Flooding risk and evacuation warnings have been in place for about 13 areas in New South Wales. VIDEO CREDIT: Alex McNaught, Roving-Eye.com Photography via REUTERS
Flooding risk and evacuation warnings have been in place for about 13 areas in New South Wales. VIDEO CREDIT: Alex McNaught, Roving-Eye.com Photography via REUTERS
Eon and LifePoint Health are collaborating on a program aimed at enabling earlier diagnosis and treatment of potentially catastrophic diseases.
The Centers for Disease Control and Prevention’s Advisory Committee on Immunization Practices meets to discuss Johnson & Johnson’s vaccine for coronavirus.
MVIS has licensed the MVIS Global Digital Assets Equity Index (ticker: MVDAPP) to VanEck for use in new digital transformation-focused ETF
The "Leadership Quadrant of Millimeter Wave Technology Suppliers - 2021" report has been added to ResearchAndMarkets.com's offering.
Coinbase opened for trading on the Nasdaq on Wednesday
The NWSL reportedly sent out a memo asking its board of governors to not comment on the Dash investigation.
Greece will make self-testing for COVID-19 compulsory for service workers in sectors including shops, restaurants and transport, authorities said on Wednesday, as the government looks to gradually reopen the economy. After starting mass distribution of home-testing kits for high school students and teachers before they returned to classes this week, testing will be extended to more workers, Greek ministers said on Wednesday. As well as retail, restaurant and transport staff, workers in cleaning services, hair salons and betting shops will be required to do one test a week from April 19, Labour Minister Kostis Hatzidakis told a weekly COVID-19 briefing.
The "Asia Pacific Bottled Water Market By Product (purified water, mineral water, spring water, sparkling water, distilled water, and other products), By Country, Industry Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.
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The "2021 Global Forecast for Valves, Intake and Exhaust, All Other Engine Types (2022-2027 Outlook) - Manufacturing & Markets Report" has been added to ResearchAndMarkets.com's offering.
The Federal Reserve will reduce its monthly bond purchases before it commits to an interest rate increase, Fed Chair Jerome Powell said on Wednesday, clarifying the order of monetary policy changes that are still months if not years in the future. The Fed is currently buying $120 billion a month in government-issued and government-backed securities, and has pledged to continue doing that until the economy is more fully recovered. That program will start to phase out before the Fed gets to the point of raising the target interest rate from its near zero level, the second major way in which the central bank currently supports the economy.
General Motors Co and South Korean joint-venture partner LG Chem Ltd will announce a second U.S. battery cell manufacturing plant on Friday, revealing plans for a $2.3 billion factory in Spring Hill, Tennessee, three people familiar with the matter said. The plant will use a different, more cost-effective battery chemistry than the one the companies will offer from the joint-venture plant they are building in Lordstown, Ohio, the sources said on Wednesday. The battery will be for the Cadillac Lyriq electric crossover vehicle that GM will begin building at its nearby Spring Hill assembly plant next year, the sources said.
(Bloomberg) -- The Federal Reserve will likely taper off its bond purchases before considering raising interest rates, Chairman Jerome Powell said.“We will reach the time at which we will taper asset purchases when we’ve made substantial further progress toward our goals from last December, when we announced that guidance,” Powell said Wednesday in a virtual event hosted by the Economic Club of Washington. “That would in all likelihood be before -- well before -- the time we consider raising interest rates. We haven’t voted on that order but that is the sense of the guidance.”Policy makers will wait until inflation has reached 2% sustainably and the labor-market recovery is complete before considering lifting interest rates, and the combination is unlikely to happen before 2022, he said. Their forecasts last month signaled rates being held near zero through 2023.“When the purchases go to zero, the size of the balance sheet is constant, and when bonds mature you reinvest them,” Powell said. “And then another step -- and we took this late in the day in the last cycle -- was to allow bonds to start to runoff. And we haven’t decided whether to do that or not.”Powell added that he doesn’t think the Fed would actually sell bonds into the market, something it also didn’t do during the recovery from the 2008 financial crisis.Patience PledgedPowell and his colleagues have pledged to be patient and maintain aggressive monetary policy support, even as the economic recovery from the pandemic picks up speed. That dovish view has helped U.S. stocks reach fresh record highs. Recent data has also painted a brighter picture as vaccinations spread and the economy reopens, with employers adding 916,000 jobs in March.“Most members of the committee did not see raising interest rates until 2024, but that isn’t a committee forecast, it isn’t something we vote on or or act on as a group -- it really is just our assessment,” Powell said. “Markets focus too much on what we call the economic predictions, and I would focus more on on the outcomes that we’ve described.”Fed policy makers substantially lifted their growth and employment forecasts at the central bank’s meeting last month. Their median estimate sees the economy expanding 6.5% this year and the unemployment rate declining to 4.5% by the end of 2021.Powell said the U.S. is going into a period of faster growth and job creation, and that the main risk is another spike in Covid-19 cases due to virus strains that may be more difficult to treat.The Fed chair said it would be wise to keep wearing masks and stay socially distanced “at least for a while longer.”Minutes of the central bank’s March meeting released April 7 said policy makers expect it will likely be “some time until substantial further progress” was made on employment and inflation. That refers to the tests they’ve set for scaling back bond purchases of $120 billion a month.(Updates with comment on sequence from first 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.
