New Mexico Attorney General Raúl Torrez and the state Environment Department are suing a Texas company that provides oil and gas pipeline inspection services, alleging it is using radioactive materials in New Mexico without a license. ARC Inspection Services LLC — based in Krum, Texas, and a provider of "non-destructive examination and testing services for the pipeline and heavy industrial markets" — also is accused of doctoring documents to try to show it has authority to conduct "lucrative" industrial radiography. According to the lawsuit filed recently in the First Judicial District Court, the company frequently stored equipment and radioactive materials at a storage yard in Eunice in southeastern New Mexico near the Texas border. The site was used to dispatch radiography technicians and materials to jobs in New Mexico and Texas, without a proper license to operate in the state, the suit alleges. Reached by telephone Friday, Shane Wells, listed as the company's owner on LinkedIn, said ARC Inspection Services LLC went out of business last week. He had no further comment on the lawsuit. ARC Inspection Services specializes in conventional radiography, magnetic particle and dye penetrant and ultrasonic testing, its LinkedIn page shows. The Texas Department of State Health Services had information in August showing the company was operating at eight locations in New Mexico, according to the lawsuit, which says it had 167 violations in Texas. According to the lawsuit, the company checked for damage to the integrity of oil or gas pipelines as well as metal welding using radiation, a technology similar to X-rays. The radioactive materials used for such jobs include cobalt-60, cesium-137, iridium-192, sodium-24 and americium-241, the lawsuit states. The Texas health services agency received an anonymous report in August of a "Category 2" radioactive material that was out without supervision in Eunice, located in Lea County. A New Mexico Environment Department inspector "spoke with a known industrial radiography licensee located in Hobbs, New Mexico who agreed to go to the address, and who confirmed there were no abandoned radioactive source materials," the suit states. "The licensee did confirm that ARC radiography trucks and trailers were present at the location and took photos documenting this fact."
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HAUPPAUGE, N.Y., Nov. 26, 2024 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW) (the “Company”), a designer, developer, and manufacturer of state-of-the-art signal processing components for satellite, Public and Private 5G, and other communications networks, including the design of complete 5G/6G systems and a global distributor of packages and lids for integrated circuits assembly, today announced it has closed on its previously announced registered direct offering for the sale of 1,603,259 shares of common stock (or pre-funded warrants in lieu thereof) (“the Securities”) at an offering price of $0.92 per share. The gross proceeds to the Company from the registered direct offering were approximately $1,475,000 before deducting the placement agent’s fees and other offering expenses. Maxim Group LLC acted as the sole placement agent in connection with the offering. The Securities were offered pursuant to a shelf registration statement on Form S-3 (File No. 333-278657), which was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on April 24, 2024. The offering was made only by means of a prospectus supplement that forms a part of such registration statement. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of these Securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. A prospectus supplement relating to the Securities offered in the registered direct offering was filed by the Company with the SEC. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying prospectus, can be obtained at the SEC's website at www.sec.gov or from Maxim Group LLC, 300 Park Avenue, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@maximgrp.com or telephone at (212) 895-3500. About AmpliTech Group AmpliTech Group, Inc., comprising five divisions—AmpliTech Inc., Specialty Microwave, Spectrum Semiconductors Materials, AmpliTech Group Microwave Design Center, and AmpliTech Group True G Speed Services is a leading designer, developer, manufacturer, and distributor of cutting-edge radio frequency (RF) microwave components and 5G network solutions. Serving global markets, including satellite communications, telecommunications (5G & IoT), space exploration, defense, and quantum computing, AmpliTech Group is committed to advancing technology and innovation. Forward-Looking Statements All statements in this release that are not based on historical fact are “forward-looking statements” including within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The information in this announcement may contain forward-looking statements and information related to, among other things, statements regarding the Company, its business plan and strategy, and its industry. Such forward statements include, but are not limited to, that the booking of orders and anticipation of booking of orders, including LNB and 5G products and Fujitsu Spain, will lead to sales of products, These statements reflect management’s current views with respect to future events based on information currently available and are subject to risks and uncertainties that could cause the Company’s actual results to differ materially from those contained in the forward-looking statements, including risks related to market conditions, and other risks described in the Company’s filings with the SEC. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The Company does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events. Contacts: Corporate Social Media Twitter: @AmpliTechAMPG Instagram: @AmpliTechAMPG Facebook: AmpliTechInc Linked In: AmpliTech Group Inc Investor Social Media Twitter: @AMPG_IR StockTwits: @AMPG_IR Company Contact: Jorge Flores Tel: 631-521-7831 Investors@amplitechgroup.com
John Legend , widely known for his amazing music, is also known for his love of cooking. Over the years, he's shared some of his favorite recipes with fans, showcasing his passion for food. He often cooks at home and is particularly fond of comfort food and dishes that remind him of family traditions. Often collaborating with his wife, Chrissy Teigen , the two regularly create and share hearty, flavorful meals. 😋😋 SIGN UP to get delicious recipes, handy kitchen hacks & more in our daily Pop Kitchen newsletter 🍳 🍔 One of Legend’s most popular recipes is his famous fried chicken , which has been featured in cooking segments and social media posts. This dish, known for its perfectly seasoned, crispy exterior and juicy meat, reflects his appreciation for classic comfort food with a personal twist. But the recipe that really has fans talking as of late is his mac and cheese , Rich and cheesy, it's the ultimate side dish for family gatherings, including Thanksgiving . As soon as I saw the recipe I knew I had to give it a try. I ran to the store to grab what I needed and jumped in the kitchen to see if this would be a dish worthy of my holiday dinner table. Get the recipe: John Legend's Mac and Cheese Courtesy of Choya Johnson Ingredients for John Legend's Mac and Cheese To make John Legend's mac and cheese, you'll need elbow macaroni, evaporated milk, skim milk, butter, large eggs, seasoned salt, garlic powder, extra-sharp cheddar cheese, Monterey Jack cheese, paprika, coarse salt and freshly ground pepper. Related: Rihanna's Mac & Cheese Takes the Classic Comfort Food In an Entirely New Direction Courtesy of Choya Johnson How to Make John Legend's Mac and Cheese To make this dish, start by preheating the oven to 375° and generously buttering a 9-by-13-inch glass baking dish. Bring a large pot of salted water to a boil and cook the macaroni until al dente, following the package instructions. Drain the pasta and return it to the pot. Add the butter, tossing until the pasta is well-coated and the butter has melted. In a medium bowl, whisk the evaporated milk, skim milk and eggs until well blended. Season the mixture with seasoned salt, garlic powder and salt and pepper. Combine the cheeses in another bowl. To assemble, layer 1/3 of the macaroni in the bottom of the prepared baking dish, followed by 1/3 of the cheese mixture. Repeat this process with the remaining macaroni and cheese mixture. Pour the milk mixture evenly over the dish and sprinkle with paprika. Bake for 35 to 45 minutes or until the top is lightly browned. Let the dish stand for 10 to 15 minutes before serving. Related: Patti LaBelle’s Easy Mac and Cheese Is Practically Perfect Courtesy of Choya Johnson What I Thought About John Legend's Mac and Cheese John Legend’s macaroni and cheese recipe is a standout dish that’s perfect for any holiday spread. The instructions are straightforward, making the process smooth and stress-free. With just a handful of steps, you can create a next-level mac and cheese that everyone will love. The highlight of this recipe is the incredible cheesiness. Using a combination of extra-sharp cheddar and Monterey Jack cheeses ensures that every bite is packed with bold, creamy flavor. The addition of evaporated milk and a touch of seasoning elevates adds extra creaminess and tons of flavor. The sprinkling of paprika on top not only adds a pop of color but also brings a subtle hint of spice that ties everything together. This macaroni and cheese is the epitome of comfort food and is ideal for the holidays. It pairs well with turkey, ham, vegetables and all the other sides of the season. This is the kind of recipe that will have people asking for the recipe or, better yet, asking you to make it for them over and over again. Up Next: Related: The Secret Ingredient for the Best-Ever Mashed Potatoes, According to Oprah
