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1xbet live casino REDWOOD CITY, Calif.--(BUSINESS WIRE)--Dec 9, 2024-- C3.ai, Inc. (“C3 AI,” “C3,” or the “Company”) (NYSE: AI), the Enterprise AI application software company, today announced financial results for its fiscal second quarter ended October 31, 2024. “We had an outstanding quarter with strong top- and bottom-line performance to mark our seventh consecutive quarter of accelerating revenue growth,” said Thomas M. Siebel, Chairman and CEO, C3 AI. “It is difficult to overstate the potential of the Microsoft–C3 AI strategic alliance,” said Siebel. “By establishing C3 AI as a preferred AI application provider on Azure and creating a Microsoft-scale go-to-market engine, we’re making it easy for businesses to adopt and deploy C3 AI applications. This is an inflection point for Enterprise AI, driving growth.” Fiscal Second Quarter 2025 Financial Highlights Microsoft Azure Strategic Alliance Partner Network C3 AI reinforced its leadership in Enterprise AI, strengthened by a thriving partner ecosystem to accelerate Enterprise AI adoption. Business Highlights C3 AI had continuing momentum with significant Federal and commercial successes and strengthened strategic partnerships. Federal Momentum Federal business demonstrated strong execution, securing key wins and expansions across multiple agencies. C3 Generative AI C3 AI further strengthens its competitive edge in generative AI, affirming its market leadership. Financial Outlook: The Company’s guidance includes GAAP and non-GAAP financial measures. The following table summarizes C3 AI’s guidance for the third quarter of fiscal 2025 and full-year fiscal 2025: (in millions) Third Quarter Fiscal 2025 Guidance Full Year Fiscal 2025 Guidance Total revenue $95.5 - $100.5 $378.0 - $398.0 Non-GAAP loss from operations $(38.6) - $(46.6) $(105.0) - $(135.0) A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, expenses that may be incurred in the future. Stock-based compensation expense-related charges, including employer payroll tax-related items on employee stock transactions, are impacted by the timing of employee stock transactions, the future fair market value of our common stock, and our future hiring and retention needs, all of which are difficult to predict and subject to constant change. We have provided a reconciliation of GAAP to non-GAAP financial measures in the financial statement tables for our historical non-GAAP results included in this press release. Our fiscal year ends April 30, and numbers are rounded for presentation purposes. Conference Call Details What: C3 AI Second Quarter Fiscal 2025 Financial Results Conference Call When: Monday, December 9, 2024 Time: 2:00 p.m. PT / 5:00 p.m. ET Participant Registration: https://register.vevent.com/register/BI383ae1e1c80b4221a65de6c2c2baf582 (live) Webcast: https://edge.media-server.com/mmc/p/xf8dudjw (live and replay) Investor Presentation Details An investor presentation providing additional information and analysis can be found at our investor relations page at ir.c3.ai . Statement Regarding Use of Non-GAAP Financial Measures The Company reports the following non-GAAP financial measures, which have not been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”), in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. We use these non-GAAP financial measures internally for financial and operational decision-making purposes and as a means to evaluate period-to-period comparisons. Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP. Our presentation of non-GAAP financial measures may not be comparable to similar measures used by other companies. We encourage investors to carefully consider our results under GAAP, as well as our supplemental non-GAAP information and the reconciliation between these presentations, to more fully understand our business. Please see the tables included at the end of this release for the reconciliation of GAAP to non-GAAP financial measures. Other Information Professional Services Revenue Our professional services revenue includes service fees and prioritized engineering services. Service fees include revenue from services such as consulting, training, and paid implementation services. For service fees, revenue is typically recognized over time as the services are performed. Prioritized engineering services are undertaken when a customer requests that we accelerate the design, development, and delivery of software features and functions that are planned in our future product roadmap. When we agree to this, we negotiate an agreed upon fee to accelerate the development of the software. When the software feature is delivered, it becomes integrated to our core product offering, is available to all subscribers of the underlying software product, and enhances the operation of that product going forward. Such prioritized engineering services result in production-level computer software – compiled code that enhances the functionality of our production products – which is available for our customers to use over the life of their software licenses. Per Accounting Standards Codification (ASC) 606, Prioritized engineering services revenue is recognized as professional services over the period in which the software development is completed. Total professional services revenue consists of: Three Months Ended October 31, Six Months Ended October 31, 2024 2023 2024 2023 (in thousands) (in thousands) Prioritized engineering services $ 9,661 $ 4,852 $ 20,310 $ 13,100 Service fees 3,515 1,928 6,623 4,690 Total professional services revenue $ 13,176 $ 6,780 $ 26,933 $ 17,790 Use of Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “continue,” “estimate,” “expect,” “intend,” “may,” “will” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these words. Forward-looking statements in this press release include, but are not limited to, statements regarding our market leadership position, anticipated benefits from our partnerships, financial outlook, our