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mcw casino live 2024 IT was Jose Mourinho who best summed up how a footballer’s career can be here and gone in a flash. Former Manchester United manager Mourinho said: “I am 56 now and yesterday, I was 20. Time flies. One day, you will regret if you don’t reach what you can reach.” Mourinho was talking to Dele Alli in a documentary series while he was manager at Tottenham. It could be a conversation Ruben Amorim has with 27-year-old Marcus Rashford now he is Old Trafford boss. We all know what Rashford can do. He burst on the scene aged 18 in 2016 with a Europa League double — his first United goals — on his debut against Midtjylland. READ MORE ON MAN UTD And we saw it two seasons ago, when he posted a career-best of 30 goals as United finished third and won the Carabao Cup . The kid who grew up in Wythenshawe with the dream of playing for the Red Devils was in the spotlight. But the floodlights have faded. In the last 18 months, he has lost his place in the England squad, the United team and hit more headlines for what he did off the field than on it. Most read in Football FOOTBALL FREE BETS AND SIGN UP DEALS Partying after a defeat in the Manchester derby , out until the early hours in Belfast when he was due to train later that day. Just recently as he prepared for life under new boss Amorim, he took the time off given for the international break to jet to New York . He was court-side for the NBA match between New York Knicks and Brooklyn Nets, dressed in a long Louis Vuitton coat and sporting glitzy grillz. Fine if you are on top of your game... not such a good look when you cannot find it. And Rashford has not been able to find it for some time. There were nine cry-offs from the last England squad for their final two matches under Lee Carsley and still he was not worth a call. Which tells you where he is at. Amorim employed Rashford up front for his first game in charge against Ipswich, on Sunday, mainly because Rasmus Hojlund and Joshua Zirkzee are so bad. Inside two minutes he took advantage of some great work by Amad Diallo to put United into the lead and then...he faded. Red Devils fans have started cheering when he gets subbed now. Previous boss Erik ten Hag was at his wits’ end with Rashford by the final days of his reign. The Dutchman privately admitted he would have dumped him into the reserves after that Belfast party incident in January had he had enough players available to take his place. Ten Hag did everything to protect Rashford and help him but was let down by the player. Everyone knows there is a good guy there. Rashford’s MBE for charitable work, helping the poor and hungry, tells you all you need to know about a man with a good heart. And his tears when United won the FA Cup last season told you how much he loves the club. But he has been too easily swallowed up by the celebrity and party lifestyle on offer to all young stars if they want it. Amorim emphasised ahead of Thursday's Europa League match against Bodo/Glimt — who, with 6,500 fans at Old Trafford , will have one-eighth of the Norwegian city’ s population in attendance — that the drive to get back to his best has to come from Rashford first. It was the same mantra that came from Ten Hag. Amorim knows playing through the middle is not his best position and will employ him wide, in the long run, in a 3-4-3. IN theory at least, the only way is up for Manchester United, writes Charlie Wyett. We are nearly a third of the way through this Premier League season and it is still staggering to see United lurking in 12th place. They have managed just four wins with a goal difference of 0. Only Everton, Crystal Palace and Southampton have scored less. It is certainly not a false position and a point at Ipswich illustrated the massive job that Ruben Amorim faces. United’s fans sang the name of their new manager throughout the game. They also gave the players rapturous applause on the final whistle and although this was an improvement on some of the performances this season, the bar has been set pretty low. The club’s optimistic supporters will see that their team is only six points off the top four. Ultimately, though, it is difficult to see United even reaching last season’s final position of eighth as they look worse. United’s patched-up defence will improve - and a three-man formation at the back will help them - but you have to wonder where the goals are going to come from. Marcus Rashford struck after 81 seconds and then went missing for the rest of his 68 minutes on the pitch. Rasmus Hojlund and Joshua Zirkzee were also introduced in that double change midway inside the second half but added absolutely nothing. What a terrible couple of signings they have proved to be and United’s fans would swap both of them for Ipswich’s Liam Delap. Amorim did not celebrate the Rashford goal and paced around his technical area throughout looking uneasy. Each time there was a break in play, he called over players for instructions. Alejandro Garnacho headed over to the touchline on a couple of occasions while there were also words for Diogo Dalot, Casemiro and Jonny Evans. Amorim, a manager with infectious enthusiasm, will be hopeful he can get his message across to all of the players in the next few weeks. But the problem for the Portuguese coach is that this was the first of 10 games in the space of 33 days. What he really needs are spells on the training ground without a midweek game but he does not have that luxury. The only problem is the shortage of alternatives. United’s lack of goals has been a problem for some time and just three teams have scored fewer than their 13 goals in the Prem this season. Rashford is top scorer with five in all competitions . Hojlund has two and Zirkzee one. Amorim said: “There is a concern but we have to improve as a team. We have quality players who can score so many goals. “But you could feel it in the second half on Sunday, we controlled possession of the ball but we were not dangerous. “Maybe because we spend the week trying to work on build up and then the rest was not working. “We will try to improve as a team and Rasmus and Josh and Rash will score more goals. “Even Bruno Fernandes has to score more goals! Amad has to be better near the goal.” READ MORE SUN STORIES Rashford has to improve and quickly. Because today he might be 27 but tomorrow he could be 56. WHEN Ruben Amorim took charge of Sporting Lisbon in March 2020, one club official compared their situation to the “walking dead”, writes Jordan Davies . Optimism and hope was at an all-time low. But the Amorim-effect was almost instantaneous, guiding the Portuguese sleeping giants to their first league title for 19 years in 2020/21, losing just once and only conceding 20 goals. Since then, Sporting have lifted another league title in 2023/24 – as well as two League Cups – and currently sit top with nine wins from nine this term. He may be young, but Amorim already has an eye for rebuilding and revitalising fallen super powers with his infectious charisma and intense tactical philosophy that hardly ever wavers. The “walking dead” at Manchester United must be praying for a similar sort of revival. And they may just get it from one of the most talented young coaches on the continent – a man accustomed to breathing new life back into crumbling