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Nastech Global Announces the Official Launch of NAS Bot for Digital Asset Trading 12-10-2024 10:46 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: Getnews / PR Agency: BrandingBuzz.Agency Nastech Global, a technology company focused on digital currency trading and automated solutions, has officially launched NAS Bot, an advanced automated trading bot designed to assist digital asset traders in navigating the complexities of decentralized exchanges. The bot is aimed at providing users with a tool that can automate and simplify their trading experience. NAS Bot is an automated trading bot [ https://nastechglobal.ai/ ] that leverages sophisticated algorithms to analyze real-time blockchain data, detecting transaction opportunities within the mempool, a temporary area where pending transactions are stored before being executed on decentralized exchanges (DEXs). By identifying potential market inefficiencies, the bot executes trades to improve transaction timing and overall efficiency. The introduction of NAS Bot marks a key step in Nastech Global's efforts to provide investors with reliable, automated tools to manage their digital asset portfolios. The bot was developed to assist traders by reducing the manual effort required for certain types of trades, particularly those involving quick decision-making and fast execution. Its advanced features aim to enhance the precision and speed of trades while minimizing risks associated with human error. Nastech Global has been developing innovative digital asset management solutions since its founding in February 2024. As the company continues to grow, the launch of NAS Bot [ https://nastechglobal.ai/ ] is part of a broader strategy to meet the evolving needs of investors worldwide. This launch coincides with the company's ongoing efforts to expand its operations globally, including the establishment of a second entity in Hong Kong and plans for further expansion into Japan. The design of NAS Bot focuses on addressing common challenges faced by traders in decentralized markets. As a crypto trading bot [ https://nastechglobal.ai/ ], NAS Bot is tailored to detect front-running opportunities in the mempool, where pending transactions can be analyzed for price movements before they are finalized. By doing so, NAS Bot can anticipate price changes and execute trades that take advantage of these fluctuations, thus optimizing the chances for profitable trades. The functionality of NAS Bot is simple yet effective. When a user places a buy or sell order on a DEX, the transaction enters the mempool, where it remains until it is processed. NAS Bot scans the mempool for front-running opportunities, which occur when an upcoming trade is expected to impact market prices. When it identifies such an opportunity, the bot uses its automated system to execute a trade, positioning itself ahead of the order to take advantage of the anticipated price movement. The process involves executing a buy and sell order in quick succession to maximize the potential for profit while minimizing the risk of market shifts during the process. One of the key advantages of NAS Bot is its ability to handle trades automatically, reducing the need for constant monitoring of the market. For many traders, the ability to set up a trade and allow the bot to handle the execution process can save significant time and effort. NAS Bot is designed to be intuitive, requiring minimal input from the user after the initial setup. This user-friendly approach makes it accessible to both experienced traders and those new to digital asset trading. The company's focus on innovation has driven its expansion into new markets, with an emphasis on making advanced trading tools accessible to a global audience. NAS Bot is one of several products Nastech Global has developed with the goal of empowering investors to navigate digital assets more effectively. By combining advanced technology with user-centric design, Nastech Global seeks to make trading strategies more accessible for a wide range of users, regardless of their experience level. Nastech Global encourages interested parties to learn more about NAS Bot and explore its features by visiting Nastech Global.com. The company remains dedicated to providing resources that enable users to make informed decisions in the fast-changing world of digital assets. About Nastech Global Nastech Global is a technology company focused on creating tools for the digital asset market. The company was registered in the Seychelles on February 2, 2024, and later set up a branch in Hong Kong on September 26, 2024. It is also working on registering a company in Japan. Nastech Global builds automated trading tools and strategies to help investors manage their digital assets. The company is committed to offering safe and easy-to-use trading solutions and expanding its services to customers around the world. Media Contact Company Name: Nastech Global Contact Person: Jerry Lee Jia Wei Email: Send Email [ http://www.universalpressrelease.com/?pr=nastech-global-announces-the-official-launch-of-nas-bot-for-digital-asset-trading ] Country: Seychelles Website: https://nastechglobal.ai This release was published on openPR.
