CHARLOTTE, N.C. (AP) — Patrick Mahomes continues to build great chemistry with his tight end — just not the one you might think. Mahomes threw two touchdown passes to Noah Gray for the second straight week as the Kansas City Chiefs held off the Carolina Panthers 30-27 on Sunday. A week after losing at Buffalo, the two-time defending Super Bowl champion Chiefs (10-1) maintained their position atop the AFC. Mahomes completed a 35-yard touchdown strike to Gray on the game’s opening possession and found him again for an 11-yard TD in the second quarter. Gray has four touchdown catches in the last two weeks — twice as many as nine-time Pro Bowler Travis Kelce has all season — and has become a weapon in the passing game for the Chiefs, who lost top wide receiver Rashee Rice to a season-ending knee injury in Week 4. Kelce was still a factor Sunday with a team-high six catches for 62 yards, although the four-time All-Pro looked dejected after dropping one easy pass. Kelce has 62 receptions for 507 yards this season, while Gray has 26 catches for 249 yards. But Gray's development is a good sign for the Chiefs — and he's on the same page with Mahomes. On his second TD, Gray said Mahomes “gave me the answer to the test there” before the play. “He told me what coverage it was pre-snap," said Gray, who had four receptions for 66 yards. “That’s just the blessing you have of playing with a quarterback like that. Offensive line did a great job blocking that up and the receivers did a great job running their routes to pop me open. Really just a group effort right there on that touchdown.” Gray said that's nothing new. “Pat’s preparation, his leadership is just something that I’m fortunate enough to play alongside,” Gray said. "I love it. It gets me motivated every time we go out there for a long drive. Having a leader like that, that prepares every single week in-and out, knows defenses, knows the game plans. “I’m just fortunate enough to play alongside a guy like that.” Mahomes completed 27 of 37 passes for 269 yards and three TDs, and he knew what to do on the second TD to Gray. “It's not just me, it's the quarterback coaches and the players, we go through certain checks you get to versus certain coverages,” Mahomes said. “I was able to see by the way they lined up they were getting into their cover-zero look. I alerted the guys to make sure they saw what I saw and I gave the check at the line of scrimmage.” ___ AP NFL: https://apnews.com/hub/nfl Steve Reed, The Associated PressSAN FRANCISCO, Nov. 26, 2024 (GLOBE NEWSWIRE) -- On Nov. 26, 2024, the price of ASP Isotopes ( NASDAQ: ASPI) crashed as much as 30% during intraday trading after Fuzzy Panda Research published a sensational report claiming ASPI uses outdated equipment and is secretly paying for stock promotion. The report has prompted shareholder rights firm Hagens Berman to commence an investigation into the allegations. The firm urges investors in ASP Isotopes who suffered substantial losses to submit your losses now . Visit: www.hbsslaw.com/investor-fraud/aspi Contact the Firm Now: ASPI@hbsslaw.com 844-916-0895 ASP Isotopes Inc. (ASPI) Investigation: The investigation is focused on ASP Isotopes’ disclosures about its Aerodynamic Separation Process (ASP) technology, which is designed to enrich isotopes, and its Quantum Enrichment technology, a laser-based process under development for nuclear fuel applications. The company’s statements came into question on November 26, 2024, when Fuzzy Panda Research published a report alleging that “ASP Isotopes (ASPI) is using old, disregarded laser enrichment technology to masquerade as a new, cutting-edge Uranium enrichment company.” Fuzzy Panda report also found that ASPI: Employed multiple individuals to promote its stock. Was assessed by former Centrus executives as possessing "virtually worthless" technology. Was perceived by other scientists as "selling hope" with technology deemed "impossible to scale.” On this news, ASPI stock dropped 23% in a single trading day. “We are focused on whether ASP Isotopes may have misled investors about the true commercial prospects for its ASP and Quantum Enrichment technologies,” said Reed Kathrein, the partner leading the investigation. If you invested in ASP Isotopes or have knowledge that may assist the firm’s investigation, submit your losses now » If you’d like more information and answers to frequently asked questions about the ASP Isotopes investigation, read more » Whistleblowers: Persons with non-public information regarding ASP Isotopes should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email ASPI@hbsslaw.com . About