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Developments in the artificial intelligence (AI) sector have generated a lot of headlines over the past couple of years. The abilities of AI systems to create original content, automate processes, and increase productivity have businesses of all stripes eager to secure a part of the resulting windfall. One company that's well positioned to benefit from this trend is Palantir Technologies ( PLTR 8.54% ) . It has decades of experience creating novel AI solutions, which came in handy when the generative AI trend went mainstream early in 2023. That secular tailwind has been extremely profitable for the company and its shareholders. The stock is up 333% so far this year and up 1,060% since the start of 2023, with its gains driven by robust results and an expanding opportunity. Positive developments for Palantir were so plentiful over the past week, it's likely that some investors didn't catch all the announcements. So here are four things you may have missed this week. 1. Admission to the Nasdaq-100 index To kick off the week, Nasdaq announced that Palantir will be added to the Nasdaq-100 index before the market opens on Dec. 23. This was widely expected after Palantir switched its listing from the New York Stock Exchange to the Nasdaq last month. In a press release at the time, Palantir said, "The company expects to begin trading as a Nasdaq-listed company on November 26, 2024 and its common stock will continue to trade under the symbol "PLTR." Upon transferring, Palantir anticipates meeting the eligibility requirements of the Nasdaq-100 Index." While the listing move was largely a cosmetic change, it could boost demand for Palantir stock, as mutual funds , institutional investors, and exchange-traded funds that track the index will have to buy it. 2. A new partnership Palantir and Red Cat Holdings ( RCAT 18.33% ) announced a strategic partnership that will see Palantir's Visual Navigation software integrated into Red Cat's Black Widow drone. The company will also deploy Palantir's Warp Speed manufacturing operating system. "Equipped with Palantir's visual navigation and artificial intelligence, the Black Widow will be among the most capable drones ever fielded by the Department of Defense, compact enough to fit in a rucksack," said Red Cat CEO Jeff Thompson. The terms of the contract weren't provided. 3. Extending its Army Vantage contract Palantir announced an extension to its "long-standing partnership with the U.S. Army to deliver the Army Vantage capability in support of the 'Army Data Platform' (ADP)." The platform leverages data and Palantir's AI to accelerate decision-making and improve combat readiness. While the original contract was focused on personnel and combat readiness, the ADP system has become integral to the Army's data-driven decision-making process. It supports soldiers in a growing list of use cases in areas such as logistics, risk management, recruiting, and financial management. This new agreement will expand the contract to include data across the entire Department of the Army. The total value of the contract is $400 million, though it could potentially be increased to as much as $618 million over the next four years. 4. Translating faith-based content On the other side of the war and peace coin, Pray.com chose Palantir to help it with foreign language translations for the company's faith-based content. The company noted the challenge of providing its offerings in a variety of languages, which has been cost-prohibitive due to the staffing requirements and the complexity of local idioms. Using Palantir's Ontology Software Development Kit, Pray.com was able to process audio and video transcripts and translations "across multiple languages," achieving the "quality of native language speakers." Perhaps equally important, it was able to achieve these results in a matter of minutes, rather than the days or weeks of human efforts its large volumes of translations had previously required. Terms of the deal weren't disclosed. What it all means for investors It's important to point out that none of these developments are likely to move the needle for Palantir individually. Taken together, however, they bolster the company's investment thesis. Given Palantir's rapid growth trajectory, commonly used valuation metrics like price-to-earnings and price-to-sales ratios fall short as gauges of its stock. However, applying the more appropriate forward price/earnings-to-growth (PEG) ratio -- which considers Palantir's robust growth rate -- provides a multiple of 0.61. Generally speaking, the experts view any positive PEG ratio below 1 as signifying an undervalued stock. For price-sensitive investors concerned about its current level, it might be worth buying Palantir using a dollar-cost averaging strategy -- investing set amounts in the stock at regular intervals, regardless of what the price is doing at those times. Or, one could wait and hope the stock dips. That said, given the company's accelerating growth and the magnitude of the opportunity, I believe Palantir is a buy .BEND, OREGON (AP) — Eliza Wilson is a little nervous as she draws the microphone close, but she is determined to share her life story. “My father was a disabled veteran,” she says. “I first experienced homelessness when I was 5 years old.” Read this article for free: Already have an account? To continue reading, please subscribe: * BEND, OREGON (AP) — Eliza Wilson is a little nervous as she draws the microphone close, but she is determined to share her life story. “My father was a disabled veteran,” she says. “I first experienced homelessness when I was 5 years old.” Read unlimited articles for free today: Already have an account? BEND, OREGON (AP) — Eliza Wilson is a little nervous as she draws the microphone close, but she is determined to share her life story. “My father was a disabled veteran,” she says. “I first experienced homelessness when I was 5 years old.” Wilson, who’s 36, leads programs focused on unhoused youth. On a recent Saturday, she is addressing a citizen assembly, a grassroots gathering seeking solutions to tough local challenges. Her audience consists of 30 ordinary Oregonians. They are acupuncturists and elk hunters; house cleaners and retired riverboat pilots. None are public policy experts. All the same, these participants have been asked to recommend new strategies for combating youth homelessness — a major problem in this affluent Oregon city and the surrounding rural areas of Deschutes County. This unusual experiment in small-D democracy is underwritten by more than $250,000 in grants from backers such as the Rockefeller Foundation and Omidyar Network. As a key early presenter, Wilson wins rapt attention, clicking through data-rich slides and sharing her story of crisis and recovery. That’s how citizen assemblies should work, says Kevin O’Neil, an innovation specialist at the Rockefeller Foundation. His research shows Americans are frustrated with what they perceive as aloofness and gridlock within civic institutions. “People want to be directly involved in decision-making,” O’Neil says. “They recognize the value of expertise, but they don’t want to delegate decision-making to experts.” Assemblies can help “overcome polarization and strengthen societal cohesion,” says Claudia Chwalisz, founder of DemocracyNext. Her nonprofit, launched in Paris in 2022, champions such assemblies worldwide, hoping they can “create the democratic spaces for everyday people to grapple with the complexity of policy issues, listen to one another, and find common ground.” At least, that’s the theory. To succeed, citizen assemblies can’t settle for a few days of harmonious dialogue among well-intentioned strangers. They need to inspire policy changes or new programs from government and other civic institutions. In Europe, such wins abound. In the United States, results are spottier. The most fruitful U.S. effort to date was a 2021 people’s assembly in Washington State that produced 148 ideas — including more solar canopies and food composting — to combat climate change. More often, progress is challenging. An assembly in 2022 in Petaluma, California, spun up ideas to repurpose a long-time county fairground site. Two years later, the fair still operates under short-term leases; its long-term destiny remains in limbo. In Colorado’s Montrose County, enacting an assembly’s bold ideas for improving rural day care has been “more of a marathon than a sprint,” says organizer Morgan Lasher. Can central Oregon do better? It may take years to know, but evidence so far shows both the assembly system’s opportunities and the challenges. Bend’s local economy is strong, with a jobless rate of just 4.2% and median household income of more than $80,000. As housing costs have skyrocketed, though, the spectacle of people living in tent and trailer encampments has become more common. A January count found more than 1,800 people were homeless in Deschutes County, up from 913 in 2020. In 2023, DemocracyNext and Healthy Democracy, a Portland, Oregon, nonprofit, connected with Bend officials interested in bringing the assembly idea to central Oregon. Josh Burgess, an Air Force veteran, who moved to Bend and became the proverbial “advance man” for DemocracyNext. Operating in a county evenly divided between Democrats and Republicans, Burgess built rapport with both liberal and conservative members on the Deschutes County Board of Commissioners. “It took four or five meetings to get there,” Burgess recalls. Organizers decided to focus on homelessness among ages 14 to 24, where opportunities for progress seemed greatest. To pick citizens for the assembly, organizers contacted 12,000 county residents before selecting just 30. Everything was balanced by age, race, gender, and geography – a slow, costly requirement. Even so, advocates such as Michelle Barsa of Omidyar Network says assemblies’ big edge comes from using “an actual representative sample of the community, not just the people who always show up at town-hall meetings and yell into a microphone for three minutes.” At the northern edge of Oregon State’s Bend campus, a few hundred yards from the Deschutes River, is the McGrath Family atrium, a sunlight-drenched space with panoramic woodland views. It feels almost like a spa. As the Bend assembly gets started, black tablecloths at a huge, U-shaped table convey gravity. Name tags identify attendees as “Noelle,” “Dave,” “Alex.” The first few hours go slowly, but everything perks up after lunch. Eliza Wilson takes