BALTIMORE — Maryland lawmakers tasked with resolving a daunting multibillion-dollar budget deficit in the coming months will enter those negotiations without any last-minute curveballs — at least on one side of the equation. The state is on track to collect about the same as previously expected — north of $25 billion — in taxes and other revenues in the current 2025 fiscal year and the next one that begins July 1, the Maryland Board of Revenue Estimates said Thursday. The update doesn’t change the dynamics ahead for Gov. Wes Moore and members of the Maryland General Assembly, who are wrestling with the largest budget hole in recent memory and the worst five-year outlook in two decades. But it’s also not the whole picture. Comptroller Brooke Lierman, who chairs the three-member revenue board, warned that the incoming Donald Trump administration could significantly increase the state’s financial pressures if the president-elect and his allies follow through on promises like reducing large portions of the federal workforce , which makes up 5.9% of Maryland jobs and almost 10% of wages. Maryland relies heavily on federal jobs and contracts compared to other states because of its proximity to Washington, D.C., and its role as the home of agencies like the Social Security Administration and the National Institutes of Health. Elon Musk, the world’s richest person, and former presidential candidate Vivek Ramaswamy are aiming to slash the number of federal jobs , and government spending generally, through a new Department of Government Efficiency that Trump tapped them to lead. Major cuts could mean a hit to a key portion of the state’s tax base. “States across the country have different industries that they rely on. Texas has oil and gas; we have the federal government,” Lierman said. She added that the state needed a more robust private sector in order to be less dependent on federal jobs. Tough choices are ahead either way. The 2026 fiscal year budget, which the governor and legislature will craft during the annual 90-day session that begins Jan. 8, has a projected $2.7 billion deficit. Moore has preferred to cut from existing programs and use temporary revenue measures during his first two years in office, but the worsening picture is expected to ignite more robust discussions about both cuts and tax increases. Slow growth in the private sector and the uncertainty at the federal level are creating a hazy outlook for revenues ahead, though. “The risks ahead for Maryland’s economy during this period of federal transition overshadow what might otherwise be some reason for guarded optimism,” Secretary of Budget and Management Helene Grady said. Moore must present his budget proposal to lawmakers by Jan. 15. That will kick off months of negotiations between Democrats who control a supermajority of the legislature and will amend the governor’s plan through early April. House and Senate leaders clashed earlier this year over whether to raise money through ideas like higher corporate income taxes or legalizing online gambling – though Senate President Bill Ferguson, a Democrat who opposed such efforts, has recently said “everything is on the table” this time around. Onetime fixes, sluggish economic growth and increasing expenses have driven the dimming budget outlook. The governor’s office is also evaluating the potential impact of the transition to Trump. Beyond the workforce and federal contracting issues, the state receives about $20 billion in federal revenue annually, which is roughly a third of the state budget. Billions of dollars in other funding the state is hoping to collect for future projects like the Red Line light rail project in Baltimore are also up in the air. Before Thursday’s meeting, the Board of Revenue Estimates last revealed a “modest” increase in anticipated revenue in September. The roughly $88 million bump in the current 2025 fiscal year was a reversal after five consecutive meetings of the board in which expectations were downgraded. The latest update is another positive sign, though officials remained guarded in their outlook. “Compared to prior times, it is less well equipped,” BRE Executive Secretary Robert Rehrmann said of Maryland’s economic ability “to absorb a potential negative impact from the federal government.” The state is anticipating $25.3 billion in revenue in the 2025 fiscal year, an increase of 1.6%, and $25.4 billion in 2026, a roughly 0.4% increase that officials have described as slow. That funding comes mainly from personal income taxes, corporate and sales taxes and lottery revenues. Lawmakers have so far focused primarily on higher corporate taxes and personal income taxes for the biggest earners in discussions about where to find new revenue, though some have also talked about changing the state’s 6% sales tax. Moore has said only that he has a “high bar” for new taxes and will maintain that thinking throughout his time in office. The Spending Affordability Committee, a legislative group that sets the budget deficit projections, is scheduled to meet Tuesday to finalize the parameters for the upcoming budget talks with Thursday’s new revenue numbers. The revenue board, meanwhile, will meet again in March, when lawmakers can make mid-session adjustments as they continue to negotiate over the budget. “I am optimistic about Maryland’s economy and the resilience of our economy,” Lierman said. ©2024 Baltimore Sun. Visit baltimoresun.com . Distributed by Tribune Content Agency, LLC.
