AP News Summary at 5:36 p.m. ESTAaron Rodgers undecided about next season, but Jets 'first option' if he returnsIndie Semiconductor ( INDI -23.67% ) stock is falling fast in Tuesday's trading. The chip specialist's share price was down by 20.7% as of 2:45 p.m. ET. The sell-off came in reaction to the company's announcement after the market closed Monday that it plans to sell up to $175 million in convertible senior debt notes. The company will sell those debt notes in a private offering. In addition, management left the door open for an additional $26.25 million in debt-note sales. The notes are slated to mature on Dec. 15, 2029, although the company has laid out provisions that would allow for the notes to be redeemed for cash on or after Dec. 20, 2027. What's next for Indie Semiconductor? If Indie Semiconductor stock performs well over the next several years, it's reasonable to expect that holders of the convertible notes will redeem them for shares of new common stock. That would increase the chip company's shares outstanding, diluting the value of the shares held by current investors. Based on Indie's market cap of roughly $852 million, the creation of new stock at corresponding levels would work out to a roughly 24% increase over the company's current share count (assuming the additional $26.25 million worth of notes are also sold). On the other hand, the company's stock has already pulled back substantially in response to the new debt offering, so there's not much additional reason to be concerned about whether or not the notes eventually get converted into common stock at this point. Indie's recent move highlights the company's profitability and funding concerns. Depending on how effectively it utilizes the funds raised through this new convertible debt offering, the capital-raising move could be either beneficial or deleterious to long-term shareholders.

Is Wall Street Bullish or Bearish on Cintas Stock?

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President Joe Biden is weighing whether to issue sweeping pardons for officials and allies who the White House fears could be unjustly targeted by President-elect Donald Trump’s administration, a preemptive move that would be a novel and risky use of the president’s extraordinary constitutional power. The deliberations so far are largely at the level of White House lawyers. But Biden himself has discussed the topic with some senior aides, according to two people familiar with the matter who spoke on condition of anonymity Thursday to discuss the sensitive subject. No decisions have been made, the people said, and it is possible Biden opts to do nothing at all. Pardons are historically afforded to those accused of specific crimes – and usually those who have already been convicted of an offense — but Biden’s team is considering issuing them for those who have not even been investigated, let alone charged. They fear that Trump and his allies, who have boasted of enemies lists and exacting “retribution,” could launch investigations that would be reputationally and financially costly for their targets even if they don’t result in prosecutions. While the president’s pardon power is absolute, Biden’s use in this fashion would mark a significant expansion of how they are deployed, and some Biden aides fear it could lay the groundwork for an even more drastic usage by Trump. They also worry that issuing pardons would feed into claims by Trump and his allies that the individuals committed acts that necessitated immunity. Recipients could include infectious-disease specialist Dr. Anthony Fauci, who was instrumental in combating the coronavirus pandemic and who has become a pariah to conservatives angry about mask mandates and vaccines. Others include witnesses in Trump’s criminal or civil trials and Biden administration officials who have drawn the ire of the incoming president and his allies. Some fearful former officials have reached out to the Biden White House preemptively seeking some sort of protection from the future Trump administration, one of the people said. It follows Biden’s decision to pardon his son Hunter — not just for his convictions on federal gun and tax violations, but for any potential federal offense committed over an 11-year period, as the president feared that Trump allies would seek to prosecute his son for other offenses. That could serve as a model for other pardons Biden might issue to those who could find themselves in legal jeopardy under Trump. Biden is not the first to consider such pardons — Trump aides considered them for him and his supporters involved in his failed efforts to overturn the 2020 presidential election that culminated in a violent riot at the Capitol on Jan. 6, 2021. But he could be the first to issue them since Trump’s pardons never materialized before he left office nearly four years ago. Gerald Ford granted a “full, free, and absolute pardon” in 1974 to his predecessor, Richard Nixon, over the Watergate scandal. He believed a potential trial would “cause prolonged and divisive debate over the propriety of exposing to further punishment and degradation a man who has already paid the unprecedented penalty of relinquishing