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SAN DIEGO, Dec. 12, 2024 (GLOBE NEWSWIRE) -- A class action lawsuit has been filed on behalf of all persons and entities who purchased or otherwise acquired Kyverna Therapeutics, Inc. (Nasdaq: KYTX) (“Kyverna” or the “Company”) common stock pursuant and/or traceable to the Company’s registration statement issued in connection with its initial public offering (“IPO”) held on February 8, 2024. The Kyverna lawsuit charges the Company, certain of its current and former senior executives and directors, and the underwriters of Kyverna’s IPO with violations of the federal securities laws (collectively, “Defendants”). Kyverna investors have until February 7, 2025 to seek appointment as lead plaintiff of the Kyverna class action lawsuit. If you purchased or acquired Kyverna common stock pursuant and/or traceable to the Company’s registration statement issued in connection with its IPO on February 8, 2024, and suffered substantial losses , and you wish to obtain additional information or serve as lead plaintiff in this lawsuit, you may submit your information and contact us here: https://dicellolevitt.com/securities/kyverna/ . You can also contact DiCello Levitt attorneys Brian O’Mara or Ruben Peña by calling (888) 287-9005 or emailing investors@dicellolevitt.com . Those who inquire by email are encouraged to include their mailing address, telephone number, and the number of shares purchased. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. Case Allegations Kyverna is a clinical-stage biopharmaceutical company focused on developing cell therapies for patients suffering from autoimmune diseases. During its IPO, Kyverna offered 14.5 million shares of common stock at $22.00 per share, resulting in the Company receiving approximately $296 million in net proceeds. The Kyverna lawsuit alleges that the IPO’s registration statement contained false and misleading statements and/or concealed material adverse facts, including that: (i) Kyverna did not disclose negative information about one of its clinical trials; (ii) the undisclosed negative information was likely to, and eventually did, substantially and negatively affect Kyverna’s main product, making the information and trends disclosed in the registration statement, false, misleading, and not indicative of Kyverna’s business prospects; (iii) Kyverna’s statements about risk factors did not to adequately disclose the risk posed by Kyverna’s nondisclosure of adverse information about one of its clinical trials, that other adverse results and trends had already manifested or the probable materially negative effects on Kyverna’s future results, share price, and prospects. The truth began to emerge on June 14, 2024, when Kyverna published an investor presentation that revealed adverse data about one of its clinical trials. The Kyverna lawsuit alleges the Company’s shares plummeted after this data was disclosed. In fact, by the filing of the Kyverna lawsuit, the Company’s stock had traded as low as $3.92 per share, a decline of more than 82% from the IPO’s price per share. About DiCello Levitt At DiCello Levitt, we are dedicated to achieving justice for our clients through class action, business-to-business, public client, whistleblower, personal injury, civil and human rights, and mass tort litigation. Our lawyers are highly respected for their ability to litigate and win cases – whether by trial, settlement, or otherwise – for people who have suffered harm, global corporations that have sustained significant economic losses, and public clients seeking to protect their citizens’ rights and interests. Every day, we put our reputations – and our capital – on the line for our clients. DiCello Levitt has achieved top recognition as Plaintiffs Firm of the Year and Trial Innovation Firm of the Year by the National Law Journal , in addition to its top-tier Chambers and Benchmark ratings. The New York Law Journal also recently recognized DiCello Levitt as a Distinguished Leader in trial innovation. For more information about the Firm, including recent trial victories and case resolutions, please visit www.dicellolevitt.com . Attorney Advertising. Prior results do not guarantee a similar outcome. Media Contact Amy Coker 4747 Executive Drive, Suite 240 San Diego, CA 92121 619-963-2426 investors@dicellolevitt.comLet's move aheadIn order to thrive in an increasingly complex and competitive landscape, Ant Group must cultivate a spirit of collaboration and teamwork among its employees. By empowering teams to think creatively, take calculated risks, and learn from failure, the company can foster a culture of continuous improvement and resilience. Encouraging diversity of thought and embracing change will be essential in driving innovation and driving sustainable growth.
