AP Trending SummaryBrief at 4:32 p.m. ESTDENVER--(BUSINESS WIRE)--Dec 13, 2024-- The Western Union Company (NYSE: WU) announced today that its Board of Directors approved a new $1 billion authorization for the Company to repurchase its common stock and declared a quarterly cash dividend of $0.235 per common share. The dividend will be payable December 31, 2024, to stockholders of record at the close of business on December 23, 2024. “We remain committed to returning capital to our shareholders with our disciplined approach focused on driving long-term shareholder value through both dividends and stock repurchases and today’s announcements allows us the flexibility to continue to do that,” said Devin McGranahan, President and Chief Executive Officer. Repurchases may be made at management’s discretion through open-market transactions, privately negotiated transactions, tender offers, Rule 10b5-1 plans, or by other means. The amount and timing of any repurchases made under the share repurchase program will depend on a variety of factors, including market conditions, share price, legal requirements, and other factors. The program does not have a set expiration date and may be suspended, modified, or discontinued at any time without prior notice. Safe Harbor Compliance Statement for Forward-Looking Statements This press release contains certain statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions that are difficult to predict. Actual outcomes and results may differ materially from those expressed in, or implied by, our forward-looking statements. Words such as “expects,” “intends,” “targets,” “anticipates,” “believes,” “estimates,” “guides,” “provides guidance,” “provides outlook,” “projects,” “designed to,” and other similar expressions or future or conditional verbs such as “may,” “will,” “should,” “would,” “could,” and “might” are intended to identify such forward-looking statements. Readers of this press release of The Western Union Company (the “Company,” “Western Union,” “we,” “our,” or “us”) should not rely solely on the forward-looking statements and should consider all uncertainties and risks discussed in the Risk Factors section and throughout the Annual Report on Form 10-K for the year ended December 31, 2023. The statements are only as of the date they are made, and the Company undertakes no obligation to update any forward-looking statement. Possible events or factors that could cause results or performance to differ materially from those expressed in our forward-looking statements include the following: (i) events related to our business and industry, such as: changes in general economic conditions and economic conditions in the regions and industries in which we operate, including global economic downturns and trade disruptions, or significantly slower growth or declines in the money transfer, payment service, and other markets in which we operate, including downturns or declines related to interruptions in migration patterns or other events, such as public health emergencies, epidemics, or pandemics, civil unrest, war, terrorism, natural disasters, or non-performance by our banks, lenders, insurers, or other financial services providers; failure to compete effectively in the money transfer and payment service industry, including among other things, with respect to price or customer experience, with global and niche or corridor money transfer providers, banks and other money transfer and payment service providers, including digital, mobile and internet-based services, card associations, and card-based payment providers, and with digital currencies and related exchanges and protocols, and other innovations in technology and business models; geopolitical tensions, political conditions and related actions, including trade restrictions and government sanctions, which may adversely affect our business and economic conditions as a whole, including interruptions of United States or other government relations with countries in which we have or are implementing significant business relationships with agents, clients, or other partners; deterioration in customer confidence in our business, or in money transfer and payment service providers generally; failure to maintain our agent network and business relationships under terms consistent with or more advantageous to us than those currently in place; our ability to adopt new technology and develop and gain market acceptance of new and enhanced services in response to changing industry and consumer needs or trends; mergers, acquisitions, and the integration of acquired businesses and technologies into our Company, divestitures, and the failure to realize anticipated financial benefits from these transactions, and events requiring us to write down our goodwill; decisions to change our business mix; changes in, and failure to manage effectively, exposure to foreign exchange rates, including the impact of the regulation of foreign exchange spreads on money transfers; changes in tax laws, or their interpretation, any subsequent regulation, and unfavorable resolution of tax contingencies; any material breach of security, including cybersecurity, or safeguards of or interruptions in any of our systems or those of our vendors or other third parties; cessation of or defects in various services provided to us by third-party vendors; our ability to realize the anticipated benefits from restructuring-related initiatives, which may include decisions to downsize or to transition operating activities from one location to another, and to minimize any disruptions in our workforce that may result from those initiatives; our ability to attract and retain qualified key employees and to manage our workforce successfully; failure to manage credit and fraud risks presented by our agents, clients, and consumers; adverse rating actions by credit rating agencies; our ability to protect our trademarks, patents, copyrights, and other intellectual property rights, and to defend ourselves against potential intellectual property infringement claims; material changes in the market value or liquidity of securities that we hold; restrictions imposed by our debt obligations; (ii) events related to our regulatory and litigation environment, such as: liabilities or loss of business resulting from a failure by us, our agents, or their subagents to comply with laws and regulations and regulatory or judicial interpretations thereof, including laws and regulations designed to protect consumers, or detect and prevent money laundering, terrorist financing, fraud, and other illicit activity; increased costs or loss of business due to regulatory initiatives and changes in laws, regulations and industry practices and standards, including changes in interpretations, in the United States and abroad, affecting us, our agents or their subagents, or the banks with which we or our agents maintain bank accounts needed to provide our services, including related to anti-money laundering regulations, anti-fraud measures, our licensing arrangements, customer due diligence, agent and subagent due diligence, registration and monitoring requirements, consumer protection requirements, remittances, immigration, and sustainability reporting including climate-related reporting; liabilities, increased costs or loss of business and unanticipated developments resulting from governmental investigations and consent agreements with, or investigations or enforcement actions by regulators and other government authorities; liabilities resulting from litigation, including class-action lawsuits and similar matters, and regulatory enforcement actions, including costs, expenses, settlements, and judgments; failure to comply with regulations and evolving industry standards regarding consumer privacy, data use, the transfer of personal data between jurisdictions, and information security, failure to comply with the Dodd-Frank Wall Street Reform and Consumer Protection Act, as well as regulations issued pursuant to it and the actions of the Consumer Financial Protection Bureau and similar legislation and regulations enacted by other governmental authorities in the United States and abroad related to consumer protection; effects of unclaimed property laws or