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NEW YORK , Dec. 10, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock and those who purchased Chipotle call options or sold put options of Chipotle Mexican Grill, Inc. (NYSE: CMG) between February 8, 2024 and October 29, 2024 , both dates inclusive (the "Class Period"), of the important January 10, 2025 lead plaintiff deadline in the securities class action first filed by the Firm. So what: If you purchased Chipotle securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. What to do next: To join the Chipotle class action, go to https://rosenlegal.com/submit-form/?case_id=30587 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 10, 2025 . A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Details of the case: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Chipotle's portion sizes were inconsistent and left many customers dissatisfied with the Company's offerings; (2) in order to address the issue and retain customer loyalty, Chipotle would have to ensure more generous portion sizes, which would increase cost of sales; and (3) as a result, defendants' statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all times. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Chipotle class action, go to https://rosenlegal.com/submit-form/?case_id=30587 https://rosenlegal.com/submit-form/?case_id=28116 call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or 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. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40 th Floor New York , NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com View original content to download multimedia: https://www.prnewswire.com/news-releases/cmg-investors-have-opportunity-to-lead-chipotle-mexican-grill-inc-securities-fraud-lawsuit-filed-by-the-rosen-law-firm-302327953.html SOURCE THE ROSEN LAW FIRM, P. A.
Iowa moves on without injured quarterback Brendan Sullivan when the Hawkeyes visit Maryland for a Big Ten Conference contest on Saturday afternoon. Former starter Cade McNamara is not ready to return from a concussion, so Iowa (6-4, 4-3) turns to former walk-on and fourth-stringer Jackson Stratton to lead the offense in College Park, Md. "Confident that he'll do a great job," Iowa coach Kirk Ferentz said of Stratton on his weekly radio show. "He stepped in, did a really nice job in our last ballgame. And he's got a good ability to throw the football, and he's learning every day. ... We'll go with him and see what we can do." Iowa had been on an upswing with Sullivan, who had sparked the Hawkeyes to convincing wins over Northwestern and Wisconsin before suffering an ankle injury in a 20-17 loss at UCLA on Nov. 8. Stratton came on in relief against the Bruins and completed 3 of 6 passes for 28 yards. Another storyline for Saturday is that Ferentz will be opposing his son, Brian Ferentz, an assistant at Maryland. Brian Ferentz was Iowa's offensive coordinator from 2017-23. "We've all got business to take care of on Saturday," Kirk Ferentz said. "I think his experience has been good and everything I know about it. As a parent, I'm glad he's with good people." Maryland (4-6, 1-6) needs a win to keep its hopes alive for a fourth straight bowl appearance under Mike Locksley. The Terrapins have dropped five of their last six games, all by at least 14 points, including a 31-17 loss at home to Rutgers last weekend. "It's been a challenging last few weeks to say the least," Locksley said. The challenge this week will be to stop Iowa running back Kaleb Johnson, who leads the Big Ten in rushing yards (1,328) and touchdowns (20), averaging 7.1 yards per carry. "With running backs, it's not always about speed. It's about power, vision and the ability to make something out of nothing," Locksley said. "This guy is a load and runs behind his pads." Maryland answers with quarterback Billy Edwards Jr., who leads the Big Ten in passing yards per game (285.5) and completions (268). His top target is Tai Felton, who leads the conference in catches (86) and receiving yards (1,040). --Field Level MediaMon : Eurogroup Meeting; Chinese CPI & PPI (Nov), EZ Sentix (Dec), US Employment Trends (Nov) Tue : RBA Policy Announcement, EIA STEO; German Final CPI (Nov), Norwegian CPI (Nov), US NFIB (Nov), Chinese Trade Balance (Nov), Chinese Central Economic Work Conference Wed : BoC & BCB Policy Announcement, OPEC MOMR; South African CPI (Nov), US CPI (Nov) Thu : ECB & SNB Policy Announcements, Norges Bank Regional Network, IEA OMR; Australian Employment (Nov), UK GDP Estimate (Oct), US Initial Jobless Claims (w/e 7th), PPI (Nov), Japanese Tankan Index (Q4) Fri : N/A Chinese Inflation (Mon) : Chinese inflation data for November will provide the latest clues into the underlying health of the world’s second-largest economy following the slower-than-expected pace of annual growth in consumer prices and continued decline in factory gate prices seen the month before. As a reminder, the price data for October was softer than anticipated with CPI YY at 0.3% vs. Exp. 0.4% (Prev. 0.4%) and PPI YY at -2.9% vs. Exp. -2.5% (Prev. -2.8%). The monthly change in consumer prices also