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ATLANTA (AP) — Georgia Senate Republicans recommended on Friday that the state write laws banning transgender girls and women from participating in high school and college sports, setting the stage for action in the 2025 legislative session. The vote by a committee that was studying the issue is hardly a surprise. Lt. Gov. Burt Jones — a possible Republican contender for governor in 2026 — announced almost identical goals at the panel's first meeting in August . It’s an issue that’s already been addressed in Georgia. Legislators in 2022 empowered the Georgia High School Association to regulate transgender students' participation in sports. The association, which regulates sports and activities for all public schools and some private schools, then banned transgender boys and girls from playing on the school sports teams matching their gender identity. Jones and others argue that doesn't go far enough and that lawmakers themselves need to act. It's a sign Republicans believe there is more political gain in fears about transgender women playing women’s sports or using women’s bathrooms. At least 26 mostly Republican states have passed laws or rules to restrict transgender girls from participating high school sports and, in some cases, transgender women from college sports , according to the Movement Advancement Project, a gay rights group. In Georgia, additional action appears more likely now after House Speaker Jon Burns and Gov. Brian Kemp, both Republicans, have voiced support for further legislation. Jeff Graham, executive director of the LGBTQ+ advocacy group Georgia Equality, said his group is playing defense, concerned about the possibility of other bills that could further restrict gender-affirming care or ban transgender people from using public bathrooms that match their gender identity. “We’re expecting that it’ll be at least what we saw in 2023 and 2024, with the number of bills and more than likely laws,” Graham told reporters Friday. But Burns, from Newington, has said he's not interested in other bills dealing with transgender people besides those dealing with girls' and women's sports. Republican State Sen. Greg Dolezal, of Cumming, who led the Senate study committee, said Friday that he, too, is not interested in a broader bill regulating bathroom usage, although his committee recommended that schools that host sporting events require athletes to use locker rooms based on their assigned sex at birth. Dolezal said senators would seek to write legislation that regulated public schools and colleges, as well as private institutions that compete against public schools and colleges. The committee also recommends that people be able to sue or file grievances if schools break the rules, and that state money be withheld from schools that break the rules. READ: Supporters of more action have focused on the 2022 NCAA women’s swimming championships at Georgia Tech in Atlanta, where Lia Thomas, a transgender woman, swam for the University of Pennsylvania and won the 500-meter freestyle . The NCAA has since revised its policy on transgender women’s participation, saying it will follow the rules of respective athletics federations. World Aquatics, the swimming governing body, banned transgender women who have been through male puberty from competing in women’s races. That means Thomas wouldn’t be allowed to swim in NCAA events today. “My basic contention that this is a solution in search of a problem remains,” Graham said. He said he fears that many people who oppose laws that seek to restrict transgender people will be afraid to testify and lobby at the Georgia Capitol, citing assault charges against a man accused of shaking U.S. Rep. Nancy Mace in a Capitol office building in Washington, D.C. Dolezal repeatedly tried to turn down the emotional temperature of the issue on Friday. “I think that there’s a group of people that wants to be respected and I think that they deserve respect,” Dolezal told reporters. “But I also think that you can be respectful, but also recognize that in the sporting arena, fairness and competition is important.” Copyright 2024 The Associated Press . All rights reserved. This material may not be published, broadcast, rewritten or redistributed.TOKYO (AP) — Troops surround South Korea's parliament overnight when the president declares martial law. He accuses pro-North Korean forces of plotting to overthrow one of the world’s most vibrant democracies. Lawmakers voice outrage and vote to end the declaration, and the president lifts the decree before daybreak. President Yoon Suk Yeol spread fear and confusion through South Korea overnight by issuing his sudden edict late Tuesday, the first martial law declaration since more than four decades ago when the country was controlled by a dictatorship. The declaration, the rushed vote by lawmakers to overturn it and the president's lifting of martial law soon afterward were moments of high drama for an unpopular leader who has struggled with political deadlock in an opposition-dominated parliament and scandals involving him and his wife. While there was no direct evidence presented, Yoon raised the specter of North Korea as a destabilizing force. Yoon has long maintained that a hard line against the North is the only way to stop Pyongyang from following through on its nuclear threats against Seoul. Amid the surreal scenes of troops massing around parliament, here are some things to know as this story unfolds: Immediately after Yoon's declaration the military chief called in key commanders for talks. South Korean troops set up barricades and then made their way into parliament. The leader of the main opposition, which controls parliament, ordered lawmakers to return to the building, where they eventually voted to lift the declaration of martial law. Yoon lifted the martial law decree around 4:30 a.m. during a Cabinet meeting. Yoon's declaration had been accompanied by an accusation that the opposition was engaged in “anti-state activities plotting rebellion.” But he did not explain what that means, and provided no specific evidence. The vague statement is reminiscent of the heavy-handed tactics of the South Korean dictatorships that ended in the late 1980s. A series of strongmen repeatedly invoked North Korea when struggling to control domestic dissidents and political opponents. The opposition lambasted Yoon's move as un-democratic. Opposition leader Lee Jae-myung, who narrowly lost to Yoon in the 2022 presidential election, called Yoon’s announcement “illegal and unconstitutional.” But the sudden declaration was also opposed by the leader of Yoon's own conservative party, Han Dong-hoon, who called the decision “wrong” and vowed to “stop it with the people.” “The people will block the president’s anti-constitutional step. The military must be on the side of the public in any case. Let’s resolutely oppose it,” Kim Dong Yeon, the opposition party governor of Gyeonggi province, which surrounds Seoul, wrote on X. Average South Koreans were in shock. Social media was flooded with messages expressing surprise and worry over Yoon’s announcement. “Martial law? I thought it was deepfake content, but is it really a martial law decree?,” one X user wrote. “I first thought about a war with North Korea when he said he would impose a martial law,” another X user wrote. There were quick claims that the emergency declaration was linked to Yoon’s political struggles. His approval rating has dropped, and he has had little success in getting his policies adopted by a parliament that has been controlled by the opposition since he took over in 2022. Conservatives have said the opposition moves are political revenge for investigations into the opposition leader, who is seen as the favorite for the next presidential election in 2027. Just this month, Yoon denied wrongdoing in an influence-peddling scandal involving him and his wife. The claims have battered his approval ratings and fueled attacks by his rivals. The scandal centers on claims that Yoon and first lady Kim Keon Hee exerted inappropriate influence on the conservative ruling People Power Party to pick a certain candidate to run for a parliamentary by-election in 2022 at the request of Myung Tae-kyun, an election broker and founder of a polling agency who conducted free opinion surveys for Yoon before he became president . Yoon has said he did nothing inappropriate. South Korea became a democracy only in the late 1980s, and military intervention in civilian affairs is still a touchy subject. During the dictatorships that emerged as the country rebuilt from the destruction of the 1950-53 Korean War, leaders occasionally proclaimed martial law that allowed them to station combat soldiers, tanks and armored vehicles on streets or in public places to prevent anti-government demonstrations. Such scenes are unimaginable for many today. The dictator Park Chung-hee, who ruled South Korea for nearly 20 years before he was assassinated by his spy chief in 1979, led several thousand troops into Seoul in the early hours of May 16, 1961, in the country’s first successful coup. During his rule, he occasionally proclaimed martial law to crack down on protests and jail critics. Less than two months after Park Chung-hee’s death, Maj. Gen. Chun Doo-hwan led tanks and troops into Seoul in December 1979 in the country’s second successful coup. The next year, he orchestrated a brutal military crackdown on a pro-democracy uprising in the southern city of Gwangju, killing at least 200 people. In the summer of 1987, massive street protests forced Chun’s government to accept direct presidential elections. His army buddy Roh Tae-woo, who had joined Chun’s 1979 coup, won the election held later in 1987 thanks largely to divided votes among liberal opposition candidates. AP writers Kim Tong-hyung and Hyung-jin Kim contributed to this story.