institutions such as Old Trafford. Amorim has spent the last decade dreaming of one day gracing England’s Premier League, such was his admiration for an ex-United boss in Jose Mourinho growing up. Often nicknamed ‘Mourinho 2.0’, Amorim spent a week with his coaching idol in an internship capacity at United’s Carrington training base in 2018, going on to cite him as his “reference point”. United should not be expecting a mini-Mourinho, as Amorim said himself: “Mourinho is one of a kind. There won't be another Mourinho. Mourinho is unique.” And yet, you cannot help but compare the two. For all the mismanagement in the Old Trafford hot seats over the years, this would be a real get – finally a slap in the face United’s Prem rivals have no answer for.Dallas City Council interviews three finalists for city manager positionGLEN ALLEN, Va. , Nov. 21, 2024 /PRNewswire/ -- Hamilton Beach Brands Holding Company (NYSE: HBB) (the Company) today announced that the Board of Directors declared a regular cash dividend of $0.115 per share. The dividend is payable on both the Class A and Class B Common Stock and will be paid December 13, 2024 , to stockholders of record at the close of business on December 2, 2024 . About Hamilton Beach Brands Holding Company Hamilton Beach Brands Holding Company is a leading designer, marketer, and distributor of a wide range of branded small electric household and specialty housewares appliances, as well as commercial products for restaurants, fast food chains, bars, and hotels. The Company's owned consumer brands include Hamilton Beach ® , Proctor Silex ® , Hamilton Beach Professional ® , Weston ® , and TrueAir ® . The Company's owned commercial brands include Hamilton Beach Commercial ® and Proctor Silex Commercial ® . The Company licenses the brands for Wolf Gourmet ® countertop appliances, CHI ® premium garment care products, CloroxTM True HEPA air purifiers, and Brita HubTM countertop electric water filtration appliances. The Company has exclusive multiyear agreements to design, sell, market, and distribute Bartesian ® cocktail makers and Numilk ® plant-based milk makers. The Company's Hamilton Beach Health subsidiary is focused on expanding the Company's participation in the home health market. In February 2024 , Hamilton Beach Health acquired HealthBeacon, a medical technology firm that specializes in developing connected devices. For more information about Hamilton Beach Brands Holding Company, visit www.hamiltonbeachbrands.com . View original content to download multimedia: https://www.prnewswire.com/news-releases/hamilton-beach-brands-holding-company-declares-quarterly-dividend-302313651.html SOURCE Hamilton Beach Brands Holding Company

Wall Street ends flat after the Christmas breakData centers needed to support the artificial intelligence industry may come with a costly environmental toll — and the loss of human life, researchers say. Air pollution that is emitted from centers that are being opened all over the U.S. could result in as many as 1,300 early deaths each year by 2030. “When we talk about the costs of AI, there has been a lot of focus on measurements of things like carbon and water usage. And while those costs are really important, they are not what’s going to impact the local communities where data centers are being built,” Adam Wierman, director of Information Science and Technology at Caltech, said in a statement . The findings were included in a recent report co-authored by Wierman along with scientists at Caltech and UC Riverside that has yet to be peer-reviewed. To produce the energy necessary to power computing systems and AI servers requires a massive amount of electricity. The computer power dedicated to AI is doubling every 100 days, according to an April estimate from the World Economic Forum . Much of the electricity production uses greenhouse gas-emitting fossil fuels. Fossil fuels contribute to climate change and can cause respiratory illness, produce cancer-causing particulate matter, contribute to smog and acid rain, and pollute waterways. Air pollution from fossil fuels has been found to kill millions : one in five people around the world, according to a 2021 study from scientists at Harvard University and U.K. institutions. While the future of AI-based centers is still relatively murky and more companies are turning to nuclear and cleaner energy sources to mitigate their impacts , the effects are expected to escalate . Recent Department of Energy estimates found that data center energy use is expected to either double or triple by 2028 . Last year alone, data centers produced at least 106 million metric tons of emissions — rivaling those of the domestic commercial airline industry, according to researchers at Harvard and UCLA. Generating the electricity needed to train a large language model at the scale of Meta’s Llama-3.1 produced air pollution that was equivalent to more than 10,000 round trips by car between Los Angeles and New York City, the report said. Meta, which is looking to build a new center in Louisiana , did not immediately respond to The Independent’s request for comment. While AI offers significant benefits, Wierman stressed that “we need to make sure that we have our house in order, and that the negative impacts that come from it are recognized, quantified, minimized, and shared equitably.” The authors recommend that tech companies should be required to report the air pollution caused by their power generation and usage, in addition to compensating communities that could be hit the hardest by air pollution from the data centers. Air pollution from AI would disproportionately affect certain low-income communities, although the pollution drifts across county and state lines, they noted. In some areas, the public health costs of these centers may exceed what the tech companies pay for electricity, the researchers found. Those costs are approaching an estimated $20 billion a year, the report said. Those health costs were estimated using statistical methods developed by the Environmental Protection Agency, and account for known epidemiological risks associated with air pollution from power plants and backup diesel generators. The findings were released shortly before a report from Politico’s E&E News , which said that the White House is weighing whether to take executive action to speed up the construction of these centers. The White House called statements from sources in the report “inaccurate,” but Democrats have urged the Biden administration to reconsider that possible course of action . “As your administration considers how to support this technology, we urge you to uphold critical clean air and water standards and ensure that the energy needs of technology companies are not prioritized over the needs of households,” Sens. Sheldon Whitehouse, Brian Schatz, Peter Welch, Ed Markey, and Elizabeth Warren wrote. The U.S. has introduced legislation to mitigate the environmental impacts of AI, and Shaolei Ren, a UCR associate professor and co-author of the report, has previously suggested solutions for companies to combat “environmental injustices” tied to AI. “If you have family members with asthma or other health conditions, the air pollution from these data centers could be affecting them right now. It’s a public health issue we need to address urgently,” he said .

