Company Announcement COPENHAGEN, Denmark; December 3, 2024 - Genmab A/S (Nasdaq: GMAB) will increase its share capital by 10,355 shares as a consequence of the exercise of employee warrants. The increase is effected without any preemption rights for the existing shareholders of the company or others. The shares are subscribed in cash at the following price per share of nominally DKK 1: 554 shares at DKK 962.00, 3,436 shares at DKK 1,025.00, 4,942 shares at DKK 1,032.00, 305 shares at DKK 1,050.00, and 1,118 shares at DKK 1,334.50. Proceeds to the company are approximately DKK 11.0 million. The increase corresponds to approximately 0.02% of the company's share capital. The new shares are ordinary shares without any special rights and are freely transferable negotiable instruments. The new shares give rights to dividends and other rights in relation to the company as of subscription. The new shares will be listed on Nasdaq Copenhagen after registration with the Danish Business Authority. The capital increase is expected to be finalized shortly. Pursuant to section 32 of the Danish Capital Markets Act No. 198 of February 26, 2024, it is hereby announced, that the total nominal value of Genmab A/S' share capital after the capital increase is DKK 66,187,186 which is made up of 66,187,186 shares of a nominal value of DKK 1 each, corresponding to 66,187,186 votes. About Genmab Genmab is an international biotechnology company with a core purpose of guiding its unstoppable team to strive toward improving the lives of patients with innovative and differentiated antibody therapeutics. For 25 years, its passionate, innovative and collaborative team has invented next-generation antibody technology platforms and leveraged translational, quantitative and data sciences, resulting in a proprietary pipeline including bispecific T-cell engagers, antibody-drug conjugates, next-generation immune checkpoint modulators and effector function-enhanced antibodies. By 2030, Genmab's vision is to transform the lives of people with cancer and other serious diseases with knock-your-socks-off (KYSO ® ) antibody medicines. Established in 1999, Genmab is headquartered in Copenhagen, Denmark, with international presence across North America, Europe and Asia Pacific. For more information, please visit Genmab.com and follow us on LinkedIn and X . Contact: Marisol Peron, Senior Vice President, Global Communications & Corporate Affairs T: +1 609 524 0065; E: [email protected] Andrew Carlsen, Vice President, Head of Investor Relations T: +45 3377 9558; E: [email protected] This Company Announcement contains forward looking statements. The words "believe,” "expect,” "anticipate,” "intend” and "plan” and similar expressions identify forward looking statements. Actual results or performance may differ materially from any future results or performance expressed or implied by such statements. The important factors that could cause our actual results or performance to differ materially include, among others, risks associated with preclinical and clinical development of products, uncertainties related to the outcome and conduct of clinical trials including unforeseen safety issues, uncertainties related to product manufacturing, the lack of market acceptance of our products, our inability to manage growth, the competitive environment in relation to our business area and markets, our inability to attract and retain suitably qualified personnel, the unenforceability or lack of protection of our patents and proprietary rights, our relationships with affiliated entities, changes and developments in technology which may render our products or technologies obsolete, and other factors. For a further discussion of these risks, please refer to the risk management sections in Genmab's most recent financial reports, which are available on www.genmab.com and the risk factors included in Genmab's most recent Annual Report on Form 20-F and other filings with the U.S. Securities and Exchange Commission (SEC), which are available at www.sec.gov . Genmab does not undertake any obligation to update or revise forward looking statements in this Company Announcement nor to confirm such statements to reflect subsequent events or circumstances after the date made or in relation to actual results, unless required by law. Genmab A/S and/or its subsidiaries own the following trademarks: Genmab ® ; the Y-shaped Genmab logo ® ; Genmab in combination with the Y-shaped Genmab logo ® ; HuMax ® ; DuoBody ® ; HexaBody ® ; DuoHexaBody ® , HexElect ® and KYSO ® . Company Announcement no. 63 CVR no. 2102 3884 LEI Code 529900MTJPDPE4MHJ122 Genmab A/S Carl Jacobsens Vej 30 2500 Valby Denmark Attachment 031224_CA63_Warrant Exercise
