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An anonymous social media user, who claims to be a Peta investigator, claimed that Buterball employees are sexually abusing turkeys. The allegation, from a 2006 investigation, has sparked outrage against the poultry brand days before Thanksgiving. In the video, the person says they were undercover when they saw workers sexually assaulting the birds before slaughtering them. The alleged investigator that details the incidents, claiming employees humped shackled turkeys and inserted fingers into the birds' cloacas, which they described as their 'vaginas'. A video also surfaced on social media, showing a worker roughly handling a turkey while another one appears to be kicking the bird. "I kicked the f*ck out of the motherf***er." Read More: Donald Trump Has No Plans To Remove Trans Troops From Military: Official Another clip shows a worker sitting on a turkey. PETA launched an undercover investigation into Butterball's Ozark, Arkansas location between April and July 0f 2006. It was revealed that workers performed sexual assault against the birds. "Nothing humane had ever happened in a slaughterhouse," Vegan Campaign Project Manager for PETA, Amber Canavan, told Daily Mail. Read More: Jack Smith Files Motion To Drop Election Case Against Donald Trump | DETAILS The investigator's witness log read: "One worker took a live bird and stomped on her head, crushing her skull until her head exploded. He then laughed and wiped the blood from his leg. He also threw birds against the concrete and punched others." The Peta employee added that birds' eyeballs 'popped out' and spines were 'exposed' and limbs 'ripped off'. "The workers at this plant were clearly not trained in animal welfare - some workers even bragged about their abuse," they added. Are Butterball Turkeys Recalled? The FDA has not issued a recall yet. Butterball's Response: Butterball acknowledged the footage, saying it "does not reflect our current animal welfare policies," according to a spokesman. Get Latest News Live on Times Now along with Breaking News and Top Headlines from US News, World and around the world.Utah Hockey Club walks to arena after bus gets stuck in Toronto trafficCOO works to keep planes running on time

TRENTON, N.J. (AP) — A large number of mysterious drones have been reported flying over parts of New Jersey and have been spotted in recent days across the eastern U.S., sparking speculation and concern over where they are coming from and why. New Jersey Gov. Phil Murphy and U.S. Sen. Andy Kim have both gone out on drone hunts, hoping for answers. Murphy posted on X Sunday night that he went out with state police officials in West Trenton, New Jersey, surveying the area for drones. “The public deserves clear answers — we will keep pushing the federal government for more information and resources,” he said. Murphy and law enforcement officials have stressed that the drones don’t appear to be a threat to public safety , but many state and municipal lawmakers have nonetheless called for stricter rules about who can fly the unmanned aircraft. The FBI is among several agencies investigating and has asked residents to share videos, photos and other information they may have about the drones. Dozens of witnesses have reported seeing them in the state since mid-November. At first they were spotted flying along the scenic Raritan River, which feeds the Round Valley Reservoir, the state's largest aquifer, about 50 miles (80 kilometers) west of New York City. But soon sightings were reported statewide, including near the Picatinny Arsenal, a military research and manufacturing facility, and over President-elect Donald Trump’s golf course in Bedminster. Republican U.S. Rep. Chris Smith said a Coast Guard commanding officer told him a dozen drones closely followed a Guard lifeboat earlier this month. The growing anxiety among some residents is not lost on the Biden administration, which has faced criticism from Trump for not dealing with the matter more aggressively. In a call with reporters Saturday that was organized by the White House, senior officials from the FBI, Pentagon, Federal Aviation Administration and other agencies sought to assure people that the drones are not a national security or public safety threat, or the handywork of a malicious foreign actor. The White House has said a review of the reported sightings shows that many of them are actually manned aircraft being flown lawfully, echoing the opinion of officials and drone experts. The federal Homeland Security Department and FBI also said in a joint statement they have no evidence that the sightings