bmy88 login password free
A large study found that greater exposure to long-term air pollution was linked with increased risks for blood clots that can occur in deep veins, which, if untreated, can block blood flow and cause serious complications, even death. These findings came from a longitudinal study funded by the National Institutes of Health (NIH) that included 6,651 U.S. adults who were followed for an average of 17 years between 2000 and 2018. Participants lived in or near one of six major metropolitan areas: New York, Baltimore, Chicago, Los Angeles, Minneapolis, and Winston-Salem, North Carolina. Throughout the study, 248 adults, 3.7% of the study sample, developed blood clots in deep veins that required hospital care. The likelihood of this outcome was linked to anywhere from a 39% to a more than two-fold increased risk based on long-term exposure to three different types of air pollutants. Blood clots in deep veins, collectively known as venous thromboembolism (VTE), include deep vein thrombosis, which occurs when a blood clot forms in a deep vein of the legs, arms, or an internal organ, and pulmonary embolism, which occurs when a blood clot breaks off from a deep vein and travels to the lungs. Exposure to air pollution, which can set the stage for inflammation and contribute to blood clotting, has long been associated with cardiovascular and respiratory diseases. While previous research has also suggested a link to VTE, this is the largest, most comprehensive U.S. study to report that association with three different types of air pollutants. This included exposure to tiny air pollution particles equal to or less than 2.5 micrometers(link is external), which can be inhaled from a variety of sources, including smoke from coal-burning power plants, forest fires, and motor vehicle exhaust. Participants with greater overall exposure to this type of air pollution had a 39% increased associated risk for VTE compared to people exposed to lower levels. People with increased exposure to oxides of nitrogen(link is external) and nitrogen dioxide(link is external), pollutants most often found from vehicle exhaust, had a respective 121% to 174% increased risk. To reach these findings, the researchers analyzed the relationship between patients hospitalized for VTE and levels of air pollution collected through extensive biweekly community-level monitoring — including samples taken from the homes of participants. They then compared those with the highest exposure levels — the top 75% — to those with the lowest exposure — the bottom 25%. They also conducted multiple analyses to control for variables associated with VTE, such as age, exposure to tobacco, and underlying respiratory and other health conditions. VTE affects up to 900,000 Americans(link is external) each year. Many cases occur after surgery, but other factors, including age, long periods of inactivity, heart disease, pregnancy, and genetics, can increase risks. Healthcare-associated VTEBest Tech Books to Gift this Holiday SeasonFed's Powell: US economy is envy of the world, I'm going to do everything to keep it there US November ISM services 52.1 vs 55.5 expected US November ADP employment +146K vs +150K expected ECB's Lagarde: Inflation expected to temporarily rise in Q4 and decline next year Beige Book: Fed districts deport slight growth, rising business optimism for 2025 US October factory orders +0.2% vs +0.2% expected Fed's Musalem: Time may be approaching to slow or pause rate cuts Fed's Barkin: I'm encouraged by where inflation is headed French government loses no-confidence vote French President Macron aims to name new Prime Minister swiftly if government falls ECB's Nagel: I favor a gradual, cautious approach to rate cuts ECB's Makhlouf: Asked about 50 bps cut, says he prefers to move cautiously EIA weekly crude oil inventories -5073K vs -671K expected US November S&P Global final services PMI 56.1 vs 57.0 prelim Canada November S&P Global Services PMI 51.2 vs 50.4 prior Canada Q3 labour productivity -0.4% vs -0.2% prior OPEC+ might extend cuts to six months but cuts won't be deeper - report Markets: Gold up $6 to $2649 US 10-year yields down 4 bps to 4.18% WTI crude down $1.05 to $68.88 GBP leads, AUD lags S&P 500 up 0.6% to fresh record There were a series of crosscurrents in markets today and it was a busy day of news. In terms of data, the ISM services number was softer and it weighed on the US dollar broadly. That helped to boost the euro to a session high of 1.0544 and the pound to 1.2721. Those gains faded in part because Powell struck a more-hawkish tone, while the French political news had little effect. However the dollar bounce ran against the mode in other markets as Treasury yields started the day high and sagged, with 10s falling 10 bps intraday. US stocks were also bid but that didn't lend much support for AUD, which as beaten up in Asian trading. Eyes are on OPEC+ ahead of tomorrow's meeting but the market is clearly worried as crude fell $1 in US trading. Crack spreads have weakened and that was one factor that was cited. USD/JPY rebounded after six days of declines and climbed as high as 151.22 but was mostly tracking down in US trade and fell to 150.00 before bouncing from the big figure to 150.64. Powell may have helped firm up that intraday bottom and the Beige Book was slightly better than the prior edition and highlighted post-election optimism. The crypto market was choppy with some large outperformance in the alt-coins that was later joined by bitcoin as it has another look at $100,000. The nominated SEC commissioner is friendly towards the industry and that likely helped late-day BTC bids.
SA News Don't miss out on the headlines from SA News. Followed categories will be added to My News. Row erupts over taxpayer funded spin doctor An official new chief spin doctor’s taxpayer-funded salary will be cut by more than $100,000 after the Premier admitted it failed the “pub test”. The Department of Premier and Cabinet had promoted a Government Advertising and Insights Hub executive director job with an annual pay band of between $257,462 and $429,104 . But after a fierce public backlash, Peter Malinauskas intervened, forcing his department chief Damien Walker – the state’s highest paid public servant – to scrap the job advert. DPC will readvertise a “far more reasonable” annual salary less than $300,000, he said. The Premier, who said his government was cutting “spin doctor” numbers, told FIVEaa Radio on Wednesday: “What’s stunned I think me is the prospect this person could get paid over 400 grand a year. Does it pass the pub test? No. That’s why it’s not going to happen.” Multiple rows later erupted as the opposition kept questioning and the premier rejected Liberal calls for a Joint Parliamentary Committee to oversee advertising spending. The Premier, who said the marketer would “never” earn almost as much as his $436,000 salary, told MPs DPC hired an executive on the same pay band under the Liberal government that “wasn’t an open selection process”. “The difference between then and now, apart from that band being less if you adjust for inflation, is, of course ... it wasn’t a merit-based appointment,” he told parliament. Taxpayers spend up to $40m a-year on advertising but that has been cut in 2024 by $7.9m. Opposition Leader Vincent Tarzia said on Wedneaday night: “For the Premier to back pedal and say the salary will be reduced is telling.” He said during a cost of living crisis, and record ramping levels, Labor was “more focussed on spin”. The premier said he was not aware of the salary or involved in job hiring. Mr Malinauskas told FIVEAA on Wednesday morning the salary range on the ad was not accurate, and that it would be withdrawn and replaced with a one that’s “far more reasonable.” When pressed, he said it would be under $300,000 and “more likely in the mid 200s”. The Premier told parliament on Tuesday that the government was working on a new, centralised PR unit, and that the position would be heading up the department. “We are consolidating and actually reducing the number of people that are characterised as spin doctors across government to realise a whole of government saving,” Mr Malinauskas said. He said the high reported salary “fundamentally” didn’t pass the pub test. A political row erupted over the job after the opposition criticised it as “tone deaf” during a cost of living crisis. Mr Malinauskas, who the Liberals dubbed “Mali from marketing”, said a new centralised unit was reasonable and responsible public spending after an internal review recommended the changes. Industry sources said a similar private sector job pays $180,000, meaning the proposed city-based public service bureaucrat, for a yet to be launched advertising unit, would earn a higher remuneration than chief executives of several public service agencies. Records show taxpayers paid $52,170 to BDO Services to review hub plans before its launch in early 2025. Outgoing DPC chief executive Damien Walker, whose department will manage the unit, earns $760,035. Recreation and Sport chief executive Kylie Taylor earns $298,486, SA Productivity Commission boss Steve Whetton earns $343,489 and Premier’s Delivery Unit head Rik Morris is paid $386,173. More Coverage Mali challenges Albo and Dutton over social media age ban Paul Starick ‘Mali from marketing’: Row erupts over taxpayer funded chief spin doctor Andrew Hough Originally published as Peter Malinauskas says advertised spin doctor salary incorrect and ‘doesn’t pass the pub test’ Join the conversation Add your comment to this story To join the conversation, please log in. Don't have an account? Register Join the conversation, you are commenting as Logout More related stories SA News Men charged after terrifying armed robbery at IGA supermarket A duo who allegedly robbed an IGA supermarket while brandishing what appeared to be a firearm have been arrested and will face court today. Read more SA News Don’t stop the music: Parents’ plea after NDIS funding cut Music therapy gave four-year-old Arlo a voice but NDIS funding changes mean he will no longer have access to the life-changing therapy. Read more
Titans return to QB Mason Rudolph after 3-INT performanceQB Daniel Jones disagrees with the Giants' decision to bench him and says he wants to play
2 rescued after California pier partially collapses due to heavy surf from major Pacific stormMickey, Minnie, Goofy and Wemby
