Dog barks are transmitted from the dog's collar to an AI driven hub where it is translated into one of five emotions. Source: Reuters
Dog barks are transmitted from the dog's collar to an AI driven hub where it is translated into one of five emotions. Source: Reuters
HEAR earnings call for the period ending December 31, 2020.
Good everning, everyone, and thank you for joining us for Anika's Fourth Quarter and Year End Conference Call and Webcast. During today's call, Cheryl and Mike will review Anika's fourth quarter and year-end 2020 financial results with key business highlights, as well as discuss our view of 2021, and then we'll have time for questions.
(Bloomberg) -- China pledged to boost spending and drive research into cutting-edge chips and artificial intelligence in its latest five-year targets, laying out a technological blueprint to vie for global influence with the U.S.Chinese Premier Li Keqiang singled out key areas in which to achieve “major breakthroughs in core technologies,” including high-end semiconductors, operating systems, computer processors and cloud computing -- areas in which American firms now hold sway. Beijing will also aim to get 56% of the country on faster fifth-generation or 5G networks. Nationwide R&D spending will increase by more than 7% annually, which “is expected to account for a higher percentage of GDP” than during the previous five years, he added.China is moving quickly to cut its dependence on the West for crucial components like computer chips, an issue that became more urgent after a global shortage of semiconductors worsened during the pandemic. Beijing is also making big bets on emerging technologies from hydrogen vehicles to biotech while looking to ensure its own chipmakers can compete with the likes of Intel Corp. and Taiwan Semiconductor Manufacturing Co. That encompasses a new emphasis on silicon design software and so-called third-generation chipmaking -- two areas critical to Beijing’s drive to achieve technology self-sufficiency.“Innovation remains at the heart of China’s modernization drive,” Li said in an address to the National People’s Congress in Beijing on Friday. “We will strengthen our science and technology to provide strategic support for China’s development.”Li’s speech punctuated goals enumerated in China’s 14th five-year plan, also released Friday, which prioritized advances in younger spheres such as quantum computing, neural networks and DNA banks. The document enshrines a multi-layered strategy both pragmatic and ambitious in scope, embracing aspirations to replace pivotal U.S. suppliers and fend off Washington, while molding homegrown champions in emergent fields.Read more: China Sets Conservative Economic Growth Target of Above 6%At stake is nothing less than the future of the world’s No. 2 economy. Beijing is moving swiftly while the Biden administration escalates a battle against what it called “techno-autocracies.” That could extend or even expand blacklistings that banned key transactions with corporations from Huawei Technologies Co. to ByteDance Ltd. and Tencent Holdings Ltd.To a country that imports $300 billion of chips annually, a worsening global shortage drives home the risk of relying on potentially hostile suppliers for the building blocks of everything from AI to next-generation networks and autonomous vehicles. Friday’s report formalized China’s ambitions to develop its own software for semiconductor design -- supplanting tools from American firms Cadence Inc. and Synopsys Inc.It also pledged to develop its own advanced chip manufacturing technologies and key materials that comprise third-generation chips. The country aims to secure first-mover advantage in that nascent arena, involving compounds such as silicon carbide and gallium nitride and chips can operate at high frequency and in higher power and temperature environments, with broad applications in fifth-generation radio frequency chips, military-grade radar and electric vehicles.While specifics of that endeavor won’t emerge for months, Friday’s documents provided important clues about the envisioned roadmap. That includes building more national laboratories and innovation centers, as well as ramping up efforts to implement a little-heard of program called the Sci-Tech Innovation 2030 Agenda.Open sharing of data will be key, according to the report. Beijing is establishing a platform for sharing public and government data, while simultaneously crafting policies to ensure the security of that information.“Basic research is the wellspring of scientific and technological innovation,” Li said. “So we will ensure the stable functioning of funding mechanism for basic research and boost spending in this area by a considerable sum.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
China will construct a "Polar Silk Road" and actively participate in the development of Arctic and Antarctic regions, it said in its new 2021-2025 "five-year plan" published on Friday. The plan said China would "participate in pragmatic cooperation in the North Pole" and "raise its ability to participate in the protection and utilisation of the South Pole". China has been eyeing lucrative mineral resources as well as potential new shipping routes in Arctic regions, as ice caps recede as a result of rising temperatures.