pose “a national security or public safety threat or have a foreign nexus.” Authorities say they do not know. The FBI, Homeland Security and state police are investigating the sightings. Authorities say they don’t know if it is one drone that has been spotted many times or if there are multiple aircraft being flown in a coordinated effort. Speculation has raged online, with some expressing concerns that the drone or drones could be part of a nefarious plot by foreign agents. Officials stress that ongoing state and federal investigations have found no evidence to support those concerns, but Rep. Smith on Saturday echoed such speculation. “The elusive maneuvering of these drones suggests a major military power sophistication that begs the question whether they have been deployed to test our defense capabilities — or worse — by violent dictatorships, perhaps maybe Russia, or China, or Iran, or North Korea,” he said. Pentagon spokeswoman Sabrina Singh said Wednesday that the aircraft are not U.S. military drones. In Boston, city police arrested two men accused of operating a drone “dangerously close” to Logan Airport on Saturday night. Authorities said an officer using drone monitoring technology detected the aircraft and the location of the operators. A third man fled police and remains at large. Authorities said the two men face trespassing charges and could face more charges and fines. Drones flying around Wright-Patterson Air Force Base near Dayton, Ohio, forced base officials to close its airspace for about four hours late Friday into early Saturday, said Robert Purtiman, a base spokesperson. It was the first time drones had been spotted at the base, one of the largest in the world, and no sightings have been reported since early Saturday, Purtiman said Monday. He would not say how many drones were flying in the area, adding that they ranged in size and that they did not impact any facilities on the base. Trump has said he believes the government knows more than it’s saying. “Let the public know, and now. Otherwise, shoot them down!!!” he posted on his social media site. Sen. Richard Blumenthal of Connecticut said Thursday that the drones should be “shot down, if necessary.” A New Jersey congressman has urged the Pentagon to authorize the use of force to bring down one or more drones to try to figure out who deployed them. The objects could be downed over the ocean or in an unpopulated area on land, Smith said Saturday at a news conference. “Why can't we bag at least one of these drones and get to the bottom of it?” Smith said. Monmouth County Sheriff Shaun Golden said people should not take it into their own hands to shoot down drones, as that would violate state and federal laws. Drone sightings have now been reported in New York, where a permit is required, and Mayor Eric Adams said the city was investigating and collaborating with New Jersey and federal officials. The runways at Stewart International Airport — about 60 miles (100 kilometers) north of the city — were shut down for about one hour Friday night because of drone activity in the airspace, Gov. Kathy Hochul said. “This has gone too far,” she said in a statement. The governor called on Congress to strengthen the FAA’s oversight of drones and give more investigative authority to state and local law enforcement. Two people said they spotted an aircraft Thursday night near Virginia Beach that was unlike any other they’ve seen. The object was over the ocean, and they watched as it slowly moved over an Army National Guard facility, John Knight told The Virginian-Pilot. “It flew like a helicopter but made no noise,” he said. The Virginia National Guard said it was aware of the incident and it was under investigation. Another military installation in the area is Naval Air Station Oceana Dam Neck Annex. NAS Oceana, the East Coast master jet base in Virginia Beach, is aware of recent reports of sightings in the area and is coordinating with federal and state agencies to ensure the safety of its personnel and operations, Katie Hewett, public affairs officer, said Friday by email. In Massachusetts, 10 to 15 drones were reported hovering over a home Thursday night in Harwich on Cape Cod. A resident told police they were bright and she observed them for more than an hour. Earlier that evening, an off-duty police officer in the same town noticed similar activity near a public safety complex, police said. The information was forwarded to the FBI and Massachusetts State Police. Associated Press writers John Seewer in Toledo, Ohio; Bruce Schreiner in Shelbyville, Kentucky; and Aamer Madhani in West Palm Beach, Florida, contributed.