fell into deflation territory at -0.3% vs. Exp. -0.1% (Prev. 0.0%). The annual rise in CPI was facilitated by a 2.9% increase in food prices, as well as a 0.2% and 0.4% rise in consumer goods inflation and services prices, respectively. Conversely, housing rent fell 0.3% which attests to the ongoing property sector woes, while the costs of fuels for transport saw a double-digit percentage drop of 10.5% and contributed to a 4.8% decline in the transportation and telecommunication category. Furthermore, there was a steeper drop in China’s producer prices which was in deflation for a 25th consecutive month in October amid a 3.3% decline in the costs of production materials with a 5.1% drop in mining and 4.0% decline in raw material costs, while the factory gate price for consumer goods fell 1.6% and durable goods fell 3.1%. Nonetheless, China’s National Bureau of Statistics deputy head anticipates consumer prices to recover for the remainder of the year citing an improved economic situation, seasonal factors and a diminishing carryover effect. Of note, November CPI Y/Y is expected at 0.5% and PPI Y/Y is expected at -2.8%. RBA Policy Announcement (Tue) : The RBA is likely to keep rates unchanged at its meeting next week with a recent Reuters poll showing unanimous forecasts for the central bank to remain on pause, while money markets are pricing an 85% for the Cash Rate to be kept at 4.35% and just a 15% likelihood of a 25bps cut. As a reminder, the central bank opted to keep the Cash Rate unchanged for the 8th consecutive meeting last month which economists had unanimously forecast, while the rhetoric provided little fresh insight as it reiterated that the board will continue to rely upon the data and evolving assessment of risks, as well as noted that inflation remains too high and is not expected to return sustainably to the midpoint of the target until 2026. Furthermore, it stated that policy will need to be sufficiently restrictive until the board is confident that inflation is moving sustainably towards the target range and it repeated that the board is not ruling anything in or out. The post-meeting press conference also provided little in the way of fresh clues as RBA Governor Bullock stated that the last part of bringing inflation down is not easy and rates need to stay restrictive for the time being, while she thinks there are still risks on the upside for inflation but noted they will be ready to act if the economy turns down more than expected. Bullock also noted that they have the right settings at the moment and there were no discussions on specific scenarios for rate changes, as well as stated the current Cash Rate path priced by the market is as good as any. The minutes from the meeting further suggested a lack of urgency to act as it noted the Board is vigilant to upside inflation risks and policy needs to remain restrictive, while it saw no immediate need to change the Cash Rate and would need more than one good quarterly inflation report to justify a rate cut. The rhetoric from officials since then continues to suggest the central bank is keeping its options open as Governor Bullock stated the RBA will be in a position to consider rate cuts at some point, as long as inflation continues on its gradual slowing path and the Board can respond if inflation falls more quickly than forecast, as well as noted that they do not need inflation to be at the target to cut, but needs to be sure that it is heading there. Furthermore, a couple of the big 4 banks in Australia have adjusted their rate cut calls including ANZ Bank which pushed back its forecast for the first RBA rate cut to May next year from February and now only sees two 25bp cuts vs a prior view of three cuts, while Westpac also now expect the RBA to start cutting rates in May 2025 vs. a prior forecast of February 2025, although money markets have recently shifted to fully pricing a first cut in April after disappointing Australian GDP data for Q3. Chinese Trade (Tue): China will release its trade figures for November which participants will be eyeing to see if there is an improvement from the mixed figures seen in October. The prior data saw a larger-than-expected trade surplus of USD 95.72bln vs. Exp. 76.03bln (Prev. 81.71bln) and a double-digit surge in exports of 12.7% vs. Exp. 5.2% (Prev. 2.4%) but imports contracted at a steeper-than-feared pace of -2.3% vs. Exp. -1.5% (Prev. 0.3%). The rise in exports in October surpassed even the most optimistic of analysts' estimates to register the fastest growth since March 2023. It also followed a series of policy support announcements by officials in Beijing including the PBoC’s cuts to the RRR and across its short-term funding rates, while the month of October also saw a return to expansion territory of China’s factory activity after five consecutive months of contraction. However, this further improved in November and provides some encouragement for the upcoming release. Conversely, imports contracted by more than feared in October which highlights China’s weak domestic demand and consumption amid the ongoing property sector woes and trade frictions with the latter likely to