GREG COTE’S NFL WEEK 13 THANKSGIVING DAY PICKS BEARS (4-7) at LIONS (10-1) Line: DET by 10. Cote’s pick: DET, 34-16. TV: 12:30 p.m. ET Thursday, CBS. The traditional roasted bird will just about be going into the Cote oven Thursday when the opener of the NFL Thanksgiving tripleheader kicks off. This is proving not to be the season to expect Detroit to revert to its old self. Because Dan Campbell has a monster going on. The Lions as double-digit favorites? Last two times that has happened. this season, Jared Goff and the lads have put up 52 points ... not total, in each game. Bears QB Caleb Williams has been better under new O-coordinator Thomas Brown. That and the rival/division factor could see the Bears hanging around as your Turkey Day digs in. But Detroit has turned into a juggernaut to be feared not doubted. At home and with America watching, I’d expect the Lions, especially that offense, to be in full preen mode. GIANTS (2-9) at COWBOYS (4-7) Line: DAL by 3 1/2. Cote’s pick: DAL, 24-17. TV: 4:30 p.m. Thursday, Fox. Dallas will be putting its 0-5 home record on national display right around the time the Cotes (and many of you) are sitting down at the banquet table Thursday. Cowboys have owned this NFC East rivalry, winning seven straight games, 14 of the past 15, and the and the past seven in a row at Jerry’s House. Now it’s the duel of break-glass-in-case-of-emergency QBs in Cooper Rush vs. Tommy DeVito. And two head coaches under fire, with the seat under Brian Dabol even hotter. Dallas Micah Parsons had two sacks in the upset win at Washington, and now faces an NYG squad that majors in giving up sacks. We’re praying for you, DeVito. Well, OK, not really. Because we’re rooting for our pick. Giants are 0-5 covering as a dog of four points or less. Let’s keep it that way. DOLPHINS (5-6) at PACKERS (8-3) Line: GB by 3 1/2. Cote’s pick: MIA, 27-23. TV: 8:20 p.m. Thursday, NBC/Peacock. Feast digested, tryptophan kicking in, dessert looking good but too full to eat. While the rest of us are feeling this on Thanksgiving night, the Dolphins are taking the field at Lambeau Field, with temperatures expected in the low 20s, with wind gusts but (mercifully) only a small chance of rain meaning snow. Oy! Brutal weather. Teams last met in 2022 (Tua Tagovailoa threw three picks), and Miami last won in Green Bay in 2010. But Miami has won three in a row entering this to hoist its season toward playoff hope, with Tua playing great. Yes, Tua in this kind of weather has not been a pretty sight. In fact he is 0-7 in games where the temperature is 40 or below, most recently in the playoff loss in Kansas City last January. Still, the Dolphins’ solid run defense will force Jordan Love to try to win in the air in conditions he can’t love, either. Yeah, yeah, I get it. There is every reason in the world to think pragmatically here, to think safely, to pick the Pack on the Frozen Tundra. But I’m feeling saucy. Maybe it’s the holiday? Blame my friend Jim Beam? Tua said this week, “I love killing narratives.” This one is: Miami can’t beat good teams, and can’t win in the freezing cold. So that makes this a two-for-one narrative-killing holiday special. And early Black Friday sale! I say the Dolphins, with a ton to prove, will stay hot in the freezing cold. Upset! ©2024 Miami Herald. Visit at miamiherald.com . Distributed by Tribune Content Agency, LLC.The outage of the National Trust Securities stock trading app also had wider implications for the overall stability of the stock market. With a large number of users unable to participate in trading, there was a noticeable impact on trading volume and market liquidity. Some analysts even suggested that the crash of the app may have contributed to the erratic behavior of certain stocks on that day.