Two arrested for allegedly flying drone ‘dangerously close’ to Boston airportSaints hope to ride the Rizzi factor back to relevance after their bye week

There's no time like the present to start (or finish) your holiday gift shopping. After all, are still up and running, so you can save big on top tech, fashion, home items and more. But if you're working with little to no input from the people you're shopping for, don't worry. Our team of shopping editors have turned researching and buying products into a career, so they know a thing or two about what's worth adding to your cart. Seenlast Candle Warmer Lamp with Timer Mulberry Silk Pillowcase, Standard Size Venustas Men's Polar Fleece Heated Jacket Lillusory Oversize Cardigan Lego Icons Tiny Plants Building Set Britannica's First Big Book of Why Amazon Fire HD 8 tablet (2024) Uproot Cleaner Pro Pet Hair Remover Asakuki 5-in-1 Essential Oil Diffuser Majestic Pure Sweet Orange Body Scrub L'ange Hair Le Styliste Luxury Hair Dryer Tile by Life360 Sticker, 2-Pack Ugg Euphoria Plush Faux Fur Reversible Throw Blanket Bose Ultra Open Earbuds Amazon Fire TV Stick 4K Max (Newest Model) Travelpro Platinum Elite Hardside Expandable Carry-on Luggage ESW Beauty Raw Juice Cleanse Mask Set Polar Verity Sense Optical Heart Rate Monitor Armband Polar Pacer Ultra-Light GPS Fitness Tracker Smartwatch for Runners Renpho Eyeris 1 Eye Massager with Heat Warm Pals Microwavable Lavender-Scented Spidey The Spider That said, we've compiled a list of the that you can get on sale during the , up to 60% off. For the winter homebodies, might we suggest a or a ? On the other hand, if you're shopping for a frequent flier, we love a and these . And for the movie buff, you can't beat the , which offers the best, crystal-clear picture of all the streaming sticks. But that's just a few gift ideas — keep scrolling for more! We've listed over 20 of our favorite items to give and receive from Amazon. But if you don't see something on this list that strikes your fancy, check out our for and , along with ideas for your upcoming or gift exchanges. "As someone whose greatest fear is burning my house down, I'm a little obsessed with these pretty yet practical gadgets. Not only do they allow you to enjoy the scent of your favorite candles without any flame, they can also extend their lives as well. I plan on getting a few of these to gift to family and friends this year; at under $30, it's a small price to pay for some peace of mind." "I'm a huge fan of my silk pillowcase — I feel like royalty while sleeping on the smooth surface, but it also keeps my hair from breaking and frizzing at night. This holiday season, I'm going to spread the wealth and gift these to friends and family. At just $9, it makes the perfect stocking stuffer. You can also choose from tons of different colors — everything from neutrals to bright pink and teal — so there's a style for everyone on your list." "Do you know how hard it is to get a tween boy to wear any sort of coat or jacket? Well, I've finally found a workaround: This battery-pack-powered fleece. It's light enough not to bug a coat-averse kid from the get-go, and they can toggle between three heat levels by pressing a button. If you're not part of the bus-stop crew, never fear — it would be a great gift for anyone who wants a little extra warmth without the bulk this winter." "This oversize cardigan looks very similar to an expensive Jenni Kayne one that's $395, but obviously, this one is a fraction of the price. I got one last year and it's super soft, comfy and washes well — so I had to get two more. This year, I'm going to gift one to my mom. They're great for layering over a T-shirt with jeans or leggings and especially great for travel. I know my snowbird mother will take hers on the plane to Florida this year, and when she lands, it won't take up too much room in her tote bag." "Black thumb? No problem. These teeny-tiny plants are impossible to kill. This 758-piece set is one of the most popular Lego releases from the last year — and that's saying something since they recently earned the title of the most-searched toy brand on ." "My son just started asking 'why?' incessantly, so I'm leaning heavily into early learning resources. I love Britannica's educational books like this , and with 10 nieces (yes, all nieces) and my own two kids to nerd out with, I'll be sharing the love with titles like and ." "The best budget tablet just got a refresh, and while the updates are pretty modest, this is still an amazingly versatile device — especially at the Cyber Monday price of just $55. Amazon even managed to bake some new AI features into the Fire HD 8, like e-mail proofreading and natural-language web page summaries. Before you spend a small fortune on an iPad Mini, you owe it to yourself to catch Fire. Read my to learn more." — "This is a worthy stocking stuffer for any pet owner. It grabs hair from rugs, upholstery, pet beds — basically, any pet-loved place or perch — way more effectively than a vacuum, and you can use it over and over, so say goodbye to those annoying rollers of sticky tape. The only downside is that once you use it, you'll realize that your house has not actually been clean since you brought home Fido or