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Brisbane news live: Voters think Albanese government has wrong prioritiesALPHARETTA, Ga. , Nov. 25, 2024 /PRNewswire/ -- Arclin, a leading material science company, officially launched its new brand on November 12, 2024 . This modern rebranding reflects the company's evolution as a material science provider with a focus on protective and mission-critical products and its expanded presence as a global leader across key market sectors. To better align its brand with its evolving vision, Arclin embarked on a year-long research, strategy, and creative development process. The initial months focused on gathering insights from internal stakeholders, existing customers, and industry experts to identify key strengths, value propositions, and areas for growth. "The research phase was pivotal in helping us sharpen our focus and align internally so that we could better represent our true value and potential to different internal and external audiences," said Mark Glaspey , Arclin's Chief Operating Officer. A key partner in this transformation has been Matchstic, a brand identity firm based in Atlanta, GA. Collaborating closely with the Arclin team, Matchstic helped transform the company's narrative from a chemical and applications company to that of a global leader in formulated technologies that are essential to meeting worldwide demand. As part of its overall rebranding effort, Arclin also worked with Whiteboard, a Chattanooga, TN , based company, to completely overhaul its website onto a more robust, easier-to-navigate platform that more clearly represents the depth and breadth of the company's offerings. Inspired by the Arclin out-of-the-box approach to thinking and innovating, the new brand symbol is a nod to a deconstructed cube. The shape of the panels implies movement and momentum that speaks to the company's continued innovation and commitment to bringing life-changing products to the world. "The selection of a vibrant orange as our primary color represents a bold departure from our previous brand," said Jana Wright , Arclin's Vice President of Brand & Marketing. "This change signals a confident transition, positioning Arclin as a leading material science company. Our new logo reflects our philosophy of technological precision and innovation." The stenciled wordmark visualizes the relationship between the seen and the unseen with intentional gaps inside the letterforms. This idea highlights the seemingly invisible science that is the backbone of Arclin products—technologies that are vital and found in essential protective products across numerous industries, enhancing our lives in ways that many people do not realize. "We've been around for many years, but never have we been able to fully articulate or capture what we do," stated Bradley Bolduc , Arclin's President and Chief Executive Officer. "It's a complex process, producing polymers and materials that touch so many products and areas of life. We've always taken a back seat in that story. But now is the time to change that, highlighting our transformation over the past five years, by making a bold change in how we present ourselves to our employees, customers and industry as a whole." About Arclin Arclin is a leading materials science company and manufacturer of polymer technologies, engineered products and specialized materials for the construction, agriculture, transportation infrastructure, weather & fire protection, pharmaceutical, nutrition, electronics, design, and other industries. Headquartered in Alpharetta, Georgia , Arclin has offices and manufacturing facilities throughout the U.S., Canada , and U.K. and manufactures for customers worldwide. For more information, visit www.arclin.com . Logo - https://mma.prnewswire.com/media/2222683/Arclin_Logo.jpg
The Dolphins’ Thanksgiving game gives team chance to conquer two foes: the Packers and the coldGabriel mimics Gyokeres in cheeky goal celebration in Arsenal win over Sporting in Champions League