The events that have unfolded in South Korea this month, beginning with President Yoon Suk-yeol's short-lived declaration of martial law on Dec 3, have underscored both the remarkable resilience and underlying fragility of the country's democracy. The system survived this time, but no democracy is safe if it constantly faces severe stress tests. First, the good news. The National Assembly quickly passed a resolution to rescind Mr Yoon's declaration of martial law. Meanwhile, hundreds of thousands of people took to the streets to protest Mr Yoon's decision and pressure lawmakers from the ruling People Power Party to support his impeachment. Their efforts worked: while PPP representatives walked out of the Assembly during the first impeachment vote, they supported the motion the second time, and it passed. Mr Yoon has now been suspended and must wait up to six months for the Constitutional Court to decide whether to uphold his impeachment. If it does, a new presidential election will be held within 60 days. This uneasy period has been made even more uncertain by interim President Han Duck-soo's refusal to nominate three justices to fill the nine-member court. Mr Han himself has now been impeached. This ongoing drama highlights fundamental vulnerabilities in South Korea's political system. The 1987 constitutional amendment that ended the country's military dictatorship introduced a single-term, five-year presidency. Citizens were so elated finally to be able to elect their president by direct popular vote that few questions were asked about the constraints on presidential power. It has since become apparent, however, that South Korea's constitutional framework lacks sufficient checks and balances. Though the constitution tasks prime ministers with recommending the appointment or dismissal of cabinet members, successive presidents have unilaterally wielded these powers. Moreover, ruling parties have functioned more as extensions of the presidential office than as independent entities capable of exercising meaningful oversight. Even the judiciary may be susceptible to the president's influence. With no institution effectively restraining executive power, many political scientists and commentators have labelled South Korea's system an "imperial presidency". While South Koreans choose their "emperor" through direct elections, they are heavily influenced by partisan and often-misleading information. Private YouTube channels and social-media accounts, among others, have turbocharged a longstanding problem that makes it all too easy for unqualified or authoritarian-leaning leaders to win power. In the four decades since democratisation, four South Korean presidents have been imprisoned, one has committed suicide, and three, including Mr Yoon, have faced impeachment. There is one political actor that might be able to challenge the president: the opposition party. But South Korea's winner-take-all political system -- in which the victors claim all the spoils, and the losers are left empty-handed -- promotes extreme polarisation and relentless power struggles. It does not help that South Korea's politics are dominated by just two parties, the PPP and the Democratic Party. This partly reflects the predominance of single-member electoral districts. In the 2020 legislative elections, the ruling and opposition parties secured 90% of seats in parliament, despite winning only two-thirds of the proportional representation (party-list) votes, meaning that nearly one-third of the electorate was effectively left without representation. In two-party systems, opposition parties often reject even sensible government initiatives, fearing that any success for the ruling party might diminish their electoral prospects. The antagonism inherent in South Korea's two-party system formed the basis of Mr Yoon's justification for declaring martial law. In a Dec 12 address, Mr Yoon accused the opposition of disrupting government operations by seeking "the impeachment of numerous government officials, who, even without wrongdoing, faced long suspensions from their duties". Mr Yoon also pointed out that, since his election, there have been "178 rallies" calling for his resignation or impeachment. Though this hardly justifies Mr Yoon's decision to declare martial law, it does support the conclusion that the 1987 constitutional system has outlived its usefulness. In fact, beyond hampering domestic governance, extreme polarisation undermines foreign-policy continuity, with each transfer of power bringing a radical shift in external relations. If Mr Yoon's impeachment is upheld, his signature diplomatic initiative -- improving South Korea's long-contentious relations with Japan, and establishing a robust trilateral partnership with that country and the United States -- could be weakened or even reversed. This might destabilise the Indo-Pacific region at a delicate moment, with Donald Trump's return to the White House adding to the climate of uncertainty in the region. The authoritarian axis of China, Russia, and North Korea will certainly jump on any opportunity to exploit instability or antagonism. To break the cycle of political crises, facilitate better governance, and bolster policy stability, South Korea must establish a new political framework that includes stronger checks and balances and fosters genuine power-sharing. For example, the popularly elected president's mandate could be reformed to focus primarily on foreign policy, with domestic governance being delegated to a prime minister selected by the National Assembly. If, in time, a more stable and effective party system emerges, South Koreans might consider moving toward many more seats for proportional representation and a parliamentary system. No democracy is free of imperfections. But the flaws in South Korea's system are becoming a barrier to good governance -- and they are increasingly reverberating internationally, like a malign version of the country's K-pop bands. Rather than following the same old pattern of maximising their own short-term gains without regard for the future, South Korean politicians must take the opportunity the current crisis presents to pursue meaningful and long-awaited institutional reforms. ©2024 Project Syndicate Yoon Young-kwan, a former foreign affairs minister of South Korea, is Chairman of the Asan Institute for Policy Studies.
In the upcoming tournament, all eyes will be on iG and TES as they renew their rivalry and celebrate the bonds that bring them together. Fans can look forward to thrilling matches, emotional moments, and the chance to witness history in the making as old teammates meet again on the virtual battlefield. The story of iG and TES is one of friendship, competition, and the enduring spirit of esports that unites players and fans alike in their love for the game.
As Wu Jinyan embraces this time of waiting and preparation, she does so with a sense of peace and joy that is truly inspiring. Her photos in the snow serve as a testament to the beauty and magic of motherhood, capturing the essence of this special moment in her life with grace and elegance.The news of this daring escapade spread like wildfire, quickly capturing the attention and imagination of the entire city. Social media platforms buzzed with discussions and speculations about the mysterious senior who had found a peculiar way to bypass the usual entrance procedures. Memes and jokes circulated, portraying the adventurous grandpa as a superhero with a knack for unconventional solutions.
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