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Brisbane military supplier sailing with a tailwindNEW YORK--(BUSINESS WIRE)--Nov 26, 2024-- Rosen Law Firm, a global investor rights law firm, announces that a shareholder filed a class action on behalf of all purchasers of Celsius Holdings, Inc. (NASDAQ: CELH) common stock between February 29, 2024 and September 4, 2024, both dates inclusive (the “Class Period”). Celsius is a holding company that develops, processes, markets, distributes, and sells energy drinks and liquid supplements. For more information, submit a form , email attorney Phillip Kim, or give us a call at 866-767-3653. The Allegations: Rosen Law Firm is Investigating the Allegations that Celsius Holdings, Inc. (NASDAQ: CELH) Misled Investors Regarding its Business Operations. According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Celsius materially oversold inventory to PepsiCo, Inc. (“Pepsi”) far in excess of demand, and faced a looming sales cliff during which Pepsi would significantly reduce its purchases of Celsius products; (2) as Pepsi drew down significant amounts of inventory overstock, Celsius’ sales would materially decline in future periods, hurting Celsius’ financial performance and outlook; (3) Celsius’ sales rate to Pepsi was unsustainable and created a misleading impression of Celsius’ financial performance and outlook; (4) as a result, Celsius’ business metrics and financial prospects were not as strong as indicated in defendants’ Class Period statements; and (5) consequently, defendants’ statements regarding Celsius’ outlook and expected financial performance were false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. What Now: You may be eligible to participate in the class action against Celsius Holdings, Inc. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by January 21, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here . All representation is on a contingency fee basis. Shareholders pay no fees or expenses. About Rosen Law Firm: Some law firms issuing releases about this matter do not actually litigate securities class actions. Rosen Law Firm does. Rosen Law Firm is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses, improving corporate governance structures, and holding company executives accountable for their wrongdoing. Since its inception, Rosen Law Firm has obtained over $1 billion for shareholders. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. View source version on businesswire.com : https://www.businesswire.com/news/home/20241126225500/en/ CONTACT: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com KEYWORD: NEW YORK UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: CLASS ACTION LAWSUIT PROFESSIONAL SERVICES LEGAL SOURCE: The Rosen Law Firm, P.A. Copyright Business Wire 2024. PUB: 11/26/2024 01:00 PM/DISC: 11/26/2024 01:01 PM http://www.businesswire.com/news/home/20241126225500/enKaleb Johnson rushes 35 times for 164 yards in Iowa's 29-13 victory over MarylandInvestors eye bullish 2025 as S&P 500 rallies on AI and growth policies
No. 15 Tennessee women beat Winthrop 112-50 for seventh 12-0 start in program historyFarewell to a legend
Nio ( NIO 2.98% ) , one of the leading electric vehicle (EV) makers in China, posted a messy third-quarter earnings report on Nov. 20. Its revenue dipped 2% year over year to 18.67 billion yuan ($2.66 billion) and missed analysts' estimates by 0.47 billion yuan. Its net loss widened from 3.95 billion yuan to 5.06 billion yuan ($721 million), or 2.14 yuan ($0.31) per American depositary receipt (ADR) -- which also missed the consensus forecast by 0.22 yuan. Those headline numbers were disappointing, but Nio's stock barely budged after the report. That might be because its stock already sank nearly 50% this year and remains more than 25% below its initial public offering (IPO) price . So should you buy, sell, or hold Nio's stock today? What sets Nio apart from its competitors? Nio sells a wide range of electric sedans and SUVs. It sells most of its vehicles in China, but it's been gradually expanding into Europe. It stands out from the competition because its batteries can be quickly swapped out at its battery-swapping stations. Nio's namesake ET, ES, and EC-series vehicles target the premium market. Its Onvo sub-brand sells cheaper smart vehicles, and its new Firefly sub-brand will roll out its first plug-in hybrid electric vehicles (PHEVs) for overseas markets in 2026. How fast is Nio growing? Nio started delivering its first vehicles in 2018. It attracted a lot of attention when its deliveries more than doubled in 2020 and 2021, but it lost its momentum in 2021 and 2022 as China's EV market cooled off. Macro headwinds, weather-related disruptions, and intense competition exacerbated its slowdown. Metric 2019 2020 2021 2022 2023 9M 2024 Deliveries 20,565 43,728 91,429 122,486 160,038 149,281 Growth (YOY) 