from Mexico and Canada, the price increases that could follow will collide with his campaign promise to give American families a break from inflation. Economists and industry officials say companies would have little choice but to pass along the added costs, dramatically raising prices for food, clothing, automobiles, booze and other goods. The president-elect floated the tariff idea and an additional 10% tax on goods from China, as a way to force the countries to halt the flow of illegal immigrants and drugs into the U.S. But his posts Monday threatening tariffs on his first day in office could be a negotiating ploy to get the countries to change behavior. Mexico suggests it would impose its own tariffs to retaliate against any Trump tariffs MEXICO CITY (AP) — Mexican President Claudia Sheinbaum has suggested Mexico could retaliate with tariffs of its own, after U.S. President-elect Donald Trump threatened to impose 25% tariffs on Mexican goods if the country doesn’t stop the flow of drugs and migrants across the border. Sheinbaum says she is willing to engage in talks on the issues, but said drugs were a U.S. problem. She says "one tariff would be followed by another in response, and so on until we put at risk common businesses,” referring to U.S. automakers that have plants on both sides of the border. After delay, Trump signs agreement with Biden White House to begin formal transition handoff WASHINGTON (AP) — President-elect Donald Trump on Tuesday signed a required agreement with President Joe Biden’s White House to allow his transition team to coordinate with the existing federal workforce ahead of taking office on Jan. 20. The overdue agreement was supposed to have been signed by Oct. 1, according to the Presidential Transition Act, and the Biden White House has issued appeals in both public and private for Trump’s team to sign on. The agreement is a critical step in the process meant to ensure an orderly transfer of power at noon on Jan. 20 and limits the risk that the Trump team could find itself taking control of the massive federal government without being aware of ongoing programs and operations. Brazil’s Bolsonaro participated in a 2022 coup plot, unsealed police report says SAO PAULO (AP) — Brazil’s former far-right President Jair Bolsonaro was fully aware of and actively participated in a coup plot to remain in office after his defeat in the 2022 election, according to a Federal Police report that has been unsealed. Brazil’s Federal Police last Thursday formally accused Bolsonaro and 36 other people of attempting a coup. They sent their nearly 900-page report to the Supreme Court, which lifted the seal. Bolsonaro has repeatedly denied any wrongdoing or awareness of any plot to keep him in power or oust his leftist rival and successor, Luiz Inácio Lula da Silva. Biden proposes Medicare and Medicaid cover costly weight-loss drugs for millions of obese Americans WASHINGTON (AP) — Millions of obese Americans would be eligible to have popular weight-loss drugs like Wegovy or Zepbound covered by Medicare or Medicaid under a new rule the Biden administration proposed Tuesday morning. The proposal, which would not be finalized until after President-elect Donald Trump takes office, could cost taxpayers as much as $35 billion over the next decade. It would give millions of people access to weekly injectables that have helped people shed pounds so quickly that some people have labeled them miracle drugs. New rule allows HIV-positive organ transplants People with HIV who need a kidney or liver transplant will be able to receive an organ from a donor with HIV. That's according to a new rule announced Tuesday by U.S. health officials. Previously, such transplants could be done only as part of research studies. The new rule takes effect Wednesday. It's expected to shorten the wait for organs for all, regardless of HIV status, by increasing the pool of available organs. The practice is supported by a decade of research, during which 500 transplants of kidneys and livers from HIV-positive donors have been done in the U.S. Surveillance tech advances by Biden could aid in Trump's promised crackdown on immigration President-elect Donald Trump will return to power next year with a raft of technological tools at his disposal that would help deliver his campaign promise of cracking down on immigration — among them, surveillance and artificial intelligence technology that the Biden administration already uses to help make crucial decisions in tracking, detaining and ultimately deporting immigrants lacking permanent legal status. One algorithm, for example, ranks immigrants with a “Hurricane Score,” ranging from 1-5, to assess whether someone will “abscond” from the agency’s supervision. Ukraine says Russian attack sets a new record for the number of drones used KYIV, Ukraine (AP) — The Ukrainian air force says Russia launched 188 drones against most regions of Ukraine in a nighttime blitz, describing it as a record number of drones deployed in a single attack. It said Tuesday that most of the drones were intercepted, but apartment buildings and critical infrastructure such as the national power grid were damaged. No casualties were immediately reported in the 17 targeted regions. Russia has been hammering civilian areas of Ukraine with increasingly heavy drone, missile and glide bomb attacks since the middle of the year. The Russian Defense Ministry, meanwhile, issued a rare official acknowledgement of its assets being hit on its own soil by U.S.-made longer-range missiles that the U.S. recently authorized Ukraine to use.
Saquon Barkley has become the Shohei Ohtani of the NFL. There's no better home run hitter playing football right now. Barkley had touchdown runs of 72 and 70 yards for the Philadelphia Eagles in a 37-20 victory over the Los Angeles Rams on Sunday night. He now has five runs of 50-plus yards this season and is on pace to break Eric Dickerson's single-season record of 2,105 yards set in 1984. Barkley's historic performance against the Rams — his 255 yards set a team record — captivated a national audience and turned him into a fan favorite for the AP NFL MVP award. He's not the betting favorite, however. Josh Allen has the best odds at plus-150, according to Bet MGM Sportsbook. Two-time MVP Lamar Jackson is next at plus-250 followed by Barkley at plus-400. Running backs have won the award 18 times, including three-time winner Jim Brown, who was the AP's first NFL MVP in 1957. Quarterbacks have dominated the award, winning it 45 times. Only three players who weren't QBs or RBs have been MVP. It takes a special season for a non-QB to win it mainly because the offense goes through the signal caller. Quarterbacks handle the ball every offensive snap, run the show and get the credit when things go well and the blame when it doesn't. Adrian Peterson was the most recent non-QB to win it when he ran for 2,097 yards and 12 touchdowns for the Minnesota Vikings in 2012. Playing for a winning team matters, too. Nine of the past 11 winners played for a No. 1 seed with the other two winners on a No. 2 seed. The Vikings earned the sixth seed when Pederson was MVP. Barkley is a major reason why the Eagles (9-2) are leading the NFC East and only trail Detroit (10-1) by one game for the top spot in the conference. Does he have a realistic chance to win the MVP award? Kicker Mark Moseley was the MVP in the strike-shortened 1982 season when he made 20 of 21 field goals and 16 of 19 extra points in nine games for Washington. If voters once selected a kicker, everyone has a chance, especially a game-changer such as Barkley. Defensive tackle Alan Page was the MVP in 1971 and linebacker Lawrence Taylor won it in 1986. Running back Christian McCaffrey finished third in voting last year and wide receiver Justin Jefferson placed fifth in 2022. The Offensive Player of the Year award and Defensive Player of the Year award recognize the best all-around players on both sides of the ball, allowing voters to recognize non-QBs if they choose. Wide receivers and running backs have won the AP OPOY award seven times over the past 11 seasons. McCaffrey was the 2023 winner. The AP's new voting format introduced in 2022 also gives non-QBs a better opportunity to get MVP recognition. Voter submit their top five picks for each award, with a weighted point system. Previously, voters made one choice for each award. A nationwide panel of 50 media members who regularly cover the league vote for MVP and seven other awards. The awards are based on regular-season performance. Clinching scenarios The Chiefs (10-1) and Bills (9-2) already are in position to lock up postseason berths right after Thanksgiving. Kansas City clinches a playoff berth with a win over Las Vegas on Black Friday and a loss by Miami on Thursday night, or a win plus a loss by Denver on Monday night. Buffalo can wrap up a fifth straight AFC East title with a victory over San Francisco on Sunday and a loss by the Dolphins. Status quo in Dallas? It's not a given that the Dallas Cowboys will be looking for a new head coach after this season. Owner Jerry Jones said Tuesday on local radio that Mike McCarthy could end up getting a contract extension. "I don't think that's crazy at all. This is a Super Bowl-winning coach. Mike McCarthy has been there and done that. He has great ideas. We got a lot of football left," Jones said. McCarthy led the Cowboys (4-7) to three straight 12-win seasons, but they went 1-3 in the playoffs and haven't reached the NFC championship game since winning the Super Bowl 29 years ago. Injuries have contributed to the team's struggles this season, but Dallas was just 3-5 before Dak Prescott was lost for the rest of the season. The Cowboys upset Washington last week and their next four games are against teams that currently have losing records. If they somehow end up 9-8 or even 8-9, Jones could make a case for keeping McCarthy.