HOUSTON, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Epsilon Energy Ltd. (“Epsilon” or the “Company”) (NASDAQ: EPSN) today announced that its Board of Directors has declared a dividend of $0.0625 per share of common stock (annualized $0.25/sh) to the stock holders of record at the close of business on December 16, 2024, payable on December 31, 2024. All dividends paid by the Company are “eligible dividends” as defined in subsection 89(1) of the Income Tax Act (Canada), unless indicated otherwise. About Epsilon Epsilon Energy Ltd. is a North American onshore natural gas and oil production and gathering company with assets in Pennsylvania, Texas, Alberta, New Mexico, and Oklahoma. Contact Information: 281-670-0002 Jason Stabell Chief Executive Officer Jason.Stabell@EpsilonEnergyLTD.com Andrew Williamson Chief Financial Officer Andrew.Williamson@EpsilonEnergyLTD.comUNITY TOWNSHIP, Pa. — The team looking for a missing Pennsylvania woman believed to have fallen into a sinkhole has determined that an abandoned coal mine is too unstable for people to safely search underground, authorities said Wednesday while still expressing hope Elizabeth Pollard will be found alive. Rescue workers continue to search for Elizabeth Pollard, who is believed to have disappeared in a sinkhole while looking for her cat, Wednesday in Marguerite, Pa. Emergency crews and others have been trying to find Pollard, 64, for two days. Her relatives reported her missing early Tuesday and her vehicle with her unharmed 5-year-old granddaughter inside was found about two hours later, near what is thought to be a freshly opened sinkhole above the long closed, crumbling mine. Authorities said in a noon update that the roof of the mine collapsed in several places and is not stable. The sinkhole is in the village of Marguerite, about 40 miles east of Pittsburgh. “We did get, you know, where we wanted, where we thought that she was at. We’ve been to that spot," said Pleasant Unity Fire Chief John Bacha, the incident's operations officer. “What happened at that point, I don’t know, maybe the slurry of mud pushed her one direction. There were several different seams of that mine, shafts that all came together where this happened at.” Trooper Cliff Greenfield said crews were still actively searching for Pollard. “We are hopeful that she’s found alive,” Greenfield said. Searchers were using electronic devices and cameras as surface digging continued with the use of heavy equipment, Bacha said. Search dogs may also be used. Rescue workers search through the night in a sinkhole for Elizabeth Pollard, who disappeared while looking for her cat, Tuesday in Marguerite, Pa. On Wednesday afternoon, machinery was removing material from the area around the hole while police and other government vehicles blocked a clear view of the scene. Sinkholes occur in the area because of subsidence from coal mining activity. Rescuers had been using water to break down and remove clay and dirt from the mine, which has been closed since the 1950s, but that increased the risk “for potential other mine subsidence to take place," Pennsylvania State Police spokesperson Trooper Steve Limani said. Crews lowered a pole camera with a sensitive listening device into the hole, but it detected nothing. Another camera lowered into the hole showed what could be a shoe about 30 feet below the surface, Limani said. Searchers have also deployed drones and thermal imaging equipment, to no avail. Marguerite Fire Chief Scot Graham, the incident commander, said access to the immediate area surrounding the hole was being tightly controlled and monitored, with rescuers attached by harness. The top of a sinkhole is seen Tuesday in the village of Marguerite, Pa., where rescuers searched for a woman who disappeared. “We cannot judge as to what’s going on underneath us. Again, you had a small hole on top but as soon as you stuck a camera down through to look, you had this big void,” Graham said. “And it was all different depths. The process is long, is tedious. We have to make sure that we are keeping safety in the forefront as well as the rescue effort.” Bacha said they were “hoping that there’s a void that she could still be in.” Pollard's family called police at about 1 a.m. Tuesday to say she had not been seen since going out at about 5 p.m. Monday to search for Pepper, her cat. The temperature dropped well below freezing that night. Her son, Axel Hayes, said Pollard is a happy woman who likes going out to have fun. She and her husband adopted Hayes and his twin brother when they were infants. Hayes called Pollard “a great person overall, a great mother” who “never really did anybody wrong.” He said at one point Pollard had about 10 cats. “Every cat that she’s ever come in contact with, she has a close bond with them,” Hayes said. His mother worked for many years at Walmart but recently was not employed, he said. “I’m just hoping right now that she’s still with us and she’s able to come back to us,” he said. Police said they found Pollard's car parked behind Monday's Union Restaurant in Marguerite, about 20 feet from the sinkhole. Hunters and restaurant workers in the area said they had not noticed the manhole-size opening in the hours before Pollard disappeared, leading rescuers to speculate that the sinkhole was new. “It almost feels like it opened up with her standing on top of it,” Limani said. Searchers accessed the mine late Tuesday afternoon and dug a separate entrance out of concern that the ground around the sinkhole opening was not stable. “Let’s be honest, we need to get a little bit lucky, right?” Limani said Wednesday. “We need a little bit of luck on our side. We need a little bit of God’s good blessing on our side.” Pollard lives in a small neighborhood across the street from where her car and granddaughter were located, Limani said. The young girl “nodded off in the car and woke up. Grandma never came back," Limani said. The child stayed in the car until two troopers rescued her. It's not clear what happened to Pepper. In an era of rapid technological advancement and environmental change, American agriculture is undergoing a revolution that reaches far beyond the farm gate. From the food on consumer plates to the economic health of rural communities, the transformation of U.S. farming practices is reshaping the nation's landscape in ways both visible and hidden. LandTrust explores how these changes impact everyone, whether they live in the heartland or the heart of the city. The image of the small family farm, while still a reality for many, is increasingly giving way to larger, more technologically advanced operations. According to the USDA, the number of farms in the U.S. has fallen from 6.8 million in 1935 to about 2 million today, with the average farm size growing from 155 acres to 444 acres. This shift has profound implications for rural communities and the food system as a whole. Despite these changes, diversity in farming practices is on the rise. A landmark study published in Science , involving data from over 2,000 farms across 11 countries, found that diversifying farmland simultaneously delivers environmental and social benefits. This challenges the longstanding idea that practices boosting biodiversity must come at a cost to yields and food security. The adoption of precision agriculture technologies is transforming how farmers manage their land and resources. GPS-guided tractors, drone surveillance, and AI-powered crop management systems are becoming commonplace on many farms. These technologies allow farmers to apply water, fertilizers, and pesticides with pinpoint accuracy, reducing waste and environmental impact while improving yields. However, the digital divide remains a challenge. More than 22% of rural communities lack reliable broadband internet access, hindering the widespread implementation of AI and other advanced technologies in agriculture. While technology offers new opportunities, farmers are also facing significant economic challenges. The USDA's 2024 farm income forecast projects a 4.4% decline in net farm income from 2023, following a sharp 19.5% drop from 2022 to 2023. This financial pressure is compounded by rising production costs and market volatility. Climate variability adds another layer of complexity. Extreme weather events, changing precipitation patterns, and shifting growing seasons are forcing farmers to adapt quickly. These factors could reduce agricultural productivity by up to 25% over the coming decades without significant adaptation measures. But adapting requires additional financial resources, further straining farm profitability. In the face of these challenges, many farmers are turning to diversification as a strategy for resilience and profitability. The Science study mentioned earlier found that farms integrating several diversification methods supported more biodiversity while seeing simultaneous increases in human well-being and food security. Agritourism is one popular diversification strategy. In 2022, 28,600 U.S. farms reported agritourism income, averaging gross revenue of $44,000 from these activities. Activities like farm tours, pick-your-own operations, and seasonal festivals not only provide additional income but also foster a deeper connection between consumers and agriculture. The changing face of agriculture is directly impacting consumers. The rise of farm-to-table and local food movements reflects a growing interest in where our food comes from and how it's produced. If every U.S. household spent just $10 per week on locally grown food, it would generate billions of dollars for local economies. However, the larger challenges in agriculture can also lead to price fluctuations at the grocery store. The USDA's Economic Research Service projects that food-at-home prices will increase between 1.2% and 2.2% in 2024. Looking ahead, several innovations are poised to reshape agriculture: The transformation of American agriculture affects everyone, from the food we eat to the health of our environment and rural communities. Consumers have the power to support sustainable and diverse farming practices through our purchasing decisions. As citizens, they can advocate for policies that support farmers in adopting innovative and sustainable practices. The challenges facing agriculture are complex, but they also present opportunities for innovation and positive change. By understanding and engaging with these issues, everyone can play a part in shaping a more resilient, sustainable, and equitable food system for the future. This story was produced by LandTrust and reviewed and distributed by Stacker. Get local news delivered to your inbox!