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NEW YORK--(BUSINESS WIRE)--Dec 9, 2024-- Braze (Nasdaq: BRZE) the leading customer engagement platform that empowers brands to Be Absolutely EngagingTM, today announced results for its fiscal quarter ended October 31, 2024. “We continued to execute in the third quarter, delivering strong revenue growth and operating leverage while maintaining steady investment in our product, our ecosystem, and our go-to-market motion to continue positioning Braze as the leading cross-channel customer engagement platform,” said Bill Magnuson, Cofounder and CEO of Braze. “We are confidently on track to meet our profitability targets for the fiscal fourth quarter of and full fiscal year 2025, and continue to focus on driving growth through customer engagement innovations that empower our customers to create more valuable customer experiences.” Fiscal Third Quarter 2025 Financial Highlights Recent Business Highlights Financial Outlook Braze is initiating guidance for the fiscal fourth quarter ending January 31, 2025 and updating guidance for the fiscal year ending January 31, 2025. Metric (in millions, except per share amounts) FY 2025 Q4 Guidance FY 2025 Guidance Revenue $155.0 - 156.0 $588.0 - 589.0 Non-GAAP operating income (loss) $2.0 - 3.0 $(5.0) - (6.0) Non-GAAP net income $5.0 - 6.0 $11.0 - 12.0 Non-GAAP net income per share, diluted $0.05 - 0.06 $0.10 - 0.11 Weighted average common shares used in computing non-GAAP net income per share, diluted ~107.5 ~107.0 Braze has not reconciled its guidance as to non-GAAP operating income (loss), non-GAAP net income or non-GAAP net income per share to their most directly comparable GAAP measure as a result of uncertainty regarding, and the potential variability of, reconciling items such as stock-based compensation expense specific to equity compensation awards that are directly impacted by unpredictable fluctuations in Braze’s stock price. Accordingly, reconciliations are not available without unreasonable effort, although it is important to note that these factors could be material to Braze’s results calculated in accordance with GAAP. Conference Call Information: What: Braze Third Quarter Fiscal Year 2025 Financial Results Conference Call When: Monday, December 9th at 4:30 pm EST / 1:30 pm PST Webcast & Supplemental Data: investors.braze.com Replay: A webcast replay will be available on Braze’s investor site at investors.braze.com . Supplemental and Other Financial Information Supplemental information, including an accompanying financial presentation and other information can be accessed through Braze’s investor website at investors.braze.com . Non-GAAP Financial Measures This press release and the accompanying tables contain the following non-GAAP financial measures: non-GAAP gross profit and margin, non-GAAP sales and marketing expense, non-GAAP research and development expense, non-GAAP general and administrative expense, non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, basic and diluted, and non-GAAP free cash flow. Braze defines non-GAAP gross profit and margin, non-GAAP sales and marketing expense, non-GAAP research and development expense, non-GAAP general and administrative expense, non-GAAP operating income (loss), non-GAAP operating margin, and non-GAAP net income (loss) as the respective GAAP balances, adjusted for stock-based compensation expense, employer taxes related to stock-based compensation, charitable contribution expense, contingent consideration adjustments, acquisition related expense, amortization of intangible assets, and restructuring expense. Prior to the fourth quarter of the fiscal year ended January 31, 2024, Braze did not adjust non-GAAP gross profit and margin, non-GAAP sales and marketing expense, non-GAAP research and development expense, non-GAAP general and administrative expense, non-GAAP operating income (loss), non-GAAP operating margin or non-GAAP net income (loss) for contingent consideration adjustments, because there were no such adjustments in prior periods. Braze defines non-GAAP free cash flow as net cash provided by/(used in) operating activities, minus purchases of property and equipment and minus capitalized internal-use software costs. Investors are encouraged to review the reconciliation of these historical non-GAAP financial measures to their most directly comparable GAAP financial measures. Braze uses this non-GAAP financial information internally in analyzing its financial results and believes that this non-GAAP financial information, when taken collectively with GAAP financial measures, may be helpful to investors because it provides consistency and comparability with past financial performance and assists in comparisons with other companies, some of which use similar non-GAAP financial information to supplement their GAAP results. The non-GAAP financial information is presented for supplemental informational purposes only, and should not be considered a substitute for financial information presented in accordance with generally accepted accounting principles in the United States (GAAP), and may be different from similarly-titled non-GAAP measures used by other companies. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses that are required by GAAP to be recorded in Braze’s financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgment by Braze’s management about which expenses are excluded or included in determining these non-GAAP financial measures. A reconciliation is provided below in the financial statement tables included below in this press release for each non-GAAP financial measure to the most directly comparable financial measure stated in accordance with GAAP. Braze encourages investors to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures, which it includes in press releases announcing quarterly and fiscal year financial results, including this press release, and not to rely on any single financial measure to evaluate Braze’s business. Definition of Other Business Metrics Customer : Braze defines a customer, as of period end, as the separate and distinct, ultimate parent-level entity that has an active subscription with Braze to use its products. A single organization could have multiple distinct contracting divisions or subsidiaries, all of which together would be considered a single customer. Annual Recurring Revenue (ARR) : Braze defines ARR as the annualized value of customer subscription contracts, including certain premium professional services that are subject to contractual subscription terms, as of the measurement date, assuming any contract that expires during the next 12 months is renewed on its existing terms (including contracts for which Braze is negotiating a renewal). Braze’s calculation of ARR is not adjusted for the impact of any known or projected future events (such as customer cancellations, expansion or contraction of existing customers relationships or price increases or decreases) that may cause any such contract not to be renewed on its existing terms. ARR may decline or fluctuate as a result of a number of factors, including customers’ satisfaction or dissatisfaction with Braze’s products and professional services, pricing, competitive offerings, economic conditions or overall changes in Braze’s customers’ spending levels. ARR should be viewed independently of revenue and does not represent Braze’s GAAP revenue on an annualized basis or a forecast of revenue, as it is an operating metric that can be impacted by contract start and end dates and renewal rates. Dollar-Based Net Retention Rate : Braze calculates dollar-based net retention rate as of a period end by starting with the ARR from a cohort of customers as