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NEW YORK--(BUSINESS WIRE)--Dec 4, 2024-- iHeartMedia, Inc. (NASDAQ: IHRT) (“iHeartMedia”, the “Company” or “we”) today announced that, as of 5:00 p.m., New York City time, on November 29, 2024, $750,585,122 aggregate principal amount (93.8%) of iHeartCommunications, Inc.’s (“Communications”) outstanding 6.375% Senior Secured Notes due 2026 (the “Existing 2026 Secured Notes”), $743,023,000 aggregate principal amount (99.1%) of Communications’ outstanding 5.25% Senior Secured Notes due 2027 (the “Existing 2027 Secured Notes”), $221,587,000 aggregate principal amount (44.3%) of Communications’ outstanding 4.75% Senior Secured Notes due 2028 (the “Existing 2028 Secured Notes” and, together with the Existing 2026 Secured Notes and Existing 2027 Secured Notes, the “Existing Secured Notes”) and $843,734,539 aggregate principal amount (92.1%) of Communications’ outstanding 8.375% Senior Notes due 2027 (the “Existing Unsecured Notes” and, together with the Existing Secured Notes, the “Existing Notes”) had tendered and delivered consents in the previously announced exchange offers (the “Notes Exchange Offers”) for the Existing Notes and concurrent consent solicitations (the “Notes Consent Solicitations”) to amend certain provisions in the indentures governing the Existing Notes pursuant to the terms and conditions described in the Confidential Offering Memorandum and Consent Solicitation Statement, dated November 15, 2024 (the “Offering Memorandum”), and that $2,254,656,962 aggregate principal amount (99.5%) of Communications’ outstanding term loans (the “Existing Term Loans” and, together with the Existing Notes, the “Existing Debt”) had agreed to participate and delivered consents in the previously announced exchange offer (the “Term Loan Exchange” and, together with the Notes Exchange Offers, the “Offers”) for the Existing Term Loans and consent solicitation (the “Term Loan Consent Solicitation” and, together with the Notes Consent Solicitations, the “Consent Solicitations”) to amend certain provisions in the credit agreement governing the Existing Term Loans (the “Existing Term Loan Credit Agreement”) in connection with the Term Loan Exchange, representing a total participation of $4,813,586,623 aggregate principal amount (92.0%) of the Existing Debt in the Offers as of such time (the “Early Tender/Participation Debt”). Amendments to the Offers and Consent Solicitations Additionally, Communications announced certain amendments to the Notes Exchange Offers and Notes Consent Solicitations as follows: Communications also announced that corresponding amendments (as applicable) were made to the terms of the Term Loan Exchange and Term Loan Consent Solicitation. The New Comprehensive Condition has been satisfied as of the date hereof and, subject to the satisfaction or waiver of the other conditions set forth in the Offering Memorandum, as amended, Communications intends to consummate the Comprehensive Offers. Holders are referred to the Offering Memorandum, as amended, for the detailed terms and conditions of the Notes Exchange Offers and Notes Consent Solicitations with respect to the Existing Notes, all of which remain unchanged except as set forth in this release. Important Information Eligible Holders of the Existing Notes who wish to participate in the Notes Exchange Offers and Notes Consent Solicitations must tender all their Existing Notes across each series in the Notes Exchange Offers (and deliver consents in the related Notes Consent Solicitations) and shall not be permitted to tender in only one or a subset of the foregoing. In addition, such Eligible Holders will be deemed to have delivered consents for each proposed amendment applicable to the indentures governing their Existing Notes. There are no withdrawal or revocation rights in connection with any of the Notes Exchange Offers. As a result, any tenders of Existing Notes and delivery of the related consents will be final and irrevocable. None of the Issuers, their advisors, the trustee of the Existing Notes, the trustee with respect to the new notes, as applicable, the Exchange and Information Agent (as defined below) or any affiliate of any of them, makes any recommendation as to whether Eligible Holders of Existing Notes should participate in the Notes Exchange Offers and Notes Consent Solicitations, and no one has been authorized by any of them to make such a recommendation. Eligible Holders of Existing Notes should read carefully the Offering Memorandum, as amended, before making a decision to participate in the Notes Exchange Offers and the Notes Consent Solicitations. In addition, Eligible Holders of the Existing Notes must make their own decisions as to whether to tender their Existing Notes in the Notes Exchange Offers and provide consent in the related Notes Consent Solicitation. The Notes Exchange Offers and Notes Consent Solicitations are conditioned upon the satisfaction or waiver of the conditions set forth in the Offering Memorandum, as amended, and, other than the amendments described above, the other terms and conditions of the Notes Exchange Offers and Notes Consent Solicitations remain unchanged. The Notes Exchange Offers are being made, and the new notes to be issued by the Issuers in the Notes Exchange Offers are being offered and issued, only to holders of Existing Notes that are either (i) persons who are reasonably believed to be “qualified institutional buyers” as defined in Rule 144A under the Securities Act or (ii) persons other than “U.S. persons” as defined in Regulation S who agree to purchase any such new notes outside of the United States and who are otherwise in compliance with the requirements of Regulation S. The Issuers are not making the Notes Exchange Offers in any jurisdiction where the inclusion of any person in such jurisdiction would require the Issuers or any subsidiary of the Issuers to comply with registration requirements or other similar requirements under any securities laws of such jurisdiction. The holders of Existing Notes who have certified to us that they are eligible to participate in the Notes Exchange Offers pursuant to at least one of the foregoing conditions are referred to as “Eligible Holders.” Only Eligible Holders of Existing Notes may receive a copy of the Offering Memorandum and the amendment thereto (such amendment, the “Supplement”) and participate in the Notes Exchange Offers and the Notes Consent Solicitations. The Exchange and Information Agent is Kroll Issuer Services (US) (the “Exchange and Information Agent”). Detailed instructions regarding how Eligible Holders of Existing Notes can tender Existing Notes and deliver consents with respect to the Notes Consent Solicitations are set forth in the Offering Memorandum, as amended. Questions concerning the Notes Exchange Offers or Notes Consent Solicitations or requests for additional copies of the Offering Memorandum, the Supplement or other related documents may be directed to the Exchange and Information Agent at iheart@is.kroll.com . Eligible Holders of the Existing Notes should also consult their broker, dealer, commercial bank, trust company or other institution for assistance concerning the Notes Exchange Offers and the Notes Consent Solicitations. This communication is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security and does not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful. Simpson Thacher & Bartlett LLP served as counsel and PJT Partners served as financial advisor to the Company. Davis Polk & Wardwell LLP served as counsel and Perella Weinberg Partners served as financial advisor to an ad hoc group of certain of the Supporting Holders. Forward-Looking Statements Certain statements herein constitute “forward-looking statements”. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors which may cause the actual results, performance or achievements of iHeartMedia, Inc. and its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The words or phrases "guidance," "believe," "expect," "anticipate," "will," "potential," "positioned," "estimates," "forecast," and words of similar meaning, as well as other words or expressions referencing future events, conditions or circumstances are intended to identify such forward-looking statements. These statements include, but are not limited to, statements related to the transactions described above, including the Company’s ability to complete any of the transactions on the terms contemplated herein, on the timeline contemplated or at all, and the Company’s ability to realize the intended benefits of any such transactions. In addition, any statements that refer to expectations or other characterizations of future events or circumstances, such as statements about our anticipated growth and financial performance, our expected costs savings and other capital and operating expense reduction initiatives, utilizing new technologies and programmatic platforms, trends in the advertising industry, and strategies and initiatives are forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other important factors, some of which are beyond our control and are difficult to predict. Various risks that could cause future results to differ from those expressed by the forward-looking statements included in this press release include, but are not limited to: risks related to weak or uncertain global economic conditions and our dependence on advertising revenues; competition, including increased competition from alternative media platforms and technologies; dependence upon our brand and the performance of on-air talent, program hosts and management; fluctuations in operating costs; technological and industry changes and innovations; shifts in population and other demographics; risks related to our use of artificial intelligence, impact of acquisitions, dispositions and other strategic transactions; risks related to our indebtedness; legislative or regulatory requirements; impact of legislation, ongoing litigation or royalty audits on music licensing and royalties; regulations and concerns regarding privacy and data protection and breaches of information security measures; risks related to scrutiny of environmental, social and governance matters; risks related to our Class A common stock; and regulations impacting our business and the ownership of our securities. Other unknown or unpredictable factors also could have material adverse effects on the Company’s future results, performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this press release may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date hereof. Additional risks that could cause future results to differ from those expressed by any forward-looking statement are described in the Company’s reports filed with the U.S. Securities and Exchange Commission, including in the section entitled “Part I, Item 1A. Risk Factors” of iHeartMedia, Inc.’s Annual Reports on Form 10-K and “Part II, Item 1A. Risk Factors” of iHeartMedia, Inc.’s Quarterly Reports on Form 10-Q. The Company does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise. About iHeartMedia, Inc. iHeartMedia, Inc. [Nasdaq: IHRT] is the leading audio media company in America, reaching over 90% of Americans every month. iHeart’s broadcast radio assets alone have more consumer reach in the U.S. than any other media outlet; twice the reach of the next largest broadcast radio company; and over four times the ad-enabled reach of the largest digital only audio service. iHeart is the largest podcast publisher according to Podtrac, with more downloads than the next two podcast publishers combined and has the number one social footprint among audio players, with seven times more followers than the next audio media brand, and the only fully integrated audio ad tech solution across broadcast, streaming and podcasts. The company continues to leverage its strong audience connection and unparalleled consumer reach to build new platforms, products and services. View source version on businesswire.com : https://www.businesswire.com/news/home/20241204802225/en/ CONTACT: Media Wendy Goldberg Chief Communications Officer (212) 377-1105 wendygoldberg@iheartmedia.comInvestors Mike McGuinness EVP, Deputy CFO, and Head of Investor Relations (212) 377-1336 mbm@iheartmedia.com KEYWORD: UNITED STATES NORTH AMERICA NEW YORK INDUSTRY KEYWORD: PODCAST TV AND RADIO MEDIA MUSIC COMMUNICATIONS ONLINE EVENTS/CONCERTS ENTERTAINMENT SOURCE: iHeartMedia, Inc. Copyright Business Wire 2024. PUB: 12/04/2024 05:47 PM/DISC: 12/04/2024 05:47 PM http://www.businesswire.com/news/home/20241204802225/en
By CHRISTOPHER RUGABER WASHINGTON (AP) — President-elect Donald Trump on Tuesday named Andrew Ferguson as the next chair of the Federal Trade Commission . He will replace Lina Khan, who became a lightning rod for Wall Street and Silicon Valley by blocking billions of dollars’ worth of corporate acquisitions and suing Amazon and Meta while alleging anticompetitive behavior . Ferguson is already one of the FTC’s five commissioners, which is currently made up of three Democrats and two Republicans. “Andrew has a proven record of standing up to Big Tech censorship, and protecting Freedom of Speech in our Great Country,” Trump wrote on Truth Social, adding, “Andrew will be the most America First, and pro-innovation FTC Chair in our Country’s History.” Related Articles National Politics | Donald Trump is returning to the world stage. So is his trolling National Politics | Biden issues veto threat on bill expanding federal judiciary as partisan split emerges National Politics | Trump lawyers and aide hit with 10 additional felony charges in Wisconsin over 2020 fake electors National Politics | After withdrawing as attorney general nominee, Matt Gaetz lands a talk show on OANN television National Politics | What will happen to Social Security under Trump’s tax plan? The replacement of Khan likely means that the FTC will operate with a lighter touch when it comes to antitrust enforcement. The new chair is expected to appoint new directors of the FTC’s antitrust and consumer protection divisions. “These changes likely will make the FTC more favorable to business than it has been in recent years, though the extent to which is to be determined,” wrote Anthony DiResta, a consumer protection attorney at Holland & Knight, in a recent analysis . Deals that were blocked by the Biden administration could find new life with Trump in command. For example, the new leadership could be more open to a proposed merger between the country’s two biggest supermarket chains, Kroger and Albertsons, which forged a $24.6 billion deal to combine in 2022. Two judges halted the merger Tuesday night. The FTC had filed a lawsuit in federal court earlier this year to block the merger, claiming the deal would eliminate competition, leading to higher prices and lower wages for workers. The two companies say a merger would help them lower prices and compete against bigger rivals like Walmart. One of the judges said the FTC had shown it was likely to prevail in the administrative hearing. Yet given the widespread public concern over high grocery prices, the Trump administration may not fully abandon the FTC’s efforts to block the deal, some experts have said. And the FTC may continue to scrutinize Big Tech firms for any anticompetitive behavior. Many Republican politicians have accused firms such as Meta of censoring conservative views, and some officials in Trump’s orbit, most notably Vice President-elect JD Vance, have previously expressed support for Khan’s