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BLUEFIELD, Va. – Development is being halted on a proposed $2 billion project which would have created a power-generating pump storage facility in Tazewell County which could have created 2,000 construction jobs, 50 permanent jobs and millions of dollars in tax revenues for Tazewell County and other parts of Southwest Virginia. Dominion Energy has announced that the company will not proceed with a proposed hydroelectric pump station on East River Mountain near Bluefield, Va. “We decided to stop development activities related to the Tazewell Pumped Storage Facility in Tazewell County for a variety of reasons, such as the cost impact to our customers, the expiration of a FERC (Federal Energy Regulatory Commission) permit, and the availability of more affordable and higher-capacity power generation options for our customers,” Jeremy L. Slayton with Dominion Energy’s media relations, said Thursday. Dominion bought the land in 2009 for the possibility of using it for a wind farm on top of East River Mountain, just west of Bluefield, Va. The county later passed a tall structure ordinance on ridge lines to try to prevent it but the idea resurfaced in 2015, drawing opposition from local residents. Pump storage is a renewable energy source and works by having an upper reservoir and a lower reservoir, with at least a 1,000-foot drop between the two. Electricity is produced as the water is released from the upper reservoir, running through tunnels and using the force of the falling water to rotate turbines at the lower reservoir. This water is then pumped back up to the upper reservoir. Electricity can be produced in a short period of time and is then ready to be used during peak demand times anywhere it is needed. Slayton said that in the coming months, Dominion Energy will focus on closing out its development activities on the East River Mountain site and will collaborate with federal and state authorities as well as local landowners. “We retain ownership of the 2,600 acres and have not made decisions regarding its future use,” Slayton said. “We appreciate, and look forward to continuing, our relationship with Tazewell County and the surrounding Southwest Virginia region.” Slayton was asked about whether wind turbines could be part of any future plans. “I am not going to speculate about what we might consider for the site, but I can tell you that we will retain ownership of that land and have not made any decisions regarding its future use,” he said. Slayton said that Dominion Energy filed its annual Integrated Resource Plan, which is a long-term planning document to meet future demand that is a snapshot in time based on currently available technology. The plan lays out multiple options to meet the rising power demand of Dominion’s customers. Slayton added that an Integrated Resource Plan is not an application to build any specific project. “Our long-term plans call for various options to meet our growing demand, all of which include more power from every source,” Slayton said. No single power source will get the job done, so multiple sources are needed, Slayton said. About 80% of the new power in Dominion Energy’s plan is carbon-free and includes the following sources: – More offshore wind (a 130% increase to the company’s current fleet) – More solar, an 150% increase to Dominion’s current fleet. “We currently have the second largest solar fleet in the U.S. with 2.7-gigawatts of power,” Slayton said. “This only includes solar that we own; not third-party power purchase agreements.” Battery storage is another part of the plan. “We currently have 32 megawatts of battery storage on our system, including the 20-megawatt Dry Bridge Battery Energy Storage System,” Slayton said. “Last year, we broke ground on a 50-megawatt battery storage project at Dulles International Airport, which will become the largest in our fleet once in operation.” “About 20% of the new power in our plan is natural gas, about a 70% increase to our current fleet,” he said. “Natural gas is critical because wind and solar do not always produce electricity. We need reliable backup power from natural gas so the lights stay on when wind and solar are not producing power.” Contact Greg Jordan at gjordan@bdtonline.comRoyal Bank of Canada Issues Positive Forecast for Edwards Lifesciences (NYSE:EW) Stock PriceVail Resorts Reports Fiscal 2025 First Quarter and Season Pass Sales Results, and Announces 2025 Capital Plan

Constellation Brands to Report Third Quarter Fiscal 2025 Financial Results; Host Conference Call January 9, 2025BROOMFIELD, Colo. , Dec. 9, 2024 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) today reported results for the first quarter of fiscal 2025 ended October 31, 2024 , provided season pass sales results for the 2024/2025 season, updated fiscal 2025 net income attributable to Vail Resorts, Inc. guidance and reaffirmed fiscal 2025 Resort Reported EBITDA guidance, announced capital investment plans for calendar year 2025, declared a dividend payable in January 2025 , and announced first quarter share repurchases. Highlights Commenting on the Company's fiscal 2025 first quarter results, Kirsten Lynch , Chief Executive Officer, said, "Our first fiscal quarter historically operates at a loss, given that our North American and European mountain resorts are generally not open for ski season. The quarter's results were driven by winter operations in Australia and summer activities in North America , including sightseeing, dining, retail, lodging, and administrative expenses. "Resort Reported EBITDA was consistent with the prior year, driven by growth in our North American summer business from increased activities spending and lodging results. This growth was offset by a decline in Resort Reported EBITDA of $9 million compared to the prior year from our Australian resorts due to record low snowfall and lower demand, cost inflation, the inclusion of Crans-Montana, and approximately $2.7 million of one-time costs related to the two-year resource efficiency transformation plan and $0.9 million of acquisition and integration related expenses." Regarding the Company's resource efficiency transformation plan, Lynch said, "Vail Resorts continues to make progress on its two-year resource efficiency transformation plan, which was announced in our September 2024 earnings. The two-year Resource Efficiency Transformation Plan is designed to improve organizational effectiveness and scale for operating leverage as the Company grows globally. Through scaled operations, global shared services, and expanded workforce management, the Company expects $100 million in annualized cost efficiencies by the end of its 2026 fiscal year. We will provide updates as significant milestones are achieved." Turning to season pass results, Lynch said, "Our season pass sales highlight the compelling value proposition of our pass products and our commitment to continually investing in the guest experience at our resorts. Over the last four years, pass product sales for the 2024/2025 North American ski season have grown 59% in units and 47% in sales dollars. For the upcoming 2024/2025 North American ski season, pass product sales through December 3, 2024 decreased approximately 