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High-profile political donor and Climate 200 convenor Simon Holmes a Court has hurled lofty allegations at the major parties in response to attempts to crack down on excessive political donations. Labor’s Special Minister of State Don Farrell has introduced electoral reform legislation to “cap campaign spending, limit the disproportionate influence of big donors, and stop the arms race of donation drives and endless fundraising”. The attempt to “protect and strengthen our democracy” has attracted scorn from Mr Holmes a Court, one of Australia’s most covertly powerful people , who has accused Labor and the Coalition of attempting to “rig” the electoral system. The legislation currently before parliament could jeopardise his ability to provide enormous financial backing to independent Teal candidates after Climate 200 bankrolled more than 20 candidates in the 2022 federal election. Climate 200, convened by Mr Holmes a Court, plunged almost $13 million into backing “community independents” which resulted in the election of seven new and four existing Teal MPs and Senators. In response to Labor’s electoral reform bill, Mr Holmes a Court has accused Labor and the Coalition of working together to “rig” the electoral system in a post shared to his 120,000 followers on social media. Mr Holmes a Court has also shared posts which label the reforms as “bad for democracy” and which said they would “entrench (Labor and the Coalition’s) duopoly, give themselves buckets of public money and screw everyone else”. His statements have drawn criticism for potentially inciting distrust in Australia's democratic processes, especially after US President-elect Donald Trump made similar “rigging” claims following the 2020 US election. Special Minister of State Don Farrell, who has spearheaded the reform effort, has defended the changes as necessary to ensure fairness in elections and reduce the outsized influence of large donors. Mr Farrell told SkyNews.com.au he “completely rejected” any suggestion the reform was part of a “stitch-up between the major parties”. “This is all about ensuring that ordinary Australians can participate in the electoral process and that you don't have to be a mate of a billionaire to participate in that electoral process," Mr Farrell said. In response to Teal MPs who have claimed the bill was being rushed through parliament, Mr Farrell explained the legislation had been discussed for “more than two and a half years”. “We've got a proposal, we've circulated it to all of the political parties, we've offered meetings about it. I'm hopeful that the rest of the Parliament will see the merit in taking big money out of the Australian electoral system,” he said. “We don't want an American-style electoral system. We want to protect and promote the Australian electoral system. This is all about transparency, it's all about accountability, and it's all about fairness.” Deputy Chair of Joint Standing Committee on Electoral Matters and Liberal Senator James McGrath has also voiced concerns about the rhetoric used by Mr Holmes a Court and its potential impact on democratic trust. “It think any language that undermines our electoral system and the good people that work night and day to make it as safe and secure as possible is dangerous and disrespectful,” he told SkyNews.com.au. “It seems the Teals and their donors are more worried about keeping their jobs than actually focussing on the issues affecting Australians. “Anyone in the political sphere has a responsibility to uphold and respect the terms of our democratic system. Anyone who undermines our system in any way for the sake of political gain has no place in politics.” While the Coalition has not publicly supported the bill, Mr McGrath said, “The Coalition will always look seriously at proposals to improve our democracy. We would encourage rich donors who back the Teals to do the same." Australia’s political landscape has seen a surge in the influence of donor-funded independent campaigns, with Climate 200 supporting 23 candidates at the last federal election, 11 of whom were elected. Mr Holmes a Court’s Climate 200 initiative has faced scrutiny for its significant financial contributions to independent candidates. At the last election, Climate 200 provided $740,000 to Teal MP Allegra Spender’s campaign, accounting for more than 40 per cent of her total donations. Ms Spender, the Member for Wentworth, recently faced criticism for her attempted lobbying to have Mr Holmes a Court name removed from a covert “power list” of influential Australians. The Electoral Legislation Amendment (Electoral Reform) Bill 2024 has proposed reducing the political donation disclosure threshold from $16,900 to $1,000, requiring cumulative reporting of donations above this amount. It has also proposed caps on individual political donations at $20,000 annually to a single recipient, with further restrictions on total contributions across multiple campaigns or entities. Ms Spender has received 23 donations above $20,000 since 2021, including eight from Climate 200 – amounting to $770,773. The bill also introduces caps on campaign expenditure, with federal campaigns for political parties limited to $90 million, individual House of Representatives candidates to $800,000, and third-party campaigners to $11.25 million annually. Exemptions