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PR Newswire Disclose Service Test Notice
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This is a service test message for the PRN Disclose system
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW) between November 9, 2020 and February 19, 2021, inclusive (the "Class Period"), of the important May 3, 2021 lead plaintiff deadline.
The filing did not reveal the number of shares or the price range at which Frontier expects to sell them on the Nasdaq Global Select Market. Frontier also withdrew plans for an IPO in July last year. It was acquired by an affiliate of private equity firm Indigo Partners LLC in December 2013, the filing revealed.
Asian stocks were set for a strong open on Tuesday, helped mostly by global recovery prospects and the passage of a $1.9 U.S. trillion stimulus bill, shaking off a mixed Wall Street session after a big downturn in tech shares. U.S. Treasury Secretary Janet Yellen said on Monday that President Joe Biden's coronavirus aid package would provide enough resources to fuel a "very strong" U.S. economic recovery, and noted "there are tools" to deal with inflation. Despite the positive cues, investors remain conflicted over whether the stimulus will help global growth rebound faster from the COVID-19 downturn or cause the world's biggest economy to overheat and lead to runaway inflation.
Kessler Topaz Meltzer & Check, LLP investigating potential violations of the federal securities laws on behalf of shareholders of Plug Power Inc.
Toyota may have pioneered the just-in-time manufacturing strategy but when it comes to chips, its decision to stockpile what have become key components in cars goes back a decade to the Fukushima disaster. After the catastrophe severed Toyota's supply chains on March 11, 2011, the world's biggest automaker realised the lead-time for semiconductors was way too long to cope with devastating shocks such as natural disasters. That's why Toyota came up with a business continuity plan (BCP) that required suppliers to stockpile anywhere from two to six months' worth of chips for the Japanese carmaker, depending on the time it takes from order to delivery, four sources said.
(Bloomberg) -- Japan confirmed its economy grew by double-digits at the end of last year, according to revised data that continued to show strength even as this quarter’s virus emergency sets back the recovery for the time being.Gross domestic product grew an annualized 11.7% from the prior quarter in the three months through December, the Cabinet Office reported Tuesday in figures that were a touch weaker than an earlier estimate. Economists had forecast a revised growth rate of 12.6%.Separate reports showed household spending fell at the start of the resumed emergency by a worse-than-expected 6.1% in January from a year earlier.Key InsightsConfirmation that the economy grew at a double-digit pace for a second straight quarter largely bodes well for the country’s recovery prospects after emergency measures to contain the virus are fully lifted.The economy is seen shrinking this quarter amid restrictions that have led to weeks of reduced hours at bars and restaurants in major cities. Prime Minister Yoshihide Suga last week extended the emergency through March 21 for the Tokyo region to better contain the virus after almost two months of improvement.January’s drop in household spending is one sign of the fallout from the emergency. Ongoing wage drops also suggest there’s a limit to how much consumption can improve even after restrictions end and Japan’s vaccine drive, which only started in mid-February, picks up pace.The Bank of Japan is scheduled to wrap up a policy review next week to make its monetary easing sustainable over the long haul, given that inflation looks set to stay below the BOJ’s stable 2% target for a long time.What Bloomberg Economics Says...“Looking ahead to 1Q, we expect a sharp decline in GDP as a result of the latest state of emergency ... When it’s lifted, the economy could see another sharp pickup, propelled by pent-up demand and consumers with excess savings -- assuming the outbreak is brought under control in 1Q.”-- Yuki Masujima, economistFor the full report, click here.Get MoreOn a non-annualized basis GDP grew 2.8% from the previous quarter, compared with a 3% expansion forecast by analysts.Nominal GDP expanded 2.3%. Economists had expected 2.5%.Private consumption increased 2.2% from the prior quarter, in line with the preliminary figure and a forecast by economists.Business investment rose 4.3%. Analysts had predicted a 4% increase, compared with the preliminary result of 4.5% after finance ministry capital spending data released last week came in weaker than expected.Inventories subtracted 0.6 percentage point from GDP, compared with a 0.4 percentage point subtraction expected by economists.Net exports of goods and services contributed 1.1 percentage point to non-annualized GDP growth. Economists forecast a 1 percentage point support in line with the preliminary estimate.Household spending fell 6.1% in January from a year ago. Economists had forecast a 2.1% drop. Labor cash earnings fell 0.8% in January, compared with a 1.7% loss forecast by analysts. Adjusted for inflation, overall wages edged down 0.1%.(Adds more details from the release.)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.