command, introducing herself as director of runaway and homeless youth services at J Bar J, a social-services organization. Her voice is unfailingly steady, but emotions race fast across her face: hope, frustration, empathy, resolve, and more. “Teens get really good at hiding their homelessness,” Wilson explains. “We don’t share family business outside of the family. I was really fortunate that a high-school counselor pointed me, at age 15, to the first youth shelter that had just opened in Bend. I stayed there for three years, until I graduated from high school. I finally got on my feet at age 21.” As Wilson finishes, questions stream in. “Are there any programs advocating for children to get back to their parents?” one woman wants to know. “Is there open communication between you guys and the school district?” a man asks. Wilson and other presenters respond with a road map of what exists today. They point out how homeless youth are in a precarious but not hopeless situation, counting on allies for a couch to sleep on. Less than 20 percent live outside in encampments. Practically everyone in the audience takes notes. The next day, assembly members strike up conversations with young adults who were once homeless. Chronic problems — and glimmers of ideas about how to address them — tumble forth. Flaws in the foster parent system. The risk of sexual abuse. The unique challenges that LGBTQ youth face. Attendees — who shared their thoughts with the Chronicle on the condition they be identified only by their first name — regarded those conversations as eye-opening breakthroughs in their hunt for policy recommendations. “I’m coming away with a whole different point of view,” Ken told me. He had arrived believing that poor parenting and drug abuse led to homelessness, and that affected families should personally address such challenges. Now, he said, he was interested in broader solutions. Several local officials stopped by to watch the assembly proceedings. Phil Chang, a Deschutes County commissioner, said the broad-based assembly creates “social license for us to do things that the community wants.” Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. Conservative county commissioner Tony DeBone worries that Oregon’s rollback of drug-offense laws has worsened social problems; he also believes that an economic upturn would do the most good. Still, he says, he’s willing to see what the assembly can offer. Ultimately, the assembly’s effectiveness will depend on whether its recommendations can overcome bureaucratic inertia, says Tammy Baney, executive director of the Central Oregon Intergovernmental Council. Proposed changes in police interactions with homeless youth could be acted on within a month or two if local law enforcement is receptive, she says. Improving Oregon’s gridlocked foster-care system might be much harder. “It all depends on how much political will there is,” Baney says. _____ George Anders is editor-at-large at the Chronicle of Philanthropy, where you can read the full article. This article was provided to The Associated Press by the Chronicle of Philanthropy as part of a partnership to cover philanthropy and nonprofits supported by the Lilly Endowment. The Chronicle is solely responsible for the content. For all of AP’s philanthropy coverage, visit https://apnews.com/hub/philanthropy. Advertisement AdvertisementMain Street Pizza Company to close both locations following construction impactsCHICAGO — A chilly Chicago winter doesn’t necessarily mean the African lions at the Lincoln Park Zoo have to go inside. In fact, as temperatures dip — even as cold as 10 degrees or in the snow — the pride may huddle up on heated rocks in their exhibit to spend more time relaxing outdoors. “They also have access to indoor holding areas in the winter, so if they want to go into a space that’s completely enclosed and warmer, they can go in there whenever they like,” said Dave Bernier, the zoo’s general curator. “We give them the choice, and luckily, they choose the exhibit spaces a lot more than they choose the holding spaces.” Lions aren’t the only species that are better equipped for the winter than one might expect. Specialists at Chicago’s zoos say they use a combination of technology and habitat features to prepare months in advance to properly care for every animal with unique requirements for the season, from polar bears to koalas to flamingoes. The Lincoln Park Zoo prefers to find species that can be outside for the four seasons, based on their temperature guidelines, Bernier said. But, like for the lions, which are found in sub-Saharan Africa, where temperatures usually range between 65 to 85 degrees, there’s a bit of creativity involved to give them a boost in the winter. The lion exhibit, Bernier said, has about 20 of the heated rocks, which have a surface temperature between 55 and 60 degrees. He said the zoo determined the size and placement of the rocks — which helped make them as comfortable as possible — using behavioral data from the previous lion exhibit. There’s also an overhanging shelter so the lions can escape the rain or snow, and