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t0'$ql3"|?CBHҤ _rrbN("%,Unlock the Power of Geostatistics with Datamine’s Studio RM ProMAHWAH, N.J.--(BUSINESS WIRE)--Nov 25, 2024-- KORU Medical Systems (NASDAQ: KRMD) (“KORU Medical” or the “Company”), a leading medical technology company focused on the development, manufacturing, and commercialization of innovative and patient-centric large volume subcutaneous infusion solutions, today announced that the Company will participate in Piper Sandler’s 36 th Annual Healthcare Conference on December 5, 2024. KORU Medical's management is scheduled to present at Piper Sandler’s 36 th Annual Healthcare Conference on December 5, 2024, at 11:00 am ET. Interested parties can access the live and archived webcast on the News/Events page of the Investors section of KORU Medical’s website at www.korumedical.com . About KORU Medical Systems KORU Medical develops, manufactures, and commercializes innovative and patient-centric large volume subcutaneous infusion solutions that improve quality of life for patients around the world. The FREEDOM Syringe Infusion System (“the FREEDOM System”) currently includes the FREEDOM60 ® and FreedomEdge ® Syringe Infusion Drivers, Precision Flow Rate TubingTM and HIgH-Flo Subcutaneous Safety Needle SetsTM. The Freedom System, which received its first FDA clearance in 1994, is used for self-administration in the home by the patient and/or delivery in an ambulatory infusion center by a healthcare professional. Through its Novel Therapies business, KORU Medical provides products for use by biopharmaceutical companies in feasibility/clinical trials during the drug development process and, as needed, is capable of customizing the Freedom System for clinical and commercial use across multiple drug categories. For more information, please visit www.korumedical.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20241125412289/en/ CONTACT: Investor Contact: Greg Chodaczek 347-620-7010 investor@korumedical.com KEYWORD: NEW JERSEY UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: MEDICAL DEVICES HEALTH CLINICAL TRIALS HEALTH TECHNOLOGY MEDICAL SUPPLIES SOURCE: KORU Medical Systems Copyright Business Wire 2024. PUB: 11/25/2024 04:05 PM/DISC: 11/25/2024 04:05 PM http://www.businesswire.com/news/home/20241125412289/en
The battle for control of Bamburi Cement has reached fever pitch, with shareholders racing against time to cast their votes by December 5. At stake is the future of Kenya's leading cement maker, as two formidable bidders vie for supremacy. In one corner is Savanna Clinker, a Kenyan powerhouse led by Benson Sande Ndeta, upping their offer from Sh70 per share in August to Sh76.55 —totaling Sh27.8 billion. In the other is Tanzania’s Amsons Group, headed by CEO Edha Nahdi, equally determined to clinch the deal. Bamburi Cement is expected to reveal the most popular offer by December 20, paving the way for share transfers. Payments to shareholders are slated for February 28, 2025, barring any changes from the Capital Markets Authority (CMA). Under market regulations, bidders retain the right to adjust their offers up to 10 days before the deadline, keeping tensions high as the clock ticks down. According to Ndeta, the offer comes from a patriotic Kenyan who has the best interests of Kenyan companies at heart. He is relying on the backing of Faida Investment Bank which in a statement said that they have sufficient resources to satisfy the maximum amount of cash payable under the offer. “We further confirm that the competing offer will not fail due to insufficient financial capacity of the competing offeror and that every Bamburi shareholder that opts to accept the competing offer shall be paid in full,” said its Managing Director Lucas Otieno in an October 18, 2024, letter to CMA. In the statement, the bank said that they had received a letter from the Global Infrastructure Finance and Development Authority (GIFDA) attesting its commitment to finance the competing offeror’s acquisition of Bamburi cement. “GIFDA, the financier, had made sufficient funding arrangements and has confirmed that the funds are free and unencumbered and are available to Savannah Clinker Limited,” read the statement. “Additionally, Faida has received a statement showing the assets held by GIFDA in Fidelity Investments.” Amsons bid is backed by the Kenya Commercial Bank (KCB) and they have offered to pay Sh65 per share or Sh23.59 billion for a 100 per cent stake in Bamburi through its Kenyan subsidiary and investment vehicle, Amsons Industries (K) Ltd. “According to the offeror’s statement, KCB Investment Bank Ltd, being the transaction advisor and sponsoring stockbroker of Amsons has confirmed that Amsons has sufficient financial resources at its disposal to satisfy the consideration for all shares in Bamburi pursuant to a full acceptance of the offer,” said Bamburi after the Amsons offer. Stay informed. Subscribe to our newsletter Amsons bid recently got regulatory approval from Common Market for Eastern and Southern Africa’s (Comesa) Competition Commission. “The approval is a significant boost to our offer as we continue to engage investors of Bamburi Cement and remain confident that our acquisition bid will be successful as it presents a win-win scenario for the investors and our two countries,” said CEO Nahdi. CMA has already given the green light to shareholders to consider and pick the deal that serves their interests between the two. Asked why they never upped their offer, Ahmed Abdallah from Amsons said that the Sh65 was made after consideration of Bamburi’s market value. “We continue to be very confident that our legitimate offer, which represents a 42 per cent premium on the closing market price of Bamburi Shares at 45.65 KSHs per share, is the best and most competitive offer for Bamburi shareholders.” They promised to pump in Sh51.8 billion to modernise the company’s grinding and clinker plants to ensure its continued growth. Amsons remains confident that shareholders will choose them despite their offer per share being more than Sh11 lower than Savanna’s. On their website, Amsons Group says that since 2000 they have established themselves as a leader in Tanzania, with diversified investments across key sectors including construction, transportation, cement, flour and inland container depots. “We proudly employ over 10,000 Tanzanians, reflecting our dedication to fostering local talent and economic growth.” They also have interests in the oil and gas sector with an over 215 million litres capacity depot. “Our ongoing commitment is to create sustainable employment opportunities and contribute significantly to the nation’s progress.” The company has an annual turnover of Sh130 billion. In the cement world, they run a 6,000-tonne-per-day facility and they recently acquired one of their competitors Mbeya Cement. They also have companies in Malawi, Mozambique, DRC, Zambia and Burundi. In June, Bamburi’s major shareholder Holcim agreed to sell their shares to Amsons but revoked it on October 2 after Savanna’s offer. This came as good news to Savanna as this agreement had locked them out of the race since one needs the backing of at least 60 per cent of total shares to complete the sale. Holcim owns 58.6 per cent of Bamburi through Fincem Holding Ltd (29.3 per cent) and Kencem Holding Ltd (29.3 per cent), which opens the door for them to sell to Savanna. The two are registered in Jersey Island and also share the same address. The remaining is owned by Standard Chartered nominees (15.68 per cent, 0.72 per cent and 2.80 per cent), Aksaya Investment Holdings (11.12 per cent) and SIB (1.11 per cent). Kestrel Capital nominees (0.85 per cent and 0.34 per cent) and APA Insurance Limited (0.29 per cent) while other 4,599 shareholders own 8.48 per cent. Bamburi Cement Ltd Trucks collects cement from a Silo, a storage facility in Industrial area, Nairobi. [Stafford Ondego, Standard] Before the Bamburi offer, Ndeta last year secured Sh65 billion for the construction of a clinker factory in Kitui County Betting on the construction boom that is in the country, Ndeta said that he raised the money through a privately placed debt arrangement and the bond to be regulated at the international exchange. He told the media at the time that he was proud of getting funding from people he said shared his vision and beliefs to deliver growth and development in the construction sector. Ndeta joined billionaire Narendra Raval as a major player seeking to pocket some Sh6.3 billion that factories without grinders pay to import clinker, which is crucial in the manufacturing of cement. Interestingly, Savanna Cement which went under in more than Sh18 billion debt does not have a clinker factory and Ndeta once served as its chairperson. For a man who loves golf which is considered a slow sport and law tennis which is quite a fast-paced game, Ndeta has been in the cement sector for more than 20 years. He started as the Chairman of the now struggling East African Portland Cement Limited in June 2003 when he was appointed by the then Trade Minister Mukhisa Kituyi, serving until June 2008. Ndeta was the majority shareholder of Savanna Cement Limited until November 18, 2022, when his shares were taken over by the banks. The company went into administration on July 21, 2023, under PKF Consulting Kenya partner Peter Kahi after making a net loss of Sh2.5 billion in 2022 and Sh1.07 billion in 2020. By the time it went under, Savanna Cement had made a cumulative loss of Sh7.86 billion. In August 2024, the sale of its assets which were valued at Sh10.9 billion in October 2022, commenced to help compensate some of its creditors. KCB Bank is owed Sh8.89 billion, while Absa Bank is owed Sh5.23 billion. Ndeta said that he has no intentions of delisting Bamburi from the Nairobi Stock Exchange (NSE). On the other hand, Amsons say that if they acquire at least 75 per cent but fewer than 90 per cent of Bamburi shares they may take steps to delist its shares from NSE, subject to corporate and regulatory approvals.
Much has been written in recent decades about the growing influence of money on politics and elections in the United States, including titles such as ‘The Best Congress Money Can Buy and The Best Democracy Money Can Buy’. But has Donald Trump’s victory over Vice-President Kamala Harris, whose campaign had a huge funding advantage, undermined that narrative? In 1835, Alexis de Tocqueville warned of the threat that big money poses to the US system of governance in his book Democracy in America. Wary of the influence of oligarchs and plutocrats, Tocqueville wrote: “The surface of American society is [...] covered with a layer of democracy, from beneath which the old aristocratic colours sometimes peep.” Today, it is the billionaire class leveraging its financial resources to influence elections and policymaking, consolidating more power at the expense of the vast majority of ordinary citizens, further widening America’s wealth inequality, and weakening Americans’ trust in national institutions. The floodgates were opened by Citizens United v Federal Election Commission (2010), in which the Supreme Court reversed campaign-finance restrictions, enabling corporations and other outside groups to “spend unlimited amounts” on elections. The money being channelled into campaigns has since soared, with super PACs (political action committees) raising nearly $4.3bn this year, up from $89mn in 2010. But the vast amount of money that poured into the 2024 race did not have a decisive effect on the outcome. Trump was re-elected despite being outspent by Harris, and GOP interest groups and donors gained a remarkable return on their investment. In addition to winning the presidency, Republicans also retained their majority in the House of Representatives and won back the Senate, giving the party full control of the legislative and executive branches. Many factors contributed to Trump’s resounding victory, with the GOP nominee sweeping all seven highly-contested battleground states. For starters, as he shuttled between courtrooms and campaign stops, his base of conservative support was seemingly unshakable. Trump set new records for the Republican Party, making inroads into unions, which have historically leaned Democratic and kept him competitive in key swing states, and attracting more Black and Latino voters than any other GOP presidential nominee in recent history. Despite her fundraising prowess, Harris faced strong political headwinds, not least the unpopularity of President Joe Biden. Many voters saw the election as a referendum on “Bidenomics”, which they associated with high inflation, the attendant cost-of-living crisis, and erosion of household purchasing power. Even though the US Federal Reserve brought down inflation without triggering a recession – annual real GDP grew by 2.8% in the third quarter of 2024, above the long-run growth rate, and the unemployment rate remained historically low – the Democrats paid the political price for what Trump called a “Kamala Harris inflation tax”. Voters were nostalgic for the economy under the first Trump administration. Real average hourly earnings rose by 6.4% during Trump’s presidency, compared to only 1.4% during Biden’s. Data from the Federal Reserve Bank of Atlanta show that the share of household income needed for housing costs fell under Trump and increased by nearly 50% under Biden. Of course, many forgot that Trump inherited from Barack Obama a strong economy with the longest employment expansion on record. Trump also entered the race leading on several issues that American voters say they care about most – inflation, immigration, and crime. After months of campaigning, Trump was still ahead on all three in the weeks before the election. According to a YouGov poll conducted at the end of October, 49% of Americans thought that Trump would do a better job on immigration, whereas 35% thought Harris would. In a Gallup poll conducted in September, the former president had a nine-point lead over the vice president on the question of who would be a better steward of the economy. Voters also had more confidence in Trump’s ability to handle the Russia-Ukraine war and the Gaza war, with 70% believing that he has experience in foreign affairs. But that is not to discount the power of ultra-rich donors. Trump returns to the White House at a time when the US is deeply divided and highly unequal – more so than at any time since the post-Civil War era. The increasing influence of wealthy individuals and groups over the electoral process and policymaking has undoubtedly contributed to this widening gap between rich and poor. The wealth of the top 1% of US households grew from 36 times to 71 times that of those at the 50th percentile over the past 60 years, and now exceeds the wealth of the middle 60% of households. Economic and political inequalities are closely related. The surging power of the extremely wealthy minority has left most Americans poor and voiceless, fuelling class-based discontent. Bridging this divide may require breaking the chains that have kept policymakers beholden to the donor class for decades and undertaking a democratic shift toward broad-based accountability and more inclusive policies that strengthen individual agency, expand economic opportunities, and improve the income distribution. More than increasing the rate of upward mobility, these policies will rekindle the American dream and foster social cohesion. The future of our democracy and shared prosperity depends on steps that upcoming administrations must take to rebuild trust in our institutions and create a fairer distribution of political and economic power. As former US Supreme Court justice Louis Brandeis put it: “We must make our choice. We may have democracy, or we may have wealth concentrated in the hands of a few, but we can’t have both.” — Project Syndicate •Hippolyte Fofack, a former chief economist and director of research at the African Export-Import Bank, is a fellow with the Sustainable Development Solutions Network at Columbia University, a research associate at Harvard University’s Center for African Studies, and a fellow of the African Academy of Sciences. Related Story Qatar establishes WEF's Centre for Fourth Industrial Revolution 61 countries to compete in 8th Katara Award for Reciting Holy Qur’an