Automotive Connector Market Size, Growth Analysis 2031 by Key Vendors- TE Connectivity, YAZAKI Corporation, Aptiv (Formerly Delphi Automotive PLC), Sumitomo Wiring Systems Ltd. 11-23-2024 06:42 PM CET | Advertising, Media Consulting, Marketing Research Press release from: Verified Market Research USA, New Jersey: According to Verified Market Research analysis, the global Automotive Connector Market size is reached a valuation of USD 22.1 Billion in 2023, with projections to achieve USD 38.68 Billion by 2031, demonstrating a CAGR 7.25% from 2024 to 2031. What is the current state of the Automotive Connector Market? The global automotive connector market has been experiencing steady growth, driven by advancements in vehicle electrification, safety systems, and automation. In 2023, the market was valued at approximately USD 22 billion and is expected to grow at a CAGR of around 8% from 2024 to 2030. Key factors propelling this growth include the increasing adoption of electric vehicles (EVs), which require specialized connectors for battery systems and power electronics, as well as the growing integration of Advanced Driver Assistance Systems (ADAS) and infotainment systems. The Asia-Pacific region leads the market, owing to the large automotive manufacturing base in China, Japan, and South Korea. North America and Europe are also significant markets, with strong demand for high-quality connectors in electric and hybrid vehicles. The market is competitive, with companies focusing on innovative, high-performance connectors to meet evolving industry demands. https://www.verifiedmarketresearch.com/download-sample/?rid=31375&utm_source=OpenPR&utm_medium=386 What are the key drivers of growth in the Automotive Connector Market? Several factors are driving the automotive connector market's growth. The transition to electric vehicles (EVs) is one of the most significant catalysts. EVs require specialized connectors to manage high-voltage systems and ensure safe, efficient energy transfer between the battery and other components. Additionally, the rise of autonomous vehicles and advanced safety features, such as ADAS, is creating a need for more connectors to support sensor systems, cameras, and data transfer technologies. The push towards lightweight and compact connectors that improve fuel efficiency and reduce vehicle weight is also a crucial trend. Furthermore, the global push towards stricter environmental regulations has led to increased demand for more energy-efficient solutions in automotive manufacturing, further boosting the connector market. Innovation in materials and designs, like the use of plastic and aluminum connectors, is also enhancing the market's potential. What are the investment opportunities and challenges in the Automotive Connector Market? Investors have multiple opportunities in the automotive connector market, particularly in companies focusing on high-performance and specialized connectors for EVs and autonomous vehicles. As EV sales rise globally, manufacturers of connectors for powertrains, battery management systems, and charging infrastructure are expected to see substantial demand. Companies investing in R&D to develop connectors that meet stringent safety standards and offer durability in high-temperature environments are also well-positioned for long-term growth. However, challenges include supply chain disruptions, particularly with semiconductor shortages, which can affect connector production. Additionally, the market's dependency on automotive production cycles can introduce volatility. Market players must focus on innovation and strategic partnerships with automotive OEMs to stay competitive, as well as navigate the potential impact of geopolitical tensions, which may affect raw material supply and pricing. Despite these risks, the growing demand for EVs and advanced vehicle systems presents a promising investment horizon. Major companies TE Connectivity, YAZAKI Corporation, Aptiv (Formerly Delphi Automotive PLC), Sumitomo Wiring Systems Ltd., Molex, LLC, Amphenol Corporation, Japan Aviation Electronics Industry, KOREA ELECTRIC TERMINAL Co. Ltd., J.S.T. Mfg. Co., Ltd, KYOCERA Corporation. Trends Global Market Expansion: As markets continue to globalize, numerous enterprises in the Automotive Connector sector are actively exploring opportunities in emerging markets. Leveraging their expertise and resources, these companies are strategically expanding their footprint and reaching out to new customer segments, thereby capitalizing on evolving market dynamics. Sustainable Practices: There's a noticeable surge in prioritizing sustainability within the market, spurred by both consumer preferences and regulatory mandates. This shift is manifesting in heightened adoption of eco-friendly materials, implementation of energy-efficient processes, and proactive initiatives aimed at waste reduction. Digital Transformation: The Automotive Connector market is swiftly embracing digital transformation, incorporating cutting-edge technologies like AI, IoT, and blockchain. This transition is significantly enhancing operational efficiency, fostering product innovation, and elevating customer experiences through personalization. Health and Wellness: Consumers are placing a growing emphasis on health and wellness, catalyzing the introduction of functional and nutritious products in the Automotive Connector market. Additionally, there's a notable trend towards integrating health-focused attributes into existing offerings to meet evolving consumer expectations. Key Segments Are Covered in Report Automotive Connector Market, By Product • Printed Circuit Board (PCB) • Integrated Circuit • Radio Frequency • Fiber Optic • Others Automotive Connector Market, By Application • Comfort, Convenience and Entertainment (CCE) • Powertrain • Safety and Security • Body Wiring and Power Distribution • Navigation & Instrumentation Get a Discount On The Purchase Of This Report @ https://www.verifiedmarketresearch.com/ask-for-discount?rid=31375&utm_source=OpenPR&utm_medium=386 Barriers to Entry Strong Brand Loyalty: Established brands enjoy strong customer loyalty and trust, making it difficult for new entrants to capture market share without substantial investment in brand building and marketing campaigns. Economies of Scale: Existing players benefit from economies of scale, which enable them to lower production costs per unit and offer competitive pricing, posing a barrier for new entrants to achieve similar cost efficiencies. High Capital Requirements: Entry into Automotive Connector Market requires substantial initial investment in manufacturing facilities, distribution networks, and marketing, making it challenging for new entrants to compete effectively. Regulatory Hurdles: Compliance with Automotive Connector industry regulations and standards adds complexity and cost to market entry, especially for startups or smaller firms lacking resources to navigate regulatory requirements effectively. Regional Analysis North America (USA and Canada) Europe (UK, Germany, France and rest of Europe) Asia-Pacific (China, Japan, India, and Rest of Asia Pacific) Latin America (Brazil, Mexico, and Rest of Latin America) Middle East and Africa (GCC and Rest of the Middle East and Africa) The report offers analysis on the following aspects: (1) Market Penetration: Comprehensive information on the product portfolios of the top players in the Automotive Connector Market. (2) Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the Automotive Connector market. (3) Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market. (4) Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies. (5) Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Automotive Connector Market. Frequently Asked Questions (FAQ) 1. What are the present scale and future growth prospects of the Automotive Connector Market? Answer: The Automotive Connector Market size is reached a valuation of USD 22.1 Billion in 2023, with projections to achieve USD 38.68 Billion by 2031, demonstrating a CAGR 7.25% from 2024 to 2031. 2. What is the current state of the Automotive Connector market? Answer: As of the latest data, the Automotive Connector market is experiencing growth, stability, and challenges. 3. Who are the key players in the Automotive Connector market? Answer: TE Connectivity, YAZAKI Corporation, Aptiv (Formerly Delphi Automotive PLC), Sumitomo Wiring Systems Ltd., Molex, LLC, Amphenol Corporation, Japan Aviation Electronics Industry, KOREA ELECTRIC TERMINAL Co. Ltd., J.S.T. Mfg. Co., Ltd, KYOCERA Corporation. are the Prominent players in the Automotive Connector market, known for their notable characteristics and strengths. 4. What factors are driving the growth of the Automotive Connector market? Answer: The growth of the Automotive Connector market can be attributed to factors such as key drivers technological advancements, increasing demand, and regulatory support. 