they can head inside to a holding area if they want to, he said. Some animals require a bit more oversight, however, including the two male koalas named Brumby and Willum at Brookfield Zoo Chicago. The fuzzy animals, which are native to Australia and made their debut at the zoo this summer , are allowed outdoors only if it’s above 40, said Mark Wanner, the associate vice president of animal care and conservation. Unlike most other mammals, a koala has a smooth surface on its brain, meaning it’s unable to draw conclusions or make simple decisions. This means that the zoo staff keeps a close eye on the duo when it’s between 40 and 60 degrees, because the koalas can’t always choose themselves to head inside. “Their cognitive ability is not quite what it would be in a lion, so to speak,” Wanner said. When it starts getting cold out, Wanner said, specialists decide day by day whether it’s safe for various animals to be outside. The wind is also a big factor, he added. “We tend to err on the side of caution, because we do get such drastic drops in temperature and such extreme temperatures here,” he said, adding that some animals, such as brown bears, grow additional hair or fur during the winter to cope with colder weather. To monitor surface and ambient temperatures, humidity and wind speeds, the zoo uses a tool called a “thermal neutral zone kit,” Wanner said. Employees point it at an animal’s habitat to track thermal zones, checking, for example, whether a rock is putting off a sufficient amount of heat. The zoo also has temperature sensors installed in buildings that notify the staff if something goes awry, he said. Both zoos start “weatherproofing” for the winter around September, including switching on heating elements and, at Lincoln Park, a snow melt system for the penguin exhibit. Brookfield employees lay out extra bedding for some animals inside their indoor habitats, what Wanner called their “bedroom,” and make sure water lines are protected. On the flip side, the zoos provide fans, ice and cooling areas to some animals in the summer, such as polar bears and gorillas. Bernier said it’s important to find animals to bring into the zoo that are the right match for Chicago’s climate. When the Lincoln Park Zoo opened the Pepper Family Wildlife Center, it opted to bring in the Canada lynx and snow leopard, rather than an ocelot or margay, small carnivores that live in tropical climates, because they wouldn’t have been able to handle the winters, he said. Snow leopards, which are large cats that weigh up to 120 pounds and found in central Asia, can be outside when it’s below freezing. But Bernier said the animal care team may consider bringing them inside for short periods of time if it hits 20 degrees. It’s one of the “hardy” species at the zoo that are actually suited to cool climates and are quite active during the season. Others include the red pandas and Sichuan takins, as well as the Mexican gray wolf at Brookfield. Lincoln Park Zoo’s plains zebras, which Bernier said are found in very far southern Africa and experience more seasonal rather than temperate climates, can be outside almost all year round in Chicago. The zoo also chose African penguins rather than Antarctic ones, so they don’t have to be kept cool through refrigeration all year. Their pool is heated in the winter and cooled in the summer, he added. The animal Bernier said visitors are usually the most surprised to see outside in the winter is the pink flamingoes. The zoo is home to Chilean flamingoes, which are smaller, live in high altitudes and can tolerate extreme temperatures — even well below freezing — much more so than the Caribbean kind, which Bernier said the zoo once owned and had to put inside a building for half the year. Bernier said the winter is a “fantastic” time to visit the zoo, and that some of his favorite moments are watching the rhinos and polar bears play in the snow. “They like to be out in the snow, and it’s kind of fun to watch them roll around in the snow and see how much they enjoy that kind of weather,” he said. Gov. J.B. Pritzker cuts the ribbon for the 2024 Illinois State Fair and takes questions from reporters on Thursday, Aug. 8. Be the first to know Get local news delivered to your inbox!
Jefferson keeps seeing double as Vikings aim to stay focused on overall offensive productionWashington (CNN) — Former President Bill Clinton was discharged from a hospital on Tuesday one day after being admitted for the flu, his office said. “President Clinton was discharged earlier today after being treated for the flu. He and his family are deeply grateful for the exceptional care provided by the team at MedStar Georgetown University Hospital and are touched by the kind messages and well wishes he received. He sends his warmest wishes for a happy and healthy holiday season to all,” his office said in a statement. This story is breaking and will be updated. The-CNN-Wire TM & © 2024 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.Fiscal Third Quarter Total Revenues of $2.160 Billion , Up 15.8% Year Over Year Subscription Revenues of $1.959 Billion , Up 