The euro was close to a three-month high as the U.S. dollar on expectations of more monetary stimulus from the United States and a strengthening recovery elsewhere that pushed up riskier currencies. One of the currencies to watch was the New Zealand dollar, which was on course to reach its highest since June 2018. Worries about rising coronavirus cases have not provided the dollar with much support, as speculation grows that the Federal Reserve will act to support the economy through a tough winter before vaccinations become available.
The Speakers Market will grow by USD 29.28 bn during 2020-2024
Ollie Watkins last-gasp strike was controversially ruled out
HONG KONG, Dec. 01, 2020 (GLOBE NEWSWIRE) -- Tailor Insight, the fintech market research organization, recently released a research report "Snapchat's AR advertising technology and WIMI AI algorithm SDK give birth to a new social media ecosystem". With the rapid development of artificial intelligence (AI) technology, its related technologies, such as computer vision, natural language processing, intelligent speech, image recognition, have gained great development space. Among them, computer vision technology is the most popular among startups and investment institutions. The corresponding face recognition, intelligent image recognition, AR/VR, and other product technologies have become the new favorites of the industry. Social software company Snap said that more than 170 million users are using its augmented reality tools every day, and this is a sign that technology is becoming mainstream. Meanwhile, this number accounts for about three-quarters of Snapchat's user base. Snapchat is a social application for sending visual information, as well as watching shows and videos.Developers have created about 1 million different types of augmented reality filters to support Snapchat and other platforms. Shazam filters can help users find the song being played. During a Zoom video call, attendees can use Snapchat integration to show themselves as talking potatoes. Snap noted that the most popular filters have received billions of views.Snapchat has created about one million different types of augmented reality filters, and users can effortlessly use facial retouching functions to create specific environmental effects and specific filters. Recently, a new feature called Snap ML will allow developers to import machine learning models into filters to instantly recognize the scope of real objects and body parts. In this case, the ML model can enable realistic virtual shoe shots, making it easy for people to try on online.Snap has also developed an AR tool called Scan, which allows users to interact with digital content in the phone's camera. In addition, the company's partners have developed tools that allow Snapchat users to identify dog breeds and plants, or how to point their phones to find the meaning of words in foreign languages. It is worth mentioning that Google has a similar visual search technology.WIMI Hologram AR is one of the leading Hologram cloud integrated technology solution providers in China. The company provides multiple links of the Hologram AR technology, including Hologram visual AI synthesis, Hologram visual presentation, Hologram interactive software development, Hologram AR advertising, Hologram AR SDK payment, and Hologram face recognition.AI-MBT cloud platform, a cloud management platform developed by WIMI, is mainly used to provide AR 3D applications and Hologram entertainment services for enterprises, groups, organizations, or individuals. According to different application scenarios, the cloud platform is divided into two parts, that is, To B and To C. To C-side applications mainly provide WIMI Hologram Cloud AI-MBTNSDK and its plug-ins for mobile photography and APP applications to provide various personal value-added services. In the future, it can also be applied to AR/virtual reality/smart glasses, and DLP (digital light processing) Cast to the retina. It has the SDK plug-ins and a smart billing system.In terms of presentation devices, WIMI's AR Internet advertising are generally divided into three types: smartphones, tablets, and AR Hologram glasses. WIMI opens its API interface to high-quality customers. Through the API interface, the media platform can develop a series of customized system functions, including automated management of advertising resources, advertising resource analysis and internal system integration, customized special functions, and a single platform to manage multiple accounts. Media platforms can display their advertising space resources in front of advertisers in an all-round way. In addition, WIMI has set up a brand protection mechanism for media parties. WIMI platform, combined with AI-BMT's DMP data platform, can enable media platforms to optimize their advertising space resources.Since the first year of VR/AR development, the industry ecology has not yet matured, and the pattern is far from settled. In the context of smart interconnection, manufacturers with diversified consumer terminals may build differentiated advantages. The global and Chinese VR/AR industry is expected to usher in rapid development driven by all aspects of 5G commercial acceleration, terminal hardware upgrades, as well as increased consumer entertainment and social needs.About Tailor InsightTailor Insight provides easy and quick solutions that allow customers to capture, monitor, and audit market data from a holistic view down to an individual task on market research and industry trend insights. For more information, please visit http://www.TailorInsight.comMedia contact Alex Xie, Senior Analyst Fintech Research Team, Tailor Insight Research info@TailorInsight.com http://www.TailorInsight.com
Volkswagen, the world's largest vehicle maker by sales, risked a leadership crisis on Tuesday after Chief Executive Herbert Diess forced a vote of confidence in his reform efforts by asking for an early contract extension. The multi-brand car and truck maker is convening its Executive Committee to discuss Diess's demand for the contract extension, more than a year before his current term comes to an end in 2023, three sources told Reuters on Monday. The Austrian manager, who defected from BMW in 2015, and helped VW to reform after its diesel scandal with a 73 billion euro ($87 billion) electric vehicle investment plan, has grown frustrated with German labour leaders blocking cost cuts.