the highest elective office of the United States,” as written in the pardon proclamation. Politico was first to report that Biden was studying the use of preemptive pardons. On the campaign trail, Trump made no secret of his desire to seek revenge on those who prosecuted him or crossed him. Trump has talked about “enemies from within” and circulated social media posts that call for the jailing of Biden, Vice President Kamala Harris, former Vice President Mike Pence and Sens. Mitch McConnell and Chuck Schumer. He also zeroed in on former Rep. Liz Cheney, a conservative Republican who campaigned for Harris and helped investigate Jan. 6, and he promoted a social media post that suggested he wanted military tribunals for supposed treason. Kash Patel, whom Trump has announced as his nominee to be director of the FBI, has listed dozens of former government officials he wanted to “come after.” Richard Painter, a Trump critic who served as the top White House ethics lawyer under President George W. Bush, said he was reluctantly in support of having Biden issue sweeping pardons to people who could be targeted by Trump’s administration. He said he hoped that would “clean the slate” for the incoming president and encourage him to focus on governing, not on punishing his political allies. “It’s not an ideal situation at all,” Painter said. “We have a whole lot of bad options confronting us at this point.” While the Supreme Court this year ruled that the president enjoys broad immunity from prosecution for what could be considered official acts, his aides and allies enjoy no such shield. Some fear that Trump could use the promise of a blanket pardon to encourage his allies to take actions they might otherwise resist for fear of running afoul of the law. “There could be blatant illegal conduct over the next four years, and he can go out and pardon his people before he leaves office,” Painter said. “But if he’s going to do that, he’s going to do that anyway regardless of what Biden does.” More conventional pardons from Biden, such as those for sentencing disparities for people convicted of federal crimes, are expected before the end of the year, the White House said.Analysis: Getting benched may have been best thing that happened to Bryce Young, Anthony Richardson On Football analyzes the biggest topics in the NFL from week to week. For more On Football analysis, head here . ___ Getting benched may have been the best thing that happened to Bryce Young and Anthony Richardson. Rob Maaddi, The Associated Press Dec 3, 2024 2:47 PM Dec 3, 2024 3:05 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Carolina Panthers quarterback Bryce Young is sacked by Tampa Bay Buccaneers defensive tackle Calijah Kancey during the second half of an NFL football game, Sunday, Dec. 1, 2024, in Charlotte, N.C. (AP Photo/Jacob Kupferman) On Football analyzes the biggest topics in the NFL from week to week. For more On Football analysis, head here . ___ Getting benched may have been the best thing that happened to Bryce Young and Anthony Richardson. Both second-year quarterbacks are playing well since returning to the starting lineup. Young has steadily improved after coming back in Week 8. He’s displayed the skills that earned him a Heisman Trophy at Alabama and convinced the Carolina Panthers to draft him ahead of C.J. Stroud with the No. 1 overall pick in 2023. Young had his best game on Sunday, nearly leading Carolina to an overtime win over Tampa Bay if it weren’t for Chuba Hubbard’s fumble in field-goal range. He threw for 298 yards and a go-ahead touchdown pass in the final minute of a 26-23 loss . Young almost led the Panthers to a win over the two-time defending Super Bowl champion Chiefs a week earlier only to see Patrick Mahomes drive Kansas City into position for a winning field goal as time expired. Rookie coach Dave Canales benched Young for veteran Andy Dalton after just two games in which he had a 44.1 passer rating. The 23-year-old has completed 60.4% of his passes for 1,062 yards, six TDs and three interceptions — none in the past three games — while going 2-3 in the five starts since Young got another opportunity to lead the Panthers (3-9). Richardson has led Indianapolis to a pair of comeback wins late in the fourth quarter in three starts after he regained his starting job. The Colts (6-7) selected Richardson No. 4 last year and he started just 10 games before coach Shane Steichen benched him for Joe Flacco in Week 9. Richardson completed only 44.4% of his passes with four TDs and seven picks in his first six starts. He’s improved to 52.4% with three TDs and two picks since coming back. The 22-year-old tossed a 3-yard TD pass to Alec Pierce on fourth-and-goal with 12 seconds remaining and then ran in for a 2-point conversion to lift the Colts to a 25-24 win over New England on Sunday. Young and Richardson both have a long way to go to prove they can be franchise quarterbacks. But there’s far more optimism now that they’re not busts. Young is on his third head coach and second offensive coordinator in two seasons. Canales is known for getting the best out of quarterbacks, helping Geno Smith and Baker Mayfield revive their careers. He made