scrutiny of Big Tech firms. In addition to Fergson, Trump also announced Tuesday that he had selected Jacob Helberg as the next undersecretary of state for economic growth, energy and the environment.Santa Clara, CA and Kyoto, Japan, Dec. 04, 2024 (GLOBE NEWSWIRE) -- ROHM Semiconductor today announced the adoption of its EcoSiCTM products, including SiC MOSFETs and SiC Schottky barrier diodes (SBDs) in the HFA/HCA series of 3.5kW output AC-DC power supply units for 3-phase applications from COSEL, a leading power supply manufacturer in Japan. Incorporating ROHM’s SiC MOSFETs and SiC SBDs into the forced-air-cooled HFA series and conduction-cooled HCA series achieves up to 94% efficiency. The HCA series has been mass produced since 2023, while the HFA series began mass production in 2024. Many industrial applications that handle high power in the industrial sector, including MRI machines and CO2 lasers, require 3-phase power supplies that differ from the single-phase power supplies used in households. COSEL’s AC-DC power supply units – equipped with ROHM’s EcoSiC technology that excels in high-temperature, high-frequency, high-voltage environments – are compatible with 3-phase power supplies from 200VAC to 480VAC, contributing to improved power supply efficiency across a wide range of industrial equipment worldwide. Jun Uchida, General Manager, New Product Development Dept. 2, COSEL Co., Ltd. “The HFA/HCA series achieves high efficiency, despite delivering a high-power output of 3.5kW, by incorporating ROHM's low-loss SiC power devices. Operating at high input voltages typically poses a challenge in reducing losses in high-voltage power devices, but using SiC power devices translates to significantly lower losses compared to conventional solutions, resulting in power supplies that maintain high efficiency and power density even under demanding high-power conditions.” Akihiro Hikasa, Group General Manager, Power Devices Business Unit, SiC Business Section, ROHM Co., Ltd. “We are delighted to support COSEL, an industry leader in power supply systems, by providing SiC power devices. A leading company in SiC power devices, ROHM also provides comprehensive power solutions that combine peripheral components. In addition, by addressing customer issues, we also improve device performance by incorporating the insights gained into our products. Going forward, we will continue to collaborate with COSEL to contribute to a sustainable society by enhancing the efficiency of industrial equipment that handle large amounts of power.” HFA/HCA Series 3.5kW Output AC-DC Power Supply Units for 3-Phase Power Supplies The HFA/HCA series are 3.5kW power supplies featuring a wide input range (200VAC to 480VAC) that meets global power supply requirements. This allows them to be used anywhere in the world without the need to modify the power supply for each region, contributing to the standardization of application designs. The forced-air-cooled HFA series and conduction-cooled HCA series models (selectable based on operating environment) are available in 48V and 65V output voltage variants that can be used as power sources for a variety of high-power applications, such as laser generation and MRI. About COSEL Co., Ltd. Since its founding in 1969, COSEL has contributed to the advancement of customers and society by providing products and services centered on DC stabilized power supplies. Looking ahead, COSEL is dedicated to continued growth by focusing on power conversion technology to create value that aligns with customer needs. As the demand to address uncertainty and environmental concerns increases, we remain committed to being a trusted company by deepening core technologies while leveraging rapidly evolving digital technologies and ensuring swift, flexible responses, guided by our management philosophy of placing quality first. For more information, please visit https://en.cosel.co.jp/ About ROHM Co., Ltd. ROHM, a leading semiconductor and electronic component manufacturer, was established in 1958. From the automotive and industrial equipment markets to the consumer and communication sectors, ROHM supplies ICs, discretes, and electronic components featuring superior quality and reliability through a global sales and development network. The company’s strengths in the analog and power markets allow ROHM to propose optimized solutions for entire systems that combine peripheral components (i.e., transistors, diodes, resistors) with the latest SiC power devices, as well as drive ICs that maximize their performance. For more information, please visit https://www.rohm.com/ Supporting Information An overview of SiC power devices that includes SiC MOSFETs, SiC SBDs, and SiC power modules (together with various support content that provides an introduction and enables quick evaluation of 4th generation SiC MOSFETs) can be found on ROHM’s dedicated SiC webpage: https://www.rohm.com/products/sic-power-devices EcoSiCTM Brand EcoSiC is a brand of devices that utilize silicon carbide, which is attracting attention in the power device field for performance that surpasses silicon. ROHM independently develops technologies essential for the advancement of SiC, from wafer fabrication and production processes to packaging, and quality control methods. At the same time, the company has established an integrated production system throughout the manufacturing process, solidifying their position as a leading SiC supplier. EcoSiCTM is a trademark or registered trademark of ROHM Co., Ltd. Attachment Keng Ly ROHM Semiconductor (248) 348-9920 kly@rohmsemiconductor.com Heather Savage BWW Communications (408) 507-4398 heather.savage@bwwcomms.com
Tennessee-Based Company Will Have Exclusive Rights to Produce a Range of Merchandise, Including Tents, Chairs, Soft-Sided Coolers, and More, for Jackson State University FRANKLIN, TN / ACCESSWIRE / November 25, 2024 / Logo Brands, Inc. is thrilled to announce its newest 10-year strategic partnership with Jackson State University, marking the company's first HBCU Strategic Partnership. Under this agreement, Logo Brands will have exclusive rights to manufacture, produce, and distribute officially licensed Jackson State tents, chairs, tables, soft-sided coolers, stadium seating, throws, and inflatable sports balls to retailers nationwide. Beyond these categories, Logo Brands will continue to offer a diverse range of products, including home textiles, totes, and drinkware for the Tigers. Maggie McHugh, VP of Strategic Partnerships and Marketing, Logo Brands, shared her enthusiasm for the partnership. "Jackson State University boasts a rich history of resilience and a steadfast commitment to excellence. As one of the nation's premier historically Black colleges and universities, JSU is renowned for its impactful research and dedication to community uplift. We are thrilled to partner with the university to offer a diverse range of products that students, faculty, staff, and fans can enjoy for many years to come." In addition to the Logo Brands e-commerce website , Jackson State licensed products will be available through major retailers such as Sam's, Follett, Walmart, Fanatics, Costco, Hudson News, Dick's Sporting Goods, and Academy. This partnership with the Jackson State Tigers represents a significant milestone in Logo Brands' strategic partnerships, underscoring the company's commitment to supporting HBCUs. "Jackson State University values this historic partnership with Logo Brands. I have worked with Maggie for years, and this opportunity to continue growing our brand and expanding the market with quality and story-telling products is very rewarding," says Kamesha Hill, Director, Auxiliary Enterprises. "We look forward to the partnership and the opportunity to continue to share the history