sales and customer opportunity pipeline including our industry diversification, the expected benefits of our offerings (including the potential benefits of our C3 Generative AI offerings), and our business strategies, plans, and objectives for future operations. We have based these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks and uncertainties, including our history of losses and ability to achieve and maintain profitability in the future, our historic dependence on a limited number of existing customers that account for a substantial portion of our revenue, our ability to attract new customers and retain existing customers, market awareness and acceptance of enterprise AI solutions in general and our products in particular, the length and unpredictability of our sales cycles and the time and expense required for our sales efforts. Some of these risks are described in greater detail in our filings with the Securities and Exchange Commission, including our Quarterly Reports on Form 10-Q for the fiscal quarters ended July 31, 2024 and, when available, October 31, 2024, although new and unanticipated risks may arise. The future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, achievements, or events and circumstances reflected in the forward-looking statements will occur. Except to the extent required by law, we do not undertake to update any of these forward-looking statements after the date of this press release to conform these statements to actual results or revised expectations. About C3.ai, Inc. C3.ai, Inc. (NYSE:AI) is the Enterprise AI application software company. C3 AI delivers a family of fully integrated products including the C3 AI Platform, an end-to-end platform for developing, deploying, and operating enterprise AI applications, C3 AI applications, a portfolio of industry-specific SaaS enterprise AI applications that enable the digital transformation of organizations globally, and C3 Generative AI, a suite of domain-specific generative AI offerings for the enterprise. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) (Unaudited) Three Months Ended October Six Months Ended October 31, 2024 2024 2023 2024 2023 Revenue Subscription (1) $ 81,162 $ 66,449 $ 154,618 $ 127,801 Professional services (2) 13,176 6,780 26,933 17,790 Total revenue 94,338 73,229 181,551 145,591 Cost of revenue Subscription 35,038 30,937 68,330 61,371 Professional services 1,460 1,179 3,215 2,558 Total cost of revenue 36,498 32,116 71,545 63,929 Gross profit 57,840 41,113 110,006 81,662 Operating expenses Sales and marketing (3) 55,643 49,895 107,768 93,780 Research and development 55,715 50,399 108,642 101,267 General and administrative 21,770 20,215 41,470 40,104 Total operating expenses 133,128 120,509 257,880 235,151 Loss from operations (75,288 ) (79,396 ) (147,874 ) (153,489 ) Interest income 9,560 10,480 19,563 20,602 Other income (expense), net 13 (638 ) 41 (877 ) Loss before provision for income taxes (65,715 ) (69,554 ) (128,270 ) (133,764 ) Provision for income taxes 257 226 529 374 Net loss $ (65,972 ) $ (69,780 ) $ (128,799 ) $ (134,138 ) Net loss per share attributable to Class A and Class B common stockholders, basic and diluted $ (0.52 ) $ (0.59 ) $ (1.02 ) $ (1.15 ) Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic and diluted 127,870 118,656 126,434 117,125 (1) Including related party revenue of $10,581 for the six months ended October 31, 2023. (2) Including related party revenue of $5,804 for the six months ended October 31, 2023. (3) Including related party sales and marketing expense of $810 for the six months ended October 31, 2023. C3.AI, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except for share and per share data) (Unaudited) October 31, 2024 April 30, 2024 Assets Current assets Cash and cash equivalents $ 121,274 $ 167,146 Marketable securities 609,100 583,221 Accounts receivable, net of allowance of $486 and $359 as of October 31, 2024 and April 30, 2024, respectively 159,987 130,064 Prepaid expenses and other current assets 27,458 23,963 Total current assets 917,819 904,394 Property and equipment, net 84,198 88,631 Goodwill 625 625 Other assets, non-current 43,647 44,575 Total assets $ 1,046,289 $ 1,038,225 Liabilities and stockholders’ equity Current liabilities Accounts payable $ 20,611 $ 11,316 Accrued compensation and employee benefits 41,755 44,263 Deferred revenue, current 35,663 37,230 Accrued and other current liabilities 23,979 9,526 Total current liabilities 122,008 102,335 Deferred revenue, non-current 127 1,732 Other long-term liabilities 65,193 60,805 Total liabilities 187,328 164,872 Commitments and contingencies Stockholders’ equity Class A common stock 125 120 Class B common stock 3 3 Additional paid-in capital 2,077,044 1,963,726 Accumulated other comprehensive income (loss) 521 (563 ) Accumulated deficit (1,218,732 ) (1,089,933 ) Total stockholders’ equity 858,961 873,353 Total liabilities and stockholders’ equity $ 1,046,289 $ 1,038,225 C3.AI, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) Six Months Ended October 31, 2024 2023 Cash flows from operating activities: Net loss $ (128,799 ) $ (134,138 ) Adjustments to reconcile net loss to net cash used in operating activities Depreciation and amortization 6,092 6,220 Non-cash operating lease cost 203 454 Stock-based compensation expense 111,721 104,049 Accretion of discounts on marketable securities (7,618 ) (8,755 ) Other 418 — Changes in operating assets and liabilities Accounts receivable (1) (30,051 ) (8,567 ) Prepaid expenses, other current assets and other assets (2) (1,993 ) (665 ) Accounts payable (3) 9,294 (2,918 ) Accrued compensation and employee benefits (4,815 ) (2,551 ) Operating lease liabilities (1,215 ) 7,804 Other liabilities (4) 19,284 1,709 Deferred revenue (5) (3,172 ) (7,296 ) Net cash used in operating activities (30,651 ) (44,654 ) Cash flows from investing activities: Purchases of property and equipment (1,739 ) (16,631 ) Capitalized software development costs — (2,750 ) Purchases