a bold decision to bench Young after just two games but that allowed him to watch, grow and learn without the pressure of having to perform. Now it appears Young might have a future in Carolina when that seemed unlikely in September. Richardson just needs more experience. He threw only 393 passes in college and started four games as a rookie before he was injured. Steichen’s decision to bench him for Flacco didn’t work out. Flacco, who was the AP NFL Comeback Player of the Year last year after leading Cleveland to the playoffs by going 4-1 in five starts, struggled in two games. Still, that gave Richardson a chance to reset after tapping out for a play in the game before he was benched. Quarterbacks need time to develop. They can’t be judged fairly after one or two seasons, especially when they were high draft picks who joined bad teams that lacked talent. Clock management blunders Matt Eberflus lost his job as Chicago’s head coach a day after he watched the offense run out of time with a timeout in hand, missing an opportunity to push Detroit to overtime on Thanksgiving. But Antonio Pierce made an even worse decision on Black Friday that cost the Raiders a chance to beat the Chiefs. Aidan O’Donnell drove Las Vegas to the Chiefs 32 with 15 seconds left. Instead of trying for a game-winning field goal down 19-17, Pierce wanted O’Donnell to take the snap, allow more time to tick and throw the ball away. But O’Donnell wasn’t ready for the snap, the Chiefs recovered the fumble and escaped with the win. aManaging the clock shouldn’t be this difficult for NFL head coaches. Tucker’s troubles Ravens kicker Justin Tucker is having the worst season of his 13-year career. If he wasn’t one of the best kickers in NFL history, Baltimore would’ve made a switch already. But coach John Harbaugh has too much respect for Tucker, who began the season as the most accurate kicker in league history. Tucker has missed a career-high eight field-goal attempts, including two in a 24-19 loss to Philadelphia. Harbaugh, a former special teams coach, isn’t planning to replace Tucker. But the Ravens (8-5) have Super Bowl aspirations and Tucker needs to straighten things out. One solution would be to place him on injured reserve to work on his technique. In this case, Tucker has earned the right not to be released. Plus, he’s signed through 2027. ___ AP NFL: https://apnews.com/hub/nfl Rob Maaddi, The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Get your daily Victoria news briefing Email Sign Up More Football (NFL) Packers' improving run defense ready for challenge against NFC North-leading Lions Dec 3, 2024 3:32 PM Broncos head into bye on three-game winning streak and chasing first playoff spot since 2015 season Dec 3, 2024 2:59 PM Browns get 497-yard performance from QB Jameis Winston and lose anyway in season long gone sour Dec 3, 2024 2:49 PM

He’s one of the most famous corporate leaders in the world, delivering products embraced by billions. But it’s the haters that companies like Mark Zuckerberg’s Meta worry about. In an era when online anger and social tensions are increasingly directed at the businesses consumers count on, Meta last year spent $24.4 million on guards, alarms and other measures to keep Zuckerberg and the company’s former chief operating officer safe. Some high-profile CEOs surround themselves with security. But the fatal shooting this week of UnitedHealthcare CEO Brian Thompson while he walked alone on a New York City sidewalk has put a spotlight on the widely varied approaches companies take in protecting their leaders against threats. Thompson had no personal security and appeared unaware of the shooter lurking before he was gunned down. And today’s political, economic and technological climate is only going to make the job of evaluating threats against executives and taking action to protect them even more difficult, experts say. “We are better today at collecting signals. I’m not sure we’re any better at making sense of the signals we collect,” says Fred Burton of Ontic, a provider of threat management software for companies. After Thompson’s shooting, Burton said, “I’ve been on the phone all day with some organizations asking for consultation, saying, ’Am I doing enough?” Since the killing, some health insurers have taken steps to safeguard their executives and rank-and-file workers. Medica, a Minnesota-based nonprofit health care firm, said Friday it is temporarily closing its six offices for security reasons and will have its employees work from home. “Although we have received no specific threats related to our campuses, our office buildings will be temporarily closed out of an abundance of caution,” the company said in a statement. A Medica spokesman said the company had also removed biographical information about its executives from its website as a precaution. UnitedHealth Group, parent of the insurer Thompson led, removed photos of its top executives from its website hours after the shooting, later removing their names and biographies. But well before the attack, some of the biggest U.S. companies, particularly those in the tech sector, were spending heavily on personal and residential security for their top