Authored by Mike Shedlock via MishTalk.com, Healthcare costs have soared. Obamacare failed to live up to its promises. And my lead image dramatically understates the problems with costs... Data from the BLS, chart by Mish The numbers look bad but they are much worse than they look because of the way the BLS calculates the CPI. On all CPI calculations, the BLS only counts costs directly paid by consumers. To the extent corporations and Medicare are obscuring more of the costs, the CPI numbers are understated. The above is an AI-generated response. It totals 86.6 percent. Census. Gov says that in 2022, 92.1 percent of people, or 304.0 million, had health insurance at some point in the year. Those in various Medicare plans have seen smaller increases than those buying insurance for themselves. And the cost of direct pay is outrageous. Large corporations can get better deals than smaller ones. The BLS averages this all in to arrive at the numbers posted in the chart. Heaven help anyone paying for their own insurance who gets cancer or other serious needs. Obamacare penalizes young and healthy for the benefit of those older and with conditions. Young adults not working for a company that provides health care benefits frequently opt out. No one can blame them. The Wall Street Journal discusses the ObamaCare Con Progressives are at last acknowledging that ObamaCare is a failure. They aren’t doing so explicitly, of course, but their social-media screeds against insurers, triggered by last week’s murder of UnitedHealthcare CEO Brian Thompson, suggest as much. “We’ve gotten to a point where healthcare is so inaccessible and unaffordable, people are justified in their frustrations,” CBS News medical contributor Céline Gounder said during a Friday segment on the roasting of health insurers. Remember Barack Obama’s promise that if you like your health plan and doctor, you could keep them? Sorry. How about his claim that people with pre-existing conditions would be protected? Also not true. The biggest howler, however, was that healthcare would become more affordable. Grant Democrats this: The law has advanced their political goal of expanding government control over insurers, in return for lavishing Americans with subsidies to buy overpriced, lousy products. (One might observe that Democrats are driving a similar Faustian bargain to induce automakers to produce more electric vehicles.) One problem is that simply having insurance doesn’t change people’s behavior. It does, however, cause them to use more care. This is a particular problem in Medicaid, since beneficiaries often rush to the emergency room for nonemergencies because they don’t have deductibles or co-pays. Another problem: The nearly 100 million Americans on Medicaid or tightly regulated and generously subsidized exchange plans struggle to find doctors to treat them. Physician access for Medicaid patients has long been limited owing to the program’s low reimbursement rates. It has gotten worse since ObamaCare expanded eligibility, as states have tried to hold down Medicaid costs by reducing reimbursements. A 2019 study found that patients were only half as likely to get an appointment with a doctor compared with privately insured patients before the law passed. Post-ObamaCare, they were less than one-third as likely. Medicaid is insurance in name only. Patients with exchange plans hardly fare better. Affordable Care Act plan networks include on average only 40% of local physicians and 21% of those employed by hospitals. Patients must pay significantly more out of pocket to see out-of-network doctors. If you find a doctor in network, there’s no guarantee he’ll continue to be. Insurers are narrowing coverage to keep down costs. They are also hiking deductibles, which this year averaged $5,241 for a typical plan . That’s up from $2,425 in 2014. Although subsidies reduce how much people with ObamaCare plans pay toward their premiums, they are stuck paying out of pocket until they hit their deductible. Most healthy young people never do. That means their insurance is worthless except in the event of a catastrophic emergency, which was the gist of recent rants against insurers. Perhaps they should take up their grievances with Mr. Obama, since his law’s mandates and regulations are to blame. ObamaCare requires plans to cover myriad government-determined “essential benefits” regardless of whether people need them. It also prohibits insurers from charging higher premiums based on a patient’s health-risk factors and limits their ability to do so for older people. The young and healthy are thus required to subsidize their elders, while taxpayers are required to subsidize everyone on the exchanges . The WSJ noted “states have tried to hold down Medicaid costs by reducing reimbursements.” Everyone else pays more because if it. Wait times and the struggle to find a doctor who takes Medicaid are not factored into the CPI at all. The Huffington Post reports ‘This Is A Warning’: Warren, Sanders Address Sympathy For UnitedHealthcare CEO Killing Two of the biggest critics of the U.S. health care system condemned the assassination of UnitedHealthcare’s CEO Brian Thompson while calling out “vile” insurance company practices aimed at maximizing profits. “The visceral response from people across this country who feel cheated, ripped off, and threatened by the vile practices of their insurance companies should be a warning to everyone in the health care system,” Sen. Elizabeth Warren (D-Mass.) told HuffPost in an interview on