2% in units and increased approximately 4% in sales dollars as compared to the period in the prior year through December 4, 2023 . This year's results benefited from an 8% price increase, partially offset by unit growth among lower priced Epic Day Pass products. Pass product sales are adjusted to eliminate the impact of changes in foreign currency exchange rates by applying an exchange rate of $0.71 between the Canadian dollar and U.S. dollar in both periods for Whistler Blackcomb pass sales. For the period between September 21, 2024 and December 3, 2024 , pass product sales trends improved relative to pass product sales through September 20, 2024 , with unit growth of approximately 1% and sales dollars growth of approximately 7% as compared to the period in the prior year from September 23, 2023 through December 4, 2023 , due to expected renewal strength, which we believe reflects delayed decision making. "Our North American pass sales highlight strong loyalty with growth among renewing pass holders across all geographies. For the full selling season, the Company acquired a substantial number of new pass holders, however the absolute number of new guests was smaller compared to the prior year, driving the overall unit decline for the full selling season. New pass holders come from lapsed guests, prior year lift ticket guests, and new guests to our database. The Company achieved growth from lapsed guests, who previously purchased a pass or lift ticket but did not buy a pass or lift ticket in the previous season. The decline in new pass holders compared to the prior year was driven by fewer guests who purchased lift tickets in the past season and from guests who are completely new to our database, which we believe was impacted by last season's challenging weather and industry normalization. Epic Day Pass products achieved unit growth driven by the strength in renewing pass holders. We expect to have approximately 2.3 million guests committed to our 42 North American, Australian, and European resorts in advance of the season in non-refundable advance commitment products this year, which are expected to generate over $975 million of revenue and account for approximately 75% of all skier visits (excluding complimentary visits)." Lynch continued, "Heading into the 2024/2025 ski season, we are encouraged by our strong base of committed guests, providing meaningful stability for our Company. Additionally, early season conditions have allowed us to open some resorts earlier than anticipated, including Whistler Blackcomb, Heavenly, Northstar, Kirkwood, and Stevens Pass. Early season conditions have also enabled our Rockies resorts to open with significantly improved terrain relative to the prior year, including the opening of the legendary back bowls at Vail Mountain opening the earliest since 2018. Our resorts in the East are experiencing typical seasonal variability for this point in the year, with all resorts planned to open ahead of the holidays. We are continuing to hire for the winter season, and are on track with our staffing plans and have achieved a strong return rate of our frontline employees from the prior season. Lodging bookings at our U.S. resorts for the upcoming season are consistent with last year. At Whistler Blackcomb, lodging bookings for the full season are lagging prior year levels, which may reflect delayed decision making following challenging conditions in the prior year." Operating Results A more complete discussion of our operating results can be found within the Management's Discussion and Analysis of Financial Condition and Results of Operations section of the Company's Form 10-Q for the first fiscal quarter ended October 31, 2024 , which was filed today with the Securities and Exchange Commission. The following are segment highlights: Mountain Segment Lodging Segment Resort - Combination of Mountain and Lodging Segments Real Estate Segment Total Performance Outlook The Company's Resort Reported EBITDA guidance for the year ending July 31, 2025 is unchanged from the prior guidance provided on September 26, 2024 . The Company is updating its guidance for net income attributable to Vail Resorts, Inc., which it now expects to be between $240 million and $316 million , up from the prior guidance range of $224 million to $300 million . The primary difference is due to a $17 million increase from the gain on sale of real property related to the resolution of the October 2023 Eagle County District Court final ruling and valuation regarding the Town of Vail's condemnation of the Company's East Vail property that was planned for Vail Resorts' incremental affordable workforce housing project, a transaction that has been recorded as Real Estate Reported EBITDA. Additionally, the guidance is updated to include a decrease in expected interest expense of approximately $2 million which assumes that interest rates remain at current levels for the remainder of fiscal 2025. These changes have no impact on expected Resort Reported EBITDA. The Company continues to expect Resort Reported EBITDA for fiscal 2025 to be between $838 million and $894 million , including approximately $27 million of cost efficiencies and an estimated $15 million in one-time costs related to the multi-year resource efficiency transformation plan, and an estimated $1 million of acquisition and integration related expenses specific to Crans-Montana. As compared to fiscal 2024, the fiscal 2025 guidance includes the assumed benefit of a return to normal weather conditions after the challenging conditions in fiscal 2024, more than offset by a return to normal operating costs and the impact of the continued industry normalization, impacting demand. Additionally, the guidance reflects the negative impact from the record low snowfall and related shortened season in Australia in the first quarter of fiscal 2025, which negatively impacted demand and resulted in a $9 million decline of Resort Reported EBITDA compared to the prior year period. After considering these items, we expect Resort Reported EBITDA to grow from price increases and ancillary spending, the resource efficiency transformation plan, and the addition of Crans-Montana for the full year. The guidance also assumes (1) a continuation of the current economic environment, (2) normal weather conditions for the 2024/2025 North American and European ski season and the 2025 Australian ski season, and (3) the foreign currency exchange rates as of our original fiscal 2025 guidance issued September 26, 2024 . Foreign currency exchange rates have experienced recent volatility. Relative to the current guidance, if the currency exchange rates as of yesterday, December 8, 2024 of $0.71 between the Canadian Dollar and U.S. Dollar related to the operations of Whistler Blackcomb in Canada , $0.64 between the Australian Dollar and U.S. Dollar related to the operations of Perisher, Falls Creek and Hotham in Australia , and $1.14 between the Swiss Franc and U.S. Dollar related to the operations of Andermatt-Sedrun and Crans-Montana in Switzerland were to continue for the remainder of the fiscal year, the Company expects this would have an impact on fiscal 2025 guidance of approximately negative $5 million for Resort Reported EBITDA. The following table