Tens of thousands of Spaniards protest housing crunch and high rents in BarcelonaSANTA CLARA, Calif.--(BUSINESS WIRE)--Nov 25, 2024-- Astera Labs (Nasdaq: ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced its participation in the following financial conferences: Webcasts of these sessions will be available on Astera Labs’ investor relations website at https://ir.asteralabs.com About Astera Labs Astera Labs is a global leader in purpose-built connectivity solutions that unlock the full potential of AI and cloud infrastructure. Our Intelligent Connectivity Platform integrates PCIe®, CXL®, and Ethernet semiconductor-based solutions and the COSMOS software suite of system management and optimization tools to deliver a software-defined architecture that is both scalable and customizable. Inspired by trusted relationships with hyperscalers and the data center ecosystem, we are an innovation leader delivering products that are flexible and interoperable. Discover how we are transforming modern data-driven applications at www.asteralabs.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20241125320690/en/ CONTACT: IR CONTACT: Leslie Green leslie.green@asteralabs.com KEYWORD: CALIFORNIA NEW YORK ARIZONA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SEMICONDUCTOR DATA MANAGEMENT TECHNOLOGY NETWORKS ARTIFICIAL INTELLIGENCE HARDWARE SOURCE: Astera Labs Copyright Business Wire 2024. PUB: 11/25/2024 04:05 PM/DISC: 11/25/2024 04:05 PM http://www.businesswire.com/news/home/20241125320690/enDaniel Jones is free to sign with any NFL team after clearing waivers on Monday, which also means the team that signs the former New York Giants quarterback won't be on the hook for the nearly $12 million that was remaining on his contract this year or his $23 million injury guarantee. Jones was released at his request by the Giants on Saturday after the former first-round pick was benched last week. He reportedly wants to join a contender, and there are expected to be multiple teams interested. The two teams reported to have the most initial interest in Jones are also being offered as the most likely to sign him by one sportsbook. The Baltimore Ravens currently have journeyman backup Josh Johnson behind starting quarterback Lamar Jackson. Jones would potentially provide a third option, and one whose mobility could make him an intriguing fit in offensive coordinator Todd Monken's system The Ravens were installed as the 2/1 favorites to land Jones ahead of the Minnesota Vikings (5/2), who have veterans Nick Mullens and Brett Rypien behind starter Sam Darnold. They would likely view Jones as an upgrade. "I really can't get into too much about any short-term or long-term," Vikings coach Kevin O'Connell said Monday when asked about Jones, per ESPN's Adam Schefter. "I can just say that I've been a big fan of Daniel's for a long time and I hope wherever his next step takes him, it's a good opportunity for him." The Las Vegas Raiders (5/1) don't fall into the category of contenders after falling to 2-9 amid a seven-game losing streak. However, they could provide the most immediate opportunity to play with Gardner Minshew suffering a season-ending broken collarbone on Sunday that is expected to end his season. Second-year quarterback Aidan O'Connell is close to returning from a thumb injury, but coach Antonio Pierce acknowledged after Sunday's game that, "We're going to need somebody, right?" If O'Connell isn't ready to face the Kansas City Chiefs on Black Friday, Desmond Ridder is expected to get the start. The Dallas Cowboys (7/1) would fall into a similar category, with Dak Prescott out for the season following hamstring surgery and being replaced by Cooper Rush. Another intriguing possibility lies with Detroit, where the 10-1 Lions' offense is rolling with Jared Goff at the helm. However, should he go down to injury the only other quarterback on the roster is rookie Hendon Hooker. That has contributed to the Lions having 7/1 odds to sign Jones. DANIEL JONES NEXT TEAM ODDS* Baltimore Ravens (2/1) Minnesota Vikings (5/2) Las Vegas Raiders (5/1) Dallas Cowboys (7/1) Detroit Lions (7/1) Miami Dolphins (7/1) San Francisco 49ers (8/1) Carolina Panthers (10/1) Seattle Seahawks (16/1) Indianapolis Colts (20/1) New England Patriots (25/1) New Orleans Saints (25/1) New York Jets (25/1) Tennessee Titans (25/1) Atlanta Falcons (28/1) Arizona Cardinals (33/1) Chicago Bears (33/1) Cleveland Browns (33/1) Denver Broncos (33/1) Jacksonville Jaguars (40/1) Los Angeles Chargers (50/1) Los Angeles Rams (50/1) Pittsburgh Steelers (50/1) Tampa Bay Buccaneers (50/1) Washington Commanders (50/1) Cincinnati Bengals (66/1) Green Bay Packers (66/1) Houston Texans (66/1) Philadelphia Eagles (66/1) Buffalo Bills (75/1) Kansas City Chiefs (75/1) Any CFL Team (80/1) Any XFL Team (80/1) *Odds provided by SportsBetting.ag are for entertainment purposes only. --Field Level MediaIsrael and Lebanon's Hezbollah agree to a ceasefire to end nearly 14 months of fighting JERUSALEM (AP) — Israel has approved a United States-brokered ceasefire agreement with Lebanon’s Hezbollah, setting the stage for an end to nearly 14 months of fighting linked to the ongoing war in the Gaza Strip. Israeli warplanes meanwhile carried out the most intense wave of strikes in Beirut and its southern suburbs since the start of the conflict and issued a record number of evacuation warnings. At least 24 people were killed in strikes across the country, according to local authorities, as Israel signaled it aims to keep pummeling Hezbollah before the ceasefire is set to take hold at 4 a.m. local time on Wednesday. President Joe Biden, speaking in Washington, called the agreement “good news” and said his administration would make a renewed push for a ceasefire in Gaza. AP finds that a Pentagon-funded study on extremism in the military relied on old data Early this year, Pete Hegseth told a Fox News audience a new, Pentagon-funded study proved that the number of military service members and veterans involved in the Jan. 6 insurrection did not indicate a wider problem in the armed forces. Hegseth, Donald Trump's pick to head the Department of Defense, wasn’t alone. The Wall Street Journal’s opinion page highlighted the same report as evidence that extremists in military communities were “phantoms” created by a “false media narrative.” The X account for Republicans on the House Armed Services Committee posted that the study showed the focus on extremism in the military was a “witch hunt.” But The Associated Press has found that the study relied on old data, misleading analyses and ignored evidence that pointed to the opposite conclusion. Trump's threat to impose tariffs could raise prices for consumers, colliding with promise for relief DETROIT (AP) — If Donald Trump makes good on his threat to slap 25% tariffs on everything imported from Mexico and Canada, the price increases that could follow will collide with his campaign promise to give American families a break from inflation. Economists and industry officials say companies would have little choice but to pass along the added costs, dramatically raising prices for food, clothing, automobiles, booze and other goods. The president-elect floated the tariff idea and an additional 10% tax on goods from China, as a way to force the countries to halt the flow of illegal immigrants and drugs into the U.S. But his posts Monday threatening tariffs on his first day in office could be a negotiating ploy to get the countries to change behavior. Mexico suggests it would impose its own tariffs to retaliate against any Trump tariffs MEXICO CITY (AP) — Mexican President Claudia Sheinbaum has suggested Mexico could retaliate with tariffs of its own, after U.S. President-elect Donald Trump threatened to impose 25% tariffs on Mexican goods if the country doesn’t stop the flow of drugs and migrants across the border. Sheinbaum says she is willing to engage in talks on the issues, but said drugs were a U.S. problem. She says "one tariff would be followed by another in response, and so on until we put at risk common businesses,” referring to U.S. automakers that have plants on both sides of the border. After delay, Trump signs agreement with Biden White House to begin formal transition handoff WASHINGTON (AP) — President-elect Donald Trump on Tuesday signed a required agreement with President Joe Biden’s White House to allow his transition team to coordinate with the existing federal workforce ahead of taking office on Jan. 20. The overdue agreement was supposed to have been signed by Oct. 1, according to the Presidential Transition Act, and the Biden White House has issued appeals in both public and private for Trump’s team to sign on. The agreement is a critical step in the process meant to ensure an orderly transfer of power at noon on Jan. 20 and limits the risk that the Trump team could find itself taking control of the massive federal government without being aware of ongoing programs and operations. Brazil’s Bolsonaro participated in a 2022 coup plot, unsealed police report says SAO PAULO (AP) — Brazil’s former far-right President Jair Bolsonaro was fully aware of and actively participated in a coup plot to remain in office after his defeat in the 2022 election, according to a Federal Police report that has been unsealed. Brazil’s Federal Police last Thursday formally accused Bolsonaro and 36 other people of attempting a coup. They sent their nearly 900-page report to the Supreme Court, which lifted the seal. Bolsonaro has repeatedly denied any wrongdoing or awareness of any plot to keep him in power or oust his leftist rival and successor, Luiz Inácio Lula da Silva. Biden proposes Medicare and Medicaid cover costly weight-loss drugs for millions of obese Americans WASHINGTON (AP) — Millions of obese Americans would be eligible to have popular weight-loss drugs like Wegovy or Zepbound covered by Medicare or Medicaid under a new rule the Biden administration proposed Tuesday morning. The proposal, which would not be finalized until after President-elect Donald Trump takes office, could cost taxpayers as much as $35 billion over the next decade. It would give millions of people access to weekly injectables that have helped people shed pounds so quickly that some people have labeled them miracle drugs. New rule allows HIV-positive organ transplants People with HIV who need a kidney or liver transplant will be able to receive an organ from a donor with HIV. That's according to a new rule announced Tuesday by U.S. health officials. Previously, such transplants could be done only as part of research studies. The new rule takes effect Wednesday. It's expected to shorten the wait for organs for all, regardless of HIV status, by increasing the pool of available organs. The practice is supported by a decade of research, during which 500 transplants of kidneys and livers from HIV-positive donors have been done in the U.S. Surveillance tech advances by Biden could aid in Trump's promised crackdown on immigration President-elect Donald Trump will return to power next year with a raft of technological tools at his disposal that would help deliver his campaign promise of cracking down on immigration — among them, surveillance and artificial intelligence technology that the Biden administration already uses to help make crucial decisions in tracking, detaining and ultimately deporting immigrants lacking permanent legal status. One algorithm, for example, ranks immigrants with a “Hurricane Score,” ranging from 1-5, to assess whether someone will “abscond” from the agency’s supervision. Ukraine says Russian attack sets a new record for the number of drones used KYIV, Ukraine (AP) — The Ukrainian air force says Russia launched 188 drones against most regions of Ukraine in a nighttime blitz, describing it as a record number of drones deployed in a single attack. It said Tuesday that most of the drones were intercepted, but apartment buildings and critical infrastructure such as the national power grid were damaged. No casualties were immediately reported in the 17 targeted regions. Russia has been hammering civilian areas of Ukraine with increasingly heavy drone, missile and glide bomb attacks since the middle of the year. The Russian Defense Ministry, meanwhile, issued a rare official acknowledgement of its assets being hit on its own soil by U.S.-made longer-range missiles that the U.S. recently authorized Ukraine to use.
Saquon Barkley has become the Shohei Ohtani of the NFL. There's no better home run hitter playing football right now. Barkley had touchdown runs of 72 and 70 yards for the Philadelphia Eagles in a 37-20 victory over the Los Angeles Rams on Sunday night. He now has five runs of 50-plus yards this season and is on pace to break Eric Dickerson's single-season record of 2,105 yards set in 1984. Barkley's historic performance against the Rams — his 255 yards set a team record — captivated a national audience and turned him into a fan favorite for the AP NFL MVP award. He's not the betting favorite, however. Josh Allen has the best odds at plus-150, according to Bet MGM Sportsbook. Two-time MVP Lamar Jackson is next at plus-250 followed by Barkley at plus-400. Running backs have won the award 18 times, including three-time winner Jim Brown, who was the AP's first NFL MVP in 1957. Quarterbacks have dominated the award, winning it 45 times. Only three players who weren't QBs or RBs have been MVP. It takes a special season for a non-QB to win it mainly because the offense goes through the signal caller. Quarterbacks handle the ball every offensive snap, run the show and get the credit when things go well and the blame when it doesn't. Adrian Peterson was the most recent non-QB to win it when he ran for 2,097 yards and 12 touchdowns for the Minnesota Vikings in 2012. Playing for a winning team matters, too. Nine of the past 11 winners played for a No. 1 seed with the other two winners on a No. 2 seed. The Vikings earned the sixth seed when Pederson was MVP. Barkley is a major reason why the Eagles (9-2) are leading the NFC East and only trail Detroit (10-1) by one game for the top spot in the conference. Does he have a realistic chance to win the MVP award? Kicker Mark Moseley was the MVP in the strike-shortened 1982 season when he made 20 of 21 field goals and 16 of 19 extra points in nine games for Washington. If voters once selected a kicker, everyone has a chance, especially a game-changer such as Barkley. Defensive tackle Alan Page was the MVP in 1971 and linebacker Lawrence Taylor won it in 1986. Running back Christian McCaffrey finished third in voting last year and wide receiver Justin Jefferson placed fifth in 2022. The Offensive Player of the Year award and Defensive Player of the Year award recognize the best all-around players on both sides of the ball, allowing voters to recognize non-QBs if they choose. Wide receivers and running backs have won the AP OPOY award seven times over the past 11 seasons. McCaffrey was the 2023 winner. The AP's new voting format introduced in 2022 also gives non-QBs a better opportunity to get MVP recognition. Voter submit their top five picks for each award, with a weighted point system. Previously, voters made one choice for each award. A nationwide panel of 50 media members who regularly cover the league vote for MVP and seven other awards. The awards are based on regular-season performance. Clinching scenarios The Chiefs (10-1) and Bills (9-2) already are in position to lock up postseason berths right after Thanksgiving. Kansas City clinches a playoff berth with a win over Las Vegas on Black Friday and a loss by Miami on Thursday night, or a win plus a loss by Denver on Monday night. Buffalo can wrap up a fifth straight AFC East title with a victory over San Francisco on Sunday and a loss by the Dolphins. Status quo in Dallas? It's not a given that the Dallas Cowboys will be looking for a new head coach after this season. Owner Jerry Jones said Tuesday on local radio that Mike McCarthy could end up getting a contract extension. "I don't think that's crazy at all. This is a Super Bowl-winning coach. Mike McCarthy has been there and done that. He has great ideas. We got a lot of football left," Jones said. McCarthy led the Cowboys (4-7) to three straight 12-win seasons, but they went 1-3 in the playoffs and haven't reached the NFC championship game since winning the Super Bowl 29 years ago. Injuries have contributed to the team's struggles this season, but Dallas was just 3-5 before Dak Prescott was lost for the rest of the season. The Cowboys upset Washington last week and their next four games are against teams that currently have losing records. If they somehow end up 9-8 or even 8-9, Jones could make a case for keeping McCarthy.
