BRASILIA, Brazil (AP) — Supermarket giant Carrefour’s support for French farmers’ protests against a trade agreement between the European Union and the South American bloc Mercosur has sparked a strong reaction in Brazil, including a refusal to supply beef to Carrefour stores in Brazil. Carrefour CEO Alexandre Bompard announced in social media posts last week that the French company would stop buying beef from all Mercosur countries, which also include Argentina, Paraguay and Uruguay. Bompard wrote that he agrees with French producers' arguments that Mercosur beef is an unfair competitor due to lower production costs resulting from fewer environmental and sanitary requirements. The executive encouraged other retailers to follow suit. Brazil's Ministry of Agriculture called Bompard's move protectionist, saying it was made “without any technical criteria.” The decision also angered Brazil's meatpackers. Though France makes up just a tiny sliver of Brazil’s beef exports, meatpackers worried that Carrefour’s decision would hurt its reputation in other markets. Beef giants JBS and Marfrig halted supplies last Friday to Carrefour's extensive supermarket chain in Brazil, including the food warehouse giant Atacadao. Both companies refused to comment on the boycott to The Associated Press, but Minister of Agriculture Carlos Fávaro confirmed it. “We support the reaction of the meatpackers. If Brazil ́s beef isn’t good enough for Carrefour’s shelves in France, it isn’t good enough for Carrefour’s shelves in Brazil either,” Faváro told Folha de S.Paulo newspaper on Monday. Carrefour Group in Brazil acknowledged the boycott in a statement, though it said there's not yet a shortage of beef in stores. It said it has “esteem and confidence in the Brazilian agricultural sector, with which it maintains a solid relationship and partnership.” “Unfortunately, the decision to suspend the meat supply has an impact on customers, especially those who rely on the company to supply their homes with quality and responsible products,” the statement said. “It is in constant dialogue in search of solutions that will make it possible to resume the supply of meat to its stores as quickly as possible, respecting the commitments it has to its more than 130,000 Brazilian employees and millions of Brazilian customers countrywide.” The backdrop for the conflict is the EU-Mercosur trade deal , which would increase agricultural imports to EU countries from South America. French farmers fear it will affect their livelihoods. An initial agreement was reached in 2019, but negotiations have faltered since then due to opposition that also includes some European governments. Brazil’s agribusiness sector also fears that the pending European Union Deforestation Regulation will outlaw the sale of forest-derived products within the EU’s 27-nation bloc if companies can’t prove their goods are not linked to deforestation. Its scope includes soy and cattle, Brazil’s top agricultural exports. Almost half of the country’s cattle is raised in the Amazon region, where 90% of deforested land since 1985 has turned into pasture, according to MapBiomas, a nonprofit network. The date of its implementation remains uncertain. The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org .euro sport betting 。

Titans S Julius Wood suspended 6 games for PEDsNoneFossil fuel and chemical lobbyists dominate global plastic treaty talks

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CHARLOTTE, N.C. , Dec. 2, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) announced the signing of a strategic agreement with Bombardier, a global leader in aviation and manufacturer of world-class business jets, to provide advanced technology for current and future Bombardier aircraft in avionics, propulsion and satellite communications technologies. The collaboration will advance new technology to enable a host of high-value upgrades for the installed Bombardier operator base, as well as lay innovative foundations for future aircraft. Honeywell estimates the value of this partnership to the company at $17 billion over its life. "This is a tremendous opportunity to co-innovate and advance next generation technologies, including Anthem avionics and engines," said Vimal Kapur , Chairman and CEO of Honeywell. "Growing our long-term collaborative relationship with Bombardier is directly connected to Honeywell's focus on compelling megatrends -- automation, the future of aviation, and energy transition." "This new partnership creates unprecedented opportunities for Bombardier," said Eric Martel , President and Chief Executive Officer of Bombardier. "Honeywell's differentiated technology is the key reason we decided to collaboratively build a bright future with them." Honeywell and Bombardier will collaborate on the development of Honeywell avionics to provide unparalleled adaptability to specific mission requirements, enabling exceptional situational awareness and enhanced safety. In addition, the collaboration's propulsion-based workstreams will focus on evolutions of power, reliability and maintainability, led by the next-generation model of Honeywell's HTF7K engine. "Working together, we will generate significant value for Bombardier's operator base by providing the latest technologies to enable safe and efficient flight," said Jim Currier , President and CEO of Honeywell Aerospace Technologies. "We are committed to investing in these key technologies with Bombardier, which will not only drive substantial growth for Honeywell, but lead the industry further into the future of aviation." As part of the partnership, Bombardier and Honeywell will work together to certify and offer JetWave X for the Bombardier Global and Challenger families of aircraft for both new production and aftermarket installations. Bombardier will also have access to Honeywell's full suite of next generation L-Band satellite communications products and antennas that will provide future safety services capabilities. Additionally, all legacy pending litigation between the companies has been resolved. Honeywell Updates 2024 Outlook While the commercial agreement impacts near-term Honeywell financials, the company is confident it will lead to long-term value creation for Honeywell shareowners. Given the required investments associated with this agreement, Honeywell has updated its full-year sales, segment margin 2 , adjusted earnings per share 2,3 , and free cash flow guidance 1 . A summary is provided in the table below. TABLE 1: FULL-YEAR 2024 GUIDANCE Previous Guidance Impact of Agreement Updated Guidance Sales $38.6B - $38.8B ($0.4B) $38.2B - $38.4B Organic 1 Growth 3% - 4% ~(1%) ~2% Segment Margin 2 23.4% - 23.5% (0.8 %) 22.6% - 22.7% Expansion 2 Down 10 - Flat bps (80 bps) Down 90 - 80 bps Adjusted Earnings Per Share 2,3 $10.15 - $10.25 ($0.47) $9.68 - $9.78 Adjusted Earnings Growth 2,3 7% - 8% (5 %) 2% - 3% Operating Cash Flow $6.2B - $6.5B ($0.4B) $5.8B - $6.1B Free Cash Flow 1 $5.1B - $5.4B ($0.5B) $4.6B - $4.9B TABLE 2: FOURTH QUARTER 2024 GUIDANCE Previous Guidance Impact of Agreement Updated Guidance Sales $10.2B - $10.4B ($0.4B) $9.8B - $10.0B Organic 1 Growth 2% - 4% (4 %) (2%) - Flat Segment Margin 2 23.8% - 24.2% (2.9 %) 20.9% - 21.3% Expansion 2 Down 60 - 20 bps (290 bps) Down 350 - 310 bps Adjusted Earnings Per Share 2,3 $2.73 - $2.83 ($0.47) $2.26 - $2.36 Adjusted Earnings Growth 2,3 1% - 5% (17 %) (16%) - (12%) 1 See additional information at the end of this release regarding non-GAAP financial measures. 2 Segment margin and adjusted EPS are non-GAAP financial measures. Management cannot reliably predict or estimate, without unreasonable effort, the impact and timing on future operating results arising from certain items excluded from segment margin or adjusted EPS. We therefore, do not present a guidance range, or a reconciliation to, the nearest GAAP financial measures of operating margin or EPS. 3 Adjusted EPS and adjusted EPS V% guidance excludes items identified in the non-GAAP reconciliation of adjusted EPS at the end of this release, including the impact of amortization expense for acquisition-related intangible assets and other acquisition-related costs, and any potential future items that we cannot reliably predict or estimate such as pension mark-to-market. Bombardier, Global and Challenger are trademarks of Bombardier Inc. or its subsidiaries. Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends - automation, the future of aviation, and energy transition - underpinned by our Honeywell Accelerator operating system and Honeywell Connected Enterprise integrated software platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations that help make the world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom . Honeywell uses our Investor Relations website, www.honeywell.com/investor , as a means of disclosing information which may be of interest or material to our investors and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our Investor Relations website, in addition to following our press releases, SEC filings, public conference calls, webcasts, and social media. We describe many of the trends and other factors that drive our business and future results in this release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes, or anticipates will or may occur in the future and include statements related to the proposed spin-off of the Company's Advanced Materials business into a stand-alone, publicly traded company. They are based on management's assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments, and other relevant factors, many of which are difficult to predict and outside of our control. They are not guarantees of future performance, and actual results, developments, and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties, including ongoing macroeconomic and geopolitical risks, such as lower GDP growth or recession, supply chain disruptions, capital markets volatility, inflation, and certain regional conflicts, that can affect our performance in both the near- and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this release can or will be achieved. These forward-looking statements should be considered in light of the information included in this release, our Form 10-K, and our other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time. This release contains financial measures presented on a non-GAAP basis. Honeywell's non-GAAP financial measures used in this release are as follows: Management believes that, when considered together with reported amounts, these measures are useful to investors and management in understanding our ongoing operations and in the analysis of ongoing operating trends. These measures should be considered in addition to, and not as replacements for, the most comparable GAAP measure. Certain measures presented on a non-GAAP basis represent the impact of adjusting items net of tax. The tax-effect for adjusting items is determined individually and on a case-by-case basis. Refer to the Appendix attached to this release for reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures. Appendix Non-GAAP Financial Measures The following information provides definitions and reconciliations of certain non-GAAP financial measures presented in this press release to which this reconciliation is attached to the most directly comparable financial measures calculated and presented in accordance with generally accepted accounting principles (GAAP). Management believes that, when considered together with reported amounts, these measures are useful to investors and management in understanding our ongoing operations and in the analysis of ongoing operating trends. Management believes the change to adjust for amortization of acquisition-related intangibles and certain acquisition- and divestiture-related costs provides investors with a more meaningful measure of its performance period to period, aligns the measure to how management will evaluate performance internally, and makes it easier for investors to compare our performance to peers. These measures should be considered in addition to, and not as replacements for, the most comparable GAAP measure. Certain measures presented on a non-GAAP basis represent the impact of adjusting items net of tax. The tax-effect for adjusting items is determined individually and on a case-by-case basis. Other companies may calculate these non-GAAP measures differently, limiting the usefulness of these measures for comparative purposes. Management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitations of these non-GAAP financial measures are that they exclude significant expenses and income that are required by GAAP to be recognized in the consolidated financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management about which expenses and income are excluded or included in determining these non-GAAP financial measures. Investors are urged to review the reconciliation of the non-GAAP financial measures to the comparable GAAP financial measures and not to rely on any single financial measure to evaluate Honeywell's business. Honeywell International Inc. Definition of Organic Sales Percent Change We define organic sales percentage as the year-over-year change in reported sales relative to the comparable period, excluding the impact on sales from foreign currency translation and acquisitions, net of divestitures, for the first 12 months following the transaction date. We believe this measure is useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends. A quantitative reconciliation of reported sales percent change to organic sales percent change has not been provided for forward-looking measures of organic sales percent change because management cannot reliably predict or estimate, without unreasonable effort, the fluctuations in global currency markets that impact foreign currency translation, nor is it reasonable for management to predict the timing, occurrence and impact of acquisition and divestiture transactions, all of which could significantly impact our reported sales percent change. Honeywell International Inc. Reconciliation of Operating Income to Segment Profit, Calculation of Operating Income and Segment Profit Margins (Unaudited) (Dollars in millions) Three Months Ended December 31, Twelve Months Ended December 31, 2023 2023 Operating income $ 1,583 $ 7,084 Stock compensation expense 1 54 202 Repositioning, Other 2,3 569 952 Pension and other postretirement service costs 3 17 66 Amortization of acquisition-related intangibles 76 292 Acquisition-related costs 4 1 2 Segment profit $ 2,300 $ 8,598 Operating income $ 1,583 $ 7,084 ÷ Net sales $ 9,440 $ 36,662 Operating income margin % 16.8 % 19.3 % Segment profit $ 2,300 $ 8,598 ÷ Net sales $ 9,440 $ 36,662 Segment profit margin % 24.4 % 23.5 % 1 Included in Selling, general and administrative expenses. 2 Includes repositioning, asbestos, environmental expenses, equity income adjustment, and other charges. 3 Included in Cost of products and services sold and Selling, general and administrative expenses. 4 Includes acquisition-related fair value adjustments to inventory. We define operating income as net sales less total cost of products and services sold, research and development expenses, impairment of assets held for sale, and selling, general and administrative expenses. We define segment profit, on an overall Honeywell basis, as operating income, excluding stock compensation expense, pension and other postretirement service costs, amortization of acquisition-related intangibles, certain acquisition- and divestiture-related costs and impairments, and repositioning and other charges. We define segment profit margin, on an overall Honeywell basis, as segment profit divided by net sales. We believe these measures are useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends. A quantitative reconciliation of operating income to segment profit, on an overall Honeywell basis, has not been provided for all forward-looking measures of segment profit and segment profit margin included herein. Management cannot reliably predict or estimate, without unreasonable effort, the impact and timing on future operating results arising from items excluded from segment profit, particularly pension mark-to-market expense as it is dependent on macroeconomic factors, such as interest rates and the return generated on invested pension plan assets. The information that is unavailable to provide a quantitative reconciliation could have a significant impact on our reported financial results. To the extent quantitative information becomes available without unreasonable effort in the future, and closer to the period to which the forward-looking measures pertain, a reconciliation of operating income to segment profit will be included within future filings. Acquisition amortization and acquisition- and divestiture-related costs are significantly impacted by the timing, size, and number of acquisitions or divestitures we complete and are not on a predictable cycle, and we make no comment as to when or whether any future acquisitions or divestitures may occur. We believe excluding these costs provides investors with a more meaningful comparison of operating performance over time and with both acquisitive and other peer companies. Honeywell International Inc. Reconciliation of Earnings per Share to Adjusted Earnings per Share (Unaudited) Three Months Ended December 31, Twelve Months Ended December 31, 2023 2024(E) 2023 2024(E) Earnings per share of common stock - diluted 1 $ 1.91 $2.03 - $2.13 $ 8.47 $8.76 - $8.86 Pension mark-to-market expense 2 0.19 No Forecast 0.19 No Forecast Amortization of acquisition-related intangibles 3 0.09 0.17 0.35 0.50 Acquisition-related costs 4 — 0.02 0.01 0.10 Divestiture-related costs 5 — 0.04 — 0.04 Russian-related charges 6 — — — 0.03 Net expense related to the NARCO Buyout and HWI Sale 7 — — 0.01 — Adjustment to estimated future Bendix liability 8 0.49 — 0.49 — Indefinite-lived intangible asset impairment 9 — — — 0.06 Impairment of assets held for sale 10 — — — 0.19 Adjusted earnings per share of common stock - diluted $ 2.69 $2.26 - $2.36 $ 9.52 $9.68 - $9.78 1 For the three months ended December 31, 2023, adjusted earnings per share utilizes weighted average shares of approximately 660.9 million. For the twelve months ended December 31, 2023, adjusted earnings per share utilizes weighted average shares of approximately 668.2 million. For the three and twelve months ended December 31, 2024, expected earnings per share utilizes weighted average shares of approximately 653 million and 655 million, respectively. 2 Pension mark-to-market expense uses a blended tax rate of 18%, net of tax benefit of $27 million, for 2023. 3 For the three and twelve months ended December 31, 2023, acquisition-related intangibles amortization includes $62 million and $231 million, net of tax benefit of approximately $14 million and $61 million, respectively. For the three and twelve months ended December 31, 2024, expected acquisition-related intangibles amortization includes approximately $110 million and $330 million, net of tax benefit of approximately $30 million and $85 million, respectively. 