Police believe the gunman who killed UnitedHealthcare's CEO left NYC on a bus after the shooting NEW YORK (AP) — The gunman who killed the CEO of the largest U.S. health insurer three days ago may have quickly left New York City on a bus after escaping on a bicycle and hopping in a cab, police officials said Friday. Michael Balsamo And Michael R. Sisak, The Associated Press Dec 6, 2024 2:01 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message The graphic above shows the location of the UnitedHealthcare CEO shooting and escape route a suspected gunman took. (AP Digital Embed) NEW YORK (AP) — The gunman who killed the CEO of the largest U.S. health insurer three days ago may have quickly left New York City on a bus after escaping on a bicycle and hopping in a cab, police officials said Friday. Video of the gunman fleeing Wednesday's shooting of UnitedHealthcare CEO Brian Thompson showed him riding through Central Park and later taking a taxi to a bus terminal that offers commuter service to New Jersey and Greyhound routes to Philadelphia, Boston and Washington, D.C, Chief of Detectives Joseph Kenny told CNN. Police have video of the man entering the bus station but no video of him exiting, leading them to believe he left the city, Kenny said. “It’s a very busy bus terminal, we want to make sure we have the right bus. But we’re working through that right now, this is all new information,” he said. Investigators also believe the shooter left a backpack in Central Park and were carrying out a massive sweep to find it in a vast area with lakes and ponds, meadows, playgrounds and a densely wooded section called “The Ramble,” said police Commissioner Jessica Tisch. As dusk approached Friday, small groups of officers could be seen roaming among trees across ground covered with leaves. The reason for the killing remained unknown. New York City police say evidence firmly points to it being a targeted attack . The gunman made sure to conceal his identity with a mask during the brazen ambush yet left a trail of evidence in view of the nation’s biggest city and its network of security cameras. Thompson was shot outside his company’s annual investor conference at a hotel just blocks from Radio City Music Hall and Rockefeller Center. A law enforcement official told The Associated Press on Friday that surveillance footage shows the suspect riding the subway and visiting establishments in Manhattan, providing more clues about his actions in the days before the shooting. Investigators believe the suspect may have traveled to New York last month on a bus that originated in Atlanta, according to the law enforcement official, who was not authorized to discuss details of the ongoing investigation and spoke to the AP on condition of anonymity. Once in New York, he appeared to pay with cash in any establishment where he was captured on camera, the official said. Investigators have tested a discarded water bottle and protein bar wrapper in a hunt for his DNA. They also were trying to obtain additional information from a cellphone found along the gunman's escape route. Police have released photos of the suspected shooter that were taken in the lobby of a hostel on Manhattan’s Upper West Side. The images, showing an unmasked man smiling in the lobby of the HI New York City hostel, add to a collection of photos and video circulated since the shooting — including footage of the attack, as well as images of the suspected gunman at a Starbucks beforehand. Surveillance images from the shooting show the man wearing a hooded jacket and a mask that concealed most of his face — a look that would not have attracted attention on a chilly morning. Investigators have learned the man lowered his mask at the front desk of the hostel because he was flirting with the woman who checked him in, the law enforcement official told the AP, leading to a photo of his face. The woman told investigators that during that encounter she asked to see his smile and he pulled down his mask, the official said. Investigators believe the suspect used a fake New Jersey identification card, the official said, when he checked in at the hostel, which has a café along with shared and private rooms and is blocks from Columbia University. Investigators believe the shooter had at least some firearms training and experience with guns, the official said. Security video shows the killer approaching Thompson from behind, firing several shots with a gun equipped with a silencer, barely pausing to clear a jam while the executive fell to the sidewalk. The words “deny,” “defend” and “depose” were scrawled on the ammunition, two law enforcement officials told the AP on Thursday. The messages mirror the phrase “delay, deny, defend,” which is commonly used by lawyers and critics about insurers that delay payments, deny claims and defend their actions. Thompson, a father of two sons who lived in a Minneapolis suburb, had been with Minnesota-based UnitedHealthcare since 2004 and served as CEO for more than three years. The insurer’s parent company, UnitedHealth Group Inc., was holding its annual meeting in New York for investors. The company abruptly ended the conference after Thompson’s death. UnitedHealth Group said it was focused on supporting Thompson’s family, ensuring the safety of employees and assisting investigators. “While our hearts are broken, we have been touched by the huge outpouring,” the company said. UnitedHealthcare provides coverage for more than 49 million Americans. It manages health insurance coverage for employers and state and federally funded Medicaid programs. In October, UnitedHealthcare was named along with Humana and CVS in a Senate report detailing how its denial rate for prior authorizations for some Medicare Advantage patients has surged in recent years. The shooting has shaken corporate America and the health insurance industry in particular, causing companies to reevaluate security plans and delete photos of executives from their websites. A different Minnesota-based health care company said Friday it was temporarily closing its offices out of an abundance of caution, telling employees to work from home. ___ Balsamo reported from Washington. Jake Offenhartz and Karen Matthews in New York, John Seewer in Toledo, Ohio, and Jeff Martin in Atlanta contributed to this story. Michael Balsamo And Michael R. Sisak, The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message More National Business Tech stocks help lift S&P/TSX Friday, U.S. stock markets mixed after jobs report Dec 6, 2024 1:50 PM BRP executive warns against overreaction to Trump tariff plan Dec 6, 2024 1:48 PM Toronto AI company Cohere to receive $240M from Ottawa to help get data centre built Dec 6, 2024 1:27 PM Featured FlyerNone