Vepdegestrant is a small molecule commercialized by , with a leading Phase III program in Human Epidermal Growth Factor Receptor 2 Negative Breast Cancer (HER2- Breast Cancer). According to Globaldata, it is involved in 23 clinical trials, of which 9 were completed, 11 are ongoing, and 3 are planned. Smarter leaders trust GlobalData The gold standard of business intelligence. The revenue for Vepdegestrant is expected to reach an annual total of $216 mn by 2034 in the US based off GlobalData’s Expiry Model. The drug’s revenue forecasts along with estimated costs are used to measure the value of an investment opportunity in that drug, otherwise known as net present value (NPV). Applying the drug’s phase transition success rate to remaining R&D costs and likelihood of approval (LoA) to sales related costs provides a risk-adjusted NPV model (rNPV). The rNPV model is a more conservative valuation measure that accounts for the risk of a drug in clinical development failing to progress. Vepdegestrant Overview Vepdegestrant (ARV-471) is under development for the treatment of estrogen receptor positive and HER2 negative metastatic breast cancer. It is administered through oral route. The drug candidate is a heterobifunctional PROTAC (proteolysis-targeting chimera) and selective estrogen receptor degrader (SERD) acts by targeting estrogen receptor alpha and cereblon (CRBN). Arvinas Overview is a biopharmaceutical company that develops protein degradation therapeutics. The company develops novel therapeutics for the treatment of neuroscience, oncology, and other therapeutic areas. Its pipeline product includes oncology and immuno-oncology pipeline and Neuroscience pipeline. Oncology and immuno-oncology pipeline products include Vepdegestrant (ARV-471), Bavdegalutamide (ARV-110), ARV-766, ARV-393, AR-V7, HPK1 (I-O Program), KRAS-G12D/V, Myelocytomatosis (Myc) proteins. Neuroscience pipeline products include ARV-102, Alpha, Synuclein, mHTT, Tau. The company intends to expand its transformative protein degradation technology and its product candidates into clinical development through collaborations with pharmaceutical companies. Arnivas is headquartered in New Haven, Connecticut, the US. The company reported revenues of (US Dollars) US$78.5 million for the fiscal year ended December 2023 (FY2023), a decrease of 40.3% over FY2022. The operating loss of the company was US$401.5 million in FY2023, compared to an operating loss of US$263.2 million in FY2022. The net loss of the company was US$367.3 million in FY2023, compared to a net loss of US$282.5 million in FY2022. The company reported revenues of US$76.5 million for the second quarter ended June 2024, compared to a revenue of US$25.3 million the previous quarter. For a complete picture of Vepdegestrant’s valuation, From Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors. , the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article. To create this model, GlobalData takes into account factors including patent law, known and projected regulatory approval processes, cash flows, drug margins and company expenses. Combining these data points with GlobalData’s world class analysis creates high value models that companies can use to help in evaluation processes for each drug or company. The rNPV method integrates the probability of a drug reaching a clinical stage into the cash flow at that time, which provides a more accurate valuation, as it considers the probability that the drug never makes it through the clinical pathway to commercialization. GlobalData’s rNPV model uses proprietary likelihood of approval (LoA) and phase transition success rate (PTSR) data for the indication in the highest development stage, which can be found on GlobalData’s .
Customs officials in New Zealand are reporting the arrest of a Canadian woman who is alleged to have been caught with 10.2 kilograms of methamphetamine found inside her baggage and wrapped as if it belonged under a Christmas tree. The New Zealand Customs Service issued a news release Tuesday saying the woman took a flight from Vancouver to Auckland, arriving in the North Island city on Dec. 8. The individual was questioned after landing in Auckland, the customs service said. Officers searched her bag and allegedly found the drugs inside it. On social media, the customs service identified the accused as a Canadian national . But she was not identified by name in that posting, nor in the news release. The customs service said the woman faces "charges of importation and possession for supply of a Class A controlled drug" and that she appeared in Auckland's Manukau District Court on these same charges and has since been remanded into custody. Global Affairs Canada did not immediately provide a response on Tuesday to an emailed inquiry about the reported arrest of the Canadian in New Zealand. The Canadian Air Transport Security Authority — the Crown corporation responsible for security screening at more than 80 Canadian airports, including Vancouver International Airport — told CBC News in an email that it "not aware" of the investigation in New Zealand and as such has no information about it. CBC Investigates Australian police say illicit drugs being snuck in via Canada The New Zealand Customs Service has reported at least two prior incidents this year involving Canadians flying out of Vancouver, landing in New Zealand, and then being arrested on allegations they were ferrying methamphetamine to the island country. One case involved a 27-year-old male who travelled overseas in August , while another involved a 27-year-old female who flew to Auckland in late October . The customs service had directly referred to the individuals in the prior cases as being alleged drug couriers. In the current case, it said only that it works closely "with our Canadian partners and collaborate with them closely to, in some cases, stop the drug couriers even before they board a flight here." Canadians have also allegedly been caught with methamphetamine inside their luggage Down Under in recent months, according to the Australian Federal Police . In separate cases in October, a 59-year-old man was arrested at an airport in Brisbane and a 38-year-old man was arrested in Sydney . Both had flown to Australia from Vancouver and both had multiple kilograms of methamphetamine hidden in their luggage, according to police.