4 For the three and twelve months ended December 31, 2023, the adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs and acquisition-related fair value adjustments to inventory, is approximately $2 million and $7 million, net of tax benefit of approximately $0 million and $2 million, respectively. For the three and twelve months ended December 31, 2024, the expected adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs and acquisition-related fair value adjustments to inventory, is approximately $20 million and $65 million, net of tax benefit of approximately $5 million and $15 million, respectively. 5 For the three and twelve months ended December 31, 2024, the expected adjustment for divestiture-related costs, which is principally comprised of third-party transaction costs, is approximately $25 million, net of tax benefit of approximately $5 million. 6 For the three and twelve months ended December 31, 2023, the adjustments were a benefit of $2 million and $3 million, without tax expense, respectively. For the twelve months ended December 31, 2024, the expected adjustment is a $17 million expense, without tax benefit, due to the settlement of a contractual dispute with a Russian entity associated with the Company's suspension and wind down activities in Russia. 7 For the the twelve months ended December 31, 2023, the adjustment was $8 million, net of tax benefit of $3 million, due to the net expense related to the NARCO Buyout and HWI Sale. 8 Bendix Friction Materials ("Bendix") is a business no longer owned by the Company. In 2023, the Company changed its valuation methodology for calculating legacy Bendix liabilities. For the three and twelve months ended December 31, 2023, the adjustment was $330 million, net of tax benefit of $104 million, (or $434 million pre-tax) due to a change in the estimated liability for resolution of asserted (claims filed as of the financial statement date) and unasserted Bendix-related asbestos claims. The Company experienced fluctuations in average resolution values year-over-year in each of the past five years with no well-established trends in either direction. In 2023, the Company observed two consecutive years of increasing average resolution values (2023 and 2022), with more volatility in the earlier years of the five-year period (2019 through 2021). Based on these observations, the Company, during its annual review in the fourth quarter of 2023, reevaluated its valuation methodology and elected to give more weight to the two most recent years by shortening the look-back period from five years to two years (2023 and 2022). The Company believes that the average resolution values in the last two consecutive years are likely more representative of expected resolution values in future periods. The $434 million pre-tax amount was attributable primarily to shortening the look-back period to the two most recent years, and to a lesser extent to increasing expected resolution values for a subset of asserted claims to adjust for higher claim values in that subset than in the modelled two-year data set. It is not possible to predict whether such resolution values will increase, decrease, or stabilize in the future, given recent litigation trends within the tort system and the inherent uncertainty in predicting the outcome of such trends. The Company will continue to monitor Bendix claim resolution values and other trends within the tort system to assess the appropriate look-back period for determining average resolution values going forward. 9 For the twelve months ended December 31, 2024, the expected impairment charge of indefinite-lived intangible assets associated with the personal protective equipment business is $37 million, net of tax benefit of $11 million. 10 For the twelve months ended December 31, 2024, the expected impairment charge of assets held for sale is $125 million, with no tax benefit. Note: Amounts may not foot due to rounding. We define adjusted earnings per share as diluted earnings per share adjusted to exclude various charges as listed above. We believe adjusted earnings per share is a measure that is useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends. For forward-looking information, management cannot reliably predict or estimate, without unreasonable effort, the pension mark-to-market expense as it is dependent on macroeconomic factors, such as interest rates and the return generated on invested pension plan assets. We therefore do not include an estimate for the pension mark-to-market expense. Based on economic and industry conditions, future developments, and other relevant factors, these assumptions are subject to change. Acquisition amortization and acquisition- and divestiture-related costs are significantly impacted by the timing, size, and number of acquisitions or divestitures we complete and are not on a predictable cycle and we make no comment as to when or whether any future acquisitions or divestitures may occur. We believe excluding these costs provides investors with a more meaningful comparison of operating performance over time and with both acquisitive and other peer companies. Honeywell International Inc. Reconciliation of Expected Cash Provided by Operating Activities to Expected Free Cash Flow (Unaudited) Twelve Months Ended December 31, 2024(E) ($B) Cash provided by operating activities ~$5.8 - $6.1 Capital expenditures ~(1.2) Free cash flow ~$4.6 - $4.9 We define free cash flow as cash provided by operating activities less cash for capital expenditures. We believe that free cash flow is a non-GAAP measure that is useful to investors and management as a measure of cash generated by operations that will be used to repay scheduled debt maturities and can be used to invest in future growth through new business development activities or acquisitions, pay dividends, repurchase stock, or repay debt obligations prior to their maturities. This measure can also be used to evaluate our ability to generate cash flow from operations and the impact that this cash flow has on our liquidity. Contacts: Media Investor Relations Stacey Jones Sean Meakim (980) 378-6258 (704) 627-6200 stacey.jones@honeywell.com sean.meakim@honeywell.com View original content to download multimedia: https://www.prnewswire.com/news-releases/honeywell-and-bombardier-sign-landmark-agreement-to-deliver-the-next-generation-of-aviation-technology-honeywell-updates-2024-outlook-302320054.html SOURCE Honeywell

Arsenal boss Mikel Arteta has explained why star Gabriel Magalhaes had to be substituted at half-time in Saturday's swashbuckling 5-2 win against West Ham . In-form centre-back Gabriel opened the scoring for the Gunners with just 10 minutes on the clock, heading home a Bukayo Saka corner to notch his second goal in as many games. Arsenal scored four more while West Ham pulled two back in a chaotic first half, but Gabriel didn't remerge for the second period. The Brazilian was replaced by Jakub Kiwior, who helped see out the Gunners' fourth win by a margin of three or more goals in the space of eight days. Post-match, Arteta was asked about Gabriel's condition and revealed that he'd suffered a reoccurrence of an injury picked up against Sporting Lisbon on Tuesday. "It was related to the previous injury that he had in Lisbon," the Arsenal boss told reporters. "Obviously he did great to be part of that but with that result and with the niggle that he's feeling, we decided to take him off." Arteta was also asked about star man Saka as well as Riccardo Calafiori, who were both taken off in the second half. "He's fine. He's fine. No problem," the Arsenal boss said of Saka, who scored one goal and registered three assists. "Ricci, he's been with little niggles in the last few weeks. "Obviously he had a very serious knee injury and he's doing really well, but we have to manage his minutes and today we have to do the same." On the overall performance, Arteta hailed: "It was a spectacular 30 minutes. Straight away, how much the team wanted it, the purpose, the determination, the quality that we deliver, to score three great goals in different ways and then score the fourth one in a great way as well. Will Arsenal continue their hot streak against Manchester United? Have your say in the comments section . "But then after that, we had a period where the individual quality of them play a big part. 4-2, and then it's game on, you can sense the energy change and then what's next. I think it’s great to score the fifth one because that calmed everything down. For the second half, we could play a very different game, that it was much more suited to us." He was also greatly pleased with the substitutes who replaced Gabriel, Saka and Calafiori. "Very important, we had an issue with Gabi, we have an issue with Ricky as well, yesterday we lost Thomas [Partey] and Mikel [Merino] and Myles [Lewis-Skelly] which was very bad news but what I'm really happy about is Jakub has to come in, he does really well," Artet added. " Alex [Zinchenko] the same, Jorginho , I thought he was exceptional today as well. That's the level, every three days we're going to need everybody at their best and it’s a good sign that the team can do that." Join our new WhatsApp community and receive your daily dose of Mirror Football content. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. If you're curious, you can read our Privacy Notice. Sky has slashed the price of its Sky Sports, Sky Stream, Sky TV and Netflix bundle in an unbeatable new deal that saves £240 and includes 1,400 live matches across the Premier League, EFL and more.Buy this ASX 200 gold share trading 'at a significant discount to peers'

