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Republican Mayor Bill Wells of El Cajon is setting the stage for a resistance against the “resistance state,” pledging to help President-elect Donald Trump with his mass deportation campaign. The mayor of one of California’s most significant Middle Eastern communities , where nearly a third of residents are foreign born, Wells is weighing whether to order his police department to cooperate with the feds – potentially in violation of state law. His stance could set El Cajon up for a showdown with state and federal authorities over the enforcement of immigration laws. In a recent interview with inewsource , Wells said he’ll tell the feds, “I believe what you’re (the Trump administration) doing is right. Let me help you, but you gotta cover me. You’ve gotta give me a way that I don’t damage my city, damage my police department.” Wells made illegal immigration a focus of his most recent congressional campaign. After losing his bid, he’s taken his message to social media and other platforms, voicing support for Trump’s immigration agenda and attacking California’s “sanctuary” law, which limits how state and local authorities cooperate with the feds on immigration enforcement. Wells told inewsource he wants to “comply with the law every way that I possibly can” and says he’s looking into what police can do legally to help the feds under SB 54. He doesn’t want his city or police department to face consequences, but if the federal government asks for his help, he may be willing to violate the law, he said. Meanwhile, state and federal officials are already weighing in with their own threats. Tom Homan, Trump’s incoming “border czar,” has threatened to cut federal funding to states with sanctuary policies if they don’t cooperate. California Attorney General Rob Bonta warned his office would “step in” if law enforcement agencies violate SB 54, though he didn’t specify what exactly his office would do. On X this week , Bonta asked the public to report to his office anyone believed to be illegally assisting immigration authorities. “California (Department of Justice) is here to protect immigrants’ safety, freedom and rights,” Bonta said. SB 54, passed by the state’s Democratic majority during Trump’s first term, generally prevents state and local law enforcement from using resources and personnel for immigration enforcement. But the law has some exceptions when it concerns immigrants without legal status who have been convicted of serious or violent crimes. The law has faced several legal challenges, including from the previous Trump administration, but none have succeeded. The mayor’s public attacks on SB 54 are ramping up. In recent days, Wells has appeared on Fox News’ “Fox & Friends,” Fox 5 San Diego and twice on One America News to denounce the law. Breitbart covered his TV appearances. He was interviewed on the topic by Nick Shirley, a social media influencer with 80,000 followers on Instagram. Most of Wells’ recent social media posts have been dedicated to attacking SB 54. “Sanctuary City Policies Are Stupid and Dangerous!” he said last month on X. “We refuse to let criminals roam free in our communities because of Gavin Newsom’s radical grandstanding. Sanctuary policies are a direct threat to public safety, and in El Cajon, we’re taking a stand.” Wells has repeatedly claimed that “California is threatening” police officers with criminal charges and loss of their pensions for cooperating with immigration authorities, and that officers could be liable in civil court. But Attorney General Rob Bonta’s office said SB 54 does not make officers who violate the law liable in criminal or civil court. Bonta responded to Wells’ claims on X, calling them “false and dangerous.” “The California Values Act in no way prevents law enforcement from doing their job—fighting crime and protecting communities,” he said. El Cajon’s incoming police chief, Jeremiah Larson, said after reviewing the topic with city staff, “we do not believe California is threatening felony charges for violations of SB 54.” Larson said the department has adhered to SB 54, and that its mission remains the same. “Someone who commits a crime in El Cajon will be arrested and held accountable under the law. Similarly, if someone is a victim of a crime in El Cajon, we are committed to providing them with the highest level of service and support, regardless of their immigration status,” Larson said in an emailed statement through a spokesperson. Contrary to Wells’ claims, SB 54 allows law enforcement to cooperate with immigration authorities when laws other than immigration rules have been broken. It does not stop police from investigating, arresting or detaining immigrants, or anyone, suspected of committing a crime – as long as it’s a crime other than a violation of immigration law, according to the attorney general’s office. The law also allows for joint task forces to investigate crimes such as drug trafficking, and El Cajon police participated in three such task forces in 2023. The law does restrict how sheriffs respond to certain requests from Immigration and Customs Enforcement, or ICE. Sheriffs cannot hold detainees past their release date for ICE. They also cannot share information about detainees’ release dates, or transfer them to ICE, except detainees with serious or violent felony convictions. Critics say the law makes it harder for the feds to deport those with criminal records and makes communities less safe. Proponents say it encourages immigrants who would otherwise avoid police for fear of deportation to report crimes and cooperate in investigations. They also say it appropriately puts immigration enforcement solely into the hands of immigration authorities. We have launched our year-end campaign. Our goal: Raise $50,000 by Dec. 31. Help us get there. Times of San Diego is devoted to producing timely, comprehensive news about San Diego County. Your donation helps keep our work free-to-read, funds reporters who cover local issues and allows us to write stories that hold public officials accountable. Join the growing list of donors investing in our community's long-term future. But the feds likely can’t carry out Trump’s deportation plans with current capacity and could end up needing help from local police . The Trump administration has suggested it would deport 1 million people a year in office , almost three times the 1.5 million he deported in his first four years. Nationally, public opinion surveys say he should have some support. An Ipsos poll from September found that slightly more than half of Americans support mass deportations. Another survey by Data For Progress found a majority of respondents supported deportations only for immigrants who recently crossed the border illegally and those with criminal records. In California, some communities are working to resist Trump’s plans by shoring up protections for immigrants. The Los Angeles City Council voted last month to make the city a sanctuary community. Gov. Gavin Newsom called a special session to “Trump-proof” the state’s progressive policies, including those protecting immigrants. Ira Mehlman, media director with the Federation of American Immigration Reform, which advocates for stricter immigration enforcement, criticized those moves from Democratic leaders, saying they misread what state voters