have included costs for translation services, campaign offices and remote area travel.SAN FRANCISCO, Dec. 24, 2024 (GLOBE NEWSWIRE) -- AstraZeneca, the British-Swedish pharmaceutical giant, is facing a securities class action lawsuit in the U.S. alleging the company misled investors about its business practices in China, a critical market that accounts for roughly 13% of its revenue. Hagens Berman has opened an investigation and urges investors in AstraZeneca American Depositary Shares who suffered substantial losses to submit your losses now. Class Period: Feb. 23, 2022 – Dec. 17, 2024 Lead Plaintiff Deadline: Feb. 21, 2025 Visit: www.hbsslaw.com/investor-fraud/azn Contact the Firm Now: AZN@hbsslaw.com 844-916-0895 AstraZeneca (AZN) Securities Fraud Class Action: The lawsuit, filed in the U.S. District Court for the Central District of California, claims AstraZeneca made false and misleading statements and omitted material information regarding the company's exposure to legal and regulatory risks in China. Specifically, the complaint alleges that AstraZeneca: Engaged in insurance fraud in China. Faced heightened legal exposure in China, culminating in the detention of Leon Wang, Executive Vice President International and AstraZeneca China President, by Chinese law enforcement authorities. Understated the significant legal and regulatory risks associated with its China operations. Failed to disclose that these issues could materially harm its business activities and financial performance in China. The lawsuit highlights a series of events that began to unfold in late October 2024. On October 30th, AstraZeneca announced that Mr. Wang was cooperating with an ongoing investigation by Chinese authorities, without providing further details. This news sent AstraZeneca's share price down by approximately 3%. On November 5th, the Chinese business news outlet Yicai reported that dozens of AstraZeneca China executives had been implicated in the investigation, with some facing prison sentences exceeding 10 years. Yicai also cited an industry insider who attributed the company's compliance issues to "extreme pressure" placed on sales representatives to meet ambitious sales targets. This news further impacted AstraZeneca's stock price, causing a decline of around 7%. On November 12th, AstraZeneca confirmed Mr. Wang's detention and disclosed that the PRC investigation included allegations of medical insurance fraud, illegal drug importation, and personal information breaches. More recently, on December 18th, the Financial Times reported that AstraZeneca executives anticipate a revenue decline in China due to the arrests of Mr. Wang and other senior executives. The report cited an AstraZeneca executive who stated that "doctors are unwilling to interact with our salespeople and prescribe our medicines" following the investigation. This news resulted in a nearly 4% drop in AstraZeneca's share price. “If the allegations are substantiated, we believe AstraZeneca failed to adequately disclose the company’s exposure for its operations in China,” said Reed Kathrein, an attorney leading the firm's investigation. If you invested in AstraZeneca and have substantial losses, or have knowledge that may assist the firm’s investigation, submit your losses now » If you’d like more information and answers to frequently asked questions about the AstraZeneca investigation, read more » Whistleblowers: Persons with non-public information regarding AstraZeneca should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email AZN@hbsslaw.com . About Hagens Berman Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com . Follow the firm for updates and news at @ClassActionLaw . Contact: Reed Kathrein, 844-916-0895
AP News Summary at 5:51 p.m. ESTNone
A 70-year-old woman who almost took her life over a gambling addiction says cashless machines must be introduced in NSW. or signup to continue reading Marie, of Gamblers Anonymous in Newcastle, has been gamble-free for almost 24 years. "It's an emotional addiction that destroys the soul. You feel like there are no answers," Marie said. She said cashless gaming should involve limits on how much people can gamble. "A compulsive gambler cannot stop while they have access to money. If they get a win, they'll throw it back ," she said. The NSW government is considering the issue, after running a cashless gaming trial in 14 hotels and clubs from March to September this year. This included The Stag and Hunter Hotel in Mayfield and Fingal Bay Sports Club in Port Stephens. It will examine an "account-based gaming system" that allows "the to top up a player account up to a certain amount". The Independent Panel on Gaming Reform recommended this system, after the voluntary cashless trial found "uptake by patrons was very low". The government will also consider a "statewide exclusion register" with facial recognition technology to stop problem gambling. NSW Minister for Gaming and Racing David Harris said "we will be bringing in a first- and third-party exclusion system". "That's so people can exclude themselves, or family members can apply to exclude a loved one if it's causing harm," said Mr Harris, the Wyong MP. "To do that, every venue in the state needs to be able to recognise that person when they walk through the door." NSW budget papers show tax revenue from club and pub gaming machines is estimated to