China's state planner said on Friday that it would make the country's birth policy "more inclusive," while trying to reduce the costs of having children, amid mounting concerns over the country's rapidly ageing population. "We will implement the national strategy on addressing population aging, make our childbirth policy more inclusive, and strive to reduce the costs of child-bearing, rearing, and education," said the National Development and Reform Commission in its annual work report. The number of newborns in China plummeted 15% in 2020 from a year earlier, according to the Ministry of Public Security, with the onset of the novel coronavirus disrupting the economy and weighing on decisions to have a family.
Singapore's foreign minister said on Friday it was a "national shame" for the armed forces of a country to use weapons against their own people as he called on Myanmar's military rulers to seek a peaceful solution to the unrest in the country. "It is the height of national shame for the armed forces of any country to turn its arms against its own people," said Vivian Balakrishnan, repeating that Singapore was appalled by the violence against civilians in the country.
Asian markets took another blow Friday after Federal Reserve boss Jerome Powell failed to soothe fears of a surge in inflation fuelled by the expected global economic recovery, which many warn could force the central bank to hike interest rates earlier than thought.
(Bloomberg) -- China’s most senior officials are gathering in Beijing over the next week for the annual full-session of the country’s parliament, the National People’s Congress.On Friday morning, Chinese Premier Li Keqiang delivered his work report, the equivalent of the U.S.’s State-of-the-Union address. As part of that speech, Li unveiled a relatively conservative target for economic growth this year of above 6%. Meanwhile, China’s new five-year that runs through 2025 didn’t give a numeric target for average growth over that period.Also in focus are potential changes to the governance of Hong Kong, after it was revealed late Thursday that the NPC will review a proposal to overhaul the city’s electoral system. Although details of the proposal have yet to be made public, the move is likely to limit the ability of Hong Kong’s political opposition to win public office.What to Know:Click here to find our coverage of this year’s NPCPremier Li Keqiang’s work report is here in fullA QuickTake that explains what the NPC isWhat analysts say to watch out for this yearBloomberg Intelligence previews the NPCLatest developments: (Time-stamps are local time in Beijing)Events to Come: Foreign Minister, 5-Year Plan BriefingKey upcoming NPC events that have been announced so far include:March 7, afternoon -- Foreign Minister Wang Yi speaks to mediaMarch 8, 10:00 -- NDRC Vice Chairman Ning Jizhe discusses 14th five-year plan at briefingMore Charging Stations for Electric Cars (Friday 10:40)China aims to boost auto sales and add more charging facilities for electric vehicles this year. The government will encourage “steady increases” on spending on cars and “abolish excessive restrictions” on the sale of used vehicles, Premier Li Keqiang said Friday. More car parks, EV charging stations and battery-swapping facilities will be built, and battery recycling systems developed at a faster pace, Li said.Premier Calls for Breakthroughs in Core Tech (Friday 10:29)In his address Friday, Premier Li Keqiang outlined steps the government will take to make China into a global tech power. That includes building more national laboratories and innovation centers, as well as ramping up efforts to implement a little-heard of program called the Sci-Tech Innovation 2030 Agenda. Li also said China’s R&D spending will increase by more than 7% per year, which “is expected to account for a higher percentage of GDP” than during the previous five-year plan.Defense Budget Growth Fastest in Two Years (Friday 10:20)China’s defense spending is expected to grow 6.8% this year to 1.35 trillion ($208 billion), according a budget report released today. That would be the fastest pace in two years. “We will boost military training and preparedness across the board, make overall plans for responding to security risks in all areas and for all situations,” Premier Li Keqiang said in his work report.Boosting Trade with U.S. Allies (Friday 10:05)China may join an Asia-Pacific trade pact comprised of key U.S. allies that former President Donald Trump exited, Premier Li Keqiang said Friday. In his work report, Li said Beijing “will actively consider joining” the 11-nation agreement known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. It includes nations that China has sparred with recently such as Australia, Canada and Japan.China Stocks Fall 10% From Recent Peak (Friday 9:59)Chinese markets opened as Premier Li Keqiang was delivering his work report at the NPC and continued their recent slide, with the benchmark CSI 300 Index dropping as much as 2% at the start of trading. That put the index down 10% from a peak reached on Feb. 10. The rout has come amid growing concern that Beijing will begin to tighten liquidity