Tuesday when asked about the cold response to Thompson’s death, which included celebratory posts on social media. “Violence is never the answer, but people can be pushed only so far,” Warren added. “This is a warning that if you push people hard enough, they lose faith in the ability of their government to make change, lose faith in the ability of the people who are providing the health care to make change, and start to take matters into their own hands in ways that will ultimately be a threat to everyone.” After drawing some criticism for her remarks, Warren clarified her comments in a statement provided to HuffPost on Wednesday. “Violence is never the answer. Period,” the senator said. “I should have been much clearer that there is never a justification for murder.” Sen. Bernie Sanders (I-Vt.) called Thompson’s killing “outrageous” and “unacceptable” before similarly criticizing insurance company practices. “I think what the outpouring of anger at the health care industry tells us is that millions of people understand that health care is a human right and that you cannot have people in the insurance industry rejecting needed health care for people while they make billions of dollars in profit,” Sanders said. Sen. John Fetterman (D-Pa.) also criticized “vile” social media posts for celebrating an “assh*le that’s going to die in prison.” “If you gun someone down that you don’t happen to agree with their views or the business that they’re in, hey, you know, I’m next, they’re next,” he added. “And people want to celebrate it. It’s twisted.” Government meddling is one of the reasons healthcare is so expensive. Obamacare failed across the board. And it did so by creating big pools of those who overpay and underpay. Let’s not mince words. People who smoke ought to pay more for healthcare because they are a higher risk. Those who are grossly overweight ought to pay more as well. Medicaid encourages emergency visits by paying primary care doctors so little that the doctors refuse new patients. To avoid lawsuits, doctors perform more tests than necessary. Fraud is rampant. Paperwork is excessive. “Medicare for All” would enhance problems in all of the above. Customers who have already reached their max out of pocket deductibles have no skin in the game. And that’s a huge problem. According to Medicare.Gov “ No Medicare drug plan may have a deductible more than $505 in 2023. Some Medicare drug plans don’t have a deductible. In some plans that do have a deductible, drugs on some tiers are covered before the deductible. ” Once deductibles are reached, sometimes in one month, consumers have no incentive to shop around. Other customers, unaware of cost differentials, fill prescriptions on the basis of convenience, that being the nearest pharmacy. January 24, 2024: Denver Health at “Critical Point” as 8,000 Migrants Make 20,000 Emergency Visits The Denver hospital system is turning away local residents because it is flooded with migrant visits. March 9, 2024: Medicaid Expansion Was Supposed to Pay for Itself, Instead Hospitals Are Closing 10 states did not fall for the Medicaid expansion trap under Obamacare. The rest are suffering. Private payers (you, one way or another) make up the loss. Medicaid does not pay enough to cover hospitals’ costs, meaning hospitals need to make up for the shortfall by charging private payers more. This was one of the easiest “I Told You So” advance predictions in history. Best of all, we have a decade of data to prove it thanks to ten states that resisted the trap. May 9, 2024: Hospitals Turn to Pay In Advance, In Full If you are in the hospital emergency room, and that’s where most people without insurance go, then you get treated. Otherwise, many hospitals are turning to pay in advance for services. It’s interesting to note that hospitals want payment in advance for births. Most illegals just walk in and never pay for anything. Nonpayment is one of the reasons costs are soaring for everyone who does pay. Obama claimed Medicaid expansion would pay for itself. Whenever you hear that claim please run. Free government handouts are never free and most often backfire completely. As long as we are going to have Medicare, and no politician will ever get rid of it, It would behoove Medicare and insurers to require the cheapest cost alternative on all drugs. That would force competition and eliminate fraudulent collusion. US consumers are subsidizing the rest of the world. I would put an end to that by allowing drug imports. It’s an uncomfortable topic, where demagoguery about “death squads” abounds, but we need to have a talk about the right to die and how much money we spend prolonging a terminal patient’s life, in massive pain, for a few weeks or months. I have made my wishes known. I do not want to be kept alive by heroic means if the quality of my life is expected to be grim. That’s a personal decision. At the national level, we must face this very uncomfortable question: Should we spend hundreds of thousands of dollars keeping someone alive whose life expectancy is 3 months? 6 months? a year? I say no to all for those without insurance, and no for me personally, regardless. Also, hospitals should be free to turn away those without insurance. We need tort reform to cut down legal expenses. When consumers have no skin in the game or not enough skin in the game, no one other than the insurers are interested in reducing costs. That is the fundamental problem with US healthcare. Senators Warren and Sanders proposals would make everything worse.