PALO ALTO, Calif., Nov. 26, 2024 (GLOBE NEWSWIRE) -- HP (NYSE: HPQ) Fiscal 2024 GAAP diluted net earnings per share ("EPS") of $2.81, above the previously provided outlook of $2.62 to $2.72 per share Fiscal 2024 non-GAAP diluted net EPS of $3.38, within the previously provided outlook of $3.35 to $3.45 per share Fiscal 2024 net revenue of $53.6 billion, down 0.3% from the prior-year period Fiscal 2024 net cash provided by operating activities of $3.7 billion, free cash flow of $3.3 billion Fiscal 2024 returned $3.2 billion to shareholders in the form of share repurchases and dividends Fourth quarter GAAP diluted net EPS of $0.93, above the previously provided outlook of $0.74 to $0.84 per share Fourth quarter non-GAAP diluted net EPS of $0.93, within the previously provided outlook of $0.89 to $0.99 per share Fourth quarter net revenue of $14.1 billion, up 1.7% from the prior-year period Fourth quarter net cash provided by operating activities of $1.6 billion, free cash flow of $1.5 billion Fourth quarter returned $1.2 billion to shareholders in the form of share repurchases and dividends HP Inc. announces dividend increase of 5% Notes to table Information about HP Inc.'s use of non-GAAP financial information is provided under "Use of non-GAAP financial information" below. Net revenue and EPS results HP Inc. and its subsidiaries (“HP”) announced fiscal 2024 net revenue of $53.6 billion, down 0.3% (down 0.2% in constant currency) from the prior-year period. Fiscal 2024 GAAP diluted net EPS was $2.81, down from $3.26 in the prior-year and above the previously provided outlook of $2.62 to $2.72. Fiscal 2024 non-GAAP diluted net EPS was $3.38, up from $3.28 in the prior-year period and within the previously provided outlook of $3.35 to $3.45. Fiscal 2024 non-GAAP net earnings and non-GAAP diluted net EPS exclude after-tax adjustments of $564 million, or $0.57 per diluted share, related to restructuring and other charges, acquisition and divestiture charges, amortization of intangible assets, debt extinguishment costs, non-operating retirement-related credits, tax adjustments, and the related tax impact on these items. Fourth quarter net revenue was $14.1 billion, up 1.7% (up 2.3% in constant currency) from the prior-year period. Fourth quarter GAAP diluted net EPS was $0.93, down from $0.97 in the prior-year period and above the previously provided outlook of $0.74 to $0.84. Fourth quarter non-GAAP diluted net EPS was $0.93, up from $0.90 in the prior-year period and within the previously provided outlook of $0.89 to $0.99. Fourth quarter non-GAAP net earnings and non-GAAP diluted net EPS excludes after-tax adjustments of $6 million, or nil per diluted share, related to restructuring and other charges, acquisition and divestiture charges, amortization of intangible assets, debt extinguishment costs, non-operating retirement-related credits, tax adjustments, and the related tax impact on these items. “We are pleased with our Q4 performance where we saw revenue growth for the second consecutive quarter, driven by steady progress in Personal Systems and Print,” said Enrique Lores, HP President and CEO. “With momentum heading into FY25, we are well-positioned to capitalize on the commercial opportunity and lead the future of work.” “In FY24 we drove non-GAAP EPS and free cash flow growth which allowed us to return approximately $3.2 billion to shareholders,” said Karen Parkhill, HP CFO. “As we look ahead, we are well positioned to deliver solid growth across revenue, non-GAAP net earnings, EPS and free cash flow in FY25. And given our confidence in the future, we are raising our annual dividend by 5 percent.” Asset management HP generated $3.7 billion in net cash provided by operating activities and $3.3 billion of free cash flow in fiscal 2024. Free cash flow includes net cash provided by operating activities of $3.7 billion adjusted for net investments in leases from integrated financing of $165 million and net investments in property, plant and equipment of $592 million. HP utilized $2.1 billion of cash during fiscal 2024 to repurchase approximately 62.7 million shares of common stock in the open market. When combined with the $1.1 billion of cash used to pay dividends, HP returned 96% of its free cash flow to shareholders in fiscal 2024. HP's net cash provided by operating activities in the fourth quarter of fiscal 2024 was $1.6 billion. Accounts receivable ended the quarter at $5.1 billion, up 2 days quarter over quarter at 33 days. Inventory ended the quarter at $7.7 billion, down 4 days quarter over quarter to 63 days. Accounts payable ended the quarter at $16.9 billion, up 7 days quarter over quarter to 138 days. HP generated $1.5 billion of free cash flow in the fourth quarter. Free cash flow includes net cash provided by operating activities of $1.6 billion adjusted for net investments in leases from integrated financing of $42 million and net investments in property, plant and equipment of $153 million. HP’s dividend payment of $0.2756 per share in the fourth quarter resulted in cash usage of $263 million. HP also utilized $900 million of cash during the quarter to repurchase approximately 25.4 million shares of common stock in the open market. HP exited the quarter with $3.3 billion in gross cash, which includes cash, cash equivalents and restricted cash and short-term investments of $3 million included in other current assets. Cash, cash equivalents and restricted cash includes $15 million of restricted cash related to amounts collected and held on behalf of a third party for trade receivables previously sold. The HP board of directors has declared a quarterly cash dividend of $0.2894 per share on the company’s common stock, payable on January 2, 2025 to stockholders of record as of the close of business on December 11, 2024. This is the first dividend of HP's 2025 fiscal year and represents an increase of 5% from the prior dividend. Fiscal 2024 fourth quarter segment results Personal Systems net revenue was $9.6 billion, up 2% year over year (up 3% in constant currency) with a 5.7% operating margin. Consumer PS net revenue was down 4% and Commercial PS net revenue was up 5%. Total units were up 1% with Consumer PS units down 3% and Commercial PS units up 4%. Printing net revenue was $4.5 billion, up 1% year over year (up 2% in constant currency) with a 19.6% operating margin. Consumer Printing net revenue was up 3% and Commercial Printing net revenue was down 1%. Supplies net revenue was up 2% (up 3% in constant currency). Total hardware units were up 9.5%, with Consumer Printing units up 10% and Commercial Printing units up 9%. Outlook For the fiscal 2025 first quarter, HP estimates GAAP diluted net EPS to be in the range of $0.57 to $0.63 and non-GAAP diluted net EPS to be in the range of $0.70 to $0.76. Fiscal 2025 first quarter non-GAAP diluted net EPS estimates exclude $0.13 per diluted share, primarily related to restructuring and other charges, acquisition and divestiture charges, amortization of intangible assets, non-operating retirement-related credits, tax adjustments, and the related tax impact on these items. For fiscal 2025, HP estimates GAAP diluted net EPS to be in the range of $3.06 to $3.36 and non-GAAP diluted net EPS to be in the range of $3.45 to $3.75. Fiscal 2025 non-GAAP diluted net EPS estimates exclude $0.39 per diluted share, primarily related to restructuring and other charges, acquisition and divestiture charges, amortization of intangible assets, non-operating retirement-related credits, tax adjustments, and the related tax impact on these items. For fiscal 2025, HP anticipates generating free cash flow in the range of $3.2 to $3.6 billion. More information on HP's earnings, including additional financial analysis and an earnings overview presentation, is available on HP's Investor Relations website at investor.hp.com . HP's FY24 Q4 earnings conference call is accessible via audio webcast at www.hp.com/investor/2024Q4Webcast . About HP Inc. HP Inc. (NYSE: HPQ) is a global technology leader and creator of solutions that enable people to bring their ideas to life and connect to the things that matter most. Operating in more than 170 countries, HP delivers a wide range of innovative and sustainable devices, services and subscriptions for personal computing, printing, 3D printing, hybrid work, gaming, and more. For more information, please visit http://www.hp.com . Use of non-GAAP financial information To supplement HP’s consolidated condensed financial statements presented on a generally accepted accounting principles (“GAAP”) basis, HP provides net revenue on a constant currency basis, non-GAAP total operating expense, non-GAAP operating profit, non-GAAP operating margin, non-GAAP other income and expenses, non-GAAP tax rate, non-GAAP net earnings, non-GAAP diluted net EPS, free cash flow, gross cash and net cash (debt) financial measures. HP also provides forecasts of non-GAAP diluted net EPS and free cash flow. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the tables below or elsewhere in the materials accompanying this news release. In addition, an explanation of the ways in which HP’s management uses these non-GAAP measures to evaluate its business, the substance behind HP’s decision to use these non-GAAP measures, the material limitations associated with the use of these non-GAAP measures, the manner in which HP’s management compensates for those limitations, and the substantive reasons why HP’s management believes that these non-GAAP measures provide useful information to investors is included under “Use of non-GAAP financial measures” after the tables below. This additional non-GAAP financial information is not meant to be considered in isolation or as a substitute for net revenue, operating expense, operating profit, operating margin, other income and expenses, tax rate, net earnings, diluted net EPS, cash provided by operating activities or cash, cash equivalents, and restricted cash prepared in accordance with GAAP. Forward-looking statements This document contains forward-looking statements based on current expectations and assumptions that involve risks and uncertainties. If the risks or uncertainties ever materialize or the assumptions prove incorrect, they could affect the business and results of operations of HP Inc. and its consolidated subsidiaries which may differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including, but not limited to, projections of net revenue, margins, expenses, effective tax rates, net earnings, net earnings per share, cash flows, benefit plan funding, deferred taxes, share repurchases, foreign currency exchange rates or other financial items; any projections of the amount, timing or impact of cost savings or restructuring and other charges, planned structural cost reductions and productivity initiatives; any statements of the plans, strategies and objectives of management for future operations, including, but not limited to, our business model and transformation, our sustainability goals, our go-to-market strategy, the execution of restructuring plans and any resulting cost savings (including the fiscal 2023 plan), net revenue or profitability improvements or other financial impacts; any statements concerning the expected development, demand, performance, market share or competitive performance relating to products or services; any statements concerning potential supply constraints, component shortages, manufacturing disruptions or logistics challenges; any statements regarding current or future macroeconomic trends or events and the impact of those trends and events on HP and its financial performance; any statements regarding pending investigations, claims, disputes or other litigation matters; any statements of expectation or belief as to the timing and expected benefits of acquisitions and other business combination and investment transactions; and any statements of assumptions underlying any of the foregoing. Forward-looking statements can also generally be identified by words such as “future,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “will,” “would,” “could,” “can,” “may,” and similar terms. Risks, uncertainties and assumptions that could affect our business and results of operations include factors relating to HP’s ability to execute on its strategic plans, including the previously announced initiatives, business model changes and transformation; the development and transition of new products and services and the enhancement of existing products and services to meet evolving customer needs and respond to emerging technological trends, including artificial intelligence; the use of artificial intelligence; the impact of macroeconomic and geopolitical trends, changes and events, including the ongoing military conflicts in Ukraine and the Middle East or tensions in the Taiwan Strait and South China Sea and the regional and global ramifications of these events; volatility in global capital markets and foreign currency, increases in benchmark interest rates, the effects of inflation and instability of financial institutions; risks associated with HP’s international operations and the effects of business disruption events, including those resulting from climate change; the need to manage (and reliance on) third-party suppliers, including with respect to supply constraints and component shortages, and the need to manage HP’s global, multi-tier distribution network and potential misuse of pricing programs by HP’s channel partners, adapt to new or changing marketplaces and effectively deliver HP’s services; the execution and performance of contracts by HP and its suppliers, customers, clients and partners, including logistical challenges with respect to such execution and performance; the competitive pressures faced by HP’s businesses; the impact of third-party claims of IP infringement; successfully innovating, developing and executing HP’s go-to-market strategy, including online, omnichannel and contractual sales, in an evolving distribution, reseller and customer landscape; successfully competing and maintaining the value proposition of HP’s products, including supplies and services; challenges to HP’s ability to accurately forecast inventories, demand and pricing, which may be due to HP’s multi-tiered channel, sales of HP’s products to unauthorized resellers or unauthorized resale of HP’s products or our uneven sales cycle; the hiring and retention of key employees; the results of our restructuring plans (including the fiscal 2023 plan), including estimates and assumptions related to the cost (including any possible disruption of HP’s business) and the anticipated benefits of our restructuring plans; the protection of HP’s intellectual property assets, including intellectual property licensed from third parties; disruptions in operations from system security risks, data protection breaches, or cyberattacks; HP’s ability to maintain its credit rating, satisfy its debt obligations and complete any contemplated share repurchases, other capital return programs or other strategic transactions; changes in estimates and assumptions HP makes in connection with the preparation of its financial statements; the impact of changes to federal, state, local and foreign laws and regulations, including environmental regulations and tax laws; integration and other risks associated with business combination and investment transactions; our aspirations related to environmental, social and governance matters; potential impacts, liabilities and costs from pending or potential investigations, claims and disputes; the effectiveness of our internal control over financial reporting; and other risks that are described in HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2023 and HP’s other filings with the Securities and Exchange Commission ("SEC"). HP’s fiscal 2023 plan includes HP's efforts to take advantage of future growth opportunities, including but not limited to, investments to drive growth, investments in our people, improving product mix, driving structural cost savings and other productivity measures. Structural cost savings represent gross reductions in costs driven by operational efficiency, digital transformation, and portfolio optimization. These initiatives include but are not limited to workforce reductions, platform simplification, programs consolidation and productivity measures undertaken by HP, which HP expects to be sustainable in the longer-term. These structural cost savings are net of any new recurring costs resulting from these initiatives and exclude one-time investments to generate such savings. HP’s expectations on the longer-term sustainability of such structural cost savings are based on its current business operations and market dynamics and could be significantly impacted by various factors, including but not limited to HP’s evolving business models, future investment decisions, market environment and technology landscape. As in prior periods, the financial information set forth in this document, including any tax-related items, reflects estimates based on information available at this time. While HP believes these estimates to be reasonable, these amounts could differ materially from reported amounts in HP’s Annual Report on Form 10-K for the fiscal years ending October 31, 2024 and October 31, 2025, Quarterly Report on Form 10-Q for the fiscal quarter ending January 31, 2025, and HP’s other filings with the SEC. The forward-looking statements in this document are made as of the date of this document and HP assumes no obligation and does not intend to update these forward-looking statements. HP’s Investor Relations website at investor.hp.com contains a significant amount of information about HP, including financial and other information for investors. HP encourages investors to visit its website from time to time, as information is updated, and new information is posted. The content of HP’s website is not incorporated by reference into this document or in any other report or document HP files with the SEC, and any references to HP’s website are intended to be inactive textual references only. Editorial contacts HP Inc. Media Relations MediaRelations@hp.com HP Inc. Investor Relations InvestorRelations@hp.com Use of non-GAAP financial measures To supplement HP’s consolidated condensed financial statements presented on a GAAP basis, HP provides net revenue on a constant currency basis, non-GAAP total operating expense, non-GAAP operating profit, non-GAAP operating margin, non-GAAP other income and expenses, non-GAAP tax rate, non-GAAP net earnings, non-GAAP diluted net EPS, free cash flow, gross cash and net cash (debt). HP also provides forecasts of non-GAAP diluted net EPS and free cash flow. These non-GAAP financial measures are not computed in accordance with, or as an alternative to, GAAP in the United States. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the tables above or elsewhere in the materials accompanying this news release. Use and economic substance of non-GAAP financial measures Net revenue on a constant currency basis excludes the effect of foreign currency exchange fluctuations calculated by translating current period revenues using monthly exchange rates from the comparative period and excluding any hedging impact recognized in the current period. Non-GAAP operating margin is defined to exclude the effects of any amounts relating to restructuring and other charges, acquisition and divestiture charges, amortization of intangible assets. Non-GAAP net earnings and non-GAAP diluted net EPS consist of net earnings or diluted net EPS excluding those same charges, non-operating retirement related (credits)/charges, debt extinguishment costs (benefit), tax adjustments and the amount of additional taxes or tax benefits associated with each non-GAAP item. HP’s management uses these non-GAAP financial measures for purposes of evaluating HP’s historical and prospective financial performance, as well as HP’s performance relative to its competitors. HP’s management also uses these non-GAAP measures to further its own understanding of HP’s segment operating performance. HP believes that excluding the items mentioned above for these non-GAAP financial measures allows HP’s management to better understand HP’s consolidated financial performance in relation to the operating results of HP’s segments, as HP’s management does not believe that the excluded items are reflective of