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Many took to social media to mock Matt Gaetz for lasting "less than a Scaramucci" after he announced on Thursday he'd be withdrawing his name for consideration as President-elect Donald Trump 's attorney general. "While the momentum was strong, it is clear that my confirmation was unfairly becoming a distraction to the critical work of the Trump/Vance Transition," former Florida Republican representative Gaetz posted on X, formerly Twitter . "There is no time to waste on a needlessly protracted Washington scuffle, thus I'll be withdrawing my name from consideration to serve as Attorney General." Trump responded to the Gaetz announcement in a Truth Social post by saying the former congressman was "doing very well," and "has a wonderful future, and I look forward to watching all of the great things he will do!" Gaetz's nomination was facing significant opposition related to allegations of sex-trafficking and that he had a sexual encounter with a 17 year old—all of which the Florida Republican vehemently denies. Newsweek reached out to Gaetz and Trump for comment via email on Thursday. Many of Gaetz's critics were quick to mock him, comparing his brief nomination to the short tenure of former Trump administration official Anthony Scaramucci, who set a record in early 2017 as the shortest-serving communications director in White House history. Since then, some have routinely compared short time periods connected to politics to Scaramucci's brief tenure. He served 11 days, from July 21 to July 31, 2017. Gaetz was nominated 8 days ago, on November 13 "Well that didn't even last a full Scaramucci," the official Florida Democrats account quipped on X, reposting Gaetz's Thursday announcement. "Gaetz nomination lasted less than a Scaramucci," Aaron Rupar, an independent journalist and prominent Trump critics, wrote on X. Some even attempted to calculate the precise amount of a Scaramucci. "So, by my calculation, Gaetz lasted 0.727 Scaramucci units aka 'mooches.' Although arguably -0.727 since he didn't actually make it into the job," Josh Gerstein, senior legal affair reporter at Politico posted. Scaramucci, who has become a Trump critic since his brief time serving in the White House, got in on the joke as well, although he also shared some positive sentiments about the incoming administration "Trump and Elon are doing some good things with @DOGE and making some interesting appointments," he wrote. "However, Gaetz for AG was an unforced error and it's good for his administrator and the country that he's moving on from that episode in less than a Scaramucci." Gaetz has been accused of being involved in recruiting women online for sex, including a 17-year-old girl. The Department of Justice (DOJ) last year told Gaetz that he would not face federal sex-trafficking charges. However the House Ethics Committee was looking into the allegations until the Florida Republican resigned from Congress last week with the announcement that he'd be Trump's attorney general nominee. Two other women had accused Gaetz of paying them for sex. Their attorney, Joel Leppard, told Newsweek Wednesday that his clients were paid a total of $10,000 over Venmo and PayPal . Leppard said his clients had not wanted to publicly testify against Gaetz. Gaetz has vehemently denied that he did anything improper and blames the accusations on a smear campaign. He posted to X that the allegations began under former House Speaker Kevin McCarthy . Along with investigating Gaetz for sexual misconduct, the House committee was looking into allegations of illicit drug use, sharing inappropriate images on the House floor, misusing state identification records, converting campaign funds to personal use and accepting a bribe or impermissible gift. The House Ethics Committee met on Wednesday and voted against releasing the report on Gaetz. House Speaker Mike Johnson , a Louisiana Republican, had publicly opposed the report's release before that vote.The world’s tallest woman and the world’s shortest woman have met for afternoon tea in London to celebrate Guinness World Records Day. Rumeysa Gelgi, who stands 215.16 centimetres (7 feet 0.7 inches) tall, and Jyoti Amge, who measures just 62.8 centimetres (2 feet 0.7 inches), met at the Savoy Hotel, according to a statement from Guinness World Records (GWR) on Wednesday. The height difference between the two women might be a massive 152.36 centimetres (5 feet), but the pair reportedly got on famously. “We do have things in common. We both love make-up, self-care, jewellery and doing our nails,” said Gelgi in the statement. “It was difficult for us to make eye contact at times due to our height difference, but it was great,” she added. Amge added that she was “so happy” to meet her fellow record holder. Gelgi, a web designer from Turkey, was confirmed as the tallest woman living in 2021. Her height is due to an extremely rare condition called Weaver syndrome. She was only the 27th person in the world to be diagnosed with the syndrome, according to GWR. Gelgi, 27, also holds the records for largest hands on a woman at 24.93 centimetres (9.81 inches); the longest back on a living person (female) at 59.90 centimetres (23.58 inches); and the longest ears on a person (female) at an average size of 9.58 centimetres (3.77 inches). Gelgi has also featured in a GWR documentary named “Rumeysa: Walking Tall,” which follows her on a journey across the US meeting fellow record holders. Amge, an actress and media personality born in India, has a bone growth disorder named achondroplasia that affects the arms and legs. The disorder occurs early in a foetus’ development in the womb and affects the cartilage tissue that should become a child’s arms and legs. Despite her small stature, she is a big presence on social media, and has also appeared on US television series “American Horror Story: Freak Show” in the role of Ma Petite. This means she is officially the shortest actress ever, GWR said. Amge has also appeared on Italian TV show “Lo Show Dei Record” on various occasions. GWR editor-in-chief Craig Glenday met with the pair in London and said that the records are about “celebrating differences.” “By bringing together these two amazing, iconic women, they can share their perspectives on life with each other and, also, with us,” said Glenday in the statement. Both Gelgi and Amge have been named GWR ICONS, a new category introduced for the book’s 2025 edition.