reflects the forecasted guidance range for the Company's fiscal year ending July 31, 2025 for Total Reported EBITDA (after stock-based compensation expense) and reconciles net income attributable to Vail Resorts, Inc. guidance to such Total Reported EBITDA guidance. Fiscal 2025 Guidance (In thousands) For the Year Ending July 31, 2025 (6) Low End High End Range Range Net income attributable to Vail Resorts, Inc. $ 240,000 $ 316,000 Net income attributable to noncontrolling interests 23,000 17,000 Net income 263,000 333,000 Provision for income taxes (1) 91,000 115,000 Income before income taxes 354,000 448,000 Depreciation and amortization 295,000 279,000 Interest expense, net 174,000 166,000 Other (2) 21,000 13,000 Total Reported EBITDA $ 844,000 $ 906,000 Mountain Reported EBITDA (3) $ 818,000 $ 872,000 Lodging Reported EBITDA (4) 16,000 26,000 Resort Reported EBITDA (5) 838,000 894,000 Real Estate Reported EBITDA 6,000 12,000 Total Reported EBITDA $ 844,000 $ 906,000 (1) The provision for income taxes may be impacted by excess tax benefits primarily resulting from vesting and exercises of equity awards. Our estimated provision for income taxes does not include the impact, if any, of unknown future exercises of employee equity awards, which could have a material impact given that a significant portion of our awards may be in-the-money depending on the current value of the stock price. (2) Our guidance includes certain forward looking known changes in the fair value of the contingent consideration based solely on the passage of time and resulting impact on present value. Guidance excludes any forward looking change based upon, among other things, financial projections including long-term growth rates for Park City, which such change may be material. Separately, the intercompany loan associated with the Whistler Blackcomb transaction requires foreign currency remeasurement to Canadian dollars, the functional currency of Whistler Blackcomb. Our guidance excludes any forward looking change related to foreign currency gains or losses on the intercompany loans, which such change may be material. Additionally, our guidance excludes the impact of any future sales or disposals of land or other assets which are contingent upon future approvals or other outcomes. (3) Mountain Reported EBITDA also includes approximately $25 million of stock-based compensation. (4) Lodging Reported EBITDA also includes approximately $4 million of stock-based compensation. (5) The Company provides Reported EBITDA ranges for the Mountain and Lodging segments, as well as for the two combined. The low and high of the expected ranges provided for the Mountain and Lodging segments, while possible, do not sum to the high or low end of the Resort Reported EBITDA range provided because we do not expect or assume that we will hit the low or high end of both ranges. (6) Guidance estimates are predicated on an exchange rate of $0.74 between the Canadian dollar and U.S. dollar, related to the operations of Whistler Blackcomb in Canada; an exchange rate of $0.67 between the Australian dollar and U.S. dollar, related to the operations of our Australian ski areas; and an exchange rate of $1.18 between the Swiss franc and U.S. dollar, related to the operations of Andermatt-Sedrun and Crans-Montana in Switzerland. Liquidity and Return of Capital As of October 31, 2024 , the Company's total liquidity as measured by total cash plus revolver availability was approximately $1,024 million . This includes $404 million of cash on hand, $407 million of U.S. revolver availability under the Vail Holdings Credit Agreement, and $213 million of revolver availability under the Whistler Credit Agreement. As of October 31, 2024 , the Company's Net Debt was 2.8 times its trailing twelve months Total Reported EBITDA. Regarding the return of capital to shareholders, the Company declared a quarterly cash dividend of $2.22 per share of Vail Resorts' common stock payable on January 9, 2025 to shareholders of record as of December 26 , 2024. In addition, the Company repurchased approximately 0.1 million shares during the quarter at an average price of approximately $174 for a total of $20 million . The Company has 1.6 million shares remaining under its authorization for share repurchases. Commenting on capital allocation, Lynch said, "We will continue to be disciplined stewards of our shareholders' capital, prioritizing investments in our guest and employee experience, high-return capital projects, strategic acquisition opportunities, and returning capital to our shareholders. The Company has a strong balance sheet and remains focused on returning capital to shareholders while always prioritizing the long-term value of our shares." Capital Investments Vail Resorts is committed to enhancing the guest experience and supporting the Company's growth strategies through significant capital investments. For calendar year 2025, the Company plans to invest approximately $198 million to $203 million in core capital, before $45 million of growth capital investments at its European resorts, including $41 million at Andermatt-Sedrun and $4 million at Crans-Montana, and $6 million of real estate related capital projects to complete multi-year transformational investments at the key base area portals of Breckenridge Peak 8 and Keystone River Run, and planning investments to support the development of the West Lionshead area into a fourth base village at Vail Mountain. Including European growth capital investments, and real estate related capital, the Company plans to invest approximately $249 million to $254 million in calendar year 2025. Projects in the calendar year 2025 capital plan described herein remain subject to approvals. In calendar year 2025, the Company will embark on two multi-year transformational investment plans at Park City Mountain and Vail Mountain. In addition to embarking on two multi-year transformational investment plans, the Company is planning significant investments across the guest experience in calendar year 2025, including: In addition to the investments planned for calendar year 2025, the Company is completing significant investments that will enhance the guest experience for the upcoming 2024/2025 North American and European ski season. As previously announced, the Company expects its capital plan for calendar year 2024 to be approximately $189 million to $194 million , excluding $13 million of incremental capital investments in premium fleet and fulfillment infrastructure to support the official launch of My Epic Gear for the 2024/2025 winter season at 12 destination and regional resorts across North America , $7 million of growth capital investments at Andermatt-Sedrun, $2 million of maintenance and $2 million of integration investments at Crans-Montana, and $3 million of reimbursable capital. Including these one-time investments, the Company's total capital plan for calendar year 2024 is now expected to be approximately $216 million to $221 million . Earnings Conference Call The Company will conduct a conference call today at 5:00 p.m. eastern time to discuss the financial results. The call will be webcast and can be accessed at www.vailresorts.com in the Investor Relations section, or dial (800) 579-2543 (U.S. and