Hagens Berman Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com . Follow the firm for updates and news at @ClassActionLaw . Contact: Reed Kathrein, 844-916-0895CCAR_McKie 10 pass from Vasko (Hensley kick), 8:15. GAST_FG Rickman 28, 14:07. GAST_Brock 19 run (Rickman kick), 8:38. CCAR_Courtney 5 pass from Vasko (Hensley kick), 4:16. CCAR_FG Hensley 43, :01. CCAR_C.Washington 18 run (Hensley kick), 10:56. GAST_FG Rickman 30, 7:06. CCAR_McKie 31 pass from Vasko (Hensley kick), 2:44. GAST_Brock 1 run (pass failed), :25. CCAR_Vasko 10 run (Hensley kick), 9:50. CCAR_FG Hensley 23, 8:33. CCAR_Fletcher 39 interception return (Hensley kick), 7:13. GAST_Fleming 6 pass from Lowe (Hurst pass from Lowe), 4:36. RUSHING_Coastal Carolina, Washington 20-124, Vasko 13-68, Bennett 8-43, Price 5-26, Lloyd 3-10, Taylor 1-5, Duplessis 1-1, (Team) 2-(minus 2). Georgia St., Brock 14-71, Veilleux 11-62, Lowe 3-47, Dukes 2-11, Beasley 3-11. PASSING_Coastal Carolina, Vasko 13-17-1-200, (Team) 0-1-0-0, Duplessis 0-1-1-0, Kim 0-1-0-0. Georgia St., Veilleux 15-26-4-205, Lowe 2-6-0-21. RECEIVING_Coastal Carolina, McKie 5-81, Tucker 3-31, Karr 2-35, Duplessis 1-41, Berrong 1-7, Courtney 1-5. Georgia St., Hurst 8-131, Dukes 3-15, Riles 2-26, Fleming 2-18, Brock 1-21, Milton 1-15. MISSED FIELD GOALS_None.
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Pep Guardiola: If I can’t reverse Manchester City slide then I have to go
GREEN BAY, Wis. (AP) — Green Bay Packers wide receiver Romeo Doubs left his team’s game against the San Francisco 49ers on Sunday because of a concussion. Doubs’ injury came on a third-quarter play in the end zone that resulted in a pass interference penalty against San Francisco’s Renardo Green. Doubs stayed down briefly after the play, then got up slowly before heading to the sideline. He went into the injury tent before walking to the locker room. The Packers then announced Doubs was out for the rest of the game because of a concussion. He had three catches for 54 yards before leaving. San Francisco defensive tackle Jordan Elliott left in the first half of the game to get evaluated for a concussion and was ruled out at halftime. AP NFL: https://apnews.com/hub/NFLNow that the election is behind us, market watchers are digging into what Trump’s victory could mean for the economy in the coming months. As the former and future President prepares to take office, certain economic trends have already become clear: inflation has been slowing throughout much of this year, and the Federal Reserve has adopted a lower-rate policy – both of which are likely to support economic growth. Don't Miss our Black Friday Offers: Unlock your investing potential with TipRanks Premium - Now At 40% OFF! Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter More importantly, Trump has signaled his intent to pursue a deregulatory economic policy, consistent with his previous administration. Historically, such periods of deregulation have often fueled economic growth, setting the stage for a potential phase of expansion. This is the thesis behind recent comments from Raymond James’ market strategist Matt Orton, who stated, “We are heading into a very favorable seasonal period for the overall economy. So, I am very optimistic about where the markets go. I am more optimistic about the prospects that the growth we have been seeing can be maintained.” Against this backdrop, Raymond James analysts have spotlighted two stocks with big upside — including one with a potential gain of nearly 440%. What’s more, according to the TipRanks database , both stocks boast Strong Buy ratings from the analyst consensus. Let’s see why they are drawing plaudits across the board. Mural Oncology (MURA) Imagine a world where cancer treatments harness the body’s own defenses, using the immune system to fight back more effectively. That’s the vision behind Mural Oncology, a clinical-stage biopharmaceutical company focused on advancing cancer care. Mural has developed a proprietary protein engineering platform to create new cytokine-based oncological immunotherapies. At the forefront of Mural’s pipeline is nemvaleukin alfa, a novel engineered IL-2 variant. IL-2 is a cytokine that stimulates both effector immune cells and regulatory T (Treg) cells, making it a prime candidate for anti-tumor activity. The company plans to develop nemvaleukin into a best-in-class immunotherapy and currently has the drug undergoing multiple human clinical trials targeting conditions such as platinum-resistant ovarian cancer (PROC), mucosal melanoma, and cutaneous melanoma. Mural’s two leading clinical trials are ARTISTRY-7, a Phase 