LAS VEGAS — Players Era Festival organizers have done what so many other have tried — bet their fortunes in this city that a big payoff is coming. Such bet are usually bad ones, which is why so many massive casino-resorts have been built on Las Vegas Boulevard. But it doesn't mean the organizers are wrong. They're counting on the minimum of $1 million in guaranteed name, image and likeness money that will go to each of the eight teams competing in the neutral-site tournament that begins Tuesday will create a precedent for other such events. EverWonder Studios CEO Ian Orefice, who co-founded Players with former AND1 CEO Seth Berger, compared this event to last year's inaugural NBA In-Season Tournament that played its semifinals and final in Las Vegas by saying it "did really well to reinvigorate the fan base at the beginning of the year." "We're excited that we're able to really change the paradigm in college basketball on the economics," Orefice said. "But for us, it's about the long term. How do we use the momentum that is launching with the 2024 Players Era Festival and be the catalyst not to change one event, but to change college basketball for the future." Orefice and Berger didn't disclose financial details, but said the event will come close to breaking even this year and that revenue is in eight figures. Orefice said the bulk of the revenue will come from relationships with MGM, TNT Sports and Publicis Sport & Entertainment as well as sponsors that will be announced later. Both organizers said they are so bullish on the tournament's prospects that they already are planning ahead. Money made from this year's event, Orefice said, goes right back into the company. "We're really in this for the long haul," Orefice said. "So we're not looking at it on a one-year basis." Rick Giles is president of the Gazelle Group, which also operates several similar events, including the College Basketball Invitational. He was skeptical the financial numbers would work. Giles said in addition to more than $8 million going to the players, there were other expenses such as the guarantees to the teams. He said he didn't know if the tournament would make up the difference with ticket sales, broadcast rights and sponsorship money. The top bowl of the MGM Grand Garden Arena will be curtained off. "The math is highly challenging," Giles said. "Attendance and ticket revenues are not going to come anywhere close to covering that. They haven't announced any sponsors that I'm aware of. So it all sort of rests with their media deal with Turner and how much capital they want to commit to it to get these players paid." David Carter, a University of Southern California adjunct professor who also runs the Sports Business Group consultancy, said even if the Players isn't a financial success this year, the question is whether there will be enough interest to move forward. "If there is bandwidth for another tournament and if the TV or the streaming ratings are going to be there and people are going to want to attend and companies are going to want to sponsor, then, yeah, it's probably going to work," Carter said. "But it may take them time to gain that traction." Both founders said they initially were met with skepticism about putting together such an event, especially from teams they were interested in inviting. Houston was the first school to commit, first offering an oral pledge early in the year and then signing a contract in April. That created momentum for others to join, and including the No. 6 Cougars, half the field is ranked. "We have the relationships to operate a great event," Berger said. "We had to get coaches over those hurdles, and once they knew that we were real, schools got on board really quickly." The founders worked with the NCAA to make sure the tournament abided by that organization's rules, so players must appear at ancillary events in order to receive NIL money. Strict pay for play is not allowed, though there are incentives for performance. The champion, for example, will receive $1.5 million in NIL money. Now the pressure is on to pull off the event and not create the kind of headlines that can dog it for years to come. "I think everybody in the marketplace is watching what's going to happen (this) week and, more importantly, what happens afterwards," Giles said. "Do the players get paid on a timely basis? And if they do, that means that Turner or somebody has paid way more than the market dictates? And the question will be: Can that continue?" CREIGHTON: P oint guard Steven Ashworth likely won’t play in the No. 21 Bluejays’ game against San Diego State in the Players Era Festival in Las Vegas. Ashworth sprained his right ankle late in a loss to Nebraska on Friday and coach Greg McDermott said afterward he didn’t know how long he would be out. Get local news delivered to your inbox!SALT LAKE CITY (AP) — A Department of Homeland Security agent who the FBI says conspired with another agent to sell an illicit drug known as “bath salts” pleaded not guilty to a drug distribution conspiracy charge Friday in federal court. A grand jury in Salt Lake City brought the criminal charge against Special Agent David Cole of the Homeland Security