their interpretation or the enforcement thereof; failure to maintain sufficient amounts or types of regulatory capital or other restrictions on the use of our working capital to meet the changing requirements of our regulators worldwide; changes in accounting standards, rules and interpretations, or industry standards affecting our business; and (iii) other events, such as catastrophic events and management’s ability to identify and manage these and other risks. About Western Union The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments—across more than 200 countries and territories and nearly 130 currencies—to connect with billions of bank accounts, millions of digital wallets and cards, and a global footprint of hundreds of thousands of retail locations. Our goal is to offer accessible financial services that help people and communities prosper. For more information, visit www.westernunion.com . WU-G View source version on businesswire.com : https://www.businesswire.com/news/home/20241213394701/en/ CONTACT: Media Relations: Brad Jones media@westernunion.comInvestor Relations: Tom Hadley WesternUnion.IR@westernunion.com KEYWORD: COLORADO UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SOFTWARE PERSONAL FINANCE PAYMENTS FINANCE BANKING PROFESSIONAL SERVICES TECHNOLOGY FINTECH SOURCE: The Western Union Company Copyright Business Wire 2024. PUB: 12/13/2024 04:05 PM/DISC: 12/13/2024 04:04 PM http://www.businesswire.com/news/home/20241213394701/en48 jili 。

FIUGGI, Italy (AP) — Foreign ministers from leading industrialized countries threw their strong support Tuesday behind an immediate ceasefire between Israel and the Lebanese militant group Hezbollah but sidestepped the question of whether to enforce an international arrest warrant for Israel’s leader over the war in Gaza. In their final communique, the Group of Seven ministers demanded Israel “facilitate full, rapid, safe and unhindered humanitarian assistance in all its forms” to Palestinians in Gaza, warning that its yearlong assault had led to unprecedented food insecurity. But they didn’t refer explicitly to the Hague-based International Criminal Court and its arrest warrants on charges of crimes against humanity for Israeli Prime Minister Benjamin Netanyahu and his former defense minister, Yoav Gallant. The warrants said there was reason to believe Netanyahu and Gallant have used “starvation as a method of warfare” by restricting humanitarian aid and have intentionally targeted Palestinian civilians in Israel’s war with Hamas in Gaza — charges Israeli officials deny. Italy had put the ICC warrants on the official G7 meeting agenda, even though members were split on the issue and the right-wing government of Premier Giorgia Meloni, a strong supporter of Israel, said they were politically motivated. The U.S., Israel’s closest ally, isn’t a member of the court and has called the warrants “outrageous.” All the other G7 countries are signatories and are obliged to respect and implement the court’s decisions. The final statement adopted by the ministers said Israel must uphold its international humanitarian obligations. And it said all G7 members — Canada, France, Germany, Italy, Japan, the United Kingdom and the United States — “reiterate our commitment to international humanitarian law and will comply with our respective obligations.” Pressed on whether Italy would arrest Netanyahu if he stepped foot on Italian soil, Foreign Minister Antonio Tajani said he believed the warrants were “unenforceable” since Netanyahu is a sitting head of a government that isn’t a member of the court. When asked if that same logic applies to Russian President Vladimir Putin, who is also the subject of an ICC warrant, Tajani said the situations were different. “You have to be very pragmatic because when something in theory isn’t applicable, it runs the risk of being just a political message.” The G7 meeting of foreign ministers, the last of the Biden administration, was dominated by the wars in Gaza and Lebanon. Ministers were heartened by indications that a ceasefire might soon be announced between Israel and Hezbollah. U.S. Secretary of State Antony Blinken said a deal would also improve prospects for a ceasefire in Gaza. “Because one of the things that Hamas has sought from Day One is to get others in on the fight to create multiple fronts, to make sure that Israel is having to fight in a whole series of different places,” he said. “And as long as it’s thought that that was possible, that’s one of the reasons it’s held back from doing what’s necessary to end the conflict. Now, it seems that the cavalry is not on the way. That may incentivize it to do what it needs to do to end this conflict.” The G7 ministers were joined by the foreign ministers of the “Arab Quintet” — Saudi Arabia, Jordan, Egypt, Qatar and the United Arab Emirates. The EU’s top diplomat, Josep Borrell, said Tuesday there were “no excuses” for Israel to refuse to accept a ceasefire , saying all its security concerns had been addressed in the U.S.-French-brokered deal. Borrell said under the proposed agreement, the U.S. would chair a ceasefire implementation committee, with France participating at Lebanon’s request. The outgoing EU foreign policy chief also called for increased pressure on Israel to not give into extremists in the government who were refusing to accept the deal. Speaking on the sidelines of the G7 meeting, he warned that if a ceasefire is not implemented, “Lebanon will fall apart.” Following the Oct. 7, 2023, Hamas attack in Israel, months of fighting between Israel and the Iranian-backed Hezbollah have erupted into a full-blown war in recent months, with Israel killing Hezbollah’s main leaders and sending ground forces into southern Lebanon. Israeli bombardment has killed more than 3,500 people in Lebanon and wounded more than 15,000, according to the Lebanese Health Ministry. On the Israeli side, about 90 soldiers and nearly 50 civilians have been killed by rockets, drones and missiles in northern Israel and in the fighting on the ground in Lebanon. Borrell, whose term ends Dec. 1, also said he proposed to the G7 and Arab ministers that the U.N. Security Council take up a resolution specifically demanding humanitarian assistance reach Palestinians in Gaza, saying deliveries there have been completely impeded. While the G7 meeting was dominated Monday by the Mideast conflicts, attention turned Tuesday to Ukraine. Ukrainian Foreign Minister Andrii Sybiha briefed the ministers on Russian attacks on Ukraine’s energy infrastructure. In their final statement, the ministers condemned Russia’s use of North Korean troops in Ukraine and its “irresponsible and threatening nuclear rhetoric .” The G7 has been at the forefront of providing military and economic support for Ukraine since Russia’s full-scale invasion in February 2022, and G7 members are concerned about how the incoming Trump administration will change the U.S. approach. U.S. President-elect Donald Trump has criticized the billions of dollars that the Biden administration has poured into Ukraine and has said he could end the war in 24 hours — comments that appear to suggest he would press Ukraine to surrender territory that Russia now occupies. Tensions have heightened since Russia attacked Ukraine last week with an experimental, hypersonic ballistic missile . Russian President Vladimir Putin said the strike was retaliation for Kyiv’s use of U.S. and British longer-range missiles capable of striking deeper into Russian territory. The final G7 communique vowed the group’s continued commitment to Ukraine. “Our support for Ukraine’s territorial integrity, sovereignty and independence will remain unwavering,” the ministers said. Blinken, at his final G7 before the Biden administration leaves office, said he was certain Europe would continue its assistance to Ukraine and that he would do his best in the remaining weeks to do Washington’s part. “What we’re determined to do in the remainder of this administration is to do everything possible to ensure that Ukraine has what it needs to be able ... to fight through 2025 if necessary, or if there’s a negotiation, be able to negotiate from a position of strength,” he said. AP visual journalist Paolo Santalucia contributed.

