Vegas Golden Knights goalie Robin Lehner responded to rumors Wednesday that his recent absence from the team was related to his mental health. Lehner revealed it was due to having a concussion, adding "the stigma around mental health is insane."
Vegas Golden Knights goalie Robin Lehner responded to rumors Wednesday that his recent absence from the team was related to his mental health. Lehner revealed it was due to having a concussion, adding "the stigma around mental health is insane."
NASHVILLE, April 12, 2021 (GLOBE NEWSWIRE) -- CapStar Financial Holdings, Inc. (“CapStar”) (NASDAQ: CSTR) announced today that it will issue its first quarter 2021 earnings release after the market closes on April 22, 2021. CapStar will also host a conference call and webcast at 11:00 a.m. Central Time on Friday, April 23, 2021 to discuss its financial results. Analysts and investors may participate in the question-and-answer session. Conference Call and Webcast Information: Date: Friday, April 23, 2021Time: 11:00 a.m. Central TimeTelephone Access: (844) 412-1002; Conference ID: 3558917 Webcast Access: A live webcast will be available on CapStar’s website at www.ir.capstarbank.com. An archived version of the webcast will be available in the same location shortly after the live call has ended. About CapStar Financial Holdings, Inc. CapStar Financial Holdings, Inc. is a bank holding company headquartered in Nashville, Tennessee and operates primarily through its wholly owned subsidiary, CapStar Bank, a Tennessee-chartered state bank. Visit www.capstarbank.com for more information. CONTACT:Denis Duncan, (615) firstname.lastname@example.org
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NVIDIA Ampere Architecture GPUs Provide Computing Power for Professionals to Work from Anywhere New NVIDIA RTX GPUs for professionals Eight new NVIDIA Ampere architecture-based NVIDIA RTX GPUs make it possible for professionals to work from wherever they choose, without sacrificing quality or time. SANTA CLARA, Calif., April 12, 2021 (GLOBE NEWSWIRE) -- GTC -- NVIDIA today announced a range of eight new NVIDIA Ampere architecture GPUs for next-generation laptops, desktops and servers that make it possible for professionals to work from wherever they choose, without sacrificing quality or time. Using the new NVIDIA RTX™ GPUs, artists can create dazzling 3D scenes, designers can iterate on stunning building architecture in real time, and engineers can create groundbreaking products on any system. “Hybrid work is the new normal,” said Bob Pette, vice president of Professional Visualization at NVIDIA. “RTX GPUs, based on the NVIDIA Ampere architecture, provide the performance for demanding workloads from any device so people can be productive from wherever they need to work.” For desktops, the new NVIDIA RTX A5000 and NVIDIA RTX A4000 GPUs feature new RT Cores, Tensor Cores and CUDA® cores to speed AI, graphics and real-time rendering up to 2x faster than previous generations. For professionals on the go needing thin and light devices, the new NVIDIA RTX A2000, NVIDIA RTX A3000, RTX A4000 and RTX A5000 laptop GPUs deliver accelerated performance without compromising mobility. They include the latest generations of Max-Q and RTX technologies and are backed by the NVIDIA Studio™ ecosystem, which includes exclusive driver technology that enhances creative apps for optimal levels of performance and reliability. For the data center, there are the new NVIDIA A10 GPU and A16 GPU. The A10 provides up to 2.5x the virtual workstation performance of the previous generation for designers and engineers, while the A16 GPU provides up to 2x user density with lower total cost of ownership and an enhanced virtual desktop infrastructure experience over the previous generation. Combined with NVIDIA RTX Virtual Workstation (vWS) and NVIDIA Virtual PC (vPC) software, the A10 and A16 GPUs deliver more power, memory and speed to boost any workflow, from graphics and AI to VDI, so users can focus more time on working efficiently and productively. Customer Adoption Among the first to tap into the RTX A5000 is Woods Bagot, a global architectural and consulting practice. “This new NVIDIA Ampere GPU microarchitecture is a huge leap forward. I was shocked by the performance gain I saw with the NVIDIA RTX A5000 versus the equivalent model previous generation RTX when running applications such as Chaos Vantage and NVIDIA Omniverse,” said Robert Cervellione, studio leader of Design Technology at Woods Bagot. “It’s clear the NVIDIA RTX A5000 professional GPU was designed for this intensive multi-tasking compared to game-level cards.” Polaris, a manufacturer of motorcycles, snowmobiles, ATV and electric vehicles, is also using the RTX A5000. “Speed is everything when we need to evaluate new concepts for the most adventurous vehicles, and the NVIDIA RTX A5000 really delivers what we need,” said Erick Green, 3D/CGI lead at Polaris. “The basic viewport rendering is incredibly fast in Octane Render — 5x faster — and unlocks things we couldn’t have even tried before.” “At Important Looking Pirates, we’re constantly pushing creative boundaries, and breakthrough technology is the great enabler,” said Ola Björling, producer of Virtual Production & Real-Time Graphics at Important Looking Pirates. “With the RTX A5000 powering NVIDIA Omniverse, we’re seeing