worsen next year owing to the threat of increased tariffs on Trump’s return to the White House. In terms of the expectations for the upcoming data, the Trade Balance is seen at a surplus of USD 95.5bln, while exports growth is seen at 8.5% and Imports at 0.3%. Chinese Central Economic Work Conference (Tue-Wed) While no major numerical targets are expected (typically set at the Two Sessions), the market will be closely watching for shifts in tone on fiscal and monetary policy heading into next year. Currently, the stance is proactive on fiscal policy and prudent on monetary policy. The focus will likely be on whether there’s a new emphasis on boosting domestic demand or supporting the property market. Analysts will also be attentive to any changes in rhetoric that could signal a shift toward more aggressive policy support. That being said, the Chinese press played down prospects for stimulus as it warned against blindly pursuing faster growth and signalled more focus on supporting consumption in a flurry of articles ahead of the Central Economic Work Conference, according to Bloomberg. Analysts at ING “expect the markets would be satisfied with a shift to signal more aggressive policy support but may be disappointed if the release offers little new content.” BoC Policy Announcement (Wed) : The BoC is widely expected to cut rates on Wednesday 11th December, although money market pricing suggests the magnitude will be either a 25 or 50bps move. Markets were pricing in the decision to be a coin toss between a 25 or 50bps reduction. Recent data has been mixed, the latest Inflation report saw inflation come in hotter than forecast while growth data disappointed. However, the November jobs report was dovish with a notable rise in the unemployment rate, this saw markets lean more towards a 50bps rate cut, with 43bps of easing currently priced, implying a c. 70% probability of another 50bps rate cut. The prior BoC meeting saw the central bank cut rates by 50bps, a decision made to support economic growth and keep inflation close to the middle of the 1-3% target range. Participants have been questioning whether the BoC will go ahead with another 50bps rate cut to support economic growth, or perhaps slow to a 25bps rate cut due to the recent uptick in inflation, but the recent jobs report has seen these expectations lean towards the more dovish outcome. Note, that this meeting will not see an update to the monetary policy report and economic forecasts. BCB Policy Announcement (Wed): The BCB is expected to hike rates by 75bps next week, according to 31/40 economists surveyed by Reuters, with 5 expecting a 50bps hike and four looking for a 100bp hike. There has been a notable weakening in the BRL recently after the recent fiscal package announcements from the government. The spending cuts and income tax reform were perceived poorly and enhanced fiscal fears in Brazil, this took USD/BRL to a peak of 6.1150, the highest level on record. Meanwhile, recent economic data has shown the economic resilience of the Brazilian economy in Q3, with GDP growth of 0.9% Q/Q and 4.0% Y/Y, and is supported by strong domestic fundamentals like low inflation and a robust labour market, analysts have said. However, November's inflation data showed a surge, driven by food and transportation costs, with the IPCA-15 rising +0.6% M/M and 4.8% Y/Y, both higher than expected. Given these developments, the BCB is likely to maintain a cautious stance, continuing its tightening cycle to combat rising inflation and persistent inflation expectations, Pantheon Macroeconomics said. The consultancy expects that the impact of high real interest rates and external pressures, including a weak global trade environment, are expected to start weighing on economic activity ahead. Accordingly, Pantheon expects the BCB to raise its Selic rate by 50bps on December 11th, as it aims to curb inflationary pressures and anchor price stability. Looking ahead, the latest weekly analyst survey by the BCB saw the year ahead Selic rate between 12.5 and 12.75%, up from the prior week’s 12.25%. US CPI (Wed): The analyst consensus currently expects US consumer prices to rise +0.2% M/M in November, matching October's print, while the core rate of CPI is seen rising +0.3% M/M, again, matching October's print. Wells Fargo says that although some inflationary pressures, such as an overheated labour market, are easing, new challenges to disinflation have arisen, including potential tariffs and tax cuts, and warns that these could make achieving the Fed's 2% inflation target more difficult in the final stages of the inflationary cycle. Analysts expect the data will form a key part of the FOMC's deliberations at its December 18th policy meeting; money markets are currently pricing a 25bps rate cut with around 89% certainty. The likelihood of another 25bps rate cut increased after the November jobs report, which saw a beat on the headline, but not enough for the Fed to consider a pause while the unemployment rate ticked up. ECB Policy Announcement (Thu) : Expectations are for the ECB to cut the deposit rate by 25bps to 3.0% with markets assigning a circa 85% chance