of marketable securities (365,926 ) (489,871 ) Maturities and sales of marketable securities 348,750 412,554 Net cash used in investing activities (18,915 ) (96,698 ) Cash flows from financing activities: Proceeds from issuance of Class A common stock under employee stock purchase plan 5,009 5,055 Proceeds from exercise of Class A common stock options 4,472 10,163 Taxes paid related to net share settlement of equity awards (5,787 ) (9,686 ) Net cash provided by financing activities 3,694 5,532 Net decrease in cash, cash equivalents and restricted cash (45,872 ) (135,820 ) Cash, cash equivalents and restricted cash at beginning of period 179,712 297,395 Cash, cash equivalents and restricted cash at end of period $ 133,840 $ 161,575 Cash and cash equivalents $ 121,274 $ 149,009 Restricted cash included in other assets 12,566 12,566 Total cash, cash equivalents and restricted cash $ 133,840 $ 161,575 Supplemental disclosure of cash flow information—cash paid for income taxes $ 534 $ 281 Supplemental disclosures of non-cash investing and financing activities: Purchases of property and equipment included in accounts payable and accrued liabilities $ 117 $ 7,293 Right-of-use assets obtained in exchange for lease obligations (including remeasurement of right-of-use assets and lease liabilities due to changes in the timing of receipt of lease incentives) $ 1,345 $ 778 Vesting of early exercised stock options $ 216 $ 294 (1) Including changes in related party balances of $12,444 for the six months ended October 31, 2023. (2) Including changes in related party balances of $(810) for the six months ended October 31, 2023. (3) Including changes in related party balances of $248 for the six months ended October 31, 2023. (4) Including changes in related party balances of $(2,448) for the six months ended October 31, 2023. (5) Including changes in related party balances of $(46) for the six months ended October 31, 2023. C3.AI, INC. RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In thousands, except percentages) (Unaudited) Three Months Ended October 31, Six Months Ended October 31, 2024 2023 2024 2023 Reconciliation of GAAP gross profit to non-GAAP gross profit: Gross profit on a GAAP basis $ 57,840 $ 41,113 $ 110,006 $ 81,662 Stock-based compensation expense (1) 8,311 8,993 16,719 17,509 Employer payroll tax expense related to employee stock-based compensation (2) 171 297 527 838 Gross profit on a non-GAAP basis $ 66,322 $ 50,403 $ 127,252 $ 100,009 Gross margin on a GAAP basis 61 % 56 % 61 % 56 % Gross margin on a non-GAAP basis 70 % 69 % 70 % 69 % Reconciliation of GAAP loss from operations to non-GAAP loss from operations: Loss from operations on a GAAP basis $ (75,288 ) $ (79,396 ) $ (147,874 ) $ (153,489 ) Stock-based compensation expense (1) 57,038 53,169 111,721 104,049 Employer payroll tax expense related to employee stock-based compensation (2) 1,090 1,274 2,362 3,774 Loss from operations on a non-GAAP basis $ (17,160 ) $ (24,953 ) $ (33,791 ) $ (45,666 ) Reconciliation of GAAP net loss per share to non-GAAP net loss per share: Net loss on a GAAP basis $ (65,972 ) $ (69,780 ) $ (128,799 ) $ (134,138 ) Stock-based compensation expense (1) 57,038 53,169 111,721 104,049 Employer payroll tax expense related to employee stock-based compensation (2) 1,090 1,274 2,362 3,774 Net loss on a non-GAAP basis $ (7,844 ) $ (15,337 ) $ (14,716 ) $ (26,315 ) GAAP net loss per share attributable to Class A and Class B common shareholders, basic and diluted $ (0.52 ) $ (0.59 ) $ (1.02 ) $ (1.15 ) Non-GAAP net loss per share attributable to Class A and Class B common shareholders, basic and diluted $ (0.06 ) $ (0.13 ) $ (0.12 ) $ (0.22 ) Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic and diluted 127,870 118,656 126,434 117,125 (1) Stock-based compensation expense for gross profits and gross margin includes costs of subscription and cost of professional services as follows. Stock-based compensation expense for loss from operations includes total stock-based compensation expense as follows: Three Months Ended October 31, Six Months Ended October 31, 2024 2023 2024 2023 Cost of subscription $ 7,827 $ 8,514 $ 15,521 $ 16,570 Cost of professional services 484 479 1,198 939 Sales and marketing 20,802 18,226 39,635 35,005 Research and development 17,999 16,685 36,430 33,718 General and administrative 9,926 9,265 18,937 17,817 Total stock-based compensation expense $ 57,038 $ 53,169 $ 111,721 $ 104,049 (2) Employer payroll tax expense related to employee stock-based compensation for gross profits and gross margin includes costs of subscription and cost of professional services as follows. Employer payroll tax expense related to employee stock-based compensation for loss from operations includes total employer payroll tax expense related to employee stock-based compensation as follows: Three Months Ended October 31, Six Months Ended October 31, 2024 2023 2024 2023 Cost of subscription $ 163 $ 282 $ 489 $ 791 Cost of professional services 8 15 38 47 Sales and marketing 450 463 922 1,468 Research and development 231 415 595 1,232 General and administrative 238 99 318 236 Total employer payroll tax expense $ 1,090 $ 1,274 $ 2,362 $ 3,774 Reconciliation of free cash flow to the GAAP measure of net cash used in operating activities: The following table below provides a reconciliation of free cash flow to the GAAP measure of net cash used in operating activities for the periods presented: Three Months Ended October 31, Six Months Ended October 31, 2024 2023 2024 2023 Net cash used in operating activities $ (38,693 ) $ (48,590 ) $ (30,651 ) $ (44,654 ) Less: Purchases of property and equipment (815 ) (5,293 ) (1,739 ) (16,631 ) Capitalized software development costs — (1,250 ) — (2,750 ) Free cash flow $ (39,508 ) $ (55,133 ) $ (32,390 ) $ (64,035 ) Net cash provided by (used in) investing activities $ 22,635 $ (11,898 ) $ (18,915 ) $ (96,698 ) Net cash provided by financing activities $ 3,512 $ 3,055 $ 3,694 $ 5,532 View source version on businesswire.com : https://www.businesswire.com/news/home/20241209723558/en/ CONTACT: Investor Contact ir@c3.aiC3 AI Public Relations Edelman Lisa Kennedy (415) 914-8336 pr@c3.ai KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SOFTWARE TECHNOLOGY ARTIFICIAL INTELLIGENCE SOURCE: C3.ai Copyright Business Wire 2024. PUB: 12/09/2024 04:05 PM/DISC: 12/09/2024 04:06 PM http://www.businesswire.com/news/home/20241209723558/enAP Trending SummaryBrief at 3:14 p.m. EST

