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U.S. Sen. Jon Tester walks off stage after conceding the Montana senate race in front of family and staff in Great Falls, Mont. on Nov. 6. U.S. Jon Tester warned the chamber he may shed a fear tears on Monday during his farewell speech in the U.S. Senate, but it wouldn't be for sorrow; someone had just convinced the 68-year-old Montana farmer closing out his third term to play a little basketball a day earlier. Such silliness set the tone as Tester bid so long to the nation's capital, particularly in the send-off speeches from Democratic Senate buddy Cory Booker and the stately Republican Sen. Mitt Romney from Utah. Tester's re-election effort fell short last month in a high-stakes contest against Republican newcomer Tim Sheehy. Tester's races for the U.S. Senate have always been won on a tight margin. On Nov. 5, Sheehy beat Montana's senior senator by 8 percentage points, completing a GOP sweep of statewide offices here. Early on in his speech, Tester said with some conviction that it was time to move forward. That was the case when he moved on from his meat-cutting operation to become a state legislator, and again when he was elected to the U.S. Senate in 2006. In the time since, Tester has become one of the most consequential policymakers in the Senate on veterans’ issues, chairing the Veterans' Affairs Committee and the Senate Appropriations Defense Subcommittee. He raised mileage reimbursements approved for veterans traveling for health care services, bills working to better veterans health care and women’s health care with the Department of Veterans Affairs. He held especially high the Sergeant First Class Heath Robinson Honoring our Promise to Address Comprehensive Toxics Act of 2022 (PACT Act), which provided treatment for health issues from exposure to toxic burn pits and other substances like Agent Orange. "Veterans, veterans, veterans, they all got together and made this the highest priority," he said. "Some of you could remember the veterans being on the swamp in July, hotter than ... hot, and we got it passed because of their influence." Tester is credited for pulling lawmakers together to get the bill over the finish line in the Senate. Sen. Angus King, an Independent from Maine, made sure to not let the moment pass without the record reflecting it. "The PACT Act would not have happened without Jon Tester," he said. "That's just a fact." Tester spoke about his upbringing, his memories of immigrant grandparents and the influence of his parents on his fashion of public service. "So what did these ancestors instill in me? They instilled Montana values, like telling the truth, like your word is your bond, like your handshake means something and that you respect people and absolutely never, never sass your elders," he said. "But most importantly they taught me that hard work creates luck, and hard work is essential for success." Democratic Sen. Cory Booker of New Jersey, right, snaps a selfie with fellow Montana Sen. Jon Tester and a supporter on Saturday, March 18, 2017, in Helena, Montana, for the state party's annual dinner. (AP Photo/Bobby Caina Calvan) He thanked his wife, Sharla, who has been a familiar face with him in Washington, D.C., and on the recent campaign circuit. He was 21 and she was 19 when they took over his family's farm. "That meant every other day of the year, our workplace was across form one another with knives, very sharp knives in our hands. That taught us to choose our arguments carefully," he said. "In the end she always supported my public service endeavors even when she really didn't think it was a good idea." Tester said the Big Sandy School Board was the hardest job he ever had, and the Montana Legislature was the most fun. He spoke of many accomplishments, from infrastructure funding and community banking to supporting tech job growth in the U.S. and in Montana. But Tester said his greatest accomplishment was serving in the U.S. Senate "as a citizen legislator, having a real full-time job outside his body, in my case, as a farmer." "This is what our forefathers had in mind," he said. He urged the body to take up efforts to bolster the nation's military defense, climate change, consolidation of the agriculture industry, public education and more. Sen. Jon Tester, D-Mont., left, and Sen. Mitt Romney, R-Utah, leave the Senate chamber as the impeachment trial of former President Donald Trump adjourns until Saturday, in Washington, Friday, Feb. 12, 2021. (AP Photo/J. Scott Applewhite) He also compelled the Senate to take up campaign finance reform, calling it the source of division among the country and paralysis inside of Congress. Montana's Senate contest this year drew a record-setting flood of outside money, more than $315 million. Tester meanwhile raised and spent more than $87 million over the cycle, compared to Sheehy's campaign, which won out with almost $22 million raised. Booker, a Democratic