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BOSTON, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Amwell ® (NYSE: AMWL), a leader in digital care, has announced Chief Financial Officer (CFO) Mark Hirschhorn will take on an expanded role as chief operating officer, effective Jan. 1, 2025. Hirschhorn will now oversee the company's operational and growth strategies, including the clinical, sales and marketing teams, while continuing his responsibilities as CFO. This move reflects Amwell’s commitment to scale its innovative solutions to meet the growing demand for digital healthcare. "Since joining Amwell, Mark has proven himself to be a strong leader, and we’re thrilled to have him step into this expanded role," said Ido Schoenberg, M.D., CEO and chairman of Amwell. "Mark’s operational experience, coupled with his extensive financial acumen, will help us continue to streamline the Amwell portfolio of services and pursue core channels of profitable growth while powering the digital care aspirations of our clients. With these changes, we enable a higher level of focus on our mission of connecting and empowering providers, insurers, and innovators to deliver more accessible, affordable, high-quality care for the benefit of all stakeholders. We also solidify our confidence in our path to cash flow positive in 2026." "I am eager to take on the additional responsibilities as COO," said Hirschhorn. "I look forward to working closely with our talented and streamlined leadership team to sharpen our operational focus on key priorities, drive greater efficiencies, optimize cash flow and deliver profitable growth while pursuing our mission to redefine healthcare delivery through technology-driven solutions." As Amwell continues to streamline processes and drive alignment, two executives will leave the company. Chief Commercial and Growth Officer Kathy Weiler, and Chief Operating Officer Kurt Knight, will depart Amwell at the end of the year. Over her tenure, Weiler has contributed to meaningful cost initiatives while transforming the company’s growth organization. Knight has provided substantial leadership over his 14-year tenure, including key roles in strategy, M&A, the company’s IPO, rapidly scaling operations through the COVID-19 pandemic, and building and managing the company’s affiliated network of providers, Amwell Medical Group ® , a strategic service for payer and provider organizations. “Kathy’s leadership led to the creation of a formally structured and professionalized growth organization, which has had a meaningful and lasting impact on our business. Kurt is a foundational partner in Amwell. He has made an incredible contribution to our company over many years. He played a major role in transforming Amwell into the company it is today, and I am forever grateful. I thank both leaders for their contributions to Amwell,” said Schoenberg. About Amwell Amwell is a leading hybrid care, delivery enablement platform in the United States and globally, connecting and enabling providers, payers, patients, and innovators to deliver greater access to more affordable, higher quality care. Amwell believes that hybrid care delivery will transform healthcare. We offer a single, comprehensive platform to support all digital health needs from urgent to acute and post-acute care, as well as chronic care management and healthy living. With nearly two decades of experience, Amwell powers the digital care of more than 50 health plans, which collectively represent more than 100 million covered lives, and many of the nation’s largest health systems. For more information, please visit https://business.amwell.com/ . ©2024 American Well Corporation. All rights reserved. Amwell®, SilverCloud®, Amwell Converge TM , Carepoint TM , Amwell Medical Group®, and the Amwell Logo are registered trademarks or trademarks of American Well Corporation. Notice of Ownership All materials contained herein are the property of American Well Corporation and are copyrighted under United States law and applicable international copyright laws and treaty provisions. The materials contained herein are not work product or "work for hire" on behalf of any third party. The materials contained herein constitute the confidential information of American Well Corporation, except for specific data elements provided by third parties, which are the confidential information of such third parties. The content contained herein results from the application of American Well proprietary processes, analytical frameworks, algorithms, business methods, solution construction aids and templates, all of which are and remain the property of American Well Corporation. Trademark Notice All of the trademarks, service marks and logos displayed on these materials (the "Trademark(s)") are registered and unregistered trademarks of American Well Corporation or third parties who have licensed their Trademarks to American Well Corporation. Except as expressly stated in these terms and conditions, you may not reproduce, display or otherwise use any Trademark without first obtaining American Well Corporation's written permission.2 Coins to 15x Your $500 Portfolio Into $7500 Long Before Dogecoin (DOGE) Explodes to $2BEIJING (XINHUA) – In a year marked by rising protectionism and “decoupling” attempts in the world economic arena, what has become of China’s allure as a favoured investment destination? Foreign enterprises’ bullish moves have told a lot about it. As 2024 draws to a close, a recent landmark investment decision by French pharmaceutical giant Sanofi has emerged as a compelling testament to global investors’ consistent faith in the Chinese market. In early December, the company announced a