(Bloomberg) -- Bitcoin has shot to a record just as billions of institutional dollars have fled gold.Whether that’s a simple coincidence or the start of a rotation that would have a profound impact on crypto and the precious-metals market is impossible to know for sure. But the debate is now heating up on whether the world’s largest digital currency can one day rival bullion as an inflation hedge and portfolio diversifier.Bitcoin’s tumble last week, the biggest since March, after a 150% run-up this year underscores the famous volatility of the asset class that has kept mainstream investors at bay. Yet if they start moving just a small portion of their gold holdings into the $350 billion Bitcoin industry, it would be a game-changer for diversification strategies on Wall Street.Bitcoin Fights Back With Power, Speed and Millions of Users “Gold was really the safe asset of the past world and baby boomer generation,” said Jean-Marc Bonnefous, a former commodities hedge fund manager turned crypto investor. “Now it’s being replaced by automated assets like Bitcoin.”The digital currency is a trading ground for a motley crew of retail players, speculative pros and exotic quants, while traditional investors have hitherto stayed on the sidelines. That seems to be changing with Guggenheim Partners LLC just the latest manager to join the bandwagon, alongside Paul Tudor Jones and Stan Druckenmiller.Funds like family offices are selling their gold exchange-traded funds holdings for the digital currency, according to analysts at JPMorgan Chase & Co. Bullion-backed funds have dropped 93 tons of metal, worth some $5 billion since Nov. 6. Grayscale Bitcoin Trust, the preferred vehicle for institutional investors, has doubled in dollar terms since the start of August.Bitcoin Revival Unleashes Animal Spirits and $300,000 ForecastBitcoin’s market capitalization is currently only 3.1% the size of gold, according to James Butterfill, investment strategist at CoinShares, which sells investments in digital currencies. If that increased to 5%, it would imply a price of $31,300 compared to around $19,500 currently, he estimated.“Bitcoin is establishing itself as a credible store of value,” Butterfill said. “This is particularly appealing during this time of unprecedented loose monetary policy. For these reasons investors are naturally comparing it to gold.”Still, there are good reasons for bullion’s poor performance recently, like progress toward a coronavirus vaccine that has reduced demand for havens. With market-derived inflation expectations relatively stable, one conclusion might be that gold is simply moving along with animal spirits, while Bitcoin has been in a speculative fervor.The latter has also found a fan at the world’s largest asset manager -- evidence of its growing appeal on Wall Street. The currency is “here to stay” backed by demand among millennials and its strength as a medium of exchange, BlackRock Inc. Chief Investment Officer for Fixed Income Rick Rieder told CNBC in a recent interview. Trading Bitcoin “is so much more functional than passing a bar of gold around,” he added.One of the differences between the two is that all transactions can be viewed on the blockchain, while a large part of gold trade takes place on London’s over-the-counter market, where less data is available.“The transparency in Bitcoin is helping drive a lot of interest,” said Lyle Pratt, an independent investor who owns Bitcoin. “Gold is kind of like a blackbox, you have to trust the custodians to tell you about any flows in the market.”For Plurimi Wealth LLP’s Chief Investment Officer Patrick Armstrong, who allocates 6.5% of his discretionary funds into gold, even if Bitcoin has potentially bigger upside in an inflationary spiral, the risks are just too big. Gold also has a long history as a store of value that Bitcoin can’t match. There’s always the nagging suspicion that another, potentially central-bank backed, digital currency could supplant it.