HOUSTON (AP) — An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001. Read this article for free: Already have an account? To continue reading, please subscribe: * HOUSTON (AP) — An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001. Read unlimited articles for free today: Already have an account? HOUSTON (AP) — An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001. If its return is comedic, some former employees who lost everything in Enron’s collapse aren’t laughing. “It’s a pretty sick joke and it disparages the people that did work there. And why would you want to even bring it back up again?” said former Enron employee Diana Peters, who represented workers in the company’s bankruptcy proceedings. Here’s what to know about the history of Enron and the purported effort to bring it back. What happened at Enron? Once the nation’s seventh-largest company, Enron filed for bankruptcy protection on Dec. 2, 2001, after years of accounting tricks could no longer hide billions of dollars in debt or make failing ventures appear profitable. The energy company’s collapse put more than 5,000 people out of work, wiped out more than $2 billion in employee pensions and rendered $60 billion in Enron stock worthless. Its aftershocks were felt throughout the energy sector. Twenty-four Enron executives, including former CEO Jeffrey Skilling, were eventually convicted for their roles in the fraud. Enron founder Key Lay’s convictions were vacated after he died of heart disease following his 2006 trial. Is Enron coming back? On Monday — the 23rd anniversary of the bankruptcy filing — a company representing itself as Enron announced in a news release that it was relaunching as a “company dedicated to solving the global energy crisis.” It also posted a video on social media, advertised on at least one Houston billboard and a took out a full-page ad in the Houston Chronicle In the minute-long video that was full of generic corporate jargon, the company talks about “growth” and “rebirth.” It ends with the words, “We’re back. Can we talk?” Enron’s new website features a company store, where various items featuring the brand’s tilted “E” logo are for sale, including a $118 hoodie. In an email, company spokesperson Will Chabot said the new Enron was not doing any interviews yet, but that “We’ll have more to share soon.” Signs point to the comeback being a joke. In the “terms of use and conditions of sale” on the company’s website, it says “the information on the website about Enron is First Amendment protected parody, represents performance art, and is for entertainment purposes only.” Documents filed with the U.S. Patent and Trademark Office show that College Company, an Arkansas-based LLC, owns the Enron trademark. The co-founder of College Company is Connor Gaydos, who helped create a joke conspiracy theory that claims all birds are actually surveillance drones for the government. What do former Enron employees think of the company’s return? Peters said that since learning about the “relaunch” of Enron, she has spoken with several other former employees and they are also upset by it. She said the apparent stunt was “in poor taste.” Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. “If it’s a joke, it’s rude, extremely rude. And I hope that they realize it and apologize to all of the Enron employees,” Peters said. Peters, who is 74 years old, said she is still working in information technology because “I lost everything in Enron, and so my Social Security doesn’t always take care of things I need done.” “Enron’s downfall taught us critical lessons about corporate ethics, accountability, and the consequences of unchecked ambition. Enron’s legacy was the employees in the trenches. Leave Enron buried,” she said. ___ Follow Juan A. Lozano on X at https://x.com/juanlozano70 Advertisement Advertisement

Shares of off-price department store retailer Burlington Stores Inc ($BURL) were in the spotlight after the firm reported upbeat third-quarter earnings. Total revenue rose 10.5% year-over-year (YoY) to $2.53 billion during the quarter, but fell short of a Wall Street estimate of $2.55 billion. Adjusted earnings per share (EPS) came in at $1.55 compared to an estimate of $1.54. Net income rose 86% YoY to $90.6 million during the quarter. CEO Michael O’Sullivan said although the third quarter comp trend started out very strongly, but then warmer temperatures from mid-September onwards slowed the sales momentum. “Cold Weather categories represent about 15% of sales in the third quarter. Excluding these categories, our comp growth in the third quarter was 4%, which is consistent with the trend that we have seen in our business since March. We are very encouraged by this underlying comp sales trend,” O’Sullivan said. For the full fiscal-year 2024, the company expects total sales to increase in the range of 9% to 10% on top of the 10% increase for the 52-weeks ended Jan. 27, 2024. Adjusted EPS is expected in the range of $7.76 to $7.96, which excludes $0.11, net of tax, of expenses associated with the acquired Bed Bath & Beyond leases. Following the earnings announcement, retail sentiment on Stocktwits jumped into the ‘extremely bullish’ territory (77/100) from ‘extremely bearish’ a day ago, accompanied by extremely high retail chatter that hit a one-year high. Shares of Burlington Stores were down nearly 1% on Tuesday. The stock has gained over 48% on a year-to-date basis, significantly outperforming the benchmark U.S. indices. For updates and corrections email newsroom[at]stocktwits[dot]com.