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t0'$ql3"|?CBHҤ _rrbN("%,Unlock the Power of Geostatistics with Datamine’s Studio RM ProMAHWAH, N.J.--(BUSINESS WIRE)--Nov 25, 2024-- KORU Medical Systems (NASDAQ: KRMD) (“KORU Medical” or the “Company”), a leading medical technology company focused on the development, manufacturing, and commercialization of innovative and patient-centric large volume subcutaneous infusion solutions, today announced that the Company will participate in Piper Sandler’s 36 th Annual Healthcare Conference on December 5, 2024. KORU Medical's management is scheduled to present at Piper Sandler’s 36 th Annual Healthcare Conference on December 5, 2024, at 11:00 am ET. Interested parties can access the live and archived webcast on the News/Events page of the Investors section of KORU Medical’s website at www.korumedical.com . About KORU Medical Systems KORU Medical develops, manufactures, and commercializes innovative and patient-centric large volume subcutaneous infusion solutions that improve quality of life for patients around the world. The FREEDOM Syringe Infusion System (“the FREEDOM System”) currently includes the FREEDOM60 ® and FreedomEdge ® Syringe Infusion Drivers, Precision Flow Rate TubingTM and HIgH-Flo Subcutaneous Safety Needle SetsTM. The Freedom System, which received its first FDA clearance in 1994, is used for self-administration in the home by the patient and/or delivery in an ambulatory infusion center by a healthcare professional. Through its Novel Therapies business, KORU Medical provides products for use by biopharmaceutical companies in feasibility/clinical trials during the drug development process and, as needed, is capable of customizing the Freedom System for clinical and commercial use across multiple drug categories. For more information, please visit www.korumedical.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20241125412289/en/ CONTACT: Investor Contact: Greg Chodaczek 347-620-7010 investor@korumedical.com KEYWORD: NEW JERSEY UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: MEDICAL DEVICES HEALTH CLINICAL TRIALS HEALTH TECHNOLOGY MEDICAL SUPPLIES SOURCE: KORU Medical Systems Copyright Business Wire 2024. PUB: 11/25/2024 04:05 PM/DISC: 11/25/2024 04:05 PM http://www.businesswire.com/news/home/20241125412289/en
The battle for control of Bamburi Cement has reached fever pitch, with shareholders racing against time to cast their votes by December 5. At stake is the future of Kenya's leading cement maker, as two formidable bidders vie for supremacy. In one corner is Savanna Clinker, a Kenyan powerhouse led by Benson Sande Ndeta, upping their offer from Sh70 per share in August to Sh76.55 —totaling Sh27.8 billion. In the other is Tanzania’s Amsons Group, headed by CEO Edha Nahdi, equally determined to clinch the deal. Bamburi Cement is expected to reveal the most popular offer by December 20, paving the way for share transfers. Payments to shareholders are slated for February 28, 2025, barring any changes from the Capital Markets Authority (CMA). Under market regulations, bidders retain the right to adjust their offers up to 10 days before the deadline, keeping tensions high as the clock ticks down. According to Ndeta, the offer comes from a patriotic Kenyan who has the best interests of Kenyan companies at heart. He is relying on the backing of Faida Investment Bank which in a statement said that they have sufficient resources to satisfy the maximum amount of cash payable under the offer. “We further confirm that the competing offer will not fail due to insufficient financial capacity of the competing offeror and that every Bamburi shareholder that opts to accept the competing offer shall be paid in full,” said its Managing Director Lucas Otieno in an October 18, 2024, letter to CMA. In the statement, the bank said that they had received a letter from the Global Infrastructure Finance and Development Authority (GIFDA) attesting its commitment to finance the competing offeror’s acquisition of Bamburi cement. “GIFDA, the financier, had made sufficient funding arrangements and has confirmed that the funds are free and unencumbered and are available to Savannah Clinker Limited,” read the statement. “Additionally, Faida has received a statement showing the assets held by GIFDA in Fidelity Investments.” Amsons bid is backed by the Kenya Commercial Bank (KCB) and they have offered to pay Sh65 per share or Sh23.59 billion for a 100 per cent stake in Bamburi through its Kenyan subsidiary and investment vehicle, Amsons Industries (K) Ltd. “According to the offeror’s statement, KCB Investment Bank Ltd, being the transaction advisor and sponsoring stockbroker of Amsons has confirmed that Amsons has sufficient financial resources at its disposal to satisfy the consideration for all shares in Bamburi pursuant to a full acceptance of the offer,” said Bamburi after the Amsons offer. Stay informed. Subscribe to our newsletter Amsons bid recently got regulatory approval from Common Market for Eastern and Southern Africa’s (Comesa) Competition Commission. “The approval is a significant boost to our offer as we continue to engage investors of Bamburi Cement and remain confident that our acquisition bid will be successful as it presents a win-win scenario for the investors and our two countries,” said CEO Nahdi. CMA has already given the green light to shareholders to consider and pick the deal that serves their interests between the two. Asked why they never upped their offer, Ahmed Abdallah from Amsons said that the Sh65 was made after consideration of Bamburi’s market value. “We continue to be very confident that our legitimate offer, which represents a 42 per cent premium on the closing market price of Bamburi Shares at 45.65 KSHs per share, is the best and most competitive offer for Bamburi shareholders.” They promised to pump in Sh51.8 billion to modernise the company’s grinding and clinker plants to ensure its continued growth. Amsons remains confident that shareholders will choose them despite their offer per share being more than Sh11 lower than Savanna’s. On their website, Amsons Group says that since 2000 they have established themselves as a leader in Tanzania, with diversified investments across key sectors including construction, transportation, cement, flour and inland container depots. “We proudly employ over 10,000 Tanzanians, reflecting our dedication to fostering local talent and economic growth.” They also have interests in the oil and gas sector with an over 215 million litres capacity depot. “Our ongoing commitment is to create sustainable employment opportunities and contribute significantly to the nation’s progress.” The company has an annual turnover of Sh130 billion. In the cement world, they run a 6,000-tonne-per-day facility and they recently acquired one of their competitors Mbeya Cement. They also have companies in Malawi, Mozambique, DRC, Zambia and Burundi. In June, Bamburi’s major shareholder Holcim agreed to sell their shares to Amsons but revoked it on October 2 after Savanna’s offer. This came as good news to Savanna as this agreement had locked them out of the race since one needs the backing of at least 60 per cent of total shares to complete the sale. Holcim owns 58.6 per cent of Bamburi through Fincem Holding Ltd (29.3 per cent) and Kencem Holding Ltd (29.3 per cent), which opens the door for them to sell to Savanna. The two are registered in Jersey Island and also share the same address. The remaining is owned by Standard Chartered nominees (15.68 per cent, 0.72 per cent and 2.80 per cent), Aksaya Investment Holdings (11.12 per cent) and SIB (1.11 per cent). Kestrel Capital nominees (0.85 per cent and 0.34 per cent) and APA Insurance Limited (0.29 per cent) while other 4,599 shareholders own 8.48 per cent. Bamburi Cement Ltd Trucks collects cement from a Silo, a storage facility in Industrial area, Nairobi. [Stafford Ondego, Standard] Before the Bamburi offer, Ndeta last year secured Sh65 billion for the construction of a clinker factory in Kitui County Betting on the construction boom that is in the country, Ndeta said that he raised the money through a privately placed debt arrangement and the bond to be regulated at the international exchange. He told the media at the time that he was proud of getting funding from people he said shared his vision and beliefs to deliver growth and development in the construction sector. Ndeta joined billionaire Narendra Raval as a major player seeking to pocket some Sh6.3 billion that factories without grinders pay to import clinker, which is crucial in the manufacturing of cement. Interestingly, Savanna Cement which went under in more than Sh18 billion debt does not have a clinker factory and Ndeta once served as its chairperson. For a man who loves golf which is considered a slow sport and law tennis which is quite a fast-paced game, Ndeta has been in the cement sector for more than 20 years. He started as the Chairman of the now struggling East African Portland Cement Limited in June 2003 when he was appointed by the then Trade Minister Mukhisa Kituyi, serving until June 2008. Ndeta was the majority shareholder of Savanna Cement Limited until November 18, 2022, when his shares were taken over by the banks. The company went into administration on July 21, 2023, under PKF Consulting Kenya partner Peter Kahi after making a net loss of Sh2.5 billion in 2022 and Sh1.07 billion in 2020. By the time it went under, Savanna Cement had made a cumulative loss of Sh7.86 billion. In August 2024, the sale of its assets which were valued at Sh10.9 billion in October 2022, commenced to help compensate some of its creditors. KCB Bank is owed Sh8.89 billion, while Absa Bank is owed Sh5.23 billion. Ndeta said that he has no intentions of delisting Bamburi from the Nairobi Stock Exchange (NSE). On the other hand, Amsons say that if they acquire at least 75 per cent but fewer than 90 per cent of Bamburi shares they may take steps to delist its shares from NSE, subject to corporate and regulatory approvals.