HONG KONG (AFP) – South Korean stocks tumbled yesterday as the country was racked with political uncertainty after President Yoon Suk Yeol escaped impeachment following his brief imposition of martial law last week. The retreat came on a tough day for Asian markets despite another record on Wall Street, while traders were also awaiting a high-level economic meeting in China and keeping tabs on Syria after president Bashar al-Assad’s removal. Investors in Seoul were on edge after a near-total boycott of Saturday’s impeachment vote by Yoon’s People Power Party (PPP) doomed it to failure. However, the main opposition party said on Sunday it would try again, while police arrested the defence minister in charge of the martial law operation and the interior minister resigned. They and Yoon are being investigated for alleged insurrection. The president was also hit yesterday with a travel ban. People walk in front of an electronic stock board at a securities firm in Tokyo, Japan. PHOTO: AP France President Emmanuel Macron. PHOTO: AFP The crisis has fuelled concerns about Asia’s number four economy, which was already struggling and faces further pain as Donald Trump heads back to the White House threatening to resume his hardball trade policy. Michael Wan at MUFG said the hit to the country’s markets “may include slower tourism inflows, weaker domestic demand, and a dent to corporate sentiment, especially if street protests become more vociferous and the Budget passage remains in stalemate”. “South Korea was already one of the more vulnerable forex markets in Asia to Trump 2.0’s policies, and the political uncertainty also comes at a juncture just when leadership is needed to navigate these significant global policy shifts.” The won was trading at around 1,437 per dollar yesterday, compared with 1,413 on Friday. Shanghai and Hong Kong stocks dipped as top Chinese officials prepare to hold a two-day economic work conference this week to outline their targets and stimulus plans for next year. The gathering comes as Beijing prepares for Trump’s second presidency. Data released yesterday showed Chinese consumer prices rose less than expected last month, reinforcing the need for more support following a raft of measures at the end of September. “Hopes are for a clear commitment to support the economic recovery and close the shortfall in domestic demand. Growth and deficit targets are likely to be discussed,” said analysts at National Australia Bank. Elsewhere in Asia, Tokyo, Taipei and Jakarta rose while Manila, Bangkok, Wellington and Singapore fell. Mumbai and Sydney were flat. Traders had been given a healthy lead from Wall Street, where the S&P 500 and Nasdaq both ended at record highs after figures showed the US economy added more jobs than forecast last month. Focus is now on the Federal Reserve’s policy meeting next week when it is tipped to cut interest rates again. Developments in Syria are also being tracked after Assad’s fall at the weekend as rebels swept into Damascus, triggering celebrations across the country and beyond. The government fell 11 days after the rebels began a surprise advance, more than 13 years after Assad’s crackdown on anti-government protests ignited Syria’s civil war. The euro remained on the back foot but slightly stronger than last week when it took a hit after France’s new government fell after a no-confidence vote, while the European Central Bank is expected to lower borrowing costs this week. President Emmanuel Macron, who had faced calls to step down, lifted sentiment when he said would serve out his term and that a budget could be passed in the coming weeks. Macron held talks with French political leaders on the left and right on Friday as he sought to quickly name a new prime minister after Michel Barnier’s ouster over his 2025 budget plan.When mushrooms meet brown butter: 5-ingredient egg noodles that steal the show

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Coastal Carolina 73, SC-Upstate 51Agreement includes collaborative research and development centered on Honeywell Anthem avionics, selection of more powerful engines, and next-generation satellite communications technologies for Bombardier aircraft Aftermarket offerings and new technologies provide Honeywell revenue potential of up to $17 billion over life of agreement All legacy pending litigation between the companies has been resolved CHARLOTTE, N.C. , Dec. 2, 2024 /PRNewswire/ -- Honeywell HON announced the signing of a strategic agreement with Bombardier, a global leader in aviation and manufacturer of world-class business jets, to provide advanced technology for current and future Bombardier aircraft in avionics, propulsion and satellite communications technologies. The collaboration will advance new technology to enable a host of high-value upgrades for the installed Bombardier operator base, as well as lay innovative foundations for future aircraft. Honeywell estimates the value of this partnership to the company at $17 billion over its life. "This is a tremendous opportunity to co-innovate and advance next generation technologies, including Anthem avionics and engines," said Vimal Kapur , Chairman and CEO of Honeywell. "Growing our long-term collaborative relationship with Bombardier is directly connected to Honeywell's focus on compelling megatrends -- automation, the future of aviation, and energy transition." "This new partnership creates unprecedented opportunities for Bombardier," said Eric Martel , President and Chief Executive Officer of Bombardier. "Honeywell's differentiated technology is the key reason we decided to collaboratively build a bright future with them." Honeywell and Bombardier will collaborate on the development of Honeywell avionics to provide unparalleled adaptability to specific mission requirements, enabling exceptional situational awareness and enhanced safety. In addition, the collaboration's propulsion-based workstreams will focus on evolutions of power, reliability and maintainability, led by the next-generation model of Honeywell's HTF7K engine. "Working together, we will generate significant value for Bombardier's operator base by providing the latest technologies to enable safe and efficient flight," said Jim Currier , President and CEO of Honeywell Aerospace Technologies. "We are committed to investing in these key technologies with Bombardier, which will not only drive substantial growth for Honeywell, but lead the industry further into the future of aviation." As part of the partnership, Bombardier and Honeywell will work together to certify and offer JetWave X for the Bombardier Global and Challenger families of aircraft for both new production and aftermarket installations. Bombardier will also have access to Honeywell's full suite of next generation L-Band satellite communications products and antennas that will provide future safety services capabilities. Additionally, all legacy pending litigation between the companies has been resolved. Honeywell Updates 2024 Outlook While the commercial agreement impacts near-term Honeywell financials, the company is confident it will lead to long-term value creation for Honeywell shareowners. Given the required investments associated with this agreement, Honeywell has updated its full-year sales, segment margin 2 , adjusted earnings per share 2,3 , and free cash flow guidance 1 . A summary is provided in the table below. TABLE 1: FULL-YEAR 2024 GUIDANCE Previous Guidance Impact of Agreement Updated Guidance Sales $38.6B - $38.8B ($0.4B) $38.2B - $38.4B Organic 1 Growth 3% - 4% ~(1%) ~2% Segment Margin 2 23.4% - 23.5% (0.8 %) 22.6% - 22.7% Expansion 2 Down 10 - Flat bps (80 bps) Down 90 - 80 bps Adjusted Earnings Per Share 2,3 $10.15 - $10.25 ($0.47) $9.68 - $9.78 Adjusted Earnings Growth 2,3 7% - 8% (5 %) 2% - 3% Operating Cash Flow $6.2B - $6.5B ($0.4B) $5.8B - $6.1B Free Cash Flow 1 $5.1B - $5.4B ($0.5B) $4.6B - $4.9B TABLE 2: FOURTH QUARTER 2024 GUIDANCE Previous Guidance Impact of Agreement Updated Guidance Sales $10.2B - $10.4B ($0.4B) $9.8B - $10.0B Organic 1 Growth 2% - 4% (4 %) (2%) - Flat Segment Margin 2 23.8% - 24.2% (2.9 %) 20.9% - 21.3% Expansion 2 Down 60 - 20 bps (290 bps) Down 350 - 310 bps Adjusted Earnings Per Share 2,3 $2.73 - $2.83 ($0.47) $2.26 - $2.36 Adjusted Earnings Growth 2,3 1% - 5% (17 %) (16%) - (12%) 1 See additional information at the end of this release regarding non-GAAP financial measures. 2 Segment margin and adjusted EPS are non-GAAP financial measures. Management cannot reliably predict or estimate, without unreasonable effort, the impact and timing on future operating results arising from certain items excluded from segment margin or adjusted EPS. We therefore, do not present a guidance range, or a reconciliation to, the nearest GAAP financial measures of operating margin or EPS. 3 Adjusted EPS and adjusted EPS V% guidance excludes items identified in the non-GAAP reconciliation of adjusted EPS at the end of this release, including the impact of amortization expense for acquisition-related intangible assets and other acquisition-related costs, and any potential future items that we cannot reliably predict or estimate such as pension mark-to-market. Bombardier, Global and Challenger are trademarks of Bombardier Inc. or its subsidiaries. Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends - automation, the future of aviation, and energy transition - underpinned by our Honeywell Accelerator operating system and Honeywell Connected Enterprise integrated software platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations that help make the world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom . Honeywell uses our Investor Relations website, www.honeywell.com/investor , as a means of disclosing information which may be of interest or material to our investors and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our Investor Relations website, in addition to following our press releases, SEC filings, public conference calls, webcasts, and social media. We describe many of the trends and other factors that drive our business and future results in this release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes, or anticipates will or may occur in the future and include statements related to the proposed spin-off of the Company's Advanced Materials business into a stand-alone, publicly traded company. They are based on management's assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments, and other relevant factors, many of which are difficult to predict and outside of our control. They are not guarantees of future performance, and actual results, developments, and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties, including ongoing macroeconomic and geopolitical risks, such as lower GDP growth or recession, supply chain disruptions, capital markets volatility, inflation, and certain regional conflicts, that can affect our performance in both the near- and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this release can or will be achieved. These forward-looking statements should be considered in light of the information included in this release, our Form 10-K, and our other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time. This release contains financial measures presented on a non-GAAP basis. Honeywell's non-GAAP financial measures used in this release are as follows: Segment profit, on an overall Honeywell basis; Segment profit margin, on an overall Honeywell basis; Organic sales growth; Free cash flow; and Adjusted earnings per share. Management believes that, when considered together with reported amounts, these measures are useful to investors and management in understanding our ongoing operations and in the analysis of ongoing operating trends. These measures should be considered in addition to, and not as replacements for, the most comparable GAAP measure. Certain measures presented on a non-GAAP basis represent the impact of adjusting items net of tax. The tax-effect for adjusting items is determined individually and on a case-by-case basis. Refer to the Appendix attached to this release for reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures. Appendix Non-GAAP Financial Measures The following information provides definitions and reconciliations of certain non-GAAP financial measures presented in this press release to which this reconciliation is attached to the most directly comparable financial measures calculated and presented in accordance with generally accepted accounting principles (GAAP). Management believes that, when considered together with reported amounts, these measures are useful to investors and management in understanding our ongoing operations and in the analysis of ongoing operating trends. Management believes the change to adjust for amortization of acquisition-related intangibles and certain acquisition- and divestiture-related costs provides investors with a more meaningful measure of its performance period to period, aligns the measure to how management will evaluate performance internally, and makes it easier for investors to compare our performance to peers. These measures should be considered in addition to, and not as replacements for, the most comparable GAAP measure. Certain measures presented on a non-GAAP basis represent the impact of adjusting items net of tax. The tax-effect for adjusting items is determined individually and on a case-by-case basis. Other companies may calculate these non-GAAP measures differently, limiting the usefulness of these measures for comparative purposes. Management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitations of these non-GAAP financial measures are that they exclude significant expenses and income that are required by GAAP to be recognized in the consolidated financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management about which expenses and income are excluded or included in determining these non-GAAP financial measures. Investors are urged to review the reconciliation of the non-GAAP financial measures to the comparable GAAP financial measures and not to rely on any single financial measure to evaluate Honeywell's business. Honeywell International Inc. Definition of Organic Sales Percent Change We define organic sales percentage as the year-over-year change in reported sales relative to the comparable period, excluding the impact on sales from foreign currency translation and acquisitions, net of divestitures, for the first 12 months following the transaction date. We believe this measure is useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends. A quantitative reconciliation of reported sales percent change to organic sales percent change has not been provided for forward-looking measures of organic sales percent change because management cannot reliably predict or estimate, without unreasonable effort, the fluctuations in global currency markets that impact foreign currency translation, nor is it reasonable for management to predict the timing, occurrence and impact of acquisition and divestiture transactions, all of which could significantly impact our reported sales percent change. Honeywell International Inc. Reconciliation of Operating Income to Segment Profit, Calculation of Operating Income and Segment Profit Margins (Unaudited) (Dollars in millions) Three Months Ended December 31, Twelve Months Ended December 31, 2023 2023 Operating income $ 1,583 $ 7,084 Stock compensation expense 1 54 202 Repositioning, Other 2,3 569 952 Pension and other postretirement service costs 3 17 66 Amortization of acquisition-related intangibles 76 292 Acquisition-related costs 4 1 2 Segment profit $ 2,300 $ 8,598 Operating income $ 1,583 $ 7,084 ÷ Net sales $ 9,440 $ 36,662 Operating income margin % 16.8 % 19.3 % Segment profit $ 2,300 $ 8,598 ÷ Net sales $ 9,440 $ 36,662 Segment profit margin % 24.4 % 23.5 % 1 Included in Selling, general and administrative expenses. 2 Includes repositioning, asbestos, environmental expenses, equity income adjustment, and other charges. 3 Included in Cost of products and services sold and Selling, general and administrative expenses. 4 Includes acquisition-related fair value adjustments to inventory. We define operating income as net sales less total cost of products and services sold, research and development expenses, impairment of assets held for sale, and selling, general and administrative expenses. We define segment profit, on an overall Honeywell basis, as operating income, excluding stock compensation expense, pension and other postretirement service costs, amortization of acquisition-related intangibles, certain acquisition- and divestiture-related costs and impairments, and repositioning and other charges. We define segment profit margin, on an overall Honeywell basis, as segment profit divided by net sales. We believe these measures are useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends. A quantitative reconciliation of operating income to segment profit, on an overall Honeywell basis, has not been provided for all forward-looking measures of segment profit and segment profit margin included herein. Management cannot reliably predict or estimate, without unreasonable effort, the impact and timing on future operating results arising from items excluded from segment profit, particularly pension mark-to-market expense as it is dependent on macroeconomic factors, such as interest rates and the return generated on invested pension plan assets. The information that is unavailable to provide a quantitative reconciliation could have a significant impact on our reported financial results. To the extent quantitative information becomes available without unreasonable effort in the future, and closer to the period to which the forward-looking measures pertain, a reconciliation of operating income to segment profit will be included within future filings. Acquisition amortization and acquisition- and divestiture-related costs are significantly impacted by the timing, size, and number of acquisitions or divestitures we complete and are not on a predictable cycle, and we make no comment as to when or whether any future acquisitions or divestitures may occur. We believe excluding these costs provides investors with a more meaningful comparison of operating performance over time and with both acquisitive and other peer companies. Honeywell International Inc. Reconciliation of Earnings per Share to Adjusted Earnings per Share (Unaudited) Three Months Ended December 31, Twelve Months Ended December 31, 2023 2024(E) 2023 2024(E) Earnings per share of common stock - diluted 1 $ 1.91 $2.03 - $2.13 $ 8.47 $8.76 - $8.86 Pension mark-to-market expense 2 0.19 No Forecast 0.19 No Forecast Amortization of acquisition-related intangibles 3 0.09 0.17 0.35 0.50 Acquisition-related costs 4 — 0.02 0.01 0.10 Divestiture-related costs 5 — 0.04 — 0.04 Russian-related charges 6 — — — 0.03 Net expense related to the NARCO Buyout and HWI Sale 7 — — 0.01 — Adjustment to estimated future Bendix liability 8 0.49 — 0.49 — Indefinite-lived intangible asset impairment 9 — — — 0.06 Impairment of assets held for sale 10 — — — 0.19 Adjusted earnings per share of common stock - diluted $ 2.69 $2.26 - $2.36 $ 9.52 $9.68 - $9.78 1 For the three months ended December 31, 2023, adjusted earnings per share utilizes weighted average shares of approximately 660.9 million. For the twelve months ended December 31, 2023, adjusted earnings per share utilizes weighted average shares of approximately 668.2 million. For the three and twelve months ended December 31, 2024, expected earnings per share utilizes weighted average shares of approximately 653 million and 655 million, respectively. 