Investigations unit earlier this week. The indictment alleges that Cole abused his position as a federal law enforcement agent to obtain and sell drugs for profit. If convicted, he faces a maximum penalty of 20 years in prison. Cole took drugs that had been seized as evidence, telling colleagues he was using them for legitimate investigations, and instead sold them to a confidential informant who resold the drugs for profit on the streets of Utah, according to the indictment. The informant, who has a lengthy criminal history, had been recruited by federal agents to work for them upon his release from prison. But in addition to conducting controlled buys from suspected drug dealers as directed by investigators, the informant said he was compelled by Cole and another agent to also engage in illegal sales. The investigation began after the informant’s defense attorney contacted the U.S. Attorney in Utah in October to report that agents had required him to engage in potentially illegal acts dating from last spring to early December. Details of drug sales offered by the informant were confirmed through surveillance and other sources, the FBI said. Cole and the second agent — identified in court documents only as “Person A” — profited up to $300,000 from the illegal scheme, according to an FBI affidavit filed in the case. FBI spokesperson Sandra Barker said Friday that “Person A” had not been arrested or charged, but the investigation was ongoing. Cole, 50, of South Jordan, Utah, entered the courtroom Friday handcuffed and hunched over, wearing a white and gray, striped jumpsuit. U.S. Magistrate Judge Dustin Pead accepted Cole's not guilty plea and scheduled a trial for the week of Feb. 24. Federal officials say Cole’s indictment sends a message that officers who break the law and undermine the public’s trust in law enforcement will be prosecuted. “A drug dealer who carries a badge is still a drug dealer — and one who has violated an oath to uphold the law and protect the public,” said Nicole Argentieri, head of the U.S. Justice Department’s Criminal Division. "No one is above the law.” Special Agent Shohini Sinha, who leads the FBI's Salt Lake City field office, said Cole’s alleged actions helped fuel an already devastating drug crisis . Ingestion of synthetic bath salts, also known as Alpha-PVP or cathinone, can lead to bizarre behavior such as paranoia and extreme strength, according to authorities who say it’s similar to methamphetamine, cocaine or ecstasy. They are unrelated to actual bathing products. Cole’s attorney, Alexander Ramos, has declined to directly address the criminal allegations but said his client has a strong reputation within the federal law enforcement community. Ramos did not immediately respond Friday to emails seeking comment on the not guilty plea. The Homeland Security Investigations department where Cole worked conducts federal criminal investigations into the illegal movement of people, goods, money, weapons, drugs and sensitive technology into, out of and across the U.S. Cole and the second agent had their credentials suspended but have not been fired, according to court documents.
JERUSALEM — Israel approved a United States-brokered cease-fire agreement with Lebanon's Hezbollah on Tuesday, setting the stage for an end to nearly 14 months of fighting linked to the ongoing war in the Gaza Strip. Israeli warplanes meanwhile carried out the most intense wave of strikes in Beirut and its southern suburbs since the start of the conflict and issued a record number of evacuation warnings. At least 24 people were killed in strikes across the country, according to local authorities, as Israel signaled it aims to keep pummeling Hezbollah before the cease-fire is set to take hold at 4 a.m. local time on Wednesday. Another huge airstrike shook Beirut shortly after the cease-fire was announced. Israel's security Cabinet approved the cease-fire agreement late Tuesday after it was presented by Prime Minister Benjamin Netanyahu, his office said. U.S. President Joe Biden, speaking in Washington, called the agreement “good news” and said his administration would make a renewed push for a cease-fire in Gaza. An Israel-Hezbollah cease-fire would mark the first major step toward ending the regionwide unrest triggered by Hamas’ attack on Israel on Oct. 7, 2023. But it does not address the devastating war in Gaza, where Hamas is still holding dozens of hostages and the conflict is more intractable. U.S. President-elect Donald Trump has vowed to bring peace to the Middle East without saying how. The Biden administration spent much of this year