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California Governor Gavin Newsom and state lawmakers returned to the state Capitol on Monday to begin a special session to protect the state's progressive policies ahead of another Trump presidency. The Democratic governor, a fierce critic of President-elect Donald Trump, is positioning California to once again be the center of a resistance effort against the conservative agenda. He is asking his Democratic allies in the Legislature, who hold supermajorities in both chambers, to approve additional funding to the attorney general's office to prepare for a robust legal fight against anticipated federal challenges. Democratic Assembly member Jesse Gabriel on Monday introduced legislation to set aside $25 million for legal fees to respond to potential attacks by the Trump administration on state policies regarding civil rights, climate change, immigration and abortion access. “While we always hope to collaborate with our federal partners, California will be ready to vigorously defend our interests and values from any unlawful action by the incoming Trump Administration,” Gabriel said in a statement. California sued the first Trump administration more than 120 times to various levels of success. “We’re not going to be caught flat-footed,” Newsom said at a recent news conference. Trump often depicts California as representing all he sees wrong in America. Democrats, which hold every statewide office in California and have commanding margins in the Legislature and congressional delegation, outnumber registered Republicans by nearly 2-to-1 statewide. Trump called the Democratic governor “New-scum” during a campaign stop in Southern California and has relentlessly lambasted the Democratic stronghold over its large number of immigrants in the U.S. illegally, homeless population and thicket of regulations. Trump also waded into a water rights battle over the endangered delta smelt, a tiny fish that has pitted environmentalists against farmers and threatened to withhold federal aid to a state increasingly under threat from wildfires. He also vowed to follow through with his campaign promise of carrying out the mass deportation of immigrants without legal status and prosecuting his political enemies. Before the special session was set to begin, state lawmakers swore in more than two dozen new members and elected leaders for the 2025 legislative session. Hundreds of people also demonstrated around the Capitol on Monday to urge the Legislature to try to stop Trump's mass deportation plans. They carried banners that said “Not one cent for mass deportation” and “MAGA out of California.” “With the results of the presidential election, we need our state elected officials to use every tool and every resource they have available to them to protect our immigrant Californians,” protester Deborah Lee said. State Attorney General Rob Bonta said his office will protect the state’s immigrant population, while Newsom last week unveiled a proposal to revive a rebate program for electric vehicle purchases if the incoming Trump administration eliminates a federal tax credit for people who buy electric cars. Newsom is also considering creating a backup disaster relief fund for the wildfire-prone state after Trump’s threats. Bonta announced legislation Monday aimed at bolstering reproductive rights in the state, including by allowing the attorney general to seek monetary penalties against local governments that infringe on those rights. The proposals are part of the state's efforts to safeguard against threats to abortion access after the U.S. Supreme Court overturned Roe v. Wade. Republican lawmakers blasted Newsom and his Democratic allies over the special session. Representative Vince Fong, who represents the state’s Central Valley farm belt, said California should work with the incoming Trump administration instead. “Gavin Newsom’s actions are tone-deaf to the concerns of Californians who disapprove of the direction of our state and country,” Fong said in a video on social media. Legislators also are expected to spend the year discussing ways to protect dozens of laws expected to be targeted by the Trump administration, including one that has made the state a sanctuary for people seeking abortions who live in states where such practices have been severely limited. California, the nation’s most populous state, was the first to mandate that by 2035 all new cars, pickup trucks and SUVs sold in California be electric, hydrogen-powered or plug-in hybrids. The state also extends state-funded health care to all low-income residents regardless of their immigration status. Newsom hasn't provided details about what actions the lawmakers will consider but said he wanted funding in place before Trump's inauguration day, January 20. The state spent roughly $42 million in litigation costs during the first Trump administration, officials said.NEW YORK , Dec. 2, 2024 /PRNewswire/ -- Tannenbaum Helpern is pleased to announce that Anne-Mette Elkjær Andersen has joined the Firm as