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Ruud van Nistelrooy enjoys winning start with LeicesterLAS VEGAS — Formula 1 on Monday at last said it will expand its grid in 2026 to make room for an American team that is partnered with General Motors. "As the pinnacle of motorsports, F1 demands boundary-pushing innovation and excellence. It's an honor for General Motors and Cadillac to join the world's premier racing series, and we're committed to competing with passion and integrity to elevate the sport for race fans around the world," GM President Mark Reuss said. "This is a global stage for us to demonstrate GM's engineering expertise and technology leadership at an entirely new level." The approval ends years of wrangling that launched a U.S. Justice Department investigation into why Colorado-based Liberty Media, the commercial rights holder of F1, would not approve the team initially started by Michael Andretti. Andretti in September stepped aside from leading his namesake organization, so the 11th team will be called Cadillac F1 and be run by new Andretti Global majority owners Dan Towriss and Mark Walter. The team will use Ferrari engines its first two years until GM has a Cadillac engine built for competition in time for the 2028 season. Towriss is the the CEO and president of Group 1001 and entered motorsports via Andretti's IndyCar team when he signed on financial savings platform Gainbridge as a sponsor. Towriss is now a major part of the motorsports scene with ownership stakes in both Spire Motorsports' NASCAR team and Wayne Taylor Racing's sports car team. Walter is the chief executive of financial services firm Guggenheim Partners and the controlling owner of both the World Series champion Los Angeles Dodgers and Premier League club Chelsea. "We're excited to partner with General Motors in bringing a dynamic presence to Formula 1," Towriss said. "Together, we're assembling a world-class team that will embody American innovation and deliver unforgettable moments to race fans around the world." Mario Andretti, the 1978 F1 world champion, will have an ambassador role with Cadillac F1. But his son, Michael, will have no official position with the organization now that he has scaled back his involvement with Andretti Global. "The Cadillac F1 Team is made up of a strong group of people that have worked tirelessly to build an American works team," Michael Andretti posted on social media. "I'm very proud of the hard work they have put in and congratulate all involved on this momentous next step. I will be cheering for you!" The approval has been in works for weeks but was held until after last weekend's Las Vegas Grand Prix to not overshadow the showcase event of the Liberty Media portfolio. Max Verstappen won his fourth consecutive championship in Saturday night's race, the third and final stop in the United States for the top motorsports series in the world. Grid expansion in F1 is both infrequent and often unsuccessful. Four teams were granted entries in 2010 that should have pushed the grid to 13 teams and 26 cars for the first time since 1995. One team never made it to the grid and the other three had vanished by 2017. There is only one American team on the current F1 grid — owned by California businessman Gene Haas — but it is not particularly competitive and does not field American drivers. Andretti's dream was to field a truly American team with American drivers. The fight to add this team has been going on for three-plus years, and F1 initially denied the application despite approval from F1 sanctioning body FIA. The existing 10 teams, who have no voice in the matter, also largely opposed expansion because of the dilution in prize money and the billions of dollars they've already invested in the series. Andretti in 2020 tried and failed to buy the existing Sauber team. From there, he applied for grid expansion and partnered with GM, the top-selling manufacturer in the United States. The inclusion of GM was championed by the FIA and president Mohammed Ben Sulayem, who said Michael Andretti's application was the only one of seven applicants to meet all required criteria to expand F1's current grid. "General Motors is a huge global brand and powerhouse in the OEM world and is working with impressive partners," Ben Sulayem said Monday. "I am fully supportive of the efforts made by the FIA, Formula 1, GM and the team to maintain dialogue and work towards this outcome of an agreement in principle to progress this application." Despite the FIA's acceptance of Andretti and General Motors from the start, F1 wasn't interested in Andretti — but did want GM. At one point, F1 asked GM to find another team to partner with besides Andretti. GM refused and F1 said it would revisit the Andretti application if and when Cadillac had an engine ready to compete. "Formula 1 has maintained a dialogue with General Motors, and its partners at TWG Global, regarding the viability of an entry following the commercial assessment and decision made by Formula 1 in January 2024," F1 said in a statement. "Over the course of this year, they have achieved operational milestones and made clear their commitment to brand the 11th team GM/Cadillac, and that GM will enter as an engine supplier at a later time. Formula 1 is therefore pleased to move forward with this application process." Yet another major shift in the debate over grid expansion occurred earlier this month with the announced resignation of Liberty Media CEO Greg Maffei, who was largely believed to be one of the biggest opponents of the Andretti