Fluffy," "More and more research shows that inhaling certain scents throughout the day (such as rosemary and peppermint) can lead to increased focus and mental clarity overall. This diffuser is wildly well reviewed and it will look cute in my (or my gift recipient's) office too." "This bright, invigorating all-natural scrub is made from some of the most skin-nourishing ingredients around, including sweet orange oil, dead sea salt, organic aloe vera juice and coconut oil. The scent is more tart than candy-sweet and it's amazingly effective for sloughing off dead skin cells. And the price can't be beat." "If you really want to treat someone this season, get them the L'ange Le Stylist hair dryer. It's super lightweight, dries hair fast and leaves hair silky smooth. My mom bought one over the summer and made me compare it to my Dyson, and I have to say, I like this one better! It's so much lighter. Unfortunately, she took hers on a trip abroad and it broke, but she loved it so much she bought another one. Now I feel like my beauty-loving teen goddaughter may need one for Christmas (and maybe me too)." "I love my husband dearly, but he's never met a TV remote that he didn't near-immediately lose somewhere — in the couch cushions, under the coffee table, sometimes in different rooms from the television entirely. Tile Stickers have been a lifesaver for when we're struggling to locate the Roku clicker, soundbar remote, etc., and I have a feeling this two-pack will come in very handy for a variety of these kinds of items. They're perfect for gifting to any similarly-absent-minded loved ones too — stocking stuffer, anyone?" "Who doesn't want to curl up in a ridiculously soft blanket during the winter months? There is nothing I love more than hanging on my couch underneath a pile of blankets, so I plan on adding this faux fur one from Ugg into the mix. It's machine-washable and neutral enough to go with any home decor. While this throw is on sale, I plan on snagging it right away." "I usually don’t wear earbuds since they tend to fall out of my ears, but a few months ago, Bose gifted me a pair of these Ultra Open Earbuds, and I can’t get enough of them! They fit like an ear cuff, so they actually stay put. Plus, they're not noise-cancelling, which I love because I can still hear the world around me. This makes me feel a lot safer while I’m out walking. And I’m definitely not alone in loving them — Oprah even featured them on her this year! Now that they're on sale, I’m thinking they’d make the perfect Christmas gift for my sister." "Even at full price, the Fire TV Stick 4K Max was the budget pick in our . At nearly 50% off, it's a steal. Amazon's streamer may not have the easiest interface in the world, but it does have lightning-fast Wi-Fi, robust parental controls and some of the best gaming options anywhere — including support for Xbox Game Pass (basically console gaming without the console). All for a measly $30." "As someone who always travels with just a carry-on, no matter how long the trip, I have to say this Travelpro suitcase is a total dream! It rolls so effortlessly, and the contour grip handle feels super comfortable to hold. I love how both sections have zippered panels that help compress my belongings, plus there are multiple pockets for all my smaller items. The best part? It has an expansion zipper that gives me an extra two inches of space, which is a lifesaver when I get carried away with souvenir shopping!" "I love these ESW face masks. I often buy them to stick in birthday cards as a small treat or bring them on trips to share with friends. This 'juice cleanse' multipack comes with five fruit-forward masks for detoxing pores, brightening, moisturizing and soothing skin and providing anti-aging benefits. And just to note, I have sensitive skin that's prone to breakouts and they've always helped, never irritated my skin. They're great stocking stuffers, but I'll also give out a few to my girlfriends this holiday season." "Not everyone likes wearing a watch or ring while exercising. For the fitness buff who wants to track their heart rate and intensity level without restricting wrist or hand movement, Polar's Verity Sense armband is the way to go — Polar is known for its top-notch heart rate products" "For anyone who runs, hikes or bikes and wants a GPS watch, this lightweight Polar Pacer is an excellent choice. It's also good for tracking general activity and fitness metrics and includes a built-in heart rate monitor." "If you're anything like me, then you stare at a computer for at least eight hours a day. And there's the time spent scrolling TikTok and Instagram after-hours. And, ya know, the hours spent bingeing the latest Netflix release. Well, this heated massager will nip the all-too-inevitable eye strain in the bud. Switch between five different modes until you find the right level of heat, vibration and compression. You can even play some music — either the stuff that comes pre-loaded or your own tunes via Bluetooth — to really zen out. It's a must for anyone looking to amp up their self-care routine in the year ahead, aka everyone you know." "Weighted blankets and toys can help kids calm down, and these lavender-scented, microwavable stuffed animals are on