trying to broker a cease-fire and hostage release in Gaza but the talks repeatedly sputtered to a halt. Still, any halt to the fighting in Lebanon is expected to reduce the likelihood of war between Israel and Iran, which backs both Hezbollah and Hamas and exchanged direct fire with Israel on two occasions earlier this year. Israel says it will ‘attack with might’ if Hezbollah breaks truce Netanyahu presented the cease-fire proposal to Cabinet ministers after a televised address in which he listed a series of accomplishments against Israel’s enemies across the region. He said a cease-fire with Hezbollah would further isolate Hamas in Gaza and allow Israel to focus on its main enemy, Iran, which backs both groups. “If Hezbollah breaks the agreement and tries to rearm, we will attack,” he said. “For every violation, we will attack with might.” The cease-fire deal calls for a two-month initial halt in fighting and would require Hezbollah to end its armed presence in a broad swath of southern Lebanon, while Israeli troops would return to their side of the border. Thousands of additional Lebanese troopsand U.N. peacekeepers would deploy in the south, and an international panel headed by the United States would monitor all sides’ compliance. But implementation remains a major question mark. Israel has demanded the right to act should Hezbollah violate its obligations. Lebanese officials have rejected writing that into the proposal. Biden said Israel reserved the right to quickly resume operations in Lebanon if Hezbollah breaks the terms of the truce, but that the deal "was designed to be a permanent cessation of hostilities.” Netanyahu’s office said Israel appreciated the U.S. efforts in securing the deal but “reserves the right to act against every threat to its security.” Hezbollah has said it accepts the proposal, but a senior official with the group said Tuesday that it had not seen the agreement in its final form. “After reviewing the agreement signed by the enemy government, we will see if there is a match between what we stated and what was agreed upon by the Lebanese officials,” Mahmoud Qamati, deputy chair of Hezbollah’s political council, told the Al Jazeera news network. “We want an end to the aggression, of course, but not at the expense of the sovereignty of the state.” of Lebanon, he said. “Any violation of sovereignty is refused.” Warplanes bombard Beirut and its southern suburbs Even as Israeli, U.S, Lebanese and international officials have expressed growing optimism over a cease-fire, Israel has continued its campaign in Lebanon, which it says aims to cripple Hezbollah’s military capabilities. An Israeli strike on Tuesday leveled a residential building in the central Beirut district of Basta — the second time in recent days warplanes have hit the crowded area near the city’s downtown. At least seven people were killed and 37 wounded, according to Lebanon's Health Ministry. Strikes on Beirut's southern suburbs killed at least one person and wounded 13, it said. Three people were killed in a separate strike in Beirut and three in a strike on a Palestinian refugee camp in southern Lebanon. Lebanese state media said another 10 people were killed in the eastern Baalbek province. Israel says it targets Hezbollah fighters and their infrastructure. Israel also struck a building in Beirut's bustling commercial district of Hamra for the first time, hitting a site that is around 400 meters (yards) from Lebanon’s Central Bank. There were no reports of casualties. The Israeli military said it struck targets in Beirut and other areas linked to Hezbollah's financial arm. The evacuation warnings covered many areas, including parts of Beirut that previously have not been targeted. The warnings, coupled with fear that Israel was ratcheting up attacks before a cease-fire, sent residents fleeing. Traffic was gridlocked, and some cars had mattresses tied to them. Dozens of people, some wearing their pajamas, gathered in a central square, huddling under blankets or standing around fires as Israeli drones buzzed loudly overhead. Hezbollah, meanwhile, kept up its rocket fire, triggering air raid sirens across northern Israel. Israeli military spokesman Avichay Adraee issued evacuation warnings for 20 buildings in Beirut's southern suburbs, where Hezbollah has a major presence, as well as a warning for the southern town of Naqoura where the U.N. peacekeeping mission, UNIFIL, is headquartered. UNIFIL spokesperson Andrea Tenenti told The Associated Press that peacekeepers will not evacuate. Israeli forces reach Litani River in southern Lebanon The Israeli