want. Mehlman said California’s rightward shift on the ballot this November – and voters’ approval of a ballot measure to heighten penalties for shoplifting, among other crimes – means the public doesn’t support efforts to protect immigrants living in the U.S. unlawfully. Wells said his constituents in El Cajon support his plan to aid in Trump’s deportation campaign. Though a majority of voters in San Diego County and California voted for the Democratic presidential candidate, Wells said “the country was very clear on this issue.” And so, he said, he’ll follow their lead: “I’m prepared to do whatever the federal government asks me to do and so I’ll be cooperative with them everywhere I can.” He’s not alone. Republican governors in Texas, Utah and Florida have also pledged support for the president-elect’s deportation plans. Since Wells announced his bid for Congress in 2023 – he ran twice before unsuccessfully – illegal immigration and the border has been a prominent talking point on his social media platforms. His rhetoric at times has warned of grave danger . Wells said in his campaign that many immigrants in the country are violent criminals and warned that if something doesn’t change, “a lot of us are going to lose our lives.” Asked for specific examples of crimes impacting El Cajon, he said he’d have to get back to inewsource . Wells did say that migrants have strained El Cajon resources. El Cajon was one of several communities in the county where migrants were dropped off by immigration authorities after being processed at the height of record migrant crossings in recent years. Wells’ public campaign against SB 54 will likely have company in the form of new legal challenges, according to Amada Armenta, director of the UC Los Angeles Latino Policy and Politics Institute. “But I also expect that these policies will stand up,” Armenta said. Read the rest of the article on inewsource.org. Get Our Free Daily Email Newsletter Get the latest local and California news from Times of San Diego delivered to your inbox at 8 a.m. daily. Sign up for our free email newsletter and be fully informed of the most important developments.KALAMAZOO COUNTY, MI — The general manager of a Kalamazoo gentleman’s club will take center stage in December by climbing onto the roof of the building and bundling up while camping out to raise money for kids. The creative fundraiser is going on at Deja Vu Showgirls, 1336 Ravine Rd., Suite C, in Kalamazoo. General Manager Holly Johnson is planning to stay on the roof of the venue for the club’s first annual Santa’s Little Heroes “roof sit” from Dec. 1 through Dec. 7. Johnson will remain on the roof, sleeping in a tent and braving the elements, until the fundraiser reaches its goal of $20,000, the business said. The funds will go toward providing local children in need with 500 holiday backpacks filled with toys and essential care items. “Our goal is to make this holiday season a little brighter for children who may not have the resources for a special Christmas,” Johnson said in a news release. “By living on the roof for a week, I’m hoping to inspire others to get involved and help us reach our goal of $20,000.” The backpacks will include crayons and coloring books, mittens, socks, toothbrushes, as well as toys — such as dinosaurs for boys and Barbies for girls, the company said. The community can donate directly to the club by calling 269-344-8104 or emailing nick@gobestbiz.com for more information on how to contribute. “I’m committed to staying on this roof through rain, snow or shine until we’ve raised the funds to help as many kids as possible,” Johnson said. Throughout the week, Deja Vu Showgirls’ social media platforms will stream Johnson’s progress on the roof. Want more Kalamazoo-area news? Bookmark the local Kalamazoo news page or sign up for the free 3@3 Kalamazoo daily newsletter.Vast Updates Shareholders at Annual General Meeting on Significant Progress Towards Delivering ...Saquon stamps Eagles as legitimate Super Bowl contender
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Fiscal Third Quarter Total Revenues of $2.160 Billion , Up 15.8% Year Over Year Subscription Revenues of $1.959 Billion , Up 15.8% Year Over Year PLEASANTON, Calif. , Nov. 26, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY ), a leading provider of solutions to help organizations manage their people and money , today announced results for the fiscal 2025 third quarter ended October 31, 2024. Fiscal 2025 Third Quarter Results Total revenues were $2.160 billion , an increase of 15.8% from the third quarter of fiscal 2024. Subscription revenues were $1.959 billion , an increase of 15.8% from the same period last year. Operating income was $165 million , or 7.6% of revenues, compared to an operating income of $88 million , or 4.7% of revenues, in the same period last year. Non-GAAP operating income for the third quarter was $569 million , or 26.3% of revenues, compared to a non-GAAP operating income of $462 million , or 24.8% of revenues, in the same period last year. 1 Diluted net income per share was $0.72 , compared to diluted net income per share of $0.43 in the third quarter of fiscal 2024. Non-GAAP diluted net income per share was $1.89 , compared to non-GAAP diluted net income per share of $1.56 in the same period last year. 1 12-month subscription revenue backlog was $6.98 billion , up 15.3% from the same period last year. Total subscription revenue backlog was $22.19 billion , increasing 20.3% year-over-year. Operating cash flows were $406 million compared to $451 million in the prior year. Free cash flows were $359 million compared to $391 million in the prior year. 1 Workday repurchased approximately 0.6 million shares of Class A common stock for $157 million as part of its share repurchase programs. Cash, cash equivalents, and marketable securities were $7.16 billion as of October 31, 2024 . Comments on the News "Workday's solid performance in Q3 reflects the trust our customers place in us across industries, the global momentum around our AI-driven innovations, and the strength of our partner ecosystem," said Carl Eschenbach , CEO, Workday. "Organizations are increasingly consolidating on the Workday platform to reduce total cost of ownership, simplify their operations, and to unlock the power of our best-in-class AI solutions. Workday gives them the ultimate advantage – and that positions our business for long-term success." "In Q3, we once again made good progress across a number of our key growth areas," said Zane Rowe , CFO, Workday. "Looking ahead, we expect fiscal 2025 subscription revenue of $7.703 billion , growth of 17%, and fiscal 2025 non-GAAP operating margin of 25.5%. We are focused on executing in our seasonally strongest quarter, as we lay the foundation for durable, profitable growth at scale." Recent Highlights Workday unveiled Workday Illuminate , the next generation of Workday AI, at its annual customer conference, Workday Rising. Workday introduced a set of new AI agents and a new Workday Assistant to streamline and simplify common HR and finance processes. Workday added several full suite customers for Workday Financial Management and Workday Human Capital Management (HCM) , including CommonSpirit Health, Fitness and Lifestyle Group in Australia , New Jersey Institute of Technology , and The Department for Science, Innovation