my list to buy for my own kids this year. This spider to match my son's Spiderman theme, and the for my daughter. Anything to make bedtime a little easier, right?" If you have , you'll get free shipping, of course. Not yet a member? No problem. . (And by the way, those without still get free shipping on orders of $35 or more.)NEW YORK , Dec. 2, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The software testing services market in australia size is estimated to grow by USD 1.42 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 11.4% during the forecast period. Need for cost reduction and faster time-to-market is driving market growth, with a trend towards evolution of software testing labs. However, availability of open-source and free testing tools poses a challenge. Key market players include Accenture PLC, Amdocs Ltd., Atos SE, Capgemini Services SAS, Cigniti Technologies Ltd., Cognizant Technology Solutions Corp., Deloitte Touche Tohmatsu Ltd., DXC Technology Co., Expleo Group SAS, HCL Technologies Ltd., Hexaware Technologies Ltd., Infosys Ltd., International Business Machines Corp., LogiGear Corp., Nippon Telegraph and Telephone Corp., Planit Test Management Solutions Pty Ltd., QualiTest Group, QualityLogic Inc., Tata Consultancy Services Ltd., and Wipro Ltd.. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Software Testing Services Market In Australia Scope Report Coverage Details Base year 2023 Historic period 2018 - 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 11.4% Market growth 2024-2028 USD 1416.1 million Market structure Fragmented YoY growth 2022-2023 (%) 10.1 Regional analysis Australia Performing market contribution APAC at 100% Key countries Australia Key companies profiled Accenture PLC, Amdocs Ltd., Atos SE, Capgemini Services SAS, Cigniti Technologies Ltd., Cognizant Technology Solutions Corp., Deloitte Touche Tohmatsu Ltd., DXC Technology Co., Expleo Group SAS, HCL Technologies Ltd., Hexaware Technologies Ltd., Infosys Ltd., International Business Machines Corp., LogiGear Corp., Nippon Telegraph and Telephone Corp., Planit Test Management Solutions Pty Ltd., QualiTest Group, QualityLogic Inc., Tata Consultancy Services Ltd., and Wipro Ltd. Market Driver The Software Testing Services market is thriving, with a focus on ensuring quality and dependability in the Software Development Lifecycle. Companies prioritize testing for various software applications, including mobile apps, to enhance functionality and user experience. Trending testing methodologies and techniques include QA (Quality Assurance), Functional Testing, Manual Testing, Component Testing, Unit Testing, and various lifecycles like JUnit, Pytest, and NUnit for code correctness. Bug detection is crucial, leading to code refactoring and documentation. Continuous Integration (CI) is essential for evaluating and verifying software products throughout the development process. Black Box, White Box, and Gray Box Testing, Integration Testing, and various strategies like Big-Bang Integration are employed for comprehensive testing. Performance, design, deployment, and acceptance testing are critical aspects, with a shift towards shift-left and shift-right testing strategies for faster delivery. Strategic app modernization and digital transformation drive transformational success, necessitating testing for various aspects like security, usability, and exploratory testing. Vulnerabilities and stress testing are vital for ensuring software reliability and user satisfaction. On-demand testing services have emerged as a cost-effective solution for managing the software testing life cycle (STLC) in organizations. Previously, companies invested heavily in establishing software test labs to handle testing operations. These labs required significant upfront costs for setting up test environment management. On-demand test labs offer a more affordable alternative, providing test environments for software testers based on their specific requirements. Testers pay for these services only when they use the test lab, making it an ideal choice for collaborative software testing in a multiplatform environment. This model ensures high-quality software development while reducing the financial burden associated with maintaining a permanent test lab. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This software testing services market in Australia report extensively covers market segmentation by 1.1 Application testing- The application testing segment of the software testing services market in Australia is projected to expand due to the rising number of applications being developed and the increasing usage of smartphones. According to the Australian Competition and Consumer Commission, the number of apps available to consumers from approximately 130 million in 2016 to 1.1 billion in 2023. The top three apps used daily by Australians, across both the Google Play Store and Apple App Store (for iPhone), were Facebook, Facebook Messenger, and Instagram in January 2022 . Factors such as the growth in e-commerce spending, the widespread adoption of smartphones, a preference for mobile applications in daily life, and the development of mobile applications for the banking sector are expected to primarily