The royal family “crisis” dominates the front pages on Tuesday.
Dove soap maker Unilever will remove the word "normal" from its beauty and personal care products, as well as stop digital alterations of body shapes and skin colour of models used in its advertising in a push to be more inclusive. The move from the London-based company, which is one of the top advertisers in the world, comes as it tries to move beyond the backlash it has faced for some of its advertising campaigns. Unilever was pushed to rename its top selling skin-lightening brand in India to "Glow & Lovely" from "Fair & Lovely" last year after facing consumer ire over negatively stereotyping darker skin tones.
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.
Word around the docks in Auckland is that defender Team New Zealand has a faster boat than Italian challenger Luna Rossa in the 36th match for the America’s Cup. More than the prevailing wind on the Hauraki Gulf where the best-of-13 race series begins on Wednesday, the dockside whisper has been constant that Team New Zealand’s 75-foot (23-meter) monohull Te Rehutai has achieved extraordinary speeds in practice sails. When gossip on the dock suggested it might even have exceeded 60 knots (111kph, 69mph), Team New Zealand issued a denial of sorts: “Tell him, he’s dreaming.”
National CineMedia, operator of the nation’s largest cinema advertising network, saw sales plunge and it swung into the red last quarter as more than half of all theaters were shuttered. On a conference call, execs noted recent agreements to expand outside of cinemas and said the company will be announcing another, a big one, in […]
(Bloomberg) -- U.S. airlines are urging the Biden administration to develop virus passports as coronavirus cases spread at the slowest pace since the pandemic began almost a year ago. The Centers for Disease Control and Prevention said vaccinated people can visit indoors without masks.The European Commission is “tired of being the scapegoat” for the slow rollout of vaccines, said President Ursula von der Leyen. U.K. Prime Minister Boris Johnson said more than a third of the population has received a first dose of the coronavirus vaccine as deaths from the disease continue to fall.Key Developments:Global Tracker: Cases pass 117 million; deaths approach 2.6 millionVaccine Tracker: More than 306 million shots given worldwideU.S. Spotlight: Variant’s spread in Florida shows threat to recovery‘Hassle factor’ and distrust shadow wide U.S. vaccine hesitancyCelebratory ‘vaxications’ are giving the travel industry a boostHow the pandemic darkens the picture on women’s pay: QuickTakeSubscribe to a daily update on the virus from Bloomberg’s Prognosis team here. Click CVID on the terminal for global data on cases and deaths.Airlines Urge U.S. to Develop Virus Passport (8 a.m. HK)U.S. airlines, joined by travel groups and labor, urged the Biden administration to take the lead in developing standards for temporary Covid-19 health credentials that would help reopen global travel by documenting vaccinations and test results.The U.S. “must be a leader” in efforts already underway in other regions to implement such travel passports, groups including Airlines for America said in a letter Monday to Jeffrey Zients, the head of President Joe Biden’s Covid-19 recovery team. It’s essential for the government to partner with carriers and the travel industry “to quickly develop” standards, they said.U.K. Variant Found in More Houston Wastewater (5:05 p.m. NY)The Covid-19 U.K. variant has spread to 79% of Houston’s wastewater treatment plants, alarming city officials concerned about a new surge in infections.As of Feb. 22 -- the most-recent date for which data was available -- the variant was found in 31 of the city’s 39 treatment sites, according to David Persse, Houston’s director of emergency medical services. That’s up from 21 plants, or 54%, two weeks earlier, Persse said.The announcement comes just two days before a statewide mask mandate and other business restrictions aimed at curbing the pandemic will be lifted under an order by Governor Greg Abbott.Russian Vaccine to Be Made in Italy (4:45 p.m. NY)A Swiss biopharmaceutical company will produce the Sputnik V Covid-19 vaccine at its Italian facilities, marking the first European production agreement for the Russian shot.Lugano, Switzerland-based Adienne Pharma & Biotech SA signed an agreement with Russian sovereign wealth fund RDIF to manufacture the vaccine at its production site near Milan, according to a statement on the company’s website. Italian regulators must still approve the production but several million doses are expected to be made by the end of the year.U.S. Airline Fliers Top 1 Million a Day (4:35 p.m. NY)U.S. airlines carried an average of more than 1 million passengers a day in the past week, the highest non-holiday total since the Covid-19 pandemic began gutting travel demand in the country almost a year ago.Sunday’s total of 1.28 million was the third