high-end cinematic results in real time that used to take hours per frame.” Next-Generation RTX TechnologyThe new NVIDIA RTX GPUs feature the latest generation of NVIDIA RTX technology to accelerate graphics, ray tracing, AI and compute. The new RTX laptop GPUs also include the latest generation of NVIDIA Max-Q technology, enabling a new generation of powerful thin and light laptops designed for professionals. Additionally, RTX technology powers NVIDIA Omniverse — the only platform that delivers high-performance, physically accurate simulation for complex 3D worlds and true real-time ray- and path-traced rendering with ease. All the NVIDIA RTX GPUs feature the latest technologies in the NVIDIA Ampere architecture: Second-Generation RT Cores: Up to 2x the throughput of the previous generation, with the ability to run concurrent ray tracing, shading and denoising tasks.Third-generation Tensor Cores: Up to 2x the throughput of the previous generation, up to 10x with sparsity, with support for new TF32 and BFloat16 data formats.CUDA Cores: Up to 2.5x the FP32 throughput of the previous generation for significant increases in graphics and compute workloads. Desktop GPU features and technology include: Up to 24GB of GPU memory: Double the memory of the previous generation, the RTX A4000 with 16GB GDDR6 memory and the RTX A5000 with 24GB of GDDR6 memory both support ECC memory for error-free computing. The RTX A5000 is expandable up to 48GB of memory using NVIDIA NVLink® to connect two GPUs.Virtualization: The RTX A5000 supports NVIDIA RTX vWS software for multiple high-performance virtual workstation instances that enable remote users to share resources to drive high-end design, AI and compute workloads.PCIe Gen 4: Doubles the bandwidth of the previous generation and speeds up data transfers for data-intensive tasks such as AI, data science and creating 3D models. Laptop GPU features and technology include: Third-Gen Max-Q technology: For thin and light laptops that perform quieter and more efficiently with Dynamic Boost 2.0, WhisperMode 2.0, Resizable BAR and NVIDIA DLSS technology.Up to 16GB of GPU memory: For the largest models, scenes, assemblies and advanced multi-application workflows. NVIDIA also introduced the NVIDIA T1200 and NVIDIA T600 laptop GPUs, based on its previous-generation Turing architecture. Designed for multi-application professional workflows, these GPUs are a significant upgrade in performance and capabilities from integrated graphics. Availability The new NVIDIA RTX desktop GPUs and NVIDIA data center GPUs will be available from global distribution partners and OEMs starting later this month. The new NVIDIA RTX laptop GPUs will be available in mobile workstations anticipated in Q2 this year from global OEMs. About NVIDIANVIDIA’s (NASDAQ: NVDA) invention of the GPU in 1999 sparked the growth of the PC gaming market and has redefined modern computer graphics, high performance computing and artificial intelligence. The company’s pioneering work in accelerated computing and AI is reshaping trillion-dollar industries, such as transportation, healthcare and manufacturing, and fueling the growth of many others. More information at https://nvidianews.nvidia.com/. For further information, contact:Kasia JohnstonSenior PR ManagerNVIDIA Corporationemail@example.com Certain statements in this press release including, but not limited to, statements as to: the features, performance, benefits, impact and availability of NVIDIA RTX GPUs, the NVIDIA Ampere architecture, and the NVIDIA T1200 and NVIDIA T600 laptop GPUs; and hybrid work as the new normal are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners' products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company's website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances. © 2021 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, CUDA, NVIDIA RTX, NVIDIA Studio and NVLink are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries. MAXQ is the registered trademark of Maxim Integrated Products, Inc. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability and specifications are subject to change without notice. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a037ee71-781f-4932-bdd7-ab2e2ee117da
Volvo Cars said Monday it will use a new generation of high-powered chips from Nvidia Corp to enable more autonomous driving functions in future vehicles, starting next year. Volvo is among a crowd of new and established automakers putting digital processing power ahead of horsepower as they try to catch up with Tesla Inc. For Nvidia, the Volvo agreement, a similar deal with electric vehicle startup Faraday Future, and other agreements expected in the coming weeks mark a reboot of growth for the gaming and data center processor company's automotive business.
Nordic Data Center Operator, Bulk Infrastructure, Accelerates AI and HPC with NVIDIA DGX-Ready Data Centers
PC OEMs seeking to deliver optimal performance and user experience have a new avenue available to them: the unprecedented data transfer rates of the PCIe Gen4 interface standard, which offers double the bandwidth of its PCIe Gen3 predecessor. To make it easy for those companies to take full advantage of this technology, Samsung Electronics announced today the availability of its PM9A1, the world’s first OEM-qualified PCIe Gen4 NVMe Client SSD.