partner in the Firm's Corporate practice. Anne-Mette is a highly qualified corporate attorney focusing on cross border and U.S. mergers and acquisitions, international business transactions, and corporate transactions and corporate compliance for engineering & architecture firms. Her decades of experience include advising clients on strategic purchases and sales in many sectors, including engineering, architecture, and other licensed professional design professions; defense; software; renewable energy; oil and gas; technology; retail and manufacturing; service; aviation; and shipping and rail, among others. Anne-Mette comes to Tannenbaum Helpern from the New York office of Holland & Knight, where she counseled clients on international M&A, financing and securities, performed regulatory and licensing work for professional design corporations, and assisted startup and emerging growth companies enter the U.S. market. Her clients include U.S. and foreign established privately and publicly held corporations and emerging companies on stock and asset sales, joint ventures, and SPAC matters, among others. Her experience also includes advising foreign bank clients on loan and financing agreements involving U.S.-based subsidiaries of foreign clients. Anne-Mette's primary experience is with private strategic buyers and sellers, and she also has experience in public and private securities offerings and initial public offerings (IPOs), including simultaneous offerings both in the U.S. and internationally. Anne-Mette began her career in Denmark as a lawyer with the Danish Ministry of Justice. She also spent four years with the Danish law firm Reumert & Partners (now Kromann Reumert), primarily in the areas of general corporate law, M&A and insolvency law. While practicing in Denmark , Anne-Mette represented, among others, U.S., Canadian, and Danish corporations in M&A transactions and other corporate matters. Managing Partner Andrew W. Singer commented, "Anne-Mette will expand our Corporate and M&A practices, facilitate increased opportunities for our clients and increase our ability to pursue new client relationships, especially in overseas markets and the professional design professions. Welcome, Anne-Mette!" "Anne-Mette is a welcome addition to Tannenbaum Helpern . Her capabilities and international reach add to our existing platform and relationships, both in the U.S. and globally," said Drew Jaglom , Chair of Tannenbaum Helpern's Corporate practice. Regarding her arrival, Anne-Mette added, "It's my privilege to join Tannenbaum Helpern . I'm excited to be a part of such a talented team of attorneys, and a Firm that is focused on the future!" About Tannenbaum Helpern Since 1978, Tannenbaum Helpern Syracuse & Hirschtritt LLP has combined a powerful mix of insight, creativity, industry knowledge, legal talent and experience to successfully guide clients through periods of challenge and opportunity. Our mission is to deliver the highest quality legal services in a practical and efficient manner and to provide the judgment, common sense and legal acumen of well trained, business minded lawyers, all within a culture that fosters an inclusive and respectful workplace. Through our commitment to exceptional service and driven by a focus on results, Tannenbaum Helpern continues to earn the loyalty of our clients and a reputation for excellence. For more information, visit www.thsh.com . Jennifer Papantonio Chief Marketing & Business Development Officer papantonio@thsh.com 212.702.3147 View original content to download multimedia: https://www.prnewswire.com/news-releases/anne-mette-elkjaer-andersen-joins-tannenbaum-helpern-as-partner-in-the-firms-corporate-practice-group-302320136.html SOURCE Tannenbaum Helpern Syracuse & Hirschtritt LLP

Stoli vodka files for bankruptcy in the United States

NEW YORK — Stoli Group USA, the owner of the namesake vodka , has filed for bankruptcy as it struggled to contend with slowing demand for spirits, a major cyberattack that has snarled its operations and several years of fighting Russia in court. The company in its bankruptcy filing said it is “experiencing financial difficulties” and lists between $50 million and $100 million in liabilities. Stoli vodka and Kentucky Owl bourbon will continue to be available on store shelves while the company navigates the Chapter 11 process, which only pertains to its U.S. business. Until 2022, Stoli was sold as Stolichnaya in the United States, which loosely translates to “capital city” in Russian. The company shortened its title following Russia’s invasion of Ukraine and boycotts against Russian-branded vodkas . Stoli Group’s founder, Russian-born billionaire Yuri Shefler, was exiled from that nation in 2000 because of his opposition to President Vladimir Putin. People are also reading... Intel announced on December 2 that CEO Pat Gelsinger has resigned after a difficult stint at the company. The once-dominant chipmaker’s stock cratered as it missed the AI boom and was surpassed by most of its rivals. The liquor has long been marketed as a