SANTA CLARA — Brock Purdy is charged with distributing the ball to the 49ers’ still-plentiful array of offensive weapons. On Tuesday, he threw disgruntled wide receiver Deebo Samuel his full support. “I want to get Deebo the ball every play if I could,” Purdy said. “I want to have him break all the records as best as possible. I want Deebo to do Deebo things, and we all do in this building.” Thing is, Samuel’s sub-par production this season has mirrored the 49ers’ rocky road to a 6-7 record entering Thursday night’s visit by the Rams (7-6). “Not struggling at all just not getting the ball!!!!!!!” Samuel wrote Monday in a since-deleted post on the social media platform X. The timing off that complaint was peculiar. The 49ers had just shaken a three-game losing streak with a 38-13 win over the Chicago Bears, a game Samuel acknowledged was their best offensive showing and most complementary outing. But the 49ers did so with minimal production again from Samuel, who had two catches for 22 yards and five carries for 13 yards. “You read what you read. A little frustrated, for sure,” Samuel said Tuesday at his locker before practice. General manager John Lynch asked 49ers fans to give Samuel “some grace,” and coach Kyle Shanahan also threw support behind Samuel’s gripes. “Deebo and I talk every day so I understand Deebo saying that,” Shanahan said. “Deebo wants to help us out, and the only way he is helping us is getting the ball more. And we’d like to get him the ball more.” Samuel, a two-time captain, has scored just two touchdowns (Week 1 run, Week 5 reception) after 12 last regular season; he had 14 in 2021. He missed the 49ers’ Week 3 loss in Los Angeles because of a calf injury. Three years removed from his All-Pro breakout season, Samuel’s production has taken a nosedive this season, even though he is getting the ball. His 72 touches (40 receptions for 533 yards, 32 carries for 92 yards) are second to only now-injured running back Jordan Mason’s 164. In an X post 10 minutes after complaining about his opportunities, Samuel wrote : “Just cause I voice my opinions don’t mean I’m hating on any of my teammates!!” Jauan Jennings (57 catches, 774 yards, six touchdowns) and tight end George Kittle (56-800-8) have seized more on their targets from Brock Purdy, while 2022-23 mainstays Brandon Aiyuk and Christian McCaffrey have missed most of the season injured. “We’d always love things to stay in-house,” Shanahan said. “It’s probably why I don’t go on social media: I’d get worked up if I was reading stuff all the time. Is it a distraction in our building? No.” “He’s one of my best friends on this team. I absolutely love Deebo and what he’s done for me,” Purdy said. “He’s right: he’s doing great right now with what we ask of him the offense. He’s not struggling. Like Ricky (Pearsall) or Aiyuk last year a little bit, there are moments through a season where guys just don’t get the ball, depending on defensive schemes and taking guys away.” Samuel has flourished in the 49ers’ rivalry against the Rams, including three years ago when his “wide back” persona emerged as he scored on both a run and a reception to lead the victorious 49ers out of a 3-5 rut and toward the playoffs. That dual-threat duty is not such an inventive concept anymore, however. “They’re not surprised anymore,” Samuel said. “We’ve been doing it almost three years now, so you’ve got a 50-50 chance whether I’m in the backfield getting a handoff or anything along those lines. They have a glimpse of what’s going on. ... There’s three or four (defenders awaiting) no matter who has the ball.” “Deebo has created such a high standard, the things he’s done, the innovation which we’ve created things for Deebo. That’s part of the problem,” said Lynch, noting that multiple teams now deploy Samuel-esque, dual-threat players that no longer surprise defenses. “... That frustration mounts. But he’s made so many plays for us, I think we need to give this guy some grace and bring him along, because we need him the rest of the way,” Lynch added. “We need him Thursday night. Deebo’s a big part of this team. We’re alright. We can all learn from different situations and a lot of things in the world these days that you can get caught up in.” Some of Samuel’s most productive efforts this season have come as a kick returner (11 returns for 333 yards, including six returns in their Dec. 1 loss at Buffalo). “We’ve got a lot of big football to play and he’ll be a big part of our season moving forward,” Lynch said. As for next season, Samuel carries a $16 million mark on the salary cap. The 49ers restructured his contract in March, so he would incur a $31.6 million hit if he’s released or traded before June 1; after that date, an exit would count $11 million in 2025 and $21 million in ’26. GUERENDO IDLING Running back Isaac Guerendo’s foot sprain Sunday kept him out of Tuesday’s light walkthrough and it’s uncertain whether he’ll make a second straight