A Rome judge ordered the arrest Monday of an Italian businessman living in London who is a prime suspect in the Vatican’s two-year investigation into the Holy See’s 350-million-euro ($416 million) investment in a London real estate venture. Judge Corrado Cappiello said there was an “absolute concrete” risk that Gianluigi Torzi could commit crimes if he isn’t taken into custody, saying the evidence showed he engaged in a “true economic strategy aimed at defrauding" tax authorities. Vatican prosecutors have accused Torzi of extorting the Holy See of 15 million euros ($17.8 million) to turn over ownership of a luxury London building in which the Vatican's secretariat of state was a majority shareholder.
Experts cite demographic realities of those who were part of the initial rollout but also women’s greater likelihood to seek preventive health care.
One of NC’s top music festivals, canceled in 2020, will move to the fall for this year.
The market for exoskeletons - high-tech external body support systems - is tipped to grow strongly.
NEW YORK, April 12, 2021 (GLOBE NEWSWIRE) -- Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Renewable Energy Group, Inc. (“Renewable Energy” or the “Company”) (NASDAQ: REGI) from May 3, 2018, through February 25, 2021 (the “Class Period”). The lawsuit filed in the United States District Court for the Southern District of New York alleges violations of the Securities Exchange Act of 1934. If you purchased Renewable Energy securities, and/or would like to discuss your legal rights and options please visit Renewable Energy Shareholder Class Action Lawsuit or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com The complaint alleges that throughout the Class Period, defendants made materially false and/or misleading statements, as well as failed to disclose to investors: (1) that due to failures in the diesel additive system, petroleum diesel was not periodically added to certain loads by the Company and was instead added by the Company’s customers; (2) that, as a result, Renewable Energy was not the proper claimant for certain BTC payments on biodiesel it sold between January 1, 2017 and September 30, 2020; (3) that, as a result, Renewable Energy’s revenue and net income were overstated for certain periods; (4) that there was a material weakness in the Company’s internal control over financial reporting related to the purchase and use of the petroleum diesel gallons when blending with biodiesel; and (5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. On February 25, 2021, after the market closed, Renewable Energy issued a press release announcing its fourth quarter and full year 2020 financial results. Therein, the Company revealed that it would restate “$38.2 million in cumulative revenue from January 2018 through September 30, 2020” because Renewable Energy was not the “proper claimant for certain BTC payments on biodiesel it sold between January 1, 2017 and September 30, 2020.” Renewable Energy further stated that it had reached an agreement with the Internal Revenue Service “on a $40.5 million assessment, excluding interest” to correct these claims. On this news, the Company’s share price fell $8.17, or 9.5%, over two consecutive trading sessions to close at $77.77 per share on February 26, 2021, on unusually heavy trading volume. If you wish to serve as lead plaintiff, you must move the Court no later than May 3, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member. If you purchased Renewable Energy securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/renewableenergygroupinc-regi-shareholder-class-action-lawsuit-stock-fraud-371/apply/ or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com. Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years. ATTORNEY ADVERTISING. © 2021 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter. Contact Information Matthew E. GuarneroBernstein Liebhard LLPhttps://www.bernlieb.com(877) 779-1414MGuarnero@bernlieb.com
OmniVision Technologies, Inc., a leading developer of advanced digital imaging solutions, today announced at the NVIDIA GPU Technology Conference (GTC) that it has officially joined the NVIDIA DRIVE™ autonomous vehicle development ecosystem. The company also unveiled the first group of OmniVision automotive image sensor families compatible with the modular NVIDIA DRIVE AGX™ AI computing platform for self-driving vehicles.
NVIDIA’s Automotive Pipeline Now Exceeds $8 Billion for AI-Based Mobility Solutions Volvo Cars to use NVIDIA DRIVE Orin Volvo Cars announced that it will build its next-generation models on NVIDIA DRIVE Orin, extending the companies’ deep collaboration over the last few years. SANTA CLARA, Calif., April 12, 2021 (GLOBE NEWSWIRE) -- GTC -- Volvo, Zoox and SAIC are among the growing ranks of leading transportation companies using the newest NVIDIA DRIVE™ solutions to power their next-generation AI-based autonomous vehicles, NVIDIA announced today. NVIDIA’s design-win pipeline for NVIDIA DRIVE now totals more than $8 billion over the next six years, reflecting a growing range of next-generation cars, trucks, robotaxis and new energy vehicles (NEVs). “Transportation is becoming a technology industry. Besides having amazing autonomous driving and AI technologies, vehicles will be programmable platforms to offer software-driven services. The business models of transportation will be reinvented,” said Jensen Huang, founder and CEO of NVIDIA. “Our design wins demonstrate how NVIDIA is partnering with one of the world’s largest and most impactful industries to help revolutionize the future of mobility.” Volvo Cars and NVIDIA Extend CollaborationVolvo Cars announced that it will build its next-generation models on NVIDIA DRIVE Orin™, extending the companies’ deep collaboration over the last few years. The first car featuring DRIVE Orin technology, the next-generation Volvo XC90, is planned to be