3 trial testing nemvaleukin against PROC, and ARTISTRY-6, a Phase 2 trial testing the drug in combination with pembrolizumab against unresectable or metastatic mucosal melanoma. The former has completed enrollment with 456 patients, and interim overall survival results are expected to be released early next year, either in late Q1 or early Q2. The ARTISTRY-6 trial has 92 patients enrolled, and Mural expects to release top-line results from cohort 2 during 2Q25. These pivotal trials build on the success of ARTISTRY-1, a Phase 1/2 open-label study that evaluated nemvaleukin’s safety, tolerability, and preliminary efficacy. Results showed that nemvaleukin was well-tolerated and demonstrated durable responses in both monotherapy and combination therapy. With several potential catalysts on the horizon and a share price of only $3.35, Raymond James analyst Laura Prendergast sees a compelling opportunity for investors. “We believe MURA is currently undervalued for the following reasons: 1) lead asset, nemvaluekin, has near-term commercial opportunity that doesn’t seem to be on the radar yet for many investors, 2) management and board have notable experience that inspire confidence in ability to maneuver late stage drug development/commercial launch/BD execution; 3) MURA is currently trading at a 65% discount to cash and at 98% discount to its small cap biotech peer group,” Prendergast explained. “If MURA can execute on [its] catalysts, we anticipate the company could become a major buyout target. We analyzed recent biotech acquisitions with similar 5-year forward sales estimates to MURA. Average historical take out multiple for this peer group is 5x EV/5-year forward sales which implies a potential deal value of ~$1.2B and $48 target price for MURA,” the analyst further noted. For now, Prendergast rates MURA shares a Strong Buy, while her $18 price target suggests a robust upside of ~440% on the one-year horizon. (To watch Prendergast’s track record, click here ) Other analysts are also optimistic about the cancer drug maker. MURA’s Strong Buy consensus rating breaks down into 3 Buys and no Holds or Sells. In addition, the $16.33 average price target puts the upside potential at 387%. (See MURA stock forecast ) Disc Medicine (IRON) The next pick from Raymond James is Disc Medicine, a clinical-stage biopharmaceutical company dedicated to advancing treatments for hematologic diseases. Focused on the heme and iron pathways critical to red blood cell biology, the company aims to address some of the most pressing challenges in blood-related disorders. Disc Medicine’s approach is driven by two key technology platforms. The heme synthesis modulation platform focuses on erythropoiesis, the process of red blood cell production. Meanwhile, the hepcidin pathway modulation platform addresses iron homeostasis, regulating how iron is absorbed, stored, and utilized – critical for hemoglobin production and healthy red blood cell development. The company’s leading drug candidate, bitopertin, is a GlyT1 inhibitor designed to modulate heme biosynthesis. Disc Medicine is developing bitopertin as a potential treatment for erythropoietic porphyrias (EPP), a rare group of genetic blood disorders that cause extreme sensitivity to sunlight, severe pain, and skin blistering. Currently, no cure exists for EPP. Disc Medicine recently concluded a successful end-of-Phase 2 meeting with the FDA and plans to provide updates in the first quarter of 2025. The company is also preparing to launch a follow-up clinical trial by mid-2025. In addition, Disc Medicine has seen success with its second drug candidate, DISC-0974. This is a new therapeutic agent under study as a treatment for various types of anemia, including anemia of myelofibrosis (MF) and anemia associated with chronic kidney disease (CKD). The drug candidate is a monoclonal antibody and a first-in-class antagonist of hemojuvelin, designed to enhance iron levels in patients with anemia. The company has an ongoing Phase 1b study on the CKD track, and has plans to initiate a Phase 2 study on the MF track before the end of this year. All of this has caught the eye of Raymond James analyst Danielle Brill who wrote: “Disc Medicine has achieved regulatory alignment to file for accelerated approval for their lead asset bitopertin in EPP, representing our prior bull case scenario. This permits earlier market access for the company in addition to removing the risk having to run a large Phase 3 trial using a difficult primary endpoint... We expect a filing next year, with approval/launch by ~1H26 (RJ estimate).” “Furthermore,” the analyst added, “we