start. Guerendo ran for 78 yards and two touchdowns, and he had 50 yards on two catches, before exiting and bequeathing the backfield to Patrick Taylor Jr. Guerendo got clocked at 20.2 mph on a 30-yard, second-quarter carry that was the NFL’s fastest by a running back in Week 14. GREENLAW UPDATE The 49ers remain reluctant to declare whether linebacker Dre Greenlaw will make his season debut Thursday night, the date pegged for his comeback from an Achilles tear in the Super Bowl. Shanahan said there’s been no setback, that he merely wants to talk first to Greenlaw and see how the next two days go. OTHER INJURY UPDATES Defensive end Nick Bosa (oblique, hip) and left tackle Trent Williams (ankle) will officially miss the fourth week of practice, albeit this week’s only consisting of Tuesday’s walk-through that began at 5:10 p.m. Shanahan has not indicated whether they’ll miss a fourth straight game. While left guard Aaron Banks practiced for the first time since a Nov. 24 concussion in Green Bay, guard Ben Bartch (ankle) did not practice and is expected to go on Injured Reserve before Thursday’s kickoff. Limited were defensive end Yetur Gross-Matos, safety Malik Mustapha, and linebackers Dee Winters and Demetrius Flannigan-Fowles. HARGRAVE MOVEMENT Defensive tackle Javon Hargrave’s bloated contract was restructured to lessen the 49ers’ financial restraints next year. While that could stage his potential release after two seasons, as pointed out by OverTheCap.com, Hargrave is also more affordable to keep, seeing how his 2025 salary was chopped from $19.9 million to $2.1 million, and his salary cap mark fell from $28 million to $10.3 million. “The plan for him is to be a Niner,” Shanahan said, deferring business matters to the front office staff. “The mechanics of contract stuff, those are things I don’t look into until after the offseason.” Hargrave, 31, has been on injured reserve since tearing a biceps in the Sept. 22 loss at Los Angeles. He made the Pro Bowl last season and totaled seven sacks in his first year with the 49ers. Jordan Elliott replaced him in this season’s lineup next to Maliek Collins, with rookie Evan Anderson, Kevin Givens, Kalia Davis and Khalil Davis also in the interior rotation.Company Achieved 50% YoY Revenue Growth & Positive EBITDA CALGARY, AB , Nov. 21, 2024 /PRNewswire/ - Nanalysis Scientific Corp. ("the Company") NSCI NSCIF 1N , a leader in portable NMR machines and MRI technology for industrial and research applications announces third quarter results for the period ending on September 30, 2024 , achieving 50% year-over-year revenue growth to $10.6 million in Q3. Chief Executive Officer Sean Krakiwsky and Chief Financial Officer Randall McRae will host a conference call at 5 P.M. Eastern Time today to discuss the results. A second call will be held for European investors at 8:30am Eastern Time tomorrow, November 22 nd . All interested parties are invited to join these calls. All dollar figures in this press release are in thousands of Canadian dollars, except per share amounts or unless otherwise stated. "We continue to see strength in both of our core business segments, product sales and security services," said Sean Krakiwsky, Founder and CEO of Nanalysis. "We had a solid Q3, as demonstrated by our year over year revenue growth. Within Benchtop NMR we experienced our typical seasonal slowdown in the third quarter. This was partially offset, however, by a large medical imaging sale in the quarter. Our focus on efficiencies in both our manufacturing processes and service delivery is resulting in gross margin improvements and positive EBITDA." Financial highlights for the three months ended September 30, 2024: Three months ended September 30 ($000's) 2024 2023 ($) Change Change Product sales 4,242 3,941 301 8 % Service revenue 5,420 2,629 2,791 106 % Flow-through inventory 908 466 442 95 % Total sales and revenue 10,570 7,036 3,534 50 % Gross margin percentage - product sales 52 % 41 % 11 % Gross margin percentage - service revenue 15 % -3 % 18 % Adjusted EBITDA 264 (1,354) 1,618 Net loss (1,644) (6,287) 4,643 74 % For the three months ended September 30, 2024, the Company reported consolidated revenue of $10,570, an increase of $3,534 or 50% from the comparative period in 2023. Gross margin percentage on product sales was 52% versus 41% for the three months ended September 30, 2024. Improvement in gross margin percentage for Benchtop NMR is materializing, as average selling prices have improved and manufacturing cost reductions started in 2023 and continued in 2024 are taking effect. Security service gross margin percentage in the quarter was 15% versus (3)% in prior year comparative period as the Company completed the full transition of 100% of airports serviced to its control from the incumbent provider in the first quarter of 2024 and expects to increase revenue and drive efficiency within this business through 2024. Adjusted EBITDA for the three months