of our great institution, Jackson State University." About Logo Brands: Logo Brands is a leading manufacturer of officially licensed products for over 800 colleges and leagues, including the NFL, MLB, NHL, NBA, MLS, and NASCAR. The company's extensive product range spans outdoor lifestyle, indoor living, and on-the-go categories, with more than 900 different product lines in its history. Founded as a family business in 2000, Logo Brands began by shipping tailgate chairs from a garage just outside of Memphis, Tennessee, and now operates its headquarters in Franklin, Tennessee. Contact Information Aubree Gardiner Communications and Social Media Manager (615) 236-2693SOURCE: Logo BrandsNEW YORK , Dec. 10, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of ordinary shares of ASML Holding N.V. (NASDAQ: ASML) between January 24, 2024 and October 15, 2024 , both dates inclusive (the "Class Period"), of the important January 13, 2025 lead plaintiff deadline. So what: If you purchased ASML Holding N.V. ordinary shares during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. What to do next: To join the ASML Holding N.V. class action, go to https://rosenlegal.com/submit-form/?case_id=31159 or call Phillip Kim, Esq. at 866-767-3653 or email case@rosenlegal.com for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 13 , 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Details of the case: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) the issues being faced by suppliers, like ASML, in the semiconductor industry were much more severe than defendants had indicated to investors; (2) the pace of recovery of sales in the semiconductor industry was much slower than defendants had publicly acknowledged; (3) defendants had created the false impression that they possessed reliable information pertaining to customer demand and anticipated growth, while also downplaying risk from macroeconomic and industry fluctuations, as well as stronger regulations restricting the export of semiconductor technology, including the products that ASML sells; and (4) as a result, defendants' statements about ASML's business, operations, and prospects lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the ASML Holding N.V. class action, go to https://rosenlegal.com/submit-form/?case_id=31159 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com View original content to download multimedia: https://www.prnewswire.com/news-releases/asml-investors-have-opportunity-to-lead-asml-holding-nv-securities-fraud-lawsuit-302327940.html SOURCE THE ROSEN LAW FIRM, P. A.
Miami Dolphins get good news on Friday ahead of clash with New England PatriotsNEW YORK--(BUSINESS WIRE)--Dec 4, 2024-- iHeartMedia, Inc. (NASDAQ: IHRT) (“iHeartMedia”, the “Company” or “we”) today announced that, as of 5:00 p.m., New York City time, on November 29, 2024, $750,585,122 aggregate principal amount (93.8%) of iHeartCommunications, Inc.’s (“Communications”) outstanding 6.375% Senior Secured Notes due 2026 (the “Existing 2026 Secured Notes”), $743,023,000 aggregate principal amount (99.1%) of Communications’ outstanding 5.25% Senior Secured Notes due 2027 (the “Existing 2027 Secured Notes”), $221,587,000 aggregate principal amount (44.3%) of Communications’ outstanding 4.75% Senior Secured Notes due 2028 (the “Existing 2028 Secured Notes” and, together with the Existing 2026 Secured Notes and Existing 2027 Secured Notes, the “Existing Secured Notes”) and $843,734,539 aggregate principal amount (92.1%) of Communications’ outstanding 8.375% Senior Notes due 2027 (the “Existing Unsecured Notes” and, together with the Existing Secured Notes, the “Existing Notes”) had tendered and delivered consents in the previously announced exchange offers (the “Notes Exchange Offers”) for the Existing Notes and concurrent consent solicitations (the “Notes Consent Solicitations”) to amend certain provisions in the indentures governing the Existing Notes pursuant to the terms and conditions described in the Confidential Offering Memorandum and Consent Solicitation Statement, dated November 15, 2024 (the “Offering Memorandum”), and that $2,254,656,962 aggregate principal amount (99.5%) of Communications’ outstanding term loans (the “Existing Term Loans” and, together with the Existing Notes, the “Existing Debt”) had agreed to participate and delivered consents in the previously announced exchange offer (the “Term Loan Exchange” and, together with the Notes Exchange Offers, the “Offers”) for the Existing Term Loans and consent solicitation (the “Term Loan Consent Solicitation” and, together with the Notes Consent Solicitations, the “Consent Solicitations”) to amend certain provisions in the credit agreement governing the Existing Term Loans (the “Existing Term Loan Credit Agreement”) in connection with the Term Loan Exchange, representing a total participation of $4,813,586,623 aggregate principal amount (92.0%) of the Existing Debt in the Offers as of such time (the “Early Tender/Participation Debt”). Amendments to the Offers and Consent Solicitations Additionally, Communications announced certain amendments to the Notes Exchange Offers and Notes Consent Solicitations as follows: Communications also announced that corresponding amendments (as applicable) were made to the terms of the Term Loan Exchange and Term Loan Consent Solicitation. The New Comprehensive Condition has been satisfied as of the date hereof and, subject to the satisfaction or waiver of the other conditions set forth in the Offering Memorandum, as amended, Communications intends to consummate the Comprehensive Offers. Holders are referred to the Offering Memorandum, as amended, for the detailed terms and conditions of the Notes Exchange Offers and Notes Consent Solicitations with respect to the Existing Notes, all of which remain unchanged except as set forth in this release. Important Information Eligible Holders of the Existing Notes who wish to participate in the Notes Exchange Offers and Notes Consent Solicitations must tender all their Existing Notes across each series in the Notes Exchange Offers (and deliver consents in the related Notes Consent Solicitations) and shall not be permitted to tender in only one or a subset of the foregoing. In addition, such Eligible Holders will be deemed to have delivered consents for each proposed amendment applicable to the indentures governing their Existing Notes. There are no withdrawal or revocation rights in connection with any of the Notes Exchange Offers. As a result, any tenders of Existing Notes and delivery of the related consents will be final and irrevocable. None of the Issuers, their advisors, the trustee of the Existing Notes, the trustee with respect to the new notes, as applicable, the Exchange and Information Agent (as defined below) or any affiliate of any of them, makes any recommendation as to whether Eligible Holders of Existing Notes should participate in the Notes Exchange Offers and Notes Consent Solicitations, and no one has been authorized by any of them to make such a recommendation. Eligible Holders of Existing Notes should read carefully the Offering Memorandum, as amended, before making a decision to participate in the Notes Exchange Offers and the Notes Consent Solicitations. In addition, Eligible Holders of the Existing Notes must make their own decisions as to whether to tender their Existing Notes in the Notes Exchange Offers and provide consent in the related Notes Consent Solicitation. The Notes Exchange Offers and Notes Consent Solicitations are conditioned upon the satisfaction or waiver of the conditions set forth in the Offering Memorandum, as amended, and, other than the amendments described above, the other terms and conditions of the Notes Exchange Offers and Notes Consent Solicitations remain unchanged. The