be $2.5 billion in 2024/25. "I still feel the government is addicted to gambling revenue," Marie said. "I believe cashless gaming is the only answer." She said poker machines "were my undoing". "I wish to god I hadn't got caught up with them. I hit rock bottom. It was a choice of committing suicide or getting some sort of help." She said her husband had "the wisdom to restrict my access to money, so the monkey was off the back". "I went to my first [Gamblers Anonymous] meeting and haven't touched a machine since. I was one of the fortunate ones. But I still have withdrawals. "Once this addiction gets hold, it's very hard to get out of it. Unless some restrictions are in place, things will get a lot worse before they get better." Mr Harris said the government had introduced responsible gaming officers and $500 limits on new poker machines bought after July 2023. "That will take a while to cycle through the system," he said. "We already got rid of gaming advertising around pubs. And we're stopping advertising outside gaming rooms." The government also banned gaming advertising that was "on or visible from" an ATM machine. "We're putting ATMs where they can't be seen from the gaming rooms," Mr Harris said. "In the 20 months we've been in government, we've done more in harm minimisation than the previous 30 to 50 years. "We've got to make that cultural change and slow it [gambling] down. Changing behaviour is difficult." Health and medicine, science, research, nutrition. Health and medicine, science, research, nutrition. Advertisement Sign up for our newsletter to stay up to date. We care about the protection of your data. Read our . AdvertisementJimmy Carter: Many evolutions for a centenarian ‘citizen of the world’ComBank crowned ‘Green Brand of the Year’ with Gold at SLIM Brand Excellence Awards
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Jimmy Carter: A brief bioPASADENA, Calif. (AP) — The Rose Bowl is the next stop on No. 1 Oregon's national championship quest. And Ohio State or Tennessee will be the Ducks' opponent in the 111th edition of the Granddaddy of Them All. Oregon (13-0) received the top seed in the first 12-team College Football Playoff on Sunday, sending the Ducks to celebrate the new year in Pasadena for the ninth time in school history as they continue to fight for their school's first national title. “Being on this side of the country, this is a game you dream of the opportunity to coach in,” said Oregon coach Dan Lanning, who will be in his first Rose Bowl. “It’s certainly a thrill for me. Obviously, a big fan of our program and influence in our program is Phil Knight, and Phil always told me his No. 1 goal is, ‘Can we get to the Rose Bowl?’ So I’m extremely ecstatic that our team gets to be a part of such a historic game.” But first, the eighth-seeded Buckeyes (10-2) and the ninth-seeded Volunteers (10-2) will meet in Columbus on Saturday, Dec. 21, to determine Oregon's opponent in the Rose Bowl Game, which is also a playoff quarterfinal. Tennessee is in the playoff for the first time, and coach Josh Heupel believes the Vols are ready. “It’s the next step for our program,” Heupel said. “This is something that our players have worked towards since last January, and you earn the right to be in a game like this. Proud of what we’ve done through the course of the regular season. The new season starts here. There was an expectation inside of our program to earn the right to play in a game like this.” As for the idea of an SEC team traveling north to frigid central Ohio, Heupel points out that Knoxville isn't exactly Southern California. “Not sure what the temperature will be up there, and I know it won’t be sunny and 85,” Heupel said. “We played in 30-degree weather a week ago (against Vanderbilt). For us, a lot of our practices are in the morning. (When) we’re outside, it’ll be similar temperatures to what you get up there. Our guys will be able to handle anything that comes at them.” The first-round matchup pits a pair of college football powerhouses with little history together. The Volunteers beat the Buckeyes 20-14 in the Citrus Bowl on Jan. 1, 1996, in the schools' only previous meeting. Ohio State got home-field advantage despite missing out on a Big Ten title game date with Oregon after a humiliating 13-10 loss at home to Michigan last month. The Buckeyes also lost a 32-31 thriller to the Ducks in Eugene in October, but they might still get that rematch in California. Oregon is clearly the class of this jumbled college football season, finishing as the only undefeated team in the FBS and the No. 1 team in the AP Top 25 after holding off Penn State 45-37 to win its first Big Ten championship. The Ducks' road to a title looks fairly daunting with two elite opponents vying for their quarterfinal shot, and social media filled up Sunday with fans and commentators bemoaning the relative difficulty of Oregon's path. The rough road doesn't bother Lanning, however. “What an opportunity, right?” Lanning said on ESPN. “We focus on the things that you can control, and winning a national championship isn’t supposed to be easy. If our path is a little bit tougher, kudos to us if we go through it and take care of business.” For decades, the Rose Bowl cherished its position as a near-annual meeting of teams from the Big Ten and the West Coast conference most recently known as the Pac-12. The