5. Are there any challenges affecting the Automotive Connector market? Answer: The Automotive Connector market's challenges include competition, regulatory hurdles, and economic factors. For More Information or Query, Visit @ https://www.verifiedmarketresearch.com/product/automotive-connector-market/ Inquiry: Mr. Edwin Fernandez Verified Market Research USA: +1 650 781 4080 APAC: +61 485 860 968 EMEA: +44 788 886 6344 Website:- https://www.verifiedmarketresearch.com/ About us: Verified Market Research Verified Market Research is a leading global research and consulting firm with over 10 years of experience providing advanced analytical research solutions, tailored consulting and in-depth data analysis to individuals and companies seeking accurate, reliable and timely research. Data and technology consulting. It provides insights into strategic and growth analysis, the data you need to achieve business goals, and helps you make key revenue decisions. Our research works as partners to provide our clients with accurate and valuable information to help them make better data-driven decisions, understand market forecasts, capitalize on future opportunities and help optimize efficiency. The industries we cover span a wide range of industries including technology, chemicals, manufacturing, energy, food and beverage, automotive, robotics, packaging, construction, mining and gas. etc. Verified Market Research help you understand comprehensive market indicator factors as well as current and future market trends. Our analysts have extensive expertise in data collection and management, using industry methodologies to collect and examine data at every step. They are trained to combine the latest data collection techniques, superior research methodologies, specialized knowledge, and years of collective experience to produce informative and accurate research results. Having served over 5,000 clients, we provide trusted market research services to over 100 global Fortune 500 companies, including Amazon, Dell, IBM, Shell, Exxon Mobil, General Electric, Siemens, Microsoft, Sony and Hitachi. We provided it. We work with some of the world's leading consulting firms, including McKinsey & Company, Boston Consulting Group and Bain & Company, delivering customized research and consulting projects for companies around the world. This release was published on openPR.Canadian freestyle ski star Mikael Kingsbury seeks to extend record
(Bloomberg) — Jimmy Carter, the former Georgia peanut farmer who as US president brokered a historic and lasting peace accord between Israel and Egypt in a single term marred by soaring inflation, an oil shortage and Iran’s holding of American hostages, has died. He was 100. Carter died Sunday at his home in Plains, Georgia, surrounded by his family, the Carter Center said Sunday in a statement. Public observances are planned in Atlanta and Washington, followed by a private interment in Plains. The longest-living former US president ever, Carter had opted in early 2023 to spend his remaining time at his home in Plains receiving hospice care. He was there alongside Rosalynn, his wife of 77 years, when she died in November 2023 at age 96. And he lived long enough to fulfill a final wish — to cast a ballot for Kamala Harris in the 2024 presidential election. A Democrat who rose from running his family’s peanut-farming and seed-supply businesses to serving as Georgia governor, Carter won the White House in 1976 over incumbent Gerald Ford by promising to bring honesty to an office tainted two years earlier by the resignation of Richard Nixon in the culmination of the Watergate scandal. Ascetic, humble and deeply religious, Carter was skeptical of the pomp surrounding the presidency and came to Washington with fewer allies and fixed positions than most who hold the job. His allegiance to an inner moral compass, his vow to support societies that “share with us an abiding respect for individual human rights” and his tendency to speak his mind collided at times with political realities during his four years in office, from 1977 to 1981, and served as a preview of what was to come in a service-filled post-presidency that lasted decades. Carter “assembled a new front line on nearly every issue, with no inherited party game plan or ideological playbook to fall back on,” Jonathan Alter wrote in a 2020 biography that painted him as often right in his instincts but flawed in executing government responses. The book was among several in recent years that offered a revised and sunnier view of Carter’s crisis-plagued tenure. Though Carter “left the White House a widely unpopular president,” his achievements “shine brighter over time, few more than his unique determination to put human rights at the forefront of his foreign policy from the start of his presidency,” his chief domestic policy adviser, Stuart Eizenstat, wrote in a 2018 biography of his former boss. The signature achievement of the Carter presidency, the Camp David Accords between Israel and Egypt, led to peaceful co-existence between the Middle East neighbors even as it fell short of resolving the conflict between Israel and the Palestinians. That and other foreign policy breakthroughs, including a treaty granting Panama ownership of the US-built Panama Canal, were overshadowed by the plight of American hostages held in Iran during the last 444 days of his presidency. They were finally released the day Carter turned over the Oval Office to Republican Ronald Reagan. On the domestic front, the Carter presidency was dogged by economic woes. Inflation reached 13.3% at the end of 1979 compared with 5.2% when he took office in January 1977. The Federal Reserve’s actions to stem price increases pushed home-mortgage rates to almost 15%, and Carter had to take emergency action to stem a slide in the dollar. There were energy shortages, and oil prices more than doubled. Malaise Speech A speech to the nation in on July 15, 1979, became emblematic of Carter’s presidency. With fuel prices skyrocketing and lines at gas stations lengthening, Carter told Americans that solving the energy mess “can also help us to conquer the crisis of the spirit in our country.” He said many Americans “now tend to worship self-indulgence and consumption.” Though Carter never uttered the word, the address became known as the “malaise” speech and contributed to a sense that Carter was powerless to change the nation’s course. “Our memory of the speech comes from those who reworked it, who twisted its words into a blunt instrument that helped them depose a president,” historian Kevin Mattson wrote. Carter’s words, he noted, “received immediate applause and yet wound up ensuring his defeat” to Reagan in the 1980 election. Just weeks after delivering the speech, Carter tapped Paul Volcker, president of the Federal Reserve Bank of New York, to take over as chair of the Federal Reserve, replacing G. William Miller, who became Treasury secretary. Volcker made it clear to Carter that he would deal head-on with inflation by pursuing tighter monetary policies than Miller. Volcker’s policies — which sent interest rates as high as 20% — came at a high price, the fallout contributing to Reagan’s landslide victory over Carter in the 1980 election. Though some of Volcker’s policies “were politically costly, they were the right thing to do,” Carter commented upon Volcker’s death in 2019. Nobel Prize Carter made some of his biggest imprints on the world in the years after he left the White House. He “reinvented the post-presidency,” observed Julian Zelizer, a professor of history at Princeton University and a Carter biographer. In four-plus decades as an ex-president — the longest such tenure in American history — Carter waged a worldwide campaign against war, disease and the suppression of human rights through the Atlanta-based Carter Center, which he founded with his wife. The center made particular strides against Guinea worm disease, a parasite spread through contaminated water that can render victims non-functional for months. Worldwide cases dropped to just 14 in 2023 from an estimated 3.5 million in 1986, according to the center. Carter was awarded the 2002 Nobel Peace Prize for “decades of untiring effort to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development.” His post-presidential causes were not without backlash. Fourteen advisers to the Carter Center resigned in protest of his best-selling 2007 book, Palestine: Peace Not Apartheid, which compared Israel to the White governments of South Africa that systematically oppressed Black citizens. Carter’s longevity defied the odds. He revealed in 2015 that he had melanoma, a type of cancer, and that it had spread to his brain. He received treatment, recovered and on March 22, 2019, became the longest-living chief