PM Images Cognizant Technology Solutions Corp. ( NASDAQ: CTSH ) is a $40 billion player in the IT sector, specializing in software and technical services to clients ranging from diverse industries, including healthcare, financial services, communications, media, and technology. The company boasts deep expertise in digital engineering, cloud services, and most Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.California Democrat flips final House seat, dealing Republicans narrow majority

UK ready for ‘all eventualities’ if Trump launches trade war, says Reynolds

In the current market session, Apple Inc. AAPL stock price is at $254.02, after a 0.18% drop. However, over the past month, the company's stock spiked by 8.07% , and in the past year, by 31.58% . Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session. Apple P/E Compared to Competitors The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. Apple has a better P/E ratio of 41.86 than the aggregate P/E ratio of 34.77 of the Technology Hardware, Storage & Peripherals industry. Ideally, one might believe that Apple Inc. might perform better in the future than it's industry group, but it's probable that the stock is overvalued. In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.What ails the Democratic Party? Since Kamala Harris’ defeat, several Democrats and center-left commentators have pointed the finger at one culprit: “the groups.” Specifically, they claim, progressive interest and activist groups have both moved too far left and grown far too influential in the Democratic coalition, pushing the party to adopt stances out of step with the median voter on a range of different issues. This, they say, has backfired electorally and will ultimately hurt the people the groups claim to want to help. Yet this critique has been met with an impassioned backlash from progressives and leftists. Some argue the blame is misplaced and the supposed power of these progressive groups has been exaggerated. Others argue that inflation — a global phenomenon — was the main reason for Harris' defeat, so a groups-focused diagnosis misses the point. And yet others argue that progressive groups represent morally righteous causes that Democrats should not abandon — for instance, that moderation would amount to throwing marginalized groups “under the bus.” This debate is now in full swing. In some ways, it’s a continuation of the debate over social justice politics and “wokeness” that has been raging for years. But it extends well beyond that — on climate change, economic policy, immigration, voting reforms, reproductive rights, child care, and many others, the influence of such nonprofit groups on Democrats’ strategic decision-making has been immense in recent years. And yet there’s more to the story than just the groups. The bigger picture is that Democrats are reckoning with the apparent end of a years-long trend in which liberal college graduates’ opinions kept moving further left, a trend that influenced all actors in the party. The debate now is over whether and how Democrats should respond to electoral defeat — by moving to the center and trying to moderate their positions, sticking to their guns, or moving even further left. What does seem clear is that, for the time being at least, the leftward shift has stopped since Biden took office. A backlash to progressive activists’ preferred policies on several issues, including criminal justice and immigration, is in full swing. And, of course, Harris lost. How much blame, if any, “the groups” should get for that has become a matter of intense debate. Progressive group defenders point out that Harris tried to pivot to the center and that the Biden administration’s record on inflation and immigration were her two biggest vulnerabilities. The groups’ critics say Harris' group-influenced positions from the 2020 primary weighed her down, and Democrats ran into political trouble on inflation and immigration in part because of the groups’ bad advice. How the Democratic world — its groups, donors, activists, media outlets, staffers, and politicians — responds to all this is yet to be seen. There are past models. In the 1980s, after the landslide defeats of three successive Democratic presidential nominees, various reform factions tried to moderate the party, arguing that they’d gotten out of touch with the median voter and were too beholden to “special interests.” Bill Clinton became affiliated with these reformers, and won the presidency in 1992. In contrast, the model of Democrats between 2004 (when John Kerry lost) to 2008 (when Obama won big) may suggest a sweeping overhaul of the party’s positions isn’t necessary. After all, Harris came pretty close to winning. Perhaps Trump will govern poorly and Democrats will return to power having changed little. And perhaps the apparent end of the leftward opinion shift among liberal college graduates will be enough to effectively weaken the power of the groups. Another model, oddly enough, is Trump. Before his rise, the Republican Party was tethered to an unpopular “free market” economic agenda involving Medicare cuts and free trade pushed by donor-financed advocacy groups. In 2016, Trump distanced himself from that agenda, and in doing so revealed those groups had little actual power. Then, in 2024, it was the anti-abortion groups that looked to be a political millstone for Trump — so he distanced himself from them. For Democrats now, there are some nascent attempts to challenge the group-dominated status quo. Yet others are skeptical of how much Democrats will — and should – change. “Democrats declaring independence from liberal and progressive interest groups can’t and likely won’t happen,” the commentator Michael A. Cohen (not Trump’s former lawyer) wrote on Substack. “For better or worse, these groups are the modern Democratic Party. If Democrats hope to retake political power in Washington, they must ensure that these groups are enthusiastic, mobilized, and remain firmly ensconced in the Democrats’ corner.” Indeed, the politics of the war in Gaza may be a cautionary tale in this regard. Biden and Harris ignored progressive groups by remaining supportive of Israel — but as a result, Harris faced regular criticism from activists and negative coverage throughout the campaign. The groups might not be so effective at winning Democrats votes — but they still might be able to drive some away. Andrew Prokop is a senior politics correspondent at Vox. His columns are syndicated by Tribune Content Agency. Get local news delivered to your inbox!The standard Lorem Ipsum passage, used since the 1500s "Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum." Section 1.10.32 of "de Finibus Bonorum et Malorum", written by Cicero in 45 BC "Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?" Thanks for your interest in Kalkine Media's content! To continue reading, please log in to your account or create your free account with us.By Michelle Marchante, Miami Herald (TNS) MIAMI — As her students finished their online exam, Arlet Lara got up to make a cafe con leche . Her 16-year-old son found her on the kitchen floor. First, he called Dad in a panic. Then 911. “I had a stroke and my life made a 180-degree turn,” Lara told the Miami Herald, recalling the medical scare she experienced in May 2020 in the early months of the COVID pandemic. “The stroke affected my left side of the body,” the North Miami woman and former high school math teacher said. Lara, an avid runner and gym goer, couldn’t even walk. “It was hard,” the 50-year-old mom said. After years of rehabilitation therapy and a foot surgery, Lara can walk again. But she still