Much has been written in recent decades about the growing influence of money on politics and elections in the United States, including titles such as ‘The Best Congress Money Can Buy and The Best Democracy Money Can Buy’. But has Donald Trump’s victory over Vice-President Kamala Harris, whose campaign had a huge funding advantage, undermined that narrative? In 1835, Alexis de Tocqueville warned of the threat that big money poses to the US system of governance in his book Democracy in America. Wary of the influence of oligarchs and plutocrats, Tocqueville wrote: “The surface of American society is [...] covered with a layer of democracy, from beneath which the old aristocratic colours sometimes peep.” Today, it is the billionaire class leveraging its financial resources to influence elections and policymaking, consolidating more power at the expense of the vast majority of ordinary citizens, further widening America’s wealth inequality, and weakening Americans’ trust in national institutions. The floodgates were opened by Citizens United v Federal Election Commission (2010), in which the Supreme Court reversed campaign-finance restrictions, enabling corporations and other outside groups to “spend unlimited amounts” on elections. The money being channelled into campaigns has since soared, with super PACs (political action committees) raising nearly $4.3bn this year, up from $89mn in 2010. But the vast amount of money that poured into the 2024 race did not have a decisive effect on the outcome. Trump was re-elected despite being outspent by Harris, and GOP interest groups and donors gained a remarkable return on their investment. In addition to winning the presidency, Republicans also retained their majority in the House of Representatives and won back the Senate, giving the party full control of the legislative and executive branches. Many factors contributed to Trump’s resounding victory, with the GOP nominee sweeping all seven highly-contested battleground states. For starters, as he shuttled between courtrooms and campaign stops, his base of conservative support was seemingly unshakable. Trump set new records for the Republican Party, making inroads into unions, which have historically leaned Democratic and kept him competitive in key swing states, and attracting more Black and Latino voters than any other GOP presidential nominee in recent history. Despite her fundraising prowess, Harris faced strong political headwinds, not least the unpopularity of President Joe Biden. Many voters saw the election as a referendum on “Bidenomics”, which they associated with high inflation, the attendant cost-of-living crisis, and erosion of household purchasing power. Even though the US Federal Reserve brought down inflation without triggering a recession – annual real GDP grew by 2.8% in the third quarter of 2024, above the long-run growth rate, and the unemployment rate remained historically low – the Democrats paid the political price for what Trump called a “Kamala Harris inflation tax”. Voters were nostalgic for the economy under the first Trump administration. Real average hourly earnings rose by 6.4% during Trump’s presidency, compared to only 1.4% during Biden’s. Data from the Federal Reserve Bank of Atlanta show that the share of household income needed for housing costs fell under Trump and increased by nearly 50% under Biden. Of course, many forgot that Trump inherited from Barack Obama a strong economy with the longest employment expansion on record. Trump also entered the race leading on several issues that American voters say they care about most – inflation, immigration, and crime. After months of campaigning, Trump was still ahead on all three in the weeks before the election. According to a YouGov poll conducted at the end of October, 49% of Americans thought that Trump would do a better job on immigration, whereas 35% thought Harris would. In a Gallup poll conducted in September, the former president had a nine-point lead over the vice president on the question of who would be a better steward of the economy. Voters also had more confidence in Trump’s ability to handle the Russia-Ukraine war and the Gaza war, with 70% believing that he has experience in foreign affairs. But that is not to discount the power of ultra-rich donors. Trump returns to the White House at a time when the US is deeply divided and highly unequal – more so than at any time since the post-Civil War era. The increasing influence of wealthy individuals and groups over the electoral process and policymaking has undoubtedly contributed to this widening gap between rich and poor. The wealth of the top 1% of US households grew from 36 times to 71 times that of those at the 50th percentile over the past 60 years, and now exceeds the wealth of the middle 60% of households. Economic and political inequalities are closely related. The surging power of the extremely wealthy minority has left most Americans poor and voiceless, fuelling class-based discontent. Bridging this divide may require breaking the chains that have kept policymakers beholden to the donor class for decades and undertaking a democratic shift toward broad-based accountability and more inclusive policies that strengthen individual agency, expand economic opportunities, and improve the income distribution. More than increasing the rate of upward mobility, these policies will rekindle the American dream and foster social cohesion. The future of our democracy and shared prosperity depends on steps that upcoming administrations must take to rebuild trust in our institutions and create a fairer distribution of political and economic power. As former US Supreme Court justice Louis Brandeis put it: “We must make our choice. We may have democracy, or we may have wealth concentrated in the hands of a few, but we can’t have both.” — Project Syndicate •Hippolyte Fofack, a former chief economist and director of research at the African Export-Import Bank, is a fellow with the Sustainable Development Solutions Network at Columbia University, a research associate at Harvard University’s Center for African Studies, and a fellow of the African Academy of Sciences. Related Story Qatar establishes WEF's Centre for Fourth Industrial Revolution 61 countries to compete in 8th Katara Award for Reciting Holy Qur’an
Tens of thousands of Spaniards protest housing crunch and high rents in BarcelonaSANTA CLARA, Calif.--(BUSINESS WIRE)--Nov 25, 2024-- Astera Labs (Nasdaq: ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced its participation in the following financial conferences: Webcasts of these sessions will be available on Astera Labs’ investor relations website at https://ir.asteralabs.com About Astera Labs Astera Labs is a global leader in purpose-built connectivity solutions that unlock the full potential of AI and cloud infrastructure. Our Intelligent Connectivity Platform integrates PCIe®, CXL®, and Ethernet semiconductor-based solutions and the COSMOS software suite of system management and optimization tools to deliver a software-defined architecture that is both scalable and customizable. Inspired by trusted relationships with hyperscalers and the data center ecosystem, we are an innovation leader delivering products that are flexible and interoperable. Discover how we are transforming modern data-driven applications at www.asteralabs.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20241125320690/en/ CONTACT: IR CONTACT: Leslie Green leslie.green@asteralabs.com KEYWORD: CALIFORNIA NEW YORK ARIZONA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SEMICONDUCTOR DATA MANAGEMENT TECHNOLOGY NETWORKS ARTIFICIAL INTELLIGENCE HARDWARE SOURCE: Astera Labs Copyright Business Wire 2024. PUB: 11/25/2024 04:05 PM/DISC: 11/25/2024 04:05 PM http://www.businesswire.com/news/home/20241125320690/enDaniel Jones is free to sign with any NFL team after clearing waivers on Monday, which also means the team that signs the former New York Giants quarterback won't be on the hook for the nearly $12 million that was remaining on his contract this year or his $23 million injury guarantee. Jones was released at his request by the Giants on Saturday after the former first-round pick was benched last week. He reportedly wants to join a contender, and there are expected to be multiple teams interested. The two teams reported to have the most initial interest in Jones are also being offered as the most likely to sign him by one sportsbook. The Baltimore Ravens currently have journeyman backup Josh Johnson behind starting quarterback Lamar Jackson. Jones would potentially provide a third option, and one whose mobility could make him an intriguing fit in offensive coordinator Todd Monken's system The Ravens were installed as the 2/1 favorites to land Jones ahead of the Minnesota Vikings (5/2), who have veterans Nick Mullens and Brett Rypien behind starter Sam Darnold. They would likely view Jones as an upgrade. "I really can't get into too much about any short-term or long-term," Vikings coach Kevin O'Connell said Monday when asked about Jones, per ESPN's Adam Schefter. "I can just say that I've been a big fan of Daniel's for a long time and I hope wherever his next step takes him, it's a good opportunity for him." The Las Vegas Raiders (5/1) don't fall into the category of contenders after falling to 2-9 amid a seven-game losing streak. However, they could provide the most immediate opportunity to play with Gardner Minshew suffering a season-ending broken collarbone on Sunday that is expected to end his season. Second-year quarterback Aidan O'Connell is close to returning from a thumb injury, but coach Antonio Pierce acknowledged after Sunday's game that, "We're going to need somebody, right?" If O'Connell isn't ready to face the Kansas City Chiefs on Black Friday, Desmond Ridder is expected to get the start. The Dallas Cowboys (7/1) would fall into a similar category, with Dak Prescott out for the season following hamstring surgery and being replaced by Cooper Rush. Another intriguing possibility lies with Detroit, where the 10-1 Lions' offense is rolling with Jared Goff at the helm. However, should he go down to injury the only other quarterback on the roster is rookie Hendon Hooker. That has contributed to the Lions having 7/1 odds to sign Jones. DANIEL JONES NEXT TEAM ODDS* Baltimore Ravens (2/1) Minnesota Vikings (5/2) Las Vegas Raiders (5/1) Dallas Cowboys (7/1) Detroit Lions (7/1) Miami Dolphins (7/1) San Francisco 49ers (8/1) Carolina Panthers (10/1) Seattle Seahawks (16/1) Indianapolis Colts (20/1) New England Patriots (25/1) New Orleans Saints (25/1) New York Jets (25/1) Tennessee Titans (25/1) Atlanta Falcons (28/1) Arizona Cardinals (33/1) Chicago Bears (33/1) Cleveland Browns (33/1) Denver Broncos (33/1) Jacksonville Jaguars (40/1) Los Angeles Chargers (50/1) Los Angeles Rams (50/1) Pittsburgh Steelers (50/1) Tampa Bay Buccaneers (50/1) Washington Commanders (50/1) Cincinnati Bengals (66/1) Green Bay Packers (66/1) Houston Texans (66/1) Philadelphia Eagles (66/1) Buffalo Bills (75/1) Kansas City Chiefs (75/1) Any CFL Team (80/1) Any XFL Team (80/1) *Odds provided by SportsBetting.ag are for entertainment purposes only. --Field Level MediaIsrael and Lebanon's Hezbollah agree to a ceasefire to end nearly 14 months of fighting JERUSALEM (AP) — Israel has approved a United States-brokered ceasefire agreement with Lebanon’s Hezbollah, setting the stage for an end to nearly 14 months of fighting linked to the ongoing war in the Gaza Strip. Israeli warplanes meanwhile carried out the most intense wave of strikes in Beirut and its southern suburbs since the start of the conflict and issued a record number of evacuation warnings. At least 24 people were killed in strikes across the country, according to local authorities, as Israel signaled it aims to keep pummeling Hezbollah before the ceasefire is set to take hold at 4 a.m. local time on Wednesday. President Joe Biden, speaking in Washington, called the agreement “good news” and said his administration would make a renewed push for a ceasefire in Gaza. AP finds that a Pentagon-funded study on extremism in the military relied on old data Early this year, Pete Hegseth told a Fox News audience a new, Pentagon-funded study proved that the number of military service members and veterans involved in the Jan. 6 insurrection did not indicate a wider problem in the armed forces. Hegseth, Donald Trump's pick to head the Department of Defense, wasn’t alone. The Wall Street Journal’s opinion page highlighted the same report as evidence that extremists in military communities were “phantoms” created by a “false media narrative.” The X account for Republicans on the House Armed Services Committee posted that the study showed the focus on extremism in the military was a “witch hunt.” But The Associated Press has found that the study relied on old data, misleading analyses and ignored evidence that pointed to the opposite conclusion. Trump's threat to impose tariffs could raise prices for consumers, colliding with promise for relief DETROIT (AP) — If Donald Trump makes good on his threat to slap 25% tariffs on everything imported from Mexico and Canada, the price increases that could follow will collide with his campaign promise to give American families a break from inflation. Economists and industry officials say companies would have little choice but to pass along the added costs, dramatically raising prices for food, clothing, automobiles, booze and other goods. The president-elect floated the tariff idea and an additional 10% tax on goods from China, as a way to force the countries to halt the flow of illegal immigrants and drugs into the U.S. But his posts Monday threatening tariffs on his first day in office could be a negotiating ploy to get the countries to change behavior. Mexico suggests it would impose its own tariffs to retaliate against any Trump tariffs MEXICO CITY (AP) — Mexican President Claudia Sheinbaum has suggested Mexico could retaliate with tariffs of its own, after U.S. President-elect Donald Trump threatened to impose 25% tariffs on Mexican goods if the country doesn’t stop the flow of drugs and migrants across the border. Sheinbaum says she is willing to engage in talks on the issues, but said drugs were a U.S. problem. She says "one tariff would be followed by another in response, and so on until we put at risk common businesses,” referring to U.S. automakers that have plants on both sides of the border. After delay, Trump signs agreement with Biden White House to begin formal transition handoff WASHINGTON (AP) — President-elect Donald Trump on Tuesday signed a required agreement with President Joe Biden’s White House to allow his transition team to coordinate with the existing federal workforce ahead of taking office on Jan. 20. The overdue agreement was supposed to have been signed by Oct. 1, according to the Presidential Transition Act, and the Biden White House has issued appeals in both public and private for Trump’s team to sign on. The agreement is a critical step in the process meant to ensure an orderly transfer of power at noon on Jan. 20 and limits the risk that the Trump team could find itself taking control of the massive federal government without being aware of ongoing programs and operations. Brazil’s Bolsonaro participated in a 2022 coup plot, unsealed police report says SAO PAULO (AP) — Brazil’s former far-right President Jair Bolsonaro was fully aware of and actively participated in a coup plot to remain in office after his defeat in the 2022 election, according to a Federal Police report that has been unsealed. Brazil’s Federal Police last Thursday formally accused Bolsonaro and 36 other people of attempting a coup. They sent their nearly 900-page report to the Supreme Court, which lifted the seal. Bolsonaro has repeatedly denied any wrongdoing or awareness of any plot to keep him in power or oust his leftist rival and successor, Luiz Inácio Lula da Silva. Biden proposes Medicare and Medicaid cover costly weight-loss drugs for millions of obese Americans WASHINGTON (AP) — Millions of obese Americans would be eligible to have popular weight-loss drugs like Wegovy or Zepbound covered by Medicare or Medicaid under a new rule the Biden administration proposed Tuesday morning. The proposal, which would not be finalized until after President-elect Donald Trump takes office, could cost taxpayers as much as $35 billion over the next decade. It would give millions of people access to weekly injectables that have helped people shed pounds so quickly that some people have labeled them miracle drugs. New rule allows HIV-positive organ transplants People with HIV who need a kidney or liver transplant will be able to receive an organ from a donor with HIV. That's according to a new rule announced Tuesday by U.S. health officials. Previously, such transplants could be done only as part of research studies. The new rule takes effect Wednesday. It's expected to shorten the wait for organs for all, regardless of HIV status, by increasing the pool of available organs. The practice is supported by a decade of research, during which 500 transplants of kidneys and livers from HIV-positive donors have been done in the U.S. Surveillance tech advances by Biden could aid in Trump's promised crackdown on immigration President-elect Donald Trump will return to power next year with a raft of technological tools at his disposal that would help deliver his campaign promise of cracking down on immigration — among them, surveillance and artificial intelligence technology that the Biden administration already uses to help make crucial decisions in tracking, detaining and ultimately deporting immigrants lacking permanent legal status. One algorithm, for example, ranks immigrants with a “Hurricane Score,” ranging from 1-5, to assess whether someone will “abscond” from the agency’s supervision. Ukraine says Russian attack sets a new record for the number of drones used KYIV, Ukraine (AP) — The Ukrainian air force says Russia launched 188 drones against most regions of Ukraine in a nighttime blitz, describing it as a record number of drones deployed in a single attack. It said Tuesday that most of the drones were intercepted, but apartment buildings and critical infrastructure such as the national power grid were damaged. No casualties were immediately reported in the 17 targeted regions. Russia has been hammering civilian areas of Ukraine with increasingly heavy drone, missile and glide bomb attacks since the middle of the year. The Russian Defense Ministry, meanwhile, issued a rare official acknowledgement of its assets being hit on its own soil by U.S.-made longer-range missiles that the U.S. recently authorized Ukraine to use.