Belgium delayed beyond Friday the start of administering Johnson & Johnson COVID-19 vaccines at the company's request, the government said in a statement on Wednesday. The European Medicines Agency (EMA) expects to issue a recommendation on J&J next week after the U.S. drugmaker delayed its COVID-19 shot and Denmark was dropping a similar vaccine from AstraZeneca Plc over the risk of blood clotting. Belgium said it received the first 36,000 J&J shots earlier this week and was expecting 62,400 more this month, with deliveries for May and June still to be decided.
Food and beverage manufacturers are one step closer to launching sugar reduced products. Reb M Sugar Reduction solution in Europe. Rancho Santa Margarita, Calif., April 14, 2021 (GLOBE NEWSWIRE) -- Navigating sugar reduction solutions in Europe just got better for food and beverage brands. Today, SweeGen announced its next generation Bestevia Rebaudioside M (Reb M) stevia sweetener is in the final phase before the European Union publishes the approval in a few months. In anticipation of the published approval, SweeGen is fast tracking the commercial scale up of the non-GMO Bestevia Reb M at its manufacturing facility in Europe. The regulatory step is the last hurdle to satisfying the demand for the highly sought-after stevia sweetener in the EU. For the past few years, the company has been collaborating with major food and beverage manufacturers in Europe to explore application developments for creating sweet taste innovations. Now, the products are near ready to launch on the market. In conjuction with the anticipated Reb M approval, Sweegen launched its new Food and Beverage Applications Center in London in January 2021. The Center will be home to sugar reduction product development for brands in Europe. It will also serve as a creative center to explore and discover product innovations motivated by consumer trends and regional tastes. “Reaching this last stage in the EU regulatory approval process for our Bestevia Reb M is a key milestone in our journey to inspire new product launches, and provide confidence for brands that are in their final phases for creating great tasting, reduced sugar and healthier products,” said Michael Halvorsen, senior director of business development, EMEA. “Our new creative center in London allows us to help our customers reach their sugar reduction goals with new product innovations, and our European manufacturing facility in Europe enables the rapid commercialization of 3,000 metric tons of high-purity stevia per year.” Bestevia Reb M is great news for both consumers and brands. As consumers take action on reducing their sugar intake while demanding great taste, food and beverage manufacturers will have better sugar reduction solutions to meet their product challenges. “Regional access to sustainable Bestevia Reb M is very important as it provides a low cost-in-use sugar reduction solution to product developers, and with SweeGen as a supplier and applications collaborator, together, we can create consumer-winning products,” said Halvorsen. Non-GMO stevia sweeteners have led the way in replacing sugar in foods and beverages, nutritional products, and many other market products world-wide. Innova market research reported that in France, from Jan. 2019 to Aug. 2020, sports nutrition product launches using stevia increased by 43%. SweeGen offers brands cost-effective and rapid innovation for sugar reduction solutions for beverage, dairy, savory and bakery with its Bestevia Taste Solutions for Europe. SweeGen is the first company to receive the Eueopean Food Safety Authority (EFSA) panel’s safety status for any steviol glycoside produced by alternative and sustainable technologies. To achieve high purity clean-tasting stevia leaf sweeteners, SweeGen uses a bioconversion process starting with stevia leaf. This process enabled SweeGen to obtain the Non-GMO Project verification for its Bestevia stevia sweeteners in the US market. “We are happy to move into this final approval step with the EU Commission because it provides our customers with confidence they need to proceed with their new product development and launches for sugar reduced innovation in Europe,” said Hadi Omrani, director of regulatory affairs. Bestevia Reb M was commercialized in 2017 and has already been approved in many regions around the world. ### About SweeGen SweeGen provides sweet taste solutions for food and beverage manufacturers around the world. We are on a mission to reduce the sugar and artificial sweeteners in our global diet. Partnering with customers, we create delicious zero-sugar products that consumers love. With the best next generation stevia sweeteners in our portfolio such as Bestevia® Rebs B, D, E, I, M, and N, along with our deep knowledge