NEW YORK (AP) — A ransomware attack that hit a major software provider last week caused disruptions for a handful of companies over recent days, from Starbucks to U.K. grocery giant Morrisons. Blue Yonder, which provides supply chain technology to a range of brands worldwide, said that it experienced disruptions to services it manages for customers on Thursday, which the third-party software supplier determined to be "the result of a ransomware incident.” Javascript is required for you to be able to read premium content. Please enable it in your browser settings.Suriname rules out state funeral for ex-dictator Bouterse
Happy Holidays! As we’ve done the past few years here at Smart Money , we’re going to look “forward” to the next year by looking back at what we’ve talked about this year. But before we get to that, I wanted to deliver a holiday gift to you... a special report featuring my Top 7 Stocks for 2025 that’s free to you just for being an important Smart Money follower. Each one of these stocks capitalizes on one of the powerful megatrends we talk about here. I hope you’ll check that out . And this year, we’ve talked about a technology so powerful that its existence could either herald the end of the world – or, at the very least, the world as we know it – or usher in the beginning of an unprecedented utopia. That development is artificial general intelligence, or AGI. As we’ve only just begun traveling down the path toward AGI, I’d like the revisit a past Smart Money from this year where I answered your most pressing questions. Updates will be provided as needed. This article is from August of this year, titled Answering Your Biggest AGI Questions ... Let’s jump right in... Scientists and other bright minds have put forth a few different timelines as to when they believe AGI will be developed. For example... The truth is that we really don’t know when AGI will become a part of our lives. However, the common denominator here is that the technology is developing fast... and will be upon us soon. AGI is going to impact several industries in ways many folks — including those on Wall Street — have never even considered. They are industries that I also believe everyone should consider investing their capital in right now. I’m talking about data centers, raw materials and metals, energy, software, semiconductor chips, robotics, and healthcare. As AI infiltrates the medical field, the U.S. healthcare industry is on track to grow faster than any other sector in the U.S. economy. Companies are converging with AI to bring about massive amounts of innovation in the healthcare industry. In the biotech sector, for example, AI could revolutionize the economics of drug discovery. First, it could boost the success rates of new therapies by prequalifying potential drug candidates more expertly than traditional trial-and-error processes could. Second, it could reduce the average expense and timeline of advancing these candidates through clinical trials by shortening the drug-development time frame. Today, without AI, it can take more than a decade and over $1 billion to bring a new drug to market. AI could impart a game-changing efficiency to the drug-development process, and thereby shower pharmaceutical companies, in particular, with a pixie dust of enormous prosperity. Collectively, the pharmaceutical industry seems to be banking on the pixie-dust scenario. For example, all 10 of the top holdings in the iShares Biotechnology ETF ( IBB ) are actively integrating some facet of AI into their drug-development processes. Many of the biggest pharmaceutical companies in the world are paying tens of billions of dollars to snap up promising biotech companies. You could call it a biotech gold rush. The volume of merger-and-acquisition deals in the global healthcare sector surged about 22% last year, according to data provider Dealogic, even though M&A activity across all industries dropped about 23%. I believe that the pharmaceutical industry, in aggregate, will reap handsome rewards from the expansion of AI in healthcare, especially as AGI continues to advance. Overall, I expect AGI to impart fantastic benefits to the healthcare industry. When I say “stealth AI,” I’m usually talking non-tech companies that will adopt and apply AI with the goal of reaping huge gains in efficiency, productivity, and profits. In many old-school industries, like shipping or travel, new AI- and AGI-enabled processes could boost efficiency and fatten profit margins. I consider industries like these to be future-proof, meaning they’re not going anywhere, despite whatever AI and AGI do. And when you put stealth AI to work inside a future-proof industry, you have the potential for both reliable and outsized gains. Artificial intelligence has added a powerful tailwind to platinum demand... a tailwind that AGI will kick in to high gear. At present, electronics and