“If the debasement trade works, it is very possible Bitcoin works better,” he said. “But it is also possible Bitcoin has no value in years to come, while I do not think the same can be said of gold.”One thing that’s clear is Wall Street is taking Bitcoin seriously in a way that it didn’t in 2017. “I have changed my mind!” wrote Sanford C. Bernstein strategist Inigo Fraser-Jenkins in a report Monday. Bitcoin won’t replace gold, but there’s room for both, he said, especially if the future is one of inflation and extreme debt levels.“I see it as being complementary,” he said in an interview. “Whatever one’s starting position was before the pandemic in terms of what your gold and crypto allocation should be, I think it should be materially larger now.”(Updates Bitcoin price.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- SoftBank Group Corp. will become a significant shareholder in Sinch AB, as it takes over a 10th of the Swedish cloud-based platform provider behind an almost 300% stock-price surge this year.Sinch’s co-founders have agreed to sell SoftBank 5.2 million shares. SoftBank, via its subsidiary SB Management, also subscribed to an additional 1.2 million shares in a company sale that raised 3.3 billion kronor ($386 million).The 10.1% stake SoftBank now holds, bought at a discount, is worth about $780 million, based on Sinch’s market value. The Swedish company’s stock price gained as much as 5.7% in early Stockholm trading on Tuesday, before paring gains.Click Here for all the Details of the Sinch OfferingSinch has seen its fortunes transformed this year, turning it into the best performing company on the Stoxx 600 index as users flocked to its services during the pandemic. It’s one of a number of tech firms to have thrived during lockdowns as consumers relied more than ever on virtual communication to stay in touch with their employers, friends and families.The sellers are Cantaloupe AB, which is owned by Sinch co-founders Robert Gerstmann, Henrik Sandell, Kristian Mannik, as well as Bjorn Zethraeus, and Salvis Investment Limited, which is owned by another co-founder, Johan Hedberg. Erik Froberg and Neqst D1 AB are also selling, according to Monday’s statement.In connection with the sell-down, Cantaloupe’s and Neqst D1’s stakes will be consolidated into Neqst D2 AB, which will become the largest shareholder in Sinch.Sinch mandated Carnegie and Handelsbanken Capital Markets as joint bookrunners.Shares in Sinch had traded at 1,124 kronor on Monday. SoftBank paid 900 kronor a piece for its stake, and the new shares were sold at 1,050 kronor.(Adds opening share price in third paragaph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Manchester City will be missing Sergio Aguero when they travel to face FC Porto in the Champions League today. The Argentine has had a setback after returning from a knee injury against Olympiacos last week and missed Saturday’s 5-0 drubbing of Burnley. £40million summer signing Nathan Ake has recovered from a thigh injury and will make the trip to Portugal, meanwhile.
It was his first contact with another elephant in eight years.
Liverpool will remain without Thiago Alcantara against Ajax in the Champions League this evening. The Reds’ star summer signing has not featured since being hurt in the Merseyside derby in October and is now expected to be out until the New Year with a knee injury suffered in a challenge from Everton’s Richarlison. Jurgen Klopp has also provided an update on Virgil van Dijk’s recovery, saying the Dutchman’s knee “doesn’t look like a knee should” after surgery to repair ligament damage suffered in that same game at Goodison Park.
The Integrated Building Management Systems Market will grow by USD 10.7 bn during 2020-2024
Shares in Italy's UniCredit fell as much as 8% in early trade on Tuesday after Chief Executive Jean Pierre Mustier said he would leave at the end of his term in April due to divergences with the board over strategy. UniCredit announced late on Monday Chairman elect Pier Carlo Padoan and the board would start looking for a replacement. News of Mustier's departure comes on the backdrop of quickening consolidation in Italian banking, where the Treasury is looking for a buyer for bailed-out bank Monte dei Paschi.
DevOps continues to get a lot of attention as a wave of companies develop more sophisticated tools to help developers manage increasingly complex architectures and workloads. In the latest development, Databand -- an AI-based observability platform for data pipelines, specifically to detect when something is going wrong with a datasource when an engineer is using a disparate set of data management tools -- has closed a round of $14.5 million. Josh Benamram, the CEO who co-founded the company with Victor Shafran and Evgeny Shulman, said that Databand plans include more hiring; to continue adding customers for its existing product; to expand the library of tools that its providing to users to cover an ever-increasing landscape of DevOps software, where it is a big supporter of open source resources; as well as to invest in the next steps of its own commercial product.
Germany's benchmark 10-year bond yield hovered near three-week lows on Tuesday, while southern European debt yields kept record lows in sight ahead of inflation numbers expected to reinforce the case for more stimulus at next week's European Central Bank (ECB) meeting. Having risen in early November as news of a COVID-19 vaccine boosted hopes of recovery next year, government bond yields have drifted back down as global central bank officials have indicated stimulus will remain in place for some time.
The German was upset with the Reds’ schedule after featuring in the early kick-off on Saturday
COPENHAGEN, Denmark, Dec. 01, 2020 (GLOBE NEWSWIRE) -- Nordea Bank Abp has on 30 November 2020 received a notification under Chapter 9, Section 5 of the Securities Markets Act, according to which BlackRock, Inc.'s indirect shareholding of Nordea Bank Abp's shares and voting rights crossed the threshold of 5 per cent on 27 November 2020. According to the notification, the total number of Nordea Bank Abp's shares and voting rights held directly or through financial instruments by BlackRock, Inc. and its funds was 5.01 per cent on 27 November 2020.The total number of shares and voting rights in Nordea Bank Abp is 4,049,951,919.Total positions of BlackRock, Inc. and its funds: % of shares and voting rights (total of A)% of shares and voting rights through financial instruments (total of B)Total of both in % (A + B) Resulting situation on the date on which threshold was crossed or reached4.98%0.02%5.01% Position of previous notification (if applicable)N/AN/AN/A Notified details of the resulting situation on the date on which the threshold was crossed or reached:A: Shares and voting rightsClass/type of shares ISIN code (if possible) Number of shares and voting rights% of shares and voting rights Direct (SMA 9:5)Indirect (SMA 9:6 and 9:7)Direct (SMA 9:5)Indirect (SMA 9:6 and 9:7) FI4000297767 201,940,391 4.98% SUBTOTAL A201,940,391 4.98% B: Financial instruments according to SMA 9:6aType of financial instrumentExpiration dateExercise/ Conversion periodPhysical or cash settlementNumber of shares and voting rights% of shares and voting rights Securities lentN/AN/APhysical55,5740.00% CFDN/AN/ACash1,114,4670.02% SUBTOTAL B1,170,0410.02% The controlled undertakings through which the shares, voting rights and financial instruments are effectively held:Name% of shares and voting rights% of shares and voting rights through financial instrumentsTotal of both BlackRock Japan Co., Ltd. Below 5% BlackRock Investment Management, LLC Below 5% BlackRock Investment Management (UK) Limited Below 5% BlackRock Investment Management (Australia) Limited Below 5% BlackRock International Limited Below 5% BlackRock Institutional Trust Company, National Association Below 5% BlackRock Fund Advisors Below 5% BlackRock Financial Management, Inc. Below 5% BlackRock Asset Management North Asia Limited Below 5% BlackRock Asset Management Deutschland AG Below 5% BlackRock Asset Management Canada Limited Below 5% BlackRock Advisors, LLC Below 5% BlackRock (Netherlands) B.V. Below 5% For further information: Matti Ahokas, Head of Investor Relations, +358 9 53008011 Group Communication, +358104168023 or firstname.lastname@example.orgThe information provided in this stock exchange release was submitted for publication, through the agency of the contact persons set out above, at 09:00 EET on 1 December 2020.This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact email@example.com or visit www.rns.com.