The Tan Cang Hai Phong International Container Port (TC-HICT), a subsidiary of Tan Cang Sai Gon Corporation, on December 27 celebrated the handling of its 1,500,000th TEU (Twenty-foot Equivalent Unit) in 2024, following the arrival of Malta’s container ship CMA CGM MISSISSIPI. The new milestone further highlighted TC-HICT’s achievements in 2024 after welcoming the 1,000,000th TEU in August 2024. Over the past 10 years of development, including 6 years of operation, the port has made impressive progress, and it is now able to handle large vessels of up to 13,000 TEUs. Since its first container handling on May 13, 2018, TC-HICT has continually broken its own records. In 2020, the port reached the 500,000 TEUs mark for the first time, and since then, it has maintained its momentum, achieving 1,000,000 TEUs in 2022, 2023, and 2024. With the new milestone, TC-HICT has consolidated its position as the leading port in Northern Vietnam, ranking in the top 4 nationwide, and capturing 23% of the market share in Hai Phong. This achievement underscores the strength and potential of the deep-water port and the maritime economy in the region, affirmed Doan Hai Tuan, chairman of the Board of Members of TC-HICT, adding it affirms the port’s leading position in the maritime sector, ensuring supply chain continuity both domestically and internationally. He also credited the development of the port to the dedication and hard work of its staff, as well as the trust and support from domestic and international customers and partners. In 2025, TC-HICT is committed to continuous innovation and technological advancements. The port plans to implement new technologies like the Smart Gate and Ebooking software to improve operations. TC-HICT will also strengthen connections with other facilities of Tan Cang Sai Gon Corporation in Northern Vietnam, promote inland waterway transport, reinforce a sustainable transport system, and offer seamless service integration for customers. Source: VOV

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A recent social media storm erupted over allegations that YesMadam, an India-based beauty services platform, laid off 100 employees citing workplace stress. The viral post claimed the layoffs were a result of a stress survey conducted by the company. However, mounting evidence suggests the claims may be a poorly executed public relations stunt aimed at gaining attention, with critics and analysts raising questions about the authenticity of the narrative. The controversy began with a LinkedIn post by a purported employee named Anushka Dutta , who shared an email allegedly sent by YesMadam's HR department. The email announced the termination of employees who had reported high stress levels in a recent workplace survey. The post quickly gained traction, sparking outrage and debates about workplace ethics. According to her post, the email read: "To ensure that no one remains stressed at work, we have made the difficult decision to part ways with employees who indicated significant stress." The dismissals were described as effective immediately, and the affected workers were promised further details in follow-up communications. Social media users lambasted the company, with one user labelling the move "the weirdest, most unethical reason for employee termination." Others speculated that the email might be part of a PR campaign gone wrong. While there have been several people online who've cried out, "Wolf!", a cybersecurity researcher on LinkedIn, who goes solely by "Akshay," posted an analysis of the viral email , pointing out out numerous inconsistencies suggesting it may not be legitimate. Some of his key observations include: 1. Email Inconsistencies: The email was allegedly sent through Google's GSuite platform but bore labels indicating it was from an external source, a mismatch for internal communications. Additionally, the sender's profile image and the email's font appeared to have been edited, raising suspicions of editing. 2. Unrealistic Claims: The claim that over 100 employees were terminated without a single corroborating post from the affected workers was seen as implausible. Scraping LinkedIn profiles of YesMadam employees failed to reveal any similar posts or grievances. 3. Contradictory Branding: The company name was inconsistently referred to as "YesMadam" and "Yes Madam" across various communications. Such discrepancies suggest a lack of attention to detail, uncharacteristic of a legitimate HR communication. 4. Labour Law Violations: Terminating employees en masse under such circumstances would likely violate labour laws and trigger regulatory scrutiny. Yet, no such legal action or public fallout has been observed. 