fuel the expansion of the application testing segment in Australia during the forecast period. Application testing involves assessing the functionality, consistency, and usability of desktop, mobile, and web applications. For web application testing, factors like business logic, application integrity, functionality, data flow, and hardware and software compatibility are evaluated. Web applications undergo testing for performance, security, and load, as well as cross-browser testing, beta testing, compatibility testing, exploratory testing, regression testing, multilanguage support testing, and stress testing. Mobile application software testing includes UI testing, security testing, functionality and compatibility testing, and regression testing. Three application testing methodologies exist: black box, white box, and grey box. In black box testing, the software is assessed for the expected output given a specific input, regardless of the internal workings. White box testing evaluates an application based on the logic within it. Grey box testing combines elements of both black box and white box testing. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis The Software Testing Services market focuses on ensuring the quality, dependability, and functionality of Software Applications throughout the Software Development Lifecycle. Testing plays a crucial role in identifying and resolving issues, improving code correctness, and enhancing the user experience. Various testing methodologies and techniques are employed, including Manual Testing, Functional Testing, Component Testing, Unit Testing, and Integration Testing. QA (Quality Assurance) teams utilize testing strategies like Black Box Testing, White Box Testing, and Gray Box Testing. Techniques like JUnit, Pytest, and NUnit are used for Unit Testing, while Integration Testing and Integration Strategies ensure seamless interaction between components. Bug Detection and Code Refactoring are essential parts of the process, with Continuous Integration (CI) facilitating regular testing and documentation maintaining transparency. Market Research Overview The Software Testing Services market plays a crucial role in ensuring the quality, dependability, and functionality of Software Applications throughout the Software Development Lifecycle. Testing is an essential part of the SDLC, focusing on evaluating and verifying the software product's performance, design, and compliance with requirements. Testing methodologies include Manual Testing, Functional Testing, Component Testing, Unit Testing, and various types like Black Box Testing, White Box Testing, and Gray Box Testing. Techniques include Code Correctness, Bug Detection, Code Refactoring, and Documentation. Quality Assurance (QA) practices employ testing techniques to identify and address issues before deployment. Unit Testing Lifecycle, with frameworks like JUnit, Pytest, and NUnit, ensures code correctness. Integration Testing, with strategies like Big-Bang Integration, addresses interoperability between components. Performance, design, and security testing are crucial for ensuring software reliability and user experience. Continuous Integration (CI) and Shift-left/right testing strategies help streamline the testing process and improve delivery speed. Strategic app modernization and digital transformation initiatives also require testing services for transformational success. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/software-testing-services-market-in-australia-to-grow-by-usd-1-42-billion-2024-2028-driven-by-cost-reduction-and-faster-time-to-market-with-ai-redefining-market-landscape---technavio-302319421.html SOURCE Technavio

( ) stock zoomed on the news that the company will be taken private by Mubadala Capital, an asset manager based in Abu Dhabi. Will the deal actually go through, or might it face government scrutiny? advisor Jim Gillies shares his take. Prefer to read? There’s a transcript below. Transcript Nicholas Sciple: I’m Motley Fool Canada senior analyst Nick Sciple, and this is the “Five-Minute Major,” here to make you a smarter investor in about five minutes. Today we’re discussing CI Financial’s CAD$12.1 billion enterprise value deal to go private. My guest today is lead advisor, Jim Gillies. Jim, thanks for joining me. Jim Gillies: Thanks for the invite and the discussion, Nick. Nick: Jim, we’ve got a big deal to discuss today. On Monday, November 25, Canadian wealth management giant CI Financial announced it had agreed to go private at $32 per share in an all-cash deal to be acquired by Abu Dhabi-based Mubadala Capital. Jim, you’ve been following CI Financial for some time. What did you make of the deal? Jim Gillies: Yeah, I’ve been following for a while. I’ve owned it for two decades on and off myself and recommended in a couple of Foolish newsletters. I was unsurprised that something happened, and yet surprised that it was this definitive. What I’d actually been expecting is, over the past few years, CI has been really diligently and somewhat aggressively, frankly, building up a U.S. wealth management arm that they call Corient. In fact, about a year and a half ago — a year and four months ago — the same Abu Dhabi-based investors were at least