entry. "With Formula 1's continued growth plans in the US, we have always believed that welcoming an impressive US brand like GM/Cadillac to the grid and GM as a future power unit supplier could bring additional value and interest to the sport," Maffei said. "We credit the leadership of General Motors and their partners with significant progress in their readiness to enter Formula 1."The Kaduna State government has warned its political appointees to desist from random and irresponsible posts on social media, saying such comments can be misconstrued as official viewpoint, thereby causing reputational damage for the State Government or public outcry against it. The warning was given at a two-day capacity building workshop, which was organised by the Office of the Head of Service and the Principal Private Secretary to Governor Uba Sani in Kaduna at the weekend. A communique issued after the workshop noted that Kaduna State Public Service is strictly guided by ‘Scheme of Service’, ‘Stores Regulations’, ‘The Guide to Administrative Procedures’, and ‘Financial Instructions’. The communique recommended that the Department of Printing Services (Government Printer) should produce the Statute/Regulatory Books and sell to public servants at affordable prices. The communique, which was jointly signed by Alhaji Waziri Garba and Malam Ibraheem Musa, the Senior Special Assistant on Administration and the Chief Press Secretary to the Governor, respectively, stated that the capacity-building was organised for employees of Government House. The communique noted that Kaduna State has one of the most vibrant civil services in the country as other states regularly send delegations to understudy its operations, especially in the area of accountability. Participants at the workshop commended Kaduna State Government, under the leadership of Governor Uba Sani, for organising the workshop, which they described as the “first of its kind in the history of the state.’’ The communique stated that, “Public Servants must be disciplined, loyal to the Government of the day, show courtesy in the discharge of their duties, cooperate with one another and be honest in all their official engagements. “It is also essential for Public Servants to adhere to laid down procedures in the conduct of Government business as failure to do so leads to systemic decay of the service and corruption.’’
Article content Two conservative-leaning groups in Edmonton are merging into one local political party for the 2025 municipal election . The Principled Accountable Coalition for Edmonton (PACE) and TAPYeg , two groups that announced early intentions to form municipal political parties, are merging under the PACE banner. Leaders from both groups told Postmedia Thursday the goal is to unite for a better chance at winning votes next October. Neither are officially registered as local political parties and no candidates have been announced. The two groups share values of keeping taxes lower, safety and security, business-friendly policies, sticking to the city’s core responsibilities, and accountability, said Doug Main, currently a vice-president for PACE. The board of the refreshed party will include an equal split of PACE and TAPYeg. Main called the merger “historic.” He and Jeffrey Hansen Carlson, a co-founder of TAPYeg, are hoping to build an established municipal party in the city that will live beyond the 2025 election. They heard about a need for co-ordination from business leaders and some in the community to avoid splitting the vote come next October. After some early discussions, plans firmed up to join in recent weeks. “I don’t want to oversell this, but really it’s huge. You’ve got an opportunity for a political party. You’ve got two disparate yet philosophically aligned groups coming together — the heft, the muscle, the commitment, the talent. I’ve been around politics, federally and provincially, for quite a while. I’m pretty impressed,” Main said. “There are still some details to work out — selecting candidates and some of the formal aspects that are necessary for this to be a trusted institution in the city for decades to come. But the people, the values, the effort, the commitment — this is a very unique and significant opportunity for Edmontonians,” Hansen-Carlson said. While neither party has announced candidates, both had individuals working in different parts of the city to start building momentum and gather support — “ward champions” for TAPYeg and “pace setters” for PACE. Currently they are working to get the 1,000 signatures needed to register as a political party and hope to reach that goal by Christmas. Mayoral candidate and current city Coun. Tim Cartmell is also planning to launch a municipal political party with a similar focus on safety and security and fiscal responsibility. ‘Common sense’ Main, a former Progressive Conservative MLA in Alberta, isn’t opposed to the “conservative” label for PACE, but it’s not a word he would use himself, nor is it one he’s heard at their meetings. Rather, he hears “common sense, business-friendly, community-oriented.” The party will stay away from a “hard left, hard right kind of ideology,” focusing on local issues instead of getting “distracted by trying to solve international problems.” “We want the city to focus on the things that a city should focus on — clear the snow, fix the potholes, mow the grass, collect the garbage. Those aren’t ideological, partisan issues,” Main said. “There’s no way anybody in Edmonton is going to solve forest fires in Australia. Focus on what’s going on