revealed next year.NVIDIA DRIVE Orin’s high-performance, energy-efficient compute will work together with software developed in-house by Volvo Cars and Zenseact (Volvo Cars’ autonomous driving software development company), an advanced sensor suite that includes lidar as well as steering and braking backup systems. As a result, the Swedish automaker’s fleet of intelligent vehicles will be safer, more personal and sustainable — along with being richly programmable and perpetually upgradable via over-the-air software updates designed to make Volvo Cars’ next-gen vehicles better every day. Read more about Volvo Cars’ announcement. Robotaxis Turn to DRIVE The world is moving trillions of miles a year, and more and more of these miles are being delivered as a service, thanks to the robotaxi companies developing on the NVIDIA DRIVE platform. Zoox recently unveiled its purpose-built robotaxi designed for everyday urban mobility. The vehicle is powered by NVIDIA DRIVE and is one of the first robotaxis featuring bi-directional capabilities, putting the next generation of intelligent transportation into motion. DiDi, China’s leading mobility-as-a-service provider, has also announced it is adopting NVIDIA DRIVE for its entire autonomous driving test fleet. These robotaxi companies join others already developing on the NVIDIA DRIVE platform, including Pony.ai and Auto X. Read more about some of these robotaxi leaders using NVIDIA DRIVE. Sparking the NEV RevolutionAdditionally, a growing number of automotive startups and EV brands have in recent months announced plans to build software-defined vehicles using NVIDIA DRIVE Orin to deliver continuously improving AI capabilities, beginning as early as next year. They include: SAIC, China’s largest automaker, which is readying two new EV brands packed with advanced AI features. The R Auto family of next-gen vehicles will feature the R-Tech advanced intelligent assistant, powered by NVIDIA DRIVE Orin, to run perception, sensor fusion and prediction for automated driving features in real time. Its ultra-premium IM brand — a joint venture with Alibaba — will deliver long-range EVs powered by NVIDIA DRIVE Orin, including a sedan and SUV with autonomous parking and other automated driving features. Orders are starting now for the sedan, with the SUV following in 2022.Faraday Future, a global intelligent mobility company, which is using NVIDIA DRIVE Orin in its flagship ultra-luxury FF 91 EV to achieve advanced highway autonomous driving capabilities and advanced parking and summon features when it goes on sale in 2022. Its next-generation FF 71 and FF 81 vehicles, which will be available in 2023 and 2024, respectively, will also be powered by NVIDIA DRIVE Orin.Vietnam’s leading automaker, VinFast, which is starting mass production of its VF e34, VF e35 and VF e36 intelligent EVs with level 2-3 autonomous capabilities. It plans to upgrade these premium EV models from NVIDIA DRIVE Xavier™ to NVIDIA DRIVE Orin.Nio, which has announced that its ET7 sedan will offer advanced automated driving capabilities featuring a supercomputer, dubbed Adam, powered by four NVIDIA DRIVE Orin SoCs totaling 1,000 TOPS. The ET7 will start to ship in China in 2022.Li Auto, which is developing next-gen EVs using NVIDIA DRIVE Orin with plans to ship in 2022. The China carmaker’s new EVs are being developed in collaboration with tier-1 supplier Desay SV and feature advanced autonomous driving features and an extended battery range.Xpeng, which is already putting its advanced driving technology on the road with the P7 sedan. Last month, the automaker completed a record-setting, six-day cross-country autonomous drive with a fleet of P7 vehicles powered by NVIDIA DRIVE Xavier. Xpeng plans to upgrade to NVIDIA DRIVE Orin in 2022. Read more about the new generation of electric vehicles built on NVIDIA DRIVE. Trucks to Hit the Road with NVIDIA DRIVEThe trucking industry is plagued by a severe driver shortage amid growing demand for e-commerce goods. The NVIDIA DRIVE platform helps deliver safe, fully autonomous trucks that can operate in geo-fenced areas, public roads and highways. Navistar is partnering with TuSimple to build self-driving trucks designed from the ground up for level 4 autonomous operation, powered by NVIDIA DRIVE. The U.S. maker’s intelligent trucks are targeted for production by 2024. China’s largest truck maker, FAW, is working with Plus to develop autonomous trucks on the NVIDIA DRIVE platform. These trucks will start production later this year and will upgrade to Orin in 2022. Volvo Autonomous Solutions, part of Volvo Group, is also using the end-to-end NVIDIA DRIVE platform for the development of autonomous transport solutions and next-generation level 4 trucks. For more information on these and other GTC announcements, Huang’s keynote address is available for on-demand streaming. About NVIDIANVIDIA’s (NASDAQ: NVDA) invention of the GPU in 1999 sparked the growth of the PC gaming market and has redefined modern computer graphics, high performance computing and artificial intelligence. The company’s pioneering work in accelerated computing and AI is reshaping trillion-dollar industries, such as transportation, healthcare and manufacturing, and fueling the growth of many others. More information at https://nvidianews.nvidia.com/. For further information, contact:Marie LabrieAutomotive PR ManagerNVIDIA Corporationfirstname.lastname@example.org Certain statements in this press release including, but not limited to, statements as to: the expected pipeline of automotive orders for NVIDIA DRIVE; the car industry becoming a technology industry, where vehicles will be completely programmable computers and business models will be reinvented; vehicles having autonomous driving and AI technologies; NVIDIA’s design wins demonstrating how it is partnering with an industry that will revolutionize the future of mobility; the impact and benefits of the NVIDIA DRIVE platform and NVIDIA’s collaborations with car makers; the features, benefits and availability of cars with NVIDIA DRIVE technology; and more of the world’s moving miles being delivered as a service are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners' products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company's website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances. © 2021 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, NVIDIA DRIVE, Xavier and NVIDIA Orin are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability and specifications are subject to change without notice. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e2d400d7-9307-48a2-a3bc-fbe0362d746f