ongoing operating results. More specifically, HP’s management excludes each of those items mentioned above for the following reasons: Restructuring and other charges are (i) costs associated with a formal restructuring plan and are primarily related to employee separation from service and early retirement costs and related benefits, costs of real estate consolidation and other non-labor charges; and (ii) other charges, which includes non-recurring costs including those as a result of information technology rationalization efforts and transformation program management and are distinct from ongoing operational costs. HP excludes these restructuring and other charges (and any reversals of charges recorded in prior periods) for purposes of calculating these non-GAAP measures because HP believes that these costs do not reflect expected future operating expenses and do not contribute to a meaningful evaluation of HP's current operating performance or comparisons to operating performance in other periods. HP incurs cost related to its acquisitions and divestitures, which it would not have otherwise incurred as part of its operations. The charges are direct expenses such as third-party professional and legal fees, integration and divestiture-related costs, as well as non-cash adjustments to the fair value of certain acquired assets such as inventory and certain compensation charges related to cash settlement of restricted stock units and performance-based restricted stock units towards acquisitions. These charges related to acquisitions and divestitures are inconsistent in amount and frequency and are significantly impacted by the timing and nature of HP's acquisitions or divestitures. HP believes that eliminating such expenses for purposes of calculating these non-GAAP measures facilitates a more meaningful evaluation of HP’s current operating performance and comparisons to operating performance in other periods. HP incurs charges relating to the amortization of intangible assets. Those charges are included in HP’s GAAP earnings, operating margin, net earnings and diluted net EPS. Such charges are significantly impacted by the timing and magnitude of HP’s acquisitions and any related impairment charges. Consequently, HP excludes these charges for purposes of calculating these non-GAAP measures to facilitate a more meaningful evaluation of HP’s current operating performance and comparisons to operating performance in other periods. HP incurs debt extinguishment (benefit)/costs includes certain (gain)/loss related to repurchase of certain of its outstanding U.S. dollar global notes or termination of commitments under revolving credit facilities. These (gain)/loss resulting from debt redemption transactions are partially or more than offset by costs such as bond repurchase premiums, bank fees, unpaid accrued interests, etc. HP excludes these (benefit)/costs for the purposes of calculating these non-GAAP measures to facilitate a more meaningful evaluation of HP's current operating performance and comparisons to operating performance in other periods. Non-operating retirement-related (credits)/charges includes certain market-related factors such as interest cost, expected return on plan assets, amortized actuarial gains or losses, associated with HP’s defined benefit pension and post-retirement benefit plans. The market-driven retirement-related adjustments are primarily due to the changes in the value of pension plan assets and liabilities which are tied to financial market performance and HP considers these adjustments to be outside the operational performance of the business. Non-operating retirement-related (credits)/charges also include certain plan curtailments, settlements and special termination benefits related to HP’s defined benefit pension and post-retirement benefit plans. HP believes that eliminating such adjustments for purposes of calculating non-GAAP measures facilitates a more meaningful evaluation of HP's current operating performance and comparisons to operating performance in other periods. HP recorded tax adjustments including tax expenses and benefits from internal reorganizations, realizability of certain deferred tax assets, various tax rate and regulatory changes, and tax settlements across various jurisdictions. HP excludes these adjustments for the purposes of calculating these non-GAAP measures to facilitate a more meaningful evaluation of HP's current operating performance and comparisons to operating performance in other periods. Free cash flow is a non-GAAP measure that is defined as cash flow provided by (used in) operating activities adjusted for net investment in leases from integrated financing and net investments in property, plant, and equipment. Gross cash is a non-GAAP measure that is defined as cash, cash equivalents and restricted cash plus short-term investments and certain long-term investments that may be liquidated within 90 days pursuant to the terms of existing put options or similar rights. HP’s management uses free cash flow and gross cash for the purpose of determining the amount of cash available for investment in HP’s businesses, repurchasing stock and other purposes. HP’s management also uses free cash flow and gross cash to evaluate HP’s historical and prospective liquidity. Because gross cash includes liquid assets that are not included in cash, cash equivalents and restricted cash, HP believes that gross cash provides a helpful assessment of HP’s liquidity. Because free cash flow includes net cash provided by (used in) operating activities adjusted for net investment in leases from integrated financing and net investments in property, plant and equipment. HP believes that free cash flow provides a more accurate and complete assessment of HP’s liquidity and capital resources. Net cash (debt) is defined as gross cash less gross debt after adjusting the effect of unamortized premium/discount on debt issuance, debt issuance costs and gains/losses on interest rate swaps. Key Growth Areas Key Growth Areas represent HP’s businesses which management expects to grow at a rate faster than HP’s core business with accretive margins in the longer term. HP’s Key Growth Areas are comprised of: Hybrid Systems: Video conferencing solutions, cameras, headsets, voice, and related software capabilities Gaming: Gaming PCs (Omen, Victus, etc.), HyperX and gaming accessories Workforce Solutions: Managed services (Managed Print Service and Device-as-a-Service), digital services and lifecycle services Consumer Subscriptions: Instant Ink, other consumer subscriptions and consumer digital services Industrial Graphics: Large Format Industrial, Page Wide Press (PWP), Indigo and Page Wide Industrial packaging solutions and supplies 3D & Personalization: Portfolio of additive manufacturing solutions and supplies including end-to-end solutions such as molded fiber, footwear and orthotics Material limitations associated with use of non-GAAP financial measures These non-GAAP financial measures may have limitations as analytical tools, and these measures should not be considered in isolation or as a substitute for analysis of HP’s results as reported under GAAP. Some of the limitations in relying on these non-GAAP financial measures are: Items such as amortization of intangible assets, though not directly affecting HP’s cash position, represent the loss in value of intangible assets over time. The expense associated with this change in value is not included in non-GAAP operating margin, non-GAAP net earnings and non-GAAP diluted net EPS, and therefore does not reflect the full economic effect of the change in value of those intangible assets. Items such as restructuring and other charges, acquisition and divestiture charges, amortization of intangible assets are excluded from non-GAAP operating margin. In addition, non-operating retirement-related (credits)/charges, debt extinguishment costs (benefit) and tax adjustments are excluded from non-GAAP other income and expenses, non-GAAP tax rate, non-GAAP net earnings and non-GAAP diluted net EPS. These items can have a material impact on the equivalent GAAP earnings measure and cash flows. HP may not be able to immediately liquidate the short-term and certain long-term investments included in gross cash, which may limit the usefulness of gross cash as a liquidity measure. Other companies may calculate the non-GAAP financial measures differently than HP, limiting the usefulness of those measures for comparative purposes. Compensation for limitations associated with use of non-GAAP financial measures HP accounts for the limitations on its use of non-GAAP financial measures by relying primarily on its GAAP results and using non-GAAP financial measures only supplementally. HP also provides reconciliations of each non-GAAP financial measure to its most directly comparable GAAP measure within this news release and in other written materials that include these non-GAAP financial measures, and HP encourages investors to review those reconciliations carefully. Usefulness of non-GAAP financial measures to investors HP believes that providing net revenue on a constant currency basis, non-GAAP total operating expense, non-GAAP operating profit, non-GAAP operating margin, non-GAAP other income and expenses, non-GAAP tax rate, non-GAAP net earnings, non-GAAP diluted net EPS, free cash flow, gross cash and net cash (debt) to investors in addition to the related GAAP financial measures provides investors with greater insight to the information used by HP’s management in its financial and operational decision making and allows investors to see HP’s results “through the eyes” of management. HP further believes that providing this information better enables HP’s investors to understand HP’s operating performance and financial condition and to evaluate the efficacy of the methodology and information used by HP’s management to evaluate and measure such performance and financial condition. Disclosure of these non-GAAP financial measures also facilitates comparisons of HP’s operating performance with the performance of other companies in HP’s industry that supplement their GAAP results with non-GAAP financial measures that may be calculated in a similar manner.
Democratic strategist Lindy Li, who fundraised for Vice President Kamala Harris ' presidential bid, said during a Saturday appearance on Fox & Friends Weekend that the country is set to experience a "new era of prosperity" during President-elect Donald Trump 's second term. Li, who is on the Democratic National Committee 's ( DNC ) finance committee and who has been critical of her party since Harris' election loss calling it a "$1 billion disaster," told Fox News host Kevin Corke that the Democratic Party "has the stench of loser written all over [it]." She added: "I feel like the Democrats are going to be consigned to the wilderness for at least the next four to eight years." Trump, who previously served one term as president, will be term-limited at the end of his upcoming tenure, leaving the White House open for a new race. Newsweek has reached out to the DNC press team for comment via email on Sunday morning. Li also touched on technology leaders, specifically Mark Zuckerberg of Meta and Jeff Bezos of Amazon and The Washington Post , and their rapport with the president-elect. "Jeff Bezos is probably thanking his lucky stars that he withheld that endorsement, and they're [tech leaders] doing everything they can now to continue the détente," she told Corke. The Washington Post broke with the paper's recent precedent and did not endorse any candidate in the 2024 presidential election. Several tech giants, including Zuckerberg, Bezos, and Sam Altman of OpenAI , have donated to Trump's inaugural fund . Meta, confirmed by Zuckerberg, contributed $1 million. Altman and Bezos are both reportedly planning to donate $1 million each to the fund, the Wall Street Journal reported. Bezos is also expected to visit Trump at Mar-a-Lago next week. When Corke asked about this notion of tech leaders "kissing the ring," in reference to Trump, and what might come of it, Li said, "They're going to solidify the relationship between the business world and President Trump." She then turned to the "ailing" economy and said, "People are dying for a change, so I think we're about to embark on an entirely new era of prosperity, I certainly hope so." "You can just feel it, even in the last couple weeks Americans are celebrating," adding that "the momentum is just tremendous," for Trump's second term. Newsweek has reached out to Trump's press team for comment via email on Sunday morning. Earlier this month, Li broke with her party when defending Trump's secretary of defense pick , former Fox News host Pete Hegseth. "I've had personal interactions with—because I've been on Fox & Friends —I've met Pete, he's my fellow Princetonian. I actually think he's a pretty good guy," Li said during her December 6 appearance on NewsNation's Morning in America. Hegseth's nomination to lead the Department of Defense (DOD) has been controversial, with some lawmakers questioning his perceived lack of experience and raising concerns about sexual assault allegations and reports of excess drinking. Hegseth has denied the allegations. Like other Cabinet nominees, he will need to be confirmed by a majority vote in the Senate .Air Canada plans to bar carry-on bags and impose a seat selection fee for its lowest-fare customers in the new year, as discount carrier tactics increasingly enter the mainstream. Starting Jan. 3, basic fare passengers on trips within North America and to sun destinations will have to check duffel bags, rolling suitcases and large backpacks for a fee — $35 for the first, $50 for the second. A small personal item such as a purse or laptop bag will be allowed on board for free, as will strollers, mobility aids and medical devices. The country’s largest airline also said that as of Jan. 21, lower-tier customers will have to pay if they want to change the seat assigned to them at check-in — a policy it had suspended just two days after implementation earlier this year amid backlash from travellers. The moves mark a shift toward a budget airline-style offering from Canada’s flag carrier, which along with rivals has relied increasingly on ancillary fees for formerly bundled services that range from checked bags to on-board snacks and Wi-Fi access. Air Canada says the changes align its fare structure with similar ticket options from other Canadian carriers and “better distinguish its fare brands.” In June, WestJet rolled out its “UltraBasic” fare. The ticket tier allows no more than a personal item on board — stored under the seat — and charges a fee for seat selection, including after check-in, whether online or in-person. Discount carrier Flair Airlines always charges for a carry-on, which costs between $29 and $74 depending on its size. No-frills fares carry growing appeal for big airlines seeking to capture cost-conscious travellers as budgets tighten after inflation and interest rate hikes. “They’re competing with these low-cost carriers on various routes,” said Richard Vanderlubbe, founder of Hamilton, Ont.-based travel agency Tripcentral.ca. “This is what wins in the price-sensitive area of the market.” Criticism of bare-bones ticket offerings is “easy,” Vanderlubbe said, but the fare tiers — up to seven at Air Canada — give travellers choice. U.S. carriers such as United Airlines, Delta Air Lines and American Airlines have similar categories, though American and Delta still allow basic economy travellers to bring a bag onto the plane at no cost. “It’s a market solution to kind of an ugly problem,” Vanderlubbe said. “If you’re paying the lowest of the low, then who should get the middle seat at the back?” He added that customers need to be aware that what they see as the lowest fare on a price comparison search may not wind up being the cheapest option once the fees are tallied. “It’s not transparent until you’ve gotten a certain depth into the booking: ‘Oh, here’s the seat selection fee. Oh, here’s the baggage fee. Oh, here’s the carry-on fee.’ And watch out if you don’t check in online, there’s a massive penalty if you don’t,” Vanderlubbe said. “It’s kind of drip, drip, drip, drip. And it works,” he said, calling the trend “troublesome.” Transport Minister Anita Anand agreed. “I was just made aware of a decision by Air Canada to introduce new carry-on baggage fees. I am extremely concerned. Canadians work hard and save up to travel. They rightly expect excellent service, not extra fees,” she said Wednesday in a social media post on X, formerly known as Twitter. Some competitors sought to seize on Air Canada’s announcement to highlight their own offerings. “Now the choice should be clear,” Flair said in a post on X. “The products are the same, one just costs way less.” That’s not always true. Some Toronto-Vancouver tickets in March start at $129 for Flair and $135 for Air Canada and WestJet. Other routes see a bigger difference, with Calgary-Toronto priced at $139 for Flair, $209 for Air Canada, $175 for WestJet and $198 for Porter. Air Canada noted that basic fare passengers who arrive at the boarding gate with ineligible bags will be charged $65 per item to check them. It also announced that customers on its “comfort economy” fare — the middle of the seven tiers — can check two bags for free starting Jan. 3, rather than one. Air Canada took in nearly US$2 billion in so-called ancillary revenue in 2022, up by nearly 50 per cent from five years earlier, according to airline consulting firm IdeaWorksCompany. The category’s share of total revenue for the company grew to more than 15 per cent from below 11 per cent in the same five-year period.
NEW YORK — There's a Christmas Day basketball game at Walt Disney World, featuring Mickey, Minnie, Goofy and Wemby. An animated game, anyway. The real game takes place at Madison Square Garden, where Victor Wembanyama and the San Antonio Spurs face the New York Knicks in a game televised on ABC and ESPN and streamed on Disney+ and ESPN+. The special alt-cast, the first animated presentation of an NBA game, will be shown on ESPN2 and also stream on Disney+ and ESPN+. Madison Square Garden is a staple of the NBA's Christmas schedule. Now it merges with a bigger home of the holidays, because the "Dunk the Halls" game will be staged at Disney, on a court set up right smack in the middle of where countless families have posed for vacation photos. Why that location? Because it was Mickey Mouse's Christmas wish. "Basketball courts often have the ability to make a normal environment look special, but in Disney it can only turn out incredible," Wembanyama said in an ESPN video promoting his Christmas debut. The story — this is Disney, after all — begins with Mickey penning a letter to Santa Claus, asking if he and his pals can host a basketball game. They'll not only get to watch one with NBA players, but some of them will even get to play. Goofy and Donald Duck will sub in for a couple Knicks players, while Mickey and Minnie Mouse will come on to play for the Spurs. "It looks to me like Goofy and Jalen Brunson have a really good pick-and-roll at the elite level," said Phil Orlins, an ESPN vice president of production. Walt Disney World hosted real NBA games in 2020, when the league set up there to complete its season that had been suspended by the COVID-19 pandemic. Those games were played at the ESPN Wide World of Sports. The setting for the Christmas game will be Main Street USA, at the entrance of the Magic Kingdom. Viewers will recognize Cinderella's castle behind one baseline and the train station at the other end, and perhaps some shops they have visited in between. Previous alternate animated broadcasts included an NFL game taking place in Andy's room from "Toy Story;" the "NHL Big City Greens Classic" during a game between the Washington Capitals and New York Rangers; and earlier this month, another NFL matchup between the Cincinnati Bengals and Dallas Cowboys also taking place at Springfield's Atoms Stadium as part of "The Simpsons Funday Football." Unlike basketball, the players are helmeted in those sports. So, this telecast required an extra level of detail and cooperation with players and teams to create accurate appearances of their faces and hairstyles. "So, this is a level of detail that we've never gone, that we've never done on any other broadcast," said David Sparrgrove, the senior director of creative animation for ESPN. Wembanyama, the 7-foot-3 phenom from France who was last season's NBA Rookie of the Year, looks huge even among most NBA players. The creators of the alternate telecast had to design how he'd look not only among his teammates and rivals, but among mice, ducks and chipmunks. "Like, Victor Wembanyama, seeing him in person is insane. It's like seeing an alien descend on a basketball court, and I think we kind of captured that in his animated character," said Drew Carter, who will again handle play-by-play duties, as he had in the previous animated telecasts, and will get an assist from sideline reporter Daisy Duck. Wembanyama's presence is one reason the Spurs-Knicks matchup, the leadoff to the NBA's five-game Christmas slate, was the obvious choice to do the animated telecast. The noon EST start means it will begin in the early evening in France and should draw well there. Also, it comes after ABC televises the "Disney Parks Magical Christmas Day Parade" for the previous two hours, providing more time to hype the broadcast. Recognizing that some viewers who then switch over to the animated game may be Disney experts but NBA novices, there will be 10 educational explainers to help with basketball lingo and rules. Beyond Sports' visualization technology and Sony's Hawk-Eye tracking allow the animated players to make the same movements and plays made moments earlier by the real ones at MSG. Carter and analyst Monica McNutt will be animated in the style of the telecast, donning VR headsets to experience the game from Main Street, USA. Other animated faces recognizable to some viewers include NBA Commissioner Adam Silver, who will judge a halftime dunk contest among Mickey and his friends, and Santa himself, who will operate ESPN's "SkyCam" during the game. The players are curious how the production — and themselves — will look. "It's going to be so crazy to see the game animated," Spurs veteran Chris Paul said. "I think what's dope about it is it will give kids another opportunity to watch a game and to see us, basically, as characters." Get local news delivered to your inbox!