Saquon Barkley has become the Shohei Ohtani of the NFL. There's no better home run hitter playing football right now. Barkley had touchdown runs of 72 and 70 yards for the Philadelphia Eagles in a 37-20 victory over the Los Angeles Rams on Sunday night. He now has five runs of 50-plus yards this season and is on pace to break Eric Dickerson's single-season record of 2,105 yards set in 1984. Barkley's historic performance against the Rams — his 255 yards set a team record — captivated a national audience and turned him into a fan favorite for the AP NFL MVP award. He's not the betting favorite, however. Josh Allen has the best odds at plus-150, according to Bet MGM Sportsbook. Two-time MVP Lamar Jackson is next at plus-250 followed by Barkley at plus-400. Running backs have won the award 18 times, including three-time winner Jim Brown, who was the AP's first NFL MVP in 1957. Quarterbacks have dominated the award, winning it 45 times. Only three players who weren't QBs or RBs have been MVP. It takes a special season for a non-QB to win it mainly because the offense goes through the signal caller. Quarterbacks handle the ball every offensive snap, run the show and get the credit when things go well and the blame when it doesn't. Adrian Peterson was the most recent non-QB to win it when he ran for 2,097 yards and 12 touchdowns for the Minnesota Vikings in 2012. Playing for a winning team matters, too. Nine of the past 11 winners played for a No. 1 seed with the other two winners on a No. 2 seed. The Vikings earned the sixth seed when Pederson was MVP. Barkley is a major reason why the Eagles (9-2) are leading the NFC East and only trail Detroit (10-1) by one game for the top spot in the conference. Does he have a realistic chance to win the MVP award? Kicker Mark Moseley was the MVP in the strike-shortened 1982 season when he made 20 of 21 field goals and 16 of 19 extra points in nine games for Washington. If voters once selected a kicker, everyone has a chance, especially a game-changer such as Barkley. Defensive tackle Alan Page was the MVP in 1971 and linebacker Lawrence Taylor won it in 1986. Running back Christian McCaffrey finished third in voting last year and wide receiver Justin Jefferson placed fifth in 2022. The Offensive Player of the Year award and Defensive Player of the Year award recognize the best all-around players on both sides of the ball, allowing voters to recognize non-QBs if they choose. Wide receivers and running backs have won the AP OPOY award seven times over the past 11 seasons. McCaffrey was the 2023 winner. The AP's new voting format introduced in 2022 also gives non-QBs a better opportunity to get MVP recognition. Voter submit their top five picks for each award, with a weighted point system. Previously, voters made one choice for each award. A nationwide panel of 50 media members who regularly cover the league vote for MVP and seven other awards. The awards are based on regular-season performance. Clinching scenarios The Chiefs (10-1) and Bills (9-2) already are in position to lock up postseason berths right after Thanksgiving. Kansas City clinches a playoff berth with a win over Las Vegas on Black Friday and a loss by Miami on Thursday night, or a win plus a loss by Denver on Monday night. Buffalo can wrap up a fifth straight AFC East title with a victory over San Francisco on Sunday and a loss by the Dolphins. Status quo in Dallas? It's not a given that the Dallas Cowboys will be looking for a new head coach after this season. Owner Jerry Jones said Tuesday on local radio that Mike McCarthy could end up getting a contract extension. "I don't think that's crazy at all. This is a Super Bowl-winning coach. Mike McCarthy has been there and done that. He has great ideas. We got a lot of football left," Jones said. McCarthy led the Cowboys (4-7) to three straight 12-win seasons, but they went 1-3 in the playoffs and haven't reached the NFC championship game since winning the Super Bowl 29 years ago. Injuries have contributed to the team's struggles this season, but Dallas was just 3-5 before Dak Prescott was lost for the rest of the season. The Cowboys upset Washington last week and their next four games are against teams that currently have losing records. If they somehow end up 9-8 or even 8-9, Jones could make a case for keeping McCarthy.
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t0'$ql3"|?CBHҤ _rrbN("%,Unlock the Power of Geostatistics with Datamine’s Studio RM ProMAHWAH, N.J.--(BUSINESS WIRE)--Nov 25, 2024-- KORU Medical Systems (NASDAQ: KRMD) (“KORU Medical” or the “Company”), a leading medical technology company focused on the development, manufacturing, and commercialization of innovative and patient-centric large volume subcutaneous infusion solutions, today announced that the Company will participate in Piper Sandler’s 36 th Annual Healthcare Conference on December 5, 2024. KORU Medical's management is scheduled to present at Piper Sandler’s 36 th Annual Healthcare Conference on December 5, 2024, at 11:00 am ET. Interested parties can access the live and archived webcast on the News/Events page of the Investors section of KORU Medical’s website at www.korumedical.com . About KORU Medical Systems KORU Medical develops, manufactures, and commercializes innovative and patient-centric large volume subcutaneous infusion solutions that improve quality of life for patients around the world. The FREEDOM Syringe Infusion System (“the FREEDOM System”) currently includes the FREEDOM60 ® and FreedomEdge ® Syringe Infusion Drivers, Precision Flow Rate TubingTM and HIgH-Flo Subcutaneous Safety Needle SetsTM. The Freedom System, which received its first FDA clearance in 1994, is used for self-administration in the home by the patient and/or delivery in an ambulatory infusion center by a healthcare professional. Through its Novel Therapies business, KORU Medical provides products for use by biopharmaceutical companies in feasibility/clinical trials during the drug development process and, as needed, is capable of customizing the Freedom System for clinical and commercial use across multiple drug categories. For more information, please visit www.korumedical.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20241125412289/en/ CONTACT: Investor Contact: Greg Chodaczek 347-620-7010 investor@korumedical.com KEYWORD: NEW JERSEY UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: MEDICAL DEVICES HEALTH CLINICAL TRIALS HEALTH TECHNOLOGY MEDICAL SUPPLIES SOURCE: KORU Medical Systems Copyright Business Wire 2024. PUB: 11/25/2024 04:05 PM/DISC: 11/25/2024 04:05 PM http://www.businesswire.com/news/home/20241125412289/en
The battle for control of Bamburi Cement has reached fever pitch, with shareholders racing against time to cast their votes by December 5. At stake is the future of Kenya's leading cement maker, as two formidable bidders vie for supremacy. In one corner is Savanna Clinker, a Kenyan powerhouse led by Benson Sande Ndeta, upping their offer from Sh70 per share in August to Sh76.55 —totaling Sh27.8 billion. In the other is Tanzania’s Amsons Group, headed by CEO Edha Nahdi, equally determined to clinch the deal. Bamburi Cement is expected to reveal the most popular offer by December 20, paving the way for share transfers. Payments to shareholders are slated for February 28, 2025, barring any changes from the Capital Markets Authority (CMA). Under market regulations, bidders retain the right to adjust their offers up to 10 days before the deadline, keeping tensions high as the clock ticks down. According to Ndeta, the offer comes from a patriotic Kenyan who has the best interests of Kenyan companies at heart. He is relying on the backing of Faida Investment Bank which in a statement said that they have sufficient resources to satisfy the maximum amount of cash payable under the offer. “We further confirm that the competing offer will not fail due to insufficient financial capacity of the competing offeror and that every Bamburi shareholder that opts to accept the competing offer shall be paid in full,” said its Managing Director Lucas Otieno in an October 18, 2024, letter to CMA. In the statement, the bank said that they had received a letter from the Global Infrastructure Finance and Development Authority (GIFDA) attesting its commitment to finance the competing offeror’s acquisition of Bamburi cement. “GIFDA, the financier, had made sufficient funding arrangements and has confirmed that the funds are free and unencumbered and are available to Savannah Clinker Limited,” read the statement. “Additionally, Faida has received a statement showing the assets held by GIFDA in Fidelity Investments.” Amsons bid is backed by the Kenya Commercial Bank (KCB) and they have offered to pay Sh65 per share or Sh23.59 billion for a 100 per cent stake in Bamburi through its Kenyan subsidiary and investment vehicle, Amsons Industries (K) Ltd. “According to the offeror’s statement, KCB Investment Bank Ltd, being the transaction advisor and sponsoring stockbroker of Amsons has confirmed that Amsons has sufficient financial resources at its disposal to satisfy the consideration for all shares in Bamburi pursuant to a full acceptance of the offer,” said Bamburi after the Amsons offer. Stay informed. Subscribe to our newsletter Amsons bid recently got regulatory approval from Common Market for Eastern and Southern Africa’s (Comesa) Competition Commission. “The approval is a significant boost to our offer as we continue to engage investors of Bamburi Cement and remain confident that our acquisition bid will be successful as it presents a win-win scenario for the investors and our two countries,” said CEO Nahdi. CMA has already given the green light to shareholders to consider and pick the deal that serves their interests between the two. Asked why they never upped their offer, Ahmed Abdallah from Amsons said that the Sh65 was made after consideration of Bamburi’s market value. “We continue to be very confident that our legitimate offer, which represents a 42 per cent premium on the closing market price of Bamburi Shares at 45.65 KSHs per share, is the best and most competitive offer for Bamburi shareholders.” They promised to pump in Sh51.8 billion to modernise the company’s grinding and clinker plants to ensure its continued growth. Amsons remains confident that shareholders will choose them despite their offer per share being more than Sh11 lower than Savanna’s. On their website, Amsons Group says that since 2000 they have established themselves as a leader in Tanzania, with diversified investments across key sectors including construction, transportation, cement, flour and inland container depots. “We proudly employ over 10,000 Tanzanians, reflecting our dedication to fostering local talent and economic growth.” They also have interests in the oil and gas sector with an over 215 million litres capacity depot. “Our ongoing commitment is to create sustainable employment opportunities and contribute significantly to the nation’s progress.” The company has an annual turnover of Sh130 billion. In the cement world, they run a 6,000-tonne-per-day facility and they recently acquired one of their competitors Mbeya Cement. They also have companies in Malawi, Mozambique, DRC, Zambia and Burundi. In June, Bamburi’s major shareholder Holcim agreed to sell their shares to Amsons but revoked it on October 2 after Savanna’s offer. This came as good news to Savanna as this agreement had locked them out of the race since one needs the backing of at least 60 per cent of total shares to complete the sale. Holcim owns 58.6 per cent of Bamburi through Fincem Holding Ltd (29.3 per cent) and Kencem Holding Ltd (29.3 per cent), which opens the door for them to sell to Savanna. The two are registered in Jersey Island and also share the same address. The remaining is owned by Standard Chartered nominees (15.68 per cent, 0.72 per cent and 2.80 per cent), Aksaya Investment Holdings (11.12 per cent) and SIB (1.11 per cent). Kestrel Capital nominees (0.85 per cent and 0.34 per cent) and APA Insurance Limited (0.29 per cent) while other 4,599 shareholders own 8.48 per cent. Bamburi Cement Ltd Trucks collects cement from a Silo, a storage facility in Industrial area, Nairobi. [Stafford Ondego, Standard] Before the Bamburi offer, Ndeta last year secured Sh65 billion for the construction of a clinker factory in Kitui County Betting on the construction boom that is in the country, Ndeta said that he raised the money through a privately placed