Canada ) or +1 (785) 424-1789 (international). The conference ID is MTNQ125. A replay of the conference call will be available two hours following the conclusion of the conference call through December 16, 2024 , at 11:59 p.m. eastern time . To access the replay, dial (800) 753-9146 (U.S. and Canada ) or +1 (402) 220-2705 (international). The conference call will also be archived at www.vailresorts.com . About Vail Resorts, Inc. (NYSE: MTN) Vail Resorts is a network of the best destination and close-to-home ski resorts in the world including Vail Mountain, Breckenridge , Park City Mountain, Whistler Blackcomb, Stowe, and 32 additional resorts across North America ; Andermatt-Sedrun and Crans-Montana Mountain Resort in Switzerland ; and Perisher, Hotham, and Falls Creek in Australia . We are passionate about providing an Experience of a Lifetime to our team members and guests, and our EpicPromise is to reach a zero net operating footprint by 2030, support our employees and communities, and broaden engagement in our sport. Our company owns and/or manages a collection of elegant hotels under the RockResorts brand, a portfolio of vacation rentals, condominiums and branded hotels located in close proximity to our mountain destinations, as well as the Grand Teton Lodge Company in Jackson Hole, Wyo. Vail Resorts Retail operates more than 250 retail and rental locations across North America . Learn more about our company at www.VailResorts.com , or discover our resorts and pass options at www.EpicPass.com . Forward-Looking Statements Certain statements discussed in this press release and on the conference call, other than statements of historical information, are forward-looking statements within the meaning of the federal securities laws, including the statements regarding fiscal 2025 performance and the assumptions related thereto, including, but not limited to, our expected net income and Resort Reported EBITDA; our expectations regarding our liquidity; expectations related to our season pass products; our expectations regarding our ancillary lines of business; capital investment projects; our calendar year 2025 capital plan; our expectations regarding our resource efficiency transformation plan; and the payment of dividends. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties include but are not limited to risks related to a prolonged weakness in general economic conditions, including adverse effects on the overall travel and leisure related industries and our business and results of operations; risks associated with the effects of high or prolonged inflation, elevated interest rates and financial institution disruptions; unfavorable weather conditions or the impact of natural disasters or other unexpected events; the ultimate amount of refunds that we could be required to refund to our pass product holders for qualifying circumstances under our Epic Coverage program; the willingness or ability of our guests to travel due to terrorism, the uncertainty of military conflicts or public health emergencies, and the cost and availability of travel options and changing consumer preferences, discretionary spending habits; risks related to travel and airline disruptions, and other adverse impacts on the ability of our guests to travel; risks related to interruptions or disruptions of our information technology systems, data security or cyberattacks; risks related to our reliance on information technology, including our failure to maintain the integrity of our customer or employee data and our ability to adapt to technological developments or industry trends; our ability to acquire, develop and implement relevant technology offerings for customers and partners; the seasonality of our business combined with adverse events that may occur during our peak operating periods; competition in our mountain and lodging businesses or with other recreational and leisure activities; risks related to the high fixed cost structure of our business; our ability to fund resort capital expenditures, or accurately identify the need for, or anticipate the timing of certain capital expenditures; risks related to a disruption in our water supply that would impact our snowmaking capabilities and operations; our reliance on government permits or approvals for our use of public land or to make operational and capital improvements; risks related to resource efficiency transformation initiatives; risks related to federal, state, local and foreign government laws, rules and regulations, including environmental and health and safety laws and regulations; risks related to changes in security and privacy laws and regulations which could increase our operating costs and adversely affect our ability to market our products, properties and services effectively; potential failure to adapt to technological developments or industry trends regarding information technology; our ability to successfully launch and promote adoption of new products, technology, services and programs; risks related to our workforce, including increased labor costs, loss of key personnel and our ability to maintain adequate staffing, including hiring and retaining a sufficient seasonal workforce; our ability to successfully integrate acquired businesses, including their integration into our internal controls and infrastructure; our ability to successfully navigate new markets, including Europe , or that acquired businesses may fail to perform in accordance with expectations; a deterioration in the quality or reputation of our brands, including our ability to protect our intellectual property and the risk of accidents at our mountain resorts; risks related to scrutiny and changing expectations regarding our environmental, social and governance practices and reporting; risks associated with international operations, including fluctuations in foreign currency exchange rates where the Company has foreign currency exposure, primarily the Canadian and Australian dollars and the Swiss franc, as compared to the U.S. dollar; changes in tax laws, regulations or interpretations, or adverse determinations by taxing authorities; risks related to our indebtedness and our ability to satisfy our debt service requirements under our outstanding debt including our unsecured senior notes, which could reduce our ability to use our cash flow to fund our operations, capital expenditures, future business opportunities and other purposes; a materially adverse change in our financial condition; adverse consequences of current or future litigation and legal claims; changes in accounting judgments and estimates, accounting principles, policies or guidelines; and other risks detailed in the Company's filings with the Securities and Exchange Commission, including the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended July 31, 2024 , which was filed on September 26, 2024 . All forward-looking statements attributable to us or any persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. All guidance and forward-looking statements in this press release are made as of the date hereof and we do not undertake any obligation to update any forecast or forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by law. Statement Concerning Non-GAAP Financial Measures When