Pushpa 2 Leaked: As Allu Arjun-Starrer Falls Victim To Piracy, Here's How Much The Film Industry Lost Last YearA California man who prosecutors alleged lied to federal agents and pushed fake criminal allegations against President Biden and his son Hunter now faces new charges of tax evasion from special counsel David Weiss, according to court records. Alexander Smirnov was an FBI informant for about a decade, providing information to federal investigators in what his defense attorneys claimed in court filings demonstrated an "undivided, years-long loyalty to the United States." But Weiss — the Trump-appointed Delaware U.S. attorney who was kept on during the Biden administration and later elevated to the role of special counsel by Attorney General Merrick Garland to continue the Hunter Biden probes — alleged in a February 2024 indictment that Smirnov illegally made false claims to FBI handlers about Hunter and Mr. Biden that dated back to 2020. Smirnov was accused of lying to investigators when he told them the two Bidens had each accepted $5 million from the Ukrainian energy company Burisma. The claims "were false, as the Defendant knew," according to the charging documents filed against him. Smirnov, who court records say was born in Ukraine, pleaded not guilty to the charges and in court filings, his defense team has accused prosecutors of charging their client "as a result of the rejection of Hunter Biden's plea resolutions." He remains in pretrial detention pending trial. On Nov. 21, just weeks before he was set to go to trial on Dec. 3, federal prosecutors in Weiss' office filed a little-noticed indictment in a separate case against Smirnov, alleging he had illegally concealed from the IRS millions of dollars in income between 2020 and 2022. Court records alleged Smirnov spent unreported income on a Las Vegas apartment, a Bentley and payments on credit card debt. Prosecutors did not name the alleged source of the funds, but the dates and amounts of his payments to him from a single company identified in their filing as "Company 1" coincide with payments they alleged Smirnov received from the Economic Transformation Technologies Corporation, which was named in court records filed in Smirnov's other case. The new charges do not indicate any wrongdoing by Economic Transformation Technologies Corporation. Other income came from an unnamed individual, the new indictment said. "In order to conceal the millions of dollars he received in income in 2020, 2021 and 2022, the Defendant created and filed false Forms 1040, U.S. Individual Income Tax Returns, for himself and in Domestic Partner's name that included false and fictitious income and expenses," the 27-page indictment filed last week said. According to newly published court records, the judge overseeing Weiss' first case against Smirnov — District Court Judge Otis Wright — held a status conference on Tuesday and delayed his upcoming trial on the false statements charges until January. Responding to the new tax charges, David Chesnoff, Smirnov's attorney, told CBS News, "Mr. Smirnov intends to vigorously defend this case as he is vigorously defending the first case." A spokesperson for Weiss declined to comment when contacted by CBS News. Prosecutors alleged earlier this year that Smirnov's false claims against the Bidens were memorialized in an FBI document known as an FD 1023. Congressional Republicans previously pointed to that document's allegations of bribery as evidence of misdeeds and fought with the FBI to publicly release the document, which investigators now say contained fake allegations. Smirnov's attorneys have argued in court records that the case "smacks of political bias." But prosecutors pushed back, writing this month that Smirnov, "has never provided any discovery to the government or evidence to this Court supporting his baseless claims—indeed, there is no such evidence because the claims are meritless." In court records filed earlier this year, the special counsel said Smirnov told the FBI about contacts with foreign intelligence officials, "including Russian intelligence agencies, and has had such contacts recently." Defense attorneys in court filings of their own called allegations of Russian ties baseless. Apart from the specific charges at issue, law enforcement experts told CBS News earlier this year that the mounting questions about Smirnov's truthfulness should trigger an audit of every case in which he was involved. A CBS News investigation published earlier this year revealed that serious doubts about Smirnov's credibility were raised almost a decade ago. The FBI declined to comment on the results of the CBS News investigation earlier this year. Weiss secured a conviction against Hunter Biden in Delaware on illegal gun charges and a guilty plea from the president's son in a second case in California in which Hunter Biden admitted to tax fraud . He is set to be sentenced in both cases later this month. The trial conviction and guilty plea were the results of a protracted legal battle between Weiss's office and Hunter Biden's legal team after an initial plea and diversion agreement fell apart and ultimately were rejected by a federal judge in 2023. The special counsel has faced criticism from members of Congress and whistleblowers over his handling of the Hunter Biden probe. Daniel Klaidman , Scott MacFarlane , Jessica Kegu and Pat Milton contributed to this report. Robert Legare is a CBS News multiplatform reporter and producer covering the Justice Department, federal courts and investigations. He was previously an associate producer for the "CBS Evening News with Norah O'Donnell."