BEIJING, Dec. 12, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ: YQ) (“17EdTech” or the “Company”), a leading education technology company in China, today announced its unaudited financial results for the third quarter of 2024. Third Quarter 2024 Highlights1 First Nine Months 2024 Highlights Mr. Andy Liu, Founder, Chairman and Chief Executive Officer of the Company commented, “In the third quarter of 2024, we have continued our business progress and have seen consistent growth in school subscribing to our teaching and learning SaaS offerings under subscription model. This is a strong testimony in the value of our offerings and creates a clear growth path into the future.” “We continue to evolve our teaching and learning SaaS solutions and expand customer base to improve efficiency through digital means, ensuring high-quality development and fostering growth in the school-based procurement,” he added. Mr. Michael Du, Director and Chief Financial Officer of the Company commented, “During the quarter, our teaching and learning SaaS business saw revenue growth compared to the same quarter last year. As we enhance operating efficiency, net loss on a GAAP basis continued to narrow for the past three consecutive quarters. As our SaaS billing model is maturing, we achieved significant progress with a remarkable growth rate that outpaces the overall revenue growth.” Third Quarter 2024 Unaudited Financial Results Net Revenues Net revenues for the third quarter of 2024 were RMB59.6 million (US$8.5 million), representing a year-over-year increase of 32.2% from RMB 45.1 million in the third quarter of 2023. This was mainly due to the increased number of teaching and learning SaaS contracts and the recurring revenue generated from on-going projects. Cost of Revenues Cost of revenues for the third quarter of 2024 was RMB23.3 million (US$3.3 million), representing a year-over-year increase of 12.5% from RMB20.7 million in the third quarter of 2023, which was mainly due to the increase in project deliveries for our teaching and learning SaaS offerings during the quarter. Gross Profit and Gross Margin Gross profit for the third quarter of 2024 was RMB36.3 million (US$5.2 million), compared with RMB24.4 million in the third quarter of 2023. Gross margin for the third quarter of 2024 was 60.9%, compared with 54.1% in the third quarter of 2023. Total Operating Expenses The following table sets forth a breakdown of operating expenses by amounts and percentages of revenue during the periods indicated (in thousands, except for percentages): Total operating expenses for the third quarter of 2024 were RMB58.0 million (US$8.3 million), including RMB11.7 million (US$1.7 million) of share-based compensation expenses, representing a year-over-year decrease of 43.7% from RMB103.1 million in the third quarter of 2023. Sales and marketing expenses for the third quarter of 2024 were RMB20.2 million (US$2.9 million), including RMB1.9 million (US$0.3 million) of share-based compensation expenses, representing a year-over-year decrease of 27.6% from RMB27.9 million in the third quarter of 2023. This was mainly due to the decrease in the share-based compensation and efficiency improvements in marketing and sales work force and expenses compared with the same period last year. Research and development expenses for the third quarter of 2024 were RMB12.8 million (US$1.8 million), including RMB3.5 million (US$0.5 million) of share-based compensation expenses, representing a year-over-year decrease of 72.2% from RMB45.9 million in the third quarter of 2023. The decrease was primarily due to the decrease in the share-based compensation and efficiency improvements in our research and development work force and expenses. General and administrative expenses for the third quarter of 2024 were RMB25.0 million (US$3.6 million), including RMB6.4 million (US$0.9 million) of share-based compensation expenses, compared with RMB29.2 million in the third quarter of 2023. This was mainly due to the decrease in the office and professional service fees compared with the same period last year. Loss from Operations Loss from operations for the third quarter of 2024 was RMB21.6 million (US$3.1 million), compared with RMB78.7 million in the third quarter of 2023. Loss from operations as a percentage of net revenues for the third quarter of 2024 was negative 36.3%, compared with negative 174.4% in the third quarter of 2023. Net Loss Net loss for the third quarter of 2024 was RMB17.4 million (US$2.5 million), compared with net loss of RMB72.9 million in the third quarter of 2023. Net loss as a percentage of net revenues was negative 29.2% in the third quarter of 2024, compared with negative 161.6% in the third quarter of 2023. Adjusted Net Loss (non-GAAP) Adjusted net loss (non-GAAP) for the third quarter of 2024 was RMB5.7 million (US$0.8 million), compared with adjusted net loss (non-GAAP) of RMB53.7 million in the third quarter of 2023. Adjusted net loss (non-GAAP) as a percentage of net revenues was negative 9.5% in the third quarter of 2024, compared with negative 119.1% of adjusted net loss (non-GAAP) as a percentage of net revenues in the third quarter of 2023. Please refer to the table captioned “Reconciliations of non-GAAP measures to the most comparable GAAP measures” at the end of this press release for a reconciliation of net loss under U.S. GAAP to adjusted net loss (non-GAAP). Cash and Cash Equivalents and Term Deposit Cash and cash equivalents and term deposit were RMB339.7 million (US$48.4 million) as of September 30, 2024, compared with RMB476.7 million as of December 31, 2023. Conference Call Information The Company will hold a conference call on Wednesday, December 11, 2024 at 8:00 p.m. U.S. Eastern Time (Thursday, December 12, 2024 at 9:00 a.m. Beijing time) to discuss the financial results for the third quarter of 2024. Please note that all participants will need to preregister for the conference call participation by navigating to https://register.vevent.com/register/BIcb0cb8cc902d426b9cbd52d075f15685 . Upon registration, you will receive an email containing participant dial-in numbers, and PIN number. To join the conference call, please dial the number you receive, enter the PIN number, and you will be joined to the conference call instantly. Additionally, a live and archived webcast of this conference call will be available at https://ir.17zuoye.com/ . Non-GAAP Financial Measures 17EdTech’s management uses adjusted net income (loss) as a non-GAAP financial measure to gain an understanding of 17EdTech’s comparative operating performance and future prospects. Adjusted net income (loss) represents net loss excluding share-based compensation expenses and such adjustment has no impact on income tax. Adjusted net income (loss) is used by 17EdTech’s management in their financial and operating decision-making as a non-GAAP financial measure; because management believes it reflects 17EdTech’s ongoing business and operating performance in a manner that allows meaningful period-to-period comparisons. 