executive in US history. In 2021, Jimmy and Rosalynn Carter celebrated their 75th wedding anniversary. His Christian faith, he said, made him “absolutely and completely at ease with death.” Peanut Farm James Earl Carter Jr. was born on Oct. 1, 1924, in Plains, Georgia, the first of four children born to Earl Carter, a farmer, and the former Lillian Gordy, a nurse. He grew up in the nearby hamlet of Archery, where the family owned a peanut farm and a general store. He traveled two miles each day to Plains to attend an all-White school. Electricity and indoor plumbing didn’t reach the Carter farm until 1935. Carter attended the US Naval Academy in Annapolis, Maryland, from 1943 to his graduation in 1946. He began dating a girl from Plains, Rosalynn Smith, when home on breaks. They married in July 1946 and would have four children — sons Jack, Chip and Jeff, and daughter Amy. While serving in the Navy for seven years, Carter worked on the development of the nuclear submarine program and rose to the rank of lieutenant. When his father died in 1953, Carter resigned his commission to return to his family’s peanut-farming business. In 1962, he was elected to the Georgia Senate and in 1970 was elected governor, having lost his first bid in 1966. His work to end racial discrimination in the state made him a symbol of the “New South.” At the start of his campaign for the presidency, Carter was not widely known outside of Georgia and was viewed by analysts as a long shot for the Democratic nomination. He began traveling the country before many other candidates had started their campaigns, pitching his outsider status to voters who had endured the revelations of Watergate and Nixon’s resignation. Carter emphasized his religious upbringing — he was a Southern Baptist who often described himself as a “born again” Christian — and promised the American people that he would never lie to them. He won the New Hampshire primary, proving his viability in the North, and defeated Alabama Governor George Wallace in Florida to establish himself as the strongest candidate in the South, on the way to clinching the Democratic nomination. With Minnesota Democrat Walter Mondale as his running mate, Carter narrowly beat Ford, with 50.1% of the vote, and was sworn into office in January 1977 as the 39th US president. Starting what has become a tradition for new presidents, he stepped out of his limousine during the inauguration parade and walked down Washington’s Pennsylvania Avenue to the White House. Billy Brew Carter’s family included colorful characters such as his sister Ruth, a faith healer, and brother Billy, a gas-station operator whose enjoyment of drinking led to the creation of the short-lived Billy Beer brand during his brother’s presidency. The president’s mother also grabbed media attention. A nurse who tended to Black and White families in the segregated South, she joined the Peace Corps at age 68 and always had a ready quip for the press. “When I look at my children,” she once cracked, “I say, ‘Lillian, you should have stayed a virgin.’” As president, Carter signed legislation creating the cabinet-level Department of Education. He appointed women, Black people and Hispanic people to federal posts in large numbers. He stunned the defense contracting industry by killing the Air Force’s expensive B-1 bomber project, a step later reversed by Reagan. He signed the law that created the federal Superfund program to clean up hazardous-waste sites. Carter won praise after his presidency for the steps he had taken toward deregulation, particularly of the airline industry, where the removal of government control of fares and routes promoted competition. One of his longest battles with Congress involved his proposal to scrap 18 dam and irrigation projects, most of them in the West and South. His “hit list” pleased many environmentalists while angering Westerners, including some fellow Democrats. Congress restored funding for most of the projects. From his presidency’s earliest days, Carter sought to highlight and utilize energy shortages to raise support for his domestic agenda. The cabinet-level Department of Energy was created in his administration’s first year, and he had solar panels installed on the roof of the White House. In a televised address to the nation two weeks into his term, Carter called for a new emphasis on conservation, mirroring the White House’s own push for frugality. At Camp David, the presidential retreat in Maryland, Carter guided Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin to the 1978 accord that led the next year to the first peace treaty between Israel and an Arab country. The treaty committed Israel to remove its troops and civilian settlements from the Sinai Peninsula and led to billions of dollars in US aid to Israel and Egypt. The Camp David breakthrough didn’t lead to a broader Mideast peace, however, and Carter through the years didn’t hide his disappointment. In Palestine: Peace, Not Apartheid, he focused on Israel’s occupation of Arab land as the root cause of continued hostilities. In a 2010 book based on his White House diaries, Carter said the US had “defaulted in carrying out one unchallenged and unique responsibility: mediating a peace agreement between Israel and its neighbors.” Olympics Boycott In response to the Soviet Union’s invasion of Afghanistan in December 1979, Carter imposed a trade embargo and organized the boycott of the 1980 Summer Olympic Games in Moscow. Rosalynn Carter said she tried and failed to persuade her husband to wait until after the Iowa presidential caucuses of 1980 to impose the embargo, which hurt US farmers. “I am much more political than Jimmy and was more concerned about popularity and winning reelection,” Rosalynn wrote in her 1984 memoir, “but I have to say that he had the courage to tackle the important issues, no matter how controversial — or politically damaging — they might be.” The biggest external crisis of his presidency was precipitated by the Islamic Revolution in Iran that overthrew the shah and installed a theocratic government headed by formerly exiled cleric Ayatollah Ruhollah Khomeini. On Nov. 4, 1979, radical students overran the US Embassy in Tehran and took more than 60 Americans hostage. Fifty-two of them were held for the last 444 days of Carter’s term. In April 1980, Carter gave the go-ahead for a military assault on the embassy to rescue the hostages. Of the eight helicopters from the USS Nimitz that headed to a desert staging area, from which the raid on Tehran was to commence, three had problems. The mission was aborted, and during preparations for retreat, a helicopter flew into a C-130 transport plane and exploded. Eight American servicemen died. Stymied by crisis on the domestic and foreign fronts, Carter lost his bid for reelection in a landslide, with Reagan winning 44 states. The hostages were released on Jan. 20, 1981, the day Reagan was sworn into office. One More Helicopter “Over the years, in various classrooms and public forums, I have often been asked if there was one substantive action or decision I made as president that I would have changed,” Carter wrote in White House Diary. “Somewhat facetiously, I have answered, ‘I would have sent one more helicopter to ensure the success of the hostage rescue effort in April 1980.’ But I truly believe that if I had done so, I would have been reelected.” The Carters returned to Plains after leaving the White House, and Carter taught scripture at the Maranatha Baptist Church as recently as 2020. In his brimming post-presidency, Carter helped arrange peace talks between North and South Korea and a cease-fire in Bosnia. Through the Carter Center, he helped monitor elections around the world to help ensure that they were fair. He traveled to Haiti in 1994 to negotiate the restoration of constitutional government, averting a threatened US-led invasion. Accepting his Nobel Peace Prize in 2002, as the US under President George W. Bush was preparing to invade Iraq, Carter made his disapproval clear. “For powerful countries to adopt a principle of preventive war may well set an example that can have catastrophic consequences,” he said. Carter attended the inauguration of Republican Donald Trump in 2017, the sixth and final presidential swearing-in he witnessed after leaving office. Days earlier, he had told congregants at his hometown church that of 22 voters in his family, none had voted for Trump. But he had been the first former president to accept an invitation to the inauguration, determined to show support for the new US leader. Trump “has never been involved in politics before,” Carter explained, according to an account by Voice of America. “He has a lot to learn. He’ll learn — sometimes the hard way, like I did.” —With assistance from Rich Miller. (Updates with statement from Carter Center in second paragraph.)