NEW YORK, April 12, 2021 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating claims of violations of federal securities laws on behalf of investors of XL Fleet Corp. (“XL Fleet” or the “Company”) (NYSE: XL). If you are a shareholder of XL Fleet with more than $300,000 in losses, you should contact the Firm. XL Fleet provides vehicle electrification solutions for commercial and municipal fleets in North America. The Company offers hybrid and plug-in hybrid electric drive systems. XL Fleet formed via merger of XL Hybrids, Inc. and Pivotal Investment Corporation II ("Pivotal"), which closed on or about December 22, 2020. Pivotal was a special purpose acquisition company incorporated for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. On March 3, 2021, Muddy Waters Research ("Muddy Waters") published a report entitled "XL Fleet Corp. (NYSE: XL): More SPAC Trash," alleging, among other things, that salespeople "were pressured to inflate their sales pipelines materially in order to mislead XL's board and investors" and that "customer reorder rates are in reality quite low" due to "poor performance and regulatory issues." Citing interviews with former employees, the report alleged that "at least 18 of 33 customers XL featured were inactive." Muddy Waters also claimed that XL Fleet has "weak technology" and that "XL's announcement of future class 7-8 upfits seems highly promotional" because the task is "too technologically complex for XL engineers to deliver on the promised timeline." On this news, the Company's share price fell $2.09 per share, or 13%, to close at $13.86 per share on March 3, 2021, on unusually heavy trading volume. The share price continued to decline by $2.69 per share, or 19.4%, over two consecutive trading sessions to close at $11.17 per share on March 5, 2021, on unusually heavy trading volume. The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (i) XL Fleet's salespeople were pressured to inflate their sales pipelines to boost the Company's reported sales and backlog; (ii) at least eighteen of the thirty-three customers that XL featured were inactive and had not placed an order since 2019; (iii) XL's technology had been materially overstated and offered only 5% to 10% of fleet savings; (iv) XL lacks the supply chain and engineers to roll out new products on the announced timelines; and (v) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. If you are a shareholder of XL Fleet who purchased XL Fleet securities between October 2, 2020 and March 2, 2021, inclusive, you have until May 7, 2021 to ask the Court to appoint you as Lead Plaintiff for the class. To participate, learn more, or discuss the issues surrounding the investigation, please contact our attorneys at (914) 733-7256 or via email at email@example.com. Whistleblowers: Persons with non-public information regarding XL Fleet should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. About Lowey Dannenberg Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors. Contact Lowey Dannenberg P.C.44 South Broadway, Suite 1100 White Plains, NY 10601Tel: (914) 733-7256Email: firstname.lastname@example.org
The 2021-22 provincial budget includes record spending on health care, education, and social services, including massive spending on infrastructure. “This budget will protect Saskatchewan people through the pandemic, as more vaccines are received and life begins to return to normal,” Finance Minister Donna Harpauer said. “This budget will build Saskatchewan by investing in new long-term care facilities, hospitals, schools, highways and vital municipal infrastructure. And as our province and our economy emerges from the pandemic, this budget will grow Saskatchewan through incentives and key investments, while keeping life affordable for families.” Harpauer said the Covid-19 pandemic is not only a global health crisis, it is also the biggest shock to the Saskatchewan, Canadian and world economies since the Second World War. “This is a significant challenge that requires a significant response,” Harpauer said. “As a result, this year’s deficit will be larger and it will take longer to return to balance than we had anticipated. But we are going to make the investments needed now to protect Saskatchewan people through the end of the pandemic and to drive a strong economic recovery as we emerge from the pandemic.” Moosomin MLA Steven Bonk on the budget Moosomin MLA Steven Bonk says he feels the budget’s biggest takeaway is its focus on protecting Saskatchewan people. “The theme of the budget is protect, build and grow, and I think if you take a deep dive into the budget you will see that our government has taken a lot of pains to make sure we live up to those three words,” he said in an interview after the budget was released. We’re really focused right now on the protection of our citizens and we’re rolling out probably the most robust and efficient vaccine rollout in Canada, and hopefully if the uptake remains good and people get vaccinated that is our way to get through this pandemic.” He one of the biggest announcements for his constituents is the government’s funding of a new