17EdTech’s management believes that such non-GAAP measure provides useful information to investors and others in understanding and evaluating 17EdTech’s operating performance in the same manner as management does, if they so choose. Specifically, 17EdTech believes the non-GAAP measure provides useful information to both management and investors by excluding certain charges that the Company believes are not indicative of its core operating results. The non-GAAP financial measure has limitations. It does not include all items of income and expense that affect 17EdTech’s income from operations. Specifically, the non-GAAP financial measure is not prepared in accordance with GAAP, may not be comparable to non-GAAP financial measures used by other companies and, with respect to the non-GAAP financial measure that excludes certain items under GAAP, does not reflect any benefit that such items may confer to 17EdTech. Management compensates for these limitations by also considering 17EdTech’s financial results as determined in accordance with GAAP. The presentation of this additional information is not meant to be considered superior to, in isolation from or as a substitute for results prepared in accordance with US GAAP. Exchange Rate Information The Company’s business is primarily conducted in China and all of the revenues are denominated in Renminbi (“RMB”). However, periodic reports made to shareholders will include current period amounts translated into U.S. dollars (“USD” or “US$”) using the exchange rate as of balance sheet date, for the convenience of the readers. Translations of balances in the consolidated balance sheets and the related consolidated statements of operations, comprehensive loss, change in shareholders’ deficit and cash flows from RMB into USD as of and for the three months ended September 30, 2024 are solely for the convenience of the readers and were calculated at the rate of US$1.00=RMB7.0176 representing the noon buying rate set forth in the H.10 statistical release of the U.S. Federal Reserve Board on September 30, 2024. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on September 30, 2024, or at any other rate. About 17 Education & Technology Group Inc. 17 Education & Technology Group Inc. is a leading education technology company in China, offering smart in-school classroom solution that delivers data-driven teaching, learning and assessment products to teachers, students and parents. Leveraging its extensive knowledge and expertise obtained from in-school business over the past decade, the Company provides teaching and learning SaaS offerings to facilitate the digital transformation and upgrade at Chinese schools, with a focus on improving the efficiency and effectiveness of core teaching and learning scenarios such as homework assignments and in-class teaching. The product utilizes the Company’s technology and data insights to provide personalized and targeted learning and exercise content that is aimed at improving students’ learning efficiency. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about 17EdTech’s beliefs and expectations, are forward-looking statements. 17EdTech may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: 17EdTech’s growth strategies; its future business development, financial condition and results of operations; its ability to continue to attract and retain users; its ability to carry out its business and organization transformation, its ability to implement and grow its new business initiatives; the trends in, and size of, China’s online education market; competition in and relevant government policies and regulations relating to China's online education market; its expectations regarding demand for, and market acceptance of, its products and services; its expectations regarding its relationships with business partners; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in 17EdTech’s filings with the SEC. All information provided in this press release is as of the date of this press release, and 17EdTech does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries, please contact: 17 Education & Technology Group Inc. Ms. Lara Zhao Investor Relations Manager E-mail: ir@17zuoye.comRapidTranslate.org Centralizes Language Resources and Expands Certified Translation Services GloballyKahramaa chief heads Qatari delegation to Arab Water Council
NEW YORK , Dec. 11, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The global medical gas blenders market size is estimated to grow by USD 582 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.42% during the forecast period. Growing geriatric population and rising prevalence of chronic diseases is driving market growth, with a trend towards increasing use of respiratory gas blenders in nicus. However, stringent regulations on design and manufacturing of medical gas blenders poses a challenge. Key market players include BioMed Devices, DEHAS Medical Systems GmbH, EKU Elektronik GmbH, ESAB Corp., Genstar Technologies Co. Inc., Guangdong Pigeon Medical Apparatus Co. Ltd., Halma Plc, HVS Oliver Hornla GmbH and Co. KG, Inspiration Healthcare Group Plc., MCQ Instruments, medin Medical Innovations GmbH, Ningbo David Medical Device Co. Ltd., Precision Medical Inc., S S Technomed P Ltd., Scanatron Technics AG, SHANGHAI AMCAREMED TECHNOLOGY Co. Ltd., TG Eakin Ltd., Weyer GmbH, WITT Gasetechnik GmbH and Co KG, and Zhengzhou Dison Instrument And Meter Co. Ltd.. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Key Market Trends Fueling Growth The Medical Gas Blenders Market is experiencing significant growth due to the increasing number of surgical procedures, driven by diseases such as cancer in the elderly population. Anesthesia delivery machines require a precise flow of gases like oxygen and nitrous oxide for controlled anesthesia during surgery. Manual handling of gases is being replaced by automated handling and electronic control systems. The gas blending system, breathing system, ventilating system, and gas exhaust system are essential components of anesthetic devices. Oxygen, nitrous oxide, and other anesthesia gases are in high demand in hospitals and Ambulatory Surgical Centers. The VMR industry report provides forward-looking analysis and actionable data on gas flows, automated processing, and information management systems. Electronic gas mixing and gas monitoring ensure patient safety and respiratory monitoring. Self-inspection and data systems facilitate efficient gas source management. Outpatient surgeries, hernia operations, hip replacements, and knee replacements are common procedures that utilize medical gas blenders. Chronic conditions, heart surgeries, brain surgeries, lung surgeries, orthopaedic surgeries, gastrointestinal surgeries, inhalable anesthetics, intravenous anesthesia, and cosmetic procedures all require anesthetic devices. Emerging economies and the geriatric population's adoption of these technologies are key growth drivers. Electric power is a critical factor in the functioning of these devices. The market pitches, business plans, presentations, and proposals highlight the importance of these trends in the medical industry. Sample VMR reports are available with discounts. The medical gas blenders market is witnessing significant growth due to the increasing demand for respiratory gas blenders in healthcare facilities. Neonates and infants, particularly those born prematurely, require additional oxygen to breathe properly after birth. The use of medical gas blenders ensures the delivery of precise oxygen mixtures to these patients, preventing potential brain damage or even death. Vendors, such as Ohio Medical, provide reliable and advanced gas blenders, including the NEO2 blend and low-flow models, designed for Neonatal Intensive Care Units (NICUs), ensuring accurate gas mixing for optimal patient care. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges The Medical Gas Blenders Market faces several challenges in the healthcare industry. Diseases such as lung cancer, breast cancer, and prostate cancer require various surgical procedures, leading to an increased demand for anesthesia delivery machines and controlled anesthesia gases like oxygen and nitrous oxide. Manual handling of gases and knob adjustments in anesthetic devices can lead to errors. Electronic control and automated handling are solutions, but cost and self-inspection requirements add complexity. The VMR industry report highlights the importance of gas source, gas blending system, breathing system, ventilating system, gas exhaust system, data system, and electronic gas mixing for efficient gas monitoring and respiratory monitoring. Adoption of automated processing for air/oxygen and melting gas is increasing in Ambulatory Surgical Centers, Hospitals, and OECD countries. Emerging economies, geriatric population, and outpatient surgeries present growth opportunities. Electric power reliability and cost are key considerations. The market pitches, business plans, presentations, and proposals must address these challenges and provide actionable data and forward-looking analysis. Types of cancer, surgical admissions, and chronic conditions like heart and brain surgeries, hernia operations, hip replacement, and knee replacement drive demand for anesthesia gases and anesthetic devices. Inhalable anesthetics and intravenous anesthesia are alternatives. Medical practitioners and cosmetic procedures also utilize medical gas blenders. Medical tourism is a growing trend. Medical gas blenders are essential devices used in healthcare settings to deliver oxygen and heliox therapy, as well as life support in Intensive Care Units (ICUs) and emergency situations. The design and manufacturing of these devices are subject to stringent regulations to ensure safety and effectiveness. In Europe , medical gas blenders must comply with the Medical Device Directive (MDD), Directive 2007/47/EC, and Council Directive 93/42/EEC. Additionally, the oxygen used in medical gas blenders must meet regulatory standards, such as those set by the American National Standards Institute (ANSI) Z86 in the US. The production, handling, manufacturing, control, and distribution of medicinal oxygen are subject to rigorous regulations to maintain quality and safety. Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This medical gas blenders market report extensively covers market segmentation by 1.1 Hospitals 1.2 Ambulatory surgical centers 1.3 Pharmaceuticals 1.4 Homecare settings 1.5 Academic and research institutions 2.1 Dual flow 2.2 Tube flow 3.1 North America 3.2 Europe 3.3 Asia 3.4 Rest of World (ROW) 1.1 Hospitals- The hospital segment led the global medical gas blenders market in 2023, driven by the increasing patient population and subsequent demand for medical gas blenders. These devices are essential for delivering precise oxygen concentrations and flows to patients with hypoxic conditions. Medical gas blenders play a vital role in hospital care by enabling healthcare professionals to administer oxygen safely and accurately. With patient safety being a top priority, medical gas blenders are indispensable tools for ensuring optimal oxygen level monitoring. Consequently, the growing need for medical gas blenders in hospitals will fuel market expansion throughout the forecast period. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Research Analysis The Medical Gas Blenders Market refers to the production and supply of devices used for blending and delivering anesthesia gases for surgical procedures. These gases, including oxygen and nitrous oxide, are essential for controlled anesthesia during surgery. Manual handling of gases using knobs on anesthesia delivery machines has evolved to electronic control and automated handling for improved precision and safety. Gas blending systems ensure accurate mixing of anesthesia gases from various gas sources. The breathing system delivers gases to the patient, while the ventilating system assists in breathing. Gas exhaust systems remove waste gases, and data systems monitor gas flow, oxygen levels, and patient vitals. Electronic gas mixing and gas monitoring ensure safe and efficient delivery of anesthesia gases. Regular self-inspection is crucial to maintain the functionality and safety of medical gas blenders. Market Research Overview The Medical Gas Blenders Market is a critical segment of the healthcare industry, supplying essential gases for various medical applications, including surgical procedures and anesthesia delivery. Diseases such as lung cancer, breast cancer, prostate cancer, and chronic conditions necessitate surgeries, leading to an increased demand for medical gases. Elderly populations in emerging economies and the growing number of outpatient surgeries in Ambulatory Surgical Centers and Hospitals are significant factors driving market growth. Medical Gas Blenders are used to blend and deliver anesthesia gases, including oxygen, nitrous oxide, and other anesthetic gases, in controlled quantities. These systems consist of a gas source, gas blending system, breathing system, ventilating system, gas exhaust system, data system, and electronic gas mixing with gas monitoring and respiratory monitoring. Manual and electronic control options are available, with automated handling and self-inspection features. The VMR Industry Report provides forward-looking analysis, actionable data, and pitches, business plans, presentations, and proposals for investors and industry professionals. The report covers gas flows, automated processing, air/oxygen, melting gas, and various types of surgeries, including hernia operations, hip replacements, knee replacements, heart surgeries, brain surgeries, lung surgeries, orthopaedic surgeries, gastrointestinal surgeries, inhalable anesthetics, intravenous anesthesia, and cosmetic procedures. The adoption of electronic control and automated handling in medical gas blenders is increasing due to their advantages over manual handling, including improved accuracy, safety, and efficiency. The market is expected to grow significantly due to the increasing number of surgical admissions, electric power usage, and the geriatric population's rising healthcare needs. OECD statistics indicate that surgical procedures accounted for over 50% of all healthcare spending in 2019. In conclusion, the Medical Gas Blenders Market is a vital sector of the healthcare industry, providing essential gases for various medical applications, and its growth is driven by demographic and technological factors. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation End-user Hospitals Ambulatory Surgical Centers Pharmaceuticals Homecare Settings Academic And Research Institutions Product Dual Flow Tube Flow Geography North America Europe Asia Rest Of World (ROW) 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE TechnavioTo most, it's the most wonderful time of the year. Families are planning feasts for Thanksgiving and family time as they celebrate Christmas. Children gathered around the Christmas tree and lights twinkling as Mom sips cocoa and enjoys the sights of Christmas. Joy Behar, on the the other hand, says she is miserable and she has one person to blame. You'll never guess! Joy Behar: “We lost the election. We’re miserable. Half of this country is miserable. And let’s just tell the truth: We hate that he won. We hate it.” pic.twitter.com/6LnGVlCL7k Yes, Trumpism is making her miserable. His win is just more than Joy can take. 🎶 it’s the most wonderful time of the year 🎶 https://t.co/nQr9HfhsiN If Joy is upset, it's probably good for the rest of us. They helped Trump win. https://t.co/M8yZ9KEsYq They currently are helping the next Republican win with their attitudes. https://t.co/PsezZF3Ev9 pic.twitter.com/rLfgmz3M5k "We hate it." Really, Joy? It doesn't show! 🤣🤣 https://t.co/SpaGSGIoTL It shows all over her face. Let's just tell the truth. You were miserable before the election, you will be miserable for the rest of your life...why...cause you are a miserable person. All of you on @TheView are. Seek mental health treatment. https://t.co/abRMlZ3tww Behar has been on that show for decades. She isn't even happy when a Democrat is in charge, either. Must be hard to hate so much...I'd say that takes way too much energy🤷♀️ SPOILER ALERT: You were miserable BEFORE the election, too. Not one thing has changed. The problem is thus- they are always miserable. There is ALWAYS something that they are miserable about. They live in perpetual anger. Get over it. We were mad after losing because of election fraud. After being banned from social media for retweeting a true story & not being able to discuss the election fraud, the January 6th set up, or an experimental vaccine. Be mad at your own party for not having better... This is on the Democrats for not caring about what matters to regular people. The hags around that table seem pretty miserable, at least. That's because they are. ah, Joy, the main fact remains: He did win. And bigly. cope and seethe as pleasures you, honey. To be fair, she is bringing Republicans all kinds of joy. These freaks just can NOT grasp the fact that they are completely outta touch with normal citizens her bubble is upset half the nation is not. They should leave the bubble and talk to people who aren't millionaire TV hosts. It might help them understand.Hyderabad: Global media and entertainment giant Warner Bros Discovery (WBD)'s newly set up global capability centre (GCC) in Hyderabad has emerged as its largest tech hub in India with the potential to grow to over a couple of thousand people over the next few years, top officials of the company said here. This is part of WBD's plans to grow its India tech presence to over 1,000 employees, including 400 in Bengaluru and about 100 in Pune, by the end of 2024. "We have about 500 people in Hyderabad and hope to end up with around 550 people here as we look to leverage more and more out of India. I can easily see us being a couple of thousand people in the next few years," said Jaideep Agarwal, India GBS Leader, Warner Bros Discovery. The 1 lakh sq ft Hyderabad facility, WBD's only GCC in India, has been set up with a capacity to house around 1,200-1,400 employees in hybrid mode and will serve as a centre of excellence (CoE) for technology, product, and business services for WBD, said Agarwal, who heads the Hyderabad GCC . Warner Bros. Discovery CTO Avi Saxena said from the direct-to-consumer point of view, the Hyderabad facility focuses on three key areas: commerce, consumer platforms, and data platforms. It has been set up as a centre of excellence (CoE) for AI-driven consumer analytics , streaming subscription management, and enterprise monetisation. While the commerce division handles customer billing, including monthly and annual subscriptions, the consumer platforms team manages customer accounts and profile creation across various partner platforms. The data platforms group processes reams of streaming data daily to power AI-driven customer personalisation across WBD's services, he explained. The Hyderabad centre is also emerging as the only hub for WBD's internally-focused tech teams and is actively beefing up its enterprise technology capabilities with an Enterprise AI CoE. The company is bringing in VP-level leads for data platform and AI practices early next year and will also handle enterprise service management, operations centre roles, and service desk functions, said Dave Duvall, Chief Information Officer, Warner Bros Discovery. The Hyderabad facility, along with Mumbai, is also set to play a key role in global content operations (GCO) to ensure seamless global distribution and content readiness for new streaming regions, including Asia Pacific. India already plays a significant role in WBD's GCO, managing post-production, quality control, metadata, and localisation for content distributed across over 3,000 platforms, 600 channels, and 18 streaming services in over 200 territories, the company said. MSID:: 115740293 413 |
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ST. SIMONS ISLAND, Ga. (AP) — Maverick McNealy steadied himself after a rugged start Saturday with a 4-under 66 and caught up with Vince Whaley in a wild third round at the RSM Classic in which a half-dozen players had at least a share of the lead. McNealy looked as though he might have the lead when he hit wedge on the final hole that rolled just by the cup and settled 8 feet away. He missed the putt, still in great position to go after his first PGA Tour victory. Whaley, also winless on tour, birdied the 18th for a 63 and will be playing in the final group for the first time on the PGA Tour. McNealy, who joined him at 14-under 198, also shared the 54-hole lead in 2021 at the season opener in Napa, California. Whaley was playing with a sense of freedom not everyone has at the final PGA Tour event this year. He was playing on a medical extension and fulfilled the necessary points in July. The next step was finishing in the top 125 in the FedEx Cup. He secured that last week with a tie for fifth in the Bermuda Championship. Everything else feels like a bonus, and there could be no greater perk than a victory to get into the Masters and PGA Championship, along with a two-year exemption. “I've really got nothing to lose and everything to gain, so I'm just excited for the opportunity,” Whaley said. Opportunity abounds going into the final round. Daniel Berger shot a 63 and played his way into the final group, just two shots behind. He was tied with former Sea Island winner Mackenzie Hughes (65), Michael Thorbjornsen (67) and Patrick Fishburn (69). Berger and Thorbjornsen were among those who arrived at Sea Island outside the top 125, the number required to keep full status on tour on next year. Thorbjornsen already has that locked up as the No. 1 player in the PGA Tour University ranking. Berger needed a big week and he's delivering, even though he says he doesn't feel stress. Berger missed 19 months with a back injury that he feared might end his career. Now he's healthy enough to have played 27 times this year. “Regardless when I play well, I'm going to be fine,” said Berger, who played in the 2021 Ryder Cup at Whistling Straits. "When you miss that much amount of time it takes a little bit of a while to get back. It's just a matter of being patient and eventually good things come around.” Henrik Norlander and Hayden Springer, also on the the wrong side of No. 125, each shot 63 and were among those tied for 12th, a position that currently would let them move into the top 125. Joel Dahmen, who had to make a 5-foot par putt on Friday to make the cut, shot 70 and was tied for 61st. He is at No. 124 and his future depends on a big round Sunday, along with how Thorbjornsen, Berger, Norlander and Springer fare. Closer to the top, eight players were separated by three shots. That includes Luke Clanton, the Florida State sophomore and No. 1 amateur in the world who already has three top-10 finishes on the PGA Tour and was going after another one. AP golf: https://apnews.com/hub/golf