Notes Exchange Offers are being made, and the new notes to be issued by the Issuers in the Notes Exchange Offers are being offered and issued, only to holders of Existing Notes that are either (i) persons who are reasonably believed to be “qualified institutional buyers” as defined in Rule 144A under the Securities Act or (ii) persons other than “U.S. persons” as defined in Regulation S who agree to purchase any such new notes outside of the United States and who are otherwise in compliance with the requirements of Regulation S. The Issuers are not making the Notes Exchange Offers in any jurisdiction where the inclusion of any person in such jurisdiction would require the Issuers or any subsidiary of the Issuers to comply with registration requirements or other similar requirements under any securities laws of such jurisdiction. The holders of Existing Notes who have certified to us that they are eligible to participate in the Notes Exchange Offers pursuant to at least one of the foregoing conditions are referred to as “Eligible Holders.” Only Eligible Holders of Existing Notes may receive a copy of the Offering Memorandum and the amendment thereto (such amendment, the “Supplement”) and participate in the Notes Exchange Offers and the Notes Consent Solicitations. The Exchange and Information Agent is Kroll Issuer Services (US) (the “Exchange and Information Agent”). Detailed instructions regarding how Eligible Holders of Existing Notes can tender Existing Notes and deliver consents with respect to the Notes Consent Solicitations are set forth in the Offering Memorandum, as amended. Questions concerning the Notes Exchange Offers or Notes Consent Solicitations or requests for additional copies of the Offering Memorandum, the Supplement or other related documents may be directed to the Exchange and Information Agent at iheart@is.kroll.com . Eligible Holders of the Existing Notes should also consult their broker, dealer, commercial bank, trust company or other institution for assistance concerning the Notes Exchange Offers and the Notes Consent Solicitations. This communication is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security and does not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful. Simpson Thacher & Bartlett LLP served as counsel and PJT Partners served as financial advisor to the Company. Davis Polk & Wardwell LLP served as counsel and Perella Weinberg Partners served as financial advisor to an ad hoc group of certain of the Supporting Holders. Forward-Looking Statements Certain statements herein constitute “forward-looking statements”. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors which may cause the actual results, performance or achievements of iHeartMedia, Inc. and its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The words or phrases "guidance," "believe," "expect," "anticipate," "will," "potential," "positioned," "estimates," "forecast," and words of similar meaning, as well as other words or expressions referencing future events, conditions or circumstances are intended to identify such forward-looking statements. These statements include, but are not limited to, statements related to the transactions described above, including the Company’s ability to complete any of the transactions on the terms contemplated herein, on the timeline contemplated or at all, and the Company’s ability to realize the intended benefits of any such transactions. In addition, any statements that refer to expectations or other characterizations of future events or circumstances, such as statements about our anticipated growth and financial performance, our expected costs savings and other capital and operating expense reduction initiatives, utilizing new technologies and programmatic platforms, trends in the advertising industry, and strategies and initiatives are forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other important factors, some of which are beyond our control and are difficult to predict. Various risks that could cause future results to differ from those expressed by the forward-looking statements included in this press release include, but are not limited to: risks related to weak or uncertain global economic conditions and our dependence on advertising revenues; competition, including increased competition from alternative media platforms and technologies; dependence upon our brand and the performance of on-air talent, program hosts and management; fluctuations in operating costs; technological and industry changes and innovations; shifts in population and other demographics; risks related to our use of artificial intelligence, impact of acquisitions, dispositions and other strategic transactions; risks related to our indebtedness; legislative or regulatory requirements; impact of legislation, ongoing litigation or royalty audits on music licensing and royalties; regulations and concerns regarding privacy and data protection and breaches of information security measures; risks related to scrutiny of environmental, social and governance matters; risks related to our Class A common stock; and regulations impacting our business and the ownership of our securities. Other unknown or unpredictable factors also could have material adverse effects on the Company’s future results, performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this press release may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date hereof. Additional risks that could cause future results to differ from those expressed by any forward-looking statement are described in the Company’s reports filed with the U.S. Securities and Exchange Commission, including in the section entitled “Part I, Item 1A. Risk Factors” of iHeartMedia, Inc.’s Annual Reports on Form 10-K and “Part II, Item 1A. Risk Factors” of iHeartMedia, Inc.’s Quarterly Reports on Form 10-Q. The Company does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise. About iHeartMedia, Inc. iHeartMedia, Inc. [Nasdaq: IHRT] is the leading audio media company in America, reaching over 90% of Americans every month. iHeart’s broadcast radio assets alone have more consumer reach in the U.S. than any other media outlet; twice the reach of the next largest broadcast radio company; and over four times the ad-enabled reach of the largest digital only audio service. iHeart is the largest podcast publisher according to Podtrac, with more downloads than the next two podcast publishers combined and has the number one social footprint among audio players, with seven times more followers than the next audio media brand, and the only fully integrated audio ad tech solution across broadcast, streaming and podcasts. The company continues to leverage its strong audience connection and unparalleled consumer reach to build new platforms, products and services. View source version on businesswire.com : https://www.businesswire.com/news/home/20241204802225/en/ CONTACT: Media Wendy Goldberg Chief Communications Officer (212) 377-1105 wendygoldberg@iheartmedia.comInvestors Mike McGuinness EVP, Deputy CFO, and Head of Investor Relations (212) 377-1336 mbm@iheartmedia.com KEYWORD: UNITED STATES NORTH AMERICA NEW YORK INDUSTRY KEYWORD: PODCAST TV AND RADIO MEDIA MUSIC COMMUNICATIONS ONLINE EVENTS/CONCERTS ENTERTAINMENT SOURCE: iHeartMedia, Inc. Copyright Business Wire 2024. PUB: 12/04/2024 05:47 PM/DISC: 12/04/2024 05:47 PM http://www.businesswire.com/news/home/20241204802225/enDonald Trump's release of a new fragrance line is reviving familiar questions about financial conflicts of interests, and generating new ones about the legality of using Jill Biden's image to promote the products. Trump announced a new line of perfumes and colognes on Sunday with a social media post that links to a website where it says some of the