and Technology in the UK. Workday appointed Rob Enslin president, chief commercial officer. Workday announced updates to its partner ecosystem, including 12 new Industry Accelerator s ; Workday Wellness ; AI momentum with Workday Ventures ; and a partnership with Compa . Workday closed the acquisition of leading AI-native document intelligence platform, Evisort. Workday was named a Leader in the 2024 Gartner ® Magic QuadrantsTM for Cloud HCM Suites for 1,000+ Employee Enterprises 1 , Cloud ERP for Service-Centric Enterprises 2 , and Financial Planning Software 3 . Financial Outlook Workday is providing guidance for the fiscal 2025 fourth quarter ending January 31, 2025 as follows: Subscription revenue of $2.025 billion , representing growth of 15% Non-GAAP operating margin of 25.0% 1 Workday is updating its guidance for the fiscal 2025 full year ending January 31, 2025 as follows: Subscription revenue of $7.703 billion , representing growth of 17% Non-GAAP operating margin of 25.5% 1 Earnings Call Details Workday plans to host a conference call today to review its fiscal 2025 third quarter financial results and to discuss its financial outlook. The call is scheduled to begin at 1:30 p.m. PT / 4:30 p.m. ET and can be accessed via webcast . The webcast will be available live, and a replay will be available following completion of the live broadcast for approximately 90 days. Workday uses the Workday Blog as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. About Workday Workday is a leading enterprise platform that helps organizations manage their most important assets – their people and money . The Workday platform is built with AI at the core to help customers elevate people, supercharge work, and move their business forever forward. Workday is used by more than 10,500 organizations around the world and across industries – from medium-sized businesses to more than 60% of the Fortune 500. For more information about Workday, visit workday.com . © 2024 Workday, Inc. All rights reserved. Evisort, Workday, and the Workday logo are registered trademarks of Workday, Inc. All other brand and product names are trademarks or registered trademarks of their respective holders. Forward-Looking Statements This press release contains forward-looking statements including, among other things, statements regarding Workday's fourth quarter and full-year fiscal 2025 subscription revenue and non-GAAP operating margin, growth, momentum, and innovation. These forward-looking statements are based only on currently available information and our current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are outside of our control. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements, and therefore you should not rely on any forward-looking statements. Risks include, but are not limited to: (i) breaches in our security measures or those of our third-party providers, unauthorized access to our customers' or other users' personal data, or disruptions in our data center or computing infrastructure operations; (ii) service outages, delays in the deployment of our applications, and the failure of our applications to perform properly; (iii) privacy concerns and evolving domestic or foreign laws and regulations; (iv) the impact of continuing global economic and geopolitical volatility on our business, as well as on our customers, prospects, partners, and service providers; (v) any loss of key employees or the inability to attract, train, and retain highly skilled employees; (vi) competitive factors, including pricing pressures, industry consolidation, entry of new competitors and new applications, advancements in technology, and marketing initiatives by our competitors; (vii) our reliance on our network of partners to drive additional growth of our revenues; (viii) the regulatory, economic, and political risks associated with our domestic and international operations; (ix) adoption of our applications and services by customers and individuals, including any new features, enhancements, and modifications, as well as our customers' and users' satisfaction with the deployment, training, and support services they receive; (x) the regulatory risks related to new and evolving technologies such as AI and our ability to realize a return on our development efforts; (xi) our ability to realize the expected business or financial benefits of any acquisitions of or investments in companies; (xii) delays or reductions in information technology spending; and (xiii) changes in sales, which may not be immediately reflected in our results due to our subscription model. Further information on these and additional risks that could affect Workday's results is included in our filings with the Securities and Exchange Commission ("SEC"), including our most recent report on Form 10-Q or Form 10-K and other reports that we have filed and will file with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release, except as required by law. Any unreleased services, features, or functions referenced in this document, our website, or other press releases or public statements that are not currently available are subject to change at Workday's discretion and may not be delivered as planned or at all. Customers who purchase Workday services should make their purchase decisions based upon services, features, and functions that are currently available. Workday, Inc. Reconciliations of GAAP to Non-GAAP Data Reconciliations of our GAAP to non-GAAP operating results are included in the following table (in millions, except percentages and per share data). See the section titled "About Non-GAAP Financial Measures" below for further details. Reconciliation of our GAAP cash flows from operating activities to non-GAAP free cash flow is as follows (in millions). See the section titled "About Non-GAAP Financial Measures" below for further details. About Non-GAAP Financial Measures Change in Non-GAAP Financial Measures Effective beginning fiscal 2025, Workday will exclude certain acquisition-related costs, realignment costs, and gains and losses on strategic investments from its non-GAAP results as these items may vary from period to period independent of the operating performance of Workday's business. Prior period amounts have been recast for gains and losses on strategic investments to conform to this presentation. There was no impact to prior period amounts presented in this release for acquisition-related costs or realignment costs since no qualifying costs were incurred in the first three quarters of fiscal 2024. Non-GAAP Financial Measures To provide investors and others with additional information regarding Workday's results, we have disclosed the following non-GAAP financial measures: non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP diluted net income (loss) per share, and free cash flows. Workday has provided a reconciliation of each non-GAAP financial measure used in this earnings release to the most directly comparable GAAP financial measure. Non-GAAP operating income (loss) and non-GAAP operating margin differ from GAAP in that they exclude share-based compensation expenses, employer payroll tax-related items on employee stock transactions, amortization expense for acquisition-related intangible assets, acquisition-related costs, and realignment costs. Non-GAAP diluted net income (loss) per share differs from GAAP