partially involved with CI taking on an investment in the U.S. wealth management business called Corient. They took in a billion dollar U.S. stake, in part funded by the Abu Dhabi investment authority, as well as Bain Capital, the state of Wisconsin (for some reason, anyway, that was a little odd). But Abu Dhabi was invested. It was involved there. At the time, you’d take a billion-dollar investment for a 20% stake in a sub area of the business. It was a little weird because the entire market cap of CI at the time was about CAD$2.6 billion. The enterprise value — so cash or the market cap plus net debt — was CAD$5.7 billion. And here was an investment in Corien that valued just Corian at US$ 5 billion. So this was one reason why we had it in a couple services. What I was expecting to come down the pipe in the next couple of years was the the U.S. IPO of Corien. That may, in fact, happen in the next couple years. But I was not expecting that the Abu Dhabi investors, Mubadala Capital, would move to buy the whole thing. That did genuinely surprise me. Nick: Yeah, Jim, this is the biggest investment I can remember of a Middle East investor in Canada. Any chance that impacts closing the deal? Given that this entire Canadian business is being taken private, or, on the other hand, do you think we could see more of these deals of large Middle East investment companies becoming involved in the Canadian market? Jim: Well, I’m not sure of Middle Eastern, but I’m going to go just general foreign takeovers, or maybe foreign takeovers that aren’t U.S. companies. But you know, I look back to 2010; Australian giant BHP Billiton was trying to take over Potash Corp. of Canada, which had previously been the largest company in Canada. The government of the day blocked it. Said it wouldn’t be a net benefit to the country. And why, that’s interesting to me today is: Yes, I think this deal could fall through, but it won’t be because the people involved somehow don’t want it to be. I mean, the insiders are rolling some equity. The chairman, Bill Holland, is rolling some equity. Everybody’s praising the detail of the deal in the press release today. One of the subheadings in the deal press release made me pause, and this comes ahead of any of the transaction details or the board recommendation. There is a section about a third or even a quarter of the way through the press release. The title is “Benefits to Canada.” This, to me, sounds like the people involved here are expecting the Canadian government to take a look at this as a potential foreign takeover similar to BHP proposing to take over Potash and going, “No.” I think they are worried that the Canadian government might prevent this. And so they’re trying to get out ahead and not detail the potential benefits to shareholders, but benefits to the country. And they talk about maintaining leadership, maintaining jobs, maintaining headquarters, and most importantly maintaining CI’s philanthropic support of charitable organizations across Canada. I thought that was interesting, and yes, I think it could signal that they are at least worried the deal will fall through. Nick: And we’ll see where things go from here. This may not be the last episode in this transaction, but in the near term, shares of CI Financial are up significantly today. So it’s certainly a happy day for shareholders. Jim, thanks for joining us for this edition of the “Five-Minute Major.” Hope folks will join us again next time. Jim: Thank you.Detroit Lions wide receiver Jameson Williams will not face charges relating to a gun stop last month. In a statement released Monday, Wayne County Prosecutor Kym Worthy announced that Williams will not be charged after an investigation into whether he was carrying a gun without a license during an October traffic stop. Worthy stated that Williams was not charged because the gun belonged to his brother, who did have a concealed pistol license. Williams would have been charged had the gun been on his person, but it was not. “We have looked at this case thoroughly and objectively. We did not consider that Mr. Williams is a Detroit professional athlete in our decision making,” Worthy said. “We have charged Detroit area athletes before and would not have hesitated to do so again if the facts of this case could be proven beyond a reasonable doubt. “We had a team of experienced lawyers look at this case — as we often do — especially when the law is unclear or unsettled. We all agreed that this decision is the right and just one. And I am personally certain that the right decision has been made with these specific and unique set of facts.” pic.twitter.com/rFfg8fS802 — Ben Raven (@BenjaminSRaven) November 25, 2024 Detroit police had begun investigating why Williams was not arrested during the traffic stop in late October after it was reported on by local media. There was some suggestion that Williams may have received favorable treatment due to his status as a prominent Lions player, and there was a lack of clarity regarding whether the gun under Williams’ seat belonged to him or his brother. Williams recently served a suspension for violating the league’s PED policy and is now back in action. The third-year receiver has caught 29 passes for 