2 Pension mark-to-market expense uses a blended tax rate of 18%, net of tax benefit of $27 million, for 2023. 3 For the three and twelve months ended December 31, 2023, acquisition-related intangibles amortization includes $62 million and $231 million, net of tax benefit of approximately $14 million and $61 million, respectively. For the three and twelve months ended December 31, 2024, expected acquisition-related intangibles amortization includes approximately $110 million and $330 million, net of tax benefit of approximately $30 million and $85 million, respectively. 4 For the three and twelve months ended December 31, 2023, the adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs and acquisition-related fair value adjustments to inventory, is approximately $2 million and $7 million, net of tax benefit of approximately $0 million and $2 million, respectively. For the three and twelve months ended December 31, 2024, the expected adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs and acquisition-related fair value adjustments to inventory, is approximately $20 million and $65 million, net of tax benefit of approximately $5 million and $15 million, respectively. 5 For the three and twelve months ended December 31, 2024, the expected adjustment for divestiture-related costs, which is principally comprised of third-party transaction costs, is approximately $25 million, net of tax benefit of approximately $5 million. 6 For the three and twelve months ended December 31, 2023, the adjustments were a benefit of $2 million and $3 million, without tax expense, respectively. For the twelve months ended December 31, 2024, the expected adjustment is a $17 million expense, without tax benefit, due to the settlement of a contractual dispute with a Russian entity associated with the Company's suspension and wind down activities in Russia. 7 For the the twelve months ended December 31, 2023, the adjustment was $8 million, net of tax benefit of $3 million, due to the net expense related to the NARCO Buyout and HWI Sale. 8 Bendix Friction Materials ("Bendix") is a business no longer owned by the Company. In 2023, the Company changed its valuation methodology for calculating legacy Bendix liabilities. For the three and twelve months ended December 31, 2023, the adjustment was $330 million, net of tax benefit of $104 million, (or $434 million pre-tax) due to a change in the estimated liability for resolution of asserted (claims filed as of the financial statement date) and unasserted Bendix-related asbestos claims. The Company experienced fluctuations in average resolution values year-over-year in each of the past five years with no well-established trends in either direction. In 2023, the Company observed two consecutive years of increasing average resolution values (2023 and 2022), with more volatility in the earlier years of the five-year period (2019 through 2021). Based on these observations, the Company, during its annual review in the fourth quarter of 2023, reevaluated its valuation methodology and elected to give more weight to the two most recent years by shortening the look-back period from five years to two years (2023 and 2022). The Company believes that the average resolution values in the last two consecutive years are likely more representative of expected resolution values in future periods. The $434 million pre-tax amount was attributable primarily to shortening the look-back period to the two most recent years, and to a lesser extent to increasing expected resolution values for a subset of asserted claims to adjust for higher claim values in that subset than in the modelled two-year data set. It is not possible to predict whether such resolution values will increase, decrease, or stabilize in the future, given recent litigation trends within the tort system and the inherent uncertainty in predicting the outcome of such trends. The Company will continue to monitor Bendix claim resolution values and other trends within the tort system to assess the appropriate look-back period for determining average resolution values going forward. 9 For the twelve months ended December 31, 2024, the expected impairment charge of indefinite-lived intangible assets associated with the personal protective equipment business is $37 million, net of tax benefit of $11 million. 10 For the twelve months ended December 31, 2024, the expected impairment charge of assets held for sale is $125 million, with no tax benefit. Note: Amounts may not foot due to rounding. We define adjusted earnings per share as diluted earnings per share adjusted to exclude various charges as listed above. We believe adjusted earnings per share is a measure that is useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends. For forward-looking information, management cannot reliably predict or estimate, without unreasonable effort, the pension mark-to-market expense as it is dependent on macroeconomic factors, such as interest rates and the return generated on invested pension plan assets. We therefore do not include an estimate for the pension mark-to-market expense. Based on economic and industry conditions, future developments, and other relevant factors, these assumptions are subject to change. Acquisition amortization and acquisition- and divestiture-related costs are significantly impacted by the timing, size, and number of acquisitions or divestitures we complete and are not on a predictable cycle and we make no comment as to when or whether any future acquisitions or divestitures may occur. We believe excluding these costs provides investors with a more meaningful comparison of operating performance over time and with both acquisitive and other peer companies. Honeywell International Inc. Reconciliation of Expected Cash Provided by Operating Activities to Expected Free Cash Flow (Unaudited) Twelve Months Ended December 31, 2024(E) ($B) Cash provided by operating activities ~$5.8 - $6.1 Capital expenditures ~(1.2) Free cash flow ~$4.6 - $4.9 We define free cash flow as cash provided by operating activities less cash for capital expenditures. We believe that free cash flow is a non-GAAP measure that is useful to investors and management as a measure of cash generated by operations that will be used to repay scheduled debt maturities and can be used to invest in future growth through new business development activities or acquisitions, pay dividends, repurchase stock, or repay debt obligations prior to their maturities. This measure can also be used to evaluate our ability to generate cash flow from operations and the impact that this cash flow has on our liquidity. Contacts: Media Investor Relations Stacey Jones Sean Meakim (980) 378-6258 (704) 627-6200 stacey.jones@honeywell.com sean.meakim@honeywell.com View original content to download multimedia: https://www.prnewswire.com/news-releases/honeywell-and-bombardier-sign-landmark-agreement-to-deliver-the-next-generation-of-aviation-technology-honeywell-updates-2024-outlook-302320054.html SOURCE Honeywell © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.New Brunswick's child and youth advocate has delivered a mostly failing grade to the provincial government's work on recommendations in 2021 to address mental health issues among First Nations youth. In a report released Monday morning, Kelly Lamrock calls the government's efforts "lacklustre," concluding that it took no action on 12 of the 20 recommendations and only "somewhat implemented" the eight others. He told reporters that the response has been "profoundly underwhelming." Lamrock called for a "nation-to-nation" approach to the issue, including co-management by the province and First Nations governments of funding for mental health services. WATCH | 'Profoundly underwhelming,' advocate says of government efforts: N.B. has failed to act on Indigenous mental health ideas, advocate finds 1 hour ago Duration 2:37 Report says New Brunswick government hasn’t taken steps to improve mental health services for First Nations youth. "At some point one either accepts that we need a distinct process to deal with the crisis in First Nations communities or we do not," Lamrock said. "And that dividing line really animates the report. My submission respectfully to the legislature is we do, and we have not had one." He noted that young Indigenous people are almost eight times as likely to take their own lives as other New Brunswick youth. "Anybody that thinks you can simply attack this problem by saying 