of 12 months prior to such period-end (the Prior Period ARR). Braze then calculates the ARR from the same cohort of customers as of the end of the current period (the Current Period ARR). Current Period ARR includes any expansion and is net of contraction or attrition over the last 12 months, but excludes ARR from new customers in the current period. Braze then divides the total Current Period ARR by the total Prior Period ARR to arrive at the point-in-time dollar-based net retention rate. Braze then calculates the weighted average point-in-time dollar-based net retention rates as of the last day of each month in the current trailing 12-month period to arrive at the dollar-based net retention rate. Remaining Performance Obligations: The transaction price allocated to remaining performance obligations represents amounts under non-cancelable contracts expected to be recognized as revenue in future periods, and may be influenced by several factors, including seasonality, the timing of renewals, the timing of service delivery and contract terms. Unbilled portions of the remaining performance obligation are subject to future economic risks including bankruptcies, regulatory changes and other market factors. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding Braze’s financial outlook for the fourth quarter of and the full fiscal year ended January 31, 2025. These forward-looking statements are based on current expectations, estimates, forecasts and projections. Words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “goal,” “hope,” “intend,” “may,” might,” “potential,” “predict,” “project,” “shall,” “should,” “target,” “will,” and variations of these terms and similar expressions are intended to identify these forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are based on Braze’s current assumptions, expectations and beliefs and are subject to substantial risks, uncertainties, assumptions and changes in circumstances that may cause Braze’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks include, but are not limited to, risks and uncertainties related to: (1) unstable market and economic conditions may have serious adverse consequences on Braze’s business, financial condition and share price; (2) Braze’s recent rapid revenue growth may not be indicative of its future revenue growth; (3) Braze’s history of operating losses; (4) Braze’s limited operating history at its current scale; (5) Braze’s ability to successfully manage its growth; (6) the accuracy of estimates of market opportunity and forecasts of market growth and the impact of global and domestic socioeconomic events on Braze’s business; (7) Braze’s ability and the ability of its platform to adapt and respond to changing customer or consumer needs, requirements or preferences; (8) Braze’s ability to attract new customers and renew existing customers; (9) the competitive markets in which Braze participates and the intense competition that it faces; (10) Braze’s ability to adapt and respond effectively to rapidly changing technology, evolving cybersecurity and data privacy risks, evolving industry standards or changing regulations; and (11) Braze’s reliance on third-party providers of cloud-based infrastructure; as well as other risks and uncertainties discussed in the “Risk Factors” section of Braze’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC) on April 1, 2024 and other subsequent filings Braze makes with the SEC from time to time, including Braze’s Quarterly Report on Form 10-Q for the fiscal quarter ended October 31, 2024 that will be filed with the SEC. The forward-looking statements included in this press release represent Braze’s views only as of the date of this press release and Braze assumes no obligation, and does not intend to update these forward-looking statements, except as required by law. About Braze Braze is the leading customer engagement platform that empowers brands to Be Absolutely Engaging.TM Braze allows any marketer to collect and take action on any amount of data from any source, so they can creatively engage with customers in real time, across channels from one platform. From cross-channel messaging and journey orchestration to Al-powered experimentation and optimization, Braze enables companies to build and maintain absolutely engaging relationships with their customers that foster growth and loyalty. The company has been recognized as a 2024 U.S. News Best Technology Companies to Work For, is a 2023 UK Best Workplace for Women by Great Place to Work, and was named a Leader by Gartner® in the 2024 Magic QuadrantTM for Multichannel Marketing Hubs and in The Forrester WaveTM: Cross-Channel Marketing Hubs, Q1 2023. Braze is headquartered in New York with 10+ offices across North America, Europe, and APAC. Learn more at braze.com . Braze uses its Investor website at investors.braze.com as a means of disclosing material non-public information, announcing upcoming investor conferences and for complying with its disclosure obligations under Regulation FD. Accordingly, you should monitor its investor relations website in addition to following its press releases, blog posts on its website (braze.com), SEC filings and public conference calls and webcasts. Selected Financial Data BRAZE, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (in thousands, except per share amounts) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Revenue $ 152,052 $ 123,956 $ 433,010 $ 340,843 Cost of revenue (1)(2) 45,910 36,374 133,878 104,535 Gross profit 106,142 87,582 299,132 236,308 Operating expenses: Sales and marketing (1)(2)(6) 74,658 66,395 213,054 184,074 Research and development (1)(2) 32,855 29,872 100,369 88,749 General and administrative (1)(2)(3)(4)(5)(6)(7) 31,199 26,448 86,309 75,884 Total operating expenses 138,712 122,715 399,732 348,707 Loss from operations (32,570 ) (35,133 ) (100,600 ) (112,399 ) Other income, net 5,294 4,542 15,968 11,866 Loss before provision for income taxes (27,276 ) (30,591 ) (84,632 ) (100,533 ) Provision for income taxes 851 385 2,351 1,318 Net loss (28,127 ) (30,976 ) (86,983 ) (101,851 ) Net loss attributable to redeemable non-controlling interest (216 ) (235 ) (432 ) (962 ) Net loss attributable to Braze, Inc. $ (27,911 ) $ (30,741 ) $ (86,551 ) $ (100,889 ) Net loss per share attributable to Braze, Inc. common stockholders, basic and diluted $ (0.27 ) $ (0.31 ) $ (0.85 ) $ (1.03 ) Weighted-average shares used to compute net loss per share attributable to Braze, Inc. common stockholders, basic and diluted 102,146 97,880 101,714 97,615 (1) Includes stock-based compensation as follows: Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Cost of revenue $ 1,003 $ 900 $ 3,045 $ 2,690 Sales and marketing 9,608 7,899 28,945 23,554 Research and development 10,343 9,479 32,623 29,251 General and administrative 7,364 5,761 21,805 17,466 Total stock-based compensation expense $ 28,318 $ 24,039 $ 86,418 $ 72,961 (2) Includes employer taxes related to stock-based compensation as follows: Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Cost of revenue $ 42 $ 29 $ 156 $ 81 Sales and marketing 247 245 1,070 609 Research and development 220 199 1,400 721 General and administrative 127 84 567 239 Total employer taxes related to stock-based compensation expense $ 636 $ 557 $ 3,193 $ 1,650 (3) Includes 1% Pledge charitable donation expense as follows: Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 General and administrative $ 1,417 $ 1,427 $ 2,764 $ 2,391 (4) Includes acquisition related expense as follows: Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 General and administrative $ — $ — $ — $ 1,946 (5) Includes amortization of intangible assets acquired in the acquisition expense