World junior roundup: Finland bounces back with 3-1 win over Germany
Exciting news is emerging regarding Nvidia’s upcoming RTX 50 series graphics cards. Reports indicate a significant shift in graphics technology, potentially debuting at CES 2025, with groundbreaking features expected. Nvidia’s partners, Zotac and Acer, have unintentionally spilled details on up to five new GPUs. Teasers reveal unparalleled AI capabilities that promise a fresh transformation in graphics processing and presentation. With the introduction of “Neural Rendering Capabilities,” Nvidia aims to elevate the gaming and graphics experience to new levels. Rumors suggest these features could be part of the new RTX 50 series, showcasing Nvidia’s improving tech like enhanced RT cores and potentially an Advanced DLSS upgrade, hinting at a possible DLSS 4.0 release. These enhancements aim to deliver superior image quality and improved framerates, setting a new standard in visual fidelity. Retailer leaks uncovered by VideoCardz reveal potential flagship models, such as the RTX 5090, boasting an extraordinary 32GB of GDDR7 memory. Also mentioned are the RTX 5080, RTX 5090D, RTX 5070 Ti, and RTX 5070, suggesting a diverse lineup. An entry-level RTX 5060 Ti with 16GB and a basic RTX 5060 with 8GB could be on the horizon, though more budget-friendly options remain in speculation. Early prototypes of the RTX 5090 hinted at massive design elements, but trusted insiders hint at a more practical dual-slot design and reduced power demands. Enthusiasts eagerly await Nvidia’s official announcements, hoping for innovation that transforms the graphics landscape. Nvidia’s RTX 50 Series: Pioneering the Future of AI-Powered Graphics As the tech world eagerly anticipates the 2025 CES event, Nvidia’s forthcoming RTX 50 series graphics cards are generating significant buzz with hints of revolutionary advances in the realm of graphic technology. This eagerly awaited GPU lineup promises to redefine gaming and graphics processing, introducing innovative features that are expected to set new industry standards. Unveiling Neural Rendering and Advanced DLSS Insiders suggest that the RTX 50 series will debut Nvidia’s “Neural Rendering Capabilities,” an evolution that leverages artificial intelligence for enhanced graphics processing and presentation. Nvidia’s continuous investment in AI has paved the way for these pioneering capabilities, forecasted to transform real-time rendering and elevate the overall user experience. One of the most talked-about potential updates is an Advanced DLSS (Deep Learning Super Sampling), speculated to be branded as DLSS 4.0. This iteration aims to significantly improve image resolution and frame rates, offering gamers smoother and more visually stunning gameplay. Lineup and Specifications A range of new models is anticipated in the RTX 50 series, including high-performance options like the RTX 5090, which is rumored to feature a staggering 32GB of GDDR7 memory. Accompanying this flagship model will likely be variants such as the RTX 5080, RTX 5090D, RTX 5070 Ti, and RTX 5070, each catering to different segments of the gaming and graphic design markets. Speculation is also rife about more accessible options, such as the RTX 5060 Ti with 16GB of memory and a simpler RTX 5060 with 8GB. These models might appeal to budget-conscious consumers, broadening Nvidia’s reach in the consumer graphics market. Design Innovations and Power Efficiency Initial prototype designs of the RTX 5090 hinted at a hefty form factor, but recent insider reports suggest a more streamlined dual-slot design. A focus on reduced power consumption highlights Nvidia’s commitment to crafting GPUs that are not only powerful but also energy-efficient, addressing concerns about sustainability and operational costs for users. Market Implications and Future Trends Nvidia’s RTX 50 series is anticipated to significantly influence market trends, creating ripples across gaming, media production, and AI-driven applications. The combination of unparalleled AI integration and enhanced rendering capabilities positions Nvidia as a leader in the technological evolution of graphics processing. Experts predict that these innovations will not just enhance gaming experiences but could also advance professional design, video editing, and virtual reality technologies. As Nvidia prepares for what is likely to be a landmark release at CES 2025, the RTX 50 series is poised to chart a new course for the future of graphics technology. For continued updates on these groundbreaking developments, visit the official Nvidia website .US homelessness up 18% as affordable housing remains out of reach for many people