plan to invest nearly EUR1 billion (about USD1.04 billion) in establishing a new insulin production base in Beijing. This will be Sanofi’s largest single investment in China since entering the country in 1982. Sanofi has not been alone throughout this year in ramping up its commitment to the Chinese market. In the first 11 months, a record 52,379 foreign-invested companies were established in China, up 8.9 per cent from the previous year, according to the Ministry of Commerce. In November, foreign direct investment in the Chinese mainland in actual use climbed six per cent year on year. The influx of investors serves as a reality check for many China sceptics, who have spread a narrative of foreign companies fleeing the Chinese market en masse. But what allows China to maintain its pull for global investment? A key magnet is China’s industrial system, which is the most comprehensive on a global scale and offers unparalleled supply chain advantages. It is the only country in the world with every industrial category classified by the United Nations, with its manufacturing added value constituting roughly 30 per cent of the global total. The country’s supply chain advantages for foreign investors present immense growth opportunities. Coupled with a vast consumer market of 1.4 billion people, the country remains a crucial destination for global investors. President of the American Chamber of Commerce in China Michael Hart recently shared his insight with Xinhua on why he does not believe that most foreign companies will leave the country. “One, they have invested in supply chains and built them up with their suppliers. Number two, there are no quick, easy replacement markets.” Recognising China’s market potential and supply chain benefits, German optics giant ZEISS inaugurated a research and development (R&D) and manufacturing site in Suzhou, an industrial hub in east China, this year. President and CEO of ZEISS Greater China Maximilian Foerst said the site is a milestone in the company’s efforts to localise R&D and expand its high-end product portfolio. China is a crucial sales and manufacturing base and an integral part of the company’s global business, said Foerst. He noted that the company has full confidence in China’s outlook and is committed to long-term investment in the country. As China pursues an innovation-driven growth model, the country’s prominence in the global innovation landscape continues to increase. The Global Innovation Index 2024, released by the World Intellectual Property Organization, ranks China 11th among the world’s most innovative economies, up one spot from the previous year. This makes China one of the fastest risers over the past decade. Riding the wave of China’s innovation drive, ACWA Power, a Saudi Arabia-based electric power generation company, announced in October that it will establish a global innovation centre in Shanghai. The centre will focus on new technologies and products in areas such as photovoltaics, wind power and green hydrogen. Executive vice president of ACWA Power Lyu Yunhe said China’s supply chain companies in the renewable energy sector possess advanced technologies and competitive solutions. Establishing an innovation centre in China will support the company’s global strategy and project development, he added.A streamer opening TCG packs while driving has come under fire after posting pictures of their card pulls while actively driving at high speeds on the highway. Viewers have called the streamer out on how dangerous the situation could be. Surging Sparks, the newest Pokemon TCG expansion, has had players running from store to store in hopes of finding ETBs or collections. The shortage of products has led many to share their pack finds, and any rare pulls they happen to get, on social media. One of the most sought-after from the card list is the illustration rare Stellar Pikachu ex card, which is currently selling for hundreds of dollars on TCGPlayer . One player took to X to share their good luck pulling the Pikachu card, but the setting of the pack opening left many viewers concerned or upset. DRIVING AND OPENING PACKS MAGIC IS REALLLLL SECOND PICTURE PULLED pic.twitter.com/2cHsHHgGPf Streamer pulls Pikachu ex illustration rare while driving The streamer and TCG business owner shared a picture of an illustration rare Pikachu ex peeking out of a Surging Sparks booster pack wrapper in front of the steering wheel of their car while actively on the highway. The post reads, “DRIVING AND OPENING PACKS MAGIC IS REALLLLL SECOND PICTURE PULLED.” Viewers in the comments were quick to respond to the situation and the claim that driving and opening packs might be lucky. One stated, “bro dont do that...” while another more firmly commented, “do opening packs in the hospital after you crash, you might have more luck.” Others have insinuated the post might be rage bait, with one viewer responding, “Not cool. Not funny. Not an entertaining post. Not anything that you should be doing. Don’t do stuff when you’re driving 60 mph aside from DRIVING. Learn from this please.” Related: Unfortunately, the poster didn’t seem interested in the concern and upset and instead promoted his business with a response that read, “Don’t let this distract you from the fact that I still have Terastral Festival still in stock,” poking fun at the commentators who had called out the dangers of distracted driving and using the opportunity to peddle his wares, instead. Driving while distracted is never a good idea, and as echoed by almost every person who responded to the original post, the packs will still be there after you park. The Pikachu ex card will still be in the sleeve when you aren’t behind the wheel.