long-term care centre in Grenfell. “For rural residents and Moosomin constituency in particular, I think one of the big highlights is funding for the long-term care centre in Grenfell. That is something that we’ve been pushing very hard for for quite a while to get up and going, and I’d like to thank Mayor Rod Wolfe and Tyler Tomlinson, particularly, in Grenfell—just their diligence and persistence and being just excellent partners in the fight to get the nursing home back. “It’s extremely important. These are seniors who built this province and we’re doing everything we can to keep them at home as long as possible, and once they are going to a long-term care facility, we’d like to have them stay in their own communities. It’s the least we can do and it’s something our government is committed to.” The budget includes a deficit of $2.6 billion, and Bonk says that’s due to Covid-19. “Being a fiscal Conservative I’m always worried when we’re in a deficit. I think in this instance, I think Covid-19 has created the biggest shock to our economy since World War II. “I think this is one of the rare instances where I do think that the government should increase some stimulus spending to get our economy back going and driving. I think it’s one of those times now where we have low interest rates, low infrastructure needs and it’s a good time to get Saskatchewan back to work. We do have a plan to get back to balance by 2026 and we will make sure we get there.” He says it’s always tough to table a budget and Covid-19 has made it harder. “An increase to taxes was never on the table for this budget because we thought at a time like this when the residents of Saskatchewan are quite often struggling due to the effects of Covid-19 on our economy, we didn’t think that a tax, a new tax or an increased tax would help very much so we tried to stay away from that. We tried to limit spending in areas where we could but of course increased spending in areas such as health and social services where some people are really suffering and need our help at the moment. We want to be a government that’s there for everyone, and for education of course as well.” Melville-Saltcoats MLA Warren Kaeding on the budget Melville-Saltcoats MLA and Minister of Environment Warren Kaeding says Covid-19 has set the province back and now it’s time to focus on growth. “We’ve certainly made sure that we’ve provided a certain amount of funding for protecting our citizens,” he says. “Knowing that we’re going to have to build and build better after Covid-19 has kind of set us back. We just certainly have to make sure that we are growing our workforce, we’re growing our value added sector, we’re growing the oil and gas sector, we’re just growing all the sectors that have been with us so far and maybe even build a couple of new sectors that are just on the cusp of developing now.” There is additional funding for conservation officers in the budget. “We’ve been provided $450,000 and that is going to go towards hiring more conservation officers,” says Kaeding. “So, with our rural crime protection branch, the PRT (Protection and Response Team) group, they have also had access to our conservation officers so our conservation officers aren’t just dealing with wildlife and wildlife management issues now. They could also be helping the RCMP on calls out to a community, on calls out to a situation, to a First Nation or elsewhere. So our COs now are involved more than they have ever been in reducing crime all through rural Saskatchewan.” As part of the budget, the Ministry of Environment will be directing $629,000 to the Nuclear Secretariat to aid development of SMR (small modular reactor) technology and deployment in the province. “We’ve got a feasibility study that I believe the premier will be unveiling here in probably a week’s time,” says Kaeding. “That was done in conjunction with Ontario, New Brunswick, with their power authorities there, and in that analysis, it’s a breakdown of what the small modular that nuclear reactor business would mean to those three jurisdictions—in upstream, downstream contributions to GDP, what it would mean for energy supply, ultimately how much would that reduce emissions. It’s a fairly comprehensive analysis of what that small reactor business would mean to each jurisdiction. “We are anxiously awaiting the opportunity to release that and have everybody look at it but I think you’ll find it will make a significant contribution to Saskatchewan in a number of ways just in its emissions reductions. It will be a great asset that SaskPower will be able to utilize in its zero emissions profile and we’re one of the world’s greatest resources for uranium right now. So what better way to utilize that but locally. “Every time the carbon tax goes up SaskPower has to reanalyze what their future is going to be and how they are going to be delivering energy into the future. So they’re still assessing carbon capturing utilization, will that continue to fit in what they’re doing? Do they need to add on and enhance in other units? Those decisions haven’t been made yet, so there’s a lot of decisions that SaskPower has to make, but having the nuclear secretariat here and building capacity in the province certainly bodes well for having a very robust nuclear industry in the province.” A new fund of $200,000 will also be established to better support Indigenous participation in a range of ministry engagement initiatives. The fund will increase opportunities for Indigenous clients to participate in the development of policy and program options. “A lot of the resource development is in areas that are being looked after by our Indigenous communities, so how can they best participate in some of that resource development,” says Kaeding. “Certainly we’re seeing a very active role of First Nations involved in power generation. Especially in the clean energy side, the green energy side. So can we strengthen our relationships and help build capacity within First Nations in those areas? Yes, ultimately, we are looking at how they can better fit into our 2030 growth plan.” What does Kaeding feel is most important in this budget for his constituents in the Melville-Saltcoats riding? “I’d say it’s just a very continuous funding and the priorities that we’re spending on—certainly on the big three—health, education and social services—that it’s consistent funding. There are no cuts, no increase in taxes in those areas, there’s a slight increase in the education property tax which I think was somewhat expected because it has been fairly flat for a number of years now. We’re certainly spending a lot of effort on rural connectivity, certainly making sure we’ve got cell phone towers in places that have maybe been under served in the past. For highways we’ve got the passing lanes that are now going to be built on Highway 16. We’ve had passing lanes built on Highway 9 and 10, which has been a significant benefit. So now kind of the northern half of the constituency is going to see it on Highway 16. “I’d say it’s just a continuous support of all of the ministries that are responsible to the constituents of Melville-Saltcoats.” Despite the evolving situation with Covid-19, Kaeding says the numbers in this budget should be fairly solid in the months to come. “If you look at the resource side, the revenue side, everything seems to be pretty solid there I think,” he says. “Interest rates are still projected to be quite low. The expenditure side, we have long term agreements with all our collective bargaining units now so that helps provide continuity on the labour side of things. So I’d say we feel pretty comfortable with our projections, all things considered and still taking Covid-19 into account. But we are certainly hoping that things start to rebound and as we start getting more vaccines in arms we are able to get some of the temporary restrictions off, and we start getting back to what we’re used to.” $26 billion deficit The 2021-22 Budget includes a deficit of $2.6 billion. The province’s fiscal situation is projected to steadily improve over the next three years with smaller deficits of $1.7 billion in 2022-23, $1.2 billion in 2023-24, and $770 million in 2024-25. A return to balance is expected in 2026-27. Saskatchewan’s real GDP is forecast to grow 3.4 per cent in 2021, but that follows a projected 4.2 per cent contraction in 2020. “While Saskatchewan’s economy has fared better than most through the global health crisis, with continuing high levels of employment, the pandemic has still had a significant impact on the province’s economy and finances,” Harpauer said. “Our government has set a course to meet the fiscal challenge. We will manage carefully - without reckless cuts or large tax increases that would threaten both the pandemic response and a strong recovery.” Revenue is forecast at $14.5 billion in 2021-22, with most revenue categories forecast to increase compared to the latest 2020-21 forecast. Expense of $17.1 billion is projected, an increase of $1.0 billion compared to last year’s budget. Record health budget This year’s record health budget of $6.54 billion - up $359 million or 5.8 per cent from last year - will strengthen the provincial health care system to protect families and communities. A $90 million increase in this budget will support Saskatchewan’s comprehensive COVID response. This includes: • the mass vaccination rollout; • purchase of more personal protective equipment; • supporting contact tracing measures; • expansion of testing and assessment sites; • additional provincial laboratory capacity; • supports for long-term care; and • and coverage of added physician costs. The 2021-22 Budget provides the Saskatchewan Health Authority with a $3.96 billion grant this year, up more than $221 million, or nearly six per cent, compared to last year. The budget includes a record $458 million for mental health and addictions programs and services, up $23.4 million or 5.4 per cent from last year. This includes $7.2 million for targeted mental health and addictions services including specific youth-focused initiatives, investments in suicide prevention, and expansion of harm reduction and addictions treatment. The 2021-22 Budget will spend $6.0 million to hire approximately 100 continuing care aides who will help long-term care clients with personal care, meals and medication. “It’s the first year of our three-year, $18.4 million campaign commitment to hire 300 continuing care aides to work in long-term care and in existing and expanded home-care services in rural and remote areas,” Harpauer said. “This budget also keeps our election commitment to support children with Autism and their families, with $6.0 million to expand the Autism Spectrum Disorder program to provide individualized funding for children ages six to 11. We are fulfilling another platform commitment through a $5.0 million increase to expand eligibility under the Saskatchewan Insulin Pump Program - which means the cost of an insulin pump will now be covered for everyone in Saskatchewan who needs one.” The funding will also cover continuous glucose monitoring for children and youth under age 18. A $6.7 million increase will reduce ambulance fees for seniors to $135 per trip, down from $275 - meeting another election commitment by the government. Emergency Medical Services will receive a $6.6 million increase to provide for additional ambulances in Regina and Saskatoon and address delays when transferring patients, along with other improvements. The 2021-22 Budget invests $1.4 million to add a new STARS helicopter to deliver emergency care faster to rural and remote areas and save lives. Total provincial funding for STARS is now $11.88 million. Record education budget Education spending across government is $3.75 billion in the 2021-22 Budget, up more than $391 million, or 11.6 per cent compared to last year. This includes spending on pre-K to Grade 12 education, post-secondary education, and career training programs and commissions. Saskatchewan’s 27 school divisions will receive $1.96 billion in operating funding for the 2021-22 school year, a $19.2 million increase. This includes fully funding the two per cent salary increase in the teachers’ collective bargaining agreement. Federal-provincial Safe Schools funding of $155 million has been provided over the last year to help school divisions and independent schools during the pandemic. More than $20 million of this funding will carry over into the 2021-22 school year, with $134.2 million allocated in 2020-21. An increase of $2.0 million in this budget brings child care funding up to $75.5 million and will create 176 additional licensed home-based spaces and 51 new licensed centre spaces. “This is part of our government’s four-year platform commitment to provide 750 new licensed childcare spaces,” Harpauer said. This year’s budget will invest a total of $735 million in the post-secondary sector in 2021-22. Beyond the typical base budget, government will invest an additional $60 million over two years - in 2021-22 and 2022-23 - to be utilized for COVID recovery, revenue generation, and achieving priorities set out in the Growth Plan. “For the first time, Saskatchewan is providing a multi-year funding commitment to the post-secondary sector, which was developed collaboratively and is focused on shared priorities,” Harpauer said. Spencer Kemp, Local Journalism Initiative Reporter, The World-Spectator
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Texas should consider a central clearinghouse around natural gas and electricity availability in case of future cold weather events like the recent winter storm, according to a Phillips 66 refining executive speaking at an industry conference Monday. The refining industry on the U.S. Gulf Coast took several weeks to recover from a deadly deep freeze that sent temperatures below freezing for several days in February. Bob Herman, executive vice president of Phillips 66, noted that during previous hurricanes, such as Hurricane Harvey in 2017, the industry could better communicate supply outages through a clearinghouse.
Next-Generation Food Investor Conference to Host more than 20 public and private companiesTORONTO, April 12, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- SnowCap Ventures (“SnowCap”) (Toronto-based Impact Investing and Advisory Firm) is thrilled to host “The Future of Food 2.0 Virtual Investor Conference” (“FOF2.0”). The event, to be held April 15, will be an enhanced virtual conference designed to inform, educate, and inspire the investment community about the next generation of food companies. Topics include upcycled ingredients, vertical farming, pizza subscriptions and many more. Register now at: https://zoom.us/webinar/register/WN_joHT0e4_QQGfnCGhyj966Q This conference will feature keynote presentations and panel discussions by leading experts and influential speakers. The full agenda is presented below. All times are EST. 11:00 AM SnowCap Ventures11:10 AM Well Told (Going Public)11:20 AM Fresh City Farms (Private)11:30 AM Elevate Farms (Private)11:40 AM General Assembly Pizza (Going Public)11:50 AM Upcycled Food Association with Regrained (Private) & Outcast Foods (Private)12:00 PM Flow Water (Going Public)12:10 PM Revive Superfoods (Private)12:20 PM The Animals Kitchen (Private)12:30 PM UnBun Foods (Private)12:40 PM Trend Spotting Panel with Shot Of Gold (Private), Plantable (Private), Sapsucker & Plant-Based Foods of Canada12:50 PM Rritual Superfoods (Public CSE:RSF)1:00 PM Planet Based Foods (Going Public)1:10 PM Zoglos (Going Public)1:20 PM Globally Local (Going Public)1:30 PM Investor Panel CSE, EVA, Nabati & Natural Products Canada1:40 PM MustGrow Biologics (Public CSE:MGRO)1:50 PM Guru Organic Energy (Public TSX:GURU)2:00 PM Culcherd - Dairy Alternatives (Private)2:05 PM ToroMatcha (Private)2:10 PM Pontus Water Lentils (Public TSXV:HULK)2:20 PM Canada's Protein Supercluster: Plant Based Ingredient Processing "As an impact investor in the food space, we know the heightened demand in the investment community for unique, forward-thinking food companies. Embracing the emerging next-generation food market is a pillar SnowCap is grounded in,” said Nicole Marchand, Founder and CEO of SnowCap Ventures. "We are confident that this year's conference will deliver on its promise to bring you an all-star group of business leaders to speak at this year's “The Future of Food 2.0." At FOF2.0, attendees will have the opportunity to virtually watch an exceptional line-up of 20+ world-class public and private companies in the emerging foods industry. Investment professionals from large and small businesses, financial institutions, and the investment community around the world are expected to attend this year's conference. On-demand recorded session of the conference will be available to view for 30 days after the event and are eligible for registered attendees only. For complete information about FOF2.0 and registration details, visit https://www.snowcap.ventures About SnowCap VenturesSnowCap Ventures is an impact investment and advisory firm based in Toronto. Focused on plant-based food and animal health verticals, the firm also produces events for North American companies and investors. Nicole Marchand, Founder & CEOEmail: email@example.comInstagram: @snowcapvMedia Contact:InvestorBrandNetwork (IBN)Los Angeles, Californiawww.InvestorBrandNetwork.com310.299.1717 OfficeEditor@InvestorBrandNetwork.com
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New York’s is the first U.S. pension fund to commit to curbing climate change by overhauling its investments to net-zero greenhouse gas emissions by 2040