reporting financial results, we use the terms Resort Reported EBITDA, Total Reported EBITDA, Resort EBITDA Margin, Net Debt and Net Real Estate Cash Flow, which are not financial measures under accounting principles generally accepted in the United States of America ("GAAP"). Resort Reported EBITDA, Total Reported EBITDA, Resort EBITDA Margin, Net Debt and Net Real Estate Cash Flow should not be considered in isolation or as an alternative to, or substitute for, measures of financial performance or liquidity prepared in accordance with GAAP. In addition, we report segment Reported EBITDA (i.e. Mountain, Lodging and Real Estate), the measure of segment profit or loss required to be disclosed in accordance with GAAP. Accordingly, these measures may not be comparable to similarly-titled measures of other companies. Additionally, with respect to discussion of impacts from currency, the Company calculates the impact by applying current period foreign exchange rates to the prior period results, as the Company believes that comparing financial information using comparable foreign exchange rates is a more objective and useful measure of changes in operating performance. Reported EBITDA (and its counterpart for each of our segments) has been presented herein as a measure of the Company's performance. The Company believes that Reported EBITDA is an indicative measurement of the Company's operating performance, and is similar to performance metrics generally used by investors to evaluate other companies in the resort and lodging industries. The Company defines Resort EBITDA Margin as Resort Reported EBITDA divided by Resort net revenue. The Company believes Resort EBITDA Margin is an important measurement of operating performance. The Company believes that Net Debt is an important measurement of liquidity as it is an indicator of the Company's ability to obtain additional capital resources for its future cash needs. Additionally, the Company believes Net Real Estate Cash Flow is important as a cash flow indicator for its Real Estate segment. See the tables provided in this release for reconciliations of our measures of segment profitability and non-GAAP financial measures to the most directly comparable GAAP financial measures. Vail Resorts, Inc. Consolidated Condensed Statements of Operations (In thousands, except per share amounts) (Unaudited) Three Months Ended October 31, 2024 2023 Net revenue: Mountain and Lodging services and other $ 187,050 $ 182,834 Mountain and Lodging retail and dining 73,162 71,442 Resort net revenue 260,212 254,276 Real Estate 63 4,289 Total net revenue 260,275 258,565 Segment operating expense: Mountain and Lodging operating expense 266,264 255,576 Mountain and Lodging retail and dining cost of products sold 28,947 31,295 General and administrative 106,857 108,025 Resort operating expense 402,068 394,896 Real Estate operating expense 1,491 5,181 Total segment operating expense 403,559 400,077 Other operating (expense) income: Depreciation and amortization (71,633) (66,728) Gain on sale of real property 16,506 6,285 Change in estimated fair value of contingent consideration (2,079) (3,057) Loss on disposal of fixed assets and other, net (1,529) (2,043) Loss from operations (202,019) (207,055) Mountain equity investment income, net 2,151None

Stock market today: Wall Street rises at the start of a holiday-shortened week

Stock market today: Nvidia drags Wall Street from its records as oil and gold rise(Bloomberg) — South Korea’s embrace of nuclear energy has been thrown into doubt as President Yoon Suk Yeol’s impeachment case raises the possibility of the opposition coming to power and overhauling the nation’s broader energy strategy. With Yoon suspended from office because of a botched attempt to impose martial law, his push to build more reactors at home and ramp up exports of Seoul’s nuclear technology is at risk of stalling, alongside a flagship oil and gas discovery. Stocks related to the nuclear sector and the drilling project have already suffered losses due to souring investor sentiment since the political crisis began. Asia’s fourth-largest economy has pledged to curb emissions by 40% from 2018 levels by 2030 and, while Yoon has come out in support of nuclear, successive governments have been criticized for dragging their feet on adding more renewables like solar and wind. The country is due to update its climate targets by early next year, but the political upheaval has now complicated that. “Everything is running into an extreme uncertainty,” said Hong Jong-ho, a professor at Seoul National University Graduate School of Environment Studies. “The political shift could prompt South Korea to re-evaluate its broader energy strategy, especially its policies around nuclear and renewable energy.” Opposition leader Lee Jae-myung, Yoon’s most likely successor if he loses the impeachment case, is seen as more climate-friendly. During his campaign in the 2022 presidential election, which he narrowly lost, he pledged to expand renewables, bring forward the country’s 2050 net zero target by a decade, and pushed for stricter emissions targets with early phase-out of coal-fired power plants. At the same time, he has opposed building new nuclear reactors but is set to allow the use of existing facilities. Any roll-back in nuclear policy will contrast with a global resurgence in interest in the low-carbon energy source, as countries from China and Japan to the UAE and France, and tech giants like Microsoft Corp. push to build or revive reactors to help reduce their carbon footprints. Yoon’s administration reversed his predecessor’s anti-nuclear stance and aimed to increase the share of nuclear energy in electricity generation from roughly 30% in 2023 to nearly 36% by 2038. But critics argued that Yoon’s nuclear-centric strategy sidelined the potential of renewable energy, which aligns more closely with global green initiatives. At the same time, his push for oil and gas exploration off the country’s east coast also faced a backlash from climate activists and opposition lawmakers, who claimed these policies undermine the decarbonization efforts of the world’s eighth-biggest emitter. For now, all eyes are on South Korea’s Constitutional Court, which must decide whether or not to validate Yoon’s impeachment within 180 days. If it does, an election must be held for a new president within 60 days. All this could delay the parliamentary approval needed for the country’s long-term energy roadmap plan, at a time when the nation is under pressure to beef up its emissions targets. Despite being ranked at close to the bottom on the Climate Change Performance Index of nearly 70 countries and regions, its response to threats of a warming planet has never emerged as a key policy issue in parliamentary or presidential elections. “The change in leadership following the impeachment process has the potential to drive positive momentum for climate action and elevate South Korea’s leadership in this field,” said Oh Dongjae, head of gas at non-profit organization, Solutions for Our Climate. “We expect to see many updated climate agendas emerge during and after the uncertain political situation, and this would motivate a fresh uptake of ambition, regardless of the outcome.”