here.” He agrees the party could also be seen as a referendum on Edmonton’s municipal plan, the City Plan, with frustrations around bike lanes, neighbourhood renewals, public consultations, and the 15-minute city planning principle — though he knows the conspiracy theory is not true. PACE is not affiliated with provincial or federal political parties. Hansen-Carlson said they want to be a party that enables good ideas and empowers experts regardless of where they may fall on a political spectrum. “Good ideas come from all across the spectrum,” he said. “This city needs to get really good at doing great ideas, and we need to empower people that want to take risks and build it.” Hansen-Carlson will be known to some Edmontonians as the man behind the push to build a gondola across the North Saskatchewan River. But since city council grounded that idea in 2022, he doesn’t think it’s coming back. “This mayor and council chased away $175 million (of private money) that was going to be invested in building the experience economy in our core at a time when the city was desperate for something, because their egos got in the way of a sound decision,” he said. “But that money is never coming back to Edmonton.” Neither Hansen-Carlson or Main plan to run for office. lboothby@postmedia.com @laurby Recommended from Editorial Edmonton Coun. Tim Cartmell running for mayor with new political party David Staples: Anger at Edmonton city hall, and Trudeau, gives birth to a new right-wing party Bookmark our website and support our journalism: Don’t miss the news you need to know — add EdmontonJournal.com and EdmontonSun.com to your bookmarks and sign up for our newsletters . You can also support our journalism by becoming a digital subscriber. Subscribers gain unlimited access to The Edmonton Journal, Edmonton Sun, National Post and 13 other Canadian news sites. The Edmonton Journal | The Edmonton SunGoldman Sachs CEO David Solomon sells $4 million in stock
Laboratory Freezer Market Outlook: World Approaching Demand & Growth Prospect 2024-2030 12-03-2024 09:19 PM CET | Advertising, Media Consulting, Marketing Research Press release from: DiMarket Laboratory Freezer Market Data Insights Market published a new research publication on "Laboratory Freezer Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Laboratory Freezer Market was mainly driven by the increasing R&D spending across the world. Get Free Exclusive PDF Sample Copy of This Research @ https://datainsightsmarket.com/report/laboratory-freezer-market-8619/sample-report?utm_source=OpenPR/utm_medium=Rahul Some of the key players profiled in the study are: Thermo Fisher Scientific Inc, LabRepCo Holding Corporation, Panasonic Healthcare Co Ltd, Haier lnc, Evermed S R L, Eppendorf AG, Arctiko A/S, Philipp Kirsch GmbH, Helmer Scientific, Antylia Scientific. The size of the Laboratory Freezer Market was valued at USD XX Million in 2023 and is projected to reach USD Million by 2032, with an expected CAGR of 4.50% during the forecast period. The titled segments and sub-section of the market are illuminated below: Type: Plasma Freezers, Enzyme Freezers, Flammable Material Freezers, Others, End User: Blood Banks, Medical Laboratories, Pharmaceutical & Biotechnology Companies, Others Market Trends: Plasma Freezers Segment is Expected to Witness a Growth Over the Forecast Period Market Drivers: Increasing Demand for Blood and Blood Components; Growing Number of Organ Transplant Procedures; Technological Advancements in Laboratory Freezers What Can be Explored with the Laboratory Freezer Market Study •Gain Market Understanding •Identify Growth Opportunities •Analyze and Measure the Global Laboratory Freezer Market by Identifying Investment across various Industry Verticals •Understand the Trends that will drive Future Changes in Laboratory Freezer Market •Understand the Competitive Scenario - Track Right Markets - Identify the Right Verticals Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc. Have Any Questions Regarding Global Laboratory Freezer Market Report, Ask Our Experts@ https://datainsightsmarket.com/report/laboratory-freezer-market-8619/enquiry-before-buy?utm_source=OpenPR/utm_medium=Rahul Strategic Points Covered in Table of Content of Global Laboratory Freezer Market: Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Laboratory Freezer Market Chapter 2: Exclusive Summary - the basic information of the Laboratory Freezer Market. Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Laboratory Freezer Market Chapter 4: Presenting the Laboratory Freezer Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis. Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020 Chapter 6: Evaluating the leading manufacturers of the Laboratory Freezer Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2024-2030) Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source finally, Laboratory Freezer Market is a valuable source of guidance for individuals and companies. Read Detailed Index of full Research Study at @ https://datainsightsmarket.com/report/laboratory-freezer-market-8619/checkout?type=corporate?utm_source=OpenPR/utm_medium=Rahul Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia. Contact Us: Craig Francis (PR & Marketing Manager) DiMarket Unit No. 429, Parsonage Road Edison, NJ New Jersey USA - 08837 Phone: +1(201) 7937323, +1(201) 7937193 mailto:sales@archivemarketresearch.com sales@marketresearchforecast.com About Author: DiMarket is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies' revenues. Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enables clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As. This release was published on openPR.HOUSTON, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) (“Intuitive Machines” or the “Company”), a leading space exploration, infrastructure, and services company, announced today that it has commenced an underwritten public offering of $65.0 million of shares of its Class A common stock (“Class A Common Stock”) (the “Offering”). The Company and a selling stockholder intend to grant the underwriters a 30-day option to purchase up to an additional $8,872,500 and $877,500 of shares of Class A Common Stock from the Company and such selling stockholder, respectively. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering. Additionally, on December 2, 2024, the Company entered into an agreement with Boryung Corporation (together with its affiliates, “Boryung”), an accredited investor, pursuant to which the Company will sell to Boryung $10.0 million of shares of Class A Common Stock in a concurrent private placement (the “Private Placement”) at a purchase price per share equal to the public offering price per share in the Offering. The offer and sale of the Company’s Class A Common Stock pursuant to the Private Placement will be made in reliance upon the exemption from registration under the Securities Act of 1933, as amended, (the “Securities Act”) provided by Section 4(a)(2) thereunder. The Private Placement is contingent upon the consummation of the Offering and the satisfaction of certain other customary closing conditions. The consummation of the Offering is not contingent on the consummation of the Private Placement. The Company intends to use the net proceeds it receives from the Offering and the Private Placement, together with its existing cash, cash equivalents and short-term investment balance, to acquire an equivalent number of newly-issued common units of Intuitive Machines, LLC (“Intuitive Machines OpCo”) from Intuitive Machines OpCo, which Intuitive Machines OpCo will in turn use for general corporate purposes, including operations, research and development and potential mergers and acquisitions. In the event the underwriters exercise their option to purchase additional shares, the Company will not receive any of the proceeds from the sale of any shares of Class A Common Stock being sold by the selling stockholder. Intuitive Machines will bear the costs associated with the sale of such shares, other than the underwriting discounts and commissions payable by the selling stockholder. BofA Securities, Cantor, Barclays and Stifel are acting as the lead joint book-running managers for the Offering. Roth Capital Partners is acting as a book-running manager for the Offering. The offer and sale of the securities pursuant to the Offering is being made pursuant to an effective shelf registration statement that was filed with the Securities and Exchange Commission (the “SEC”) and became effective on April 3, 2024. The Offering will be made only by means of a prospectus supplement and accompanying prospectus forming part of the effective registration statement relating to these securities. A copy of the prospectus supplement and the accompanying prospectus relating to these securities may be obtained, when available, from the website of the SEC at www.sec.gov . Alternatively, copies of the prospectus supplement and accompanying prospectus may be obtained, when available, from BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attention: Prospectus Department, or by email at dg.prospectus_requests@bofa.com ; Cantor, 110 East 59th St., 6th Floor, New York, NY 10022, Attention: Capital Markets, or by email at prospectus@cantor.com ; Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (888) 603-5847 or by email at barclaysprospectus@broadridge.com ; or Stifel, One Montgomery Street, Suite 3700, San Francisco, California 94104, Attention: Syndicate, by telephone at (415) 364-2720 or by email at syndprospectus@stifel.com . The securities to be offered and sold in the Private Placement have not been registered under the Securities Act or any state’s securities laws. Accordingly, the securities may not be offered or sold in the United States, except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act. The prospectus supplement and the accompanying prospectus related to the Offering are not an offer to sell or a solicitation of an offer to buy any securities in connection with the Private Placement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Intuitive Machines Intuitive Machines is a diversified space exploration, infrastructure, and services company focused on fundamentally disrupting lunar access economics. In 2024, Intuitive Machines successfully landed the Company’s Nova-C class lunar lander, Odysseus, on the Moon, returning the United States to the lunar surface for the first time since 1972. The Company’s products and services are offered through its four in-space business units: Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure. For more information, please visit intuitivemachines.com . Forward-Looking Statements This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements that do not relate to matters of historical fact should be considered forward looking. These forward-looking statements generally are identified by words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would,” “strategy,” “outlook,” the negative of these words or other similar expressions, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include but are not limited to statements regarding: our