Former Google CEO Eric Schmidt says human-directed AI-controlled drones are the future of war. Schmidt's startup, White Stork, is developing drones for Ukraine to use in its war with Russia. AI drones are a growing trend in military innovation, as is tech to counter them. Former Google CEO Eric Schmidt says AI drones are the future of warfare but that human operators will need to ensure they don't go haywire. Advertisement Schmidt was Google's CEO from 2001 to 2011. He is now the founder of an AI drone startup called White Stork, which has provided Ukraine with drones to use in its war with Russia. At a Stanford lecture in August, Schmidt said that the war in Ukraine had turned him into a "licensed arms dealer." Schmidt said at the Stanford lecture that the startup's goal is to use AI "in complicated, powerful ways." Schmidt's White Stork and Palmer Luckey's Anduril are at the forefront of developing autonomous drones for the US military. Advertisement Schmidt has said he imagines a future where humans are far from the front line of conflicts, operating from afar machines that do the actual fighting. Speaking to PBS on Friday, Schmidt said that using armed men on the battlefield is an "antiquated method of war." "The correct model, and obviously war is horrific, is to have the people well behind and have the weapons well up front, and have them networked and controlled by AI," Schmidt said. "The future of war is AI, networked drones of many different kinds." At a tech conference in Saudi Arabia in October, Schmidt called tanks "useless" and said a $5,000 drone could destroy a $5 million American tank. Advertisement Schmidt said it's more important that the United States maintains the "human in the loop" rule for AI drones, meaning that a person will have "meaningful human control" of drones on the battlefield. "What will happen is that the computer will produce the battle plan and the human will authorize it, thereby giving the legitimacy of both authorizing it as a human but also the legitimacy of control and liability if they make a mistake," Schmidt said. Having a human operator is key to preventing a "Dr. Strangelove situation," Schmidt said, where "you have an automatic weapon which makes the decision on its own." Advertisement "That would be terrible," he said. Scott Sacknoff, president of aerospace and defense investment firm Spade Index, previously told Business Insider that autonomous drones in warfare are "definitely a trend." "Every 20 years, the defense sector sort of goes through a cycle where here are the new technologies that will have a greater impact on defense and military," he said. Advertisement Sacknoff said the military defense business is always looking for a "counter" to the newest technology and that the growth of autonomous drones would likely bring more innovations to stop them.
President-elect Donald Trump’s lawyers urge judge to toss his hush money convictionDALLAS — Delta and United became the most profitable U.S. airlines by targeting premium customers while also winning back a significant share of travelers on a tight budget. That is squeezing smaller low-fare carriers like Spirit Airlines, which recently filed for bankruptcy protection. Some travel-industry experts think Spirit’s troubles indicate that travelers on a budget will be left with fewer choices and higher prices. Other discount airlines are on much better financial footing than Spirit, but they too are lagging far behind the full-service airlines when it comes to recovering from the COVID-19 pandemic. Most industry experts think Frontier Airlines and other so-called ultra-low-cost carriers will fill the vacuum if Spirit shrinks, and that there is still plenty of competition to prevent prices from spiking. People are also reading... Spirit Airlines lost more than $2.2 billion since the start of 2020. Frontier has not reported a full-year profit since 2019, though that slump might end this year. Allegiant Air’s parent company is still profitable, but less so than before the pandemic. Those kind of numbers led United Airlines CEO Scott Kirby to declare recently that low-cost carriers were using “a fundamentally flawed business model” and customers hate flying on them. Kirby’s touchdown dance might turn out to be premature, but many analysts are wary about the near-term prospects for budget airlines, which charge cheaper fares but more fees than the big airlines. A traveler speaks with a Spirit Airlines agent May 24 at Hartsfield-Jackson Atlanta International Airport ahead of Memorial Day in Atlanta. Mike Stewart, Associated Press Low-cost airlines grew in the last two decades by undercutting big carriers on ticket prices, thanks in large part to lower costs, including hiring younger workers who were paid less than their counterparts at Delta Air Lines, United and American Airlines. Wages soared across the industry in the past two years, however, narrowing that cost advantage. The big airlines rolled out and refined their no-frills, “basic economy” tickets to compete directly with Spirit, Frontier and other budget carriers for the most price-sensitive travelers. The budget airlines became less efficient at using planes and people. As their growth slowed, they wound up with more of both than they needed. In 2019, Spirit planes were in the air an average of 12.3 hours every day. By this summer, the planes spent an average of two more hours each day sitting on the ground, where they don't make money. Spirit's costs per mile jumped 32% between 2019 and 2023. Another issue is that airlines added too many flights. Budget airlines and Southwest Airlines were among the worst offenders, but full-service airlines piled on. To make up for a drop in business travel, the big carriers added more flights on domestic leisure routes. The result: Too many seats on flights into popular tourist destinations such as Florida and Las Vegas, which drove down prices, especially for economy-class tickets. Rows of seats are shown Sept. 26 on a retrofitted Southwest Airlines jet at Love Field in Dallas. Tony Gutierrez, Associated Press Low-cost airlines are responding by following the old adage that if you can't beat them, join them. That means going premium, following the rapidly growing household wealth among upper-income people. The top one-fifth of U.S. households by income added $35 trillion in wealth since 2019 and holds nearly nine times the wealth of the middle fifth, according to the Federal Reserve. Frontier Airlines organized its fares into four bundles in May, with buyers of higher-priced tickets