5. PR Campaign Speculation: Critics noted that YesMadam offers stress-related therapy services, leading to speculation that the viral post was crafted to draw attention to its offerings. However, this alleged stunt appears to have backfired, damaging the brand's reputation rather than enhancing it. 6. Names Mentioned in the Email: Upon reviewing the names mentioned in the email, it was found that Ashu Arora Jha is the company's HR director, boasting over 10 years of experience in human resources. For a seasoned HR professional, a mistake of this magnitude (not using bcc for the email list) would appear unfathomable, though not entirely impossible. Meanwhile, "Mayank" refers to YesMadam's Founder and CEO, Mayank Arya, while "Garima" is identified as the company's director. It is also noteworthy to point out that the only person who's posted their grievance about the email is the company's UX copywriter, Anushka Dutta, who makes a living crafting viral content. While YesMadam has not released an official statement addressing the viral post, analysts and experts caution against exploiting sensitive topics like workplace stress for publicity. Such actions can undermine trust in workplace surveys and employee feedback mechanisms, potentially discouraging honest communication in professional settings. As speculation continues, the incident serves as a reminder of the thin line between clever marketing and reputational damage. If this was indeed a PR stunt, it highlights the pitfalls of sensationalism in corporate branding efforts. Ultimately, organisations must prioritise authenticity and integrity to maintain credibility with their audience and workforce. Whether the viral post is genuine or a calculated move, it has certainly sparked a larger conversation about workplace culture and mental health.By LISA MASCARO and FARNOUSH AMIRI WASHINGTON (AP) — President-elect Donald Trump’s pick for intelligence chief Tulsi Gabbard faced fresh scrutiny Monday on Capitol Hill about her proximity to Russian-ally Syria amid the sudden collapse of that country’s hardline Assad rule. Gabbard ignored shouted questions about her 2017 visit to war-torn Syria as she ducked into one of several private meetings with senators who are being asked to confirm Trump’s unusual nominees . Related Articles National Politics | Trump promises to end birthright citizenship: What is it and could he do it? National Politics | Trump has flip-flopped on abortion policy. His appointees may offer clues to what happens next National Politics | In promising to shake up Washington, Trump is in a class of his own National Politics | Election Day has long passed. In some states, legislatures are working to undermine the results National Politics | Trump taps his attorney Alina Habba to serve as counselor to the president But the Democrat-turned-Republican Army National Reserve lieutenant colonel delivered a statement in which she reiterated her support for Trump’s America First approach to national security and a more limited U.S. military footprint overseas. “I want to address the issue that’s in the headlines right now: I stand in full support and wholeheartedly agree with the statements that President Trump has made over these last few days with regards to the developments in Syria,” Gabbard said exiting a Senate meeting. The incoming president’s Cabinet and top administrative choices are dividing his Republican allies and drawing concern , if not full opposition, from Democrats and others. Not just Gabbard, but other Trump nominees including Pentagon pick Pete Hegseth, were back at the Capitol ahead of what is expected to be volatile confirmation hearings next year. The incoming president is working to put his team in place for an ambitious agenda of mass immigrant deportations, firing federal workers and rollbacks of U.S. support for Ukraine and NATO allies. “We’re going to sit down and visit, that’s what this is all about,” said Sen. Mike Rounds, R-S.D., as he welcomed Gabbard into his office. Meanwhile, Defense Secretary pick Hegseth appeared to be picking up support from once-skeptical senators, the former Army National Guard major denying sexual misconduct allegations and pledging not to drink alcohol if he is confirmed. The president-elect’s choice to lead the FBI, Kash Patel , who has written extensively about locking up Trump’s foes and proposed dismantling the Federal Bureau of Investigation, launched his first visits with senators Monday. “I expect our Republican Senate is going to confirm all of President Trump’s nominees,” said Sen. Tom Cotton, R-Ark., on social media. Despite widespread concern about the nominees’ qualifications and demeanors for the jobs that are among the highest positions in the U.S. government, Trump’s team is portraying the criticism against them as nothing more than political smears and innuendo. Showing that concern, nearly 100 former senior U.S. diplomats and intelligence and national security officials have urged Senate leaders to schedule closed-door hearings to allow for a full review of the government’s files on Gabbard. Trump’s allies have described the criticisms of Hegseth in particular as similar to those lodged against Brett Kavanaugh, the former president’s Supreme Court nominee who denied a sexual assault allegation and went on to be confirmed during Trump’s first term in office. Said Sen. Lindsey Graham, R-S.C., about Hegseth: “Anonymous accusations are trying to destroy reputations again. We saw this with Kavanaugh. I won’t stand for it.” One widely watched Republican, Sen. Joni Ernst of Iowa, herself a former Army National Guard lieutenant colonel and sexual assault survivor who had been criticized by Trump allies for her cool reception to Hegseth, appeared more open to him after their follow-up meeting Monday. “I appreciate Pete Hegseth’s responsiveness and respect for the process,” Ernst said in a statement. Ernst said that following “encouraging conversations,” he had committed to selecting a senior official who will “prioritize and strengthen my work to prevent sexual assault within the ranks. As I support Pete through this process, I look forward to a fair hearing based on truth, not anonymous sources.” Ernst also had praise for Patel — “He shares my passion for shaking up federal agencies” — and for Gabbard. Once a rising Democratic star, Gabbard, who represented Hawaii in Congress, arrived a decade ago in Washington, her surfboard in tow, a new generation of potential leaders. She ran unsuccessfully for president in 2020. But Gabbard abruptly left the party and briefly became an independent before joining with Trump’s 2024 campaign as one of his enthusiasts, in large part over his disdain for U.S. involvement overseas and opposition to helping Ukraine battle Russia. Her visit to Syria to meet with then-President Bashar Assad