81% 113% 109% 34% 31% 36% Data source: Nio. YOY = Year over year. But in the first nine months of 2024, Nio's deliveries accelerated again. That acceleration was driven by its strong sales of ET-series sedans and Onvo smart vehicles in China, as well as its expansion into Europe. By the end of October, its year-to-date deliveries had risen 35% year over year to 170,257 vehicles. Nio expects to deliver 72,000 to 75,000 vehicles in the fourth quarter of 2024, which implies its full-year deliveries will grow 51% to 53% from 2023. Analysts expect its revenue to grow 25% for the full year and rise 42% in 2024. Based on those expectations, Nio's stock looks dirt cheap at a price-to-sales ratio of less than 1. By comparison, Tesla trades at 9 times next year's sales. Will Nio ever turn a profit? Nio's vehicle margin jumped from negative 9.9% in 2019 to positive 20.2% in 2021. However, that figure dropped to 9.5% in 2023 and 9.2% in the first quarter of 2024 as the persistent price war in China's softening EV market throttled its pricing power. That pressure drove a lot of investors away from Nio, but its vehicle margin actually rose to 12.2% in the second quarter of 2024 and 13.1% in the third quarter. During the conference call , CFO Stanley Qu set a target vehicle margin for 15% in the fourth quarter and said that would represent its "baseline" for 2025 as it sold a higher mix of premium vehicles. Qu also expects Nio's gross margin to rise from 9% in the first nine months of 2024 to 20% over the long term as it optimizes its marketing strategies and supply chain. But some of those gains could potentially be offset by the rising tariffs on Chinese EVs in Europe and other overseas markets. Even if Nio's vehicle and gross margins expand, its operating margin will likely stay in the red as it builds more loss-leading battery swapping stations. Analysts expect the company to gradually narrow its net losses through 2026, but it won't come close to breaking even anytime soon. Is it the right time to buy, sell, or hold Nio's stock? I think it's smarter to buy or hold Nio's stock than to sell it. Its deliveries are accelerating, its vehicle margins are rising, and its stock is undervalued. The threat of higher tariffs and the EV price war in China could squeeze its near-term valuations, but its stock could soar if it successfully scales up its business.A look at how some of Trump's picks to lead health agencies could help carry out Kennedy's overhaul Donald Trump's health team picks include a retired congressman, a surgeon and a former talk-show host. All could play pivotal roles in fulfilling an agenda that could change how the government goes about safeguarding Americans’ health, from health care and medicines to food safety and science research. In line to be Trump's health secretary is anti-vaccine organizer Robert F. Kennedy Jr. He says his task is to “reorganize” federal health agencies. They employ 80,000 scientists, researchers, doctors and other officials, and effect Americans’ daily lives. Trump raced to pick many Cabinet posts. He took more time to settle on a treasury secretary WASHINGTON (AP) — President-elect Donald Trump launched a blitz of picks for his Cabinet, but he took his time settling on billionaire investor Scott Bessent as his choice for treasury secretary. The Republican not only wanted someone who jibes with him, but an official who can execute his economic vision and look straight out of central casting while doing so. With his Yale University education and pedigree trading for Soros Fund Management before establishing his own funds, Bessent will be tasked with a delicate balancing act. Trump expects him to help reset the global trade order, enable trillions of dollars in tax cuts, ensure inflation stays in check, manage a ballooning national debt and still keep the financial markets confident. Israeli strikes in central Beirut kill at least 20 as diplomats push for a cease-fire BEIRUT, Lebanon (AP) — Lebanese officials say Israeli airstrikes have killed at least 20 people and injured dozens in central Beirut, as the once-rare attacks on the heart of Lebanon’s capital continue without warning. Diplomats are scrambling to broker a cease-fire but say obstacles still remain. The current proposal calls for a two-month cease-fire during which Israeli forces would withdraw from Lebanon and Hezbollah would end its armed presence along the southern border south of the Litani River. Lebanon’s Health Ministry says Israeli attacks have killed more than 3,500 people in Lebanon in the months of fighting that have turned into all-out war. Voters rejected historic election reforms across the US, despite more than $100M push JEFFERSON CITY, Mo. (AP) — Election reform advocates had hoped for a big year at the ballot box. That's because a historic number of states were considering initiatives for ranked choice voting or to end partisan