getting extras such as priority boarding, more legroom and checked bags. The airline dropped ticket-change or cancellation fees except for the cheapest bundle. Spirit followed in August with similar changes, blocking middle seats and charging passengers more for the comfort of aisle and window seats. Spirit Airlines CEO Ted Christie received a $3.8 million retention bonus a week before the Florida-based carrier filed for Chapter 11 bankruptcy. Christie will retain the bonus if he remains with the company for another year. The airline's stock has dropped over 90% this year. It has faced challenges including a blocked $3.8 billion merger with JetBlue and failed talks with Frontier. The pandemic disrupted Spirit's operations and travel patterns, reducing its daily aircraft utilization and increasing costs. Demand has shifted to full-service airlines as higher-income travelers vacation more, while inflation impacts lower-income consumers. Benzinga - News JetBlue Airways, which began flying more than 20 years ago as a low-cost carrier but with amenities, is digging out from years of steady losses. Under new CEO Joanna Geraghty, the first woman to lead a major U.S. airline, JetBlue is cutting unprofitable routes, bolstering core markets that include the Northeast and Florida, and delaying deliveries of $3 billion worth of new planes. Starting next year, Southwest Airlines will toss out a half-century tradition of “open seating” — passengers picking their own seat after boarding the plane. Executives say extensive surveying showed 80% of customers preferred an assigned seat, and that's especially true with coveted business travelers. More crowded planes also might be pushing passengers to spend more to escape a middle seat in the back of the plane. A Frontier Airlines jet takes off July 5, 2022, from Denver International Airport in Denver. David Zalubowski, Associated Press In other parts of the world, budget carriers are doing just fine. They bounced back from the pandemic just like their more highbrow competitors. Some industry experts say low-cost carriers in Asia and Europe have always attracted a more diverse mix of passengers, while in the U.S., affluent and middle-class travelers look down their noses at low-cost carriers. Jamie Baker, an analyst for JPMorgan, says he has many college friends who work in London and fly Irish airline Ryanair all the time, but he hardly knows anyone who has ever been on a Spirit or Frontier plane. A small plane tows a banner April 13, 2016, over Flint Bishop International Airport as part of ceremonies marking Allegiant Air joining the airport. Conor Ralph, The Flint Journal Delta CEO Ed Bastian is less dismissive of the “lower-end carriers” in the U.S. than United's Kirby. "I don’t see that segment ever disappearing,” Bastian said after Spirit’s bankruptcy filing. “I think there’s a market for it.” At the same time, he said the upscale moves by ultra-low-cost carriers are having no effect on his airline. Delta targets upscale travelers but also introduced basic-economy fares a decade ago, when discounters emerged as a growing threat to poach some of Delta's customers. “Just calling yourself a premium carrier and actually being a premium carrier are two totally different things,” Bastian said “It's not the size of the seat or how much room you have; it's the overall experience.” The most and least expensive U.S. airports to fly from in 2024 The most and least expensive U.S. airports to fly from in 2024 As frequent flyers know, air travel isn't cheap. With the summer months in full swing, demand for air travel is expected to reach record numbers in 2024 as airlines continue to recover after the COVID-19 pandemic. Luckily for those who are looking for ways to save on travel, one way to cut costs on your next vacation may be in finding the right places to fly in and out of. FinanceBuzz looked at average domestic airfares from the 45 busiest airports in the U.S. to learn which airports are best for travelers on a budget, as well as which ones to avoid if you are trying to travel affordably.Overall, the national average airfare cost decreased by 3.1% from 2022 to 2023 when adjusted for inflation (which translates to a 0.9% increase in non-adjusted dollars). The last time inflation-adjusted airfare costs dropped year-over-year was during the start of the COVID-19 pandemic, when it fell 18% between 2019 and 2020. Largely, this is good news for consumers who can spend less on airfare and have more room in their budget for hotels, restaurants, and other travel fees. In addition to earning rewards on airfare, most travel credit cards offer rewards for spending in these areas, which can offset overall vacation costs. Sergieiev // Shutterstock Least expensive airports Orlando International Airport (MCO) had the lowest airfare cost in the country at $265.58 on average. Home to iconic theme parks like Universal Studios, Sea World, and most notably, Walt Disney World, Orlando is one of America's top tourist destinations. This is welcome news for those bracing for expensive park tickets and food prices at the House of Mouse. Beyond saving with a Disney credit card on park-related purchases, visitors can also maximize savings by using a credit card like the Chase Sapphire Reserve which offers an annual travel credit, or even using a 0% APR credit card if you don't want to pay for your entire vacation at once. Another Florida-based airport, Fort Lauderdale-Hollywood International Airport (FLL), has the second-lowest average airfare cost in the country — tickets here are only about $5 more expensive than Orlando's. Just a few dollars behind FLL is Las Vegas's Harry Reid International (LAS), where fares cost $272.15 on average. LAS is also the last airport on our list where average airfare costs are less than $300. Oakland International Airport (OAK) has the fourth-lowest average airfare costs in the country at $303.79. And the fifth-least expensive airport, Chicago Midway International (MDW), comes in at $308.27. FinanceBuzz Most expensive airports For the third year in a row, Dulles International Airport (IAD) and San Francisco International Airport (SFO) have the two highest average fares in the country. Flights from Dulles cost $488.40 on average in 2023, while flights from San Francisco cost $444.59. Some silver lining for travelers who need to travel through Dulles: IAD is home to some of the best airport lounges in the country, including the recently-opened Capital One Lounge, available to Capital One Venture X or Venture Rewards credit card