have increasing confidence in Disc’s next pipeline asset DISC-0974 for the treatment of MF and CKD anemia, for which we recently saw positive proof-of-concept efficacy in CKD anemia in a Ph 1 SAD study (prior note). We are optimistic ahead of full Ph 1b data in MF anemia which are to be presented at ASH, along with other incremental updates across Disc’s pipeline.” This stance backs up the analyst’s Strong Buy rating on IRON stock, a rating that she compliments with a $110 price target – pointing towards a ~70% upside potential for the coming year. (To watch Brill’s track record, click here ) Brill’s colleagues on Wall Street are also in agreement. There are 10 recent analyst reviews of this stock on record and they are unanimously positive, giving IRON shares their Strong Buy consensus rating. The stock is currently trading for $64.96 and has an average target price of $92.40, suggesting a one-year upside of 42%. (See IRON stock forecast ) To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy , a tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.Financial Survey: Hampshire Group (OTCMKTS:HAMP) vs. Gladstone Capital (NASDAQ:GLAD)
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On Wednesday, December 4th, Neptune Aviation, one of the largest aerial firefighting companies in the United States, revealed that it will convert a popular narrowbody commercial airliner, the Airbus A319, to a firefighting water bomber. Neptune Aviation is partnering with Aerotec & Concept to complete the conversion of the Airbus A319. The initial conversion is scheduled to be completed in 2027, and Neptune Aviation will introduce it into service shortly after. The aerial firefighting company will look to convert several other Airbus A319s for aerial firefighting purposes in the future. These airplanes and helicopters are fitted with the latest technology in aerial firefighting capability. The President of Neptune Aviation, Jennifer Draughon, spoke about the new soon-to-be-converted aircraft. Draughon stated, "As the leader in aerial firefighting, we are always focused on continuous improvement. The Airbus A319’s larger size and higher maximum takeoff weight allow for greater fire retardant capacity, improving operational efficiency, and enhancing the safety of our crews, firefighters on the ground, and the communities we protect." Neptune Aviation's newest narrowbody firefighting aircraft Neptune Aviation will look to introduce a completed aerial firefighting aircraft in 2027, after the conversion is completed in partnership with the France-based Aerotec & Concept. The new Airbus A319 water bomber will be a significant upgrade to the firefighting company's fleet. Currently, Neptune Aviation flies nine British Aerospace 146 aircraft. According to Aero Time , these aircraft have a maximum capacity of 3,000 gallons for retardant. However, the newly converted Airbus A319 fleet will be able to carry a maximum of 4,500 gallons of retardant. It is not clear how many Airbus A319 water bombers Neptune Aviation will acquire in the future. However, it is likely that Neptune Aviation will keep a mixture of BAe 146 water bombers and Airbus A319 water bombers. This will provide the company with a wide range of aerial firefighting capabilities. The Airbus A319 has several other improvements in the performance category compared to the BAe 146s. However, the BAe 146s are smaller and easier to maneuver. Overall, these two aircraft have the following general performance specifications: Specification BAe 146 Airbus A319 Length 102 feet 111 feet Height 28 feet one inch 38 feet seven inches Wingspan 86 feet three inches 117 feet five inches Maximum takeoff weight (MTOW) 84,000 pounds 166,000 pounds Typical cruise speed 404 knots (465 miles per hour) 448 knots (515 miles per hour) Range 2,090 nautical miles (2,405 miles) 3,750 nautical miles (4,320 miles) Service ceiling 35,000 feet 41,000 feet About Neptune Aviation Neptune Aviation Services is one of the largest aerial firefighting firms in the US. The company is based out of Missoula International Airport (MSO) in Missoula, Montana. However, Neptune Aviation provides aerial firefighting services to a wide range of areas, including throughout the US, Canada, Chile, and other areas around the world. The company was first founded in 1993 after Marta Amelia Timmons purchased Black Hills Aviation, which was previously based in Alamogordo, New Mexico. Since then, the company has focused on aerial firefighting services. However, the company also provides aviation maintenance services, air charter services, and operates a fixed base operator (FBO).