primaries. Instead, voters dealt them big losses in the November elections. Voters in Arizona, Colorado, Idaho, Missouri, Montana, Nevada, Oregon and South Dakota all rejected proposed changes to their voting systems. In Alaska, a proposal to repeal ranked choice voting appears to have narrowly fallen short. The losses in many states came even though election reform supporters raised more than $100 million, easily outpacing opponents. Supporters say they aren't giving up but plan to retool their efforts. The week that upped the stakes of the Ukraine war KYIV, Ukraine (AP) — This past week has seen the most significant escalation in hostilities Ukraine has witnessed since Russia's full-scale invasion and marks a new chapter in the nearly three-year war. It began with U.S. President Joe Biden reversing a longstanding policy by granting Kyiv permission to deploy American longer-range missiles inside Russian territory and ended with Moscow striking Ukraine with a new experimental ballistic weapon that has alarmed the international community and heightened fears of further escalation. US reels from rain, snow as second round of bad weather approaches for Thanksgiving week WINDSOR, Calif. (AP) — The U.S. is reeling from snow and rain while preparing for another bout of bad weather ahead of Thanksgiving that could disrupt holiday travel. California is bracing for more snow and rain while still grappling with some flooding and small landslides from a previous storm. The National Weather Service has issued a winter storm warning for California's Sierra Nevada through Tuesday, with heavy snow expected at high elevations. Parts of the Northeast and Appalachia are also starting the weekend with heavy precipitation. Meanwhile thousands remain without power in the Seattle area after a “bomb cyclone” storm system roared ashore the West Coast earlier in the week, killing two people. Even with access to blockbuster obesity drugs, some people don't lose weight Most people taking popular drugs like Ozempic and Wegovy to lose weight have shed significant pounds. But obesity experts say that roughly 20% of patients — as many as 1 in 5 — may not see robust results with the new medications. The response to the drugs varies from person to person and can depend on genetics, hormones and differences in how the brain regulates energy. Undiagnosed medical conditions and some drugs can prevent weight loss. Experts say it can take experimentation to help so-called nonresponders find results. Fighting between armed sectarian groups in restive northwestern Pakistan kills at least 37 people PESHAWAR, Pakistan (AP) — A senior Pakistani police officer says fighting between armed sectarian groups in the country's restive northwest has killed at least 37 people. The overnight violence was the latest to rock Kurram, a district in Khyber Pakhtunkhwa province, and comes days after a deadly gun ambush killed 42 people. The officer said Saturday that armed men torched shops, houses and government property overnight. Gunfire is ongoing between rival tribes. Although Sunnis and Shiites generally live together peacefully in Pakistan, tensions remain in some areas, especially Kurram. Hydrate. Make lists. Leave yourself time. And other tips for reducing holiday travel stress Travel, especially during the holiday season, can be stressful. But following some tips from the pros as you prepare for a trip can make for a smoother, less anxious experience. One expert traveler suggests making a list a week before you go of things you need to do and pack. Cross off each item as you complete it during the week. Another tip is to carry your comfort zone with you. That could mean noise-canceling headphones, playlists meant to soothe airport travelers, entertainment and snacks from home. Carry a change of clothes and a phone charger in case of delays. Stay hydrated. Leave extra time. And know your airline's rules. Downloading the airline's app can help with that. Andy Murray will coach Novak Djokovic through the Australian Open Recently retired Andy Murray will team up with Novak Djokovic, working with him as a coach through the Australian Open in January. Murray’s representatives put out statements from both players on Saturday. Djokovic is a 24-time Grand Slam champion who has spent more weeks at No. 1 than any other player in tennis history. Murray won three major trophies and two Olympic singles gold medals who finished 2016 atop the ATP rankings. He retired as a player after the Paris Summer Games in August.AHL GlanceJust oblivious to chappli kabab and qehwa getting cold on side table of his workshop, Zafar Ali, an electrician in Pabbi town of Nowshera district, was busy in repairing geysers, gas heaters and electric rods to deliver these appliances to owners as per deadline. As the day dawns, Zafar Ali rushes to his electric workshop on his motorbike every morning no matter the