holders. With free food, drinks, and recharging stations, lounges can be one easy way to offset otherwise-expensive airport costs. Salt Lake City International Airport (SLC) has the third-highest average airfare in the country, with an average cost of $438.34.Last on our top-five list of the most expensive airports are Charlotte Douglas International Airport (CLT) and Detroit Metro Airport (DTW). Average airfare from Charlotte cost $436.80 last year, while flights from Detroit had an average price tag of $427.05.Biggest jumps in affordability rankingsSeattle-Tacoma International Airport (SEA) was the biggest affordability winner over the last year, dropping prices by more than $18 on average. SEA jumped from 36th most-affordable place last year to 28th place this year — an increase of eight spots. Raleigh-Durham International Airport (RDU) and Portland International Airport (PDX) experienced similar jumps, rising by seven spots each. RDU went from 24th place in 2022 to 17th in 2023, while PDX went from 42nd to 35th. Biggest drops in affordability rankingTwo different airports fell by eight spots in our affordability rankings, tied for the biggest drop of the year. The average fare at Sacramento International Airport (SMF) rose by $18.66 year-over-year, which led SMF to go from 18th in last year's affordability rankings to 26th this year. Prices rose even more at St. Louis Lambert International Airport (STL), going up by $19.64 on average from one year to the next. Consequently, STL fell from 21st to 29th place in terms of affordability. How to save when you flyAs you plan your travel, you'll find costs can vary widely at a single airport. With a little research and smart planning, you can find a deal at any airport. Here are a few tips to save on airfare:One way to save on airfare is to use airline credit card points, or travel cards, to book your travel. For newer travelers, some welcome bonuses on beginner travel credit cards can be enough to earn you a free flight (or two).As we all know, flights aren't the only expensive part of traveling. Save money on baggage fees by understanding your airlines and prepping for the hidden costs of air travel. MethodologyWe looked at 2023 airfare data released by the U.S. Department of Transportation in May 2024 to compare domestic airfares by origin city. This report calculated average fares based on domestic itinerary fares."Itinerary fares" consist of round-trip fares, unless only a one-way ticket was purchased. In that case, the one-way fare was used. Fares are based on total ticket value, including the price charged by the airline plus any additional taxes and fees levied at the time of purchase. Fares include only the price paid at booking and do not include fees for optional services like baggage fees. Averages also do not include frequent-flyer or "zero fares" or a few abnormally high reported fares.This story was produced by FinanceBuzz and reviewed and distributed by Stacker Media. FinanceBuzz Biggest jumps in affordability rankings Biggest drops in affordability ranking How to save when you fly Methodology 25-year look at U.S. airfare costs Based on Bureau of Transportation Statistics, the above chart shows inflation-adjusted average airline fares over the past 25 years. The least and most expensive airports to fly fromFor this report, we compared domestic airfares from the 45 busiest airports in the U.S. using data published by the U.S. Department of Transportation. FinanceBuzz The least and most expensive airports to fly from Stay up-to-date on what's happening
NoneHannigan retires from Solano County Board of Supervisors
By NADIA LATHAN Associated Press/Report for America Fred Harris, a former Democratic U.S. senator from Oklahoma, is being remembered by party members for his commitment to social and economic justice. Harris died Saturday at age 94. He served in Congress for eight years before mounting an unsuccessful presidential bid in 1976. The Oklahoma Democratic Party commemorated his work in the administration of President Lyndon B. Johnson to investigate civil unrest. Harris chaired the Democratic National Committee from 1969 to 1970 and helped unify the party after its tumultuous national convention in 1968. The former senator appeared at the Democratic National Convention earlier this year where he spoke to the Oklahoma delegation about progress and unity. Oklahoma residents on Sunday mourned the death of former Democratic U.S. Sen. Fred Harris, a trailblazer in progressive politics in the state who ran an unsuccessful presidential bid in 1976. Harris died on Saturday at 94. Democratic Party members across Oklahoma remembered Harris for his commitment to economic and social justice during the 1960s — a period of historical turbulence. Harris chaired the Democratic National Committee from 1969 to 1970 and helped unify the party after its tumultuous national convention in 1968 when protesters and police clashed in Chicago. “Fred Harris showed us what is possible when we lead with both heart and principle. He worked to ensure everyone had a voice and a seat at the table,” said Alicia Andrews, chair of the Oklahoma Democratic Party. Harris appeared at the Democratic National Convention in Chicago earlier this year as a guest speaker for the Oklahoma delegation, where he reflected on progress and unity. “Standing alongside him in Chicago this summer was a reminder of how his legacy continues to inspire,” Andrews said. Kalyn Free, a member of the Choctaw nation of Oklahoma and the DNC, said that there is no one else in public service whom she admired more than the former senator. “He was a friend, a mentor, a hero and my True North. Oklahoma and America have lost a powerful advocate and voice,” Free said in a statement. “His work for Indian Country will always be remembered.” “Senator Harris truly was an Oklahoma treasure and was ahead of his time in so many ways,” said Jeff Berrong, whose grandfather served in the state Senate with Harris. “He never forgot where he came from and he always remained focused on building a society that would provide equality of opportunity for all.” Harris served eight years in the state Senate before he was elected to the U.S. Senate, where he served another eight years before his 1976 presidential campaign. State party leaders commemorated his work on the National Advisory Commission on Civil Disorders, or the Kerner Commission, to investigate the 1960s riots. Harris was the last surviving member of the commission. Shortly after his presidential campaign, Harris left politics and moved to New Mexico and became a political science professor at the University of New Mexico. —- Lathan is a corps member for the Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.NEW YORK , Dec. 15, 2024 /PRNewswire/ -- The global steel casting market size is estimated to grow by USD 7.27 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 4.6% during the forecast period. The report provides a comprehensive forecast of key segments below- Segmentation Overview Get a glance at the market contribution of rest of the segments - Download a FREE Sample Report in minutes! 