15.8% Year Over Year PLEASANTON, Calif. , Nov. 26, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money , today announced results for the fiscal 2025 third quarter ended October 31, 2024. Fiscal 2025 Third Quarter Results 1 See the section titled "About Non-GAAP Financial Measures" in the accompanying financial tables for further details. Comments on the News "Workday's solid performance in Q3 reflects the trust our customers place in us across industries, the global momentum around our AI-driven innovations, and the strength of our partner ecosystem," said Carl Eschenbach , CEO, Workday. "Organizations are increasingly consolidating on the Workday platform to reduce total cost of ownership, simplify their operations, and to unlock the power of our best-in-class AI solutions. Workday gives them the ultimate advantage – and that positions our business for long-term success." "In Q3, we once again made good progress across a number of our key growth areas," said Zane Rowe , CFO, Workday. "Looking ahead, we expect fiscal 2025 subscription revenue of $7.703 billion , growth of 17%, and fiscal 2025 non-GAAP operating margin of 25.5%. We are focused on executing in our seasonally strongest quarter, as we lay the foundation for durable, profitable growth at scale." Recent Highlights 1 Gartner Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises, Ranadip Chandra, Sam Grinter, Ron Hanscome, Chris Pang, Anand Chouksey, Josie Xing, Harsh Kundulli, David Bobo, Laura Gardiner, Hiten Sheth, Emi Chiba, Travis Wickesberg, and Michelle Shapiro, 23 October 2024. 2 Gartner Magic Quadrant for Cloud ERP for Service-Centric Enterprises, Robert Anderson, Denis Torii, Sam Grinter, Naveen Mahendra, Tomas Kienast, Johan Jartelius, 4 November 2024. 3 Gartner Magic Quadrant for Financial Planning Software, Regina Crowder, Vaughan Archer, Matthew Mowrey, Michelle Carlsen, 18 November 2024. Financial Outlook Workday is providing guidance for the fiscal 2025 fourth quarter ending January 31, 2025 as follows: Workday is updating its guidance for the fiscal 2025 full year ending January 31, 2025 as follows: 1 The Company has not provided a reconciliation of its forward outlook for non-GAAP operating margin with its forward-looking GAAP operating margin in reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. The Company is unable to predict with reasonable certainty the amount and timing of adjustments that are used to calculate this non-GAAP financial measure, particularly related to stock-based compensation and its related tax effects, acquisition- related costs, and realignment costs. Earnings Call Details Workday plans to host a conference call today to review its fiscal 2025 third quarter financial results and to discuss its financial outlook. The call is scheduled to begin at 1:30 p.m. PT / 4:30 p.m. ET and can be accessed via webcast . The webcast will be available live, and a replay will be available following completion of the live broadcast for approximately 90 days. Workday uses the Workday Blog as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. About Workday Workday is a leading enterprise platform that helps organizations manage their most important assets – their people and money . The Workday platform is built with AI at the core to help customers elevate people, supercharge work, and move their business forever forward. Workday is used by more than 10,500 organizations around the world and across industries – from medium-sized businesses to more than 60% of the Fortune 500. For more information about Workday, visit workday.com . © 2024 Workday, Inc. All rights reserved. Evisort, Workday, and the Workday logo are registered trademarks of Workday, Inc. All other brand and product names are trademarks or registered trademarks of their respective holders. Forward-Looking Statements This press release contains forward-looking statements including, among other things, statements regarding Workday's fourth quarter and full-year fiscal 2025 subscription revenue and non-GAAP operating margin, growth, momentum, and innovation. These forward-looking statements are based only on currently available information and our current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are outside of our control. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements, and therefore you should not rely on any forward-looking statements. Risks include, but are not limited to: (i) breaches in our security measures or those of our third-party providers, unauthorized access to our customers' or other users' personal data, or disruptions in our data center or computing infrastructure operations; (ii) service outages, delays in the deployment of our applications, and the failure of our applications to perform properly; (iii) privacy concerns and evolving domestic or foreign laws and regulations; (iv) the impact of continuing global economic and geopolitical volatility on our business, as well as on our customers, prospects, partners, and service providers; (v) any loss of key employees or the inability to attract, train, and retain highly skilled employees; (vi) competitive