NEW YORK , Dec. 17, 2024 /PRNewswire/ -- Paramount Global (the "Company") (NASDAQ: PARA , PARAA) today announced that it would redeem all of its remaining outstanding 4.750% senior notes due May 15, 2025 (the "4.750% senior notes") on December 27, 2024 . The redemption price for the 4.750% senior notes is equal to the sum of 100% of the principal amount of the 4.750% senior notes that remain outstanding, the make-whole amount calculated in accordance with the terms of the 4.750% senior notes and the related indenture under which the 4.750% senior notes were issued, and the accrued and unpaid interest on the remaining 4.750% senior notes up to, but excluding, the redemption date of December 27, 2024 . The aggregate principal amount of the 4.750% senior notes outstanding and the aggregate principal amount of the 4.750% senior notes to be redeemed is as set forth below: Holders owning 4.750% senior notes through a broker, bank, or other nominee should contact that party for information. For more information, holders of the 4.750% senior notes may call the paying agent for the redemption of the 4.750% senior notes, Deutsche Bank Trust Company Americas at (800) 735-7777. About Paramount Paramount Global (NASDAQ: PARA , PARAA) is a leading global media, streaming and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, its portfolio includes CBS, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+ and Pluto TV. The Company holds one of the industry's most extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, the Company provides powerful capabilities in production, distribution, and advertising solutions. Cautionary Note Concerning Forward-Looking Statements This communication contains both historical and forward-looking statements, including statements related to our future results, performance and achievements. All statements that are not statements of historical fact are, or may be deemed to be, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. These forward-looking statements reflect our current expectations concerning future results and events; generally can be identified by the use of statements that include phrases such as "believe," "expect," "anticipate," "intend," "plan," "foresee," "likely," "will," "may," "could," "estimate" or other similar words or phrases; and involve known and unknown risks, uncertainties and other factors that are difficult to predict and which may cause our actual results, performance or achievements to be different from any future results, performance or achievements expressed or implied by these statements. These risks, uncertainties and other factors include, among others: risks related to our streaming business; the adverse impact on our advertising revenues as a result of advertising market conditions, changes in consumer viewership and deficiencies in audience measurement; risks related to operating in highly competitive and dynamic industries, including cost increases; the unpredictable nature of consumer behavior, as well as evolving technologies and distribution models; risks related to our ongoing changes in business strategy, including investments in new businesses, products, services, technologies and other strategic activities; the potential for loss of carriage or other reduction in or the impact of negotiations for the distribution of our content; damage to our reputation or brands; losses due to asset impairment charges for goodwill, intangible assets, FCC licenses and content; liabilities related to discontinued operations and former businesses; risks related to environmental, social and governance (ESG) matters; evolving business continuity, cybersecurity, privacy and data protection and similar risks; content infringement; domestic and global political, economic and regulatory factors affecting our businesses generally; disruptions to our operations as a result of labor disputes; the inability to hire or retain key employees or secure creative talent; volatility in the prices of the Companyʼs common stock; potential conflicts of interest arising from our ownership structure with a controlling stockholder; business uncertainties, including the effect of the Skydance transactions on the Companyʼs employees, commercial partners, clients and customers, and contractual restrictions while the Skydance transactions are pending; prevention, delay or reduction of the anticipated benefits of the Skydance transactions as a result of the conditions to closing the Skydance transactions; the Transaction Agreementʼs limitation on our ability to pursue alternatives to the Skydance transactions; risks related to a failure to complete the Skydance transactions, including payment of a termination fee and negative reactions from the financial markets and from our employees, commercial partners, clients and customers; risks related to change in control or other provisions in certain agreements that may be triggered by the Skydance transactions; litigation relating to the Skydance transactions potentially preventing or delaying the closing of the Skydance transactions and/or resulting in payment of damages; challenges realizing synergies and other anticipated benefits expected from the Skydance transactions, including integrating the Companyʼs and Skydanceʼs businesses successfully; potential unforeseen direct and indirect costs as a result of the Skydance transactions; any negative