technology end-uses account for only 3% of total platinum demand. However, thanks to AI, the tech sector’s platinum consumption could grow by double digits for several years in a row. According to research from Metals Focus, a boom in demand for AI applications will create an echo boom in demand for the high-specification semiconductors and sensors that enable AI technologies to operate optimally. Much of this next-gen hardware contains platinum. As the World Platinum Investment Council explains... The performance of the myriad of miniature transistors and capacitors embedded into an integrated circuit is enhanced by the deposition of thin platinum films onto semiconductor wafers... These platinum films are created using a technology known as sputtering, where platinum particles are ejected and deposited onto a surface, creating a thin (only a few atomic or molecular layers thick) platinum layer. AI-driven platinum demand could add an additional kicker to any new bull market that emerges. The rise of AGI is also boosting demand for copper, because data centers use enormous amounts of copper for power and cooling systems. Even moderately sized data centers can require several thousand tons of the metal. All this makes copper a very attractive business to be in – for mining companies and investors alike. There were great questions, folks. As AGI develops, the future that lies ahead is not simply a continuation of what has been... it is a complete departure from anything we have ever known. So, I hope you’ve found these answers to your most pressing AGI questions helpful. In fact, we could be months, weeks, or even mere days away from achieving AGI. After that happens, we may reach a point of no return. And I’m tracking this information closely. In fact, you will hear more about my 1,000 day countdown to AGI soon after the new year. It’s a comprehensive look at the most important technological revolution of our lifetime. Finally, one last thing before I go... Regarding the Top 7 Stocks for 2025 free report I shared with you up top... sometimes knowing when buy a stock is just as important as knowing which stock to buy. And my colleagues at TradeSmith have developed a new way potentially double your money, by foreseeing the biggest jumps on 5,000 stocks, to the day , with 83% back-tested accuracy. And on January 8, at 10 a.m., they’ll be unveiling this financial breakthrough during a special free presentation. You can sign up for that here. In short, we’ve developed a breakthrough way to pinpoint dates of the calendar when certain stocks – like the ones in my new report – shoot up – year after year, producing one winning trade after another. Essentially, it tells you what each stock’s “green day” is. On January 8, they’ll explain exactly how this works. And if you sign up to join the guest list for that special event , you’ll receive instant free access to their system. You can try it yourself right now to see the “green day” for 5,000 different stocks. Regards, Eric FrySony Middle East and Africa, in collaboration with Fnac Qatar, recently concluded a series of workshops in Qatar, highlighting their shared commitment to nurturing creativity and excellence among content creators. The events provided photographers and videographers of all skill levels with tools and techniques designed to elevate their craft. Speaking about the initiative, Jobin Joejoe, managing director, Sony Middle East and Africa, said: “Sony’s dedication to empowering creators extends beyond providing cutting-edge technology. These workshops are designed to inspire and educate content creators, helping them unlock their full creative potential. Qatar’s vibrant creative community has showcased exceptional talent, and we are proud to support their journey toward excellence.” Covering a variety of topics, the workshops enabled participants to explore cutting-edge techniques and leverage the unmatched capabilities of Sony’s Alpha series cameras. Abdel Rahman Gabr (Koree) conducted sessions on ‘Timelapse Mastery: Capturing Time’s Transformative Journey’ and ‘Mastering Portrait Photography: From One Light to Many’. Amir De Leon discussed Video Content Creation: From Concept to Screen while Abdulla al-Mushaifri conducted a workshop on ‘Architecture Photography: Emphasizing Design, Structure, and Dynamics’. The workshops reflect Sony’s dedication to fostering creativity and supporting the evolving needs of content creators. By offering hands-on experiences and expert guidance, Sony continues to lead the way in elevating the standards of digital content creation, reinforcing its position as a trusted partner for creators worldwide. Related Story QT’s Ras Abrouq solidifies Qatar’s diverse tourism appeal Qatar bow out as Kuwait, Oman enter semisFirst day of IMS24 sees signing of 19 deals to support global event industryIRVING, Texas , Nov. 26, 2024 /PRNewswire/ -- RumbleOn, Inc. (NASDAQ: RMBL) (the "Company" or "RumbleOn") announced today that it has commenced a $10.0 million fully backstopped registered equity rights offering (the "Rights Offering"), pursuant to which the Company is expected to receive aggregate gross proceeds of $10.0 million , less expenses related to the Rights Offering. The Company intends to use the proceeds from the Rights Offering for general corporate purposes which may include repayment of the Company's convertible senior 6.75% promissory notes due January 1, 2025 . The proceeds raised will also satisfy, in part, the additional capital financing obligations of the Company pursuant to a recent amendment to the Company's credit agreement with Oaktree. The Company is distributing at no charge to the holders of (i) its Class A common stock, par value $0.001 per share (the "Class A common stock"), and (ii) Class B common stock, par value $0.001 per share (the "Class B common stock" and, together with the Class A common stock, the "common stock"), in each case as of the close of business on November 25, 2024 (the "Record Date"), non-transferable subscription rights (the "Subscription Rights") to purchase up to 2,392,344 shares of Class B common stock at price of $4.18 per share (the "Subscription Price"). The aggregate subscription value of all shares of Class B common stock available for purchase in the Rights Offering is $10.0 million . Each holder of common stock as of the Record Date (each, an "Eligible Stockholder") will receive one Subscription Right for each share of the common stock owned as of the Record Date. Each Subscription Right entitles the holder to purchase 0.0677 shares of Class B common stock. The Company will not issue any fractional shares of Class B common stock in the Rights Offering. Instead, the Company will round down the aggregate number of shares of Class B common stock the Eligible Stockholders are entitled to receive to the nearest whole number. Accordingly, as each Subscription Right represents the right to purchase 0.0677 shares of Class B common stock, an Eligible Stockholder must hold at least 15 shares of Class A common stock or Class B common stock to receive sufficient Subscription Rights to purchase at least one share of Class B common stock in the Rights Offering. Eligible Stockholders will not be entitled to exercise an over-subscription privilege to purchase additional shares of Class B common stock that may remain unsubscribed as a result of any unexercised Subscription Rights. The Subscription Rights will expire and will have no value if they are not exercised prior to 5:00 p.m. Eastern Time , on the expiration time for the Rights Offering (the "Expiration Time"), which is currently expected to be 5:00 p.m. Eastern time on December 12, 2024 , unless the Company, in its sole discretion, extends the period for exercising the Subscription Rights. Subject to the terms and conditions of the Support and Standby Purchase Agreement (defined below), the Company reserves the right to cancel, terminate, amend, or extend the Rights Offering at any time prior to the Expiration Time. On November 26 , 2024, the Company entered into a support and standby purchase agreement (the "Support and Standby Purchase Agreement") with Stone House Capital Management, LLC, which is a holder of Class B common stock and is managed by Mark Cohen , a member of the board of directors of the Company (together with its affiliates, the "Standby Purchaser"), and Mark Tkach and William Coulter , each of whom is a holder of the Class B common stock and a member of the board of directors of the Company (collectively, the "Support Purchasers" and, together with the Standby Purchaser, the "Investors"). The Support and Standby Purchase Agreement provides, among other things, that (i) the Standby Purchaser will purchase from the Company in a private placement any shares of Class B common stock included in the Rights Offering that are not subscribed for and purchased by Eligible Stockholders (collectively, the "Backstop Securities") for the same per share Subscription Price payable by the Eligible Stockholders electing to exercise their Subscription Rights in the Rights Offering; and (ii) each Support Purchaser will exercise all of his respective Subscription Rights in full prior to the Expiration Time. Other Important Information The Subscription Rights will not be listed for trading on any stock exchange or market. Therefore, there will be no public market for the Subscription Rights. However, the shares of Class B common stock issued upon the exercise of the Subscription Rights will remain listed on The Nasdaq Capital Market of the Nasdaq Stock Market LLC under the symbol "RMBL." The Company expects that Broadridge Corporate Issuer Solutions, LLC, the subscription and information agent for the Rights Offering, will distribute subscription documents for the Rights Offering