Video filmed in Port Macquarie by Alex McNaught shows flooding along the Hastings River. Source: Alex McNaught/Reuters
Video filmed in Port Macquarie by Alex McNaught shows flooding along the Hastings River. Source: Alex McNaught/Reuters
France is offering the owners of old, exhaust-belching cars the opportunity to hand over their vehicles for scrap in return for a 2,500 euro ($2,975.00) grant to buy an electric bicycle. Lawmakers in the National Assembly have just approved the measure in a preliminary vote. If adopted, France will become the first country in the world to offer people the chance to trade in an ageing vehicle for an electric or folding bicycle, the French Federation of Bicycle Users (FUB) said.
Britain's former prime minister David Cameron has said he accepted that communications with government needed to be done through formal channels after the row about his lobbying activities for Australian financier Lex Greensill deepened.Cameron, who was prime minister from 2010 to 2016, appointed the Australian banker as an adviser when he was in Downing Street.
genEquality, a research-driven nonprofit organization focused on activating equality and inclusion through art and culture announces its first unveiling. United States Representative Grace Meng, Queens District Attorney Melinda Katz, and State Assemblymember Nily Rozic will be in attendance.
(Bloomberg) -- Italian diagnostics company DiaSorin SpA agreed to acquire Luminex Corp. for about $1.8 billion, gaining the maker of Covid-19 testing kits and a greater foothold in the U.S. market.DiaSorin agreed to pay $37 a share in the all-cash transaction, according to a statement Sunday. That’s about 12% more than Luminex’s closing share price on April 9.Austin, Texas-based Luminex makes Covid-19 laboratory tests along with a suite of other biological testing technologies. In late March, it applied to the U.S. Food and Drug Administration for emergency approval of a lab test that combines tests for Covid-19 and the flu.“Luminex perfectly fits with our strategy to grow our positioning in the molecular diagnostics space,” DiaSorin Chief Executive Officer Carlo Rosa said in the statement. The purchase also gives it a bigger presence in North America, which accounted for about 37% of its sales in 2020, according to data compiled by Bloomberg.Like many companies in the lab-testing space, the pandemic has been a boon for Luminex’s business. The sale comes amid a pickup in health-care mergers, including among companies that make products for dealing with the coronavirus pandemic. The company had been exploring strategic options, including a potential sale, after receiving takeover interest from companies including DiaSorin, people familiar with the matter told Bloomberg News earlier this year.The transaction will be funded through a mix of cash and external financing. It’s expected to close in the third quarter and is subject to shareholder approval.On Sunday, DiaSorin signed a $1.1 billion term loan due in 2026 and a $500 million bridge loan due within 12 months with a group of banks including BNP, Citi, Mediobanca and UniCredit.Morgan Stanley advised DiaSorin, while Perella Weinberg worked for Luminex and Mediobanca provided a fairness opinion to DiaSorin’s board.(Adds CEO comment in fourth paragraph, more details throughout.)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.
Steph Curry had a special message for Aaron Taylor, the guest PA announcer who spent 26 years behind bars.