effects of the announcement, pendency or consummation of the Skydance transactions on the market price of the Companyʼs common stock and New Paramount Class B Common Stock; and other factors described in our news releases and filings with the Securities and Exchange Commission, including but not limited to our most recent Annual Report on Form 10-K and reports on Form 10-Q and Form 8-K. There may be additional risks, uncertainties and factors that we do not currently view as material or that are not necessarily known. The forward-looking statements included in this communication are made only as of the date of this communication, and we do not undertake any obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances. PARA-IR SOURCE Paramount GlobalUS homelessness up 18% as affordable housing remains out of reach for many people
, /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces it is investigating potential breaches of fiduciary duties by the directors and officers of Southwest Airlines Co. (NYSE: LUV) in connection with Southwest Airlines' information technology infrastructure impacting the Company's business, operations, and stock price. If you currently own shares of Southwest Airlines stock, please visit the firm's website at for more information. You may also contact of Rosen Law Firm toll free at 866-767-3653 or via email at . Follow us for updates on LinkedIn: , on Twitter: or on Facebook: . The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over for investors. In 2020, founding partner was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: The Rosen Law Firm, P.A. 275 Madison Avenue, 40 Floor 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 View original content to download multimedia: SOURCE THE ROSEN LAW FIRM, P. A.AP Sports SummaryBrief at 3:59 p.m. EST“Pathetic” TikTok user roasted for spending $1K to watch woman cook
Miami (6-7) at Houston (8-5) Sunday, 1 p.m. EST, CBS BetMGM Odds: Texans by 3. Against the spread: Dolphins 5-8; Texans 5-6-2. Series record: Texans lead 8-3. Last meeting: Dolphins beat Texans 30-15, on Nov. 27, 2022, in Miami. Last week: Dolphins beat Jets 32-26 in OT; Texans were off, beat Jaguars 23-20 on Dec. 1. Dolphins offense: overall (19), rush (24), pass (14), scoring (23). Dolphins defense: overall (9), rush (7), pass (11), scoring (T14). Texans offense: overall (18), rush (16), pass (17), scoring (11). Texans defense: overall (5), rush (10), pass (7), scoring (T12). Turnover differential: Dolphins minus-2; Texans plus-10. QB Tua Tagovailoa, who has been one of the best quarterbacks in the NFL at throwing with anticipation and accuracy since he returned from a concussion in Week 8. Tagovailoa leads the NFL with a 73.8% completion rate and threw for 300 yards for the third straight game last week vs. the Jets. Tagovailoa is the first player in NFL history to have at least 40 pass attempts, multiple touchdown passes and no interceptions in three consecutive games within a single season. QB C.J. Stroud has thrown for at least 225 yards in each of his six home games this season and is 11-4 in 15 starts in Houston, including the playoffs. He has thrown for 3,117 yards with 15 touchdowns and nine interceptions this season. Houston RB Joe Mixon vs. Miami’s run defense. Mixon ran for 101 yards in Houston’s previous game for his seventh 100-yard game this season. He ranks third in the NFL by averaging 88.7 yards rushing a game. This week he’ll face a run defense that ranks seventh in the NFL by holding teams to 105.6 yards a game. Miami LT Terron Armstead is dealing with a knee injury that limited him to just five snaps last week. He did not practice Wednesday... LBs Bradley Chubb (knee) and Cameron Goode (knee) could make their season debut, depending on how this week of practice goes, coach Mike McDaniel said. ... WRs Tyreek Hill (wrist) and Jaylen Waddle (hamstring), RB Raheem Mostert (hip), and LB Anthony Walker Jr. (hamstring) were among those limited in practice Wednesday. ... Houston S Jalen Pitre is expected to miss a second straight game with a shoulder injury. ... DE Denico Autry was limited in practice Wednesday because of a knee injury. Houston won the first seven meetings in this series. ... Miami didn’t get its first win against the Texans until a 44-26 victory in 2015. ... The Dolphins have won the past two meetings. ... These teams first met in the season opener in 2003 when Houston got a 21-20 win on a late field goal. Three of Miami’s final four games of the season are on the road. ... K Jason Sanders needs 13 points Sunday to reach 800. He also needs one field goal to reach 177, which would give him the second-most field goals made in franchise history. ... TE Jonnu Smith needs 100 yards receiving to reach 792 and set a franchise record for most yards receiving by a tight end in a single season. Smith had three catches for 44 yards, including the game-winning TD vs. the Jets last week after having no receptions during regulation. ... Tagovailoa needs a completion rate of 70% or better on Sunday to reach eight consecutive games completing at least 70% of his passes. That would tie him with Joe Montana (1989) and Drew Brees (2017-18) for the longest streak in NFL history. ... The Dolphins gave up a season-high 402 yards to the Jets last week. Aaron Rodgers burned Miami’s pass defense for 319 yards, and Miami’s secondary allowed a combined 223 yards by Garrett Wilson and Davante Adams. ... Houston can clinch the AFC South title for the second straight year with a win and a loss by Indianapolis Sunday. ... The Texans rank second in the NFL with 84 tackles for loss. ... Their 42 sacks also rank second. ... WR Nico Collins had eight receptions for 119 yards for his fourth 100-yard game this season in Houston’s previous game. He has had at least 75 yards receiving and a TD reception in each of his four home games this season. ... TE Dalton Schultz had five receptions for 61 yards and a score in Week 13. He has had at least five catches in two of his past three games. ... LB Azeez Al-Shaai will serve the first game of a three-game suspension for an illegal hit to the head of QB Trevor Lawrence Sunday. ... DE Danielle Hunter is one of two players in the NFL this season with at least 15 tackles for loss (15) and 10 sacks (10 1/2). It’s his sixth career season with at least 10 sacks. He has eight tackles for loss and five sacks combined in his past three games. ... DE Will Anderson has had a sack in his past two home games. ... LB Henry To’oTo’o has had at least five tackles in four straight games. ... CB Derek Stingley had his third interception of the season in his previous game. ... CB Kamari Lassiter had a career-high eight tackles, including a tackle for loss in Week 13. ... S Jimmie Ward has had an interception in his past two home games. He also had an interception in his previous game against Miami in 2022 while with San Francisco. Collins has 456 yards receiving and four touchdown receptions in four home games this season. AP NFL: https://apnews.com/hub/nfl
No. 8 Kentucky flying high ahead of Western Kentucky meetingGREEN COVE SPRINGS, Fla., Dec. 17, 2024 (GLOBE NEWSWIRE) -- MDWerks, Inc. (“MDWerks” or the “Company”) (OTCQB: MDWK) , a forward-thinking company leading the charge in the world of sustainable technology, today announced that the Company’s RF Specialties, LLC (“RFS”) subsidiary has been awarded a new contract from USNR, the world’s largest supplier of equipment and technologies for the wood processing industry, to serve as the global service provider for USNR’s tube based Mann-Russell radio frequency equipment customers. Under the contract, RFS will provide routine maintenance, as well as 24-hour emergency service, for equipment that utilizes Mann-Russell radio frequency solutions across USNR’s global installed base of wood manufacturing companies. Steven Laker, CEO of MDWerks, commented, “This significant new contract win for RF Specialties is testament to the team’s expertise and capabilities in radio frequency technology. We are honored that USNR has entrusted RFS to service their Mann-Russell radio frequency equipment, which is installed across a worldwide customer base. We look forward to providing superior service to USNR and its wood processing customers while building a long, mutually beneficial relationship.” About MDWerks, Inc. MDWerks, Inc. (“MDWerks”) (OTC: MDWK) is a forward-thinking company that is leading the charge in the world of sustainable technology. As a prominent provider of energy wave technologies, MDWerks is committed to developing innovative solutions that help businesses reduce their energy costs and drive business value. For more information, please visit https://mdwerksinc.com/ . MDWerks’ wholly owned subsidiary, Two Trees Beverage Company, is headquartered deep in the Appalachian Mountain country, creating fine spirits, aged sustainably. Two Trees’ fine spirits brands, including Two Trees ® and Tim Smith Spirits ® , have received multiple industry awards, including recent recognition at the 2022 Sip Awards, the 2022 Fifty Best Awards, and the 2023 Best of Asheville. For more information, please visit https://twotreesdistilling.com/ . MDWerks’ wholly owned subsidiary, RF Specialties, LLC (“RFS”) addresses companies’ most pressing challenges by implementing automated radio frequency technology systems in a sustainable way reducing energy costs and increasing speed to market when compared to traditional methods. For more information, please visit https://www.rfspecialtiesus.com/ . About USNR USNR is the world’s largest, most comprehensive supplier of equipment and technologies for the wood processing industry. USNR’s systems produce dimensional lumber, plywood and panels, finger-jointed components and engineered wood products. USNR supplies systems, service and support for plants around the globe including the United States, Canada, Sweden, Finland, Norway, Germany, the United Kingdom, Chile, Japan, Australia, New Zealand and many other countries. For more information, please visit https://www.usnr.com . Cautionary Note Regarding Forward-Looking Statements This press release contains “forward-looking statements”. Forward-looking statements also may be included in other publicly available documents issued by MDWK and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management’s current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “would,” “could,” “will” and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause MDWK’s actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for MDWK’s products and services, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered with these factors in mind. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks described in our filings with the Securities and Exchange Commission from time to time, including our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Forms 10-Q and Current Reports on Form 8-K, which are available on the Securities and Exchange Commission’s website at sec.gov. We assume no obligation to update any forward-looking statements contained in this press release. Company Contact: MDWerks, Inc. Steven Laker T: (252) 501-0019 stevel@mdwerksinc.com Investor Contact: The Equity Group Kalle Ahl, CFA T: (303) 953-9878 kahl@equityny.com
Russian air defences may have shot down an Azerbaijan Airlines flight after misidentifying it, according to US military sources. Two unnamed officials who spoke to Sky News' US partner NBC News said America had intelligence indicating Russia may have believed the flight was a drone and engaged its air defences. It added that this was down, in part, due to the plane's irregular flight pattern and altitude. The report comes after US national security spokesperson John Kirby said on Friday that Washington had "seen some early indications that would certainly point to the possibility that this jet was brought down by Russian air defence systems". He refused to elaborate, citing an ongoing investigation. The plane had been flying from Azerbaijan's capital Baku to Grozny, the regional capital of the Russian republic of Chechnya, on Christmas Day. During its flight, it turned toward Kazakhstan and later crashed around two miles from Aktau while making an attempt to land after flying east across the Caspian Sea. More on Azerbaijan 'Russian air defence system' downed Azerbaijan Airlines plane in deadly crash - Reuters Passengers seen praying in Azerbaijan Airlines cabin footage moments before deadly plane crash COP29 delegates leave summit with a bad aftertaste Related Topics: Azerbaijan Russia The crash killed 38 people and left all of the 29 survivors injured. Azerbaijan observed a national day of mourning after the incident - as footage from inside the aircraft emerged . Azerbaijan's transport minister Rashad Nabiyev told the country's media that "preliminary conclusions by experts point at external impact" and witness testimony did as well. He added: "The type of weapon used in the impact will be determined during the probe." Azerbaijan Airlines has since suspended flights to a number of Russian cities. Read more from Sky News: Italian journalist detained by Iranian police Two sailors die on separate yachts during race South Korea's parliament impeaches acting president Please use Chrome browser for a more accessible video player A spokesperson for the Kremlin declined to comment on the crash, saying it would be up to investigators to determine the cause. Dmitry Peskov said: "The air incident is being investigated, and we don't believe we have the right to make any assessments until the conclusions are made as a result of the investigation." The crash was said to have taken place during a Ukrainian drone attack. Ukrainian President Volodymyr Zelenskyy blamed Russia in a post on social media. 'As if someone hit me with an axe' Passengers and crew who survived the crash told Azerbaijani media that they heard loud noises as the aircraft was circling over Grozny. Aydan Rahimli, a flight attendant, said that after one noise oxygen masks were automatically released and she went to perform first aid on a colleague, Zulfugar Asadov, and then heard another bang. Be the first to get Breaking News Install the Sky News app for free Mr Asadov said the noises sounded like something hitting the plane from outside. Shortly afterwards, he sustained a sudden injury like a "deep wound, the arm was lacerated as if someone hit me in the arm with an axe," he said. Two other survivors described their experiences on the flight. Jerova Salihat told Azerbaijani television that "something exploded" near her leg and Vafa Shabanova said there had been "two explosions in the sky, and an hour and a half later the plane crashed to the ground." If proven the plane crashed after being hit by Russian air defences, it would be the second deadly aviation incident linked to the Kremlin's conflict with Ukraine. Follow our channel and never miss an update Malaysia Airlines Flight 17 was shot down by a Russian missile according to investigators , killing all 298 people aboard, in 2014.
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