Tanzania's President John Magufuli had not been seen in public for weeks. Source: Reuters
Tanzania's President John Magufuli had not been seen in public for weeks. Source: Reuters
Pub gardens and restaurants with outdoor dining have opened as further lockdown restrictions were eased on Monday. From April 12 shops, hairdressers, nail salons, libraries, gyms and outdoor hospitality venues such as beer gardens were allowed to reopen. Most outdoor attractions, such as zoos and theme parks, can reopen, and funerals can continue with up to 30 people, and the numbers able to attend weddings, receptions and commemorative events such as wakes will rise from six to 15.
Shareholder rights law firm Robbins LLP announces that a purchaser of CytoDyn Inc. (OTC: CYDY) filed a class action complaint against the Company and its officers and directors for alleged violations of the Securities Exchange Act of 1934 between March 27, 2020 and March 9, 2021.
The United States reported an 8% rise in new cases of COVID-19 to 490,000 last week, the fourth week in a row that infections have increased, according to a Reuters analysis of state and county data. In the week ended April 11, Michigan reported the highest number of new cases per capita of all 50 states and also led the country in hospitalizations per capita. Around 39% of new cases in Michigan were of the more contagious B.1.1.7 variant of the virus first identified in the United Kingdom, the highest percentage in the United States, according to CDC data collected over a four-week period that ended on March 13.
Cardiac Insight, Inc., a healthcare innovator specializing in wearable cardiac sensors and proven automated electrocardiogram (ECG) analysis, remains committed to delivering highly differentiated benefits to healthcare providers and all patients, including underserved populations. The company remains optimistic despite the recent April 10, 2021 updates to the original January 29, 2021 reimbursement rate decision published by Medicare Administrative Contractor (MAC) Novitas Solutions (Novitas) and First Coast Service Options (First Coast) for CPT codes 93241, 93243, 93245, and 93247.
Temasek and BlackRock, Inc. (NYSE:BLK) today announced that they have agreed to establish a partnership called Decarbonization Partners. The partnership will launch a series of late stage venture capital and early growth private equity investment funds that will focus on advancing decarbonization solutions to accelerate global efforts to achieve a net zero economy by 2050.
DENVER, April 12, 2021 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced plans to host a conference call to discuss first quarter 2021 operating and financial results. The Company plans to issue its news release after market close on Wednesday, May 5, followed thereafter by additional materials. The release and materials will be available on the Company’s website, www.pdce.com. Conference Call and Webcast:Date/Time: Thursday, May 6, 2021 at 11:00 a.m. ETDomestic (toll free): 877-312-5520 International: 1-253-237-1142 Conference ID: 1178458Webcast: available at www.pdce.com Replay Information:Domestic (toll free): 855-859-2056 International: 1-404-537-3406 Conference ID: 1178458Webcast Replay: available for six months at www.pdce.com About PDC Energy, Inc. PDC Energy, Inc. is a domestic independent exploration and production company that acquires, explores and develops properties for the production of crude oil, natural gas and NGLs, with operations in the Wattenberg Field in Colorado and Delaware Basin in west Texas. Its operations in the Wattenberg Field are focused in the horizontal Niobrara and Codell plays and our Delaware Basin operations are primarily focused in the horizontal Wolfcamp zones. Contacts: Kyle Sourk Director Corporate Finance & Investor Relations 303-318-6150 email@example.com
SHANGHAI, China, April 12, 2021 (GLOBE NEWSWIRE) -- Dear Shareholders: Thank you for your continuing support and confidence in Baozun’s people and leadership. Demonstrating resilience, flexibility and commitment The Covid-19 pandemic made 2020 a year of challenge and uncertainty. However, we have been able to offer seamless and uninterrupted, quality services to our brand partners. I am deeply proud of the tenacity and flexibility our organization displayed during the pandemic. In fact, the pandemic to some degree helped to shift consumer behavior from offline to online channels. Not only does China have the largest number of online e-commerce users in the world with over 750 million people shopping digitally, but online penetration is also deepening, to a record 24.9% in 2020, according to the National Bureau of Statistics of China. These figures reflect that online shopping has become deeply embedded in the daily life of Chinese consumers. Rooted in our vision of “Technology empowers future success,” we were able to develop systematic, technology-driven business contingency plans as well as innovative tactical solutions to help our brand partners weather the impact of the pandemic, and seize the opportunities of the rapidly evolving e-commerce environment. We have seen our brand partners both achieve success and accelerate their digital transformation. As the leading service partner in brand e-commerce, we believe Baozun played an important role in advancing the market objectives of our brand partners during a complex period, and are ideally positioned to continue supporting them as China’s e-commerce market evolves. 