highest since travel collapsed in mid-March 2020, according to data reported by the Transportation Security Administration. The only equivalent periods with that many fliers since March 17, 2020, have been during the traditionally busy Thanksgiving and Christmas periods.Florida Lowering Eligibility to Age 60 (3:10 p.m. NY)Florida Governor Ron DeSantis said the state is opening up the vaccine to everyone 60 and over starting on March 15, expanding general eligibility by five years from the previous starting age of 65.Speaking from Tallahassee Monday, DeSantis said the state still had more to do to vaccinate the 65-and-over community but that demand had started to “soften a little bit.”Official data show at least 2.6 million of the state’s 4.5 million seniors have gotten at least one shot, but the data are generally reported with a lag. DeSantis said he expected the number will increase to 3 million later this week.Dutch Lockdown Extended (2 p.m. NY)The Netherlands will extend its lockdown until the end of March, but slowly ease some restrictions, Dutch Prime Minister Mark Rutte said on Monday. A curfew from 9 p.m. until 4.30 a.m. will remain in place, but shopping on appointment will be expanded and adults are allowed to take part in outside sports with up to four people.The extension means the country, which suffered riots in January over virus curbs, will hold next week’s general election during a lockdown. Rutte also looked ahead to the summer, estimating that four more months are needed to reach a critical amount of vaccinated people to allow for significant easing of restrictions.WHO Concerned About Nations With Conflicts (1:35 p.m. NY)The World Health Organization expressed concern about nations facing conflicts that could halt or slow the response to the pandemic, including vaccinations, officials said at a briefing on Monday.“The response to the pandemic needs to be a public health response and we have to take out politics,” said Kate O’Brien, head of the WHO’s vaccination division. She said vaccines have a shelf life and risk being wasted if they’re not distributed on time.Myanmar, Yemen, Syria and Libya have all faced disruption to general health services.The WHO is having difficulty getting information on Covid and other health issues in many areas, according to Mike Ryan, head of the WHO health emergencies program.Wyoming Lifts Mask Requirement (1:35 p.m. NY)Wyoming will lift its mask requirement and permit bars, restaurants, theaters and gyms to resume normal operations March 16, Governor Mark Gordon said Monday.Wyoming “has seen significant success rolling out the vaccine,” according to a statement issued by the governor’s office.Health officials in neighboring Colorado last week directed counties to maintain safety protocols and Governor Jared Polis extended Colorado’s mask order for at least another 30 days. Gordon is a Republican. Polis is a Democrat.Chicago Ballparks to Allow Fans (1 p.m. NY)Chicago Mayor Lori Lightfoot said Wrigley Field, home to the Chicago Cubs, and Guaranteed Rate Field, home to the Chicago White Sox, will allow up to 20% capacity, starting on each baseball team’s opening day in April. That capacity may grow as vaccination and recovery efforts continue, but any jump in Covid-19 cases could prompt closures, the city said.Wrigley Field, the oldest ballpark in the National League, will be limited to 8,274 fans per game starting on April 1, the city said. Normal capacity is 41,374. Guaranteed Rate Field, home to the Chicago White Sox on the South Side, will be limited to 8,122 fans. Normally, the ballpark seats just over 40,000 guests.The move follows the city’s steps to ease Covid-19 restrictions as numbers improve. Chicago has already increased capacity at bars and restaurants to 50%.U.K. Vaccinates One-Third of Population (11:55 a.m. NY)More than one-third of the U.K. population has received a first dose of the coronavirus vaccine as deaths from the disease continue to fall.Prime Minister Boris Johnson announced the milestone at a news conference on Monday, the same day the government took its first major step in easing lockdown restrictions by reopening schools. “Today we’ve been able to take that crucial first step on what we hope is our cautious but irreversible roadmapto freedom,” he said. “The overwhelming feeling is one of relief.”CDC Loosens Rules for Vaccinated People (11:05 a.m. NY)Vaccinated people can visit indoors without masks but must still wear them in public and avoid large gatherings when around those who aren’t immunized or are at high risk for contracting Covid-19, the U.S. Centers for Disease Control and Prevention said Monday.The agency issued its long-awaited guidance for what fully vaccinated people can safely do, as inoculations rise but as health experts warn that the risk of the virus remains, especially with new variants.Broadly, the CDC recommended that fully vaccinated people can meet freely in private settings with other fully vaccinated people, but that several