of such an outcome (with a 15% probability for a 50bps rate cut). The prior meeting in October saw the ECB pull the trigger on a 25bps rate cut despite policymakers initially positioning themselves for a pause in the wake of the September meeting. Since the October meeting, focus has increasingly been on growth metrics with survey data showing a marked drop in the November Eurozone Composite PMI to 48.1 from 50.0 with heavy pessimism surrounding the French economy. The accompanying release noted “the eurozone's manufacturing sector is sinking deeper into recession, and now the services sector is starting to struggle after two months of marginal growth." On the inflation front, headline Y/Y CPI rose in November to 2.3% from 2.0%, which was largely expected on account of base effects. Core inflation remained at a stubborn level of 2.7% whilst services inflation ticked marginally lower to 3.9% from 4.0%. The tone of messaging from ECB officials has failed to endorse a 50bps move with the influential Schnabel of Germany going as far as saying that she sees only limited room for additional cuts, whilst other members have also stressed a cautious approach to rate cuts. Overall, despite the weak growth outlook for the Eurozone which is also complicated by Trump’s return to the White House, developments on the inflation front suggest there is still more work done to return inflation to target. In recent weeks, policymakers have also stressed the need for the Bank to step away from recent data dependency and focus on forward-looking expectations. On which, the accompanying macro projections are likely to be viewed as stale given that the cut-off date did not encapsulate the latest French political woes, whilst as highlighted by ING, “the ECB normally also applies a ‘no policy change’ assumption to its forecasting. ING expects projections to be little changed vs. September. As such, those on the GC looking for a 50bps cut are unlikely to be supported by the latest forecasts. Looking beyond the upcoming meeting, assuming the ECB cuts by 25bps, an additional 130bps of loosening is seen by end-2025. SNB Policy Announcement (Thu) : Expectations are for the SNB to lower rates by 25bps to 0.75% (8 surveyed look for a 25bps cut, 4 look for 50bps). Market pricing sees a 56% chance of a 50bps cut and a 44% chance of a smaller 25bps move. As such, the decision is finely poised in the eye of the market and likely to generate some traction for CHF. As a reminder, at the prior meeting, the SNB opted to cut its policy rate by 25bps to 1.0% while signalling that further cuts were likely and stated that it is prepared to intervene in the FX market as necessary. In terms of the economic backdrop for the meeting, inflation has remained lacklustre with an average rate of 0.7% over the prior quarter which is some way south of the SNB’s Q4 forecast of 1.0%. From a growth perspective, Q3 GDP slowed to 0.4% Q/Q from the Q2 rate of 0.6%. Crucially for the SNB, Capital Economics highlights that the CHF is weaker than it was at the time of the last meeting. As a reminder, the board previously highlighted the negative impact that CHF strength was having on the domestic economy. Capital Economics favours a smaller 25bps move on the basis that the SNB will likely maintain its gradual approach to loosening policy after avoiding such a move at the time of the last meeting. However, it is worth noting that the SNB only meets on a quarterly basis (ie. less frequently than most other major central banks) and comments from SNB Chair Schlegel have been particularly dovish in which he noted that he can’t currently rule out a return to negative interest rates. This allied with the soft outturn for inflation could easily make the case for a 50bps move. In the event that the SNB goes with a 25bps cut, accompanying commentary is likely to remain dovish. Looking beyond the upcoming meeting, Capital Economics looks for 25bps cuts at the March and June meetings, reaching a terminal rate of 0.25%. Australian Jobs (Thu) : The Australian jobs report for November is expected to show Employment Change ticking up to 25k (prev. 15.9k), Unemployment Rate rising to 4.2% (prev. 4.1%), and Participation Rate remaining stready67.1% (prev. 67.1%). Desks warn of seasonality factors surrounding Black Friday. “On a multi-month basis, this result would not materially change the broader narrative of a relatively solid labour market that is gradually becoming more balanced”, say analysts at Westpac, as they anticipate any strength to be associated with firmer hours rather than headcount. Westpac forecasts 20k for the Employment Change and a 4.2% Unemployment Rate. It’s also worth keeping in mind the jobs report will be released a couple of days after the RBA confab. UK GDP (Thu) : October’s GDP is expected at +0.2% on a M/M basis vs. the 0.1% contraction seen in September. As a reminder, the prior release saw a negative M/M outturn for GDP which saw the Q3 figure come in at a lackluster 0.1%. The slowdown in growth was triggered by “volatility within industry, particularly manufacturing”, according to ING. This time around, analysts at Investec look for a