'take the strategy for the whole province and add Aboriginal people' probably has not reflected long enough on the very unique causes and very unique challenges in First Nations communities." Lamrock asked government departments for an accounting of their work on the proposals submitted by a First Nations advisory council to his predecessor Norm Bossé, as part of the advocate's broader review of suicide prevention and youth mental health services. He said the responses "do not meaningfully address the substance of the recommendations," often equating the creation of committees — or just the discussion of who might sit on committees — with concrete actions. "In several cases it appears that authorities are providing unrelated or tangential responses as a means to avoid rejecting the recommendations," he wrote. "This indicates both a failure of the authorities to address the issue and a failure to take accountability for their inaction." Lamrock's report makes five new recommendations that he says are intended to "kickstart this process after three lost years," including a "nation-to-nation" agreement with First Nations for the co-management of funding for youth mental health services. Lack of action has 'huge costs' Roxanne Sappier, who co-chaired the advisory council for Bossé's report, said she was hopeful the proposals would spark movement. "The lack of action means that our youth are suffering, that we're not meeting the needs of our families in our communities, and that has huge, huge costs," she said. In a statement, Rob McKee, the Liberal minister responsible for mental health and addiction services, said "a number of initiatives are underway ...and are in various stages of implementation" — the kind of phrasing that Lamrock's report criticized.. McKee's statement said that includes creating programs that are "culturally safe" for Indigenous people, but he did not mention the idea of co-managing funding. Lamrock also called for clearer accounting of federal funds transferred to the province for First Nations mental health to ensure it's being spent properly and the creation of clear indicators for measuring progress. He was reluctant to discuss whether the previous Progressive Conservative government of Blaine Higgs was to blame or whether the new Liberal government of Premier Susan Holt would make a difference. His job, he said, was to report to the legislature — meaning 49 MLAs from three different parties — and leave it to them to hold specific politicians accountable. "My job is to say what has come out of the department, and it's nothing." Roxanne Sappier, who co-chaired the advisory council for Bossé's report, says they've been waiting 'a long, long time' for gains to be made. (Mikael Mayer/Radio-Canada) But Sappier said she believes the attitudes of those holding political power can't be ignored. "It's been very challenging without that support from the top. So we're really hopeful that now that we do have mandates from this government supporting this work, that we will make some gains that we've been waiting for for a long, long time," she said. Progressive Conservative MLA Rob Weir, who was first elected in October and who worked as a political assistant in the PC government, was reluctant to say why so little progress had happened. "I can't answer that because I was not in the room," he said. PC MLA Rob Weir, who was first elected in October, was reluctant to say why so little progress had happened. (Jacques Poitras/CBC) "I will guarantee that moving forward, I will be an advocate for paying attention to the issues that we have and solving the problems moving forward." Green Party leader David Coon said the Higgs government was clearly responsible for the inaction, "but they're gone," and he called on the legislature's social policy committee to be given a mandate to monitor the implementation of the recommendations. Among the 2021 recommendations where Lamrock found no action was taken: The launch of a separate review by the provincial government of Indigenous youth mental health services. Changes to health care structures and processes with a long-term goal of "cultural safety" for Indigenous youth and better outcomes. A forum that includes federal and provincial governments and Indigenous leaders to develop a framework for "culturally appropriate, competent and safe" mental health services. Improving the transparency of how federal government money transferred to the province is spent on Indigenous mental health services. Cultural training for judges and Crown prosecutors. Among recommendations that Lamrock said were "somewhat" implemented: Formal support and recognition of the Mi'gmaq, Peskotomuhkati and Wolastoqey languages through provincial legislation and programs. The offering of "culturally relevant" mental wellness, health and addiction services for Indigenous youth, with an emphasis on Indigenous-led services. A more culturally inclusive education policy.

Baltimore Ravens quarterback Lamar Jackson kept the overall lead in fan voting numbers revealed Monday for the NFL Pro Bowl Games with Philadelphia running back Saquon Barkley a close second. Jackson topped vote-getters with 82,402 and Barkley was next, only 320 votes behind. Barkley was 4,079 votes back of Jackson in last week's first voting results.Connor Clark & Lunn Investment Management Ltd. cut its holdings in shares of Powell Industries, Inc. ( NASDAQ:POWL – Free Report ) by 96.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,819 shares of the industrial products company’s stock after selling 54,726 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Powell Industries were worth $404,000 as of its most recent filing with the Securities and Exchange Commission. Other hedge funds have also recently added to or reduced their stakes in the company. Transform Wealth LLC lifted its holdings in shares of Powell Industries by 25,920.5% during the 2nd quarter. Transform Wealth LLC now owns 1,674,162 shares of the industrial products company’s stock worth $240,075,000 after acquiring an additional 1,667,728 shares during the period. Vanguard Group Inc. increased its position in Powell Industries by 2.7% during the first quarter. Vanguard Group Inc. now owns 656,428 shares of the industrial products company’s stock worth $93,410,000 after purchasing an additional 17,177 shares during the last quarter. American Century Companies Inc. raised its stake in Powell Industries by 15.0% during the second quarter. American Century Companies Inc. now owns 274,388 shares of the industrial products company’s stock worth $39,347,000 after purchasing an additional 35,818 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Powell Industries by 1.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 99,517 shares of the industrial products company’s stock valued at $14,271,000 after purchasing an additional 1,015 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Powell Industries by 1,119.3% in the 3rd quarter. Victory Capital Management Inc. now owns 98,590 shares of the industrial products company’s stock valued at $21,886,000 after purchasing an additional 90,504 shares during the last quarter. 89.77% of the stock is owned by institutional investors and hedge funds. Powell Industries Price Performance Shares of NASDAQ:POWL opened at $267.38 on Friday. The business has a 50-day moving average of $267.76 and a two-hundred day moving average of $198.52. The firm has a market capitalization of $3.21 billion, a PE ratio of 21.76, a P/E/G ratio of 1.33 and a beta of 0.86. Powell Industries, Inc. has a 12 month low of $75.05 and a 12 month high of $364.98. Powell Industries Dividend Announcement Insider Activity at Powell Industries In related news, major shareholder Thomas W. Powell sold 5,000 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $347.74, for a total transaction of $1,738,700.00. Following the completion of the sale, the insider now directly owns 677,265 shares of the company’s stock, valued at approximately $235,512,131.10. This represents a 0.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website . Over the last quarter, insiders have sold 60,000 shares of company stock worth $14,679,842. Company insiders own 2.20% of the company’s stock. Analyst Upgrades and Downgrades Separately, StockNews.com downgraded Powell Industries from a “buy” rating to a “hold” rating in a report on Saturday, November 23rd. View Our Latest Report on Powell Industries Powell Industries Company Profile ( Free Report ) Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems. The company’s principal products include integrated power control room substations, custom-engineered modules, electrical houses, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, switches, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears. Further Reading Five stocks we like better than Powell Industries Transportation Stocks Investing The Latest 13F Filings Are In: See Where Big Money Is Flowing The Significance of Brokerage Rankings in Stock Selection 3 Penny Stocks Ready to Break Out in 2025 Using the MarketBeat Stock Split Calculator FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential Want to see what other hedge funds are holding POWL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Powell Industries, Inc. ( NASDAQ:POWL – Free Report ). Receive News & Ratings for Powell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Powell Industries and related companies with MarketBeat.com's FREE daily email newsletter .