products have already "sold out" and others can still be purchased for $199 a bottle, or two for $298. The social media promotion includes a picture of the president-elect talking to the first lady on Saturday during the reopening of the Notre-Dame cathedral in Paris. The photo caption reads: “A fragrance your enemies can’t resist.” During his first White House term, Trump regularly faced ethics questions about using the federal government he led for his own personal gain, including using his properties for both official and unofficial events . The issue was a defining and recurring theme throughout his first administration. As he prepares for a second term, Trump still controls vast business interests and is launching new ones , and ethics experts say that using Jill Biden's image shows how the president-elect continues to push boundaries as he prepares to take office. Others who have been tapped to serve in his next administration also are still pitching products, including Robert F. Kennedy Jr. , the nominee to lead the Department of Health and Human Services, who recently appeared in an online video promoting his wife's beauty line. "I think this is a problem," said Richard Painter, who worked as an ethics lawyer in former President George W. Bush's White House. "But there's no way to stop the president from selling guitars and Bibles and perfume. There's no way to stop it, even though I think it's use of public office for private gain." Trump's use of Biden's picture in promoting his fragrance line adds a new twist to the ethics questions surrounding his business interests. Most states prohibit an individual’s name, image, or likeness from being used for commercial purposes without approval under so-called "right of publicity" laws, according to legal experts. If someone’s image is used to sell a product without approval, they can sue for compensation. But before that happens the White House likely would first send a cease and desist letter, said Virginia Canter, the chief ethics counsel for the government watchdog group Citizens for Responsibility and Ethics in Washington. Jill Biden's office and Trump's transition team have not responded to a request for comment. Legal experts say Trump's use of Biden's image to promote his products could be illegal. "Biden would have a strong claim, under current law, that Trump’s use of her actual photo, in advertising, to promote a commercial product" violates legal protections against using an individual's image for "commercial advantage without consent," said University of Virginia law professor Dotan Oliar, an intellectual property expert. However, the U.S. Constitution takes precedence over state law and Trump could use his First Amendment right to free speech as a defense if Biden sued. Rutgers University law professor Reid Kress Weisbord said he believes “there’s a good chance” that defense would be successful. “Even though Trump used Biden's name and likeness in a social media post about perfumes, which Trump may be selling for a commercial purpose, the content of that post mixes humor and politics in a way that almost certainly implicates free speech rights,” Weisbord wrote in an e-mail to USA TODAY. For a First Amendment defense to succeed, Trump would have to prove he made a “transformative use” of Biden’s image, Weisbord said. The nature of his post – joking that a woman whose husband lost the 2024 presidential race to him “can’t resist” him - could help his case, the professor added. “Trump would (likely) claim that he infused his post with politics and humor in a way that transformed the use of her name and likeness,” Weisbord said. Jonathan Faber, managing partner at Luminary Group LLC and an attorney who specializes in intellectual property issues, said he agreed there could be "heightened First Amendment allowances" when dealing with a case involving political figures. However, he said "these arguments typically apply to a third party critiquing a political figure directly, not one prominent political figure selling product featuring another public figure." "Whether this is worth pursuing or is best left alone may be driven as much by PR analysis as by Right of Publicity analysis, but it seems to be an unprecedented scenario," added Faber. Trump named his new line of perfumes and colognes “fight, fight, fight” to evoke the words he shouted after being shot in the ear at a rally in Pennsylvania. For Biden, the Constitution could limit her ability to fight.
Eight years ment to focus on its higher-margin software and services business. However, despite this pivot, BlackBerry stock has been down over 60% since December 2016 as it continues to wrestle with sluggish sales and negative cash flows. The company’s sales have fallen from US$1.30 billion in fiscal 2017 (ended in February) to US$637 million in the last four quarters. Further, it continues to report a free cash outflow, which indicates that BlackBerry is struggling with a higher cost base and unsustainable profit margins. BlackBerry, valued at $2.2 billion by , provides intelligent security software and services to enterprises. In the fiscal second quarter (Q2) of 2025, BlackBerry reported revenue of US$145 million, an increase of 9.8% compared to the year-ago period. BlackBerry’s Internet of Things (IoT) business grew by 12% year over year to US$55 million, while cybersecurity sales were up 10% to US$87 million. It reported an operating loss of US$4 million, while its cash usage stood at US$13 million, compared to US$56 million in the year-ago period. BlackBerry emphasized that its IoT business reported a gross margin of 82% in Q2, an increase of 100 basis points sequentially due to strong production-based royalties and multiple new ADAS (Advanced Driver Assistance System) wins. Notably, sales of its core cybersecurity products increased 24%, and the segment ended Q2 with an annual recurring revenue of US$279 million. While the net retention rate for this segment improved to 88%, it suggests that existing customers reduced spending by 12% over the last 12 months. A focus on cost management allowed BlackBerry to reduce operating expenses by 24% year over year to US$99 million in Q2. The company expects to report a positive adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) in fiscal 2025 and return to positive cash flow by the end of Q4. Despite its improving financials, BlackBerry remains a high-risk investment as it faces competition from established peers that are growing much faster. BlackBerry is part of multiple growth segments such as cybersecurity, artificial intelligence, and IoT but is struggling to grow at the top line, which suggests it is losing market share. Investors looking to buy undervalued AI stocks can consider gaining exposure to ( ). Valued at US$8.12 billion by market cap, UiPath provides an end-to-end automation platform that offers robotic process automation (RPA) solutions in the U.S. and other international markets. It offers enterprise-facing solutions to build, manage, rub, engage, measure, and govern automation within an organization. Sales have risen from US$336.2 million in fiscal 2020 (which ended in January) to US$1.4 billion in the last 12 months. However, its growth story is far from over, given that analysts expect UiPath sales to rise to US$1.58 billion in fiscal 2026 and US$1.75 billion in 2027. Unlike BlackBerry, UiPath is reporting consistent free cash flow. Wall Street projects its free cash flow to surpass US$400 million in fiscal 2027, compared to a free cash outflow of US$34 million in 2023. Priced at less than 30 times forward earnings, PATH stock is quite cheap, given its growth estimates. Analysts remain bullish on the AI stock and expect it to gain close to 10% from current levels, given consensus price target estimates.