2020: A year of high-quality growth We prioritized a strategy of high-quality growth throughout 2020. During the year, we optimized our brand portfolio to allocate resources, identified new categories to promote topline growth, and improved operating efficiency by reengineering our processes and streamlining operations. Digitalization and innovation will continue to play a vital part as we expand our competitive moat. In 2020, our dual focus on innovation and productization was the driver for seamless integration, digitalization and intelligence of our services. We were pleased to see significant progress in our Retail Operation Support System, or ROSS, automation application, in launching a rich portfolio of one-click toolkits, and its integration into consolidated operations, driving overall operational efficiency and optimizing business process reengineering. Over the past few years, we have constructed a comprehensive Digital Operating Platform, or DOP, that integrates our IT infrastructure, AI applications and data intelligence capabilities. As a third-party service provider, our infrastructure and unrivalled technology uniquely position us to help brand partners execute comprehensive omni-channel strategies and we are particularly pleased with our progress during the year. For the first time, our non-Tmall channels accounted for over 25% of total annual GMV, of which non-official.com GMV surpassed 10% for the first time. We have seen the rapid growth of new and emerging channels and believe such channels have the potential to be among our future growth drivers. These efforts translated into a number of records in 2020. We generated RMB8.9 billion in total net revenue, a 21.6% year-over-year growth rate. Our brand acquisition momentum continued at a strong pace, bringing us up to 266 brand partners across a wide range of categories at the end of 2020. More importantly, we delivered a 45% rise in non-GAAP operating profit, and also generated a second consecutive year of both positive operating cash flow and free cash flow. Overall, 2020 was a remarkable year for Baozun and we are pleased with our accomplishments. We achieved record results across every key metric of our business while continuing to help our brand partners accelerate digital transformation in the ever-evolving China e-commerce industry. In addition, we completed a secondary listing on the Hong Kong Stock Exchange in September, which gave us a solid cash foundation to pursue future growth and marked a new era for us in terms of broadening our access to capital. We believe that our achievements in 2020 created a solid foundation for future growth. Strategic focus for 2021 and beyond We are continuing our commitment to a high growth strategy for sustainable and profitable growth in 2021 and beyond. To capitalize on the expanding China e-commerce opportunities and to achieve our objectives, we are launching a three-to-five-year medium-term strategic plan. The three key pillars of the strategic plan are: First, we will adopt a “customer-first” approach to drive growth by focusing on service differentiation to meet the diversified needs of our brand partners. We will explore business opportunities and implement customer segmentation strategies to attract potential new business from both existing and new brand partners. Secondly, we will drive growth through the expansion of new businesses. We believe that as e-commerce in China evolves, there will be increasing opportunities to explore new channels. In the meantime, we will continue to explore new business models leveraging these new channels. Thirdly, we will seek even greater optimization of our cost structure, through technology driven business process reengineering and service-quality-oriented location strategy. Overall, we will bear in mind our long-term objective – delivering sustainable and profitable growth for our shareholders. We view 2021 as a unique year full of opportunities, and a year in which we will invest for our future. We will actively look for opportunities in new channels, new categories and new business models along with other opportunities to generate synergies with our current business, both organically and inorganically. We will continue to enhance our infrastructure enablers, including technology, digital marketing and warehouse and logistics, to further strengthen our competitive advantage. We will also put more emphasis on environmental, social and governance initiatives, and I personally chair our recently established sustainability committee to support our growth from a long-term and sustainable perspective. In addition, “delivering quality through developing people” is rooted in our culture and values. “Delivering quality” deepens our value proposition to brand partners, while “developing people” ensures our Baozun family members can grow and develop. We truly believe that our people are our greatest assets, and we are planning to move our headquarters to a brand-new campus of over 40,000 square meters in the second half of 2021 to accommodate our growing team, support future business expansion and nurture a culture of cutting-edge innovation. Finally, I would like to thank you again – our shareholders – for your long-term interest