debt arrangement and the bond to be regulated at the international exchange. He told the media at the time that he was proud of getting funding from people he said shared his vision and beliefs to deliver growth and development in the construction sector. Ndeta joined billionaire Narendra Raval as a major player seeking to pocket some Sh6.3 billion that factories without grinders pay to import clinker, which is crucial in the manufacturing of cement. Interestingly, Savanna Cement which went under in more than Sh18 billion debt does not have a clinker factory and Ndeta once served as its chairperson. For a man who loves golf which is considered a slow sport and law tennis which is quite a fast-paced game, Ndeta has been in the cement sector for more than 20 years. He started as the Chairman of the now struggling East African Portland Cement Limited in June 2003 when he was appointed by the then Trade Minister Mukhisa Kituyi, serving until June 2008. Ndeta was the majority shareholder of Savanna Cement Limited until November 18, 2022, when his shares were taken over by the banks. The company went into administration on July 21, 2023, under PKF Consulting Kenya partner Peter Kahi after making a net loss of Sh2.5 billion in 2022 and Sh1.07 billion in 2020. By the time it went under, Savanna Cement had made a cumulative loss of Sh7.86 billion. In August 2024, the sale of its assets which were valued at Sh10.9 billion in October 2022, commenced to help compensate some of its creditors. KCB Bank is owed Sh8.89 billion, while Absa Bank is owed Sh5.23 billion. Ndeta said that he has no intentions of delisting Bamburi from the Nairobi Stock Exchange (NSE). On the other hand, Amsons say that if they acquire at least 75 per cent but fewer than 90 per cent of Bamburi shares they may take steps to delist its shares from NSE, subject to corporate and regulatory approvals.
Much has been written in recent decades about the growing influence of money on politics and elections in the United States, including titles such as ‘The Best Congress Money Can Buy and The Best Democracy Money Can Buy’. But has Donald Trump’s victory over Vice-President Kamala Harris, whose campaign had a huge funding advantage, undermined that narrative? In 1835, Alexis de Tocqueville warned of the threat that big money poses to the US system of governance in his book Democracy in America. Wary of the influence of oligarchs and plutocrats, Tocqueville wrote: “The surface of American society is [...] covered with a layer of democracy, from beneath which the old aristocratic colours sometimes peep.” Today, it is the billionaire class leveraging its financial resources to influence elections and policymaking, consolidating more power at the expense of the vast majority of ordinary citizens, further widening America’s wealth inequality, and weakening Americans’ trust in national institutions. The floodgates were opened by Citizens United v Federal Election Commission (2010), in which the Supreme Court reversed campaign-finance restrictions, enabling corporations and other outside groups to “spend unlimited amounts” on elections. The money being channelled into campaigns has since soared, with super PACs (political action committees) raising nearly $4.3bn this year, up from $89mn in 2010. But the vast amount of money that poured into the 2024 race did not have a decisive effect on the outcome. Trump was re-elected despite being outspent by Harris, and GOP interest groups and donors gained a remarkable return on their investment. In addition to winning the presidency, Republicans also retained their majority in the House of Representatives and won back the Senate, giving the party full control of the legislative and executive branches. Many factors contributed to Trump’s resounding victory, with the GOP nominee sweeping all seven highly-contested battleground states. For starters, as he shuttled between courtrooms and campaign stops, his base of conservative support was seemingly unshakable. Trump set new records for the Republican Party, making inroads into unions, which have historically leaned Democratic and kept him competitive in key swing states, and attracting more Black and Latino voters than any other GOP presidential nominee in recent history. Despite her fundraising prowess, Harris faced strong political headwinds, not least the unpopularity of President Joe Biden. Many voters saw the election as a referendum on “Bidenomics”, which they associated with high inflation, the attendant cost-of-living crisis, and erosion of household purchasing power. Even though the US Federal Reserve brought down inflation without triggering a recession – annual real GDP grew by 2.8% in the third quarter of 2024, above the long-run growth rate, and the unemployment rate remained historically low – the Democrats paid the political price for what Trump called a “Kamala Harris inflation tax”. Voters were nostalgic for the economy under the first Trump administration. Real average hourly earnings rose by 6.4% during Trump’s presidency, compared to only 1.4% during Biden’s. Data from the Federal Reserve Bank of Atlanta show that the share of household income needed for housing costs fell under Trump and increased by nearly 50% under Biden. Of course, many forgot that Trump inherited from Barack Obama a strong economy with the longest employment expansion on record. Trump also entered the race leading on several issues that American voters say they care about most – inflation, immigration, and crime. After months of campaigning, Trump was still ahead on all three in the weeks before the election. According to a YouGov poll conducted at the end of October, 49% of Americans thought that Trump would do a better job on immigration, whereas 35% thought Harris would. In a Gallup poll conducted in September, the former president had a nine-point lead over the vice president on the question of who would be a better steward of the economy. Voters also had more confidence in Trump’s ability to handle the Russia-Ukraine war and the Gaza war, with 70% believing that he has experience in foreign affairs. But that is not to discount the power of ultra-rich donors. Trump returns to the White House at a time when the US is deeply divided and highly unequal – more so than at any time since the post-Civil War era. The increasing influence of wealthy individuals and groups over the electoral process and policymaking has undoubtedly contributed to this widening gap between rich and poor. The wealth of the top 1% of US households grew from 36 times to 71 times that of those at the 50th percentile over the past 60 years, and now exceeds the wealth of the middle 60% of households. Economic and political inequalities are closely related. The surging power of the extremely wealthy minority has left most Americans poor and voiceless, fuelling class-based discontent. Bridging this divide may require breaking the chains that have kept policymakers beholden to the donor class for decades and undertaking a democratic shift toward broad-based accountability and more inclusive policies that strengthen individual agency, expand economic opportunities, and improve the income distribution. More than increasing the rate of upward mobility, these policies will rekindle the American dream and foster social cohesion. The future of our democracy and shared prosperity depends on steps that upcoming administrations must take to rebuild trust in our institutions and create a fairer distribution of political and economic power. As former US Supreme Court justice Louis Brandeis put it: “We must make our choice. We may have democracy, or we may have wealth concentrated in the hands of a few, but we can’t have both.” — Project Syndicate •Hippolyte Fofack, a former chief economist and director of research at the African Export-Import Bank, is a fellow with the Sustainable Development Solutions Network at Columbia University, a research associate at Harvard University’s Center for African Studies, and a fellow of the African Academy of Sciences. Related Story Qatar establishes WEF's Centre for Fourth Industrial Revolution 61 countries to compete in 8th Katara Award for Reciting Holy Qur’an
Tens of thousands of Spaniards protest housing crunch and high rents in BarcelonaSANTA CLARA, Calif.--(BUSINESS WIRE)--Nov 25, 2024-- Astera Labs (Nasdaq: ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced its participation in the following financial conferences: Webcasts of these sessions will be available on Astera Labs’ investor relations website at https://ir.asteralabs.com About Astera Labs Astera Labs is a global leader in purpose-built connectivity solutions that unlock the full potential of AI and cloud infrastructure. Our Intelligent Connectivity Platform integrates PCIe®, CXL®, and Ethernet semiconductor-based solutions and the COSMOS software suite of system management and optimization tools to deliver a software-defined architecture that is both scalable and customizable. Inspired by trusted relationships with hyperscalers and the data center ecosystem, we are an innovation leader delivering products that are flexible and interoperable. Discover how we are transforming modern data-driven applications at www.asteralabs.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20241125320690/en/ CONTACT: IR CONTACT: Leslie Green leslie.green@asteralabs.com KEYWORD: CALIFORNIA NEW YORK ARIZONA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SEMICONDUCTOR DATA MANAGEMENT TECHNOLOGY NETWORKS ARTIFICIAL INTELLIGENCE HARDWARE SOURCE: Astera Labs Copyright Business Wire 2024. PUB: 11/25/2024 04:05 PM/DISC: 11/25/2024 04:05 PM http://www.businesswire.com/news/home/20241125320690/enDaniel Jones is free to sign with any NFL team after clearing waivers on Monday, which also means the team that signs the former New York Giants quarterback won't be on the hook for the nearly $12 million that was remaining on his contract this year or his $23 million injury guarantee. Jones was released at his request by the Giants on Saturday after the former first-round pick was benched last week. He reportedly wants to join a contender, and there are expected to be multiple teams interested. The two teams reported to have the most initial interest in Jones are also being offered as the most likely to sign him by one sportsbook. The Baltimore Ravens currently have journeyman backup Josh Johnson behind starting quarterback Lamar Jackson. Jones would potentially provide a third option, and one whose mobility could make him an intriguing fit in offensive coordinator Todd Monken's system The Ravens were installed as the 2/1 favorites to land Jones ahead of the Minnesota Vikings (5/2), who have veterans Nick Mullens and Brett Rypien behind starter Sam Darnold. They would likely view Jones as an upgrade. "I really can't get into too much about any short-term or long-term," Vikings coach Kevin O'Connell said Monday when asked about Jones, per ESPN's Adam Schefter. "I can just say that I've been a big fan of Daniel's for a long time and I hope wherever his next step takes him, it's a good opportunity for him." The Las Vegas Raiders (5/1) don't fall into the category of contenders after falling to 2-9 amid a seven-game losing streak. However, they could provide the most immediate opportunity to play with Gardner Minshew suffering a season-ending broken collarbone on Sunday that is expected to end his season. Second-year quarterback Aidan O'Connell is close to returning from a thumb injury, but coach Antonio Pierce acknowledged after Sunday's game that, "We're going to need somebody, right?" If O'Connell isn't ready to face the Kansas City Chiefs on Black Friday, Desmond Ridder is expected to get the start. The Dallas Cowboys (7/1) would fall into a similar category, with Dak Prescott out for the season following hamstring surgery and being replaced by Cooper Rush. Another intriguing possibility lies with Detroit, where the 10-1 Lions' offense is rolling with Jared Goff at the helm. However, should he go down to injury the only other quarterback on the roster is rookie Hendon Hooker. That has contributed to the Lions having 7/1 odds to sign Jones. DANIEL JONES NEXT TEAM ODDS* Baltimore Ravens (2/1) Minnesota Vikings (5/2) Las Vegas Raiders (5/1) Dallas Cowboys (7/1) Detroit Lions (7/1) Miami Dolphins (7/1) San Francisco 49ers (8/1) Carolina Panthers (10/1) Seattle Seahawks (16/1) Indianapolis Colts (20/1) New England Patriots (25/1) New Orleans Saints (25/1) New York Jets (25/1) Tennessee Titans (25/1) Atlanta Falcons (28/1) Arizona Cardinals (33/1) Chicago Bears (33/1) Cleveland Browns (33/1) Denver Broncos (33/1) Jacksonville Jaguars (40/1) Los Angeles Chargers (50/1) Los Angeles Rams (50/1) Pittsburgh Steelers (50/1) Tampa Bay Buccaneers (50/1) Washington Commanders (50/1) Cincinnati Bengals (66/1) Green Bay Packers (66/1) Houston Texans (66/1) Philadelphia Eagles (66/1) Buffalo Bills (75/1) Kansas City Chiefs (75/1) Any CFL Team (80/1) Any XFL Team (80/1) *Odds provided by SportsBetting.ag are for entertainment purposes only. --Field Level MediaIsrael and Lebanon's Hezbollah agree to a ceasefire to end nearly 14 months of fighting JERUSALEM (AP) — Israel has approved a United States-brokered ceasefire agreement with Lebanon’s Hezbollah, setting the stage for an end to nearly 14 months of fighting linked to the ongoing war in the Gaza Strip. Israeli warplanes meanwhile carried out the most intense wave of strikes in Beirut and its southern suburbs since the start of the conflict and issued a record number of evacuation warnings. At least 24 people were killed in strikes across the country, according to local authorities, as Israel signaled it aims to keep pummeling Hezbollah before the ceasefire is set to take hold at 4 a.m. local time on Wednesday. President Joe Biden, speaking in Washington, called the agreement “good news” and said his administration would make a renewed push for a ceasefire in Gaza. AP finds that a Pentagon-funded study on extremism in the military relied on old data Early this year, Pete Hegseth told a Fox News audience a new, Pentagon-funded study proved that the number of military service members and veterans involved in the Jan. 6 insurrection did not indicate a wider problem in the armed forces. Hegseth, Donald Trump's pick to head the Department of Defense, wasn’t alone. The Wall Street Journal’s opinion page highlighted the same report as evidence that extremists in military communities were “phantoms” created by a “false media narrative.” The X account for Republicans on the House Armed Services Committee posted that the study showed the focus on extremism in the military was a “witch hunt.” But The Associated Press has found that the study relied on old data, misleading analyses and ignored evidence that pointed to the opposite conclusion. Trump's threat to impose tariffs could raise prices for consumers, colliding with promise for relief DETROIT (AP) — If Donald Trump makes good on his threat to slap 25% tariffs on everything imported from Mexico and Canada, the price increases that could follow will collide with his campaign promise to give American families a break from inflation. Economists and industry officials say companies would have little choice but to pass along the added costs, dramatically raising prices for food, clothing, automobiles, booze and other goods. The president-elect floated the tariff idea and an additional 10% tax on goods from China, as a way to force the countries to halt the flow of illegal immigrants and drugs into the U.S. But his posts Monday threatening tariffs on his first day in office could be a negotiating ploy to get the countries to change behavior. Mexico suggests it would impose its own tariffs to retaliate against any Trump tariffs MEXICO CITY (AP) — Mexican President Claudia Sheinbaum has suggested Mexico could retaliate with tariffs of its own, after U.S. President-elect Donald Trump threatened to impose 25% tariffs on Mexican goods if the country doesn’t stop the flow of drugs and migrants across the border. Sheinbaum says she is willing to engage in talks on the issues, but said drugs were a U.S. problem. She says "one tariff would be followed by another in response, and so on until we put at risk common businesses,” referring to U.S. automakers that have plants on both sides of the border. After delay, Trump signs agreement with Biden White House to begin formal transition handoff WASHINGTON (AP) — President-elect Donald Trump on Tuesday signed a required agreement with President Joe Biden’s White House to allow his transition team to coordinate with the existing federal workforce ahead of taking office on Jan. 20. The overdue agreement was supposed to have been signed by Oct. 1, according to the Presidential Transition Act, and the Biden White House has issued appeals in both public and private for Trump’s team to sign on. The agreement is a critical step in the process meant to ensure an orderly transfer of power at noon on Jan. 20 and limits the risk that the Trump team could find itself taking control of the massive federal government without being aware of ongoing programs and operations. Brazil’s Bolsonaro participated in a 2022 coup plot, unsealed police report says SAO PAULO (AP) — Brazil’s former far-right President Jair Bolsonaro was fully aware of and actively participated in a coup plot to remain in office after his defeat in the 2022 election, according to a Federal Police report that has been unsealed. Brazil’s Federal Police last Thursday formally accused Bolsonaro and 36 other people of attempting a coup. They sent their nearly 900-page report to the Supreme Court, which lifted the seal. Bolsonaro has repeatedly denied any wrongdoing or awareness of any plot to keep him in power or oust his leftist rival and successor, Luiz Inácio Lula da Silva. Biden proposes Medicare and Medicaid cover costly weight-loss drugs for millions of obese Americans WASHINGTON (AP) — Millions of obese Americans would be eligible to have popular weight-loss drugs like Wegovy or Zepbound covered by Medicare or Medicaid under a new rule the Biden administration proposed Tuesday morning. The proposal, which would not be finalized until after President-elect Donald Trump takes office, could cost taxpayers as much as $35 billion over the next decade. It would give millions of people access to weekly injectables that have helped people shed pounds so quickly that some people have labeled them miracle drugs. New rule allows HIV-positive organ transplants People with HIV who need a kidney or liver transplant will be able to receive an organ from a donor with HIV. That's according to a new rule announced Tuesday by U.S. health officials. Previously, such transplants could be done only as part of research studies. The new rule takes effect Wednesday. It's expected to shorten the wait for organs for all, regardless of HIV status, by increasing the pool of available organs. The practice is supported by a decade of research, during which 500 transplants of kidneys and livers from HIV-positive donors have been done in the U.S. Surveillance tech advances by Biden could aid in Trump's promised crackdown on immigration President-elect Donald Trump will return to power next year with a raft of technological tools at his disposal that would help deliver his campaign promise of cracking down on immigration — among them, surveillance and artificial intelligence technology that the Biden administration already uses to help make crucial decisions in tracking, detaining and ultimately deporting immigrants lacking permanent legal status. One algorithm, for example, ranks immigrants with a “Hurricane Score,” ranging from 1-5, to assess whether someone will “abscond” from the agency’s supervision. Ukraine says Russian attack sets a new record for the number of drones used KYIV, Ukraine (AP) — The Ukrainian air force says Russia launched 188 drones against most regions of Ukraine in a nighttime blitz, describing it as a record number of drones deployed in a single attack. It said Tuesday that most of the drones were intercepted, but apartment buildings and critical infrastructure such as the national power grid were damaged. No casualties were immediately reported in the 17 targeted regions. Russia has been hammering civilian areas of Ukraine with increasingly heavy drone, missile and glide bomb attacks since the middle of the year. The Russian Defense Ministry, meanwhile, issued a rare official acknowledgement of its assets being hit on its own soil by U.S.-made longer-range missiles that the U.S. recently authorized Ukraine to use.
Saquon Barkley has become the Shohei Ohtani of the NFL. There's no better home run hitter playing football right now. Barkley had touchdown runs of 72 and 70 yards for the Philadelphia Eagles in a 37-20 victory over the Los Angeles Rams on Sunday night. He now has five runs of 50-plus yards this season and is on pace to break Eric Dickerson's single-season record of 2,105 yards set in 1984. Barkley's historic performance against the Rams — his 255 yards set a team record — captivated a national audience and turned him into a fan favorite for the AP NFL MVP award. He's not the betting favorite, however. Josh Allen has the best odds at plus-150, according to Bet MGM Sportsbook. Two-time MVP Lamar Jackson is next at plus-250 followed by Barkley at plus-400. Running backs have won the award 18 times, including three-time winner Jim Brown, who was the AP's first NFL MVP in 1957. Quarterbacks have dominated the award, winning it 45 times. Only three players who weren't QBs or RBs have been MVP. It takes a special season for a non-QB to win it mainly because the offense goes through the signal caller. Quarterbacks handle the ball every offensive snap, run the show and get the credit when things go well and the blame when it doesn't. Adrian Peterson was the most recent non-QB to win it when he ran for 2,097 yards and 12 touchdowns for the Minnesota Vikings in 2012. Playing for a winning team matters, too. Nine of the past 11 winners played for a No. 1 seed with the other two winners on a No. 2 seed. The Vikings earned the sixth seed when Pederson was MVP. Barkley is a major reason why the Eagles (9-2) are leading the NFC East and only trail Detroit (10-1) by one game for the top spot in the conference. Does he have a realistic chance to win the MVP award? Kicker Mark Moseley was the MVP in the strike-shortened 1982 season when he made 20 of 21 field goals and 16 of 19 extra points in nine games for Washington. If voters once selected a kicker, everyone has a chance, especially a game-changer such as Barkley. Defensive tackle Alan Page was the MVP in 1971 and linebacker Lawrence Taylor won it in 1986. Running back Christian McCaffrey finished third in voting last year and wide receiver Justin Jefferson placed fifth in 2022. The Offensive Player of the Year award and Defensive Player of the Year award recognize the best all-around players on both sides of the ball, allowing voters to recognize non-QBs if they choose. Wide receivers and running backs have won the AP OPOY award seven times over the past 11 seasons. McCaffrey was the 2023 winner. The AP's new voting format introduced in 2022 also gives non-QBs a better opportunity to get MVP recognition. Voter submit their top five picks for each award, with a weighted point system. Previously, voters made one choice for each award. A nationwide panel of 50 media members who regularly cover the league vote for MVP and seven other awards. The awards are based on regular-season performance. Clinching scenarios The Chiefs (10-1) and Bills (9-2) already are in position to lock up postseason berths right after Thanksgiving. Kansas City clinches a playoff berth with a win over Las Vegas on Black Friday and a loss by Miami on Thursday night, or a win plus a loss by Denver on Monday night. Buffalo can wrap up a fifth straight AFC East title with a victory over San Francisco on Sunday and a loss by the Dolphins. Status quo in Dallas? It's not a given that the Dallas Cowboys will be looking for a new head coach after this season. Owner Jerry Jones said Tuesday on local radio that Mike McCarthy could end up getting a contract extension. "I don't think that's crazy at all. This is a Super Bowl-winning coach. Mike McCarthy has been there and done that. He has great ideas. We got a lot of football left," Jones said. McCarthy led the Cowboys (4-7) to three straight 12-win seasons, but they went 1-3 in the playoffs and haven't reached the NFC championship game since winning the Super Bowl 29 years ago. Injuries have contributed to the team's struggles this season, but Dallas was just 3-5 before Dak Prescott was lost for the rest of the season. The Cowboys upset Washington last week and their next four games are against teams that currently have losing records. If they somehow end up 9-8 or even 8-9, Jones could make a case for keeping McCarthy.
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