Thieves Get a Taste for Cheese and Butter Amid Surging Prices
Many describe today's college admissions process as an "arms race," where students feel pressured to accumulate even more impressive extracurricular activities to keep pace with the competition. This phenomenon is particularly acute in China, where comprehensive reviews and a pervasive achievement culture have permeated not only colleges but also high schools, middle schools and even primary schools. A nine-year-old in China may sacrifice sleep and socializing with friends to squeeze in extracurricular activities for admission to an elite middle school. This unhealthy competition extends beyond schools. White-collar workers compete to log the most overtime, sometimes to the point of depression; manufacturers compete to offer the lowest prices even at a loss; and local governments vie for the most generous enterprise policies, often neglecting long-term economic consequences. Social media users have been using the term "neijuan" to describe this phenomenon. Often mistranslated as "involution", a term with established anthropological connotations, neijuan is not simply about hard work. It describes a system where individuals are compelled to work increasingly harder merely to maintain their relative position, resulting in diminishing returns and widespread exhaustion. Some Chinese individuals have adopted a personal counterstrategy: "tangping", meaning "lying down". This philosophy advocates opting out of the relentless competition and rejecting the pursuit of traditional milestones, questioning the value of arduous effort with little to no return. It's a bit like the English meme "reject humanity, return to monkey." Chinese policymakers have acknowledged this issue and are taking steps to address it. In late 2023, Xinhua News Agency, citing central officials, reported that "neijuan-style competition" was evident in some emerging industries. A July meeting of the Communist Party of China (CPC) leadership called for enterprises to prevent "rat race-style irrational competition" – the official terminology for neijuan. Most recently, following the annual Central Economic Work Conference in Beijing, the CPC leadership signaled a shift from simply preventing neijuan to actively addressing it by regulating the behavior of both enterprises and local governments. "New industries like new energy vehicles and solar panels, which we have worked hard to cultivate, now face new challenges," said Han Wenxiu, executive deputy director of the Office of the Central Committee for Financial and Economic Affairs. "We must address irrational competition and ensure the healthy development of these industries to maintain our competitive edge in the global market." The specific measures remain undisclosed, but experts suggest potential approaches. "We need to make good use of market-oriented and legal means," said Han, emphasizing the need to "improve standards in technology, environmental protection, safety, energy consumption, etc." Liu Yuanchun, dean of Shanghai University of Finance and Economics, added that local governments are also a target. "The neijuan competition among local governments to attract investment will be addressed," Liu said. (Cover via CFP)
Here's Why Zoom Video Communications Stock Dropped TodayAccelerating a new chapter in Oman’s automotive landscape, World Auto Business has brought BYD’s electric mobility experiences closer to automotive enthusiasts with the inauguration of BYD’s third showroom at the Mall of Oman. This is Oman’s first automotive showroom within the premises of a shopping mall. This innovative showroom concept offers visitors a unique opportunity to explore BYD’s high-tech electric and hybrid vehicles. It invites customers to embark on electrifying journeys with vehicles that seamlessly blend technology, performance and sustainability. The inauguration was graced by Mr. A D Huang, General Manager of BYD Middle East and Africa Auto Sales Division, Mr. Husam Al Mandhari, Director, Mall Management, Mall of Oman, Mr. Abdullah Mohamed Bahwan, Managing Director – Corporate, Saud Bahwan Group and senior representatives from BYD. Highlighting this milestone, a BYD representative described it as a pivotal step in the brand’s expansion in Oman, stating that BYD’s vehicles are not merely products but future-inspired innovations where cutting-edge technology meets practicality to create sustainable, high-performance solutions designed for the demands of modern city life. The representative also emphasised how the showroom enhances the overall customer experience, allowing families to engage in enriching edutainment encounters while making informed decisions about their automotive choices. Stepping into the showroom, visitors have an opportunity to enter a world of unique storytelling and automotive advancements. The ultra-dimensional exhibition space showcases BYD’s futuristic DNA through high-tech interiors, immersive aesthetics and interactive displays. A centrepiece of the showroom experience is the 98-inch LED screens, which deliver captivating presentations on BYD’s transformative technologies, including the revolutionary Blade Battery, DM-i Super Hybrid technology and the e3 platform. Visitors can also explore advanced solutions such as the Disus Body Control system and the e4 (Yisifang) platform, designed to offer consumers the benefits of cutting-edge automotive innovation. Every aspect of the showroom reflects BYD’s commitment to innovation, from earthy dome-like elements to illuminated floors and high-contrast mirror reflections. These design elements create a harmonious balance, emphasising the brand’s forward-thinking identity. BYD’s range of vehicles available in Oman includes the dynamic electric models Han, Atto 3, and Seal, as well as the DM-i-powered hybrid Song Plus DM-i and Qin Plus DM-i, catering to a wide spectrum of customer preferences. The recent unveiling of BYD’s new-age EV showroom in Wattayah heralded the beginning of Oman’s e-mobility era and was followed by the inauguration of BYD’s second showroom at Al Mouj. As BYD sets its sights on the future, World Auto Business LLC remains committed to providing an exceptional customer journey, ensuring a smooth transition from conventional vehicles to the cutting-edge technology of tomorrow. Visit the BYD showrooms at Wattayah, Al Mouj and Mall of Oman today to explore the future of mobility first-hand. In Oman, BYD vehicles are distributed by World Auto Business. Please visit www.bydoman.com, www.youtube.com/@BYD_oman, www.facebook.com/BYDinOman and www.instagram.com/byd_oman. For any further details, or to ascertain the availability of stocks and for test-drive requests, please call 72225925.
(CNN) — President-elect Donald Trump’s pledge to impose massive tariffs was an early warning shot to try to force the hand of allies and adversaries to come to the negotiating table on immigration and trade issues, a transition official told CNN. Trump on Monday vowed hikes in the taxes American companies must pay on goods imported from Mexico, Canada and China starting on his first day in the White House, unless those countries comply with his demands to crack down on migration and drugs flowing into the United States. “Why not? No surprises,” the transition official told CNN. “We know what works.” Trump’s posts Monday on Truth Social appeared to be the opening act in a long-promised trade war with China and North American countries – as well as the latest illustration of how the president-elect plans to force other countries to help the United States stem the flow of migrants and drugs into ports and across borders, as he often vowed on the campaign trail. It comes despite warnings that tariff hikes, if they come to fruition, could increase inflation. A Goldman Sachs analysis on Tuesday projected that Trump’s proposed hikes would increase the core personal consumption expenditures index — a key inflation gauge that excludes food and energy costs — by 0.9%. And Matt Priest, the president of the leading footwear industry trade group Footwear Distributors & Retailers of America, warned that Trump’s proposed tariffs would “directly increase costs for retailers and consumers, leading to higher prices on everyday essentials like shoes.” But it’s a strategy that stems from a belief that similar threats worked in Trump’s first term in the Oval Office, the transition official said. During those four years, Trump took a hardline — and at times, scattershot — approach toward Latin America, which was largely the source of migration to the United States. That approach included levying consequences, like sanctions, and threatening and imposing tariffs. The Goldman Sachs analysis also described Trump’s tariff announcement as “more reminiscent of the first Trump administration, when such tariffs were announced as a negotiating tactic.” Trump ultimately declined to impose some of his proposed tariffs. In 2019, tariff threats ultimately resulted in Mexico giving in to the expansion of one of the Trump administration’s key immigration policies, known as “remain in Mexico,” according to two sources familiar with the matter. The unprecedented policy required migrants to stay in Mexico for the duration of their immigration proceedings in the United States. At that time, Trump’s 25% tariff threat on Mexico was short-lived and resulted in a deal within a matter of weeks, spurred by a delegation of Mexican officials that traveled to Washington for urgent talks. Trump’s then-senior adviser Stephen Miller and top aides to then-Vice President Mike Pence led the negotiations on behalf of the United States. If the talks had dragged out, prominent business lobbies had prepared to sue the Trump administration, alleging that the tariffs were not an adequate response to a non-trade issue. CNN previously reported that Trump’s team is gaming out a similarly aggressive strategy toward Latin America that will be a crucial element to plans to deport migrants and stem migration. The president-elect is moving forward with that approach despite the leaders of neighboring countries responding that it won’t achieve Trump’s stated goals, and would trigger a mutually destructive trade war. Mexican President Claudia Sheinbaum said at a news conference Tuesday that “neither threats nor tariffs will solve the issue of migration or drug consumption.” “Imposing one tariff would mean another comes in response, continuing like this until we put shared companies at risk,” she said. “For example, some of the largest exporters from Mexico to the United States are General Motors, Stellantis and Ford Motor Company, which arrived in Mexico 80 years ago,” Sheinbaum said. “Why impose a tax that puts them at risk? It’s unacceptable and would cause inflation and job losses in Mexico and the United States.” The timing of Trump’s social media posts might have been a surprise, but their content was not. On the campaign trail, he frequently pledged to use tariffs as a negotiating tool to bend China and North American countries’ policies to his will. His advisers have acknowledged privately that tariffs could be more urgently slapped on Canada and Mexico, as Trump seeks to fulfill his campaign pledge to renegotiate his own free trade agreement. In July, Canada implemented a 3% tax on the profits of large foreign technology companies operating in the country — a move that both President Joe Biden’s outgoing administration and the incoming Trump team view as discriminatory and in violation of a 2018 trade deal between the United States, Canada and Mexico. During Trump’s first term, the three countries spent more than a year hammering out that deal — the US-Mexico-Canada Agreement — to replace the North American Free Trade Agreement, which went into force in 1994. The new deal requires all three countries to renew it by July 1, 2026, to keep it in force — and Trump’s team is expected to call for renegotiating parts of the deal. Advisers see the new tariff threat as a way to build leverage for Trump going into those talks. Trump telegraphed that approach in an October speech at the Detroit Economic Club, where he said that upon taking office, he would “formally notify Mexico and Canada of my intention to invoke the six-year renegotiation provision of the USMCA that I put in.” Trump is said to want to open trade negotiations with Canada as quickly as possible after taking office. Howard Lutnick — the co-chair of Trump’s transition effort and his pick for Commerce secretary — said in a CNBC interview before the election that “of course” tariffs are a “bargaining chip,” and would help remove barriers to American-made goods in other countries. “This is just negotiating,” he said. But Lutnick added that Trump wouldn’t seek to slap price-raising tariffs on goods that aren’t made in the United States. “Do we make a lot of money on tariffs? Or we bring productivity here and we drive up our workers here?” Lutnick said. “So it’s a win-win scenario.” CNN’s Matt Egan and David Goldman contributed to this report. The-CNN-Wire TM & © 2024 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
- Previous: bmy88 login password download
- Next: bmy88 login register download