factors, including pricing pressures, industry consolidation, entry of new competitors and new applications, advancements in technology, and marketing initiatives by our competitors; (vii) our reliance on our network of partners to drive additional growth of our revenues; (viii) the regulatory, economic, and political risks associated with our domestic and international operations; (ix) adoption of our applications and services by customers and individuals, including any new features, enhancements, and modifications, as well as our customers' and users' satisfaction with the deployment, training, and support services they receive; (x) the regulatory risks related to new and evolving technologies such as AI and our ability to realize a return on our development efforts; (xi) our ability to realize the expected business or financial benefits of any acquisitions of or investments in companies; (xii) delays or reductions in information technology spending; and (xiii) changes in sales, which may not be immediately reflected in our results due to our subscription model. Further information on these and additional risks that could affect Workday's results is included in our filings with the Securities and Exchange Commission ("SEC"), including our most recent report on Form 10-Q or Form 10-K and other reports that we have filed and will file with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release, except as required by law. Any unreleased services, features, or functions referenced in this document, our website, or other press releases or public statements that are not currently available are subject to change at Workday's discretion and may not be delivered as planned or at all. Customers who purchase Workday services should make their purchase decisions based upon services, features, and functions that are currently available. Workday, Inc. Condensed Consolidated Balance Sheets (in millions) (unaudited) October 31, 2024 January 31, 2024 Assets Current assets: Cash and cash equivalents $ 1,311 $ 2,012 Marketable securities 5,846 5,801 Trade and other receivables, net 1,404 1,639 Deferred costs 244 232 Prepaid expenses and other current assets 273 255 Total current assets 9,078 9,939 Property and equipment, net 1,263 1,234 Operating lease right-of-use assets 335 289 Deferred costs, noncurrent 490 509 Acquisition-related intangible assets, net 383 233 Deferred tax assets 1,031 1,065 Goodwill 3,479 2,846 Other assets 365 337 Total assets $ 16,424 $ 16,452 Liabilities and stockholders' equity Current liabilities: Accounts payable $ 74 $ 78 Accrued expenses and other current liabilities 323 287 Accrued compensation 476 544 Unearned revenue 3,447 4,057 Operating lease liabilities 102 89 Total current liabilities 4,422 5,055 Debt, noncurrent 2,983 2,980 Unearned revenue, noncurrent 64 70 Operating lease liabilities, noncurrent 278 227 Other liabilities 53 38 Total liabilities 7,800 8,370 Stockholders' equity: Common stock 0 0 Additional paid-in capital 11,115 10,400 Treasury stock (1,208) (608) Accumulated other comprehensive income (loss) 16 21 Accumulated deficit (1,299) (1,731) Total stockholders' equity 8,624 8,082 Total liabilities and stockholders' equity $ 16,424 $ 16,452 Workday, Inc. Condensed Consolidated Statements of Operations (in millions, except number of shares which are reflected in thousands and per share data) (unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Revenues: Subscription services $ 1,959 $ 1,691 $ 5,678 $ 4,843 Professional services 201 175 557 494 Total revenues 2,160 1,866 6,235 5,337 Costs and expenses (1) : Costs of subscription services 329 264 924 759 Costs of professional services 201 181 606 552 Product development 647 619 1,952 1,829 Sales and marketing 620 538 1,804 1,581 General and administrative 198 176 609 512 Total costs and expenses 1,995 1,778 5,895 5,233 Operating income (loss) 165 88 340 104 Other income (expense), net 62 41 178 114 Income (loss) before provision for (benefit from) income taxes 227 129 518 218 Provision for (benefit from) income taxes 34 15 86 25 Net income (loss) $ 193 $ 114 $ 432 $ 193 Net income (loss) per share, basic $ 0.73 $ 0.43 $ 1.63 $ 0.74 Net income (loss) per share, diluted $ 0.72 $ 0.43 $ 1.61 $ 0.73 Weighted-average shares used to compute net income (loss) per share, basic 265,411 262,153 265,062 260,747 Weighted-average shares used to compute net income (loss) per share, diluted 268,549 266,377 268,936 264,087 (1) Costs and expenses include share-based compensation expenses as follows: Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Costs of subscription services $ 35 $ 30 $ 108 $ 90 Costs of professional services 28 29 86 87 Product development 162 162 498 494 Sales and marketing 78 65 226 212 General and administrative 65 63 204 188 Total share-based compensation expenses $ 368 $ 349 $ 1,122 $ 1,071 Workday, Inc. Condensed Consolidated Statements of Cash Flows (in millions) (unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Cash flows from operating activities: Net income (loss) $ 193 $ 114 $ 432 $ 193 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: