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Gainers SEALSQ LAES shares moved upwards by 80.4% to $1.03 during Wednesday's pre-market session. The company's market cap stands at $34.9 million. AmpliTech Gr AMPG shares moved upwards by 76.39% to $1.75. The company's market cap stands at $21.9 million. Frequency Electronics FEIM shares rose 27.05% to $16.25. The market value of their outstanding shares is at $155.4 million. The company's, Q2 earnings came out yesterday. Rigetti Computing RGTI shares moved upwards by 22.8% to $7.97. The company's market cap stands at $2.2 billion. Verb Tech VERB stock increased by 19.04% to $8.75. The market value of their outstanding shares is at $8.6 million. Photronics PLAB shares rose 18.44% to $29.99. The market value of their outstanding shares is at $1.9 billion. As per the news, the Q4 earnings report came out today. Losers CSP CSPI stock decreased by 10.7% to $15.0 during Wednesday's pre-market session. The market value of their outstanding shares is at $146.4 million. Taoping TAOP shares declined by 10.57% to $0.33. The market value of their outstanding shares is at $1.4 million. TROOPS TROO stock decreased by 10.35% to $2.08. The market value of their outstanding shares is at $211.3 million. Signing Day Sports SGN stock declined by 10.31% to $3.22. The market value of their outstanding shares is at $1.8 million. Telos TLS shares declined by 8.84% to $3.3. The market value of their outstanding shares is at $238.8 million. Brand Engagement Network BNAI shares decreased by 7.57% to $0.81. The market value of their outstanding shares is at $30.6 million. See Also: www.benzinga.com/money/tech-stocks/ This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
NoneDrake eases by Stetson 49-10 to secure a second straight outright Pioneer Football League title
EL SEGUNDO, Calif. -- The congregated as a team Wednesday for the first time since Sunday's win over the , only an important figure was missing from the group: . "LeBron is not with the team right now," Lakers coach JJ Redick said after practice. "He's out for personal reasons, excused absence." James because of soreness in his left foot. It was the first game James, 39, missed all season. With the schedule providing a break -- L.A. plays just two games in a 10-day stretch from Dec. 9-18 -- Redick gave the entire team Monday off and designated Tuesday as an optional "get what you need" day. Redick met with many of the Lakers' players individually Tuesday, but James was not present, the coach said. The coach was asked about the upcoming break on Sunday and made it clear he would give his players the freedom to use the time as they deemed fit. "Heck, if somebody wants to go spend a couple of nights in Santa Barbara and relax, that's fine too," Redick said after the Blazers game. "It's a quarter way through the season." Redick added that James is currently "taking some time" and he was unclear whether the 22-year veteran would be back with the team for their next game, Friday on the road against the . Lakers backup center said James' presence was missed, but he was not worried about him falling behind on the team's schemes because of his absence. "I mean, we know he already knows everything," Koloko said. "He's going to come back and he's still going to be the same. He's going to give everything on the court. "We just got to do our part and just get better so that when he comes back, he can just look at us and be like, 'Oh, yeah, [they] were actually working,' when he wasn't there. But we know he'll come back and just pick up everything. He's been in the NBA for a long time." On the season, James is averaging 23 points on 49.5% shooting (35.9% from 3), 9.1 assists and 8.0 rebounds. Redick said he is in constant communication with both James and his longtime athletic trainer, Mike Mancias, about managing the four-time MVP's workload as he nears his 40th birthday at the end of the month. "In game, he's asked for a sub a couple times because he's gassed," Redick said. "For us, we have to be cognizant as we play more and more games, just the cumulative effect of playing a lot of minutes and Sunday, being banged up with the foot thing, it felt like a good opportunity for him to get some rest." Redick added that Lakers starting shooting guard , who missed the past five games with a left pelvic injury, returned to practice Wednesday and was able to join his teammates for most of the drills. "I wouldn't call Austin a full participant," Redick said. "There was one thing that he sat out that we suggested ... that was probably not good for him, just due to the nature of the drill. It was particularly a physical drill and just want to be mindful of his pain tolerance. But he was full participant of all the 5-on-5, live stuff and all the breakdown drills." Reaves is considered day-to-day heading into the Minnesota game, according to Redick.TransMedics Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)Jayden Daniels and the offense stalling have the Commanders on a three-game losing streak
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BROOMFIELD, Colo. , Dec. 9, 2024 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) today reported results for the first quarter of fiscal 2025 ended October 31, 2024 , provided season pass sales results for the 2024/2025 season, updated fiscal 2025 net income attributable to Vail Resorts, Inc. guidance and reaffirmed fiscal 2025 Resort Reported EBITDA guidance, announced capital investment plans for calendar year 2025, declared a dividend payable in January 2025 , and announced first quarter share repurchases. Highlights Commenting on the Company's fiscal 2025 first quarter results, Kirsten Lynch , Chief Executive Officer, said, "Our first fiscal quarter historically operates at a loss, given that our North American and European mountain resorts are generally not open for ski season. The quarter's results were driven by winter operations in Australia and summer activities in North America , including sightseeing, dining, retail, lodging, and administrative expenses. "Resort Reported EBITDA was consistent with the prior year, driven by growth in our North American summer business from increased activities spending and lodging results. This growth was offset by a decline in Resort Reported EBITDA of $9 million compared to the prior year from our Australian resorts due to record low snowfall and lower demand, cost inflation, the inclusion of Crans-Montana, and approximately $2.7 million of one-time costs related to the two-year resource efficiency transformation plan and $0.9 million of acquisition and integration related expenses." Regarding the Company's resource efficiency transformation plan, Lynch said, "Vail Resorts continues to make progress on its two-year resource efficiency transformation plan, which was announced in our September 2024 earnings. The two-year Resource Efficiency Transformation Plan is designed to improve organizational effectiveness and scale for operating leverage as the Company grows globally. Through scaled operations, global shared services, and expanded workforce management, the Company expects $100 million in annualized cost efficiencies by the end of its 2026 fiscal year. We will provide updates as significant milestones are achieved." Turning to season pass results, Lynch said, "Our season pass sales highlight the compelling value proposition of our pass products and our commitment to continually investing in the guest experience at our resorts. Over the last four years, pass product sales for the 2024/2025 North American ski season have grown 59% in units and 47% in sales dollars. For the upcoming 2024/2025 North American ski season, pass product sales through December 3, 2024 decreased approximately 2% in units and increased approximately 4% in sales dollars as compared to the period in the prior year through December 4, 2023 . This year's results benefited from an 8% price increase, partially offset by unit growth among lower priced Epic Day Pass products. Pass product sales are adjusted to eliminate the impact of changes in foreign currency exchange rates by applying an exchange rate of $0.71 between the Canadian dollar and U.S. dollar in both periods for Whistler Blackcomb pass sales. For the period between September 21, 2024 and December 3, 2024 , pass product sales trends improved relative to pass product sales through September 20, 2024 , with unit growth of approximately 1% and sales dollars growth of approximately 7% as compared to the period in the prior year from September 23, 2023 through December 4, 2023 , due to expected renewal strength, which we believe reflects delayed