rebound in output for ICT industries, constrained growth in the services industry, a flat performance for the manufacturing sector and a pick-up in the construction industry. For Investec, this nets out at a 0.2% M/M increase with the desk expecting a Q4 outturn of 0.4% Q/Q with that pace to be maintained over 2025. From a policy perspective, services inflation and real wage growth are still very much front and centre at the BoE, which combined with the volatility in monthly GDP metrics, means that the release will likely have little impact on BoE pricing which currently has just 2bps of loosening for the December meeting and a total of 72bps by end-2025. This article originally appeared on NewsquawkDallas Cowboys star guard Zack Martin is doubtful for Sunday's game against the Washington Commanders due to ankle and shoulder injuries. Martin didn't practice at all this week. He also physically struggled during Monday night's loss to the Houston Texas. Martin, who turned 34 on Wednesday, has started all 162 games played in 11 seasons with the Cowboys. He's a nine-time Pro Bowl selection and a seven-time first-team All-Pro. Tight end Jake Ferguson (concussion) and safety Markquese Bell (shoulder) have been ruled out. Neither player practiced this week after being hurt against the Texans. Cornerback DaRon Bland (foot) practiced in full this week and will make his season debut. He was injured in August. Star wideout CeeDee Lamb (back/foot) was a full practice participant on Friday and is good to go. Cornerback Trevon Diggs (groin/knee) and receiver Brandin Cooks (knee) are among six players listed as questionable. The others are offensive tackle Chuma Edoga (toe), guard Tyler Smith (ankle/knee), defensive end Marshawn Kneeland (knee) and linebacker Nick Vigil (foot). --Field Level Media
A HUGE new event promises to become a popular annual tradition. Cheshire Showground in Tabley is gearing up to host a first-of-its-kind Christmas event. Monster trucks, a light maze, fun fair rides and a drive-in cinema all feature, with the organisers, Killer Kween Productions (KKP), looking to offer an affordable and accessible event. Naomi Petrou-Brown, founder of KKP, said: “We decided to do something about the fact that, year after year, Christmas markets and events seem to be getting more costly and less accessible for families. “We wanted to host an event that would showcase all of our network of traders' products and services in the best light while also assisting people in buying local. “Our traders are wonderful, supportive people with amazing businesses and families. “We wanted to make sure that the local community and Cheshire had something special." Naomi added: “With free parking and market access, as well as a wide range of reasonably priced activities for families, we want to welcome everyone - including their four-legged friends - and ensure that they have an enjoyable experience so that they will want to return again and again. “We intend to make this a yearly tradition at the showground, with even more spectacular events planned for the future. “Chris Thyer from the Royal Cheshire has been instrumental In making this happen, Killer Kween Productions simply could not have done this without his unwavering commitment and constant support. “Team work really does make the dream work.” The event will feature a drive-in cinema (Image: Stock image/Pixabay) Christmas at Cheshire Showground begins on Thursday (November 28) and runs until Monday (December 23). The light maze, Spectrum: A World of Illumination, will open every day from 4.30pm to 10.30pm, with tickets starting from £14.75. Also running every day is the funfair, which is pay as you go, and Clive Shaw Trucking’s mini monster trucks, with rides available every evening from £10. As he has lots of preparation to be getting on with, Santa will only be visiting on select dates. The market will also be open on select dates, from 3.30pm to 9.30pm, accompanied by live entertainment and a bar. If that wasn’t enough, a drive-in cinema will welcome visitors on various dates (full schedule below), showing a range of festive films, including Home Alone, Elf, Die Hard and Love Actually. Further information can be found at www.cccsg.co.uk . Saturday, November 30 4.15pm - The Greatest Showman (PG) 7.15pm - The Christmas Chronicles (PG) Sunday, December 1 4.15pm - Christmas Carol Animation (U) 7.15pm - Home Alone 1 (PG) Saturday, December 7 4.15pm - Frozen Singalong (PG) 7.15pm - ELF (PG) Sunday, December 8 4.15pm - The Polar Express (U) 7.15pm - Die Hard (15) Saturday, December 14 4.15pm - Home Alone 1 (PG) 7.15pm - Love Actually (15) Sunday, December 15 4.15pm - The Grinch Animated (PG) 7.15pm - Gremlins (PG) Saturday, December 21 4.15pm - ELF (PG) 7.15pm - Home Alone 2 (PG) Sunday, December 22 4.15pm - Nightmare before Christmas (PG) 7.15pm - The Holiday (12)
The match begins at 3 p.m. Mountain Time Wednesday at the University of Arizona’s McKale Center and will be shown on the streaming platform ESPN+. Arkansas State (28-5) is a member of the Sun Belt Conference, and the Red Wolves will be the third opponent from the Sun Belt in three matches for UNC.
Climate finance's 'new era' shows new political realitiesNEW YORK , Dec. 5, 2024 /PRNewswire/ -- The Board of Directors of Omnicom (NYSE: OMC) declared a quarterly dividend of 70 cents per outstanding share of the corporation's common stock. The dividend is payable on January 10, 2025 to Omnicom common shareholders of record at the close of business on December 20, 2024. About Omnicom Omnicom (NYSE: OMC) is a leading provider of data-inspired, creative marketing and sales solutions. Omnicom's iconic agency brands are home to the industry's most innovative communications specialists who are focused on driving intelligent business outcomes for their clients. The company offers a wide range of services in advertising, strategic media planning and buying, precision marketing, retail and digital commerce, branding, experiential, public relations, healthcare marketing and other specialty marketing services to over 5,000 clients in more than 70 countries. For more information, visit www.omnicomgroup.com . View original content to download multimedia: https://www.prnewswire.com/news-releases/omnicom-declares-dividend-302324450.html SOURCE Omnicom Group Inc.
Brock Purdy will miss Sunday's game for the 49ers with a shoulder injuryLITTLETON, Colo. , Dec. 5, 2024 /PRNewswire/ -- CONX CORP. (OTC: CNXX) ("CONX") today announced the acquisition of a controlling interest in Red Technologies SAS ("RED Technologies"), through its wholly-owned subsidiary, RED Tech US, LLC, for a maximum purchase price of approximately EUR 18.6 million in cash, subject to certain adjustments. CONX acquired approximately 68% of RED Technologies' outstanding share capital at closing, with the remainder of the shares to be acquired in future installments based on the achievement of certain milestones. The executive team of RED Technologies, Pierre-Jean Muller (Co-Founder and CEO) and Michael Abitbol (Co-Founder and COO), will continue to manage the operations of RED Technologies, aimed at establishing the company as a viable alternative in the CBRS market. "The acquisition of RED Technologies by CONX is a pivotal milestone on our path to serve as a viable alternative to the current duopoly in the SAS space," said RED Technologies CEO P.J. Muller . "This partnership strengthens our ability to innovate and enhance the CBRS ecosystem for the benefit of all operators and stakeholders. With support and investment from CONX, we are poised to accelerate the development of cutting-edge features, such as GAA coexistence, Network Planner, and AI-based CBRS analytics, that align with our mission to support the FCC's vision and empower rural broadband and the nascent Private Network industry." "CONX was formed to invest in next generation connectivity opportunities and their supporting infrastructure assets," said CONX CEO Jason Kiser . "Through RED's unique opportunity as a technology enabler for spectrum allocation, we have positioned CONX to create long term value across multiple sectors. We look forward to RED becoming a best-in-class Spectrum Access System (SAS) operator with potential to grow throughout the United States and internationally." CONX also announced Marc Rouanne will join the RED Technologies board. Marc is the Co-Founder, Chairman and CTO of Edgescale AI, a SaaS developer focused on connecting cutting-edge AI with data and devices in physical systems. Most recently, he was the Chief Network Officer for DISH Wireless responsible for designing DISH's 5G Network. In addition, Marc has more than 20 years of international management experience in the telecommunications industry, having held executive positions in R&D, customer operations and product management in the U.S., France and Finland , including as President of Mobile Networks at Nokia and Chairman of the Board of Alcatel-Lucent. About CONX Corporation (OTC: CNXX) CONX is a diversified operating entity seeking opportunities to power the next generation of innovators in communications and connectivity. CONX's mission is to partner with emerging companies with quality management and strong and differentiated business models with the ability to scale quickly. About RED Technologies Established in 2012 and headquartered in Paris, France , RED Technologies SAS ("RED Technologies") specializes in spectrum-sharing technologies and services. The company offers scalable, cloud-based solutions for Citizens Broadband Radio Service (CBRS) and Television White Space (TVWS), catering to operators across various sectors, and provides operated 5G connectivity solutions that democratize access to 5G technology for companies aiming to modernize their communications infrastructure in both the U.S. and European markets. RED Technologies has been a pioneer in spectrum sharing technologies and actively contributed to the CBRS regulatory and standard developments. RED Technologies' team is constituted of first-class engineers coming from top tier telecom vendors and operators. Important Notice The description contained herein is neither an offer to purchase nor a solicitation of an offer to sell securities of CONX. Forward-Looking Statements This press release contains certain statements which may constitute "forward-looking statements." Actual results could differ materially from those projected or forecast in the forward-looking statements. The factors that could cause actual results to differ materially include, but are not limited to, the following: the possibility that the parties may be unable to achieve expected synergies and operating efficiencies pursuant to the transaction within the expected timeframes or at all and to successfully integrate Red Technologies' operations into those of CONX ; such integration may be more difficult, time consuming or costly than expected; revenues following the transaction may be lower than expected; operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers, clients or suppliers) may be greater than expected following the transaction; the retention of certain key employees at Red Technologies; the parties' ability to meet expectations regarding the accounting and tax treatments of the transaction; CONX and Red Technologies are subject to intense competition; Red Technologies' products must remain compatible with, and its product development is dependent upon access to, changing operating environments; we may become dependent upon large transactions; customer decisions are influenced by general economic conditions; third parties may claim that RED Technologies' products infringe their intellectual property rights; fluctuations in non-U.S. currencies could result in transaction losses; acts of war and terrorism may adversely affect CONX's and RED Technologies' business; the volatility of the international marketplace; and the other factors discussed in "Risk Factors" in CONX's Registration Statement on Form S-1 filed with the Securities and Exchange Commission (the "SEC") on May 29, 2024 (as amended), and in other reports we file with the SEC, which are available at http://www.sec.gov . CONX expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in CONX's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. View original content: https://www.prnewswire.com/news-releases/conx-corp-announces-acquisition-of-red-technologies-sas-302324446.html SOURCE CONX Corp. Best trending stories from the week. Success! An email has been sent to with a link to confirm list signup. Error! There was an error processing your request. You may occasionally receive promotions exclusive discounted subscription offers from the Roswell Daily Record. Feel free to cancel any time via the unsubscribe link in the newsletter you received. 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Biden says he was ‘stupid’ not to put his name on pandemic relief checks like Trump did
An Amish community in southwestern Ontario is facing an estimated $300,000 in fines and property liens after failing to comply with measures when crossing the U.S. border. The tickets and subsequent fines were issued to members of the religious community during crossings in 2021 and 2022 after they failed to submit proof of quarantine plans and vaccination receipts to border officials using the ArriveCan App, they and their lawyers told the Star. The Star travelled to the community, about 200 km northwest of Toronto, and spoke to members who were present during the crossings. While the Amish religion prevents the community from being identified in the media, one member described a lack of clarity surrounding the process. Their community only interacts with technology in very limited circumstances, they explained, and weren’t aware of the COVID measures when they crossed the border to the U.S. Even if they had been, they didn’t have cellphones to operate the app or medical records to show border agents, they said. As dual citizens, the group was still permitted to make the crossings without vaccination records, but, in doing so, 15 members were issued more then two dozen failure to comply infractions. After being issued the tickets, however, many community members were unsure of how to navigate the court system, according to lawyer Mark Joseph. They assumed the province would be in contact with them to help them move through the process, he said, but that they never heard from either the federal or provincial government again. In turn, many were automatically convicted after failing to respond to court summons, but weren’t aware, said Joseph, who is now representing just under two dozen community members in the Welland provincial offenses court. “It’s just a bit of an outrage. This community doesn’t really have the capacity to deal with complicated legal systems in the first place,” Joseph said. “When we became aware of these convictions in September and we started talking to community members, we had to explain the concept of a legal trial to some of them because they just didn’t know, and their worry was, ‘OK, if we have to go to court, you have to tell us a week in advance, because it takes us two days by horse to get there.’” It wasn’t until this spring, nearly two years after the measures of the Quarantine Act measures were lifted, that some members of the community realized they had been convicted and that the subsequent fines were being sought by collection agencies by way of liens placed on their properties. According to Joseph, the community only became aware after one of their own visited a bank to obtain financing for a new property. “To register these liens, which could result in the loss of their farms, or community, is something we think is very unfair,” Joseph said. “We know of at least one person who had to sell their farm to satisfy a lien.” “The liens sometimes involve husband and wife, registered against the same property,” he added. The ArriveCan app, a digital self-serve tool that allows travellers to submit information in advance, was first launched in 2020 as a means of moving away from paper records and more efficiently track customs declarations. When vaccinations became mandatory to enter Canada in 2021, the government designated the app as a way to provide proof of vaccination and quarantine plans to border officials. While the Canada Border Services Agency says the tool was “necessary and effective” in curbing the transmission of COVID-19, the launch was ; in 2023, Canada’s auditor general announced it would undergo a review of the project, which cost the government $60 million. In her auditor general Karen Hogan the federal government had “repeatedly failed” to follow proper practices at every stage of launching the app. After the mandate was lifted in 2022, the federal government said only 191 tickets had been issued in all for failing to provide COVID-19 vaccination data since the app’s launch. According to Joseph, at least 20 of those were issued to the Amish. The Ministry of the Attorney General, which oversees Ontario’s court system, directed questions from the Star to regional prosecutors in Niagara. When reached for comment, spokesperson for the Welland Provincial Offenses Crown office Bryan Sparks maintained that community members could have responded by mail or travelled to the court, just under 250 km away, in person. “Whether an individual is disputing a ticket or planning to pay the fine, relevant information is included on the back of the ticket, such as the court mailing address for mail correspondence. Individuals also have the option to go in-person to any Provincial Offences Court in Ontario to address the ticket,” Sparks said. The issue has made its way to Canada’s House of Commons, where Conservative MP Alex Ruff (Bruce—Grey—Owen Sound), has argued that the Liberal government not only failed to sufficiently communicate with the community after the tickets were issued, but that it did not notify or inform them of the Quarantine Act measures before its implementation. While others could access that information online or by phone, Ruff’s Amish constituents could not; “They don’t use technology, so they weren’t even informed of these measures until they arrived at the border,” he said in an interview. Ruff, who has in the House of Commons, is imploring the Liberal government to rectify the situation. “They’re a demographic I’ve had the pleasure of knowing my whole life,” he said. “They’re pacifists, I’ve never even known them to hire lawyers, except for land transfers. Now, they’re getting penalized for not using technology they weren’t even informed about.” Had the tickets been disputed at the time, or in the event they are reopened, the court would examine if the Amish had access to accommodations that adhered to the constraints of their religion and how realistic those alternatives were within the scope of their lifestyles, said law professor at the University of Windsor, Richard Moon. “Anytime the state restricts a form of religious freedom, it has an obligation to justify that interference or that restriction under the Charter of Rights, to show they have good and substantial reasons for doing so,” said Moon. “So the question for the court will be were there alternative means available to the Amish to (comply), and then, how effective were those alternatives.” While the professor pointed out it’s not unusual or unreasonable to be expected to adhere to regulations when crossing a border, he said he’s still “somewhat surprised” that the Crown, or government, had not reached a form of accommodation before the convictions were registered. “It does seem unduly kind of harsh in the circumstances,” he said. As of early November, Joseph said his firm had been in the Welland courts. “We hope that once we speak to the Crown, we can come to a reasonable resolution,” Joseph said. “If not, we’ll proceed to court.”The Cannabist Company Launches dreamt Brand, to Maryland Market
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