TikTok edged closer to being banned in the United States after it lost an appeal on Friday against a law requiring the video-sharing app to divest from its Chinese parent company by January 19. The potential ban could strain US-China relations just as president-elect Donald Trump prepares to take office on January 20. TikTok said it would now appeal to the Supreme Court, which could choose to take up the case or let the circuit court's decision stand. "The Supreme Court has an established historical record of protecting Americans' right to free speech, and we expect they will do just that on this important constitutional issue," the company said. TikTok will also be looking to Trump, who has emerged as an unlikely ally, arguing that a ban would mainly benefit Facebook parent company Meta's platforms, owned by Mark Zuckerberg. Trump's stance reflects broader conservative criticism of Meta for allegedly suppressing right-wing content, including the former president himself being banned from Facebook after the January 6, 2021, Capitol riot by his supporters. The US government alleges TikTok allows Beijing to collect data and spy on users. It also says TikTok is a conduit to spread propaganda, though China and app owner ByteDance strongly deny these claims. The law, signed by President Joe Biden in April, would block TikTok from US app stores and web hosting services unless ByteDance sells the platform by January 19. While recognizing that "170 million Americans use TikTok to create and view all sorts of free expression," the three-judge panel unanimously upheld the law's premise that divesting it from China's control "is essential to protect our national security." They found that the law did not hinder free speech as it was "devoid of an institutional aim to suppress particular messages or ideas." The judges also disagreed with the idea that less drastic alternatives than a sale by ByteDance would solve the security issues. US Attorney General Merrick Garland welcomed the decision saying "the Justice Department is committed to defending Americans' sensitive data from authoritarian regimes that seek to exploit companies under their control." Trump's support for TikTok marks a reversal from his first term, when the Republican leader tried to ban the app over similar security concerns. That effort got bogged down in the courts when a federal judge questioned how the move would affect free speech and blocked the initiative. Among those who helped Trump to the White House in this year's election was Jeff Yass, a major Republican donor with ByteDance investments. "Donald Trump could be a lifeline for TikTok once he takes office, but halting the enforcement of the ban is easier said than done," said Emarketer lead Analyst Jasmine Enberg. "And even if he does manage to save TikTok, he's already flip-flopped on his stance toward the app and there's no guarantee he won't go after it later." The president-elect launched his own TikTok account in June, gaining 14.6 million followers, but has not posted since Election Day. Despite the uncertainty, TikTok's presence in the United States continues growing. The platform reported $100 million in Black Friday sales for its new shopping venture, and Emarketer projects US ad revenue will reach $15.5 billion next year, accounting for 4.5 percent of total digital ad spending in the country. But Enberg warned a ban would significantly disrupt the social media landscape, benefiting Meta, YouTube, and Snap while harming content creators and small businesses dependent on TikTok. Gautam Hans, professor at Cornell Law School, said the judges treated the government's national security argument "with great deference... while undervaluing the radical effects this unfortunate decision will have for individual speakers and First Amendment doctrine." But given the unanimous ruling and the short timeline before the law's date of taking effect, it was "unlikely that the Supreme Court will take the case, which will almost certainly lead to TikTok's demise in just a handful of weeks," he added. In contrast, Carl Tobias, of the University of Richmond, said that given the "critical implications" of the issues in question -- national security and free speech -- the apex court would likely take the case. arp/aha
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How major US stock indexes fared Friday, 12/6/2024Lamar Jackson plans to skip halftime meeting to watch Beyoncé performance: ‘Sorry, Harbaugh’
COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Dec 23, 2024-- Venu Holding Corporation ("VENU" or “The Company”) (NYSE American: VENU), a leading premium hospitality and live entertainment company built by music fans for music fans, announced today its third quarter 2024 results for the period ended September 30, 2024, the first earnings report since its successful initial public offering (“IPO”) which closed on November 29, 2024. In the third quarter of 2024, VENU brought luxury entertainment to life. VENU executed its business plan with the historic launch of its fan founded and fan owned mission with the opening of its first live, ultra-lux entertainment complex in Colorado Springs, Colorado, Ford Amphitheater. Colorado Ford Dealerships purchased the naming rights for ten years for $13 million, one of the largest amphitheater sponsorships in history. This $70 million state-of-the-art facility hosted its Grand Opening weekend in August 2024 with an energetic, sold-out crowd featuring GRAMMY award winner, Ryan Tedder and his globally recognized band, OneRepublic. Designed to host over 8,000 music fans per show, Ford Amphitheater features 92 custom build luxury fire-pits suites, a unique feature to all VENU owned and planned amphitheaters. Nominated by Pollstar Magazine for 2024 Best New Concert Venue of the Year, Ford Amphitheater welcomed over 96,000 music fans from over 5,500 different zip codes from all 50 states in its limited first season. While only hosting 17 shows in August and September (compared to a typical touring season of up to 60 shows running April to November), the Ford Amphitheater featured internationally renowned performers such as Dierks Bentley, Robert Plant, Lauren Daigle and more. Now entering its first full season in 2025, the Ford Amphitheater is off to a rocking start. With an initial set of shows announced and on sale for the 2025 season, and many more in the pipeline, the Ford Amphitheater is actively booking an exciting lineup through its partnership with AEG Presents Rocky Mountains. VENU is also on schedule to unveil its highly anticipated $35 million dining and entertainment collection in 2025, strategically developed to sit along the east perimeter of Ford Amphitheater. Designed for year-round service, the innovative development will cater to guests during shows and beyond, featuring upscale restaurants and bars, Owners Clubs, and vibrant social and private event spaces. said J.W. Roth, the Company’s Founder, Chairman and Chief Executive Officer. J.W. Roth continued: Monday, December 23, 2024, 4:30 p.m. Eastern Time USA/Canada Toll-Free Dial-In Number: (800) 715-9871 International Toll Dial-In Number: +1 (646) 307-1963 Conference ID: 9521412 Webcast Link: Webcast Replay - available through December 23, 2025, at Venu Holding Corporation ("VENU") (NYSE American: VENU), founded by Colorado Springs entrepreneur J.W. Roth, is a premier hospitality and live music venue developer dedicated to crafting luxury, experience-driven entertainment destinations. VENU’s campuses in Colorado Springs, Colorado, and Gainesville, Georgia, each feature Bourbon Brothers Smokehouse and Tavern, The Hall at Bourbon Brothers, and unique to Colorado Springs, Notes Eatery and the 8,000-seat Ford Amphitheater. Expanding with new Sunset Amphitheaters in Oklahoma and Texas, VENU’s upcoming large-scale venues will host between 12,500 and 20,000 guests, continuing VENU’s vision of redefining the live entertainment experience. VENU has been recognized nationally by , , , , , and for its innovative and disruptive approach to live entertainment. Through strategic partnerships with industry leaders such as AEG Presents and NFL Hall of Famer and Founder of EIGHT Elite Light Lager, Troy Aikman, VENU continues to shape the future of the entertainment landscape. For more information, visit venu.live Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law. $ 35,796,857 $ 20,201,104 226,871 185,746 1,171,226 209,215 1,370,710 - 38,565,664 20,596,065 125,756,511 57,737,763 227,956 277,995 1,446,793 3,685,980 550,000 550,000 50,878 375,904 128,032,138 62,627,642 5,822,922 2,565,460 13,137,911 698,369 316,927 331,457 2,209,107 764,081 8,583,275 - 371,111 230,952 208,510 325,245 30,649,763 4,915,564 1,109,006 3,646,385 6,800,000 1,500,000 14,001,634 11,182,073 383 1,960 - 30,306 35,915 - - - 121,914,521 47,743,085 (41,073,711 ) (17,021,453 ) 80,877,108 30,753,898 (1,500,076 ) (76 ) 79,377,032 30,753,822 34,660,367 31,225,863 $ 2,740,411 $ 2,892,082 $ 8,144,605 $ 6,706,719 2,002,572 961,222 4,663,228 1,838,736 708,992 58,075 759,123 140,120 653,178 712,026 1,901,590 1,530,107 435,841 407,889 1,727,311 634,368 1,152,909 1,188,574 3,358,871 2,572,382 333,192 363,032 975,756 863,850 5,449,396 3,428,774 24,279,184 9,944,662 1,103,720 565,355 2,319,513 1,279,510 (1,162,663 ) (92,252 ) (2,717,849 ) (222,812 ) - - (2,500,000 ) - - - - (11,947 ) 276,452 - 502,962 20,153 35,000 38,610 97,500 109,179 (851,211 ) (53,642 ) (4,617,387 ) (105,427 ) (595,251 ) (33,707 ) (1,560,398 ) (538,133 ) 2024 2023 $ (25,612,656 ) $ (8,244,731 ) 448,150 - 3,927,325 273,380 7,000,000 1,742,974 579,981 - 1,985,568 1,434 268,635 363,149 - (11,678 ) 2,319,513 1,279,510 2,500,000 - (41,125 ) (93,060 ) (962,011 ) 205,157 325,026 (215,904 ) 3,233,914 (1,670,904 ) 12,439,542 54,576 (1,370,710 ) - (14,530 ) (113,865 ) 1,445,026 248,542 (235,641 ) (336,794 ) 5,100,000 - 13,336,007 (6,518,214 ) (61,615,767 ) (19,190,024 ) 74,085 - (61,541,682 ) (19,190,024 ) 29,900,282 10,950,000 (893,082 ) (548,830 ) (232,327 ) (144,431 ) 30,426,503 14,512,268 52 82,600 (100,000 ) - (1,500,000 ) (76 ) 6,200,000 - 63,801,428 24,851,531 15,595,753 (856,707 ) 20,201,104 23,470,734 $ 35,796,857 $ 22,614,027 $ 296,593 $ 234,197 $ - $ 4,402,392 $ 10,000,000 $ - $ 3,000,140 $ - $ 100,000 $ - $ 200,000 $ - $ 3,267,000 $ - $ 471,476 $ - View source version on : For media requests, connect with Chloe Hoeft 719-895-5470 KEYWORD: COLORADO UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: ENTERTAINMENT MUSIC EVENTS/CONCERTS SOURCE: Venu Holding Corporation Copyright Business Wire 2024. PUB: 12/23/2024 04:10 PM/DISC: 12/23/2024 04:10 PMSAO PAULO (AP) — Brazil’s federal police on Thursday formally accused former President Jair Bolsonaro and 36 other people of attempting a coup to keep him in office after his defeat in the 2022 elections. Police said their sealed findings were being delivered Thursday to Brazil’s Supreme Court, which will refer them to Prosecutor-General Paulo Gonet, who decides either to formally charge Bolsonaro and put him on trial, or toss the investigation. Bolsonaro told the website Metropoles that he was waiting for his lawyer to review the accusation, reportedly about 700 pages long. But he said he would fight the case and dismissed the investigation as being the result of “creativity.” The former right-wing president has denied all claims he tried to stay in office after his narrow electoral defeat in 2022 to his rival, leftist President Luiz Inácio Lula da Silva. Bolsonaro has faced a series of legal threats since then. Police said in a brief statement that the Supreme Court had agreed to reveal the names of all 37 people who were accused “to avoid the dissemination of incorrect news.” Dozens of former and current Bolsonaro aides also were accused, including Gen. Walter Braga Netto, who was his running mate in the 2022 campaign; former Army commander Gen. Paulo Sérgio Nogueira de Oliveira; Valdemar Costa Neto, the chairman of Bolsonaro’s Liberal Party; and his veteran former adviser, Gen. Augusto Heleno. Other investigations produced formal accusations of Bolsonaro’s roles in smuggling diamond jewelry into Brazil without properly declaring them and in directing a subordinate to falsify his and others’ COVID-19 vaccination statuses. Bolsonaro has denied any involvement in either. Another probe found that he had abused his authority to cast doubt on the country’s voting system, and judges barred him from running again until 2030. Still, he has insisted that he will run in 2026, and many in his orbit were heartened by the recent U.S. election win of Donald Trump, despite his own swirling legal threats. But the far-reaching investigations already have weakened Bolsonaro’s status as a leader of Brazil’s right wing, said Carlos Melo, a political science professor at Insper University in Sao Paulo. “Bolsonaro is already barred from running in the 2026 elections,” Melo told the The Associated Press. “And if he is convicted he could also be jailed by then. To avoid being behind bars, he will have to convince Supreme Court justices that he has nothing to do with a plot that involves dozens of his aides. That’s a very tall order,” Melo said. A formal accusation of an attempted coup means the investigation has gathered indications of “a crime and its author,” said Eloísa Machado de Almeida, a law professor at Getulio Vargas Foundation, a university in Sao Paulo. She said she believed there was enough legal grounds for the prosecutor-general to file charges. Bolsonaro’s allies in Congress have been negotiating a bill to pardon individuals who stormed the Brazilian capital and rioted on Jan. 8, 2023 in a failed attempt to keep the former president in power. Analysts have speculated that lawmakers want to extend the legislation to cover the former president himself. However, efforts to push a broad amnesty bill may be “politically challenging” given recent attacks on the judiciary and details emerging in investigations, Machado said. On Tuesday, Federal Police arrested four military and a Federal Police officer, accused of plotting to assassinate Lula and Supreme Court Justice Alexandre de Moraes as a means to overthrow the government following the 2022 elections. And last week, a man carried out a bomb attack in the capital Brasilia . He attempted to enter the Supreme Court and threw explosives outside, killing himself.
Santa Clara, CA and Kyoto, Japan, Dec. 12, 2024 (GLOBE NEWSWIRE) -- ROHM Semiconductor today announced the adoption of its PMICs in power reference designs focused on the next-generation cockpit SoCs Dolphin3 ( REF67003 ) and Dolphin5 ( REF67005 ) by Telechips, a major fabless semiconductor manufacturer for automotive applications headquartered in Pangyo, South Korea. Intended for use inside the cockpits of European automakers, these designs are scheduled for mass production in 2025. ROHM and Telechips have been engaged in technical exchanges since 2021, fostering a close collaborative relationship from the early stages of SoC chip design. As a first step in achieving this goal, ROHM’s power supply solutions have been integrated into Telechips’ power supply reference designs. These solutions support diverse model development by combining sub-PMICs and DrMOS with the main PMIC for SoCs. For infotainment applications, the Dolphin3 application processor (AP) power reference design includes the BD96801Qxx-C main PMIC for SoCs. Similarly, the Dolphin5 AP power reference design developed for next-generation digital cockpits combines the BD96805Qxx-C and BD96811Fxx-C main PMICs for SoC with the BD96806Qxx-C sub-PMIC for SoC, improving overall system efficiency and reliability. Modern cockpits are equipped with multiple displays, such as instrument clusters and infotainment systems, with each automotive application becoming increasingly multifunctional. As the processing power required for automotive SoCs increases, power ICs like PMICs must be able to support high currents while maintaining high efficiency. At the same time, manufacturers require flexible solutions that can accommodate different vehicle types and model variations with minimal circuit modifications. ROHM SoC PMICs address these challenges with high efficiency operation and internal memory (One Time Programmable ROM) that allows for custom output voltage settings and sequence control, enabling compatibility with large currents when paired with a sub-PMIC or DrMOS. Moonsoo Kim, Senior Vice President and Head of System Semiconductor R&D Center, Telechips Inc. “Telechips offers reference designs and core technologies centered around automotive SoCs for next-generation ADAS and cockpit applications. We are pleased to have developed a power reference design that supports the advanced features and larger displays found in next-generation cockpits by utilizing power solutions from ROHM, a global semiconductor manufacturer. Leveraging ROHM’s power supply solutions allows these reference designs to achieve advanced functionality while maintaining low power consumption. ROHM power solutions are highly scalable, so we look forward to future model expansions and continued collaboration.” Sumihiro Takashima, Corporate Officer and Director of the LSI Business Unit, ROHM Co., Ltd. “We are pleased that our power reference designs have been adopted by Telechips, a company with a strong track record in automotive SoCs. As ADAS continues to evolve and cockpits become more multifunctional, power supply ICs must handle larger currents while minimizing current consumption. ROHM SoC PMICs meet the high current demands of next-generation cockpits by adding a DrMOS or sub-PMIC in the stage after the main PMIC. This setup achieves high efficiency operation that contributes to lower power consumption. Going forward, ROHM will continue our partnership with Telechips to deepen our understanding of next-generation cockpits and ADAS, driving further evolution in the automotive sector through rapid product development.” Telechips SoC [Dolphin Series] The Dolphin series consists of automotive SoCs tailored to In-Vehicle Infotainment (IVI), Advanced Driver Assistance Systems (ADAS), and Autonomous Driving (AD) applications. Dolphin3 supports up to four displays and eight in-vehicle cameras, while Dolphin5 enables up to five displays and eight cameras, making highly suited as SoCs for increasingly multifunctional next-generation cockpits. Telechips is focused on expanding the Dolphin series of APs (Application Processors) for car infotainment, with models like Dolphin+, Dolphin3, and Dolphin5, by leveraging its globally recognized technical expertise cultivated over many years. ROHM 's Reference Design Page Details of ROHM’s reference designs and information on equipped products are available on ROHM’s website, along with reference boards. Please contact a sales representative or visit ROHM’s website for more information. https://www.rohm.com/contactus Power Supply Reference Design [REF67003] (equipped with Dolphin3) Reference Board No. REF67003-EVK-001 https://www.rohm.com/reference-designs/ref67003 Power Supply Reference Design [REF67005] (equipped with Dolphin5) Reference Board No. REF67005-EVK-001 https://www.rohm.com/reference-designs/ref67005 About Telechips Inc. Telechips is a fabless company specialized in designing system semiconductors that serve as the “brains” of automotive electronic components. The South Korean firm offers reliable, high-performance automotive SoCs. In response to the industry’s transition toward SDVs (Software Defined Vehicles), Telechips is broadening its core portfolio beyond car infotainment application processors (APs) to include MCUs, ADAS, network solutions, and AI accelerators. As a global, comprehensive automotive semiconductor manufacturer, Telechips adheres to international standards such as ISO 26262, TISAX, and ASPICE, leveraging both hardware and software expertise for future mobility ecosystems, including not only automotive smart cockpits, but also E/E architectures. What’s more, Telechips provides optimal solutions for In-Vehicle Infotainment systems (IVI), digital clusters, and ADAS, all compliant with key automotive standards (AEC-Q100, ISO 26262). Telechips has established business relationships with major automakers both domestically and internationally, supported by a strong track record of shipments. One flagship product is the Dolphin5 automotive SoC that integrates an Arm ® -based CPU, GPU, and NPU to meet high-performance requirements. As a fabless company, Telechips outsources the manufacturing of its SoCs to Samsung Electronics’ foundry, delivering high-quality semiconductor products to domestic and overseas manufacturers. For more information, please visit Telechips’ website: https://www.telechips.com/ *Arm ® is a trademark or registered trademark of Arm Limited. About ROHM ROHM, a leading semiconductor and electronic component manufacturer, was established in 1958. From the automotive and industrial equipment markets to the consumer and communication sectors, ROHM supplies ICs, discretes, and electronic components featuring superior quality and reliability through a global sales and development network. The company’s strengths in the analog and power markets allow ROHM to propose optimized solutions for entire systems that combine peripheral components (i.e., transistors, diodes, resistors) with the latest SiC power devices as well as drive ICs that maximize their performance. Please visit ROHM’s website for more information: https://www.rohm.com Terminology PMIC (Power Management IC) An IC that contains multiple power supply systems and functions for power management and sequence control on a single chip. It is becoming more commonplace in applications with multiple power supply systems in both the automotive and consumer sectors by significantly reducing space and development load vs conventional circuit configurations using individual components (i.e., DC-DC converter ICs, LDOs, discretes). SoC (System-on-a-Chip) A type of integrated circuit that incorporates a CPU (Central Processing Unit), memory, interface, and other elements on a single substrate. Widely used in automotive, consumer, and industrial applications due to its high processing capacity, power efficiency, and space savings. AP (Application Processor) Responsible for processing applications and software in devices such as smartphones, tablets, and automotive infotainment systems. It includes components such as a CPU, GPU, and memory controller to efficiently run the Operating System (OS), process multimedia, and render graphics. DrMOS (Doctor MOS) A module that integrates a MOSFET and gate driver IC. The simple configuration is expected to reduce design person-hours along with mounting area and to achieve efficient power conversion. At the same time, the built-in gate driver ensures high reliability by stabilizing MOSFET drive. Attachment ROHM PMICs to be used in Telechips' Reference DesignsNEW YORK--(BUSINESS WIRE)--Dec 12, 2024-- Goldman Sachs Asset Management, the investment adviser for the Goldman Sachs Bloomberg Clean Energy Equity ETF, Goldman Sachs North American Pipelines & Power Equity ETF and Goldman Sachs Future Real Estate and Infrastructure Equity ETF (each, a “Fund” and collectively, the “Funds”), announced today that the Funds’ Board of Trustees, at the recommendation of Goldman Sachs Asset Management, has approved a plan of liquidation for each Fund (collectively, the “Plans”). Under the Plans, which are effective today, the Funds will begin the process of liquidating portfolio assets and unwinding their affairs in an orderly fashion over time. The Plans are not subject to shareholder approval. Shareholders of the Funds may sell their shares on the Fund’s listing exchange, Cboe BZX Exchange, Inc. (“Cboe”) for the Goldman Sachs Bloomberg Clean Energy Equity ETF and Goldman Sachs North American Pipelines & Power Equity ETF or NYSE Arca, Inc. (“NYSE Arca”) for the Goldman Sachs Future Real Estate and Infrastructure Equity ETF until market close on January 10, 2025, and may incur transaction fees from their broker-dealer. The Funds’ shares will no longer trade on Cboe or NYSE Arca, as applicable, after market close on January 10, 2025, and the shares will subsequently be de-listed. Shareholders who continue to hold shares of a Fund on the Funds’ liquidation date, which is expected to be on or about January 17, 2025, will receive a liquidating distribution of cash in the cash portion of their brokerage accounts equal to the amount of the net asset value of their shares. For tax purposes, shareholders will generally recognize a capital gain or loss equal to the amount received for their shares over their adjusted basis in such shares. The Funds will stop accepting creation orders from Authorized Participants on January 10, 2025. About Goldman Sachs Asset Management Goldman Sachs Asset Management is the primary investing area within Goldman Sachs (NYSE: GS), delivering investment and advisory services across public and private markets for the world’s leading institutions, financial advisors, and individuals. The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets. Goldman Sachs Asset Management is a leading investor across fixed income, liquidity, equity, alternatives, and multi-asset solutions. Goldman Sachs oversees approximately $3.1 trillion in assets under supervision as of September 30, 2024. Follow us on LinkedIn . The Goldman Sachs Bloomberg Clean Energy Equity ETF (the “Fund”) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg Goldman Sachs Global Clean Energy Index (the “Index”), which delivers exposure to companies that are expected to have a significant impact on energy decarbonization through their exposure to clean energy. The Fund’s investments are subject to market risk , which means that the value of the securities in which it invests may go up or down in response to the prospects of individual companies, particular sectors or governments and/or general economic conditions. Foreign and emerging markets investments may be more volatile and less liquid than investments in U.S. securities and are subject to the risks of currency fluctuations and adverse social, economic or political developments. Because the Fund may have significant investments in the clean energy sector , the Fund is subject to risk of loss as a result of adverse economic, business or other developments affecting industries within that sector. The securities of mid- and small-capitalization companies involve greater risks than those associated with larger, more established companies and may be subject to more abrupt or erratic price movements. The Fund is not actively managed, and therefore the Fund will not generally dispose of a security unless the security is removed from the Index. The Index calculation methodology may rely on information based on assumptions and estimates and neither the Fund, the index provider nor the investment adviser can guarantee the accuracy of the methodology’s valuation of securities or the availability or timeliness of the production of the Index. Performance may vary substantially from the performance of the Index as a result of transaction costs, expenses and other factors. The Goldman Sachs North American Pipelines & Power Equity ETF (the “Fund”) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Solactive Energy Infrastructure Enhanced Index (the “Index”), which is designed to deliver exposure to equity securities of U.S. and Canadian listed companies including companies structured as master limited partnerships (“MLPs”), operating in the pipelines and power universe. The Fund’s investments are subject to market risk , which means that the value of the securities in which it invests may go up or down in response to the prospects of individual companies, particular sectors or governments and/or general economic conditions. Foreign investments may be more volatile and less liquid than investments in U.S. securities and are subject to the risks of currency fluctuations and adverse economic, social or political developments, including sanctions, counter-sanctions and other retaliatory actions. Investments in MLPs are subject to certain additional risks, including risks related to limited control and limited rights to vote on matters affecting MLPs, potential conflicts of interest, cash flow risks, dilution risks, limited liquidity , risks related to the general partner’s right to force sales at undesirable times or prices, interest rate sensitivity and for MLPs with smaller capitalizations, lower trading volume and abrupt or erratic price movements. MLPs are also subject to risks relating to their complex tax structure , including the risk that an MLP could lose its tax status as a partnership, resulting in a reduction in the value of the Fund’s investment in the MLP and lower income to the Fund. MLPs are also subject to the risk that to the extent that a distribution received from an MLP is treated as a return of capital, the Fund’s adjusted tax basis in the MLP interests may be reduced, which may increase the Fund’s tax liability upon the sale of the MLP interests or upon subsequent distributions in respect of such interests. Many MLPs in which the Fund invests operate facilities within the energy sector and are also subject to risks affecting that sector . Because the Index currently concentrates its investments in the energy sector , the Fund is subject to greater risk of loss as a result of adverse economic, business or other developments affecting that industry or group of industries. The Fund is not actively managed , and therefore the Fund will not generally dispose of a security unless the security is removed from the Index. The Index calculation methodology may rely on information based on assumptions and estimates and neither the Fund, the index provider nor the investment adviser can guarantee the accuracy of the methodology’s valuation of securities or the availability or timeliness of the production of the Index. Performance may vary substantially from the performance of the Index as a result of transaction costs, expenses and other factors. The Fund is non-diversified and may invest a larger percentage of its assets in fewer issuers than “diversified” funds. Accordingly, the Fund may be more susceptible to adverse developments affecting any single issuer held in its portfolio and to greater losses resulting from these developments. The Goldman Sachs Future Real Estate and Infrastructure Equity ETF (the “Fund”) seeks long-term growth of capital. The Fund is an actively managed exchange-traded fund. The Fund pursues its investment objective by primarily investing in U.S. and non-U.S. real estate and infrastructure companies that the Investment Adviser believes are aligned with key themes associated with secular growth drivers for real estate and infrastructure assets. The Fund’s investments are subject to market risk , which means that the value of the securities in which it invests may go up or down in response to the prospects of individual companies, particular sectors or governments and/or general economic conditions. The Fund’s thematic investment strategy limits the universe of investment opportunities available to the Fund and may affect the Fund’s performance relative to similar funds that do not seek to invest in companies exposed to such themes. The Fund relies on the Investment Adviser for the identification of companies the Investment Adviser believes are aligned with key themes associated with secular growth drivers for real estate and infrastructure assets, and there is no guarantee that the Investment Adviser’s views will reflect the beliefs or values of any particular investor or that real estate and infrastructure companies in which the Fund invests will benefit from their associations with secular growth drivers for real estate and infrastructure assets. Different investment styles (e.g., “growth” and “value”) tend to shift in and out of favor, and at times the Fund may underperform other funds that invest in similar asset classes. Because the Fund concentrates its investments in certain specific industries, the Fund is subject to greater risk of loss as a result of adverse economic, business or other developments affecting those industries than if its investments were more diversified across different industries . Stock prices of real estate and infrastructure companies in particular may be especially volatile. Investing in Real Estate Investment Trusts (“REITs”) involves certain unique risks in addition to those risks associated with investing in the real estate industry in general. REITs whose underlying properties are focused in a particular industry or geographic region are also subject to risks affecting such industries and regions. The securities of REITs involve greater risks than those associated with larger, more established companies and may be subject to more abrupt or erratic price movements because of interest rate changes, economic conditions and other factors. Foreign and emerging markets investments may be more volatile and less liquid than investments in U.S. securities and are subject to the risks of currency fluctuations and adverse economic, social or political developments, including sanctions, counter-sanctions and other retaliatory actions. Such securities are also subject to foreign custody risk. The securities of mid- and small-capitalization companies involve greater risks than those associated with larger, more established companies and may be subject to more abrupt or erratic price movements. The Fund is “ non-diversified ” and may invest a larger percentage of its assets in fewer issuers than “diversified” funds. In addition, the Fund may invest in a relatively small number of issuers . Accordingly, the Fund may be more susceptible to adverse developments affecting any single issuer held in its portfolio and to greater losses resulting from these developments. Fund shares are not individually redeemable and are issued and redeemed by a Fund at their net asset value (“NAV”) only in large, specified blocks of shares called creation units. Shares otherwise can be bought and sold only through exchange trading at market price (not NAV). Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. A summary prospectus, if available, or a Prospectus for each Fund containing more information may be obtained from your authorized dealer or from Goldman Sachs & Co. LLC by calling 1-800-621-2550. Please consider a Fund's objectives, risks, and charges and expenses, and read the summary prospectus, if available, and the Prospectus carefully before investing. The summary prospectus, if available, and the Prospectus contains this and other information about the Funds. The Investment Company Act of 1940 (the “Act”) imposes certain limits on investment companies purchasing or acquiring any security issued by another registered investment company. For these purposes the definition of “investment company” includes funds that are unregistered because they are excepted from the definition of investment company by sections 3(c)(1) and 3(c)(7) of the Act. You should consult your legal counsel for more information. Goldman Sachs does not provide accounting, tax or legal advice. © 2024 Goldman Sachs All rights reserved NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY. ALPS Control: GST: 2818 Compliance Code: 402923-OTU-2167293 Date of first use: 12/12/2024 View source version on businesswire.com : https://www.businesswire.com/news/home/20241212407058/en/ CONTACT: Media: Victoria Zarella Tel: 212-902-5400 KEYWORD: NEW YORK UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE SOURCE: Goldman Sachs Asset Management Copyright Business Wire 2024. PUB: 12/12/2024 05:12 PM/DISC: 12/12/2024 05:10 PM http://www.businesswire.com/news/home/20241212407058/en
How major US stock indexes fared Friday, 12/6/2024U.S. stocks rose to records after data suggested the job market remains solid enough to keep the economy going, but not so strong that it raises immediate worries about inflation. The S&P 500 climbed 0.2%, just enough top the all-time high set on Wednesday, as it closed a third straight winning week in what looks to be one of its best years since the 2000 dot-com bust. The Dow Jones Industrial Average dipped 0.3%, while the Nasdaq composite climbed 0.8% to set its own record. Treasury yields eased after the jobs report showed stronger hiring than expected but also an uptick in the unemployment rate. On Friday: The S&P 500 rose 15.16 points, or 0.2%, to 6,090.27. The Dow Jones Industrial Average fell 123.19 points, or 0.3%, to 44,642.52. The Nasdaq composite rose 159.05 points, or 0.8%, to 19,859.77. The Russell 2000 index of smaller companies rose 12.83 points, or 0.5%, to 2,408.99. For the week: The S&P 500 is up 57.89 points, or 1%. The Dow is down 268.13 points, or 0.6%. The Nasdaq is up 641.61 points, or 3.3%. The Russell 2000 is down 25.73 points, or 1.1%. For the year: The S&P 500 is up 1,320.44 points, or 27.7%. The Dow is up 6,952.98 points, or 18.4%. The Nasdaq is up 4,848.42 points, or 32.3%. The Russell 2000 is up 381.92 points, or 18.8%.
EDMONTON — Alberta’s information and privacy commissioner says she is worried -- but not surprised -- the province voted this week to pass legislation she says will reduce public access to government information. "I am concerned," commissioner Diane McLeod said in an interview. "All of those things I think are going to impact the right of access significantly for Albertans." The government wrapped up the fall sitting of the legislature late Wednesday night, passing a bill from Service Alberta Minister Dale Nally on new rules surrounding freedom of information. The bill creates new exemptions for what documents the public has a right to access. They will not be allowed to see any document created by or for the premier, government ministers or the provincial Treasury Board, including correspondence like emails. When the bill was introduced last month, McLeod wrote to Nally outlining multiple concerns, but no amendments were made to Nally's bill before it passed third and final reading. "There was nothing in (the letter that) would have come as any surprise to them," said McLeod, whose office has been investigating the government's handling of freedom of information requests since the summer of 2023. "I didn't really expect them to respond to my comments and recommendations.” In the letter, McLeod wrote that the proposed changes give the government more power to avoid disclosing information to the public by including in the exempted correspondence “virtually all communication between political staff and (members of cabinet).” Nally has repeatedly rejected the criticism, saying that such electronic communication should be confidential as freedom of information "is about access to government documents, not about political conversation." Nally's bill also extends the time frame for when public bodies must respond to freedom of information applications to 30 business days from 30 days. It also permits public bodies to dismiss information applications if they are deemed not to be "reasonable." What is and is not reasonable is not defined in the bill. Nally has denied the changes will make Alberta's government less transparent. “Every province is a little bit different, but at the end of the day there will be no light between us when it comes to offering access to information to Albertans,” Nally said Wednesday. Irfan Sabir, the Opposition NDP's justice critic, said the bill will make accessing government records much more difficult. "We are dealing with a government that is already very secretive, that is dishonest, that is not transparent, so it will make things way worse," said Sabir. During the sitting, Smith’s government also passed three contentious bills surrounding transgender youth. The bills ban the prescribing of puberty blockers to those under 16, require parental notification and consent if those under 16 wish to use a different name or pronouns in school, and ban transgender athletes from competing in female amateur sports. They also ban minors from receiving gender-affirming "top" surgery. Opposition NDP Leader Christina Gray said Thursday they tried to remedy multiple bills with amendments but were voted down by Smith’s UCP