Recession-Proofing Your Portfolio With GoldReturning to the office a few days a week is worth the commute, experts say What are you missing by staying home? Diane Jermyn, Special to The Globe and Mail Dec 5, 2024 1:30 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Recent studies report that fully remote work reduces productivity by 10 to 20 per cent, while hybrid work benefits companies and employees. Rob Kruyt, BIV Listen to this article 00:07:39 Nearly five years ago, most office workers in Canada went home to work. Office life as we knew it vanished in a pandemic instant. Remarkably, most of these workers didn’t skip a beat. Most people liked the flexibility and the work got done – comfortably from home. Now many employers want people to come back to the office. Some make it a requirement on set days, others let employees make their own schedules, but most have settled on some kind of hybrid in-person and remote work model. But many employees don’t want to go back, citing long commutes, traffic, crowded or inconvenient public transit, expensive parking and the impact on the environment. Plus, remote workers who moved far away just don’t see the point of coming in at all. However, recent studies, such as one led by Stanford economist Nicholas Bloom, report that fully remote work reduces productivity by 10 to 20 per cent , while hybrid work benefits companies and employees . Without an in-person requirement, employers are concerned about losing out on productivity, communication, creativity and a strong company culture. So, what works and how can employers make people feel good about commuting and coming into the office again? A clear purpose and plan Linda Duxbury, the Chancellor’s professor of management at the Sprott School of Business at Carleton University in Ottawa, says the key is to intentionally design the in-office experience, rather than just requiring people to show up without a clear purpose or plan. “One of the reasons people like coming into the office is to socialize with their colleagues – they enjoy the informality, team activities and discussions,” says Prof. Duxbury. “If employers want happier employees, then they have to manage the in-person days better than many do.” “Right now, it’s a dog’s breakfast. It can’t be just random, with people coming in and then spending all their time on video calls with co-workers who are at home. What works is requiring whole teams to come in on certain days to do activities that can’t be done remotely, maximizing collaboration, team building, coaching, mentoring, training and development.” Designing a space for connection At Universities Canada, a non-profit organization representing Canadian universities, all 108 full-time employees are required to work in-person for two days a week. Shortly after Gabriel Miller, president and chief executive officer, joined last June, the organization moved into new headquarters in downtown Ottawa, designed after surveying employees about what they wanted in their work environment. “The office has been thoughtfully designed with people in mind,” says Mr. Miller. “When you enter, there’s an open gathering space that connects to a big kitchen, where people can stop by for coffee or to eat lunch with everybody from the most senior employees to university interns.” “The office is full of green plants, which really humanizes the space and helps people feel at home. There’s a variety of work settings so people can choose what best suits their needs and a mix of meeting rooms equipped with seamless technology so it’s easy for people to access information, but also connect to people who aren’t present. What this office says to our people is that in every possible way, we want to support you being together as a team.” To minimize commuting woes, the new office is centrally located and well served by transit and includes lockers for employees who cycle to work. “We need to provide as many sustainable options as we can,” he says. “Being located in a place that our employees can get to with minimal inconvenience, whether by car, bike, bus or on foot is key. So far we’ve only allowed people to work remotely on a temporary basis, but overwhelmingly, we’ve held the line on [a minimum of two in-person days a week]. If you start chipping away at it, one person or project at a time, people would soon begin to doubt our commitment.” When people are together in the office, he stresses it’s important to have opportunities for them to connect and collaborate in ways that wouldn’t be possible to do from home. “I really believe you need to balance remote and in-person work to maintain productivity and relationships,” he says. “If you think back on your career, a lot of what we learned was the result of encounters and relationships that we built organically with the people around us. Especially for young people, in-person interactions are critical for mentorship and career development.” ‘We spaces’ Toronto-based Accenture Canada takes a “one-size-doesn’t-fit-most” approach for its 6,500 employees, according to its chief human resources officer, Suehlan Yu. A 20-year veteran of the firm, she says remote/hybrid work isn’t new to the organization, as Accenture Canada has been doing it globally for decades, collaborating with clients, teams and people working remotely. “Our focus is on levelling the playing field, so that irrespective of where people are, they’re able to participate fully and bring their best to work,” says Ms. Yu. “We really started by listening to our people, and we do that through a robust listening framework that includes surveys, fireside chats and town halls. What the majority of our people say is that flexibility – when, where and how they work – is the top enabler for the successful future of work.” Ms. Yu says there’s no policy that requires everyone to be in the office on set days. Instead, leaders and teams work together to determine the unique mix of virtual and in-person work that’s best for them, guided by client needs, individual roles and responsibilities. “In-person connection is part of everyone’s role, but we don’t believe in being on-site for the sake of being on-site,” says Ms. Yu. “We like to make that purposeful for our people.” Offices at Accenture are designed with a focus on “we spaces” – collaborative areas with technology allowing remote employees to fully participate in meetings and team activities. There’s also a focus on friendly and accommodating workspaces to suit individual and diverse needs, as well as meditation rooms, mothers’ lactation rooms and wellness rooms equipped with yoga balls and table tennis. To encourage in-person socialization, the