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Shopping on Shein and Temu for holiday gifts? You're not the only oneThe former Tory chancellor, now chairman of the British Museum, suggested Sir Keir Starmer had contributed to a warmer spirit of the negotiations over the famous ancient artworks. Greece has long called for the return of the Marbles, also known as the Parthenon sculptures, and maintains they were illegally removed from Athens’ acropolis during a period of foreign occupation. The British Museum – where they are currently on display – is forbidden by law from giving away any of its artefacts, and the Government has no plans to change the law to permit a permanent move. But under Mr Osborne’s leadership, the museum is negotiating the possibility of a long-term loan of the sculptures, in exchange for rolling exhibitions of famous artworks. No 10 has indicated the Prime Minister is unlikely to stand in the way of such a deal. Speaking on Political Currency, the podcast he hosts alongside former Labour politician Ed Balls, Mr Osborne said the museum was “looking to see if we can come to some arrangement where at some point some of the sculptures are in Athens, where, of course, they were originally sited”. He added: “And in return, Greece lends us some of its treasures, and we made a lot of progress on that, but we’re still some distance from any kind of agreement.” The Greek government has suggested negotiations with the museum have taken a warmer tone since Labour came to power in the summer. Mr Osborne appeared to concur with this view and praised Sir Keir’s hands-off approach, adding: “It is not the same as Rishi Sunak, who refused to see the Greek prime minister, if you remember, he sort of stood him up. “So it seems to me a more sensible and diplomatic way to proceed.” Kyriakos Mitsotakis, the Greek premier, discussed the Elgin Marbles with Sir Keir when they met on Tuesday morning at Downing Street, he said after returning to Athens. Mr Mitsotakis has signalled his government is awaiting developments on the negotiations. A diplomatic spat between the Greek leader and Mr Sunak emerged last year when the then-prime minister refused to meet his counterpart. Mr Mitsotakis had compared splitting the Elgin Marbles from those still in Athens to cutting the Mona Lisa in half. The marble statues came from friezes on the 2,500-year-old Parthenon temple and have been displayed at the British Museum for more than 200 years. They were removed by Lord Elgin in the early 19th century when he was British ambassador to the Ottoman Empire. Some of the remaining temple statues are on display in the purpose-built Acropolis Museum in Athens, and Greece has called for the collections to be reunited.
BOSTON--(BUSINESS WIRE)--Dec 4, 2024-- Myomo, Inc. (NYSE American: MYO) (“Myomo”), a wearable medical robotics company that offers increased functionality for those suffering from neurological disorders and upper limb paralysis, today announced that it intends to offer and sell shares of its common stock in an underwritten public offering. In connection with the offering, Myomo also expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Craig-Hallum Capital Group is acting as the sole managing underwriter for the offering. Myomo expects to use the net proceeds of the offering, together with its existing cash and cash equivalents, to accelerate its revenue growth by funding an increase in advertising expenses and headcount to support the expected revenue growth in Myomo’s direct billing channel, along with investments in systems to support growth in the O&P channel and in scaling its operations. In addition, the net proceeds of the offering will be used to fund product development and sustaining engineering activities to enhance the current MyoPro product line and to develop the next generation of Myomo’s products, with the remainder for working capital and general corporate purposes. The offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-281311), as amended, including a base prospectus, relating to the shares of common stock to be issued in the proposed offering was filed with the Securities and Exchange Commission (the “SEC”) on August 6, 2024 and was declared effective on August 28, 2024. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale is not permitted. Myomo will file a preliminary prospectus supplement relating to and describing the terms of the proposed offering with the SEC and will be available on the SEC’s website at www.sec.gov . The securities may be offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. Copies of the preliminary prospectus supplement and the accompanying base prospectus relating to the securities being offered may be obtained, when available, from Craig-Hallum Capital Group LLC, Attention: Equity Capital Markets, 222 South Ninth Street, Suite 350, Minneapolis, MN 55402, by telephone at (612) 334-6300 or by email at prospectus@chlm.com . The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC. About Myomo Myomo is a wearable medical robotics company that offers improved arm and hand function for those suffering from neurological disorders and upper-limb paralysis. Myomo develops and markets the MyoPro product line. MyoPro is a powered upper-limb orthosis designed to support the arm and restore function to the weakened or paralyzed arms of certain patients suffering from CVA stroke, brachial plexus injury, traumatic brain or spinal cord injury or other neuromuscular disease or injury. It is currently the only marketed device in the U.S. that, sensing a patient’s own EMG signals through non-invasive sensors on the arm, can restore an individual’s ability to perform activities of daily living, including feeding themselves, carrying objects and doing household tasks. Many are able to return to work, live independently and reduce their cost of care. Myomo is headquartered in Boston, Massachusetts, with sales and clinical professionals across the U.S. and representatives internationally. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, of which provisions Myomo is availing itself. Such forward-looking statements include, but are not limited to, those regarding the completion of the proposed offering and expectations regarding the timing, anticipated use of proceeds from the offering and expectations to grant the underwriter a 30-day option to purchase additional shares. Certain forward-looking statements can be identified by the use of forward-looking terminology, such as “believes,” “expects,” “may,” “will,” “could,” “should,” “seeks,” “approximately,” “intends,” “plans,” “estimates,” or “anticipates,” or the negative thereof or other comparable terminology, or by discussions of strategy, plans, objectives, intentions, estimates, forecasts, outlook, assumptions, or goals. Any forward-looking statements in this press release are based on management’s current expectations and beliefs and are subject to a number of risks, uncertainties and important factors that may cause actual events or results to differ materially from those expressed or implied by any forward-looking statements contained in this press release, including, without limitation, uncertainties related to market conditions and satisfaction of customary closing conditions related to the proposed offering. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Myomo assumes no obligation to update information contained in this press release whether as a result of new developments or otherwise, except as required by law. Please refer to Myomo's most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other subsequent filings with the SEC, which are available at the SEC's website at www.sec.gov , for additional and more detailed discussion of risk factors that could cause actual results to differ materially from Myomo’s current expectations. View source version on businesswire.com : https://www.businesswire.com/news/home/20241204653512/en/ CONTACT: For Myomo: ir@myomo.comInvestor Relations: Kim Sutton Golodetz Alliance Advisors IR kgolodetz@allianceadvisors.com 212-838-3777 KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS INDUSTRY KEYWORD: WEARABLES/MOBILE TECHNOLOGY TECHNOLOGY MEDICAL DEVICES NEUROLOGY OTHER HEALTH HARDWARE HEALTH ROBOTICS GENERAL HEALTH SOURCE: Myomo, Inc. Copyright Business Wire 2024. PUB: 12/04/2024 04:05 PM/DISC: 12/04/2024 04:05 PM http://www.businesswire.com/news/home/20241204653512/en
CHICAGO — Pat Hughes was reciting the lyrics to Bob Dylan’s “Tangled Up In Blue” on a chilly December morning when I realized we’d gone way off topic. The reason for the call was the official announcement that Hughes and Ron Coomer had signed a multiyear extension to continue broadcasting Chicago Cubs games for WSCR-AM 670. The two-year deal takes them through the 2026 season, and Hughes, the Hall of Famer who turns 70 in May and will be in his 30th year of doing Cubs games on the radio, is not close to contemplating retirement. It was not a surprise to anyone, of course. Hughes and Coomer are the best sports broadcasting team in town and their return was never really in doubt. But it was good to hear it was official because opening day in Tokyo is only three months away for the Cubs, and as we’ve learned the hard way in Chicago, it’s never too soon to start thinking about next year. But back to Dylan. Hughes recalled he was in college at San Jose State in 1975 when “Tangled Up in Blue” was released. “I took a class in fiction and one of the assignments was to get up in front of the class with no script and act out and enunciate every single syllable of a song,” he said. “That was the song I chose and it probably was not the greatest choice because it’s like a seven-minute song with a ton of lyrics. “The lyrics are phenomenal. It combines future, present and past: ‘Now I’m going back again, I’ve got to get to her somehow. All the people we used to know, they’re an illusion to me now. Some are mathematicians, some are carpenters’ wives. Don’t know how it all got started. Don’t know what they do with their lives.' ” I was picturing Hughes onstage in a smoky lounge in the '70s, wearing a beret and reciting Dylan’s lyrics on beat poetry night. But then we got back to talking baseball, already in progress. Hughes has called more games than any broadcaster in Cubs history, sources said. The exact number is unknown, but it’s somewhere around 4,500 regular-season games, plus spring training and the postseason. The Cubs used to make it to the postseason, in case anyone has forgotten. Overall, including stints with the Minnesota Twins and Milwaukee Brewers, Hughes said he’s called around 6,700 games. “It’s a lot of balls and strikes,” he said. And a lot of those games are forgotten in time, but memorable in the moment because Hughes and Coomer always make things interesting, whether they’re discussing the game, Jethro Tull singer Ian Anderson or any subject that pops into their heads. “You don’t always have to stay on every pitch in every situation, especially when it’s 8-2 and it’s the seventh inning and you’re doing whatever you can basically to keep your audience listening,” Hughes said. “We joke around. We tease each other. We do baseball history. We do music. Whatever. You don’t plan anything out. It’s a matter of feel. You get on a certain topic and think ‘This feels right.’ Other times, it’s ‘This doesn’t really feel good, so I’m gonna stop.' ” Hughes called Coomer one of the “smartest” baseball analysts he’s worked with, which helps make their chemistry so good. Coomer’s sense of humor also provides an outlet for Hughes to play the straight man. The 2025 season will be Coomer’s 12th season as Cubs analyst alongside Hughes. “Their voices are synonymous with Cubs baseball and the voices of our summer,” Cubs Chief Commercial Officer Colin Faulkner said in a statement. Why do they mesh so well together? “Good question,” Coomer said. “Because we are very different people, personality-wise. First, it’s on Pat. When you’re the lead guy and so good at what you do, it makes it easy to work with him. Pat is so open to everything that goes on, whether it’s plain old air-time when we’re doing the game, to wanting input, to just being a good friend, on and off the air. “We have very different interests, but he’s a very good person, very good at what he does and is open to everybody contributing. It’s blossomed into a great friendship, not just a broadcasting partner.” Knowing Hughes and Coomer will be back again helps fans look forward next season, even if they’re still waiting on Cubs President Jed Hoyer to make the kind of moves to make the team a legitimate postseason contender. Four consecutive years without playing in October is unacceptable for a franchise with as many revenue streams as the Cubs. Either way, Hughes and Coomer will be there, discussing the game or the weather or Dylan or whatever is on their minds. The times they are a-changin’, but it’s good to know some things will stay the same. ©2024 Chicago Tribune. Visit chicagotribune.com . Distributed by Tribune Content Agency, LLC.
AP News Summary at 2:29 p.m. ESTPrime Minister Justin Trudeau says a new chapter for Syria can begin that’s free of terrorism and suffering for its people. In a social media post on X on Sunday, Trudeau said the fall of the Assad dictatorship “ends decades of brutal oppression.” Syrian President Bashar Assad fled the country on Sunday and is now reported to be in Moscow, bringing to a dramatic close his nearly 14-year struggle to hold onto control as his country fragmented in a brutal civil war. The toppling of Assad comes after opposition forces entered the Syrian capital of Damascus, ending half a century of rule by his family. Trudeau said Canada is monitoring the transition closely, and he urged “order, stability, and respect for human rights.” Ottawa is urging Canadians to avoid all travel to Syria and to consider leaving the country if it’s safe to do so. Conservative Leader Pierre Poilievre told a news conference on Sunday that Assad “was a puppet for the tyrants of Tehran.” “He has carried out genocides against the Sunni people in his own country, and now he appears to have been toppled,” Poilievre said in Ottawa. Poilievre said it’s unknown who will replace Assad, adding it isn’t Canada’s fight and that he doesn’t believe Canada should get involved. “We should stand with our allies, including Israel, against the terrorists. We should focus on protecting our own country.” Ottawa describes the security situation as volatile, and said the Damascus and Aleppo airports as well as some border crossings are closed. An updated travel advisory from the Canadian government warns people to avoid the Middle Eastern country due to what it calls “ongoing armed conflict, terrorism, criminality, arbitrary detention, torture and forced disappearance.” Canada has urged its citizens to leave Syria since November 2011, and its embassy in Damascus suspended its operations in 2012.Adam Schiff sworn in to U.S. Senate, reflects on ‘big senatorial shoes to fill’Developers from across India are seizing opportunities to redevelop Mumbai’s old, dilapidated buildings, housing societies and slums to expand their footprint in the land-starved financial capital. In May 2022, Bengaluru-based Prestige Group launched Daffodils, an uber luxury redevelopment project in Pali Hill, Bandra West with a carpet area of 1.2 lakh square feet. The project has sold close to 70% residences since launch. Puravankara Ltd also secured redevelopment rights for two housing societies in Mumbai last year, with a gross development value (GDV) of 1,500 crore. In September, the group acquired rights for another project—Miami Apartments at Breach Candy, entering the uber-luxury south-Mumbai market. Also read | In 2023, Delhi-based DLF Ltd forayed into Mumbai to jointly develop a slum rehabilitation project with a subsidiary of Trident Buildtech Pvt. Ltd in Mumbai’s Andheri West. A year earlier, Ahmedabad-based Adani Properties Pvt. Ltd had won the mandate to execute the redevelopment of Dharavi, one of the world’s largest slums that sprawls across 600 acres. "With limited opportunities of greenfield land parcels in Mumbai, a massive opportunity exists in the redevelopment and SRA space," said Tariq Ahmed, CEO, West India at Prestige Group. "So, I think that's where there is a lot of focus for developers considering the significant ongoing redevelopments of regular societies or Mhada societies and with multiple opportunities still out there." Mhada is the Maharashtra Housing and Area Development Authority. The redevelopment scene Mumbai’s redevelopment scene includes development agreements with housing societies, slum rehabilitation model as well as redeveloping cessed buildings, which have been constructed before 1960 in Maharashtra and the government collects cess from the residents of these buildings. Over 25,000 buildings in Mumbai’s metropolitan region (MMR) alone have outlived their useful life and are eligible for redevelopment, Dhaval Ajmera, secretary of Credai-MCHI, had said at a press conference. “Mumbai is a redevelopment market," said Abhishek Kapoor, group chief executive and executive director at Puravankara. “We are actively pursuing opportunities on the redevelopment side in Mumbai. We've already signed three redevelopment projects, and we are working on a few more. So, the pipeline is quite robust." Also read | Redevelopment is an attractive space to be in for developers due to FSI benefits, potentially higher profit margins and for expansion opportunities amid a paucity of clean developable land in Mumbai. The developers can get access to prime land parcels in Mumbai, where there is less opportunity for acquiring land. “Whether it is SRA or non-SRA buildings, such projects have the potential for higher FSI and higher returns, which is attracting all these developers to the segment," said Pankaj Kapoor, founder and managing director, at Liases Foras. “Around 60% of today's supply of launches comes from redevelopment—whether society or slum redevelopment." Highly competitive While the market poses an attractive opportunity, it is becoming highly competitive. The boom in real estate has encouraged a lot of players to take up redevelopment projects. Developers such as Hiranandani group, Keystone Realtors Ltd, Raymond Realty, etc. have a pipeline of such redevelopment projects. “There is a mad rush among the developers to make newer commitments. So, they are offering very, very lucrative deals to the existing tenants to acquire the proposals," Kapoor said. “But a lot of this new supply that has come in is in the 2 crore-plus bracket of flats. In redevelopment, you are housing existing tenants and bringing in new tenants—so there is heterogeneity of demographics. Because of this, there may be less preference for people to pay because the exclusivity may not be there." For buyers, competition means bigger homes, better amenities, parks, and an upgradation of living conditions. Also read | A lot has gone wrong for developers in the past whether in redevelopment projects or slum rehabilitation projects. “In the past many housing societies in Mumbai entrusted the redevelopment of their projects to builders but were left in the lurch," said Anuj Puri, chairman of Anarock Group. “In many cases, they were cheated by builders in a variety of aspects. In others, the builder ran out of capital and left the whole undertaking in indefinite limbo." “Meanwhile, the original owners incur huge rental expenses in alternate accommodations and are generally at the mercy of an outside party whose only objective is a massive profit margin," he said. Fall of marquee players Slum rehabilitation projects, especially, have led to the fall of some marquee players in Mumbai, according to Gulam Zia, senior executive director at Knight Frank. Such projects led to the downfall and financial drain of players including Housing Development and Infrastructure Ltd (HDIL), Mint reported earlier. Orbit Group had also gone insolvent after a few of its redevelopment projects faced long delays. Also read | “What happens is when you're doing SRA, you have to take care of many things politically or with money," Zia said. “Every SRA project is a political landmine...so, cleaning slums is the dirtiest aspect that you could ever think of doing in the city of Mumbai." Such projects are doable only when the slum’s problems are sorted and the demarcated, boundaried land is offered to a developer, Zia said. “If it's a good, listed player or a brand name, then they will definitely not touch any SRA development which is still plagued with the troubles of the past." Eyeing the market All kinds of players are eying the market In a first of its kind exhibition called ‘Redeveloping Mumbai: Ease of Doing Redevelopment’ (EODR), organised by Credai-MCHI earlier this year, over 40 developers such as Rustomjee, Kolte Patil, Puravankara, Raymond Realty, etc. participated to connect with housing societies. “Today if you take a trip to any locality, you see names of developers you’ve never heard of working on redevelopment, these players will be a challenge," Kapoor said. “Listed players or renowned names, on the other hand, are smart players, they have the skills and the financial muscles to really get the projects and keep in mind its liabilities and the future projections." Also read | Distressed assets are another opportunity. Prestige Group is also actively looking for stressed assets and stuck projects as a part of their strategy to expand in Mumbai. "Stressed assets or stuck projects are always ones that you would look at. Obviously, you know, the land parcel has to make sense, where it's located, whether the product makes sense, all of that has to match," Ahmed said. “We've been successful doing it right now. We've done it, when we acquired the Prestige City Mulund out of bankruptcy. We acquired it at a very attractive valuation."
EverythingALS and Compass UOL partner to advance artificial intelligence and computational biology by training and supporting 2,000 Top Talent to Cure ALS at AWS re:Invent 2024Shopping on Shein and Temu for holiday gifts? You're not the only one