1.1 Fastest growing segment: The global steel casting market experienced significant growth in the automotive and transportation sector in 2023. Steel casting is a cost-effective solution for manufacturing various components in this industry, including drums, flywheels, engine casings, gears, suspension systems, steering systems, pipe fittings, exhaust systems, cylinder heads, and others. In automotive manufacturing, the increasing global volume of vehicle production will continue to drive demand for steel casting. Leading automobile producers, such as Germany , South Korea , Japan , India , and China , will contribute to this growth. Additionally, steel casting is extensively used in the railway and locomotive industry for components like chocks, derailers, heel blocks, joint bars, rail braces, railway tracks and lines, and other locomotive parts. In the aerospace sector, steel casting is utilized for manufacturing turbine engines and aircraft components due to its high quality and precision. The rising middle-class population, with an annual income between USD20,000 and USD150,000 , is expected to reach over 48% of the global population by 2027. This demographic's increasing spending power on domestic airline travel will fuel the demand for freight aircraft, leading to growth in the steel casting market for this segment. Overall, the automotive and transportation sector's expansion will significantly contribute to the global steel casting market's growth during the forecast period. Analyst Review The global steel casting market is witnessing significant growth due to its extensive applications in various industries. Automotive sector is a major consumer, with the increasing production of lightweight vehicles leading to a higher demand for aluminum casting and magnesium components. Die casting using sand molds is a popular method in automotive manufacturing, while the construction market relies on cast iron and grey iron metal for infrastructure projects and industrial products. Recyclable materials are increasingly being used to reduce environmental impact. The telecom industry utilizes stainless-steel castings for their durability and resistance to corrosion. Emission regulations drive the demand for iron casting in powertrains and engine components. The transportation, water supply, energy networks, and building & construction industries also contribute to the market growth. Skilled labor is essential for the production of high-quality steel castings, making it a labor-intensive process. Ductile iron and various alloys are used in various applications, including vehicle components, pipes, and engine blocks. Market Overview The Steel Casting Market encompasses the production of various types of steel castings, including those made from grey iron metal, ductile iron, and stainless-steel, using processes like sand mold and die casting. This capital-intensive industry caters to diverse sectors, with significant demand coming from the Automotive Sector for manufacturing engine components, transmissions, and lightweight vehicle parts using aluminum casting and magnesium. The Telecom Industry also utilizes steel castings for producing antennas and other infrastructure equipment. Regulations, particularly emission regulations, influence the market's growth, driving the adoption of lightweight casting materials like aluminum alloy and the increase in aluminum content in vehicle production. The European Union (EU) and other regional bodies set regulations that impact regional-level production numbers and penetration. The Metal Casting Industry's average selling price depends on the volume of components produced, material type, and process used. Foundry Equipment manufacturers cater to this industry, providing essential machinery for the production of castings. The market includes various types of castings, such as those for powertrains, body & chassis, and industrial products. The Building & Construction Industry and Infrastructure Projects also rely on steel castings for transportation, water supply, and energy networks. Alternative manufacturing processes like 3D printing and investment casting are gaining traction, potentially impacting the traditional steel casting market. The market's growth is influenced by vehicle type, regional-level production numbers, and regional-level penetration, with thousands of units produced annually. To understand more about this market- Download a FREE Sample Report in minutes! Key Topics Covered: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Venodr Landscape 11 Vendor Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/steel-casting-market-size-to-increase-by-usd-7-27-billion-between-2023-to-2028--market-segmentation-by-application-product-geography-technavio-302331367.html SOURCE Technavio
The Consumer Protection Directorate (CPD) of the Nigerian Civil Aviation Authority (NCAA) is organising a special end-of-year programme for residents of the South-South region of the country. The Directorate is inviting air travellers, airline operators, and other aviation service providers to a two-day consumer awareness event in Port Harcourt, the capital of Rivers State. The awareness programme aims to sensitise the travelling public on their rights and obligations as passengers. “There has been a great need, more than ever, to adopt a more robust and inclusive regulatory approach and strategic intervention mechanism in the discharge of the Authority’s mandate,” an NCAA official stated. Studies conducted by the NCAA revealed that many passengers are unaware of their rights and obligations. The studies also noted that flight delays can sometimes result from natural phenomena, meaning that neither the airline nor airport management should be held accountable in such cases. The program, organised in collaboration with various organisations, includes a Consumer Awareness Roadshow themed “Effective and Efficient Travel Experience Management for Increased Participation and Enhanced