AP Trending SummaryBrief at 9:28 a.m. EST
In a significant move, MicroStrategy Inc. MSTR looks set to join the Nasdaq 100 index, prompting a major reconstitution of the index. This change, based on market cap rankings as of Nov. 29, will take effect after Dec. 20. What Happened : According to a report by Seeking Alpha, the inclusion of MicroStrategy, with its $94 billion market cap, will impact passive funds tracking the index, such as the Invesco QQQ Trust QQQ and the Invesco Nasdaq 100 QQQM . These funds, along with the Global X Nasdaq 100 Covered Call QYLD , will need to adjust their holdings to include MicroStrategy by Dec. 20. MicroStrategy’s entry into the NASDAQ 100 introduces Bitcoin exposure to passive investors, as the company holds nearly 2% of the Bitcoin supply. Known for issuing stock to purchase Bitcoin, MicroStrategy’s strategy could affect the index’s dynamics. See Also: MicroStrategy's Michael Saylor Calls Bitcoin The ‘Manhattan In Cyberspace,' Says It's An Asset You Could Expect To ‘Last 1,000 Years' The reconstitution may result in increased turnover and potential tracking errors for ETFs, as they will need to rebalance their portfolios to accommodate MicroStrategy’s growing market cap. This unique situation could lead to strategic trading opportunities for investors. Why It Matters : MicroStrategy’s potential inclusion in the NASDAQ 100 is a testament to its growing influence in the financial markets, particularly due to its aggressive Bitcoin strategy. Recently, Bernstein described MicroStrategy as a “Bitcoin magnet,” projecting it could hold 4% of the global Bitcoin supply by 2033. However, this strategy is not without risks, as some analysts caution about its long-term viability. Additionally, Michael Saylor , co-founder of MicroStrategy, recently revealed that the company is generating substantial profits from its Bitcoin holdings, reportedly making $500 million a day as Bitcoin nears $100,000. This has contributed to a surge in MicroStrategy’s stock, which has increased by 465% year-to-date, significantly impacting ETFs linked to its performance, as noted in a recent report . MicroStrategy’s recent $3 billion offering of 0% convertible senior notes, completed swiftly, underscores investor confidence in its strategy . These notes offer no interest but allow participation in the equity upside, reflecting the market’s appetite for exposure to MicroStrategy’s Bitcoin-driven growth. Price Action: Bitcoin was hovering at $96,776 at the time of writing, up by 0.46% in the last 24 hours, according to Benzinga Pro data. MicroStrategy’s stock closed at $387.47 on Friday, falling slightly by 0.35%. Year-to-date, the stock has gained 465%. The MicroStrategy stock has a consensus rating of “Buy,” according to Benzinga Pro data . The highest price target is $690, while the consensus price target is $449.50, implying a 16% upside. Read Next: Bitcoin, Ethereum, Dogecoin Simmer Down On Thanksgiving: Analyst Sees ‘Significant Shift’ From BTC Season To Alt Season Disclaimer : This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Photo courtesy: MicroStrategy © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.WASHINGTON — The House Ethics Committee on Monday accused Matt Gaetz of “regularly” paying for sex, including with a 17-year-old girl, and purchasing and using illicit drugs as a member of Congress, as lawmakers released the conclusions of a nearly four-year investigation that helped sink his nomination for attorney general. The 37-page report by the bipartisan panel includes explicit details of sex-filled parties and vacations that Gaetz, now 42, took part in from 2017 to 2020 while the Republican represented Florida's western Panhandle. Former Rep. Matt Gaetz, R- Fla., speaks at AmericaFest, Sunday, Dec. 22, 2024, in Phoenix. (AP Photo/Rick Scuteri) Rick Scuteri Congressional investigators concluded that Gaetz violated multiple state laws related to sexual misconduct while in office, though not federal sex trafficking laws. They also found that Gaetz “knowingly and willfully sought to impede and obstruct” the committee's work. “The Committee determined there is substantial evidence that Representative Gaetz violated House Rules and other standards of conduct prohibiting prostitution, statutory rape, illicit drug use, impermissible gifts, special favors or privileges, and obstruction of Congress,” the report said. Before the report came out, Gaetz denied any wrongdoing and criticized the committee's process. “Giving funds to someone you are dating — that they didn’t ask for — and that isn’t ‘charged’ for sex is now prostitution?!?” he posted on X, the website formerly known as Twitter. “There is a reason they did this to me in a Christmas Eve-Eve report and not in a courtroom of any kind where I could present evidence and challenge witnesses.” Gaetz, who was first elected in 2017, spent the majority of his time in Washington enmeshed in scandals that ultimately derailed his selection by President-elect Donald Trump to lead the Justice Department. Gaetz abruptly resigned from Congress last month. His political future is uncertain, although Gaetz has indicated interest in running for the open Senate seat in Florida. The committee painted a damning portrait of Gaetz's conduct, using dozens of pages of exhibits, including text messages and financial records, travel receipts, checks and online payments, to document a party and drug-fueled lifestyle. The committee said it compiled the evidence after issuing 29 subpoenas for documents and testimony and contacting more than two dozen witnesses. In addition to soliciting prostitution, the report said Gaetz “accepted gifts, including transportation and lodging in connection with a 2018 trip to the Bahamas, in excess of permissible amounts.” That same year, investigators said Gaetz arranged for a staffer to obtain a passport for a woman with whom he was sexually involved, falsely telling