and support. We remain committed to our vision of “Technology empowers future success” and will continue to pursue our journey of sustainable and profitable growth through disruptive innovation. We are more motivated than ever and will continue to work hard for you. We are excited about the opportunities ahead and expect to have a tremendous 2021 with your help. Sincerely, Vincent Wenbin QiuChairman and Chief Executive OfficerBaozun Inc. Safe Harbor Statements This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets,” “guidance,” “going forward,” “outlook” and similar statements. Statements that are not historical facts, including quotes from management in this announcement and statements about the Company’s strategies and goals, are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s operations and business prospects; the Company’s business and operating strategies and its ability to implement such strategies; the Company’s ability to develop and manage its operations and business; competition for, among other things, capital, technology and skilled personnel; the Company’s ability to control costs; the Company’s dividend policy; changes to regulatory and operating conditions in the industry and geographical markets in which the Company operates; and other risks and uncertainties. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission and Company’s announcements, notice or other documents published on the website of The Stock Exchange of Hong Kong Limited. All information provided in this press release is as of the date of this press release and are based on assumptions that the Company believes to be reasonable as of this date, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. About Baozun Inc. Baozun Inc. is the leader and a pioneer in the brand e-commerce service industry in China. Baozun empowers a broad and diverse range of brands to grow and succeed by leveraging its end-to-end e-commerce service capabilities, omni-channel coverage and technology-driven solutions. Its integrated one-stop solutions address all core aspects of the e-commerce operations covering IT solutions, online store operations, digital marketing, customer services, and warehousing and fulfillment. For more information, please visit http://ir.baozun.com. For investor and media inquiries, please contact: Baozun Inc.Ms. Wendy SunEmail: firstname.lastname@example.org ChristensenIn ChinaMr. Rene VanguestainePhone: +852-6686-1376E-mail: email@example.com In U.S.Ms. Linda BergkampPhone: +1-480-614-3004Email: lbergkamp@ChristensenIR.com
QUINCY, Mass., April 12, 2021 (GLOBE NEWSWIRE) -- In response to a public health advisory issued by the U.S. Department of Agriculture (USDA), Stop & Shop encourages customers to discard Nature’s Promise 94% lean, 6% fat ground turkey with use by/freeze by/sell by dates of Jan. 1, 2021, Jan. 3, 2021, Jan. 4, 2021, Jan. 8, 2021 and Jan. 10, 2021 on the front of the package. Stop & Shop received notice from our supplier and the USDA that the products, which are now more than 90 days past their use by/freeze by/sell by dates, may have caused Salmonella Hadar illness. These packages were likely purchased from Stop & Shop between Dec. 20, 2020, and Jan. 10, 2021. Customers who purchased the impacted product should not consume it and may return it to a Stop & Shop store and/or call Customer Service at 1(800) 767-7772 for a full refund. About Stop & ShopA neighborhood grocer for more than 100 years, Stop & Shop offers a wide assortment with a focus on fresh, healthy options at a great value. Stop & Shop's GO Rewards loyalty program delivers personalized offers and allows customers to earn points that can be redeemed for gas or groceries every time they shop. Stop & Shop customers can choose how and where they want to shop - whether in-store or online for delivery or same day pickup. The company is committed to making an impact in its communities by fighting hunger, supporting our troops, and investing in pediatric cancer research to help find a cure. The Stop & Shop Supermarket Company LLC is an Ahold Delhaize USA Company and employs 58,000 associates and operates more than 400 stores throughout Massachusetts, Connecticut, Rhode Island, New York and New Jersey. To learn more about Stop & Shop, visit www.stopandshop.com. CONTACT: Media Contact: Stefanie Shuman: firstname.lastname@example.org
NEW YORK, April 12, 2021 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of MultiPlan Corporation f/k/a Churchill Capital Corp. III (NYSE: MPLN, MPLN.WS, CCXX, CCXX.WS, CCXX.U): (i) between July 12, 2020 and November 10, 2020, inclusive (the “Class Period”); and (ii) all holders of 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 (collectively, “MultiPlan”), which merger was consummated in October 2020 (the “Merger”) of the important April 26, 2021 lead plaintiff deadline. SO WHAT: If you purchased MultiPlan securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the MultiPlan class action, go to http://www.rosenlegal.com/cases-register-1983.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email email@example.com or firstname.lastname@example.org for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 26, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience or resources. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020 founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) MultiPlan was losing tens of millions of dollars in sales and revenues to Naviguard, a competitor created by one of MultiPlan’s largest customers, UnitedHealthcare, which threatened up to 35% of the Company’s sales and 80% of its levered cash flows by 2022; (2) sales and revenue declines in the quarters leading up to the Merger were not due to “idiosyncratic” customer behaviors as represented, but rather due to a fundamental deterioration in demand for MultiPlan’s services and increased competition, as payors developed competing services and sought alternatives to eliminating excessive healthcare costs; (3) MultiPlan was facing significant pricing pressures for its services and had been forced to materially reduce its take rate in the lead up to the Merger by insurers, who had expressed dissatisfaction with the price and quality of MultiPlan’s services and balanced billing practices, causing the Company’s to cut its take rate by up to half in some cases; (4) as a result of the foregoing, MultiPlan was set to continue to suffer from revenues and earnings declines, increased competition and deteriorating pricing dynamics following the Merger; (5) as a result of the foregoing, MultiPlan was forced to seek continued revenue growth and to improve its competitive positioning through pricey acquisitions, including through the purchase of HST for $140 million at a premium price from a former MultiPlan executive only one month after the Merger; and (6) as a result of the foregoing, Churchill III investors had grossly overpaid for the acquisition of MultiPlan in the Merger, and MultiPlan’s business was worth far less than represented to investors. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the MultiPlan class action, go to http://www.rosenlegal.com/cases-register-1983.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email email@example.com or firstname.lastname@example.org for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 email@example.com firstname.lastname@example.org email@example.com www.rosenlegal.com
SÃO PAULO, Brazil, April 12, 2021 (GLOBE NEWSWIRE) -- Vasta Platform Limited (“Vasta” or the “Company”) (NASDAQ: VSTA) today announced the resignation for personal reasons of Clovis Poggetti Junior as its chief financial officer and investor relations officer and the appointment of Bruno Giardino to serve as the Company’s chief financial officer and investor relations officer. Mr. Clovis Poggetti Junior will continue in the Company until April 23, 2021, during which period he will transfer his activities to Bruno Giardino. Mr. Giardino joins the Company after having served as the investor relations officer for the Company’s parent company, Cogna Educação S.A., since March 2020. Previously, Mr. Giardino had served for over ten years as a sell-side investment analyst for Banco Santander and Bank of America, specializing in the education and healthcare sectors, in addition to serving as a partner of the investment fund Miles Capital. He holds a bachelor’s degree in Chemical Engineering from the Escola Politécnica of the Universidade de São Paulo. “We are grateful for the time Clovis has spent with us. His role in the transition from private to a public company has been very important and we wish him all the best,” said Mário Ghio Junior, chief executive officer of Vasta. VASTA’S MISSIONOur mission is to help private K-12 schools to be better and more profitable, supporting their digital transformation. ABOUT VASTAVasta is a leading, high-growth education company in Brazil powered by technology, providing end-to-end educational and digital solutions that cater to all needs of private schools operating in the K-12 educational segment, ultimately benefiting all of Vasta’s stakeholders, including students, parents, educators, administrators and private school owners. Vasta’s mission is to help private K-12 schools to be better and more profitable, supporting their digital transformation. Vasta believes it is uniquely positioned to help schools in Brazil undergo the process of digital transformation and bring their education skill-set to the 21st century. Vasta promotes the unified use of technology in K-12 education with enhanced data and actionable insight for educators, increased collaboration among support staff and improvements in production, efficiency and quality. For more information, please visit ir.vastaplatform.com. CONTACTInvestor Relations+55 11 3133 firstname.lastname@example.org FORWARD-LOOKING STATEMENTSThis press release contains forward-looking statements that can be identified by the use of forward-looking words such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend,” “estimate” and “potential,” among others. Forward-looking statements appear in a number of places in this press release and include, but are not limited to, statements regarding our intent, belief or current expectations. Forward-looking statements are based on our management’s beliefs and assumptions and on information currently available to our management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to of various factors, including (i) general economic, financial, political, demographic and business conditions in Brazil, as well as any other countries we may serve in the future and their impact on our business; (ii) fluctuations in interest, inflation and exchange rates in Brazil and any other countries we may serve in the future; (iii) our ability to implement our business strategy and expand our portfolio of products and services; (iv) our ability to adapt to technological changes in the educational sector; (v) the availability of government authorizations on terms and conditions and within periods acceptable to us; (vi) our ability to continue attracting and retaining new partner schools and students; (vii) our ability to maintain the academic quality of our programs; (viii) the availability of qualified personnel and the ability to retain such personnel; (ix) changes in the financial condition of the students enrolling in our programs in general and in the competitive conditions in the education industry; (x) our capitalization and level of indebtedness; (xi) the interests of our controlling shareholder; (xii) changes in government regulations applicable to the education industry in Brazil; (xiii) government interventions in education industry programs, that affect the economic or tax regime, the collection of tuition fees or the regulatory framework applicable to educational institutions; (xiv) cancellations of contracts within the solutions we characterize as subscription arrangements or limitations on our ability to increase the rates we charge for the services we characterize as subscription arrangements; (xv) our ability to compete and conduct our business in the future; (xvi) our ability to anticipate changes in the business, changes in regulation or the materialization of existing and potential new risks; (xvii) the success of operating initiatives, including advertising and promotional efforts and new product, service and concept development by us and our competitors; (xviii) changes in consumer demands and preferences and technological advances, and our ability to innovate to respond to such changes; (xix) changes in labor, distribution and other operating costs; our compliance with, and changes to, government laws, regulations and tax matters that currently apply to us; (xx) the effectiveness of our risk management policies and procedures, including our internal control over financial reporting; (xxi) health crises, including due to pandemics such as the COVID-19 pandemic and government measures taken in response thereto; (xxii) other factors that may affect our financial condition, liquidity and results of operations; and (xxiii) other risk factors discussed under “Risk Factors.” Forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update them in light of new information or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances or to reflect the occurrence of unanticipated events.
RADNOR, Pa., April 12, 2021 (GLOBE NEWSWIRE) -- Safeguard Scientifics, Inc. (NYSE:SFE) (“Safeguard” or the “Company”) today announced the exit of our ownership interest in Zipnosis. Safeguard received $3.3 million of initial cash proceeds and a preferred equity interest in Bright Health Group, a national integrated healthcare company (“Bright Health”). The majority of the consideration we received in the transaction is reflected in this preferred equity interest. Additional cash proceeds may be received from the final determinations of net working capital and the resolution of various escrow contingencies. Safeguard will report a gain on the sale of the Zipnosis ownership interest for the quarter ended March 31, 2021, based on the total value received from the transaction. “We are excited about this transaction and the prospects for Safeguard of being a Bright Health shareholder. We also want to congratulate Zipnosis’ Founder and CEO, Jon Pearce, and all of the Zipnosis employees on achieving this milestone. We wish them the best of luck as part of the Bright Health team,” commented Safeguard CEO Eric Salzman. Safeguard deployed an aggregate of $10.0 million to Zipnosis beginning in December 2015. About Safeguard Scientifics Historically, Safeguard Scientifics has provided capital and relevant expertise to fuel the growth of technology-driven businesses. Safeguard has a distinguished track record of fostering innovation and building market leaders that spans more than six decades. Safeguard is currently pursuing a focused strategy to value-maximize and monetize its ownership interests over a multi-year time frame to drive shareholder value. For more information, please visit www.safeguard.com. About Bright Health GroupBright Health Group is building the national, integrated healthcare system of the future by integrating financing, care delivery services and technology to create a better performing healthcare experience for physicians and consumers. As a national integrated healthcare platform, we offer diversified health products and managed care services to over 500,000 consumers in 14 states and more than 50 markets. By aligning with our Care Partners, we provide consumers access to personalized care teams tailored to their individual needs. We deliver high quality virtual and in-person clinical care to over 220,000 patients through our approximately 40 managed and affiliated advanced risk-bearing primary care clinics. We give providers the tools they need to optimize their practices and deliver valued-based care to the patients they serve. Driving it all is our person-centric, intelligent technology platform which connects consumers, payers and providers with the common purpose of lowering healthcare costs while improving outcomes, experience and access. We are making healthcare right. Together. Learn more at www.brighthealthgroup.com. Forward-looking StatementsExcept for the historical information and discussions contained herein, statements contained in this release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Our forward-looking statements are subject to risks and uncertainties. Forward-looking statements include, but are not limited to, statements regarding Safeguard’s ability to maximize the value of monetization opportunities of its ownership interests and drive total shareholder returns. Safeguard’s initiatives taken or contemplated to enhance and unlock value for all of its shareholders, Safeguard’s efforts to execute on and implement its strategy to streamline its organizational structure, reduce its operating costs, pursue monetization opportunities for ownership interests and maximize the return of value to its shareholders, Safeguard’s ability to create, unlock, enhance and maximize shareholder value, the effect of Safeguard’s management succession plan on driving increased organizational effectiveness and efficiencies, the ability of the management team to execute Safeguard’s strategy, the availability of, the timing of, and the proceeds that may ultimately be derived from the monetization of ownership interests, Safeguard’s projections regarding the reduction in its ongoing operating expenses, Safeguard’s projections regarding annualized operating expenses and expected severance expenses, monetization opportunities for ownership interests, and the amount of net proceeds from the monetization of ownership interests that will enable the return of value to Safeguard shareholders after satisfying working capital needs and the timing of such return of value. Such forward-looking statements are not guarantees of future operational or financial performance and are based on current expectations that involve a number of uncertainties, risks and assumptions that are difficult to predict. Therefore, actual outcomes and/or results may differ materially from those expressed or implied by such forward-looking statements. The risks and uncertainties that could cause actual results to differ materially include, among others, our ability to make good decisions about the monetization of our ownership interests for maximum value or at all and the return of value to our shareholders, our ability to successfully execute on our strategy to streamline our organizational structure and align our cost structure to increase shareholder value, whether our strategy will better position us to focus our resources on the highest-return opportunities and deliver enhanced shareholder value, the ongoing support of our existing ownership interests, the fact that our companies may vary from period to period, challenges to achieving liquidity from our ownership interests, fluctuations in the market prices of our publicly traded holdings, if any, competition, our inability to obtain maximum value for our ownership interests, our ability to attract and retain qualified employees, market valuations in sectors in which our ownership interests operate, our inability to control our ownership interests, our need to manage our assets to avoid registration under the Investment Company Act of 1940, risks, disruption, costs and uncertainty caused by or related to the actions of activist shareholders, including that if individuals are elected to our Board with a specific agenda, it may adversely affect our ability to effectively implement our business strategy and create value for our shareholders and perceived uncertainties as to our future direction as a result of potential changes to the composition of our Board may lead to the perception of a change in the direction of our business, instability or a lack of continuity that may adversely affect our business, and risks associated with our ownership interests, including the fact that most of our ownership interests have a limited operating history and a history of operating losses, face intense competition and may never be profitable, the effect of economic conditions in the business sectors in which Safeguard’s companies operate, and other uncertainties described in our filings with the Securities and Exchange Commission. Many of these factors are beyond the Company’s ability to predict or control. As a result of these and other factors, the Company’s past operational and financial performance should not be relied on as an indication of future performance. The Company does not assume any obligation to update any forward-looking statements or other information contained in this press release. ### CONTACT: SAFEGUARD CONTACT: Mark Herndon Chief Financial Officer (610) 975-4913 email@example.com
Reuters News is set to name one of its top editors, Alessandra Galloni, as its next editor-in-chief, the first woman to lead the globe-spanning news agency in its 170-year history. A native of Rome, Galloni, 47, will replace Stephen J. Adler, who is retiring this month after leading the newsroom for the past decade. A speaker of four languages, and with broad experience covering business and political news at Reuters and previously at the Wall Street Journal, Galloni takes the helm as the news agency faces an array of challenges.