Russian vodka, but its production facilities have been in Latvia for several decades. Stoli Group is a unit of Luxembourg-based SPI Group, which owns other spirit and wine brands. “The Stoli Group has been targeted by the Russian Federation since it was formed nearly 25 years ago,” said Stoli Group CEO Chris Caldwell in a statement. “Earlier this year the company and our owner were both named by the Russian state as ‘extremist groups working against Russia’s interests.’” Its ongoing legal battle with the Russia government has forced Stoli to “spend dozens of millions of dollars on this long-term court battle across the globe with the Russian authorities,” according to its court filing. Caldwell also said that Stoli’s global operations has been a “victim of a malicious cyber attack” that has forced the company to operate “entirely manually while the systems are rebuilt.” A slowdown in demand for alcohol has crushed several company’s bottom lines following the pandemic when people were stuck at home and stocked up. Stoli’s filings said that it has seen a “decline and softening of demand for alcohol and spirits products post-Covid and especially beginning in 2023 and continuing into 2024.” Stoli Group USA, maker of Stoli vodka, has filed for bankruptcy due to slowing demand for spirits, a major cyberattack, and ongoing legal battles with Russia. The-CNN-WireTM & © 2024 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved. The business news you need Get the latest local business news delivered FREE to your inbox weekly.HP reports soft Q1 guidance; shares tumble in afterhours trading

Joe Burrow is no longer talking about the playoffs after another loss by the high-scoring Bengals CINCINNATI (AP) — The Cincinnati Bengals have found all manner of ways to lose close games this season. Mitch Stacy, The Associated Press Dec 2, 2024 2:30 PM Dec 2, 2024 2:35 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Cincinnati Bengals quarterback Joe Burrow (9) walks off the field after his team's loss to the Pittsburgh Steelers in an NFL football game Sunday, Dec. 1, 2024, in Cincinnati. (AP Photo/Jeff Dean) CINCINNATI (AP) — The Cincinnati Bengals have found all manner of ways to lose close games this season. Sunday's 44-38 loss to AFC North rival Pittsburgh can be blamed on a defense that missed tackles and allowed 520 yards of offense, and three turnovers by Joe Burrow. It's become a familiar story in this disappointing season. Cincinnati (4-8) keeps scoring lots of points but can't close out games. Seven of the Bengals’ eight losses this year have been by one score. Burrow has stopped talking about the possibility of going on a run and making the playoffs. He'd just like to win another game or two. “Playoffs are the furthest thing from my mind,” the fifth-year quarterback said. “You never know what can happen, so I’ll keep putting one foot in front of the other and try to be the best player I can be for the rest of the season, week in and week out.” The Bengals allowed Steelers quarterback Russell Wilson to throw for a season-high 414 yards and three touchdowns. After Wilson threw an interception that was returned for a touchdown, the Steelers (9-3) scored on seven of their last nine possessions. They didn't punt until early in the fourth quarter. Burrow lost two fumbles and threw an interception. “We haven’t done enough to earn the win,” coach Zac Taylor said. “It’s a simple as that. It’s nobody else’s fault but our own. We haven’t earned it.” What’s working Turnovers aside, Burrow had another strong game, finishing with 28 for 38 for 309 yards with three touchdowns. Burrow is having a great season statistically, and he hasn't hidden his disappointment and frustration about Cincinnati's narrow losses. ... WR Ja'Marr Chase had a touchdown catch to bring his league-leading total to 13. What needs help The defense missed tackles and couldn't hold off the Steelers, even with Burrow keeping the game close. It didn’t help that LB Logan Wilson (knee) and DT Sheldon Rankins (illness) had to sit out. The Bengals have allowed 34 or more points six times, including in four of the past five games. Cincinnati became the first NFL team to lose four games in a season in which it scored 33 points or more. Stock up RB Chase Brown has been dependable as the featured back since Zack Moss went down with a neck injury. He rushed for 70 yards and a touchdown against the Steelers. He also had three catches for 30 yards. The second-year back has 677 yards rushing and six TDs. “He’s really coming along, improving his game every single week,” Burrow said. “Pass game, run game, running hard, understanding his protection responsibilities. He’s a guy that practices hard, plays hard, and a guy you can count on.” Stock down The Bengals' coaching staff. Something has got to give. There was no excuse for the defense to play this badly after a bye week. The unit gave up 500-plus yards for the second time this season. Injuries None were reported in the game. Key number 30.3 — The average points per game by the Bengals against teams