senator from urban New Jersey, wrapped up a farcical "I don't like Jon Tester" speech by driving home some commonalities the two found while serving in Washington. And he praised Tester for running for a fourth term while well aware that Montana was trending further to the right, steadily shedding its purple status and cementing itself as a Trump state. "Jon didn't go quietly into the night," Booker said. "He chose, because of the love of his state, to run an election. ... It was a testimony to his character." Republicans chipped in their respects Monday, as well. Sen. Steve Daines, Montana's soon-to-be senior senator, thanked Tester in a statement for his 25 years of public service to the state, from school board to the U.S. Capitol. "I'm sure Jon has lost count of the number of very early cold and dark Montana mornings he left Big Sandy to get to Great Falls to catch his plane to D.C., but this is just one of the sacrifices folks don’t often see. Jon did that commute for 18 years," Daines said in the statement. "There was never any doubt that Jon worked hard every day to represent the people of the state we both love to call home. And while it’s no secret Jon and I didn’t see eye to eye on many issues, we worked together on a number of important Montana priorities and agree that the people we represent make coming to work here every day worth it. Jon, thank you for your decades of dedicated service to the Treasure State." Romney likewise applauded Tester Monday. When he believed President Joe Biden would falter on his own re-election bid, Romney said he approached Tester (and a small number of other Democrats) about running for president, despite disagreeing with him "on almost every issue." "I wanted Jon Tester to be the next president of the United States because he's a man of such extraordinary character," he said, then grinning: "He is as honest as his hair is short. And as strong as his physique is imposing." There were several fits of laughter on the Senate chamber floor over the hour spent on the goodbye, but Tester finished his own speech with some stern assessment. "This democracy has resulted in the greatest country that has ever existed. It is because of our forefathers' ability to compromise and think clearly about the challenges ahead," he said. "To say that I'm worried about this country's ability to maintain the strongest economy and the most powerful military in the world would be an understatement. However, I know a majority of people that serve in this U.S. Senate today are real legislators who want to do real legislating. To those senators, you need to make sure your voices are a majority of this body. If not, this country will change in a way that our children will not thank us for. God bless you all, and tally-ho." Supporters of Republican U.S. Senate candidate Tim Sheehy cheer in anticipation of his taking the stage during his watch party early Wednesday at the Kimpton Armory Hotel in Bozeman. U.S. Sen. Jon Tester concedes the Montana senate race in front of family and staff in Great Falls, Mont., on Nov. 6. Republican U.S. senate candidate Tim Sheehy addresses supporters early Nov. 6 at the Kimpton Armory Hotel in Bozeman. U.S. Sen. Jon Tester walks off stage after conceding the Montana senate race in front of family and staff in Great Falls, Mont. on Nov. 6. Republican U.S. Senate candidate Tim Sheehy addresses supporters early Wednesday morning at the Kimpton Armory Hotel in Bozeman. U.S. Sen. Jon Tester addresses supporters during his election night party in Great Falls on Tuesday. Republican candidate for U.S. Senate Tim Sheehy speaks at a campaign event in East Helena on Oct. 27. U.S. Sen. Jon Tester concedes the Montana senate race in front of family and staff in Great Falls, Mont. on Nov. 6. Tim Sheehy prepares to debate U.S. Sen. Jon Tester on campus at the University of Montana in Missoula on Sept. 30. U.S. Sen. Jon Tester addresses supporters during his election night party in Great Falls on Tuesday. Republican candidate for U.S. Senate Tim Sheehy addresses supporters at a primary election night party in Gallatin Gateway on June 4. U.S. Sen. Jon Tester addresses supporters during his election night party in Great Falls on Tuesday. Former president Donald Trump shakes hands with senatorial candidate Tim Sheehy during a rally at Brick Breeden Fieldhouse in Bozeman on Aug. 9. U.S. Sen. Jon Tester answers questions from members of the community related to Social Security and Medicare during an event at the Garden City Harvest Barn in Missoula on Tuesday. U.S. Senate candidate Tim Sheehy speaks at a rally in the Brick Breeden Fieldhouse in Bozeman on Friday. U.S. Sen. Jon Tester works on his speech before addressing his election night party in Great Falls on Tuesday. Campaign staffers and volunteers for U.S. Sen. Jon Tester walk in the Montana Pride parade in downtown Helena on Aug. 3. Republican candidate for U.S. Senate Tim Sheehy, talks with supporters outside the Donald Trump rally at the Brick Breeden Fieldhouse in Bozeman, Mont. on August 9, 2024. A demonstrator with Montanans for Palestine is forcibly removed after interrupting Sen. Jon Tester speaking at the Montana Democrats' annual Mansfield Metcalf Dinner on March 2. U.S. Sen. Jon Tester greets supporters in the crowd during the Montana Democratic Big Sky Victory Get Out the Vote Rally at the Pub Station Taproom in downtown Billings on Nov. 1. Republican candidate for U.S. Senate Tim Sheehy, talks with supporters outside the Donald Trump rally at the Brick Breeden Fieldhouse in Bozeman, Mont. on August 9, 2024. Republican candidate for U.S. Senate Tim Sheehy talks with a supporter at a primary election night party in Gallatin Gateway on Tuesday. Tim Sheehy, a Republican running against Democratic incumbent Jon Tester for U.S. Senate, speaks at the “Protecting Freedom” event at the University Center Ballroom at the University of Montana on Sunday. Sen. Jon Tester laughs at questions from the audience during an event with Tester, Pearl Jam bassist Jeff Ament and Hank Green at the Wilma on Wednesday. U.S. Sen. Jon Tester answers questions from members of the community related to Social Security and Medicare during an event at the Garden City Harvest Barn in Missoula on Tuesday. Senate candidate Tim Sheehy speaks to the audience at the Montana GOP 2024 Winter Kickoff event in Helena on Friday night. U.S. Senator Jon Tester at a campaign event in Helena on Oct. 25, 2024. Veteran Mike Lawson holds a "Veterans for Tester" sign while addressing the crowd prior to U.S. Sen. Jon Tester taking the stage during a campaign rally on Oct. 4 at the Carpenter's Union Hall in Butte. U.S. Sen. Jon Tester gestures while addressing the crowd during a campaign rally on Oct. 4 at the Carpenter's Union Hall in Butte. U.S. Sen. Jon Tester prepares to debate Tim Sheehy in the PAR/TV Building on campus at the University of Montana on Monday. U.S. Sen. Jon Tester speaks at the Montana Democrats' annual Mansfield Metcalf Dinner at the Lewis and Clark County Fairgrounds in Helena on March 2. Supporters of U.S. Sen. Jon Tester wave campaign signs as he takes the stage at the Montana Democrats' annual Mansfield Metcalf Dinner on March 2 in Helena. Senate candidate Republican Tim Sheehy appears with South Dakota Governor Kristi Noem, right, and Jodee Etchart of the Montana House of Representatives in the Beacon Air hangar at the Billings airport on Sunday. Seaborn Larson has worked for the Montana State News Bureau since 2020. His past work includes local crime and courts reporting at the Missoulian and Great Falls Tribune, and daily news reporting at the Daily Inter Lake in Kalispell. Get Government & Politics updates in your inbox! Stay up-to-date on the latest in local and national government and political topics with our newsletter. State Bureau Reporter {{description}} Email notifications are only sent once a day, and only if there are new matching items.Protesters cleared from Pakistan capitalGermany to tighten criminal law as people-smuggling ‘action plan’ agreed with UK
LOS ANGELES – The Biden administration plans on reducing part of Intel's $8.5 billion in federal funding for computer chip plants around the country, according to three people familiar with the grant who spoke on the condition of anonymity to discuss private conversations. The reduction is largely a byproduct of the $3 billion that Intel is also receiving to provide computer chips to the military. President Joe Biden announced the agreement to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans in March. Recommended Videos The changes to Intel’s funding are not related to the company’s financial record or milestones, the people familiar with the grant told The Associated Press. In August, the chipmaker announced that it would cut 15% of its workforce — about 15,000 jobs — in an attempt to turn its business around to compete with more successful rivals like Nvidia and AMD. Unlike some of its rivals, Intel manufactures chips in addition to designing them. Two years ago, President Biden hailed Intel as a job creator with its plans to open a new plant near Columbus, Ohio. The president praised the company for plans to “build a workforce of the future” for the $20 billion project, which he said would generate 7,000 construction jobs and 3,000 full-time jobs set to pay an average of $135,000 a year. The California-based tech giant's funding is tied to a sweeping 2022 law that President Biden has celebrated and which is designed to revive U.S. semiconductor manufacturing. Known as the CHIPS and Science Act , the $280 billion package is aimed at sharpening the U.S. edge in military technology and manufacturing while minimizing the kinds of supply disruptions that occurred in 2021, after the start of the coronavirus pandemic, when a shortage of chips stalled factory assembly lines and fueled inflation . The Biden administration helped shepherd the