to Eligible Stockholders beginning on or about November 26, 2024 . Holders of shares of common stock held in "street name" through a brokerage account, bank or other nominee should contact their broker, bank or other nominee for details regarding participation in the Rights Offering. For any questions or further information about the Rights Offering, please contact the information agent, at (888) 789-8409 (Toll-Free), or via email at shareholder@broadridge.com . Neither the Company nor its board of directors has made or will make any recommendation to holders regarding participation in the Rights Offering. Holders should make an independent investment decision about whether to participate in the Rights Offering based on their own assessment of the Company's business and the Rights Offering. The offering of the Class B common stock pursuant to the Rights Offering is being made pursuant to the Company's existing effective shelf registration statement on Form S-3 (Reg. No. 333-281862) on file with the Securities and Exchange Commission (the "SEC") and a prospectus supplement (and the accompanying base prospectus) filed with the SEC on the date hereof. The information in this press release is not complete and is subject to change. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any offer, solicitation or sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful under the securities laws of such state or jurisdiction. The Rights Offering will be made only by means of the prospectus supplement (and the accompanying base prospectus) filed with the SEC on the date hereof. About RumbleOn RumbleOn, Inc. (NASDAQ: RMBL), operates through two operating segments: our Powersports dealership group and Wholesale Express, LLC, an asset-light transportation services provider focused on the automotive industry. Our Powersports group is the largest powersports retail group in the United States (as measured by reported revenue, major unit sales and dealership locations), offering over 500 powersports franchises representing 50 different brands of products. Our Powersports group sells a wide selection of new and pre-owned products, including parts, apparel, accessories, finance & insurance products and services, and aftermarket products. We are the largest purchaser of pre-owned powersports vehicles in the United States and utilize RideNow's Cash Offer to acquire vehicles directly from consumers. For more information on RumbleOn, please visit rumbleon.com . Cautionary Note on Forward-Looking Statements The Company's press release contains statements that constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, those regarding the Company's plans to launch a Rights Offering, the anticipated final terms, timing and completion of the proposed Rights Offering, and the use of proceeds from the proposed Rights Offering. Forward-looking statements generally can be identified by words such as "anticipates," "believes," "continues," "could," "estimates," "expects," "intends," "hopes," "may," "plan," "possible," "potential," "predicts," "projects," "should," "targets," "would" and similar expressions, although not all forward-looking statements contain these identifying words. Such statements are subject to numerous important factors, risks and uncertainties that may cause actual events or results to differ materially from current expectations and beliefs, including, but not limited to, risks and uncertainties related to: whether the proposed transactions will be completed in a timely manner, or at all; the risk that all of the closing conditions for the proposed Rights Offering are not satisfied; the occurrence of any event, change or other circumstance that could cause the Company not to proceed with the Rights Offering; the determination of the final terms of the proposed Rights Offering; the satisfaction of customary closing conditions related to the proposed Rights Offering; risks related to the diversion of management's attention from RumbleOn's ongoing business operations; the impact of general economic, industry or political conditions in the United States or internationally, as well as the other risk factors set forth under the caption "Risk Factors" in the registration statement, as amended, and in RumbleOn's Annual Report for the year ended December 31, 2023 and Quarterly Reports on Form 10-Q for the quarters ended March 30, 2024 , June 30, 2024 and September 30, 2024 and in any other subsequent filings made with the SEC by RumbleOn. There can be no assurance that RumbleOn will be able to complete the proposed Rights Offering on the anticipated terms, or at all. Any forward-looking statements contained in this press release speak only as of the date hereof, and RumbleOn specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. View original content to download multimedia: https://www.prnewswire.com/news-releases/rumbleon-announces-commencement-of-10-0-million-fully-backstopped-registered-rights-offering-302316964.html SOURCE RumbleOn