602 yards and four touchdowns in 2024, and both he and the Lions will be hoping his off-field issues are now behind him. This article first appeared on Larry Brown Sports and was syndicated with permission.Salah nervelessly converted a 63rd-minute penalty, his 16th goal of the season, after French referee Benoit Bastien had been advised to take another look at Donny van de Beek’s clumsy challenge on Luis Diaz. In the process, he became just the 11th man to score 50 goals in the competition – Real Madrid’s Kylian Mbappe later also joined that exclusive club – on a night when victory at the Estadi Montilivi meant the six-time European champions will enter 2025 sitting proudly at the top of the table. ⭐️ A FIVE STAR PERFORMANCE ⭐️ #FCBayern #MiaSanMia | #SHAFCB #UCL pic.twitter.com/WELoxugaGn — FC Bayern (@FCBayernEN) December 10, 2024 France international Michael Olise produced a moment of magic to set the seal on Bayern Munich’s demolition of Shakhtar Donetsk and ease them towards the knockout stage. Olise’s brilliant stoppage-time run and finish capped a 5-1 victory for the Germans, in which he had early scored from the penalty spot, in Gelsenkirchen. Kevin’s fifth-minute strike had given the home side the perfect start, but Konrad Laimer levelled before Thomas Muller’s 55th goal in the competition sent the visitors in ahead at the break and set the stage for Olise’s double either side of Jamal Musiala’s strike. Jude Bellingham breathed life back into Real Madrid’s campaign as they held off Atalanta to earn a 3-2 victory in Bergamo. 🫲 @BellinghamJude 🫱 #UCL pic.twitter.com/jTynK04akR — Real Madrid C.F. 🇬🇧🇺🇸 (@realmadriden) December 10, 2024 After Charles De Ketelaere had cancelled out Mbappe’s opener from the penalty spot, second-half goals from Vinicius Junior and Bellingham in quick succession put the visitors in charge, although Ademola Lookman’s 65th-minute strike meant the contest was alive until the final whistle. Ross Barkley took Aston Villa a step closer to automatic qualification with a late winner against RB Leipzig in Germany. Villa had led twice through John McGinn and Jhon Duran, but equalisers from Lois Openda and Christoph Baumgartner kept Leipzig in it until substitute Barkley struck five minutes from time to snatch a 3-2 victory. Goals from Goncalo Ramos, Nuno Mendes and substitute Desire Doue – his first in the competition – handed French champions Paris St Germain a much-needed three points after a comfortable 3-0 win at RB Salzburg. He's making a list and checking it twiceB04 won and Nordi scored – nice! 🎅 pic.twitter.com/8bs6FGUaHz — Bayer 04 Leverkusen (@bayer04_en) December 10, 2024 Nordi Mukiele left it late to end Inter Milan’s unbeaten Champions League record as Bayer Leverkusen claimed a dramatic 1-0 victory at the BayArena. Mukiele struck in the 90th minute to inflict a first defeat across six games in this season’s competition on the Serie A champions – it was also the first goal they have conceded. Casper Nielsen came off the bench to fire Club Brugge to a 2-1 home victory over Sporting Lisbon after Eduardo Quaresma’s own goal had handed them a way back into the game following Geny Catamo’s early opener. Julien Le Cardinal’s first-half strike was enough to handed Brest a 1-0 victory over Eredivisie leaders PSV Eindhoven, while Kasper Schmeichel’s save from Marko Pjaca’s close-range 80th-minute header ensured Celtic returned from Dinamo Zagreb with a 0-0 draw.Nigeria's anti-graft agency said it had arrested 792 suspects in a raid on a building believed to be a hub for fraudsters who lured victims with offers of romance, then pressed them to hand over cash for phoney cryptocurrency investments. The suspects, including 148 Chinese and 40 Filipino nationals, were detained on December 10 at the seven-storey Big Leaf Building in Lagos, Nigeria's commercial capital, Economic and Financial Crimes Commission spokesperson Wilson Uwujaren said. The luxury building housed a call centre mostly targeting victims from the Americas and Europe, he added. Staff there would make contact with people through social media and messaging platforms, including WhatsApp and Instagram, them seduce them online or offer them apparently lucrative investment opportunities, Uwujaren told reporters. Once victims were hooked, they were pressured to transfer money for fake cryptocurrency schemes and other non-existent projects. Web Development Java 21 Essentials for Beginners: Build Strong Programming Foundations By - Metla Sudha Sekhar, IT Specialist and Developer View Program Data Science MySQL for Beginners: Learn Data Science and Analytics Skills By - Metla Sudha Sekhar, IT Specialist and Developer View Program Strategy Succession Planning Masterclass By - Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd. 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Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories "Once the Nigerians are able to win the confidence of would-be victims, the foreigners would take over the actual task of defrauding the victims," he said. Uwujaren said the Commission was collaborating with international partners and would look into potential links to organised crime. Its agents seized computers, phones and vehicles in the raid, he added.