struggles with moving. This summer, she became the first patient in South Florida to get an implant of a new and only FDA-approved nerve stimulation device designed to help ischemic stroke survivors regain movement in their arms and hands. This first procedure was at Jackson Memorial Hospital in Miami. Lara’s rehab was at at the Christine E. Lynn Rehabilitation Center for The Miami Project to Cure Paralysis, part of a partnership between Jackson Health System and UHealth. Every year, thousands in the United States have a stroke , with one occurring every 40 seconds, according to the U.S. Centers for Disease Control and Prevention. The majority of strokes are ischemic, often caused by blood clots that obstruct blood flow to the brain. For survivors, most of whom are left with some level of disability, the Vivistim Paired VNS System, the device implanted in Lara’s chest, could be a game changer in recovery, said Dr. Robert Starke, a UHealth neurosurgeon and interventional neuroradiologist. He also serves as co-director of endovascular neurosurgery at Jackson Memorial Hospital, part of Miami-Dade’s public hospital system. Arlet Lara, the first patient in South Florida to get an FDA-approved nerve stimulation implant, right, runs into her rehabilitation neurology physician Dr. Gemayaret Alvarez, before her physical therapy appointment on Monday, Sept. 9, 2024, at Lynn Rehabilitation Center at Jackson Memorial Hospital. The implant is designed to help stroke survivors regain function in their arms. (Alie Skowronski/Miami Herald/TNS) Arlet Lara, the first patient in South Florida to get an FDA-approved nerve stimulation implant designed to help stroke survivors regain function in their arms, goes through exercises while her therapist activates the device during her physical therapy appointment on Monday, Sept. 9, 2024, at Lynn Rehabilitation Center at Jackson Memorial Hospital. The activation works as positive reinforcement to her muscles when she completes the exercise correctly. (Alie Skowronski/Miami Herald/TNS) Arlet Lara, the first patient in South Florida to get an FDA-approved nerve stimulation implant, does an exercise while Neil Batungbakal, rehabilitation therapist, activates the implant with the black trigger during her physical therapy appointment on Monday, Sept. 9, 2024, at Lynn Rehabilitation Center at Jackson Memorial Hospital. The implant is designed to help stroke survivors regain function in their arms. The activation works as positive reinforcement to her muscles when she completes the exercise correctly. (Alie Skowronski/Miami Herald/TNS) Arlet Lara, the first patient in South Florida to get an FDA- approved nerve stimulation implant, does an exercise while Neil Batungbakal, rehabilitation therapist, activates the implant with the black trigger during her physical therapy appointment on Monday, Sept. 9, 2024, at Lynn Rehabilitation Center at Jackson Memorial Hospital. Arlet Lara, the first patient in South Florida to get an FDA-approved nerve stimulation implant, right, runs into her rehabilitation neurology physician Dr. Gemayaret Alvarez, before her physical therapy appointment on Monday, Sept. 9, 2024, at Lynn Rehabilitation Center at Jackson Memorial Hospital. The implant is designed to help stroke survivors regain function in their arms. (Alie Skowronski/Miami Herald/TNS) The Vivistim Paired VNS System is a small pacemaker-like device implanted in the upper chest and neck area. Patients can go home the same day. The U.S. Food and Drug Administration approved the stroke rehabilitation system in 2021 to be used alongside post-ischemic stroke rehabilitation therapy to treat moderate to severe mobility issues in hands and arms. Lara’s occupational therapist can activate the device during rehabilitation sessions to electrically stimulate the vagus nerve, which runs from the brain down to the abdomen and regulates various parts of the body’s nervous system. The electrical stimulation rewires the brain to improve a stroke survivor’s ability to move their arms and hands. Lara also has a magnet she can use to activate the device when she wants to practice at home. Her therapy consists of repetitive tasks, including coloring, pinching cubes and grabbing and releasing cylindrical shapes. After several weeks of rehabilitation therapy with the device, Lara has seen improvement. “Little by little, I’m noticing that my hand is getting stronger. I am already able to brush my teeth with the left hand,” she told the Miami Herald in September. Since then, Lara has finished the initial six-week Vivitism therapy program, and is continuing to use the device in her rehabilitation therapy. She continues to improve and can now eat better with her left hand and can brush her hair with less difficulty, according to her occupational therapist, Neil Batungbakal. Lara learned about the device through an online group for stroke survivors and contacted the company to inquire. She then connected them with her Jackson medical team. Now a year later, the device is available to Jackson patients. So far, four patients have received the implant at Jackson. Starke sees the device as an opportunity to help bring survivors one step closer to regaining full mobility. Strokes are a leading cause of disability worldwide. While most stroke survivors can usually recover some function through treatment and rehabilitation, they tend to hit a “major plateau” after the first six months of recovery, he said. Vivistim, when paired with rehabilitation therapy, could change that. Jackson Health said results of a clinical trial published in the peer-reviewed medical journal The Lancet in 2021 showed that the device, “when paired with high-repetition, task-specific occupational or physical therapy, helps generate two to three times more hand and arm function for stroke survivors than rehabilitation therapy alone.” The device has even shown to benefit patients 20 years from their original stroke, according to Starke. “So now a lot of these patients that had strokes 10-15 years ago that thought that they would never be able to use their arm in any sort of real functional way are now able to have a real meaningful function, which is pretty tremendous,” Starke said. Vivistim’s vagus-nerve stimulation technology was developed by researchers at the University of Texas at Dallas’ Texas Biomedical Device Center and is being sold commercially by Austin-based MicroTransponder, a company started by university graduates. Similar devices are used to treat epilepsy and depression . For Lara, the device is a new tool to help her recovery journey. “Everything becomes a challenge so we are working with small things every day because I want to get back as many functions as possible,” Lara said. Patients interested in Vivistim should speak with their doctor to check their eligibility. The FDA said patients should make sure to discuss any prior medical history, including concurrent forms of brain stimulation, current diathermy treatment, previous brain surgery, depression, respiratory diseases and disorders such as asthma, and cardiac abnormalities. “Adverse events included but were not limited to dysphonia (difficulty speaking), bruising, falling, general hoarseness, general pain, hoarseness after surgery, low mood, muscle pain, fracture, headache, rash, dizziness, throat irritation, urinary tract infection and fatigue,” the FDA said. MicroTransponder says the device is “covered by Medicare, Medicaid, and private insurance with prior authorization on a case-by-case basis.” To learn more about the device, visit vivistim.com. ©2024 Miami Herald. Visit at miamiherald.com. Distributed by Tribune Content Agency, LLC.