around the time of Trump’s first inauguration during the country’s bloody civil war stunned her former colleagues and the Washington national security establishment. The U.S. had severed diplomatic relations with Syria. Her visit was seen by some as legitimizing a brutal leader who was accused of war crimes. Gabbard has defended the trip, saying it’s important to open dialogue, but critics hear in her commentary echoes of Russia-fueled talking points. Assad fled to Moscow over the weekend after Islamist rebels overtook Syria in a surprise attack, ending his family’s five decades of rule. She said her own views have been shaped by “my multiple deployments and seeing firsthand the cost of war and the threat of Islamist terrorism.” Gabbard said, “It’s one of the many reasons why I appreciate President Trump’s leadership and his election, where he is fully committed, as he has said over and over, to bring about an end to wars.” Last week, the nearly 100 former officials, who served in both Democratic and Republican administrations, said in the letter to Senate leaders they were “alarmed” by the choice of Gabbard to oversee all 18 U.S. intelligence agencies. They said her past actions “call into question her ability to deliver unbiased intelligence briefings to the President, Congress, and to the entire national security apparatus.” The Office of the Director of National Intelligence was created after the Sept. 11, 2001, attacks to coordinate the nation’s intelligence agencies and act as the president’s main intelligence adviser. Associated Press writer Stephen Groves contributed to this report.Dana White makes shock political U-turn after backing Donald Trump in the election

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CAMBRIDGE, Mass., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Relay Therapeutics, Inc. (Nasdaq: RLAY), a clinical-stage precision medicine company transforming the drug discovery process by combining leading-edge computational and experimental technologies, today announced that updated clinical data for RLY-2608 600mg BID + fulvestrant in patients with PI3Kα-mutated, HR+, HER2- locally advanced or metastatic breast cancer will be presented at the upcoming San Antonio Breast Cancer Symposium, taking place December 10-13, 2024. Details of the RLY-2608 + fulvestrant poster presentation are as follows: Abstract Title: PS7-01: Efficacy of RLY-2608, a mutant-selective PI3Kα inhibitor in patients with PIK3CA-mutant HR+HER2- advanced breast cancer: ReDiscover trial Abstract Number: SESS-2211 Session: Concurrent Poster Spotlight Session 7: Targeting the ER and PI3K pathway: Novel drugs and combinations Date/Time: Wednesday, December 11, 8:00-9:30 a.m. ET (7:00-8:30 a.m. CT) Conference Call Information Relay Therapeutics will host a conference call to discuss these data on Wednesday, December 11, 2024 at 7:00 a.m. ET (6:00 a.m. CT). Registration and dial-in for the conference call and webcast may be accessed through Relay Therapeutics’ website under Events in the News & Events section through the following link: https://ir.relaytx.com/news-events/events-presentations . An archived replay of the webcast will be available following the event. The poster will be available at the start of the session on the company’s website at https://relaytx.com/publications/ . About RLY-2608 RLY-2608 is the lead program in Relay Therapeutics’ efforts to discover and develop mutant selective inhibitors of PI3Kα, the most frequently mutated kinase in all cancers, with oncogenic mutations detected in about 14% of patients with solid tumors. RLY-2608 has the potential, if approved, to address more than 300,000 patients per year in the United States, one of the largest patient populations for a precision oncology medicine. Traditionally, the development of PI3Kα inhibitors has focused on the active, or orthosteric, site. The therapeutic index of orthosteric inhibitors is limited by the lack of clinically meaningful selectivity for mutant versus wild-type (WT) PI3Kα and off-isoform activity. Toxicity related to inhibition of WT PI3Kα and other PI3K isoforms results in sub-optimal inhibition of mutant PI3Kα with reductions in dose intensity and frequent discontinuation. The Dynamo® platform enabled the discovery of RLY-2608, the first known allosteric, pan-mutant, and isoform-selective PI3Kα inhibitor, designed to overcome these limitations. Relay Therapeutics solved the full-length cryo-EM structure of PI3Kα, performed computational long time-scale molecular dynamic simulations to elucidate conformational differences between WT and mutant PI3Kα, and leveraged these insights to support the design of RLY-2608. RLY-2608 is currently being evaluated in a first-in-human trial designed to treat patients with advanced solid tumors with a PIK3CA (PI3Kα) mutation. For more information on RLY-2608, please visit here . About Relay Therapeutics Relay Therapeutics is a clinical-stage precision medicine company transforming the drug discovery process by combining leading-edge computational and experimental technologies with the goal of bringing life-changing therapies to patients. As the first of a new breed of biotech created at the intersection of complementary techniques and technologies, Relay Therapeutics aims to push the boundaries of what’s possible in drug discovery. Its Dynamo® platform integrates an array of leading-edge computational and experimental approaches designed to drug protein targets that have previously been intractable or inadequately addressed. Relay Therapeutics’ initial focus is on enhancing small molecule therapeutic discovery in targeted oncology and genetic disease indications. For more information, please visit www.relaytx.com or follow us on Twitter . Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, without limitation, implied and express statements regarding Relay Therapeutics’ strategy, business plans and focus; the progress and timing of the clinical development of the programs across Relay Therapeutics’ portfolio; the expected therapeutic benefits and potential efficacy and tolerability of RLY-2608, both as a monotherapy and in combination with other agents, and its other programs, including lirafugratinib as well as the clinical data for RLY-2608; the interactions with regulatory authorities and any related approvals; the potential market opportunity for RLY-2608; the cash runway projection and the expectations regarding Relay Therapeutics’ use of capital, expenses and potential cost savings. The words “may,” “might,” “will,” “could,” “would,” “should,” “plan,” “anticipate,” “intend,” “believe,” “expect,” “estimate,” “seek,” “predict,” “future,” “project,” “potential,” “continue,” “target” and similar words or expressions, or the negative thereof, are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Any forward-looking statements in this press release are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and important factors that may cause actual events or results to differ materially from those expressed or implied by any forward-looking statements contained in this press release, including, without limitation, risks associated with: the impact of global economic uncertainty, geopolitical instability and conflicts, or public health epidemics or outbreaks of an infectious disease on countries or regions in which Relay Therapeutics has operations or does business, as well as on the timing and anticipated results of its clinical trials, strategy, future operations and profitability; the delay or pause of any current or planned clinical trials or the development of Relay Therapeutics’ drug candidates; the risk that the preliminary or interim results of its preclinical or clinical trials may not be predictive of future or final results in connection with future clinical trials of its product candidates and that interim and early clinical data may change as more patient data become available and are subject to audit and verification procedures; Relay Therapeutics’ ability to successfully demonstrate the safety and efficacy of its drug candidates; the timing and outcome of its planned interactions with regulatory authorities; and obtaining, maintaining and protecting its intellectual property. These and other risks and uncertainties are described in greater detail in the section entitled “Risk Factors” in Relay Therapeutics’ most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, as well as any subsequent filings with the Securities and Exchange Commission. In addition, any forward-looking statements represent Relay Therapeutics' views only as of today and should not be relied upon as representing its views as of any subsequent date. Relay Therapeutics explicitly disclaims any obligation to update any forward-looking statements. No representations or warranties (expressed or implied) are made about the accuracy of any such forward-looking statements. Contact: Megan Goulart 617-322-0814 mgoulart@relaytx.com Media: Dan Budwick 1AB 973-271-6085 dan@1abmedia.comThe Latest: Suspect in United Healthcare CEO's killing charged with weapons, forgery, other charges

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Friday, December 13, 2024 Air Canada has announced plans to introduce fast, free streaming-quality Wi-Fi for Aeroplan Members starting in May 2025. Sponsored by Bell, this new service will initially be available on Wi-Fi-equipped aircraft operating within North America and select Sun destinations. The airline also plans to extend free Wi-Fi to its long-haul international flights in 2026. Mark Nasr, Executive Vice President of Marketing and Digital at Air Canada, and President of Aeroplan, highlighted the growing importance of reliable in-flight connectivity. “Reliable access to streaming-quality Wi-Fi is becoming essential for both business and leisure travellers. That’s why we’re upgrading our fleet with the latest technologies,” said Nasr. “We’re excited to offer fast, free Wi-Fi to all Aeroplan Members, and we’re rolling out this service with a focus on customer experience.” The free Wi-Fi service will be available on Air Canada, Air Canada Rouge, and most Air Canada Express aircraft. This builds on Air Canada’s existing partnership with Bell, which began offering free in-flight texting for Aeroplan Members in May 2023. Over 85% of Air Canada’s fleet will be equipped with Wi-Fi from day one of the rollout, with installations on the remaining aircraft to be completed throughout 2025. For Aeroplan Members, the service will be completely free, while non-members will have the option to purchase Wi-Fi at a reduced flat fee. Customers who are not yet Aeroplan Members can sign up for free at aircanada.com/aeroplan. Blaik Kirby, Group President of Consumer and Small Business at Bell, commented on the collaboration: “This next chapter in our partnership with Air Canada reflects our purpose to advance how Canadians connect with each other and the world. We are transforming the in-flight experience for Aeroplan Members, enabling them to be productive, stream entertainment, and stay connected throughout their journey.” One of the standout features of the service will be its availability on Air Canada Express Q400 aircraft, including those operating out of Toronto’s Billy Bishop Airport. This will be the first fast, free Wi-Fi service on these regional aircraft. The service is set to be installed on the Q400s starting in 2025, with the first phase of installations expected to be completed by the end of the year. In addition to the Wi-Fi upgrade, Air Canada continues to enhance its in-flight services with amenities like chef-inspired menus, complimentary premium snacks, beer and wine, hours of free in-flight entertainment, and live TV on IFE-equipped aircraft. The airline’s mobile app also offers features like real-time baggage tracking and digital identification. This initiative reinforces Air Canada’s commitment to offering an exceptional flying experience, blending convenience, connectivity, and customer satisfaction.