decision making. "Our North American pass sales highlight strong loyalty with growth among renewing pass holders across all geographies. For the full selling season, the Company acquired a substantial number of new pass holders, however the absolute number of new guests was smaller compared to the prior year, driving the overall unit decline for the full selling season. New pass holders come from lapsed guests, prior year lift ticket guests, and new guests to our database. The Company achieved growth from lapsed guests, who previously purchased a pass or lift ticket but did not buy a pass or lift ticket in the previous season. The decline in new pass holders compared to the prior year was driven by fewer guests who purchased lift tickets in the past season and from guests who are completely new to our database, which we believe was impacted by last season's challenging weather and industry normalization. Epic Day Pass products achieved unit growth driven by the strength in renewing pass holders. We expect to have approximately 2.3 million guests committed to our 42 North American, Australian, and European resorts in advance of the season in non-refundable advance commitment products this year, which are expected to generate over $975 million of revenue and account for approximately 75% of all skier visits (excluding complimentary visits)." Lynch continued, "Heading into the 2024/2025 ski season, we are encouraged by our strong base of committed guests, providing meaningful stability for our Company. Additionally, early season conditions have allowed us to open some resorts earlier than anticipated, including Whistler Blackcomb, Heavenly, Northstar, Kirkwood, and Stevens Pass. Early season conditions have also enabled our Rockies resorts to open with significantly improved terrain relative to the prior year, including the opening of the legendary back bowls at Vail Mountain opening the earliest since 2018. Our resorts in the East are experiencing typical seasonal variability for this point in the year, with all resorts planned to open ahead of the holidays. We are continuing to hire for the winter season, and are on track with our staffing plans and have achieved a strong return rate of our frontline employees from the prior season. Lodging bookings at our U.S. resorts for the upcoming season are consistent with last year. At Whistler Blackcomb, lodging bookings for the full season are lagging prior year levels, which may reflect delayed decision making following challenging conditions in the prior year." Operating Results A more complete discussion of our operating results can be found within the Management's Discussion and Analysis of Financial Condition and Results of Operations section of the Company's Form 10-Q for the first fiscal quarter ended October 31, 2024 , which was filed today with the Securities and Exchange Commission. The following are segment highlights: Mountain Segment Lodging Segment Resort - Combination of Mountain and Lodging Segments Real Estate Segment Total Performance Outlook The Company's Resort Reported EBITDA guidance for the year ending July 31, 2025 is unchanged from the prior guidance provided on September 26, 2024 . The Company is updating its guidance for net income attributable to Vail Resorts, Inc., which it now expects to be between $240 million and $316 million , up from the prior guidance range of $224 million to $300 million . The primary difference is due to a $17 million increase from the gain on sale of real property related to the resolution of the October 2023 Eagle County District Court final ruling and valuation regarding the Town of Vail's condemnation of the Company's East Vail property that was planned for Vail Resorts' incremental affordable workforce housing project, a transaction that has been recorded as Real Estate Reported EBITDA. Additionally, the guidance is updated to include a decrease in expected interest expense of approximately $2 million which assumes that interest rates remain at current levels for the remainder of fiscal 2025. These changes have no impact on expected Resort Reported EBITDA. The Company continues to expect Resort Reported EBITDA for fiscal 2025 to be between $838 million and $894 million , including approximately $27 million of cost efficiencies and an estimated $15 million in one-time costs related to the multi-year resource efficiency transformation plan, and an estimated $1 million of acquisition and integration related expenses specific to Crans-Montana. As compared to fiscal 2024, the fiscal 2025 guidance includes the assumed benefit of a return to normal weather conditions after the challenging conditions in fiscal 2024, more than offset by a return to normal operating costs and the impact of the continued industry normalization, impacting demand. Additionally, the guidance reflects the negative impact from the record low snowfall and related shortened season in Australia in the first quarter of fiscal 2025, which negatively impacted demand and resulted in a $9 million decline of Resort Reported EBITDA compared to the prior year period. After considering these items, we expect Resort Reported EBITDA to grow from price increases and ancillary spending, the resource efficiency transformation plan, and the addition of Crans-Montana for the full year. The guidance also assumes (1) a continuation of the current economic environment, (2) normal weather conditions for the 2024/2025 North American and European ski season and the 2025 Australian ski season, and (3) the foreign currency exchange rates as of our original fiscal 2025 guidance issued September 26, 2024 . Foreign currency exchange rates have experienced recent volatility. Relative to the current guidance, if the currency exchange rates as of yesterday, December 8, 2024 of $0.71 between the Canadian Dollar and U.S. Dollar related to the operations of Whistler Blackcomb in Canada , $0.64 between the Australian Dollar and U.S. Dollar related to the operations of Perisher, Falls Creek and Hotham in Australia , and $1.14 between the Swiss Franc and U.S. Dollar related to the operations of Andermatt-Sedrun and Crans-Montana in Switzerland were to continue for the remainder of the fiscal year, the Company expects this would have an impact on fiscal 2025 guidance of approximately negative $5 million for Resort Reported EBITDA. The following table reflects the forecasted guidance range for the Company's fiscal year ending July 31, 2025 for Total Reported EBITDA (after stock-based compensation expense) and reconciles net income attributable to Vail Resorts, Inc. guidance to such Total Reported EBITDA guidance. Fiscal 2025 Guidance (In thousands) For the Year Ending July 31, 2025 (6) Low End High End Range Range Net income attributable to Vail Resorts, Inc. $ 240,000 $ 316,000 Net income attributable to noncontrolling interests 23,000 17,000 Net income 263,000 333,000 Provision for income taxes (1) 91,000 115,000 Income before income taxes 354,000 448,000 Depreciation and amortization 295,000 279,000 Interest expense, net 174,000 166,000 Other (2) 21,000 13,000 Total Reported EBITDA $ 844,000 $ 906,000 Mountain Reported EBITDA (3) $ 818,000 $ 872,000 Lodging Reported EBITDA (4) 16,000 26,000 Resort Reported EBITDA (5) 838,000 894,000 Real Estate Reported EBITDA 6,000 12,000 Total Reported EBITDA $ 844,000 $ 906,000 (1) The provision for income taxes may be impacted by excess tax benefits primarily resulting from vesting and exercises of equity awards. Our estimated provision for income taxes does not include the impact, if any, of unknown future exercises of employee equity awards, which could have a material impact given that a significant portion of our awards may be in-the-money depending on the current value of the stock price. (2) Our guidance includes certain forward looking known changes in the fair value of the contingent consideration based solely on the passage of time and resulting impact on present value. Guidance excludes any forward looking change based upon, among other things, financial projections including long-term growth rates for Park City, which such change may be material. Separately, the intercompany loan associated with the Whistler Blackcomb transaction requires foreign currency remeasurement to Canadian dollars, the functional currency of Whistler Blackcomb. Our guidance excludes any forward looking change related to foreign currency gains or losses on the intercompany loans, which such change may be material. Additionally, our guidance excludes the impact of any future sales or disposals of land or other assets which are contingent upon future approvals or other outcomes. (3) Mountain Reported