Wild first season in expanded Big 12 comes down to final weekendU.S. President-elect Donald Trump on Wednesday tapped Jared Isaacman to lead NASA, selecting a billionaire private astronaut and business associate of Elon Musk to oversee an agency closely linked to the SpaceX founder's business. Isaacman, CEO of payment processing company Shift4 Payments, has flown to space twice on SpaceX capsules in fully private missions arranged by his Polaris program, working with Musk and spending hundreds of millions of dollars as a key customer of SpaceX's nascent private astronaut business. If confirmed by the Senate, Isaacman, who has no government or political experience, would oversee the National Aeronautics and Space Administration's roughly $25 billion budget. The agency's top priority has been returning humans to the moon under its Artemis program, an effort promoted by Trump during his first term that will lean heavily on SpaceX's Starship. "Jared will drive NASA's mission of discovery and inspiration, paving the way for groundbreaking achievements in Space science, technology, and exploration," Trump said in a post on his Truth Social platform. Trump's pick for NASA came months earlier than in past presidential transitions as Musk, SpaceX's CEO and founder as well as major donor to Trump's election campaign, has used his close proximity to the president-elect to discuss missions to Mars and other space exploration matters that could boost SpaceX. Trump attended SpaceX's sixth Starship test launch in Texas last month. Isaacman, 41, is expected to deepen the agency's strategy of depending on private companies for accessing space as a commercial service. This has posed an existential threat to NASA's Space Launch System rocket, a massive, over-budget launch vehicle built by Boeing and Northrop Grumman and a crucial element of its Artemis program alongside Starship. "Space holds unparalleled potential for breakthroughs in manufacturing, biotechnology, mining, and perhaps even pathways to new sources of energy," Isaacman said in a statement, adding he is "passionate about America leading the most incredible adventure in human history." Isaacman would also command the agency's aeronautics portfolio, which has been funding green aviation concepts, and a sprawling space science unit that in some areas has faced layoffs and budget cuts under Democratic President Joe Biden. NASA's last two appointed administrators were former politicians. Trump's first NASA chief, former Oklahoma congressman Jim Bridenstine, launched the Artemis program and persuaded Congress to increase the agency's budget to fund it. Biden appointed former U.S. Senator Bill Nelson of Florida to run NASA. Dozens of space industry veterans and lobbyists had recommended candidates for NASA chief including SpaceX's Kathy Lueders, who has overseen the company's Starship operation in Texas, and California Republican Representative Mike Garcia, who lost reelection last month, according to five people close to the nomination effort. Isaacman in September was one of four crew members to conduct the first-ever private spacewalk in orbit, using new SpaceX-built spacesuits in a novel mission he helped bankroll.BOSTON — Boston City Councilor Tania Fernandes Anderson is the subject of a federal investigation, and subpoenas have been issued to City Hall in relation to the probe, the Herald has learned. The nature and circumstances of the investigation into the second-term city councilor have not been revealed, and no criminal charges have been filed. The city acknowledged the existence of a federal subpoena or subpoenas that have been “issued to the Boston City Council or specific city councilors” in a Friday response to a Herald public records request that sought “information and/or documents relating to federal subpoenas that have been issued to Boston City Hall, the Boston City Council, Boston City Councilor Tania Fernandes Anderson and any of the 13 city councilors from Jan. 1, 2024 to Nov. 14, 2024. The city declined to provide the subpoena or subpoenas, which the Herald has learned pertained to a probe involving Fernandes Anderson, saying that it reached out to the Massachusetts U.S. Attorney’s office to confirm that the “investigatory exemption” of the public records law applied in this instance. According to the U.S. Attorney’s office, release of such information could impair the “integrity of a grand jury investigation,” per the city’s records response. When reached for comment, a spokesperson for the U.S. Attorney’s office declined to comment, saying that the office “can’t confirm or deny an investigation.” Fernandes Anderson, who represents District 7 which includes Roxbury, Dorchester, the South End and Fenway, did not immediately respond to the Herald’s request for comment. She declined to comment when reached by the Boston Globe on Tuesday, per a report from the outlet. “I don’t want to comment on it,” Fernandes Anderson, the first African immigrant and Muslim American elected to the City Council, told the Globe. City Council President Ruthzee Louijeune said in a statement to the Herald that “it is important to respect the legal process.” “Drawing any conclusions right now would be premature,” Louijeune said. “As the president of the Boston City Council and as a lawyer, I want to emphasize that any actions that are found to undermine the law must be taken very seriously. “The work of the Council will proceed without disruption and we will remain focused on the issues most important to residents, including acting with integrity as a body,” Louijeune added. “At this time, I will refrain from any further comments, while urging everyone to avoid speculation and to respect due process.” The existence of a federal probe is the latest controversy for a city councilor who has had her fair share since taking office roughly three years ago. Last month, Fernandes Anderson was hit with a number of state campaign finance violations, per a Nov. 14 letter from the Office of Campaign and Political Finance. The violations included her failure to report roughly $32,900 of $34,500 of campaign contributions over an 11-month period in a timely fashion, and receipt of individual contributions in excess of the $1,000 state limit. The letter notes that the Anderson Committee took steps to resolve the excess contributions, by purging $1,750 to the Commonwealth on Sept. 26 to resolve the individual matter, and refunding $100 to the committee of a state senator that had sent a second $100 contribution in the same calendar year to Fernandes Anderson. Only one $100 contribution per year between two campaign committees is allowed by state law. Fernandes Anderson admitted to a state ethics violation last year for hiring her sister and son to paid positions on her City Council staff and paid a $5,000 fine. The State Ethics Commission said Fernandes Anderson appointed her sister and son to full-time positions in 2022, her first year on the Council. She also chose to increase their salaries, and in the case of her sister, award a $7,000 bonus. Fernandes Anderson set her sister’s salary at $65,000. She awarded her sister a raise in June 2022, increasing her salary to $70,000 and tacking on a $7,000 bonus, the Ethics Commission said. In June 2022, Fernandes Anderson appointed her son as her full-time office manager at an annual salary of $52,000. She participated in the Council’s July 15 vote to approve the appointment. Eleven days later, the councilor increased her son’s salary to $70,000, the Commission said. Fernandes Anderson addressed the matter in several tweets in July 2023 upon the ethics violation becoming public saying that she “messed up” and referencing her sister, said, “You are my everything and if it wasn’t unethical, I’d do it again.” More recently, a video of Fernandes Anderson not saying the oath of office during this past January’s inauguration, in violation of the city charter, went viral on social media. Fernandes Anderson retook the oath privately with the city clerk days later. In a social media statement at the time, she said she had been “internalizing” her oath and “committing a prayer between myself and God.” The 13 city councilors now make a $115,000 salary, after starting the year with an $11,500 pay hike. The last city councilor to be subject to a federal probe while in office was the late Chuck Turner who was sentenced to three years in jail in 2018 for pocketing a $1,000 bribe from an informant who claimed to be seeking a liquor license. Turner sued the city for $350,000 after being booted off the City Council in 2010 following the conviction, and settled for $106,000 eight years later, after the courts ruled that the Council violated its own rules because under state law, elected officials can only be removed from the body after sentencing, not conviction. --------- ©2024 MediaNews Group, Inc. Visit at bostonherald.com . Distributed by Tribune Content Agency, LLC.