military also said its ground troops clashed with Hezbollah forces and destroyed rocket launchers in the Slouqi area on the eastern end of the Litani River, a few kilometers (miles) from the Israeli border. Under the cease-fire deal, Hezbollah would be required to move its forces north of the Litani, which in some places is about 30 kilometers (20 miles) north of the border. Hezbollah began firing into northern Israel, saying it was showing support for the Palestinians, a day after Hamas carried out its Oct. 7, 2023, attack on southern Israel, triggering the Gaza war. Israel returned fire on Hezbollah, and the two sides have been exchanging barrages ever since. Israel escalated its campaign of bombardment in mid-September and later sent troops into Lebanon, vowing to put an end to Hezbollah fire so tens of thousands of evacuated Israelis could return to their homes. More than 3,760 people have been killed by Israeli fire in Lebanon the past 13 months, many of them civilians, according to Lebanese health officials. The bombardment has driven 1.2 million people from their homes. Israel says it has killed more than 2,000 Hezbollah members. Hezbollah fire has forced some 50,000 Israelis to evacuate in the country’s north, and its rockets have reached as far south in Israel as Tel Aviv. At least 75 people have been killed, more than half of them civilians. More than 50 Israeli soldiers have died in the ground offensive in Lebanon. Chehayeb and Mroue reported from Beirut. Associated Press reporters Lujain Jo and Sally Abou AlJoud in Beirut, and Aamer Madhani in Washington, contributed.It comes as Propertymark, which represents estate agents, said selling property or turning to the short-term letting market is becoming a "more attractive" option for landlords. Provisional figures from the Office for National Statistics show the average private rent in St Helens reached £708 per month in the year to October – up 9% from £650 a year prior. It was also up 34% from an estimated £527 a month five years ago. Valuation Office Agency rent officers collect prices from a variety of sources, including landlords and letting agents, with the aim to collect data on approximately 10% of the market. Across the North West, the average rent was £870 – rising 10% from the year before. Trafford had the highest rental cost in the region at £1,278 per month, while the lowest was in Burnley at £582. Sarah Coles, head of personal finance at Hargreaves Lansdown, said: "Getting good news about your rent is about as common as discovering your housemates have washed up for you, or your landlord suggesting you get a dog. "It means for many, the only way out of the endless cycle of rising costs is to buy, but this is far easier said than done when rents absorb so much of your income." In October, the average private rent in Great Britain was £1,307 per month. This was £105, or 9%, higher than 12 months ago. Nathan Emerson, chief executive at Propertymark, said: "As we continue to see a further increase in rental prices across the UK, our members continue to emphasise key concerns regarding the ongoing trend of lack of rental stock versus an ever-growing number of tenants looking for homes. "Selling up altogether or turning to the short-term letting market is becoming a more attractive option for landlords due to the challenging legislative changes and increased financial liabilities they face." The figures also show the different costs for various homes in St Helens, from £518 for a one-bed property to £1,165 for a home with four or more bedrooms in October. Among the property types in the area: A detached housed cost £1,036 to rent per month A semi-detached cost £774 per month A terraced house was £697 per month And a flat or maisonette was £604 a month
Share Tweet Share Share Email What if the biggest financial crisis you’ve ever known turned into the greatest investment opportunity of your life? Imagine being in 1973, during the economic crash, where chaos reigned supreme. Stocks tanked, inflation soared, and people scrambled to cut losses. Yet, legends like Warren Buffett thrived by buying undervalued stocks amid the panic. Fast forward to today, and history’s lesson is clear—opportunity hides in chaos. In the ever-evolving world of meme coins, BTFD Coin (BTFD) mirrors this strategy by encouraging you to “Buy the Dip.” With its presale storming past $4.3 million and a community-driven approach, BTFD is rewriting the playbook for meme coins with its BIG50 bonus code that unlocks stage 7 price in the ongoing presale stage. Alongside the likes of Just a Chill Guy (CHILLGUY) and Dogs (DOGS), BTFD is proving that meme coins aren’t just fun—they’re formidable investments. Let’s break it down. BTFD Coin: Turning Dips into Opportunities BTFD Coin is redefining the rules of presales, offering a rare chance to purchase tokens in Stage 12 at the unbeatable Stage 7 price of $0.000064. This opportunity is not just exciting but potentially life-changing, with an expected ROI of 837.5% once the coin lists at $0.0006. By using the exclusive code “ BIG50 ,” investors can unlock this massive discount and position themselves for substantial gains. The discounted price aligns with BTFD Coin’s strategy of rewarding early adopters and creating buzz in the crypto market. For seasoned investors or those new to the crypto space, this rollback represents a golden chance to maximise returns with minimal risk. Don’t let this unique opportunity slip away—secure your spot in the presale, use the BIG50 code, and set the stage for your financial success. Opportunities like this are rare, and BTFD Coin is ready to deliver exceptional value to its growing community. BTFD Coin isn’t just a meme coin—it’s a movement. Inspired by the classic investing mantra, “ Buy the Dip ,” BTFD is for those who spot uncertain opportunities. The BTFD Coin’s presale has already sold over 57 billion tokens to over 6,300 holders, with analysts predicting even bigger moves post-launch. The BTFD Edge BTFD’s Play-to-Earn (P2E) game, introduced in Stage 10, is a game-changer. Although the beta version doesn’t yet reward players, it’s setting the stage for a vibrant gaming ecosystem. Players will soon earn tokens while enjoying an immersive experience with the Bulls Squad, the mascots symbolising resilience, creativity, and community strength. BTFD’s 90% APY staking program is a no-brainer for those looking to grow their holdings. Active since December 2, staking stabilises the ecosystem and offers hefty returns for long-term investors. Add in the referral programme, where top referrers earn 10% of purchases made through their codes, and you’ve got a recipe for community-driven growth. Want numbers? Let’s say you invest $3,000 at the current price of $0.000064. That nets you a whopping 46,875,000 $BTFD. When the coin lists at $0.0006, your holdings shoot up to $28,125—nearly 9x your initial investment. Not bad, right? Dogs (DOGS): An Old Favourite Among Meme Enthusiasts DOGS has been around for a while, serving as a beacon for meme coin lovers. Its charm lies in its community-focused approach, attracting crypto enthusiasts looking for a less conventional investment path. DOGS has firmly established itself as a top-tier meme coin, thanks to its playful branding and utility-focused updates. What makes DOGS special? Beyond its meme appeal, it’s carved out a niche in the charity space, often donating portions of its profits to animal welfare initiatives. As a long-term player in the meme coin market, DOGS maintains its relevance by staying true to its roots while consistently innovating. Though it’s a reliable choice for meme coin collectors, its price volatility mirrors the unpredictable nature of the meme coin market. While DOGS remains an iconic project, its community is its backbone, driving its value. Just a Chill Guy (CHILLGUY): A Breath of Fresh Air CHILLGUY offers a more relaxed take on the meme coin scene. With its chill vibe and steady growth, it appeals to crypto investors who want to keep things light. But don’t let its laid-back branding fool you—CHILLGUY is serious about creating value for its holders. Known for its transparent approach, CHILLGUY thrives on fostering trust within its community. Its staking rewards, though not as high as BTFD’s, still provide a passive income stream for those willing to hold. CHILLGUY has also dabbled in NFTs, adding another layer of utility to its ecosystem. While it doesn’t offer the adrenaline rush of a fast-paced presale, CHILLGUY remains a solid option for long-term meme coin enthusiasts. Lessons from 1973: Buy the Dip, Change the Game The 1973–74 financial crash taught us that crisis breeds opportunity. When the Bretton Woods system collapsed and OPEC’s oil embargo quadrupled prices, markets tanked nearly 50%. But amidst the chaos, investors like Warren Buffett thrived by identifying undervalued assets. Today, BTFD Coin embraces this ethos. Its name is a rallying cry, urging investors to act decisively when others hesitate. With its presale offering Stage 7 pricing in Stage 12, this is your chance to follow in Buffett’s footsteps—grab the dip before the next big run. How to Join the BTFD Movement Ready to get started? Here’s