as follows: Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 General and administrative $ 101 $ 215 $ 459 $ 363 (6) Includes restructuring related expense as follows: Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Sales and marketing $ — $ — $ — $ 541 General and administrative — — — $ 103 Total restructuring costs $ — $ — $ — $ 644 (7) Includes adjustment to the fair value of the contingent consideration liability as follows: Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 General and administrative $ (86 ) $ — $ (223 ) $ — BRAZE, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (in thousands, except share and per share amounts) October 31, 2024 January 31, 2024 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 61,312 $ 68,228 Restricted cash, current — 3,373 Accounts receivable, net of allowance of $2,696 and $2,772 at October 31, 2024 and January 31, 2024, respectively 90,299 92,256 Marketable securities 431,258 407,898 Prepaid expenses and other current assets 30,452 29,366 Total current assets 613,321 601,121 Restricted cash, noncurrent 530 530 Property and equipment, net 39,910 29,358 Operating lease right-of-use assets 80,352 81,163 Deferred contract costs 72,388 63,661 Goodwill 28,448 28,448 Intangible assets, net 3,231 3,690 Other assets 3,832 2,970 TOTAL ASSETS $ 842,012 $ 810,941 LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST, AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 2,912 $ 6,321 Accrued expenses and other current liabilities 63,322 63,264 Deferred revenue 223,682 204,269 Operating lease liabilities, current 18,315 15,585 Total current liabilities 308,231 289,439 Operating lease liabilities, noncurrent 73,768 75,027 Other long-term liabilities 2,200 2,050 TOTAL LIABILITIES 384,199 366,516 COMMITMENTS AND CONTINGENCIES (Note 13) Redeemable non-controlling interest (Note 4) (240 ) 192 STOCKHOLDERS’ EQUITY Class A common stock, $0.0001 par value; 2,000,000,000 and 2,000,000,000 shares authorized as of October 31, 2024 and January 31, 2024, respectively; 82,534,449 and 73,037,015 shares issued and outstanding as of October 31, 2024 and January 31, 2024, respectively 8 7 Class B common stock, $0.0001 par value; 110,000,000 and 110,000,000 shares authorized as of October 31, 2024 and January 31, 2024, respectively; 20,296,274 and 27,173,408 shares issued and outstanding as of October 31, 2024 and January 31, 2024, respectively 2 3 Additional paid-in capital 1,027,339 928,494 Accumulated other comprehensive loss 348 (1,178 ) Accumulated deficit (569,644 ) (483,093 ) TOTAL STOCKHOLDERS’ EQUITY 458,053 444,233 TOTAL LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST, AND STOCKHOLDERS’ EQUITY $ 842,012 $ 810,941 BRAZE, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (in thousands) Nine Months Ended October 31, 2024 2023 CASH FLOWS FROM OPERATING ACTIVITIES: Net loss (including amounts attributable to redeemable non-controlling interests) $ (86,983 ) $ (101,851 ) Adjustments to reconcile net loss to net cash provided by operating activities: Stock-based compensation 87,184 72,961 Amortization of deferred contract costs 26,004 21,684 Depreciation and amortization 7,368 5,082 Provision for credit losses 2,157 1,717 Value of common stock donated to charity 2,764 2,391 (Accretion) amortization of (discount) premium on marketable securities (1,605 ) 1,579 Non-cash foreign exchange loss (802 ) 473 Fair value adjustments to contingent consideration (223 ) — Fixed asset write offs 436 128 Other 1 8 Changes in operating assets and liabilities: Accounts receivable (227 ) 7,269 Prepaid expenses and other current assets (1,365 ) 1,946 Deferred contract costs (34,764 ) (32,609 ) ROU assets and liabilities 2,123 1,903 Other assets (506 ) (324 ) Accounts payable (3,326 ) 2,859 Accrued expenses and other current liabilities 2,105 9,321 Deferred revenue 19,517 8,363 Other long-term liabilities (261 ) 129 Net cash provided by operating activities 19,597 3,029 CASH FLOWS FROM INVESTING ACTIVITIES: Cash paid for acquisition, net of cash acquired — (16,319 ) Purchases of property and equipment (12,147 ) (3,439 ) Capitalized internal-use software costs (3,023 ) (2,536 ) Purchases of marketable securities (179,545 ) (191,922 ) Maturities of marketable securities 159,086 194,737 Net cash used in investing activities (35,629 ) (19,479 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from exercise of common stock options 3,682 5,949 Proceeds from stock associated with employee stock purchase plan 4,752 3,222 Payments of deferred purchase consideration (2,916 ) (165 ) Net cash provided by financing activities 5,518 9,006 Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash 225 (806 ) Net change in cash, cash equivalents, and restricted cash (10,289 ) (8,250 ) Cash, cash equivalents, and restricted cash, beginning of period 72,131 72,623 Cash, cash equivalents, and restricted cash, end of period $ 61,842 $ 64,373 BRAZE, INC. U.S. GAAP RECONCILIATION OF NON-GAAP ADJUSTED RESULTS (in thousands, except per share amounts) The following tables reconcile each non-GAAP financial measure to its most directly comparable GAAP financial measure: Reconciliation of GAAP to Non-GAAP Gross Margin Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Gross profit $ 106,142 $ 87,582 $ 299,132 $ 236,308 Plus: Stock-based compensation expense 1,003 900 3,045 2,690 Employer taxes related to stock-based compensation expense 42 29 156 81 Non-GAAP gross profit $ 107,187 $ 88,511 $ 302,333 $ 239,079 GAAP gross margin 69.8 % 70.7 % 69.1 % 69.3 % Non-GAAP gross margin 70.5 % 71.4 % 69.8 % 70.1 % Reconciliation of GAAP to Non-GAAP Operating Expenses Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 GAAP sales and marketing expense $ 74,658 $ 66,395 $ 213,054 $ 184,074 Less: Stock-based compensation expense 9,608 7,899 28,945 23,554 Employer taxes related to stock-based compensation expense 247 245 1,070 609 Restructuring expense — — — 541 Non-GAAP sales and marketing expense $ 64,803 $ 58,251 $ 183,039 $ 159,370 GAAP research and development expense $ 32,855 $ 29,872 $ 100,369 $ 88,749 Less: Stock-based compensation expense 10,343 9,479 32,623 29,251 Employer taxes related to stock-based compensation expense 220 199 1,400 721 Non-GAAP research and development expense $ 22,292 $ 20,194 $ 66,346 $ 58,777 GAAP general and administrative expense $ 31,199 $ 26,448 $ 86,309 $ 75,884 Less: Stock-based compensation expense 7,364 5,761 21,805 17,466 Employer taxes related to stock-based compensation expense 127 84 567 239 1% Pledge charitable contribution expense 1,417 1,427 2,764 2,391 Acquisition related expense — — — 1,946 Amortization of intangibles expense 101 215 459 363 Restructuring expense — — — 103 Contingent consideration adjustment (86 ) — (223 ) — Non-GAAP general and administrative expense $ 22,276 $ 18,961 $ 60,937 $ 53,376 Reconciliation of GAAP to Non-GAAP Operating Loss Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Loss from operations $ (32,570 ) $ (35,133 ) $ (100,600 ) $ (112,399 ) Plus: Stock-based compensation expense 28,318 24,039 86,418 72,961 Employer taxes related to stock-based compensation expense 636 557 3,193 1,650 1% Pledge charitable contribution expense 1,417 1,427 2,764 2,391 Acquisition related expense — — — 1,946 Amortization of intangibles expense 101 215 459 363 Restructuring expense — — — 644 Contingent consideration adjustment (86 ) — (223 ) — Non-GAAP loss from operations $ (2,184 ) $ (8,895 ) $ (7,989 ) $ (32,444 ) GAAP operating margin (21.4 )% (28.3 )% (23.2 )% (33.0 )% Non-GAAP operating margin (1.4 )% (7.2 )% (1.8 )% (9.5 )% Reconciliation of GAAP to Non-GAAP Net Income (Loss) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Net loss attributable to