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OTTAWA — NDP Leader Jagmeet Singh said he won’t play Conservative Leader Pierre Poilievre’s games by voting to bring down the government on an upcoming non-confidence motion. The Conservatives plan to introduce a motion that quotes Singh’s own criticism of the Liberals, and asks the House of Commons to declare that it agrees with Singh and has no confidence in the government. The motion is expected to be introduced on Thursday and the debate and vote are set for Monday. Singh said he is not going to trigger an election when he believes Poilievre would cut programs the NDP fought for. “I’m not going to be playing Pierre Poilievre’s games. I have no interest in that. We’re frankly not going to allow him to cut the things that people need. I want to actually have dental care expanded, I want people to actually start to benefit from the pharmacare legislation we passed,” Singh said. With the NDP’s expected support, the Liberals should survive this next confidence vote brought forward by the Conservatives. The Tories have vowed to bring forward non-confidence motions every chance they get. The party will have two more opposition motions after this one, which are expected to continue to call for non-confidence. The NDP are scheduled to have their opposition day on Friday. Earlier on Tuesday, Singh did acknowledge that the Conservatives have a sizeable lead on the NDP in public opinion polls, while giving a campaign-style speech to visiting party staffers from across the country. Most pollsters in Canada have recorded a roughly 20 point lead for the Conservatives over both the Liberals and NDP for the last few months. The non-confidence vote was scheduled after Speaker Greg Fergus intervened to pause a filibuster on a privilege debate about a green technology fund. The Conservatives have said they would only end that debate if the NDP agree to topple the government or if the Liberals turn over unredacted documents at the centre of the parliamentary gridlock. This report by The Canadian Press was first published Dec. 3, 2024. David Baxter, The Canadian Press
Principal U.S. Small-Cap Multi-Factor ETF ( NASDAQ:PSC – Get Free Report ) saw unusually-high trading volume on Friday after the company announced a dividend. Approximately 103,351 shares changed hands during trading, an increase of 255% from the previous session’s volume of 29,146 shares.The stock last traded at $51.52 and had previously closed at $52.49. The newly announced dividend which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 27th will be given a $0.0795 dividend. The ex-dividend date of this dividend is Friday, December 27th. Principal U.S. Small-Cap Multi-Factor ETF Stock Performance The firm has a fifty day moving average of $53.69 and a 200 day moving average of $51.27. The firm has a market capitalization of $668.87 million, a PE ratio of 9.54 and a beta of 1.19. Institutional Inflows and Outflows About Principal U.S. Small-Cap Multi-Factor ETF ( Get Free Report ) The Principal U.S. Small-Cap Multi-Factor ETF (PSC) is an exchange-traded fund that is based on the Russell 2000 index. The fund is actively managed to invest in small-cap US companies. The fund uses a proprietary, quantitative model to construct the portfolio. PSC was launched on Sep 21, 2016 and is managed by Principal. Recommended Stories Receive News & Ratings for Principal U.S. Small-Cap Multi-Factor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Principal U.S. Small-Cap Multi-Factor ETF and related companies with MarketBeat.com's FREE daily email newsletter .Michigan State just lost a top recruit from its own backyard. Jace Clarizio, a 2025 running back from East Lansing High School, flipped his commitment to Alabama on Tuesday, he announced on social media.
These ASX 200 growth shares could rise 20% to 40%SANTA CLARA, Calif. , Dec. 3, 2024 /PRNewswire/ -- Today Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, announced financial results for its third quarter fiscal year 2025 ended November 3, 2024. "Pure Storage has achieved another industry first in our journey of data storage innovation with a transformational design win for our DirectFlash technology in a top-four hyperscaler," said Pure Storage Chairman and CEO Charles Giancarlo . "This win is the vanguard for Pure Flash technology to become the standard for all hyperscaler online storage, providing unparalleled performance and scalability while also reducing operating costs and power consumption." Third Quarter Financial Highlights Revenue $831.1 million , an increase of 9% year-over-year Subscription services revenue $376.4 million , up 22% year-over-year Subscription annual recurring revenue (ARR) $1.6 billion , up 22% year-over-year Remaining performance obligations (RPO) $2.4 billion , up 16% year-over-year GAAP gross margin 70.1%; non-GAAP gross margin 71.9% GAAP operating income $59.7 million ; non-GAAP operating income $167.3 million GAAP operating margin 7.2%; non-GAAP operating margin 20.1% Q3 operating cash flow $97.0 million ; free cash flow $35.2 million Total cash, cash equivalents, and marketable securities $1.6 billion Returned approximately $182 million in the third quarter to stockholders through share repurchases of 3.6 million shares "Our third quarter results exceeded our expectations on revenue and operating income, demonstrating the sustaining strength of our business models," said Kevan Krysler , Pure Storage CFO. "We remain focused on driving both near-term results and long-term value creation through disciplined investments and innovation that position Pure as the leader in transforming the data storage landscape." Third Quarter Company Highlights Leading the Hyperscale Opportunity: With its industry-first design win with a top-four hyperscaler, Pure Storage is extending its DirectFlash ® technology into massive scale environments today dominated by hard disks. The unmatched capabilities of Pure's DirectFlash ® technology deliver new levels of innovation, performance, and scalability to an industry with demanding requirements, enabling hyperscalers to fully modernize their infrastructure, significantly improve operational efficiency, and dramatically free up scarce electrical power. Pure Storage also deepened its collaboration with Kioxia, a global leader of NAND Flash technology, to develop cutting-edge technology and manufacturing capacity to address the growing need for high-performance, scalable storage infrastructure for tomorrow's hyperscale environments. Advancing Enterprise AI: Pure Storage expanded its ability to serve the world's largest AI training environments with recent certification of FlashBlade//S500 with NVIDIA DGX SuperPOD, which optimizes performance, power, and space efficiency. Pure also entered into a strategic partnership with CoreWeave to better serve AI customers by making Pure Storage available as a standard option within the CoreWeave dedicated cloud environment. With its introduction of the new Pure Storage GenAI Pod, Pure Storage is providing a set of full-stack solutions which reduce the time, cost, and expertise required to deploy generative AI projects. Delivering Platform Innovation: With the Pure Storage platform, Pure is driving the biggest shift in enterprise storage since Flash. Pure Storage will be delivering v2.0 of Pure Fusion TM in its fourth quarter, which will enable customers to create their own enterprise data cloud, opening their data storage environment like the hyperscalers operate theirs. During the quarter Pure Storage unveiled solutions enabling seamless VMware migrations to Microsoft Azure, delivering enterprise-scale flexibility. And the new Pure Storage FlashArray TM with AWS Outposts brings together Amazon Web Services and Pure's enterprise-grade storage on AWS Outposts, giving customers the flexibility to run cloud services on an enterprise-grade storage platform within their own data centers. Industry Recognition and Accolades Leader for Fifth Consecutive Year in the 2024 Gartner ® Magic Quadrant TM for Primary Storage Platforms Leader for Fourth Consecutive Year in the 2024 Gartner ® Magic Quadrant TM for File and Object Storage Platforms Forbes Most Trusted Companies in America 2025 (Ranked #144) Fortune Best Places to Work in Technology 2024 (Ranked #14) Fourth Quarter and FY25 Guidance These statements are forward-looking and actual results may differ materially. Refer to the Forward Looking Statements section below for information on the factors that could cause our actual results to differ materially from these statements. Pure has not reconciled its guidance for non-GAAP operating income and non-GAAP operating margin to their most directly comparable GAAP measures because certain items that impact these measures are not within Pure's control and/or cannot be reasonably predicted. Accordingly, reconciliations of these non-GAAP financial measures guidance to the corresponding GAAP measures are not available without unreasonable effort. Conference Call Information Pure will host a teleconference to discuss the third quarter fiscal 2025 results at 2:00 pm PT today, December 3, 2024. A live audio broadcast of the conference call will be available on the Pure Storage Investor Relations website . Pure will also post its earnings presentation and prepared remarks to this website concurrent with this release. A replay will be available following the call on the Pure Storage Investor Relations website or for two weeks at 