legislation following pandemic-era concerns that the loss of access to chips made in Asia could plunge the U.S. economy into recession. When pushing for the investment, lawmakers expressed concern about efforts by China to control Taiwan, which accounts for more than 90% of advanced computer chip production. In August, the administration pledged to provide up to $6.6 billion so that a Taiwanese semiconductor giant could expand the facilities it is already building in Arizona and better ensure that the most advanced microchips are produced domestically for the first time. The Commerce Department said the funding for Taiwan Semiconductor Manufacturing Co. meant the company could expand on its existing plans for two facilities in Phoenix and add a third, newly announced production hub. The administration has promised tens of billions of dollars to support construction of U.S. chip foundries and reduce reliance on Asian suppliers, which Washington sees as a security weakness. _____ Boak reported from Washington.
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Gold Down Over 3%; Rigetti Computing Shares Spike HigherFreightos CRGO is set to give its latest quarterly earnings report on Monday, 2024-11-25. Here's what investors need to know before the announcement. Analysts estimate that Freightos will report an earnings per share (EPS) of $-0.16. The announcement from Freightos is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter. It's worth noting for new investors that guidance can be a key determinant of stock price movements. Freightos Share Price Analysis Shares of Freightos were trading at $2.4 as of November 21. Over the last 52-week period, shares are down 17.17%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. To track all earnings releases for Freightos visit their earnings calendar on our site. This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Secretaries of State are being told that any outgoings which are not contributing towards one of Labour’s “priorities” must be cut as Rachel Reeves vows to wield “an iron fist against waste.” In letters sent by Chief Secretary to the Treasury Darren Jones, departments will be told to brace for “difficult” spending decisions in order to restore trust in the Government’s handling of the public finances. Every pound of departmental spending will be face a “line-by-line review” involving external finance experts from banks and think tanks in order to ensure it represents good value for money, the Treasury said. The Chancellor will on Tuesday launch the next round of Government spending, and is expected to warn departments that they “cannot operate in a business-as-usual way when reviewing their budgets for the coming years”. She will insist that areas focused on Prime Minister Sir Keir Starmer’s “plan for change”, which includes targets to improve living standards across the country and build 1.5 million homes, must be prioritised. Ms Reeves said: “By totally rewiring how the Government spends money we will be able to deliver our plan for change and focus on what matters for working people. “The previous government allowed millions of pounds of taxpayers’ money to go to waste on poor value for money projects. We will not tolerate it; I said I would have an iron grip on the public finances and that means taking an iron fist against waste. “By reforming our public services, we will ensure they are up to scratch for modern day demands, saving money and delivering better services for people across the country. That’s why we will inspect every pound of Government spend, so that it goes to the right places and we put an end to all waste.” Under the Treasury’s plans, departments will ensure budgets are scrutinised by “challenge panels” of external experts including former senior management of Lloyd’s Banking Group, Barclays Bank and the Co-operative Group. These panels, which will also involve think tanks, academics and the private sector, will advise on which spending “is or isn’t necessary”, the ministry said. The Treasury said work has already begun, with an evaluation of the £6.5 million spent on a scheme that placed social workers in schools finding “no evidence of positive impact on social care outcomes”. “Departments will be advised that where spending is not contributing to a priority, it should be stopped,” it said. “Although some of these decisions will be difficult, the Chancellor is clear that the public must have trust in the Government that it is rooting out waste and that their taxes are being spent on their priorities.” Ms Reeves had already announced efficiency and productivity savings of 2% across departments in her autumn Budget as she seeks to put the public finances on a firmer footing. In a speech in east London, Chancellor of the Duchy of Lancaster Pat McFadden hinted at a further squeeze. “At the Budget the Chancellor demanded efficiency and productivity savings of 2% across departments – and there will be more