majority. “We were batting zero," said Gray. "None of our (26) amendments were accepted." NDP Leader Naheed Nenshi said Smith’s government lost sight of what matters to Albertans. "They tabled ... (13) bills with not a single bill about affordability, about jobs, about housing, about public safety,” said Nenshi. “The only things they had to say on health care and education were 'Let's make sure vulnerable kids are more vulnerable in schools and in the doctor's office,'" said Nenshi. Smith’s government also made headlines during the fall sitting by firing the board of and key executives with the Alberta Investment Management Corp. and naming former prime minister Stephen Harper as the new board chair just weeks later. AIMCo is the agency responsible for managing nearly $170 billion in assets, including public sector pension funds and the province's rainy-day Heritage Savings Trust Fund. This report by The Canadian Press was first published Dec. 5, 2024. Jack Farrell, The Canadian PressThe King seemed amused as he laughed at British comedian Matt Forde’s impression of President-elect Donald Trump on the stage of the Royal Variety Performance. Charles attended the show at the Royal Albert Hall in London for the first time as patron of the Royal Variety charity, following in the footsteps of his mother, the late Queen Elizabeth II. In a statement from Buckingham Palace, he said: “The charity’s crucial work in assisting those who have fallen ill, had an accident or hit hard times is as essential now as it ever has been. “I would like to thank all of those who have worked so hard to stage this year’s production and wish everyone a very enjoyable evening.” The performance saw political comic Forde reference the unfounded claims Mr Trump repeated during his presidential debate against Democrat candidate Kamala Harris earlier this year, that illegal immigrants from Haiti were eating locals’ pets in the small Ohio city of Springfield. Forde exclaimed in the president-elect’s voice: “They’re eating the cats, they’re eating the dogs!” He then turned to address Charles from the stage, saying in Mr Trump’s voice: “Your Majesty King Charles, you’re named after a spaniel – be very careful, they’ll eat you alive.” The King was seen laughing in response to the joke from the royal box. Charles appeared at the event without the Queen, who insisted the “show must go on” after pulling out of attending the performance on Friday evening as doctors advised that she should prioritise rest. A Buckingham Palace spokesperson said: “Following a recent chest infection, the Queen continues to experience some lingering post-viral symptoms, as a result of which doctors have advised that, after a busy week of engagements, Her Majesty should prioritise sufficient rest. “With great regret, she has therefore withdrawn from attendance at tonight’s Royal Variety Performance. His Majesty will attend as planned.” A royal source said the Queen was “naturally disappointed to miss the evening’s entertainments and sends her sincere apologies to all those involved, but is a great believer that ‘the show must go on'”. “She hopes to be back to full strength and regular public duties very soon,” the source added. The Royal Variety Performance will air on ITV1, ITVX, STV and STV Player in December. Money raised from the show will go to help people from the world of entertainment in need of care and assistance, with the Royal Variety Charity launching an initiative to help those with mental health issues this year.
Shares of retail giant Costco Wholesale ( COST -0.87% ) jumped 11.2% during November, according to data provided by S&P Global Market Intelligence . The company reported monthly sales results early in the month and that's all the encouragement that investors needed to send the stock to an all-time high approaching $1,000 per share. Costco's sales results for October were released on Nov. 6, showing a 7% increase from October 2023. Interestingly, management believes that sales would have been up by an even higher amount. But hurricane preparations in September pulled some sales forward. While a single-digit increase might not seem like much, Costco is one of the biggest businesses in the world with annual sales in excess of $250 billion . Therefore, gaining even a single percentage point translates to billions of dollars. Costco stock has been one of the best performing stocks of the past decade with shares up nearly 600%. And it's also been a great performer in 2024, considering the stock is up 49% year to date as of this writing. And with ongoing strong sales results, investors are reluctant to sell. More all-time highs than one Costco's stock price is hitting all-time highs but so is its valuation. The company went public nearly 40 years ago. But at a price-to-earnings (P/E) ratio of 60, Costco stock has never been more expensive than it is right now, as the chart below shows. COST PE Ratio data by YCharts. In fact, the P/E ratio for Costco stock is more than double its all-time average, which is definitely something that investors today need to take into account when making decisions to buy or sell shares. How should investors process this? In investing, there are various risks, including competition, new technologies, and changing regulations. But valuation can also present a risk. If investors today pay more than Costco is worth, they risk seeing little return on their investment even if the business performs well. This is the only pressing risk that I see with an investment in Costco stock today. And that provides a measure of comfort. Consider that the business uses a membership-based model. And right now, retention rates are high, new members are signing up, and the average age of its members is getting younger, which are all really good signs for the long-term health of the business. For this reason, I find it unlikely that Costco would post financial results bad enough to sink shares back down to more reasonable valuations. It's more likely that shares won't pull back unless there's a broad market decline. If I were a shareholder, I'd take comfort in knowing that the business is as solid as ever, and October financial results showed that. Moreover, the company just released its net sales for November, showing another 6% sales jump. So I wouldn't necessarily consider selling. That said, for those looking to buy Costco stock, it may be prudent to wait for a better price with the valuation now at unprecedented levels.
Two major automakers are joining forces to survive
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Board game dev says Facebook rejected ads for game about the Supreme CourtWhy Tesla Stock Ended the Week on a High NoteAP News Summary at 5:15 p.m. EST