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Julian Reese delivered 23 points and 11 rebounds as sluggish Maryland pulled away late in a 81-66 victory over Maryland Eastern Shore on Saturday in College Park, Md. Derik Queen provided 18 points and 14 rebounds while Ja'Kobi Gillespie added nine points and as many assists as the Terrapins (11-2) improved to 19-0 all-time against the Hawks, with all of the wins coming by double-digit margins. In the final nonconference game for both teams, the Terrapins' Selton Miguel had 10 points and Jordan Geronimo added nine off the bench. Playing for the first time in seven days, Maryland never trailed but struggled to pull away from UMES (4-12). Ketron Shaw paced Maryland Eastern Shore with 20 points and nine rebounds. Evan Johnson scored 15 points and Christopher Flippin added 14 points and six boards for the Hawks of the Mid-Eastern Athletic Conference, who are 0-12 against Division I schools this year. UMES kept in close in the first half as Maryland missed its first eight shots from 3-point range. The Terps held a 19-17 lead when Rodney Rice ended the drought with a corner 3 with 6:38 left in the half. About a minute later, Geronimo drained another from the same spot on the floor. In the final 53 seconds of the period, Reese wheeled inside for a three-point play, then DeShawn Harris-Smith added a buzzer-beating trey from the top of the key as Maryland took a 40-24 lead at the break. In the second half, the Hawks kept it close as Shaw continued to score in the open floor and Johnson drained a pair of 3-pointers. When Flippin made a pair of free throws with 10:08 left, he cut the Terrapins' lead to 54-48. But that's as close as the Hawks got as Maryland answered with three quick baskets. In the final 8:11, Gillespie and Miguel made 3-pointers and the duo combined on a fast break, with Gillespie feeding Miguel for a 3-point play that gave the Terrapins their biggest lead, 81-58, with 2:26 left. --Field Level Media
Heart Valve Repair And Replacement Devices Market size to increase by USD 2.58 Billion between 2023 to 2028, Market Segmentation by Product, Geography, TechnavioSubscription fatigue isn't just about Netflix and Spotify—it's your business and work tools, too. Adobe Acrobat's recurring fees can feel like a necessary evil, but they're not. An equally powerful alternative lets you ditch the monthly payments for good. Meet PDF Expert, a Mac app that offers a lifetime subscription. Unlike Adobe Acrobat, just pay once to keep this tool for life. Even if you upgrade Macs, your subscription follows. Head to checkout to get PDF Expert at our unbeatable price: $79.99 (reg. $139.99). Say goodbye to PDF woes and fees for life Multiple reviewers compare PDF Expert to Adobe Acrobat, one saying, "All the utility and none of the hassles of Acrobat Pro," while the other writes how it works the same, "for substantially less money." It has all the PDF tools you need and no confusing interface to get in your way when it's time to get work done. Buy and download PDF Expert now to unlock all of these features for life: Check out now to get a PDF Expert lifetime subscription for $79.99 (reg. $139.99). You won't find a better price anywhere else. StackSocial prices subject to change.CNBC Daily Open: The perils of market predictionsSuriname's government announced Saturday that the small South American nation will not hold a state funeral for its ex-president Desi Bouterse, who this week died a fugitive from justice aged 79. Current President Chan Santokhi "has decided, based on his powers and advice received, that there will be no state funeral... No period of national mourning," Foreign Minister Albert Ramdin told a press conference. Bouterse was a former military man who twice mounted coups, in 1980 and again in 1990, to take charge as a dictator. He eventually returned to power after being elected president in 2010 and governed for a decade. He died Tuesday in the unknown location where he had been holed up as a fugitive, with in-absentia convictions for cocaine trafficking and murder. Bouterse's body was dropped off at his residence in the capital Paramaribo. An autopsy was ordered, though police said there were "no signs of criminal activity." Bouterse had been sentenced to 20 years in prison in December 2023 for the 1982 execution of political opponents, including lawyers, journalists, businessmen and military prisoners. He remained a popular figure with the poor and working class in the former Dutch colony. The foreign minister said that, out of respect for Bouterse's status as an elected former president, flags would be flown at half-staff on government buildings on the day of his funeral, whose date has not yet been given. str-jt/rmb/acb
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