Tottenham Hotspur 1-3 Manchester United: Edinson Cavani and Mason Greenwood completed the visitors’ second-half comeback to deal a major blow in the top-four race
RADNOR, Pa., April 11, 2021 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors that a securities fraud class action lawsuit has been filed against Vroom, Inc. (NASDAQ: VRM) (“Vroom”) in the United States District Court for the Southern District of New York on behalf of those who purchased or acquired Vroom securities between June 9, 2020 and March 3, 2021, inclusive (the “Class Period”). Investor Deadline Reminder: Investors who purchased or acquired Vroom securities during the Class Period may, no later than May 21, 2021, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453 or Adrienne Bell, Esq. (484) 270-1435; toll free at (844) 887-9500; via e-mail at email@example.com; or click https://www.ktmc.com/vroom-class-action-lawsuit?utm_source=PR&utm_medium=link&utm_campaign=vroom Vroom operates an end-to-end ecommerce platform that sells fully reconditioned vehicles. The Class Period commences on June 9, 2020, when Vroom filed the prospectus for its initial public offering (“IPO”) with the U.S. Securities and Exchange Commission (“SEC”) on a Form 424B4, which incorporated and formed part of the registration statement for the initial public offering. According to the complaint, on March 3, 2021, Vroom announced its fourth quarter and full year 2020 financial results. Therein, Vroom reported that fourth quarter “Ecommerce Vehicle gross profit per unit decreased 13.1% to $878, driven primarily by lower sales margins, partially offset by improvements in inbound logistics and reconditioning costs per unit.” Vroom also reported that for the fourth quarter, its “[n]et loss increased 41.9% to $60.7 million.” During the accompanying earnings call, the defendants revealed that Vroom was suffering from serious sales and support bottlenecks which had severely constrained Vroom’s growth and profits per vehicle. Following this news, Vroom’s stock price fell $12.29 per share, or 27.9%, to close at $31.61 per share on March 4, 2021. The complaint alleges that, throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (i) Vroom was unable to sell a significant portion of existing inventory as a result of inadequate sales personnel and overreliance on third-party sales support; (ii) Vroom’s lack of adequate sales and support staff had resulted in severe growth constraints, degraded customer experience, lost sales opportunities and a greater than 10% increase in average days to sale for Vroom products; (iii) Vroom had been forced to mark down and liquidate existing inventory at fire sale prices; and (iv) as a result of the foregoing, the defendants’ positive statements about Vroom’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. Vroom investors may, no later than May 21, 2021, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. In order to be appointed as a lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com. CONTACT: Kessler Topaz Meltzer & Check, LLPJames Maro, Jr., Esq.Adrienne Bell, Esq.280 King of Prussia RoadRadnor, PA 19087(844) 887-9500 (toll free)firstname.lastname@example.org
Jose Mourinho says Paul Pogba should have been sent off as Tottenham fell to defeat at home to Manchester United. United came from behind to win in London, earning their 28th point of the season from a losing position as Spurs again let a lead slip. It could have been worse for Spurs, who were let off the hook by VAR for Edinson Cavani’s disallowed opening goal.
Eagle-eyed fans spotted one key piece missing from the ensemble though! 👀
Hideki Matsuyama's quest to become a national hero and Marc Leishman's attempt to chase the Japanese star down began in blustery and difficult winds at the Masters.Matsuyama sent Japanese golf fans into raptures with a blistering third round seven-under 65 to move to 11-under 205 and a four-shot overnight lead but conditions at Augusta National were far from simple as he hit the course on Sunday.
(Bloomberg) -- Former U.K. Prime Minister David Cameron David Cameron broke his silence over the controversy of his lobbying for Greensill Capital, defending his actions while recognizing “important lessons” to be learned from the backlash it provoked.“I thought it was right for me to make representations on behalf of a company involved in financing a large number of U.K. firms,” Cameron said in a statement running almost 2,000 words. “This was at a time of crisis for the U.K. economy, where everyone was looking for efficient ways to get money to businesses.”Cameron and government ministers have come under fire in recent weeks for their connections to Greensill, which specialized in financing supply-chain invoices and collapsed last month.An adviser to the company, Cameron lobbied Chancellor of the Exchequer Rishi Sunak to give Greensill access to Britain’s pandemic support program. He also arranged a private meeting with Health Secretary Matthew Hancock, after which a Greensill payment program was used in the National Health Service, according to the Sunday Times.U.K.’s Cameron Greensill Controversy Grows as Hancock Drawn In“In my representations to government, I was breaking no codes of conduct and no government rules,” he said.Cameron also said that upon further reflection, there were “important lessons” to be learned about how former ministers and prime ministers interact with the government, and that communications “need to be done through only the most formal of channels, so there can be no room for misinterpretation.”The question now is whether Cameron’s statement will be enough to stem the political fallout for the Conservative government of Prime Minister Boris Johnson, who at one time was close to Cameron before they parted ways over Brexit. The scandal risked compromising two senior figures in the prime minister’s inner circle.The Greensill affair has also fueled accusations of cronyism against the Tories, adding to criticisms of a lack of transparency when awarding contracts during the coronavirus pandemic. Many tenders were awarded without a competitive process and went to individuals or companies with connections to the Conservative Party, the National Audit Office said in November.