to come,” he said. “As we launch the next phase of the spending review at its heart must be reform of the state in order to do a better job for the public.” The Liberal Democrats accused the Government of “missing opportunities and making self-defeating decisions” in the Budget, and urged it not to “make the same mistakes” in the spending review. The party’s Treasury spokeswoman, Daisy Cooper, said: “Leaving the social care sector in crisis is a false economy that will only put people at risk and damage the public finances. “The Government cannot afford to make the same mistakes in the spending review as they did with the Budget, missing opportunities and making self-defeating decisions. “The Government must use this Review to invest to save, taking into account the billions of pounds that could be saved in the NHS budget by investing.”
MoMo Productions We have compared BlackRock Health Sciences Trust ( NYSE: BME ) to abrdn World Healthcare Fund ( THW ) a couple of times now. The most recent one being at the beginning of this year. BME had outperformed THW by over 10% from Are you looking for Real Yields which reduce portfolio volatility? Conservative Income Portfolio targets the best value stocks with the highest margins of safety. The volatility of these investments is further lowered using the best priced options . Our Enhanced Equity Income Solutions Portfolio is designed to reduce volatility while generating 7-9% yields. Trapping Value is a team of analysts with over 40 years of combined experience generating options income while also focusing on capital preservation. They run the investing group Conservative Income Portfolio in partnership with Preferred Stock Trader. The investing group features two income-generating portfolios and a bond ladder. Trapping Value provides Covered Calls, and Preferred Stock Trader covers Fixed Income. The Covered Calls Portfolio is designed to provide lower volatility income investing with a focus on capital preservation. The fixed income portfolio focuses on buying securities with high income potential and heavy undervaluation relative to comparatives. Learn more . Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in BME over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.NEW YORK, Dec. 22, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Zeta Global Holdings Corp. ZETA and certain of the Company's senior executives for potential violations of the federal securities laws. If you invested in Zeta, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/zeta-global-holdings-corp . Investors have until January 21, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Zeta securities. The case is pending in the U.S. District Court for the Southern District of New York and is captioned Davoodi v. Zeta Global Holdings Corp. , et al. , No. 24-cv-08961. What is the Lawsuit About? Zeta is a cloud-based technology company that provides a marketing platform to assist marketers in acquiring customers. The complaint alleges that Zeta represented that its marketing platform was powered by the industry's largest opted-in data set. On November 13, 2024, prominent investment research firm Culper Research published a report titled: "Zeta Global Holdings Corp (ZETA): Shams, Scams, and Spam." Based on Culper's investigation that included proprietary interviews with industry experts and former Zeta employees, the research firm found that Zeta's data set had been generated from a network of "consent farms" – i.e., sham websites designed to gather consumer data under false pretenses or awards that did not exist. Culper Research further wrote that these consent farms drove almost the entirety of Zeta's growth over the past 2+ years, representing 56% of its Adjusted EBITDA, and could result in devastating regulatory action. The news caused a significant decline in the price of Zeta stock. On November 13, 2024, the price of the company's stock fell 37%, from a closing price of $28.22 per share on November 12, 2024, to $17.76 per share on November 13, 2024. Click here for more information: https://www.bfalaw.com/cases-investigations/zeta-global-holdings-corp . What Can You Do? If you invested in Zeta you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses. Submit your information by visiting: https://www.bfalaw.com/cases-investigations/zeta-global-holdings-corp Or contact: Ross Shikowitz ross@bfalaw.com 212-789-3619 Why Bleichmar Fonti & Auld LLP? Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs' Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors (pending court approval), as well as $420 million from Teva Pharmaceutical Ind. Ltd. For more information about BFA and its attorneys, please visit https://www.bfalaw.com . https://www.bfalaw.com/cases-investigations/zeta-global-holdings-corp Attorney advertising. Past results do not guarantee future outcomes. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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