EBITDA also includes approximately $25 million of stock-based compensation. (4) Lodging Reported EBITDA also includes approximately $4 million of stock-based compensation. (5) The Company provides Reported EBITDA ranges for the Mountain and Lodging segments, as well as for the two combined. The low and high of the expected ranges provided for the Mountain and Lodging segments, while possible, do not sum to the high or low end of the Resort Reported EBITDA range provided because we do not expect or assume that we will hit the low or high end of both ranges. (6) Guidance estimates are predicated on an exchange rate of $0.74 between the Canadian dollar and U.S. dollar, related to the operations of Whistler Blackcomb in Canada; an exchange rate of $0.67 between the Australian dollar and U.S. dollar, related to the operations of our Australian ski areas; and an exchange rate of $1.18 between the Swiss franc and U.S. dollar, related to the operations of Andermatt-Sedrun and Crans-Montana in Switzerland. Liquidity and Return of Capital As of October 31, 2024 , the Company's total liquidity as measured by total cash plus revolver availability was approximately $1,024 million . This includes $404 million of cash on hand, $407 million of U.S. revolver availability under the Vail Holdings Credit Agreement, and $213 million of revolver availability under the Whistler Credit Agreement. As of October 31, 2024 , the Company's Net Debt was 2.8 times its trailing twelve months Total Reported EBITDA. Regarding the return of capital to shareholders, the Company declared a quarterly cash dividend of $2.22 per share of Vail Resorts' common stock payable on January 9, 2025 to shareholders of record as of December 26 , 2024. In addition, the Company repurchased approximately 0.1 million shares during the quarter at an average price of approximately $174 for a total of $20 million . The Company has 1.6 million shares remaining under its authorization for share repurchases. Commenting on capital allocation, Lynch said, "We will continue to be disciplined stewards of our shareholders' capital, prioritizing investments in our guest and employee experience, high-return capital projects, strategic acquisition opportunities, and returning capital to our shareholders. The Company has a strong balance sheet and remains focused on returning capital to shareholders while always prioritizing the long-term value of our shares." Capital Investments Vail Resorts is committed to enhancing the guest experience and supporting the Company's growth strategies through significant capital investments. For calendar year 2025, the Company plans to invest approximately $198 million to $203 million in core capital, before $45 million of growth capital investments at its European resorts, including $41 million at Andermatt-Sedrun and $4 million at Crans-Montana, and $6 million of real estate related capital projects to complete multi-year transformational investments at the key base area portals of Breckenridge Peak 8 and Keystone River Run, and planning investments to support the development of the West Lionshead area into a fourth base village at Vail Mountain. Including European growth capital investments, and real estate related capital, the Company plans to invest approximately $249 million to $254 million in calendar year 2025. Projects in the calendar year 2025 capital plan described herein remain subject to approvals. In calendar year 2025, the Company will embark on two multi-year transformational investment plans at Park City Mountain and Vail Mountain. In addition to embarking on two multi-year transformational investment plans, the Company is planning significant investments across the guest experience in calendar year 2025, including: In addition to the investments planned for calendar year 2025, the Company is completing significant investments that will enhance the guest experience for the upcoming 2024/2025 North American and European ski season. As previously announced, the Company expects its capital plan for calendar year 2024 to be approximately $189 million to $194 million , excluding $13 million of incremental capital investments in premium fleet and fulfillment infrastructure to support the official launch of My Epic Gear for the 2024/2025 winter season at 12 destination and regional resorts across North America , $7 million of growth capital investments at Andermatt-Sedrun, $2 million of maintenance and $2 million of integration investments at Crans-Montana, and $3 million of reimbursable capital. Including these one-time investments, the Company's total capital plan for calendar year 2024 is now expected to be approximately $216 million to $221 million . Earnings Conference Call The Company will conduct a conference call today at 5:00 p.m. eastern time to discuss the financial results. The call will be webcast and can be accessed at www.vailresorts.com in the Investor Relations section, or dial (800) 579-2543 (U.S. and Canada ) or +1 (785) 424-1789 (international). The conference ID is MTNQ125. A replay of the conference call will be available two hours following the conclusion of the conference call through December 16, 2024 , at 11:59 p.m. eastern time . To access the replay, dial (800) 753-9146 (U.S. and Canada ) or +1 (402) 220-2705 (international). The conference call will also be archived at www.vailresorts.com . About Vail Resorts, Inc. (NYSE: MTN) Vail Resorts is a network of the best destination and close-to-home ski resorts in the world including Vail Mountain, Breckenridge , Park City Mountain, Whistler Blackcomb, Stowe, and 32 additional resorts across North America ; Andermatt-Sedrun and Crans-Montana Mountain Resort in Switzerland ; and Perisher, Hotham, and Falls Creek in Australia . We are passionate about providing an Experience of a Lifetime to our team members and guests, and our EpicPromise is to reach a zero net operating footprint by 2030, support our employees and communities, and broaden engagement in our sport. Our company owns and/or manages a collection of elegant hotels under the RockResorts brand, a portfolio of vacation rentals, condominiums and branded hotels located in close proximity to our mountain destinations, as well as the Grand Teton Lodge Company in Jackson Hole, Wyo. Vail Resorts Retail operates more than 250 retail and rental locations across North America . Learn more about our company at www.VailResorts.com , or discover our resorts and pass options at www.EpicPass.com . Forward-Looking Statements Certain statements discussed in this press release and on the conference call, other than statements of historical information, are forward-looking statements within the meaning of the federal securities laws, including the statements regarding fiscal 2025 performance and the assumptions related thereto, including, but not limited to, our expected net income and Resort Reported EBITDA; our expectations regarding our liquidity; expectations related to our season pass products; our expectations regarding our ancillary lines of business; capital investment projects; our calendar year 2025 capital plan; our expectations regarding our resource efficiency transformation plan; and the payment of dividends. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties include but are not limited to risks related to a prolonged weakness in general economic conditions, including adverse effects on the overall travel and leisure related industries and our business and results of operations; risks associated with the effects of high or prolonged inflation, elevated interest rates and financial institution disruptions; unfavorable weather conditions or the impact of natural disasters or other unexpected events; the ultimate amount of refunds that we could be required to refund to our pass product holders for qualifying circumstances under our Epic Coverage program; the willingness or ability of our guests to travel due to terrorism, the uncertainty of military conflicts or public health emergencies, and the cost and availability of travel options and changing consumer preferences, discretionary spending habits; risks related to travel and airline disruptions, and other adverse impacts on the ability of our guests to travel; risks related to interruptions or disruptions of our information technology systems, data security or cyberattacks; risks related to our reliance on information technology, including our failure to maintain the integrity of our customer or employee data and our ability to adapt to technological developments or industry trends; our ability to acquire, develop and implement relevant technology offerings for customers and partners; the seasonality of our business combined with adverse events that may occur during our peak operating periods; competition in our mountain and lodging businesses or with other recreational and leisure activities; risks related to the high fixed cost structure of our business; our ability to fund resort capital expenditures, or accurately identify the need for, or anticipate the timing of certain capital expenditures; risks related to a disruption in our water supply that would impact our snowmaking capabilities and operations; our reliance on government permits or approvals for our use of public land or to make operational and capital improvements; risks related to resource efficiency transformation initiatives; risks related to federal, state, local and foreign government laws, rules and regulations, including environmental and health and safety laws and regulations; risks related to changes in security and privacy laws and regulations which could increase our operating costs and adversely affect our ability to market our products, properties and services effectively; potential failure to adapt to technological developments or industry trends regarding information technology; our ability to successfully launch and promote adoption of new products, technology, services and programs; risks related to our workforce, including increased labor costs, loss of key personnel and our ability to maintain adequate staffing, including hiring and retaining a sufficient seasonal workforce; our ability to successfully integrate acquired businesses, including their integration into our internal controls and infrastructure; our ability to successfully navigate new markets, including Europe , or that acquired businesses may fail to perform in accordance with expectations; a deterioration in the quality or reputation of our brands, including our ability to protect our intellectual property and the risk of accidents at our mountain resorts; risks related to scrutiny and changing expectations regarding our environmental, social and governance practices and reporting; risks associated with international operations, including fluctuations in foreign currency exchange rates where the Company has foreign currency exposure, primarily the Canadian and Australian dollars and the Swiss franc, as compared to the U.S. dollar; changes in tax laws, regulations or interpretations, or adverse determinations by taxing authorities; risks related to our indebtedness and our ability to satisfy our debt service requirements under our outstanding debt including our unsecured senior notes, which could reduce our ability to use our cash flow to fund our operations, capital expenditures, future business opportunities and other purposes; a materially adverse change in our financial condition; adverse consequences of current or future litigation and legal claims; changes in accounting judgments and estimates, accounting principles, policies or guidelines; and other risks detailed in the Company's filings with the Securities and Exchange Commission, including the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended July 31, 2024 , which was filed on September 26, 2024 . All forward-looking statements attributable to us or any persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. All guidance and forward-looking statements in this press release are made as of the date hereof and we do not undertake any obligation to update any forecast or forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by law. Statement Concerning Non-GAAP Financial Measures When reporting financial results, we use the terms Resort Reported EBITDA, Total Reported EBITDA, Resort EBITDA Margin, Net Debt and Net Real Estate Cash Flow, which are not financial measures under accounting principles generally accepted in the United States of America ("GAAP"). Resort Reported EBITDA, Total Reported EBITDA, Resort EBITDA Margin, Net Debt and Net Real Estate Cash Flow should not be considered in isolation or as an alternative to, or substitute for, measures of financial performance or liquidity prepared in accordance with GAAP. In addition, we report segment Reported EBITDA (i.e. Mountain, Lodging and Real Estate), the measure of segment profit or loss required to be disclosed in accordance with GAAP. Accordingly, these measures may not be comparable to similarly-titled measures of other companies. Additionally, with respect to discussion of impacts from currency, the Company calculates the impact by applying current period foreign exchange rates to the prior period results, as the Company believes that comparing financial information using comparable foreign exchange rates is a more objective and useful measure of changes in operating performance. Reported EBITDA (and its counterpart for each of our segments) has been presented herein as a measure of the Company's performance. The Company believes that Reported EBITDA is an indicative measurement of the Company's operating performance, and is similar to performance metrics generally used by investors to evaluate other companies in the resort and lodging industries. The Company defines Resort EBITDA Margin as Resort Reported EBITDA divided by Resort net revenue. The Company believes Resort EBITDA Margin is an important measurement of operating performance. The Company believes that Net Debt is an important measurement of liquidity as it is an indicator of the Company's ability to obtain additional capital resources for its future cash needs. Additionally, the Company believes Net Real Estate Cash Flow is important as a cash flow indicator for its Real Estate segment. See the tables provided in this release for reconciliations of our measures of segment profitability and non-GAAP financial measures to the most directly comparable GAAP financial measures. Vail Resorts, Inc. Consolidated Condensed Statements of Operations (In thousands, except per share amounts) (Unaudited) Three Months Ended October 31, 2024 2023 Net revenue: Mountain and Lodging services and other $ 187,050 $ 182,834 Mountain and Lodging retail and dining 73,162 71,442 Resort net revenue 260,212 254,276 Real Estate 63 4,289 Total net revenue 260,275 258,565 Segment operating expense: Mountain and Lodging operating expense 266,264 255,576 Mountain and Lodging retail and dining cost of products sold 28,947 31,295 General and administrative 106,857 108,025 Resort operating expense 402,068 394,896 Real Estate operating expense 1,491 5,181 Total segment operating expense 403,559 400,077 Other operating (expense) income: Depreciation and amortization (71,633) (66,728) Gain on sale of real property 16,506 6,285 Change in estimated fair value of contingent consideration (2,079) (3,057) Loss on disposal of fixed assets and other, net (1,529) (2,043) Loss from operations (202,019) (207,055) Mountain equity investment income, net 2,151Holly Valance’s husband is to become Reform UK’s treasurer, after renouncing his Conservative Party membership over what he described as “too many broken promises.” Billionaire property tycoon Nick Candy accused the Tories of a “complete breach of trust with the wealth creators in our country” and said he would take up the fundraising role in the new year. Ms Valance is also a prominent Reform backer. The Australian- British actress and singer was pictured with her husband, Donald Trump and party leader Nigel Farage at the US president-elect’s Mar-a-Lago resort in 2022. Reform has been buoyed by a series of Tory defections, including former minister Andrea Jenkyns, and described Mr Candy’s appointment as its “latest coup” as it prepares for the local elections in May. Mr Candy said: “I have today resigned my membership of the Conservative Party after many years of active support and substantial donations to the party. “I am sorry to say there have been too many broken promises and a complete breach of trust with the wealth creators in our country. “Nigel Farage is a close personal friend of mine, and Reform UK represents the future of British politics. “I am pleased to announce that I will now become the treasurer for Reform UK and intend to raise enough funds for them to win the next general election. “I will take up the role in the new year.” Reform leader Nigel Farage MP said: “I warmly welcome this decision. We are the fastest-growing movement in British politics today and Nick’s efforts will help Reform UK transform our country.”CleanSpark, Inc. Announces Proposed Private Offering of $550 Million of Convertible Notes
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The underlying reason for this slide continuing was a problem long before that. An offense led by dynamic rookie quarterback Jayden Daniels that was among the NFL's best for a long stretch of the season put up just nine points and 169 yards for the first three-plus quarters against Dallas before falling behind 20-9 and teeing off on the Cowboys' conservative defense. “We just couldn’t really get it going,” said receiver Terry McLaurin , whose lengthy touchdown with 21 seconds left masked that he had just three catches for 16 yards through three quarters. “We’ve got to find a way to start faster and sustain drives, and that’s everybody: the whole coaching staff and the offensive players just going out there and figuring out ways that we can stay on the field.” This is not a new problem for Washington, which had a season-low 242 yards in a Nov. 10 home loss to Pittsburgh and 264 yards four days later in a defeat at Philadelphia. Since returning from a rib injury that knocked him out of a game last month, Daniels has completed just under 61% of his passes, after 75.6% over his first seven professional starts. Daniels and coach Dan Quinn have insisted this isn't about injury. The coaching staff blamed a lack of adequate practice time, but a full week of it before facing the Cowboys did not solve the problem. It is now fair to wonder if opponents have seen enough film of offensive coordinator Kliff Kingsbury's system to figure it out. “I think teams and coordinators are going to see what other teams have success against us and try to figure out how they could incorporate that into their scheme," Daniels said after going 12 of 22 for 80 yards passing through three quarters in the Dallas game. "We’ve been in third and longer a lot these past couple games, so that’s kind of where you get into the exotic pressures and stuff like that. We’ve just got to be better on first and second downs and stay ahead of the chains.” Daniels has a point there, and it predates this losing streak. The Commanders have converted just 36% of third-down opportunities (27 for 75) over their past seven games after 52% (31 for 60) in their first five. That challenge doesn't get any easier with Tennessee coming to town Sunday. The Titans, despite being 3-8, have the second-best third-down defense in the league at 31.6%. The defense kept the Commanders in the game against Dallas, allowing just 10 points until the fourth quarter and 20 total before kickoff return touchdowns piled on to the other side of the scoreboard. Even Cooper Rush's 22-yard touchdown pass to Luke Schoonmaker with five minutes left came after a turnover that gave the Cowboys the ball at the Washington 44. The defense spending more than 35 minutes on the field certainly contributed to fatigue as play wore on. The running game that contributed to a 7-2 start has taken a hit, in part because of injuries to top back Brian Robinson Jr. The Commanders got 145 yards on the ground because Daniels had 74 on seven carries, but running backs combined for just 57. Daniels could not say how much the rushing attack stalling has contributed to the offense going stagnant. “You’ve got to be able to run the ball, keep the defense honest,” he said. "We got to execute the plays that are called in, and we didn’t do a good job of doing that.” Linebacker Frankie Luvu keeps making the case to be first-year general manager Adam Peters' best free agent signing. He and fellow offseason addition Bobby Wagner tied for a team-high eight tackles, and Luvu also knocked down three passes against Dallas. Kicker Austin Seibert going wide left on the point-after attempt that would have tied the score with 21 seconds left was his third miss of the game. He also was short on a 51-yard field goal attempt and wide left on an earlier extra point. Seibert, signed a week into the season after Cade York struggled in the opener, made 25 of 27 field goal tries and was 22 of 22 on extra points before injuring his right hip and missing the previous two games. He brushed off his health and the low snap from Tyler Ott while taking responsibility for not connecting. “I made the decision to play, and here we are,” Seibert said. “I just wasn’t striking it well. But it means a lot to me to be here with these guys, so I just want to put my best foot moving forward.” Robinson's sprained ankle and fellow running back Austin Ekeler's concussion from a late kickoff return that led to him being hospitalized for further evaluation are two major immediate concerns. Quinn said Monday that Ekeler and starting right tackle Andrew Wylie are in concussion protocol. It's unclear if Robinson will be available against Tennessee, which could mean Chris Rodriguez Jr. getting elevated from the practice squad to split carries with Jeremy McNichols. The Commanders still have not gotten cornerback Marshon Lattimore into a game since acquiring him at the trade deadline from New Orleans. Lattimore is trying to return from a hamstring injury, and the secondary could use him against Calvin Ridley, who's coming off a 93-yard performance at Houston. 17 — Handoffs to a running back against Dallas, a significant decrease from much of the season before this losing streak. Don't overlook the Titans with the late bye week coming immediately afterward. The Commanders opened as more than a touchdown favorite, but after the results over the weekend, BetMGM Sportsbook had it as 5 1/2 points Monday. AP NFL: https://apnews.com/hub/nflCOLUMBUS, Ohio (AP) — Will Howard passed for two touchdowns and rushed for another, TreVeyon Henderson ran for a score and No. 2 Ohio State beat previously undefeated No. 5 Indiana 38-15 on Saturday. All Ohio State (10-1, 7-1 Big Ten, CFP No. 2) has to do now is beat Michigan at home next Saturday and it will earn a return to the Big Ten championship game for the first time since 2020 and get a rematch with No. 1 Oregon. The Ducks beat Ohio State 32-31 in a wild one back on Oct. 12. The Hoosiers (10-1, 7-1, No. 5 CFP) had their best chance to beat the Buckeyes for the first time since 1988 but were hurt by special teams mistakes and disrupted by an Ohio State defence that sacked Canadian quarterback Kurtis Rourke five times. “In life, all good things come to an end,” Indiana coach Curt Cignetti said. Late in the first half, Indiana punter James Evans fumbled a snap and was buried at his own 7-yardline with the Buckeyes taking over. That turned quickly into a 4-yard TD run by Henderson that gave the Buckeyes a 14-7 lead. Early in the second half, Caleb Downs fielded an Evans punt at the Ohio State 21, raced down the right sideline, cut to the middle and outran the coverage for a TD that put the Buckeyes up 21-7. It was the first time a Buckeye returned a punt for a touchdown since 2014. Howard finished 22 for 26 for 201 yards. Emeka Egbuka had seven catches for 80 yards and a TD. “Our guys just played with a chip today, and that’s the way you got to play the game of football,” Ohio State coach Ryan Day said. Indiana scored on its first possession of the game and its last, both short runs by Ty Son Lawson, who paced the Hoosiers with 79 rushing yards. Rourke, a 24-year-old from Oakville, Ont., is the brother of BC Lions QB Nathan Rourke. He was 8 for 18 for 68 yards. “We had communication errors, pass (protection), every time we dropped back to pass, something bad happened," Cignetti said. Indiana's 151 total yards was its lowest of the season. And it was the most points surrendered by the Hoosier's defence. The takeaway Indiana: Its special season was blemished by the Buckeyes, who beat the Hoosiers for the 30th straight time. Indiana was eyeing its first conference crown since sharing one with two other teams in 1967. That won't happen now. “Ohio State deserved to win,” Cignetti said. “They had those (third quarter scores), and we just couldn’t respond.” Ohio State: Didn't waste the opportunities presented by the Hoosiers when they got sloppy. The Buckeyes led 14-7 at the break and took control in the second half. An offensive line patched together because of multiple injuries performed surprisingly well. “We know what was at stake," Day said. “We don't win this game, and we have no chance to go to Indianapolis and play in the Big Ten championship. And that's real. We've had that approach for the last few weeks now, more than that.” Poll implications Some voters were obviously unsure of Indiana because it hadn't played a nationally ranked team before Ohio State. After this one, the Hoosiers will drop. All about Will Howard made history by completing 80% of his passes for the sixth time this season. No other Ohio State quarterback has done that. He completed his first 14 passes in a row and finished with a 85% completion rate. “I think Buckeye nation is now seeing, after 11 games, that this guy is a winner, he's tough, he cares about his teammates, he's a leader,” Day said. Up next Indiana hosts Purdue in the regular-season finale next Saturday. Ohio State hosts rival Michigan on Saturday. ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football Mitch Stacy, The Associated PressPittsburgh Steelers vs. Philadelphia Eagles: This expert prediction includes our best bet of the game. AP Pat Sharyon | Special Correspondent The Pittsburgh Steelers will face in-state rival and fellow Super Bowl contender Philadelphia Eagles at Lincoln Financial Field on Sunday at 4:25 p.m. EST. While Russell Wilson and the Steelers have been the surprise of the 2024 NFL season, outpacing all expectations with complementary football on both sides of the ball, the Eagles’ success has come as a shock to no one. Having won nine straight contests heading into Sunday’s massive showdown, The Birds look like the team to beat in the NFC (sorry, Lions fans). The experts agree: our best bet for this game is Eagles moneyline (-225). Ahead of this clash of the Keystone State, the data analysts at Dimers.com have simulated the game 10,000 times, and then compared these results to current NFL betting odds to inform the data-driven betting preview provided to you below. This preview includes Dimers’ best bets and predicted scoreline for Pittsburgh Steelers vs. Philadelphia Eagles. To unlock Dimers’ full suite of data-driven betting insights, which includes daily props, trends, and parlays, sign up for Dimers Pro with promo code SYRACUSE10 , which will save you 10% off your first subscription payment. Bet365 is now operating in the state of Pennsylvania, making this the perfect chance for both Steelers and Eagles fans to claim huge betting bonuses with our brand new exclusive bet365 bonus code “SYRACUSE”, while sports fans in New York State can take full advantage of our NBA League Pass FanDuel promo code. Additionally, bettors are encouraged to check out this exclusive promo offer from DraftKings and BetMGM. Steelers vs. Eagles betting preview Explore the interactive widget below to discover the current spread, total, and moneyline odds and probabilities for the Steelers-Eagles game at Lincoln Financial Field. This prediction and best bet for Sunday’s NFL matchup between the Steelers and Eagles is from Dimers.com , a trusted source for sports betting predictions. Check out all the important details on today’s game, as well as the best odds sourced from the top sportsbooks in the country. Game details The key information you need before the Steelers vs. Eagles NFL game. Teams: Pittsburgh Steelers vs. Philadelphia Eagles Date: Sunday, December 15, 2024 Kickoff: 4:25 p.m. EST Location: Lincoln Financial Field NFL standings: Current NFL division standings NFL injuries: Check the latest updates to the official NFL injury report Odds Odds for the key markets in the Steelers-Eagles NFL clash. Spread: Steelers +5.5 (-110), Eagles -5.5 (-108) Moneyline: Steelers +205, Eagles -225 Total: Over/Under 42.5 (-115/-105) The odds and lines featured here are the best available from selected sports betting sites at the time of publication and are subject to change. Expert prediction: Steelers vs. Eagles Leveraging cutting-edge data analysis and advanced algorithms, the experts at Dimers have executed 10,000 simulations of Sunday’s Steelers vs. Eagles matchup. According to Dimers’ famous predictive analytics model, the Eagles are more likely to beat the Steelers at Lincoln Financial Field. This prediction is based on the model giving the Eagles a 71% chance of winning the game. Furthermore, Dimers predicts that the bookmakers have got it right and the Steelers and Eagles each have a 50% chance of covering the spread, while the 42.5-point over/under has a 51% chance of going over. As always, these predictions and probabilities are correct at the time of publication but are subject to potential changes. Steelers vs. Eagles best bet Our top pick for the Steelers vs. Eagles Week 15 NFL matchup is to bet on the Eagles moneyline (-225) . This expert betting advice is based on cutting-edge modeling and valuable wagering intelligence, designed to bring you the best possible plays. Score prediction for Steelers vs. Eagles Dimers’ projected final score for the Pittsburgh vs. Philadelphia game on Sunday has the Eagles winning 24-18. This expert prediction is based on each team’s average score following 10,000 game simulations, offering a glimpse into the potential outcome. NFL player props: Sunday NFL player props are an enjoyable way to wager on Sunday’s game without necessarily betting on its outcome. This article features the most likely first and anytime touchdown scorers for the Steelers and Eagles, as well as projected player stats. Pittsburgh Steelers First touchdown scorer predictions Najee Harris: 7.9% probability Jaylen Warren: 6.9% probability Mike Williams: 5.2% probability Anytime touchdown predictions Najee Harris: 33.5% probability Jaylen Warren: 31.1% probability Mike Williams: 23.0% probability Projected box score leaders QB passing yards: Russell Wilson , 192 yards Receiving yards: Mike Williams , 39 yards Rushing yards: Najee Harris , 59 yards Philadelphia Eagles First touchdown scorer predictions Saquon Barkley: 16.8% probability Jalen Hurts: 13.0% probability A.J. Brown: 8.0% probability Anytime touchdown predictions Saquon Barkley: 60.3% probability Jalen Hurts: 49.9% probability A.J. Brown: 32.9% probability Projected box score leaders QB passing yards: Jalen Hurts , 220 yards Receiving yards: A.J. Brown , 56 yards Rushing yards: Saquon Barkley , 103 yards NFL Week 15: Steelers vs. Eagles Get ready for Sunday’s game between the Steelers and Eagles in Week 15 of the NFL season at Lincoln Financial Field, which is scheduled to start at 4:25 p.m. EST. We emphasize that all of the NFL best bets and NFL predictions in this article are derived from 10,000 data-driven simulations of the Steelers vs. Eagles game, and they are correct at the time of publishing to help you make better decisions when placing bets at online sportsbooks . Please note that when engaging in online betting, it is important to exercise responsible gambling practices and seek reputable sources for accurate and up-to-date information. 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LANDOVER, Md. (AP) — Allowing two kickoff return touchdowns and missing an extra point all in the final few minutes added up to the Washington Commanders losing a third consecutive game in excruciating fashion. The underlying reason for this slide continuing was a problem long before that. An offense led by dynamic rookie quarterback Jayden Daniels that was among the NFL's best for a long stretch of the season put up just nine points and 169 yards for the first three-plus quarters against Dallas before falling behind 20-9 and teeing off on the Cowboys' conservative defense. “We just couldn’t really get it going,” said receiver Terry McLaurin , whose lengthy touchdown with 21 seconds left masked that he had just three catches for 16 yards through three quarters. “We’ve got to find a way to start faster and sustain drives, and that’s everybody: the whole coaching staff and the offensive players just going out there and figuring out ways that we can stay on the field.” This is not a new problem for Washington, which had a season-low 242 yards in a Nov. 10 home loss to Pittsburgh and 264 yards four days later in a defeat at Philadelphia. Since returning from a rib injury that knocked him out of a game last month, Daniels has completed just under 61% of his passes, after 75.6% over his first seven professional starts. Daniels and coach Dan Quinn have insisted this isn't about injury. The coaching staff blamed a lack of adequate practice time, but a full week of it before facing the Cowboys did not solve the problem. It is now fair to wonder if opponents have seen enough film of offensive coordinator Kliff Kingsbury's system to figure it out. “I think teams and coordinators are going to see what other teams have success against us and try to figure out how they could incorporate that into their scheme," Daniels said after going 12 of 22 for 80 yards passing through three quarters in the Dallas game. "We’ve been in third and longer a lot these past couple games, so that’s kind of where you get into the exotic pressures and stuff like that. We’ve just got to be better on first and second downs and stay ahead of the chains.” Daniels has a point there, and it predates this losing streak. The Commanders have converted just 36% of third-down opportunities (27 for 75) over their past seven games after 52% (31 for 60) in