restrictions remain, including advising against travel and recommending mask-wearing in public.EU’s Von Der Leyen Rips Vaccine Critics (11 a.m. NY)The European Commission is “tired of being the scapegoat” for the slow rollout of vaccines, its president, Ursula von der Leyen, said as she continues to face pressure over the EU’s uncertain response to the pandemic.In a blistering counter-attack against criticism over the European Union’s sluggish Covid-19 vaccination program, von der Leyen refocused blame on manufacturers, notably AstraZeneca Plc, which she said hadn’t stockpiled doses as it started producing in Europe.Philippines Expects 20 Million Doses (10:50 a.m. NY)The Philippines expects to receive 20 million Covid-19 vaccine doses by June or July.About 1.1 million vaccine doses has arrived as of Monday, Carlito Galvez, who heads the nation’s vaccine-procurement efforts, said in a live-streamed briefing Monday evening. The government has administered about 44,000 doses, including in places outside the capital region, he said.Draghi Vows to Jump-Start Italy Vaccinations (10:50 a.m. NY)Prime Minister Mario Draghi pledged strong action to turn around Italy’s slow vaccination campaign, saying an exit path out of the coronavirus pandemic isn’t far away if the country can move faster on inoculations.Speaking via video, the newly appointed premier told a Rome conference that his priorities include fueling a recovery for Italy’s economy, which contracted 8.9% last year.NYC Mayor Praises J&J Shot (10:15 a.m. NY)New York City Mayor Bill de Blasio said the city has begun deploying the one-dose Johnson & Johnson vaccine and praised the shot as a way to reach home-bound seniors and other people who weren’t able to get the vaccine before. The city has initiated a program to bring shots directly into senior homes.“Finally we have the vaccine we need,” de Blasio said on a Monday virus briefing. “People want the J&J vaccine because its one-dose and you’re done.”In other news, the city will reopen high schools for in-person learning on March 22, bringing students in the U.S.’s largest public-school system back into classrooms a year after the pandemic closed it down.South African Strain Found in Colorado Prison (8:33 a.m. NY)Colorado has identified its first three cases of the South African virus variant at a state prison, officials said. One of the patients is an inmate and the other two are prison staff members at the Buena Vista Correctional Complex in rural Chaffee County. “These samples were chosen at random for sequencing as part of ongoing variant surveillance analysis,” according to a statement issued by the Colorado Department of Corrections.To date, 81 cases of the variant have been identified in the U.S., according to CDC data.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.
National Lottery funding to support the UK-wide response to the coronavirus pandemic has exceeded £1 billion according to new figures released today.
British consumers cut back heavily on spending as they spent a second month in a COVID-19 lockdown in February but confidence in the economy hit a 12-month high, payment card firm Barclaycard said on Tuesday. Consumer spending was 13.8% lower than a year before, similar to January's plunge of around 16%, Barclaycard said. Barclaycard said a survey which it had commissioned showed consumers' confidence in the wider economy rose by 4 percentage points to 28%, its highest point since the pandemic hit last year.
"We're still as in love today as we were the day we got married," said the Real Housewives of Beverly Hills star
The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the District of Massachusetts on behalf of those who acquired bluebird bio, Inc. ("bluebird" or the "Company") (NASDAQ: BLUE) securities from May 11, 2020 through November 4, 2020 (the "Class Period"). Investors have until April 13, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The Republican Party’s top lawyer says the First Amendment gives it the right to use the former president's name in its fundraising appeals.
The next launch window for a NASA crew to the International Space Station aboard a SpaceX rocketship has been pushed back by at least another two days, to no earlier than April 22, the space agency said. SpaceX, the private rocket company of billionaire entrepreneur Elon Musk, was previously scheduled to carry its second "operational" space station team into orbit for NASA in late March. The schedule was adjusted again on the basis of available flight times to the space station, driven by orbital mechanics, that would keep the astronauts' need for sleep shifting to a minimum, NASA spokesman Dan Huot said on Tuesday.
Which? said the findings have exposed concerning gaps in Google’s monitoring of its review platform.
Dove owner Unilever to ban excessive photo editing from its advertsCompany will remove word ‘normal’ from packaging of 200 products and increase its activist marketing A Dove advert from 2005. Photograph: PA