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Biden will decide on US Steel acquisition after influential panel fails to reach consensus WASHINGTON (AP) — A powerful government panel has failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel. The Committee on Foreign Investment in the United States on Monday sent its long-awaited report to President Joe Biden, a longtime opponent of the deal. Some federal agencies represented on the panel were skeptical that allowing a Japanese company to buy an American-owned steelmaker would create national security risks. That's according to a U.S. official familiar with the matter. Both Biden and President-elect Donald Trump opposed the merger and vowed to block it. Nippon Steel says it is confident the deal will go ahead. Nissan and Honda to attempt a merger that would create the world's No. 3 automaker TOKYO (AP) — Japanese automakers Nissan and Honda have announced plans to work toward a merger that would catapult them to a top position in an industry in the midst of tectonic shifts as it transitions away from its reliance on fossil fuels. The two companies said they signed an agreement on integrating their businesses on Monday. Smaller Nissan alliance member Mitsubishi Motors agreed to join the talks. News of a possible merger surfaced earlier this month. Japanese automakers face a strong challenge from their Chinese rivals and Tesla as they make inroads into markets at home and abroad. What a merger between Nissan and Honda means for the automakers and the industry BANGKOK (AP) — Japanese automakers Honda and Nissan will attempt to merge and create the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors also had agreed to join the talks on integrating their businesses. Honda will initially lead the new management, retaining the principles and brands of each company. Following is a quick look at what a combined Honda and Nissan would mean for the companies, and for the auto industry. Survey: Small businesses are feeling more optimistic about the economy after the election A survey shows small business owners are feeling more optimistic about the economy following the election. The National Federation of Independent Businesses’ Small Business Optimism Index rose by eight points in November to 101.7, its highest reading since June 2021. The Uncertainty Index declined 12 points in November to 98, following October’s pre-election record high of 110. NFIB Chief Economist Bill Dunkelberg said small business owners became more certain about future business conditions following the presidential election, breaking a nearly three-year streak of record high uncertainty. The survey also showed that more owners are also hoping 2025 will be a good time to grow. Heavy travel day off to a rough start after American Airlines briefly grounds all flights WASHINGTON (AP) — American Airlines briefly grounded flights nationwide due to a technical issue just as the Christmas travel season kicks into overdrive and winter weather is threatening more potential problems for those planning to fly or drive. American flights were cleared to fly by federal regulators about one hour after a national ground stop order was issued by federal regulators Tuesday. The American groundings couldn’t come at a worse time for the millions of travelers expected to fly over the next 10 days. The Transportation Security Administration expects to screen 40 million passengers over the holidays and through January 2. Nordstrom to be acquired by Nordstrom family and a Mexican retail group in $6.25 billion deal Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal. Nordstrom shareholders will receive $24.25 in cash for each share of Nordstrom common stock, representing a 42% premium on the company’s stock as of March 18. Nordstrom’s board of directors unanimously approved the the proposed transaction, while Erik and Pete Nordstrom — part of the Nordstrom family taking over the company — recused themselves from voting. Following the close of the transaction, the Nordstrom Family will have a majority ownership stake in the company. Stock market today: Wall Street rallies ahead of Christmas Stocks are broadly higher in trading on Wall Street, led by gains in Big Tech stocks. The S&P 500 was up 0.7% Tuesday. Chip company Broadcom was again helping to pull the index higher. The Dow Jones Industrial Average was up 0.4%, and the Nasdaq composite was up 1%. American Airlines fell 0.4% after the airline briefly grounded flights nationwide due to a technical issue. Treasury yields rose. U.S. markets will close at 1 p.m. Eastern and stay closed Wednesday for Christmas. An analyst looks ahead to how the US economy might fare under Trump WASHINGTON (AP) — President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working in the United States illegally. In some ways, his victory marked a repudiation of President Joe Biden’s economic stewardship and a protest against inflation. It came despite low unemployment and steady growth under the Biden administration. What lies ahead for the economy under Trump? Paul Ashworth of Capital Economics spoke recently to The Associated Press. The interview has been edited for length and clarity. American consumers feeling less confident in December, Conference Board says American consumers are feeling less confident in December, a business research group says. The Conference Board said Monday that its consumer confidence index fell back in December to 104.7 from 112.8 in November. Consumers had been feeling increasingly confident in recent months. The consumer confidence index measures both Americans’ assessment of current economic conditions and their outlook for the next six months. The measure of Americans’ short-term expectations for income, business and the job market tumbled more than a dozen points to 81.1. The Conference Board says a reading under 80 can signal a potential recession in the near future. Stock market today: Wall Street rises at the start of a holiday-shortened week Stocks closed higher on Wall Street at the start of a holiday-shortened week. The S&P 500 rose 0.7% Monday. Several big technology companies helped support the gains, including chip companies Nvidia and Broadcom. The Dow Jones Industrial Average added 0.2%, and the Nasdaq composite rose 1%. Honda's U.S.