ended September 30, 2024, was $264K versus an Adjusted EBITDA (loss) of ( $1,354K ) in the same period last year. This improvement was driven primarily by full transition of airports to the Company's control resulting in increased security services revenue, the effect of cost reduction initiatives, and slightly improved product sales over the prior year. This was offset partially by a slight decrease in third-party equipment sales. Net loss for the three months ended was $1,644K as compared to the three-month loss for September 30, 2023, of $6,287K. The difference between Adjusted EBITDA and Net loss includes a number of non-cash charges such as depreciation and amortization. Included in Net loss for the three months ended September 30, 2023 , the Company recognized a one-time charge of $2.8 million related to the deconsolidation of its Quad subsidiary. Quarterly Trend: 2024 2023 ($000's) Q3 Q2 Q1 Q4 Product sales 4,242 5,402 4,216 5,450 Security service revenue 5,420 5,265 4,723 3,362 Flow-through parts revenue 908 807 2,223 988 Total revenue 10,570 11,474 11,162 9,800 Adjusted EBITDA 264 414 (362) (774) Net loss for the period (1,644) (1,995) (2,522) (2,123) The Company has demonstrated continuous margin expansion in Security service revenue quarter over quarter, driven by the expansion of the Company's airport security maintenance business as the Company took over more airports from the incumbent service provider, ultimately taking over all airports in Q1 2024. The Company reported positive Adjusted EBITDA in the third quarter of 2024 despite the seasonality effects of the slower summer months. The Company expects this to continue as it works to grow both product sales and security service revenue, while closely managing costs. Net loss was $1,644 in Q3 2024. Net losses are decreasing as the Company has successfully grown revenue and implements cost reduction initiatives. Recent strategic and operational highlights during and after the third quarter of 2024 include: Margin Expansion in both business segments: The Company was able to reap the benefits of cost cutting and drive efficiencies to grow gross margins to 52%, up 11% year over year in product sales and 15%, up 18% year over year in security services from (3%) in the prior year. Consistent Revenue in Airport Security Maintenance Business: The mix between scheduled maintenance, unscheduled maintenance and project work will shift quarterly but should provide a consistent balance of billing. The Company is focused on improving its efficiency and planning related to service delivery in order to increase margins through 2024 and into 2025. Medical Imaging : The Company completed another large medical imaging hardware sale in the quarter contributing to strong product sales in a traditionally slower quarter. Outlook "As we enter the fourth quarter, we have continued strong sales and the hard work we have done to expand our margins is materializing," said Sean Krakiwsky, Founder and CEO of Nanalysis. "Growth initiatives within the Scientific Equipment segment include the development and future launch of new products, developing new software applications, and seeking vertical market partnerships. Our market opportunity is expanding as more industries conclude that NMR, combined with the small size and portability of our products, is an excellent solution for their analysis needs. As we evolve, it is likely that we will reduce effort selling other companies' products, and increasingly focus on sales of our own proprietary products and services. "Within the Security Services segment, we are pursuing several new customer opportunities to leverage our existing capabilities. "Overall, we continue to grow our sales and are laser focused on operational improvements to reach our ultimate goal of profitability. These trends will continue through the rest of the year and into 2025. We have a positive outlook, are executing well, and expect a strong fourth quarter to close out the year." Conference Call: Investors interested in participating in the live full year call can dial 1-800-510-2154 or 437-900-0527-1350 from abroad. Investors can also access the call online through a listen-only webcast here: https://app.webinar.net/qArLoq1oXkG or on the investor relations section of the Company's website HERE . The webcast will be archived on the Company's investor relations webpage for at least 90 days and a telephonic playback will be available for seven days after the conference call by calling 1-888-660-6345 or 289-819-1450, conference ID # 14204. Additionally, the Company will be hosting a Q&A session for its European investors at 8:30am ET tomorrow, Friday , November 22nd, which can be accessed by the following link: Join the meeting now Non-IFRS and Supplementary Financial Measures The Company prepares and reports its consolidated financial statements in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board, as adopted by the Canadian