the State Department that she was his constituent. In some of the text exchanges made public, he appeared to be inviting various women to events, getaways or parties, and arranging airplane travel and lodging. At one point he asked one woman if she had a “cute black dress” to wear. There were also discussions of shipping goods. One of the exhibits was a text exchange that appeared to be between two of the women concerned about their cash flow and payments. In another, a person asked Gaetz for help to pay an educational expense. Regarding the 17-year-old girl, the report said there was no evidence Gaetz knew she was a minor when he had sex with her. The woman told the committee she did not tell Gaetz she was under 18 at the time and that he learned she was a minor more than a month after the party. But Gaetz stayed in touch with her after that and met up with her for “commercial sex” again less than six months after she turned 18, according to the committee. Florida law says it is a felony for a person 24 or older to have sex with a minor. The law does not allow a claim of ignorance or misrepresentation of a minor's age as a defense. Joel Leppard, who represents two women who told the committee that Gaetz paid them for sex, said the findings “vindicate” the accounts of his clients and “demonstrate their credibility.” Listen now and subscribe: Apple Podcasts | Spotify | RSS Feed | SoundStack | All Of Our Podcasts “We appreciate the Committee’s commitment to transparency in releasing this comprehensive report so the truth can be known,” Leppard said in a statement. At least one Republican joined all five Democrats on the committee earlier this month in voting to release the report despite initial opposition from GOP lawmakers, including House Speaker Mike Johnson, to publishing findings about a former member of Congress. While ethics reports have previously been released after a member’s resignation, it is extremely rare. On behalf of the Republicans who voted against making the report public, the committee chairman, Rep. Michael Guest of Mississippi, wrote that while the members did not challenge the findings, “we take great exception that the majority deviated from the Committee’s well-established standards,” to drop any investigation when a person is not longer a member of the chamber. Guest added that releasing this report sets a precedent that “is a dangerous departure with potentially catastrophic consequences.” But Maryland Rep. Glenn Ivey, a Democratic member of the committee, said that for transparency, it was crucial for the public and Congress as an institution to read the findings. "I think that’s important for my colleagues here in the House to know how the committee reviews certain acts," he told The Associated Press. "Some of these were obviously conduct that crossed the line, but some of them weren’t.” Mounting a last-ditch effort to halt the publication of the report, Gaetz filed a lawsuit Monday asking a federal court to intervene. He cited what he called “untruthful and defamatory information” that would “significantly damage” his “standing and reputation in the community.” Gaetz’s complaint argued that he was no longer under the committee’s jurisdiction because he had resigned from Congress. The often secretive, bipartisan committee has investigated claims against Gaetz since 2021. But its work became more urgent last month when Trump picked him shortly after the Nov. 5 election Day to be the nation's top law enforcement officer. Gaetz resigned from Congress that same day, putting him outside the purview of the committee's jurisdiction. But Democrats had pressed to make the report public even after Gaetz was no longer in the House and had withdrawn from consideration for Trump's Cabinet. A vote on the House floor this month to force the report’s release failed; all but one Republican voted against it. The committee detailed its start-and-stop investigation over the past several years, which was halted for a time as the Justice Department conducted its own inquiry of Gaetz. Federal prosecutors never brought a case against him. Lawmakers said they asked the Justice Department for information about its investigation, but the agency refused to hand over information, saying it does not disclose information about investigations that do not result in charges. The committee then subpoenaed the department for records. After a back-and-forth between department officials and the committee, the department only handed over “publicly reported information about the testimony of a deceased individual,” according to the committee's report. The report said Gaetz was “uncooperative" throughout the committee's investigation. He provided “minimal documentation” in response to the committee’s requests, it said. “He also did not agree to a voluntary interview.” ___ Associated Press writer Alanna Durkin Richer contributed to this report.HomeStreet EVP Godfrey B. Evans sells $53,547 in stock
The immigration officers sat in their vehicles before dawn near a two-story building. A New York subway line rumbled overhead, then an officer's voice crackled over the radio. After watching for about two hours, he said, “I think that's Tango,” using a term for target. “Gray hoodie. Backpack. Walking quickly.” > Philadelphia news 24/7: Watch NBC10 free wherever you are The immigration officers surrounded and handcuffed a 23-year-old man from Ecuador who had been convicted of sexually assaulting a minor. Kenneth Genalo, head of Enforcement and Removal Operations for Immigration and Customs Enforcement in New York, said a popular misconception is that officers can sweep into a community and pick up a wide swath of people who are in the United States illegally and send them to their home countries. “It’s called targeted enforcement,” Genalo said. “We don’t grab people and then take them to JFK and put them on a plane." With Donald Trump returning to the White House, there