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Even before special counsel Jack Smith formally asked that his criminal cases against Donald Trump be dismissed, it was already guaranteed the president-elect would never see a jury. Smith on Monday dropped both the 2020 election subversion prosecution against Trump and the charges accusing Trump of mishandling classified documents. The special counsel stressed his decision was not about the strength of his case against Trump, but his reasoning hung on the Justice Department’s long-held belief that the Constitution prohibits prosecutions against sitting presidents. Even if prosecutors had believed that they could have kept the cases on life support into the second Trump presidency, the president-elect had already indicated that he planned to fire Smith and his team, a vow that breached the usual norms surrounding a special counsel investigation. Trump’s reelection this month was the straw that broke the back of a camel that had been buckling under slow-walking courts and novel legal arguments. Smith’s filings suggested he could bring the charges again, though Trump may seek to foreclose that possibility by pardoning himself – an unprecedented move. Also looming over Trump’s second term is the Republican’s promises to go after those who prosecuted him, a vow echoed by his pick for attorney general. Here are takeaways from Smith’s move to seek the cases’ dismissal and how his prosecutions got to this point: Trump’s election and retribution promises made this day inevitable Trump’s reelection earlier this month ensured that his federal criminal cases would face an early end. The former president vowed during his campaign to fire Smith if voters sent him back to the White House – a move at odds with how other presidents have handled special counsels. “Oh, it’s so easy. It’s so easy,” Trump said in October when asked by conservative radio host Hugh Hewitt whether he would “pardon yourself” or “fire Jack Smith” if reelected. “I would fire him within two seconds.” In the end, though, Trump didn’t need to sack the special counsel to kill the two cases. He was already benefiting from a legal strategy of delay that made sure no trials got underway before Election Day – which ultimately forced Smith’s hand. A few days after Trump’s reelection, the special counsel asked the judge overseeing the DC case to pause deadlines in that matter so his team could assess how to move forward with the unprecedented prosecution. Nearly three weeks after Election Day, he submitted his filings to the courts in DC and Florida. The president-elect, meanwhile, has repeatedly promised to seek political retribution against Smith and others whom he believes have unfairly pursued him during his four years out of office. His pick for attorney general, Pam Bondi , appears ready to be a loyal foot soldier in those efforts. “The Department of Justice, the prosecutors will be prosecuted — the bad ones,” Bondi, who served for a time as Florida’s attorney general, said in a TV appearance in August 2023. “The investigators will be investigated. Because the deep state, last term for President Trump, they were hiding in the shadows. But now they have a spotlight on them, and they can all be investigated,” she added. What will we learn next? Before Trump takes his oath of office next year, Smith plans to release a final report as required by law on his investigations into Trump, a source familiar with the matter tells CNN. Attorney General Merrick Garland is expected to publicly release it, as he has with past special counsel reports. But it’s unclear how much new information would be included, especially in the election subversion case, where Smith recently filed hundreds of pages of legal arguments and evidence gathered for that prosecution. The Supreme Court played a major role If part of what happened was that Smith simply ran out of time to pursue the case against Trump, then the six-justice conservative majority on the Supreme Court had a key role to play in slowing things down. The high court granted Trump sweeping immunity from criminal prosecution for official actions in a highly anticipated 6-3 decision that was handed down in July, limiting the special counsel’s ability to move forward. Some of Trump’s critics slammed the decision itself , but others faulted the court for the time it took to deliver it. It was clear that several conservative justices saw the ruling not as a gift to Trump but as a way to head off spiraling and potentially politically motivated prosecutions. While the court’s decision may ultimately meet that goal, the ruling is also widely viewed as removing a check on presidents. Chief Justice John Roberts, a conservative, wrote that Congress couldn’t criminalize a president’s conduct when he is “carrying out the responsibilities of the executive branch.” Justice Sonia Sotomayor, a liberal, warned in dissent that the decision would set up future presidents to be “a king above the law.” The Supreme Court initially denied Smith’s effort to resolve the immunity questions in December – allowing the normal process to play out with a federal appeals court wading in first. Two months later, in mid-February, after the appeals court ruled in Smith’s favor, it was Trump who asked the justices to review the question of presidential immunity. The court granted the case in February but did not hear arguments until the end of April. It handed down its decision on the final day of its term, on July 1. And the case was finally returned to the trial-level court in DC in August. Judge Cannon killed the Mar-a-Lago case The election subversion case was always expected to face years of litigation over the questions it raised about criminalizing acts taken by a sitting president. But the case in which Trump was accused of mishandling national defense information – was viewed as a much more straightforward prosecution, for how it focused on Trump’s post-presidency conduct and dealt with a well-established area of law. Trump, however, hit the jackpot with the assignment of that case to Judge Aileen Cannon, an appointee of his with little trial experience who had already treated the investigation with remarkable hostility when she oversaw pre-indictment lawsuit Trump brought challenging the FBI’s search of his Florida Mar-a-Lago resort. Cannon threw a number of wrenches into the prosecutors’ case before dismissing it entirely this summer on the grounds that Smith was unlawfully appointed. Her handling of the charges was widely panned by legal experts, and her dismissal ruling as set for review by the 11th U.S. Circuit Court of Appeals until those deadlines were postponed with Trump’s win. Notably, Smith is not ending the Justice Department’s pursuit of the two Trump employees, Walt Nauta and Carlos De Oliveira, who were charged with allegedly assisting their boss in efforts to hinder the federal probe. What to do next in the case will be a question for the incoming Trump Justice Department. While Trump might want to have the charges against his allies dropped, the DOJ will have to balance that against an institutional desire to wipe off the books a dismissal ruling that could undermine special counsel investigations in the future. Smith keeps door open for charges to be brought again In both of his cases against Trump, Smith said he was dropping the charges against the president-elect “without prejudice,” which in theory would keep open the door for charges to be brought again in the future. While pointing to the immunity Trump was about to receive by reentering the White House, Smith repeatedly said characterized that immunity as “temporary.” Smith’s filing in the election subversion case in Washington, D.C., included a longer discussion of how he had come to the decision to drop that case, where he had to weigh the longstanding DOJ position barring prosecutions of sitting president against the principle that no man is “above the law.” Smith said he consulted with DOJ lawyers on the question, and they also weighed the possibility of pausing the case until Trump no longer had the immunity of the presidency protecting him. Ultimately, however, the Department’s Office of Legal Counsel concluded that the prohibitions on prosecuting sitting presidents is “categorial,” including for indictments handed up before a defendant enters office, Smith said. Monday’s move by Smith will likely bring attention – and perhaps criticism – to the Justice Department’s views, which have not yet been tested directly by courts. Trump lawyers get top jobs in his DOJ as a thank you Smith’s dismissal filings bring to a close a chapter for the criminal attorneys who were mostly successful in staving off the criminal prosecutions against Trump. But a new chapter has already opened for several members of the Trump legal team who have already been rewarded with plum positions in his incoming administration. Todd Blanche, who played a central role in the DC prosecution and in other Trump cases, has been tapped by Trump for the DOJ’s No. 2 role, deputy attorney general. John Sauer, who argued the immunity dispute on Trump’s behalf before the Supreme Court, has been selected by Trump to be U.S. solicitor general, the federal government’s top lawyer before the high court. Both positions are subject to Senate confirmation. Additionally, Trump announced that another member of his personal legal team, Emile Bove would serve as acting deputy attorney general while Blanche was waiting for confirmation and then move to principal associate deputy attorney general, a position that does not go before the Senate.Moment masked thug brandishes TWO ‘zombie knives’ outside school while brave passerby yells ‘put it away’
Kamala Harris could be the next governor of California. Weeks after being defeated by President-elect Donald Trump, the former Democratic presidential nominee has told her inner circle she will keep all options open, according to Politico. That could include California’s 2026 gubernatorial race. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.The ladies on “The View” have had a tough few weeks, to put it mildly. They watched helplessly as the nation handed their political adversary complete control over the federal government in a complete rebuke of all the woke nonsense they’ve been spouting out for nearly a decade now. In more recent days, their hosts have endured the humiliation of being forced to on the air over various defamatory accusations they’ve thrown at allies of President-elect Donald Trump. It just keeps getting worse for them as the continues to tilt Trump’s way. That trend continued to escalate Monday to the point of infighting between co-hosts Whoopi Goldberg and Ana Navarro. When is the one bucking against anti-Trump rhetoric, you know the left is in serious trouble. The exchange began when Goldberg suggested that the anti-Trump left’s only option at this point is to “wait and see” what the Trump administration does. Navarro attacked that comment, exclaiming that she can’t “wait and see” when she believes the man soon to be in charge is a literal “dictator.” This whipped up the whole panel into a bit of a frenzy, with Goldberg in particular appearing rather agitated. “There’s nothing to be done until you know what you’re fighting,” Goldberg said. “Pissing in the wind doesn’t help, you just get a wet face.” Navarro then doubled down. “What I’m saying is I have no false expectations that at 78, he’s going to, all of a sudden, turn into another human being ... I spent weeks telling people that he was apocalyptic. I’m not going to change now ... I think that’s when we lose credibility,” Navarro said. “But here’s the thing,” Goldberg said back, “you lose credibility in many different ways. If you don’t know what you’re talking about, and you accuse him of something, then they’re going to blow it back. That’s why I’m saying we need to wait and see ...” This infighting on the left is by no means exclusive to “The View.” It’s a more widespread problem caused by lies trickled down from the high echelons of leftism. You see, among the academics, media elites, Democrat , and party leaders, many on the left knew they were lying and exaggerating when they called Trump a fascist. Members of the movement below them, however — the foot soldiers who don’t necessarily create the left’s narratives, but nonetheless accept and herald them passionately (Ana Navarro, for example) — didn’t know it was a lie. They took those threats seriously. So while those who created the lies and knew better are quickly pivoting away (take , for example, who decided to make peace with Trump), those below them, the left-wing foot soldiers who took those lies seriously, cannot. They still believe a literal fascist dictator is about to take control of the country. So in the weeks, months and years ahead, this infighting will not only continue, it will destroy what’s left of the left-wing coalition. As Trump proves to be a competent, conservative leader — and when those lefties eventually realize that fascism, in fact, did not take root in this country — more and more of those foot soldiers will become disillusioned. They’ll begin to realize they were lied to. That argument on is representative of a larger breaking apart that’s about to happen on the woke left. We beat them, but don’t get too comfortable. We’ll still have to contend with whatever liberal movement sweeps in to replace it. We are committed to truth and accuracy in all of our journalism. Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. .
The U.S. airline industry is gearing up for a blockbuster year in 2025, Morgan Stanley analysts say, predicting airline companies on the brink of what could be a “perfect storm of tailwinds that essentially propels the industry to make money.” Equity analyst Ravi Shanker reiterated a bullish stance on the airlines industry in a Wednesday note. The U.S. Global Jets ETF JETS has rallied 36% year-to-date, outperforming by about 9 percentage points the broader stock market as tracked by the SPDR S&P 500 ETF Trust SPY . Premium Carriers Poised For Another Stellar Year “We expect demand to remain resilient with volume growth,” Shanker said. Legacy carriers like United Airlines Holdings Inc. UAL and Delta Air Lines Inc. DAL are reaping the rewards of what analysts call "the premiumization trend,” he added. According to Morgan Stanley, these carriers benefit not just from ticket sales but from steady ancillary revenue streams, including loyalty programs, credit cards, and brand partnerships. In 2024, UAL's stock soared over 150%, leading Morgan Stanley to raise its price target from $88 to $130. However, the extraordinary run places a high bar for further gains. Alaska Air Group Inc. ALK climbed to Morgan Stanley's top pick for 2025, with an upgraded price target of $90 on the back of "upsized synergy targets at their recent Investor Day." Domestic Airlines Eye A Comeback While premium carriers dominated in 2024, several domestic-focused airlines are staging a resurgence. Low-cost and ultra-low-cost carriers, including JetBlue Airways Corp. JBLU and Southwest Airlines Co. LUV , faced a tough year marked by operational challenges and restructuring efforts. "The other big shift in 2024 was several domestic carriers fundamentally changing their business models to fly less, fly differently, bundle fares, and move upmarket," Morgan Stanley highlighted. As these carriers stabilize operations, easier year-over-year comparisons position them for a strong recovery. Morgan Stanley resumed coverage of JBLU at ‘Equalweight’ with a 12-month price target of $8. “We like the elements of the JetForward plan but note that the turnaround is likely to be slower with more elements outside of management’s control than other Domestic peers,” Shanker wrote. Industry Metrics Flash Green For 2025 Morgan Stanley expects 2025 to mark the first sustained period where revenue per available seat mile (RASM) exceeds cost per available seat mile (CASM). This dynamic is expected to boost margins across the board, a stark reversal from earlier pandemic years. Analysts project mid-single-digit (MSD) volume growth for the industry, supported by constrained capacity growth at low-single-digit (LSD) levels. Fueling optimism is a favorable jet fuel environment. Prices are forecast to hover in the low $2 per gallon range through 2026, providing airlines with critical cost stability. " This is the sweet spot of the industry where pricing can drop through to the bottom line while offering an added incentive for capacity to remain rational," Morgan Stanley wrote in the note. Investor Sentiment: Opportunities And Risks Despite 2024's strong performance, airline valuations remain compelling. Analysts note that stocks like ALK, AAL, and DAL trade below historical earnings multiples, offering attractive upside potential. Yet, risks loom, including macroeconomic headwinds and the possibility of a slowdown in consumer spending in the second half of 2025. Morgan Stanley also flagged the return of institutional investors as a positive catalyst. "The potential return of large, sticky capital bases for the first time in 10 years could set another leg or three in the stocks' run in 2025," Shanker said. Now Read: Bank Of America Raises Bullish Outlook On US Brokers, Exchanges, Alternative Investments: 3 Top Picks For 2025 Image: Best Airports 2024 | Image generated using Dall-E © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
India News Today Live Updates on December 4, 2024 : E-auction of sick business assets on dedicated platform may become compulsoryPISCATAWAY, N.J. (AP) — Luke Altmyer found Pat Bryant for a catch-and-run, 40-yard touchdown pass with 4 seconds left, sending No. 24 Illinois to a wild 38-31 victory over Rutgers on Saturday. Illinois (8-3, 5-3 Big Ten) was down 31-30 when it sent long kicker Ethan Moczulski out for a desperation 58-yard field goal with 14 seconds to go. Rutgers coach Greg Schiano then called for a timeout right before Moczulski’s attempt was wide left and about 15 yards short. After the missed field goal was waved off by the timeout, Illinois coach Bret Bielema sent his offense back on the field. Altmyer hit Bryant on an in cut on the left side at the 22, and he continued across the field and scored untouched in a game that featured three lead changes in the final 3:07. Rutgers (6-5, 3-5) gave up a safety on the final kickoff return, throwing a ball out of bounds in the end zone as players passed it around hoping for a miracle touchdown. Altmyer was 12-of-26 passing for 249 yards and two touchdowns. Bryant finished with seven receptions for 197 yards. Altmeyer put Illinois in front with a 30-yard TD run with 3:07 to go. He passed to Josh McCray on the 2-point conversion, making it 30-24. Rutgers responded with a 10-play, 65-yard drive. Athan Kaliakmanis had a 15-yard run on fourth down. He passed to running back Kyle Manangai for a 13-yard TD with 1:08 remaining. Illinois then drove 75 yards in eight plays for the unexpected win. Kaliakmanis was 18 for 36 for 174 yards and two touchdowns. He also had 13 carries for 84 yards and two TDs. Monangai had a career-high 28 carries for 122 yards. Kaliakmanis found Ian Strong for a 2-yard touchdown in the final seconds of the first half, and he scored on a 1-yard run to lift Rutgers to a 24-15 lead early in the fourth quarter. Illinois responded with Aidan Laughery’s 8-yard TD run, setting up the roller-coaster finish. The start of the second half was delayed because of a scrum between the teams. There were no punches thrown and the officials called penalties on both schools. Monangai become the third player in Rutgers history to rush for 3,000 yards when he picked up 4 on a third-and-1 carry early in the second quarter. The defending conference rushing champion joins Ray Rice and Terrell Willis in hitting the mark. Illinois: The great finish keeps the Illini in line for its first nine-win season since 2007 and a prestigious bowl game this season. Rutgers: The Scarlet Knights were seconds away from their first in-conference three-game win streak since joining the Big Ten in 2014. Illinois: At Northwestern next Saturday. Rutgers: At Michigan State next Saturday. AP college football: https://apnews.com/hub/college-football and https://apnews.com/hub/ap-top-25-college-football-poll
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