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GUANGZHOU, China, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Highest Performances Holdings Inc. (NASDAQ: HPH) ("HPH” or the "Company”), today announced that it has received written notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq”), dated November 21, 2024, indicating that for the last 35 consecutive business days, the closing bid price for the Company's American depositary shares (the "ADSs”) was below the minimum bid price of US$1.00 per share requirement set forth in Nasdaq Listing Rules 5450(a)(1). The Nasdaq notification letter has no current effect on the listing or trading of the Company's securities on the Nasdaq Global Market. Pursuant to the Nasdaq Listing Rules 5810(c)(3)(A), the Company is provided with a compliance period of 180 calendar days, or until May 20, 2025, to regain compliance under the Nasdaq Listing Rules. If at any time during the 180-day compliance period, the closing bid price of the Company's ADSs is US$1.00 per share or higher for a minimum of ten consecutive business days, the Nasdaq will provide the Company written confirmation of compliance and the matter will be closed. In the event that the Company does not regain compliance by May 20, 2025, subject to the determination by the staff of Nasdaq, the Company may be eligible for an additional 180-day compliance period if it meets the continued listing requirement for market value of publicly held shares and all other initial listing standards, with the exception of the minimum bid price requirement. In this case, the Company will need to provide written notice of its intention to cure the deficiency during the second compliance period, including by effecting a reverse stock split, if necessary. The Nasdaq notification letter will have no effect on the Company's business operations, and the Company will take all reasonable measures to regain compliance. About HPH Founded in 2010 and formerly known as Puyi Inc., we have evolved with a vision to become a leading provider of intelligent technology-driven family and enterprise services. Our mission is to enhance the quality of life for families worldwide by leveraging two primary driving forces: technological intelligence and capital investments. We are dedicated to investing in high-quality enterprises with global potential, focusing on areas such as asset allocation, education and study tours, healthcare and elderly care, and family governance. We currently hold controlling interests in two leading financial service providers in China. The first is AIX Inc., a technology-driven independent financial service platform traded on the Nasdaq. The second is Puyi Fund Distribution Co., Ltd., an independent wealth management service provider. Highest Performances Holdings Inc., formerly known as Puyi Inc., was renamed on March 13, 2024 to reflect its strategic transformation. Forward-looking Statements This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When HPH uses words such as "may”, "will”, "intend”, "should”, "believe”, "expect”, "anticipate”, "project”, "estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from HPH's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: HPH's ability to obtain proceeds from the Agreement; HPH's goals and strategies; HPH's future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the third-party wealth management industry in China; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets HPH serves and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by HPH with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in HPH's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. HPH undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. CONTACT: For more information, please contact: Highest Performances Holdings Inc. Tel: +86-20-28866499 Email: [email protected] Highest Performances Holdings Inc.
Since regime leader Bashar Assad fled Syria on Dec. 8, 2024, after his quarter-century brutal rule, numerous stories of his barbarism have appeared in the media, offering accounts of the toxic nature of Syrian politics under him. The stories of Assad’s rule are not only about the death of thousands through torture and starvation, but it is also about how he ran a multibillion-dollar drug empire for his own economic embellishment and political survival. The principal drug that flourished under him was Captagon and around 80% of the world production of this “poor men's drug,” or cocaine of the poor as it is commonly known, takes place in Syria alone. While the anti-regime fighters took over the capital city of Damascus, they not only raided the prisons but also raided several Captagon production units and seized millions of pills. Some of the Captagon units were run and overseen from the villas, disguised as potato chips factories, belonging to Assad’s younger brother, Maher Assad and his cohorts. The horrible stories emerging from Syria should not surprise anyone. Drug trafficking has been one of the major sources of revenue for the oligarchs and terrorist organizations to raise funds for weapons and expand their bases. The PKK terrorist group is no exception. There is much to say about how its drug empire spread across the