1-800-770-2030 (or 1-647-362-9199 for international callers) with passcode 5667482. Additionally, Pure is scheduled to participate at the following investor conferences: Wells Fargo 8th Annual TMT Summit Date: Wednesday, December 4, 2024 Time: 1:30 p.m. PT / 4:30 p.m. ET Chief Technology Officer Rob Lee 27th Annual Needham Growth Conference Date: Thursday, January 16, 2025 Time: 9:45 a.m. PT / 12:45 p.m. ET Founder & Chief Visionary Officer John "Co z" Colgrove Chief Financial Officer Kevan Krysler The presentations will be webcast live and archived on Pure's Investor Relations website at investor.purestorage.com . ---- About Pure Storage Pure Storage (NYSE: PSTG) delivers the industry's most advanced data storage platform to store, manage, and protect the world's data at any scale. With Pure Storage, organizations have ultimate simplicity and flexibility, saving time, money, and energy. From AI to archive, Pure Storage delivers a cloud experience with one unified Storage as-a-Service platform across on premises, cloud, and hosted environments. Our platform is built on our Evergreen architecture that evolves with your business – always getting newer and better with zero planned downtime, guaranteed. Our customers are actively increasing their capacity and processing power while significantly reducing their carbon and energy footprint. It's easy to fall in love with Pure Storage, as evidenced by the highest Net Promoter Score in the industry. For more information, visit www.purestorage.com . Connect with Pure Blog LinkedIn Twitter Facebook Pure Storage, the Pure P Logo, Portworx, and the marks on the Pure Storage Trademark List are trademarks or registered trademarks of Pure Storage Inc. in the U.S. and/or other countries. The Trademark List can be found at purestorage.com/trademarks . Other names may be trademarks of their respective owners. Forward Looking Statements This press release contains forward-looking statements regarding our products, business and operations, including but not limited to our views relating to our opportunity with hyperscale and AI environments, our ability to meet hyperscalers' performance and price requirements, our ability to meet the needs of hyperscalers for the entire spectrum of their online storage use cases, the timing and magnitude of large orders, including sales to hyperscalers, the timing and amount of revenue from hyperscaler licensing and support services, future period financial and business results, demand for our products and subscription services, including Evergreen//One, the relative sales mix between our subscription and consumption offerings and traditional capital expenditure sales, our technology and product strategy, specifically customer priorities around sustainability, the environmental and energy saving benefits to our customers of using our products, our ability to perform during current macro conditions and expand market share, our sustainability goals and benefits, the impact of inflation, economic or supply chain disruptions, our expectations regarding our product and technology differentiation, new customer acquisition, and other statements regarding our products, business, operations and results. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the caption "Risk Factors" and elsewhere in our filings and reports with the U.S. Securities and Exchange Commission, which are available on our Investor Relations website at investor.purestorage.com and on the SEC website at www.sec.gov . Additional information is also set forth in our Annual Report on Form 10-K for the year ended February 4, 2024. All information provided in this release and in the attachments is as of December 3, 2024, and Pure undertakes no duty to update this information unless required by law. Key Performance Metric Subscription ARR is a key business metric that refers to total annualized contract value of all active subscription agreements on the last day of the quarter, plus on-demand revenue for the quarter multiplied by four. Non-GAAP Financial Measures To supplement our unaudited condensed consolidated financial statements, which are prepared and presented in accordance with GAAP, Pure uses the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, and free cash flow. We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Our management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses such as stock-based compensation expense, payments to former shareholders of acquired companies, payroll tax expense related to stock-based activities, amortization of debt issuance costs related to debt, and amortization of intangible assets acquired from acquisitions that may not be indicative of our ongoing core business operating results. Pure believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when analyzing historical performance and liquidity and planning, forecasting, and analyzing future periods. The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP, and our non-GAAP measures may be different from non-GAAP measures used by other companies. For a reconciliation of these non-GAAP financial measures to GAAP measures, please see the tables captioned "Reconciliations of non-GAAP results of operations to the nearest comparable GAAP measures" and "Reconciliation from net cash provided by operating activities to free cash flow," included at the end of this release.
LAHAINA, Hawaii (AP) — Andrej Jakimovski converted an off-balance layup with 8 seconds left, and Colorado handed No. 2 UConn its second loss in two days at the Maui Invitational, beating the two-time defending national champion 73-72 on Tuesday. A day after to Memphis that left about the officiating, UConn (4-2) couldn't shake the unranked Buffaloes (5-1), who shot 62.5% in the second half. With Colorado trailing 72-71 in the closing seconds, Jakimovski drove to his right and absorbed contact from UConn’s Liam McNeeley. He tossed the ball toward the glass and the shot was good as he fell to the floor. Hassan Diarra missed a 3-pointer just ahead of the buzzer for UConn. Elijah Malone and Julian Hammond III scored 16 points each for Colorado, and Jakimovski had 12 points and 10 rebounds. The Huskies led 40-32 at halftime and by nine points early in the second half, but Colorado quickly closed that gap. McNeeley led UConn with 20 points. UConn: Hurley's squad is facing its first adversity in quite a while. The Huskies arrived on Maui with a 17-game winning streak that dated to February. Colorado: The Buffaloes were held to season lows in points (56) and field goal percentage (37%) in a 16-point loss to Michigan State on Monday but shot 51.1% overall and 56.3% (9 of 16) from 3-point range against the Huskies. Hurley called timeout to set up the Huskies' final possession, but the Buffs forced them to take a contested 3. Colorado had a 28-26 rebounding advantage after being out-rebounded 42-29 by Michigan State. Colorado will play the Iowa-Dayton winner in the fifth-place game on Wednesday. UConn will play the loser of that matchup in the seventh-place game. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up . AP college basketball: and .Awarded industry-first design win from a top-four hyperscaler SANTA CLARA, Calif. , Dec. 3, 2024 /PRNewswire/ -- Today Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, announced financial results for its third quarter fiscal year 2025 ended November 3, 2024. "Pure Storage has achieved another industry first in our journey of data storage innovation with a transformational design win for our DirectFlash technology in a top-four hyperscaler," said Pure Storage Chairman and CEO Charles Giancarlo . "This win is the vanguard for Pure Flash technology to become the standard for all hyperscaler online storage, providing unparalleled performance and scalability while also reducing operating costs and power consumption." Third Quarter Financial Highlights "Our third quarter results exceeded our expectations on revenue and operating income, demonstrating the sustaining strength of our business models," said Kevan Krysler , Pure Storage CFO. "We remain focused on driving both near-term results and long-term value creation through disciplined investments and innovation that position Pure as the leader in transforming the data storage landscape." Third Quarter Company Highlights Industry Recognition and Accolades Fourth Quarter and FY25 Guidance Q4FY25 Revenue $867M Revenue YoY Growth Rate 9.7 % Non-GAAP Operating Income $135M Non-GAAP Operating Margin 15.6 % FY25 Revenue $3.15B Revenue YoY Growth Rate 11.5 % Non-GAAP Operating Income $540M Non-GAAP Operating Margin 17 % These statements are forward-looking and actual results may differ materially. Refer to the Forward Looking Statements section below for information on the factors that could cause our actual results to differ materially from these statements. Pure has not reconciled its guidance for non-GAAP operating income and non-GAAP operating margin to their most directly comparable GAAP measures because certain items that impact these measures are not within Pure's control and/or cannot be reasonably predicted. Accordingly, reconciliations of these non-GAAP financial measures guidance to the corresponding GAAP measures are not available without unreasonable effort. Conference Call Information Pure will host a teleconference to discuss the third quarter fiscal 2025 results at 2:00 pm PT today, December 3, 2024. A live audio broadcast of the conference call will be available on the