in that it excludes share-based compensation expenses, employer payroll tax-related items on employee stock transactions, amortization expense for acquisition-related intangible assets, acquisition-related costs, realignment costs, gains and losses on strategic investments, and income tax effects. Free cash flows differ from GAAP cash flows from operating activities in that it treats capital expenditures as a reduction to cash flows. Workday's management uses these non-GAAP financial measures to understand and compare operating results across accounting periods, for internal budgeting and forecasting purposes, for short- and long-term operating plans, and to evaluate Workday's financial performance. Management believes these non-GAAP financial measures reflect Workday's ongoing business in a manner that allows for meaningful period-to-period comparisons and analysis of trends in Workday's business. Management also believes that these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating Workday's operating results and prospects in the same manner as management and in comparing financial results across accounting periods and to those of peer companies. Management believes excluding the following items from the GAAP Condensed Consolidated Statements of Operations is useful to investors and others in assessing Workday's operating performance due to the following factors: Share-based compensation expenses. Share-based compensation primarily consists of non-cash expenses for employee restricted stock units and our employee stock purchase plan, and includes share-based compensation associated with acquisitions. Although share-based compensation is an important aspect of the compensation of our employees and executives, this expense is determined using a number of factors, including our stock price, volatility, and forfeiture rates, that are beyond our control and generally unrelated to operational decisions and performance in any particular period. Further, share-based compensation expenses are not reflective of the value ultimately received by the grant recipients. Employer payroll tax-related items on employee stock transactions . We exclude the employer payroll tax-related items on employee stock transactions in order to show the full effect that excluding share-based compensation expenses has on our operating results. Similar to share-based compensation expenses, this tax expense is dependent on our stock price and other factors that are beyond our control and do not correlate to the operation of our business. Amortization of acquisition-related intangible assets . For business combinations, we generally allocate a portion of the purchase price to intangible assets. The amount of the allocation is based on estimates and assumptions made by management and is subject to amortization. The amount of purchase price allocated to intangible assets and the term of the related amortization can vary significantly and are unique to each acquisition and thus we do not believe this activity is reflective of our ongoing operations. Although we exclude the amortization of acquisition-related intangible assets from these non-GAAP financial measures, we believe that it is important for investors to understand that such intangible assets were recorded as part of purchase accounting and contribute to revenue generation. Acquisition-related costs. Acquisition-related costs include direct transaction costs, such as due diligence and advisory fees, and certain compensation and integration-related expenses. We exclude the effects of acquisition-related costs as we believe these transaction-specific expenses are inconsistent in amount and frequency and do not correlate to the operation of our business. Realignment costs. Realignment costs are associated with a formal restructuring plan and are primarily related to employee severance, the closure of facilities, and cancellation of certain contracts. We exclude these expenses because they are not reflective of ongoing business and operating results. Gains and losses on strategic investments. Our strategic investments include investments in early stage companies that are valuable to Workday customers and complementary to Workday products. Gains and losses on strategic investments may result from observable price adjustments and impairment charges on non-marketable equity securities, ongoing mark-to-market adjustments on marketable equity securities, and the sale of equity investments. We do not rely on these securities to fund our ongoing operations nor do we actively trade publicly held securities, and therefore we do not consider the gains and losses on these strategic investments to be reflective of our ongoing operations. Income tax effects. We utilize a fixed long-term projected tax rate in our computation of the non-GAAP income tax provision to provide better consistency across the reporting periods. In projecting this long-term non-GAAP tax rate, we utilize a three-year financial projection that excludes the direct impact of the items excluded from GAAP income in calculating our non-GAAP income. The projected rate considers other factors such as our current operating structure, existing tax positions in various jurisdictions, and key legislation in major jurisdictions where we operate. For fiscal 2025 and 2024, we determined the projected non-GAAP tax rate to be 19%, which reflects currently available information, as well as other factors and assumptions. We will periodically re-evaluate this tax rate, as necessary, for significant events, relevant tax law changes, material changes in the forecasted geographic earnings mix, and any significant acquisitions. Additionally, with regards to free cash flows, Workday's management believes that reducing cash provided by (used in) operating activities by capital expenditures is meaningful to investors and others because it provides an enhanced view of cash flow generation from the ongoing operations of our business, and it balances operating results, cash management, and capital efficiency. The use of these non-GAAP measures have certain limitations as they do not reflect all items of expense or cash that affect Workday's operations. Workday compensates for these limitations by reconciling the non-GAAP financial measures to the most comparable GAAP financial measures. These non-GAAP financial measures should be considered in addition to, not as a substitute for or in isolation from, measures prepared in accordance with GAAP. Further, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore comparability may be limited. Management encourages investors and others to review Workday's financial information in its entirety and not rely on a single financial measure. Gartner Disclaimer Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. The Gartner content described herein (the "Gartner Content") represents research opinion or viewpoints published, as part of a syndicated subscription service, by Gartner, Inc. ("Gartner"), and is not a representation of fact. Gartner Content speaks as of its original publication date (and not as of the date of this Earnings Press Release), and the opinions expressed in the Gartner Content are subject to change without notice. GARTNER is a registered trademark and service mark, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. SOURCE Workday Inc.PLEASANTON, Calif. , Dec. 23, 2024 /PRNewswire/ -- 10x Genomics, Inc. (Nasdaq: TXG), a leader in single cell and spatial biology, announced today it had secured a permanent injunction in the U.S. District Court for the District of Delaware against the GeoMx products sold by Bruker Corporation (Nasdaq: BRKR), which acquired the product line from NanoString Technologies. To minimize the risk of disruption to ongoing research, 10x Genomics requested a carve-out for GeoMx users who installed an instrument prior to the trial in November 2023 . The injunction, which the Court said it will enter in January 2025 , is expected to prohibit Bruker from making, using, selling or offering to sell in the United States its GeoMx Digital Spatial Profiler and associated instruments, reagents and services for RNA and protein detection. At the request of 10x Genomics, the injunction will not block ongoing research by researchers who installed a GeoMx instrument prior to November 18, 2023 . Such customers can continue to purchase GeoMx reagents for use with existing GeoMx instruments for purposes of continuing their ongoing research. The Court found that making such an exception for ongoing research strikes a "workable balance between protecting the patentee's rights and protecting the public from the injunction's adverse effects." In addition, the Court affirmed the $31 million damages awarded by the November 2023 jury verdict, as well as supplemental damages and interest that will be added to the total damages when final judgment is entered. "Today's decision helps to safeguard our decade-long investment in innovation and ensures we can continue to develop groundbreaking technologies that help our customers revolutionize science," said Eric Whitaker , Chief Legal Officer at 10x Genomics. "10x exists to fuel scientific progress – not stifle it – and that is why we've done our utmost to ensure this injunction was structured to protect both our intellectual property and existing GeoMx customers' ongoing research." The Court recognized the harm NanoString's infringing conduct caused 10x when it wrote in its ruling, "Having been careful not to license its technology, 10x suffers when it proclaims itself as an innovator in spatial genomics but a competitor is using the same innovative, patented technology." Today's Court decision follows a November 2023 jury verdict that found that NanoString's GeoMx products willfully infringed seven patents exclusively licensed to 10x Genomics by Prognosys. During the trial, the jury heard testimony from the sole inventor of the patents, Illumina co-founder Mark Chee , and NanoString CEO Brad Gray and NanoString CSO Joe Beechem. After hearing all of the evidence, the jury determined that all seven patents had been infringed by NanoString, that each patent was valid, that NanoString willfully infringed those patents and that monetary damages were owed to 10x for the infringement of all seven patents. In affirming the jury's finding that NanoString willfully infringed, the Court relied on the evidence showing that NanoString knew or was willfully blind that its acts would cause infringement of 10x's rights. The asserted patents in Case No. 21-cv-653-MFK include (a) U.S. Patent No. 10,472,669; (b) U.S. Patent No. 10,961,566; (c) U.S. Patent No. 10,983,113; (d) U.S. Patent No. 10,996,219; (e) U.S. Patent No. 11,001,878; (f) U.S. Patent No. 11,008,607 and (g) U.S. Patent No. 11,293,917. About 10x Genomics 10x Genomics is a life science technology company building products to accelerate the mastery of biology and advance human health. Our integrated solutions include instruments, consumables and software for single cell and spatial biology, which help academic and translational researchers and biopharmaceutical companies understand biological systems at a resolution and scale that matches the complexity of biology. Our products are behind breakthroughs in oncology, immunology, neuroscience and more, fueling powerful discoveries that are transforming the world's understanding of health and disease. To learn more, visit 10xgenomics.com or connect with us on LinkedIn or X (Twitter) . Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the "safe harbor" created by those sections. All statements included in this press release, other than statements of historical facts, may be forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "might," "will," "should," "expect," "plan," "anticipate," "could," "intend," "target," "project," "contemplate," "believe," "see," "estimate," "predict," "potential," "would," "likely," "seek" or "continue" or the negatives of these terms or variations of them or similar terminology, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include statements regarding litigation and remedies as well as possible outcomes of litigation. These forward-looking statements do not reflect that our success will depend on our ability to obtain, maintain and protect our intellectual property rights, intellectual property litigation could be expensive, time-consuming, unsuccessful and could interfere with our ability to develop, manufacture and commercialize our products or technologies, litigation outcomes are unpredictable or there may be changes in our litigation strategy. These statements are based on management's current expectations, forecasts, beliefs, assumptions and information currently available to management. Actual outcomes and results could differ materially from these statements due to a number of factors and such statements should not be relied upon as representing 10x Genomics, Inc.'s views as of any date subsequent to the date of this press release. 10x Genomics, Inc. disclaims any obligation to update any forward-looking statements provided to reflect any change in 10x Genomics' expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. The material risks and uncertainties that could affect 10x Genomics, Inc.'s financial and operating results and cause actual results to differ materially from those indicated by the forward-looking statements made in this press release include those discussed under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the company's most recently-filed 10-K for the fiscal year ended December 31, 2023 and elsewhere in the documents 10x Genomics, Inc. files with the Securities and Exchange Commission from time to time. Disclosure Information 10x Genomics uses filings with the Securities and Exchange Commission, our website ( www.10xgenomics.com ), press releases, public conference calls, public webcasts and our social media accounts as means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD. Contacts Investors: investors@10xgenomics.com Media: media@10xgenomics.com View original content to download multimedia: https://www.prnewswire.com/news-releases/us-district-court-awards-10x-genomics-permanent-injunction-in-patent-infringement-lawsuit-against-bruker-corporations-geomx-products-302338627.html SOURCE 10x Genomics, Inc.AP News Summary at 5:11 p.m. EST