is intense interest in how the Republican will carry out his immigration agenda , including a campaign pledge of mass deportations. His priorities could run into the realities faced by agents focused on enforcement and removals, including the unit in New York that offered The Associated Press a glimpse into its operations: The number of people already on its lists to target eclipses the number of officers available to do the work. The Biden administration had narrowed deportation priorities to public safety threats and recent border crossers. Trump's incoming “border czar,” Tom Homan , says officials in the new administration also will prioritize those who pose a risk, such as criminals, before moving on to immigrants whom courts have ordered removed from the U.S. But Homan also has signaled that enforcement could be wider: “If you’re in the country illegally you got a problem,” he said recently on Dr. Phil’s Merit TV. It's a tall order. Deportation orders far outnumber staff About 1.4 million people have final orders of removal, while about 660,000 under immigration supervision either have been convicted of crimes or are facing charges. But only 6,000 officers within ICE are tasked with monitoring noncitizens in the country and then finding and removing those not eligible to stay. Those staffing numbers have largely remained static as their caseload has roughly quadrupled over the past decade to 7.6 million. About 10% of that workforce was pulled from their regular duties last year to go to the U.S.-Mexico border at times when immigration spiked. Jason Houser, ICE chief of staff earlier in the Biden administration, said the number of officers needed to pursue those deemed a public safety threat are at direct odds with the goal of deporting people in large numbers. “You're not going to be able to do both of those with the resources you have, with the deportation officers you have,” Houser said. “Just the arithmetic, the time-intensive nature of those sort of arrests will overwhelm any ability to get to those large scale numbers.” Genalo said the officers in charge of individual cases have to get a lead, ensure they have the legal authority to arrest someone and then track the person down. They generally aren't allowed to enter a residence, so they want to catch people outside. How immigration removals work in the field On this recent operation, about a dozen officers gathered before 5 a.m. at a White Castle parking lot in the Bronx. After putting on their body armor and checking their equipment, they circled around for a briefing. Besides the 23-year-old Ecuadorian man, they were going after a 36-year-old Mexican man convicted of forcibly touching a young girl and another Ecuadorian also convicted of sexual abuse of a minor. The first target, the 23-year-old man, who pleaded guilty to raping a 14-year-old girl, was believed to usually leave the apartment building around 7 a.m. or 7:30 a.m. Sometimes he was with a woman and child. “Light came on in the first floor of the apartment,” an officer waiting outside said over the radio. Then later: “Someone came out of the basement, but it’s not our target.” They finally spotted him, swept him into the back of a vehicle and quickly left the neighborhood. Inside, the man's 22-year-old wife didn't know what had happened until he called later from detention. In an interview, she said they met in Ecuador and had a child — a bubbly 3-year-old girl with braids — and she was pregnant with their second. He worked construction while she was a manicurist. She said she knew why her husband had been arrested but felt there were important mitigating factors. She said they knew it was possible her husband could be sent back to Ecuador after his criminal case wrapped up but that it was still a shock. ICE deported more than 270,000 people over a recent 12-month period, the highest annual tally in a decade, the agency said in a recent report. But it also said it made fewer arrests of noncitizens, in part because of the demand of sending staff to the border. Of those arrested, a greater proportion had serious criminal histories. Working with local law enforcement Some cities and states work with ICE to turn over people in their custody who aren't U.S. citizens. But many left-leaning states and cities have so-called sanctuary policies that limit cooperation with federal immigration authorities. In New York City, for example, ICE used to have an office at the jail to easily take custody of noncitizens. In 2014, then-Mayor Bill de Blasio signed legislation kicking out ICE and restricting police cooperation. His successor, Eric Adams, has shown willingness to revisit some of those policies. He recently met with Homan and told reporters they agreed on pursuing people who commit violent crimes. Genalo said agents spend time and resources picking up immigrants few would argue should have the right to stay in America. “How can you state that sanctuary policies help the community when you’re releasing all these criminals right back into the community?” he said. “We’re safer when we collaborate.” Staffing is also an issue. He said he's supposed to have about 325 officers, but in recent years, the number has been about 30% lower. Many immigration advocates have long-standing concerns about ICE's tactics, and those concerns are deepening with Trump's return to office in January. Advocates say the incoming administration's position of going after public safety threats is already longtime policy. They object to rhetoric they say paints immigrants as people to be feared. They say there can be nuances in some cases: Maybe someone committed a crime a long time ago and has been rehabilitated, or someone facing a final order of removal moved and never got the notice. During Trump's first term, there were a lot of “collateral arrests” where immigration officers would detain others besides those being targeted, said Jehan Laner, a senior staff attorney for the Immigrant Legal Resource Center. That destabilizes communities, she said, adding, “We saw them go after everyone.” Genalo said he couldn’t comment on the incoming administration’s plans but stressed that officers are going after specific targets with criminal histories. He said he has a docket of about 58,000 people who either have criminal convictions or pending charges. “I’m pretty sure we’re going to be tied up for a while dealing with the criminal population," Genalo said. ___ Associated Press reporter Cedar Attanasio contributed to this report.TV’s Dr. Oz invested in businesses regulated by agency Trump wants him to lead