Marvell Technology, Inc. Declares Quarterly Dividend PaymentReeves must unlock the magic of AI if she wants to meet her growth targets, says ALEX BRUMMERDAISO NEW STORE OPENING IN VISTA, CALIFORNIA

NoneRevolve to present at the Small Cap Growth Virtual Investor Conference December 5thWith word of these levies against goods imported from Mexico, Canada and China, Trump sent auto industry stocks plummeting, raised fears for global supply chains and unnerved the world's major economies. For Washington-watchers with memories of the Republican's first term, the impromptu policy volley on Monday evening foreshadowed a second term of startling announcements of all manner, fired off at all hours of the day from his smartphone. "Donald Trump is never going to change much of anything," said Larry Sabato, a leading US political scientist and director of the University of Virginia's Center for Politics. "You can expect in the second term pretty much what he showed us about himself and his methods in the first term. Social media announcements of policy, hirings and firings will continue." The first of Trump's tariff announcements -- a 25 percent levy on everything coming in from Mexico and Canada -- came amid an angry rebuke of lax border security at 6:45 pm on Truth Social, Trump's own platform. The United States is bound by agreements on the movement of goods and services brokered by Trump in a free trade treaty with both nations during his first term. But Trump warned that the new levy would "remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country" -- sowing panic from Ottawa to Mexico City. Seconds later, another message from the incoming commander-in-chief turned the focus on Chinese imports, which he said would be hit with "an additional 10% Tariff, above any additional Tariffs." The consequences were immediate. Almost every major US automaker operates plants in Mexico, and shares in General Motors and Stellantis -- which produce pickup trucks in America's southern neighbor -- plummeted. Canada, China and Mexico protested, while Germany called on its European partners to prepare for Trump to impose hefty tariffs on their exports and stick together to combat such measures. The tumult recalls Trump's first term, when journalists, business leaders and politicians at home and abroad would scan their phones for the latest pronouncements, often long after they had left the office or over breakfast. During his first four years in the Oval Office, the tweet -- in those days his newsy posts were almost exclusively limited to Twitter, now known as X -- became the quasi-official gazette for administration policy. The public learned of the president-elect's 2020 Covid-19 diagnosis via an early-hours post, and when Iranian Revolutionary Guards commander Qasem Soleimani was assassinated on Trump's order, the Republican confirmed the kill by tweeting a US flag. The public and media learned of numerous other decisions big and small by the same source, from the introduction of customs duties to the dismissal of cabinet secretaries. It is not a communication method that has been favored by any previous US administration and runs counter to the policies and practices of most governments around the world. Throughout his third White House campaign, and with every twist and turn in his various entanglements with the justice system, Trump has poured his heart out on Truth Social, an app he turned to during his 20-month ban from Twitter. In recent days, the mercurial Republican has even named his attorney general secretaries of justice and health via announcements on the network. "He sees social media as a tool to shape and direct the national conversation and will do so again," said political scientist Julian Zelizer, a Princeton University professor. cjc/ft/dw/bjt

SANTA CLARA, Calif. , Dec. 3, 2024 /PRNewswire/ -- Today Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, announced financial results for its third quarter fiscal year 2025 ended November 3, 2024. "Pure Storage has achieved another industry first in our journey of data storage innovation with a transformational design win for our DirectFlash technology in a top-four hyperscaler," said Pure Storage Chairman and CEO Charles Giancarlo . "This win is the vanguard for Pure Flash technology to become the standard for all hyperscaler online storage, providing unparalleled performance and scalability while also reducing operating costs and power consumption." Third Quarter Financial Highlights Revenue $831.1 million , an increase of 9% year-over-year Subscription services revenue $376.4 million , up 22% year-over-year Subscription annual recurring revenue (ARR) $1.6 billion , up 22% year-over-year Remaining performance obligations (RPO) $2.4 billion , up 16% year-over-year GAAP gross margin 70.1%; non-GAAP gross margin 71.9% GAAP operating income $59.7 million ; non-GAAP operating income $167.3 million GAAP operating margin 7.2%; non-GAAP operating margin 20.1% Q3 operating cash flow $97.0 million ; free cash flow $35.2 million Total cash, cash equivalents, and marketable securities $1.6 billion Returned approximately $182 million in the third quarter to stockholders through share repurchases of 3.6 million shares "Our third quarter results exceeded our expectations on revenue and operating income, demonstrating the sustaining strength of our business models," said Kevan Krysler , Pure Storage CFO. "We remain focused on driving both near-term results and long-term value creation through disciplined investments and innovation that position Pure as the leader in transforming the data storage landscape." Third Quarter Company Highlights Leading the Hyperscale Opportunity: With its industry-first design win with a top-four hyperscaler, Pure Storage is extending its DirectFlash ® technology into massive scale environments today dominated by hard disks. The unmatched capabilities of Pure's DirectFlash ® technology deliver new levels of innovation, performance, and scalability to an industry with demanding requirements, enabling hyperscalers to fully modernize their infrastructure, significantly improve operational efficiency, and dramatically free up scarce electrical power. Pure Storage also deepened its collaboration with Kioxia, a global leader of NAND Flash technology, to develop cutting-edge technology and manufacturing capacity to address the growing need for high-performance, scalable storage infrastructure for tomorrow's hyperscale environments. Advancing Enterprise AI: Pure Storage expanded its ability to serve the world's largest AI training environments with recent certification of FlashBlade//S500 with NVIDIA DGX SuperPOD, which optimizes performance, power, and space efficiency. Pure also entered into a strategic partnership with CoreWeave to better serve AI customers by making Pure Storage available as a standard option within the CoreWeave dedicated cloud environment. With its introduction of the new Pure Storage GenAI Pod, Pure Storage is providing a set of full-stack solutions which reduce the time, cost, and expertise required to deploy generative AI projects. Delivering Platform Innovation: With the Pure Storage platform, Pure is driving the biggest shift in enterprise storage since Flash. Pure Storage will be delivering v2.0 of Pure Fusion TM in its fourth quarter, which will enable customers to create their own enterprise data cloud, opening