Accounting Standards Board (" IFRS "). However, this press release may make reference to certain non-IFRS measures including key performance indicators used by management. These measures are not recognized measures under IFRS and do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement those IFRS measures by providing further understanding of the Company's results of operations from management's perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of the Company's financial information reported under IFRS. The Company uses Flow-through parts revenue, Security service revenue, and Adjusted Earnings Before Interest, Tax, Depreciation and Amortization ("Adjusted EBITDA") as non-IFRS measures, which may be calculated differently by other companies. These non-IFRS measure are used to provide investors with a supplemental measure of the Company's operating performance and liquidity and thus highlight trends in the Company's business that may not otherwise be apparent when relying solely on IFRS measures. The Company also believes that securities analysts, investors and other interested parties frequently use non-IFRS measures in the evaluation of companies in similar industries. Three months ended September 30 ($000's) 2024 2023 ($) Change Security services revenue 5,420 2,629 2,791 Flow-through inventory revenue 908 466 442 Total Service Revenue 6,328 3,095 3,233 Security services costs 4,627 2,708 1,919 Flow-through inventory costs 908 466 442 Total Cost of Services 5,535 3,174 2,361 Three months ended September 30 ($000's) 2024 2023 ($) Change Net loss (1,644) (6,287) 4,643 Business acquisition costs and contingent consideration loss 5 184 (179) Depreciation and amortization expense 1,098 1,073 25 Finance expense 341 289 52 Stock-based compensation 181 281 (100) Foreign exchange (gain) loss (141) 79 (220) Loss on loss of control of subsidiary - 2,810 (2,810) Loss from associate 305 256 49 Impairment of associate receivable 74 - 74 Restructuring costs 42 82 (40) Current income tax (recovery) expense (22) 13 (35) Deferred income tax expense (recovery) 25 (134) 159 Adjusted EBITDA 264 (1,354) 1,618 Supplementary Financial Measures The Company may also use supplementary financial measures which are intended to be disclosed on a periodic basis to depict the historical or expected future financial performance, cash position, or cash flow of the Company, are not a non-IFRS measure, and are not presented in the financial statements. The measures as discussed in this press release include: Gross margin percentage, which is defined as either (Product sales less Cost of product sold) divided by Product sales or (Security services revenue less Security services costs) divided by Security services revenue About Nanalysis Scientific Corp. NSCI NSCIF FRA:1N1)) Nanalysis Scientific Corp. in operates two primary business segments: Scientific Equipment and Security Services. Within its Scientific Equipment business is what the Company terms "MRI and NMR for industry". The Company develops and manufactures portable Nuclear Magnetic Resonance (NMR) spectrometers or analyzers for laboratory and industrial markets. The NMReady-60TM was the first full-feature portable NMR spectrometer in a single compact enclosure requiring no liquid helium or any other cryogens. The Company has followed-up that initial offering with new products and continues to have a strong innovation pipeline. In 2020, the Company announced the launch of its 100MHz device, the most powerful and most advanced commercial compact NMR device ever brought to market. The Company's devices are used in many industries (oil and gas, chemical, mining, pharma, biotech, flavor and fragrances, agrochemicals, law enforcement, and more) as well as numerous government and university research labs around the world. The Company is working to expand into new global market opportunities independently and with partners. With its partners, the Company provides scientific equipment sales and maintenance services globally. In 2022 the Company was awarded a five-year, $160 million contract to provide maintenance services for passenger screening equipment in Canadian airports. This has resulted in expansion of the Company's Security Services business. The Company is providing airport security equipment maintenance services in each province and territory of Canada. In addition, the Company provides commercial security equipment installation and maintenance services to a variety of customers in North America. Notice regarding Forward Looking Statements and Legal Disclaimer This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. View original content to download multimedia: https://www.prnewswire.com/news-releases/nanalysis-announces-third-quarter-2024-results-302313518.html SOURCE Nanalysis Scientific Corp. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.LAS 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." Get local news delivered to your inbox!