WASHINGTON (AP) — President-elect Donald Trump’s pick for intelligence chief Tulsi Gabbard faced fresh scrutiny Monday on Capitol Hill about her proximity to Russian-ally Syria amid the sudden collapse of that country’s hardline Assad rule. Gabbard ignored shouted questions about her as she ducked into one of several private meetings with senators who are being asked to confirm . But the Democrat-turned-Republican Army National Reserve lieutenant colonel delivered a statement in which she reiterated her support for Trump’s America First approach to national security and a more limited U.S. military footprint overseas. “I want to address the issue that’s in the headlines right now: I stand in full support and wholeheartedly agree with the statements that President Trump has made over these last few days with regards to the developments in Syria,” Gabbard said exiting a Senate meeting. The incoming president’s Cabinet and top administrative choices are dividing his Republican allies and , if not full opposition, from Democrats and others. Not just Gabbard, but other Trump nominees including Pentagon pick Pete Hegseth, were back at the Capitol ahead of what is expected to be volatile confirmation hearings next year. The incoming president is working to put his team in place for an of mass immigrant deportations, firing federal workers and rollbacks of U.S. support for Ukraine and NATO allies. “We’re going to sit down and visit, that’s what this is all about,” said Sen. Mike Rounds, R-S.D., as he welcomed Gabbard into his office. Meanwhile, Defense Secretary pick to be picking up support from once-skeptical senators, the former Army National Guard major denying sexual misconduct allegations and pledging not to drink alcohol if he is confirmed. The president-elect’s choice to lead the FBI, , who has written extensively about locking up Trump’s foes and proposed dismantling the Federal Bureau of Investigation, launched his first visits with senators Monday. “I expect our Republican Senate is going to confirm all of President Trump’s nominees,” said Sen. Tom Cotton, R-Ark., on social media. Despite widespread concern about the nominees’ qualifications and demeanors for the jobs that are among the highest positions in the U.S. government, Trump’s team is portraying the criticism against them as nothing more than political smears and innuendo. Showing that concern, have urged Senate leaders to schedule closed-door hearings to allow for a full review of the government’s files on Gabbard. Trump’s allies have described the in particular as similar to those lodged against Brett Kavanaugh, the former president’s Supreme Court nominee who denied a sexual assault allegation and went on to be confirmed during Trump’s first term in office. Said Sen. Lindsey Graham, R-S.C., about Hegseth: “Anonymous accusations are trying to destroy reputations again. We saw this with Kavanaugh. I won’t stand for it.” One widely watched Republican, Sen. Joni of Iowa, herself a former Army National Guard lieutenant colonel and sexual assault survivor who had been criticized by Trump allies for her cool reception to Hegseth, appeared more open to him after their follow-up meeting Monday. “I appreciate Pete Hegseth’s responsiveness and respect for the process,” Ernst said in a statement. Ernst said that following “encouraging conversations,” he had committed to selecting a senior official who will “prioritize and strengthen my work to prevent sexual assault within the ranks. As I support Pete through this process, I look forward to a fair hearing based on truth, not anonymous sources.” Ernst also had praise for Patel — “He shares my passion for shaking up federal agencies” — and for Gabbard. Once a rising Democratic star, Gabbard, who represented Hawaii in Congress, arrived a decade ago in Washington, her surfboard in tow, a new generation of potential leaders. She ran unsuccessfully for president in 2020. But Gabbard abruptly left the party and briefly became an independent before joining with Trump’s 2024 campaign as one of his enthusiasts, in large part over his disdain for U.S. involvement overseas and opposition to helping Ukraine battle Russia. Her visit to Syria to meet with then-President Bashar Assad around the time of Trump’s first inauguration during the country’s bloody civil war stunned her former colleagues and the Washington national security establishment. The U.S. had severed diplomatic relations with Syria. Her visit was seen by some as legitimizing a brutal leader who was accused of war crimes. Gabbard has defended the trip, saying it’s important to open dialogue, but critics hear in her commentary echoes of Russia-fueled talking points. Assad fled to Moscow over the weekend after Islamist rebels overtook Syria in a surprise attack, ending his family’s five decades of rule. She said her own views have been shaped by “my multiple deployments and seeing firsthand the cost of war and the threat of Islamist terrorism.” Gabbard said, “It’s one of the many reasons why I appreciate President Trump’s leadership and his election, where he is fully committed, as he has said over and over, to bring about an end to wars.” Last week, the nearly 100 former officials, who served in both Democratic and Republican administrations, said in the letter to Senate leaders they were “alarmed” by the choice of Gabbard to oversee all 18 U.S. intelligence agencies. They said her past actions “call into question her ability to deliver unbiased intelligence briefings to the President, Congress, and to the entire national security apparatus.” The Office of the Director of National Intelligence was created after the Sept. 11, 2001, attacks to coordinate the nation’s intelligence agencies and act as the president’s main intelligence adviser. ___ Associated Press writer Stephen Groves contributed to this report.NoneU.S. District Court Awards 10x Genomics Permanent Injunction in Patent Infringement Lawsuit Against Bruker Corporation's GeoMx Products
Meta Platforms, Inc META , the parent company of Facebook, Instagram, and Threads, aims to advance wearable technology by integrating displays into its Ray-Ban smart glasses by 2025, the Financial Times reports. The $300 sunglasses, developed with eyewear giant EssilorLuxottica ESLOF ESLOY , could feature small screens to display notifications and responses from Meta’s virtual assistant, the Financial Times cites familiar sources. This development aims to position Meta as a frontrunner in augmented reality (AR) and wearable computing, which has the potential to replace smartphones as key computing devices. Also Read: Meta Cuts Jobs in WhatsApp, Instagram, and Reality Labs In Latest Reorganization According to the report, the next iteration of Ray-Ban Meta glasses, expected in late 2025, will introduce display technology, marking a step toward CEO Mark Zuckerberg’s vision of lightweight AR headsets. The move aligns with Meta’s broader strategy to integrate advanced technologies into everyday wearables, competing with companies like Apple Inc AAPL . Meta is also fast-tracking the development of its prototype AR glasses, Orion, after receiving positive feedback from early testers. The glasses feature advanced silicon carbide lenses for brighter and larger imagery. Last week, Meta launched three new features for its Ray-Ban smart glasses, including live AI, live translations, and Shazam . Meta’s smart glasses have emerged as a blockbuster product in 60% of Ray-Ban stores in Europe, the Middle East, and Africa . Despite lacking AI features in Europe, the glasses outperformed conventional Ray-Ban models. In mid-December, Meta CTO Andrew Bosworth flagged 2025 as the most significant year in the history of the Reality Labs unit behind the company’s glasses and headsets. According to reports, the current model features sensitive in-ear speakers, cameras, and microphones. Wall Street firms, including JMP Securities, Wedbush, Oppenheimer, and Guggenheim, hailed Meta’s launch of a VR headset and AI updates after the Connect event in September. They expect Meta’s AI and VR innovations to be pivotal in helping it reach valuations like Apple’s. Meta stock surged 71% year-to-date. Investors can gain exposure to the stock through Vanguard Large-Cap ETF VV and Vanguard Communication Services ETF VOX . Price Action: META stock is up 2.28% at $598.53 at last check Monday. Also Read: Meta’s Reels Monetization and AI Innovations Drive Top AI Pick: Analyst Photo via Shutterstock © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.SAN SALVADOR, El Salvador (AP) — As bitcoin reached historic highs, surpassing $100,000 for the first tim e, El Salvador’s President Nayib Bukele was triumphant on Thursday about his big bet on the cryptocurrency. The adoption of bitcoin — which has been legal tender in the Central American nation since 2021 — never quite matched the president’s enthusiasm, but the value of the government’s reported investment now stands at more than $600 million. Bitcoin has rallied mightily since Donald Trump’s election victory last month, exceeding the $100,000 mark on Wednesday night, just hours after the president-elect said he intends to nominate cryptocurrency advocate Paul Atkins to be the next chair of the Securities and Exchange Commission. Just two years ago, bitcoin’s volatile value fell below $17,000. Bitcoin fell back below the $100,000 by Thursday afternoon, sitting just above $99,000 by 3 p.m. E.T. Bukele on Thursday blamed his beleaguered political opposition for causing many Salvadorans to miss out on the bonanza. There were street protests when the Congress made bitcoin legal tender in June 2021, though that move was not the only motivation for the protesters. The tiny Central American country has long used the dollar as currency, but Bukele promised bitcoin would provide new opportunities for El Salvador’s unbanked and cut out money transfer services from the remittances Salvadorans abroad send home. The government offered $30 in bitcoin to those who signed up for digital wallets. Many did so, but quickly cashed out the cryptocurrency. “It’s important to emphasize that not only did the opposition err resoundingly with bitcoin, but rather, differently from other issues (where they have also been wrong), this time their opposition affected many,” Bukele wrote on Facebook. Bukele drew an “impressive” comment from Elon Musk on the social media platform X Thursday. El Salvador’s former Central Bank President Carlos Acevedo pointed out on Thursday that while there has been a gain, it remains an unrealized one until the government’s bitcoin is sold. That said, he credited Bukele’s administration with doing well on the bitcoin move, especially in light of Trump’s election. Acevedo said “the markets’ optimism that a Trump administration will be friendly with the markets and particularly with bitcoin” explained its sustained rally over the past month. But the cryptocurrency’s volatility was a persistent risk, he said. “The average Salvadoran doesn’t use bitcoin, but obviously there are Salvadorans with economic resources who even before had already invested in bitcoin, but it is a small group,” Acevedo said. Esteban Escamilla, a worker in a clothing store in Santa Tecla, outside the capital San Salvador, said he had cashed out the original $30 of bitcoin offered in 2021. “I don’t use bitcoin because I don’t have (money) to invest and speculate with, but I know it has gone up a lot,” he said, recognizing that he would have more money now if he had kept it in bitcoin. Josefa Torres, 45, said as she was doing her grocery shopping that she didn’t have any bitcoin either. “I took out the money and used it for household expenses,” she said. At the conclusion of meetings between the International Monetary Fund and El Salvador’s government in August, the IMF issued a statement that mentioned the country’s bitcoin holdings. “While many of the risks have not yet materialized, there is joint recognition that further efforts are needed to enhance transparency and mitigate potential fiscal and financial stability risks from the Bitcoin project,” the IMf said.Michail Antonio had video call with West Ham team before their win over Wolves
The Pittsburgh Steelers have exceeded expectations thus far in 2024, as the team is 8-3 and atop the AFC North through 12 weeks. Pittsburgh suffered a disappointing 24-19 loss to the Cleveland Browns on Thursday Night Football in Week 12 but will look to bounce back in Week 13 versus the Cincinnati Bengals at Paycor Stadium. Though the Steelers have one of the most complete rosters in the NFL, the team still has some glaring weaknesses, primarily at cornerback. Outside of Joey Porter Jr., Pittsburgh lacks consistent production and high-level play at the position. Though Donte Jackson has shown flashes of dominance, the veteran has been extremely inconsistent in his debut campaign with the Steelers. General manager Omar Khan should look to address Pittsburgh's need for another boundary corner this offseason, and Bleacher Report's Alex Ballentine believes San Francisco 49ers' defensive back Charvarius Ward could join the Steelers in the offseason. Charvarius Ward's contract with the San Francisco 49ers is set to void at the end of the season. He will likely be a pricey free agent, and it only makes sense to sign him to a one- or two-year deal, but he could be the kind of player that puts the Steelers defense over the top. Pittsburgh is a legitimate contender this season because of an elite defense and an offense that understands how to help that elite defense. Joey Porter Jr. continues to improve, but veteran corner Donte Jackson is a bit of a liability. Ward wouldn't come cheap and they may have to do some cap gymnastics to make it work, but the risk could be worth the reward. Ward has been one of the most consistent cornerbacks in the NFL over the last few seasons, as the former undrafted free agent had a career year in 2023 and is having another solid campaign in 2024. Ward posted a career-high five interceptions and a league-leading 23 passes defended last season and was selected to the Pro Bowler and earned a second-team All-Pro selection. Ward doesn't have the flashy interception numbers this year, but the 28-year-old is allowing just a 53% completion rate and an 86.5 passer rating when targeted. The former Middle Tennessee State standout has missed the last three games due to personal reasons. Though Ward hasn't been elite in 2024, adding the Super Bowl LVI champion would be a savvy move from Omar Khan. Ward is still a reliable player who hasn't sustained many major injuries in his career and would be an excellent fit alongside Joey Porter in the secondary. Signing Ward shouldn't be problematic for Khan, as the Steelers are set to boast over $57 million in cap space, per Spotrac , and the former Kansas City Chief shouldn't demand an unreasonable deal. Ward has been an integral piece to the 49ers' defense over the last few years, but San Francisco recently gave fellow cornerback Deommodore Lenoir a $92 million extension , meaning Ward is likely the odd man out in the team's defensive back room.