( MENAFN - ACN NewsWire) Summit Group Responds to White Paper Citing Governance Issues in Bangladesh's Power and energy Sector Dhaka, Bangladesh, Dec 23, 2024 - (ACN Newswire) - Summit Group, Bangladesh's largest private sector power generation company, has issued clarifications in response to a recent draft of a government White Paper, and said it welcomes transparency and remains committed to the highest levels of corporate governance and corporate social responsibility (“CSR”) in the country. Bangladesh media have reported widely on a draft of the 'White Paper on the State of the Bangladesh Economy' released in recent weeks by the interim government led by the Honourable Chief Adviser Dr. Muhammad Yunus. The document said Bangladesh's power and energy sector faced challenges such as excess capacity, dependence on imports of gas and under-development of domestic natural gas resources. Summit Power International Limited (“SPIL”), the Singapore-registered parent of Summit Corporation Limited (“SCL”) – the leading foreign direct investor in Bangladesh's power sector – has responded to statements in White Paper which referred to SCL's assets or subsidiaries. 1) The draft White Paper referred to Summit Group as being one of the“selected large conglomerates” which enjoyed“exemptions on project income” and“exemption on income arising from power generation”. SPIL said these exemptions cited were part of a broader policy initiative that applied to the entire power and energy sector in the country.“The policy, i.e. Private Sector Power Generation Policy framed in 1996, designed to attract investment and meet Bangladesh's critical energy needs, encompassed approximately 104 projects. These exemptions were not exclusive to Summit Group but were reflective of a sector-wide strategy to enhance Bangladesh's energy capacity to ensure sustainable development,” SPIL said. 2) The“Other Common Malpractice” section in the White Paper alleged that contract conditions were changed after it was awarded, and singled out the Summit Meghnaghat 335 dual fuel power plant for switching from heavy fuel oil (“HFO”) to high-speed diesel (“HSD”) without changing capacity payment or heat rate as an example. The Bangladesh Petroleum Corporation, the supplier of energy oil, was unable to provide the specified oil under the original agreement and instead reached an understanding with the Bangladesh Power Development Board to supply alternative oil, SPIL said. “In order to maintain operations and fulfil its commitments, Summit Meghnaghat was obliged to accept this change but remains prepared to accept oil in accordance with the original tender conditions,” SPIL said. Through SCL, the Summit Group operates 18 power plants with a combined generation capacity of 2,255MW or approximately 17% of the total installed private power generation capacity in the country of 173 million people. 3) The White Paper listed Summit Power Limited among 83 companies listed on the Dhaka Stock Exchange that had been“unfairly excluded” from certain regulatory activities, and said market rigging was endemic in the domestic equity market. “Summit Power Limited has always conducted its affairs with the highest levels of corporate governance. Its Board of Directors comprises eminent and well-respected corporate figures. At no time has the company ever engaged in market rigging,” SPIL said. 4) Regarding Bangladesh's second Floating Storage and Regasification Unit (“FSRU”), which Summit Group operates, the White Paper alleged public funds were misused because Summit supplied LNG at a premium while natural gas reserves were available with the Bangladesh Oil, Gas and Mineral Corporation (“Petrobangla”). SPIL said that Summit's FSRU was not responsible for the supply of gas and, accordingly, has not imported or supplied any gas to date. The long-term supply contract signed between Summit Oil and Shipping Company Limited and Petrobangla was at the lowest price of all contracts awarded at the time, including for OQ Trading and Excelerate Energy (“Excelerate”). In any event, Summit has not yet imported any gas under the long-term supply contract. Further, Summit's FSRU did not receive any special exemptions, and its daily tariff/charter rate is lower than that of the Moheshkhali Floating LNG owned by Excelerate, the only other FSRU in Bangladesh. The incentives referenced were part of an industry-wide framework that applies to both Excelerate and Summit's FSRU projects. “As a responsible corporation with a track record of providing energy and power to Bangladesh, Summit Group has always respected and adhered to the laws of both Bangladesh, where SCL operates, as well as Singapore, where SPIL is domiciled,” SPIL said.“We are dedicated to contributing meaningfully to Bangladesh's growth and prosperity. Our operations in Bangladesh have consistently adhered to all regulations, and we take pride in upholding the highest standards of integrity and governance,” SPIL said. “Being a dependable partner in nation building, we remain open to dialogue with all stakeholders,” it added.“We invite committee members preparing the White Paper to engage and seek clarification where needed. As a substantial foreign direct investor, the Summit Group has always conducted its affairs in a transparent manner while striving to support the long-term development of Bangladesh,” it added. About Summit Power International Limited (“SPIL”) SPIL is the largest Independent Power Producer (IPP) in Bangladesh, reflecting 17% of the country's total private installed capacity and 7% of the country's total installed capacity. Summit owns and operates a total of 18 power plants with a combined generation capacity of 2,255MW. It also operates Bangladesh's second Floating Storage and Regasification Unit (FSRU) and LNG import terminal with daily regasification capacity of 500 million cubic feet. SPIL is a privately-held Singapore-registered company that is 78%-owned by the family of Mr Muhammed Aziz Khan. In 2016 SPIL acquired Bangladesh-registered Summit Corporation Ltd (SCL) in a transaction that was financed primarily by International Finance Corporation, the World Bank's private sector arm. SCL holds various infrastructure assets in Bangladesh. In 2019, JERA Co., Inc., Japan's largest power generation company, acquired a 22%-stake in SPIL and remains its second largest shareholder to date. Learn more at: Media Contact WeR1 Consultants Pte Ltd WhatsApp (Text): (+65) 9748 0688 Email: ... MENAFN22122024002725003249ID1109022261 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

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