Empresa Portuaria San Antonio (EPSA) filed a Material Event with the Financial Market Commission (CMF), informing that San Antonio Terminal Internacional (STI) had met the investment conditions agreed in 2020 and, therefore, its concession will be extended until January 1, 2030 (the second extension since the concession originally ended in 2020). “In recent years we have implemented an intensive capex plan, investing US$66 million, of which US$47 million was to extend the concession. This not only lets us continue to operate the port, but also to continue delivering excellent, safe service for foreign trade, positioning San Antonio Terminal Internacional as the most efficient, most important port in Chile and one of the leading ports in the Southern Cone,” said STI general manager Andrés Albertini. “STI’s concession has been extended because it complied with the contract. For 24 years, it has successfully contributed to the Port of San Antonio’s growth. In addition, I would like to highlight our proven ability to build public-private agreements, which preserves San Antonio’s leading position and its importance as a strategic hub for Chile’s foreign trade. In this particular case, each of the concessionaire’s investments have made the terminal and the entire logistics chain more efficient and more competitive,” said Ramón Castañeda, general manager of the Port of San Antonio. The agreement called for equipment, infrastructure and technology investments to improve three dimensions: dock, yard and gate, boosting capacity by approximately 30% to around 1.6 million TEU/year. In aggregate, the contractual investments and additional contributions totaled US$66 million. Per the contract, STI invested in two STS cranes, two RTG cranes, 27 new reefer towers, six reachstackers, 26 new terminal tractors, new civil infrastructure and technology, among others. The additional equipment purchased included a new empty container handler, 13 reachstackers and 24 terminal tractors. Source: San Antonio Terminal InternacionalAusperBio Secures $73 Million in Series B Financing to Advance Functional Cure for Chronic Hepatitis B
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The Dallas Cowboys head to Northwest Stadium in Week 12 to take on the Washington Commanders in a matchup rich with storylines. ... but weighted down by injury news. This divisional clash brings familiar faces together in opposing uniforms as former Cowboys, now donning Burgundy and Gold, prepare to face their old team under the leadership of Commanders head coach Dan Quinn. Vincent Carchietta-USA TODAY Sports Quinn, Dallas’ defensive coordinator until last season, isn’t the only familiar name for Cowboys fans. Commanders players Dorance Armstrong, Dante Fowler, Tyler Biadasz, Noah Brown, and Noah Igbinoghene are all former Cowboys who followed Quinn to Washington during the offseason. Even Commanders defensive coordinator Joe Whitt Jr. was part of the Dallas coaching staff before making the move. The stakes are clear. For Washington, this game is a chance to solidify its playoff position as the team fights to stay atop the NFC East race. For Dallas, it’s an opportunity to salvage pride in what’s shaping up to be a disappointing season. The Cowboys lead the all-time series 78-48-2, having won five of the last six matchups, but have struggled to maintain their dominance this season, dropping to 3-7 this year. Dallas faces the additional challenge of multiple injuries heading into the matchup. Key players like CeeDee Lamb (back/foot), Zack Martin (ankle/shoulder), and Tyler Smith (ankle/knee) are on the injury report, with that threesome unable to practice as of Thursday. #Cowboys #Commanders Injury Report ... 2 All-Pro linemen no-gos pic.twitter.com/L3GSL4uy1Y Meanwhile, the Commanders aim to take advantage of their former teammates’ familiarity with Dallas’ system. Related: Cowboys Injury Report on CeeDee Lamb and Daron Bland A win for Washington would further solidify its standing in the NFC playoff picture, while a loss for Dallas would underscore the challenges of their rebuilding phase while helping their draft chances. With so much at stake, this game promises intensity and emotion as old friends turn into fierce foes. Related: Cowboys 'Cashing Checks' Effort Ripped By Kelce Brothers
ASML Investors Have Opportunity to Lead ASML Holding N.V. Securities Fraud LawsuitFulham came from behind to beat neighbours Chelsea 2-1 after a 95th minute goal from substitute Rodrigo Muniz gave the visitors all three points in the Premier League on Thursday. It was Fulham’s first win at Stamford Bridge since 1979 and it put a dent in second-placed Chelsea’s title hopes as the hosts stay on 35 points, four points off the pace having played two games more than leaders Liverpool who host Leicester City later. Chelsea took the lead after 16 minutes when Cole Palmer danced past two defenders and slid the ball through Issa Diop’s legs into the bottom corner to score a classy goal. But Fulham’s second-half energy and determination paid off in the 82nd minute when Harry Wilson headed home from close range for the club’s first goal at Stamford Bridge since 2011. Muniz clinched all three points when he swept home a pass from Sasa Lukic in the dying moments of the match to take Fulham up to eighth with 28 points from 18 games. It was Chelsea’s first league loss since a 2-1 defeat on October 20 at Liverpool. BBC
Cardinals' sudden 3-game tailspin has turned their once solid playoff hopes into a long shot The midseason four-game winning streak that lifted the Arizona Cardinals into the playoff picture seemed as though it happened fast. Their subsequent free fall has been even more jarring. David Brandt, The Associated Press Dec 9, 2024 2:52 PM Dec 9, 2024 3:05 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Arizona Cardinals head coach Jonathan Gannon looks for a call during the second half of an NFL football game against the Seattle Seahawks, Sunday, Dec. 8, 2024, in Glendale, Ariz. (AP Photo/Ross D. Franklin) The midseason four-game winning streak that lifted the Arizona Cardinals into the playoff picture seemed as though it happened fast. Their subsequent free fall has been even more jarring. The Cardinals could have moved into a tie for first place in the NFC West with a home win over the Seattle Seahawks on Sunday. Instead, they were thoroughly outplayed in a 30-18 loss and are now tied for last in the tightly packed division. Arizona has lost three straight and will face an uphill battle to return to the playoffs for the first time since 2021. The Seahawks (8-5) are in first place, followed by the Rams (7-6), Cardinals (6-7) and 49ers (6-7). Even more daunting for their playoff hopes, the Cardinals lost both of their games against the Seahawks this season, meaning a tiebreaker would go to Seattle. Four games remain. “I just told them we put ourselves in a little bit of a hole now, but all you can do is attack tomorrow, learn tomorrow and have a good week of practice,” second-year coach Jonathan Gannon said. There are plenty of reasons the Cardinals lost to the Seahawks, including Kyler Murray's two interceptions, a handful of holding penalties, a porous run defense and a brutal missed field goal. It all adds up to the fact Arizona is playing its worst football of the season at a time when it needed its best. “I’m sure we’ll stick to our process, but we have to tweak some things,” Gannon said. "I have to tweak some things.” What’s working It's probably faint praise, but the Cardinals did make the game interesting in the second half while