breakup of the Pac-12 and the permanent change in the Rose Bowl's postseason position happened simultaneously over the past year, throwing the bowl's future into flux. But Oregon's familiar presence in Pasadena next month will smooth that change significantly — and if the Ducks' opponent is Ohio State, the traditionalists will still get exactly what they crave out of this game anyway. Oregon and Ohio State met in the Rose Bowl in 1958 and again on Jan. 1, 2010, with Terrelle Pryor leading the Buckeyes to a 26-17 victory. Oregon is 4-4 in its previous trips to the Rose Bowl, and the modern Ducks have spent their holiday in Pasadena four times since 2010. They’ve won in their past three appearances in the Granddaddy, most recently beating Wisconsin 28-27 in Los Angeles Chargers quarterback Justin Herbert’s final game for his hometown school in 2020. Ohio State has made 16 previous appearances in the Rose Bowl, third-most in the game's history behind USC (34) and Michigan (21). The Buckeyes have won their last four games in Pasadena, most recently beating Washington in 2019 and Utah in 2022 . A trip to Pasadena would be a treat for Tennessee's vast fan base. The Vols made two trips to the Rose Bowl during the 1940s, but they haven't been back there since 1945. Oregon and Tennessee have faced each other twice, with the Ducks winning both matchups in 2010 and in 2013. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football
Can Saquon Barkley be first running back to win MVP award since 2012?Kingsview Wealth Management LLC acquired a new stake in shares of International General Insurance Holdings Ltd. ( NASDAQ:IGIC – Free Report ) during the 3rd quarter, Holdings Channel reports. The fund acquired 13,944 shares of the company’s stock, valued at approximately $265,000. Other large investors also recently modified their holdings of the company. Diamond Hill Capital Management Inc. purchased a new stake in International General Insurance in the 3rd quarter worth $3,338,000. Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in shares of International General Insurance by 31.6% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 189,300 shares of the company’s stock worth $3,597,000 after acquiring an additional 45,455 shares during the period. Exchange Traded Concepts LLC purchased a new stake in shares of International General Insurance during the third quarter worth about $303,000. Mackenzie Financial Corp bought a new stake in International General Insurance during the 2nd quarter valued at approximately $411,000. Finally, Marshall Wace LLP lifted its holdings in International General Insurance by 276.8% in the 2nd quarter. Marshall Wace LLP now owns 92,308 shares of the company’s stock worth $1,292,000 after purchasing an additional 67,809 shares in the last quarter. Hedge funds and other institutional investors own 54.24% of the company’s stock. Analyst Upgrades and Downgrades A number of brokerages have issued reports on IGIC. Royal Bank of Canada increased their price objective on shares of International General Insurance from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Oppenheimer assumed coverage on shares of International General Insurance in a research note on Thursday, November 21st. They set an “outperform” rating and a $30.00 target price for the company. International General Insurance Trading Up 0.1 % Shares of IGIC stock opened at $25.95 on Friday. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 8.48 and a beta of 0.21. International General Insurance Holdings Ltd. has a 12-month low of $11.51 and a 12-month high of $27.00. The stock’s 50-day moving average price is $21.71 and its 200-day moving average price is $17.85. International General Insurance ( NASDAQ:IGIC – Get Free Report ) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.11. The business had revenue of $138.10 million for the quarter. International General Insurance had a return on equity of 22.78% and a net margin of 26.24%. As a group, research analysts predict that International General Insurance Holdings Ltd. will post 2.91 EPS for the current fiscal year. International General Insurance Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.10 annualized dividend and a yield of 0.39%. International General Insurance’s dividend payout ratio (DPR) is currently 3.27%. International General Insurance Company Profile ( Free Report ) International General Insurance Holdings Ltd. engages in the provision of specialty insurance and reinsurance solutions worldwide. The company operates through three segments: Specialty Long-tail, Specialty Short-tail, and Reinsurance. It is involved in underwriting a portfolio of specialty risks, including energy, property, construction and engineering, ports and terminals, general aviation, political violence, professional lines, financial institutions, motor, marine liability, contingency, marine, treaty, and casualty insurance and reinsurance. See Also Want to see what other hedge funds are holding IGIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International General Insurance Holdings Ltd. ( NASDAQ:IGIC – Free Report ). Receive News & Ratings for International General Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International General Insurance and related companies with MarketBeat.com's FREE daily email newsletter .
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