Pure Storage Investor Relations website . Pure will also post its earnings presentation and prepared remarks to this website concurrent with this release. A replay will be available following the call on the Pure Storage Investor Relations website or for two weeks at 1-800-770-2030 (or 1-647-362-9199 for international callers) with passcode 5667482. Additionally, Pure is scheduled to participate at the following investor conferences: Wells Fargo 8th Annual TMT Summit Date: Wednesday, December 4, 2024 Time: 1:30 p.m. PT / 4:30 p.m. ET Chief Technology Officer Rob Lee 27th Annual Needham Growth Conference Date: Thursday, January 16, 2025 Time: 9:45 a.m. PT / 12:45 p.m. ET Founder & Chief Visionary Officer John "Co z" Colgrove Chief Financial Officer Kevan Krysler The presentations will be webcast live and archived on Pure's Investor Relations website at investor.purestorage.com . ---- About Pure Storage Pure Storage (NYSE: PSTG) delivers the industry's most advanced data storage platform to store, manage, and protect the world's data at any scale. With Pure Storage, organizations have ultimate simplicity and flexibility, saving time, money, and energy. From AI to archive, Pure Storage delivers a cloud experience with one unified Storage as-a-Service platform across on premises, cloud, and hosted environments. Our platform is built on our Evergreen architecture that evolves with your business – always getting newer and better with zero planned downtime, guaranteed. Our customers are actively increasing their capacity and processing power while significantly reducing their carbon and energy footprint. It's easy to fall in love with Pure Storage, as evidenced by the highest Net Promoter Score in the industry. For more information, visit www.purestorage.com . Connect with Pure Blog LinkedIn Twitter Facebook Pure Storage, the Pure P Logo, Portworx, and the marks on the Pure Storage Trademark List are trademarks or registered trademarks of Pure Storage Inc. in the U.S. and/or other countries. The Trademark List can be found at purestorage.com/trademarks . Other names may be trademarks of their respective owners. Forward Looking Statements This press release contains forward-looking statements regarding our products, business and operations, including but not limited to our views relating to our opportunity with hyperscale and AI environments, our ability to meet hyperscalers' performance and price requirements, our ability to meet the needs of hyperscalers for the entire spectrum of their online storage use cases, the timing and magnitude of large orders, including sales to hyperscalers, the timing and amount of revenue from hyperscaler licensing and support services, future period financial and business results, demand for our products and subscription services, including Evergreen//One, the relative sales mix between our subscription and consumption offerings and traditional capital expenditure sales, our technology and product strategy, specifically customer priorities around sustainability, the environmental and energy saving benefits to our customers of using our products, our ability to perform during current macro conditions and expand market share, our sustainability goals and benefits, the impact of inflation, economic or supply chain disruptions, our expectations regarding our product and technology differentiation, new customer acquisition, and other statements regarding our products, business, operations and results. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the caption "Risk Factors" and elsewhere in our filings and reports with the U.S. Securities and Exchange Commission, which are available on our Investor Relations website at investor.purestorage.com and on the SEC website at www.sec.gov . Additional information is also set forth in our Annual Report on Form 10-K for the year ended February 4, 2024. All information provided in this release and in the attachments is as of December 3, 2024, and Pure undertakes no duty to update this information unless required by law. Key Performance Metric Subscription ARR is a key business metric that refers to total annualized contract value of all active subscription agreements on the last day of the quarter, plus on-demand revenue for the quarter multiplied by four. Non-GAAP Financial Measures To supplement our unaudited condensed consolidated financial statements, which are prepared and presented in accordance with GAAP, Pure uses the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, and free cash flow. We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Our management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses such as stock-based compensation expense, payments to former shareholders of acquired companies, payroll tax expense related to stock-based activities, amortization of debt issuance costs related to debt, and amortization of intangible assets acquired from acquisitions that may not be indicative of our ongoing core business operating results. Pure believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when analyzing historical performance and liquidity and planning, forecasting, and analyzing future periods. The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP, and our non-GAAP measures may be different from non-GAAP measures used by other companies. For a reconciliation of these non-GAAP financial measures to GAAP measures, please see the tables captioned "Reconciliations of non-GAAP results of operations to the nearest comparable GAAP measures" and "Reconciliation from net cash provided by operating activities to free cash flow," included at the end of this release. PURE STORAGE, INC. Condensed Consolidated Balance Sheets (in thousands, unaudited) At the End of Third Quarter of Fiscal 2025 Fiscal 2024 Assets Current assets: Cash and cash equivalents $ 894,569 $ 702,536 Marketable securities 753,960 828,557 Accounts receivable, net of allowance of $956 and $1,060 578,224 662,179 Inventory 41,571 42,663 Deferred commissions, current 86,839 88,712 Prepaid expenses and other current assets 204,485 173,407 Total current assets 2,559,648 2,498,054 Property and equipment, net 431,353 352,604 Operating lease right-of-use-assets 157,574 129,942 Deferred commissions, non-current 210,671 215,620 Intangible assets, net 23,039 33,012 Goodwill 361,427 361,427 Restricted cash 11,249 9,595 Other assets, non-current 99,504 55,506 Total assets $ 3,854,465 $ 3,655,760 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 102,021 $ 82,757 Accrued compensation and benefits 155,652 250,257 Accrued expenses and other liabilities 141,846 135,755 Operating lease liabilities, current 47,941 44,668 Deferred revenue, current 897,174 852,247 Debt, current 100,000 — Total current liabilities 1,444,634 1,365,684 Long-term debt — 100,000 Operating lease liabilities, non-current 146,390 123,201 Deferred revenue, non-current 784,282 742,275 Other liabilities, non-current 68,573 54,506 Total liabilities 2,443,879 2,385,666 Stockholders' equity: Common stock and additional paid-in capital 2,821,010 2,749,627 Accumulated other comprehensive income (loss) 1,023 (3,782) Accumulated deficit (1,411,447) (1,475,751) Total stockholders' equity 1,410,586 1,270,094 Total liabilities and stockholders' equity $ 3,854,465 $ 3,655,760 PURE STORAGE, INC. Condensed Consolidated Statements of Operations (in thousands, except per share data, unaudited) Third Quarter of Fiscal First Three Quarters of Fiscal 2025 2024 2025 2024 Revenue: Product $ 454,735 $ 453,277 $ 1,204,714 $ 1,161,978 Subscription services 376,337 309,561 1,083,608 878,838 Total revenue 831,072 762,838 2,288,322 2,040,816 Cost of revenue: Product (1) 154,970 126,770 385,446 343,588 Subscription services (1) 93,180 83,321 284,168 244,541 Total cost of revenue 248,150 210,091 669,614 588,129 Gross profit 582,922 552,747 1,618,708 1,452,687 Operating expenses: Research and development (1) 200,086 182,100 589,396 549,923 Sales and marketing (1) 255,830 231,707 757,069 696,885 General and administrative (1) 67,319 64,729 213,551 192,944 Restructuring and impairment (2) — — 15,901 16,766 Total operating expenses 523,235 478,536 1,575,917 1,456,518 Income (loss) from operations 59,687 74,211 42,791 (3,831) Other income (expense), net 17,156 5,184 50,684 23,619 Income before provision for income taxes 76,843 79,395 93,475 19,788 Income tax provision 13,204 9,006 29,171 23,915 Net income (loss) $ 63,639 $ 70,389 $ 64,304 $ (4,127)