anticipated use of net proceeds from the Offering and the Private Placement; the terms and size of the Offering and the timing and manner of the Offering; the satisfaction of closing conditions related to the Private Placement; our expectations and plans relating to our lunar missions, including the expected timing of launch and our progress and preparation thereof; our expectations with respect to, among other things, demand for our product portfolio, our submission of bids for contracts; our expectations regarding revenue for government contracts awarded to us; our operations, our financial performance and our industry; our business strategy, business plan, and plans to drive long-term sustainable shareholder value; and our expectations on revenue and cash generation. These forward-looking statements reflect the Company’s predictions, projections, or expectations based upon currently available information and data. Our actual results, performance or achievements may differ materially from those expressed or implied by the forward-looking statements, and you are cautioned not to place undue reliance on these forward-looking statements. The following important factors and uncertainties, among others, could cause actual outcomes or results to differ materially from those indicated by the forward-looking statements in this press release: our reliance upon the efforts of our key personnel and board of directors to be successful; our limited operating history; our failure to manage our growth effectively and failure to win new contracts; competition from existing or new companies; unsatisfactory safety performance of our spaceflight systems or security incidents at our facilities; failure of the market for commercial spaceflight to achieve the growth potential we expect; any delayed launches, launch failures, failure of our satellites or lunar landers to reach their planned orbital locations, significant increases in the costs related to launches of satellites and lunar landers, and insufficient capacity available from satellite and lunar lander launch providers; our customer concentration; our reliance on a single launch service provider; risks associated with commercial spaceflight, including any accident on launch or during the journey into space; risks associated with the handling, production and disposition of potentially explosive and ignitable energetic materials and other dangerous chemicals in our operations; our reliance on a limited number of suppliers for certain materials and supplied components; failure of our products to operate in the expected manner or defects in our sub-systems; counterparty risks on contracts entered into with our customers and failure of our prime contractors to maintain their relationships with their counterparties and fulfill their contractual obligations; failure to successfully defend protest from other bidders for government contracts; failure to comply with various laws and regulations relating to various aspects of our business and any changes in the funding levels of various governmental entities with which we do business; our failure to protect the confidentiality of our trade secrets, and unpatented know how; our failure to comply with the terms of third-party open source software our systems utilize; our ability to maintain an effective system of internal control over financial reporting, and to address and remediate material weaknesses in our internal control over financial reporting; the U.S. government’s budget deficit and the national debt, as well as any inability of the U.S. government to complete its budget process for any government fiscal year, and our dependence on U.S. government contracts and funding by the government for the government contracts; our failure to comply with U.S. export and import control laws and regulations and U.S. economic sanctions and trade control laws and regulations; uncertain global macro-economic and political conditions (including as a result of a failure to raise the “debt ceiling”) and rising inflation; our history of losses and failure to achieve profitability in the future or failure of our business to generate sufficient funds to continue operations; the cost and potential outcomes of potential future litigation; our public securities’ potential liquidity and trading; the sufficiency and anticipated use of our existing capital resources to fund our future operating expenses and capital expenditure requirements and needs for additional financing, including the Offering and the Private Placement; and other public filings and press releases other factors detailed under the section titled Part I, Item 1A. “Risk Factors” of our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 filed with the SEC, the section titled Part I, Item 2. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the section titled Part II. Item 1A. “Risk Factors” in our most recently filed Quarterly Report on Form 10-Q, our Current Reports on Form 8-K and in our subsequent filings with the SEC, which are accessible on the SEC's website at www.sec.gov . These forward-looking statements are based on information available as of the date of this press release and current expectations, forecasts, and assumptions, and involve a number of judgments, risks, and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws. Contacts For investor inquiries: investors@intuitivemachines.com For media inquiries: press@intuitivemachines.com This press release was published by a CLEAR® Verified individual.
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