trying to fight back from a 27-10 deficit. Murray's shovel pass to James Conner for a 2-yard touchdown and subsequent 2-point conversion cut the margin to 27-18. The Cardinals had a chance to make it a one-score contest early in the fourth quarter, but Chad Ryland's 40-yard field goal attempt bounced off the left upright. “I thought we spotted them a lot of points there, but then we battled back,” Gannon said. “I appreciate their effort. That was good. We battled back there, had a couple chances to even cut the lead a little more, but ultimately didn’t get it done." What needs help Murray's in a bit of a mini-slump after throwing two interceptions in back-to-back games for the first time in his career. He also didn't do much in the run game against the Seahawks, with 16 yards on three carries. The quarterback's decision-making was nearly flawless for much of the season and the Cardinals need that good judgment to return. “I’m not looking at it like I have to try to be Superman,” Murray said. “I don’t think that’s the answer. I just need to play within the offense like we’ve done for the majority of the season. Today, I didn’t. Like I said, throwing two picks puts yourself behind the eight ball.” Said Gannon: “I thought he stuck in there and made some big time throws, though, but he has to protect the ball a little bit better. That’s not just him, that’s all 11. So there’ll be a lot of corrections off those plays." Stock up The defense didn't have its best day, but it's not Budda Baker's fault. The two-time All-Pro safety is having another phenomenal season and was all over the field against the Seahawks, finishing with 18 tackles. Baker's energy is relentless and he's the unquestioned leader of a group that has been better than expected this season, even with Sunday's mediocre performance. Stock down Left tackle Paris Johnson Jr. had a tough day, getting flagged for holding three times, though one of those penalties was declined by the Seahawks. The second-year player moved from right tackle to the left side during the offseason and the transition has gone well, but Sunday was a step backward. Injuries The Cardinals remain fairly healthy. DL Roy Lopez (ankle) and P Blake Gillikin (ankle) left Sunday's game, but neither injury is expected to be long term. Key number 9 — It looks as if the Cardinals will go a ninth straight season without winning the NFC West. The last time they won the division was 2015 with coach Bruce Arians and a core offense of quarterback Carson Palmer, running back David Johnson and receiver Larry Fitzgerald. What’s next The Cardinals are in must-win territory now for any chance at the playoffs. They'll host the New England Patriots on Sunday. ___ AP NFL: https://apnews.com/hub/NFL David Brandt, The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Get your daily Victoria news briefing Email Sign Up More Football (NFL) The Saints are making contingency plans to play without QB Derek Carr as they try to stay alive Dec 9, 2024 3:07 PM Cowboys set to host Bengals under open roof after falling debris thwarted that plan against Texans Dec 9, 2024 2:57 PM The 49ers' playoff hopes are still teetering even after get-right game against the Bears Dec 9, 2024 2:49 PMFrench Ambassador to Korea Philippe Bertoux gives a speech during an event held at his residence in Seoul, Dec. 9. Korea Times photo by Kim Hyun-bin By Kim Hyun-bin French Ambassador to Korea Philippe Bertoux praised the remarkable achievements of 2024, with a special focus on the 2024 Paris Summer Olympics and Paralympics, during an event held at his residence in Seoul, Dec. 9. Addressing a distinguished gathering, Bertoux highlighted the unforgettable moments the Games brought to the world, emphasizing the event's role in uniting people through the power of sports. "The Paris 2024 Summer Olympics and Paralympics were the highlights of the year," he said. "From the opening ceremony along the River Seine to the electrifying performances across all sports, we have witnessed unforgettable moments that showcase the power of sports to bring people together." Bertoux underscored the revolutionary nature of the Paris Games, sharing staggering audience figures released by the International Olympic Committee (IOC). "The figures in terms of audience are truly astonishing, with 5 billion viewers and 16.7 billion commitments on social networks. The Paris Games are by far the most successful ever organized," he said. The ambassador took the opportunity to commend the athletes from around the world, with a special mention of the Korean Olympic and Paralympic teams. "Tonight, we will, of course, especially congratulate the South Korean Olympic and Paralympic team. You have made your country proud, and you are truly inspiring for all of us," Bertoux said. "I want to have a special word of appreciation for you and your coaches who share in your successes." Bertoux also highlighted the growing significance of esports, acknowledging the presence of the Team Vitality League of Legends team. "Today, we are very proud to welcome Team Vitality, who has been training at the Gen.G Academy. Your cooperation and the time spent training in Korea will surely inspire future successes," he said. The golden cross designed by French artist Guillaume Blardet over the tabernacle at the Notre-Dame de Paris Cathedral in Paris, Dec. 8. The Notre Dame de Paris Cathedral reopened Dec. 7 after nearly six years of renovation work following its destruction by a fire on April 15, 2019. EPA-Yonhap In addition to the Paris Games, Bertoux celebrated the reopening of the Notre-Dame Cathedral on Dec. 7, a significant event following a devastating fire in 2019. The reopening included a series of celebratory events and special tours that highlighted the history and significance of the cathedral. "This weekend, we had an incredible event with the reopening of Notre-Dame Cathedral. French craftsmen have worked tirelessly to restore this beloved symbol in less than five years," he said. The ambassador linked these accomplishments to the broader "Make it Iconic" campaign, aimed at promoting France not just as a destination but as a symbol of creativity and resilience. "We offer in France a diversity of people and talents who keep challenging new ideas and contribute to French attractiveness," Bertoux said. Turning to economic matters, Bertoux highlighted France's resilience in the face of global challenges. "Our economy has been particularly resilient despite the COVID crisis and current geopolitical complexities. Over the last 12 months, our growth reached 13 percent, higher than the EU average," he said. He emphasized France's strategic position for foreign investments, including those from Korea, due to its nearly decarbonized electricity and world-class scientists. Bertoux concluded his speech by celebrating the deepening ties between Korea and France. "The number of Korean tourists traveling to France has increased steadily. We believe that by promoting new travel experiences, sustainable tourism and deeper cultural exchanges, we will encourage more Koreans to explore the wonders of our nation," he said. As the year closes, Bertoux expressed his gratitude to all attendees, especially the Olympic champions who contributed to the warmth and strength of bilateral relations. Looking ahead, he noted the upcoming 140th anniversary of the Korea-France friendship in 2026 as another milestone to celebrate.
AusperBio Secures $73 Million in Series B Financing to Advance Functional Cure for Chronic Hepatitis B
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