of flavor modulators and texturants, SweeGen delivers market-leading solutions that customers want and consumers prefer. For more information please contact firstname.lastname@example.org and visit SweeGen’s website, www.sweegen.com. Cautionary Statement Concerning Forward-Looking Statements This press release contains forward-looking statements, including, among other statements, statements regarding the future prospects for Reb M stevia leaf sweetener. These statements are based on current expectations, but are subject to certain risks and uncertainties, many of which are difficult to predict and are beyond the control of SweeGen, Inc. Relevant risks and uncertainties include those referenced in the historic filings of SweeGen, Inc. with the Securities and Exchange Commission. These risks and uncertainties could cause actual results to differ materially from those expressed in or implied by the forward-looking statements, and therefore should be carefully considered. SweeGen, Inc. assumes no obligation to update any forward-looking statements as a result of new information or future events or developments. Attachment Reb M sugar reduction solution in Europe CONTACT: Ana Arakelian SweeGen, Inc. 949-635-1991 email@example.com
The "North America Tonic Water Market By Flavor (Plain and Flavored), By Distribution Channel (Off-trade, On-trade and Online Retail), By Packaging Form (Cans and Bottles), By Country, Industry Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.
American Paradigm Schools Announces Phased Reopening of Four Philadelphia Charter Schools
Lawyers say ministers took months to act on fire safety warnings despite order to comply within 28 days
(Bloomberg) -- Texas came uncomfortably close to another round of rolling blackouts Tuesday night because grid operators misjudged the weather.The Electric Reliability Council of Texas, which manages most of the state’s grid, had counted on a mild cold front sweeping the state, lowering demand for power. It didn’t happen. As a result, demand on the grid was about 3,000 megawatts higher than anticipated -- or the equivalent of 600,000 homes.The forecasting error, coming as 25% of power generation was off line for seasonal repairs, was another grim reminder of the vulnerability of Texas’s grid. Two months ago, a deep winter freeze knocked out almost half the state’s generating capacity, leaving millions of people in the dark for days. But Tuesday’s weather was hardly extreme, and the close call has raised questions about whether the grid operator, known as Ercot, can prevent a repeat of the February energy crisis.“It’s a disgrace for a power grid in modern times to struggle to keep the lights on during a mild day,” said Daniel Cohan, an associate professor of environmental engineering at Rice University. “We’ll be in trouble when a summer heat wave comes in and demand is one-and-a-half times as much as it was yesterday.”Shoulder SeasonWeather typically usually doesn’t have a big impact on electricity demand in spring and fall. Those are the so-called shoulder seasons when customers are neither cranking their heaters nor blasting their air conditioners. On Tuesday, temperatures in Dallas, Brownsville and Houston were moderately higher than normal, reaching or exceeding 80 degrees Fahrenheit (27 Celsius). That, combined with a dearth of generation, prompted Ercot to ask for conservation efforts for almost four hours.“Yesterday was an odd day,” said Matt Rogers, president of the Commodity Weather Group LLC in Bethesda, Maryland. “There were thunderstorms in West Texas that kept wind generation lower than normal. They are going to have another West Texas wind dip today, but not as much as yesterday.”Texas has long taken a laissez-faire approach to its power grid, allowing market forces -- rather than regulations -- to ensure there’s enough power on hand to satisfy demand. State lawmakers have been reluctant to rethink that method as they consider addressing the problems that led to the crisis in February.Yet the market is designed to operate with thin reserve margins. Unless lawmakers intervene to change that, weather will continue to beget volatility and chaos, said Katie Bays, an analyst at FiscalNote Markets.“Texas is a goat rodeo,” Bays said in an interview. “The state doesn’t want to intervene in the market, but the way that Ercot is operating is a feature -- not a bug.”Role of RenewablesErcot officials emphasized during a press call Tuesday that the amount of generation down for maintenance wasn’t unusual for this time of year, as utilities often schedule repairs for the spring when weather is mild and demand is lower. They added that solar and wind generation came in lower than expected Tuesday, a claim that may be used as ammunition by Texas lawmakers who view renewable energy as inherently less reliable than that from fossil fuels.Clean-energy advocates pushed back on Ercot’s explanation. Thought solar output was weaker than normal on Tuesday, it actually met or exceeded the forecast for most of the day, according to the Advanced Power Alliance. Wind generation similarly met or exceeded forecasts for most of the day, said Jeff Clark, the group’s president.“We have close to half of our state’s thermal generation off line for maintenance, and that’s what killing us,” he said, referring to coal, gas and nuclear plants. “We have plenty of generation in the state, but it has to run.”Tests AheadThe coming weekend may present another test for grid operators. Temperatures are set to dip into the 40s across Dallas, Fort Worth and Austin and fall to the 50s in Houston and San Antonio. While hardly the frigid readings that sparked the winter crisis in Texas in February, that could drive heating demand that’s largely powered by electricity in the state.“That’s chilly for them for late April and could invoke a bit of overnight to morning heating demand,” Rogers said.Summer could be ever worse. Already, almost 75% of Texas is gripped by drought, and more than 91% is abnormally dry. Drought makes heat worse because the sun’s energy goes into warming the air rather than evaporating ground moisture.“This doesn’t bode well for summer when they are already issuing these kind of alerts,” said Jim Rouiller, lead meteorologist at the Energy Weather Group. “The cold killed people. The heat will kill a lot more people.”(Adds detail beginning in the seventh 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.
RADNOR, Pa., April 14, 2021 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors of MultiPlan Corporation (NYSE: MPLN; MPLN.WS) (“MultiPlan”) f/k/a Churchill Capital Corp. III (“Churchill III”) that a securities fraud class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of: (1) those who purchased or acquired MultiPlan securities between July 12, 2020 and November 10, 2020, inclusive (the “Class Period”); and (2) all holders of Churchill Capital Corp. III (“Churchill III”) Class A common stock entitled to vote on Churchill III’s merger with and acquisition of Polaris Parent Corp. and its consolidated subsidiaries consummated in October 2020 (the “Merger”). Lead Plaintiff Deadline: April 26, 2021 Website:https://www.ktmc.com/multiplan-corp-securities-class-action-lawsuit?utm_source=PR&utm_medium=link&utm_campaign=multiplan Contact:James Maro, Esq. (484) 270-1453 Adrienne Bell, Esq. (484) 270-1435 Toll free (844) 887-9500 Churchill III was formed in October 2019 as a special purpose acquisition vehicle. On February 14, 2020, Churchill III completed its initial public offering, selling 110 million ownership units to investors for gross proceeds of $1.1 billion (the “IPO”). Pursuant to the IPO prospectus, Churchill III was required to acquire a target business with an aggregate fair market value of at least 80% of the assets held in trust from the IPO proceeds and to do so within two years of the IPO. The complaint alleges that on November 11, 2020, one month after the close of the Merger, Muddy Waters published a report on Churchill III titled “MultiPlan: Private Equity Necrophilia Meets The Great 2020 Money Grab”, which was based on extensive non-public sources such as interviews with former MultiPlan executives and other industry experts, as well as proprietary analysis. The report revealed, in part, that: (1) MultiPlan was in the process of losing its largest client, UnitedHealthcare, which was estimated to cost Churchill III up to 35% of its revenues and 80% of its levered free cash flow within two years; (2) MultiPlan was in significant financial decline because of its fundamentally flawed business model, which profited from excessively high healthcare costs; (3) UnitedHealthcare had purportedly launched a competitor, Naviguard, to reduce its business with MultiPlan and bring the over-priced and conflicted services offered by MultiPlan inhouse; and (4) MultiPlan had suffered from material, undisclosed pricing pressures that had caused it to slash the “take rate” it charged customers in half in some instances and falsely characterized revenue declines as “idiosyncratic” when in fact they were due to sustained, negative pricing trends afflicting MultiPlan’s business. Following this news, the price of Churchill III’s securities declined. By November 12, 2020, the price of Churchill III’s Class A common stock fell to a low of just $6.12 per share, nearly 40% below the price at which shareholders could have redeemed their shares at the time of the shareholder vote on the Merger. MultiPlan investors may, no later than April 26, 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