ECI submits gazette, notification of poll results to Maharashtra guvUPS (NYSE: UPS) continues to struggle through a difficult period. The small package delivery market is over capacity, pressuring pricing power at a time when a weak economy is encouraging customers to shift to cheaper delivery options. It all adds up to a difficult period for UPS, and the company will end 2024 with significantly lower earnings than management anticipated at the start of the year. UPS will likely be a big winner if interest rates head lower. Here's why. Not just about end demand Interest rates are affecting not only UPS' end markets, but also its business model. CEO Carol Tome's tenure has been characterized by her admonishment of the "better not bigger" operating framework. Are You Missing The Morning Scoop? Breakfast News delivers it all in a quick, Foolish, and free daily newsletter. Sign Up For Free » In plain English, this implies focusing on targeted deliveries rather than chasing volume growth. This approach colors the company's structure and competitiveness in its end markets. The latter is the key to understanding why UPS needs lower interest rates. I'll return to that point in a moment. First, a few words on the cyclical benefit of lower rates. Lower rates will help volume growth Package deliveries have also been cyclical, and they always will be. When the economy is doing well, more physical goods are shipped, and vice versa. As such, the weakness in the economy over the last couple of years has negatively affected delivery volumes. Unfortunately, the delivery slowdown came after the package delivery companies ramped up capacity to align with the burgeoning demand created by pandemic lockdown measures. As management outlined during the investor day in March, the U.S. small package market has an excess capacity of some 12 million in average daily volume in 2024. It will take time for the industry to work through that overcapacity, and UPS, among others, is reducing capacity where necessary. Lower rates will spur business activity and consumer spending, leading to growth in package delivery volume, and customers will start switching back to more costly and more timely delivery options in response. UPS' business model will benefit, too Returning to the point about the UPS business model, it's fair to say that the "better not bigger" framework has been challenged this year. The company continued to focus on driving growth in selected end markets, such as higher-margin markets like small and medium-sized businesses (SMBs) and healthcare. Still, it's also taken on a significant amount of relatively lower revenue per piece volume of deliveries in 2024. You can see this in the chart below, where revenue per piece continues to decline, but volumes are growing again, leading to revenue growth. While it's not UPS' ideal scenario and seems inconsistent with "better not bigger," market conditions dictate it. A lower-interest-rate environment will improve overall package delivery demand and allow UPS to better align its business with its long-term strategy. There's little management can do about its end markets, and the pragmatic approach taken in 2024 -- by taking on lower revenue per piece deliveries -- is a net positive under the circumstances. UPS in 2025 With lower interest rates in 2025, UPS should be able to finesse a return to its core operating philosophy of growing in its targeted markets and hopefully improve its revenue per piece growth. That would be a positive development, because the good news from the third quarter came from its cost-per-piece reduction of 4.1% year over year. Not only is UPS doing an excellent job of cutting costs (the company is cutting 12,000 jobs this year to reduce cost by $1 billion) , it's also lapping the increases in costs associated with the improved labor contract agreed in 2023. Its medium-term plan, outlined in March, calls for ongoing investments in automation and smart facilities to improve network productivity, enabling UPS to consolidate its facilities and reduce cost per piece. A stock to buy? UPS has a lot to gain from a lower-rate environment: Improved pricing power, a potential improvement in revenue per piece while cost per piece is likely to be controlled, and UPS can return to focusing on higher-margin deliveries. It all speaks to a combination of revenue growth and margin expansion next year as the company recovers from a difficult couple of years. UPS is far from perfect, and there's no guarantee it will hit its full-year earnings expectations. But on balance, the stock looks like a good value, trading on 15.6 times estimated 2025 earnings. Should you invest $1,000 in United Parcel Service right now? Before you buy stock in United Parcel Service, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and United Parcel Service wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $829,378 !* Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*. See the 10 stocks » *Stock Advisor returns as of November 25, 2024 Lee Samaha has no position in any of the stocks mentioned. The Motley Fool recommends United Parcel Service. The Motley Fool has a disclosure policy . If the Fed Keeps Cutting Interest Rates, This Stock Could Be a Winner was originally published by The Motley Fool