weather is cold or foggy in winters or it is scorching heat of summer, with tester and pliers in hand and diagnosing faults in these appliances with the help of his two assistants. Busy like a honey bee the whole day and commonly known as ‘Ustad’, after having years’ long skill and experience in repairing multiple home appliances, Zafar not only runs his own workshop but also help out other mechanics in tracing faults in appliances running their shops. “After completing DAE in electronics from Government Technical Institute Peshawar, I setup a small workshop in a room of my house for repairing electric appliances a few years back,” Zafar informed. “But, now I have a modern workshop in Pabbi where five other people are also employed.” “By gradually expanding my business, now I have started houses electrification that makes me earn more profit as I charge around Rs 50,000 for one 10 marla house electric wiring. However, these charges vary in urban and rural areas,” he said. “I am satisfied with my business and even refused foreign visas offered by construction companies,” he said and suggested to promote vocational education to enable our youth to establish their businesses and earn respectful living locally instead of going abroad and work in inhumane conditions. Zafar is an example for our migrants proceeding abroad illegally even at the risk of their lives as well as for the governments who must revisit their policies and focus this sector for preparing technical hands who can earn respectable living indigenously. As the Federal Government has significantly improved the vocational education system in recent years, Khyber Pakhtunkhwa still lags behind due to poor investment, outdated curriculum and insufficient faculty to meet modern day labor market needs. “Poor investment, outdated syllabus and lackluster patronage to vocational education and professional training contributed to increase in unemployment, illiteracy and poverty,” remarked Professor Dr Naeem ur Rehman, former Chairman Economics Department University of Peshawar. He claimed that although slightly yet unemployment rate in country was increasing and according to 2017 national population census, major portion of our population is youth for whom hundreds of thousands jobs would be required in next decade or two. He emphasized to specially focusing vocational education and creating more jobs and small business opportunities within the country to save country from brain drain. “When our youth visit GULF for employment, they spend normally eight months to two years to get LTV, HTV driving licenses and operational expertise for operating different machines. He claimed that more than 11 million Pakistanis proceeded to over 50 countries till December 2019 to get employment after fulfilling official procedures and many among them would also be experts of their fields. “This trend would ultimately create dearth of experienced hands to execute important projects within the country.” He said CPEC alone has the potential to generate 1.2 million direct jobs for youth and “we need to divert financial resources towards strengthening technical educational institutes to tap this potential.” Meanwhile, PML-N MPA Sobia Shahid claimed that Prime Minister Muhammad Shehbaz Sharif has launched series of programs to promote technical and vocational education and empower youth. “These programs include2,000 Internships for young engineers, youth transformation programs for 20 under developed districts countrywide, innovation fund and Top Talent Scholarships Program, free laptop scheme besides sending 600 students to China for technical education.” She was however critical of the lackluster approach and poor investment of the PTI government in technical education as it failed to implement a uniformed education system and fulfill financial requirements of technical and vocational training institutes. Engr Sajjad Khan, Managing Director Technical Education and Vocational Training Authority KP said massive finances were required to construct technical educational institutes and strengthening existing ones in Torghar, Kolai Palas and seven districts of merged areas. He stressed special focus on infrastructure development, equipment, furniture, purchase of buses for students and solarization of technical educational institutions in the province. “TEVTA KPK had signed agreements with 32 reputable private organizations to promote technical education for self-employment and thousands students of KP students were provided two-year professional educational training in nine different paramedical technologies,” he informed. Abdul Karim Khan, Special Assistant to KP Chief Minister for Industries, Commerce, Vocational and Technical Education also mentioned to the government’s measures for promoting vocational education and starting education emergency program worth Rs 3.1 billion to arrest unemployment.