firm hosts a quarterly event that they call “stacked events” – a full-day at the office packed with engagement activities, panel discussions and learning sessions, ending with a social event. “People get to meet leaders, network with peers and maybe find their next staffing opportunity,” says Ms. Yu. “We also have Gen AI and industry and function learning days, lunch and learns, and employee resource group events constantly happening and encouraging people to come into the office. Everything’s available virtually as well, so people can be involved wherever they are at that time.” Threat from AI One caveat remote workers might consider is that many jobs that can be done at home may also be easily done by AI. That might inspire some to put in more office time. “There’s a recent article in Harvard Business Review that says AI is coming for remote tasks first,” says Prof. Duxbury. “That’s because much of the type of work that can be done at home is the kind of thing that has sequential structure, doesn’t require a lot of creativity, discussion with other people, negotiation or to be front-facing. So perfect for AI too.” 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 Human Resources & Education What is ‘unbossing’ and why are organizations doing it? Dec 4, 2024 1:30 PM Opinion: Inclusion at B.C. workplaces means seeing disability as a strength Dec 3, 2024 8:03 AM Workplace mental health programs aren't delivering the expected outcomes, experts say Dec 2, 2024 5:00 PM

( MENAFN - GetNews) "The key players in the robotic dentistry market include Planmeca Oy (Finland), Align technology Inc. (US), Intuitive Surgical Inc (US), DENTSPLY SIRONA Inc. (US), and Envista Holdings Inc. (US)"Browse 133 market data Tables and 45 Figures spread through 182 Pages and in-depth TOC on "Robotic Dentistry Market by Product and Services (Standalone Robots, Robot Assisted Systems, Software, Services), Application (Implantology, Endodontics), End User (Dental Hospitals, Clinics, Dental Academic, Research Institute) - Global Forecast to 2028 Robotic Dentistry Market in terms of revenue was estimated to be worth $0.4 billion in 2023 and is poised to reach $1.0 billion by 2028, growing at a CAGR of 17.3% from 2023 to 2028 according to a new report by MarketsandMarkets. Developing countries such as China, India, the Middle East, and other APAC and Latin American countries present a lucrative opportunity for players in the market. This is mostly due to their expanding middle-class population, increasing disposable incomes, and the rising demand for dental tourism. Download an Illustrative overview: "During the forecast period, the standalone robot is expected to be the fastest growing segment of the robotic dentistry market." Under type, the standalone robot is forecasted to grow at the highest CAGR from 2023 to 2028. The primary drivers of this market are the introduction of new technologies, which provide advantages for patients in terms of more accuracy and less time consumption. The standalone robot is used for minimally invasive surgeries and can be used for the precise placement of implants. In various dental applications, standalone robots can be used. "In 2022, by the end user, dental hospitals clinics segment held the largest share of robotic dentistry market." By end user, the robotic dentistry market can be segmented into dental hospitals and clinics segment, dental research and academic institutes, and other end users. Due to the large adoption of the robotic dentistry market at dental hospitals and clinics, this segment occupied the largest share of the market in 2022. Additionally, there has been an increase in rise in prevalence of oral diseases and dental tourism, which has contributed to the growth of the market. "During the forecast period, Asia Pacific is expected to be the fastest growing region in the robotic dentistry market. " The robotic dentistry is segmented into five major regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East and Africa. Asia Pacific is expected to be the fastest-growing region in the robotic dentistry market during the forecast period. Growth in Asia Pacific in the robotic dentistry market is driven by the growing geriatric population, growing dental tourism, and factors such as the increasing number of dental professionals, the rising incidence of dental diseases, and the growing number of implant procedures. Request Sample Pages: Robotic Dentistry Market Dynamics: Drivers: Restraints: Opportunities: Challenges: Key Market Players: The key players in the robotic dentistry market include Planmeca Oy (Finland), Align Technology Inc. (US), Intuitive Surgical Inc (US), DENTSPLY SIRONA Inc. (US), and Envista Holdings Inc. (US). These companies adopted strategies such as partnerships, acquisitions, and investments to strengthen their presence in the robotic dentistry market. Get 10% Free Customization on this Report: MENAFN16122024003238003268ID1108999852 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Stock market today: Wall Street rises at the start of a holiday-shortened weekKatten Advises CleanSpark on $650 Million Convertible Senior Notes Offering

Iron Mountain ( NYSE:IRM – Free Report ) had its target price hoisted by Royal Bank of Canada from $135.00 to $139.00 in a research report released on Wednesday, Benzinga reports. They currently have an outperform rating on the financial services provider’s stock. Other equities analysts have also issued reports about the stock. BNP Paribas raised shares of Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. Barclays cut their price target on Iron Mountain from $133.00 to $131.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. The Goldman Sachs Group upped their price objective on Iron Mountain from $106.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Wells Fargo & Company lifted their target price on Iron Mountain from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Finally, JPMorgan Chase & Co. increased their price target on shares of Iron Mountain from $82.00 to $121.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Iron Mountain has a consensus rating of “Buy” and an average target price of $131.00. View Our Latest Research Report on Iron Mountain Iron Mountain Stock Down 0.4 % Iron Mountain Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be issued a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 2.31%. The ex-dividend date is Monday, December 16th. Iron Mountain’s dividend payout ratio is presently 794.47%. Insider Activity In related news, Director Wendy J. Murdock sold 8,500 shares of Iron Mountain stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $116.38, for a total value of $989,230.00. Following the completion of the sale, the director now directly owns 14,829 shares in the company, valued at $1,725,799.02. This trade represents a 36.