their first five. That challenge doesn't get any easier with Tennessee coming to town Sunday. The Titans, despite being 3-8, have the second-best third-down defense in the league at 31.6%. The defense kept the Commanders in the game against Dallas, allowing just 10 points until the fourth quarter and 20 total before kickoff return touchdowns piled on to the other side of the scoreboard. Even Cooper Rush's 22-yard touchdown pass to Luke Schoonmaker with five minutes left came after a turnover that gave the Cowboys the ball at the Washington 44. The defense spending more than 35 minutes on the field certainly contributed to fatigue as play wore on. The running game that contributed to a 7-2 start has taken a hit, in part because of injuries to top back Brian Robinson Jr. The Commanders got 145 yards on the ground because Daniels had 74 on seven carries, but running backs combined for just 57. Daniels could not say how much the rushing attack stalling has contributed to the offense going stagnant. “You’ve got to be able to run the ball, keep the defense honest,” he said. "We got to execute the plays that are called in, and we didn’t do a good job of doing that.” Linebacker Frankie Luvu keeps making the case to be first-year general manager Adam Peters' best free agent signing. He and fellow offseason addition Bobby Wagner tied for a team-high eight tackles, and Luvu also knocked down three passes against Dallas. Kicker Austin Seibert going wide left on the point-after attempt that would have tied the score with 21 seconds left was his third miss of the game. He also was short on a 51-yard field goal attempt and wide left on an earlier extra point. Seibert, signed a week into the season after Cade York struggled in the opener, made 25 of 27 field goal tries and was 22 of 22 on extra points before injuring his right hip and missing the previous two games. He brushed off his health and the low snap from Tyler Ott while taking responsibility for not connecting. “I made the decision to play, and here we are,” Seibert said. “I just wasn’t striking it well. But it means a lot to me to be here with these guys, so I just want to put my best foot moving forward.” Robinson's sprained ankle and fellow running back Austin Ekeler's concussion from a late kickoff return that led to him being hospitalized for further evaluation are two major immediate concerns. Quinn said Monday that Ekeler and starting right tackle Andrew Wylie are in concussion protocol. It's unclear if Robinson will be available against Tennessee, which could mean Chris Rodriguez Jr. getting elevated from the practice squad to split carries with Jeremy McNichols. The Commanders still have not gotten cornerback Marshon Lattimore into a game since acquiring him at the trade deadline from New Orleans. Lattimore is trying to return from a hamstring injury, and the secondary could use him against Calvin Ridley, who's coming off a 93-yard performance at Houston. 17 — Handoffs to a running back against Dallas, a significant decrease from much of the season before this losing streak. Don't overlook the Titans with the late bye week coming immediately afterward. The Commanders opened as more than a touchdown favorite, but after the results over the weekend, BetMGM Sportsbook had it as 5 1/2 points Monday. AP NFL: https://apnews.com/hub/nflPHILADELPHIA , Nov. 22, 2024 /PRNewswire/ -- Independence Blue Cross (IBX) is implementing the Epic Payer Platform with health systems and providers in its network to streamline data exchange, close gaps in care, and improve health outcomes for members. Epic Payer Platform is part of Epic, a global healthcare technology company. The platform helps facilitate data exchange and workflow processes for providers and health plans, giving them the insights they need to make care decisions while also saving them time. "We're excited about the implementation of Epic Payer Platform with Drexel Medicine , Jefferson Health , Main Line Health , and Penn Medicine being the first to join us in this transformation. We look forward to more of our health care partners signing on as well," said Michael Vennera , executive vice president and chief strategy, technology, and operations officer at Independence Blue Cross . "We expect the platform to transform how we coordinate care for our members with automatic sharing of information with our members' doctors. There are also anticipated cost savings to both IBX and the health systems and providers on the platform due to decreasing administrative burden, avoiding unnecessary admissions and emergency department visits, and improving preventive care." Some key improvements that IBX expects to see in the not-so-distant future from this implementation include: Fewer care gaps. The real-time exchange of clinical data helps IBX and its network close care gaps, enhancing member health understanding and improving care quality. More insight into members' health. IBX and its network can access synchronized clinical information in real-time, enhancing healthcare team collaboration and improving patient care strategies and outcomes. Reduced administrative burden. The Epic Payer Platform will make it easier and quicker for IBX and the health systems and providers in its network to communicate and share information, lessening the need for manual exchange of information. Enhanced medication cost transparency. Health Systems and providers will have real-time access to benefits information for IBX members. This will help them have meaningful discussions with patients about how much prescribed medications will cost members and, in some cases, suggest lower-cost alternatives if they are available. Comprehensive patient care journey data. Providing participating health systems and providers with complete and accurate population health analytics to inform health care providers. "The integration of the Epic Payer Platform with Independence Blue Cross will significantly enhance our ability to provide comprehensive and efficient care to our patients, ensuring better health outcomes and streamlined operations," said John S. Potts , DO, FAAFP, assistant chief medical information officer at Main Line Health. In the long-term future, IBX expects its use of Epic Payer Platform to lead to automating prior authorization requests and updates, improving efficiency and reducing delays. Other activities that IBX anticipates happening in the future include: Allowing health systems and providers to verify in-network status and access cost/quality ratings, increasing patient satisfaction and optimizing value-based care. Eliminating the need for manual scanning of physical insurance cards by providing digital ID card access. "We are excited to modernize our partnership with Independence Blue Cross via their Epic Payer Platform integration. These efforts aim to improve patient health outcomes, reduce provider burden, and grow digitally shared patient data," Nathalie S. May , MD, FACP, professor of medicine and chief quality officer at Drexel University College of Medicine. IBX is working with health systems and providers in the region who are already utilizing Epic's EHR system to implement the platform in a phased approach. This implementation of Epic Payer Platform complements IBX's existing work with HealthShare Exchange , a platform that allows health insurers and different types of providers (e.g., community providers, health systems, community-based organizations, etc.), who may or may not use Epic, to share clinical records to make patient care more informed. Member privacy and confidentiality is a top priority for IBX. IBX is working with Epic to safeguard clinical information utilizing physical, administrative, and technical safeguards as required by HIPAA. About Independence Blue Cross: Independence Blue Cross is the leading health insurance organization in southeastern Pennsylvania . For more than 85 years, we have been enhancing the health and well-being of the people and communities we serve. We deliver innovative and competitively priced health care products and services; pioneer new ways to reward doctors, hospitals, and other health care professionals for coordinated, quality care; and support programs and events that promote wellness. To learn more, visit ibx.com . Connect with us on Facebook , LinkedIn , and Instagram . Independence Blue Cross is an independent licensee of the Blue Cross and Blue Shield Association. CONTACT: Diana Quattrone 215-815-7828 (cell) [email protected] SOURCE Independence Blue Cross
Five years ago, hundreds of people crowded the halls of the state Capitol protesting legislation that sought to tighten California’s vaccine rules. Outside, music blasted something about a revolution and people carried signs that read “Vaccine mandates violate bodily autonomy.” From the sea of red-clad protesters emerged a familiar face idolized by the anti-vaccine activists : Robert F. Kennedy Jr. He was the guest of honor in one of the biggest public health showdowns the state has seen in recent years. Ultimately, he and his followers lost — the Legislature passed a law to clamp down on fraudulent or inappropriate medical exemptions for required childhood vaccines. Today, Kennedy finds himself on a bigger stage with potentially far more influence and power. President-elect Donald Trump has nominated the former environmental lawyer turned controversial vaccine critic to oversee the nation’s health policy as secretary of Health and Human Services. He has been known to make false, and at times dangerous, claims about medicine and public health. Perhaps most infamously he linked vaccines to autism — a claim that has been debunked over and over again. Now with Kennedy in the running to lead the federal health department, health leaders and advocates in California and across the country are voicing their concerns and preparing to combat a potential wave of medical disinformation. Having a vaccine skeptic at the helm of the U.S. Health and Human Services agency, some say, could lead to more Americans refusing to be vaccinated and potentially put lives at risk. It could also embolden the anti-vaccine movement in California. Dr. Richard Pan , a pediatrician who as a state senator authored the 2019 medical exemption law and a separate law that eliminated personal belief exemptions for childhood vaccines, said having a health secretary who casts doubt on vaccines is “a danger” and “disturbing.” “I imagine we’re going to see a lot more direct attacks on individual scientists, individual people. I’m anticipating that I’m probably gonna be hoisted somewhere by those guys as well. I don’t think RFK Jr. has forgotten about me yet,” he said. Pan said he’s met Kennedy twice when Kennedy traveled to Sacramento to oppose his bills. Carrying those laws made Pan the subject of harassment and attacks, and at one point an anti-vaccine activist shoved him while Pan was walking in a Sacramento street. At protests, anti-vaccine activists plastered Pan’s face on posters with the word “LIAR” in red letters. Now, people who rallied against his vaccine bills are celebrating Kennedy’s potential spot on Trump’s cabinet, and calling for “justice” via social media posts. In one of their last quarrels, Pan publicly called for Kennedy to be banned from social media platforms when Kennedy promoted COVID disinformation. In response, Kennedy told the Sacramento Bee that Pan’s request for censorship was anti-American. More recently, Kennedy has taken a more measured approach when responding to questions about vaccines. Following Trump’s win he told NBC News that he isn’t looking to take vaccines off the market, but rather is advocating for informed choice. “If vaccines are working for somebody, I’m not going to take them away,” he said. If Kennedy is confirmed as head of Health and Human Services, he would oversee a $1.7 trillion budget and about a dozen agencies. He would be responsible for managing pandemic preparedness, and would be in charge of issues ranging from health insurance to food safety. Experts say that any controversial changes would likely be met with litigation that could slow or derail Kennedy’s proposals. Still, there are several ways anti-vaccine sentiment in the federal government could undermine public health gains in states. For example, school immunization mandates are issued by states and while the federal government cannot directly change those, it could decide to withhold public health funding, such as grants sent to states to help fund vaccination efforts, said Dorit Reiss, a professor at UC Law San Francisco. As health secretary, Kennedy would also have the power to appoint members of an advisory committee that makes recommendations on immunization practices to the U.S. Centers for Disease Control and Prevention. Reiss added that the health secretary also has the power to expedite or limit access to new vaccines, which would become especially important in the case of another pandemic. It is the secretary of Health and Human Services who declares a public health emergency and issues emergency use authorization for unapproved vaccines. When COVID shots were first made available to the public in December 2020, they were allowed under this emergency designation. The U.S. Food and Drug Administration fully approved the vaccine for people 16 and older nine months later. A secretary hostile to vaccines could block or remove the emergency use authorization. That means the vaccine manufacturer “would have to either apply for full approval at the moment or not sell the vaccine,” Reiss said. Kennedy told NBC that he wouldn’t have “directly blocked” the emergency use of COVID-19 vaccines had he been secretary at the time, but rather would have made sure that “we have the best science.” Yet at the height of the pandemic, Kennedy helped fuel mistrust of the coronavirus vaccine. In 2021, he called it the “deadliest vaccine ever made ” in opposition to a Louisiana proposal that would have required school children to be vaccinated against the virus. In 2010, the California Legislature passed a law that added a booster of the pertussis vaccine , which protects against whooping cough, to the immunization schedule for teens to attend school. Catherine Flores Martin, the executive director of California Immunization Coalition, a nonprofit that advocates for vaccines, remembers when lawmakers were considering this bill, roughly about 18 people or so showed up in opposition, she said. Fast-forward to 2015 and 2019, opposition to vaccine legislation evolved into mass protests of hundreds of people. “It’s gotten wild,” Flores Martin said. “The vast majority of parents still vaccinate their children,” she said. “We hear a lot about hesitancy, but hesitancy doesn’t convert into not vaccinating.” In the 2021-22 school year, 94% of California’s kindergarteners had received the required vaccines, the state’s public health department reported. But Flores Martin acknowledges that it has become more challenging to pass vaccine legislation as opposition has become louder in California. She attributes this in part to the growing role of misinformation shared on social media platforms. State public health officials did not respond to an interview request by deadline. The year 2014 was notable in public health for a couple of reasons. That year whooping cough infections peaked, with more than 11,000 cases reported in the state , the most ever. Also, in December of that year, a measles outbreak at Disneyland contributed to the highest number of measles cases reported in the U.S. in two decades. Most of the cases were among unvaccinated children. The outbreak resulted in hospitalizations but no deaths were reported. In California, the vaccine that protects against measles, mumps and rubella is among the required doses for kids to attend school. So is the polio vaccine and the Hepatitis B vaccine, among others. It was this measles outbreak that led the Legislature in 2015 to remove personal belief and religious exemptions for required shots. Then in 2019, lawmakers came back and approved a second law that allowed the state’s Department of Public Health to review and revoke inappropriate medical exemptions . Medical exemptions have to be made by a physician and are reserved for small groups of people, such as those who are allergic to vaccine ingredients. Following the 2019 law, the rate of kindergarteners with medical exemptions decreased to the lowest levels since 2015-16 , according to the state’s public health department. However, research shows that because of disruption in routine doctor visits during the pandemic, the number of kindergarteners who were not up to date on their immunizations ticked up. Health advocates and experts say that it is now more important than ever to instill confidence in vaccines and proven public health measures. Flores Martin said doctors and health advocates will have to band together and push vaccine education to maintain high immunization rates. The messaging matters, she said.B. Metzler seel. Sohn & Co. Holding AG Buys Shares of 59,739 Five9, Inc. (NASDAQ:FIVN)CleanSpark, Inc. Announces Proposed Private Offering of $550 Million of Convertible Notes
Stock market today: Nvidia drags Wall Street lower as oil and gold rise
Trump ally Caitlyn Jenner taunts Kamala Harris
AP Business SummaryBrief at 3:04 p.m. EST