“Every day brings fresh revelations about the culture of cronyism at the heart of this Conservative government,” Bridget Phillipson, the Labour Party’s shadow secretary to the Treasury said in an email “Through David Cameron, Greensill looks to have had the run of Government from Number 10 down, including access to millions of pounds of public money.”Lex Greensill’s Dreams of a $7 Billion Empire Unraveled in Days (1)The growing fallout from Cameron’s lobbying for Greensill comes ahead of local and mayoral elections on May 6, where Prime Minister Johnson’s Conservatives have an eight-point lead over Keir Starmer’s Labour Party, according to latest YouGov polling. Johnson is enjoying a bounce in popularity thanks to Britain’s successful vaccination program, though the lobbying controversy may puncture some goodwill among voters.The demise of Greensill has also put thousands of U.K. jobs at risk because the future of companies in Sanjeev Gupta’s GFG Alliance -- including steel mills in Britain -- is in doubt without access to Greensill’s financing. In his statement, Cameron said he feels “desperately sorry” for those affected.Cameron distanced himself from Greensill Capital in the statement, stressing he was not on its board and that he had met founder Lex Greensill no more than twice while he was prime minister. He defended the direct nature of his contact with the government, via text and e-mail, saying it was necessary because ministers “welcomed real time information and dialogue”.“It was a time of national crisis with fears about businesses’ access to credit,” he said. “Greensill Capital wanted to offer a genuine and legitimate proposal to help with this.”(Updates with more details and context from fifth paragraph.)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.
Victim’s death is being treated as ‘unexplained’
Scott McTominay refused to criticise referee Chris Kavanagh for his decision to deny Manchester United an early goal during their comeback win at Tottenham, though claimed it was “obviously” the wrong decision. Late goals by Edinson Cavani and Mason Greenwood sealed a 3-1 victory for United in north London on Sunday, cementing their place in the Premier League top-four.
China's failure to provide access to global health experts made the COVID-19 pandemic worse than it had to be, U.S. Secretary of State Anthony Blinken said on Sunday, and it was important to "get to the bottom" of the origin of the novel coronavirus. China did not give access to international experts or share information in real time to provide true transparency, Blinken said in an interview with NBC's "Meet the Press." As a result, the virus "got out of hand faster and with, I think, much more egregious results than it might otherwise," Blinken said.
The French government on Sunday condemned the defacing of an Islamic cultural centre in western France with Islamaphobic slogans, and said an attack on Muslims was an attack on the Republic. The tags, daubed on the side a building used as a prayer room in the city of Rennes, were found shortly before the Muslim holy month of Ramadan begins in France on Tuesday. Interior Minister Gerard Darmanin said it was a disgusting attack against the fundamental freedom to believe in a religion and that Muslims deserved the same protection as any other religious group in France.
Edinson Cavani’s late diving header saw Manchester United come from behind against Tottenham after the striker saw an opener controversially ruled out by VAR. United look certain to qualify for the Champions League, while defeat at home leaves Spurs highly unlikely to join him. Cavani had a goal controversially ruled out in a an otherwise dull first half shortly before Son Heung-min gave Tottenham a 40th-minute lead with their first shot on target.
Nomadland and Rocks lead the nominations for this year’s ceremony
Tottenham went down 3-1 to Manchester United to leave their top-four hopes and Jose Mourinho’s job hanging by a thread. In predictable fashion, Spurs squandered a lead to comeback kings United, who increased the pressure on leaders Man City with second-half goals from Fred, Edinson Cavani and Mason Greenwood. In a first-half mired with controversy, Spurs took the lead when Heung-min Son scored minutes after a Cavani goal was disallowed by the VAR for a Scott McTominay foul on the South Korean in the build-up.
Jordan Thompson has kicked off Australia's challenge at the Monte-Carlo Masters with a notable first round marathon triumph over the erratic but always dangerous Benoit Paire.Thompson had to battle for three hours and three minutes and fight back in a tiebreak decider in Sunday's marathon before eventually prevailing 6-4 6-7 (3-7) 7-6 (7-5) to book his second round berth.