A native of Rome, Galloni, 47, will replace Stephen J. Adler, who is retiring this month after leading the newsroom for the past decade. A speaker of four languages, and with broad experience covering business and political news at Reuters and previously at the Wall Street Journal, Galloni takes the helm as the news agency faces an array of challenges. Since 2008, Reuters has been part of Thomson Reuters Corp, a corporation with more-lucrative and faster-growing segments than news.
As a greater share of the transportation market becomes electrified, companies have started to grapple with how to dispose of the thousands of tons of used electric vehicle batteries that are expected come off the roads by the end of the decade. It’s engineered a “closed loop” process to turn that recycled material into nickel-manganese-cobalt cathodes to sell back to battery manufacturers. Battery Resourcers’ business model has attracted another round of investor attention, this time with a $20 million Series B equity round led by Orbia Ventures with injections from At One Ventures, TDK Ventures, TRUMPF Venture, Doral Energy-Tech Ventures and InMotion Ventures.
The FCC has had a speed test app since 2013, but under Acting Chair Jessica Rosenworcel it's asking that more Americans download and use the software.
Sevilla have twice came from behind to beat Celta Vigo 4-3 and move to within four points of third-placed Barcelona in La Liga.The away victory gave Sevilla a 14-point gap over both fifth-place Real Sociedad and sixth-place Real Betis, practically securing them the final qualification spot for the Champions League with eight rounds remaining.
Microsoft makes a big healthcare tech acquisition, Twitter is building a presence in Africa and Apple may be cooking up some new smart home products. Microsoft announced this morning that it's acquiring speech-to-text company Nuance Communications for $19.7 billion. It seems like the real focus here is on healthcare — Microsoft announced a Cloud for Healthcare last year, while Nuance's industry products include Dragon Ambient eXperience, Dragon Medical One and PowerScribe One for radiology reporting.
Stock futures opened in slightly positive territory Monday evening following a mild session of market moves earlier in the day, with the S&P 500 and Dow closing narrowly below record levels.
(Bloomberg) -- Microsoft Corp. is buying speech-recognition pioneer Nuance Communications Inc. in an all-cash deal valued at $19.6 billion, gaining artificial-intelligence technology aimed at helping doctors predict patients’ needs and upgrading hospitals’ digital record-keeping.The software giant is offering to purchase Nuance at $56 a share, a 23% premium to Friday’s close, according to a statement Monday, which confirmed an earlier Bloomberg report. The deal marks Microsoft’s largest acquisition since LinkedIn Corp.The transaction value is derived by the $56 a share multiplied by about 350 million fully diluted shares of Nuance, including stock options and stock awards. The acquisition will decrease earnings by less than 1% in the year that begins July 1 and start to add to profit the following year, Microsoft said.Microsoft is tapping the company tied to the Siri voice technology to develop solutions that free doctors from note-taking and better determine health-care needs. It has been working with Nuance for two years on AI software that helps clinicians capture patient discussions and integrate them into electronic health records, and combining the speech technology company’s products into its Teams chat app for telehealth appointments.“The Nuance deal is a strategic no-brainer,” Wedbush Securities analyst Dan Ives wrote in a note Monday. It “fits like a glove into its health-care endeavors at a time in which hospitals and doctors are embracing next-generation AI capabilities,” Ives said, also praising Nuance Chief Executive Officer Mark Benjamin for leading a turnaround that has made his company a “unique asset” for Microsoft.Under Benjamin, Nuance has narrowed its focus and separated peripheral businesses, such as Cerence Inc., the automotive AI unit that was spun off two years ago. It also sold its imaging division to Thoma Bravo’s Kofax for $400 million, and zoomed in instead on partnerships with health-care providers and the biggest electronic medical records companies.Although the companies have partnered for two years, “together we can really bend the curve around health care – really improve the health outcomes and reduce costs,” Microsoft CEO Satya Nadella said in an interview. “Every provider, that’s what they want coming out of this pandemic, they want to look for a trusted partner, in this case the combination of Nuance and Microsoft, to help them.”Microsoft has been trying to make inroads into the health-care sector, selling more cloud software to hospitals and doctors. As AI software gets better at parsing language and predicting medical needs, Nuance and Microsoft may be able to develop technology that searches for certain words in health records to make better suggestions to doctors for patient care. The acquisition is likely to deepen competition between Microsoft and Amazon.com Inc. The retail giant in recent years has pushed to sell its cloud-computing services and Alexa voice software to health-care companies. And Amazon and Alphabet Inc.’s Google are both also investing heavily in the field of artificial intelligence.As of Friday, Nuance’s shares had climbed 3.4% this year, giving the company that laid the groundwork for the technology used in Apple Inc.’s Siri a market value of almost $13 billion. The gain still trailed the 9.9% jump in the S&P 500 Index, while Microsoft added 15%. Microsoft shares were little changed Monday in New York, and Nuance rose 17%.Microsoft expects the deal to close this calendar year, and Nuance’s Benjamin will join Microsoft, retaining the CEO title and reporting to Microsoft cloud chief Scott Guthrie. Nuance’s financial results will be included as part of Microsoft’s intelligent cloud unit.Nuance, whose products include Dragon speech-recognition software, had net income of $91 million on revenue of $1.48 billion for its fiscal year ending Sept. 30., after losing $217 million the previous year.Nuance already has partnerships with large electronic medical records companies like Epic Systems Corp. and Cerner Corp., and Microsoft plans to continue those, Nadella said. The goal is “absolutely not” to try to replace those companies, he said. “If anything we want to double down on our partnership with Epic and Cerner.”Nuance and Microsoft also plan to offer the Dragon Ambient Experience software, used to ease how clinicians document patient care, in other industries where AI tools to turn speech into records can be useful, Benjamin said.Microsoft has also been increasingly focused on health care. In May, the software maker unveiled a package of industry-specific cloud software, and has also hired executives with medical backgrounds and researching machine learning and AI tools for areas including clinical trials.“The more we worked together, the more we realized that we’re solving some of the greatest, most challenging and complex scenarios and speed matters,” Benjamin said in an interview.Coincidentally, one of Microsoft’s Boston-area offices is located right next to Nuance’s headquarters.Still ActiveWith a market value of $1.93 trillion, the most in the world after Apple, Microsoft remains active on the deals front.Last month, Bloomberg News reported that the software giant was in talks to acquire Discord Inc., a video-game chat community, for more than $10 billion. It also bought video-game maker Zenimax Media Inc. for $7.5 billion in cash in a deal that closed this year.The Nuance deal would rank as Microsoft’s second-largest acquisition, behind the 2016 LinkedIn purchase at an equity value of more than $26 billion, according to data compiled by Bloomberg. The company, which had more than $130 billion in cash and short-term investments at the close of last year, said it will continue its stock buyback program, despite spending cash on Nuance.Microsoft entered the artificial intelligence space decades ago with research projects and an early focus by co-founder Bill Gates on finding ways to make it easier for people to speak to computers using plain English.The Nuance purchase will complement efforts in recent years, where Microsoft has assigned thousands of employees to its AI work and released tools customers can use to build applications that understand and translate speech, recognize images and detect anomalies. The company views AI as a key driver of future sales of cloud services.(Updates with analyst’s comment in 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.
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