with a .500 or better record this season. They are 0-7 in those games. Next steps The Bengals will try to regroup before facing the Dallas Cowboys (5-7) next Monday night. ___ AP NFL: https://apnews.com/hub/NFL Mitch Stacy, 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) Patriots turn their attention to the future after being eliminated from playoff contention Dec 2, 2024 2:54 PM 49ers running back Christian McCaffrey headed to IR with an injured right knee Dec 2, 2024 2:47 PM Titans are their own worst enemy as they fail again to string together wins Dec 2, 2024 2:36 PMEthereum (ETH), the second most valuable cryptocurrency, may grow to $12,000 in 2025 due to improvements in scalability and the involvement of large investors. However, a new entrant, Rexas Finance (RXS) , is already moving up in the ranks with its working real-world asset tokenization model, having raised $33 million during its presale phase and having given nearly 500% returns up to now. Building to its prominence today, Ethereum is a strong asset that dismantled its competitors at the time and gave people transformational investing opportunities. Ethereum's Bullish Momentum Builds Ahead of 2025 ETH is the second-largest crypt by market cap waiting for even higher results in 2025. The price of ETH is now $3,340; has not yet been able to raise over $4,000 but seems eager to conquer the figure soon. Ethereum might rise to $12000 according to analysts due to upgrades to Ethereum’s increasing scalability such as Sharding and Layer-2 solutions such as Arbitron that enhance the speed of transactions while reducing costs. Ethereum remains on top of DeFi with more than $67 billion in TVL, over 55%, based on the data from DeFi Llama. Institutional adoption also aligns well with institutions indicating Ether ETFs are growing in popularity and the amount of Ethereum staking participation is increasing. For example, BlackRock, which launched one of the first bitcoin funds of its type in the United States, saw its Ethereum ETF record $81.9 million in assets this week. However, the emergence of faster and cheaper blockchains such as Solana and Avalanche could pose a threat to Ethereum. On the other hand, they suggest that ETH’s progressive upgrades and adoption may lead to further growth in its price by 2025. Real-world Asset Tokenization Sees Rexas Finance Gaining Traction Ethereum stands out focusing on scaling blockchain innovation while Rexas Finance (RXS) is setting itself apart in real-world asset (RWA) tokenization. With 11 presale phases now completed, Rexas Finance has raised $33 million, and the token cost has increased from $0.03 to $0.175, six times. Analysts predict Rexas could replicate Ethereum’s early growth, with exponential returns anticipated over a shorter timeframe. https://x.com/rexasfinance/status/1871258815976595608 Rexas Finance simplifies the tokenization of assets like real estate and fine art with tools such as the Rexas Token Builder. This positions the project to capitalize on the RWA market, estimated to reach $16 trillion by 2030. CertiK’s audit of the platform ensures security and transparency, making Rexas a credible option for both retail and institutional investors. Comparing Ethereum’s Dominance and Rexas Finance’s Potential Ethereum’s ecosystem dominates DeFi and NFTs, thanks to its early adoption and wide developer base. Its total value of $67 billion is unchallenged, and the blockchain technology itself is where the smart contracts are being developed. However, issues of scale factor and increased fees form the ground on which novel platforms such as Rexas Finance will thrive. With Rexas’ tokenization model of RWA, Rexas goes for the specific market and provides the opportunity to get close to lesser covered markets for investors. In comparison to Ethereum, as Rexas Finance is a unique player in blockchain in its focus on fractional asset ownership, it has the potential for fast time to adopter of this new token or is based on it and to grow the token price. Analysts believe that, for instance, the rate of RXS tokens may increase 27,000-fold, and by 2025, it will cost $40.5. Strategic Developments Support Rexas Finance’s Growth Rexas Finance has sold over 355 million tokens in its presale, reflecting strong investor interest. Starting at $0.03, the token price has nearly 6x-ed to $0.175, showcasing significant growth. Rexas is also listed on CoinGecko and CoinMarketCap, enhancing visibility and investor confidence. The platform’s CertiK audit ensures security and transparency, while its $1 million giveaway campaign, with over 450,000 participants, and staking rewards allocation of 22.5% further incentivizes long-term engagement. As Ethereum focuses on scalability, Rexas offers a complementary opportunity for investors targeting the emerging market of tokenized real-world assets. Website: https://rexas.com Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp _____________ Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.WEBCO INDUSTRIES, INC. REPORTS FISCAL 2025 FIRST QUARTER RESULTS