how: Go to the Presale Page . Connect Your Wallet: Choose MetaMask, Trust Wallet, or another compatible option. Enter the Bonus Code: Use code “BIG50” to unlock the Stage 7 price. Input Purchase Details: Specify how much $BTFD you want to buy. Confirm Your Transaction: Complete the purchase and watch your wallet grow. The Final Words: Why BTFD Coin is Your Best Bet Today When it comes to the best new meme coins to invest in for long term, BTFD Coin checks all the boxes. Its impressive presale performance, staking rewards, and P2E game position it as more than just a meme—it’s a movement. While DOGS and CHILLGUY are excellent options for collectors, BTFD stands out as the ultimate choice for investors seeking significant returns. Don’t wait—join the presale now and secure your spot before the bull run takes off. Because in the world of meme coins, timing is everything, and BTFD Coin is your ticket to the top. Find Out More: Website: https://www.btfd.io/ X/Twitter: https://x.com/BTFD_COIN Telegram: https://t.me/btfd_coin Related Items: Blockchain , BTFD Share Tweet Share Share Email Recommended for you Why Crypto Enthusiasts Are Scrambling to Grab These Top Five Digital Gems: Discover the Best Coins to Join This Month and Secure Your Slice of the Blockchain Revolution Before It’s Too Late! Best Cryptos to Join in December 2024: Why Qubetics, Ethereum, and Monero Are Essential for Building a Winning Portfolio Islamic FinTech: Adapting Financial Technology to Sharia Compliance Comments
Is Outlook down? Thousands of Microsoft 365 users report outage issues
NEW YORK (AP) — Thousands of Microsoft 365 customers worldwide reported having issues with services like Outlook and Teams on Monday. In social media posts and comments on platforms like outage tracker Downdetector, some impacted said that they were having trouble seeing their emails, loading calendars or opening other Microsoft 365 applications such as Powerpoint. acknowledged “an issue impacting users attempting to access Exchange Online or functionality within Microsoft Teams calendar” earlier in the day. In updates on X, the social media platform formerly known as Twitter, the company’s status page said it identified a “recent change” that it believed to be behind the problem — and was working to revert it. Microsoft shared that it was deploying a fix — which, as of shortly before noon E.T., it had reached about 98% of “affected environments.” Still, the company’s status page later , targeted restarts were “progressing slower than anticipated for the majority of affected users.” As of midday Monday, Downdetector showed thousands of outage reports from users of , particularly .NEW YORK (AP) — Federal investigators in New York are seeking records from the manufacturer of an AI-powered weapons scanner that was briefly deployed this summer in New York City’s subway system. The tech company, Evolv, revealed in a public filing that it “received a voluntary document request from the U.S. Attorney’s Office of the Southern District of New York” on Nov. 1. It was unclear what the request was seeking. The U.S. Attorney’s Office in Manhattan declined to comment on the request, which was first reported by the Daily News. In an emailed statement, a spokesperson for Evolv said the company was “pleased to cooperate with all government agencies and regulators who request information from our company.” The Massachusetts-based tech company, whose scanners have also been used at sports stadiums and schools, has faced allegations of misconduct. Last month, Evolv’s board of directors fired its chief executive following an internal investigation that found certain sales had been “subject to extra-contractual terms and conditions.” On Tuesday, the company announced it had resolved a previous probe launched by the Federal Trade Commission last year over allegations of deceptive marketing practices. The company is also under separate investigation by the Securities and Exchange Commission. Despite the legal and regulatory scrutiny, New York City Mayor Eric Adams announced a pilot program this summer to bring a handful of scanners to the city's subways to deter gun violence. The initiative drew immediate criticism from civil liberties groups who said the searches were unconstitutional, along with questions about its efficacy. In October, the city revealed the scanners did not detect any passengers with firearms — but falsely alerted more than 100 times. At the time, a spokesperson for the New York Police Department said it was still “evaluating the outcome of the pilot” and had not entered into any contract with Evolv.