Police have opened an investigation into the disappearance of a large wooden sculpture from a mountainside where it appeared without explanation years ago.
(Bloomberg) -- China’s economic offensive against Australia is partly designed to warn countries against vocally opposing Beijing’s interests, particularly with Joe Biden looking to unite U.S. allies. Yet it’s already showing signs of backfiring.China last week imposed anti-dumping duties of up to 212% on Australian wine, the latest in a slew of measures curbing imports from coal to copper to barley. Tensions escalated further on Monday after a Chinese Foreign Ministry official tweeted a fake photo of an Australian soldier holding a knife to the throat of an Afghan child.Australian Prime Minister Scott Morrison quickly called on China to apologize for the “repugnant” tweet. China’s Foreign Ministry spokesperson Hua Chunying, in turn, questioned whether he lacks “a sense of right and wrong” and said overall ties deteriorated because Australia “took wrong measures on issues bearing on China’s core interests.”To Beijing, the attacks on Australia are meant to deter others like Canada, the European Union and Japan from joining a U.S.-led campaign to counter China’s rise. Communist Party officials see Morrison’s government as one of their most vocal critics, and an easy target: China accounts for about 35% of Australia’s total trade, three times more than the next highest country, Japan. Australia accounts for less than 4% of China’s commerce.“It is only natural that China wants to sound some precautionary alarm” to warn countries off building an anti-China alliance, said Zhu Feng, professor of international relations at Nanjing University. “After all, confrontation is the least wanted by the world now.”China is betting that most Western countries will avoid provoking Beijing and risking the kind of trade retaliation Australia is suffering, particularly with their economies weighed down by the pandemic. At the same time, it has sought to strengthen ties with Japan, South Korea and nations in Southeast Asia, in part by offering more trade, investment in 5G networks and access to Covid-19 vaccines.Yet China’s moves are adding to worries about its use of economic coercion, and could end up pushing middle powers closer to the U.S. camp. President-elect Biden has vowed to rebuild relationships with allies damaged by Donald Trump’s “America First” policies, which in turn would make it more palatable for some allies to align more closely with his administration.“Biden is planning is to resume U.S. international policy after a four-year hiccup,” said Jeff Moon, the U.S.’s assistant trade representative for China for part of the Obama administration, adding that the scope of China’s actions against Australia was “breathtaking.”“The leverage is to work together,” he added. “That is what they most fear, and they see that coming.”While it’s still unclear how exactly that would work, several key groupings including the Quad -- the U.S., Japan, Australia and India -- as well as Five Eyes -- the U.S., Australia, U.K., Canada and New Zealand -- have been revived in recent years. New initiatives have also been floated, including one that would give countries an alternative to Huawei Technologies Co. for 5G networks and another that would find alternative supply chains to China.The Wall Street Journal reported in November that the Trump administration was formulating a joint retaliation plan that would allow the West to push back against the kind of economic coercion China is inflicting on Australia. The European Union also plans to call on the U.S. to seize a “once-in-a-generation” opportunity to forge a new global alliance that would counter China, the Financial Times reported Monday, citing a set of draft policy proposals.For its part, the Trump administration is continuing to pressure China with moves to prevent some of its biggest companies from accessing American technology. Senior officials have also stepped up visits to Asia ahead of the planned inauguration for Biden on Jan. 20: Following a visit to Japan in November, National Security Adviser Robert O’Brien said leaders in Tokyo saw the Quad as a “game changer.”“China against any individual country, including quite powerful countries like South Korea or Thailand or even Japan, China would be dominant,” said Malcolm Rifkind, a former British foreign secretary. “But in the real world when you have such a situation, your potential victims join up to ensure a collective and coordinated response.”