conditions as the country’s economy recovers from the effects of the coronavirus.Targeting Cuts in Carbon Emissions (Friday 09:43)China will devise an action plan for carbon emissions to peak by 2030 and is targeting an 18% cut per unit of GDP by 2025, according to Premier Li’s work report. The nation will also aim for a 3% cut in energy consumption per unit of GDP in 2021 and a 13.5% reduction by 2025.Tencent’s Pony Ma Makes Proposals in Person (Friday 09:16)Tencent founder and Chief Executive Pony Ma, who is an NPC delegate, is attending this year’s event in Beijing and submitted a proposal for better preserving China’s natural resources. Ma’s whereabouts have attracted attention after he skipped last year’s NPC and was also absent from several major Tencent events due to health reasons.China Sets Modest GDP Target for 2021 (Friday 09:00)China set a conservative economic growth target of above 6% for the year, well below what economists forecast, and outlined ongoing fiscal support to keep the country’s recovery going. Other key economic targets include:Fiscal deficit target set at 3.2% of GDP for 2021, versus 3.6% in 2020CPI target set at 3% for 2021, versus around 3.5% in 2020Target for new urban job creation set at 11 million in 2021, versus 9 million in 2020Special government bond quota set at 3.65 trillion yuan in 2021, versus 3.75 trillion yuan in 2020Defense Spending, Vaccine Deals (Thursday 22:29)At a press conference the night before the NPC kicks off, spokesman Zhang Yesui reiterated that China maintains appropriate and steady increases of defense spending to safeguard the nation’s developmental interests, without giving a number for how much those outlays may increase in 2021. Zhang also said that 40 countries have discussed buying Covid vaccines from China, adding though that the country’s efforts aren’t driven by geopolitical agenda.Hong Kong Electoral Overhaul (Thursday 22:15)Late Thursday, the official Xinhua News Agency published an agenda for this year’s NPC that showed lawmakers would be considering a proposal to overhaul Hong Kong’s electoral system. While details of that plan have yet to be made public, the move is expected to limit the ability of the city’s political opposition to hold public office.NPC spokesman Zhang Yesui told reporters at a briefing after the agenda was published that developments over recent years in Hong Kong showed the electoral system needed to be improved to keep up with the times, and to provide a sound institutional guarantee for the implementation of the “one country, two systems” framework and the principle of “patriots administering Hong Kong.”CPPCC Doesn’t Mention ‘One Country, Two Systems’ (Thursday 15:00)Wang Yang, chairman of the Chinese People’s Political Consultative Conference and a member of the Politburo Standing Committee, didn’t mention the “one country, two systems” framework for governing Hong Kong during his address at the opening of the CPPCC’s session Thursday. Instead, Wang stressed the need to implement the principle of “patriots governing Hong Kong.” That comes amid a growing number of signs pointing to a possible overhaul of the city’s electoral system.Top Chinese Lawmakers Get Vaccinated (Thursday 14:50)More than 5,000 lawmakers and political advisers in Beijing for the annual parliamentary sessions this month have received shots of the vaccine developed by state-owned Sinopharm, company Chairman Yu Qingming told People’s Daily. The company’s production capacity is set to reach 3 billion doses, he added, without giving a time frame.Meanwhile, China has also recently expanded the use of home-developed shots to people 60 and older, and the drug regulator is reviewing newly submitted data from Sinopharm as it weighs whether to distribute the shot to children, Yu said.China’s Sovereign Fund Gains 12% (Thursday 13:49)China Investment Corp. posted a return of more than 12% on overseas investments in 2020 after markets rallied on loose monetary policies, marking a breakout year for the sovereign wealth fund, Executive Vice President Zhao Haiying said in an interview. Speaking to Bloomberg ahead of the CPPCC meeting where she’s a member, Zhao said she expects calmer markets this year after “a very unusual” 2020.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
West Coast coach Adam Simpson has urged suspended forward Willie Rioli to open up to the Eagles about how he is coping after his long-running AFL anti-doping case was resolved.Provisionally suspended since September 2019, Rioli was facing a ban of up to four years but on Thursday escaped with a two-year sanction for being guilty of substituting his urine during two separate drug tests.
The U.S. International Trade Commission (ITC) on Thursday criticized Ford Motor Co for pursuing battery contracts with SK Innovation after evidence had emerged the South Korean electric vehicle (EV) battery maker misappropriated trade secrets from cross-town rival LG Chem. It permitted SK to import components for domestic production of batteries for Ford's EV F-150 program for four years, and for Volkswagen of America’s MEB electric vehicle line for North America for two years.