In 2020, Alibaba Group Holding Ltd BABA prepared for the record-breaking IPO of its affiliate, Ant Group, poised to revolutionize financial technology. Just days before the launch, regulators revealed that Ant had bypassed key banking laws to expand its services. The IPO, valued at $35 billion, was abruptly suspended, causing Alibaba's stock to plummet 13% in a single day. Shortly after, the State Administration for Market Regulation launched an antitrust investigation into Alibaba's monopolistic practices. Investors alleged that Alibaba misled them about regulatory risks tied to Ant Group, its ownership structure, and lending activities. Alibaba has agreed to a $433.5 million settlement with investors to resolve these claims. Affected investors can now file a claim to receive their payouts. Overview In July 2020, Ant Group announced plans for a record-breaking $35 billion IPO, poised to drive significant growth for Alibaba Group Holding Ltd BABA , which held a 33% stake. However, regulatory concerns over Ant's business model, ownership structure, and compliance with new fintech rules led to the IPO's abrupt suspension in November, just days before its launch. The fallout caused Alibaba's shares to plummet, erasing billions in market value, and triggered an antitrust investigation into its monopolistic "Choose One of Two" practices. In response, investors filed a class-action lawsuit, accusing Alibaba of failing to disclose critical regulatory risks. Recently, Alibaba agreed to pay $433.5 million to affected shareholders to settle this lawsuit. SAMR's Crackdown on Alibaba: Legal and Regulatory Implications As Alibaba's market dominance and access to vast consumer data grew, the Chinese government expressed rising concerns about its economic impact. In response, the SAMR introduced new anti-monopoly regulations on September 1, 2019, targeting practices by powerful companies like Alibaba. On November 5, SAMR convened a meeting with around twenty major e-commerce firms, warning that practices like "Choose One of Two" were illegal and must stop. While Alibaba did not deny using such practices, it dismissed the criticism as "slander" and "malicious hype" in a press statement. Under growing regulatory pressure, however, the company eventually committed to compliance, acknowledging potential scrutiny for future violations. Despite the clear warnings, Alibaba continued its anti-competitive behavior. In November 2020, the government introduced new regulations specifically targeting monopolistic behavior in the internet industry, with Alibaba as a primary focus. This announcement triggered a sharp 9% drop in Alibaba's share price on November 10, 2020. By December, SAMR launched a formal investigation, which ultimately found Alibaba guilty and resulted in a record $2.8 billion fine. Political Risk and the Hidden Investors Behind Ant’s IPO Ant Group was spun off from Alibaba in 2011. Jack Ma controlled 50.5% of Ant's shares, while Alibaba held a 33% stake. On July 20, 2020, Alibaba announced Ant’s IPO, aiming to raise a record $35 billion with a $300 billion valuation, sparking excitement among investors, as Alibaba's stake could be worth over $100 billion. However, the enthusiasm was short-lived, as the company revealed in November 2020 that the IPO had been abruptly suspended. The suspension was largely driven by Ant's attempt to bypass financial regulations. Although operating as a financial services company, Ant positioned itself as a tech firm to avoid traditional banking rules. Its high-risk lending activities, with leverage ratios of 50-60 times, raised serious concerns among regulators. In response, China introduced new rules in September 2020, requiring financial holding companies like Ant to maintain higher capital levels, further intensifying scrutiny. Jack Ma's criticism of regulators in an October speech further fueled tensions. Another major risk to the IPO was the hidden identities of private investors whose interests conflicted with those of Chinese President. These investors concealed their ownership through complex and opaque investment structures. Jack Ma was reportedly aware of the political risks tied to these undisclosed ownership interests but failed to address them transparently. When the Chinese government uncovered the identities of these investors during an investigation prior to the Ant IPO, it decided to halt the offering entirely. As a