Avior Wealth Management LLC lessened its stake in Emerson Electric Co. ( NYSE:EMR – Free Report ) by 6.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,924 shares of the industrial products company’s stock after selling 189 shares during the period. Avior Wealth Management LLC’s holdings in Emerson Electric were worth $320,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in Emerson Electric in the 3rd quarter worth approximately $25,000. Transcendent Capital Group LLC purchased a new stake in shares of Emerson Electric in the 1st quarter valued at $31,000. Meeder Asset Management Inc. boosted its stake in shares of Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC purchased a new stake in shares of Emerson Electric in the 3rd quarter valued at $33,000. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of Emerson Electric in the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 74.30% of the company’s stock. Analyst Upgrades and Downgrades A number of equities research analysts recently commented on EMR shares. UBS Group assumed coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target for the company. Robert W. Baird upped their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Morgan Stanley assumed coverage on shares of Emerson Electric in a report on Friday, September 6th. They set an “underweight” rating and a $105.00 price target on the stock. Finally, KeyCorp raised their price target on shares of Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target of $130.00. Emerson Electric Price Performance NYSE EMR opened at $130.07 on Friday. Emerson Electric Co. has a 12 month low of $87.55 and a 12 month high of $131.56. The stock has a market cap of $74.17 billion, a price-to-earnings ratio of 38.03, a PEG ratio of 2.17 and a beta of 1.30. The company’s 50 day moving average is $114.02 and its two-hundred day moving average is $110.74. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. Emerson Electric Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a $0.5275 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a yield of 1.62%. Emerson Electric’s payout ratio is currently 61.70%. Insiders Place Their Bets In related news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . 0.25% of the stock is currently owned by corporate insiders. Emerson Electric Company Profile ( Free Report ) Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity. Further Reading Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter .Accused UnitedHealthcare CEO attacker Mangione fights New York extradition
The year of 1997 was an important one in Papua New Guinea. By 1997, it had been 10 years since Channel 9 subsidiary, EMTV, televised its first NRL match. By then, a new generation of TV-watching kids had grown up with Australian rugby league as a weekend staple. That year also saw the expulsion of foreign mercenaries by the PNG defence force, the end of the Bougainville war, political instability in government, and for rugby league fans, the founding of Melbourne Storm on June 23. As young fans debated the future of the "Storms", they were thrilled to see a homegrown talent, Marcus Bai, sign up with the new team in 1998. Now, there were other prominent names before him in the PNG rugby league scene like Arnold Krewany, Bal Numapo, Ifisoe Segeyaro and Adrian Lam, but Bai was a huge inspiration to a newer generation who watched the game live on television. At 1.8 meters, the village boy from Ulamona, West New Britain province, played in the Port Moresby Rugby league competition for the Paga Panthers and Port Moresby Vipers before he tried out for the Storm. In 1999, Papua New Guineans were hugely rewarded when the Storm won their first premiership with one of their own, a star on Grandfinal night. Pathways to the NRL Bai's debut in the NRL was a rarity in the 1990s when Papua New Guinea had no set pathways for NRL entry or any other overseas league. The exposure many players got was when the Kumuls faced off with other league-playing nations in the Rugby League World Cup or when they played visiting overseas teams. Always, Papua New Guinea would go in as expected underdogs with many expecting "strong performances" ...and losses. The measure of the national team's performance was based largely against Australian representative sides. Against its Pacific neighbours, however, Papua New Guinea was viewed as the more dominant side. Ten years since Marcus Bai streaked across the field with that high-value comeback that saw the Storm win the 1999 premiership title, Papua New Guinea still struggled with that glaring absence of sure pathways to overseas recruitment. PNG politics and rugby league In a country where politicians like rubbing shoulders