Braze, Inc. $ (27,911 ) $ (30,741 ) $ (86,551 ) $ (100,889 ) Plus: Stock-based compensation expense 28,318 24,039 86,418 72,961 Employer taxes related to stock-based compensation expense 636 557 3,193 1,650 1% Pledge charitable contribution expense 1,417 1,427 2,764 2,391 Acquisition related expense — — — 1,946 Amortization of intangibles expense 101 215 459 363 Restructuring expense — — — 644 Contingent consideration adjustment (86 ) — (223 ) — Non-GAAP net income (loss) attributable to Braze, Inc. (1) $ 2,475 $ (4,503 ) $ 6,060 $ (20,934 ) Non-GAAP net income (loss) per share attributable to Braze, Inc. common stockholders, basic $ 0.02 $ (0.05 ) $ 0.06 $ (0.21 ) Non-GAAP net income (loss) per share attributable to Braze, Inc. common stockholders, diluted $ 0.02 $ (0.05 ) $ 0.06 $ (0.21 ) Weighted-average shares used to compute net income (loss) per share attributable to Braze, Inc. common stockholders, basic 102,146 97,880 101,714 97,615 Weighted-average shares used to compute net income (loss) per share attributable to Braze, Inc. common stockholders, diluted 106,820 97,880 106,614 97,615 (1) Assumes no non-GAAP tax expenses associated with the non-GAAP adjustment due to the Company’s historical non-GAAP net loss position and available deferred tax assets sufficient to offset such non-GAAP tax expense. Reconciliation of GAAP Cash Flow from Operating Activities to Non-GAAP Free Cash Flow Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Net cash provided by/(used in) operating activities $ (11,410 ) $ (2,003 ) $ 19,597 $ 3,029 Less: Purchases of property and equipment (1,923 ) (3,012 ) (12,147 ) (3,439 ) Capitalized internal-use software costs (915 ) (896 ) (3,023 ) (2,536 ) Non-GAAP free cash flow $ (14,248 ) $ (5,911 ) $ 4,427 $ (2,946 ) Source: Braze, Inc. Braze is a registered trademark of Braze, Inc. All product and company names herein may be trademarks of their registered owners. View source version on businesswire.com : https://www.businesswire.com/news/home/20241209508572/en/ CONTACT: Investors: Christopher Ferris IR@braze.com (609) 964-0585Media: Meghan Halaszynski Press@braze.com KEYWORD: NEW YORK UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TECHNOLOGY MARKETING ADVERTISING COMMUNICATIONS SOFTWARE NETWORKS INTERNET DIGITAL MARKETING DATA MANAGEMENT ARTIFICIAL INTELLIGENCE SOURCE: Braze Copyright Business Wire 2024. PUB: 12/09/2024 04:05 PM/DISC: 12/09/2024 04:06 PM http://www.businesswire.com/news/home/20241209508572/enNoneOil prices higher on China boost, Syria uncertainty

Bengals optimistic heading into new month, meeting vs. Steelers

NEW YORK (AP) — The man accused of fatally shooting the CEO of UnitedHealthcare pleaded not guilty on Monday to state murder and terror charges while his attorney complained that comments coming from New York’s mayor would make it tough to receive a fair trial. Luigi Mangione, 26, was shackled and seated in a Manhattan court when he leaned over to a microphone to enter his plea. The Manhattan district attorney charged him last week with multiple counts of murder, including murder as an act of terrorism . Mangione's initial appearance in New York’s state trial court was preempted by federal prosecutors bringing their own charges over the shooting. The federal charges could carry the possibility of the death penalty, while the maximum sentence for the state charges is life in prison without parole. Prosecutors have said the two cases will proceed on parallel tracks , with the state charges expected to go to trial first. One of Mangione’s attorneys told a judge that the “warring jurisdictions" had turned Mangione into a “human ping-pong ball” and that New York City Mayor Eric Adams and other government officials had made him a political pawn, robbing him of his rights as a defendant and tainting the jury pool. “I am very concerned about my client’s right to a fair trial,” lawyer Karen Friedman Agnifilo said. Adams and Police Commissioner Jessica Tisch stood among a throng of heavily armed officers last Thursday when Mangione was flown to a Manhattan heliport and escorted up a pier after being extradited from Pennsylvania. Friedman Agnifilo said police turned Mangione’s return to New York into a choreographed spectacle. She called out Adams' comment to a local TV station that he wanted to be there to look “him in the eye and say, ‘you carried out this terroristic act in my city.’” “He was on display for everyone to see in the biggest stage perp walk I’ve ever seen in my career. It was absolutely unnecessary,” she said. She also accused federal and state prosecutors of advancing conflicting legal theories, calling their approach confusing and highly unusual. In a statement, Adams spokesperson Kayla Mamelak Altus wrote: “Critics can say all they want, but showing up to support our law enforcement and sending the message to New Yorkers that violence and vitriol have no place in our city is who Mayor Eric Adams is to his core.” “The cold-blooded assassination of Brian Thompson — a father of two — and the terror it infused on the streets of New York City for days has since been sickeningly glorified, shining a spotlight on the darkest corners of the internet,” Mamelak Altus said. State trial court Judge Gregory Carro said he has little control over what happens outside the courtroom, but can guarantee Mangione will receive a fair trial. Authorities say Mangione gunned down Thompson as he was walking to an investor conference in midtown Manhattan on the morning of Dec 4. Mangione was arrested in a Pennsylvania McDonald’s after a five-day search, carrying a gun that matched the one used in the shooting and a fake ID, police said. He also was carrying a notebook expressing hostility toward the health insurance industry and especially wealthy executives, according to federal prosecutors. At a news conference last week, Manhattan District Attorney Alvin Bragg said the application of the terrorism law reflected the severity of a “frightening, well-planned, targeted murder that was intended to cause shock and attention and intimidation.” “In its most basic terms, this was a killing that was intended to evoke terror,” he added. Mangione is being held in a Brooklyn federal jail alongside several other high-profile defendants, including Sean “Diddy” Combs and Sam Bankman-Fried. During his court appearance Monday, he smiled at times when talking with his attorneys and stretched his right hand after an officer removed his cuffs. Outside the courthouse, a few dozen supporters chanted, “Free Luigi,” over the blare of a trumpet. Natalie Monarrez, a 55-year-old Staten Island resident, said she joined the demonstration because she lost both her mother and her life savings as a result of denied insurance claims. “As extreme as it was, it jolted the conversation that we need to deal with this issue,” she said of the shooting. “Enough is enough, people are fed up.” An Ivy-league graduate from a prominent Maryland family, Mangione appeared to have cut himself off from family and friends in recent months. He posted frequently in online forums about his struggles with back pain. He was never a UnitedHealthcare client , according to the insurer. Thompson, a married father of two high-schoolers, had worked at the giant UnitedHealth Group for 20 years and became CEO of its insurance arm in 2021. The killing has prompted some to voice their resentment at U.S. health insurers, with Mangione serving as a stand-in for frustrations over coverage denials and hefty medical bills. It also has sent shockwaves through the corporate world , rattling executives who say they have received a spike in threats.Palantir: My Top Short Idea For 2025