Regulation.” The roadshow, coordinated by Janvier Technologies Ltd., will be held on December 4, 2024, starting at 10:00 a.m. at the Port Harcourt International Airport, Omagwa. Following the roadshow, a Town Hall meeting themed “Repositioning the Nigerian Aviation Industry for Operational Efficiency, Service Excellence, and Economic Viability” will take place. The event, organised by GPC Limited, will adopt an interactive format to encourage passengers to share their air travel experiences in Nigeria. It will be held at LA Kings Event Centre, 31 Stadium Road, Port Harcourt. These two events, according to the organisers, will culminate in a conference on December 5, 2024. The conference, themed “Enhancing Global Prominence and International Competitiveness of the Nigerian Aviation Sector,” is organised by Pliance Global Aviation and will be held at Osborn La-palm Royal Resort, 3 Olaka Street, off Abacha Road, GRA Phase 2, Port Harcourt. The sensibilization campaign aligns with the renewed commitment of the NCAA’s executive management, under the leadership of Captain Chris Ona Najomo, to foster a civil aviation sector that maximally contributes to the country’s economic growth and development. “The regulatory authority is determined to close this gap through this sensitisation campaign,” the NCAA emphasised. One key objective of the town hall interaction is to inform consumers of their rights, build a more informed customer and air travel community, and entrench a culture of service excellence across the civil aviation value chain. “There is a greater need, more than ever, to adopt a more robust and inclusive regulatory approach and strategic intervention mechanism in discharging the authority’s mandate,” an NCAA representative reiterated. For effective feedback from air travellers, the programme will feature random customer interviews, stakeholder engagements, and a town hall interface. This initiative aims to bridge the knowledge gap between air travellers, airlines, and aviation agencies, which in the past has led to misunderstandings and poor consumer experiences for both domestic and international passengers. Experts will deliver papers at the conference to enhance the knowledge of air travellers and airport users on innovative ideas introduced by the current NCAA management regarding consumer protection. The conference will also shed light on passengers’ rights as outlined in the Nigeria Civil Aviation Regulations (NCAR). Fundamentally, this series of stakeholder engagements and public awareness programmes aim to set a roadmap for achieving a more efficient civil aviation and air transportation system in Nigeria. The dialogue will involve critical stakeholders and key actors in the country’s civil aviation and air transportation value chains. READ MORE FROM: NIGERIAN TRIBUNE Get real-time news updates from Tribune Online! Follow us on WhatsApp for breaking news, exclusive stories and interviews, and much more. Join our WhatsApp Channel nowHow to Watch Top 25 Women’s College Basketball Games – Sunday, December 1
Wheel of Fortune contestants regularly whiff their bonus puzzles, but the winner of Monday, December 2’s episode was in for a particularly heartbreaking spin. Her additional letter choices added ZERO letters to a tricky puzzle, which was even more shocking since she had the advantage of a Wild Card wedge. The tough break involved Kelsey Sowders, a mom of three and steak/wine savant from Tomball, Texas. After an astounding performance, she proceeded to the coveted bonus round, having racked up $40,398 in cash, a prize trip to Japan, and the elusive Wild Card. This meant she got to pick five additional letters instead of four, which often spells success. Selecting “What are You Doing?” as her category, with the off-side support of her eldest son Grant and husband, Sowders joined Ryan Seacrest center stage. She landed on the star portion of the wheel, and the host assured, “Perhaps it’s good luck.” “I hope so,” Sowders said. The two-word puzzle read as “_EE_N_’ ‘_ _ S_,’ and she chose an additional “MFDA,” and H.” However, Vanna White didn’t move an inch as the letter choices were useless, making the puzzle very difficult. “Oh no!” Sowders exclaimed in disappointment. She went through the five stages of grief, staring in disbelief, blowing a raspberry in frustration, and recollecting herself. Seacrest wished her the best, “You’re doing great so far tonight.” But the cruel twist of fate left Sowder unable to solve the puzzle under the 10-second timer, which ended up being “KEEPING BUSY.” She was close, even able to get the first word, but nowhere near the second. “Oh no!” Sowders exclaimed once more as the full puzzle was displayed. Then, cutting back to the contestant and Seacrest, the second dagger came. The host revealed from his prize card contained $75,000 and she hid her face from it. “I don’t want to see that,” she said as Seacrest winced at the camera. “Don’t worry,” the host told her as she emotionally recovered and told him, “That’s okay.” The game show shared the big miss on YouTube, where fans expressed their shock and empathized with the player’s reaction. “That was a tough one. I didn’t get it either. Props to her for getting the first word right, but that second word was tricky as hell. I’m glad she’s not walking away empty-handed, though. She still won up until that point and nobody can take that from her,” one fan wrote. “Impossible without the right letter choices. Been a few of those this season,” wrote another. “If she would have won, she would have won over $100,000 cash without actually landing on the envelope! That’s really disappointing. Also, the fact that she had 5 letters but didn’t get a single one?! Should I be disappointed or impressed?” asked a third. “Ouch!” wrote a fourth. “You don’t see $75,000 all that often!” Meanwhile , Seacrest had huge shoes to fill replacing the legendary Pat Sajak after four decades for Season 42. His debut month was the strongest ratings month for WoF in the past three years, and viewers were already treated to a viral moment (via a round of sausage) . That said, there have been some questionable host moments according to fans. In September, Seacrest suffered what fans dubbed his “first blooper” , involving a delayed reaction to rewarding a bonus round. Fans also called out the host for ruling against another player before the timer was up. Most controversially, fans recently called out the host for not reminding a player to pick a letter , leading to him losing the game in a misunderstanding and by