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . Also, CEO William L. Meaney sold 15,875 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $118.97, for a total transaction of $1,888,648.75. Following the transaction, the chief executive officer now owns 295,650 shares in the company, valued at $35,173,480.50. The trade was a 5.10 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold a total of 56,125 shares of company stock worth $6,613,584 over the last 90 days. 2.10% of the stock is currently owned by corporate insiders. Institutional Trading of Iron Mountain A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in shares of Iron Mountain by 22.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 592,773 shares of the financial services provider’s stock worth $47,547,000 after purchasing an additional 110,551 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in Iron Mountain by 2.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 30,788 shares of the financial services provider’s stock worth $2,470,000 after buying an additional 681 shares during the last quarter. California State Teachers Retirement System lifted its stake in Iron Mountain by 1.5% during the 1st quarter. California State Teachers Retirement System now owns 467,973 shares of the financial services provider’s stock valued at $37,536,000 after acquiring an additional 6,770 shares during the period. Tidal Investments LLC boosted its holdings in shares of Iron Mountain by 284.1% in the 1st quarter. Tidal Investments LLC now owns 18,416 shares of the financial services provider’s stock valued at $1,477,000 after acquiring an additional 13,621 shares during the last quarter. Finally, Swedbank AB acquired a new stake in shares of Iron Mountain in the first quarter worth $19,445,000. Institutional investors and hedge funds own 80.13% of the company’s stock. About Iron Mountain ( Get Free Report ) Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers’ work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals. Featured Stories Receive News & Ratings for Iron Mountain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iron Mountain and related companies with MarketBeat.com's FREE daily email newsletter .7.0 earthquake off Northern California prompts brief tsunami warningA bid by The Onion satirical news outlet to buy Alex Jones' conspiracy theory platform Infowars returned Monday to a Texas courtroom, where a judge heard arguments on whether a bankruptcy auction was properly run as Jones alleges collusion and fraud. U.S. Bankruptcy Judge Christopher Lopez in Houston is looking into the November auction and how a trustee chose The Onion over the only other bidder — a company affiliated with Jones that offered twice as much money as The Onion. The judge said the hearing would last into Monday evening and pick up again on Tuesday afternoon. The sale of Infowars is part of Jones' personal bankruptcy case , which he filed in late 2022 after he was ordered to pay nearly $1.5 billion in defamation lawsuits in Connecticut and Texas filed by relatives of victims of the Sandy Hook Elementary School shooting in Connecticut. Jones repeatedly called the 2012 shooting that killed 20 children and six educators a hoax staged by actors and aimed at increasing gun control. Most of the proceeds from the sale of Infowars, as well as many of Jones' personal assets, will go to the Sandy Hook families to help satisfy judgments issued by juries and judges in state courts in Connecticut and Texas. Some proceeds will go to Jones' other creditors. The Onion, which wants to turn Infowars' website and social media accounts into parodies , offered $1.75 million for Infowars' assets in the auction, while First United American Companies — which runs a website in Jones’ name that sells nutritional supplements — bid $3.5 million. The Onion's bid also included a pledge by many of the Sandy Hook families to forgo some or all of the auction proceeds due to them to give other creditors a total of $100,000 more than they would receive under other bids. The trustee, Christopher Murray, chose The Onion, saying its proposal was better for creditors because they would receive more money. Joshua Wolfshohl, an attorney for Murray, told the judge Monday that no wrongdoing occurred during the auction. He called the complaints by Jones and First United American Companies unfounded. “The vast majority of their complaints are just fantastic, imagined conspiracy theories that have no basis in reality," he said. Jones' lawyer, Ben Broocks, questioned Murray's rationale for choosing The Onion and alleged that a recent deposition of the trustee showed improprieties. He also questioned the validity of The Onion's bid, saying it was technically valued at $7 million because of the incentive offered by the Sandy Hook families. An auction company executive involved in the sale testified most of the afternoon. In court filings, Jones and First United American Companies accused Murray, The Onion and the Sandy Hook families of illegally colluding on the bidding, committing fraud and violating the judge's rules for the auction. Murray, The Onion and the families deny the allegations. In his own court filing, Murray called the allegations “a disappointed bidder’s improper attempt to influence an otherwise fair and open auction process.” Up for sale at the auction were all the equipment and other assets in the Infowars studio in Austin, Texas, as well as its social media accounts, websites, video archive and product trademarks. Jones uses the studio to broadcast his far-right, conspiracy theory-filled shows on the Infowars website, his account on the social platform X and radio stations. Jones has set up another studio, websites and social media accounts in case The Onion wins approval to buy Infowars and kicks him out. Jones has said he could continue using the Infowars platforms if the auction winner is friendly to him. Jones is appealing the $1.5 billion in judgments citing free speech rights but has acknowledged that the school shooting happened . On Friday, a Connecticut appeals court reduced by $150 million the original $1.44 billion judgment against Jones in the lawsuit against him in that state, but upheld the rest of the award. Jones' lawyer said he will ask Connecticut's highest court to review the appellate ruling. Jones is also appealing a $50 million judgment in a similar Texas defamation lawsuit.

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