Some quotations from Jimmy Carter: We have a tendency to exalt ourselves and to dwell on the weaknesses and mistakes of others. I have come to realize that in every person there is something fine and pure and noble, along with a desire for self-fulfillment. Political and religious leaders must attempt to provide a society within which these human attributes can be nurtured and enhanced. — from 1975 book “Why Not the Best?” Our government can express the highest common ideals of human beings — if we demand of government true standards of excellence. At this Bicentennial time of introspection and concern, we must demand such standards. — “Why Not the Best?” I am a Southerner and an American, I am a farmer, an engineer, a father and husband, a Christian, a politician and former governor, a planner, a businessman, a nuclear physicist, a naval officer, a canoeist, and among other things a lover of Bob Dylan’s songs and Dylan Thomas’s poetry. — “Why Not the Best?” Christ said, “I tell you that anyone who looks on a woman with lust has in his heart already committed adultery.” I’ve looked on a lot of women with lust. I’ve committed adultery in my heart many times. This is something that God recognizes I will do — and I have done it — and God forgives me for it. But that doesn’t mean that I condemn someone who not only looks on a woman with lust but who leaves his wife and shacks up with somebody out of wedlock. — Interview, November 1976 Playboy. This inauguration ceremony marks a new beginning, a new dedication within our Government, and a new spirit among us all. A President may sense and proclaim that new spirit, but only a people can provide it. — Inaugural address, January 1977. It’s clear that the true problems of our nation are much deeper — deeper than gasoline lines or energy shortages, deeper even than inflation and recession. ... All the legislation in the world can’t fix what’s wrong with America. ... It is a crisis of confidence. — So-called “malaise” speech, July 1979. But we know that democracy is always an unfinished creation. Each generation must renew its foundations. Each generation must rediscover the meaning of this hallowed vision in the light of its own modern challenges. For this generation, ours, life is nuclear survival; liberty is human rights; the pursuit of happiness is a planet whose resources are devoted to the physical and spiritual nourishment of its inhabitants. — Farewell Address, January 1981. We appreciate the past. We are grateful for the present and we’re looking forward to the future with great anticipation and commitment. — October 1986, at the dedication of the Carter Presidential Library and Museum. War may sometimes be a necessary evil. But no matter how necessary, it is always an evil, never a good. We will not learn to live together in peace by killing each other’s children. — December 2002, Nobel Peace Prize acceptance speech. Fundamentalists have become increasingly influential in both religion and government, and have managed to change the nuances and subtleties of historic debate into black-and-white rigidities and the personal derogation of those who dare to disagree. ... The influence of these various trends poses a threat to many of our nation’s historic customs and moral commitments, both in government and in houses of worship. — From 2005 book “Our Endangered Values.” I think that this breakthrough by Barack Obama has been remarkable. When he made his speech (on race) a few months ago in Philadelphia, I wept. I sat in front of the television and cried, because I saw that as the most enlightening and transforming analysis of racism and a potential end of it that I ever saw in my life. — August 2008, commenting on then-Sen. Barack Obama’s candidacy. I think it’s based on racism. There is an inherent feeling among many in this country that an African-American should not be president. ... No matter who he is or how much we disagree with his policies, the president should be treated with respect. — September 2009, reacting to Rep. Joe Wilson’s shout of “You lie!” during a speech to Congress by President Barack Obama. I’m still determined to outlive the last guinea worm. — 2010, on The Carter Center’s work to eradicate guinea worm disease. You know how much I raised to run against Gerald Ford? Zero. You know how much I raised to run against Ronald Reagan? Zero. You know how much will be raised this year by all presidential, Senate and House campaigns? $6 billion. That’s 6,000 millions. — September 2012, reacting to the 2010 “Citizens United” U.S. Supreme Court decision permitting unlimited third-party political spending. I have become convinced that the most serious and unaddressed worldwide challenge is the deprivation and abuse of women and girls, largely caused by a false interpretation of carefully selected religious texts and a growing tolerance of violence and warfare, unfortunately following the example set during my lifetime by the United States. — From 2014 book “A Call to Action.” I don’t think there’s any doubt now that the NSA or other agencies monitor or record almost every telephone call made in the United States, including cellphones, and I presume email as well. We’ve gone a long way down the road of violating Americans’ basic civil rights, as far as privacy is concerned. — March 2014, commenting on U.S. intelligence monitoring after the Sept. 11, 2001, terror attacks We accept self-congratulations about the wonderful 50th anniversary – which is wonderful – but we feel like Lyndon Johnson did it and we don’t have to do anything anymore. — April 2014, commenting on racial inequality during a celebration of the Civil Rights Act’s 40th anniversary. I had a very challenging question at Emory (University) the other night: “How would you describe the United States of America today in one word?” And I didn’t know what to say for a few moments, but I finally said, “Searching.” I think the country in which we live is still searching for what it ought to be, and what it can be, and I’m not sure we’re making much progress right at this moment. — October 2014 during a celebration of his 90th birthday. The life we have now is the best of all. We have an expanding and harmonious family, a rich life in our church and the Plains community, and a diversity of projects at The Carter Center that is adventurous and exciting. Rosalynn and I have visited more than 145 countries, and both of us are as active as we have ever been. We are blessed with good health and look to the future with eagerness and confidence, but are prepared for inevitable adversity when it comes. — From 2015 book, “A Full Life.”
Rio Tinto to invest US$2.5 bn to boost Argentina lithium outputCanadian freestyle skier star Mikael Kingsbury is juggling both moguls and fatherhood. The 32-year-old Olympic and world champion from Deux-Montagnes, Que., opens his World Cup season Saturday in Ruka, Finland, with partner Laurence Mongeon and their infant son Henrik in tow. Henrik was born Aug. 25. "It changes your life, that's for sure," Kingsbury said Tuesday from Ruka in a media conference call. "Get used to waking up in the middle of the night, but at the same time, it is the most beautiful thing in the world. "It brings a beautiful balance to my career." While Kingsbury acknowledges there are great hockey players named Henrik, he says the inspiration for the name was his niece liking a boy named Henrik in her kindergarten class. "I always liked the name anyway," Kingsbury said. "Laurence and I agree it fits his face. "I didn't ski as much this summer because I wanted to be home and I wanted to be present. We're five weeks on the road for the start of this season, so I couldn't see myself doing five weeks without seeing my kid. "I would have missed my family too much, so I brought them on the road for three weeks." Regarded as the most dominant moguls skier of all time, the Canadian achieved another significant milestone last season when he surpassed Swedish alpine skier Ingemar Stenmark for the most all-time World Cup victories by a male athlete in any ski discipline. Kingsbury embarks on his 16th World Cup season with a career 90 victories. He's finished in the medals in 129 of 151 career World Cup starts. But while Kingsbury claimed last season's dual moguls crown, Japan's Ikuma Horishima challenged Kingsbury's reign by claiming his first crystal globe in moguls. "The mindset is still the same. The goals are still the same," Kingsbury said. "Coming into the season, I want to focus on one race at a time. That's how you get to a crystal globe. "The main focus is being consistent, staying healthy to start the season, try to get the momentum of the start and stay healthy until the end of this season. "I usually start strong, and I can finish very strong, and that's how you win crystal globes." Kingsbury won an Olympic moguls gold medal in 2018 and silver in both 2014 and 2022. Dual moguls makes its Olympic debut in 2026 in Milan-Cortina, Italy. Kingsbury has swept both moguls and dual moguls gold medals in three straight world championships. He'll attempt the double a fourth time March 18-21 in Engadin, Switzerland. "Henrik and my family now are my priority and skiing comes second, but I know I can still win," Kingsbury said. "It's going to be different. My family is going to be home and it might be a bit more difficult, but at the same time I see a lot of positive in being a dad. I feel way more relaxed on the mountain." One secret to Kingsbury's success has been his durability. His only major injury hiccup so far was fracturing two vertebrae in his back training in Ruka ahead of the 2020-21 season. Kingsbury sat out the first three World Cups and won the fourth upon return to action. He's closer to the end of his career than the beginning, so quality training, not quantity, is important to him. "As I get older, I cannot do too much, but I've got to do the right amount and make sure I can peak in 2026," he explained. "The challenge is going to be the best dad I can and the best skier I can and try to manage in the middle. It's never going to be perfect, but I'm to do as best as I can and make sure I'm ready in 2026. "I feel fortunate for all the team (members) that I have around me, teammates, and all the coaches and staff that are working with me. They're going to make my life easy when it's going to be difficult." This report by The Canadian Press was first published Nov. 26, 2024. Donna Spencer, The Canadian Press
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