a mere $147. Another puzzling pattern has emerged, which is that no player has won the bonus round in a full week , many fans blaming the players, not the host. As for Sowders, another contestant recently botched their bonus puzzle in a similar way after choosing poor letters, but in that instance, they didn’t have the boost of the Wild Card wedge. Wheel of Fortune , Weeknights, Check your local listings More Headlines:Happy Friday, folks! Welcome back to Layup Lines. Thanks so much for joining me today. I hope you've had an excellent week and have a great weekend ahead of you. Well, folks. We've done it. Or, actually, excuse me — done it. The NBA All-Star game has officially jumped the shark. It's not even the All-Star game anymore. It'll actually be the All-Star games. According , the NBA has decided to turn the game into a quick flash pickup game format. There will be a four-team tournament between the All-Stars with two semifinal games between teams and then a final game to win the All-Star "tournament," which seems to be what they're calling it. There are more details about the format, but if I'm being honest, I don't care. I don't like this. Everything about it feels forced. This doesn't feel right, you know? This isn't how the All-Star game is supposed to go. It's not what it's supposed to look like. The NBA All-Star game means something. Or, at least, it was supposed to. It's supposed to be a celebration of the game and its top talents. However, with the players barely trying, the game has become a shell of itself in recent years. We've had moments of greatness. But, more often than not, we're getting , half-hearted shot contests and half-court 3-point bombs. It's not fun anymore. It doesn't feel special. No matter how many solutions , it doesn't mean anything if the players aren't trying. That's how we ended up here. That's why the NBA has turned the league's biggest stage into a glorified pickup game. As much as I hate it, I can't blame the league for it. The players have pushed things this far. They know it's bad. The league's There's no real workaround — the players just have to play harder. But they won't. It's just not going to happen. There's too much money involved to risk injury and we've collectively devalued the regular season so much that it simply doesn't mean what it used to mean. It's a relic. A trophy. An accolade to simply throw on a resume. Here's my suggestion: Let's just treat it like that. The All-Stars selected should be All-Stars in name only. Stop playing the game. End the weekend. Just give the players a week off and see how that goes. The All-Star game is important. But if players can't be interested enough in the game to celebrate and compete, so be it. Let's not make them. Is that a boring solution? Extremely. But it's also far less embarrassing than trying to tweak a game repeatedly to continue getting the same result. Absence makes the heart grow fonder. Maybe once the game is gone for a few years, it'll come back and a new generation of talent will be ready to make it mean something again. Until then, can we please stop messing around? Bryan Kalbrosky hit me up earlier this week to ask if I thought Franz Wagner was an All-NBA player so far this season. I kind of scoffed at the idea. Obviously, Franz is in incredible player. But is he one of the best 15 players in the league today? I found that kind of hard to believe. Then, he did this. Going toe-to-toe with LeBron James to put up a 37-point, 11-assist double-double hitting a game-winner on the road against the Lakers? Yeah, man. I don't know if he's a top 15 guy. But I'd be silly to say he's not at least in the conversation at this point. He's averaged 25.4 points per game since Paolo Banchero went down on Halloween. According to HoopsHype's global rating rankings, Wagner is the 10th best player in the world early on this season and the under 26 years old. Simply put, he's got the juice. So, yeah, Bryan. I think you're onto something here. — Guys, Kendrick Lamar dropped an album! Bryan There are lots of NBA joints in here. — It's hilarious how . Robert Zeglinski has more. — If you missed Prince Grimes' last Layup Lines column, he made — It's insane how good That's a wrap, folks. Thanks so much for reading. Have a fantastic weekend. Peace. -Sykes ✌️
Dennis Corslake, from Mullion, joined Garador, a garage door manufacturer, in 1985. He wanted to reconnect with former colleagues who had regularly met at the company's head office in Yeovil and formed close friendships over the years. Mr Corslake said: "I joined Garador in 1985 and knew some of my ex-work colleagues all my working life. READ MORE: Waterfront village pub in Cornwall won't move Christmas tree Reunion held at Garador's Yeovil office (Image: Garador) "Now retired, we all live in very different parts of the country, but I heard that one of our former colleagues hadn't been very well, and I thought it was time we all renewed our friendships and had a get together." The company supported Mr Corslake's idea and organised a reunion lunch, bringing people together from across the UK. Mr Corslake said: "It was wonderful to have this chance to get together again, re-renew our friendships and to chat about the good old days. "Garador has always been a fantastic and caring company; they once helped me transfer up to Nottingham because my daughters were living there at the time and I wanted to be near them." He added: "For the reunion, they organised a lovely lunch for us and then took us on a full factory tour so that we could see the changes that have taken place since our day." The managing director of Garador, Jon Watson said he was pleased that the event was a success. Mr Watson said: "Garador is sometimes described as one big happy family, and certainly that was the atmosphere at this luncheon. "Our manufacturing processes and indeed our doors have changed dramatically since the days when most of them started, but clearly the friendships have stayed the same and that was lovely to see." Garador, recognised as Britain's leading garage door manufacturer, has a history dating back to the late 1940s. The company now operates from a state-of-the-art factory complex just outside Yeovil in Somerset and supplies the latest in garage doors and garage door technology to merchants, builders and developers right across the country. The reunion gave the former area sales managers a chance to see the changes that have occurred over the years at the company.China launches new compact radiation detection chip for semiconductor self-reliance