SANTA ANA, Calif., Nov. 26, 2024 (GLOBE NEWSWIRE) -- NKGen Biotech, Inc. (Nasdaq: NKGN) (“NKGen” or the “Company”), today announced it received a notice (the “Notice”) on November 20, 2024 from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”) because it had not timely filed its Quarterly Report on Form 10-Q for the period ended September 30, 2024 (the “Form 10-Q”) with the Securities and Exchange Commission (the “SEC”) on or before November 19, 2024, the extended period provided for the filing under Rule 12b-25(b) of the Securities Exchange Act of 1934, as amended. The delay is in part due to the additional time required for valuation and review of various derivative securities as the Company has taken on more reporting responsibility internally. The Notice from Nasdaq has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Global Market. The Company is actively working with its auditors and advisors and intends to file the Form 10-Q as promptly as possible. On November 20, 2024, subsequent to the Company’s receipt of the Notice, the Company received a letter from Nasdaq (the “Decision Letter”) granting a temporary exception to the Rule and the minimum market value of listed securities requirement in Nasdaq Listing Rule 5450(b)(2)(A) (the “MVLS Rule”) until January 7, 2025. The Seoul Bankruptcy Court (the “Court”) is expected to announce its decision on the rehabilitation of NKMax Co. Ltd (“NKMax”) and the Company’s proposal to acquire a majority interest in NKMax on or before such date. In accordance with the Decision Letter, the Company must advise the Nasdaq Hearings Panel (the “Panel”) of the outcome of the Court’s decision. If the Company is successful in its bid to acquire a majority interest in NKMax, the Company must advise the Panel no later than January 7, 2025, on its plan for regaining compliance with the Rule and MVLS Rule, for the Panel’s further consideration. The Company may request that the Nasdaq Listing and Hearing Review Council (the “Council”) review the Panel’s determination in the Decision Letter, by written request received by the Council by December 5, 2024. In such event, the Company would be required to submit a fee of $15,000.00 to Nasdaq to cover the cost of the review. The Council may determine to review any Panel decision by January 4, 2025. The Company does not intend to appeal the Decision Letter at this time and intends to deliver an updated plan of compliance to the Panel no later than January 7, 2025. For additional information regarding the Nasdaq notifications and related terms, please see the Current Report on Form 8-K the Company filed with the SEC on November 26, 2024, which is available at sec.gov . Forward-Looking Statements Statements contained in this press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “could”, “continue”, “expect”, “estimate”, “may”, “plan”, “outlook”, “future” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Because such statements are subject to risks and uncertainties, many of which are outside of the Company’s control, actual results may differ materially from those expressed or implied by such forward-looking statements. Such statements include, but are not limited to, statements regarding the Company’s plans and expected timing for developing SNK01, including the expected timing of completing and announcing further results from its ongoing clinical studies; and the Company’s expected timing for developing its product candidates and potential benefits of its product candidates. Risks that contribute to the uncertain nature of the forward-looking statements include: the Company’s ability to execute its plans and strategies; risks related to performing clinical studies; the risk that initial and interim results of a clinical study do not necessarily predict final results and that one or more of the clinical outcomes may materially change as patient enrollment continues, following more comprehensive reviews of the data, and as more patient data become available; potential delays in the commencement, enrollment and completion of clinical studies and the reporting of data therefrom; the risk that studies will not be completed as planned; the risk that the abstract will not be published as planned including delays in timing, format, or accessibility; and NKGen’s ability to raise additional funding to complete the development of its product candidates. These and other risks and uncertainties are described more fully under the caption “Risk Factors” and elsewhere in the Company’s filings and reports, which may be accessed for free by visiting the Securities and Exchange Commission’s website at www.sec.gov and on the Company’s website under the subheading “Investors—Financial and Filings”. Investors should take such risks into account and should not rely on forward-looking statements when making investment decisions. All forward-looking statements contained in this press release speak only as of the date on which they were made. The Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as required by law. Internal Contact: Denise Chua, MBA, CLS, MT (ASCP) SVP Corporate Affairs 949-396-6830 dchua@nkgenbiotech.com External Contacts: Chris Calabrese Managing Director LifeSci Advisors, LLC ccalabrese@lifesciadvisors.com Kevin Gardner Managing Director LifeSci Advisors, LLC kgardner@lifesciadvisors.com
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