Volodymyr Zelensky ’s suggestion that Ukraine could temporarily cede territory to Russia in exchange for joining Nato would mark a “major concession” to Vladimir Putin , the UK’s former ambassador to Russia has said. In a significant development on the route to a potential ceasefire after 33 months of conflict, the Ukrainian president indicated for the first time that Kyiv could accept Russian control over some of its territory in order to end the “hot phase of the war”. With Moscow appearing to ramp up its push for territory in Ukraine’s east ahead of Donald Trump’s return to the White House in January, Mr Zelensky told Sky News that peace could be struck if territory he controls is taken “under the Nato umbrella”, allowing him to negotiate the return of the rest later “in a diplomatic way”. Praising Mr Zelensky as “playing a very sophisticated game”, Sir Tony Brenton – who served as ambassador to Russia between 2004 and 2008 – told the broadcaster: “He knows that Trump is about to descend on him and on Russia. He is already arranging to have something to offer Trump. “What he is suggesting in many ways is bringing us much closer to the obvious target area which is a freeze in the fighting where the lines actually currently are and then an eventual negotiation about who retains which bit of territory, and then security guarantees for Ukraine in the course of that ceasefire.” Warning that Nato membership for Ukraine is “frankly going to be very, very difficult”, he said that Mr Zelensky’s statement that he is prepared to see a ceasefire and then negotiate the return of Russian-occupied territory in Ukraine over the longer term would be viewed by Mr Putin as a concession. “That is actually quite a major concession, because the longer term could be a very long time indeed,” he said, adding: “[Putin] will say to himself, ‘ah, they are feeling weak, I can press for more’. That is a danger if we go into this.” The Russian president is currently “keeping his cards very close to his chest” in terms of his views on how to end the conflict, which he believes he is winning, said Sir Tony. Moscow’s troops have been making steady gains in Ukraine’s east – but at a cost of incurring potentially record casualties . But if such a deal were to be struck, both Kyiv and its allies would be able to present it as a victory in securing “a free democratic Ukraine linked to the West”, Sir Tony said. In further remarks to Sky News, the UK’s former representative to Nato, Sir Adam Thomson, said that Mr Zelensky was merely suggesting “agreement to disagree over who owns a chunk of Ukraine currently owned by Russia”, with Moscow being given merely “a de facto control that could change at some future stage through diplomacy”. Sir Adam said: “Putin would have seized some territory, he would have done it at extraordinary cost – billions and billions of dollars, two new Nato members already, a thousand or more Russian soldiers being killed or wounded every day at the moment. “It’s in that sense a compromise. He’s got some territory under his control, it’s not recognised, and it’s an outcome that means he’s lost the rest of Ukraine and alienated Europe for a generation.” Throughout the conflict, Mr Zelensky has never said he would cede any occupied Ukrainian territory to Russia, including Crimea, which Russia occupied in February 2014. In September 2022, Russia unilaterally declared its annexation of areas in and around the Ukrainian oblasts of Donetsk, Kherson, Luhansk and Zaporizhzhia despite not controlling all of those territories. Yet war analysts say Russia has been gaining territory in recent weeks on Ukraine’s eastern front at the fastest pace since the early days of the war, as both Moscow and Kyiv look ahead to Mr Trump’s return to the White House in January. The US president-elect has claimed he could end the war “in a day”. Historian Dr Mark Galeotti, author of Forged in War: A Military History of Russia , said Mr Zelensky’s comments in part likely reflect “the unfolding political and military realities, as the Russians continue to advance and Donald Trump's shadow looms over everything”. “But I think it may also be Zelensky's attempt to, in effect, call the West's bluff,” Dr Galeotti told The Independent . “Actually getting all Nato’s 32 members to agree to a quick membership would be very difficult, but in effect he is asking, ‘if not the Article 5 security guarantee, what else could be offered?’” Mr Zelensky’s ex-foreign minister Dmytro Kuleba said earlier this week that it was inconceivable that he could sign a deal surrendering territory, telling Politico : “The Russians keep the Donbas, they keep Crimea, no Nato membership. Can Zelensky sign? He cannot because of the Constitution. And because it will be the end of Zelensky politically.” Last month, Mr Zelensky unveiled his “victory plan” , which calls for Ukraine’s unconditional accession to Nato, a refusal to trade Ukraine’s territories currently occupied by Russian forces, and the continuation of the Ukrainian incursion into Russia’s Kursk region.Braze Reports Fiscal Third Quarter 2025 Results

Symbotic ( NASDAQ:SYM – Free Report ) had its price objective decreased by Needham & Company LLC from $46.00 to $35.00 in a research report released on Wednesday, Benzinga reports. Needham & Company LLC currently has a buy rating on the stock. A number of other equities research analysts have also recently issued reports on SYM. Citigroup lowered their price objective on Symbotic from $62.00 to $49.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. The Goldman Sachs Group dropped their price target on shares of Symbotic from $40.00 to $30.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Symbotic from $58.00 to $59.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. TD Cowen increased their target price on Symbotic from $43.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, DA Davidson cut Symbotic from a “buy” rating to a “neutral” rating and reduced their price target for the company from $50.00 to $35.00 in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.69. Get Our Latest Stock Report on SYM Symbotic Stock Up 12.1 % Symbotic ( NASDAQ:SYM – Get Free Report ) last posted its quarterly earnings data on Monday, November 18th. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. Symbotic had a positive return on equity of 6.54% and a negative net margin of 0.32%. The business had revenue of $576.77 million for the quarter, compared to the consensus estimate of $470.24 million. During the same quarter in the prior year, the business earned ($0.08) earnings per share. Symbotic’s revenue for the quarter was up 47.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Symbotic will post 0.2 earnings per share for the current year. Insider Activity at Symbotic In other news, insider Michael David Dunn sold 5,266 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $23.81, for a total value of $125,383.46. Following the completion of the transaction, the insider now directly owns 85,224 shares in the company, valued at approximately $2,029,183.44. This represents a 5.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link . Also, Director Todd Krasnow sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $18.75, for a total value of $37,500.00. Following the transaction, the director now directly owns 214,036 shares in the company, valued at approximately $4,013,175. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders have sold 49,878 shares of company stock valued at $1,378,056 over the last three months. 