The family of a Victorian cyclist killed by a speeding driver have recounted the pain of celebrating milestones without him.James Guzman, 21, has pleaded guilty to culpable driving causing the death of Jarryd Currie, 28, at Burnside Heights, in Melbourne's northwest in July 2019.
A school teacher who groomed and sexually abused a bullied teenage girl before scheming to become her legal guardian has been jailed by a Queensland court.Despite the illicit relationship, the man continued his teaching career for more than a decade before the allegations of abuse surfaced, and he was deregistered in 2019.
Zhang Zhan's footage of bedridden patients lining a hospital corridor in Wuhan gave a rare, unvarnished glimpse from China's coronavirus ground zero in the first months of the pandemic.
FOUR earnings call for the period ending December 31, 2020.
Ladies and gentlemen, thank you for standing by, and welcome to the Arbutus Biopharma Corporation fourth-quarter and year-end 2020 financial results and corporate update conference call. Good morning, and thank you for joining the Arbutus Biopharma fourth-quarter 2020 conference call and webcast. On the call today are Bill Collier, president and chief executive officer; Dr. Gaston Picchio, chief development officer; Dr. Michael Sofia, chief scientific officer; and Dave Hastings, chief financial officer.
SDC earnings call for the period ending December 31, 2020.
JAMF earnings call for the period ending December 31, 2020.
Before we begin, I want to remind everyone that certain statements made during this call are not based on historical information and may constitute forward-looking statements. When used in this conference call, the word believes, anticipates, expects and similar expressions are intended to identify forward-looking statements. Although the company believes that these forward-looking statements are based on reasonable assumptions, such statements are based on management's current expectations and beliefs and are subject to several trends, risks, and uncertainties that could cause actual results to differ materially from those contained in forward-looking statements.
Ladies and gentlemen, thank you for standing by, and welcome to the ViewRay fourth-quarter 2020 earnings conference call. Joining me today are Scott Drake, our president and chief executive officer; and Zach Stassen, our chief financial officer. Earlier today, ViewRay issued a press release and presentation for today's call.
(Bloomberg) -- A group of unsecured lenders to Hertz Global Holdings Inc. are proposing an alternative reorganization of the rental car company that would take it public, a move that counters a plan to sell the company to two investment funds for as much as $4.2 billion.The lenders want to convert their holdings in the bankrupt company into shares of the reorganized company, which could be traded publicly, the people said. If Hertz’s board were to accept that plan, it would supersede a bid from Knighthead Capital Management and Certares Management to buy the company.The group believes the Knighthead bid, which values Hertz at $4.85 billion, is too low, according to the people. Its members think Hertz has an enterprise value of $5 billion and would fetch more under their plan, one of the people said. The lenders have not submitted a formal proposal to Hertz and terms are still in flux, the people said.In one scenario being discussed, Hertz’s shares would become public upon emergence from bankruptcy, the people said.Members of the creditor group include Alliance Bernstein, Bank of America, Invesco, Fir Tree Partners, and JPMorgan Asset Management, according to court filings. Representatives for the lenders didn’t immediately respond to a request for comment.Competing PlansHertz’s board is in the early stages of evaluating proposals and will take the best bid, one of the people said. Discussions are preliminary and plans could fall apart in the coming days, the people said. Any plan would need approval in bankruptcy court.The New York Post earlier reported the discussions on the alternative proposal.The company started negotiating with creditors and potential buyers in November, according to court documents. After talking with three bidders, Hertz settled on Knighthead and Certares, who jointly have a travel-focused investment fund.After decades of mismanagement, Hertz filed for bankruptcy in May, unable to weather the blows from the pandemic that peers Enterprise Holdings Inc. and Avis Budget Group Inc. also experienced. One former top executive summed up the car rental company’s plight as a slow-moving train wreck.Knighthead and Certares’s position would include a direct investment, a rights offering participation and buying Hertz’s existing unsecured debt. The investors would own at least 51% of the common stock under the proposal, according to court documents. A hearing to approve the terms of the plan is scheduled for April 16.(Corrects to remove references to an initial public offering and clarifies in the third paragraph and second deck headline that no formal proposal has been submitted to Hertz.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.