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The Benazir Income Support Programme (BISP) stands as a powerful testament to Pakistan’s commitment to social justice and social protection. The very idea of social safety programme was conceived by ex-Prime Minister of Pakistan Mohtarma Shaheed Benazir Bhutto during her time in exile, the idea aimed to provide economic relief to the country’s most vulnerable population, particularly women, who often bore the brunt of socio-economic inequities. After her unfortunate assassination, Pakistan People’s Party-led Federal Government launched BISP in 2008 and her vision was transformed into reality under the leadership of President Asif Ali Zardari. Today, BISP through quarterly cash grant supports 9.6 million households, a number set to increase to 10 million by June 2025, becoming Pakistan’s largest and most influential social protection programme. This ambitious programme, designed to offer direct financial assistance to the poorest families through Benazir Kafalat programme, has been particularly transformative for women, positioning them as heads of their households in a country where women have historically been sidelined in economic, social, and political decision-making. From providing cash transfers and promoting maternal and child health through programmes like Benazir Nashonuma, to investing in education with the Benazir Taleemi Wazaif initiative, and now implementing a skill development programme to ensure poverty graduation through global employability of beneficiaries & their families, BISP continues to break barriers, offering financial inclusion and social empowerment to millions across Pakistan A journey of learning and leading Once a learner, BISP now stands as a leader in global social protection, setting an example for developing countries to follow. For years, BISP has looked beyond its borders to draw lessons from international models of social protection, adapting and refining its own initiatives. But in a remarkable turn of events, developing countries from across the globe are now visiting Pakistan to study BISP’s practices, which have gained recognition worldwide for their success in empowering marginalized populations. Recently in October, 2024, a 21-member Ugandan delegation, led by Lucy Nakyobe Mbonye, Secretary of Public Service, paid four-day study visit to the Benazir Income Support Programme (BISP). While briefing the delegates, Dr. Tahir Noor, Additional Secretary BISP, attributed BISP’s success to its scientific, and objective targeting, technology based payment mechanisms, the trust of international development partners, and independent third-party monitoring. Ms. Coco Ushiyama, Country Director of the World Food Programme, also commended BISP’s evidence-based database and its role in providing timely assistance during natural disasters. This shift represents a significant milestone not only for BISP but also for Pakistan’s growing influence in the global development sector. At the South-South Cooperation Forum held in Islamabad on November 14, 2024, Pakistan’s success story was showcased as a model for social protection systems across the globe. Representatives from West African nations, including Mali, Niger, Burkina Faso, and Senegal, gathered in Islamabad to learn firsthand from Pakistan’s pioneering work in social welfare. Delegates were particularly impressed by BISP’s ability to integrate women into the economic mainstream, a critical step toward achieving long-term social and economic stability. “Today, we are not just learning from others; we are teaching others,” said Secretary BISP Amer Ali Ahmad during his address at the event. He proudly highlighted BISP’s transformation over the years—from a fledgling initiative in 2008 to a globally recognized model of inclusive social protection. The programme’s emphasis on empowering women through direct cash transfers, health and nutrition programmes, and educational incentives has not only supported millions of under-privileged but has also set a new standard for how social welfare can contribute in generating socioeconomic activities in less developed areas as major part of BISP Rs 598 billion budget is pumped into local economy through these quarterly cash grants to more than 9.6 million families across the country. BISP’s global impact: a beacon for social protection The South-South Cooperation forum, which brought together global development partners such as the World Food Programme, World Bank, UNICEF, KfW, GIZ and the Asian Development Bank (ADB), was recognition of the profound impact BISP has had, not just within Pakistan but across the world. The participating countries, each grappling with their own poverty and development challenges, came to Pakistan seeking solutions that could be adapted and implemented in their respective contexts. The delegation from Mali, led by Redouwane Mohamed Ali, Minister of Food Security, praised Pakistan for its robust social safety net, particularly BISP’s ability to deliver aid efficiently through its innovative payment mechanisms, such as biometric verification, mobile banking, and dynamic data registry mechanism. BISP’s cutting-edge approach to cash transfers has streamlined the process, combating corruption and ensuring that the right individuals benefit from the programme. BISP has advanced its digital payment systems by introducing biometric-enabled transactions in collaboration with six banks, improving security, transparency, and access for beneficiaries. Additionally, a pilot savings scheme offers a 40% quarterly bonus to encourage a culture of saving amongst these vulnerable segments of society. The future plan of BISP to phase out POS agents will empower women to independently access their social security funds, enhancing their financial autonomy. Similarly, Amedee Bamouni, Secretary of the National Council for Social Protection of Burkina Faso, commended BISP’s dynamic registry centers and national socio-economic database, which track the financial status of beneficiaries, ensuring that aid reaches the most deserving families. He emphasized how BISP’s transparent systems and use of technology could serve as a valuable blueprint for social protection programmes in Burkina Faso and other countries facing similar challenges. In addition to financial transfers, BISP’s focus on maternal, newborn, and child health (MNCH) was another key area of interest for the visiting delegates. The Benazir Nashonuma Programme, which provides cash incentives linked to health and nutrition outcomes, has helped combat malnutrition and stunting among new born children and has improved health of mothers, particularly in rural areas. BISP has allocated PKR 42 billion (approx. USD 144 million) to the Program, benefiting 2.6 million pregnant and lactating women, contributing to better maternal and infant health outcomes. This programme’s success, supported by the World Food Programme (WFP), has demonstrated how integrating health and nutrition with cash transfers can lead to long-term improvements in the health of entire communities. A vision for the future: expanding global cooperation As Pakistan continues to advance its social protection agenda, the importance of global collaboration cannot be overstated. The South-South Cooperation forum marks the beginning of a new chapter in Pakistan’s social welfare journey, one that involves sharing lessons learned with other developing nations while also learning from their unique challenges and solutions. The exchange of knowledge between Pakistan and West African countries promises to deepen the understanding of how social protection systems can be tailored to the needs of local populations, addressing challenges like poverty, malnutrition, and gender inequality. Through mutual cooperation, countries can build stronger, more resilient social safety nets that lift people out of poverty and empower them to contribute to their countries’ economic development. As Senator Rubina Khalid, Chairperson of BISP, aptly put it during the forum: “The success of BISP is not only a significant achievement for Pakistan, but it has also brought in international recognition as a model of effective social protection. It is a moment of immense pride for our nation to witness our social protection program being studied and admired by countries worldwide. I am delighted to see the vision of Benazir Bhutto Shaheed transforming into a tangible reality, now celebrated on the global stage. This is a testament to how visionary leadership can shape the priorities of a nation. BISP has become a flagship programme and a case study for many countries striving to establish their own social protection systems.“ The Recognition of BISP as a model for social protection is a testament to Pakistan’s ability to create meaningful change at both the national and international levels, BISP is not just shaping Pakistan’s future but also contributing to UNDP global goals of No Poverty, Zero Hunger, Good Health, Gender Equality, Decent Work and Economic Growth & Reduced Inequalities for a more inclusive Pakistan. Copyright Business Recorder, 2024Share Tweet Share Share Email In the realm of modern business, keeping customers satisfied and engaged can often prove to be just as critical as acquiring new ones. Indeed, in our interconnected digital landscape, a business’s success frequently hinges on its ability to maintain dialogue and build lasting relationships with its clientele. With this in mind, many organizations are turning to innovative technology solutions, such as Pendula , to enhance their customer engagement strategies, seeking to bolster customer Utilizing an effective customer engagement platform is a cornerstone for companies aiming to achieve superior customer interaction. There is a multitude of reasons why engagement lays the foundation for commercial success: it can drive sales, enhance brand image, and lead to valuable word-of-mouth marketing. However, merely engaging is not enough. 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