‘Evil’ AustraliaPart of China’s aggressive response is for a domestic audience. State news agency Xinhua carried a commentary that called Morrison’s request for an apology “utterly absurd,” while the Communist Party’s Global Times called Australia “evil” in an editorial. Social media users on Weibo and Wechat commended Hua, the Foreign Ministry spokesperson, for exuding the “style of a great power” in her responses to repeated questions by foreign journalists.Still, in an early sign that Beijing’s Afghan tweet may have galvanized some of Australia’s partners into responding, New Zealand Prime Minister Jacinda Ardern said on Tuesday that her own diplomats had directly registered concern with Chinese authorities over the “unfactual post.” China rejected that, with Hua telling reporters in Beijing that she was “astonished” to hear about New Zealand’s comments.Lawmakers in the U.K. also condemned China’s actions, with former Conservative party leader Iain Duncan Smith urging Britain to do more to stand with Australia, the Sydney Morning Herald reported. A group he’s a member of consisting of lawmakers from a range of countries released a video urging people to drink Australian wine to stand up to China’s bullying.Beijing has also sought to distinguish between countries that step out of line, in effect playing them off each other. Earlier this year the Global Times said China should deliver “public and painful” retaliation to the U.K. for banning Huawei but avoid a full-fledged confrontation because it saw Britain as the “weak link” in the Five Eyes.In a phone call with his EU counterpart Josep Borrell last week, Chinese Foreign Minister Wang Yi also signaled the bloc should think twice before strengthening ties with the incoming Biden administration, as the two sides look to complete an investment treaty by the end of the year. “Strategic autonomy is a necessary character for staying independent,” Wang said, adding that it involves “opposing man-made ‘decoupling’, opposing confrontation among different blocs and a new ‘Cold War.’”Australia, on the other hand, has faced China’s unabashed wrath ever since Morrison’s government called for Beijing to allow independent investigators into Wuhan to discover the origins of Covid-19. Chen Hong, director of the Australian Studies Centre at East China Normal University who said he had his visa to Australia revoked this year because he was labeled a national security risk, said Australia’s actions differentiated it from New Zealand, which maintained relatively good ties with Beijing.“Australia has been purposefully echoing the Washington’s anti-China policy and coordinated with Trump’s strategic intentions,” Chen said.Call for TalksIn Canberra, Australian officials have said Morrison’s government is speaking out for its own interests regardless of the U.S. on issues like China’s increasing grip over Hong Kong and assertiveness in the South China Sea. Morrison himself has also sought to portray Australia as stuck in the middle of the U.S. and China -- a view also shared by Singapore Prime Minister Lee Hsien Loong, who said in an interview in November that many nations in Asia aren’t keen to join an anti-China bloc.Even after he called on China to apologize for the Afghan tweet on Monday, Morrison again sought to restart talks with Beijing without conditions. The next day he also warned government lawmakers against further amplifying the fight over the image, according to Australian Associated Press.“Countries around the world are watching this, they are seeing how Australia is seeking to resolve these issues and they are seeing these responses,” Morrison told reporters on Monday. “This impacts not just on the relationship here, but with so many other sovereign nations not only in our own region, but like-minded countries around the world.”The spat has only hardened attitudes toward China within Australia, to the point where even business groups have stopped pushing for warmer ties, according to Natasha Kassam, a former Australian diplomat who worked in China and is now a research fellow at the Sydney-based Lowy Institute. At the same time, she said, it’s “impossible to imagine” China apologizing to Australia.“While there may be an emboldening of countries in the region responding to China,” she said, “it’s equally likely that a number of countries will see the way in which Australia’s export industry has been punished and think twice about making their own criticisms.”(Updates with comments from Chinese spokeswoman in 16th paragraph, reports about PM Scott Morrison in fourth-to-last paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Bid date, 2020-12-01 Auction date2020-12-01 Settlement date2020-12-02 Maturity Date2020-12-09 Nominal amount380 billion SEK Interest rate, %0.00 Bid times09.30-10.00 (CET/CEST) on the Bid date Confirmation of bids to firstname.lastname@example.org The lowest accepted bid volume1 million SEK The highest accepted bid volume380 billion SEK Allocation Time10.15 (CET/CEST) on the Bid date Projected minimum liquidity surplus during the term844 billion SEK Expected excess liquidity at full allotment464 billion SEK Stockholm, 2020-12-01