result of the undisclosed information, the share price of Alibaba dropped from $310 on November 2, 2020, to $222 on December 24, 2020, indicating a total fall of 29%. Following these events, investors accused Alibaba of failing to disclose the regulatory risks tied to Ant Group and its monopolistic practices, leading to a lawsuit against the company. Resolving the Case To resolve the lawsuit from investors, Alibaba has agreed to a cash settlement of $433.5 million. If you invested in Alibaba, you may be eligible to claim a portion of this settlement to recover your losses. Despite these efforts, Alibaba’s stock remains below its peak, trading at $85. In August 2024, China's market regulator announced that Alibaba had completed three years of "rectification" for monopolistic behavior. Alibaba called the announcement a "new starting point for development" and pledged to continue fostering the healthy growth of the platform economy. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.EUGENE, Ore. (AP) — JuJu Watkins scored 21 points to lead No. 6 Southern California to a 66-53 win over Oregon in the Big Ten opener for both teams on Saturday. Watkins was 6 for 15 from the field, including 3 of 9 on 3-pointers, in 28 minutes before fouling out. Kiki Iriafen added 17 points and 12 rebounds for the Trojans (8-1, 1-0 Big Ten). Deja Kelly scored 16 points and Peyton Scott added 13 to lead the Ducks (7-3, 0-1). Oregon led 13-12 after the first quarter, but USC scored the first 18 points of the second quarter and never trailed again. The Trojans built the lead to 40-19 at halftime with 15 points from Watkins. Scott opened the third quarter with four straight points, but USC scored five straight points right after and kept the lead in double digits the rest of the way. USC: The Trojans won their fourth straight since a loss to No. 10 Notre Dame. USC returns to nonconference play over the next three weeks, including a trip to No. 2 UConn. Oregon: The Ducks started the season 6-0 and moved up to No. 23 in the AP poll but have now lost three of four games. Kelly scored to put Oregon up 13-12 early, but USC held the Ducks scoreless for more than five minutes to start the second quarter while scoring 18 straight points. Watkins had a seven-point run of her own within that span. USC outrebounded Oregon 45-31, including 34 defensive rebounds. The Trojans are averaging nearly 12 more rebounds per game than their opponents on the season. USC hosts Fresno State on Tuesday night, and Oregon hosts Air Force on Dec. 17. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here. AP women’s college basketball: https://apnews.com/hub/ap-top-25-womens-college-basketball-poll and https://apnews.com/hub/womens-college-basketball

(Reuters) – Micron Technology forecast second-quarter results below Wall Street estimates on Wednesday as weakened prices of memory chips used in handsets and personal computers weigh on earnings, sending the company’s shares down 17.2% in extended trading. The market for DRAM chips, which contribute to most of Boise, Idaho-based Micron’s revenue, remains sluggish because of weak consumer demand and an ongoing supply glut. DRAM chips are used in data centers, personal computers, smartphones and other computing devices. Excluding items, Micron expects to earn $1.43 per share, plus or minus 10 cents, compared to analysts’ expectation of $1.91, according to data compiled by LSEG. It expects to report second-quarter revenue of $7.90 billion, plus or minus $200 million, compared to analysts’ estimate of $8.98 billion, according to data compiled by LSEG. Demand for PCs and smartphones in key markets such as China remains weak, which has led to reduced inventory levels and an oversupply of memory chips. Micron is working on a 1,400-acre mega campus to make DRAM chips in central New York state. It also offers flash memory NAND chips, which serve the data storage market. (Reporting by Rishi Kant in Bengaluru; Editing by Pooja Desai) Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content. var ytflag = 0;var myListener = function() {document.removeEventListener('mousemove', myListener, false);lazyloadmyframes();};document.addEventListener('mousemove', myListener, false);window.addEventListener('scroll', function() {if (ytflag == 0) {lazyloadmyframes();ytflag = 1;}});function lazyloadmyframes() {var ytv = document.getElementsByClassName("klazyiframe");for (var i = 0; i < ytv.length; i++) {ytv[i].src = ytv[i].getAttribute('data-src');}} Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );

PORTSMOUTH — A judge on Wednesday effectively dismissed a wrongful termination lawsuit filed by former Portsmouth City Assessor Patrick Dorris, who sued both Mayor Shannon Glover and Councilman Bill Moody individually and in their official capacity. Dorris, whom the City Council fired in a 5-1 vote last spring, filed a $5.35 million lawsuit in Portsmouth Circuit Court in April alleging his termination was retaliatory as he refused to follow unlawful directives from Glover and Moody for assessing taxes on a private golf course. City assessors are among the handful of positions appointed by City Council that can also be terminated by a vote in a public meeting. Dorris was appointed to the position in September 2021 on a 4-3 vote. Glover and Moody didn’t support the appointment then, and both voted in support to terminate him. Upon his termination, Dorris was granted $57,224, or about six months worth of severance . Amid his termination, Dorris had shared with the council that the city did not collect real estate taxes from the Elizabeth Manor Golf and Country Club for almost two decades until Dorris’ time as assessor. The 18-hole course of roughly 140 acres was supposed to have its taxes lowered under an open-space agreement with the city. But records previously obtained by The Virginian-Pilot show that since at least 2003, the golf course had all of its taxes abated and wasn’t charged the lowered rate until 2022. Dorris’ lawsuit alleges his termination was the result of not abiding by directives from Glover and Moody to not tax the golf course. He also alleged that days before he was fired, Glover “demanded the assessment” of Rivers Casino Portsmouth using building permit values, which Dorris expressed was an unreliable method for determining value. Glover, who was present at the hearing, was represented by Brian Casey. Moody was represented by James Cales III. Both attorneys argued that neither Glover nor Moody had the authority to terminate Dorris alone as it required a full vote from the City Council. Judge Randall Smith, who’s retired, was appointed to the case after Portsmouth judges recused themselves. At Wednesday’s hearing in Portsmouth Circuit Court, Smith ultimately upheld the defense’s arguments, effectively dismissing the case. Since Dorris’ initial filing in April, his complaint was amended to include a new claim that Dorris was terminated in retaliation for reporting to the City Council that certain city employees refused to perform their employment duties of assessing and taxing city property. In the hearing, Dorris’ attorney, Verbena Askew, argued that it was a First Amendment right violation, and likened Glover and Moody to “bad actors” because they violated public policy to protect city employees who voice concerns, such as misconduct. She added that because of the reasoning behind their vote to terminate, they can be held liable for the termination. In a rebuttal to Askew’s “bad actors” argument, Smith said the case might require the court to seemingly probe the minds of the other council members who voted in support to fire Dorris. He also said it might mean going behind the City Council’s back on a vote they made. Smith said Dorris might have lost his license as a result of carrying out his alleged directive from Glover and Moody but that it didn’t necessarily equate to a criminal act. Askew asked for another opportunity to amend Dorris’ complaint to further specify the alleged criminal act and include the city as a defendant, arguing that Glover and Moody are agents of the city and that the intention was to go after “the bad actors.” She also argued that had Glover and Moody not met with Dorris, he wouldn’t have been fired. Smith said he was sympathetic to Dorris’ situation, but that it didn’t fall within the narrow set of exceptions in Virginia’s at-will employment laws. He believed amending the complaint would result in a “moot point.” After the hearing, Dorris, Casey and Cales declined to comment. Askew told The Virginian-Pilot they’d be appealing. Glover said he was glad the case was over. Natalie Anderson, 757-732-1133, natalie.anderson@virginiamedia.comI tried bringing my memories to life with AI and found it works better with dogs than with human hands

SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of ...