with league stars and where the level of fanaticism for politics equals that of the greatest game of all, PNG was headed towards some level of political intervention. It was no secret that while PNG politicians who sat in expensive VIP booths reluctantly clapped for the winning team, they were tired of having the national ego repeatedly punched in the guts and their team humiliated. The arrival of Digicel into the PNG telecommunication in 2008 provided internet access for tens of thousands of new subscribers, and, at the same time, brought to the fore a large vocal rugby league audience who questioned why the government was not investing in the sport. In 2008, founding prime minister Grand Chief Sir Michael Somare announced Papua New Guinea's bid for the NRL. It was a move supported by Australian prime minister Kevin Rudd. The PNG NRL Bid Project was allocated K500,000 by the Somare government and a further K30 million in 2022 by the Marape government. As word of the $600 million , it was met with a lot of criticism in Papua New Guinea. While some welcomed the news, not everyone is a follower of the religion of rugby league. As its prophets preach hope and jobs for future talent, another group of Papua New Guineans say the NRL bid is a shameful waste of Australian taxpayer money. For PNG politicians, their moves could have easily have been taken out of a Niccolo Machiavelli textbook as they "appear to be religious" whilst satisfying voters and scoring all the necessary political points. For the vast majority of Papua New Guineans, seeing more familiar faces in the NRL will be just a temporary relief to the harsh realities of living here. In nine months, PNG will mark 50 years as an independent political creation and two years after that, its people will go to the polls using figures from an incomplete, unsatisfactory census process conducted this year. It's difficult not to sound bleak as costs of food, good healthcare and education become increasingly unaffordable for the NRL-watching communities. While VIP booths will be occupied by the political elite spending taxpayer money, thousands more will go back home; families uncertain about their future. Get the ABC Pacific newsletter Sign up for the best of ABC Pacific each weekMIAMI — Welp, we seem to have confirmation that Donald Trump Jr. has moved on from Kimberly Guilfoyle. The Daily Mail has photographic proof of president elect Donald Trump’s oldest son walking hand in hand with socialite Bettina Anderson on the street in West Palm Beach. The outlet reports that they had just dined at swanky restaurant Buccan, near her townhouse “where they have been spending days and nights.” The day of the recent rendezvous is unclear. Back in September, the two were pictured at the Honor Bar inside the Royal Poinciana Plaza upscale mall; onlookers said they appeared as if they were on a hot date . But then Guilfoyle – who’s been engaged to Jr. since New Year’s Eve 2020 – was back in the picture, and out on the campaign trail stumping for her soon-to-be father in law (or so she thought). Now that Election Day is over, and the outcome worked out in their favor, it seems the Republican power couple are done. No one involved has released a statement, and there have been no cryptic posts, but that cozy snap kind of speaks for itself. As does the fact Guilfoyle hasn’t been seen with Jr. in weeks. The writing was on the wall, though. An insider told RadarOnline last month that Trump and Guilfoyle have been kaput for a while, and that they only put on a united front for political reasons. “It is all a show. The appearances of Don and Kimberly are for the cameras,” the source told the gossip outlet. “The Trump family does not want to create an enemy in Kimberly; they are concerned about what damage she could do. But make no mistake, the romance is over.” This high-profile split could get complicated, real estate wise. The former Fox reporter and businessman own two homes on adjacent lots in elite gated community Admiral’s Cove in Jupiter. ©2024 Miami Herald. Visit miamiherald.com . Distributed by Tribune Content Agency, LLC.
(CNN) — The man accused of killing 22-year-old college student Laken Riley in February while she was jogging on the University of Georgia campus was convicted of murder this week and sentenced to life in prison . Laken’s sister, Lauren Phillips, now a University of Georgia student herself, walks the grounds of her dream school in fear. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
Rhode Island beats Bryant 35-21 to claim its first Coastal Athletic Association titleTexas Attorney General Ken Paxton Targets Tech Platforms Over Minors' Privacy
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