continents and has sustained the terrorist movement for decades. Therefore, in this piece, I will focus on how its drug market has expanded over the decades and what has been the routes of drug transactions. In the following piece, I will explain the methods and mechanism of the utilization of the revenues generated through this illicit trade and how, over the decade, the PKK's Syrian wing YPG has helped the growth of this drug industry in the region. The PKK has a long history of engagement with criminal enterprises. Many organizations such as Interpol, the United Nations Office on Drugs and Crime (UNODC) and the Financial Action Task Force (FATF) have published several documents detailing the PKK’s involvement in criminal activities as it has always played a significant role in the trafficking and smuggling of drugs, human and weapons. The leadership of the PKK has developed an advanced system to carry out these criminal ventures. Its operatives and sympathizers play a significant role in the distribution of drugs in Turkish metropolitans such as Istanbul, Ankara, Izmir, Adana and Mersin. The organization has survived the shifting geological circumstances primarily because of its drug financing mechanism. Since the 1980s, the PKK has been involved in the large-scale illicit drug trade and they trade drugs like marijuana, heroin, hashish, coca ecstasy tablets, anhydride, morphine base, opium and cannabis plants. They export these drugs to neighboring countries in Asia, Europe and as far as Africa. The large-scale and well-coordinated transaction in these drugs helps the PKK raise billions of dollars annually. According to a retired official of the Turkish Monitoring Center for Drugs and Drug Addiction, the PKK receives $1 billion to 3 billion from this illicit trade annually. Over the years, thousands of PKK-linked drug traffickers have been arrested by the Turkish authorities . Between 2016-23, the authorities have been able to stop around $20 billion in evasion of revenue through the confiscation of a huge consignment of drugs. Meanwhile, the PKK is also reported to have encouraged the smuggling of all types of goods to circumvent taxation by the government of the day. The PKK’s involvement in drugs increased qualitatively and quantitively throughout the 1980s and 1990s. The organization gradually took control over the illicit trade in Türkiye’s southeastern part, which borders Iran and Iraq. Abdullah Öcalan, leader of the PKK, confessed in 1999 that all drug traders in the southeast Türkiye paid tribute to the PKK. In successive years, drug money emerged as a lifesaver for the organization, which was under severe economic stress because of the extreme security measures put in place after the coup of 1980. Their bases in northern Iraq and northeastern Syria are strategically located between the lush poppy fields of Central Asia, East Asia and the vast markets of Europe. The long lifespan of the PKK has allowed it to set up advanced financial networks in Iran, Iraq, Türkiye, Syria, the Caucasus, the Balkan and European countries. The organization also maintains strict control over drug trafficking in these countries. They seek the support of local crime organizations from countries like Albania and Bulgaria to expand their enterprise. Members of drug cartels from Iran and Georgia cooperate with the PKK as well on the Caucasus route to transport the drug further. They have developed a close network with multiple organizations from Afghanistan and Iran, which deliver heroin to the PKK-connected networks in Türkiye and subsequently market them in European countries. The traffickers from other countries are required to pay the PKK for carrying drugs into Türkiye. A report by the UNODC suggests that traffickers have to make payments to the PKK to cross the border and also pay the fee for entering Europe to PKK cadres who are active on European soil. If any group is found to be trading in drugs without prior permission from the PKK, they are fined and punished and they extend all sorts of protection to those involved in it. The PKK has created sub-structures and cell-type economic intelligence units to exploit the transborder trade opportunities and it has also been able to eliminate the rival groups from the criminal realm. Many of the PKK members who have sought asylum in the EU are reported to have joined the PKK-run drug networks operating between Türkiye and Europe. The PKK has deceived and abused Kurdish diaspora networks to add some recruits to be used in drug-related activities. The PKK’s drug network runs through Iraq's Sulaymaniyah province to Kirkuk and Makhmur and then across the border to Rojava in northeastern Syria, where the PKK/YPG carries it further to other parts of the region. The PKK reportedly earns $1.5 billion annually only through its drug trade within Europe and around 80% of the illicit drug markets in Europe are filled by the PKK-controlled trafficking networks, as reported by Interpol. The marketing of 40% of heroin in Europe is taken care of by the PKK alone. The Turkish National Police’s Anti-Narcotics Department’s 2024 report suggests that a significant part of money earned through drugs in and outside of Türkiye is used to finance the terrorist activities of the PKK. The report also suggested that 12 of the world’s largest terrorist organizations are involved in drug trafficking, and the PKK happens to be one of them.Rudy Giuliani poses as Santa with woman on knee to sell coffee
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Analytic Partners Placed Highest for Ability to Execute and Furthest for Completeness of Vision MIAMI , Nov. 22, 2024 /PRNewswire/ -- Analytic Partners, the Commercial Intelligence company for insights-driven brands, today announced it has been recognized as a Leader in the inaugural Gartner® Magic QuadrantTM for Marketing Mix Modeling (MMM) Solutions. Analytic Partners is positioned highest in Ability to Execute and furthest in Completeness of Vision. "We believe our position as a Leader underscores our dedication to our customers and our ongoing commitment to innovation," said Nancy Smith , President and CEO of Analytic Partners. "We appreciate the extensive research Gartner has done in guiding our industry forward. This recognition, we feel, highlights the critical role Commercial Analytics plays in delivering forward-looking decisioning for lasting, meaningful growth." Elevating Insights Beyond MMM and MTA Analytic Partners' longstanding commitment to deliver insights and solutions extends well beyond Multi-Touch Attribution (MTA) and MMM. Analytic Partners' Commercial Analytics solution integrates all factors driving performance outcomes – including finance, supply chain and other enterprise functions. This holistic, company-wide approach provides a forward-looking decisioning framework that brands rely on to measure both short-term and long-term impact, ensuring sustained growth. GPS Enterprise: A Powerful Platform for Enabling Growth Powered by the GPS Enterprise platform, Commercial Analytics combines data science and technology to deliver actionable insights that enable brands to make proactive, forward-looking commercial decisions. This end-to-end platform, informed by ROI Genome intelligence, ensures streamlined data management, application of advanced analytics and multi-objective optimizations to help brands meet their growth goals. Recognition extends to Gartner Critical Capabilities Report for MMM Solutions The recognition also extends beyond the Magic QuadrantTM. In the accompanying Critical Capabilities report for MMM Solutions, Analytic Partners received the highest scores across all 8 Use Cases, including: Highest score in Complex Marketing Analytics Highest score in Business Scenario Planning Highest score in Data Management Highest score in Media Optimization Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high, and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables businesses to get the most from market analysis in alignment with your unique business and technology needs. To read the full Magic QuadrantTM report, access a complimentary copy here . Gartner, Magic Quadrant for Marketing Mix Modeling Solutions, Matt Wakeman , David Walters , Joseph Enever , Weicong Zhao , November 19, 2024 GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. About Analytic Partners Analytic Partners is the leader in Commercial Analytics, providing adaptive solutions for deeper business understanding, right-time planning and optimization for marketing and beyond. We turn data into expertise so our customers can create powerful connections with their customers and achieve commercial success. For more information, visit analyticpartners.com . Photo - https://mma.prnewswire.com/media/2565668/Analytic_Partners.jpg SOURCE Analytic PartnersInvesco QQQ (NASDAQ:QQQ) Stock Price Down 0.2% – Here’s Why
PHILADELPHIA (AP) — The Philadelphia Phillies and right-handed pitcher Joe Ross finalized a one-year contract on Monday. The 31-year-old Ross made 10 starts and 25 total appearances for the Milwaukee Brewers last season. He went 3-6 with a 3.77 ERA. Selected by the San Diego Padres in the first round of the 2011 amateur draft, the 6-foot-4 Ross has pitched in 123 career games across seven seasons with the Washington Nationals and Brewers. In his career, he has combined for a 4.19 ERA with 469 strikeouts to 170 walks. He's 29-34 with a 4.19 career ERA. Ross is the latest in an offseason of minor moves for the NL East champs. The Phillies acquired left-hander Jesús Luzardo from the Miami Marlins and signed free-agent outfielder Max Kepler to a $10 million, one-year deal. AP MLB: https://apnews.com/hub/MLBSocial media users are misrepresenting a Vermont Supreme Court ruling , claiming that it gives schools permission to vaccinate children even if their parents do not consent. The ruling addressed a lawsuit filed by Dario and Shujen Politella against Windham Southeast School District and state officials over the mistaken vaccination of their child against COVID-19 in 2021, when he was 6 years old. A lower court had dismissed the original complaint, as well as an amended version. An appeal to the U.S. Supreme Court was filed on Nov. 19.‘You are not alone,’ Starmer declares in Christmas message to nation
Illinois assistant Dana Dimel, a head coach at Wyoming, Houston and UTEP, dies at the age of 62
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