38.30% of the stock is owned by corporate insiders. Institutional Trading of Symbotic Several hedge funds and other institutional investors have recently bought and sold shares of SYM. Castleview Partners LLC lifted its holdings in shares of Symbotic by 50.0% in the 3rd quarter. Castleview Partners LLC now owns 1,500 shares of the company’s stock worth $37,000 after acquiring an additional 500 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new position in Symbotic in the 3rd quarter worth $49,000. RiverPark Advisors LLC lifted its stake in Symbotic by 147.1% in the third quarter. RiverPark Advisors LLC now owns 2,034 shares of the company’s stock worth $50,000 after purchasing an additional 1,211 shares during the last quarter. RFP Financial Group LLC boosted its position in Symbotic by 22.4% during the second quarter. RFP Financial Group LLC now owns 1,692 shares of the company’s stock valued at $59,000 after buying an additional 310 shares during the period. Finally, Quest Partners LLC grew its stake in shares of Symbotic by 19,307.7% during the third quarter. Quest Partners LLC now owns 2,523 shares of the company’s stock valued at $62,000 after buying an additional 2,510 shares during the last quarter. Symbotic Company Profile ( Get Free Report ) Symbotic Inc, an automation technology company, engages in developing technologies to improve operating efficiencies in modern warehouses. The company automates the processing of pallets and cases in large warehouses or distribution centers for retail companies. Its systems enhance operations at the front end of the supply chain. Read More Receive News & Ratings for Symbotic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Symbotic and related companies with MarketBeat.com's FREE daily email newsletter .The U.S. Food Drug Administration (FDA) has granted accelerated approval of a new drug for treating bilary tract cancer that was developed by Vancouver’ s Zymeworks Inc. (Nasdaq: ZYME) under a licensing and commercialization agreement with Jazz Pharmaceuticals. The new drug, Ziihera, could net Zymeworks more than $1 billion just in milestone payments, and millions more in royalties, upon full commercialization. Gaining the FDA’s accelerated approval triggers a $25 million milestone payment to Zymeworks from Jazz Pharmaceuticals – the first of more to come, should other milestones be reached. Under its licensing agreement, Zymeworks is eligible for up to $500 million in regulatory milestones, $862.5 million in commercial milestone payments, and royalties of 10 to 20 per cent on sales. “This approval represents the first FDA-approved therapy in Zymeworks’ pipeline, and validates the company’s novel Azymetric bispecific platform technology and internal research and development capabilities for novel multifunctional medicines,” Zymeworks says in a news release. “The FDA’s accelerated approval of Ziihera marks the culmination of more than a decade of research and development at Zymeworks, highlighting our deep scientific expertise in multifunctional biotherapeutics and unwavering commitment to innovation in drug development,” said Paul Moore, Zymeworks’ chief science officer. Ziihera is one of several variations of the bispecific antibody Zanidatamab that Zymeworks developed for treating various types of cancer, and one of three in the advanced “pivotal” trial phase. Several others are at phase 2 in clinical trials. In 2022, Zymeworks entered a licence and collaboration agreement with Jazz Pharmaceuticals Ireland Ltd -- a subsidiary of Jazz Pharmaceuticals plc -- for the exclusive development and commercialization rights to Zanidatamab in the U.S., Europe, Japan and other countries. A study published last year in The Lancet concluded that Zanidatamab “demonstrated meaningful clinical benefit with a manageable safety profile in patients with treatment-refractory, HER2-positive biliary tract cancer.” [email protected] twitter.com/nbennett_biv

Trump’s promises to conservatives raise fears of more book bans in US

Secretaries of State are being told that any outgoings which are not contributing towards one of Labour’s “priorities” must be cut as Rachel Reeves vows to wield “an iron fist against waste.” In letters sent by Chief Secretary to the Treasury Darren Jones, departments will be told to brace for “difficult” spending decisions in order to restore trust in the Government’s handling of the public finances. Every pound of departmental spending will be face a “line-by-line review” involving external finance experts from banks and think tanks in order to ensure it represents good value for money, the Treasury said. The Chancellor will on Tuesday launch the next round of Government spending, and is expected to warn departments that they “cannot operate in a business-as-usual way when reviewing their budgets for the coming years”. She will insist that areas focused on Prime Minister Sir Keir Starmer’s “plan for change”, which includes targets to improve living standards across the country and build 1.5 million homes, must be prioritised. Ms Reeves said: “By totally rewiring how the Government spends money we will be able to deliver our plan for change and focus on what matters for working people. “The previous government allowed millions of pounds of taxpayers’ money to go to waste on poor value for money projects. We will not tolerate it; I said I would have an iron grip on the public finances and that means taking an iron fist against waste. “By reforming our public services, we will ensure they are up to scratch for modern day demands, saving money and delivering better services for people across the country. That’s why we will inspect every pound of Government spend, so that it goes to the right places and we put an end to all waste.” Under the Treasury’s plans, departments will ensure budgets are scrutinised by “challenge panels” of external experts including former senior management of Lloyd’s Banking Group, Barclays Bank and the Co-operative Group. These panels, which will also involve think tanks, academics and the private sector, will advise on which spending “is or isn’t necessary”, the ministry said. The Treasury said work has already begun, with an evaluation of the £6.5 million spent on a scheme that placed social workers in schools finding “no evidence of positive impact on social care outcomes”. “Departments will be advised that where spending is not contributing to a priority, it should be stopped,” it said. “Although some of these decisions will be difficult, the Chancellor is clear that the public must have trust in the Government that it is rooting out waste and that their taxes are being spent on their priorities.” Ms Reeves had already announced efficiency and productivity savings of 2% across departments in her autumn Budget as she seeks to put the public finances on a firmer footing. In a speech in east London, Chancellor of the Duchy of Lancaster Pat McFadden hinted at a further squeeze. “At the Budget the Chancellor demanded efficiency and productivity savings of 2% across departments – and there will be more to come,” he said. “As we launch the next phase of the spending review at its heart must be reform of the state in order to do a better job for the public.” The Liberal Democrats accused the Government of “missing opportunities and making self-defeating decisions” in the Budget, and urged it not to “make the same mistakes” in the spending review. The party’s Treasury spokeswoman, Daisy Cooper, said: “Leaving the social care sector in crisis is a false economy that will only put people at risk and damage the public finances. “The Government cannot afford to make the same mistakes in the spending review as they did with the Budget, missing opportunities and making self-defeating decisions. “The Government must use this Review to invest to save, taking into account the billions of pounds that could be saved in the NHS budget by investing.”