executives. Meta, whose businesses include Facebook and Instagram, reported the highest spending on personal security for top executives last year, filings culled by research firm Equilar show. Zuckerberg “is synonymous with Meta and, as a result, negative sentiment regarding our company is directly associated with, and often transferred to, Mr. Zuckerberg,” the Menlo Park, California, company explained earlier this year in an annual shareholder disclosure. At Apple, the world’s largest tech company by stock valuation, CEO Tim Cook was tormented by a stalker who sent him sexually provocative emails and even showed up outside his Silicon Valley home at one point before the company’s security team successfully took legal action against her in 2022. Cook is regularly accompanied by security personnel when he appears in public. Still, the company’s $820,000 allotted last year to protect top executives is a fraction of what other tech giants spent for CEO security. Just over a quarter of the companies in the Fortune 500 reported spending money to protect their CEOs and other top executives. Of those that did, the median payment for personal security doubled over the last three years to about $98,000. In many companies, investor meetings like the one UnitedHealthcare’s Thompson was walking to when he was shot are viewed as very risky because details on the location and who will be speaking are highly publicized. “It gives people an opportunity to arrive well in advance and take a look at the room, take a look at how people would probably come and go out of a location,” said Dave Komendat, president of DSKomendat Risk Management Services, which is based in the greater Seattle area. Some firms respond by beefing up security. For example, tech companies routinely require everyone attending a major event, such as Apple’s annual unveiling of the next iPhone or a shareholder meeting, to go through airport-style security checkpoints before entering. Others forgo in-person meetings with shareholders. Government health insurance provider Centene Corp. joined that group Thursday, citing the UnitedHealthcare executive’s death in announcing that its upcoming Investor Day will be held online, rather than in-person as originally planned. “But there are also company cultures that really frown on that and want their leaders to be accessible to people, accessible to shareholders, employees,” Komendat said. Depending on the company, such an approach may make sense. Many top executives are little known to the public, operating in industries and locations that make them far less prone to public exposure and to threats. “Determining the need for and appropriate level of an executive-level protection program is specific to each organization,” says David Johnston, vice president of asset protection and retail operations at the National Retail Federation. “These safeguards should also include the constant monitoring of potential threats and the ability to adapt to maintain the appropriate level of security and safety.” Some organizations have a protective intelligence group that uses digital tools such as machine learning or artificial intelligence to comb through online comments to detect threats not only on social media platforms such as X but also on the dark web, says Komendat. They look for what’s being said about the company, its employees and its leadership to uncover risks. “There are always threats directed towards senior leaders at companies. Many of them are not credible,” Komendat said. “The question always is trying to determine what is a real threat versus what is someone just venting with no intent to take any additional action.” Burton, a former special agent with the U.S. Diplomatic Security Service, points out that despite the current climate, there is little in the way of organized groups that target companies. Today, one of the primary worries are loners whose rantings online are fed by others who are like-minded. It’s up to corporate security analysts to zero in on such dialogue and decide whether or not it represents a real threat. And CEOs aren’t the only targets of disgruntled customers. In the U.S., there were 525 workplace fatalities due to assault in 2022, according to the National Safety Council. Industries including healthcare, education and service providers are more prone to violence than others, and taxi drivers are more than 20 times more likely to be murdered on the job than other workers, the group said. But the ambush of UnitedHealthcare’s Thompson this week is bound to get some CEOs second-guessing. “What invariably happen at moments like this in time is you will get additional ears listening” to security professionals seeking money to beef up executive protection, Burton says. “Because I can guarantee you there’s not a CEO in America who’s not aware of this incident.” ___ Associated Press writers Anne D’Innocenzio and Haleluya Hadero in New York and Jim Salter in St. Louis contributed. He’s one of the most famous corporate leaders in the Chipotle is raising its U.S. prices to offset inflation and The U.S. government on Friday ordered testing of the nation's A 7.0 magnitude earthquake shook a large area of Northern