NRG Energy (NRG) Gains Momentum with AI-Driven Power Solutions and Positive Financial OutlookLike any NFL game, there are always questions about officiating. However, one sequence that led to a Cleveland Browns touchdown drive to give them a 24-19 win over the Pittsburgh Steelers came into question. On a third down play, Browns quarterback Jameis Winston was being sacked but threw a ball near the line of scrimmage. Browns center Ethan Pocic caught the ball, but the debate was whether the penalty should be intentional grounding or illegal touching. #PITvsCLE jameis winston's illegal touch pass play that was initially ruled intentional grounding. it apppears he was trying to throw it deep to the two receivers in the middle of the field. luckily for him, he couldn't get it off, because otherwise may have been INT pic.twitter.com/i4hHOhDTWT The wrinkle in the play is that Browns' backup offensive lineman Michael Dunn had checked in before the play and was eligible. He was in the area. “In terms of intentional grounding, the quarterback was contacted, impacting the throw, and the crew confirmed that No. 68 had reported as eligible, and he was in the vicinity,” the NFL told Pro Football Talk. The excerpt in the rulebook says that not only can intentional grounding not be called if a defender hurts the throwing motion as Patrick Queen does here, but also that there has to be an intentional pass with no one in the area. It seems both do not apply. “It is a foul for intentional grounding if a passer, facing an imminent loss of yardage because of pressure from the defense, throws a forward pass without a realistic chance of completion. A realistic chance of completion is defined as a pass that is thrown in the direction of and lands in the vicinity of an originally eligible offensive receiver.” As such, despite multiple calls in the game going against the Steelers, it does seem like the NFL referees nailed this one, and it should have only been a loss of five. BETTING: Check out our guide to the best PA sportsbooks , where our team of sports betting experts has reviewed the experience, payout speed, parlay options and quality of odds for multiple sportsbooks. More Pittsburgh Steelers News Pittsburgh Steelers offensive rock bottom illustrated in one wild stat Browns social media account takes shot at T.J. Watt after Steelers loss Pittsburgh Steelers' Justin Fields package has cloudy future in offense Super Bowl Champion rips Steelers’ Justin Fields package: ‘I don’t like it’ Former Pittsburgh Steelers first-round pick gets revenge in Browns winRaise the age for social media to infinity
ALTOONA, Pa. — Police arrested a suspect Monday in the brazen Manhattan killing of UnitedHealthcare's CEO after a quick-thinking McDonald’s employee in Pennsylvania alerted authorities to a customer who was found with a weapon, mask and writings linking him to the ambush. The chance sighting at the restaurant in Altoona led to a dramatic break in a challenging but fast-moving investigation that had captivated the public in the five days since the shooting that shook the health insurance industry. The suspect, identified by police as 26-year-old Luigi Nicholas Mangione, had a gun believed to be the one used in last Wednesday’s shooting of Brian Thompson, as well as writings suggesting anger with corporate America, police said. Mangione was taken into custody about 9:15 a.m. after police got a tip that he was eating at a McDonald’s in Altoona, Pennsylvania, police said. "He is believed to be our person of interest in the brazen, targeted murder of Brian Thompson,” NYPD Commissioner Jessica Tisch said. Mangione had clothing and a mask similar to those worn by the shooter and a fraudulent New Jersey ID matching one the suspect used to check into a New York City hostel before the shooting, Tisch said. NYPD Chief of Detectives Joseph Kenny said Mangione was born and raised in Maryland, has ties to San Francisco and a last known address in Honolulu, Hawaii. A message left Monday with a Philadelphia-area phone number connected to Mangione was not immediately returned. He was being held in Pennsylvania on gun charges and eventually will be extradited to New York to face charges in connection with Thompson’s death, Kenny said. Video posted on the social platform X showed him being led into the Blair County Courthouse for his first appearance. Police found a three-page document with writings suggesting that Mangione had “ill will toward corporate America,” Kenny said. The handwritten document “speaks to both his motivation and mindset,” Tisch said. Mangione had a ghost gun, a type of weapon that can be assembled at home from parts without a serial number, making them difficult to trace, investigators said. “As of right now the information we’re getting from Altoona is that the gun appears to be a ghost gun that may have been made on a 3D printer, capable of firing a 9 mm round,” Kenny said. Officers questioned Mangione, who was acting suspiciously and carrying multiple fraudulent IDs, as well as a U.S. passport, Tisch said. Officers found a suppressor, “both consistent with the weapon used in the murder,” the commissioner said. NYPD detectives and staff from the Manhattan district attorney’s office traveled to Altoona to interview Mangione, Kenny said. Thompson, 50, was killed last Wednesday as he walked alone to a hotel, where UnitedHealthcare’s parent company, UnitedHealth Group, was holding its annual investor conference, police said. UnitedHealth Group thanked law enforcement in a statement Monday. “Our hope is that today’s apprehension brings some relief to Brian’s family, friends, colleagues and the many others affected by this unspeakable tragedy,” a company spokesperson said. The shooting shook U.S. businesses and the health insurance industry in particular, causing companies to rethink security plans and delete photos of executives from their websites. The shooter appeared to be “lying in wait for several minutes” before approaching the executive from behind and opening fire, police said. He used a 9 mm pistol that police said resembled guns farmers use to put down animals without causing a loud noise. Mangione attended an elite Baltimore prep school, graduating as valedictorian in 2016, according to the school’s website. He went on to earn undergraduate and graduate degrees in computer science in 2020 from the University of Pennsylvania, a school spokesman said. One of his cousins is a Maryland state legislator and his family bought a country club north of Baltimore in the 1980s. On Monday, police blocked off an entrance to the property, which public records link to the suspect's parents. A swarm of reporters and photographers gathered outside. In the days since the shooting, police turned to the public for help by releasing a collection of nine photos and video — including footage of the attack, as well as images of the suspect at a Starbucks beforehand. Photos taken in the lobby of a hostel on Manhattan’s Upper West Side showed the suspect grinning after removing his mask, police said. On Monday, police credited news outlets for disseminating the images and the tipster for recognizing the suspect and calling authorities. Investigators earlier suggested the gunman may have been a disgruntled employee or client of the insurer. Ammunition found near Thompson’s body bore the words “delay,” “deny” and “depose,” mimicking a phrase used by insurance industry critics. The gunman concealed his identity with a mask during the shooting yet left a trail of evidence, including a backpack he ditched in Central Park, a cellphone found in a pedestrian plaza and a water bottle and protein bar wrapper that police say he bought at Starbucks minutes before the attack. On Friday, police said the killer had left the city soon after the shooting. Retracing the gunman’s steps using surveillance video, investigators say the shooter rode into Central Park on a bicycle and emerged from the park without his backpack. He then walked a couple blocks and got into a taxi, arriving at at the George Washington Bridge Bus Station, which is near the northern tip of Manhattan and offers commuter service to New Jersey and bus routes to Philadelphia, Boston and Washington, Kenny said. The FBI announced late Friday that it was offering a $50,000 reward, adding to a reward of up to $10,000 that the NYPD offered.
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