-listed shares rose sharply after the company said it was in talks about a combination with Nissan in a deal that could also include Mitsubishi Motors. Eli Lilly rose after announcing that regulators approved Zepbound as the first prescription medicine for adults with sleep apnea. Treasury yields rose in the bond market.SANTA CRUZ, Calif. (AP) — Persistent high surf and flooding threats along California’s coast had residents on high alert a day after a major storm was blamed for one man’s death and the partial collapse of a pier , which propelled three people into the Pacific Ocean. The National Weather Service on Christmas Eve warned of dangerous, large-breaking waves of up to 35 feet (10.7 meters). Its latest high surf warning will be in effect until 6 p.m. Tuesday. “Large waves can sweep across the beach without warning, pulling people into the sea from rocks, jetties and beaches,” the weather service said in a Christmas Eve bulletin. In Santa Cruz, where a municipal wharf under construction partially collapsed on Monday, most beaches were cordoned off as they were inundated with high surf and debris. Residents received an alert on their phones Tuesday morning notifying them to “avoid all beaches including coastal overlook areas such as rocks, jetties or cliffs.” It warned powerful waves could sweep entire beaches unexpectedly. Local officials said there could be further damage to the wharf, but no more pieces broke off overnight. The wharf collapsed and fell into the ocean midday Monday, taking three people with it. Two people were rescued by lifeguards and a third swam to safety. No one was seriously injured. “We are anticipating that what is coming toward us is more serious than what was there this morning,” Santa Cruz Mayor Fred Keeley said Monday. The structure was in the middle of a $4 million renovation following destructive storms last winter about 70 miles (112 kilometers) south of San Francisco. “It’s a catastrophe for those down at the end of the wharf,” said David Johnston, who was allowed onto the pier on Monday to check on his business, Venture Quest Kayaking. Tony Elliot, the head of the Santa Cruz Parks & Recreation Department, estimated that about 150 feet (45 meters) of the end of the wharf fell into the water. It was immediately evacuated and will remain closed indefinitely. Some of the wharf’s pilings are still in the ocean and remain “serious, serious hazards” to boats, the mayor said. Each piling weighs hundreds of pounds and is being pushed by powerful waves. “You are risking your life, and those of the people that would need to try and save you by getting in or too close to the water,” the National Weather Service’s Bay Area office said on the social platform X. Building inspectors were looking at the rest of the pier’s structural integrity. Some California cities ordered beachfront homes and hotels to evacuate early Monday afternoon as forecasters warned that storm swells would continue to increase throughout the day. In Watsonville along the Monterey Bay, first responders were called to Sunset State Beach, a state park, around 11:30 a.m. Monday for a report of a man trapped under debris. The Santa Cruz County Sheriff’s Office believes a large wave pinned him there. The man was pronounced dead at a hospital. The storm’s high surf also likely pulled another man into the Pacific Ocean around noon Monday at Marina State Beach, nearly 13 miles (21 kilometers) south of Watsonville, authorities said. Strong currents and high waves forced searchers to abandon their efforts roughly two hours later as conditions worsened. The man remained missing Monday evening. In a post on X, the National Weather Service office in Portland, Oregon, said, “It will likely go down as some of the highest surf this winter.”
NEW YORK (AP) — U.S. stocks slipped below their records in the runup to a big jobs report due on Friday. The S&P 500 edged down 0.2% Thursday after setting an all-time high for the 56th time this year the day before. The Dow Jones Industrial Average lost 0.6%, while the Nasdaq composite fell 0.2%. The crypto market had much more action, and bitcoin briefly burst to a record above $103,000 before falling back toward $99,000. It’s climbed dramatically since Election Day on hopes President-elect Donald Trump will be more friendly to crypto. Airline stocks were strong, while Treasury yields held relatively steady in the bond market. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — U.S. stocks are drifting around their records Thursday in the runup to a big jobs report due on Friday. The crypto market had much more action, and bitcoin briefly burst to a record above $103,000 before pulling back. The S&P 500 was edging down by 0.1% after setting an all-time high for the 56th time this year the day before to improve one of its best years of the millennium . The Dow Jones Industrial Average was down 183 points, or 0.4%, with roughly an hour remaining in trading, while the Nasdaq composite was nearly unchanged from its own record set the day before. Bitcoin powered above $100,000 the night before, after President-elect Donald Trump chose a crypto advocate, Paul Atkins, as his nominee to head the Securities and Exchange Commission. The cryptocurrency has climbed dramatically from less than $70,000 on Election Day, but it quickly fell back as Thursday progressed toward $99,000, according to CoinDesk. Sharps swings for bitcoin are nothing new, and they took stocks of companies enmeshed in the crypto world on a similar ride. After rising as much as 9% in early trading, MicroStrategy, a company that’s been raising cash just to buy bitcoin, swung to a loss of 5.9%. Crypto exchange Coinbase Global fell 3.2% after likewise erasing a big early gain. Elsewhere on Wall Street, stocks of airlines helped lead the way following the latest bumps up to financial forecasts from carriers. American Airlines Group soared 18.6% after saying it’s making more in revenue during the last three months of 2024 than it expected, and it will likely make a bigger profit than it had earlier forecast. The airline also chose Citi to be its exclusive partner for credit cards that give miles in its loyalty program. That should help its cash coming in from co-branded credit card and other partners grow by about 10% annually. Southwest Airlines climbed 3.4% after saying it’s seeing stronger demand from leisure travelers than it expected. It also raised its forecast for revenue for the holiday traveling season. On the losing end of Wall Street was Synposys, which tumbled 12.1%. The supplier for the semiconductor industry reported better profit for the latest quarter than analysts expected, but it also warned of “continued macro uncertainties” and gave a forecast for revenue in the current quarter that fell short of some analysts’ estimates. American Eagle Outfitters fell even more, 15.3%, after the retailer said it’s preparing for “potential choppiness” outside of peak selling periods. It was reminiscent of a warning from Foot Locker earlier in the week and raised more concerns about how resilient U.S. shoppers can remain. Solid spending by U.S. consumers has been one of the main reasons the U.S. economy has avoided a recession that earlier seemed inevitable after the Federal Reserve hiked interest rates to crush inflation. But shoppers are now contending with still-high prices and a slowing job market . This week’s highlight for Wall Street will be Friday’s jobs report from the U.S. government, which will show how many people employers hired and fired last month. A report on Thursday said the number of U.S. workers applying for unemployment benefits rose last week but remains at historically healthy levels. Expectations are high that the Fed will cut its main interest rate again when it meets in two weeks. The Fed began easing its main interest rate from a two-decade high in September, hoping to offer more support for the job market. In the bond market, the yield on the 10-year Treasury held steady at 4.18%, where it was late Wednesday. In stock markets abroad, indexes were mostly calm in Europe after far-right and left-wing lawmakers in France joined together to vote on a no-confidence motion prompted by budget disputes that will force Prime Minister Michel Barnier and his Cabinet to resign. The CAC 40 index in Paris added 0.4%. In South Korea, the Kospi fell 0.9% to compound its 1.4% decline from the day before. President Yoon Suk Yeol was facing possible impeachment after he suddenly declared martial law on Tuesday night. He revoked the martial law declaration six hours later. Crude oil prices slipped after eight members of the OPEC+ alliance of oil exporting countries decided to put off increasing oil production. ___ AP Business Writers Yuri Kageyama and Matt Ott contrributed. Stan Choe, The Associated Press
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Notation Labs Secures $2 Million Credit Facility to Accelerate Production of QwelTM, a Cutting-Edge Lead Detection and Prevention SystemBoca Raton, FL, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Brandon Hall Group, the leading independent HCM research and analyst firm, has announced the winners of the 2024 EdTech Excellence AwardsTM, celebrating organizations that have revolutionized learning through innovative technological solutions across more than 30 categories. The EdTech Excellence AwardsTM recognizes breakthrough achievements in educational technology, spanning from innovative AI-powered learning solutions to comprehensive learning management systems. Categories include Best Adaptive Learning Solution, Best STREAM Solution, Best Innovative Generative AI-Powered Learning Solutions, Best Mobile App for Education, and Best Augmented Reality/Virtual Reality Solutions, among others. A complete list of this year's winners, along with past recipients, can be found at excellenceawards.brandonhall.com/winners/ . "The Excellence in Technology Awards continues to showcase the pinnacle of innovation in the HCM space," said Rachel Cooke, Chief Operating Officer of Brandon Hall Group. "The submissions we received this year represent groundbreaking solutions across learning, talent management, talent acquisition, HR, workforce management, and sales enablement technologies. The global diversity of our applicants reflects how technology is breaking down barriers and reshaping the future of work." This year's entries demonstrated remarkable advancements across crucial educational technology areas, including personalized learning platforms, digital courseware solutions, classroom management tools, and innovative assessment solutions. The awards particularly highlighted emerging technologies such as AI-powered learning tools and virtual reality applications that are transforming the educational landscape. "What sets our awards program apart is our unwavering commitment to a rigorous, multi-tiered evaluation process," said Mike Cooke, CEO of Brandon Hall Group. "Each submission undergoes detailed assessment by industry veterans and our expert analyst team, followed by a thorough executive review. This methodical approach, combined with our points-based scoring system, ensures that every award truly reflects excellence in innovation and measurable business impact." The winners will be honored at Brandon Hall Group's HCM Excellence Conference 2025, taking place January 28-30, 2025, in West Palm Beach, Florida. At the conference, winners will have the opportunity to showcase their innovative educational technologies and share best practices during special sessions. For more information about the conference and to register, visit excellenceconference.brandonhall.com . About Brandon Hall Group Brandon Hall GroupTM is the home of the most prestigious and sought-after awards in Human Capital Management. For over 30 years, our awards programs have set the gold standard in recognizing organizations for innovative and effective HCM practices. The EdTech Excellence AwardsTM are part of a comprehensive recognition program that includes our flagship HCM Excellence Awards® - known as the "Academy Awards of Human Capital Management" - and our new Voice of the Employee Awards. Our awards programs attract entrants from leading corporations worldwide, as well as mid-market and smaller firms, with diverse categories spotlighting the most innovative organizational achievements and the solution providers who power them. The rigorous and impartial evaluation process leverages an international panel of veteran industry experts and Brandon Hall Group senior analysts, providing winners with both international recognition and critical insights to accelerate their business growth and impact. At Brandon Hall GroupTM, we don't just celebrate excellence - we provide a platform for sharing best practices that drive the industry forward, empowering excellence in organizations around the world and advancing the HCM profession as a whole. CONTACT: David Forry Brandon Hall Group 5613538082 [email protected]PEMBROKE — Through one early-game stretch Saturday against Erskine, and another in the second half, UNC Pembroke head basketball coach Drew Richards was clearly not pleased with his team’s effort, particularly on the defensive end. But for a 15-minute span in between those two points, the Braves were quite strong on both ends. It was that stretch that helped UNCP to build a lead as it opened Conference Carolinas play with a 94-64 home win over Erskine. “You can’t choose when you talk on a basketball court. As soon as you stop talking the offense is going to take advantage of it,” Richards said. “So I thought the last 15 (minutes) of the first (half), and the first five or six (minutes) of the second, we were locked in and we were talking and jumping and we were in a stance off the ball, we were doing all those things that we practice every single day. And then we just decided not to do it. Erskine (2-5, 0-1 CC) led 15-13 with 11:41 left in the first half, with the Flying Fleet going 6-for-9 from the field and Grant Lovette scoring 11 points in the stretch. UNCP (3-4, 1-0 CC) then went on a 37-4 run that stretched into the early minutes of the second half. It began with a 13-0 stretch as UNCP held Erskine without a point for 4 1/2 minutes to go up 26-15; the Braves got 3-pointers in the run from Ant Abraham, Josh Berenbaum and Quay Watson, who also hit a layup. It was part of a breakout day for the Charlotte freshman Watson, who finished with 11 points, six rebounds, six assists and two steals, all career highs. “I was just being comfortable doing whatever it takes to help my team win the basketball game,” Watson said. “It’s been quite an adjustment, but I feel like I’m adjusting well and I’ve just got to keep doing what I’m doing.” “(Watson) has had to grow up quicker than a lot of freshmen that we’ve had, just because of the way our team is right now,” Richards said. “So kind of throwing him into the fire when we really didn’t expect that three or four months ago. So he’s done a good job embracing that role and being productive in that role. Erskine hit two baskets to pull to a 26-19 gap, then was held scoreless again for nearly 10 minutes. UNCP finished the half on a 17-0 run to take a 43-19 lead at the break, with Bradlee Haskell scoring five points to lead the six Braves who scored in the span. Haskell finished with 17 points to lead the Braves and dished three assists. “We knew they were going to play a pack line defense, so we just got the ball from one side to the next side and get the ball in the paint, and we just got good shots, and I just happened to knock them in,” Haskell said. UNCP scored the first seven points of the second half as well, including two baskets from Joe’l Pettiford, to go up 50-19 before Erskine ended its drought with a Zion Brown triple. UNCP would take its largest lead at 61-28 with 14:01 to go, adding to the lead with four points in the stretch from Jonathan Kurtas and a Steven Lassiter basket. Erskine, though, would close back to within 18 by going on a 19-4 run, making it 65-47 with 8:10 to go. Erskine was 6-for-8 from the floor including a pair of triples in the span, with Jayden Byrd leading the way with five points. The struggles were made all the more baffling for Richards considering the Braves were just three days removed from a win over No. 9 Lincoln Memorial, which he referenced postgame. “It’s one of those things that going into games, whether you’re playing against Lincoln Memorial or Erskine, you’ve got to have a championship level to you, a level of effort and focus, and we didn’t have it,” Richards said. “There were times where defensively we were comically bad. It’s extremely frustrating because I know what we’re capable of because we just did it.” A Watson 3 and an Elijah Cobb layup stopped the Flying Fleet’s run and put UNCP up 70-47. The Braves’ lead hovered around 20 points over the next few minutes until UNCP finished the game on a 14-4 run over the final 3:35, highlighted by the first collegiate basket for Pembroke native Connor Harris. The Braves had 10 players score five points or more in the win. Richards was particularly pleased with Jonathan Kurtas, who scored seven points with seven rebounds in just 10 minutes, and Steven Lassiter, who had eight points with five rebounds and eight minutes. “(Kurtas) just brings a lot of positive energy, he’s one of the best teammates I’ve ever been around and he makes these guys a lot more confident, he’s talking, he’s communicating, and he just played with a lot of effort tonight,” Richards said. “(Lassiter) has been playing really hard, and crashing the boards, making shots, he’s been much better defensively. ... You continue to do these things, play with that chip and play as hard as you can, there’s going to be minutes that become available.” Dallas Gardner scored 11 points with four rebounds for the Braves, Berenbaum scored nine points with five rebounds, Joe’l Pettiford flirted with a double-double with eight points and 10 rebounds, JaJuan Carr scored eight points with four assists, Cobb scored six points with five rebounds and three assists and Abraham scored five points with four assists. UNCP held a 51-27 rebounding advantage. Lovette scored 17 points with five rebounds to lead Erskine, Christian Monroe scored 13 points and Byrd had 10 points. UNCP will play its next three games on the road starting Tuesday at Belmont Abbey; they will also play Nov. 30 against Lees-McRae, who is using King’s facilities in Bristol, Tennessee in the aftermath of Hurricane Helene, and Dec. 7 at Mount Olive. “We can’t be on the road at Belmont (Abbey) or at Mount Olive or wherever, Lees-McRae, and lose our focus,” Richards said. “It happens a lot faster on the road. ... We use this as a way to learn that we’ve got to maintain a focus for 40 minutes, maintain an identity for 40 minutes, not 30 minutes, and if we can take that step forward, road or home, we should be able to have a good chance to compete and win.” Sports editor Chris Stiles can be reached at 910-816-1977 or by email at cstiles@robesonian.com. You can follow him on X at @StilesOnSports.
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New Orleans Pelicans star center Zion Williamson has started the conditioning phase of his rehab from a left hamstring strain and is expected to return to practice next week, the team announced Tuesday. Williamson, who is considered week-to-week, has been sidelined since Nov. 6. The two-time All-Star has played in just six games this season, averaging 22.7 points, 8.0 rebounds and 5.3 assists. New Orleans selected Williamson with the top overall pick in the 2019 NBA Draft. His time with the Pelicans has been marked by multiple injuries, starting with a torn meniscus during the preseason of his rookie year. Williamson has played in just 190 career games over five seasons, while also missing the entire 2021-22 campaign. He has averaged 24.6 points, 6.6 rebounds and 4.2 assists. This article first appeared on Field Level Media and was syndicated with permission.Dip in share of KY kids ready for kindergarten among findings in latest Kids Count data
State governors elected on the platform of the Peoples Democratic Party have called on President Bola Tinubu to review his administration’s economic policies to address current hardship in the land. The governors made the call in a communique issued in Jos, Plateau State, after their two-day meeting, which ended on Saturday. The Communique signed by Senator Bala Mohammed, Bauchi State Governor, who is the chairman of the Governor’s forum, read, “The Forum empathizes with Nigerians who are groaning under the oppressive economic hardship foisted on the nation by the policies and decisions of the APC-led Federal Government. “The Forum calls on the President to urgently review both macroeconomic and fiscal policies that will address the welfare and well-being of Nigerians. “The Forum wishes to pledge that all PDP Governors will continue to aggressively pursue policies and programs that will reduce the hardship and ensure progress and development.” The meeting, held at the Plateau State Government House, Little Rayfield, Jos, was attended by the principal organs of the party: l NWC, PDP-GF, BOT, NASS Forum, Former Governors Forum, Former Ministers’ Forum and other leaders of the party. The communique added, “The Forum notes the concerns of Nigerians, PDP founding fathers, elders and members of our great Party of seeming divisions within the ranks and files. The Forum wishes to state categorically that it remains resolute in its determination to ensure unity and cohesion of this great Party that Nigerians have come to trust as the best platform for democratic governance. “The Forum is constrained to accept the latest postponement of the National Executive Council (NEC) of the Party in empathy with our colleague, H.E. Governor Eno Bassey, whose late dear wife will be buried on the same day earlier scheduled for NEC. Once again, the Forum wishes to commiserate with our colleague and pray that God will grant him and the family the fortitude to bear this irreparable loss. Related News Tinubu, wife depart Brazil after G20 summit Osinbajo’s ex-aide urges Obasanjo to stop mocking successive presidents N’Assembly under fire as Nigeria’s debt hits N138tn “The Forum is strongly advising the NWC to call NEC by the first week of February 2025 to allow for elaborate consultations with critical stakeholders of the Party. The period between November and February is to address the existential problems confronting the Party, with a deliberate timeline of activities within the period under review to address issues of leadership and litigations confronting the Party. “The Forum notes with concern the rape of democracy in Edo Governorship elections. It is clear to everyone with a conscience that INEC manipulated results in favour of the APC candidate when, in fact, the majority of lawful votes were won by the PDP candidate, Mr. Asue Ighodalo. Meanwhile, we are still examining the documents in the Ondo elections, where the APC manipulated results after openly buying votes. The Forum calls on the judiciary to save Nigerian democracy and the National Assembly to look into our electoral laws to make it difficult for institutional sabotage of the will of the people. “The Forum recognises the good work that the majority of members of NASS are doing. NASS is therefore called upon to critically interrogate all bills to ensure fairness, equity, national balance and even development nationally. “The Forum commiserates with the Government and people of Plateau State on the recent Katako market fire incident, which destroyed properties worth millions of Naira. The Forum also commiserates with the Government and people of Jigawa State on the recent tanker expulsion whereby scores of people lost their lives, and several others were injured. “The Forum expresses its gratitude to the Government and People of Plateau State for not only hosting the meeting but extending to all the participants the hospitality for which Jos is reputed. In particular, the meeting commends the Government of the State for the visible and laudable transformation in social services, tourism and transportation that have taken place and ensures all Nigerians look forward, with GENUINE HOPE, to the replication of this not only presently but after 2027 when the party would reclaim its rightful position in the Nigerian political scene.” Our Correspondent reports that the Governors who attended the meeting included Senator Bala Mohammed (Bauchi State) – Chairman of the PDP Governors’ Forum; Caleb Mutfwang (Plateau State) – Host Governor; Agbu Kefas (Taraba State); Ahmadu Umaru Fintiri (Adamawa State); Seyi Makinde (Oyo State); and Dauda Lawal (Zamfara State). The Delta and Enugu state governors were represented by their deputies, Monday Onyeme and Ifeanyi Ossai, respectively.
President Andrea Langella of Juve Stabia and Daniel McClory, Executive Chairman of Brera Holdings PLC, announcing the partnership in Naples on December 9, 2024 Dublin, Ireland and Milan, Italy, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Brera Holdings PLC ("Brera Holdings") (Nasdaq: BREA), an Ireland-based, Nasdaq-listed, international holding company focused on expanding its global portfolio of men's and women's sports clubs through a multi-club ownership ("MCO") approach, today announced the details of its three-step acquisition process that will result in the acquisition of a majority equity ownership interest in Italian Serie B football club SS Juve Stabia SpA ("Juve Stabia" or "the Club"). Brera Holdings previously announced the signing of a binding term sheet for the Juve Stabia acquisition at a press conference in Naples on December 9, 2024, and it marks a significant expansion of the Company’s MCO model, strategically designed to drive operational synergies, enhance shareholder value, and unlock long-term growth opportunities. Juve Stabia, an historic Serie B football club celebrating 117 years of tradition, now known as “The Second Team of Naples,” continues to showcase its competitive strength, highlighted by last weekend’s 1-0 victory against Cesena FC. Juve Stabia now sits alone in fourth place in the Serie B table, with 28 points and 2 points over fifth-ranked US Cremonese – just behind Sassuolo, Spezia, and Pisa. The top three Serie B teams are promoted to Serie A at the end of the season, with the first two automatic qualifiers, and the third is determined by a playoff among teams finishing the season standings ranked three through six. Key Highlights of the Acquisition Process: Investments and Share Purchase Agreement (“SPA”) – Brera Holdings has agreed to acquire a majority stake in Juve Stabia through share capital and reserve increases in the Club. These will be made by Brera via cash payments and issuances of BREA’s shares in a three-step process that ensures a seamless transition and continuity in club management. These three steps, upon conclusion, will give Brera Holdings 22%, 38%, and ~52% ownership of the Club. Upon completion of these three steps, Brera will be the Club’s majority shareholder, and a Shareholder Agreement with the current sole owner, Andrea Langella, will further enable integration into its multi-club framework. The first step, giving Brera 22% ownership, is expected to conclude by December 31, 2024. Milestone-Based Compensation – The SPA includes provisions for additional compensation to Mr. Langella tied to performance-based milestones, such as qualification for Serie B promotion playoffs and promotion to Serie A. These incentives align Brera’s interests with Juve Stabia’s competitive success, reinforcing a focus on operational excellence. Final Closing and Majority Control – The acquisition will conclude with a third and final closing, scheduled for March 31, 2025. At that point, Brera Holdings will secure ~52% ownership, establishing Brera as the controlling shareholder and enabling immediate integration of the Club into the Company’s multi-club framework. This phased approach ensures a seamless transition and continuity in Club management and prepares the Club for an IFRS audit according to the PCAOB guidelines for SEC disclosure filings. Strategic Rationale for the Acquisition Brera’s acquisition of Juve Stabia underscores its commitment to scaling its MCO model, which targets achieving potential operational efficiencies, cost synergies, and streamlined talent development across its portfolio. By integrating Juve Stabia into this model, Brera strengthens its ability to enhance revenue growth and create long-term value for shareholders. “With Serie B’s expanding commercial prospects, Juve Stabia offers a compelling opportunity for growth,” said Daniel McClory, Executive Chairman of Brera Holdings. “We are excited to partner with local management and invest in this historic team to capitalize on player trading opportunities, potentially secure a position in the Serie B playoffs, and ultimately pursue promotion to Serie A, all of which would augment Club revenue and unlock further value for our investors.” Looking Ahead As Brera Holdings progresses through the Juve Stabia acquisition timeline, Mr. McClory said the Company remains committed to supporting the Club’s ambitions on and off the field. With a focus on scalable operations and strategic partnerships, we believe Brera is well-positioned to capitalize on emerging opportunities in the global football market. ABOUT BRERA HOLDINGS PLC Brera Holdings PLC (Nasdaq: BREA) is dedicated to expanding its social impact football business by developing a global portfolio of emerging football and sports clubs. Building on the legacy of Brera FC, which it acquired in 2022, the Company aims to create opportunities for tournament prizes, sponsorships, and professional consulting services. Brera FC, recognized as "The Third Team of Milan," has been crafting an alternative football legacy since its founding in 2000. The club also organizes the FENIX Trophy, a nonprofessional pan-European tournament acknowledged by UEFA. This tournament, which has been referred to as "the Champions League for amateurs" by BBC Sport, has garnered significant media coverage, including from ESPN. In its efforts to broaden its reach, Brera expanded into Africa in March 2023 by establishing Brera Tchumene FC in Mozambique, which quickly rose to the First Division after winning its post-season tournament. In April 2023, the Company acquired a 90% stake in the North Macedonian first-division team Fudbalski Klub Akademija Pandev, now known as Brera Strumica FC. Additionally, in June 2023, Brera made a strategic investment in Manchester United PLC, realizing a 74% gain. The Company has further diversified its portfolio by acquiring a majority stake in UYBA Volley, an Italian women's professional volleyball team, in July 2023, assuming control of Bayanzurkh Sporting Ilch FC, a Mongolian National Premier League team, which became Brera Ilch FC, in September 2023, and establishing a joint stock company for the North Macedonian women's football club Tiverija Strumica, now known as Brera Tiverija FC, a wholly-owned subsidiary of Brera Strumica FC, in June 2024. Most recently, Brera announced plans to acquire an Italian Serie B club, having signed a binding term sheet with SS Juve Stabia SpA, “The Second Team of Naples,” targeting an initial closing within 2024. With a focus on bottom-up value creation, innovation-driven growth, and socially impactful outcomes, Brera Holdings endeavors to position itself as a forward-thinking player in the global sports landscape. For more information, visit www.breraholdings.com . Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Actual results could differ materially from those described in these forward-looking statements due to a number of factors, including without limitation, the Company's ability to continue as a going concern, the popularity and/or competitive success of the Company's acquired football and other sports teams, the Company's ability to attract players and staff for acquired clubs, unsuccessful acquisitions or other strategic transactions, the possibility of a decline in the popularity of football or other sports, the Company's ability to expand its fanbase, sponsors and commercial partners, general economic conditions, and other risk factors detailed in the Company's filings with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update such forward-looking statements except in accordance with applicable law. Company Contact Information: Dan McClory, Executive Chairman, Brera Holdings PLC Email: dan@breraholdings.com Investor Relations Inquiries: Skyline Corporate Communications Group, LLC Scott Powell, President 1177 Avenue of the Americas, 5th Floor New York, New York 10036 Office: (646) 893-5835 Email: info@skylineccg.com Attachment President Andrea Langella of Juve Stabia and Daniel McClory, Executive Chairman of Brera Holdings PLC
SOUTH CAROLINA STATE 72, IU INDY 62
Suspect in the killing of UnitedHealthcare’s CEO struggles, shouts while entering courthouse ALTOONA, Pa. (AP) — The suspect in the killing of UnitedHealthcare’s CEO struggled with deputies and shouted while arriving for a court appearance in Pennsylvania a day after he was arrested at a McDonald’s and charged with murder. Luigi Nicholas Mangione emerged from a patrol car, spun toward reporters and shouted something partly unintelligible while deputies pushed him inside Tuesday. At the brief hearing, the defense lawyer informed the court that Mangione would not waive extradition to New York but instead wants a hearing on the issue. Mangione was denied bail. Brian Thompson, who led the United States’ largest medical insurance company, was killed last Wednesday as he walked alone to a Manhattan hotel for an investor conference. From wealth and success to murder suspect, the life of Luigi Mangione took a hard turn Luigi Nicholas Mangione was apparently living a charmed one: the grandson of a wealthy real estate developer, valedictorian of his elite Baltimore prep school and with degrees from one of the nation’s top private universities. Friends at an exclusive co-living space at the edge of touristy Waikiki in Hawaii where the 26-year-od Mangione once lived widely considered him a “great guy.” Pictures on his social media accounts show a fit, smiling, handsome young man on beaches and at parties. Now, investigators are working to piece together why Mangione diverged from a path of seeming success to make the violent and radical decision to gun down UnitedHealthcare CEO Brian Thompson in a brazen attack on a Manhattan street. Key details about the man accused of killing of UnitedHealthcare's CEO The 26-year-old man charged in last week’s killing of UnitedHealthcare’s CEO in New York City has appeared in a Pennsylvania courtroom. Luigi Nicholas Mangione was arrested Monday after a worker at a McDonald's in Altoona, Pennsylvania, notified police that he resembled the suspect in last Wednesday's killing of Brian Thompson. While being led into court to be arraigned Tuesday, Mangione shouted something that was partly unintelligible but referred to an “insult to the intelligence of the American people.” During the hearing in Hollidaysburg, Mangione was denied bail and his attorney said Mangione would not waive extradition. DA suggests unusual idea for halting Trump’s hush money case while upholding his conviction NEW YORK (AP) — Prosecutors are trying to preserve President-elect Donald Trump’s hush money conviction as he returns to office, and they're suggesting various ways forward. One novel notion is based on how some courts handle criminal cases when defendants die. In court papers made public on Tuesday, the Manhattan district attorney’s office proposed an array of options for keeping the historic conviction on the books. The proposals included freezing the case until he’s out of office, or agreeing that any future sentence wouldn’t include jail time. Another idea: closing the case with a notation that acknowledges his conviction but says that he was never sentenced and that his appeal wasn’t resolved because of presidential immunity. There's no immediate response from Trump's lawyers. Middle East latest: Israel bombs hundreds of sites across Syria as army pushes into border zone Israel says it bombed more than 350 military sites in Syria during the previous 48 hours, targeting “most of the strategic weapons stockpiles” in the country. Israeli Prime Minister Benjamin Netanyahu said the wave of strikes was necessary to keep the weapons from being used against Israel following the Syrian government’s stunning collapse. Israel also acknowledged its troops were pushing into a border buffer zone inside Syria, which was established after the 1973 Mideast war. However, Israel denied its forces were advancing Tuesday toward the Syrian capital of Damascus. Life in the capital was slowly returning to normal. People celebrated for a third day in a main square, and shops and banks reopened. Donald Trump is returning to the world stage. So is his trolling NEW YORK (AP) — President-elect Donald Trump’s recent dinner with Canadian Prime Minister Justin Trudeau and his visit to Paris for the reopening of the Notre Dame Cathedral were not just exercises in policy and diplomacy. For Trump, they were also prime trolling opportunities. Throughout his first term in the White House and his recent campaign to return there, the Republican has dished out provocative, antagonizing and mocking statements. Now that’s he’s preparing to return to the Oval Office, Trump is back at it, and his trolling is attracting more attention — and eyerolls. Report on attempts to kill Trump urges Secret Service to limit protection of foreign leaders WASHINGTON (AP) — A congressional task force looking into the assassination attempts against Donald Trump during his presidential campaign is recommending changes to the Secret Service. These include protecting fewer foreign leaders during the height of the election season and considering moving the agency out of the Department of Homeland Security. The 180-page report was released Tuesday. It constitutes one of the most detailed looks so far into the July 13 assassination attempt against Trump during a campaign rally in Pennsylvania and a second one in Florida two months later. South Korea's ex-defense minister is formally arrested over brief imposition of martial law SEOUL, South Korea (AP) — South Korea's previous defense minister has been formally arrested over his alleged collusion with President Yoon Suk Yeol and others in imposing martial law last week. Kim Yong Hyun resigned last week and has been detained since Sunday. He is the first person arrested in the case. Prosecutors have up to 20 days to determine whether to indict him. A conviction on the charge of playing a key role in rebellion carries the maximum death sentence. Kim is accused of recommending martial law to Yoon and sending troops to the National Assembly to block lawmakers from voting on it. Homes burn as wind-driven wildfire prompts evacuations in Malibu, California MALIBU, Calif. (AP) — Thousands of Southern California residents are under evacuation orders and warnings as firefighters battle a wind-driven wildfire in Malibu. The flames burned near seaside mansions and Pepperdine University, where students sheltering at the school’s library on Monday night watched as the blaze intensified. Officials on Tuesday said a “minimal number” of homes burned, but the exact amount wasn’t immediately known. More than 8,100 homes and other structures are under threat, including more than 2,000 where residents have been ordered to evacuate. Pepperdine University on Tuesday morning said the worst of the fire has pushed past campus. It was not immediately known how the blaze started. More beans and less red meat: Nutrition experts weigh in on US dietary guidelines Americans should eat more beans, peas and lentils and cut back on red and processed meats and starchy vegetables. That's advice from a panel of nutrition experts charged with counseling the U.S. government about the next edition of the dietary guidelines. The panel did not weigh in on the growing role of ultraprocessed foods that have been linked to health problems or alcohol use. But they did say people should continue to limit added sugars, sodium and saturated fat in pursuit of a healthy diet. Tuesday’s recommendations now go to federal officials, who will draft the final guidance set for release next year.Sebastian Zapeta, 33, who federal immigration officials said is a Guatemalan citizen who entered the US illegally, was arraigned in Brooklyn criminal court. He appeared briefly before a judge and wore a white jumpsuit over a weathered black hooded sweatshirt. He did not speak. He will remain jailed ahead of his next court date on Friday. The apparently random attack occurred on Sunday morning on a stationary F train at the Coney Island station in Brooklyn. Police said on Tuesday that identification of the victim was still “pending at this time”. Authorities say Zapeta approached the woman, who was sitting motionless in the train car and may have been sleeping, and used a lighter to set her clothing on fire. The woman quickly became engulfed in flames, while the suspect then sat at a bench on the subway platform and watched, according to police. Video posted to social media appeared to show the woman standing inside the train ablaze as some people look on from the platform, and at least one officer walks by. NYPD chief of transit Joseph Gulotta said that several officers had responded to the fire and one stayed to keep the crime scene “the way it’s supposed to be” while the others went to get fire extinguishers and transit workers. They were eventually able to douse the fire, but “unfortunately, it was too late”, Police Commissioner Jessica Tisch said — the woman was pronounced dead at the scene. During Zapeta’s court hearing on Tuesday, Assistant District Attorney Ari Rottenberg said Zapeta at one point fanned the flames on the woman using his shirt. He said a 911 call from a subway rider helped identify Zapeta. Mr Rottenberg added that under interrogation Zapeta claimed he did not know what happened, noting that he consumes alcohol. But he alleged that Zapeta identified himself to interrogators in images related to the attack. Zapeta was taken into custody on Sunday afternoon while riding a train on the same subway line after police got a tip from some teenagers who recognised him from images circulated by the police. A Brooklyn address for Zapeta released by police matches a shelter that provides housing and substance abuse support. The shelter did not immediately respond to a request for comment. Federal immigration officials said Zapeta had been previously deported in 2018 but at some point reentered the US illegally. The crime — and the graphic video of it that ricocheted across social media — deepened a growing sense of unease among some New Yorkers about the safety of the subway system in a city where many residents take the subway multiple times each day.
Apple Cash is more than just a peer-to-peer (P2P) payment service — it can be used to shop online, in stores or to make in-app purchases.
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