their data storage environment like the hyperscalers operate theirs. During the quarter Pure Storage unveiled solutions enabling seamless VMware migrations to Microsoft Azure, delivering enterprise-scale flexibility. And the new Pure Storage FlashArray TM with AWS Outposts brings together Amazon Web Services and Pure's enterprise-grade storage on AWS Outposts, giving customers the flexibility to run cloud services on an enterprise-grade storage platform within their own data centers. Industry Recognition and Accolades Leader for Fifth Consecutive Year in the 2024 Gartner ® Magic Quadrant TM for Primary Storage Platforms Leader for Fourth Consecutive Year in the 2024 Gartner ® Magic Quadrant TM for File and Object Storage Platforms Forbes Most Trusted Companies in America 2025 (Ranked #144) Fortune Best Places to Work in Technology 2024 (Ranked #14) Fourth Quarter and FY25 Guidance These statements are forward-looking and actual results may differ materially. Refer to the Forward Looking Statements section below for information on the factors that could cause our actual results to differ materially from these statements. Pure has not reconciled its guidance for non-GAAP operating income and non-GAAP operating margin to their most directly comparable GAAP measures because certain items that impact these measures are not within Pure's control and/or cannot be reasonably predicted. Accordingly, reconciliations of these non-GAAP financial measures guidance to the corresponding GAAP measures are not available without unreasonable effort. Conference Call Information Pure will host a teleconference to discuss the third quarter fiscal 2025 results at 2:00 pm PT today, December 3, 2024. A live audio broadcast of the conference call will be available on the Pure Storage Investor Relations website . Pure will also post its earnings presentation and prepared remarks to this website concurrent with this release. A replay will be available following the call on the Pure Storage Investor Relations website or for two weeks at 1-800-770-2030 (or 1-647-362-9199 for international callers) with passcode 5667482. Additionally, Pure is scheduled to participate at the following investor conferences: Wells Fargo 8th Annual TMT Summit Date: Wednesday, December 4, 2024 Time: 1:30 p.m. PT / 4:30 p.m. ET Chief Technology Officer Rob Lee 27th Annual Needham Growth Conference Date: Thursday, January 16, 2025 Time: 9:45 a.m. PT / 12:45 p.m. ET Founder & Chief Visionary Officer John "Co z" Colgrove Chief Financial Officer Kevan Krysler The presentations will be webcast live and archived on Pure's Investor Relations website at investor.purestorage.com . ---- About Pure Storage Pure Storage (NYSE: PSTG) delivers the industry's most advanced data storage platform to store, manage, and protect the world's data at any scale. With Pure Storage, organizations have ultimate simplicity and flexibility, saving time, money, and energy. From AI to archive, Pure Storage delivers a cloud experience with one unified Storage as-a-Service platform across on premises, cloud, and hosted environments. Our platform is built on our Evergreen architecture that evolves with your business – always getting newer and better with zero planned downtime, guaranteed. Our customers are actively increasing their capacity and processing power while significantly reducing their carbon and energy footprint. It's easy to fall in love with Pure Storage, as evidenced by the highest Net Promoter Score in the industry. For more information, visit www.purestorage.com . Connect with Pure Blog LinkedIn Twitter Facebook Pure Storage, the Pure P Logo, Portworx, and the marks on the Pure Storage Trademark List are trademarks or registered trademarks of Pure Storage Inc. in the U.S. and/or other countries. The Trademark List can be found at purestorage.com/trademarks . Other names may be trademarks of their respective owners. Forward Looking Statements This press release contains forward-looking statements regarding our products, business and operations, including but not limited to our views relating to our opportunity with hyperscale and AI environments, our ability to meet hyperscalers' performance and price requirements, our ability to meet the needs of hyperscalers for the entire spectrum of their online storage use cases, the timing and magnitude of large orders, including sales to hyperscalers, the timing and amount of revenue from hyperscaler licensing and support services, future period financial and business results, demand for our products and subscription services, including Evergreen//One, the relative sales mix between our subscription and consumption offerings and traditional capital expenditure sales, our technology and product strategy, specifically customer priorities around sustainability, the environmental and energy saving benefits to our customers of using our products, our ability to perform during current macro conditions and expand market share, our sustainability goals and benefits, the impact of inflation, economic or supply chain disruptions, our expectations regarding our product and technology differentiation, new customer acquisition, and other statements regarding our products, business, operations and results. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the caption "Risk Factors" and elsewhere in our filings and reports with the U.S. Securities and Exchange Commission, which are available on our Investor Relations website at investor.purestorage.com and on the SEC website at www.sec.gov . Additional information is also set forth in our Annual Report on Form 10-K for the year ended February 4, 2024. All information provided in this release and in the attachments is as of December 3, 2024, and Pure undertakes no duty to update this information unless required by law. Key Performance Metric Subscription ARR is a key business metric that refers to total annualized contract value of all active subscription agreements on the last day of the quarter, plus on-demand revenue for the quarter multiplied by four. Non-GAAP Financial Measures To supplement our unaudited condensed consolidated financial statements, which are prepared and presented in accordance with GAAP, Pure uses the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, and free cash flow. We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Our management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses such as stock-based compensation expense, payments to former shareholders of acquired companies, payroll tax expense related to stock-based activities, amortization of debt issuance costs related to debt, and amortization of intangible assets acquired from acquisitions that may not be indicative of our ongoing core business operating results. Pure believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when analyzing historical performance and liquidity and planning, forecasting, and analyzing future periods. The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP, and our non-GAAP measures may be different from non-GAAP measures used by other companies. For a reconciliation of these non-GAAP financial measures to GAAP measures, please see the tables captioned "Reconciliations of non-GAAP results of operations to the nearest comparable GAAP measures" and "Reconciliation from net cash provided by operating activities to free cash flow," included at the end of this release.