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U.S. Energy Development Corporation (USEDC), an exploration and production company focused on the development of energy projects throughout North America, provides its outlook on the oil and gas markets in the wake of Donald Trump’s successful presidential bid and the Republican party securing control of the U.S. Senate and House of Representatives. • Deal Flow: Evaluated over 800 oil and gas opportunities, with strong deal flow continuing into Q4. • Capital Deployment: On track to deploy 100% of the projected $750 million announced earlier this year. • Focus Areas: Continued investments in the Permian Basin, recognized as one of the premier regions for predictable productivity and returns. • Improved Efficiencies: U.S. Energy continues to see wells decrease in cost per lateral foot while maintaining productivity, driving margin expansion. Matthew Iak, USEDC Executive Vice President, provides the following insights: Despite the geopolitical uncertainty in the U.S. and the rest of the world in 2024, the energy markets have remained relatively stable, and deal flow has been strong. It is almost paradoxical that during a tumultuous year, globally and domestically, the energy market’s remarkable achievement has been its truly unremarkable stability. For USEDC, we continued to see a steady, attractive deal flow, many at advantageous price levels for companies with a solid capital structure and robust infrastructure. We anticipate that our teams will evaluate 800-plus deals of all sizes in 2024 and expect to deploy 100% of the projected $750 million announced earlier this year. We continue to actively pursue and invest in deals within the Permian Basin, recognizing it as one of the best areas for predictable productivity and returns. In our recent Oil & Gas Market Update, “‘Drill Baby Drill’: Breaking Down the GOP’s Plan for Oil & Gas Dominance,” we highlighted how the post-election political landscape stands to open significant doors for oil and gas companies. With that said, questions around the current rule-making and regulatory environment remain to be answered, and we will be watching potential changes in this space closely. Proposed Department of Labor regulations could pose challenges across various sectors, while potential tax changes, like the elimination of certain tax treatments by the IRS, such as the 1031 deduction, promise a chilling effect on the oil and gas and real estate markets. This administration could drive positive change in the energy sector if it is able to foster more peace in the Middle East, maintain a strong dollar which makes oil more affordable in the U.S. and increases revenue from international buyers, maintain competitive corporate tax rates and policies, and unlock federal oil leases to boost production. A certainty in the U.S. economy for the past several years was the explosion of energy demand for data centers in almost every major market in the U.S. The advent of artificial intelligence (AI) and the seemingly exponential increase in electricity demand driven by these technologies has completely changed the conversation around domestic natural gas production. For the U.S. to continue to be the world’s leader in AI, data centers, and digital currency production, we also must be the world’s leader in affordable energy and energy infrastructure. Other energy sources, such as nuclear, present compelling options for meeting these demands sustainably and reliably over the long term. However, in the near term, natural gas stands out as a highly viable fuel source due to its extensive reserves – estimated to last for centuries under current consumption rates – and strong pipeline infrastructure. In the upcoming term of the new administration and beyond, it is going to be critical that our government and industry be pro energy in all forms. Conversations in Washington, D.C., Austin and other state capitals should take a long-term view and embrace all energy sources, fossil, nuclear and renewable. Signaling a long-term commitment to a pro-energy economy could make energy companies open to larger, longer-term investments in generation, pipelines and infrastructure that keep us ahead of our international competitors. For now, industries seem to be returning to long-term plans knowing they have at least four years with a pro-energy, pro-business administration. USEDC looks forward to making the most of this opportunity on behalf of the company and our partners. Source: U.S. Energy Development CorporationJohnson scores 33 as Tennessee Tech knocks off NAIA-member Milligan 95-75
Irish premier praises Dublin woman who won civil case against Conor McGregor
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