Remote cardiac monitoring service Zio XT has been evaluated and positively recommended by NICESAN FRANCISCO and UNITED KINGDOM, Dec. 01, 2020 (GLOBE NEWSWIRE) -- iRhythm Technologies (NASDAQ: IRTC), a leading digital health care solutions company focused on the advancement of cardiac care, today announced it is the first technology to pass through a new digital health tech pilot, resulting in a successful recommendation for adoption from the National Institute for Health and Care Excellence (NICE). iRhythm’s Zio XT Service – a patient-friendly ambulatory cardiac monitor supported by deep learning algorithms – has been assessed as part of NICE’s first pilot project to evaluate digital health technologies. Zio XT has been positively recommended by NICE as an option for people with suspected cardiac arrhythmias who would benefit from ECG monitoring for longer than 24 hours.Published today, the guidance concluded that Zio XT is convenient and easy to wear, with greater patient compliance and improved diagnostic yield (a measure of how many people with cardiac arrhythmias are diagnosed) compared with standard 24-hour Holter monitoring. Clinical evidence showed that patients preferred Zio XT compared to current monitoring practice in the NHS, which usually involves wearing a continuous ECG monitor, such as the 24-hour Holter monitor. Estimates also suggest that using Zio XT is likely to be cost saving, or cost the same as using 24-hour Holter monitoring.Commenting on the news, Justin Hall, GM and VP EMEA at iRhythm said, “We are delighted that Zio has received such positive guidance from NICE in this first of its kind evaluation, especially at such a critical time. Throughout the COVID-19 pandemic we have seen a number of cardiac patients avoiding hospitals and suffering in silence, even when experiencing serious conditions such as strokes. This has led to a backlog of patients requiring care, putting additional pressure on medical staff and services.”“Fortunately, services like Zio can help ease this backlog, offering clinically-validated services remotely. Patients are not required to expose themselves to high-risk hospital environments, while staff can still offer the same continued level of care. It’s critical, therefore, that patients have access to these technologies and for clinicians to be able to implement them quickly and easily.”The guidance, which evaluates new, innovative medical devices and diagnostics, aims to help people in the NHS make efficient, cost-effective and consistent decisions about adopting new medical technologies. A positive NICE Medical Technologies Guidance opens the door for future support of the Zio service through the MedTech Funding Mandate, which aims to help accelerate the uptake of proven affordable innovations as part of the NHS Long Term Plan.iRhythm’s positive recommendation from the NICE digital health pilot builds on the company’s recent win of the UK government’s AI in Health and Care Award, in which iRhythm will utilise the funding to evaluate its Zio service in selected NHS sites across the UK. Throughout the three-year programme, clinical, pathway and economic outcomes will be monitored and evaluated in order to inform any future commissioning decisions around the adoption of Zio within the NHS.About iRhythm Technologies, Inc.iRhythm is a leading digital health care company redefining the way cardiac arrhythmias are clinically diagnosed. The company combines wearable biosensor devices worn for up to 14 days and cloud-based data analytics with powerful proprietary algorithms that distil data from millions of heartbeats into clinically actionable information. The company believes improvements in arrhythmia detection and characterization have the potential to change clinical management of patients.Media Contacts: Ellie Stansfield Hotwire for iRhythm Technologies email@example.comSaige Smith HighwirePR for iRhythm Technologies firstname.lastname@example.orgInvestor Relations Contact: Leigh Salvo Gilmartin Group email@example.com